Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 123,889,000, a significant increase from HKD 49,113,000 in the same period of 2024, representing a growth of 152%[4] - The cost of sales for the same period was HKD 121,681,000, compared to HKD 48,993,000 in 2024, indicating a rise of 148%[4] - The net loss for the period was HKD 4,634,000, an improvement from a loss of HKD 5,345,000 in the previous year, reflecting a reduction of 13%[4] - The group reported a total loss before tax of HKD 4,397,000 for the six months ended September 30, 2025, compared to a loss of HKD 5,477,000 for the same period in 2024, showing an improvement in financial performance[25] - The group reported a loss of approximately HKD 4,634,000 for the six months ended September 30, 2025, a 13% decrease from a loss of HKD 5,345,000 in the same period of 2024, attributed to improved performance in the mining and metals business and profitability in the software segment[66] Assets and Liabilities - Total assets as of September 30, 2025, amounted to HKD 157,874,000, up from HKD 86,489,000 as of March 31, 2025, showing an increase of 83%[5] - Current liabilities increased to HKD 94,224,000 from HKD 18,026,000, representing a rise of 422%[5] - The company’s total liabilities increased to HKD 889,166,000 as of September 30, 2025, compared to HKD 877,806,000 at the end of the previous period, reflecting an increase of approximately 1.5%[6] - The group’s total liabilities increased to HKD 98,702,000 as of September 30, 2025, compared to HKD 22,416,000 as of March 31, 2025, indicating a rise in financial obligations[19] Cash Flow and Investments - The company reported a net cash outflow from operating activities of HKD 12,236,000, compared to a net outflow of HKD 1,342,000 for the same period in 2024[8] - Cash inflow from customers increased significantly to HKD 105,234,000, up from HKD 47,592,000 in the previous year, indicating a growth of approximately 121%[8] - The company incurred a total of HKD 231,000 related to the share options granted during the six months ended September 30, 2024[46] - The company’s investment activities resulted in a net cash outflow of HKD 11,344,000 for the six months ended September 30, 2025, compared to a net inflow of HKD 32,921,000 in the same period of 2024[8] Equity and Shareholder Information - The company's equity attributable to owners was HKD 54,624,000, down from HKD 57,041,000, reflecting a decrease of 4%[5] - The company reported a total equity attributable to owners of HKD 36,533,000 as of September 30, 2025, compared to HKD 40,054,000 at the end of the previous period, indicating a decline of approximately 9%[6] - The issued and fully paid ordinary shares remained at 505,932,270 shares as of both September 30, 2025, and March 31, 2025[39] - As of September 30, 2025, the total shares held by executive director Chen Yihui amount to 148,302,360, representing 29.31% of the company's total shares[82] Segment Performance - The mining and metals segment generated external sales of HKD 88,608,000, while the software segment contributed HKD 35,281,000, indicating a diversified revenue stream[16] - The mining and metals segment reported a loss of HKD 1,443,000, while the software segment achieved a profit of HKD 131,000, highlighting the contrasting performance of the segments[16] - The software business generated segment revenue of HKD 35,281,000 for the six months ended September 30, 2025, compared to no revenue in the same period last year, with a segment profit of approximately HKD 131,000[60] Future Plans and Developments - The company plans to issue up to approximately HKD 30,000,000 through a rights issue at a subscription price of HKD 0.178 per share, issuing 168,644,090 shares[45] - The company completed the feasibility study report for the development of the Baishiquan copper-nickel mine phase II, obtaining preliminary verbal approval from relevant government departments for the report, pending finalization of the social stability report[51] - The company anticipates obtaining approval from the National Development and Reform Commission for the development of the second phase of the Baishiquan copper-nickel mine by the end of 2025, with construction expected to commence in the second half of 2026[54] - The company has initiated plans to tokenize silver bars to meet increasing market demand, with a formal application submitted to the Securities and Futures Commission on November 3, 2025, aiming for issuance by the end of the fiscal year ending March 31, 2026[55] Corporate Governance and Compliance - The company has complied with the corporate governance code as per GEM listing rules during the reporting period[95] - The audit committee consists of three independent non-executive directors who oversee financial reporting and internal controls[97] - The company has confirmed compliance with the trading regulations for directors during the reporting period[96]
天时资源(08028) - 2026 - 中期财报