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[9] - Gross profit for the same period was approximately HKD 26.1 million, representing a 20.3% increase from HKD 21.7 million in 2024[9] - 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 in the previous year[9] - Basic and diluted earnings per share for the period were HKD 0.16, compared to a loss of HKD 0.24 for the same period in 2024[9] - The company reported a pre-tax profit of approximately HKD 2.7 million for the six months ended September 30, 2025, compared to a pre-tax loss of HKD 1.9 million in the previous year[10] - The company reported a pre-tax profit of HKD 2,664,000 for the six months ended September 30, 2025, compared to a loss of HKD 1,913,000 in the same period of 2024, indicating a significant turnaround in performance[14] - The operating profit for the six months ended September 30, 2025, was HKD 26,108,000, up 20.8% from HKD 21,687,000 in the previous year[28] - The company reported a profit attributable to owners of approximately HKD 1.6 million for the six months ended September 30, 2025, compared to a loss of approximately HKD 2.4 million for the same period in 2024[62] Revenue Breakdown - Revenue for the six months ended September 30, 2025, was HKD 87,600,000, up 11% from HKD 78,909,000 in 2024, driven by increased construction protection projects[23] - The company recognized HKD 70,353,000 from construction protection projects, a 33% increase from HKD 52,719,000 in the previous year, with residential buildings and community facilities being key contributors[23] - Revenue from construction protection engineering rose from approximately HKD 52.7 million to approximately HKD 70.4 million, an increase of about 33.6%[52] - Revenue from the supply of construction protection products decreased from approximately HKD 26.2 million to approximately HKD 17.2 million, a decline of about 34.3%[54] - Revenue from the Hong Kong market increased to HKD 85,252,000, a rise of 20.2% compared to HKD 70,971,000 in 2024[29] - The number of projects generating confirmed revenue increased from 322 to 373, with larger projects contributing significantly to revenue growth[53] Assets and Liabilities - Non-current assets as of September 30, 2025, totaled approximately HKD 47.5 million, a decrease from HKD 49.6 million as of March 31, 2025[11] - Current assets increased to approximately HKD 197.2 million from HKD 195.2 million as of March 31, 2025[11] - Total liabilities decreased to approximately HKD 67.7 million from HKD 68.8 million as of March 31, 2025[11] - Net assets as of September 30, 2025, were approximately HKD 175.1 million, up from HKD 173.5 million as of March 31, 2025[11] - Total assets as of September 30, 2025, were approximately HKD 244.6 million, with current assets at approximately HKD 197.2 million[64] - The company's debt-to-equity ratio was approximately 11.9% as of September 30, 2025, down from 13.8% as of March 31, 2025[64] Cash Flow and Financial Management - Cash and cash equivalents decreased to HKD 38,999,000 as of September 30, 2025, down from HKD 44,205,000 in 2024, reflecting cash outflows from operating and financing activities[16] - Operating cash flow before changes in working capital was HKD 5,973,000 for the six months ended September 30, 2025, compared to HKD 1,101,000 in the prior year, showing improved operational efficiency[14] - The company incurred a net cash outflow of HKD 5,955,000 from operating activities, contrasting with a net inflow of HKD 11,562,000 in the same period of 2024, indicating challenges in cash generation[16] Employee and Operational Costs - The company incurred total employee costs of HKD 23,309,000, an increase from HKD 22,787,000 in the prior period[33] - Total employee costs (excluding directors' remuneration) 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[75] - The company’s accrued expenses increased significantly to HKD 4,884,000 from HKD 1,668,000, indicating a rise in operational costs[45] Corporate Governance and Compliance - The company is committed to maintaining compliance with the Hong Kong Financial Reporting Standards and has not adopted any new standards that would significantly impact its financial performance[20] - The company has established an audit committee to oversee financial reporting and risk management since March 18, 2020[94] - The company emphasizes the importance of good corporate governance practices to ensure accountability[91] - The company has complied with the corporate governance code, except for a specific provision regarding the separation of roles of chairman and CEO[91] Future Outlook and Challenges - The group anticipates continued operational and financial performance challenges due to aggressive pricing strategies from competitors and rising costs[77] - The group remains committed to cost control policies to maintain profitability and market competitiveness[77] - The company plans to continue expanding its market presence in Hong Kong and Macau, focusing on construction protection services and products[18]
新威工程集团(08616) - 2026 - 中期财报