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晋景新能(01783) - 2025 - 中期业绩
ENVISION GREENENVISION GREEN(HK:01783)2024-11-22 12:41

Financial Performance - For the six months ended September 30, 2024, the group recorded revenue of approximately HKD 248.2 million, an increase of about HKD 10.7 million or 4.5% compared to HKD 237.5 million for the same period in 2023[3]. - Gross profit for the same period was approximately HKD 44.4 million, a significant increase of about HKD 33.9 million or 323.9% from HKD 10.5 million in the prior year, resulting in a gross margin of approximately 17.9%[3]. - The company reported a loss attributable to owners of approximately HKD 26.6 million for the six months ended September 30, 2024, compared to a loss of HKD 23.1 million for the same period in 2023[3]. - Adjusted EBITDA turned from a loss of approximately HKD 13.8 million in the previous year to a profit of approximately HKD 15.9 million for the current period[3]. - Basic and diluted loss per share was approximately HKD 2.12, compared to HKD 2.04 for the same period in 2023[3]. - The group reported a loss before tax of HKD 24,334,000 for the six months ended September 30, 2024, compared to a loss of HKD 23,263,000 in the same period of 2023[25]. - The company recorded a loss attributable to owners of approximately HKD 26.6 million for the six months ending September 30, 2024, an increase of about HKD 3.5 million compared to a loss of approximately HKD 23.1 million for the same period in 2023[85]. Revenue Breakdown - Revenue from the upper structure construction and renovation services was HKD 90,733,000, down 47.2% from HKD 171,430,000 in the previous year[31]. - Revenue from reverse supply chain management and environmental services increased significantly to HKD 157,443,000, up 138.0% from HKD 66,090,000 in the previous year[31]. - The group recognized revenue of HKD 148,698,000 at a point in time and HKD 99,478,000 over time for the six months ended September 30, 2024[32]. - Revenue from reverse supply chain management and environmental services increased by approximately HKD 91.4 million, while revenue from superstructure construction and renovation services decreased by approximately HKD 80.7 million[80]. Assets and Liabilities - Current assets as of September 30, 2024, included cash and cash equivalents of HKD 111.2 million, an increase from HKD 49.9 million in the previous year[12]. - Current liabilities decreased to HKD 393.96 million from HKD 583.45 million in the previous year, indicating improved liquidity[13]. - Total assets decreased to HKD 555.66 million from HKD 665.72 million, reflecting a reduction in overall asset base[12]. - The company’s total assets decreased to HKD 363,933,000 as of September 30, 2024, from HKD 433,191,000 as of March 31, 2024, representing a decline of 16%[54]. - Trade payables as of September 30, 2024, amount to HKD 59,405,000, a decrease from HKD 124,684,000 as of March 31, 2024[59]. Expenses - Employee benefits expenses, including director remuneration, increased significantly to HKD 20,711,000 from HKD 13,635,000, marking a rise of 52%[38]. - The cost of inventory recognized as an expense surged to HKD 54,727,000, compared to HKD 14,142,000 in the previous year, indicating a substantial increase of 287%[38]. - Operating expenses totaled approximately HKD 73.9 million for the six months ending September 30, 2024, an increase of about HKD 40.3 million or 120.0% compared to approximately HKD 33.6 million for the same period in 2023[84]. Dividends and Share Issuance - The board has resolved not to declare any interim dividend for the six months ended September 30, 2024, consistent with the previous year[3]. - The company issued a total of 19,668,000 new shares at a placement price of HKD 4.2 per share, raising approximately HKD 82,606,000[68]. - The total net proceeds from the subscription amount to approximately HKD 82.48 million, with 50% allocated to the environmental park project and 50% for general working capital[109]. Future Outlook - The company is optimistic about future growth, particularly in reverse supply chain management and environmental services, which began in the fiscal year ending March 31, 2023[77]. - The company plans to explore business opportunities in both superstructure construction and reverse supply chain management to promote future growth[80]. Other Financial Information - The group incurred finance costs of HKD 1,784,000 for the six months ended September 30, 2024, compared to HKD 426,000 in the previous year[36]. - Other income for the period was HKD 7,042,000, significantly higher than HKD 1,593,000 in the same period of 2023[35]. - The total income tax expense for the period was HKD (2,298,000), compared to HKD 139,000 in the previous year, indicating a significant increase in tax expenses[39]. - The company has not recognized any tax provision for the six months ended September 30, 2023, due to no taxable profits being generated during that period[41].