Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 24,007,000, a decrease of 9.1% compared to HKD 26,418,000 in the same period last year[3] - Gross profit for the same period was HKD 21,438,000, down 9.5% from HKD 23,698,000 year-on-year[3] - The company reported a profit attributable to shareholders of HKD 14,612,000, a significant recovery from a loss of HKD 55,758,000 in the previous year[3] - Operating profit for the period was HKD 15,481,000, compared to an operating loss of HKD 51,888,000 in the prior year[3] - Basic and diluted earnings per share for the period were HKD 5.27 cents, a recovery from a loss of HKD 20.11 cents per share in the previous year[3] - Total comprehensive income for the six months ended September 30, 2025, was HKD 23,955,000, compared to a total comprehensive income of HKD 14,612,000 for the same period in 2024[5] - The company reported a loss of HKD 55,758,000 for the six months ended September 30, 2025[5] Cash Flow and Investments - Cash generated from operating activities for the six months ended September 30, 2025, was HKD 2,607,000, a decrease from HKD 5,837,000 in the previous year[6] - Net cash used in investing activities for the six months ended September 30, 2025, was HKD 46,762,000, compared to HKD 39,927,000 in the same period of 2024[6] - The company reported a net cash decrease of HKD 49,412,000 for the six months ended September 30, 2025[6] - The company received interest income of HKD 6,554,000 during the six months ended September 30, 2025[6] - The fair value loss on investment properties was HKD 1,930,000, a substantial improvement from HKD 71,660,000 in the previous year[3] Assets and Liabilities - Total assets as of September 30, 2025, amounted to HKD 2,626,203,000, an increase from HKD 2,604,979,000 as of March 31, 2025[4] - Cash and cash equivalents stood at HKD 286,257,000, up from HKD 276,942,000 at the end of the previous reporting period[4] - The company’s total equity increased to HKD 2,543,046,000 from HKD 2,522,972,000[4] - The total liabilities under lease obligations decreased to HKD 149,000 as of September 30, 2025, from HKD 450,000 as of March 31, 2025, indicating a reduction of about 66.9%[31] - The total bank borrowings secured by assets amounted to HKD 40,218,000 as of September 30, 2025, down from HKD 41,729,000 as of March 31, 2025, indicating a reduction of approximately 3.6%[37] Shareholder Information - The company declared a proposed dividend of HKD 832,000 for the period[5] - The company declared an interim dividend of HKD 0.3 cents per share, totaling approximately HKD 832,000, consistent with the previous year's interim dividend[20] - As of September 30, 2025, major shareholder Chen Haishou holds 2,042,000 shares, representing 73.95% of the total issued share capital[71] - The controlled corporation Sow Pin Trust, through TMF (Cayman) Ltd., holds 172,440,896 shares, which accounts for 62.20% of the total issued share capital[73] - Noranger Company Limited, a controlled entity, holds 146,618,000 shares, representing 52.89% of the total issued share capital[71] - The company maintained a public float of 25% as of the report date[77] Operational Insights - The rental income occupancy rate for the period was 83%, an increase of 8% from the previous comparable period's 75.0%[66] - The group had no single customer contributing 10% or more to total revenue during the periods ended September 30, 2025, and September 30, 2024[15] - The group’s operations are primarily based in Hong Kong, with over 90% of its business and assets located there, thus no regional analysis is presented[14] Governance and Compliance - The audit committee reviewed the accounting policies and practices, including the unaudited interim financial statements for the six months ending September 30, 2025[78] - The company complied with all applicable corporate governance code provisions, except for the separation of the roles of chairman and CEO[79] - All directors confirmed compliance with the standard code of conduct for securities transactions during the six-month period ending September 30, 2025[80]
太兴置业(00277) - 2026 - 中期财报