Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 16,150,000, an increase of 13.3% compared to HKD 14,263,000 for the same period in 2023[5] - Gross profit for the same period was HKD 2,203,000, representing a gross margin of 13.6%, up from HKD 1,931,000 in 2023[5] - The company reported a loss before tax of HKD 993,000, significantly improved from a loss of HKD 3,693,000 in the prior year[5] - Basic and diluted loss per share was HKD 0.11, compared to HKD 0.41 for the same period last year[7] - The company reported other income of HKD 1,236,000, a significant increase from HKD 120,000 in the previous year[5] - The company recorded a revenue of HKD 16,200,000 for the six months ended September 30, 2024, representing a 13.3% increase from HKD 14,300,000 in the same period last year[49] - The net loss for the six months was HKD 1,000,000, a significant reduction from a net loss of HKD 3,700,000 in the same period last year, primarily due to decreased marketing and operating expenses[50] Cash Flow and Assets - Cash and cash equivalents at the end of the period increased to HKD 6,437,000 from HKD 5,692,000 in the previous year[14] - Operating cash flow for the six months was HKD 403,000, a turnaround from a cash outflow of HKD 432,000 in the same period last year[14] - Total assets less current liabilities amounted to HKD 9,827,000, a decrease from HKD 10,820,000 as of March 31, 2024[9] - The fair value of listed securities increased to HKD 7,687,000 as of September 30, 2024, compared to HKD 308,000 as of March 31, 2024[38] - As of September 30, 2024, the group's net asset value decreased to HKD 9,800,000 from HKD 10,800,000 on March 31, 2024, a decline of 9.3%[57] - The group's cash and cash equivalents increased to HKD 6,400,000 as of September 30, 2024, compared to HKD 6,200,000 on March 31, 2024, showing a growth of approximately 3.2%[58] Inventory and Receivables - The company’s inventory as of September 30, 2024, was HKD 572,000, slightly down from HKD 583,000 in the previous year[9] - Accounts receivable increased to HKD 21,878,000 from HKD 17,850,000, indicating improved collection efforts[9] - Accounts receivable aged analysis showed a total of HKD 21,878,000 as of September 30, 2024, compared to HKD 17,850,000 in the previous year[15] Segment Performance - The company operates in four main segments: natural resources and commodities trading, consumer goods trading, lending business, and securities investment[28] - The company’s external revenue from natural resources and commodities trading was HKD 14,617,000, an increase from HKD 12,964,000 in the previous year[28] - The company’s lending business generated revenue of HKD 1,533,000, up from HKD 1,299,000 in the previous year[28] - The lending business recorded revenue of HKD 1,500,000 for the review period, up from HKD 1,300,000 in 2023, indicating a growth of about 15.4%[54] - The group's revenue for the consumer goods and fashion apparel business reached HKD 14,600,000 for the period ending September 30, 2024, compared to HKD 13,000,000 in 2023, reflecting an increase of approximately 12.3%[53] Expenses and Liabilities - The cost of goods sold amounted to HKD 13,947,000, up from HKD 12,332,000 in the previous year, reflecting an increase in operational costs[32] - The company incurred corporate and other unallocated expenses of HKD 1,683,000 during the period, compared to HKD 2,156,000 in the previous year[28] - Operating expenses decreased by 30.3% to HKD 2,300,000 from HKD 3,300,000 year-on-year[50] - The debt-to-equity ratio increased to 38.2% as of September 30, 2024, up from 36.7% on March 31, 2024, indicating a rise in financial leverage[58] Shareholder Information - No dividends were recommended for the six months ended September 30, 2024, consistent with the previous year[47] - The group has no significant acquisitions or disposals during the six months ending September 30, 2024[59] - The group plans to continue developing its existing business through organic growth or acquisitions, aiming to diversify its operations to enhance shareholder returns[67] - The group has adopted a share option scheme effective from September 27, 2021, with 71,901,900 shares available for issuance, representing approximately 8.07% of the issued share capital as of September 30, 2023[69] - As of September 30, 2024, the total number of issued ordinary shares is 890,722,800, with a specific director holding 2,790,000 shares, representing approximately 0.31% of the total issued shares[74] Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated interim financial statements for the six months ending September 30, 2024[86] - The company did not purchase, sell, or redeem any of its listed securities during the six months ending September 30, 2024[80] - No directors or their associates were granted or exercised any rights to benefit from purchasing the company's shares or bonds within the six months ending September 30, 2024[76]
富誉控股(08269) - 2025 - 中期财报