Revenue and Profit - Revenue for the six months ended September 30, 2024, increased to HKD 620.583 million, up from HKD 482.034 million in the same period last year[2] - Revenue from building construction services surged to HKD 212.544 million, up from HKD 60.386 million in the previous year[19] - Revenue from RMAA services slightly decreased to HKD 408.039 million, down from HKD 421.648 million in the prior year[19] - Revenue increased from HKD 482.0 million in the six months ended September 30, 2023, to HKD 620.6 million in the six months ended September 30, 2024, primarily due to increased revenue from building construction services[66] - Gross profit for the period was HKD 31.264 million, compared to HKD 31.186 million in the previous year[2] - Gross profit increased slightly from HKD 31.2 million to HKD 31.3 million, but gross margin decreased from 6.5% to 5.0% due to lower margins in RMAA services[68] - Profit before tax rose to HKD 23.025 million, up from HKD 18.879 million in the prior year[2] - Net profit and total comprehensive income for the period reached HKD 19.904 million, compared to HKD 16.314 million in the previous year[2] - Net profit increased from HKD 16.3 million to HKD 19.9 million, mainly due to the reversal of impairment losses on contract assets[74] - Basic earnings per share increased to 4.48 HK cents, up from 3.68 HK cents in the same period last year[2] - Basic earnings per share increased to 4.48 HK cents from 3.68 HK cents in the previous period[26] Assets and Liabilities - Total assets minus current liabilities increased to HKD 289.879 million, up from HKD 269.979 million at the end of the previous period[4] - Net current assets rose to HKD 277.347 million, compared to HKD 259.482 million at the end of the previous period[4] - Equity attributable to the company's owners increased to HKD 282.353 million, up from HKD 265.695 million at the end of the previous period[7] - Trade and other receivables totaled 129,976 thousand HKD as of September 30, 2024, an increase from 121,009 thousand HKD as of March 31, 2024[32] - Overdue trade receivables as of September 30, 2024, amounted to 40,051 thousand HKD, with 4,178 thousand HKD overdue for 90 days or more[34] - Contract assets decreased from 84,969 thousand HKD to 77,269 thousand HKD, with a credit loss provision of 7,228 thousand HKD[35] - Trade and other payables increased from 68,961 thousand HKD to 82,714 thousand HKD, with trade payables rising from 59,557 thousand HKD to 73,409 thousand HKD[38] - Bank balances increased from HKD 125.1 million as of March 31, 2024, to HKD 141.8 million as of September 30, 2024[75] - Total interest-bearing borrowings decreased from HKD 0.3 million to HKD 0.1 million as of September 30, 2024[75] - The company's debt-to-equity ratio remained stable at 0.1% as of September 30, 2024[78] Investments and Fair Value - Non-listed fund investments increased from 14,998 thousand HKD to 27,106 thousand HKD, classified as Level 3 fair value measurements[54][56] - The fair value of equity-linked notes and non-listed fund investments rose from 14,998 thousand HKD to 27,106 thousand HKD, with a total gain of 2,108 thousand HKD recognized in profit or loss[57] - The company did not hold any significant investments as of September 30, 2024[85] Depreciation and Other Expenses - Pre-tax profit for the six months ended September 30, 2024, included depreciation of right-of-use assets at 137 thousand HKD and depreciation of plant and equipment at 780 thousand HKD[24] - The depreciation expense for right-of-use assets for the six months ended September 30, 2024, was 137 thousand HKD[30] - The net book value of plant and equipment as of September 30, 2024, was 1,851 thousand HKD[28] - Other income, other gains, and losses totaled 4,084 thousand HKD, a decrease from 4,440 thousand HKD in the previous period[22] Corporate Governance and Compliance - The company adheres to the Corporate Governance Code, except for the separation of Chairman and CEO roles, which are both held by Mr. Tsang Chiu Kwan[92] - Directors and employees with potential access to inside information are prohibited from trading company securities under the Model Code[93] - No competitive interests or conflicts of interest involving directors, controlling shareholders, or their close associates were identified during the period[97] - No changes in director information requiring disclosure under Listing Rule 13.51B(1) were reported[99] - The audit committee reviewed the unaudited condensed interim financial statements and found them compliant with applicable accounting standards and disclosure requirements[100] Dividends and Share Transactions - The company did not declare or recommend any dividends for the six months ended September 30, 2024[25] - No interim dividend declared for the six months ended September 30, 2024[96] - The company's issued and fully paid ordinary shares remained at 372,000,000 shares, with a total value of 3,720 thousand HKD[39] - No share options were granted under the share option plan during the six months ended September 30, 2024[41] - No purchase, sale, or redemption of listed securities by the company or its subsidiaries during the period[94] Subsidiaries and Acquisitions - No subsidiaries were sold during the six months ended September 30, 2024, compared to the sale of Gain Large Limited for 100,000 HKD in the same period in 2023[42][43] - The company did not make any significant acquisitions or disposals of subsidiaries or associates during the period[83] Employee Information - Employee count increased from 225 as of March 31, 2024, to 262 as of September 30, 2024, with total employee costs rising from HKD 28.4 million to HKD 30.5 million[89] Contingent Liabilities and Post-Period Events - The company did not have any significant contingent liabilities as of September 30, 2024[86] - The company has not conducted any significant post-period events after September 30, 2024[98]
德益控股(09900) - 2025 - 中期业绩