Financial Performance - The total revenue for the six months ended September 30, 2024, was approximately HKD 148.0 million, representing an increase of about 9.5% compared to HKD 135.2 million for the same period in 2023[2]. - The profit attributable to the owners of the company for the six months ended September 30, 2024, was HKD 25.7 million, an increase of approximately 28.8% from HKD 19.9 million in the previous period[2]. - Basic and diluted earnings per share for the six months ended September 30, 2024, were HKD 2.57, compared to HKD 1.99 for the same period in 2023[4]. - The total comprehensive income for the six months ended September 30, 2024, was HKD 25.5 million, up from HKD 19.9 million in the previous year[6]. - The net profit before tax for the group was HKD 30,257,000, up from HKD 26,016,000, marking a growth of around 16.5%[26][28]. - The pre-tax profit for the six months ended September 30, 2024, was HKD 25,664,000, a 28.8% increase from HKD 19,930,000 in the same period of 2023[49]. - Profit for the current period increased by approximately 26.7% to about 25.5 million HKD from approximately 20.1 million HKD in the previous period[77]. Assets and Liabilities - Non-current assets as of September 30, 2024, totaled HKD 747.1 million, a decrease from HKD 763.4 million as of March 31, 2024[8]. - Current assets as of September 30, 2024, amounted to HKD 91.9 million, down from HKD 99.9 million as of March 31, 2024[8]. - Total assets as of September 30, 2024, were HKD 839.0 million, compared to HKD 863.3 million as of March 31, 2024[8]. - Total liabilities as of September 30, 2024, were HKD 398.0 million, a decrease from HKD 428.8 million as of March 31, 2024[10]. - Total liabilities for the group amounted to HKD 398,032,000, with segment liabilities for elderly services at HKD 167,322,000 and investment properties at HKD 4,428,000[31]. - The group’s net assets as of September 30, 2024, were approximately 441.0 million HKD, up from 434.5 million HKD as of March 31, 2024[78]. - The debt-to-equity ratio improved to 67.2% as of September 30, 2024, down from 70.5% as of March 31, 2024[81]. Revenue Segments - The elderly services segment generated revenue of HKD 139,755,000, up from HKD 132,025,000 in the previous year, reflecting a growth of about 5.4%[26][28]. - Revenue for the six months ended September 30, 2024, was HKD 147,971,000, an increase of 9.3% compared to HKD 135,157,000 for the same period in 2023[38]. - The revenue from elderly home services increased to HKD 109,503,000, up 10.3% from HKD 99,461,000 year-on-year[38]. - The group’s revenue from the Hong Kong government’s improvement purchase scheme and related services exceeded 10% of total revenue, amounting to approximately HKD 65,602,000 for the period[30]. Operational Highlights - As of September 30, 2024, the group operates 11 nursing homes with a total of 1,378 beds, an increase from 9 homes and 1,229 beds as of March 31, 2024, representing a growth of 12.1% in bed capacity[60]. - The average monthly occupancy rate for the group as of September 30, 2024, was 89.7%, up from 87.3% as of March 31, 2024, indicating an increase of 2.4 percentage points[63]. - The average monthly occupancy rates for individual nursing homes as of September 30, 2024, include 97.1% for 嘉濤耆樂苑 and 86.8% for 輝濤護老院（安麗）[63]. - The group strategically expanded its nursing home network to six districts in Hong Kong as of September 30, 2024, compared to five districts as of March 31, 2024[60]. - The group provides community care services with a total capacity of 100 center-based service slots and 800 home-based service voucher holders as of September 30, 2024, down from 120 and 1,000 respectively as of March 31, 2024[69]. Employee and Operational Costs - Employee benefits expenses increased to approximately 58.5 million HKD from about 54.5 million HKD, primarily due to the operation of two new nursing homes[75]. - Food and beverage costs rose to approximately 6.3 million HKD from about 4.9 million HKD, attributed to the new nursing homes and increased occupancy rates[76]. - The total number of full-time and part-time employees increased to 581 as of September 30, 2024, compared to 469 on March 31, 2024, with employee benefits expenses totaling approximately HKD 58.5 million[96]. Corporate Governance and Compliance - The company aims to maintain high levels of corporate governance to protect shareholder interests[107]. - The company has complied with all corporate governance code provisions during the period, except for the deviation regarding the roles of the chairman and CEO[107][108]. - The audit committee was established on May 20, 2019, and includes three independent non-executive directors[110]. Future Plans and Market Position - The company aims to strengthen its market position as a long-established private nursing home operator in Hong Kong, with a focus on community care programs and high-quality services[97]. - A new nursing home in Lam Tin with 76 beds is set to begin operations in June 2024, with a second phase of approximately 146 beds expected to start by the end of 2024[98]. - The company is expanding into the medical diagnostics and imaging market in Hong Kong, offering various health-related services to meet the growing public demand for preventive healthcare[98]. - The projected increase in the elderly population in Hong Kong from 1.45 million in 2021 to 2.74 million by 2046 is expected to drive demand for nursing home services[97]. Stock Options and Share Capital - A total of 60,000,000 stock options were granted to directors and eligible employees as of September 30, 2024[104]. - The total number of stock options available for grant under the plan at the beginning and end of the period was 40,000,000 shares, representing 4.0% of the company's issued share capital[106]. - The weighted average number of shares during the period was 1,000,000,000 shares[106]. - The exercise price for the stock options granted on March 22, 2022, was HKD 0.6 per share, with an expiration date of March 22, 2032[106]. - The company has not granted, exercised, lapsed, cancelled, or forfeited any stock options during the period[104].
嘉涛(香港)控股(02189) - 2025 - 中期业绩