Financial Performance - The Group's revenue increased from approximately HK$72.2 million for the six months ended 30 September 2023 to approximately HK$75.6 million, representing an increase of approximately 4.8%[11] - The Group's gross profit decreased from approximately HK$26.5 million for the six months ended 30 September 2023 to approximately HK$25.3 million, a decline of approximately 4.6%[11] - Profit attributable to owners of the Company decreased from approximately HK$8.9 million for the six months ended 30 September 2023 to approximately HK$6.1 million for the same period ended 30 September 2024[11] - Basic and diluted earnings per share were approximately HK1.02 cents for the six months ended 30 September 2024, down from approximately HK1.48 cents in 2023[11] - Total comprehensive income for the period was HK$6,505,659, a decrease of 27.5% compared to HK$8,983,736 in the same period last year[16] - The profit attributable to owners of the Company decreased from HK$8.9 million for the six months ended 30 September 2023 to approximately HK$6.1 million for the same period in 2024[114] - The Group's gross profit decreased by approximately 4.6% from HK$26.5 million for the six months ended 30 September 2023 to approximately HK$25.3 million for the same period in 2024[125] - The gross profit margin dropped from approximately 36.7% for the six months ended 30 September 2023 to approximately 33.4% for the same period in 2024[125] Revenue Breakdown - Revenue for the six months ended September 30, 2024, was HK$75,638,773, an increase of 4.1% from HK$72,167,008 in the same period of 2023[13] - Revenue from flooring services decreased to HK$58,506,693 from HK$64,897,056, a decline of 9.3%[44] - Revenue from ancillary services increased significantly to HK$16,464,070 from HK$6,952,041, representing a growth of 136.1%[44] - The Group's revenue from customers in Hong Kong was HK$74,963,861, an increase from HK$71,946,323 in 2023[49] Assets and Liabilities - Total assets as of September 30, 2024, amounted to HK$197,307,860, an increase from HK$181,263,640 as of March 31, 2024[20] - Current assets, including inventories, increased significantly to HK$22,904,579 from HK$13,761,067[20] - Total liabilities rose to HK$64,348,699 from HK$54,810,138, indicating an increase of 17.5%[23] - Non-current assets, including property, plant, and equipment, slightly increased to HK$12,139,659 from HK$12,108,751[20] - Cash and cash equivalents decreased to HK$37,684,044 from HK$46,243,124, a decline of 18.3%[20] - The total trade receivables as of September 30, 2024, were HK$59,106,599, significantly higher than HK$46,046,759 as of March 31, 2024, indicating a growth of 28.4%[75] - Trade and retention receivables increased to HK$73,462,172 as of September 30, 2024, up 20.8% from HK$60,818,577 as of March 31, 2024[75] Cash Flow and Financing - For the six months ended September 30, 2024, the net cash used in operating activities was HK$ (8,636,948), compared to HK$ 22,848,375 for the same period in 2023[29] - The company incurred a net cash used in investing activities of HK$ (8,726,680) for the six months ended September 30, 2024, compared to HK$ 22,848,375 in 2023[29] - The company generated net cash from financing activities of HK$ 598,607 for the six months ended September 30, 2024, compared to HK$ 4,156,025 in the previous year[29] - The Group's bank borrowings amounted to HK$14,517,944 as of September 30, 2024, compared to HK$13,043,463 as of March 31, 2024, showing an increase of approximately 11%[96] - The total interest-bearing borrowings of the Group as at 30 September 2024 were approximately HK$16.5 million, secured by certain assets with a carrying amount of approximately HK$33.2 million[145] Employee and Operational Costs - Employee benefit expenses increased to HK$14,684,779 for the six months ended September 30, 2024, from HK$13,330,690 in the same period of 2023, representing an increase of about 10%[101] - The increase in employee costs is attributed to performance-based remuneration and market conditions[162] - Subcontractor costs increased to HK$19,629,623 for the six months ended September 30, 2024, compared to HK$15,303,353 in the same period of 2023, reflecting a rise of about 28%[101] Dividends and Share Capital - The Board does not recommend the payment of an interim dividend for the six months ended 30 September 2024, compared to no dividend in 2023[11] - The Group does not recommend the payment of a dividend for the six months ended September 30, 2024, consistent with the previous year[200] - A final dividend of HK$0.01 per share, totaling HK$5,974,440, was declared for the year ended March 31, 2024, and paid in October 2024[200] - As of September 30, 2024, the Company's issued share capital was HK$5,974,440, with 597,444,000 ordinary shares issued[154] Governance and Compliance - The Company has complied with the Corporate Governance Code for the six months ended September 30, 2024[193] - No competing interests were reported among Directors or controlling shareholders during the six months ended September 30, 2024[192] - All Directors confirmed compliance with the Code of Conduct for securities transactions during the six months ended September 30, 2024[194] Market Conditions and Future Outlook - The Group is expected to face challenges due to slowing global economic conditions and uncertainties in the property markets in Hong Kong and Macau[140] - The Group is actively pursuing diversification in revenue and business risks by exploring investment opportunities in growing economies within the Asian region[141]
邝文记(08023) - 2025 - 中期业绩