Financial Performance - For the six months ended September 30, 2024, the group recorded a gross profit of approximately HKD 7.2 million, a significant increase from HKD 55,000 for the same period in 2023, primarily due to increased revenue [9]. - The group's revenue from maintenance engineering reached HKD 19.1 million for the six months ended September 30, 2024, compared to HKD 6.6 million for the same period in 2023, reflecting a growth of approximately 188% [33]. - The group reported a pre-tax loss of HKD 2.5 million for the six months ended September 30, 2024, compared to a pre-tax profit of HKD 3.6 million for the same period in 2023 [25]. - For the six months ended September 30, 2024, the group recorded a profit of approximately HKD 3.6 million, compared to a loss of approximately HKD 2.5 million for the same period in 2023, primarily due to increased revenue [91]. - The company recorded a profit attributable to shareholders of HKD 3,577 for the six months ended September 30, 2024, compared to a loss of HKD 2,512 in the same period of 2023 [48]. Assets and Liabilities - The total assets of the group as of September 30, 2024, amounted to HKD 34.2 million, an increase from HKD 26.9 million as of September 30, 2023 [13]. - The net current assets of the group increased to HKD 14.4 million as of September 30, 2024, compared to HKD 10.6 million for the same period in 2023 [13]. - The group’s cash and cash equivalents decreased to HKD 366,000 as of September 30, 2024, from HKD 851,000 as of September 30, 2023 [13]. - The group recorded bank and other borrowings of approximately HKD 1.8 million as of September 30, 2024, compared to zero as of March 31, 2023 [93]. - As of September 30, 2024, the total lease liabilities amounted to approximately HKD 0.3 million, up from approximately HKD 0.2 million as of March 31, 2024 [93]. Expenses - The group’s administrative expenses for the six months ended September 30, 2024, were HKD 3.6 million, compared to HKD 3.5 million for the same period in 2023 [35]. - The group incurred employee costs totaling approximately HKD 3.9 million for the six months ended September 30, 2024, compared to approximately HKD 2.8 million for the same period in 2023 [101]. - Total employee costs for the six months ended September 30, 2024, amounted to HKD 3.857 million, compared to HKD 2.807 million for the same period in 2023, reflecting an increase of approximately 37.4% [160]. - The company reported a total employee cost increase driven by higher salaries and other allowances, which rose to HKD 2.743 million from HKD 1.888 million year-over-year, an increase of approximately 45.3% [160]. Revenue Sources - The group did not report any revenue from civil engineering for the six months ended September 30, 2024, maintaining the same status as the previous year [35]. - Other income decreased to approximately HKD 3,000 from about HKD 1.0 million due to the absence of government subsidies in the 2024 fiscal year [69]. - Revenue increased by approximately 188.8% from about HKD 6.6 million for the six months ended September 30, 2023, to about HKD 19.1 million for the six months ended September 30, 2024 [66]. Corporate Governance - The board is committed to good corporate governance as a key element in managing the group's business and affairs [147]. - The company has complied with all principles of the corporate governance code for the six months ended September 30, 2024 [150]. - The company has adopted a compliance manual for senior management regarding securities trading, with no known violations during the reporting period [151]. - The company’s board of directors remains unchanged during the reporting period, with no additional disclosures required [152]. Future Outlook - The company anticipates continued pressure on profit margins due to rising operational costs, including labor and materials [65]. - The group plans to continue focusing on maintenance and civil engineering projects in Hong Kong for the foreseeable future [84]. - The company has no plans for significant investments or capital assets as of the reporting date [122]. Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2024, consistent with the previous year [123]. - The board does not recommend the payment of an interim dividend for the six months ended September 30, 2024, unchanged from the previous year [189]. Employee Information - As of September 30, 2024, the group had a total of 10 employees, a decrease from 44 employees as of March 31, 2024 [100].
广骏集团控股(08516) - 2025 - 中期财报