Financial Performance - For the six months ended September 30, 2024, the group's unaudited consolidated revenue was approximately HKD 31.9 million, a decrease of about 0.9% compared to HKD 32.2 million for the same period in 2023[3]. - The unaudited consolidated loss attributable to the company's owners for the six months ended September 30, 2024, was approximately HKD 1.1 million, compared to a profit of HKD 1.6 million for the same period in 2023[3]. - Basic and diluted loss per share for the six months ended September 30, 2024, was HKD 0.23, compared to earnings of HKD 0.32 per share for the same period in 2023[3]. - Gross profit for the six months ended September 30, 2024, was HKD 26.9 million, down from HKD 29.5 million in the same period of 2023[5]. - The company reported a total comprehensive income of HKD 982,000 for the six months ended September 30, 2024, compared to a loss of HKD 4.4 million for the same period in 2023[12]. - The operating loss for the six months ended September 30, 2024, was HKD 251,000, a significant decline from an operating profit of HKD 2.2 million in the same period of 2023[5]. - The net loss for the period was HKD 1,104 thousand, compared to a profit of HKD 1,689 thousand for the same period in 2023[29][41]. - The company recorded a loss attributable to owners of approximately HKD 1.1 million for the reporting period, compared to a profit of approximately HKD 1.6 million for the six months ended September 30, 2023, primarily due to equity-settled share-based payments[84]. Revenue Breakdown - For the six months ended September 30, 2024, total revenue from external customers was HKD 31,891 thousand, a decrease of 0.9% compared to HKD 32,194 thousand for the same period in 2023[29][36]. - Revenue from Hong Kong increased significantly to HKD 14,399 thousand from HKD 8,345 thousand, while revenue from Japan decreased to HKD 17,492 thousand from HKD 23,849 thousand[36]. - The segment performance for the auction and related business generated a profit of HKD 26,636 thousand, while the art sales segment contributed HKD 317 thousand, leading to a total segment performance of HKD 26,953 thousand[29]. Expenses and Costs - The company incurred administrative expenses of HKD 17,282 thousand, which is a slight increase from HKD 16,603 thousand in the previous year[29]. - Selling and distribution expenses were about HKD 10.3 million, reflecting a decrease consistent with the decline in revenue[79]. - The cost of sold inventory for the period was HKD 2,127 thousand, compared to HKD 642 thousand in the same period last year[41]. - Financial income for the six months ended September 30, 2024, was HKD 219,000, compared to HKD 130,000 for the same period in 2023, representing a 68.5% increase[9]. - The net financial cost for the six months ended September 30, 2024, was HKD (301,000), compared to HKD (113,000) for the same period in 2023, indicating a significant increase in financial expenses[9]. - The total income tax expense for the six months ended September 30, 2024, was HKD 440,000, down from HKD 1,001,000 in the same period of 2023, reflecting a 56.1% decrease[9]. Assets and Liabilities - Total assets as of September 30, 2024, were HKD 432.3 million, an increase from HKD 396.6 million as of March 31, 2024[16]. - Total liabilities as of September 30, 2024, were HKD 189.7 million, compared to HKD 157.7 million as of March 31, 2024[18]. - Trade receivables increased to HKD 18,726,000 as of September 30, 2024, from HKD 11,114,000 as of March 31, 2024, marking a 68.5% increase[53]. - Total trade and other receivables amounted to HKD 189,357,000 as of September 30, 2024, compared to HKD 158,160,000 as of March 31, 2024, representing a 19.7% increase[53]. - Bank borrowings as of September 30, 2024, totaled HKD 40,722,000, a slight decrease from HKD 41,598,000 as of March 31, 2024[63]. Dividends and Share Options - The board has resolved not to declare an interim dividend for the six months ended September 30, 2024, consistent with the previous year[3]. - The company did not declare or propose any dividends for the six months ended September 30, 2024, consistent with the same period in 2023[52]. - The company adopted a share option scheme in September 2018, granting 48,000,000 share options to certain directors and employees on April 24, 2023[102]. - The company has proposed to adopt the 2023 Share Option Scheme and terminate the 2018 Share Option Scheme, which was officially approved by shareholders at the annual general meeting on September 4, 2023[105]. - As of September 30, 2024, a total of 48,000,000 share options were granted, with an exercise price of HKD 0.80 per share[103]. Strategic Initiatives - The group aims to maintain stable growth and expand its market presence in other key Asian cities and globally[74]. - The group has initiated joint collection activities with peers in Taiwan to enhance its reach in the Asian art market[74]. - The company aims to expand its business into the contemporary art and jewelry sectors, driven by the significant potential demand from existing customers[107]. - The company plans to enhance its online auction platform and integrate technology to provide a new multi-scenario auction experience for collectors[107]. - The company intends to further develop its business in the Taiwan market to strengthen its brand image and influence in major Asian cities and globally[107]. Governance and Compliance - The board has adopted the corporate governance code as per the listing rules and believes that the company has complied with these codes during the reporting period[110]. - The audit committee has reviewed the unaudited interim consolidated financial information and found no objections to the accounting treatment adopted during the reporting period[112]. Miscellaneous - The group reported no significant capital commitments or major investments during the reporting period[91][93]. - The group has no contingent liabilities or guarantees provided for any third parties as of September 30, 2024[92]. - The group employs a total of 36 full-time employees across Japan, Hong Kong, Taiwan, and China as of September 30, 2024[99]. - There were no significant events affecting the group from the end of the reporting period to the date of this announcement[106]. - The company did not acquire, sell, or redeem any of its listed securities during the reporting period[108].
东京中央拍卖(01939) - 2025 - 中期业绩