Financial Performance - The group reported unaudited revenue of approximately HKD 14.9 million for the six months ended March 31, 2024, an increase of about 13.7% compared to the same period in 2023[4] - The unaudited gross profit for the same period was approximately HKD 7.7 million, representing a significant increase of about 57.1% year-on-year[4] - 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[4] - 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[4] - The company's loss attributable to shareholders for the six months ended March 31, 2024, was HKD 3,556,000, compared to a loss of HKD 7,506,000 for the same period in 2023, representing a reduction in loss of approximately 52.7%[33] - Basic and diluted loss per share for the six months ended March 31, 2024, was HKD 0.36, down from HKD 0.75 in the same period of 2023, indicating an improvement of 52%[33] Revenue Breakdown - Revenue from listing-related documents was HKD 8,150,000, significantly up from HKD 2,827,000 in the previous year, indicating a growth of 187.5%[26] - Revenue from printing listing-related documents rose by approximately HKD 5.4 million to HKD 8.2 million, while revenue from printing periodic reports decreased by HKD 1.6 million to HKD 3.2 million[46] Expenses and Costs - Employee benefits expenses, including director remuneration, totaled HKD 10,767,000 for the six months ended March 31, 2024, compared to HKD 10,398,000 in the same period last year, reflecting an increase of 3.5%[31] - The total service cost for the six months ended March 31, 2024, decreased by approximately 12.2% to HKD 7.2 million from HKD 8.2 million in the same period of 2023, attributed to effective cost control[48] - Sales expenses increased from approximately HKD 1.1 million to HKD 1.5 million, mainly due to rising employee costs[52] - Administrative expenses decreased from approximately HKD 11.5 million to HKD 11.1 million, attributed to lower employee costs and depreciation of property, plant, and equipment[53][54] Cash Flow and Liquidity - Cash and cash equivalents increased to HKD 32.3 million as of March 31, 2024, compared to HKD 11.6 million at the beginning of the period[12] - The net cash generated from operating activities was HKD 4.2 million for the six months ended March 31, 2024[12] - As of March 31, 2024, the group's cash and bank balances, along with fixed deposits, amounted to approximately HKD 61.7 million, with no bank borrowings[58] - The current ratio as of March 31, 2024, was 3.1 times, up from 2.6 times as of September 30, 2023[60] Assets and Equity - Total assets less current liabilities amounted to HKD 54.4 million as of March 31, 2024, down from HKD 60.2 million as of September 30, 2023[9] - The group’s non-current assets decreased to HKD 8.3 million as of March 31, 2024, from HKD 12.7 million as of September 30, 2023[9] - The group’s total equity decreased to HKD 53.9 million as of March 31, 2024, from HKD 57.5 million as of September 30, 2023[9] Dividends - The board of directors decided not to declare any dividend for the six months ended March 31, 2024, consistent with the previous year[4] - The group did not declare any dividends for the six months ended March 31, 2024, consistent with the previous year[32] - The board decided not to declare an interim dividend for the six months ended March 31, 2024, consistent with the previous period[71] Corporate Governance - The company has complied with all corporate governance codes as per GEM listing rules[82] - The audit committee has reviewed the unaudited consolidated results for the six months ended March 31, 2024, ensuring compliance with applicable accounting standards[85] Other Information - The group operates solely in the financial printing service sector, with all revenue generated in Hong Kong[28] - The group has not incurred any taxable profits during the review periods, resulting in no provision for Hong Kong profits tax[30] - The group has adopted all relevant amendments to Hong Kong Financial Reporting Standards without significant impact on its financial position or performance[17] - Management believes that the impact of the abolition mechanism on the group is minimal[25] - The company has no acquisitions or disposals of property, plant, and equipment during the six months ended March 31, 2024[35] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the period[66] - As of March 31, 2024, there were no stock options granted, exercised, or canceled under the stock option plan since the listing date[79] - The incremental borrowing rate applicable to lease liabilities was 5.25% for the six months ended March 31, 2024, consistent with the previous period[39] - The group’s depreciation expenses for property, plant, and equipment amounted to HKD 237,000, down from HKD 438,000 in the previous year, a decrease of 46%[31] - The group’s financing costs related to lease liabilities decreased from HKD 443,000 to HKD 232,000, a reduction of 47.5%[31] - The cash outflow related to leases for the six months ended March 31, 2024, was approximately HKD 4,666,000, compared to HKD 4,986,000 for the same period in 2023[38] - Achiever Choice holds 560,000,000 shares, representing 56% of the company's equity[77] - 阮倩儀 holds 192,200,000 shares, accounting for 19% of the company's equity[77]
钜京控股(08450) - 2024 - 中期财报