Financial Performance - The Group's revenue for the six months ended September 30, 2024, was approximately HK$150.4 million, a decrease of about 3.8% compared to approximately HK$156.4 million for the same period in 2023[11]. - The gross profit for the same period was approximately HK$58.4 million, slightly up from approximately HK$58.2 million in 2023, with the gross profit margin increasing from approximately 37.2% to approximately 38.8%[12]. - The loss attributable to equity holders for the period was approximately HK$6.9 million, a reduction of approximately HK$2.2 million compared to the loss for the same period in 2023[13]. - Revenue for the six months ended September 30, 2024, was HK$150,425,000, a decrease of 3.8% compared to HK$156,406,000 in the same period of 2023[19]. - Gross profit for the period was HK$58,378,000, with a gross profit margin of 38.8%, slightly improved from HK$58,205,000 in 2023[19]. - Operating loss narrowed to HK$2,545,000, compared to an operating loss of HK$8,915,000 in the previous year, indicating a significant improvement[19]. - Loss for the period was HK$6,087,000, an improvement from HK$8,609,000 in the same period last year[21]. - Total comprehensive loss for the period was HK$3,812,000, compared to HK$9,428,000 in 2023, reflecting a positive trend[21]. Cash and Liquidity - Cash and cash equivalents decreased to approximately HK$89.4 million as of September 30, 2024, down by approximately HK$10.6 million from HK$100 million as of March 31, 2024[14]. - The Group's current ratio decreased from approximately 1.2 times as of March 31, 2024, to approximately 1.1 times as of September 30, 2024, primarily due to increased bank borrowings for property purchases[14]. - The company reported a net cash generated from operating activities of HK$8,927,000 for the six months ended 30 September 2024, compared to a net cash used of HK$8,501,000 in the same period of 2023[36]. - The company’s cash and cash equivalents at the end of the period stood at HK$89,421,000, down from HK$116,359,000 at the end of the same period last year[38]. - Cash flows from financing activities resulted in a net cash used of HK$3,098,000 for the six months ended 30 September 2024, compared to a net cash generated of HK$7,388,000 in the same period of 2023[38]. Assets and Liabilities - Total assets increased to HK$386,488,000 as of September 30, 2024, up from HK$378,654,000 as of March 31, 2024[24]. - Total equity attributable to equity holders of the Company was HK$244,756,000, slightly up from HK$244,068,000 at the end of March 2024[26]. - Current liabilities totaled HK$121,607,000, an increase from HK$106,109,000 in March 2024, indicating a rise in short-term obligations[26]. - The balance of retained earnings decreased to HK$66,807,000 as of 30 September 2024, compared to HK$77,965,000 as of 30 September 2023[32]. - The total carrying amount of other financial assets at amortized cost decreased to HK$4,488,000 as of 30 September 2024 from HK$34,488,000 as of 30 September 2023, indicating a significant reduction of approximately 87%[106]. Financial Instruments and Risks - The Group's financial assets measured at fair value through profit or loss amounted to HK$10,578,000 as of September 30, 2024, compared to HK$8,994,000 as of March 31, 2024, indicating an increase of approximately 17.6%[63][64]. - The Group is exposed to various financial risks, including market risk, credit risk, and liquidity risk, which are essential considerations for financial management[58]. - The Group's financial risk management practices are crucial for mitigating potential impacts from market fluctuations and ensuring liquidity[58]. - The nominal value of financial assets and liabilities with a maturity of less than one year is assumed to approximate their fair values, reflecting effective liquidity management[58]. Segment Information - Revenue for the six months ended September 30, 2024, totaled HK$150,425,000, with paper printing contributing HK$100,230,000, banner printing HK$48,385,000, and yacht financing HK$1,810,000[77]. - The Group's operating segments include paper printing, banner printing, and yacht financing, with performance assessed based on gross profit less selling and distribution expenses[76]. - Total segment assets were HK$283,934,000, an increase from HK$266,377,000 as of March 31, 2024[84]. Acquisitions and Investments - The Group completed a step acquisition of Top Success BVI, acquiring 77.5% of the company for a total consideration of HK$18,000,000[151]. - A loss of approximately HK$563,000 was recognized on the step acquisition of Top Success BVI, which was recorded under "Other gains/(losses) – net" in the income statement[152]. - e-banner Limited conditionally agreed to acquire WAB2 Group (HK) Limited for HK$28,861,000, with the acquisition completed on 13 July 2023[162]. Related Party Transactions - The total emoluments payable to related parties amounted to HK$1,697,000, an increase from HK$1,474,000 in the previous year[194]. - The company engaged in related party transactions, including rental expenses and emoluments, which were conducted in the normal course of business[193]. - The directors believe that all related party transactions were carried out at terms negotiated between the Group and the respective related parties[193].
EPRINT集团(01884) - 2025 - 中期财报