（於開曼群島註冊成立的有限公司） （股份代號：1397） 董事會會議召開日期 碧瑤綠色集團有限公司（「本公司」）之董事會（「董事會」）謹此宣佈，本公司將於 二零二五年八月二十八(星期四) 舉行董事會會議，藉以考慮並批准（其中包括）刊發本 公司及其附屬公司截至二零二五年六月三十日止六個月之中期業績，以及派發中期股息 （如合適）。 承董事會命 碧瑤綠色集團有限公司 主席 吳永康 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，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該等 內容而引致的任何損失承擔任何責任。 BAGUIO GREEN GROUP LIMITED 碧瑤綠色集團有限公司 香港，二零二五年八月十八日 於本公告日期，董事會包括本公司執行董事吳永康先生、吳玉群女士及梁淑萍女士；以及本公司 獨立非執行董事冼浩釗先生、劉志賢先生、鄭大昭教授及陳健勤先生。 ...

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，並明確表示概不就因本公告全部或任何部 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 BAGUIO GREEN GROUP LIMITED 碧 瑤 綠 色 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1397） 截至二零二四年十二月三十一日止年度之 年報之補充公告 茲提述碧瑤綠色集團有限公司（「本公司」連同其附屬公司統稱「本集團」）於二零二五 年四月二十五日所刊發本公司截至二零二四年十二月三十一日止年度之年報（「年 報」）。除另有界定者外，本公告所用詞彙與年報所界定者具有相同涵義。 除年報中提供之資料外，本公司董事會（「董事會」）謹此就「董事會報告」一節「股份獎 勵計劃」一段提供進一步資料： 根據股份獎勵計劃可供發行的股份總數為41,500,000股，佔本報告日期（即二零二五 年三月二十七日）已發行股份總數（不包括庫存股份）（即415,000,000股）約10%。 1 碧瑤綠色集團有限公司 主席 吳永康 香港，二零二五年八月十四日 於 本 公 告 日 期，董 事 ...

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，並明確表示概不就因本公告全部或任何部 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 BAGUIO GREEN GROUP LIMITED 碧 瑤 綠 色 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1397） 此大幅增加乃主要歸因於(i)毛利率有所改善，由上一期間的7.5%上升至10%，反映 成功實施有效營運成本控制措施及提升營運效率；(ii)出售未充分利用物業、廠房及 設備獲得的收益；及(iii)報告期間財務成本大幅減少。 1 本正面盈利預告公告僅基於董事會參考管理層的估計及經考慮目前可得資料（包括 本集團報告期間之未經審核綜合管理賬目）後作出的初步評估。本公司正在落實本 集團報告期間的中期業績。本公告內的資料未經本公司核數師審閱或審核，或經本 公司審核委員會審閱。董事會將繼續評估本集團的財務表現及營運及本集團報告期 間之中期業績可能會被調整，並與本公告所披露資料有所差異。股東及潛在投資者 務請小心細閱本集團之中期業績公告，預期將於二零二五年八月底前公佈。 股 ...

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: 碧瑤綠色集團有限公司 呈交日期: 2025年8月4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) | 01397 | 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 | | 0.01 | HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 | HKD | | 10,000,000 | 本月底法定/註冊股本 ...

Core Viewpoint - Biyao Green Group has successfully secured a three-year contract worth approximately HKD 150 million for marine waste cleaning and disposal services in Hong Kong's eastern waters, marking a significant expansion of its service portfolio from land to marine operations [1] Group 1: Contract Details - The contract will commence on October 1, 2025, and covers comprehensive marine cleaning and waste collection services in various areas including Victoria Harbour, Central, Sheung Wan, Causeway Bay, Tsim Sha Tsui, Yau Ma Tei, Cheung Sha Wan, Shau Kei Wan, Kwun Tong, Sai Kung, and Tolo Harbour [1] - This contract is seen as a recognition of Biyao's 45 years of excellence in the industry, allowing the company to extend its land waste management standards and operational efficiency to marine environments [1] Group 2: Environmental Commitment - The company aims to protect Hong Kong's marine ecological environment and enhance the cleanliness and beauty of Victoria Harbour, which is a symbol of Hong Kong as an international metropolis [1] - Biyao will provide essential environmental support for various international events held in Victoria Harbour, thereby enhancing Hong Kong's international image [1] Group 3: Future Initiatives - The company will continue to promote green technology innovation and explore more efficient and environmentally friendly technological solutions to support Hong Kong's development towards a smart city [2] - Biyao is committed to creating a cleaner and more livable environment while generating long-term value for shareholders and the Hong Kong community [2]

Green Technology and Sustainability - The company reported a significant focus on green technology, with products like smart recycling machines and food waste processors rapidly expanding across Hong Kong, contributing to business growth[8] - The company is positioned to benefit from the government's sustainable development policies, aiming for "zero waste" by 2035 and "carbon neutrality" by 2050, which will enhance recycling opportunities[9] - The company has established a leadership position in promoting green technology transformation and sustainable development through its successful green technology business[8] - The company is actively involved in the government's initiatives to improve environmental hygiene and contribute to the sustainable development of Hong Kong[14] - The company emphasizes sustainable development as a key component of its business operations and plans to publish an independent sustainability report by April 2025[69] - The company has a strong commitment to ESG initiatives, with dedicated leadership in place to develop comprehensive ESG solutions and promote sustainable practices[64] Financial Performance - The company's revenue for the year was approximately HKD 2,603.1 million, an increase of about 11.8% compared to HKD 2,327.5 million in the previous year[19] - Net profit for the year was approximately HKD 56.5 million, reflecting a year-on-year increase of about 17.3%[19] - The cleaning segment generated revenue of approximately HKD 2,086.8 million, accounting for about 80.1% of total revenue, with a growth of 14.2% compared to the previous year[21] - Waste management and recycling business recorded revenue growth of approximately 2.5%, reaching about HKD 285.8 million, representing 11.0% of total revenue[21] - The gross profit for the waste management and recycling segment increased significantly by approximately 58.2% to about HKD 33.5 million, benefiting from government initiatives to expand recycling points[19] - The overall gross profit decreased from approximately HKD 206.1 million to HKD 188.4 million, with the gross profit margin declining from about 8.9% to 7.2%[24] - The group achieved a net profit attributable to equity shareholders of approximately HKD 53.9 million, an increase of about 14.3% from HKD 47.1 million in the previous year[42] Market Expansion and Business Strategy - The company aims to increase its market share in core businesses while exploring mergers, joint ventures, and new business opportunities to drive growth and create long-term value for shareholders[11] - The company is committed to expanding its operations in both Hong Kong and international markets, aiming for strategic development to drive high-speed growth[11] - The group plans to expand its market presence in Hong Kong and internationally while exploring mergers, joint ventures, and new business opportunities[31] - The company is diversifying its customer base to reduce reliance on a few key clients and is actively targeting new markets or developing new services[187] - A planned acquisition of a property management company in Hong Kong was disclosed, aimed at expanding market presence[187] Governance and Management - The company has a diverse board with members holding advanced degrees and professional qualifications in finance, management, and engineering, enhancing its governance and strategic direction[58][59] - The company maintains a high standard of corporate governance to protect shareholder interests and enhance corporate value[130] - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring a balance of power and responsibilities[143] - The independent non-executive directors provide independent judgment and advice on the overall management of the company[148] - The company has complied with the corporate governance code throughout the year, ensuring transparency and accountability[138] Risk Management - The risk management framework, established in 2016, aims to systematically identify, assess, and mitigate risks across all business areas, ensuring compliance with regulatory requirements[181] - The audit committee has reviewed the effectiveness of the risk management and internal control systems, confirming their adequacy and effectiveness[182] - New risks identified include increased focus on health and safety, the rise of automation and smart cleaning technologies, and labor shortages leading to higher labor costs[186] - The company plans to enhance its internal control review process by hiring an independent professional firm starting from the fiscal year 2025[183] - The company conducts thorough risk assessments before making significant investments and allocates emergency funds to address unexpected financial challenges[187] Human Resources and Employee Management - The company emphasizes the importance of human resources management, with Mr. He Cheng Fai appointed as the Human Resources Director in August 2020, overseeing talent management and employee relations[61] - The company has a gender diversity ratio of 41.9% male to 58.1% female among its employees as of December 31, 2024[156] - The remuneration committee reviews the remuneration policy and structure for all directors and senior management based on the group's operational performance and individual performance[102] - The company emphasizes fair market-level compensation to attract and retain talented employees[160] Shareholder and Dividend Information - The company reported a proposed final dividend of HKD 0.038 per ordinary share, totaling approximately HKD 15.8 million, to be paid on or around July 7, 2025[71] - As of December 31, 2024, the company's distributable reserves amounted to approximately HKD 101.3 million, with HKD 15.8 million earmarked for the proposed final dividend[77] - The company maintains a dividend policy aimed at balancing dividend distribution with sufficient liquidity and reserves for operational needs and future growth opportunities[72] Compliance and Audit - The audit committee is responsible for maintaining appropriate relationships with external auditors and reporting significant risks and compliance issues to the board[166] - The audit services provided by KPMG amounted to approximately HKD 1.7 million for the year[198] - The Audit Committee recommended the reappointment of KPMG as the external auditor for the year 2025, pending shareholder approval at the annual general meeting[169]

Financial Performance - The company's revenue for the year ended December 31, 2024, was approximately HKD 2,603.1 million, an increase of about 11.8% compared to HKD 2,327.5 million in 2023[4] - The gross profit for the year was approximately HKD 188.4 million, a decrease of about 8.6% from HKD 206.1 million in 2023, resulting in a gross margin reduction of 1.7 percentage points to approximately 7.2%[11] - The profit attributable to equity shareholders was approximately HKD 53.9 million, representing an increase of about 14.3% from HKD 47.1 million in 2023[11] - The operating profit for the year was approximately HKD 76.4 million, slightly up from HKD 76.3 million in 2023[37] - The total comprehensive income for the year was approximately HKD 58.1 million, compared to HKD 49.4 million in 2023[38] - The company reported a pre-tax profit of HKD 65,826,000 for the year ending December 31, 2024, compared to HKD 62,552,000 in 2023, marking an increase of about 3.6%[52][54] - The company reported a pre-tax profit of HKD 2,126,812,000 for 2024, an increase from HKD 1,856,452,000 in 2023[63] Dividends and Earnings - The board proposed a final dividend of HKD 0.038 per share, totaling HKD 15,770,000, compared to HKD 14,110,000 in 2023[12] - The proposed final dividend per ordinary share for 2024 is HKD 0.038, an increase from HKD 0.034 in 2023, representing a growth of about 11.8%[68] - Basic earnings per share for the year ended December 31, 2024, is HKD 0.129, up from HKD 0.113 in 2023, indicating an increase of approximately 14.2%[70] Revenue Segmentation - The cleaning segment, as the core business, recorded a revenue increase of 14.2% to approximately HKD 2,086.8 million, accounting for about 80.1% of total revenue[6] - Waste management and recycling business revenue increased by approximately 2.5% to about HKD 285.8 million, representing about 11.0% of total revenue[7] - The cleaning segment generated revenue of HKD 2,086,742,000 in 2024, up from HKD 1,827,343,000 in 2023, reflecting a growth of 14.1%[59] - Major clients contributed HKD 1,608,884,000 in revenue, with Client A contributing HKD 1,307,145,000 and Client B contributing HKD 301,739,000 in 2024[58] Cost Management - The overall gross profit decreased to approximately HKD 188.4 million, down 8.6% from HKD 206.1 million in the previous year, resulting in a gross margin of 7.2%[22][23] - The waste management and recycling segment's profit margin improved significantly from 7.6% to 11.6%, driven by effective cost control measures[15] - Administrative expenses decreased by approximately 7.3% to HKD 119.3 million, accounting for about 4.6% of total revenue[26] Assets and Liabilities - The company's total assets and total liabilities as of December 31, 2024, were approximately HKD 725.5 million and HKD 543.0 million, respectively, resulting in a current ratio of approximately 1.3 times[30] - The company's bank borrowings as of December 31, 2024, were approximately HKD 80.8 million, a decrease of about 55.8% from HKD 182.7 million in 2023[31] - The total liabilities decreased from HKD 65,742,000 in 2023 to HKD 54,828,000 in 2024, a reduction of approximately 16.6%[40] - The company's equity attributable to shareholders rose to HKD 411,569,000 in 2024, up from HKD 370,191,000 in 2023, representing an increase of about 11.2%[40] Operational Developments - The company has successfully launched a one-stop smart recycling system, integrating smart digital technology, big data analysis, and IoT technology[9] - The company won two smart contracts from the Environmental Protection Department, highlighting its innovation and market leadership in green technology[10] - The company continues to expand its gardening services and has secured new contracts in various sectors, including private residences and government institutions[10] - The company has existing contracts valued at approximately HKD 3,887.5 million, with about HKD 2,288.6 million expected to be recognized by the end of 2025[16][18] Future Outlook - The company aims to expand its market presence both locally and internationally while exploring mergers, joint ventures, and new business opportunities[18] - The group has entered into a letter of intent for a potential acquisition of a company engaged in property management in Hong Kong[75] Taxation and Government Support - The current tax provision for Hong Kong profits tax for 2024 is HKD 14,330,000, a decrease from HKD 15,678,000 in 2023, reflecting a reduction of approximately 8.6%[9] - The group has received a tax reduction from the Hong Kong SAR government for the 2023/24 tax year, with a cap of HKD 3,000, compared to HKD 6,000 in the previous year[65] Miscellaneous - The company did not engage in any sale-and-leaseback transactions, thus the recent accounting standards revisions had no significant impact on its financial statements[47] - The annual report will be published on the Hong Kong Stock Exchange website and the company's website[83] - The board of directors includes executive directors and independent non-executive directors[84]

Financial Performance - Total revenue for the six months ended June 30, 2024, was approximately HKD 1,291.1 million, an increase of 16.6% compared to the same period last year[4] - The gross profit increased by approximately 12.4% to about HKD 97.1 million, with a gross margin improvement driven by new cleaning service contracts[6] - The operating profit for the period was approximately HKD 37.2 million, reflecting a growth of 16.8% compared to the previous year[4] - Profit attributable to equity shareholders was approximately HKD 24.3 million, an increase of 11.2% year-on-year[4] - The company reported a basic earnings per share of HKD 5.85, up from HKD 5.26 in the previous year[4] - The overall service cost increased by 17.0% to HKD 1,194.1 million, reflecting the expansion of operations[4] - The group's total revenue for the first half of 2024 was approximately HKD 1,291.1 million, representing a 16.6% increase compared to HKD 1,106.9 million in the same period last year[10] - The overall gross profit rose from approximately HKD 86.4 million to HKD 97.1 million, despite a slight decrease in gross margin from 7.8% to 7.5%[12] - The net profit attributable to equity shareholders for the period was HKD 25,765,000, compared to HKD 21,741,000 in 2023, reflecting a growth of 18.5%[35] Revenue Segmentation - Cleaning services, the core business of the company, generated revenue of approximately HKD 1,034.9 million, representing a 20.1% increase and accounting for about 80.2% of total revenue[6] - Waste management and recycling revenue increased by approximately 7.4% to HKD 147.3 million, contributing 11.4% to total revenue[10] - The gardening segment's revenue increased by 15.8% to HKD 71.1 million, accounting for 5.5% of total revenue[10] - The pest management segment experienced a decline in revenue by 19.2% to HKD 37.8 million, representing 2.9% of total revenue[10] Government Initiatives and Market Opportunities - The government is enhancing recycling initiatives, including the installation of smart food waste recycling machines, which is expected to boost the company's recycling business[6] - The company is positioned to benefit from the government's long-term waste reduction and recycling goals, aligning with its business strategy[6] - The company anticipates continued growth in its core businesses despite the government's delay in implementing waste charging policies[6] - The government is providing comprehensive financial support for the installation of food waste recycling machines in private estates, creating substantial market demand for the company's food waste recycling machines and related smart technology[19] - The company aims to assist Hong Kong in achieving its "zero waste to landfill" goal by 2035 through various recycling services, including food waste collection[19] Operational Expansion and Contracts - The group has a total of HKD 4,598.6 million in existing contracts, with HKD 1,301.5 million expected to be recognized by the end of 2024[13] - The company secured new contracts totaling HKD 1.48 billion in the first half of 2024, increasing its backlog from approximately HKD 4.43 billion to about HKD 4.60 billion, representing a growth of approximately 3.8%[19] - The group is expanding its smart recycling systems and plans to increase market share in smart waste collection technologies[12] - The biochar factory in Tuen Mun has commenced trial operations, converting garden waste into high-quality biochar[12] Employee and Administrative Costs - The total employee cost for the six months was approximately HKD 1,057,300,000, up from HKD 899,000,000 in the same period last year, indicating a 17.6% increase[34] - Administrative expenses increased by approximately 8.8% to HKD 61.5 million, representing about 4.8% of total revenue, due to rising employee wages and office costs[26] Cash Flow and Financial Position - The net cash generated from operating activities was approximately HKD 145.8 million, up from HKD 111.0 million in the first half of 2023[29] - As of June 30, 2024, the group had cash and bank balances of approximately HKD 76.3 million, an increase of about 84.3% from HKD 41.4 million at the end of 2023[29] - The total comprehensive income for the six months ended June 30, 2024, was HKD 21,734,000, compared to HKD 21,628,000 for the same period in 2023, showing a slight increase[38] - The company reported a net cash outflow from investing activities of HKD 8,163,000 for the six months ended June 30, 2024, compared to HKD 36,937,000 in the previous year, indicating a significant reduction in cash used for investments[40] Shareholder Information and Corporate Governance - The company has maintained high standards of corporate governance and complied with all applicable code provisions during the reporting period[114] - The company has a stock option plan that allows for the issuance of up to 40,000,000 shares, representing 10% of the issued shares at the time of listing[93] - The company confirms that the stock option plan complies with the listing rules[91] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[114] - The Audit Committee, composed of three independent non-executive directors, is responsible for reviewing the group's financial reporting procedures and risk management systems[115]

Revenue and Profit - Revenue for the six months ended June 30, 2024, was approximately HKD 1,291.1 million, an increase of 16.6% compared to the same period last year[1]. - Profit for the period was approximately HKD 25.8 million, reflecting an increase of 18.5% year-on-year[3]. - Gross profit increased by approximately 12.4% to about HKD 97.1 million[3]. - The cleaning business, as the core operation, recorded a revenue increase of 20.1% to approximately HKD 1,034.9 million, accounting for about 80.2% of total revenue[3]. - Waste management and recycling business revenue grew by approximately 7.4% to about HKD 147.3 million, representing about 11.4% of total revenue[3]. - The gross profit from waste management and recycling increased by approximately 60.7% to about HKD 19.2 million, driven by the "Plastic Recycling Pilot Program" and increased government contracts[3]. - The overall gross profit increased from approximately HKD 86.4 million to HKD 97.1 million, marking a 12.4% rise[14]. - Operating profit for the period was approximately HKD 37.2 million, compared to HKD 31.8 million in the previous year[31]. - Profit attributable to equity shareholders for the six months ended June 30, 2024, was approximately HKD 24.3 million, an increase of about 11.2% from HKD 21.8 million in 2023[20]. - The company’s total comprehensive income for the period was HKD 20,240,000, compared to HKD 21,734,000 in the previous year, reflecting a decrease of 6.9%[36]. Financial Position - The current ratio as of June 30, 2024, was approximately 1.3 times, up from 1.2 times as of December 31, 2023, indicating a healthy liquidity position[22]. - Total liabilities to total assets ratio was approximately 0.4 times as of June 30, 2024, down from 0.6 times as of December 31, 2023[23]. - The company employed 10,380 staff as of June 30, 2024, with total employee costs amounting to approximately HKD 1,057.3 million, compared to HKD 899.0 million for the same period in 2023[30]. - The company's total assets as of June 30, 2024, were HKD 977,372,000, a decrease from HKD 1,011,393,000 as of December 31, 2023[44]. - The total liabilities as of June 30, 2024, were HKD 600,047,000, compared to HKD 641,692,000 as of December 31, 2023[44]. - The net current assets increased to HKD 134,537,000 from HKD 108,038,000, an increase of 24.6%[34]. - The company's total liabilities decreased to HKD 534,263,000 from HKD 575,950,000, a reduction of 7.3%[34]. Cash Flow and Expenses - Cash generated from operating activities for the period was approximately HKD 145.8 million, compared to HKD 111.0 million in the first half of 2023, with available cash and bank balances increasing by approximately 84.3% to HKD 76.3 million[22]. - Financial costs for the same period were approximately HKD 5.7 million, up from HKD 5.3 million, accounting for about 0.4% and 0.5% of total revenue respectively, primarily due to increased bank borrowing rates[19]. - Administrative expenses for the six months ended June 30, 2024, were approximately HKD 61.5 million, an increase of about 8.8% compared to HKD 56.5 million for the same period in 2023, representing approximately 4.8% and 5.1% of total revenue respectively[18]. - The cash flow used in investing activities was HKD (8,163,000), significantly improved from HKD (36,937,000) in the previous year, indicating a reduction in cash outflow by 77.9%[37]. Market and Business Development - The group is expanding its smart recycling systems and plans to increase the market share of smart recycling machines and smart food waste recycling machines[4]. - A biochar factory in collaboration with Jardine Matheson has commenced trial operations, converting landscaping waste into high-quality biochar[4]. - The company plans to expand its market share and explore potential mergers and acquisitions to accelerate future growth[11]. - The government is promoting a new recycling initiative expected to significantly increase the recycling rates of plastic beverage containers and paper drink boxes, benefiting the company's recycling operations[10]. Shareholder Information - The company declared an interim dividend of HKD 0.034 per share for the six months ended June 30, 2024, down from HKD 0.038 per share in the same period of 2023, which is a decrease of about 10.5%[50]. - Basic and diluted earnings per share for the period were 5.85 HKD cents, up from 5.26 HKD cents in 2023[33]. - The basic earnings per share for the six months ended June 30, 2024, was HKD 0.0585, compared to HKD 0.0525 for the same period in 2023, reflecting a growth of around 11.4%[51].

Market Leadership and Growth - The company has become a market leader in Hong Kong's clean, circular recycling, waste management, green technology, pest control, and gardening sectors after 44 years of operation[7]. - The Hong Kong government aims to achieve carbon neutrality by 2050 and has set a mid-term target to reduce carbon emissions by 50% from 2005 levels by 2035, which will drive growth in recycling and green technology businesses[8]. - The "Northern Metropolis" development is projected to create approximately 500,000 new housing units and jobs, generating strong demand for the company's core services[12]. - The company is actively considering suitable mergers, joint ventures, or new business projects to strategically expand its market presence both locally and internationally[13]. - The company is a leader in the food waste collection market, providing services in Kowloon and New Territories West, contributing to its growth in the recycling sector[19]. Financial Performance - The company's revenue for the year was approximately HKD 2,327.5 million, an increase of about 29.8% compared to HKD 1,793.1 million in 2022[24]. - The cleaning segment generated revenue of HKD 1,827.3 million, accounting for 78.5% of total revenue, with a year-on-year growth of 37.3%[26]. - The waste management and recycling segment reported revenue of HKD 278.9 million, representing 12.0% of total revenue, with a growth of 14.7%[26]. - The gross profit increased by approximately 36.5% to about HKD 206.1 million, with a gross profit margin of 8.9%, up 0.5 percentage points from 8.4% in 2022[24]. - The group secured new contracts worth approximately HKD 3.1 billion in 2023, increasing the total contract value on hand from HKD 3.59 billion at the end of 2022 to approximately HKD 4.43 billion, representing a growth of about 23.3%[40]. Operational Efficiency and Technology - The implementation of the "Waste Charging" policy on August 1, 2024, is expected to significantly enhance the quality and quantity of recyclables, providing growth momentum for the company's recycling and green technology operations[9]. - The company has introduced various digital and automated technology solutions, enhancing management capabilities and operational efficiency, with green technology products becoming a key growth engine[11]. - The company has secured contracts for smart recycling machines and a big data analysis platform, enhancing its green technology business[21]. Dividends and Shareholder Returns - The company proposed a final dividend of HKD 0.034 per share, totaling HKD 14.11 million, down from HKD 15.77 million in 2022[25]. - The board aims to provide returns to shareholders while maintaining adequate reserves for future development[92]. - The company’s financial performance and overall financial condition will be considered when recommending or declaring dividends[94]. Corporate Governance and Management - The company emphasizes the importance of compliance and risk management in its operations, reflecting a commitment to corporate governance[80]. - The company has a strong focus on strategic human resource management, as evidenced by the qualifications of its HR manager[82]. - The board includes members with extensive academic and professional backgrounds, enhancing the company's strategic direction[73]. - The company has maintained compliance with the corporate governance code throughout the year[157]. - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced governance structure[170]. Sustainability and Social Responsibility - The company emphasizes sustainable development as a key component of its business operations, planning to publish an independent sustainability report in April 2024[90]. - The company is committed to sustainable development and innovation in its operations[78]. - The group received multiple awards in 2023, recognizing its commitment to sustainability and excellence in service[34]. Employee and Workforce Development - As of December 31, 2023, the group employed 10,229 staff, an increase from 8,894 staff in 2022, reflecting a growth of approximately 15%[65]. - The company emphasizes fair, open, and just principles in all employment practices, promoting equal opportunities[184]. - The remuneration policy aims to provide competitive market-level salaries to attract and retain talented employees, based on individual performance and company profitability[189]. Challenges and Market Conditions - The pest management market faces challenges due to high service level demands and intense competition, impacting new contract bidding outcomes[29]. - The group's administrative expenses increased by approximately 27.6% to HKD 128.7 million, accounting for about 5.5% of total revenue[51]. - The group’s net profit attributable to equity shareholders decreased by approximately 12.3% to HKD 47.1 million from HKD 53.7 million in the previous year[53].