万保刚集团(01213) - 2026 - 中期业绩

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 139,649,000, a decrease of 7.3% compared to HKD 150,671,000 for the same period in 2024[3] - Gross profit for the same period was HKD 40,208,000, down 2.1% from HKD 41,079,000 in 2024[3] - Operating profit for the period was HKD 376,000, a significant improvement from an operating loss of HKD 1,238,000 in the previous year[3] - The net loss for the period was HKD 2,722,000, reduced from a net loss of HKD 4,833,000 in 2024, indicating a 43.6% improvement[3] - Total comprehensive income for the period was HKD 6,444,000, slightly down from HKD 6,448,000 in the previous year[4] - The basic and diluted loss per share for the period was HKD 1.5, an improvement from HKD 2.5 in the previous year[3] Revenue Breakdown - The electronic and electrical components segment generated revenue of HKD 97,648,000, down from HKD 100,008,000, representing a decline of 2.4%[15] - The computer business segment reported revenue of HKD 25,086,000, a decrease of 13.7% from HKD 29,082,000[15] - The cosmetics and online retail segment's revenue fell to HKD 16,915,000 from HKD 21,581,000, a decline of 21.7%[15] - The company reported a loss before tax of HKD 510,000 for the six months ended September 30, 2025, compared to a loss of HKD 2,676,000 for the same period in 2024[15][16] Assets and Liabilities - Total assets amounted to HKD 267,527,000, up from HKD 263,127,000[5] - Total liabilities as of September 30, 2025, were HKD 102,443,000, compared to HKD 103,987,000 as of March 31, 2025[17] - Non-current assets increased to HKD 58,142,000 from HKD 56,361,000 as of March 31, 2025[5] - Current assets rose to HKD 209,385,000 from HKD 206,766,000, reflecting a stable liquidity position[5] - The company's equity attributable to shareholders increased to HKD 115,630,000 from HKD 112,665,000[6] Cost and Expenses - Inventory cost expenses for the six months ended September 30, 2025, were HKD 96,754,000, a decrease from HKD 105,219,000 in 2024[21] - Interest expenses on bank loans for the six months ended September 30, 2025, were HKD 669,000, down from HKD 1,184,000 in 2024[22] - The company’s total operating expenses for the period were approximately HKD 41 million, compared to HKD 44 million in the previous year[30] - The distribution and selling expenses were approximately HKD 13.4 million, a decrease of about 2.9% from HKD 13.8 million in the previous year[31] Dividends and Shareholder Information - The company declared an interim dividend of HKD 0.0025 per share, totaling HKD 500,000, compared to HKD 1,000,000 in the previous year[25] - The interim report for the period will be sent to shareholders and published on the Hong Kong Stock Exchange and the company's website[52] - The board expresses gratitude to all directors and employees for their dedicated service and support from customers, suppliers, banks, and shareholders[53] Outlook and Strategy - The group maintains an optimistic outlook for the coming year, benefiting from improved global economic conditions and reduced trade tensions between China and the U.S.[37] - The group aims to focus on prudent cost management and operational efficiency to enhance profitability and achieve sustainable growth[38] Financial Position and Risk Management - As of September 30, 2025, the group's cash and bank balances were approximately HKD 28 million, with a current ratio of about 2.1[39] - The total bank financing available to the group was approximately HKD 89 million, with HKD 64 million remaining undrawn as of September 30, 2025[40] - The group's net debt amounted to approximately HKD 38 million, resulting in a net debt-to-equity ratio of 23.3% as of September 30, 2025[42] - The group has not incurred any significant foreign exchange risks as most transactions are denominated in HKD, RMB, and USD[43] - As of September 30, 2025, the group has pledged properties and bank balances valued at approximately HKD 27 million as collateral for bank financing[44] Employment and Governance - The group employed a total of 332 full-time employees as of September 30, 2025, with regular reviews of compensation and benefits[46] - The company has adhered to the corporate governance code during the period, with the exception of certain deviations regarding the rotation of directors[49] - The company has adopted a code of conduct for securities trading by directors, which is more lenient than the standards set by the listing rules[50] - The audit committee has reviewed the accounting principles and practices adopted by the group, discussing risk management and internal controls[51]