Revenue Performance - The group's revenue for the six months ended December 31, 2024, was approximately HKD 314.6 million, an increase of about HKD 45.1 million or 16.7% compared to HKD 269.5 million in the same period of 2023[7] - Revenue from building maintenance services increased by approximately HKD 40.9 million or 16.9% to about HKD 282.6 million, up from approximately HKD 241.7 million in the same period of 2023[14] - Revenue from renovation services rose by approximately HKD 4.0 million or 14.3% to about HKD 31.9 million, compared to approximately HKD 27.9 million in the same period of 2023[14] - For the six months ended December 31, 2024, the total segment revenue was HKD 314,567,000, an increase of 16.7% from HKD 269,527,000 for the same period in 2023[59] Profitability - Gross profit for the period was approximately HKD 17.5 million, a slight increase from HKD 17.0 million in the same period of 2023, with a gross profit margin of about 5.6%[15] - The company reported a profit before tax of HKD 2,128,000, a significant recovery from a loss of HKD 2,427,000 in the previous year[47] - Net profit for the period was HKD 1,965,000, compared to a loss of HKD 2,435,000 in the prior year[47] - The group recorded a profit of approximately HKD 2.0 million for the period, compared to a loss of HKD 2.4 million in 2023, primarily due to a reduction in administrative expenses[19] - The basic and diluted earnings per share for the period were HKD 0.03, recovering from a loss of HKD 0.04 per share in 2023[47] Expenses and Costs - Administrative expenses decreased by approximately HKD 4.1 million or 19.2% to about HKD 17.2 million, attributed to reduced operating costs[17] - Financing costs remained low at approximately HKD 131,000, an increase from HKD 64,000 in the same period of 2023, mainly due to increased lease liabilities[18] - The financing costs for the six months ended December 31, 2024, were HKD 131,000, up from HKD 64,000 in the same period of 2023[63] Cash Flow and Financial Position - As of December 31, 2024, the total cash and bank balances amounted to approximately HKD 40.0 million, down from HKD 46.7 million as of June 30, 2024[20] - The net cash used in operating activities was HKD 5,569,000, an improvement from HKD 25,973,000 in the previous year, indicating better cash flow management[53] - Cash and cash equivalents decreased to HKD 40,031,000 from HKD 46,677,000, reflecting a net decrease of HKD 6,646,000 during the period[53] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 219,452,000, slightly up from HKD 216,808,000 as of June 30, 2024[48] - The total liabilities increased to HKD 101,197,000 as of December 31, 2024, from HKD 99,789,000 as of June 30, 2024[62] - Current liabilities increased to HKD 98,947,000 from HKD 96,879,000, indicating a rise in operational obligations[48] Contracts and Business Operations - The group had three building maintenance contracts with an estimated total value of approximately HKD 1,345.7 million as of December 31, 2024, down from four contracts valued at approximately HKD 1,610.4 million as of June 30, 2024[8] - The group secured 13 renovation contracts with an estimated total value of approximately HKD 120.0 million during the reporting period, with two contracts starting within the same period[12] - The group completed one building maintenance contract during the reporting period[10] Shareholder Information - Major shareholder Huiya International Limited holds 3,268,750,000 shares, representing 58.43% of the total shares issued as of December 31, 2024[33] - Another significant shareholder, Wen Ting, owns 507,450,000 shares, accounting for 9.07% of the total shares[33] Corporate Governance - The company has maintained compliance with the corporate governance code throughout the reporting period, with no significant deviations noted[39] - The audit committee, chaired by Mr. Wang Xiaojia, has reviewed the interim financial results, ensuring compliance with applicable accounting standards[45] - The company confirms that it has maintained the required public float as per listing rules during the reporting period[44] Employee Information - The group employed approximately 150 staff as of December 31, 2024, an increase from 148 staff as of June 30, 2024[27] - The total short-term employee benefits for key management personnel amounted to HKD 8,312,000 for the six months ended December 31, 2024, an increase from HKD 5,716,000 for the same period in 2023[77] Future Outlook - The company anticipates stable growth in the building maintenance and renovation contracting services sector in Hong Kong, driven by economic recovery and ongoing public sector spending on infrastructure and residential projects[30] - The board will continue to review the company's financial position and operations, exploring opportunities for asset sales, acquisitions, business adjustments, and diversification to enhance long-term growth potential[30]
中国供应链产业(03708) - 2025 - 中期业绩