Financial Performance - The company reported revenue of approximately HKD 87.0 million for the six months ended September 30, 2024, a decrease of about 33.3% compared to HKD 130.4 million for the same period in 2023[1]. - Gross profit for the same period was approximately HKD 1.0 million, down approximately 40.8% from HKD 1.6 million year-on-year[1]. - The gross margin decreased to approximately 1.1% from 1.2% in the previous year[1]. - The company recorded a loss attributable to equity holders of approximately HKD 3.1 million, a reduction of about 65.8% compared to HKD 9.0 million in the prior period[1]. - Basic and diluted loss per share was approximately HKD 0.02, a decrease of about 60% from HKD 0.05 in the previous year[2]. - Operating loss for the period was approximately HKD 7.4 million, compared to HKD 8.9 million in the same period last year[6]. - Total comprehensive loss for the period was approximately HKD 2.99 million, down from HKD 10.32 million in the prior year[9]. - The group reported a pre-tax loss of HKD 3,127,000 for the six months ended September 30, 2024, compared to a loss of HKD 9,143,000 for the same period in 2023, indicating an improvement of 65.8%[51]. - The group reported a net loss of HKD 3,127,000 for the six months ended September 30, 2024, with a weighted average of 172,700,000 shares outstanding[52]. Dividend and Share Capital - The board of directors did not recommend the payment of an interim dividend for the six months ended September 30, 2024[3]. - The group did not recommend any interim dividend for the period, consistent with the previous year[50]. - The total issued and paid-up share capital remained stable at HKD 863,000 as of September 30, 2024, unchanged from March 31, 2024[74]. Assets and Liabilities - The company's net assets amounted to HKD 83.3 million as of September 30, 2024[15]. - Non-current assets in mainland China amounted to HKD 1,035,621,000 as of September 30, 2024, down from HKD 2,261,257,000 as of March 31, 2024[38]. - The total liabilities as of September 30, 2024, were HKD 6,396,000, down from HKD 7,483,000 as of March 31, 2024, showing a decrease of 14.5%[73]. - The group’s cash and cash equivalents were reported at HKD 2,224,000 as of September 30, 2024, compared to HKD 2,495,000 as of March 31, 2024, indicating a decline of 10.9%[71]. - As of September 30, 2024, the company's current assets were approximately HKD 55.0 million, including cash and bank balances of about HKD 25.7 million[110]. - The current ratio as of September 30, 2024, was approximately 7.8, indicating a strong liquidity position[110]. Revenue Sources - Revenue from external customers for the six months ended September 30, 2024, was HKD 86,984,000, a decrease of 33.3% compared to HKD 130,444,000 for the same period in 2023[36]. - Sales of gold jewelry products generated HKD 81,288,000, up from HKD 76,641,000 in the previous year, reflecting a growth of 8.6%[43]. - For the six months ended September 30, 2024, the group generated revenue of approximately HKD 87.0 million from the mainland China market[90]. Expenses and Cost Management - The group incurred a cost of goods sold of HKD 85,723,000 for the six months ended September 30, 2024, down from HKD 129,358,000 in 2023, representing a reduction of 33.7%[46]. - Administrative expenses for the six months ended September 30, 2024, were approximately HKD 7.8 million, a decrease of about 17.9% compared to the same period last year[90]. - Sales expenses decreased by approximately 45.8% to about HKD 0.7 million compared to the same period last year[90]. - The financial cost for the six months ended September 30, 2024, was HKD 19,000, a decrease of 34.5% from HKD 29,000 in the same period of 2023[45]. Investments and Financial Assets - As of September 30, 2024, the fair value of Hong Kong listed equity securities was HKD 11,161,000, compared to HKD 7,275,000 as of March 31, 2024, representing an increase of 53.5%[56]. - The fair value of life insurance policies increased to HKD 19,212,000 as of September 30, 2024, from HKD 18,786,000 as of March 31, 2024, reflecting a growth of 2.3%[61]. - The group holds financial assets measured at fair value through profit or loss amounting to approximately HKD 30,373,000, representing about 34.6% of total assets[124]. - The financial assets include life insurance policies valued at approximately HKD 19,212,000, accounting for about 21.9% of total assets, and listed equity securities in Hong Kong valued at approximately HKD 11,161,000, which is about 12.7% of total assets[124]. Corporate Governance and Management - The board of directors consists of two executive directors, two non-executive directors, and three independent non-executive directors[140]. - The audit committee, composed of three independent non-executive directors, reviewed the interim report for the period[142]. - The group has maintained a stable workforce of 10 employees as of September 30, 2024, consistent with the previous period[119]. - The company has adopted corporate governance principles and has complied with the relevant codes as of September 30, 2024[137]. Future Plans and Strategies - The company plans to expand online sales channels to enhance customer shopping and customization experiences[1]. - The company aims to leverage new technologies such as augmented reality (AR) and blockchain to develop service platforms and increase profitability[1]. - The group is focusing on the high-end art jewelry market and online sales to adapt to changing consumer behavior[89]. - The group aims to enhance brand awareness and sales through online marketing and social media platforms[89]. - The group continues to seek new opportunities both locally and overseas, believing that listed equity securities in Hong Kong remain attractive investments[130].
域能控股(00442) - 2025 - 中期业绩