Financial Performance - Revenue for the six months ended June 30, 2022, amounted to approximately HK$138,913,000, representing a decrease of 12.1% compared to the same period of the previous financial year[13]. - Profit attributable to equity holders of the Company decreased by 67.6% to HK$7,404,000 for the Interim Period, down from HK$22,846,000 for the same period of the previous financial year[13]. - Basic and diluted earnings per share for the Interim Period were HK0.9 cents, a decrease from HK3.1 cents in the previous year[23]. - No dividend was declared for the Interim Period[13]. - Gross profit for the six months ended June 30, 2022, was HK$19,712,000, down from HK$38,505,000 in the previous year[18]. - Operating profit for the Interim Period was HK$13,793,000, compared to HK$38,210,000 for the same period in the previous year[18]. - Total comprehensive income for the period was HK$9,800,000, significantly lower than HK$35,684,000 in the previous year[23]. - Profit before income tax for the Interim Period was HK$13,660,000, with an income tax expense of HK$3,219,000[20]. - Other comprehensive loss for the period was HK$(641,000), compared to a gain of HK$5,236,000 in the previous year[20]. - The total accumulated losses as of June 30, 2022, were HK$120,032,000[46]. Assets and Liabilities - Total assets as of June 30, 2022, amounted to HK$845,292,000, a decrease of 0.4% from HK$848,607,000 as of December 31, 2021[33]. - Current assets decreased to HK$511,236,000 from HK$521,764,000, reflecting a decline of 2.4%[32]. - Trade receivables increased significantly to HK$168,901,000, up 25.5% from HK$134,475,000 in the previous year[32]. - Total equity as of June 30, 2022, was HK$642,211,000, down from HK$656,201,000, representing a decrease of 2.1%[35]. - Current liabilities rose to HK$203,081,000, an increase of 5.5% compared to HK$192,406,000 at the end of 2021[38]. - Total liabilities increased to HK$203,081,000, reflecting a rise of 5.5% from HK$192,406,000[38]. - Non-current liabilities included deferred income tax liabilities of HK$39,489,000, slightly up from HK$39,131,000[35]. Cash Flow - For the six months ended June 30, 2022, the net cash outflow from operating activities was HK$19,382,000, compared to HK$6,399,000 in the same period of 2021[48]. - The net cash inflow from investing activities for the same period was HK$5,365,000, an increase from HK$1,561,000 in 2021[48]. - The net cash inflow from financing activities was HK$13,614,000, significantly lower than HK$129,435,000 in the previous year[48]. - As of June 30, 2022, cash and cash equivalents decreased to HK$231,341,000 from HK$236,775,000 at the end of the previous period[48]. Segment Performance - The Group has four operating segments: environmental maintenance, property leasing, securities trading, and medical devices[65]. - Segment revenue for the environmental maintenance business was HK$131,718,000, while the property leasing business generated HK$12,852,000[70]. - Revenue from environmental maintenance business was HK$131,718,000, down 15.8% from HK$156,467,000 in the previous year[86]. - Medical devices business generated sales of HK$5,581,000, with no revenue reported in the same period of 2021[86]. Employee and Operational Metrics - The Group had a total of 843 employees as of June 30, 2022, a decrease from 1,859 employees as of June 30, 2021[152]. - Salaries and benefits expenses for workers were approximately HK$71,122,000, consistent with the previous year's expenses of HK$71,174,000[153]. Investment and Future Plans - The Group completed the acquisition of 90% equity interests in a medical devices business for a total consideration of RMB27,000,000 (approximately HK$33,067,972) on May 31, 2022[167]. - The Group aims to diversify revenue sources and increase shareholder value through potential investment opportunities[194]. - The Board emphasizes investing in high-growth businesses in the PRC, including high technology, software consulting, and internet services, to create long-term shareholder value[195]. Risks and Challenges - The Group is exposed to foreign exchange risk due to fluctuations between HKD and RMB, but does not engage in speculative derivatives or hedging instruments[162]. - The identification of potential investment opportunities has been delayed due to COVID-19 and related restrictions imposed by the PRC Government[195].
网誉科技(01483) - 2022 - 中期财报