Financial Performance - For the six months ended June 30, 2025, the company reported a revenue of HKD 116,135,000, a decrease of 27.1% compared to HKD 159,263,000 for the same period in 2024[3] - The gross profit for the same period was HKD 13,986,000, down 45.5% from HKD 25,674,000 in 2024[3] - The company recorded a loss before tax of HKD 99,352,000, an improvement from a loss of HKD 155,776,000 in the previous year, representing a 36.2% reduction in losses[5] - The total comprehensive loss for the period was HKD 52,655,000, significantly lower than HKD 157,892,000 in the prior year[5] - The company reported a pre-tax loss of HKD 155,776,000 for the six months ended June 30, 2025, compared to a pre-tax loss of HKD 140,569,000 for the same period in 2024[24] - The group recorded a consolidated revenue of HKD 116,135,000 for the six months ended June 30, 2025, a decrease of 27.1% or HKD 43,128,000 compared to HKD 159,263,000 in the same period last year[34] - Gross profit for the period was HKD 13,986,000, down 45.5% or HKD 11,688,000 from HKD 25,674,000 year-on-year, with a gross margin of 12.0%, down 4.1% from 16.1%[34] - The group reported a loss of HKD 67,703,000 for the period, an improvement from a loss of HKD 140,569,000 in the previous year[34] Assets and Liabilities - The company's total assets decreased to HKD 1,726,201,000 from HKD 1,591,044,000 as of December 31, 2024, reflecting a growth of 8.5%[6] - Current liabilities were reported at HKD 962,459,000, down from HKD 999,030,000, indicating a reduction of 3.7%[7] - The net asset value of the company decreased to HKD 1,061,223,000 from HKD 1,113,116,000, a decline of 4.7%[7] - The company's inventory as of June 30, 2025, was HKD 101,208,000, a decrease of 6.4% from HKD 108,487,000[6] - Trade receivables, net of credit loss provisions, amounted to HKD 188,126,000 as of June 30, 2025, down from HKD 214,721,000 at the end of 2024[26] - Total trade and other payables were HKD 941,488,000 as of June 30, 2025, compared to HKD 975,635,000 at the end of 2024[27] - As of June 30, 2025, the group's current assets were approximately HKD 783,246,000, down from HKD 1,040,716,000 as of December 31, 2024[38] - The group's total equity decreased by 4.7% to HKD 1,061,223,000 as of June 30, 2025, compared to HKD 1,113,116,000 at the end of 2024[38] - The group had cash and bank deposits of approximately HKD 612,971,000 as of June 30, 2025, down from HKD 653,530,000 at the end of 2024[37] Dividends and Financial Costs - The company did not declare any interim dividends for the six months ended June 30, 2025[22] - The group has not proposed any interim dividend for the six months ended June 30, 2025[34] - The company incurred a total financial cost of HKD 4,100,000 for the six months ended June 30, 2025, a decrease from HKD 4,742,000 in 2024[17] - The company reported a total of HKD 31,649,000 in tax credits for the six months ended June 30, 2025, compared to HKD 15,207,000 in 2024[21] Business Segments - The company continues to focus on its core segments, including household products and PVC pipes, with total segment revenue of HKD 116,135,000 for the period[12] - The home products segment generated revenue of HKD 12,085,000, a decline of 67.8% from HKD 37,494,000 year-on-year, resulting in a loss of HKD 17,104,000[35] - Revenue from PVC pipes and fittings was HKD 103,373,000, down 14.1% from HKD 120,407,000, with a loss of HKD 15,614,000 recorded in this segment[35] Governance and Compliance - The company has adopted a set of standards for directors' securities trading that are less stringent than those outlined in the Listing Rules Appendix 10[45] - All directors have confirmed compliance with the adopted standards for securities trading conduct[45] - The board includes both executive and non-executive directors, ensuring a diverse governance structure[47] Economic Outlook - The board will assess the impact of the global economy on the group's business and implement appropriate cost control measures to improve operational efficiency[36]
世界(集团)(00713) - 2025 - 中期业绩