Financial Performance - The company reported revenue of HKD 4,433,441,000 for the six months ended September 30, 2024, an increase of 25.8% from HKD 3,524,655,000 in the same period last year[3]. - Gross profit rose to HKD 320,946,000, up from HKD 303,454,000, reflecting a gross margin improvement[5]. - Net profit for the period was HKD 23,153,000, down 39.1% from HKD 38,007,000 in the previous year[5]. - Basic and diluted earnings per share decreased to HKD 5.62 cents from HKD 8.74 cents[5]. - The operating profit for the period was HKD 73,600,000, slightly down from HKD 77,846,000 in the previous year[5]. - The profit before tax for the six months ended September 30, 2024, was HKD 49,173, compared to HKD 35,492 for the same period in 2023[36]. - The net profit for the six months ended September 30, 2024, was HKD 38,007, an increase from HKD 23,153 in the previous year[36]. Revenue Breakdown - For the six months ended September 30, 2024, the total revenue was HKD 4,433,441,000, an increase of 25.8% compared to HKD 3,524,655,000 for the same period in 2023[31]. - The construction segment generated revenue of HKD 3,430,681,000, up from HKD 2,548,130,000, reflecting a growth of 34.6%[31]. - The electromechanical installation segment reported revenue of HKD 945,200,000, slightly increasing from HKD 914,263,000, a growth of 3.4%[31]. - Revenue from property investment and development rose significantly to HKD 10,878,000 from HKD 1,278,000, marking a substantial increase[31]. - The construction materials supply revenue decreased to HKD 39,061,000 from HKD 48,746,000, a decline of 19.7%[31]. Assets and Liabilities - Total assets increased to HKD 6,259,885,000 as of September 30, 2024, compared to HKD 5,726,115,000 at the end of March 2024[17]. - Total liabilities rose to HKD 4,723,726,000 from HKD 4,224,549,000, indicating a higher leverage position[17]. - The net asset value attributable to equity holders was HKD 1,541,223,000, up from HKD 1,505,164,000[18]. - The total equity as of September 30, 2024, was HKD 1,536,159,000, compared to HKD 1,476,969,000 at the end of the previous period[19]. Dividends and Earnings - The company maintained an interim dividend of HKD 10,951,000, consistent with the previous year[5]. - The company declared an interim dividend of HKD 0.025 per share for the six months ended September 30, 2024, consistent with the previous year[49]. - The group’s retained earnings increased to HKD 1,046,433,000 from HKD 1,014,890,000, indicating a positive trend in profitability[19]. Operational Insights - The group plans to continue expanding its operations in building construction and property development, leveraging its recent revenue growth[29]. - The company incurred a fair value loss on investment properties of HKD 11,654 for the six months ended September 30, 2024[41]. - Operating expenses increased by HKD 18 million to HKD 253 million, driven by transportation costs, salaries, and bidding expenses[60]. - Cash and bank balances as of September 30, 2024, were HKD 808 million, down from HKD 906 million as of March 31, 2024[64]. - Total borrowings increased to HKD 2,444 million from HKD 2,292 million, primarily due to financing for new construction projects[64]. Market and Strategic Focus - The group continues to face challenges in the local real estate market, particularly in commercial and retail sectors, but remains resilient due to its focus on public works[68]. - The group focuses on low-risk public works while expanding environmentally related businesses, anticipating significant growth in this sector[69]. - The group aims to reduce carbon emissions by 26% to 36% by 2030 compared to 2005 levels, aligning with Hong Kong's carbon neutrality goal by 2050[69]. - The group is committed to innovation through advanced technologies such as AI, digital construction, and robotics to enhance efficiency and quality[69]. Corporate Governance - The board believes that corporate governance is essential for sustainable success and shareholder value enhancement[80]. - The group has maintained compliance with the corporate governance code, except for the separation of roles between the chairman and CEO[81]. - The board has not identified any major shareholders holding 5% or more of the issued share capital as of September 30, 2024[76].
有利集团(00406) - 2025 - 中期业绩