Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 110,864,000, a decrease of 12.6% compared to HKD 126,715,000 in the same period of 2022[7] - The company reported a loss before tax of HKD 1,573,000, compared to a profit of HKD 1,059,000 in the previous year[7] - The group reported a revenue of approximately HKD 75 million for the six months ended September 30, 2023, compared to HKD 2,409 million for the same period in 2022, indicating a significant decrease in revenue[24] - The group recorded a pre-tax loss of HKD 23,904 thousand for the six months ended September 30, 2023, compared to HKD 26,502 thousand in the same period of 2022, reflecting a decrease in employee costs[27] - The group recorded a net loss of approximately HKD 1.6 million for the six months ended September 30, 2023, compared to a net profit of approximately HKD 1.0 million for the same period in 2022[59] Assets and Liabilities - Total assets as of September 30, 2023, were HKD 134,747,000, slightly down from HKD 135,187,000 as of March 31, 2023[9] - Current liabilities increased to HKD 103,243,000 from HKD 98,888,000, indicating a rise in short-term financial obligations[9] - Cash and cash equivalents decreased to HKD 7,844,000 from HKD 12,636,000, reflecting a net decrease of HKD 4,792,000 during the period[11] - The company’s net asset value as of September 30, 2023, was HKD 75,220,000, down from HKD 76,793,000 at the end of the previous reporting period[9] - As of September 30, 2023, the group's total debt was approximately HKD 109.6 million, an increase from approximately HKD 102.4 million as of March 31, 2023[62] Expenses - Administrative expenses rose to HKD 15,557,000, compared to HKD 13,558,000 in the same period last year, indicating increased operational costs[7] - Financing costs increased to HKD 949 thousand for the six months ended September 30, 2023, up from HKD 723 thousand in the same period of 2022, primarily due to higher lease liabilities and bank borrowings[25] - The total employee costs for the six months ended September 30, 2023, were HKD 23,904 thousand, a decrease from HKD 26,502 thousand in the same period of 2022[27] - The company’s management noted that the increase in employee salaries and warehouse rental expenses were significant factors contributing to the net loss[51] Shareholder Information - As of September 30, 2023, Mr. Ling Zhi-hui holds 130,000,000 shares, representing approximately 16.25% of the company's equity[77] - Mr. Li Jianming owns 402,910,000 shares, accounting for approximately 50.36% of the company's equity[80] - Mr. Chen Shaohong holds 57,090,000 shares, which is approximately 7.14% of the company's equity[80] - Ms. Yang Wanwen, as the spouse of Mr. Li Jianming, is deemed to hold the same number of shares, totaling 402,910,000 shares[81] Corporate Governance - The company has adopted a standard code of conduct for directors' securities transactions, with full compliance reported for the six months ending September 30, 2023[89] - The company is committed to maintaining high standards of corporate governance, aligning with the corporate governance code as of September 30, 2023[95] - The company has established a robust internal control and risk management system, which is regularly reviewed by management[95] Future Outlook - The company has not provided specific guidance for future performance but continues to focus on its core foundation engineering services in Hong Kong[13] - The board of directors did not recommend the payment of an interim dividend for the six months ended September 30, 2023, consistent with the previous year[30] Other Information - The company did not acquire any property, plant, or equipment during the six months ended September 30, 2023, compared to approximately HKD 25,000 in the same period in 2022[34] - The company did not receive any subsidies or grants from the Hong Kong government during the reporting period, contributing to the net loss[51] - The group did not recognize any government grants during the six months ended September 30, 2023, compared to HKD 2,160 thousand in the same period of 2022[24] - The company has not identified any significant matters from September 30, 2023, to the date of the interim report[100]
凌锐控股(00784) - 2024 - 中期财报