Revenue and Profitability - Revenue increased from approximately HKD 580.3 million for the six months ended September 30, 2024, to approximately HKD 648.0 million for the six months ended September 30, 2025, representing a growth of about HKD 67.7 million or approximately 11.7%[3] - Gross profit rose from approximately HKD 16.9 million to approximately HKD 23.1 million, an increase of about HKD 6.2 million or approximately 36.7%[3] - Profit attributable to owners of the company increased from approximately HKD 5.0 million to approximately HKD 6.3 million, a growth of about HKD 1.3 million or approximately 26.0%[3] - Basic earnings per share for the six months ended September 30, 2025, was approximately HKD 0.8, compared to approximately HKD 0.6 for the same period in 2024[3] - The company reported a pre-tax profit of approximately HKD 7.1 million for the six months ended September 30, 2025, compared to HKD 5.6 million for the same period in 2024[5] - The company's pre-tax profit for the six months ended September 30, 2025, was HKD 6.3 million, compared to HKD 5.0 million for the same period in 2024, reflecting an increase of approximately 25.0%[21] - Net profit increased from approximately HKD 5.0 million for the six months ended September 30, 2024, to approximately HKD 6.3 million for the six months ended September 30, 2025, an increase of approximately HKD 1.3 million or about 26.0%[40] Assets and Liabilities - Total assets as of September 30, 2025, amounted to approximately HKD 652.2 million, compared to HKD 505.1 million as of March 31, 2025[6][7] - Current liabilities increased from approximately HKD 260.7 million to approximately HKD 375.1 million, indicating a rise in operational obligations[6][7] - The company’s net asset value decreased from approximately HKD 276.2 million as of March 31, 2025, to approximately HKD 273.0 million as of September 30, 2025[7] - Total assets as of September 30, 2025, amounted to HKD 537.3 million, with total liabilities of HKD 261.1 million[14] - The company reported a total of HKD 393.5 million in contract assets and trade receivables as of September 30, 2025[24] Revenue Segmentation - The company’s segment revenue from construction contracts was approximately HKD 644.4 million, while maintenance engineering contributed approximately HKD 3.7 million to total revenue[13] - Revenue from construction contracts for the six months ended September 30, 2025, was HKD 644.4 million, compared to HKD 446.3 million for the same period in 2024, indicating a significant increase of approximately 44.4%[15] - Revenue from building services increased from approximately HKD 446.3 million for the six months ended September 30, 2024, to approximately HKD 644.3 million for the six months ended September 30, 2025, representing an increase of approximately HKD 198.0 million or about 44.4%[30] - Revenue from renovation and maintenance services significantly decreased from approximately HKD 134.0 million for the six months ended September 30, 2024, to approximately HKD 3.7 million for the six months ended September 30, 2025, a decline of approximately HKD 130.3 million or about 97.2%[31] Expenses and Financial Performance - Other income, gains, and losses decreased from approximately HKD 7.6 million to approximately HKD 3.0 million, a decline of approximately HKD 4.6 million or about 60.5%[36] - Administrative expenses remained stable at approximately HKD 18.7 million for both periods[37] - Financial costs decreased from approximately HKD 268,000 to approximately HKD 223,000, a reduction of approximately HKD 45,000 or about 16.8%[38] - The gross profit margin improved from approximately 2.9% to approximately 3.6% for the same periods, an increase of about 0.7 percentage points[33] Dividends and Shareholder Actions - The company did not declare any interim dividend for the six months ended September 30, 2025, consistent with the previous period[3] - The board decided not to declare any interim dividend for the six months ended September 30, 2025, consistent with the previous period[51] - The company did not purchase, sell, or redeem any shares during the six months ended September 30, 2025[52] Future Outlook and Strategic Plans - The company plans to invest in construction-related services to enhance its capabilities and create synergies with existing operations[27] - The company maintains a cautious optimism regarding the prospects of the construction industry in Hong Kong[27] Governance and Compliance - The company has complied with all applicable code provisions of the Corporate Governance Code as of September 30, 2025, except for the separation of roles between the Chairman and CEO[54] - The audit committee reviewed the condensed consolidated financial statements for the six months ended September 30, 2025[56] - There were no significant events requiring disclosure after September 30, 2025, up to the announcement date[53] Cash and Borrowings - As of September 30, 2025, the group had cash and bank balances of approximately HKD 201.1 million, up from approximately HKD 136.8 million as of March 31, 2025[45] - The group had bank borrowings of approximately HKD 2.6 million as of September 30, 2025, compared to none as of March 31, 2025[46] - As of September 30, 2025, the company's capital debt ratio is approximately 3.7%, up from 1.7% on March 31, 2025[47] - The company provided unlimited guarantees to several banks for performance bonds totaling approximately HKD 110.9 million as of September 30, 2025, down from HKD 117.1 million on March 31, 2025[48] Stock Options and Awards - The stock option plan has authorized a total of 80,000,000 shares for grant, representing 10% of the issued shares as of April 1, 2025, September 30, 2025, and the announcement date[49] - The share award plan trustee held 6,796,000 shares as of September 30, 2025, accounting for approximately 0.8% of the issued shares, with no shares granted to eligible participants during the six-month period[50] Interim Results Announcement - The interim results announcement will be published on the HKEX website and the company's website before December 2025[57]
伟工控股(01793) - 2026 - 中期业绩