Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 22,902,000, a decrease of 1.0% from HKD 23,134,000 in the same period of 2023[6] - Other income for the same period was HKD 1,391,000, down from HKD 1,435,000 year-on-year[6] - The net loss for the period was HKD 1,834,000, compared to a net loss of HKD 1,869,000 in the previous year, indicating a slight improvement[6] - Basic and diluted loss per share was HKD 2.43, compared to HKD 0.27 in the same period last year[7] - The company reported a total comprehensive loss of HKD 1,722,000 for the period, compared to HKD 2,247,000 in the previous year, reflecting a reduction in losses[7] - The group reported a loss attributable to owners of the company of HKD (3,232,000) for the six months ended September 30, 2024, compared to a loss of HKD (1,903,000) in 2023[20] - Net loss for the six months ended September 30, 2024, was approximately HKD 1.8 million, compared to a net loss of HKD 1.9 million in the previous year[41] Assets and Liabilities - Non-current assets increased to HKD 33,660,000 as of September 30, 2024, from HKD 33,506,000 as of March 31, 2024[8] - Accounts receivable rose significantly to HKD 7,499,000 from HKD 4,350,000, reflecting improved collection efforts[8] - Current liabilities increased to HKD 38,259,000 from HKD 28,690,000, indicating potential liquidity concerns[8] - Total assets less current liabilities stood at HKD 60,875,000, up from HKD 49,696,000, showing a stronger balance sheet position[8] - The net asset value increased to HKD 55,825,000 as of September 30, 2024, compared to HKD 41,815,000 as of March 31, 2024, representing a growth of approximately 33.5%[9] - The total equity attributable to the owners of the company rose to HKD 55,825,000 from HKD 41,815,000, indicating a significant increase in shareholder value[9] - The group’s accounts receivable amounted to HKD 8,306,000 as of September 30, 2024, up from HKD 5,157,000 as of March 31, 2024[24] - The asset-liability ratio was approximately 0% as of September 30, 2024, compared to 12.2% as of March 31, 2024[46] Cash Flow - The company reported a net cash outflow from operating activities of HKD (12,354,000) for the six months ended September 30, 2024, compared to a net inflow of HKD 6,460,000 for the same period in 2023[12] - Cash and cash equivalents decreased by HKD 719,000 during the six months ended September 30, 2024, compared to an increase of HKD 153,000 in the same period of 2023[12] - The company recorded a net cash inflow from financing activities of HKD 15,169,000 for the six months ended September 30, 2024, a substantial increase from HKD 2,794,000 in the previous year[12] - Cash and cash equivalents increased to approximately HKD 9.1 million as of September 30, 2024, up from HKD 6.9 million as of March 31, 2024[43] Operational Highlights - The company continues to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[6] - The company has been engaged in providing tutoring services and franchise management primarily in Hong Kong and China, indicating a focus on regional market expansion[13] - Revenue from tutoring services was HKD 17,849,000, an increase of 8.2% compared to HKD 16,502,000 in 2023[16] - The tutoring business revenue increased by approximately 8.2% year-on-year, attributed to the growth in the number of tutoring centers from 10 to 13[34] - Franchise business revenue reached approximately HKD 0.63 million, up from HKD 0.48 million in the previous year[35] Corporate Governance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance and transparency in financial reporting[14] - The company has complied with all corporate governance code provisions as per GEM Listing Rules, except for the absence of a Chairman and CEO, which the board believes does not hinder its operations[68] - The audit committee has reviewed the consolidated financial statements for the six months ending September 30, 2024, and confirmed they were prepared in accordance with applicable accounting standards[70] Shareholder Information - As of September 30, 2024, Yu Jing Investment Holdings Limited holds 30,720,000 shares, representing approximately 21.15% of the issued shares[55] - The group did not recommend the payment of an interim dividend for the six months ended September 30, 2024[21] - There are no significant contracts in which any director has a substantial interest as of September 30, 2024[56] - No directors or their associates are engaged in any business that competes or may compete with the group as of the report date[57] Share Option Scheme - The maximum number of shares that may be issued under the share option scheme cannot exceed 30% of the total issued shares at any time[61] - The total number of shares involved in the share options granted under the scheme cannot exceed 52,250,000 shares, which is 10% of the total issued shares at the time of listing, unless approved by shareholders[61] - If further options are granted to any eligible participants resulting in the total options exceeding 1% of the total issued shares, shareholder approval is required[62] - The exercise price for accepting the share option offer is set at HKD 1, which is non-refundable[63] - The company has not granted, exercised, canceled, or allowed any stock options to expire during the six months ending September 30, 2024[65] - There were no purchases, sales, or redemptions of the company's listed securities by the company or any of its subsidiaries during the reporting period[66]
GOLDWAY EDU-NEW(08160) - 2025 - 中期业绩