Financial Performance - The group's revenue decreased by 10.6% from approximately HKD 3.0 million in the same period last year to approximately HKD 2.7 million for the six months ended June 30, 2022[5]. - The gross loss for the period was approximately HKD 0.9 million, a decline of 255.5% from a gross profit of approximately HKD 0.6 million in the same period last year, resulting in a gross loss margin of 32.7%[5]. - The total comprehensive loss for the period increased to approximately HKD 9.8 million, compared to approximately HKD 9.4 million in the same period last year[5]. - The basic and diluted loss per share for the six months ended June 30, 2022, was HKD 0.98, compared to HKD 0.94 for the same period last year[8]. - The company reported a loss attributable to owners of HKD 9,760,720 for the six months ended June 30, 2022, compared to a loss of HKD 9,395,039 in the same period of 2021, representing an increase in loss of approximately 3.9%[47]. - The overall gross loss margin increased to approximately 32.7%, down from a gross profit margin of 18.8% in the previous year[87]. Revenue Breakdown - Total revenue for the six months ended June 30, 2022, was HKD 2,688,363,000, a decrease from HKD 3,005,972,000 for the same period in 2021, representing a decline of approximately 10.6%[28]. - Revenue from electronic gaming equipment sales and distribution was HKD 612,056,000, while consulting and technical services generated HKD 1,353,883,000, contributing significantly to the overall revenue[28]. - The revenue breakdown by region shows that Macau accounted for HKD 2,512,492,000, which is approximately 93.5% of total revenue, indicating a strong reliance on this market[28]. - Revenue from electronic gaming equipment sales and distribution decreased by 68.1% to approximately HKD 612,056, compared to HKD 1,915,771 in the same period last year[78]. - Consulting and technical services revenue increased by 50.7% to HKD 1,353,883, up from HKD 898,689 year-on-year[80]. - Maintenance services revenue rose by 31.1% to approximately HKD 251,083, compared to HKD 191,512 in the previous year[83]. Cash Flow and Assets - The net cash used in operating activities for the six months ended June 30, 2022, was HKD (8,193,570), compared to HKD (7,147,651) for the same period in 2021, indicating an increase of approximately 14.6%[15]. - The total decrease in cash and cash equivalents for the six months ended June 30, 2022, was HKD (9,969,791), compared to HKD (8,512,248) in 2021, marking an increase of about 17.1%[15]. - The cash and cash equivalents at the end of the period were HKD 19,904,679, down from HKD 39,695,751 at the end of June 2021, indicating a decrease of approximately 49.9%[15]. - Current assets decreased to approximately HKD 28.88 million as of June 30, 2022, from approximately HKD 39.74 million as of December 31, 2021[11]. - The company reported a net foreign exchange loss of HKD (45,927) for the six months ended June 30, 2022[40]. - The carrying amount of inventories decreased to HKD 3,832,451 as of June 30, 2022, from HKD 4,475,020 as of December 31, 2021, reflecting a reduction of approximately 14.4%[52]. Operational Developments - The company has expanded its business into smart vending machines, which began in the second half of 2021, targeting consumers and tourists in Macau and China[18]. - The company continues to provide technical sales and distribution of electronic gaming equipment, as well as consulting services to manufacturers, indicating a focus on enhancing service offerings[19]. - The company plans to continue expanding its market presence, particularly in Macau, while exploring opportunities in South Korea and China[28]. - The group aims to diversify its business scope and seek ways to minimize costs and expenses in response to the ongoing impact of the pandemic on its clients' operations[75]. - The group is actively exploring ways to restructure its electronic gaming equipment business to prepare for future challenges posed by the ongoing uncertainty of the COVID-19 pandemic[75]. Governance and Compliance - The financial statements are prepared in accordance with International Financial Reporting Standards, ensuring compliance and transparency in financial reporting[20]. - The company has complied with all applicable provisions of the Corporate Governance Code during this period[116]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the period and believes they comply with applicable accounting standards and legal requirements[127]. - The audit committee consists of three independent non-executive directors, with Mr. Cai Guowei serving as the chairman[127]. Shareholder Information - The company did not declare an interim dividend for the period, consistent with the previous year[6]. - The total beneficial ownership of Mr. Xu, Mr. Wu, and Mr. Chen combined is approximately 73.37% of the total issued shares[109]. - The company has not reported any other individuals or entities holding 5% or more of the shares as of June 30, 2022[112]. - No share options were granted under the share option scheme during the six months ended June 30, 2022, consistent with the previous year[62].
亚洲先锋娱乐(08400) - 2022 - 中期财报