Financial Performance - Revenue for the six months ended December 31, 2024, was HKD 14,460,000, a decrease of 35.3% compared to HKD 22,329,000 for the same period in 2023[3] - Gross profit for the same period was HKD 7,632,000, down 5.0% from HKD 8,037,000 year-over-year[3] - The company reported a loss before tax of HKD 74,572,000, compared to a loss of HKD 36,118,000 in the previous year, representing a 106.8% increase in losses[4] - Total comprehensive loss for the period was HKD 76,935,000, compared to HKD 39,361,000 in the prior year, indicating a 95.5% increase in losses[4] - Basic and diluted loss per share was HKD 2.33, compared to HKD 1.24 for the same period last year, reflecting an increase of 88.7%[4] - The company reported a total loss of HKD 73,879,000 for the six months ended December 31, 2024, compared to a loss of HKD 35,564,000 for the same period in 2023[20] - The group's loss for the period increased by HKD 38,315,000 or 108%, from HKD 35,564,000 for the six months ended December 31, 2023, to HKD 73,879,000 for the six months ended December 31, 2024[86] Asset and Liability Management - Non-current assets decreased to HKD 457,673,000 from HKD 474,052,000 as of June 30, 2024[5] - Current assets totaled HKD 712,976,000, down from HKD 799,621,000 as of June 30, 2024[5] - The company's net asset value decreased to HKD 695,597,000 from HKD 772,532,000[6] - Total assets as of December 31, 2024, amounted to HKD 1,170,649,000, while total liabilities were HKD 475,052,000[18] - As of December 31, 2024, the group's current assets were HKD 712,976,000, and current liabilities were HKD 377,857,000, resulting in a current ratio of approximately 1.9[87] - The total equity and total bank and other borrowings as of December 31, 2024, were HKD 695,597,000 and HKD 179,717,000, respectively[87] Revenue Breakdown - Property development revenue was HKD 7,693,000, down 58.3% from HKD 18,491,000 in the previous year[16] - Total rental income from investment properties increased to HKD 5,509,000, up 57.3% from HKD 3,501,000[13] - Revenue from Hong Kong increased to HKD 4,292,000, up 63.4% from HKD 2,627,000 in the previous year[26] - Revenue from China decreased significantly to HKD 10,168,000, down 48.2% from HKD 19,590,000 in the prior year[26] - The investment holding segment generated revenue of HKD 754,000, reflecting a decrease from the previous year[16] - The autonomous driving segment reported revenue of HKD 363,000, indicating ongoing development in this area[16] Expenses and Costs - Total employee costs rose to HKD 8,486,000, an increase of 32.5% from HKD 6,408,000 in the previous year[30] - The company's financing costs for the period were HKD 4,383,000, contributing to the overall loss[16] - Sales expenses rose by HKD 1,077,000 or 64%, from HKD 1,684,000 for the six months ended December 31, 2023, to HKD 2,761,000 for the six months ended December 31, 2024[82] - Administrative expenses decreased by HKD 2,322,000 or 16%, from HKD 14,820,000 for the six months ended December 31, 2023, to HKD 12,498,000 for the six months ended December 31, 2024[83] - Financing costs decreased by HKD 762,000 or 15%, from HKD 5,145,000 for the six months ended December 31, 2023, to HKD 4,383,000 for the six months ended December 31, 2024[85] Investment and Development - The company plans to adjust the intended use of proceeds from its fundraising activities[2] - The company plans to continue focusing on property development and investment, alongside exploring opportunities in autonomous driving technology[15] - The group plans to continue investing in research and development of various intelligent robots to maintain a competitive edge in the fast-developing autonomous driving market[72] - The company has signed but not delivered property sales amounting to approximately HKD 15,284,000 as of December 31, 2024[62] - The company has maintained compliance with all applicable provisions of the corporate governance code during the six months ending December 31, 2024, except for the separation of the roles of chairman and CEO[115] Legal and Compliance - The group has a loan receivable of HKD 19,394,000, which is unsecured and overdue, with a legal petition for compulsory liquidation filed due to non-repayment[45] - The group’s total liabilities include legal claim provisions amounting to HKD 42,478,000 as of December 31, 2024, slightly down from HKD 42,756,000[49] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ending December 31, 2024, which were formally approved by the board[117] - All directors confirmed compliance with the standards set forth in the code of conduct for securities transactions during the six months ending December 31, 2024[118]
诺科达科技(00519) - 2025 - 中期业绩