Financial Performance - For the six months ended June 30, 2023, Doumob reported a revenue of HK$ 150 million, representing a 25% increase compared to the same period in 2022[2]. - The net profit for the reporting period was HK$ 30 million, which is a 15% increase year-over-year[2]. - The Group's total revenue for the six months ended June 30, 2023, amounted to RMB35.8 million, reflecting a remarkable increase of 100.0% compared to the corresponding period last year[32]. - Total revenue for the 2023 Interim was approximately RMB35.8 million, representing an increase of approximately 100.0% compared to RMB17.9 million in the 2022 Interim[46]. - Revenue for the six months ended June 30, 2023, was RMB 35,780,000, a significant increase of 99.5% compared to RMB 17,889,000 for the same period in 2022[157]. - Revenue from online advertising services reached RMB 35,753,000, compared to RMB 17,717,000 in the previous year, indicating a growth of about 102.3%[188]. - The Group reported a consolidated loss before income tax of RMB 854,000 for the six months ended June 30, 2023, a substantial improvement from a loss of RMB 21,375,000 in the same period of 2022[188]. - The basic loss per share for the six months ended June 30, 2023, was RMB0.0004, compared to RMB0.010 for the interim period in 2022, indicating a substantial decrease in loss per share[27]. - Adjusted net loss decreased from approximately RMB20.4 million for the 2022 Interim to approximately RMB0.4 million for the 2023 Interim[64]. Market Expansion and Strategy - Doumob plans to expand its market presence in Southeast Asia, targeting a 30% growth in that region by the end of 2024[2]. - The company is actively conducting market research and resource integration in the Southeast Asian e-commerce market, indicating a strategic focus on market expansion[35]. - The company aims to expand its e-commerce market in Southeast Asia, focusing on local culture and market needs[40]. - The company plans to optimize overseas advertising services and strengthen cooperation with renowned overseas media to improve advertisement conversion rates[41]. - Doumob is exploring potential acquisitions to enhance its technology capabilities and expand its service offerings[2]. Operational Efficiency and Cost Management - Doumob's gross margin improved to 40%, up from 35% in the previous year, indicating better cost management[2]. - Selling and distribution expenses decreased by 11.9% to RMB4.9 million in the 2023 Interim from RMB5.6 million in the 2022 Interim[51]. - Administrative expenses for the 2023 Interim were RMB10.9 million, a decrease of 54.4% from RMB23.8 million in the 2022 Interim[56]. - The Group's contract liabilities decreased from RMB 1,441,000 as of December 31, 2022, to RMB 319,000 as of June 30, 2023, reflecting a reduction in advance payments from customers[190]. - Staff costs, including directors' emoluments, were RMB 8,888,000 for the six months ended June 30, 2023, compared to RMB 14,717,000 in the same period of 2022, showing a reduction of approximately 39.5%[194]. Technology and Innovation - The company is investing HK$ 50 million in R&D for new advertising technologies, aiming to launch two new products by Q4 2023[2]. - The Group's proprietary interactive advertising platform utilizes H5 video interactive advertising technology to provide targeted marketing solutions to advertisers[30]. - The company has initiated a strategic partnership with a leading tech firm to enhance its data analytics capabilities[2]. Shareholder Information and Corporate Governance - The Board has resolved not to declare any interim dividend for the six months ended June 30, 2023, consistent with the previous year[26]. - The company has implemented restricted share unit plans to incentivize and retain employees, with 206,066,614 shares held under the 2020 Restricted Share Award Scheme, accounting for approximately 8.96% of the issued share capital[98]. - The interests of directors and chief executives in the company's shares are disclosed in accordance with the Securities and Futures Ordinance[92]. - The company has complied with all applicable code provisions of the CG Code, except for the separation of the roles of Chairman and CEO[138]. Financial Position and Assets - Total equity as of 30 June 2023 was approximately RMB65.6 million, an increase from approximately RMB64.6 million as of 31 December 2022[68]. - Net current assets increased to approximately RMB58.1 million as of 30 June 2023, compared to approximately RMB54.7 million as of 31 December 2022[69]. - Cash at banks and on hand decreased to approximately RMB37.2 million as of 30 June 2023 from RMB41.3 million as of 31 December 2022[70]. - The statutory reserve remains unchanged at RMB 135,330,000, indicating compliance with regulatory requirements[163]. - The company maintained sufficient public float throughout the reporting period[141]. Compliance and Legal Matters - The interim financial statements are unaudited but have been reviewed by the Audit Committee[175]. - There were no material legal proceedings involving the company during the reporting period[148]. - No material events occurred after June 30, 2023, until the date of the interim report[151].
豆盟科技(01917) - 2023 - 中期财报