Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 11,506,000, a decrease of 4.6% compared to HKD 12,060,000 for the same period in 2021[4] - Gross profit for the six months ended June 30, 2022, was HKD 9,359,000, down 7% from HKD 10,064,000 in the previous year[4] - The net loss for the six months ended June 30, 2022, was HKD 13,251,000, compared to a loss of HKD 9,455,000 for the same period in 2021, representing a 40% increase in losses[4] - The total comprehensive loss for the six months ended June 30, 2022, was HKD 13,251,000, compared to HKD 9,535,000 for the same period in 2021, marking a 39.5% increase in total losses[7] - The company reported a basic and diluted loss per share of HKD 0.03 for the six months ended June 30, 2022, compared to HKD 0.07 for the same period in 2021[4] - The company recorded a total loss of HKD (40,746,000) attributable to owners for the six months ended June 30, 2022, compared to a loss of HKD (27,495,000) for the same period in 2021[11] Revenue Breakdown - The financial services segment generated revenue of HKD 6,327,000, down 9.8% from HKD 7,014,000 in the previous year[22] - Revenue from major customer A in the financial services segment was HKD 3,514,000 for the six months ended June 30, 2022, representing a significant contribution to total revenue[31] - Financial services revenue for the six months ended June 30, 2022, was approximately HKD 6,300,000, a decrease from HKD 7,000,000 for the same period in 2021, with segment profit dropping to HKD 2,700,000 from HKD 4,200,000[87] - Corporate finance advisory services and asset management services generated revenues of approximately HKD 2,000,000 and HKD 3,500,000, respectively, accounting for about 17.4% and 30.4% of total group revenue[87] - The trade business segment reported revenue of HKD 2,534,000, an increase of 11.1% from HKD 2,281,000 in the same period of 2021[22] - The corporate consulting business recorded revenue of approximately HKD 2,600,000 for the six months ended June 30, 2022, compared to HKD 2,800,000 for the same period in 2021, with segment profit improving to HKD 800,000 from a loss of HKD 100,000[93] - Trade business revenue for the six months ended June 30, 2022, was approximately HKD 2,500,000, an increase from HKD 2,300,000 in the same period of 2021, but with a segment loss of HKD 500,000 compared to a loss of HKD 200,000 in 2021[94] Expenses and Liabilities - Operating and administrative expenses increased to HKD 16,101,000 for the six months ended June 30, 2022, from HKD 16,125,000 in the previous year[4] - The total non-current liabilities increased to HKD 97,500,000 as of June 30, 2022, compared to HKD 92,942,000 as of December 31, 2021[11] - The liability portion of convertible bonds increased to HKD 92,028,000 as of June 30, 2022, from HKD 85,557,000 as of December 31, 2021[76] Cash Flow and Assets - The company reported a net cash outflow from operating activities of HKD (7,918,000) for the six months ended June 30, 2022, compared to a cash inflow of HKD 954,000 in the same period of 2021[16] - Cash and bank balances in general accounts were HKD 23,686,000 as of June 30, 2022, down from HKD 36,360,000 as of December 31, 2021, a decrease of approximately 35%[69] - As of June 30, 2022, total assets amounted to HKD 78,319,000, a decrease of 11.8% from HKD 88,890,000 as of December 31, 2021[27] - Total current assets decreased to HKD 51,576,000 as of June 30, 2022, down from HKD 62,386,000 as of December 31, 2021, reflecting a decline of 17.3%[9] - The cash and cash equivalents decreased to HKD 23,686,000 at the end of June 30, 2022, down from HKD 26,078,000 at the end of the previous year[16] Shareholder and Equity Information - The company did not declare or pay an interim dividend for the six months ended June 30, 2022, consistent with the previous year[43] - The company reported a basic and diluted loss per share of HKD 0.012 (5,822,000) for the six months ended June 30, 2022, compared to a loss of HKD 0.038 (5,184,000) for the same period in 2021[45] - The weighted average number of ordinary shares for the calculation of basic and diluted loss per share was 485,062,000 shares for the six months ended June 30, 2022, significantly up from 136,055,000 shares for the same period in 2021[45] - The total number of issued shares as of June 30, 2022, is 485,062,283[146] - The company’s directors and senior management held a total of 241,948,173 shares, representing approximately 49.88% of the total issued share capital of 485,062,283 shares as of June 30, 2022[140][141] Strategic Initiatives and Future Plans - The company plans to continue focusing on expanding its financial services and consulting segments to improve overall performance[24] - The group plans to expand its client base and strengthen corporate finance advisory, asset management, and lending services, while exploring opportunities in capital raising activities[102] - The group completed the acquisition of NOIZChain Limited on July 4, 2022, aiming to leverage potential growth in financial technology and create synergies with existing services[101] - The board is actively taking measures to mitigate the impact of COVID-19 on trade operations, including trading through online platforms[104] Compliance and Governance - The company has complied with the corporate governance code as per GEM Listing Rules, except for the deviation regarding the roles of Chairman and CEO being held by the same individual[153] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited interim results for the six months ending June 30, 2022, ensuring compliance with applicable accounting standards and GEM Listing Rules[156]
声扬集团(08163) - 2022 - 中期财报