Financial Performance - The group recorded revenue of approximately HKD 5,575,000 for the six months ended September 30, 2024, a decrease of about 55.3% compared to HKD 12,485,000 for the same period in 2023[6] - The group incurred a loss of approximately HKD 2,800,000 for the six months ended September 30, 2024, compared to a profit of approximately HKD 452,000 for the same period in 2023[13] - The gross profit for the six months ended September 30, 2024, was approximately HKD 3,240,000, down from HKD 9,505,000 for the same period in 2023[12] - For the six months ended September 30, 2024, the company reported revenue of HKD 5,575,000, a decrease of 55.2% compared to HKD 12,485,000 for the same period in 2023[31] - The gross profit for the same period was HKD 3,240,000, down 65.9% from HKD 9,505,000 in the previous year[31] - The company incurred an operating loss of HKD 2,488,000, compared to an operating profit of HKD 1,954,000 in the prior year[31] - The net loss for the period was HKD 2,800,000, compared to a profit of HKD 452,000 in the same period last year[33] Cost Management - The group implemented cost-saving measures, reducing service costs from approximately HKD 3,000,000 to about HKD 2,300,000 due to discounts from major shareholder[9] - Selling, distribution, and administrative expenses decreased from approximately HKD 8,000,000 to about HKD 5,800,000 for the same periods[9] - The employee costs from continuing operations for the six months were approximately HKD 3,800,000, a decrease from HKD 4,200,000 for the same period in 2023[22] Assets and Liabilities - The group's current liabilities net value was approximately HKD 63,600,000 as of September 30, 2024[18] - The total assets less current liabilities amounted to HKD (60,132,000) as of September 30, 2024, compared to HKD (57,695,000) as of March 31, 2024[36] - The company’s total liabilities as of September 30, 2024, were approximately HKD 63,630,000, indicating significant uncertainty regarding its ability to continue as a going concern[43] - The company reported total liabilities of HKD 110,273,000 as of September 30, 2024, slightly up from HKD 110,185,000 as of March 31, 2024[80] Cash Flow - For the six months ended September 30, 2024, the net cash used in operating activities was HKD (4,172,000), an improvement from HKD (14,204,000) in the same period of 2023, indicating a reduction of 70.7%[40] - The total cash and cash equivalents at the end of the period were HKD 77,236,000, down from HKD 85,906,000 in 2023, representing a decrease of 10.5%[40] - The financing activities generated a net cash inflow of HKD 1,505,000, contrasting with a net cash outflow of HKD (21,923,000) in the same period last year[40] - The company reported a net decrease in cash and cash equivalents of HKD (2,613,000) for the period, a significant improvement from HKD (36,039,000) in the previous year[40] Shareholder Information - As of September 30, 2024, Shenzhou Communication holds 542,042,000 shares, representing 28.59% of the issued share capital[95] - The company did not declare or propose any dividends for the six months ended September 30, 2024, consistent with the previous period[68] - The company has no provisions for preferential rights regarding the issuance of new shares according to its articles of association[103] Corporate Governance - The audit committee reviewed the unaudited interim results for the six months ending September 30, 2024, ensuring compliance with applicable accounting standards and GEM listing rules[109] - The board confirmed adherence to the corporate governance code principles during the six months ending September 30, 2024[111] - The company has adopted a set of guidelines for securities trading by directors, ensuring compliance with GEM listing rules[112] - The audit committee consists of three independent non-executive directors, responsible for reviewing financial reports and internal control systems[108] Future Plans and Investments - The group is in preliminary discussions for a potential acquisition of equity in an education platform and software company, which could expand its educational service offerings[9] - The group plans to launch various robot-themed activities in Heilongjiang Province, aiming to promote smart education in schools[10] - The company has no significant investments or acquisitions as of September 30, 2024, but is in preliminary discussions regarding a potential acquisition of equity in an education platform and software company[23] Miscellaneous - The company has no significant contingent liabilities as of September 30, 2024, consistent with the previous reporting period[89] - There were no capital commitments for property, plant, and equipment as of September 30, 2024[90] - The company did not enter into any new lease agreements during the six months ended September 30, 2024[73] - The company has no unexercised share options under the 2013 Share Option Scheme as of September 30, 2024[102]
神通机器人教育(08206) - 2025 - 中期财报