K W NELSON GP(08411) - 2025 - 中期财报

Financial Highlights The Group's revenue increased by 42.7% to HK$12.264 million, with gross profit up 75.1% to HK$4.017 million, though loss attributable to owners expanded by 14.6% to HK$2.268 million Key Financial Performance for the Period | Indicator | 2025 H1 (HK$ thousand) | 2024 H1 (HK$ thousand) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 12,264 | 8,594 | 42.7% | | Gross Profit | 4,017 | 2,294 | 75.1% | | Loss Attributable to Owners of the Company | (2,268) | (1,979) | 14.6% (Loss expanded) | - Revenue increase primarily driven by office property and medical center projects[5] - The Board does not recommend an interim dividend for the period[5] Unaudited Condensed Consolidated Interim Financial Results Condensed Consolidated Interim Statement of Profit or Loss For the six months ended June 30, 2025, the Group's revenue significantly grew by 42.7% to HK$12.3 million, and gross profit increased by 75.1% to HK$4.0 million. However, due to increased selling and distribution expenses, administrative expenses, and impairment provision for trade receivables, the loss for the period expanded to HK$2.3 million Summary of Condensed Consolidated Interim Statement of Profit or Loss | Indicator | 2025 H1 (HK$ thousand) | 2024 H1 (HK$ thousand) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 12,264 | 8,594 | 42.7% | | Cost of Sales | (8,247) | (6,300) | 30.9% | | Gross Profit | 4,017 | 2,294 | 75.1% | | Other Income | 818 | 924 | -11.4% | | Selling and Distribution Expenses | (817) | (454) | 80.0% | | Administrative Expenses | (5,902) | (5,045) | 16.9% | | Impairment (Provision) / Reversal for Trade and Contract Assets | (276) | 315 | -187.6% | | Operating Loss | (2,160) | (1,966) | 9.9% | | Loss for the Period Attributable to Owners of the Company | (2,268) | (1,979) | 14.6% | | Basic and Diluted Loss Per Share (HK cents) | (0.24) | (0.21) | 14.3% | Condensed Consolidated Interim Statement of Comprehensive Income The total comprehensive loss attributable to owners of the Company for the period was HK$2.182 million, an increase from HK$2.029 million in the prior period, mainly due to increased loss for the period, partially offset by exchange differences from translating foreign operations recognized as income Summary of Condensed Consolidated Interim Statement of Comprehensive Income | Indicator | 2025 H1 (HK$ thousand) | 2024 H1 (HK$ thousand) | | :--- | :--- | :--- | | Loss for the Period | (2,268) | (1,979) | | Exchange Differences Arising from Translation of Foreign Operations | 86 | (15) | | Fair Value Changes of Financial Assets at Fair Value Through Other Comprehensive Income | – | (35) | | Other Comprehensive Income / (Loss) for the Period, Net of Tax | 86 | (50) | | Total Comprehensive Loss for the Period Attributable to Owners of the Company | (2,182) | (2,029) | Condensed Consolidated Interim Statement of Financial Position As of June 30, 2025, the Group's total assets slightly increased to HK$66.4 million, primarily due to a significant increase in cash and cash equivalents. Total equity slightly decreased to HK$59.6 million, while total liabilities significantly increased to HK$6.8 million, mainly due to an increase in contract liabilities Summary of Condensed Consolidated Interim Statement of Financial Position | Indicator | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Assets | | | | | Non-current Assets | 2,041 | 2,709 | -24.6% | | Current Assets | 64,368 | 63,406 | 1.5% | | Of which: Cash and Cash Equivalents | 46,139 | 9,040 | 410.4% | | Of which: Fixed Deposits with Original Maturity Over Three Months | 7,803 | 41,694 | -81.3% | | Total Assets | 66,409 | 66,115 | 0.4% | | Equity | | | | | Total Equity | 59,617 | 61,799 | -3.69% | | Liabilities | | | | | Non-current Liabilities | 925 | 1,042 | -11.3% | | Current Liabilities | 5,867 | 3,274 | 79.2% | | Of which: Contract Liabilities | 3,422 | – | N/A | | Total Liabilities | 6,792 | 4,316 | 57.4% | Condensed Consolidated Interim Statement of Changes in Equity For the six months ended June 30, 2025, total equity attributable to owners of the Company decreased from HK$61.8 million at the beginning of the year to HK$59.6 million, primarily due to a loss for the period of HK$2.268 million, partially offset by an increase in exchange reserve Summary of Condensed Consolidated Interim Statement of Changes in Equity | Indicator | January 1, 2025 (HK$ thousand) | Loss for the Period (HK$ thousand) | Other Comprehensive Income (HK$ thousand) | June 30, 2025 (HK$ thousand) | | :--- | :--- | :--- | :--- | :--- | | Total Equity | 61,799 | (2,268) | 86 | 59,617 | Condensed Consolidated Interim Statement of Cash Flows For the six months ended June 30, 2025, the Group's net increase in cash and cash equivalents was HK$37.0 million, mainly due to a significant increase in net cash from investing activities and a shift from cash used to cash generated from operating activities Summary of Condensed Consolidated Interim Statement of Cash Flows | Indicator | 2025 H1 (HK$ thousand) | 2024 H1 (HK$ thousand) | | :--- | :--- | :--- | | Net Cash Generated From / (Used In) Operating Activities | 2,769 | (3,766) | | Net Cash From Investing Activities | 34,484 | 24 | | Net Cash Used In Financing Activities | (240) | (321) | | Net Increase / (Decrease) in Cash and Cash Equivalents | 37,013 | (4,063) | | Cash and Cash Equivalents as at June 30 | 46,139 | 14,984 | - Net cash from investing activities significantly increased, primarily due to a HK$33.891 million decrease in fixed deposits with original maturity over three months[14] [Notes to