科联系统中期报告 2025

Stock Code 股份代號: ����� CONTENTS目錄 2Corporate Information4Chairman’s Statement15Condensed Consolidated Statement of Profit or Loss17Condensed Consolidated Statement of Comprehensive Income18Condensed Consolidated Statement of Financial Position20Condensed Consolidated Statement of Changes in Equity22Condensed Consolidated Statement of Cash Flows25Notes to Financial Statements71Other Information Corporate Information公司資料 EXECUTIVE DIRECTORS Ng Cheung Shing(Chairman)Cheung Wai LamLeung King San SunnyNg Kwok Keung INDEPENDENT NON-EXECUTIVE DIRECTORS Chan Yuen Shan ClaraPoon Siu Hoi CaseyTing Leung Huel Stephen COMPANY SECRETARY Ng Kwok Keung AUDITORS 97927 Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor27/F, One Taikoo Place979 King’s RoadQuarry BayHong Kong PRINCIPAL BANKER 1 The Hongkong and Shanghai Banking Corporation Limited1 Queen’s Road CentralCentralHong Kong REGISTRATION OFFICE Clarendon House2 Church StreetHamilton HM11Bermuda Clarendon House2 Church StreetHamilton HM11Bermuda HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS 3618 18thFloor, Viva PlaceNo. 36 Heung Yip RoadWong Chuk HangHong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE Codan Services LimitedClarendon House2 Church StreetHamilton HM11Bermuda Codan Services LimitedClarendon House2 Church StreetHamilton HM11Bermuda HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong www.ctil.com WEBSITE www.ctil.com 二零二五年中期報告 | 科聯系統集團有限公司 Chairman’s Statement主席報告 Dear Shareholders, OVERVIEW On behalf of the Board of Directors (the “Board”) of Computer AndTechnologies Holdings Limited (the “Company”), I am pleased to presentthe unaudited interim results of the Company and its subsidiaries(collectively the “Group”) for the six months ended 30 June 2025. Amid a challenging economic environment, the Group recordedtotal revenue after the cost of goods and services procured fromthird parties (“Net revenue after direct third-party costs”) of HK$108.0million, reflecting a slight decline of 1.7% from HK$109.8 million in thecorresponding period last year. Meanwhile, the gross profit marginincreased to 56.7% (2024: 54.1%). 1.0801.0981.7%56.7%54.1% As highlighted in the Group’s 2024 annual results, sustained businessmomentum required cost-efficient operations and a focused go-to-market strategy. The results reflected the successful execution ofstreamlined processes, which effectively reduced staff costs and selling,general and administrative expenses. Additionally, the Group expandedits software development capabilities in Mainland China’s GreaterBay Area, accelerating product innovation and enhancing projectdelivery efficiency. Consequently, profit from operations rose by 23.3%to HK$17.7 million (2024: HK$14.4 million), with the operating profitmargin, calculated by operating profit divided by revenue, improving to14.7% from 11.3% in 2024. 23.3%1,7701,44011.3%14.7% 13.2%630720200100 However, lower bank interest rates led to a 13.2% decrease in otherincome and gains, which totalled HK$6.3 million (2024: HK$7.2 million).Furthermore, a valuation loss of HK$2.0 million was recorded on theGroup’s investment property (2024: HK$1.0 million), reflecting subduedmarket conditions. 2.4%1,8601,8207.667.46 Despite the challenging market landscape, consolidated net profitattributable to shareholders rose modestly by 2.4% to HK$18.6 million(2024: HK$18.2 million). Basic earnings per share increased to 7.66 HKcents, up from 7.46 HK cents in 2024. 5.55.5 Supported by strong operating cash flows and a consistently robustfinancial position, the Board has declared an interim dividend of 5.5 HKcents per ordinary share for the six months ended 30 June 2025, which isconsistent with the 5.5 HK cents paid in the prior period. BUSINESS REVIEW Application Software [1] Unfavorable macroeconomic conditions caused enterprise customersto reduce headcounts and slow down investments in enterprisemanagement software. As a result, the Group’s Application Software[1]segment experienced a decline in overall revenue during the reportingperiod. Nevertheless, the segment demonstrated resilience bysustaining a growing stream of recurring revenue from Software asa Services (“SaaS”) subscriptions. Through operational efficienciesand disciplined cost management, the Group effectively preservedsegment’s profitability, showcasing robust execution and adaptabilityamid revenue pressures. The Group’s Human Resource Management Software (“HRMS”) businessin Hong Kong and Mainland China faced ongoing challenges due tomarket softness. Following the launch of Pi HCM, a cloud-native HumanCapital Management (“HCM”) software that received positive marketfeedback, the Group secured several contracts from new customers,including one of the largest cleaning services groups in Hong Kong, aprominent statutory body under the Hong Kong SAR government (the“G