Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 392,170,000, a decrease of 3.9% from HKD 406,783,000 in the same period last year[3] - Gross profit increased to HKD 114,989,000, up 11.5% from HKD 103,324,000 year-on-year[3] - Operating profit rose significantly to HKD 30,483,000, compared to HKD 10,396,000 in the previous year, marking a 194.5% increase[3] - Net profit for the period was HKD 27,782,000, a substantial increase of 264.5% from HKD 7,628,000 in the prior year[3] - Basic and diluted earnings per share improved to HKD 4.50, up from HKD 1.36 in the same period last year[6] - Total comprehensive income for the period was HKD 37,645,000, compared to a loss of HKD 874,000 in the previous year[8] - Reported segment profit increased significantly to HKD 37,315,000 for the six months ended September 30, 2024, compared to HKD 18,421,000 in 2023, representing a growth of 102.5%[64] - The company reported a pre-tax profit of HKD 30,359,000 for the six months ended September 30, 2024, compared to HKD 9,744,000 in 2023[65] - The net profit attributable to shareholders increased to HKD 27.2 million, compared to HKD 8.2 million in the previous year[102] Revenue Breakdown - Revenue from toy sales for the six months ended September 30, 2024, is HKD 227,268,000, down from HKD 261,917,000 in the same period last year, a decrease of approximately 13%[51] - Revenue from computer products increased to HKD 60,419,000 for the six months ended September 30, 2024, compared to HKD 51,089,000 in the previous year, representing an increase of about 18%[51] - Revenue from watches for the six months ended September 30, 2024, is HKD 104,483,000, up from HKD 93,777,000 in the previous year, indicating an increase of approximately 11%[51] - Revenue from external customers in the toy segment was HKD 227,268,000 for the six months ended September 30, 2024, while the computer products segment generated HKD 60,419,000[58] - Revenue from the toy segment decreased by 13% to HKD 227 million, while operating profit fell from HKD 21.4 million to HKD 15.5 million[102] - The computer products segment saw an 18% increase in revenue to HKD 60 million, with operating profit improving from a loss of HKD 7.5 million to a profit of HKD 2.5 million[102] - The watch segment's revenue increased by 11% to HKD 104 million, with operating profit slightly rising to HKD 7 million from HKD 6.5 million[103] Cash and Assets - Cash and cash equivalents increased to HKD 263,643,000 from HKD 229,188,000, reflecting a growth of 15.0%[10] - Total assets amounted to HKD 629,448,000, an increase from HKD 540,880,000, representing a growth of 16.4%[10] - The total assets of the company as of September 30, 2024, were HKD 883,583,000, an increase from HKD 812,449,000 as of March 31, 2024[66] - Current assets increased to HKD 629 million from HKD 541 million as of March 31, 2024, with inventories at HKD 109 million[107] - The company’s cash and cash equivalents as of September 30, 2024, total HKD 263,643,000, compared to HKD 228,851,000 at the same time last year[43] Liabilities and Equity - Current liabilities rose to HKD 236,172,000 from HKD 180,723,000, indicating an increase of 30.7%[13] - Shareholders' equity increased to HKD 599,030,000 from HKD 580,371,000, reflecting a growth of 3.2%[15] - Total equity as of September 30, 2024, is HKD 655,702,000, with retained earnings of HKD 452,451,000[41] - The total liabilities increased to HKD 271,087,000 as of September 30, 2024, compared to HKD 219,463,000 as of March 31, 2024[66] Cash Flow - Cash generated from operating activities for the six months ended September 30, 2024, is HKD 31,746,000, compared to HKD 63,103,000 in the previous year, indicating a decrease of about 50%[43] - The company reported a net increase in cash and cash equivalents of HKD 32,504,000 for the six months ended September 30, 2024, compared to HKD 59,936,000 in the previous year[43] - Net cash from investing activities for the six months ended September 30, 2024, is HKD 2,871,000, an increase from HKD 395,000 in the same period last year[43] Share Options and Dividends - The company declared an interim dividend of HKD 3 cents per share, amounting to HKD 18,135,000, consistent with the previous year[73] - The company has a total of 60,449,076 shares available for issuance under the 2023 Share Option Scheme, which represents approximately 9.34% of the total issued shares as of the report date[121] - The company has not granted any share options under all share option schemes during the six-month period[125] - The total number of share options available for grant under the 2023 Share Option Scheme remains at 56,449,076 as of both April 1, 2024, and September 30, 2024[125] Corporate Governance - The company has complied with the Corporate Governance Code as per the listing rules during the six-month period ending September 30, 2024[142] - A code of conduct for securities trading by directors has been adopted, and all directors confirmed compliance with the standard code[143] - The audit committee consists of three independent non-executive directors and regularly meets with senior management and external auditors to discuss audit matters and review risk management and internal control systems[138] - The remuneration committee is composed of two independent non-executive directors and one executive director, overseeing the company's compensation policies[139] - The nomination committee includes two executive directors and three independent non-executive directors, responsible for nominating directors and reviewing board structure[141] Employee Information - As of September 30, 2024, the total number of employees in the group is 2,282, a decrease from 2,210 in 2023, with total employee costs amounting to HKD 146,435,000, slightly up from HKD 145,750,000 in 2023[135] - The basic annual salary for Mr. Lai Man Bun has been adjusted from HKD 1,820,000 to HKD 2,340,000 effective September 1, 2024[136]
HERALD HOLD(00114) - 2025 - 中期财报