Financial Performance - Total revenue for the six months ended June 30, 2023, was HKD 12,591, a decrease of 21.1% compared to HKD 16,009 for the same period in 2022[17] - Gross profit for the same period was HKD 3,213, representing a gross margin of 25.5%, compared to HKD 1,969 and a margin of 12.3% in 2022[17] - The company reported a net profit attributable to owners of HKD 493 for the three months ended June 30, 2023, compared to a loss of HKD 431 in the same period of 2022[17] - Basic and diluted earnings per share for the six months ended June 30, 2023, was HKD 0.017, an improvement from a loss of HKD 0.129 in 2022[17] - The company reported a net loss of HKD 38,000 for the six months ended June 30, 2023, compared to a net loss of HKD 2,007,000 in the same period of 2022[27] - The company achieved breakeven during the reporting period, compared to a loss of HKD 2,000,000 in 2022[93] Assets and Liabilities - Total non-current assets amounted to HKD 5,299 as of June 30, 2023, compared to HKD 5,486 as of December 31, 2022[19] - Current assets increased to HKD 21,790 as of June 30, 2023, from HKD 16,707 as of December 31, 2022[19] - Current liabilities rose to HKD 21,938 as of June 30, 2023, compared to HKD 16,969 as of December 31, 2022[19] - The company reported a net asset value of HKD 5,151 as of June 30, 2023, down from HKD 5,224 as of December 31, 2022[19] - Total assets as of June 30, 2023, amounted to HKD 27,089,000, compared to HKD 26,105,000 in the previous year, showing an increase of approximately 3.8%[28] - The total liabilities as of June 30, 2023, were HKD 21,938,000, an increase from HKD 20,458,000 in the previous year, indicating a rise of approximately 7.2%[28] Revenue Breakdown - Revenue from Hong Kong decreased to HKD 2,410,000, down 18.4% from HKD 2,954,000 in the previous year[52] - Revenue from the United States significantly dropped to HKD 1,334,000, a decline of 70.5% from HKD 4,513,000 in the same period last year[52] - The reported segment profit for the home goods business was HKD 340,000, down from HKD 1,411,000 in the previous year, indicating a decrease of about 76.0%[27] - The segment profit for the decorative products business was HKD 1,281,000, down from HKD 393,000 in the previous year, reflecting a decrease of approximately 226.2%[27] Expenses and Costs - Administrative expenses for the six months ended June 30, 2023, were HKD 3,082, an increase from HKD 2,931 in 2022[17] - The company incurred finance costs of HKD 1,014,000 for the six months ended June 30, 2023, compared to HKD 538,000 in the same period of 2022, representing an increase of about 88.5%[32] Cash Flow and Investments - Cash and cash equivalents at the end of the period were HKD 4,052,000, down from HKD 4,960,000 at the beginning of the period, reflecting a decrease of approximately 18.2%[24] - The group recorded a net cash outflow of HKD 900,000 during the reporting period, compared to a net inflow of HKD 1,200,000 in 2022[70] - The group completed the acquisition of property, plant, and equipment valued at HKD 2,500,000 during the reporting period[61] - The group has no significant capital commitments outstanding as of June 30, 2023[73] - There were no major investments or acquisitions made during the reporting period[74] Dividends and Future Outlook - The company did not recommend the payment of an interim dividend for the reporting period, consistent with the previous year[38] - The company expects ongoing global economic uncertainty to impact business operations, including challenges from U.S.-China tensions and rising global interest rates[95] - The company believes its improved financial condition will strengthen its business foundation for stable performance in the coming years[95] - The company has not proposed any interim dividend for the reporting period[99] Audit and Governance - The audit committee consists of three independent non-executive directors, chaired by Ms. Peng Jing Si, ensuring the accuracy and fairness of the group's financial statements and reports[106] - The audit committee reviews the group's financial control, internal control, and risk management systems[106] - Sufficient resources are provided to the audit committee to fulfill its responsibilities[106] Other Information - The group continues to explore opportunities in the financial services sector, which has been inactive for the past two years[69] - The group has no foreign currency hedging policy due to stable exchange rates of its major currencies[70] - No significant events occurred after the reporting period that would impact the financial statements[92]
曼妠(08186) - 2023 - 中期财报