Revenue and Profitability - Revenue for the six months ended December 31, 2024, increased to HKD 642,389,000, up 25.0% from HKD 513,747,000 in the same period of 2023[2] - Gross profit for the same period was HKD 120,486,000, representing a 9.0% increase compared to HKD 110,520,000 in 2023[2] - The company reported a revenue increase of 25.0% to HKD 642.4 million, primarily driven by increased demand from major customers in the United States[32] - The group's sales revenue increased by 25.0% to HKD 642.4 million, compared to HKD 513.7 million in the same period last year, primarily due to increased demand from major customers in the United States[34] - Gross profit rose from HKD 110.5 million to HKD 120.5 million, but the gross margin decreased from 21.5% to 18.8%, mainly due to additional manufacturing costs of HKD 8.4 million and contracting expenses incurred from the temporary suspension of operations[35] Losses and Expenses - Operating loss widened to HKD 4,206,000 from HKD 1,548,000 year-on-year[3] - Net loss for the period was HKD 15,773,000, compared to a loss of HKD 9,534,000 in the previous year, reflecting a 65.0% increase in losses[3] - Basic and diluted loss per share increased to HKD 5.90 from HKD 4.31[3] - The pre-tax loss for the six months ended December 31, 2024, was HKD 17.8 million, compared to a loss of HKD 13.0 million for the same period in 2023[22] - The company’s basic loss per share for the six months ended December 31, 2024, was HKD 0.059, compared to HKD 0.043 for the same period in 2023[22] - Selling and distribution expenses increased significantly from HKD 16.6 million to HKD 27.1 million, primarily due to an additional freight cost of HKD 6.9 million resulting from the operational suspension[38] - The group recorded a net loss of HKD 15.8 million, compared to a net loss of HKD 9.5 million in the same period last year; normalizing for additional costs, the adjusted net loss was HKD 0.5 million[41] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 450,880,000, a decrease from HKD 467,682,000 as of June 30, 2024[8] - Current liabilities increased to HKD 347,705,000 from HKD 335,674,000, indicating a rise in short-term financial obligations[8] - Cash and cash equivalents decreased significantly to HKD 47,094,000 from HKD 102,263,000, highlighting liquidity challenges[7] - As of December 31, 2024, trade receivables amounted to HKD 191.5 million, up from HKD 132.5 million as of June 30, 2024[25] - As of December 31, 2024, trade payables were HKD 148.9 million, slightly down from HKD 152.5 million as of June 30, 2024[28] - As of December 31, 2024, the group's cash and bank balances were HKD 47.1 million, down from HKD 102.3 million as of June 30, 2024, with total bank loans amounting to HKD 86.6 million[42] Operational Challenges and Strategies - The company incurred additional manufacturing costs of approximately HKD 8.4 million and extra freight costs of about HKD 6.9 million due to the planned suspension of operations at its Indonesian facility[32] - The company received government subsidies of HKD 834,000 during the reporting period, a decrease from HKD 1.7 million in the previous year[15] - The company plans to enhance operational efficiency by temporarily suspending operations at its Indonesian facility, with a full resumption expected in November 2024[32] - The company anticipates continued volatility in customer demand in the short term due to a complex global economic environment and persistent inflation[50] - The group plans to focus on cost control, efficiency improvements, and resource optimization in response to the challenging market conditions[52] Other Financial Metrics - The company reported a foreign exchange gain of HKD 9,946,000 from overseas operations, up from HKD 2,116,000 in the previous year[5] - Other net income decreased to HKD 11.0 million from HKD 12.4 million in the same period last year[37] - The cash conversion cycle was negative 14 days, compared to negative 8 days as of June 30, 2024, indicating improved working capital management[42] - The company’s sales in the U.S. market accounted for 74% of total sales, while Europe accounted for 14% and other markets for 12%[33] - No significant investments, acquisitions, or disposals were made during the reporting period[48]
黛丽斯国际(00333) - 2025 - 中期业绩