Financial Performance - The group recorded revenue of approximately HKD 21.2 million for the six months ended June 30, 2023, a decrease of about 7.8% compared to HKD 23.0 million in the same period of 2022[4]. - The group achieved a profit attributable to equity holders of approximately HKD 2.1 million for the six months ended June 30, 2023, compared to a loss of approximately HKD 1.1 million in the same period of 2022[4]. - Revenue for the six months ended June 30, 2023, was HKD 21,156,000, a decrease of 7.85% compared to HKD 22,958,000 for the same period in 2022[58]. - The net profit for the six months ended June 30, 2023, was HKD 2,031,000, compared to a loss of HKD 1,277,000 for the same period in 2022, indicating a significant turnaround[58]. - The total comprehensive income for the six months ended June 30, 2023, was HKD 1,893,000, compared to a loss of HKD 1,860,000 for the same period in 2022[58]. - For the six months ended June 30, 2023, the company reported a profit attributable to equity holders of HKD 2,057,000, compared to a loss of HKD 1,085,000 for the same period in 2022, representing a significant turnaround[93]. Revenue Breakdown - Revenue from online backup software and related services decreased by approximately HKD 2.4 million or 11.6% to approximately HKD 18.2 million from HKD 20.6 million for the same period[23]. - Revenue from the information platform increased by approximately HKD 0.5 million or 20.8% to approximately HKD 2.9 million from HKD 2.4 million for the same period[23]. - Revenue from online backup software and related services was HKD 18,229,000, down from HKD 20,568,000 in the previous year, representing a decline of 11.3%[76]. - The segment profit (loss) for online backup software and related services was a loss of HKD 2,082,000, compared to a loss of HKD 2,420,000 in the same period last year[76]. - The company reported software maintenance service revenue of HKD 10,046,000 for the six months ended June 30, 2023, down from HKD 10,793,000 in the same period of 2022, reflecting a decline of 6.9%[101]. Cost Management - Employee costs decreased by approximately HKD 2.4 million or 14.0% to about HKD 14.8 million for the six months ended June 30, 2023, primarily due to cost control measures including team restructuring[8]. - The total employee count as of June 30, 2023, is 65, a decrease from 81 employees as of June 30, 2022, primarily due to team restructuring[44]. - The total director and employee costs for the six months ended June 30, 2023, amounted to approximately HKD 14.7 million, a decrease of about HKD 2.5 million compared to the same period in 2022[44]. - Employee costs for the six months ended June 30, 2023, totaled HKD 14,750,000, down 14.49% from HKD 17,246,000 in the same period of 2022[58]. - Research and development costs included in employee costs were HKD 5,138,000 for the six months ended June 30, 2023, compared to HKD 6,667,000 in the same period last year[83]. Financial Position - The group maintained a net cash position as of June 30, 2023, with current assets of approximately HKD 63.3 million, compared to HKD 64.9 million as of December 31, 2022[16]. - The company's debt ratio was zero as of June 30, 2023, down from 3.4% as of December 31, 2022[19]. - The company's total equity increased to HKD 57,177,000 as of June 30, 2023, from HKD 53,870,000 at the end of 2022, reflecting a growth of 6.78%[60]. - The company's total liabilities decreased from HKD 15,507,000 as of December 31, 2022, to HKD 13,484,000 as of June 30, 2023, indicating a reduction of 13.0%[101]. - The company’s total liabilities decreased, contributing to a more favorable equity position despite the overall loss[61]. Operational Highlights - The group’s online backup business revenue decreased due to slow recovery in business demand, changes in customer types, and intense competition in the global online backup software market[5]. - The company has implemented cost-saving measures, including team and corporate restructuring, to enhance competitiveness[26]. - The company is focused on expanding its online backup software solutions, leveraging its internet-based service model to enhance customer offerings[66]. - The company has not reported any significant new product developments or market expansions during this period[58]. - The company has not encountered any strikes, work stoppages, or significant labor disputes that would affect operations during the reporting period[48]. Shareholder Information - As of June 30, 2023, the company had issued 2,000,000,000 shares with a total issued capital of HKD 20.0 million[18]. - Major shareholders hold approximately 75% of the company's shares, with All Divine Investments Limited owning 1,500,000,000 shares[33]. - As of June 30, 2023, the company has issued 2,000,000,000 shares, with All Divine holding 1,500,000,000 shares, representing 75% of the total issued shares[37]. Compliance and Governance - The company has adopted a set of securities trading conduct rules for directors, which comply with the GEM Listing Rules[41]. - The company has complied with all provisions of the corporate governance code as set out in the GEM Listing Rules during the six months ended June 30, 2023[42]. - The audit committee has reviewed the interim financial information for the six months ended June 30, 2023, ensuring compliance with applicable accounting standards and GEM Listing Rules[50]. - There are no known business interests or rights of directors and controlling shareholders that compete with the company's business as of June 30, 2023[40]. Cash Flow and Expenses - Operating cash flow for the six months ended June 30, 2023, was HKD 812,000, an improvement from a cash outflow of HKD 1,111,000 in the same period of 2022[64]. - The company experienced a decrease in cash and cash equivalents, totaling HKD 34,497,000 as of June 30, 2023, down from HKD 59,739,000 at the beginning of the period[64]. - The company reported a decrease in trade and other receivables, which improved cash flow by HKD 1,376,000 during the period[64]. - The company incurred financing costs of HKD 127,000, down from HKD 223,000 in the previous year, indicating a reduction in borrowing costs[64]. - The company recognized a foreign exchange loss of HKD 664,000 during the period, impacting overall comprehensive loss[61].
亚势备份(08290) - 2023 - 中期财报