Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 134,194,000, a decrease of 26.5% compared to HKD 182,630,000 for the same period in 2023[3]. - Gross profit for the same period was HKD 11,379,000, down 33.4% from HKD 17,011,000 year-on-year[3]. - Operating profit decreased to HKD 3,866,000 from HKD 7,904,000, representing a decline of 51.0%[3]. - The net profit attributable to shareholders for the period was HKD 346,000, a significant drop from HKD 5,189,000 in the previous year[3]. - The basic and diluted earnings per share for the six months ended September 30, 2024, is HKD 0.0005, a decrease from HKD 0.0076 in 2023, indicating a decline of approximately 93%[37]. - The total revenue for the period was approximately HKD 134,194,000, a decrease of about HKD 48,436,000 or 26.5% compared to HKD 182,630,000 for the six months ended September 30, 2023[82]. - Gross profit for the period was approximately HKD 11,379,000, with a gross margin of about 8.5%, down from 9.3% for the six months ended September 30, 2023[83]. - The net profit for the period was approximately HKD 346,000, a significant decrease from HKD 5,189,000 for the six months ended September 30, 2023[90]. Cash Flow and Liquidity - The company reported a net cash inflow from operating activities of HKD 42,381,000, compared to HKD 19,207,000 in the same period last year, indicating a 108.5% increase[12]. - The company’s cash and cash equivalents increased to HKD 25,973,000 from HKD 17,307,000, marking a rise of 50.5%[12]. - As of September 30, 2024, the bank balance was approximately HKD 25,973,000, an increase from HKD 17,307,000 as of March 31, 2024[91]. - The group has cash and cash equivalents of HKD 25,973 as of September 30, 2024, compared to HKD 17,307 as of March 31, 2024, reflecting an increase in liquidity[58]. Assets and Liabilities - Total assets decreased to HKD 226,601,000 from HKD 255,602,000, reflecting a decline of 11.4%[6]. - Current liabilities decreased to HKD 130,239,000 from HKD 171,414,000, a reduction of 24.1%[6]. - Non-current assets, including property, plant, and equipment, decreased to HKD 76,524,000 from HKD 86,013,000, a decline of 11.0%[6]. - The total financial liabilities amounted to HKD 133,275,000 as of September 30, 2024, compared to HKD 174,933,000 on March 31, 2024[70]. - The total bank and other loans amounted to approximately HKD 76,679,000 as of September 30, 2024, a decrease from HKD 105,938,000 on March 31, 2024[65]. - The debt-to-equity ratio decreased to approximately 46.4% as of September 30, 2024, down from 63.1% as of March 31, 2024, due to a reduction in bank and other loans[91]. Expenses - The operating profit for the six months ended September 30, 2024, is significantly impacted by employee expenses totaling HKD 24,480,000, down from HKD 33,410,000 in 2023, indicating a reduction of about 27%[29]. - The total employee compensation for the period was approximately HKD 24,480,000, down from HKD 33,410,000 for the six months ended September 30, 2023[98]. - The finance costs for the six months ended September 30, 2024, amount to HKD 3,520,000, compared to HKD 2,715,000 in 2023, reflecting an increase of approximately 30%[30]. - The depreciation expense for property, plant, and equipment for the six months ended September 30, 2024, is HKD 10,417,000, down from HKD 11,242,000 in 2023, indicating a decrease of about 7%[29]. Other Income and Dividends - Other income for the six months ended September 30, 2024, is HKD 2,728,000, compared to HKD 2,066,000 for the same period in 2023, representing an increase of approximately 32%[27]. - The company did not recommend any interim dividend for the six months ended September 30, 2024, consistent with the previous year[34]. - The board has resolved not to declare an interim dividend for the six months ended September 30, 2024[103]. Governance and Management - The audit committee has reviewed and approved the group's unaudited condensed interim results and financial statements for the period[108]. - The audit committee consists of three independent non-executive directors, including the chairman, Mr. Zheng Zhihong[108]. - The board of directors includes executive and independent non-executive directors, ensuring a diverse governance structure[112]. - The company expresses gratitude to all management and staff for their efforts and contributions[111]. Future Prospects and Commitments - Significant events affecting the group from September 30, 2024, to the announcement date are discussed in the "Management Discussion and Analysis - Future Prospects" section[110]. - The group has capital commitments for property, plant, and equipment amounting to HKD 4,828,000 as of September 30, 2024[74]. - The company has no significant investments or acquisitions during the period[94][95]. - The company has no significant contingent liabilities as of September 30, 2024[100]. - The group is currently facing two labor claims arising from normal business operations, with no specific claim amounts determined yet[76].
上谕集团(01633) - 2025 - 中期业绩