Financial Performance - Revenue for the six months ended December 31, 2024, was HKD 329,326,000, representing a 64.4% increase compared to HKD 200,183,000 for the same period in 2023[2] - Gross profit for the same period was HKD 62,214,000, up 24.7% from HKD 49,888,000 year-on-year[2] - The net loss for the period was HKD 20,342,000, an improvement of 42.7% compared to a loss of HKD 35,589,000 in the previous year[2] - The company's basic and diluted loss per share improved to HKD 2.48 from HKD 4.64 year-on-year[3] - The group reported a consolidated loss before tax of HKD 19,962,000 for the six months ended December 31, 2024, compared to a loss of HKD 35,503,000 in the same period of 2023[19] - The loss attributable to the company's owners was HKD 16,968,000, compared to a loss of HKD 31,677,000 in the previous year[37] - Basic loss per share for the six months ended December 31, 2024, was HKD 0.0248, compared to HKD 0.0464 for the same period in 2023[28] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 2,568,227,000, a slight decrease from HKD 2,595,092,000 as of June 30, 2024[4] - Current liabilities exceeded current assets by HKD 372,518,000, indicating liquidity challenges[5] - Non-current assets totaled HKD 2,195,709,000, down from HKD 2,371,309,000 in the previous period[5] - The company has bank loans classified as current liabilities amounting to HKD 879,727,000[7] - The asset-liability ratio as of December 31, 2024, was 0.3306, down from 0.3619 as of June 30, 2024[48] Cash Flow and Financial Resources - The company reported cash and cash equivalents of HKD 59,387,000 as of December 31, 2024, compared to HKD 49,156,000 at the end of June 2024[4] - The group has unutilized bank credit facilities exceeding HKD 283,000,000 for operational funding purposes[5] - The group plans to utilize any surplus funds from loan repayments for additional operational funding[5] - The group expects to repay or renew bank loans classified as current liabilities on time, based on its strong compliance record[5] - Total borrowing costs decreased to HKD 27,868,000 from HKD 34,157,000 year-on-year[5] Revenue Breakdown - Revenue from the jewelry business for the six months ended December 31, 2024, was HKD 162,355,000, a decrease of 13.6% compared to HKD 187,901,000 in the same period of 2023[19] - Revenue from property investment and development for the same period was HKD 152,886,000, with no revenue reported in the previous year[21] - Property sales contributed HKD 152,886,000 to the revenue during the review period[37] - The group has rental income of HKD 12,996,000 for the six months ended December 31, 2024, compared to HKD 10,383,000 in the previous year[21] - Property sales and rental income amounted to approximately HKD 152,886,000 and HKD 12,996,000, respectively, representing a significant increase of HKD 155,499,000 compared to HKD 10,383,000 in the same period last year[41] Operational Strategies - The group aims to enhance operational efficiency and implement cost control measures to improve cash flow from operating activities[5] - The company aims to enhance competitive advantages through improved product sales strategies and R&D efforts focused on market-adaptive products[40] - The company plans to prioritize increasing occupancy rates and adopting flexible leasing strategies in response to the challenging real estate market[46] Staff and Governance - As of December 31, 2024, the group employed approximately 451 staff, a decrease from 465 staff as of June 30, 2024[55] - The company has complied with all applicable code provisions of the Corporate Governance Code during the six months ended December 31, 2024, with some deviations noted[60] - The audit committee consists of five independent non-executive directors who reviewed the unaudited consolidated interim financial statements for the six months ended December 31, 2024[63] Market Outlook - The company maintains a cautious optimism regarding the jewelry and property sectors despite ongoing challenges[46] - The group has adopted a conservative strategy for financial risk management, with market risk kept at a minimum level[57]
恒和集团(00513) - 2025 - 中期业绩