Financial Performance - Revenue for the six months ended February 28, 2025, was HKD 1,857,000, a decrease of 26.5% compared to HKD 2,528,000 for the same period in 2024[7] - Other income decreased significantly to HKD 57,000 from HKD 605,000, representing a decline of 90.6%[7] - The company reported a loss before tax of HKD 3,648,000, which is an increase of 48.7% compared to a loss of HKD 2,454,000 in the previous year[7] - Basic and diluted loss per share was HKD 0.05, compared to HKD 0.04 for the same period last year[7] - The company has reported a total comprehensive loss of HKD 3,763,000 for the period, compared to HKD 2,326,000 in the previous year[9] - The company reported a loss attributable to equity holders of HKD 3,530,000 for the six months ended February 28, 2025, compared to a loss of HKD 2,407,000 for the same period in 2024, indicating an increase in losses by approximately 46.6%[21] - The group reported a pre-tax loss of HKD 3,530,000 for the six months ended February 28, 2025, compared to a loss of HKD 2,407,000 in the same period of 2024, indicating a worsening of approximately 46.6%[44] - The group recorded a loss of approximately HKD 3.6 million for the period, compared to a loss of about HKD 2.5 million in the same period last year[71] Assets and Liabilities - Total assets decreased to HKD 5,548,000 from HKD 6,377,000, reflecting a decline of 13.0%[11] - Current liabilities significantly decreased to HKD 9,913,000 from HKD 30,835,000, a reduction of 67.8%[11] - Non-current liabilities increased to HKD 21,609,000 from HKD 1,189,000, indicating a substantial rise[13] - The company's equity attributable to owners decreased to HKD (25,143,000) from HKD (24,444,000) year-on-year[13] - The total equity attributable to equity holders decreased to HKD (25,143,000) as of February 28, 2025, from HKD (24,444,000) as of September 1, 2024, showing a decline in equity[21] - The company’s total liabilities included other borrowings of HKD 20,579,000 and trade and other payables of HKD 9,183,000 as of February 28, 2025, indicating significant financial obligations[21] - As of February 28, 2025, the group had total borrowings of approximately HKD 20.6 million[73] Cash Flow - The net cash used in operating activities was HKD (17,765,000) for the six months ended February 28, 2025, compared to HKD (8,929,000) for the same period in 2024, reflecting a deterioration in cash flow from operations[17] - The company generated net cash from investing activities of HKD 14,665,000 for the six months ended February 28, 2025, compared to a net cash outflow of HKD (343,000) in the previous year, indicating a significant improvement in investment cash flow[17] - The company reported a decrease in cash and cash equivalents to HKD 532,000 as of February 28, 2025, down from HKD 1,122,000 at the end of the previous period[17] Revenue Breakdown - Restaurant operations revenue decreased to HKD 1,664,000 for the six months ended February 28, 2025, down from HKD 2,467,000 in the same period of 2024, representing a decline of approximately 32.5%[30] - Food supply chain services revenue increased to HKD 193,000 for the six months ended February 28, 2025, compared to HKD 61,000 in the same period of 2024, marking an increase of approximately 216.4%[30] - Total revenue for the group was HKD 1,857,000 for the six months ended February 28, 2025, down from HKD 2,528,000 in the same period of 2024, a decrease of about 26.5%[30] Shareholder and Equity Information - The average number of issued ordinary shares increased to 64,864,746 for the six months ended February 28, 2025, compared to 56,171,000 in the same period of 2024, an increase of approximately 15.5%[44] - The company will issue 7,046,200 shares at a payment price of HKD 0.315 per share to Mr. Zhou, totaling approximately HKD 2.2 million, to offset debts of approximately HKD 2,219,000[88] - The company will also issue 730,160 shares at the same payment price to Ms. Lin, totaling approximately HKD 0.2 million, to offset debts of approximately HKD 230,000[88] - The company aims to focus resources on developing more profitable projects following the termination of the acquisition agreement[94] - As of February 28, 2025, the company has a total of 68,160,000 shares issued[108] - Major shareholder Zhou Bo holds 12.91% of the company's shares, equating to 8,800,000 shares[108] Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the financial statements and confirmed compliance with applicable accounting standards[120] - The company has adopted the GEM Listing Rules and has confirmed compliance with all applicable corporate governance codes during the reporting period[116] - There were no arrangements made for directors or their associates to benefit from acquiring the company's shares or debentures during the reporting period[112] - The company expressed gratitude to shareholders, business partners, and customers for their continued support[121] - The company has not engaged in any competitive business activities that could conflict with its operations during the reporting period[117] - The company has no knowledge of any changes in director information that require disclosure since the last annual report[118] Strategic Focus and Future Plans - The company is focusing on expanding its market presence and developing new technologies to enhance its product offerings[10] - The company plans to diversify its business to generate more cash and is seeking investors to ensure its ongoing operations[24] - The company is implementing measures to tighten expenditure control and eliminate underperforming restaurants to improve profitability[24] - The group plans to diversify its business by providing health soups and foods to explore new revenue sources[57] - The group aims to focus on supply chain business as a strategic priority for future development[57]
千盛集团控股(08475) - 2025 - 中期财报