Revenue Performance - Total revenue decreased by 46.2% to HK$164,918,000 compared to HK$306,799,000 in the same period last year[52] - Media Content Distribution revenue fell by 54.9% to HK$130,265,000 from HK$289,095,000[52] - Brand Licensing Business revenue increased by 95.7% to HK$34,653,000 from HK$17,704,000[52] - Revenue from Media Content Distribution Business accounted for 79.0% of total revenue, generating HK$130.3 million during the reporting period[63] - Revenue from Brand Licensing Business doubled compared to the same period last year, accounting for 21.0% of total revenue[67] - The Group's total revenue for the six months ended September 30, 2019, was approximately HK$164.9 million, a decrease of approximately HK$141.9 million or 46.3% compared to HK$306.8 million for the same period in 2018[80] - Revenue from the Media Content Distribution Business decreased by 54.9% from approximately HK$289.1 million to approximately HK$130.3 million, contributing approximately 79.0% of total revenue, down from 94.2% in the previous year[81] - Revenue from the Brand Licensing Business increased by 96.0% from approximately HK$17.7 million to approximately HK$34.7 million, with MAIL contributing approximately HK$19.6 million[82] Profitability - Profit attributable to owners of the parent decreased by 73.3% to HK$23,855,000 from HK$89,374,000[52] - Profit after tax was HK$28.4 million, excluding non-recurring listing expenses of HK$4.5 million[61] - Profit for the period decreased by approximately HK$65.5 million or 73.3% to approximately HK$23.9 million, with a net profit margin decrease from 29.1% to 14.5%[96] - Basic and diluted earnings per share for the period were HK$0.013, compared to HK$0.060 in the same period of 2018, a decrease of about 78%[172] - Total comprehensive income for the period was HK$23,482,000, down from HK$89,174,000, representing a decline of approximately 74%[175] Expenses and Costs - Gross profit margin slightly decreased to 46.5% from 48.2% year-on-year[52] - The Group's gross profit for the six months ended September 30, 2019, was approximately HK$76.7 million, a decrease of approximately HK$71.1 million or 48.1% compared to HK$147.8 million in the same period last year[84] - The gross profit margin decreased by approximately 1.7 percentage points from 48.2% to 46.5% for the six months ended September 30, 2019[84] - Selling and distribution expenses decreased by approximately HK$8.0 million or 31.5% to approximately HK$17.4 million, primarily due to a decrease in withholding tax expenses[89] - General and administrative expenses increased by approximately HK$13.7 million or 80.6% to approximately HK$30.7 million for the six months ended 30 September 2019, primarily due to increased staff costs and one-off listing expenses[91] Assets and Liabilities - As at 30 September 2019, the Group's current ratio was 2.9, up from 2.0 as at 31 March 2019, with cash and bank balances of HK$386.0 million[98] - Total non-current assets increased to HK$63,433,000 as of September 30, 2019, compared to HK$48,783,000 as of March 31, 2019, reflecting a growth of 30%[178] - Current assets rose to HK$632,573,000 as of September 30, 2019, up from HK$434,343,000 as of March 31, 2019, representing a 46% increase[178] - Net current assets reached HK$414,208,000, significantly higher than HK$220,935,000 recorded on March 31, 2019, indicating an increase of 88%[178] - Total equity attributable to owners of the parent stood at HK$476,327,000 as of September 30, 2019, compared to HK$268,767,000 as of March 31, 2019, marking a growth of 77%[181] - Total current liabilities amounted to HK$218,365,000, slightly up from HK$213,408,000 as of March 31, 2019[178] - Non-current liabilities totaled HK$1,314,000 as of September 30, 2019, compared to HK$951,000 as of March 31, 2019, indicating an increase of 38%[178] Strategic Developments - New Japanese animated title "Dr. STONE" acquired, well-received in Mainland China and available on the "Ani-One" platform[63] - "Ani-One" platform celebrated its 3rd anniversary in Hong Kong and successfully launched in Taiwan, Singapore, Malaysia, Brunei, and Vietnam[64] - Co-invested in several films and drama series, including the animated film "Children of the Sea" and live-action film "STAND BY ME"[66] - Strategic plan includes significant increase in inflight media content distribution with multiple titles launched[65] - Expanded licensing brand portfolios and categories, including appointment as a sub-agent for an international lifestyle brand[68] - The Group plans to expand its proprietary branded distribution platform "Ani-One" to cover additional Southeast Asian markets, including the Philippines, Indonesia, Thailand, and Cambodia[75] - Future strategies include expanding the media content and brand licensing distribution network, acquiring new media content and licensing brands, and co-investing in strategic intellectual property[76] Corporate Governance and Compliance - The company has complied with the corporate governance code provisions since the listing date, except for code provision A.2.1[119] - The company has not purchased, sold, or redeemed any of its listed shares since the listing date up to the date of the report[132] - The company has established written guidelines for securities transactions by employees likely to possess unpublished price-sensitive information[140] - The company has complied with relevant laws and regulations that significantly impact its business and operations[149] Employment and Shareholding - As of September 30, 2019, the Group had a total of 97 employees, an increase from 86 employees as at 31 March 2019[108] - Ms. Lovinia Chiu holds 1,494,000,000 ordinary shares, representing a 75% long position in the company[116] - As of September 30, 2019, RLA is the beneficial owner of 1,494,000,000 ordinary shares, also representing a 75% long position[127] - As of September 30, 2019, no other directors or chief executives had interests or short positions in the shares of the company[128] Financial Performance Summary - The company reported a finance cost of HK$59,000 for the period, compared to no finance cost in the same period of 2018[172] - Other income and gains for the period were HK$2,094,000, a decrease from HK$4,676,000 in the previous year, indicating a decline of about 55%[172] - Cash and cash equivalents increased to HK$386,046,000 as of September 30, 2019, compared to HK$163,754,000 as of March 31, 2019, showing a growth of 135%[178] - Net cash flows from operating activities for the six months ended 30 September 2019 amounted to HK$27,952,000, compared to HK$16,356,000 for the same period in 2018, representing a 71.5% increase[187] - The company reported interest income of HK$1,229,000 for the six months ended 30 September 2019, compared to HK$179,000 in the same period of 2018, reflecting a substantial increase[191]
羚邦集团(02230) - 2020 - 中期财报