Financial Performance - The company reported a revenue of HKD 1,439,486 thousand for the six months ended September 30, 2024, a decrease of 5.2% compared to HKD 1,518,615 thousand for the same period in 2023[1]. - The operating loss for the period was HKD 1,734 thousand, compared to a loss of HKD 1,114 thousand in the previous year, indicating a deterioration in operational performance[1]. - The net profit for the period was HKD 2,168 thousand, a significant improvement from a loss of HKD 12,116 thousand in the same period last year[4]. - The total comprehensive income for the period was HKD 5,666 thousand, compared to a loss of HKD 20,006 thousand in the previous year, reflecting a positive turnaround[4]. - Basic and diluted earnings per share were HKD 0.41, compared to a loss of HKD 3.25 per share in the same period last year, indicating improved profitability[4]. - The group reported segment revenue of HKD 1,439,486,000 for the current period, with a segment profit of HKD 28,821,000[25]. - The group’s total revenue for the previous period was HKD 1,518,615,000, with a segment profit of HKD 15,963,000, indicating a decrease in revenue[28]. - The group’s pre-tax profit for the current period was HKD 4,619,000, after accounting for administrative expenses and financing costs[25]. - Revenue from external customers for the six months ended September 30, 2024, was HKD 1,198,620,000, an increase from HKD 1,119,018,000 for the same period in 2023, representing a growth of approximately 7.1%[36]. - The company reported a net profit of HKD 2,182,000 for the six months ended September 30, 2024, compared to a net loss of HKD 12,115,000 for the same period in 2023[51]. Assets and Liabilities - Non-current assets amounted to HKD 1,374,000 thousand as of September 30, 2024, compared to HKD 620,000 thousand as of March 31, 2024, showing an increase in long-term investments[6]. - Current assets increased to HKD 748,395 thousand from HKD 671,813 thousand, indicating a growth in liquidity[6]. - Total liabilities decreased to HKD 411,722 thousand from HKD 469,726 thousand, suggesting improved financial stability[6]. - The company's equity attributable to owners increased to HKD 139,947 thousand from HKD 108,295 thousand, reflecting a stronger capital position[10]. - Trade receivables as of September 30, 2024, amounted to HKD 58,496,000, down from HKD 83,631,000 as of March 31, 2024, indicating a decrease of about 30.1%[54]. - Contract assets decreased from HKD 194,090,000 as of March 31, 2024, to HKD 141,395,000 as of September 30, 2024, reflecting a decline of approximately 27.1%[41]. - Contract liabilities as of September 30, 2024, were HKD 72,681,000, an increase from HKD 41,030,000 as of March 31, 2024, indicating a rise of approximately 77.2%[41]. - The group’s cash and bank deposits totaled approximately HKD 183.5 million, an increase from HKD 150.0 million as of March 31, 2024[102]. - The group reported a significant increase in cash balance, with a net cash position of approximately HKD 183.3 million as of September 30, 2024, compared to HKD 47.7 million as of March 31, 2024[102]. - The group’s debt-to-equity ratio was approximately 27.4% as of September 30, 2024, down from 30.5% as of March 31, 2024[105]. Business Operations - The company is engaged in supply chain management and construction services, indicating ongoing operational focus and market presence[14]. - The supply chain management segment was formed by merging two businesses, aiming for a more accurate reflection of the group's strategic operations[21]. - The group has four operating segments, down from five in the previous year, which include supply chain management, building construction, renovation, and property maintenance[20]. - The supply chain management segment recorded revenue of approximately HKD 1,224.7 million, up from HKD 1,133.1 million in the previous period, with segment profit increasing from approximately HKD 3.975 million to about HKD 9.527 million[85]. - The building construction segment's revenue decreased to approximately HKD 225,000 from HKD 2.408 million in the previous period, with segment profit dropping from approximately HKD 2.388 million to about HKD 195,000[86]. - The renovation and improvement segment reported revenue of approximately HKD 19.2 million, down from HKD 60.5 million in the previous period, resulting in a segment loss of about HKD 6.7 million compared to a profit of HKD 3.9 million previously[89]. - The property maintenance segment's revenue decreased to approximately HKD 195.3 million from HKD 322.6 million in the previous period, while segment profit increased to about HKD 25.8 million from HKD 5.7 million[90]. - The company aims to establish a modern supply chain management platform for iron ore blending, ensuring stable raw material supply for steel enterprises and optimizing logistics costs[95]. - The company plans to continue exploring diversified business development opportunities in 2024, aiming to generate revenue and profit contributions from its supply chain management operations[97]. - The construction industry in Hong Kong is expected to slow down in 2024 due to decreased private market demand and tightened public spending[98]. Financing and Investments - The company completed a rights issue on April 16, 2024, raising approximately HKD 36,225,000, resulting in an increase of 171,876,373 shares issued[64]. - The acquisition of Runpeng Holdings Limited for HKD 87,000,000 was completed on September 13, 2024, aimed at expanding the supply chain management business[65]. - Runpeng generated revenue of HKD 17,472,000 and incurred a loss of HKD 86,000 during the period from acquisition to the reporting date[72]. - The fair value of identifiable assets and liabilities acquired from Runpeng included trade receivables of HKD 15,352,000 and trade payables of HKD 18,217,000[69]. - The company reported a net cash inflow of HKD 2,685,000 from the acquisition of Runpeng after accounting for cash and cash equivalents acquired[71]. - The company’s total revenue for the period would have been HKD 289,733,000 if the acquisition had been completed on April 1, 2024[72]. - Interest expenses paid to related parties amounted to HKD 13,500,000 for the six months ended September 30, 2024, compared to HKD 11,902,000 for the same period in 2023[74]. - The company has extended the maturity dates of loans provided to subsidiaries, with interest rates adjusted to 13% effective June 28, 2023[76]. Employee and Governance - As of September 30, 2024, the group employed a total of 95 employees, a decrease from 202 employees as of September 30, 2023[12]. - Total employee compensation for the period was approximately HKD 25.1 million, down from HKD 40.3 million in the previous interim period[12]. - The company provides external training courses to complement certain functions for employee development[13]. - The compensation policy is linked to performance, considering financial conditions and industry benchmarks[12]. - The company has established a reward system to attract and retain talented individuals capable of leading and managing effectively[12]. - The audit committee, consisting of three independent non-executive directors, reviewed the group's interim performance during the period[122]. - The company has adhered to all provisions of the corporate governance code during the six-month period ending September 30, 2024[115]. - There were no purchases, sales, or redemptions of the company's listed securities by the company or any of its subsidiaries during the period[120]. - The roles of the chairman and CEO are not clearly separated, with the same individual holding both positions during the reporting period[117]. Dividends - The company did not recommend any dividend for the six months ended September 30, 2024, consistent with the previous period[50]. - The company does not recommend the payment of an interim dividend for the six months ending September 30, 2024, consistent with the previous period[114].
绿色经济(01315) - 2025 - 中期业绩