Financial Performance - Revenue for the six months ended December 31, 2024, increased to HK$251,185,000, up 5.4% from HK$237,162,000 in the same period of 2023[8] - Gross profit for the same period rose to HK$16,945,000, compared to HK$15,174,000, reflecting a gross margin improvement[8] - The company reported a loss before taxation of HK$3,024,000, a decline from a profit of HK$4,908,000 in the prior year[8] - Loss for the period attributable to owners of the Company was HK$3,421,000, compared to a profit of HK$4,580,000 in the previous year[10] - Total comprehensive loss for the period was HK$3,453,000, down from a comprehensive income of HK$4,751,000 in the same period last year[10] - Basic and diluted loss per share was HK$0.63, compared to earnings per share of HK$0.89 in the previous year[10] - For the six months ended December 31, 2024, the company reported a total comprehensive loss of HK$3,453,000, compared to a total comprehensive income of HK$4,942,000 for the same period in 2023[15][16] Assets and Liabilities - Non-current assets decreased to HK$61,390,000 as of December 31, 2024, from HK$62,207,000 as of June 30, 2024[12] - Current assets totaled HK$229,157,000, slightly down from HK$231,291,000 as of June 30, 2024[12] - Net current assets increased to HK$132,502,000 from HK$130,985,000 as of June 30, 2024[12] - Total equity attributable to owners of the Company decreased to HK$190,385,000 from HK$193,838,000[12] - The total liabilities as of December 31, 2024, were HK$97,191,000, a decrease from HK$100,980,000 as of June 30, 2024[52] Cash Flow - The net cash generated from operating activities for the six months ended December 31, 2024, was HK$5,233,000, a significant improvement from a cash outflow of HK$378,000 in the previous year[29] - The company experienced a net cash outflow of HK$613,000 from investing activities, which is a reduction compared to HK$6,199,000 in the prior period[29] - Cash and cash equivalents at the end of the period increased to HK$107,037,000, up from HK$83,811,000 at the end of December 2023[29] Segment Performance - Revenue from Environmental and Cleaning services was HK$249,218,000, up from HK$236,063,000, reflecting a growth of 5.6% year-over-year[45][50] - Reportable segment profits for Environmental and Cleaning services were HK$3,221,000, while Money Lending generated profits of HK$1,140,000, totaling HK$4,412,000 for the Group[48] - The Group incurred a loss before taxation of HK$3,024,000 for the six months ended December 31, 2024, compared to a profit before taxation of HK$4,908,000 for the same period in 2023[48][50] Impairment and Losses - The Group recognized an impairment loss of approximately HK$49.1 million on past due loans and interest receivables due to defaults from borrowers affected by economic challenges in Hong Kong and the PRC[121] - The company's accumulated losses increased to HK$31,216,000 as of December 31, 2024, compared to HK$18,355,000 at the end of December 2023[15][16] Management and Governance - The Board does not recommend the payment of any dividend for the six months ended December 31, 2024[153] - The Group continues to strengthen its risk management policy and streamline its loan portfolio to reduce exposure to high-risk loans amid economic downturn threats in Hong Kong and the PRC[144] - The Company has adopted a code of conduct for securities transactions by Directors, compliant with GEM Listing Rules, with no reported non-compliance during the six months ended December 31, 2024[194] Employee and Management Compensation - Total emoluments payable to key management personnel for the six months ended 31 December 2024 were approximately HK$4.07 million, compared to HK$2.86 million for the same period in 2023[107][109] - As of 31 December 2024, the Group had 1,679 employees, with remuneration practices aligned with market standards, including competitive packages and training[171] Market Conditions and Challenges - The Group is facing intensified labor market competition in Hong Kong, with a higher turnover rate in the environmental and cleaning services industry, prompting the need for efficient workflows and stringent cost control measures[139] - The Group's money lending business has faced challenges due to prolonged Sino-US trade tensions, impacting borrowers' ability to repay loans[121] Shareholder Information - As of 31 December 2024, Mr. Yu Shaoheng held a beneficial interest of 356,536,631 shares, representing 64.91% of the total issued share capital[182] - Mr. Yu Weiye and Ms. Mui Fong each held 54,431,400 shares, representing 10.08% of the total issued share capital, with Ms. Mui deemed to have an interest in these shares[187]
宝联控股(08201) - 2025 - 中期业绩