Financial Performance - Revenue for the six months ended June 30, 2023, was HK$40,779,000, a decrease of 37.2% compared to HK$64,907,000 in 2022[3] - Gross profit increased to HK$6,759,000, up 16.3% from HK$5,812,000 in the same period last year[3] - Loss for the period was HK$21,015,000, a significant improvement from a loss of HK$47,300,000 in 2022, representing a reduction of 55.6%[4] - Basic loss per share attributable to owners of the Company was HK$1.37, compared to HK$0.03 in the previous year[4] - The segment loss before tax for the six months ended June 30, 2023, was HK$21,015,000, compared to a loss of HK$47,300,000 in the same period of 2022, indicating an improvement[24][27] - The Group reported an unaudited consolidated loss of approximately HK$21.0 million, primarily due to an unrealized loss on financial assets at FVTPL of approximately HK$20.2 million[68] - The loss attributable to owners of the Company for the six months ended June 30, 2023, was HK$21,015,000, compared to a loss of HK$44,240,000 in the same period of 2022, representing an improvement of approximately 52.5%[45] Assets and Liabilities - Current assets decreased to HK$259,232,000 from HK$281,698,000 as of December 31, 2022, reflecting a decline of 8.0%[6] - Net current assets were HK$182,049,000, down from HK$203,485,000 at the end of 2022, indicating a decrease of 10.6%[6] - Total equity decreased to HK$182,194,000 from HK$203,209,000, a decline of 10.4%[6] - Total consolidated assets decreased to HK$259,595,000 as of June 30, 2023, from HK$282,174,000 at the end of 2022, a reduction of approximately 8.0%[29] - Total segment liabilities were HK$44,930,000 as of June 30, 2023, slightly down from HK$45,952,000 in December 2022, indicating a decrease of about 2.2%[32] - Trade and other receivables totaled HK$55,785,000 as of June 30, 2023, down from HK$68,100,000 at the end of 2022, a decrease of approximately 18.1%[49] - Total loan receivables as of June 30, 2023, were HK$159.3 million, with an allowance for expected credit losses of HK$57.3 million[52] Cash Flow - Net cash from operating activities improved to HK$6,865,000 in 2023 from a net cash used of HK$17,867,000 in 2022[11] - Cash and cash equivalents at the end of the period increased to HK$32,714,000 from HK$26,848,000 at the beginning of the period[11] - The company experienced a net increase in cash and cash equivalents of HK$5,866,000 in 2023, compared to a decrease of HK$15,258,000 in 2022[11] - Cash used in investing activities was HK$5,000 in 2023, while there were no cash outflows in 2022[11] Revenue Segments - Money lending segment revenue increased to HK$104,186,000 in 2023 from HK$103,359,000 in 2022, showing a growth of 0.8%[29] - Sales of clothes and beauty products generated HK$45,201,000 in revenue, down from HK$46,644,000 in 2022, reflecting a decrease of about 3.1%[29] - Approximately 14.9% of total revenue came from processing and trading of used computer-related components, 12.3% from interest income, 2.5% from securities brokerage, and 70.3% from sales of clothes and beauty products[67] Financial Assets - The Company reported unrealised losses on financial assets at fair value through profit or loss of HK$20,205,000, an improvement from HK$31,113,000 in 2022[3] - The total market value for financial assets at FVTPL was approximately HK$56.5 million as of 30 June 2023, down from HK$75.0 million at the end of 2022[93] - The Group recognized an unrealized loss on financial assets at FVTPL of approximately HK$20.2 million during the six months ended 30 June 2023[94] - The Group recognized a realized gain of approximately HK$0 for the six months ended June 30, 2023, compared to HK$20,000 for the same period in 2022[95] Corporate Governance - The Company is committed to high standards of corporate governance practices and has applied the principles of the CG Code[117] - The Audit Committee reviewed the unaudited financial statements for the six months ended June 30, 2023[116] - The Company has maintained compliance with the Model Code for securities transactions by directors throughout the reporting period[124] - There were no purchases, sales, or redemptions of the Company's listed securities during the six months ended June 30, 2023[125] Future Plans - The Group plans to deploy more resources in developing the asset management business in the future[70] - The Group obtained licenses of Types 4 and 9 from the Securities and Futures Commission for operating a virtual asset trading platform[70]
新确科技(01063) - 2023 - 中期财报