Financial Performance - For the six months ending September 30, 2024, the group's unaudited revenue reached approximately HKD 61,094,000, representing a growth of about 52.71% compared to HKD 40,006,000 in the same period of 2023[3] - The loss attributable to owners of the company for the six months ending September 30, 2024, was approximately HKD 2,425,000, compared to a loss of HKD 1,763,000 in the same period of 2023[3] - The total operating expenses for the six months ending September 30, 2024, were HKD 9,138,000, an increase from HKD 7,517,000 in the same period of 2023[4] - The group reported a gross profit of HKD 6,786,000 for the six months ending September 30, 2024, compared to HKD 6,100,000 in the same period of 2023[4] - The total comprehensive loss for the period was HKD (2,425,000), reflecting a significant increase from a loss of HKD (1,763,000) in the same period of 2023[20] - Revenue for the six months ended September 30, 2024, was HKD 40,006,000, compared to HKD 32,842,000 for the same period in 2023, representing a growth of 21.5%[22] - The company reported a loss attributable to owners of the company of HKD 2,425,000 for the six months ended September 30, 2024, compared to a loss of HKD 1,763,000 for the same period in 2023[29] Assets and Liabilities - The group's total assets as of September 30, 2024, were HKD 42,314,000, a decrease from HKD 64,816,000 as of March 31, 2024[7] - The net current assets as of September 30, 2024, were HKD 11,806,000, down from HKD 17,993,000 as of March 31, 2024[8] - The company's total liabilities as of September 30, 2024, were HKD 35,216,000, compared to HKD 22,524,000 as of September 30, 2023, indicating a significant increase[23] - As of September 30, 2024, the group's total assets and net asset value were approximately HKD 52,185,000 and HKD 16,969,000, respectively[47] Cash Flow - The company experienced a net cash outflow from operating activities of HKD (4,331,000) for the six months ended September 30, 2024, compared to HKD (361,000) in the prior year[11] - The investment activities resulted in a cash outflow of HKD (3,647,000) for the six months ended September 30, 2024, compared to HKD (606,000) in the previous year[11] - The company’s financing activities led to a cash outflow of HKD (376,000), slightly lower than HKD (407,000) in the same period of 2023[11] - The cash and cash equivalents decreased to HKD 16,857,000 at the end of September 2024, down from HKD 27,656,000 a year earlier[11] Business Operations - The company plans to open an indoor theme park based on the Nickelodeon IP in Macau, covering approximately 9,000 square feet, expected to launch by Q1 2025[55] - The group plans to open a new "Ganawawa" store targeting the children's market in late November 2024, which is expected to further enhance the performance of its IP automation and entertainment business[54] - The group has successfully resumed its logistics services business and continues to adopt a prudent light-asset strategy focusing on dry bulk shipping and related agency services[54] - The management is actively discussing opportunities to design, build, and operate theme amusement areas in shopping centers and cultural parks in China[56] - The company is adjusting its business strategy and streamlining cost structures for children's amusement areas to adapt to the rapidly changing market environment in China[56] Shareholder Information - As of September 30, 2024, the company’s major shareholders include Ms. He Chaochen with 407,890,000 shares (15.61%) and Ms. Wen Yingyi with 441,900,000 shares (16.91%)[59] - Major shareholder Mr. Chen Yufeng holds 251,462,500 shares (9.62%) and Mr. Zhao Genlong holds 200,000,000 shares (7.65%) as of September 30, 2024[61] Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited interim financial statements for the six months ending September 30, 2024, and found them compliant with applicable accounting standards[68] - The company has adopted a code of conduct for securities trading by directors, which complies with GEM Listing Rules[65] - The company has no new stock option plan adopted as of the announcement date, with the previous plan expiring on September 21, 2021[58] Other Financial Metrics - The company incurred depreciation expenses of HKD 693,000 for the six months ended September 30, 2024, compared to HKD 281,000 for the same period in 2023[24] - The company reported interest on lease liabilities of HKD 66,000 for the six months ended September 30, 2024, up from HKD 39,000 in the same period of 2023[24] - The expected credit loss provision for trade and other receivables was HKD 145,000 for the six months ending September 30, 2024, compared to no provision in the same period of 2023[4] - Trade receivables as of September 30, 2024, were HKD 13,728,000, compared to HKD 26,025,000 as of March 31, 2024, showing a decrease[34] - Prepayments and deposits amounted to HKD 10,149,000 as of September 30, 2024, down from HKD 12,165,000 as of March 31, 2024[36] - Other payables and accrued expenses increased to HKD 8,468,000 as of September 30, 2024, from HKD 5,372,000 as of March 31, 2024[37] Employee Information - The group employed 79 full-time employees, 24 part-time employees, and 2 consultants as of September 30, 2024, compared to 36 full-time and 23 part-time employees in the previous year[53]
宏海控股集团(08020) - 2025 - 中期业绩