Workflow
数盟资本(08375) - 2022 - 中期财报
DATA UNION CAPDATA UNION CAP(HK:08375)2022-08-12 09:46

Financial Performance - For the six months ended June 30, 2022, the group's revenue was approximately HKD 45.3 million, a decrease of about 31.3% compared to the same period in 2021[9]. - The gross profit margin for the six months ended June 30, 2022, was approximately 6.4%, down from 18.5% for the same period in 2021[9]. - The group recorded a loss of approximately HKD 6.3 million for the six months ended June 30, 2022, compared to a profit of approximately HKD 2.7 million in the same period of 2021, representing a decrease of about HKD 9.0 million[9]. - Basic loss per share for the six months ended June 30, 2022, was approximately HKD 2.34, compared to basic earnings per share of approximately HKD 1.43 for the same period in 2021[9]. - The total comprehensive loss for the six months ended June 30, 2022, was approximately HKD 10.3 million, compared to a total comprehensive income of approximately HKD 3.6 million for the same period in 2021[10]. - The group reported a loss before tax of HKD 6,126,000 for the six months ended June 30, 2022, compared to a profit before tax of HKD 3,776,000 for the same period in 2021[23][24]. - The group reported a net loss of HKD 1,623,000 for the three months ended June 30, 2022, compared to a loss of HKD 54,000 in the same period of 2021[28]. Revenue Breakdown - Revenue from the sale of industrial aluminum electrolytic capacitors was HKD 34,695,000, down 34.3% from HKD 52,745,000 in the previous year[23]. - Revenue from the trading of electronic components was HKD 10,575,000, a decrease of 19.5% from HKD 13,148,000 in the prior year[23]. - Revenue from customers in China was HKD 36,333,000, a decrease of 35.9% from HKD 56,652,000 in the previous year[27]. - Revenue from Hong Kong customers was HKD 561,000, down 68.9% from HKD 1,809,000 in the prior year[27]. - The company's revenue decreased by approximately 31.3% from about HKD 65.9 million in the six months ended June 30, 2021, to about HKD 45.3 million in the same period of 2022[51]. - Revenue from the sale of industrial aluminum electrolytic capacitors dropped from approximately HKD 52.7 million to about HKD 34.7 million, a decrease of about HKD 18.0 million[53]. Expenses and Costs - The group's sales cost for the six months ended June 30, 2022, was approximately HKD 42.4 million, compared to HKD 53.7 million for the same period in 2021[10]. - The group incurred administrative expenses of approximately HKD 6.5 million for the six months ended June 30, 2022, compared to HKD 6.5 million for the same period in 2021[10]. - The group incurred financing costs of HKD 256,000 for the six months ended June 30, 2022, compared to HKD 189,000 in the same period of 2021[29]. - The total employee compensation for the six months ended June 30, 2022, was approximately HKD 11.6 million, down from HKD 13.4 million for the same period in 2021[69]. Assets and Liabilities - Non-current assets decreased from HKD 53,940,000 to HKD 51,652,000, a decline of approximately 4.25%[11]. - Current assets decreased from HKD 103,369,000 to HKD 97,507,000, a decline of about 5.5%[11]. - Current liabilities decreased significantly from HKD 45,953,000 to HKD 32,570,000, a reduction of approximately 29%[12]. - The net current asset value increased from HKD 57,416,000 to HKD 64,937,000, an increase of about 13.3%[12]. - The total assets less current liabilities increased from HKD 111,356,000 to HKD 116,589,000, an increase of approximately 4.1%[11]. - The company's total assets as of June 30, 2022, were approximately HKD 149.2 million, down from HKD 157.3 million as of December 31, 2021[63]. - The total bank borrowings as of June 30, 2022, were approximately HKD 11.1 million, down from HKD 14.8 million as of December 31, 2021[64]. Cash Flow - The company reported a net cash outflow from operating activities of HKD 3,714,000 compared to a cash inflow of HKD 1,702,000 in the previous year[14]. - The financing activities generated a net cash inflow of HKD 10,916,000, down from HKD 14,487,000 in the previous year[14]. - The cash and cash equivalents at the end of the period decreased slightly from HKD 46,242,000 to HKD 43,094,000[14]. Shareholder Actions - The board of directors did not recommend the payment of any dividend for the six months ended June 30, 2022[9]. - The company declared a final dividend of HKD 0.01 per share for the year ended December 31, 2021, totaling HKD 2.88 million, approved by shareholders[34]. - The company issued new shares through a rights issue, raising HKD 20,160,000 during the period[14]. - The company issued 96,000,000 shares at a subscription price of HKD 0.21 per share, raising a net amount of HKD 18.6 million[37]. - A share consolidation was approved on January 10, 2022, resulting in the consolidation of 960,000,000 shares into 192,000,000 consolidated shares[103]. Corporate Governance - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by the same individual[100]. - The audit committee consists of three independent non-executive directors, ensuring compliance with GEM listing rules and corporate governance codes[109]. - The audit committee's primary responsibility includes reviewing the effectiveness of the group's internal audit functions, financial reporting processes, and risk management systems[109]. Future Outlook - The company is focused on improving operational efficiency and exploring new market opportunities to enhance future performance[9]. - The company plans to continue developing quality products to meet market demands and will implement cost-saving measures to reduce operating costs amid economic uncertainties[52]. - As of June 30, 2022, the group had capital commitments of approximately HKD 1.5 million, primarily related to the purchase of equipment and machinery for capacity expansion[66]. Employee Information - The group had a total of 163 full-time employees as of June 30, 2022, compared to 186 employees in the previous year[69]. Foreign Exchange and Risk Management - The group has no foreign exchange hedging policy but closely monitors foreign exchange risks[71]. - The group’s assets and liabilities in foreign currencies as of June 30, 2022, included HKD 3,587,000 in USD assets and HKD 12,177,000 in USD liabilities[71].