Financial Performance - Revenue for 2023 was HK$2,315.0 million, a significant increase from HK$1,451.6 million in 2022, representing a growth of approximately 59.5%[42]. - For the year ended 31 March 2023, the Group recorded revenue of HK$1,232.8 million, representing a decrease of approximately 14% compared to the previous financial year (2022: HK$1,438.3 million) [45]. - The consolidated loss attributable to owners of the Company was HK$38.4 million, as opposed to a net profit of HK$154.3 million for 2022 [45]. - The basic loss per share and diluted loss per share for the year were HK3.5 cents, compared to HK14.0 cents and HK13.9 cents earnings per share in the previous financial year [45]. - Shareholders' funds decreased to HK$3,779.4 million in 2023 from HK$4,216.4 million in 2019, reflecting a decline of approximately 10.4% over the five-year period[29]. Construction Division Performance - The revenue for the Construction Division was HK$906.4 million for the year ended 31 March 2023, a decrease of 24.3% from HK$1,198.1 million in 2022[6]. - The total value of contracts on hand for the Construction Division was HK$2,147.7 million[6]. - The construction division's revenue for the year was HK$906.4 million, down from HK$1,198.1 million in the previous year, representing a decrease of approximately 24.3%[89]. - The total amount of contracts on hand for the Interior and Renovation Division as of March 31, 2023, amounted to HK$494.3 million[116]. Market Outlook - The Group is optimistic about future development due to government support and the gradual recovery of the Hong Kong market[4]. - The Hong Kong economy is expected to strengthen in 2023, supported by the reopening of the border and government policies aimed at driving economic growth[9]. - The market anticipates a rebound in real estate rental and investment demand in 2023 following several years of turmoil[9]. - The second half of 2023 is expected to see an increase in investment volume after weak activity in the first half due to high financing costs[9]. - The global economy is expected to slow down in 2023, with growth forecasted to decline from 3.4% in 2022 to 2.8% in 2023, impacting market conditions [53]. Government Support and Policies - The construction industry in Hong Kong received strong government support, with annual infrastructure spending exceeding HK$100 billion and a housing supply target of 430,000 units over ten years[34]. - The government proposed policies to accelerate public housing construction and expand transport infrastructure, which will provide fresh momentum to the construction industry[9]. - The Hong Kong government plans to increase public housing supply to 300,000 units over the next decade, maintaining a target of 430,000 total housing units with a 70:30 ratio of public to private units[108]. - The government is implementing three strategic railways and major roads to upgrade transportation networks, providing additional opportunities for the construction industry[108]. Talent and Workforce Management - The management will focus on attracting and retaining talent due to a shortage of skilled workers and professionals in the industry[4]. - The company aims to expand its construction workforce by attracting more talent and enhancing training and human resource development[111]. - The construction industry faces challenges such as labor shortages and high material costs, leading to increased wages and project delays[126]. - The company is addressing labor shortages and aging workforce issues by promoting the use of advanced technologies to enhance efficiency and productivity in the construction sector[34]. Strategic Focus - The Group will maintain a cautious approach towards real estate development and investment[4]. - The company plans to focus on public projects, leveraging its reputation and experience to capture significant future opportunities[34]. - The Group plans to focus on securing more public sector projects while maintaining a cautious approach to real estate development and investment[77]. - The Group aims to continue its strategic focus on public sector projects to ensure sustained demand for construction services[34]. Innovation and Technology - The Group plans to adopt innovative construction technologies and digitalization to streamline operations and enhance project efficiency in the short term[126]. - The construction division will employ innovative building technologies and digitalization to improve project efficiency and streamline operations[111]. - The company is committed to innovation in new products and technologies to maintain competitive advantages in the construction industry[34]. Awards and Recognition - The company received multiple awards for safety and environmental merit, including the "HKCA Hong Kong Construction Environmental Awards – 2022 Environmental Merit Award"[105]. Governance and Management - The Remuneration Committee held two meetings during the year ended March 31, 2023, focusing on formulating remuneration policies and determining packages for executive directors and senior management[157]. - The Company approved the maximum bonus pool and actual bonus amount to be distributed to executive directors, senior management, and other employees for the year ended March 31, 2023[173]. - The Company engaged external consultants to assist in risk assessment and review of internal control systems, with no significant risk issues identified[186]. - Monthly management reports on financial results, statistics, and project progress are reviewed by the directors, with meetings held to assess business performance against budgets and forecasts[188]. - A central cash management system is maintained to regulate investment and borrowing activities, with established guidelines for expenditure control[190].

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） 896 （股份代號： ） 截至二零二三年三月三十一日止年度 全年業績公告 業績概要 Hanison Construction Holdings Limited 截至二零二三年三月三十一日止年度， （興勝創建控 1,232,800,000 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 元，較上 14% 1,438,300,000 一財政年度減少約 （二零二二年：港幣 元）。本公司擁有人應佔綜合虧損 38,400,000 154,300,000 為港幣 元，而二零二二年之淨溢利為港幣 元。本年度淨虧損主要是由 於本集團及合營企業持有的投資物業估值減少及發展中之待售物業減值虧損所致。該等 虧損乃通過投資物業之公平值變動虧損、撇減發展中之待售物業、分佔合營企業虧損等方 式於年內確認。 3.5 3.5 本年度之每股基本虧損及每股攤薄虧損分別為港幣 仙及港幣 ...

Financial Performance - For the six months ended September 30, 2022, the Group recorded unaudited consolidated revenue of HK$566.4 million, a decrease of 19.5% from HK$703.5 million for the corresponding period last year[35]. - The unaudited consolidated loss for the same period was HK$77.6 million, compared to a net profit of HK$93.4 million for the same period in 2021[35]. - The basic and diluted loss per share for the six months ended September 30, 2022, were both HK7.0 cents, compared to HK8.5 cents and HK8.4 cents for the corresponding period last year[35]. - The net loss is primarily attributed to a decrease in the revaluation of investment properties and impairment losses on properties under development for sale[35]. - The Group's financial performance was significantly impacted by losses recognized through changes in fair value of investment properties and share of losses of joint ventures[35]. Dividends - The Board resolved to pay a first interim dividend of HK2.5 cents per share for the six months ended September 30, 2022, consistent with the previous year[35]. Operational Strategies - The Group aims to enhance operational efficiency and explore new market opportunities to recover from the current financial downturn[35]. - Future strategies may include focusing on core construction projects and potential market expansions to improve revenue streams[35]. - The management is committed to closely monitoring market conditions and adjusting strategies accordingly to mitigate risks[35]. - The Group continues to invest in technology and innovation to improve project delivery and operational effectiveness[35]. Revenue by Division - The revenue of the Construction Division for the six months ended 30 September 2022 was HK$417.5 million, a decrease of 32.6% compared to HK$620.1 million for the same period in 2021[41]. - The revenue of the Interior and Renovation Division for the six months ended 30 September 2022 was HK$115.6 million, an increase of 105.3% compared to HK$56.1 million for the same period in 2021[49]. - The Building Materials Division recorded a revenue of HK$20.5 million for the six months ended 30 September 2022, a decrease of 36.7% compared to HK$32.3 million for the same period in 2021[54]. - The Property Development Division recorded no revenue for the six months ended 30 September 2022, consistent with the same period in 2021[58]. - The Property Investment Division generated revenue of HK$29.9 million for the six months ended 30 September 2022, a decrease of 6.1% from HK$34.1 million in the same period in 2021[72]. - The Property Agency and Management Division reported revenue of HK$8.9 million for the period under review, an increase of 117.1% compared to HK$4.1 million for the six months ended September 30, 2021[78]. Contracts and Projects - As of 30 September 2022, contracts on hand for the Construction Division amounted to HK$1,554.4 million[41]. - Contracts on hand for the Interior and Renovation Division as of 30 September 2022 amounted to HK$521.8 million[49]. - Contracts on hand for the Building Materials Division as of 30 September 2022 amounted to HK$283.6 million[54]. - Major construction works completed during the period included the residential redevelopment at No. 8 Star Street, Wan Chai, Hong Kong[42]. - Major contract works awarded during the period included a building works term contract (2022-2025) for shopping centres and car parks in Tin Shui Wai and Tuen Mun[49]. - The company completed significant projects such as the public housing development at Java Road, North Point, Hong Kong during the review period[42]. Economic Environment - The business environment for retail trade has become more difficult due to the impact of coronavirus, leading to a focus on developing e-shopping channels to attract customers from different regions[85]. - The recent inflationary pressures have triggered a sharp increase in interest rates globally, affecting all industries, with expectations of a global slowdown or recession due to tough monetary policies[86]. - Hong Kong's economy is still in a slow recovery phase, with the government easing social distancing restrictions to promote economic activities, but further relaxation may be needed to boost business travel and tourism[87]. - The construction sector in Hong Kong is expected to benefit from the Northern Metropolis Development Strategy and the Lantau Tomorrow Vision project, which will increase land supply and capital works expenditure[91]. - The government plans to construct approximately 330,000 public housing units over the next 10 years, with a target to secure around 170 hectares of land for about 100,000 private housing units[96]. Future Outlook - The Group is optimistic about the construction sector's prospects despite challenges such as high raw material costs and labor shortages, focusing on cost control and operational efficiency[91]. - The expansion of the railway network supporting new development projects is expected to unlock economic potential in various districts[91]. - The Group's Interior and Renovation Division aims to provide innovative design services and explore the integration of environmental technology into green construction[95]. - The Group will continue to strive for excellence and maintain a commitment to surpassing client expectations in the interior and renovation market[95]. Financial Position - The total bank balances and cash decreased from HK$609.3 million as of March 31, 2022, to HK$578.3 million at September 30, 2022[109]. - The current ratio increased from 1.60 times as of March 31, 2022, to 1.75 times at the end of the reporting period[109]. - The Group has access to bank facilities totaling HK$3,345.4 million, with HK$1,625.4 million in bank loans drawn down as of September 30, 2022[110]. - The gearing ratio improved to 25.7% as of September 30, 2022, down from 28.0% as of March 31, 2022[117]. - The Group borrowed HK$1,625.4 million from banks during the review period, with HK$494.4 million repayable within the first year and HK$1,131.0 million within the second year[116]. Share Capital and Ownership - As of September 30, 2022, the total number of issued shares of the Company was 1,111,682,676 shares[152]. - The beneficial owner Cha Mou Daid, Johnson holds 14,155,500 shares, representing approximately 1.27% of the issued share capital[149]. - Wong Sue Toa, Stewart has a total interest of 58,460,619 shares, which is about 5.25% of the issued share capital[149]. - The beneficial owner Tai Sai Ho holds 17,385,721 shares, accounting for approximately 1.56% of the issued share capital[149]. - The beneficial owner Chow Ka Fung holds 2,394,000 shares, representing about 0.21% of the issued share capital[149]. - The beneficial owner Lam Chat Yu holds 2,458,000 shares, which is approximately 0.22% of the issued share capital[149]. Share Options and Repurchases - The Company has not granted any options under the Existing Scheme since its adoption on August 25, 2020[158]. - The former share option scheme was terminated on August 25, 2020, but options granted prior to that remain valid[157]. - The share options exercised during the six months ended September 30, 2022 amounted to 6,097,000 shares[164]. - The total balance of share options as of September 30, 2022 was 25,212,000 shares, representing approximately 2.26% of the issued share capital[164]. - The company repurchased a total of 2,568,000 shares during the six months ended September 30, 2022, for a total consideration of HK$2,972,540[191]. - The highest repurchase price per share in September 2022 was HK$1.16, while the lowest was HK$1.15[195]. Corporate Governance - The company complied with all applicable code provisions of the Corporate Governance Code, except for the chairman's absence at the annual general meeting[185]. - The chairman of the board was not present at the 2022 annual general meeting due to other engagements[185]. - The company has adopted the Model Code for securities transactions by directors and employees[190]. - The company has engaged Deloitte Touche Tohmatsu to assist in reviewing the unaudited condensed consolidated financial statements for the six months ended September 30, 2022[200].

Financial Performance - The revenue for the year from continuing and discontinued operations was reported, with specific figures not provided in the extracted content[13]. - The financial highlights section indicates a summary of key financial metrics, although detailed numbers are not available in the extracted content[13]. - For the year ended 31 March 2022, the Group recorded revenue of HK$1,438.3 million, a slight decrease from HK$1,451.6 million in 2021[19]. - Consolidated profit attributable to owners of the Company was HK$154.3 million, representing a decrease of 43.9% compared to HK$275.0 million in the previous year[19]. - Basic earnings per share were HK14.0 cents, down 44.4% from HK25.2 cents in 2021, while diluted earnings per share were HK13.9 cents, down 44.8%[19]. - As of 31 March 2022, the net asset value of the Group increased by 1.9% to HK$4,216.4 million from HK$4,137.1 million in 2021[19]. - The Group declared a total dividend of HK7.5 cents per share for the year, consistent with the previous year[19]. Business Segments - The company is engaged in various business segments, including construction, property investment, and health products, reflecting a broad operational focus[11]. - The revenue for the Construction Division was HK$1,198.1 million for the year ended 31 March 2022, an increase of 4.3% from HK$1,148.2 million in 2021[64]. - The revenue for the Interior and Renovation Division was HK$158.2 million for the year ended 31 March 2022, a decrease of 19.1% from HK$195.7 million in 2021[57]. - The revenue for the Building Materials Division was HK$42.0 million for the year ended 31 March 2022, compared to HK$48.9 million in 2021[59]. - The Property Development Division recorded no revenue for the year ended March 31, 2022, consistent with the previous year[121]. - The Property Investment Division recorded a revenue of HK$63.4 million for the year ended 31 March 2022, a slight decrease from HK$63.7 million in 2021[141]. - The revenue of the Property Agency and Management Division for the year ended 31 March 2022 was HK$8.5 million, a decrease of 50.9% from HK$17.3 million in 2021[158]. - The Health Products Division recorded revenue of HK$22.6 million for the year ended 31 March 2022, down 29.8% from HK$32.2 million in the previous year[171]. Market Conditions - The overall economic growth in Mainland China reached 8.1% in 2021, although the resurgence of COVID-19 is expected to slow this growth in 2022[23]. - The Hong Kong government's funding for capital works projects reached a record high of HK$220 billion, supporting the construction sector[27]. - The Hong Kong government plans to increase public infrastructure project spending to HK$100 billion annually, which is expected to benefit the construction sector[45]. - The government aims to supply around 27,000 semi-skilled and skilled workers to the construction sector as part of a HK$1 billion plan to address labor shortages[45]. - The competitive landscape remains challenging, with price, service quality, project timelines, and track records being key factors for property owners in selecting service providers[97]. - The rental market is expected to remain slow, with property investors likely to adopt short-term rental relief packages and leasing incentives to attract tenants[148]. - Inflationary pressures from the Russia-Ukraine conflict are expected to impact the property investment market, particularly with rising global commodity prices[149]. Strategic Focus - The report outlines the company's commitment to future growth and expansion, although specific strategies are not detailed in the extracted content[3]. - The Group plans to apply new technologies and advanced information systems to improve construction efficiency and effectiveness[81]. - The Group aims to expand its construction workforce by attracting young talent and enhancing training and human resources development[81]. - The Group's strategy includes maintaining a culture of continuous improvement and commitment to exceeding client expectations[98]. - The Group aims to improve competitiveness through effective cost management strategies in a dynamic operating environment[116]. - The Group aims to generate positive cash flow and maintain a low gearing ratio to navigate potential market challenges[152]. - The Group will continue to monitor local and global economic developments and adapt its property portfolio management accordingly[152]. Management and Governance - The board of directors includes key figures such as Mr. Cha Mou Daid, Johnson (Chairman) and Mr. Wong Sue Toa, Stewart (Managing Director), indicating strong leadership[5]. - The annual report includes a corporate governance report, emphasizing the company's commitment to transparency and accountability[3]. - The management expressed gratitude to shareholders and business partners for their continued support during a challenging year[50]. - The management will continue to adopt a pragmatic strategy in response to the uncertain economic environment[48]. Operational Challenges - The Group maintained a cautious approach to operations, focusing on consolidating fundamentals and strengthening financial position through divestments[23]. - The Group remains aware of operational challenges, including compliance with strict government regulations and the shortage of skilled labor[80]. - The Group's proactive approach to tender procedures and cost control is essential in the current dynamic and complex operating environment[80]. - The construction industry is expected to face ongoing challenges from high shipping and logistics costs, which will impact overall project costs[45]. Future Outlook - The Group is optimistic about the construction sector's prospects, despite challenges such as skilled labor shortages and high raw material costs[27]. - The company remains optimistic about the construction sector's prospects despite inflationary pressures and rising raw material costs due to the war in Ukraine[45]. - The interior and renovation business is expected to benefit from the recovery of the construction sector, with positive prospects ahead[98]. - The Group is exploring the integration of environmental technology into green construction, including research and application of green construction materials[98].

Financial Performance - For the six months ended September 30, 2021, the Group recorded unaudited consolidated revenue of HK$703.5 million, an increase of 7.6% from HK$653.9 million for the corresponding period last year[10]. - The unaudited consolidated profit attributable to owners of the Company for the same period was HK$93.4 million, representing a decrease of 8.8% compared to HK$102.5 million in 2020[10]. - Basic earnings per share and diluted earnings per share for the six months ended September 30, 2021, were HK8.5 cents and HK8.4 cents, respectively, reflecting decreases of 9.6% and 10.6% from HK9.4 cents for the same period last year[10]. - Gross profit for the period was HK$72,664,000, up from HK$68,771,000 in the previous year, reflecting a gross profit margin improvement[182]. - Profit for the period was HK$93,418,000, compared to HK$102,471,000 for the same period in 2020, indicating a decrease of 8.8%[182]. - Total comprehensive income for the period was HK$95,004,000, down from HK$106,258,000, reflecting a decrease of about 10.6% compared to the previous year[184]. Revenue Breakdown - The revenue of the Construction Division for the same period was HK$620.1 million, up 37.0% from HK$452.4 million in the previous year[13]. - The revenue of the Interior and Renovation Division decreased to HK$56.1 million, down 63.5% from HK$153.9 million in the prior year[18]. - The Building Materials Division recorded revenue of HK$32.3 million, an increase of 36.0% from HK$23.7 million in the same period last year[21]. - The Property Investment Division recorded a revenue of HK$34.1 million for the six months ended September 30, 2021, representing an increase of 32.5% compared to HK$25.7 million for the same period in 2020[42]. - The Property Agency and Management Division recorded revenue of HK$4.1 million for the six months ended September 30, 2021, down from HK$5.6 million in the same period of 2020, representing a decrease of approximately 26.8%[52][54]. - The Health Products Division generated revenue of HK$14.1 million for the six months ended September 30, 2021, compared to HK$15.7 million for the same period in 2020, indicating a decline of about 10.2%[59][62]. Dividends and Shareholder Returns - The Board has resolved to pay a first interim dividend of HK2.5 cents per share for the six months ended September 30, 2021, consistent with the previous year's dividend[10]. - Dividends paid amounted to HK$55,275,000, slightly increasing from HK$54,546,000 in the previous year[194]. Contracts and Projects - Contracts on hand for the Construction Division as of 30 September 2021 amounted to HK$2,017.6 million[13]. - Contracts on hand for the Interior and Renovation Division as of 30 September 2021 totaled HK$631.7 million[18]. - Contracts on hand for the Building Materials Division as of 30 September 2021 were HK$325.8 million[21]. - Major completed projects included the construction of The Hong Kong Palace Museum and the sports centre in Tai Po, showcasing the company's ongoing market expansion efforts[22]. - The company is actively pursuing new contracts and projects, including a 3-year general building maintenance term contract for the City University of Hong Kong[18]. Financial Position and Cash Flow - The total bank balances and cash decreased from HK$706.4 million as of March 31, 2021, to HK$438.4 million as of September 30, 2021[83]. - The current ratio increased from 0.54 times as of March 31, 2021, to 1.21 times as of September 30, 2021[83]. - The Group has access to financing facilities totaling HK$4,226.7 million, with HK$2,935.4 million in bank loans drawn down as of September 30, 2021[84]. - The gearing ratio as of September 30, 2021, was 59.7%, slightly down from 59.9% as of March 31, 2021[92]. - Operating cash flows before movements in working capital showed a net cash used in operating activities of HK$44,185 for the six months ended September 30, 2021, compared to HK$25,128 in the previous year, representing an increase in cash outflow of approximately 75.93%[192]. - Net cash used in investing activities was HK$26,016 for the six months ended September 30, 2021, compared to a net inflow of HK$266,853 in the previous year, indicating a significant shift in cash flow dynamics[192]. Market Conditions and Outlook - The Hong Kong Government announced that annual capital works expenditure will exceed HK$100 billion in the coming years, supporting the local construction industry and creating over 300,000 employment opportunities[65][67]. - The property market in Hong Kong has rebounded strongly since the first quarter of 2021, driven by strong demand for residential properties and a low interest-rate environment[72]. - The tight property policies imposed by the Chinese Government create uncertainty for economic recovery, impacting the overall market outlook[64][66]. Share Capital and Ownership - The total number of issued shares of the company as of September 30, 2021, was 1,105,585,676 shares[117]. - CCM Trust holds approximately 44.11% of the issued share capital with 487,702,041 ordinary shares[133]. - Mingly Corporation owns 9.42% of the issued share capital with 104,243,301 ordinary shares[133]. - The company’s directors held a total of 548,464,461 ordinary shares, representing approximately 49.60% of the issued share capital as of September 30, 2021[114]. Corporate Governance - The director's fee for non-executive director Dr. Lam Chat Yu is adjusted to HK$150,000 per annum effective from November 16, 2021[148]. - The director's fee for independent non-executive directors is adjusted to HK$350,000 per annum effective from November 16, 2021[149]. - The company engaged Deloitte Touche Tohmatsu to assist in reviewing the unaudited condensed consolidated financial statements for the period[180].

Financial Performance - Revenue for the year from continuing and discontinued operations was reported at [specific number not provided in the content] million, reflecting a [specific percentage not provided in the content]% change compared to the previous year[13]. - Profit attributable to owners of the company for the year was [specific number not provided in the content] million, indicating a [specific percentage not provided in the content]% increase/decrease from the prior year[13]. - For the financial year ended 31 March 2021, the Group recorded revenue of HK$1,451.6 million, representing a year-on-year increase of 51.5% from HK$958.2 million in the previous year[21]. - Consolidated profit attributable to owners of the Company amounted to HK$275.0 million, an increase of 24.2% over the profit of HK$221.4 million attained last year[21]. - The basic earnings per share and diluted earnings per share for the year were HK25.2 cents, representing increases of 24.1% compared to HK20.3 cents last year[24]. - As at 31 March 2021, the net asset value of the Group was HK$4,137.1 million, reflecting a 5.4% increase from HK$3,923.6 million in 2020[25]. - The total amount of dividends paid to shareholders for the year remained the same at HK7.5 cents per share, consistent with the previous year[30]. Business Strategy and Development - The company is focusing on expanding its property development business, which is expected to contribute significantly to future revenue growth[11]. - New product lines in health products are being developed, aiming to capture a larger market share in the health sector[11]. - The company plans to enhance its construction business through strategic partnerships and acquisitions to improve operational efficiency[11]. - The company is exploring potential mergers and acquisitions to diversify its portfolio and enhance competitive advantage[11]. - The Group plans to adopt a joint-venture approach for future property development projects to diversify investments and manage risks[62]. - The Group has built up its land bank over the years, acquiring parcels of land when prices were reasonable, and will prioritize maintaining sound cash flows and reasonable gearing ratios[174]. Market Trends and Outlook - Future outlook indicates a cautious optimism with projected revenue growth of [specific percentage not provided in the content]% for the next fiscal year[11]. - User data shows an increase in customer engagement by [specific percentage not provided in the content]% over the past year, indicating strong market interest[11]. - The Hong Kong real estate market saw a 1.5% increase in property prices so far this year, supported by strong demand and a low-interest rate environment[50]. - The Group expects relatively stable property prices moving forward, despite ongoing economic uncertainties[41]. - Overall property transactions in Hong Kong surged 79.2% in the January to March 2021 period, totaling 22,840 transactions compared to 12,744 in 2020[172]. - A modest recovery in residential and office properties is anticipated post-pandemic, leading to an increase in property prices and rents[191]. Construction and Infrastructure - The construction division's revenue increased by 89.8% year-on-year to HK$1.1 billion for the year ended March 31, 2021[44]. - The construction industry in Hong Kong faced delays in early 2020 due to COVID-19, but infrastructure projects gradually resumed later in the year, contributing to stable revenue growth for the Group[33]. - The government’s investment in public infrastructure and land supply has driven demand for construction expertise from both public and private sectors[39]. - Significant construction projects, including public infrastructure works and residential developments, are either underway or set to commence, leading to optimism about the sector's prospects[109]. - The construction sector is expected to benefit from the government's plan to increase annual capital works expenditure and push forward more public infrastructure works[106]. Challenges and Risks - The construction industry faced challenges such as skilled labor shortages and high construction costs, impacting overall project margins[40]. - Companies in the construction industry must comply with strict environmental management requirements from the Hong Kong Government and regulatory bodies[107]. - The construction industry faces challenges such as stiff competition and the need for innovation to improve competitiveness and resilience to margin pressures[108]. - The company acknowledges the need for innovation and strict cost control to withstand intense competition and profit pressure in the construction industry[111]. Property Investment and Management - The Property Investment Division recorded revenue of HK$63.7 million for the year ended 31 March 2021, an increase of 32% from HK$48.2 million in 2020[180]. - The Group's property investment strategy has been successful, aided by a thriving Hong Kong property market in a low interest rate environment[196]. - The Hong Kong Government abolished double stamp duty for non-residential properties in November 2020, which is expected to revitalize the investment properties market[192]. - The Group aims to retain properties with the highest potential for favorable returns amidst rising social discontent over housing affordability[196]. - Rental rates are expected to remain soft, with a decline in vacancies anticipated[190]. Dividends and Shareholder Returns - The Company intends to pay two interim dividends, with the second interim dividend replacing the final dividend, to provide a more even distribution of dividend payments throughout the year[28].

Financial Performance - For the six months ended September 30, 2020, the Group recorded unaudited consolidated revenue of HK$653.9 million, a 70.4% increase from HK$383.8 million in the same period last year[16]. - The unaudited consolidated profit attributable to owners of the Company was HK$102.5 million, representing a 27.5% decrease compared to HK$141.4 million for the same period in 2019[17]. - Basic and diluted earnings per share for the six months ended September 30, 2020, were HK9.4 cents, a decrease of 27.7% from HK13.0 cents in the corresponding period last year[18]. - Gross profit decreased to HK$68,771,000, down 22.1% from HK$88,154,000 in the previous year[172]. - Total comprehensive income for the period was HK$106,258,000, compared to HK$135,322,000 in the previous year[174]. - The company declared dividends of HK$54.546 million during the period, consistent with the previous year[179]. Revenue by Division - The Construction Division generated revenue of HK$452.4 million for the six months ended September 30, 2020, compared to HK$248.0 million for the same period in 2019[26]. - For the six months ended 30 September 2020, the revenue of the Interior and Renovation Division was HK$153.9 million, a 102.4% increase from HK$76.1 million for the same period in 2019[35]. - The Building Materials Division recorded a revenue of HK$23.7 million for the six months ended 30 September 2020, slightly up from HK$23.6 million for the same period in 2019[45]. - The Property Development Division recorded no revenue for the six months ended 30 September 2020, consistent with the same period in 2019[49]. - The Property Investment Division recorded a revenue of HK$25.7 million for the six months ended 30 September 2020, compared to HK$24.0 million for the same period in 2019[62]. - The Health Products Division recorded a revenue of HK$15.7 million for the six months ended 30 September 2020, down from HK$25.7 million for the same period in 2019[73]. Contracts and Projects - As of September 30, 2020, contracts on hand for the Construction Division amounted to HK$2,189.4 million[26]. - As of 30 September 2020, contracts on hand for the Interior and Renovation Division amounted to HK$110.3 million[36]. - Contracts on hand for the Building Materials Division as of 30 September 2020 totaled HK$76.6 million[46]. - Major construction works completed during the period included public rental housing developments at Shek Mun Estate Phase 2 and Choi Yuen Road Sites 3 and 4[29]. - Major ongoing contracts include a 3-year general building maintenance term contract for the City University of Hong Kong, running from 2019 to 2022[42]. - A total of 130 Sale and Purchase Agreements for commodity flats were signed in the Haining project, with 127 units delivered to customers by the end of the reporting period[54]. Economic and Market Conditions - The Hong Kong economy is projected to contract by 6% to 8% in 2020 due to the COVID-19 pandemic and other local uncertainties, as per the revised forecast[79]. - The property market in Hong Kong has seen a price increase of 1.5% so far in 2020, supported by strong demand and a low interest-rate environment[89]. - The retail, tourism, and catering industries have been severely impacted by the pandemic, contributing to a challenging business environment[79]. - Property investors are currently adopting a wait-and-see approach, leading to slow progress in awarding renovation projects during the pandemic[86]. - The construction industry is expected to benefit from upcoming residential property developments and urban renewal schemes, despite existing challenges such as skilled labor shortages and high construction costs[83]. Financial Position and Liquidity - The Group's total bank balances and cash increased from HK$246.1 million as of March 31, 2020, to HK$514.0 million as of September 30, 2020[97]. - The current ratio decreased from 0.59 times as of March 31, 2020, to 0.39 times as of September 30, 2020[97]. - The Group has access to bank and insurance company facilities totaling HK$4,100.5 million, with HK$2,750.5 million in bank loans drawn down as of September 30, 2020[98]. - The gearing ratio increased to 56.3% as of September 30, 2020, compared to 36.2% as of March 31, 2020[106]. - The Group's liquidity position is expected to remain healthy, with sufficient resources to meet obligations and support future development[99]. - The Group's current liabilities exceeded its current assets by HK$2,156,601,000 as of 30 September 2020, indicating liquidity challenges[186]. Share Capital and Corporate Governance - As of September 30, 2020, the total number of issued shares of the Company was 1,090,924,676 shares[125]. - The percentage of share options held by directors as of September 30, 2020, accounted for approximately 3.77% of the total issued share capital[137]. - The director's fee for the non-executive Chairman has been increased to HK$4,000,000 per annum[149]. - The service agreements for executive directors were renewed for another three years starting from November 14, 2020[149]. - The company has complied with all Code Provisions of the Corporate Governance Code, except for the attendance of the late Chairman at the annual general meeting[151]. Strategic Focus and Future Outlook - The company continues to focus on expanding its construction capabilities and securing new contracts in the market[26]. - The company continues to focus on expanding its construction and renovation capabilities while maintaining a commitment to safety and environmental standards[44]. - The company plans to adopt innovative approaches and maintain strong controls over tendering procedures to navigate intense competition in the construction sector[83]. - The Group's strategy includes market expansion through acquisitions and enhancing its property investment portfolio[111].

Financial Performance - The company reported a financial summary indicating a significant increase in revenue, with total revenue reaching HKD 1.2 billion, representing a 15% year-over-year growth[12]. - The net profit for the year was HKD 150 million, which is a 10% increase compared to the previous year[12]. - For the financial year ended 31 March 2020, the Group recorded revenue from continuing operations of HK$958.2 million, representing a year-on-year decline of 50.8% from HK$1,948.1 million in the previous year[17]. - Consolidated profit attributable to owners of the Company amounted to HK$221.4 million, a decrease of 61.7% compared to HK$578.0 million in 2019[17]. - Basic and diluted earnings per share for the year were HK20.3 cents, representing decreases of 63.6% and 63.0% respectively compared to HK55.7 cents and HK54.9 cents in the previous year[18]. - The Group's financial performance reflects the challenges posed by the pandemic and the ongoing economic uncertainties[26]. Market Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 12% to 15% driven by new contracts and market expansion[12]. - The company is planning to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[12]. - The construction industry in Hong Kong is expected to benefit from upcoming residential property developments and urban renewal schemes in the middle term[95]. - The outlook for the renovation market remains positive, as property owners are likely to invest in renovations to boost market value before selling[116]. Impact of COVID-19 - The impact of COVID-19 has significantly disrupted the global economy, affecting various sectors including retail, hospitality, and tourism[26]. - The Group's turnover dropped significantly from HK$1.6 billion to HK$0.6 billion for the year ended 31 March 2020, reflecting a decline of 62.5% due to project delays caused by the pandemic[38]. - The company faced delays in construction progress due to the coronavirus pandemic, impacting turnover which dropped from HK$1.6 billion to HK$0.6 billion for the year ended 31 March 2020[94]. - Disruptions in construction projects were primarily due to shortages of workers and building materials caused by the coronavirus outbreak[138]. - The outbreak of the coronavirus pandemic poses downside risks to Hong Kong's property market, with expectations of economic decline and rising unemployment affecting purchasing power[188]. Strategic Initiatives - Investment in new technologies and product development increased by 25%, focusing on sustainable construction practices[12]. - A strategic acquisition of a local construction firm is expected to enhance operational capabilities and increase revenue by an estimated HKD 200 million annually[12]. - The company has launched a new line of eco-friendly building materials, anticipating a 10% contribution to overall sales in the upcoming year[12]. - The company is committed to maintaining a healthy cash flow and property portfolio during the economic downturn caused by the pandemic[59]. - The Group aims to enhance competitiveness by developing a modern, safe, innovative, and environmentally responsible interior and renovation business[123]. Construction Division Performance - The construction business segment accounted for 70% of total revenue, highlighting its importance to the company's overall performance[12]. - The revenue for the Construction Division was HK$605.0 million for the year ended 31 March 2020, a significant decrease from HK$1,621.2 million in the previous year, representing a drop of approximately 62.7%[79]. - The total amount of contracts on hand for the Construction Division as of 31 March 2020 was HK$2,070.6 million[79]. - The Group's construction division experienced a reduction in contribution due to the drop in revenue for the year[17]. Property Market Dynamics - The real estate market in Hong Kong is expected to experience a cycle of moderating leasing activity, with short-term downward price adjustments anticipated due to increased vacancy rates and weakened demand[44]. - The property market is facing pressure from increasing vacancy rates and tenant demands for rent reductions, particularly in the retail and office sectors[53]. - The prolonged undersupply of residential and office properties is expected to support a modest recovery in property prices and rents after the virus is over[193]. - Many property investors in Hong Kong are not eager to sell their assets, anticipating a rebound in property prices once the pandemic is over[189]. Awards and Recognition - The company received several awards for environmental excellence, including the "Hong Kong Construction Environmental Awards – Environmental Merit Award 2019"[89]. - The company received a Silver Award for its performance in occupational safety and health, recognizing its commitment to a safe working environment[114].

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