Financial Performance - For the six months ended 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 for the same period in 2023[3]. - The loss attributable to owners of the company for the six months ended September 30, 2024, was approximately HKD 2,425,000, compared to a loss of HKD 1,763,000 for the same period in 2023[3]. - The gross profit for the six months ended September 30, 2024, was HKD 6,786,000, compared to HKD 6,100,000 for the same period in 2023[4]. - The total operating expenses for the six months ended September 30, 2024, were HKD 9,138,000, an increase from HKD 7,517,000 in the same period in 2023[4]. - The total comprehensive loss for the period was HKD (2,425,000), reflecting a decrease from the previous year's loss of HKD (1,763,000)[22]. - The company reported a net decrease in cash and cash equivalents of HKD (8,354,000), compared to a decrease of HKD (1,374,000) in the same period last year[10]. - The company incurred a financing cost of HKD (7,000) during the period[22]. - The total expenses for the period amounted to HKD (2,403,000), which includes the comprehensive loss and other expenses[22]. - The company’s pre-tax loss was HKD (1,949,000) for the period[22]. Revenue Breakdown - Revenue from IP automation and entertainment was HKD 9,907,000, up 38.4% from HKD 7,164,000 year-on-year[19]. - Revenue from dry bulk shipping and logistics services reached HKD 51,187,000, a significant increase of 55.6% compared to HKD 32,842,000 in the previous year[19]. - The dry bulk shipping and logistics services generated revenue of HKD 51,190,000, an increase of approximately 55.86% from HKD 32,840,000 in 2023[43]. - The IP automation and entertainment business reported revenue of approximately HKD 9,910,000, up about 38.29% from approximately HKD 7,160,000 in 2023[44]. Assets and Liabilities - The net assets of the company as of September 30, 2024, were HKD 16,969,000, down from HKD 19,372,000 as of March 31, 2024[8]. - The total current liabilities as of September 30, 2024, were HKD 30,508,000, compared to HKD 46,823,000 as of March 31, 2024[7]. - The total assets as of September 30, 2024, amounted to HKD 52,185,000, an increase from HKD 40,039,000 as of September 30, 2023, reflecting a growth of 30.3%[25]. - The total liabilities as of September 30, 2024, were HKD 35,216,000, compared to HKD 22,524,000 as of September 30, 2023, indicating an increase of 56.3%[25]. Cash Flow and Expenses - The net cash outflow from operating activities was HKD (4,331,000), compared to HKD (361,000) in the prior year, indicating increased operational cash burn[10]. - The company’s cash and cash equivalents at the end of the period were HKD 16,857,000, down from HKD 27,656,000 a year earlier[10]. - The total employee benefits expense for the six months ended September 30, 2024, was approximately HKD 6,545,000, compared to approximately HKD 4,496,000 for the same period in 2023[51]. - Depreciation expenses for the six months ended September 30, 2024, were HKD 693,000, compared to HKD 281,000 for the same period in 2023, marking an increase of 146.0%[26]. Dividends and Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2024[3]. - Major shareholders include Ms. He Chaoxuan with 407,890,000 shares (15.61%) and Ms. Wen Yingyi with 441,900,000 shares (16.91%) as of September 30, 2024[56]. - Major shareholders include Mr. Chen Yufeng holding 251,462,500 shares (9.62%) and Mr. Zhao Genlong holding 200,000,000 shares (7.65%) as of September 30, 2024[58]. Strategic Developments - The company plans to open an indoor theme park in Macau by the first quarter of 2025, covering approximately 9,000 square feet, which is expected to enhance long-term value for shareholders[53]. - The company is actively seeking opportunities to design and operate theme parks in collaboration with shopping mall operators in China[53]. - The company has diversified its entertainment business by providing IP-related brand management and marketing consulting services since 2021, aiming to expand revenue sources[54]. - A collaboration agreement has been established with a large integrated resort in Macau to host "Snoopy" themed Christmas and Lunar New Year events from December 5, 2024, to February 16, 2025[54]. - The logistics service business has successfully resumed operations through its subsidiary, achieving a focus on dry bulk shipping and related agency services[52]. - The second phase of the "Ganawawa" store in Lai Chi Kok is expected to open in late November 2024, further enhancing the performance of the IP automation and entertainment business[52]. - The management is adjusting business strategies and streamlining cost structures to adapt to the rapidly changing market environment in China[53]. Governance and Compliance - The board of directors has complied with the GEM Listing Rules regarding securities trading conduct, with no violations reported during the six months ending September 30, 2024[62]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited interim financial statements for the six months ending September 30, 2024, ensuring compliance with applicable accounting standards[65]. - The company adhered to the corporate governance code as per GEM Listing Rules, with a noted absence of the chairperson at the annual general meeting due to other commitments[63][64].
宏海控股集团(08020) - 2025 - 中期财报