Financial Performance - The group's revenue for the six months ended September 30, 2024, was approximately HKD 43.3 million, a decrease of 59.9% compared to HKD 108.1 million for the same period in 2023[2] - The gross loss margin for the six months ended September 30, 2024, was approximately 9.0%, improved from 17.8% for the same period in 2023[2] - The group's loss before tax for the six months ended September 30, 2024, was approximately HKD 10.5 million, a reduction of 57.9% compared to HKD 25.0 million for the same period in 2023[2] - The basic loss per share for the six months ended September 30, 2024, was approximately HKD 1.69, down from HKD 4.03 for the same period in 2023[2] - Total revenue for the six months ended September 30, 2024, was HKD 43,338,000, down 59.9% from HKD 108,056,000 for the same period in 2023[19] - The company reported a loss before tax of HKD 10,491,000 for the six months ended September 30, 2024, compared to a loss of HKD 24,986,000 for the same period in 2023[36] - Gross loss for the six months ended September 30, 2024, was approximately HKD 3.9 million, compared to HKD 19.2 million for the six months ended September 30, 2023, a reduction of about 79.7%[58] - Pre-tax loss decreased from approximately HKD 25.0 million for the six months ended September 30, 2023, to approximately HKD 10.5 million for the six months ended September 30, 2024[62] - Total loss attributable to the company's owners decreased from approximately HKD 25.0 million for the six months ended September 30, 2023, to approximately HKD 10.5 million for the six months ended September 30, 2024[63] Revenue Breakdown - Revenue from renovation and addition engineering services for the six months ended September 30, 2024, was HKD 28,896,000, a decrease of 49.2% compared to HKD 56,844,000 for the same period in 2023[19] - Revenue from civil engineering services for the six months ended September 30, 2024, was HKD 14,442,000, a decrease of 71.8% compared to HKD 51,212,000 for the same period in 2023[19] Dividend and Shareholder Information - The board did not recommend the payment of an interim dividend for the six months ended September 30, 2024, consistent with the previous year[2] - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2024, and 2023[34] - As of September 30, 2024, Dr. Kaneko holds 465,000,000 shares, representing 75% ownership in the company through Kyosei Technology Inc.[76] - Kyosei Technology Inc. is controlled by Mr. Yanase and Dr. Kaneko, who own 65.45% and 28.05% of the company, respectively, both holding 465,000,000 shares[79] Assets and Liabilities - Total assets as of September 30, 2024, were HKD 197.3 million, compared to HKD 231.8 million as of March 31, 2024[8] - Current liabilities as of September 30, 2024, were HKD 34.9 million, a decrease from HKD 61.8 million as of March 31, 2024[9] - The net asset value as of September 30, 2024, was HKD 176.6 million, down from HKD 187.1 million as of March 31, 2024[9] - Trade receivables as of September 30, 2024, amounted to HKD 4,441,000, a decrease from HKD 26,285,000 as of March 31, 2024[41] - Trade payables as of September 30, 2024, were HKD 15,666,000, down from HKD 38,527,000 as of March 31, 2024[47] Expenses - The group’s administrative expenses for the six months ended September 30, 2024, were approximately HKD 7.97 million, an increase from HKD 6.71 million for the same period in 2023[4] - Employee costs, including directors' remuneration, amounted to HKD 11,923,000 for the six months ended September 30, 2024, compared to HKD 12,448,000 for the same period in 2023[31] - Total employee costs for the six months ended September 30, 2024, were approximately HKD 11.9 million, compared to HKD 12.4 million for the corresponding six months ended September 30, 2023, reflecting a decrease of about 4.0%[72] Compliance and Governance - The company has adopted the corporate governance code and has complied with all relevant provisions as of September 30, 2024[81] - The roles of the chairman and CEO were held by Dr. Kaneko until September 24, 2024, with measures in place to ensure a balance of power within the board[83] - The company confirmed compliance with the standards of the securities trading code as of September 30, 2024[84] - The audit committee, consisting of three independent non-executive directors, has reviewed and approved the interim financial results for the six months ended September 30, 2024[96] Future Outlook - The company remains cautiously optimistic about the prospects of the Hong Kong construction industry, focusing on expanding its business network and diversifying its customer base[54] Share Options - The company has adopted a share option plan to incentivize selected participants for their contributions to the group's long-term development and profitability[85] - The maximum number of shares that may be issued upon the exercise of all unexercised share options granted under the plan shall not exceed 10% of the company's issued ordinary share capital[87] - Any grant of share options to major shareholders or independent non-executive directors exceeding 0.1% of the company's ordinary shares or valued over HKD 5,000,000 requires prior approval at a shareholders' meeting[87] - The share options granted must be accepted within seven days from the offer date, with a payment of HKD 1 per option for acceptance[88] Other Information - The company has not purchased, sold, or redeemed any of its listed securities as of September 30, 2024[89] - The company has maintained the minimum public float required under the listing rules as of the announcement date[93] - There have been no changes in the board of directors except for the resignation of an executive director and the appointment of a new chairman and non-executive director[94] - The company has established a non-competition agreement with former controlling shareholders to avoid any potential competition[91] - The interim financial report for the six months ended September 30, 2024, will be sent to shareholders and made available on the company's website[97]
B & D STRATEGIC(01780) - 2025 - 中期业绩