Revenue and Profitability - Revenue for the six months ended September 30, 2024, was HK$4,032,804, an increase of 2.7% from HK$3,926,559 in the same period of 2023[18] - Profit for the period increased to HK$77,003, up 12.5% from HK$68,469 in the same period last year[18] - Earnings per share rose to HK$0.27, compared to HK$0.19 in the previous year, reflecting a 42.1% increase[18] - Profit for the period increased to HK$77,003,000 from HK$68,469,000, representing a growth of approximately 23%[25] - Total comprehensive income for the period reached HK$190,726,000, compared to a loss of HK$159,654,000 in the previous period[25] - Profit attributable to shareholders for the six months ended 30 September 2024 is HK$80,318,000, an increase of 37% compared to HK$58,596,000 in 2023[116] Costs and Expenses - Gross profit decreased to HK$348,056, down 25.4% from HK$466,422 in the previous year[18] - Operating profit for the period was HK$122,827, a decline of 6.4% compared to HK$131,891 in 2023[18] - Finance costs rose to HK$131,788, an increase of 53.0% from HK$86,132 in the previous year[18] - Selling and distribution costs decreased to HK$83,147, down 13.0% from HK$95,562 in the previous year[18] - Administrative expenses decreased to HK$195,140, a reduction of 4.9% from HK$205,183 in 2023[18] - Interest expenses on lease liabilities and borrowings totaled HK$145.0 million, compared to HK$119.0 million in the previous year, reflecting an increase of 21.8%[100] Assets and Liabilities - Non-current assets rose to HK$12,477,022,000 from HK$11,547,152,000, indicating an increase of about 8%[28] - Current assets decreased to HK$8,276,417,000 from HK$8,817,403,000, reflecting a decline of approximately 6%[29] - Total liabilities increased to HK$10,267,826,000 from HK$10,022,219,000, representing a rise of 2.5%[85] - Total segment assets as of 30 September 2024 amounted to HK$20,447,163,000, up from HK$19,711,482,000 as of 31 March 2024, indicating a growth of 3.7%[85] Cash Flow and Financing - The company reported a net cash used in operating activities of HK$432.781 million, compared to HK$447.234 million in the same period last year[35] - Cash and cash equivalents at the end of the period decreased to HK$1,930,284,000 from HK$2,376,450,000, a decline of 18.8%[37] - Net cash from financing activities was HK$123,657,000, down 73.8% from HK$471,337,000 in the previous year[37] - The drawn down of bank and other borrowings was HK$1,168,699,000, compared to HK$1,734,499,000, a decrease of 32.6%[37] Investments and Financial Performance - Finance income increased significantly to HK$63,422, up 64.1% from HK$38,648 in 2023[18] - The company reported an unrealized loss on investments at fair value through profit or loss of HK$53,134, indicating challenges in investment performance[66] - The net gain on investments at fair value was HK$5.2 million, a significant recovery from a loss of HK$53.4 million in the previous year[97] - The company recognized revenue from contracts with customers of HK$2,760,686, with HK$2,108,136 recognized at a point in time and HK$890,224 recognized over time[54] Dividends and Shareholder Returns - An interim dividend of HK$0.08 per share has been declared, compared to HK$0.06 per share in the previous year, reflecting a 33% increase[124] - Dividends paid decreased to HK$42,265,000 from HK$84,540,000, a reduction of 50% year-over-year[37] - The final dividend for the 2023/24 fiscal year was HK$0.14 per share, totaling HK$42,270,000, which was paid on 20 September 2024[119] Segment Performance - Segment revenue from construction and engineering was HK$2,759,264, while healthcare investment generated HK$96,973, and car dealership contributed HK$390,253[54] - The group reported a segment profit before finance costs of HK$232,880, compared to HK$206,184 in the previous year, indicating an increase of about 12.96%[64] - Revenue from the Construction and Engineering segment increased by 10% from HK$2,511 million to HK$2,759 million, although segment profit before net finance costs decreased by 38% to HK$121 million[192] Market and Operational Insights - The company plans to continue focusing on market expansion and new product development to drive future growth[58] - The company continues to expand its operations across various regions, including Hong Kong, Mainland China, and the USA, enhancing its market presence[86] - The construction division has successfully integrated Modular Integrated Construction (MiC) technology in projects, enhancing quantity, speed, efficiency, and quality[196] Financial Risk Management - The Group is exposed to various financial risks, including market risk, credit risk, and liquidity risk[174] - The Group's financial risk management policies have remained unchanged since March 31, 2024[175]
CHEVALIER INT'L(00025) - 2025 - 中期财报