Financial Performance - The company reported revenue of HKD 85,538,000 for the six months ended March 31, 2025, representing a 14% increase from HKD 75,075,000 in the same period of 2024[3]. - Gross profit decreased to HKD 3,695,000, down 33% from HKD 5,543,000 year-on-year[3]. - Operating loss improved to HKD 6,894,000, compared to a loss of HKD 8,268,000 in the previous year, indicating a 16.6% reduction in losses[3]. - The total comprehensive loss for the period was HKD 6,964,000, significantly lower than HKD 16,818,000 in the prior year[4]. - Basic and diluted loss per share from continuing operations was HKD 0.87, compared to HKD 1.05 in the previous year[4]. - The company reported a pre-tax loss of HKD 6,964,000 for the six months ended March 31, 2025, compared to a pre-tax loss of HKD 16,637,000 for the same period in 2024, indicating an improvement in financial performance[23]. - The group recorded a net loss of approximately HKD 8.3 million from discontinued operations for the six months ending March 31, 2024[49]. - Total losses for the periods ending March 31, 2024, and March 31, 2025, were approximately HKD 16.7 million and HKD 7.0 million, respectively[50]. Assets and Liabilities - The company's total assets decreased to HKD 54,033,000 from HKD 64,092,000 as of September 30, 2024[6]. - Current liabilities decreased to HKD 25,697,000 from HKD 28,364,000, reflecting a 9% reduction[9]. - The company's equity totalled HKD 27,738,000, down from HKD 34,702,000, indicating a decline of approximately 20%[7]. - The company’s trade receivables decreased to HKD 13,121,000 as of March 31, 2025, from HKD 16,841,000 as of September 30, 2024, reflecting a 22.5% decline[36]. - The company’s trade payables decreased to HKD 6,983,000 as of March 31, 2025, from HKD 12,595,000 as of September 30, 2024, representing a 44.5% reduction[13]. - The company’s total liabilities decreased from HKD 26,446,000 as of September 30, 2024, to HKD 24,698,000 as of March 31, 2025, indicating a 6.6% reduction in overall liabilities[13]. - As of March 31, 2025, the group’s current assets net value was approximately HKD 27.7 million, down from HKD 34.9 million as of September 30, 2024[65]. Revenue Segments - The segment revenue from general construction and related services increased significantly to HKD 23,918,000 in 2025 from HKD 13,247,000 in 2024, marking a growth of approximately 80.5%[19]. - The revenue from the health management and consulting business, which has been discontinued, was HKD 17,034,000 for the six months ended March 31, 2024[25]. - The company’s revenue from external customers in Hong Kong for the six months ended March 31, 2025, was HKD 85,538,000, up from HKD 75,075,000 in 2024, showing a growth of approximately 13.1%[26]. - The group's revenue increased from approximately HKD 75.1 million to HKD 85.5 million, representing a growth of about 13.8%[43]. Cost and Expenses - The cost of sales rose from approximately HKD 69.5 million to HKD 81.8 million, an increase of about 17.7%[44]. - The group recorded a shift from gross profit to gross loss in general construction services, with a gross margin of approximately -0.2% for the period ending March 31, 2025[46]. - Administrative and other operating expenses decreased by approximately HKD 1.5 million or 10.6% to about HKD 12.6 million for the six months ending March 31, 2025[48]. - The company’s employee benefits expenses, including directors' remuneration, were HKD 10,134,000 for the six months ended March 31, 2025, down from HKD 11,128,000 in the same period of 2024, reflecting an 8.9% decrease[5]. Corporate Governance - The company has fully complied with the corporate governance code as of March 31, 2025, ensuring accountability and transparency[86]. - The audit committee, established on September 17, 2018, is responsible for reviewing financial information, internal controls, and risk management systems[87]. - The company has adhered to the listing rules regarding the composition of the audit committee, which includes at least one independent non-executive director with appropriate professional qualifications[87]. - The company emphasizes the importance of good corporate governance practices to maintain stakeholder trust and create long-term value[86]. Future Outlook and Strategy - The group plans to enhance financial resources and human resources to prepare for bidding on suitable public sector projects[42]. - The group is focusing on prudent financial management and cost control measures in response to a challenging business environment[42]. - The group continues to manage cash prudently to maintain a strong liquidity position for future growth opportunities[72]. Stock Options - The company has a stock option plan effective for ten years starting from September 17, 2018, with approximately three years remaining as of the announcement date[85]. - As of March 31, 2025, the number of stock options available for grant under the plan is 80,000,000 shares, with no options granted, exercised, expired, or canceled in the preceding six months[85]. - The company has not issued any shares under the stock option plan in the last six months, indicating no potential dilution from this plan[85].
日赢控股(01741) - 2025 - 中期业绩