Revenue Performance - The total revenue for the group during the reporting period was approximately HKD 15,300,000, a decrease of HKD 156,600,000 compared to the same period last year[11]. - Revenue from data center services was approximately HKD 13,800,000, down HKD 156,200,000 year-on-year, primarily due to the closure of three data centers in Sichuan, China[6]. - Revenue for the six months ended June 30, 2022, was HKD 15,270,000, a decrease of 91.1% compared to HKD 171,888,000 in the same period of 2021[87]. - Revenue for the three months ended June 30, 2022, was HKD 7,635,000, a decrease of 92.2% compared to HKD 97,629,000 for the same period in 2021[87]. - Big data center services generated revenue of HKD 6,885,000 for the three months ended June 30, 2022, compared to HKD 96,784,000 in the same period of 2021, representing a decline of 92.9%[87]. - Major customers contributing over 10% of total revenue included Customer A, which generated HKD 6,885,000 for the three months ended June 30, 2022, compared to HKD 15,253,000 in the same period of 2021[92]. Financial Losses - The group recorded a loss of approximately HKD 25,400,000, which is a reduction of HKD 11,800,000 or 31.7% compared to the loss of HKD 37,200,000 in the same period last year[15]. - The company reported a loss before tax of HKD 25,412 thousand for the six months ended June 30, 2022, compared to a loss of HKD 37,199 thousand in the same period of 2021[32]. - The total comprehensive loss for the six months ended June 30, 2022, was HKD 28,556 thousand, compared to a loss of HKD 18,768 thousand in the same period of 2021[35]. - The company reported a loss of approximately HKD 18,952,000 for the three months ended June 30, 2022, compared to a loss of HKD 14,372,000 for the same period in 2021[97]. - The total loss attributable to owners of the company for the six months ended June 30, 2022, was HKD 27,901,000, compared to HKD 25,410,000 in the previous year[44]. Asset Management - The group has made provisions for fixed asset impairment due to the closure of three data centers in China, which significantly reduced the cost of sales and services by approximately HKD 165,100,000[15]. - Non-current assets as of June 30, 2022, amounted to HKD 62,015 thousand, an increase from HKD 50,952 thousand as of December 31, 2021[40]. - Current assets totaled HKD 72,679 thousand as of June 30, 2022, down from HKD 114,568 thousand as of December 31, 2021[40]. - The company's net assets decreased to HKD 109,453 thousand as of June 30, 2022, from HKD 137,001 thousand as of December 31, 2021[42]. - The company did not purchase any fixed assets during the reporting period[21]. Employee Costs - Employee costs decreased by approximately HKD 6,400,000 due to the reduction in workforce following the closure of the three data centers[15]. - The group employed a total of 26 employees as of June 30, 2022, down from 97 employees a year earlier, with employee benefit costs amounting to HKD 7,300,000[30]. - The total compensation for directors and key management personnel was HKD 3,496,000 in the first half of 2022, a decrease of 18.2% from HKD 4,274,000 in the same period of 2021[107]. Cash Flow and Liquidity - As of June 30, 2022, the group's bank balance and cash amounted to HKD 29,900,000, a decrease from HKD 35,800,000 as of December 31, 2021, primarily due to the expansion of big data centers[22]. - The cash flow from operating activities for the six months ended June 30, 2022, was a net outflow of HKD 2,120,000, a significant decrease from an inflow of HKD 11,124,000 in 2021[81]. - Cash and cash equivalents at the end of the period were HKD 29,924,000, down from HKD 51,060,000 at the end of June 30, 2021[83]. - The net cash flow from investing activities for the six months ended June 30, 2022, was HKD 75,000, a decrease from a net outflow of HKD 105,855,000 in 2021[83]. Corporate Governance - The company emphasizes the importance of good corporate governance to protect shareholder interests and maintains high transparency[141]. - The company has established an audit committee, remuneration committee, and nomination committee to uphold high standards of corporate governance[143]. - The audit committee is responsible for reviewing and supervising the financial reporting process and risk management[145]. Strategic Development - The company is actively exploring the development of big data centers in other regions to align with its overall strategic development and meet market demand[17]. - The group plans to continue its cautious risk management policy to maintain the quality of its loan portfolio[9]. Shareholder Transactions - The company has entered into a share purchase agreement to sell 279,673,200 shares, representing approximately 51% of the total issued share capital, for a total consideration of HKD 78,308,496[30]. - The mandatory unconditional cash offer will be made to acquire all issued shares not already owned by the offeror and its concert parties[30]. - As of June 30, 2022, the total number of issued shares was 548,378,822, with directors holding a total of 3,566,800 options, representing approximately 0.65% of the total issued shares[112]. - BIT Mining holds 327,868,805 shares, representing approximately 59.79% of the total issued shares[135]. - The company did not declare or pay any interim dividends for the six months ended June 30, 2022[95].
加幂科技(08198) - 2022 - 中期财报