Financial Performance - Revenue for the six months ended September 30, 2023, increased by 16.3% to HK$247,622,000 compared to HK$212,910,000 in the same period of 2022[13]. - Media Content Distribution Business revenue rose by 19.9% to HK$165,450,000, while Brand Licensing Business revenue increased by 9.7% to HK$82,172,000[13]. - Gross profit margin improved to 49.1% from 47.5% year-on-year[13]. - Profit attributable to shareholders increased by 12.2% to HK$36,198,000 compared to HK$32,258,000 in the previous year[13]. - The interim dividend per share was HK$0.89 cent, representing a 27.1% increase from HK$0.70 cent in the prior period[13]. - The Group's total revenue for the six months ended 30 September 2023 reached HK$247.6 million, representing a period-on-period increase of HK$34.7 million or 16.3%[74]. - Net profit for the period was HKD 36.2 million, reflecting a 12.2% increase[25]. - The Group's gross profit for the six months ended 30 September 2023 amounted to HK$121.5 million, an increase of HK$20.3 million or 20.0%[77]. - The gross profit margin increased by 1.6 percentage points to 49.1% for the six months ended 30 September 2023[77]. - Profit for the period attributable to shareholders increased by HK$3.9 million or 12.2% to HK$36.2 million, with a net profit margin of 14.6%[92]. Business Segments - Revenue from media content distribution business increased by 19.9% to HKD 165.5 million, while brand licensing business revenue rose by 9.7% to HKD 82.2 million[25]. - Revenue from the Brand Licensing Business rose by 9.7% to HK$82.2 million, with merchandise sales contributing HK$25.1 million, an increase of approximately HK$10.0 million or 65.7%[73]. - The total revenue growth reflects the company's successful market expansion and product offerings in both media content and brand licensing sectors[13]. Market Expansion and Collaborations - Ani-One® OTT coverage expanded to 22 platforms across eight territories, adding two new platforms in Taiwan and two new sub-channels on YouTube[27]. - The Ani-One® Asia YouTube channel has over 4.5 million subscribers and more than 700 million accumulated views[30]. - The Group released five movies in Hong Kong and one in Taiwan during the reporting period, including popular titles like "The First Slam Dunk"[35]. - The Group acquired a 49% interest in Sunrise eMarketing Limited to enhance its IP management ecosystem and product reach[39]. - The Group was appointed as the master licensee of the Star Trek franchise for the Greater China Region, managing brand licensing for consumer products[41]. - The Group collaborated with Emperor Jewellery to launch a "Le Petit Prince" collection featuring exquisite solid gold and 18K rose gold pieces[47]. - A special collaboration with BOSS was initiated to celebrate the 80th anniversary of "Le Petit Prince," resulting in a collection that includes t-shirts, shirts, and dresses[48]. - The Group partnered with Casetify to create a range of accessories based on the popular anime "Chainsaw Man," showcasing the influence of Japanese anime[49]. - Collaborations with brands like Bilmola and Secretlab were established to expand into different categories, including a helmet for "Initial D" and a gaming chair for "Jujutsu Kaisen"[50]. Operational Metrics - The number of active media content titles increased by 1.7% to 667, while the number of active brands in the licensing segment rose by 21.5% to 316[18]. - The number of active media content titles available increased from 656 as of March 31, 2023, to 667 as of September 30, 2023, reflecting a growth of approximately 1.68%[66]. - The number of brands available for licensing rose significantly from 260 as of March 31, 2023, to 316 as of September 30, 2023, marking an increase of about 21.54%[66]. Financial Position - The current ratio remained stable at 2.5, while the cash ratio slightly decreased to 0.7 from 0.8[13]. - The company did not have any interest-bearing bank and other borrowings, making the debt to equity ratio not applicable[14]. - Total equity decreased from HKD 594 million as of March 31, 2023, to HKD 565 million as of September 30, 2023[21]. - As of 30 September 2023, the group's cash and bank balances were HK$251.6 million, with net current assets of HK$515.8 million and a current ratio of 2.5 times[113]. - The group did not have any interest-bearing bank and other borrowings, making the gearing ratio not applicable[114]. - The group's net current assets increased to HKD 515.8 million as of September 30, 2023, compared to HKD 487.8 million as of March 31, 2023[118]. Expenses and Costs - The Group's cost of sales increased by HK$14.4 million or 12.9% to HK$126.1 million, in line with revenue growth[76]. - Selling and distribution expenses rose by HK$9.6 million or 35.9% to HK$36.4 million, driven by increased staff costs and marketing expenses[79]. - General and administrative expenses increased by HK$7.9 million or 34.4% to HK$30.7 million, primarily due to higher staff costs[80]. - Other expenses for the reporting period amounted to HK$17.0 million, an increase of HK$1.1 million, primarily due to a write-down of licensed rights and impairment of trade receivables[90]. Taxation and Other Income - Income tax expenses for the period were HK$5.8 million, with an effective tax rate of 13.8%, down from 14.7% in the same period last year[91]. - Other income and gains, net increased by 69.9% to HK$3.8 million, mainly due to increased bank interest income[78]. Share Award Scheme - The total number of Shares underlying all grants made pursuant to the Scheme shall not exceed 10% of the total number of issued Shares as at the Adoption Date, which is 199,200,000 Shares, without Shareholders' approval[179]. - The total number of Award Shares granted to a Selected Participant under the Scheme shall not exceed 5% of the total number of issued Shares as at the Adoption Date[180]. - The Scheme may be altered by a resolution of the Board, provided that no alteration adversely affects the rights of any Selected Participant unless consent is obtained from three-fourths of the nominal value of all Award Shares held by the Trustee[181]. - A total of 41,685,000 Shares have been awarded under the Share Award Scheme, representing approximately 2.1% of the total issued Shares as of the adoption date[190]. - The total number of shares available for issue under the Scheme is 72,395,000 Shares, which is about 3.6% of the issued Shares as of the interim report date[190]. - The remaining life of the Share Award Scheme is approximately 6 years[190]. Corporate Governance - The Company has complied with the corporate governance code provisions, except for code provision C.2.1 regarding the dual role of the Chairman and Chief Executive Officer[195]. - The Company has adopted the corporate governance code as its own code of corporate governance[195]. - The interests and short positions of Directors and chief executives in the Shares are recorded as per the requirements of the SFO[196].
羚邦集团(02230) - 2024 - 中期财报