Financial Performance - Revenue for the six months ended June 30, 2024, was MOP 58,923,000, a decrease of 23.5% from MOP 77,095,000 in the same period of 2023[2] - Gross profit for the same period was MOP 11,851,000, with a gross margin of 20.1% compared to 0.7% in the previous year[2] - The net profit for the six months ended June 30, 2024, was MOP 2,482,000, a significant recovery from a net loss of MOP 10,341,000 in the prior year[2] - Basic earnings per share for the period was MOP 0.64, compared to a loss per share of MOP 1.19 in the previous year[2] - The company reported a total comprehensive income of MOP 2,100,000 for the period, compared to a total comprehensive loss of MOP 10,911,000 in the previous year[2] - The company reported a pre-tax profit of MOP 2,420,000 for the six months ended June 30, 2024, compared to a pre-tax loss of MOP 10,258,000 for the same period in 2023[15] - The company reported a profit attributable to shareholders of MOP 3,827,000 for the six months ended June 30, 2024, compared to a loss of MOP 7,140,000 in the same period of 2023[21] - The gross profit for the six months ended June 30, 2024, was approximately MOP 11.85 million, an increase of about MOP 11.3 million compared to the same period in 2023[39] - The gross profit margin increased from approximately 0.7% for the six months ended June 30, 2023, to 20.1% for the six months ended June 30, 2024, a rise of 19.4 percentage points[40] - Other income for the six months ended June 30, 2024, was approximately MOP 6.7 million, up from MOP 4.1 million in the same period in 2023, primarily due to increased bank interest income and insurance claims[41] - The net loss for the six months ended June 30, 2023, was approximately MOP 10.3 million, while the profit for the same period in 2024 was approximately MOP 2.5 million[45] Assets and Liabilities - Total assets as of June 30, 2024, were MOP 189,895,000, a decrease from MOP 228,780,000 as of December 31, 2023[4] - Current liabilities decreased to MOP 82,735,000 from MOP 125,210,000 at the end of the previous year[4] - The company's net assets increased to MOP 189,355,000 from MOP 187,238,000 at the end of 2023[5] - Trade and other receivables totaled MOP 30,408,000 as of June 30, 2024, slightly up from MOP 30,103,000 as of December 31, 2023[23] - The total trade and other payables amounted to MOP 79.738 million, a decrease from MOP 99.001 million as of December 31, 2023[31] - The total cash and bank balances as of June 30, 2024, were approximately MOP 125.0 million, a decrease of about MOP 4.8 million from MOP 129.8 million as of December 31, 2023[46] Revenue Breakdown - The revenue from renovation engineering contracts was MOP 58,923,000 for the six months ended June 30, 2024, while structural engineering contracts generated no revenue during this period[10] - The external customer revenue from Macau was MOP 33,563,000 for the six months ended June 30, 2024, down from MOP 39,598,000 in 2023, a decrease of approximately 12.9%[17] - The total external customer revenue for the six months ended June 30, 2024, was MOP 58,923,000, compared to MOP 77,095,000 in 2023, indicating a significant decline in overall performance[17] - The revenue from renovation projects increased by approximately MOP 15.6 million or 36.1%, offsetting some of the revenue decline from structural engineering projects[38] Business Operations and Strategy - The company continues to focus on expanding its construction services and air purification systems, aiming for market growth in these sectors[7] - The company plans to expand its business network and customer base in Macau, Hong Kong, and mainland China, while actively seeking new business opportunities in other industries, including financial services[37] - The company announced the acquisition of a Hong Kong-registered company holding licenses for securities advice and asset management, which is expected to diversify its business portfolio[37] - The company was awarded 8 renovation projects with a total contract value of approximately MOP 32.0 million during the reporting period[35] - The company had 25 ongoing projects as of June 30, 2024, including 1 structural engineering project and 24 renovation projects[35] Risk Management - The company emphasizes the importance of risk management to mitigate operational and financial risks, including significant fluctuations in construction material and labor costs[54] - Poor project management or delays could severely impact the company's reputation and may incur fines or additional costs, affecting financial performance[54] - The company relies on subcontractors for project completion, and their underperformance could negatively impact operations, profitability, and reputation[54] Corporate Governance - The company has adopted corporate governance principles in compliance with the Stock Exchange's Corporate Governance Code[55] - The audit committee, established in August 2018, monitors the integrity of financial statements and reviews significant financial reporting judgments[58] - The audit committee consists of three independent non-executive directors, with Mr. Ouyang Weili serving as the chairman[58] - The unaudited condensed consolidated financial statements for the six months ending June 30, 2024, have been reviewed by the audit committee and the company's auditors[58] Other Information - The company did not declare or propose any dividends for the interim periods[20] - The company has no significant investment or capital asset plans beyond those disclosed in its prospectus dated August 27, 2018[48] - No significant events related to disclosures have occurred after June 30, 2024, up to the date of this announcement[55] - The company has not purchased, sold, or redeemed any of its listed securities during the six months ending June 30, 2024[56]
奥邦建筑(01615) - 2024 - 中期业绩