Project Management - As of September 30, 2025, the Group had six major projects on hand, each with an awarded contract sum of HK$10.0 million or above[11] - During the six months ended September 30, 2025, the Group successfully completed two major projects, each with an awarded contract sum of HK$10.0 million or above[11] - The Group was awarded two sizeable contracts during the same period, with an aggregate contract sum exceeding HK$1 billion[12] - The Group aims to diversify its customer base and enhance its reputation by ensuring timely project completion with high quality and implementing cost-effective measures[12] Financial Performance - The Group's revenue increased by approximately HK$67.7 million or approximately 11.7%, from approximately HK$580.3 million for the six months ended 30 September 2024 to approximately HK$648.0 million for the six months ended 30 September 2025[20][24] - Revenue from building construction services increased by approximately HK$198.0 million or approximately 44.4%, from approximately HK$446.3 million to approximately HK$644.3 million during the same period[21][25] - Revenue from RMAA works services significantly decreased by approximately HK$130.3 million or approximately 97.2%, from approximately HK$134.0 million to approximately HK$3.7 million[22][26] - The gross profit increased by approximately HK$6.2 million or approximately 36.7%, from approximately HK$16.9 million to approximately HK$23.1 million, with a gross profit margin increase from approximately 2.9% to approximately 3.6%[28][31] - The gross profit from building construction services increased by approximately HK$7.6 million or approximately 49.7%, with a gross profit margin increase from approximately 3.4% to approximately 3.6%[29][32] - The gross profit from RMAA works services decreased by approximately HK$1.4 million or approximately 87.5%, but the gross profit margin increased from approximately 1.2% to approximately 5.4%[33][36] - The Group's net profit increased by approximately HK$1.3 million or 26.0%, from approximately HK$5.0 million for the six months ended 30 September 2024 to approximately HK$6.3 million for the six months ended 30 September 2025[41] - The net profit margin improved to approximately 1.0% for the six months ended 30 September 2025, up from 0.9% in the previous period, representing an increase of 0.1 percentage point[41] Costs and Expenses - The cost of sales increased by approximately HK$61.5 million or approximately 10.9%, from approximately HK$563.4 million to approximately HK$624.9 million[27][30] - Other income, other gains and losses decreased by approximately HK$4.6 million or approximately 60.5%, from approximately HK$7.6 million to approximately HK$3.0 million[34][37] - Administrative expenses remained stable at approximately HK$18.7 million for both periods[35][38] - Finance costs decreased by approximately HK$45,000 or approximately 16.8%, from approximately HK$268,000 to approximately HK$223,000[39] Taxation and Compliance - The income tax expense rose by approximately HK$0.2 million or 33.3%, from approximately HK$0.6 million for the six months ended 30 September 2024 to approximately HK$0.8 million for the six months ended 30 September 2025[43] - The effective tax rate increased to approximately 11.5% for the six months ended 30 September 2025, compared to 10.0% for the same period in 2024[43] - The Group has complied with all applicable code provisions of the Corporate Governance Code during the six months ended September 30, 2025[69] - The group has complied with all relevant laws and regulations that significantly impact its business and operations during the reporting period[79] Shareholder Information - The shares of the Company were listed on the Main Board of The Stock Exchange of Hong Kong Limited on February 27, 2019[10] - The group has resolved not to declare any interim dividend for the six months ended September 30, 2025, consistent with the previous year[80] - The company adopted a share option plan on January 21, 2019, with 80,000,000 options available for grant, representing 10% of the issued shares as of April 1, 2025, and September 30, 2025[84] - As of September 30, 2025, no share options have been granted, exercised, or expired under the share option plan[84] - The share award plan was adopted on July 31, 2020, involving existing shares only, with no new shares to be issued[85] - As of September 30, 2025, 6,796,000 shares were held by the trustee under the share award plan, representing approximately 0.8% of the issued shares[86] - No shares have been granted to eligible participants under the share award plan since its adoption[86] Assets and Liabilities - Total assets as of September 30, 2025, were HK$887,318,000, an increase from HK$785,329,000 as of March 31, 2025[127] - Current assets increased to HK$610,211,000 from HK$505,137,000, reflecting a growth of 20.8%[127] - Current liabilities rose to HK$375,110,000, up from HK$260,715,000, indicating a 43.7% increase[127] - The Group's total trade payables rose to HK$131,620,000 as of September 30, 2025, from HK$76,820,000 as of March 31, 2025[178] - Retention payables increased to HK$81,072,000 as of September 30, 2025, compared to HK$71,713,000 as of March 31, 2025[178] Cash Flow and Financing - The company reported a decrease in cash generated from operations, which fell to HK$83,439 from HK$86,947 year-over-year[133] - Net cash from operating activities for the six months ended September 30, 2025, was HK$83,175, a decrease of 0.7% from HK$86,787 in 2024[133] - New bank borrowings raised amounted to HK$13,000, significantly higher than HK$5,000 in the previous year[134] - The Group fully drew a banking facility of HK$3,000,000 during the interim period, which was used to finance the acquisition of land and buildings[182] Management and Governance - The board of directors consists of seven members, including three executive directors, one non-executive director, and three independent non-executive directors[75] - Mr. KY Tsang ceased to be a member of the nomination committee, and Ms. Chan Lok Man was appointed as a member effective June 27, 2025[112] - The condensed consolidated financial statements for the six months ended September 30, 2025, were reviewed by the audit committee of the Board[113] - Deloitte Touche Tohmatsu conducted the review of the condensed consolidated financial statements[125] Related Party Transactions - Significant related party transactions were disclosed in note 15 of the condensed consolidated financial statements, but none constituted connected transactions[104] - No connected transactions were entered into by the Group during the six months ended September 30, 2025[103] Employee Information - Key management personnel compensation for the six months ended September 30, 2025, totaled HK$2,599,000, an increase from HK$2,494,000 in the same period of 2024[192] - Employee benefit expenses (excluding directors' remuneration) for the six months ended September 30, 2025, were HK$42,131,000, down from HK$45,485,000 in 2024, a decrease of 7.3%[158]
伟工控股(01793) - 2026 - 中期财报