Financial Performance - For the six months ended September 30, 2025, the company's revenue was HKD 163,736,000, a decrease of 3.0% from HKD 168,758,000 in the same period of 2024[2]. - The operating profit for the same period was HKD 26,879,000, representing an increase of 5.1% compared to HKD 25,569,000 in 2024[3]. - The profit attributable to shareholders from continuing operations was HKD 18,041,000, up 7.6% from HKD 16,775,000 in the previous year[3]. - The total comprehensive income for the period was HKD 22,361,000, compared to HKD 25,133,000 in 2024, reflecting a decrease of 11.1%[4]. - The company reported a basic earnings per share of HKD 3.7 from continuing operations, compared to HKD 3.4 in the previous year[3]. - Adjusted EBITDA for the reporting segments was HKD 32,920,000, an increase of 10.3% from HKD 29,841,000 year-over-year[19]. - Profit before tax for continuing operations was HKD 26,677,000, an increase of 6.9% compared to HKD 24,955,000 in the previous year[19]. - The group recorded a net profit of approximately HKD 18.0 million for the six months ending September 30, 2025, compared to HKD 14.3 million for the same period in 2024, representing an increase attributed to the cessation of the life entertainment business[49]. Assets and Liabilities - The company's total assets as of September 30, 2025, were HKD 409,790,000, an increase from HKD 396,538,000 as of March 31, 2025[5]. - Current liabilities decreased to HKD 198,714,000 from HKD 264,094,000, indicating improved liquidity[6]. - The net asset value increased to HKD 273,080,000 from HKD 250,719,000, showing a growth of 8.9%[6]. - Total assets for the reporting segments amounted to HKD 423,093,000, down from HKD 456,673,000, reflecting a decrease of 7.3%[18]. - Total liabilities for the reporting segments decreased to HKD 149,979,000 from HKD 211,243,000, a reduction of 29.0%[18]. - Trade and other receivables amounted to HKD 82,269,000 as of September 30, 2025, compared to HKD 74,309,000 as of March 31, 2025[33]. - Trade payables were HKD 25,299,000 as of September 30, 2025, an increase from HKD 20,846,000 as of March 31, 2025[36]. Revenue Streams - The group's revenue from property management contracts in mainland China reached HKD 150,363,000 for the six months ended September 30, 2025, compared to HKD 148,431,000 in the same period of 2024, reflecting a slight increase[16]. - Revenue from value-added services related to property management in mainland China was HKD 13,373,000, down from HKD 20,327,000 year-on-year, indicating a decline of approximately 34%[16]. - The total revenue for the group from customer contracts was HKD 163,736,000 for the current period, compared to HKD 168,758,000 in the previous period, showing a decrease of about 3%[16]. - The company recorded property management contract revenue of approximately HKD 150.4 million for the six months ended September 30, 2025, compared to HKD 148.4 million for the same period in 2024, indicating stability in revenue[47]. - Revenue from property management-related value-added services decreased from HKD 20.3 million for the six months ended September 30, 2024, to HKD 13.4 million for the same period in 2025, a reduction of HKD 6.9 million[48]. Operational Changes - The group has terminated its operations in the life entertainment sector in Hong Kong, which included the sale of food, beverages, and tobacco products[14]. - The company decided to terminate its entertainment business due to ongoing challenges, with operations ceasing after the lease agreement expires in June 2024[41]. - The company maintained a focus on core property management capabilities while implementing strict cost control and streamlined operations[45]. - The group plans to fully terminate its leisure business in Hong Kong by 2024, reallocating resources to more stable and growth-potential core business areas[63]. Cost Management - Financing costs decreased significantly to HKD 202,000 from HKD 614,000, indicating improved financial management[3]. - Employee costs decreased by approximately 3.8% or HKD 2.4 million to about HKD 60.6 million for the six months ending September 30, 2025, primarily due to outsourcing most security services since April 2024[51]. - Utility and maintenance expenses decreased by 12.5% or HKD 2.0 million to HKD 14.0 million for the six months ending September 30, 2025, mainly due to the implementation of energy-saving measures[52]. - Other operating expenses increased by approximately 11.8% or HKD 2.3 million to HKD 21.8 million for the six months ending September 30, 2025, primarily due to increased security costs following outsourcing arrangements[53]. Governance and Compliance - The financial report was prepared in accordance with Hong Kong Accounting Standards (HKAS) 34, ensuring compliance with applicable disclosure requirements[9]. - The group has not adopted any new accounting standards or interpretations that have not yet come into effect during the reporting period[10]. - The audit committee has reviewed the accounting principles and processes adopted by the group and has no objections to the unaudited consolidated results for the six months ending September 30, 2025[70]. - The company has adopted the corporate governance code and confirms compliance with the standards as of September 30, 2025[68]. Future Outlook - The company anticipates continued growth in its core business segments, supported by strategic initiatives and market expansion efforts[18]. - The group is committed to continuously evaluating its strategic development to identify viable opportunities for revenue expansion, including potential business projects and investment plans[60]. - The group remains cautiously optimistic about the profitability prospects of its property management business despite ongoing challenges in the Chinese real estate sector[63]. - The group will continue to evaluate potential business and investment opportunities that align with its core competencies and financial goals[63]. Employee and Workforce - The group has 818 employees as of September 30, 2025, down from 873 employees on March 31, 2025[62].
奥克斯国际(02080) - 2026 - 中期业绩