Revenue Performance - The group's revenue increased by approximately HKD 5.4 million or 2.8% to about HKD 198.8 million for the six months ended September 30, 2023, compared to approximately HKD 193.4 million for the same period in 2022[9]. - Revenue from the security services segment rose by approximately HKD 5.0 million or 2.7% to about HKD 186.2 million, driven by a net increase of HKD 12.6 million in manpower support services[10]. - Revenue from facilities management services increased by approximately HKD 0.4 million or 3.4% to about HKD 12.6 million, primarily due to new cleaning service contracts[11]. - Revenue for the six months ended September 30, 2023, was HKD 198.8 million, a 2.3% increase from HKD 193.4 million in the same period of 2022[79]. - Other income increased to HKD 1.1 million from HKD 0.6 million, representing an increase of 75%[79]. - Revenue from general security services decreased to HKD 91,317,000 from HKD 99,059,000, a decline of approximately 7.0%[92]. - The revenue from manpower support services increased to HKD 94,840,000 from HKD 82,195,000, representing a growth of approximately 15.5%[92]. Profitability and Income - Profit and total comprehensive income for the period decreased by approximately HKD 2.1 million or 16.6% to about HKD 10.4 million, with a net profit margin declining from approximately 6.4% to 5.2%[20]. - The adjusted profit and total comprehensive income for the six months ended September 30, 2022, was approximately HKD 9.6 million, with a corresponding net profit margin of about 5.0%[20]. - The pre-tax profit for the period was HKD 12.5 million, down 15.9% from HKD 14.9 million in the previous year[79]. - Net profit attributable to the owners of the company was HKD 10.4 million, a decrease of 16.6% compared to HKD 12.5 million in the same period last year[79]. - Basic earnings per share decreased to HKD 1.30 from HKD 1.56, reflecting a decline of 16.7%[79]. - The total profit and comprehensive income for the six months ended September 30, 2023, was HKD 10,391,000, a decrease of 16.6% compared to HKD 12,462,000 for the same period in 2022[101]. Expenses and Costs - Employee benefits expenses rose by approximately HKD 21.3 million or 14.0% to about HKD 173.5 million, attributed to an increase in staff numbers following the resumption of cross-border travel between Hong Kong and mainland China[14]. - Sales and marketing expenses increased by approximately HKD 0.1 million or 20.0% to about HKD 1.0 million, primarily due to increased commissions paid to sales agents[15]. - The group reported a decrease in subcontracting costs by approximately HKD 13.2 million or 74.1% to about HKD 4.6 million, mainly due to the cessation of COVID-19 related costs[16]. - Income tax expenses decreased by approximately HKD 0.3 million or 12.7% to about HKD 2.2 million, reflecting a reduction in taxable profits[18]. Financial Position - As of September 30, 2023, the group's bank balances and cash amounted to approximately HKD 85.2 million, a decrease of about HKD 34.9 million or 29.1% from HKD 120.2 million as of March 31, 2023[21]. - The current ratio as of September 30, 2023, was approximately 4.8 times, down from 6.1 times as of March 31, 2023[21]. - Total borrowings increased from HKD 0.5 million as of March 31, 2023, to HKD 3.7 million as of September 30, 2023, resulting in a debt-to-equity ratio of 1.8%[21]. - Cash and cash equivalents at the end of the period were HKD 65,240,000, down from HKD 115,046,000, reflecting a decrease of approximately 43.3%[85]. - The company’s trade payables amounted to HKD 722,000 as of September 30, 2023, compared to zero as of March 31, 2023[105]. Shareholder Information - As of September 30, 2023, the total number of issued shares is 800,000,000[43]. - International Winsome BVI holds 560,000,000 shares, representing 70.0% of the issued share capital[48]. - The company has no stock options granted or agreed to be granted under the stock option plan as of September 30, 2023[52]. - The ownership structure indicates that all major shareholders, including Senye, Wenhua, and Cambridge, each hold 100% of their respective shares in International Winsome BVI[45]. - The company has confirmed that there are no undisclosed interests or short positions in its shares as of September 30, 2023[51]. - The company is controlled by a group of individuals who collectively hold significant interests in the shares through various entities[46]. - The shareholding structure shows that all directors and senior executives have disclosed their interests in the company[47]. - The major shareholders include individuals with spouse interests, all holding 560,000,000 shares, equating to 70.0%[48]. - The company has confirmed compliance with the Securities and Futures Ordinance regarding the disclosure of interests[46]. Corporate Governance and Compliance - The company has complied with the corporate governance code principles and provisions during the reporting period[62]. - The board of directors has been re-elected at the annual general meeting held on September 19, 2023[64]. - There are no known conflicts of interest among directors or major shareholders regarding the company's business[66]. - The company has maintained the required public float as per the listing rules as of September 30, 2023[67]. Future Plans and Investments - The group plans to expand its security services and enhance facility management capabilities to capture opportunities in the Hong Kong market[39]. - The company plans to utilize the unutilized net proceeds for purchasing machinery and equipment, IT infrastructure upgrades, and establishing a control room by March 31, 2024[56]. - The company has no major capital commitments or significant investments planned as of the report date[33]. Dividends - No interim dividend has been proposed for the six months ended September 30, 2023[58]. - The company declared dividends of HKD 12 million during the period[83]. - The company declared a final dividend of HKD 0.015 per share, totaling HKD 12,000,000 for the year ended March 31, 2023, compared to HKD 43,200,000 for the same period in 2022[99]. - The company did not recommend an interim dividend for the six months ended September 30, 2023, compared to no interim dividend for the same period in 2022[100]. Miscellaneous - The group continues to face challenges in a volatile economic environment, but demand for security services remains strong, supported by the established "IWS" brand[7]. - The company has no significant acquisitions or disposals of subsidiaries or associates during the six months ended September 30, 2023[31]. - As of September 30, 2023, the group had no significant contingent liabilities or guarantees[38]. - The group maintained a prudent treasury policy, ensuring a stable liquidity position as of September 30, 2023[28]. - No significant events related to the company's business or financial performance have been identified after September 30, 2023[69]. - The company has utilized approximately HKD 24.5 million of the net proceeds from the GEM listing as of September 30, 2023[56]. - The total net proceeds from the GEM listing amounted to approximately HKD 32.0 million, with HKD 7.5 million remaining unutilized[54]. - The company invested HKD 1,817,000 in property, plant, and equipment, compared to HKD 32,000 in the previous period, indicating increased capital expenditure[85]. - The weighted average number of ordinary shares remained at 800,000,000 for both periods under review[101]. - The board approved the financial statements for publication on November 24, 2023[110].
国际永胜集团(06663) - 2024 - 中期财报