金力集团(03919) - 2025 - 中期业绩

Financial Highlights This section summarizes the company's key financial performance indicators and operational highlights Financial Highlights The Group experienced a slight revenue increase but an expanded loss attributable to equity holders due to declining gross profit Financial Highlights | Metric | June 30, 2025 (million HKD) | June 30, 2024 (million HKD) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 159.20 | 157.55 | +1.05% | | Loss attributable to equity holders of the Company | (3.16) | (2.87) | +10.10% | | Gross profit margin | 19.60% | 24.67% | -5.07 percentage points | | Basic loss per share (HK cents) | (11.37) | (10.61) | +7.16% | - The gross profit margin decreased primarily due to increased raw material costs from global commodity price fluctuations and higher production costs from the appreciation of RMB against HKD[2] - The Board resolved not to declare an interim dividend for the six months ended June 30, 2025[2] Interim Results This section presents the Group's condensed consolidated financial statements, including income, financial position, cash flow, and equity changes Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income Group revenue slightly increased, but a significant rise in cost of sales led to a substantial drop in gross profit, expanding the loss attributable to equity holders Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | Metric | June 30, 2025 (thousand HKD) | June 30, 2024 (thousand HKD) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 159,200 | 157,548 | +1.05% | | Cost of sales | (127,992) | (118,687) | +7.84% | | Gross profit | 31,208 | 38,861 | -19.69% | | Loss before income tax | (3,646) | (3,131) | +16.45% | | Loss for the period | (3,255) | (2,865) | +13.61% | | Loss for the period attributable to equity holders of the Company | (3,155) | (2,865) | +10.12% | - Total comprehensive loss for the period narrowed from (HKD 4,097 thousand) in the same period of 2024 to (HKD 1,389 thousand) in 2025, mainly due to a favorable change in exchange differences from loss to income[3][4] Condensed Consolidated Statement of Financial Position As of June 30, 2025, total assets and net assets increased, but net current liabilities remained negative, indicating short-term liquidity pressure Condensed Consolidated Statement of Financial Position | Metric | June 30, 2025 (thousand HKD) | December 31, 2024 (thousand HKD) | Change (%) | | :--- | :--- | :--- | :--- | | Non-current assets | 498,853 | 490,802 | +1.64% | | Current assets | 176,249 | 165,263 | +6.65% | | Current liabilities | 319,449 | 346,930 | -7.92% | | Net current liabilities | (143,200) | (181,667) | -21.29% | | Non-current liabilities | 65,458 | 22,286 | +193.72% | | Net assets | 290,195 | 286,849 | +1.16% | | Total equity attributable to equity holders of the Company | 289,995 | 286,549 | +1.20% | - Cash and bank balances decreased by 57.59% from HKD 31,493 thousand as of December 31, 2024, to HKD 13,353 thousand as of June 30, 2025[5] Condensed Consolidated Statement of Cash Flows For the six months ended June 30, 2025, operating activities shifted from net inflow to net outflow, increasing investing cash outflow and significantly reducing financing cash outflow, resulting in a net decrease of HKD 15.877 million in cash and cash equivalents Condensed Consolidated Statement of Cash Flows | Metric | June 30, 2025 (thousand HKD) | June 30, 2024 (thousand HKD) | Change | | :--- | :--- | :--- | :--- | | Net cash (used in) / generated from operating activities | (6,021) | 21,761 | Shift from inflow to outflow | | Net cash used in investing activities | (7,741) | (5,898) | Outflow increased (+31.25%) | | Net cash used in financing activities | (2,115) | (15,326) | Outflow decreased (-86.20%) | | Net (decrease) increase in cash and cash equivalents | (15,877) | 537 | Shift from increase to decrease | | Cash and cash equivalents at end of period | 13,353 | 23,374 | -42.87% | Condensed Consolidated Statement of Changes in Equity As of June 30, 2025, the company's total equity slightly increased, primarily due to share issuance, despite negative impacts from period loss and exchange reserve changes - Total equity attributable to equity holders of the Company as of June 30, 2025, was HKD 289,995 thousand, an increase from HKD 286,549 thousand as of January 1, 2025[8] - Loss for the period was (HKD 3,155 thousand), with (HKD 100 thousand) attributable to non-controlling interests[8] - Exchange differences arising from the translation of financial statements of overseas operations amounted to HKD 1,866 thousand, positively impacting equity[8] - Share issuance resulted in an increase of HKD 1,080 thousand in share capital and HKD 3,655 thousand in share premium, totaling HKD 4,735 thousand[8] Notes to the Financial Statements This section provides detailed notes and disclosures supporting the condensed consolidated financial statements 1. General Information Golden Power Group Holdings Limited primarily manufactures and sells various batteries, including primary and rechargeable types, across China, Hong Kong, and international markets, actively developing environmentally friendly products - The Group's principal activities are the manufacture and sale of various types of batteries for electronic devices, including primary batteries (cylindrical and micro button cells) and rechargeable batteries, and other battery-related products[9] - Products are widely used in electric toys, watches, remote controls, alarm clocks, healthcare products, and computers[10] - The Group has developed mercury-free, cadmium-free, and lead-free batteries to align with the global trend towards environmentally friendly battery markets[10] 2. Basis of Preparation of Financial Statements The interim financial statements are prepared in accordance with HKAS 34 and Appendix D2 of the Listing Rules on a going concern basis, despite a period loss and net current liabilities, supported by available financing and renewal capabilities - The interim financial statements have been prepared in accordance with the applicable disclosure requirements of Appendix D2 to the Listing Rules of the Stock Exchange of Hong Kong Limited and Hong Kong Accounting Standard 34 "Interim Financial Reporting