Financial Performance - The Group recorded revenue of approximately HK$118.1 million for the six months ended 30 June 2023, an increase of 9.3% compared to HK$108.1 million for the same period in 2022[9]. - Overall gross profit decreased to approximately HK$14.6 million, representing a decrease of 37.1% from approximately HK$23.2 million for the six months ended 30 June 2022[9]. - The Group reported a consolidated net loss of approximately HK$4.6 million for the Period, compared to a net profit of approximately HK$7.9 million for the same period in 2022[10]. - Revenue for the six months ended 30 June 2023 was approximately HK$118.1 million, an increase of 9.1% compared to HK$108.1 million for the same period in 2022[27]. - The loss for the period attributable to owners of the Company was HK$5.4 million for the six months ended June 30, 2023, compared to a profit of HK$6.3 million in the same period in 2022[63]. - The total comprehensive expense for the period was HK$15.5 million, significantly lower than the total comprehensive income of HK$0.1 million in the same period of 2022[67]. - The total loss for the period was HK$4,568,000, compared to a profit of HK$7,881,000 for the same period in 2022[100]. Revenue Breakdown - Revenue from financial services and consumer goods business contributed approximately HK$93.6 million to the Group for the six months ended 30 June 2023[10]. - Revenue from construction and ancillary services decreased by 42.3% to approximately HK$24.6 million, down from approximately HK$42.6 million in the prior year[28]. - Consumer goods business revenue increased by 43.4% to approximately HK$93.6 million, accounting for 79.2% of total revenue[34]. - Financial services segment reported no revenue for the current period, compared to HK$337,000 in the previous year[96]. - The construction and ancillary services segment reported a revenue of HK$24,563,000, down 42.4% from HK$42,560,000 in the previous year[108]. - The consumer financial services segment generated revenue of HK$93,550,000, an increase of 43.4% compared to HK$65,241,000 in the prior year[108]. Cash and Liquidity - As of 30 June 2023, the Group had total cash and bank balances of approximately HK$55.3 million, up from approximately HK$52.5 million at the end of 2022[51]. - The net current assets as of June 30, 2023, were approximately HK$323.0 million, up from HK$219.1 million as of December 31, 2022, reflecting a strong liquidity position[58]. - Cash and cash equivalents at the end of the period were HK$54,264,000, up from HK$22,166,000 at the end of June 2022[77]. - Cash used in operating activities amounted to HK$142,670,000 for the six months ended June 30, 2023, compared to HK$13,747,000 for the same period in 2022[75]. - Cash and bank balances amounted to HK$55,278,000 as of June 30, 2023, up from HK$52,490,000 as of December 31, 2022, showing a 5.4% increase[156]. Assets and Liabilities - The Group's net current assets increased to approximately HK$323.0 million, compared to approximately HK$219.1 million as of 31 December 2022[52]. - The gearing ratio increased to approximately 19.2% as of 30 June 2023, up from approximately 16.8% at the end of 2022[53]. - The asset-liability ratio as of June 30, 2023, was approximately 19.2%, an increase from 16.8% as of December 31, 2022[58]. - Trade receivables increased to HK$65,246,000 as of June 30, 2023, compared to HK$29,652,000 as of December 31, 2022, representing a growth of 120%[15]. - The allowance for expected credit losses rose to HK$1,902,000 from HK$635,000, indicating a significant increase in credit risk management[15]. - Trade payables decreased significantly to HK$4,794,000 from HK$36,853,000, a reduction of 87%[158]. Business Strategy and Outlook - The economic environment in Hong Kong and the PRC is gradually recovering, which is expected to enhance business performance[11]. - The Group plans to commence more construction projects in Hong Kong to maintain a stable revenue stream in 2023[11]. - The Group aims to maximize shareholder value by exploring new business opportunities in consumer goods and other sectors[12]. - The expected recovery in business activities is anticipated to positively impact the Group's performance moving forward[11]. - The Group's pragmatic approach in executing business strategies will continue to focus on broadening the revenue and profit base[12]. Shareholder Information - The Group did not recommend the payment of an interim dividend for the six months ended June 30, 2023, consistent with the previous year where no dividend was declared[129]. - The Company did not declare an interim dividend for the six months ended June 30, 2023, consistent with the previous year[178]. - No share options have been granted under the Share Option Scheme as of June 30, 2023[177]. - The maximum number of Shares that may be allotted under the Share Option Scheme must not exceed 30% of the total number of Shares in issue[185]. - Each Eligible Participant under the Share Option Scheme must not exceed 1.0% of the total number of Shares in issue[189].
旷逸国际(01683) - 2023 - 中期财报