Financial Performance - Total revenue for the six months ended March 31, 2025, decreased by 2.2% to approximately HKD 492.2 million compared to HKD 503.4 million for the same period last year[6]. - Net profit increased from HKD 40.1 million to HKD 55.5 million year-on-year[6]. - Gross profit margin improved from 90.2% to 92.0%, driven by an increase in the proportion of beauty services to total sales, which rose to 87.8%[7]. - Revenue for the six months ended March 31, 2025, was HKD 492,241,000, a decrease of 2.4% from HKD 503,434,000 in the same period of 2024[45]. - Profit before tax increased to HKD 71,235,000, up 33.2% from HKD 53,455,000 year-on-year[32]. - Net profit for the period was HKD 55,485,000, representing a 38.3% increase compared to HKD 40,067,000 in the previous year[32]. - Total comprehensive income for the period was HKD 53,123,000, compared to HKD 40,223,000 in the prior year, marking a 32.1% increase[33]. - Basic and diluted earnings per share rose to HKD 0.082, up from HKD 0.059, reflecting a 39.0% increase[32]. Revenue Breakdown - Revenue from skincare product sales was HKD 59,939,000, down 25.3% from HKD 80,182,000 in the previous year[46]. - Revenue from service offerings increased to HKD 432,302,000, up 2.5% from HKD 423,252,000 in the prior year[46]. - Revenue from Hong Kong and Macau was HKD 462,647,000, a slight decrease of 1.3% from HKD 468,266,000 in 2024[50]. - Revenue from mainland China decreased to HKD 29,594,000, down 16.0% from HKD 35,168,000 in the previous year[50]. Operating Expenses and Costs - Total operating expenses for the six months ended March 31, 2025, were HKD 89,298,000, an increase of 6.0% from HKD 83,822,000 in 2024[52]. - The current tax expense for the period was HKD 14,940,000, an increase of 6.6% from HKD 14,018,000 in the previous year[54]. - Deferred tax expense for the period was HKD 810,000, compared to a deferred tax benefit of HKD 630,000 in the prior year[54]. - The company closed several stores, resulting in a reduction of total employees from 1,011 to 903, while employee costs as a percentage of revenue increased from 45.6% to 46.2%[9]. - Rental costs as a percentage of revenue significantly decreased from 16.1% to 14.4% due to strategic store closures and lower rental rates in a weak retail market[9]. - Advertising expenses as a percentage of revenue rose from 2.1% to 2.6%, reflecting significant investment in new advertising campaigns to attract new customers[9]. Cash and Financial Position - Cash on hand as of March 31, 2025, was approximately HKD 632.5 million[6]. - The group's cash and bank deposits amounted to approximately HKD 632,500,000 as of March 31, 2025, compared to HKD 485,200,000 as of September 30, 2024, indicating a significant increase[15]. - The capital debt ratio remained at zero as of March 31, 2025, consistent with the previous year, reflecting a strong financial position[17]. - The group has no significant contingent liabilities as of March 31, 2025, suggesting a low risk profile[18]. - The company reported a net increase in cash and cash equivalents of HKD 149,780,000, compared to HKD 124,087,000 in the same period last year[38]. - The company’s total liabilities decreased from HKD 2,045,000 as of September 30, 2024, to HKD 1,438,000 as of March 31, 2025, indicating improved financial health[66]. Investments and Commitments - The group plans to continue investing in the latest beauty equipment to maintain its market leadership and enhance service quality[13]. - The group has capital commitments of approximately HKD 700,000 for property and equipment acquisitions as of March 31, 2025[19]. - The capital expenditure for property and equipment for the six months ended March 31, 2025, was approximately HKD 4,405,000, a decrease from HKD 11,670,000 for the same period in 2024[64]. - The company has committed capital expenditures of HKD 693,000 for property and equipment as of March 31, 2025, down from HKD 3,858,000 as of September 30, 2024[68]. Governance and Compliance - The audit committee reviewed the unaudited consolidated results for the six months ending March 31, 2025, and discussed financial reporting matters with independent auditors[75]. - The company has established various committees, including the remuneration committee and investment advisory committee, to enhance governance and investment decision-making[76][77]. - The company has complied with the corporate governance code during the review period[89]. - All directors confirmed compliance with the standard code regarding securities transactions during the review period[90]. - The company has established a disclosure committee to ensure timely disclosure of inside information as per the Securities and Futures Ordinance[79]. Shareholding and Dividends - The company declared an interim dividend of HKD 0.035 per share, consistent with the previous year[6]. - The company declared an interim dividend of HKD 0.035 per share for the six months ending March 31, 2025, with payment scheduled for June 18, 2025[74]. - Major shareholder Yu Lisi holds 166,113,760 shares, representing approximately 24.41% of the issued share capital[85]. - Tianjun Limited, a registered owner, holds 155,333,760 shares, accounting for about 22.82% of the issued share capital[85]. - Billion Well Holdings Limited, another registered owner, possesses 67,794,880 shares, which is 9.96% of the issued share capital[85]. - Li Yanling has a controlled company interest in 99,885,760 shares, equating to 14.68% of the issued share capital[85]. - The executive director Yu Lizhu holds a total of 182,665,760 shares, which includes personal and controlled company interests, accounting for approximately 26.84% of the issued share capital[80]. - As of March 31, 2025, the total shareholding of the executive director Yu Jinshui is 10,166,000 shares, representing approximately 1.49% of the issued share capital[80]. Operational Stability - The company has no major acquisitions or disposals of subsidiaries during the review period, indicating a stable operational strategy[22]. - The company has not reported any major post-reporting period events, indicating stability in operations[72]. - The company has not engaged in any purchase or sale of its listed securities during the review period[88]. - The company did not repurchase any listed shares during the review period and holds no treasury shares as of March 31, 2025[88]. - The company’s independent non-executive directors are involved in various committees to ensure compliance and governance standards are met[75][78][79].
奥思集团(01161) - 2025 - 中期财报