Financial Performance - For the six months ended September 30, 2025, the Company reported revenue of HK$37,641,000, an increase of 16.9% compared to HK$32,207,000 for the same period in 2024[13][14]. - The gross profit for the same period was HK$10,324,000, down 28.1% from HK$14,348,000 in 2024[14]. - The loss from operations increased to HK$4,974,000, compared to a loss of HK$3,326,000 in the previous year, reflecting a deterioration of 49.7%[14]. - The loss before tax for the period was HK$5,109,000, up 47.3% from HK$3,470,000 in 2024[14]. - The total comprehensive loss for the period was HK$5,149,000, compared to a loss of HK$3,449,000 in the same period last year, indicating an increase of 49.2%[14]. - For the six months ended September 30, 2025, the company reported a loss attributable to owners of HK$5,046,000, compared to a loss of HK$3,470,000 for the same period in 2024, representing an increase of 45% in losses[15]. - Total comprehensive loss for the period was HK$5,149,000, up from HK$3,449,000 in the previous year, indicating a 49% increase[15]. - Basic and diluted loss per share was HK$0.63, compared to HK$0.43 in the prior year, reflecting a 47% increase in loss per share[15]. - The company recorded net cash used in operating activities of HK$2,352,000 for the six months ended September 30, 2025, compared to net cash generated of HK$1,098,000 in the prior year[18]. - The Group incurred a net loss of approximately HK$5.1 million for the six months ended 30 September 2025, compared to a net loss of approximately HK$3.5 million for the same period in 2024[99]. Revenue Breakdown - Revenue for the six months ended September 30, 2025, was HK$37,641,000, an increase of 16.4% compared to HK$32,207,000 for the same period in 2024[38]. - Revenue from sales of biometric security products and related services was HK$15,140,000, down 32.5% from HK$22,363,000 in the previous year[38]. - Revenue from the provision of digital solution services was HK$10,586,000, with no prior year comparison as this segment was newly introduced[38]. - The increase in revenue was mainly attributed to the rise in the provision of digital solution services compared to the corresponding period in 2024[84]. - The Group's digital solution services generated revenue of approximately HK$10.6 million as at 30 September 2025, marking a new strategic initiative in response to market demand for sophisticated digital solutions[90]. Expenses and Costs - Selling and distribution costs increased to HK$4,832,000, up 25.8% from HK$3,842,000 in 2024[14]. - Administrative and other operating expenses decreased to HK$11,447,000 from HK$13,951,000, a reduction of 18.0%[14]. - Staff costs, including directors' emoluments, rose to HK$15,084,000 in 2025 from HK$14,774,000 in 2024, reflecting an increase of approximately 2.1%[52]. - The cost of inventories sold decreased to HK$8,981,000 in 2025 from HK$11,709,000 in 2024, representing a reduction of about 23.4%[52]. - The Group's gross profit margin decreased from approximately 44.5% for the six months ended 30 September 2024 to approximately 27.4% for the same period in 2025, with gross profit dropping from approximately HK$14.3 million to approximately HK$10.3 million[93]. Assets and Liabilities - Current assets increased to HK$51,182,000 as of September 30, 2025, from HK$46,673,000 as of March 31, 2025, marking an increase of 10.8%[16]. - Net current assets decreased to HK$20,181,000 from HK$24,187,000, a decline of 16.5%[16]. - Total liabilities rose to HK$36,342,000 as of September 30, 2025, compared to HK$26,676,000 as of March 31, 2025[32]. - The Group's total equity decreased to HK$15,117,000 as of September 30, 2025, down from HK$20,266,000 as of March 31, 2025, a decline of 25.4%[16]. - The Group's gearing ratio increased from 21.1% as at 31 March 2025 to approximately 43.5% as at 30 September 2025, primarily due to promissory notes and lease liabilities[103]. Strategic Focus - The company is focused on expanding its sales of biometric identification devices and related services, indicating a strategic emphasis on growth in this sector[20]. - The Group plans to focus on research and development of touchless biometric identification devices and AIoT applications to capture new market opportunities[89]. Corporate Governance - The company has established an Audit Committee to oversee financial reporting and internal control systems, comprising three independent non-executive Directors[149]. - The company has adopted a code of conduct for securities trading by Directors, in compliance with GEM Listing Rules[136]. - The Board believes the current structure of having the Chairman and CEO roles combined is effective, but will review it as necessary in the future[135]. - The company is committed to maintaining compliance with the GEM Listing Rules and the Securities and Futures Ordinance[146]. - The unaudited condensed consolidated financial statements for the six months ended September 30, 2025, have been reviewed by the Audit Committee, confirming compliance with applicable accounting standards and GEM Listing Rules[150]. Shareholder Information - As of September 30, 2025, Mr. Wang Yicheng holds 136,230,000 shares, representing 17.03% of the company's issued share capital[139]. - Mr. Yao Han and Ms. Jian Yanmei each hold 131,785,000 shares, accounting for 16.47% of the company's issued share capital[145]. - Super Arena Limited, beneficially owned by Mr. Wu Rong, holds 204,770,000 shares, which is 25.60% of the company's issued share capital[145]. - The Group's share capital as of September 30, 2025, included 800,000,000 issued and fully paid ordinary shares[70]. Miscellaneous - No dividends were declared or paid during the six months ended 30 September 2025, consistent with the previous year[53]. - The Group had no significant investments or material acquisitions and disposals of subsidiaries during the six months ended September 30, 2025[114]. - The group does not have a foreign currency hedging policy and did not engage in any derivatives agreements during the six months ended September 30, 2025[113]. - The company did not purchase, sell, or redeem any of its listed securities during the six months ended September 30, 2025[147].
盈证国际(08379) - 2026 - 中期财报