Revenue Performance - The group's revenue decreased by approximately 4.9% to about HKD 82,500,000 for the six months ended September 30, 2024, compared to HKD 86,800,000 in the same period of 2023[2] - Total revenue for the six months ended September 30, 2024, was HKD 82,535,000, a decrease of 5% compared to HKD 86,791,000 for the same period in 2023[35] - Retail revenue slightly decreased by approximately 4.9% during the reporting period, amounting to about HKD 82,500,000, down from approximately HKD 86,800,000 in 2023[75] - Sales by business segment showed offline sales at HKD 81.2 million (down 4.7%) and online sales at HKD 1.3 million (down 18.8%) for the same period[2] - Offline sales contributed HKD 81,249,000, while online sales accounted for HKD 1,286,000, indicating a decline in both segments[38] Profitability and Loss - Gross profit decreased by approximately 6.2% to about HKD 60,600,000, with a slight decline in gross margin to approximately 73.4% from 74.4% in 2023[2] - The group recorded a net loss of approximately HKD 2,500,000 for the six months ended September 30, 2024, compared to a net profit of HKD 3,500,000 in 2023[3] - Basic and diluted loss per share was approximately HKD 0.7 cents, compared to earnings of HKD 1.0 cent per share in 2023[4] - Adjusted profit before tax for the group was HKD 11,335,000, down from HKD 14,604,000 in the previous year, reflecting a decrease of approximately 22%[27] - The group reported a pre-tax loss of HKD 2,470,000, reflecting ongoing challenges in the retail environment[27] Assets and Liabilities - Total assets less current liabilities amounted to HKD 192,421,000 as of September 30, 2024, compared to HKD 185,203,000 as of March 31, 2024[11] - Current assets totaled HKD 141,331,000, slightly up from HKD 141,223,000 as of March 31, 2024[11] - Non-current assets totaled HKD 90,114,000, down from HKD 90,571,000 as of March 31, 2024[11] - Total assets as of September 30, 2024, amounted to HKD 231,445,000, slightly down from HKD 231,794,000 as of March 31, 2024[27] - Total liabilities increased to HKD 70,040,000 from HKD 67,757,000, indicating a rise in financial obligations[27] Operational Highlights - The group primarily engages in the design and retail of trendy clothing, bags, and fashion accessories, with significant revenue from its main brands such as "SALAD" and "TOUGH"[13] - The group operated 35 self-managed retail stores as of September 30, 2024, an increase from 33 stores as of March 31, 2024[73] - Same-store sales grew by approximately 1% in the second quarter of 2024 compared to the same period last year, showing a significant recovery from a decline of about 9% in the first quarter[77] - The group faced challenges in the Hong Kong retail market due to slow economic recovery and increased outbound travel, impacting sales performance[74] - The group continues to focus on operational quality and profitability rather than solely pursuing sales performance[78] Future Outlook and Strategies - The group is optimistic about the second half of the year due to government policies aimed at boosting local tourism and store renovations[78] - The group anticipates increased consumer spending during the year-end holidays and major shopping seasons due to the gradual recovery of the tourism industry[102] - The group plans to optimize store layouts and enhance in-store experiences to attract more foot traffic[102] - The company continues to focus on expanding its online distribution channels to capture the potential of online consumption[19] - The group aims to expand its e-commerce platform and strengthen the synergy between online and offline sales channels[104] Financial Management - The group had no bank borrowings as of September 30, 2024, maintaining an asset-liability ratio of zero[93] - The group maintained stable operating expenses, which slightly increased by about 0.2% to approximately HKD 64,500,000, compared to HKD 64,400,000 in 2023[83] - Employee benefit expenses, including director remuneration, decreased to HKD 23,148,000 for the six months ended September 30, 2024, from HKD 22,599,000 in 2023, reflecting a 2.4% increase[42] - The interest expense on lease liabilities for the six months ended September 30, 2024, was HKD 1,813,000, compared to HKD 1,719,000 in 2023, marking a 5.5% increase[40] - The depreciation of property, plant, and equipment for the six months ended September 30, 2024, was HKD 2,775,000, up from HKD 1,557,000 in 2023, showing an increase of 78.1%[42] Shareholder Information - The company did not declare an interim dividend for the six months ended September 30, 2024, and 2023[50] - The board did not declare an interim dividend for the six months ended September 30, 2024, and 2023[106] - The board has established an audit committee consisting of at least three independent non-executive directors as of September 30, 2024[110] - At least 25% of the company's issued shares are held by the public as of the announcement date[111] - The interim results announcement will be published on the Hong Kong Stock Exchange and the company's website[112]
包浩斯国际(00483) - 2025 - 中期业绩