Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 85,593,000, representing an increase of 13.3% compared to HKD 75,301,000 for the same period in 2024[4] - Gross profit for the same period was HKD 15,089,000, up from HKD 13,511,000, indicating a growth of 11.7%[4] - The operating loss decreased to HKD 5,437,000 from HKD 7,751,000, showing an improvement of 30%[4] - The net loss attributable to equity holders for the period was HKD 53,314,000, compared to HKD 31,773,000 in the previous year, reflecting a significant increase in losses[4] - Basic and diluted loss per share was HKD 0.26, compared to HKD 0.15 for the same period last year[4] - The group reported a loss before tax of HKD 53,688,000 for the six months ended September 30, 2025, compared to a loss of HKD 32,180,000 in the same period of 2024[14] - The company reported a total comprehensive loss of HKD 42,730,000 for the period, compared to HKD 14,145,000 in the previous year[5] - The company recorded a gross profit of HKD 15,089,000, up 12% from HKD 13,511,000 year-on-year, maintaining a gross margin of 18%[32] - Operating loss improved by 30% to HKD 5,437,000 from HKD 7,751,000 in the previous year, with an operating margin of -6% compared to -10%[32] Assets and Liabilities - Total assets decreased to HKD 924,167,000 from HKD 974,508,000, a decline of 5.2%[6] - The group’s total assets as of September 30, 2025, were HKD 1,011,596,000, a decrease from HKD 1,049,570,000 as of March 31, 2025[13] - Current liabilities increased to HKD 63,891,000 from HKD 49,767,000, representing a rise of 28.4%[6] - Inventory levels rose significantly to HKD 17,582,000 from HKD 8,734,000, an increase of 101.0%[6] - Accounts receivable and other receivables totaled HKD 32,145,000 as of September 30, 2025, an increase from HKD 24,375,000 as of March 31, 2025[27] - The company had no short-term or long-term borrowings as of September 30, 2025[34] Revenue Sources - Revenue from garment manufacturing and sales was HKD 84,064,000, up 15% from HKD 73,088,000 in the previous year[11] - Revenue for the six months ended September 30, 2025, was HKD 85,593,000, an increase of 13.4% compared to HKD 75,301,000 for the same period in 2024[11] - The group’s revenue from external customers in Europe was HKD 59,232,000, a decrease from HKD 66,078,000 in the previous year[16] - Total rental income from investment properties decreased to HKD 1,507,000 from HKD 1,836,000, a decline of 17.9%[11] Investment Properties - The valuation loss on investment properties was HKD 243,000, compared to HKD 8,957,000 in the previous year, indicating a substantial reduction in losses[4] - The group reported a net loss from investment property valuation of HKD 243,000, compared to a loss of HKD 8,957,000 in the previous year[14] - The company recorded a net valuation loss related to investment properties of HKD 243,000 for the period, significantly lower than the valuation loss of HKD 8,957,000 for the same period in 2024[26] Dividends and Shareholder Information - The group did not declare an interim dividend for the six-month period ended September 30, 2025, compared to no dividend declared in the same period of 2024[19] - The company did not declare an interim dividend for the six months ended September 30, 2025, compared to no dividend declared in the same period of 2024[31] - The interim report for the six months ending September 30, 2025, will be sent to shareholders and published on the company's website[42] - The company is committed to transparency and will continue to publish performance announcements on the Hong Kong Stock Exchange website[42] Corporate Governance - The board of directors consists of six executive directors and three independent non-executive directors[43] - The company employed approximately 133 employees as of September 30, 2025, with compensation packages based on performance and market salary levels[37] - The company has adopted a securities trading code for directors that meets or exceeds the standards set out in the Listing Rules Appendix C3[41] - All directors have confirmed compliance with the securities trading code during the review period[41] Financing Costs - The group incurred financing costs of HKD 271,000, down from HKD 345,000 in the previous year[14] - The company’s cash and cash equivalents as of September 30, 2025, were approximately HKD 318,924,000, down from HKD 332,136,000 as of March 31, 2025[34]
长江制衣(00294) - 2026 - 中期业绩