Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 371,760,000, a decrease of 57.1% compared to HKD 867,001,000 for the same period in 2024[3] - Gross profit increased to HKD 211,445,000, up 10.5% from HKD 190,709,000 year-over-year[3] - The company reported a loss attributable to owners of the company of HKD 14,725,000, compared to a profit of HKD 17,538,000 in the previous year[4] - Basic and diluted loss per share was HKD (1.47), compared to earnings of HKD 1.75 per share in the same period last year[4] - Operating profit decreased to HKD 19,257,000, down 51.6% from HKD 39,764,000 in 2024[4] - Total comprehensive income for the period was HKD 6,546,000, significantly lower than HKD 29,057,000 in the prior year[5] - For the six months ended September 30, 2025, the company reported a net loss of HKD 14,725,000, compared to a profit of HKD 17,538,000 in the same period of 2024, indicating a significant decline in profitability[8] - The total comprehensive income for the period was a loss of HKD 25,822,000, compared to a total comprehensive income of HKD 16,667,000 in the previous year, reflecting a negative shift in overall financial performance[8] Assets and Liabilities - Non-current assets increased to HKD 2,442,000,000 from HKD 1,899,000,000 as of March 31, 2025[6] - Current assets decreased to HKD 508,564,000 from HKD 532,267,000 as of March 31, 2025[6] - Total liabilities decreased to HKD 47,362,000 from HKD 60,507,000 as of March 31, 2025[7] - Total equity attributable to owners of the company decreased to HKD 433,826,000 from HKD 459,648,000 as of March 31, 2025[7] - The total assets as of September 30, 2025, were HKD 511,006,000, a decrease from HKD 534,166,000 as of March 31, 2025[24] - The total liabilities as of September 30, 2025, were HKD 47,362,000, down from HKD 60,507,000 as of March 31, 2025[24] Cash Flow and Liquidity - Cash used in operating activities amounted to HKD 68,269,000, a substantial increase from HKD 29,530,000 in the prior year, highlighting increased cash outflows[9] - The company experienced a decrease in cash and cash equivalents of HKD 86,745,000 for the period, compared to a decrease of HKD 58,897,000 in the same period last year, indicating worsening liquidity[9] - As of September 30, 2025, total equity attributable to owners was HKD 433,826,000, down from HKD 492,349,000 as of March 31, 2025, showing a decline in shareholder equity[8] - As of September 30, 2025, the group had cash and cash equivalents of approximately HKD 141.3 million, down from HKD 228.2 million on March 31, 2025[62] Business Segments - E-commerce business revenue increased to HKD 307,522,000 in 2025, up 10.8% from HKD 277,470,000 in 2024[25] - Construction business revenue decreased significantly to HKD 64,238,000 in 2025, down 89.1% from HKD 589,531,000 in 2024[26] - The e-commerce segment continued to perform strongly, benefiting from the sustained increase in consumer demand for online shopping and improved platform operational efficiency[53] - The construction segment is expected to face challenges in the short term due to a weakening market environment and rising labor costs, impacting project profitability[58] Shareholder and Governance - The company paid dividends to non-controlling interests amounting to HKD 17,358,000 during the period, compared to HKD 10,720,000 in the previous year, reflecting an increase in dividend distribution[9] - The company did not recommend any dividend payment for the six months ending September 30, 2025, consistent with the previous year[45] - The company adopted a share incentive plan on April 23, 2025, which will be effective for 10 years, allowing eligible participants to receive shares up to 10% of the total shares issued as of the adoption date[75] - A total of 3,736,000 share incentives were granted to selected participants during the six months ended September 30, 2025, with a total share-based payment expense of HKD 9,900,000 recognized[76] - The company has complied with all applicable provisions of the corporate governance code since its listing, except for the separation of the roles of chairman and CEO, which are currently performed collectively by the executive directors[79] Future Outlook - Future outlook remains cautious due to the significant losses reported and increased cash outflows, which may impact strategic decisions moving forward[8] - The group expects the e-commerce business to continue benefiting from structural changes in consumer demand for online shopping in China, with a focus on enhancing product selection and operational performance[57] Audit and Compliance - The interim report has not been audited by external auditors but has been reviewed by the audit committee[85] - The company confirmed compliance with the listing rules as of September 30, 2025[83] Miscellaneous - The company has not reported any new product launches or technological advancements in the current financial period, focusing instead on operational adjustments[8] - The company expressed gratitude to management, employees, shareholders, and business partners for their support during the period[87] - The interim results announcement and report will be published on the company's website and the Hong Kong Stock Exchange website[86]
智勤控股(09913) - 2026 - 中期业绩