Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 276,058,000, a slight decrease of 0.12% compared to HKD 276,401,000 in the same period of 2023[4] - Gross profit for the same period was HKD 20,074,000, down 5.63% from HKD 21,271,000 year-on-year[4] - The company reported a loss before tax of HKD 28,562,000, compared to a loss of HKD 19,477,000 in the previous year, indicating a deterioration in performance[4] - Total comprehensive loss for the period was HKD 20,460,000, an improvement from a loss of HKD 40,479,000 in the same period last year[6] - Basic loss per share for the period was HKD 8.85, compared to HKD 6.25 in the previous year, indicating a worsening loss per share[6] - The total comprehensive income (expenses) for the period was HKD (20,460,000), which includes a net loss of HKD 29,491,000, reflecting a significant increase in losses compared to the previous period[13] - The total loss attributable to equity holders for the six months ended September 30, 2024, was HKD (29,491,000), compared to HKD (20,831,000) in 2023[46] - The net loss for the group was HKD 29.5 million, compared to a net loss of HKD 20.8 million in the previous year[79] - Earnings per share for the group were HKD 0.0885, compared to HKD 0.0625 in the previous year[79] Cash Flow and Assets - The company experienced a cash outflow from operating activities of HKD 36,819,000 for the six months ended September 30, 2024, compared to HKD 50,544,000 for the same period in 2023, showing an improvement of approximately 27.3%[15] - The company reported a net cash decrease of HKD 89,711,000 for the period, compared to an increase of HKD 11,383,000 in the previous year, indicating a significant shift in cash flow dynamics[17] - As of September 30, 2024, the company had cash and cash equivalents of HKD 337,177,000, down from HKD 446,304,000 at the same time in 2023, reflecting a decline of approximately 24.5%[17] - Total assets as of September 30, 2024, were HKD 1.0634 billion, down from HKD 1.0924 billion as of March 31, 2024[86] - Cash and bank deposits amounted to HKD 403.8 million as of September 30, 2024, compared to HKD 479.3 million as of March 31, 2024[86] Liabilities and Equity - Current liabilities increased to HKD 230,142,000 from HKD 183,856,000, indicating a 25.1% rise[10] - The company's net assets decreased to HKD 800,589,000 from HKD 871,007,000, reflecting a decline of 8.1%[10] - The total borrowing as of September 30, 2024, was HKD 8.1 million, with a debt-to-equity ratio of 1.0%, down from 1.2% as of March 31, 2024[86] Revenue Breakdown - Total revenue for the six months ended September 30, 2024, was HKD 276,058,000, with a breakdown of HKD 45,299,000 from Europe, HKD 172,233,000 from the Americas, HKD 47,078,000 from Asia, and HKD 11,448,000 from other regions[26] - Sales revenue in Europe decreased by 36% to HKD 45.3 million, accounting for 16.4% of total sales revenue[80] - Sales revenue in the Americas decreased by 4% to HKD 172.2 million, representing 62.4% of total sales revenue[80] - Sales revenue in Asia increased by 114% to HKD 47.1 million, accounting for 17.1% of total sales revenue[80] Operational Efficiency - The company plans to complete all received purchase orders within one year, indicating a focus on operational efficiency and resource allocation[25] - The group continues to strictly control costs and optimize manufacturing processes to improve production efficiency and reduce labor costs[80] Dividends and Shareholder Returns - The company has recognized a dividend distribution of HKD 49,958,000 during the period, which reflects its commitment to returning value to shareholders despite the losses[13] - The company declared an interim dividend of HKD 0.02 per share for the six months ended September 30, 2024, totaling HKD 6,661,000, compared to no dividend in the previous year[49] - The group declared an interim dividend of HKD 0.02 per share, consistent with the previous year's interim dividend, but without a special dividend this time[79] Market Challenges - The fair value loss from investment properties amounted to HKD 17,586,000 for the six months ended September 30, 2024, compared to HKD 15,660,000 in the previous year, indicating ongoing challenges in the property market[15] - The fair value loss on investment properties was HKD (17,586,000), and financial costs were HKD (236,000)[26] Corporate Governance - The board confirms compliance with the corporate governance code as per the listing rules during the reporting period[104] - The audit committee reviewed the unaudited condensed consolidated financial statements and confirmed compliance with applicable accounting standards and regulations[107] - The company has adopted the standard code for securities transactions by directors and confirms compliance by all directors during the reporting period[106] Shareholder Information - Major shareholders include Credit Suisse Trust Limited with 154,349,960 shares (46.34%) and Unison Associates Limited with 147,779,960 shares (44.37%) as of September 30, 2024[98] - The company's public float is approximately 24.27%, which is below the minimum requirement of 25% as per the listing rules[101] - The company will take appropriate measures to restore the public float to the minimum required percentage[101]
亚伦国际(00684) - 2025 - 中期财报