Financial Performance - For the six months ended September 30, 2025, the revenue was approximately HKD 55,993,000, a decrease of about 22% compared to HKD 72,141,000 in the same period last year[4] - The loss attributable to equity holders of the company for the six months ended September 30, 2025, was approximately HKD 5,801,000, compared to a net loss of approximately HKD 480,000 in the same period last year[4] - The operating loss for the six months ended September 30, 2025, was HKD 5,711,000, compared to an operating loss of HKD 288,000 in the same period last year[6] - The company reported a gross profit of HKD 4,726,000 for the six months ended September 30, 2025, down from HKD 8,579,000 in the same period last year[6] - Reported segment profit for the six months ended September 30, 2025, was HKD 5,022,000, down from HKD 8,926,000 in 2024, indicating a decrease of about 43.5%[17] - The company reported a loss before tax of HKD 5,801,000 for the six months ended September 30, 2025, compared to a loss of HKD 480,000 in the same period of 2024[17] - The basic and diluted loss per share for the six months ended September 30, 2025, was HKD 1.78, compared to HKD 0.15 in the same period last year[6] - Basic loss per share for the six months ended September 30, 2025, was HKD 0.0177, compared to HKD 0.0015 for the same period in 2024[21] Cash Flow and Assets - The net cash used in operating activities for the six months ended September 30, 2025, was HKD 5,819,000, compared to HKD 2,077,000 in the same period last year[8] - The total assets less current liabilities as of September 30, 2025, amounted to HKD 73,677,000, compared to HKD 77,145,000 as of March 31, 2025[7] - The cash and cash equivalents as of September 30, 2025, were HKD 84,947,000, a decrease from HKD 87,196,000 as of March 31, 2025[8] - The company’s total equity attributable to equity holders decreased to HKD 71,275,000 as of September 30, 2025, from HKD 77,145,000 as of March 31, 2025[7] - Trade receivables as of September 30, 2025, amounted to HKD 30,405,000, significantly reduced from HKD 60,824,000 as of March 31, 2025, reflecting a decrease of approximately 50%[23] - The group’s total cash and bank balances amounted to approximately HKD 84,947,000 as of September 30, 2025[33] - The net current assets of the group were approximately HKD 69,821,000 as of September 30, 2025, with total borrowings of approximately HKD 9,278,000[35] Revenue Breakdown - Revenue from the rail transit business was approximately HKD 28,254,000, a decrease of about 29% from HKD 39,583,000 in the same period last year[28] - Revenue from the CRM business was approximately HKD 27,739,000, a decrease of about 15% from HKD 32,558,000 in the previous year[29] - The company’s segment revenue from China for the six months ended September 30, 2025, was HKD 54,598,000, down from HKD 70,428,000 in 2024, a decline of approximately 22.5%[16] - The company’s segment revenue from Hong Kong for the same period was HKD 3,089,000, down from HKD 3,536,000 in 2024, a decrease of about 12.7%[16] Expenses - Sales expenses were approximately HKD 3,573,000, a decrease of about 25% compared to HKD 4,742,000 in the previous year[29] - Administrative expenses increased by approximately 49% to HKD 8,512,000, primarily due to impairment losses on trade receivables and office relocation costs[29] - The company’s financial costs for the six months ended September 30, 2025, were HKD 90,000, down from HKD 192,000 in 2024, indicating a reduction of approximately 53.1%[17] - The employee costs for the six months ended September 30, 2025, were approximately HKD 9,582,000, a decrease from HKD 9,848,000 in the previous year[34] Corporate Governance - The company has adopted a code of conduct for securities trading for its directors, ensuring compliance with GEM Listing Rules from September 30, 2025[42] - The company has consistently applied and adhered to the principles and provisions of the corporate governance code as per GEM Listing Rules Appendix C1 during the review period[43] - There are no conflicts of interest reported among directors, controlling shareholders, or their associates in any business that directly or indirectly competes with the company[44] - No shares of the company were purchased, sold, or redeemed by any member of the group during the review period[45] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited performance for the six months ending September 30, 2025, and confirmed compliance with applicable accounting standards and regulations[46] Shareholder Information - The major shareholder, Li Jiancheng, held 50.52% of the company's ordinary shares, with additional interests through related entities[39] - The group had a total of 147 employees as of September 30, 2025, down from 154 employees in the previous year[34] Investment and Future Strategy - The company is investing heavily in R&D, utilizing AI technology to enhance operational safety and reduce costs[26] - The CRM business is expanding in the Greater Bay Area, with significant growth opportunities in finance, e-commerce, and government sectors[26] - The company is adapting its business strategy to address increased competition and changing market demands in the rail transit and CRM sectors[26] - The total amount raised from the subscription was HKD 80.0 million, with a net amount of approximately HKD 79.0 million after expenses and professional fees[32] - As of September 30, 2025, the actual use of the funds from the 2016 subscription included HKD 30.0 million for existing vehicle information systems and HKD 41.1 million for the development of smart city projects[32] - The company has utilized all funds from the 2016 subscription according to the originally disclosed purposes[32]
国联通信(08060) - 2026 - 中期业绩