Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 62,916,000, a decrease of 17.3% compared to HKD 76,040,000 in the same period of 2023[3] - Gross profit for the same period was HKD 30,099,000, down 23.1% from HKD 39,133,000 year-on-year[3] - The company recorded a profit attributable to owners of HKD 10,061,000, a decline of 25.5% from HKD 13,491,000 in the previous year[3] - Basic and diluted earnings per share were HKD 2.52, compared to HKD 3.37 for the same period last year, reflecting a decrease of 25.2%[3] - The company reported a net profit of HKD 10,061,000 for the six months ended September 30, 2024, down from HKD 13,491,000 in 2023, reflecting a decline of 25.5%[43] - Basic earnings per share for the six months ended September 30, 2024, was HKD 2.52, compared to HKD 3.37 in 2023, indicating a decrease of 25.2%[42] - The company's net profit after tax decreased by approximately 25.4% or about HKD 3,400,000, from approximately HKD 13,500,000 to about HKD 10,100,000[73] Cash Flow and Assets - Cash and cash equivalents increased to HKD 82,984,000 from HKD 79,264,000 year-on-year, representing a growth of 3.4%[20] - The net cash generated from operating activities was HKD 3,437,000, down 65.0% from HKD 9,814,000 in the previous year[20] - The company’s total assets less current liabilities amounted to HKD 119,356,000, an increase from HKD 110,885,000 as of March 31, 2024[16] - The company’s total equity increased to HKD 119,356,000 from HKD 109,295,000, reflecting a growth of 9.5%[16] - Trade receivables as of September 30, 2024, amounted to HKD 39,501,000, an increase from HKD 26,808,000 as of March 31, 2024, representing a growth of 47.4%[46] - Trade payables as of September 30, 2024, were HKD 20,371,000, a decrease from HKD 24,819,000 as of March 31, 2024, indicating a reduction of 18.0%[49] Income and Expenses - The company reported other income of HKD 3,028,000, which is a significant increase of 72.5% compared to HKD 1,755,000 in the previous year[3] - Other income increased to HKD 3,028,000 for the six months ended September 30, 2024, compared to HKD 1,755,000 in 2023, representing a growth of 72.5%[33] - The total service costs decreased by about 11.1%, from approximately HKD 36,900,000 to about HKD 32,800,000[63] - The company’s total employee costs (excluding directors' remuneration) decreased to HKD 17,547,000 for the six months ended September 30, 2024, from HKD 21,185,000 in 2023, a decline of 17.5%[39] - Financing costs increased to HKD 187,000 for the six months ended September 30, 2024, compared to HKD 59,000 in 2023, marking an increase of 216.9%[34] Dividends and Shareholder Information - The company did not declare any dividends for the six months ended September 30, 2024, consistent with the previous year[40] - The company did not recommend any dividend for the six months ended September 30, 2024, consistent with the previous period[61] - The company’s major shareholders include Brilliant Ray and Long Peak, each holding 116,580,000 shares, representing approximately 29.1% of the issued share capital[91] - The company has maintained a sufficient public float of at least 25% of its issued shares throughout the six-month period ending September 30, 2024[109] Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2024[110] - The company has adopted the corporate governance code as per the listing rules and has complied with its provisions during the reporting period[100] Future Plans and Developments - The company has not disclosed any new product developments or market expansion strategies during this reporting period[22] - The company has no new implementation or financing plans as of September 30, 2024[78] - No significant investments or acquisitions were made by the company during the six months ending September 30, 2024[79] - There are no specific plans for significant investments or capital assets as of September 30, 2024[81] - The company reported no significant contingent liabilities as of September 30, 2024, and September 30, 2023[82] - The company does not face significant foreign exchange risks as its business activities are conducted solely in Hong Kong and primarily denominated in HKD[84] - No significant events occurred after the reporting period ended[85] Accounting and Standards - The company applied new accounting standards during the reporting period, but these did not have a significant impact on the financial statements[28] - As of September 30, 2024, the company's debt-to-asset ratio was 3.3%, down from 5.6% as of March 31, 2024[74] - As of September 30, 2024, the company had no outstanding stock options granted under its stock option plan[97] - The company did not purchase, sell, or redeem any of its listed securities during the six months ending September 30, 2024[98] - The company has the capacity to issue 40,000,000 shares under its stock option plan, equivalent to 10% of the existing issued share capital as of the announcement date[97] - The company had no assets pledged as collateral as of September 30, 2024, and September 30, 2023[80]
优越集团控股(01841) - 2025 - 中期业绩