Financial Performance - For the six months ending September 30, 2025, the group recorded revenue of approximately HKD 815.5 million, an increase of about HKD 567.3 million or 228.6% compared to HKD 248.2 million for the same period in 2024[7]. - Gross profit for the same period was approximately HKD 84.2 million, up by about HKD 39.8 million or 89.6% from HKD 44.4 million in 2024, with a gross margin of approximately 10.3%[7]. - The profit attributable to the owners of the company for the six months was approximately HKD 15.1 million, a turnaround from a loss of HKD 26.6 million in the same period of 2024[7]. - Adjusted EBITDA increased from approximately HKD 15.9 million in 2024 to about HKD 36.1 million in 2025[7]. - Basic and diluted earnings per share for the period were approximately HKD 0.55, compared to a loss of approximately HKD 1.06 per share in 2024[7]. - The company reported a significant increase in non-current assets, totaling HKD 483,606,000 as of September 30, 2025, compared to HKD 341,592,000 as of March 31, 2025[23]. - The company’s total comprehensive income for the period was HKD 15,521,000, compared to a loss of HKD 25,639,000 in the previous year[22]. - The company reported a pre-tax profit of HKD 18,608,000 for the six months ending September 30, 2025, compared to a pre-tax loss of HKD 24,334,000 for the same period in 2024[43]. Revenue Breakdown - Revenue from Hong Kong increased to HKD 310,846,000 in 2025, up from HKD 232,342,000 in 2024, reflecting a growth of about 34%[45]. - Revenue from Mainland China surged to HKD 427,496,000 in 2025, compared to HKD 15,834,000 in 2024, indicating an increase of over 2600%[45]. - The construction and renovation segment generated HKD 25,728,000 in revenue, while the reverse supply chain management and environmental services segment contributed HKD 789,801,000, leading to a total segment revenue of HKD 815,529,000[42]. - Revenue from reverse supply chain management and environmental services reached HKD 789,801,000, compared to HKD 157,443,000 in 2024, marking an increase of 401%[47]. Assets and Liabilities - Total assets as of September 30, 2025, amounted to HKD 1,203,447,000, while total liabilities were HKD 581,664,000, resulting in a net asset value of HKD 621,783,000[25]. - Cash and cash equivalents decreased to HKD 139,766,000 from HKD 167,936,000, reflecting a reduction of 17%[23]. - Trade receivables increased to HKD 27,843,000 from HKD 14,252,000, showing a growth of 96%[23]. - Trade payables increased to HKD 76,292,000 as of September 30, 2025, compared to HKD 68,286,000 as of March 31, 2025, representing an increase of about 11.7%[75]. - Contract liabilities from customer deposits for industrial materials sales decreased to HKD 125,293,000 as of September 30, 2025, from HKD 183,193,000 as of March 31, 2025, a reduction of approximately 31.5%[78]. Investments and Acquisitions - The company completed the acquisition of 100% of Green Jade on May 13, 2025, for a total consideration of approximately HKD 39,318,000, paid through the issuance of 4,545,455 new shares at HKD 8.65 per share[107]. - The acquisition resulted in goodwill of HKD 33,158,000, reflecting expected synergies, revenue growth, and future market developments[111]. - The company completed the acquisition of exclusive trading rights for materials, with a consideration of approximately HKD 120,012,000, paid through the issuance of 39,348,370 new shares[114]. Financing Activities - The company raised HKD 99,331 thousand from share issuance during the financing activities, up from HKD 82,606 thousand in the same period last year, showing a positive trend in capital raising[28]. - The company raised approximately HKD 155,000,000 from the placement of 50,000,000 new shares at HKD 3.1 per share on October 31, 2025, with a net amount of approximately HKD 154,900,000 after expenses[114]. - A financing agreement was established on January 6, 2025, providing a loan of USD 7,000,000 (approximately HKD 54,411,000) at a 5% annual interest rate, with an additional USD 3,000,000 added on January 23, 2025[148]. Corporate Governance and Social Responsibility - The group received multiple honors for corporate social responsibility, including the "Caring Company Certificate" and the "2024 BOCHK Corporate Low Carbon Environmental Leadership Award"[12]. - The company has adopted and complied with the corporate governance code as per listing rules[191]. - All directors have adhered to the prescribed trading code during the six months ending September 30, 2025[192]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[20]. - The company is optimistic about future growth in reverse supply chain management and environmental services, expecting continued expansion in this sector[117].
晋景新能(01783) - 2026 - 中期财报