Financial Performance - Total revenue for the six months ended December 31, 2021, was HKD 27,068,000, an increase of 19.8% compared to HKD 22,612,000 for the same period in 2020[2] - Gross profit for the six months ended December 31, 2021, was HKD 4,456,000, representing a gross margin of 16.5%[2] - The company reported a loss of HKD 4,374,000 for the six months ended December 31, 2021, compared to a loss of HKD 3,636,000 for the same period in 2020[2] - The basic loss per share for the six months ended December 31, 2021, was HKD 0.54, compared to HKD 0.38 for the same period in 2020[2] - The company reported a total comprehensive loss of HKD 3,827,000 for the six months ended December 31, 2021, compared to a loss of HKD 3,547,000 for the same period in 2020[5] - The company reported a basic loss attributable to owners of approximately HKD 4,253,000 for the six months ended December 31, 2021, compared to HKD 2,975,000 for the same period in 2020, resulting in a basic loss per share of HKD 0.0054[32] - For the three months ended December 31, 2021, the basic loss attributable to owners was approximately HKD 1,016,000, compared to HKD 241,000 for the same period in 2020[33] Revenue Breakdown - Revenue from external customers for the six months ended December 31, 2021, was HKD 27,068 thousand, down from HKD 33,095 thousand in the same period of 2020, representing a decline of approximately 18.2%[25] - Revenue from the swimwear and apparel segment was approximately HKD 8,740,000, with a gross profit of HKD 2,647,000 and a gross margin of 30.29%[54] - Revenue from the e-commerce and online shopping segment was approximately HKD 17,546,000, with a gross profit of HKD 1,027,000 and a gross margin of 5.85%[55] - The lending segment generated revenue of approximately HKD 782,000, maintaining a gross margin of 100%[57] Expenses and Liabilities - Administrative expenses decreased to HKD 8,612,000 for the six months ended December 31, 2021, down from HKD 11,528,000 in the same period of 2020, reflecting a reduction of 25.5%[2] - The total liabilities as of December 31, 2021, were HKD 28,011,000, an increase from HKD 26,446,000 as of June 30, 2021[6] - The group’s total liabilities as of December 31, 2021, were HKD 32,749 thousand, slightly up from HKD 32,325 thousand as of June 30, 2021[24] - Total liabilities increased to HKD 21,945,000 as of December 31, 2021, compared to HKD 21,079,000 as of June 30, 2021[39] Assets and Cash Flow - The net asset value as of December 31, 2021, was HKD 44,582,000, a decrease from HKD 48,409,000 as of June 30, 2021[8] - The company had total current assets of HKD 73,038,000 as of December 31, 2021, compared to HKD 75,802,000 as of June 30, 2021[6] - Total assets as of December 31, 2021, amounted to HKD 77,331 thousand, a decrease from HKD 80,734 thousand as of June 30, 2021[24] - The cash and cash equivalents at the end of the period decreased to HKD 5,176 thousand from HKD 18,893 thousand at the end of the previous year[12] - The net cash used in operating activities for the six months ended December 31, 2021, was HKD (11,532) thousand, a decrease from HKD 41,986 thousand in the same period of 2020[12] - The group’s cash flow from investing activities was a net outflow of HKD (106) thousand for the six months ended December 31, 2021, compared to an inflow of HKD 3,486 thousand in the same period of 2020[12] Share Capital and Dividends - The company’s issued and fully paid share capital remained at HKD 1,050,000,000 as of December 31, 2021[41] - The company did not declare any dividends for the six months ended December 31, 2021, consistent with the previous year[35] - The company did not recommend the payment of an interim dividend for the six months ended December 31, 2021[58] Employee and Corporate Governance - The group had a total of 98 full-time employees as of December 31, 2021, an increase from 88 employees as of June 30, 2021[61] - The audit committee consists of three independent non-executive directors and has reviewed the unaudited results for the six months ending December 31, 2021[76] - The company has complied with the GEM Listing Rules regarding corporate governance, except for the specific term appointment of non-executive directors[78] - All directors have adhered to the trading standards and the company's code of conduct regarding securities transactions during the reporting period[78] - The company is not aware of any incidents of employees violating the code of conduct regarding securities transactions[79] Market Conditions and Future Plans - The pandemic has significantly impacted the swimwear and apparel segment, leading to a substantial decrease in orders, with ongoing challenges expected[63] - The e-commerce segment has faced supply challenges due to global trade disruptions, but recovery in trade and logistics is anticipated[63] - The group plans to deepen relationships with existing customers and seek new opportunities, particularly in mainland China[63] - The group intends to maintain and develop its lending business, allocating sufficient resources to meet business demands[63] Shareholder Information - Major shareholders include Liu Zhi Yuan with 18.88% and JL Investments Capital Limited with 17.94% of the issued share capital[69] - Wide Select holds 249,225,166 shares, representing 31.56% of the issued share capital[73] - The conversion price for the non-voting convertible preference shares has been adjusted from HKD 1.20 to HKD 1.121 due to a rights issue[74] - The company did not repurchase any shares during the reporting period[75]
荟萃国际(控股)(08041) - 2022 - 中期财报