股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 滬港聯合控股有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01001 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | 本月底法定/註冊股本總額： HKD 100,00 ...

Core Viewpoint - As of July 18, 160 stocks reached their 52-week highs, with notable performances from China New Economy Investment (00080), Aoyuan Group Equity (02905), and Zhong An Holdings Group (08462) showing high growth rates of 288.89%, 55.28%, and 50.00% respectively [1][2]. Summary by Category 52-Week High Performers - China New Economy Investment (00080) closed at 0.440, with a peak price of 0.700, achieving a growth rate of 288.89% [2]. - Aoyuan Group Equity (02905) closed at 0.218, with a peak price of 0.250, achieving a growth rate of 55.28% [2]. - Zhong An Holdings Group (08462) closed at 0.221, with a peak price of 0.228, achieving a growth rate of 50.00% [2]. - Other notable performers include Hualian International (00969) with a growth rate of 40.13% and Zhongke Bio (01237) with a growth rate of 37.25% [2]. Additional High Performers - Wanma Holdings (06928) closed at 0.550 with a growth rate of 30.43% [2]. - Lepu Biopharma-B (02157) closed at 7.940 with a growth rate of 24.54% [2]. - Other stocks with significant growth include ZhiJianYueDong (06860) at 17.14% and China Jindian Group (08281) at 17.12% [2]. 52-Week Low Performers - The document also lists stocks that reached their 52-week lows, with XI Ernan CO-U (09311) showing a decline of 16.10% [6]. - Other notable declines include XI Ernan CO (07311) at -12.62% and Haotian International Construction Investment (01341) at -5.70% [6].

BOARD OF DIRECTORS Executive Directors Mr. Yao Cho Fai Andrew (Chairman and Chief Executive Officer) Mr. Lau Chi Chiu Non-executive Director CONTENTS 目錄 | 2 Corporate Information | | --- | | 公司資料 | | 4 Highlights | | 摘要 | | 5 Five-Year Financial Summary | | 五年財務摘要 | | 6 Chairman's Statement | | 主席報告書 | | 12 Management Discussion and Analysis | | 管理層討論及分析 | | 27 Corporate Governance Report | | 企業管治報告 | | 55 Report of the Directors | | 董事會報告 | | 73 Profile of Directors and Senior Management | | 董事及高級管理人員履歷 | ...

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之內容概不負責，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之任何損 失承擔任何責任。 HONG KONG SHANGHAI ALLIANCE HOLDINGS LIMITED 滬港聯合控股有限公司 （於百慕達註冊成立之有限公司） （股份代號：1001） 截至二零二五年三月三十一日止年度之 全年業績公告 綜合損益表 截至二零二五年三月三十一日止年度 滬港聯合控股有限公司（「本公司」）之董事會（「董事會」）謹此宣佈本公司及其附屬公司（統稱「本集 團」）截至二零二五年三月三十一日止年度（「本年度」）之綜合業績。 財務摘要 截至三月三十一日止年度 | | 二零二五年 | 二零二四年 | 變動 | | --- | --- | --- | --- | | | 百萬港元 | 百萬港元 | | | 收入 | 2,111.8 | 2,303.2 | -8.3% | | 毛利 | 347.2 | 384.1 | -9.6% | | 經營溢利 | 157.0 | 199.9 | -21.5% | | 年度溢利 ...

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 989.7 million, a decrease of 20.6% compared to HKD 1,246.8 million in the same period of 2023[3] - Gross profit decreased by 19.5% to HKD 168.2 million, down from HKD 208.9 million, resulting in a gross margin of 17.0%, an increase of 0.2 percentage points[3] - Operating profit fell by 27.4% to HKD 84.5 million, compared to HKD 116.5 million in the previous year, leading to an operating margin of 8.5%, down by 0.8 percentage points[3] - Net profit for the period was HKD 50.1 million, a decline of 6.4% from HKD 53.5 million, while profit attributable to shareholders increased by 3.2% to HKD 54.9 million[3] - Basic earnings per share rose by 3.5% to HKD 8.60, compared to HKD 8.31 in the prior year[3] - The interim dividend per share increased by 20.0% to HKD 1.80, up from HKD 1.50[3] Assets and Liabilities - Total assets as of September 30, 2024, amounted to HKD 2,642.9 million, a slight decrease from HKD 2,649.9 million as of March 31, 2024[9] - Non-current assets totaled HKD 1,743.9 million, an increase from HKD 1,703.7 million[9] - Current assets decreased to HKD 898.99 million from HKD 946.22 million, primarily due to a reduction in inventory and cash[9] - Total liabilities decreased to HKD 1,517.2 million from HKD 1,608.0 million, reflecting a reduction in current liabilities[11] Revenue Breakdown - Sales of goods recognized at a point in time amounted to HKD 947.57 million, down 21.4% from HKD 1,205.95 million year-on-year[25] - Revenue from customer contracts recognized at a point in time was HKD 780,966,000 for steel distribution and processing, and HKD 166,602,000 for building materials distribution[31] - Revenue from mainland China was HKD 248,302,000, down 30% from HKD 353,748,000 in the same period of 2023[35] - Revenue from Hong Kong was HKD 741,438,000, a decrease of 17% from HKD 893,014,000 in the same period of 2023[35] Financial Position - The group has unutilized bank financing of HKD 895.0 million and utilized bank financing of HKD 1,007.5 million as of September 30, 2024[17] - The board believes that the bank financing will continue to support the group's operational needs for the next twelve months[18] - The group has successfully negotiated with several banks to increase credit limits to meet short-term liquidity needs[17] - The total borrowings as of September 30, 2024, were HKD 1,160,605,000, a decrease from HKD 1,259,501,000 as of March 31, 2024, representing a reduction of 7.8%[55] Segment Performance - The group operates three main business segments: steel distribution and processing, construction materials distribution, and real estate investment and fund management[26] - The steel distribution and processing segment's profit before tax decreased from approximately HKD 72.0 million to about HKD 45.0 million, impacted by a significant drop in steel prices and a high base effect from the previous year[63] - The construction materials distribution segment recorded a profit before tax of approximately HKD 13.0 million, down about HKD 7.1 million year-on-year due to a slowdown in residential transactions in Hong Kong[63] - The construction materials distribution segment's revenue decreased by approximately 13.2% year-on-year to about HKD 166.6 million due to a decline in renovation demand[68] Cash Flow and Investments - The group’s cash flow forecasts cover a period of not less than twelve months from September 30, 2024, indicating sufficient operational funds to meet financial obligations[18] - Capital expenditures for the six months ended September 30, 2024, totaled HKD 2,931,000, compared to HKD 7,299,000 in the same period of 2023, indicating a significant reduction in investment[31][33] - The total capital commitments as of September 30, 2024, were approximately HKD 107,933,000, down from HKD 114,979,000 as of March 31, 2024, indicating a decrease of 6.1%[59] Market Conditions and Outlook - The group anticipates continued competition and challenges in the market, particularly due to geopolitical tensions and global trade disputes affecting steel prices and sales performance[74] - The group maintains a cautious optimism regarding economic prospects in Shanghai and Hong Kong, supported by government initiatives to increase public housing supply and infrastructure projects[74] Corporate Governance - The company has complied with the corporate governance code, with some exceptions regarding the attendance of independent non-executive directors at the annual general meeting[96] - The company has adopted the standard code for securities transactions by directors, confirming compliance during the period[97] Shareholder Returns - The total interim dividend declared was HKD 11,488,000, with an interim dividend of HKD 0.018 per share, up from HKD 0.015 per share in 2023[44] - The company repurchased a total of 2,096,000 shares at a total cost of HKD 513,890 during the period[91]

Financial Performance - The company reported a revenue increase of 15% year-over-year, reaching HKD 1.2 billion for the fiscal year ended March 31[18]. - Net profit for the year was HKD 300 million, representing a 20% increase compared to the previous year[18]. - For the year ended March 31, 2024, revenue decreased by 13.4% year-on-year to HK$2,303.2 million, primarily due to a decrease in average steel prices and the absence of one-off milestone fee income[34]. - Gross profit increased by 9.1% year-on-year to HK$384.1 million, driven by favorable steel price movements and rising contributions from the Steels Processing Business[34]. - Profit attributable to owners of the Company decreased by 4.9% year-on-year to HK$78.8 million, despite a surge in finance costs by HK$15.4 million due to rising interest rates[34]. - The gross profit margin improved to 16.7%, up 3.5 percentage points from the previous year[26]. - The operating profit margin increased to 8.7%, reflecting a 1.9 percentage point improvement year-on-year[26]. - Basic earnings per ordinary share for the Year was HK12.31 cents, down from HK12.94 cents in the same period last year[66]. Market Expansion and Strategy - The company expanded its user base by 25%, now serving over 500,000 customers across its platforms[18]. - Future guidance indicates expected revenue growth of 10-12% for the next fiscal year, driven by new product launches and market expansion[18]. - The company plans to enter two new markets in Southeast Asia by the end of the next fiscal year, targeting a market share of 5% in these regions[18]. - A strategic partnership was formed with a leading tech firm to enhance digital capabilities and improve customer experience[18]. - The acquisition of a local competitor is expected to be finalized by Q3 2024, which will enhance the company's market position[18]. Sustainability and Corporate Responsibility - The company has committed to reducing carbon emissions by 30% over the next five years through sustainable practices[18]. Product Development - The company is investing HKD 50 million in R&D for new technologies aimed at enhancing product offerings[18]. - A new product line is set to launch in Q2 2024, projected to contribute an additional HKD 100 million in revenue[18]. Operational Performance - The Company recorded a significant 48.4% increase in delivery quantity for its Steels Distribution and Processing Business, supported by its position as one of the largest approved steel reinforcing bar prefabrication yards in Hong Kong[36]. - Delivery volume for the steel distribution and processing business increased significantly by 48.4% during the year[39]. - The Steels Distribution and Processing Business experienced a revenue decline of 15.4% year-on-year, yet profit before income tax increased from approximately HK$84.1 million to approximately HK$116.0 million, marking a 37.8% growth[62]. Financial Position and Assets - Current assets decreased to HK$946.2 million from HK$1,158.6 million in the previous year, indicating a reduction in liquidity[28]. - Non-current assets decreased to HK$1,703.7 million from HK$1,798.8 million, reflecting a decline in long-term investments[28]. - Total equity decreased to HK$1,041.9 million from HK$1,072.7 million, indicating a slight reduction in the Company's net worth[28]. - The Group's total assets decreased from approximately HK$2,957.4 million to approximately HK$2,649.9 million as of March 31, 2024, a decline of about 10.4%[95]. - The Group's inventories decreased from approximately HK$473.1 million to approximately HK$380.6 million, reflecting a reduction of about 19.5%[95]. - Trade and bill receivables also decreased from approximately HK$430.7 million to approximately HK$370.8 million, a decline of about 13.9%[95]. - The net asset value of the Group reduced to approximately HK$1,041.9 million, with net asset value per ordinary share equivalent to approximately HK$1.47 as of March 31, 2024[95]. - The Group's borrowings decreased by approximately HK$173.8 million to approximately HK$1,259.5 million as of March 31, 2024[96]. - The gearing ratio slightly decreased from 57.0% to 54.2%[96]. - The current ratio improved from 0.68 to 0.82 after refinancing long-term bank loans of approximately HK$352.6 million[97]. Governance and Corporate Structure - The Board consists of two Executive Directors and three Independent Non-executive Directors, ensuring a balanced governance structure[162]. - The Company has adopted the Corporate Governance Code and complied with all applicable provisions, except for provisions C.1.6 and C.2.1 for the year ended March 31, 2024[155]. - The Executive Directors are responsible for managing overall business and formulating corporate strategies, while Independent Non-executive Directors provide independent advice[167]. - The Company has established four Board Committees: Executive Committee, Remuneration Committee, Audit Committee, and Nomination Committee to oversee various affairs[168]. - The Board regularly meets to discuss overall strategy and financial performance, reviewing and approving annual and interim results[174]. - All Independent Non-executive Directors have confirmed their independence according to the guidelines set out in the Listing Rules[163]. - The Company aims to align corporate governance practices with its values and strategies, focusing on sustainable development[156]. - The daily operations are executed by management under the supervision of the Executive Committee, which has specific written terms of reference[169]. - The Company has a commitment to high standards of corporate governance to manage business risks and enhance transparency[155]. Diversity and Inclusion - The Board Diversity Policy has been effectively implemented, enhancing performance quality through diverse perspectives[194]. - The Board currently consists of all male members and aims to appoint one female member by December 31, 2024, to enhance gender diversity[196]. - The workforce gender ratio is 64% male and 36% female, with a commitment to maintain at least the current ratio[197]. - The diversity policy, including gender diversity, is effectively implemented across the workforce, including senior management[198]. - The Board's diversity policy considers various factors such as gender, age, race, cultural background, and professional experience[199]. - The Company will review employee turnover and recruitment data to adjust recruitment targets and strategies as necessary[197]. - The Nomination Committee will continue to monitor and recommend actions for improving board diversity[196]. - The Board believes that diversity among its members enhances the overall performance of the Company[198]. - The Company is committed to providing a balanced and diverse skill set appropriate to its business needs[199].

Financial Performance - The company's profit attributable to owners decreased to 78,782 thousand HKD in 2024 from 82,846 thousand HKD in 2023, a decline of 4.9%[2] - Revenue fell by 13.4% year-on-year, from approximately 2,658.5 million HKD in 2023 to about 2,303.2 million HKD in 2024[18] - Gross profit increased from approximately 352.0 million HKD to about 384.1 million HKD, with the gross margin rising from 13.2% to 16.7%[18] - Operating profit rose to HKD 199.9 million from HKD 180.8 million, an increase of 10.6%[39] - Net profit for the year was HKD 77.0 million, down 6.3% from HKD 82.2 million in 2023[50] - Basic earnings per share decreased to 12.31 HKD cents from 12.94 HKD cents, a drop of 4.9% year-on-year[34] - The proposed final dividend for the year ending March 31, 2024, is HKD 1.00 per share, totaling approximately HKD 6,386,000, down from HKD 9,606,000 in 2023, a decrease of about 33.0%[101] Revenue Breakdown - The steel distribution and processing business saw a revenue decrease of 15.4%, but the profit before tax rose from approximately 84.1 million HKD to about 116.0 million HKD[19] - The construction materials distribution business reported a slight revenue increase from approximately 325.5 million HKD to 340.4 million HKD, with profit before tax slightly decreasing from about 32.0 million HKD to 30.5 million HKD[19] - Revenue from customer contracts recognized at a point in time totaled HKD 1,879,527,000, while revenue recognized over time and rental income amounted to HKD 83,187,000, leading to total revenue of HKD 2,303,176,000[67] - Revenue from Hong Kong for the year ended March 31, 2024, was HKD 371,152,000, a slight increase from HKD 365,018,000 in the previous year[70] - Revenue from mainland China decreased to HKD 1,297,378,000 from HKD 1,386,534,000 year-over-year[70] Cost and Expenses - The company's financial expenses increased by 15.4 million HKD year-on-year, impacting the growth of gross profit[18] - The cost of goods sold for the year 2024 was HKD 1,799,193,000, down from HKD 2,204,338,000 in 2023, indicating a decrease of about 18.3%[97] - The net financial expenses for the year 2024 amounted to HKD 91,339,000, compared to HKD 76,097,000 in 2023, representing an increase of approximately 20.0%[98] Assets and Liabilities - Total assets decreased from approximately HKD 2,957.4 million to about HKD 2,649.9 million, a decline of 10.4% due to foreign exchange losses and reduced working capital[33] - Total liabilities decreased to HKD 1,608.0 million from HKD 1,884.8 million in the previous year[52] - The debt-to-equity ratio slightly decreased from 57.0% to 54.2%[33] - Current liabilities exceeded current assets by approximately HKD 211.3 million, with cash and cash equivalents at HKD 145.3 million[56] Operational Efficiency - The company maintained a cost-effective steel procurement mechanism and improved off-site rebar cutting and bending efficiency to sustain profitability[17] - The accounts receivable decreased from HKD 449.6 million in 2023 to HKD 386.1 million in 2024, indicating improved collection efficiency[32] - Inventory reduced from approximately HKD 473.1 million to about HKD 380.6 million, a decrease of 19.5% attributed to falling steel prices[33] Market Outlook - The company anticipates continued pressure on rental rates and occupancy levels in the short term due to increased supply in the real estate market[26] - The company remains cautiously optimistic about economic development in Shanghai and Hong Kong, supported by government policies aimed at stimulating the property market[28] - The company plans to enhance its property positioning and leasing strategies, focusing on specific vertical industries such as healthcare to improve occupancy rates[29] Capital Management - The company aims to maintain prudent capital management measures to reduce business and macro risks while delivering sustainable growth and value to clients and shareholders[29] - The company has unutilized bank financing of HKD 825.4 million and utilized bank financing of HKD 1,006.3 million, ensuring sufficient financial resources for operations[46] - The group will continue to monitor liquidity and operational cash flow, implementing cost control measures to mitigate the impact of macroeconomic factors such as interest rate hikes[106] Employee and Governance - The total employee cost for the year was approximately HKD 130.5 million, an increase from HKD 117.7 million in the previous year, reflecting a focus on talent retention and training[138] - The company has adopted the corporate governance code and confirmed compliance with its standards by all directors during the year[160]

Financial Performance - Revenue for the six months ended September 30, 2023, was HK$1,246,762,000, a decrease of 7.8% compared to HK$1,352,305,000 for the same period in 2022[11] - Gross profit increased to HK$208,927,000, up 19.1% from HK$175,453,000 year-over-year[11] - Operating profit rose to HK$116,488,000, reflecting a 22.9% increase from HK$94,772,000 in the previous year[11] - Profit for the period was HK$53,546,000, an increase of 7.4% compared to HK$49,724,000 for the same period in 2022[11] - Basic and diluted earnings per ordinary share attributable to owners of the Company were both HK8.31 cents, up from HK7.48 cents in the prior year[11] - Profit for the period increased to HK$53,546,000, up from HK$49,724,000, representing a growth of 3.7% year-over-year[15] - Total comprehensive loss for the period was HK$39,585,000, a significant improvement from HK$105,988,000 in the previous year, indicating a reduction of 62.7%[15] - The profit for the period ended September 30, 2023, was HK$53,191,000, compared to HK$47,927,000 for the same period in 2022, indicating an increase of approximately 11.8%[30] - Basic earnings per ordinary share increased to 8.31 HK cents, up from 7.48 HK cents in the previous year, representing an increase of 11.1%[152] Expenses and Costs - Finance costs increased to HK$47,720,000, compared to HK$34,116,000 in the previous year, indicating a rise of 39.9%[11] - Selling and distribution expenses increased to HK$13,766,000, up from HK$5,476,000, marking a significant rise of 150.5%[11] - Total expenses for the six months ended September 30, 2023, were HK$1,122,322,000, a reduction of 10.6% compared to HK$1,255,214,000 in 2022[133] - Net finance costs increased to HK$47,100,000, compared to HK$33,534,000 in the previous year, reflecting a rise of 40.5%[137] Assets and Liabilities - Non-current assets decreased to HK$1,686,009,000 from HK$1,798,799,000, reflecting a decline of 6.3%[18] - Total assets as of September 30, 2023, were HK$2,796,552,000, down from HK$2,957,421,000, a decrease of 5.4%[21] - Total equity attributable to owners of the Company decreased to HK$921,589,000 from HK$961,149,000, a decline of 4.1%[21] - Current liabilities decreased to HK$1,246,742,000 from HK$1,713,835,000, a reduction of 27.2%[21] - Borrowings increased significantly to HK$418,015,000 from HK$64,530,000, indicating a rise of 548.5%[21] - Cash and cash equivalents decreased to HK$109,679,000 from HK$147,485,000, a decline of 25.6%[21] - As of September 30, 2023, the Group's total financial liabilities amounted to HK$1,772,657,000, with HK$1,214,806,000 due within one year[76] - Total borrowings decreased to HK$1,349,916,000 as of September 30, 2023, from HK$1,433,319,000 as of March 31, 2023, representing a reduction of approximately 5.8%[199] Cash Flow - The net cash generated from operating activities for the six months ended September 30, 2023, was HK$91,945,000, a significant recovery from a cash outflow of HK$20,370,000 in the prior year[30] - The Group reported cash flows from financing activities resulting in a net cash outflow of HK$69.58 million, compared to a net inflow of HK$23.92 million in the same period of 2022[33] - The Group's cash flow projections indicate sufficient working capital to finance operations and meet financial obligations within twelve months from September 30, 2023[46] - The Group's cash flow forecast covers a period of not less than 12 months from September 30, 2023, indicating sufficient operating funds to meet financial obligations[48] Market and Strategic Outlook - The Company continues to explore market expansion opportunities and new product development strategies to enhance future growth[11] - The Group is exposed to commodity price risk due to trading in steel products, with committed sales orders exceeding on-hand inventories, making future price fluctuations significant[67] - The Group is closely monitoring steel market prices to manage commodity price risk and adjust procurement strategies accordingly[68] - The Group's management is actively working to mitigate liquidity pressure and improve its financial position through various measures[44] Investments and Fair Value - The Company reported a fair value loss on an investment property of HK$7,735,000, which was not present in the previous year[11] - The fair value of investment properties at the end of the period was HK$1,283,029,000, down from HK$1,327,484,000 in the previous year[159] - The fair value of unlisted securities remained stable at HK$3,701,000 as of September 30, 2023, with no material changes noted during the period[102] - The Group's financial instruments are classified into three levels based on fair value hierarchy, with total fair value assets amounting to HK$8,463,000 as of September 30, 2023[85] Dividends and Shareholder Returns - The company paid dividends totaling HK$9,606,000 during the period, consistent with the previous year's dividend payments[30] - An interim dividend of HK1.50 cents per ordinary share was declared, totaling approximately HK$9,606,000, compared to HK1.00 cent per share in the previous year[145]

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之內容概不負責，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之任何損 失承擔任何責任。 HONG KONG SHANGHAI ALLIANCE HOLDINGS LIMITED 滬 港 聯 合 控 股 有 限 公 司 （於百慕達註冊成立之有限公司） （股份代號：1001） 截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月 之 中 期 業 績 公 告 滬港聯合控股有限公司（「本公司」）之董事會（「董事會」）謹此宣佈本公司及其附屬公司（統稱「本集 團」）截至二零二三年九月三十日止六個月（「本期間」）之未經審核簡明綜合中期業績。 財務摘要 截至二零二三年九月三十日止六個月 二零二三年 二零二二年 變動 百萬港元 百萬港元 收入 1,246.8 1,352.3 -7.8% 毛利 208.9 175.5 +19.1% ...

Financial Performance - For the year ended March 31, 2023, revenue decreased by 5.3% to HK$2,658.5 million from HK$2,807.9 million in 2022[10] - Gross profit increased by 3.6% to HK$352.0 million, with a gross profit margin of 13.2%, up from 12.1%[10] - Operating profit rose by 15.2% to HK$180.8 million, resulting in an operating profit margin of 6.8%, compared to 5.6% in the previous year[10] - Profit for the year increased by 29.5% to HK$82.2 million, with profit attributable to owners rising by 26.5% to HK$82.8 million[10] - Basic earnings per ordinary share improved by 26.6% to 12.94 HK cents from 10.22 HK cents[10] - The net profit margin increased to 3.1%, up from 2.3% in the previous year, reflecting improved profitability[10] - For FY2022/23, the Group's revenue decreased by 5.3% year-on-year, from approximately HK$2,807.9 million to approximately HK$2,658.5 million[43] - Gross profit increased from approximately HK$339.7 million to approximately HK$352.0 million, with a gross profit margin improvement from 12.1% to 13.2%[43] - Profit attributable to owners of the Company reached approximately HK$82.8 million, representing a notable improvement of 26.5% compared to the previous year[43] Dividends and Shareholder Returns - The interim dividend per ordinary share was reduced by 33.3% to 1.00 HK cent, while the proposed final dividend remained at 1.50 HK cents[10] - Basic earnings per ordinary share increased to HK12.94 cents from HK10.22 cents in the same period last year[48] Business Operations and Growth - The company plans to continue focusing on market expansion and new product development to drive future growth[10] - The delivery quantity for offsite rebar fabrication in Hong Kong increased by 11.6% year-on-year, indicating a positive trend in the Steels Distribution and Processing Business[26] - The Steels Distribution and Processing Business experienced a revenue drop from approximately HK$2,317.1 million to approximately HK$2,221.3 million due to COVID-19 and project delays[52] - The delivery quantity of the Group's construction steels processing business increased by 11.6% year-on-year, reflecting a growing acceptance of offsite rebar fabrication in Hong Kong[52] - The Group anticipates increased business opportunities in the construction materials distribution sector due to anticipated growth in international tourism and economic activities in Hong Kong[38] Assets and Liabilities - The Group's non-current assets decreased to HK$1,798,799, down from HK$1,966,749 in the previous year[25] - Current liabilities rose to HK$1,713,835, compared to HK$1,374,122 in the previous year, reflecting increased financial obligations[25] - The Group's total assets decreased from approximately HK$3,368.2 million to approximately HK$2,957.4 million as of March 31, 2023, primarily due to translation differences and reduced working capital[80] - The Group's inventories decreased from approximately HK$547.5 million to approximately HK$473.1 million, with average inventory days increasing to 81 days[80] - Trade and bill receivables decreased from approximately HK$509.6 million to approximately HK$430.7 million, with average days of sales outstanding increasing to 57 days[80] - The Group's equity totalled HK$1,072,653, a decrease from HK$1,114,228 in the previous year[25] - The net asset value of the Group reduced to approximately HK$1,072.7 million, with net asset value per ordinary share at approximately HK$1.50 as of March 31, 2023[80] Sustainability and Technology - The Group completed the installation of a solar photovoltaic system covering approximately 70% of the electricity consumption at its automated rebar processing plant[27] - All three commercial properties managed by the Group received LEED GOLD and WELL Health-Safety Rating certifications, highlighting the Group's commitment to sustainability[49] - The Group plans to focus on digitization and the use of IoT and energy-saving technologies to adapt to changing customer needs[36] Corporate Governance - The company has established four Board Committees: Executive Committee, Remuneration Committee, Audit Committee, and Nomination Committee to oversee various aspects of the affairs[151] - The Board consists of two Executive Directors and four Independent Non-executive Directors, ensuring a majority of independent members[145] - The company has complied with all applicable code provisions of the Corporate Governance Code, except for provision C.2.1 for the year ended March 31, 2023[138] - The daily operations of the Group's business are executed by the management under the supervision of the Executive Committee[152] - The Company has implemented a Board Diversity Policy, which emphasizes meritocracy and considers various diversity perspectives for Board appointments[177] - The Board currently consists of all male members and aims to appoint one female member by December 31, 2024, to enhance gender diversity[179] Employee and Staff Management - The total staff costs amounted to approximately HK$117.7 million, including retirement benefits and wage subsidies[134] - The Group employed 226 staff as of March 31, 2023, a decrease from 235 staff in 2022[134] - The Company will review employee turnover and recruitment data to adjust recruitment targets and strategies as necessary[180] Financial Management - The Group's cash and cash equivalents decreased to approximately HK$159.2 million, and borrowings decreased by approximately HK$65.6 million to approximately HK$1,433.3 million[81] - The gearing ratio slightly increased from 56.1% to 57.0%, mainly due to a reduction in capital and reserves from currency translation[81] - The current ratio was reduced to 0.68 due to the reclassification of long-term bank loans to current liabilities[82] - The Group's capital expenditure was primarily financed through cash generated from operating activities[101]