Financial Performance - The company recorded revenue of HKD 3,524,655,000 for the six months ended September 30, 2023, representing an increase of 13.4% compared to HKD 3,109,305,000 in the same period of 2022[3]. - Gross profit increased from HKD 251,278,000 to HKD 303,454,000, reflecting a growth of 20.8%[4]. - Profit for the period rose to HKD 38,007,000, up 76.0% from HKD 21,615,000 in the previous year[5]. - Basic and diluted earnings per share increased to HKD 0.0874, compared to HKD 0.0512 in 2022, marking a rise of 70.5%[6]. - Operating profit for the six months ended September 30, 2023, was HKD 77,846,000, an increase of 100.5% compared to HKD 38,891,000 in the same period last year[19]. - The group reported a profit before tax of HKD 49,173,000 for the period, with a net profit of HKD 38,007,000 after tax expenses of HKD 11,166,000[37]. - The company reported a net profit of HKD 38,267,000 for the six months ended September 30, 2023, compared to a profit of HKD 22,449,000 in the same period last year, representing a 70.4% increase[16]. Assets and Liabilities - The company's total assets as of September 30, 2023, amounted to HKD 5,019,541,000, an increase from HKD 4,850,659,000 as of March 31, 2023[12]. - Total liabilities rose to HKD 3,542,572,000 from HKD 3,346,656,000, an increase of 5.9%[15]. - The net asset value attributable to equity holders was HKD 1,479,535,000, down from HKD 1,506,309,000, representing a decrease of 1.8%[6]. - The company’s total liabilities decreased to HKD 2,056,000,000 as of September 30, 2023, from HKD 2,100,000,000 at the end of the previous year[20]. - The total amount of performance guarantees provided to customers increased to HKD 656,538,000 as of September 30, 2023, compared to HKD 448,057,000 as of March 31, 2023, reflecting a growth of about 46.5%[63]. Cash Flow and Investments - Cash and bank balances decreased to HKD 601,120,000 from HKD 742,581,000, a decline of 19.0%[12]. - Net cash used in operating activities for the six months ended September 30, 2023, was HKD 328,160,000, compared to HKD 202,974,000 in the previous year, reflecting a 61.5% increase[21]. - Cash flow from investing activities resulted in a net cash outflow of HKD 20,659,000, compared to HKD 13,995,000 in the previous year[21]. - The company repaid bank loans amounting to HKD 18,700,000 during the period, a significant reduction from HKD 253,700,000 in the previous year[21]. Segment Performance - Construction segment revenue was HKD 2,548,130,000, up 35.5% from HKD 1,879,748,000 year-on-year[35]. - The electromechanical installation segment generated revenue of HKD 914,263,000, a decrease of 22% compared to HKD 1,171,732,000 in the previous year[35]. - The construction segment's performance showed a profit of HKD 43,145,000, while the electromechanical installation segment reported a profit of HKD 10,631,000[37]. Dividends and Shareholder Information - The company declared an interim dividend of HKD 10,951,000, unchanged from the previous year[8]. - The interim dividend declared is HKD 0.025 per share, consistent with the previous year[80]. - As of September 30, 2023, Mr. Huang Yeqiang holds 267,642,599 shares, representing 61.10% of the company's equity[82]. - No major shareholders were identified holding 5% or more of the issued share capital as of September 30, 2023[86]. Corporate Governance - The company has adopted the corporate governance code as per the listing rules to enhance shareholder value[90]. - The company has complied with the listing rules, except for the separation of roles between the Chairman and the CEO[91]. - The audit committee reviewed the group's accounting principles and practices, including the unaudited interim results[88]. Future Outlook - The company plans to continue its market expansion and investment in new technologies to enhance operational efficiency and profitability[20]. - The company expects to continue its market expansion and product development strategies in the upcoming periods[40]. - The local market outlook is optimistic, with a projected supply of 172,000 public housing units over the next five years[77].
有利集团(00406) - 2024 - 中期财报