Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 446.22 million, representing a 41.5% increase from HKD 315.42 million in the same period of 2023[3]. - Gross profit for the same period was HKD 204.88 million, up 77.0% from HKD 114.50 million year-on-year[3]. - Net profit for the six months ended September 30, 2024, was HKD 47.68 million, compared to a net loss of HKD 19.51 million in the previous year[3]. - Basic earnings per share for the period was HKD 1.56, a significant improvement from a loss of HKD 0.72 per share in the prior year[3]. - The company reported a net profit attributable to shareholders of HKD 4,223,000 for the six months ended September 30, 2024, compared to a loss of HKD 1,951,000 in the same period of 2023[35]. - Basic earnings per share for the six months ended September 30, 2024, were HKD 1.56, compared to a loss per share of HKD 0.72 in 2023[36]. - The company recorded a net profit of approximately HKD 4.7 million for the six months ended September 30, 2024, compared to a net loss of approximately HKD 2.0 million for the same period in 2023, primarily due to increased profitability in digital media services and revenue from planned events[58]. Assets and Liabilities - Total assets as of September 30, 2024, amounted to HKD 68.69 million, an increase from HKD 60.96 million as of March 31, 2024[7]. - Cash and cash equivalents were HKD 43.98 million, up from HKD 42.82 million at the end of the previous reporting period[7]. - Trade receivables increased to HKD 106.63 million from HKD 89.84 million, indicating a growth in sales and collection efficiency[7]. - Total equity attributable to owners of the company rose to HKD 49.74 million from HKD 45.51 million, reflecting improved profitability[10]. - Trade payables as of September 30, 2024, amount to HKD 579,000, down from HKD 1,418,000 as of March 31, 2024[46]. - Trade receivables as of September 30, 2024, are HKD 11,640,000, net of impairment provisions of HKD 977,000, resulting in a net value of HKD 10,663,000[43]. Revenue Segments - The company is primarily engaged in providing digital media services, printing media services, and other media services including event planning and artist management[12]. - The group has three reportable segments: digital media services, printing media services, and other media services[19]. - Revenue for the media services segment reached HKD 35,749,000 for the six months ended September 30, 2024, compared to HKD 31,085,000 for the same period in 2023, representing an increase of approximately 15.5%[22]. - External customer revenue was HKD 32,220,000 for the six months ended September 30, 2024, up from HKD 29,232,000 in 2023, indicating a growth of about 6.8%[22]. - The acquisition of To Be Honest contributed approximately HKD 2.494 million in revenue and HKD 808,000 in profit during the reporting period[54]. - Other media services revenue increased from approximately HKD 2.1 million to approximately HKD 12.3 million, with a corresponding increase in pre-tax profit from approximately HKD 0.8 million to approximately HKD 2.5 million[63]. Expenses and Costs - Total expenses for the six months ended September 30, 2024, amounted to HKD 42,278,000, an increase from HKD 33,649,000 in 2023, reflecting a rise of approximately 25.8%[29]. - The company incurred a total of HKD 20,400,000 in production costs for the six months ended September 30, 2024, compared to HKD 16,076,000 in 2023, representing an increase of approximately 27.5%[29]. - Sales cost increased from approximately HKD 20.1 million to HKD 24.2 million, a rise of about HKD 4.1 million or 20.4% due to increased sales[66]. - Selling and distribution expenses increased from approximately HKD 4.6 million to HKD 7.1 million, a rise of about HKD 2.5 million or 54.3%, primarily due to new media channels launched during the period[68]. - Employee benefits expenses rose from approximately HKD 14.3 million to HKD 17.1 million during the respective periods[84]. Acquisitions and Investments - The company acquired 31% of To Be Honest Limited for a total consideration of HKD 2,908,152, increasing its ownership from 20% to 51%[48]. - The acquisition of To Be Honest is expected to enhance the company's market position in advertising and media, expanding its customer base and increasing revenue[49]. - The gain from the remeasurement of previously held equity interest in To Be Honest is HKD 1,499,000, recognized in the consolidated statement of profit or loss[49]. - The company incurred acquisition-related costs of HKD 318,000, which were recognized as general and administrative expenses[54]. Future Outlook and Strategy - The company plans to continue expanding its market presence and exploring new product development opportunities[5]. - The company has not provided specific guidance for future performance but continues to focus on expanding its media services and enhancing operational efficiency[25]. - The company plans to enhance brand awareness and continue focusing on the digital media services segment to capitalize on market opportunities[58]. - The company expects steady growth in demand for digital marketing services due to the increasing internet penetration and growth in the mobile commerce market[58]. Compliance and Governance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with relevant disclosure requirements[14]. - The financial statements are based on historical cost principles, with no significant impact from recent accounting policy changes[16]. - The group has not applied any new standards or interpretations that have not yet come into effect during the reporting period[18]. - The company has adhered to all corporate governance codes during the reporting period[98]. - The company confirmed compliance with the non-competition agreements since the listing date[97]. - The Audit Committee was established on March 2, 2018, consisting of Mr. He Guangyu, Mr. Liang Tingyu, and Mr. Liang Weiwen, with Mr. He as the chairman[101]. Reporting and Documentation - The financial statements are presented in Hong Kong dollars, with amounts rounded to the nearest thousand[13]. - The Group's unaudited condensed consolidated financial statements for the period have not been reviewed by the company's auditors[101]. - The interim report for 2024/2025 will be sent to shareholders at an appropriate time and published on the Hong Kong Stock Exchange and the company's website[102]. - There were no significant events affecting the company after the reporting period up to the announcement date[94].
毛记葵涌(01716) - 2025 - 中期业绩