Financial Performance - The company reported revenue of HKD 28,176,000 for the six months ending June 30, 2025, representing a 8.7% increase from HKD 25,921,000 in the same period of 2024[4] - Gross profit for the same period was HKD 19,280,000, up 37.5% from HKD 14,034,000 year-over-year[4] - The net loss for the six months was HKD 2,385,000, compared to a net loss of HKD 1,609,000 in the previous year, indicating a deterioration in performance[4] - The company reported a basic and diluted loss per share of HKD 0.53 for the period, compared to HKD 0.23 in the previous year[4] - The group reported revenue of HKD 28,176,000 for the six months ended June 30, 2025, compared to HKD 25,921,000 for the same period in 2024, representing an increase of approximately 8.7%[18] - The total operating profit for the group was HKD 6,481,000 for the six months ended June 30, 2025, compared to HKD 1,422,000 in the previous year, reflecting a substantial improvement[19] - The group incurred a net loss before tax of HKD 2,575,000 for the six months ended June 30, 2025, compared to a loss of HKD 1,681,000 in the same period of 2024, indicating a worsening financial position[19] Assets and Liabilities - Total assets decreased to HKD 107,363,000 as of June 30, 2025, down from HKD 113,445,000 at the end of 2024[7] - The company's cash and bank balances stood at HKD 62,616,000, slightly down from HKD 63,463,000 at the end of 2024[7] - Total liabilities decreased to HKD 63,143,000 from HKD 67,766,000, indicating improved financial leverage[8] - The company’s equity attributable to shareholders decreased to HKD 37,019,000 from HKD 39,638,000 year-over-year[7] - The group’s total liabilities as of June 30, 2025, were approximately HKD 40,545,000, a decrease from HKD 45,011,000 as of December 31, 2024[35] - As of June 30, 2025, total assets were approximately HKD 107,363,000, with total liabilities of about HKD 22,737,000, resulting in a debt-to-asset ratio of approximately 21.18%[55] - The debt-to-equity ratio was approximately 61% as of June 30, 2025, down from 63% at the end of the previous year[56] Segment Performance - The healthcare and medical segment generated revenue of HKD 6,954,000 for the six months ended June 30, 2025, up from HKD 1,882,000 in the previous year, indicating significant growth[19] - The beauty and fitness segment reported a loss of HKD 473,000 for the six months ended June 30, 2025, compared to a loss of HKD 460,000 in the same period of 2024, showing a slight increase in losses[19] Expenses and Costs - Direct costs and operating expenses were approximately HKD 8,896,000, a decrease of about 25.16% from HKD 11,887,000 in 2024, primarily due to reduced goods costs[44] - Sales expenses were approximately HKD 6,803,000, an increase of about 1.81% from HKD 6,682,000 in 2024[46] - Administrative expenses for the period were approximately HKD 10,083,000, a decrease of about 14.28% compared to the same period last year[47] - The company’s employee benefit expenses were HKD 11,451,000 for the six months ended June 30, 2025, slightly down from HKD 12,488,000 in the same period of 2024, a decrease of 8.3%[24] Impairment and Losses - The company incurred impairment losses of HKD 3,408,000 related to trademark rights and professional skills, which were not present in the previous year[4] - The impairment loss for the cash-generating unit in the beauty and fitness business was approximately HKD 3,408,000, with a total of HKD 2,149,000 attributed to property, plant, and equipment[48] Governance and Compliance - The company confirms compliance with the corporate governance code, with recent appointments ensuring adherence to the required standards[70] - The audit committee consists of three independent non-executive directors, including Ms. Marsha (Chair), Mr. Wu Hong, and Mr. Wang Chunlin, with Ms. Marsha holding recognized accounting qualifications[73] - The unaudited condensed consolidated financial statements for the period have been reviewed by the audit committee, which believes that the statements comply with applicable accounting standards and listing rules[73] Future Plans and Strategy - The group aims for stable revenue growth while reducing unnecessary expenses and improving profitability without committing to any major acquisitions or expansion plans at this time[42] - The group plans to utilize the remaining HKD 42.4 million from the 2020 rights issue for management expenses if suitable acquisition targets are not identified[54] Miscellaneous - The company did not declare any dividends for the six months ended June 30, 2025, consistent with the previous year[29] - The group employs 162 employees in Hong Kong and China as of June 30, 2025[67] - There are no significant ongoing or threatened litigations against the company or its subsidiaries[68] - The company has engaged an external consultant for internal audit functions due to the absence of an internal audit capability[71] - The group did not engage in any capital raising activities during the period[51] - There were no acquisitions or disposals of subsidiaries during the period[58]
格林国际控股(02700) - 2025 - 中期业绩