Compliance and Governance - Dadi Education Holdings Limited reported its interim results for the six months ended September 30, 2024, with a focus on compliance with GEM listing rules[3] - The company confirmed that all directors have collectively and individually accepted responsibility for the accuracy and completeness of the report[9] - The report includes unaudited condensed consolidated financial statements, which are available on the company's website and the Hong Kong Stock Exchange[11] - The interim report will be sent to shareholders and is accessible on the Hong Kong Stock Exchange website[3] - The company emphasizes the importance of understanding the potential risks associated with investing in GEM-listed companies[8] - The company has undergone changes in its board of directors, with new appointments and resignations noted in the report[12] - The report aims to provide comprehensive information about the company's performance and future outlook[9] - The audit committee, composed of independent non-executive directors, has reviewed the unaudited financial statements for the six months ending September 30, 2024, ensuring compliance with applicable accounting standards[127] Financial Performance - The group's revenue for the six months ended September 30, 2024, was approximately HKD 6.9 million, a decrease of about 7.7% compared to HKD 7.5 million for the same period in 2023[21] - Total revenue for the six months ended September 30, 2024, was HKD 6,915,000, a decrease of 7.6% compared to HKD 7,489,000 for the same period in 2023[54] - The loss before tax for the six months ended September 30, 2024, was HKD 1,327,000, significantly improved from a loss of HKD 5,056,000 in the same period last year[54] - The net loss for the six months ended September 30, 2024, was approximately HKD 1.4 million, a decrease from a net loss of HKD 5.1 million in 2023[32] - The company reported a net loss attributable to equity holders of HKD 1,852,000 for the six months ended September 30, 2024, compared to a loss of HKD 5,282,000 in the same period last year[59] - The basic and diluted loss per share for the six months ended September 30, 2024, was HKD 0.07, compared to HKD 0.29 for the same period in 2023[54] - The group reported a loss attributable to equity holders of the company of HKD 1,852,000 for the six months ended September 30, 2024, compared to a loss of HKD 5,282,000 for the same period in 2023[87] Revenue Breakdown - Commission income from arranging students to study in the UK accounted for approximately 48.7% of total revenue, generating about HKD 3.4 million, a decrease of about 5.0% from HKD 3.5 million in 2023[23] - Commission income from arranging students to study in Australia increased by approximately HKD 47,000 or about 2.1% to HKD 2.31 million, representing about 33.3% of total revenue[24] - Commission income from arranging students to study in Canada and the US decreased by approximately 33.2% to about HKD 1.0 million, accounting for about 14.6% of total revenue[25] - Other income increased by approximately HKD 1.9 million or about 96.2% to HKD 3.9 million, primarily due to an increase in foreign exchange gains[26] Expenses and Costs - Marketing costs decreased from approximately HKD 1.8 million to HKD 1.4 million, attributed to increased use of digital marketing[27] - Employee costs increased by approximately HKD 0.1 million to HKD 6.3 million, mainly due to salary payments to employees in China and Malaysia[29] - Other expenses decreased from approximately HKD 6.2 million to HKD 4.9 million, primarily due to a reduction in foreign exchange losses[30] - The group’s financing costs increased to HKD 57,000 for the six months ended September 30, 2024, compared to HKD 33,000 in the same period of 2023[79] - The group’s administrative management fee income decreased to HKD 200,000 for the six months ended September 30, 2024, from HKD 371,000 in the same period of 2023[78] - The group’s depreciation on owned assets was HKD 15,000 for the six months ended September 30, 2024, down from HKD 115,000 in the same period of 2023[81] Cash Flow and Financial Position - As of September 30, 2024, the group's cash and bank balances totaled approximately HKD 36.1 million, an increase from HKD 32.4 million as of March 31, 2024[33] - Cash and cash equivalents as of September 30, 2024, increased to HKD 36,121,000 from HKD 12,336,000 as of the same date in 2023[63] - The group reported a significant increase in cash flow from investing activities, with a net cash inflow of HKD 6,227,000 for the six months ended September 30, 2024, compared to an outflow of HKD 20,939,000 in the same period last year[63] - The total assets less current liabilities amounted to HKD 55,022,000, down from HKD 58,107,000 as of March 31, 2024[55] - The fair value gain on financial assets measured at fair value through profit or loss was approximately HKD 0.5 million for the six months ended September 30, 2024, with the total fair value of these assets at approximately HKD 6.6 million[42] Shareholder Information - The company’s total equity attributable to equity holders decreased to HKD 54,071,000 from HKD 55,728,000 as of March 31, 2024[55] - As of September 30, 2024, the total equity attributable to shareholders was approximately HKD 17.5 million, a slight decrease from HKD 55.7 million as of March 31, 2024[35] - The total number of issued and fully paid shares remained at 1,750,400,000 as of both March 31, 2024, and September 30, 2024[99] - As of September 30, 2024, major shareholder Mr. Zhong holds 892,710,000 shares, representing a significant ownership stake[117] Dividends and Share Options - The group did not recommend the payment of an interim dividend for the six months ended September 30, 2024, consistent with no dividend declared for the same period in 2023[86] - The board did not recommend the payment of an interim dividend for the six months ended September 30, 2024, consistent with the previous year[104] - The company has established a share option scheme aimed at attracting and retaining talented employees, with specific terms outlined in compliance with GEM listing rules[121] - No share options have been granted, exercised, or cancelled from the adoption date of the share option scheme until September 30, 2024[125] Other Information - The company has no significant investments, acquisitions, or plans for capital assets as of the report date[43] - The company confirmed compliance with the minimum public float requirement of 25% as of September 30, 2024[108] - The group has not entered into any derivative agreements or used financial instruments to hedge foreign exchange risks as of September 30, 2024[39] - There have been no significant events affecting the group since September 30, 2024, up to the report date[44] - The company and its subsidiaries did not purchase, sell, or redeem any listed securities during the six months ended September 30, 2024[105] - The company plans to publish its interim results announcement on the Hong Kong Stock Exchange and its official website[128]
大地教育(08417) - 2025 - 中期业绩