Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 45,799,000, a decrease of 16% compared to HKD 54,486,000 for the same period in 2023[3] - Gross profit for the same period was HKD 26,515,000, down 19.6% from HKD 33,000,000 in 2023[3] - Operating profit decreased to HKD 13,165,000, a decline of 37.7% from HKD 21,151,000 in the previous year[3] - Profit attributable to owners of the company was HKD 10,918,000, down 36.7% from HKD 17,232,000 in 2023[3] - Basic and diluted earnings per share were HKD 1.09, compared to HKD 1.72 in the same period last year[3] - The group's profit before income tax expenses was HKD 10,918,000 for the six months ended September 30, 2024, down from HKD 17,232,000 in the same period of 2023, a decline of 36.5%[14] - Profit attributable to the company's owners decreased by approximately HKD 6.3 million to about HKD 10.9 million for the six months ending September 30, 2024, compared to HKD 17.2 million for the same period in 2023[37] Assets and Liabilities - Total assets as of September 30, 2024, were HKD 102,975,000, an increase from HKD 92,115,000 as of March 31, 2024[4] - Cash and cash equivalents increased to HKD 97,031,000 from HKD 91,756,000 as of March 31, 2024[4] - Trade and other receivables rose to HKD 10,185,000 from HKD 7,347,000 in the previous period[4] - Non-current assets, including property, plant, and equipment, decreased to HKD 11,945,000 from HKD 10,054,000[4] - The total trade and other receivables amounted to HKD 10,185,000 as of September 30, 2024, compared to HKD 7,347,000 as of March 31, 2024, reflecting an increase of 38.5%[17] - The total trade and other payables decreased from HKD 11,289 thousand as of March 31, 2024, to HKD 8,468 thousand as of September 30, 2024[20] - Net current assets were approximately HKD 91.0 million as of September 30, 2024, up from HKD 82.1 million as of March 31, 2024[42] Revenue Segments - Sales of LED lighting devices increased to HKD 37,891,000 from HKD 27,140,000, representing a growth of 39.4%[8] - Revenue from the sale of LED lighting devices increased by approximately 39.9% to HKD 37.9 million, driven by an increase in project numbers in China[28] - Revenue from integrated LED lighting solutions services decreased significantly by approximately 77.3% to HKD 5.4 million, attributed to a reduction in facade projects[31] Expenses - Employee benefits expenses, including directors' remuneration, rose to HKD 11,260,000, an increase of 9.5% from HKD 10,288,000 in the previous year[10] - Administrative expenses increased by approximately HKD 1.2 million or 9.0% to about HKD 14.5 million for the six months ending September 30, 2024, primarily due to increases in salaries and allowances[35] - Direct costs decreased by approximately 10.2% to HKD 19.3 million, consistent with the decline in revenue for the period[33] - Income tax expense for the six months ended September 30, 2024, was HKD 2,143,000, a decrease from HKD 3,834,000 in the same period of 2023[11] - Income tax expenses decreased by approximately HKD 1.7 million or 44.7% to about HKD 2.1 million for the six months ending September 30, 2024, consistent with the decrease in profit before tax[36] Corporate Governance and Shareholder Information - The company did not declare or pay any dividends for the six months ended September 30, 2024, consistent with the same period in 2023[15] - The company did not recommend the payment of an interim dividend for the six months ending September 30, 2024[38] - The major shareholder, Garage Investment, holds 510 million shares, representing 51% of the company's equity[52] - Other significant shareholders include 温文康先生 and 楊毅女士, each holding 56.55 million shares, accounting for 5.66% of the total shares[56] - The company has not disclosed any additional interests or holdings by directors or major executives beyond what has been reported[54] - The roles of the chairman and CEO are held by the same individual, which the board believes is beneficial for the company's business prospects and operational efficiency[63] - The audit committee consists of independent non-executive directors, ensuring effective oversight of the financial reporting process[66] Future Outlook and Strategic Focus - The company continues to focus on LED lighting solutions and 3D printing services as its main business segments[5] - The company aims to expand its customer base by seeking new luxury brand clients and leveraging existing networks, with approximately 63.0% of sales coming from the Chinese market[25] - The company anticipates that the recovery of cross-border travel will drive economic growth, despite ongoing uncertainties and challenges in the operating environment[25] - The company is actively monitoring the impact of the geopolitical environment on its operations and fund utilization timeline[50] - The company plans to extend the timeline for utilizing the remaining funds from March 31, 2024, to March 31, 2025, due to geopolitical uncertainties[50] Capital Expenditures and Investments - The group purchased property, plant, and equipment at a cost of approximately HKD 74,000,000 for the six months ended September 30, 2024[16] - The company made capital expenditures of approximately HKD 74,000 for property, plant, and equipment during the six months ending September 30, 2024[45] - The company raised a total of HKD 34.7 million from the IPO, with HKD 34.2 million utilized and HKD 0.5 million remaining as of September 30, 2024[49] - The company has allocated funds for factory establishment, employee recruitment, and improving enterprise resource planning systems, totaling HKD 34.7 million[49] - The company had no significant investments or major acquisitions during the reporting period[47] Compliance and Reporting - The audit committee has reviewed the unaudited condensed consolidated results for the six months ended September 30, 2024, and believes that the results comply with applicable accounting standards and GEM listing rules[66] - The company maintains sufficient public float as of the announcement date[65] - There have been no significant subsequent events occurring after the reporting period and up to the announcement date[64] - The company has not experienced any major changes in its business nature since the IPO[50] - The company is committed to keeping shareholders informed of any significant changes in the future[50] - The company has adopted a code of conduct for directors regarding securities trading, which complies with the GEM listing rules[60] - There are no competing businesses or interests held by any directors or controlling shareholders as of September 30, 2024[61] - There have been no purchases, sales, or redemptions of the company's listed securities by the company or any of its subsidiaries for the six months ended September 30, 2024[62]
英马斯集团(08136) - 2025 - 中期业绩