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 last year[7]. - 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[7]. - 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 last year[7]. - Total comprehensive income for the period was approximately HK$5,023,000, compared to HK$4,754,000 for the same period last year[10]. - Basic and diluted profit per share from continuing operations was HK$0.24 cents, down from HK$0.29 cents in the previous year[10]. - Profit for the period amounted to HK$6,632,000, compared to HK$3,607,000 in the previous period, indicating an increase of approximately 83.5%[15]. - Total comprehensive income for the period reached HK$7,707,000, up from HK$3,607,000, marking a growth of about 114.5%[15]. - The Group recorded a profit of approximately HK$3,948,000 for the six months ended 30 September 2025, a decrease from HK$4,266,000 for the same period in 2024[134]. Assets and Liabilities - Non-current assets totaled approximately HK$246,237,000 as of 30 September 2025, compared to HK$244,063,000 as of 31 March 2025[12]. - Current assets decreased to approximately HK$126,585,000 as of 30 September 2025, down from HK$144,805,000 as of 31 March 2025[12]. - Total current liabilities decreased from HK$54,462,000 to HK$30,710,000, a reduction of approximately 43.6%[13]. - Net current assets increased from HK$90,343,000 to HK$95,875,000, reflecting a growth of about 6%[13]. - Total equity rose from HK$334,066,000 to HK$341,772,000, an increase of approximately 2.1%[13]. - Total liabilities decreased to HK$31,050,000 as of 30 September 2025 from HK$54,802,000 as of 31 March 2025, indicating a reduction of approximately 43.3%[50]. - The total assets less current liabilities increased from HK$334,406,000 to HK$342,112,000, an increase of approximately 2.1%[13]. Cash Flow - For the six months ended September 30, 2025, net cash used in operating activities was HK$893,000, a decrease from HK$6,537,000 generated in the same period of 2024[31]. - 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 prior year[31]. - Cash and cash equivalents were approximately HK$26,412,000 as of 30 September 2025, compared to HK$27,315,000 as of 31 March 2025[12]. - The Group's cash and cash equivalents amounted to approximately HK$26,412,000 as of 30 September 2025, down from HK$27,315,000 as of 31 March 2025[149]. Segment Performance - For the six months ended 30 September 2025, external sales in the Gold and Jewellery Business were HK$27,922,000, a decrease from HK$40,472,000 in the same period of 2024, representing a decline of approximately 30.9%[47]. - The Lending Business generated external sales of HK$50,000 for the six months ended 30 September 2025, compared to HK$311,000 in 2024, indicating a significant decrease of approximately 83.9%[47]. - The Property Management Services Business reported external sales of HK$16,838,000 for the six months ended 30 September 2025, down from HK$7,768,000 in 2024, reflecting an increase of approximately 116.5%[47]. - The segment results for the Gold and Jewellery Business showed a loss of HK$48,000 for the six months ended 30 September 2025, compared to a profit of HK$3,204,000 in 2024[47]. - Profit before tax for the Group was HK$5,016,000 for the six months ended 30 September 2025, compared to a loss before tax of HK$5,684,000 in 2024[47]. Dividends and Recommendations - The Board does not recommend the payment of any interim dividend for the six months ended 30 September 2025[7]. - The Group does not recommend the payment of an interim dividend for the six months ended 30 September 2025, consistent with the previous year[124]. Business Operations - The Group's principal activities include trading of gold and jewellery products, property management, and money lending services[32]. - The Group's operating segments include Gold and Jewellery Business, Lending Business, and Property Management Services Business[39]. - The Group acquired Shenzhen China Brilliant Property Services Company Limited on October 5, 2023, to expand its Property Management Services Business[170]. - Shenzhen CBPS focuses on property management for the producer services industrial zone and provides IoT-related technology development and solutions[171]. - The Group intends to increase its sales efforts in South China to identify more jewellery wholesaler customers and expand its secondary gold sales agency business[167]. - The Group aims to raise the sales proportion to major high-end corporate customers to increase jewellery sales and generate profits[167]. Risk Management - The Group applies the general approach under HKFRS 9, utilizing a "three-stage model" for determining expected credit loss (ECL) on loan receivables[194]. - The allowance for ECL is derived from gross credit exposure, recovery rate, and probability of default[196]. - CBG Finance conducts monthly reviews of loan performance and overall risk profiles of its loan portfolios[188]. - The Group conducted internal risk assessments on loan arrangements, noting that borrowers have substantial investments and assets in the PRC, supporting their financial capability to repay the loans[199]. Other Financial Information - The Group's unaudited consolidated results are prepared in accordance with Hong Kong Financial Reporting Standards and are presented in Hong Kong dollars[33]. - The Group has not adopted any new standards or interpretations that are not yet effective for the current accounting period[37]. - The carrying amounts of the Group's financial assets and liabilities carried at amortised cost were not materially different from their fair values as at 30 September 2025[119]. - There were no significant events after the reporting period[120].
朗华国际集团(08026) - 2026 - 中期财报