Financial Performance - Revenue for the six months ended September 30, 2025, increased by approximately 8.9% to about HKD 476.3 million compared to the same period last year[14] - Gross profit for the reporting period rose by approximately 7.9% to about HKD 76.4 million[14] - Profit attributable to owners of the company for the reporting period decreased by approximately 23.4% to about HKD 5.1 million compared to the same period last year[14] - Basic earnings per share decreased by approximately 23.2% to about HKD 0.63 for the reporting period[14] - Net profit for the six months ended September 30, 2025, was HKD 5,286,000, a decrease of 25.3% from HKD 7,061,000 in 2024[16] - The company reported a profit before tax of HKD 6,833,000 for the period, down from HKD 9,552,000 in the previous year, a decrease of 28.5%[27] - Other income and net income decreased by approximately 26.5% from about HKD 3.5 million to approximately HKD 2.6 million, primarily due to a reduction in interest income and miscellaneous income[58] Revenue Breakdown - Revenue for the six months ended September 30, 2025, was HKD 476,264,000, an increase of 8.9% compared to HKD 437,231,000 for the same period in 2024[16] - Revenue from IT infrastructure solutions was HKD 314,040,000, up from HKD 279,700,000, reflecting a growth of 12.2%[31] - Revenue from IT infrastructure management services increased to HKD 162,122,000 from HKD 157,415,000, a rise of 3.5%[31] - The AI products and solutions segment generated revenue of HKD 102,000, down from HKD 114,000, indicating a decline of 10.5%[31] - Revenue from Hong Kong was HKD 395,194,000, an increase of 10.6% from HKD 357,255,000 in 2024[29] - Revenue from mainland China decreased to HKD 57,326,000 from HKD 61,693,000, a decline of 7.7%[29] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 452,561,000, compared to HKD 446,080,000 as of March 31, 2025[17] - Trade receivables increased to HKD 210,296,000 from HKD 164,421,000, indicating a growth of 27.8%[17] - Cash and cash equivalents decreased to HKD 183,117,000 from HKD 245,140,000, a decline of 25.3%[20] - Non-current liabilities increased to HKD 89,811,000 from HKD 80,575,000, reflecting a rise of 11.5%[18] - Total liabilities increased to HKD 386,862,000 from HKD 316,962,000, representing a growth of 22%[28] - Total equity as of September 30, 2025, was HKD 199,016,000, slightly up from HKD 197,800,000 as of March 31, 2025[18] Operating Expenses - Total operating expenses for the reporting period were approximately HKD 68.4 million, including about HKD 5.9 million allocated for research and development in generative artificial intelligence and the establishment of the Network and Security Operations Center (NOC/SOC)[14] - The total operating expenses for the reporting period amounted to approximately HKD 68.4 million, an increase of about HKD 6.8 million (or 11.1%) compared to approximately HKD 61.6 million in the same period last year[59] - Operating expenses included approximately HKD 5.9 million for technology and innovation initiatives, representing an increase of about HKD 2.6 million (or 80.2%) year-over-year, highlighting the company's commitment to future development, including R&D in generative AI[59] - Financing costs for the reporting period were approximately HKD 3.7 million, an increase of about HKD 0.4 million (or approximately 10.0%) compared to the same period last year[60] Shareholder Information - The company declared a final dividend of HKD 0.75 per share for the year ended March 31, 2025, down from HKD 0.82 in 2024, totaling HKD 6,025,000 compared to HKD 6,587,000 in 2024[36] - The company did not recommend the payment of an interim dividend for the reporting period[75] - As of September 30, 2025, the total issued shares of the company are 803,280,000[84] - Mr. Mo holds 91,800,000 shares, representing approximately 11.4% of the company's shares[81] - Ms. Luk holds 226,890,000 shares, which is about 28.2% of the company's shares, and has an additional 450,500,000 shares related to convertible bonds[81] - The company has granted a total of 11,820,000 stock options, which represent approximately 1.5% of the issued shares as of the reporting date[89] Corporate Governance - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM Listing Rules, with no known violations during the reporting period[93] - The board emphasizes the importance of good corporate governance practices and has adopted the corporate governance code as per GEM Listing Rules, maintaining compliance throughout the reporting period[94] - The audit committee has reviewed the unaudited consolidated financial statements for the reporting period, confirming compliance with applicable accounting standards and sufficient disclosures[96] - The company has appointed an external company secretary with extensive experience, enhancing cost-effectiveness and governance standards[95] Future Outlook - The company is focusing on three high-growth potential product lines: cybersecurity, automation and AI, and managed services[49] - The company plans to enhance its market presence and drive steady business growth through a prudent and flexible strategy[49] - The implementation of the "Protection of Critical Infrastructure Ordinance" on January 1, 2026, is expected to boost demand for cybersecurity and compliance solutions among local enterprises[51] - The company has made significant progress in its AI business, securing new orders across various sectors, with anticipated revenue contributions starting from the second half of the fiscal year ending March 31, 2026[53] - The company is committed to maximizing shareholder returns while reinvesting in the IT industry, particularly in new business areas[50] - The company aims to expand its business footprint in the Asia-Pacific region and strengthen its core competitiveness to become a leading IT and innovation company in the region[55] Employee and Management Costs - The total employee cost for the reporting period was approximately HKD 122.7 million, an increase from HKD 118.3 million in the previous year[74] - The total compensation for directors and key management personnel for the six months ended September 30, 2025, was HKD 6,788,000, a decrease of 3.4% from HKD 7,030,000 in 2024[45]
思博系统(08319) - 2026 - 中期业绩