Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 63,968,000, a decrease of 21.9% compared to HKD 81,953,000 for the same period in 2023[5] - The net profit for the period was HKD 4,995,000, down 38.5% from HKD 8,085,000 in the same period last year[5] - Basic earnings per share decreased to HKD 1.76, compared to HKD 3.37 for the same period in 2023[5] - Revenue from customer contracts for the six months ended September 30, 2024, was HKD 63,728,000, a decrease of 22.1% compared to HKD 81,713,000 for the same period in 2023[14] - Total revenue for the six months ended September 30, 2024, was approximately HKD 64 million, a decrease of about 22% compared to HKD 82 million for the same period in 2023[55] - The company's profit attributable to owners for the six months ended September 30, 2024, was approximately HKD 5 million, a decrease of about 38.3% from HKD 8.1 million in 2023[65] Revenue Breakdown - Sales from retail channels for tiles and sanitary ware amounted to HKD 24,768,000, down 31.9% from HKD 36,406,000 in the previous year[14] - Non-retail sales for tiles and sanitary ware were HKD 30,404,000, a decrease of 32.8% from HKD 45,307,000 in the prior year[14] - Revenue from the sale of tiles and sanitary ware was approximately HKD 55.2 million, down from HKD 81.7 million in 2023, with retail sales contributing approximately HKD 24.8 million and non-retail sales approximately HKD 30.4 million[55] - The company’s total revenue from solar panels was HKD 8,556,000, with no revenue reported in the same period last year[14] - The company generated approximately HKD 8.6 million in revenue from the sale of solar panels through non-retail channels, representing about 13.4% of total revenue[56] Assets and Liabilities - Total assets less current liabilities amounted to HKD 152,761,000 as of September 30, 2024, compared to HKD 145,034,000 as of March 31, 2024[8] - Total assets as of September 30, 2024, amounted to HKD 328,915,000, an increase from HKD 316,992,000 as of March 31, 2024[23] - Total liabilities as of September 30, 2024, were HKD 180,500,000, compared to HKD 173,572,000 as of March 31, 2024[23] - The total value of trade receivables as of September 30, 2024, was HKD 44.116 million, down from HKD 69.290 million as of March 31, 2024[42] - The company's trade payables as of September 30, 2024, amounted to HKD 26.025 million, an increase from HKD 11.411 million as of March 31, 2024[46] Expenses - Employee benefits expenses, including director remuneration, were HKD 7,256,000 for the six months ended September 30, 2024, compared to HKD 8,381,000 in the previous year[30] - The company incurred other expenses totaling HKD 4,615,000 for the six months ended September 30, 2024, down from HKD 7,640,000 in the same period last year[31] - Depreciation for property, plant, and equipment was HKD 321,000 for the six months ended September 30, 2024, significantly lower than HKD 1,591,000 in the previous year[32] - The company reported a total tax expense of HKD 897,000 for the six months ended September 30, 2024, compared to HKD 1,826,000 in the same period last year[34] Strategic Outlook - The company's overall performance indicates a need for strategic adjustments in response to declining sales across key product categories[21] - The group plans to enhance operational efficiency and diversify revenue sources to improve financial performance in response to changing business environments[81] - The group aims to expand its business in the renewable energy sector to diversify and increase revenue streams[81] - The group anticipates ongoing challenges in the retail market due to intense competition and cautious consumer spending influenced by the economic environment[80] Corporate Governance - The company has adopted and complied with all corporate governance codes as per the listing rules, with a noted deviation regarding the roles of the Chairman and CEO[85] - The board does not recommend any dividend payment for the six months ended September 30, 2024[79] - The company confirmed that neither the directors nor major shareholders hold any interests in companies that may compete with the group[84] - As of September 30, 2024, the company has not engaged in any significant contracts related to its business with directors or major shareholders holding substantial interests[83] Share Capital - The average number of ordinary shares issued for calculating basic earnings per share increased to 284,117,000 for the six months ending September 30, 2024, compared to 240,000,000 for the same period last year[39] - The group has issued 284,117,000 ordinary shares as of September 30, 2024, with no changes in share capital during the six-month period[72] - The company has a share option plan that allows for the granting of options to directors, employees, and consultants, with a total of 4,800,000 shares available for issuance, representing 1.69% of the issued share capital as of September 30, 2024[89]
MOS HOUSE(01653) - 2025 - 中期业绩