Financial Performance - The company's revenue for the six months ended December 31, 2024, was HKD 2,304,951, a decrease of 18.6% compared to HKD 2,835,216 for the same period in 2023[8] - Gross profit increased to HKD 15,484 from HKD 13,367, representing a growth of 15.8% year-over-year[8] - The company reported a net loss of HKD 258 for the period, a significant improvement from a loss of HKD 6,550 in the previous year[9] - The total comprehensive income attributable to the owners of the company was HKD 1,071, compared to a loss of HKD 8,125 in the same period last year[10] - Revenue from fresh and agricultural products trade and general trade decreased to HKD 1,893,002,000 for the six months ended December 31, 2024, down from HKD 2,832,914,000 in the same period of 2023, representing a decline of 33.3%[23] - Revenue from meat processing reached HKD 409,611,000 for the six months ended December 31, 2024, with no revenue reported in the same period of 2023[23] - The total comprehensive income for the period was HKD 1,071,000 for the six months ended December 31, 2024, compared to a total comprehensive loss of HKD 8,125,000 in the same period of 2023[15] - The company reported a loss before tax of HKD 5,000 for the six months ended December 31, 2024, compared to a loss of HKD 5,377,000 for the same period in 2023[27][28] - The company reported a loss attributable to owners of approximately HKD 1,239,000, compared to a loss of HKD 145,000 in the same period of 2023[50] Assets and Liabilities - Non-current assets increased to HKD 19,064 from HKD 12,878, indicating a growth of 47.8%[12] - Inventory levels rose to HKD 20,834, up from HKD 11,885, reflecting a 75% increase[12] - Trade receivables increased to HKD 208,573 from HKD 198,157, showing a growth of 5.7%[12] - Current liabilities increased to HKD 28,490 from HKD 26,109, a rise of 9.1%[12] - Total assets less current liabilities increased to HKD 338,802,000 as of December 31, 2024, compared to HKD 336,627,000 as of June 30, 2024, reflecting a growth of 0.65%[13] - The company's net assets amounted to HKD 338,769,000 as of December 31, 2024, up from HKD 336,432,000 as of June 30, 2024, indicating an increase of 0.69%[13] - The net amount of loans receivable and interest as of December 31, 2024, was approximately HKD 29,060,000, down from HKD 31,021,000 as of June 30, 2024[53] - The company’s trade payables decreased from HKD 6,427,000 as of June 30, 2024, to HKD 2,985,000 as of December 31, 2024[44] Cash Flow and Investments - The net cash used in operating activities was HKD (13,880,000) for the six months ended December 31, 2024, an improvement from HKD (30,711,000) in the same period of 2023[18] - The company’s cash and cash equivalents decreased to HKD 59,361,000 as of December 31, 2024, down from HKD 84,436,000 as of December 31, 2023[18] - As of December 31, 2024, the company's investments in listed securities amounted to approximately HKD 30,400,000, an increase from HKD 27,033,000 as of June 30, 2024, with a fair value gain of approximately HKD 3,256,000 during the period[57] Business Operations - The company has ceased operations in coal mining and construction services as of February 2024, focusing on its core businesses[19] - The company has ceased heating services in Tianjin since May 2023, resulting in no revenue recorded from this segment during the period[58] - The meat processing business, launched in April 2024, contributed total revenue of approximately HKD 409,611,000, accounting for about 17.8% of total revenue, with a gross profit margin of approximately 1.22%[52] Corporate Governance - The company has changed its name from "Silk Road Energy Services Group Limited" to "Du Du Holdings Limited" to better reflect its current status and future direction[66] - The company is committed to maintaining high corporate governance standards to enhance shareholder value[77] - The Audit Committee has been established to review the company's annual reports, interim reports, and quarterly reports, ensuring compliance with applicable accounting standards[78] - The Audit Committee consists of three independent non-executive directors, ensuring oversight of financial reporting and internal control procedures[78] - The company has complied with all corporate governance code provisions during the period[77] - The board of directors includes three executive directors and three independent non-executive directors as of the report date[79] Earnings Per Share - The company reported a basic and diluted earnings per share of HKD 0.27, compared to a loss of HKD 1.71 in the previous year[10] - Basic and diluted earnings per share from continuing operations were HKD 2.69 for the six months ended December 31, 2024, compared to HKD 1.08 for the same period in 2023[38] Other Financial Metrics - The expected credit loss model resulted in an impairment loss of HKD 5,308, which was not present in the previous year[8] - Interest income from lending activities was HKD 2,338,000 for the six months ended December 31, 2024, compared to HKD 2,302,000 in the same period of 2023, showing a growth of 1.56%[23] - Interest income from bank deposits increased to HKD 668,000 in 2024 from HKD 616,000 in 2023[30] - The company’s administrative expenses totaled HKD 5,131,000 for the six months ended December 31, 2024, compared to HKD 4,894,000 in 2023[27][28] - The company’s administrative and other operating expenses for the period were approximately HKD 14,202,000, an increase from HKD 9,977,000 in the same period of 2023, primarily due to expenses related to the new meat processing business[48]
都都控股(08250) - 2025 - 中期财报