Financial Performance - The group's revenue for the period was HKD 300,174,000, a decrease of 11.8% from HKD 340,202,000 for the same period last year[9]. - The group reported a loss of HKD 10,933,000 for the period, compared to a loss of HKD 9,931,000 for the same period last year[9]. - Basic and diluted loss per share was HKD 0.049, compared to HKD 0.040 for the same period last year[11]. - The total comprehensive loss for the period was HKD 18,224,000, compared to HKD 18,846,000 for the same period last year[10]. - The company reported a total comprehensive loss of HKD 20,454,000 for the six months ended June 30, 2023, compared to a total comprehensive loss of HKD 18,846,000 in the same period of 2022[16]. - The adjusted loss before tax for the group was HKD 10,934,000, compared to a loss of HKD 11,791,000 for the same period in 2022, indicating a slight improvement[32]. - The group incurred a loss of HKD 14,132,000 for the six months ended June 30, 2023, compared to a loss of HKD 11,596,000 for the same period in 2022[36]. Contract and Revenue Details - The total amount of new contracts signed and supplemented during the period was HKD 259,169,000, a decrease of HKD 182,073,000 or 41.3% compared to HKD 441,242,000 for the same period last year[9]. - The total value of contracts on hand was HKD 1,496,781,000, down HKD 351,836,000 or 19.0% from HKD 1,848,617,000 as of June 30 of the previous year[9]. - Revenue from the Integrated Architectural Design Services segment was HKD 234,974,000, while the BIM Services segment generated HKD 69,168,000[27]. - The revenue from Mainland China was HKD 133,660,000, down from HKD 188,203,000, indicating a significant decline in this market[30]. - The integrated architectural design services segment contributed revenue of HKD 234.97 million, a decrease of 14.4%, with new contracts signed valued at HKD 196.15 million, down 46.1% year-on-year[62]. - The BIM services segment achieved revenue of HKD 69.17 million, an increase of 2.9% from HKD 67.19 million in 2022, despite a decrease in new contract value by 18.7%[65]. Asset and Liability Changes - Non-current assets decreased to HKD 99,214,000 from HKD 121,898,000 as of December 31 of the previous year[13]. - Current assets totaled HKD 691,790,000, down from HKD 712,305,000 as of December 31 of the previous year[13]. - Current liabilities decreased to HKD 274,713,000 from HKD 290,424,000 as of December 31 of the previous year[13]. - As of June 30, 2023, the total non-current liabilities decreased to HKD 22,227,000 from HKD 38,157,000 as of December 31, 2022, representing a reduction of approximately 42%[14]. - The net assets as of June 30, 2023, were HKD 494,064,000, down from HKD 505,622,000 at the end of 2022, indicating a decline of about 2.1%[14]. - The total equity attributable to the owners of the company decreased to HKD 418,269,000 from HKD 438,182,000, reflecting a decrease of approximately 4.5%[14]. Cash Flow and Financing - The operating cash flow before changes in working capital for the six months ended June 30, 2023, was HKD 13,168,000, down from HKD 21,209,000 in the same period of 2022, a decline of about 38%[19]. - The net cash used in operating activities for the six months ended June 30, 2023, was HKD 27,218,000, compared to HKD 35,840,000 in the previous year, showing an improvement of approximately 24%[19]. - The cash and cash equivalents at the end of June 30, 2023, were HKD 116,922,000, down from HKD 143,418,000 at the end of June 30, 2022, a decrease of about 18.5%[19]. - New bank borrowings amounted to HKD 10,000,000 in the first half of 2023, down from HKD 42,000,000 in the same period of 2022, indicating a decrease of approximately 76%[19]. - The group borrowed HKD 10,000,000 in bank loans and repaid HKD 13,622,000 during the six months ended June 30, 2023[13]. Employee and Management Information - The total remuneration for directors and key management personnel was HKD 18,918,000 for the six months ended June 30, 2023, slightly down from HKD 18,923,000 in the same period last year[52]. - The group employed approximately 1,000 full-time employees as of June 30, 2023, a decrease from approximately 1,250 employees as of June 30, 2022[81]. Corporate Governance and Shareholder Information - The company has adopted a code of conduct for securities trading by directors, confirming compliance with the standard code as of June 30, 2023[97]. - The company has adhered to the corporate governance code as per the listing rules during the six months ending June 30, 2023[99]. - The board has decided not to declare an interim dividend for the six months ending June 30, 2023, consistent with the previous year[100]. - Beijing Holdings Group Limited holds 27.57% of the company's issued share capital with 79,473,780 shares[88]. - Rainbow Path International Limited owns 21.57% of the company with 62,198,000 shares[88]. - The total number of share options granted under the share option scheme is 52,300,000, representing approximately 18.14% of the total issued shares as of June 30, 2023[92]. Strategic Outlook - The company plans to leverage opportunities in the Greater Bay Area and enhance digital construction and green development initiatives[72]. - The company aims to modernize work practices in a more environmentally friendly world, focusing on digital transformation as a priority[72]. - The group remains optimistic about achieving the next phase of growth despite the uncertain environment[73]. - The group will continue to explore various strategic options to maximize future investment value in Hong Kong Interconnect[73]. - The group maintains a prudent and flexible financial policy to deliver long-term value returns to shareholders[73].
思城控股(01486) - 2023 - 中期财报