Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 517,298,000, a 2.4% increase from HKD 504,064,000 in the same period of 2024[2] - Gross profit decreased to HKD 100,899,000, down 3.2% from HKD 104,582,000 year-over-year[2] - Profit before tax was HKD 23,485,000, representing a 27.1% decline from HKD 32,187,000 in the previous year[2] - Net profit for the period was HKD 19,122,000, a decrease of 31.5% compared to HKD 27,991,000 in 2024[2] - Basic and diluted earnings per share were both HKD 1.5, down from HKD 2.5 in the prior year[2] - Total comprehensive income for the period was HKD 28,953,000, down 42.4% from HKD 50,127,000 in the same period last year[3] Assets and Liabilities - The company's total assets as of September 30, 2025, were HKD 633,941,000, an increase from HKD 616,395,000 as of March 31, 2025[6] - Non-current assets amounted to HKD 257,395,000, up from HKD 252,174,000 at the end of March 2025[5] - Current liabilities decreased to HKD 306,278,000 from HKD 447,327,000, indicating improved liquidity[5] - The company's equity attributable to shareholders increased to HKD 576,568,000 from HKD 562,595,000[6] Cash Flow - For the six months ended September 30, 2025, the company reported a net cash outflow from operating activities of HKD (118,420) thousand, compared to a net inflow of HKD 3,636 thousand for the same period in 2024[11] - The company incurred a net cash outflow from investing activities of HKD (27,998) thousand, compared to a net inflow of HKD 28,521 thousand in 2024[11] - The company’s financing activities resulted in a net cash outflow of HKD (19,568) thousand, compared to HKD (15,675) thousand in the previous year[11] - Cash and cash equivalents decreased by HKD 165,986 thousand, ending at HKD 125,533 thousand compared to HKD 167,163 thousand at the end of the previous period[11] Revenue Breakdown - Revenue from IT infrastructure solutions services was HKD 383,776 thousand, up 2.0% from HKD 373,405 thousand in the previous year[16] - IT application and solution development services generated revenue of HKD 26,465 thousand, down from HKD 31,280 thousand in the previous year[16] - The company did not report any revenue from property leasing for the current period, compared to HKD 61 thousand in the previous year[16] - Revenue from customer contracts recognized at a point in time was HKD 403,179,000, while revenue recognized over time was HKD 100,824,000, contributing to a total segment revenue of HKD 504,003,000[19] Employee and Management Costs - Employee costs, including directors' remuneration, totaled HKD 102,614,000, an increase from HKD 99,388,000 in the previous year, marking a rise of approximately 2.25%[26] - The total compensation for key management personnel amounted to 9,368 thousand HKD for the six months ended September 30, 2025, compared to 8,485 thousand HKD for the same period in 2024[44] Shareholder Information - The company’s issued share capital was HKD 21,939,758, divided into 877,590,312 shares with a par value of HKD 0.025 each[106] - Mr. Li holds 190,894,800 shares, representing approximately 21.75% of the company's issued share capital[104] - Biz Cloud Limited holds 171,715,600 shares, representing approximately 19.57% of the issued share capital[109] - Dr. Tsai Chao-hui owns 180,512,000 shares, which is approximately 20.57% of the issued share capital[111] Corporate Governance - The company has maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange, with the exception of the separation of roles between the Chairman and CEO[95] - The company has established an audit committee consisting of three independent non-executive directors to ensure compliance with listing rules and corporate governance codes[113] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2025, confirming they are prepared in accordance with applicable accounting standards[113] Future Outlook - The company is actively expanding its sales pipeline and customer base, particularly in the public service sector, to drive future growth[58] - The company is exploring new strategies for property leasing, including partnerships with local real estate agencies and diversifying leasing options[62] - The management anticipates that the new and revised Hong Kong Financial Reporting Standards will not have a significant impact on the company's financial statements in the current or future reporting periods[52] - The company plans to leverage artificial intelligence to improve operations and efficiency, aiming to meet evolving customer needs[64]
扬科集团(01460) - 2026 - 中期财报