Financial Performance - For the six months ended September 30, 2025, the group's unaudited revenue was approximately HKD 60,007,000, a decrease of about 1.78% compared to HKD 61,094,000 for the same period in 2024[4] - The loss attributable to owners of the company for the six months ended September 30, 2025, was approximately HKD 6,486,000, compared to a loss of HKD 2,425,000 for the same period in 2024[4] - The loss per share from continuing operations for the six months ended September 30, 2025, was approximately HKD 0.25, compared to HKD 0.09 for the same period in 2024[6] - The total comprehensive loss for the period was HKD 6,553,000, compared to HKD 2,403,000 for the same period in 2024[6] - The company recorded a net loss of HKD 6,486,000 for the six months ended September 30, 2025, compared to a net loss of HKD 2,425,000 in the same period of 2024[16] - The group reported a pre-tax loss of HKD 6,486,000 for the six months ended September 30, 2025, compared to a loss of HKD 2,425,000 for the same period in 2024, indicating a significant increase in losses[27] Revenue Breakdown - The revenue from IP automation and entertainment increased significantly to HKD 15,732,000, up 58.5% from HKD 9,907,000 in 2024[14] - The dry bulk shipping and logistics services revenue decreased to HKD 44,275,000, down 13.5% from HKD 51,187,000 in 2024[14] - Revenue from dry bulk shipping and logistics services decreased by approximately 13.50% to HKD 44,280,000 for the six months ended September 30, 2025, down from HKD 51,190,000 in 2024[38] - The IP automation and entertainment business generated revenue of approximately HKD 15,730,000, representing an increase of about 58.73% compared to HKD 9,910,000 in 2024, driven by new store openings in Macau[39] Assets and Liabilities - Non-current assets increased to HKD 17,053,000 as of September 30, 2025, from HKD 14,893,000 as of March 31, 2025[7] - Current assets decreased to HKD 26,314,000 as of September 30, 2025, from HKD 30,011,000 as of March 31, 2025[8] - Total liabilities increased to HKD 49,493,000 as of September 30, 2025, compared to HKD 42,417,000 as of March 31, 2025[8] - The company's equity attributable to owners was a deficit of HKD 8,864,000 as of September 30, 2025, compared to a deficit of HKD 2,311,000 as of March 31, 2025[8] - The company's total assets as of September 30, 2025, were HKD 43,367,000, a decrease from HKD 52,185,000 as of September 30, 2024[19] - Total liabilities increased to HKD 52,231,000 as of September 30, 2025, compared to HKD 35,216,000 in the previous year[19] Cash Flow and Expenses - Cash flow from operating activities showed a net inflow of HKD 331,000, a significant improvement from a net outflow of HKD 4,331,000 in 2024[11] - The company reported a financing cost of HKD 26,000 for the six months ended September 30, 2025, compared to HKD 7,000 in 2024[20] - The company reported a significant increase in administrative and operating expenses to HKD 14,646,000 for the six months ended September 30, 2025, compared to HKD 9,138,000 for the same period in 2024[5] - Administrative and operating expenses increased by approximately 60.28% to about HKD 14,646,000 compared to approximately HKD 9,138,000 in the same period of 2024[41] - Total employee benefits expenses, including salaries and retirement contributions, were HKD 6,214,000 for the six months ended September 30, 2025, compared to HKD 6,545,000 in 2024[26] Dividends and Shareholder Information - The board does not recommend the payment of an interim dividend for the six months ended September 30, 2025[4] - The group did not declare any dividends for the six months ended September 30, 2025, consistent with the previous year[22] - The average number of issued ordinary shares remained constant at 2,612,959,333 for both periods[27] - As of September 30, 2025, Ms. He Chaoyuan holds 407,890,000 shares, representing approximately 15.61% of the company[54] - Ms. Wen Yingyi holds 441,900,000 shares, representing approximately 16.91% of the company[54] - Mr. Liu Lingde holds 43,937,500 shares, representing approximately 1.78% of the company[54] - Mr. Chen Yufeng holds 251,462,500 shares, representing approximately 9.62% of the company[55] - Mr. Zhao Genlong holds 200,000,000 shares, representing approximately 7.65% of the company[55] Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited interim financial statements for the six months ending September 30, 2025[62] - The company has adopted a code of conduct for securities trading by directors, which complies with GEM Listing Rules[59] - The company has adhered to the corporate governance code as per GEM Listing Rules, with the exception of the chairman's absence at the annual general meeting[60][61] - The company has no knowledge of any interests held by directors or major shareholders in competing businesses[58] Strategic Initiatives - The company plans to continue focusing on expanding its IP automation and entertainment business to drive future growth[12] - The group operates two "Ganawawa" stores, which underperformed during the reporting period, prompting a review of business and marketing strategies[49] - A collaboration agreement has been established with a major integrated resort in Macau for the operation of a pop-up store, expected to enhance the group's reputation and business opportunities[52] - The group is focusing on a cautious light-asset strategy in the logistics service business, particularly in dry bulk shipping and marine freight agency services[49] - The indoor theme park based on the international IP brand Nickelodeon in Macau is in the final stages of renovation, with the first phase opened in July 2025 and full opening expected by Q1 2026[50] - The group is seeking opportunities to design, build, and operate themed amusement areas in shopping centers and entertainment venues in China[51] Tax and Provisions - The group reported a provision for current tax in Hong Kong of HKD 50,476,000 for the period[24] - The group has no significant contingent liabilities as of September 30, 2025, maintaining a stable financial position[33]
宏海控股集团(08020) - 2026 - 中期业绩