Financial Performance - The company recorded unaudited revenue of approximately HKD 18.3 million for the six months ended September 30, 2025, representing an increase of about 32.7% compared to the same period last year[4] - The unaudited profit attributable to the company's owners for the six months ended September 30, 2025, was HKD 0.5 million, a significant improvement from a loss of HKD 9.8 million in the same period last year[4] - Basic and diluted earnings per share for the six months ended September 30, 2025, were approximately HKD 0.02, compared to a loss of HKD 0.53 per share in 2024[6] - Gross profit for the six months ended September 30, 2025, was HKD 4.02 million, up from HKD 0.41 million in the previous year[5] - For the six months ended September 30, 2025, total revenue was HKD 18,286,000, an increase of 32.5% compared to HKD 13,778,000 for the same period in 2024[20] - The company achieved a net profit of HKD 0.5 million for the six months ended September 30, 2025, compared to a net loss of HKD 9.8 million for the same period in 2024[49] Revenue Breakdown - Revenue from the smart manufacturing solutions business was HKD 15,158,000, which includes equipment sales of HKD 11,505,000 and technical services of HKD 3,653,000[20] - The food technology and sales business generated revenue of HKD 3,128,000, marking its first contribution to revenue[20] - The food technology and sales business contributed approximately 17.1% of total revenue for the six months ended September 30, 2025[43] Assets and Liabilities - Total assets increased to HKD 32.83 million as of September 30, 2025, compared to HKD 27.82 million as of March 31, 2025[7] - The company's total liabilities increased to HKD 24.38 million as of September 30, 2025, compared to HKD 18.92 million as of March 31, 2025[8] - Trade receivables rose to HKD 16.37 million as of September 30, 2025, from HKD 13.16 million as of March 31, 2025[7] - Trade payables as of September 30, 2025, were HKD 10,955,000, down from HKD 12,643,000 as of March 31, 2025[34] - The company reported accrued expenses of HKD 3,208,000 as of September 30, 2025, compared to HKD 1,822,000 as of March 31, 2025[35] Cash Flow and Expenses - The company reported a net cash increase of HKD 39,000 for the six months ended September 30, 2025, compared to a decrease of HKD 9.08 million in the previous year[10] - The company incurred operating cash outflows of HKD 216,000 for the six months ended September 30, 2025, significantly reduced from HKD 6.1 million in the previous year[10] - Total cost of sales and administrative expenses for the six months was HKD 20,648,000, a decrease of 12.4% from HKD 23,588,000 in the previous year[26] - Administrative expenses decreased by HKD 3.0 million to HKD 6.0 million for the six months ended September 30, 2025, compared to HKD 9.0 million for the same period in 2024[48] Strategic Changes - The company has shifted its business focus from the funeral services sector to food technology, reflecting a strategic pivot in its operations[18] - The company completed the acquisition of 100% equity in Hunan Baisheng Biotechnology Co., Ltd. on August 11, 2025, to enhance its agricultural food technology and sales business[43] - The company plans to potentially acquire agricultural food production facilities and related assets as part of its future investment strategy[60] Research and Development - The group plans to enhance its research and development efforts by establishing its own R&D center and hiring more technical talent to maintain a technological edge[64] Corporate Governance - The audit committee has been established and consists of three independent non-executive directors, chaired by Mr. Lu Shengwei[81] - The main responsibilities of the audit committee include advising the board on the appointment and dismissal of external auditors, reviewing financial statements, and overseeing the financial reporting system and internal controls[81] - The board expresses gratitude to the management and all employees for their hard work and contributions during the reporting period[82] Shareholder Information - The major shareholder, Dingyu Technology Limited, holds 3,061,545 shares, representing an 11.82% stake in the company[72] - The company has adopted a share option scheme effective from April 20, 2018, but no options have been granted, exercised, or cancelled to date[73] - The board does not recommend an interim dividend for the six months ending September 30, 2025, consistent with the previous year[69]
民富国际(08511) - 2026 - 中期业绩