Financial Performance - The revenue from continuing operations for the six months ended September 30, 2023, was approximately HK$156.4 million, a slight decrease of approximately 0.3% compared to HK$156.8 million for the same period in 2022[10]. - The gross profit from continuing operations for the six months ended September 30, 2023, was approximately HK$58.2 million, representing a decrease of approximately 5.7% from HK$61.7 million for the same period in 2022, with the gross profit margin declining from approximately 39.4% to approximately 37.2%[11]. - The loss attributable to equity holders from continuing operations for the six months ended September 30, 2023, was approximately HK$9.1 million, compared to a profit of approximately HK$1.0 million for the same period in 2022[11]. - Revenue for the six months ended September 30, 2023, was HK$156,406,000, a slight decrease of 0.26% compared to HK$156,814,000 in the same period of 2022[15]. - Gross profit decreased to HK$58,205,000, down 6.15% from HK$61,746,000 year-over-year[15]. - Operating loss for the period was HK$8,915,000, compared to an operating profit of HK$4,499,000 in the previous year[15]. - Total comprehensive loss for the period amounted to HK$9,428,000, compared to a comprehensive income of HK$2,935,000 in the prior year[16]. - The company reported a comprehensive loss of HK$9,428,000 for the six months ended September 30, 2023, compared to a profit of HK$3,986,000 for the same period in the previous year[25]. Cash Flow and Liquidity - The cash and cash equivalents decreased to approximately HK$116.4 million as of September 30, 2023, down approximately HK$8.7 million from HK$125.1 million as of March 31, 2023[13]. - Cash generated from operations for the six months ended September 30, 2023, was HK$ (7,354,000), a decrease from HK$ 38,635,000 in the same period of 2022, representing a decline of approximately 119%[27]. - Net cash used in investing activities for the six months ended September 30, 2023, was HK$ (7,829,000), compared to HK$ (2,594,000) in the same period of 2022, indicating an increase in cash outflow of approximately 202%[29]. - Net cash generated from financing activities was HK$ 7,388,000 for the six months ended September 30, 2023, compared to a net cash used of HK$ (12,316,000) in the same period of 2022, reflecting a turnaround in financing cash flow[29]. - Cash and cash equivalents at the end of the period were HK$ 116,359,000, down from HK$ 136,333,000 at the end of the same period in 2022, representing a decrease of approximately 15%[29]. Assets and Liabilities - Non-current assets increased to HK$240,525,000 as of September 30, 2023, up from HK$205,981,000 as of March 31, 2023[21]. - Total equity decreased from HK$251,790,000 as of March 31, 2023, to HK$242,362,000 as of September 30, 2023, representing a decline of approximately 3.4%[22]. - Current liabilities increased from HK$87,932,000 to HK$115,803,000, reflecting a rise of about 31.6%[22]. - Total liabilities rose from HK$120,818,000 to HK$149,617,000, marking an increase of approximately 23.9%[22]. - The carrying amounts of the Group's financial assets and liabilities approximate their fair values due to short maturities and market interest rates as of September 30, 2023[62]. Segment Information - Revenue for the six months ended September 30, 2023, was derived solely from paper printing and banner printing segments, with no external customers contributing over 10% of the Group's revenue[82]. - The Group's operating segments include paper printing (from the "e-print" brand) and banner printing (from the "e-banner" brand)[79]. - The segment results for paper printing showed a loss of HK$12,139,000, while banner printing generated a profit of HK$3,224,000, resulting in an overall loss of HK$8,915,000 for continuing operations[89]. - For the six months ended September 30, 2023, total revenue was HK$156,406,000, with external customer revenue from paper printing at HK$110,261,000 and banner printing at HK$46,145,000[89]. Financial Risks and Management - The Group's activities expose it to various financial risks, including market risk, credit risk, and liquidity risk[56]. - The Group is in the process of assessing the accounting implications of the abolition of the Mandatory Provident Fund – Long Service Payment offsetting mechanism[54]. - The Group's financial risk management information should be read in conjunction with the consolidated financial statements for the year ended March 31, 2023[57]. Corporate Actions and Governance - The Board did not declare the payment of an interim dividend for the six months ended September 30, 2023[14]. - The share option scheme was terminated on August 22, 2023, with no further options to be granted, although outstanding options remain valid[166]. - The New Share Option Scheme was adopted on August 24, 2023, allowing the Group to grant up to 55,000,000 new shares as options to eligible participants[173]. - As of September 30, 2023, there were 44,000,000 share options outstanding at an exercise price of HK$0.79, down from 49,500,000 at the beginning of the period[170]. Management and Personnel - Emoluments payable to key management personnel totaled HK$3.822 million for the six months ended September 30, 2023, up from HK$2.808 million in 2022, representing an increase of 36%[196]. - The Group's total emoluments for directors increased slightly from HK$1.365 million in 2022 to HK$1.474 million in 2023, an increase of 8%[196].
EPRINT集团(01884) - 2024 - 中期财报