Financial Performance - The total revenue for the period was approximately HKD 129,414,000, a decrease of about HKD 4,780,000 or 3.6% compared to HKD 134,194,000 for the same period last year[9]. - Gross profit for the period was approximately HKD 9,393,000, with a gross margin of about 7.3%, down from 8.5% in the previous period[10]. - Other income for the period was approximately HKD 869,000, a decrease of about 68.1% compared to HKD 2,728,000 for the same period last year[12]. - The net profit for the period was approximately HKD 173,000, down from HKD 346,000 in the same period last year[16]. - Revenue for the six months ended September 30, 2025, was HKD 129,414,000, a decrease of 3.7% from HKD 134,194,000 in the same period of 2024[44]. - Gross profit for the same period was HKD 9,393,000, down 17.4% from HKD 11,379,000 year-on-year[44]. - Operating profit decreased to HKD 1,835,000, a decline of 52.6% compared to HKD 3,866,000 in the previous year[44]. - The company reported a net profit attributable to shareholders of HKD 173,000, compared to HKD 346,000 in the same period last year, reflecting a decline of 50%[44]. - The company reported a profit attributable to equity holders of HKD 173,000 for the six months ended September 30, 2025, down 50% from HKD 346,000 in the previous year[70]. Expenses and Costs - Administrative expenses were approximately HKD 8,350,000, a reduction of about HKD 3,115,000 or 27.2% compared to HKD 11,465,000 in the previous period[14]. - The operating profit for the six months ended September 30, 2025, was impacted by employee expenses totaling HKD 11,196,000, significantly lower than HKD 24,480,000 in the previous year, reflecting a reduction of 54.4%[63]. - Financing costs for the six months ended September 30, 2025, amounted to HKD 1,662,000, a decrease of 52.8% from HKD 3,520,000 in the same period of 2024[65]. - The compensation for directors and key management personnel for the six months ended September 30, 2025, was approximately HKD 3,096,000, a decrease from HKD 3,439,000 for the same period last year[90]. Assets and Liabilities - Total assets as of September 30, 2025, were HKD 172,835,000, slightly down from HKD 173,149,000 as of March 31, 2025[45]. - The company’s total equity as of September 30, 2025, was HKD 171,905,000, up from HKD 171,732,000 as of March 31, 2025[46]. - The total carrying value of bank loans is approximately HKD 62,670,000 as of September 30, 2025, compared to HKD 64,145,000 as of March 31, 2025[85]. - The total financial assets amounted to HKD 73,610,000 as of September 30, 2025, compared to HKD 71,459,000 as of March 31, 2025[88]. - The total financial liabilities were HKD 99,297,000 as of September 30, 2025, slightly down from HKD 99,647,000 as of March 31, 2025[88]. Cash Flow - Net cash generated from operating activities was HKD 5,444,000, significantly lower than HKD 42,381,000 in the prior period[49]. - Cash and cash equivalents at the end of the period increased to HKD 13,128,000 from HKD 13,108,000 at the beginning of the period[49]. - Cash and cash equivalents stood at HKD 13,128,000 as of September 30, 2025, slightly up from HKD 13,108,000 as of March 31, 2025[81]. Shareholder Information - Mr. Chen Liwei holds 495,000,000 shares, representing 72.29% of the company's shares[26]. - The total number of share options available for grant under the share option scheme remained at 66,000,000 as of both April 1, 2025, and September 30, 2025[34]. - The total issued and paid-up ordinary shares remained at 684,750,000 as of September 30, 2025[87]. - The weighted average number of ordinary shares for calculating basic and diluted earnings per share remained constant at 684,750 thousand shares for both periods[70]. Corporate Governance - The company has complied with all applicable corporate governance codes during the reporting period[36]. - All directors confirmed compliance with the standards of the securities trading code during the reporting period[37]. - The company has established an audit committee to enhance communication between the board, external auditors, and management regarding financial reporting and internal controls[38]. Future Outlook - The board remains optimistic about future opportunities despite global economic uncertainties, citing government initiatives to enhance competitiveness and infrastructure projects to drive demand in the construction sector[8]. - Future outlook and significant events affecting the group are discussed in the management discussion and analysis section of the report[41]. Project and Contract Information - The group has five ongoing projects with a total contract value of approximately HKD 227,126,000, and was awarded a new project worth approximately HKD 360,203,000 after the period[7]. - As of September 30, 2025, the total transaction value of performance obligations remaining for existing contracts is approximately HKD 63,194,000, down from HKD 145,085,000 as of March 31, 2025[59]. - Contract assets as of September 30, 2025, amounted to HKD 101,668,000, an increase from HKD 96,241,000 as of March 31, 2025[74]. - Retention money related to completed engineering projects was approximately HKD 32,373,000 as of September 30, 2025, up from HKD 31,644,000 as of March 31, 2025[75]. Compliance and Commitments - As of September 30, 2025, the group had no capital commitments for the purchase of property and equipment[24]. - As of September 30, 2025, the group had no guarantees provided for performance bonds issued by financial institutions, compared to HKD 11,439,000 as of March 31, 2025[25]. - The group had no guarantees provided for performance bonds as of September 30, 2025, compared to HKD 11,439,000 as of March 31, 2025[91]. - The company has not incurred any income tax expenses for the six months ended September 30, 2025, due to cumulative tax losses offsetting taxable profits[67].
上谕集团(01633) - 2026 - 中期财报