Financial Performance - For the six months ending September 30, 2025, the group's revenue was HKD 973.34 million, an increase of 1.2% compared to HKD 961.81 million in the same period last year[3] - Net profit attributable to equity shareholders was HKD 150.03 million, up 14% from HKD 131.59 million in the previous year[10] - Total revenue for the six months ended September 30, 2025, was HKD 973,354,000, an increase from HKD 961,807,000 in the same period of 2024, representing a growth of approximately 1.4%[24] - The company reported a profit of HKD 150,034,000 for the six months ended September 30, 2025, compared to HKD 131,590,000 in the same period of 2024, indicating a growth of about 14%[21] - Basic and diluted earnings per share for the period were HKD 150,034,000, compared to HKD 131,590,000 for the same period in 2024, reflecting an increase of about 14%[29] Dividends - The group declared an interim dividend of HKD 0.10 per ordinary share and a special dividend of HKD 0.20 per ordinary share[3] - The company declared an interim dividend of HKD 0.10 per share, consistent with the previous year, while a special dividend of HKD 0.20 was proposed for the current period[30] - The company declared an interim dividend of HKD 0.10 per share and a special dividend of HKD 0.20 per share, totaling HKD 0.30 per share, which is a 200% increase from the previous year[42] - The total dividend payout ratio was 77.19%, significantly higher than 29.96% in 2024, with a total dividend amounting to approximately HKD 115.82 million[42] Revenue Breakdown - Sales revenue in Hong Kong decreased by approximately 1.3% during the review period due to weak consumer confidence[4] - In Taiwan, sales revenue in local currency decreased by 12.5% due to deteriorating market conditions and consumer behavior[4] - In China, sales revenue in local currency grew by 28.3% as the group continued to expand its retail network[4] - Revenue from luxury goods sales amounted to HKD 893,140,000, a slight decrease from HKD 902,856,000 in the previous year, reflecting a decline of about 1.9%[21] - Revenue from Hong Kong was HKD 566,670,000, while Taiwan contributed HKD 251,984,000, showing a decline of 1.1% and 6.7% respectively compared to the previous year[24] Investment and Financial Position - The group achieved a profit of HKD 29 million from prudent management of its investment portfolio during the review period[5] - The group holds net cash of HKD 2.72 billion, positioning it well to navigate the challenging retail environment and potential economic downturns[7] - The net asset value as of September 30, 2025, was HKD 3,723,302,000, up from HKD 3,533,811,000 as of March 31, 2025, indicating an increase of about 5.4%[12] - Current assets increased to HKD 4,522,135,000 from HKD 4,313,977,000, reflecting a growth of about 4.8%[12] - The total liabilities as of September 30, 2025, were HKD 1,289,875,000, slightly up from HKD 1,089,620,000, representing an increase of approximately 18.3%[12] - Cash and bank balances stood at HKD 3,338,778,000, an increase from HKD 3,275,825,000, reflecting a growth of approximately 1.9%[12] - The group's net current financial resources stood at HKD 2.72 billion, an increase from HKD 2.67 billion as of March 31, 2025, with cash and bank balances of HKD 3.338 billion[39] Market Outlook and Strategy - The outlook for the Hong Kong retail market remains weak due to structural changes in consumer behavior and competition from mainland China[6] - The group plans to actively seek new strategic investments to pursue business growth amid changing retail environments[7] Assets and Liabilities - Non-current assets totaled HKD 491,042,000 as of September 30, 2025, down from HKD 569,760,000, a decrease of approximately 13.7%[12] - The company reported a total of HKD 1,097,880,000 in total assets as of September 30, 2025, compared to HKD 1,078,495,000 as of March 31, 2025, showing a slight increase[30] - The effective borrowing interest rate as of September 30, 2025, was 4.21%, up from 3.88% as of March 31, 2025[33] - Commercial payables amounted to HKD 101,193,000, a decrease from HKD 107,676,000 in the previous period, reflecting a decline of approximately 6%[34] - The company has capital commitments of HKD 247,000 as of September 30, 2025, significantly reduced from HKD 7,386,000 as of March 31, 2025[36] - As of September 30, 2025, the company's contingent liabilities amounted to HKD 555.76 million, down from HKD 723.39 million as of March 31, 2025[37] Employee Costs - The total employee cost, including directors' remuneration, was HKD 116.6 million, compared to HKD 114.9 million in 2024, with a workforce of 590 employees[38] Corporate Governance - The company has been adhering to high standards of corporate governance, which is crucial for managing business risks and enhancing shareholder value[45] - The proposal for privatization was not approved and will not be implemented, ensuring the company's continued listing on the stock exchange[47] Accounting and Compliance - The company has not adopted any new accounting standards or interpretations that have not yet come into effect during the reporting period[16] - No share buybacks or redemptions occurred during the review period, and the company does not hold any treasury shares[44] - The company maintained a zero debt-to-capital ratio, indicating no reliance on bank loans after accounting for cash reserves[41] - The current ratio was 4.1 times as of September 30, 2025, compared to 4.0 times as of March 31, 2025[41]
迪生创建(00113) - 2026 - 中期业绩