科联系统中期报告 2024

Stock Code: 00046 CONTENTS 2Corporate Information4Chairman’s Statement15Condensed Consolidated Statement of Profit or Loss16Condensed Consolidated Statement of Comprehensive Income17Condensed Consolidated Statement of Financial Position19Condensed Consolidated Statement of Changes in Equity21Condensed Consolidated Statement of Cash Flows24Notes to Financial Statements71Other Information Corporate Information EXECUTIVE DIRECTORS Ng Cheung Shing(Chairman)Cheung Wai LamLeung King San SunnyNg Kwok Keung INDEPENDENT NON-EXECUTIVE DIRECTORS Chan Yuen Shan ClaraPoon Siu Hoi CaseyTing Leung Huel Stephen COMPANY SECRETARY Ng Kwok Keung AUDITORS 97927 Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor27/F, One Taikoo Place979 King’s RoadQuarry BayHong Kong PRINCIPAL BANKER 1 The Hongkong and Shanghai Banking Corporation Limited1 Queen’s Road CentralCentralHong Kong REGISTRATION OFFICE Clarendon House2 Church StreetHamilton HM11Bermuda Clarendon House2 Church StreetHamilton HM11Bermuda HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS 3618 18thFloor, Viva PlaceNo. 36 Heung Yip RoadWong Chuk HangHong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE Codan Services LimitedClarendon House2 Church StreetHamilton HM11Bermuda Codan Services LimitedClarendon House2 Church StreetHamilton HM11Bermuda HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Tengis Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong www.ctil.com WEBSITEwww.ctil.com Chairman’s Statement Dear Shareholders, OVERVIEW On behalf of the Board of Directors (the “Board”) of Computer AndTechnologies Holdings Limited (the “Company”), I am pleased to presentthe unaudited interim results of the Company and its subsidiaries(collectively the “Group”) for the six months ended 30 June 2024. 1.2761.2811302.0%6,9006,76054.1%52.8% During the reporting period, the Group maintained total revenue ofHK$127.6 million (2023: HK$128.1 million) while the market sentimentremained subdued. Benefiting from migrating some of the developmentresources to the Mainland China with a more effective cost structure,gross profit improved by HK$1.3 million, or 2.0%, to HK$69.0 million (2023:HK$67.6 million), and the gross profit margin improved to 54.1% (2023:52.8%). 4076081012050 On the other hand, the Group’s other income and gains decreased byHK$0.4 million to HK$7.6 million (2023: HK$8.1 million), primarily due to areduction in refunds of value-added tax (“VAT”). Additionally, the Group’sinvestment property and financial assets recorded a valuation loss ofHK$1.2 million, compared with a HK$0.5 million loss in the same periodlast year, reflecting the prevailing market conditions. 1,8201,8207.467.38 The Group’s consolidated net profit attributable to shareholders wasmaintained at HK$18.2 million (2023: HK$18.2 million). Resulting fromshares repurchased over the period, the basic earnings per shareincreased to 7.46 HK cents (2023: 7.38 HK cents). 5.55.5 Considering the Group’s positive cash flows from operations andsustained healthy financial position, the Board has declared an interimdividend of 5.5 HK cents per ordinary share for the six months ended 30June 2024, same as the 5.5 HK cents paid in the previous period. BUSINESS REVIEW Application Software The unfavourable market condition causing enterprise customers toslowdown hiring or even reduce headcounts during the reporting period.As a result, the Group’s Human Resources Management Software’s(“HRMS”) license income which is based on existing and increasingnumber of employees’ payroll supported by the system was declined.In addition, the market shift from on premises software license toSoftware as a Service (“SaaS”) also created a short term impact on licenseincome. On the other hands, benefiting from the increasing concern onenvironmental, social, and governance (“ESG”) especially in corporategovernance, there was increasing demand for the Group’s EnterpriseProcurement Management Software (“EPMS”) delivered in form ofSaaS. In addition, the new wave in application of generative ArtificialIntelligence (“AI”) also created increasing enquiries and opportunities forthe Group’s related technologies. Pi-HCM[1] The Group has been continuously investing into product research anddevelopment to rebuild its software products portfolio with cloudnative platform and integration with new AI applications. Pi-HCM, arevolutionary Human Capital Management (“HCM”) software based oncloud native platform, was launched earlier this year with strong positivefeedback. While the Group’s Application Software[1]business maintainsa steady stream of recurring revenue from software annuity within itsexisting customer base, the new product launched will help the Group tocapture additional businesses from both existing and new customers inthe region. The Group’s HRMS business in Hong Kong Special AdministrativeRegion (“HKSAR”) continued to capitalise on persistent demand f