Financial Performance - For the six months ended September 30, 2023, the company reported revenue of HKD 16,068,000, a decrease of 11.4% compared to HKD 18,157,000 for the same period in 2022[9] - The gross profit for the same period was HKD 7,066,000, down 2.4% from HKD 7,237,000 year-on-year[9] - The operating loss for the six months was HKD 2,176,000, compared to a loss of HKD 1,728,000 in the previous year, indicating a deterioration in operational performance[9] - The net loss for the period was HKD 2,263,000, compared to a loss of HKD 1,765,000 in the same period last year, reflecting a 28.3% increase in losses[9] - The company reported a basic loss per share of HKD 1.05 for the six months ended September 30, 2023, compared to HKD 0.82 for the same period in 2022[9] - The group reported a net loss of HKD 2,263,000 for the six months ended September 30, 2023, compared to a net loss of HKD 1,765,000 in the same period of 2022, indicating a worsening performance[48] - The group recorded a loss before tax of approximately HKD 2.2 million for the six months ended September 30, 2023, primarily due to a revenue decline of approximately HKD 2.1 million[76] - The group recorded a net loss of approximately HKD 2.3 million for the six months ended September 30, 2023, influenced by the aforementioned factors[78] Assets and Liabilities - As of September 30, 2023, total assets were HKD 42,712,000, slightly down from HKD 42,497,000 as of March 31, 2023[10] - Current liabilities increased to HKD 13,302,000 from HKD 11,259,000, indicating a rise in short-term financial obligations[10] - As of September 30, 2023, the company's net assets amounted to HKD 42,533,000, a decrease from HKD 44,796,000 as of March 31, 2023, representing a decline of approximately 5%[11] - The total equity attributable to the company's owners decreased from HKD 44,796,000 to HKD 42,533,000, reflecting a reduction of about 5%[13] - The company's total liabilities included deferred tax liabilities of HKD 181,000 as of September 30, 2023, unchanged from March 31, 2023[11] - The group reported a total of HKD 824 thousand in financial assets measured at fair value through profit or loss as of September 30, 2023, compared to HKD 2,319 thousand as of March 31, 2023[28] - The group recognized a fair value of HKD 824 thousand for trading securities as of September 30, 2023, down from HKD 2,319 thousand as of March 31, 2023[59] Cash Flow - Cash and cash equivalents increased to HKD 9,923,000 as of September 30, 2023, from HKD 5,076,000 at the beginning of the period, showing an increase of approximately 95%[16] - The net cash generated from operating activities was HKD 5,043,000 for the six months ended September 30, 2023, compared to a negative cash flow of HKD 8,223,000 for the same period last year, indicating a significant turnaround[16] - The company’s cash flow from investing activities was negative, with cash outflows of HKD 10,000 for the six months ended September 30, 2023[16] Revenue Breakdown - Revenue from interior design and execution services for the six months ended September 30, 2023, was HKD 15,995 thousand, down from HKD 18,112 thousand in the previous year, representing a decline of 11.7%[34] - The group’s revenue from processing services was HKD 18 thousand for the six months ended September 30, 2023, compared to no revenue in the same period of 2022[31] - The group’s revenue from mapping services was HKD 55 thousand for the six months ended September 30, 2023, compared to HKD 45 thousand in the same period of 2022[31] - The group’s revenue from Hong Kong for the six months ended September 30, 2023, was HKD 15,981 thousand, down from HKD 17,721 thousand in 2022, a decrease of 9.8%[34] - Revenue from external customers for the six months ended September 30, 2023, was HKD 16,068,000, a decrease of 11.4% compared to HKD 18,157,000 in the same period of 2022[38] Expenses - Employee benefit expenses for the six months ended September 30, 2023, totaled HKD 10,471,000, down from HKD 12,758,000 in the same period of 2022, reflecting a reduction of 17.9%[44] - Administrative expenses decreased from approximately HKD 9.0 million for the six months ended September 30, 2022, to approximately HKD 7.8 million for the same period in 2023, a reduction of about HKD 1.2 million or approximately 13.6%[74] - Service costs for the six months ended September 30, 2023, were approximately HKD 9.0 million, down about HKD 1.9 million or approximately 17.6% compared to HKD 10.9 million for the same period in 2022[70] Corporate Governance - The board believes that having the same person serve as both Chairman and CEO enhances leadership and strategic planning efficiency[107] - The audit committee has reviewed the unaudited financial results for the six months ending September 30, 2023, and found them to comply with applicable accounting standards and regulations[115] - The company is committed to maintaining high standards of corporate governance for sustainable growth[106] - The company has adhered to the corporate governance code except for a deviation regarding the separation of the roles of Chairman and CEO[108] - The audit committee consists of three independent non-executive directors, ensuring proper oversight of financial reporting and risk management[113] Future Outlook - The management discussion and analysis section did not provide specific future guidance or outlook for the upcoming periods[9] - The group aims to maintain and strengthen its market position in Hong Kong and enhance brand awareness and marketing efforts[92] - The group will continue to monitor market conditions and leverage government measures to stimulate the housing market in Hong Kong[91] Shareholder Information - As of September 30, 2023, Mr. Huang Liang holds a beneficial interest of 159,068,639 shares, representing 73.87% of the total shares issued by the company[94] - The total number of shares issued by the company as of September 30, 2023, is 215,346,526[95] - The company has not granted, exercised, canceled, or forfeited any share options during the six months ending September 30, 2023[99] - The company did not purchase, sell, or redeem any of its listed securities during the six months ending September 30, 2023[103] - The group did not declare any dividends for the six months ended September 30, 2023, consistent with the previous year[45] Significant Events - The group confirmed that there were no significant events affecting its operations and financial performance after September 30, 2023[65] - There have been no significant matters affecting the group's operational and financial performance since September 30, 2023[111] - There have been no significant changes in director information that require disclosure since March 31, 2023[112]
客思控股(08173) - 2024 - 中期财报