Financial Performance - The group's revenue decreased significantly by approximately 170.8 million HKD or about 72.7% to around 64.0 million HKD compared to approximately 234.8 million HKD in the same period of 2023[7]. - The gross profit fell to approximately 5.0 million HKD, a decrease of about 39.3 million HKD from approximately 44.3 million HKD in the same period of 2023, resulting in a gross margin decline of 11.0 percentage points to about 7.9%[7]. - The net loss for the period was approximately 5.1 million HKD, compared to a net profit of about 32.9 million HKD in the same period of 2023[11]. - The group reported a total revenue of 64,040 thousand HKD for the six months ended September 30, 2024, compared to 234,849 thousand HKD in the same period of 2023, indicating a significant decline[25]. - The company reported a loss attributable to shareholders of HKD 5,077,000 for the six months ended September 30, 2024, compared to a profit of HKD 32,930,000 in the same period of 2023[82]. - Revenue for the six months ended September 30, 2024, was HKD 64,040,000, a decrease from HKD 234,849,000 for the same period in 2023, representing a decline of approximately 72.7%[39]. Cash Flow and Financial Position - As of September 30, 2024, the group had total bank balances of approximately 82.2 million HKD, down from about 93.4 million HKD as of March 31, 2024[13]. - The net cash flow from operating activities was (5,670) thousand HKD, a decrease from 19,409 thousand HKD in the previous year, indicating a negative cash flow trend[31]. - The total assets as of September 30, 2024, were 176,437 thousand HKD, down from 190,797 thousand HKD as of March 31, 2024[27]. - The total equity attributable to the owners of the company decreased to 140,636 thousand HKD from 145,713 thousand HKD as of March 31, 2024, representing a decline of approximately 3.9%[27]. - The group's cash and bank deposits were HKD 82,173,000 as of September 30, 2024, down from HKD 93,395,000 as of March 31, 2024, reflecting a decrease of 12%[92]. Operational Highlights - The group has ongoing projects with a total original contract value of approximately 203.7 million HKD[5]. - The group earned interest income of approximately 20 million HKD during the period, an increase of about 1.3 million HKD compared to the same period in 2023[5]. - The total compensation cost incurred by the group during the period was approximately 15.4 million HKD, down from 18.6 million HKD in the same period of 2023, reflecting a reduction of about 12.0%[21]. - Employee costs for the six months ended September 30, 2024, were HKD 9,962,000, down from HKD 12,810,000 in the same period of 2023, reflecting a decrease of approximately 22.5%[52]. - Total investment in property, plant, and equipment during the period was approximately HKD 6,782,000, significantly higher than HKD 1,068,000 in the same period of 2023[85]. Shareholder Information - The company did not declare any interim dividend for the period[20]. - The company did not declare an interim dividend for the period ended September 30, 2024, consistent with the previous year[84]. - The group’s total issued share capital was 400,000,000 shares as of September 30, 2024, following a share consolidation approved by shareholders[100]. - The company holds 204,000,000 shares, representing a 51.096% equity stake, controlled by a group of three individuals[112]. - The beneficial ownership of the shares is distributed as follows: Mr. Huang holds 40%, Mr. Gui holds 30%, and Mr. Li holds 30%[119]. Governance and Compliance - The company confirms compliance with corporate governance codes to protect shareholder interests and ensure effective management[123]. - The Audit Committee was established on September 3, 2016, to review the group's financial information and oversee the financial reporting system, risk management, and internal control procedures[129]. - The Audit Committee consists of three independent non-executive directors, with Mr. Tan Wai Tak serving as the chairman[129]. - The Audit Committee has reviewed the unaudited interim results and believes that the results comply with applicable accounting standards and regulations[129].
汛和集团(01591) - 2025 - 中期财报