Financial Performance - Revenue from the media and culture business for the six months ended June 30, 2022, was approximately HK$37.1 million, compared to approximately HK$1.4 million for the same period in 2021, representing a significant increase[23]. - The Group reported a net loss attributable to owners of approximately HK$53.2 million for the six months ended June 30, 2022, compared to a loss of approximately HK$42.4 million for the same period in 2021[23]. - Gross profit for the current period was approximately HK$2.1 million, compared to a gross loss of approximately HK$18.4 million for the corresponding period of 2021[55]. - Basic loss per share for the six months ended June 30, 2022, was approximately 6.46 HK cents, compared to approximately 5.15 HK cents for the same period in 2021[56]. - The loss before tax for the period was HK$53,249,000, compared to a loss of HK$42,479,000 in the same period of 2021, reflecting a worsening financial performance[110]. - The loss for the period attributable to owners of the parent was HK$53,221,000, compared to HK$42,430,000 in the previous year[110]. - The company reported other comprehensive loss of HK$1,319,000 for the period, compared to other comprehensive income of HK$2,096,000 in the previous year[113]. - The company reported a loss before tax of HK$53,249,000 for the six months ended June 30, 2022, compared to a loss of HK$42,479,000 in the same period of 2021[133]. - The Group reported a basic loss attributable to ordinary equity holders of HK$53,221,000 for the six months ended June 30, 2022, compared to a loss of HK$42,430,000 for the same period in 2021[183]. Assets and Liabilities - Net liabilities of the Group as of June 30, 2022, were approximately HK$245.4 million, an increase from approximately HK$190.9 million as of December 31, 2021[57]. - The current ratio as of June 30, 2022, was approximately 0.37, down from approximately 0.51 as of December 31, 2021[74]. - Total non-current assets increased to HK$323,276,000 from HK$259,861,000, representing a growth of approximately 24.4%[121]. - Total current assets decreased to HK$327,547,000 from HK$461,019,000, a decline of about 29.0%[121]. - Net current liabilities increased to HK$567,915,000 from HK$448,888,000, indicating a worsening financial position[124]. - The company's equity attributable to owners of the parent showed a deficiency of HK$244,381,000, worsening from HK$189,848,000[124]. - The total principal of remaining film investment loans due for repayment in 2023 is HK$78,094,000[200]. Investments and Projects - As of June 30, 2022, the Group's investments in movies and TV drama series amounted to approximately HK$418.4 million, up from approximately HK$387.5 million as of December 31, 2021[28]. - The Group's focus on media investments and projects is expected to drive future growth despite current challenges[22]. - The Group plans to allocate more resources to the media and culture segment, focusing on film and TV series investment and production as major growth drivers[64]. - The Group has engaged 8 film directors to diversify and enhance its entertainment business[50]. - The movie "Midway" had a total budget of approximately US$100 million and achieved over US$30 million in overseas pre-sales during the pre-sales period, excluding the Greater China area[33]. - "Midway" grossed US$126,696,475 worldwide, topping the North American box office in its opening week, and received an audience score of 92% on Rotten Tomatoes[34][37]. - The international sales of the movie "Greta" are anticipated to be US$9.5 million, indicating positive market reception[29]. COVID-19 Impact - The Group's media business has been affected by the COVID-19 pandemic, leading to postponed film and TV drama projects[22]. - The media business has been affected by the COVID-19 pandemic, leading to slowed business activities and postponed film and TV drama projects[54]. - The Group will continue to monitor the development of the COVID-19 situation and assess its impacts on financial position and operating results[24]. Shareholder Information - The company does not recommend any interim dividend for the six months ended June 30, 2022, consistent with the previous year[67]. - The Group did not declare or pay any interim dividends for the periods ended June 30, 2022, and 2021, maintaining a consistent policy[179]. - As of June 30, 2022, Timcha Investment Limited holds 181,513,514 shares, representing approximately 22.04% of the issued share capital of the Company[94]. - The total number of issued shares of the Company as of June 30, 2022, is 823,564,799 shares[95]. - Chau Chit holds 49,693,600 shares, representing approximately 6.03% of the issued share capital of the Company[94]. - The entire issued share capital of Mega Start Limited is wholly owned by Mr. Chau Chit, who is deemed to be interested in the shares of the Company[97]. - The Company has not granted any options under the New Share Option Scheme since its adoption[89]. Audit and Compliance - The audit committee, consisting of three independent non-executive Directors, reviewed the condensed consolidated financial statements for the six months ended June 30, 2022, and confirmed compliance with applicable accounting standards and legal requirements[99]. - The audit committee believes that adequate disclosures have been made in the financial statements[99]. - The company has complied with all applicable provisions of the Corporate Governance Code, with minor deviations noted regarding attendance at the annual general meeting[104].
智数科技集团(01159) - 2022 - 中期财报