Financial Performance - Revenue for the six months ended 30 September 2023 was HK$152,965,000, an increase of 18.8% compared to HK$128,790,000 in the same period of 2022[29]. - Gross profit for the period was HK$27,350,000, representing a gross margin of 17.9%, up from HK$17,182,000 in the previous year[29]. - Profit for the period attributable to equity holders was HK$5,692,000, compared to a loss of HK$29,446,000 in the same period last year[29]. - Total comprehensive loss for the period was HK$1,490,000, significantly improved from a loss of HK$29,332,000 in the prior year[30]. - Basic and diluted earnings per share for the period was HK$0.09, compared to a loss per share of HK$0.47 in the previous year[30]. - The Group's profit before tax for the period was HK$9,082,000, after accounting for unallocated corporate expenses of HK$12,991,000[76]. - Segment profit from leasing was HK$19,028,000, while property management reported a loss of HK$5,705,000, resulting in a total segment profit of HK$22,073,000[76]. - The Group's financial performance indicates a positive trend in receivables, suggesting potential growth in revenue generation[188]. Revenue Breakdown - For the six months ended September 30, 2023, total revenue was HK$75,004,000, with leasing contributing HK$45,602,000 and property management generating HK$28,724,000[76]. - Revenue from construction machinery trading increased by approximately HK$10.1 million or 280.4% to about HK$15.7 million for the period[2]. - Revenue from leasing of machinery and related services decreased to HK$45,602,000, down 25.9% from HK$61,417,000 year-over-year[87]. - Sales of machinery and spare parts increased significantly to HK$15,706,000, up 180.5% from HK$5,592,000 in the previous year[87]. - Property management services revenue was HK$28,724,000, a decrease of 16.1% from HK$34,285,000 in the prior period[87]. Expenses and Costs - Administrative expenses decreased to HK$20,385,000 from HK$39,525,000, reflecting a reduction of 48.3%[29]. - Total cost of sales and services, selling and administrative expenses amounted to HK$146,025,000, down from HK$154,309,000 in the prior year, reflecting a decrease of approximately 5.4%[117]. - The cost of machinery and equipment and spare parts sold increased to HK$20,120,000 from HK$14,274,000, representing a rise of approximately 40.5%[117]. - Staff costs, including directors' emoluments, decreased to HK$27,918,000 from HK$30,920,000, a reduction of about 9.7%[117]. - The depreciation expense for the period was HK$18,857,000, down from HK$52,415,000, reflecting a decrease of approximately 64.0%[117]. Assets and Liabilities - Total equity as of September 30, 2023, was HK$432.933 million, a slight decrease from HK$434.423 million as of March 31, 2023[22]. - Total liabilities decreased from HK$123.543 million as of March 31, 2023, to HK$112.302 million as of September 30, 2023[22]. - Current liabilities totaled HK$98.454 million as of September 30, 2023, compared to HK$97.358 million as of March 31, 2023[22]. - The ageing analysis of trade receivables shows that amounts overdue for more than 90 days increased significantly to HK$102,132,000 from HK$54,927,000, indicating a rise of approximately 85.7%[154]. - Total trade receivables as of September 30, 2023, amounted to HK$155,645,000, up from HK$128,117,000 as of March 31, 2023, representing an increase of about 22.5%[154]. Corporate Governance - The company maintained compliance with the Corporate Governance Code during the reporting period[8]. - The company has established an Audit Committee to ensure compliance with the Listing Rules and Corporate Governance Code[10]. - The company has not granted any share options under the Share Option Scheme since its adoption in January 2017[26]. Regulatory Compliance - The interim condensed consolidated financial information for the six months ended 30 September 2023 has been prepared in accordance with Hong Kong Accounting Standard 34, indicating compliance with interim financial reporting standards[43]. - The Group's financial reporting practices are aligned with the latest updates to Hong Kong Financial Reporting Standards, ensuring compliance and transparency[48]. - The Group's directors do not expect any material impact from the adoption of the new or amended HKFRSs on the consolidated financial statements, suggesting stability in financial reporting[58]. Company Changes - The company changed its name from Zhaobangji Properties Holdings Limited to Zhaobangji Lifestyle Holdings Limited effective October 26, 2023[5]. - The Company did not recommend the payment of any interim dividend for the six months ended September 30, 2023[130]. Future Outlook - Future outlook remains optimistic with ongoing evaluations of market conditions and potential expansions in operations[195].
兆邦基生活(01660) - 2024 - 中期财报