Financial Performance - For the six months ended September 30, 2025, KFM Kingdom Holdings Limited reported revenue of HKD 459,463,000, representing a 22% increase from HKD 376,703,000 in the same period of 2024[4] - Gross profit for the same period was HKD 84,858,000, up 25% from HKD 67,784,000 year-on-year[4] - Profit before tax increased to HKD 36,511,000, a 35% rise compared to HKD 26,983,000 in the previous year[4] - Net profit for the period was HKD 30,764,000, reflecting a 36% increase from HKD 22,547,000 in 2024[4] - Total comprehensive income for the period reached HKD 39,760,000, compared to HKD 25,557,000 in the same period last year, marking a 55% increase[4] - Basic and diluted earnings per share were HKD 4.98, up from HKD 3.63 in the previous year, representing a 37% increase[4] Assets and Liabilities - As of September 30, 2025, total assets amounted to HKD 902,355,000, an increase from HKD 842,351,000 as of March 31, 2025[5] - Cash and cash equivalents increased to HKD 176,479,000 from HKD 109,504,000, showing a significant improvement in liquidity[5] - The company reported a decrease in inventory to HKD 133,726,000 from HKD 146,061,000, indicating better inventory management[5] - Non-current assets totaled HKD 345,098,000, up from HKD 333,923,000, reflecting ongoing investment in long-term assets[5] - Accounts receivable as of September 30, 2025, were HKD 179,654,000, slightly down from HKD 180,153,000 as of March 31, 2025[21] - Inventory as of September 30, 2025, totaled HKD 133,726,000, down from HKD 146,061,000 as of March 31, 2025, indicating a 8% decrease[20] - Accounts payable increased to HKD 150,784,000 as of September 30, 2025, from HKD 113,990,000 as of March 31, 2025, reflecting a 32% rise[22] - The company’s total debt as of September 30, 2025, was HKD 65.4 million, with a debt-to-equity ratio of 10.0%[41] Expenses - The cost of goods sold for the six months ended September 30, 2025, was HKD 374,605,000, up from HKD 308,919,000 in 2024, indicating a 21% increase[14] - Research and development expenses increased to HKD 11,028,000 for the six months ended September 30, 2025, compared to HKD 9,449,000 in 2024, reflecting an 17% rise[14] - Total tax expenses for the six months ended September 30, 2025, amounted to HKD 5,747,000, compared to HKD 4,436,000 in 2024, which is a 30% increase[15] - General and administrative expenses rose to approximately HKD 44.1 million, an increase of about HKD 3.9 million from HKD 40.2 million in the previous year[36] - Sales costs increased by approximately HKD 65.7 million or 21.3%, with total sales costs accounting for about 81.5% of total revenue, a slight decrease from 82.0% year-on-year[31] - The company’s financial expenses increased to approximately HKD 1.3 million from HKD 0.9 million in the previous year, primarily due to an increase in the average balance of bank borrowings[37] Capital and Investments - The company has authorized or contracted capital commitments of HKD 3,071,000 as of September 30, 2025, compared to HKD 1,324,000 as of March 31, 2025[26] - Capital expenditures for the period were approximately HKD 25.2 million, significantly higher than HKD 2.9 million for the same period last year[45] Operational Highlights - The group has expanded its overseas production base in Malaysia to provide flexible supply chain solutions outside of China, responding to customer needs amid geopolitical uncertainties and trade disputes[52] - As of September 30, 2025, the total number of employees in the group was 1,282, an increase from 1,057 employees on September 30, 2024[54] - The group is committed to maintaining good relationships with existing customers while actively seeking new clients to expand its customer base[52] Other Information - The board does not recommend any interim dividend during the reporting period[59] - The group has not engaged in any acquisitions or disposals of subsidiaries or associated companies during the reporting period[61] - The group closely monitors foreign exchange rate fluctuations to manage its foreign exchange risks, particularly in Hong Kong, China, and Malaysia[49] - The group has no significant contingent liabilities as of September 30, 2025[51] - The group has no major post-reporting period events to disclose[53] - The audit committee has reviewed the interim financial information and confirmed compliance with applicable standards and regulations[60] - The group has not purchased, sold, or redeemed any of its listed securities during the reporting period[62]
KFM金德(03816) - 2026 - 中期业绩