Financial Performance - The company's revenue for the six months ended March 31, 2025, was HKD 36,689,000, a decrease of 11.5% compared to HKD 41,291,000 for the same period in 2024[8] - The total comprehensive loss for the period was HKD 11,349,000, compared to HKD 15,421,000 for the same period last year, indicating a 26.5% improvement[10] - Basic loss per share from continuing operations was HKD (25.31), down from HKD (40.32) in the prior year, reflecting a 37.2% improvement[10] - The company reported a loss attributable to equity holders of HKD 8,920,000 for the period ending October 1, 2023, compared to a loss of HKD 64,434,000 in the previous period[15] - The total loss before tax for the six months ended March 31, 2025, was HKD 11,184,000, compared to a loss of HKD 15,350,000 for the same period in 2024, showing an improvement of approximately 27.9%[30] - The group recorded a loss from continuing operations of approximately HKD 10,800,000 during the period, compared to a loss of approximately HKD 14,400,000 in the six months ended March 31, 2024[86] - The group recorded a loss from discontinued operations of approximately HKD 500,000 during the period, compared to approximately HKD 1,000,000 in 2024[87] Assets and Liabilities - Non-current assets totaled HKD 71,926,000, a decrease from HKD 75,815,000 as of September 30, 2024[11] - Current assets increased to HKD 98,371,000 from HKD 92,053,000, showing a growth of 6.5%[11] - The company's net assets amounted to HKD 127,825,000, down from HKD 132,180,000 in the previous period[13] - The company's equity attributable to owners was HKD 127,871,000, a decrease from HKD 132,180,000[13] - The company reported a total lease liability of approximately HKD 6,838,000 as of March 31, 2025, down from HKD 8,497,000 as of September 30, 2024, representing a 19.5% decrease[49] - The company reported interest-bearing bank loans of HKD 15,164,000 as of March 31, 2025, down from HKD 16,322,000 as of September 30, 2024, a decrease of 7.1%[64] - The bank loans due within one year decreased significantly to HKD 197,000 as of March 31, 2025, from HKD 2,712,000 as of September 30, 2024, a decline of 92.8%[65] Revenue Breakdown - The licensed business generated revenue of HKD 6,280,000, while the non-licensed business generated HKD 30,409,000, indicating a significant contribution from non-licensed operations[29] - Revenue from the Hong Kong market for the licensed business decreased to HKD 31,110,000 in 2025 from HKD 37,529,000 in 2024, a decline of about 17.5%[31] - Non-licensed business revenue from consulting services accounted for approximately 17.8% of total revenue during the period[76] - Non-licensed business revenue increased by approximately HKD 3,200,000 or 11.8% to about HKD 30,400,000 during the period, compared to HKD 27,200,000 in 2024[82] Cash Flow and Financing - As of March 31, 2025, the company had cash and cash equivalents of HKD 42,847,000, a significant increase from HKD 8,867,000 at the same time last year[21] - The net cash generated from operating activities was HKD 8,961,000, compared to a cash outflow of HKD 11,738,000 in the previous period[21] - The company recorded a net cash outflow from financing activities of HKD 3,362,000, which is an improvement from HKD 3,957,000 in the prior period[21] - The company’s financing activities included repayment of bank loans totaling HKD 1,157,000, indicating a focus on reducing debt levels[21] Strategic Initiatives - The company plans to continue expanding its investment advisory and asset management services in Hong Kong, leveraging its existing client base[22] - The company plans to explore new business opportunities, particularly focusing on acquisition targets in the Greater Bay Area to enhance shareholder returns[94] - The company is exploring new product development and technological advancements to enhance its market position[111] - Future outlook includes potential market expansion and strategic acquisitions to drive growth[111] Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited financial results for the period and confirmed compliance with applicable accounting standards and GEM listing rules[110] - The company has adopted the corporate governance code as per GEM listing rules and has complied with all applicable provisions[107] - There were no arrangements made for directors or senior executives to benefit from purchasing shares or related securities during the reporting period[98] Share Capital and Options - The total issued and paid-up share capital increased to HKD 100,000,000 as of March 31, 2025, from HKD 20,000,000 as of October 1, 2023, reflecting a fivefold increase[65] - The company has granted a total of 44,600,000 share options under the share option scheme since its adoption, equivalent to 1,784,000 shares post-share consolidation[66] - As of March 31, 2025, there are 600,000 unexercised stock options available for issuance under the stock option plan[101] Operational Highlights - Employee costs for continuing operations rose to HKD 34,267,000, up from HKD 30,268,000, reflecting an increase of 13.2%[36] - Administrative and other operating expenses decreased by approximately HKD 5,500,000 or 10.5% to about HKD 46,700,000, down from approximately HKD 52,200,000 in the six months ended March 31, 2024[84] - Financial costs decreased from approximately HKD 700,000 to about HKD 500,000, primarily due to a reduction in interest-bearing borrowings and lease liabilities[85] Market and Future Outlook - The report reflects the company's ongoing commitment to transparency and accountability in its operations[111] - The executive team is actively engaged in assessing market conditions and adjusting strategies accordingly[111]
亦辰集团(08365) - 2025 - 中期财报