Revenue Performance - Total revenue for the six months ended September 30, 2024, was HKD 224,248,000, representing a 6.1% increase from HKD 211,343,000 in the same period last year[9]. - Revenue from beauty and facial care services was HKD 157,891,000, accounting for 70.4% of total revenue, up 9.3% from HKD 144,447,000[9]. - Revenue from body slimming services was HKD 43,580,000, representing 19.4% of total revenue, an increase of 1.7% from HKD 42,846,000[9]. - Revenue from skincare and health products decreased by 6.5% to HKD 15,386,000, accounting for 6.9% of total revenue[9]. - The company reported a basic loss per share of HKD 1.80, improved from HKD 3.18 in the previous year[82]. - The group reported a revenue of HKD 224,248,000 for the six months ended September 30, 2024, compared to HKD 211,343,000 for the same period in 2023, representing a growth of approximately 6.1%[101]. Financial Position - As of September 30, 2024, the total equity of the group was HKD 180,327,000, with cash and bank balances amounting to HKD 190,924,000[23]. - The group maintained a healthy financial position, with a cash yield of approximately 1.9% in line with prudent financial policies[23]. - The total assets as of September 30, 2024, amounted to HKD 142,279,000, a decrease from HKD 146,573,000 as of March 31, 2024[119]. - The company’s total equity as of September 30, 2024, was HKD 180,327 thousand, compared to HKD 203,880 thousand at the end of the previous year, reflecting a decrease of approximately 12%[69]. - The group’s total liabilities as of September 30, 2024, were HKD 403,776,000, down from HKD 414,875,000 as of March 31, 2024[104]. Operational Highlights - The company operates 30 beauty and health service centers in Hong Kong, with a total floor area of approximately 156,090 square feet, a decrease of 5.5% from 165,100 square feet as of September 30, 2023[20]. - In Singapore, the company operates 8 centers, with revenue of HKD 24,639,000, including service revenue of HKD 20,884,000 and prepaid beauty package revenue of HKD 21,805,000, reflecting increases of 1.2% and 4.7% respectively[18]. - The company has over 80 skincare products across various brands to meet diverse customer needs, aiming to expand its product sales business[5]. - The company plans to focus resources on the Hong Kong and Singapore markets, having sold two wholly-owned subsidiaries in mainland China due to underperformance[17]. Cost Management - Advertising expenses decreased to HKD 1,031,000 from HKD 1,576,000, representing 0.5% of revenue compared to 0.7% in the previous year[21]. - Depreciation expenses for other leased properties were approximately HKD 31,234,000, accounting for about 13.9% of revenue, down from 15.7% in the previous year[20]. - Employee benefit expenses decreased by approximately 4.4% to HKD 148,071,000 from HKD 154,926,000 in the same period last year[43]. - The total number of employees as of September 30, 2024, was 850, a decrease of 4.3% from 888 employees in the same period last year[43]. Loss and Improvement - The net loss for the six months ending September 30, 2024, was approximately HKD 16,125,000, compared to a net loss of HKD 28,569,000 in the same period last year, resulting in a loss per share of HKD 1.80 versus HKD 3.18 last year[23]. - The company reported a total comprehensive loss for the period of HKD 16,125,000, an improvement from a loss of HKD 28,569,000 in the same period of 2023[103]. - The pre-tax loss for the six months ended September 30, 2024, was HKD 16,302,000, a decrease from a loss of HKD 28,802,000 for the same period in 2023, indicating an improvement of approximately 43.5%[117]. Corporate Governance - The company is governed by a board of directors, including independent non-executive directors, ensuring compliance with corporate governance standards[53]. - The company maintains a strong commitment to corporate governance principles, emphasizing transparency, accountability, and independence[79]. - The board of directors has established various committees, including a remuneration committee, nomination committee, and audit committee, to enhance governance practices[79]. - The company has a comprehensive shareholding disclosure policy in line with the Securities and Futures Ordinance[55]. Future Outlook - The company plans to continue developing high-quality skincare and health products to meet market demand and explore high-tech beauty treatments[27]. - The company plans to continue expanding its service offerings and enhancing its product lines to drive future growth[116]. - The group expects improved consumer sentiment due to recent economic stimulus measures in mainland China and potential benefits from a weaker HKD against the USD[96]. - Future outlook indicates a projected revenue growth of 20% for the next fiscal year, targeting $180 million[142].
现代健康科技(00919) - 2025 - 中期财报