Financial Performance - The overall revenue for the group decreased by approximately 76.3% to HKD 36.3 million from HKD 152.8 million in the same period last year[30]. - The net loss for the period was HKD 315.5 million, compared to a net loss of HKD 157.9 million in the same period last year[30]. - The group's operating loss increased to HKD 293.7 million, up HKD 152.3 million from HKD 141.4 million in the first half of 2021[36]. - Total comprehensive loss for the period amounted to HKD 314,034,000, up from HKD 154,478,000 in the previous year, indicating a 103.5% increase[60]. - The company reported a basic and diluted loss per share of HKD (0.73) for the six months ended June 30, 2022, compared to HKD (0.44) in the prior year[113]. Digital Asset Performance - OSL digital asset platform's trading volume increased by 79% year-on-year, while SaaS service fees surged by 332% during the first half of 2022[24]. - The company reported a digital asset loss of approximately HKD 92.2 million and a fair value loss of HKD 7.1 million, impacting overall digital asset revenue[14]. - OSL's revenue from digital asset and blockchain platform business decreased by approximately HKD 108.3 million to HKD 5.6 million due to losses in digital asset trading and fair value losses[30]. - The revenue from digital asset and blockchain platform business for the six months ended June 30, 2022, was HKD 10,524,000, a significant decrease from HKD 101,235,000 in the same period of 2021[102]. - The company incurred a loss of HKD 270,199,000 in the digital asset segment for the six months ended June 30, 2022[90]. SaaS Business Growth - OSL's SaaS product revenue grew over three times compared to the same period last year, reaching HKD 15.2 million[31]. - SaaS service fees increased significantly to HKD 15,161,000 in 2022 from HKD 3,511,000 in 2021, representing a growth of approximately 331%[95]. - The SaaS business continues to attract major banking clients, with improvements made to the product's market positioning[24]. Cost Management - The company reduced monthly operating costs by approximately 40% starting from the end of June 2022[24]. - The company's sales and distribution expenses decreased by 64.7% to HKD 21.8 million from HKD 61.8 million in the same period last year[30]. - The group expects a significant reduction in operating costs in the second half of 2022 following a company-wide restructuring aimed at improving business efficiency[56]. Market Position and Strategy - OSL was selected as the exclusive digital asset provider for Interactive Brokers in Hong Kong, enhancing its market presence[20]. - OSL aims to become the global leading platform for digital asset financial services by 2025 through its market business and core SaaS product platform[30]. - The overall digital asset market is expected to see increased market share for the company as regulated asset management firms enter the market[25]. Financial Position - As of June 30, 2022, total assets amounted to HKD 3,471,600,000, down from HKD 5,278,800,000 as of December 31, 2021[44]. - The total equity as of June 30, 2022, was HKD 893,200,000, compared to HKD 1,191,100,000 at the end of 2021[44]. - The company's accumulated losses increased to HKD 1,487,854,000 from HKD 1,181,291,000, reflecting a 25.9% increase[63]. Shareholder Information - The company did not recommend any interim dividend for ordinary shareholders for the period, consistent with the previous year[54]. - The number of issued and fully paid ordinary shares remained at 423,247,484 as of June 30, 2022, unchanged from the previous year[137]. - East Harvest Global Limited holds 187,536,194 shares, representing 44.31% of the company's issued share capital[169]. Regulatory and Compliance - The company’s financial statements are prepared in accordance with International Financial Reporting Standards, ensuring compliance and transparency in reporting[68]. - The audit committee has been established in accordance with Listing Rule 3.21, consisting of three independent non-executive directors[186]. - The board has reviewed the corporate governance practices and confirmed compliance with the relevant provisions of the Corporate Governance Code[185].
BC科技集团(00863) - 2022 - 中期财报