Revenue and Profit - Revenue for the six months ended December 31, 2024, was HK$72,334,000, a decrease of 13.4% compared to HK$83,563,000 for the same period in 2023[4] - Profit before taxation increased to HK$11,987,000, compared to HK$6,777,000 in the previous period, representing a growth of 76.5%[7] - Profit for the period was HK$11,637,000, up from HK$5,682,000, marking an increase of 104.1% year-over-year[7] - Total comprehensive income for the period was HK$11,998,000, compared to HK$6,292,000 in the previous period, indicating a growth of 90.5%[7] - Basic and diluted earnings per share rose to HK3.72 cents, compared to HK2.18 cents for the same period last year, reflecting a 70.7% increase[7] - Profit attributable to owners of the Company for the six months ended 31 December 2024 was approximately HK$11.6 million, an increase from approximately HK$5.6 million in the previous period, mainly driven by the principal subsidiary Multitone Electronics PLC and a reduction in fair value loss on financial assets[118][123] Expenses and Costs - Gross profit for the period was HK$43,921,000, down from HK$50,860,000, reflecting a gross margin decline[4] - Distribution costs decreased to HK$12,280,000 from HK$13,826,000, a reduction of 11.2% year-over-year[4] - General and administrative expenses increased by approximately 11.2% to approximately HK$22 million for the six months ended 31 December 2024, compared to approximately HK$20 million in the previous period, primarily due to higher administrative staff costs[120][125] - The Group incurred finance costs of HK$231,000 for the six months ended December 31, 2024, compared to HK$294,000 in 2023, indicating a decrease of 21.4%[18] Assets and Liabilities - Current assets increased to HK$180,778,000 from HK$171,576,000, showing a growth of 5.1%[11] - Net assets as of December 31, 2024, were HK$177,410,000, up from HK$165,412,000, representing a 7.5% increase[11] - Cash and cash equivalents at the end of the period were HK$108,890,000, a decrease from HK$105,760,000 at the end of the previous year[18] - The Group's total equity at December 31, 2024, was HK$177,410,000, an increase from HK$140,885,000 at December 31, 2023[15] - The Group maintained a healthy level of financial liquidity with net current assets of approximately HK$113 million as of 31 December 2024, up from approximately HK$98 million on 30 June 2024[197] Financial Performance and Market Analysis - Revenue from technology system sales, including software licensing, was HK$60,378,000, down from HK$71,433,000, representing a decline of 15.5%[38] - The segment result for technology system sales was HK$11,271,000, compared to HK$20,137,000 in the previous year, indicating a decrease of 44.0%[42] - Sales in the EU market for the first half of the fiscal year were approximately HK$14.4 million, a decrease of 22.2% compared to approximately HK$18.5 million in the previous period[187][191] - The UK remains the largest market for the company, with revenue and profit on target, and several large contracts in the Emergency Services sector expected in early 2025[185] Investments and Future Outlook - The company is set to release two major products in the first half of 2025, following a restructuring of its R&D efforts[171][173] - The Multitone Nucleus™ product is currently in internal release, with external sales expected in the first quarter of 2025[176] - The Multitone Evolve™ device is moving to pilot stage with expected sales availability in the second quarter of 2025[178] - Further investment in the UK Sales team is anticipated to drive growth in the sales pipeline[185] - Investment in the International Sales team is aimed at driving growth in the Baltic and Eastern European markets, which will be a key focus for 2025[187][191] Financial Reporting and Compliance - The company has adopted new amendments to HKFRS that are relevant to its financial reporting for the current period[29] - The Group's impairment losses on trade receivables are recognized immediately when the carrying amounts exceed recoverable amounts, ensuring timely financial reporting[91] - The Group does not hold any collateral over trade receivables, indicating a reliance on customer creditworthiness[92]
看通集团(01059) - 2025 - 中期财报