Financial Performance - Revenue for the six months ended September 30, 2024, was HK$71,200,000, a decrease of 46.1% compared to HK$132,063,000 for the same period in 2023[27]. - Gross profit for the same period was HK$6,511,000, down 44.5% from HK$11,709,000 in 2023[27]. - Loss for the period was HK$3,402,000, compared to a profit of HK$1,587,000 in the previous year, indicating a significant decline[13]. - Total comprehensive loss for the period was HK$25,000, a decrease from a loss of HK$2,726,000 in the same period last year[13]. - Basic and diluted loss per share was HK$0.97, compared to earnings of HK$0.45 per share in the same period last year[13]. - The group reported a loss before tax of HK$2,879,000 for the six months ended September 30, 2024, compared to a profit of HK$3,507,000 in the same period of 2023[114]. Expenses and Costs - Finance costs increased to HK$2,740,000 from HK$139,000, reflecting a substantial rise in financial expenses[13]. - Administrative and other operating expenses rose to HK$10,115,000 from HK$8,330,000, indicating increased operational costs[13]. - Staff costs increased to HK$5,079,000 for the six months ended September 30, 2024, up from HK$3,836,000 in 2023, representing a growth of approximately 32.5%[35]. Cash Flow and Liquidity - For the six months ended September 30, 2024, the Group reported a net cash used in operating activities of HK$8,136,000, compared to a net cash generated of HK$30,063,000 in the same period of 2023[37]. - The Group's cash and cash equivalents at the end of the period were HK$72,102,000, down from HK$117,251,000 in the previous year, indicating a decrease of about 38.5%[37]. - The Group's cash flows from investing activities generated a net cash inflow of HK$91,000 for the six months ended September 30, 2024, compared to a net cash outflow of HK$31,000 in 2023[37]. Assets and Liabilities - The total current assets as of September 30, 2024, were HK$189,070,000, a slight decrease from HK$193,558,000 as of March 31, 2024, reflecting a decrease of about 2.3%[98]. - The company's total equity as of September 30, 2024, was HK$117,932,000, a slight decrease from HK$117,957,000 as of March 31, 2024, representing a decrease of about 0.02%[98]. - As of September 30, 2024, the total trade payables amounted to HK$32,071,000, an increase from HK$29,823,000 as of March 31, 2024, representing an increase of approximately 7.5%[82]. Revenue Sources and Customer Contributions - There were no customers contributing over 10% of total revenue for the six months ended September 30, 2024[28]. - Customer A contributed HK$9,183,000 to revenue in the gold processing and trading segment, a decline of 72% from HK$33,329,000 in 2023[135]. - Customer B's revenue contribution fell to HK$10,040,000 from HK$65,523,000, representing an 85% decrease[135]. Investments and Future Plans - The unutilized proceeds amount to approximately HK$64.1 million, which will be allocated for investment and upgrades in leased plants, acquisition of machinery and equipment, and working capital for the gold processing and trading business[150][153][175]. - The Group plans to reallocate financial resources to expand its existing gold processing and trading business instead of constructing the New Plant[175]. - The Group's long-term goal is to establish a self-owned gold processing plant to generate higher revenues and maximize profits[194]. Compliance and Standards - The company has not yet applied new HKFRSs that have been issued but are not yet effective, and is assessing their potential impact[20]. - The group has adopted new and revised Hong Kong Financial Reporting Standards effective from April 1, 2024, with no significant changes to accounting policies[127]. Employee and Management Information - As of September 30, 2024, the Group had 80 employees, maintaining a focus on competitive remuneration packages and employee benefits[156]. - The remuneration for key management personnel during the period was HK$1,672,000, compared to HK$672,000 in the previous year[200]. Shareholder Information - The company does not recommend the payment of any dividend for the six months ended September 30, 2024 and 2023[9]. - The weighted average number of ordinary shares in issue remained approximately 349,520,000 for both periods ended 30 September 2024 and 2023[10].
胜龙国际(01182) - 2025 - 中期财报