Financial Performance - The group's revenue for the six months ended September 30, 2025, was approximately HKD 12.8 million, an increase of about 2.2% compared to the same period in 2024[11] - The loss attributable to the owners of the company for the six months ended September 30, 2025, was approximately HKD 1.9 million, a decrease of about 45.5% compared to the same period in 2024[11] - The basic and diluted loss per share for the six months ended September 30, 2025, was HKD 0.98, compared to HKD 1.80 for the same period in 2024[12] - For the six months ended September 30, 2025, the company reported a net loss of approximately HKD 1,886,000, compared to a net loss of HKD 3,456,000 for the same period in 2024, indicating an improvement in performance[26] - The company recorded a total comprehensive expense of HKD 1,876,000 for the six months ended September 30, 2025, compared to HKD 3,522,000 for the same period in 2024[26] - The group reported a pre-tax loss of HKD 2,942,000 for the six months ended September 30, 2025, compared to a loss of HKD 4,654,000 in 2024, showing an improvement of about 36.7%[37] Assets and Liabilities - Total assets less current liabilities as of September 30, 2025, amounted to HKD 14.9 million, compared to HKD 14.3 million as of March 31, 2025[15] - The company's net assets as of September 30, 2025, were HKD 12.1 million, down from HKD 14.0 million as of March 31, 2025[15] - The total liabilities as of September 30, 2025, were HKD 17.7 million, compared to HKD 15.0 million as of March 31, 2025[15] - The company has a net current liability of approximately HKD 1,121,000 as of September 30, 2025, raising concerns about its ability to continue as a going concern[26] - The company’s total equity attributable to owners decreased to HKD 14,261,000 as of September 30, 2025, down from HKD 22,212,000 as of April 1, 2024[26] Cash Flow - The company's cash and cash equivalents as of September 30, 2025, were HKD 8.99 million, an increase from HKD 6.80 million as of March 31, 2025[15] - The cash and cash equivalents increased by HKD 2,184,000 during the reporting period, rising from HKD 6,804,000 at the beginning to HKD 8,990,000 at the end[20] - Operating activities generated a net cash inflow of HKD 1,393,000, a significant recovery from a cash outflow of HKD 4,773,000 in the previous year[20] - The company’s financing activities generated a net cash inflow of HKD 753,000, a recovery from a net cash outflow of HKD 2,010,000 in the previous year[20] Operational Efficiency - The company reported a decrease in employee costs to HKD 2.94 million for the six months ended September 30, 2025, from HKD 4.65 million in the same period in 2024[12] - Employee costs decreased by approximately 36.8%, from HKD 4.7 million for the six months ended September 30, 2024, to HKD 2.9 million for the same period in 2025, representing a reduction in employee costs as a percentage of revenue from 37.2% to 23.0%[54] - Other operating expenses decreased by approximately HKD 1.0 million or 21.9% to about HKD 3.5 million for the six months ended September 30, 2025, primarily due to cost control measures implemented by the company[57] - The group plans to enhance cost control measures on inventory and operational expenses to improve operational efficiency and cash flow generation[28] Shareholder Information - The board of directors did not recommend the payment of any dividends for the six months ended September 30, 2025 (2024: none)[11] - The major shareholder, Jinshi No. 1 Limited Partnership Fund, holds 21,155,000 shares, representing 10.99% of the company's equity[77] - Jinshi Wealth Management Limited and Lin Yuzuo also hold 21,155,000 shares each, equivalent to 10.99% of the equity, as they are deemed to have interests in the shares held by Jinshi No. 1 Limited Partnership Fund[77] - No major or significant shareholders, other than those disclosed, hold or are deemed to hold interests that require disclosure under the Securities and Futures Ordinance as of September 30, 2025[78] Compliance and Governance - The company has adhered to the corporate governance code as stipulated in the GEM Listing Rules during the six months ending September 30, 2025[82] - An audit committee has been established to review financial data, internal controls, and risk management systems, ensuring compliance with applicable accounting standards and regulations[84] - All directors confirmed compliance with the trading standards and code of conduct for securities transactions during the six months ending September 30, 2025[81]
赏之味(08096) - 2026 - 中期财报