Revenue and Profitability - For the six months ended September 30, 2025, the revenue of Zhong Jia Guo Xin Holdings Company Limited was approximately HK$13,277,000, representing an increase of 38.3% compared to HK$9,582,000 in 2024[10][15]. - The Group recorded a gross profit of approximately HK$2,681,000, compared to HK$1,107,000 in 2024, primarily driven by rental income and bottled mineral water sales[13][17]. - Other gains amounted to approximately HK$7,910,000, significantly higher than HK$161,000 in 2024, due to a non-recurring gain from liability settlement and compensation related to property acquisition[14][18]. - The loss attributable to owners of the Company decreased to approximately HK$5,322,000 from HK$15,721,000 in 2024, mainly due to increased revenue from the bottled mineral water business[24]. - The Group recorded a loss attributable to owners of approximately HK$5,322,000 for the Reporting Period, a decrease from HK$15,721,000 in 2024, primarily due to increased revenue from bottled mineral water business and other non-recurring income[30]. - Total comprehensive income for the period was HK$2,458,000, a turnaround from a loss of HK$11,619,000 in the same period last year[190]. - The Group reported a loss for the period of HK$5,322,000 for the six months ended 30 September 2025, compared to a loss of HK$15,721,000 for the same period in 2024, indicating a reduction in losses by about 66%[195]. Expenses and Costs - The cost of sales for the Reporting Period was approximately HK$10,596,000, up from HK$8,475,000 in 2024, reflecting the growth in revenue from property sales and bottled mineral water[12][16]. - Selling and distribution expenses increased to approximately HK$2,770,000 from HK$548,000 in 2024, mainly due to costs associated with the bottled mineral water business[20]. - Administrative expenses decreased to approximately HK$11,243,000 from HK$13,679,000 in 2024, attributed to lower legal fees and staff costs[21]. - The total staff costs for the reporting period amounted to approximately HK$4,787,000, a decrease from HK$7,301,000 in 2024[149]. Financial Position - As of September 30, 2025, the total equity attributable to the owners of the Company was approximately HK$956.5 million, an increase from HK$935.9 million as of March 31, 2025[128][139]. - The Group's total assets were approximately HK$1,386.3 million as of September 30, 2025, slightly down from HK$1,388.1 million as of March 31, 2025[139]. - The current ratio improved to approximately 1.33 as of September 30, 2025, compared to 1.22 as of March 31, 2025[140]. - Current liabilities decreased to HK$211,061,000 from HK$224,857,000, indicating improved liquidity management[192]. - Net current assets improved to HK$70,577,000, up from HK$50,606,000, showcasing a stronger financial position[192]. Business Segments and Operations - The Group recognized revenue from bottled mineral water sales of approximately HK$7,536,000, a substantial increase from HK$2,437,000 in 2024, indicating a positive trend in sales performance[41]. - The water business segment recorded a loss of approximately HK$6,891,000, an improvement from HK$7,443,000 in 2024, attributed to decreased fixed production costs[33]. - The mining business segment incurred a loss of approximately HK$61,000, a decrease from HK$283,000 in 2024, primarily due to operating expenses[44]. - The Group holds 67% equity interests in Good Union, which commenced commercial production of mineral water in March 2024 after completing factory construction and equipment installation[40]. Property Development and Investment - The company recorded revenue of approximately HK$5,741,000 and profit of approximately HK$7,184,000 from property development and investment, with a decrease attributed to temporary lapses in occupancy rates[63][68]. - As of September 30, 2025, approximately 81% of the total saleable area of Phase I in Dalian has been handed over, with sale contracts amounting to approximately RMB37,597,000 for around 5,027 square meters expected to be handed over soon[71]. - The property market sentiment remains unfavorable, making it challenging to sell remaining unsold units in Phase I of the Dalian Properties[71]. - Dalian Chuanghe received an idle land decision for Phase II, posing a risk of repossession by government authorities without compensation, rendering the land commercially valueless[72]. - The company has adopted a conservative approach to its property development business due to recent market conditions, economic uncertainties, and rising construction costs from global inflation[73]. Financing and Capital Management - The Group is currently seeking diversified financing solutions, including project loans and strategic investor partnerships, as current cash reserves are insufficient for infrastructure investments totaling tens of millions of RMB[56][59]. - Approximately HK$316.5 million was raised from a share placement in August 2018, with specific allocations for capital expenditure and acquisitions[114][116]. - The Group has utilized approximately HK$15.9 million for capital expenditure on production facilities during the reporting period[117][119]. - The net cash generated from financing activities was HK$14,687,000, compared to HK$17,356,000 in the prior year, showing a decrease of approximately 15%[196]. Shareholder Information - The Company has not been notified of any other person with an interest of 5% or more in the issued share capital as of September 30, 2025[173]. - The interests of the Directors in the shares of the Company included 5,600,000 shares held by Jiang Xiaojun, representing approximately 3.77% of the issued share capital[162]. - As of September 30, 2025, the total number of issued shares of the Company is 148,386,336 shares[180]. Corporate Governance - The Company has complied with all applicable provisions of the Corporate Governance Code except for the lack of insurance cover for Directors since May 21, 2018[175]. - The audit committee has reviewed the unaudited interim financial statements for the six months ended September 30, 2025, and found them compliant with applicable accounting standards[184].
中加国信(00899) - 2026 - 中期业绩