Financial Performance - The Group's unaudited revenue for the six months ended September 30, 2023, was approximately HKD 6,456,000, a decrease of about 10.8% compared to HKD 7,234,000 for the same period last year[9]. - The unaudited gross profit decreased from approximately HKD 2,562,000 in the previous period to approximately HKD 2,326,000, a reduction of about HKD 236,000 or 9.2%[9]. - The Group recorded an unaudited loss of approximately HKD 6,716,000 for the current period, compared to a loss of approximately HKD 9,006,000 in the previous period, representing a decrease in loss of about HKD 2,290,000[9]. - Revenue for the six months ended September 30, 2023, was HKD 6,456,000, a decrease of 10.7% compared to HKD 7,234,000 for the same period in 2022[56]. - Gross profit for the same period was HKD 2,326,000, down 9.2% from HKD 2,562,000 year-on-year[56]. - Operating loss for the six months was HKD 6,712,000, an improvement from a loss of HKD 8,938,000 in the previous year, indicating a reduction of 25.0%[56]. - Net loss for the period was HKD 6,716,000, compared to a net loss of HKD 9,006,000 in the same period last year, reflecting a 25.4% improvement[56]. Revenue Sources - Approximately 79.7% of the Group's revenue came from Hong Kong clients, up from 72.3% in the previous year, while revenue from Taiwan clients decreased to about 16.3% from 21.5%[12]. - Revenue from Taiwan decreased to approximately HKD 1,054,000, a decline of about 32.2% compared to HKD 1,554,000 in the previous year[14]. - Revenue from Southeast Asia was approximately HKD 258,000, down about 42.5% from HKD 449,000 in the previous year[15]. - The group's revenue decreased from approximately HKD 7,234,000 in the previous period to approximately HKD 6,456,000 in the current period, a decline of about 10.8%, primarily due to reduced sales in Taiwan[19]. Assets and Liabilities - As of September 30, 2023, the group's total assets were approximately HKD 19,325,000, down from approximately HKD 25,920,000 as of March 31, 2023[27]. - The company's net assets as of September 30, 2023, were HKD 11,813,000, down from HKD 17,694,000 as of March 31, 2023[58]. - Current liabilities decreased to HKD 7,303,000 from HKD 8,226,000, showing a reduction of 11.2%[58]. - The total liabilities, including trade and other payables, were HKD 6,951 thousand as of September 30, 2023, down from HKD 7,916 thousand as of March 31, 2023[79]. Cash Flow and Expenditures - Cash and cash equivalents decreased significantly to HKD 7,014,000 from HKD 12,995,000, a decline of 46.0%[58]. - The net cash used in operating activities for the six months ended September 30, 2023, was HKD (5,857) thousand, an improvement from HKD (7,327) thousand in the same period of 2022[61]. - The group's capital expenditure totaled approximately HKD 6,000 in the current period, significantly lower than approximately HKD 119,000 in the previous period[28]. Corporate Governance - The Board does not recommend the payment of an interim dividend for the current period[18]. - The company has complied with all corporate governance codes as per GEM Listing Rules, except for the separation of the roles of Chairman and CEO, which are currently held jointly by two executive directors[48]. - The company has adopted a code of conduct for securities trading that meets or exceeds the standards set by GEM Listing Rules[51]. Shareholder Information - As of September 30, 2023, the company has a total of 200,000,000 shares issued, with major shareholders holding 100,280,000 shares, representing 50.14% of the issued share capital[40][41][42]. - The company’s major shareholders include Source Investment Limited and several individuals, each holding 100,280,000 shares, which also accounts for 50.14% of the issued share capital[41][42]. - The company has not disclosed any other individuals or entities with significant shareholdings as of September 30, 2023, apart from those mentioned[42]. Employee Information - The group employed a total of 27 employees as of September 30, 2023, down from 33 employees in the previous year, with employee costs approximately HKD 5,755,000[35]. Other Income and Expenses - Other income netted approximately HKD 201,000 in the current period, compared to a net loss of approximately HKD 1,207,000 in the previous period, mainly due to fair value changes in financial assets[22]. - The group's service costs decreased from approximately HKD 4,672,000 to approximately HKD 4,130,000, a reduction of about 11.6%, aligning with the decrease in sales[20]. - The company's trade receivables as of September 30, 2023, were HKD 4,186 thousand, a decrease from HKD 5,143 thousand as of March 31, 2023[76].
源想集团(08401) - 2024 - 中期财报