Financial Performance - The company reported a revenue of HKD 204,253,000 for the six months ended September 30, 2025, a decrease of 14.5% compared to HKD 238,901,000 in the same period of 2024[8]. - Gross profit for the same period was HKD 96,031,000, down 9.4% from HKD 106,041,000 year-on-year[8]. - The company recorded a loss before tax of HKD 40,384,000, an improvement from a loss of HKD 48,075,000 in the previous year, indicating a 16.5% reduction in losses[8]. - Total comprehensive loss for the period was HKD 38,767,000, compared to a loss of HKD 44,784,000 in the prior year, reflecting a 13.5% improvement[8]. - The company reported a net loss of HKD 40,452,000 for the period, with current liabilities exceeding current assets by HKD 148,622,000[14]. - The basic and diluted loss per share for the period was HKD 1.607, compared to HKD 1.934 in the previous year, indicating a reduction in loss per share by 16.9%[8]. - The group reported a net loss of HKD 40,452,000 for the six months ended September 30, 2025, an improvement from a net loss of HKD 48,698,000 in 2024[48]. Revenue Breakdown - The total revenue for the six months ended September 30, 2025, was HKD 204,253,000, with HKD 150,720,000 from cosmetics and HKD 53,533,000 from fashion[20]. - Revenue from cosmetics decreased by 15.7% compared to HKD 178,701,000 in the same period of 2024, while fashion revenue decreased by 11.1% from HKD 60,200,000[22]. - The cosmetics segment generated revenue of HKD 150,720,000, a decline of 15.7% from HKD 178,701,000 in 2024, with a segment loss of HKD 13,454,000[49]. - The fashion segment's revenue was HKD 53,533,000, down 11.1% from HKD 60,200,000 in 2024, with a segment loss of HKD 12,705,000[50]. Assets and Liabilities - Non-current assets decreased to HKD 605,123,000 as of September 30, 2025, from HKD 629,042,000 as of March 31, 2025, a decline of 3.8%[9]. - Current assets also fell to HKD 166,045,000 from HKD 182,911,000, representing a decrease of 9.2%[9]. - The company's total liabilities increased to HKD 730,631,000 as of September 30, 2025, compared to HKD 732,676,000 as of March 31, 2025, showing a slight decrease of 0.3%[10]. - The net asset value dropped significantly to HKD 40,537,000 from HKD 79,277,000, a decline of 48.9%[10]. - As of September 30, 2025, the company had total bank borrowings of HKD 178,095,000, down from HKD 205,422,000 as of March 31, 2025[41]. Cash Flow - The company reported a net cash inflow from operating activities of HKD 28,646,000 for the six months ended September 30, 2025, compared to a net outflow of HKD 20,307,000 in the same period of 2024[13]. - The company reported a total cash outflow from financing activities of HKD 30,060,000 for the period, compared to an inflow of HKD 39,533,000 in the previous year[13]. - Cash and bank balances at the end of the reporting period were HKD 12,300,000, down from HKD 13,126,000 as of March 31, 2025[55]. - The cash and cash equivalents decreased by HKD 819,000 during the period, resulting in a balance of HKD 12,300,000 as of September 30, 2025[13]. Operational Measures - The company is actively negotiating the renewal of existing bank credit and considering potential external financing options to ensure sufficient working capital for at least the next 12 months[15]. - The company is implementing measures to mitigate cash outflows and enhance operational cash flow sensitivity in light of potential downside risks[17]. - The group aims to optimize its product mix and enhance product appeal to improve overall revenue and gross margin[52]. Employee and Governance - The group employed approximately 730 employees as of September 30, 2025, a decrease of 14.12% from approximately 850 employees on March 31, 2025[60]. - The group did not purchase, sell, or redeem any of its listed securities during the six months ended September 30, 2025[67]. - The board confirmed compliance with all applicable code provisions of the Corporate Governance Code during the six months ended September 30, 2025[69]. - The independent auditor did not review the group's unaudited results for the six months ended September 30, 2025, but the results were reviewed by the audit committee[71]. - The chairman expressed gratitude to all employees for their loyal service and contributions during the period[72].
威高国际(01173) - 2026 - 中期财报