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世纪集团国际(02113) - 2025 - 中期业绩

Financial Performance - The group's revenue for the six months ended September 30, 2024, was approximately HKD 8,331,000, compared to HKD 29,684,000 for the same period in 2023, representing a decline of about 72%[2] - The loss attributable to owners of the company for the reporting period was approximately HKD 6,152,000, compared to a loss of HKD 6,188,000 for the same period in 2023, indicating a slight improvement[2] - The basic and diluted loss per share for the period was approximately HKD 0.01, consistent with the loss per share for the same period in 2023[2] - The group reported a gross loss of HKD (6,635,000) for the period, compared to a gross loss of HKD (5,255,000) for the same period in 2023[2] - The group's total comprehensive loss for the period was HKD (6,152,000), slightly better than the total comprehensive loss of HKD (6,272,000) for the same period in 2023[2] - The company reported a net loss of approximately HKD 6,200,000 for the six months ended September 30, 2024[13] - The company recorded a net loss of approximately HKD 6,200,000 for the reporting period, consistent with the net loss reported in the same period in 2023[33] Cash Flow and Assets - The net cash used in operating activities was HKD (2,118,000) for the six months ended September 30, 2024, compared to HKD (11,410,000) for the same period in 2023, showing a significant reduction in cash outflow[7] - The group's cash and cash equivalents decreased to HKD 621,000 at the end of the reporting period from HKD 2,121,000 at the beginning of the period[7] - The total assets less current liabilities amounted to HKD (20,053,000) as of September 30, 2024, compared to HKD (13,901,000) as of March 31, 2024, indicating a worsening financial position[3] - The company’s current liabilities and total liabilities were approximately HKD 20,100,000 as of September 30, 2024[13] - As of September 30, 2024, the group's bank balance was approximately HKD 600,000, down from HKD 2,100,000 as of March 31, 2024[35] Expenses and Cost Management - The group's administrative expenses for the period were HKD 1,503,000, compared to HKD 2,846,000 for the same period in 2023, reflecting a reduction in costs[2] - Total employee costs amounted to HKD 7,674,000, down from HKD 22,445,000, indicating a reduction of 65%[23] - The company’s administrative expenses for the reporting period were approximately HKD 1,500,000, a decrease of about HKD 1,300,000 or 47.2% compared to the same period in 2023[32] - The total employee cost during the reporting period was approximately HKD 7,700,000, significantly reduced from HKD 22,400,000 in the previous year[39] - The group employed 31 staff members as of September 30, 2024, down from 83 employees in the previous year[39] Dividends and Shareholder Returns - The group did not declare any interim dividend for the reporting period, consistent with the previous year[1] - The company did not declare or propose any dividends during the reporting period, consistent with the previous year[24] - The company did not declare or propose any dividends during the reporting period, consistent with the previous year[45] Revenue Sources - Revenue from construction and site preparation services in Hong Kong was HKD 8,331,000, a decrease from HKD 29,684,000 in the same period last year, representing a decline of 72%[17] - Other income for the six months ended September 30, 2024, was HKD 324,000, a decrease from HKD 2,139,000 in the previous year, reflecting a decline of 85%[19] Debt and Liabilities - The company had other short-term borrowings of HKD 6,238,000 as of September 30, 2024, an increase from HKD 5,120,000 as of March 31, 2024[28] - The total interest-bearing debt as of September 30, 2024, was approximately HKD 6,200,000, an increase from HKD 5,100,000 as of March 31, 2024[35] - The group's debt-to-equity ratio as of September 30, 2024, was 0.31, improved from 0.37 as of March 31, 2024[35] Project and Contract Management - The company has two ongoing projects with a total contract amount of HKD 323,600,000 as of September 30, 2024, down from four projects totaling approximately HKD 437,700,000 in the previous year[30] - The company had contract assets of HKD 393,000 and HKD 35,227,000 in retention money as of September 30, 2024, compared to HKD 1,764,000 and HKD 37,374,000 respectively as of March 31, 2024[27] - Trade receivables aged 0-30 days amounted to HKD 485,000 as of September 30, 2024, down from HKD 1,134,000 as of March 31, 2024[26] - The company has not granted standard credit periods for construction contracts, with individual credit terms specified in project contracts[26] Corporate Governance and Compliance - The audit committee has reviewed and approved the unaudited interim results and financial statements for the reporting period[49] - The company has maintained compliance with corporate governance codes and standards throughout the reporting period[46][47] - The company adopted all new and revised Hong Kong Financial Reporting Standards effective from April 1, 2024, with no significant impact on the financial statements[16] Strategic Developments - The company has terminated its liquefied natural gas trading segment, which was previously reported as a discontinued operation[21] - The Chief Executive's policy report outlines future infrastructure development directions in Hong Kong, emphasizing support for the construction industry and the creation of more job opportunities[34] - There were no capital commitments or contingent liabilities reported as of September 30, 2024[41][43] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period[44]