Financial Performance - The company reported revenue of HKD 19,036,000 for the six months ended September 30, 2025, representing a significant increase of 161.5% compared to HKD 7,296,000 for the same period in 2024[10]. - Gross profit for the same period was HKD 5,745,000, up 162.5% from HKD 2,185,000 year-over-year[10]. - Operating loss decreased to HKD 3,412,000 from HKD 5,498,000, indicating an improvement in operational efficiency[10]. - The company reported a net loss of HKD 3,433,000 for the period, a reduction from HKD 5,503,000 in the previous year[10]. - Basic and diluted loss per share improved to HKD 1.59 from HKD 2.56 year-over-year[10]. - The company incurred total comprehensive expenses of HKD 5,511,000 during the first half of 2025, compared to HKD 3,434,000 in the second half of 2024, representing an increase of 60.5%[13]. - The group recorded a pre-tax loss of approximately HKD 3.4 million for the six months ending September 30, 2025, a reduction of HKD 2.1 million or 37.6% from a pre-tax loss of approximately HKD 5.5 million for the same period in 2024, primarily due to successful expansion in the Chinese market[76]. Assets and Liabilities - Total assets as of September 30, 2025, were HKD 49,982,000, compared to HKD 39,845,000 as of March 31, 2025[11][12]. - The company’s total liabilities increased to HKD 24,635,000 from HKD 11,064,000, indicating a rise in financial obligations[12]. - The company has a total equity of HKD 25,347,000 as of September 30, 2025, down from HKD 28,781,000 as of March 31, 2025[12]. - Trade receivables increased to HKD 7,247,000 as of September 30, 2025, up from HKD 4,841,000 as of March 31, 2025[52]. - Total liabilities increased to HKD 14,553,000 as of September 30, 2025, compared to HKD 6,403,000 as of March 31, 2025[56]. - Non-current assets increased to HKD 20,617,000 as of September 30, 2025, from HKD 20,257,000 as of March 31, 2025[45]. - Current assets decreased to HKD 6,000 as of September 30, 2025, from HKD 18,000 as of March 31, 2025[45]. Revenue Sources - Revenue from interior design and execution services was HKD 18,930,000, up from HKD 7,296,000, indicating a growth of 159.5% year-over-year[27]. - Revenue from mainland China surged to HKD 12,901,000, compared to HKD 496,000 in the previous year, reflecting a growth of 2,596.8%[29]. - Revenue from the Hong Kong business was approximately HKD 6.1 million, a slight decrease of about HKD 0.7 million or 9.8% compared to HKD 6.8 million for the same period in 2024[68]. - Revenue from the China market surged from approximately HKD 0.5 million in the previous year to HKD 12.9 million for the six months ended September 30, 2025, accounting for approximately 67.8% of total revenue[68]. Cash Flow and Liquidity - Cash and cash equivalents increased to HKD 6,369,000 from HKD 3,161,000, reflecting improved liquidity[11]. - The net cash generated from operating activities for the six months ended September 30, 2025, was HKD 3,203,000, an increase of 57.5% compared to HKD 2,031,000 for the same period in 2024[15]. - The total cash and cash equivalents at the end of the period increased to HKD 6,369,000 from HKD 6,315,000, reflecting a net increase of HKD 3,208,000[15]. - The group’s cash and cash equivalents were approximately HKD 6.4 million as of September 30, 2025, compared to approximately HKD 3.2 million on March 31, 2025[81]. - The current ratio was approximately 1.3 times as of September 30, 2025, down from approximately 1.8 times on March 31, 2025[83]. Corporate Governance - The company emphasizes high standards of corporate governance as essential for sustainable growth, based on GEM Listing Rules Appendix C1[108]. - The roles of the Chairman and CEO are currently held by the same individual, which the board believes enhances leadership and strategic planning efficiency[109]. - An independent non-executive director was unable to attend the annual general meeting on September 19, 2025, but the company has complied with all other corporate governance rules[110]. - The audit committee has been established to oversee the relationship with auditors and review financial information, consisting of two independent non-executive directors[114]. - The interim financial results for the six months ending September 30, 2025, have not been audited but have been reviewed by the audit committee[115]. Future Plans and Strategy - The company plans to continue focusing on market expansion and new product development to drive future growth[9]. - The group aims to maintain sustainable growth and strengthen its overall competitiveness in the Hong Kong interior design industry[65]. - The group plans to continue leveraging its competitive advantages to capture opportunities and implement strategies such as maintaining and consolidating its market position in Hong Kong[66]. - The group is actively expanding its market coverage in mainland China, targeting emerging sectors such as higher education institutions and student accommodation[64]. - The group has successfully diversified its customer base and project portfolio to mitigate the impact of the slowdown in the Hong Kong property development industry[68]. - The group’s management believes that the ongoing urbanization process in mainland China, along with investments in education and hospitality, will drive continued growth in interior design services[65].
客思控股(08173) - 2026 - 中期财报