Financial Performance - The group's revenue for the six months ended June 30, 2025, was approximately HKD 60.79 million, representing a 85.5% increase compared to HKD 32.79 million for the same period in 2024[3] - The loss attributable to equity holders for the six months ended June 30, 2025, was approximately HKD 7.8 million, a slight improvement from a loss of HKD 8.1 million for the same period in 2024[3] - The basic and diluted loss per share for the six months ended June 30, 2025, was approximately HKD 0.46, compared to HKD 0.48 for the same period in 2024[3] - The total comprehensive loss for the six months ended June 30, 2025, was approximately HKD 7.72 million, an improvement from HKD 8.13 million for the same period in 2024[4] - For the six months ended June 30, 2025, the company reported a loss before tax of HKD 11,322,000, compared to HKD 13,409,000 for the same period in 2024, representing a decrease of approximately 15.5%[25] - The company reported a basic loss attributable to equity holders of HKD 7,772,000 for the six months ended June 30, 2025, compared to a loss of HKD 8,134,000 for the same period in 2024[31] - As of June 30, 2025, the net loss amounted to approximately HKD 7.8 million, a decrease from HKD 8.1 million for the same period in 2024, resulting in a net loss margin of about 12.8% compared to 24.8% in 2024[79] Revenue Breakdown - Revenue from construction and engineering services was HKD 51,393,000, up from HKD 24,642,000, indicating a growth of 108%[13] - Revenue from luxury goods sales increased to HKD 5,005,000 from HKD 3,486,000, reflecting a rise of 43.6%[13] - The group reported segment revenue of HK$60,789,000 for the six months ended June 30, 2025, with contributions from construction and engineering services (HK$51,393,000), property-related services (HK$4,391,000), and luxury goods sales (HK$5,005,000) [15] - The revenue from public sector projects accounted for approximately 88.6% of the construction and engineering services revenue, up from 80.6% in the previous year[56] - The group recorded revenue of approximately HKD 4.4 million from property management consulting services, a slight increase from HKD 4.3 million in the previous year[58] - Revenue from property-related services decreased by approximately HKD 0.3 million to approximately HKD 4.4 million for the six months ending June 30, 2025, primarily due to the absence of property leasing agency fees[67] Expenses and Costs - Administrative expenses for the six months ended June 30, 2025, were approximately HKD 8.38 million, down from HKD 12.93 million in the same period of 2024, reflecting cost control measures[4] - Employee compensation costs amounted to HKD 10,845,000 for the six months ended June 30, 2025, down from HKD 12,952,000 in 2024, indicating a reduction of about 16.3%[25] - The total employee costs for the six months ended June 30, 2025, were approximately HKD 11.3 million, a decrease from HKD 13.4 million for the same period in 2024[89] - The gross profit for the six months ended June 30, 2025, was approximately HKD 2.82 million, compared to HKD 2.38 million for the same period in 2024, indicating a positive trend in profitability[4] - The gross profit margin for the six months ending June 30, 2025, was approximately 4.6%, down from approximately 7.3% for the six months ending June 30, 2024[69] Assets and Liabilities - Current assets totaled HKD 177,814,000 as of June 30, 2025, compared to HKD 184,883,000 as of December 31, 2024, showing a decrease of 3.6%[5] - The company’s total equity was HKD 153,752,000 as of June 30, 2025, down from HKD 161,471,000, representing a decline of 4.8%[5] - The company has no bank borrowings as of June 30, 2025, and other borrowings consist of lease liabilities of approximately HKD 1.9 million[82] - The company’s total liabilities, including trade payables and accrued expenses, are reported at HKD 24,385,000, slightly up from HKD 24,180,000[39] Market and Strategic Initiatives - The company plans to expand its market presence through new strategies and product development initiatives[21] - The group plans to continue expanding its luxury goods sales segment to enhance its market presence and revenue diversification[14] - The group aims to balance winning bids with maintaining reasonable profit margins, which may result in some tenders not being successful[59] - The company plans to seek other business opportunities in property-related services and explore potential partnerships with new suppliers to mitigate business risks[66] Compliance and Governance - The financial report was prepared in accordance with the Hong Kong Financial Reporting Standards, ensuring compliance with local regulations[8] - The company has adopted and complied with the corporate governance code as per the listing rules[94] - The interim results announcement will be published on the Hong Kong Stock Exchange and the company's website[100] - The financial statements were approved for publication by the board of directors on August 28, 2025[7] Legal and Risk Management - The group has ongoing claims and potential liabilities related to employee compensation and personal injury, but the board believes that these will not have a significant adverse impact on the group's operations and financial condition[52] - The group is actively managing its financial risks associated with ongoing legal claims, ensuring that adequate provisions are in place to mitigate potential impacts[52] - The board is confident that the ongoing legal matters will not require significant provisions in the interim financial statements, reflecting a stable outlook for the group's financial health[52]
致浩达控股(01707) - 2025 - 中期业绩