Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 565,340,000, a decrease of 8.9% from HKD 620,583,000 in the same period of 2024[3]. - Gross profit for the same period was HKD 18,047,000, down 42.3% from HKD 31,264,000 year-on-year[3]. - The company recorded a pre-tax profit of HKD 5,626,000, a significant decline of 75.5% compared to HKD 23,025,000 in the previous year[3]. - Net profit for the period was HKD 4,831,000, a decrease of 75.7% from HKD 19,904,000 in the prior year[3]. - Basic earnings per share were HKD 0.12, down from HKD 0.56 in the same period last year, representing a decline of 78.6%[3]. - The group’s attributable profit to owners was approximately HKD 3.4 million, a significant decrease of 79.6% from HKD 16.7 million in the same period last year[30]. - The group’s gross profit decreased by 42.5% to approximately HKD 18.0 million, with a gross profit margin of about 3.2%, down from 5.0% in the previous year[24]. Revenue Breakdown - Revenue from building construction services was HKD 276,500,000, an increase of 30.1% from HKD 212,544,000 in the previous year[9]. - Revenue from RMAA services was HKD 288,840,000, a decrease of 29.2% from HKD 408,039,000 in the same period last year[9]. Assets and Liabilities - Total assets as of September 30, 2025, were HKD 393,950,000, a decrease from HKD 425,254,000 as of March 31, 2025[4]. - Trade receivables as of September 30, 2025, amounted to HKD 50,853,000, a decrease of 50.8% from HKD 103,156,000 as of March 31, 2025[14]. - Total trade and other payables as of September 30, 2025, were HKD 77,897,000, down 30.8% from HKD 112,554,000 as of March 31, 2025[17]. - The company's contract assets, which include retention receivables and unbilled revenue, totaled HKD 101,709,000 as of September 30, 2025, down from HKD 128,270,000 as of March 31, 2025[10]. Cash Flow and Equity - The company's cash and bank deposits increased to HKD 195,038,000 from HKD 134,778,000, reflecting a growth of 44.5%[4]. - The company reported a total equity of HKD 303,859,000, up from HKD 299,028,000 at the end of the previous reporting period[5]. - The group maintained a strong current ratio of approximately 4.2 times, with current assets of about HKD 394.0 million as of September 30, 2025[32]. - The group’s debt-to-equity ratio decreased to approximately 0.5% from 0.6% as of March 31, 2025, due to a greater percentage decline in lease liabilities compared to the increase in profit[34]. Expenses and Costs - Administrative expenses were approximately HKD 12.0 million, a reduction of 22.6% compared to HKD 15.5 million in the first half of 2024[26]. - The financing costs increased to approximately HKD 31,000 from HKD 7,000 in the previous year, primarily due to increased interest expenses from renewed office lease agreements[28]. - Other income and losses were approximately HKD 2.4 million, down from HKD 4.1 million in the previous year, mainly due to a decline in the fair value increase of financial assets[25]. Dividends and Shareholder Information - The company did not declare or recommend any interim dividends for the six months ended September 30, 2025, consistent with the previous year[12][19]. - The group did not propose any interim dividend for the first half of 2025, consistent with the previous year[31]. - The weighted average number of ordinary shares for calculating basic earnings per share was 2,976,000,000 for the six months ended September 30, 2025, unchanged from the previous period[13]. Corporate Governance and Changes - The company has adhered to the corporate governance code, with a noted deviation regarding the roles of the chairman and CEO being held by the same individual[47][48]. - The company's interim financial statements for the six months ending September 30, 2025, were reviewed by the audit committee and formally approved by the board[50]. - The company changed its name from "GAIN PLUS HOLDINGS LIMITED" to "HONG KONG ZCLOUD TECHNOLOGY CONSTRUCTION LIMITED" effective May 15, 2025[44]. - The company approved a share split, converting each existing share of HKD 0.01 into eight shares of HKD 0.00125, effective August 19, 2025, resulting in a total share capital of HKD 7,800,000[45]. Market Conditions - The construction industry in Hong Kong continues to face challenges due to global economic uncertainty and a sluggish residential market, impacting new development projects[46]. - Despite ongoing demand for property maintenance and renovation services, the company faces significant competition in securing contracts[46]. - The company will maintain a cautious approach in deploying surplus funds to explore viable business opportunities for long-term shareholder value[46]. Other Information - The company has no pledged assets as of September 30, 2025, similar to the situation on March 31, 2025[43]. - As of September 30, 2025, the company reported no significant contingent liabilities, consistent with the previous period[41]. - There were no purchases, sales, or redemptions of the company's listed securities during the six-month period ending September 30, 2025[51].
智云科技建设(09900) - 2026 - 中期业绩