Financial Performance - The company reported a revenue of HKD 302,242,000 for the six months ended September 30, 2024, a decrease of 18% compared to HKD 368,294,000 in the same period of 2023[2]. - The company incurred a loss before tax of HKD 55,268,000, compared to a loss of HKD 29,904,000 in the previous year, indicating a significant increase in losses[4]. - The basic and diluted loss per share was HKD 5.30, up from HKD 2.86 in the prior year, reflecting a worsening financial performance[4]. - The group reported a loss before tax of HKD 52,049,000 for the six months ended September 30, 2024, compared to a loss of HKD 29,904,000 for the same period in 2023[42][43]. - The loss attributable to equity holders was HKD 55.4 million for the first half of 2024, compared to a loss of HKD 29.9 million in the first half of 2023[62]. - The group’s segment performance showed a loss of HKD 24,798,000 across all segments for the six months ended September 30, 2024[29]. Assets and Liabilities - Total assets increased to HKD 1,456,870,000 as of September 30, 2024, compared to HKD 1,428,625,000 as of March 31, 2024[17]. - Current assets totaled HKD 482,754,000, an increase from HKD 462,779,000 in the previous period, indicating improved liquidity[8]. - The total assets of the group as of September 30, 2024, amounted to HKD 1,456,870,000, with total liabilities of HKD 558,728,000[33][35]. - Non-current liabilities decreased to HKD 66,927,000 from HKD 78,641,000, suggesting a reduction in long-term financial obligations[13]. - The company's debt ratio increased to 22.9% as of September 30, 2024, up from 18.3% as of March 31, 2024[72]. - The group's current assets and current liabilities were approximately HK$482.8 million and HK$491.8 million, respectively, resulting in a current ratio of about 0.98[75]. Cash Flow and Income - The company’s cash and cash equivalents increased to HKD 71,731,000 from HKD 67,711,000, indicating a slight improvement in cash flow[8]. - Interest income increased significantly to HKD 9,267,000 for the six months ended September 30, 2024, compared to HKD 67,000 in the same period of 2023[46]. - The group’s total income from other sources, including rental income and government subsidies, was HKD 18,222,000 for the six months ended September 30, 2024[46]. - The total employee cost incurred during the period was HKD 95.0 million, compared to HKD 92.6 million for the six months ended September 30, 2023[81]. Operational Performance - Total revenue for the six months ended September 30, 2024, was HKD 302,242,000, with contributions from retail and wholesale segments of HKD 113,409,000 and HKD 100,386,000 respectively[29]. - The "Time Corridor" group's revenue decreased by 21.6% to HK$201.9 million for the first half of 2024, down from HK$257.6 million in the same period of 2023[64]. - The Greater China "Time Corridor" business reported revenue of HK$113.4 million, a decline of 23.2% year-on-year[65]. - The Southeast Asia business revenue was HK$88.4 million, a decrease of 19.5% year-on-year, with a loss before interest and tax of HK$9.8 million[67]. Governance and Compliance - The company has adopted new accounting standards effective from April 1, 2024, which may impact future financial reporting[22]. - The group is currently evaluating the impact of the new Hong Kong Financial Reporting Standard No. 18 on its financial statements[26]. - The company has adopted the provisions of the Code regarding the remuneration committee, excluding the part related to reviewing and determining the remuneration of senior management[92]. - The audit committee reviewed the effectiveness of the internal control system and discussed the financial reporting matters for the six months ending September 30, 2024[93]. - All directors have complied with the standards set out in the Code regarding securities trading during the six months ending September 30, 2024[98]. - The company has confirmed that there have been no violations of the standards set for directors' securities trading[97]. Shareholder and Management Information - The group did not declare an interim dividend for the six months ended September 30, 2024, consistent with the previous year[50]. - The group had no significant investments or acquisitions planned as of September 30, 2024[77]. - The group did not engage in any major acquisitions or disposals of subsidiaries, associates, or joint ventures during the period[80]. - The group repurchased a total of 9,555,000 shares at a total cost of HK$839,287, with 1,716,000 shares cancelled[85]. - The board believes that the continuity of the roles of the Chairman and CEO, Chumphol Kanjanapas, and Vice Chairman, Suriyan Kanjanapas, is essential for the stability and sustainability of the group[91]. - The company will publish its interim report for the fiscal year 2024/2025 at an appropriate time[99].
宝光实业(00084) - 2025 - 中期业绩