Financial Performance - The Group's revenue increased from approximately HK$72.2 million for the six months ended 30 September 2023 to approximately HK$75.6 million, representing an increase of approximately 4.8%[9] - The Group's gross profit decreased from approximately HK$26.5 million for the six months ended 30 September 2023 to approximately HK$25.3 million, a decline of approximately 4.6%[9] - Profit attributable to owners of the Company decreased from approximately HK$8.9 million for the six months ended 30 September 2023 to approximately HK$6.1 million for the same period in 2024[9] - Basic and diluted earnings per share was approximately HK1.02 cents for the six months ended 30 September 2024, down from approximately HK1.48 cents in 2023[9] - Operating profit for the period was approximately HK$7.99 million, down from approximately HK$11.09 million in the previous year[11] - Profit before income tax decreased from approximately HK$10.76 million in 2023 to approximately HK$8.16 million in 2024[11] - Total comprehensive income for the period was approximately HK$6.51 million, compared to approximately HK$8.98 million in the same period last year[14] - The Group's total comprehensive income attributable to owners of the Company was approximately HK$5.96 million for the period, down from approximately HK$8.84 million in 2023[14] Assets and Liabilities - Total assets increased to HK$197.31 billion as of 30 September 2024, up from HK$181.26 billion as of 31 March 2024, representing a growth of approximately 8.9%[18] - Current assets, particularly inventories, surged to HK$22.90 billion, a significant increase from HK$13.76 billion, reflecting a growth of about 66.5%[18] - Total equity rose to HK$132.96 billion, compared to HK$126.45 billion, marking an increase of approximately 5.2%[21] - The company’s total liabilities increased to HK$64.35 billion, up from HK$54.81 billion, representing a rise of approximately 17.4%[21] - Cash and cash equivalents at the end of the period were HK$37.68 billion, down from HK$52.25 billion, reflecting a decrease of approximately 28%[27] Cash Flow and Investments - Net cash used in operating activities was HK$8.64 billion for the six months ended 30 September 2024, compared to a net cash generated of HK$22.85 billion in the same period last year[27] - The company incurred net cash used in investing activities of HK$8.73 billion, compared to HK$22.85 billion generated in the previous year[27] - The company reported a decrease in cash flow from financing activities, generating HK$598.61 million compared to HK$4.16 billion in the previous year[27] Revenue Breakdown - Revenue from flooring services was HK$58,506,693, a decrease of 9.3% from HK$64,897,056 in the previous year[41] - Ancillary services revenue increased significantly to HK$16,464,070, up 136.5% from HK$6,952,041 in 2023[41] - Sales of materials rose to HK$668,010, compared to HK$317,911 in the prior year, marking a 109.8% increase[41] - Revenue from customers in Hong Kong was HK$74,963,861, up from HK$71,946,323, reflecting a growth of 4.0%[47] - Revenue from Macau customers increased to HK$322,002 from HK$50,524, a substantial rise of 536.5%[47] - Revenue from other Asian regions reached HK$352,910, compared to HK$170,161, representing a growth of 107.5%[47] Employee and Operational Costs - Employee benefit expenses rose to HK$14,684,779 for the six months ended 30 September 2024, up from HK$13,330,690 in 2023[99] - Subcontractor costs increased to HK$19,629,623 for the six months ended 30 September 2024, compared to HK$15,303,353 in the previous year[99] - The cost of materials used for the six months ended 30 September 2024 was HK$25,485,684, a decrease from HK$26,067,005 in the same period of 2023[99] Shareholder Information - As of September 30, 2024, Mr. Kwong holds a long position of 392,886,000 shares in the company, representing approximately 65.76% of the total shareholding[174] - Sage City, owned 70% by Mr. Kwong and 30% by Mr. Yip, holds a beneficial interest of 392,886,000 shares, equating to 65.76% of the company[185] - Mrs. Kwong, as the spouse of Mr. Kwong, is deemed to have an interest in all shares held by Mr. Kwong, which totals 392,886,000 shares or 65.76%[185] Corporate Governance - The company has complied with the Corporate Governance Code for the six months ended September 30, 2024[191] - No competing interests were reported by the Directors or controlling shareholders during the six months ended September 30, 2024[190] - All Directors confirmed compliance with the Code of Conduct for securities transactions during the six months ended September 30, 2024[192] Future Outlook - The Group expects to face challenges due to slowing global economic conditions and uncertainties in the property markets in Hong Kong and Macau[138][140] - The Group is pursuing diversification in revenue and business risks by exploring opportunities in growing economies within the Asian region[139][140] - The Group aims to maintain its competitive edge and market leadership in the carpark flooring and waterproofing sectors[139][140]
邝文记(08023) - 2025 - 中期财报