Financial Performance - The company reported a revenue of HKD 1.2 billion for the fiscal year ending December 31, 2023, representing a year-over-year increase of 15%[10]. - The net profit for the same period was HKD 250 million, which is a 20% increase compared to the previous year[10]. - The company reported revenue of HKD 5,982,000,000 for 2023, a slight increase from HKD 5,898,000,000 in 2022, while net profit rose to HKD 56,400,000 from HKD 14,300,000 in the previous year[21]. - Profit attributable to shareholders was HKD 25,700,000, compared to a loss of HKD 10,200,000 in 2022, indicating a significant turnaround in performance[21]. - The company reported a significant increase in revenue, achieving a total of HKD 70 billion for the fiscal year, representing a growth of 15% year-over-year[34]. - The company reported a net profit margin of 18%, which is an improvement from 15% in the previous year, indicating better cost management[34]. - The company reported a profit of HKD 25,734,000 for the year, compared to a loss of HKD 10,197,000 in the previous year, indicating a significant turnaround[195]. - The total comprehensive income for the year was HKD 35,506,000, compared to HKD 19,129,000 in 2022, representing an increase of approximately 85.5%[195]. User Growth and Market Expansion - User data showed a growth in active users by 30%, reaching a total of 500,000 users by the end of 2023[10]. - User data indicates a rise in active users by 25%, reaching a total of 1.5 million users, which reflects the company's successful engagement strategies[34]. - The company is expanding its market presence in Southeast Asia, with plans to open three new offices by mid-2024[10]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share within the next two years[34]. Future Projections - The company has projected a revenue growth of 10% for the upcoming fiscal year, targeting HKD 1.32 billion[10]. - The company has provided guidance for the next fiscal year, projecting a revenue increase of 10% to 12%, aiming for a target of HKD 77 billion[34]. - New product launches are expected to contribute an additional HKD 100 million in revenue in 2024[10]. - New product launches are expected to contribute an additional HKD 5 billion in revenue, with a focus on innovative technology solutions[34]. Corporate Governance - The company is committed to adhering to the corporate governance standards set by the Hong Kong Stock Exchange[14]. - The board currently consists of seven directors, including three executive directors and three independent non-executive directors[19]. - The company has established a policy for the remuneration of independent non-executive directors, ensuring transparency and fairness[19]. - The board consists of three executive directors, one non-executive director, and three independent non-executive directors, ensuring a balanced governance structure[59]. - The board believes that the continuity of the chairman and managing director provides strong and consistent leadership for the group[66]. - The company emphasizes a commitment to high standards of corporate governance, ensuring transparency and accountability to protect shareholder interests[56]. Research and Development - Research and development expenses increased by 25%, totaling HKD 50 million, to support innovation initiatives[10]. - The company has invested HKD 1 billion in research and development for new technologies, aiming to improve efficiency and product offerings[34]. - The company is exploring opportunities in zero-carbon technologies, robotics, digitalization, electrification infrastructure, and urban air mobility to broaden its expertise and service offerings[25]. Dividends and Shareholder Returns - A dividend of HKD 0.10 per share was declared for the fiscal year, reflecting a payout ratio of 40%[10]. - The board of directors has approved a dividend payout of HKD 0.50 per share, reflecting confidence in the company's financial health[34]. - The company has adopted a dividend policy that considers sufficient cash reserves for operational needs and future business growth, with no guarantee of specific dividend payments[89]. Challenges and Market Conditions - The outlook for 2024 remains cautious due to ongoing geopolitical tensions and high borrowing costs, with expectations of continued inflationary pressures[24]. - The real estate market in China remains stagnant, with high unemployment rates, particularly among youth, posing ongoing challenges[24]. - The company’s management remains cautiously optimistic about sustainable performance in the future, despite a challenging industry environment[26]. Operational Efficiency - The company plans to implement a new technology platform aimed at improving operational efficiency, projected to reduce costs by 15%[10]. - The company has arranged liability insurance for directors and senior management to protect their interests[62]. - The company is committed to improving project execution planning and procurement processes to enhance operational efficiency and project profitability amid various challenges[111]. Financial Position and Assets - Total assets as of December 31, 2023, amounted to HKD 5,573,294,000, up from HKD 4,835,896,000 in 2022[131]. - Total liabilities increased to HKD 3,280,443,000 from HKD 2,583,319,000 in 2022[131]. - The total amount of uncompleted contracts in the building construction segment was approximately HKD 1.885 billion as of December 31, 2023[114]. - The group had cash and cash equivalents totaling HKD 1.071 billion as of December 31, 2023, up from HKD 760.7 million in 2022[120].

Financial Performance - The company's revenue for the year ended December 31, 2023, was HKD 5,981,640, an increase of 1.4% compared to HKD 5,898,359 in 2022[3]. - Gross profit for the same period was HKD 660,259, representing a 15.9% increase from HKD 569,519 in 2022[3]. - The net profit for the year was HKD 56,447, a significant increase from HKD 14,286 in 2022, marking a growth of 296.5%[3][4]. - Basic and diluted earnings per share for the year were HKD 0.043, compared to a loss of HKD 0.017 in the previous year[3]. - Total comprehensive income for the year was HKD 67,769, compared to HKD 7,089 in 2022, indicating a substantial increase[4]. - Total revenue for the year ended December 31, 2023, reached HKD 6,003,016,000, a slight decrease from HKD 5,901,685,000 in the previous year, representing a year-over-year decline of approximately 0.2%[14]. - The company reported a pre-tax profit of HKD 76,080,000 for the year, a significant increase from HKD 36,762,000 in the prior year, reflecting a growth of 106.5%[14][17]. - Other income for 2023 totaled HKD 25,942,000, a substantial increase from HKD 6,277,000 in 2022, reflecting a growth of approximately 313.5%[27]. - The effective tax expense for 2023 was HKD 19,633,000, compared to HKD 22,476,000 in 2022, indicating a decrease of about 12.3%[31]. Assets and Liabilities - The company's total assets as of December 31, 2023, were HKD 4,573,294, compared to HKD 4,835,896 in 2022, reflecting a decrease of 5.4%[6][7]. - Current assets increased to HKD 4,295,521 from HKD 3,551,678, showing a growth of 20.9%[6]. - The company's cash and cash equivalents rose to HKD 1,070,999, up from HKD 760,662, an increase of 40.7%[6]. - Non-current liabilities decreased slightly to HKD 133,937 from HKD 139,476, a reduction of 4.0%[7]. - The equity attributable to the company's owners increased to HKD 2,105,830 from HKD 2,085,196, reflecting a growth of 1.0%[7]. - Total assets as of December 31, 2023, were HKD 5,573,294,000, compared to HKD 4,835,896,000 in the previous year, marking an increase of approximately 15.3%[16][19]. - The total liabilities increased to HKD 3,280,443,000 from HKD 2,583,319,000, representing a rise of about 27.0% year-over-year[16][19]. - Total interest-bearing debt at the end of the reporting period was HKD 773,600,000, an increase from HKD 539,500,000 as of December 31, 2022[61]. - Current liabilities accounted for 93.3% of total interest-bearing debt, up from 90.3% as of December 31, 2022[61]. - The debt-to-equity ratio increased to 36.7% from 25.9% as of December 31, 2022[61]. Revenue Breakdown - Sales to external customers in the chemical materials segment amounted to HKD 2,262,239,000, while the building construction segment generated HKD 2,119,472,000, indicating a decrease of 3.7% and an increase of 17.6% respectively compared to the previous year[14]. - Revenue from Hong Kong increased to HKD 5,672,521,000 in 2023 from HKD 5,070,852,000 in 2022, marking a growth of about 11.9%[23]. - Revenue from mainland China and Macau significantly decreased to HKD 309,119,000 in 2023 from HKD 827,507,000 in 2022, a decline of approximately 62.7%[23]. - The company generated approximately HKD 1,033,314,000 from a major customer, accounting for over 10% of total revenue[21]. - The company reported a decrease in sales in the plastic raw materials segment, which totaled HKD 405,870,000, down from HKD 450,592,000, a decline of approximately 9.9%[14][17]. - The foundation and geological investigation segment contributed revenue of HKD 2,119,000,000, up from HKD 1,801,000,000, with an operating profit of HKD 142,500,000 compared to HKD 116,200,000 last year[47]. - The revenue for the drilling subsidiary, Drilling Co., was HKD 406 million in 2023, down from HKD 451 million in 2022, with a small operating loss of HKD 200,000 compared to a profit of HKD 7.6 million in the previous year[53]. - The construction segment contributed revenue of HKD 888 million in 2023, a decrease from HKD 948 million in 2022, but improved operating profit of HKD 11 million compared to a loss of HKD 21.4 million in the prior year[56]. - The electrical and mechanical group reported revenue of HKD 2.262 billion in 2023, down from HKD 2.349 billion in 2022, with an operating loss of HKD 15 million compared to a profit of HKD 11.5 million in the previous year[54]. - The aviation segment recorded revenue of HKD 306 million in 2023, down from HKD 350 million in 2022, with operating profit decreasing to HKD 6.2 million from HKD 7.4 million[58]. Operational Insights - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[14]. - The company plans to declare a final dividend of HKD 0.025 per share, consistent with the previous year's dividend[43]. - The company is investing in talent development through the establishment of a training academy aimed at nurturing the next generation of professionals in the foundation industry[48]. - The overall outlook for the foundation industry remains positive due to government investments in infrastructure and increased public housing supply[48]. - The construction segment anticipates a strong performance in the coming years due to the approval of several large non-residential projects in Hong Kong[56]. - The company plans to enhance information technology and office automation to improve productivity and efficiency in the new fiscal year[51]. - The environmental, social, and governance (ESG) committee has been established to oversee carbon emissions reporting and employee welfare initiatives[51]. - The company aims to diversify its revenue sources by exploring new opportunities in core business areas and expanding into green plastic products and health-related items[53]. - The company maintains strict monitoring of overdue receivables, with overdue balances reviewed regularly by senior management[35]. Financial Management - The company's pre-tax profit for 2023 was impacted by a cost of sales amounting to HKD 459,672,000 for inventory and HKD 4,861,709,000 for service provision[30]. - Total financial expenses increased to HKD 38,255,000 in 2023 from HKD 18,701,000 in 2022, representing an increase of approximately 104.1%[29]. - The company reported a significant impairment loss of HKD 10,265,000 on contract assets in 2023, which was not present in 2022[30]. - The depreciation expense for property, plant, and equipment (excluding right-of-use assets) was HKD 85,025,000 in 2023, slightly down from HKD 85,868,000 in 2022[30]. - Trade receivables decreased to HKD 777,088,000 from HKD 814,871,000 year-on-year, with a provision for impairment of HKD 10,532,000[35]. - Trade payables increased to HKD 624,176,000 from HKD 429,320,000, reflecting a rise in operational liabilities[40]. Governance and Compliance - The company has adopted the standard code of conduct for securities trading as per the listing rules, confirming compliance for the year ending December 31, 2023[77]. - The board held two regular meetings during the year, deviating from the corporate governance code which requires at least four meetings annually[78]. - The audit committee has met regularly and reviewed the financial reporting procedures and content for the year ending December 31, 2023[80]. - The company's auditor, Ernst & Young, has agreed on the figures presented in the preliminary performance announcement for the year ending December 31, 2023[81]. - There were no purchases, sales, or redemptions of the company's listed shares by the company or its subsidiaries during the year[82]. Future Outlook - The outlook for 2024 indicates a challenging environment with rising borrowing costs and intense competition, but the group remains cautiously optimistic about sustainable performance[71][74]. - The group is actively exploring opportunities in zero-carbon technologies, robotics, digitalization, electrification infrastructure, and urban air mobility[73]. - The group has a substantial undrawn financing amounting to HKD 2,701,000,000 available for operational and trade financing[61]. - The group employed approximately 1,830 employees as of December 31, 2023, with annual salary reviews based on market rates and individual performance[67]. - The group confirmed revenue of HKD 4,414,000 from a construction framework agreement during the fiscal year[68]. - Revenue of HKD 48,268,000 was confirmed from renovation framework agreements during the fiscal year[70].

Financial Performance - The company reported revenue of HKD 2,539,000,000 for the six months ended June 30, 2023, a decrease of 11.1% compared to HKD 2,855,000,000 in the same period of 2022[9]. - The company recorded a net loss of HKD 48,600,000, marking its first mid-term loss since 2006, compared to a net profit of HKD 14,500,000 in 2022[9]. - Revenue for the six months ended June 30, 2023, was HKD 2,538,838,000, a decrease of 11.0% compared to HKD 2,854,620,000 in the same period of 2022[38]. - Gross profit for the same period was HKD 248,595,000, down 18.5% from HKD 305,122,000 year-on-year[38]. - The company reported a loss before tax of HKD 40,608,000, compared to a profit of HKD 32,264,000 in the previous year[38]. - The net loss for the period was HKD 48,604,000, a significant decline from a profit of HKD 14,464,000 in the prior year[40]. - The group reported a pre-tax loss of HKD 59,751,000 for the six months ended June 30, 2023, compared to a profit of HKD 5,407,000 for the same period in 2022[85]. - The company reported a total comprehensive loss of HKD 65,276,000 for the period, compared to a profit of HKD 14,464,000 in the previous year[47]. Revenue Segmentation - The foundation and geological investigation segment contributed revenue of HKD 1,021,000,000, an increase of 20% from HKD 852,000,000 in the previous year, with operating profit rising to HKD 52,100,000 from HKD 44,000,000[11]. - The revenue from the plastic and chemical products trading segment was HKD 175,000,000, down from HKD 262,000,000 in 2022, resulting in an operating loss of HKD 5,800,000 compared to a profit of HKD 10,400,000 in the previous year[17]. - The HVAC installation and maintenance segment generated revenue of HKD 861,000,000, a decrease from HKD 1,161,000,000 in 2022, with an operating loss of HKD 41,000,000 compared to a profit of HKD 12,900,000 in the prior year[19]. - The revenue from the building construction segment was HKD 376,000,000, down from HKD 410,000,000 in 2022, with an operating loss of HKD 21,100,000 compared to a loss of HKD 12,900,000 in the previous year[20]. - The aviation segment recorded revenue of HKD 105,000,000, down from HKD 170,000,000 in 2022, with a slight operating loss of HKD 200,000 compared to a profit of HKD 800,000 in the prior year[21]. - The revenue breakdown includes sales from plastic raw materials and chemical products at HKD 175,271,000, building-related contracting services at HKD 861,092,000, and foundation piling and construction engineering at HKD 1,021,351,000[58]. Cost Management and Operational Strategy - The company plans to maintain strict cost control to sustain profit margins amid rising operational costs[11]. - The company is actively exploring new growth opportunities in civil engineering and roadworks through its subsidiary, aiming to diversify revenue sources[14]. - The company has successfully expanded its laboratory testing business, gaining a competitive edge through certifications[14]. - The board is closely monitoring operational performance to ensure better results in the future, despite the challenging market conditions[34]. Debt and Financial Position - As of June 30, 2023, the total interest-bearing debt was HKD 641,700,000, up from HKD 539,500,000 at the end of 2022, with a debt ratio of 32.0% compared to 25.9% previously[24]. - The group had cash and cash equivalents totaling HKD 860,800,000 as of June 30, 2023, compared to HKD 760,700,000 at the end of 2022[24]. - The group has unutilized bank and financial institution credit facilities amounting to HKD 2,644,000,000 for operational funding and trade financing[24]. - Total liabilities increased to HKD 2,776,289,000 from HKD 2,443,843,000, representing a rise of 13.6%[44]. - The net asset value decreased to HKD 2,170,953,000 from HKD 2,252,577,000, a decline of 3.6%[44]. - The company’s interest expenses rose to HKD 16,018,000 from HKD 8,359,000 year-over-year[49]. Employee and Social Responsibility - The group employed approximately 1,740 employees as of June 30, 2023, with annual salary reviews based on market rates and individual performance[29]. - The group plans to establish scholarships for educational institutions and support NGOs to enhance its commitment to social responsibility[15]. Market Conditions and Economic Outlook - The construction industry is experiencing growth due to the Hong Kong government's long-term investment commitments, despite challenges such as inflation and labor shortages[12]. - The unemployment rate in Hong Kong decreased to 2.8% during the period from April to June 2023, down from 2.9% in the previous quarter[33]. - The Hong Kong government forecasts overall economic growth for 2023 to be between 4.0% and 5.0%, driven primarily by inbound tourism and private consumption[33]. Shareholder Information and Governance - The company’s major shareholder, Dr. Wang Shih-Wing, holds 438,334,216 shares, representing 73.68% of the issued share capital[119]. - Lucky Year Finance Limited and other associated entities collectively hold 173,093,695 shares, accounting for 29.10% of the issued share capital[119]. - The company confirmed compliance with the corporate governance code during the reporting period[111]. - The audit committee reviewed the interim results for the six months ended June 30, 2023, which were unaudited but had been reviewed[112].

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，概不對因本公佈全部或任 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。 * （於百慕達註冊成立之有限公司） （股份代號：385） 截至二零二三年六月三十日止六個月中期業績公佈 建聯集團有限公司（「本公司」）之董事會（「董事會」）宣佈本公司及其附屬公司 （「本集團」）截至二零二三年六月三十日止六個月之未經審核簡明綜合損益表及未經 審核簡明綜合全面收益表，以及本集團於二零二三年六月三十日之未經審核簡明 綜合財務狀況表，連同二零二二年之比較數字如下： 簡明綜合損益表 截至六月三十日止六個月 二零二三年 二零二二年 （未經審核） （未經審核） 附註 千港元 千港元 收入 3 2,538,838 2,854,620 銷售╱提供服務成本 (2,290,243) (2,549,498) 毛利 248,595 305,122 其他收入 3 8,721 785 銷售及分銷成本 (7,343) (11,759) 行政費用 (274,767) (260,415) 其他經營收益╱（開支）淨額 4 ...

Financial Performance - The company reported a significant increase in revenue for the fiscal year ending December 31, 2022, with total revenue reaching HKD 1.5 billion, representing a year-over-year growth of 15%[13]. - The company recorded revenue of HKD 5,898,000,000, a decrease from HKD 6,800,000,000 in the previous year, with a net profit of HKD 14,300,000 compared to HKD 94,400,000 last year[24]. - The loss attributable to shareholders was HKD 10,200,000, contrasting with a profit of HKD 77,400,000 in the previous year[24]. - The group experienced a 12% decline in gross profit, influenced by a non-cash impairment of HKD 36,000,000 related to properties held for sale[24]. - The company reported a net profit margin of 18%, reflecting improved operational efficiency[52]. - The profit for the year was HKD 14,286,000, down from HKD 94,370,000 in the previous year, representing a decline of about 84.8%[127]. - Total revenue for the year ended December 31, 2022, was HKD 5,898,359, a decrease of 13.3% from HKD 6,799,821 in 2021[184]. - Gross profit for 2022 was HKD 569,519, down 11.9% from HKD 646,559 in the previous year[184]. - Basic and diluted earnings per share were (1.7) HKD cents, compared to 13.0 HKD cents in 2021[185]. User Growth and Market Expansion - User data showed a 20% increase in active users, reaching a total of 500,000 users by the end of 2022[13]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[13]. - Market expansion plans include entering two new international markets by the end of the next fiscal year[52]. Strategic Initiatives - The company provided guidance for the upcoming fiscal year, projecting a revenue growth of 10% to 12%, aiming for a total revenue between HKD 1.65 billion and HKD 1.68 billion[13]. - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on innovative technology solutions[13]. - The company plans to implement cost-saving measures aimed at reducing operational expenses by 5% in the next fiscal year[13]. - The company plans to expand its product range by introducing more green plastic products and exploring new health products to seek growth[35]. - The company is considering strategic acquisitions to enhance its market position, with a budget of $30 million for potential acquisitions[52]. Corporate Governance - The company has a strong commitment to corporate governance, ensuring transparency and accountability to protect shareholder interests[73]. - The board consists of four executive directors and four independent non-executive directors, overseeing business operations and stakeholder value[76]. - The company has established three board committees: Audit Committee, Remuneration Committee, and Nomination Committee, to assist in monitoring senior management functions[75]. - The company has adopted a diversity policy for board members, considering various factors such as gender and professional experience[89]. - The company arranged liability insurance for directors and senior management to protect their interests[79]. Financial Stability - The management emphasized a strong balance sheet with total assets of HKD 3 billion and a debt-to-equity ratio of 0.5, indicating financial stability[13]. - The total interest-bearing debt of the group as of December 31, 2022, was HKD 539.5 million, a decrease from HKD 551.7 million as of December 31, 2021[118]. - The current liabilities accounted for 90.3% of all interest-bearing debts, compared to 89.5% in the previous year[118]. - The group's cash and cash equivalents totaled HKD 760.7 million as of December 31, 2022, up from HKD 648.8 million a year earlier[118]. - The debt-to-equity ratio was 25.9% as of December 31, 2022, slightly down from 26.0% in the previous year[118]. Research and Development - Research and development expenditures increased by 30% to HKD 150 million, focusing on sustainable technologies and product enhancements[13]. - The company is investing in new technology development, allocating $10 million for R&D in the next fiscal year[52]. Shareholder Returns - The company declared a final dividend of HKD 0.10 per share, reflecting a commitment to returning value to shareholders[13]. - Shareholder returns are expected to increase, with a proposed dividend of $0.50 per share, up from $0.40 last year[52]. - The proposed final dividend for the year ended December 31, 2022, is HKD 0.025 per share, down from HKD 0.0275 per share in 2021[114].

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，並明確表示概不就就因本公佈全部或任 何之部份內容而產生或因倚賴該等內容而引致之任何損失擔任何責任。 * （於百慕達註冊成立之有限公司） （股份代號：385） 截至二零二二年十二月三十一日止年度 業績公佈 建聯集團有限公司（「本公司」）之董事會（「董事會」）宣佈本公司及其附屬公司 （「本集團」）截至二零二二年十二月三十一日止年度之綜合損益表及綜合全面收益 表，以及本集團於二零二二年十二月三十一日之綜合財務狀況表，連同 二零二一年之比較數字如下： 綜合損益表 截至十二月三十一日止年度 二零二二年 二零二一年 附註 千港元 千港元 收入 3 5,898,359 6,799,821 銷售╱提供服務成本 (5,328,840) (6,153,262) 毛利 569,519 646,559 其他收入 3 6,277 4,077 銷售及分銷成本 (23,903) (22,366) 行政費用 (517,737) (496,027) 其他經營收益淨額 4 28,776 12,438 投資物業公平值之變動淨額 (2,05 ...

Financial Performance - The company reported revenue of HKD 2,855,000,000 for the six months ended June 30, 2022, a decrease of 4.9% from HKD 3,004,000,000 in 2021[29]. - Net profit for the same period was HKD 14,500,000, down 16.5% from HKD 17,400,000 in 2021[29]. - Revenue for the six months ended June 30, 2022, was HKD 2,854,620, a decrease of 5% from HKD 3,004,020 in the same period of 2021[61]. - Total revenue for the six months ended June 30, 2022, was HKD 2,854,944,000, with significant contributions from construction services (HKD 1,160,702,000) and plastic raw materials (HKD 261,572,000) [103]. - Revenue from construction services was HKD 2,535,824, down from HKD 2,623,728, representing a decline of approximately 3.3%[131]. - The overall comprehensive income for the period was HKD 11,059, down from HKD 20,428 in the previous year[67]. Government Support - The company received government subsidies of HKD 18,100,000, compared to HKD 2,200,000 in the previous year[29]. - The company received government subsidies amounting to HKD 18,060,000 in 2022, a substantial increase from HKD 2,154,000 in 2021, indicating a growth of approximately 738.5%[149]. Operational Challenges - The management is reviewing projects and costs to maintain profitability amid rising material and logistics costs[32]. - The company is cautiously assessing its projects and costs to sustain profitability due to project delays caused by the pandemic[32]. - The company is facing challenges with rising costs and declining bid prices in the building construction and facilities services sectors but aims to control costs and maintain profitability[56]. Segment Performance - Revenue from plastic and chemical raw material trading was HKD 262,000,000, a decline of 8.1% from HKD 285,000,000 in 2021[31]. - Shun Cheong's core business generated revenue of HKD 1,161,000,000, a slight increase from HKD 1,134,000,000 in 2021, but operating profit dropped significantly to HKD 12,900,000 from HKD 35,400,000[32]. - The foundation and piling segment contributed revenue of HKD 852 million, down from HKD 998 million, but operating profit improved to HKD 44 million from HKD 42.6 million due to better gross margin management[35]. Financial Position - The group reported a total interest-bearing debt of HKD 592.5 million, with a debt ratio of 28.1%, up from 26.0% at the end of the previous year[44]. - The cash and cash equivalents totaled HKD 596.6 million, down from HKD 648.8 million at the end of the previous year[44]. - Total assets as of June 30, 2022, amounted to HKD 4,686,420,000, with the largest asset category being construction services at HKD 1,624,502,000 [109]. - Total liabilities were reported at HKD 2,429,873,000, with significant liabilities in construction services amounting to HKD 1,016,687,000 [109]. Employee and Management - The group employed approximately 1,600 staff as of June 30, 2022, with annual salary reviews based on market rates and individual performance[48]. - Employee benefit expenses, including director remuneration, decreased to HKD 452,120,000 in 2022 from HKD 507,106,000 in 2021, a reduction of 10.8%[153]. - The total remuneration for key management personnel increased to HKD 72,469,000 for the six months ended June 30, 2022, compared to HKD 68,506,000 in the previous year, reflecting a growth of approximately 4.3%[180]. Corporate Governance - The group confirmed compliance with the standards set out in the Corporate Governance Code during the six months ended June 30, 2022[197]. - The company has complied with all relevant provisions of the Corporate Governance Code, except for provision B.2.2, which states that each director must retire at least once every three years[198]. - The Audit Committee has held regular meetings since its establishment, with at least two meetings per year to review and supervise the financial reporting process and internal controls[199]. Cash Flow and Investments - Cash flow from operating activities showed a significant outflow of HKD 54,036,000 compared to an inflow of HKD 132,737,000 in the previous period[86]. - The net cash outflow from investing activities was HKD 33,696,000, a reduction from HKD 54,189,000 in the prior period[89]. - The company reported a loss from the sale of property, plant, and equipment amounting to HKD 50,000, compared to a gain of HKD 1,350,000 in the previous period[86]. Market Outlook - The government has allocated HKD 100 billion for infrastructure projects, which is expected to create significant bidding opportunities for the foundation industry[40]. - The construction industry is expected to benefit from ongoing housing demand and community facilities, particularly in the Northern Metropolis and Lantau Tomorrow Vision developments[56]. - The company has plans for market expansion and new product development to enhance revenue streams in the upcoming periods[130].

Financial Performance - The company reported a revenue of HKD 1.2 billion for the fiscal year ending December 31, 2021, representing a year-over-year increase of 15%[9]. - The company recorded revenue of HKD 6,800,000,000 for the year, an increase from HKD 4,942,000,000 in the previous year, representing a growth of approximately 37.6%[47]. - The profit for the year was HKD 94.4 million, down from HKD 143.8 million in 2020, indicating a decline of about 34.3%[157]. - The profit attributable to shareholders was HKD 77,400,000, compared to HKD 124,100,000 in the previous year, reflecting a decrease of approximately 37.6%[47]. - The company anticipates a revenue growth of 10% for the upcoming fiscal year, projecting total revenue to reach HKD 1.32 billion[33]. - Revenue for the year was HKD 6,799.8 million, a significant increase from HKD 4,941.7 million in 2020, representing a growth of approximately 37.6%[157]. Market Expansion and Growth Initiatives - User data showed an increase in active projects, with a total of 150 ongoing projects as of the end of 2021, up from 130 in the previous year, indicating a growth of approximately 15%[9]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share in the region by 2025[9]. - The company is exploring market expansion opportunities in Southeast Asia, targeting a 30% increase in market share within the next two years[33]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[79]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance the company's operational capacity by 30%[9]. - A strategic acquisition of a local competitor is under consideration, which could enhance the company's service offerings and customer base[33]. - A strategic acquisition of a local competitor is anticipated to enhance operational capabilities and is expected to close by Q3 2023[79]. Product Development and Innovation - New product development initiatives include the launch of a sustainable construction material, expected to contribute an additional HKD 200 million in revenue by 2023[9]. - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on sustainable technology solutions[33]. - Research and development expenses increased by 30%, totaling HKD 150 million, to support innovation in product offerings[79]. - The company plans to invest in zero-carbon and climate change technologies, robotics, and digitalization of infrastructure[62]. Financial Management and Governance - The board has proposed a final dividend of HKD 0.50 per share for the fiscal year 2021, reflecting a payout ratio of 40%[9]. - The company plans to distribute a final dividend of HKD 0.0275 per share, down from HKD 0.04 per share in the previous year[48]. - The company has adopted a dividend policy that considers financial performance, cash flow, and future operational and profitability needs[132]. - The company’s financial performance and cash flow status are critical factors in determining dividend declarations[132]. - The board consists of four executive directors and four independent non-executive directors, ensuring a balanced governance structure[95]. - The company has established three key committees to enhance oversight and management of business risks[93]. Sustainability and Corporate Responsibility - The management emphasized a commitment to sustainability, with plans to reduce carbon emissions by 30% by 2025 through various initiatives[9]. - The company aims to create an environmentally friendly enterprise, focusing on energy conservation and encouraging the recycling of office supplies and materials[144]. - The company is actively involved in community affairs and has had members participate in various committees and boards[73]. Operational Efficiency and Cost Management - The company plans to invest HKD 100 million in technology upgrades to improve project management efficiency by 25% over the next two years[9]. - The company aims to improve operational efficiency, targeting a reduction in costs by 5% through process optimization[79]. - The company is hedging against potential market shifts related to inventory levels to avoid losses amid ongoing supply chain disruptions[51]. Audit and Compliance - The independent auditor's report confirms that the consolidated financial statements present a true and fair view of the group's financial position as of December 31, 2021[193]. - Key audit matters include the assessment of management's significant judgments related to revenue recognition from construction contracts[195]. - The group has implemented controls over the accounting and estimation processes for contract revenue and costs[200]. - The Audit Committee held two meetings during the year to review the financial statements and internal controls, ensuring compliance with accounting standards[119]. Shareholder Engagement - The company encourages shareholders to attend the annual general meeting, where the chairman and committee members respond to shareholder inquiries[139]. - The company has established procedures for shareholders to propose agenda items for meetings, requiring written notice to be submitted in advance[138]. - The independent shareholders approved the related transactions at special general meetings[175][176].

Financial Performance - The company recorded revenue of HKD 3,004,000,000 for the six months ended June 30, 2021, compared to HKD 2,177,000,000 in 2020, representing an increase of approximately 38%[18] - Net profit for the period was HKD 17,400,000, down from HKD 60,600,000 in 2020, indicating a decline of about 71%[18] - Profit attributable to equity holders was HKD 8,500,000, a decrease of approximately 84% from HKD 52,300,000 in the previous year[18] - The company received government subsidies of HKD 2,200,000 during the period, significantly lower than the HKD 15,100,000 received in the previous year[18] - The company did not declare an interim dividend for the six months ended June 30, 2021, consistent with the previous year[19] - Basic and diluted earnings per share for the period were HKD 0.014, compared to HKD 0.088 in the previous year[46] - Other income for the six months was HKD 329, significantly lower than HKD 3,004 in the same period last year[46] - Financial expenses for the period were HKD 7,607, slightly higher than HKD 7,334 in 2020[46] - The company reported a pre-tax profit of HKD 33,693,000 for the six months ended June 30, 2021, compared to a profit of HKD 77,766,000 in the same period of 2020[105] - Total tax expense for the first half of 2021 is HKD 16,340,000, slightly down from HKD 17,176,000 in the same period last year[141] Revenue Breakdown - Revenue from plastic and chemical products trading was HKD 285,000,000, up from HKD 182,000,000 in 2020, with operating profit improving to HKD 12,900,000 from a loss of HKD 1,400,000[20] - Shun Cheong Investments Limited contributed revenue of HKD 1,134,000,000, an increase from HKD 905,000,000 in 2020, but operating profit decreased to HKD 35,400,000 from HKD 41,100,000[21] - The aviation business generated revenue of HKD 168,000,000, an increase from HKD 99,000,000 in 2020, with an operating profit of HKD 5,900,000 compared to HKD 3,300,000 in the previous year[26] - Revenue from external customers in the plastic and chemical raw materials segment was HKD 284,630,000, while the building-related contracting services segment generated HKD 1,133,730,000[1] - Total revenue from customer contracts reached HKD 3,004,020,000, with significant contributions from construction services at HKD 2,623,728,000[107] - Revenue from sales to external customers was HKD 284,630,000 for plastic and chemical raw materials, reflecting a diverse revenue stream[107] Assets and Liabilities - The company’s total interest-bearing debt was HKD 521,100,000, an increase from HKD 451,300,000 at the end of 2020, with a debt ratio of 26.2%[30] - Cash and cash equivalents totaled HKD 549,600,000 as of June 30, 2021, up from HKD 417,900,000 at the end of 2020[30] - Non-current assets increased to HKD 1,245,152,000 from HKD 1,238,407,000, reflecting a growth of approximately 0.6%[52] - Current assets rose to HKD 3,181,205,000, up from HKD 3,041,930,000, indicating an increase of about 4.6%[52] - Total current liabilities increased to HKD 2,093,846,000 from HKD 1,916,038,000, representing a rise of approximately 9.3%[52] - Net current assets decreased to HKD 1,087,359,000 from HKD 1,125,892,000, showing a decline of about 3.4%[52] - Total assets less current liabilities amounted to HKD 2,332,511,000, down from HKD 2,364,299,000, a decrease of approximately 1.3%[52] - Trade receivables decreased to HKD 617,727,000 from HKD 830,873,000, indicating a decline of approximately 25.6%[52] - The company reported a total equity of HKD 2,123,227,000, slightly down from HKD 2,132,333,000, a decrease of about 0.4%[55] - The company’s goodwill remained stable at HKD 14,369,000, unchanged from the previous period[52] Operational Insights - The company plans to develop new products to enhance competitiveness in the market[20] - The company anticipates that price pressures due to supply-demand mismatches will be temporary[20] - The company plans to enhance its technical capabilities and expand its drilling department to develop new business in laboratory and field testing[25] - The company is focusing on strategic acquisitions to bolster its service offerings and market share in the construction sector[1] - The company remains cautiously optimistic about its medium to long-term performance despite the challenging environment[42] - The construction segment is facing increased competition and tightening profit margins, while bidding opportunities are steadily increasing[42] - The company anticipates that local government investments in infrastructure and public housing will create more opportunities for the construction industry in the medium to long term[42] Employee and Management - The company employed approximately 1,716 employees as of June 30, 2021, with compensation reviewed annually based on market rates and individual performance[35] - Employee benefits expenses rose to HKD 507,106,000, compared to HKD 435,472,000 in the previous year, reflecting a 16.5% increase[136] - The total remuneration for key management personnel for the six months ended June 30, 2021, was HKD 68,506,000, up from HKD 66,705,000 in the same period of 2020, reflecting an increase of 2.7%[159] Shareholder Information - The company reported a total of 438,334,216 shares held by Dr. Wang Shih-Wing, representing 73.68% of the issued share capital as of June 30, 2021[183] - The company’s major shareholders include Enhancement Investments Limited, which holds 243,244,521 shares, representing 40.89% of the issued share capital[188] - The company has complied with all relevant provisions of the Corporate Governance Code during the six months ended June 30, 2021, except for specific provisions regarding the appointment and rotation of non-executive directors[178] - The company has adopted the standard code for securities transactions by directors and confirmed compliance by all directors during the six months ended June 30, 2021[177] Market and Economic Conditions - The unemployment rate in Hong Kong decreased to 5.0% from a high of 7.2% recorded between December 2020 and February 2021[41] - The Hong Kong market contributed HKD 2,632,295,000 to total revenue, representing a substantial portion of the overall income[107] - Revenue from the mainland China, Macau, and other regions totaled HKD 371,725,000, highlighting opportunities for market expansion[107]

Financial Performance - The company reported a comprehensive income for the year ending December 31, 2020, with a total revenue of HKD 1.2 billion, representing a year-on-year increase of 15%[9] - The net profit for the year was HKD 150 million, which is a 10% increase compared to the previous year[9] - The company reported a significant increase in revenue, reaching HKD 2.08 million for the year, reflecting a growth of 10% compared to the previous year[49] - The company reported revenue of HKD 4,942,000,000 for the year, a decrease of 5.3% from HKD 5,220,000,000 in 2019[57] - Net profit remained stable at HKD 143,800,000, unchanged from the previous year[57] - Profit attributable to owners decreased to HKD 124,100,000 from HKD 131,000,000, reflecting a decline of 5.3%[57] - The company reported revenue of HKD 1,553,000,000 for the year, an increase of 19.1% from HKD 1,304,000,000 in 2019[66] - Operating profit was HKD 85,000,000, up from HKD 68,100,000 in 2019, reflecting a growth of 24.8%[66] - The company reported a significant increase in revenue, achieving a total of HKD 70 billion for the fiscal year, representing a growth of 15% year-over-year[92] Market Expansion and Strategy - User data indicated a growth in active clients by 20%, reaching a total of 50,000 clients by the end of 2020[9] - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[9] - The company is actively seeking to expand its market presence and explore new business opportunities in the construction sector[49] - The company is actively pursuing market expansion in Southeast Asia, targeting a 20% increase in market share within the next two years[92] - Recent acquisitions have strengthened the company's portfolio, adding HKD 3 billion in assets and enhancing operational capabilities[92] Research and Development - New product development initiatives are underway, with an investment of HKD 50 million allocated for R&D in 2021[9] - The company has invested HKD 1 billion in research and development for new technologies aimed at improving efficiency and customer experience[92] - New product launches are expected to contribute an additional HKD 5 billion in revenue, with a focus on innovative technology solutions[92] Corporate Governance - The company is committed to enhancing corporate governance practices, with a new compliance framework set to be introduced in 2021[9] - The company has established a strong governance structure with independent directors actively participating in decision-making processes[50] - The company is committed to maintaining compliance with the Hong Kong Stock Exchange's voting regulations during shareholder meetings[45] - The board has proposed a final dividend of HKD 0.05 per share, reflecting a payout ratio of 30% of the net profit[9] - The board of directors has implemented new governance measures to ensure compliance and transparency, aligning with best practices[105] - The company has adopted a standard code for securities trading by directors, confirming that all directors complied with the code throughout the fiscal year ending December 31, 2020[127] Financial Position and Debt - The total interest-bearing debt of the group as of December 31, 2020, was HKD 451.3 million, an increase from HKD 315 million in 2019[157] - 86.8% of the interest-bearing debt, amounting to HKD 391.5 million, was classified as current liabilities[157] - The group's current ratio as of December 31, 2020, was 1.6, slightly down from 1.7 in 2019[157] - The debt-to-equity ratio as of December 31, 2020, was 22.5%, up from 16.3% in 2019[158] - The group has a total of HKD 1.953 billion in unused financing available for working capital and trade financing as of December 31, 2020[158] Employee and Director Information - The company employed approximately 1,960 employees as of December 31, 2020, with annual salary reviews based on market rates and individual performance[164] - The board of directors includes Lin Binglin and Zhan Boluo, both of whom are eligible for re-election at the annual general meeting[50] - Lin Binglin has a salary and allowances totaling HKD 2,080,000, which is determined based on his position and responsibilities[48] - Zhan Boluo has extensive experience in engineering and has previously overseen projects worth HKD 70 billion, including major railway expansions[51] Shareholder Information - The company has no fixed-term service contracts with its directors, allowing for flexibility in governance[48] - The company holds approximately 73.68% equity held by beneficial owners associated with the chairman, ensuring strong investment protection[114] - At least 25% of the company's issued shares are held by the public[198] - The major shareholder, Dr. Wang Shih-Wing, is deemed to have interests in 173,093,695 shares held through various controlled companies[197] Compliance and Risk Management - The internal audit team regularly reviews risk management and internal control systems to ensure they meet the dynamic business environment[138] - The company emphasizes compliance with insider trading policies and provides updates to relevant employees[138] - The audit committee has held regular meetings to review and supervise the financial reporting process and internal controls, including a review of the financial results for the six months ending June 30, 2020, and the full year ending December 31, 2020[129]