Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 28,626,000, representing an increase of 8.8% compared to HKD 26,312,000 for the same period in 2024[6] - Gross profit for the period was HKD 3,356,000, down 34.0% from HKD 5,091,000 in the previous year[6] - The company reported a loss before tax of HKD 4,009,000, compared to a loss of HKD 1,904,000 in the same period last year, indicating a significant increase in losses[6] - Basic and diluted loss per share was HKD 0.07, compared to HKD 0.06 for the same period in 2024[6] - The total comprehensive loss for the period was HKD 1,904,000, contributing to the overall financial performance[8] - The group reported a significant decline in consumer spending, impacting overall sales performance[37] - The group's revenue decreased by approximately 8.1%, from about HKD 28.6 million in the corresponding period to about HKD 26.3 million in the current period[38] - The group's gross profit decreased by approximately 34.1%, from about HKD 5.1 million in the corresponding period to about HKD 3.4 million in the current period, resulting in a gross margin decline from 17.8% to 12.8%[39] - The group's pre-tax loss increased by approximately 110.6%, from about HKD 1.9 million in the corresponding period to about HKD 4.0 million in the current period[42] Operational Costs - The cost of sales increased to HKD 23,535,000, up from HKD 22,956,000, reflecting rising operational costs[6] - Administrative and other expenses rose to HKD 4,090,000 from HKD 3,748,000, indicating increased operational expenditures[6] - The group's sales and distribution costs increased by approximately 15.0%, from about HKD 3.0 million in the corresponding period to about HKD 3.4 million in the current period[40] - The group's administrative and other expenses increased by approximately 9.1%, from about HKD 3.7 million in the corresponding period to about HKD 4.1 million in the current period[40] Assets and Liabilities - As of September 30, 2025, total assets amounted to HKD 51,098,000, while total liabilities were HKD 24,697,000, resulting in a net asset value of HKD 26,353,000[7] - The company reported a decrease in trade receivables from HKD 32,773,000 to HKD 30,731,000, reflecting a decline of approximately 6.3%[7] - Cash and cash equivalents increased significantly from HKD 322,000 to HKD 19,714,000, indicating a substantial improvement in liquidity[7] - The company’s current liabilities decreased from HKD 35,729,000 to HKD 26,401,000, representing a reduction of approximately 26.2%[7] - The company’s total liabilities decreased from HKD 35,729,000 to HKD 26,401,000, reflecting a reduction of approximately 26.2%[7] - The company’s fixed assets, including property and equipment, decreased from HKD 1,760,000 to HKD 1,230,000, indicating a decline of approximately 30%[7] - The total equity attributable to the owners of the company was HKD 26,353,000, down from HKD 891,000, showing a significant reduction in shareholder equity[8] Cash Flow - The net cash generated from operating activities was HKD 28,065,000, while the net cash generated from investing activities was HKD (8,673,000)[19] - The cash and cash equivalents at the end of the period were HKD 19,714,000, an increase from HKD 15,610,000 at the end of the previous period[19] - As of September 30, 2025, the group had cash and bank balances of approximately HKD 19.7 million, a significant increase from HKD 0.3 million on March 31, 2025[47] Strategic Initiatives - The company is focusing on market expansion and new product development as part of its strategic initiatives moving forward[6] - The company has not provided specific guidance for future performance but emphasizes ongoing efforts to improve operational efficiency[6] - The group plans to maintain sustainable and profitable retail operations while gradually developing online and social media distribution channels to drive future growth[46] - The group aims to explore various suitable investment opportunities to diversify its business and enhance overall business development by 2025/2026[46] - The group has implemented several strategic measures to adjust its product mix in response to changing customer preferences and market trends[46] Shareholder Information - The company did not declare any dividends for the current period, consistent with 2024[26] - The group will not declare any dividends for the current period, consistent with the previous year[43] - The company has a loan of HKD 20,000,000 with an outstanding balance of approximately HKD 8,367,000 as of September 30, 2025, with an interest rate of 4%[33] - The company has another loan of HKD 3,360,000 with an outstanding balance of approximately HKD 1,431,000 as of September 30, 2025, with an interest rate of 5%[33] Corporate Governance - The company has complied with the corporate governance code and regularly reviews its governance practices[77] - The board has confirmed adherence to trading standards during the reporting period, with no known non-compliance incidents[79] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated results for the period[84] - The Audit Committee believes that the financial statements have been prepared in accordance with applicable accounting standards and GEM listing rules[84]
民信国际控股(08456) - 2026 - 中期业绩