Financial Performance - Revenue for the six months ended June 30, 2025, was HKD 68,857,000, representing a 14.0% increase from HKD 60,210,000 in the same period of 2024[3] - Gross profit for the same period was HKD 18,177,000, up 43.9% from HKD 12,629,000 year-on-year[3] - The net profit for the six months ended June 30, 2025, was HKD 723,000, compared to a net loss of HKD 2,956,000 in the prior year[3] - Total comprehensive income for the period was HKD 2,793,000, a significant improvement from a total comprehensive loss of HKD 4,489,000 in the previous year[4] - Basic and diluted earnings per share for the period were HKD 0.04, compared to a loss per share of HKD 0.16 in the same period last year[4] - Revenue from Hong Kong increased to HKD 66,419,000, up 16.5% from HKD 57,009,000 in 2024[14] - The group reported a profit of HKD 723,000 for the six months ended June 30, 2025, compared to a loss of HKD 2,956,000 in the same period of 2024[22] - Revenue increased by approximately 14.4% from about HKD 60.2 million for the six months ended June 30, 2024, to about HKD 68.9 million for the six months ended June 30, 2025, driven by higher sales orders from customers[33] - The company's gross profit rose from approximately HKD 12.6 million for the six months ended June 30, 2024, to about HKD 18.2 million for the same period in 2025, reflecting the combined effect of revenue growth and effective cost management[35] Assets and Liabilities - Non-current assets as of June 30, 2025, totaled HKD 30,930,000, down from HKD 33,491,000 as of December 31, 2024[5] - Current assets decreased to HKD 170,146,000 from HKD 174,412,000 at the end of 2024[5] - The company's total liabilities decreased from HKD 38,929,000 in December 2024 to HKD 29,745,000 as of June 30, 2025[6] - The net asset value increased to HKD 170,130,000 from HKD 167,337,000 at the end of 2024[6] - The average credit period granted to trade customers is between 0 to 90 days, with a total accounts receivable of HKD 40,815,000 as of June 30, 2025[27] - Contract assets amounted to HKD 17,740,000 as of June 30, 2025, down from HKD 24,224,000 at the end of 2024[25] Expenses and Costs - The cost of sales for the six months ended June 30, 2025, was approximately HKD 50.7 million, an increase of about 6.5% from approximately HKD 47.6 million for the same period in 2024[34] - Administrative and other expenses increased by approximately HKD 1.3 million or about 9.1% to approximately HKD 15.7 million for the six months ended June 30, 2025, compared to approximately HKD 14.4 million for the same period in 2024[38] - The group's financing costs included lease liabilities interest expense of HKD 73,000 for the six months ended June 30, 2025, compared to HKD 93,000 in 2024[15] - The group recognized a net exchange gain of HKD (127,000) for the six months ended June 30, 2025, compared to HKD (203,000) in 2024[19] - As of June 30, 2025, the total employee cost for the six months was approximately HKD 17.0 million, a decrease from HKD 18.6 million for the same period in 2024[53] Investments and Dividends - The group did not declare any interim dividend for the six months ended June 30, 2025, consistent with the previous year[20] - The company did not have any significant investments or acquisitions during the six months ended June 30, 2025[46] - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2025, consistent with the previous period[52] Corporate Governance and Compliance - The audit committee reviewed the unaudited interim results for the six months ended June 30, 2025, and confirmed the accounting principles adopted by the company[58] - The company has complied with all applicable provisions of the corporate governance code during the reporting period[56] - The company will continue to review its corporate governance structure and make necessary adjustments as needed[56] Operational Challenges - The company continues to focus on the sales and manufacturing of low-voltage distribution and power control devices, maintaining a single operating segment[12] - The company faced challenges in the construction market due to a shortage of skilled labor and global supply chain disruptions, impacting project delivery timelines and operational costs[31] - The group had 219 full-time employees as of June 30, 2025, down from 221 as of December 31, 2024[53] Miscellaneous - The company had cash and cash equivalents of approximately HKD 72.7 million as of June 30, 2025, compared to approximately HKD 63.8 million as of December 31, 2024[42] - The company's operating working capital was approximately HKD 140.4 million as of June 30, 2025, compared to approximately HKD 135.5 million as of December 31, 2024[42] - There were no significant contingent liabilities as of June 30, 2025, the same as December 31, 2024[50] - There were no purchases, sales, or redemptions of the company's listed securities during the six months ended June 30, 2025[54] - No significant events occurred after the reporting period up to the date of the announcement[51] - The company has adopted a stock option plan since April 23, 2018, with no unexercised options as of the announcement date[57]
全达电器集团控股(01750) - 2025 - 中期业绩