Financial Performance - The group's revenue for the six months ended June 30, 2023, was approximately HKD 294,400,000, an increase of about 120.9% compared to HKD 133,300,000 for the same period in 2022[5] - The operating loss for the six months was approximately HKD 12,400,000, a significant improvement from an operating loss of HKD 68,500,000 in the same period last year[6] - The net profit for the six months was approximately HKD 22,900,000, a turnaround from a loss of HKD 84,900,000 in the previous year[6] - Total comprehensive income for the six months was HKD 1,665,000, compared to a loss of HKD 116,491,000 in the same period last year[12] - The company reported a net profit of HKD 24,157,000 for the six months ended June 30, 2023, a significant improvement from a loss of HKD 85,194,000 in the same period of 2022[36] Revenue Breakdown - Revenue from lottery and related businesses contributed approximately HKD 92,300,000, while electronic payment and related services in Macau contributed approximately HKD 202,100,000, reflecting increases of HKD 9,900,000 and HKD 151,200,000 respectively[5] - Revenue from external customers in mainland China reached HKD 92,276,000 for the six months ended June 30, 2023, up from HKD 82,358,000 in the same period of 2022, representing a growth of 12.3%[32] - Revenue from external customers in Macau surged to HKD 202,156,000 for the six months ended June 30, 2023, compared to HKD 50,909,000 in the prior year, marking an increase of 295.5%[32] - Revenue from electronic payment services, including card services and e-wallets, increased to HKD 58,785,000 for the six months ended June 30, 2023, compared to HKD 21,501,000 in the same period of 2022, reflecting a growth of approximately 172.5%[28] Expenses and Liabilities - The group reported an increase in employee benefit expenses to approximately HKD 77,300,000, up from HKD 55,466,000 in the previous year[8] - Total operating expenses for the six months ended June 30, 2023, amounted to HKD 166,504,000, significantly higher than HKD 86,341,000 in the same period of 2022, indicating an increase of 92.9%[33] - The company's current liabilities decreased to HKD 1,718,736 from HKD 286,949, indicating a significant reduction in trade payables and other payables[16] - The total liabilities of the company decreased to HKD 3,759,265 from HKD 931,091, reflecting a reduction in non-current liabilities[17] Cash Flow and Assets - The net cash used in operating activities for the six months ended June 30, 2023, was HKD (2,648,831), compared to HKD 1,717,595 generated in the same period last year[22] - The company's cash and cash equivalents decreased by HKD 2,726,901 during the six-month period, with a starting balance of HKD 4,015,110[22] - As of June 30, 2023, the total assets of the company amounted to HKD 6,422,104, a decrease from HKD 3,571,880 in the previous period[14] - The net asset value of the company as of June 30, 2023, was HKD 2,640,789, slightly down from HKD 2,662,839 in the previous period[18] Strategic Focus and Future Plans - The company plans to expand its electronic payment services in Macau, leveraging the growth in digital transactions and e-commerce[29] - The lottery business remains a key focus, with ongoing efforts to enhance hardware sales and related services in mainland China[29] - The company is committed to exploring new technologies and products to strengthen its market position and drive future growth[29] - The group aims to strengthen its infrastructure and platforms to support the digital transformation of financial services in the Greater Bay Area[73] Market and Economic Context - The group experienced a significant increase in tourist numbers in Macau, contributing to the revenue growth in electronic payment services[5] - The electronic payment market in Macau saw mobile payment transactions increase from approximately 193 million in 2021 to about 266 million in 2022, representing a year-on-year growth of approximately 37.8%[51] - The total transaction value in Macau's electronic payment market rose from around MOP 18.52 billion in 2021 to approximately MOP 25.86 billion in 2022, marking a year-on-year increase of about 39.6%[51] - In the first quarter of 2023, Macau's economy recorded a year-on-year real growth of 38.8%, driven by the relaxation of entry quarantine measures and the resumption of tourism[52] Corporate Governance and Shareholder Information - The company has complied with the corporate governance code, with some deviations noted regarding the roles of the chairman and CEO[125] - The company did not hold private meetings between the chairman and independent non-executive directors during the six-month period[126] - The company has adopted new corporate governance practices to enhance transparency and protect shareholder interests[124] - The ownership percentage of the chairman, Mr. Sun Hao, in the company is approximately 17.652%[96]
亚博科技控股(08279) - 2023 - 中期财报