Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 3,776,000, a decrease of 41.5% compared to HKD 6,456,000 for the same period in 2023[5] - The gross profit for the same period was HKD 1,476,000, down 36.6% from HKD 2,326,000 in the previous year[5] - The operating loss for the six months was HKD 4,224,000, an improvement from a loss of HKD 6,712,000 in the prior period, indicating a reduction of 37.1%[5] - The net loss for the period was HKD 4,244,000, compared to a net loss of HKD 6,716,000 in the previous year, reflecting a 36.8% decrease in losses[5] - The company reported a total comprehensive loss of HKD 5,670,000 for the six months ended September 30, 2024, compared to a total comprehensive loss of HKD 5,881,000 for the same period in 2023, showing a slight improvement of 3.6%[11] - The group’s net loss for the period was approximately HKD 4,244,000, reduced from about HKD 6,716,000 in the previous period, mainly due to decreased administrative and other operating expenses[55] Assets and Liabilities - The total assets decreased to HKD 4,915,000 as of September 30, 2024, from HKD 5,578,000 as of March 31, 2024[9] - The total liabilities decreased to HKD 7,793,000 from HKD 9,679,000, indicating a reduction of 19.5%[7] - The company’s total equity decreased to HKD 4,866,000 as of September 30, 2024, down from HKD 17,694,000 as of April 1, 2023, reflecting a decline of 72.5%[11] - As of September 30, 2024, the group's total assets were approximately HKD 12,708,000, down from about HKD 15,257,000 on March 31, 2024[56] Cash Flow - The company generated a net cash outflow of HKD 6,589,000 from operating activities for the six months ended September 30, 2024, compared to a net cash outflow of HKD 5,857,000 in the prior year, representing an increase of 12.5%[13] - Total cash and cash equivalents decreased to HKD 8,301,000 as of September 30, 2024, down from HKD 12,995,000 at the beginning of the period, reflecting a decrease of 36.5%[13] - The company recorded a cash inflow of HKD 4,869,000 from financing activities for the six months ended September 30, 2024, compared to a cash outflow of HKD 4,000 in the same period of 2023[13] - The company’s cash and cash equivalents decreased by HKD 1,692,000 during the period, compared to a decrease of HKD 5,845,000 in the previous year, indicating a reduction in cash outflow[13] Revenue Breakdown - Revenue from external customers in Hong Kong was HKD 2,241,000 for the six months ended September 30, 2024, a decline of 56.5% compared to HKD 5,144,000 in the same period of 2023[21] - The company’s revenue from Taiwan increased to HKD 1,340,000 for the six months ended September 30, 2024, up 27.2% from HKD 1,054,000 in the same period of 2023[21] - Revenue from Hong Kong decreased by approximately 56.4% from about HKD 5,144,000 to about HKD 2,241,000 due to changing consumer behavior and increased competition[40] - Southeast Asia's total revenue decreased by approximately 24.4%, from about HKD 258,000 to about HKD 195,000 due to intensified competition[43] - Approximately 59.3% of the group's revenue came from Hong Kong customers, while 35.5% came from Taiwan customers, and Southeast Asia contributed about 5.2%[39] Share and Dividend Information - The company reported a basic and diluted loss per share of HKD 0.02, compared to HKD 0.03 in the previous year, showing an improvement in per-share losses[5] - The company does not recommend the payment of an interim dividend for the six months ended September 30, 2024[35] - As of September 30, 2024, the total number of issued shares of the company is 239,999,996, following the completion of a subscription agreement for 39,999,996 shares at a price of HKD 0.1265 per share[62] Employee and Operational Information - The cost of employee benefits, including directors' remuneration, was HKD 4,877,000 for the six months ended September 30, 2024, down from HKD 5,755,000 in the previous year[22] - The group employed a total of 22 employees as of September 30, 2024, down from 27 employees in the previous year, with employee costs amounting to approximately HKD 4,877,000 compared to HKD 5,755,000 in the previous year, reflecting a decrease of about 15.2%[66] Corporate Governance and Compliance - The company has complied with all corporate governance rules as per GEM listing rules, with the exception of the separation of the roles of Chairman and CEO, which are currently shared by two executive directors[74] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated financial statements and confirmed compliance with applicable accounting standards and GEM Listing Rules[81] Future Outlook - The company has not disclosed specific future outlook or guidance in the provided content[5] - There have been no significant events occurring after September 30, 2024, that would have a major impact on the company's operations and financial performance[71]
源想集团(08401) - 2025 - 中期业绩