Financial Performance - Revenue for the six months ended September 30, 2024, amounted to approximately HK$48,551,000, representing an increase of approximately 8.3% compared to the corresponding period of the previous financial year[5]. - Gross profit for the same period was approximately HK$7,849,000, a decrease of approximately HK$3,202,000 compared to the same period last year[5]. - Profit attributable to owners of the Company for the six months ended September 30, 2024, was approximately HK$4,266,000, compared to a loss of HK$18,583,000 for the same period in 2023[5]. - Total comprehensive income for the period was approximately HK$4,754,000, compared to a loss of HK$26,133,000 for the same period in 2023[7]. - Profit before tax for the six months ended September 30, 2024, was approximately HK$3,178,000, compared to a loss of HK$5,684,000 in the previous year[7]. - The Group recorded other gains of approximately HK$102,000 for the six months ended September 30, 2024[7]. - Profit from continuing operations attributable to owners of the Company was HK$4,266,000, compared to a loss of HK$18,583,000 in the previous period[9]. - Basic and diluted profit per share from continuing operations was HK$0.29 cents, compared to a loss of HK$0.31 cents in the previous period[9]. Dividends and Recommendations - The Board does not recommend the payment of any interim dividend for the six months ended September 30, 2024[5]. - The Group does not recommend the payment of an interim dividend for the six months ended September 30, 2024, consistent with the previous year[93]. Assets and Liabilities - Total non-current assets amounted to HK$242,479,000, slightly down from HK$242,495,000 as of March 31, 2024[10]. - Current assets totaled HK$114,387,000, a decrease from HK$122,697,000 as of March 31, 2024[10]. - Current liabilities decreased significantly to HK$28,020,000 from HK$41,100,000[11]. - Net current assets increased to HK$86,367,000 compared to HK$81,597,000 in the previous period[11]. - Total equity rose to HK$328,846,000 from HK$324,092,000 as of March 31, 2024[11]. - Cash and cash equivalents increased to HK$20,774,000 from HK$15,248,000[10]. - Inventories decreased to HK$2,506,000 from HK$2,681,000[10]. - As of September 30, 2024, total assets amounted to HK$356,866,000, a decrease from HK$365,192,000 as of March 31, 2024[34]. - Total liabilities as of September 30, 2024, were HK$28,020,000, down from HK$41,100,000 as of March 31, 2024[34]. Cash Flow and Financing Activities - Net cash generated from operating activities was 6,537,000, compared to a cash outflow of 28,208,000 in the previous period[19]. - Net cash generated from investing activities amounted to 5,037,000, a significant increase from 40,000 in the prior period[19]. - Net cash used in financing activities was 6,034,000, down from a cash inflow of 27,787,000 in the previous period[19]. - Cash and cash equivalents at the end of the reporting period increased to 20,774,000 from 13,895,000[19]. Segment Performance - The Group's total revenue for the six months ended September 30, 2023, was HK$44,820,000, with external sales from the Gold and Jewellery Business contributing HK$33,516,000[30]. - The segment results profit for the Gold and Jewellery Business was HK$3,204,000, while the Lending Business and Property Management Services Business reported profits of HK$278,000 and HK$5,672,000 respectively, totaling HK$9,154,000[29]. - Revenue from the Group's Jewellery Business increased by HK$6,956,000, while revenue from the Lending Business decreased by HK$311,000 and revenue from Property Management Services decreased by HK$2,914,000 during the review period[96]. - Revenue from Property Management Services decreased by approximately HK$2,914,000 from approximately HK$10,682,000 (restated) for the six months ended September 30, 2023, to approximately HK$7,768,000 for the six months ended September 30, 2024[122]. Strategic Initiatives - The Group aims to enhance its market position through strategic expansions and potential mergers in the upcoming fiscal periods[15]. - The Group plans to enhance its sales efforts in South China to identify more jewellery wholesaler customers, aiming to expand its secondary gold sales agency business[116]. - The Group intends to increase sales to major high-end corporate customers, focusing on jewellery as corporate gifts and awards to boost profitability[116]. - The Group acquired Shenzhen China Brilliant Property Services Company Limited to expand its Property Management Services Business, which became an indirect wholly-owned subsidiary on October 5, 2023[118]. Governance and Compliance - The company has complied with all provisions of the Corporate Governance Code throughout the review period[179]. - The Audit Committee consists of three independent non-executive Directors and has reviewed the report, providing advice and comments[181]. - The Remuneration Committee is responsible for recommending remuneration policies for all Directors and senior management[182]. - The Nomination Committee is tasked with formulating nomination policies and reviewing the size and structure of the Board[187]. Share Capital and Options - As of September 30, 2024, the Company had 1,457,238,414 shares in issue[148]. - The current share option scheme, effective for 10 years from September 10, 2021, allows eligible participants to subscribe for shares at a price determined by the Board[149]. - The share option scheme aims to provide incentives and rewards to participants contributing to the Group's success[148]. - The CBG Share Award Scheme was approved on March 18, 2024, and is valid for 10 years starting from March 20, 2024[155].
朗华国际集团(08026) - 2025 - 中期业绩