Revenue Growth - The company's revenue for the six months ended June 30, 2023, was HKD 39,477,000, a significant increase from HKD 11,455,000 in the same period of 2022, representing a growth of 244%[23] - Photography service revenue reached HKD 33,249,000, up from HKD 8,439,000, indicating a growth of 295% year-over-year[23] - Medical service revenue increased to HKD 6,228,000 from HKD 3,016,000, reflecting a growth of 106% compared to the previous year[23] - Revenue from external customers for the six months ended June 30, 2023, was HKD 39,477,000, a significant increase from HKD 11,455,000 in the same period of 2022, representing a growth of approximately 244%[35] - The group's revenue increased from approximately HKD 11,455,000 for the six months ended June 30, 2022, to approximately HKD 39,477,000 for the six months ended June 30, 2023, representing an increase of about 245%[190] - Photography services revenue surged by approximately 294% to about HKD 33,249,000, compared to HKD 8,439,000 for the same period in 2022[190] - Medical services revenue reached approximately HKD 6,228,000, up from HKD 3,016,000 in the previous year, following the launch of medical services in Hong Kong[190] Profitability - The company reported a profit before tax of HKD 3,677,000 for the six months ended June 30, 2023, compared to a loss of HKD 15,960,000 in the same period of 2022[31] - The total comprehensive income for the period was HKD 10,034,000, a turnaround from a loss of HKD 16,702,000 in the previous year[6] - The profit from the photography services segment in Hong Kong was HKD 10,789,000, while the medical services segment reported a loss of HKD 1,092,000[31] - The company's profit attributable to equity shareholders increased from a loss of approximately HKD 6,434,000 for the six months ended June 30, 2022, to a profit of approximately HKD 3,708,000 for the six months ended June 30, 2023, primarily due to increased revenue from the photography services business in Hong Kong[115] - The net profit for the period was approximately HKD 3,733,000, a significant turnaround from a loss of HKD 6,974,000 in the same period last year[198] Expenses and Costs - The total employee costs for the six months ended June 30, 2023, amounted to HKD 10,164,000, up from HKD 6,654,000 in the previous year, indicating a rise of about 53%[39] - Service costs increased from approximately HKD 11,952,000 to about HKD 26,421,000, primarily due to rising licensing fees and rent associated with the recovery of the photography service business in Hong Kong[84] - Administrative expenses rose from approximately HKD 8,245,000 for the six months ended June 30, 2022, to approximately HKD 9,331,000 for the six months ended June 30, 2023, an increase of about 13.2% attributed to higher employee costs, marketing expenses, and travel and entertainment expenses[112] - The company's financing costs for the six months ended June 30, 2023, were approximately HKD 279,000, compared to HKD 256,000 for the same period in 2022, indicating a rise of about 9%[113] Cash Flow and Liquidity - Operating cash flow before changes in working capital was HKD 8,551,000, compared to a negative cash flow of HKD 3,535,000 in the previous year[93] - The net cash increase for the period was HKD 3,349,000, contrasting with a decrease of HKD 8,533,000 in the same period last year[95] - The group maintained cash and cash equivalents of HKD 20,333,000 at the end of the period, down from HKD 22,471,000 a year earlier[95] - The group maintained a current ratio of 2.07 and a quick ratio of 2.00 as of June 30, 2023, compared to 2.03 and 1.98, respectively, as of June 30, 2022, showing stable liquidity[121] Investments and Future Plans - The company plans to continue expanding its photography and medical service offerings in both Hong Kong and mainland China[22] - The company plans to allocate unutilized proceeds towards the development of its self-service identity photo digital camera network in Hong Kong and Guangdong Province, as well as purchasing medical equipment and establishing new clinics[172] - The company is actively seeking opportunities to expand its medical services business, including recruiting suitable medical professionals and acquiring related equipment[172] - The company is reallocating resources to develop its medical services, including purchasing equipment and upgrading IT systems[80] Shareholder Information - The company proposed an interim dividend of HKD 0.00375 per share, totaling HKD 3,000,000, subject to shareholder approval[48] - The company plans to distribute an interim dividend of HKD 0.00375 per share, totaling HKD 3,000,000, subject to shareholder approval at a special general meeting[131] - Major shareholders include Causeway Treasure with 53.45%, ME Group International Plc. with 13.75%, and Zhang Silting with 7.80%[153] - The board consists of seven members, including three independent non-executive directors, ensuring proper maintenance of shareholder interests[157] Compliance and Governance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15 and has complied with all applicable provisions during the six months ended June 30, 2023[135] - The audit committee has reviewed the group's financial information for the six months ended June 30, 2023, and found it compliant with applicable accounting standards and GEM Listing Rules[160]
名仕快相(08483) - 2023 - 中期财报