Revenue and Business Segments - The group's revenue increased from approximately HKD 9,232,000 for the six months ended June 30, 2021, to approximately HKD 11,455,000 for the six months ended June 30, 2022, representing an increase of about 24.0%[6] - Medical services revenue was approximately HKD 3,016,000 for the six months ended June 30, 2022, which was not present in the same period in 2021, indicating a new business segment launched in October 2021[6] - The group operates three reportable segments: photography services in Hong Kong, photography services in Mainland China, and medical services in Hong Kong[36] - The revenue from external customers in Hong Kong was HKD 10,951,000, an increase from HKD 8,535,000 in the previous year, while revenue from mainland China decreased to HKD 504,000 from HKD 697,000[40] - The company continues to focus on expanding its medical services, which began in October 2021, indicating a strategic shift towards healthcare[33] Financial Performance - Loss attributable to equity shareholders increased from approximately HKD 3,050,000 for the six months ended June 30, 2021, to approximately HKD 6,434,000 for the six months ended June 30, 2022, primarily due to increased gross loss and administrative expenses[6] - The total comprehensive loss for the six months ended June 30, 2022, was HKD 6,702,000, compared to a loss of HKD 3,133,000 for the same period in 2021, representing an increase in loss of 114%[12] - The basic and diluted loss per share for the period was HKD 0.80, compared to HKD 0.38 in the previous year, indicating a 105% increase in loss per share[12] - The group reported a loss before tax of approximately HKD 6,960,000 for the six months ended June 30, 2022, compared to HKD 3,081,000 for the same period in 2021[11] - The company reported a pre-tax loss of HKD 6,960,000 for the period, compared to a pre-tax loss of HKD 3,081,000 in the prior year[37] Operating Expenses - The group's gross loss and gross profit for the six months ended June 30, 2022, were approximately HKD 497,000 and HKD 2,161,000, respectively, with gross loss margin and gross profit margin at approximately 4.34% and 23.41%[6] - Administrative expenses increased due to higher employee costs and director remuneration associated with the medical services business launched in Hong Kong[6] - The total operating expenses, including headquarters and corporate costs, amounted to HKD 5,393,000, compared to HKD 5,825,000 in the previous year[37] - Administrative expenses rose from approximately HKD 6,320,000 for the six months ended June 30, 2021, to approximately HKD 8,245,000 for the six months ended June 30, 2022, an increase of about 30.5%[82] Assets and Liabilities - Non-current assets increased to HKD 29,471,000 as of June 30, 2022, from HKD 26,496,000 as of December 31, 2021, reflecting an increase of 11.8%[14] - Current assets decreased to HKD 25,631,000 as of June 30, 2022, from HKD 33,291,000 as of December 31, 2021, a decline of 23.1%[14] - The company’s total liabilities increased to HKD 14,603,000 as of June 30, 2022, from HKD 14,856,000 as of December 31, 2021, a decrease of 1.7%[15] - The company’s equity attributable to shareholders decreased to HKD 28,622,000 as of June 30, 2022, from HKD 34,784,000 as of December 31, 2021, a decline of 17.7%[15] - The company’s inventory increased to HKD 533,000 as of June 30, 2022, from HKD 148,000 as of December 31, 2021, an increase of 259.5%[14] Employee and Workforce - As of June 30, 2022, the group had 65 employees, an increase from 36 employees as of June 30, 2021, representing an 81.25% growth in workforce[89] - The total employee costs reached HKD 6,654,000, up from HKD 4,293,000 in the previous year, reflecting a 55% increase[43] Corporate Governance and Compliance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards and have been reviewed by the audit committee[28] - The audit committee has reviewed the unaudited consolidated results for the six months ended June 30, 2022, ensuring compliance with applicable accounting standards and regulations[119] - The company has complied with all applicable provisions of the corporate governance code during the six months ended June 30, 2022[99] Future Plans and Strategic Initiatives - The group is exploring opportunities to diversify its business and is reallocating resources to optimize its business model for future growth[74] - The group plans to adopt a more cautious approach in executing its expansion plans in mainland China due to the ongoing COVID-19 situation and market volatility[70] - The company is actively seeking to recruit suitable medical professionals and expand its medical services business through new clinics and related operations[125] Impact of COVID-19 - The company reported a significant impact on financial performance due to the ongoing COVID-19 pandemic, with further economic conditions remaining uncertain[67] - Photography service revenue decreased by approximately 8.59% to about HKD 8,439,000 for the six months ended June 30, 2022, compared to HKD 9,232,000 for the same period in 2021, primarily due to reduced travel demand caused by the COVID-19 pandemic[76] - The company has delayed its original plan to expand the digital photo booth network in Guangdong due to challenges posed by the COVID-19 pandemic and the Omicron variant outbreak[125] Share Capital and Major Shareholders - The issued share capital of the company remained unchanged since its listing date, with a total of 800,000,000 shares issued[88] - The major shareholders, Mr. Chan Wing Chai and Mr. Chan Tin Ki, each hold 53.45% of the company's shares[104] - As of June 30, 2022, Causeway Treasure holds 427,600,560 shares, representing approximately 53.45% of the company's equity[111] - Photo-Me holds 109,972,500 shares, accounting for 13.75% of the company's equity[111] Use of Proceeds - The company raised approximately HKD 62.0 million from the sale of 200,000,000 shares at HKD 0.31 per share[120] - As of June 30, 2022, approximately HKD 12.9 million of the net proceeds has been utilized, with HKD 19.0 million remaining[123] - The company plans to use HKD 6.1 million for the development of its self-service identity photo digital camera business by December 31, 2023[123] - An allocation of HKD 4.6 million is designated for purchasing equipment for medical and related services by December 31, 2023[123] - The company aims to establish or acquire new clinics and medical-related businesses with an allocation of HKD 2.0 million by December 31, 2023[123] - Upgrading verification centers and IT infrastructure has an allocation of HKD 2.0 million, with HKD 0.9 million already utilized[123] - General working capital has an allocation of HKD 10.2 million, with HKD 5.0 million already utilized[123]
名仕快相(08483) - 2022 - 中期财报