Financial Performance - For the six months ended December 31, 2021, the group's revenue was approximately MYR 27.7 million, an increase of about 51.4% compared to the same period last year[7]. - The gross profit for the six months ended December 31, 2021, increased by approximately 30.5% to about MYR 7.7 million[7]. - The company reported a pre-tax profit of MYR 1.319 million for the three months ended December 31, 2021, compared to a loss of MYR 0.617 million for the same period in 2020[10]. - The total comprehensive income for the period was MYR 702,000, compared to a loss of MYR 483,000 for the same period in 2020[10]. - The company reported a pre-tax profit of 347 thousand MYR for the six months ended December 31, 2021, compared to 264 thousand MYR for the same period in 2020, indicating a year-over-year increase of approximately 31.5%[27]. - The company’s basic and diluted earnings per share for the six months ended December 31, 2021, was MYR 0.01 sen, compared to a loss of MYR 0.09 sen for the same period in 2020[10]. - The total tax expense for the six months ended December 31, 2021, was 642,000 MYR, compared to 754,000 MYR for the same period in 2020, indicating a decrease of about 14.8%[109]. - The total comprehensive loss decreased from RM 0.5 million for the six months ended December 31, 2020, to RM 0.3 million for the same period in 2021[172]. Revenue Breakdown - Revenue from Malaysia was RM 27,222,000, while revenue from China was RM 476,000, indicating a significant contribution from the Malaysian market[50]. - The group generated hardware sales of RM 10,335,000 and service revenue of RM 15,130,000 for the six months ended December 31, 2021[95]. - Revenue from network support services rose by approximately 134.4%, contributing significantly to the overall revenue increase[160]. - Revenue from hardware sales and rentals increased by approximately MYR 7.9 million or 171.7%, reaching approximately MYR 12.5 million for the six months ended December 31, 2021[161]. Expenses and Costs - Administrative and other operating expenses for the six months ended December 31, 2021, were MYR 507,000, compared to MYR 7.069 million for the same period in 2020[10]. - Employee costs, including directors' remuneration, decreased to 53,000 MYR for the six months ended December 31, 2021, down from 71,000 MYR in the same period of 2020, representing a reduction of approximately 25.4%[120]. - The cost of sales and services increased by approximately MYR 7.6 million or 61.3%, totaling approximately MYR 20.0 million for the six months ended December 31, 2021[163]. - Administrative and other operating expenses increased by RM 2.2 million or 44.9% to RM 7.1 million for the six months ended December 31, 2021, primarily due to higher depreciation and employee costs[169]. Cash Flow and Assets - The company experienced a net cash outflow of 10,607 thousand MYR in cash and cash equivalents for the six months ended December 31, 2021, compared to a net outflow of 1,197 thousand MYR in the same period of 2020[35]. - As of December 31, 2021, total assets amounted to 58,192 thousand MYR, an increase from 57,420 thousand MYR as of June 30, 2021, reflecting a growth of approximately 1.35%[13]. - The net current assets increased to 33,750 thousand MYR from 31,141 thousand MYR, representing a growth of about 8.4%[13]. - The company’s cash and cash equivalents at the end of the reporting period were 9,297 thousand MYR, down from 18,280 thousand MYR at the end of the previous year[35]. - As of December 31, 2021, the group had cash and bank balances of approximately RM 11.5 million, down from RM 20.3 million as of June 30, 2021[174]. Liabilities and Equity - Total equity as of December 31, 2021, was 51,832 thousand MYR, slightly down from 52,127 thousand MYR as of June 30, 2021, reflecting a decrease of about 0.56%[16]. - The company reported a total of MYR 14,508,000 in current and non-current liabilities as of December 31, 2021, compared to MYR 15,291,000 as of June 30, 2021, reflecting a decrease of approximately 5.1%[134]. - As of December 31, 2021, trade payables decreased to MYR 1,645,000 from MYR 4,298,000 as of June 30, 2021, representing a decline of approximately 62.3%[134]. - Contract liabilities increased to MYR 10,254,000 from MYR 7,864,000, indicating a growth of about 30.1%[134]. Strategic Initiatives - The company aims to expand its network support and connectivity services into markets outside Malaysia, specifically targeting Hong Kong and the People's Republic of China[149]. - A strategic partnership was established with Hangzhou Super Technology Co., Ltd. to provide cloud computing and blockchain-based internet solutions from October 1, 2021, to December 31, 2024[150]. - The company is expanding its product and service offerings to attract new contracts and mitigate risks associated with contract acquisition[155]. - The company has developed new services, including secure cloud services and data content management centers, to diversify revenue sources and reduce reliance on traditional network support services[153]. Risk Management - The board regularly reviews major risk areas and appropriate risk mitigation strategies, considering the risk management system effective and adequate[157]. - The company is closely monitoring overdue payments to manage risks related to customer payment delays and defaults[155]. - The company emphasizes the importance of maintaining network availability and stability amid ongoing COVID-19 challenges, which have accelerated digital transformation[145]. - The company plans to monitor economic conditions closely and adjust its management and sales strategies accordingly to mitigate market volatility[149]. Compliance and Reporting - The financial statements were prepared in accordance with International Financial Reporting Standards and have not been audited by independent auditors[44]. - The group has not adopted any new or revised International Financial Reporting Standards that would have a significant impact on the financial statements[44]. - The group’s operations are identified as a single operating segment, with no further analysis presented for this segment[48].
比特元宇宙(08645) - 2022 - 中期财报