Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 48,804,000, a decrease of 7.9% compared to HKD 52,977,000 in 2023[22] - Gross profit for the same period was HKD 21,860,000, down 11.9% from HKD 24,816,000[22] - Operating profit decreased by 18.5% to HKD 10,525,000 from HKD 12,911,000[22] - Profit for the period was HKD 9,191,000, reflecting a decline of 15.3% compared to HKD 10,847,000 in the previous year[22] - Basic and diluted earnings per share were HKD 1.89, down 14.9% from HKD 2.22[23] - The group reported a profit before tax of HKD 10,525,000 for the six months ended September 30, 2024, compared to HKD 24,451,000 for the same period in 2023, reflecting a significant decline[68] - The company reported a profit of approximately HKD 9.2 million for the six months ended September 30, 2024, representing a year-on-year decrease of about 15.3% due to reduced gross profit and increased administrative expenses[135] - Overall gross profit for the reporting period was approximately HKD 21.9 million, a decrease of about 11.7% from HKD 24.8 million for the same period in 2023, with a gross profit margin of approximately 44.8%, down about 4.3% from 46.8%[139] Assets and Liabilities - Total current assets increased by 3.4% to HKD 131,615,000 from HKD 127,235,000[22] - Total assets rose by 1.3% to HKD 159,438,000 compared to HKD 157,454,000[22] - Total equity remained relatively stable at HKD 142,449,000, a slight decrease of 0.1% from HKD 142,485,000[22] - As of September 30, 2024, total assets amounted to HKD 142,449 million, slightly down from HKD 142,485 million as of March 31, 2024, indicating a decrease of 0.03%[36] - Total liabilities increased to HKD 16,989,000 as of September 30, 2024, compared to HKD 14,969,000 as of March 31, 2024[75] - The company's non-current assets as of September 30, 2024, amounted to HKD 26,713,000, down from HKD 29,603,000 as of March 31, 2024, representing a decrease of 9.7%[89] Cash Flow - Cash and cash equivalents increased to HKD 81,808 million from HKD 62,525 million, representing a growth of 30.9%[52] - Net cash generated from operating activities for the six months ended September 30, 2024, was HKD 28,976 million, a significant increase from HKD 10,206 million in the same period last year, reflecting a growth of 184.5%[52] - The company reported a net cash outflow from investing activities of HKD 142 million, compared to HKD 1,061 million in the previous year, indicating a reduction in investment spending[52] - Financing activities resulted in a cash outflow of HKD 9,602 million, slightly down from HKD 9,732 million in the previous year[52] Revenue Breakdown - Revenue from electronic payment terminals and related equipment sales was HKD 11,553,000, down 19.5% from HKD 14,370,000 year-on-year[62] - Revenue from system support and software solution services was HKD 37,251,000, a slight decrease of 3.5% compared to HKD 38,607,000 in the previous year[62] - The company provided electronic payment terminal system support services, generating revenue of HKD 7,415,000 for the six months ended September 30, 2024, compared to HKD 4,369,000 for the same period in 2023[131] Expenses - The total tax expense for the six months ended September 30, 2024, was HKD 1,334,000, a decrease of 35.2% from HKD 2,059,000 in the same period of 2023[95] - The company reported a total employee benefit expense of HKD 14,150,000 for the six months ended September 30, 2024, an increase of 25.5% from HKD 11,242,000 in the same period of 2023[101] - Total administrative expenses (excluding employee costs) were approximately HKD 8.6 million for the reporting period, a decrease of about 3.4% from HKD 8.9 million for the same period in 2023[142] Shareholder Information - As of September 30, 2024, Mr. Lau holds 350,640,000 shares, representing 73.05% of the issued share capital of the company[166] - Ms. Lam, as Mr. Lau's spouse, is deemed to have an interest in 355,245,000 shares, which is 74.01% of the issued share capital[166] - The company declared an interim dividend of HKD 0.01 per share, amounting to HKD 4,800,000, to be paid on December 13, 2024[104] - The board declared a dividend of HKD 0.01 per share for the reporting period, totaling approximately HKD 4.8 million, to be paid on December 13, 2024[155] Corporate Governance - The board emphasizes high-quality governance, risk management, and accountability to protect shareholder interests[182] - The audit committee, established in November 2016, monitors the integrity of financial statements and internal controls[185] - The audit committee has reviewed the group's financial statements for the reporting period, confirming compliance with applicable accounting standards[186] - The board consists of experienced directors, including three independent non-executive directors, ensuring a balance of power[183] - The chairman and CEO roles are held by the same individual, which the board believes enhances effective business planning and decision-making[183] - The company is committed to maintaining high levels of corporate governance and will make necessary adjustments as needed[183] Market Position and Strategy - The company continues to maintain its leading position as an electronic payment terminal solution provider in Hong Kong, focusing on sales of electronic payment terminals and related equipment[160] - The company aims to expand its market share in the electronic payment terminal market by providing customized software solutions and support services[162] - The rapid growth of the digital payment market, particularly in QR code payments and electronic wallet systems, presents significant growth opportunities for the company[162] - The company is committed to enhancing its capabilities and providing diversified, high-quality one-stop integrated services to solidify its market position in electronic payment terminals and software solutions[162] Other Information - The group has adopted revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial position or performance for the reporting period[60] - The report will be available on the Hong Kong Stock Exchange website and the company's website for at least seven days from the publication date[188]
俊盟国际(08062) - 2025 - 中期财报