Financial Performance - Revenue for the six months ended December 31, 2023, was HK$83,563,000, representing an increase of 57.5% compared to HK$52,992,000 in the previous period[5]. - Gross profit for the same period was HK$50,860,000, up 68.5% from HK$30,141,000 in the previous period[5]. - Profit for the period increased to HK$5,682,000, a rise of 35.3% from HK$4,199,000 in the previous period[8]. - Earnings per share for the period were HK2.18 cents, compared to HK1.61 cents in the previous period, reflecting a growth of 35.4%[8]. - Total comprehensive income for the period was HK$6,292,000, compared to a comprehensive loss of HK$4,862,000 in the previous period[8]. - The profit before taxation for the six months ended December 31, 2023, was HK$6,777,000, an increase of 59.5% from HK$4,245,000 in 2022[17]. - Net cash generated from operating activities was HK$11,115,000, a significant recovery from a net cash outflow of HK$28,907,000 in the previous year[17]. - The Group's revenue for the six months ended December 31, 2023, was HK$83,563,000, representing an increase from HK$52,992,000 in the same period of 2022, reflecting a growth of approximately 58%[36]. - Profit for the period attributable to owners of the Company increased to HK$5,682,000 for the six months ended 31 December 2023, compared to HK$4,199,000 for the same period in 2022, representing a growth of approximately 35.3%[53]. Assets and Liabilities - Non-current assets increased to HK$53,812,000 as of December 31, 2023, from HK$48,388,000 as of June 30, 2023[12]. - Current assets decreased to HK$163,555,000 from HK$175,563,000, indicating a decline of 6.9%[12]. - Net assets rose to HK$140,885,000 as of December 31, 2023, compared to HK$134,593,000 as of June 30, 2023, an increase of 4.3%[12]. - Cash and cash equivalents increased to HK$105,760,000 from HK$100,760,000, showing a growth of 5%[12]. - The total equity at December 31, 2023, was reported at (HK$140,885,000), a slight improvement from (HK$128,417,000) at the end of 2022[14]. - The total amount of trade payables decreased to HK$46,896,000 as of December 31, 2023, from HK$51,743,000 as of June 30, 2023, a reduction of approximately 9.4%[93]. - Contract liabilities from receipts in advance decreased to HK$22,038,000 as of December 31, 2023, from HK$31,402,000 as of June 30, 2023, representing a decline of about 29.9%[97]. Expenses - Distribution costs for the period were HK$13,826,000, up from HK$11,793,000 in the previous period, reflecting an increase of 17.2%[5]. - General and administrative expenses increased by approximately 17.6% to approximately HK$20 million for the six months ended 31 December 2023, compared to approximately HK$17 million in the previous period, driven by higher administrative staff costs and legal fees[112][117]. - The company incurred finance costs of HK$294,000, up from HK$35,000 in the previous year, indicating increased borrowing costs[17]. Revenue Segments - Revenue from technology system sales, including software licensing, amounted to HK$48,083,000 for the period, up from HK$21,967,000 in the previous year, indicating a growth of about 119%[36]. - The segment result for technology system sales was HK$20,137,000, compared to HK$3,333,000 in the prior period, showing a significant improvement in performance[39]. - The Group's leasing of system products generated revenue of HK$12,130,000, compared to HK$10,557,000 in the previous year, marking an increase of approximately 15%[36]. Taxation - Current tax expenses increased to HK$1,095,000 for the six months ended December 31, 2023, compared to HK$89,000 in the same period of 2022, primarily due to higher corporate income tax in Germany[47]. - The estimated corporate income tax rate for the Group's subsidiary in Germany is 31.45% for the current year, up from 31% in the previous year[50]. Investments and Fair Value - The Group recorded a fair value loss on financial assets at fair value through profit or loss of approximately HK$12.2 million during the period, attributed to changes in market sentiment[119][125]. - The fair value of listed equity investments in Hong Kong classified as financial assets at fair value through profit or loss was approximately HK$1.4 million as of 31 December 2023, down from approximately HK$14.0 million[120][121]. Strategic Initiatives - The company aims to expand its business through mergers and acquisitions, indicating a strategic focus on growth despite recent challenges[126]. - Continuous investment in R&D has led to improvements in the structure and management of the R&D function, aiding in reducing time to market for key projects[165]. - Development of the Multitone Aurora™ platform is ongoing, aimed at delivering a secure messaging application compatible with various devices, with a release expected towards the end of the fiscal year[167]. Market Performance - The UK market remains the largest for the company, exceeding revenue and sales intake targets by the end of December 2023[174]. - Sales in Oceania, particularly in Australia, showed significant improvement, making it the third largest market outside the UK, following Germany and the Irish Republic[177]. - The US market continues to underperform, with no substantial revenue growth expected in the short term, but long-term strategies are being developed[178].
看通集团(01059) - 2024 - 中期财报