Financial Performance - Revenue for the six months ended March 31, 2025, was HKD 266,472,000, a decrease of 23.1% compared to HKD 346,304,000 for the same period in 2024[3] - Gross profit for the same period was HKD 28,994,000, down 14.4% from HKD 33,860,000 in 2024[3] - Profit before tax decreased to HKD 7,873,000, a decline of 45.5% from HKD 14,468,000 in the previous year[3] - Net profit for the period was HKD 6,169,000, down 34.5% compared to HKD 9,384,000 in 2024[3] - The company's revenue for the six months ended March 31, 2025, was approximately HKD 266.5 million, a decrease of HKD 79.8 million or 23.1% compared to the same period in 2024[35] - The cost of sales during the same period was approximately HKD 237.5 million, down HKD 74.8 million or 23.9% year-over-year, consistent with the revenue decline[35] - The gross profit decreased by approximately HKD 4.9 million, with a gross profit margin rising to about 10.9% compared to 9.8% in 2024[35] - Total employee costs for the six months ended March 31, 2025, were HKD 157,535,000, a decrease of 8.0% from HKD 171,258,000 in the previous year[22] - The net loss from other income and losses decreased by approximately HKD 2.4 million or 98% compared to 2024, mainly due to reduced net losses from fair value changes of financial assets[37] - Financing costs increased by approximately HKD 32,000 or 24.8% compared to 2024, attributed to a new warehouse lease[38] - The total profit and comprehensive income increased by approximately HKD 3.2 million or 34.3% compared to 2024, driven by the net effects of gross profit decline, reduced net losses from financial assets, and increased administrative expenses[39] Earnings and Dividends - Basic and diluted earnings per share were both HKD 0.009, an increase from HKD 0.006 in the previous year[4] - The company declared an interim dividend of HKD 20,004,000, compared to no dividend in the same period last year[4] - The company reported a total of HKD 20,004,030 in interim dividends for the six months ended March 31, 2025, with a declared dividend of HKD 0.03 per share[26][27] Assets and Liabilities - Total assets less current liabilities amounted to HKD 281,166,000, an increase from HKD 275,499,000 as of September 30, 2024[6] - Non-current assets decreased to HKD 7,497,000 from HKD 8,685,000 in the previous period[5] - Current assets included cash and cash equivalents of HKD 150,585,000, up from HKD 123,905,000 as of September 30, 2024[5] - Trade receivables as of March 31, 2025, amounted to HKD 35,758,000, a significant decrease of 67.6% from HKD 110,313,000 as of September 30, 2024[28] - The bank and cash balance was approximately HKD 150.6 million, an increase from HKD 135.9 million as of September 30, 2024[40] Corporate Governance - The board emphasizes accountability and transparency to shareholders, adhering to the corporate governance code as per the listing rules[52] - The audit committee reviews the accounting principles and practices adopted by the group, ensuring compliance with financial reporting matters[54] - The interim performance of the group has not been audited but has been reviewed by the audit committee[55] - The board is not aware of any significant events that require disclosure after the reporting period[57] Business Operations and Future Plans - The company operates primarily in providing electrical engineering services in Hong Kong[8] - The company plans to continue bidding for government projects, which are less affected by external market fluctuations, amid ongoing global economic instability[50] - The company is considering investing in electrical engineering projects to expand its business scope and enhance profitability, currently in the preliminary stage with no agreements signed yet[51] Share Capital - As of March 31, 2025, the company had a total issued share capital of 666,801,000 shares[40] - The average number of ordinary shares for basic earnings per share calculation was 666,801,000 for the six months ended March 31, 2025[23] Other Information - There were no purchases, sales, or redemptions of the company's listed securities during the period[56] - The interim report will be sent to shareholders and published on the company's website at an appropriate time[58]
高丰集团控股(02863) - 2025 - 中期业绩