Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 37,288,000, a decrease of 20.2% compared to HKD 46,756,000 in the same period of 2022[3] - Gross profit for the same period was HKD 8,064,000, down 12.4% from HKD 9,211,000 year-on-year[3] - The net loss for the period was HKD 4,829,000, significantly improved from a loss of HKD 20,190,000 in the previous year, representing a reduction of 76.1%[4] - Basic and diluted loss per share improved to HKD 0.30 from HKD 1.24 in the prior year[3] - The company reported a pre-tax loss of HKD 4,858,000 for the period, reflecting ongoing challenges in its operational segments[17] - The company incurred a loss before tax of HKD 20,219,000 for the six months ended September 30, 2023, compared to a loss of HKD 20,190,000 for the same period in 2022[25] - The total net loss decreased from approximately HKD 20.2 million in the previous year to about HKD 4.9 million in the current period[58] Revenue Breakdown - Revenue from the manufacturing and trading of printed and packaging products was HKD 27,094,000, down 15.9% from HKD 32,211,000 year-on-year[14] - The manufacturing and trading of circuit boards generated revenue of HKD 10,194,000, a decline of 30.1% compared to HKD 14,545,000 in the previous year[14] - The revenue from the circuit board business was approximately HKD 10.2 million, down 29.7% from HKD 14.5 million in the previous year[55] - The printing business generated revenue of approximately HKD 27.1 million, a decrease of 16.1% from HKD 32.3 million in the same period last year[55] - The oil and energy products trading segment has not recorded any revenue since 2019 due to its suspension[54] Assets and Liabilities - Total assets as of September 30, 2023, were HKD 100,719,000, compared to HKD 106,227,000 as of March 31, 2023[6] - The company’s total liabilities as of September 30, 2023, were HKD 28,256,000, a decrease from HKD 38,689,000 as of March 31, 2023[20] - Cash and cash equivalents decreased to HKD 42,817,000 from HKD 49,606,000 in the previous period[5] - Cash and cash equivalents at the end of the period stood at HKD 42,817,000, down from HKD 44,404,000 at the end of the previous period[9] - The total liabilities for trade payables decreased significantly to HKD 10,442,000 in September 2023 from HKD 22,272,000 in March 2023, a reduction of 53%[41] Operational Segments - The company has identified major operational segments including manufacturing and trading of circuit boards, oil and energy products, and investment funds[13][15] - The circuit board business recorded a segment loss of approximately HKD 1.8 million, compared to a segment loss of HKD 300,000 in the previous year, indicating an increase in losses[55] - The printing business reported a segment loss of approximately HKD 300,000, an improvement from a segment loss of HKD 800,000 in the previous year[56] - The decrease in revenue was primarily due to weak global economic recovery affecting customer demand[55] Cash Flow and Investments - The net cash used in investing activities was HKD 2,486,000, an improvement from HKD 10,451,000 in the prior period[9] - The net decrease in cash and cash equivalents was HKD 6,734,000, compared to a decrease of HKD 10,535,000 in the same period last year[9] - The group has no plans for significant investments or capital asset acquisitions in the next twelve months[67] - The group has invested approximately HKD 19,800,000 in shareholder loans to the joint venture, which is expected to provide maximum returns by investing in emerging industries such as energy and technology[80] Shareholder Information - As of September 30, 2023, the company has a total of 1,613,287,570 issued shares[89] - Spring Global Enterprises Limited holds 280,000,000 shares, representing 17.36% of the issued share capital[89] - Wu Wencan and Li Meili jointly hold 299,180,000 shares, accounting for 18.55% of the issued share capital[89] - The company’s major shareholders include Ample Cheer Limited and Jin Li Feng Financial Limited, each holding 120,068,000 shares, or 7.44% of the issued share capital[89] Corporate Governance - The audit committee reviewed the consolidated financial statements for the period, agreeing on all accounting treatment methods adopted[91] - The company has adopted a standard code of conduct for securities trading by its directors, with all directors confirming compliance during the period[88] - The company has not reported any changes in director information aside from those disclosed[90] - The board recommended not to declare an interim dividend for the period[70]
大昌微线集团(00567) - 2024 - 中期财报