Financial Performance - For the six months ended March 31, 2025, the group's unaudited revenue was approximately HKD 8.6 million, a decrease of about 42.3% compared to HKD 14.9 million in the same period of 2024[6] - The group's unaudited gross profit for the same period was approximately HKD 1.3 million, down approximately 83.1% from HKD 7.7 million in 2024[6] - The group recorded an unaudited net loss of approximately HKD 7.7 million for the six months ended March 31, 2025, compared to a net loss of approximately HKD 3.6 million in 2024[6] - Basic loss per share for the six months ended March 31, 2025, was HKD 0.77, compared to HKD 0.36 for the same period in 2024[6] - The company reported a net loss attributable to owners of HKD (7,669,000) for the six months ended March 31, 2025, compared to a loss of HKD (3,556,000) in 2024, representing a 116.5% increase in losses[22] - Basic and diluted loss per share for the six months ended March 31, 2025, was HKD (0.77), compared to HKD (0.36) for the same period in 2024[22] Dividends - The board of directors decided not to declare any dividend for the six months ended March 31, 2025, consistent with the previous year[6] - The company did not declare any dividends for the six months ended March 31, 2025, consistent with the previous year[21] - The board decided not to declare an interim dividend for the six months ended March 31, 2025, consistent with the previous year[52] Assets and Liabilities - As of March 31, 2025, total assets less current liabilities amounted to HKD 53.3 million, compared to HKD 51.2 million as of September 30, 2024[9] - The group had a total equity of HKD 42.5 million as of March 31, 2025, down from HKD 50.2 million as of September 30, 2024[9] - Cash and bank balances, along with fixed deposits, amounted to approximately HKD 47.3 million as of March 31, 2025, down from HKD 60.2 million as of September 30, 2024[41] - Current assets were approximately HKD 60.1 million and current liabilities were about HKD 22.3 million as of March 31, 2025, resulting in a current ratio of 2.7 times[42] Cash Flow - Operating activities used net cash of HKD 9.4 million for the six months ended March 31, 2025, compared to a net cash inflow of HKD 4.2 million in 2024[11] - The group reported a net cash inflow from investing activities of HKD 31.5 million for the six months ended March 31, 2025[11] Expenses - Employee benefits expenses for the six months ended March 31, 2025, were HKD 10,359,000, a decrease of 3.8% from HKD 10,767,000 in 2024[20] - Depreciation of right-of-use assets for the six months ended March 31, 2025, was HKD 1,354,000, down from HKD 4,172,000 in 2024, indicating a significant reduction in depreciation expenses[25] - Cash outflow related to leases for the six months ended March 31, 2025, was approximately HKD 3,428,000, compared to HKD 4,666,000 for the same period in 2024, showing a decrease of 26.6%[24] - Selling expenses decreased from approximately HKD 1.5 million to HKD 1.1 million, mainly due to a decline in employee costs[36] - Administrative expenses decreased from about HKD 11.1 million to approximately HKD 8.8 million, attributed to lower employee costs and depreciation of right-of-use assets[37] Investments - The company acquired a 34% stake in Richwood International Holding Limited for approximately HKD 1,066,000 on March 7, 2025, expanding its investment portfolio in asset management services[26] Trade Receivables - Total trade receivables as of March 31, 2025, amounted to HKD 12,027,000, down from HKD 15,289,000 as of September 30, 2024, reflecting a decrease of 21.5%[27] Corporate Governance - The company has complied with all corporate governance codes as per GEM Listing Rules Appendix C1 during the six months ending March 31, 2025[59] - The audit committee has reviewed the unaudited consolidated results for the six months ending March 31, 2025, ensuring compliance with applicable accounting standards and GEM Listing Rules[62] Shareholder Information - As of March 31, 2025, the major shareholder, Baoting Management Limited, holds 557,800,000 shares, representing 55.8% of the company's equity[55] - The company has not granted, exercised, or cancelled any share options under the share option plan as of March 31, 2025, with a total of 100,000,000 options available for grant[57] - There are no known entities or individuals, excluding directors and key executives, holding any interests in shares or related shares that require disclosure as of March 31, 2025[56] Risk Management - The company has no significant concentration of credit risk in trade receivables, with risks spread across multiple counterparties[28] Other Income - Other income decreased from HKD 1.6 million to HKD 1.2 million, primarily due to a reduction in interest income from fixed deposits[35] Capital Commitments - The group had no significant capital commitments or contingent liabilities as of March 31, 2025[46][47]
钜京控股(08450) - 2025 - 中期财报