Financial Performance - The group's unaudited consolidated revenue for the six months ended June 30, 2023, was approximately HKD 9,850,000, a decrease of about 13% compared to HKD 11,287,000 for the same period in 2022[5] - The unaudited consolidated loss attributable to owners of the company from continuing and discontinued operations for the six months ended June 30, 2023, was approximately HKD 4,396,000, compared to HKD 5,309,000 for the same period in 2022[5] - The basic and diluted loss per share from continuing and discontinued operations for the six months ended June 30, 2023, was approximately HKD 0.09, compared to HKD 0.11 for the same period in 2022[5] - The group recorded a gross profit of HKD 1,800,000 for the six months ended June 30, 2023, down from HKD 2,504,000 in the same period of 2022[6] - The group reported a net loss from continuing operations of HKD 5,816,000 for the six months ended June 30, 2023, compared to HKD 6,648,000 for the same period in 2022[6] - The company reported a total comprehensive loss of HKD (6,273,000) for the six months ended June 30, 2023, compared to a loss of HKD (5,666,000) in the same period of 2022[12] - The total loss from continuing operations for the six months ended June 30, 2023, was HKD 5,816,000, compared to a loss of HKD 6,991,000 for the same period in 2022, indicating an improvement[24] Assets and Liabilities - Total assets less current liabilities as of June 30, 2023, amounted to HKD 22,362,000, compared to HKD 27,727,000 as of December 31, 2022[8] - As of June 30, 2023, the company's total equity attributable to owners decreased to HKD 23,016,000 from HKD 27,396,000 as of December 31, 2022, representing a decline of approximately 16.5%[10] - The total assets as of June 30, 2023, were HKD 33,083,000, down from HKD 41,364,000 as of December 31, 2022[26] - The total liabilities as of June 30, 2023, were HKD 11,022,000, a decrease from HKD 13,637,000 as of December 31, 2022[28] - The company has no bank borrowings or loans as of June 30, 2023, resulting in a capital debt ratio of zero[53] Cash Flow and Expenses - The group's cash and bank balances as of June 30, 2023, were HKD 20,516,000, a decrease from HKD 28,203,000 as of December 31, 2022[8] - The net cash used in operating activities for the six months ended June 30, 2023, was HKD (7,646,000), an improvement from HKD (13,703,000) in the same period of 2022[13] - The company's cash and cash equivalents decreased to HKD 20,516,000 as of June 30, 2023, down from HKD 33,555,000 at the end of the previous year, reflecting a reduction of approximately 38.8%[13] - The total employee cost for the six months ended June 30, 2023, was approximately HKD 5.2 million, down from HKD 5.9 million for the same period in 2022[62] - The group's administrative expenses for the six months ended June 30, 2023, were HKD 7,001,000, down from HKD 9,702,000 in the same period of 2022[6] Business Operations - The company terminated its sports training services business in April 2022, which may have impacted revenue streams[20] - The company has terminated its fintech services business, which did not generate any revenue for the six months ended June 30, 2023, consistent with the previous year[46] - The sports training business was also classified as discontinued, with no revenue generated for the six months ended June 30, 2023, compared to HKD 66,000 for the same period in 2022[48] - The company reported a loss of HKD 2,694,000 from its retail and lottery businesses combined for the six months ended June 30, 2023[24] - The company continues to evaluate new strategies for market expansion and product development to enhance future performance[18] Shareholding and Governance - As of June 30, 2023, Mr. Sun Haitao holds 108,159,464 shares in 51 Credit Card, representing approximately 7.96% of the issued shares[65] - The total shares held by Mr. Sun Haitao and related entities amount to 301,222,736 shares, which is about 22.18% of the issued shares[65] - 51 Credit Card and its related entities collectively own 1,834,963,213 shares, accounting for 39.16% of the total issued shares[69] - The company is currently seeking suitable candidates to fill the CEO position to comply with corporate governance codes[73] - The company has adhered to all corporate governance codes as per GEM listing rules, except for the separation of the roles of Chairman and CEO[73] Compliance and Audit - The audit committee reviewed the unaudited consolidated performance for the six months ending June 30, 2023, confirming compliance with applicable accounting standards and GEM listing rules[76] - The company has adopted a relaxed code of conduct for directors regarding securities trading, with no violations reported for the six months ending June 30, 2023[75] - The company has not yet applied new accounting standards that have been issued but not yet effective, and is currently assessing their potential impact[16]
中彩网通控股(08071) - 2023 - 中期财报