2024-12-13-港交所-志道国际_2024_x2f_25_中期报告_23页_3mb

Summary of Zhidao International (Holdings) Limited 2024 Mid-Year Report

Company Background

ZhaoDao International (Holdings) Limited is a holding company incorporated in Bermuda, primarily engaged in investment activities, aluminum products trading, supplying aluminum products to construction projects, and funding loan services. Its main operations are in Hong Kong and Macau, with a focus on building projects and financial services. The report covers the six months ended September 30, 2024, and is based on unaudited financial statements.

Financial Highlights

• Revenue and Profit: Revenue decreased significantly from 186,922,000 Hong Kong dollars in 2023 to 3,269,000 Hong Kong dollars in 2024. Net亏损 was 4,424,000 Hong Kong dollars in 2024, compared to a net溢利 of 10,669,000 Hong Kong dollars in 2023. The primary reasons include reduced activity in construction projects and lower loan interest income.
• Losses by Segment: Building projectsegment showed a亏损 of approximately 1,300,000 Hong Kong dollars, while funding loan services reported a溢利 of about 1,100,000 Hong Kong dollars (a 22.2% increase).
• Cash Flow: Operating cash flow usage was -292,000 Hong Kong dollars, investment activities generated 273,000 Hong Kong dollars, and financing activities used -2,079,000 Hong Kong dollars. Cash and cash equivalents decreased to 2,329,000 Hong Kong dollars at the end of the period.
• Financial Position: Total assets were 191,370,000 Hong Kong dollars, with current assets of 275,743,000 Hong Kong dollars and liabilities of 106,699,000 Hong Kong dollars. Equity decreased from 192,859,000 Hong Kong dollars in March 2024 to 188,435,000 Hong Kong dollars in September 2024.

Business Review

• Market Performance: The company experienced a slow recovery in project bidding during the period, with no new projects in Macau as of September 2024. Key developments include resuming construction work in Hong Kong, contributing to 800,000 Hong Kong dollars in revenue for the building segment.
• Future Outlook: Management is actively seeking opportunities in Hong Kong, Macau, and potentially Indonesia. Identified potential projects in Hong Kong and Macau, totaling around 580 million Hong Kong dollars value in Hong Kong and 152 million in Macau. The company aims to leverage depreciation and repair projects for future revenue streams.

Other Information

• Dividends: No dividends recommended for the 2024 period, consistent with no recommendations in 2023.
• Foreign Exchange Risk: Minimal foreign currency exposure due to transactions primarily in Hong Kong dollars; no hedging policies in place.
• Capital Structure: Capital adequacy ratio is approximately 0.05%, similar to March 2024 levels. Employment: 10 employees during the period, with standard compensation policies.
• Governance: Adheres to listed company regulations, with an Audit Committee reviewing financial reports and internal controls.