ASIA ALLIED INF(00711)

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亚洲联合基建控股(00711) - 翌日披露报表
2024-10-25 12:09
FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別: 股票 狀態: 新提交 公司名稱: 亞洲聯合基建控股有限公司 呈交日期: 2024年10月25日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司(「香港聯交所」)證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露,必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00711 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份(不包括庫存股份)變動 | 庫存股份變動 | | | | | | 事件 | 已發行股份(不包括庫存股份)數 目 | 佔有 ...
亚洲联合基建控股(00711) - 2024 - 年度财报
2024-07-18 11:05
Financial Performance - The professional services segment recorded revenue of HK$852.7 million for the year, down from HK$942.2 million in 2023, indicating a decline of approximately 9.5%[67] - The property development and leasing segment performed worse than the previous fiscal year, with the group currently engaged in three projects, including "128 Waterloo" and "雋薈" in Hong Kong[68] - The non-franchised bus services segment reported a profit of HK$5.4 million, slightly down from HK$5.7 million in 2023, benefiting from increased tourism-related business due to the reopening of borders with Mainland China[70] - The group’s net debt as of March 31, 2024, was approximately HK$2.21 billion, with total borrowings of about HK$3.20 billion, indicating a focus on financial health amid economic uncertainties[75] - The Group's financial position remained stable, primarily relying on internally generated funds and bank borrowings for operations and expansion, supplemented by equity funding when necessary[98] - The Group failed to comply with a financial covenant related to bank loans amounting to HKD 1,091,700,000, which has been classified as current liabilities[99] Strategic Initiatives - Future growth strategies include expanding infrastructure and professional services across Asia, aiming to improve people's quality of life[22] - The company aims to enhance operational efficiency through innovative solutions in infrastructure development[24] - Future product and technology developments are expected to align with market expansion efforts, enhancing competitive advantage[67] - The Group plans to increase support for public infrastructure and livelihood projects while maintaining a cautious approach to cost savings and asset-light strategies[111] - The Group is developing a property management platform utilizing digital twin technology in partnership with the Hong Kong University of Science and Technology, expected to pilot in several shopping malls[106] - The government plans to construct approximately 360,000 public housing units over the next decade, with at least half utilizing modular construction methods, positively impacting the Group's business[111] Client and Market Positioning - The Group has secured a healthy portfolio of clients, including The Hong Kong Jockey Club and Hong Kong Palace Museum, which reflects strong market positioning despite revenue decline[67] - The Group is committed to maintaining a diverse client base to mitigate risks associated with market fluctuations[67] - The group remains optimistic about the medical technology and healthcare business, driven by increasing demand for PET imaging drugs in Hong Kong and the Greater Bay Area, and plans to expand its product offerings[86] - The Group aims to expand its market share in property management through the acquisition of 雅居, leveraging synergies from public-private partnerships[85] Employee and Workforce Management - As of March 31, 2024, the Group had an estimated 6,895 employees, primarily located in Hong Kong, and has implemented a diversity policy to promote a diverse workforce[125] - Employee turnover rate for 2023/24 is 45.6% for males and 33.4% for females, compared to 21.4% and 20.1% respectively in 2022/23[129] - The ratio of male to female employees is 85.1% to 14.9% for 2023/24, compared to 76.0% to 24.0% in 2022/23[129] - The company offers training sponsorships to all full-time permanent employees, promoting continuous learning since 2005[132] - The company has established the "Asia Allied Infrastructure Academy" to provide diverse training programs for sustainable development[134] - The company has launched initiatives such as WomenLeaders@CW and Dream Girls to empower female employees in the construction industry[147] Safety and Health Management - The average safety audit score for the company in 2023 is 87.8%, slightly up from 87.5% in 2022, exceeding the target score of 86%[140] - The company has maintained a zero accident frequency rate in construction work over the past five years, reflecting strong commitment to safety[142] - The organization emphasizes employee health and safety, achieving a zero fatality rate in 2023, maintaining a record of 0 deaths per 1,000 workers[168] - The Group received over 76 safety and health awards this year, demonstrating the effective implementation of occupational safety and health management systems across its various divisions[194] - The Group actively promotes occupational safety awareness and has organized various safety activities, including workshops and community events[200] Sustainability and ESG Commitment - The company emphasizes ESG (Environmental, Social, and Governance) considerations in every decision, highlighting a commitment to sustainability[15] - The Group is committed to sustainability and ESG performance, with a focus on reducing carbon emissions through new building technologies and energy management[116] - The management is committed to stabilizing business performance despite external challenges such as high borrowing rates and inflationary pressures, while closely monitoring market conditions[84] Training and Development - The company integrates ISO 9001, ISO 14001, and ISO 45001 certifications into its quality, environmental, and occupational health and safety management systems[140] - The company has implemented various training programs, including the Women Leaders Program and Building Information Modeling (BIM) Training, to enhance employee skills[159] - The Group has developed an evaluation questionnaire to collect feedback from participants of all meetings, seminars, and forums to ensure continuous improvement of occupational safety and health standards[199] - The Group's efforts in manpower training and development have been recognized with various accreditations from the Employees Retraining Board[185]
亚洲联合基建控股(00711) - 2024 - 年度业绩
2024-06-26 12:38
Business Expansion and Projects - The group obtained 10 new projects during the year, including a contract related to the reconstruction plan of Kwong Wah Hospital in collaboration with a state-owned enterprise[11]. - The group will continue to seek new business expansion projects to achieve diversification and drive long-term growth, ultimately enhancing shareholder value[33]. - The group plans to prioritize business expansion opportunities in the Greater Bay Area and Southeast Asia[32]. - The company successfully expanded its property management services by acquiring 雅居, enhancing its capabilities in public housing management[171]. - The group is currently working on three property development projects, including a quality residential project in Ho Man Tin and a mixed-use development in Mong Kok[189]. Financial Performance - Total revenue for the fiscal year 2024 reached HKD 8,779,017, an increase of 7.36% compared to HKD 8,177,748 in 2023[57]. - The net profit attributable to shareholders for the fiscal year 2024 was HKD 72,094, down 31.4% from HKD 105,091 in 2023[60]. - The company reported a total comprehensive income attributable to shareholders of HKD 60,055 for the fiscal year 2024, down from HKD 87,370 in 2023[60]. - The company reported diluted earnings of HKD 72,094,000 in 2024, down from HKD 105,091,000 in 2023, a decline of 31.4%[121]. - Shareholders' net profit for the year was approximately HKD 72,100,000, down 31.4% from HKD 105,100,000 in 2023[185]. Cost Management and Financing - The group is actively optimizing financing plans to mitigate the impact of high interest rates and reduce overall financing costs when undertaking high-value contracts[12]. - The group has pledged assets as collateral for bank financing, with a total value of approximately HKD 1.65 million for the repurchase of 3.46 million ordinary shares[8]. - The group has implemented appropriate financing and capital management strategies to address challenges posed by rising financing costs[185]. - The company is focusing on cost reduction, efficiency improvement, and productivity enhancement to navigate the challenging business environment characterized by geopolitical tensions and high inflation[195]. - The group has pledged shares of a wholly-owned subsidiary as collateral for bank financing provided to a joint venture[183]. Market Conditions and Industry Outlook - The Hong Kong government continues to implement various policies to invigorate the real estate development industry, leading to expectations of gradual recovery in the property market[14]. - The company remains optimistic about business development in Hong Kong despite challenges such as labor shortages and high-interest rates[165]. - The group anticipates that government commitments to public housing supply and infrastructure development will drive future growth in the construction sector[188]. - The construction industry in Hong Kong is projected to see total construction expenditure reaching HKD 300 billion annually in the coming years, driven by government initiatives to increase public housing supply[165]. - The group is adopting a cautious approach in light of the high interest rate environment, closely monitoring market dynamics[190]. Operational Challenges - The group is facing increased labor costs due to a tight labor market, necessitating enhanced cost control measures[12]. - The group has not recognized certain liabilities in its financial statements, indicating potential future financial obligations[4]. - The group failed to comply with a financial covenant related to a bank loan of HKD 1,091.7 million, which has been classified as a current liability[24]. - The company aims to stabilize its business performance while closely monitoring market conditions[54]. - The company plans to continue evaluating potential customers' credit quality before onboarding, ensuring a focus on maintaining good credit quality among clients[148]. Segment Performance - The construction business recorded revenue of HKD 7,890,000,000, up 9.7% from HKD 7,190,000,000 in 2023, with segment profit reaching HKD 306,200,000, compared to HKD 180,200,000 in 2023[186]. - The performance by segment showed a profit of HKD 306,178 in construction services, while the property development and leasing segment reported a loss of HKD 12,793[84]. - Revenue from the medical technology and health segment was HKD 41,112 thousand, with a notable contribution to the overall performance[109]. - The non-specialized bus service recorded a segment profit of HKD 5,400,000 for the year (2023: HKD 5,700,000), benefiting from increased travel-related business due to the recovery of cross-border travel with mainland China[192]. - The group operates in various segments, including construction services, property development and leasing, professional services, non-scheduled bus services, and medical technology and health[82]. Shareholder Actions - The board does not recommend the distribution of a final dividend for the current year, compared to HKD 0.0105 per share for the previous year[43]. - The group plans to not declare a final dividend for the year ending March 31, 2024[97]. - The company repurchased a total of 10,440,000 shares at a total cost of HKD 5,364,940 during the year[45]. - The company repurchased a total of 10,440,000 shares at approximately HKD 5,365,000, compared to 6,446,000 shares for HKD 3,609,000 in 2023, with a premium of about HKD 4,321,000 paid over the book value[154]. - The company has received a waiver for non-compliance with a financial covenant related to bank borrowings amounting to HKD 1,091,712,000 as of March 31, 2024[127].
亚洲联合基建控股(00711)完成收购雅居投资控股(08426)的控股权益
Zhi Tong Cai Jing· 2024-02-21 13:01
智通财经APP讯,亚洲联合基建控股(00711)及雅居投资控股(08426)联合公布,买卖协议的所有先决条件均已达成,除要约人已豁免完成交易的先决条件外,其有关就收购事项导致目标公司控制权变更须取得以下各方同意:目标集团一名成员公司就其办公物业的业主及目标集团一名成员公司按规定根据有关协议订立的研发协议的订约方,且要约人于发出有关豁免时,载列条件,即卖方应促使目标集团自完成交易日期起于实际可行的情况下尽快取得该等第三方同意。尽管要约人作出该等有条件豁免,完成交易已于2024年2月21日(就买卖协议而言被视为完成日期)落实。完成交易后,无论是否可取得上述第三方同意,均不会影响完成交易或股份要约。 紧随完成交易后及于本联合公告日期,要约人及其一致行动订约方(R5A除外)合共持有4.74亿股目标公司股份,占目标公司全部已发行股本约59.23%,而要约人及其一致行动各方(包括R5A)将合计拥有5.54亿股目标公司股份(占目标公司全部已发行股本约69.23%)。 于完成交易后,目标公司将成为亚洲联合基建的间接非全资附属公司,而目标公司的财务报表将与亚洲联合基建的财务报表综合入账。 据悉,要约人于开曼群岛注册成立为有限公 ...
亚洲联合基建控股(00711) - 2024 - 中期财报
2023-12-18 09:13
Financial Performance - Total revenue for the review period was HK$3.79 billion, a decline from HK$4.16 billion in the same period last year, representing a decrease of approximately 9.5%[21]. - Net profit attributable to shareholders was HK$68.33 million, comparable to the same period last year[18]. - The gross profit margin increased during the review period, indicating improved efficiency in operations[21]. - Basic earnings per share were HK3.83 cents, with equity per share at HK$1.38[18]. - Dividend per share declared was HK1.13 cents, consistent with previous distributions[18]. - Revenue for the six months ended September 30, 2023, was HK$3,789,175, a decrease of 8.9% from HK$4,158,751 in the same period of 2022[106]. - Profit for the period attributable to shareholders increased to HK$68,331, representing a 69.2% increase from HK$40,410 in the previous year[107]. - Total comprehensive income for the period attributable to shareholders was HK$53,039, up from HK$9,759 in 2022, marking a significant increase[107]. - Segment results showed a profit of HK$124,327 for the six months ended September 30, 2023, compared to HK$132,588 in the previous year, reflecting a decline of 6.2%[141]. - The company reported a profit before tax of HK$92,659 for the period, down from HK$54,736 in the previous year[141]. Assets and Liabilities - Total assets amounted to HK$8.09 billion, while net assets were HK$2.53 billion[18]. - As of September 30, 2023, the Group's total net debts amounted to approximately HK$1,780.1 million, with total debts of approximately HK$2,804.9 million[50]. - The Group's gearing ratio increased to 0.72 as of September 30, 2023, compared to 0.57 on March 31, 2023[54]. - Total current liabilities decreased to HK$3,421,815, down 31.8% from HK$5,021,551 on March 31, 2023[111]. - Net current assets increased to HK$3,490,472, representing a 44.3% increase from HK$2,420,189 as of March 31, 2023[111]. - Non-current liabilities increased significantly to HK$2,136,143, up 91.6% from HK$1,114,732 as of March 31, 2023[111]. - The total retention receivables as of September 30, 2023, were HK$364,224,000, down from HK$405,657,000 as of March 31, 2023[183]. Operational Efficiency and Cost Management - Management focused on cost reduction and cash flow management due to challenges such as labor shortages and high operating costs[21]. - Plans to relocate certain administrative functions to lower-cost regions outside of Hong Kong were discussed to enhance operational efficiency[21]. - The Group will implement cost-cutting measures and strengthen cooperation with large enterprises for government projects[68]. - The Group plans to enhance efficiency and implement cost-saving measures while increasing collaboration with larger enterprises to participate in more government projects[72]. Segment Performance - The construction segment recorded revenue of HK$3.37 billion, a slight decrease from HK$3.65 billion in the previous period, while segment profit increased to HK$138.3 million from HK$99.0 million[23]. - The professional services segment achieved revenue of HK$404.8 million, down from HK$489.4 million in the previous year[32]. - The non-franchised bus services segment faced reduced profit margins due to high interest rates but maintained several sizeable contracts[39]. - HKCL reported revenue of HK$19.2 million and segmental profit of HK$5.2 million, with expectations for continued growth as a key supplier of PET drugs[41]. - The online building materials procurement platform continued to make solid progress, enhancing its competitiveness[42]. Market Outlook and Strategic Initiatives - The management remains cautiously optimistic about the market outlook, particularly in the construction sector supported by government policies[26]. - The construction division is expected to remain stable due to a significant number of ongoing projects, despite facing challenges from a tough business environment, high interest rates, and labor shortages[71]. - The property development segment faces challenges due to high interest rates and weak consumer sentiment, but recent government policies have provided some relief[69]. - The Group plans to adopt a wait-and-see approach in the property development segment before embarking on new projects[70]. - The Group will continue to seek suitable development opportunities to drive further business growth while maintaining a cautious approach in the current macroeconomic environment[78]. Corporate Social Responsibility and Governance - The company implemented a "No Gifts" policy to minimize opportunities for corruption and promote accountability among stakeholders[104]. - The company engaged over 100 employees in various community volunteer activities during the review period, supporting local sustainable development initiatives[105]. - The Group has received multiple awards for its efforts in environmental protection and corporate governance, including the HKCA Construction Safety Awards and the Hong Kong Green Organisation Certification[92][97]. - The Group's safety audit score was 87.38%, surpassing the target of ≥ 86%, with an accident frequency rate of 0.045 per 100,000 man-hours, achieving the target of ≤ 0.19[91].
亚洲联合基建控股(00711) - 2024 - 中期业绩
2023-11-27 12:01
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的內容 概不負責,對其準確性或完整性亦不發表任何聲明,並明確表示,概不對 因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 截 至2023年9月30日 止 六 個 月 之 中 期 業 績 財務摘要 截至9月30日止六個月 2023年 2022年 千港元 千港元 總營業額 3,789,175 4,158,751 本公司股東應佔溢利 68,331 40,410 每股基本盈利 3.83港仙 2.26港仙 ...
亚洲联合基建控股(00711) - 2023 - 年度财报
2023-07-18 08:52
Financial Performance - The company reported a revenue of HK$1.2 billion for the fiscal year ended March 31, 2023, representing a 15% increase compared to the previous year[7]. - Total revenue for the year was HK$8,177,748,000, with a profit attributable to shareholders of HK$105,091,000[20]. - Basic earnings per share were HK5.88 cents, and the company declared a total dividend of HK1.72 cents per share for the year[22]. - The Group reported revenue of approximately HK$8.18 billion for the year, an increase from HK$7.72 billion in the previous year, while net profit attributable to shareholders was approximately HK$105.1 million, down from HK$122.0 million[60]. - The Group's total net debts amounted to approximately HK$1,402.1 million, with total debts of approximately HK$2,822.3 million and cash and bank balances of approximately HK$1,420.2 million as of March 31, 2023[158]. - The Group's gearing ratio improved to 0.57 as of March 31, 2023, compared to 0.71 in 2022, indicating a stronger financial position[161]. Strategic Goals and Market Expansion - The company has set a target to achieve a 10% increase in revenue for the next fiscal year, driven by new market expansions and strategic partnerships[7]. - The company plans to expand its operations into Southeast Asia, targeting a market share increase of 5% within the next two years[7]. - The management is focused on navigating high operating costs and interest rates by leveraging sound financing and capital management strategies[60]. - The Group plans to enhance productivity and efficiency while adhering to stringent cost management to improve overall margins and profitability in the new financial year[55]. - The Group aims to enhance shareholder value by exploring profitable ventures and diversifying income streams while being cautious of macroeconomic developments[183]. Sustainability and Corporate Responsibility - The company has committed to reducing carbon emissions by 30% by 2025 as part of its sustainability strategy[7]. - The Group is dedicated to maintaining high standards of corporate social responsibility, particularly in safety, health, and sustainable development[195]. - The Board is committed to integrating ESG objectives into the Company's operations and has established a working group for systematic management of ESG issues[196]. Project and Contract Updates - User data showed a growth in active projects, with a total of 25 ongoing infrastructure projects across Asia, up from 20 projects last year[7]. - The company reported a contract sum of HK$1,330 million for the construction of public housing development at Hiu Ming Street[91]. - The company is engaged in the construction of a 30-classroom primary school at Anderson Road, with a contract sum of HK$271 million[91]. - The company has ongoing projects including the rehabilitation of trunk sewers in Tuen Mun, with a contract sum of HK$205 million[79]. - The total value of contracts held by the Group at the fiscal year-end was HK$30.31 billion, slightly up from HK$30.05 billion in 2022, with ongoing contracts valued at HK$17.64 billion[62][65]. Operational Efficiency and Challenges - The management highlighted challenges such as labor shortages and high financing costs, which have pressured operating margins[69][72]. - The ongoing labor shortage and high interest rate environment are expected to continue impacting operating and financing costs, necessitating cost-cutting measures[61]. - The Group aims to enhance efficiency and implement cost-cutting measures to mitigate high operating costs in the upcoming fiscal year[64][69]. - The Group continues to explore different capital management options to reduce financing costs while seeking new investment opportunities[140]. Customer Satisfaction and Workforce Development - Customer satisfaction ratings improved to 85%, up from 80% last year, indicating better service delivery and project management[7]. - The company accumulated 32,288 training hours for its employees, emphasizing workforce development[24]. - The total remuneration for employees was approximately HK$1,843.7 million for the year, reflecting the Group's commitment to competitive compensation[166]. - The Group had approximately 6,360 employees as of March 31, 2023, highlighting its significant workforce[166]. Sector-Specific Developments - The medical technology and healthcare business secured new clients and is constructing a second laboratory for radiation-related medical products, with increased R&D investment to support Hong Kong's development as a medical technology hub[53]. - The Group is optimistic about the medical technology and healthcare business due to increasing demand for PET drugs in Hong Kong and the Greater Bay Area, planning to expand HKCL's business scope and production capacity[182]. - The property development and assets leasing segment rebounded, outperforming nearby projects despite a high interest rate environment, with land exchange application for residential land in Tung Chung approved[137]. - The Group expects to leverage the recovery of the tourism industry through non-franchised bus services, aiming to improve profitability and utilization rates of its bus fleet[186].
亚洲联合基建控股(00711) - 2023 - 年度业绩
2023-06-26 14:54
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責, 對其準確性或完整性亦不發表任何聲明,並明確表示,概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 截至2023年3月31日止年度之全年業績 財務摘要 2023年 千港元 總營業額 8,177,748 本公司股東應佔溢利 105,091 每股基本盈利 5.88港仙 每股股息 -中期 0.67港仙 -末期 1.05港仙 ...
亚洲联合基建控股(00711) - 2023 - 中期财报
2022-12-14 07:55
Financial Performance - The company reported a financial summary for the six months ended September 30, 2022, with a total revenue of HK$XXX million, representing a YY% increase compared to the previous period[13]. - Total revenue for the period was approximately HK$4.16 billion, an increase of 8.8% from HK$3.82 billion in 2021[17]. - Revenue for the six months ended September 30, 2022, was HK$4,158,751, an increase of 8.9% from HK$3,819,920 in the same period of 2021[69]. - Gross profit for the same period was HK$268,211, a decrease of 8.0% compared to HK$291,729 in 2021[69]. - Profit for the period attributable to shareholders was HK$40,410, down 28.0% from HK$56,134 in the previous year[71]. - Total comprehensive income for the period attributable to shareholders was HK$9,759, a significant decrease of 84.6% from HK$63,323 in 2021[71]. - Basic and diluted earnings per share attributable to shareholders decreased to 2.26 HK cents from 3.11 HK cents, representing a decline of 27.4%[71]. - The company reported a profit before tax of HK$54,736, a decrease of 7.2% from HK$58,846 in the previous year[69]. - The Group's profit before tax for the period was impacted by unallocated corporate expenses and finance costs, with a net profit for the period reported[111]. Operational Highlights - User data indicated a growth in customer base, with an increase of ZZ% year-over-year, reflecting the company's expanding market presence[13]. - The construction segment recorded revenue of HK$3.65 billion, up from HK$3.33 billion in 2021, with a segment profit of HK$99.0 million, down from HK$109.6 million[20]. - The Group secured 15 new contracts during the review period, including projects for a primary school and a kindergarten[21]. - The Group is currently engaged in a total of 70 ongoing projects, including significant urban renewal and housing development initiatives[25]. - The professional services segment achieved revenue of HK$489.4 million, up from HK$471.4 million in 2021, but segmental profit decreased to HK$23.0 million from HK$27.4 million[33]. - The property development and assets leasing segment rebounded during the Review Period, with ongoing sales activities at "128 Waterloo" and "SOYO" despite tough market conditions[33]. Strategic Initiatives - The company provided a positive outlook for the upcoming fiscal year, projecting a revenue growth of AA% driven by new projects and market expansion initiatives[13]. - Investment in new product development and technology is expected to increase by BB%, focusing on sustainable infrastructure solutions[13]. - The company is exploring strategic acquisitions to enhance its service offerings and market reach, with potential targets identified in the Asia-Pacific region[13]. - The board emphasized the importance of innovation, with a dedicated budget of GG million allocated for R&D in the next fiscal year[13]. - The Group is investing in advanced construction technologies such as Modular Integrated Construction (MiC) to maintain a competitive edge[27]. - The Group aims to leverage its status as a leader in Modular Integrated Construction (MiC) to capture opportunities arising from the government's promotion of advanced construction technologies[44]. Financial Position - As of September 30, 2022, the total net debts of the Group amounted to approximately HK$1,885.5 million, with total debts of approximately HK$2,992.8 million and cash and bank balances of approximately HK$1,107.3 million[38][39]. - The gearing ratio of the Group as of September 30, 2022 was 0.80, compared to 0.71 on March 31, 2022, indicating an increase in the proportion of net interest-bearing debts to equity attributable to shareholders[40]. - The financial position of the Group remained stable, relying on internally generated funds and bank borrowings for operations and expansion[37]. - The total current liabilities increased to HK$5,299,637,000 as of September 30, 2022, from HK$5,219,733,000 as of March 31, 2022, marking an increase of about 1.53%[77]. Market Conditions - The Hong Kong government has proposed policies to promote economic development, which may provide new opportunities for the construction industry[19]. - The Hong Kong government's focus on increasing land and housing supply is expected to create new opportunities for the construction industry, including various large-scale urban development projects[43][44]. - The property market in Hong Kong continues to face challenges due to interest rate hikes, but the government is implementing policies to encourage buyers and improve market sentiment[45]. - The Group maintains a cautious outlook for the construction segment due to macroeconomic uncertainties and rising costs, focusing on improving cash flow by increasing project completion certification rates[47]. Corporate Social Responsibility - A commitment to corporate social responsibility was reiterated, with plans to allocate CC% of profits towards ESG initiatives[13]. - The company engaged in community support activities, including delivering meal boxes to approximately 100 individuals from low-income families[66]. - The Group is dedicated to corporate social responsibility, engaging in community activities and collaborating with charitable organizations in Hong Kong[64]. - The Group is committed to environmental protection, implementing carbon audits and signing the "BEC Low Carbon Charter" to align with the Paris Agreement goals[64]. Employee and Workforce - The Group had approximately 6,600 employees as of September 30, 2022, with total employee remuneration for the review period amounting to approximately HK$892.5 million[40]. - Approximately 6,600 employees were reported as of September 30, 2022, with a strong emphasis on workplace wellness and employee development[54].
亚洲联合基建控股(00711) - 2022 - 年度财报
2022-07-20 09:31
Financial Performance - The company reported a significant increase in revenue, achieving a total of HK$1.2 billion, representing a growth of 15% year-on-year[1]. - Total revenue for the year reached HK$ 7,722,064,000[35]. - Profit attributable to shareholders was HK$ 121,999,000[35]. - The Group's total revenue for the year was approximately HK$7.72 billion, an increase from HK$7.53 billion in 2021[82]. - Net profit attributable to shareholders was approximately HK$122.0 million, compared to a net loss of HK$184.5 million in 2021[82]. - The property development and assets leasing segment reported a profit of HK$185.8 million, a significant recovery from a loss of HK$272.0 million in the previous year[134]. - The professional services segment recorded revenue of HK$963.8 million, a slight increase from HK$952.2 million in the previous year, while profit decreased to HK$53.7 million from HK$157.0 million[142][146]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue increase of 10% to HK$1.32 billion[1]. - The Group remains positive about future prospects, anticipating recovery as the Covid-19 pandemic subsides[76]. - Management is optimistic about the gradual recovery of the Hong Kong economy in 2022, focusing on core business development and sustainable opportunities[184]. Strategic Initiatives - New product development initiatives include the launch of a sustainable infrastructure solution, expected to contribute an additional HK$100 million in revenue[1]. - The company is expanding its market presence in Southeast Asia, targeting a 20% increase in market share by entering three new countries[1]. - A strategic acquisition of a local construction firm was completed, valued at HK$200 million, aimed at enhancing operational capabilities[1]. - The management team highlighted a focus on digital transformation, with a budget allocation of HK$50 million for technology upgrades[1]. - The Group is focusing on developing advanced construction technologies, such as MiC technology, to support large-scale infrastructure projects in Hong Kong[76]. Corporate Social Responsibility and Sustainability - The company emphasized its commitment to ESG principles, with 30% of new projects incorporating sustainable practices[1]. - The Board emphasizes the importance of corporate social responsibility (CSR) and integrates ESG objectives into company strategies[191]. - The Group has engaged an independent carbon auditor to enhance the credibility of its sustainability data[199]. - Various international management systems, including ISO 14001:2015 and ISO 45001:2018, have been implemented to improve sustainability performance[199]. - The Group encourages employees to participate in recycling and "Green" initiatives to promote proper ESG behaviors[199]. Workforce and Employment - The company plans to increase its workforce by 15% to support growth initiatives, adding approximately 150 new positions[1]. - The Group had approximately 6,150 employees, with total employee remuneration for the year reaching approximately HK$1,786.0 million[167][172]. Project Engagement and Performance - User data showed an increase in active projects, with a total of 25 ongoing projects, up from 20 in the previous year, indicating a 25% growth in project engagement[1]. - The Group secured 30 new projects during the year, including significant contracts utilizing advanced construction technologies[85]. - The Group is currently engaged in 70 ongoing projects, including major infrastructure works and public housing developments[89]. Challenges and Market Conditions - The construction segment's performance was impacted by project approval delays and increased raw material costs, leading to a slight downturn in operating performance for the year[69]. - The company faced challenges due to supply chain disruptions caused by the COVID-19 pandemic, leading to material shortages and project delays[93]. - Government policies, including waivers for construction delays and compensation for raw material price differences, helped mitigate the impact of challenging business conditions[72]. Government and Infrastructure Investment - The government approved a record high funding of HK$220 billion for capital works projects, creating significant opportunities for the construction industry[174][177]. - The government has set aside 350 hectares of land for the construction of approximately 333,000 public housing units, with an expected average of 19,000 private residential units to be completed annually over the next five years[175][178]. - The Hong Kong government continues to invest in infrastructure projects, which is expected to benefit the construction industry moving forward[83].