Financial Performance - The Group's revenue for the six months ended 30 September 2025 was approximately HK$44,810,000, representing a decrease of approximately 7.7% compared to the same period in the previous financial year[8]. - The Group's gross profit for the same period was approximately HK$11,620,000, an increase of approximately HK$3,771,000 compared to the previous year[8]. - Profit attributable to owners of the Company for the six months ended 30 September 2025 was approximately HK$3,948,000, down from HK$4,266,000 in the same period of 2024[8]. - Total comprehensive income for the period was approximately HK$5,023,000, compared to HK$4,754,000 for the same period in 2024[11]. - Basic and diluted profit per share from continuing operations was HK$0.24 cents, down from HK$0.29 cents in the previous year[11]. - Profit before tax for the period was approximately HK$5,016,000, compared to HK$5,684,000 for the same period in 2024[10]. - The company reported a profit for the period of HK$3,607,000 for the six months ended September 30, 2025[16]. - The Group recorded a profit of approximately HK$3,948,000 for the six months ended 30 September 2025, compared to a profit of approximately HK$4,266,000 for the same period last year[135]. Revenue Breakdown - For the six months ended September 30, 2025, the Group's total revenue from continuing operations was HK$44,810,000, a decrease from HK$48,551,000 for the same period in 2024, representing a decline of approximately 5.4%[48]. - The Gold and Jewellery Business generated external sales of HK$27,922,000, while the Lending Business and Property Management Services Business contributed HK$50,000 and HK$16,838,000 respectively[48]. - Revenue from the Group's Jewellery Business decreased by HK$12,550,000, while revenue from the Lending Business decreased by HK$260,000[126]. - Revenue from Property Management Services increased by HK$9,070,000 during the review period[126]. Expenses and Costs - The Group's cost of sales for the six months ended 30 September 2025 was approximately HK$33,190,000, compared to HK$40,702,000 in the previous year[10]. - Administrative expenses increased to approximately HK$8,045,000 from HK$5,173,000 in the same period of 2024[10]. - Selling expenses decreased by approximately HK$10,000 from approximately HK$23,000 for the six months ended 30 September 2024 to approximately HK$13,000 for the six months ended 30 September 2025[133]. - Other gains and losses, net, increased from approximately HK$102,000 (gains) for the six months ended 30 September 2024 to approximately HK$1,703,000 (gains) for the six months ended 30 September 2025, primarily due to fair value changes of financial assets[132]. Assets and Liabilities - Total non-current assets increased to HK$246,237,000 as of September 30, 2025, up from HK$244,063,000 as of March 31, 2025, representing a growth of 0.89%[13]. - Current assets decreased to HK$126,585,000 as of September 30, 2025, down from HK$144,805,000 as of March 31, 2025, reflecting a decline of 12.57%[13]. - Total current liabilities significantly reduced to HK$30,710,000 as of September 30, 2025, compared to HK$54,462,000 as of March 31, 2025, a decrease of 43.73%[14]. - Total liabilities decreased significantly from HK$54,802,000 as of March 31, 2025, to HK$31,050,000 as of September 30, 2025[51]. - The Group's total equity rose to HK$341,772,000 as of September 30, 2025, from HK$334,066,000 as of March 31, 2025, marking an increase of 2.11%[14]. Cash Flow and Financing - For the six months ended September 30, 2025, the net cash used in operating activities was HK$ (893,000), a decrease from HK$ 6,537,000 in the same period of 2024[32]. - Cash flows from investing activities resulted in a net cash outflow of HK$ (1,636,000), compared to a net inflow of HK$ 5,037,000 in the previous year[32]. - The company reported a net cash outflow from financing activities of HK$ (144,000), a significant decrease from HK$ (6,034,000) in the prior period[32]. - Cash and cash equivalents slightly decreased to HK$26,412,000 as of September 30, 2025, from HK$27,315,000 as of March 31, 2025, a decline of 3.30%[13]. Dividends and Share Capital - The Board does not recommend the payment of any interim dividend for the six months ended 30 September 2025[8]. - The share capital increased to HK$153,447,000 as of September 30, 2025, compared to HK$151,844,000 as of March 31, 2025, an increase of 1.06%[14]. - The number of issued and fully paid ordinary shares increased to 1,534,471,000 as of 30 September 2025, up from 1,518,443,000 as of 31 March 2025[106]. Business Segments and Operations - The Group continues to focus on developing its Gold and Jewellery Business, aiming to expand sales channels in South China[168][169]. - The Group acquired Shenzhen China Brilliant Property Services Company Limited to broaden its income sources in the Property Management Services Business[171]. - The Lending Business focuses on short-term loans with interest rates ranging from 5% to 8% per annum, primarily targeting electronic device manufacturers[184]. - The Group is considering further expansion in the Lending Business, closely monitoring market conditions and the external economic environment[183]. Risk and Compliance - The Group has no material contingent liabilities as of September 30, 2025[153][157]. - CBG Finance has a stringent credit assessment policy that is effective in assessing potential benefits and risks of loan transactions[198]. - The Group applies the general approach under HKFRS 9 for expected credit loss (ECL) assessment, which includes both 12-month ECL and lifetime ECL[195].
朗华国际集团(08026) - 2026 - 中期业绩