Financial Performance - For the six months ended June 30, 2022, the group's revenue was approximately HKD 89.8 million, an increase of 20.2% compared to the same period last year[5]. - The group recorded a gross profit of approximately HKD 9.9 million for the six months ended June 30, 2022, down from HKD 20.7 million in the same period last year[5]. - The loss attributable to owners of the company for the six months ended June 30, 2022, was approximately HKD 105.4 million, compared to HKD 69.7 million for the same period last year[5]. - The basic loss per share for the six months ended June 30, 2022, was HKD 4.24, compared to HKD 2.83 for the same period last year[5]. - The total comprehensive loss for the six months ended June 30, 2022, was HKD 69.6 million, compared to HKD 61.3 million for the same period last year[9]. - The company reported a net loss of HKD 57,463,000 for the six months ended June 30, 2022, compared to a net loss of HKD 48,746,000 for the same period in 2021[48][50]. - The company reported a pre-tax loss of HKD 104,643,000 for the period, with income tax expenses of HKD 1,242,000[38]. Equity and Dividends - As of June 30, 2022, the total equity attributable to owners of the company was approximately HKD 2,027.2 million, down from HKD 2,096.3 million as of December 31, 2021[5]. - The board of directors did not recommend the payment of an interim dividend for the six months ended June 30, 2022[5]. - The total equity attributable to owners of the company decreased to HKD 2,027,220 thousand from HKD 2,096,274 thousand, a decline of approximately 3.3%[12]. - The company did not declare an interim dividend for the period[160]. Assets and Liabilities - Total assets as of June 30, 2022, amounted to HKD 2,457,182,000, an increase from HKD 2,505,444,000 as of December 31, 2021[42][43]. - Total liabilities as of June 30, 2022, were HKD 436,532,000, compared to HKD 415,227,000 as of December 31, 2021, indicating an increase in liabilities[42][43]. - Total current assets decreased to HKD 1,095,061 thousand from HKD 1,247,533 thousand, representing a decline of about 12.2%[10]. - Total liabilities increased to HKD 412,127 thousand from HKD 389,329 thousand, indicating a rise of about 5.8%[12]. - Net assets decreased to HKD 2,020,650 thousand from HKD 2,090,217 thousand, reflecting a decline of approximately 3.3%[12]. Cash Flow - For the six months ended June 30, 2022, the net cash used in operating activities was HKD (112,238,000), compared to a net cash generated of HKD 71,635,000 in the same period of 2021[17]. - The net cash generated from investment activities was HKD 101,567,000, slightly down from HKD 106,774,000 in the previous year[17]. - The net cash used in financing activities was HKD (11,254,000), a significant decrease from HKD 127,309,000 in the prior year[17]. - The cash and cash equivalents at the end of the reporting period decreased to HKD 319,592,000 from HKD 485,955,000 in the previous year[17]. Investment and Assets Valuation - The fair value of investment properties was reported at HKD 887,236,000, with HKD 796,848,000 classified under Level 3 fair value measurement[24]. - The fair value of financial assets measured at fair value through profit or loss decreased by HKD 33,081,000 during the period[28]. - The fair value of the company's investments in private equity funds was approximately HKD 14,794,000 as of June 30, 2022, down from HKD 51,110,000 at the end of 2021[82]. - The total fair value of non-listed equity securities was approximately HKD 222,188,000 as of June 30, 2022[89]. Segment Performance - The segment performance for the information appliances division showed a loss of HKD 9,848,000, while the IDC segment reported a loss of HKD 3,903,000[38]. - The revenue from the information electronics business for the six months ended June 30, 2022, was HKD 82,055,000, compared to HKD 54,342,000 for the same period in 2021, marking an increase of approximately 51%[48]. - The IDC business revenue recorded approximately HKD 7.0 million, a significant decline of 65.7% from HKD 20.4 million in the previous fiscal year[129]. - The investment segment recorded a loss of approximately HKD 87.2 million during the period, compared to a loss of about HKD 52.3 million in the same period last year, mainly due to the unresolved Russia-Ukraine crisis and the collapse of Terra (Luna) and TerraUSD (UST)[125]. Operational and Strategic Developments - The company plans to expand its market presence in China, Hong Kong, Australia, and other overseas markets, focusing on enhancing its service offerings[44]. - The group plans to strengthen risk assessment and adopt more conservative cost-saving policies in response to the economic downturn caused by the resurgence of COVID-19[122]. - The group has further invested in mining machines for Bitcoin mining, indicating a strategic move towards digital assets[125]. Shareholder Information - The company’s major shareholder, Unicorn Resources Inc., holds 741,379,800 shares, representing 29.80% of the total issued share capital[175]. - The company’s directors and senior management collectively own 4,604,000 shares, accounting for 0.19% of the total issued share capital[172]. - The total number of shares as of June 30, 2022, is 2,487,704,800 shares[179]. Compliance and Governance - The board has established an audit committee consisting of three independent non-executive directors[184]. - The audit committee has reviewed the financial statements and confirmed compliance with applicable accounting standards[186]. - The company has complied with all applicable laws and regulations in China, Hong Kong, and the United States during the reporting period[158].
裕兴科技(08005) - 2022 - 中期财报