Financial Performance - The company's revenue for the six months ended September 30, 2025, was HKD 178,166,000, a decrease of 24.4% compared to HKD 235,785,000 for the same period in 2024[8] - Gross profit for the same period was HKD 7,353,000, down 69.3% from HKD 23,998,000 year-on-year[8] - The company reported a loss before tax of HKD 20,102,000, compared to a profit of HKD 10,385,000 in the previous year[8] - Basic loss per share was HKD 2.52, compared to earnings of HKD 1.13 per share in the same period last year[8] - The company incurred a total comprehensive loss of HKD (20,139) thousand for the six months ended September 30, 2025, compared to a total comprehensive income of HKD 9,010 thousand for the same period in 2024[10] - The group recorded a loss attributable to owners of approximately HKD 20.1 million for the period, compared to a profit of HKD 9.0 million in the previous period[65] Assets and Liabilities - Non-current assets decreased to HKD 54,856,000 from HKD 65,686,000 as of March 31, 2025[9] - Current assets increased to HKD 334,945,000 from HKD 313,660,000 as of March 31, 2025[9] - Current liabilities rose to HKD 264,418,000 from HKD 233,621,000 as of March 31, 2025[9] - Total equity decreased to HKD 124,789,000 from HKD 144,928,000 as of March 31, 2025[9] - The company’s total equity as of September 30, 2025, was HKD 124,789 thousand, down from HKD 166,130 thousand as of September 30, 2024, representing a decrease of approximately 24.9%[10] - The company’s retained earnings decreased to HKD 80,457 thousand as of September 30, 2025, from HKD 121,798 thousand as of September 30, 2024, reflecting a decline of approximately 33.9%[10] Cash Flow - For the six months ended September 30, 2025, the company reported a net cash outflow from operating activities of HKD (16,666) thousand, compared to a net inflow of HKD 13,855 thousand for the same period in 2024[12] - The company reported a net cash outflow from investing activities of HKD (3,275) thousand for the six months ended September 30, 2025, compared to a net outflow of HKD (28,031) thousand in the same period of 2024, indicating an improvement in cash flow management[12] - The company’s financing activities resulted in a net cash outflow of HKD (340) thousand for the six months ended September 30, 2025, compared to a net inflow of HKD 5,348 thousand in the same period of 2024, reflecting a shift in financing strategy[12] Revenue Sources - The company generated HKD 177,969 thousand in customer contract revenue from renovation and construction services for the six months ended September 30, 2025, compared to HKD 235,588 thousand in the same period of 2024, indicating a decline of approximately 24.5%[21][22] - Property rental income for the six months ended September 30, 2025, was HKD 197 thousand, consistent with the same amount reported in the previous year[21][22] Employee Costs - Total employee costs for the period were HKD 15,741,000, a decrease of 2.75% from HKD 16,186,000 in the previous year[24] - The total employee cost for the period is approximately HKD 15.7 million, compared to HKD 16.2 million for the six months ending September 30, 2024[86] Investments and Loans - The company has a loan to a joint venture amounting to HKD 56,378,000 as of September 30, 2025, with a provision for credit losses of HKD 30,480,000[32] - The company has committed to provide a shareholder loan of HKD 40 million to the joint venture Acasa during the property reconstruction period, with no loans provided as of September 30, 2025[70] Shareholder Information - As of September 30, 2025, Mr. Liang and Mr. Ho each hold 574,170,000 shares, representing approximately 71.8% of the company's ordinary shares[87] - The major shareholders, Sharp Talent and Diamondfield, are considered to hold a combined interest of 71.0% in the company's issued share capital[92] Corporate Governance - The Audit Committee has been established in accordance with the corporate governance code and GEM listing rules, consisting of three independent non-executive directors[100] - The Audit Committee is responsible for recommending the appointment, reappointment, and removal of external auditors to the Board[100] - The current executive directors include Mr. Leung Ka Ho and Mr. Ho Chi Kwan, with independent non-executive directors including Ms. Ho Wing Shan, Mr. Leung Hung Kwong, Mr. Mei Yi Wo, and Mr. Qiu Si Yang[103]
CHI HO DEV(08423) - 2026 - 中期业绩