Revenue Performance - Revenue decreased by approximately HK$165.4 million from approximately HK$330.0 million in the Last Period to approximately HK$164.6 million in the Current Period[10] - Revenue decreased by approximately HK$165.4 million, or 50.1%, from approximately HK$330.0 million for the Last Period to approximately HK$164.6 million for the Current Period[30] - Revenue for the six months ended September 30, 2025, was HK$164,570,000, a decrease of 50% compared to HK$330,021,000 for the same period in 2024[114] - Revenue from the supply, installation, and maintenance of the MVAC system was HK$130,456,000, down 48.00% from HK$251,082,000 in 2024[134] - Revenue from the supply, installation, and maintenance of low voltage electrical systems was HK$34,114,000, a decrease of 56.75% from HK$78,939,000 in 2024[134] Gross Profit and Loss - Gross profit increased by approximately HK$4.0 million from a gross loss of approximately HK$1.2 million in the Last Period to a gross profit of approximately HK$2.8 million in the Current Period[10] - The Group recorded a gross profit of approximately HK$2.8 million, with a gross profit margin of 1.7%, an improvement from a gross loss of HK$1.2 million and a margin of -0.4% in the previous year[31] - The company recorded a loss attributable to owners of approximately HK$3.9 million for the current period, compared to a loss of HK$8.7 million in 2024[51] - For the six months ended 30 September 2025, the loss attributable to owners of the Company was HK$3,921,000, a decrease of 55.2% compared to a loss of HK$8,747,000 for the same period in 2024[151] - Loss before taxation was HK$5,340,000, an improvement from a loss of HK$11,077,000 in the same period last year[114] Project Awards and Revenue Sources - The Group was awarded 5 projects in the Current Period with an aggregate contract sum of approximately HK$16.0 million, compared to 3 projects with a contract sum of approximately HK$109.3 million in the Last Period[11] - Revenue from MVAC system projects accounted for approximately 79.3% of total revenue in the Current Period, up from 76.1% in the Last Period[18] - Revenue from low voltage electrical system projects accounted for approximately 20.7% of total revenue in the Current Period, down from 23.9% in the Last Period[18] - The largest project awarded in the Current Period was for MVAC system installation for commercial buildings in Hong Kong, with a contract sum of approximately HK$5.8 million[16] - A project related to MVAC system installation was awarded with a contract sum of approximately HK$19.0 million after the Current Period[23] Financial Position and Liquidity - The Group maintained a healthy liquidity position with bank balance and cash of approximately HK$150.7 million as of 30 September 2025, up from HK$97.5 million[48] - The current ratio of the Group was approximately 2.2 times as of 30 September 2025, compared to 2.3 times as of 31 March 2025[49] - The group maintained a strong liquidity position with cash and bank balances of approximately HK$150.7 million as of September 30, 2025, up from HK$97.5 million as of March 31, 2025[53] - The current ratio as of September 30, 2025, was approximately 2.2 times, compared to 2.3 times as of March 31, 2025[53] - The group had no bank borrowings, resulting in a gearing ratio of nil as of September 30, 2025[55] Administrative and Other Expenses - Administrative expenses decreased to approximately HK$12.9 million from HK$13.4 million in the Last Period[34] - Other income slightly decreased to approximately HK$1.5 million from HK$1.7 million in the Last Period[32] - The Group recorded an other gain of approximately HK$3.2 million, attributed to fair value gains on financial assets[40] - Total staff costs for the six months ended 30 September 2025 were HK$37,861,000, down 21.9% from HK$48,494,000 in 2024[151] Shareholder Information and Corporate Governance - As of September 30, 2025, Yu Cheung Choy holds a long position of 246,000,000 shares, representing 61.50% of the issued share capital of the Company[88] - Lau Man Ching holds a long position of 54,000,000 shares, representing 13.50% of the issued share capital of the Company[88] - The Company is committed to maintaining good corporate governance standards to enhance shareholder value[80] - The Audit Committee was established on December 6, 2016, to oversee financial integrity and risk management[99] - All Directors and chief executives confirmed compliance with the securities trading standards during the reporting period[84] Investments and Financial Assets - The Group's financial assets at fair value through profit or loss included equity securities listed in Hong Kong valued at HK$11,254,000 as of 30 September 2025, up from HK$10,407,000 as of 31 March 2025[186] - Unlisted funds in overseas were valued at HK$13,363,000 as of 30 September 2025, compared to HK$12,334,000 as of 31 March 2025[186] - Investment in listed bonds at amortized cost decreased to HK$272,000 from HK$2,536,000 as of March 31, 2025[171] - The company reported a current investment in listed perpetual capital securities of HK$4,190,000, unchanged from the previous period[171] Employee and Management Compensation - Compensation to key management personnel, representing the Directors, was disclosed but specific amounts were not provided in the summary[174] - Directors' fees increased to HK$312,000 for the six months ended 30 September 2025, compared to HK$234,000 for the same period in 2024[175] - Salaries decreased to HK$3,245,000 for the six months ended 30 September 2025, down from HK$3,417,000 for the same period in 2024[175] Future Outlook and Strategic Focus - The Company continues to explore opportunities for market expansion and new project acquisitions[9] - Future outlook includes a commitment to enhancing service offerings and maintaining competitive positioning in the E&M engineering sector[9] - The Group is actively expanding its service scope to include diversified E&M engineering services, such as fire services systems and plumbing[26] - The Group's focus remains on the supply, installation, and maintenance of MVAC systems and low voltage electrical systems[18]
顺兴集团控股(01637) - 2026 - 中期财报