建鹏控股(01722) - 2025 - 中期财报

Corporate Information Board of Directors and Committees The company's board comprises executive and independent non-executive directors, with audit, remuneration, and nomination committees; Mr. Chan Wai Keung resigned as executive director on May 18, 2025, and Ms. Xu Fenglan and Mr. Zhang Jianrong were appointed to the nomination committee on June 27, 2025 - Executive Director Mr. Chan Wai Keung resigned on May 18, 2025[3] - Ms. Xu Fenglan and Mr. Zhang Jianrong were appointed as members of the Nomination Committee on June 27, 2025[4] Company Details and Contacts The company is registered in the Cayman Islands, with principal places of business in Macau and Hong Kong; its auditor is Kin Dao Lin Shing CPA Limited, and main bankers include Bank of China Macau Branch and Bank of China (Hong Kong) Limited; the company's stock code is 1722 - The company's registered office is in the Cayman Islands, with its principal place of business in Hong Kong on Queen's Road Central and Macau headquarters in Alameda Dr. Carlos d'Assumpção[4][5][6][7] - The company's stock code is 1722, and its official website is www.kinpang.com.mo[9](index=9&type=chunk) Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income For the six months ended June 30, 2025, the company achieved a profit of 427 thousand MOP, a significant improvement from a loss of 11,248 thousand MOP in the prior year, with revenue growing by 3.1% and gross profit substantially increasing, turning operating loss into profit Key Income Statement Data (For the six months ended June 30) | Metric | 2025 (thousand MOP) | 2024 (thousand MOP) | 变化 (%) | | :--- | :--- | :--- | :--- | | Revenue | 348,671 | 338,279 | 3.1% | | Direct Costs | (333,333) | (333,755) | -0.1% | | Gross Profit | 15,338 | 4,524 | 239.0% | | Other Income and Gains/(Losses) | 1,097 | 1,340 | -18.1% | | Administrative Expenses | (13,538) | (16,200) | -16.4% | | Operating Profit/(Loss) | 3,018 | (9,458) | 131.9% | | Finance Costs | (2,136) | (1,807) | 18.2% | | Profit/(Loss) Before Income Tax | 882 | (11,265) | 107.8% | | Income Tax (Expense)/Credit | (455) | 17 | -2776.5% | | Profit/(Loss) and Total Comprehensive Income/(Loss) for the Period | 427 | (11,248) | 103.8% | | Basic and Diluted Earnings/(Loss) Per Share (Macau cents) | 0.04 | (1.02) | 103.9% | Unaudited Condensed Consolidated Statement of Financial Position As of June 30, 2025, total assets were 426,367 thousand MOP, a decrease from 443,006 thousand MOP at year-end 2024, with total liabilities and equity also decreasing, but total equity slightly increasing, indicating a stable financial structure Key Financial Position Data (As of June 30) | Metric | 2025年6月30日 (thousand MOP) | 2024年12月31日 (thousand MOP) | 变化 (%) | | :--- | :--- | :--- | :--- | | Assets | | | | | Non-current Assets | 123,326 | 125,895 | -2.0% | | Current Assets | 303,041 | 317,111 | -4.4% | | Total Assets | 426,367 | 443,006 | -3.8% | | Equity | | | | | Share Capital | 11,330 | 11,330 | 0.0% | | Reserves | 149,876 | 149,449 | 0.3% | | Total Equity | 161,206 | 160,779 | 0.3% | | Liabilities | | | | | Non-current Liabilities | 1,163 | 532 | 118.6% | | Current Liabilities | 263,998 | 281,695 | -6.3% | | Total Liabilities | 265,161 | 282,227 | -6.0% | | Total Equity and Liabilities | 426,367 | 443,006 | -3.8% | Unaudited Condensed Consolidated Statement of Changes in Equity For the six months ended June 30, 2025, total equity increased from 160,779 thousand MOP at the beginning of the period to 161,206 thousand MOP, primarily due to profit contributions during the period Key Statement of Changes in Equity Data (For the six months ended June 30) | Metric | 2025 (thousand MOP) | 2024 (thousand MOP) | | :--- | :--- | :--- | | Total Equity at Beginning of Period | 160,779 | 178,470 | | Profit/(Loss) and Total Comprehensive Income/(Loss) for the Period | 427 | (11,248) | | Total Equity at End of Period | 161,206 | 167,222 | Unaudited Condensed Consolidated Statement of Cash Flows For the six months ended June 30, 2025, net cash flow from operating activities significantly improved, turning from a net outflow to a net inflow of 24,417 thousand MOP, while cash outflow from investing activities increased, and cash outflow from financing activities decreased, resulting in a slight decrease in cash and cash equivalents at period-end Key Cash Flow Statement Data (For the six months ended June 30) | Metric | 2025 (thousand MOP) | 2024 (thousand MOP) | | :--- | :--- | :--- | | Net Cash From/(Used In) Operating Activities | 24,417 | (7,628) | | Net Cash From/(Used In) Investing Activities | (12,870) | 3,635 | | Net Cash From/(Used In) Financing Activities | (11,729) | 13,506 | | Net (Decrease)/Increase in Cash and Cash Equivalents | (182) | 9,513 | | Cash and Cash Equivalents at End of Period | 28,519 | 28,465 | Notes to the Unaudited Condensed Consolidated Financial Statements 1 General Information The company (Kin Pang Holdings Limited) is registered in the Cayman Islands, primarily providing civil engineering services in Macau and Hong Kong, with Mr. Kung Kin Yee and his spouse Ms. Xu Fenglan as the ultimate controlling parties - The company's principal business is civil engineering in Macau and Hong Kong[23][25] - The ultimate controlling parties are Mr. Kung Kin Yee (Chairman and CEO) and his spouse Ms. Xu Fenglan[21][24] 2 Basis of Preparation and Principal Accounting Policies The financial statements are prepared in accordance with HKAS 34 and the historical cost convention; the application of revised HKFRSs had no significant impact on the group's financial position and performance during the period - The financial statements are prepared in accordance with Hong Kong Accounting Standard 34 Interim Financial Reporting issued by the Hong Kong Institute of Certified Public Accountants[27][30] - The application of revised Hong Kong Financial Reporting Standards had no significant impact on the Group's financial position and performance during the period[29][32] 3 Segment Information The Group's primary operating segment is the provision of construction and ancillary services; for the six months ended June 30, 2025, segment revenue was **34