Financial Performance - The company reported a total loss of HKD 82,446,000 for the six months ended June 30, 2023, compared to a loss of HKD 35,943,000 for the same period in 2022, representing an increase in loss of approximately 129%[11]. - Revenue for the six months ended June 30, 2023, was HKD 121,109,000, a significant decrease from HKD 252,000 in the same period of 2022[11]. - The company reported a basic and diluted loss per share of HKD 3.35 for the current period, compared to HKD 1.44 for the same period last year, indicating a worsening in per-share performance[11]. - The loss attributable to the company's owners for the six months ended June 30, 2023, was HKD 82,426,000, representing a 129% increase compared to HKD 35,933,000 in the prior year[91]. - The company recorded a pre-tax loss of HKD 81,463 thousand for the six months ended June 30, 2023, compared to a pre-tax loss of HKD 35,293 thousand in the same period of 2022[53]. Revenue Breakdown - Total revenue for the six months ended June 30, 2023, was HKD 121,109 thousand, a significant increase from HKD 252 thousand in the same period of 2022[50]. - Property development and investment business generated revenue of HKD 87,728 thousand, compared to no revenue in the same period last year[50]. - Multimedia and entertainment business reported revenue of HKD 32,510 thousand, with no revenue reported in the previous year[50]. - Revenue from property development and investment business was HKD 87,728,000, accounting for 72% of total revenue, while multimedia and entertainment business contributed HKD 32,510,000 or 27%[119]. Expenses and Liabilities - Administrative expenses increased to HKD 50,304,000 from HKD 44,360,000 year-on-year, reflecting a rise of approximately 13%[11]. - Financing costs for the six months ended June 30, 2023, amounted to HKD 76,310,000, a significant increase from HKD 27,634,000 in the prior year[79]. - The company experienced a gross loss of HKD 70,219,000 in property development and investment business, compared to a loss of HKD 10,383,000 in the same period last year[123]. - Employee benefit expenses, including director remuneration, increased to HKD 25,736 thousand from HKD 21,652 thousand year-on-year[53]. Assets and Equity - Total liabilities increased to HKD 2,362,176,000 as of June 30, 2023, compared to HKD 2,298,105,000 at the end of 2022, reflecting a growth of approximately 2.8%[24]. - The company's total equity attributable to owners decreased to HKD 2,867,612,000 from HKD 2,950,433,000, indicating a decline of about 2.8%[24]. - The total assets as of June 30, 2023, were HKD 5,229,087 thousand, slightly down from HKD 5,247,857 thousand as of December 31, 2022[62]. - The group’s cash and bank balances, along with fixed deposits, amounted to HKD 114,842,000 as of June 30, 2023, up from HKD 75,764,000 at the end of 2022[104]. Business Segments - The group has three reportable segments: (1) film-related business; (2) property development and investment; and (3) multimedia and entertainment business, which is a new addition for the period[93]. - The group currently holds a 50% indirect interest in the C7 property, with an option to acquire an additional 25% for HKD 500,000,000, which has been extended to January 4, 2024[97]. - The group plans to develop YMXT into a multi-channel network company, focusing on live e-commerce and product wholesale, with the first phase already initiated[125]. Market Outlook and Strategy - The group anticipates a rebound in the Macau property market in the latter half of 2023, driven by the recovery of the tourism and gaming industries[137]. - The group aims to enhance its presence in the new media e-commerce sector by recruiting and training more influencers and collaborating with suppliers to produce and sell proprietary products[138]. Shareholder Information - The group did not recommend the payment of an interim dividend for the six months ended June 30, 2023, consistent with the previous year[92]. - The group has not declared or proposed any interim dividends for the periods ending June 30, 2023, and June 30, 2022[112]. - A new share option plan was adopted to replace the previous plan from June 28, 2012, as approved at the annual general meeting on June 29, 2022[161].
中国星集团(00326) - 2023 - 中期业绩