Financial Performance - The company reported a profit attributable to shareholders of HKD 184,000 for the six months ended September 30, 2024, compared to a loss of HKD 51,740,000 in the same period last year[3]. - Total revenue increased by HKD 4,545,000 to HKD 93,409,000, with core profit after tax rising from HKD 38,960,000 to HKD 73,884,000[3]. - The company’s total comprehensive income for the period amounted to HKD 184,000, compared to HKD 71,815,000 in the prior year, indicating a notable change in financial performance[41]. - The profit attributable to owners of the company for the period was HKD 184,000, a significant recovery from a loss of HKD 51,740,000 in the previous year[40]. - The company reported a pre-tax profit of HKD 7,351 thousand for the six months ended September 30, 2024, compared to a loss of HKD 44,397 thousand in the same period last year[47]. - The basic earnings per share for the period was HKD 0.05, a recovery from a loss per share of HKD 12.78 in the previous year[41]. Revenue Breakdown - Total revenue for the six months ended September 30, 2024, was HKD 93,409 thousand, an increase from HKD 88,864 thousand in the previous year, representing a growth of approximately 5.8%[55]. - Warehouse operations revenue decreased to HKD 7,789 thousand from HKD 9,000 thousand, a decline of about 13.4% year-over-year[55]. - Property investment income remained stable at HKD 55,777 thousand, slightly down from HKD 55,976 thousand, indicating a decrease of approximately 0.4%[55]. - Financial investment income increased significantly to HKD 29,843 thousand from HKD 20,419 thousand, marking a growth of approximately 46.5%[58]. Dividends and Shareholder Information - The company declared an interim dividend of HKD 0.03 per share, up from HKD 0.025 per share in the same period last year[4]. - The company paid dividends amounting to HKD 18,427 thousand during the period, compared to HKD 12,060 thousand in the previous year, reflecting an increase of approximately 53.5%[47]. - As of September 30, 2024, the total equity held by Mr. Lyu Rongyi is 41,501,580 shares, representing 10.25% of the company's issued shares[21]. - Major shareholder Jian Nan Financial Limited holds 147,610,335 shares, accounting for 36.45% of the company's issued shares[23]. Asset and Liability Management - The company’s net asset value remained stable at HKD 3,861,663,000, with a net asset value per share of HKD 9.53[15]. - Non-current assets, including investment properties and property, plant, and equipment, totaled HKD 2,909,477,000 as of September 30, 2024, down from HKD 2,985,819,000 as of March 31, 2024[43]. - Current assets increased to HKD 1,117,632,000 from HKD 1,060,104,000, driven by a rise in financial assets measured at fair value[43]. - The total equity attributable to owners of the company decreased to HKD 3,861,663,000 from HKD 3,879,704,000, primarily due to the reported loss and dividend payments[45]. - The company’s total liabilities decreased slightly to HKD 106,042,000 from HKD 104,313,000, indicating stable financial management[43]. Corporate Governance and Compliance - The company has complied with all corporate governance codes except for specific provisions regarding the separation of roles between the chairman and CEO, which remain unfilled since April 2015[30]. - The company has confirmed compliance with the standard code for securities transactions by directors during the reporting period[33]. - The company’s independent auditor, Deloitte, has reviewed the unaudited consolidated financial statements for the reporting period[28]. Cash Flow and Investments - The net cash generated from operating activities was HKD 19,861 thousand, down from HKD 63,368 thousand in the previous year, a decrease of about 68.7%[47]. - The company reported a net cash outflow from investing activities of HKD 6,495 thousand, compared to HKD 130,378 thousand in the same period last year, indicating a significant reduction in cash outflow[47]. - The company has committed to acquire property, machinery, and equipment amounting to HKD 11,492,000 as of the mid-year end, down from HKD 16,959,000 as of March 31, 2024[86]. Fair Value Measurements - The fair value of investment properties decreased to HKD 2,738,700,000 as of September 30, 2024, from HKD 2,812,400,000 as of March 31, 2024, reflecting a loss of HKD 73,700,000[71]. - The total fair value of Level 3 financial assets at the end of the period was HKD 8,720,000, compared to HKD 8,541,000 at the end of the previous year[84]. - There were no transfers between Level 1, Level 2, and Level 3 fair value measurements during the period[85].
安全货仓(00237) - 2025 - 中期财报