Financial Performance - The company reported revenue of HKD 112,626,000 for the six months ended September 30, 2025, a decrease of 7.7% compared to HKD 121,928,000 in the same period of 2024[5]. - Operating profit for the same period was HKD 77,131,000, down 12% from HKD 87,565,000 year-on-year[5]. - The net loss for the period was HKD 25,688,000, significantly improved from a loss of HKD 83,401,000 in the previous year, representing a reduction of 69%[6]. - The company reported a loss attributable to shareholders of HKD 85,847,000 for the period, compared to a profit of HKD 2,446,000 in the previous year[10]. - The group reported a net loss of HKD 25,700,000 for the six months ended September 30, 2025, compared to a loss of HKD 83,400,000 in the previous year[49]. - The company reported a pre-tax loss of HKD 28,970,000 for the six months ended September 30, 2025, compared to a loss of HKD 85,847,000 in 2024, indicating a significant reduction in losses[27]. Assets and Liabilities - The company’s total assets as of September 30, 2025, were HKD 10,860,738,000, slightly down from HKD 10,871,083,000 as of March 31, 2025[7]. - Total liabilities decreased to HKD 2,414,658,000 as of September 30, 2025, from HKD 2,434,883,000 as of March 31, 2025, showing a reduction of 0.8%[22]. - The company’s total equity as of September 30, 2025, was HKD 8,545,210,000, down from HKD 8,586,077,000[10]. - The company’s equity increased to HKD 8,446,080,000 from HKD 8,436,200,000, reflecting a stable financial position[8]. - The company’s cash flow from investment activities was HKD 16,203,000, a decrease from HKD 63,549,000 year-over-year[12]. Cash and Liquidity - Cash and bank balances increased to HKD 407,531,000 from HKD 389,634,000, indicating improved liquidity[7]. - Cash and cash equivalents at the end of the period increased to HKD 403,531,000 from HKD 385,692,000, showing a growth of about 4.3%[12]. - The company’s financial expenses decreased to HKD 47,475,000 from HKD 60,911,000, contributing to the overall improvement in financial results[5]. - Total bank borrowings amounted to HKD 2,257,000,000 as of September 30, 2025, down from HKD 2,281,000,000 as of March 31, 2025, with an average effective interest rate of 4.12% compared to 5.29% in 2024[60]. Investment Properties - The fair value of investment properties as of September 30, 2025, was HKD 7,848,447,000, reflecting a decrease from HKD 7,857,288,000 as of March 31, 2025[29]. - The fair value change of investment properties resulted in a loss of HKD 8,841,000, compared to a loss of HKD 7,346,000 in the previous year[18]. - The rental income from the property at 68 Yee Wo Street, Causeway Bay, was HKD 45,200,000, down from HKD 48,700,000 year-on-year, despite an increase in occupancy rate to 83%[51]. - The rental income from the property at 80,140 square feet in Central was HKD 22,900,000, a decrease from HKD 25,200,000 year-on-year, with an occupancy rate of 90%[51]. - The group’s property in Kwun Tong had a rental contribution of HKD 21,600,000, down from HKD 22,100,000 year-on-year, with a fair value decrease of HKD 2,000,000[50]. Corporate Governance - The company is committed to maintaining a high level of corporate governance to protect shareholder interests and enhance corporate value and accountability[77]. - The company has adopted the principles and corporate governance code as outlined in Appendix C1 of the listing rules, and has complied with all provisions of the corporate governance code for the six months ending September 30, 2025[77]. - The company has adopted the Standard Code for Securities Transactions by Directors as per Appendix C3 of the listing rules, confirming that all directors complied with the code throughout the period ending September 30, 2025[78]. - The board of directors consists of four independent non-executive directors who reviewed and recommended the approval of the unaudited consolidated interim financial statements for the six months ended September 30, 2025[75]. Shareholder Information - Major shareholders include Forward Investments Inc. with 283,200,215 shares (24.54%) and Intercontinental Enterprises Corp. with 215,768,260 shares (18.70%) as of September 30, 2025[71]. - The company did not recommend any interim dividend for the six months ended September 30, 2025, consistent with the previous year[74]. - The company had no purchases, sales, or redemptions of its listed shares during the six months ended September 30, 2025[76]. - The company has no unexercised share options granted under the share option scheme as of September 30, 2025[73].
建生国际(00224) - 2026 - 中期财报