Financial Performance - The group's revenue for the six months ended September 30, 2025, was HKD 43,883,000, a decrease of 10.5% compared to HKD 48,980,000 in the same period of 2024[6]. - The group reported a net loss of HKD 9,287,000 for the period, an improvement from a net loss of HKD 10,889,000 in the previous year, representing a reduction of 14.7%[7]. - The company reported a net loss attributable to owners of approximately HKD 9.29 million for the six months ended September 30, 2025, compared to a loss of HKD 10.89 million in the same period last year, indicating a reduction in losses[62]. - The company reported a pre-tax loss of HKD (9,462,000) for the six months ended September 30, 2025, compared to a loss of HKD (10,855,000) in the same period of 2024[26][33]. Assets and Liabilities - The total assets less current liabilities as of September 30, 2025, amounted to HKD 17,100,000, down from HKD 27,687,000 as of March 31, 2025[10]. - Total assets as of September 30, 2025, amounted to HKD 71,209,000, a decrease from HKD 74,095,000 as of March 31, 2025[27][28]. - Total liabilities as of September 30, 2025, were HKD 62,991,000, compared to HKD 56,590,000 as of March 31, 2025, indicating an increase of approximately 11.5%[28]. - The group’s total equity attributable to owners decreased to HKD 8,251,000 as of September 30, 2025, from HKD 17,538,000 as of March 31, 2025, indicating a decline of 53%[16]. Cash Flow and Financing - The group’s cash and cash equivalents increased to HKD 8,904,000 from HKD 6,728,000, reflecting a growth of 32.4%[9]. - Cash generated from operating activities for the six months ended September 30, 2025, was HKD 11,248,000, an increase from HKD 9,745,000 in the previous year, reflecting a 15.4% growth[13]. - The company’s financing activities resulted in a net cash outflow of HKD 4,750,000 for the six months ended September 30, 2025, compared to HKD 1,261,000 in the previous year, highlighting increased financing needs[13]. - The company has secured a loan facility of HKD 20,000,000 with an independent financial institution, which is intended to support its operational needs over the next 18 months[18]. Operational Costs - The group’s employee costs decreased to HKD 7,778,000 from HKD 11,487,000, a reduction of 32.5%[6]. - The cost of materials and consumables increased by 35.36% to approximately HKD 33.84 million, up from HKD 25.00 million in the previous year, primarily due to rising operational costs in the construction business[53]. - Rental and related expenses increased by approximately 36.89% to HKD 1.67 million from HKD 1.22 million in the previous year, primarily due to an increase in short-term leases[58]. Strategic Initiatives - The company is actively considering fundraising activities, including rights issues and public offerings, to improve its cash flow situation[16]. - The board plans to implement cost control measures to reduce discretionary spending and administrative costs to enhance financial performance[17]. - The company plans to adopt a conservative approach to business operations, including reducing restaurant staff and negotiating rent discounts with landlords[49]. - The company’s operational strategy includes expanding its restaurant operations and enhancing service offerings to improve revenue streams[23]. Shareholder Information - Major shareholders Smarty Task Limited and Smarty Gain Limited each held approximately 5.76% of the company's shares as of September 30, 2025[78]. - The company has established a share option plan aimed at attracting, retaining, and motivating outstanding participants for future development and expansion[83]. - The share option plan was terminated on January 18, 2024, with 4,000,000 options granted under the previous plan remaining unexercised as of September 30, 2025[85]. Compliance and Governance - The company has complied with all applicable provisions of the corporate governance code as per GEM listing rules as of the report date[86]. - An audit committee has been established, consisting of three independent non-executive directors, to assist the board in reviewing internal audit functions and financial reporting processes[89]. - The interim financial statements have been reviewed by the audit committee and deemed compliant with applicable accounting standards and GEM listing rules[89].
倩碧控股(08367) - 2026 - 中期财报