Financial Performance - The total revenue for the six months ended September 30, 2025, was approximately HKD 174.2 million, representing an increase of about 17.8% compared to HKD 147.97 million for the same period in 2024[3]. - The profit attributable to the owners of the company for the six months ended September 30, 2025, was approximately HKD 27.0 million, an increase of about 5.1% from HKD 25.66 million in the previous period[3]. - The basic and diluted earnings per share for the six months ended September 30, 2025, were both HKD 2.70, compared to HKD 2.57 for the same period in 2024[4]. - For the six months ended September 30, 2025, the company's profit attributable to owners was HKD 26,976,000, compared to HKD 25,664,000 for the same period in 2024, representing an increase of 5.1%[36]. - Basic earnings per share for the six months ended September 30, 2025, was HKD 2.70, up from HKD 2.57 in 2024, reflecting a growth of 5.1%[36]. - Profit for the period increased by approximately 7.3% to about HKD 27.4 million from approximately HKD 25.5 million in the previous period[54]. Revenue Breakdown - The revenue from elderly care services was HKD 131,720,000, up from HKD 109,503,000 in the previous year, reflecting a growth of 20.3%[27]. - Revenue from elderly home services accounted for 92.9% of total revenue, with HKD 73.1 million from the Social Welfare Department's purchase of beds under the Improvement Purchase Scheme and HKD 58.6 million from individual customers[51]. - Revenue from community care services increased to HKD 7.2 million, up from HKD 1.6 million in the previous period, representing a growth of 359%[51]. Assets and Liabilities - The total assets as of September 30, 2025, amounted to HKD 791.44 million, a decrease from HKD 809.57 million as of March 31, 2025[7]. - The total liabilities as of September 30, 2025, were HKD 339.75 million, down from HKD 367.34 million as of March 31, 2025[8]. - Non-current assets totaled HKD 698.92 million as of September 30, 2025, compared to HKD 716.80 million as of March 31, 2025[7]. - Current assets were HKD 92.53 million as of September 30, 2025, slightly down from HKD 92.77 million as of March 31, 2025[7]. - The total trade receivables as of September 30, 2025, amounted to HKD 20,836,000, an increase from HKD 16,001,000 as of March 31, 2025, indicating a growth of 30.0%[38]. - The total liabilities were HKD 339,747,000 as of September 30, 2025, compared to HKD 367,338,000 as of March 31, 2025, showing a reduction of 7.5%[25]. Dividends and Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2025, consistent with the previous period where no dividend was declared[3]. - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period, and holds no treasury shares[74]. - As of September 30, 2025, a total of 60 million share options were granted under the share option scheme, representing 6% of the company's issued share capital[78]. Employee and Operational Metrics - The net employee benefits expenses for the six months ended September 30, 2025, were HKD 71,079,000, compared to HKD 58,496,000 in 2024, representing a significant increase of 21.5%[35]. - Total full-time and part-time employees increased to 594 as of September 30, 2025, from 585 as of March 31, 2025[70]. - Employee benefits expenses increased from approximately HKD 58.5 million to about HKD 71.1 million, primarily due to the full operation of two nursing homes in Lam Tin starting in June and September 2024, which increased the workforce[52]. Capital Expenditure and Commitments - The capital expenditure for the six months ended September 30, 2025, was HKD 11,823,000, compared to HKD 3,646,000 in the same period last year, indicating a significant increase[22]. - The capital commitments for property and equipment as of September 30, 2025, were approximately HKD 7.0 million, slightly down from HKD 7.4 million as of March 31, 2025[40]. Future Plans and Market Position - The company aims to solidify its market position as a long-established private elderly care operator in Hong Kong and plans to expand its network of elderly care homes strategically[72]. - The group completed the acquisition of a nursing home in Tsuen Wan for HKD 2 million, which began operations in August 2025, providing approximately 192 beds[63]. - The group has plans to establish a new nursing home in Yuen Long, expected to start operations by the end of 2026, providing around 250 beds[65]. - A new elderly care home with 192 beds in Tsuen Wan commenced operations in August 2025, and a second phase with 146 beds in Lam Tin is expected to start operations in November 2025[72]. - The company completed the acquisition of four plots of land in Yuen Long in July 2021 to establish a new elderly care home, projected to provide around 250 beds and begin operations by the end of 2026[72]. Governance and Compliance - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with the standards set by the Hong Kong Stock Exchange[75]. - The company has adhered to all corporate governance code provisions during the reporting period, with a noted deviation regarding the separation of roles between the Chairman and CEO[79][80]. - The Audit Committee was established on May 20, 2019, consisting of three independent non-executive directors, with Mr. Ko Yan Fung as the chairman[81]. Market Trends - The government projects that by 2046, over one-third of Hong Kong residents will be aged 65 or older, totaling approximately 2.7 million people, leading to increased demand for elderly care services[71].
嘉涛(香港)控股(02189) - 2026 - 中期业绩