Financial Performance - For the six months ended June 30, 2025, the company reported a revenue of HKD 116,135,000, a decrease of 27% compared to HKD 159,263,000 in the same period of 2024[6]. - Gross profit for the same period was HKD 13,986,000, down 45% from HKD 25,674,000 year-over-year[6]. - The company recorded a pre-tax loss of HKD 99,352,000, an improvement from a loss of HKD 155,776,000 in the previous year[6]. - The net loss for the period was HKD 67,703,000, compared to a net loss of HKD 140,569,000 in the same period last year[6]. - The group reported a total segment loss of HKD (86,815) thousand for the six months ended June 30, 2025, compared to a loss of HKD (147,312) thousand in the same period of 2024, indicating a reduction in losses[16][17]. - The company reported a basic and diluted loss per share of HKD 8.55, an improvement from HKD 17.75 in the previous year[6]. - The loss for the period was HKD 67,703,000, an improvement from a loss of HKD 140,569,000 in the same period last year[49]. Assets and Liabilities - Total assets decreased to HKD 1,726,201,000 from HKD 1,591,044,000 as of December 31, 2024[7]. - Current liabilities decreased slightly to HKD 962,459,000 from HKD 999,030,000[8]. - The company's total equity decreased to HKD 1,061,223,000 from HKD 1,113,116,000 as of December 31, 2024[8]. - The group's current liabilities exceeded current assets by approximately HKD 179,213 thousand, prompting the board to consider future liquidity carefully[12]. - As of June 30, 2025, the group's current assets were approximately HKD 783,246,000, down from HKD 1,040,716,000 on December 31, 2024[58]. - 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 on December 31, 2024[58]. Cash Flow and Liquidity - The company's cash and cash equivalents dropped significantly to HKD 190,388,000 from HKD 646,973,000[7]. - For the six months ended June 30, 2025, the net cash used in operating activities was HKD (38,308) thousand, an improvement from HKD (46,108) thousand in the same period of 2024[11]. - Total cash and cash equivalents decreased by HKD 460,849 thousand, resulting in a balance of HKD 190,388 thousand as of June 30, 2025, compared to HKD 642,898 thousand in 2024[11]. - The group had bank balances and cash of approximately HKD 612,971,000 as of June 30, 2025, compared to HKD 653,530,000 on December 31, 2024[57]. - The group had a total available bank credit of HKD 38,251,000 as of June 30, 2025, with a utilization rate of 0%[57]. Revenue Breakdown - The revenue from the household products segment was HKD 12,085,000, a decrease of 67.8% from HKD 37,494,000 year-on-year, resulting in a loss of HKD 17,104,000 for this segment[50]. - The revenue from the PVC pipes and fittings segment was HKD 103,373,000, down 14.1% from HKD 120,407,000, with a loss of HKD 15,614,000 recorded[50]. - Total rental income from investment properties decreased to HKD 472,000 for the six months ended June 30, 2025, down 30% from HKD 678,000 in 2024[25]. - The group's rental income for the six months ended June 30, 2025, was HKD 677 thousand, compared to HKD 1,362 thousand in 2024, reflecting a decline in rental revenue[16][17]. Investment Properties - The fair value loss on investment properties for the six months ended June 30, 2025, was HKD (58,872) thousand, significantly higher than the loss of HKD (820) thousand in 2024[19]. - The fair value of investment properties decreased by HKD 58,872,000 as of June 30, 2025, compared to a decrease of HKD 820,000 for the same period in 2024[31]. - The group recorded a fair value loss of HKD 58,872,000 on investment properties during the review period[50]. Employee and Compensation - The total employee compensation for the period was HKD 20,793,000, down from HKD 23,449,000 in the same period last year[61]. - The group employed approximately 459 staff as of June 30, 2025, down from 510 staff a year earlier[61]. Stock Options and Dividends - The company did not declare any interim dividends for the current period, consistent with the previous period[26]. - The board does not recommend the payment of any interim dividend for the six months ended June 30, 2025[49]. - The total number of stock options granted amounts to 46,890,000, with no options exercised during the reporting period[69]. Corporate Governance - The audit committee reviewed the accounting principles and practices adopted by the group, discussing the unaudited interim results for the six months ending June 30, 2025[73]. - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange's listing rules and complied with all applicable code provisions during the reporting period[74].
世界(集团)(00713) - 2025 - 中期财报