Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 538,745,000, a decrease of 16.1% compared to HKD 641,846,000 for the same period in 2023[3] - Profit before tax for the period was HKD 28,415,000, a significant decline of 58.3% from HKD 68,258,000 in the previous year[3] - Net profit attributable to the owners of the company was HKD 22,788,000, down 60.8% from HKD 58,115,000 in the same period last year[3] - Basic and diluted earnings per share decreased to HKD 0.06 from HKD 0.14, representing a decline of 57.1%[3] - The company reported a foreign exchange loss of HKD 140,000 for the period, compared to a gain of HKD 473,000 in the previous year[3] - Other income for the six months ended September 30, 2024, was HKD 2,655,000, a significant decrease from HKD 41,164,000 in the previous year[36] - The company's net profit attributable to shareholders for the period was approximately HKD 22.79 million, a decline of about 60.8% from HKD 58.12 million in 2023[100] - Financing costs decreased by approximately 19.4% to about HKD 16.36 million, down from HKD 20.29 million in 2023, due to repayment of bank loans[98] Revenue Breakdown - Revenue from product sales was HKD 381,484 thousand, a decrease of 16.8% compared to HKD 458,616 thousand in the prior year[24] - The product business generated revenue of HKD 382,874,000, down 17.4% from HKD 463,701,000 in the previous year[32] - Operating services revenue was HKD 136,235,000, a decrease of 13.4% from HKD 157,419,000 year-over-year[32] - The company reported a decrease in operating service revenue to HKD 136,235 thousand from HKD 157,419 thousand year-over-year[24] - Property investment revenue slightly increased to approximately HKD 10.86 million, up about 6.8% from HKD 10.17 million in 2023, mainly due to rental income from a building acquired in May 2022[91] Cash Flow and Liquidity - For the six months ended September 30, 2024, the net cash used in operating activities was HKD (20,361) thousand, a significant decrease compared to HKD 74,794 thousand for the same period in 2023[12] - The net cash used in investing activities was HKD (6,336) thousand, a sharp decline from HKD 86,614 thousand in the previous year[12] - The net cash generated from financing activities was HKD 28,412 thousand, a turnaround from a net cash used of HKD (165,451) thousand in the same period last year[14] - Cash and cash equivalents increased to HKD 29,100 thousand as of September 30, 2024, compared to HKD 25,639 thousand at the end of the previous period[14] - The group has cash and cash equivalents of approximately HKD 29.10 million, up from HKD 27.33 million as of March 31, 2024[107] Assets and Liabilities - Non-current assets as of September 30, 2024, totaled HKD 1,014,845,000, slightly down from HKD 1,019,140,000 as of March 31, 2024[5] - Current assets increased to HKD 109,681,000 from HKD 75,328,000, marking a growth of 45.5%[5] - Total liabilities as of September 30, 2024, were HKD 788,048,000, compared to HKD 709,636,000 as of March 31, 2024, indicating an increase of 11.0%[7] - The company's total equity increased to HKD 499,581,000 from HKD 493,672,000, reflecting a growth of 1.8%[7] - As of September 30, 2024, the group reported a net current liability of approximately HKD 492.61 million, a slight decrease from HKD 503.39 million as of March 31, 2024[107] Shareholder Information - The company declared an interim dividend of HKD 0.04 per share for the second quarter, totaling HKD 16,150,000, compared to HKD 12,113,000 for the same period in 2023[42] - The board declared an interim dividend of HKD 0.03 per share for the period ending September 30, 2024, compared to no dividend in 2023[112] - As of September 30, 2024, the company has issued a total of 403,753,000 shares[129] - CKK Investment Limited holds 220,000,000 shares, representing approximately 54.49% of the company's issued shares[134] - The spouse of Mr. Zhang Jing Shan holds a total of 240,506,000 shares, which accounts for 59.57% of the company's issued shares[134] Corporate Governance - The company has adopted the Corporate Governance Code as per the listing rules, ensuring compliance with the relevant provisions[136] - The Audit Committee, consisting of all independent non-executive directors, has reviewed and approved the unaudited consolidated interim financial information for the six months ending September 30, 2024[138] - The company has maintained compliance with the Securities Listing Rules Appendix C1 regarding corporate governance practices[136] - The company’s major shareholders, excluding directors and senior management, have disclosed interests in the company's shares exceeding 5%[133] Operational Outlook - The business outlook remains challenging due to weak economic conditions and low consumer confidence in Hong Kong[117] - The group is committed to enhancing cost management and operational efficiency to navigate market challenges and seize potential opportunities[117]
电讯数码控股(06033) - 2025 - 中期业绩