Financial Performance - Revenue for the six months ended 30 September 2025 was approximately HK$15,126,000, down from approximately HK$21,722,000 for the same period last year, representing a decrease of about 30%[8]. - Profit attributable to owners of the Company was approximately HK$37,251,000 for the six months ended 30 September 2025, compared to a loss of approximately HK$2,557,000 for the same period last year[8]. - No interim dividend was recommended for the six months ended 30 September 2025, consistent with the previous year[8]. - As of September 30, 2025, the Group recorded total revenue of approximately HK$15,126,000, representing a decrease of approximately 30.37% compared to HK$21,722,000 for the same period last year, primarily due to a decline in revenue from the intelligent advertising business[56][60]. - The company reported a profit of HK$35,830,000 for the six months ended September 30, 2025, compared to a loss of HK$3,800,000 in the same period of 2024, indicating a significant turnaround in performance[66]. - Total comprehensive loss for the period was HK$37,691,000, compared to a loss of HK$1,333,000 in the previous year, with the loss attributable to owners of the company amounting to HK$37,980,000[66]. Revenue Sources - Revenue from intelligent advertising services amounted to approximately HK$14,818,000 for the six months ended 30 September 2025[22]. - The Group generated no revenue from agricultural, forestry, and consumer products during the six months ended 30 September 2025[23]. - The supply-chain business also reported no revenue for the six months ended 30 September 2025, as the Group paused non-strategic commodity flows[25]. - Revenue from short-term leasing of the commercial portion of the property amounted to approximately HK$308,000 for the six months ended 30 September 2025, prior to the disposal of the property[29]. - Revenue from mobile advertising media services decreased to HK$14,818,000 for the six months ended September 30, 2025, down 29% from HK$20,943,000 in 2024[81]. - Rental income for the six months ended September 30, 2025, was HK$308,000, down from HK$777,000 in the same period of 2024[81]. Cash Flow and Liquidity - The Group's cash and bank deposits decreased by approximately 63.56% to approximately HK$2,573,000 as of 30 September 2025, down from HK$7,061,000 as of 31 March 2025[42]. - The Group's net current assets improved to approximately HK$3,762,000 as of 30 September 2025, compared to net current liabilities of HK$63,951,000 as of 31 March 2025[42]. - Cash and bank deposits decreased significantly from HK$7,061,000 to HK$2,573,000, highlighting potential cash flow issues[68]. - Net cash used in operating activities for the six months ended September 30, 2025, was HK$33,230,000, compared to a net cash used of HK$3,180,000 in the same period of 2024[72]. - The Group reported a net cash used in investing activities of HK$36,078,000 for the six months ended September 30, 2025, compared to HK$342,000 in 2024[72]. - Total cash and cash equivalents at September 30, 2025, were HK$2,573,000, a significant decrease from HK$5,929,000 at the same date in 2024[72]. Asset Management - Non-current assets decreased from HK$69,089,000 as of March 31, 2025, to HK$32,767,000 as of September 30, 2025, reflecting a significant reduction in asset value[68]. - Current assets also saw a decline from HK$96,968,000 to HK$43,556,000 during the same period, indicating liquidity challenges[68]. - The total equity attributable to owners of the company increased to HK$17,311,000 from a deficit of HK$27,773,000, indicating a recovery in shareholder value[69]. - The carrying amount of right-of-use assets decreased from HK$6,284,000 at 1 April 2025 to HK$5,851,000 at 30 September 2025[112]. - Trade receivables increased to HK$31,105,000 as of September 30, 2025, up from HK$28,041,000 as of March 31, 2025, representing an increase of approximately 7.4%[122]. Investment and Strategic Focus - The Group is actively pursuing investment opportunities in the New Energy Vehicles (NEV) industry and high-tech consumer products[24]. - The Group is evaluating higher-value opportunities in food and home supply sectors, leveraging its data analytics capabilities[25]. - The Group is actively seeking new property investment opportunities that offer attractive risk-adjusted returns once market conditions stabilize[31]. - Management maintains a conservative approach to new investments, proceeding only with opportunities that demonstrate clear strategic fit and attractive risk-adjusted returns[31]. - The Group's treasury policy is conservative, maintaining cash necessary for anticipated expenditures and emergencies, with almost all bank deposits in Hong Kong dollars[43]. Corporate Governance - The Company has complied with the Corporate Governance Code throughout the six months ended September 30, 2025[187]. - The Company is in the process of locating a new Chief Executive Officer, as there was no CEO during the six months ended September 30, 2025[191]. - The Board members share responsibilities to ensure effective corporate governance practices and procedures are established[198]. - The executive Directors are responsible for encouraging all directors to contribute actively to the Board's affairs[199]. - Non-executive Directors hold at least one meeting annually to discuss significant issues without influence from executive Directors[200]. Share Options and Employee Compensation - The 2012 Share Option Scheme allows eligible participants to subscribe for shares at a price of HK$10 per lot of share options granted[171]. - The maximum number of shares that can be issued upon exercise of options granted to each eligible person in any twelve-month period is limited to 1% of the shares in issue at the date of grant[173]. - The total number of shares that may be issued under the 2012 Share Option Scheme is capped at 236,893,600 shares, representing 10% of the shares in issue on the adoption date[174]. - The maximum number of shares that may be issued under all share option schemes must not exceed 30% of the Company's shares in issue at any time[177]. - The grant of options is intended to align the interests of employees and shareholders, promoting the Company's continuous growth[185].
世大控股(08003) - 2026 - 中期财报