Financial Performance - The group's revenue for the six months ended September 30, 2025, was approximately HKD 28.6 million, a decrease of 33.9% compared to HKD 43.3 million for the same period in 2024[3] - The gross loss margin for the six months ended September 30, 2025, was approximately 13.1%, compared to 9.0% for the same period in 2024[3] - The group's loss before tax for the six months ended September 30, 2025, was approximately HKD 10.3 million, slightly improved from a loss of HKD 10.5 million for the same period in 2024[3] - The basic loss per share for the six months ended September 30, 2025, was approximately HKD 1.66, compared to HKD 1.69 for the same period in 2024[3] - Total revenue for the six months ended September 30, 2025, was HKD 28,606,000, a decline of 34.0% compared to HKD 43,338,000 for the same period in 2024[16] - The company reported a pre-tax loss of HKD 10,290,000 for the six months ended September 30, 2025, compared to a pre-tax loss of HKD 10,491,000 for the same period in 2024[22] - Basic loss per share attributable to the owners of the company for the six months ended September 30, 2025, was HKD 0.0166, slightly improved from HKD 0.0169 in the same period of 2024[25] - Total loss attributable to owners for the six months ended September 30, 2025, was approximately HKD 10.3 million, consistent with approximately HKD 10.5 million for the six months ended September 30, 2024[47] Assets and Liabilities - Non-current assets as of September 30, 2025, totaled HKD 10.4 million, down from HKD 17.0 million as of March 31, 2025[6] - Current assets as of September 30, 2025, were HKD 178.3 million, slightly decreased from HKD 180.3 million as of March 31, 2025[6] - Current liabilities as of September 30, 2025, were HKD 34.4 million, an increase from HKD 32.7 million as of March 31, 2025[6] - Total equity as of September 30, 2025, was HKD 154.3 million, down from HKD 164.6 million as of March 31, 2025[6] - Trade receivables as of September 30, 2025, amounted to HKD 8,157,000, a significant increase from HKD 2,550,000 as of March 31, 2025[29] - The expected credit loss provision for trade receivables increased to HKD 80,000 as of September 30, 2025, compared to HKD 24,000 as of March 31, 2025[29] - Total liabilities, including trade payables and other payables, increased to HKD 31,938,000 as of September 30, 2025, from HKD 30,609,000 as of March 31, 2025[35] Revenue Breakdown - Revenue from renovation and extension engineering services for the six months ended September 30, 2025, was HKD 20,912,000, a decrease of 27.6% from HKD 28,896,000 in the same period of 2024[16] - Revenue from civil engineering services for the six months ended September 30, 2025, was HKD 7,694,000, down 46.6% from HKD 14,442,000 in the same period of 2024[16] Dividends and Shareholder Information - The board did not recommend the payment of an interim dividend for the six months ended September 30, 2025, consistent with the previous year[3] - The company declared a final dividend of HKD 0.04 per ordinary share, totaling HKD 24,800,000, payable on October 17, 2025[37] - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2025, and the total amount of final dividend paid for the year ended March 31, 2025, was HKD 24,800,000[24] - The major shareholder, Kyosei Technology Inc., holds 465 million shares, representing 75% of the company[60] Corporate Governance - The company has adopted the corporate governance code as per the listing rules[62] - The company has complied with all corporate governance code provisions as of September 30, 2025, and will continue to review and enhance its governance practices[63] - The company has adopted the standard code for securities trading as per the listing rules, confirming compliance by all directors as of September 30, 2025[64] - The board of directors includes both executive and non-executive members, ensuring a diverse governance structure[74] - The audit committee, consisting of three independent non-executive directors, has reviewed and approved the interim financial results, which have not been audited[73] Employee and Operational Information - The total employee cost for the six months ended September 30, 2025, was approximately HKD 9.3 million, a decrease from HKD 11.9 million for the same period in 2024[55] - The group employed 49 full-time employees as of September 30, 2025, an increase from 40 full-time employees as of September 30, 2024[55] - The company is strategically preparing for a moderate market recovery in Hong Kong in 2025, focusing on public sector contracts and diversifying its client base to mitigate cyclical fluctuations[40] Future Outlook and Strategic Plans - The company is currently evaluating the impact of new accounting standards that are expected to be adopted, but believes they are unlikely to have a significant effect on the financial statements[14] - There are no significant future plans for major investments or capital assets as of September 30, 2025[54] - The company has no significant capital commitments or contingent liabilities as of September 30, 2025[52] - There were no major investments, acquisitions, or disposals of subsidiaries or associates during the six months ended September 30, 2025[53] Reporting and Transparency - The interim report for the six months ending September 30, 2025, will be sent to shareholders and available on the company's website and the Hong Kong Stock Exchange website[74] - The announcement reflects the company's ongoing efforts to keep stakeholders informed about its financial health[74] - The report will likely include key performance indicators and metrics relevant to investors[74] - The company aims to enhance shareholder value through effective communication of its financial status[74] - The announcement is part of the company's regular reporting cycle, highlighting its commitment to corporate governance[74]
荣尊国际控股(01780) - 2026 - 中期业绩