Financial Performance - Herald Holdings Limited reported a revenue of HKD 425,046,000 for the six months ended September 30, 2025, representing an increase of 8.4% compared to HKD 392,170,000 in the same period of 2024[2] - The gross profit for the same period was HKD 125,081,000, up 8.8% from HKD 114,989,000 year-on-year[2] - Operating profit increased significantly to HKD 55,745,000, a rise of 82.9% compared to HKD 30,483,000 in the previous year[2] - The net profit attributable to shareholders was HKD 44,236,000, which is a 62.9% increase from HKD 27,189,000 in the prior period[3] - Basic and diluted earnings per share rose to HKD 7.32, compared to HKD 4.50 in the same period last year, marking a 62.7% increase[3] - Total comprehensive income for the period was HKD 53,238,000, up 41.2% from HKD 37,645,000 in the previous year[4] - Profit before tax for the six months ended September 30, 2025, was HKD 55,695,000, compared to HKD 30,359,000 in 2024, reflecting an increase of 83.5%[18] Revenue Breakdown - The toy segment generated HKD 277,899,000 in revenue, up 22.3% from HKD 227,268,000 in 2024[16] - The revenue from North America increased to HKD 217,279,000, a rise of 14.6% from HKD 189,599,000 in 2024[14] - The toys segment revenue increased by 22% to HKD 278,000,000, compared to HKD 227,000,000 in the previous year, with operating profit rising from HKD 15,500,000 to HKD 20,900,000[31] - The computer products segment experienced a 40% decline in revenue to HKD 36,000,000, down from HKD 60,000,000, resulting in an operating loss of HKD 4,700,000[32] - The watch segment's revenue increased by 7% to HKD 111,000,000, compared to HKD 104,000,000 last year, although operating profit slightly decreased to HKD 6,800,000 from HKD 7,000,000[34] Assets and Liabilities - Current assets increased to HKD 691,961,000, compared to HKD 596,344,000 as of March 31, 2025, reflecting a growth of 16.0%[5] - Total assets as of September 30, 2025, amounted to HKD 916,144,000, an increase from HKD 826,822,000 in 2024[18] - Total liabilities as of September 30, 2025, were HKD 291,001,000, up from HKD 236,782,000 in 2024[18] - As of September 30, 2025, the group's current liabilities amounted to HKD 262 million, an increase from HKD 208 million as of March 31, 2025[37] - The group's debt-to-asset ratio was 32% as of September 30, 2025, up from 29% on March 31, 2025[37] Dividends and Gains - The company declared an interim dividend of HKD 18,135,000 for the six months ended September 30, 2025, consistent with the previous year[23] - The group recognized a one-time pre-tax gain of HKD 21,343,000 from the sale of two properties in Shanghai during the reporting period[19] - Net profit attributable to shareholders rose to HKD 44,200,000, up from HKD 27,200,000, primarily due to a one-time after-tax gain of approximately HKD 14,900,000 from the sale of two plots of land in Shanghai[31] Employee and Operational Costs - The total employee cost for the period was HKD 164.37 million, compared to HKD 146.44 million in the previous year[42] - The number of employees as of September 30, 2025, was 2,624, an increase from 2,282 in the previous year[42] Risk Management - The group faced foreign exchange risks primarily from transactions in RMB, USD, and GBP, with management monitoring these risks closely[39] - Management expresses concern over the performance of the toys and computer products segments in the second half of the fiscal year due to geopolitical tensions and intense price competition[35] Cash and Liquidity - As of September 30, 2025, the group had cash and cash equivalents totaling HKD 248,000,000, down from HKD 273,000,000 as of March 31, 2025[36] - The current ratio, representing liquidity, was 2.64 times as of September 30, 2025, down from 2.87 times on March 31, 2025[37] - The quick ratio decreased from 1.77 times on March 31, 2025, to 1.70 times as of September 30, 2025[37] Other Information - The company has not adopted any new standards or interpretations that have a significant impact on its financial performance during the current accounting period[11] - The group had no significant contingent liabilities as of September 30, 2025[38] - The company did not purchase, sell, or redeem any of its listed securities during the six-month period ending September 30, 2025[43]
HERALD HOLD(00114) - 2026 - 中期业绩