Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 1,038,279,000, representing an increase of 1.3% compared to HKD 1,026,985,000 for the same period in 2023[3] - Gross profit for the period was HKD 393,853,000, slightly down from HKD 399,338,000 in the previous year, indicating a decrease of 1.1%[3] - The operating profit decreased significantly to HKD 4,699,000 from HKD 114,508,000, reflecting a decline of 95.9%[3] - The net loss attributable to shareholders was HKD 4,639,000, compared to a profit of HKD 82,337,000 in the same period last year[3] - Total comprehensive income for the period was HKD 10,980,000, down from HKD 62,021,000, a decrease of 82.3%[6] - The company reported a basic loss per share of HKD 0.3 compared to earnings per share of HKD 4.9 in the previous year[3] - The total loss attributable to shareholders for the period was HKD 4,639, compared to a profit of HKD 82,337 in the previous year[15] - The group recorded a slight loss attributable to shareholders of HKD 4.6 million, compared to a profit of HKD 82.3 million in the same period last year, mainly due to a revaluation loss of investment properties of HKD 13.9 million[46] Revenue Breakdown - The convenience store segment generated revenue of HKD 600,332, while the food business contributed HKD 350,945, indicating a strong performance in these areas[12] - Revenue from Vietnam was HKD 600,332, showing an increase from HKD 589,408 in the previous year, while Hong Kong revenue decreased slightly to HKD 353,285[19] - The convenience store business in Vietnam achieved revenue of HKD 600.3 million, representing a 1.9% increase from HKD 589.3 million in the previous year, despite facing economic challenges[47] - The food business recorded revenue of HKD 350.9 million, a decrease from HKD 355.4 million in the previous year, with operating profit narrowing by 19% to HKD 28.8 million[48] - The packaging materials business achieved revenue of HKD 80.3 million, a 3.8% increase from HKD 77.4 million, with segment profit increasing by 149.6% to HKD 7.9 million[49] - Retail entertainment operations generated revenue of HKD 4.3 million, a 31.5% increase from HKD 3.3 million in the previous year[50] - The property investment segment saw total rental income increase by 53.7% to HKD 2.38 million, primarily due to a self-used property being converted to an investment property[52] Assets and Liabilities - Non-current assets as of September 30, 2024, totaled HKD 1,340,885,000, a slight increase from HKD 1,333,586,000 as of March 31, 2024[8] - Current assets increased to HKD 773,778,000 from HKD 747,634,000, showing a growth of 3.5%[8] - Current liabilities rose to HKD 426,936,000 from HKD 401,026,000, an increase of 6.4%[8] - Total assets as of September 30, 2024, amounted to HKD 2,114,663, with liabilities totaling HKD 764,380, resulting in a net asset position[13] - The total liabilities for the convenience store segment were HKD 567,615, while the food business had liabilities of HKD 57,684[13] - Trade receivables as of September 30, 2024, amounted to HKD 69,941,000, a slight decrease from HKD 72,626,000 as of March 31, 2024[32] - Trade payables as of September 30, 2024, increased to HKD 141,370,000 from HKD 125,974,000 as of March 31, 2024, reflecting a growth of 12.2%[33] Cash Flow and Dividends - The group maintained a cash and bank deposit balance of approximately HKD 425.4 million as of September 30, 2024[44] - As of September 30, 2024, the company's cash balance was HKD 425,377,000[53] - The company declared an interim dividend of HKD 1.1 cents per share, totaling HKD 18,671,000, consistent with the interim dividend declared in 2023[27] - The board declared an interim dividend of HKD 0.011 per share for the year ending March 31, 2025, consistent with the previous year[56] Operational Insights - The company plans to continue expanding its market presence in Vietnam, Hong Kong, and mainland China, focusing on enhancing operational efficiency and product offerings[18] - The company plans to continue developing innovative distribution channels and market strategies to drive revenue growth and enhance market share in the food business[39] - The number of Circle K convenience stores in Vietnam increased to 482, with a net addition of 48 stores compared to the same period last year[38] Accounting and Governance - The company has adopted new accounting standards which did not have a significant impact on the financial statements for the current or prior periods[10] - The company has adopted all provisions of the Corporate Governance Code as of September 30, 2024[61] - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the six months ending September 30, 2024[64] Economic Outlook - The company believes the global economy will accelerate recovery, positioning itself for future opportunities and challenges[54] Employee Information - The total number of employees in the company is approximately 4,460[59]
金源发展国际实业(00677) - 2025 - 中期业绩