Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 387,480,000, representing a 21.8% increase from HKD 317,899,000 in the same period of 2023[1] - Gross profit for the same period was HKD 57,190,000, up from HKD 52,692,000, indicating a growth of 8.5%[1] - Profit before tax increased to HKD 30,707,000, compared to HKD 29,057,000, reflecting a rise of 5.7%[1] - Net profit for the period was HKD 25,085,000, slightly higher than HKD 24,210,000, marking a 3.6% increase[1] - Total comprehensive income for the period was HKD 25,673,000, compared to HKD 22,967,000, showing an increase of 12.0%[1] - The segment revenue from structural engineering work was HKD 347,449,000, which accounted for 89.7% of total revenue, compared to HKD 288,214,000 in the previous year[32] - The gross profit for the six months ending September 30, 2024, was HKD 40,264,000, up from HKD 39,366,000 in the same period last year, indicating a slight increase of 2.3%[32] - The company reported a profit before tax of HKD 30,707,000 for the six months ending September 30, 2024, compared to HKD 29,057,000 for the same period in 2023, marking a growth of approximately 5.7%[39] - Earnings attributable to the company's owners for the six months ended September 30, 2024, were HKD 25,085,000, up from HKD 24,210,000 in 2023, reflecting an increase of approximately 3.6%[45] Cash Flow and Assets - Cash and cash equivalents at the end of the period were HKD 132,701,000, down from HKD 170,231,000, a decrease of 22.1%[21] - Current assets decreased to HKD 479,428,000 from HKD 506,687,000, a decline of 5.4%[3] - Operating cash flow for the six months was HKD 16,527,000, down from HKD 42,102,000, a decrease of 60.8%[21] - The net trade receivables as of September 30, 2024, were HKD 102,635,000, down from HKD 134,947,000 as of March 31, 2024, indicating a decrease of approximately 24%[54] - The fair value of investment properties as of September 30, 2024, was approximately HKD 3,997,000, compared to HKD 3,913,000 as of March 31, 2024, showing an increase of about 2.1%[47] - Contract liabilities as of September 30, 2024, totaled HKD 78,447,000, compared to HKD 76,384,000 as of March 31, 2024, representing an increase of approximately 2.7%[50] - The company reported contract assets of HKD 94,083,000 as of September 30, 2024, significantly higher than HKD 45,398,000 as of March 31, 2024, indicating an increase of approximately 106.7%[51] Liabilities and Equity - Total liabilities decreased to HKD 220,996,000 from HKD 230,087,000, a reduction of 4.7%[3] - The group's equity as of September 30, 2024, was approximately HKD 273.5 million, down from approximately HKD 292.4 million as of March 31, 2024[87] - The debt-to-equity ratio as of September 30, 2024, was 2.7%, a significant decrease from approximately 6.4% as of March 31, 2024, due to repayments of short-term bank loans[88] Expenses and Dividends - Employee benefits expenses, including director remuneration, increased to HKD 43,645,000 from HKD 37,214,000 year-on-year, representing a rise of about 17.3%[39] - The company paid dividends of HKD 44,554,000 during the period, significantly higher than HKD 16,708,000 in the previous year[21] - The company proposed a special dividend of HKD 0.04 per ordinary share, totaling HKD 22,277,200, compared to no special dividend for the same period in 2023[43] - The total employee benefit expenses for the six months ended September 30, 2024, were approximately HKD 43.6 million, with the group employing 214 staff members[98] Market and Operational Insights - The company continues to focus on the Hong Kong market for its structural engineering and building materials supply and installation services, with no new geographical expansions reported[30] - The company anticipates maintaining its growth trajectory in the upcoming quarters, supported by ongoing projects and market demand in Hong Kong[32] - The group expects challenges in the remaining fiscal year due to an unstable economic environment in Hong Kong and increased price sensitivity among private market clients[77] - The group plans to strengthen cost control while maintaining project quality to stand out among peers amid competitive pressures in the construction industry[77] Governance and Compliance - The financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards, ensuring compliance with local regulations[24] - The audit committee, composed of three independent non-executive directors, reviewed the unaudited consolidated financial information and confirmed compliance with applicable accounting standards[113] - The company has adhered to all corporate governance code provisions during the reporting period[111] - The company has established an audit committee, remuneration committee, and nomination committee to enhance corporate governance practices[111] - The company confirmed compliance with the trading code for directors throughout the reporting period[107]
应力控股(02663) - 2025 - 中期业绩