Financial Performance - The group's revenue for the six months ended September 30, 2025, was HKD 973.4 million, an increase of 1.2% compared to HKD 961.8 million in the same period last year[8]. - Net profit attributable to equity shareholders was HKD 150 million, up 14% from HKD 131.6 million in the same period last year[8]. - The company reported a revenue of HKD 973,354,000 for the six months ended September 30, 2025, representing a year-over-year increase of 1.6% from HKD 961,807,000 in 2024[22]. - Gross profit for the same period was HKD 454,432,000, up 6.7% from HKD 426,097,000 in the previous year[22]. - Operating profit increased to HKD 167,620,000, a rise of 4.9% compared to HKD 160,522,000 in 2024[22]. - Profit attributable to equity shareholders for the period was HKD 150,034,000, reflecting a 14.0% increase from HKD 131,590,000 in the prior year[22]. - The total comprehensive income for the period was HKD 189,491,000, significantly higher than HKD 134,915,000 in 2024, driven by foreign exchange gains[24]. - The company's pre-tax profit for the six months ended September 30, 2025, was HKD 165,625,000, down from HKD 181,637,000 in the same period of 2024, indicating a decline of about 8.8%[43]. Dividends - The group declared an interim dividend of HKD 0.10 per ordinary share and a special dividend of HKD 0.20 per ordinary share[9]. - The board declared an interim dividend of HKD 0.10 per share and a special dividend of HKD 0.20 per share, totaling HKD 0.30 per share, which represents a 200% increase from the previous year[68]. - The total dividend payout ratio is 77.19%, up from 29.96% in 2024, with a total dividend amounting to approximately HKD 115.82 million, compared to HKD 39.42 million in 2024[68]. Sales Performance - Sales revenue in Hong Kong decreased by approximately 1.3% during the review period due to weak consumer confidence[10]. - In Taiwan, sales revenue decreased by 12.5% in local currency due to deteriorating market conditions and consumer behavior[10]. - In China, sales revenue increased by 28.3% in local currency as the group continued to expand its retail network[10]. - Revenue from luxury goods sales for the six months ended September 30, 2025, was HKD 893,140,000, a slight decrease of 1.0% from HKD 902,856,000 in 2024[37]. - Revenue from management and support services reached HKD 7,956,000 for the six months ended September 30, 2025, up from HKD 5,352,000 in 2024, indicating a growth of 48.73%[51]. Cash and Liquidity - The group holds net cash of HKD 2.72 billion, allowing it to manage the challenging retail environment and seek new investment opportunities[14]. - The company maintained a strong cash position with cash and bank balances of HKD 3,338,778,000, up from HKD 3,275,825,000[27]. - Operating cash before changes in working capital for the six months ended September 30, 2025, was HKD 202,442,000, compared to HKD 172,847,000 for the same period in 2024, representing an increase of 17.0%[29]. - Net cash generated from operating activities for the six months ended September 30, 2025, was HKD 7,112,000, down 94.5% from HKD 130,692,000 in 2024[29]. - The total cash and cash equivalents as of September 30, 2025, amounted to HKD 3,338,778,000, compared to HKD 3,448,661,000 at the end of the previous period, reflecting a decrease of 3.2%[29]. Assets and Liabilities - Non-current assets totaled HKD 491,042,000 as of September 30, 2025, down from HKD 569,760,000 at the end of March 2025[27]. - Current assets increased to HKD 4,522,135,000, compared to HKD 4,313,977,000 in March 2025, indicating improved liquidity[27]. - The company's net asset value rose to HKD 3,723,302,000 from HKD 3,533,811,000, reflecting a growth of 5.4%[27]. - Total liabilities, including accounts payable and accrued expenses, amounted to HKD 300,833,000, up from HKD 296,569,000 in the previous period[49]. - The total amount of bank loans secured as of September 30, 2025, was HKD 609,614,000, slightly up from HKD 605,309,000 at the end of March 2025[48]. Employment and Management - As of September 30, 2025, the group employed 590 staff, a decrease from 618 in 2024, with total employee costs amounting to HKD 116.6 million, compared to HKD 114.9 million in 2024[65]. - The chairman, Pan Disheng, will retire from his positions but will continue to support the group as a member and chairman of the investment committee[15]. - Changes in the board of directors include Mr. Pan Dingsheng retiring from his positions, while Mr. Chen Hansong has been appointed as the acting chairman and chairman of the nomination committee[75]. Market Outlook - The group anticipates continued weakness in the Hong Kong retail market due to structural changes in consumer behavior[12]. - The company did not report any major customer reliance, indicating a diversified customer base[37]. Accounting and Compliance - The company has adopted revised accounting standards with no significant impact on the interim financial report[34]. - The audit committee has reviewed the unaudited consolidated interim results for the six months ending September 30, 2025[76].
迪生创建(00113) - 2026 - 中期财报