Financial Performance - Revenue for the six months ended September 30, 2024, was HK$21,867,000, a slight increase from HK$21,463,000 in the corresponding period of 2023[6]. - The loss for the period attributable to owners of the Company was HK$4,496,000, compared to a profit of HK$12,799,000 in the same period last year[8]. - Basic and diluted loss per share for the period was HK$0.33, a decrease from earnings of HK$0.94 per share in the previous year[8]. - Total comprehensive expense for the period attributable to owners of the Company was HK$4,304,000, compared to a comprehensive income of HK$13,421,000 in the corresponding period of 2023[8]. - The company reported a profit of HK$12,799,000 for the period ended September 30, 2023, compared to a loss of HK$229,814,000 in the previous period[14]. - Total comprehensive income for the six months ended September 30, 2023, was HK$13,440,000, significantly improving from a total comprehensive loss of HK$4,590,000 in the same period last year[14]. - For the six months ended September 30, 2024, the Group reported a loss attributable to owners of the Company of HK$4,496,000[33]. - The Group's loss before income tax for the corresponding period was approximately HK$12,287,000[160]. Assets and Liabilities - Current liabilities totaled HK$21,144,000, with net current liabilities of HK$6,810,000 as of September 30, 2024[13]. - Total non-current assets amounted to HK$539,000, while total current assets were HK$14,334,000[13]. - The Company reported a capital deficiency of HK$6,271,000 as of September 30, 2024[13]. - As of September 30, 2023, total equity amounted to HK$4,679,000, a decrease from HK$13,373,000 as of April 1, 2023[14]. - The total assets as of September 30, 2024, were HK$14,873,000, down from HK$15,721,000 as of March 31, 2024[67]. - Total liabilities increased to HK$21,144,000 as of September 30, 2024, compared to HK$17,402,000 as of March 31, 2024[67]. Cash Flow and Financing - Net cash used in operating activities for the six months ended September 30, 2024, was HK$4,935,000, an improvement from HK$6,090,000 in the previous year[17]. - Cash and cash equivalents at the end of the period were HK$1,399,000, down from HK$2,742,000 at the beginning of the period[17]. - The company recorded a net cash generated from financing activities of HK$3,553,000, compared to a net cash used of HK$474,000 in the previous year[17]. - The company raised net proceeds of approximately HK$100 million through a subscription by issuing 450,000,000 ordinary shares at a subscription price of HK$0.225 per share[198]. - The proceeds were allocated to increase registered capital and further investment in Guangzhou YBDS IT Ltd. and Beijing YBDS IT Co., Ltd.[198]. Revenue Breakdown - Revenue for the six months ended September 30, 2024, was HK$21,867,000, a significant increase from HK$8,273,000 in the same period of 2023, representing a growth of 164%[40]. - Revenue from short messaging service fees was HK$20,217,000 for the six months ended September 30, 2024, compared to HK$3,581,000 in the previous year, indicating a growth of 463%[40]. - Revenue from hardware sales decreased to HK$96,000 in the reporting period from HK$692,000 in the previous year, reflecting a decline of 86%[40]. - Revenue from system development and consultancy services was HK$1,554,000, down from HK$4,000,000, representing a decrease of 61%[40]. - Approximately 92% of the Group's total revenue during the Reporting Period came from short messaging services, up from approximately 70% in the previous financial year[179]. Strategic Focus and Future Plans - The Company is focused on improving its financial position and exploring new market opportunities[5]. - Future strategies may include potential market expansion and product development initiatives[5]. - The Group is implementing measures to control administrative costs, including human resources optimization and management remuneration adjustments[34]. - The company is considering increasing investment in short messaging services to expand operations and increase revenue[197]. - The company contemplates diversifying into another value-added service such as messaging for marketing in the future[197]. Operational Challenges - The geopolitical tensions and sanctions from the US have impacted the demand for information system solutions in China, leading to project delays and scaled-down operations[166]. - The information system solution industry in China is facing sluggish demand and challenges from US sanctions against the technology sector[193]. Corporate Governance - The Board does not recommend the payment of an interim dividend for the reporting period, consistent with the previous year where no dividend was paid[99]. - The weighted average number of ordinary shares in issue during the reporting period remained constant at 1,356,250,000 shares for both periods[97]. - As of September 30, 2024, the Group had outstanding amounts due to a director totaling approximately HK$4,800,000, which is unsecured, interest-free, and repayable in December 2024, February 2025, March 2025, and June 2025[199]. - The Group also has a loan owing to a shareholder with an outstanding balance of approximately HK$2,200,000, which is unsecured, interest-free, and repayable in July 2025[199].
量子思维(08050) - 2025 - 中期财报