Revenue and Profitability - Revenue for the six months ended September 30, 2024, was approximately HKD 449.2 million, compared to HKD 415.2 million for the same period in 2023, representing an increase of 8.1%[3] - The loss attributable to shareholders for the period was approximately HKD 9 million, compared to a profit of HKD 16.4 million in the same period last year, indicating a significant decline[3] - The company reported a gross profit of HKD 34.0 million, down from HKD 80.9 million year-on-year, reflecting a decrease of 57.9%[3] - The adjusted profit before tax for the group was a loss of HKD 17,971, compared to a profit of HKD 12,957 in the previous year[28][34] - The company reported a total comprehensive income of HKD 8,776,000 for the period, a decrease from HKD 16,406,000 in the previous year, indicating a decline of approximately 47%[10] Cash Flow and Assets - The company reported a net cash inflow from operating activities of HKD 226,821,000 for the six months ended September 30, 2024, compared to HKD 372,030,000 for the same period in 2023, representing a decrease of approximately 39%[13] - The company experienced a net cash outflow from financing activities of HKD 156,145,000, significantly lower than the HKD 541,266,000 outflow in the previous year, indicating improved cash management[13] - Total non-current assets amounted to HKD 1,038.3 million, a decrease from HKD 1,050.2 million as of March 31, 2024[7] - Current assets decreased significantly to HKD 236.0 million from HKD 417.3 million, a decline of 43.4%[7] - The company’s total assets were reported at HKD 760,455,000 as of September 30, 2023, down from HKD 751,679,000 at the beginning of the period, indicating a slight decrease[10] Equity and Liabilities - The total equity as of September 30, 2023, was HKD 663,560,000, a decrease from HKD 751,679,000 as of April 1, 2023, reflecting a decline of approximately 12%[10] - The net asset value decreased to HKD 463.4 million from HKD 483.9 million as of March 31, 2024[7] - Total liabilities increased to HKD 810,848 from HKD 983,588, indicating a reduction of 17.6%[37] Dividends and Retained Earnings - The company has proposed not to declare an interim dividend for this period[1] - The company’s retained earnings stood at HKD 501,288,000 as of September 30, 2023, compared to HKD 484,882,000 on April 1, 2023, showing an increase of about 3%[10] - The company’s proposed dividend remains at zero for the current period, consistent with the previous year, reflecting a cautious approach to cash distribution[10] Sales and Revenue Breakdown - The revenue from tapioca chip sales was HKD 438,684, down 47.7% from HKD 840,857 in the previous year[43] - The total rental income decreased to HKD 2,300 from HKD 7,328, representing a decline of 68.6%[43] - The revenue from the procurement and sales of cassava chips decreased to approximately HKD 438.7 million, down about 47.8% from HKD 840.9 million in the same period last year[61] - The gross profit from cassava chip sales dropped to approximately HKD 24.7 million, compared to HKD 66.9 million in the previous year, primarily due to decreased sales[63] - The cost of sales for cassava chips was approximately HKD 414 million, a reduction of about 46.5% from HKD 774 million in the same period last year[63] Operational Metrics - Inventory turnover was approximately 66.7 days as of September 30, 2024, a decrease of about 35.5 days compared to 102.2 days as of March 31, 2024[72] - Accounts receivable turnover was approximately 7.3 days as of September 30, 2024, a decrease of about 27.8 days from 35.1 days as of March 31, 2024[72] - The group has a total employee count of approximately 240, with total employee costs around HKD 12.6 million for the period[73] Future Plans and Investments - A joint venture will be established in Laos for the production and sale of cassava starch, expected to commence operations in the second half of 2024[81] - The group currently has no significant capital commitments or contingent liabilities as of September 30, 2024[77][78]
木薯资源(00841) - 2025 - 中期业绩