Financial Performance - The Group's revenue for the six months ended 30 September 2025 was approximately HK$112.6 million, a decrease of approximately 42.4% compared to HK$195.7 million for the same period in 2024[14]. - Profit attributable to the owners of the Company for the Period was approximately HK$0.7 million, a turnaround from a loss of approximately HK$3.4 million in the same period last year[14]. - Basic and diluted earnings per share for the Period were approximately HK cents 0.01, compared to a loss per share of approximately HK cents 0.06 for the same period in 2024[14]. - The gross profit of the Group for the Period amounted to approximately HK$30.1 million, a decrease of approximately 28.7% compared to approximately HK$42.2 million for the corresponding period in 2024, with a gross profit margin of approximately 26.7%[45]. - The Group recorded a net profit attributable to the owners of the Company of approximately HK$0.7 million for the Period, compared to a net loss of approximately HK$3.4 million for the corresponding period in 2024, primarily due to a decrease in subcontracting costs[56][59]. - Total comprehensive income for the period attributable to owners was HK$520,000, recovering from a loss of HK$3,473,000 in the previous year[144]. - The company reported a decrease in accumulated losses to HK$124,411,000 as of September 30, 2025, from HK$125,075,000 at the start of the period, indicating improved profitability[150]. Revenue Breakdown - Revenue from the foundation and building construction segment was approximately HK$92.4 million, representing a decrease of approximately 41.1% from HK$157.0 million in the corresponding period in 2024[16]. - Revenue from digital assets related businesses was approximately HK$18.8 million, a decrease of approximately 47.6% compared to HK$35.9 million for the same period in 2024[24]. - Revenue generated from trust and custody services was approximately HK$0.4 million, a decrease of approximately 77.8% compared to approximately HK$1.8 million for the corresponding period in 2024[32]. - Revenue from proprietary trading in digital assets was approximately HK$18.8 million, a decrease of approximately 47.6% compared to approximately HK$35.9 million for the same period in 2024[26]. - Revenue from contracts with customers amounted to HK$93,396,000, down 41.3% from HK$159,423,000 in the previous year[194]. - Revenue from foundation and building construction works was HK$92,041,000, a decline of 41.2% compared to HK$156,589,000 in 2024[194]. Assets and Liabilities - The Group's total assets and total liabilities as of 30 September 2025 were approximately HK$329.1 million and approximately HK$179.4 million, respectively, resulting in a debt ratio of approximately 54.5%[57][60]. - Total assets decreased to HK$329,135,000 as of September 30, 2025, down from HK$680,345,000 as of March 31, 2025[147]. - Current assets decreased significantly to HK$307,800,000 from HK$665,569,000, indicating a reduction in liquidity[147]. - Total liabilities decreased to HK$179,398,000 from HK$530,728,000, reflecting a reduction in financial obligations[149]. - Net current assets were HK$128,402,000, slightly down from HK$136,919,000 as of March 31, 2025[149]. Operational Highlights - The Group was awarded 3 new contracts during the Period with a total contract value of approximately HK$81.6 million[18]. - As of 30 September 2025, the Group had 2 projects in progress with a total contract value of approximately HK$496.4 million[22]. - The Group's foundation-related businesses are expected to continue facing severe challenges due to the decline in construction works[78]. - The Group continues to engage in foundation and building construction works, digital assets related businesses, and technical services, indicating a diversified operational focus[156]. Corporate Governance - The Company has complied with the applicable code provisions of the Corporate Governance Code, with the exception of the separation of roles between the Chairman and Chief Executive Officer, which are held by the same individual, Mr. Ren[123][129]. - The Audit Committee, comprising three independent non-executive Directors, has reviewed the Group's unaudited condensed consolidated interim financial information and confirmed compliance with applicable accounting standards and legal requirements[135][137]. - The Board is committed to high standards of corporate governance practices and regularly reviews these practices to meet stakeholder expectations and regulatory requirements[122][130]. Shareholder Information - The total number of issued shares of the Company was 5,370,510,000 shares as of September 30, 2025[100]. - OKC Holdings Corporation holds 3,904,925,001 shares, representing approximately 72.71% of the total issued share capital of the Company[104]. - Mr. Xu Mingxing is deemed to have an interest in 3,904,925,001 shares, equivalent to approximately 72.71% of the total issued share capital[109]. - The newly adopted 2025 Share Option Scheme allows for the grant of up to 537,051,000 shares, representing 10% of the issued shares as of September 5, 2025[113]. Financial Risks and Management - The Group's activities expose it to various financial risks, including market risk, credit risk, and liquidity risk[165]. - The Group's liquidity and funding risk management policies have not changed materially since the year-end[170]. - The directors believe that the carrying amounts of financial assets and liabilities recorded at amortized cost approximate their fair value[181].
欧科云链(01499) - 2026 - 中期财报