香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因倚賴該等內容 而引致之任何損失承擔任何責任。 BUILD KING HOLDINGS LIMITED （利基控股有限公司）* 截至二零二五年六月三十日止六個月 中期業績公佈 財務表現摘要 每股權益**增加百分比 1% 權益 2,678,000,000港元 每股權益 2.16港元 集團收入 6,900,000,000港元 本公司擁有人應佔溢利 179,000,000港元 每股中期股息 4港仙 ** 權益指本公司擁有人應佔權益 * 僅供識別 – 1 – 業績 利基控股有限公司（「本公司」）董事會（「董事會」）宣佈本公司及其附屬公司（「本集 團」）截至二零二五年六月三十日止六個月之未經審核中期業績，連同去年同期之比 較數字如下： （於百慕達註冊成立之有限公司） （股份代號：00240） 簡明綜合損益表 簡明綜合損益及其他全面收益表 | | | 於二零二五年 | 於二零二四年 | | --- | --- | --- | --- | | | 附註 | 六月三十 ...

承董事會命 利基控股有限公司 公司秘書 陳志明 香港，二零二五年八月十三日 於本公佈日期，董事會成員包括四名執行董事單偉彪先生、呂友進先生、徐偉添先生 及陳志明先生，三名非執行董事 David Howard Gem 先生、陳志鴻先生及張錦泉先生， 以及四名獨立非執行董事何大衞先生、林李靜文女士、盧耀楨先生及吳芍希女士。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 BUILD KING HOLDINGS LIMITED （利 基 控 股 有 限 公 司）* （於百慕達註冊成立之有限公司） (股份代號：00240) 董事會會議召開日期 利基控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於 二零二五年八月二十六日（星期二）舉行董事會會議，籍以（其中包括）批 准本公司及其附屬公司截至二零二五年六月三十日止六個月之中期業績及考 慮派發中期股息（如有）。 * 僅供識別 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 本月底法定/註冊股本總額： HKD 170,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 | | | 致：香港交易及結算所有限公司 公司名稱: 利基控股有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00240 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,700,000,000 | HKD | | 0.1 | HKD | | 170,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,700,000,000 | HKD | | 0. ...

Core Viewpoint - As of July 18, 160 stocks reached their 52-week highs, with notable performances from China New Economy Investment (00080), Aoyuan Group Equity (02905), and Zhong An Holdings Group (08462) showing high growth rates of 288.89%, 55.28%, and 50.00% respectively [1][2]. Summary by Category 52-Week High Performers - China New Economy Investment (00080) closed at 0.440, with a peak price of 0.700, achieving a growth rate of 288.89% [2]. - Aoyuan Group Equity (02905) closed at 0.218, with a peak price of 0.250, achieving a growth rate of 55.28% [2]. - Zhong An Holdings Group (08462) closed at 0.221, with a peak price of 0.228, achieving a growth rate of 50.00% [2]. - Other notable performers include Hualian International (00969) with a growth rate of 40.13% and Zhongke Bio (01237) with a growth rate of 37.25% [2]. Additional High Performers - Wanma Holdings (06928) closed at 0.550 with a growth rate of 30.43% [2]. - Lepu Biopharma-B (02157) closed at 7.940 with a growth rate of 24.54% [2]. - Other stocks with significant growth include ZhiJianYueDong (06860) at 17.14% and China Jindian Group (08281) at 17.12% [2]. 52-Week Low Performers - The document also lists stocks that reached their 52-week lows, with XI Ernan CO-U (09311) showing a decline of 16.10% [6]. - Other notable declines include XI Ernan CO (07311) at -12.62% and Haotian International Construction Investment (01341) at -5.70% [6].

Financial Performance - The group's revenue for 2024 was HKD 14.37 billion, an increase of 15% compared to 2023[4] - Profit attributable to the company's owners was HKD 434 million, a slight decrease from HKD 467 million in the previous year[4] - The company's revenue increased by 15% to HKD 14.4 billion for the year ending December 31, 2024, compared to HKD 12.5 billion in 2023[23] - Gross profit decreased to HKD 1.2 billion, with a gross margin of 8.0%, down from 10.4% in the previous year[23] - Shareholders' profit attributable to the company was HKD 434 million, a decrease from HKD 474 million in the previous year[23] Project Contracts and Backlog - The group has secured new project contracts worth HKD 10.8 billion, with a total backlog of HKD 31.6 billion, equivalent to just over two years of work[4] - The total construction contract revenue in Hong Kong was HKD 14.2 billion, up from HKD 12.3 billion in 2023[25] - The total existing contracts amount to HKD 31.6 billion, providing significant revenue assurance for the next two years[25] Industry Challenges - The construction industry, which constitutes 99% of the group's revenue, is facing a challenging environment with a potential 25% to 30% reduction in construction projects due to decreased private development[4] - The company anticipates that the construction industry will face challenges in the next two to three years due to market volatility[17] Employee and Workforce - Employee count increased from 3,601 in 2023 to 3,784 by the end of 2024, reflecting the growth in project workload[11] - The total payroll for the year ending December 31, 2024, was approximately HKD 1.825 billion, with 3,784 employees[30] - The gender distribution among employees is 77% male and 23% female[187] - The employee turnover rate is 23.7%, with 76.3% of the turnover attributed to male employees[188] Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.075 per share and a special dividend of HKD 0.060 per share for the fiscal year ending December 31, 2024[3] - The total dividend distribution for the year amounts to HKD 0.165 per share, including an interim dividend of HKD 0.030 per share paid on September 26, 2024[53] - The proposed dividends are subject to approval at the upcoming annual general meeting scheduled for May 21, 2025[54] Governance and Management - The company has adhered to the corporate governance code throughout 2024, except for the separation of roles between the chairman and CEO[94] - The board consists of eleven members, including four executive directors, three non-executive directors, and four independent non-executive directors[103] - The board has established a dividend policy aimed at providing stable and sustainable returns to shareholders, considering financial status and future expansion plans[164] Risk Management and Internal Controls - The board is committed to maintaining an effective risk management and internal control system to safeguard the company's assets and shareholders' interests, with annual assessments conducted[141] - The internal audit team conducted a systematic review of the group's risk management and internal control systems, providing reasonable assurance of their effectiveness[145] Environmental and Social Responsibility - The company emphasizes the importance of sustainable development in all business operations to create a better future for employees, the environment, and the community[172] - The group has been recognized for its environmental initiatives, receiving the Gold Award for Outstanding Environmental Management in Project Management[152] - The group has committed to continuous improvement in quality assurance, occupational safety, and environmental performance, aiming to inspire employees and subcontractors[155] Awards and Recognition - The group received multiple awards in the current year, including two Silver Awards and seven Merit Awards in the Hong Kong Construction Safety Awards[147] - The group has been awarded the Contractor of the Year (Grand Award) and NEC Contractor of the Year (Grand Award) for its outstanding performance in the construction industry[156] Employee Development and Welfare - The company has implemented various training programs, with an average training hour of 9.6 for ordinary employees, 4.77 for supervisory staff, and 5.18 for management[199] - The company has committed to providing group medical benefits to all eligible employees and their families in 2024, demonstrating its dedication to employee welfare[195] - A total of 61 employees participated in the "Talent Development Program" aimed at nurturing potential junior managers in 2024[196]

Financial Performance - The total revenue for Build King Holdings Limited for the year ended December 31, 2024, was HKD 14,369 million, an increase from HKD 12,507 million in 2023, representing a growth of approximately 14.9%[3] - The net profit attributable to the owners of the company for the year was HKD 434 million, down from HKD 473 million in the previous year, indicating a decrease of about 8.2%[3] - The earnings per share (EPS) for the year was HKD 0.349, compared to HKD 0.381 in 2023, reflecting a decline of approximately 8.4%[3] - The total comprehensive income for the year was HKD 416 million, compared to HKD 456 million in 2023, a decrease of about 8.8%[4] - The gross profit margin for the year was approximately 8.0%, down from 10.4% in 2023, indicating a decline in profitability[3] - The segment profit for Hong Kong was HKD 581,051 thousand in 2024, down from HKD 816,439 thousand in 2023, indicating a decline of about 28.8%[21][23] - The segment profit for China showed a loss of HKD 16,880 thousand in 2024, compared to a loss of HKD 15,364 thousand in 2023, reflecting a worsening performance[21][23] - The total segment profit for the group in 2024 was HKD 564,171 thousand, down from HKD 801,075 thousand in 2023, marking a decrease of approximately 29.5%[21][23] - The group reported a pre-tax profit of HKD 496,677 thousand for 2024, compared to HKD 641,000 thousand in 2023, a decline of about 22.6%[21][23] Dividends and Shareholder Returns - The company declared a final dividend of HKD 0.075 and a special dividend of HKD 0.060 per share[2] - Total dividends declared for 2024 amounted to HKD 136,606, a decrease of 24.19% from HKD 180,072 in 2023[31] - The company plans to propose a final dividend of HKD 7.5 per share and a special dividend of HKD 6.0 per share, pending shareholder approval[31] Assets and Liabilities - The company's non-current assets decreased to HKD 1,132 million from HKD 1,692 million in 2023, a decline of approximately 33.1%[6] - Current liabilities increased to HKD 5,757 million from HKD 5,500 million in 2023, representing an increase of about 4.7%[7] - The net current assets increased to HKD 1,586 million from HKD 1,125 million in 2023, reflecting an increase of approximately 41.0%[7] - As of December 31, 2024, the group's current assets amounted to HKD 1,992,000,000, an increase from HKD 1,390,000,000 as of December 31, 2023[53] - The group has total interest-bearing borrowings of HKD 99,000,000 as of December 31, 2024, down from HKD 238,000,000 as of December 31, 2023[53] - The total equity of the group as of December 31, 2024, was HKD 2,675,000,000, compared to HKD 2,402,000,000 as of December 31, 2023, reflecting a growth of approximately 11.4%[55] - The capital debt ratio as of December 31, 2024, was 4%, a decrease from 10% as of December 31, 2023[55] Income and Expenses - The group’s total investment income for 2024 was HKD 984 thousand, a decrease from HKD 4,306 thousand in 2023, indicating a decline of about 77.2%[21][23] - Financial costs decreased to HKD 16,491 in 2024 from HKD 27,459 in 2023, a reduction of 40.00%[28] - The income tax expense for 2024 was HKD 67,652, down from HKD 173,551 in 2023, reflecting a decrease of 61.00%[29] - The tax expense for the year decreased to HKD 68 million, down from HKD 174 million in the previous year[43] Operational Highlights - The group’s construction contract revenue for 2024 was HKD 14,153,310 thousand, up from HKD 12,290,182 thousand in 2023, an increase of approximately 15.2%[20][23] - The total income from construction contracts in Hong Kong was HKD 14.2 billion, up from HKD 12.3 billion in 2023[45] - The total contract amount as of the reporting date was HKD 31.6 billion, providing significant revenue assurance for the next two years[45] - Income from domestic environmental infrastructure projects was HKD 215 million, slightly down from HKD 217 million in 2023[46] - The output capacity of the four steam supply plants increased by 11% from an average of 81 tons per hour in 2023 to 90 tons per hour in 2024[46] Legal and Compliance - The group has recognized a full provision for the recoverability of a deposit of RMB 34,000,000 due to ongoing legal disputes with a heating contractor[52] - The group is seeking compensation of RMB 50,000,000 from the local government for the value of assets transferred in 2021 related to a joint venture[52] Employee and Remuneration - The total remuneration for the group’s 3,784 employees for the year ending December 31, 2024, was approximately HKD 1,825,000,000[52] Accounting Standards - The group expects that the application of new accounting standards will not have a significant impact on its financial position and performance[17] - The group is currently assessing the detailed impact of the new Hong Kong Financial Reporting Standards on its consolidated financial statements[18] - The new accounting standards are set to take effect from January 1, 2026, and January 1, 2027, respectively, with early application permitted[17][18]

Financial Performance - The group recorded revenue of HKD 6,500,000,000 for the six months ended June 30, 2024, an increase of 8% compared to HKD 6,000,000,000 in the same period last year[33]. - Profit attributable to the company's owners decreased by 41% to HKD 148,000,000 from HKD 250,000,000 in the previous year, primarily due to a reduction in gross profit[33]. - The group’s construction contract revenue totaled HKD 6,400,000,000, up from HKD 5,900,000,000 in the previous year, with a decrease in segment profit to HKD 207,000,000 from HKD 452,000,000[34]. - Service revenue for the six months ended June 30, 2024, was HKD 6,472,335 thousand, an increase of 8.3% from HKD 5,973,534 thousand in the same period of 2023[61]. - Gross profit for the same period was HKD 527,328 thousand, down 22.1% from HKD 677,305 thousand year-on-year[61]. - Profit before tax for the six months was HKD 167,888 thousand, a decrease of 49.1% compared to HKD 329,486 thousand in the previous year[61]. - Net profit for the period was HKD 145,635 thousand, down 41.0% from HKD 246,959 thousand in the same period of 2023[61]. - Total comprehensive income for the period was HKD 136,308 thousand, down 40.5% from HKD 228,889 thousand in the same period of 2023[62]. Dividends and Shareholder Information - The group declared an interim dividend of HKD 0.03 per share, down from HKD 0.04 per share in the previous year[32]. - The board declared an interim dividend of HKD 0.03 per share for the six months ended June 30, 2024, compared to HKD 0.04 per share for the same period last year[43]. - The total number of shares held by the major shareholder, Top Horizon Holdings Limited, was 724,435,033, representing a 58.33% stake in the company[49]. Assets and Liabilities - As of June 30, 2024, total assets amounted to HKD 6,848,292 thousand, an increase from HKD 6,625,288 thousand as of December 31, 2023, reflecting a growth of approximately 3.4%[63]. - Non-current assets decreased to HKD 885,039 thousand from HKD 1,692,454 thousand, representing a decline of about 47.8%[63]. - Current liabilities decreased to HKD 5,225,107 thousand from HKD 5,500,139 thousand, a reduction of approximately 5%[63]. - The total liabilities decreased to HKD 2,508,224 thousand from HKD 2,817,603 thousand, a decrease of about 10.9%[64]. - The company's inventory decreased to HKD 450,893 thousand from HKD 480,705 thousand, reflecting a reduction of approximately 6.2%[63]. - The group’s cash flow management includes internal credit ratings for construction contracts to mitigate credit risk[94]. Cash Flow and Financing Activities - Cash and cash equivalents amounted to HKD 1,131 million as of June 30, 2024, down from HKD 1,300 million as of December 31, 2023[39]. - The net cash generated from operating activities for the six months ended June 30, 2024, was HKD 33,068 thousand, a significant improvement from a net cash used of HKD (35,882) thousand in the same period of 2023[67]. - The net cash used in investing activities was HKD (19,014) thousand, a significant reduction from HKD (655,922) thousand in the same period of 2023[67]. - The company reported a decrease in total cash outflows for financing activities to HKD (185,560) thousand from HKD (109,058) thousand in the previous year[67]. - The company raised new bank loans amounting to HKD 100,057 thousand during the financing activities, compared to HKD 129,580 thousand in the previous year[67]. Employee and Operational Metrics - As of June 30, 2024, the group had 3,693 employees, an increase from 3,601 employees as of December 31, 2023, with total employee costs amounting to HKD 939 million, up from HKD 832 million in the previous year[38]. - The average steam supply from the group’s four operational steam plants increased by 15% to 91 tons per hour from 79 tons per hour in the previous year[35]. Investments and Acquisitions - The group acquired 20% of RTL's issued shares for HKD 15.7 million and a shareholder loan of HKD 800 million, totaling HKD 800.0157 million[90]. - The company acquired 100% equity of Tian En Investment Limited and Real Best Development Limited for approximately HKD 136,532,000 and HKD 232,485,000 respectively, with both acquisitions recorded as asset purchases[111]. - The cash consideration paid for the acquisitions of Tian En Group and Real Best Group was HKD 13,653,000 and HKD 23,248,000 respectively[114]. Legal and Compliance Matters - The group expects to incur a loss of HKD 36,000,000 related to the termination of a land sharing project agreement in Hong Kong[36]. - The company has complied with the corporate governance code except for the separation of roles between the Chairman and the CEO[51]. - The audit committee reviewed the accounting policies and the unaudited interim financial information for the six months ended June 30, 2024[54].

Financial Performance - The group reported a revenue of HKD 6,472,335,000 for the six months ended June 30, 2024, representing an increase from HKD 5,973,534,000 in the same period last year, which is a growth of approximately 8.4%[2] - The gross profit for the period was HKD 527,328,000, down from HKD 677,305,000 in the previous year, indicating a decrease of about 22.1%[2] - The profit attributable to the owners of the company was HKD 148,198,000, a decline from HKD 250,252,000 year-on-year, reflecting a decrease of approximately 40.7%[2] - Basic earnings per share decreased to HKD 11.9 from HKD 20.2, representing a decline of about 41.1%[2] - The total comprehensive income for the period was HKD 136,308,000, down from HKD 228,889,000 in the previous year, a decrease of approximately 40.4%[3] - The pre-tax profit for the six months ended June 30, 2024, was HKD 167,888, compared to HKD 329,486 for the same period in 2023, showing a decline of approximately 49%[17] - Investment and other income for the six months ended June 30, 2024, was HKD 10,930, compared to HKD 13,684 for the same period in 2023, indicating a decrease of approximately 20%[15] - The financial costs for the six months ended June 30, 2024, were HKD 11,908, down from HKD 15,386 in the same period of 2023, reflecting a reduction of about 22.5%[16] - The income tax expense for the six months ended June 30, 2024, was HKD 22,253, significantly lower than HKD 82,527 for the same period in 2023, a decrease of about 73%[18] Assets and Liabilities - Non-current assets amounted to HKD 885,039,000 as of June 30, 2024, a significant decrease from HKD 1,692,454,000 at the end of the previous year[4] - Current liabilities decreased to HKD 5,225,107,000 from HKD 5,500,139,000, indicating a reduction of about 5%[6] - The total equity attributable to the owners of the company increased to HKD 2,416,867,000 from HKD 2,376,470,000, reflecting a growth of approximately 1.7%[6] - The group’s cash and cash equivalents stood at HKD 1,131,248,000, down from HKD 1,299,649,000, indicating a decrease of about 13%[4] - Trade receivables as of June 30, 2024, amounted to HKD 529,696, down 12.4% from HKD 604,478 at the end of 2023[25] - Contract assets as of June 30, 2024, were HKD 3,450,491, a decrease of 5.7% from HKD 3,658,732 at the end of 2023[27] - Trade payables as of June 30, 2024, totaled HKD 285,838, a decrease of 32.2% from HKD 421,512 at the end of 2023[30] - The total interest-bearing borrowings decreased to HKD 178,000,000 from HKD 238,000,000, representing a reduction of 25.3%[40] - The total equity as of June 30, 2024, was HKD 2,439,000,000, up from HKD 2,402,000,000, reflecting a growth of 1.5%[42] - The capital debt ratio decreased to 7% from 10% as of December 31, 2023, indicating improved financial stability[42] Dividends - The company declared an interim dividend of HKD 0.03 per share[2] - The interim dividend declared on August 22, 2024, is HKD 0.03 per share, totaling approximately HKD 37,256,000, down from HKD 49,675,000 in the same period last year[22] - The interim dividend for the year ended December 31, 2023, was approved at HKD 0.08 per share, totaling approximately HKD 99,000,000[42] Operational Highlights - The segment profit for Hong Kong was HKD 206,636, while the segment loss for China was HKD 13,906, resulting in a total segment profit of HKD 192,730 for the six months ended June 30, 2024[12] - The company’s total segment revenue from construction contracts was HKD 6,363,753 for Hong Kong and HKD 108,582 for China, contributing to the overall revenue growth[10][12] - The company reported an increase in unbilled revenue from construction contracts, totaling HKD 2,621,307 as of June 30, 2024[27] - The company achieved new construction contract values of approximately HKD 8,200,000,000 since the beginning of the year[34] - The average steam supply from the company's four operational steam plants increased by 15% to 91 tons per hour, compared to 79 tons per hour in the previous year[36] Employee and Costs - Employee costs totaled HKD 939,000,000 for the period, compared to HKD 832,000,000 in the previous year, with the workforce increasing to 3,693 employees[39] Other Financial Matters - The company recognized a loss of HKD 42,730 from other losses for the six months ended June 30, 2024, compared to no losses reported in the same period of 2023[15] - The company expects to incur a loss of HKD 36,000,000 related to the termination of a land-sharing transaction in Hong Kong[37] - The fair value of a financial asset related to a joint venture project in Shenzhen was estimated at HKD 772,000,000, with a fair value gain of HKD 37,000,000 recorded for the period[38] - The company has made full provisions for the recoverability of a deposit of RMB 34,000,000 related to a terminated joint venture in Texas, reflecting ongoing legal proceedings[38] - As of June 30, 2024, the group's liquid assets amounted to HKD 1,950,000,000, an increase of 40.3% from HKD 1,390,000,000 on December 31, 2023[40] - The group has pledged bank deposits of HKD 82,000,000 to secure bank financing, an increase from HKD 70,000,000 as of December 31, 2023[43] - The group did not engage in any securities transactions involving the purchase, sale, or redemption of its listed securities during the six months ended June 30, 2024[47] - The company has adhered to the corporate governance code as per the listing rules, except for the separation of roles between the chairman and CEO[44]

Financial Performance - The group's revenue for 2023 was HKD 12.5 billion, a slight increase of approximately 1% compared to 2022, with profit rising from HKD 429 million to HKD 467 million due to successful project progress[1] - The company's revenue for the year ended December 31, 2023, was HKD 12.5 billion, slightly up from HKD 12.4 billion in 2022[36] - Total revenue from construction contracts amounted to HKD 12,300,000,000 for the year ending December 31, 2023, slightly up from HKD 12,200,000,000 in 2022[50] - The total revenue for the group was HKD 12.507 billion, with a profit attributable to shareholders of HKD 474 million[122] - The civil engineering segment generated a turnover of HKD 7.7 billion, representing an approximate 3% increase from 2022, with a gross profit of HKD 1.051 billion[123] Project Development - The group secured new engineering projects worth HKD 10.5 billion since the last report, with a total of HKD 28.6 billion in unfinished projects, indicating over two years of work ahead[1] - New civil engineering projects totaled HKD 4 billion in 2023, showing improvement from 2022 but still insufficient, with expectations for a busy bidding environment in 2024[4] - The group has 33 ongoing civil engineering projects, with most operating normally, while a few face challenges that are being addressed[123] Profitability and Losses - The group experienced a loss of HKD 300 million in revenue and profit due to a negative change in the Construction Price Factor (CPF), which had previously increased by about 2% annually but turned negative in 2023[1] - The group incurred an investment loss of HKD 123 million due to changes in fair value, indicating a significantly poorer performance in investments compared to engineering[2] - The CPF index is expected to continue declining, which will significantly impact the company's profits in the short term[17] - Gross profit increased to HKD 1.3 billion from HKD 1 billion year-on-year, attributed to profits from a civil engineering project[36] - Net profit attributable to shareholders rose to HKD 474 million, compared to HKD 434 million in the previous year, driven by a gross profit increase of HKD 326 million[36] Employee and Operational Changes - The number of employees increased from 3,390 in 2022 to 3,601 in 2023, with over 180 non-local employees hired to address high operational costs in Hong Kong[18] - Employee compensation increased to HKD 1,706,000,000 for the year ending December 31, 2023, up from HKD 1,560,000,000 in 2022, reflecting increased administrative expenses[44] - The group recorded an increase in administrative expenses of HKD 108 million and a fair value loss on financial assets of HKD 67 million[36] Investment and Financial Position - The group invested HKD 800 million in a property project in Shenzhen, facing a provision for a loss of HKD 65 million due to market downturns and currency depreciation[16] - As of December 31, 2023, the group had interest-bearing borrowings totaling HKD 238 million, a decrease of 24% from HKD 313 million as of December 31, 2022[66] - The total equity as of December 31, 2023, was HKD 2,402 million, up 13% from HKD 2,126 million as of December 31, 2022[66] - The capital debt ratio as of December 31, 2023, was 10%, down from 15% as of December 31, 2022[66] Corporate Governance and Board Structure - The company’s board consists of 11 directors, including 5 executive directors, 2 non-executive directors, and 4 independent non-executive directors[167] - The board aims to maintain at least 20% female representation among its members, with current female members accounting for nearly one-fifth of the board[194] - The company has implemented a board diversity policy to ensure a balanced mix of skills and experiences, considering factors such as gender, age, and cultural background[192] - The audit committee, consisting of four independent non-executive directors, is responsible for reviewing financial statements and overseeing risk management and internal controls[195][196] Future Outlook and Strategic Plans - The company expects a reasonable profit in 2024, although it may be lower than in 2023 due to a more challenging operating environment[30] - The company estimates that the local construction industry will continue to thrive over the next seven to eight years, although maintaining current profit levels is uncertain[30] - The company is exploring new strategies for market expansion and product development in response to evolving industry demands[82] - The group plans to reduce unnecessary regulatory personnel through the effective implementation of CDE, enhancing operational efficiency[132] Dividend and Shareholder Returns - The company plans to distribute approximately 30% of its profits as dividends, proposing a final dividend of HKD 0.08 per share[31] - The proposed final dividend is HKD 0.08 per share, totaling HKD 0.12 per share for the year, down from HKD 0.105 in 2022[117]

Financial Performance - The group's revenue for the year ended December 31, 2023, was HKD 12,500,000,000, slightly up from HKD 12,400,000,000 in 2022, indicating a growth of approximately 0.8%[10] - Gross profit increased to HKD 1,300,000,000 for the year ended December 31, 2023, compared to HKD 1,000,000,000 in the previous year, reflecting a growth of 30%[12] - Shareholders' profit attributable to the company was HKD 474,000,000, up from HKD 434,000,000 in 2022, representing an increase of about 9.2%[12] - The company's total revenue for the year ended December 31, 2023, was HKD 12,507,000,000, representing an increase from the previous year's revenue[33] - Profit attributable to the company's owners for the year was HKD 474,000,000, compared to HKD 434,327,000 in 2022, reflecting a growth of approximately 9.1%[33][23] - The basic earnings per share for the year was HKD 0.38, up from HKD 0.35 in the previous year[23] - Net profit for the year was HKD 467,449, a rise of 8.9% from HKD 429,166 in 2022[38] - Basic earnings per share increased to HKD 38.1, up from HKD 35.0 in the previous year, reflecting a growth of 8.9%[36] - Profit before tax increased to HKD 641,000, representing a growth of 16.3% compared to HKD 551,470 in 2022[36] Revenue Sources - Total construction contract revenue for the year was HKD 12,300,000,000, up from HKD 12,200,000,000 in 2022, showing a growth of approximately 0.8%[16] - Revenue from domestic environmental infrastructure projects reached HKD 217,000,000, up from HKD 202,000,000 in 2022, with a reduction in segment loss to HKD 15,000,000 from HKD 24,000,000[27] - Revenue from construction contracts in Hong Kong was HKD 12,290,182,000, compared to HKD 12,220,379,000 in the previous year, showing an increase of about 0.57%[62] - The company reported operational revenue from sewage treatment plants in China amounting to HKD 51,333,000, a slight decrease from HKD 51,819,000 in the previous year[62] - Steam fuel plant operations generated revenue of HKD 161,171,000 in China, up from HKD 127,939,000, indicating a significant increase of approximately 26%[62] Expenses and Losses - Employee compensation rose to HKD 1,706,000,000 in 2023 from HKD 1,560,000,000 in 2022, reflecting an increase of approximately 9.3%[13] - The fair value loss on financial assets was HKD 123,000,000 in 2023, compared to HKD 56,000,000 in 2022, indicating a significant increase in losses[13] - Tax expenses increased to HKD 174,000,000 in 2023 from HKD 122,000,000 in 2022, marking an increase of about 42.6%[14] Dividends - The proposed final dividend is HKD 0.08 per share, down from HKD 0.105 per share in 2022, with a total annual dividend of HKD 0.12 per share[8] - The company proposed a final dividend of HKD 0.08 per share, totaling approximately HKD 99,350,000, subject to shareholder approval[22] - The company declared a final dividend of HKD 10.5 cents per share for the year 2022, totaling HKD 130,397, and an interim dividend of HKD 4.0 cents per share for 2023, totaling HKD 49,675[73] Assets and Liabilities - Total assets as of December 31, 2023, amounted to HKD 6,625,288, compared to HKD 6,305,431 in 2022, indicating an increase of 5.1%[40] - Current liabilities rose to HKD 5,500,139, up from HKD 5,107,486 in the previous year, marking an increase of 7.7%[47] - The total equity attributable to the owners of the company increased to HKD 2,376,470, a growth of 13.6% from HKD 2,092,919 in 2022[47] - The company’s cash and cash equivalents decreased to HKD 1,299,649 from HKD 2,037,124 in 2022, a decline of 36.3%[40] - As of December 31, 2023, the group's current assets amounted to HKD 1,390,000,000, a decrease of 42% from HKD 2,391,000,000 as of December 31, 2022[81] - The total equity as of December 31, 2023, was HKD 2,402,000,000, representing an increase of 13% from HKD 2,126,000,000 as of December 31, 2022[85] - The capital debt ratio as of December 31, 2023, was 10%, down from 15% as of December 31, 2022[85] - The group had interest-bearing borrowings totaling HKD 238,000,000 as of December 31, 2023, a decrease of 24% from HKD 313,000,000 as of December 31, 2022[81] - The group had fixed-rate borrowings totaling HKD 41,000,000 as of December 31, 2023, slightly down from HKD 44,000,000 as of December 31, 2022[84] Investments and Acquisitions - The company completed the acquisition of a 20% stake in a Shenzhen project for approximately HKD 800,000,000, diversifying its future revenue sources[29] - The company completed the acquisition of a project company owning land in Tseung Kwan O for approximately HKD 369,000,000 on April 28, 2023[74] - The land acquired is currently designated for agricultural use, with plans to apply for an increase in plot ratio and change of use under a pilot scheme[75] - The company has extended the deadline for due diligence conditions related to the acquisition to April 30, 2024, allowing for further review[75] - The total consideration for the acquisition may be reduced by up to HKD 16,100,000 if certain conditions regarding residential use are not met[75] Regulatory and Accounting Changes - The application of new and revised Hong Kong Financial Reporting Standards did not have a significant impact on the group's financial position and performance for the year[51] - The group has not adopted the newly issued but not yet effective revised Hong Kong Financial Reporting Standards, which are set to take effect in 2024 and beyond[57] - The company is adjusting its accounting policies in response to the cancellation of the MPF offset mechanism, which will formally take effect on May 1, 2025[53] - The group has implemented guidance from the Hong Kong Institute of Certified Public Accountants regarding the accounting implications of the cancellation of the MPF offset mechanism, ensuring reliable and relevant information[54] Operational Highlights - The average output capacity of the company's steam supply operations increased by 31%, from 62 tons per hour in 2022 to 81 tons per hour in 2023[27] - The total income from the sewage treatment plant operations was HKD 51,333,000, reflecting the company's ongoing commitment to environmental services[62] - The overall service income from the group indicates a stable performance amidst regulatory changes and market conditions[62] - Total segment revenue for the year ended December 31, 2023, was HKD 12,507,050, with HKD 12,290,182 from Hong Kong and HKD 216,868 from China[64] - Segment profit for Hong Kong was HKD 816,439, while China reported a loss of HKD 15,364, resulting in a total segment profit of HKD 801,075[64] - Investment income for the year was HKD 4,306, despite a fair value loss of HKD 123,441 on financial assets[64] Meeting and Governance - The annual general meeting is scheduled for May 21, 2024, at the Harbour Plaza Metropolis Hotel in Hong Kong[94]