Financial Performance - Revenue for the six months ended September 30, 2024, was HK$1,716,129,000, a decrease of 12.1% compared to HK$1,954,785,000 in the same period last year[29]. - Gross profit for the period was HK$413,499,000, down 10.1% from HK$459,800,000 year-on-year[29]. - Profit before tax decreased to HK$29,681,000, a decline of 22.0% from HK$38,027,000 in the previous year[29]. - Profit for the period was HK$18,274,000, representing a decrease of 34.7% compared to HK$28,006,000 in the same period last year[29]. - Earnings per share attributable to ordinary equity holders decreased to HK5.3 cents, down from HK7.9 cents year-on-year[29]. - For the six months ended September 30, 2024, the profit for the period was HK$18,274,000, a decrease of 34.6% compared to HK$28,006,000 in the same period of 2023[52]. - The company reported a profit before tax of HK$29,681,000 for the six months ended September 30, 2024, down from HK$38,027,000 in 2023[59]. - Profit attributable to ordinary equity holders for the six months ended September 30, 2024 is HK$20,462,000, a decrease of 32.5% from HK$30,269,000 in 2023[137]. Assets and Liabilities - Total non-current assets increased to HK$1,238,904,000 as of September 30, 2024, up from HK$1,208,176,000 as of March 31, 2024, reflecting a growth of 2.5%[32]. - Total current assets decreased slightly to HK$1,703,656,000 from HK$1,719,967,000, representing a decline of 0.9%[32]. - Total current liabilities increased to HK$1,533,784,000, up from HK$1,478,803,000, indicating a rise of 3.7%[33]. - The net current assets decreased to HK$169,872,000 from HK$241,164,000, a decline of 29.6%[33]. - Total liabilities as of September 30, 2024, were HK$1,688,698,000, with segment liabilities from Hong Kong at HK$508,310,000, Chinese Mainland at HK$278,586,000, and Japan at HK$282,848,000[78]. Cash Flow and Investments - Cash and cash equivalents decreased to HK$569,875,000 from HK$625,940,000, a reduction of 8.9%[32]. - Cash generated from operations for the six months ended September 30, 2024, was HK$43,194,000, a decrease from HK$122,295,000 in 2023[59]. - Net cash flows used in investing activities for the six months ended September 30, 2024, were HK$43,613,000, compared to HK$28,594,000 in 2023[60]. - The company’s investment in joint ventures increased significantly to HK$7,897,000 from HK$4,558,000, marking a growth of 73.5%[32]. - The Group acquired property, plant, and equipment worth HK$26,026,000 during the six months ended September 30, 2024, compared to HK$27,277,000 in 2023[138]. Strategic Initiatives - The Group aims to optimize its domestic development in the Guangdong-Hong Kong-Macao Greater Bay Area, targeting a population of 86 million[18]. - The Group plans to enhance its e-commerce presence in the Mainland market through platforms like Taobao and JD.com, focusing on new product introductions[18]. - The acquisition of Miyata has allowed the Group to successfully introduce its products into the Hong Kong and Mainland markets, contributing to business growth[19]. - The Group's strategic measures included optimizing pricing and promotional activities to attract price-sensitive consumers[5]. - The Group plans to continue expanding its market presence in the Chinese Mainland and Japan, focusing on enhancing product offerings and operational efficiency[76]. Market Performance - Segment revenue for Hong Kong reached HK$914,183,000, an increase from HK$838,566,000 in the previous period, representing a growth of approximately 9%[76]. - The Chinese Mainland segment's revenue was HK$356,972,000, up from HK$294,368,000, marking a growth of approximately 21%[77]. - Japan segment revenue increased to HK$683,630,000 from HK$583,195,000, representing a growth of about 17%[77]. - Revenue from contracts with customers for the six months ended September 30, 2024, was HK$28,072,000, a decrease from HK$42,715,000 in the same period of 2023, representing a decline of approximately 34%[79]. - The company’s total revenue analysis indicates a significant reliance on the Chinese Mainland market, highlighting the need for strategic adjustments in this segment[99]. Other Financial Metrics - The company reported other comprehensive income for the period of HK$12,395,000, contrasting with a loss of HK$59,805,000 in the previous year[52]. - Total other income and gains, net for the six months ended September 30, 2024 was HK$14,970,000, significantly up from HK$6,499,000 in 2023, reflecting an increase of approximately 130%[126]. - Finance costs for the six months ended September 30, 2024 amounted to HK$26,344,000, compared to HK$22,483,000 in 2023, marking an increase of about 17%[127]. - The Group's current tax charge for the period was HK$10,147,000, an increase from HK$8,134,000 in 2023, representing a rise of approximately 24.8%[131]. - The Group's short-term employee benefits amounted to HK$6,781,000 for the six months ended September 30, 2024, compared to HK$6,652,000 in the previous year, representing an increase of approximately 1.9%[181].
四洲集团(00374) - 2025 - 中期财报