Financial Performance - The group's revenue for the six months ended September 30, 2025, was approximately HKD 186,846,000, representing an increase of 4% compared to HKD 178,596,000 for the same period in 2024[3]. - The profit attributable to the company's owners for the reporting period was approximately HKD 1,080,000, a significant recovery from a loss of HKD 10,563,000 in the same period last year[3]. - Basic and diluted earnings per share for the period were approximately HKD 0.50, compared to a loss of HKD 9.46 per share for the same period in 2024[3]. - The group's gross profit for the reporting period was HKD 41,689,000, up from HKD 38,530,000 in the previous year, indicating a gross margin improvement[3]. - Total comprehensive income for the period was HKD 1,474,000, compared to a loss of HKD 12,802,000 in the same period last year[4]. - The reported segment profit for the six months ended September 30, 2025, was HKD 11,902,000, compared to HKD 90,000 for the same period in 2024[22]. - The total comprehensive profit before tax for the six months ended September 30, 2025, was HKD 1,309,000, a significant improvement from a loss of HKD 10,649,000 in 2024[22]. - The company recorded a net profit attributable to shareholders of approximately HKD 1,080,000, a turnaround from a net loss of approximately HKD 10,563,000 in the same period last year, primarily due to reduced general and administrative expenses and gains from the sale of financial assets[96]. Revenue Breakdown - Revenue from foundation construction increased to HKD 155,688,000, up 30.5% from HKD 119,280,000 in the previous year[14]. - Revenue from land surveying services decreased to HKD 22,162,000, down 10% from HKD 24,583,000 in the previous year[14]. - E-commerce revenue significantly declined to HKD 5,257,000, down 81.5% from HKD 28,511,000 in the previous year[14]. - Revenue from financial services was approximately HKD 245,000, compared to approximately HKD 117,000 for the six months ended September 30, 2024[67]. - Revenue from consumer goods trading was approximately HKD 1,924,000, compared to approximately HKD 2,808,000 for the six months ended September 30, 2024[68]. - Revenue from e-commerce business accounted for approximately 2.8% of total revenue, a significant decrease from approximately 16.0% for the six months ended September 30, 2024[64]. Assets and Liabilities - The total assets less current liabilities amounted to HKD 83,183,000 as of September 30, 2025, compared to HKD 55,472,000 as of March 31, 2025[6]. - The company's cash and cash equivalents were HKD 86,449,000, down from HKD 106,965,000 as of March 31, 2025[5]. - The total liabilities decreased from HKD 5,771,000 to HKD 4,231,000, reflecting improved financial stability[6]. - The total liabilities as of September 30, 2025, were HKD 229,826,000, compared to HKD 217,572,000 as of March 31, 2025[23]. - The company's trade receivables increased to HKD 65,723,000 as of September 30, 2025, from HKD 19,326,000 as of March 31, 2025[32]. - The aging analysis of trade receivables shows that amounts overdue by more than 90 days increased to HKD 6,412,000 from HKD 1,614,000[34]. - The impairment provision for trade receivables increased to HKD 5,023,000 at the beginning of the period, with an additional HKD 1,326,000 recognized during the period[34]. - The total amount of interest-bearing borrowings decreased from approximately HKD 178,883,000 as of March 31, 2025, to approximately HKD 174,262,000 as of September 30, 2025[106]. Dividends and Share Capital - The board has proposed no interim dividend for the reporting period, consistent with the previous year[3]. - The company did not recommend the payment of an interim dividend for the reporting period, consistent with the previous year[27]. - The company's issued and paid-up share capital increased to 253,440,000 shares as of September 30, 2025, from 115,200,000 shares as of March 31, 2025[44]. - The company issued 23,040,000 shares at a subscription price of HKD 0.215 per share, raising approximately HKD 4.8 million for general working capital[97]. Operational Insights - The company continues to engage in various business segments, including foundation construction, land surveying, financial services, consumer goods trading, and social media e-commerce[7]. - The company continues to monitor and evaluate its reportable segments to allocate resources effectively and assess performance[15]. - The company aims to enhance its e-commerce business efficiency through operational optimization and strategic adjustments[105]. - The company is facing challenges in the construction sector due to market volatility and execution risks, leading to a cautious approach in its core construction business[105]. Credit and Lending Activities - The company's lending business is managed through its wholly-owned subsidiary, which holds a moneylender license under the Money Lenders Ordinance in Hong Kong[88]. - The lending business primarily serves corporate clients needing financing to meet business demands and individual clients for personal financing[89]. - The expected credit loss provision for other receivables related to unredeemed subscriptions was fully provided for approximately HKD 26,926,000 as of September 30, 2025[86]. - The total outstanding loan principal as of September 30, 2025, is approximately HKD 5,300,000, down from HKD 7,700,000 as of March 31, 2025, representing a decrease of about 31.17%[94]. - The interest income from lending activities during the reporting period amounts to approximately HKD 245,000, compared to HKD 117,000 for the six months ending September 30, 2024, indicating a year-over-year increase of approximately 109.4%[95]. Expenses and Costs - General and administrative expenses decreased by approximately 15.0% to HKD 36,240,000 from HKD 42,631,000, attributed to reduced employee costs and the absence of one-time consulting fees[75]. - The total salary cost incurred during the reporting period was approximately HKD 40,359,000, compared to approximately HKD 42,732,000 for the six months ending September 30, 2024[122]. - Selling expenses for the reporting period were approximately HKD 2,856,000, slightly down from HKD 2,947,000 for the previous period, primarily driven by e-commerce operations[74]. Future Plans and Investments - The company plans to use the net proceeds of approximately HKD 18,708,000 from the placement for headquarters administration and operational expenses[48]. - The company intends to issue 115,200,000 rights shares at a subscription price of HKD 0.2 per share, with net proceeds of approximately HKD 22,000,000 earmarked for foundation engineering and general operational funds[48]. - The company is actively seeking strategic partnerships and investments in quality enterprises, particularly in the food and beverage industry[105].
宏基集团控股(01718) - 2026 - 中期业绩