Sino Splendid posts HK$20.17 million H1-2026 revenue, profit slips 4% as gross margin contracts

Bulletin Express
Aug 31

Sino Splendid Holdings Limited reported unaudited interim revenue of HK$20.17 million for the six months ended 30 June 2026, up 6.30% year on year, driven mainly by a larger contribution from the Financial Magazine and Other Media segment.

Revenue mix • Financial Magazine and Other Media: HK$19.60 million, representing 97% of group turnover and rising 10% versus H1-2025. • Travel Media: HK$0.55 million, up 50%. • Money Lending: HK$0.42 million, marginally lower than a year ago. • Securities Investment: net loss of HK$0.40 million (H1-2025: HK$0.35 million gain).

Profitability • Gross profit fell 34% to HK$6.66 million as the group’s gross margin narrowed to 33.0% (H1-2025: 53.6%) on a jump in cost of sales to HK$13.51 million. • Selling and distribution costs dropped 88% to HK$0.28 million following reduced marketing spend. • Administrative expenses declined 23% to HK$3.97 million, reflecting lower AI and IT development costs. • Profit attributable to shareholders slipped 4.46% to HK$2.42 million; basic and diluted EPS eased to 1.19 HK cents (H1-2025: 1.24 HK cents).

Balance sheet and liquidity • Total assets grew 18% since December 2025 to HK$90.26 million, supported by a rise in financial assets at fair value through profit or loss to HK$21.61 million. • Cash and bank balances fell 53% to HK$6.54 million after an operating cash outflow of HK$7.44 million. • Current liabilities increased 27% to HK$52.98 million; nevertheless, net current assets improved to HK$32.10 million. • Equity attributable to owners reached HK$37.28 million, up HK$2.42 million from year-end 2025.

Capital structure and other highlights • Shares in issue remained unchanged at 368.85 million, giving share capital of HK$14.75 million. • No interim dividend was declared. • The group held HK$5.15 million worth of China Automotive Interior Decoration Holdings Limited shares, equal to 5.7% of total assets. • No material acquisitions, disposals, fund-raising activities, or contingencies were reported post-period end.

Operational focus Management continues to reallocate resources toward higher-margin media activities and to monitor foreign-exchange exposure, while exploring opportunities to expand the customer base and project pipeline to enhance shareholder value.

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