Financial Performance - Total revenue for the six months ended September 30, 2024, was HKD 5,952,633, a decrease of 13.0% compared to HKD 6,845,957 for the same period in 2023[32]. - Gross profit for the same period was HKD 2,286,230, down 9.4% from HKD 2,523,900 in the previous year[32]. - Profit attributable to the company's owners for the period was HKD 755,649, representing an 8.5% decline from HKD 825,896 in the prior year[32]. - Basic earnings per share for the period were HKD 46.29, down 8.5% from HKD 50.60 in the previous year[32]. - Operating profit was HKD 2,019,134, compared to HKD 2,126,888 in the previous year, representing a decline of 5.0%[55]. - Net profit for the period was HKD 1,238,001, down from HKD 1,377,784, a decrease of 10.1%[55]. - Total comprehensive income for the period was HKD 1,574.1 million, compared to a loss of HKD 346.5 million in the same period last year[77]. - The total tax expense for the six months ended September 30, 2024, was HKD 399,240,000, a decrease from HKD 414,345,000 in the previous year[134]. Assets and Liabilities - Total segment assets amounted to HKD 57,065,650 as of September 30, 2024[8]. - Total assets increased to HKD 66,320,111, up 4.9% from HKD 63,242,070[46]. - Total liabilities rose to HKD 43,751,404, an increase of 4.7% from HKD 41,789,528[46]. - The total accounts receivable and notes amounted to HKD 2,579,362,000, an increase from HKD 2,135,973,000 as of March 31, 2024, representing a growth of 20.8%[123]. - The total accounts payable and accrued liabilities as of September 30, 2024, was HKD 3,151,140,000, up from HKD 2,685,314,000 as of March 31, 2024[161]. - The group reported a current liability exceeding current assets by approximately HKD 4,400,305,000 as of September 30, 2024, compared to HKD 3,871,747,000 as of March 31, 2024[101]. Cash Flow and Financing - Cash and cash equivalents at the end of the period were HKD 4,689.8 million, a decrease from HKD 5,433.2 million at the end of the previous period[68]. - Operating cash inflow for the period was HKD 715.1 million, compared to HKD 1,153.1 million in the same period last year, indicating a significant decline[68]. - The group has unutilized loan facilities, offers, and note registration amounting to approximately HKD 10,700,000,000 as of September 30, 2024, up from HKD 9,864,100,000 as of March 31, 2024[101]. - The group continues to seek new debt financing and bank loans with acceptable terms[101]. - The company continues to deepen cooperation with existing banks and expand financing channels to improve liquidity[176]. Segment Performance - The company is focusing on expanding its urban water supply and environmental services sectors[30]. - Revenue from the urban water supply operations was HKD 1,724,342, compared to HKD 1,614,677 in the previous year, showing an increase of about 6.8%[110]. - Revenue from the pipeline drinking water supply segment for the six months ended September 30, 2024, was HKD 367,100,000, a decrease of 64.3% compared to HKD 1,027,400,000 in the previous year[168]. - Environmental segment revenue increased by 20.1%, reaching HKD 765,600,000, compared to HKD 637,400,000 last year[152]. - The group reported a total segment profit of HKD 2,172.7 million for the period ending September 30, 2024, compared to HKD 1,996.6 million for the same period in 2023, an increase of 8.8%[48]. Strategic Initiatives - The company is actively pursuing new product development and technological advancements in its operations[30]. - Future outlook includes strategic initiatives for market expansion and potential acquisitions to enhance growth[30]. - The company has suspended the proposed spin-off plan after careful consideration of its development strategy and recent capital market conditions[172]. - The group aims to optimize development strategies and reduce capital expenditures to enhance management and investment efficiency[196]. Shareholding and Corporate Governance - As of September 30, 2024, the company has significant shareholdings, with Mr. Duan Chuanliang holding 471,036,301 shares, representing approximately 28.86% of the company[199]. - The overall shareholding structure indicates a strong commitment from key executives towards the company's growth and stability[199]. - The group is committed to maintaining high corporate governance standards to enhance shareholder value[186].
中国水务(00855) - 2025 - 中期财报