Financial Performance - For the six months ended March 31, 2024, the group's unaudited revenue was approximately HKD 14.9 million, an increase of about 13.7% compared to the same period in 2023[10]. - The group's unaudited gross profit for the same period was approximately HKD 7.7 million, representing a significant increase of about 57.1% year-on-year[10]. - The group recorded an unaudited net loss of approximately HKD 3.6 million for the six months ended March 31, 2024, compared to a net loss of approximately HKD 7.5 million for the same period in 2023[10]. - Basic loss per share for the six months ended March 31, 2024, was HKD 0.36, improved from HKD 0.75 for the same period in 2023[10]. - The group incurred a loss attributable to owners of the company of HKD 3,556,000 for the six months ended March 31, 2024, compared to a loss of HKD 7,506,000 for the same period in 2023, indicating a reduction in losses by 52.7%[39]. - Basic and diluted loss per share improved to HKD 0.36 in 2024 from HKD 0.75 in 2023, reflecting a 52% decrease in loss per share[39]. - The group reported a net cash inflow from operating activities of HKD 4,233,000 for the six months ended March 31, 2024, compared to HKD 1,111,000 for the same period in 2023[18]. - The company incurred a total comprehensive loss of HKD 3,556,000 for the six months ended March 31, 2024, compared to a loss of HKD 7,506,000 for the same period in 2023[16]. Expenses and Income - The group reported other income of HKD 1.6 million for the six months ended March 31, 2024, compared to HKD 644,000 in the same period of 2023[13]. - Selling expenses for the six months ended March 31, 2024, were HKD 1.5 million, an increase from HKD 1.1 million in the previous year[13]. - Administrative expenses decreased slightly to HKD 11.1 million for the six months ended March 31, 2024, from HKD 11.5 million in the same period of 2023[13]. - Financing costs decreased to HKD 232,000 for the six months ended March 31, 2024, compared to HKD 443,000 in the previous year[13]. - Total employee benefits expenses increased slightly to HKD 10,767,000 in 2024 from HKD 10,398,000 in 2023, representing a rise of 3.5%[37]. Assets and Liabilities - As of March 31, 2024, total non-current assets decreased to HKD 8,273,000 from HKD 12,682,000 as of September 30, 2023, representing a decline of approximately 34%[15]. - Current assets totaled HKD 68,389,000, down from HKD 77,372,000, indicating a decrease of about 11.4%[15]. - Trade receivables decreased to HKD 4,036,000 from HKD 14,018,000, a reduction of approximately 71%[15]. - Current liabilities decreased to HKD 22,301,000 from HKD 29,860,000, indicating a decline of about 25.5%[15]. - The company’s lease liabilities decreased significantly from HKD 8,976,000 to HKD 6,845,000, a reduction of approximately 23.7%[15]. - Total equity decreased to HKD 53,901,000 as of March 31, 2024, down from HKD 57,457,000, reflecting a decline of about 6.5%[16]. - Cash and bank balances, along with time deposits, amounted to approximately HKD 61.7 million as of March 31, 2024, compared to HKD 60.6 million as of September 30, 2023[64]. - The current ratio improved to 3.1 times as of March 31, 2024, from 2.6 times as of September 30, 2023[66]. Dividends and Corporate Governance - The board of directors decided not to declare any dividend for the six months ended March 31, 2024, consistent with the previous year[10]. - The group did not declare any dividends for the six months ended March 31, 2024, consistent with the previous period where no dividends were declared[38]. - The company complied with all corporate governance code provisions as of March 31, 2024[88]. - The audit committee has reviewed the unaudited consolidated results for the six months ending March 31, 2024, and confirmed compliance with applicable accounting standards and GEM listing rules[91]. - The audit committee consists of independent non-executive directors, ensuring oversight of financial reporting and internal controls[91]. Operational Insights - The group aims to continue improving its financial performance and exploring new strategies for market expansion and product development[12]. - The group identified only one operating segment, which is the provision of financial printing services, with all revenue generated in Hong Kong[34]. - The group believes that the impact of the removal of the offsetting mechanism on its operations is minimal[31]. - The group reported no acquisitions or disposals of property, plant, and equipment during the six months ended March 31, 2024[41]. - The group held no significant investments or capital assets as of March 31, 2024[74]. - The group had 51 full-time employees as of March 31, 2024, down from 56 full-time employees as of March 31, 2023[76]. - There were no significant events requiring disclosure after March 31, 2024, up to the report date[78]. - The group had no share options granted, exercised, or cancelled under the share option scheme as of March 31, 2024[85]. - No purchases or sales of the company's listed securities occurred during the six months ending March 31, 2024[90]. - The total cash outflow related to leases was approximately HKD 4,666,000 for the six months ended March 31, 2024, compared to HKD 4,986,000 for the same period in 2023[44]. - The group did not incur any income tax for the six months ended March 31, 2024, as there were no taxable profits generated[62]. - As of March 31, 2024, the group had no significant capital commitments, remaining unchanged from zero as of September 30, 2023[70]. - As of March 31, 2024, the group reported no significant contingent liabilities, consistent with zero as of September 30, 2023[71]. - No acquisitions or disposals of subsidiaries, associates, or joint ventures occurred during the six months ending March 31, 2024[72].
钜京控股(08450) - 2024 - 中期业绩