Financial Performance - The Group's profit for the six months ended 30 September 2025 was approximately HK$3.6 million, a significant increase from approximately HK$0.3 million for the same period in 2024 [25]. - Revenue for the six months ended 30 September 2025 was approximately HK$83.8 million, representing an increase of approximately 30.9% compared to approximately HK$64.0 million for the same period in 2024 [25]. - Gross profit increased by approximately HK$6.3 million or approximately 33.8%, from approximately HK$18.7 million for the six months ended September 30, 2024, to approximately HK$25.0 million for the same period in 2025 [52]. - Profit for the period reached HK$3,617,000, a significant increase from HK$349,000 in the previous year, marking a growth of 936.6% [150]. - Basic earnings per share improved to 1.15 HK cents, compared to 0.29 HK cents for the same period last year [150]. Revenue Breakdown - Revenue from Gem-set Jewellery Products increased by approximately HK$8.1 million, or approximately 33.4%, reaching approximately HK$32.3 million for the six months ended 30 September 2025 [39]. - Revenue from pure gold products increased by approximately HK$6.4 million, or approximately 50.9%, totaling approximately HK$19.1 million for the six months ended 30 September 2025 [40]. - Revenue from trading of recycled gold products increased by approximately HK$5.3 million, or approximately 19.4%, amounting to approximately HK$32.4 million for the six months ended 30 September 2025 [44]. - Retail revenue increased by approximately HK$14.7 million, or approximately 45.2%, reaching approximately HK$47.3 million for the six months ended 30 September 2025 [45]. - Wholesale revenue decreased by approximately HK$0.2 million, or approximately 5.2%, totaling approximately HK$4.0 million for the six months ended 30 September 2025 [46]. Expenses and Costs - Selling and distribution costs for the six months ended September 30, 2025, were approximately HK$13.4 million, an increase of approximately HK$1.7 million or approximately 15.1% compared to HK$11.7 million for the same period in 2024 [55]. - General and administrative expenses for the six months ended September 30, 2025, were approximately HK$6.5 million, an increase of approximately HK$0.3 million or approximately 5.1% compared to HK$6.2 million for the same period in 2024 [56]. - The total cost of inventories recognized as an expense for the six months ended September 30, 2025, was HK$58,769,000, up from HK$45,286,000 in 2024, indicating an increase of about 29.8% [179]. Assets and Liabilities - As of September 30, 2025, the Group's total assets were approximately HK$141.5 million, an increase from approximately HK$140.1 million as of March 31, 2025 [73]. - The Group's total liabilities decreased to approximately HK$31.8 million as of September 30, 2025, down from approximately HK$42.9 million as of March 31, 2025 [73]. - Current liabilities decreased to HK$26,136,000 from HK$35,374,000, indicating improved financial stability [153]. - Net assets increased to HK$109,662,000 as of September 30, 2025, up from HK$97,197,000 at the end of March 2025 [153]. Share Capital and Financing - The Company completed a placing of 60,000,000 new shares at a revised price of HK$0.144 per share, raising net proceeds of approximately HK$8.3 million for working capital and general corporate purposes on August 15, 2025 [68]. - The company raised HK$8,640,000 through the placing of new shares during the period [154]. - The issued share capital of the Company was HK$36,000,000 with 360,000,000 ordinary shares as of September 30, 2025 [80]. - The company completed a rights issue of 225,000,000 shares at HK$0.12 per share, raising gross proceeds of HK$27,000,000 on September 12, 2024 [195]. Corporate Governance - The Company is committed to maintaining high standards of corporate governance, complying with the Corporate Governance Code [107]. - The company has adopted the corporate governance code as per GEM Listing Rules and has complied with it, except for a deviation regarding the roles of the Chairman and CEO [109]. - The Company has maintained the sufficiency of public float as required by the GEM Listing Rules as of the latest practicable date prior to the interim report [147]. Employee and Management Information - The Group employed 53 employees as of September 30, 2025, a slight decrease from 55 employees as of March 31, 2025 [92]. - Mr. Fu Chun Keung serves as both chairman and CEO, playing a crucial role in the company's management and strategic planning [108]. - The total staff costs for the six months ended September 30, 2025, were HK$9,653,000, slightly up from HK$9,502,000 in 2024, reflecting an increase of about 1.6% [179]. Risk Management and Compliance - The Audit Committee has reviewed the unaudited consolidated interim results for the six months ended September 30, 2025, confirming compliance with appropriate accounting standards [141]. - The Board has conducted regular reviews of the risk management and internal control systems to ensure their effectiveness [146]. - All directors confirmed compliance with the Required Standard of Dealings during the six months ended September 30, 2025, with no incidents of non-compliance noted [110]. Share Options and Incentives - The 2025 Share Option Scheme was adopted on July 31, 2025, with a scheme mandate limit of 10% of the issued shares [132]. - The Company conditionally granted 60,000,000 share options under the 2025 Share Option Scheme on April 28, 2025, to incentivize key personnel focusing on sales growth and operational efficiency [135]. - The exercise price for the granted options is HK$0.142 per share, with a vesting condition requiring monthly sales to reach or exceed HK$15.0 million and monthly net profit to reach or exceed HK$0.3 million [136].
创辉珠宝(08537) - 2026 - 中期业绩