Financial Performance - Revenue for the six months ended September 30, 2024, was $86,797 thousand, an increase of 12.4% compared to $77,482 thousand in 2023[4] - Gross profit for the same period was $21,871 thousand, up from $19,628 thousand, reflecting a gross margin improvement[4] - The net loss for the period was $2,330 thousand, a significant reduction from the loss of $5,339 thousand in the previous year, indicating improved operational efficiency[4] - The company reported a basic and diluted loss per share of $0.12, an improvement from $0.29 in the previous year[4] - The company reported a loss of $1,922,000 for the six months ending September 30, 2024, with total comprehensive income of $15,497,000[23] - The company’s equity as of September 30, 2024, was $138,235,000, with non-controlling interests at $2,118,000[23] - The company declared an interim dividend of $2,531,000 for the 2023/2024 fiscal year[23] - The company’s retained earnings as of September 30, 2024, were $179,950,000[23] - The company reported a currency translation gain of $17,430,000 for the six months ending September 30, 2024[23] - The company’s share capital remained at $21,298,000 as of September 30, 2024[23] Cash Flow and Liquidity - Cash and cash equivalents rose to $75,578 thousand, up from $68,103 thousand, indicating improved liquidity[10] - Operating cash flow for the six months ended September 30, 2024, was $997,000, a decrease of 62.3% compared to $2,647,000 in 2023[28] - Net cash used in operating activities was $(655,000), down from $1,196,000 in the previous year[28] - Net cash from investing activities was $672,000, a significant improvement from $(40,000) in the same period last year[28] - Cash and cash equivalents increased by $1,515,000, compared to a decrease of $(1,319,000) in the prior year[28] - Cash and cash equivalents at the end of the period stood at $75,578,000, up from $58,139,000 in 2023[28] - Total cash inflow from financing activities was $1,498,000, compared to an outflow of $(2,475,000) in the previous year[28] - The company received $7,682,000 from bank and other borrowings, a significant increase from $340,000 in the prior year[28] - The company reported a decrease in dividends paid, remaining consistent at $(2,531,000) for both periods[28] Assets and Liabilities - Total assets as of September 30, 2024, were $147,513 thousand, an increase from $134,501 thousand as of March 31, 2024[10] - Current liabilities increased to $71,917 thousand from $64,668 thousand, primarily due to higher trade and other payables[10] - The company’s total non-current liabilities remained stable, with a slight decrease in the current portion of other non-current liabilities from $(23,000) to $(26,000)[137] - Trade receivables as of September 30, 2024, amounted to $15,799,000, an increase from $14,337,000 as of March 31, 2024[128] - Trade payables increased to $7,764,000 as of September 30, 2024, compared to $6,116,000 on March 31, 2024, representing an increase of 26.9%[133] - Accrued expenses and other payables rose to $14,361,000 as of September 30, 2024, up from $12,922,000 on March 31, 2024, reflecting a growth of 11.1%[133] - The total current bank borrowings secured increased to $32,419,000 as of September 30, 2024, compared to $27,073,000 on March 31, 2024, marking an increase of 19.3%[134] Segment Performance - For the six months ended September 30, 2024, total revenue was $86.797 million, with $52.105 million from publishing and printing and $34.692 million from travel-related services[87] - Advertising revenue amounted to $32.445 million, with $17.820 million from Malaysia, $12.701 million from Hong Kong and Taiwan, and $1.924 million from North America[87] - The pre-tax loss for the group was $1.531 million, with a pre-tax loss of $3.579 million from the publishing and printing segment[87] - The group reported a total sales figure of $19.660 million from newspapers, magazines, books, and digital content[87] - The group had a pre-tax profit of $2.048 million from travel-related services, contrasting with losses in the publishing and printing segments[87] - The travel segment's revenue increased by 54.4%, from $22,475,000 to $34,692,000, contributing to a pre-tax profit of $2,048,000, up 89.3% from $1,082,000[170] - The publishing and printing segment's revenue decreased by 5.3%, from $55,007,000 to $52,105,000, with pre-tax losses improving from $5,879,000 to $3,579,000[170] Market Strategy and Future Outlook - The company continues to explore market expansion opportunities and new product development strategies to drive future growth[4] - The company plans to increase the selling price of its newspapers in Hong Kong starting November 1, 2024, to offset rising operational costs and enhance profitability[177] - The group anticipates a challenging second half of the fiscal year due to global economic uncertainties and geopolitical tensions[186] - The group is expanding its luxury travel offerings in response to increased demand for exclusive travel experiences[180] - The group is committed to enhancing and diversifying its luxury travel products to solidify its position in a profitable market[180] - The digital business strategy focuses on customer-centric growth and profitability, enhancing first-party data capabilities for future advertising development[181] Shareholder Information - As of September 30, 2024, major shareholders include Sir Dato' Zhang Xiaoqing with 1,094,187,814 shares, representing 66.12% of issued ordinary shares[200] - Dato' Dr. Zhang Yiju holds 289,131,889 shares, accounting for 17.47% of the issued ordinary shares[200] - TTSH holds 378,998,616 shares, which is 22.90% of the issued ordinary shares[200] - Conch Company Limited owns 253,987,700 shares, representing 15.35% of the issued ordinary shares[200] - Dexinli Enterprise Private Limited has 196,487,646 shares, equating to 11.87% of the issued ordinary shares[200] - TTSE holds 131,168,460 shares, which is 7.93% of the issued ordinary shares[200] - Kinta Hijau Sdn Bhd possesses 129,424,143 shares, representing 7.82% of the issued ordinary shares[200]
世界华文媒体(00685) - 2025 - 中期财报