Financial Performance - For the six months ended September 30, 2024, the group's revenue was approximately HKD 150,400,000, a decrease from approximately HKD 156,400,000 for the same period in 2023, representing a decline of about 3.2%[4] - The gross profit for the six months ended September 30, 2024, was approximately HKD 58,400,000, compared to approximately HKD 58,200,000 for the same period in 2023, with a gross margin increase from 37.2% to 38.8%[4] - The operating loss for the six months ended September 30, 2024, was HKD 2,545,000, significantly improved from an operating loss of HKD 8,915,000 for the same period in 2023[8] - The net loss attributable to equity holders for the six months ended September 30, 2024, was HKD 6,875,000, compared to a net loss of HKD 9,064,000 for the same period in 2023, indicating a reduction in loss of approximately 24.5%[11] - Other income for the six months ended September 30, 2024, was HKD 2,157,000, compared to HKD 2,455,000 for the same period in 2023, showing a decrease of approximately 12.1%[8] - The total loss before tax for the six months ended September 30, 2024, was HKD 8,017 thousand, compared to HKD 8,609 thousand in 2023, indicating a decrease of about 6.9%[39] Assets and Liabilities - The total assets as of September 30, 2024, amounted to HKD 386,488,000, an increase from HKD 378,654,000 as of March 31, 2024[13] - Total liabilities increased to HKD 141,732,000 from HKD 134,586,000, indicating a rise of approximately 5.4%[15] - The company's total assets reached HKD 386,488,000, up from HKD 378,654,000, reflecting a growth of about 2.2%[15] - As of September 30, 2024, total equity amounted to HKD 244,756,000, a slight increase from HKD 244,068,000 as of March 31, 2024[15] - The company's total liabilities increased to HKD 283,934 thousand as of September 30, 2024, from HKD 266,377 thousand as of March 31, 2024, representing an increase of approximately 6.6%[37] Cash Flow and Financing - Cash and cash equivalents decreased to approximately HKD 89,400,000 as of September 30, 2024, down from HKD 100,000,000 as of March 31, 2024, reflecting a decrease of about 10.6%[6] - The current ratio decreased from approximately 1.2 times as of March 31, 2024, to about 1.1 times as of September 30, 2024, primarily due to increased bank borrowings for property purchases[6] - The total bank borrowings increased from approximately HKD 41,000,000 to HKD 54,400,000, an increase of about HKD 13,400,000 due to new property mortgage loans[100] - Financing income decreased to HKD 1,020 thousand for the six months ended September 30, 2024, down from HKD 2,461 thousand in 2023, reflecting a decline of approximately 58.6%[40] - The company incurred financing costs of HKD 1,931 thousand for the six months ended September 30, 2024, compared to HKD 1,620 thousand in 2023, an increase of about 19.2%[43] Investments and Acquisitions - The company completed a step acquisition of 77.5% equity in Northern Ding Sheng Investment Holdings Limited for a total consideration of HKD 14,500,000, resulting in a loss of approximately HKD 563,000 recognized in the income statement[58] - The identifiable net assets of Northern Ding Sheng at the acquisition date were valued at HKD 19,950,000, with non-controlling interests of HKD 4,500,000 deducted[62] - The acquisition of WAB2 Group was completed for HKD 28,861,000, with a preliminary bargain purchase gain of HKD 1,113,000 recognized[70] - The company acquired two properties in Hong Kong for a total consideration of HKD 19,560,000, with Property One priced at HKD 9,156,000 and Property Two at HKD 10,404,000[73] Operational Highlights - The paper printing segment generated revenue of approximately HKD 100,200,000 for the six months ended September 30, 2024, down from HKD 110,300,000 in the prior year, representing a decline of about 9.5%[80] - The banner printing segment's revenue increased from approximately HKD 46,100,000 to HKD 48,400,000, reflecting a growth of about 5.0%[83] - The yacht financing segment reported revenue of approximately HKD 1,800,000 for the six months ended September 30, 2024[85] - The new yacht financing segment contributed to the improvement in gross margin due to the gradual transformation and enhancement of digital printing in the paper printing division[4] - The group plans to continue investing in digital printing to enhance competitiveness and maintain profitability in a dynamic business environment[86] Shareholder Information - The company did not declare an interim dividend for the six months ended September 30, 2024[6] - As of September 30, 2024, the total number of issued ordinary shares is 550,000,000[103] - The company has not declared an interim dividend for the six months ended September 30, 2024, consistent with the previous year[116] Miscellaneous - The group operates primarily in Hong Kong, with no geographical segment reporting due to the concentration of assets and operations[30] - The company has adopted revised standards and interpretations effective from April 1, 2024, with no significant impact on accounting policies or financial performance[22] - The group has not incurred any significant contingent liabilities as of September 30, 2024[113] - The group has not purchased, redeemed, or sold any of its listed securities during the six months ended September 30, 2024[117] - The audit committee has reviewed the unaudited condensed interim consolidated financial information for the six months ended September 30, 2024[121]
EPRINT集团(01884) - 2025 - 中期业绩