Revenue and Profitability - Total revenue for the six months ended September 30, 2024, was approximately HKD 720.7 million, an increase of about HKD 222.2 million or 44.6% compared to HKD 498.6 million for the previous period[6]. - Revenue from IT infrastructure solutions services was approximately HKD 649.1 million, up about HKD 223.6 million or 52.6% from HKD 425.5 million in the previous period, contributing approximately 90.1% to total revenue[6]. - Gross profit for the period was approximately HKD 66.7 million, an increase of about HKD 9.8 million or 17.2% compared to HKD 56.9 million in the previous period[8]. - Profit for the period was approximately HKD 13.5 million, an increase of about HKD 1.9 million or 16.7% compared to HKD 11.5 million in the previous period[11]. - The company reported a total comprehensive income of HKD 12,181,000 for the six months ended September 30, 2024, compared to HKD 11,529,000 for the same period in 2023, reflecting an increase of approximately 5.6%[58]. Expenses and Liabilities - Operating expenses totaled approximately HKD 57.1 million, an increase of about HKD 12.8 million or 28.8% from HKD 44.3 million in the previous period[10]. - Total liabilities increased to HKD 420,621,000 as of September 30, 2024, from HKD 331,711,000 as of March 31, 2024, reflecting a rise of approximately 26.7%[10]. - The company incurred cash outflows of HKD 112,534,000 related to derivative financial instruments during the six months ended September 30, 2024, compared to HKD 52,095,000 in the same period of 2023, indicating a significant increase in investment activity[62]. - The company’s net cash used in investing activities for the six months ended September 30, 2024, was HKD (88,240,000), compared to HKD (44,353,000) for the same period in 2023, indicating increased investment expenditures[62]. Cash Flow and Bank Borrowings - Cash and cash equivalents were approximately HKD 69.7 million as of September 30, 2024, down from HKD 159.8 million as of March 31, 2024[14]. - Total bank borrowings as of September 30, 2024, amounted to approximately HKD 96.4 million, up from HKD 11.0 million as of March 31, 2024[12]. - Bank borrowings increased significantly to HKD 96,427,000 as of September 30, 2024, from HKD 11,000,000 as of March 31, 2024, indicating an increase of 875.7%[116]. Employee and Operational Metrics - As of September 30, 2024, the group had a total of 273 employees, up from 246 employees in the previous year[22]. - Total employee costs, including director remuneration, amounted to approximately HKD 64.8 million, compared to HKD 53.6 million in the previous period[22]. - The group has implemented employee education subsidy programs to enhance overall efficiency and employee loyalty[22]. Shareholder and Dividend Information - The board decided not to declare an interim dividend for the period, compared to an interim dividend of HKD 0.02 per share for the previous six months[23]. - The company repurchased a total of 27,258,000 shares at a total cost of HKD 29,892,000 during the period, as part of its share incentive plan adopted on January 16, 2024[59]. Market and Business Strategy - The group is actively expanding its artificial intelligence (AI) business to meet market trends and demands[27]. - The group maintains a focus on core business and partnerships with key suppliers to enhance competitiveness[27]. - The group has not made any significant investments or acquisitions during the period[25]. Financial Position and Standards - The group has applied the revised Hong Kong Financial Reporting Standards, which are expected to impact liabilities and cash flow disclosures starting from April 1, 2024[73]. - The group’s financial position and performance were not significantly impacted by the application of the revised standards during the reporting period[72]. Revenue Segmentation - Revenue from the public sector, including the Hong Kong government and public institutions, amounted to HKD 435,281,000, which is an increase from HKD 263,757,000 in the previous year, reflecting a growth of about 65%[84]. - The group’s revenue from the private sector reached HKD 285,457,000, up from HKD 234,806,000 in the prior year, indicating a growth of approximately 21.5%[84]. - The group recognized revenue of HKD 640,325,000 at a point in time and HKD 80,413,000 over time during the reporting period[77]. Financial Performance Metrics - The segment profit for the six months ended September 30, 2024, was HKD 33,665,000, compared to HKD 28,234,000 for the same period in 2023, reflecting an increase of about 19.2%[90]. - The pre-tax profit for the six months ended September 30, 2024, was HKD 15,186,000, up from HKD 13,936,000 in the previous year, indicating a growth of approximately 9.0%[90].
美高域(01985) - 2025 - 中期财报