Financial Performance - For the six months ended September 30, 2024, the company reported revenue of approximately HKD 362.1 million, an increase of about 24.6% compared to HKD 290.7 million for the same period in 2023[10]. - Gross profit for the same period was approximately HKD 70.7 million, reflecting a growth of about 3.3% from HKD 68.5 million year-on-year[10]. - The loss attributable to the owners of the company decreased significantly to approximately HKD 1.2 million, a reduction of about 81.9% compared to a loss of HKD 6.6 million in the previous year[10]. - After adjusting for fair value changes, the company recorded an adjusted profit of approximately HKD 9.7 million, compared to an adjusted loss of HKD 6.3 million in the prior period[10]. - The company reported a pre-tax profit of HKD 1,411,000, indicating a recovery from a pre-tax loss of HKD 5,109,000 in the previous year[48]. - The company reported a pre-tax loss of HKD 1,184,000 for the six months ended September 30, 2024, compared to a loss of HKD 6,558,000 for the same period in 2023, indicating an improvement in performance[74]. Revenue Segmentation - The cybersecurity services segment generated revenue of HKD 208,603,000, up 52.5% from HKD 136,799,000 in the previous year[48]. - The cybersecurity products segment reported revenue of HKD 153,498,000, slightly down by 0.2% from HKD 153,820,000 in the prior year[43]. - Revenue from the Hong Kong market increased to HKD 330,042,000, a rise of 22.1% from HKD 270,495,000 in the previous year[60]. - The Macau market saw revenue growth of 90.1%, reaching HKD 22,218,000 compared to HKD 11,648,000 in the same period last year[60]. Cash Flow and Liquidity - For the six months ended September 30, 2024, the net cash generated from operating activities was HKD 37,712,000, compared to HKD 12,634,000 for the same period in 2023, representing an increase of approximately 197%[27]. - The company’s operating cash flow after tax payments was HKD 35,818,000 for the six months ended September 30, 2024, compared to HKD 9,398,000 for the same period in 2023, an increase of approximately 281%[27]. - The company’s cash and cash equivalents stood at approximately HKD 47.5 million, down from HKD 55.9 million[16]. - The debt-to-equity ratio as of September 30, 2024, was approximately 41.2%, a decrease from 64.9% as of March 31, 2024, indicating a strong liquidity position[130]. Expenses and Cost Management - The total operating expenses, including unallocated selling and administrative expenses, amounted to HKD 55,878,000, impacting overall profitability[48]. - Employee costs decreased to HKD 43,858,000 from HKD 51,679,000 year-on-year, reflecting a reduction of approximately 15.5%[64]. - Distribution and selling expenses decreased by approximately HKD 1.9 million or about 8.7%, from HKD 22.3 million in the first half of FY2024 to HKD 20.4 million in the first half of FY2025[123]. - Administrative and other expenses decreased significantly by HKD 12.9 million or about 26.1%, from HKD 49.4 million in the first half of FY2024 to HKD 36.5 million in the first half of FY2025[124]. Asset Management - Total assets as of September 30, 2024, amounted to approximately HKD 484.3 million, down from HKD 585.2 million as of March 31, 2024[16]. - The company’s net asset value as of September 30, 2024, was HKD 160,738,000, down from HKD 164,296,000 as of March 31, 2024, indicating a decrease of approximately 2.5%[19]. - Trade receivables as of September 30, 2024, were HKD 150,992,000, down from HKD 217,915,000 as of March 31, 2024, representing a decrease of about 30.6%[80]. - The total amount of trade and other receivables, prepayments, and deposits was HKD 545,960,000, down from HKD 618,680,000, a reduction of approximately 11.7%[82]. Market Outlook and Strategy - The company continues to focus on enhancing operational efficiency and exploring market expansion opportunities[10]. - The company plans to continue expanding its cybersecurity services and digital asset offerings to enhance market presence and revenue streams[43]. - The company remains optimistic about the overall business outlook, particularly in the ASEAN region, despite short-term market uncertainties[115]. - The demand for cybersecurity services continues to grow, with a notable trend towards outsourcing cybersecurity services due to local IT and cybersecurity expertise shortages[113]. Shareholder Information - The company did not recommend the payment of dividends for the first half of the fiscal year 2025, consistent with the previous year[11]. - The company did not declare an interim dividend for the six months ended September 30, 2024, consistent with the previous year[75]. - As of September 30, 2024, the total number of issued ordinary shares is 1,004,217,000[189]. - Mr. Liao holds 570,000,000 shares, representing 56.76% of the company's equity[189]. Stock Option and Incentive Plans - The share incentive plan allows for a maximum issuance of 101,225,700 shares, which represents about 10% of the total issued share capital as of the date of the interim report[157]. - The stock option plan is valid for 10 years and will remain effective until March 22, 2027, with approximately three years remaining[170]. - No stock options were granted during the first half of the fiscal year 2025, and no options were exercised during this period[184].
安领国际(01410) - 2025 - 中期财报