Revenue Performance - The group's total 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[5] - 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[12] - 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[12] - Revenue for the six months ended December 31, 2024, was HKD 314,567,000, an increase of 16.7% compared to HKD 269,527,000 for the same period in 2023[45] - 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[57] Profit and Loss - The group recorded a profit of approximately HKD 2.0 million for the period, compared to a loss of HKD 2.4 million in the same period of 2023, primarily due to a reduction in administrative expenses[17] - The company reported a profit of HKD 1,965,000 for the period, compared to a loss of HKD 2,435,000 in the previous year[45] - The company reported a pre-tax profit of HKD 2,128,000 for the six months ended December 31, 2024, compared to a pre-tax loss of HKD 2,427,000 for the same period in 2023[57] - The basic loss per share for the six months ended December 31, 2024, was HKD 0.03, an improvement from a loss of HKD 0.04 per share in the same period of 2023[65] Administrative Expenses - Administrative expenses decreased by approximately HKD 4.1 million or 19.2% to about HKD 17.2 million, down from approximately HKD 21.3 million in the same period of 2023[15] - Administrative expenses decreased to HKD 17,178,000 from HKD 21,275,000, reflecting a reduction of 19.5%[45] Contracts and Projects - 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[6] - The group completed one building maintenance contract during the period[6] - The group was awarded 13 renovation contracts with an estimated total value of approximately HKD 120.0 million during the period, of which two contracts commenced within the same period[10] Cash and Bank Balances - The group's cash and bank balances totaled approximately HKD 40.0 million as of December 31, 2024, down from HKD 46.7 million as of June 30, 2024[18] - The company's cash and cash equivalents decreased to HKD 40,031,000 from HKD 46,677,000, a reduction of approximately 14.0%[51] 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[31] - Another major shareholder, Wen Ting, owns 507,450,000 shares, accounting for 9.07% of the total shares issued as of December 31, 2024[31] Financial Position - The total assets amounted to HKD 219,452,000, showing a slight increase from HKD 216,808,000 as of June 30, 2024[46] - The total liabilities decreased from HKD 83,075,000 to HKD 82,075,000, indicating a reduction of approximately 1.2%[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[60] - The total equity attributable to the owners of the company increased to HKD 135,779,000 from HKD 133,827,000, representing a growth of about 1.5%[48] Future Outlook - The company anticipates stable growth in the building maintenance and renovation contracting services sector in Hong Kong due to economic recovery and ongoing public sector spending on infrastructure and residential projects[28] - 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[28] Employee Information - The group employed approximately 150 employees as of December 31, 2024, an increase from 148 employees as of June 30, 2024[25] - The total compensation for directors and key management personnel for the six months ended December 31, 2024, is 8,312,000 HKD, an increase from 5,716,000 HKD in the same period of 2023[75] Dividends - The board does not recommend the payment of an interim dividend for the six months ended December 31, 2024, compared to zero in the previous year[27] - The company did not recommend an interim dividend for the six months ended December 31, 2024, consistent with the previous year[64] Compliance and Governance - The company maintained compliance with the public float requirements as per the listing rules throughout the reporting period[42] - The audit committee reviewed the interim financial results, which were not audited but complied with applicable accounting standards[43] - The company has adopted a share option scheme to attract and retain high-quality employees, with a limit of 10% of issued shares for options granted[33] - The company has not granted any stock options since the adoption of the stock option plan on December 18, 2014, and there are no unexercised stock options as of June 30, 2024, and December 31, 2024[70]
中国供应链产业(03708) - 2025 - 中期财报