Financial Performance - For the six months ended September 30, 2025, the revenue was approximately HKD 55,993,000, a decrease of about 22% compared to HKD 72,141,000 in the same period last year[4] - The loss attributable to equity holders for the same period was approximately HKD 5,801,000, compared to a net loss of approximately HKD 480,000 in the previous year[4] - The operating loss for the six months was HKD 5,711,000, significantly higher than the operating loss of HKD 288,000 recorded in the previous year[7] - The company reported a basic and diluted loss per share of HKD 1.78 for the six months ended September 30, 2025, compared to HKD 0.15 in the previous year[7] - The company recorded a pre-tax loss of HKD 5,801,000 for the six months ended September 30, 2025, compared to a loss of HKD 480,000 in 2024[22] - The group’s revenue for the six months ended September 30, 2025, was approximately HKD 55,993,000, a decrease of about 22% compared to the same period last year[35] - Revenue from the rail transit business was approximately HKD 28,254,000, down about 29% from HKD 39,583,000 in the same period last year[35] - Revenue from the CRM business was approximately HKD 27,739,000, a decrease of about 15% from HKD 32,558,000 in the previous year[36] Cash Flow and Assets - The net cash used in operating activities was HKD 5,819,000, compared to HKD 2,077,000 in the same period last year[10] - The cash and cash equivalents decreased by HKD 2,295,000, ending at HKD 84,947,000 as of September 30, 2025[10] - Total assets less current liabilities amounted to HKD 73,677,000 as of September 30, 2025, down from HKD 77,145,000 as of March 31, 2025[8] - Trade receivables as of September 30, 2025, amounted to HKD 30,405,000, a decrease of 50% from HKD 60,824,000 as of March 31, 2025[29] - The total assets as of September 30, 2025, were reported at HKD 3,856,000 after accounting for additions and depreciation[28] - The net current assets of the group were approximately HKD 69,821,000 as of September 30, 2025[43] - The total borrowings of the group were approximately HKD 9,278,000, resulting in a capital debt ratio that is not applicable due to negative net debt[43] Equity and Liabilities - The total equity attributable to equity holders decreased to HKD 71,275,000 as of September 30, 2025, from HKD 77,145,000 as of April 1, 2025[11] - Trade payables as of September 30, 2025, were HKD 46,075,000, down from HKD 62,362,000 as of March 31, 2025[10] - The aging analysis of trade payables showed that amounts due within 90 days were HKD 17,103,000, down from HKD 22,781,000[10] - There were no significant contingent liabilities as of September 30, 2025[44] Operational Efficiency - The company incurred financial expenses of HKD 90,000 for the six months, down from HKD 192,000 in the previous year[7] - Depreciation for owned assets was HKD 29,000 for the six months ended September 30, 2025, down from HKD 57,000 in 2024[15] - Employee costs, including directors' remuneration, totaled HKD 9,582,000 for the six months ended September 30, 2025, slightly down from HKD 9,848,000 in 2024[15] - Sales expenses for the period were approximately HKD 3,573,000, a decrease of about 25% from HKD 4,742,000 in the previous year[37] Investments and Development - The total amount raised from the subscription was HKD 80.0 million, with a net amount of approximately HKD 79.0 million utilized by September 30, 2025[40] - The actual use of the funds includes HKD 30.0 million for existing vehicle information systems and HKD 41.1 million for the development of smart city projects[40] - The company has invested significant R&D resources to utilize AI technology to enhance operational safety and reduce costs[32] - The CRM business in the Greater Bay Area is supported by policies that facilitate cross-border service operations, providing a broad development space[33] - The company aims to achieve compliance with the "Cloud-based Call Center Technology Standards" by 2026, which will drive digital and intelligent transformation in the CRM business[34] Governance and Compliance - The company has adopted a set of code of conduct for directors regarding securities trading, confirming compliance with GEM Listing Rules from September 30, 2025, for a six-month period[49] - Throughout the review period, the company has applied and complied with the principles and all code provisions of the GEM Listing Rules Appendix C1 Corporate Governance Code[50] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited performance for the six months ending September 30, 2025, and found it to be prepared in accordance with applicable accounting standards and relevant laws and regulations[54] - The company has confirmed that there are no interests or potential conflicts of interest in any business that directly or indirectly competes with the group as of the report date[52] Shareholder Information - The major shareholder, Li Jiancheng, holds 50.52% of the ordinary shares, while his spouse holds 11.87%[45] - The group has a total of 147 employees as of September 30, 2025, down from 154 employees in the previous year[42] - The group maintains a prudent financial policy, with excess cash deposited in banks for operational and investment funding[41] - The company did not declare an interim dividend for the six months ended September 30, 2025, consistent with the previous year[25]
国联通信(08060) - 2026 - 中期财报