Revenue and Profitability - For the six months ended 30 September 2024, total revenue was HK$387,207,000, with contributions from foundation and other civil works at HK$311,961,000, tunneling works at HK$68,915,000, and premises revitalisation and enhancement at HK$6,331,000[19] - The company reported a profit before taxation of HK$2,745,000 for the six months ended 30 September 2024[19] - For the six months ended 30 September 2023, the company reported total revenue of HK$661,739,000, with construction revenue under foundation and other civil works at HK$589,841,000 and tunneling works at HK$58,033,000[13] - Revenue from external customers for the six months ended 30 September 2024 was approximately HK$661.7 million, an increase from HK$387.2 million in the same period of 2023, representing a growth of approximately 71%[74] - The gross profit of the Group increased from approximately HK$48.0 million for the six months ended 30 September 2023 to approximately HK$78.1 million for the same period in 2024, reflecting an increase of approximately 62.6%[95] - The profit for the period attributable to owners of the company was HK$21,780,000, compared to HK$2,958,000 in the previous year, reflecting an increase of around 638%[191] Segment Performance - The segment profit for foundation and other civil works was HK$37,831,000, while tunneling works generated a profit of HK$16,826,000, and premises revitalisation and enhancement incurred a loss of HK$6,631,000, resulting in a total segment profit of HK$48,026,000[19] - Total segment revenue for foundation and other civil works, tunneling works, and premises revitalisation and enhancement reached HK$767.89 million, up from HK$756.53 million in the previous period, showing a growth of approximately 1.7%[66] - Segment profit for foundation and other civil works was HK$79,103,000, while tunneling works reported a profit of HK$2,106,000; however, premises revitalisation and enhancement incurred a loss of HK$3,704,000[156] Assets and Liabilities - Non-current assets decreased from HK$527,862,000 as of March 31, 2024, to HK$523,277,000 as of September 30, 2024, reflecting a decline of approximately 0.11%[25] - Current assets increased from HK$547,741,000 as of March 31, 2024, to HK$647,439,000 as of September 30, 2024, representing an increase of approximately 18.2%[25] - Total assets increased to HK$1,170.72 million as of September 30, 2024, compared to HK$1,075.60 million at the end of the previous period, reflecting a growth of approximately 8.8%[66] - Total liabilities increased to HK$671,240,000 as of September 30, 2024, up from HK$596,257,000 as of March 31, 2024, representing an increase of approximately 12.6%[139] - The net assets of the Group as of September 30, 2024, were HK$499,476,000, an increase from HK$479,346,000 as of March 31, 2024, indicating a growth of approximately 4.3%[146] Cash Flow and Financing - Net cash from operating activities for the six months was HK$58,155,000, compared to HK$65,816,000 in the previous year, indicating a decrease of 11.1%[167] - The company reported a net increase in cash and cash equivalents of HK$39,263,000 for the period, up from HK$34,063,000 in the prior year[167] - The company raised new bank borrowings of HK$11,600,000 during the financing activities[167] - The company obtained new borrowings of approximately HK$11,600,000 during the six months ended 30 September 2024, up from HK$7,848,000 in the previous period[191] Shareholder Information - The Company declared a special dividend of HK$0.10 per share on 25 November 2024, following no dividends being paid or proposed during the reporting period[108] - The weighted average number of ordinary shares for the purpose of basic earnings per share was 499,898,000 for the six months ended 30 September 2024, slightly down from 500,000,000 in the same period of 2023[101] - Earnings per share for the period were HK$0.06, compared to HK$0.02 in the previous year, representing a 200% increase[191] Taxation - The current period taxation for Hong Kong Profits Tax increased significantly to HK$11,209,000 from HK$4,326,000 year-over-year, reflecting a growth of approximately 159%[132] - No provision for Philippines Corporate Tax was made for the six months ended 30 September 2024 and 2023, as the Philippines subsidiary did not have any assessable profits[108] Operational Highlights - The Group's operations are located in Hong Kong, the PRC, and the Philippines, indicating a geographical diversification strategy[21] - The Group aims to expand its health and environmental innovations business, focusing on public health, food chain environmental health, and ESG building materials in Hong Kong and other Asian countries[114] - The Group has been awarded construction projects with a total original contract sum of approximately HK$510.6 million during the Period[112] Financial Management - The Group's financial risk management policies ensure that all payables are settled within the credit timeframe, reflecting a proactive approach to financial management[185] - The interim financial information has not been audited, which may affect the reliability of the reported figures[179] - The Group's functional currency is Hong Kong dollars (HK$), which is consistent across its subsidiaries except for those in the PRC and the Philippines[179]
义合控股(01662) - 2025 - 中期财报