Financial Performance - The group's revenue for the six months ended September 30, 2024, was approximately HKD 20,700,000, a decrease from HKD 25,204,000 in the same period last year, representing a decline of about 17.8%[4] - Gross profit for the same period was approximately HKD 7,600,000, down from HKD 10,989,000, indicating a decrease of approximately 30.5%[4] - The group reported a net loss of approximately HKD 5,900,000 for the six months ended September 30, 2024, compared to a net profit of HKD 33,000 in the previous year, marking a significant shift in performance[4] - The total comprehensive loss for the period was HKD 5,816,000, compared to a loss of HKD 236,000 in the same period last year[8] - The company reported a basic and diluted loss per share of HKD 0.85 for the six months ended September 30, 2024, compared to a profit of HKD 0.01 in the previous year[8] - For the six months ended September 30, 2024, the company reported a loss attributable to owners of approximately HKD 5,900,000, compared to a profit of HKD 48,000 in the same period of 2023, primarily due to a decline in revenue and gross margin[62] Dividends and Financial Management - The board has resolved not to declare an interim dividend for the six months ended September 30, 2024, consistent with the previous year[4] - The company has adopted a prudent financial management policy to maintain a stable financial position[193] - The group is monitoring its short to medium-term liquidity needs and will arrange refinancing of its bank borrowings when appropriate[66] Expenses and Costs - Administrative expenses increased to HKD 14,157,000 from HKD 11,067,000, reflecting a rise of approximately 27.5% due to higher employee costs and expenses related to overseas business expansion[6] - The company's financing costs increased to HKD 425,000 from HKD 247,000 year-over-year[34] - The company’s cash used in operating activities was HKD (3,940,000), compared to HKD (2,300,000) in the previous year[34] - The company’s depreciation of right-of-use assets was HKD 1,957,000, up from HKD 1,819,000 in the previous year[34] Cash and Liquidity - The company's cash and cash equivalents as of September 30, 2024, were HKD 9,850,000, a decrease from HKD 14,225,000 as of March 31, 2024[10] - Total assets less current liabilities amounted to HKD 64,820,000, down from HKD 71,919,000 as of March 31, 2024[10] - Cash and cash equivalents decreased by HKD 4,338,000, ending at HKD 9,850,000 as of September 30, 2024, compared to HKD 7,916,000 in the previous year[36] - The group maintained a robust liquidity position, continuously assessing customer credit and financial status to mitigate credit risk[193] Revenue Segmentation - Revenue from environmental, social, and governance consulting services increased by 8.2% to approximately HKD 2,300,000 for the six months ended September 30, 2024, up from HKD 2,100,000 for the same period in 2023[56] - Revenue from the green building certification consulting segment decreased by 19.6% from approximately HKD 16,100,000 to approximately HKD 13,000,000, attributed to a slowdown in ongoing project contract service work[66] - Revenue from the sustainable development and environmental consulting segment decreased by 18.7% from approximately HKD 4,900,000 to approximately HKD 4,000,000, primarily due to a slowdown in ongoing project contract service work[66] - Revenue from the acoustics, noise and vibration control, and audiovisual design consulting segment decreased by approximately 28.3% from approximately HKD 2,100,000 to approximately HKD 1,500,000, mainly due to a slowdown in ongoing project contract service work[66] Project and Contract Management - The group had 586 ongoing projects with a total contract value of approximately HKD 246,300,000 as of September 30, 2024[66] - The group has 307 active contracts with clients in the green building certification sector as of September 30, 2024, down from 320 contracts as of March 31, 2024[147] - The group is involved in 123 ongoing projects in sustainable development and environmental consulting as of September 30, 2024, slightly up from 122 projects as of March 31, 2024[150] Compliance and Standards - The company has begun evaluating the impact of newly issued and revised Hong Kong Financial Reporting Standards, concluding that their adoption is unlikely to have a significant impact on the interim financial statements[50] - The company’s financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, with significant estimates and assumptions reviewed continuously[45] Environmental and Social Governance - The group’s environmental, social, and governance (ESG) consulting services are positioned to capitalize on new market opportunities in green finance[144] - The introduction of the Qualified Environmental Professionals Ordinance is expected to benefit the group's relevant business, as it enhances the professional recognition of environmental practitioners[65] - The group aims to double global renewable energy generation capacity by 2030, as outlined in the UAE Consensus[134] - The group is committed to achieving net-zero emissions by 2050, in line with international climate agreements[134] Shareholder Information - The weighted average number of ordinary shares for basic loss per share calculation was 697,185,201 for the six months ended September 30, 2024, compared to 694,561,366 in the previous year[104] - The group repurchased a total of 4,320,000 shares at a total cost of HKD 497,000 during the six months ending September 30, 2024[174] - The group has not issued any new shares under the share incentive plan during the reporting period[117]
沛然环保(08320) - 2025 - 中期财报