Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 102,307 thousand, a decrease of 25% compared to HKD 136,483 thousand for the same period in 2023[2] - Gross profit for the same period was HKD 74,272 thousand, down 25% from HKD 98,865 thousand year-on-year[2] - The net profit attributable to the company's owners was HKD 17,382 thousand, a decline of 33% from HKD 26,014 thousand in the previous year[4] - Basic and diluted earnings per share decreased to HKD 0.78 from HKD 1.17, reflecting a 33% drop[4] - Total comprehensive income for the period was HKD 23,659 thousand, compared to HKD 18,522 thousand in the prior year, indicating an increase[9] - Revenue for the six months ended September 30, 2024, was HKD 102,307,000, a decrease of 25% compared to HKD 136,483,000 for the same period in 2023[21] - The group reported a pre-tax profit of HKD 10,825,000 for the six months ended September 30, 2024, compared to HKD 12,588,000 for the same period in 2023, indicating a decline of 14%[33] - The group recognized revenue of HKD 86,712,000 from sales of burial plots and niches, a decrease of 29.5% from HKD 123,160,000 in the same period of 2023[26] - Interest income from banks for the six months ended September 30, 2024, was HKD 2,566,000, down from HKD 3,547,000 in the same period of 2023, reflecting a decrease of 27.7%[26] - The interim dividend declared was HKD 0.5 per share, down from HKD 0.8 per share in the previous year, resulting in a total of HKD 11,107,000 for the six months ended September 30, 2024[34] Assets and Liabilities - Non-current assets totaled HKD 729,137 thousand as of September 30, 2024, up from HKD 691,611 thousand at the end of March 2024[12] - Current assets decreased to HKD 570,201 thousand from HKD 583,520 thousand, reflecting a decline in liquidity[12] - Current liabilities increased to HKD 177,186 thousand from HKD 147,480 thousand, indicating a rise in short-term obligations[12] - The company's total equity as of September 30, 2024, was HKD 972,957 thousand, slightly down from HKD 978,671 thousand at the end of March 2024[14] - As of September 30, 2024, the total assets and net assets of the group were approximately HKD 1,299,400,000 and HKD 973,000,000, respectively, compared to HKD 1,275,100,000 and HKD 978,700,000 as of March 31, 2024[73] - The net asset value per share was approximately HKD 0.44, unchanged from March 31, 2024[73] Operational Focus - The company continues to focus on its cemetery business in China, with no new product or market expansion strategies disclosed in the report[16] - The group plans to continue focusing on green burial as a core strategy and aims to enhance service transformation and upgrade product strategies[57] - The flagship project, Zhejiang Anxian Garden, launched a 200-square-meter "Boundaryless" digital life experience space, integrating advanced technologies such as holography and AI[56] - The group aims to explore the infinite possibilities of technology empowerment in the funeral industry, promoting modernization and ecological progress[57] Market Trends - The Chinese funeral service market is projected to grow from RMB 257.7 billion in 2020 to RMB 411.4 billion by 2026, with a compound annual growth rate of 8.1%[52] - The aging population in China is expected to drive demand for funeral services, with annual deaths projected to increase from 11.1 million to 12.2 million between 2025 and 2030[52] Governance and Compliance - The company has complied with all applicable corporate governance codes as of September 30, 2024[86] - The audit committee has reviewed the financial reporting procedures and internal controls, confirming no objections to the accounting policies adopted[87] - The report emphasizes the importance of corporate governance as per the listing rules, reflecting the company's commitment to ethical practices[94] - The company is focused on maintaining compliance with the Securities and Futures Ordinance, which governs its operations in Hong Kong[99] Shareholder Information - The company declared an interim dividend of HKD 0.005 per share for the six months ended September 30, 2024, compared to HKD 0.008 per share for the same period last year[81] - The company raised approximately HKD 131,500,000 from a rights issue, with 62% allocated to repay existing debts and 22% for general working capital[80] - The interim report is expected to be distributed to shareholders at an appropriate time, ensuring stakeholders are informed of the company's performance[91] Financial Reporting - The financial reporting adheres to Hong Kong Financial Reporting Standards, ensuring compliance and transparency in financial disclosures[94] - The report does not provide specific financial performance metrics or future guidance, indicating a potential area for further disclosure in future communications[91] - The company operates through its subsidiaries, which are integral to its business operations in mainland China[98]
安贤园中国(00922) - 2025 - 中期业绩