Revenue and Profitability - The group's revenue increased by approximately 2.4% to HKD 527,000,000 for the six months ended September 30, 2024, compared to HKD 515,000,000 in the same period last year[16]. - Profit attributable to equity shareholders decreased to HKD 89,000,000, down from HKD 113,000,000 in the previous year, representing a decline of approximately 24,000,000 HKD[16]. - Revenue for the six months ended September 30, 2024, was HKD 527,309,000, an increase of 2.99% from HKD 514,760,000 in the same period last year[47]. - Profit attributable to the owners of the company for the period was HKD 151,071,000, compared to HKD 55,555,000 in the prior year, showing a substantial increase[48]. - The company reported a net profit of HKD 87,484,000, down from HKD 119,654,000, indicating a decrease in overall profitability[47]. - Total comprehensive income for the period was HKD 152,873,000, compared to HKD 53,340,000 in the previous year, reflecting strong performance despite the drop in net profit[48]. Gross Profit and Margins - The gross profit margin for the review period was 15.5%, compared to 15.1% in the first half of 2023[10]. - Gross profit for the same period was HKD 81,986,000, up from HKD 77,537,000, reflecting a gross margin improvement[47]. Expenses and Financial Management - Sales and distribution expenses rose to approximately HKD 48,000,000, up from HKD 42,000,000 in the previous year, primarily due to increased employee-related costs and transportation expenses[18]. - Other income surged to HKD 56,396,000, compared to HKD 13,881,000 in the previous year, indicating a significant increase in non-operating revenue[47]. - Administrative expenses for the review period were approximately HKD 23,000,000, up from HKD 14,000,000 in the first half of 2023, mainly due to increases in legal and professional fees as well as employee-related costs[126]. Assets and Liabilities - Total assets amounted to approximately HKD 3,125,000,000, which included liabilities of HKD 559,000,000 and total equity of HKD 2,566,000,000 as of September 30, 2024[23]. - The company's total assets less current liabilities stood at HKD 2,618,333,000, an increase from HKD 2,523,956,000 year-over-year[51]. - Non-current assets amounted to HKD 1,342,086,000, up from HKD 708,562,000, indicating growth in long-term investments[67]. - The company’s total liabilities decreased, reflecting improved financial management and operational efficiency[87]. Cash Flow and Financing - For the six months ended September 30, 2024, the operating cash flow before changes in working capital was HKD 61,551,000, compared to HKD 29,636,000 for the same period in 2023, representing a significant increase[73]. - The net cash used in investing activities was HKD (31,649,000) for the six months ended September 30, 2024, compared to HKD (46,690,000) for the same period in 2023, indicating improved cash management[73]. - The company reported a net cash inflow from financing activities of HKD 32,737,000 for the six months ended September 30, 2024, compared to a net outflow of HKD 54,189,000 in the same period last year[87]. - The company raised new bank borrowings amounting to HKD 166,552,000 during the period, a significant increase from HKD 15,666,000 in the previous year[87]. Investments and Dividends - The group recorded dividend income of approximately HKD 48,000,000 and shared profits of HKD 36,000,000 from Nantong Jianghai during the review period[6]. - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2024[25]. - The company announced a final dividend of HKD 0.05 per share for the year ending March 31, 2024, totaling HKD 47,141,000, compared to HKD 96,011,000 for the previous year[129]. Shareholder Information - As of September 30, 2024, Antrix held 570,000,000 shares, representing 60.46% of the company's issued share capital[38]. - The company repurchased a total of 11,660,000 shares during the review period, with the highest price paid being HKD 3.50 and the lowest at HKD 1.90[36]. - The company repurchased ordinary shares for a total payment of HKD 33,596,000, compared to HKD 43,962,000 in the previous period[87]. Market and Economic Outlook - The company remains confident in its long-term prospects, particularly with the recent stimulus measures in China and the U.S. Federal Reserve's announcement of its first interest rate cut in September 2024[23]. Foreign Exchange and Fair Value - The company has taken appropriate hedging measures to manage foreign exchange risks associated with its foreign currency assets and liabilities[29]. - The company experienced a foreign exchange impact of HKD 3,836,000 on cash and cash equivalents during the period[87]. - The fair value gain on financial assets recognized in profit or loss was HKD 17,211,000, compared to no such gain in the previous year[98].
亿都(国际控股)(00259) - 2025 - 中期财报