Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 3,260,464, representing a 25.7% increase from HKD 2,594,448 in 2024[3] - Gross profit increased to HKD 767,223, up 3.0% from HKD 744,623, with a gross margin of 23.5%, down from 28.7%[3] - Operating profit rose by 15.4% to HKD 249,840, with an operating margin of 7.7%, compared to 8.3% in the previous year[3] - Net profit for the period was HKD 167,696, a slight increase of 1.1% from HKD 165,923, resulting in a net margin of 5.1%, down from 6.4%[3] - Basic and diluted earnings per share decreased by 4.6% to HKD 10.4 from HKD 10.9[3] - The profit attributable to the company's owners for the six months ended September 30, 2025, was HKD 141,377,000, a decrease from HKD 148,385,000 in 2024, representing a decline of approximately 6.8%[41] - Basic earnings per share for the period were HKD 141,377,000, down from HKD 148,385,000 in 2024, indicating a decline of about 4.5%[39] Assets and Liabilities - Total assets increased by 5.8% to HKD 12,608,479 from HKD 11,914,252[3] - Total liabilities rose to HKD 8,425,389 thousand, up from HKD 7,797,698 thousand, indicating an increase of around 8.0%[9] - Total assets as of September 30, 2025, amounted to HKD 12,608,479, up from HKD 11,914,252 as of March 31, 2025, reflecting an increase of approximately 5.8%[25][26] - Total liabilities as of September 30, 2025, were HKD 8,425,389, compared to HKD 7,797,698 as of March 31, 2025, representing an increase of about 8.0%[25][26] - The total equity increased to HKD 4,183,090 thousand from HKD 4,116,554 thousand, reflecting a growth of about 1.6%[9] - The company’s borrowings decreased slightly to HKD 248,268 thousand from HKD 253,829 thousand, a reduction of approximately 2.2%[9] Cash Flow - The net cash flow from operating activities was HKD 101,478 thousand for the six months ended September 30, 2025, a significant improvement from a negative cash flow of HKD 166,811 thousand in the same period last year[10] - Cash and cash equivalents decreased by 9.8% to HKD 1,406,817 from HKD 1,560,253[3] - The company reported a net cash outflow from investing activities of HKD 493,864 thousand, compared to HKD 368,668 thousand in the previous year, indicating increased investment activity[10] Segment Performance - The group’s segment performance showed that the die-casting machines generated revenue of HKD 2,263,178 for the six months ended September 30, 2025, compared to HKD 1,622,828 in the same period of 2024, marking a growth of approximately 39.4%[28] - The injection molding machines reported revenue of HKD 920,164 for the six months ended September 30, 2025, up from HKD 881,269 in the same period of 2024, indicating an increase of about 4.4%[28] - The CNC machining center generated revenue of HKD 77,122 for the six months ended September 30, 2025, a decrease from HKD 90,351 in the same period of 2024, reflecting a decline of approximately 14.6%[28] Market and Product Development - The company plans to focus on market expansion and new product development in the upcoming periods[4] - The company is focusing on the development of TPI magnesium alloy semi-solid forming equipment, which has gained market recognition and is expected to drive further growth in the magnesium alloy die-casting sector[56] - The company continues to expand its presence in various sectors, including smart wearables and electric vehicles, enhancing its competitive edge in magnesium alloy applications[56] Employee and Operational Costs - Employee costs decreased to HKD 492,935,000 from HKD 544,427,000, a reduction of about 9.4% year-on-year[32] - The group’s research costs were HKD 56,196,000, slightly up from HKD 55,342,000 in the previous year, reflecting a marginal increase of about 1.5%[32] Corporate Governance - The company has adhered to all corporate governance codes as per the listing rules during the review period[75] - The board of directors includes Chairperson Zhang Qiaoying and executive directors Liu Zhuoming and Xie Xiaosi[80] - Independent non-executive directors include Liu Shaoji, Lu Minghua, and Yin Zijing[81]
力劲科技(00558) - 2026 - 中期业绩