Financial Performance - For the six months ended June 30, 2023, the revenue of Smart Globe Holdings Limited was approximately HKD 45.6 million, a decrease of about 35.8% compared to HKD 71.1 million for the same period in 2022[10]. - The loss attributable to owners of the company for the same period was approximately HKD 5.5 million, compared to a loss of HKD 2.4 million in the previous year[10]. - The gross profit for the period was approximately HKD 8.6 million, down 10.4% from HKD 9.6 million in the first half of 2022[14]. - The company recorded a net loss of approximately HKD 5.5 million for the period, compared to a loss of approximately HKD 2.4 million in the first half of 2022[20]. - Total comprehensive loss for the period was HKD 7,097,000, compared to HKD 5,529,000 in the same period last year, reflecting a worsening financial position[77]. - Basic loss per share for the period was HKD 0.54, compared to HKD 0.24 in the same period of the previous year, indicating a higher loss per share[77]. Revenue Breakdown - Revenue from the book products segment accounted for approximately 94.5% of total revenue, with segment revenue decreasing by 37.3% to approximately HKD 43.1 million from HKD 68.8 million in the previous year[13]. - The decline in revenue was primarily attributed to a decrease in customer orders from the United States and Hong Kong for the book products segment[12]. - Revenue for the six months ended June 30, 2023, was HKD 45,629,000, a decrease of 35.9% compared to HKD 71,057,000 in the same period of 2022[77]. - The company experienced a decrease in book product revenue, which fell to HKD 43,122,000 from HKD 68,764,000, representing a decline of 37.4%[96]. - Revenue from Hong Kong decreased to HKD 20,055,000 from HKD 34,034,000, representing a decline of 41.2% year-over-year[98]. Expenses and Costs - Selling and distribution costs decreased by approximately 29.7% to about HKD 3.0 million, down from HKD 4.3 million in the first half of 2022[18]. - Administrative expenses increased by approximately 32.7% to about HKD 10.6 million, compared to HKD 8.0 million in the previous year, mainly due to legal and professional fees related to corporate actions[19]. - Total employee costs for the period amounted to approximately HKD 17.1 million, down from approximately HKD 23.8 million in the first half of 2022[39]. Assets and Liabilities - As of June 30, 2023, total assets were HKD 142.5 million, down from HKD 150.3 million as of December 31, 2022, representing a decrease of approximately 5.2%[26]. - The company's equity decreased to HKD 124.5 million as of June 30, 2023, from HKD 131.6 million as of December 31, 2022[26]. - Non-current assets decreased to HKD 31,953,000 as of June 30, 2023, from HKD 36,318,000 at the end of 2022[80]. - Current assets increased slightly to HKD 110,559,000 from HKD 106,969,000 at the end of 2022, primarily due to an increase in trade and other receivables[80]. - Trade payables as of June 30, 2023, totaled HKD 9,554,000, an increase of 13.5% from HKD 8,425,000 as of December 31, 2022[112]. Corporate Actions and Governance - The company does not recommend the payment of any interim dividend for the six months ended June 30, 2023, consistent with the previous year[10]. - The company announced the termination of the proposed acquisition of a 30% stake in Hubei Kangshizhen Pharmaceutical Technology Co., Ltd. on July 5, 2023[38]. - The company has no significant capital commitments or contingent liabilities as of June 30, 2023[36]. - The company has complied with the corporate governance code, except for the deviation where the Chairman and CEO roles are held by the same person[63]. - The audit committee consists of three independent non-executive directors, ensuring compliance with corporate governance standards[66]. Future Plans and Strategies - The company aims to diversify revenue sources and reduce business risks by improving marketing strategies and expanding its customer base[21]. - The company plans to enhance overall production efficiency through a one-stop printing platform to prepare for future growth opportunities[21]. - The company plans to utilize the net proceeds for pharmaceutical-related projects by December 31, 2023[47]. Shareholder Information - TeraMetal Holdings Limited acquired 750,000,000 shares, representing 73.53% of the issued shares, for a total consideration of HKD 196.05 million[22]. - The company's public float was restored following a placement of up to 154,260,000 shares completed on August 1, 2023[51]. - The company's shares were suspended from trading on June 21, 2023, and resumed trading on August 2, 2023, after meeting the minimum public float requirement[115].
竣球控股(01481) - 2023 - 中期财报