Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 52,590,000, an increase of 29% compared to HKD 40,768,000 for the same period in 2024[9] - Gross profit for the same period was HKD 13,508,000, representing a significant increase from HKD 5,851,000 in 2024, marking a gross margin improvement[9] - The company achieved a profit before tax of HKD 2,654,000, a turnaround from a loss of HKD 7,796,000 in the previous year[9] - Basic and diluted earnings per share for the period were HKD 0.66, compared to a loss per share of HKD 2.18 in the prior year[9] - The company reported a net profit of HKD 2,483,000 for the six months ended September 30, 2025, compared to a net loss of HKD 8,199,000 for the same period in 2024, representing a significant turnaround[30] - Cash generated from operating activities increased to HKD 19,451,000 in 2025 from HKD 5,243,000 in 2024, marking a growth of approximately 270%[15] - The company achieved a total comprehensive income of approximately HKD 2.5 million for the six months ended September 30, 2025, compared to a loss of approximately HKD 8.2 million for the same period in 2024[49] Assets and Liabilities - As of September 30, 2025, total assets amounted to HKD 142,907,000, up from HKD 141,025,000 as of March 31, 2025[12] - The company's cash and cash equivalents increased to HKD 17,131,000 from HKD 12,372,000, indicating improved liquidity[11] - Trade receivables decreased to HKD 15,249,000 from HKD 26,155,000, reflecting better collection efficiency[11] - Total liabilities decreased to HKD 31,842,000 from HKD 42,660,000, indicating a reduction in financial obligations[11] - The company’s total equity increased to HKD 94,674,000 as of September 30, 2025, up from HKD 92,191,000 at the beginning of the period[13] - The company’s debt-to-equity ratio improved to approximately 51.0% as of September 30, 2025, down from 56.9% as of March 31, 2025, indicating a stronger financial position[50] Cash Flow and Investments - The total cash and cash equivalents at the end of the period rose to HKD 17,131,000, up from HKD 13,244,000 in the previous year, indicating a net increase of HKD 4,759,000[15] - The net cash used in investing activities was HKD (8,966,000) for the six months ended September 30, 2025, an improvement from HKD (20,936,000) in 2024[15] - The company has no capital commitments as of September 30, 2025, compared to approximately HKD 8.6 million as of March 31, 2025[53] - The company has no significant investments as of September 30, 2025[57] Operational Highlights - The company plans to continue focusing on market expansion and product development to sustain growth in the upcoming periods[9] - The company has acquired new motors and other necessary components to replace old temporary cranes, aiming to consolidate its market position in the crane industry[73] - The company has purchased additional tower cranes to diversify revenue sources and capture market demand for tower crane rental services[73] - The company retained two general technicians and one sales manager to support its tower crane rental operations[73] Corporate Governance - The board of directors confirmed the accuracy and completeness of the financial information presented in the report, ensuring transparency for stakeholders[5] - The board believes that the dual role of the chairman and CEO held by Mr. Tang Hing Keung has provided strong and consistent leadership for the company[65] - The company has complied with all corporate governance code provisions as of September 30, 2025, except for the separation of the chairman and CEO roles[67] - The audit committee has reviewed the interim financial statements and believes they comply with applicable accounting standards and regulations[76] Shareholder Information - The major shareholders include Xingji Limited, which holds approximately 31.9% of the shares, with significant interests held by directors[62] - As of September 30, 2025, the company's issued share capital is HKD 3,760,000, with a total of 376,000,000 shares issued, each with a par value of HKD 0.01[52] - The company repurchased a total of 24,000,000 shares, representing 6% of the total issued shares, which were cancelled on October 14, 2022[52] - The company has not issued any stock options since the adoption of the stock option plan, with 40,000,000 options available for grant as of April 1, 2025, and September 30, 2025[68] Employee and Cost Management - The employee cost for the six months ended September 30, 2025, was approximately HKD 12.5 million, a decrease from HKD 13.5 million for the same period in 2024[59] - Administrative expenses decreased by approximately HKD 3.8 million to about HKD 9.4 million, primarily due to reduced losses from the sale of properties and lower employee costs[47] Risks and Future Outlook - The company faces foreign currency risks primarily from transactions in currencies other than its functional currency, with major currencies being RMB, EUR, and USD[55] - The company plans to adopt a proactive and cautious approach to its business strategy to enhance profitability and shareholder value in the future[42] - The board is not aware of any significant events that require disclosure after September 30, 2025[75] - The company has not identified any competing businesses or conflicts of interest among its directors and major shareholders as of September 30, 2025[69]
兴铭控股(08425) - 2026 - 中期业绩