Financial Performance - For the six months ended September 30, 2023, revenue was approximately HKD 60.4 million, a decrease of 11.9% compared to approximately HKD 68.6 million for the same period in 2022[5]. - Gross profit for the same period was approximately HKD 6.7 million, up from approximately HKD 5.8 million in the previous year[5]. - Loss attributable to owners of the company for the six months ended September 30, 2023, was approximately HKD 14.4 million, an improvement from a loss of approximately HKD 18.5 million in the same period last year[5]. - Revenue decreased by 11.9% from approximately HKD 68.6 million for the six months ended September 30, 2022, to approximately HKD 60.4 million for the six months ended September 30, 2023[17]. - Revenue from construction and engineering business dropped from approximately HKD 67.9 million to approximately HKD 49.5 million during the same period[17]. - Revenue related to property development and investment increased from approximately HKD 0.8 million to approximately HKD 3.2 million due to improvements in the Japanese tourism market[17]. - For the six months ended September 30, 2023, the group recorded a loss before tax of approximately HKD 14.8 million, compared to a loss of HKD 18.5 million for the same period in 2022[21]. - The total comprehensive loss attributable to owners of the company for the period was HKD 18,937,000, compared to HKD 19,733,000 in the previous year[50]. - The company reported a loss before tax of HKD 18,525,000 for the six months ended September 30, 2023, compared to a loss of HKD 14,675,000 in the same period of 2022[69]. - The company reported a basic and diluted loss per share of HKD 0.015 (14,446,000 HKD) compared to a loss of HKD 0.019 (18,525,000 HKD) for the same period in 2022[89]. Revenue Segmentation - The company operates in three main segments: construction services, property development and investment, and consumer lifestyle products[8]. - The construction services segment reported revenue of HKD 1.2 million, accounting for 2.0% of total revenue, while renovation and building services generated HKD 28.2 million, representing 46.7% of total revenue[6]. - For the six months ended September 30, 2023, the total revenue from the construction and engineering services segment was HKD 49,512,000, while property development and investment generated HKD 3,247,000, and consumer products contributed HKD 7,687,000, totaling HKD 60,446,000[68]. - The construction and engineering services segment generated revenue of HKD 49,512,000, down 27% from HKD 67,863,000 in the previous year[72]. - Sales of lifestyle consumer products contributed HKD 7,687,000 in revenue, with all sales occurring in mainland China[72]. Expenses and Costs - Administrative expenses increased to approximately HKD 21.0 million from approximately HKD 13.7 million year-on-year[5]. - Sales and marketing expenses for the period were approximately HKD 17.0 million, all attributed to the newly acquired consumer products business[19]. - Cost of sales significantly reduced from approximately HKD 62.9 million to approximately HKD 53.7 million[18]. - The total employee costs for the six months ended September 30, 2023, were approximately HKD 16.8 million, an increase from HKD 13.0 million for the same period in 2022[31]. - The financial costs for the six months ended September 30, 2023, totaled HKD 5,105,000, an increase of 32.5% from HKD 3,850,000 in the same period of 2022[78]. Cash Flow and Financial Position - The group had cash and bank balances of approximately HKD 11.6 million as of September 30, 2023, down from HKD 13.9 million as of March 31, 2023[24]. - The current ratio improved to 2.8 as of September 30, 2023, compared to 2.7 as of March 31, 2023[24]. - The debt-to-capital ratio was 92% as of September 30, 2023, down from 95% as of March 31, 2023[24]. - The net cash used in operating activities for the six months was HKD 3,674,000, a decrease from HKD 12,788,000 in the previous year[57]. - The total cash and cash equivalents at the end of the period were HKD 11,602,000, an increase from HKD 7,363,000 year-over-year[57]. - As of September 30, 2023, the total interest-bearing borrowings amounted to approximately HKD 101.0 million, a decrease from HKD 121.2 million as of March 31, 2023[22]. - The company is currently negotiating new bank financing to support its operations and believes it can continue as a going concern[62]. Assets and Liabilities - The company's total assets as of September 30, 2023, were HKD 299,386,000, down from HKD 321,721,000 as of March 31, 2023[51]. - The net asset value of the company was HKD 15,554,000, an increase from HKD 10,257,000 at the end of the previous reporting period[53]. - Trade receivables as of September 30, 2023, amounted to HKD 13,431,000, an increase from HKD 11,826,000 as of March 31, 2023[91]. - The group reported trade payables of HKD 62,188,000 as of September 30, 2023, compared to HKD 56,906,000 as of March 31, 2023[92]. - Other borrowings increased to HKD 93,742,000 as of September 30, 2023, from HKD 90,861,000 as of March 31, 2023[94]. - The group’s total current assets were reported at HKD 30,783,000 as of September 30, 2023, compared to HKD 26,965,000 as of March 31, 2023[91]. Dividends and Shareholder Information - The company has not declared any interim dividend for the six months ended September 30, 2023[5]. - The company did not recommend the payment of dividends for the six months ended September 30, 2023, consistent with the previous year[85]. - The group’s total issued and paid-up capital remained at HKD 96,000,000, with 960,000,000 shares issued as of September 30, 2023[103]. Management and Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting[46]. - There were no significant management or administrative contracts established for the company's major business operations during the reporting period[37]. - The group incurred management fees of HKD 275,000 to the related company during the six months ended September 30, 2023, compared to HKD 73,000 in the same period of 2022[108]. - The total compensation paid to key management personnel was HKD 4,141,000 for the six months ended September 30, 2023, slightly down from HKD 4,198,000 in the previous year[112].
迪米生活控股(01667) - 2024 - 中期财报