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 ...

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].