中国来骑哦(08039) - 2025 - 中期财报

Revenue and Profitability - Revenue for the six months ended September 30, 2024, was HK$15.51 million, an increase of 16.7$13.29 million in the same period last year[6] - Revenue for the six months ended September 30, 2024, was derived entirely from Hong Kong, with no regional breakdown provided[21] - Revenue for the six months ended September 30, 2024, was approximately HKD 15.5 million, a 16.7% increase compared to HKD 13.3 million in the same period in 2023[65] - Total revenue for the period was approximately HKD 15,500,000, an increase of HKD 2,200,000 or 16.7% compared to the same period in 2023, primarily due to contributions from large contract projects[67] - Gross profit for the period was HK$4.18 million, up 13.6$3.68 million in the previous year[6] - Gross profit margin decreased slightly from 27.7% in the six months ended September 30, 2023, to 27.0% in the current period[67] - The company reported a net loss of HK$281,000 for the six months ended September 30, 2024, slightly higher than the HK$271,000 loss in the same period last year[6] - 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 HKD 271 thousand for the same period in 2023[26] - Loss for the six months ended September 30, 2024, was approximately HKD 300,000, consistent with the same period in 2023[65] - The company recorded a net loss attributable to owners of approximately HKD 300,000, consistent with the same period in 2023[67] Financial Position and Cash Flow - Cash and cash equivalents decreased by HK$2.49 million to HK$2.35 million as of September 30, 2024, compared to HK$4.84 million at the beginning of the period[12] - Total assets decreased to HK$5.39 million as of September 30, 2024, from HK$5.94 million at the end of the previous fiscal year[8] - The company's net liabilities position worsened to HK$1.27 million as of September 30, 2024, compared to HK$988,000 at the end of the previous fiscal year[8] - Operating cash outflow was HK$2.45 million for the six months ended September 30, 2024, compared to an inflow of HK$105,000 in the same period last year[12] - The company's accumulated losses increased to HK$54.52 million as of September 30, 2024, from HK$54.24 million at the beginning of the period[10] - Total equity decreased to a deficit of HK$1.27 million as of September 30, 2024, from a deficit of HK$988,000 at the end of the previous fiscal year[10] - As of September 30, 2024, the company had a net current liability of approximately HKD 6,700,000, with bank and cash balances of HKD 2,400,000[69] Trade and Contract Assets - Trade receivables as of September 30, 2024, amounted to HKD 6,479 thousand, with an expected credit loss provision of HKD 1,155 thousand, resulting in a net trade receivables balance of HKD 5,324 thousand[36] - Contract assets as of September 30, 2024, were HKD 905 thousand, with no expected credit loss provision, and are expected to be recovered within one year[39] - The company's trade receivables aging analysis showed that HKD 2,123 thousand was due within 30 days, while HKD 2,150 thousand was overdue by more than 180 days as of September 30, 2024[38] - Trade payables to third parties decreased from HKD 2,238 thousand as of March 31, 2024, to HKD 0 as of September 30, 2024[42][43] - Contract liabilities decreased from HKD 216 thousand as of March 31, 2024, to HKD 0 as of September 30, 2024, due to recognition as revenue[46] Expenses and Liabilities - Administrative expenses increased by HKD 300,000 or 8.8$4.93 million during the period[10] - The company has issued 493,000 ordinary shares with a par value of HKD 0.01 each, totaling HKD 4,930 thousand[62] - New Energy Business Cluster Company Limited, controlled by Mr. Zhou Renchao, holds 53.93% of the company's issued share capital[75] - New Energy Business Cluster Company Limited holds 265,865,000 shares, representing 53.93% of the issued share capital[79] - Zhou Renchao holds 15% equity in New Energy Business Cluster Company Limited, which owns 85% of the company's issued share capital, totaling 53.93%[79] - The company's share option plan allows for the issuance of up to 41,800,000 shares, representing approximately 10% of the issued share capital at the time of plan adoption[83] - The total number of shares that can be issued under all share option plans must not exceed 30% of the issued share capital at the time of update[85] - No share options have been granted under the share option plan since its adoption[87] Legal and Compliance - The company is involved in a legal dispute over an alleged debt of approximately HKD 5.8 million, including principal and interest[50] - The company is involved in ongoing litigation with a claim of HKD 5,830,000 related to alleged debts and bonds, with a case management hearing scheduled for October 15, 2024[72] - The company failed to comply with GEM Listing Rules regarding the minimum number of independent non-executive directors and audit committee members[91] - The company's unaudited interim financial results were reviewed by the audit committee, which consists of three independent non-executive directors[95] Business Strategy and Operations - The company plans to expand its business coverage to mainland China and explore opportunities in the new energy sector[65] - The company is focusing on cost reduction, negotiating with subcontractors, and closely monitoring receivables to mitigate risks[65] - The company had 20 employees as of September 30, 2024, down from 27 in 2023, with total employee and director remuneration of HKD 5,300,000[70] Dividends and Share Transactions - The company did not declare any dividends for the six months ended September 30, 2024, consistent with the previous year[25] - The company did not purchase, sell, or redeem any listed securities during the period[93] Significant Events - No significant events affecting the company's business or financial performance were reported after September 30, 2024[63]