Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 63,144,000, a decrease of 9.5% compared to HKD 69,802,000 for the same period in 2023[1] - The company incurred a loss from continuing operations before tax of HKD 10,220,000, compared to a loss of HKD 591,000 in the prior year, indicating a significant increase in losses[1] - Total comprehensive expenses for the period amounted to HKD 22,669,000, compared to HKD 3,797,000 in the previous year, representing a substantial increase of 497.4%[2] - The net loss attributable to owners of the company was HKD 16,588,000, compared to HKD 2,719,000 in the same period last year, marking a significant rise in losses[2] - The basic and diluted loss per share from continuing operations was HKD 1.00, compared to HKD 0.09 in the previous year, indicating a worsening financial performance[4] - The company reported a net loss of HKD 16,588,000 for the six months ended September 30, 2024, compared to a loss of HKD 2,719,000 in the same period of 2023[25] - The group reported a total loss of approximately HKD 17,083,000 for the six months ended September 30, 2024, compared to a loss of about HKD 3,023,000 for the same period in 2023[63] Revenue Breakdown - Total revenue from customer contracts for the six months ended September 30, 2024, was HKD 63,144,000, a decrease of 9.5% from HKD 69,802,000 in the same period of 2023[15] - Revenue from video conferencing and multimedia audio-visual solutions services was HKD 54,102,000, down 11.5% from HKD 61,059,000 year-on-year[15] - Revenue from video conferencing and multimedia audio-visual maintenance services increased to HKD 9,042,000, up 3.4% from HKD 8,743,000 in the previous year[15] - The company's revenue from continuing operations decreased by approximately HKD 6,658,000 or 9.5% to about HKD 63,144,000 for the six months ended September 30, 2024, compared to approximately HKD 69,802,000 for the same period in 2023[55] - Revenue from video conferencing and multimedia audio-visual solutions decreased by approximately HKD 6,957,000 or 11.4% to approximately HKD 54,102,000 for the six months ended September 30, 2024[55] Cash Flow and Assets - The net cash generated from operating activities for the six months ended September 30, 2024, was HKD 8,324,000, compared to HKD 3,114,000 for the same period in 2023, representing a significant increase[8] - The company reported a net cash increase of HKD 5,656,000 for the six months ended September 30, 2024, compared to a decrease of HKD 17,876,000 in the same period of the previous year[8] - The total cash and cash equivalents at the end of the period were HKD 41,427,000, up from HKD 31,158,000 a year earlier[8] - The company’s total assets as of September 30, 2024, were HKD 158,920,000, compared to HKD 180,495,000 as of April 1, 2024[7] - The company's non-current assets decreased to HKD 76,916,000 from HKD 93,067,000, a decline of 17.4%[5] - Current assets also decreased to HKD 81,191,000 from HKD 97,080,000, reflecting a reduction of 16.4%[5] Liabilities and Equity - The company's total liabilities decreased to HKD 37,353,000 from HKD 47,066,000, a decrease of 20.0%[6] - The company's equity attributable to owners decreased to HKD 119,081,000 from HKD 140,774,000, a decline of 15.5%[6] - The company’s total equity attributable to owners was HKD 119,081,000 as of September 30, 2024, compared to HKD 140,774,000 as of April 1, 2024[7] Operational Changes - The company has terminated its IT+OT management services segment during the six months ended September 30, 2024[10] - The company completed the sale of its subsidiaries engaged in cloud IT+OT management services for HKD 100,000, with receivables of approximately HKD 36.2 million[26] - The company completed the sale of its cloud IT+OT management services on August 30, 2024, eliminating a major loss-making division[54] Employee and Corporate Governance - The company employed 69 full-time employees as of September 30, 2024, down from 83 employees as of March 31, 2024[80] - The company has adopted a code of conduct for directors' securities trading that is not less stringent than the standards set out in the Listing Rules Appendix C3[84] - The company maintains a high level of corporate governance to protect shareholder interests and enhance corporate value, in compliance with the corporate governance code[86] Dividends and Share Options - The company paid no dividends during the six months ended September 30, 2024, compared to HKD 17,859,000 in the same period of the previous year[8] - The board resolved not to declare any interim dividend for the six months ended September 30, 2024[68] - The company has granted a total of 3,000,000 share options to a senior management personnel, with an exercise price of HKD 0.54 per share, valid until April 20, 2028[41] - The company has no outstanding stock options as of the announcement date, with a total of 100 million shares available for issuance under the stock option plan, representing approximately 9.5% of the issued shares[82] Future Outlook - The company aims to maintain its market position as a leading provider of video conferencing and multimedia audio-visual solutions in Hong Kong despite competitive pressures[53] - The company plans to continue evaluating its business strategies in response to market challenges and uncertainties[54]
超智能控股(01402) - 2025 - 中期业绩