Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 197,059,000, a decrease of 14.4% compared to RMB 230,406,000 in the same period of 2021[16]. - Gross profit increased to RMB 26,963,000, up 32.5% from RMB 20,354,000 in the previous year[16]. - Loss before tax for the period was RMB 13,514,000, slightly improved from a loss of RMB 14,773,000 in the prior year[16]. - Loss attributable to owners of the parent from continuing operations was RMB 15,230,000, compared to a loss of RMB 10,888,000 in the same period last year[16]. - Basic and diluted loss per share from continuing operations was RMB (14.32) cents, compared to RMB (14.31) cents in the previous year[18]. - Total comprehensive loss for the period amounted to RMB 27,674,000, a decrease from RMB 72,812,000 in the previous year[181]. - Other income and gains for the period were RMB 5,161,000, significantly higher than RMB 2,190,000 in 2021[177]. Operational Highlights - The company is focused on expanding its network system integration services and smart office software solutions[4]. - Future strategies include enhancing network infrastructure solutions and exploring new market opportunities[4]. - The company plans to invest in new technologies to improve service offerings and operational efficiency[4]. - Ongoing efforts in market expansion are expected to drive revenue growth in the upcoming periods[4]. - The Group recognized approximately RMB 12.4 million in revenue from a government contract for a smart library system during the period[35]. Assets and Liabilities - Total assets as of June 30, 2022, were RMB 663,561,000, a slight increase from RMB 655,429,000 as of December 31, 2021[25]. - The current ratio increased to 1.5 as of June 30, 2022, compared to 1.4 as of December 31, 2021[25]. - The Group's net cash flows used in operating activities were RMB(20,754,000) for the period, compared to RMB(16,078,000) in the same period of 2021[27]. - Total non-current liabilities decreased to RMB 43,643,000 from RMB 49,192,000, a reduction of approximately 11.3%[185]. - Net assets increased to RMB 341,575,000 from RMB 329,301,000, showing a growth of about 3.8%[185]. Shareholder Information - As of June 30, 2022, Mr. Chan Sek Keung holds 17,006,141 ordinary shares, representing approximately 14.51% of the issued share capital of the Company[107]. - Ms. Wang Fang has an interest in 15,505,941 shares, accounting for approximately 13.23% of the issued share capital[107]. - The total number of issued shares of the Company as of June 30, 2022, is 117,240,000 shares[112]. - The Company did not declare any interim dividend for the six months ended June 30, 2022, consistent with the previous year[141]. Governance and Compliance - The Company has adopted the Corporate Governance Code and complied with its principles throughout the six months ended June 30, 2022, with some deviations noted[146]. - The roles of chairman and CEO are held by the same individual, Mr. Chan Sek Keung, Ringo, which deviates from the Corporate Governance Code[146]. - All Directors confirmed compliance with the Model Code for Securities Transactions during the six months ended June 30, 2022[151]. - The Audit Committee consists of three independent non-executive Directors as of June 30, 2022, and convened one meeting during the review period[152][157]. Investment and Capital Management - The Group plans to maintain stable development in its IT infrastructure system integration business and expedite the development of its smart office software business, which is expected to drive revenue growth[87]. - The company reported a significant increase in inventories, which rose to RMB 29,717,000 from RMB 17,320,000, a growth of approximately 71.8%[182]. - The company issued shares worth RMB 40,055,000 during the period, with share issue expenses amounting to RMB 1,207,000[187]. - The foreign exchange translation differences resulted in a loss of RMB 24,827,000[187]. Employee and Market Development - The total number of employees increased to 301 as of June 30, 2022, up from 285 as of December 31, 2021[93]. - The Group intends to explore business opportunities in Southeast Asia and countries along the Belt and Road Initiative to capture market opportunities[88]. - The Group will continue to explore bidding for public and private projects in Hong Kong to increase its market share[88].
威讯控股(01087) - 2022 - 中期财报