Financial Performance - The company recorded unaudited revenue of HKD 22,200,000 for the six months ended September 30, 2024, a decrease of 12.6% compared to HKD 25,400,000 for the same period in 2023[6]. - The reported loss attributable to the company's owners for the first half of the fiscal year 2025 was HKD 5,400,000, while the underlying profit was HKD 1,600,000, compared to a profit of HKD 5,300,000 in the same period of the previous year[6]. - The company experienced a decrease in the fair value of investment properties, contributing to the reported loss and underlying profit decline compared to the previous year[6]. - Total revenue for the first half of the fiscal year 2025 was HKD 422,305,000, a decrease from HKD 408,133,000 in the same period of fiscal year 2024[23]. - Revenue for the first half of the fiscal year 2025 was HKD 22,198,000, a decrease of 12.8% compared to HKD 25,409,000 in the first half of fiscal year 2024[37]. - The company recorded a basic profit attributable to owners of HKD 1,600,000 for the first half of fiscal year 2025, down from HKD 5,300,000 in the same period of fiscal year 2024[194]. - The total comprehensive income for the first half of the fiscal year 2025 was HKD 11,575,000, compared to a loss of HKD 33,822,000 in the same period of the previous year[13]. Dividends and Shareholder Returns - The company announced an interim dividend of HKD 0.08 per share for the first half of the fiscal year 2025, compared to no dividend in the same period of the previous year[8]. - The company approved and paid a final dividend of HKD 0.08 per share for the first half of fiscal year 2025, while there was no dividend in the same period of fiscal year 2024[65]. - The company recorded a total of HKD 657,000 in approved and paid dividends for the first half of fiscal year 2025, compared to none in the same period of fiscal year 2024[65]. Assets and Liabilities - Non-current assets increased to HKD 541,876 thousand as of September 30, 2024, compared to HKD 527,293 thousand as of March 31, 2024, reflecting a growth of 2.9%[17]. - Current assets rose to HKD 67,680 thousand as of September 30, 2024, up from HKD 59,007 thousand as of March 31, 2024, marking an increase of 14.5%[17]. - Total liabilities increased to HKD 130,542 thousand as of September 30, 2024, from HKD 118,968 thousand as of March 31, 2024, representing a rise of 9.3%[19]. - The company's equity attributable to owners increased to HKD 390,411 thousand as of September 30, 2024, compared to HKD 380,036 thousand as of March 31, 2024, showing a growth of 2.3%[19]. - Total assets increased to HKD 609,556,000 as of September 30, 2024, up from HKD 586,300,000 as of March 31, 2024, representing a growth of 3.6%[48]. - Total liabilities rose to HKD 205,925,000 as of September 30, 2024, compared to HKD 193,331,000 as of March 31, 2024, marking an increase of 6.9%[48]. Cash Flow and Financing Activities - Net cash generated from operating activities was HKD 3,252,000, down from HKD 9,408,000 year-over-year[28]. - Cash and cash equivalents at the end of the period increased to HKD 61,826,000, compared to HKD 34,069,000 at the end of the same period last year[28]. - The company reported a net cash inflow from financing activities of HKD 1,459,000, compared to HKD 2,297,000 in the previous year[28]. - The company’s investment activities generated a net cash inflow of HKD 9,182,000, a significant improvement from a cash outflow of HKD (10,595,000) in the previous year[28]. Revenue Breakdown - Income from corporate finance, asset management, and other consulting services was HKD 8,884,000, down 11.3% from HKD 10,018,000 in the previous year[37]. - Net rental income from investment properties was HKD 8,452,000, a decline of 18.5% from HKD 10,374,000 in the same period last year[38]. - The total rental income from investment properties was HKD 13,314,000, compared to HKD 15,391,000 in the previous year, reflecting a decrease of 13.5%[38]. - Revenue from regulatory-driven consulting decreased by 21.0% to HKD 7,338,000 from HKD 9,282,000, despite an increase in the number of appointments[197]. - Special situation consulting revenue increased significantly by 85.4% to HKD 1,302,000 from HKD 703,000[195]. Expenses and Costs - The company reported a decrease in administrative and operating expenses to HKD 12,019,000 from HKD 10,325,000 in the previous year[11]. - Employee costs, excluding directors' remuneration, totaled HKD 5,141,000 in the first half of the 2025 fiscal year, an increase of 3% from HKD 4,990,000 in the first half of the 2024 fiscal year[61]. - Property expenses decreased by 3.1% to HKD 4,900,000 from HKD 5,000,000 due to the depreciation of the Japanese yen[199]. - Administrative and operating expenses increased by 16.5% to HKD 12,000,000 from HKD 10,300,000, primarily due to foreign exchange losses[200]. Foreign Exchange and Investment Properties - The company recorded a foreign exchange gain of HKD 16,400,000 due to the conversion of Japanese overseas operations, resulting in a total comprehensive income of HKD 11,600,000 for the first half of the fiscal year 2025[7]. - The company recognized a fair value decrease of HKD 7,000,000 for investment properties in the first half of fiscal year 2025, with no such decrease reported in the same period of fiscal year 2024[72]. - The fair value of investment properties located in Japan as of September 30, 2024, is reported at HKD 438,750,000, an increase from HKD 416,805,000 as of March 31, 2024[78]. - The total fair value of investment properties at the end of the reporting period is HKD 500,750,000, compared to HKD 416,805,000 at the end of the previous period[78]. Share Capital and Transactions - The company repurchased 1,020,000 ordinary shares during the first half of fiscal year 2025, which were accounted for in the share buyback reserve as of September 30, 2024[68]. - The company issued 1,320,000 ordinary shares to employees under share awards during the first half of fiscal year 2025[69]. - The total number of issued ordinary shares has decreased to 819,370,000 shares[181]. - The company recorded related party transactions with KK Ascent Plus, including asset management fees of HKD 264,000 and guarantee fees of HKD 143,000 for the first half of fiscal year 2025[174]. Risk Management and Credit - The company’s internal credit rating for other receivables remained good as of September 30, 2024, indicating stable credit risk management[91]. - The company’s expected credit loss for other receivables was estimated based on historical default records and current financial conditions, reflecting prudent risk assessment practices[91]. - The company’s financial risk management policy ensures that all payables are settled within the credit period, with trade payables aging within 30 days[93].
浩德控股(08149) - 2025 - 中期财报