Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 46,076,000, a decrease of 27% compared to HKD 63,144,000 for the same period in 2024[4] - Gross profit margin decreased to 38.5% in 2025 from 34.5% in 2024, reflecting a reduction in cost of sales to HKD 28,439,000 from HKD 41,798,000[4] - The company reported a profit from continuing operations of HKD 181,000 for the six months ended September 30, 2025, compared to a loss of HKD 10,463,000 in the same period of 2024[4] - Total comprehensive income for the period was HKD 316,000, a significant improvement from a total comprehensive loss of HKD 22,669,000 in 2024[5] - Basic and diluted earnings per share from continuing operations was HKD 0.02, compared to a loss per share of HKD 1.00 in 2024[7] - The company reported a net loss of HKD 16,588,000 for the period, contributing to a total comprehensive loss of HKD 22,165,000[9] - The company’s total comprehensive income for the period was HKD 316,000, compared to a total comprehensive income of HKD 0 in the previous year[9] - Operating profit from continuing operations decreased from approximately HKD 21,346,000 for the six months ended September 30, 2024, to approximately HKD 17,637,000 for the six months ended September 30, 2025, a decrease of about HKD 3,709,000[53] Assets and Liabilities - Non-current assets decreased slightly to HKD 74,024,000 as of September 30, 2025, from HKD 75,583,000 as of March 31, 2025[8] - Current assets decreased to HKD 71,079,000 from HKD 75,910,000, with a notable reduction in trade receivables and contract assets[8] - Current liabilities decreased to HKD 25,841,000 from HKD 32,547,000, indicating improved liquidity management[8] - The company maintained a stable equity position with total equity of HKD 117,526,000 as of September 30, 2025, compared to HKD 117,210,000 as of March 31, 2025[8] - As of September 30, 2025, the net trade receivables and contract assets amounted to approximately HKD 16,227,000, a decrease of 20.3% from HKD 20,330,000 as of March 31, 2025[35] - The total trade payables as of September 30, 2025, were HKD 8,922,000, down from HKD 9,212,000 as of March 31, 2025, reflecting a decrease of 3.2%[36] - Bank borrowings decreased to HKD 8,191,000 as of September 30, 2025, from HKD 10,239,000 as of March 31, 2025, representing a reduction of 19.9%[40] - The group's debt-to-equity ratio as of September 30, 2025, was approximately 5.6%, down from 6.8% as of March 31, 2025[63] Cash Flow - Net cash generated from operating activities was HKD 3,660,000, a decrease of 56% from HKD 8,324,000 in the prior year[10] - Cash and cash equivalents at the end of the period increased to HKD 50,520,000, up from HKD 41,427,000 year-over-year[10] - The company incurred financing costs of HKD 170,000 for the six months ended September 30, 2025, down 57.1% from HKD 396,000 in 2024[20] - The total income tax expense for the six months ended September 30, 2025, was HKD 4,000, significantly lower than HKD 243,000 in 2024, reflecting a decrease of 98.4%[21] - The company’s financing activities resulted in a net cash outflow of HKD 2,218,000, an improvement from HKD 2,690,000 in the prior year[10] Operational Efficiency - The company is focusing on enhancing operational efficiency and exploring new market opportunities to drive future growth[4] - Employee costs for continuing operations decreased by approximately HKD 4,392,000 or 25.2%, from approximately HKD 17,422,000 for the six months ended September 30, 2024, to approximately HKD 13,030,000 for the six months ended September 30, 2025[54] - Other operating expenses decreased by approximately HKD 2,656,000 or 48.1%, from approximately HKD 5,519,000 for the six months ended September 30, 2024, to approximately HKD 2,863,000 for the six months ended September 30, 2025[57] Shareholder Information - The total number of issued and fully paid shares as of September 30, 2025, was 1,050,500, with a total capital of HKD 10,505,000[47] - Major shareholders include Luxurious Bay Capital Limited, Newmark Group Limited, and Knight Sky Holdings Limited, each holding 602,100,000 shares (57.32%) as of September 30, 2025[82] - As of September 30, 2025, Dr. Huang Jingqiang holds 602,100,000 shares (57.32%) through Luxurious Bay Capital Limited, and an additional 108,300,000 shares (10.30%) as a beneficial owner[80] Corporate Governance - The audit committee, composed of three independent non-executive directors, has reviewed the unaudited consolidated performance for the period and confirmed compliance with applicable accounting standards and disclosure requirements[89] - The board is not aware of any significant matters that require disclosure after the reporting period up to the report date[91] - The company maintains a sufficient level of public float as required by the listing rules as of the report date[90]
超智能控股(01402) - 2026 - 中期财报