TYSAN HOLDINGS LIMITED 泰昇集團控股有限公司 （於百慕達註冊成立之有限公司） （股份代號 : 687） 年報 2024 2024 Annual Report 年報 TYSAN HOLDINGS LIMITED 泰昇集團控股有限公司 目 錄 | | 頁次 | | --- | --- | | 主席報告 | 2 | | 董事及高級管理人員簡介 | 5 | | 企業管治報告 | 9 | | 董事局報告 | 32 | | 獨立核數師報告 | 43 | | 經審核財務報表 | | | 綜合損益表 | 48 | | 綜合全面收益表 | 49 | | 綜合財務狀況表 | 50 | | 綜合權益變動表 | 52 | | 綜合現金流量表 | 54 | | 財務報表附註 | 56 | | 公司資料 | 124 | 1 年報 2024 本人欣然呈報泰昇集團控股有限公司（「本公司」）連同其附屬公司（「本集團」）截至二零二四年十二月三十一日 止年度之年報。於回顧年內，本集團錄得本公司權益持有人應佔溢利4,100萬港元，相等於每股本公司股份 （「股份」）盈利1.21港仙（二零二三年十二月三十一日：本公司權益持有人應佔 ...

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 2,402,834, a decrease of 11.1% compared to HKD 2,703,266 for the year ended December 31, 2023[3] - Gross profit for the year was HKD 82,244, representing a significant increase of 30.2% from HKD 63,140 in the previous year[3] - Net profit for the year was HKD 40,793, a turnaround from a loss of HKD 13,038 in the previous year[4] - Basic earnings per share for the year was HKD 1.21, compared to a loss per share of HKD 0.39 in the previous year[3] - Revenue from construction services for 2024 was HKD 2,402,701, a decrease of 11.1% from HKD 2,703,266 in 2023[20] - The pre-tax profit for the group was HKD 40,793, compared to a loss of HKD 13,038 in 2023, indicating a significant turnaround[25] Assets and Liabilities - Total assets decreased to HKD 1,341,014 from HKD 1,404,403 in the previous year, reflecting a decline of 4.5%[6] - Current assets increased slightly to HKD 1,674,916 from HKD 1,642,154, showing a growth of 2.0%[6] - Non-current liabilities decreased to HKD 101,790 in 2024 from HKD 121,071 in 2023, representing a reduction of approximately 16%[7] - The company's total assets amounted to HKD 1,915,493 in 2024, slightly down from HKD 1,914,834 in 2023[12] - The company's equity totalled HKD 1,239,224 in 2024, down from HKD 1,283,332 in 2023, reflecting a decline of approximately 3.4%[7] - The group's total liabilities amounted to approximately HKD 676 million, up from HKD 632 million the previous year, with financial liabilities of about HKD 433 million[36] Cash Flow and Investments - Cash and cash equivalents rose significantly to HKD 731,489, up from HKD 568,303, marking an increase of 28.7%[6] - Capital expenditure for 2024 was HKD 27,720, a decrease from HKD 61,586 in 2023[12] - Capital expenditures for the year were approximately HKD 28 million for the purchase of machinery and equipment, with capital commitments related to these purchases amounting to about HKD 2 million[39] Trade and Receivables - Trade receivables increased to HKD 148,162 from HKD 125,111, representing an increase of 18.4%[6] - Trade payables totaled HKD 253,154 in 2024, an increase from HKD 220,498 in 2023, representing a rise of 14.8%[28] - Trade receivables at the end of the reporting period amounted to HKD 148,162, up from HKD 125,111 in 2023, reflecting a growth of 18.4%[27] - The average credit period granted to trade customers is 30 days, subject to regular management review[26] Future Outlook and Strategy - The company plans to focus on new product development and market expansion strategies in the upcoming fiscal year[3] - The company plans to continue focusing on property development and investment as part of its growth strategy[9] - The outlook for the construction industry in 2025 is challenging due to slow economic recovery and unfavorable real estate market conditions, but government-led large-scale projects are expected to create new opportunities[35] Corporate Governance and Compliance - The company has adhered to the corporate governance code as of December 31, 2024, with the exception of certain deviations regarding the attendance of independent non-executive directors at the annual general meeting[45] - The company has adopted the standard code for securities trading as per the listing rules, confirming compliance as of December 31, 2024[46] - The audit committee consists of four independent non-executive directors who reviewed the accounting principles and practices adopted by the group, including the consolidated performance and financial statements for the year ending December 31, 2024[47] - The independent auditor, Ernst & Young, has agreed that the figures in the preliminary announcement align with the group's consolidated financial statements for the year ending December 31, 2024[49] Dividends and Shareholder Returns - The proposed final dividend for 2024 is HKD 0.025 per share, an increase from HKD 0.015 per share in 2023[31] Employment and Compensation - The group employed 733 employees as of December 31, 2024, with compensation guidelines based on current market salary levels[42]

TYSAN HOLDINGS LIMITED 泰 昇 集 團 控 股 有 限 公 司 (於百慕達註冊成立之有限公司) (股份代號 : 687) | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------|-----------|------------------|-------|-------|-------|-------|-----------------------------------------|---------------------------------------|-------|-------------------------------------------------------------------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | ...

Financial Performance - The group recorded a revenue of HKD 1.009 billion for the six months ended June 30, 2024, compared to HKD 1.426 billion for the same period in 2023, representing a decrease of approximately 29.3%[2] - The profit attributable to ordinary shareholders was approximately HKD 11 million, a significant improvement from a loss of HKD 41 million in the same period last year[2] - Revenue for the six months ending June 30, 2024, was HKD 1,009,389,000, a decrease of 29.2% from HKD 1,425,958,000 in 2023[12] - Gross profit for the same period was HKD 31,093,000, compared to a gross loss of HKD 1,851,000 in 2023[12] - The company reported a profit of HKD 10,704,000 for the six months ending June 30, 2024, compared to a loss of HKD 41,422,000 in the previous year[12] - Basic and diluted earnings per share for the period were HKD 0.32, recovering from a loss of HKD 1.23 per share in 2023[12] - The company reported a net profit of HKD 10,704,000 for the six months ended June 30, 2024, compared to a net loss of HKD 41,422,000 in the same period of 2023, indicating a significant turnaround[22][29] - The company incurred a pre-tax loss of HKD 34,898,000 for the six months ended June 30, 2023, while for the same period in 2024, it reported a pre-tax profit of HKD 10,373,000, showing a substantial improvement[22][26] Cash and Assets - As of June 30, 2024, the group had cash on hand of approximately HKD 689 million, down from HKD 747 million as of December 31, 2023[4] - Total assets and net assets were approximately HKD 1.795 billion and HKD 1.243 billion, respectively, as of June 30, 2024, compared to HKD 1.915 billion and HKD 1.283 billion as of December 31, 2023[4] - Cash and cash equivalents as of June 30, 2024, were HKD 369,318,000, a decrease from HKD 568,303,000 at the end of 2023[14] - Total assets less current liabilities as of June 30, 2024, amounted to HKD 1,347,705,000, a decrease from HKD 1,404,403,000 as of December 31, 2023[15] - The company's total equity attributable to ordinary shareholders was HKD 1,242,978,000, down from HKD 1,283,332,000 as of December 31, 2023[16] Liabilities and Contingent Liabilities - The group’s contingent liabilities related to performance guarantees decreased from approximately HKD 332 million as of December 31, 2023, to approximately HKD 324 million as of June 30, 2024[8] - Non-current liabilities decreased to HKD 104,727,000 from HKD 121,071,000 in the previous year[15] - The company’s total liabilities decreased to HKD 1,017,692,000 for the six months ended June 30, 2024, from HKD 1,428,620,000 in the same period of 2023, reflecting a reduction of approximately 29%[21][23] - Total accounts payable amounted to HKD 183,697,000 as of June 30, 2024, down from HKD 220,498,000 as of December 31, 2023, representing a decrease of approximately 16.7%[32] - Warranty payables were reported at HKD 50,851,000 as of June 30, 2024, compared to HKD 56,050,000 as of December 31, 2023, indicating a decline of about 9.3%[32] - Provisions were recorded at HKD 13,609,000 as of June 30, 2024, compared to HKD 17,938,000 as of December 31, 2023, showing a reduction of around 24.8%[32] - The total liabilities, including provisions, amounted to HKD 385,520,000 as of June 30, 2024, down from HKD 435,065,000 as of December 31, 2023, a decrease of approximately 11.4%[32] - Performance guarantees related to construction projects were HKD 324,420,000 as of June 30, 2024, compared to HKD 332,469,000 as of December 31, 2023, a decrease of about 2.4%[34] Employee and Compensation - The group employed approximately 752 employees as of June 30, 2024, with compensation guidelines based on current market salary levels[9] Dividends - The company declared an interim dividend of HKD 0.01 per share for the six months ending June 30, 2024, compared to no dividend for the same period in 2023[10] - The company declared an interim dividend of HKD 0.01 per share for the six months ended June 30, 2024, totaling approximately HKD 33,660,000, compared to no dividend declared in the same period of 2023[27][28] Capital Expenditures - Capital expenditures for the six months ended June 30, 2024, amounted to approximately HKD 20 million for the purchase of machinery and equipment[6] Governance and Compliance - The company has adhered to the corporate governance code as per the listing rules, with a noted absence of two non-executive directors at the annual general meeting[35] - The audit committee, consisting of four independent non-executive directors, has reviewed the interim financial statements for the six months ending June 30, 2024[36] - The company has confirmed compliance with the standard code for securities trading by directors during the review period[37] - There were no purchases, sales, or redemptions of the company's listed securities during the reporting period[38] Other Income and Gains - Interest income increased to HKD 14,380,000 for the six months ended June 30, 2024, compared to HKD 10,625,000 in the same period of 2023, reflecting a growth of about 35%[25] - The total other income and gains for the six months ended June 30, 2024, amounted to HKD 22,683,000, up from HKD 13,287,000 in the same period of 2023, marking an increase of approximately 71%[25]

TYSAN HOLDINGS LIMITED 泰 昇 集 團 控 股 有 限 公 司 (於百慕達註冊成立之有限公司) (股份代號 : 687) | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|---------------|-------|-------|-------|-------|-------|-------|-------|-------|-------|-------|-----------|-------|-------------|-------|-----------------------------------|--------------|-----------|-------|-------| | | | | | | | | | | | | | | | | | 00000 \n00000 | | 000000000 | | | | | | | ■ | | | | ...

泰昇集團控股有限公司 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 就 因 本 公 告 全 部 或 任 何 部 份 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 （於 百 慕 達 註 冊 成 立 之 有 限 公 司） （股 份 代 號：687） 泰昇集團控股有限公司（「本 公 司」）董事局（「董 事 局」）欣然公佈本公司及其附屬 公 司（「本 集 團」）截 至 二 零 二 三 年 十 二 月 三 十 一 日 止 年 度 之 綜 合 業 績，連 同 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 之 比 較 數 字 如 下： – 1 – 二零二三年 二零二二年 千港元 千港元 其他全面開支 | --- | --- | --- | |------------------------------------------|----------|-- ...

公司秘書 核數師 法律顧問 公司資料 泰昇集團控股有限公司 董事局 執行董事 馮潮澤先生（副主席） 趙展鴻先生 劉健輝先生 非執行董事 韋增鵬先生（主席） Vikram GARG先生 袁栢汶先生 顧頁女士 侯祥嘉女士 獨立非執行董事 龍子明先生 李傑之先生 郭敏慧女士 審核委員會 李傑之先生（主席） 龍子明先生 郭敏慧女士 薪酬委員會 龍子明先生（主席） 韋增鵬先生 馮潮澤先生 袁栢汶先生 李傑之先生 郭敏慧女士 提名委員會 韋增鵬先生（主席） 馮潮澤先生 袁栢汶先生 龍子明先生 李傑之先生 郭敏慧女士 財務總監 葉佩珊女士 TYSAN HOLDINGS LIMITED 泰 昇 集 團 控 股 有 限 公 司 (於百慕達註冊成立之有限公司) (股份代號 : 687) | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|----------------------|-------- ...

泰昇集團控股有限公司 （於 百 慕 達 註 冊 成 立 之 有 限 公 司） （股 份 代 號：687） 泰昇集團控股有限公司（「本 公 司」）董 事（「董 事」）局（「董 事 局」）欣然公佈本公司 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綜合 業 績。於 回 顧 期 內，本 集 團 錄 得 營 業 額14.26億港元（截 至 二 零 二 二 年 六 月 三 十 日 止 期 間：10.18億 港 元）及本公司普通股股東應佔虧損約為4,100萬港元（截 至 二 零 二 二 年 六 月 三 十 日 止 期 間：虧 損300萬 港 元），相 當 於 本 公 司 每 股 普 通 股（「股 份」）虧 損1.23港 仙（截至二零二二年六月三十日止期間：每股股份虧損0.08港仙）。 地基打樁 本集團手頭之主要合約包括於啟德第1E區1號地盤的新九龍內地段第6610號、 結志街和嘉咸街內地段第9065號 之 多 項 商 業 及 住 宅 發 展 項 目、於 十 四 鄉 西 沙 大 埔市地段第157號、新 界 第24區的粉嶺上水市地段第278號 的 用 地、第25區的粉 嶺上水市地段第279號的用地 ...

年 內 其 他 全 面 收 益╱（開 支），扣 除 稅 項 (1,924) 632 | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------|-------|-------|-------|-------|------------|------------| | | | | | | | | | | | | | | | | | | | | | | 二零二二年 | 二零二一年 | | | | | | | 千港元 | 千港元 | | | | | | | | | | 物 業、機 器 及 設 備 折 舊 | | | | | 49,726 | 45,820 | | 使用權資產折舊 | | | | | 13,378 | 16,198 | | 應收貿易賬款減值 * | | | | | 1,427 | 1,088 | | | | | | | (693) | | | 合 約 資 產 減 值╱（減 值 撥 ...

TYSAN HOLDINGS LIMITED 泰 昇 集 團 控 股 有 限 公 司 (於百慕達註冊成立之有限公司) (股份代號 : 687) DDDD 0000 0000 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------|-------|--------------|-------|-------|-------|-------|-------|-----------------|-------|-------|-------|-------|---------|----------------------------------|--------------|-------|-------|-------|-------|-------|-------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | ...