Financial Performance - Total new contracts signed and supplementary contracts amounted to HKD 186,512,000, a decrease of HKD 9,641,000 or 4.9% compared to HKD 196,153,000 in the same period last year[1] - Total contracts on hand decreased to HKD 1,261,760,000, down HKD 49,008,000 or 3.7% from HKD 1,310,768,000 year-on-year[1] - Revenue from continuing operations was HKD 206,385,000, representing a decrease of 12.2% from HKD 234,974,000 in the previous fiscal year[1] - The loss from continuing operations was HKD 12,074,000, an improvement from a loss of HKD 14,501,000 in the same period last year[1] - Loss attributable to owners of the company was HKD 12,195,000, compared to HKD 14,132,000 in the previous year[1] - Basic and diluted loss per share was HKD 0.0423, down from HKD 0.0503 in the same period last year[1] - Total comprehensive loss for the period was HKD 15,292,000, compared to HKD 18,224,000 in the previous year[2] - For the six months ended June 30, 2024, the company reported a net loss of HKD 12,195,000, compared to a net loss of HKD 14,132,000 for the same period in 2023, indicating an improvement of approximately 14%[5] - The total comprehensive loss for the period was HKD 15,436,000, a decrease from HKD 21,042,000 in the previous year, reflecting a reduction of about 27%[5] Assets and Liabilities - Total non-current assets amounted to HKD 155,993,000, slightly down from HKD 156,707,000 at the end of the previous year[4] - Total current assets decreased to HKD 479,188,000 from HKD 526,491,000 at the end of the previous year[4] - The company’s retained earnings decreased to HKD 141,253,000 from HKD 154,350,000, reflecting a decline of approximately 8.5%[5] - The company’s total liabilities decreased from HKD 505,622,000 to HKD 494,064,000, indicating a reduction of about 2.3%[5] Revenue Breakdown - For the six months ending June 30, 2024, the total revenue from the integrated architectural design services and related services was HKD 206,385,000[12] - The revenue from the integrated architectural design services segment for the six months ending June 30, 2023, was HKD 234,974,000, indicating a decrease of approximately 12% year-over-year[13] - The external customer revenue from Mainland China for the six months ending June 30, 2024, was HKD 81,271,000, down from HKD 120,137,000 in 2023, representing a decline of approximately 32%[15] - The total revenue from the Hong Kong market for the six months ending June 30, 2024, was HKD 76,556,000, a decrease from HKD 85,749,000 in 2023, reflecting a decline of approximately 11%[15] Cash Flow and Investments - Cash and cash equivalents at the end of the period stood at HKD 77,933,000, down from HKD 116,922,000 at the end of June 2023, representing a decrease of approximately 33%[7] - The net cash flow used in operating activities was HKD 6,188,000, a significant improvement compared to a net cash outflow of HKD 27,218,000 in the prior year[7] - The company incurred a net cash outflow from investing activities of HKD 9,468,000, contrasting with a net cash inflow of HKD 8,230,000 in the same period last year[7] Discontinued Operations - The company has classified its BIM services as discontinued operations as of October 6, 2023, impacting future revenue streams[11] - The profit from discontinued operations for the period amounted to HKD 3,568,000, with HKD 499,000 attributable to the company's owners[21] - The discontinued operations generated revenue of HKD 65,200,000 and incurred a service cost of HKD 52,231,000, resulting in a pre-tax profit of HKD 5,113,000[22] - The net cash outflow from discontinued operations was HKD 3,270,000, with operating activities resulting in a cash outflow of HKD 3,161,000[23] Shareholder Information - The company’s issued share capital remained at HKD 2,883,000, with a share premium of HKD 283,501,000 as of June 30, 2024[5] - As of June 30, 2024, the company has a total of 69,398,000 shares held by director Liang Pengcheng, representing 24.07% of the total shares[53] - Major shareholder Beijing Holdings Group Limited holds 79,473,780 shares, accounting for 27.57% of the issued share capital[56] - The company has a total of 44,800,000 stock options available for exercise as of June 30, 2024[58] Corporate Governance - The audit committee, composed of three independent non-executive directors, has reviewed the unaudited consolidated results for the six months ended June 30, 2024[67] - The company has adopted and complied with the corporate governance code as per the listing rules during the six months ended June 30, 2024[65] - The company has adopted a code of conduct for securities transactions by directors, which complies with the standard code set out in the listing rules[63]
思城控股(01486) - 2024 - 中期业绩