Financial Performance - The group's revenue for the six months ended June 30, 2022, was approximately HKD 133,300,000, an increase of about 71.0% compared to HKD 77,900,000 for the same period in 2021[5]. - The operating loss for the six months was approximately HKD 68,500,000, compared to HKD 55,000,000 for the same period in 2021, reflecting an increase in operating loss[5]. - The net loss for the six months was approximately HKD 84,900,000, a 94.6% increase from HKD 43,700,000 in the same period of 2021[5]. - The total comprehensive loss for the six months was approximately HKD 116,491,000, compared to a loss of HKD 37,027,000 for the same period in 2021[9]. - Basic and diluted loss per share for the six months was HKD 0.74, compared to HKD 0.38 for the same period in 2021[9]. - The company reported a loss attributable to owners of approximately HKD 85,194,000 for the six months ended June 30, 2022, compared to a loss of HKD 43,584,000 for the same period in 2021, representing a deterioration of 95%[27]. Revenue Sources - The revenue contribution from the newly acquired subsidiary in Macau, Macau Tong, was approximately HKD 50,700,000 since its consolidation on March 24, 2022[5]. - Lottery hardware sales reached HKD 53,557,000 for the six months ended June 30, 2022, compared to HKD 39,726,000 in the same period of 2021, marking a 35% increase[18]. - Electronic payment services generated revenue of HKD 46,650,000 for the six months ended June 30, 2022, with no revenue reported in the same period of 2021, indicating a new revenue stream[21]. - Revenue from external customers for the first half of 2022 reached HKD 133,267,000, a significant increase from HKD 77,931,000 in the same period of 2021, representing a growth of approximately 71%[24]. Assets and Liabilities - As of June 30, 2022, total assets increased to HKD 6,041,090 thousand, up from HKD 3,081,673 thousand as of December 31, 2021, representing a growth of 96.3%[10]. - Total liabilities increased to HKD 3,281,023 thousand from HKD 195,533 thousand, indicating a significant rise in financial obligations[12]. - The company's equity decreased to HKD 2,760,067 thousand from HKD 2,886,140 thousand, a decline of 4.4%[12]. - Cash and bank balances surged to HKD 3,013,991 thousand, compared to HKD 1,638,143 thousand at the end of 2021, reflecting an increase of 83.7%[10]. Operational Changes - The company completed the acquisition of 100% equity in Macau Tong Group on March 24, 2022, with a total consideration of HKD 778 million[37]. - The restructuring of internal reporting to reflect the new operational segments of lottery and electronic payment services aims to better align with resource allocation and performance evaluation[19]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24]. Employee and Operational Costs - Employee benefit expenses decreased by approximately 25.9% to HKD 55,500,000 during the six-month period[5]. - Marketing and distribution expenses surged to HKD 38,182,000 in the first half of 2022, up from HKD 13,141,000 in the same period of 2021, reflecting a 190% increase[25]. - The company’s management compensation for the period was HKD 3.9 million, a decrease from HKD 4.654 million in the previous year[46]. Investment and Financing - The company reported a cash inflow from investment activities of HKD 113,347 thousand in the first half of 2021, which turned into a cash outflow of HKD 146,016 thousand in the first half of 2022[15]. - The company issued convertible term loans totaling HKD 34,057,000 during the six months ended June 30, 2022, with a fair value loss of HKD 26,641,000 recognized[33]. - The company plans to invest in the development and promotion of online gaming and entertainment content, with no significant deviations from the intended use of funds[87]. Market Trends and Future Outlook - The total sales of China's lottery during the six-month period reached approximately RMB 182 billion, an increase of about 2% compared to the same period in 2021[49]. - The company aims to expand its hardware business into non-lottery sectors, leveraging its R&D capabilities in lottery hardware[48]. - The group plans to explore opportunities in the domestic sinking market and improve user experience through customized features on its lottery channels[69]. Corporate Governance - The company has adopted the corporate governance code as per GEM listing rules and has complied with it, with some deviations noted[119]. - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements for the six-month period[109]. - The company did not declare any dividend policy due to the lack of distributable reserves as per Bermuda law[122].
亚博科技控股(08279) - 2022 - 中期财报