Financial Performance - Revenue increased by approximately 188.8% from about HKD 6.6 million for the six months ended September 30, 2023, to about HKD 19.1 million for the six months ended September 30, 2024, primarily due to the approval of maintenance projects[9] - Gross profit for the six months ended September 30, 2024, was approximately HKD 7.2 million, compared to HKD 55,000 for the same period in 2023, reflecting the increase in revenue[9] - The net profit for the six months ended September 30, 2024, was approximately HKD 3.6 million, a significant improvement from a net loss of approximately HKD 2.5 million in the same period of 2023[9] - Basic and diluted earnings per share for the six months ended September 30, 2024, was HKD 2.61, compared to a loss per share of HKD 2.20 for the same period in 2023[11] - The group achieved a profit of approximately HKD 3.6 million for the six months ended September 30, 2024, compared to a loss of about HKD 2.5 million in the same period last year, driven by increased revenue[78] Assets and Liabilities - As of September 30, 2024, total assets amounted to HKD 34,203 million, an increase from HKD 26,945 million as of March 31, 2024, representing a growth of approximately 27.5%[14] - The company reported a net loss of HKD 2,512 million for the six months ended September 30, 2024, compared to a loss of HKD 4,170 million for the same period in 2023, indicating a 40% improvement[24] - Cash and cash equivalents decreased to HKD 366 million as of September 30, 2024, down from HKD 2,120 million at the end of the previous period, reflecting a decline of approximately 82.7%[24] - The company's total equity increased to HKD 14,842 million as of September 30, 2024, up from HKD 11,265 million as of March 31, 2024, marking a growth of approximately 32.5%[16] - The company’s current liabilities increased to HKD 19,765 million as of September 30, 2024, from HKD 16,379 million as of March 31, 2024, which is an increase of about 14.6%[14] Cash Flow and Financing - The net cash used in operating activities was HKD 1,795 million for the six months ended September 30, 2024, compared to HKD 4,170 million in the prior year, showing a significant reduction in cash outflow[24] - The financing activities generated a net cash inflow of HKD 1,662 million for the six months ended September 30, 2024, compared to HKD 681 million in the previous year, reflecting a significant increase of approximately 144%[24] - The group incurred other loans from third parties amounting to approximately HKD 1.8 million, with interest rates of 4% and 5%[55] Employee and Operational Costs - Total employee costs for the six months ended September 30, 2024, amounted to HKD 3,857,000, an increase from HKD 2,807,000 in the same period of 2023, reflecting a rise of approximately 37%[42] - The group’s depreciation expenses for property, plant, and equipment increased to HKD 425,000 for the six months ended September 30, 2024, compared to HKD 281,000 for the same period in 2023, reflecting an increase of approximately 51%[42] Dividends and Shareholder Information - The company’s board of directors did not recommend the payment of an interim dividend for the six months ended September 30, 2024, consistent with the previous year[9] - The group did not declare an interim dividend for the six months ended September 30, 2024, consistent with the previous year where no dividend was declared[44] - The average number of ordinary shares outstanding increased to 137,020,000 for the six months ended September 30, 2024, compared to 114,220,000 for the same period in 2023, reflecting an increase of approximately 20%[45] Corporate Governance and Compliance - The company has complied with the corporate governance code principles and applicable provisions as of September 30, 2024[111] - The company appointed Ms. Liu as an independent non-executive director on October 29, 2024, restoring compliance with GEM Listing Rules[110] - The board expresses gratitude to customers, business partners, and shareholders for their continued support[130] Future Plans and Investments - The group is focused on civil engineering projects and road maintenance, with ongoing government infrastructure investment plans[67] - There are no significant plans for major investments or capital assets in the future[93] - The group did not make any significant investments or acquisitions during the six months ended September 30, 2024[90]
广骏集团控股(08516) - 2025 - 中期业绩