6月2日，截至港股收盘，恒生指数下跌0.57%，报23157.97点。昊天国际建投（01341.HK）收报0.425港 元/股，上涨7.59%，成交量1.17亿股，成交额4710.48万港元，振幅22.78%。 最近一个月来，昊天国际建投累计跌幅13.19%，今年来累计跌幅50%，跑输恒生指数16.1%的涨幅。 （以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 来源：金融界 财务数据显示，截至2024年9月30日，昊天国际建投实现营业总收入7755.39万元，同比增长0%；归母 净利润-6402.71万元，同比增长16.47%；毛利率36.05%，资产负债率40.56%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，工业工程行业市盈率（TTM）平均值为14.59倍，行业中值2.41倍。昊天国际建投市盈 率-6.81倍，行业排名第151位；其他谊砾控股（00076.HK）为0.31倍、中国航天万源（01185.HK）为 0.32倍、天洁环境（01527.HK）为1.88倍、北京控股环境集团（00154.HK）为2.16倍、同景新能源 （08326.HK）为 ...

智通财经APP获悉，根据2025年4月29日披露数据，春立医疗（01858）、医渡科技（02158）、昊天国 际建投（01341）港股通持股占比增加值最大，分别增加1.40%、1.19%、1.14%；京城机电股份 （00187）、恆生中国企业（02828）、第一拖拉机股份（00038）港股通持股占比减少值最大，分别减 少-1.22%、-0.67%、-0.54%。 在最近有统计数据的5个交易日内，京城机电股份（00187）、赤峰黄金（06693）、博安生物（06955） 港股通持股占比增加值最大，分别增加6.97%、6.85%、4.29%；科伦博泰生物-B（06990）、恆生中国 企业（02828）、远洋集团（03377）港股通持股占比减少值最大，分别减少-3.02%、-2.79%、-2.55%。 具体数据如下（交易所数据根据T+2日结算）： 3、港股通5日占比增持榜（前10名） | 公司名称 | 占比值变动 | 最新持股比例 | | --- | --- | --- | | 京城机电股份(00187) | +6.97% | 51.11% | | 赤峰黄金(06693) | +6.85% | 36.89% | | ...

Group 1 - The core viewpoint of the news is that Haotian International Construction Investment has entered into a joint venture agreement with Jiangsu Litong to establish a company focused on AI computing power and related services, with Haotian holding 75% and Jiangsu holding 25% of the equity [1] - The joint venture will involve capital commitments of RMB 300 million from Haotian and RMB 100 million from Jiangsu, and the joint venture will be consolidated into Haotian's financial statements [1] - The joint venture aims to develop AI computing resources and 5G big data-related businesses, including AI computing power leasing, data empowerment services, R&D collaboration, and trade related to AI computing equipment [2] Group 2 - The AI sector has seen significant advancements over the past year, with developments in large language models and multimodal models, leading to a decrease in training and inference costs, thus facilitating the commercialization of AI [3] - The establishment of the joint venture is viewed as a valuable opportunity for Haotian to enter the AI business, potentially leading to diversified asset portfolios and increased revenue sources [3] - If the joint venture's business is successful, it is projected that annual revenues could reach up to USD 300 million or more [3]

Financial Performance - For the year ended 31 March 2024, ALS recorded a revenue of approximately HK$228 million and a total comprehensive loss of approximately HK$1,182 million[25]. - The Group's revenue for the period ended 30 June 2024 was approximately HK$22 million[23]. - During the Period, the Group recorded a total revenue of approximately HK$86 million, consistent with the previous year[45]. - The sales of construction machinery and spare parts were approximately HK$11 million, while rental income from construction machinery was approximately HK$65 million, reflecting a decrease from HK$68 million in the previous year[46]. - The Group recorded a loss of approximately HK$81 million for the Period, compared to a loss of approximately HK$85 million in the previous year[44]. - The finance costs decreased to approximately HK$6 million from approximately HK$9 million, representing a reduction of approximately 33%[70]. - The Group recognized an impairment loss provision for expected credit losses on financial assets of approximately HK$17 million, an increase from approximately HK$6 million in the previous year[90]. - Other net losses during the period were approximately HK$6 million, a significant decrease from approximately HK$92 million in the previous year[89]. - The Group's cash and cash equivalents totaled HK$56 million, with HK$45 million in HKD, HK$8 million in USD, and smaller amounts in MYR, EURO, and GBP[148]. - The company reported a loss for the period attributable to owners of the Company of HK$71 million for the six months ended September 30, 2024, compared to a loss of HK$85 million in the same period of 2023, representing a 16.5% improvement[193]. - Total comprehensive expenses for the period attributable to owners of the Company were HK$61 million, down from HK$126 million in the previous year, indicating a 51.6% reduction[193]. - Basic and diluted loss per share improved to HK$0.93 for the six months ended September 30, 2024, compared to HK$1.12 in the same period of 2023, reflecting a 16.8% decrease in loss per share[193]. Assets and Liabilities - As of September 30, 2024, the Group's total borrowings amounted to HK$96 million, with HK$79 million due within one year[115]. - Approximately 54% of the Group's borrowings are secured by property, machinery, motor vehicles, and investment properties[116]. - As of September 30, 2024, the Group's current assets were approximately HK$385 million, down from approximately HK$773 million as of 31 March 2024, while current liabilities decreased to approximately HK$200 million from approximately HK$554 million[99]. - Total current liabilities decreased to HK$200 million as of September 30, 2024, from HK$554 million as of March 31, 2024, showing a significant reduction of 63.9%[196]. - Net current assets were reported at HK$185 million as of September 30, 2024, down from HK$219 million as of March 31, 2024, a decline of 15.5%[196]. - Total non-current liabilities decreased to HK$541 million as of September 30, 2024, compared to HK$598 million as of March 31, 2024, a reduction of 9.5%[196]. - The company's net assets stood at HK$1,165 million as of September 30, 2024, down from HK$1,236 million as of March 31, 2024, reflecting a decrease of 5.7%[196]. - Equity attributable to owners of the Company decreased to HK$1,055 million as of September 30, 2024, from HK$1,116 million as of March 31, 2024, a decline of 5.5%[196]. Business Operations and Strategy - The Group is developing a special economic zone in Cambodia, covering an area of 17,252,519 square meters, with the project still in its preliminary stage[18]. - A residential and commercial mixed property development project in Malaysia spans 267,500 square meters and is also in its preliminary stage[18]. - The Group's ongoing projects in Cambodia and Malaysia are expected to enhance its market presence and revenue potential in the future[18]. - The Group's principal activities include securities investment, provision of securities brokerage, asset management, and property development[30]. - The Group's strategic focus includes diversifying into financial services, property development, and construction machinery businesses[30]. - The Group is actively seeking investment opportunities in areas such as computing power scheduling, computing power leasing, and AI computing power centers[83]. - The Group is exploring more business opportunities in Cambodia, which is seen as a high-growth emerging market[97]. - The Group is exploring investment opportunities in Cambodia, which is seen as a significant location for the Belt and Road Initiative[110]. - The Group plans to collaborate with industry experts to introduce advanced technology equipment and construct a regional data and arithmetic network[106]. - The Group will phase out the money lending business and strengthen its corporate financial advisory and asset management services[107]. - The Group aims to diversify its asset portfolio and enhance income sources while exploring high-quality asset investment opportunities in major economies[105]. - The Group is exploring opportunities in Malaysia, which has shown strong GDP growth and investment potential, aligning with the "One Belt, One Road" initiative[131]. Compliance and Governance - The Group has complied with all relevant laws and regulations regarding its money lending business, with no objections or investigations reported during the period[13]. - The Group's financial position as of September 30, 2024, remains under strict compliance with the Listing Rules and Money Lenders Ordinance[14]. - The Group has established sufficient risk management procedures to identify and control various risks[165]. - The Group's treasury policy emphasizes prudent financial management, maintaining a robust liquidity position[164]. - The Group is committed to continuously improving its corporate governance practices to enhance shareholder value[112]. - The audit committee consists of four independent non-executive directors as of September 30, 2024, responsible for reviewing financial reports and internal controls[177]. Shareholder Information - The Board does not recommend the payment of any interim dividend to shareholders for the period, consistent with the previous year[78]. - The maximum gross proceeds from the placing of shares will amount to approximately HK$610 million, with net proceeds expected to be around HK$600 million[96]. - The maximum number of placing shares under a recent agreement is 1,524,224,000, representing approximately 20% of the existing issued share capital[124]. - The total number of shares available for issue under the Share Award Scheme, including outstanding award shares, is 525,269,218, which represents 6.89% of the issued shares[191]. - The Company has not been notified of any interests or short positions in shares or debentures by any persons other than Directors or the chief executive as of September 30, 2024[185]. - The Company expresses gratitude to all stakeholders for their continuous support[191].

Revenue and Profitability - Revenue for the six months ended September 30, 2024, remained stable at HKD 86 million, unchanged from the same period in 2023[1] - Gross profit decreased slightly to HKD 31 million, down from HKD 32 million year-on-year[1] - The net loss for the period was HKD 81 million, an improvement from a net loss of HKD 85 million in the previous year[4] - The basic and diluted loss per share improved to HKD 0.93 from HKD 1.12 year-on-year[17] - The company reported a loss attributable to shareholders of HKD 71 million for the six months ended September 30, 2024, compared to a loss of HKD 85 million for the same period in 2023, representing a 16.5% improvement[152] - The company reported a pre-tax loss of HKD 82 million for the six months ended September 30, 2024[121] Assets and Liabilities - Total assets decreased to HKD 1,960 million from HKD 2,388 million as of March 31, 2024[20] - Current liabilities decreased to HKD 200 million from HKD 554 million, indicating improved liquidity[23] - Non-current assets totaled HKD 1,575 million, down from HKD 1,615 million[20] - The company's cash and cash equivalents decreased to HKD 56 million from HKD 100 million[20] - The company's equity attributable to owners decreased to HKD 1,165 million from HKD 1,236 million[28] Business Segments and Operations - The company operates five reportable segments, including construction machinery rental and sales, maintenance and transportation services, lending business, financial services, and property development[38][39] - For the six months ended September 30, 2024, the company reported external revenue of HKD 79 million, with a segment performance showing a pre-tax loss of HKD 80 million[54] - The company provides a range of financial services under its asset management and securities brokerage segment, regulated by the Securities and Futures Commission[39] - The company has a lending license and offers mortgage and personal loan services in Hong Kong[39] - The company’s construction machinery rental fleet includes various sizes of crawler cranes and other mobile cranes, with sales operations in Hong Kong and Macau[38] Financial Performance and Market Recognition - The company has been included in the Hang Seng Composite Index effective from September 9, 2024, reflecting high recognition of its business performance and value in the capital market[36] - The company’s inclusion in the Hang Seng Composite Index is expected to enhance its shareholder base and increase liquidity in its shares[36] - Interest income for the six months ended September 30, 2024, was HKD 86 million, compared to HKD 79 million for the same period in 2023, representing a 8.86% increase[134] Loan and Credit Management - The company is committed to adhering to comprehensive policies and procedures in its lending operations, ensuring compliance with regulations[168] - The credit risk assessment policy includes evaluating the borrower's identity, financial condition, and creditworthiness before loan approval[173] - The company aims to diversify its loan portfolio to mitigate concentration risk by providing loans to various borrowers without preference for specific types[174] - The risk management department reviews the risk levels of each loan daily and reports to senior management, including the CEO and CFO, under certain circumstances[180] - The company has a structured loan approval process that involves credit assessment and risk management review before final approval[178] Property Development Projects - The group holds a property development project in Cambodia, covering an area of 17,252,519 square meters for an economic zone, which is still in the preliminary stage[195] - In Malaysia, the group has another property development project located in Semenyih, covering 267,500 square meters, which is also in the preliminary stage[195] Other Financial Information - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2024[150] - The company had no external customers contributing over 10% of total revenue during the reporting period[125] - The geographical market revenue for Hong Kong was HKD 86 million, consistent with the previous year[124] - The company incurred other losses of HKD 91 million for the six months ended September 30, 2024[144] - Financing costs for the period included interest expenses of HKD 69 million[147] - The estimated taxable profit for the period was not more than HKD 2,000,000, with a tax rate of 8.25% applied[148]

Financial Performance - Total revenue for the year ended March 31, 2024, was HKD 246 million, compared to HKD 173 million for the previous year, representing an increase of 42.3%[2] - Gross profit decreased to HKD 64 million from HKD 82 million, reflecting a decline of 22%[2] - The net loss for the year was HKD 512 million, compared to a profit of HKD 108 million in the previous year, indicating a significant downturn[3] - The company's share of losses from associates increased to HKD 325 million from HKD 45 million, a rise of 622.2%[2] - The company reported a fair value loss on equity instruments of HKD 87 million, compared to HKD 23 million in the previous year[3] - The company reported a pre-tax loss of HKD 508 million, with no inter-segment sales changes during the reporting period[16] - The company recorded a pre-tax profit of HKD 114 million for the fiscal year ending March 31, 2024[18] - The company reported a financial asset impairment loss of HKD 37 million for 2024, compared to a reversal of HKD 28 million in 2023[18] - The group recorded a loss of approximately HKD 512 million this year, compared to a profit of approximately HKD 108 million in 2023[68] - Total revenue for the year was approximately HKD 173 million, down from approximately HKD 246 million in 2023, representing a decline of about 30%[68] Assets and Liabilities - Total non-current assets decreased to HKD 1,615 million from HKD 2,110 million, a reduction of 23.4%[4] - The company's total assets decreased to HKD 2,388 million from HKD 3,489 million, a drop of 31.5%[5] - The company's equity decreased to HKD 1,236 million from HKD 1,864 million, a decline of 33.7%[7] - Current liabilities decreased to HKD 554 million from HKD 968 million, a decline of 42.7%[6] - The total debt net of cash and cash equivalents is HKD 760 million, with total equity of HKD 1,236 million, resulting in a debt-to-equity ratio of 38% as of March 31, 2024, compared to 32% in 2023[83] - The group’s total assets and liabilities as of March 31, 2024, are approximately HKD 1,996 million, down from HKD 2,731 million in 2023[82] Revenue Breakdown - The company's external revenue for the fiscal year ending March 31, 2024, was HKD 173 million, a decrease of 29.8% from HKD 246 million in the previous year[18] - Revenue from lending, asset management, and other financial services was approximately HKD 10 million, a decrease of about 23% from approximately HKD 13 million in 2023[69] - The revenue from construction machinery and spare parts sales was HKD 157 million for 2024, compared to HKD 225 million in 2023, indicating a decrease of 30.2%[24] - Rental income from construction machinery was approximately HKD 136 million, down from approximately HKD 160 million in 2023, a decrease of about 15%[68] - The financial services segment generated approximately HKD 7 million in revenue, accounting for about 4% of total revenue, with a segment profit of approximately HKD 5 million[50] Employee and Operational Metrics - The company’s total employee costs for 2024 were HKD 56 million, down from HKD 62 million in 2023[27] - The construction machinery rental fleet maintained around 171 units, with ongoing upgrades to enhance the fleet's capabilities[49] - The utilization rate for construction machinery dropped to 85% this year, compared to 90% in 2023[68] - The group has 122 employees as of March 31, 2024, an increase from 117 employees in the previous year[91] Risk Management and Compliance - The company has established a comprehensive internal control manual governing its lending operations, ensuring compliance with applicable laws and regulations[56] - The company emphasizes the importance of thorough credit evaluations before granting loans, ensuring that all relevant factors are considered[57] - The risk management department conducts daily reviews of loan risk levels and reports recommendations to senior management, including the CEO and CFO[58] - The group maintains a prudent liquidity policy, ensuring a stable liquidity position throughout the year[88] - The group has established sufficient risk management procedures to identify and control various risks in the internal and external environment[89] Strategic Initiatives - The group has diversified its business strategy into financial services, property development, and construction machinery[48] - The group recognizes the growing global demand for natural resources and is investing additional resources to identify investment opportunities in related projects[93] - The company is actively seeking investment opportunities in Cambodia and Malaysia, capitalizing on the favorable investment environment and economic growth potential in these regions[96] - The strategic investor, Yitai, acquired an 18.37% stake in the company, which is expected to enhance market investor confidence and expand the shareholder base[93] Dividends and Shareholder Information - The company did not declare or pay any dividends for the fiscal year ending March 31, 2024, consistent with the previous year[29] - The group did not recommend a final dividend for the year, consistent with the previous year[92] - The weighted average number of ordinary shares issued increased from 7,586 million to 7,614 million[31] Financial Reporting Standards - The group has adopted new Hong Kong Financial Reporting Standards effective from April 1, 2023, with no significant impact on financial performance or disclosures[10] - The group has applied the revised Hong Kong Accounting Standard No. 1, which replaces "major accounting policies" with "significant accounting policy information," without significant impact on financial performance[11]

Financial Performance - Revenue from the financial services business was approximately HK$2 million, a decrease from approximately HK$5 million in 2022, primarily due to a decline in transaction value and volume[6]. - As of September 30, 2023, the Group recorded a loss of approximately HK$85 million, compared to a profit of approximately HK$91 million in 2022[31]. - Total revenue for the Period was approximately HK$86 million, down from approximately HK$123 million in 2022, representing a decrease of about 30%[31]. - The Group's asset management, securities brokerage, and other financial services revenue decreased by approximately HK$6 million due to a decline in loans receivables and transaction volumes[41]. - The Group recognized an allowance for expected credit losses on financial assets of approximately HK$6 million, an increase from HK$2 million in the previous year, due to increased aging of overdue loan receivables[50]. - The Group's total comprehensive loss for the period was HK$127 million, compared to a total comprehensive income of HK$46 million in the previous year[111]. - The company reported a net foreign exchange loss of HK$2 million for the six months ended September 30, 2023, compared to a gain of HK$1 million in the same period of 2022[171]. - The company reported a change in fair value of financial assets at FVTPL of HK$(116) million for the six months ended September 30, 2023, compared to HK$(10) million in the same period of 2022[171]. Loan Portfolio and Credit Management - As of September 30, 2023, the Group had loans receivable with a carrying amount of approximately HK$41 million, down from HK$45 million as of March 31, 2023[7]. - The Group recorded interest income from loans receivable of approximately HK$2 million for the period, a decrease from HK$5 million in the same period of 2022[7]. - The Group has adopted a credit policy that includes compliance with applicable laws, credit assessment of potential borrowers, and determination of suitable interest rates based on risk levels[9]. - The Company offers both secured and unsecured loans, aiming to diversify its loan portfolio to lower concentration risk[9]. - The credit risk assessment is conducted on a case-by-case basis, considering factors such as credit history, capacity to repay, and collateral[9]. - The Group assesses the necessity and value of collateral for each loan on a case-by-case basis, considering repayment history and financial condition of the borrower[10]. - The Company closely monitors its loan portfolio through regular communication with borrowers and monthly assessments of collateral valuation, repayment track records, and borrower profiles[12]. - The risk management department reviews the risk level of each loan daily and reports to senior management, including the CEO and Financial Controller[12]. Construction Machinery and Rental Operations - The Group maintained approximately 170 units of construction machinery in its rental fleet during the period[6]. - The Group sells spare parts for maintenance purposes to meet customer needs[6]. - The Group sources construction machinery from manufacturers in Western Europe, Japan, and China[6]. - Rental income from construction machinery was approximately HK$68 million, down from approximately HK$83 million in 2022, reflecting a decrease of about 18%[40]. - Sales of construction machinery and spare parts were approximately HK$11 million, down from approximately HK$25 million in 2022, indicating a decrease of about 56%[40]. - The utilisation rate for rental machinery was approximately 85% during the Period[40]. - The rental machinery occupancy rate was approximately 85%[44]. Corporate Governance and Compliance - The Company has fully complied with the Corporate Governance Code, ensuring high standards of corporate governance to enhance shareholder value[92]. - The Audit Committee, comprising four independent non-executive Directors, reviews and supervises the financial reporting process and internal control system of the Group[92]. - The Company has complied with all relevant laws and regulations, including the Listing Rules and Money Lenders Ordinance, with no objections or investigations reported during the period[19]. - The Group's policy is to manage interest rate risk within an agreed framework to avoid undue exposure to significant interest rate movements[70]. Strategic Initiatives and Market Focus - The Group continues to diversify into financial services, property development, and construction machinery businesses[6]. - The Group has property development projects in Cambodia and Malaysia, with a special economic zone project in Cambodia covering an area of 17,252,519 square meters[31]. - Cambodia is identified as a key investment location with a highly liberalized market, and the Group aims to invest in various business sectors there to capitalize on emerging opportunities[91]. - Malaysia's GDP has been consistently rising, indicating strong investment potential, and the Group is actively seeking local high-quality projects along the "One Belt, One Road" regions[91]. - The Group aims to strengthen capital management and implement stringent cost control measures to maintain profitability during economic downturns[90]. Shareholder Information and Equity - As of September 30, 2023, the total number of shares issued is 7,619,770,721[93]. - The Group held approximately 26.6 million shares of Alliance International as of 30 September 2023[48]. - The Group held 77,500,000 shares of Oshidori International Holdings as of 30 September 2023, unchanged from 31 March 2023[61]. - The total interests of substantial shareholders are recorded in compliance with the Securities and Futures Ordinance[101]. - The company has a share option scheme with 100,000,000 shares available for grant as of both April 1, 2023, and September 30, 2023[107]. - The share award scheme has granted a total of 196,274,929 award shares to non-connected grantees and 65,475,610 to connected grantees[107]. Employee and Operational Metrics - The Group had 110 employees as of 30 September 2023, a decrease from 117 employees as of 31 March 2023[82]. - Administrative expenses increased by approximately 18% to HK$26 million, up from HK$22 million in the previous year[54]. - The Group's liquidity management includes a treasury policy aimed at lowering the cost of funds and monitoring funding at the Group level[65]. Financial Position and Assets - As of September 30, 2023, the Group's current assets were approximately HK$1,049 million, down from approximately HK$1,731 million as of 31 March 2023[65]. - The Group's total equity was HK$1,738 million as of 30 September 2023, down from HK$1,864 million as of 31 March 2023[66]. - Total assets as of September 30, 2023, were HK$2,780 million, down from HK$3,489 million as of March 31, 2023[113]. - The Group's total borrowings amounted to approximately HK$948 million as of 30 September 2023, compared to HK$972 million as of 31 March 2023[66].

Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 86 million, a decrease of 30.1% compared to HKD 123 million for the same period in 2022[2] - Gross profit for the same period was HKD 32 million, down 25.6% from HKD 43 million in 2022[2] - The company reported a net loss of HKD 85 million for the six months ended September 30, 2023, compared to a profit of HKD 91 million in the previous year[3] - Basic loss per share for the six months ended September 30, 2023, was HKD (1.12), compared to earnings of HKD 1.2 per share in the previous year[30] - The group recorded a loss of approximately HKD 85 million for the period, compared to a profit of HKD 91 million in the same period last year[58] - Total revenue for the period was approximately HKD 86 million, down from HKD 123 million in the previous year, representing a decrease of about 30%[58] Segment Performance - For the six months ended September 30, 2023, the company reported segment revenues of HKD 79 million from construction machinery rental and sales, HKD 3 million from maintenance services, and HKD 2 million from lending services[17] - Revenue from sales of construction machinery and spare parts was HKD 11 million, down 56% from HKD 25 million in the previous year[22] - Revenue from maintenance and transportation services was HKD 3 million, a decrease of 40% from HKD 5 million in the previous year[22] - The financial services segment generated revenue of approximately HK$2 million for the period, down from HK$5 million in 2022, primarily due to a decline in trading value and volume[39] - Rental income from construction machinery was approximately HKD 68 million, down 18% from HKD 83 million in the previous year, with an occupancy rate of about 85%[59] Expenses and Losses - Administrative expenses increased to HKD 26 million from HKD 22 million year-on-year, reflecting a rise of 18.2%[2] - The company incurred a pre-tax loss of HKD 82 million for the six months ended September 30, 2023[15] - Other losses for the period amounted to approximately HKD 92 million, compared to other income of approximately HKD 71 million in the previous year[63] - The group recognized an expected credit loss provision of approximately HKD 6 million, an increase from HKD 2 million in the previous year[64] Assets and Liabilities - The total assets as of September 30, 2023, amounted to HKD 2,780 million, down from HKD 3,489 million as of March 31, 2023[8] - Current liabilities totaled HKD 425 million, a decrease from HKD 968 million as of March 31, 2023[9] - The company's equity attributable to shareholders decreased to HKD 1,570 million from HKD 1,695 million[9] - Non-current assets as of September 30, 2023, totaled HKD 1,359 million, an increase from HKD 1,367 million as of March 31, 2023[21] - The group’s total liabilities amounted to HKD 948 million as of September 30, 2023, down from HKD 972 million as of March 31, 2023[72] Cash and Financing - The company’s cash and cash equivalents were HKD 73 million, down from HKD 105 million in the previous period[8] - The group’s net debt was HKD 875 million as of September 30, 2023, compared to HKD 867 million as of March 31, 2023[72] - The group executed bond purchases amounting to approximately HKD 250 million and HKD 101 million on June 13 and June 29, 2023, respectively[12] - The group aims to manage interest rate risk through appropriate financing policies, including the use of bank loans and issuance of new shares[76] Risk Management and Compliance - The group has established sufficient risk management procedures to identify and control various risks in line with shareholder interests[79] - The group has implemented a credit risk assessment policy prior to granting loans, which includes background checks, financial information review, and creditworthiness evaluation[44] - The risk management department reviews the risk levels of each loan daily and reports to senior management, including the CEO and CFO, under certain circumstances[48] - The company closely monitors macroeconomic conditions and borrower announcements to assess credit risk[56] Corporate Governance and Future Outlook - The company has not provided specific guidance for future performance or new product developments in the announcement[10] - The management acknowledges ongoing geopolitical tensions and high inflation rates as challenges impacting the global economy and financial markets[84] - The company is committed to improving its corporate governance practices to enhance shareholder value and protect stakeholder interests[89] - The company plans to maintain its risk management policies and strengthen capital management while implementing strict cost control measures to sustain profitability during economic downturns[85]

Sales and Revenue Performance - The Group recorded an increase in sales of construction machinery and spare parts, primarily due to a rise in demand for environmentally friendly construction machinery, with a rental machinery occupancy rate of approximately 90%[9]. - The revenue for the financial services business was approximately HK$10 million, a decrease from approximately HK$16 million in 2022, representing about 4% of the total revenue of the Group[13]. - Total revenue for the Year was approximately HK$246 million, an increase from approximately HK$220 million in 2022[40]. - Sales of construction machinery and spare parts amounted to approximately HK$65 million, up from approximately HK$49 million in 2022, driven by increased demand for environmentally friendly construction machinery[40]. - Rental income from construction machinery was approximately HK$160 million, an increase from approximately HK$128 million in 2022, attributed to more government projects[40]. - Total revenue from money lending, asset management, securities brokerage, and other financial services decreased by approximately HK$20 million, or approximately 60%, to approximately HK$13 million in 2023 from approximately HK$33 million in 2022[47]. Financial Services and Loan Management - The financial services business aims to expand its presence in the financial markets of Hong Kong and Mainland China through organic growth or partnerships with reputable firms[9]. - The Group's financial services revenue represented approximately 4% of total revenue, down from 7% in 2022[13]. - The Group recorded interest income from loans receivable of approximately HK$3 million for the Year, a significant decrease from HK$17 million in 2022[16]. - The Group's expected credit loss (ECL) rate for loans receivable ranged from 3% to 61%, compared to 18% to 55% in 2022, reflecting varying risk characteristics[39]. - The reversal of provision for expected credit loss of loans receivables was HK$26 million, due to approximately HK$71 million recovered during the Year[39]. - The Group's money lending business is funded by its internal resources, with a total of 4 borrowers as of March 31, 2023[17]. - The company has implemented a credit risk policy that includes compliance with applicable laws, credit assessments, and the necessity of obtaining collateral[22]. - The company aims to diversify its loan portfolio to lower concentration risk and does not have a preference for specific types of borrowers[22]. Economic and Market Conditions - The macroeconomic environment faced challenges including geopolitical tensions, supply chain disruptions, and high inflation rates, impacting overall market conditions[8]. - The Group adopted a sound financial policy to navigate the complicated external environment and actively sought new development opportunities[8]. - The Group expressed confidence in the prospects of the financial markets in Hong Kong and Mainland China, indicating a positive outlook for future growth[9]. - The Group's strategic focus includes both cautious expansion in financial services and maintaining stability in construction machinery operations[9]. Corporate Governance and Management - The Company has adopted sound corporate governance principles emphasizing a quality Board, effective internal control, and stringent disclosure practices[103]. - The Board consists of three executive Directors, one non-executive Director, and four independent non-executive Directors as of the report date[111]. - The Company has complied with the Corporate Governance Code, except for the deviation from code provision C.2.1 regarding the separation of roles between chairman and chief executive[103]. - The Company emphasizes transparency and accountability to all Shareholders as part of its governance practices[103]. - The Company has maintained at least three independent non-executive Directors on the Board, representing at least one-third of the Board, ensuring strong independent judgment[115]. Risk Management and Compliance - The risk management department reviews the risk level of each loan daily and reports to senior management, including the CEO and Financial Controller[27]. - The company closely monitors its loan portfolio, including regular communication with borrowers and monthly assessments of collateral valuation[27]. - The Group has implemented a compliance management system to mitigate compliance risks associated with its financial services operations[162]. - The Company identifies and evaluates key risk factors affecting its objectives on a regular basis[143]. Employee and Stakeholder Relations - The Group's human resource management aims to reward performing staff with competitive remuneration and promote career development through training[151]. - The Group's success relies on support from key stakeholders, including employees, customers, subcontractors, and suppliers[150]. - As of March 31, 2023, the Group had 117 employees, a decrease from 127 employees as of March 31, 2022[85]. Investment and Development Projects - The Group has property development projects in Cambodia and Malaysia, with a special economic zone project in Cambodia covering 17,252,519 square meters[40]. - The property development project in Malaysia is a mixed-use development covering 267,500 square meters, still in preliminary stages due to COVID-19 impacts[40]. - The Group recognizes the growing global demand for natural resources and is seeking investment opportunities in related projects in China, Southeast Asia, and Africa[86]. - Cambodia is identified as a key investment location due to its economic transformation and liberalized market, with the Group exploring various business opportunities there[88]. Financial Performance and Shareholder Returns - The Group recorded a profit of approximately HK$108 million for the Year, compared to a loss of approximately HK$412 million in 2022[40]. - The Group's management emphasized the importance of streamlining existing businesses while exploring new opportunities to enhance shareholder returns[10]. - The Group does not recommend any final dividend for the year, consistent with the previous year[85]. - The Company has reserves available for distribution totaling approximately HK$1,749 million as of March 31, 2023[163].

Financial Performance - The total revenue for the year ended March 31, 2023, was HKD 246 million, an increase from HKD 220 million in the previous year, representing an increase of approximately 11.82%[2] - The gross profit for the year was HKD 82 million, compared to HKD 76 million in the previous year, reflecting a growth of 7.89%[2] - The net profit for the year was HKD 108 million, a significant recovery from a loss of HKD 412 million in the previous year[3] - The total comprehensive income for the year was HKD 72 million, compared to a loss of HKD 419 million in the previous year, indicating a turnaround in performance[3] - The basic earnings per share for the year was HKD 1.42, recovering from a loss of HKD 5.54 per share in the previous year[3] - The total segment profit before tax was HKD 114 million, with significant contributions from the lending and asset management segments[14] - The group reported a total of HKD 246 million in external revenue, with a segment performance of HKD 92 million after accounting for various expenses[15] - Other income, including rental income and interest from loans, increased to HKD 167 million, compared to HKD 152 million in 2022, reflecting a growth of 9.87%[20] - The company reported a decrease in rental income from construction machinery business, which fell from HKD 66 million in 2022 to HKD 56 million in 2023, a decline of approximately 15.2%[36] - The total interest expenses decreased to HKD 19 million from HKD 29 million in the previous year, indicating a reduction of 34.48%[26] Assets and Liabilities - The company's total assets increased to HKD 3,489 million from HKD 2,931 million, marking a growth of approximately 19.03%[5] - Non-current assets totaled HKD 1,758 million, up from HKD 1,517 million, representing an increase of about 15.87%[4] - Current liabilities rose to HKD 968 million from HKD 597 million, an increase of approximately 62.19%[6] - The company's equity increased to HKD 1,864 million from HKD 1,633 million, reflecting a growth of about 14.14%[8] - As of March 31, 2023, current assets were approximately HKD 1,731 million, an increase from HKD 1,414 million in 2022, while current liabilities rose to HKD 968 million from HKD 597 million[85] - The total bank borrowings increased from HKD 275 million in 2022 to HKD 297 million in 2023, representing a growth of about 8%[39] - The net debt decreased to HKD 867 million from HKD 979 million year-over-year, indicating a decline of about 11.4%[87] - The debt-to-equity ratio improved to 32% from 37% in the previous year, showing a positive trend in financial stability[87] Segment Performance - Total revenue from the construction machinery and spare parts rental and sales segment was HKD 225 million, while the repair and maintenance services segment generated HKD 8 million[15] - The lending business reported revenue of HKD 3 million, and the asset management and securities brokerage services contributed HKD 10 million to total revenue[15] - The financial services segment generated revenue of approximately HKD 10 million, a decrease from HKD 16 million in 2022, accounting for about 4% of total revenue compared to 7% in the previous year[52] - Total income from lending, asset management, securities brokerage, and other financial services was approximately HKD 13 million, a decrease of about HKD 20 million or 60% from HKD 33 million in 2022[71] Risk Management and Compliance - The company has implemented comprehensive policies and procedures for loan approval and monitoring to mitigate credit risk[56] - Credit risk assessment is conducted on a case-by-case basis, considering factors such as credit history, repayment ability, and collateral value[59] - The risk management department reviews each loan's risk level daily and reports to senior management, including the CEO and CFO, when necessary[60] - The company emphasizes compliance with applicable laws and regulations in its lending operations[57] - The company has maintained strict compliance with all relevant laws and regulations, including the Money Lenders Ordinance, with no objections or investigations reported during the year[62] Strategic Initiatives - The company acknowledges the growing global demand for natural resources and is actively seeking investment opportunities in China, Southeast Asia, and Africa[98] - The company plans to continue expanding its customer base and enhance its corporate financing advisory services, asset management services, and streamlined lending services[99] - The company is exploring land development projects in Cambodia, which is a key location for the Belt and Road Initiative, and is also identifying quality projects in Malaysia[100] Corporate Governance - The audit committee, consisting of four independent non-executive directors, is responsible for reviewing and supervising the group's financial reporting procedures and internal controls[104] - The auditor confirmed that the consolidated financial statements for the year are consistent with the audited figures[105] - The board expressed sincere gratitude for the efforts and contributions of management and all employees during the year[107]