Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 48,130,000, a decrease of 52.6% compared to HKD 101,526,000 for the same period in 2023[2] - Gross profit for the same period was HKD 18,808,000, down 6.6% from HKD 20,138,000 year-on-year[2] - The company reported a loss attributable to equity holders of HKD 3,064,000, compared to a loss of HKD 648,000 in the previous year[4] - The revenue from mobile phone sales in Hong Kong was HKD 3,150,000, while IoT solutions sales in Hong Kong reached HKD 43,008,000[15] - The report showed a loss of HKD 3,032,000 for the reporting segments, compared to a loss of HKD 524,000 in the previous year[22] - The company's revenue for the six months ended September 30, 2024, was HKD 48,000,000, a decrease of approximately 53% compared to HKD 102,000,000 for the same period last year[50] - The loss attributable to equity holders for the period was HKD 3,100,000, compared to a loss of HKD 600,000 for the same period in 2023[50] - Revenue from mobile phone sales decreased by 84% to HKD 3,000,000, primarily due to weak market demand and the closure of the AEON department store counters[51] - Revenue from IoT solutions was HKD 44,000,000, down from HKD 82,000,000, resulting in a loss of HKD 600,000 compared to a profit of HKD 1,700,000 in the previous year[52] - Rental income from property investment increased by HKD 300,000 to HKD 800,000, but the segment recorded a loss of HKD 1,800,000, up from HKD 1,200,000 due to increased financial costs from bank loans[53] Assets and Liabilities - Total assets as of September 30, 2024, were HKD 400,426,000, a slight increase from HKD 400,185,000 as of March 31, 2024[6] - Current assets decreased to HKD 160,622,000 from HKD 190,853,000, reflecting a decline of 15.8%[6] - The company’s cash and bank balances decreased to HKD 15,657,000 from HKD 22,699,000, a reduction of 30.9%[6] - The net current asset value was HKD 15,028,000, down from HKD 18,168,000, indicating a decline of 17.8%[8] - Total assets as of September 30, 2024, amounted to HKD 374,650,000, down from HKD 405,345,000 as of March 31, 2024[25] - Total liabilities were HKD 145,907,000, a decrease from HKD 172,775,000 as of March 31, 2024[25] - The company's total bank borrowings were HKD 132,000,000, compared to HKD 159,000,000 as of March 31, 2024[56] - The asset-to-equity ratio improved to 55% from 66% as of March 31, 2024, indicating a reduction in total borrowings relative to total equity[56] Costs and Expenses - The company’s financing costs decreased to HKD 3,713,000 from HKD 5,910,000, a reduction of 37.4%[2] - Financing costs for the period were HKD 3,713,000, compared to HKD 5,910,000 in the previous year[27] - Depreciation expenses totaled HKD 479,000 for the six months ended September 30, 2024[27] - The company recognized government grants of HKD 26,000 during the period, down from HKD 52,000 in the previous year[27] - The company reported a fair value loss of HKD 86,000 in foreign exchange for the period[27] Equity and Shareholder Information - The company’s total equity as of September 30, 2024, was HKD 239,470,000, a decrease from HKD 242,361,000 as of March 31, 2024[8] - The company has granted unexercised share options involving 88,280,000 shares, representing 7% of the total issued shares as of September 30, 2024[59] - The company has provided corporate guarantees amounting to HKD 130,000,000 as of September 30, 2024, down from HKD 138,000,000 as of March 31, 2024[61] Corporate Governance and Compliance - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by the same individual[64] - The audit committee reviewed the accounting policies and discussed internal controls and financial reporting matters for the six months ended September 30, 2024[66] - The interim report containing all required information will be sent to shareholders and published on the company's website and the Hong Kong Stock Exchange's website[69] Employment and Staff - The company employed approximately 109 staff as of September 30, 2024, compared to 100 staff as of March 31, 2024, with total employee costs remaining at HKD 7,000,000[58]
香港通讯国际控股(00248) - 2025 - 中期业绩