Financial Performance - The Group's revenue increased from approximately HK$75.6 million for the six months ended 30 September 2024 to approximately HK$82.0 million, representing an increase of approximately 8.4% for the six months ended 30 September 2025[11]. - The Group's gross profit rose by approximately 11.8%, from approximately HK$25.3 million for the six months ended 30 September 2024 to approximately HK$28.2 million for the same period in 2025, with gross profit margins of approximately 34.4% in 2025 compared to 33.4% in 2024[11]. - Profit attributable to owners of the Company decreased slightly from approximately HK$6.1 million for the six months ended 30 September 2024 to approximately HK$6.0 million for the same period in 2025[11]. - Basic and diluted earnings per share were approximately HK1.00 cents for the six months ended 30 September 2025, down from approximately HK1.02 cents in 2024[11]. - Operating profit for the six months ended 30 September 2025 was approximately HK$8.7 million, compared to approximately HK$8.0 million for the same period in 2024[14]. - The Group reported a profit before income tax of approximately HK$8.6 million for the six months ended 30 September 2025, compared to approximately HK$8.2 million in 2024[14]. - Total comprehensive income for the period attributable to owners of the Company was approximately HK$5.88 million for the six months ended 30 September 2025, compared to approximately HK$5.96 million in 2024[16]. - The Group's total comprehensive income for the period was approximately HK$6.42 million for the six months ended 30 September 2025, down from approximately HK$6.51 million in 2024[16]. Assets and Liabilities - Total assets increased to HK$206.99 billion as of September 30, 2025, up from HK$179.90 billion as of March 31, 2025, representing a growth of 15.06%[18]. - Current assets rose to HK$147.17 billion, compared to HK$135.68 billion, marking an increase of 8.93%[21]. - Cash and cash equivalents decreased to HK$27.78 billion from HK$33.45 billion, a decline of 17.06%[21]. - Total equity reached HK$136.24 billion, up from HK$129.82 billion, reflecting an increase of 4.06%[21]. - Total liabilities increased to HK$70.75 billion from HK$50.09 billion, a significant rise of 40.93%[21]. - Trade receivables grew to HK$79.06 billion, up from HK$70.29 billion, an increase of 12.00%[21]. - Contract liabilities increased to HK$7.42 billion from HK$5.63 billion, representing a growth of 31.88%[21]. - Lease liabilities decreased to HK$1.62 billion from HK$2.13 billion, a reduction of 23.83%[21]. Cash Flow - Net cash used in operating activities decreased to HK$5,700,424 from HK$8,726,680, representing a reduction of approximately 34.7% year-over-year[26]. - Net cash used in investing activities increased significantly to HK$8,308,912 from HK$377,020, indicating a rise of over 2100% year-over-year[26]. - Proceeds from bank borrowings rose to HK$10,000,000 compared to HK$7,000,000, reflecting a 42.9% increase[26]. - Net cash generated from financing activities was HK$8,425,654, a substantial increase from HK$598,607[26]. - Cash and cash equivalents at the end of the period decreased to HK$27,783,105 from HK$37,684,044, a decline of approximately 26.4%[26]. - The company reported a net decrease in cash and cash equivalents of HK$5,583,682, compared to a decrease of HK$8,505,093 in the previous year[26]. - Interest income received decreased to HK$9,941 from HK$264,458, a drop of approximately 96.2%[26]. Employee and Operational Costs - Employee benefit expenses increased to HK$17,209,404 from HK$14,684,779 in 2024[53]. - The Group's current ratio decreased to approximately 2.1 times as of 30 September 2025, down from approximately 2.8 times as of 31 March 2025[133]. - The Group completed the acquisition of a property for HK$18,300,000 on 2 June 2025, enhancing its asset base[141][142]. Dividends and Shareholder Information - The Board does not recommend the payment of an interim dividend for the six months ended 30 September 2025, consistent with the previous year[11]. - A final dividend of HK$0.5 cent per share, totaling HK$2,987,220, was declared for the year ended March 31, 2025, and paid in October 2025[185]. - The company has adopted a share option scheme with 60,000,000 shares available for grant, with no options granted or exercised during the six months ended September 30, 2025[186][187]. - Mr. Kwong Chi Man holds a 65.76% shareholding in the Company through Sage City Investments Limited, which he beneficially owns 70% of[163][164]. - As of September 30, 2025, Sage City holds 392,886,000 shares, representing approximately 65.76% of the company's total shareholding[172]. Risk Management and Future Outlook - The Group anticipates challenges due to global economic slowdown and uncertainties in the property markets, but is implementing diversification strategies to mitigate risks and enhance revenue[128][129]. - The Group maintains a prudent financial management approach and has ensured a healthy liquidity position throughout the reporting period[151][154]. - The Group closely monitors its liquidity position to meet funding requirements effectively[151][154]. - The Group does not have foreign currency hedging arrangements but will monitor exposure and take necessary measures[149][150].
邝文记(08023) - 2026 - 中期财报