Financial Performance - The Group recorded consolidated revenue of HK$506 million for the Period, a decrease of 5.6% from HK$536 million in the Previous Period[8]. - Net profit attributable to Shareholders increased to HK$8.7 million, up from HK$7.1 million in the Previous Period, despite revenue decline[10]. - Basic earnings per share for the Period were 0.73 HK cents, compared to 0.60 HK cents in the Previous Period[11]. - Profit for the period was HK$8,544,000, compared to HK$7,064,000 in the previous year, marking a year-on-year increase of 20.9%[99]. - The Company reported a profit of HK$8,692,000 for the six months ended September 30, 2025, compared to a profit of HK$7,135,000 for the same period in 2024, indicating an increase of 21.8%[105]. - The Group's profit before income tax for the period was HK$13,137,000, an increase of 23.3% from HK$10,653,000 in the prior year[143]. Segment Performance - The FUJIFILM Photographic Products segment saw overall sales surge by 27.7% year-on-year, driven by a 37.5% increase in digital camera sales[12]. - The Consumer Electronic Products and Household Appliances segment reported a sales decline of 25.9% year-on-year, attributed to post-pandemic demand saturation[18]. - The television category faced a decline of 34.8% due to price competition from Chinese-brand electronics[19]. - The B-to-B commercial and professional AV products segment experienced a 24.5% year-on-year sales decrease, with interactive digital boards plummeting by 68.3% due to competition[25][30]. - Skincare products reported a 5.2% sales decline, impacted by parallel imports and the depreciation of the Japanese Yen[27][31]. - The imaging services segment saw a 13.5% sales drop, driven by a 9.3% contraction in photo D&P services and a 16.2% decline in ID photo-taking services[33]. Strategic Initiatives - The Group pivoted its focus to the premium AV segment, achieving a 4.5% growth in AV sales[20]. - A milestone was achieved with the launch of the first authorized FUJIFILM HOP in the Greater Bay Area, enhancing community engagement and product trial opportunities[16]. - The Group organized targeted campaigns around the X-HF1 launch to reinforce its brand image and engage consumers[17]. - The introduction of new services like selfie booths and pet photo-taking is expected to drive future growth for the imaging services segment[34]. Financial Position - The Group's cash and bank balances, and time deposits stood at HK$230 million as of September 30, 2025, with no debt, ensuring adequate liquidity for current and future working capital requirements[50]. - Trade receivables were HK$51 million and inventories were valued at HK$185 million as of September 30, 2025, with ongoing efforts in credit control and prudent inventory management[51]. - The Group invested HK$10.8 million in capital expenditures during the period, financed from internal resources, including machinery and equipment[53]. - Total assets as of September 30, 2025, amounted to HK$924,102,000, an increase from HK$892,331,000 as of March 31, 2025[101]. - Total liabilities increased to HK$240,248,000 as of September 30, 2025, up from HK$217,615,000 as of March 31, 2025, representing an increase of 10.5%[103]. Shareholder Information - Directors' interests in shares included Dr. Sun Tai Lun Dennis holding 712,496,214 shares, representing 60.11% of the company's issued share capital[63]. - Mr. Sun Tao Hung Stanley and Mr. Sun Tao Hsi Ryan each held 711,276,214 shares, accounting for 60.01% of the issued share capital[63]. - Fine Products Limited holds 700,034,214 Shares, which is 59.06% of the Company's issued share capital[70]. - The interests of substantial shareholders are recorded in the register of interests as required by Section 336 of the SFO[68]. Governance and Compliance - The Audit Committee, comprising four Independent Non-executive Directors and one Non-executive Director, reviewed the Group's financial statements for the period[84]. - The Company has established written guidelines for securities transactions by employees likely to possess unpublished price-sensitive information[79]. - The Company has complied with the corporate governance code throughout the period[77]. - No incidents of non-compliance with the written guidelines by employees were noted[79]. Risk Management - The Group's activities expose it to various financial risks, including foreign exchange risk, interest rate risk, credit risk, and liquidity risk[127]. - There have been no changes in the risk management policies since the last year-end[128]. - The Group maintains a conservative approach to financial risk management and does not engage in high-leverage or speculative derivative products[59]. Employee Information - The Group's human resources increased to 592 employees as of September 30, 2025, reflecting a commitment to employee development and competitive remuneration packages[55]. - The total compensation paid to key management personnel for the six months ended September 30, 2025, was HK$3,552,000, a decrease from HK$3,800,000 for the same period in 2024[199]. - The total compensation for short-term employee benefits decreased to HK$3,525,000 in 2025 from HK$3,773,000 in 2024[199].
中港照相(01123) - 2026 - 中期财报