Financial Performance - The group's revenue for the six months ended September 30, 2025, was approximately HKD 83.7 million, a decrease of about 29.1% compared to HKD 118.0 million in the same period of 2024[7]. - Profit attributable to owners of the company for the period was approximately HKD 4.3 million, down from HKD 4.7 million in 2024[7]. - Basic earnings per share for the period was approximately HKD 5.05, compared to HKD 5.44 (restated) in 2024[8]. - The total comprehensive income for the period was HKD 4,341,000, a decrease from HKD 4,683,000 in the same period of 2024[11]. - The company reported a pre-tax profit of HKD 5,001,000 for the six months ended September 30, 2025, compared to HKD 4,683,000 in the previous year[19]. - For the six months ended September 30, 2025, the company reported a pre-tax profit of approximately 4,341,000 HKD, a decrease from 4,683,000 HKD in the same period of 2024, representing a decline of about 7.3%[30]. - The company's attributable profit for the six months ended September 30, 2025, was approximately HKD 4.3 million, compared to approximately HKD 4.7 million for the same period in 2024[42]. Revenue Breakdown - The revenue from renovation projects significantly declined to HKD 3,940,000, down 86.7% from HKD 29,514,000 in the previous year[17]. - The company's total revenue from clients for renovation projects in 2025 was 22,157,000 HKD, compared to 51,605,000 HKD in 2024, indicating a significant drop of approximately 57.1%[23]. - Revenue from renovation projects for the six months ended September 30, 2025, was approximately HKD 3.9 million, down about 86.7% compared to approximately HKD 29.5 million for the same period in 2024[38]. Assets and Liabilities - Total assets less current liabilities as of September 30, 2025, amounted to HKD 60.1 million, compared to HKD 56.2 million as of March 31, 2025[9]. - The company's total assets as of September 30, 2025, amounted to HKD 56,085,000, reflecting a slight increase from HKD 50,521,000 as of the same date in 2024[11]. - Current liabilities increased to HKD 134.0 million from HKD 104.9 million, indicating a rise in financial obligations[10]. - The company reported total liabilities of 60,820,000 HKD as of September 30, 2025, compared to 40,861,000 HKD as of March 31, 2025, indicating an increase of approximately 48.9%[34]. - The company's total equity as of September 30, 2025, was HKD 56.1 million, up from HKD 51.7 million[10]. - The company’s total equity attributable to owners increased to HKD 56,085,000 as of September 30, 2025, from HKD 50,521,000 in the previous year[11]. Cash Flow - The net cash outflow from operating activities for the six months ended September 30, 2025, was HKD 5,453,000, compared to HKD 731,000 in the same period of 2024[13]. - The company experienced a net cash inflow from financing activities of HKD 3,215,000, a turnaround from a net outflow of HKD 4,435,000 in the previous year[13]. - The company’s cash and cash equivalents decreased to HKD 9,010,000 from HKD 9,305,000 at the end of the previous period[13]. Costs and Expenses - The total employee costs for the six months ended September 30, 2025, were 9,659,000 HKD, down from 11,496,000 HKD in 2024, reflecting a decrease of about 15.9%[26]. - Administrative expenses for the six months ended September 30, 2025, were approximately HKD 11.4 million, down about 15.5% from approximately HKD 13.4 million for the same period in 2024[41]. - Direct costs decreased from approximately HKD 98.6 million for the six months ended September 30, 2024, to approximately HKD 65.6 million for the current period, a reduction of about 33.5%[39]. Shareholder Information - The board of directors did not recommend any dividend payment for the period[7]. - The company plans to conduct a rights issue at a subscription price of 0.110 HKD per share, with the completion expected in December 2025[35]. - The company announced a proposed rights issue on September 4, 2025, offering 160,000,000 shares at a subscription price of HKD 0.110 per share, with estimated net proceeds of approximately HKD 16.4 million[86]. - The net proceeds from the rights issue are intended to be used for HKD 13.7 million in financial resources for contracting services and approximately HKD 2.7 million for general working capital[86]. Corporate Governance - The audit and risk management committee, chaired by an independent non-executive director, has reviewed the company's financial reporting and internal controls[90]. - The company has adhered to the corporate governance code as per GEM Listing Rules, with a noted deviation regarding the roles of the chairman and CEO being held by the same individual[89]. - The financial information presented in the report has not been audited, and the directors have confirmed their responsibility for the preparation of the financial statements[85]. Future Plans - The company aims to expand its business in the public housing sector due to anticipated growth in land supply from the government[43]. - The company plans to optimize project milestone settings and simplify client acceptance processes to achieve more timely revenue recognition in the future[43].
艾硕控股(08341) - 2026 - 中期财报