Financial Performance - The group's revenue for the six months ended September 30, 2024, was approximately HKD 30.2 million, a decrease of about HKD 4.6 million or 13.2% compared to HKD 34.8 million for the same period in 2023[6]. - The net loss for the group for the six months ended September 30, 2024, was approximately HKD 1.5 million, significantly improved from a net loss of HKD 12.8 million for the same period in 2023[6]. - Total comprehensive expenses for the group for the six months ended September 30, 2024, were approximately HKD 1.5 million, down from HKD 12.8 million for the same period in 2023[6]. - The group's gross profit for the six months ended September 30, 2024, was HKD 19.6 million, compared to HKD 23.4 million for the same period in 2023[10]. - The group reported a basic and diluted loss per share of HKD 0.09 for the six months ended September 30, 2024, compared to HKD 0.81 for the same period in 2023[9]. - The total equity as of September 30, 2024, was HKD 33,796,000, down from HKD 39,950,000 as of September 30, 2023, reflecting a decrease of 15.4%[15]. - The company incurred a loss of HKD (1,455,000) during the period, compared to a loss of HKD (12,760,000) in the same period last year, showing a significant reduction in losses[15]. - Total revenue for the period was approximately HKD 30.2 million, down about 13.2% from approximately HKD 34.8 million for the six months ended September 30, 2023[66]. - Furniture and home decor sales decreased to approximately HKD 26.5 million, down from HKD 29.5 million, representing a decline of about 10.1%[68]. Assets and Liabilities - The group's total assets as of September 30, 2024, were approximately HKD 92.5 million, an increase from HKD 90.8 million as of March 31, 2024[12]. - The group's net assets as of September 30, 2024, were approximately HKD 33.8 million, down from HKD 35.3 million as of March 31, 2024[13]. - Non-current assets decreased to HKD 16.3 million as of September 30, 2024, from HKD 15.9 million as of March 31, 2024[12]. - Current liabilities increased to HKD 72.8 million as of September 30, 2024, compared to HKD 66.8 million as of March 31, 2024[12]. - Trade receivables from third parties amounted to HKD 21.865 million as of September 30, 2024, down from HKD 40.029 million as of March 31, 2024[36]. - The net amount of trade receivables was HKD 21.812 million as of September 30, 2024, compared to HKD 39.891 million as of March 31, 2024[36]. - The company’s receivables from loans increased to HKD 22.160 million as of September 30, 2024, compared to HKD 14.597 million as of March 31, 2024[43]. - The company’s trade payables decreased from HKD 18.583 million as of March 31, 2024, to HKD 2.829 million as of September 30, 2024[44]. Cash Flow and Income - The company reported a net cash outflow from operating activities of HKD (3,142,000) for the six months ended September 30, 2024, compared to HKD (16,152,000) in the previous year, indicating an improvement[17]. - Cash and cash equivalents decreased to HKD 1,798,000 as of September 30, 2024, from HKD 3,190,000 a year earlier, representing a decline of 43.7%[17]. - Other income increased to HKD 7,257,000 for the six months ended September 30, 2024, compared to HKD 3,631,000 in the previous year, marking an increase of 100.5%[28]. - The company generated HKD 999,000 from distribution and licensing fees, which was not reported in the previous year[26]. - The company recognized a tax expense of HKD 871,000 for the period, with HKD 777,000 attributed to operations in China[29]. - Distribution and licensing fee income was approximately HKD 1.0 million, compared to none for the six months ended September 30, 2023[71]. - Rental income for the period was approximately HKD 26,000, compared to zero for the same period last year[74]. Operational Highlights - The company established a new wholly foreign-owned enterprise in Hefei to engage in software and IT services, and acquired Hefei Unmanned Vision Technology Co., Ltd. in March 2024[64]. - The group reported positive profits from consumer loan services provided by Yihua and software and IT services from Hefei Qijia for the six months ending September 30, 2024[77]. - The company will continue to focus on its two TREE retail stores and its commercial retail platform in Hong Kong[77]. - The group plans to enhance its current revenue sources through integration and investment while exploring new opportunities[77]. Shareholder Information - The company's major shareholder, Yu Ding, holds 47.09% of the company's shares, fully owned by Mr. Tang[85]. - Ms. Cen holds a spouse interest in 50.99% of the company's shares, reflecting significant ownership concentration[84]. Corporate Governance - The company has maintained compliance with the corporate governance code, except for the separation of roles between the chairman and CEO[94]. - The board is composed of experienced members and meets regularly to discuss operational matters, ensuring a balance of power[94]. - The audit committee consists of independent non-executive directors, ensuring oversight of financial reporting and risk management[101]. - The company has established a written terms of reference for the audit committee, outlining its main responsibilities[101]. - The company has adopted a share option scheme to reward contributions and attract high-quality talent, compliant with GEM Listing Rules[98]. - No share options were granted under the share option scheme during the reporting period[99]. - The audit committee has reviewed the unaudited consolidated financial statements for the reporting period[101]. Sustainability Initiatives - The company has planted over 100,000 trees through its partnership with Trees 4 Trees in Indonesia, highlighting its commitment to sustainability[75]. - The company has received low carbon care labels for three consecutive years, demonstrating its commitment to ESG initiatives[75]. Dividend Policy - The board does not recommend the payment of an interim dividend for the six months ended September 30, 2024[6]. - The company did not recommend the payment of an interim dividend for the period, consistent with the previous year[35].
齐家控股(08395) - 2025 - 中期业绩