Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 189,396,000, a slight increase of 0.88% compared to HKD 187,737,000 for the same period in 2023[3] - The cost of services decreased to HKD (190,580,000) from HKD (206,994,000), resulting in a gross loss of HKD (1,184,000), significantly improved from a gross loss of HKD (19,257,000) in the previous year[3] - The loss before tax for the period was HKD (23,212,000), a reduction of 53.4% compared to HKD (49,755,000) in the same period last year[3] - The total comprehensive loss for the period was HKD (27,703,000), down from HKD (72,863,000) in the previous year, indicating a significant improvement[5] - Basic and diluted loss per share improved to HKD (1.25) from HKD (2.76) year-on-year[5] - The company reported a fair value loss on financial assets of HKD (4,783,000), an improvement from HKD (11,374,000) in the previous year[5] - The company reported a loss of HKD 23,431,000 for the six months ended September 30, 2024, compared to a loss of HKD 51,535,000 in the previous year, indicating an improvement of 54.5%[51] - Basic and diluted loss per share for the six months ended September 30, 2024, was HKD (0.0125), compared to HKD (0.0275) in the previous year[51] Revenue Breakdown - Total revenue for the six months ended September 30, 2024, was HKD 189,396,000, a slight increase from HKD 187,737,000 for the same period in 2023[21][40] - Revenue from external customers in Hong Kong increased to HKD 125,170,000 for the six months ended September 30, 2024, up from HKD 99,524,000 in 2023, representing a growth of approximately 26%[40] - The construction segment reported a loss of HKD 35,142,000 for the six months ended September 30, 2024, compared to a loss of HKD 13,927,000 for the same period in 2023[22][26] - Revenue from construction and maintenance contracts for civil engineering and building projects decreased to HKD 134,004,000 from HKD 187,737,000, a decline of 28.6%[44] - Revenue from chemical materials trading was HKD 55,392,000, with no prior year comparison available[44] - The trade segment generated revenue of HKD 55,392,000 for the six months ended September 30, 2024, while the property development segment reported a loss of HKD 345,000[21][26] Assets and Liabilities - Current assets totaled HKD 595,074,000, slightly up from HKD 593,764,000 as of March 31, 2024[7] - Current liabilities increased to HKD 536,787,000 from HKD 516,204,000, resulting in a net current asset value of HKD 58,287,000, down from HKD 77,560,000[7] - Total assets decreased to HKD 107,254,000 from HKD 134,532,000, reflecting a decline in overall financial position[7] - The total assets for the reporting segments as of September 30, 2024, were HKD 607,187,000, an increase from HKD 596,255,000 as of March 31, 2024[37] - The total liabilities for the reporting segments as of September 30, 2024, were HKD 525,485,000, compared to HKD 484,593,000 as of March 31, 2024[37] Cash Flow and Expenses - Interest expenses decreased to HKD 4,153,000 from HKD 6,732,000, a reduction of 38.2%[44] - Current tax expenses for the six months ended September 30, 2024, were HKD 78,000, down from HKD 1,111,000, a decrease of 92%[46] - Depreciation expenses for property, plant, and equipment totaled HKD 1,956,000, down from HKD 3,149,000, a decrease of 37.9%[49] - The total employee cost during the reporting period was approximately HKD 26.3 million, compared to HKD 53.4 million for the six months ended September 30, 2023[111] - Administrative expenses for the reporting period were approximately HKD 19.4 million, a decrease from HKD 27.6 million for the same period last year, mainly due to efficiency measures implemented by management[105] - Financial costs for the reporting period totaled approximately HKD 4.2 million, down from approximately HKD 5.8 million for the same period last year, primarily due to a reduction in bank loan balances[106] Business Operations - The company continues to focus on construction-related businesses, property development, and chemical materials trading in Hong Kong and mainland China[10] - The group continues to explore new business opportunities in the private construction market in Hong Kong, Malaysia, and mainland China to optimize resources amid competitive challenges in the construction industry[97] - The group has ongoing litigation with a subcontractor regarding claims for unpaid subcontracting fees and compensation for contract termination[71] Shareholder Information - The group has not declared any interim dividends for the six months ended September 30, 2024, consistent with the same period last year[93] - The company has not recommended any dividends for the reporting period[117] - As of September 30, 2024, the company's issued share capital is approximately HKD 18.7 million, with 1,869,159,962 ordinary shares issued at a par value of HKD 0.01 each[110] Compliance and Governance - The board has complied with the corporate governance code during the reporting period[112] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the reporting period[115] - There have been no significant events affecting the company since the end of the reporting period[119]
均安控股(01559) - 2025 - 中期业绩