Financial Performance - For the fiscal year ending December 31, 2024, the company's revenue was HKD 3,445,784, a decrease of 16.8% compared to HKD 4,145,653 in 2023[3] - Gross profit for the year was HKD 649,069, representing an increase of 3.8% from HKD 625,238 in the previous year[3] - The company's net profit for the year was HKD 180,433, up 12.1% from HKD 160,892 in 2023[3] - Basic earnings per share increased to HKD 27.53, compared to HKD 24.19 in the previous year, reflecting a growth of 9.7%[4] - Total comprehensive income for the year was HKD 167,052, an increase of 11.0% from HKD 150,418 in 2023[4] - The company reported a pre-tax profit of HKD 208,262 for the year ending December 31, 2024, compared to HKD 178,756 in 2023, reflecting an increase of approximately 16.5%[23][24] - Profit attributable to the company after deducting non-controlling interests was approximately HKD 158,098,000, an increase of 14% year-over-year[45] Revenue Breakdown - Revenue from metal products amounted to HKD 1,087,072,000, while revenue from construction materials was HKD 2,354,264,000 for the year ended December 31, 2024[16] - The revenue breakdown for 2024 shows HKD 1,087,072 from metal products and HKD 2,354,264 from building materials, compared to HKD 1,168,812 and HKD 2,976,657 respectively in 2023, indicating a decrease of 6.9% and 21%[23][24] - Revenue from the metal products segment was approximately HKD 1,090,361,000, a decrease of about 7%, while profit before interest and tax increased by 45% to approximately HKD 121,055,000[46] - Revenue from the construction materials segment was approximately HKD 2,354,428,000, a decrease of 21%, with profit before interest and tax decreasing by 8% to approximately HKD 151,721,000[48] Assets and Liabilities - Non-current assets increased to HKD 704,304, up from HKD 651,263 in the previous year, indicating a growth of 8.2%[5] - Current assets decreased to HKD 2,007,599 from HKD 2,268,065, a decline of 11.5%[5] - The company's total equity rose to HKD 1,513,056, compared to HKD 1,387,127 in 2023, marking an increase of 9.1%[6] - Trade receivables decreased to HKD 711,368,000 in 2024 from HKD 913,338,000 in 2023, representing a decline of 22.1%[35] - The total amount of trade, notes, loans, and other receivables was HKD 808,528,000 in 2024, down from HKD 1,032,096,000 in 2023, a decrease of 21.7%[35] - The outstanding loan balance for the group was HKD 4,002,000 in 2024, with 86.26% classified as secured installment loans[38] - Total borrowings as of December 31, 2024, were approximately HKD 536,733,000, down from HKD 906,133,000 as of December 31, 2023[51] Expenses and Losses - Financial expenses decreased significantly to HKD 34,254 from HKD 52,880, a reduction of 35.5%[3] - The total tax expense for 2024 was HKD 27,829,000, up from HKD 17,864,000 in 2023, reflecting a 55.5% increase year-over-year[31] - The loss from the sale of properties, plants, and equipment increased to HKD 9,107,000 in 2024 from HKD 1,767,000 in 2023, indicating a significant rise in losses[31] - The impairment loss for trade receivables under the expected credit loss model was HKD 68,270,000 in 2024, compared to HKD 60,924,000 in 2023, indicating an increase in expected credit losses[35] Dividends - The company declared a proposed final dividend of HKD 0.04 per share for the year ending December 31, 2024, totaling HKD 22,975,000, compared to HKD 20,103,000 for the previous year[33] - The total dividend for the fiscal year, including an interim dividend of HKD 0.025 per share, will be HKD 0.065 per share[60] Compliance and Governance - The company has maintained compliance with corporate governance codes as stipulated by the Hong Kong Stock Exchange throughout the fiscal year[54] - The company anticipates that the application of the new Hong Kong Financial Reporting Standards will not have a significant impact on its financial position and performance[12] - The company has not early adopted the new and revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective[11] Future Outlook - The company has established a medical testing center, Assure Medical Imaging (AMI), which is expected to start generating revenue in 2025[49] - The company plans to enhance value-added processing services in the construction materials business to avoid pure price competition[48] - The company anticipates ongoing challenges in the global political and economic environment, particularly due to geopolitical uncertainties[50] - The company aims to maintain prudent management and a pragmatic approach to achieve long-term development goals and maximize shareholder returns[50] Employee and Operational Metrics - The group had a total of 1,483 employees as of December 31, 2024, with compensation based on performance and industry standards[53] - The current ratio as of December 31, 2024, was 2.04:1, compared to 1.67:1 as of December 31, 2023[51] - The net debt-to-equity ratio as of December 31, 2024, was -0.04:1, improving from 0.18:1 as of December 31, 2023[52]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 1,728,693, a decrease of 11.8% compared to HKD 1,961,107 for the same period in 2023[3] - The net profit for the period was HKD 72,034, slightly down from HKD 73,116 in 2023, reflecting a decrease of 1.5%[3] - Total comprehensive income for the period was HKD 67,916, up from HKD 54,889 in the same period last year, marking a 23.7% increase[4] - Basic earnings per share for the period were HKD 10.72, a slight decrease from HKD 10.98 in the previous year[4] - The company reported a profit before tax of HKD 89,543 for the six months ended June 30, 2024, compared to HKD 86,017 for the same period in 2023, showing an increase of about 2.9%[19][20] - The company reported a profit for the period of HKD 61,554,000 for the six months ended June 30, 2024, compared to HKD 63,078,000 for the same period in 2023, indicating a decline of about 2.4%[31] - Profit attributable to shareholders was approximately HKD 61,554,000, a decrease of 2% year-on-year[47] Revenue Breakdown - Revenue from metal products was HKD 517,153 for the first half of 2024, down from HKD 549,967 in the same period of 2023, indicating a decrease of about 6.0%[16][21] - Revenue from construction materials was HKD 1,211,444 for the first half of 2024, compared to HKD 1,411,042 in the same period of 2023, reflecting a decline of approximately 14.1%[16][21] - Total revenue for the group was approximately HKD 1,728,693,000, a decrease of 12% compared to the same period last year[47] - Revenue from the metal products segment was approximately HKD 519,151,000, a decrease of 6% compared to the previous year, while EBIT increased by 5% to approximately HKD 44,235,000[48] - Revenue from the construction materials segment was approximately HKD 1,211,483,000, a decrease of 14% year-on-year, with EBIT remaining stable at approximately HKD 78,392,000[50] Assets and Liabilities - Non-current assets increased to HKD 725,255, up from HKD 651,263 as of December 31, 2023, indicating a growth of 11.3%[5] - Total liabilities decreased from HKD 1,357,762,000 as of December 31, 2023, to HKD 980,940,000 as of June 30, 2024[6] - The company's total equity increased from HKD 1,387,127,000 as of December 31, 2023, to HKD 1,434,940,000 as of June 30, 2024[7] - The company's total assets increased from HKD 1,561,566,000 as of December 31, 2023, to HKD 1,618,485,000 as of June 30, 2024[6] - The group’s total liabilities decreased from HKD 1,032,096,000 as of December 31, 2023, to HKD 772,690,000 as of June 30, 2024, representing a reduction of approximately 25.1%[34] Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2024, was HKD 907,386,000, a decrease from HKD 1,100,512,000 in the same period of 2023[9] - The net cash used in investing activities for the six months ended June 30, 2024, was HKD (86,650,000), compared to HKD 1,733,000 in the same period of 2023[9] - The net cash used in financing activities for the six months ended June 30, 2024, was HKD (1,019,231,000), a decrease from HKD (1,139,681,000) in the same period of 2023[9] - The cash and cash equivalents at the end of the period decreased to HKD 452,548,000 from HKD 500,787,000 as of June 30, 2023[9] - The group’s cash and bank balances totaled approximately HKD 452,548,000 as of June 30, 2024, down from approximately HKD 652,131,000 at the end of 2023[52] Expenses and Financials - The financial expenses decreased to HKD 19,140, down from HKD 23,907 in the previous year, reflecting a reduction of 19.5%[3] - The company reported a foreign exchange loss of HKD 4,306 due to the translation of overseas operations[4] - The group’s income tax expense for the six months ended June 30, 2024, was HKD 17,509,000, an increase from HKD 12,901,000 for the same period in 2023[28] - The company’s financial expenses totaled HKD 19,140, with bank borrowing interest accounting for HKD 14,731 and lease liability interest for HKD 4,409[19] Inventory and Receivables - Inventory levels rose to HKD 651,094, an increase of 10.2% from HKD 590,542 in the previous year[5] - Trade and other receivables decreased to HKD 765,050, down 25.3% from HKD 1,025,045 in 2023[5] - Trade receivables net of expected credit loss amounted to HKD 683,111,000 as of June 30, 2024, compared to HKD 913,338,000 as of December 31, 2023, reflecting a decrease of approximately 25.2%[34] - The expected credit loss on trade receivables increased to HKD 77,239,000 as of June 30, 2024, compared to HKD 60,924,000 as of December 31, 2023, indicating a rise of about 26.7%[34] Dividends and Shareholder Information - The company declared dividends amounting to HKD 20,103,000 for the period[7] - The company declared an interim dividend of HKD 0.025 per share, totaling HKD 14,359,000, consistent with the previous interim dividend declared for the same period in 2023[30] - As of June 30, 2024, Mr. Peng Dezhong holds a total of 365,594,474 shares, representing 63.65% of the issued shares[57] - Golik Investments Ltd. holds 201,666,392 shares, accounting for 35.11% of the total issued shares[60] Corporate Governance and Compliance - The company has maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange regulations[62] - There were no transactions involving the purchase or redemption of the company's listed securities during the six months ending June 30, 2024[68] - The company expressed gratitude to employees and stakeholders for their contributions and support, aiming for better performance in the second half of the year[69]

Revenue Performance - Revenue for the six months ended June 30, 2024, was HKD 1,728,693, a decrease of 11.8% compared to HKD 1,961,107 for the same period in 2023[1] - Total revenue for the six months ended June 30, 2024, was HKD 1,728,693, a decrease from HKD 1,961,107 for the same period in 2023, representing a decline of approximately 11.8%[10] - Revenue from metal products was HKD 517,153 for the six months ended June 30, 2024, down from HKD 549,967 in the previous year, reflecting a decrease of about 6.0%[10] - Revenue from construction materials reached HKD 1,211,444 for the six months ended June 30, 2024, compared to HKD 1,411,042 in the same period of 2023, indicating a decline of approximately 14.1%[10] - Total revenue for the group was approximately HKD 1,728,693,000, a decrease of 12% compared to the same period last year[28] - Revenue from the metal products segment was approximately HKD 519,151,000, a decrease of 6% compared to the previous year, while EBIT increased by 5% to approximately HKD 44,235,000[29] - Revenue from the construction materials segment was approximately HKD 1,211,483,000, a decrease of 14% year-on-year, with EBIT remaining stable at approximately HKD 78,392,000[30] Profitability - The net profit for the period was HKD 72,034, slightly down from HKD 73,116 in the same period last year, representing a decrease of 1.5%[1] - Total comprehensive income for the period was HKD 67,916, an increase of 23.7% compared to HKD 54,889 in the previous year[2] - Basic earnings per share decreased to HKD 10.72 from HKD 10.98, reflecting a decline of 2.4%[2] - The company reported a pre-tax profit of HKD 89,543 for the six months ended June 30, 2024, compared to HKD 86,017 in the previous year, indicating an increase of approximately 2.9%[12] - Profit attributable to shareholders was approximately HKD 61,554,000, a decrease of 2% year-on-year[28] - The company's profit for the six months ended June 30, 2024, was HKD 61,554,000, compared to HKD 63,078,000 for the same period in 2023, reflecting a slight decrease[22] Assets and Liabilities - Non-current assets increased to HKD 725,255, up from HKD 651,263 as of December 31, 2023, indicating a growth of 11.3%[3] - Current assets decreased to HKD 1,148,915 from HKD 1,616,802, a decline of 29%[3] - Total equity increased to HKD 1,434,940 from HKD 1,387,127, reflecting a growth of 3.4%[4] - The company reported a decrease in trade and other receivables to HKD 765,050 from HKD 1,025,045, a reduction of 25.4%[3] - The total amount of trade and other receivables as of June 30, 2024, was HKD 772,690,000, down from HKD 1,032,096,000 as of December 31, 2023[23] - Trade payables decreased to HKD 210,952,000 as of June 30, 2024, from HKD 252,165,000 as of December 31, 2023[26] - The group's total borrowings as of June 30, 2024, were approximately HKD 553,865,000, a decrease from HKD 906,133,000 at the end of 2023[33] - The net asset to debt ratio was 0.07:1 as of June 30, 2024, improved from 0.18:1 at the end of 2023[34] Expenses and Financial Costs - The group’s financial expenses, including bank borrowing interest, totaled HKD 19,140 for the six months ended June 30, 2024, compared to HKD 11,197 in the previous year, indicating an increase in financial costs[12] - The company's tax expenses for the six months ended June 30, 2024, amounted to HKD 17,509,000, an increase from HKD 12,901,000 in the same period of 2023[5] - Depreciation of property, plant, and equipment increased to HKD 24,107,000 in 2024 from HKD 20,127,000 in 2023[20] Dividends and Shareholder Information - The company declared a final dividend of HKD 0.035 per share for the year ended December 31, 2023, totaling HKD 20,103,000, compared to HKD 17,231,000 for the previous period[21] - The company declared an interim dividend of HKD 0.025 per share, totaling approximately HKD 14,359,000, consistent with the previous year's interim dividend[40] - The company will suspend shareholder registration from October 7 to October 9, 2024, to facilitate the dividend distribution[41] Operational Developments - The company has plans for market expansion and new product development, focusing on enhancing its service offerings in the construction materials sector[14] - The group plans to withdraw from the concrete plant in Yau Tong and has added a new concrete production line in Sheung Shui to support future projects[31] - The group has established a medical testing center, which is expected to start generating stable revenue by the second half of 2025[32] Employment and Governance - The group employed 1,469 staff as of June 30, 2024, with compensation based on performance and industry standards[35] - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ending June 30, 2024[37] - There were no purchases or redemptions of the company's listed securities by the company or its subsidiaries during the six months ending June 30, 2024[39] - The interim results announcement and interim report will be published on the Hong Kong Stock Exchange and the company's website[42]

Financial Performance - For the fiscal year ending December 31, 2023, the total revenue was approximately HKD 4,145,653,000, a decrease of 3% compared to the previous year[19] - The profit attributable to shareholders for the year was approximately HKD 138,921,000, an increase of 84% from the previous year[19] - Revenue for the year was approximately HKD 2,976,735,000, a decrease of 2% compared to the previous year[24] - Profit before interest and tax was approximately HKD 165,403,000, an increase of 94% year-on-year[24] - Gross profit increased to HKD 625,238, up 38.2% from HKD 452,886 in the previous year[198] - Net profit for the year was HKD 160,892, representing an increase of 77.5% compared to HKD 90,538 in 2022[198] - Basic earnings per share rose to HKD 24.19, up from HKD 13.17 in the prior year, reflecting a growth of 83.4%[198] - Total comprehensive income for the year amounted to HKD 150,418, significantly higher than HKD 36,442 in 2022, marking a growth of 312.5%[198] - The company reported a decrease in sales costs to HKD 3,520,415 from HKD 3,818,275, a reduction of 7.8%[198] - Administrative expenses increased to HKD 184,967, up from HKD 159,890, reflecting a rise of 15.7%[198] - Financial expenses rose to HKD 52,880, compared to HKD 41,517 in the previous year, an increase of 27.4%[198] - The company recognized an impairment loss of HKD 14,715 under the expected credit loss model, compared to HKD 2,752 in 2022[198] Business Segments - The construction materials segment accounted for 72% of total revenue, while metal products accounted for 28% in 2023[20] - The metal products business generated revenue of approximately HKD 1,172,339,000, a decrease of 4% year-on-year, but the operating profit before interest and tax increased by 6% to approximately HKD 83,666,000[22] - The company ended its steel processing business during the year, impacting overall revenue[19] - The construction materials business is expected to face short-term challenges due to a weak property market and increased competition[24] Assets and Liabilities - The total assets as of December 31, 2023, were HKD 2,919,328,000, while total liabilities were HKD 1,532,201,000[8] - The net asset value increased to HKD 1,387,127,000 in 2023, compared to HKD 1,278,136,000 in 2022[8] - Total borrowings amounted to approximately HKD 906,133,000, down from HKD 1,250,243,000 a year earlier[26] - The net asset liability ratio was 0.18:1 as of December 31, 2023, compared to 0.55:1 the previous year[27] - The group's cash and bank balances totaled approximately HKD 652,131,000 as of December 31, 2023, compared to HKD 541,569,000 a year earlier[26] Corporate Governance - The company has maintained good corporate governance practices throughout the year ending December 31, 2023[43] - The board consists of four executive directors and three independent non-executive directors[45] - The company has adopted a code of conduct for directors' securities trading, ensuring compliance with the standards set out in the listing rules[44] - The independent non-executive directors have confirmed their independence according to the listing rules[47] - The company encourages all directors to participate in external training courses to enhance their knowledge of their roles and responsibilities[49] - The company has arranged for directors and senior management to have liability insurance[48] - The board is responsible for overseeing overall business management and strategic development[47] - The company has complied with the corporate governance code, with exceptions noted for attendance at the annual general meeting[43] - The company has established a nomination policy outlining the selection criteria and procedures for appointing new and reappointed directors[65] Risk Management and Internal Controls - The company emphasizes effective risk management as an integral part of its business strategy, with regular evaluations of potential risks by the board[71] - The company has established internal audit functions to assess the adequacy and effectiveness of its risk management and internal control systems[75] - The board continuously monitors the risk management and internal control systems, ensuring they are effective and sufficient[75] - The company has implemented a comprehensive internal control system to manage risks and ensure the reliability of financial information[71] - The company’s governance practices include regular reviews of policies and procedures related to risk management and internal controls[72] Sustainability and Environmental Management - The company is committed to high standards of environmental management and aims to reduce carbon emissions, monitoring emissions monthly to ensure compliance with legal limits[96] - The company has established a sustainability committee led by the board to oversee environmental, social, and governance (ESG) initiatives and performance[85] - The company has identified four major ESG areas: occupational health and safety, environmental impact, social responsibility, and governance practices[90] - The company continues to invest in facilities equipped with the latest technology to reduce energy consumption and greenhouse gas emissions[95] - The company aims to integrate sustainability into its business strategy and daily operations, reflecting its commitment to long-term positive returns[84] - The company has adopted measures to comply with local and national environmental laws and standards[95] - Total direct and indirect carbon emissions for the fiscal year 2023 amounted to 1,856 tons of CO2 equivalent, an increase of 7.91% compared to 2022[1] - Chemical waste totaled 0.80 tons, representing a 5% decrease from 2022, while non-hazardous waste increased by 7.69% to 11,811 tons[2] - Total electricity consumption was 1,311,929 kWh, a 2.55% increase from 2022, with consumption per production unit decreasing by 3.76% to 3.07 kWh[3] - Total water consumption reached 92,764 cubic meters, a 2.68% increase, while per production unit consumption decreased by 4.35% to 0.22 cubic meters[4] Employee and Labor Practices - The group employed 1,482 staff members as of December 31, 2023, with compensation based on performance and industry standards[28] - The company reported a total workforce of 1,368 employees, with 95% being male and 77% being female[94] - Employee headcount as of December 31, 2023, was 1,482, with a turnover rate of 20%, slightly higher than the previous year's 19%[5] - A total of 1,368 employees, or 92% of the workforce, received training during the reporting period, with an average training time of 41 hours per employee, totaling around 56,000 hours of training[115] - The group has a commitment to respect labor rights and human rights, with no reported violations of child labor or forced labor during the reporting period[119] Shareholder Engagement and Dividends - The company paid an interim dividend of HKD 0.025 per share, totaling approximately HKD 14,360,000[149] - The proposed final dividend is HKD 0.035 per share, amounting to around HKD 20,103,000, subject to shareholder approval[149] - The company is committed to enhancing communication with shareholders through annual and special general meetings, providing a platform for direct interaction[78] - Shareholders holding at least 10% of the paid-up capital have the right to request the board to convene a special general meeting within two months[79] Supplier and Customer Relations - The group has established long-term strategic partnerships with reputable suppliers, focusing on quality products and services[122] - The group conducts annual assessments of suppliers and subcontractors to monitor their performance in quality, environmental, and occupational safety aspects[123] - The top five customers contributed less than 30% of the total revenue for the year, while the top five suppliers accounted for approximately 48% of total procurement, with the largest supplier representing about 17%[167] - The group maintains close and mutually beneficial relationships with customers to ensure timely delivery of products and services[125]

Revenue Performance - Total revenue for the year ended December 31, 2023, was HKD 4,145,653, a slight decrease from HKD 4,271,161 for the year ended December 31, 2022[4]. - Revenue from metal products was HKD 1,168,812, while revenue from construction materials was HKD 2,976,657, contributing to a total of HKD 4,145,469 from customer contracts[4]. - The company experienced a decrease in sales of metal products from HKD 1,219,040 in 2022 to HKD 1,168,812 in 2023, reflecting market challenges[4]. - The total sales from construction materials decreased from HKD 3,051,922 in 2022 to HKD 2,976,657 in 2023, indicating a potential market contraction[4]. - The overall revenue slightly decreased due to lower commodity prices, including steel, and the conclusion of the steel processing business during the year[99]. - The group's total revenue for the year ended December 31, 2023, was approximately HKD 4,145,653,000, a decrease of 3% compared to the previous year[107]. - The group's core business in construction materials generated revenue of approximately HKD 2,976,735,000, a decrease of 2%, while the pre-tax profit increased by 94% to approximately HKD 165,403,000[124]. Profitability - The company reported a gross profit of HKD 249,069 for the year, with a breakdown of HKD 83,666 from metal products and HKD 165,403 from construction materials[9]. - The company reported a pre-tax profit of HKD 106,180, highlighting operational efficiency despite revenue fluctuations[11]. - Gross profit increased to HKD 625,238, up 38.2% from HKD 452,886 in the previous year[41]. - Profit before tax for the year was HKD 178,756, representing a 68.1% increase from HKD 106,180 in 2022[41]. - The net profit for the year was HKD 160,892, compared to HKD 90,538 in the previous year, marking an increase of 77.5%[41]. - The net profit attributable to the company after deducting non-controlling interests was approximately HKD 138,921,000, an increase of 84% compared to the previous year[122]. Assets and Liabilities - Non-current assets in Hong Kong amounted to HKD 274,944 thousand, while those in mainland China were HKD 360,897 thousand[24]. - Non-current assets decreased to HKD 651,263 from HKD 749,573 in the previous year, a decline of 13.1%[44]. - Current assets slightly decreased to HKD 2,268,065 from HKD 2,285,686, a reduction of 0.8%[44]. - Current liabilities decreased to HKD 1,357,762 from HKD 1,529,119, a decline of 11.2%[44]. - The company reported a deferred tax asset and liability of HKD 20,411,000 each, with no significant impact on financial performance[27]. - Deferred tax liabilities increased to HKD 27,192 thousand from HKD 24,132 thousand, reflecting a rise of approximately 12.7%[63]. - The company’s total liabilities decreased to HKD 174,439 thousand from HKD 228,004 thousand, indicating a reduction of about 23.5%[63]. Cash Flow and Investments - As of December 31, 2023, the group's bank deposits and cash totaled approximately HKD 652,131,000, an increase from HKD 541,569,000 as of December 31, 2022[128]. - The group's total borrowings as of December 31, 2023, were approximately HKD 906,133,000, down from HKD 1,250,243,000 as of December 31, 2022[113]. - The group plans to continue exploring new quality investment opportunities and developing different products and markets for sustainable growth[112]. - The group's capital commitments for the purchase of properties, plants, and equipment amounted to approximately HKD 86,074,000 as of December 31, 2023, significantly up from HKD 3,558,000 as of December 31, 2022[129]. Dividends and Shareholder Returns - The company plans to declare a final dividend of HKD 0.035 per share for the year ended December 31, 2023, up from HKD 0.030 per share in the previous year[56]. - Basic earnings per share rose to HKD 24.19, up from HKD 13.17 in 2022[43]. - Proposed final dividend of HKD 0.035 per ordinary share, an increase from HKD 0.030 in the previous year, totaling HKD 20,103,000[81]. Risk Management and Compliance - The company provided credit terms ranging from 30 to 180 days for customers, compared to 30 to 120 days in 2022[8]. - The impairment loss based on expected credit loss model was HKD 13,951, indicating a focus on managing credit risk[13]. - The group has implemented a series of control procedures to manage credit risk and ensure comprehensive risk management in its lending operations[104]. - The group will regularly review the performance of each loan to monitor repayment and ensure recoverability, taking appropriate measures when risks are identified[104]. - The company maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange regulations as of December 31, 2023[134].

Financial Performance - The total revenue for the six months ended June 30, 2023, was HKD 2,119,928, compared to HKD 2,119,850 for the same period in 2022, indicating a slight increase[45]. - The group's revenue for the period was approximately HKD 1,411,114,000, a decrease of 6% compared to the same period last year[89]. - The company's revenue for the six months ended June 30, 2023, was HKD 1,961,107, a decrease of 7.5% compared to HKD 2,119,928 for the same period in 2022[121]. - The total revenue for the period was approximately HKD 1,961,107,000, a decrease of 7% compared to the same period last year, primarily due to lower commodity prices including steel[185]. - Profit attributable to shareholders increased by 64% to approximately HKD 63,078,000 compared to the same period last year[87]. - The net profit for the period was HKD 73,116, which is a significant increase of 63.7% compared to HKD 44,731 in the prior year[121]. - The company reported a profit before interest and tax of approximately HKD 42,301,000 for the steel wire and wire rope products business, an increase of 42% compared to the previous year[63]. Assets and Liabilities - For the six months ended June 30, 2023, the total assets of Golik Holdings Limited amounted to HKD 2,303,477,000, compared to HKD 2,285,686,000 for the same period in 2022, representing an increase of 0.78%[5]. - The total liabilities for the six months ended June 30, 2023, were HKD 1,515,887,000, slightly up from HKD 1,506,140,000 in the previous year, marking an increase of 0.12%[7]. - The total liabilities include bank borrowings of HKD 1,006,161,000, a decrease from HKD 1,250,243,000 at the end of 2022[132]. - Non-current assets decreased from HKD 696,854,000 as of December 31, 2022, to HKD 696,854,000 as of June 30, 2023, reflecting a decline of 7.03%[5]. - Current assets increased from HKD 1,588,832,000 as of December 31, 2022, to HKD 1,606,623,000 as of June 30, 2023, indicating a growth of 1.12%[5]. - Cash and cash equivalents at the end of the period were HKD 500,787, down from HKD 551,900 at the end of the previous year[39]. - The company's net current assets increased to HKD 819,033,000 from HKD 756,567,000[162]. Dividends - The company declared a final dividend of HKD 0.03 per share for the year ended December 31, 2022, with total dividends payable amounting to HKD 17,231,000[22]. - The company declared an interim dividend of HKD 0.025 per share, totaling HKD 14,359,000, an increase from HKD 11,488,000 in the previous year[150]. Operational Efficiency and Market Focus - The management has indicated a focus on enhancing operational efficiency and exploring new market opportunities in the upcoming periods[35]. - The construction materials business is expected to benefit from the Hong Kong government's infrastructure projects, including the construction of over 300,000 public housing units in the next decade[68]. - The group experienced a significant recovery in business performance starting from the second quarter, capitalizing on market opportunities and expanding existing metal product lines[77]. Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2023, was HKD 1,100,512, a decrease of 11% compared to HKD 1,237,776 for the same period in 2022[39]. - The net cash used in investing activities was HKD 1,733, compared to a net cash outflow of HKD 29,207 in the previous year[39]. - The net cash used in financing activities was HKD 1,139,681, down from HKD 1,324,614 in the prior year[39]. Inventory and Receivables - The inventory as of June 30, 2023, was HKD 845,249,000, an increase from HKD 784,999,000 as of December 31, 2022, representing a rise of 7.67%[5]. - Trade and other receivables were reported at HKD 957,426,000 as of June 30, 2023, slightly down from HKD 959,118,000 in the previous year, a decrease of 0.18%[5]. - The net amount of receivables aged 0 to 30 days increased significantly to HKD 242,738,000 from HKD 68,466,000 year-on-year[80]. - Trade receivables amounted to HKD 902,798,000, with an expected credit loss of HKD 47,909,000, compared to HKD 901,147,000 and HKD 44,304,000 respectively at the end of 2022[152]. Financial Ratios and Performance Metrics - The group's current ratio as of June 30, 2023, was 1.55:1, compared to 1.49:1 as of December 31, 2022[90]. - The company's administrative expenses slightly increased to HKD 90,828 from HKD 89,160, reflecting a marginal rise of 1.9%[121]. - Financial expenses rose to HKD 23,907, compared to HKD 14,987 in the previous year, marking an increase of 59.5%[121]. - The company's expected credit loss impairment decreased to HKD 1,691 from HKD 3,215, showing a reduction of 47.4%[121]. Employee and Shareholder Information - The group employed 1,493 staff members as of June 30, 2023, with compensation based on performance, qualifications, and industry standards[190]. - There were no significant changes in major shareholders' interests, with no individuals holding 5% or more of the shares as of June 30, 2023[114]. - The group maintained a consistent capital structure with 574,378,128 issued ordinary shares as of June 30, 2023, unchanged from December 31, 2022[189].

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。 GOLIK HOLDINGS LIMITED 高力集團有限公司* (於百慕達註冊成立之有限公司) (股份代號: 1118) 補充公告 有關本公司截至二零二二年十二月三十一日止年度之年報 茲提述高力集團有限公司(「本公司」，連同其附屬公司，統稱(「本集團」)於二零二三年 四月二十七日所刊發截至二零二二年十二月三十一日止年度之年報(「二零二二年年報」)。 除文義另有界定外，本公告所用詞彙與二零二二年年報所界定者具有相同涵義。 除二零二二年年報所披露之相關資料外，本公司謹此提供有關本集團放債業務之額外資料 如下： 業務模式 本集團根據放債人條例(香港法例第163章)在香港持有放債人牌照並向本集團成員公司轉介 的商業夥伴提供貸款授信。本集團透過本公司之全資附屬公司高力資本有限公司(「高力資 本」)提供該等貸款授信獲取利息收入。 1. 本集團放債業務未償還貸款餘額 ...

Financial Performance - Total revenue for the year was HKD 4,271,161,000, an increase from HKD 4,053,908,000 in the previous year, representing a growth of approximately 5.4%[67] - Gross profit decreased to HKD 452,886,000 from HKD 515,000,000, reflecting a decline of about 12.1%[67] - The net profit for the year was HKD 90,538,000, down from HKD 221,543,000, indicating a significant decrease of approximately 59.0%[67] - The company reported a total comprehensive income of HKD 36,442,000, compared to HKD 236,042,000 in the previous year, a decline of about 84.5%[67] - The company's revenue for the year ended December 31, 2022, was HKD 1,278,136,000, a decrease from HKD 1,307,063,000 in 2021, representing a decline of approximately 2.2%[96] - The operating profit before tax for 2022 was HKD 106,180,000, down from HKD 249,096,000 in 2021, indicating a significant decrease of about 57.4%[98] - The company recognized other income of HKD 51,229,000, up from HKD 42,296,000, reflecting an increase of about 21.5%[67] Assets and Liabilities - As of December 31, 2022, total assets amounted to HKD 2,285,686 thousand, a slight decrease from HKD 2,335,533 thousand in the previous year[93] - Non-current assets were reported at HKD 749,573 thousand, down from HKD 812,308 thousand year-on-year[93] - Current liabilities decreased to HKD 1,529,119 thousand from HKD 1,572,319 thousand, indicating improved liquidity management[93] - The company's equity attributable to shareholders was HKD 1,169,736 thousand, a decline from HKD 1,193,866 thousand in the prior year[94] - The total equity of the company stood at HKD 1,278,136 thousand, compared to HKD 1,307,063 thousand in the previous year[94] - The company reported a significant increase in trade and other receivables, reaching HKD 959,118 thousand, up from HKD 899,800 thousand[93] - The cash and cash equivalents decreased to HKD 541,569 thousand from HKD 672,722 thousand, reflecting a tighter cash position[93] - The company’s non-current lease liabilities decreased to HKD 203,872 thousand from HKD 243,034 thousand, indicating a reduction in long-term obligations[94] Environmental and Social Responsibility - The company provided sponsorship of HKD 500,000 to the North District Football Recreation Association, becoming the main sponsor for their football team despite the COVID-19 pandemic[7] - The company has established targets for emissions reduction and has taken steps to achieve these goals[9] - The total amount of hazardous waste generated during the reporting period is documented, along with measures for waste management[9] - The company continues to promote effective resource usage policies, including energy and water conservation[9] - The company has committed to responsible and fair collection and use of customer data, strictly adhering to relevant regulations[5] - The company has no legal violations related to personal privacy during the reporting period[5] - There were no legal proceedings related to corruption during the reporting period[6] Financial Management - The financial expenses related to bank borrowings increased to HKD 41,517,000 from HKD 27,130,000, marking a rise of approximately 53.2%[67] - The expected credit loss model resulted in administrative expenses of HKD 159,890,000, down from HKD 196,063,000, a decrease of approximately 18.4%[67] - The company paid dividends of HKD 57,438,000 in 2022, an increase from HKD 31,591,000 in 2021, representing an increase of approximately 82%[99] - The company incurred financial costs of HKD 41,517,000 in 2022, compared to HKD 27,130,000 in 2021, marking an increase of about 53%[98] - The company experienced a net cash outflow from investing activities of HKD 48,547,000 in 2022, compared to a net inflow of HKD 2,749,000 in 2021[99] Accounting Policies and Standards - The group has not early adopted the new and revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective[104] - The amendments to HKAS 1 clarify the classification of liabilities as current or non-current, impacting the assessment of deferred settlement rights[105] - The consolidated financial statements are prepared based on the historical cost method, with certain financial instruments measured at fair value[108] - The group recognizes goodwill arising from business acquisitions at the cost determined on the acquisition date, less any accumulated impairment losses[115] - Deferred tax assets are reviewed at each reporting period end and reduced if it is no longer probable that sufficient taxable profits will be available to utilize the assets[125] - The group applies the equity method for investments in associates and joint ventures, with goodwill recognized for any excess of cost over the fair value of identifiable net assets[119] - Non-controlling interests are presented separately in the consolidated financial statements, representing the proportionate share of net assets attributable to those interests[112] - The group will continue to use the equity method when an investment in an associate becomes an investment in a joint venture, without re-measuring fair value[122] - The amendments to HKAS 1 introduced in 2020 and 2022 provide additional guidance on the classification of liabilities and compliance with covenants[105] - The group expects that the application of all other new and revised Hong Kong Financial Reporting Standards will not have a significant impact on the consolidated financial statements in the foreseeable future[104] Revenue Recognition - The group recognizes revenue when control of the goods or services is transferred to the customer, either over time or at a point in time[159] - The group will reclassify cumulative exchange differences to profit or loss upon the sale of overseas operations, including the loss of control over subsidiaries containing overseas businesses[149] Inventory and Asset Management - The group uses the weighted average cost method for inventory costs of concrete products, while all other products are calculated using the first-in, first-out method[131] - Inventory is recorded at the lower of cost and net realizable value[194] - The cost of right-of-use assets includes any lease payments made before the commencement date, less any lease incentives received[186] - Lease liabilities are recognized at the present value of lease payments not yet paid at the lease commencement date[190] - Depreciation of assets is calculated on a straight-line basis over their estimated useful lives, with estimates reviewed at each reporting period end[199] - The group recognizes any gains or losses from the sale or disposal of property, plant, and equipment in profit or loss[183]

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。 全年業績 截至二零二二年十二月三十一日止年度 高力集團有限公司（「本公司」）董事會（「董事會」）欣然公佈本公司及其附屬公司（「本集團」）截至 二零二二年十二月三十一日止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 年度之比較數字如下： 綜合損益及其他全面收益表 截至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 收入 3 4,271,161 4,053,908 銷售成本 (3,818,275) (3,538,908) 毛利 452,886 515,000 其他收入 51,229 42,296 銷售及分銷成本 (139,875) (131,716) 行政費用 (159,890) (196,063) 根據預期信貸損失（「預期信貸損失」）模式的 ...

Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 2,119,928, an increase of 7.5% compared to HKD 1,972,376 for the same period in 2021[4] - Gross profit decreased to HKD 231,444, down 20.7% from HKD 292,086 in the previous year[4] - Net profit for the period was HKD 44,731, a decline of 51.3% compared to HKD 91,862 in the same period last year[4] - Total comprehensive income for the period was HKD 17,656, significantly lower than HKD 98,218 in the previous year, reflecting a decrease of 82.0%[6] - Basic earnings per share decreased to HKD 0.067, down from HKD 0.1363 in the prior year, representing a decline of 50.9%[6] - The company reported a total comprehensive income of 98,218 thousand HKD for the period ending June 30, 2022, compared to 137,824 thousand HKD for the same period in the previous year, reflecting a decrease of approximately 28.7%[19] - The group reported a profit of HKD 38,476,000 for the six months ended June 30, 2022, compared to HKD 78,286,000 for the same period in 2021, indicating a decrease of approximately 50.9% [70] Assets and Liabilities - Non-current assets amounted to HKD 784,343, a slight decrease from HKD 812,308 as of December 31, 2021[8] - Current assets increased to HKD 2,560,155, up from HKD 2,335,533 at the end of 2021, indicating a growth of 9.6%[8] - Total equity decreased to HKD 1,278,769 from HKD 1,307,063, a decline of 2.2%[12] - The total equity attributable to shareholders was reported at 1,307,063 thousand HKD as of June 30, 2022, compared to 1,278,769 thousand HKD in the previous year, showing an increase of approximately 2.2%[23] - The company's total assets as of June 30, 2022, were valued at 1,193,866 thousand HKD, reflecting a slight increase from 1,165,372 thousand HKD in the prior year[23] - The net trade receivables as of June 30, 2022, amounted to HKD 921,134,000, an increase from HKD 813,594,000 as of December 31, 2021, reflecting a growth of 13.2% [74] - Trade and other payables as of June 30, 2022, were HKD 430,015,000, significantly higher than HKD 238,343,000 as of December 31, 2021, reflecting an increase of 80.5% [77] - The group's total borrowings as of June 30, 2022, were approximately HKD 1,279,160,000, compared to HKD 1,245,786,000 as of December 31, 2021[100] Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2022, was 1,237,776 thousand HKD, an increase from 894,684 thousand HKD in the prior year, representing a growth of about 38.3%[29] - The company incurred a net cash outflow from investing activities of 29,207 thousand HKD for the current period, compared to a net inflow of 2,029 thousand HKD in the previous year[29] - The financing activities resulted in a net cash outflow of 1,324,614 thousand HKD, significantly higher than the outflow of 774,165 thousand HKD in the prior year, indicating increased financing costs[29] - The group’s cash flow from operating activities was reclassified to a net cash inflow of HKD 894,684,000 for the six months ended June 30, 2021[83] Revenue Segmentation - Revenue from metal products was HKD 617,738, while revenue from construction materials was HKD 1,502,112, contributing to the overall revenue[39] - The company’s revenue from operations for the six months ended June 30, 2022, was 744,936 thousand HKD, compared to 739,877 thousand HKD in the same period last year, indicating a slight increase[23] - The construction materials business generated revenue of approximately HKD 1,502,112,000, representing a 30% increase compared to the same period last year[98] - Revenue from the metal products segment was approximately HKD 619,185,000, a decrease of 24% compared to the same period last year[95] Expenses and Financial Costs - The financial expenses for the period amounted to HKD 14,987, including bank borrowing interest of HKD 9,003 and lease liabilities interest of HKD 5,984[44] - The group’s tax expenses for the six months ended June 30, 2022, were HKD 9,715,000, compared to HKD 8,524,000 for the same period in 2021, representing an increase of 13.9% [64] - The group’s depreciation expenses for property, plant, and equipment were HKD 19,032,000 for the six months ended June 30, 2022, compared to HKD 20,556,000 in the same period of 2021, showing a decrease of 7.4% [68] Market Outlook - The group expects a prolonged golden period for the Hong Kong construction industry due to strong demand for land, public facilities, and housing[104] - The group maintains a positive outlook for the construction materials business despite challenges from the pandemic and international market volatility[104] Corporate Governance - The Audit Committee was established on January 5, 1999, consisting of three independent non-executive directors[116] - The Remuneration Committee was formed on April 21, 2005, also comprising three independent non-executive directors[117] - The Nomination Committee was established on December 30, 2021, led by an executive director and three independent non-executive directors[119] - The company confirmed compliance with the standards set forth in the code of conduct for securities trading by directors for the six months ending June 30, 2022[120] - There were no purchases or redemptions of the company's listed securities by the company or its subsidiaries during the six months ending June 30, 2022[121] Employee and Stakeholder Relations - The company expressed gratitude to employees, management, shareholders, clients, banks, and business partners for their support and efforts[122]