DADI EDU(08417)

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大地教育(08417) - 2025 - 年度财报
2025-07-03 08:47
香港聯合交易所有限公司(「聯交所」)GEM的特色 GEM的定位,乃為中小型公司提供一個上市的市場,此等公司相比起其他在聯交所上市的公司帶有較高投資風險。有意 投資的人士應了解投資於該等公司的潛在風險,並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司,在GEM買賣的證券可能會較於主板買賣之證券承受較大的市場波動風險,同時 無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責,對其準確性或完整性亦不發表任何聲明,並明確表示概 不就因本報告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 本報告的資料乃遵照《GEM證券上市規則》(「GEM上市規則」)而刊載,旨在提供有關大地教育控股有限公司(「本公司」)(連 同其附屬公司統稱「本集團」)的資料;本公司的董事(「董事」)願就本報告的資料共同及個別地承擔全部責任。各董事在 作出一切合理查詢後,確認就其所知及所信,本報告所載資料在所有重要方面均屬準確完備,並無誤導或欺詐成分,且 並無遺漏任何其他事項,致使本報告所載任何陳述或本報告產生誤導。 目 錄 3 公司資料 4 主席報 ...
大地教育(08417) - 2025 - 年度业绩
2025-06-26 12:51
大地教育控股有限公司 (於開曼群島註冊成立的有限公司) (股份代號:8417) 截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度 的 全 年 業 績 公 佈 香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 佈 之 內 容 概 不 負 責,對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明,並 明 確 表 示 概 不 對 因 本 公 佈 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 ® DADI EDUCATION HOLDINGS LIMITED 大 地 教 育 控 股 有 限 公 司(「本 公 司」)董 事 會 欣 然 宣 佈 本 公 司 及 其 附 屬 公 司 截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度 的 經 審 核 綜 合 財 務 業 績。本 公 佈 載 有 本 公 司 二 零 二 五 年 年 報(「二 零 二 五 年 年 報」)全 文,符 合 香 港 聯 合 交 易 所 有 限 公 司(「聯 交 所」 ...
大地教育(08417) - 2025 - 中期财报
2024-11-29 12:50
Business Overview - The group primarily provides overseas education consulting services in Hong Kong, focusing on students aiming to study in the UK, Australia, Canada, and the USA [10]. - As of September 30, 2024, the group continues to generate significant commission income from arranging student placements in the UK and Australia [10]. - The company plans to enhance brand awareness through digital marketing channels and aims to attract students and parents from outside Hong Kong [11]. - The development of an online service system is underway to efficiently handle inquiries and school applications from students and parents [11]. - The board believes that the group's performance will improve in the foreseeable future despite current business challenges [11]. - The company is actively seeking suitable partners and qualified consultants to provide high-quality overseas education services [11]. Financial Performance - The group's revenue for the six months ended September 30, 2024, was approximately HKD 6.9 million, a decrease of about 7.7% compared to HKD 7.5 million for the same period in 2023 [16]. - Commission income from arranging students to study in the UK accounted for approximately 48.7% of total revenue, generating about HKD 3.4 million, a decrease of about 5.0% from HKD 3.5 million in 2023 [18]. - Commission income from arranging students to study in Australia increased by approximately HKD 47,000 or about 2.1% to HKD 2.31 million, representing about 33.3% of total revenue [19]. - Commission income from arranging students to study in Canada and the US decreased by about 33.2% to approximately HKD 1.0 million, accounting for about 14.6% of total revenue [20]. - Other income increased from approximately HKD 2.0 million to about HKD 3.9 million, an increase of about 96.2%, mainly due to a net increase in foreign exchange gains [21]. - The group recorded a net loss of approximately HKD 1.4 million for the six months ended September 30, 2024, a decrease from a net loss of about HKD 5.1 million in the same period in 2023 [27]. - The loss before tax for the six months ended September 30, 2024, was HKD 1,327 thousand, a significant improvement from a loss of HKD 5,056 thousand in the same period of 2023 [49]. - The company reported a revenue of HKD 6,915 thousand for the six months ended September 30, 2024, compared to HKD 7,489 thousand for the same period in 2023, representing a decrease of approximately 7.6% [49]. - The group reported a loss attributable to equity holders of HKD 1,852,000 for the six months ended September 30, 2024, compared to a loss of HKD 5,282,000 for the same period in 2023, representing a 65.0% improvement [82]. Risk Management - Key risks include regulatory changes, intense competition in the overseas education consulting industry, and potential economic downturns affecting disposable income [13][14][15]. - The company plans to mitigate risks by maintaining service flexibility, improving service quality, and offering financial support options [13][15]. - The group is committed to sustainable growth by managing identified risks and uncertainties while seizing opportunities [15]. Cash Flow and Assets - As of September 30, 2024, the group's cash and bank balances totaled approximately HKD 36.1 million, an increase from HKD 32.4 million as of March 31, 2024 [28]. - The net cash used in operating activities for the six months ended September 30, 2024, was HKD (978,000), an improvement from HKD (5,470,000) in the same period of 2023 [58]. - The cash and cash equivalents increased to HKD 36,121,000 as of September 30, 2024, compared to HKD 12,336,000 in the previous year, representing a growth of 193% [58]. - The company reported a net cash inflow from investing activities of HKD 6,227,000 for the six months ended September 30, 2024, compared to a net outflow of HKD (20,939,000) in the same period of 2023 [58]. - The total assets minus current liabilities amounted to HKD 55,022,000, a decrease of 5% from HKD 58,107,000 as of March 31, 2024 [50]. Employee and Operational Costs - Employee costs increased by approximately HKD 0.1 million to about HKD 6.3 million, attributed to salary payments to employees in China, Malaysia, and Hong Kong [24]. - Total accrued expenses and other payables amounted to HKD 4,793,000 as of September 30, 2024, compared to HKD 3,949,000 as of March 31, 2024, reflecting an increase of approximately 21.4% [93]. - Employee costs accrued decreased to HKD 830,000 from HKD 1,245,000, a reduction of about 33.4%, indicating potential cost-saving measures [93]. Shareholder Information - The major shareholder, Mr. Zhong, holds 51% of the shares, amounting to 892,710,000 shares, indicating a strong control over the company [106]. - The total number of issued and fully paid shares remained at 1,750,400,000 as of both March 31, 2024, and September 30, 2024 [94]. - The company has significant shareholdings, with Hong Yong holding 892,710,000 shares, representing a substantial portion of the equity [112]. Corporate Governance - The company has maintained compliance with the corporate governance code as per GEM listing rules, ensuring adherence to all applicable provisions [101]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited financial statements for the six months ending September 30, 2024, ensuring compliance with applicable accounting standards [122]. - The company has confirmed that there are no controlling shareholders or directors with interests in any competing businesses as of September 30, 2024 [115]. Future Plans - The company plans to enhance its information technology systems, with an expected completion date by December 2024 [45]. - The group has reassessed the intended use of unutilized proceeds, reallocating HKD 1,502,000 from a large exhibition to the enhancement of IT systems [45]. - The company aims to enhance its internal controls and financial reporting through the audit committee's oversight [122].
大地教育(08417) - 2025 - 中期业绩
2024-11-29 12:46
Compliance and Governance - Dadi Education Holdings Limited reported its interim results for the six months ended September 30, 2024, with a focus on compliance with GEM listing rules[3] - The company confirmed that all directors have collectively and individually accepted responsibility for the accuracy and completeness of the report[9] - The report includes unaudited condensed consolidated financial statements, which are available on the company's website and the Hong Kong Stock Exchange[11] - The interim report will be sent to shareholders and is accessible on the Hong Kong Stock Exchange website[3] - The company emphasizes the importance of understanding the potential risks associated with investing in GEM-listed companies[8] - The company has undergone changes in its board of directors, with new appointments and resignations noted in the report[12] - The report aims to provide comprehensive information about the company's performance and future outlook[9] - The audit committee, composed of independent non-executive directors, has reviewed the unaudited financial statements for the six months ending September 30, 2024, ensuring compliance with applicable accounting standards[127] Financial Performance - The group's revenue for the six months ended September 30, 2024, was approximately HKD 6.9 million, a decrease of about 7.7% compared to HKD 7.5 million for the same period in 2023[21] - Total revenue for the six months ended September 30, 2024, was HKD 6,915,000, a decrease of 7.6% compared to HKD 7,489,000 for the same period in 2023[54] - The loss before tax for the six months ended September 30, 2024, was HKD 1,327,000, significantly improved from a loss of HKD 5,056,000 in the same period last year[54] - The net loss for the six months ended September 30, 2024, was approximately HKD 1.4 million, a decrease from a net loss of HKD 5.1 million in 2023[32] - The company reported a net loss attributable to equity holders of HKD 1,852,000 for the six months ended September 30, 2024, compared to a loss of HKD 5,282,000 in the same period last year[59] - The basic and diluted loss per share for the six months ended September 30, 2024, was HKD 0.07, compared to HKD 0.29 for the same period in 2023[54] - The group reported a loss attributable to equity holders of the company of HKD 1,852,000 for the six months ended September 30, 2024, compared to a loss of HKD 5,282,000 for the same period in 2023[87] Revenue Breakdown - Commission income from arranging students to study in the UK accounted for approximately 48.7% of total revenue, generating about HKD 3.4 million, a decrease of about 5.0% from HKD 3.5 million in 2023[23] - Commission income from arranging students to study in Australia increased by approximately HKD 47,000 or about 2.1% to HKD 2.31 million, representing about 33.3% of total revenue[24] - Commission income from arranging students to study in Canada and the US decreased by approximately 33.2% to about HKD 1.0 million, accounting for about 14.6% of total revenue[25] - Other income increased by approximately HKD 1.9 million or about 96.2% to HKD 3.9 million, primarily due to an increase in foreign exchange gains[26] Expenses and Costs - Marketing costs decreased from approximately HKD 1.8 million to HKD 1.4 million, attributed to increased use of digital marketing[27] - Employee costs increased by approximately HKD 0.1 million to HKD 6.3 million, mainly due to salary payments to employees in China and Malaysia[29] - Other expenses decreased from approximately HKD 6.2 million to HKD 4.9 million, primarily due to a reduction in foreign exchange losses[30] - The group’s financing costs increased to HKD 57,000 for the six months ended September 30, 2024, compared to HKD 33,000 in the same period of 2023[79] - The group’s administrative management fee income decreased to HKD 200,000 for the six months ended September 30, 2024, from HKD 371,000 in the same period of 2023[78] - The group’s depreciation on owned assets was HKD 15,000 for the six months ended September 30, 2024, down from HKD 115,000 in the same period of 2023[81] Cash Flow and Financial Position - As of September 30, 2024, the group's cash and bank balances totaled approximately HKD 36.1 million, an increase from HKD 32.4 million as of March 31, 2024[33] - Cash and cash equivalents as of September 30, 2024, increased to HKD 36,121,000 from HKD 12,336,000 as of the same date in 2023[63] - The group reported a significant increase in cash flow from investing activities, with a net cash inflow of HKD 6,227,000 for the six months ended September 30, 2024, compared to an outflow of HKD 20,939,000 in the same period last year[63] - The total assets less current liabilities amounted to HKD 55,022,000, down from HKD 58,107,000 as of March 31, 2024[55] - The fair value gain on financial assets measured at fair value through profit or loss was approximately HKD 0.5 million for the six months ended September 30, 2024, with the total fair value of these assets at approximately HKD 6.6 million[42] Shareholder Information - The company’s total equity attributable to equity holders decreased to HKD 54,071,000 from HKD 55,728,000 as of March 31, 2024[55] - As of September 30, 2024, the total equity attributable to shareholders was approximately HKD 17.5 million, a slight decrease from HKD 55.7 million as of March 31, 2024[35] - The total number of issued and fully paid shares remained at 1,750,400,000 as of both March 31, 2024, and September 30, 2024[99] - As of September 30, 2024, major shareholder Mr. Zhong holds 892,710,000 shares, representing a significant ownership stake[117] Dividends and Share Options - The group did not recommend the payment of an interim dividend for the six months ended September 30, 2024, consistent with no dividend declared for the same period in 2023[86] - The board did not recommend the payment of an interim dividend for the six months ended September 30, 2024, consistent with the previous year[104] - The company has established a share option scheme aimed at attracting and retaining talented employees, with specific terms outlined in compliance with GEM listing rules[121] - No share options have been granted, exercised, or cancelled from the adoption date of the share option scheme until September 30, 2024[125] Other Information - The company has no significant investments, acquisitions, or plans for capital assets as of the report date[43] - The company confirmed compliance with the minimum public float requirement of 25% as of September 30, 2024[108] - The group has not entered into any derivative agreements or used financial instruments to hedge foreign exchange risks as of September 30, 2024[39] - There have been no significant events affecting the group since September 30, 2024, up to the report date[44] - The company and its subsidiaries did not purchase, sell, or redeem any listed securities during the six months ended September 30, 2024[105] - The company plans to publish its interim results announcement on the Hong Kong Stock Exchange and its official website[128]
大地教育(08417) - 2024 - 年度财报
2024-06-28 10:05
香港聯合交易所有限公司(「聯交所」)GEM的特色 GEM的定位,乃為中小型公司提供一個上市的市場,此等公司相比起其他在聯交所上市的公司帶有較高投資風險。有意 投資的人士應了解投資於該等公司的潛在風險,並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司,在GEM買賣的證券可能會較於主板買賣之證券承受較大的市場波動風險,同時 無法保證在GEM買賣的證券會有高流通量的市場。 董事會 執行董事 鍾宏龍先生 (主席) 莫柏祺先生 (行政總裁) 鍾家益先生 蘇可秀女士 獨立非執行董事 黃德俊先生 鍾維娜女士 曾志豐先生(於二零二四年四月一日辭任) 李婉珊女士(於二零二四年四月一日獲委任) 香港交易及結算所有限公司及聯交所對本報告的內容概不負責,對其準確性或完整性亦不發表任何聲明,並明確表示概 不就因本報告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 本報告的資料乃遵照《GEM證券上市規則》(「GEM上市規則」)而刊載,旨在提供有關大地教育控股有限公司(「本公司」)(連 同其附屬公司統稱「本集團」)的資料;本公司的董事(「董事」)願就本報告的資料共同及個別地承擔全部責任。 ...
大地教育(08417) - 2024 - 年度业绩
2024-06-26 14:22
香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 佈 之 內 容 概 不 負 責,對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明,並 明 確 表 示 概 不 對 因 本 公 佈 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 ® 承 董 事 會 命 大 地 教 育 控 股 有 限 公 司 主 席 兼 執 行 董 事 鍾 宏 龍 DADI EDUCATION HOLDINGS LIMITED 大地教育控股有限公司 (於開曼群島註冊成立的有限公司) (股份代號:8417) 截 至 二 零 二 四 年 三 月 三 十 一 日 止 年 度 的 全 年 業 績 公 佈 大 地 教 育 控 股 有 限 公 司(「本 公 司」)董 事 會 欣 然 宣 佈 本 公 司 及 其 附 屬 公 司 截 至 二 零 二 四 年 三 月 三 十 一 日 止 年 度 的 經 審 核 綜 合 財 務 業 績。本 公 佈 載 有 本 公 司 二 零 二 四 年 年 報(「二 ...
大地教育(08417) - 2024 Q3 - 季度财报
2024-02-09 09:34
Revenue Performance - For the nine months ended December 31, 2023, the group's revenue was approximately HKD 9.3 million, a decrease of about 1.5% compared to HKD 9.4 million for the same period in 2022[15]. - Commission income from arranging students to study in the UK accounted for approximately 49.6% of total revenue, down from 61.7% in 2022, with income decreasing to about HKD 4.6 million from HKD 5.8 million[16]. - Commission income from arranging students to study in Australia increased by approximately HKD 1.1 million to about HKD 2.8 million, representing about 30.1% of total revenue, up from 17.8% in 2022[17]. - Commission income from arranging students to study in Canada and the United States decreased by approximately 3.6% to about HKD 1.6 million, accounting for about 17.4% of total revenue for the nine months ended December 31, 2023[18]. - Revenue from overseas education consulting services for the nine months ended December 31, 2023, was HKD 9,307,000, a slight decrease of 1.5% compared to HKD 9,449,000 for the same period in 2022[38]. Financial Performance - The company reported a net loss for the nine months ended December 31, 2023, was approximately HKD 6.3 million, a decrease from a net loss of about HKD 9.8 million for the same period in 2022[24]. - The company’s total comprehensive loss for the nine months ended December 31, 2023, was HKD 6,276,000, reflecting ongoing challenges in the market[28]. - The company reported a loss attributable to equity holders of HKD 6,737,000 for the nine months ended December 31, 2023, compared to a loss of HKD 10,403,000 for the same period in 2022, representing a 35.5% improvement[45]. - The company recorded a fair value loss of HKD 2.2 million for the nine months ended December 31, 2022, but did not record any such loss for the same period in 2023[24]. - The company recognized a fair value loss on financial assets of HKD 2,165,000 for the nine months ended December 31, 2023[41]. Operational Strategy - The group plans to enhance its digital platform to improve online coverage and attract more students[11]. - The group aims to expand its geographical coverage beyond Hong Kong to markets such as China and Malaysia to diversify revenue sources[13]. - The group will continue to strengthen strategic relationships with key stakeholders in the education sector to enhance its network and visibility[13]. - The group anticipates continued demand for overseas education consulting services driven by globalization trends and the increasing importance of international experience in the job market[10]. - The group is focused on improving customer service and providing personalized advice and additional value-added services[11]. Income and Expenses - Other income increased from approximately HKD 3.3 million to about HKD 4.5 million, representing a growth of about 37.7% due to higher bank interest income and recorded foreign exchange gains[19]. - Employee benefits expenses rose slightly from approximately HKD 9.5 million to about HKD 9.6 million, primarily due to minor salary adjustments[21]. - Marketing costs remained stable at approximately HKD 2.2 million for the nine months ended December 31, 2023[20]. - The company generated bank interest income of HKD 1,203,000 for the nine months ended December 31, 2023, which is a 97.3% increase from HKD 609,000 in the previous year[39]. - The company reported a net foreign exchange gain of HKD 951,000 for the three months ended December 31, 2023, compared to no gain in the same period last year[39]. Shareholder and Governance - As of December 31, 2023, the major shareholder, Hong Yong, holds 892,710,000 shares, representing 51% of the total shares[54]. - The company has confirmed compliance with the minimum public float requirement of 25%[58]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial results for the nine months ending December 31, 2023, ensuring compliance with applicable accounting standards[62]. - The company has adhered to all applicable corporate governance code provisions as of December 31, 2023[55]. - The company has confirmed that all directors have complied with the trading code of conduct as of December 31, 2023[57]. Risks and Challenges - The decrease in UK commission income was primarily due to a reduction in the number of students immigrating to the UK as a result of BNO holder immigration policies[16]. - The company faces risks including economic and geopolitical factors, competition from other education consultants, and cybersecurity threats[13]. - The company incurred a net foreign exchange loss of HKD 3,162,000 for the three months ended December 31, 2023, compared to a loss of HKD 1,273,000 for the same period in 2022[41]. - The effective tax rate for the company's operations in China is 25%, with a two-tiered profit tax rate system applicable for qualifying entities[42]. - The company reported a current tax expense of HKD 62,000 for the nine months ended December 31, 2023, compared to HKD 163,000 for the same period in 2022[43].
大地教育(08417) - 2024 Q3 - 季度业绩
2024-02-09 09:26
Business Overview - The group is a major provider of overseas education consulting services in Hong Kong, primarily generating revenue from commissions for arranging students to study in the UK and Australia[14]. - The outlook for the group is optimistic due to the sustained demand for overseas education consulting services among local students, driven by globalization and the increasing importance of international experience in the job market[15]. - The group plans to enhance its digital platform, focusing on improving online coverage through websites and social media to attract more students[16]. - The group aims to improve customer service by providing personalized advice and additional value-added services to students and stakeholders[16]. Financial Performance - The group's revenue for the nine months ended December 31, 2023, was approximately HKD 9.3 million, a decrease of about 1.5% compared to HKD 9.4 million for the same period in 2022[20]. - Commission income from arranging students to study in the UK decreased to approximately HKD 4.6 million, accounting for about 49.6% of total revenue, down from 61.7% in 2022[21]. - Commission income from arranging students to study in Australia increased by approximately HKD 1.1 million to about HKD 2.8 million, representing about 30.1% of total revenue, up from 17.8% in 2022[22]. - Other income rose from approximately HKD 3.3 million to about HKD 4.5 million, an increase of about 37.7%, mainly due to higher bank interest income and recorded foreign exchange gains[24]. - The net loss for the nine months ended December 31, 2023, was approximately HKD 6.3 million, a decrease from a net loss of about HKD 9.8 million in 2022[29]. - The group incurred a loss before tax of HKD 6,216,000 for the nine months ended December 31, 2023, an improvement of 35.5% compared to a loss of HKD 9,673,000 for the same period in 2022[32]. - The group’s total comprehensive loss for the nine months ended December 31, 2023, was HKD 6,276,000, compared to a loss of HKD 9,894,000 for the same period in 2022[32]. - The company reported a loss attributable to equity holders of approximately HKD 6,737,000 for the nine months ended December 31, 2023, compared to a loss of HKD 10,403,000 for the same period in 2022, representing a 35.5% improvement[50]. Cost Management - Employee costs increased slightly to approximately HKD 9.6 million from HKD 9.5 million, primarily due to minor salary adjustments[26]. - Marketing costs remained stable at approximately HKD 2.2 million compared to the previous year[25]. - The group’s marketing costs for the nine months ended December 31, 2023, were HKD 2,291,000, slightly higher than HKD 2,283,000 for the same period in 2022[32]. Strategic Initiatives - The group plans to expand its geographical coverage from Hong Kong to other markets in China and Malaysia to diversify revenue sources[18]. - The group aims to establish strategic relationships with key stakeholders in the education sector to enhance its network and visibility[18]. - The group plans to expand its overseas educational institutions with an allocation of HKD 700 million, which remains fully unutilized as of December 31, 2023[31]. - The group has reallocated HKD 5,649 million for hiring additional consultants and support staff, with a projected utilization by March 2025[31]. Risks and Compliance - The group faces risks including economic and geopolitical uncertainties, competition from other education consultancy providers, and operational risks related to attracting qualified staff[18]. - The effective tax rate for the group’s operations in China is 25%, with a two-tiered profit tax rate system applicable in Hong Kong[47]. - The company confirms compliance with all applicable corporate governance codes as per GEM Listing Rules as of December 31, 2023[60]. - All directors confirmed adherence to the trading code of conduct for securities transactions as of December 31, 2023[62]. - The company confirms compliance with the minimum public float level of 25% as of the report date[63]. - There are no controlling shareholders or directors with interests in any competing businesses as of December 31, 2023[64]. Other Financial Information - The total unutilized net proceeds as of December 31, 2023, amounted to HKD 9,269 million, with significant allocations for enhancing brand awareness (HKD 1,587 million) and IT system upgrades (HKD 1,733 million) expected to be utilized by December 2024[31]. - The company held financial assets valued at approximately HKD 6.3 million as of December 31, 2023, consisting of units in a fund managed by BlackRock Asset Management[52]. - The company did not engage in any significant acquisitions or disposals of subsidiaries or associated companies during the reporting period[53]. - There were no significant events affecting the company from December 31, 2023, to the report date[54]. - The company did not buy, sell, or redeem any of its listed securities during the nine months ended December 31, 2023[55]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial results for the nine months ended December 31, 2023, ensuring compliance with applicable accounting standards and GEM listing rules[67].
大地教育(08417) - 2024 - 中期财报
2023-11-14 12:25
Revenue Performance - For the six months ended September 30, 2023, the group's revenue was approximately HKD 7.5 million, a decrease of about 10.8% compared to HKD 8.4 million for the same period in 2022[11]. - Commission income from arranging students to study in the UK accounted for approximately 47.3% of total revenue, down from 58.5% in the previous year, with a decrease in income to about HKD 3.5 million, a reduction of approximately 27.8%[13]. - Commission income from arranging students to study in Australia increased by approximately 39.1% to about HKD 2.3 million, representing 30.2% of total revenue for the period, up from 19.3% in the previous year[14]. - Commission income from arranging students for studies in Canada and the US decreased by approximately 8.8% to about HKD 1.5 million, accounting for approximately 20.2% of total revenue for the six months ended September 30, 2023[15]. - The group's revenue for the six months ended September 30, 2023, was HKD 7,489,000, a decrease of 10.8% compared to HKD 8,399,000 for the same period in 2022[57]. - The group’s revenue from the UK decreased to HKD 3,546,000 for the six months ended September 30, 2023, down 27.8% from HKD 4,911,000 in the same period last year[57]. - The group’s revenue from Canada decreased slightly to HKD 1,227,000 for the six months ended September 30, 2023, compared to HKD 1,406,000 in the previous year[57]. - Revenue from Australia increased to HKD 2,258,000 for the six months ended September 30, 2023, up 39.2% from HKD 1,623,000 in the same period last year[57]. Financial Performance - The net loss for the six months ended September 30, 2023, was approximately HKD 5.1 million, a decrease from a net loss of about HKD 8.0 million for the same period in 2022[21]. - The company incurred a loss before tax of HKD 5.056 million for the six months ended September 30, 2023, compared to a loss of HKD 7.938 million for the same period in 2022, representing a 36% improvement[40]. - The company reported a loss attributable to equity holders of HKD 5,282,000 for the six months ended September 30, 2023, compared to a loss of HKD 8,375,000 for the same period in 2022, representing a 37.5% improvement[66]. - The company incurred a loss of HKD 5,282,000 during the six months ended September 30, 2023, compared to a loss of HKD 8,349,000 in the same period of 2022, reflecting a reduction in losses of approximately 36.5%[42]. - The group reported a pre-tax loss of HKD 945,000 for the six months ended September 30, 2023, compared to a loss of HKD 4,435,000 in the same period of 2022[62]. Cash Flow and Assets - As of September 30, 2023, the total cash and bank balances were approximately HKD 12.3 million, down from HKD 40.1 million as of March 31, 2023, mainly due to operating losses[22]. - The company reported a net cash outflow from operating activities of HKD 5,470,000 for the six months ended September 30, 2023, compared to HKD 6,960,000 for the same period in 2022, indicating an improvement of approximately 21.4%[44]. - The total cash and cash equivalents decreased to HKD 12,336,000 as of September 30, 2023, down from HKD 54,007,000 at the end of the previous period, representing a decline of approximately 77.2%[44]. - The total assets as of September 30, 2023, were HKD 54.766 million, down from HKD 60.306 million as of March 31, 2023[41]. - The company’s total equity attributable to equity holders decreased to HKD 57,008,000 as of September 30, 2023, down from HKD 64,288,000 at the end of the previous period, a decline of approximately 11.4%[42]. - The company’s cash flow from financing activities showed a net outflow of HKD 1,397,000 for the six months ended September 30, 2023, compared to HKD 1,353,000 in the same period of 2022, indicating a slight increase in cash outflow of approximately 3.3%[44]. Operational Costs - Marketing costs rose from approximately HKD 1.6 million to about HKD 1.8 million, attributed to increased marketing activities to enhance market awareness[17]. - Employee costs increased by approximately HKD 0.4 million to about HKD 6.2 million, mainly due to salary payments to employees in China, Malaysia, and Hong Kong[18]. - Other expenses decreased from approximately HKD 8.3 million to about HKD 6.2 million, primarily due to a reduction in net foreign exchange losses[19]. - Income tax expenses decreased from approximately HKD 68,000 to about HKD 18,000, due to a reduction in taxable profits of one of the subsidiaries[20]. - The company paid service fees of HKD 474,000 to a related party for the six months ended September 30, 2023, compared to HKD 345,000 in the same period of 2022, marking a 37.4% increase[76]. Strategic Initiatives - The group anticipates continued demand for overseas education consulting services driven by globalization trends and the increasing importance of international experience in the job market[8]. - The group plans to enhance its digital platform to improve online visibility and attract more students[9]. - The group aims to expand its geographical coverage beyond Hong Kong to markets such as China and Malaysia to diversify revenue sources[9]. - The group will continue to establish strategic relationships with key stakeholders in the education sector to enhance its network and provide additional value to students[10]. Risks and Compliance - The group faces risks including economic and geopolitical factors, competition from other education consultants, and uncertainties in the overseas education market[12]. - The company confirmed compliance with the corporate governance code as per GEM listing rules for the reporting period[82]. - The company has complied with applicable accounting standards and GEM listing rules for the unaudited financial statements for the six months ending September 30, 2023[95]. Shareholder Information - As of September 30, 2023, Mr. Zhong Honglong holds 892,710,000 shares, representing 51% of the company's total issued share capital[86]. - The company has a beneficial ownership of 892,710,000 shares by Hongyong, which is also 51% of the total shares[89]. - Ms. Yin Xiaopei, as the spouse of Mr. Zhong, is also considered to have a beneficial interest in the 892,710,000 shares[89]. - Zeming Pty Limited and Leng Lisa Chunying each hold 97,000,000 shares, representing 5.54% of the total shares[89]. - The company has not issued any stock options since the adoption of the stock option plan on January 17, 2017, and no options remain unexercised as of September 30, 2023[93].
大地教育(08417) - 2024 - 中期业绩
2023-11-14 12:21
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