Revenue Performance - For the six months ending September 30, 2025, the group's revenue was approximately HKD 5.1 million, a decrease of about 26.2% compared to HKD 6.9 million for the same period in 2024[15]. - The group reported a net loss attributable to equity holders of HKD 354,000 for the six months ended September 30, 2025, compared to a loss of HKD 1,852,000 for the same period in 2024[58]. - The group recorded a loss of approximately HKD 0.1 million for the six months ended September 30, 2025, compared to a loss of approximately HKD 1.4 million for the same period in 2024, with the reduction in loss primarily attributed to the increase in other income[25]. - The group incurred a loss before tax of HKD 21,000, compared to a loss of HKD 1,327,000 in the previous year[41]. - The group reported a pre-tax loss of HKD 4,383,000 due to foreign exchange gains, compared to a loss of HKD 1,897,000 in 2024[54]. Income Sources - Commission income from arranging students to study in the UK decreased to approximately HKD 2.1 million (2024: HKD 3.4 million), accounting for 40.4% of total revenue (2024: 48.7%) due to a reduction in the number of students moving to the UK[16]. - Commission income from arranging students to study in Australia was approximately HKD 2.2 million (2024: HKD 2.3 million), accounting for 43.1% of total revenue (2024: 33.3%), with a slight decline attributed to fewer successful arrangements compared to the previous year[17]. - Commission income from Canada and the US decreased to approximately HKD 0.6 million (2024: HKD 1.0 million), accounting for 11.1% of total revenue (2024: 14.6%), due to government policies affecting the number of international students[18]. - Other income increased to approximately HKD 5.8 million (2024: HKD 3.9 million), primarily due to net foreign exchange gains of about HKD 4.4 million (2024: HKD 1.9 million) for the six months ended September 30, 2025[19]. - Other income for the same period was HKD 5,774,000, an increase of 46.9% from HKD 3,931,000 in 2024[52]. Cost Management - Marketing costs decreased to approximately HKD 1.1 million (2024: HKD 1.4 million), reflecting the group's ongoing shift to more cost-effective digital marketing strategies[20]. - Employee benefits expenses reduced to approximately HKD 4.1 million (2024: HKD 6.3 million), mainly due to the reallocation of staff from the Hong Kong office to Malaysia and Taiwan[22]. - The company’s management compensation decreased to HKD 1,434,000 for the six months ended September 30, 2025, from HKD 1,875,000 in the prior year[66]. Strategic Initiatives - The group is focusing on enhancing brand awareness through digital marketing channels, targeting regions outside Hong Kong to attract a broader audience of students and parents[9]. - The group is developing an online service system to expedite the processing of inquiries and admissions applications, aiming to provide direct and immediate support to potential students and their families[9]. - The group is exploring the feasibility of developing education-related or auxiliary businesses, such as tutoring courses, to create new revenue streams[9]. - The group is actively seeking qualified consultants and strategic partners to enhance the quality and coverage of overseas education services[9]. - The board is committed to maintaining the group's competitiveness and improving service quality to achieve growth in a challenging business environment[10]. Financial Position - Cash and bank balances totaled approximately HKD 43.5 million as of September 30, 2025 (March 31, 2025: HKD 35.7 million), with the increase mainly due to improved operating cash flow[26]. - The total assets less current liabilities amounted to HKD 47,231,000, down from HKD 48,773,000 as of March 31, 2025[42]. - The group’s total equity decreased to HKD 47,114,000 from HKD 47,962,000 as of March 31, 2025[42]. - Trade receivables increased to HKD 3,780,000 as of September 30, 2025, up from HKD 3,672,000 as of March 31, 2025[61]. - Total liabilities for accrued expenses and other payables decreased to HKD 3,390,000 as of September 30, 2025, from HKD 3,735,000 as of March 31, 2025[63]. Shareholder Information - As of September 30, 2025, the major shareholder, Hong Yong, holds 892,710,000 shares, representing 51% of the total shares[74]. - Ms. Yin Xiaopei, as the spouse of Mr. Zhong, is also considered to hold 51% of the shares through her spouse[74]. - Song Wenxia holds 420,030,000 shares, accounting for 24% of the total shares[74]. - The number of issued and fully paid ordinary shares remained at 1,750,400,000 as of both September 30, 2025, and March 31, 2025[64]. Corporate Governance - The company confirmed compliance with the GEM Listing Rules regarding corporate governance throughout the reporting period[69]. - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[79]. - The audit committee has reviewed the unaudited financial statements for the six months ending September 30, 2025, confirming compliance with applicable accounting standards[79]. - No major shareholders or directors have interests in any competing businesses as of September 30, 2025[76]. Miscellaneous - The group did not recommend an interim dividend for the six months ended September 30, 2025, consistent with the previous year[57]. - The company did not declare an interim dividend for the six months ended September 30, 2025, consistent with the previous year[67]. - The company did not acquire any property, plant, or equipment during the six months ended September 30, 2025, compared to an acquisition of approximately HKD 10,000 in the previous year[59]. - The company applied new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on financial performance or disclosures[48]. - No stock options have been granted, exercised, or canceled from the adoption date of the stock option plan until September 30, 2025[78]. - The stock option plan allows for a maximum of 10% of issued shares to be granted without prior shareholder approval[78]. - The company aims to attract and retain talented employees through its stock option plan, which is valid for ten years from the adoption date[77].
大地教育(08417) - 2026 - 中期财报