Financial Performance - The company reported revenue of HKD 19,238,000 for the six months ended June 30, 2023, representing an increase of 4.7% compared to HKD 18,373,000 for the same period in 2022[7]. - The operating loss for the three months ended June 30, 2023, was HKD 223,000, compared to an operating profit of HKD 1,571,000 for the same period in 2022[7]. - The net loss attributable to shareholders for the six months ended June 30, 2023, was HKD 1,593,000, compared to a profit of HKD 1,242,000 for the same period in 2022[7]. - The company reported a decrease in employee costs to HKD 11,381,000 for the six months ended June 30, 2023, from HKD 11,190,000 in the same period of 2022[7]. - The total comprehensive income for the six months ended June 30, 2023, was HKD 1,162,000, compared to HKD 1,242,000 for the same period in 2022[20]. - The company recorded a net loss attributable to owners of the company of HKD 1,593,000 for the six months ended June 30, 2023, compared to a profit of HKD 1,242,000 for the same period in 2022[30]. - The basic loss per share for the six months ended June 30, 2023, was HKD (0.03), compared to earnings of HKD 0.14 for the same period in 2022[7]. Assets and Liabilities - The company's total assets as of June 30, 2023, amounted to HKD 62,921,000, an increase from HKD 61,674,000 as of December 31, 2022[9]. - The company’s non-current assets decreased to HKD 23,160,000 as of June 30, 2023, from HKD 24,501,000 as of December 31, 2022[9]. - The company’s total equity increased to HKD 62,268,000 as of June 30, 2023, compared to HKD 61,028,000 as of December 31, 2022[9]. - Contract assets decreased to HKD 651,000 in June 2023 from HKD 946,000 in December 2022, primarily due to a reduction in completed but unbilled projects[34]. - Contract liabilities increased to HKD 2,483,000 in June 2023 from HKD 3,113,000 in December 2022, driven by an increase in overall installation projects and customer advance payments[35]. - Accounts receivable increased to HKD 5,128,000 in June 2023 from HKD 4,942,000 in December 2022, with a net impairment loss of HKD 622,000[38]. - Accounts payable decreased to HKD 275,000 in June 2023 from HKD 452,000 in December 2022, indicating improved cash flow management[41]. - Total liabilities to total assets ratio improved to approximately 8.8% as of June 30, 2023, down from 11.3% as of December 31, 2022[43]. Cash Flow - Cash and cash equivalents increased to HKD 24,425,000 as of June 30, 2023, compared to HKD 23,325,000 as of December 31, 2022[9]. - The operating cash flow for the six months ended June 30, 2023, was HKD 2,631,000, an increase of 18.2% from HKD 2,225,000 in the previous year[14]. - The company reported a net decrease in cash and cash equivalents of HKD 964,000 for the six months ended June 30, 2023, compared to HKD 1,239,000 in the same period of 2022[14]. - The company’s cash and cash equivalents as of June 30, 2023, were HKD 24,425,000, up from HKD 20,811,000 at the end of June 2022[14]. Revenue Breakdown - The revenue from front-end trading solutions for the six months ended June 30, 2023, was HKD 8,789,000, down 6.2% from HKD 9,366,000 in 2022[20]. - The revenue from back-end settlement solutions for the same period was HKD 5,246,000, an increase of 1.8% from HKD 5,152,000 in 2022[20]. - Revenue recognized from contract liabilities for the six months ended June 30, 2023, was HKD 1,388,000, compared to HKD 1,059,000 for the same period in 2022, reflecting a growth of approximately 31%[36]. - The revenue from installation and customization services increased significantly by approximately 108.4%, from about HKD 1.2 million to approximately HKD 2.5 million for the six months ended June 30, 2023[59]. Expenses - The company's total operating expenses for the six months ended June 30, 2023, amounted to HKD 4,788,000, up 23.1% from HKD 3,891,000 in the same period of 2022[22]. - Other operating expenses for the six months ended June 30, 2023, were approximately HKD 4.8 million, an increase of about 23.1% from approximately HKD 3.9 million for the same period in 2022[67]. - The company incurred a fair value loss on listed equity investments of HKD (234,000) for the six months ended June 30, 2023, compared to a loss of HKD (1,074,000) in the same period of 2022[21]. - The company reported a foreign exchange loss of HKD 547,000 for the six months ended June 30, 2023, compared to a loss of HKD 466,000 in the previous year[11]. Shareholder Information - As of June 30, 2023, the company’s major shareholders include Quantsmile (BVI) Limited with 411,902,870 shares, representing 33.49% of issued shares, and 如鷹企業顧問有限公司 with 664,296,910 shares, representing 54.01%[90]. - The company has a total of 123,000,000 stock options available for grant under its stock option plan, with no options granted since the plan's adoption on January 22, 2019[94]. - The trustee under the share award plan holds 88,280,000 shares as of June 30, 2023, which is part of the company's share reward strategy initiated on August 12, 2019[95]. - The company’s CEO, 盧志豪先生, holds 12,210,010 shares, which is approximately 0.99% of the issued shares, including vested and unvested award shares[88]. - The shareholding structure indicates significant control by major shareholders, with 如鷹企業顧問有限公司 and 好管家基金會 collectively holding 54.01% of the shares[90]. Corporate Governance - The company has adopted and complied with the corporate governance code as per GEM Listing Rules Appendix 15 during the reporting period[102]. - The audit committee reviewed the unaudited condensed consolidated financial results for the six months ended June 30, 2023, confirming compliance with applicable accounting standards and GEM Listing Rules[107]. - The company has no interests in any business that may directly or indirectly compete with its operations as of June 30, 2023[101].
电子交易集团(08036) - 2023 - 中期财报