Financial Performance - The Group's revenue increased from approximately HK$75.6 million for the six months ended 30 September 2024 to approximately HK$82.0 million, representing an increase of approximately 8.4%[11] - The Group's gross profit rose by approximately 11.8%, from approximately HK$25.3 million for the six months ended 30 September 2024 to approximately HK$28.2 million for the same period in 2025[11] - The gross profit margin improved to approximately 34.4% for the six months ended 30 September 2025, compared to 33.4% for the same period in 2024[11] - Profit attributable to owners of the Company decreased slightly from approximately HK$6.1 million for the six months ended 30 September 2024 to approximately HK$6.0 million for the same period in 2025[11] - Basic and diluted earnings per share were approximately HK1.00 cents for the six months ended 30 September 2025, down from approximately HK1.02 cents in 2024[11] - Operating profit for the six months ended 30 September 2025 was approximately HK$8.7 million, compared to approximately HK$8.0 million for the same period in 2024[14] - The Group reported a profit for the period of approximately HK$6.5 million for the six months ended 30 September 2025, slightly down from approximately HK$6.6 million in 2024[14] - Total comprehensive income for the period attributable to owners of the Company was HK$5,884,590, down from HK$5,963,259, reflecting a decrease of 1.32%[16] Assets and Liabilities - Total assets as of September 30, 2025, increased to HK$206,986,629 from HK$179,904,531 as of March 31, 2025, representing a growth of 15.06%[21] - Non-current assets rose to HK$59,818,594, up from HK$44,225,400, marking an increase of 35.4%[18] - Current liabilities increased significantly to HK$69,705,667 from HK$48,655,999, indicating a rise of 43.2%[21] - Total equity as of September 30, 2025, was HK$136,238,354, up from HK$129,817,056, representing a growth of 4.0%[21] - Trade receivables increased to HK$79,062,857 from HK$70,287,776, reflecting a growth of 12.1%[18] - Inventories rose to HK$20,986,362 from HK$17,028,661, an increase of 23.0%[18] Cash Flow and Financing - Cash and cash equivalents decreased to HK$27,783,105 from HK$33,449,188, a decline of 17.0%[21] - Net cash used in operating activities decreased to HK$5,700,424 for the six months ended 30 September 2025, compared to HK$8,726,680 in the same period of 2024, representing a reduction of approximately 34.7%[26] - Cash flows from investing activities showed a significant increase in net cash used, totaling HK$8,308,912, compared to HK$377,020 in the prior year, indicating a rise of over 2100%[26] - The company generated HK$8,425,654 from financing activities, a substantial increase from HK$598,607 in the previous year, reflecting a growth of approximately 1305%[26] - Proceeds from bank borrowings increased to HK$10,000,000 in the current period, up from HK$7,000,000 in the previous year, indicating a growth of approximately 42.9%[26] - Total bank borrowings surged to HK$25,470,245 as of September 30, 2025, compared to HK$6,974,700 as of March 31, 2025, indicating a significant increase of 264.5%[92] Impairment and Provisions - The provision for impairment loss on trade and retention receivables increased to approximately HK$3.6 million for the six months ended 30 September 2025, compared to approximately HK$886,181 in 2024[14] - The Group's provision for impairment loss on trade and retention receivables increased to HK$15,080,688 as of 30 September 2025, compared to HK$11,455,780 as of 31 March 2025[76] - The opening amount for the provision for impairment loss on contract assets was HK$50,780 as of September 30, 2025, compared to HK$24,494 in the previous year, showing a rise of 106.5%[87] Employee and Operational Costs - Employee benefit expenses increased to HK$17,209,404 from HK$14,684,779 in 2024, reflecting a growth of 17.3%[53] - General and administrative expenses remained stable at approximately HK$16.1 million for both periods[121] Dividends and Share Capital - The Board does not recommend the payment of an interim dividend for the six months ended 30 September 2025, consistent with the previous year[11] - The company has not purchased, sold, or redeemed any shares during the six months ended September 30, 2025[184] - A final dividend of HK$0.5 cent per share, totaling HK$2,987,220, was declared for the year ended March 31, 2025, and paid in October 2025[185] Corporate Governance and Management - The Audit Committee has reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2025[193] - The Group maintains a prudent financial management approach and has ensured a healthy liquidity position throughout the reporting period[151] - The Group closely monitors its liquidity position to meet funding requirements effectively[151] - The Group does not have any significant contingent liabilities as of September 30, 2025, and 2024[156]
邝文记(08023) - 2026 - 中期业绩