Revenue and Profitability - For the six months ended September 30, 2024, the revenue from travel-related products and services was approximately HKD 171.1 million, with a segment profit of about HKD 5.3 million, a decrease of HKD 4.5 million compared to the previous year[9]. - The revenue from the tour segment remained stable at approximately HKD 169.1 million, while the gross profit decreased by 11.9% to about HKD 28.2 million due to rising inflation and oil prices affecting transportation and accommodation costs[12]. - The retail business generated revenue of approximately HKD 10.9 million but incurred a loss of about HKD 1.6 million, primarily due to high employee costs[9]. - The total revenue for the group was HKD 182.0 million, with a gross profit of HKD 31.8 million for the six months ended September 30, 2024[11]. - Revenue for the six months ended September 30, 2024, was HKD 182,040, a decrease of 3% from HKD 188,604 in the same period last year[52]. - Gross profit for the same period was HKD 31,800, down 13% from HKD 36,613 year-on-year[52]. - The company reported a net loss of HKD 588 for the six months ended September 30, 2024, compared to a net loss of HKD 1,254 in the previous year, indicating a 53% improvement[52]. - The basic and diluted loss per share for continuing operations was HKD 0.05, compared to a profit of HKD 0.12 in the same period last year[54]. Expenses and Cost Management - Total sales expenses decreased by 6.8% to approximately HKD 16.3 million for the six months ended September 30, 2024, mainly due to reduced depreciation from the sale of the restaurant business[18]. - Administrative expenses decreased by 8.2% to approximately HKD 17.8 million for the six months ended September 30, 2024, primarily due to a one-time special training program for employees in the retail business[19]. - The company incurred employee benefits expenses of HKD 19,659,000, up from HKD 18,494,000 in the previous year[99]. - The total remuneration for key management personnel was HKD 1,342,000, slightly up from HKD 1,324,000 in the previous year[153]. Cash Flow and Financial Position - As of September 30, 2024, the group's cash and cash equivalents amounted to approximately HKD 75.4 million, an increase from approximately HKD 67.7 million as of March 31, 2024[22]. - The current ratio as of September 30, 2024, was 1.5 times, slightly down from 1.6 times as of March 31, 2024[22]. - The company's total liabilities, including other payables, reached HKD 61,117,000 as of September 30, 2024, compared to HKD 54,705,000 as of March 31, 2024, reflecting an increase of 11.5%[132]. - The net cash inflow from operating activities for the six months ended September 30, 2024, was HKD 9,742,000, compared to HKD 9,590,000 for the same period in 2023, indicating a slight increase[61]. - Cash and cash equivalents increased by HKD 7,686,000 during the six months ended September 30, 2024, compared to a decrease of HKD 17,381,000 in the same period of 2023[61]. Business Strategy and Development - The company aims to diversify its business portfolio to broaden revenue sources and enhance future profitability[9]. - The company is committed to seeking opportunities for multi-industry development to strengthen its revenue potential[9]. - The company continues to focus on digital marketing and media advertising to enhance brand awareness and product popularity[8]. - The company has expanded its travel tour offerings to over 20 countries, including new destinations in Europe, Australia, Africa, and Asia[8]. - The company aims to enhance business performance during the ongoing outbound tourism boom and will continue to seek diversification in other industries to expand revenue sources[36]. Shareholder and Equity Information - Major shareholder Zonghengyou Investment Holdings Limited holds 100,000,000 shares, representing 14.69% of the company's total shares[43]. - As of September 30, 2024, there were 68,059,000 stock options available for grant under the 2024 Share Option Scheme, compared to 40,000,000 under the previous scheme[40]. - The company reported a total of 680,595,000 weighted average ordinary shares in issue for the six months ended September 30, 2024, compared to 642,480,000 in the previous year, representing an increase of 5.93%[106]. Risk Management and Compliance - The group has faced various financial risks, including foreign exchange risk, credit risk, and liquidity risk, with no significant changes in risk management policies since the last year-end[73]. - The audit committee reviewed the interim financial performance for the six months ended September 30, 2024, ensuring compliance with financial reporting standards[50]. - The company has adopted a code of conduct for directors' securities transactions, confirming compliance by all directors for the reporting period[49]. - The company did not experience any significant labor disputes that disrupted normal business operations during the six months ending September 30, 2024[34]. Inventory and Receivables - Inventory levels rose to HKD 8,002, up from HKD 6,735, indicating a 19% increase[56]. - Accounts receivable decreased significantly to HKD 115,000 as of September 30, 2024, from HKD 3,440,000 at the end of March 2024, indicating a decline of 96.66%[115]. - The company's trade deposits amounted to HKD 26,206,000, an increase from HKD 24,795,000 as of March 31, 2024, representing a growth of 5.7%[120]. Other Financial Information - The company reported a foreign exchange gain of HKD 1,504,000, compared to a loss of HKD 807,000 in the previous year[97]. - The company recorded a cash inflow of HKD 163,000 from the sale of cryptocurrency during the six months ended September 30, 2024, which was not reported in the previous year[61]. - The company reported a net other income of HKD 1,962,000 for the six months ended September 30, 2024, compared to HKD 707,000 in the previous year[97]. - The company reported a loss before tax for continuing operations of HKD 407,000 for the six months ended September 30, 2024, an improvement from a loss of HKD 1,061,000 for the same period in 2023[141].
飞道旅游科技(08069) - 2025 - 中期财报