Financial Performance - For the six months ended September 30, 2025, the group's revenue was approximately HKD 87.6 million, an increase of about 11.0% compared to HKD 78.9 million for the same period in 2024[11]. - The gross profit for the six months ended September 30, 2025, was approximately HKD 26.1 million, representing a 20.3% increase from HKD 21.7 million in the previous year[11]. - The net profit for the six months ended September 30, 2025, was approximately HKD 1.6 million, a turnaround from a net loss of HKD 2.4 million for the same period in 2024[11]. - Basic and diluted earnings per share for the six months ended September 30, 2025, were HKD 0.16, compared to a loss of HKD 0.24 for the same period in 2024[11]. - The group reported a pre-tax profit of HKD 2,664,000 for the six months ended September 30, 2025, compared to a pre-tax loss of HKD 1,913,000 in the same period of 2024[28]. - The company reported a profit attributable to owners of approximately HKD 1.6 million, compared to a loss of HKD 2.4 million in the previous period[64]. Revenue Breakdown - Revenue for the six months ended September 30, 2025, was HKD 87,600,000, representing an increase of 11% compared to HKD 78,909,000 for the same period in 2024[25]. - Revenue from construction protection services was HKD 70,353,000, up 33% from HKD 52,719,000 in the previous year, with residential buildings contributing HKD 23,573,000[25]. - Revenue from the supply of construction protection products decreased to HKD 17,247,000, down 34% from HKD 26,190,000 in the prior year[25]. - The group’s income from Hong Kong was HKD 85,252,000, an increase of 20% from HKD 70,971,000 in the previous year[31]. Assets and Liabilities - As of September 30, 2025, total assets amounted to HKD 197,172,000, a slight increase from HKD 195,167,000 as of March 31, 2025[13]. - The company’s total liabilities decreased slightly from HKD 68,820,000 to HKD 67,696,000, indicating a reduction of about 1.6%[13]. - The net asset value increased to HKD 175,132,000 from HKD 173,498,000, reflecting a growth of approximately 1%[15]. - The current assets amounted to approximately HKD 197.2 million, while current liabilities were about HKD 67.7 million, resulting in a current ratio of approximately 2.9 times[66]. - The group's debt-to-equity ratio was approximately 11.9% as of September 30, 2025, down from 13.8% as of March 31, 2025[66]. Cash Flow and Financing - Operating cash flow before working capital changes was HKD 5,973,000, significantly improved from HKD 1,101,000 in the previous year[16]. - Cash and cash equivalents decreased to HKD 38,999,000 from HKD 49,123,000, a decline of approximately 21%[16]. - Financing activities resulted in a net cash outflow of HKD 3,628,000, compared to HKD 2,844,000 in the previous year[18]. - Bank borrowings decreased from HKD 20.4 million to HKD 18.1 million[16]. Employee Costs - The group’s total employee costs for the six months ended September 30, 2025, were HKD 23,309,000, compared to HKD 22,787,000 in the previous year[35]. - Total employee costs for the six months ended September 30, 2025, were approximately HKD 17.4 million, compared to HKD 16.7 million for the same period in 2024[77]. Dividends - The board of directors did not recommend any dividend for the six months ended September 30, 2025, consistent with the previous year[11]. - No dividends were recommended for the six months ended September 30, 2025, consistent with the previous year[38]. Inventory and Receivables - The company experienced a decrease in inventory from HKD 18,618,000 to HKD 15,833,000, reflecting a reduction of approximately 15%[13]. - Trade and other receivables increased to HKD 28,128,000 from HKD 17,831,000, representing a growth of about 58%[13]. - Trade receivables increased to HKD 28,546,000 as of September 30, 2025, up from HKD 18,139,000 as of March 31, 2025, reflecting improved sales performance[40]. - The aging analysis of trade receivables showed that HKD 8,913,000 was within 30 days, while HKD 7,939,000 was between 31 to 90 days overdue[42]. - The company has assessed that trade receivables overdue by more than 90 days are still recoverable based on historical customer payment behavior[42]. Strategic Outlook - The company anticipates continued operational and financial challenges due to aggressive pricing strategies from competitors and rising costs[79]. - The group will regularly review its asset structure and business strategies to adapt to economic uncertainties and challenges[79]. - The company aims to optimize resource utilization and strictly adhere to cost control policies to maintain profitability and market competitiveness[79]. - There are no significant investments or capital asset plans as of the report date[76]. Compliance and Governance - The audit committee reviewed the interim financial statements for the six months ending September 30, 2025, confirming compliance with applicable accounting standards and GEM listing rules[96].
新威工程集团(08616) - 2026 - 中期业绩