Revenue Performance - For the six months ending September 30, 2025, the group's revenue increased by approximately HKD 25.8 million or 12.6% to approximately HKD 230.6 million from approximately HKD 204.8 million for the same period in 2024[12]. - The revenue from the security services segment rose by approximately HKD 13.0 million or 6.8% to approximately HKD 205.5 million, driven by increases in general security services, event and crisis security services, and manpower support services[13]. - Facility management services revenue increased by approximately HKD 0.7 million or 5.9% to approximately HKD 13.0 million, primarily due to overall price increases in contract renewals[14]. - The new security systems service segment generated revenue of approximately HKD 12.0 million for the six months ending September 30, 2025[15]. - Revenue for the six months ended September 30, 2025, was HKD 230,609,000, an increase of 12.6% compared to HKD 204,819,000 for the same period in 2024[77]. - The general security services segment generated revenue of HKD 94,344,000, up from HKD 85,192,000 in 2024, marking a growth of 13.5%[86]. - The company provided security system services for the first time, generating revenue of HKD 12,034,000[86]. - Total revenue for the six months ended September 30, 2025, was HKD 230,609,000, an increase from HKD 204,819,000 for the same period in 2024, representing a growth of approximately 12.6%[89]. Profit and Income - Total profit and comprehensive income decreased by approximately HKD 2.4 million or 46.3% to about HKD 2.8 million for the six months ending September 30, 2025, with a net profit margin dropping from approximately 2.6% to 1.2%[24]. - The pre-tax profit for the period was HKD 4,560,000, down 33.1% from HKD 6,819,000 in the previous year[77]. - Total comprehensive income for the period was HKD 2,853,000, a decrease of 46.0% compared to HKD 5,290,000 in the same period last year[77]. - Basic earnings per share for the period was HKD 0.57, down from HKD 0.67 in the previous year, representing a decline of 14.9%[77]. - Basic earnings attributable to the company's owners for the six months ended September 30, 2025, were HKD 4,593,000, compared to HKD 5,349,000 in 2024, a decrease of about 14.1%[95]. - The company declared dividends of HKD (2,700,000) for the period ended September 30, 2025, compared to HKD (9,600,000) in the same period of 2024, reflecting a reduction in dividend payouts[86]. Expenses and Costs - Employee benefits expenses rose by approximately HKD 18.4 million or 9.9% to approximately HKD 204.5 million, mainly due to a 5.25% increase in the statutory minimum wage and an increase in the total number of employees from new service contracts[17]. - Sales and marketing expenses decreased by approximately HKD 0.2 million or 21.5% to approximately HKD 0.8 million, attributed to a reduction in security personnel dispatched to the private sector[19]. - Subcontracting costs increased by approximately HKD 2.0 million or 67.6% to approximately HKD 5.0 million, mainly due to a decrease in the number of subcontracted security services and an increase in subcontracted services for security systems[20]. - Other operating expenses rose by approximately HKD 2.7 million or 34.6% to approximately HKD 10.7 million, primarily due to increased legal and professional fees for security and safety services[22]. Financial Position - Cash and bank balances decreased by approximately HKD 8.7 million or 15.8% to about HKD 46.0 million as of September 30, 2025[25]. - The current ratio decreased from approximately 4.5 times as of March 31, 2025, to about 3.8 times as of September 30, 2025[25]. - Trade receivables and unbilled revenue increased to approximately HKD 156.0 million as of September 30, 2025, from HKD 146.2 million as of March 31, 2025[30]. - Non-current assets increased to HKD 18,499,000 as of September 30, 2025, compared to HKD 18,119,000 as of March 31, 2025[78]. - Current assets rose to HKD 252,049,000 from HKD 237,965,000, reflecting an increase of 5.9%[78]. - Total liabilities increased to HKD 66,786,000 from HKD 52,776,000, marking a rise of 26.6%[78]. - The company's equity attributable to owners increased to HKD 205,320,000 from HKD 203,416,000, a growth of 0.9%[78]. - The company reported a net cash position of HKD 46,029,000 as of September 30, 2025, down from HKD 54,696,000[78]. Shareholding and Corporate Governance - As of September 30, 2025, the company has a total of 800,000,000 shares issued[45]. - Mr. Ma Qiaosheng, Mr. Ma Qiaowu, and Mr. Ma Qiaowen each hold 560,000,000 shares, representing 70.0% of the company's issued share capital[44]. - International Yongsheng BVI, owned by the company, holds 560,000,000 shares, also accounting for 70.0% of the issued share capital[52]. - The company has three controlled corporations: Senye, Wenhua, and Jianqiao, each holding 560,000,000 shares, which is 70.0% of the issued share capital[52]. - All major shareholders, including spouses of directors, hold 560,000,000 shares, equating to 70.0% of the company's issued share capital[52]. - The company is subject to the Securities and Futures Ordinance, which governs the disclosure of interests and short positions[44]. - The directors and senior management have no other disclosed interests in the company's shares or related securities as of September 30, 2025[51]. - The company is recognized as a concert party under the Securities and Futures Ordinance, which affects the ownership disclosure of shares held through controlled corporations[48]. - The ownership structure indicates a significant concentration of control among the three directors, each holding substantial shares through their respective controlled entities[45]. - The company maintains compliance with the listing rules and regulations regarding the disclosure of interests and shareholdings[51]. - The company adopted a share option scheme on September 20, 2019, with no options granted or agreed to be granted as of September 30, 2025[55]. - The company has complied with the corporate governance code during the six months ended September 30, 2025[63]. Future Plans and Investments - The group aims to expand its security services and enhance facility management capabilities while selectively seeking strategic acquisition and investment opportunities[42]. - The company plans to utilize unutilized net proceeds for purchasing machinery and upgrading IT infrastructure by March 31, 2026[59]. - The company has plans to enhance its facility management service capabilities, with HKD 4.1 million of equipment purchases expected to be utilized by March 31, 2026[59]. - The company has utilized HKD 14.2 million for expanding security services, with all funds fully utilized[57]. - The company plans to continue expanding its service offerings in security and facility management sectors to enhance revenue growth[83]. Cash Flow and Operating Activities - The operating cash flow before changes in working capital was HKD 6,288,000 for the six months ended September 30, 2025, down from HKD 8,249,000 in 2024, indicating a decrease of 11.6%[81]. - The net cash used in operating activities was HKD (5,276,000) for the six months ended September 30, 2025, compared to HKD (53,735,000) in 2024, showing a significant improvement[81]. - The company’s cash and cash equivalents decreased by HKD 8,678,000, ending at HKD 46,029,000 as of September 30, 2025, compared to HKD 19,315,000 in 2024[81].
国际永胜集团(06663) - 2026 - 中期业绩