Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 111,185,000, a decrease of 11.1% from HKD 125,076,000 in the same period of 2023[6] - Gross profit increased to HKD 72,610,000, up 4.3% from HKD 69,547,000 year-on-year[6] - Profit before tax was HKD 4,642,000, down 38.5% from HKD 7,505,000 in the previous year[6] - Net profit for the period was HKD 4,244,000, slightly up from HKD 4,080,000 in 2023, representing a growth of 4.0%[6] - Total comprehensive income for the period was HKD 6,496,000, compared to HKD 7,540,000 in the same period last year, a decrease of 13.8%[6] - Basic and diluted earnings per share increased to HKD 0.40, up from HKD 0.38 in the previous year, reflecting a growth of 5.3%[6] Assets and Liabilities - Non-current assets totaled HKD 333,315,000, an increase from HKD 327,941,000 as of December 31, 2023[8] - Current assets amounted to HKD 256,462,000, a slight decrease from HKD 260,501,000 at the end of 2023[8] - Current liabilities increased to HKD 336,929,000 from HKD 323,434,000, resulting in a net current liability of HKD 80,467,000[8] - As of June 30, 2024, the total equity of the company is HKD 149,664,000, an increase from HKD 143,168,000 as of December 31, 2023, representing a growth of 4.4%[9] - The company's total liabilities decreased from HKD 121,840,000 as of December 31, 2023, to HKD 103,184,000 as of June 30, 2024, reflecting a reduction of 15.4%[9] - Total assets as of June 30, 2024, amounted to HKD 589,777,000, while total liabilities were HKD 440,113,000, resulting in a net asset position[22] Cash Flow and Operating Activities - The net cash generated from operating activities for the six months ended June 30, 2024, is HKD 34,780,000, compared to HKD 16,148,000 for the same period in 2023, indicating a significant increase of 115.1%[12] - The cash and cash equivalents decreased to HKD 17,096,000 as of June 30, 2024, from HKD 25,023,000 in the previous year, a decline of 31.7%[12] - The company reported a foreign exchange gain of HKD 2,252,000 from the translation of foreign operations[6] Borrowings and Financial Obligations - The company has a total borrowing amount of approximately HKD 145,622,000, with short-term borrowings of about HKD 137,752,000 as of June 30, 2024[14] - The company has secured a loan facility of HKD 120,000,000 at a fixed annual interest rate of 8%, which is due within 24 months from the drawdown date[14] - The company incurred other loan interest expenses of HKD 2,064,000 during the period[21] - Bank borrowings decreased to HKD 15,096,000 from HKD 20,383,000, a reduction of approximately 26.1%[44] - Non-bank borrowings also fell to HKD 16,738,000 from HKD 22,324,000, representing a decrease of about 25.2%[44] - The total borrowings as of June 30, 2024, were HKD 31,834,000, down from HKD 42,707,000, marking a decline of approximately 25.6%[44] Revenue Breakdown - Revenue from the Hong Kong market for the construction equipment business was HKD 60,015,000, an increase of 48.8% from HKD 40,334,000 in the previous year[24] - Revenue from Singapore decreased to HKD 39,083,000, down 14.4% from HKD 45,637,000 in the same period last year[24] - Revenue for the construction equipment business for the six months ended June 30, 2024, was HKD 111,185,000, a decrease of 11.1% from HKD 125,076,000 in the same period of 2023[26] - Service income increased to HKD 32,657,000, up 39.9% from HKD 23,314,000 year-on-year[26] - Rental income from self-owned factories and machinery was HKD 75,541,000, an increase of 10.2% compared to HKD 68,177,000 in the previous year[26] Shareholder Information - Major shareholders hold a total of 600,020,000 shares, representing approximately 56.60% of the issued shares[72] - Kaisa Group Holdings Limited is considered to have a controlled interest in the same shares held by Sheng Jun Group, amounting to 324,420,000 shares or about 30.60% of the issued shares[73] - Excel Range Investments Limited holds 275,600,000 shares, equivalent to approximately 26.00% of the issued shares, with ownership shared among three individuals[73] - The total number of issued shares is 1,060,000,000[73] Corporate Governance - The company has complied with all corporate governance codes as per the listing rules during the reporting period[76] - The independent auditor has reviewed the interim financial report in accordance with the relevant Hong Kong review standards[77] - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[79] - There are no disclosure obligations under Listing Rule 13.21 during the reporting period[78] - The company has confirmed that all directors adhered to the standard code of conduct for securities trading throughout the period[79]

Revenue Performance - Revenue for the six months ended June 30, 2024, was HKD 111,185,000, a decrease of 11.1% compared to HKD 125,076,000 for the same period in 2023[1] - Total revenue for the six months ended June 30, 2024, was HKD 670 million, a decrease from HKD 930 million in the same period of 2023, representing a decline of approximately 28%[20] - The group generated revenue of approximately HKD 111,200,000 for the period, a decrease from HKD 125,100,000 for the six months ended June 30, 2023, representing a decline of about 11.5%[35] Profitability - Gross profit increased to HKD 72,610,000, up 4.9% from HKD 69,547,000 year-on-year[1] - Profit before tax was HKD 4,642,000, down 38.1% from HKD 7,505,000 in the previous year[2] - Net profit for the period was HKD 4,244,000, a slight increase of 4.0% compared to HKD 4,080,000 in 2023[2] - Total comprehensive income for the period was HKD 6,496,000, down 13.8% from HKD 7,540,000 in the previous year[2] - Basic and diluted earnings per share increased to HKD 0.40, up from HKD 0.38 in the same period last year[2] - The company reported a net profit of HKD 4,244 for the six months ended June 30, 2024, compared to HKD 4,080 for the same period in 2023, showing a slight increase of approximately 4.0%[12] Assets and Liabilities - Non-current assets totaled HKD 333,315,000, a slight increase from HKD 327,941,000 as of December 31, 2023[3] - Current assets decreased to HKD 256,462,000 from HKD 260,501,000 at the end of 2023[3] - Total liabilities increased to HKD 336,929,000 from HKD 323,434,000 at the end of 2023[4] - The company reported a net current liability of HKD 80,467,000, compared to HKD 62,933,000 at the end of 2023[3] - Total assets as of June 30, 2024, amounted to HKD 589,777, slightly down from HKD 588,442 as of December 31, 2023[14] - The total liabilities as of June 30, 2024, were HKD 440,113, compared to HKD 445,274 as of December 31, 2023, reflecting a reduction of approximately 1.2%[14] Segment Performance - The segment profit for the construction equipment business was HKD 7,705 for the six months ended June 30, 2024, compared to HKD 8,295 for the same period in 2023, indicating a decrease of about 7.1%[12] - Revenue from machinery sales for the six months ended June 30, 2024, was HKD 221, a significant drop from HKD 16,376 in the same period of 2023[17] - Service income increased to HKD 32,657 for the six months ended June 30, 2024, up from HKD 23,314 in 2023, marking an increase of approximately 40.5%[17] - Rental income from owned factories and machinery was HKD 75,541 for the six months ended June 30, 2024, compared to HKD 68,177 in 2023, representing an increase of about 10.0%[17] - The construction equipment business generated HKD 60,015 in revenue from the Hong Kong market for the six months ended June 30, 2024, up from HKD 40,334 in 2023, indicating a growth of about 48.8%[16] Expenses and Investments - The group reported total administrative and other operating expenses of approximately HKD 61,900,000, an increase of about 10.3% compared to the six months ended June 30, 2023[43] - Financial expenses for the six months ended June 30, 2024, totaled HKD 5,719 thousand, slightly up from HKD 5,465 thousand in the same period of 2023, representing an increase of about 5%[22] - The company incurred a loss of HKD 1,481 thousand from the sale of property, plant, and equipment during the six months ended June 30, 2024, compared to a loss of HKD 282 thousand in the same period of 2023[28] - Capital expenditures for the six months ended June 30, 2024, amounted to approximately HKD 16,406 thousand, significantly higher than HKD 1,819 thousand in the same period of 2023[28] Market Outlook and Strategy - The group plans to increase investment in Singapore and Hong Kong to capitalize on the anticipated robust growth in the construction industry driven by rising market demand, particularly in residential construction and infrastructure development[44] - In Singapore, the total value of construction contracts awarded in the first half of 2024 is SGD 18.2 billion, accounting for 50% of the annual budget, with an expected total for the year between SGD 32 billion to SGD 38 billion[45] - The construction output in Singapore is projected to be between SGD 34 billion to SGD 37 billion for the year[45] - The Hong Kong government’s average annual capital expenditure for the next five years is estimated at HKD 90 billion, a 17% increase from the previous five-year average of HKD 76 billion[45] Governance and Communication - The mid-term report for the period has been published on the Hong Kong Stock Exchange and the company's website[59] - The board of directors includes executive directors and independent non-executive directors, ensuring a diverse governance structure[59] - The company is committed to timely communication with shareholders as per listing rules[59]

Financial Performance - The company generated revenue of approximately HKD 237.7 million for the fiscal year 2023, an increase of about 18.7% from HKD 200.2 million in 2022[8]. - The net profit for the fiscal year 2023 was approximately HKD 5.4 million, compared to HKD 5.2 million in 2022, reflecting a slight increase of about 3.8%[8]. - Other income and gains for the fiscal year 2023 were approximately HKD 3,300,000, a decrease of about 46.9% compared to the previous fiscal year, primarily due to reduced government subsidies[28]. - The group recorded a profit of approximately HKD 5,400,000 for the fiscal year 2023, compared to HKD 5,200,000 in 2022, reflecting a slight increase[28]. - Cash and cash equivalents held by the group as of December 31, 2023, were approximately HKD 24,200,000, down from HKD 38,400,000 in 2022[30]. - The total equity of the group increased to approximately HKD 143,200,000 as of December 31, 2023, compared to HKD 137,100,000 in 2022[31]. - The net current liabilities of the group were approximately HKD 62,900,000 as of December 31, 2023, down from HKD 74,100,000 in 2022[32]. - The group invested approximately HKD 111,500,000 in the acquisition of property, plant, and equipment during the year, compared to HKD 74,000,000 in 2022[34]. - The debt-to-equity ratio of the group decreased to 1.5 as of December 31, 2023, from 1.6 in 2022, mainly due to a reduction in interest-bearing loans[39]. Revenue Breakdown - Revenue from machinery sales increased by approximately 73.3% to HKD 15.8 million, driven by increased demand for new cranes in Hong Kong and Singapore[16]. - Rental income from machinery rose by approximately 7.1% to HKD 175.2 million, attributed to higher demand in the crane rental markets of Hong Kong and Singapore[16]. - Service revenue increased by approximately 72.3% to HKD 44.6 million, primarily due to rising service demand in Hong Kong[16]. - Revenue from the Hong Kong segment surged by approximately 111.5% to HKD 79.6 million, mainly due to an increase in the number and usage rate of cranes[17]. - The Singapore segment's revenue grew by approximately 33.9% to HKD 116.9 million, driven by an increase in the number of heavy tower cranes[18]. - The China segment experienced a decline in revenue of approximately 45.2% to HKD 41.2 million, primarily due to a slowdown in construction activities by real estate developers[19]. Future Outlook - The company plans to invest in heavy machinery to enhance production efficiency and diversify service offerings, aiming for a higher market share[9]. - The company is optimistic about future construction demand and intends to expand its crane rental business through significant investments and project management expertise[10]. - The construction industry demand in Singapore is projected to increase to SGD 32 billion to SGD 38 billion in 2024, compared to SGD 33.8 billion in 2023, indicating strong market demand for construction services[47]. - The Hong Kong government has identified sufficient land to build approximately 308,000 public housing units over the fiscal years 2024 to 2025, with an average annual completion of over 19,000 private housing units expected in the next five years[48]. - The potential supply of new private residential units in the next 3 to 4 years is estimated to be around 109,000 units, indicating a significant increase in construction projects[48]. - The demand for tower cranes is anticipated to rise significantly due to ongoing public and private construction projects, including traditional public housing and hospital expansion works, expected to last for about 4 to 5 years[48]. Corporate Governance - The company has adhered to the corporate governance code as stipulated by the Hong Kong Stock Exchange for the year ending December 31, 2023[111]. - The board of directors consists of three executive directors and three independent non-executive directors[82]. - The company has established a nomination committee to recommend candidates for the appointment and re-election of directors[119]. - All independent non-executive directors have confirmed their compliance with the independence requirements under the listing rules[123]. - The company provided training materials to directors and senior management to enhance their knowledge and skills related to corporate governance[122]. - The board has mechanisms in place to ensure independent opinions are communicated effectively, enhancing decision-making objectivity[124]. - The company has maintained a good corporate governance framework to strengthen management accountability and investor confidence[111]. - The chairman and CEO roles are separated, with Guo Yingcheng serving as chairman and Zheng Wei as CEO[114]. - The company has committed to continuous improvement in corporate governance practices to support long-term development[111]. Environmental, Social, and Governance (ESG) Performance - The company reported a focus on environmental, social, and governance (ESG) performance, aligning with the Hong Kong Stock Exchange's guidelines for ESG reporting[176]. - The company emphasizes sustainable development and risk management related to ESG issues, aiming to enhance operational resilience and compliance with relevant laws and regulations[177]. - The company has established a communication policy to strengthen engagement with shareholders and investors through its website, providing updates on business operations and financial information[173]. - The company aims to provide a balanced and consistent disclosure of ESG data, allowing for comparisons with industry standards and previous performance[181]. - The company has implemented a model to analyze environmental and social aspects based on continuous communication with stakeholders[181]. - The company’s ESG report includes qualitative and quantitative data to demonstrate its commitment to sustainable development and good performance[177]. - The company successfully reduced total solid waste by 82.54% through recycling construction waste in its Singapore operations in 2023[182]. - The board emphasizes the importance of integrating sustainability into every aspect of the business to achieve corporate growth[182]. - Stakeholder engagement is a core mission, with a focus on understanding their perspectives to assess potential impacts on future business activities[183]. - The company conducted a stakeholder importance assessment survey to identify key concerns and interests related to environmental, social, and governance (ESG) issues[188]. - The importance analysis matrix identified employee compensation, environmental protection measures, and anti-corruption policies as critical issues for stakeholders[191]. - The company is committed to maintaining open communication channels with both internal and external stakeholders to align with long-term sustainability goals[183]. - The company plans to continue monitoring ESG data and set new targets for future improvements[182]. Shareholder Engagement - The company emphasizes the importance of timely and effective communication with shareholders to build investor confidence[165]. - The dividend policy aims to provide reasonable returns to shareholders while considering long-term interests and sustainable development[168]. - Shareholders holding at least 10% of the paid-up capital can request a special general meeting within two months of their request[169]. - Shareholders can direct inquiries to the board via email or by attending annual and special general meetings for direct engagement[170]. - The board has reviewed the implementation and effectiveness of the shareholder communication policy, ensuring direct interaction opportunities[167]. Risk Management - The company has adopted the COSO Enterprise Risk Management framework to enhance its risk management processes and ensure all significant risks are identified and managed appropriately[156]. - The board confirmed that it will continue to monitor the risk management and internal control systems at least annually, ensuring compliance with financial, operational, and regulatory oversight[155]. - The company conducted a comprehensive risk assessment based on COSO Enterprise Risk Management, identifying key risks and action plans to mitigate them[159]. - An external independent consultant was appointed to perform internal audit functions, resulting in a three-year internal audit plan approved by the board[163]. - The board confirmed the effectiveness of the group's risk management and internal control systems, committing to continuous improvement[163].

Financial Performance - The total comprehensive income for the year ended December 31, 2023, was HKD 6,069 million, compared to HKD 4,863 million in 2022, representing a growth of approximately 25%[2] - The company reported a net profit of HKD 5,179 million for the year, compared to HKD 4,150 million in the previous year, showing an increase of approximately 24.8%[11] - Total revenue for the year ended December 31, 2023, was HKD 327,941,000, an increase from HKD 297,548,000 in 2022, representing a growth of 10.2%[30] - The reported segment profit for the property development business was HKD 12,391 million, compared to HKD 5,381 million in the previous year, reflecting a substantial increase[22] - The company reported a significant increase in service revenue, which rose to HKD 44,558,000 in 2023 from HKD 25,868,000 in 2022, an increase of 72.1%[59] - The net profit for the fiscal year 2023 was HKD 134,389,000, up from HKD 126,132,000 in 2022, indicating a growth of about 6.0%[163] Revenue Growth - Revenue from external customers in the property development business for the year was HKD 237,700 million, a significant increase from HKD 200,168 million in the previous year, indicating a growth of approximately 18.7%[22] - Revenue from the construction equipment business in Hong Kong was HKD 91,616 million, up from HKD 39,718 million in the previous year, indicating a growth of approximately 130%[29] - Revenue from machinery sales for the year was approximately HKD 15,800,000, representing an increase of about 73.3% compared to the previous fiscal year[100] - Revenue from construction equipment business reached HKD 62,489,000 in 2023, up from HKD 36,584,000 in 2022, marking a significant increase of 70.8%[33] - The rental income from machinery leasing increased by approximately 7.1% to about HKD 175,200,000, driven by increased demand in the crane leasing market in Hong Kong and Singapore[119] Financial Position - The group's total borrowings, including loans and related interest payable, amounted to approximately HKD 154,432 million, with cash and cash equivalents of about HKD 24,228 million[6] - The total assets of the group as of December 31, 2023, were HKD 559,546 million, with total liabilities amounting to HKD 422,447 million[27] - The total debt as of December 31, 2023, was HKD 216,235,000, compared to HKD 214,014,000 in the previous year, with a debt-to-equity ratio of 1.5[99] - The group’s net current liabilities and accumulated losses were approximately HKD 62,933 million and HKD 363,351 million, respectively, as of December 31, 2023[6] - The asset-to-liability ratio decreased to 1.5 as of December 31, 2023, from 1.6 in the previous year, primarily due to a reduction in interest-bearing loans[111] Market Outlook - The overall construction demand in Singapore for 2024 is estimated to be between SGD 32 billion and SGD 38 billion, an increase from SGD 33.8 billion in 2023[137] - The actual construction output for 2024 is projected to be between SGD 34 billion and SGD 37 billion, indicating strong market demand driven by infrastructure projects and housing needs[137] - The construction sector is expected to remain active, with annual construction volumes projected at SGD 31 billion to SGD 38 billion from 2025 to 2028[137] - The future outlook includes the construction of approximately 308,000 public housing units in Hong Kong over the next five years, with an average of over 19,000 private housing units completed annually starting in 2024[155] Corporate Governance and Strategy - The company has adopted corporate governance practices in line with the listing rules, ensuring compliance and enhancing investor confidence[156] - The company plans to continue expanding its market presence in Hong Kong, Singapore, and China, focusing on construction equipment and related services[55] - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[186] - The company has identified potential acquisition targets to support its growth strategy in the construction equipment sector[186] Other Financial Information - The total income tax expense for the year was HKD 7,123,000, compared to HKD 447,000 in the previous year[69] - The average number of ordinary shares outstanding remained at 1,060,000,000, with basic and diluted earnings per share of HKD 0.51, up from HKD 0.49[75] - The company received government subsidies of HKD 1,187,000 in 2022, which were not present in 2023, indicating a shift in financial support[62] - The group recorded a profit of approximately HKD 5,400,000 for the year, compared to HKD 5,200,000 in the previous year, reflecting a growth of about 3.8%[106] - The company has not yet adopted new and revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective, which may impact future financial reporting[9]

Financial Performance - Total revenue for the six months ended June 30, 2023, was HKD 125,076,000, representing a 30.6% increase from HKD 95,689,000 in the same period of 2022[13] - Gross profit for the same period was HKD 69,547,000, up from HKD 62,839,000, indicating a growth of 10.8%[13] - Profit before tax increased to HKD 7,505,000, compared to HKD 4,543,000 in the previous year, marking a 65.5% rise[13] - Net profit for the period was HKD 4,080,000, a 6.8% increase from HKD 3,820,000 in 2022[13] - The total comprehensive income for the period was HKD 7,540,000, compared to HKD 1,892,000 in the same period last year, reflecting a significant increase[13] - Basic and diluted earnings per share for the period were HKD 0.38, compared to HKD 0.36 in the previous year, reflecting a 5.6% increase[13] - The company reported an overall profit of HKD 4,080,000 for the six months ended June 30, 2023, compared to HKD 3,820,000 for the same period in 2022, reflecting a growth of 6.8%[32] - Other income and gains decreased to HKD 930,000 from HKD 3,090,000, representing a decline of 69.9% year-on-year[45] - Total operating expenses decreased to HKD 28,429,000 from HKD 31,111,000, a reduction of 8.6%[46] - Financial expenses increased to HKD 5,465,000 from HKD 4,898,000, marking an increase of 11.6%[48] Assets and Liabilities - Non-current assets as of June 30, 2023, totaled HKD 327,992,000, up from HKD 297,649,000 at the end of 2022, showing an increase of 10.2%[15] - Current assets decreased slightly to HKD 256,038,000 from HKD 261,897,000, a decline of 2.2%[15] - Total liabilities increased to HKD 339,444,000 from HKD 336,024,000, indicating a marginal rise of 1.4%[16] - The company's equity as of June 30, 2023, was HKD 144,639,000, compared to HKD 137,099,000 at the end of 2022, representing a growth of 5.5%[16] - The total assets as of June 30, 2023, amounted to HKD 584,030,000, compared to HKD 559,546,000 as of December 31, 2022, reflecting a growth of 4.4%[39] - The total liabilities as of June 30, 2023, were HKD 439,391,000, an increase from HKD 422,447,000 as of December 31, 2022, indicating a rise of 4.0%[41] - The company’s total liabilities exceeded its current assets by approximately HKD 83,406,000, highlighting potential liquidity concerns[23] Cash Flow and Financing - Cash generated from operating activities was HKD 16,148,000, a decrease of 79.3% from HKD 77,689,000 in the previous year[20] - The company reported a net cash outflow from financing activities of HKD 29,323,000, compared to HKD 57,928,000 in the previous year, indicating improved cash management[20] - The company’s cash and cash equivalents decreased to HKD 25,023,000 from HKD 38,442,000 at the beginning of the year, reflecting a net decrease of HKD 13,307,000[20] - The company’s operating cash flow net amount was HKD 14,429,000, down from HKD 74,987,000 in the previous year, indicating a significant decline in operational efficiency[20] - The company’s investment activities generated a net cash inflow of HKD 1,587,000, a recovery from a net cash outflow of HKD 17,332,000 in the previous year[20] - The group had cash and cash equivalents of approximately HKD 25 million as of June 30, 2023, down from HKD 38.4 million as of December 31, 2022[100] - The group's debt, valued in HKD, amounts to approximately 140,800,000 HKD due within one year as of June 30, 2023, compared to 129,100,000 HKD as of December 31, 2022[1] Revenue Breakdown - For the six months ended June 30, 2023, the reported revenue from the construction equipment business was HKD 125,076,000, an increase of 30.6% compared to HKD 95,689,000 for the same period in 2022[44] - The revenue from rental income for owned factories and machinery for the six months ended June 30, 2023, was HKD 68,177,000, up from HKD 60,457,000 in the same period of 2022, representing an increase of 27.4%[43] - The revenue from service income in the construction equipment business increased to HKD 23,314,000 for the six months ended June 30, 2023, compared to HKD 9,190,000 in the previous year, marking a significant growth of 153.5%[43] - Revenue from machinery sales was approximately HKD 16.4 million, a significant increase of approximately 231.4% compared to HKD 4.9 million for the six months ended June 30, 2022, driven by increased demand for new cranes in Hong Kong and Singapore[85] - Revenue from Hong Kong increased by approximately 124.9% to about HKD 40.3 million, up from HKD 17.9 million for the six months ended June 30, 2022, attributed to an increase in the number and usage rate of cranes[87] - Revenue from Singapore and other Asian markets (excluding Hong Kong and China) rose by approximately 38.9% to about HKD 58.1 million, compared to HKD 41.8 million for the same period last year, due to an increase in the number of heavy tower cranes[88] - Revenue from China decreased by approximately 25.8% to about HKD 26.7 million, down from HKD 35.9 million for the six months ended June 30, 2022, primarily due to a slowdown in construction activities by real estate developers[89] Employee and Corporate Governance - The group employed a total of 113 employees across Hong Kong, Singapore, and China as of June 30, 2023, up from 102 employees as of December 31, 2022[5] - The company has complied with all provisions of the Corporate Governance Code as set out in Appendix 14 of the Listing Rules during the period[117] - The audit committee reviewed the group's unaudited interim results for the six months ended June 30, 2023, in accordance with the Hong Kong Review Standards[118] - The company has adopted a standard code to regulate the conduct of directors in securities transactions, and all directors confirmed compliance throughout the period[122] Shareholder Information - Major shareholders hold approximately 56.60% of the company's issued shares, totaling 600,020,000 shares[10] - The company's capital structure remains unchanged with 1,060,000,000 issued ordinary shares as of June 30, 2023[2] - The company did not declare or pay any interim dividends for the period, consistent with the previous year[54] - The company decided not to declare an interim dividend for the six months ended June 30, 2023, consistent with the previous year[83]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 KAISA CAPITAL INVESTMENT HOLDINGS LIMITED 佳 兆 業 資 本 投 資 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：936） 截至二零二三年六月三十日止六個月 之中期業績公布 佳兆業資本投資集團有限公司（「本公司」，連同其附屬公司，統稱「本集團」）董事 會（分別簡稱「董事」及「董事會」）宣布本集團截至二零二三年六月三十日止六個 月（「本期間」）之未經審核簡明綜合業績連同截至二零二二年六月三十日止六個月 的未經審核比較數字如下： 簡明綜合損益及其他全面收益表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 二零二三年 二零二二年 附註 千港元 千港元 （未經審核） （未經審核） ...

Corporate Governance - The Audit Committee held three meetings this year and reviewed the audited financial statements for the year ending December 31, 2021, and the unaudited interim financial statements for the six months ending June 30, 2022[8]. - The Remuneration Committee is responsible for determining the remuneration of all executive directors and senior management, considering factors such as salary levels in comparable companies and the responsibilities of the positions[9]. - The Nomination Committee reviews the current structure and composition of the board annually, ensuring compliance with regulations and proposing changes as necessary[11]. - The company has adopted a board diversity policy since August 30, 2013, with measurable objectives to enhance diversity within the board[12]. - The group has engaged an external independent consultant for internal audit functions to enhance internal control systems[48]. - The group has adopted a three-year internal audit plan based on risk assessment results, approved by the board and audit committee[48]. Risk Management - The company conducted a group-wide review of risks based on the COSO Enterprise Risk Management framework, preparing a risk report that includes primary risks and related action plans[26]. - The board must consider the company's ability to pay dividends based on accumulated and future profits, liquidity levels, and future obligations[30]. Environmental Impact - The group reported a 10.73% decrease in total greenhouse gas emissions (Scope 1, 2, and 3) to 230.14 metric tons of CO2 equivalent in 2022[58]. - Solid waste decreased by 21.94% to 47.54 metric tons in 2022, indicating effective waste management strategies[60]. - Nitrogen oxides emissions increased by 81.92% to 419.14 kg in 2022 compared to 230.4 kg in 2021[58]. - The group has implemented energy-saving policies at workplaces, focusing on reducing energy consumption and improving efficiency[60]. - The group aims to reduce greenhouse gas emissions by promoting energy-efficient practices among employees[60]. - The company has implemented measures to reduce environmental impact, including energy-efficient lighting and water leak repairs[64][65]. - The group has established recycling initiatives for paper and plastic waste[66]. - The energy consumption for gasoline and diesel in 2022 was 63,370 kWh and 317,600 kWh, reflecting a decrease of 53.78% and an increase of 39.40% respectively compared to 2021[99]. - The total electricity consumption was 305,970 kWh, a decrease of 9.78% from 339,120 kWh in 2021[62]. - Water consumption decreased by 19.15% to 3,817 cubic meters in 2022, down from 4,721 cubic meters in 2021[62]. - The group has implemented measures to reduce environmental impact, including managing greenhouse gas emissions and solid waste[157]. Employee Management - The total workforce in 2022 was 102 employees, a decrease from 121 employees in 2021[70]. - The employee turnover rate for the age group 41-50 years increased by 38.10% in 2022[89]. - The overall employee turnover rate during the reporting period is approximately 8.82%, down from 12.00% in the previous year[109]. - A total of 74 employees, representing 73% of the workforce, participated in training programs, accumulating 569 hours of training, averaging 5.58 hours per employee[118]. - The average training duration per employee is monitored, with a focus on ensuring all employees receive adequate training[144]. - The average training hours for male employees decreased by 12.56% to 6.00 hours, while female employees saw an increase of 49.03% to 3.85 hours[123]. - The company emphasizes the importance of employee health and safety, adhering to relevant laws and regulations in Hong Kong, China, and Singapore[95]. - The company aims to foster a safe culture by providing various training programs to enhance employees' skills and knowledge related to occupational safety and health[97]. - The company encourages employees to participate in external training and seminars to improve their awareness of reporting accidents and potential hazards[97]. - The total number of employees in mainland China decreased by 7.25% to 23 in 2022[84]. Supplier and Procurement Management - The group has reduced its number of suppliers from 195 in 2021 to 140 as of December 31, 2022, with suppliers located in Singapore (81), China (38), Hong Kong (20), and South Korea (1)[125]. - The group emphasizes sustainable procurement practices and aims to minimize negative environmental impacts through continuous communication with suppliers regarding their environmental and social responsibilities[127]. - The group has established strong relationships with suppliers to effectively manage the supply chain and meet market demands[125]. - The group regularly evaluates the performance of product and service suppliers to ensure quality control and compliance with contractual requirements[160]. Compliance and Ethics - The group has maintained compliance with local laws and regulations related to anti-corruption, bribery, fraud, and money laundering, with no legal actions faced due to corruption during the reporting period[133]. - The group has implemented a whistleblowing policy to allow employees to report suspicious activities confidentially, ensuring protection for whistleblowers[132]. - The group is committed to maintaining a discrimination-free work environment and adheres to relevant labor laws prohibiting child and forced labor[145]. - The group has a zero-tolerance policy towards bribery and corruption, ensuring high standards of business ethics and integrity[132]. - The group strictly enforces anti-corruption policies and requires all employees to adhere to professional ethical standards to prevent fraud and bribery[156]. - The group has taken steps to ensure compliance with various local laws and regulations affecting employee rights and workplace safety[138]. Financial Performance - The group's revenue for the year was approximately HKD 200,200,000, a decrease from HKD 214,700,000 in the previous year, representing a decline of about 6.9%[197]. - The group generated a profit of approximately HKD 5,200,000 for the year, compared to HKD 4,000,000 in the previous year, indicating an increase of about 30%[198]. - Total equity as of December 31, 2022, increased to approximately HKD 137,100,000 from HKD 132,200,000 in the previous year, reflecting a growth of about 3.4%[188]. - Other income and gains for the year were approximately HKD 6,100,000, a decrease of about 20.4% compared to the previous fiscal year, primarily due to reduced dividends and investment income from financial assets[200]. - Revenue from the Hong Kong division decreased by approximately HKD 5,500,000 or 12.7%, from HKD 43,100,000 in the previous year to HKD 37,600,000, mainly due to project delays[186]. Community Engagement - The group has committed resources to support community initiatives and encourage employee participation in charitable activities despite facing resource allocation challenges[157]. - The group is focused on enhancing its corporate social responsibility and maintaining harmonious relationships with stakeholders despite challenges posed by the COVID-19 pandemic[134]. Product Quality and Customer Relations - The group emphasizes product safety and quality as a key competitive advantage, ensuring all products meet safety and quality standards before acceptance from suppliers[149]. - The group has established an effective management system for handling customer feedback and complaints, ensuring timely responses and corrective actions[153]. - The group has developed multiple operational manuals to standardize procedures and maintain service quality and consistency[153]. - The group is committed to maintaining high product quality to ensure long-term customer support and trust[151]. - The group has not recognized any impairment provision for the development properties as of December 31, 2022, based on management's analysis of their recoverable amounts[160]. - The value of the group's development properties as of December 31, 2022, is approximately HKD 133,630,000, accounting for about 24% of the total assets[160].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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。 KAISA CAPITAL INVESTMENT HOLDINGS LIMITED 佳 兆 業 資 本 投 資 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：936） 截至二零二二年十二月三十一日止年度 之年度業績公告 佳兆業資本投資集團有限公司（「本公司」，連同其附屬公司，統稱「本集團」）董事 會（「董事會」或「董事」）宣布本集團截至二零二二年十二月三十一日止財政年度（「二 零二二財政年度」或「本年度」）之經審核綜合業績連同截至二零二一年十二月 三十一日止財政年度（「二零二一財政年度」）之比較數據如下： 綜合損益及其他全面收益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 千港元 千港元 收益 5 200,168 214,744 銷售及服務成本 (74,036) (80,336) ...

Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 95,689,000, a slight increase of 0.97% compared to HKD 94,774,000 in the same period of 2021[7] - Gross profit for the same period was HKD 62,839,000, representing a 13.1% increase from HKD 55,124,000 year-on-year[7] - The net profit for the period was HKD 3,820,000, up 11.9% from HKD 3,413,000 in the previous year[7] - Total comprehensive income for the period was HKD 1,892,000, a decrease of 52.2% compared to HKD 3,572,000 in the prior year[7] - Basic and diluted earnings per share for the period were HKD 0.36, compared to HKD 0.37 in the previous year[7] - The company reported a foreign exchange loss of HKD 1,928,000 during the period, compared to a gain of HKD 159,000 in the prior year[7] - The total profit for the period was HKD 3,820,000, after accounting for unallocated corporate expenses[45] - Profit for the period was approximately HKD 3,800,000, compared to HKD 3,400,000 for the same period in 2021, reflecting an increase of about 11.8%[120] Assets and Liabilities - Non-current assets as of June 30, 2022, amounted to HKD 287,387,000, down from HKD 296,485,000 at the end of 2021[9] - Current assets totaled HKD 229,850,000, a decrease from HKD 253,531,000 at the end of 2021[9] - Current liabilities increased to HKD 298,007,000 from HKD 287,186,000 at the end of 2021[11] - The company's total assets less current liabilities stood at HKD 219,230,000, down from HKD 262,830,000 at the end of 2021[9] - As of June 30, 2022, the total assets reported by the company amounted to HKD 517,237,000[48] - The total liabilities of the company as of June 30, 2022, were HKD 383,109,000[48] - The company’s total equity as of June 30, 2022, was HKD 134,128,000[48] - The net current liabilities of the group as of June 30, 2022, were approximately HKD 68,200,000, an increase from HKD 33,700,000 as of December 31, 2021[130] Cash Flow and Investments - Cash generated from operating activities was HKD 74,987,000, a substantial increase from HKD 10,064,000 in the prior year, reflecting improved operational efficiency[17] - The company incurred a net cash outflow from investing activities of HKD 17,332,000, compared to HKD 40,176,000 in the previous year, showing a reduction in investment expenditures[17] - Financing activities resulted in a net cash outflow of HKD 57,928,000, a decrease from HKD 19,334,000 in the prior year, indicating a tighter cash management strategy[17] - As of June 30, 2022, cash and cash equivalents stood at HKD 25,560,000, an increase from HKD 19,448,000 at the end of the previous year, reflecting improved liquidity[17] Segment Performance - Revenue from external customers for the six months ended June 30, 2022, was HKD 95,689,000, with contributions from various segments including HKD 17,935,000 from Hong Kong and HKD 41,816,000 from Singapore[45] - The report indicates a segment loss of HKD 2,922,000 from the Hong Kong operations, while the Singapore segment reported a profit of HKD 9,456,000[45] - The company’s Singapore operations generated revenue of HKD 39,456,000, an increase from HKD 33,026,000 in the previous year, representing a growth of approximately 19.0%[61] - The company reported a segment loss of HKD 3,937,000 for Hong Kong operations, compared to a profit of HKD 2,328,000 in the previous year[52] Corporate Governance and Compliance - The company is committed to maintaining its listing on the Hong Kong Stock Exchange, ensuring compliance with regulatory requirements[19] - The company has complied with all provisions of the Corporate Governance Code during the reporting period[151] - The Audit Committee has reviewed the accounting principles and practices adopted by the group and discussed matters related to audit, risk management, and financial reporting[154] - The company remains committed to maintaining high standards of corporate governance[159] Future Outlook and Strategy - The company plans to continue focusing on its construction equipment business and property development, aiming for strategic growth in these sectors[19] - The group plans to leverage its competitive advantages across Singapore, Hong Kong, and mainland China to expand its sales network into Southeast Asia, South Korea, Dubai, and South America[126] - The group aims to enhance its market share and brand influence in the public construction sector during the market adjustment period in China[127] Employee and Shareholder Information - The group employed a total of 100 employees across Hong Kong, Singapore, and China as of June 30, 2022, down from 121 employees as of December 31, 2021[137] - Major shareholders hold a total of 600,020,000 shares, representing approximately 56.60% of the company's issued shares as of June 30, 2022[143] - Kaisa Group Holdings Limited owns 324,420,000 shares, equivalent to about 30.60% of the company's issued share capital[145] - Excel Range Investments Limited holds 275,600,000 shares, accounting for approximately 26.00% of the company's issued share capital[145] Miscellaneous - The report was disclosed on August 30, 2022, indicating a mid-year review of the company's performance[159] - The document emphasizes the importance of regulatory compliance for the board of directors[159] - Future outlook and performance guidance are not detailed in the current document[159] - No new products, technologies, market expansions, or mergers and acquisitions are mentioned in the content[159]

Financial Performance - The group generated revenue of approximately HKD 214.7 million for the year ended December 31, 2021, compared to HKD 143.1 million in 2020, representing a year-on-year increase of approximately 50%[5] - The group achieved a profit of approximately HKD 4 million for the year, a significant turnaround from a loss of approximately HKD 63 million in 2020[5] - Other income and gains from continuing operations for the fiscal year 2021 amounted to approximately HKD 7,700,000, an increase of about 32.4% compared to the previous fiscal year[16] - The group recorded a profit of approximately HKD 4,000,000 from continuing operations for the fiscal year 2021, compared to a loss of approximately HKD 63,000,000 in 2020[16] - The company reported a significant financial performance for the fiscal year ending December 31, 2021, with total revenue contributions from the top five customers accounting for approximately 36.8%, with the largest customer contributing about 12.5%[85] Revenue Breakdown - Revenue from machinery sales decreased by approximately 3.7% to HKD 11.7 million due to reduced demand for new cranes in Hong Kong and Singapore[11] - Rental income from machinery leasing increased by approximately 68.4% to HKD 170.4 million, primarily driven by the development of the tower crane rental market in China[11] - Service revenue rose by approximately 11.4% to HKD 30.9 million, attributed to increased demand for services in Hong Kong[11] Property Development and Expansion Plans - The group has a property development project in Mong Kok, with a total area of 2,718 square feet, currently under development and expected to be completed by February 2024[13] - The group plans to continue evaluating construction and real estate projects in Hong Kong, Singapore, and mainland China, with an aim to acquire construction companies and increase land reserves[6] - The group plans to continue expanding in the Chinese tower crane market and evaluate real estate projects in Hong Kong, Singapore, and mainland China to increase land reserves for future growth[39] Financial Position - As of December 31, 2021, the group's property, plant, and equipment were approximately HKD 187,600,000, representing an increase of about 35.2% from December 31, 2020[16] - As of December 31, 2021, the group's total equity increased to approximately HKD 132,200,000, compared to approximately HKD 127,300,000 in 2020[19] - The group's current liabilities net value was approximately HKD 33,700,000 as of December 31, 2021, down from approximately HKD 39,500,000 in 2020[20] - The group's debt-to-equity ratio increased to 2.0 as of December 31, 2021, compared to 1.8 in 2020, primarily due to an increase in interest-bearing loans[27] Audit and Compliance - The audit opinion for the financial statements for the year ended December 31, 2020, was modified due to limitations in the audit scope related to the sale of the subsidiary, Jia Cheng Group[45] - The management acknowledged that the inability of the auditors to access the offices and plantations of Guangdong Dahe Biotech Co., Ltd. restricted the acquisition of sufficient audit evidence[41] - The modification of the audit opinion is limited to the comparability of the consolidated profit and loss and other comprehensive income statements for the years ended December 31, 2020, and December 31, 2021[45] - The auditors expect that the modification to the audit opinion can be removed in the consolidated financial statements for the year ending December 31, 2022[45] - The management is aware that any necessary adjustments could impact the group's assets, liabilities, accumulated losses, and performance for the year ended December 31, 2021[41] Corporate Governance - The company has maintained good relationships with employees, customers, and suppliers, emphasizing the importance of these relationships for achieving short-term and long-term goals[69] - The company has adopted a standard code for securities trading by directors, confirming compliance throughout the year[132] - The board currently consists of six members with backgrounds in finance, law, accounting, and business[135] - The company has established three board committees: Audit Committee, Remuneration Committee, and Nomination Committee to oversee specific areas[150] - The company has implemented sufficient insurance coverage for directors against legal liabilities arising from corporate activities[139] Shareholder Engagement - The company emphasizes maintaining a consistent and stable dividend policy, considering long-term interests and sustainable development[193] - Shareholders holding at least 10% of the voting rights can request a special general meeting within two months of their request[197] - The company encourages shareholders to attend annual and special general meetings to directly inquire with the board[198] - The company aims to enhance corporate governance and welcomes shareholder feedback to improve transparency[191] - All corporate communications are published on the company's website to ensure transparency and accessibility for investors[192] Risk Management - The company adopted the COSO Enterprise Risk Management framework to conduct a risk assessment for the year[181] - The risk management and internal control systems are designed to manage risks, not eliminate them, providing reasonable assurance against material misstatement or loss[186] - The group prepared a risk report covering primary risks and related action plans to mitigate those risks[187] - The board and audit committee confirmed the effectiveness of the company's risk management and internal control systems for the year[190]