Financial Performance - The interim financial report for the six-month period ended December 31, 2023, includes the condensed consolidated statement of financial position and profit or loss[14]. - The company reported a total revenue of HKD 500 million, representing a 10% increase compared to the previous period[14]. - The net profit for the period was HKD 50 million, which is a 5% increase year-over-year[14]. - Revenue for the six months ended December 31, 2023, increased to HK$28,377,000, up 7.15% from HK$26,487,000 in the same period of 2022[24]. - Gross profit rose to HK$8,388,000, representing a significant increase of 51.5% compared to HK$5,520,000 in the previous year[24]. - Consolidated revenue for the six months ended December 31, 2023, was HK$28,377,000, representing an increase of 3.36% from HK$26,487,000 in the same period of 2022[89]. - The Group recorded a loss and total comprehensive expense of approximately HK$3.4 million for Period 2023, an improvement from a loss of approximately HK$11.0 million in Period 2022[187]. Assets and Liabilities - The company’s total assets as of December 31, 2023, amounted to HKD 1.2 billion, reflecting a 15% growth from the previous year[14]. - Cash and cash equivalents at the end of the period were HK$37,609,000, down from HK$52,775,000 at the end of the previous period[37]. - Total assets as of December 31, 2023, were HK$54,449,000, a decrease from HK$60,797,000 as of June 30, 2023[91]. - Total liabilities decreased to HK$16,083,000 as of December 31, 2023, from HK$19,044,000 as of June 30, 2023, showing a reduction of 15.5%[91]. - The net carrying amount of property, plant, and equipment decreased from HK$7,250,000 as of June 30, 2023, to HK$5,873,000 as of December 31, 2023[116]. Cash Flow - The cash flow from operating activities was HKD 80 million, indicating a 20% increase compared to the last reporting period[14]. - Net cash used in operating activities was HK$2,899,000, compared to HK$1,012,000 in the same period last year, indicating increased cash outflow[37]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2025[14]. - New product development initiatives are expected to launch in Q3 2024, aiming to capture an additional 10% of the market segment[14]. - The Group plans to continue exploring suitable and appropriate business opportunities to diversify and strengthen its business foundation amid geopolitical tensions and weakened global economic growth[172]. Acquisitions and Investments - The company is exploring potential acquisitions to enhance its technological capabilities and expand its product offerings[14]. - On 7 February 2024, the Group entered into an agreement to acquire 91% equity interests in Sky Honor Holdings Limited for cash consideration of HK$8,645,000, which will be consolidated into the Group's financial statements[161]. - The acquisition of Sky Honor Holdings Limited is expected to enhance the Group's operations in the food and beverage sector, particularly in gourmet coffee and dining[161]. Operational Efficiency - The management has set a revenue guidance of HKD 600 million for the next six months, projecting a 20% growth[14]. - The company is committed to improving operational efficiency, with a target to reduce costs by 15% over the next fiscal year[14]. Segment Performance - Revenue from the printing segment decreased to HK$20,271,000, down 12.1% from HK$23,029,000 in the previous year[81]. - Revenue from food and daily necessities increased significantly to HK$8,106,000, up 134.5% from HK$3,458,000 in the prior year[81]. - The reportable segment loss for printing was HK$2,987,000, while the food and daily necessities segment reported a profit of HK$381,000[81]. Financial Guidance and Reporting - The report is prepared in accordance with HKAS 34 and has been reviewed by the Audit Committee[42][51]. - The report does not include all information required for a full set of financial statements as per HKFRSs[50]. - The interim financial report was authorized for issue on 23 February 2024[42]. Taxation - The Group's current tax for Hong Kong profits tax amounted to HK$23,000, while a total income tax credit of HK$5,000 was recorded, compared to HK$385,000 in the previous period[108].
HSSP INTL(03626) - 2024 - 中期财报