Financial Performance - The group recorded total revenue of HKD 40,000,000, a decrease of 45.45% compared to the previous period's HKD 73,300,000[12]. - The net profit for the group was HKD 11,800,000, a significant improvement from a net loss of HKD 39,400,000 in the previous period[32]. - Total revenue for the six months ended June 30, 2023, was HKD 39,958,000, a decrease from HKD 73,253,000 in the same period of 2022, representing a decline of approximately 45.5%[61]. - The company reported a profit of HKD 11,781,000 for the period, a significant recovery from a loss of HKD (39,449,000) in the same period last year[61]. - The total comprehensive loss for the period was HKD (324,294) thousand, compared to HKD (336,593) thousand in the same period last year, representing an improvement of approximately 3.9%[63]. - The company reported a net loss of HKD 11,781 thousand for the period, compared to a net loss of HKD 86,065 thousand in the previous year, showing a significant reduction in losses[91]. Segment Performance - The financial services segment generated a profit of HKD 14,100,000, up from HKD 5,900,000 in the previous period[32]. - The strategic investment segment reported a loss of HKD 20,500,000, reduced from HKD 40,800,000 in the previous period[32]. Assets and Liabilities - As of June 30, 2023, the group's total assets were HKD 5,280,300,000, down from HKD 5,754,100,000 as of December 31, 2022[13]. - The group's net asset value as of June 30, 2023, was HKD 4,964,100,000, compared to HKD 5,278,300,000 at the end of 2022[13]. - Total liabilities were reported at HKD 316,198 thousand as of June 30, 2023[137]. - The group’s total liabilities decreased to 2,830,601 thousand HKD as of June 30, 2023, from 3,186,010 thousand HKD as of December 31, 2022, indicating a reduction of about 11.1%[186]. Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2023, was HKD 218,065, a decrease of 50.3% compared to HKD 438,315 for the same period in 2022[115]. - The net cash used in investing activities was HKD 28,536, a significant improvement from a net cash outflow of HKD 679,249 in the previous year[115]. - The net cash used in financing activities amounted to HKD 121,105, compared to HKD 29,606 in the same period last year, indicating increased financing activities[115]. Investment and Strategic Focus - The group plans to continue prudent capital management and liquidity risk management policies to address future challenges[11]. - The group continues to focus on strategic investments and value creation through selective investments and divestitures, demonstrating resilience in adverse market conditions[118]. - The group has established criteria for identifying suitable investments and has a strategy for divesting certain investments based on internal resource requirements and alternative investment opportunities[118]. Market Outlook - The group expects market conditions to gradually improve despite an uncertain overall economic outlook[11]. Employee and Operational Costs - Employee benefit expenses decreased to HKD (8,708,000) from HKD (14,359,000), showing a reduction of about 39.5%[61]. - The company achieved a significant reduction in financing costs, which decreased to HKD (8,059,000) from HKD (11,277,000), a decline of approximately 28.5%[61]. Share Capital and Equity - The total number of issued shares as of June 30, 2023, was 6,109,259,139[54]. - The company's equity attributable to shareholders decreased to HKD 4,964,115 thousand as of June 30, 2023, from HKD 5,278,315 thousand at the beginning of the year[91]. Foreign Exchange and Other Income - The company recorded a foreign exchange loss of HKD (2,049) thousand during the period[91]. - Other income for the period was HKD 17,907,000, up from HKD 11,243,000 in the prior year, marking an increase of approximately 59.5%[61].
威华达控股(00622) - 2023 - 中期财报