Financial Performance - Total revenue for the six months ended September 30, 2024, was HKD 26,725,000, a decrease of 12.9% from HKD 30,721,000 in the same period last year[9] - Profit before tax decreased to HKD 1,044,000, down 54.9% from HKD 2,271,000 year-on-year[9] - Net profit attributable to owners for the period was HKD 931,000, a decline of 54.1% compared to HKD 2,029,000 in the previous year[9] - Basic and diluted earnings per share were HKD 0.12, down from HKD 0.25[8] - The net profit for the six months ended September 30, 2024, is HKD 931,000, compared to HKD 2,029,000 for the same period in 2023, indicating a decline of about 54%[11] - The total comprehensive income for the six months ended September 30, 2024, is HKD 931,000, a significant decrease from HKD 2,029,000 in the same period of 2023[11] - The operating profit before tax for the six months ended September 30, 2024, is HKD 1,044,000, compared to HKD 2,271,000 in 2023, reflecting a decline of about 54%[13] - Profit before tax for the six months ended September 30, 2024, was HKD 113,000, down from HKD 242,000 in 2023, indicating a decline of 53%[24] - The company recorded a profit of approximately HKD 1.0 million for the six months ended September 30, 2024, down from HKD 2.0 million in the same period of 2023[51] Assets and Liabilities - Non-current assets decreased to HKD 1,829,000 from HKD 2,563,000, a reduction of 28.6%[10] - Current assets slightly increased to HKD 89,488,000 from HKD 89,235,000, reflecting a marginal growth of 0.3%[10] - Current liabilities decreased to HKD 4,818,000 from HKD 6,230,000, a decline of 22.6%[10] - Total equity increased to HKD 86,499,000 from HKD 85,568,000, an increase of 1.1%[10] - The total equity as of September 30, 2024, is HKD 86,499,000, an increase from HKD 85,742,000 as of September 30, 2023, reflecting a growth of approximately 0.9%[11] - The total trade receivables as of September 30, 2024, amounted to HKD 10,075,000, down from HKD 11,213,000 as of March 31, 2024, a decrease of 10%[31] - The total lease liabilities as of September 30, 2024, were HKD 685,000, significantly reduced from HKD 1,488,000 as of March 31, 2024, a decrease of 54%[29] - The expected credit loss provision for trade receivables decreased from HKD 14,000 as of March 31, 2024, to HKD 12,000 as of September 30, 2024, a reduction of 14%[35] Cash Flow and Operating Activities - The net cash generated from operating activities for the six months ended September 30, 2024, is HKD 2,661,000, compared to HKD 5,929,000 in 2023, showing a decline of about 55%[13] - Cash and cash equivalents at the end of the period on September 30, 2024, amount to HKD 60,086,000, slightly down from HKD 60,210,000 as of September 30, 2023[13] - Cash and bank balances were approximately HKD 60.1 million as of September 30, 2024, compared to HKD 57.6 million on March 31, 2024, providing sufficient resources for operational needs[53] - The company has no interest-bearing debt as of September 30, 2024, indicating a capital debt ratio that is not applicable[53] Revenue Sources - Revenue from customer contracts under HKFRS 15 for the six months ended September 30, 2024, is HKD 26,725,000, down from HKD 30,721,000 in 2023, representing a decrease of approximately 13%[19] - Revenue from the Hong Kong Stock Exchange was HKD 24.1 million, accounting for 90.2% of total revenue, down from HKD 28.3 million or 92.1% in the previous year[47] - Major customer A contributed HKD 3,975,000 in revenue for the six months ended September 30, 2024, down from HKD 5,733,000 in 2023, a decrease of approximately 30%[21] Expenses and Cost Management - Employee costs decreased from approximately HKD 19.4 million to HKD 17.3 million, a reduction of about 10.8%, primarily due to a decline in bonuses corresponding to the decrease in revenue[48] - Other operating expenses fell from approximately HKD 8.7 million to HKD 8.2 million, a decrease of about 5.7%, attributed to reductions in settlement, error, and marketing expenses[50] - The decrease in settlement expenses was approximately HKD 0.3 million or 10.3%, aligning with the overall revenue decline[50] - The company reported a decrease in operational costs by J%, improving overall profitability margins[80] Corporate Governance and Shareholder Information - The company has complied with the corporate governance code as per GEM listing rules during the six months ending September 30, 2024[74] - The major shareholder, Oasis Green Ventures Limited, holds approximately 34.75% of the company's shares[70] - The board decided not to declare an interim dividend for the six months ended September 30, 2024[67] - No dividends were declared or proposed for the six months ended September 30, 2024, consistent with the same period in 2023[25] Future Outlook and Strategic Initiatives - The company continues to focus on enhancing operational efficiency and exploring new market opportunities[6] - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the H sector[80] - Market expansion efforts are underway, targeting F new regions, which are expected to increase market share by G%[81] - A new marketing strategy has been implemented, aiming to increase brand awareness and customer engagement by I%[81] - Future guidance indicates a commitment to sustainable practices, with plans to reduce carbon emissions by K% over the next five years[81]
衍汇亚洲(08210) - 2025 - 中期财报