Financial Performance - Revenue for the six months ended September 30, 2024, decreased by approximately 15.5% to about HKD 437.2 million compared to the same period in 2023[18]. - Basic earnings per share decreased by approximately 16.3% to about HKD 0.82 from approximately HKD 0.98 in the same period last year[18]. - Gross profit for the same period was HKD 70,875 thousand, down from HKD 75,395 thousand, reflecting a gross margin of 16.2%[21]. - The net profit for the period was HKD 7,061 thousand, a decline of 18.7% from HKD 8,688 thousand in the previous year[21]. - Total comprehensive income for the period increased to HKD 9,074 thousand from HKD 6,325 thousand, driven by foreign exchange gains[21]. - For the six months ended September 30, 2024, total revenue was HKD 439,323,000, a decrease of 16% compared to HKD 522,648,000 for the same period last year[48]. - The company reported a pre-tax profit of HKD 9,552,000 for the period, down from HKD 11,767,000 in the previous year[48]. - Profit attributable to owners of the company decreased by approximately 16.2% to about HKD 6.6 million from approximately HKD 7.9 million in the same period last year[111]. Revenue Breakdown - Revenue from IT infrastructure solutions was HKD 279,702,000, down 20.8% from HKD 349,826,000 in the previous year[48]. - Revenue from IT infrastructure management services was HKD 157,415,000, a decrease of 6.9% from HKD 167,810,000 year-on-year[48]. - Revenue from IT infrastructure solutions was HKD 279,814, down 20% from HKD 349,819 in 2023[59]. - Revenue from IT infrastructure management services was HKD 157,415, a decrease of 6.2% from HKD 167,810 in 2023[59]. Cash Flow and Assets - Cash and cash equivalents at the end of the period were HKD 174,959 thousand, down from HKD 218,911 thousand[32]. - Operating cash flow for the period was negative HKD 47,196 thousand, compared to negative HKD 44,666 thousand in 2023[32]. - The company reported a decrease in total assets to HKD 389,022 thousand from HKD 380,206 thousand[25]. - Total assets as of September 30, 2024, amounted to HKD 511,556,000, down from HKD 545,788,000 as of September 30, 2023[48]. - Trade receivables as of September 30, 2024, amounted to HKD 177,544, an increase from HKD 121,310 as of March 31, 2024[62]. - Trade payables as of September 30, 2024, totaled HKD 122,063, an increase from HKD 116,136 as of March 31, 2024[80]. Liabilities and Equity - Non-current liabilities increased to HKD 72,436 thousand from HKD 69,545 thousand, primarily due to convertible bonds[26]. - Total liabilities increased to HKD 316,962,000 from HKD 362,115,000 year-on-year[48]. - The company's equity increased to HKD 194,594 thousand from HKD 192,107 thousand, reflecting retained earnings growth[26]. Strategic Focus and Market Conditions - The company plans to continue expanding its AI product offerings and enhance its IT infrastructure solutions to capture market opportunities[44]. - The company is focusing on improving operational efficiency and cost management strategies to navigate the current market challenges[44]. - The company recognizes ongoing challenges in the business environment, including US-China competition and economic slowdowns in mainland China and Hong Kong[89]. - The company is exploring suitable acquisition opportunities to enhance corporate value while ensuring alignment with shareholder interests[98]. - The company is focusing resources on three high-growth product lines: Cybersecurity, Automation and AI, and Managed Services[90]. Corporate Governance and Management - The board of directors believes that good corporate governance is essential for effective management and successful business development[161]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the reporting period and found them compliant with applicable accounting standards[165]. - The company has adopted a code of conduct for directors' securities transactions, which meets the standards set by GEM listing rules[160]. - The company has appointed a company secretary with extensive experience in corporate services for Hong Kong listed companies[164]. - The board expresses gratitude to all employees for their contributions and to shareholders, customers, suppliers, and partners for their ongoing support[166]. Stock Options and Shareholder Information - The company has a stock option plan approved on March 15, 2016, with no options granted during the reporting period[150]. - As of September 30, 2024, there are 11,820,000 stock options that remain unexercised[151]. - The company has issued convertible bonds to ServiceOne Global as part of a settlement for acquisition matters[145]. - Major shareholders include Mr. Mo with 91,800,000 shares (11.4%) and Mr. Zhang with 89,760,000 shares (11.2%) as of September 30, 2024[140]. - ServiceOne Global holds 450,000,000 related shares, representing 56.0% of the company[140]. - The total issued shares of the company as of September 30, 2024, is 803,280,000[145].
思博系统(08319) - 2025 - 中期业绩