Financial Performance - For the six months ended June 30, 2023, the group recorded revenue from continuing operations of approximately HKD 34.58 million, a decrease of 6.4% compared to HKD 37.09 million for the same period in 2022[4]. - The loss attributable to equity shareholders for the six months ended June 30, 2023, was approximately HKD 0.24 million, significantly improved from a loss of HKD 7.91 million for the same period in 2022[4]. - The gross profit for the six months ended June 30, 2023, was HKD 7.61 million, representing a 15.9% increase from HKD 6.57 million in the same period of 2022[6]. - The total comprehensive income for the six months ended June 30, 2023, was HKD 3.17 million, compared to a total comprehensive loss of HKD 10.26 million for the same period in 2022[8]. - The company reported a pre-tax loss of HKD 12.96 million for the six months ended June 30, 2023, compared to a pre-tax loss of HKD 2.50 million for the same period in 2022[6]. - The company achieved a profit from discontinued operations of HKD 12.54 million for the six months ended June 30, 2023, compared to a loss of HKD 5.42 million in the same period of 2022[7]. - The basic loss per share from continuing operations for the six months ended June 30, 2023, was HKD 5.42, compared to a loss of HKD 1.57 for the same period in 2022[8]. - The company reported a total comprehensive expense of HKD 825 million for the six months ended June 30, 2023, compared to a total comprehensive expense of HKD 10.264 million in the previous year[11]. - The company reported a loss before tax of HKD 12,957,000 for the six months ended June 30, 2023, compared to a loss of HKD 2,498,000 for the same period in 2022[19]. - Total loss attributable to equity shareholders for the six months ended June 30, 2023, was HKD 236,000, an improvement from a loss of HKD 7,914,000 in the same period of 2022[35]. Revenue and Sales - Revenue from the sale of metal casting products for the six months ended June 30, 2023, was HKD 34,581,000, a decrease of 6.8% compared to HKD 37,094,000 for the same period in 2022[18]. - The revenue from discontinued operations was HKD 528,000 for the six months ended June 30, 2023, down from HKD 4,886,000 in the same period of 2022[27]. - The segment performance for the metal casting division showed a loss of HKD 1,733,000 for the six months ended June 30, 2023, compared to a profit of HKD 640,000 in the same period of 2022[19]. Expenses and Costs - The administrative expenses for the six months ended June 30, 2023, increased to HKD 25.90 million from HKD 7.08 million in the same period of 2022, indicating a significant rise in operational costs[6]. - The total cost of goods sold for continuing operations was HKD 26,967,000 for the six months ended June 30, 2023, compared to HKD 30,528,000 for the same period in 2022[32]. - The total employee cost for the six months ended June 30, 2023, was approximately HKD 4.48 million, a decrease from HKD 12.95 million for the same period in 2022[76]. Assets and Liabilities - As of June 30, 2023, total assets decreased to HKD 34.081 billion from HKD 43.352 billion, representing a decline of approximately 21%[10]. - The company's non-current assets decreased to HKD 4.291 billion from HKD 6.820 billion, a decline of about 37%[10]. - The total liabilities decreased to HKD 16.890 billion from HKD 36.232 billion, a reduction of approximately 53%[10]. - Cash and cash equivalents at the end of the period were HKD 1.896 billion, down from HKD 2.799 billion, reflecting a decrease of about 32%[13]. - Trade receivables increased to HKD 12,178,000 as of June 30, 2023, from HKD 8,849,000 as of December 31, 2022, reflecting a growth of approximately 37.5%[37]. - Trade payables decreased significantly to HKD 6,671,000 as of June 30, 2023, down from HKD 17,514,000 as of December 31, 2022, indicating a reduction of about 61.9%[39]. Share Capital and Equity - The total equity attributable to equity shareholders increased to HKD 17.375 billion from HKD 12.161 billion, marking a growth of approximately 43%[11]. - The company issued new shares resulting in an increase in share capital to HKD 20.365 billion from HKD 16.973 billion, an increase of approximately 20%[11]. - As of June 30, 2023, the total issued and paid-up ordinary shares increased to 254,560,000 shares from 212,160,000 shares at the end of 2022[41]. - The company completed the issuance of 11,000,000 subscription shares at HKD 0.235 per share on January 20, 2023, and an additional 31,400,000 subscription shares at HKD 0.11 per share on April 13, 2023[65]. Dividends and Shareholder Returns - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2023[4]. - The company did not recommend an interim dividend for the six months ended June 30, 2023, consistent with the previous year[33]. Corporate Governance and Compliance - The company has established an audit committee consisting of three independent non-executive directors, ensuring compliance with GEM listing rules[88]. - The company has adopted the corporate governance code as per GEM listing rules and confirmed compliance for the six months ending June 30, 2023[89]. Future Plans and Strategies - The company will continue to strengthen cost control and resource management while exploring potential investment opportunities to diversify its business and create new revenue sources[54]. - The company plans to raise approximately HKD 10.2 million through a rights issue, offering up to 12,728,000 shares at HKD 0.8 per share[47]. - The company announced a capital increase for its joint venture, raising the total investment from HKD 2 million to HKD 30 million, with contributions of HKD 15.3 million and HKD 14.7 million from the company and its partner, respectively[48]. Employee and Management Information - As of June 30, 2023, the group had 123 employees, down from 133 as of December 31, 2022[76]. - Short-term employee benefits for key management personnel amounted to HKD 780,000 for the six months ended June 30, 2023, compared to HKD 946,000 in the same period of 2022[43].
吉盛集团控股(08133) - 2023 - 中期财报