Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 425,046,000, representing a 8.4% increase from HKD 392,170,000 in the same period of 2024[6] - Gross profit increased to HKD 125,081,000, up 9.1% from HKD 114,989,000 year-over-year[6] - Operating profit rose significantly to HKD 55,745,000, compared to HKD 30,483,000 in the previous year, marking an 82.9% increase[6] - Net profit for the period was HKD 44,258,000, a 59.3% increase from HKD 27,782,000 in the prior year[6] - Basic and diluted earnings per share increased to HKD 7.32, up from HKD 4.50, reflecting a 62.7% growth[7] - Total comprehensive income for the period was HKD 53,238,000, compared to HKD 37,645,000 in the same period last year, indicating a 41.4% increase[8] Revenue Breakdown - Revenue from the toy segment reached HKD 277,899,000, up 22.3% from HKD 227,268,000 in the previous year[23] - The computer products segment generated revenue of HKD 36,432,000, down 39.7% from HKD 60,419,000 in the prior year[23] - The watch division's revenue increased by 7% to HKD 111 million, but operating profit slightly decreased from HKD 7 million to HKD 6.8 million due to product mix adjustments[54] Assets and Liabilities - Current assets increased to HKD 691,961,000 from HKD 596,344,000, a growth of 16.0%[9] - Total liabilities increased to HKD 261,939,000 from HKD 207,961,000, reflecting a 26.0% rise[10] - Total assets as of September 30, 2025, increased to HKD 916,144,000 from HKD 826,822,000, reflecting a growth of 10.8%[30] - Total liabilities rose to HKD 291,001,000 from HKD 236,782,000, marking an increase of 22.9%[30] Cash Flow and Investments - The net cash used in operating activities was HKD (49,363,000), a decline from HKD 31,746,000 generated in the same period last year[17] - The company’s investment activities generated a net cash inflow of HKD 21,598,000, significantly higher than HKD 2,871,000 in the previous year[17] - Cash and cash equivalents decreased by HKD 29,730,000, ending at HKD 238,726,000 as of September 30, 2025[17] Dividends - The company declared a dividend of HKD 18,135,000 to shareholders, marking a return to dividend payments[10] - The company declared an interim dividend of HKD 0.03 per share, consistent with the previous year[34] - The board declared an interim dividend of HKD 0.03 per share, totaling HKD 18 million, consistent with the previous year[60] Shareholder Information - Major shareholders include Ms. Wu Yaozhi with 106,639,893 shares (17.64%) and Ms. Zhang Yi with 69,504,057 shares (11.50%) as of September 30, 2025[70] - The company reported a total of 1,000,000,000 shares with a par value of HKD 0.01, resulting in a statutory capital of HKD 78,000,000[43] Corporate Governance - The company has established a remuneration committee consisting of two independent non-executive directors and one executive director[77] - The audit committee is composed of three independent non-executive directors and meets regularly with senior management and external auditors[75] - The company has adopted a set of conduct rules for directors' securities trading that meet or exceed the required standards[80] - The company has complied with the Corporate Governance Code as stipulated in the listing rules during the six-month period ending September 30, 2025[79] Employee Information - The total employee cost for the group during the review period was HKD 164,371,000, an increase from HKD 146,435,000 in the previous year[73] - The group employed a total of 2,624 staff as of September 30, 2025, compared to 2,282 staff in the previous year[73] Other Financial Metrics - The group recorded net realized and unrealized gains from trading securities of HKD 13 million, up from HKD 9.9 million in the previous year[54] - The group's debt-to-asset ratio was 32% as of September 30, 2025, up from 29% as of March 31, 2025[57] - The total remuneration for key management personnel for the six months ended September 30, 2025, was HKD 13,405,000, an increase from HKD 10,114,000 for the same period in 2024, representing a rise of 32%[51]
HERALD HOLD(00114) - 2026 - 中期财报