Financial Performance - Revenue for the six months ended September 30, 2024, increased to HK$661,739,000, up 71% from HK$387,207,000 in the same period of 2023[4] - Gross profit for the period was HK$78,079,000, representing a 63% increase compared to HK$48,026,000 in the prior year[4] - Profit for the period reached HK$21,780,000, a significant rise from HK$2,958,000 in the same period last year, marking a growth of 634%[4] - Earnings per share increased to HK$0.06, compared to HK$0.02 for the same period in 2023[7] - Total comprehensive income for the period was HK$24,063,000, compared to HK$1,197,000 in the previous year[7] - Profit before taxation for the Group was HK$32,419,000 for the six months ended September 30, 2024, a significant increase from HK$9,780,000 in the same period of 2023[74] - The consolidated profit attributable to the owners of the Company amounted to approximately HK$32.4 million for the Period, representing an increase of 231.5% compared to approximately HK$9.8 million for the 2023 Corresponding Period[140] Revenue Breakdown - For the six months ended September 30, 2024, the Group reported total revenue of HK$654,016,000, a significant increase of 71.0% compared to HK$382,770,000 for the same period in 2023[27] - Construction revenue under foundation and other civil works reached HK$589,841,000, up 88.9% from HK$311,961,000 in the previous year[27] - Revenue from foundation and other civil works increased by approximately 89.1%, from HK$312.0 million to HK$589.8 million, primarily due to the full swing of several projects[124] - Revenue from tunneling works decreased by approximately 15.8%, from HK$68.9 million to HK$58.0 million, due to a reduction in the number of ongoing projects[125] - Revenue from premises revitalization and enhancement increased by approximately 106.0%, from HK$6.3 million to HK$13.0 million, attributed to increased rental income and building management fees[126] Assets and Liabilities - Current assets as of September 30, 2024, totaled HK$647,439,000, an increase from HK$547,741,000 as of March 31, 2024[10] - Non-current assets decreased slightly to HK$523,277,000 from HK$527,862,000 as of March 31, 2024[10] - Total assets as of September 30, 2024, amounted to HK$1,170,716, an increase from HK$1,075,603 as of March 31, 2024[49] - Total liabilities increased to HK$671,240 as of September 30, 2024, compared to HK$596,257 as of March 31, 2024[52] - Net assets as of September 30, 2024, were HK$499,476,000, up from HK$479,346,000 as of March 31, 2024[13] Cash Flow and Financing - As of September 30, 2024, the Group had bank balances and cash of approximately HK$205.2 million, up from approximately HK$166.7 million as of March 31, 2024[140] - The Group's net current assets as of September 30, 2024 were approximately HK$294.6 million, an increase from approximately HK$266.8 million as of March 31, 2024[140] - Bank borrowings decreased from HK$14,903,000 as of March 31, 2024, to HK$2,113,000 as of September 30, 2024, a decline of 85.8%[98] - Other borrowings increased to HK$95,373,000 as of September 30, 2024, compared to HK$81,988,000 as of March 31, 2024, marking an increase of 16.2%[98] - The Group's total debts, including bank and other borrowings and lease liabilities, as of September 30, 2024, are approximately 81.3% of total equity, slightly down from 81.4% as of March 31, 2024[142] Operational Highlights - The Group's reportable segments include foundation and other civil works, tunneling works, and premises revitalisation and enhancement[33] - The Group has 27 projects on hand as of 30 September 2024, with 21 related to foundation works and 6 to tunneling works[117] - The Group was awarded construction projects with a total original contract sum of approximately HK$510.6 million during the period, including 3 foundation works and 2 tunneling works[116] Research and Development - Research and development expenses amounted to HK$3,016,000 for the six months ended September 30, 2024, compared to no expenses in the same period of 2023, indicating a focus on innovation[68] - The Group has been recognized for its commitment to innovation, winning two gold medals and one bronze medal at the 49th International Exhibition of Inventions Geneva in April 2024[113] - The company is focused on expanding its biomedical technology capabilities through the establishment of the Comm Lab in HKSTP[157] Corporate Governance and Compliance - The Company has complied with the provisions of the Corporate Governance Code during the period[147] - The Audit Committee reviewed the unaudited Interim Financial Information for the six months ended September 30, 2024[150] - The company is committed to adhering to the Securities and Futures Ordinance, ensuring regulatory compliance in its operations[161] Shareholder Information - A special dividend of HK$0.10 per share was declared on November 25, 2024, following no dividends paid or proposed during the reporting period[72] - The register of members will be closed from December 6 to December 9, 2024, for determining entitlement to the special dividend[147] - The Company purchased 2,360,000 shares in September 2024 for the Share Award Plan, with no other purchases, sales, or redemptions of listed securities during the period[147]
义合控股(01662) - 2025 - 中期业绩