Financial Performance - Revenue for the six months ended December 31, 2024, was HKD 224,073,000, a decrease of 6.3% compared to HKD 239,067,000 for the same period in 2023[2] - The operating loss for the period was HKD 11,491,000, improved from a loss of HKD 14,166,000 in the previous year, representing a reduction of 18.9%[3] - The net loss attributable to the owners of the company was HKD 27,382,000, slightly increased from HKD 26,978,000 in the prior year[3] - The company reported a total comprehensive loss of HKD 22,269,000 for the period, compared to a loss of HKD 21,440,000 in the previous year[5] - The group reported a pre-tax loss of HKD 16,229,000 for the six months ended December 31, 2024, compared to a pre-tax loss of HKD 18,359,000 for the same period in 2023[15] - The basic and diluted loss per share was HKD 0.70, compared to HKD 0.69 in the prior year[3] - The group reported a basic and diluted loss per share of HKD 0.70 for the six months ended December 31, 2024, compared to HKD 0.69 for the same period in 2023[24] Assets and Liabilities - Total assets decreased to HKD 643,722,000 from HKD 701,692,000, reflecting a decline of 8.2%[7] - Total liabilities decreased to HKD 391,585,000 from HKD 416,455,000, a reduction of 6.0%[8] - The group’s total liabilities increased to HKD 579,496,000 as of December 31, 2024, compared to HKD 656,307,000 as of June 30, 2024[17] - The fair value of the investment properties was revalued at approximately HKD 219,530,000 as of December 31, 2024, down from HKD 239,338,000 as of June 30, 2024, reflecting a fair value loss of approximately HKD 19,126,000[27] - As of December 31, 2024, the accounts receivable from trade and notes amounted to HKD 216,681,000, down from HKD 261,930,000 as of June 30, 2024[31] - The group has retained the full book value of accounts receivable of HKD 116,391,000 as of December 31, 2024, despite factoring agreements with banks[32] - The group’s trade payables to third parties amounted to HKD 53,672,000 as of December 31, 2024, compared to HKD 32,024,000 as of June 30, 2024[36] - The group reported a significant increase in trade receivables aged 0 to 30 days, totaling HKD 22,429,000 as of December 31, 2024, compared to HKD 33,543,000 as of June 30, 2024[35] Cash Flow and Financing - Cash and cash equivalents increased to HKD 58,316,000 from HKD 41,358,000, showing a growth of 40.9%[7] - The financing costs for the six months ended December 31, 2024, were HKD 4,828,000, an increase from HKD 4,288,000 in the same period of 2023[20] - Financing costs increased to HKD 4,800,000 from HKD 4,300,000 in the previous year, primarily due to increased loans from a director[52] - As of December 31, 2024, the group's debt-to-asset ratio was 43.1%, down from 46.4% on June 30, 2024[55] Revenue Segmentation - The logistics services segment generated revenue of HKD 207,251,000, while the property investment segment contributed HKD 1,492,000, and the private aircraft management services segment brought in HKD 13,601,000[15] - The group's revenue decreased to HKD 224,100,000 for the fiscal period, down from HKD 239,100,000 in the previous year, with logistics contributing approximately 92.5% of total revenue[50] - The joint venture implemented a fleet outsourcing strategy starting mid-2024, resulting in a slight decrease in business performance due to lower transportation fees in Xinjiang, with revenue recorded at HKD 207,300,000 compared to HKD 209,800,000 in the previous year[49] - The group managed four aircraft under its private aircraft management segment as of December 31, 2024, with revenue of approximately HKD 13,600,000, down from HKD 16,400,000 in the previous year[46] - The group reported a revenue of HKD 1,500,000 for the financial period from property investments, a decrease from HKD 3,000,000 in the previous year[43] Strategic Focus and Management - The company plans to continue focusing on cost management and exploring new market opportunities to enhance future performance[10] - The group has secured a three-year logistics service framework agreement with Mongolia Energy Company, effective from 2023 to 2026, ensuring stable business volume[58] - The group employed a total of 41 full-time employees as of December 31, 2024, down from 50 employees on June 30, 2024[66] - The group has no significant capital commitments as of the year-end[40] - The group has no significant contingent liabilities as of December 31, 2024[57] - The group has not engaged in any purchase, sale, or redemption of its listed securities during the fiscal period[59] - The group continues to monitor foreign exchange risks without a formal hedging policy, focusing on assets and liabilities primarily denominated in HKD, USD, and RMB[56] Governance - The audit committee consists of four independent non-executive directors, including Mr. Xu Qingquan, Mr. Li Qiwei, Mr. Wei Qikuan, and Mr. Liu Weibiao, who is the chairman of the audit committee[67] - The board of directors comprises ten members, including six executive directors and four independent non-executive directors[67] - The unaudited condensed consolidated financial statements for the six months ending December 31, 2024, have been reviewed by the audit committee[67]
远见控股(00862) - 2025 - 中期业绩