Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 156,388,000, an increase from HKD 153,448,000 in the same period of 2023, representing a growth of 1.3%[3] - The gross profit for the same period was HKD 106,520,000, compared to HKD 104,677,000 in 2023, indicating a growth of 1.8%[3] - The operating loss after the valuation changes of investment properties was HKD 504,310,000, a significant decline from an operating profit of HKD 480,652,000 in the previous year[3] - The net loss attributable to equity shareholders for the period was HKD 277,829,000, compared to a profit of HKD 233,360,000 in the same period last year[3] - Basic and diluted loss per share for the period was HKD 0.59, compared to earnings of HKD 0.49 per share in the previous year[3] - The group reported a pre-tax loss of HKD 277,829,000 for the six months ended September 30, 2024, compared to a profit of HKD 233,360,000 in the same period last year[30] Assets and Liabilities - Total assets decreased to HKD 7,985,714,000 from HKD 8,597,279,000 as of March 31, 2024, reflecting a decline of approximately 7.1%[6] - The company's total liabilities were reported at HKD 328,305,000, slightly up from HKD 324,180,000 in the previous period[6] - The net asset value decreased to HKD 7,657,409,000 from HKD 8,273,099,000, indicating a reduction of about 7.4%[6] - As of September 30, 2024, the total equity of the group was HKD 7,657,400,000, compared to HKD 8,273,100,000 as of March 31, 2024[37] Revenue Sources - The group's revenue from rental income for the current period is approximately HKD 18,182,000, a decrease from HKD 19,416,000 in the previous year[13] - Rental income from the International Plaza for the six months ended September 30, 2024, was approximately HKD 150,500,000, an increase of about 3.2% year-on-year[37] - The occupancy rate of the International Plaza as of September 30, 2024, was approximately 77.0%, down from 80.0% on September 30, 2023[37] Financial Management - The group’s financing costs for bank loans and other borrowings total HKD 5,496,000 for the current period, compared to HKD 5,363,000 in the previous year[23] - The group’s deferred tax liabilities related to changes in the fair value of investment properties amount to HKD 3,997,000 for the current period[26] - The group utilized bank credit facilities amounting to HKD 200,000,000 as of September 30, 2024, with a capital debt ratio of 2.6%[38] Employee and Operational Insights - The number of employees as of September 30, 2024, was 38, with related expenses of approximately HKD 14,100,000[40] - The management anticipates that rental income from the International Plaza and the group's operating performance will remain stable in the second half of the year[41] Corporate Governance - The company did not repurchase, sell, or redeem any of its listed securities during the six months ended September 30, 2024[42] - The company has not established an internal audit function, but the board will review the necessity of this function annually[46] - The board believes that the current lack of an internal audit function does not negatively impact the company, given its existing risk management and internal control measures[47] - The company has adopted the standard code for directors' securities trading and confirmed compliance by all directors as of September 30, 2024[50] Reporting and Compliance - The interim financial report was prepared in accordance with the Hong Kong Financial Reporting Standards, ensuring compliance with local regulations[7] - The group has no significant impact from the new accounting standards implemented during the current reporting period[2] - The group has not adopted any new standards or interpretations that have not yet come into effect during the current accounting period[11] - The mid-term report for the six months ending September 30, 2024, will be sent to members and published on the company's website[51]
天德地产(00266) - 2025 - 中期业绩