Financial Performance - The company reported a profit of HKD 855,000 for the six months ended October 31, 2024, compared to a profit of HKD 608,000 in the previous period[17]. - The total comprehensive income for the period was HKD 1,281,000, up from HKD 1,024,000, demonstrating improved overall performance[17]. - The company reported a net profit of HKD 608,000 for the period, down from HKD 855,000 in the prior year, reflecting a decrease of approximately 29.0%[34]. - Profit for the six months ended October 31, 2024, decreased by approximately HKD 0.3 million or 33.3% to HKD 0.6 million, with a corresponding profit margin decline from 3.4% to 3.0%[69]. - For the six months ended October 31, 2024, the company reported a profit attributable to owners of the company of HKD 608,000, a decrease of 28.9% compared to HKD 855,000 for the same period in 2023[172]. Revenue and Sales - Revenue for the six months ended October 31, 2024, was HKD 20,424,000, a decrease of approximately HKD 6,091,000 or 23.0% compared to HKD 26,515,000 for the same period in 2023[34]. - Revenue from LED decorative lights for the six months ended October 31, 2024, was HKD 20,424,000, down 22.9% from HKD 26,515,000 in the same period of 2023[160]. - Revenue from LED decorative lighting products was approximately HKD 14,300,000, a decrease of about HKD 2,500,000 or 14.9% from HKD 16,800,000 in the previous year[48]. - Revenue from external customers for the six months ended October 31, 2024, was HKD 20,424,000, a decrease of 22.1% from HKD 26,515,000 in the same period of 2023[145]. - The company experienced a decrease in revenue from U.S. customers to approximately HKD 2,800,000, down from HKD 5,200,000 in the previous year[44]. - Revenue from Canada was HKD 14,299,000, down from HKD 16,818,000, while revenue from the US decreased to HKD 2,825,000 from HKD 5,192,000[145]. Assets and Liabilities - The unaudited total assets as of October 31, 2024, amounted to HKD 96,442,000, a slight decrease from HKD 99,047,000 as of April 30, 2024[16]. - The total liabilities decreased from HKD 28,261,000 to HKD 24,528,000, showing a positive trend in debt management[16]. - Trade receivables decreased to HKD 4,254,000 from HKD 4,867,000, reflecting a reduction in outstanding customer payments[16]. - Trade receivables as of October 31, 2024, were HKD 37,904,000, down from HKD 40,184,000 as of April 30, 2024[37]. - Trade payables increased to HKD 2,081,000 as of October 31, 2024, from HKD 1,793,000 as of April 30, 2024, reflecting a rise of 16.1%[180]. Cash Flow and Liquidity - The company's cash and bank balances increased significantly to HKD 9,172,000 from HKD 1,915,000, indicating improved liquidity[16]. - Cash and bank balances as of October 31, 2024, were approximately HKD 9.2 million, up from HKD 1.9 million as of April 30, 2024, with a current ratio of 3.9 times[84]. - The company reported a net cash inflow from operating activities of HKD 9,949,000 for the six months ended October 31, 2024, compared to a net cash outflow of HKD 19,486,000 for the same period in 2023[135]. - The total cash and cash equivalents increased to HKD 9,172,000 at the end of the reporting period, up from HKD 5,581,000 a year earlier[135]. Expenses and Cost Management - Administrative expenses increased by approximately HKD 1.2 million or 29.3% to HKD 5.3 million for the six months ended October 31, 2024, primarily due to rising labor costs and legal and professional fees[64]. - Sales costs decreased by approximately HKD 7,000,000 or 31.1%, from HKD 22,537,000 to HKD 15,536,000[55]. - The cost of goods sold for the period was HKD 15,536,000, compared to HKD 22,537,000 in the previous year, indicating a reduction of 30.9%[157]. - Research and development expenses were recorded as zero for the current period, compared to HKD 20,000 in the previous year[157]. Corporate Governance and Compliance - The company is committed to maintaining high standards of corporate governance to build trust with shareholders and stakeholders[101]. - The company has adopted the GEM Listing Rules regarding the trading conduct of directors and confirmed compliance with these rules[102]. - There are no known conflicts of interest or competitive businesses involving directors or major shareholders as of October 31, 2024[119]. - The company has not purchased, sold, or redeemed any of its listed securities during the six months ended October 31, 2024[120]. Future Plans and Strategic Initiatives - The company plans to continue expanding its market presence and developing new products to drive future growth[18]. - Management emphasized the importance of maintaining financial stability while pursuing strategic initiatives for market expansion[18]. - The company plans to expand its product range and enhance product development capabilities by hiring senior engineers focused on product design and production[146]. - The company has purchased 7 new automatic welding machines to enhance the automation level of its LED decorative light series production[146]. - The group plans to enhance the automation and efficiency of its LED decorative lighting series, although specific financial allocations for this initiative were not detailed[83]. - The company participated in trade exhibitions in Hong Kong and conducted field visits in the US, Philippines, Europe, and West Africa to explore new sales channels[146]. Shareholder Information - Real Charm Corp holds 234,000,000 shares, representing 46.8% of the company's equity[96]. - The company has 50,000,000 share options available for grant under its share option scheme as of October 31, 2024[103]. - The company has not granted any share options under the share option scheme since its adoption[122]. - No interim dividend was declared for the six months ended October 31, 2024[107]. - The company did not declare any dividends for the current period, consistent with the previous year[169].
濠亮环球(08118) - 2025 - 中期业绩