Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 112,626,000, a decrease of 7.7% compared to HKD 121,928,000 for the same period in 2024[3] - Operating profit for the same period was HKD 77,131,000, down 12% from HKD 87,565,000 in 2024[4] - The company recorded a loss before tax of HKD 23,296,000, significantly improved from a loss of HKD 80,796,000 in the previous year[4] - The net loss attributable to shareholders was HKD 28,970,000, compared to a loss of HKD 85,847,000 in the prior year, indicating a reduction in losses[4] - The pre-tax loss for the six months ended September 30, 2025, was HKD 28,970,000, compared to a loss of HKD 85,847,000 in 2024, indicating an improvement in financial performance[22] - The company reported a total tax expense of HKD 2,392,000 for the six months ended September 30, 2025, slightly down from HKD 2,605,000 in 2024[19] - The group recorded a net loss of HKD 25.7 million for the six-month period, an improvement from a loss of HKD 83.4 million in the same period last year[29] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 10,860,738,000, slightly down from HKD 10,871,083,000 as of March 31, 2025[6] - Total liabilities decreased to HKD 2,414,658,000 from HKD 2,434,883,000, reflecting a reduction in financial obligations[7] - The group's total assets as of September 30, 2025, amounted to HKD 10,860,738,000, slightly down from HKD 10,871,083,000 as of March 31, 2025[13] - The total liabilities decreased to HKD 2,414,658,000 from HKD 2,434,883,000, indicating a reduction of 0.8%[13] - The group's non-current assets in Hong Kong were valued at HKD 9,519,527,000, a slight decrease from HKD 9,556,646,000[17] - Overseas non-current assets increased to HKD 651,175,000 from HKD 632,372,000, reflecting a growth of 2.5%[17] - Total bank borrowings amounted to HKD 2,257,000,000 as of September 30, 2025, down from HKD 2,281,000,000 as of March 31, 2025[43] - The total debt to total assets ratio was 20.8% as of September 30, 2025, slightly down from 21.0% as of March 31, 2025[43] Revenue Breakdown - Revenue from the property and hotel segment was HKD 100,636,000, a decrease of 6.5% from HKD 107,640,000 in the previous year[12] - The investment and other segment reported revenue of HKD 11,990,000, down 16.1% from HKD 14,288,000[12] - Revenue from property management services for the six months ended September 30, 2025, was HKD 19,506,000, compared to HKD 19,331,000 for the same period in 2024, reflecting a slight increase of 0.9%[18] - Rental income from property leasing decreased to HKD 81,130,000 in 2025 from HKD 88,309,000 in 2024, representing a decline of 8.8%[18] - Total revenue from customer contracts was HKD 112,626,000 for the six months ended September 30, 2025, down from HKD 121,928,000 in 2024, a decrease of 7.6%[18] - The group's revenue for the six-month period ending September 30, 2025, was HKD 112.6 million, a decrease of 7.6% compared to HKD 121.9 million in the same period last year[29] - The rental income from the group's investment properties decreased, contributing to the overall revenue decline[29] Cost Management - The company reported a decrease in employee costs to HKD 8,817,000 from HKD 8,588,000, reflecting cost management efforts[3] - Financial expenses decreased to HKD 47,475,000 in 2025 from HKD 60,911,000 in 2024, a reduction of 22.0%[18] - The financial expenses decreased to HKD 47.5 million from HKD 60.9 million in the previous year[29] Market Conditions - The Hong Kong market showed signs of recovery, particularly in the residential sector, contributing to improved market confidence[25] - The company noted a significant resurgence in the IPO market, with nearly 300 active IPO applications being processed in Hong Kong[26] - For the first nine months of 2025, inbound tourist numbers in Hong Kong increased by approximately 12% year-on-year, with non-Mainland visitors showing a particularly strong growth of 16%[27] - The outlook for the Hong Kong market shows signs of gradual improvement, with the residential market appearing to have bottomed out[39] - The tourism industry in Thailand is expected to stabilize in the fourth quarter, entering the traditional peak season, with improved performance anticipated following the completion of repairs at the Bangkok property[40] Corporate Governance - The company did not declare any interim dividend for the period ended September 30, 2025, consistent with the previous year[21] - The board does not recommend any interim dividend for the six months ended September 30, 2025[48] - The company has adhered to all corporate governance codes as of September 30, 2025, to safeguard shareholder interests[50] - The audit committee, consisting of four independent non-executive directors, has reviewed and recommended the approval of the unaudited consolidated interim financial statements for the six months ended September 30, 2025[51] - The interim report for the six months ended September 30, 2025, will be sent to shareholders by December 31, 2025, or earlier[52] Employee Information - The number of salaried employees as of September 30, 2025, remains at 18, ensuring competitive compensation based on performance[47] Shareholder Information - There were no purchases, sales, or redemptions of the company's shares by the company or its subsidiaries for the six months ended September 30, 2025[49]
建生国际(00224) - 2026 - 中期业绩