Financial Performance - The company reported a revenue of HKD 1,007,579,000 for the six months ending September 30, 2024, representing a 19.3% increase from HKD 844,579,000 in the same period last year[1]. - The gross profit for the period was HKD 39,576,000, up from HKD 36,523,000, indicating an increase of 8.3%[1]. - The company incurred a loss before tax of HKD 16,340,000, compared to a loss of HKD 12,891,000 in the previous year, reflecting a deterioration in performance[2]. - The net loss attributable to equity shareholders was HKD 17,991,000, compared to HKD 14,649,000 in the prior period, marking a 22.3% increase in losses[2]. - The basic and diluted loss per share increased to HKD 2.17 from HKD 1.77, indicating a 22.6% rise in loss per share[2]. - Total comprehensive loss for the period was HKD 15,892,000, an improvement from HKD 29,578,000 in the previous year, showing a reduction in overall losses[3]. - The net financing income for the six months ended September 30, 2024, was HKD 757,000, a decrease from HKD 828,000 in the same period of 2023[16]. - The cost of goods sold for the six months ended September 30, 2024, was HKD 968,287,000, compared to HKD 809,092,000 for the same period in 2023[17]. - The group reported other income of HKD 7,124,000 for the six months ended September 30, 2024, compared to HKD 5,576,000 in the same period of 2023[15]. - The group recorded a loss attributable to equity shareholders of approximately HKD 18,000,000 for the interim period, compared to a loss of HKD 14,600,000 in the previous period, primarily due to a sluggish property market and increased general and administrative expenses[33]. Assets and Liabilities - Non-current assets decreased to HKD 170,806,000 from HKD 181,605,000, indicating a decline of 6.0%[4]. - Current assets increased to HKD 692,219,000 from HKD 682,557,000, reflecting a growth of 1.0%[5]. - The company's total equity decreased to HKD 796,706,000 from HKD 812,598,000, a decline of 1.9%[6]. - Total assets as of September 30, 2024, amounted to HKD 863,025,000, with HKD 527,183,000 from Hong Kong and HKD 335,842,000 from Mainland China[14]. - Total liabilities as of September 30, 2024, were HKD 66,319,000, with HKD 39,676,000 from Hong Kong and HKD 26,643,000 from Mainland China[14]. - The carrying value of investment properties decreased to HKD 112,300,000 from HKD 137,900,000 as of April 1, 2024[24]. - The group maintained a strong financial position with bank balances and cash on hand of HKD 214,900,000 and bank borrowings of HKD 20,000,000 as of September 30, 2024[34]. - The group's bank borrowings amounted to approximately HKD 20 million as of September 30, 2024, compared to HKD 5.48 million as of March 31, 2024[49]. - The capital debt ratio as of September 30, 2024, was 3.42%, an increase from 1.70% as of March 31, 2024[49]. - The current ratio as of September 30, 2024, was 1,480%, down from 2,144% as of March 31, 2024[49]. Operational Highlights - Sales volume increased by 14.6% to approximately 43,100 tons, up from 37,610 tons in the previous year[32]. - Employee costs, including director remuneration, were approximately HKD 32.6 million for the six months ended September 30, 2024, compared to HKD 33 million for the same period in 2023[52]. - The group employed approximately 190 employees as of September 30, 2024, an increase from 180 employees as of September 30, 2023[51]. Sustainability and Innovation - The group is committed to responsible supply chain management and sustainable manufacturing, aiming to effectively manage potential market rebounds and withstand long-term market pressures[35]. - The group has obtained Global Recycling Standard (GRS) certification for its Ningbo factory, demonstrating its commitment to sustainable manufacturing practices[36]. - The group is leveraging innovative technologies and processes, including AI, to enhance operational efficiency and improve product development[38]. - The group has established an advanced online platform to help customers better understand and utilize material properties and unique characteristics[41]. - The group received the Hong Kong Green and Sustainable Contribution Award from the Hong Kong Quality Assurance Agency during the interim period, recognizing its efforts in environmental, social, and governance (ESG) initiatives[43]. - The group aims to promote sustainable development and transparency in carbon emission data, aligning with increasing societal expectations for environmental responsibility[45]. - The group is committed to innovation and sustainable development, focusing on breaking traditional operational models and enhancing supply chain ecology[46]. - The group plans to enhance its competitive advantage by launching more data-driven and AI-assisted solutions, aiming to improve manufacturing efficiency for customers[47]. Dividend and Financial Management - The company did not recommend the payment of an interim dividend for the six months ending September 30, 2024[19]. - Financing costs rose to HKD 500,000 during the interim period, compared to HKD 300,000 in the previous period[34]. - Zinc prices during the interim period fluctuated between USD 3,092 per ton and USD 2,222 per ton, ending the period at USD 3,056 per ton[33].
利记(00637) - 2025 - 中期业绩