Financial Performance - Revenue for the six months ended December 31, 2022, was HKD 34,565,000, an increase of 28% compared to HKD 27,068,000 for the same period in 2021[4] - Gross profit for the six months ended December 31, 2022, was HKD 5,699,000, representing a 28% increase from HKD 4,456,000 in the previous year[4] - Operating profit improved to HKD 1,760,000 for the six months ended December 31, 2022, compared to an operating loss of HKD 3,934,000 in the same period of 2021[4] - The net loss for the six months ended December 31, 2022, was HKD 2,113,000, a significant reduction from a loss of HKD 4,374,000 in the prior year[4] - Basic earnings per share for the six months ended December 31, 2022, was HKD 0.25, compared to a loss per share of HKD 0.54 in the same period of 2021[4] - The company reported a loss attributable to shareholders of approximately HKD 2,018,000 for the six months ended December 31, 2022, compared to a loss of HKD 4,253,000 in the same period of 2021[26] - For the three months ended December 31, 2022, the company recorded a profit attributable to shareholders of approximately HKD 432,000, compared to a loss of HKD 1,016,000 in the same period of 2021[27] Assets and Liabilities - Total assets as of December 31, 2022, amounted to HKD 66,203,000, an increase from HKD 61,878,000 as of June 30, 2022[7] - Current liabilities increased to HKD 36,142,000 as of December 31, 2022, compared to HKD 29,086,000 as of June 30, 2022[7] - The company's total equity decreased to HKD 31,534,000 as of December 31, 2022, down from HKD 33,040,000 as of June 30, 2022[8] - The group’s total liabilities increased to HKD 38,166 thousand as of December 31, 2022, compared to HKD 32,307 thousand as of June 30, 2022[22] Segment Performance - Revenue from external customers for the e-commerce and online shopping segment was HKD 17,284 thousand, while the swimwear and apparel segment generated HKD 16,534 thousand, totaling HKD 34,565 thousand for the six months ended December 31, 2022, compared to HKD 27,068 thousand in 2021, representing a 28% increase[18][22] - The group reported a total segment profit of HKD 240 thousand for the six months ended December 31, 2022, compared to a segment loss of HKD (1,860) thousand in the same period of 2021[21] - The swimwear and apparel segment generated revenue of approximately HKD 17,284,000, up from HKD 8,740,000 in the same period last year[47] - The e-commerce and online shopping segment reported revenue of approximately HKD 16,534,000, a decrease from HKD 17,546,000 in the previous year[48] Cash Flow and Financing - The net cash used in operating activities for the six months ended December 31, 2022, was HKD (1,235) thousand, an improvement from HKD (11,532) thousand in the same period of 2021[12] - Interest income from lending activities was HKD 747 thousand for the six months ended December 31, 2022, slightly down from HKD 782 thousand in the same period of 2021[22] - The group incurred financing costs of HKD 353 thousand for the six months ended December 31, 2022, compared to HKD 440 thousand in the same period of 2021[23] - The cash and cash equivalents decreased by HKD 3,258 thousand during the six months ended December 31, 2022, compared to a decrease of HKD 13,334 thousand in the same period of 2021[12] Corporate Governance - The company continues to adopt new and revised Hong Kong Financial Reporting Standards without significant impact on the financial statements[15] - The board did not recommend the payment of an interim dividend for the six months ended December 31, 2022[51] - An audit committee has been established to review financial reports and oversee financial reporting procedures[77] - The company has adhered to the corporate governance code as per GEM listing rules during the reporting period[79] Future Outlook and Strategy - The company plans to continue focusing on market expansion and new product development to drive future growth[1] - The group anticipates improvement in the production and sales of swimwear and apparel products as COVID-19 continues to subside globally[61] - The group will continue cost-cutting measures and rationalize production bases to address expected short-term adverse market conditions[61] - The management continues to formulate business strategies to optimize the use of operational and financial resources[61] - The group will consider diversifying its business when suitable opportunities arise[61] Shareholder Information - As of December 31, 2022, major shareholders include Liu Zhi Yuan with 18.83% and JL Investments Capital Limited with 17.87% of issued shares[69] - The total number of issued shares as of December 31, 2022, is 792,745,615[70] - Wide Select Investments Limited holds 31.06% of the issued share capital through convertible non-voting preference shares[73] - The company has issued 182,092,500 non-voting convertible preference shares, with the conversion price adjusted from HKD 0.30 to HKD 0.2803 due to a rights issue[74] - No shares were repurchased, purchased, or sold by the company or its subsidiaries during the reporting period[75]
荟萃国际(控股)(08041) - 2023 - 中期财报