Financial Performance - The company's net profit attributable to owners increased by 35.4% from HKD 10,531,000 for the six months ended September 30, 2024, to HKD 14,255,000 for the six months ended September 30, 2025[2]. - Basic earnings per share for the six months ended September 30, 2025, were approximately HKD 1.43, compared to HKD 1.05 for the same period in 2024[4]. - Total revenue for the six months ended September 30, 2025, was HKD 173,151,000, a slight decrease from HKD 179,187,000 in the previous year[3]. - Gross profit increased to HKD 50,713,000 for the six months ended September 30, 2025, compared to HKD 48,564,000 for the same period in 2024, reflecting a gross margin improvement[3]. - The company reported a pre-tax profit of HKD 22,381,000 for the six months ended September 30, 2025, up from HKD 19,383,000 in the previous year[3]. - Total comprehensive income for the period was HKD 20,445,000, compared to HKD 16,993,000 for the same period in 2024[4]. - The group achieved a total segment profit of HKD 50,400,000 for the six months ended September 30, 2025, compared to HKD 47,511,000 in 2024, marking an increase of about 4.0%[12][13]. Revenue Breakdown - For the six months ended September 30, 2025, total revenue was HKD 173,151,000, a decrease from HKD 179,187,000 for the same period in 2024, representing a decline of approximately 3.8%[12][13]. - The external revenue from ship leasing and related services was HKD 52,176,000 for the six months ended September 30, 2025, down from HKD 75,995,000 in 2024, indicating a significant decrease of about 31.4%[12][18]. - The maritime construction services segment reported external revenue of HKD 107,487,000 for the six months ended September 30, 2025, an increase from HKD 89,923,000 in 2024, reflecting a growth of approximately 19.4%[12][18]. Expenses and Costs - Administrative expenses for the six months ended September 30, 2025, were HKD 30,442,000, slightly higher than HKD 30,322,000 in 2024[12][21]. - The financing costs decreased to HKD 275,000 for the six months ended September 30, 2025, down from HKD 422,000 in 2024, representing a reduction of approximately 34.8%[21]. - The income tax expense for the six months ended September 30, 2025, was HKD 1,934,000, compared to HKD 2,388,000 in 2024, indicating a decrease of about 19.0%[22]. - Cost of revenue decreased by approximately 6.3% to HKD 122,438,000 from HKD 130,623,000 in the same period last year, mainly due to reduced leasing expenses and costs related to short-term maritime services[41]. Assets and Liabilities - Non-current assets decreased from HKD 158,235,000 as of March 31, 2025, to HKD 148,145,000 as of September 30, 2025[5]. - Current assets increased from HKD 282,270,000 as of March 31, 2025, to HKD 288,481,000 as of September 30, 2025[5]. - The company's total equity increased from HKD 307,828,000 as of March 31, 2025, to HKD 314,353,000 as of September 30, 2025[6]. - Total trade receivables as of September 30, 2025, amounted to HKD 75.176 million, down from HKD 77.580 million as of March 31, 2025, reflecting a decrease of about 3%[29]. - Trade payables as of September 30, 2025, were HKD 33.187 million, a decrease from HKD 37.464 million as of March 31, 2025, indicating a reduction of about 11%[31]. Dividends and Shareholder Returns - The board of directors did not recommend the payment of an interim dividend for the six months ended September 30, 2025[2]. - The company declared a final dividend of HKD 0.01 per share for the year ending March 31, 2025, totaling HKD 10 million, consistent with the previous year[8]. Strategic Outlook - The company has established a new business division focused on trading maritime and construction-related machinery and equipment, which is expected to diversify revenue sources and enhance operational returns[37]. - The company anticipates a gradual decrease in demand for ship leasing and related services due to the completion of several maritime construction projects initiated by the Hong Kong government[37]. - The company has secured subcontracting agreements worth approximately HKD 540 million, providing a stable revenue stream until March 2027[37]. - The company plans to continue investing in its fleet and exploring other opportunities to capitalize on market prospects[38]. - Management maintains a cautious yet optimistic outlook for continued revenue and profit growth in ship leasing, management, and maritime construction services[39]. Corporate Governance - The company adheres to high corporate governance standards, ensuring shareholder interests and enhancing corporate value[61]. - The audit committee independently reviews the group's financial reporting procedures and internal control systems[63]. - The board consists of two executive directors and three independent non-executive directors, ensuring a high level of independence[63]. - The company maintains sufficient public float as required by the listing rules[64]. - There have been no changes in director information that require disclosure since the last annual report[65]. - The company has adopted the standard code for securities transactions by directors and confirmed compliance during the reporting period[62]. - The chairman and CEO roles are held by the same individual, which the board believes benefits the group's management[61]. - The board includes experienced members with appropriate qualifications and expertise[63].
润利海事(02682) - 2026 - 中期业绩