Workflow
生活概念(08056) - 2025 - 中期业绩
08056LIFE CONCEPTS(08056)2024-11-29 12:20

Financial Performance - The group's revenue for the six months ended September 30, 2024, was approximately HKD 6.5 million, a decrease of about 29.7% compared to the same period in 2023[13] - Revenue for the six months ended September 30, 2024, was HKD 6,545,000, a decrease of 29.8% compared to HKD 9,312,000 for the same period in 2023[15] - Revenue from the restaurant supply business was HKD 5,254,000, down 20.9% from HKD 6,641,000 in the previous year[33] - Revenue from providing financial institution cooperation services decreased by 51.6% to HKD 1,291,000 from HKD 2,671,000 year-on-year[33] - The Group's net loss for the six months was approximately HKD 2,454,000, indicating ongoing financial challenges[28] - The company reported a total loss of HKD 2,453 million for the six months ended September 30, 2024, compared to a loss of HKD 4,423 million in the previous year[42] - For the six months ending September 30, 2024, the company reported a loss attributable to owners of the company of HKD 2,588,000, compared to a loss of HKD 4,472,000 for the same period in 2023, representing a 42% improvement in loss[60] Cash Flow and Liquidity - Operating cash flow for the six months ended September 30, 2024, was HKD 64,599,000, a significant recovery from a cash outflow of HKD 387,000 in the same period last year[23] - As of September 30, 2024, the Group's net current liabilities were approximately HKD 186,043,000, raising concerns about liquidity[28] - The current ratio was 0.19 as of September 30, 2024, down from 0.31 as of March 31, 2024, indicating a decline in liquidity[110] - Cash and cash equivalents decreased to HKD 368,000 from HKD 1,343,000 at the end of the previous reporting period[23] Assets and Liabilities - Total assets decreased to HKD 117,153,000 as of September 30, 2024, down from HKD 122,241,000 as of March 31, 2024[17] - Total liabilities as of September 30, 2024, were HKD 1,072,957 million, compared to HKD 141,668 million as of March 31, 2024[44] - The company's equity attributable to owners was HKD (119,962,000) as of September 30, 2024, compared to HKD (122,702,000) as of March 31, 2024[17] Employee and Operational Changes - The company reported a significant reduction in employee benefits expenses to HKD 1,588,000 from HKD 4,460,000 year-over-year[15] - As of September 30, 2024, the total number of employees in the group was 17, down from 28 on March 31, 2024, with total employee costs amounting to approximately HKD 1,588,000 compared to HKD 4,460,000 in 2023[120] Share and Capital Management - The company issued 370,000,000 shares at a price of HKD 0.0144 per share, raising HKD 2,883,000 during the period[21] - The company completed a share placement on August 2, 2024, raising a net amount of approximately HKD 5.1 million, with 78.43% allocated for debt repayment and 21.57% for working capital[124] - A share consolidation was approved on August 30, 2024, resulting in 94,914,545 consolidated shares effective September 3, 2024[127] - The company has a total of 100 billion shares authorized with a par value of USD 0.001, and 1.9 billion shares issued and fully paid as of September 30, 2024[78] Dividends and Financial Policies - The board did not declare any dividends for the six months ended September 30, 2024, consistent with the previous year[13] - The board of directors resolved not to declare any interim dividend for the six months ended September 30, 2024[116] Compliance and Governance - The Audit Committee, consisting of independent non-executive directors, has reviewed the unaudited consolidated results for the six months ended September 30, 2024, ensuring compliance with applicable accounting standards and GEM listing rules[140] - The board confirmed compliance with the GEM Listing Rules regarding securities trading during the six months ending September 30, 2024[137] - The company has not separated the roles of Chairman and CEO, with Mr. Xu Qiang serving in both capacities, providing strong and consistent leadership[139] Future Outlook and Plans - The company plans to open a new Chinese restaurant in Hong Kong, currently under renovation, expected to commence operations in Q1 2025[86] - The company aims to invest more resources into food ingredient sales and actively seek long-term partnerships with suppliers and customers[86]