Financial Performance - The total revenue for the period was approximately HKD 658.8 million, a decrease of about HKD 61.9 million or 8.6% compared to the previous period's revenue of HKD 720.7 million[2]. - The profit and total comprehensive income for the period was approximately HKD 3.1 million, a decrease of about HKD 10.4 million or 77.0% from the previous period's HKD 13.5 million, primarily due to increased administrative expenses[2]. - Basic earnings per share for the period was HKD 0.01, down from HKD 0.04 in the previous period[3]. - The group reported a gross profit of HKD 74.6 million, an increase from HKD 66.7 million in the previous period, indicating a positive trend in gross margin despite the decline in total revenue[3]. - The net profit before tax for the six months ended September 30, 2025, was HKD 5,289,000, down from HKD 15,186,000 in 2024, indicating a decline of 65.1%[14]. - The basic earnings per share for the six months ended September 30, 2025, was HKD 0.008, a decrease of 80% from HKD 0.045 in 2024[22]. - Profit and total comprehensive income for the period was approximately HKD 3.1 million, a decrease of about HKD 10.4 million or 77.0% from HKD 13.5 million in the previous period[34]. Expenses and Liabilities - Administrative expenses increased significantly to HKD 41.1 million from HKD 21.6 million in the previous period, contributing to the decline in overall profit[3]. - Operating expenses totaled approximately HKD 77.8 million, an increase of about HKD 20.7 million or 36.3% compared to HKD 57.1 million in the previous period, driven by increased operational costs related to business development in China[33]. - The total employee cost, including directors' remuneration, reached approximately HKD 73.1 million, an increase from HKD 64.8 million in the previous period[43]. - Total bank borrowings as of September 30, 2025, amounted to approximately HKD 76.9 million, up from HKD 22.5 million as of March 31, 2025[35]. Assets and Equity - The group’s cash and cash equivalents decreased to HKD 66.0 million from HKD 160.9 million, reflecting a significant reduction in liquidity[4]. - The net asset value decreased to HKD 191.1 million from HKD 222.6 million, reflecting a decline in overall equity[5]. - Net current assets were approximately HKD 105.9 million as of September 30, 2025, down from HKD 148.9 million as of March 31, 2025[36]. - The total trade receivables as of September 30, 2025, amounted to HKD 163,061,000, down from HKD 189,344,000 as of March 31, 2025, reflecting a decrease of 13.8%[23]. - The total trade and other payables as of September 30, 2025, were HKD 209,546,000, a decrease of 31.1% from HKD 304,568,000 as of March 31, 2025[25]. Dividends - The group has not declared an interim dividend for the period, consistent with the previous period[2]. - The company declared a special dividend of HKD 0.10 per share for the year ended March 31, 2025, compared to no special dividend in 2024[20]. - The company has not declared an interim dividend for the six months ended September 30, 2025, consistent with the previous year[21]. - The company did not declare an interim dividend for this period, compared to none in the previous period[44]. Business Operations - The company continues to focus on providing IT infrastructure solutions and IT management services, with no new product launches or significant market expansions reported during this period[6]. - The group plans to enhance competitiveness by actively seeking new market opportunities and supply and demand[48]. - The company remains confident about the future, focusing on providing quality IT services and steadily developing its AI business[48]. - The group did not engage in any major acquisitions or disposals of subsidiaries, associates, or joint ventures during this period[46]. - There were no significant investments held by the group during this period[45]. Governance and Compliance - The company has complied with all applicable corporate governance codes, except for the separation of the roles of Chairman and CEO[50][51]. - The audit committee reviewed the interim results and found no issues with the accounting policies adopted by the company[53]. Employee Initiatives - The company has implemented employee education subsidy programs and health check plans to improve employee loyalty and retention[43]. - The group has adopted a share option plan and a share award plan to incentivize eligible employees[43].
美高域(01985) - 2026 - 中期业绩