Financial Performance - For the six months ended December 31, 2022, the group's revenue was approximately HKD 66,551,000, an increase of about HKD 15,101,000 or 29.4% compared to the same period last year[12]. - The gross profit for the same period increased by approximately HKD 24,294,000 or 169.9% to about HKD 38,595,000[12]. - The earnings per share for the six months ended December 31, 2022, was approximately HKD 2.94, compared to a loss per share of HKD 0.19 for the same period in 2021[12]. - The pre-tax profit for the six months was HKD 17,133,000, compared to HKD 644,000 for the same period last year[13]. - The total comprehensive income for the six months was HKD 19,096,000, compared to a loss of HKD 462,000 for the same period last year[13]. - The company reported a net profit of HKD 17,633,000 for the six months ended December 31, 2022, compared to a loss of HKD 549,000 in the previous year[13]. - The reported profit for the segments was HKD 19,373,000 for the six months ended December 31, 2022, compared to HKD 2,554,000 for the same period in 2021, indicating a significant improvement[41]. - Profit for the period was approximately 17,633,000 HKD for the six months ended December 31, 2022, compared to a loss of approximately 549,000 HKD for the six months ended December 31, 2021, attributed to increased revenue and improved gross margin[90]. Dividends and Shareholder Returns - The company did not recommend any dividend payment for the six months ended December 31, 2022[12]. - The board did not recommend an interim dividend for the six months ended December 31, 2022, consistent with the previous year[100]. - The company did not declare any dividends for the six months ended December 31, 2022, consistent with the previous year[51]. Cash Flow and Liquidity - The company's net cash and cash equivalents at the end of the reporting period were HKD 31,643,000, up from HKD 17,404,000 in the previous year[25]. - The operating cash flow for the six months ended December 31, 2022, was a net outflow of HKD 8,372,000, an improvement from HKD 16,942,000 in the same period of 2021[23]. - As of December 31, 2022, the group had cash and bank balances of approximately 34,377,000 HKD, down from approximately 49,342,000 HKD as of June 30, 2022[91]. - The current ratio improved to approximately 2.2 times as of December 31, 2022, compared to approximately 1.3 times as of June 30, 2022, indicating better liquidity[91]. - The debt-to-equity ratio decreased to approximately 11.0% as of December 31, 2022, from approximately 17.9% as of June 30, 2022, due to an increase in total equity[92]. Assets and Liabilities - As of December 31, 2022, the total assets minus current liabilities amounted to HKD 91,506,000, an increase from HKD 73,555,000 as of June 30, 2022[18]. - Total equity as of December 31, 2022, was HKD 75,005,000, an increase from HKD 55,909,000 as of June 30, 2022[19]. - The total liabilities decreased to HKD 16,501,000 as of December 31, 2022, from HKD 17,646,000 as of June 30, 2022[19]. - The company's trade payables as of December 31, 2022, were HKD 2,920,000, down 37.6% from HKD 4,677,000 as of June 30, 2022[60]. - The company's inventory increased to HKD 8,384,000 as of December 31, 2022, compared to HKD 6,725,000 as of June 30, 2022[18]. E-commerce and Market Strategy - The company aims to continue expanding its market presence and developing new technologies in the metaverse sector[12]. - E-commerce business contributed approximately HKD 32,025,000, representing 48.1% of total revenue for the six months ended December 31, 2022[67]. - The company has initiated e-commerce operations in China through the "米虫商城" platform, which includes a variety of products such as fresh vegetables, fruits, and household appliances[67]. - The group plans to expand its partner network and enhance operational efficiency as e-commerce business grows, focusing on technological innovation in the metaverse infrastructure, particularly in blockchain and NFT technology[73]. - The group is evaluating the feasibility of integrating decentralized blockchain technology into its e-commerce business to create synergies with a growing user base[72]. - The group intends to adjust its market entry strategy in Malaysia in response to the easing of standard operating procedures and the digital economy blueprint launched by the Malaysian Prime Minister[75]. Employee and Operational Costs - The total employee costs, including directors' remuneration, increased to HKD 11,771,000 for the six months ended December 31, 2022, from HKD 6,217,000 in the same period of 2021[47]. - The company plans to allocate funds for cloud data content management solutions and network security services, with part of the budget also directed towards hardware and software maintenance[118]. - The company aims to expand its workforce to support anticipated growth, including hiring two IT engineers, one service delivery manager, and two senior sales executives[118]. - Administrative and other operating expenses increased by approximately 5,832,000 HKD or 44.4% from about 13,130,000 HKD for the six months ended December 31, 2021, to about 18,962,000 HKD for the six months ended December 31, 2022, mainly due to business expansion in China[86]. Research and Development - Research and development costs amounted to HKD 2,909,000 for the six months ended December 31, 2022, compared to no R&D costs reported in the same period of 2021[47]. Corporate Governance and Compliance - The audit committee consists of three independent non-executive directors, ensuring a wealth of business experience in financial and legal matters as of December 31, 2022[132]. - The company has adopted and complied with the corporate governance code as per GEM Listing Rules Appendix 15 for the six months ended December 31, 2022, with some deviations noted[134]. - The company has appointed Pulse Capital Limited as its compliance advisor, with no securities interests reported by the compliance advisor or its affiliates as of December 31, 2022[138]. Future Outlook - Forward-looking statements in the interim report reflect the company's expectations regarding future events, acknowledging known and unknown risks that may affect actual performance[140].
比特元宇宙(08645) - 2023 - 中期财报