Revenue and Profitability - Revenue for the six months ended March 31, 2024, was HKD 346,304,000, a decrease of 5.5% compared to HKD 367,057,000 for the same period in 2023[4] - Gross profit increased to HKD 33,860,000, representing a 42.2% increase from HKD 23,809,000 in the previous year[4] - Profit before tax rose to HKD 14,468,000, up 36.5% from HKD 10,661,000 in the prior year[4] - Net profit attributable to owners of the company was HKD 4,068,000, down 34.5% from HKD 6,220,000 in the same period last year[5] - Basic and diluted earnings per share were both HKD 0.006, a decrease from HKD 0.009 in the previous year[5] - Revenue from power and maintenance engineering services for the six months ended March 31, 2024, was HKD 346,304,000, a decrease of 5.7% from HKD 366,347,000 in the same period of 2023[20] - The profit from power and maintenance engineering services for the same period was HKD 22,288,000, an increase of 101.1% compared to HKD 11,044,000 in 2023[20] - The pre-tax profit for the six months ended March 31, 2024, was HKD 14,468,000, representing a 35.5% increase from HKD 10,661,000 in 2023[20] Assets and Liabilities - Trade receivables increased to HKD 102,874,000, up 16.2% from HKD 88,536,000 as of September 30, 2023[7] - Contract assets rose significantly to HKD 137,699,000, compared to HKD 89,678,000 in the previous period, indicating a strong pipeline of projects[7] - Total assets less current liabilities amounted to HKD 298,760,000, an increase from HKD 289,376,000 as of September 30, 2023[8] - The company's total equity increased to HKD 297,309,000, up from HKD 287,925,000 in the previous year[8] Expenses and Costs - Administrative expenses rose by approximately HKD 0.7 million or 4.3% compared to the same period in 2023, primarily due to increased employee costs[35] - Financing costs increased by approximately HKD 65,000 or 101.6%, mainly due to a new warehouse lease during the period[36] - The company recorded a tax expense of HKD 5,084,000 for the six months ended March 31, 2024, compared to HKD 1,803,000 in 2023[24] Shareholder Information - The company did not declare or propose any interim dividends during the period[27] - The total number of shares for basic and diluted earnings per share was 666,846,000 for the six months ended March 31, 2024, compared to 665,701,000 in 2023[25] - The group did not recommend the payment of an interim dividend for the period[49] - As of March 31, 2024, the total issued shares were 668,801,000 shares, with a total amount of HKD 6,668,000[39] Employment and Workforce - The group employed 85 long-term employees and 982 short-term employees as of March 31, 2024, compared to 84 and 948, respectively, in 2023[42] Future Plans and Investments - The company continues to focus on expanding its power engineering services in Hong Kong, with ongoing investments in new technologies and market strategies[11] - The group is considering investing in new energy generator projects to expand its business scope and improve profitability, currently in the preliminary stage[50] - The group has delayed investment in an electronic platform sales project, awaiting further financial information from the counterpart[50] Miscellaneous - The company did not acquire any property, plant, and equipment during the six months ended March 31, 2024[26] - The group maintained a bank and cash balance of approximately HKD 139.4 million as of March 31, 2024, down from HKD 166.0 million in 2023[39] - The company granted 13,200,000 stock options to one director and one eligible employee participant, allowing them to subscribe to a total of 13,200,000 shares with a par value of HKD 0.01 each[57] - No significant events requiring disclosure occurred after the reporting period, according to the board of directors[58] - The interim report for the period will be sent to shareholders and published on the company's website and the Hong Kong Stock Exchange website at an appropriate time[59]
高丰集团控股(02863) - 2024 - 中期业绩