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 部分內 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 。 （於開曼群島註冊成立之有限公司） （股份代號：896） 承董事會命 興勝創建控股有限公司 董事總經理 王世濤 香港，2025年8月18日 - 1 - 於本公告刊發日期，董事會包括下列成員： 非執行主席 有關於2025年8月19日舉行之 股東週年大會之 惡劣天氣安排 茲提述Hanison Construction Holdings Limited（興勝創建控股有限公司）（「本公司」）日期 為2025年7月24日的通函（「通函」）及股東週年大會（「股東週年大會」）通告（「股東週 年大會通告」）。除文義另有所指外，本公告所用詞彙與通函及股東週年大會通告所界定者 具有相同涵義。 根據股東週年大會通告，股東週年大會訂於2025年8月19日（星期二）上午10時正假座香港沙 田源康街1號帝逸酒店2樓I-V廳逸軒舉行。 倘若於2025年8月19日，8號（或以上）颱風信號、黑色暴雨警告信號或「極端情 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 興勝創建控股有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00896 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,500,000,000 | HKD | | 0.1 | HKD | | 150,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,500,000,000 | HKD | | 0.1 | HKD | | 150,000,000 | 本月底法定/註冊股本 ...

[Corporate Information](index=2&type=section&id=Corporate%20Information) The report provides essential corporate information, including board composition, committee structures, and key contact details - Basic company details, including board, committees, and key contacts, are provided[4](index=4&type=chunk)[5](index=5&type=chunk)[6](index=6&type=chunk) [Financial Highlights](index=5&type=section&id=Financial%20Highlights) The company's FY2025 revenue reached a five-year high, yet net loss attributable to owners widened, and shareholders' equity declined for four consecutive years Five-Year Financial Performance Trends (HK$ Million) | Fiscal Year | Revenue | Profit/(Loss) Attributable to Owners of the Company | Shareholders' Equity at Year-End | | :--- | :--- | :--- | :--- | | 2021 | 1,451.6 | 275.0 | 4,137.1 | | 2022 | 1,438.3 | 154.3 | 4,216.4 | | 2023 | 1,232.8 | (38.4) | 4,072.7 | | 2024 | 1,612.7 | (216.0) | 3,766.5 | | 2025 | 1,985.3 | (295.3) | 3,461.6 | - Company revenue reached a five-year high of **HK$1.985 billion** in FY2025. However, loss attributable to owners continued to expand, recording losses for three consecutive years since FY2023, with the loss widening to **HK$295 million** in FY2025. Shareholders' equity also decreased for four consecutive years[16](index=16&type=chunk)[18](index=18&type=chunk) [Chairman's Statement](index=6&type=section&id=Chairman's%20Statement) The Chairman's Statement reviews the group's performance, market outlook, and strategic responses amidst global economic uncertainties [RESULTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025](index=6&type=section&id=RESULTS%20FOR%20THE%20FINANCIAL%20YEAR%20ENDED%2031%20MARCH%202025) Despite revenue growth, the group's consolidated loss expanded due to property revaluation losses and interest expenses, leading the Board to withhold interim dividends FY2025 Performance Overview (HK$ Million) | Metric | FY2025 | FY2024 | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | 1,985.3 | 1,612.7 | +23.1% | | Consolidated Loss Attributable to Owners of the Company | (295.3) | (216.0) | Loss expanded | | Operating Profit (excluding revaluation losses and interest expenses) | 34.6 | 37.0 | -6.5% | | Basic Loss Per Share (HK cents) | 27.5 | 19.9 | Loss expanded | | Net Asset Value Per Share (HK$) | 3.23 | 3.51 | -8.0% | - Net loss was primarily driven by two major factors: - Net revaluation loss of approximately **HK$279 million** on properties held by the Group and joint ventures due to the property market downturn - Interest expenses of approximately **HK$51.2 million**[22](index=22&type=chunk) - The Board resolved not to declare a second interim dividend, and no first interim dividend was paid during the year, compared to a first interim dividend of **HK$1.0 cent per share** paid in the prior year[24](index=24&type=chunk)[27](index=27&type=chunk) [OUTLOOK](index=7&type=section&id=OUTLOOK) The Group maintains cautious optimism amid global economic challenges, prioritizing public construction, prudent property investment, and digital transformation for competitiveness - The macro environment is challenging, including major global economies maintaining high interest rates to combat inflation, geopolitical uncertainties from the Russia-Ukraine war and Middle East conflicts, and US-China trade tensions[28](index=28&type=chunk)[29](index=29&type=chunk) - Hong Kong's construction industry outlook is stable, supported by the government's annual public infrastructure spending exceeding **HK$100 billion** and a target of 440,000 housing units over the next decade. Public housing projects, especially Light Public Housing (LPH), will be a key growth driver[43](index=43&type=chunk)[44](index=44&type=chunk) - Hong Kong's real estate market showed signs of recovery in transaction volume after the removal of additional stamp duties in early 2024, with mainland buyers becoming a key force driving new property sales. The Group's residential and industrial projects are expected to be completed in the coming years, with market conditions anticipated to improve[51](index=51&type=chunk)[53](index=53&type=chunk) - The Group's response strategies include: - **Prioritizing public construction projects**: Leveraging stable demand and government-backed contracts - **Adopting a prudent approach to property investment**: Focusing on existing development projects and controlling risks - **Investing in workforce development and digital transformation**: Addressing labor shortages, enhancing efficiency, and adopting advanced technologies like Modular Integrated Construction (MiC) and Building Information Modeling (BIM)[55](index=55&type=chunk)[47](index=47&type=chunk)[48](index=48&type=chunk) [Operations Review](index=14&type=section&id=Operations%20Review) This section reviews the performance and outlook of the Group's diverse business divisions, including construction, property, and health products [CONSTRUCTION DIVISION](index=15&type=section&id=CONSTRUCTION%20DIVISION) As the largest revenue source, this division saw significant growth and a strong contract backlog, with future prospects driven by government infrastructure and housing projects Construction Division Financial Performance (HK$ Million) | Metric | FY2025 | FY2024 | | :--- | :--- | :--- | | Revenue | 1,538.1 | 1,124.0 | | Total Contracts on Hand (period-end) | 3,783.9 | N/A | - Major completed projects include a residential and commercial development in Ki Lung Street, Kennedy Town, and a public housing development in Hin Fat Lane, Tuen Mun[76](index=76&type=chunk)[77](index=77&type=chunk) - Major projects undertaken cover residential, industrial, and commercial developments across Kowloon Tong, Kwai Chung, Chai Wan, Yuen Long, and Tuen Mun, including significant public projects like the Hong Kong Science Park expansion[79](index=79&type=chunk) - The future outlook is positive, driven by the Hong Kong government's continued investment in large-scale infrastructure and housing projects, such as the Northern Metropolis development and public housing expansion, providing stable business prospects for the Construction Division. The division will focus on capitalizing on opportunities in the public sector and leveraging innovative technologies to enhance competitiveness[88](index=88&type=chunk)[91](index=91&type=chunk)[99](index=99&type=chunk) [INTERIOR AND RENOVATION DIVISION](index=24&type=section&id=INTERIOR%20AND%20RENOVATION%20DIVISION) Revenue decreased this year, but future opportunities are anticipated from government initiatives promoting building safety and mandatory repairs for aging structures Interior and Renovation Division Financial Performance (HK$ Million) | Metric | FY2025 | FY2024 | | :--- | :--- | :--- | | Revenue | 204.6 | 293.3 | | Total Contracts on Hand (period-end) | 107.6 | N/A | - Major completed projects include regular maintenance contracts for Link REIT properties and Hong Kong Baptist University, as well as interior renovation works for North Point Methodist Church[107](index=107&type=chunk) - The division's prospects are optimistic, primarily due to government initiatives promoting building safety and maintenance, such as "Operation Building Bright 2.0" and the "Fire Safety Improvement Works Subsidy Scheme," creating opportunities for contractors specializing in structural repairs, waterproofing, and fire safety enhancements[122](index=122&type=chunk)[123](index=123&type=chunk) [BUILDING MATERIALS DIVISION](index=29&type=section&id=BUILDING%20MATERIALS%20DIVISION) Revenue increased, driven by demand for false ceilings and modern building materials, with a positive outlook from public housing and private market recovery Building Materials Division Financial Performance (HK$ Million) | Metric | FY2025 | FY2024 | | :--- | :--- | :--- | | Revenue | 178.8 | 143.4 | | Total Contracts on Hand (period-end) | 25.6 | N/A | - The division's core business involves the supply and installation of false ceiling systems, metal cladding systems, fire protection systems, and timber flooring[130](index=130&type=chunk) - Major projects undertaken include the main canopy and lower-level ceiling systems for the Hong Kong International Airport Terminal 2 expansion, as well as false ceiling system projects for various residential and research buildings[136](index=136&type=chunk)[139](index=139&type=chunk)[140](index=140&type=chunk) - The market outlook is positive due to: - Increasing popularity of false ceilings for aesthetics and functionality (improved lighting, hidden wiring) - Trends in smart homes and energy-efficient buildings driving demand for ceilings integrating LED lighting, sound insulation, and thermal insulation - Government public housing programs and the recovery of the private residential market increasing demand for building materials[144](index=144&type=chunk)[147](index=147&type=chunk)[148](index=148&type=chunk) [PROPERTY DEVELOPMENT DIVISION](index=34&type=section&id=PROPERTY%20DEVELOPMENT%20DIVISION) This division recorded no revenue but is advancing several joint venture projects, maintaining a prudent financial approach amidst market challenges - The Property Development Division recorded no revenue in this financial year[153](index=153&type=chunk) - The Group is advancing multiple development projects, with the premium residential project at 57A Nga Tsin Wai Road, Kowloon Tong, having obtained its occupation permit in June 2025, and the industrial property redevelopment project at 22 Yip Shing Street, Kwai Chung, expected to be completed this year[156](index=156&type=chunk)[162](index=162&type=chunk) - Looking ahead, the Group will continue to prudently manage its property portfolio and actively seek new opportunities. Strategically, the Group prefers forming joint ventures with suitable partners to leverage synergies, mitigate development risks, and maintain stable cash flow and a reasonable debt-to-equity ratio in projects[174](index=174&type=chunk) [PROPERTY INVESTMENT DIVISION](index=39&type=section&id=PROPERTY%20INVESTMENT%20DIVISION) Revenue decreased, but the division completed key sales and continues to generate rental income, with market stabilization expected from eased cooling measures Property Investment Division Revenue (HK$ Million) | Fiscal Year | Revenue | | :--- | :--- | | 2025 | 70.3 | | 2024 | 80.2 | - Two significant sales activities were undertaken during the year: - **Disposal**: Completed the sale of several shops at "The Austine Place" in Kwun Chung Street, Kowloon - **Strata Sale**: Launched the strata sale of "Hollywood Hill" at 222 Hollywood Road, with 48 sale and purchase agreements signed[178](index=178&type=chunk)[179](index=179&type=chunk) - The Group's key investment properties, including PeakCastle in Cheung Sha Wan, The Mercer in Sheung Wan, and Hollywood Hill in Hollywood Road, continue to generate rental income for the Group[180](index=180&type=chunk) - In terms of market outlook, despite a slowdown in the property investment market due to economic conditions, the government's easing of cooling measures like stamp duties is expected to attract investors back to the market. The residential leasing market remains relatively stable as some buyers delay home purchases, offering opportunities for "buy-to-let" investors[189](index=189&type=chunk)[190](index=190&type=chunk) [PROPERTY AGENCY AND MANAGEMENT DIVISION](index=44&type=section&id=PROPERTY%20AGENCY%20AND%20MANAGEMENT%20DIVISION) Revenue increased as the division provided comprehensive marketing and management services for the Group's diverse property portfolio Property Agency and Management Division Revenue (HK$ Million) | Fiscal Year | Revenue | | :--- | :--- | | 2025 | 21.6 | | 2024 | 18.0 | - The division served as marketing and project manager for several projects and provided management services for properties including The Austine Place, The Bedford, PeakCastle, The Connaught, Hollywood Hill, and others[199](index=199&type=chunk) - The division's services aim to optimize rental income and enhance property value through meticulous property maintenance, efficient operations, and transparent communication with tenants and owners[210](index=210&type=chunk)[211](index=211&type=chunk) [HEALTH PRODUCTS DIVISION](index=48&type=section&id=HEALTH%20PRODUCTS%20DIVISION) Revenue increased, driven by retail and wholesale of health products, with plans for market expansion into mainland China amidst rising health awareness Health Products Division Revenue (HK$ Million) | Fiscal Year | Revenue | | :--- | :--- | | 2025 | 13.6 | | 2024 | 11.3 | - The division primarily operates three major brands: Po Ying Fong (28-day post-natal tonic), Dr. Lingzhi (Lingzhi spore products), and HealthMate (Chinese and Western nutritional supplements)[219](index=219&type=chunk) - Sales channels include e-commerce and a physical retail store in Tsim Sha Tsui, with the latter complemented by professional in-store health consultation services to enhance customer interaction and brand image[219](index=219&type=chunk)[227](index=227&type=chunk) - Looking ahead, the division plans to further expand into the mainland China market and actively explore the growth potential of online sales platforms to meet the increasing demand for health products[226](index=226&type=chunk) [Financial Review](index=52&type=section&id=Financial%20Review) This section provides a detailed analysis of the Group's financial performance, liquidity, capital structure, and key financial metrics [SUMMARY OF RESULTS](index=52&type=section&id=SUMMARY%20OF%20RESULTS) Revenue grew, but the consolidated loss attributable to owners expanded significantly due to property revaluation losses and increased interest expenses Key Financial Items (HK$ Thousand) | Metric | FY2025 | FY2024 | | :--- | :--- | :--- | | Revenue | 1,985,257 | 1,612,660 | | Consolidated Loss Attributable to Owners of the Company | (295,300) | (216,014) | | Basic Loss Per Share (HK cents) | (27.5) | (19.9) | | Net Asset Value Per Share (HK$) | 3.23 | 3.51 | - The net loss was primarily due to revaluation losses (approximately **HK$279 million**) from the property market downturn and interest expenses (approximately **HK$51.2 million**)[231](index=231&type=chunk) [Group Liquidity and Financial Resources](index=54&type=section&id=Group%20Liquidity%20and%20Financial%20Resources) The Group maintains a sound financial position with substantial bank facilities, improved current ratio, and positive net current assets, enhancing short-term solvency Liquidity and Financial Resources Status (HK$ Million) | Metric | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | Cash and Bank Balances | 477.7 | 441.5 | | Total Bank Loans | 1,931.0 | 1,878.1 | | Net Bank Borrowings | 1,453.3 | 1,436.6 | | Gearing Ratio | 42.0% | 38.1% | | Net Current Assets/(Liabilities) | 642.0 | (365.6) | | Current Ratio | 1.39x | 0.85x | - During the year, net cash outflow from operating activities was **HK$358 million**, primarily due to an increase in properties under development for sale and contract assets; net cash inflow from investing activities was **HK$344 million**, mainly from the disposal of investment properties; and net cash inflow from financing activities was **HK$50 million**[238](index=238&type=chunk) [Capital Structure](index=56&type=section&id=Capital%20Structure) Shareholders' equity decreased, and loans to joint ventures increased, with significant impairment losses recognized due to the property market downturn - As of March 31, 2025, shareholders' equity was **HK$3.462 billion**, and consolidated net asset value per share was **HK$3.23**, a decrease from the previous year, primarily due to the loss incurred during the year[244](index=244&type=chunk) - The Group provided loans totaling **HK$1.085 billion** to joint ventures to support their property development and investment projects in Hong Kong. These loans are partly interest-bearing, partly interest-free, all unsecured, and repayable on demand[249](index=249&type=chunk) Impairment Loss on Joint Venture Loans (HK$ Thousand) | Item | Impairment Loss Recognized in FY2025 | | :--- | :--- | | Joint Venture A and its subsidiaries | 269 | | Joint Venture B | 470 | | Joint Venture C | 30,992 | | Joint Venture D and its subsidiaries | 65,306 | | **Total** | **97,037** | - The impairment was primarily recognized due to rising interest rates and the downturn in the Hong Kong property market, leading to a further decline in the asset values of properties held by the joint ventures[257](index=257&type=chunk)[258](index=258&type=chunk) [Corporate Governance Report](index=63&type=section&id=Corporate%20Governance%20Report) This report details the Group's adherence to corporate governance principles, board structure, committee functions, and risk management practices [COMPLIANCE WITH CORPORATE GOVERNANCE CODE](index=63&type=section&id=COMPLIANCE%20WITH%20CORPORATE%20GOVERNANCE%20CODE) The company fully complied with the Corporate Governance Code, ensuring a diverse board with clear roles and continuous professional development for directors - The company complied with all applicable code provisions of the Corporate Governance Code for the year ended March 31, 2025[270](index=270&type=chunk)[273](index=273&type=chunk) - The Board Diversity Policy was implemented, with the appointment of Ms. Hao Quan as an Independent Non-executive Director in September 2024, achieving the goal of having at least one female representative on the Board[301](index=301&type=chunk) - The roles of Chairman (Mr. Cha Mou Sing, Payson) and Managing Director (Mr. Wong Sai Tat) are separate and clearly defined. The Chairman leads the Board in strategic planning, while the Managing Director is responsible for daily management and execution[310](index=310&type=chunk)[311](index=311&type=chunk)[312](index=312&type=chunk) [BOARD AND COMMITTEES](index=73&type=section&id=BOARD%20AND%20COMMITTEES) The Board and its committees operated effectively, reviewing key matters and fulfilling their responsibilities with high attendance rates among members - The Board has established an Audit Committee, a Nomination Committee, and a Remuneration Committee, all chaired by independent non-executive directors and composed of a majority of independent non-executive directors[330](index=330&type=chunk)[337](index=337&type=chunk)[343](index=343&type=chunk) Summary of Annual Meeting Attendance Records | Committee | Number of Meetings | Primary Responsibilities | | :--- | :--- | :--- | | Board | 4 | Evaluate business performance, approve financial reports, review internal control systems | | Audit Committee | 2 | Review financial statements, recommend external auditor, review effectiveness of internal controls | | Nomination Committee | 2 | Review board structure, assess independence of INEDs, recommend director candidates | | Remuneration Committee | 3 | Approve executive compensation, bonuses, and salary adjustments | - The report details the attendance of each director at general meetings, Board meetings, and various committee meetings, with overall good attendance[354](index=354&type=chunk) [RISK MANAGEMENT AND INTERNAL CONTROL](index=82&type=section&id=RISK%20MANAGEMENT%20AND%20INTERNAL%20CONTROL) The Board oversees effective risk management and internal control systems, supported by a dedicated committee and robust financial control procedures - The Board has conducted an annual review of the effectiveness of the Group's risk management and internal control systems (covering financial, operational, and compliance controls) and considers them effective and adequate[357](index=357&type=chunk) - The Group has established a Risk Management Committee, led by the Managing Director, responsible for identifying, assessing, and monitoring various business risks. Each business unit is required to conduct self-assessments and report to the committee[360](index=360&type=chunk) - The Group has a central cash management system to oversee investment and borrowing activities and has established strict expenditure approval and control procedures to ensure expenses are within budget[366](index=366&type=chunk) [Report of the Directors](index=91&type=section&id=Report%20of%20the%20Directors) This report outlines the Group's principal business activities, financial results, share option scheme, and continuing connected transactions [BUSINESS REVIEW](index=91&type=section&id=BUSINESS%20REVIEW) This section outlines the Group's core business activities and financial performance, noting the Board's decision to withhold interim dividends for the year - The company, as an investment holding company, has its principal activities of subsidiaries, associates, and joint ventures detailed in Notes 50, 19, and 20 to the financial statements[395](index=395&type=chunk) - The Board has resolved not to declare a second interim dividend for the year ended March 31, 2025, and no first interim dividend was paid during the year (compared to **HK$1.0 cent per share** paid in the prior year)[405](index=405&type=chunk)[410](index=410&type=chunk) [SHARE OPTION SCHEME](index=95&type=section&id=SHARE%20OPTION%20SCHEME) The old share option scheme expired, and no options have been granted under the new scheme since its adoption, with a specified total number of shares available - Under the 2011 share option scheme, 22,146,000 unexercised share options as of April 1, 2024, all lapsed during the year due to the expiry of their exercise period[425](index=425&type=chunk)[444](index=444&type=chunk) - The company adopted a new share option scheme on August 25, 2020, valid until August 24, 2030. No share options have been granted under this scheme since its adoption[426](index=426&type=chunk)[443](index=443&type=chunk) [CONTINUING CONNECTED TRANSACTIONS](index=119&type=section&id=CONTINUING%20CONNECTED%20TRANSACTIONS) The Group's framework agreement with Mei Hang for engineering services remained well within its annual cap, confirmed as fair and reasonable by independent directors - The Group entered into a three-year framework agreement with Mei Hang Group for the provision of facade and curtain wall engineering services[532](index=532&type=chunk) Continuing Connected Transactions with Mei Hang Group (HK$) | Fiscal Year | Annual Cap | Actual Total Transaction Cost | | :--- | :--- | :--- | | 2025 | 80,000,000 | 11,025,000 | - As Mei Hang is an associate of CCM Trust, a substantial shareholder of the Company, this transaction constitutes a continuing connected transaction under the Listing Rules and was approved by shareholders at an extraordinary general meeting[537](index=537&type=chunk)[538](index=538&type=chunk) [Independent Auditor's Report](index=127&type=section&id=Independent%20Auditor's%20Report) This section presents the independent auditor's opinion on the consolidated financial statements, including key audit matters and their approach to these areas [OPINION](index=127&type=section&id=OPINION) The auditor issued an unmodified opinion, confirming the consolidated financial statements present a true and fair view in accordance with Hong Kong Financial Reporting Standards - The auditor issued an unmodified opinion (clean opinion) on the consolidated financial statements[563](index=563&type=chunk) - The auditor confirmed that the financial statements present a true and fair view of the Group's financial position and performance in accordance with Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants[563](index=563&type=chunk) [KEY AUDIT MATTER](index=128&type=section&id=KEY%20AUDIT%20MATTER) The valuation of investment properties was identified as a key audit matter due to its material amount and significant judgment involved, with the auditor performing extensive review procedures - The sole key audit matter for this period is "Valuation of Investment Properties"[570](index=570&type=chunk) - The reasons for identifying this matter are: - **Material Amount**: The fair value of investment properties is **HK$2.193 billion**, representing approximately **37%** of total assets - **Significant Judgment**: Valuation involves significant unobservable inputs (e.g., market rent, capitalization rates) and judgments[570](index=570&type=chunk)[571](index=571&type=chunk) - The auditor's response procedures included: assessing the independence and professional competence of external valuers, understanding the valuation methodology, and comparing key data used in the valuation (e.g., market rent, capitalization rates) with market comparable data[573](index=573&type=chunk)[578](index=578&type=chunk) [Consolidated Financial Statements](index=135&type=section&id=Consolidated%20Financial%20Statements) This section presents the Group's complete consolidated financial statements, including the statement of profit or loss, statement of financial position, and statement of cash flows [Consolidated Statement of Profit or Loss](index=136&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss) Revenue increased, but the Group's annual loss widened significantly due to increased costs, fair value losses on investment properties, and impairment losses Consolidated Statement of Profit or Loss Summary (HK$ Thousand) | Item | FY2025 | FY2024 | | :--- | :--- | :--- | | Revenue | 1,985,257 | 1,612,660 | | Gross Profit | 124,469 | 119,855 | | Loss from fair value changes of investment properties | (140,706) | (71,078) | | Net impairment losses under expected credit loss model | (97,794) | (88,216) | | Finance costs | (51,209) | (65,625) | | **Loss for the year** | **(295,300)** | **(216,014)** | [Consolidated Statement of Financial Position](index=138&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) Total assets decreased, while liabilities slightly increased, leading to a reduction in shareholders' equity, though short-term liquidity improved Consolidated Statement of Financial Position Summary (HK$ Thousand) | Item | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | **Non-current assets** | **3,667,385** | **4,178,381** | | Of which: Investment properties | 2,193,170 | 2,743,080 | | Of which: Loans to joint ventures | 1,085,366 | 1,036,628 | | **Current assets** | **2,297,720** | **2,047,739** | | **Total assets** | **5,965,105** | **6,226,120** | | **Current liabilities** | **1,655,677** | **2,413,371** | | **Non-current liabilities** | **847,795** | **46,223** | | **Total liabilities** | **2,503,472** | **2,459,594** | | **Net assets** | **3,461,633** | **3,766,526** | [Consolidated Statement of Cash Flows](index=141&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) Operating activities resulted in a net cash outflow, while investing and financing activities generated net cash inflows, leading to a net increase in cash and cash equivalents Consolidated Statement of Cash Flows Summary (HK$ Thousand) | Item | FY2025 | FY2024 | | :--- | :--- | :--- | | Net cash used in operating activities | (357,908) | (204,500) | | Net cash from (used in) investing activities | 344,206 | (18,753) | | Net cash from financing activities | 50,000 | 265,563 | | **Net increase in cash and cash equivalents** | **36,298** | **42,310** | | Cash and cash equivalents at beginning of year | 441,485 | 399,488 | | **Cash and cash equivalents at end of year** | **477,722** | **441,485** | [Financial Summary](index=280&type=section&id=Financial%20Summary) This section provides a five-year summary of the Group's key financial performance, assets, and liabilities, offering a historical perspective Five-Year Financial Summary (HK$ Thousand) | Item | 2025 | 2024 | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | :--- | :--- | | **Results** | | | | | | | Revenue | 1,985,257 | 1,612,660 | 1,232,803 | 1,438,340 | 1,451,560 | | (Loss) Profit before tax | (295,474) | (215,854) | (35,951) | 162,716 | 273,190 | | (Loss) Profit for the year | (295,300) | (216,014) | (38,432) | 154,343 | 274,986 | | **Assets and Liabilities** | | | | | | | Total assets | 5,965,105 | 6,226,120 | 6,162,834 | 6,718,801 | 8,130,161 | | Total liabilities | (2,503,472) | (2,459,594) | (2,090,152) | (2,502,363) | (3,993,056) | | Equity attributable to owners of the Company | 3,461,633 | 3,766,526 | 4,072,682 | 4,216,438 | 4,137,105 | [Summary of Major Properties](index=281&type=section&id=Summary%20of%20Major%20Properties) This section provides an overview of the Group's significant property holdings, categorized by investment, development, and self-used properties [A. INVESTMENT PROPERTIES HELD FOR RENTAL INCOME PURPOSES](index=281&type=section&id=A.%20INVESTMENT%20PROPERTIES%20HELD%20FOR%20RENTAL%20INCOME%20PURPOSES) The Group holds several commercial properties for rental income, including PeakCastle and The Mercer, both 100% owned - Key rental properties include PeakCastle at 476 Castle Peak Road, Kowloon (gross floor area of **145,394 sq. ft.**), and The Mercer at 29 Jervois Street, Hong Kong (gross floor area of **37,933 sq. ft.**), both 100% owned[1248](index=1248&type=chunk) [B. PROPERTIES UNDER DEVELOPMENT FOR SALE IN HONG KONG](index=282&type=section&id=B.%20PROPERTIES%20UNDER%20DEVELOPMENT%20FOR%20SALE%20IN%20HONG%20KONG) The Group has multiple residential and industrial properties under development for sale in Hong Kong, mostly as joint ventures, with various completion dates Overview of Major Properties Under Development | Project Name/Location | Property Type | Group's Attributable Interest | Estimated Completion Date | | :--- | :--- | :--- | :--- | | Park College (Kowloon Tong) | Residential | 50% | 2025 | | Johnson Place (Chai Wan) | Industrial | 50% | No specific plan | | San Tin Tsuen (Yuen Long) | Residential | 50% | 2026 | | Siu Lam (Tuen Mun) | Residential | 24.82% | No specific plan | | West Castle (Kwai Chung) | Industrial | 50% | 2025 | | 18 Lee Chung Street (Chai Wan) | Industrial | 50% | 2026 | [D. SELF-USED PROPERTIES](index=284&type=section&id=D.%20SELF-USED%20PROPERTIES) The Group's self-used properties include offices in Sha Tin and a commercial property in Connaught Road West, co-owned with a joint venture partner - Key self-used properties include offices on the 21st and 22nd floors of Kings Wing Plaza 1, 3 On Kwan Street, Shek Mun, Sha Tin (100% interest), and The Connaught at 138 Connaught Road West (50% interest)[1253](index=1253&type=chunk)

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分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） （股份代號：896） 截至二零二五年三月三十一日止年度 全年業績公告 業績概要 截至二零二五年三月三十一日止年度，Hanison Construction Holdings Limited（興勝創建 控股有限公司）（「本公司」）及其附屬公司（統稱「本集團」）錄得收入港幣1,985,300,000元， 較上一財政年度增加約23.1%（二零二四年：港幣1,612,700,000元）。該增加主要來自建築 部。本公司擁有人應佔綜合虧損為港幣295,300,000元（二零二四年：虧損港幣216,000,000 元）。淨虧損主要由於物業市場下行，導致本集團及合營企業持有之物業重估淨虧損約港 幣278,700,000元，以及利息支出約港幣51,200,000元所致。截至二零二五年三月三十一日止 年度的經營業績（未計入重估淨虧損及上述利息支出）為溢利港幣34,600,000元（二零二四 ...

Financial Performance - For the six months ended September 30, 2024, Hanison Construction Holdings Limited recorded unaudited consolidated revenue of HK$984.3 million, representing an increase of 49.2% from HK$659.8 million for the corresponding period last year[9][11]. - Revenue for the six months ended September 30, 2024, was HK$984,330,000, representing a 49.0% increase from HK$659,779,000 in the same period of 2023[160]. - Gross profit increased to HK$61,624,000, up 30.2% from HK$47,297,000 year-over-year[160]. - Loss for the period was HK$193,082,000, compared to a loss of HK$108,083,000 in the prior year, indicating a 78.8% increase in losses[169]. - The basic loss per share for the six months ended September 30, 2024, was HK18.0 cents, compared to HK9.9 cents for the corresponding period last year, indicating an increase in loss[198]. - The diluted loss per share for the same period was also HK18.0 cents, consistent with the basic loss per share[198]. - The company reported a significant increase in losses year-over-year, with the current period's loss per share nearly doubling from the previous year's figures[199]. Revenue Contributions - The Construction Division was the primary contributor to the revenue increase, indicating strong performance in this segment[9][11]. - The Property Investment Division recorded revenue of HK$35.6 million for the six months ended September 30, 2024, compared to HK$37.2 million for the same period in 2023[25]. Assets and Liabilities - The company reported a net current assets position of HK$839,499,000, a significant improvement from a net current liabilities position of HK$365,632,000 as of March 31, 2024[163]. - Total assets less current liabilities increased to HK$4,429,102,000 from HK$3,812,749,000, reflecting a growth of 16.2%[163]. - Investment properties decreased to HK$2,197,980,000 from HK$2,743,080,000, a decline of 19.9%[171]. - Cash and cash equivalents were reported at HK$351,334,000, down from HK$441,485,000, a decrease of 20.4%[171]. Financing and Gearing - As of September 30, 2024, the Group's bank loans amounted to HK$1,431 million, with a collateral value of approximately HK$2,434.3 million[40]. - The Group's gearing ratio increased to 44.2% as of September 30, 2024, compared to 38.1% as of March 31, 2024[33]. - Loans to joint ventures decreased to HK$987 million as of September 30, 2024, from HK$1,036.6 million as of March 31, 2024[34]. - An impairment loss of HK$103 million was recognized on loans to joint ventures during the period ended September 30, 2024[38]. - The Group is focusing on generating positive cash flow and maintaining a low gearing ratio to enhance sustainability amid market challenges[51]. Market Opportunities - The Hong Kong government plans to provide approximately 410,000 public housing units over the next decade, exceeding the projected demand of 308,000 units, presenting substantial opportunities for the construction industry[27]. - The Northern Metropolis development is expected to contribute around 210,000 new housing units over the next 10 years, further supporting market growth[27]. - The Group has observed increased investment interest in student accommodation and senior housing, supported by government policies[51]. Operational Developments - The Group completed the disposal of certain shops in a residential property named "The Austine Place" in July 2024, indicating active asset management strategies[25]. - The development of a property at No. 57A Nga Tsin Wai Road is in progress and expected to be completed next year[44]. - The Group's proactive sales strategy aims to navigate current market challenges in the property sector[51]. - The construction and renovation business outlook remains optimistic despite intense market competition[50]. Employee and Governance - As of 30 September 2024, the Group had 548 employees, an increase from 545 employees as of 30 September 2023[120]. - Staff costs for the six months ended 30 September 2024 amounted to HK$91.2 million, up from HK$88.8 million for the same period in 2023, representing a 4.3% increase[120]. - The Company has complied with all applicable code provisions of the Corporate Governance Code throughout the six months ended 30 September 2024[123]. - The Company emphasizes a quality board of directors and transparency in its corporate governance principles[155]. Shareholder Information - As of September 30, 2024, the total number of issued shares of the Company is 1,073,074,676 shares[91]. - CCM Trust holds 487,702,041 shares, representing approximately 45.44% of the issued shares[108]. - Mingly Corporation holds 104,243,301 shares, accounting for 9.71% of the issued shares[108]. - The Company has a total of 22,146,000 share options available, with 21,398,000 options remaining after adjustments[106]. - The Existing Share Option Scheme has 109,092,467 options available for grant as of April 1, 2024, and September 30, 2024[102]. - Directors' shareholdings include Chan Pak Joe with 2,830,100 shares, representing 0.26% of the issued shares[98]. - Lau Tze Yiu, Peter holds 5,110,950 shares, which is approximately 0.47% of the issued shares[98]. - The Company has not received notifications of any new interests or short positions in shares from other parties as of September 30, 2024[114]. - The share options under the 2011 Share Option Scheme are set to expire on October 17, 2024[105]. - The total number of shares held by directors and their interests as of September 30, 2024, is recorded in compliance with the Securities and Futures Ordinance[97]. Audit and Compliance - The Company has engaged Deloitte Touche Tohmatsu to assist in reviewing the unaudited condensed consolidated financial statements for the six months ended 30 September 2024[158]. - No purchases, sales, or redemptions of the Company's listed securities occurred during the six months ended 30 September 2024[154]. - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[165].

Financial Performance - For the six months ended September 30, 2024, Hanison Construction Holdings Limited reported unaudited consolidated revenue of HKD 984,300,000, an increase of 49.2% compared to HKD 659,800,000 in the same period last year, primarily driven by the construction segment[1] - The group recorded an unaudited consolidated loss of HKD 193,100,000 for the six months ended September 30, 2024, compared to a net loss of HKD 108,100,000 in the same period last year, mainly due to high interest rates and a downturn in the property market[2] - The operating performance (excluding revaluation losses and interest expenses) for the six months ended September 30, 2024, was a profit of HKD 23,000,000, compared to HKD 12,300,000 in the previous year[2] - Basic and diluted loss per share for the six months ended September 30, 2024, was HKD 0.18, compared to HKD 0.099 in the same period last year[3] - The company reported a total loss of HKD 193,082,000 for the six months ended September 30, 2024, compared to a loss of HKD 108,083,000 in the same period of 2023[13] Revenue Breakdown - Revenue for the six months ended September 30, 2024, reached HKD 984,330,000, a 49% increase from HKD 659,779,000 in the same period of 2023[10] - Construction contract revenue amounted to HKD 735,651,000, up 65% from HKD 445,397,000 year-on-year[12] - The revenue from decoration and maintenance contracts increased to HKD 125,971,000, representing an 8% rise from HKD 116,065,000[12] - Health product sales grew to HKD 6,109,000, a 18% increase compared to HKD 5,169,000 in the previous year[12] - The decoration and maintenance department recorded revenue of HKD 129.4 million, a decrease of 8.5% from HKD 141.4 million for the same period in 2023[35] - The building materials department achieved revenue of HKD 80.3 million, an increase of 39% from HKD 57.8 million in the previous year[36] - The property investment department recorded revenue of HKD 35,600,000 for the six months ending September 30, 2024, a decrease of 4.3% from HKD 37,200,000 for the same period in 2023[39] - The property agency and management department's revenue increased significantly to HKD 7,400,000, up 138.7% from HKD 3,100,000 in the previous year[40] - The health products department reported revenue of HKD 6,100,000, down 19.7% from HKD 7,600,000 for the same period in 2023[41] Assets and Liabilities - As of September 30, 2024, the group's non-current assets totaled HKD 3,589,603,000, down from HKD 4,178,381,000 as of March 31, 2024[5] - Current assets as of September 30, 2024, amounted to HKD 2,485,455,000, compared to HKD 2,047,739,000 as of March 31, 2024[5] - The group's net current asset value improved to HKD 839,499,000 as of September 30, 2024, from a net current liability of HKD 365,632,000 as of March 31, 2024[5] - Total assets less current liabilities as of September 30, 2024, were HKD 4,429,102,000, compared to HKD 3,812,749,000 as of March 31, 2024[5] - Total assets as of September 30, 2024, were HKD 6,075,058,000, down from HKD 6,226,120,000 as of March 31, 2024[15] - Total liabilities increased to HKD 2,499,569,000 from HKD 2,459,594,000 in the previous period[15] Dividends and Share Repurchases - The board of directors has resolved not to declare an interim dividend for the six months ended September 30, 2024, compared to an interim dividend of HKD 0.01 per share for the same period last year[2] - The total cost for share repurchases during the year was approximately HKD 19.999 million, with 17,964,000 shares repurchased and subsequently cancelled[14] - The company did not declare any dividends for the interim period[20] Impairment and Credit Losses - The impairment loss for the six months ended September 30, 2024, was HKD 103,264,000, significantly higher than HKD 17,063,000 in the previous year[16] - The expected credit loss for joint venture loans increased to HKD 238,013,000 as of September 30, 2024, compared to HKD 135,029,000 as of April 1, 2024, reflecting a significant rise in impairment losses[28] - The expected credit loss on joint venture loans resulted in a net impairment loss of HKD 103,000,000 for the period ending September 30, 2024[51] Financial Position and Ratios - The group maintained a healthy financial position with total bank balances and cash amounting to HKD 351,300,000 as of September 30, 2024, down from HKD 441,500,000 on March 31, 2024[46] - The current ratio improved from 0.85 times on March 31, 2024, to 1.51 times at the end of the reporting period[46] - The debt-to-equity ratio increased to 44.2% as of September 30, 2024, compared to 38.1% on March 31, 2024[48] - The group's total loans secured by properties were HKD 1,431,000,000 as of September 30, 2024, with a collateral value of approximately HKD 2,434,300,000[53] Business Operations and Outlook - The construction department's backlog of contracts was valued at HKD 4.652 billion as of September 30, 2024[34] - The group is currently involved in multiple construction projects, including residential developments in Tuen Mun and Kowloon Tong, with ongoing site works expected to complete next year[38] - The group has received planning approval for redevelopment projects in Chai Wan and Kwai Chung, with demolition work already commenced[38] - The construction materials department anticipates growth in demand due to government housing projects and the recovery of the private residential market[44] - The outlook for the construction industry remains optimistic, with the government planning to provide approximately 410,000 public housing units over the next decade[43] - The group is focusing on generating positive cash flow and maintaining a low debt-to-asset ratio to enhance sustainability amid market challenges[45] - The group is expanding its business network in the Greater Bay Area, leveraging the growth of e-commerce platforms in mainland China[45] Governance and Compliance - The group maintained compliance with all applicable corporate governance codes during the reporting period[57] - The company has engaged Deloitte to assist in the review of the interim financial statements for the six months ending September 30, 2024[59] - The unaudited consolidated financial statements have been reviewed by the audit committee[59] - The board of directors includes a mix of executive and non-executive members, ensuring diverse oversight[60]

Financial Performance - For the year ended March 31, 2024, the Group achieved revenue of HK$1,612.7 million, representing an increase of approximately 30.8% compared to the previous year (2023: HK$1,232.8 million) [20] - The consolidated loss attributable to owners of the Company was HK$216.0 million, compared to a loss of HK$38.4 million in 2023, primarily due to revaluation losses of investment properties and write-downs of properties under development totaling approximately HK$187.4 million [20] - The basic and diluted loss per share for the year ended March 31, 2024, were both HK19.9 cents, compared to HK3.5 cents for the previous year [21] - As of March 31, 2024, the Group's net asset value was HK$3,766.5 million, down from HK$4,072.7 million in 2023, with a net asset value per share of HK$3.51 [21] - Shareholders' funds decreased from HK$4,072.7 million in 2023 to HK$3,766.5 million in 2024 [17] - Interest expenses amounted to approximately HK$65.6 million due to rising interest rates, contributing to the overall loss [20] Dividends - The Board has resolved not to declare a second interim dividend for the year ended March 31, 2024, compared to HK5.0 cents per share in 2023 [26] - The first interim dividend declared was HK$0.01 per share, down from HK$0.025 per share in the previous year [29] Market Conditions - The Group's financial performance reflects challenges in the property market, impacting asset valuations and development projects [20] - The overall economic outlook remains cautious due to high interest rates and geopolitical tensions, impacting property market dynamics [46] - The global economy is projected to grow by 3.2% in 2024, maintaining the pace seen in 2023, despite ongoing challenges such as high interest rates and geopolitical tensions [27] - China's economy grew by 5.3% year-on-year in Q1 2024, driven by investment and net exports contributing 0.8 percentage points to GDP growth [28] - The property market is expected to stabilize by early 2025, coinciding with the completion of several ongoing projects [43] - The high interest rate environment has led to a 7.0% year-on-year decline in domestic property prices by December 2023, despite a slight recovery earlier in the year [158] - The property market faced a 5% contraction in transaction volume due to the high interest rate environment [158] Construction Division Performance - The increase in revenue was mainly driven by the Construction Division, indicating a positive trend in this segment [20] - The revenue for the Construction Division was HK$1,124.0 million for the year ended March 31, 2024, compared to HK$906.4 million last year, representing a growth of approximately 24.1% [66] - The total amount of contracts on hand for the Construction Division as of March 31, 2024, was HK$4,400.7 million [66] - The Group's construction-related business achieved project wins and contracts on hand totaling approximately HK$4.7 billion by the end of the financial year [40] - The construction industry in Hong Kong is projected to grow by 2.3% annually from 2025 to 2028, supported by government investments in transport, electricity, and housing [49] - The Group's Construction Division aims to improve operational efficiency through innovative construction technology and digitalization [96] Property Development - The Property Development Division recorded no revenue for the year ended March 31, 2024, consistent with the previous year [148] - The Group's property development projects made good progress during the year despite the challenging market conditions [158] - A total of 222 Sale and Purchase Agreements for Commodity Flats were signed for the joint venture project LUXÉAST, with all units delivered to customers [149] - The development of the residential project with Sun Hung Kai Properties at So Kwun Wat, Tuen Mun, is currently in progress [150] - The property at No. 57A Nga Tsin Wai Road, Kowloon Tong, is being developed into a premium residential project, with lease modification completed and premium fully settled [150] Interior and Renovation Division - The revenue for the Interior and Renovation Division was HK$293.3 million for the year ended March 31, 2024, up from HK$229.9 million the previous year, indicating an increase of about 27.7% [60] - The Group's Interior and Renovation Division experienced a decline in project enquiries and approvals due to the economic downturn, with many major renovation projects being put on hold [118] - The Group aims to enhance its reputation as a respected provider of interior and renovation services, focusing on continuous improvement and exceeding customer expectations [120] - The Group's Interior and Renovation Division is expected to have a positive outlook as new prospects emerge with the recovery of the construction industry [120] Property Investment - The Property Investment Division recorded a revenue of HK$80.2 million for the year ended March 31, 2024, compared to HK$64.1 million last year, representing a growth of approximately 25.1% [170] - The Group's investment properties contributed rental income during the financial year, including PeakCastle, The Mercer, and Hollywood Hill, among others [172] - The Group completed the disposal of certain shops and loading bays in the "West Park" residential development on December 29, 2023 [171] Strategic Focus - The Group's operational strategies may need to adapt to the current market conditions to mitigate losses and enhance profitability [20] - The Group is focusing on securing more public sector construction projects to enhance its market position [51] - The Group has adopted a cautious approach to property development and investment, focusing on existing projects amid market uncertainties [38] - The Group plans to increase investment in attracting and retaining talent, recognizing the importance of human resources for sustainable returns [51] - The Group is committed to developing effective marketing strategies and targeted campaigns to drive interest and facilitate property sales or rentals [189] Challenges and Opportunities - Labour shortages in the construction industry have led to higher costs for skilled workers, prompting the Group to invest in digitalization and recruitment initiatives [40] - The competitive landscape remains fierce, with price, service quality, project timelines, and track record being key factors for property owners when selecting service providers [119] - The uncertain economy and elevated financing costs are expected to continue affecting investment sentiment in the near term [159] - The introduction of talent admission schemes by the Government is expected to create additional demand for residential properties in Hong Kong [163]

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分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 截至二零二四年三月三十一日止年度，Hanison Construction Holdings Limited（興勝創建控 股有限公司）（「本公司」）及其附屬公司（統稱「本集團」）錄得收入港幣1,612,700,000元，較上 一財政年度增加約30.8%（二零二三年：港幣1,232,800,000元）。該增加主要來自建築部。本 公司擁有人應佔綜合虧損為港幣216,000,000元，而去年則錄得淨虧損港幣38,400,000元。淨 虧損主要是由於利率上升及物業市場下行，導致本集團及合營企業持有的投資物業估值 虧損及發展中之待售物業撇減約港幣187,400,000元，連同利息支出約港幣65,600,000元所 致。 就股東週年大會暫停辦理股份過戶登記手續 綜合損益及其他全面收益表 截至二零二四年三月三十一日止年度 (4,856) (7,357) 非流動資產 投資物業 2,743,080 3,033,980 物 ...

Financial Performance - For the six months ended September 30, 2023, the Group recorded an unaudited consolidated revenue of HK$659.8 million, representing an increase of 16.5% from HK$566.4 million for the same period last year[31]. - The unaudited consolidated loss for the six months ended September 30, 2023, was HK$108.1 million, compared to a net loss of HK$77.6 million for the same period in 2022, marking a 39.3% increase in net loss[12]. - The increase in net loss is primarily attributed to higher interest expenses and a further decrease in the revaluation of investment properties and properties under development for sale[12]. - The Group's overall financial performance reflects challenges, with increased losses and varying revenue across divisions, necessitating strategic adjustments moving forward[68]. Revenue by Division - The revenue of the Construction Division for the six months ended 30 September 2023 was HK$446.1 million, up 6.9% from HK$417.5 million in the previous year[45]. - The Interior and Renovation Division recorded revenue of HK$141.4 million, representing a 22.3% increase from HK$115.6 million for the same period in 2022[38]. - The Building Materials Division saw revenue rise to HK$57.8 million, a significant increase of 181.5% compared to HK$20.5 million in the prior year[40]. - The Property Development Division recorded no revenue for the six months ended 30 September 2023, consistent with the same period in 2022[53]. - The Property Investment Division recorded a revenue of HK$37.2 million for the six months ended September 30, 2023, up from HK$29.9 million in the same period last year, representing a growth of approximately 24.4%[92]. - The Property Agency and Management Division's revenue decreased to HK$3.1 million for the period under review, down from HK$8.9 million for the same period last year, reflecting a decline of approximately 65.2%[98]. - The Health Products Division recorded a revenue of HK$7.6 million for the six months ended 30 September 2023, up from HK$6.1 million for the same period in 2022, representing a growth of approximately 24.6%[103]. Dividends and Shareholder Returns - The Board has resolved to pay an interim dividend of HK1.0 cent per share for the six months ended September 30, 2023, down from HK2.5 cents for the same period in 2022[13]. - The dividend is expected to be paid to shareholders on December 8, 2023[13]. Strategic Focus and Market Conditions - The Group continues to focus on expanding its construction contracts, including major projects awarded during the period[17]. - The Group's financial position reflects ongoing challenges in the real estate market, impacting property valuations and development[12]. - The management is actively exploring new strategies to mitigate losses and enhance operational efficiency[12]. - The Group's performance indicates a need for strategic adjustments in response to market conditions and financial pressures[12]. - The Group's Property Development and Investment Divisions are closely monitoring local and global economic and political developments to adapt accordingly[118]. Construction and Development Projects - Major construction works undertaken during the period included public housing developments at Java Road and Hin Fat Lane, Tuen Mun[45]. - The Group received the Silver Award in the Life First 2023 Walk the Talk Award for the construction of public housing development at Hin Fat Lane, Tuen Mun[38]. - The Group's ongoing residential development projects include land conversion applications that have been completed, with development work currently in progress[88]. - The Group's joint venture disposed of land for Phase 2 and Phase 3 development, with the disposal completed in October 2023[55]. - The joint venture project Johnson Place, in which the Group has a 50% interest, has received approval for the planning application for bonus plot ratio, and demolition of the existing building will commence soon[90]. Financial Position and Liquidity - The Group's total bank balances and cash decreased from HK$399.5 million as of March 31, 2023, to HK$346.0 million as of September 30, 2023[123]. - The current ratio declined from 1.85 times as of March 31, 2023, to 0.79 times as of September 30, 2023[123]. - The Group has access to bank facilities totaling HK$3,479.5 million, with HK$1,696.4 million in bank loans drawn down as of September 30, 2023[124]. - The Group's liquidity position is expected to remain healthy with sufficient financial resources to meet obligations and future development requirements[125]. Share Repurchase Activity - The group repurchased 17,964,000 shares during the six months ended September 30, 2023, for a total consideration of approximately HK$19,999,000[155]. - The total number of shares repurchased in the six months ended September 30, 2022, was 2,568,000, indicating a significant increase in repurchase activity in the current period[200]. - During the year ended March 31, 2023, the company repurchased 20,644,000 shares for a total consideration of approximately HK$23,866,000, with 15,396,000 shares cancelled in that year and 5,248,000 shares cancelled in the six months ended September 30, 2023[172][173]. Environmental and Social Responsibility - The Group is actively researching and implementing environmentally friendly technologies and green building materials in response to global concerns for environmental protection[113]. - The Health Products Division aims to expand online sales channels and engage in social media promotions to capture consumer purchasing behavior post-COVID-19[119]. Market Outlook - The Hong Kong Government plans to increase the supply of public housing to 300,000 units over the next decade, maintaining a housing supply target of 430,000 units with a 70:30 ratio of public to private units[112]. - More than 19,000 private residential units are expected to be completed each year for the five years beginning in 2023[112]. - The construction industry is expected to benefit from new projects driven by infrastructure spending and housing development, providing additional opportunities for growth[117]. - The Labour Importation Scheme for the construction sector is expected to help address labor shortages and an aging workforce[112].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，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分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 1 （於開曼群島註冊成立之有限公司） （股份代號：896） 截至二零二三年九月三十日止六個月 中期業績公告 中期業績 截至二零二三年九月三十日止六個月，Hanison Construction Holdings Limited（興勝創建 控股有限公司）（「本公司」）及其附屬公司（統稱為「本集團」）錄得未經審核綜合收入港幣 659,800,000元，較去年相應期間之港幣566,400,000元增加16.5%。 截至二零二三年九月三十日止六個月，本集團未經審核綜合虧損為港幣108,100,000元，而 二零二二年同期錄得淨虧損為港幣77,600,000元。淨虧損較上期增加39.3%。淨虧損主要是 由於期內利息開支增加，以及本集團及合營企業持有的投資物業及發展中之待售物業估 值進一步減少所致。該等估值減少乃通過投資物業之公平值變動虧損、發展中之待售物業 撇減及分佔合營企業虧損等方式於期內確認。 截至二零二三年 ...