Financial Performance - For the six months ended September 30, 2024, the company recorded revenue of approximately HKD 573.2 million, an increase of about 28.8% or HKD 128.2 million compared to the same period in 2023[1]. - The net profit for the same period was approximately HKD 3.8 million, reflecting an increase of about HKD 0.4 million or 10.0% year-over-year[1]. - Basic and diluted earnings per share for the six months ended September 30, 2024, were approximately HKD 0.37, compared to HKD 0.34 for the same period in 2023[1]. - The gross profit for the six months ended September 30, 2024, was HKD 39.4 million, up from HKD 35.0 million in the same period of 2023[3]. - The company reported a total comprehensive income of HKD 3.8 million for the six months ended September 30, 2024, compared to HKD 3.4 million for the same period in 2023[3]. - The total revenue for the six months ended September 30, 2024, is HKD 573,152,000, compared to HKD 444,981,000 for the same period in 2023, representing an increase of approximately 28.9%[22]. - Profit before tax for the six months ended September 30, 2024, was HKD 3,765,000, compared to HKD 3,422,000 for the same period in 2023, reflecting an increase of 10.1%[30]. Assets and Liabilities - The total assets less current liabilities amounted to HKD 131.8 million as of September 30, 2024, compared to HKD 128.5 million as of March 31, 2024[5]. - Current assets totaled HKD 559.2 million as of September 30, 2024, an increase from HKD 508.7 million as of March 31, 2024[5]. - Current liabilities increased to HKD 498.5 million as of September 30, 2024, compared to HKD 452.4 million as of March 31, 2024[5]. - The total equity as of September 30, 2024, is HKD 130,773,000, an increase from HKD 127,008,000 as of April 1, 2024, reflecting a growth of approximately 2.2%[13]. - As of September 30, 2024, the group's total assets were approximately HKD 630.3 million, with total liabilities and equity of approximately HKD 499.5 million and HKD 130.8 million, respectively[48]. - The company's total liabilities remain unchanged at HKD 28,965,000 as of September 30, 2024, compared to April 1, 2024[13]. Cash Flow - The net cash used in operating activities for the six months ended September 30, 2024, is HKD (20,248,000), an improvement compared to HKD (32,537,000) for the same period in 2023[15]. - The net cash generated from investing activities for the six months ended September 30, 2024, is HKD 25,233,000, contrasting with HKD (56,000) for the same period in 2023[15]. - The net cash generated from financing activities for the six months ended September 30, 2024, is HKD 15,916,000, compared to HKD 13,265,000 for the same period in 2023[15]. - The cash and cash equivalents increased to HKD 63,907,000 as of September 30, 2024, from HKD 43,006,000 at the beginning of the period[15]. Revenue Breakdown - Revenue from superstructure construction services for the six months ended September 30, 2024, is HKD 573,084,000, up from HKD 435,111,000 in the same period of 2023, indicating a growth of approximately 31.8%[22]. - The revenue from RMAA (Repair, Maintenance, Alteration, and Addition) services for the six months ended September 30, 2024, is HKD 68,000, compared to HKD 8,774,000 in the same period of 2023, showing a significant decline[22]. Shareholder Information - The total number of issued shares as of September 30, 2024, was 1,013,000,000 shares[4]. - Executive Director Wu Chai Wah held 726,800,000 shares, representing approximately 72.73% of the company's equity[65]. - Major shareholder JT Glory Limited held 645,000,000 shares, accounting for approximately 63.67% of the company's equity[70]. - A total of 32,500,000 share options were granted under the share option scheme, with an exercise price of HKD 0.40 per share[83]. - The maximum number of shares that can be issued under the share option scheme is capped at 10% of the total issued shares on the listing date, which amounts to 100,000,000 shares[86]. Corporate Governance - The company has adhered to the corporate governance principles and rules as of September 30, 2024[79]. - The chairman and CEO roles are held by the same individual, which the board believes strengthens leadership during the company's rapid development phase[78]. - The audit committee consists of three independent non-executive directors, ensuring appropriate accounting and financial management expertise[98]. - The audit committee reviewed the accounting principles and practices adopted by the company and discussed internal control procedures and financial reporting matters[98]. Employee Information - As of September 30, 2024, the group employed a total of 186 employees, an increase from 172 employees as of March 31, 2024[60]. - Employee costs for the six months ended September 30, 2024, amounted to approximately HKD 51.7 million, compared to approximately HKD 44.5 million for the same period in 2023, reflecting an increase of about 16.1%[60]. Other Information - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2024[1]. - There were no significant investments or capital asset plans as of September 30, 2024[56]. - The company did not engage in any significant acquisitions or disposals of subsidiaries or associates during the six months ended September 30, 2024[57]. - There were no significant contingent liabilities as of September 30, 2024[58]. - The company held no significant investments as of September 30, 2024[62]. - There were no significant events after the reporting period[63].
正利控股(03728) - 2025 - 中期业绩