Financial Performance - Total revenue for the period reached HKD 416.3 million, an increase of 7.5% from HKD 387.3 million in the same period last year[6]. - The net profit attributable to the company's owners was HKD 39.7 million, up from HKD 37.0 million year-on-year, representing a growth of 7.2%[6]. - Retail business revenue increased by 7.4% to HKD 415.7 million, despite a challenging economic environment in Hong Kong and mainland China[7]. - Same-store sales for gold, jewelry, and watch businesses grew by 11.2% during the period[9]. - Gross profit margin improved from 31.9% to 34.2%, driven by better performance in the jewelry segment and rising gold prices[10]. - Revenue for the six months ended September 30, 2025, was HKD 416,269,000, an increase of 7.5% compared to HKD 387,301,000 for the same period in 2024[34]. - Gross profit for the same period was HKD 142,161,000, representing a gross margin of 34.1%, up from HKD 123,546,000 and a margin of 31.9% in 2024[34]. - Operating profit increased to HKD 42,795,000, a rise of 15.4% from HKD 36,926,000 in the previous year[34]. - Profit before tax was HKD 39,720,000, up 14.1% from HKD 34,644,000 in 2024[34]. - Net profit for the period was HKD 39,720,000, compared to HKD 37,044,000 in the same period last year, reflecting a growth of 7.2%[34]. Assets and Liabilities - As of September 30, 2025, the group's current assets and current liabilities were approximately HKD 976.0 million and HKD 232.1 million, respectively[13]. - The total borrowings amounted to HKD 124.9 million, resulting in a healthy debt-to-equity ratio of 15.0%[13]. - Total assets as of September 30, 2025, amounted to HKD 1,082,182,000, an increase from HKD 1,006,656,000 as of March 31, 2025[35]. - Current assets increased to HKD 975,951,000 from HKD 899,721,000, indicating a growth of 8.5%[35]. - Inventory levels rose to HKD 498,370,000, up from HKD 420,218,000, reflecting an 18.6% increase[35]. - The company's equity attributable to owners increased to HKD 833,261,000 from HKD 818,232,000, a growth of 1.8%[35]. Shareholder Information - As of September 30, 2025, the company had a total of 909,308,465 ordinary shares issued, with major shareholder Yang Zhicheng Holdings Limited holding 586,195,857 shares, representing 64.47% of the issued share capital[22]. - The company’s directors held the following shares: Mr. Tang Rishen with 7,528,500 shares (0.83%), Mr. He Houxi with 6,657,000 shares (0.73%), and Dr. Feng Yubin with 5,856,517 shares (0.64%) as of September 30, 2025[19][20]. - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the reporting period[23]. Dividends and Policies - The company has not established a dividend policy or predetermined dividend rate, with future dividends to be considered based on various factors including market conditions and financial status[25]. - The group declared an interim dividend of HKD 0.4 per ordinary share, totaling HKD 3,637,000, consistent with the previous year's interim dividend[56]. - The company paid dividends amounting to HKD 4,000, compared to HKD 1,000 in the previous year[38]. - The company declared dividends payable of HKD 24,075,000 as of September 30, 2025, compared to HKD 437,000 as of March 31, 2025, showing a substantial rise in dividend obligations[21]. Cash Flow and Expenditures - Cash generated from operating activities showed a net outflow of HKD 3,566,000, a significant decrease from a net inflow of HKD 38,333,000 in the previous year[38]. - Cash and cash equivalents increased by HKD 63,804,000, compared to a decrease of HKD 38,476,000 in the same period last year, resulting in a total of HKD 340,534,000 at the end of the period[38]. - The company’s cash flow from financing activities showed a net outflow of HKD 880,000, a significant improvement from a net outflow of HKD 22,719,000 in the previous year[38]. - Capital expenditure for the period was approximately HKD 0.1 million, primarily for equipment costs[16]. - The group incurred capital expenditures of approximately HKD 121,000 during the six months ended September 30, 2025, compared to HKD 4,637,000 for the same period in 2024, primarily related to the acquisition of leased property renovations, furniture, and equipment[60]. Auditor and Compliance - The company’s auditor, Hong Kong Lixin Dehao Accounting Firm, reviewed the interim financial statements without any reservations, confirming compliance with Hong Kong Accounting Standards[31]. - The company has adopted a standard code for securities trading by directors, ensuring compliance throughout the reporting period[24]. Financial Instruments and Valuation - The fair value of listed debt instruments as of September 30, 2025, was HKD 32,218,000 (unaudited), up from HKD 31,772,000 as of March 31, 2025[89]. - The fair value of non-listed debt instruments increased to HKD 19,692,000 (unaudited) from HKD 15,534,000 as of March 31, 2025[89]. - The fair value of non-listed equity securities decreased to HKD 1,284,000 (unaudited) from HKD 2,380,000 as of March 31, 2025, reflecting a change of HKD (1,096,000) in other comprehensive income[92]. - The group’s financial liabilities related to gold borrowing were valued at HKD 124,914,000 (unaudited) as of September 30, 2025, compared to HKD 80,322,000 as of March 31, 2025[90]. Management and Governance - The total compensation for executive directors and other key management personnel was HKD 9,105,000 (unaudited), an increase of 9% from HKD 8,350,000 in the previous year[88]. - The report is signed by the chairman, Mr. Tang Yat-shan, on November 14, 2025[96].
景福集团(00280) - 2026 - 中期财报