Financial Performance - Revenue for the six months ended December 31, 2024, was HKD 2,304,951, a decrease of 18.7% compared to HKD 2,835,216 for the same period in 2023[5] - Gross profit increased to HKD 15,484, up 15.8% from HKD 13,367 in the previous year[5] - The company reported a profit attributable to owners of the company from continuing operations of HKD 981, compared to HKD 403 in the previous year[7] - Total comprehensive income attributable to owners was HKD 1,071, a significant recovery from a loss of HKD 8,125 in the same period last year[7] - The company reported a profit of HKD 981 for the period, compared to a loss of HKD 6,405 in the previous year[10] - The total comprehensive income for the period was HKD 1,071, compared to a total comprehensive loss of HKD 8,125 in the same period last year[10] - The group reported a loss from continuing operations of HKD 981,000 for the six months ended December 31, 2024, compared to a profit of HKD 403,000 in the same period of 2023[27] Assets and Liabilities - Non-current assets increased to HKD 19,064 from HKD 12,878, reflecting a growth in property, plant, and equipment[9] - Inventory rose to HKD 20,834, up from HKD 11,885, indicating potential market expansion or increased production[9] - Current liabilities increased to HKD 28,490 from HKD 26,109, suggesting a rise in operational costs[9] - The company’s total equity increased to HKD 338,769 from HKD 336,432, indicating stability in financial position[9] - The company’s total equity attributable to owners decreased to HKD 331,093 from HKD 337,960, a decline of 2.6%[10] - Trade receivables increased to HKD 153,998,000 as of December 31, 2024, compared to HKD 151,165,000 as of June 30, 2024[31] - Total trade payables decreased to HKD 2,985,000 as of December 31, 2024, from HKD 6,427,000 as of June 30, 2024[36] - The net current assets were approximately HKD 319,738,000, slightly decreased from HKD 323,749,000 as of June 30, 2024[52] Operational Changes - The company has ceased operations in coal mining and construction services as of February 2024[12] - The group has not recorded any revenue from heating services during the period due to the cessation of operations in Tianjin[44] - The company plans to focus on expanding its fresh and agricultural products trade and meat processing segments moving forward[12] - The group plans to establish food processing plants for fresh agricultural products in cities like Huizhou and Baoan to penetrate the market[48] Income and Expenses - Interest income from lending business was HKD 2,338, slightly up from HKD 2,302 in the previous year[15] - The company’s administrative expenses amounted to HKD 5,131, contributing to the overall loss before tax of HKD 5[18] - The group recorded a loss of approximately HKD 1,978,000 in the lending business, compared to a profit of HKD 1,050,000 in the previous year, mainly due to increased expected credit loss provisions[41] - Other income decreased to approximately HKD 808,000 from HKD 3,184,000, primarily due to the absence of government grants and property sales in the current period[39] Shareholder Information - Major shareholders included Hsu Kung Ming with a beneficial ownership of 600,000 shares (0.16%) and 102,719,000 shares (28.17%) held through a holding entity[59] - The company did not recommend an interim dividend for the six months ended December 31, 2024, consistent with the previous year[25] Compliance and Governance - The audit committee reviewed the unaudited condensed consolidated financial statements, ensuring compliance with applicable accounting standards and GEM listing rules[71] - The board of directors includes three executive directors and three independent non-executive directors[72] - The announcement complies with GEM listing rules and aims to provide accurate information about the company[72] - The board confirms that the information in the announcement is complete and not misleading[72]
都都控股(08250) - 2025 - 中期业绩