Financial Performance - For the six months ended June 30, 2023, the group's consolidated revenue decreased by 5.6% to HKD 378.67 million compared to HKD 401.00 million in the same period last year[1]. - The group's media business generated revenue of HKD 364.00 million, while the technology platform and investment segment contributed HKD 16.00 million[1]. - Gross profit totaled HKD 155.00 million, maintaining a gross margin of 41%[1]. - The loss attributable to shareholders was HKD 94.55 million, narrowing from a loss of HKD 193.38 million in the previous year[3]. - The net loss for the period was HKD 89,505,000, compared to a profit of HKD 223,908,000 in the previous year[19]. - Basic and diluted loss per share was HKD 2.39, down from earnings of HKD 4.89 per share in the prior year[18]. - The company reported a loss attributable to shareholders of HKD 1,305,533,000 for the six months ended June 30, 2023[26]. - The total comprehensive loss for the period was HKD 106,259,000, compared to a comprehensive income of HKD 182,599,000 in the prior year[19]. - The company reported a basic loss attributable to equity holders of HKD 94,547,000 for the six months ended June 30, 2023, compared to a profit of HKD 193,379,000 for the same period in 2022[46]. E-commerce and User Engagement - The transaction volume of the e-commerce business, Youle, increased by 46% year-on-year to RMB 85.82 billion[2]. - The total transaction volume of Youle increased by 46% year-on-year to RMB 8.58 billion[8]. - TOM Group reported a significant increase in total transaction value through its platforms, reflecting robust growth in e-commerce and new retail operations[59]. - User data indicates a 25% increase in active users on TOM Group's platforms, reflecting strong customer engagement and retention[60]. Financial Position and Liabilities - The net debt increased to HKD 1.03 billion from HKD 827.97 million in the previous year[3]. - As of June 30, 2023, TOM Group's cash and bank balances were approximately HKD 486 million[9]. - The capital debt ratio of TOM Group increased to 142.4% as of June 30, 2023, from 135.6% at the end of 2022[9]. - The company's equity attributable to owners was a loss of HKD 1,033,804,000, compared to a loss of HKD 925,226,000 at the end of 2022[22]. - The group's net liabilities as of June 30, 2023, were HKD 10.34 billion, indicating sufficient financial resources for ongoing operations[27]. - Total liabilities reached HKD 4,127,448,000, with unallocated liabilities including current tax, deferred tax, and borrowings[34]. Strategic Initiatives and Future Outlook - The group aims to maintain a prudent financial position through close monitoring of operating and capital expenditures[2]. - The group continues to seek growth opportunities selectively while maintaining stable business performance[2]. - Future outlook indicates a targeted revenue growth of 20% for the upcoming fiscal year, supported by strategic investments in technology and market expansion[60]. - TOM Group is actively pursuing new product development initiatives, particularly in the fintech and advanced data analytics sectors[60]. - The company plans to expand its market presence in mainland China, aiming to capture a larger share of the growing e-commerce market[60]. - A strategic partnership with WeLab is expected to enhance TOM Group's capabilities in financial technology and digital services[60]. - The board has set a performance guidance of achieving a minimum of 10% EBITDA margin for the next fiscal year[60]. - The company is exploring potential acquisitions to bolster its technology platform and enhance service offerings[60]. Employee and Operational Costs - The employee costs for the first six months of the year amounted to HKD 156 million, including directors' remuneration[16]. - Employee costs for the six months ended June 30, 2023, were HKD 41,361,000, slightly up from HKD 41,275,000 in the previous year[40]. Corporate Governance and Sustainability - The company emphasizes sustainable development by aligning corporate social responsibility with business strategies to create long-term value for stakeholders[51]. - The company has adopted a corporate governance framework to enhance shareholder value and protect the interests of stakeholders[53]. - The company is committed to improving its environmental, social, and governance (ESG) practices as part of its long-term strategy[60]. Accounting and Financial Reporting - The company has adopted new accounting standards effective January 1, 2023, with no significant impact on its accounting policies[27]. - The impairment provision for receivables from joint ventures was HKD 14,225,000, while the investment loss was HKD 17,026,000[30]. - Other comprehensive loss for the period was HKD 16,754,000, compared to a loss of HKD 41,309,000 in the same period last year[19].
TOM集团(02383) - 2023 - 中期业绩