Financial Performance - The company's unaudited revenue for the six months ended October 31, 2024, was approximately HKD 136.1 million, a decrease of 8.5% compared to HKD 148.7 million in the same period last year[5]. - Profit attributable to the company's owners for the review period was approximately HKD 5.5 million, slightly improved from HKD 4.5 million in the previous year[5]. - Revenue for the six months ended October 31, 2024, was HKD 136,130,000, a decrease of 8.4% compared to HKD 148,709,000 for the same period in 2023[24]. - Gross profit for the same period was HKD 23,666,000, down 11.4% from HKD 26,711,000 in 2023[24]. - Operating profit increased to HKD 6,688,000, representing a significant rise of 56.2% from HKD 4,283,000 in the previous year[24]. - Net profit for the period was HKD 4,557,000, an increase of 23.6% compared to HKD 3,684,000 in 2023[24]. - The company reported a net profit before tax of HKD 6,605,000 for the six months ended October 31, 2024, compared to HKD 4,039,000 for the same period in 2023[54]. - The total cost of sales for the six months ended October 31, 2024, was HKD 112,464,000, down from HKD 121,998,000 in the previous year[54]. - The company incurred a total expense of HKD 129,746,000 for the six months ended October 31, 2024, compared to HKD 143,913,000 in the same period of 2023[61]. Revenue Breakdown - Revenue from North America increased by 0.9% to approximately HKD 69.3 million, while revenue from Europe decreased by 1.2% to approximately HKD 32.9 million[6]. - Revenue from the laboratory equipment business decreased by 22.7% to approximately HKD 28.3 million, impacted by economic slowdown and intense price competition in China[6]. - Revenue from the Americas was HKD 69,803,000, slightly up from HKD 69,716,000 in the previous year, while revenue from China decreased to HKD 28,292,000 from HKD 36,631,000[60]. - Revenue for Guangdong Tongyuan Technology Co., Ltd. was HKD 28,292,000 for the six months ended October 31, 2024, down 22.9% from HKD 36,631,000 in the same period last year[87]. Expenses and Costs - Gross profit decreased by 11.2% to approximately HKD 23.7 million, with a gross margin decline of 3.0% to 17.1%[8]. - Selling and distribution expenses decreased by 12.5% to approximately HKD 6.3 million, reflecting a reduction in sales commissions[10]. - Administrative expenses decreased by 25.2% to approximately HKD 11.0 million, primarily due to reduced employee costs and other fixed indirect expenses[11]. - The company recorded an income tax expense of approximately HKD 2.0 million, an increase from HKD 0.4 million in the previous year, mainly due to increased taxable profits[14]. Cash Flow and Liquidity - As of October 31, 2024, the company reported a net cash outflow from operating activities of HKD (1,435) thousand, a significant decrease compared to HKD 11,154 thousand in the same period of 2023[35]. - The company reported a net cash inflow of HKD 320,000 for the six months ended October 31, 2024, down from HKD 1,113,000 in the same period last year[87]. - The company incurred a net cash outflow from investing activities of HKD (2,086) thousand, down from HKD (5,338) thousand in the prior year[35]. - The company reported a decrease in cash flow from financing activities, with a net outflow of HKD (1,499) thousand compared to HKD (1,387) thousand in the previous period[35]. Assets and Liabilities - Total assets as of October 31, 2024, were HKD 63,492,000, an increase from HKD 58,304,000 as of April 30, 2024[27]. - The company's total liabilities were HKD 31,865,000, slightly up from HKD 31,192,000 in the previous period[29]. - The company's total liabilities related to lease obligations increased, with principal repayments of HKD (1,431) thousand and interest repayments of HKD (68) thousand[35]. - The total liabilities of Guangdong Tongyuan Technology Co., Ltd. were HKD 17,834,000 as of October 31, 2024, compared to HKD 16,119,000 as of April 30, 2024[88]. Equity and Earnings Per Share - The company reported a basic and diluted earnings per share of HKD 0.6, compared to HKD 0.5 in the same period last year[26]. - The basic earnings per share for the six months ended October 31, 2024, was HKD 0.6, an increase from HKD 0.5 in the same period of 2023[67]. - The company's total equity increased to HKD 41,116 thousand as of October 31, 2024, up from HKD 38,152 thousand at the beginning of the period[32]. - The company's accumulated losses decreased to HKD (67,039) thousand from HKD (71,549) thousand, indicating an improvement in financial performance[32]. Future Outlook and Strategy - The company anticipates ongoing challenges from global conflicts and currency weakness, but aims to expand its global product range and sales[18]. - The company plans to expand its product range by introducing new popular licenses, targeting markets where it previously had no business presence[21]. - The company aims to enhance its laboratory equipment business by focusing on three key areas: optimizing smart laboratory products, providing customized services, and improving sales management[21]. - The company remains optimistic about future market opportunities and aims to align its products with national education strategies[22]. Other Financial Information - The company has not entered into any foreign currency hedging financial instruments as of October 31, 2024[17]. - No dividends were declared or paid for the six months ending October 31, 2024[69]. - The company has not made any purchases, sales, or redemptions of its listed securities during the six months ended October 31, 2024[95]. - The company has no significant investments other than those in subsidiaries as of October 31, 2024[96].
童园国际(03830) - 2025 - 中期财报