Financial Performance - For the six months ended September 30, 2025, Million Hope Industries Holdings Limited reported unaudited consolidated revenue of HKD 143.9 million, a decrease of 47.0% compared to HKD 271.7 million for the same period in 2024[3]. - The group's gross profit for the same period was HKD 13.5 million, with a gross profit margin of 9.4%, up from a gross profit of HKD 20.2 million and a margin of 7.4% in the previous year[4]. - The unaudited consolidated profit attributable to owners of the company was HKD 900,000, a significant decrease of 86.8% from HKD 6.8 million in the same period last year[4]. - Basic and diluted earnings per share for the six months ended September 30, 2025, were HKD 0.22, down 86.6% from HKD 1.64 in the prior year[5]. - The pre-tax profit for the six months ended September 30, 2025, was HKD 2,788,000, slightly down from HKD 2,803,000 in 2024[21]. Dividends - The board declared an interim dividend of HKD 0.3 per share for the six months ended September 30, 2025, compared to HKD 0.5 per share for the same period in 2024[6]. - The company declared an interim dividend of HKD 0.8 cents per share, totaling HKD 3,253,000, compared to HKD 1.7 cents per share and HKD 6,987,000 in the previous year[24]. Revenue Breakdown - Revenue from the design, supply, and installation of curtain walls and aluminum doors and windows for new buildings was HKD 70,304,000, down from HKD 227,964,000 in 2024, representing a decline of 69%[16]. - Revenue from maintenance, repair, and other services increased to HKD 30,422,000 from HKD 8,513,000, showing a growth of 258%[16]. - Revenue from Hong Kong was HKD 142,157,000, down from HKD 260,210,000 in 2024, indicating a decline of 45%[19]. - Revenue from mainland China was HKD 1,753,000, significantly down from HKD 11,466,000 in 2024, reflecting a decrease of 85%[19]. Assets and Liabilities - The group's total assets as of September 30, 2025, were HKD 555.9 million, slightly down from HKD 560.4 million as of March 31, 2025[10]. - Current liabilities amounted to HKD 63.4 million, a decrease from HKD 67.8 million in the previous period[10]. - The group's cash and cash equivalents were HKD 172.7 million as of September 30, 2025, down from HKD 218.6 million as of March 31, 2025[10]. - The group's current assets net value as of September 30, 2025, was HKD 344.6 million, slightly down from HKD 346.2 million as of March 31, 2025[45]. - The current ratio (current assets divided by current liabilities) improved to 6.4 times as of September 30, 2025, compared to 6.1 times as of March 31, 2025[45]. Market Conditions - The company experienced project delays and a downturn in the property and construction market, contributing to the significant revenue decline[3]. - The construction volume for private residential projects in the first half of 2025 was only 6,100 units, a significant decrease of 57% compared to 14,200 units in the same period of 2024[41]. - Private residential property prices increased by 1.14% in the first nine months of the year, indicating a stabilization in the market[42]. - The company anticipates that the private residential market will gain momentum due to an increase in non-local student numbers, projected to reach 92,000 in the 2024/25 academic year, an 84% increase from 2020[42]. - The company expects to see more construction projects launched as developers regain confidence in the market[42]. Shareholder Actions - The company repurchased a total of 982,000 shares for approximately HKD 443,000, with 912,000 shares canceled during the reporting period[34]. - The group repurchased 982,000 shares at a total cost of approximately HKD 443,000 during the six months ending September 30, 2025[56]. - As of September 30, 2025, the company had repurchased a total of 982,000 shares at an average price of HKD 0.450 per share, with total transaction costs amounting to HKD 443,000[57]. Employee Information - The group employed 250 full-time employees as of September 30, 2025, with 113 employees located in mainland China[59]. - The company has implemented a competitive compensation package for employees, including discretionary bonuses, stock options, and cash allowances, along with retirement plans and medical benefits[59]. Other Financial Information - The group recognized right-of-use assets of HKD 132,000 for the six months ended September 30, 2025, down from HKD 1,064,000 for the same period in 2024[31]. - The fair value of investment properties as of September 30, 2025, was HKD 25,800,000, a decrease from HKD 26,700,000 as of March 31, 2025[29]. - The company reported a tax expense of HKD 28,000 for the six months ended September 30, 2025, compared to HKD 522,000 in 2024[23]. - The group acquired properties, plants, and equipment amounting to HKD 274,000 for the six months ended September 30, 2025, compared to HKD 543,000 for the same period in 2024[30]. - The accounts receivable aging analysis showed a total of HKD 72,097,000 as of September 30, 2025, compared to HKD 72,758,000 as of March 31, 2025[32]. - The accounts payable aging analysis indicated total payables of HKD 4,335,000 as of September 30, 2025, down from HKD 7,075,000 as of March 31, 2025[33]. - The group held performance guarantees of HKD 123.6 million related to construction contracts as of September 30, 2025, up from HKD 122.8 million as of March 31, 2025[51]. - The group's investment in joint ventures amounted to HKD 78.1 million as of September 30, 2025, an increase from HKD 77 million as of March 31, 2025[48]. - No significant acquisitions or disposals were reported during the six months ending September 30, 2025[49]. - The group did not have any bank loans as of September 30, 2025, maintaining a net cash position[45]. - The interim financial statements for the six months ending September 30, 2025, have been reviewed by the audit committee and are unaudited[60].
美亨实业(01897) - 2026 - 中期业绩