Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 17,883,000, an increase of 10.7% compared to HKD 16,150,000 for the same period in 2024[4] - Gross profit decreased to HKD 1,395,000, down 36.5% from HKD 2,203,000 year-on-year[4] - The company reported a loss before tax of HKD 761,000, an improvement from a loss of HKD 993,000 in the previous year[4] - Basic and diluted loss per share improved to HKD 0.09 from HKD 0.11 year-on-year[5] - The total loss for the period was HKD 804,000, a decrease from a loss of HKD 993,000 in the previous year, reflecting an improvement of 19.1%[30] - The lending business recorded a revenue of HKD 500,000 for the period, with a positive outlook for continued market demand and contribution to overall performance[50] Assets and Liabilities - Current assets increased to HKD 63,307,000 from HKD 55,032,000, reflecting a growth of 15.6%[6] - Cash and cash equivalents at the end of the period rose to HKD 9,005,000, up from HKD 5,877,000, marking a 53.9% increase[6] - Total liabilities increased to HKD 51,351,000 from HKD 47,772,000, a rise of 7.4%[6] - The net asset value decreased to HKD 6,456,000 from HKD 7,260,000, a decline of 11.1%[6] - As of September 30, 2025, the net asset value decreased by 11% to HKD 6,500,000 from HKD 7,300,000 as of March 31, 2025[52] - Cash and cash equivalents increased to HKD 9,000,000 from HKD 5,900,000 as of March 31, 2025[53] - The debt-to-equity ratio rose to 64.1% from 46.4% due to an increase in bonds payable[53] Operational Efficiency - Operating cash flow for the period was a net outflow of HKD 1,982,000, compared to a net inflow of HKD 403,000 in the previous year[11] - Operating expenses decreased by 30.4% to HKD 1,600,000 from HKD 2,300,000 in the previous year, mainly due to reduced operational costs[47] - The cost of inventory recognized as an expense was HKD 16,488,000, compared to HKD 13,947,000, marking an increase of 18.2%[30] - The cost of goods sold increased to HKD 16,500,000 from HKD 13,900,000, reflecting the rise in revenue[46] - The overall gross profit decreased by 36.4% to HKD 1,400,000 compared to HKD 2,200,000 in the previous year, primarily due to sales of low-margin products[46] Investments and Financing - Financing activities generated a net cash inflow of HKD 5,110,000, contrasting with a net outflow of HKD 195,000 in the same period last year[11] - The company issued unsecured bonds totaling HKD 5,500,000 with an interest rate of 6% on September 25, 2025[40] - The group achieved an unrealized net gain of HKD 2,100,000 from securities investments, up from HKD 1,200,000 in the previous year[51] - The group held financial assets at fair value of approximately HKD 13,500,000, with significant investments in New Tech Company and China Investment Group[55] Corporate Governance - The company did not recommend any dividends for the six months ended September 30, 2025, consistent with the previous year[44] - The company did not acquire any property, plant, and equipment during the six months ended September 30, 2025[32] - The company has adopted a code of conduct for securities trading by directors, which complies with GEM Listing Rules[73] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated interim financial statements for the six months ending September 30, 2025[76] - The company has complied with the Corporate Governance Code throughout the six months ending September 30, 2025, with minor exceptions regarding the notice period for board meetings[74] - The board will continue to monitor and review corporate governance principles and practices to ensure compliance[75] - No related party transactions were identified that require disclosure in this report[70] Shareholder Information - As of September 30, 2025, the total number of issued ordinary shares is 890,722,800[66] - Ms. Lin Shuo holds 2,790,000 shares, representing approximately 0.31% of the total issued shares[66] - Mr. Yuan Xiaotong holds 186,820,000 shares, representing approximately 20.97% of the total issued shares[66] - No other individuals, apart from the disclosed parties, hold any interests or positions that require disclosure under the Securities and Futures Ordinance as of September 30, 2025[67] - The company did not purchase, sell, or redeem any of its listed securities during the six months ending September 30, 2025[71] Market Outlook and Strategy - The company plans to expand its sales channels and offer flexible credit terms to attract distributors and maximize profits[49] - The group plans to continue developing its existing business through organic growth or acquisitions, aiming to diversify and enhance shareholder returns[60] - The group maintains a conservative inventory policy and actively assesses credit risk to mitigate potential losses[57] - There were no significant acquisitions or disposals during the reporting period[54] - No significant contingent liabilities or asset pledges were reported as of September 30, 2025[58]
倍升教育科技(08269) - 2026 - 中期财报