Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 224,248,000, an increase of 6.5% compared to HKD 211,343,000 for the same period in 2023[3] - Operating loss decreased to HKD 10,068,000 for the six months ended September 30, 2024, from HKD 29,632,000 in the previous year, representing a reduction of 66.1%[5] - The net loss for the period was HKD 16,125,000, compared to a net loss of HKD 28,569,000 in the same period last year, indicating a 43.4% improvement[7] - Total comprehensive income for the period was HKD (14,060,000), an improvement from HKD (30,075,000) in the previous year[7] - The reported loss for the six months ended September 30, 2024, was HKD 16,125,000, compared to a loss of HKD 28,569,000 for the same period in 2023, indicating an improvement in performance[23] - The company reported a pre-tax loss of HKD 16,302,000 for the period, an improvement from a loss of HKD 28,802,000 in the same period last year[37] - Basic loss per share was HKD 0.018, compared to HKD 0.032 for the same period last year, indicating a reduction in loss per share[37] Assets and Liabilities - Non-current assets decreased to HKD 232,139,000 as of September 30, 2024, from HKD 247,747,000 as of March 31, 2024, a decline of 6.3%[9] - Current assets totaled HKD 353,558,000, down from HKD 363,289,000 as of March 31, 2024, reflecting a decrease of 2.0%[9] - Current liabilities increased to HKD 367,150,000 from HKD 361,151,000, representing a rise of 1.1%[9] - The company's equity attributable to shareholders decreased to HKD 175,095,000 from HKD 189,332,000, a decline of 7.5%[11] - As of September 30, 2024, the group's net current liabilities amounted to HKD 13,592,000, considering deferred revenue of HKD 257,011,000 from non-cancellable beauty and wellness package contracts[15] - Total liabilities increased slightly to HKD 54,658,000 from HKD 53,852,000, indicating a marginal rise of 1.5%[43] - Total reportable segment assets as of September 30, 2024, were HKD 551,554,000, compared to HKD 571,637,000 as of March 31, 2024[29] - The total liabilities for the reportable segments were HKD 403,776,000 as of September 30, 2024, down from HKD 414,875,000 as of March 31, 2024[27] Revenue Streams - The group's reportable segment for beauty and wellness services generated revenue of HKD 208,862,000, while skincare and wellness products contributed HKD 15,386,000 for the six months ended September 30, 2024[31] - Revenue from beauty and facial services rose by 9.3% to HKD 157,891,000, while body slimming services increased by 1.7% to HKD 43,580,000[61] - Revenue from external customers for the six months ended September 30, 2024, was HKD 224,248,000, representing an increase from HKD 211,343,000 for the same period in 2023, which is a growth of approximately 6%[23] - Revenue from domestic service introduction increased to HKD 1,723,000, up from HKD 1,331,000, representing a growth of 29.4%[33] - Coffee shop operations generated revenue of HKD 1,880,000, a new revenue stream for the company[33] - The group's revenue in Hong Kong from beauty and health services was HKD 187,978,000, while revenue from prepaid beauty packages was HKD 192,384,000, representing a 9.6% increase and a 3.0% decrease respectively compared to the previous year[54] - In Singapore, the group operates 8 beauty and health service centers, generating revenue of HKD 24,639,000, with service revenue increasing by 1.2% and prepaid beauty package revenue increasing by 4.7% compared to the previous year[58] Expenses and Costs - Employee benefits expenses decreased by approximately 4.4% to HKD 148,071,000, with total employees reduced to 850 from 888[64] - Depreciation expenses for other leased properties were approximately HKD 31,234,000, accounting for about 13.9% of revenue[65] - Other operating expenses for the six months ended September 30, 2024, were HKD 26,475,000, a slight decrease from HKD 26,683,000 in the previous year[68] - Bank fees increased by 8.1% to HKD 12,522,000, while advertising expenses decreased to HKD 1,031,000, representing 0.5% of revenue[66] Strategic Focus and Market Conditions - The company continues to focus on providing beauty and health services, as well as selling skincare and health products, with ongoing efforts in market expansion and product development[13] - The group plans to focus resources on the Hong Kong and Singapore markets, selling two wholly-owned subsidiaries in mainland China due to underperformance[55] - Hong Kong's retail sales decreased by 6.9% year-on-year in September 2024, reflecting a shift in consumer patterns post-pandemic[52] Other Financial Information - The company did not declare or pay any dividends during the six months ended September 30, 2024[50] - The company has capital commitments of HKD 2,023,000 related to leasehold improvements as of September 30, 2024, up from HKD 1,020,000 as of March 31, 2024[74] - The company maintains a prudent financial policy with an annualized yield of approximately 1.9% on cash deposits[72] - The company is actively managing foreign exchange risks as it expands operations into Southeast Asia and Australia, which may impact operational costs[77] - The company has pledged bank deposits of HKD 21,720,000 to secure bank credit facilities for its subsidiaries as of September 30, 2024[75] Governance and Compliance - The Compensation Committee is composed of independent non-executive directors, including Dr. Wong Man Hin (Chair), Ms. Liao Mei Ling, and Mr. Kang Bao Ju[94] - The Audit Committee, chaired by Ms. Liao Mei Ling, reviews the group's financial reports and internal controls, ensuring compliance with listing rules[97] - No significant events affecting the group occurred after the reporting period[98] - The interim results announcement will be published on the Hong Kong Stock Exchange and the company's website on or around December 23, 2024[100] - The Board expresses gratitude to shareholders, business partners, and employees for their continued support[101]
现代健康科技(00919) - 2025 - 中期业绩