东方表行集团(00398) - 2025 - 中期财报

Financial Performance - Revenue for the six months ended September 30, 2024, was HK$1,800,461, a decrease of 2.6$1,848,126 in the same period of 2023[4] - Gross profit for the period was HK$560,423, down from HK$572,185, reflecting a gross margin of approximately 31.1%[4] - Profit for the period attributable to owners of the company was HK$119,384, a decrease of 13.9$138,704 in 2023[6] - Earnings per share for the period was 24.50 HK cents, down from 28.32 HK cents in the previous year[6] - Profit before taxation for the Group was HK$186,016, down 13.4$214,676 in the previous year[32] - Operating profit fell by 13.5% year-on-year to HK$186 million, compared to HK$215 million in 2023[132] - Profit before taxation for the six months ended 30 September 2024 was HK$119,398,000, a decrease from HK$138,041,000 in 2023, representing a decline of approximately 13.5%[54] Comprehensive Income - Total comprehensive income for the period was HK$148,307, significantly higher than HK$70,503 in the same period last year[6] - The total comprehensive income for the period included a profit of HK$119,398, contributing to the overall equity increase[12] Cash Flow and Liquidity - Cash and cash equivalents increased to HK$1,089,388 from HK$898,634, indicating improved liquidity[8] - The Group's net cash from operating activities for the six months ended September 30, 2024, was HK$235,901,000, an increase from HK$222,760,000 in the same period of 2023, representing a growth of approximately 5.1$5,324,000, compared to a net cash outflow of HK$19,044,000 in the previous year, indicating a significant improvement[18] - The net cash used in financing activities decreased to HK$67,493,000 from HK$77,311,000, reflecting a reduction of approximately 12.4$1,089,388,000, down from HK$1,175,925,000 in the previous year, a decrease of about 7.3$1,340,318, up from HK$1,207,736 as of March 31, 2024, representing an increase of approximately 10.95$1,941,216 from HK$1,958,525, a decline of about 0.88$1,832,181, compared to HK$1,795,967, reflecting an increase of approximately 2.02$623,847 from HK$428,950, reflecting a rise in trade and other payables[8] Inventory and Management - Inventories rose to HK$506,592, up from HK$442,997, suggesting potential challenges in inventory management[8] - The Group strategically increased its inventory level to HK$507 million as of September 30, 2024, representing a 14.4% increase from HK$443 million as of March 31, 2024[140] Dividends - The Company declared a special dividend of HK$83,826 for 2024, impacting the retained earnings[12] - The interim dividend proposed for 2025 is expected to be HK$29,729, reflecting ongoing shareholder returns[12] - The final dividend declared for the year ended 31 March 2024 was 5.8 HK cents per share, totaling HK$28,267,000, down from 7.5 HK cents per share and HK$36,552,000 in 2023[51] - An interim dividend of 6.1 HK cents per share, totaling HK$29,729,000, was declared for the six months ended 30 September 2024, compared to 7.0 HK cents per share and HK$34,115,000 in 2023, reflecting a decrease of approximately 13.0$90,161,000, down from 21.5 HK cents per share and HK$104,782,000 in 2023, indicating a decline of about 13.9$423,882, down 12.1% from HK$482,655 in 2023[32] - The PRC segment generated revenue of HK$1,322,763, an increase of 1.9% compared to HK$1,302,486 in 2023[32] - The Macau segment reported revenue of HK$53,816, a decrease of 14.6% from HK$62,985 in 2023[32] - Segment profit for Hong Kong was HK$6,847, a decrease of 49.7% from HK$13,607 in 2023[32] - The PRC segment's profit was HK$212,328, down 3.5% from HK$220,096 in 2023[32] Shareholder Information - The Group's issued and fully paid ordinary shares remain at 487,358,224 shares, maintaining a stable capital structure[93] - Mr. Yeung Him Kit, Dennis holds 4,084,000 shares, representing 0.84% of the issued share capital of the Company[116] - Madam Yeung Man Yee, Shirley owns 1,421,161 shares, which is approximately 0.29% of the issued share capital[116] - Mr. Sun Dai Hoe, Harold has a beneficial interest in 3,200,000 shares, accounting for 0.66% of the issued share capital[116] Corporate Governance - The Audit Committee consists of three independent non-executive directors, and its terms of reference have been updated in compliance with the CG Code[163] - All directors confirmed compliance with the standard code of conduct for securities trading as of September 30, 2024[165] - The Board comprises executive directors including Mr. Yeung Him Kit, Dennis (Chairman), Madam Yeung Man Yee, Shirley, and Mr. Lam Hing Lun, Alain, along with independent non-executive directors[168]