Financial Performance - Revenue for the six months ended September 30, 2024, decreased by approximately 15.5% to about HKD 437.2 million compared to HKD 517.6 million for the same period in 2023[12]. - Gross profit for the reporting period was HKD 70.9 million, down from HKD 75.4 million in the previous year, reflecting a decline in gross margin[15]. - Basic earnings per share decreased by approximately 16.3% to HKD 0.82 from HKD 0.98 in the same period last year[15]. - Total comprehensive income for the period was HKD 9.1 million, compared to HKD 6.3 million for the same period in 2023, indicating an increase in overall profitability[15]. - The company reported a profit before tax of HKD 9.6 million, down from HKD 11.8 million in the previous year, indicating a decline in operational performance[15]. - Profit attributable to owners of the company decreased by approximately 16.2% from about HKD 7.9 million to approximately HKD 6.6 million[105]. Revenue Breakdown - Revenue from IT infrastructure solutions was HKD 279,814, down from HKD 349,819, representing a decline of 20%[53]. - Revenue from IT infrastructure management services was HKD 157,415, a decrease of 6.2% from HKD 167,810[53]. - Revenue from the Hong Kong market was HKD 357,255, down 18.7% from HKD 439,430 in the previous year[49]. - Revenue from mainland China increased to HKD 61,693, up 6.3% from HKD 58,103[49]. - The company's revenue decreased by approximately 15.5% from about HKD 517.6 million to approximately HKD 437.2 million due to reduced customer demand during the reporting period[96]. Expenses and Cost Management - Administrative expenses decreased to HKD 33.2 million from HKD 36.3 million, reflecting cost control measures implemented by the company[15]. - Operating expenses totaled approximately HKD 61.6 million, a decrease of about 2.3% from approximately HKD 63.0 million in the previous period[99]. - Financing costs slightly increased by less than HKD 0.1 million or approximately 2.1% to about HKD 3.3 million during the reporting period[102]. - The total income tax expense for the six months ended September 30, 2024, was HKD 2,491,000, a decrease of 19.1% from HKD 3,079,000 in 2023[59]. Cash Flow and Assets - The company’s net cash and cash equivalents decreased to HKD 174,959 thousand from HKD 218,911 thousand over the same period[19]. - Operating cash flow for the six months ended September 30, 2024, was negative HKD 47,196 thousand, compared to negative HKD 44,666 thousand in the previous year[26]. - As of September 30, 2024, total assets amounted to HKD 389,022 thousand, a slight increase from HKD 380,206 thousand as of March 31, 2024[19]. - The total assets of the group as of September 30, 2024, amounted to HKD 511,556, compared to HKD 545,788 as of September 30, 2023[42][45]. Strategic Focus and Future Plans - The company plans to focus on market expansion and new product development to drive future growth[12]. - The company is exploring potential mergers and acquisitions to enhance its market position and expand its product offerings[12]. - The company plans to continue expanding its market presence in the Asia-Pacific region, focusing on IT infrastructure solutions and AI development[29]. - The company is focused on providing IT infrastructure solutions and AI products to meet diverse customer needs in the Asia-Pacific region[82]. - The company plans to expand its service desk capacity in Guangzhou and Kuala Lumpur to meet increasing demand, with completion expected in the first half of 2025[88]. Corporate Governance and Compliance - The board emphasizes the importance of good corporate governance and has maintained compliance with the corporate governance code during the reporting period[155]. - The audit committee has reviewed the unaudited condensed consolidated financial statements and confirmed compliance with applicable accounting standards and GEM Listing Rules[159]. - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with GEM Listing Rules sections 5.48 to 5.67[154]. - The company confirmed zero expenses related to share options during the reporting period[150]. Shareholder Information - Major shareholders include Mr. Mo with 91,800,000 shares (11.4%) and Mr. Zhang with 89,760,000 shares (11.2%) as of September 30, 2024[134]. - The largest shareholder, Luk Yuen Wah Nancy, holds 226,890,000 shares (28.2%) and 450,500,000 related shares (56.1%)[134]. - The total issued shares of the company as of September 30, 2024, is 803,280,000[139].
思博系统(08319) - 2025 - 中期财报