Financial Performance - The total revenue for the period was approximately HKD 720.7 million, an increase of about HKD 222.2 million or 44.6% compared to the previous period's revenue of HKD 498.6 million[2]. - The profit and total comprehensive income for the period was approximately HKD 13.5 million, up by about HKD 1.9 million or 16.7% from HKD 11.5 million in the previous period, driven by increased revenue from IT infrastructure solution services[2]. - Gross profit for the period was HKD 66.7 million, compared to HKD 56.9 million in the previous period[5]. - The company reported a pre-tax profit of HKD 15.2 million, an increase from HKD 13.9 million in the previous period[5]. - The basic earnings per share for the six months ended September 30, 2024, was HKD 0.045, compared to HKD 0.038 in the same period in 2023, marking an increase of approximately 18.4%[36]. - The group reported a net other income of HKD 2,810,000 for the current period, compared to HKD 2,227,000 in the previous year, indicating an increase of approximately 26.2%[27]. Revenue Segmentation - For the six months ended September 30, 2024, the total segment revenue was HKD 720,738,000, an increase from HKD 498,563,000 for the same period in 2023, representing a growth of approximately 44.5%[27]. - Revenue from IT infrastructure solutions services was approximately HKD 649.1 million, up about HKD 223.6 million or 52.6% from HKD 425.5 million in the previous period, contributing approximately 90.1% to total revenue[52]. - The segment profit for the Information Technology Infrastructure Solutions segment was HKD 27,701,000, compared to HKD 19,786,000 in the previous year, reflecting a growth of about 39.5%[27]. Dividends and Shareholder Returns - The board of directors resolved not to declare an interim dividend for the period, compared to HKD 0.02 in the previous period[2]. - The group did not declare any interim dividends for the current period, compared to an interim dividend of HKD 0.02 per share totaling HKD 6,000,000 in the previous year[34]. - The group did not declare an interim dividend for the period, compared to an interim dividend of HKD 0.02 per share for the six months ended September 30, 2023[70]. Assets and Liabilities - Non-current assets as of September 30, 2024, totaled HKD 86.2 million, compared to HKD 13.7 million as of March 31, 2024[8]. - Current assets amounted to HKD 550.8 million, an increase from HKD 503.2 million as of March 31, 2024[8]. - The company's net asset value was HKD 191.3 million as of September 30, 2024, compared to HKD 181.3 million as of March 31, 2024[9]. - Total bank borrowings as of September 30, 2024, amounted to approximately HKD 96.4 million, up from HKD 11.0 million as of March 31, 2024[58]. - Trade receivables as of September 30, 2024, were HKD 217.7 million, compared to HKD 159.3 million as of March 31, 2024[40]. - As of September 30, 2024, the group's net current assets amounted to approximately HKD 130.2 million, down from HKD 171.5 million as of March 31, 2024[60]. - The group recorded cash and cash equivalents of approximately HKD 69.7 million as of September 30, 2024, a decrease from HKD 159.8 million as of March 31, 2024[60]. Operating Expenses and Costs - The cost of goods sold for the period was HKD 543,450,000, compared to HKD 382,186,000 in the previous year, which shows an increase of about 42.3%[32]. - Operating expenses totaled approximately HKD 57.1 million, an increase of about HKD 12.8 million or 28.8% from HKD 44.3 million in the previous period[56]. - The company experienced a significant increase in sales costs, which totaled approximately HKD 654.0 million, an increase of about HKD 212.4 million or 48.1% from HKD 441.6 million in the previous period[53]. - The total employee cost, including directors' remuneration, reached approximately HKD 64.8 million, compared to HKD 53.6 million in the previous period[69]. Accounting Standards and Future Outlook - The company has adopted new accounting standards that may affect the classification of liabilities but did not have a significant impact on the financial statements for the period[16]. - The group expects the application of the revised Hong Kong Accounting Standards to impact its liabilities and cash flows, particularly regarding supplier financing arrangements, starting from April 1, 2024[21]. - The group anticipates that the revised standards will enhance the disclosure of supplier financing arrangements, aiding users in assessing the impact on liabilities and cash flows[23]. - The group recorded a depreciation expense of HKD 6,987,000 for the six months ended September 30, 2024, slightly up from HKD 6,765,000 in the same period last year[32]. - The group is actively expanding its artificial intelligence (AI) business to capture future opportunities and enhance competitiveness[75]. - The company anticipates challenges in the Hong Kong economy for the second half of the year due to high operating costs and ongoing tensions between the US and China[50]. Corporate Governance and Reporting - The mid-term performance announcement is published on the Hong Kong Stock Exchange website and the company's website[84]. - The mid-term report contains all relevant information as required by the listing rules and will be sent to shareholders[84]. - The executive directors are Wang Guangbo and Huang Tianlei, with independent non-executive directors including Dai Bin, Xu Jianwen, and Lan Jia[85]. - The group had no significant contingent liabilities or major investments as of September 30, 2024[65][71]. - The group has not engaged in any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the period[73].
美高域(01985) - 2025 - 中期业绩