Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 4,032,804, an increase of 2.7% compared to HKD 3,926,559 for the same period in 2023[3] - Operating profit for the period was HKD 122,827, a decrease of 6.4% from HKD 131,891 in the previous year[3] - Net profit attributable to shareholders for the period was HKD 80,318, up 37.0% from HKD 58,596 in the same period last year[5] - Basic and diluted earnings per share increased to HKD 0.27 from HKD 0.19, representing a growth of 42.1%[5] - Total comprehensive income for the period was HKD 190,726, compared to a loss of HKD 159,654 in the same period last year[7] - The company reported financial income of HKD 63,422, up from HKD 38,648 in the previous year, indicating a growth of 64.1%[5] - The net profit after deducting finance costs for the group was HKD 243,798 thousand, an increase from HKD 192,047 thousand, showing a growth of about 26.9%[26] - For the six months ended September 30, 2024, the company reported a pre-tax profit of HKD 80,318,000, compared to HKD 58,596,000 for the same period in 2023, representing a year-over-year increase of approximately 37%[52] Revenue Breakdown - Total revenue for the six months ended September 30, 2024, was HKD 4,088,446 thousand, an increase from HKD 3,994,315 thousand for the same period in 2023, representing a growth of approximately 2.36%[22] - The group's revenue from construction and machinery engineering was HKD 2,134,112 thousand, up from HKD 1,802,930 thousand, reflecting a year-on-year increase of about 17.4%[22] - The revenue from property investment was HKD 97,991 thousand, slightly up from HKD 96,299 thousand, indicating a growth of approximately 1.76%[22] - The revenue from healthcare investment was HKD 431,000 thousand, compared to HKD 405,596 thousand, reflecting an increase of about 6.25%[22] - The revenue from automotive agency was HKD 530,427 thousand, a decrease from HKD 804,515 thousand, representing a decline of approximately 34%[22] - The total income from joint ventures and associates was HKD 1,024,223 thousand, a slight decrease from HKD 1,105,315 thousand, indicating a decline of about 7.35%[22] Assets and Liabilities - Non-current assets increased to HKD 12,477,022 as of September 30, 2024, from HKD 11,547,152 as of March 31, 2024[9] - Current liabilities amounted to HKD 4,905,785, a slight increase from HKD 4,878,300 as of March 31, 2024[11] - Total assets as of September 30, 2024, amounted to HKD 20,753,439,000, an increase from HKD 20,364,555,000 as of March 31, 2024[30] - Total liabilities as of September 30, 2024, were HKD 10,267,826,000, compared to HKD 10,022,219,000 as of March 31, 2024[30] - The company’s bank and other borrowings increased to HKD 4,663,159,000 as of September 30, 2024, from HKD 4,470,905,000 as of March 31, 2024[30] - The company’s total equity increased to HKD 10,485,613,000 as of September 30, 2024, from HKD 10,342,336,000 as of March 31, 2024[30] Market and Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[2] - The company is focusing on market expansion in regions including Canada, Singapore, and the UK, enhancing its global footprint[32] - The company continues to adopt innovative construction technologies such as MiC and BIM to address labor shortages and improve efficiency and quality[93] - The company is closely monitoring the performance of its healthcare investment portfolio and will explore opportunities to rebalance it as necessary[95] Dividends and Shareholder Returns - The company declared an interim dividend of HKD 0.08 per share, up from HKD 0.06 per share in the previous year, totaling HKD 24,101,000 for the current period[55] - The interim dividend declared is HKD 0.08 per share, an increase from HKD 0.06 per share in the previous year, representing a growth of 33.3%[66] - The company repurchased a total of 632,000 shares at a total cost of HKD 3,023,580, believing that the share price did not reflect its intrinsic value[100] Governance and Compliance - The group has adopted the Hong Kong Financial Reporting Standards (HKFRS) and the relevant accounting policies remain consistent with the annual consolidated financial statements for the year ending March 31, 2024[14] - The group expects no significant impact from the newly issued accounting standards that will take effect from April 1, 2024, on its financial performance and position[17] - The company has adopted the corporate governance code as per the listing rules and has complied with all applicable provisions for the six months ending September 30, 2024, except for specific provisions[102] - The audit committee consists of four independent non-executive directors, who reviewed the accounting policies and practices of the group for the six months ending September 30, 2024[105] Economic Environment - The macroeconomic environment remains challenging due to geopolitical tensions, inflation, and potential impacts from the U.S. presidential election[88] - The government aims to provide 7,000 hectares of land and develop the Northern Metropolis area by 2048 to stabilize long-term housing supply[90] - The government has implemented measures to stimulate the real estate market, including the removal of stamp duty and relaxation of mortgage restrictions, which have shown signs of recovery[92]
CHEVALIER INT'L(00025) - 2025 - 中期业绩