Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 7,296,000, a decrease of 54.5% compared to HKD 16,068,000 for the same period in 2023[16] - Gross profit for the same period was HKD 2,185,000, down from HKD 7,066,000, reflecting a significant decline in profitability[16] - Operating loss increased to HKD 5,498,000 from HKD 2,176,000 year-on-year, indicating worsening operational performance[16] - The total comprehensive loss for the period was HKD 5,511,000, compared to HKD 2,263,000 in the previous year, highlighting increased financial strain[16] - Basic loss per share for the period was HKD 2.56, compared to HKD 1.05 in the same period last year, indicating a higher loss per share[16] - The company incurred a total comprehensive expense of HKD 5,511,000 during the six months ended September 30, 2024, compared to HKD 2,263,000 in the previous period, indicating an increase of approximately 143.5%[22] - The group recorded a loss before tax of approximately HKD 5.5 million for the six months ended September 30, 2024, primarily due to a revenue decline of approximately HKD 8.8 million and an increase in administrative expenses of approximately HKD 0.1 million[94] - For the six months ended September 30, 2024, the company reported a loss attributable to shareholders of HKD 5,503,000, compared to a loss of HKD 2,263,000 for the same period in 2023[54] Assets and Liabilities - Non-current assets as of September 30, 2024, amounted to HKD 22,133,000, an increase from HKD 11,520,000 as of March 31, 2024[18] - Current liabilities included contract liabilities of HKD 7,116,000, reflecting a significant increase in obligations[18] - Total assets less current liabilities were HKD 30,843,000, down from HKD 36,354,000, indicating a decline in net asset position[18] - The company's net asset value decreased to HKD 30,733,000 from HKD 36,244,000, reflecting a reduction in equity[20] - The company reported cash and cash equivalents of HKD 6,315,000, a significant decrease from HKD 15,621,000 as of March 31, 2024, indicating liquidity challenges[18] - Total equity decreased from HKD 44,796,000 on April 1, 2023, to HKD 42,533,000 on September 30, 2023, reflecting a decline of approximately 5.04%[22] - The company reported a net cash outflow from investing activities of HKD 11,160,000 for the six months ended September 30, 2024, compared to a net inflow of HKD 8,000 for the same period in 2023[25] - Trade receivables, net of impairment losses, amounted to HKD 5,691,000 as of September 30, 2024, compared to HKD 6,612,000 as of March 31, 2024[69] Revenue Breakdown - Revenue from interior design and execution services was HKD 7,296,000, while other services contributed no revenue during the same period[40] - The group's revenue for the six months ended September 30, 2024, was HKD 7,296,000, a decrease of 54.4% compared to HKD 15,995,000 for the same period in 2023[40] - The group’s total revenue from Hong Kong was HKD 6,800,000, down from HKD 15,981,000 in the previous year[45] - The group’s total revenue from mainland China was HKD 496,000, an increase from HKD 87,000 year-on-year[45] Employee and Administrative Expenses - Employee benefits expenses decreased to HKD 7,325,000 from HKD 10,471,000, reflecting a reduction of 30.5%[51] - Administrative expenses increased from approximately HKD 7.8 million for the six months ended September 30, 2023, to approximately HKD 7.9 million for the six months ended September 30, 2024, representing an increase of about HKD 0.1 million or approximately 1.3%[92] - The total employee cost for the six months ended September 30, 2024, is approximately HKD 7.3 million, a decrease of 30.5% compared to HKD 10.5 million for the same period in 2023[115] - The group has 40 employees as of September 30, 2024, down from 41 employees as of March 31, 2024[115] Cash Flow and Financial Position - Net cash generated from operating activities for the six months ended September 30, 2024, was HKD 2,031,000, down from HKD 5,043,000 for the same period in 2023, representing a decrease of about 59.8%[25] - Cash and cash equivalents decreased from HKD 15,621,000 at the beginning of the period to HKD 6,315,000 at the end, a reduction of about 59.6%[25] - The current ratio as of September 30, 2024, was approximately 1.7 times, down from approximately 3.5 times as of March 31, 2024[100] Governance and Compliance - The board approved the unaudited condensed consolidated financial information for the six months ended September 30, 2024, on November 22, 2024[83] - The interim financial results for the six months ended September 30, 2024, have not been audited but have been reviewed by the audit committee[137] - The company confirms compliance with all corporate governance code provisions except for the separation of the roles of chairman and CEO, which is currently held by the same individual[130] - The company maintains high standards of corporate governance as essential for its sustainable growth[129] Investments and Future Plans - The company aims to maintain and strengthen its market position in Hong Kong, enhance brand awareness, and continue talent recruitment and internal training to support future growth[86] - The investment in Yunyi is expected to be held as a long-term strategy[113] - The group has not disclosed any significant matters affecting its operations and financial performance since September 30, 2024[133] - The group has no confirmed plans for significant investments or capital assets as of September 30, 2024[114] Shareholder Information - Mr. Huang Liang holds a beneficial interest in 159,068,639 shares, representing 73.87% of the total shares issued as of September 30, 2024[117] - The total number of shares issued as of September 30, 2024, is 215,346,526[121] - The board does not recommend the payment of any interim dividend for the six months ended September 30, 2024[132]
客思控股(08173) - 2025 - 中期财报