Revenue and Profitability - The group's revenue increased by approximately 2.9% from about HKD 73,900,000 for the six months ended September 30, 2022, to about HKD 76,000,000 for the six months ended September 30, 2023[10]. - Revenue for the six months ended September 30, 2023, was HKD 76,040,000, an increase of 2.9% compared to HKD 73,920,000 for the same period in 2022[60]. - Gross profit remained relatively stable at approximately HKD 36,500,000 for the six months ended September 30, 2022, and approximately HKD 39,100,000 for the six months ended September 30, 2023[17]. - Gross profit for the same period was HKD 39,133,000, representing a gross margin of 51.5%[60]. - The net profit after tax decreased by approximately 9.4% from about HKD 14,900,000 for the six months ended September 30, 2022, to about HKD 13,500,000 for the six months ended September 30, 2023[24]. - Profit attributable to owners of the company was HKD 13,491,000, a decrease of 9.3% from HKD 14,886,000 in the previous year[60]. - The company reported a net profit of HKD 13,491,000 for the six months ended September 30, 2023, compared to HKD 14,886,000 for the same period in 2022, reflecting a decrease of approximately 9.3%[63]. - Basic and diluted earnings per share were HKD 3.37, down from HKD 3.72 in the prior year[60]. - Basic and diluted earnings per share for the six months ended September 30, 2023, were HKD 3.37, down from HKD 3.72 in the same period of 2022, reflecting a decline of 9.39%[91]. Costs and Expenses - The service costs decreased by approximately 1.4%, from about HKD 37,400,000 for the six months ended September 30, 2022, to about HKD 36,900,000 for the six months ended September 30, 2023[16]. - Sales and distribution expenses decreased from about HKD 8,200,000 for the six months ended September 30, 2022, to about HKD 7,700,000 for the six months ended September 30, 2023[19]. - Financing costs decreased from about HKD 84,000 for the six months ended September 30, 2022, to about HKD 59,000 for the six months ended September 30, 2023[22]. - The employee costs for the reporting period were approximately HKD 26.3 million, compared to HKD 24.81 million for the same period last year[29]. - Total employee costs (excluding directors' remuneration) for the period were HKD 21,185,000, a decrease of 1.74% compared to HKD 21,558,000 in the previous year[88]. - The total remuneration for directors and key management personnel for the period was HKD 6,497,000, an increase of 41.8% from HKD 4,579,000 in the same period of 2022[104]. Assets and Liabilities - The asset-liability ratio increased to 7.3% as of September 30, 2023, compared to 1.7% as of March 31, 2023[25]. - As of September 30, 2023, the group's net current assets were approximately HKD 95.6 million, an increase from HKD 83.8 million as of March 31, 2023[26]. - The group's cash and cash equivalents amounted to approximately HKD 79.3 million as of September 30, 2023, up from HKD 68.5 million as of March 31, 2023[26]. - Total assets as of September 30, 2023, amounted to HKD 142,146,000, an increase from HKD 127,054,000 as of March 31, 2023[61]. - Current liabilities totaled HKD 29,203,000, compared to HKD 26,518,000 as of March 31, 2023[61]. - Trade receivables increased significantly to HKD 48,822,000 as of September 30, 2023, compared to HKD 27,461,000 as of March 31, 2023, representing a growth of 77.8%[96]. - Trade payables as of September 30, 2023, were HKD 12,774,000, slightly up from HKD 12,279,000 as of March 31, 2023, indicating a 4.03% increase[98]. - The group had no borrowings, bank overdrafts, or bank loans as of September 30, 2023[26]. - The group has no contingent liabilities as of September 30, 2023[34]. Dividends and Shareholder Information - The company did not recommend any dividend for the six months ended September 30, 2023, compared to HKD 0.025 per share for the same period in 2022[12]. - The company did not declare any dividends for the current period, maintaining a focus on reinvestment[63]. - The major shareholders include Brilliant Ray Global Limited and Long Peak Holdings Limited, each holding 116,580,000 shares, representing 29.1% of the issued share capital[45]. - The company maintained a sufficient public float of at least 25% of its issued shares throughout the reporting period[57]. Other Income and Cash Flow - Other income decreased significantly from about HKD 7,400,000 for the six months ended September 30, 2022, to about HKD 1,800,000 for the six months ended September 30, 2023[18]. - The company recorded other income of HKD 1,755,000, down from HKD 7,406,000 in the previous year, indicating a decline of approximately 76.3%[81]. - The net cash generated from operating activities was HKD 9,814,000, a decrease of 55.0% compared to HKD 21,795,000 in the same period last year[65]. - The company’s interest income from bank deposits increased to HKD 984,000, compared to HKD 96,000 in the previous year, marking a significant increase of 927.1%[81]. - The company’s operating expenses related to financing activities decreased significantly, with net cash used in financing activities at zero compared to HKD 22,084,000 in the previous year[65]. Strategic Focus and Market Conditions - The company aims to leverage its competitive advantages to provide quality services to clients despite a weak overall market atmosphere[11]. - The company continues to focus on its core business of financial printing services, with all revenue generated from operations in Hong Kong[80]. - There were no significant investments or acquisitions made during the six months ending September 30, 2023[31]. - The group has no specific plans for significant investments or capital assets as of September 30, 2023[33]. - There were no significant events after the reporting period[36]. - The company did not grant any share options during the six months ended September 30, 2023[49]. - There were no purchases, sales, or redemptions of the company's listed securities during the reporting period[50]. - The company reported no forfeited contributions available for offsetting against the employer's contribution level during the period, consistent with the previous year[88].
优越集团控股(01841) - 2024 - 中期财报