Financial Performance - The consolidated revenue for the fiscal year ending March 31, 2023, was HKD 6,686,000,000, remaining stable compared to HKD 6,733,000,000 in the previous year[6]. - The consolidated gross profit decreased to HKD 552,000,000 from HKD 659,000,000, primarily due to the absence of property sales profits from the previous year[6]. - Operating expenses decreased by 15% from HKD 545,000,000 to HKD 461,000,000, attributed to the lack of residential property sales and reduced logistics costs[7]. - The consolidated profit before tax was HKD 68,000,000, down from HKD 86,000,000 in the previous year, mainly due to the previous year's property sales[7]. - The total contracts on hand as of March 31, 2023, amounted to HKD 22,559,000,000, compared to HKD 21,427,000,000 in the previous year[7]. - New contracts obtained during the year totaled HKD 6,517,000,000, a decrease from HKD 9,321,000,000 in the previous year[7]. - The company proposed a final dividend of HKD 0.025 per share, maintaining the same level as the previous year, resulting in a total distribution of HKD 0.05 per share for the year[8]. - The group reported a cash and bank balance of HKD 743 million as of March 31, 2023, down from HKD 1,045 million in 2022, while total borrowings increased to HKD 1.367 billion[32]. - The current ratio as of March 31, 2023, was 1.2, indicating a healthy liquidity position compared to 1.1 in 2022[32]. - The total proposed final dividend for the year ended March 31, 2023, is HKD 0.025 per share, amounting to HKD 10,951,000, unchanged from the previous year[77]. Business Segments and Operations - The building construction and renovation segment reported a revenue increase of 11% to HKD 4,442,000,000, driven by an increase in new contracts[10]. - The total new contracts for the building construction segment were HKD 3,890,000,000, down from HKD 7,288,000,000 in the previous year[10]. - Total revenue increased by 15% year-on-year to HKD 2,616,000,000, with the mechanical, electrical, and plumbing division's profit rising 41% to HKD 66,000,000[14]. - New orders in the mechanical, electrical, and plumbing division reached HKD 2,876,000,000, maintaining a high level of order intake[14]. - The company recorded a loss of HKD 61,000,000 in the building materials supply division due to sales dropping by one-third to HKD 373,000,000[17]. - The company secured new contracts worth HKD 904,000,000, increasing the total contract amount to HKD 1,931,000,000[20]. - The company is focusing on fulfilling existing domestic supply contracts rather than seeking new business due to a 9.5% decline in residential investment in mainland China[20]. - The company has ongoing contracts in various sectors, including public housing development and maintenance, with specific projects extending into 2024 and beyond[39][41]. Innovation and Technology - The company has developed a new MiC design and method to alleviate logistics issues and enhance productivity, which includes the BEANiE platform for managing the entire construction lifecycle[11]. - The company has completed over 4,000 MiC units and aims to exceed 6,000 units upon project completion[12]. - The successful application of MiMEP and various digital technologies has reduced project completion time to 38 days, half of the traditional method's 90 days[16]. - The company is expanding its MiC product range to include innovative and sustainable solutions tailored to client needs[12]. - The company is focusing on green building technologies, Building Information Modeling (BIM), and production automation[50]. - The company has been developing various types of construction robots and AI applications since 2017[50]. - The advanced technology of BEANiE has received multiple industry awards in 2022, including the "BIM Consultant Award - Silver" from the Hong Kong BIM Society[200]. - BEANiE 6.0 utilizes City Information Modeling (CIM) and integrates 5G, sensors, and IoT technology for data transmission to cloud servers[200]. Market and Economic Conditions - Hong Kong's tourism industry has recovered to 49% of pre-pandemic visitor levels, with a target of 25.8 million visitors by the end of the year[22]. - The group expects to complete renovations and reopen a hotel in early next year, showcasing its industry-leading capabilities in Modular Integrated Construction (MiC)[22]. - The group plans to acquire a retail property in Tai Kok Tsui, expected to be confirmed by the end of June 2023, as retail sentiment in Hong Kong improves[22]. - Hong Kong's GDP grew by 2.7% year-on-year in Q1 2023, recovering from a contraction of 4.1% in the previous quarter[25]. - The unemployment rate in Hong Kong has decreased to 3.1%, marking the twelfth consecutive month of decline[25]. Corporate Governance and Social Responsibility - The company emphasizes the importance of corporate governance for sustainable success and shareholder value[103]. - The board believes that a diverse board enhances decision-making and performance quality[110]. - The company has established a risk management framework based on the "three lines of defense" model, which includes operational management, risk management functions, and internal audit[143]. - The company has implemented a robust anti-corruption management system, including training for new employees on integrity[149]. - The company has a corporate social responsibility policy that addresses ethical, environmental, safety, employee, and community issues[168]. - The company is committed to promoting gender equality and will regularly review its gender diversity and set gender ratio targets as appropriate[119]. - The company has established a whistleblowing policy to encourage reporting of misconduct in a confidential manner[150]. Employee and Leadership Development - The group invested significantly in employee training and development, aiming to enhance its attractiveness as an employer and ensure long-term success[34]. - The company aims to maintain competitive compensation packages and performance-based rewards for employees to drive productivity and retention[34]. - The total number of employees as of March 31, 2023, is approximately 3,600, with 78.5% male and 21.5% female[119]. - The management team has extensive experience, with key members holding over 30 years in financial management and engineering sectors[67][69]. - All directors participated in ongoing professional development, with each attending three relevant training sessions during the year[135]. Environmental, Social, and Governance (ESG) Initiatives - Approximately 99.98% of the company's business operations are covered under the environmental, social, and governance (ESG) performance report, which includes around 90 subsidiaries[167]. - The company has committed to reducing carbon emissions and implementing carbon audits as part of its sustainability initiatives[177]. - The board of directors is responsible for overseeing the overall ESG strategy and assessing related performance annually[171]. - The company aims to set measurable environmental targets to reduce greenhouse gas emissions and energy consumption by 2050[182]. - The company is actively participating in the "ESG Charter" initiative, committing to selected ESG areas for implementation[172]. Audit and Compliance - The independent auditor, PwC, has audited the consolidated financial statements and is willing to be reappointed[101]. - The total fees paid to the independent auditor, PricewaterhouseCoopers, for the year ended March 31, 2023, amounted to HKD 5,849,000, compared to HKD 5,092,000 for the previous year[137]. - The Audit Committee held two meetings during the year ended March 31, 2023, to review performance and discuss accounting matters with senior management and independent auditors[122]. - The company has complied with the listing rules, except for the separation of the roles of chairman and CEO, which are held by the same individual[156].

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，並明確表示概不會就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。 * （股份代號：0406） 全年業績 截至二零二三年三月三十一日止年度 概要 本集團於本年度錄得收入6,685,961,000港元（二零二二年：6,732,944,000港元）。 本年度毛利為552,313,000港元（二零二二年：659,228,000港元）。 本年度溢利為47,972,000港元（二零二二年：66,003,000港元）。 每股基本及攤薄盈利約為11.33港仙（二零二二年：15.57港仙）。 ...

Financial Performance - The company recorded revenue of HKD 3,109,305,000 for the six months ended September 30, 2022, a slight decrease of 0.5% compared to HKD 3,124,031,000 in the same period of 2021[5]. - Gross profit for the period was HKD 251,278,000, down 8.1% from HKD 273,462,000 in the previous year[6]. - The company's profit for the period was HKD 21,615,000, a significant decline of 51.7% from HKD 44,724,000 in the same period of 2021[7]. - Basic and diluted earnings per share were approximately HKD 0.0512, compared to HKD 0.1041 in the previous year, reflecting a decrease of 50.9%[8]. - Operating profit for the six months ended September 30, 2022, was HKD 38,891,000, a decrease of 31.9% compared to HKD 57,054,000 in the same period last year[24]. - The net profit before tax for the period was HKD 30,000,000, compared to HKD 52,000,000 in the same period last year[85]. - Net profit attributable to equity holders was HKD 22,449, down 50.7% from HKD 45,581 in the previous year[61]. Assets and Liabilities - As of September 30, 2022, the net asset value attributable to equity holders was HKD 1,448,839,000, down from HKD 1,541,475,000 as of March 31, 2022[8]. - Total assets decreased to HKD 4,506,709,000 from HKD 4,737,458,000 as of March 31, 2022, indicating a decline of 4.9%[15]. - Total liabilities decreased to HKD 3,058,822,000 from HKD 3,196,101,000, reflecting a reduction of 4.3%[18]. - The total outstanding contracts increased by 21% to HKD 25,991,000,000 as of September 30, 2022[86]. - The total bank loans as of September 30, 2022, amounted to HKD 1,190,235,000, down from HKD 1,318,480,000 as of March 31, 2022[74]. - The total borrowings of the group as of September 30, 2022, were HKD 1,190 million, a decrease from HKD 1,318 million as of March 31, 2022[93]. Cash Flow and Investments - Cash flow from operating activities resulted in a net cash outflow of HKD 202,974,000, compared to a net cash inflow of HKD 420,674,000 in the previous year[24]. - Total cash and cash equivalents at the end of the period were HKD 610,012,000, down from HKD 752,456,000 at the end of the previous year[26]. - The net cash generated from investing activities was HKD (13,995,000), a decrease from HKD 10,026,000 in the prior year[26]. - The company incurred a loss of HKD 30,787,000 from the purchase of property, plant, and equipment, which increased from HKD 15,287,000 in the prior year[26]. - Cash and bank balances decreased to HKD 477,874 from HKD 928,138, a drop of 48.6%[66]. Revenue Breakdown - Revenue from construction was HKD 1,879,748,000, down 11.3% from HKD 2,117,594,000 in the previous year[42]. - Revenue from mechanical and electrical installation was HKD 1,171,732,000, an increase of 36.5% from HKD 857,827,000 in the previous year[42]. - Revenue from building materials supply was HKD 42,144,000, a significant decrease of 65% from HKD 120,440,000 in the previous year[42]. - Other income for the six months ended September 30, 2022, was HKD 8,403,000, down 49.3% from HKD 16,586,000 in the previous year[51]. Dividends and Shareholder Information - The company declared an interim dividend of HKD 10,951,000, unchanged from the previous year[10]. - The group declared an interim dividend of HKD 0.025 per share for the six months ended September 30, 2022, consistent with the previous year[101]. - Mr. Huang Yiqiang holds 267,642,599 shares, representing 61.10% of the company's equity[103]. - As of September 30, 2022, no major shareholders were identified holding 5% or more of the issued share capital[106]. Risk Management and Compliance - The company has not made any significant changes to its risk management policies since the end of the fiscal year[39]. - The group continues to engage in various financial risk factors, including market risk, credit risk, and liquidity risk[38]. - The company has not adopted any new accounting standards that would significantly impact its financial performance or position[34]. - The audit committee reviewed the accounting principles and practices adopted by the group, including the unaudited interim results[108]. - The company has adopted the principles and code of corporate governance as set out in Appendix 14 of the Listing Rules[109]. Operational Highlights - The company provided performance guarantees to customers totaling approximately HKD 631,381,000 as of September 30, 2022, up from HKD 418,394,000 as of March 31, 2022[78]. - The company received multiple awards at the 2022 Building Information Modeling Achievement Awards, recognizing its excellence in BIM technology[88]. - The group has developed a patented Modular Integrated Construction (MiC) system and launched several AI-assisted solutions and digital tools to enhance project performance[99]. - The company anticipates that the annual revenue from construction materials supply will be lower than last year and the original budget due to ongoing supply chain challenges[84]. - The group employed approximately 3,500 employees as of September 30, 2022, an increase from 3,200 employees as of March 31, 2022[95].

Financial Performance - The company recorded revenue of HKD 6,733,000,000, slightly down from HKD 6,795,000,000 last year[12] - The consolidated gross profit increased by 15% to HKD 659,000,000, with improved profit margins in the construction segment[12] - Total operating expenses rose to HKD 545,000,000 from HKD 430,000,000, primarily due to increased employee costs and marketing expenses for property sales[13] - The consolidated profit before tax decreased to HKD 86,000,000 from HKD 163,000,000, largely due to non-recurring subsidies and provisions for joint venture investments[13] - The total order book stood at HKD 21,427,000,000, down from HKD 23,953,000,000, with new contracts amounting to HKD 9,321,000,000, a 106% year-on-year increase[14] - The company achieved a net cash inflow of HKD 700,000,000 from the sale of residential units at L•Living 23[14] - The net debt to equity ratio improved from 0.41 to 0.17, indicating strengthened financial stability[14] - The company reported a cash and bank balance of HKD 1,045 million as of March 31, 2022, up from HKD 728 million in the previous year[35] - Total borrowings decreased to HKD 1,318 million from HKD 1,711 million year-on-year, primarily due to loan repayments from completed projects[35] - The company maintains a current ratio of 1.1 as of March 31, 2022, indicating a healthy financial position and sufficient liquidity[35] Construction Segment Performance - The construction segment generated total revenue of HKD 3,993,000,000, a decrease of 25% due to project completions and disruptions caused by the pandemic[16] - New contracts in the construction segment increased to HKD 7,288,000,000, three times higher than the previous year's HKD 1,635,000,000[16] - The total value of uncompleted contracts as of March 31, 2022, was HKD 21,427,000,000, down from HKD 23,953,000,000 in 2021[38] - The group completed contracts in the building construction and renovation segment valued at HKD 14,210,000,000 for the year ended March 31, 2022[39] Dividends and Shareholder Returns - The proposed final dividend is HKD 0.025 per share, totaling HKD 0.05 per share for the year, pending shareholder approval[15] - The company declared an interim dividend of HKD 0.025 per share for the year ended March 31, 2022, compared to HKD 0.01 per share in 2021[77] - The proposed final dividend for the year ended March 31, 2022, is HKD 0.025 per share, down from HKD 0.068 per share in 2021, totaling HKD 10,951,000 compared to HKD 29,788,000 in the previous year[77] - The company considers various factors, including financial performance and cash flow forecasts, when determining dividend payments, which may vary each year[154] - The board regularly reviews the frequency and amount of dividends to assess their appropriateness[156] Technological Innovation and Development - The company launched three AI-driven solutions aimed at addressing major safety concerns on construction sites, enhancing its focus on environmental and AI solutions for sustainable growth[23] - The company has developed the third generation of its BIM blockchain digital platform, BEANiE 3.0, which includes logistics and fleet monitoring modules[19] - The company has successfully launched Hong Kong's first concrete Modular Integrated Construction (MiC) method, utilized in government housing projects[50] - The company is actively developing various types of construction robots and AI applications for the construction industry since 2017[50] - The construction business continues to utilize Modular Integrated Construction (MiC) and BEANiE technology, enhancing traceability and transparency[192] Community Engagement and Social Responsibility - The company is actively participating in community affairs, having renovated three community isolation facilities during the fifth wave of the pandemic[21] - The company has been operating under its Corporate Social Responsibility Policy since 2012, focusing on ethical, environmental, safety, employee, and community responsibilities[168] - The company has established a clear management structure for integrating ESG policies into its operations, with responsibilities defined at all levels[171] - The company is committed to maintaining a diverse board and considers stakeholder needs in decision-making processes[185] Governance and Risk Management - The company emphasizes that corporate governance is fundamental to its ongoing success and shareholder value enhancement[105] - The board of directors consists of four executive directors and three independent non-executive directors, ensuring a balance of power and independence in decision-making[106] - The company has established a risk management framework based on the widely accepted "three lines of defense" model, which includes operational management and internal controls as the first line, risk management functions as the second line, and internal audit assurance as the third line[145] - The risk management process includes four procedures: identification, assessment, monitoring, and reporting, with the risk register being reviewed at least annually to ensure effective risk management[149] - The internal control system is reviewed annually, with findings reported to the corporate governance committee, ensuring the effectiveness of risk management and internal controls[152] Environmental, Social, and Governance (ESG) Initiatives - The group presented its seventh Environmental, Social, and Governance (ESG) report, covering approximately 80 subsidiaries, which represents about 99.98% of its business scope[167] - The board conducts annual assessments of ESG risks, considering economic, political, and social uncertainties, as well as market and climate change impacts[170] - The board is committed to managing climate-related risks, identifying potential financial losses and operational inefficiencies due to environmental policies[175] - Stakeholder engagement is an ongoing process, with regular feedback collected to understand expectations and concerns regarding ESG issues[177] Employee and Management Development - The group employed approximately 3,200 employees as of March 31, 2022, unchanged from the previous year[37] - The group aims to maintain competitive compensation packages and invests significantly in employee training and development[37] - The management team has extensive experience, with key executives holding over 30 years in their respective fields, enhancing the company's operational capabilities[68][70] - All directors participated in continuous professional development, with each attending three relevant training sessions[139] Market Expansion and Future Outlook - The company anticipates that prefabricated construction will account for over 30% of new buildings in China by 2025, indicating substantial market potential[30] - The company is focusing on expanding its regional and overseas markets while promoting project lifecycle management and virtual design and construction[54] - The company is positioned to leverage its expertise in construction and engineering to capitalize on future market opportunities[73]

Financial Performance - The company recorded revenue of HKD 3,124,031,000 for the six months ended September 30, 2021, a decrease of 8.4% compared to HKD 3,411,607,000 in the same period of 2020[5] - Gross profit for the period was HKD 273,462,000, slightly up from HKD 273,152,000 in 2020, indicating a stable gross margin[6] - Net profit for the period was HKD 44,724,000, down 40.5% from HKD 75,135,000 in the previous year[7] - Basic and diluted earnings per share were approximately HKD 0.1041, compared to HKD 0.1727 in 2020, reflecting a significant decline[8] - Total comprehensive income for the period was HKD 44,724,000, down from HKD 102,041,000 in the same period last year, primarily due to currency exchange differences[13] - The profit before tax for the period was HKD 51,502 thousand, with income tax expenses of HKD 6,778 thousand, resulting in a net profit of HKD 44,724 thousand[55] - The consolidated profit before tax for the period was HKD 52,000,000, down from HKD 85,000,000 in the same period last year[95] Dividends - The company declared an interim dividend of HKD 10,951,000, significantly higher than HKD 4,381,000 in the previous year[10] - The company declared a final dividend of HKD 0.068 per share for the fiscal year, totaling HKD 29,788,000, compared to HKD 6,571,000 in the previous year[68] - The interim dividend was set at HKD 0.025 per share, amounting to HKD 10,951,000, an increase from HKD 4,381,000 in the prior year[68] - The interim dividend declared is HKD 2.50 per share for the six months ended September 30, 2021, compared to HKD 1.00 per share in the previous year, reflecting a significant increase[109] Assets and Liabilities - As of September 30, 2021, the company's net assets attributable to equity holders amounted to HKD 1,494,030,000, up from HKD 1,478,237,000 as of March 31, 2021[8] - Total assets increased to HKD 5,547,152,000 as of September 30, 2021, compared to HKD 5,109,828,000 as of March 31, 2021, indicating growth in asset base[15] - Total liabilities increased to HKD 4,051,914 as of September 30, 2021, compared to HKD 3,629,526 as of March 31, 2021, reflecting a growth of approximately 11.6%[18] - Total equity as of September 30, 2021, is HKD 1,495,238, an increase from HKD 1,480,302 as of March 31, 2021[18] - The company’s total liabilities included bank loans of HKD 1,710,594 thousand[56] - Total borrowings amounted to HKD 1,798,749,000 as of September 30, 2021, compared to HKD 1,710,594,000 at the end of March 2021[83] Cash Flow - Cash and bank balances rose to HKD 1,219,817,000 from HKD 728,119,000, reflecting improved liquidity[15] - Cash generated from operating activities for the six months ended September 30, 2021, was HKD 420,674, down from HKD 628,933 in the previous year[23] - Cash and cash equivalents at the end of the period were HKD 752,456, a decrease from HKD 903,609 at the end of the previous year[25] - The company’s cash and cash equivalents, including short-term deposits, totaled HKD 752,456,000 as of September 30, 2021, up from HKD 650,748,000 at the end of March 2021[77] - The group’s cash and bank balances increased to HKD 1,220,000,000 from HKD 728,000,000 as of March 31, 2021[101] Operational Performance - The company reported a decrease in operating profit to HKD 57,054,000 from HKD 97,314,000 in the previous year, highlighting operational challenges[10] - Operating profit for the six months ended September 30, 2021, was HKD 57,054, a decrease of 41.4% from HKD 97,314 in the same period last year[23] - The construction segment recorded a revenue decrease of approximately 22% due to timing differences in project completions and commencements[94] - The electromechanical installation segment achieved strong sales of HKD 858,000,000, representing a year-on-year increase of 31%[94] - The total operating expenses amounted to HKD 234,000,000, an increase of HKD 41,000,000 year-on-year, primarily due to employee costs[95] Strategic Initiatives - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[28] - The company is investing in digital smart buildings to enhance productivity through better value chain management, focusing on AI, robotics, and virtual design and construction as key development areas[106] - The company is advancing the invention of concrete Modular Integrated Construction (MiC) methods, which shorten construction time, reduce on-site labor, and improve safety, with increasing government support for MiC projects[106] - The company emphasizes innovation as a competitive advantage to address industry challenges and plans to continue developing and adopting new technologies to strengthen its market position[106] Market Conditions - Cost inflation is a significant challenge due to ongoing construction increases and global material shortages, with prices for key materials like steel, cement, and aggregates experiencing severe fluctuations and continuous rises[105] - The government plans to build up to 330,000 public housing units by 2032, providing a strong foundation for future housing development and long-term growth opportunities in the construction industry[105] - The company faces a labor shortage, particularly in skilled professionals, which is expected to worsen as construction projects continue to grow significantly in the foreseeable future[105] Risk Management - The group has not made any significant changes to its risk management policies since the end of the fiscal year[38] - The financial risk factors include market risk (foreign exchange risk and cash flow interest rate risk), credit risk, and liquidity risk, which are detailed in the annual financial statements[37] Corporate Governance - The company has maintained compliance with the corporate governance code, ensuring transparency and striving for optimal returns for shareholders[117] - The chairman and CEO roles are not separated, which the company believes allows for swift and effective decision-making[120]

建築全 生命周期 BIM 2021 年報 本年報採用環保紙印製 地盤工廠化 組裝合成 建築法 目錄 公司資料 2 主席報告 3 管理層討論及分析 9 合約撮要 10 董事及高層管理人員履歷 15 董事局報告 20 企業管治報告 25 環境、社會及管治報告 36 獨立核數師報告 56 綜合損益表 62 綜合全面收入表 63 綜合資產負債表 64 綜合權益變動表 66 綜合現金流量表 67 綜合財務報表附註 69 投資物業一覽表 143 五年財務摘要 144 二零二一年年報 有利集團有限公司2 總辦事處及主要營業地點 審核委員會 提名委員會 企業管治委員會 香港股份登記處及過戶處 註冊辦事處 公司資料 執行董事 香港 九龍灣 常悅道九號 企業廣場 第一座十樓 網址： http://www.yaulee.com http://www.irasia.com/listco/hk/yaulee/ 黃業强（主席） 黃天祥（副主席） 黃慧敏 申振威 陳智思 胡經昌 楊俊文 林國芬 主要銀行 楊俊文（主席） 陳智思 胡經昌 中國銀行（香港）有限公司 法國巴黎銀行香港分行 恒生銀行有限公司 南洋商業銀行有限公司 香港上海滙豐銀行 ...

有 利 集 團 有 限 公 司 Yau Lee Holdings Limited (8888888248公司) 中期報告 2020 建築 | --- | --- | |-----------------|-------| | | | | | | | 全生命周期 | BIM | | 地盤 | | | 工廠化 組裝合成 | | | 建築法 | | 本中期報告採用環保紙印製 公司資料 | --- | --- | |-------------------------------------------------|----------------------------------------------------------------| | | | | 董事局 | 總辦事處及主要營業地點 | | 執行董事 | 香港 九龍灣 | | 黃業强 （主席） 黃天祥 （副主席） 黃慧敏 申振威 | 常悅道九號 企業廣場 第一座十樓 網址： http://www.yaulee.com | | 獨立非執行董事 | http://www.irasia.com/listco/hk/yaulee/ | | 陳智思 胡經昌 | 公司 ...

( 於百慕達註冊成立之有限公司 ) 股份代號 : 0406 | --- | --- | --- | --- | --- | |-------|--------------|-----------------------|-------|-------| | | 年 報 2020 | | | | | | BIM 地盤 | 建築全生命周期 工廠化 | | | | | | 組裝合成 建築法 | | | 本年報採用環保紙印製 | --- | --- | --- | |-------|-------------------------------------------------------------------|---------------| | | 目錄 \n公司資料 | 2 | | | 主席報告 | 3 | | | 管理層討論及分析 | 10 | | | 合約撮要 | 11 | | | 董事及高層管理人員履歷 | 15 | | | 董事局報告 | 20 | | | 企業管治報告 | 25 | | | 環境、社會及管治報告 | 36 | | | 獨立核數師報告 | | | | | 54 | | | 綜合損益表 ...

Financial Performance - The company recorded revenue of HKD 3,237,212,000 for the six months ended September 30, 2019, representing a 31.5% increase from HKD 2,461,439,000 in the same period of 2018[5]. - Gross profit for the period was HKD 244,664,000, slightly down from HKD 244,839,000 in 2018, indicating a marginal decrease of 0.1%[6]. - Net profit for the period was HKD 6,607,000, a decline of 41.5% compared to HKD 11,312,000 in the previous year[7]. - Basic and diluted earnings per share were approximately HKD 0.016, down from HKD 0.0253 in 2018, reflecting a decrease of 36.5%[8]. - The company reported a total comprehensive loss of HKD 36,836,000 for the period, compared to a loss of HKD 68,402,000 in 2018, indicating an improvement[13]. - The company’s operating profit was HKD 33,964,000, a slight increase from HKD 33,715,000 in the previous year, reflecting a growth of 0.7%[11]. - The group recorded a profit before tax of HKD 15,220,000 for the period, compared to a profit of HKD 6,607,000 after tax, indicating a significant improvement in profitability[82][84]. - The net profit before tax for the period was HKD 15,000,000, down from HKD 18,000,000 in the same period last year[137]. Assets and Liabilities - As of September 30, 2019, the company's net asset value attributable to equity holders was HKD 1,336,296,000, down from HKD 1,379,293,000 as of March 31, 2019[8]. - Total assets increased to HKD 5,095,229,000 from HKD 5,042,426,000, showing a growth of 1.05%[16]. - Total liabilities increased to HKD 3,755,277 as of September 30, 2019, compared to HKD 3,659,067 as of March 31, 2019, representing an increase of about 2.6%[18]. - The total assets as of September 30, 2019, amounted to HKD 5,095,229, compared to HKD 5,042,426 as of March 31, 2019, reflecting a growth of approximately 1.05%[18]. - The total borrowings as of September 30, 2019, amounted to HKD 2,315,848,000, compared to HKD 2,338,341,000 as of March 31, 2019, reflecting a slight decrease of approximately 1.0%[124]. - The company’s total liabilities as of September 30, 2019, were HKD 2,315,848,000, compared to HKD 2,338,341,000 as of March 31, 2019, showing a decrease of approximately 1.0%[124]. Cash Flow and Investments - Cash and bank balances stood at HKD 831,710,000, slightly down from HKD 836,838,000 as of March 31, 2019[16]. - Operating cash flow for the six months ended September 30, 2019, was HKD 66,314, compared to a cash outflow of HKD 185,063 in the same period last year[22]. - The company reported a net cash outflow from investing activities of HKD 14,103 for the six months ended September 30, 2019, down from HKD 35,047 in the previous year[24]. - Cash and cash equivalents at the end of the period were HKD 744,504, up from HKD 497,512 in the previous year, indicating a significant increase of approximately 49.7%[24]. Dividends - The company declared an interim dividend of HKD 4,381,000, compared to HKD 6,571,000 in the previous year, a decrease of 33.3%[11]. - The mid-term dividend declared is HKD 0.01 per share, down from HKD 0.015 per share in the previous year[149]. Segment Performance - The construction segment generated revenue of HKD 2,577,756,000, up from HKD 1,811,386,000 in 2018, reflecting a growth of about 42.3%[66]. - The mechanical and electrical installation segment reported revenue of HKD 581,623,000, an increase of 19.5% compared to HKD 486,780,000 in the previous year[66]. - The construction materials supply segment saw a decline in revenue to HKD 23,315,000 from HKD 80,220,000 in the previous year, a decrease of approximately 70.9%[66]. - The group’s hotel operations generated revenue of HKD 41,089,000, down from HKD 55,013,000 in 2018, indicating a decline of about 25.3%[66]. - The group’s operating segments include construction, mechanical and electrical installation, building materials supply, property investment and development, and hotel operations, with the construction segment being the largest contributor to revenue[67]. Accounting and Compliance - The group adopted HKFRS 16 "Leases" on April 1, 2019, resulting in a reclassification of operating leases previously classified under HKAS 17[34]. - The group’s financial performance is subject to the application of HKFRS 9 and HKFRS 16, which may impact future financial results[32]. - The group has not restated comparative information for the period ended March 31, 2019, under the new lease standard[34]. - The group’s accounting policies remain consistent with those applied in the audited consolidated financial statements for the year ended March 31, 2019[41]. Market and Economic Conditions - The Hong Kong economy contracted by 3.2% from July to September, leading to a technical recession[146]. - The group anticipates some controlled operational losses in the early stages of new factory operations due to their large scale[146]. - The Hong Kong government plans to significantly increase basic engineering projects, including public and private housing construction, which may benefit the group[145]. Strategic Initiatives - The group has developed a proprietary platform named BEANiE that utilizes BIM and blockchain technology for digital monitoring and compliance assurance[145]. - The group is developing innovative construction technologies such as MiC, artificial intelligence, and blockchain to enhance performance and returns[146]. - The group has established ten partnerships in mainland China, with two new joint ventures signed in Shandong and Yunnan[146]. - The first precast supply contract in mainland China is for a residential development project in Dongguan, marking a significant entry into the market[146]. Employee and Management - The group employed approximately 2,960 employees as of September 30, 2019, an increase from 2,900 employees as of March 31, 2019[144]. - The chairman and CEO roles are not separated, which allows for swift decision-making[160].

Financial Performance - The consolidated revenue for the year was HKD 5,618,000,000, which is similar to last year's HKD 5,654,000,000, with an adjusted growth of approximately 2% when excluding the impact of new accounting policies[10] - The consolidated gross profit surged by 38% to HKD 544,000,000, up from HKD 393,000,000 in the previous year[11] - The company reported a pre-tax consolidated profit of HKD 40,000,000, down from HKD 51,000,000 last year, largely due to foreign exchange losses[12] - The total revenue for the year was HKD 1,800,000,000, a decrease of HKD 282,000,000 compared to the previous year, primarily due to reduced operations in Macau and delays in several projects[21] - Total sales for the year amounted to HKD 407 million, a decrease of approximately 15% compared to last year, primarily due to project transition periods[27] - The division recorded a loss this year, attributed to fixed indirect costs such as factory and machinery depreciation, which do not change with sales[27] - The company’s distributable reserves as of March 31, 2019, were approximately HKD 914,302,000, a decrease from HKD 926,287,000 in the previous year[82] Contract Awards and New Projects - The total value of new contracts awarded during the year increased significantly by 280% to HKD 4,809,000,000 compared to the previous year[9] - The company secured two new construction projects, with the total value of new contracts approved this year amounting to HKD 4,691,000,000, significantly higher than last year's HKD 404,000,000[14] - New contracts increased by 18% to HKD 2,164,000,000, supported by the expanded environmental engineering team[26] - As of March 31, 2019, the total value of contracts on hand reached HKD 7,411,000,000, paving the way for sustained sales trends[26] - The construction and renovation segment had a contract value of HKD 17,341 million as of March 31, 2019, with HKD 4,691 million received during the year[43] - The electromechanical installation segment reported a contract value of HKD 7,288 million, with HKD 2,164 million received during the same period[43] Operational Highlights - Operating expenses increased by 9% or HKD 41,000,000, primarily due to employee costs and sales expenses related to residential properties[12] - The construction segment recorded annual revenue of HKD 3,957,000,000, which is comparable to last year's HKD 4,017,000,000, with an actual increase of 2% when excluding new accounting standards[13] - The hotel business showed strong performance with a revenue growth of 11% compared to the same period last year, driven by increased occupancy rates and room prices[10] - The average hotel occupancy rate reached a record high of over 95%, benefiting from strong market demand, with an average daily room rate increase of 10%[30] - The average occupancy rate for the hotel industry reached 91.4%, up from 89% last year, driven by a surge in tourist arrivals to approximately 65.1 million, a year-on-year increase of 11.4%[30] Innovation and Technology - The company’s prefabrication plant became the first and only approved multi-storey concrete assembly manufacturer in Hong Kong, showcasing its strength in innovation and construction technology[9] - The company has developed a patented concrete MiC system, which is expected to significantly reduce on-site labor and construction time[17] - The BIM team contributed to the successful completion of a time-sensitive project for the Immigration Department, showcasing the company's capabilities in prefabrication and digital design[18] - GVDC, a subsidiary focused on BIM and VDC solutions, reported a year-on-year revenue growth of 100% and is planning to expand its business in mainland China[19] - The company has introduced an automated parking system, which is expected to be well-received in the market due to the shortage of parking spaces in Hong Kong[23] - The company is developing proprietary automated machinery to improve quality and production rate control, receiving inquiries from competitors[35] Financial Management and Liquidity - As of March 31, 2019, the total cash and bank balances amounted to HKD 837 million, an increase from HKD 782 million in 2018[39] - Total borrowings increased to HKD 2,339 million from HKD 2,248 million in 2018, primarily due to financing for existing construction projects and establishing joint ventures in mainland China[39] - The current ratio as of March 31, 2019, was 1.3, down from 1.5 in 2018, indicating a decrease in liquidity[39] - The total bank financing facilities amounted to HKD 5,295 million, with HKD 2,703 million utilized as of March 31, 2019, compared to HKD 5,173 million and HKD 2,701 million in 2018, respectively[40] - The company maintains a prudent financial management policy, believing its current financial position is ideal and healthy with sufficient liquidity[39] Corporate Governance - The company’s board of directors includes both executive and independent non-executive members, with specific members eligible for re-election at the upcoming annual general meeting[86] - The board consists of four executive directors and three independent non-executive directors, ensuring a balance of power[103] - The company emphasizes the importance of board diversity, considering various factors such as gender, cultural background, and professional experience[108] - The independent auditor, PwC, has expressed willingness to be reappointed for the upcoming term[100] - The Audit Committee is responsible for monitoring the integrity of the company's financial statements and reviewing risk management procedures[116] Sustainability and Corporate Social Responsibility - The company emphasizes sustainable development and corporate social responsibility, with a policy in place since 2012 to guide its efforts[164] - The company has identified 16 key sustainability issues after reviewing stakeholder feedback and industry trends[166] - The company achieved a 20% reduction in carbon intensity compared to 2017[180] - The overall energy consumption in the headquarters decreased by 37%[181] - The company has been recognized for its sustainable operations, receiving the Hong Kong Green Enterprise Award for eight consecutive years[173] Health and Safety - The company maintained a zero fatality rate in 2018, with an accident rate of 8.45 per 1,000 workers, significantly lower than the industry average of 31.4[197] - The company has implemented a health and safety policy that emphasizes high levels of safety awareness and resource investment in safety systems and training[197] - The company has received multiple awards for excellence in health and safety, including the Outstanding Contractor Award in the 2018 Creative Engineering Safety Awards[198] - The company has adopted an artificial intelligence safety inspection system to enhance worker safety during high-altitude operations[200]