Financial Performance - For the six months ended September 30, 2025, the group's revenue was approximately HKD 270.9 million, a decrease of about 5% compared to the same period in 2024[4]. - The gross profit for the same period was approximately HKD 42.4 million, down approximately 16% from HKD 50.5 million in 2024[4]. - The loss attributable to the owners of the company for the period was approximately HKD 29.3 million, an increase of about 537% compared to a loss of HKD 4.6 million in 2024[4]. - The basic loss per share for the period was HKD 2.60, compared to HKD 0.40 in 2024[6]. - The company reported an operating loss of approximately HKD 30.5 million for the period, compared to an operating loss of HKD 4.0 million in 2024[5]. - Total revenue for the six months ended September 30, 2025, was HKD 270,908,000, a decrease of 4.4% from HKD 284,369,000 in the same period of 2024[16]. - The reported segment loss for the six months ended September 30, 2025, was HKD (27,589,000), compared to a profit of HKD 4,000 for the same period in 2024[25]. - Gross profit decreased by approximately 16% to about HKD 42.4 million, with gross margins of approximately 15.6% for the six months ended September 30, 2025, compared to 17.7% for the same period in 2024[47]. Assets and Liabilities - Non-current assets as of September 30, 2025, amounted to approximately HKD 103.3 million, compared to HKD 100.2 million as of March 31, 2025[7]. - Current assets decreased to approximately HKD 137.1 million from HKD 170.5 million as of March 31, 2025[7]. - Total liabilities decreased to approximately HKD 70.2 million from HKD 72.8 million as of March 31, 2025[8]. - The net asset value as of September 30, 2025, was approximately HKD 167.9 million, down from HKD 197.1 million as of March 31, 2025[8]. - Total assets as of September 30, 2025, were HKD 240,363,000, down from HKD 270,731,000 as of March 31, 2025, indicating a decrease of approximately 11.2%[25]. Cash Flow and Financing - Net cash generated from operating activities for the six months ended September 30, 2025, was HKD 15,429,000, compared to a cash outflow of HKD 6,803,000 in 2024[11]. - The company reported a net cash increase of HKD 3,789,000 for the period, contrasting with a decrease of HKD 11,517,000 in the previous year[11]. - The total cash and cash equivalents at the end of the period were HKD 38,596,000, up from HKD 30,764,000 at the end of September 2024[11]. - The group’s cash balance in customer accounts not recognized in the financial statements was approximately HKD 72.0 million as of September 30, 2025, compared to HKD 61.3 million as of March 31, 2025[41]. Operational Highlights - Property management service revenue was HKD 243,705,000, down from HKD 253,197,000, representing a decline of 3.9%[17]. - The number of property management service contracts decreased from 415 to 400, resulting in a revenue drop of approximately 3.8% to about HKD 243.7 million[46]. - The company incurred employee costs of HKD 231,647,000 for the six months ended September 30, 2025, an increase from HKD 227,747,000 in the same period of 2024[27]. - Other operating expenses for the six months ended September 30, 2025, were approximately HKD 14.5 million, a decrease of about 8.8% compared to HKD 15.9 million for the same period in 2024[50]. - The group employed a total of 1,391 employees as of September 30, 2025, a slight decrease from 1,407 employees as of March 31, 2025[54]. Corporate Governance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix C1, emphasizing high-quality board composition and accountability to shareholders[72]. - As of September 30, 2025, the company has complied with all corporate governance codes except for the absence of a CEO position since September 8, 2015, which the board believes does not significantly impact operations[73]. - The board has engaged an independent internal control consultant to review internal procedures following non-compliance with GEM Listing Rules regarding renovation transactions and financial assistance, implementing remedial measures[74]. Share Incentive Plan - The company has adopted a share award scheme approved by the board on August 6, 2021, aimed at rewarding eligible participants contributing to the group's growth[84]. - No rewards were granted under the share incentive plan for the six months ending September 30, 2025, including to any directors or the five highest-paid individuals during the period[97]. - The maximum number of shares that can be granted under the share incentive plan is capped at 10% of the issued shares as of the adoption date, which translates to 102,635,151 shares based on 1,026,351,515 shares issued[90]. - As of September 30, 2025, there remains 1 share available for grant under the share incentive plan, representing approximately 0.0000001% of the company's issued share capital[97]. Market Conditions - The group has faced competitive pressures in the property management industry, which may impact its market share and profitability[71]. - The proprietary smart monitoring system center has commenced operations, aimed at enhancing service response speed and operational efficiency[53].
港深智能管理(08181) - 2026 - 中期业绩