Financial Performance - The group's revenue for the six months ended December 31, 2023, was approximately HKD 176.9 million, compared to HKD 172.8 million for the same period in 2022, representing a growth of 1.3%[3] - The gross profit margin for the six months ended December 31, 2023, was approximately 21.9%, down from 24.2% in 2022[3] - The group's profit before tax for the six months ended December 31, 2023, was approximately HKD 30.0 million, slightly decreasing from HKD 30.3 million in 2022[3] - The net profit for the six months ended December 31, 2023, was approximately HKD 24.7 million, compared to HKD 24.0 million in 2022, indicating an increase of 2.9%[3] - Basic earnings per share for the six months ended December 31, 2023, were approximately HKD 0.0605, down from HKD 0.0783 in 2022, reflecting a decrease of 22.5%[3] - Total revenue for the group for the six months ended December 31, 2023, was HKD 176,917,000, compared to HKD 172,844,000 for the same period in 2022, reflecting a slight increase of 2.0%[18] - Profit before tax for the six months ended December 31, 2023, was HKD 24,675,000, up from HKD 23,956,000 in the same period of 2022[24] - Total comprehensive income increased from approximately HKD 24.0 million to approximately HKD 24.7 million, representing a growth of about 2.9%[47] Dividends and Shareholder Returns - The board of directors did not recommend the payment of an interim dividend for the six months ended December 31, 2023, consistent with the previous year[3] - The company does not plan to pay an interim dividend for the six months ended December 31, 2023, compared to zero in 2022[60] - The group did not declare or pay any dividends during the reporting periods[25] Assets and Liabilities - Total assets less current liabilities as of December 31, 2023, amounted to HKD 281.7 million, an increase from HKD 256.9 million as of June 30, 2023[7] - The group's total equity as of December 31, 2023, was approximately HKD 281.6 million, up from HKD 256.9 million as of June 30, 2023[8] - The group's cash and cash equivalents as of December 31, 2023, were approximately HKD 113.4 million, down from HKD 128.5 million as of June 30, 2023[7] - Trade payables decreased to HKD 5,338,000 as of December 31, 2023, from HKD 8,366,000 as of June 30, 2023[30] Revenue Breakdown - Revenue from passive fire engineering for the six months ended December 31, 2023, was HKD 176,812,000, a 2.6% increase from HKD 172,674,000 in the same period of 2022[18] - Revenue from passive fire information services decreased to HKD 105,000 from HKD 170,000 year-on-year[18] Costs and Expenses - Service costs rose from approximately HKD 131.0 million to approximately HKD 138.2 million, an increase of about 5.5%, attributed to rising raw material costs and subcontracting fees[40] - Gross profit decreased from approximately HKD 41.9 million to approximately HKD 38.7 million, a decline of about 7.6%, primarily due to increased service costs[41] - Administrative expenses rose from approximately HKD 5.7 million to approximately HKD 9.1 million, an increase of about 59.6%, due to higher employee and professional costs[44] - Income tax expense decreased from approximately HKD 6.4 million to approximately HKD 5.3 million, due to the absence of non-deductible listing expenses in the latter period[46] Employee and Operational Metrics - The total employee costs incurred by the group for the six months ended December 31, 2023, were approximately HKD 9.1 million, an increase from approximately HKD 7.6 million for the corresponding period in 2022[59] - The company employed 62 full-time employees as of December 31, 2023, up from 50 full-time employees as of December 31, 2022[59] Corporate Governance and Compliance - The audit committee, established on April 12, 2023, consists of three independent non-executive directors and has reviewed the interim financial results for the six months ending December 31, 2023[78] - The interim financial results for the six months ending December 31, 2023, have been approved by the audit committee and are in compliance with applicable accounting standards and regulations[78] - The company has complied with the corporate governance code as per the listing rules during the reporting period[68] Future Outlook and Plans - The passive fire protection engineering market in Hong Kong is expected to reach approximately HKD 1,247.4 million by 2026, with a compound annual growth rate of about 6.1% from 2022 to 2026[36] - The company plans to upgrade its IT systems, with expected delays in completion and delivery of hardware components[58] Miscellaneous - The company has no major capital commitments or contingent liabilities as of December 31, 2023[51] - There were no significant investments, acquisitions, or disposals of subsidiaries and associates during the six months ended December 31, 2023[52] - The company has not entered into any derivative contracts to hedge foreign exchange risks, as all revenues and transactions are settled in HKD[50] - The company has maintained the minimum public float required by the listing rules as of the announcement date[77] - There were no purchases, sales, or redemptions of the company's listed securities during the six months ending December 31, 2023[76] - The company expresses gratitude to the management team, employees, shareholders, investors, and business partners for their support and contributions[81] - The interim report for the six months ending December 31, 2023, will be sent to shareholders and made available on the company's and the stock exchange's websites[80]
怡俊集团控股(02442) - 2024 - 中期业绩