Financial Performance - For the six months ended September 30, 2025, the group recorded revenue of approximately HKD 815.5 million, an increase of approximately HKD 567.3 million or 228.6% compared to HKD 248.2 million for the same period in 2024[3] - Gross profit for the same period was approximately HKD 84.2 million, up by approximately HKD 39.8 million or 89.6% from HKD 44.4 million in 2024, with a gross margin of approximately 10.3%[3] - The profit attributable to owners of the company was approximately HKD 15.1 million, a turnaround from a loss of approximately HKD 26.6 million in the same period of 2024[3] - Adjusted EBITDA increased from approximately HKD 15.9 million for the six months ended September 30, 2024, to approximately HKD 36.1 million for the same period in 2025[3] - Basic and diluted earnings per share for the six months ended September 30, 2025, were approximately HKD 0.55, compared to a loss of approximately HKD 1.06 per share in 2024[3] - Total comprehensive income for the period was approximately HKD 15.5 million, compared to a loss of approximately HKD 25.6 million in the same period of 2024[5] Revenue Breakdown - For the six months ended September 30, 2025, total revenue from external customers reached HKD 815,529,000, a significant increase from HKD 248,176,000 for the same period in 2024, representing a growth of approximately 228%[21] - Revenue from Hong Kong increased to HKD 310,846,000 in 2025, up from HKD 232,342,000 in 2024, reflecting a growth of about 34%[21] - Revenue from the People's Republic of China surged to HKD 427,496,000 in 2025, compared to HKD 15,834,000 in 2024, indicating an increase of over 2600%[21] - The construction and renovation segment generated external revenue of HKD 25,728,000, while the reverse supply chain management and environmental services segment contributed HKD 789,801,000, totaling HKD 815,529,000 for the period[18] - Revenue from reverse supply chain management and environmental services reached HKD 789,801,000 for the six months ended September 30, 2025, compared to HKD 157,443,000 in 2024, marking an increase of 401%[23] Assets and Equity - Non-current assets increased to approximately HKD 483.6 million as of September 30, 2025, from HKD 341.6 million as of March 31, 2025[6] - Current assets totaled approximately HKD 519.8 million as of September 30, 2025, compared to HKD 537.7 million as of March 31, 2025[6] - The company's total equity attributable to owners increased to approximately HKD 624.9 million as of September 30, 2025, from HKD 467.1 million as of March 31, 2025[7] Dividends and Share Issuance - The board has resolved not to declare any interim dividend for the six months ended September 30, 2025, consistent with the previous year[3] - The company issued a total of 86,940,000 reward shares under its share incentive plan, representing 6.93% of the existing issued share capital as of October 12, 2023[52] - The company raised approximately HKD 129.3 million from the placement of 21,553,000 new shares at a price of HKD 6.0 per share on December 24, 2024, with a net amount of approximately HKD 129.2 million after expenses[53] Expenses and Costs - Total interest expenses for the six months ended September 30, 2025, amounted to HKD 2,056,000, an increase from HKD 1,784,000 in 2024[26] - Operating expenses decreased by approximately HKD 10.1 million or 13.7% to about HKD 63.8 million for the six months ended September 30, 2025, compared to HKD 73.9 million in 2024[65] - Total salary and related costs for the six months ended September 30, 2025, amounted to approximately HKD 23.4 million, compared to HKD 54.7 million for the six months ended September 30, 2024[77] Acquisitions and Investments - The company completed the acquisition of 100% equity in Green Jade on May 13, 2025, with a total consideration of approximately HKD 39.3 million, paid through the issuance of 4,545,455 new shares at a price of HKD 8.65 per share[55] - The company agreed to acquire 100% of Green Jade Reverse Logistics Limited for HKD 35,000,000, issuing 4,545,455 new shares at HKD 7.7 per share[87] - The acquisition was completed on May 13, 2025, with a total value of approximately HKD 39,318,000 based on the closing price on that date[87] Loans and Financing - Interest income from loans to independent third parties was HKD 1,125,000 for the six months ended September 30, 2025, down from HKD 2,846,000 in 2024[25] - The company provided a loan of USD 7,000,000 (approximately HKD 54,411,000) to the borrower at a 5% annual interest rate, with a three-year maturity[91] - The loan amount was increased by USD 3,000,000 (approximately HKD 23,319,000) under an appendix to the financing agreement[91] Corporate Governance and Compliance - The company has adopted and complied with the corporate governance code as per the listing rules[105] - The audit committee, established on July 25, 2018, is responsible for reviewing financial statements and overseeing external auditors[107] - The interim financial statements for the six months ended September 30, 2025, were reviewed and approved by the audit committee, ensuring compliance with applicable accounting standards[108] Future Outlook - The company plans to continue expanding its reverse supply chain management and environmental services, leveraging self-developed technology for battery recycling and energy storage systems[58] - The company anticipates continued growth in the reverse supply chain management and environmental services sector, which aligns with global green business trends[61]
晋景新能(01783) - 2026 - 中期业绩