Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 3,151,747,000, a significant increase from HKD 147,109,000 in the same period last year[2] - Gross profit for the period was HKD 103,318,000, compared to HKD 99,579,000 in the previous year, reflecting a growth of approximately 3.5%[3] - The operating loss after the valuation changes of investment properties was HKD 472,005,000, a decrease from an operating profit of HKD 475,382,000 in the prior year[5] - The loss attributable to equity shareholders for the period was HKD 490,874,000, compared to a profit of HKD 457,088,000 in the same period last year[7] - Basic and diluted loss per share was HKD 1.36, down from earnings of HKD 1.27 per share in the previous year[8] - For the six months ended September 30, 2024, the group's operating profit before valuation changes was HKD 96.8 million, an increase of approximately 4.1% compared to the same period last year[35] - The group recorded a valuation loss of HKD 568.8 million for the six months ended September 30, 2024, compared to a valuation gain of HKD 382.4 million in the same period last year[35] - Interest income for the six months ended September 30, 2024, was HKD 10.459 million, slightly down from HKD 10.515 million in the previous year[22] - The current tax expense for the six months ended September 30, 2024, was HKD 9.251 million, an increase from HKD 8.817 million in the previous year[25] - The group’s total other income for the six months ended September 30, 2024, was HKD 11.438 million, compared to HKD 11.209 million in the previous year[22] Assets and Liabilities - The total assets less current liabilities amounted to HKD 7,602,365,000, a decrease from HKD 8,179,117,000 as of March 31, 2024[10] - The company reported a net asset value of HKD 7,275,431,000, down from HKD 7,856,305,000 in the previous reporting period[10] - The total accounts receivable (net of impairment) as of September 30, 2024, was HKD 107.194 million, compared to HKD 103.896 million as of March 31, 2024[30] - The total amount of overdue accounts receivable as of September 30, 2024, was HKD 4.897 million, down from HKD 14.868 million as of March 31, 2024[30] - As of September 30, 2024, the total equity of the group was HKD 7,275,400,000, compared to HKD 7,856,300,000 as of March 31, 2024[36] - The group utilized bank credit facilities amounting to HKD 200,000,000 as of September 30, 2024, unchanged from March 31, 2024, with a capital debt ratio of 2.7%[37] Customer and Revenue Insights - The company has a diversified customer base, with one customer contributing approximately HKD 18,182,000, which accounted for over 10% of total revenue during the period[19] - As of September 30, 2024, the rental income of the International Plaza reached approximately HKD 150,500,000, an increase of about 3.2% compared to the same period last year[36] - The occupancy rate of the International Plaza as of September 30, 2024, was approximately 77.0%, down from 80.0% on September 30, 2023[36] Employee and Management Information - The number of employees as of September 30, 2024, was 36, an increase from 35 employees on September 30, 2023, with related expenses approximately HKD 13,100,000[39] - The management anticipates that rental income and operational performance for the second half of the year will remain stable despite challenges in the retail and dining sectors[40] - The board believes that establishing and maintaining internal audit functions is not cost-effective under current circumstances, but will review the necessity of such functions annually[46] - The company has not disclosed the remuneration details of senior management by salary band in the annual report, as it believes such disclosure could lead to inappropriate comparisons among employees and provide sensitive information to competitors[47] Compliance and Reporting - All directors confirmed compliance with the standard code for securities trading as of September 30, 2024, within the past six months[49] - The interim report for the six months ending September 30, 2024, will be sent to members and published on the company's website and the Hong Kong Stock Exchange website[50]
凯联国际酒店(00105) - 2025 - 中期业绩