Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 130,713,000, representing a 27% increase from HKD 102,963,000 in the same period of 2024[2] - Gross profit for the same period was HKD 7,534,000, compared to a gross loss of HKD 27,973,000 in 2024, indicating a significant turnaround[2] - The loss before tax improved to HKD 17,435,000 from HKD 61,010,000, marking a reduction of about 71%[2] - The basic and diluted loss per share from continuing and discontinued operations was HKD 1.8 cents, an improvement from HKD 6.3 cents in 2024[3] - The loss attributable to equity holders of the parent for the six months ended September 30, 2025, was approximately HKD 17.7 million, a significant improvement from a loss of approximately HKD 62.5 million for the same period in 2024[42] Revenue Breakdown - Revenue from the private sector for the six months ended September 30, 2025, was HKD 45,866,000, down from HKD 94,974,000 in 2024, indicating a decline of 52%[19] - Revenue from the public sector significantly increased to HKD 84,847,000 for the six months ended September 30, 2025, compared to HKD 7,989,000 in 2024, reflecting a growth of 964%[19] - For the six months ended September 30, 2025, the total revenue from customer contracts was approximately HKD 130,713,000, compared to HKD 102,963,000 for the same period in 2024, representing an increase of 27%[19] Expenses and Costs - Administrative expenses decreased to HKD 25,303,000 from HKD 33,319,000, reflecting a reduction of approximately 24%[2] - The total cost of employee benefits (excluding directors and senior management remuneration) was HKD 22,527,000 for the six months ended September 30, 2025, down from HKD 29,966,000 in 2024, a decrease of 25%[22] - The company reported a pre-tax loss of HKD 3,088,000 in rental expenses for short-term leases for the six months ended September 30, 2025, compared to HKD 2,545,000 in 2024[22] - Financing costs dropped from approximately HKD 10,000 for the six months ended September 30, 2024, to zero for the same period in 2025[40] Assets and Liquidity - Total assets as of September 30, 2025, were HKD 163,516,000, up from HKD 146,145,000 as of March 31, 2025, indicating growth in asset base[4] - Cash and cash equivalents increased to HKD 27,378,000 from HKD 9,673,000, showing a substantial improvement in liquidity[4] - Trade receivables rose significantly to HKD 30,573,000 from HKD 5,920,000, indicating increased sales activity[4] - The net asset value decreased to HKD 87,826,000 from HKD 105,564,000, reflecting a decline of approximately 17%[4] Corporate Governance and Compliance - The company has adopted the principles and code provisions of the Corporate Governance Code as per the Listing Rules Appendix C1, and has complied with these provisions for the six months ending September 30, 2025, except for a deviation from code provision C.2.1[63] - The company’s Audit Committee was established on June 6, 2019, and has reviewed the unaudited consolidated financial statements for the six months ending September 30, 2025, confirming they were prepared in accordance with applicable accounting standards and listing rules[65] Shareholder Information - As of September 30, 2025, Ms. Zeng holds 750,000,000 shares, representing 75.0% of the company’s equity, through Huayu Holdings, which she owns 98%[67] - The company did not purchase, sell, or redeem any of its listed securities during the six months ending September 30, 2025[72] Future Plans and Strategies - The company continues to focus on construction services and is exploring opportunities in energy trading and technology development[5] - The group plans to upgrade new and existing industrial parks to enhance tenant satisfaction and user experience, including the introduction of smart logistics solutions and advanced power supply facilities[53] - The group aims to integrate smart, green, and low-carbon technologies into its core business, focusing on the development of user-end industrial energy storage station operations[54] - The group will adopt an integrated "investment-construction-operation" model to lead core equipment investment and project construction, while managing subsequent operational responsibilities[54] - The group has maintained a cautious financial policy, closely monitoring its liquidity position to meet funding needs[47] Share Option Schemes - The 2019 Share Option Scheme was conditionally adopted on June 8, 2019, aimed at attracting and retaining top talent, with options granted at a price not lower than the higher of the closing price on the grant date or the average closing price over the preceding five trading days[73] - The company has a maximum limit of 100,000,000 shares that can be granted under the 2019 Share Option Scheme, which is capped at 10% of the issued shares as of the listing date[74] - As of September 30, 2025, no options have been granted, exercised, canceled, or lapsed under the 2019 Share Option Scheme, which has been terminated as of the shareholders' meeting on September 26, 2025[75] - The newly adopted 2025 Share Scheme allows the company to grant both share awards and options, with a total initial limit of 100,000,000 shares, representing 10% of the total issued shares as of the approval date[76][77] - No options or share awards were granted, exercised, canceled, or lapsed under the 2025 Share Scheme during the six months ending September 30, 2025[79] Capital and Financing - The company completed the placement of 28,970,000 new shares at HKD 0.637 per share on October 14, 2025[35] - On October 14, 2025, the company completed a placement of 28,970,000 new shares at a price of HKD 0.637 per share, raising approximately HKD 17.87 million, with plans to use HKD 12.60 million for user-side industrial and commercial energy storage projects[80] - The capital debt ratio as of September 30, 2025, was zero, indicating that the total bank and other borrowings accounted for 0% of total equity[49] - The group has no pledged assets as of September 30, 2025[50] - The group does not rule out the possibility of further fundraising activities if suitable opportunities arise in the future[56] Employment and Workforce - The group employed 31 employees as of September 30, 2025, maintaining competitive compensation to attract and retain talent[60] - There were no significant contingent liabilities or capital commitments as of September 30, 2025[45][46] - The group has no significant acquisitions or disposals of subsidiaries or associates during the reporting period[57]
金石控股集团(01943) - 2026 - 中期业绩