Revenue Performance - The total revenue for the period was approximately HKD 26.8 million, an increase of about 18.9% compared to approximately HKD 22.6 million in the previous period[22]. - The home goods export business contributed approximately 92.3% to the total revenue, with earnings of about HKD 24.8 million, up approximately 23.6% from the previous period[23]. - E-commerce revenue decreased to approximately HKD 1.3 million, down about 24.2% from approximately HKD 1.7 million in the previous period[23]. - The company experienced a decrease in revenue from its own brand products to approximately HKD 0.8 million, down about 6.5% from approximately HKD 0.9 million in the previous period[23]. - Revenue for the six months ended September 30, 2024, was HKD 26,836,000, an increase of 19.4% compared to HKD 22,565,000 for the same period in 2023[89]. - Revenue from Denmark significantly increased to HKD 9,715,000, up 133% from HKD 4,153,000 in the previous year[127]. - For the six months ended September 30, 2024, the company reported revenue from home goods sales of HKD 26,836,000, an increase of 18.4% compared to HKD 22,565,000 in the same period of 2023[123]. Profitability and Loss - The company recorded a loss attributable to owners of approximately HKD 0.1 million, a significant improvement from a loss of about HKD 3.8 million in the previous period[25]. - Gross profit increased by approximately 17.8% to about HKD 8.3 million, with a slight decrease in gross profit margin to approximately 30.7%[32]. - The company reported a loss attributable to owners of HKD 102,000 for the six months ended September 30, 2024, significantly improved from a loss of HKD 3,833,000 in the prior year[89]. - The company reported a net loss of HKD 25,122,000 for the period, compared to a loss of HKD 25,224,000 in the previous year, indicating a slight improvement[105]. Expenses and Costs - The cost of sales increased by approximately 19.4% to about HKD 18.6 million, in line with the revenue growth[30]. - Sales and distribution expenses decreased by approximately 24.8% from about HKD 5.2 million to approximately HKD 3.9 million, primarily due to reduced advertising and promotional costs[34]. - Administrative expenses slightly decreased from approximately HKD 5.8 million to approximately HKD 5.7 million, mainly due to a reduction in employee costs[35]. - Financial costs decreased from approximately HKD 25,000 to approximately HKD 8,000, primarily due to reduced interest expenses on lease liabilities[37]. - The cost of goods sold for home goods was HKD 16,572,000, an increase from HKD 13,781,000 in the prior year[144]. Cash Flow and Financial Position - As of September 30, 2024, the group had cash and bank balances of approximately HKD 14.9 million, an increase from approximately HKD 13.7 million as of March 31, 2024[40]. - The company’s cash and cash equivalents stood at HKD 14,889,000, up from HKD 13,651,000 as of March 31, 2024[95]. - The net cash generated from operating activities for the six months ended September 30, 2024, was HKD 1,445,000, a significant improvement from a net cash used of HKD 8,112,000 in the previous year[108]. - The total cash and cash equivalents increased to HKD 14,889,000 as of September 30, 2024, up from HKD 18,209,000 a year earlier[108]. - Current liabilities increased to HKD 6,709,000 from HKD 5,243,000 as of March 31, 2024, indicating a rise in operational obligations[95]. Assets and Liabilities - Total assets increased to approximately HKD 28.2 million from approximately HKD 26.7 million, while net assets decreased slightly to approximately HKD 21.2 million from approximately HKD 21.5 million[43]. - Trade receivables increased to HKD 8,295,000 as of September 30, 2024, compared to HKD 5,999,000 as of March 31, 2024, while notes receivable decreased to HKD 2,771,000 from HKD 4,181,000[155]. - Trade payables rose to HKD 4,699,000 as of September 30, 2024, from HKD 3,303,000 as of March 31, 2024, with amounts due within 90 days increasing to HKD 4,613,000[163]. - The debt-to-equity ratio decreased to approximately 0.5% from about 1.9%, mainly due to the repayment and amortization of lease liabilities[43]. Government Support and Subsidies - Other income and net profit increased from approximately HKD 0.2 million to approximately HKD 1.3 million, mainly due to government subsidies of about HKD 0.8 million received during the period[33]. - The company received government subsidies amounting to HKD 826,000 during the period, compared to HKD 63,000 in the same period last year, reflecting a substantial increase in support[123]. Corporate Governance and Shareholder Information - The company has adopted the corporate governance code as per GEM listing rules, although the roles of Chairman and CEO are not separated[70]. - Major shareholders include Mr. She with 611,250,000 shares (61.125%) and Ms. Chan with 86,250,000 shares (8.625%) as of September 30, 2024[73]. - The company has not declared any interim dividends for the period, consistent with previous periods[67]. Operational Outlook - The company anticipates a challenging operating environment for the second half of the fiscal year ending March 31, 2025, due to regional military conflicts and global economic slowdown[26]. - The company plans to continuously launch more product varieties and expand its sales network and customer base to enhance revenue and profitability[26]. - The company continues to focus on enhancing its operational efficiency and exploring market expansion opportunities[90]. Employee and Employment Information - The group employed a total of 32 full-time employees as of September 30, 2024, down from 37 employees in the previous year[53]. - Short-term employee benefits and retirement benefit plan contributions for the six months ended September 30, 2024, totaled HKD 1,479,000 and HKD 35,000 respectively, compared to HKD 1,252,000 and HKD 36,000 for the same period in 2023[189].
舍图控股(08392) - 2025 - 中期财报