Financial Performance - For the six months ended March 31, 2024, total revenue was HKD 92.1 million, compared to HKD 107.6 million for the same period in 2023, representing a decrease of approximately 14.4%[29]. - Revenue for the six months ended March 31, 2024, was HKD 92,109 thousand, a decrease of 14.4% compared to HKD 107,635 thousand for the same period in 2023[43]. - The revenue from foundation and site formation works was HKD 24.3 million, accounting for 26.4% of total revenue, compared to 51.1% in the previous period[29]. - Revenue from foundation and site preparation engineering was HKD 24,349,000, down 55.7% from HKD 54,988,000 in the prior year[107]. - Revenue from health management and consulting business, including health product sales, was HKD 17,034,000, a decrease of 13.8% from HKD 19,760,000 in the previous year[107]. - The company recorded other income of HKD 2,137,000, significantly lower than HKD 7,471,000 in the same period last year[84]. - The company reported a pre-tax loss of HKD 16,674,000 for the six months ended March 31, 2024, compared to a pre-tax loss of HKD 35,577,000 in the previous year[111]. - The net loss for the period was HKD 16,674 thousand, compared to a net loss of HKD 10,293 thousand in the previous year, indicating a significant increase in losses[44]. - Basic and diluted loss per share was HKD 2.11, compared to HKD 1.31 for the same period last year, representing a 61% increase in loss per share[44]. - The total comprehensive expense for the period attributable to owners of the company was HKD 17,004 thousand, compared to HKD 10,808 thousand in the previous year, indicating a 57.5% increase[44]. Financial Position - As of March 31, 2024, the total equity attributable to owners was approximately HKD 28.7 million, down from HKD 45.7 million as of September 30, 2023[5]. - The total debt of the group was approximately HKD 34.7 million, a decrease from HKD 50.5 million as of September 30, 2023[5]. - Total assets decreased from HKD 201,822 million as of September 30, 2023, to HKD 153,397 million as of March 31, 2024, representing a decline of approximately 24%[69]. - Total liabilities decreased from HKD 158,651 million to HKD 127,044 million, a reduction of about 20%[70]. - The company's equity attributable to owners decreased from HKD 45,664 million to HKD 28,660 million, a decline of approximately 37%[68]. - Cash and cash equivalents decreased from HKD 50,353 million to HKD 29,687 million, a drop of around 41%[74]. - The company has a net current asset value of HKD 8,644 million as of March 31, 2024, compared to HKD 26,970 million as of September 30, 2023[70]. - The company's current liabilities included trade and other payables amounting to HKD 89,365 million, down from HKD 106,097 million[70]. - The company has trade payables to related parties amounting to approximately HKD 6,375,000 as of March 31, 2024, compared to HKD 4,774,000 as of September 30, 2023[148]. Cash Flow - The company reported a net cash outflow of HKD 29,687 thousand for the six months ended March 31, 2024, compared to an inflow of HKD 50,353 thousand in the same period last year[54]. - The net cash used in operating activities was HKD 10,003 million for the six months ended March 31, 2024, compared to a net cash used of HKD 39,885 million in the same period last year[74]. - The company reported a loss of HKD 16,885 million for the current period, compared to a loss of HKD 10,484 million in the previous period[71]. Operational Updates - The group had available bank financing of approximately HKD 9.0 million as of March 31, 2024, which was not available as of September 30, 2023[5]. - The company is currently evaluating the impact of a suspended executive director on the group and will seek legal advice on the matter[11]. - The group has secured performance guarantees for contracts amounting to approximately HKD 5.6 million as of March 31, 2024, compared to HKD 3.6 million as of September 30, 2023[168]. - The group has increased its workforce by hiring two project managers, two project engineers, and other key personnel to enhance operational capacity[181]. - The number of employees increased to 210 as of March 31, 2024, up from 172 as of March 31, 2023, primarily due to recruitment for the development of health management and consulting services[196]. - The group is currently facing a dispute regarding unpaid amounts from a school construction project, which has not yet been resolved through mediation[189]. Future Outlook - The group plans to adopt prudent financial management and cost control measures in response to the uncertain business environment, including geopolitical tensions and high interest rates[171]. - The group continues to seek additional licenses and enhance its financial resources to prepare for bidding on suitable public sector projects[171]. - The group plans to utilize the net proceeds in accordance with the purposes outlined in the prospectus, with full utilization expected by September 30, 2024[199]. Investments and Acquisitions - The group did not hold any significant investments, acquisitions, or disposals of subsidiaries, associates, or joint ventures during the reporting period[7]. - The company has not made any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period[191]. - The company acquired property, plant, and equipment at a cost of approximately HKD 813,000 during the period, up from HKD 506,000 in the previous year[96]. - The company has acquired a drilling pile driver, a rock-embedded pile driver, and two air compressors, with a total expenditure of approximately HKD 30.3 million allocated for general working capital[159]. Employee Costs - The total employee cost for the six months ended March 31, 2024, was approximately HKD 24.2 million, reflecting an increase in workforce and associated costs[196]. - Employee benefits expenses, including director remuneration, increased to HKD 24,234,000 from HKD 16,151,000 year-on-year[92].
日赢控股(01741) - 2024 - 中期财报