Financial Performance - Revenue for the six months ended December 31, 2024, was HKD 46,902,000, representing a 65% increase from HKD 28,377,000 in the same period of 2023[3] - Gross profit for the same period was HKD 16,118,000, up 92.8% from HKD 8,388,000 year-on-year[3] - The company reported a profit before tax of HKD 1,870,000, compared to a loss of HKD 3,392,000 in the previous year[3] - Basic and diluted earnings per share for the period were HKD 0.87, recovering from a loss of HKD 1.84 per share in the prior year[4] - The total profit and comprehensive income for the period was approximately HKD 1,700,000, compared to a loss of HKD 3,400,000 in the previous period[64] - The group reported a consolidated profit before tax of HKD 1,870,000 for the six months ended December 31, 2024, compared to a loss of HKD 3,392,000 in the same period of 2023[22] Revenue Breakdown - Revenue from the sale of clothing labels and packaging printing products was HKD 28,361,000, up 40% from HKD 20,271,000 year-on-year[16] - Revenue from food, daily necessities, and public utility products sales reached HKD 10,169,000, a 25.5% increase from HKD 8,106,000 in the previous year[16] - The restaurant operations generated revenue of HKD 8,372,000, with no revenue reported in the same period last year[16] - Revenue from the manufacturing and sales of clothing labels and packaging printing products increased by approximately 39.9% to about HKD 28,400,000 due to an increase in customer sales orders[65] - Revenue from the food, daily necessities, and public products segment increased by approximately 25.9% to about HKD 10,200,000, attributed to an expanded product range and customer base[66] - The restaurant operations segment contributed approximately HKD 8,400,000 in revenue during the period, with a gross margin of about 23%[67] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 49,866,000, an increase from HKD 48,996,000 as of June 30, 2024[6] - The group’s total liabilities were HKD 28,223,000 as of December 31, 2024, compared to HKD 27,583,000 as of June 30, 2024[22] - Trade receivables stood at HKD 7,786,000 as of December 31, 2024, with a provision for impairment of HKD 1,403,000, resulting in a net trade receivable of HKD 6,383,000[40] - Cash and cash equivalents increased to HKD 34,917,000 from HKD 33,565,000 in the previous period[6] - Cash and cash equivalents totaled approximately HKD 35,000,000 as of December 31, 2024, an increase of about HKD 1,400,000 from June 30, 2024[79] Operational Highlights - The company continues to focus on expanding its operations in the manufacturing and sales of apparel labels and packaging printing products[7] - The group established a subsidiary engaged in the sale of electronic cigarette products, indicating a shift in reportable segments[17] - The group plans to continue expanding its product offerings and market presence, particularly in the electronic cigarette sector[17] - The company completed the acquisition of 91% of a café business, enhancing market insights and contributing to the food sales and distribution segment[67] - The company began evaluating the commercial feasibility of the e-cigarette business in Q3 2024, with plans to start sales in New Zealand in February 2025[69] Expenses and Costs - The group's profit before tax for the six months ended December 31, 2024, was impacted by employee costs rising to HKD 14,213,000 from HKD 11,004,000, and financing costs increasing to HKD 495,000 from HKD 271,000[29] - Administrative and other operating expenses increased by approximately HKD 1,700,000 to about HKD 11,100,000, primarily due to depreciation and new segment-related costs[77] - Interest income decreased to HKD 324,000 from HKD 700,000, while other income also fell to HKD 66,000 from HKD 212,000, resulting in total other income of HKD 390,000 compared to HKD 912,000 in the previous year[27] Corporate Governance - The board believes that good corporate governance is crucial for protecting shareholder interests and enhancing group performance, and has adhered to the relevant provisions of the corporate governance code during the 2024 period[90] - The audit committee, composed of three independent non-executive directors, reviewed the accounting standards and internal controls during the 2024 period[91] - The interim financial report for the 2024 period was reviewed by an independent auditor, ensuring compliance with the relevant review standards[95] Dividends and Shareholder Returns - The group did not declare an interim dividend for the six months ended December 31, 2024, consistent with the previous year[34] - The board does not recommend the payment of an interim dividend for the 2024 period[93] Other Financial Metrics - The current ratio as of December 31, 2024, was 2.31, indicating a stable liquidity position[79] - The group's depreciation expense for property, plant, and equipment was HKD 4,595,000 for the six months ended December 31, 2024, compared to HKD 9,635,000 for the same period in 2023[37] - The fair value of contingent consideration was HKD 1,110,000 as of December 31, 2024, unchanged from June 30, 2024[62]
HSSP INTL(03626) - 2025 - 中期业绩