Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 35,055,000, a decrease of 23.5% compared to HKD 45,799,000 for the same period in 2024[4] - Gross profit for the same period was HKD 21,454,000, down 19.0% from HKD 26,515,000 in 2024[4] - Operating profit decreased to HKD 8,896,000, a decline of 32.3% from HKD 13,165,000 in the previous year[4] - Profit attributable to owners of the company was HKD 7,432,000, down 31.5% from HKD 10,918,000 in 2024[4] - Basic and diluted earnings per share were HKD 0.74, compared to HKD 1.09 for the same period last year, representing a decrease of 32.0%[4] - The group's profit before tax for the six months ended September 30, 2025, was HKD 7,432,000, a decrease of 31.5% compared to HKD 10,918,000 for the same period in 2024[16] - For the six months ending September 30, 2025, the company recorded revenue of approximately HKD 35.1 million, a decrease of about 23.4% from HKD 45.8 million for the same period in 2024[27][34] - The profit attributable to the company's owners for the same period was approximately HKD 7.4 million, down about 31.9% from HKD 10.9 million in 2024[27][38] Assets and Liabilities - The company's non-current assets increased to HKD 19,883,000 as of September 30, 2025, up from HKD 16,892,000 as of March 31, 2025[5] - Current assets rose to HKD 103,180,000, compared to HKD 98,297,000 at the end of March 2025[5] - The net current asset value increased to HKD 88,848,000 from HKD 84,772,000 in the previous period[5] - The company reported a significant increase in trade and other receivables, which rose to HKD 8,986,000 from HKD 5,603,000[5] - The net trade receivables increased to HKD 7,464,000 as of September 30, 2025, compared to HKD 3,244,000 as of March 31, 2025, reflecting a growth of 130.5%[19] - Trade and other payables amounted to HKD 7,747,000 as of September 30, 2025, a slight decrease from HKD 8,008,000 as of March 31, 2025[21] - The total equity attributable to the company's owners increased to approximately HKD 108.3 million as of September 30, 2025, from HKD 100.4 million as of March 31, 2025[44] Expenses - Employee benefits expenses totaled HKD 11,126,000 for the six months ended September 30, 2025, slightly down from HKD 11,260,000 in 2024, representing a decrease of 1.2%[12] - The income tax expense for the six months ended September 30, 2025, was HKD 1,384,000, a reduction of 35.5% from HKD 2,143,000 in 2024[13] - Administrative expenses decreased by approximately 9.7% to HKD 13.1 million from HKD 14.5 million in 2024, mainly due to reduced depreciation expenses[36] - The group’s financing costs related to lease liabilities decreased to HKD 80,000 for the six months ended September 30, 2025, from HKD 104,000 in 2024, a decline of 23.1%[11] Business Operations - The company continues to focus on sales of LED lighting devices and audio-visual systems, as well as providing integrated LED lighting solutions and maintenance services[9] - Revenue from the sale of LED lighting devices decreased by approximately 16.9% to HKD 31.5 million from HKD 37.9 million in the previous year, primarily due to a reduction in project numbers in China[29] - Revenue from LED lighting system consulting and maintenance services increased by approximately 55.5% to HKD 2.8 million from HKD 1.8 million in 2024, driven by increased repair requests from existing customers[31] Capital Expenditures and Investments - The group purchased property, plant, and equipment at a cost of approximately HKD 4.1 million for the six months ended September 30, 2025, down from HKD 7.7 million for the previous year[18] - The group incurred capital expenditures of approximately HKD 4.1 million for property, plant, and equipment during the six months ended September 30, 2025, compared to approximately HKD 7.7 million for the previous fiscal year[51] - The group completed the acquisition of two properties in Osaka, Japan, for a total consideration of JPY 139.5 million (approximately HKD 6.84 million) on February 28, 2025[54] - Another property acquisition in Osaka was completed for JPY 42.3 million (approximately HKD 2.28 million) on July 25, 2025[55] - A third property acquisition in Osaka was finalized for JPY 33 million (approximately HKD 1.75 million) on July 25, 2025[56] - As of September 30, 2025, the group had no significant investments or major acquisitions of subsidiaries or associates during the reporting period[57] Corporate Governance - The board is committed to maintaining high corporate governance standards, with a clear separation of responsibilities between the chairman and CEO[70] - The company has established a code of conduct for directors regarding securities trading, ensuring compliance with GEM listing rules[66] - No directors or major shareholders have any competing business interests as of September 30, 2025[67] - The audit committee has reviewed the unaudited condensed consolidated results for the six months ending September 30, 2025, ensuring compliance with applicable accounting standards[73] Shareholder Information - Garage Investment holds 51.00% of the company's shares, equivalent to 510,000,000 shares[64] - No stock options have been granted or exercised under the stock option plan since its adoption[65] - The company did not issue any equity securities or sell treasury shares for cash during the six months ending September 30, 2025[68] - There were no purchases, sales, or redemptions of the company's listed securities during the same period[69] - The company maintains sufficient public float as of the announcement date[72] Employee Information - The group employed a total of 63 staff members as of September 30, 2025, down from 66 as of March 31, 2025[58] - The group has established a defined contribution plan for eligible employees in Hong Kong and a "five insurances and one fund" retirement plan for employees in China[60] Other Information - The group did not declare or pay any dividends for the six months ended September 30, 2025, consistent with the same period in 2024[17] - The company has no plans to declare an interim dividend for the six months ending September 30, 2025[39] - The group maintained a healthy liquidity position throughout the period by adopting a conservative treasury policy[46] - As of September 30, 2025, the group had no pledged assets, consistent with the previous period[49] - There were no significant events occurring after the reporting period up to the date of this announcement[59] - No significant subsequent events have occurred after the reporting period up to the announcement date[71]
英马斯集团(08136) - 2026 - 中期业绩