Financial Performance - For the six months ended September 30, 2025, the company's revenue was HKD 18,905,000, a decrease of 20.5% compared to HKD 23,600,000 in the same period of 2024[3] - The gross profit for the same period was HKD 1,997,000, down 40.2% from HKD 3,342,000 in 2024[3] - The company reported a loss before tax of HKD 3,768,000, compared to a loss of HKD 1,775,000 in the previous year, indicating a significant increase in losses[3] - The net loss for the period was HKD 3,793,000, compared to HKD 1,798,000 in 2024, reflecting a year-over-year increase of 110.5%[3] - The company's cash and cash equivalents decreased significantly to HKD 1,075,000 from HKD 5,702,000, a decline of 81.1%[4] - The company’s net cash used in operating activities was HKD 1,494,000, a significant decrease from a net cash inflow of HKD 1,983,000 in 2024[8] - The group recorded a loss of approximately HKD 3,793,000 for the period, an increase from HKD 1,798,000 in 2024, primarily due to a decline in gross profit and the absence of gains from the sale of financial assets[57] Assets and Liabilities - The company's total assets as of September 30, 2025, were HKD 51,767,000, a decrease from HKD 55,465,000 as of March 31, 2025[4] - Current liabilities increased to HKD 8,022,000 from HKD 6,392,000, indicating a rise of 25.5%[4] - Trade receivables as of September 30, 2025, amounted to HKD 7,232,000, a decrease from HKD 7,502,000 as of March 31, 2025[34] - Trade payables as of September 30, 2025, were HKD 2,315,000, slightly down from HKD 2,328,000 as of March 31, 2025[37] - As of September 30, 2025, the group had current assets of approximately HKD 13,872,000, down from HKD 18,758,000 as of March 31, 2025[59] Revenue Breakdown - Repair service revenue was HKD 18,815,000, down 20.0% from HKD 23,495,000 in the previous year[17] - Total other income and gains decreased to HKD 2,786,000 from HKD 3,725,000, a decline of 25.3%[21] - Revenue for the six months ended September 30, 2025, was HKD 18,905,000, a decrease of 20.5% compared to HKD 23,600,000 for the same period in 2024[17] - Revenue from repair services was approximately HKD 18,815,000, a decrease of about 19.9% compared to HKD 23,495,000 in 2024[49] Shareholder Information - As of September 30, 2025, the company has issued a total of 128,342,000 shares[74] - Mr. Cheung's family holds 66,000,000 shares, representing approximately 51.43% of the company's issued shares[74] - The combined holdings of the Cheung brothers account for 1,384,000 shares, which is about 1.08% of the issued shares[74] - Ms. Tang holds 73,008,000 shares, representing approximately 56.89% of her spouse's holdings[82] - Ms. Yang holds 73,602,000 shares, representing approximately 57.35% of her spouse's holdings[82] - KW Cheung Family Holdings Limited is identified as a major shareholder with 66,000,000 shares, equivalent to 51.43%[82] Corporate Governance - The board emphasizes the importance of good corporate governance practices and has adopted several governance and disclosure practices to enhance transparency and accountability[84] - All directors have confirmed compliance with the trading standards during the reporting period[77] - The company has adopted the standard code for securities trading as per the listing rules[77] - The company has maintained the public float as required by the listing rules during the six months ending September 30, 2025[85] Future Outlook - The group plans to adopt a prudent and flexible strategy to navigate the challenging business environment in Hong Kong[68] - The group aims to optimize returns and create sustainable long-term value for shareholders by exploring new business opportunities[68] Other Information - The effective tax rate for Hong Kong profits tax is calculated at 16.5%[24] - The group employed 78 full-time employees as of September 30, 2025, down from 93 as of March 31, 2025[67] - The group has unutilized bank financing of approximately HKD 10,200,000 available for future funding needs[60] - There have been no significant events from September 30, 2025, to the date of this announcement[86] - The audit committee, composed of all independent non-executive directors, has reviewed and approved the unaudited condensed consolidated interim financial information for the six months ending September 30, 2025[87] - The interim results announcement is published on the Stock Exchange website and the company's website, with the annual interim report to be sent to shareholders at an appropriate time[88]
电讯首科(03997) - 2026 - 中期业绩