Financial Performance - The group's revenue increased by approximately HKD 68,547,000 or 32.1% to about HKD 282,337,000 during the period, compared to approximately HKD 213,790,000 in the same period last year[7]. - Gross profit decreased by approximately HKD 4,557,000 or 10.0% to about HKD 40,799,000, with the gross profit margin dropping from 21.2% to 14.5%[9]. - The profit attributable to the company's owners decreased to approximately HKD 14,919,000 from HKD 30,953,000 in the same period last year[13]. - Total comprehensive income for the period was HKD 15,300,000, a decline of 50.5% compared to HKD 30,914,000 in 2022[79]. - Basic earnings per share for the period was HKD 1.9, down from HKD 3.9 in the same period last year[79]. - The company reported a profit before tax of HKD 18,568,000, down 48.0% from HKD 35,794,000 in the previous year[79]. - For the six months ended September 30, 2023, the company's profit attributable to owners was HKD 14,919,000, a decrease of 51.8% compared to HKD 30,953,000 for the same period in 2022[97]. Expenses and Costs - Service costs rose by approximately HKD 73,104,000 or 43.4% to about HKD 241,538,000, up from approximately HKD 168,434,000 in the previous year[8]. - Administrative expenses increased by approximately HKD 6,861,000 or 47.6% to about HKD 21,271,000, largely due to a donation of HKD 3,000,000 to the joint laboratory[11]. - Total employee costs increased to HKD 41,963,000 for the six months ended September 30, 2023, up 12.0% from HKD 37,315,000 in the previous year[94]. - The company’s depreciation expenses for property, plant, and equipment increased to HKD 2,676,000 from HKD 563,000, an increase of 376.6%[83]. - Total interest expenses rose to HKD 1,027,000 from HKD 259,000, reflecting a significant increase of 295.7%[93]. Dividends and Shareholder Returns - The board declared an interim dividend of HKD 0.007 per share, amounting to approximately HKD 5,600,000, down from HKD 12,800,000 in the previous year[14]. - The interim dividend declared for the six months ended September 30, 2023, is HKD 0.007 per share, down from HKD 0.016 per share in the same period last year, totaling HKD 5,600,000 compared to HKD 12,800,000 previously[96]. Assets and Liabilities - Property, plant, and equipment increased by approximately HKD 9,942,000 or 16.3% to about HKD 70,810,000, mainly due to the purchase of a yacht[16]. - Trade receivables and other receivables decreased by approximately HKD 25,758,000 or 20.8% from HKD 124,032,000 as of March 31, 2023, to approximately HKD 98,274,000 as of September 30, 2023[17]. - The company's total equity as of September 30, 2023, was HKD 400,026,000, an increase from HKD 397,412,000 as of March 31, 2023[81]. - Current assets decreased slightly to HKD 453,996,000 from HKD 459,451,000 as of March 31, 2023[80]. - The debt-to-equity ratio as of September 30, 2023, was approximately 14.8%, down from 15.2% as of March 31, 2023[25]. Business Development and Opportunities - The group secured 7 new projects during the period, with a total contract value of approximately HKD 232,240,000, indicating a proactive approach to business development[39]. - The Hong Kong government plans to increase land supply for at least 72,000 residential units over the next five years, which is expected to create significant opportunities for the construction and innovative technology sectors[40]. - The group is optimistic about future business development prospects, expecting to secure sufficient new projects through bidding in the second half of the fiscal year[39]. Share Incentive Plans - The group has adopted a share award scheme as of September 15, 2023, granting 10,827,000 shares to incentivize and retain qualified participants[35]. - The maximum number of shares that can be granted under the 2023 Share Award Scheme is capped at 80,000,000 shares, representing 10% of the total issued shares as of the adoption date[61]. - A total of 10,827,000 shares have been granted under the 2023 Share Award Scheme during the reporting period[65]. - The estimated fair value of the awarded shares during the period is approximately HKD 9,282,000[67]. Employee and Management Information - As of September 30, 2023, the group employed 188 employees, an increase from 182 employees as of September 30, 2022, with total employee costs amounting to approximately HKD 41,963,000, up from HKD 37,315,000 in the same period last year[35]. - The total remuneration for key management personnel was HKD 2,878,000, reflecting an increase of 3.8% from HKD 2,772,000 in 2022[119]. Risk Management - The company has no significant foreign currency risk as its monetary assets and liabilities are primarily denominated in HKD[33]. - The company did not receive any government subsidies in the current period, compared to HKD 5,617,000 in the previous year[92]. Other Significant Information - There were no significant events affecting the company after the reporting period[34]. - The company has maintained sufficient public float as required by the listing rules during the reporting period[69].
高陞集团控股(01283) - 2024 - 中期财报