Financial Performance - Revenue for the three months ended June 30, 2022, was HK$21,089,000, a decrease of 13.3% compared to HK$24,307,000 in the same period of 2021[11] - Gross profit for the six months ended June 30, 2022, was HK$36,596,000, representing an increase of 22.9% from HK$29,786,000 in the corresponding period of 2021[11] - The net loss for the three months ended June 30, 2022, was HK$3,588,000, compared to a profit of HK$1,890,000 in the same period of 2021[11] - Basic loss per share for the three months ended June 30, 2022, was HK$0.79, compared to earnings of HK$0.24 per share in the same period of 2021[11] - Total comprehensive loss for the period was HK$3,720,000 for the three months ended June 30, 2022, compared to a comprehensive income of HK$1,744,000 in the same period of 2021[15] - The company reported a net loss for the period, with accumulated losses reaching HK$1,301,991,000 as of June 30, 2022[26] - The company recorded a net profit of approximately HK$450,000 for the Period, a significant decrease from approximately HK$2,761,000 in 2021[198] - The net loss attributable to owners of the Company was approximately HK$2,939,000 for the Period, compared to a net profit of approximately HK$910,000 for the corresponding period in 2021[199] Revenue Breakdown - Revenue from the sale of computer and mobile phone software and toolbar advertisement for the six months ended 30 June 2022 was HK$42,797,000, an increase of 18.5% compared to HK$36,234,000 for the same period in 2021[49] - Revenue from the provision of corporate management solutions and I.T. contract services for the six months ended 30 June 2022 was HK$9,919,000, a decrease of 25.5% compared to HK$13,219,000 for the same period in 2021[49] - Revenue from the e-commerce business, which involves the operation of a business-to-customer online sales platform and business-to-business product trading, was HK$1,715,000 for the six months ended 30 June 2022, compared to HK$155,000 for the same period in 2021[49] - Total revenue from contracts with customers for the six months ended 30 June 2022 was HK$54,431,000, an increase of 9.1% compared to HK$49,608,000 for the same period in 2021[49] Expenses and Costs - Selling and administrative expenses for the six months ended June 30, 2022, totaled HK$30,587,000, an increase from HK$31,439,000 in the same period of 2021[11] - Staff costs for the six months ended June 30, 2022, totaled HK$6,484,000, down from HK$7,367,000 in 2021, reflecting a reduction of approximately 12%[58] - The finance costs for the six months ended June 30, 2022, amounted to HK$84,000, compared to HK$165,000 in 2021, showing a decrease of approximately 49%[58] - The total administrative expenses for the six months ended June 30, 2022, were significantly impacted by the amortization of intangible assets, which totaled HK$17,413,000[58] - Other corporate expenses during the Period amounted to approximately HK$5,759,000, slightly increasing from approximately HK$5,636,000 in 2021[198] Assets and Liabilities - As of June 30, 2022, total assets less current liabilities amounted to HK$267,256,000, a slight decrease from HK$269,838,000 as of December 31, 2021[18] - Net current assets were reported at HK$95,720,000, down from HK$103,469,000 at the end of 2021, indicating a decrease of approximately 7.5%[18] - Total equity decreased to HK$250,211,000 as of June 30, 2022, from HK$252,478,000 at the end of 2021, reflecting a decline of approximately 0.9%[25] - Total liabilities as of June 30, 2022, were HK$58,844,000, compared to HK$57,033,000 as of December 31, 2021, indicating an increase in liabilities[110] - Trade and other receivables decreased to HK$19,334,000 from HK$27,994,000, a decline of approximately 30.9%[18] Segment Performance - The segment profit for the Software Business was HK$11,861,000, while the Securities Investment Business reported a loss of HK$3,516,000[89] - The Corporate Management Solutions and I.T. Contract Services Business generated revenue of HK$9,919,000, with a segment profit of HK$393,000[89] - The B2C Online Sales Platform and B2B Product Trading Business reported revenue of HK$1,715,000, resulting in a segment loss of HK$895,000[89] - The Software Business recorded a revenue of approximately HK$42,797,000 for the period, representing an increase of approximately 18.1% compared to HK$36,234,000 in the corresponding period of 2021[168] - The Securities Investment Business recorded a segment loss of approximately HK$3,516,000, a turnaround from a profit of approximately HK$5,190,000 in 2021, primarily due to a net fair value loss of approximately HK$3,662,000[186] Strategic Initiatives - The company aims to enhance its market presence and explore new product development strategies in the upcoming quarters[11] - The company continues to invest in research and development to enhance network security and product innovation, with new software versions expected to launch in late 2022[171] - The company is focusing on expanding its distribution channels in emerging markets, particularly in the Asia-Pacific region[170] - The Group aims to expand its customer base in the Corporate Management Solutions segment to improve financial performance despite challenging market conditions[181] - The Group plans to carefully control costs and increase product variety in the B2C Online Sales Platform as business opportunities arise[183] Government Support and Grants - The company received government grants of HK$248,000 during the period, aimed at supporting employee retention under the Employment Support Scheme[52] - The company is required to utilize all funding from the government grants for employee wages during the subsidy period, with no redundancies allowed[53] Fair Value and Financial Assets - The fair value of unlisted equity securities decreased to HK$919,000 from HK$1,067,000[122] - The total fair value of financial assets at FVTPL was HK$22,417,000, while the total for financial assets at FVTOCI was HK$5,481,000, resulting in a combined total of HK$27,898,000[153] - The total losses recognized in profit or loss for financial assets at FVTPL amounted to HK$169,000 for the six months ended June 30, 2022[155]
智易控股(08100) - 2022 - 中期财报