Staff and Employee Costs - The Group's total staff as of September 30, 2024, was 408, down from 507 in the previous year, indicating a reduction of approximately 19.6%[17] - Total staff costs for the Period were approximately HK$31.7 million, an increase of about 13.6% compared to approximately HK$27.9 million in the previous Period[17] - The Group had 408 employees as of September 30, 2024, down from 507 employees as of September 30, 2023[38] - Total employee costs for the period were approximately HK$31.7 million, compared to approximately HK$27.9 million in the previous period[38] Financial Performance - The Company did not recommend the payment of any interim dividend to shareholders for the Period[20] - The Board did not recommend the payment of an interim dividend for the period[39] - The Group reported a net loss of approximately HK$7.4 million for the Period, compared to a net profit of HK$5.7 million in the Previous Period, with the net profit margin not applicable for the Period[52] - The company reported a loss for the period of HK$7,367, compared to a profit of HK$5,692 in the same period last year[88] - Profit attributable to equity holders for the six months ended September 30, 2024, was a loss of HK$7,367,000 compared to a profit of HK$5,692,000 in 2023, representing a significant decline[119] Revenue and Segment Performance - Revenue from construction machinery trading decreased by approximately HK$12.8 million, or approximately 81.7%, from approximately HK$15.7 million in the previous period to approximately HK$2.9 million for the period[48] - Revenue from property management services increased by approximately HK$15.9 million, or approximately 55.3%, from approximately HK$28.7 million in the previous period to approximately HK$44.6 million for the period[48] - Revenue from property leasing, subletting, retail, and other businesses decreased by approximately HK$29.8 million, or approximately 48.7%, from approximately HK$61.2 million in the previous period to approximately HK$31.4 million for the period[48] - Revenue for the six months ended September 30, 2024, was HK$110,831,000, down 27.5% from HK$152,965,000 in 2023[129] - Revenue from leasing machinery and related services decreased to HK$30,185,000, a decline of 33.9% from HK$45,602,000 in the previous year[129] - Property management services revenue increased to HK$44,611,000, up 55.2% from HK$28,724,000 in 2023[129] - Money lending revenue decreased to HK$31,418,000, down 48.5% from HK$61,209,000 in 2023[129] Costs and Expenses - Cost of sales and services amounted to approximately HK$83.0 million for the period, representing a decrease of approximately 33.9% from approximately HK$125.6 million in the previous period[48] - The decrease in cost of sales and services was generally in line with the decline in revenue[48] - Administrative expenses increased by approximately HK$13.7 million, or 67.1%, from HK$20.4 million in the Previous Period to HK$34.1 million, largely due to the reclassification of staff salary expenses[50] - Total cost of sales and services and administrative expenses decreased from HK$146.0 million to HK$117.0 million, a reduction of approximately 19.9%[168] Assets and Liabilities - As of September 30, 2024, the Group had cash and cash equivalents of approximately HK$44.4 million, an increase from approximately HK$34.3 million as of March 31, 2024[52] - The Group's total current assets and current liabilities were approximately HK$226.4 million and HK$111.8 million, respectively, resulting in a current ratio of approximately 2.0 times[52] - Total liabilities increased to HK$131,190,000 as of September 30, 2024, compared to HK$117,677,000 as of March 31, 2024[68] - Trade receivables increased from HK$121.2 million to HK$164.7 million, indicating a rise of approximately 36.0%[177] - Trade payables rose significantly to HK$47,503,000 as of September 30, 2024, from HK$21,140,000 as of March 31, 2024, marking an increase of 124%[194] Corporate Governance and Compliance - The Company has fully complied with the Corporate Governance Code during the Period[1] - The Audit Committee reviewed the unaudited interim condensed consolidated financial statements for the Period[6] - The Company has adopted the Model Code for Securities Transactions by Directors and confirmed compliance by all Directors during the Period[5] - The interim financial statements have been prepared in accordance with Hong Kong Accounting Standard 34, ensuring compliance with local regulations[79] Future Outlook and Strategy - The Group plans to maintain low leverage to navigate challenging market conditions, with a focus on the long-term prospects of the Greater Bay Area[165] - The company is focusing on a conservative approach in acquiring new business opportunities[163] - Future outlook includes potential market expansion and new product development strategies[164]
兆邦基生活(01660) - 2025 - 中期财报