目錄 | 公司資料 2 | | --- | | 主席報告 4 | | 管理層討論及分析 5 | | 董事及高級管理層簡歷 10 | | 環境、社會及管治報告 13 | | 企業管治報告 31 | | 董事會報告 49 | | 獨立核數師報告 60 | | 經審核財務報表 | 綜合損益及其他全面收益表 64 審核委員會 綜合財務狀況表 65 綜合權益變動報表 67 綜合現金流量表 68 綜合財務報表附註 70 五年財務摘要 138 公司資料 董事會 執行董事 勞國康 （主席） 徐國興 （聯席主席） 梁章衡 傅軍 （行政總裁） （於二零二三年九月二十八日退任） 非執行董事 王冠 王春平 獨立非執行董事 王琪 邱伯瑜 梁雅達 邱伯瑜 （主席） 王琪 梁雅達 薪酬委員會 邱伯瑜 （主席） 徐國興 王琪 梁雅達 提名委員會 徐國興 （主席） 梁章衡 王琪 邱伯瑜 梁雅達 策略與發展委員會 徐國興 （主席） 邱伯瑜 傅軍（於二零二三年九月二十八日退任） 執行委員會 徐國興 （主席） 邱伯瑜 梁雅達 傅軍（於二零二三年九月二十八日退任） 企業管治委員會 徐國興 （主席） 邱伯瑜 梁雅達 公司秘書 陳婉縈（於二零二三年六月三 ...

Bank Financing - The unutilized bank financing amount is clarified to be HKD 37,754,000 for the year 2023, down from HKD 40,000,000 as previously reported[1] - The previous year's unutilized bank financing amount was HKD 38,087,000[1]

Financial Performance - The company's revenue for the year ended March 31, 2024, was HKD 322,246,000, representing an increase of 17.8% compared to HKD 273,619,000 in the previous year[17]. - The company reported a loss before tax of HKD 17,800,000, compared to a loss of HKD 16,000,000 in the previous year[15]. - The company reported a loss before tax of HKD 13,713,000 for the year ending March 31, 2024, an improvement from a loss of HKD 17,800,000 in the previous year, representing a reduction of approximately 23.5%[18]. - Total comprehensive loss for the year was HKD 13,909,000, down from HKD 18,228,000 in the prior year, indicating a decrease of about 23.5%[18]. - The net loss attributable to the group's owners narrowed to approximately HKD 13,402,000, down from a loss of about HKD 17,671,000 in the previous year[114]. - Other income and gains for the year were approximately HKD 3,728,000, a decrease of about HKD 694,000 from HKD 4,422,000 the previous year[113]. Employee Costs - Employee costs increased to HKD 229,782,000, up from HKD 198,416,000, reflecting a rise of 15.8%[17]. - Employee benefits expenses increased to HKD 220,312,000 in 2024 from HKD 187,831,000 in 2023, representing a growth of 17.3%[65]. - Total employee costs amounted to HKD 229,782,000 in 2024, up from HKD 198,416,000 in 2023, reflecting a rise of 15.8%[65]. Assets and Liabilities - The total assets decreased to HKD 175,797,000 from HKD 193,427,000, indicating a decline of 9.1%[15]. - The company’s net assets decreased to HKD 91,753,000 from HKD 105,662,000, reflecting a decline of approximately 13.2%[20]. - The total liabilities increased slightly to HKD 70,135,000 from HKD 70,135,000, remaining stable year-over-year[15]. - The company’s total assets amounted to HKD 161,737,000, with total liabilities at HKD 69,984,000, resulting in a debt-to-asset ratio of approximately 43.2%[30]. - The company’s non-current liabilities decreased from HKD 3,967,000 to HKD 1,594,000, indicating a reduction of approximately 59.8%[20]. - The weighted average expected loss rate for trade receivables over 1 year was 100% in 2024, indicating a significant increase in credit risk[75]. Revenue Sources - Revenue from cleaning and related services reached HKD 322,246,000, an increase of 17.8% compared to HKD 273,619,000 in the previous year[34]. - The company has not reported any revenue from the Chinese market for the current year, compared to HKD 10,153,000 in the previous year[32]. - The company recorded a profit of approximately HKD 56,000 from cleaning and related services, while the advertising media business incurred a loss of about HKD 1,787,000, and the waste management business reported a loss of approximately HKD 1,051,000[114]. Capital Expenditure - The company recorded a capital expenditure of HKD 376,000, which is a new investment in its operations[15]. - Capital expenditure for the year was HKD 2,016,000, which includes the acquisition of property, plant, and equipment[31]. Cash Flow and Financing - Cash and cash equivalents decreased to HKD 63,271,000 in 2024 from HKD 70,125,000 in 2023, a decline of 9.5%[76]. - The group had bank financing of HKD 40,000,000 as of the reporting date, unchanged from 2023[77]. - The group’s cash and bank balances totaled HKD 67,372,000 in 2024, down from HKD 72,204,000 in 2023, a decrease of 6.1%[76]. - The net proceeds from the share placement have been fully utilized for general working capital[145]. Corporate Governance and Compliance - The company is committed to maintaining high standards of corporate governance and compliance with listing rules[155]. - The company has no undisclosed significant contingent liabilities or unresolved legal proceedings that could materially affect its financial position[149]. Market Outlook and Strategy - The business environment is expected to be favorable due to demand growth, global supportive policies, and technological advancements[120]. - The company plans to focus more on bidding for government contracts to expand market share and enhance pest control services for existing and potential clients[119]. - Significant growth in public and private housing construction in Hong Kong is anticipated, providing considerable development prospects for the cleaning division[143]. - The company is exploring potential investments or changes to its business portfolio to enhance financial performance and minimize risks[127]. Shareholder Information - The group did not recommend any dividend payment for the year ended March 31, 2024, consistent with 2023[81]. - No dividends are recommended for the year ending March 31, 2024, consistent with the previous year[123]. - The company has successfully placed 126,200,000 shares at a price of HKD 0.063 per share, representing approximately 6.99% of the existing issued share capital prior to completion[121]. - The company sold 66,666,666 shares for a total consideration of approximately HKD 2,225,000 during the reporting period[154].

Financial Performance - For the six months ended September 30, 2023, the company reported revenue of HKD 153,029,000, an increase of 19.5% compared to HKD 128,040,000 for the same period in 2022[6]. - The company incurred a loss before tax of HKD 8,383,000, which is an improvement from a loss of HKD 9,671,000 in the previous year, reflecting a reduction of 13.4%[6]. - The total comprehensive loss for the period was HKD 8,592,000, compared to HKD 9,738,000 in the prior year, indicating a decrease of 11.8%[6]. - The company reported a net loss of HKD 8,212,000 for the six months ended September 30, 2023, compared to a net loss of HKD 9,491,000 for the same period in 2022, representing a 13.5% improvement in loss[10]. - The company’s total comprehensive loss for the period was HKD 8,402,000, compared to HKD 9,709,000 in the previous period, indicating a 13.4% reduction in comprehensive loss[10]. - The group reported a pre-tax loss of approximately HKD 8,212,000 for the six months ended September 30, 2023, compared to a loss of HKD 9,491,000 for the same period in 2022, indicating a decrease in loss of about 13.5%[38]. - The group reported a basic loss per share of HKD 0.00425 for the six months ended September 30, 2023, compared to HKD 0.00506 for the same period in 2022, indicating an improvement in loss per share[38]. Cash Flow and Liquidity - Cash and cash equivalents decreased by HKD 9,054,000, ending at HKD 61,032,000 as of September 30, 2023, compared to HKD 86,059,000 at the end of the previous period[11]. - The net cash outflow from operating activities was HKD 5,006,000 for the six months ended September 30, 2023, compared to a net cash inflow of HKD 8,609,000 in the same period of 2022[11]. - The company incurred a net cash outflow from investing activities of HKD 2,295,000, an increase from HKD 1,524,000 in the previous year[11]. - The company’s cash flow from financing activities showed a net outflow of HKD 1,753,000, a decrease from a net inflow of HKD 3,834,000 in the prior year[11]. - As of September 30, 2023, the group's cash and bank balances totaled approximately HKD 66,124,000, down from HKD 72,204,000 as of March 31, 2023[73]. Assets and Liabilities - The company's total assets decreased to HKD 169,782,000 from HKD 175,797,000, a decline of 3.0%[8]. - Current liabilities rose to HKD 69,686,000 from HKD 66,168,000, reflecting an increase of 7.6%[8]. - The net asset value of the company as of September 30, 2023, was HKD 97,070,000, down from HKD 105,662,000, a decrease of 8.2%[8]. - The total liabilities increased to HKD 72,712,000 as of September 30, 2023, compared to HKD 70,135,000 as of March 31, 2023[24]. - The group’s net asset value decreased to approximately HKD 97,070,000 as of September 30, 2023, from HKD 105,662,000 as of March 31, 2023[73]. - The debt-to-equity ratio increased to 3.1% as of September 30, 2023, compared to 2.8% as of March 31, 2023[73]. Employee Costs and Operations - Employee costs for the period were HKD 113,155,000, which is an increase of 23.6% compared to HKD 91,518,000 in the previous year[6]. - Total employee costs increased to HKD 113,155,000 for the six months ended September 30, 2023, up from HKD 91,518,000 for the same period last year[90]. - The group employed a total of 1,175 employees as of September 30, 2023, an increase from 1,144 employees as of March 31, 2023[90]. - The cost of services provided was HKD 145,845,000 for the six months ended September 30, 2023, compared to HKD 121,006,000 in the previous year, reflecting an increase of about 20.5%[33]. - The other operating expenses amounted to approximately HKD 45,492,000, a 5.7% increase from HKD 43,019,000 in the previous year, primarily driven by costs associated with the cleaning and related services business[72]. Business Operations and Strategy - The company did not report any new product launches or significant market expansion strategies during this period[5]. - The company continues to focus on expanding its services in waste management and advertising media, which are key operational segments[13]. - The cleaning and related services business recorded a revenue growth of approximately 20%, attributed to increased service demand from a major client in the aviation sector[69]. - The company successfully secured a new cleaning contract for a well-known commercial building during the reporting period, enhancing synergy with an existing client[68]. - The company continues to face challenges in the cleaning industry due to rising labor costs and a shortage of skilled workers, necessitating adjustments in operational budgeting and financial planning[68]. - The company is actively exploring new business opportunities with local governments, although previous efforts have not been successful[70]. Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated interim financial statements for the six months ended September 30, 2023, confirming compliance with applicable accounting standards[109]. - The company has adopted a corporate governance code and has complied with all relevant provisions during the reporting period ending September 30, 2023[106]. - The company maintains high standards of corporate governance, regularly reviewing its practices to meet legal requirements and shareholder expectations[105]. - The audit committee has unrestricted access to employees, records, external auditors, and senior management to fulfill its responsibilities[109]. - The company is committed to transparency and accountability in its financial reporting and governance practices[105]. Stock Options and Share Capital - The stock option plan was approved by shareholders on September 25, 2015, and is valid for ten years until September 24, 2025[93]. - As of September 30, 2023, a total of 121,482,302 stock options were granted, with 98,589,302 options remaining unexercised[96][97]. - The exercise price for the stock options granted on July 23, 2020, is HKD 0.094, and these options can be exercised anytime from July 23, 2020, to July 22, 2030[97]. - The total number of stock options for continuous contract employees decreased from 48,686,302 to 47,543,302 due to the expiration of 1,143,000 options[96]. - The stock option plan aims to encourage and reward participants for their contributions to the group and to attract and retain talented employees[94]. - The stock options are also available to non-executive directors, suppliers, customers, and other contributors to the group's business development[93]. Shareholder Information - As of September 30, 2023, the total issued and paid-up ordinary shares were 1,931,069,796, with a par value of HKD 0.01 per share[50]. - The company raised approximately HKD 7,950,600 from a placement of 126,200,000 shares at HKD 0.063 per share, netting about HKD 7,763,000 for general working capital[50]. - As of September 30, 2023, WKI Partners (Holdings) Limited holds 179,315,000 shares, representing 9.29% of the company's issued share capital[104]. - The registered capital of Shuyang Green Yide Environmental Technology Co., Ltd. is RMB 62,500,000, with Mr. Lao holding a 30% indirect interest[101]. - Mr. Xu's total equity interest is 69,190,090 shares and 16,000,000 stock options, representing approximately 8.54% of the company's issued share capital[98][99]. - Mr. Lau holds 53,674,000 shares and 16,000,000 stock options, accounting for about 3.72% of the company's issued share capital[98][99].

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告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 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。 XINHUA NEWS MEDIA HOLDINGS LIMITED 新華通訊頻媒控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：309） 截至二零二三年九月三十日止六個月之 中期業績公告 業績 新華通訊頻媒控股有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及 其附屬公司（統稱「本集團」）截至二零二三年九月三十日止六個月之未經審核簡明 綜合中期業績。該等簡明綜合中期財務報表未經審核，惟已由本公司審核委員會 （「審核委員會」）審閱。 簡明綜合損益及其他全面收益表 截至二零二三年九月三十日止六個月 截至 九月三十日止六個月 二零二三年 二零二二年 （未經審核） （未經審核） ...

Financial Performance - The company's revenue for the fiscal year ending March 31, 2023, was approximately HKD 273,619,000, a slight decrease of 1.0% compared to HKD 276,426,000 in the previous year[13]. - The net loss attributable to the owners of the company was approximately HKD 17,671,000, compared to a loss of HKD 16,651,000 in the previous year[22]. - Other income and gains increased to approximately HKD 4,422,000, up from HKD 1,365,000 in the previous year, primarily due to government subsidies and increased interest income[19]. - Other operating expenses decreased by 6.1% to approximately HKD 88,935,000, mainly due to a 7.9% reduction in subcontracting costs[22]. - The cash and cash equivalents as of March 31, 2023, totaled approximately HKD 72,204,000, down from HKD 76,101,000 the previous year[23]. - The company recorded a loss of approximately HKD 2,445,000 in the cleaning and related services segment, HKD 3,160,000 in the advertising media segment, and HKD 1,106,000 in the waste management segment[22]. - As of March 31, 2023, the group's net assets were approximately HKD 105,662,000, a decrease from HKD 113,911,000 as of March 31, 2022[24]. - The group's debt-to-equity ratio as of March 31, 2023, was 2.8%, compared to 2.6% as of March 31, 2022[24]. - The group maintained its revenue in the cleaning and related services business despite intense competition, with only a slight decline in profit margins compared to the previous year[27]. - The total employee cost for the year was approximately HKD 198,416,000, an increase from HKD 189,693,000 in the previous year, with a total of 1,144 employees as of March 31, 2023[43]. - The group has not proposed any dividends for the year ending March 31, 2023, consistent with the previous year[33]. - The group has a bank financing of HKD 40,000,000 as of March 31, 2023, unchanged from the previous year[25]. - The group has a performance guarantee amounting to approximately HKD 1,913,000 as of the reporting period, down from HKD 4,630,000 in the previous year[35]. - The group plans to use the net proceeds from a recent placement of shares, totaling approximately HKD 7,763,000, for general working capital and future business opportunities[31]. - The group has no significant investment or capital asset plans for the future as of the reporting date[40]. Employee Management - The company aims to attract new employees and retain existing staff by improving compensation, benefits, and healthcare[9]. - The total employee count increased to 1,089 in 2023, up from 1,060 in 2022, representing a growth of approximately 2.74%[109]. - The employee turnover rate for 2023 was 4.64%, with male turnover at 40% and female turnover at 57%[111][112]. - The percentage of full-time employees rose to 67% in 2023 from 63% in 2022, while part-time employees decreased to 33% from 37%[109]. - Employee training participation increased to 83% in 2023, up from 74% in 2022[123]. - Average training hours per employee decreased to 2.8 hours in 2023 from 3.4 hours in 2022[125]. - The number of workplace injuries reported was 14 in 2023, compared to 13 in 2022[118]. - The company organized recreational and social activities to improve employee satisfaction and reduce turnover rates[111]. - The average turnover rate for part-time employees was notably high at 61% in 2023, compared to 37% in 2022[112]. - The company has successfully eliminated the hiring of any employees below the legal working age, ensuring compliance with labor laws[128]. - The company is committed to providing competitive salaries and employee benefits to enhance career development opportunities[74]. Environmental Sustainability - The company plans to introduce more green technologies in operations to reduce environmental impact and create new business opportunities[9]. - The company is transitioning to environmentally friendly cleaning solutions to minimize harmful waste generation[80]. - The company has established a responsible supply chain to ensure ethical cooperation with suppliers[74]. - The company reported a commitment to sustainable development, focusing on economic, social, and environmental sustainability[59]. - The management team emphasized the importance of sustainability initiatives, committing to reduce carbon emissions by J% over the next five years[49]. - The company aims to transparently present both positive and negative impacts of its business operations[67]. - The report focuses on sustainability and performance in four environmental areas and eight social areas, particularly highlighting the cleaning services division[69]. - The company identified and confirmed 24 key issues impacting its operations, environment, and society through stakeholder interviews and surveys[74]. - Greenhouse gas emissions from the company's operations increased to 53 metric tons of CO2 equivalent in 2023, up from 51 metric tons in 2022[86]. - The company aims to reduce nitrogen oxides, sulfur oxides, and particulate matter emissions by 3% before 2024, using 2019 as the baseline year[84]. - The company has 1,089 employees, with a greenhouse gas density of 0.05 metric tons of CO2 equivalent per employee in 2023, unchanged from 2022[86]. - The company consumed 5,071 liters of diesel and 3,345 liters of unleaded gasoline for its service vehicles in the year[82]. - The total harmless waste generated in 2023 was 276.65 tons, a decrease from 295.38 tons in 2022, representing a reduction of approximately 6.1%[89]. - The density of harmless waste per employee decreased to 0.25 tons in 2023 from 0.28 tons in 2022[89]. - The company achieved a 3% reduction target for harmless waste density ahead of the 2024 deadline, based on 2022 as the benchmark year[91]. - Total energy consumption in 2023 was 122,879 kWh, an increase from 112,084 kWh in 2022, resulting in an energy consumption density of 113 kWh per employee[98]. - The company is currently working towards a 3% reduction in energy consumption density by 2024, using 2019 as the baseline year[101]. - Paper usage in 2023 was recorded at 1,118 kg, up from 1,053 kg in 2022, prompting the implementation of paper-saving initiatives[96]. - The company has introduced new cleaning machines with built-in water filtration systems to recycle water and reduce overall water consumption[95]. - The company received the "Corporate Environmental Leadership Award 2021" from Bank of China (Hong Kong) for its performance in environmental protection[104]. - There were no significant violations of environmental laws or regulations reported during the year, with no fines or non-monetary penalties incurred[92]. - The company has established emergency plans for extreme weather events to address potential climate-related risks[105]. Corporate Governance - The board consists of four executive directors, two non-executive directors, and three independent non-executive directors, ensuring a balanced composition for effective independent judgment[159]. - The board is responsible for overall management and performance monitoring, including policy formulation and significant acquisitions[160]. - The company has adopted a self-regulatory code for securities trading by directors, ensuring compliance with the standards set by the listing rules[157]. - The company has established a mechanism for directors to obtain independent advice to fulfill their responsibilities effectively[163]. - The company has maintained compliance with the corporate governance code throughout the fiscal year ending March 31, 2023[155]. - The board has committed to regular reviews of corporate governance practices to meet regulatory requirements and shareholder expectations[155]. - The company has received annual independence confirmations from all independent non-executive directors, affirming their independence[177]. - The company encourages directors to participate in professional development courses and seminars to enhance their knowledge and skills[166]. - The Compensation Committee reviewed and approved the remuneration policies for all directors and senior management, ensuring transparency and alignment with the company's objectives[187]. - The Audit Committee held three meetings during the year, with all members attending each meeting, focusing on the review of financial statements and the effectiveness of internal controls[191]. - The company recommended the reappointment of Zhongzheng Tianheng as the auditor for the financial year ending March 31, 2023, after reviewing their terms of engagement[191]. - The Nomination Committee was established to ensure a diverse board composition, considering factors such as gender, age, and professional experience[197]. - The company has adopted a board diversity policy to enhance the effectiveness of the board by considering various aspects of diversity in its composition[198]. - The company has established six board committees, including the remuneration committee, audit committee, nomination committee, corporate governance committee, strategy and development committee, and executive committee[181]. - The company has arranged appropriate liability insurance for directors to cover responsibilities arising from company activities, with regular reviews of coverage and insured amounts[170]. - The chairman and CEO roles are clearly separated, with Mr. Lao Guokang as chairman, Mr. Xu Guoxing as co-chairman, and Mr. Fu Jun as CEO[171]. - The board meets at least four times a year, with meetings scheduled in advance to facilitate attendance by all directors[175]. - The nomination committee evaluates and recommends candidates for the appointment and reappointment of directors, with all directors required to retire at least every three years[172]. - The company has not faced any legal cases related to corruption during the year, indicating effective governance practices[146]. - The company has maintained a strict adherence to anti-corruption laws, with no significant violations reported in the past year[145]. - The company has developed a privacy management policy to protect stakeholder data and comply with relevant laws[139]. - The company has received the "Social Capital Power Logo Award" for its contributions to social capital development[148]. - The company has implemented a comprehensive training program to ensure all employees are capable of meeting quality, environmental, and occupational health and safety standards[135]. - The company has established a subcontractor management plan to ensure compliance with safety, environmental, and social risk standards[131]. Community Engagement - The company provided a supportive environment for employees with learning disabilities through its partnership with Café 8, enhancing community engagement[150]. - The company participated in the "Smoke-Free Waterfront Walk" charity event, with 26 employees walking an average of 12,000 steps each, collecting over 100 cigarette butts[150]. - The company has implemented a recycling initiative at a major residential project, encouraging residents to exchange recyclable items for sponsored consumer goods[150].

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告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份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。 XINHUA NEWS MEDIA HOLDINGS LIMITED 新華通訊頻媒控股有限公司 （於開曼群島註冊成立之有限公司） 309 （股份代號： ） (1) 截至二零二三年三月三十一日止年度之全年業績公告； 及 (2) 公司秘書及授權代表辭任 業績 新華通訊頻媒控股有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及 其附屬公司（統稱「本集團」）截至二零二三年三月三十一日止年度之綜合業績，連 同截至二零二二年三月三十一日止年度之比較數字如下： 綜合損益及其他全面收益表 截至二零二三年三月三十一日止年度 二零二三年 二零二二年 附註 千港元 千港元 ...

Financial Performance - The company reported revenue of HKD 128,040,000 for the six months ended September 30, 2022, a decrease of 5.4% compared to HKD 135,390,000 in the same period of 2021[6]. - Other income and gains increased to HKD 3,023,000 from HKD 813,000, showing a significant growth of 271.5% year-on-year[6]. - The company incurred a loss before tax of HKD 9,671,000, compared to a loss of HKD 5,552,000 in the previous year, representing a 74.0% increase in losses[6]. - The total comprehensive loss for the period was HKD 9,738,000, up from HKD 5,071,000, indicating an increase of 92.5%[6]. - The company reported a basic and diluted loss per share of HKD 0.0051, compared to HKD 0.0029 in the previous year, indicating a 75.9% increase in loss per share[6]. - The company reported a total comprehensive loss of HKD 9,709,000 for the six months ended September 30, 2022, compared to a total comprehensive loss of HKD 4,893,000 in the same period last year[9]. - The net loss attributable to owners was approximately HKD 9,491,000, compared to a loss of HKD 5,189,000 for the same period in 2021[57]. - The group reported a net loss attributable to shareholders of approximately HKD 9,491,000, compared to a loss of HKD 5,189,000 in the same period last year[63]. Assets and Liabilities - The company's cash and cash equivalents increased to HKD 86,059,000 from HKD 74,026,000, reflecting a growth of 16.5%[7]. - Current assets totaled HKD 149,991,000, slightly down from HKD 152,262,000, a decrease of 1.5%[7]. - Non-current assets decreased to HKD 33,602,000 from HKD 38,703,000, a decline of 13.2%[7]. - The company's total assets amounted to HKD 183,593,000, down from HKD 190,965,000, representing a decrease of 3.9%[7]. - The equity attributable to owners of the company was HKD 112,153,000, a slight decrease from HKD 114,099,000, down by 1.7%[8]. - The company's equity attributable to owners decreased to HKD 130,156,000 as of September 30, 2022, from HKD 135,049,000 as of March 31, 2022[9]. - Trade receivables at the end of the reporting period amounted to HKD 44,966,000, down from HKD 56,524,000 as of March 31, 2022[39]. - The company reported trade payables of HKD 11,141,000 as of September 30, 2022, slightly down from HKD 11,634,000 as of March 31, 2022[43]. - Other payables and accrued expenses totaled HKD 35,009,000, a decrease from HKD 36,234,000 in the previous period[44]. Cash Flow - The net cash flow from operating activities for the six months ended September 30, 2022, was HKD 8,609,000, compared to a cash outflow of HKD 3,610,000 in the same period last year[10]. - The net cash flow used in investing activities was HKD 1,524,000, an increase from HKD 314,000 in the previous year[10]. - The financing activities generated a net cash flow of HKD 3,834,000, compared to HKD 1,755,000 in the prior year[10]. - The total cash and cash equivalents at the end of the period were HKD 86,059,000, a decrease from HKD 92,097,000 at the end of the previous year[10]. - As of September 30, 2022, the group's cash and cash equivalents totaled approximately HKD 88,134,000, an increase from HKD 76,101,000 as of March 31, 2022[64]. Business Segments - The company operates in three reportable segments: cleaning and related services, waste management services, and advertising media services[12][18]. - The total revenue for the cleaning and related services segment was HKD 128,040,000 for the six months ended September 30, 2022, a decrease of 5.4% compared to HKD 135,390,000 for the same period in 2021[21]. - The segment performance for cleaning and related services showed a loss of HKD 800,000 for the six months ended September 30, 2022, compared to a profit of HKD 2,443,000 in the same period of 2021[21]. - The advertising media business remains suspended due to the ongoing global pandemic, with no clear timeline for resumption[70]. - The cleaning and related services business faces intense competition, but the company aims to expand its market share, particularly in the mid to high-end cleaning service market[71]. Employee and Management Costs - Employee costs totaled HKD 91,518,000 for the six months ended September 30, 2022, slightly down from HKD 92,387,000 for the same period in 2021[30]. - Total compensation for key management personnel decreased to HKD 1,519,000 for the six months ended September 30, 2022, from HKD 1,731,000 in the previous year[49]. - As of September 30, 2022, the group employed a total of 1,037 employees, a decrease from 1,071 employees as of March 31, 2022[76]. Corporate Governance - The company has adopted a corporate governance code and has complied with all relevant provisions during the reporting period[92]. - The company maintains high standards of corporate governance and regularly reviews its practices to meet regulatory requirements[91]. - The audit committee, consisting of three independent non-executive directors, reviewed the interim financial statements for the six months ended September 30, 2022[94]. - The audit committee has unrestricted access to employees, records, external auditors, and senior management for its reviews[94]. - The company is committed to transparency and accountability in its operations, aligning with shareholder expectations[91]. Share Capital and Securities - The company issued 126,200,000 new ordinary shares at HKD 0.063 per share, raising approximately HKD 7,763,000 net of expenses[47]. - The weighted average number of ordinary shares issued during the period was 1,875,210,780, an increase from 1,804,869,796 shares in the previous year[34]. - The stock option plan has a total of 130,132,302 options that are unexercised and fully vested as of September 30, 2022[82]. - The exercise price for stock options granted on July 23, 2020, is HKD 0.094, valid until July 22, 2030[82]. - The board of directors has significant shareholdings, with Mr. Xu holding 69,190,090 shares and 16,000,000 options, representing approximately 8.54% of the company's issued share capital[83]. Other Information - The company has not applied any new standards or interpretations that have not yet come into effect during the reporting period[17]. - The company has no significant undisclosed contingent liabilities or unresolved legal proceedings that could materially affect its financial position as of the report date[74]. - There were no significant events occurring after the reporting period up to the report date[75]. - The company did not purchase, sell, or redeem any of its listed securities during the six months ended September 30, 2022[78].

Financial Performance - The company's revenue for the year ended March 31, 2022, was approximately HKD 276,426,000, an increase of 11.4% compared to HKD 248,183,000 in the previous year[14] - The group reported a loss attributable to shareholders of approximately HKD 16,651,000, compared to a profit of HKD 20,938,000 in the previous year[14] - Operating expenses increased by 25.1% to approximately HKD 94,754,000, primarily due to costs associated with cleaning and related services[15] - The cash and cash equivalents as of March 31, 2022, totaled approximately HKD 76,101,000, down from HKD 96,026,000 in the previous year[16] - The current ratio decreased to 2.2 from 2.8 in the previous year, indicating a decline in liquidity[16] - The group's net assets were approximately HKD 113,911,000, down from HKD 135,330,000 in the previous year[16] - The cleaning and related services segment recorded a profit of approximately HKD 1,729,000, while the advertising media and waste management segments reported losses of approximately HKD 4,794,000 and HKD 1,688,000, respectively[14] - The increase in revenue was attributed to new contracts for cleaning services at a luxury residential property and Hong Kong International Airport[14] Operational Challenges - The advertising media business has been suspended since the second quarter of 2020 due to the impact of COVID-19, with management focusing on cost control measures[21] - The cleaning business faced severe labor shortages during the peak of the fifth wave of the pandemic, particularly in February and March 2022, leading to increased operational costs for protective equipment[22] - Demand for disinfection services surged during the pandemic, with new clients including the police headquarters, reflecting a strong need for health and safety solutions[22] - The company anticipates strong demand from an aviation-related client as the airline industry gradually recovers, despite facing challenges in renewing some existing cleaning contracts[26] Employee and Workforce Information - The total employee cost for the year was HKD 189,693,000, a decrease from HKD 194,108,000 in the previous year, with a workforce of 1,071 employees[36] - The employee turnover rate for the year was approximately 3.87%, with a notable 86% turnover rate for full-time employees[99][100] - The workforce distribution shows 74% female employees and 26% male employees, totaling 1,060 employees[98] - The employee training participation rate was 74%, with 84% for middle-level employees and 18% for senior-level employees[114] - The average training hours per employee was 3.4 hours, with male employees averaging 3.3 hours and female employees averaging 3.5 hours[115] Governance and Compliance - The company has adhered to the corporate governance code and has made necessary corrections to comply with regulations regarding independent directors[142] - The board consists of four executive directors, two non-executive directors, and three independent non-executive directors, ensuring a balanced composition for effective independent judgment[146] - The company has established a nomination policy to guide the selection and appointment of new directors[160] - The board regularly reviews the functions and tasks of executive directors and senior management to ensure effective governance[150] - The board held a total of 8 meetings during the fiscal year ending March 31, 2022, demonstrating high engagement from all directors[166] Environmental and Sustainability Initiatives - The company reported a total greenhouse gas emissions of 51 tons of CO2 equivalent in 2022, down from 54 tons in 2021, indicating a reduction of approximately 5.6%[78] - The company aims to reduce nitrogen oxide emissions density by 3% before 2024, using 2019 as the baseline year[76] - The company is committed to sourcing environmentally friendly cleaning solutions to minimize harmful waste generation[72] - The company has implemented a new cleaning machine with an integrated water filtration system to recycle water and reduce overall water consumption[86] - The company has achieved ISO 45001:2018 and ISO 14001:2015 certifications for occupational health and safety management systems[105] Risk Management - The board is responsible for maintaining the effectiveness of the risk management and internal control systems to safeguard the company's assets[198] - The board concluded that the risk management and internal control systems are adequate and effective[199] - The company does not currently see the need for an independent internal audit function, which will be reviewed periodically[199] - The risk management activities are continuously conducted by management, with annual evaluations of the effectiveness of the risk management and internal control systems[200] Strategic Planning and Future Outlook - The company completed a placement agreement on June 21, 2022, raising a total of HKD 7,950,600, with net proceeds of approximately HKD 7,732,000 for general working capital and future business opportunities[32] - The company has no significant future investment or capital asset plans, indicating a cautious approach to expansion[33] - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the H sector[42] - The company provided guidance for the next fiscal year, projecting revenue growth of A% and an expected EBITDA margin of B%[42] Health and Safety Measures - The company has implemented multiple COVID-19 safety measures, including temperature checks and regular disinfection procedures[110] - The company has installed air purifiers and hand sanitizers in the office to enhance employee safety[110] - The company provided training on occupational safety and health regulations, fire safety, and the use of personal protective equipment[115] - There were no reported fatalities due to workplace incidents in the current fiscal year[108] Stakeholder Engagement - The company emphasizes stakeholder engagement, conducting regular assessments to understand stakeholder expectations and concerns[65] - The company has established communication channels to provide timely reports on its strategic planning and performance to stakeholders[65] - The company has maintained communication with clients to gather feedback and improve service quality[122]

Financial Performance - The company reported revenue of HKD 135,390,000 for the six months ended September 30, 2021, representing an increase of 10.9% compared to HKD 121,967,000 in the same period of 2020[5]. - The company incurred a loss of HKD 5,432,000 for the period, a significant decline from a profit of HKD 15,750,000 in the previous year[5]. - The group reported a loss before tax of HKD 5,552,000 for the six months ended September 30, 2021, compared to a profit before tax of HKD 15,750,000 for the same period in 2020[29]. - The group reported a total loss of HKD 5,432,000 for the six months ended September 30, 2021, compared to a profit of HKD 15,750,000 for the same period in 2020[29]. - The company reported a net loss of HKD 5,189,000 for the six months ended September 30, 2021, compared to a profit of HKD 15,961,000 in the same period of 2020[10]. - Total comprehensive income for the period was a loss of HKD 4,893,000, compared to a total comprehensive income of HKD 16,646,000 in the previous year[10]. Assets and Liabilities - Total assets increased to HKD 205,451,000 as of September 30, 2021, compared to HKD 195,584,000 as of March 31, 2021[6]. - The company’s total liabilities increased to HKD 67,130,000 from HKD 58,296,000, reflecting higher operational costs[6]. - The company’s total liabilities decreased to HKD 536,045,000 as of September 30, 2021, from HKD 538,246,000 at the end of the previous reporting period[10]. - The company’s net assets decreased to HKD 130,259,000 from HKD 135,330,000 over the same period[8]. - The group’s total other income decreased significantly to HKD 813,000 for the six months ended September 30, 2021, from HKD 32,207,000 in the same period of 2020[28]. Cash Flow and Equities - Operating cash flow for the six months ended September 30, 2021, was a net outflow of HKD 3,610,000, a significant decrease from the inflow of HKD 23,717,000 in 2020[12]. - The company’s cash and cash equivalents stood at HKD 92,097,000, slightly down from HKD 93,953,000[6]. - The group’s cash and cash equivalents, along with pledged time deposits, totaled approximately HKD 94,171,000 as of September 30, 2021, compared to HKD 96,026,000 as of March 31, 2021[59]. - The company issued new ordinary shares amounting to HKD 11,050,000 during the reporting period[10]. - The company’s total equity attributable to owners increased to HKD 130,156,000 as of September 30, 2021, from HKD 129,141,000 at the end of the previous reporting period[10]. Revenue Segments - Revenue from cleaning and related services for the six months ended September 30, 2021, was HKD 135,390,000, an increase of 10.0% compared to HKD 121,950,000 for the same period in 2020[26]. - Total revenue for the group for the six months ended September 30, 2021, was HKD 135,624,000, compared to HKD 122,171,000 for the same period in 2020, reflecting an increase of 11.0%[24]. - The cost of services provided increased to HKD 122,743,000 for the six months ended September 30, 2021, compared to HKD 108,452,000 for the same period in 2020, representing a rise of 13.2%[29]. Corporate Governance - The company has maintained compliance with the corporate governance code throughout the reporting period, except for a temporary deviation regarding the nomination committee's composition[91]. - The company aims to uphold high standards of corporate governance and regularly reviews its practices to meet regulatory requirements[90]. - The company corrected the composition of the nomination committee on November 1, 2021, ensuring compliance with the corporate governance code[91]. - The company has adopted a self-imposed code for securities trading by directors, ensuring compliance with the standards set out in the listing rules[93]. Market Strategy and Outlook - The company plans to focus on market expansion and new product development to drive future growth[4]. - The outlook for the advertising media business remains uncertain due to the ongoing global pandemic, with no clear recovery in sight[68]. - The group has seen a significant increase in demand for cleaning services related to COVID-19, leading to a competitive advantage in attracting clients[64]. Employee and Management Costs - The group reported total employee costs of approximately HKD 92,387,000 for the reporting period, an increase from HKD 89,923,000 in the previous year[74]. - Management compensation decreased to HKD 1,731,000 for the six months ended September 30, 2021, from HKD 4,403,000 for the same period in 2020[47]. Stock Options and Shareholding - A total of 174,076,302 stock options were available as of September 30, 2021, with 42,300,000 options having expired during the period[80]. - The stock option plan aims to encourage and reward participants for their contributions to the group and to attract and retain talented employees[78]. - As of September 30, 2021, Mr. Xu holds 69,190,090 shares and 16,000,000 stock options, representing approximately 9.13% of the company's issued share capital[82]. - The total number of stock options held by all eligible participants is 131,776,302 as of September 30, 2021[80].