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]