Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 154.08 million, an increase of approximately 15% from HKD 133.98 million for the same period in 2024[5] - Gross profit for the same period was HKD 13.87 million, a decrease of approximately 15.4% compared to HKD 16.39 million in 2024[5] - Profit attributable to equity holders was HKD 0.41 million, down approximately 62.5% from HKD 1.09 million in the previous year[5] - Basic earnings per share decreased to HKD 0.03, a decline of 66.67% from HKD 0.09 in the prior period[5] - The increase in revenue was primarily driven by a rise in installation service revenue by approximately HKD 9.97 million and an increase in alteration and addition works revenue by approximately HKD 9.36 million[5] - The company experienced a gross profit decline of approximately HKD 2.52 million due to rising material and labor costs, which outpaced revenue growth[5] - For the six months ended September 30, 2025, total revenue from external customers was HKD 154,075,000, an increase from HKD 133,976,000 for the same period in 2024, representing a growth of approximately 15.0%[21][24] - The profit before tax for the six months ended September 30, 2025, was HKD 588,000, compared to HKD 1,284,000 for the same period in 2024, showing a decline of approximately 54.2%[21][22] - The total other income and gains for the six months ended September 30, 2025, were HKD 849,000, compared to HKD 788,000 for the same period in 2024, representing an increase of approximately 7.7%[25] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 161.79 million, compared to HKD 163.59 million as of March 31, 2025[7] - Current assets totaled HKD 311.95 million, an increase from HKD 302.52 million as of March 31, 2025[7] - The company’s net asset value was HKD 158.70 million as of September 30, 2025, compared to HKD 158.29 million as of March 31, 2025[7] - Trade receivables net amount as of September 30, 2025, was HKD 9,484,000, a decrease from HKD 31,884,000 as of March 31, 2025[35] - Contract assets as of September 30, 2025, totaled HKD 225,941,000, up from HKD 198,728,000 as of March 31, 2025[36] - Contract liabilities as of September 30, 2025, were HKD 13,509,000, compared to HKD 15,003,000 as of March 31, 2025[37] - Trade payables as of September 30, 2025, increased to HKD 91,500,000 from HKD 77,236,000 as of March 31, 2025[38] - Total bank borrowings as of September 30, 2025, were HKD 35,780,000, a decrease from HKD 38,765,000 as of March 31, 2025[40] Cash Flow - The net cash generated from operating activities was HKD 12,823,000, down from HKD 17,127,000 in the previous year, indicating a decline of about 25.5%[9] - Cash and cash equivalents at the end of the period were HKD 63,716,000, compared to HKD 66,030,000 at the end of the previous year, reflecting a decrease of approximately 3.9%[9] - The net cash generated from investing activities was HKD 731,000, up from HKD 676,000 in the previous year, reflecting an increase of approximately 8.1%[9] - The cash used in financing activities was HKD 5,535,000, compared to HKD 4,385,000 in the previous year, indicating an increase of about 26.2%[9] Expenses - Administrative and other operating expenses decreased to HKD 13.94 million from HKD 14.79 million in the previous period[6] - The employee cost for the group was approximately HKD 17.22 million for the reporting period, compared to HKD 18.43 million for the six months ended September 30, 2024[76] - The financing costs decreased to HKD 886,000 from HKD 1,184,000, showing a reduction of approximately 25.2%[9] - Administrative and other operating expenses amounted to HKD 13,943,000 for the six months ended September 30, 2025, a decrease from HKD 14,786,000 in the same period of 2024, reflecting a reduction of approximately 5.7%[26] Shareholder Information - The company did not recommend the payment of an interim dividend for the reporting period, consistent with the previous year[32] - The total number of shares that may be issued upon exercise of options under the stock option plan is limited to 10% of the shares issued at the time of the company's listing, which amounts to 120,000,000 shares[45] - The company has not purchased, sold, or redeemed any of its listed shares during the reporting period[93] - The group had a total of 1,200,000,000 shares issued as of September 30, 2025[86] - The company’s total issued share capital as of September 30, 2025, is 1,200,000,000 shares[91] Corporate Governance - The audit committee consists of three independent non-executive directors, ensuring independent review and oversight of financial reporting[100] - The company has adhered to the corporate governance code principles during the reporting period, with a noted deviation regarding the roles of the chairman and CEO[99] - The company is committed to good corporate governance to enhance shareholder value[98] - The board has adopted a revised dividend policy effective from May 17, 2022, stating that the annual dividend distributed to shareholders will not be less than 30% of the group's consolidated net profit attributable to shareholders for any financial year[101] Market Outlook - The group expects strong demand for fire installation services in the future, driven by ongoing public infrastructure projects and urgent housing needs in Hong Kong[56] - The group faced several risks, including economic and political conditions in Hong Kong, which could adversely affect its business and financial performance[78]
荧德控股(08535) - 2026 - 中期业绩