Financial Performance - For the six months ended June 30, 2024, the revenue of China e-Wallet Payment Group Limited was HKD 12,180,000, a decrease of 71.8% compared to HKD 43,280,000 for the same period in 2023[2] - The gross profit for the same period was HKD 726,000, down 96.4% from HKD 20,022,000 in 2023[2] - The net loss for the six months ended June 30, 2024, was HKD 23,930,000, an improvement of 26.9% compared to a net loss of HKD 32,700,000 in 2023[3] - The total comprehensive loss for the period was HKD 23,939,000, compared to HKD 33,043,000 in the same period of 2023[3] - The company reported a basic and diluted loss per share of HKD 3.97 for the six months ended June 30, 2024, compared to HKD 5.40 in 2023[2] - The company reported a pre-tax loss of HKD 23,958,000 for the six months ended June 30, 2024, compared to a loss of HKD 32,609,000 in the same period of 2023[26] - For the six months ended June 30, 2024, the company recorded revenue of approximately HKD 12.2 million, a decrease of about 71.86% compared to approximately HKD 43.3 million for the same period in 2023[38] - The gross profit for the same period was approximately HKD 0.7 million, down from approximately HKD 20.0 million in 2023, consistent with the decline in revenue[39] - The company's loss for the six months ended June 30, 2024, was approximately HKD 23.9 million, an improvement from a loss of approximately HKD 32.7 million in the same period of 2023[41] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 358,345,000, a decrease from HKD 381,547,000 as of December 31, 2023[5] - The company's cash and bank balances decreased to HKD 7,286,000 from HKD 12,813,000 as of December 31, 2023[5] - The total equity attributable to the owners of the company was HKD 308,025,000, down from HKD 331,992,000 at the end of 2023[5] - The total liabilities increased to HKD 49,409,000 from HKD 48,672,000 as of December 31, 2023[6] - The company's total equity as of June 30, 2024, was HKD 331,002,000, reflecting a decrease from HKD 364,045,000 at the beginning of the year[8] - The debt ratio as of June 30, 2024, was approximately 15.9%, compared to 14.6% as of December 31, 2023, with total debts and capital amounting to approximately HKD 49.4 million and HKD 308.9 million, respectively[43] Cash Flow - The net cash used in operating activities for the six months ended June 30, 2024, was HKD (4,353,000), a significant increase from HKD (367,000) in the previous year[12] - The cash and cash equivalents decreased by HKD 5,569,000 during the six months ended June 30, 2024, compared to a decrease of HKD 4,263,000 in the same period of 2023[12] - The company reported cash and cash equivalents of HKD 7,286,000 as of June 30, 2024, up from HKD 2,393,000 a year earlier[12] - The company’s financing activities resulted in a net cash outflow of HKD (1,217,000) for the six months ended June 30, 2024, compared to no cash outflow in the same period of 2023[12] Revenue Sources - The revenue from mobile application development and related services was HKD 525,000, while the revenue recognized at a point in time was HKD 12,180,000 for the first half of 2024[17] - The company operates primarily in two regions: Hong Kong and China, with revenue from Hong Kong amounting to HKD 12,180,000 for the six months ended June 30, 2024[19] - The company had no single customer contributing 10% or more to total revenue for the periods ended June 30, 2024, and 2023[20] Employee and Governance - As of June 30, 2024, the group had 19 employees, a decrease from 21 employees as of December 31, 2023[52] - The board consists of two executive directors and three independent non-executive directors[67] - The company has adopted the corporate governance code as per the listing rules and has complied with it during the reporting period[56] Other Information - The company has adopted all new and revised International Financial Reporting Standards effective from January 1, 2024, with no significant impact on the financial statements reported[16] - The company has no capital commitments as of June 30, 2024[34] - No significant investments or capital asset plans were reported as of June 30, 2024[54] - There were no major acquisitions or disposals during the six months ending June 30, 2024[55] - No shares of the company were purchased, redeemed, or sold by the company or its subsidiaries during the six months ending June 30, 2024[57] - The company has a total of 114,126,000 unexercised options under the share option plan as of June 30, 2024[63] - The audit committee reviewed the accounting principles and practices adopted by the group and discussed financial reporting matters for the six months ending June 30, 2024[64] - Trading of the company's shares was suspended on April 2, 2024, due to the auditor's inability to express an opinion on the financial statements[65] - No significant events occurred after June 30, 2024, up to the date of this report[66] - The company expresses gratitude to shareholders, business partners, and customers for their ongoing support[69] - The management team and employees are acknowledged for their efforts towards the long-term development of the group[69]
中国钱包(00802) - 2024 - 中期业绩