Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 920,736,000, a decrease of 8.6% compared to HKD 1,007,579,000 for the same period in 2024[7] - Gross profit increased to HKD 41,866,000, up 5.8% from HKD 39,576,000 year-on-year[7] - Operating loss narrowed to HKD 11,181,000 from HKD 17,097,000 in the previous year, indicating improved operational efficiency[7] - Net loss for the period was HKD 10,136,000, a reduction from HKD 17,850,000 in the prior year[10] - Basic and diluted loss per share improved to HKD 1.23 from HKD 2.17 year-on-year[7] - The total comprehensive income for the six months ended September 30, 2025, was a loss of HKD 6,062,000, while it was a loss of HKD 16,033,000 for the same period in 2024[15] - The group reported a pre-tax loss of HKD 10,456,000 for the six months ended September 30, 2025, compared to a loss of HKD 16,340,000 for the same period in 2024[31] - The basic loss per share for the six months ended September 30, 2025, was HKD 10,228,000, compared to HKD 17,991,000 for the same period in 2024[36] - The company reported a loss attributable to equity shareholders of approximately HKD 10.2 million, narrowing from a loss of HKD 18 million in the previous period[60] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 783,221,000, slightly down from HKD 790,149,000 as of March 31, 2025[12] - Total segment loss for the six months ended September 30, 2025, was HKD 16,059,000, an improvement from a loss of HKD 18,458,000 in the same period of 2024[30] - The group's total assets as of September 30, 2025, were HKD 812,879,000, with total liabilities of HKD 47,253,000[28] - The company’s total equity as of September 30, 2025, was HKD 765,950,000, a decrease from HKD 796,706,000 as of April 1, 2025[15] - Accounts payable decreased to HKD 1,963,000 as of September 30, 2025, down 18.9% from HKD 2,418,000 as of March 31, 2025[43] - Bank borrowings decreased significantly to HKD 2,887,000 as of September 30, 2025, compared to HKD 7,709,000 as of March 31, 2025[44] - The company’s investment activities resulted in a net cash outflow of HKD 497,000 for the six months ended September 30, 2025, compared to HKD 2,729,000 in the same period of 2024[17] - The company’s financing activities resulted in a net cash outflow of HKD 6,197,000 for the six months ended September 30, 2025, compared to a net cash inflow of HKD 12,366,000 in the same period of 2024[17] Cash Flow and Liquidity - Cash and cash equivalents increased to HKD 239,398,000 from HKD 219,662,000, reflecting better liquidity management[12] - Operating cash flow for the six months ended September 30, 2025, was HKD 25,321,000, a significant improvement from the cash used of HKD 60,152,000 in the same period of 2024[17] - The company reported a net cash increase of HKD 18,502,000 for the six months ended September 30, 2025, compared to a decrease of HKD 51,040,000 in the same period of 2024[17] - The company reported cash and cash equivalents of HKD 239,398,000 as of September 30, 2025, an increase of 9% from HKD 219,662,000 as of March 31, 2025[42] - The total amount of short-term bank deposits was HKD 40,779,000 as of September 30, 2025, an increase of 34.5% from HKD 30,334,000 as of March 31, 2025[42] Inventory and Cost Management - Inventory decreased to HKD 188,285,000 from HKD 228,328,000, indicating improved inventory turnover[12] - The cost of inventory recognized as an expense for the six months ended September 30, 2025, was HKD 880,450,000, down from HKD 968,287,000 in the same period of 2024[40] - Financing costs decreased to HKD 300,000 from HKD 500,000 in the previous period, indicating improved financial management[62] Operational Efficiency - The company aims to enhance its operational efficiency and resource utilization through the recovery of remaining land[66] - The company is focusing on responsible supply chain management and sustainable manufacturing practices to navigate market challenges and enhance operational stability[63] - The company is focusing on green transformation and circular economy initiatives to meet the growing market demand for sustainable metal solutions[69] Market and Segment Performance - Revenue from the Hong Kong segment was HKD 402,601,000 with a segment loss of HKD 10,187,000, while the China segment generated HKD 518,135,000 with a segment loss of HKD 5,872,000[28] - Sales volume decreased by 8.8% to approximately 39,300 tons, compared to 43,100 tons in the previous period[60] - Zinc prices steadily increased during the period, trading between approximately USD 2,520 and USD 3,019 per ton, with a closing price of approximately USD 3,016 per ton on September 30, 2025[61] Corporate Governance and Shareholder Information - The board of directors does not recommend the distribution of an interim dividend[73] - Major shareholders hold 600,000,000 shares, representing approximately 72.40% of the issued share capital[83] - The company did not purchase, sell, or redeem any of its shares during the interim period[86] - The company has complied with the corporate governance code as per the Stock Exchange Listing Rules[87]
利记(00637) - 2026 - 中期财报