Financial Performance - The group's revenue for the six months ended September 30, 2025, increased by approximately 21.4% to about HKD 208,300,000, compared to HKD 171,600,000 for the same period in 2024[3] - The group reported a loss of approximately HKD 8,700,000 for the six months ended September 30, 2025, compared to a profit of approximately HKD 4,100,000 for the same period in 2024[3] - Basic loss per share attributable to owners of the company was approximately HKD 0.15 for the six months ended September 30, 2025, compared to basic earnings of approximately HKD 0.078 for the same period in 2024[3] - The board of directors did not recommend the payment of any dividend for the six months ended September 30, 2025[3] - Gross profit for the six months ended September 30, 2025, was HKD 2,186,000, down from HKD 4,137,000 in the same period in 2024[5] - Operating loss for the six months ended September 30, 2025, was HKD 6,125,000, compared to an operating profit of HKD 7,477,000 for the same period in 2024[5] - The company reported a net loss of approximately HKD 8,738,000 for the six months ended September 30, 2025, compared to a net loss of HKD 4,121,000 for the same period in 2024[10] - Operating activities generated a net cash outflow of HKD 11,967,000 for the six months ended September 30, 2025, compared to a net cash inflow of HKD 5,144,000 in the previous year[10] Assets and Liabilities - Total assets decreased to HKD 133,281,000 as of September 30, 2025, from HKD 165,649,000 as of March 31, 2025[7] - Total liabilities decreased to HKD 181,749,000 as of September 30, 2025, from HKD 205,514,000 as of March 31, 2025[8] - The net liabilities position increased to HKD 48,468,000 as of September 30, 2025, compared to HKD 39,865,000 as of March 31, 2025[8] - The company reported a significant decrease in cash and cash equivalents to HKD 38,837,000 as of September 30, 2025, down from HKD 56,120,000 as of March 31, 2025[7] - The company’s total equity as of September 30, 2025, was HKD (48,468,000), a decrease from HKD (39,865,000) as of April 1, 2025[9] Revenue Sources - Revenue for the six months ended September 30, 2025, was HKD 208,273,000, an increase of 21.4% compared to HKD 171,561,000 for the same period in 2024[19] - The company generated subcontracting revenue of approximately HKD 123,000,000, accounting for about 59.1% of total revenue, compared to 51.0% in the previous year[46] - The company’s revenue from major clients showed substantial growth, with Client A generating HKD 70,535,000 in 2025, up 50.4% from HKD 46,949,000 in 2024[25] Costs and Expenses - Employee costs increased to HKD 60,113,000 in 2025, up 10.3% from HKD 54,239,000 in 2024[27] - Service costs increased by approximately 23.1% to about HKD 206,100,000, up from HKD 167,400,000 in the previous year, primarily due to increased construction orders during the peak construction period[47] - Administrative and operating expenses decreased by approximately 19.6% to about HKD 9,400,000 (2024: approximately HKD 11,700,000)[51] - Financing costs decreased by approximately 6.6% to about HKD 2,700,000 (2024: approximately HKD 2,900,000)[52] Shareholder Information - The company’s major shareholder, Mr. Jian Guoxiang, holds 57.1% of the issued share capital[11] - As of September 30, 2025, Mr. Jian Guoxiang holds a total beneficial interest of 32,679,993 shares, representing 57.1% of the total issued share capital[70] - Shunleetat (BVI) Limited owns 16,013,327 shares, accounting for 28.0% of the total issued share capital as of September 30, 2025[74] - China Xinhua News Network holds 17,688,018 shares, which is 30.9% of the total issued share capital as of September 30, 2025[74] Corporate Governance - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with GEM listing rules[79] - The company has adhered to the corporate governance code as per GEM listing rules, ensuring shareholder interests and enhancing group performance[80] - The audit committee, established in August 2010, reviews financial reporting procedures, internal controls, and overall risk management[82] - The audit committee has reviewed the unaudited consolidated results for the period and confirmed compliance with applicable accounting standards[82]
进业控股(08356) - 2026 - 中期业绩