Interim Results Announcement Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income For the six months ended September 30, 2023, the Group's revenue decreased by 15.6% to HK$23,387 thousand, with gross profit declining 31.9% to HK$4,830 thousand, resulting in an expanded loss of HK$4,147 thousand and basic and diluted loss per share of HK$0.004 | Indicator | For the six months ended September 30, 2023 (HK$ thousand) | For the six months ended September 30, 2022 (HK$ thousand) | | :-------------------------------------------- | :------------------------------------------------------- | :------------------------------------------------------- | | Revenue | 23,387 | 27,712 | | Cost of sales | (18,557) | (20,620) | | Gross profit | 4,830 | 7,092 | | Other income | 2 | 134 | | Other gains and losses, net | 2,163 | (525) | | Selling and distribution expenses | (5,922) | (5,656) | | Administrative expenses | (5,216) | (3,135) | | Finance costs | (4) | (21) | | Loss before income tax | (4,147) | (2,111) | | Income tax expense | – | – | | Loss for the period | (4,147) | (2,111) | | Exchange differences on translation of overseas operations | (6,847) | (8,584) | | Total comprehensive expense for the period | (10,994) | (10,695) | | Loss per share (HK$) | (0.004) | (0.002) | Condensed Consolidated Statement of Financial Position As of September 30, 2023, the Group's net assets decreased to HK$119,402 thousand from HK$130,396 thousand, with net current assets at HK$91,481 thousand, primarily due to reduced trade and other receivables | Indicator | As at September 30, 2023 (HK$ thousand) | As at March 31, 2023 (HK$ thousand) | | :-------------------------------------- | :-------------------------------------- | :---------------------------------- | | Non-current assets | | | | Property, plant and equipment | 110 | 211 | | Goodwill | 2,534 | 2,534 | | Right-of-use assets | 130 | 211 | | Intangible assets | 25,150 | 25,150 | | Total non-current assets | 27,924 | 28,106 | | Current assets | | | | Inventories | 45,230 | 42,697 | | Trade and other receivables | 48,103 | 64,633 | | Cash and bank balances | 16,836 | 18,886 | | Total current assets | 110,169 | 126,216 | | Current liabilities | | | | Trade and other payables | 7,834 | 12,224 | | Contract liabilities | – | 411 | | Lease liabilities | 123 | 168 | | Income tax payable | 10,731 | 11,081 | | Total current liabilities | 18,688 | 23,884 | | Net current assets | 91,481 | 102,332 | | Total assets less current liabilities | 119,405 | 130,438 | | Non-current liabilities | | | | Lease liabilities | 3 | 42 | | Total non-current liabilities | 3 | 42 | | Net assets | 119,402 | 130,396 | | Total equity | 119,402 | 130,396 | Notes to the Condensed Consolidated Financial Statements This section details the basis of preparation, accounting policies, and specific notes on key financial statement items and related party transactions Basis of Preparation and Accounting Policies The condensed consolidated financial statements are prepared in accordance with HKAS 34 and Appendix 16 of the Listing Rules, applying new HKFRS standards with no significant impact on the Group's performance or financial position - The condensed consolidated financial statements are prepared in accordance with Hong Kong Accounting Standard 34 "Interim Financial Reporting" and the applicable disclosure requirements of Appendix 16 to the Listing Rules, and on a historical cost basis1213 - The Group has adopted new and revised Hong Kong Financial Reporting Standards (HKFRS) issued by the Hong Kong Institute of Certified Public Accountants for the first time in the current interim period, including HKFRS 17 (Insurance Contracts), amendments to HKAS 1 and HKFRS Practice Statement 2 (Disclosure of Accounting Policies), amendments to HKAS 8 (Definition of Accounting Estimates), and amendments to HKAS 12 (Deferred Tax related to Assets and Liabilities arising from a Single Transaction, International Tax Reform - Pillar Two Model Rules)614 - The application of the amendments to HKFRS during the period had no significant impact on the Group's performance and financial position for the current and prior periods and/or the disclosures in these unaudited condensed consolidated financial statements6 Revenue and Segment Information The Group's revenue is primarily derived from the sale of fashion accessories products, categorized into online wholesale platform and other retail and distribution channels - The Group's revenue represents the net amounts of consideration received and receivable from the sale of fashion accessories products for the six months ended September 30, 2023 and 202233 - The Group's reportable and operating segments include the fashion accessories online wholesale platform (primarily wholesale of fashion accessories products through its self-operated online platform) and others (including offline wholesale channels for trading fashion accessories products through third-party retail online platforms and physical points of sale, global wholesale customers, and PRC wholesale customers)716 Revenue and Results by Reportable and Operating Segment (HK$ thousand) | Indicator | Platform (2023) | Others (2023) | Total (2023) | Platform (2022) | Others (2022) | Total (2022) | | :------------------------- | :-------------- | :------------ | :----------- | :-------------- | :------------ | :----------- | | Segment revenue - external sales | 22,418 | 969 | 23,387 | 22,942 | 4,770 | 27,712 | | Segment results | 817 | (1,053) | (236) | (321) | 179 | (143) | | Segment assets | 109,977 | 612 | 110,589 | 114,481 | 7,324 | 121,805 | | Segment liabilities | (7,994) | (1,330) | (9,324) | (8,301) | (3,241) | (11,542) | Other Income, Gains and Losses, and Finance Costs Other income for the period was HK$2 thousand, a significant decrease from HK$134 thousand in the prior period, primarily due to government grants received previously, while net other gains and losses were HK$2,163 thousand, mainly from exchange gains, and finance costs were HK$4 thousand, primarily for lease liabilities interest Other Income (HK$ thousand) | Item | For the six months ended September 30, 2023 | For the six months ended September 30, 2022 | | :----------- | :------------------------------------------ | :------------------------------------------ | | Interest income | – | 1 | | Government grants | – | 110 | | Others | 2 | 23 | | Total | 2 | 134 | Other Gains and Losses, Net (HK$ thousand) | Item | For the six months ended September 30, 2023 | For the six months ended September 30, 2022 | | :------------------- | :------------------------------------------ | :------------------------------------------ | | Miscellaneous income | 87 | – | | Exchange (
雅天妮集团(00789) - 2024 - 中期业绩