Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 30,040,000, a decrease of 15.0% compared to HKD 35,644,000 for the same period in 2024[7]. - Gross profit for the same period was HKD 9,250,000, down 24.0% from HKD 12,188,000 in 2024[7]. - Operating loss for the six months was HKD 22,214,000, an improvement from a loss of HKD 29,904,000 in the previous year, indicating a 25.0% reduction in operating losses[8]. - The total comprehensive loss for the period was HKD 23,720,000, compared to a loss of HKD 10,309,000 in 2024, reflecting a significant increase in losses[8]. - The company reported a basic and diluted loss per share of HKD 0.57, an improvement from HKD 0.74 in the previous year[8]. - The company experienced a total comprehensive loss of HKD 23,623,000 for the period, compared to a loss of HKD 30,677,000 in the prior period[11]. - The company reported a total loss of HKD 23,623,000 for the six months ended September 30, 2025, compared to a loss of HKD 30,677,000 in 2024, indicating a decrease of approximately 23.0%[28]. - The company reported a loss attributable to shareholders of HKD 23,623,000 for the six months ended September 30, 2025, compared to a loss of HKD 30,677,000 for the same period in 2024, representing a 23.4% improvement[38]. Assets and Liabilities - Non-current assets increased to HKD 103,942,000 as of September 30, 2025, compared to HKD 91,051,000 as of March 31, 2025, representing a growth of 14.2%[9]. - Current assets decreased to HKD 557,692,000 from HKD 586,355,000, a decline of 4.9%[9]. - Total liabilities increased to HKD 45,713,000 from HKD 37,765,000, marking a rise of 21.0%[10]. - The company's equity decreased to HKD 615,921,000 from HKD 639,641,000, a reduction of 3.7%[10]. - The total assets as of September 30, 2025, amounted to HKD 661,634,000, while total liabilities were HKD 45,713,000, resulting in a net asset position[29]. - Total accounts receivable as of September 30, 2025, amounted to HKD 222,622,000, down from HKD 242,184,000 as of March 31, 2025, reflecting a decrease of 8.1%[47]. - The company’s total equity attributable to owners decreased to HKD 615,921,000 from HKD 723,785,000 as of September 30, 2024[11]. Cash Flow and Financing - The net cash used in operating activities for the six months ended September 30, 2025, was HKD 14,229,000, an improvement from HKD 23,276,000 in the previous year[13]. - The cash and cash equivalents at the end of the period were HKD 55,155,000, down from HKD 98,159,000 at the end of September 2024[13]. - The company’s financing activities used HKD 2,665,000 in cash, an improvement from HKD 5,555,000 in the prior year[13]. - Total borrowings increased to approximately HKD 14,800,000 as of September 30, 2025, compared to HKD 2,000,000 as of March 31, 2025[87]. - The debt ratio was 2.41% as of September 30, 2025, up from 0.32% as of March 31, 2025, primarily due to new lease contracts[88]. - The current ratio was 15.89 as of September 30, 2025, slightly down from 16.91 as of March 31, 2025[87]. Revenue Sources - The company’s interest income from lending, factoring, and finance leasing was HKD 8,830,000, down from HKD 10,318,000 in the previous year[22]. - The company’s trading segment in China and Hong Kong generated revenue from goods sales of HKD 20,959,000, a decline from HKD 24,513,000 in the same period last year[22]. - The company’s financial services business generated revenue of approximately HKD 1,000,000 during the period, with a loss of about HKD 14,300,000[82]. - The company is actively exploring the development of its financial services business to increase revenue sources in the capital markets[83]. - The trading business generated revenue of about HKD 21,000,000 with a loss of approximately HKD 5,600,000, compared to HKD 23,700,000 in revenue and a loss of HKD 11,700,000 in the same period last year[72]. Impairment and Provisions - The company confirmed an impairment loss of HKD 21,000,000 on intangible assets as of September 30, 2025, consistent with the previous period[45]. - The impairment provision for accounts receivable increased to HKD 72,957 as of September 30, 2025, from HKD 63,097 as of March 31, 2025[53]. - The company made an impairment provision of approximately HKD 2,200,000 for loans and interest during the period, reflecting a cautious approach to credit risk[76]. - The impairment provision for loans and interest increased to HKD 29,383 as of September 30, 2025, from HKD 27,221 as of March 31, 2025[61]. Corporate Governance and Shareholder Information - The audit committee consists of four independent non-executive directors, ensuring compliance with accounting principles and internal controls[119]. - The company has fully complied with the corporate governance code as of September 30, 2025[115]. - The company does not recommend the distribution of an interim dividend for the six months ending September 30, 2025[90]. - As of September 30, 2025, the total number of shares issued by the company is 4,120,600,000[91]. - Major shareholder Zheng Juhua holds 834,767,140 shares, representing 20.26% of the voting rights[104]. - Director Zheng Juhua holds 834,767,140 shares, representing 20.26% of the company[101]. - Director Liu Haijie holds 194,872,000 shares, representing 4.73% of the company[101]. - The stock option plan allows for a maximum of 412,060,000 shares to be issued, which is 10% of the total shares issued as of September 28, 2023[109]. Employee and Training Information - The group employed 52 employees as of September 30, 2025, and continues to provide suitable and regular training[99].
新质数字(02322) - 2026 - 中期财报