Financial Performance - The company recorded revenue of approximately HKD 459.5 million for the six months ended September 30, 2025, an increase of approximately HKD 82.8 million or 22.0% compared to HKD 376.7 million in the same period last year[10]. - Gross profit increased to approximately HKD 84.9 million, up by approximately HKD 17.1 million or 25.2% from HKD 67.8 million year-on-year, with a gross margin of approximately 18.5%, slightly up from 18.0%[12]. - The company reported a net profit attributable to shareholders of approximately HKD 29.9 million, compared to HKD 21.8 million in the same period last year[12]. - Profit before tax increased to HKD 36,511,000, a 35% rise compared to HKD 26,983,000 in the previous year[84]. - Net profit for the period was HKD 30,764,000, reflecting a 36% increase from HKD 22,547,000 in the prior year[84]. - Total comprehensive income for the period reached HKD 39,760,000, up 56% from HKD 25,557,000 year-on-year[84]. - Basic and diluted earnings per share increased to HKD 4.98, compared to HKD 3.63 in the same period last year[84]. - The company reported a net profit of HKD 29,853,000 for the period, compared to HKD 21,759,000 in the same period last year, representing an increase of approximately 37.1%[89]. - Total comprehensive income for the period was HKD 39,163,000, up from HKD 24,769,000 year-over-year, indicating a growth of about 58.2%[90]. Expenses and Costs - General and administrative expenses increased to approximately HKD 44.1 million, up by approximately HKD 3.9 million from HKD 40.2 million year-on-year, consistent with the increase in revenue[12]. - Sales costs increased by approximately HKD 65.7 million or 21.3%, with sales costs accounting for approximately 81.5% of total revenue, a slight decrease from 82.0% year-on-year[15]. - Financial expenses rose to approximately HKD 1.3 million from about HKD 0.9 million in the same period last year, primarily due to an increase in the average balance of bank borrowings[22]. - Income tax expenses increased to approximately HKD 5.7 million from about HKD 4.4 million in the previous year, mainly due to an increase in taxable profits during the reporting period[24]. - Research and development expenses increased to HKD 11,028,000 for the six months ended September 30, 2025, from HKD 9,449,000 in 2024, reflecting a focus on innovation[121]. Assets and Liabilities - Total current assets as of September 30, 2025, were approximately HKD 557.3 million, representing 61.8% of total assets, up from HKD 508.4 million and 60.4% as of March 31, 2025[26]. - Total assets as of September 30, 2025, amounted to HKD 902,355,000, an increase from HKD 842,351,000 as of March 31, 2025[86]. - Current liabilities increased to HKD 240,350,000 from HKD 211,317,000 as of March 31, 2025[87]. - Accounts payable rose to HKD 150,784,000 as of September 30, 2025, compared to HKD 113,990,000 as of March 31, 2025, indicating a significant increase in liabilities[157]. - The company’s bank borrowings as of September 30, 2025, amounted to HKD 67,206,000, with a total cash flow of HKD 233,080,000 due within one year[106]. Shareholder Information - The company does not recommend any interim dividend during the reporting period[71]. - The company declared and paid a final dividend of HKD 7,800,000, compared to HKD 4,800,000 in the previous period, reflecting a 62.5% increase in dividends[92]. - The board proposed a final dividend of HKD 0.013 per share for the year ending March 31, 2025, with a total payout of HKD 7,800,000 made in September 2025[132]. - As of September 30, 2025, Mr. Sun Guohua holds 449,999,012 shares, representing 75% of the company's equity[63]. - KIG Real Estate Holdings Limited, in which Mr. Sun Guohua has a 40.50% beneficial ownership, holds 449,999,012 shares, also representing 75% of the company's equity[66]. Corporate Governance - The board of directors confirms compliance with the corporate governance code, except for the deviation where the roles of Chairman and CEO are held by the same individual, Mr. Sun Guohua[67]. - The audit committee has reviewed the interim financial information and believes it complies with the applicable standards and regulations[73]. - The company must comply with listing rules regarding the issuance of securities to shareholders[51]. Operational Developments - The company aims to enhance production efficiency, contributing to the slight increase in gross margin[16]. - The company faced challenges due to geopolitical tensions and high inflation rates affecting the global economy[10]. - The company plans to expand its overseas production base in Malaysia to provide flexible supply chain solutions and capture new customer opportunities amid geopolitical uncertainties[41]. - The total number of employees increased to 1,282 as of September 30, 2025, from 1,057 employees a year earlier[43]. Financial Management - The company has established financial risk management policies to ensure timely settlement of all payables within the credit period[157]. - The company regularly monitors compliance with financial covenants related to its borrowings, with no breaches reported as of September 30, 2025[25]. - The debt-to-asset ratio must not exceed 60%, and the current ratio must not be less than 1.0, both of which were compliant as of September 30, 2025[25].
KFM金德(03816) - 2026 - 中期财报