Financial Performance - For the six months ended September 30, 2024, Hanison Construction Holdings Limited recorded unaudited consolidated revenue of HK$984.3 million, representing an increase of 49.2% from HK$659.8 million for the corresponding period last year[9][11]. - Revenue for the six months ended September 30, 2024, was HK$984,330,000, representing a 49.0% increase from HK$659,779,000 in the same period of 2023[160]. - Gross profit increased to HK$61,624,000, up 30.2% from HK$47,297,000 year-over-year[160]. - Loss for the period was HK$193,082,000, compared to a loss of HK$108,083,000 in the prior year, indicating a 78.8% increase in losses[169]. - The basic loss per share for the six months ended September 30, 2024, was HK18.0 cents, compared to HK9.9 cents for the corresponding period last year, indicating an increase in loss[198]. - The diluted loss per share for the same period was also HK18.0 cents, consistent with the basic loss per share[198]. - The company reported a significant increase in losses year-over-year, with the current period's loss per share nearly doubling from the previous year's figures[199]. Revenue Contributions - The Construction Division was the primary contributor to the revenue increase, indicating strong performance in this segment[9][11]. - The Property Investment Division recorded revenue of HK$35.6 million for the six months ended September 30, 2024, compared to HK$37.2 million for the same period in 2023[25]. Assets and Liabilities - The company reported a net current assets position of HK$839,499,000, a significant improvement from a net current liabilities position of HK$365,632,000 as of March 31, 2024[163]. - Total assets less current liabilities increased to HK$4,429,102,000 from HK$3,812,749,000, reflecting a growth of 16.2%[163]. - Investment properties decreased to HK$2,197,980,000 from HK$2,743,080,000, a decline of 19.9%[171]. - Cash and cash equivalents were reported at HK$351,334,000, down from HK$441,485,000, a decrease of 20.4%[171]. Financing and Gearing - As of September 30, 2024, the Group's bank loans amounted to HK$1,431 million, with a collateral value of approximately HK$2,434.3 million[40]. - The Group's gearing ratio increased to 44.2% as of September 30, 2024, compared to 38.1% as of March 31, 2024[33]. - Loans to joint ventures decreased to HK$987 million as of September 30, 2024, from HK$1,036.6 million as of March 31, 2024[34]. - An impairment loss of HK$103 million was recognized on loans to joint ventures during the period ended September 30, 2024[38]. - The Group is focusing on generating positive cash flow and maintaining a low gearing ratio to enhance sustainability amid market challenges[51]. Market Opportunities - The Hong Kong government plans to provide approximately 410,000 public housing units over the next decade, exceeding the projected demand of 308,000 units, presenting substantial opportunities for the construction industry[27]. - The Northern Metropolis development is expected to contribute around 210,000 new housing units over the next 10 years, further supporting market growth[27]. - The Group has observed increased investment interest in student accommodation and senior housing, supported by government policies[51]. Operational Developments - The Group completed the disposal of certain shops in a residential property named "The Austine Place" in July 2024, indicating active asset management strategies[25]. - The development of a property at No. 57A Nga Tsin Wai Road is in progress and expected to be completed next year[44]. - The Group's proactive sales strategy aims to navigate current market challenges in the property sector[51]. - The construction and renovation business outlook remains optimistic despite intense market competition[50]. Employee and Governance - As of 30 September 2024, the Group had 548 employees, an increase from 545 employees as of 30 September 2023[120]. - Staff costs for the six months ended 30 September 2024 amounted to HK$91.2 million, up from HK$88.8 million for the same period in 2023, representing a 4.3% increase[120]. - The Company has complied with all applicable code provisions of the Corporate Governance Code throughout the six months ended 30 September 2024[123]. - The Company emphasizes a quality board of directors and transparency in its corporate governance principles[155]. Shareholder Information - As of September 30, 2024, the total number of issued shares of the Company is 1,073,074,676 shares[91]. - CCM Trust holds 487,702,041 shares, representing approximately 45.44% of the issued shares[108]. - Mingly Corporation holds 104,243,301 shares, accounting for 9.71% of the issued shares[108]. - The Company has a total of 22,146,000 share options available, with 21,398,000 options remaining after adjustments[106]. - The Existing Share Option Scheme has 109,092,467 options available for grant as of April 1, 2024, and September 30, 2024[102]. - Directors' shareholdings include Chan Pak Joe with 2,830,100 shares, representing 0.26% of the issued shares[98]. - Lau Tze Yiu, Peter holds 5,110,950 shares, which is approximately 0.47% of the issued shares[98]. - The Company has not received notifications of any new interests or short positions in shares from other parties as of September 30, 2024[114]. - The share options under the 2011 Share Option Scheme are set to expire on October 17, 2024[105]. - The total number of shares held by directors and their interests as of September 30, 2024, is recorded in compliance with the Securities and Futures Ordinance[97]. Audit and Compliance - The Company has engaged Deloitte Touche Tohmatsu to assist in reviewing the unaudited condensed consolidated financial statements for the six months ended 30 September 2024[158]. - No purchases, sales, or redemptions of the Company's listed securities occurred during the six months ended 30 September 2024[154]. - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[165].
兴胜创建(00896) - 2025 - 中期财报