Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 29,010,000, a decrease of 22.4% compared to HKD 37,412,000 in the same period of 2024[5] - The net loss for the period was HKD 2,469,000, an improvement of 42.5% from a loss of HKD 4,302,000 in the prior year[8] - Basic and diluted loss per share improved to HKD 0.15 from HKD 0.27 year-on-year[5] - Total revenue for the six months ended September 30, 2025, was approximately HKD 29,000,000, a decrease of 22.5% compared to HKD 37,400,000 in the same period of 2024[50] - The group reported a pre-tax loss of HKD 4,305,000 for the six months ended September 30, 2025, compared to a pre-tax loss of HKD 2,473,000 for the same period in 2024[26] - The total net loss decreased from approximately HKD 4,300,000 in the same period last year to about HKD 2,500,000 this period, primarily due to an increase in gross profit to approximately HKD 9,300,000, a reduction in sales commissions by about HKD 1,200,000, and a decrease in employee costs by about HKD 1,300,000[53] Revenue Breakdown - Revenue from the circuit board business was approximately HKD 8,500,000, down 32.0% from HKD 12,500,000 in the previous year[50] - Revenue from the printing business was approximately HKD 20,500,000, a decrease of 17.7% from HKD 24,900,000 in the same period last year[50] - The group’s revenue from customers in Hong Kong decreased to HKD 14,971,000 for the six months ended September 30, 2025, down from HKD 22,077,000 in 2024[23] Asset Management - Total assets decreased to HKD 70,946,000 from HKD 73,519,000 as of March 31, 2025[10] - Non-current assets decreased to HKD 70,088,000 from HKD 48,409,000, indicating a significant increase in long-term investments[9] - Trade receivables increased to HKD 8,814,000 from HKD 6,343,000, indicating a potential increase in sales or credit terms[9] - Trade receivables from third parties increased to HKD 8,902,000 as of September 30, 2025, compared to HKD 6,512,000 as of March 31, 2025[36] - The provision for trade receivables decreased to HKD 88,000 as of September 30, 2025, from HKD 169,000 as of March 31, 2025[38] Cost and Expenses - Total administrative expenses increased to HKD 4,114,000 for the six months ended September 30, 2025, from HKD 2,257,000 in 2024[21] - The total employee cost, including directors' remuneration, was approximately HKD 12,500,000 for the period, down from approximately HKD 15,100,000 for the six months ended September 30, 2024[61] Investments and Acquisitions - The company completed the acquisition of approximately 15.12% equity interest in Beijing Weihang Yining Health Management Group for approximately HKD 30,495,000[35] - The company provided a loan of approximately HKD 19,800,000 to Noricap Fund for investment purposes[52] - The company entered a joint venture agreement to acquire 40% equity in Noricap Fund, providing approximately HKD 19,800,000 for stable return investments[74] Corporate Governance - The company has complied with all applicable corporate governance codes, except for the separation of roles between the chairman and CEO[77] - The company has not appointed a CEO, with daily operations managed by executive directors and senior management[78] - The board of directors includes a mix of executive, non-executive, and independent non-executive directors[88] Shareholder Information - As of September 30, 2025, the company has issued a total of 1,613,287,570 shares[80] - Spring Global Enterprises Limited holds 280,000,000 shares, representing 17.36% of the total issued shares[82] - Wu Wencan holds a total of 420,988,000 shares, accounting for 26.1% of the total issued shares[82] - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[84] Future Outlook - The PCB business segment showed improved sales trends compared to Q1 2025, but overall consumer spending remains under pressure due to geopolitical tensions and inflation[69] - The printing business segment experienced a rebound in sales compared to Q1 2025, yet demand continues to face challenges amid a complex macroeconomic environment[70] - The company is actively seeking trade opportunities with reliable partners in the oil and energy products trading segment, aiming to restore trading operations[73] - There are no major investments or capital asset acquisitions planned for the next twelve months[63] Miscellaneous - The group did not declare any interim dividend for the six months ended September 30, 2025[28] - The interim results for the period have not been audited by external auditors but have been reviewed by the audit committee[86] - The interim report for the six months ending September 30, 2025, will be distributed to shareholders and published on the company's website[87]
大昌微线集团(00567) - 2026 - 中期业绩