Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 280,177, a decrease of 10.2% from HKD 312,085 in the same period of 2023[4] - Net profit for the period was HKD 25,363, down 20.1% from HKD 31,789 in the previous year[4] - Basic and diluted earnings per share were HKD 1.05 cents, down from HKD 1.28 cents in the previous year[5] - The company's profit before tax for the six months ended September 30, 2024, was HKD 30,241,000, a decrease of 13.5% compared to HKD 34,758,000 in 2023[12] - The group reported a pre-tax profit of HKD 25,098,000, compared to HKD 30,744,000 for the six months ended September 30, 2023, reflecting a decline of 18.5%[44] - The group incurred total tax expenses of HKD 4,878,000, an increase from HKD 2,969,000 for the same period last year[42] Comprehensive Income - Total comprehensive income for the period increased significantly to HKD 47,012, compared to HKD 14,680 in the same period last year[5] - The total comprehensive income for the period was HKD 14,177,000, compared to a total comprehensive loss of HKD 16,567,000 in the previous year[18] Assets and Liabilities - Non-current assets as of September 30, 2024, amounted to HKD 731,402, a slight decrease from HKD 739,925 as of March 31, 2024[9] - Current assets totaled HKD 1,137,635, down from HKD 1,216,846 as of March 31, 2024[9] - Total liabilities increased to HKD 83,583 from HKD 83,316 as of March 31, 2024[10] - The group reported a total asset value of HKD 1,868,037,000 as of September 30, 2024, compared to HKD 1,956,771,000 as of March 31, 2024[31] - The group’s liabilities as of September 30, 2024, were HKD 171,461,000, an increase from HKD 162,331,000 as of March 31, 2024[31] Cash Flow and Financing - Operating cash flow before changes in working capital was HKD 36,802,000, down 27.5% from HKD 50,775,000 in the previous year[12] - The net cash used in financing activities was HKD 144,743,000, compared to a net cash inflow of HKD 29,284,000 in the same period last year[14] - The company reported a net cash decrease of HKD 32,418,000 for the period, compared to a decrease of HKD 123,205,000 in the previous year[14] - The group maintained strict monitoring of its approved loans and receivables, with total receivables amounting to HKD 484,112,000 as of September 30, 2024, down from HKD 526,839,000[51] - The group incurred finance costs of HKD 304,000, significantly lower than HKD 828,000 for the same period last year[39] Revenue Breakdown - The revenue from publishing and advertising was HKD 202,260,000, down from HKD 233,675,000, representing a decline of 13.5%[27] - Revenue from the newspaper publishing segment contributed approximately HKD 140,701,000, down from HKD 159,756,000 for the same period last year[36] - Digital media business revenue was approximately HKD 43,685,000, down by about HKD 6,397,000 or 13% year-on-year[86] - The overall revenue of the company for the reporting period was approximately HKD 202,260,000, a decrease of about HKD 31,415,000 or 13% compared to the same period last year[86] Investment Properties - The company experienced a net loss on fair value of investment properties of HKD 10,355,000, compared to a loss of HKD 6,553,000 in the previous year[4] - The net fair value loss on investment properties during the reporting period was approximately HKD 10,355,000, compared to HKD 6,553,000 for the six months ended September 30, 2023[25] - The group's investment properties were valued at HKD 369,089,000 as of September 30, 2024, compared to HKD 367,679,000 as of March 31, 2024[49] Employee and Operational Costs - Employee costs, including directors' remuneration, decreased to HKD 178,637 from HKD 185,644 in the previous year[4] - The group has 817 employees as of September 30, 2024, down from 856 on March 31, 2024, indicating a focus on cost control[97] Dividends - The company paid dividends amounting to HKD 143,876,000 during the period, which was not applicable in the previous year[14] - The group announced a final dividend of HKD 0.03 per share, totaling approximately HKD 143,876,000, compared to no dividends declared for the same period last year[43] - The company announced an interim dividend of HKD 0.01 per share, to be distributed on December 27, 2024[78] Market Outlook and Challenges - The group anticipates continued challenges in the media sector due to changing consumer patterns and a weak market environment, with advertising clients expected to increase promotional spending as the government promotes tourism[92] - The group holds stable rental income from commercial properties, but faces downward pressure on rental prices due to high vacancy rates in the local market[93] - The financing business remains optimistic, with steady growth in interest income, despite uncertainties in the property market and low transaction prices for second-hand residential properties[95] Shareholding Structure - As of September 30, 2024, Conyers Trustee Services (BVI) Limited holds 1,547,851,284 shares, representing 64.55% of the company's equity[111] - Ocean Greatness Limited also holds 1,547,851,284 shares, equivalent to 64.55% of the company's equity[111] - Marsun Holdings Limited possesses 1,547,851,284 shares, accounting for 64.55% of the company's equity[111] - Magicway Investment Limited owns 1,222,941,284 shares, which is 51.00% of the company's equity[111] - Ever Holdings Limited has 324,910,000 shares, representing 13.55% of the company's equity[111] - Perfect Deal Trading Limited holds 149,870,000 shares, equivalent to 6.25% of the company's equity[111] - Ms. Hong Meifang, as a spouse, has rights to 1,697,721,284 shares, which is 70.80% of the company's equity[111] - The total number of issued shares as of September 30, 2024, is 2,397,917,898 shares[116] - No other individuals hold any recorded interests or short positions in the company's shares as of September 30, 2024[116]
东方企控集团(00018) - 2025 - 中期财报