Financial Performance - Revenue for the six months ended September 30, 2025, increased by approximately 8.9% to about HKD 476.3 million compared to HKD 437.2 million for the same period in 2024[9]. - Gross profit for the reporting period rose by approximately 7.9% to about HKD 76.4 million, up from HKD 70.9 million in the previous year[9]. - Profit attributable to owners of the company decreased by approximately 23.4% to about HKD 5.1 million, down from HKD 6.6 million in the same period last year[9]. - Basic earnings per share decreased by approximately 23.2% to HKD 0.63, compared to HKD 0.82 for the same period in 2024[9]. - The company reported a net profit of HKD 5,067,000 for the six months ended September 30, 2025, a decrease from HKD 6,618,000 in the same period of 2024, representing a decline of 23.4%[14]. - The company’s total comprehensive income for the six months ended September 30, 2025, was HKD 7,241,000, compared to HKD 9,074,000 for the same period in 2024, a decrease of 20.2%[14]. - The group achieved a net profit attributable to shareholders of HKD 5.1 million, a decrease of approximately 23.4% from HKD 6.6 million in the same period last year[58]. Revenue Breakdown - Revenue from IT infrastructure solutions was HKD 314,040,000, up 12.2% from HKD 279,700,000 year-over-year[26]. - Revenue from IT infrastructure management services increased to HKD 162,122,000, a rise of 3.5% compared to HKD 157,415,000 in the previous year[26]. - AI products and solutions generated revenue of HKD 102,000, a decrease of 10.5% from HKD 114,000 in the prior year[26]. Expenses and Cash Flow - Total operating expenses during the reporting period were approximately HKD 68.4 million, with about HKD 5.9 million allocated to support research and development in generative AI and the establishment of the Network and Security Operations Center (NOC/SOC)[9]. - The net cash used in operating activities for the six months ended September 30, 2025, was HKD 57,998,000, compared to HKD 47,196,000 for the same period in 2024, indicating a 22.5% increase in cash outflow[15]. - The company incurred cash outflows of HKD 3,619,000 for the purchase of property, plant, and equipment during the six months ended September 30, 2025, compared to HKD 251,000 in the same period of 2024, indicating a significant increase in capital expenditure[15]. Assets and Liabilities - Non-current assets as of September 30, 2025, totaled HKD 133.3 million, an increase from HKD 127.3 million as of March 31, 2025[12]. - Total assets as of September 30, 2025, amounted to HKD 585,878,000, compared to HKD 511,556,000 as of September 30, 2024[24]. - Total liabilities increased to HKD 386,862,000 from HKD 316,962,000 year-over-year[24]. - Current liabilities totaled HKD 297.1 million, slightly up from HKD 295.0 million as of March 31, 2025[12]. - The company’s non-current liabilities increased to HKD 89,811,000 as of September 30, 2025, from HKD 80,575,000 as of March 31, 2025, marking an increase of 11.5%[13]. Shareholder Information - Proposed final dividend per share is HKD 0.75, down from HKD 0.82 in the previous year, totaling HKD 6,025,000[31]. - Major shareholders include Mr. Mo with 91,800,000 shares (11.4%) and Mr. Zhang with 89,760,000 shares (11.2%) as of September 30, 2025[76]. - Ms. Luk holds 226,890,000 shares (28.2%) and has a spouse interest in 450,500,000 shares (56.1%)[76]. - The total issued shares as of September 30, 2025, is 803,280,000[79]. Employee and Management Costs - The total employee cost for the reporting period was approximately HKD 122.7 million, compared to HKD 118.3 million in 2024[69]. - The total compensation for directors and key management personnel for the six months ended September 30, 2025, was HKD 6,788,000, down from HKD 7,030,000 in 2024, a decrease of 3.44%[40]. - The company employed a total of 1,023 employees as of September 30, 2025, an increase from 1,006 employees as of March 31, 2025[69]. Strategic Focus and Challenges - The company continues to actively reinvest in technology innovation to drive future growth[9]. - The company recognizes ongoing challenges in the business environment due to geopolitical tensions and economic slowdowns, which may negatively impact revenue and cost structures[43]. - The company aims to focus resources on three high-growth product lines: cybersecurity, automation and AI, and managed services to enhance competitive advantages[44]. - The group is actively expanding its services in the Asia-Pacific region to meet the growing demand for IT infrastructure management services[47]. - The group is focusing on developing generative AI solutions to meet the urgent needs for business automation and cost reduction[48]. Governance and Compliance - The board has adopted a code of conduct for securities trading, ensuring compliance with GEM listing rules[88]. - The company emphasizes good corporate governance practices and has adopted the corporate governance code as per GEM listing rules[89]. - The audit committee has reviewed the unaudited consolidated financial statements and confirmed compliance with applicable accounting standards and GEM listing rules[91].
思博系统(08319) - 2026 - 中期财报