Financial Performance - For the six months ended June 30, 2022, the Group recorded total revenue of HK$281.9 million, a decrease of approximately 13.2% from HK$324.8 million for the same period in 2021[23]. - The revenue from the EMS business decreased by 9.4% to HK$270.1 million, while revenue from the Distribution of Communications Products business decreased by 64.0% to HK$8.6 million[18]. - Gross profit decreased by approximately 30.4% from HK$70.6 million for the six months ended June 30, 2021, to approximately HK$49.1 million for the same period in 2022[23]. - The loss attributable to owners of the Company was approximately HK$13.5 million for the period ended June 30, 2022, improving from a loss of HK$32.0 million in 2021[30]. - The company reported a loss for the period of HK$12,824,000, compared to a loss of HK$32,129,000 in the previous year, indicating an improvement[85]. - Total comprehensive income for the period was a loss of HK$10,263,000, compared to a loss of HK$29,113,000 in the previous year, indicating a 65% improvement[89]. Revenue Breakdown - Revenue contributions from major European countries totaled approximately HK$131.1 million, accounting for 46.5% of the Group's total turnover for the six months ended June 30, 2022[22]. - The United States market contributed approximately HK$47.1 million in revenue, accounting for 16.7% of total revenue[22]. - The People's Republic of China, including Hong Kong, accounted for approximately HK$26.8 million in revenue[22]. - For the six months ended June 30, 2022, total revenue from external customers was HK$281,893,000, with the electronic manufacturing services segment contributing HK$270,054,000[158]. Cost and Expenses - The increase in material cost price levels due to supply chain chaos and trade disputes between China and the USA contributed to the gross profit decline[23]. - Administrative expenses decreased to HK$53,396,000 from HK$71,696,000, reflecting cost control measures[85]. - The cost of goods sold for the period was HK$231,476,000, compared to HK$251,909,000 in the previous year[192]. - Employee benefits expense, including directors' emoluments, totaled HK$87,200,000 for the six months ended June 30, 2022, down from HK$95,787,000 in the same period of 2021[192]. Cash Flow and Liquidity - As of June 30, 2022, the Group maintained bank and cash balances totaling approximately HK$190.0 million, up from HK$145.6 million as of December 31, 2021[18]. - The company's cash and bank balances rose to HK$189,996,000, up from HK$145,574,000, marking an increase of approximately 30%[91]. - For the six months ended June 30, 2022, the net cash generated from operating activities was HK$33,419,000, compared to a net cash used of HK$19,969,000 in the same period of 2021[102]. Shareholder Information - As of June 30, 2022, the total number of issued shares is 1,207,691,855, an increase from 924,363,855 shares as of December 31, 2021[35]. - The Group has 30,982,791 outstanding share options under the New Share Option Scheme as of June 30, 2022[54]. - The Company has not recommended the payment of an interim dividend for the period, consistent with the previous year (2021: nil)[59]. Governance and Compliance - The Company has complied with the Corporate Governance Code provisions throughout the six months ended 30 June 2022, except for the deviation regarding the roles of chairman and chief executive officer[58]. - The Audit Committee, consisting of three independent non-executive Directors, has reviewed the accounting principles and unaudited condensed consolidated interim financial statements for the six months ended 30 June 2022[59]. - The Company has made specific inquiries to all Directors regarding compliance with the Model Code for Securities Transactions, and all confirmed adherence throughout the reporting period[58]. Future Outlook and Strategy - The Group's management is focused on developing existing core businesses and exploring new business opportunities to maintain a strong financial position amid an uncertain global economic environment[18]. - The Group plans to focus on the high-end medical and health service business in the coming years, while remaining cautious due to the uncertain economic environment caused by COVID-19 variants[54]. - The Group's future strategy includes a focus on the EMS and Distribution of Communication Products segment to ensure stable cash flow[54]. Segment Performance - The segment profit for electronic manufacturing services was HK$6,331,000, while the communications products segment reported a profit of HK$3,456,000[158]. - The total segment assets as of June 30, 2022, amounted to HK$671,711,000, with electronic manufacturing services holding HK$463,987,000[158]. - The total loss of reportable segments for the six months ended June 30, 2022, was HK$9,295,000, a significant improvement from a loss of HK$28,172,000 in the same period of 2021[167].
中国储能科技发展(01143) - 2022 - 中期财报