Financial Performance - The Group recorded a revenue of approximately HK$36.7 million for the six months ended 30 September 2025, representing an increase of approximately 0.2% compared to HK$36.6 million for the same period in 2024[12]. - The Group reported a loss of approximately HK$4.1 million for the Period, a significant improvement from a loss of approximately HK$27.0 million in the preceding period, mainly due to reduced distribution costs and administrative expenses[13]. - The advertising services segment generated revenue of approximately HK$36.7 million, up approximately 5.3% from HK$34.8 million in the preceding period, attributed to recovering market sentiments[18]. - The Group's administrative expenses decreased by approximately 57.2% to approximately HK$11.2 million, down from approximately HK$26.2 million in the preceding period[28][31]. - Finance costs significantly decreased from approximately HK$1.0 million to approximately HK$0.3 million compared to the preceding period[29][32]. - The Group recorded a loss of approximately HK$4.1 million for the period, a significant decrease from a loss of approximately HK$27.0 million in the preceding period, primarily due to a gain on disposal of subsidiaries of HK$6.1 million[30][33]. - Gross profit decreased to HK$634,000, down 45.1% from HK$1,157,000 year-over-year[104]. - Loss before income tax improved to HK$4,078,000, a significant reduction of 84.5% from HK$26,325,000 in the previous year[104]. - Total comprehensive expense for the period was HK$2,835,000, a decrease from HK$26,309,000 in the prior year, reflecting improved financial performance[105]. - The company reported a basic and diluted loss per share of HK(21.91) cents, a significant improvement from HK(383.48) cents in the previous year[105]. - Loss attributable to owners of the Company for the six months ended 30 September 2025 was HK$4,078,000, a significant improvement from HK$22,382,000 in the same period of 2024, representing an 81.8% reduction[171]. Cash Flow and Liquidity - As of 30 September 2025, the Group had cash and cash equivalents of approximately HK$0.7 million, an increase from approximately HK$0.1 million as of 31 March 2025[34][36]. - The net cash used in operating activities for the six months ended September 30, 2025, is HK$572,000, an improvement from HK$3,130,000 in the same period of 2024[115]. - The company generated net cash of HK$1,168,000 from financing activities, compared to HK$24,315,000 in the previous year, primarily due to a decrease in proceeds from borrowings[115]. - The cash and cash equivalents at the end of the reporting period are HK$721,000, down from HK$27,329,000 at the beginning of the period[115]. - Interest income from loan receivables increased to HK$664,000 for the six months ended 30 September 2025, compared to HK$378,000 in 2024[156]. - Cash and cash equivalents increased to HK$721,000 from HK$111,000, indicating improved liquidity[107]. Segment Disposals and Operations - The Group has disposed of its new energy batteries segment, resulting in no revenue from this segment during the Period[20]. - The new energy off-road vehicles segment was also disposed of, with no revenue recorded from sales during the Period[21]. - The health care products segment was disposed of, leading to no revenue from this segment during the Period[22]. - The Group plans to closely monitor existing operations and allocate resources proportionately to maintain steady operations and capture business opportunities in the second half of the year[19]. - The focus will shift primarily to advertising and marketing, following the sale of other business segments during the year[73]. Future Outlook and Strategy - The Group anticipates a clearer outlook for the advertising business in 2026 due to improving macroeconomic conditions and market environment[68]. - The Group plans to focus on hyper-targeted campaigns leveraging artificial intelligence and machine learning to enhance consumer engagement and conversion rates[69]. - The Group aims to expand investment in digital media, particularly in augmented and virtual reality, to capture new audiences and strengthen existing customer relationships[70]. - The Group emphasizes data-driven strategies and innovative digital platforms to create personalized marketing experiences, aiming for transformative growth in the advertising and marketing sector[73]. - Sustainability and social responsibility will remain core to the Group's operations, aligning brand value with contemporary consumer ideals[73]. - The Group is committed to optimizing strategies to ensure agility in a rapidly changing environment, laying the foundation for future success[73]. Share Capital and Corporate Governance - The Company implemented a share consolidation, consolidating every 20 shares into one share, effective from 23 September 2025[38][40]. - The share option scheme, effective from April 6, 2023, has a mandate limit refreshed to 10% of issued shares, with 382,114 shares available for issue as of the report date[81]. - The number of share options available for grant under the scheme decreased from 7,642,281 at the beginning of the period to 382,114 at the end of the period[82]. - The company has complied with all code provisions of the Corporate Governance Code for the six months ended September 30, 2025[88]. - The Audit Committee reviewed the unaudited interim report for the six months ended September 30, 2025, confirming compliance with applicable accounting standards and GEM Listing Rules[99]. - The company has maintained a code of conduct regarding Directors' securities transactions, which has been complied with during the reporting period[91]. Shareholder Information - As of September 30, 2025, there were no substantial shareholders with interests or short positions in the shares of the Company that required disclosure[80]. - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2025, consistent with the previous year[167]. - The provision for PRC Enterprise Income Tax was calculated at a standard rate of 25%, with the group qualifying for a preferential income tax rate of 5% on profits not exceeding RMB3 million from 1 January 2023 to 31 December 2027[165]. Assets and Liabilities - Current assets decreased to HK$95,019,000 from HK$97,514,000, while current liabilities increased to HK$38,487,000 from HK$35,039,000[107]. - Net current assets stood at HK$56,532,000, down from HK$62,475,000 as of March 31, 2025[107]. - The Group's total liabilities as of September 30, 2025, were HK$38,487,000, with segment liabilities from advertising at HK$38,247,000[141]. - The equity attributable to owners of the company decreased to HK$56,911,000 from HK$63,800,000, reflecting changes in the company's financial position[108]. - The company reported a total comprehensive income of HK$ (2,943,000) for the period, which includes an exchange difference of HK$ (458,000) and a reclassification of reserve upon disposal of subsidiaries amounting to HK$1,593,000[111].
嘉鼎国际集团(08153) - 2026 - 中期业绩