Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 27,245,000, a 91.5% increase from HKD 14,243,000 in the same period of 2024[7] - Gross profit for the same period was HKD 6,739,000, compared to HKD 1,960,000 in 2024, reflecting a significant improvement[7] - The net loss for the period was HKD 1,940,000, a reduction from a net loss of HKD 7,790,000 in the previous year, indicating improved financial performance[7] - Basic loss per share improved to HKD 0.29 from HKD 0.43 year-over-year[8] - The group reported a total segment profit of HKD 6,265,000 for the six months ended September 30, 2025, compared to a loss in the previous year[21] - The segment profit (loss) for the fire safety systems division was HKD 724,000, compared to a loss of HKD 1,175,000 in the previous year, indicating a turnaround in performance[22] - The net loss attributable to the company's owners decreased by approximately 31.3% from about HKD 2.6 million to about HKD 1.8 million, primarily due to increased gross profit from fire safety system installation and maintenance services[52] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 70,779,000, up from HKD 67,757,000 as of March 31, 2025[9] - Current liabilities increased to HKD 11,624,000 from HKD 6,814,000, indicating a rise in short-term obligations[9] - The company’s total equity as of September 30, 2025, was HKD 61,111,000, down from HKD 63,259,000 as of March 31, 2025[9] - Trade payables increased significantly to HKD 7,974,000 as of September 30, 2025, compared to HKD 3,027,000 as of March 31, 2025, indicating a rise in liabilities[36] Cash Flow and Liquidity - Cash and cash equivalents rose to HKD 22,473,000 from HKD 18,956,000, showing improved liquidity[9] - Net cash generated from operating activities for the six months ended September 30, 2025, was HKD 4,488,000, a significant increase from HKD 583,000 in the same period of 2024[11] - Cash and cash equivalents at the end of the period increased to HKD 22,473,000 from HKD 18,208,000 in 2024[11] - The group’s total cash flow increased by HKD 3,726,000, contrasting with a decrease of HKD 4,724,000 in the same period of 2024[11] - The net cash used in investing activities was HKD 25,000, a significant improvement from a cash outflow of HKD 3,818,000 in 2024[11] - The group’s cash flow from financing activities showed a reduced outflow of HKD 787,000 compared to HKD 1,489,000 in the previous year[11] Revenue Sources - Revenue from fire safety system installation services reached HKD 23,483,000, up 131.5% from HKD 10,168,000 in 2024[19] - Total revenue for the six months ended September 30, 2025, was HKD 27,245,000, compared to HKD 14,243,000 in 2024, representing an increase of 91.5%[19] - Revenue increased by approximately 91.3% from about HKD 14.2 million for the six months ended September 30, 2024, to about HKD 27.2 million for the six months ended September 30, 2025[45] Expenses - Total employee costs increased to HKD 6,818,000 in 2025 from HKD 6,689,000 in 2024, reflecting a rise of approximately 1.9%[28] - Administrative expenses decreased by approximately 3.6% from about HKD 10.1 million to about HKD 9.7 million due to overall operational cost savings[50] - Direct costs increased by approximately 66.9% from about HKD 12.3 million to about HKD 20.5 million, consistent with the revenue growth[46] Corporate Governance and Compliance - The company has complied with the corporate governance code, except for the separation of roles between the chairman and CEO, which the board believes is in the best interest of the group[71] - All directors have confirmed compliance with the trading standards and the company's code of conduct during the reporting period[72] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial statements for the six months ending September 30, 2025[74] - The audit committee believes that the financial statements have been prepared in accordance with applicable accounting standards and regulations[74] Future Outlook - The company is optimistic about the long-term prospects of the local construction and fire safety market following the government's revised fire safety regulations effective December 13, 2024[44] - The company is exploring opportunities in the cultural and entertainment sectors in China to expand revenue sources[43] Share Capital and Equity - As of September 30, 2025, the company's issued share capital is HKD 6,000,000, consisting of 600,000,000 ordinary shares with a par value of HKD 0.01 each[58] - The company has no interest-bearing bank borrowings or other borrowings as of September 30, 2025[54] - The company's capital structure has remained unchanged since its successful transfer from GEM to the main board on April 20, 2020[58] Miscellaneous - The company did not declare an interim dividend for the six months ended September 30, 2025, consistent with the previous year[31] - The company has no significant investments or future plans for major acquisitions or capital assets as of the mid-report date[59] - The company has no major acquisitions or disposals of subsidiaries during the six months ended September 30, 2025[60] - The company has provided performance guarantees of approximately HKD 5.1 million as of September 30, 2025, to ensure compliance with contractual obligations[61] - The company has no significant foreign exchange risk exposure and has not established any hedging policies for foreign currency risks as of September 30, 2025[57] - The company has approximately HKD 5.1 million in bank deposits pledged as collateral for bank financing as of September 30, 2025[56] - The company employs a total of 46 employees as of September 30, 2025, unchanged from March 31, 2025[62] - There have been no arrangements made for directors to benefit from purchasing shares or debentures of the company or any other corporate entity during the six months ending September 30, 2025[68] - The company is not aware of any business or interests of directors or major shareholders that may compete with the group's business during the six months ending September 30, 2025[69] - The company and its subsidiaries have not purchased, sold, or redeemed any of the company's listed securities during the six months ending September 30, 2025[70] - The board consists of three executive directors and three independent non-executive directors as of the report date[76]
莹岚集团(01162) - 2026 - 中期财报