Financial Performance - The company reported unaudited revenue of approximately HKD 37.72 million for the six months ended September 30, 2024, representing an increase of about 19.55% compared to the same period last year[4]. - The unaudited profit attributable to the company's owners for the same period was approximately HKD 1.73 million, up from HKD 0.65 million in 2023[4]. - Basic and diluted earnings per share for the six months ended September 30, 2024, were approximately HKD 0.26, compared to HKD 0.10 in 2023[4]. - Gross profit for the period was HKD 9.55 million, compared to HKD 8.20 million in the previous year[7]. - The total comprehensive income for the period was HKD 0.76 million, compared to a loss of HKD 0.16 million in the previous year[10]. - The group reported a total comprehensive income of HKD 2,399,000 for the period, compared to a loss of HKD 163,000 in the same period last year[24]. - The company reported a pre-tax profit of HKD 1,728 million for the six months ended September 30, 2024, compared to HKD 145 million in the same period last year[60]. - The profit attributable to the company's owners for the six months ended September 30, 2024, was approximately HKD 1.73 million, compared to a loss of HKD 0.65 million for the same period in 2023[88]. Revenue Breakdown - Total revenue for the six months ended September 30, 2024, was HKD 37,721,000, an increase from HKD 31,552,000 in the same period last year, representing a growth of approximately 19.5%[35]. - Revenue from electronic products sales reached HKD 27,218,000, up from HKD 15,573,000, indicating a significant increase of about 74.5%[35]. - Revenue from restaurant operations was HKD 10,503,000, a decrease from HKD 15,979,000, reflecting a decline of approximately 34.3%[35]. - Revenue from the electronic products segment was approximately HKD 27.22 million, an increase of about 74.78% compared to the same period last year, primarily driven by increased sales of fishing indicators[83]. - Revenue from the catering services segment was approximately HKD 10.50 million, a decrease of about 34.27% compared to approximately HKD 15.98 million in the same period last year, attributed to the impact of outbound tourism and overall market conditions in Hong Kong[84]. Cash Flow and Assets - Operating cash flow for the six months was HKD 3,119,000, compared to a cash outflow of HKD 3,949,000 in the previous year[24]. - The net cash and cash equivalents at the end of the period were HKD 3,440,000, slightly down from HKD 3,615,000 at the end of the previous year[24]. - The company's total assets less current liabilities amounted to HKD 55.02 million as of September 30, 2024[16]. - The company's cash and bank balances stood at HKD 3.44 million as of September 30, 2024[16]. - The group's total assets as of September 30, 2024, were HKD 53,731,000, an increase from HKD 52,975,000 at the end of the previous period[24]. - The cash and bank balance decreased from approximately HKD 3.86 million as of March 31, 2024, to HKD 3.44 million as of September 30, 2024[88]. - The net current assets as of September 30, 2024, were approximately HKD 20.62 million, down from HKD 22.20 million as of March 31, 2024[90]. Dividends and Shareholder Information - The board of directors did not recommend the payment of an interim dividend for the six months ended September 30, 2024, consistent with the previous year[4]. - The company did not recommend any interim dividend for the six months ended September 30, 2024, consistent with the previous year[56]. - Lissington Limited holds 155,019,960 shares, representing 24.92% of the company's issued share capital[102]. - Guo Xiao Rui owns 128,824,574 shares, accounting for 19.87% of the total issued shares[102]. - Siu Hiu Ki Jamie possesses 103,581,986 shares, which is 16.08% of the company's issued capital[102]. - Bluemount Investment Fund SPC holds 61,009,150 shares, representing 9.15% of the company's issued share capital[102]. - Siu Wa Kei has a total of 61,867,849 shares, accounting for 9.43% of the total issued shares[102]. Strategic Plans and Future Outlook - The group plans to continue expanding its electronic product offerings and enhancing its restaurant services to drive future growth[28]. - The company is committed to maintaining its operational efficiency and exploring strategic partnerships to enhance market presence[28]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[48]. - The company will continue to focus on its core business of selling electronic products while exploring new business opportunities to broaden revenue sources[83]. Operational Efficiency and Expenses - The overall gross profit margin decreased from approximately 25.98% for the six months ended September 30, 2023, to about 25.32% for the same period in 2024, primarily due to a reduction in high-margin dishes in the catering business[85]. - The group's administrative and other expenses increased by approximately 22.81% to HKD 9.78 million for the six months ended September 30, 2024, compared to HKD 7.97 million for the same period in 2023[85]. - The total employee cost for the six-month period, including directors' remuneration, was approximately HKD 11.96 million, compared to HKD 12.30 million in the previous year[96]. Compliance and Governance - The company has adopted GEM Listing Rules regarding the standard of conduct for directors' securities transactions, with no known violations during the reporting period[107]. - The company has complied with corporate governance standards as per GEM Listing Rules during the six months ending September 30, 2024[108]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated results for the six months ending September 30, 2024[113]. - The company has no significant contracts with directors that could impact its business as of September 30, 2024[111]. Liabilities and Financial Position - The group reported no significant contingent liabilities as of September 30, 2024[92]. - There were no significant investments, acquisitions, or disposals of subsidiaries or joint ventures during the six-month period[90].
毅高国际控股(08218) - 2025 - 中期财报