Financial Performance - Revenue for the six months ended January 31, 2024, was HKD 48,916,000, an increase of 16.9% compared to HKD 42,000,000 for the same period in 2023[4] - Gross profit for the same period was HKD 40,064,000, up from HKD 34,855,000, reflecting a gross margin improvement[4] - The company reported a loss attributable to shareholders of HKD 13,980,000, significantly reduced from a loss of HKD 79,747,000 in the previous year[4] - Other income for the period was HKD 9,483,000, compared to HKD 9,122,000 in the prior year, indicating stable additional revenue streams[4] - Total comprehensive expenses for the period amounted to HKD 14,816 thousand, which includes a loss of HKD 13,980 thousand[10] - The group reported a pre-tax loss of HKD 33,271,000, significantly improved from a loss of HKD 79,747,000 in the same period last year[29] - The group incurred a fair value loss of HKD 8 million on investment properties, significantly improved from a loss of HKD 70 million in the previous year[67] Financial Position - Total non-current assets amounted to HKD 1,958,348,000, slightly up from HKD 1,956,663,000 as of July 31, 2023[8] - Current assets decreased to HKD 348,735,000 from HKD 387,201,000, indicating a reduction in liquidity[8] - The company’s total liabilities decreased to HKD 840,322,000 from HKD 862,287,000, reflecting improved financial stability[8] - The net asset value was HKD 1,466,761,000, down from HKD 1,481,577,000, showing a slight decline in equity[8] - As of January 31, 2024, the total equity attributable to owners of the company decreased to HKD 1,466,761 thousand from HKD 1,481,577 thousand as of July 31, 2023[10] - The group’s investment properties at the end of the period were valued at HKD 1,698,012,000, a decrease from HKD 1,705,884,000 at the beginning of the period[35] - The group's investment properties were valued at HKD 1,698,012,000 as of January 31, 2024, a slight decrease from HKD 1,705,884,000 as of July 31, 2023[36] Cash Flow - For the six months ended January 31, 2024, the company reported a net cash outflow from operating activities of HKD (4,519) thousand, compared to a net inflow of HKD 12,484 thousand for the same period in 2023[12] - Cash and cash equivalents at the end of the period were HKD 207,023 thousand, down from HKD 274,236 thousand at the end of January 31, 2023[12] - The company reported a net cash outflow from investing activities of HKD 3,138 thousand for the current period, compared to HKD 2,510 thousand in the previous year[12] Financing Costs - Financing costs increased to HKD 24,693,000 from HKD 16,765,000, highlighting rising interest expenses[4] - Financing costs rose to HKD 25 million, compared to HKD 17 million in the previous year, due to increased borrowing rates[70] - The effective interest rates for secured bank loans ranged from 5.53% to 6.77% for the current period, compared to 6.03% to 6.77% in the previous period[44] Shareholder Information - The total issued shares of the company amounted to 1,421,315,542 as of January 31, 2024[103] - Ms. Lin Wei Shan holds a beneficial interest of 27,034,402 shares and a corporate interest of 739,054,500 shares, totaling 766,088,902 shares, representing 53.90% of the issued share capital[106] - Mr. Lin Hsiao Hsin holds a corporate interest of 736,804,500 shares, representing 51.84% of the issued share capital[106] - Major shareholder Ming Da Holdings holds 736,804,500 shares, representing 51.84% of the total issued shares[113] - Major shareholder Rich Promise Limited holds 708,300,000 shares, representing 49.83% of the total issued shares[113] Operational Strategy - The company plans to focus on market expansion and new product development to drive future growth[4] - The group aims to enhance operational efficiency and implement strict cost control measures to maintain a robust balance sheet amid ongoing challenges in the retail sector[80] - The group plans to optimize its store network and inventory management while focusing on improving store profitability to drive sustainable growth[80] - The group is actively pursuing strategic repositioning of properties with expiring leases to maximize value from its real estate investment portfolio[83] Employee Information - The total number of employees, including part-time sales staff, increased to 110 as of January 31, 2024, up from 108 as of July 31, 2023[98] Compliance and Governance - The audit committee has reviewed the interim report, including the unaudited condensed consolidated interim financial statements[121] - The revised and restated articles of association were adopted at the annual general meeting on December 13, 2023[119]
鳄鱼恤(00122) - 2024 - 中期财报