Financial Performance - The company's revenue for the six months ended September 30, 2025, was HKD 12,208,000, a decrease of 88.5% compared to HKD 105,944,000 for the same period in 2024[5]. - The cost of sales for the same period was HKD 26,353,000, resulting in a gross loss of HKD 14,145,000, compared to a gross profit of HKD 23,370,000 in 2024[5]. - Operating loss for the six months was HKD 8,031,000, a significant decline from an operating profit of HKD 1,504,000 in the previous year[5]. - The net loss attributable to the company's owners was HKD 8,319,000, compared to a loss of HKD 1,397,000 in the same period last year[5]. - The company reported a basic and diluted loss per share of HKD 1.1, compared to HKD 0.3 in the previous year[5]. - The company incurred a total comprehensive loss of HKD (7,862,000) for the six months ended September 30, 2025, compared to a loss of HKD (1,397,000) in the previous period[7]. - The company reported a loss attributable to shareholders of HKD 8,318,000 for the six months ended September 30, 2025, compared to a loss of HKD 1,397,000 for the same period in 2024, indicating a significant increase in losses[19]. - The basic and diluted loss per share for the six months ended September 30, 2025, was HKD 1.1, compared to HKD 0.3 for the same period in 2024, reflecting a worsening financial performance[19]. - The gross loss for the six months ended September 30, 2025, was approximately HKD 14.1 million, compared to a gross profit of approximately HKD 23.4 million for the same period in 2024, resulting in a gross margin decline from approximately 22.1% to a gross loss margin of about 115.9%[47]. Assets and Liabilities - The company's total assets as of September 30, 2025, were HKD 118,468,000, an increase from HKD 115,575,000 as of March 31, 2025[6]. - The company's cash and bank balances decreased to HKD 9,863,000 from HKD 13,597,000 in the previous period[6]. - The company's equity total increased to HKD 118,119,000 from HKD 115,526,000[6]. - Non-current assets totaled HKD 29,871,000, up from HKD 27,605,000[6]. - The company had total liabilities of approximately HKD 0.2 million, a decrease from approximately HKD 1.3 million as of March 31, 2025[51]. - The group's debt-to-equity ratio as of September 30, 2025, was approximately 0.2%, down from 1.1% as of March 31, 2025[59]. Cash Flow - The net cash outflow from operating activities for the six months ended September 30, 2025, was HKD (15,493,000), compared to HKD (6,356,000) in 2024, indicating a worsening cash flow situation[8]. - The company reported a net cash inflow from financing activities of HKD 9,247,000 for the six months ended September 30, 2025, compared to an outflow of HKD (1,503,000) in the previous year[8]. - The company’s cash and cash equivalents decreased by HKD 3,734,000, ending at HKD 9,863,000 as of September 30, 2025, down from HKD 41,512,000 at the beginning of the period[8]. Revenue Sources - The construction contract revenue for the six months ended September 30, 2025, was HKD 10,639,000, a decline of 89.8% from HKD 104,224,000 in 2024[12]. - Revenue for the six months ended September 30, 2025, was approximately HKD 12.2 million, a decrease of about 88.5% from approximately HKD 105.9 million for the same period in 2024, mainly due to a reduction in the number of awarded projects[45]. Operational Changes - 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[43]. - 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 July and August 2025[44]. - The company aims to acquire at least 51% equity in 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[44]. - The company plans to maintain prudent financial management in project selection and cost control to improve operational efficiency and profitability[44]. Administrative and Employee Costs - Administrative expenses for the six months ended September 30, 2025, were approximately HKD 9.3 million, a decrease of about 22.0% from approximately HKD 11.9 million for the same period in 2024, primarily due to reductions in employee salaries and legal and professional fees[48]. - The total employee costs for the six months ending September 30, 2025, amounted to approximately HKD 7.2 million, a decrease from HKD 33.5 million for the same period in 2024[69]. 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[18]. - As of September 30, 2025, Ms. Wang Feixiang holds 47,875,000 shares, representing 5.87% of the company's total issued shares[72]. - Tibet Water Resources Co., Ltd. owns 44,000,000 shares, accounting for 5.39% of the company's total issued shares[72]. - No individuals or entities, apart from those disclosed, hold or are deemed to hold any interests or short positions in the company's shares that require disclosure under the Securities and Futures Ordinance as of September 30, 2025[73]. Corporate Governance - The company has adhered to the corporate governance code principles and rules during the reporting year, with a noted deviation regarding the separation of roles between the chairman and the CEO[80]. - The company is currently seeking a suitable candidate to fill the vacant chairman position following the resignation of Mr. Tang Guiliang on December 29, 2023[81]. - The audit committee was established on September 22, 2017, chaired by Mr. He Dingding, with members Ms. Chen Zixin and Mr. Wu Jianlong, all independent non-executive directors[82]. - The audit committee 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[83].
中国新消费集团(08275) - 2026 - 中期财报