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胜龙国际(01182) - 2025 - 中期业绩
SUCCESS DRAGONSUCCESS DRAGON(HK:01182)2024-11-28 09:00

Financial Performance - Revenue for the six months ended September 30, 2024, was HK$71,200,000, a decrease of 46.1% from HK$132,063,000 in the same period of 2023[9] - Gross profit for the period was HK$6,511,000, down 44.7% from HK$11,709,000 in the previous year[9] - The company reported a loss before tax of HK$2,879,000 compared to a profit of HK$3,507,000 in the prior period[9] - Loss for the period amounted to HK$3,402,000, a significant decline from a profit of HK$1,587,000 in the same period last year[9] - Basic and diluted loss per share was HK$0.97, compared to earnings of HK$0.45 per share in the previous year[9] - Total comprehensive loss for the period was HK$25,000, compared to a total comprehensive loss of HK$2,726,000 in the previous year[9] - The total comprehensive income for the six months ended September 30, 2024, showed a loss of HK$3,402,000, compared to a loss of HK$2,726,000 in the same period of 2023[1] - The Group reported a net loss attributable to owners of the Company of approximately HK$3.4 million for the Reporting Period, compared to a net profit of approximately HK$1.6 million in the corresponding period[121] - The Group recorded a net loss attributable to shareholders of approximately HK$3.4 million, compared to a net profit of approximately HK$1.6 million in the same period last year[126] Expenses and Costs - Administrative and other operating expenses increased to HK$10,115,000 from HK$8,330,000, reflecting a rise of 21.5%[9] - Finance costs rose significantly to HK$2,740,000 from HK$139,000, indicating a substantial increase in financial burden[9] - The total staff costs for the six months ended September 30, 2024, amounted to HK$5,783,000, compared to HK$4,486,000 for the same period in 2023, reflecting an increase of approximately 28.9%[64] - Unallocated corporate expenses rose to HK$6,838,000 in the current period from HK$4,561,000 in the previous year[36] - The income tax expense for the six months ended September 30, 2024, was HK$523,000, significantly lower than HK$1,920,000 for the same period in 2023[61] Assets and Liabilities - As of September 30, 2024, total assets less current liabilities amounted to HK$118,461,000, a slight decrease from HK$118,991,000 as of March 31, 2024[1] - The net current assets increased to HK$107,935,000 from HK$107,700,000, indicating a stable liquidity position[1] - The Group's consolidated assets as of 30 September 2024 were HK$199,596,000, a decrease from HK$204,849,000 as of 31 March 2024[39] - Total liabilities decreased to HK$81,664,000 as of 30 September 2024 from HK$86,892,000 as of 31 March 2024[39] - The aging analysis of trade receivables shows that as of September 30, 2024, HK$7,300,000 was overdue by more than 91 days, compared to HK$8,856,000 as of March 31, 2024[73] - The loss provision for impairment of trade receivables was HK$7,353,000 as of September 30, 2024, down from HK$12,541,000 as of March 31, 2024[73] - The aging analysis of trade payables showed a significant increase in the 0-90 days category, rising to HK$17,149,000 from HK$7,611,000, representing a growth of approximately 125.5%[80] - Total trade payables as of 30 September 2024 were HK$32,071,000, up from HK$29,823,000 as of 31 March 2024, marking an increase of about 7.5%[80] Revenue Sources - Revenue from external customers in the gold processing and trading business decreased to HK$71,200,000 for the six months ended 30 September 2024, down 46% from HK$132,063,000 in the same period of 2023[36] - Segment profit for the gold processing and trading business was HK$3,379,000, a decline of 57% compared to HK$7,929,000 in the previous year[36] - Revenue from gold-laden carbon processing was approximately HK$61.1 million, an increase from HK$36.1 million in the corresponding period[106] - Revenue from gold ore processing dropped to approximately HK$10.1 million from HK$95.9 million in the corresponding period, primarily due to insufficient supply of gold ore[108] Strategic Focus and Future Plans - The company is expected to focus on improving operational efficiency and exploring new market opportunities in the upcoming periods[9] - The Group aims to establish a self-owned gold processing plant to enhance revenue and profit generation, with a designed annual processing capacity of 600,000 tonnes[145] - The preparation for the new gold ore processing plant in Henan Province was suspended due to land acquisition challenges and the need for long-term land-use approval[146] - The board has decided to reallocate remaining net proceeds towards the expansion of existing gold processing and trading operations instead of pursuing the new plant construction[153] - The remaining net proceeds will be used for investment and upgrades in leased plants, acquisition of machinery, and working capital for existing operations[154] Shareholder Information - The total number of issued ordinary shares was 349,519,567 at a par value of HK$0.01 each as of 30 September 2024[133] - As of September 30, 2024, Ms. Shannon Liu holds 232,974,906 shares, representing 66.66% of the total shareholding[176] - Stone Steps Investments Limited, a substantial shareholder, also holds 232,974,906 shares, equating to 66.66%[178] - The Company has not declared any interim dividend for the reporting period, consistent with the previous period where no dividend was declared[191] Compliance and Governance - The Board is satisfied that the Company complied with the Corporate Governance Code throughout the reporting period[200] - There were no competing business interests reported by the Directors during the reporting period[199] - The Company did not enter into any significant contracts during the reporting period where a Director had a material interest[197]