Revenue and Profitability - Revenue for the six months ended October 31, 2025, was HKD 22,851,000, representing a 11.9% increase from HKD 20,424,000 in the same period of 2024[5] - The company reported a net profit of HKD 124,000 for the period, a decrease of 79.6% compared to HKD 608,000 in the previous year[5] - Revenue from Canada was HKD 18,326,000, up from HKD 14,299,000 in the previous year, indicating a growth of 28.3%[17] - The company's revenue for the six months ended October 31, 2025, was approximately HKD 22.9 million, an increase of about HKD 2.5 million or 12.3% compared to HKD 20.4 million for the same period in 2024[40] - The group's profit before tax decreased by approximately HKD 0.5 million or 83.33% to about HKD 0.1 million for the six months ending October 31, 2025, despite an increase in gross profit and a reduction in administrative expenses[50] - The net profit for the same period dropped by approximately HKD 0.5 million or 83.33%, resulting in a net profit margin decrease from approximately 3.0% to about 0.4%[52] Gross Profit and Cost Management - Gross profit increased to HKD 5,884,000, up 20.3% from HKD 4,888,000 year-on-year[5] - The company reported a gross profit of HKD 5,884,000 for the six months ended October 31, 2025, compared to HKD 4,888,000 for the same period in 2024, reflecting a gross profit margin increase[24] - The cost of sales for the period was HKD 16,967,000, compared to HKD 15,536,000 in the previous year, showing an increase of 9.2%[24] - The cost of sales increased by approximately HKD 1.5 million or 9.7% to HKD 17.0 million for the six months ended October 31, 2025, from HKD 15.5 million in the same period last year[44] - Employee benefits expenses, including directors' remuneration, decreased to HKD 3,465,000 from HKD 4,426,000, a reduction of 21.7%[24] - Selling and distribution expenses decreased by approximately HKD 0.1 million or 20.0% to HKD 0.4 million due to reduced shipping costs[47] - Administrative expenses decreased by approximately HKD 0.7 million or 13.2% to HKD 4.6 million, mainly due to reductions in employee costs and legal fees[48] - Financing costs decreased to HKD 347,000 from HKD 392,000, reflecting better cost management[5] - Financing costs decreased by approximately HKD 0.1 million or 20.0% to HKD 0.3 million, maintaining relative stability in bank borrowings and lease liabilities[49] Cash Flow and Financial Position - Cash and cash equivalents at the end of the period rose to HKD 23,552,000, compared to HKD 16,106,000 at the beginning of the period[10] - Operating cash flow for the six months was HKD 8,272,000, down from HKD 9,949,000 in the same period last year[10] - The group's cash and bank balances increased to approximately HKD 23.6 million as of October 31, 2025, compared to HKD 16.1 million on April 30, 2025[54] - The current ratio as of October 31, 2025, was 1.8 times, slightly up from 1.7 times on April 30, 2025[54] - As of October 31, 2025, the debt-to-equity ratio was 93.2%, down from 102.6% on April 30, 2025[53] Assets and Liabilities - Total assets amounted to HKD 51,179,000, slightly up from HKD 51,106,000 as of April 30, 2025[6] - The company's equity increased to HKD 16,765,000 from HKD 15,957,000 at the end of the previous reporting period[6] - Trade receivables increased significantly to HKD 1,505,000 from HKD 619,000, indicating improved sales performance[6] - Trade receivables as of October 31, 2025, were HKD 34,246,000, an increase from HKD 32,999,000 as of April 30, 2025[30] - Trade payables increased to HKD 4,121,000 as of October 31, 2025, compared to HKD 3,504,000 as of April 30, 2025[33] - Trade receivables from major customers accounted for 80.2% of total trade receivables, significantly up from 38.8% in the previous year, indicating increased reliance on key clients[19] Foreign Exchange and Other Income - The company recorded a foreign exchange gain of HKD 684,000 during the period, contributing to total comprehensive income of HKD 808,000[7] - The group recorded a foreign exchange gain of approximately HKD 0.3 million for the six months ending October 31, 2025, compared to a gain of approximately HKD 0.2 million for the same period in 2024[59] - Other income and gains decreased by approximately HKD 19,000 or 95% to HKD 1,000, primarily consisting of interest income[46] Dividends and Corporate Governance - The company did not declare any dividends during the reporting period, consistent with the previous year[27] - The board decided not to declare an interim dividend for the six months ending October 31, 2025[61] - The company has not reported any significant changes in accounting policies that would materially affect the financial statements for the current period[15] - The company continues to focus on the design, manufacturing, and trading of LED lighting products, with no new business segments reported[16] - There were no significant investments, acquisitions, or disposals of subsidiaries or capital assets during the six months ending October 31, 2025[57] - The company has adopted a share option scheme to reward eligible employees for their contributions[58] - The company has adopted the trading code as per GEM Listing Rules 5.48 to 5.67, confirming compliance with the trading code for the six months ending October 31, 2025[69] - The stock option plan, effective from November 16, 2017, allows for the granting of 50,000,000 stock options, with no options granted since its adoption[70] - The audit committee, established on October 24, 2017, consists of three independent non-executive directors responsible for reviewing financial information and risk management[71] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ending October 31, 2025[72]
濠亮环球(08118) - 2026 - 中期财报