Financial Performance - The revenue for the six months ended February 28, 2025, was approximately HKD 99,441,000, a decrease of 6.0% compared to HKD 105,913,000 for the same period in 2024[10]. - The gross profit for the period was approximately HKD 28,268,000, an increase of 3.0% from HKD 27,434,000 in 2024[10]. - The profit for the period was approximately HKD 4,542,000, down 33.0% from HKD 6,788,000 in the previous year[11]. - Total comprehensive income attributable to the company's owners for the six months ended February 28, 2025, was HKD 5,145,000, a decrease of 28.5% from HKD 7,203,000 in the same period of 2024[21]. - Basic earnings per share for the six months ended February 28, 2025, was HKD 0.284, down 33.1% from HKD 0.424 in the previous year[21]. Expenses and Costs - Administrative expenses increased to HKD 24,142,000 from HKD 20,780,000, reflecting a rise of 16.5%[18]. - Other income and gains decreased to HKD 779,000 from HKD 964,000, a decline of 19.1%[18]. - The company reported a pre-tax profit of HKD 5,215,000, down 29.5% from HKD 7,411,000 in the previous year[18]. - Financing costs increased to HKD 145,000 from HKD 125,000, a rise of 16.0%[18]. - Total employee costs increased to HKD 58,001,000 for the six months ended February 28, 2025, compared to HKD 51,545,000 in the prior year, an increase of 12.5%[58]. Cash Flow and Assets - Net cash used in operating activities for the six months ended February 28, 2025, was HKD (10,205,000), compared to HKD 13,235,000 generated in the same period of 2024[25]. - Cash and cash equivalents at the end of the period were HKD 20,246,000, a decrease of 36.0% from HKD 31,932,000 at the beginning of the period[25]. - Total assets less current liabilities amounted to HKD 93,161,000, an increase of 5.8% from HKD 88,626,000 in the previous period[23]. - Trade receivables increased significantly to HKD 42,253,000, up 43.3% from HKD 29,462,000 as of August 31, 2024[22]. - Non-current assets decreased to HKD 14,627,000 from HKD 14,737,000, reflecting a slight decline of 0.7%[22]. Segment Performance - Installation services generated revenue of HKD 40,466,000, down 21.3% from HKD 51,379,000 in the previous year[35]. - Maintenance services revenue increased by 12.9% to HKD 45,339,000 from HKD 40,274,000[35]. - Security services revenue decreased slightly to HKD 13,452,000 from HKD 14,163,000, a decline of 5.0%[35]. - The total segment profit for the installation and maintenance services was HKD 6,270,000, down from HKD 8,586,000, reflecting a decrease of 26.5%[40][42]. - The total segment profit for security services was HKD 633,000, compared to HKD 843,000, a decrease of 25.0%[40][42]. Corporate Governance - The company is committed to maintaining compliance with the GEM listing rules and ensuring the accuracy of its financial reporting[12]. - The audit committee, established on February 17, 2017, consists of four independent non-executive directors and is responsible for overseeing financial reporting and internal controls[131]. - The company has adopted the corporate governance code as per GEM Listing Rules, with a noted deviation regarding the roles of the Chairman and CEO[128]. - All directors and relevant employees have confirmed compliance with the trading code throughout the reporting period[129]. - The company has maintained good corporate governance practices in line with the corporate governance code, except for the noted deviation[128]. Shareholder Information - Dr. Wu holds 880,000,000 shares, representing approximately 55% of the total issued shares[118]. - Ms. Wang, as the spouse of Dr. Wu, also holds 880,000,000 shares, representing approximately 55% of the total issued shares[118]. - Mr. Yang holds 320,000,000 shares, representing approximately 20% of the total issued shares[123]. - The total number of issued shares as of February 28, 2025, is 1,600,000,000[119]. - There are no arrangements made for directors or senior management to acquire securities of the company or its affiliates outside of the disclosed share option scheme[125].
ECI TECH(08013) - 2025 - 中期财报