Revenue Performance - For the six months ended September 30, 2024, the group's revenue increased by approximately HKD 6.0 million or 3.0% to approximately HKD 204.8 million from approximately HKD 198.8 million for the same period in 2023[11]. - Revenue from the security services segment rose by approximately HKD 6.3 million or 3.4% to approximately HKD 192.5 million, primarily due to a net increase in manpower support services[12]. - Revenue from facilities management services decreased by approximately HKD 0.2 million or 2.0% to approximately HKD 12.3 million, mainly due to the termination of cleaning service contracts[13]. - Total revenue for the six months ended September 30, 2024, was HKD 204,819,000, compared to HKD 198,800,000 for the same period in 2023, representing an increase of approximately 3.5%[114]. - The revenue from general security services decreased to HKD 85,192,000 from HKD 91,317,000, a decline of about 6.2%[109]. - The revenue from manpower support services increased significantly to HKD 107,214,000, up from HKD 94,840,000, marking an increase of approximately 13.04%[109]. Profitability - The total profit and comprehensive income for the six months ended September 30, 2024, decreased by approximately HKD 5.1 million or 49.1% to about HKD 5.3 million from approximately HKD 10.4 million for the six months ended September 30, 2023[19]. - The net profit for the period was HKD 5,290,000, a decrease of 49.1% from HKD 10,391,000 in the previous year[91]. - Basic earnings per share for the period was HKD 0.67, down from HKD 1.30 in the same period last year, representing a decline of 48.5%[91]. - The net profit margin dropped from approximately 5.2% for the six months ended September 30, 2023, to about 2.6% for the six months ended September 30, 2024[19]. - The total comprehensive income for the six months ended September 30, 2024, was HKD 5,349,000, down from HKD 10,391,000 for the same period in 2023, representing a decline of approximately 48.6%[121]. Expenses and Costs - Employee benefits expenses increased by approximately HKD 12.6 million or 7.3% to approximately HKD 186.1 million, attributed to an increase in the total number of employees due to the resumption of cross-border travel between Hong Kong and mainland China[14]. - Subcontracting costs decreased by approximately HKD 1.6 million or 35.4% to approximately HKD 3.0 million, mainly due to a reduction in the number of subcontracted services[16]. - The company reported a decrease in employee benefit expenses to HKD 186,130,000 from HKD 173,516,000 in the previous year, reflecting a rise of 7.5%[91]. - The company incurred financing costs of HKD 89,000 for the period, compared to HKD 87,000 for the same period in 2023, showing a slight increase[114]. - The company’s depreciation expense for property, plant, and equipment was HKD 580,000 for the period, up from HKD 418,000 for the same period in 2023, indicating an increase of approximately 38.7%[118]. Cash Flow and Financial Position - As of September 30, 2024, the group's bank balances and cash decreased by approximately HKD 54.3 million or 73.8% to about HKD 19.3 million from approximately HKD 73.6 million as of March 31, 2024[22]. - The current ratio as of September 30, 2024, was approximately 4.5 times, down from about 5.5 times as of March 31, 2024[22]. - The net cash used in operating activities for the six months ended September 30, 2024, was HKD 53,735,000, compared to HKD 33,835,000 in the same period in 2023, indicating a significant increase in cash outflow[98]. - The cash and cash equivalents at the end of the period were HKD 19,315,000, down from HKD 65,240,000 at the end of the same period in 2023, a decrease of approximately 70.5%[98]. - Trade receivables and unbilled revenue increased to approximately HKD 210.2 million as of September 30, 2024, from HKD 158.3 million as of March 31, 2024[28]. Shareholder Information - As of September 30, 2024, the company has a total of 800,000,000 issued shares[51]. - Major shareholders, including International Yongsheng BVI, hold 560,000,000 shares, representing approximately 70.0% of the company's issued share capital[59]. - The company's directors, including Mr. Ma Qiaosheng, Mr. Ma Qiaowu, and Mr. Ma Qiaowen, each hold 560,000,000 shares, also accounting for 70.0% of the issued share capital[59]. - The ownership structure indicates that International Yongsheng BVI is fully owned by controlled entities, with each entity holding 70.0% of the shares[59]. - The company has established a unified action agreement among its major shareholders, ensuring coordinated control over their respective holdings[49]. Corporate Governance and Compliance - The board believes that the company has complied with the corporate governance code during the six months ended September 30, 2024[74]. - The company continues to maintain compliance with the Securities and Futures Ordinance regarding the disclosure of interests[49]. - The company has confirmed compliance with the conduct code for securities trading by all directors for the six months ended September 30, 2024[77]. - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements for the six months ended September 30, 2024[83]. Future Plans and Strategic Direction - The group plans to expand its security services and enhance facility management capabilities while selectively seeking strategic acquisition and investment opportunities[44]. - The company plans to utilize the unutilized net proceeds for purchasing machinery and equipment, and upgrading IT infrastructure by March 31, 2025[70]. - The company has made no changes to the intended use of net proceeds as disclosed in the prospectus and listing documents[70]. Dividends and Securities - No interim dividend has been recommended for the six months ended September 30, 2024[71]. - The company has not purchased, sold, or redeemed any of its listed securities during the six months ended September 30, 2024[72]. - The company did not declare an interim dividend for the six months ended September 30, 2024, compared to HKD 12,000,000 declared for the same period in 2023[120].
国际永胜集团(06663) - 2025 - 中期业绩