2025-11-24-港交所-高萌科技_中期报告_2025_46页_843kb

Mid-Session Report 2025 - 高萌科技集團有限公司 (KML Technology Group Limited)

Summary

Key Highlights

• Revenue: HK$71.9 million (YoY decrease of HK$8.2 million, 10.2%).
• Gross Profit: HK$12.9 million (YoY decrease of HK$0.3 million, 2.3%).
• Net Loss: HK$4.5 million (YoY decrease of HK$1.0 million, 10.6%)
• No Interim Dividend Recommended
• Management Notes:
  • Revenue declines mainly due to the completion structure of prior projects.
  • Focus on improving margins via operational efficiency and new partnerships.
  • New railway projects offer opportunities

Director Information

• New Appointments Effective 26 June 2025:
  • Mr. Lau On Kwok, Ms. Lee Kam Han joined Nomination Committee
• Interim Performance Context
  • Legacy projects (-HK$14.7 million) vs. new contracts (+HK$7.4 million)

Financial Position Highlights

• Current Assets: HK$169.3 million (Oct-Sept 2025)
• Net Current Assets: HK$118.2 million (Oct-Sept 2025)
• Bank Balances: HK$63.8 million
• No borrowing activity except via lease liabilities

Key Risk Notes:

• Highly dependent on legacy project completions for margin improvements
• Ongoing monitoring of trade receivables - Potential volatility in revenue if contracts slow between now and GEM listing updates