Revenue Performance - The group's revenue for the six months ended September 30, 2024, decreased by approximately 17.3% to about HKD 62,900,000 from approximately HKD 76,000,000 for the same period in 2023[8]. - Revenue from the company announcement and shareholder circular segment decreased by about HKD 4,700,000 to approximately HKD 21,400,000, while the performance announcement and financial report segment revenue decreased by about HKD 6,400,000 to approximately HKD 33,000,000[8]. - Revenue for the six months ended September 30, 2024, was HKD 62,916,000, a decrease of 17.3% compared to HKD 76,040,000 for the same period in 2023[89]. Profitability - Gross profit decreased to approximately HKD 30,100,000 from approximately HKD 39,100,000, primarily due to the decline in revenue[13]. - After-tax profit decreased by approximately 25.4% from about HKD 13,500,000 for the six months ended September 30, 2023, to about HKD 10,100,000 for the six months ending September 30, 2024, primarily due to a decrease in gross profit of about HKD 9,000,000[35]. - The company reported a profit attributable to owners of HKD 10,061,000, a decline of 25.5% from HKD 13,491,000 in the previous year[89]. - The group reported a profit before tax of HKD 1,446,000 for the six months ended September 30, 2024, compared to HKD 2,371,000 in 2023, showing a decrease of 39.0%[128]. Expenses - The group's service costs decreased by approximately 11.1% to about HKD 32,800,000 from approximately HKD 36,900,000 for the same period in 2023, with printing costs, employee costs, and translation costs accounting for approximately 36.7%, 30.9%, and 20.4% of total service costs, respectively[12]. - Selling and distribution expenses increased by about HKD 400,000 to approximately HKD 8,100,000, remaining relatively stable[15]. - Administrative expenses decreased by approximately HKD 3,300,000 to about HKD 12,600,000, mainly due to reduced depreciation of machinery and equipment[16]. - Total employee costs (excluding directors' remuneration) for the period were HKD 17,547,000, down 17.4% from HKD 21,185,000 in the previous year[109]. Other Income and Financial Metrics - Other income increased to approximately HKD 3,000,000 from approximately HKD 1,800,000, indicating relative stability[14]. - Other income for the period was HKD 3,028,000, significantly higher than HKD 1,755,000 in the same period last year, marking an increase of 72.5%[89]. - The group reported bank interest income of HKD 1,262,000 for the six months ended September 30, 2024, compared to HKD 984,000 for the same period in 2023, representing a 28.2% increase[126]. Cash Flow and Assets - The group reported a net cash inflow from operating activities of HKD 3,437,000 for the six months ended September 30, 2024, compared to HKD 9,814,000 for the same period in 2023, reflecting a decrease of approximately 65%[81]. - As of September 30, 2024, the group's current assets net value was approximately HKD 103,400,000, an increase from HKD 90,700,000 as of March 31, 2024, representing a growth of about 14.9%[57]. - The group's cash and cash equivalents as of September 30, 2024, were approximately HKD 83,000,000, up from HKD 78,300,000 as of March 31, 2024, indicating a rise of about 6.9%[57]. Debt and Equity - As of September 30, 2024, the company's debt-to-asset ratio was 3.3%, down from 5.6% as of March 31, 2024[36]. - The group's total equity as of September 30, 2024, was HKD 119,356,000, up from HKD 109,295,000 as of March 31, 2024, representing a growth of approximately 9.4%[79]. - The group did not have any borrowings, bank overdrafts, or bank loans as of September 30, 2024, indicating a strong liquidity position[57]. Dividends and Corporate Governance - The board does not recommend the payment of any dividends for the six months ended September 30, 2024, consistent with the previous period[30]. - The company did not recommend any dividend for the six months ended September 30, 2024, consistent with the previous year[110]. - The company has complied with the corporate governance code as outlined in the listing rules during the reporting period[51]. Industry Outlook and Strategic Position - The outlook for the financial printing industry remains uncertain due to specific industry factors, including the expansion of paperless listing mechanisms in Hong Kong[9]. - The group did not make any significant investments or acquisitions during the six months ended September 30, 2024[19]. - The group did not implement any new plans or financing strategies as of September 30, 2024, indicating a stable operational approach[58]. - There were no significant investment or capital asset plans as of September 30, 2024, suggesting a focus on maintaining current operations[59].
优越集团控股(01841) - 2025 - 中期财报