Financial Performance - For the six months ended September 30, 2025, the Company reported revenue of HK$165,752,000, an increase of 8.3% from HK$152,251,000 in the same period of 2024[12]. - The cost of sales for the same period was HK$70,466,000, up from HK$59,299,000, reflecting a rise of 18.8%[12]. - Profit before taxation decreased to HK$18,632,000, down 32.4% from HK$27,494,000 in the prior year[12]. - The profit and total comprehensive income for the period attributable to owners of the Company was HK$14,609,000, a decline of 31.8% compared to HK$21,437,000 in 2024[13]. - Basic earnings per share for the period was HK$3.19, down from HK$4.88 in the previous year, representing a decrease of 34.6%[13]. - The Company incurred finance costs of HK$388,000, a reduction from HK$597,000, indicating a decrease of 35.0%[12]. - Administrative and other expenses increased to HK$58,019,000 from HK$50,102,000, marking a rise of 15.8%[12]. - Other income for the period was HK$711,000, compared to HK$630,000 in the previous year, reflecting a growth of 12.9%[12]. - The Company reported other gains and losses, net, of (HK$5,075,000), a significant increase in losses compared to (HK$591,000) in 2024[12]. - Income tax expense for the period was HK$3,582,000, down from HK$5,708,000, showing a decrease of 37.2%[12]. Assets and Liabilities - As of September 30, 2025, total assets less current liabilities amounted to HK$466,788,000, an increase from HK$441,137,000 as of March 31, 2025, representing a growth of approximately 5.9%[15]. - Net current assets increased to HK$286,036,000 from HK$251,236,000, reflecting a rise of about 13.8%[15]. - Total liabilities decreased from HK$72,761,000 as of March 31, 2025, to HK$42,294,000 as of September 30, 2025, showing a reduction of approximately 41.8%[15]. - The company recognized a profit and total comprehensive income of HK$21,437,000 for the period, with total equity attributable to owners of the Company reaching HK$458,223,000 as of September 30, 2025[17]. Cash Flow - The company reported a net cash generated from operating activities of HK$20,186,000 for the six months ended September 30, 2025, compared to a net cash used of HK$24,138,000 in the same period of 2024[18]. - Cash and cash equivalents at the end of the period were HK$123,195,000, down from HK$129,177,000 at the beginning of the period, indicating a decrease of HK$5,982,000[19]. - The company incurred a net cash used in investing activities of HK$9,635,000 for the six months ended September 30, 2025, compared to HK$999,000 in the prior year[18]. Business Segments - The Group operates in six main business segments: OEM Business, Retail Business, Money Lending Business, Financial Quotient and Investment Education Business, Property Investment Business, and Private Supplementary Education Business[36][44]. - Segment results are monitored based on pre-tax profit/loss, excluding other income and certain corporate expenses, providing a clear view of each segment's performance[39]. - The Group's revenue and expenses are allocated to segments based on sales generated and expenses incurred, reflecting the operational efficiency of each division[38][42]. Share Options and Management Compensation - The company reported a total compensation for key management personnel during the six months ended 30 September 2025 was HK$8,491,000, an increase of 16.8% compared to HK$7,263,000 for the same period in 2024[94]. - The company recognized a share-based payment expense of HK$2,135,000 for the six months ended 30 September 2025, compared to HK$1,242,000 in the previous year, indicating a significant increase of 71.8%[94]. - The company has adopted a new share option scheme on 4 September 2023, replacing the previous scheme from 2014, to provide incentives to eligible participants[95]. - The total number of shares available for issue under the 2023 Share Option Scheme is 77,459,526 shares, representing approximately 16.9% of the total issued share capital of the Company as of the report date[138]. Shareholder Matters - No interim dividend was recommended for the six months ended September 30, 2025, consistent with the previous year[65]. - The company raised approximately HK$30,000,000 by issuing 22,656,000 ordinary shares at HK$1.32 per share on 23 April 2024, aimed at potential business expansion and additional working capital[91]. - Any grant of options to directors or substantial shareholders must be approved by independent non-executive directors and comply with Chapter 23 of the GEM Listing Rules[133]. Compliance and Reporting - The Interim Financial Statements have been prepared in accordance with HKAS 34 and the GEM Listing Rules, ensuring compliance with relevant accounting standards[22][26]. - The Group's financial policies remain consistent with those adopted in the 2025 Annual Report, ensuring stability in financial reporting[27][32]. - The Group has not early adopted any new/revised HKFRSs that are issued but not yet effective, maintaining current accounting practices[24].
传承教育集团(08195) - 2026 - 中期财报