Financial Performance - The company reported revenue of HKD 4,433,441,000 for the six months ending September 30, 2024, an increase of 26% from HKD 3,524,655,000 in the same period of 2023[4][9] - Gross profit rose from HKD 303,454,000 to HKD 320,946,000, reflecting a growth of 5%[5][9] - The net profit for the period was HKD 23,153,000, down 39% from HKD 38,007,000 in the previous year[6][9] - Basic and diluted earnings per share decreased to HKD 0.0562 from HKD 0.0874, a decline of 36%[7][9] - The company’s operating profit for the period was HKD 73,600,000, a decrease from HKD 77,846,000 in the previous year[9] - Total revenue for the six months ended September 30, 2024, was HKD 4,433,441,000, up 25.8% from HKD 3,524,655,000 in the same period last year[42] Assets and Liabilities - The total assets increased to HKD 6,259,885,000 as of September 30, 2024, compared to HKD 5,726,115,000 as of March 31, 2024[13][17] - The company’s total liabilities increased to HKD 4,723,726,000 from HKD 4,224,549,000[17] - Total equity as of September 30, 2024, increased to HKD 1,536,159,000 from HKD 1,501,566,000 as of March 31, 2024, representing a growth of 2.3%[18] - The company’s net asset value attributable to equity holders was HKD 1,541,223,000, up from HKD 1,505,164,000 at the end of March 2024[8][9] Cash Flow and Expenditures - Cash and bank balances decreased to HKD 808,093,000 from HKD 905,585,000[13][15] - Cash generated from operating activities showed a significant improvement, with a net cash outflow of HKD 110,839,000 compared to HKD 328,160,000 in the previous year, reflecting a reduction of 66.3%[25] - The company reported a net cash outflow from investing activities of HKD 62,311,000, compared to HKD 20,659,000 in the prior year, indicating an increase in investment expenditures[25] - Cash and cash equivalents at the end of the period increased to HKD 769,227,000 from HKD 557,410,000, marking a growth of 38%[25] Dividends - The company maintained an interim dividend of HKD 10,951,000, unchanged from the previous year[9] - The interim dividend declared was HKD 2.50 per share, consistent with the previous year, resulting in a total dividend payable of HKD 10,951,000 for both 2024 and 2023[62] Operational Highlights - Revenue for the construction segment reached HKD 3,430,681,000, a 34.5% increase from HKD 2,548,130,000 in the previous year[42] - Electromechanical installation revenue was HKD 945,200,000, slightly up from HKD 914,263,000, reflecting a 3.1% growth[42] - Property investment and development revenue surged to HKD 10,878,000, compared to HKD 1,278,000 in the previous year, marking a significant increase[42] - The company continues to focus on expanding its construction and property development segments as part of its growth strategy[41] Challenges and Future Outlook - The company anticipates a slowdown in new contract growth due to a more selective bidding approach[92] - The group recognizes ongoing challenges in the local real estate market, particularly in the commercial and retail sectors, but remains resilient due to its focus on public engineering projects[100] - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and drive future growth[28] Governance and Compliance - The company has adopted the principles and practices of the corporate governance code as per the listing rules appendix C1, aiming to enhance transparency and shareholder returns[113] - The board believes that the company has complied with the listing rules, except for the separation of roles between the chairman and the CEO, which are currently held by the same individual[114] - The company has implemented the standard code of conduct for securities trading as per the listing rules appendix C3, confirming compliance for the past six months[115]
有利集团(00406) - 2025 - 中期财报