Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 15,510,000, an increase of 16.5% compared to HKD 13,292,000 for the same period in 2023[7] - The gross profit for the same period was HKD 4,182,000, up 13.6% from HKD 3,682,000 year-on-year[7] - The company incurred a loss before tax of HKD 281,000, slightly higher than the loss of HKD 271,000 in the previous year[7] - Basic loss per share for the period was HKD 0.06, compared to HKD 0.05 for the same period last year[7] - The company reported a loss attributable to owners of the company of HKD 281 thousand for the six months ended September 30, 2024, compared to a loss of HKD 271 thousand in the same period of 2023[27] - The group recorded a net loss attributable to the owners of approximately HKD 300,000 for the current period, consistent with the loss reported in 2023[68] Assets and Liabilities - Total assets as of September 30, 2024, were HKD 5,390,000, down from HKD 5,942,000 as of March 31, 2024[9] - Current liabilities amounted to HKD 11,258,000, a decrease from HKD 15,305,000 as of March 31, 2024[9] - The company's total equity attributable to owners decreased to HKD (1,269,000) from HKD (988,000) as of March 31, 2024[9] - The company's cash and cash equivalents at the end of the period were HKD 2,352 thousand, a decrease from HKD 6,108 thousand at the end of the same period in 2023[13] - As of September 30, 2024, the group's net current liabilities were approximately HKD 6,700,000, with cash and bank balances of about HKD 2,400,000[70] Cash Flow - For the six months ended September 30, 2024, the net cash used in operating activities was HKD (2,451) thousand, a significant decrease from HKD 105 thousand in the same period of 2023[13] - The net cash used in financing activities was HKD (35) thousand, compared to HKD 2,044 thousand in the previous year, indicating a substantial reduction in financing cash flow[13] - The total cash and cash equivalents decreased by HKD 2,486 thousand, down from an increase of HKD 2,150 thousand in the prior year[13] Expenses - Administrative expenses increased to HKD 4,428,000 from HKD 4,071,000 year-on-year[7] - The total employee and director remuneration for the current period was approximately HKD 5,300,000, down from HKD 6,100,000 in 2023, with a total of 20 employees as of September 30, 2024[71] Receivables and Payables - Trade receivables from third parties decreased to HKD 6,479,000 as of September 30, 2024, from HKD 10,986,000 as of March 31, 2024, reflecting a reduction of 41%[37] - The aging analysis of trade receivables shows that amounts overdue by more than 180 days increased to HKD 2,150,000 as of September 30, 2024, compared to HKD 2,123,000 as of March 31, 2024[39] - Total trade and other payables were HKD 9,998,000 as of September 30, 2024, down from HKD 13,968,000 as of March 31, 2024, representing a decrease of 28%[43] - The company had no trade payables to third parties as of September 30, 2024, compared to HKD 2,238,000 as of March 31, 2024[44] Corporate Governance - The company has complied with all corporate governance code provisions, except for the requirement of having at least three independent non-executive directors[92] - The financial results were reviewed by the company's audit committee, composed of three independent non-executive directors[96] - The report was issued on November 29, 2024, indicating the company's ongoing commitment to transparency[96] Future Outlook and Strategy - The company has not provided specific guidance for future performance or new product developments in the current report[6] - The group plans to expand its business into new regions, including mainland China, and diversify into sectors such as the renewable energy industry[66] - The company is focused on the development of new energy technologies, aligning with market trends[97] - Future outlook includes potential market expansion strategies to enhance growth[97] - The company is exploring mergers and acquisitions to strengthen its market position[97] - New product development initiatives are underway to meet evolving consumer demands[97] Share Capital and Options - The company has a share option plan that allows for the issuance of up to 41,800,000 shares, accounting for about 10% of the issued share capital at the time of adoption[84] - The total number of shares that can be issued under the share option plan cannot exceed 30% of the issued shares at the time of any update[86] - The company has not granted any share options since the adoption of the plan[88] Miscellaneous - The company has not identified any significant events related to its business or financial performance after the reporting period ending September 30, 2024[64] - The company did not recommend any dividend for the six months ended September 30, 2024, consistent with the previous year where no dividend was declared[26] - The company continues to apply the same accounting policies and methods of computation as in the previous financial year, ensuring consistency in financial reporting[19] - The group has not engaged in any fundraising activities during the current period[74] - The group has no foreign exchange risk as its revenue and business costs are primarily denominated in HKD[71]
中国来骑哦(08039) - 2025 - 中期业绩