Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 554,336,000, an increase of 5.1% compared to HKD 527,309,000 for the same period in 2024[3] - Gross profit decreased to HKD 64,638,000, down 21.2% from HKD 81,986,000 year-on-year[3] - Net profit for the period was HKD 1,211,274,000, a significant increase of 1,166.5% compared to HKD 95,656,000 in the previous year[3] - Total comprehensive income for the period reached HKD 1,234,680,000, compared to HKD 161,481,000 in the same period last year[4] - Basic earnings per share rose to 131.3 HKD cents, up from 10.5 HKD cents year-on-year[4] - The segment profit for display and other services decreased significantly to HKD 3,348,000 from HKD 29,366,000, reflecting a decline of 88.6%[11] - The net foreign exchange loss was HKD 11,430,000, compared to a loss of HKD 6,683,000 in the previous year, indicating a worsening of 70.5%[15] - Interest income rose to HKD 8,956,000, up 98.9% from HKD 4,503,000 in 2024[11] - The company reported a significant increase in fair value gains on financial assets, amounting to HKD 1,342,157,000 compared to HKD 17,211,000 in the previous year[11] - The profit attributable to equity shareholders significantly increased to HKD 1,218,100,000, which includes a fair value gain of HKD 1,180,000,000 on financial assets measured at fair value through profit or loss[35] Assets and Liabilities - Non-current assets increased to HKD 4,903,194,000 as of September 30, 2025, compared to HKD 3,352,015,000 as of March 31, 2025[5] - Cash and cash equivalents decreased to HKD 286,042,000 from HKD 525,183,000 in the previous period[5] - The company reported a significant increase in deferred tax liabilities, rising to HKD 398,749,000 from HKD 272,357,000[6] - Trade receivables as of September 30, 2025, amounted to HKD 212,855,000, with overdue receivables totaling HKD 55,722,000, up from HKD 48,997,000 as of March 31, 2025[13] - Trade payables as of September 30, 2025, totaled HKD 142,735,000, an increase from HKD 119,776,000 as of March 31, 2025[32] - As of September 30, 2025, the current ratio was 2.0, and the debt-to-equity ratio was 0.5%, indicating a stable financial position[52] Investments - The group holds a 28.08% stake in Suzhou Qingyue, which is currently under investigation by the China Securities Regulatory Commission for alleged false disclosures[25] - The board has decided to reduce the group's involvement in Suzhou Qingyue due to the ongoing investigation[27] - The group made strategic investments in several non-listed companies, with a total fair value of HKD 290,500,000 as of September 30, 2025[29] - The group recognized a fair value gain of HKD 25,769,000 from its investment in Muxi Integrated Circuit (Shanghai) Co., Ltd. during the reporting period[29] - The group’s investment in a limited partnership in China amounted to HKD 56,569,000, with a fair value gain of HKD 24,282,000 recognized during the reporting period[30] - The company holds 117,442,410 shares of Nantong Jianghai, with a fair value of approximately HKD 3,900,000,000 as of September 30, 2025[38] - The carrying value of the company's investment in Suzhou Qingyue is HKD 293,768,000 as of September 30, 2025[60] - The company reported a loss of HKD 17,700,000 from its investment in Suzhou Qingyue, with the value of its holdings at HKD 1,300,000,000 as of September 30, 2025[39] Strategic Initiatives - The company strategically expanded its product portfolio to enter the automotive sector, laying the foundation for future business growth[36] - The AI computing and related business achieved significant milestones, including the launch of "Fengshou No. 1," a domestic GPU cluster that has been operational for over six months[37] - The company plans to enhance its market share in engineering machinery, medical equipment, and commercial appliances, while strategically entering the automotive display market[51] Governance and Compliance - The company has maintained its accounting policies consistent with those used in the previous financial year[8] - The audit committee has reviewed the accounting principles and practices adopted by the group for the six months ending September 30, 2025[65] - The company is closely monitoring an ongoing investigation by the China Securities Regulatory Commission regarding Suzhou Qingyue's financial reporting[61] - The board consists of both executive and independent non-executive directors, ensuring a diverse governance structure[68] Shareholder Returns - The company declared a final dividend of HKD 0.05 per share, totaling HKD 46,665,000, slightly down from HKD 47,141,000 in the previous year[19] - The board has decided not to recommend an interim dividend for the six months ending September 30, 2025[57] - The company has adopted a restricted share incentive plan allowing for the issuance of up to 101,115,517 shares, equivalent to 10% of the shares issued as of the plan's adoption date[55] - As of September 30, 2025, there are 71,061,517 shares available for future grants under the share incentive plan and 91,531,200 shares under the stock option plan[56] Capital Expenditures - The group spent HKD 117,097,000 on property, plant, and equipment, compared to HKD 106,645,000 in the previous six months, primarily for large electronic equipment used in providing additional services[23] - Capital expenditures amounted to HKD 117,100,000, primarily for the acquisition of AI computing power and related equipment[47]
亿都(国际控股)(00259) - 2026 - 中期业绩