凯联国际酒店(00105) - 2026 - 中期业绩

Financial Performance - The company's revenue for the six months ended September 30, 2025, was HKD 148,202,000, a decrease of 2.4% compared to HKD 151,747,000 for the same period in 2024[4] - Gross profit for the same period was HKD 99,785,000, down 3.4% from HKD 103,318,000 year-on-year[4] - The operating loss after investment property valuation changes was HKD 131,575,000, significantly improved from a loss of HKD 472,005,000 in the previous year[4] - The company reported a pre-tax loss of HKD 134,848,000, compared to a pre-tax loss of HKD 477,501,000 in the prior period, indicating a reduction in losses[4] - Basic and diluted loss per share was HKD 0.41, an improvement from HKD 1.36 in the same period last year[4] - For the six months ended September 30, 2025, the company's operating profit before changes in investment property valuation was HKD 89.7 million, a decrease of approximately 7.3% compared to the same period last year[23] - The company's loss attributable to equity shareholders for the six months ended September 30, 2025, was HKD 148.4 million, significantly improved from a loss of HKD 490.9 million in the same period last year[23] Assets and Equity - Total assets as of September 30, 2025, were HKD 7,266,433,000, a decrease from HKD 7,479,067,000 as of March 31, 2025[5] - The total equity of the company as of September 30, 2025, was HKD 6,931.3 million, down from HKD 7,148.1 million as of March 31, 2025[23] Cash Flow and Financing - The company’s cash and cash equivalents increased to HKD 555,358,000 from HKD 510,838,000, reflecting improved liquidity[5] - Financing costs decreased to HKD 3,273,000 from HKD 5,496,000, indicating a reduction in interest expenses[15] - The company has a bank credit utilization of HKD 200 million as of September 30, 2025, with a capital debt ratio of 2.9%[23] Income and Revenue Sources - Other income for the period was HKD 8,561,000, down 25.1% from HKD 11,438,000 in the previous year[14] - The rental income from the International Plaza for the same period was approximately HKD 147 million, down about 2.3% year-on-year, with an occupancy rate of 74.8% as of September 30, 2025, compared to 77.0% a year earlier[23] - The company has a diversified customer base, with one customer contributing approximately HKD 19,395,000, representing over 10% of total revenue[11] Dividends and Shareholder Information - The interim dividend declared is HKD 0.14 per share for the six months ended September 30, 2025, compared to HKD 0.16 per share for the same period last year, totaling HKD 50.4 million[17] Employee and Governance - The company employed 34 staff members as of September 30, 2025, with related expenses of approximately HKD 13.5 million for the period[23] - The company has complied with the Corporate Governance Code as per the Hong Kong Stock Exchange rules, except for the lack of insurance arrangements for directors facing legal actions[29] - The board has reviewed the need for an internal audit function and determined that the current risk management and internal control systems are sufficient, thus no immediate need for such a function exists[30] - The company has not disclosed the remuneration details of senior management by salary band in the annual report, believing that such disclosure could lead to inappropriate comparisons among employees[30] - All directors have confirmed compliance with the Standard Code for Securities Transactions during the six months ending September 30, 2025[31] Future Outlook - The company anticipates that rental income and operating performance for the second half of the year will be negatively impacted despite interest rate cuts and government measures to boost the economy[24] Reporting - The interim report for the six months ending September 30, 2025, will be published on the Hong Kong Stock Exchange and the company's website at an appropriate time[32] Securities Transactions - The company has not repurchased, sold, or redeemed any of its listed securities during the six months ended September 30, 2025[28]