2022-07-07-港交所-新维国际控股_二零二一至二零二二年中期报告_50页_1mb

Interim Report Summary: New Vision Worldwide Holdings Limited (GEM: 8138)

Financial Performance:

• Revenue: Revenue increased by approximately 36.8% to HK$25.394 million from HK$18.560 million in the same period of 2020. Key contributors were the IP Rights Licensing Business (HK$19.716 million) and Money-lending Business (HK$2.825 million).
• Gross Profit: Gross profit dropped to HK$12,382,000 (48.8% margin) from HK$13,111,000 (70.6% margin), primarily due to revenue declines in the E-commerce Business and Money-lending Business.
• Losses: The Group incurred a net loss of HK$9,630,000 for the six months, compared to HK$15.693 million in 2020.
• Cash Flow: Net cash flow from operating activities was HK$12.299 million, while net cash outflows from financing activities totaled HK$13.386 million.

Business Review:

• E-commerce Business: Revenue declined due to intensified competition, with revenue falling from HK$9,293,000 to HK$2,853,000. Gross profit margin decreased from 43.8% to 25.3%.
• IP Rights Licensing Business: Revenue rose significantly, supported by acquisitions like Sense Media Group. The business faced challenges from the COVID-19 pandemic and Sino-US trade tensions, affecting its food and beverage partners.
• Money-lending Business: Revenue decreased due to economic uncertainty, but the Group aims to maintain cost control and diversify opportunities.

Risk Factors:

• Listed on HKEX GEM, the company faces higher investment risks due to its focus on small-to-medium-sized enterprises.
• The market may experience higher volatility, and there are liquidity concerns, with net current liabilities of approximately HK$12 million.

Corporate Governance:

• The Group adheres to GEM Listing Rules and corporate governance standards. Non-compliance was noted in separating the Chairman and CEO roles, which remains under review.
• The Audit Committee actively oversees financial reporting and internal controls.

Outlook:

• The Group faces ongoing challenges from global economic uncertainty but remains committed to seeking new business opportunities and optimizing resource allocation.