Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 317,605,000, representing an increase of 15.0% compared to HKD 276,058,000 for the same period in 2024[3] - Gross profit for the same period was HKD 36,263,000, up from HKD 20,074,000, indicating a significant improvement in profitability[3] - The net loss for the period was HKD 18,492,000, a reduction from a loss of HKD 29,491,000 in the previous year, reflecting a 37.3% improvement[3] - The company reported a basic loss per share of HKD 5.55, an improvement from HKD 8.85 in the previous year[4] - The total segment loss for the six months ended September 30, 2025, was HKD 22,453,000, compared to a loss of HKD 3,944,000 in the previous period, indicating a significant increase in losses[12][13] - The company reported a net loss attributable to shareholders of HKD 18,492,000 for the six months ended September 30, 2025, compared to a loss of HKD 29,491,000 for the same period in 2024, showing an improvement in loss[20] - The group reported a net loss of HKD 18.5 million for the six months ended September 30, 2025, an improvement from a net loss of HKD 29.5 million in the previous year[27] Assets and Liabilities - Total assets as of September 30, 2025, amounted to HKD 732,017,000, compared to HKD 746,442,000 as of March 31, 2025[5] - Current assets increased to HKD 574,994,000 from HKD 536,843,000, showing a growth of 7.1%[5] - The company’s non-current assets totaled HKD 384,666,000, down from HKD 400,764,000[5] - As of September 30, 2025, the group held cash and bank deposits of HKD 364 million, a decrease from HKD 373.4 million as of March 31, 2025[35] - Total borrowings amounted to HKD 3 million as of September 30, 2025, down from HKD 5.5 million as of March 31, 2025, resulting in a debt-to-equity ratio of 0.4%[35] Trade and Receivables - Trade receivables rose significantly to HKD 190,014,000 from HKD 91,079,000, marking an increase of 108.7%[5] - Trade receivables from product sales increased significantly to HKD 191,148,000 as of September 30, 2025, up from HKD 91,669,000 as of March 31, 2025[24] - The company established a credit period of 30 to 180 days for its trade customers, with HKD 140,489,000 of trade receivables being within 0-90 days as of September 30, 2025[25] - Trade receivables increased to HKD 190 million as of September 30, 2025, from HKD 91.1 million as of March 31, 2025, with turnover days rising from 96 to 109 days[36] Revenue Breakdown - The group's sales revenue increased by 15% to HKD 317.6 million for the six months ended September 30, 2025, compared to HKD 276.1 million in the same period last year[27] - European sales revenue increased by 9.3% to HKD 49.5 million, accounting for 15.6% of total sales revenue[30] - American sales revenue rose by 26.5% to HKD 217.9 million, making up 68.6% of total sales revenue[30] - Asian sales revenue decreased by 9.6% to HKD 42.6 million, representing 13.4% of total sales revenue[30] Expenses and Costs - Gross profit increased by 80.6% to HKD 36.3 million, with the gross profit margin rising from 7.3% to 11.4% due to lower raw material costs and a more favorable sales mix[30] - Sales and distribution expenses increased by 16.1% to HKD 9.1 million, representing 2.9% of sales revenue, up from 2.8% in the previous year[31] - The total unallocated income and expenses for the six months ended September 30, 2025, amounted to HKD 7,520,000, compared to HKD 12,383,000 in the previous period[12][13] - The depreciation expense for the six months ended September 30, 2025, was HKD 951,000, slightly lower than HKD 927,000 in the previous period[12][13] Investments and Employment - The group invested approximately HKD 394,000 primarily for the purchase of a replacement vehicle, with no significant investments in other tangible assets[37] - The group employed approximately 1,580 employees as of September 30, 2025, an increase from 1,550 employees in 2024[39] Dividends and Shareholder Returns - The company did not declare an interim dividend for 2025, compared to a dividend of HKD 6,661,000 (HKD 0.02 per share) in 2024[19] Market and Operational Strategy - The company continues to focus on the manufacturing and sales of home appliances, with all received purchase orders expected to be completed within one year[10] - The group plans to closely monitor the impact of U.S. tariffs and collaborate with customers to mitigate effects through subcontracting arrangements in Malaysia[32] - The group aims to enhance efficiency and reduce costs through continuous improvement and careful supply chain management[33] Other Financial Metrics - Rental income decreased to HKD 7,261,000 in 2025 from HKD 8,227,000 in 2024, reflecting a decline of approximately 11.8%[15] - The fair value loss on investment properties was HKD 19,117,000, compared to HKD 17,586,000 in the previous period[3] - The fair value of investment properties decreased by HKD 19,117,000 for the six months ended September 30, 2025, compared to a decrease of HKD 17,586,000 for the same period in 2024[21] - There were no significant contingent liabilities as of September 30, 2025[38] - The group has not engaged in any share buybacks or sales during the six months ended September 30, 2025[40]
亚伦国际(00684) - 2026 - 中期业绩