Financial Performance - For the six months ended October 31, 2025, revenue was approximately HKD 15.8 million, a decrease of about 3.1% compared to HKD 16.3 million for the same period in 2024[8]. - The profit attributable to equity holders for the six months ended October 31, 2025, was approximately HKD 31.3 million, compared to a loss of HKD 2.0 million for the same period in 2024[8]. - Basic and diluted earnings per share for the six months ended October 31, 2025, were approximately HKD 0.1272, compared to a loss per share of HKD 0.0081 for the same period in 2024[8]. - Gross profit increased to approximately HKD 0.7 million for the six months ended October 31, 2025, representing a 75% increase from HKD 0.4 million for the same period in 2024[14]. - The gross profit margin improved from approximately 2.5% for the six months ended October 31, 2024, to approximately 4.4% for the same period in 2025[14]. - The company reported a profit before tax of HKD 31,348,000, a substantial recovery from a loss of HKD 1,997,000 in the prior year[48]. - The company reported a profit attributable to equity holders of HKD 31,348,000 for the six months ended October 31, 2025, compared to a loss of HKD 1,997,000 in the same period of 2024[73]. Expenses and Liabilities - Administrative expenses rose to approximately HKD 8.2 million for the six months ended October 31, 2025, an increase of about 54.7% from HKD 5.3 million for the same period in 2024[15]. - Current liabilities increased to HKD 24,846,000 from HKD 18,725,000, reflecting a rise in trade and other payables[50]. - Trade payables rose to HKD 6,990,000 as of October 31, 2025, from HKD 2,864,000 as of April 30, 2025, representing a significant increase of approximately 143.5%[81]. - The company had no capital commitments or contingent liabilities as of October 31, 2025[23][24]. - The company had no significant contingent liabilities, consistent with April 30, 2025[86]. Cash Flow and Assets - As of October 31, 2025, the company's cash and bank balance was approximately HKD 2.6 million, a decrease of about HKD 0.5 million from HKD 3.1 million on April 30, 2025[18]. - Cash and cash equivalents decreased to HKD 2,581,000 from HKD 3,074,000, indicating a cash outflow during the period[55]. - Total assets as of October 31, 2025, amounted to HKD 111,317,000, up from HKD 73,848,000 as of April 30, 2025, indicating strong asset growth[50]. - The company's reserves increased significantly to HKD 77,927,000 from HKD 46,579,000, indicating improved retained earnings[50]. - Trade receivables amounted to HKD 42,940,000 as of October 31, 2025, down from HKD 44,762,000 as of April 30, 2025, reflecting a decrease of approximately 4.1%[74]. - Contract assets increased to HKD 10,599,000 as of October 31, 2025, compared to HKD 9,785,000 as of April 30, 2025, showing an increase of approximately 8.3%[78]. Investments - The company had investments in various entities, with the fair value of investments in Fuyue Holdings Limited at HKD 14.22 million, representing 23.7% of total assets[28]. - The investment in China Integrated Holdings Limited had a fair value of HKD 22.07 million, accounting for 36.8% of total assets[28]. - The investment in China National Cultural Industry Group Limited was valued at HKD 6.425 million, making up 10.7% of total assets[29]. - The fair value change of financial assets measured at fair value through profit or loss was HKD 38,784,000 for the six months ended October 31, 2025, significantly higher than HKD 3,881,000 in 2024, indicating a substantial increase[68]. - The fair value of listed securities classified as held for trading investments increased to HKD 59,979,000 as of October 31, 2025, compared to HKD 21,176,000 as of April 30, 2025, indicating a growth of approximately 183.5%[80]. Corporate Governance and Compliance - The audit committee reviewed the unaudited interim financial statements for the six months ended October 31, 2025, and found them compliant with applicable accounting standards[46]. - The company confirmed compliance with the corporate governance code, with some deviations regarding the notice period for board meetings[36]. - The company has confirmed that all directors complied with the trading code for securities transactions during the reporting period[37]. - The company has not recognized any deferred tax liabilities due to no significant temporary differences during the reporting period[71]. Employee and Management Information - Employee costs, including directors' remuneration, increased to HKD 1,610,000 for the six months ended October 31, 2025, up from HKD 1,171,000 in 2024, representing a growth of approximately 37.5%[69]. - The company's management compensation for the six months ended October 31, 2025, was HKD 504,000, compared to HKD 352,000 for the same period in 2024, representing a 43.2% increase[85]. - The company employed 21 staff members as of October 31, 2025, down from 22 on April 30, 2025[27]. Future Outlook - The company plans to expand its business scope, including property development projects and potential property investments for capital appreciation and stable rental income[11]. - The operating environment for 2026 is expected to remain challenging, but government investment in infrastructure may improve market conditions for the construction industry[11]. - The company will continue to focus on site formation and renovation works in Hong Kong while enhancing its competitive advantages in the construction sector[11]. Share Capital and Dividends - The total issued share capital of the company was HKD 12,320,000, with 246,400,000 ordinary shares outstanding as of October 31, 2025[25]. - No interim dividend was recommended for the six months ended October 31, 2025, compared to none in 2024[38]. - The company had 45,440,000 unexercised share options, representing 18.5% of the issued shares[46]. - The company entered into a subscription agreement on November 9, 2025, to issue 160,000,000 subscription shares at HKD 0.2 per share[39]. - The company has not purchased, sold, or redeemed any of its listed securities during the six months ended October 31, 2025[35].
泰锦控股(08321) - 2026 - 中期财报