F8企业(08347) - 2025 - 中期业绩

Financial Performance - F8 Enterprises (Holdings) Group Limited announced its unaudited interim results for the six months ended September 30, 2024[1]. - The Group recorded a revenue of approximately HK$183.9 million for the six months ended 30 September 2024, representing an increase of approximately HK$48.9 million or 36.2% compared to the same period in 2023[33]. - The Group achieved a net profit of approximately HK$1.9 million for the six months ended 30 September 2024, a turnaround from a net loss of approximately HK$2.4 million for the same period in 2023[34]. - The increase in profit was primarily due to higher sales of diesel oil, increased other gains and losses, and a decrease in other operating expenses compared to the previous year[34]. - Gross profit for the six months ended 30 September 2024 was HK$9.975 million, compared to HK$7.731 million for the same period in 2023[38]. - The profit from operations for the six months ended 30 September 2024 was HK$2.559 million, compared to a loss of HK$2.190 million in the previous year[38]. - The basic and diluted earnings per share attributable to owners of the Company for the period was 1.38 HK cents, compared to a loss of 1.76 HK cents in the previous year[38]. - The Group's total comprehensive income for the period was HK$1.896 million, compared to a loss of HK$2.416 million for the same period in 2023[38]. - Profit before taxation for the period was HK$1,896,000, a significant improvement from a loss of HK$2,416,000 in the previous year[93]. Revenue Breakdown - For the six months ended September 30, 2024, the total revenue was HK$183,928,000, representing an increase of 36.2$134,981,000 for the same period in 2023[63]. - Revenue from diesel oil sales was HK$180,392,000, which accounted for the majority of total revenue, showing a significant increase from HK$132,276,000 in the previous year[63]. - The Group's sales of marine diesel oil amounted to HK$2,849,000, an increase from HK$2,094,000 in the previous year[63]. - Lubricant oil sales contributed HK$687,000, up from HK$611,000 in the same period last year[63]. - Revenue from Customer B was HK$31,347,000 for the six months ended 30 September 2024, while Customer A's revenue was HK$15,371,000 for the same period[72]. Expenses and Costs - Administrative expenses for the period were HK$7.623 million, compared to HK$7.296 million for the same period in 2023[38]. - Interest expenses on bank and other borrowings increased to HK$772,000 in 2024 from HK$523,000 in 2023[80]. - Total expenses related to short-term leases decreased to HK$214,000 in 2024 from HK$728,000 in 2023[84]. - The Group's financing costs totaled HK$957,000 for the six months ended September 30, 2024, compared to HK$915,000 in 2023[80]. Assets and Liabilities - As of September 30, 2024, total assets less current liabilities amounted to HK$94,618,000, an increase from HK$92,722,000 as of March 31, 2024, reflecting a growth of approximately 2.04%[41]. - Net current assets increased to HK$46,398,000 from HK$43,840,000, representing a growth of about 5.83%[41]. - The company's net assets increased to HK$93,593,000 as of September 30, 2024, from HK$91,697,000, marking a growth of approximately 2.07%[41]. - Total equity rose to HK$93,593,000 from HK$91,697,000, reflecting an increase of about 2.07%[41]. - Trade receivables decreased to HK$76,090,000 from HK$84,211,000, a decline of about 9.66%[41]. - Trade payables amounted to HK$27,581,000, a decrease from HK$29,411,000 as of March 31, 2024, representing a reduction of approximately 6.2%[119]. Cash Flow - The company reported a net cash generated from operating activities of HK$19,301,000 for the six months ended September 30, 2024, compared to a net cash used of HK$8,661,000 in the same period of 2023[50]. - Cash and cash equivalents at the end of the period were HK$16,464,000, up from HK$7,969,000 in the previous year, indicating a significant increase of approximately 106.4%[50]. - The company’s cash and cash equivalents at the beginning of the period were HK$10,452,000, down from HK$28,557,000 in the previous year, indicating a decrease of about 63.4%[50]. - The company reported a net cash used in financing activities of HK$13,289,000 for the six months ended September 30, 2024, compared to HK$11,927,000 in the same period of 2023[50]. Dividends - The Board does not recommend the payment of any dividend for the six months ended September 30, 2024[34]. - No dividends were recommended for the six months ended September 30, 2024, consistent with the previous year[88]. Compliance and Reporting - The company is compliant with the GEM Listing Rules and has confirmed the accuracy and completeness of the information provided in the report[2]. - The interim report will be available on the Hong Kong Stock Exchange and the company's website for shareholders to review[3]. - The unaudited condensed consolidated financial statements have been reviewed by the audit committee of the Company[59]. - The Group has applied all new amendments to HKFRSs that are effective for the accounting period beginning on or after April 1, 2024, with no material impact on the financial statements[59]. - The accounting policies adopted are consistent with those applied in the Group's audited annual financial statements for the year ended March 31, 2024[58]. Insurance and Guarantees - The total insured sum under key management personnel life insurance policies is approximately US$3,150,000 (equivalent to HK$24,570,000) as of 31 March 2024[116]. - The total insurance premium paid at the inception of the life insurance policy was approximately US$768,000 (equivalent to approximately HK$5,990,000) as of 31 March 2024[116]. - The guaranteed interest rate for the first five years of the life insurance contracts ranges from 4.10% to 4.25% per annum[116]. - Mr. Fong Chun Man, an executive director, provides personal guarantees and life insurance policies totaling US$2,600,000 as securities for loan facilities granted to the Group[197].