Financial Performance - The group's revenue decreased by 10.6% from approximately HKD 3.0 million in the same period last year to approximately HKD 2.7 million[11]. - The gross profit turned into a gross loss of approximately HKD 0.9 million, a decrease of 255.5% from a gross profit of approximately HKD 0.6 million in the same period last year[11]. - The gross margin declined from 18.8% in the previous period to a gross loss margin of 32.7% in the current period[11]. - The total comprehensive loss increased to approximately HKD 9.8 million, compared to approximately HKD 9.4 million in the same period last year[11]. - Basic and diluted loss per share was HKD 0.98, compared to HKD 0.94 in the same period last year[14]. - The company reported a net loss of HKD 9,760,720 for the six months ended June 30, 2022, compared to a net loss of HKD 9,395,039 for the same period in 2021, indicating a slight increase in losses[18]. - The company recorded a net loss attributable to shareholders of approximately HKD 9.8 million, compared to a net loss of approximately HKD 9.4 million in the same period last year[97]. Revenue Breakdown - The total revenue for the six months ended June 30, 2022, was HKD 2,688,363,000, a decrease from HKD 3,005,972,000 for the same period in 2021, representing a decline of approximately 10.55%[34]. - Revenue from electronic gaming equipment sales and distribution was HKD 612,056,000, while consulting and technical services generated HKD 1,353,883,000, and maintenance services contributed HKD 251,083,000[34]. - Revenue from electronic gaming equipment sales and distribution dropped by 68.1% to approximately HKD 612,056, compared to HKD 1.9 million in the previous year[84]. - Consulting and technical services revenue increased by 50.7% to approximately HKD 1.35 million[86]. - Maintenance service revenue rose by 31.1% to approximately HKD 251,083[89]. Operating Expenses and Costs - Operating expenses decreased by 12.7% to approximately HKD 8.3 million, down from approximately HKD 9.5 million in the same period last year[11]. - The company reported a significant increase in sales costs, rising from approximately HKD 2.4 million to approximately HKD 3.6 million[14]. - Total employee costs for the six months ended June 30, 2022, amounted to HKD 6,305,298, slightly up from HKD 6,244,570 in 2021, reflecting a year-on-year increase of about 1%[53]. - The company incurred total depreciation expenses of HKD 583,685 for the six months ended June 30, 2022, down from HKD 1,311,165 in the same period of 2021, showing a significant reduction of approximately 55.6%[53]. Assets and Liabilities - Total assets decreased from HKD 39,736,312 as of December 31, 2021, to HKD 28,880,026 as of June 30, 2022, representing a decline of approximately 27.4%[17]. - The company's total equity decreased from HKD 33,010,155 as of December 31, 2021, to HKD 23,249,435 as of June 30, 2022, a decline of approximately 29.5%[18]. - Cash and cash equivalents decreased from HKD 29,874,470 at the beginning of the period to HKD 19,904,679 at the end of the period, a reduction of approximately 33.4%[21]. - Trade and other receivables decreased from HKD 5,346,518 as of December 31, 2021, to HKD 5,102,512 as of June 30, 2022, a decrease of approximately 4.6%[17]. - The company’s inventory decreased from HKD 4,475,020 as of December 31, 2021, to HKD 3,832,451 as of June 30, 2022, representing a decline of about 14.4%[17]. - Trade payables increased significantly to HKD 836,975,000 as of June 30, 2022, compared to HKD 344,311,000 as of December 31, 2021, reflecting a growth of approximately 143%[63]. Business Operations and Strategy - The company has initiated a smart vending machine business, expanding its operations in Macau and mainland China[24]. - The company plans to continue focusing on electronic gaming equipment and related services, aiming for market expansion in Asia[24]. - The company continues to focus on its core business activities, including electronic gaming equipment and smart vending machines, as part of its growth strategy[34]. - The group has expanded its operations to include a new segment for smart vending machines since the second half of 2021[41]. - The group has identified two reporting segments: (i) electronic gaming equipment business and (ii) smart vending machine business for internal management purposes[41]. Corporate Governance and Compliance - The group has complied with all applicable provisions of the Corporate Governance Code during the period[122]. - The audit committee, composed of three independent non-executive directors, has reviewed the unaudited consolidated financial statements and found them compliant with applicable accounting standards[133]. - The company has adopted the trading compliance standards as per GEM Listing Rules, confirming full compliance by all directors during the period[123]. Dividends and Shareholder Information - The company decided not to declare an interim dividend for this period, consistent with the previous period[12]. - The company did not declare or recommend any dividends for the interim period, consistent with the previous year[52]. - The beneficial ownership of shares as of June 30, 2022, included Mr. Xu holding 29.47% and Mr. Wu holding 28.92% of the issued shares[115].
亚洲先锋娱乐(08400) - 2022 Q2 - 季度财报