Financial Performance - For the six months ended September 30, 2025, the group recorded revenue from continuing operations of approximately HKD 1,236 million, a slight increase of about 1% compared to HKD 1,225 million in the same period last year[9]. - The gross profit from continuing operations decreased from approximately HKD 11.3 million in the previous interim period to about HKD 1.6 million in the current period[9]. - The group reported a loss of approximately HKD 8.1 million from discontinued operations, compared to a profit of about HKD 0.6 million in the previous interim period[11]. - The profit attributable to the company's owners was approximately HKD 4.7 million, an increase of about HKD 2.5 million from HKD 2.2 million in the previous interim period[11]. - Earnings per share for the period were approximately HKD 0.75, compared to HKD 0.41 in the previous interim period[12]. - The total comprehensive income for the period was HKD 7,798,000, up from HKD 5,666,000 in the previous year, representing an increase of approximately 37.6%[51]. - The net profit from continuing operations for the period was HKD 12,750,000, compared to HKD 1,566,000 in 2024, marking an increase of approximately 715%[50]. - The company reported a significant increase in bank interest received, amounting to HKD 3,238,000 for the six months ended September 30, 2025, compared to HKD 2,995,000 in the previous year, marking an 8.1% increase[57]. - The company reported a loss of HKD 8,899,000 for the six months ending, compared to a loss of HKD 8,973,000 for the same period in 2024[108]. Revenue Breakdown - The supply chain management segment recorded revenue of approximately HKD 1,236 million, including material trading revenue of HKD 1,232 million and transportation service revenue of HKD 3.98 million[13]. - Revenue from external customers for the six months ended September 30, 2025, was HKD 1,236,227,000, compared to HKD 1,224,709,000 for the same period in 2024, reflecting a year-over-year increase[71]. - The group’s revenue from material trading in Hong Kong was HKD 117,775,000 for the six months ended September 30, 2025, down from HKD 240,097,000 in 2024[71]. - Revenue from mainland China (excluding Hong Kong) increased to HKD 1,118,452,000 in 2025 from HKD 984,612,000 in 2024, indicating a growth of approximately 13.6%[71]. Operational Strategy - The group has established solid business relationships with a diversified customer base in the supply chain management sector since its inception in 2019[15]. - The group’s procurement strategy involves bulk purchasing of iron ore products at competitive prices to ensure sufficient inventory at ports to meet customer demand[16]. - The group plans to continue developing its supply chain management business, focusing on value-added services such as price monitoring and proactive procurement planning[15]. - The company has signed long-term storage agreements with major ports in China, significantly reducing overall storage and logistics costs, allowing for more competitive pricing for customers[18]. - The company typically pays suppliers a deposit of up to 15% of the purchase price for iron ore products, while offering customers a credit period of up to one month, improving their cash flow and liquidity[19]. - The company maintains a robust supply chain network, ensuring stable and reliable supply of various grades of iron ore products, which supports growth in supply chain management operations[20]. Financial Position - As of September 30, 2025, the group's current assets and current liabilities were approximately HKD 736.4 million and HKD 589.2 million, respectively, resulting in a current ratio of 1.25[28]. - The total cash and bank deposits amounted to approximately HKD 201.6 million as of September 30, 2025, up from HKD 144.1 million as of March 31, 2025[28]. - The group's total interest-bearing loans were approximately HKD 219.0 million as of September 30, 2025, compared to HKD 207.3 million as of March 31, 2025[28]. - The capital debt ratio was approximately 29.6% as of September 30, 2025, down from 31.1% as of March 31, 2025[29]. - The total amount of credit financing obtained from various banks was approximately HKD 69.5 million and USD 50 million as of September 30, 2025[29]. - The company has sufficient liquidity and financial resources to meet its current business financial needs[29]. Shareholder Information - The company did not recommend any dividends for the six months ended September 30, 2025, consistent with the previous year[81]. - The company issued new shares amounting to HKD 25,972,000 in the previous year, which is not repeated in the current period, indicating a shift in financing strategy[57]. - As of September 30, 2025, Mr. Zhu Feng holds 174,797,650 shares, representing 28.11% of the company's issued share capital[122]. - Ensure Prestige Limited owns 96,276,700 shares, accounting for 15.48% of the company's issued share capital[126]. - Mega Start Limited holds 46,912,500 shares, which is 7.54% of the company's issued share capital[126]. - The total number of issued shares as of September 30, 2025, is 621,876,317[124]. Corporate Governance - The company has complied with all corporate governance codes as per the listing rules during the reporting period[130]. - The audit committee, consisting of three independent non-executive directors, reviewed the group's interim performance[133]. - The company has not received any notifications regarding interests in shares from any parties other than those disclosed[126]. Discontinued Operations - The company reported a profit from discontinued operations of HKD 6,086,000 for the six months ended September 30, 2025, down from HKD 16,505,000 in the prior year[79]. - The company completed the sale of Prosper Ace Investments Limited for HKD 1, with a settlement amount of HKD 15 million to clear outstanding debts[77][78]. - The financial performance of the target company has been classified as discontinued operations, with its assets and liabilities categorized as held for sale as of September 30, 2025[25]. - The sale of the target company was completed on October 22, 2025[26]. - The company reported a total revenue of HKD 125,203,000 from discontinued operations, a decrease of 42% from HKD 214,777,000 in the previous year[79]. - The loss per share from discontinued operations for the six months ended September 30, 2025, was HKD 1.305, compared to a profit of HKD 0.114 per share in 2024, with a total loss of approximately HKD 8,113,000[85]. Employee Compensation - The total employee compensation for the period was approximately HKD 18.9 million, a decrease from HKD 25.1 million in the previous interim period[46]. - The total remuneration for directors and key management personnel for the six months ending September 30, 2025, was HKD 5,873,000, down from HKD 8,488,000 in 2024, indicating a decrease of approximately 30%[111]. New Initiatives - The company has adopted a new share option scheme to attract and retain talent, which is effective for ten years[95]. - As of September 30, 2025, the company granted a total of 3,332,278 stock options, representing approximately 0.5% of the issued share capital[96]. - The new share option plan allows for a total of 37,499,999 options, which is about 6.03% of the total issued shares as of September 30, 2025[119].
绿色经济(01315) - 2026 - 中期财报