Financial Performance - The revenue of Domaine Power Holdings Limited for the six months ended 30 September 2024 was approximately HK$87.0 million, representing a decrease of approximately 33.3% compared to HK$130.0 million for the same period in 2023[24]. - Gross profit for the same period was approximately HK$1.0 million, a decrease of approximately 40.8% from HK$1.7 million in the prior year[24]. - The consolidated loss attributable to equity holders was approximately HK$3.1 million, a decrease of approximately 65.8% from HK$9.1 million in the corresponding period of 2023[25]. - Basic and diluted losses per share were approximately HK$0.02 for the six months ended 30 September 2024, compared to HK$0.05 for the same period in 2023[25]. - The Group's revenue for the period was approximately HK$87.0 million, representing a decrease of approximately HK$43.4 million or 33.3% compared to the same period in 2023[71]. - The Group's gross profit for the period was approximately HK$1.0 million, a decrease of approximately HK$0.6 million or 40.8% compared to the same period in 2023, with a gross profit margin of approximately 1.1%[72]. - The Group recorded a consolidated loss attributable to equity holders of approximately HK$3.1 million, compared to a loss of approximately HK$9.1 million for the same period in 2023, a decrease mainly due to a gain on changes in fair value of listed equity securities investment increasing by approximately HK$4.8 million or 538%[79]. - The total comprehensive loss for the period was HK$2,994,000, compared to HK$10,318,000 in the same period last year, indicating a positive trend[182]. Market Focus and Strategy - The Group is focusing on the fine artistic jewellery market and has allocated more resources to capture high-net-worth customers[32]. - The management is committed to developing a fine artistic jewellery and service platform business, which is asset-light[32]. - The Group's customers primarily include wholesalers, retailers, and high-net-worth individuals, with a recent focus on gold jewellery products due to changing market demands[32]. - The global economic challenges, including inflation and geopolitical tensions, have impacted the Group, leading to a shift in focus towards gold jewellery products[32]. - The Group is focusing on fine artistic jewellery as a key business area and is committed to expanding in this market[38]. - The Group has established good relationships with international and well-known auction houses in Hong Kong to enhance performance in fine artistic jewellery sales[48]. - The increasing proportion of gold jewellery in the sales mix is putting downward pressure on gross profit margin[45]. - The Group plans to leverage online platforms and social media for brand promotion and digital marketing to increase visibility and influence[37]. - The Group aims to develop service platforms using new technologies like Augmented Reality (AR) and blockchain to enhance service offerings and profitability[48]. - The Group's strategy includes optimizing corporate strategy and inviting experienced professionals from the jewellery industry to enhance competitiveness[48]. - The Group is focusing on expanding online sales channels to provide convenient shopping and customization experiences for customers[49]. Financial Management and Position - Administrative expenses for the same period were approximately HK$7.8 million, which is about 17.9% lower than the corresponding period last year[43]. - Selling expenses decreased by approximately 45.8% to approximately HK$0.7 million compared to the same period last year[43]. - As of 30 September 2024, the Group's current assets were approximately HK$55.0 million, down from approximately HK$62.9 million as of 31 March 2024[82]. - Cash and bank balances decreased to approximately HK$25.7 million from approximately HK$36.4 million as of 31 March 2024[82]. - The current liabilities amounted to approximately HK$7.1 million, a decrease from approximately HK$8.4 million as of 31 March 2024[82]. - The current ratio improved to approximately 7.8 as of 30 September 2024, compared to approximately 7.5 as of 31 March 2024[82]. - The gearing ratio was not applicable as cash and bank balances exceeded obligations under finance lease as of 30 September 2024[83]. - The Group maintained a healthy liquidity position and adopted prudent financial management policies throughout the period[83]. - There were no capital commitments as of 30 September 2024, consistent with the position as of 31 March 2024[91]. - The Group had 10 employees as of 30 September 2024, unchanged from 31 March 2024[96]. Share Scheme and Corporate Governance - The 2023 Share Scheme was adopted on 14 September 2023, replacing the 2015 Share Option Scheme[101]. - A total of 100,000 new shares were issued under the 2023 Share Scheme during the reporting period[109]. - As of September 30, 2024, there are 17,160,000 new shares available for issue under the Scheme Mandate, representing approximately 9.94% of the total issued share capital[109]. - The maximum number of shares that may be issued under the 2023 Share Scheme is initially set at 10% of the shares in issue as of the adoption date, totaling 17,260,000 shares[105]. - The 2015 Share Option Scheme has been terminated following the adoption of the 2023 Share Scheme[105]. - The company has appointed Tricor Services Limited to manage and execute the 2023 Share Scheme[108]. - The total number of shares that may be issued under all awards granted under the 2023 Share Scheme is subject to refreshment in accordance with the scheme rules and Listing Rules[105]. - The company aims to ensure compliance with the revised Listing Rules effective from January 1, 2023, through the new share incentive plan[105]. - The Group complied with the Corporate Governance Code during the six months ended 30 September 2024, ensuring adherence to best practices[174]. - The appointment of Mr. Ning Rui as a non-executive Director commenced on 1 September 2024, suggesting a shift in the Board's composition[169]. Investment and Asset Management - The Group expects to recognize an unaudited gain of approximately HK$6,906,087 from the disposal, subject to final audit[62]. - The Group disposed of 69,202,000 shares of Lisi Group, representing approximately 0.86% of the total shares, for a total consideration of approximately HK$11,958,088[53]. - The average selling price for the disposed shares of Lisi Group was approximately HK$0.1727[53]. - The Group's financial strategy includes maintaining a diversified portfolio of investments to enhance overall asset value[123]. - The Group has not engaged in any arrangements that allow Directors to acquire benefits through the acquisition of shares or debentures of the Company[119]. - The total amount of financial assets at fair value through profit or loss reflects the Group's strategic investment approach[123]. - As of September 30, 2024, the Group held financial assets at fair value through profit or loss amounting to approximately HK$30,373,000, representing about 34.6% of its total assets[123]. - The financial assets include a life insurance policy valued at approximately HK$19,212,000, which accounts for approximately 21.9% of total assets, and Hong Kong listed equity securities valued at approximately HK$11,161,000, representing approximately 12.7% of total assets[123]. - The Group is actively seeking new investment opportunities both locally and abroad to enhance future growth prospects[147]. - The Group has no definite plans for material investments or acquisitions of capital assets as of 30 September 2024[149].
域能控股(00442) - 2025 - 中期财报