Financial Performance - The company reported revenue of HKD 12,208,000 for the six months ending September 30, 2025, a decrease of 88.5% compared to HKD 105,944,000 in the same period of 2024[9] - The cost of sales was HKD 26,353,000, leading to a gross loss of HKD 14,145,000, compared to a gross profit of HKD 23,370,000 in the previous year[9] - Operating loss for the period was HKD 8,031,000, a significant decline from an operating profit of HKD 1,504,000 in the prior year[9] - The company recorded a net loss attributable to owners of HKD 8,319,000, compared to a loss of HKD 1,397,000 in the same period last year[9] - Basic and diluted loss per share was HKD 1.1, compared to HKD 0.3 in the previous year[9] - Other income and losses amounted to a loss of HKD 4,739,000, contrasting with a gain of HKD 752,000 in the previous year[9] - The company reported a total comprehensive loss of HKD 7,862 thousand for the six months ended September 30, 2025, compared to a loss of HKD 1,397 thousand in the previous period[11] Revenue Breakdown - Customer contract revenue for the six months ended September 30, 2025, was approximately HKD 12,208,000, a decrease of 88.5% compared to HKD 105,944,000 for the same period in 2024[16] - The construction contract revenue for the six months ended September 30, 2025, was HKD 10,639,000, down 89.8% from HKD 104,224,000 in 2024[16] - Major customers contributing over 10% of total revenue included Customer 1 with HKD 7,488,000 and Customer 2 with HKD 3,136,000 for the six months ended September 30, 2025[20] Expenses and Cost Management - Administrative expenses were HKD 9,316,000, down from HKD 11,934,000 in the same period last year, indicating a reduction in operational costs[9] - The company's cost of sales for the same period was approximately HKD 26.4 million, down about 68.1% from HKD 82.6 million in the previous year, attributed to a decrease in construction project numbers[50] - The total employee costs for the six months ended September 30, 2025, amounted to approximately HKD 7.2 million, compared to HKD 33.5 million for the same period in 2024[73] Asset and Liability Management - Total assets increased to HKD 135,155 thousand as of September 30, 2025, compared to HKD 127,132 thousand as of March 31, 2025, reflecting a growth of approximately 6.4%[10] - Non-current assets rose to HKD 29,871 thousand from HKD 27,605 thousand, an increase of about 8.2%[10] - Current assets decreased to HKD 105,284 thousand from HKD 109,527 thousand, a decline of approximately 3.5%[10] - The total liabilities decreased to HKD 349 thousand from HKD 49 thousand, indicating a reduction in non-current liabilities[10] - The company's equity increased to HKD 118,119 thousand as of September 30, 2025, up from HKD 115,526 thousand, representing a growth of approximately 2.2%[11] Cash Flow and Financing - The company reported a net cash outflow from operating activities of HKD 15,493 thousand for the six months ended September 30, 2025, compared to HKD 6,356 thousand for the same period in 2024[12] - Financing activities generated a net cash inflow of HKD 9,247 thousand, a significant improvement from a net cash outflow of HKD 1,503 thousand in the previous year[12] - The company reported a financing cost of HKD 131,000, a decrease from HKD 244,000 in the previous year[20] Strategic Initiatives - The company plans to continue focusing on market expansion and new product development strategies to improve future performance[9] - The company plans to invest in human resources and information systems to enhance operational capabilities and efficiency in foundation and site leveling works, as well as drilling pile engineering[47] - The company has entered into a brand collaboration with Hong Kong Wah Wei Da Enterprises Ltd. and Philippine TEADAYE CORP. to expand into the Southeast Asian tea beverage market, with new stores planned to open in 2025[48] - The company signed a purchase agreement to acquire at least 51% of the equity of four "Tea Da Ye" stores located in Sheung Wan, Tseung Kwan O, Tsim Sha Tsui, and Tsuen Wan, marking a strategic move to enhance market position in the evolving beverage market[48] Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2025, consistent with the previous year[22] - The average number of ordinary shares used for calculating basic and diluted loss per share increased to 753,561,000 shares in 2025 from 480,003,000 shares in 2024[23] - As of September 30, 2025, the company had issued 815,988,068 shares with a par value of HKD 0.01 each, and the total issued share capital amounted to HKD 8,160,000[54] Governance and Compliance - The company has adhered to all applicable provisions of the corporate governance code during the reporting year, with a noted deviation from the code regarding the separation of roles between the chairman and CEO[84] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2025, and found them compliant with applicable accounting standards and GEM listing rules[87] - The interim results announcement and report for the six months ending September 30, 2025, will be published on the Hong Kong Stock Exchange and the company's website[88]
中国新消费集团(08275) - 2026 - 中期业绩