Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 24,007,000, a decrease of 9.1% from HKD 26,418,000 in the same period of 2024[3] - Gross profit for the same period was HKD 21,438,000, down 9.5% from HKD 23,698,000 year-on-year[3] - The operating profit for the six months was HKD 15,481,000, a significant recovery from an operating loss of HKD 51,888,000 in the previous year[4] - The profit attributable to shareholders for the period was HKD 14,612,000, compared to a loss of HKD 55,758,000 in the same period last year[4] - Total comprehensive income for the six months was HKD 23,955,000, a turnaround from a loss of HKD 50,067,000 in the previous year[4] - The company reported a total comprehensive income of HKD 23,955,000 for the six months ended September 30, 2025, compared to a total comprehensive income of HKD 50,067,000 for the same period last year, reflecting a decrease of approximately 52%[7] - The net profit for the current period was HKD 14,612,000, while the previous period recorded a net loss of HKD 55,758,000, indicating a significant turnaround in profitability[7] Investment and Income - The company reported a dividend income of HKD 4,285,000, an increase of 68.2% from HKD 2,545,000 in the previous year[3] - Interest income decreased to HKD 6,554,000, down 26.5% from HKD 8,913,000 year-on-year[3] - Financial investment income included interest income from debt securities of HKD 0.9 million, dividend income of HKD 4.3 million, and bank interest income of HKD 5.6 million, with total investment income decreasing by HKD 0.6 million due to lower bank deposit rates[53] - The group recorded an unrealized fair value gain of HKD 15.7 million on listed equity securities, compared to HKD 1.9 million in the previous year[53] Assets and Liabilities - Non-current assets totaled HKD 2,231,564,000, slightly down from HKD 2,238,900,000 as of March 31, 2025[5] - Total assets as of September 30, 2025, amounted to HKD 2,649,234,000, while total liabilities were HKD 106,188,000, resulting in a net asset value of HKD 2,543,046,000[14] - The company’s total current assets increased to HKD 29,998,000 from HKD 24,590,000 as of March 31, 2025[30] - The company’s lease liabilities were reported at HKD 149,000 as of September 30, 2025, down from HKD 450,000 as of March 31, 2025[35] Equity and Dividends - Total equity increased to HKD 2,543,046,000 from HKD 2,522,972,000 as of March 31, 2025[6] - The company declared an interim dividend of HKD 832,000 for the current period, consistent with the previous year’s dividend declaration[7] - The company declared an interim dividend of HKD 0.3 cents per share for the six months ended September 30, 2025, totaling approximately HKD 832,000, consistent with the previous year[23] - The total equity attributable to shareholders remained stable at HKD 2,543.0 million, with a net asset value per share of HKD 9.2[64] Operational Highlights - The company’s operations are classified into property investment and financial investment, with detailed financial information provided for each segment[12] - The average rental yield from investment properties is expected to be approximately 2.48%, down from 2.60% as of March 31, 2025[44] - The rental income from the group's property investment business increased, with an occupancy rate of 83%, up from 75% in the previous comparable period[66] - The company’s largest tenant contributed approximately HKD 1,800,000 in rental income for the six months ended September 30, 2025, compared to HKD 1,700,000 in 2024[17] Compliance and Governance - The company has adopted the standard code of conduct for securities trading by directors as outlined in Appendix C3 of the Listing Rules[75] - All directors confirmed compliance with the standards set forth in the code for the six-month period ending September 30, 2025[75] - The board consists of six directors, including three executive directors and three independent non-executive directors[75] Financial Ratios and Performance Metrics - The current ratio as of September 30, 2025, is 18.1 times, an increase from 16.9 times as of March 31, 2025[58] - Earnings per share for the current period is HKD 0.0527, compared to a loss per share of HKD 0.2011 in the previous year[54] Other Financial Information - The company recognized a depreciation expense of HKD 342,000 for the six months ended September 30, 2025, related to right-of-use assets[27] - The company had no acquisitions or disposals of investment properties during the current period[26] - The group has no significant contingent liabilities as of September 30, 2025[43] - The group utilized approximately HKD 40,218 million of its bank credit facilities as of September 30, 2025[41] - The group has future minimum lease payments of HKD 60,186 million as of September 30, 2025, compared to HKD 51,701 million as of March 31, 2025[45]
太兴置业(00277) - 2026 - 中期业绩