万邦投资(00158) - 2025 - 中期财报

Financial Performance - Revenue for the six months ended March 31, 2025, was HK$81,947,000, representing a 2.6% increase from HK$79,888,000 in the same period of 2024[7] - Gross profit for the period was HK$62,514,000, up from HK$61,664,000, indicating a slight growth in profitability[7] - The company reported a loss before taxation of HK$132,776,000 compared to a profit of HK$27,787,000 in the previous year, reflecting a significant decline in financial performance[7] - Total comprehensive loss attributable to equity holders for the period was HK$133,629,000, a stark contrast to a comprehensive income of HK$20,128,000 in the prior year[7] - Basic and diluted loss per share was HK$(5.66), compared to earnings of HK$0.76 per share in the same period last year[7] - The Group reported a loss attributable to equity holders of HK$141,513,000 for the six months ended 31 March 2025, compared to a profit of HK$18,961,000 in 2024[57] - The net loss for the six months ended 31 March 2025 amounted to HK$141.51 million, a significant decline from a net profit of HK$18.96 million in 2024, primarily due to a fair value loss of investment properties of HK$192.32 million[92] Cash Flow and Liquidity - Net cash generated from operating activities was HK$68,390,000, an increase from HK$38,217,000 in the previous year, indicating improved cash flow from operations[11] - Cash and bank balances at the end of the period stood at HK$287,320,000, up from HK$242,435,000, showing a positive cash position[11] - As of 31 March 2025, the Group's cash and bank balances totaled HK$287.3 million, up from HK$265.1 million as of 30 September 2024[94] Dividends - The company distributed a final dividend of HK$45,000,000 for 2024, consistent with the previous year's distribution[10] - The interim dividend declared is HK$1.7 per share, down from HK$1.8 per share in 2024, totaling HK$42,500,000 for the six months ended 31 March 2025[55] - The Group declared an interim dividend of HK$1.7 per share for 2025, down from HK$1.8 per share in 2024[84] Assets and Equity - Non-current assets decreased to HK$6,714,575,000 from HK$6,897,816,000, primarily due to a reduction in investment properties[8] - Total equity at the end of the period was HK$6,920,468,000, down from HK$7,099,097,000, reflecting the impact of the loss for the period[9] - The net book value of investment properties decreased to HK$6,614,050,000 as of 31 March 2025, down from HK$7,039,000,000 as of 31 March 2024[60] Revenue Sources - Revenue from property investment for the six months ended 31 March 2025 was HK$81,947,000, an increase of 2.6% from HK$79,888,000 in the same period of 2024[46] - Rental income increased to HK$71,239,000, up from HK$69,578,000, reflecting a growth of 2.4% year-over-year[46] - The underlying operating profit from rental operations increased by 3% from HK$57.68 million to HK$59.54 million compared to the corresponding period of 2024[92] Fair Value and Investment Properties - The fair value loss of investment properties for the current period was HK$192.32 million, a substantial increase from HK$29.9 million in the corresponding period of 2024[92] - The decrease in fair values of investment properties was HK$192,319,000 for the six months ended 31 March 2025, compared to a decrease of HK$29,895,000 in the same period of 2024[46] - The fair value of financial assets at fair value through other comprehensive income (FVOCI) in level 3 increased to HK$70,632,000 as of 31 March 2025, up from HK$62,748,000 as of 30 September 2024, representing a growth of 12.5%[34] Corporate Governance and Compliance - The Company fully complied with the Corporate Governance Code during the financial period[117] - All Directors confirmed compliance with the Model Code regarding securities transactions during the six months ended March 31, 2025[124] - The Audit Committee reviewed the Unaudited Condensed Consolidated Interim Financial Information on May 26, 2025[116] Shareholder Information - Substantial shareholders include Cheng Yu Tung Family (Holdings) Limited and others, holding approximately 26.93% of the total issued shares[110] - Mr. Chung Yin Shu, Frederick holds a total of 12,003,375 shares, representing approximately 48.01% of the total issued shares as of March 31, 2025[105] - As of March 31, 2025, the total number of issued shares of the Company was 25,000,000 ordinary shares[114]