Financial Performance - For the six months ended September 30, 2024, the company reported a revenue of HKD 6,002,000, a decrease of 39.5% compared to HKD 9,954,000 for the same period in 2023[9]. - The company incurred a loss of HKD 16,119,000 for the period, which is an increase of 47.5% from a loss of HKD 10,954,000 in the previous year[11]. - Basic and diluted loss per share for the period was HKD 0.44, compared to HKD 0.21 for the same period last year[9]. - Total comprehensive expenses for the period amounted to HKD 13,517,000, up from HKD 7,643,000 in the previous year, reflecting a 77.5% increase[11]. - Operating loss for the six months ended September 30, 2024, was HKD 11,217,000, compared to an operating loss of HKD 7,623,000 for the same period in 2023, indicating a deterioration in performance[42]. - The group recorded a loss of approximately HKD 16.12 million, an increase from HKD 10.95 million in the same period last year, primarily due to a contraction in the environmental consulting services business[73]. Assets and Liabilities - The company's total assets less current liabilities stood at HKD (420,327,000) as of September 30, 2024, compared to HKD (406,810,000) as of March 31, 2024[12]. - The company's total assets of the company as of September 30, 2024, were HKD 1,118,482,000, compared to HKD 1,096,238,000 as of March 31, 2024, indicating an increase of 2%[29]. - The company's equity attributable to owners decreased to HKD (185,086,000) from HKD (175,477,000), reflecting a worsening financial position[14]. - The company's total borrowings as of September 30, 2024, amounted to HKD 587,781,000, an increase from HKD 584,634,000 as of March 31, 2024[51]. - The debt-to-asset ratio was approximately 160% as of September 30, 2024, compared to about 159% on March 31, 2024[84]. Cash Flow - The net cash generated from operating activities for the six months ended September 30, 2024, was HKD 769,000, a decrease of 81% compared to HKD 4,050,000 for the same period in 2023[17]. - The company reported no cash flow from investing activities for the current period, compared to HKD 1,685,000 in the previous year[17]. - The financing activities did not generate any cash flow during the current period, contrasting with a cash outflow of HKD 1,375,000 in the previous year[17]. - The total cash and cash equivalents at the end of the period increased to HKD 13,469,000 from HKD 12,987,000, reflecting a growth of 3.7%[17]. Business Segments and Strategy - The company’s main business segments include environmental consulting services, healthcare product sales, and publishing, procurement, and distribution of books[18]. - The company is focusing on expanding its environmental consulting services in China, which is expected to drive future revenue growth[22]. - The company is reassessing its strategy for the health products sales segment, aiming to introduce more attractive and advanced health products and nutritional supplements from overseas[65]. - The health products market in China is anticipated to grow significantly, driven by rising disposable income and increased public awareness of health and wellness[63]. - The environmental consulting services segment faced challenges due to increased borrowing costs and overall low levels of business and investment activity in China[65]. - The environmental consulting services industry in China is expected to see increased competition and a shift towards digital and intelligent transformation due to rising environmental awareness and stricter policies[60]. Employee and Administrative Costs - Employee costs, including director remuneration, decreased to HKD 3,512,000 from HKD 7,191,000, reflecting a reduction of 51.1%[36]. - Administrative expenses increased by approximately 10.79% year-on-year to about HKD 9.86 million for the six months ended September 30, 2023[71]. - Financial costs remained stable at approximately HKD 9.53 million compared to HKD 9.71 million for the same period last year[72]. Corporate Governance and Compliance - The company has adhered to the corporate governance code as per GEM listing rules during the reporting period[105]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2024[107]. - The company has implemented a code of conduct for securities trading, ensuring compliance with GEM listing rules[106]. - There are no known conflicts of interest among directors, management, and major shareholders during the reporting period[103]. Shareholder Information - The group has a total of 1,027,985,995 shares held by major shareholders, representing 28.24% of the issued share capital[99]. - The average number of shares outstanding for the calculation of basic loss per share was 3,640,627,457 for both periods under review[42]. Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[9]. - The company did not report any significant new product launches or technological developments during this period[30]. - The company had no acquisitions or disposals of property, plant, and equipment during the six months ended September 30, 2024[45]. - No significant acquisitions or disposals of subsidiaries, associates, or joint ventures occurred during the reporting period[90]. - The group has no significant capital commitments or contingent liabilities as of September 30, 2024[87][88]. - There were no significant investments or capital asset plans as of September 30, 2024[92][93]. - No major events occurred after September 30, 2024, up to the report date[94]. - The board of directors and key executives have not changed during the reporting period[102]. - The company has 72 full-time employees, with various training programs provided to keep them updated on industry trends[91].
大地国际集团(08130) - 2025 - 中期业绩