Financial Performance - Revenue for the year ended December 31, 2024, was MOP 92,052,000, a decrease of 28.3% compared to MOP 128,283,000 for the year ended December 31, 2023[3] - Gross profit for the year was MOP 7,221,000, slightly down from MOP 7,384,000 in the previous year, indicating a gross margin of approximately 7.8%[3] - The net loss for the year was MOP 2,490,000, improving from a net loss of MOP 3,759,000 in the previous year, representing a reduction of 33.8%[4] - The total cash and cash equivalents at year-end were MOP 141,603,000, compared to MOP 141,799,000 in the previous year, showing a slight decrease[3] - The total equity as of December 31, 2024, was MOP 202,957,000, down from MOP 205,447,000 in 2023, reflecting a decrease of 1.2%[6] - The total value of uncompleted contracts was MOP 63,024,000, down from MOP 71,445,000 in the previous year, indicating a decrease of 11.7%[3] - Other income increased to MOP 5,092,000 from MOP 3,805,000, representing a growth of 33.8% year-over-year[4] - The company’s administrative expenses were MOP 14,038,000, slightly reduced from MOP 14,861,000 in the previous year, indicating cost control efforts[4] - The basic loss per share for 2024 is reported at MOP (3,759,000) compared to MOP (2,490,000) for 2023, indicating an increase in loss[25] - The group recorded a gross profit of 7.2 million MOP for the year, a decrease of 2.2% compared to 7.4 million MOP in 2023, primarily due to a reduction in the number of standard projects and contract amounts[59] Liquidity and Financial Position - The company reported a liquidity ratio of 8.5 times for the year 2024, compared to 5.3 times in 2023, indicating improved liquidity[3] - The group maintained a stable cash position with total bank balances of 141.6 million MOP as of December 31, 2024, compared to 141.8 million MOP in 2023[70] - The group's cash level as of December 31, 2024, was high, with net current assets of 177.6 million MOP, slightly down from 179.6 million MOP in 2023[69] - The current ratio improved to 8.5 times as of December 31, 2024, compared to 5.3 times in 2023, indicating better liquidity management[69] Market and Operational Strategy - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming fiscal year[3] - The company is focused on expanding its overseas market presence to achieve business diversification and stability[48] - The company plans to continue optimizing operations and enhancing efficiency to promote stable business growth and capitalize on opportunities arising from public housing projects and new government measures[48] - The company managed 25 projects in 2024, with 19 from the private sector and 6 from the public sector, actively bidding for new projects to maintain revenue growth and business stability[55] - The company achieved a significant contract worth 26.5 million MOP for a major CCTV project in a Sri Lankan casino, marking a successful expansion into overseas markets[55] Economic Context - The Macau economy grew by 8.8% in 2024, driven by a recovery in the gaming and tourism sectors, with gaming revenue increasing by 23.9% and visitor numbers rising by 23.8%[45] - The Macau economy is projected to grow at a rate of 7.7% by 2025, despite global economic uncertainties and local economic slowdowns[48] - The demand for electromechanical engineering services is expected to increase as the maintenance and repair needs of the entertainment and hotel sectors grow[51] Corporate Governance and Compliance - The company has adhered to good corporate governance principles and complied with the Hong Kong Stock Exchange listing rules, except for a deviation regarding the separation of the roles of Chairman and CEO[86] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the consolidated financial statements for the year[90] Future Outlook - The group is optimistic about future growth due to signs of recovery in major markets and support from the central government[79] - The group has secured 16 projects expected to generate revenue in 2025, indicating a strong business foundation[80] - The group has received numerous tender invitations from the Macanese government and various sectors for projects in 2025, presenting opportunities for expansion[80] Employee and Organizational Changes - The group has 49 employees in Macao as of December 31, 2024, down from 65 in 2023, including 30 residents and 19 non-residents[77] - The company simplified its organizational structure to ensure effective allocation and utilization of resources[46] Dividend Policy - The company did not declare or recommend any dividends for the year 2024, maintaining a focus on financial stability[43] - The group does not recommend a final dividend for the current year, maintaining a zero dividend per share[83]

MACAU E&M HOLDING LIMITED Macau E&M Holding Limited 濠江機電控股有限公司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號 : 1408 Interim Report 中期報告２０２４ CONTENTS目錄 02 Corporate Information 公司資料 06 Management Discussion and Analysis 管理層討論及分析 12 Corporate Governance and Other Information 企業管治及其他資料 21 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 簡明綜合損益及其他全面收益表 22 Condensed Consolidated Statement of Financial Position 簡明綜合財務狀況表 23 Condensed ...

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of MOP 57,149,000, a decrease of 16.1% compared to MOP 68,120,000 for the same period in 2023[1] - The gross profit for the same period was MOP 2,697,000, down from MOP 1,788,000 in 2023, indicating a significant decline in profitability[1] - The company recorded a loss before tax of MOP 4,250,000, compared to a loss of MOP 5,368,000 in the previous year, showing an improvement in loss reduction[1] - The company’s loss per share for the period was MOP 0.85, an improvement from MOP 1.07 in the same period last year[1] - The group recorded a net loss of approximately 4.3 million MOP for the period, compared to a net loss of about 5.4 million MOP in the same period of 2023, mainly due to tightened cost management[41] Assets and Liabilities - Total assets as of June 30, 2024, were MOP 208,045,000, a decrease from MOP 221,446,000 as of December 31, 2023[2] - Current liabilities increased to MOP 32,404,000 from MOP 41,846,000, reflecting a reduction in short-term financial obligations[2] - The company's net asset value decreased to MOP 201,197,000 from MOP 205,447,000, indicating a decline in overall equity[2] - The company’s cash and cash equivalents were reported at MOP 85,126,000, a significant increase from MOP 27,025,000 at the end of 2023[2] - The group had total borrowings of approximately 12.6 million MOP as of June 30, 2024, slightly down from 12.8 million MOP as of December 31, 2023[42] Cash Flow and Receivables - The company reported a net cash flow from operating activities of (13,690) thousand AUD for the six months ended June 30, 2024, compared to 6,436 thousand AUD for the same period in 2023, indicating a significant decline[5] - The company experienced a cash decrease of 69,947 thousand AUD during the period, resulting in a cash balance of 44,785 thousand AUD at the end of June 2024[5] - The company reported trade receivables from customer contracts, net of credit loss provisions, increased to 37,971,000 AUD as of June 30, 2024, compared to 27,805,000 AUD as of December 31, 2023, reflecting a growth of approximately 36.7%[24] - The total trade receivables balance as of June 30, 2024, was approximately 26,398,000 AUD, up from 9,605,000 AUD as of December 31, 2023, indicating a substantial increase in overdue amounts[25] Revenue Breakdown - Revenue from electromechanical engineering decreased to 55,970 thousand AUD, down 15.5% from 66,347 thousand AUD in the previous year[10] - Maintenance and repair service revenue also declined to 1,179 thousand AUD, a decrease of 33.5% from 1,773 thousand AUD in the prior year[10] - The total revenue for the six months ended June 30, 2024, was 57,149 thousand AUD, down 16.1% from 68,120 thousand AUD in the same period of 2023[10] Other Income and Expenses - Bank interest income for the six months ended June 30, 2024, was AUD 2,631,000, an increase of 53.2% compared to AUD 1,719,000 for the same period in 2023[11] - Total other income for the six months ended June 30, 2024, was AUD 2,697,000, up from AUD 1,788,000 in 2023, representing a growth of 50.8%[11] - Total employee costs for the six months ended June 30, 2024, amounted to AUD 12,267,000, an increase of 8.9% from AUD 11,261,000 in 2023[14] - Administrative expenses increased by approximately 0.1 million MOP or 2.0%, primarily due to higher employee costs during the period[40] Strategic Outlook - The company plans to continue focusing on cost management and operational efficiency to improve financial performance in the upcoming periods[1] - The group has a cautious optimistic outlook for the near future, anticipating stable growth in Macau's GDP due to the recovery of the tourism industry[49] - The group aims to continue pursuing new projects flexibly and prudently to maintain stable operations and solidify its position as a leading enterprise in Macau's electromechanical sector[49] Dividends and Shareholder Information - No interim dividend was declared for the six months ended June 30, 2024, consistent with the previous year[16] - The total issued and fully paid ordinary shares remained at 500,000,000 shares with a par value of 0.01 HKD as of June 30, 2024, unchanged from December 31, 2023[30] - The company has decided not to declare an interim dividend for the six months ending June 30, 2024, compared to no dividend for the same period ending June 30, 2023[53] Governance and Compliance - The Audit Committee consists of three members, all independent non-executive directors, ensuring effective oversight of financial reporting and risk management[54] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period and holds no treasury shares as of June 30, 2024[53]

Financial Performance - The company recorded total revenue of MOP 128.3 million for the year ended December 31, 2023, reflecting a slowdown in business activities compared to the last three years[10]. - The Group recorded total revenue of MOP128.3 million for the Year, representing a year-on-year decrease of 10.3% from MOP143.0 million in 2022[22]. - Gross profit decreased to MOP7.4 million, down 70.6% from MOP25.1 million in 2022, with a gross profit margin of 5.8% compared to 17.5% in the previous year[34]. - The net loss for the Year was MOP3.8 million, a turnaround from a net profit of MOP9.3 million in 2022, resulting in a net loss margin of 2.9%[22]. - The decrease in revenue was primarily attributed to fewer awarded projects and significantly narrower profit margins compared to FY2022[30]. Market Outlook - The company is optimistic about the outlook for Macau's economy, with the University of Macau predicting GDP growth of between 8.3% and 21% in 2024[12]. - The Group anticipates a significant market rebound around mid to late 2024, driven by the reopening of borders with Mainland China and renewed casino licenses[69]. - The Group has received more tender invitations from casinos, hotels, and resorts for projects in the second half of 2024, indicating a positive outlook for future revenue[73]. Operational Efficiency - Significant progress has been made in optimizing internal operations, achieving greater efficiencies and cost savings[12]. - The Group maintained its existing workforce without any staff redundancies during the Year despite the financial challenges faced[34]. - The Group continues to submit tenders for new projects to sustain revenue growth and promote business stability[23]. ESG Commitment - The Group's ESG report covers its material performance from January 1, 2023, to December 31, 2023, focusing on electrical and mechanical engineering works, which account for all total revenue[80]. - The Group aims to integrate ESG considerations into its strategic development, reflecting its commitment to responsible corporate citizenship[87]. - The Group has implemented robust internal control measures to ensure compliance with all relevant laws and regulations[101]. Employee Welfare and Development - The Group emphasizes the importance of safeguarding employees' rights and nurturing talent for long-term growth and sustainable development[141]. - A competitive remuneration package is offered, including base salary, bonuses, allowances, and various employee benefits such as training allowances and medical benefits[143]. - The Group is committed to talent development, providing numerous on-the-job training opportunities aligned with business needs[157]. Safety and Health Practices - The Group prioritizes the safety of subcontractors' workers, requiring them to obtain the Occupational Health and Safety Card before starting their tasks[135]. - The Group aims to eliminate work-related injuries and is dedicated to continually improving occupational health and safety practices[132]. - During the reporting period, no work-related injuries occurred, and there were no work-related fatalities recorded in the past three reporting years[136]. Environmental Responsibility - The company is actively transitioning to low-carbon practices as part of its commitment to environmental responsibility[198]. - The Group plans to set directional and forward-looking environmental targets, including emissions reductions and improvements in energy and water efficiency[194]. - The company encourages the use of teleconferencing and videoconferencing to limit unnecessary business travel[200].

Financial Performance - Total revenue for the year ended December 31, 2023, was MOP 128,283,000, a decrease of 10.3% compared to MOP 143,046,000 in 2022[3] - Gross profit for the same period was MOP 7,384,000, down from MOP 25,078,000 in 2022, reflecting a significant decline[3] - The company reported a net loss of MOP 3,759,000 for the year, compared to a profit of MOP 9,312,000 in the previous year[4] - Basic loss per share was MOP (0.75), compared to earnings of MOP 1.86 per share in 2022[4] - The liquidity ratio decreased to 5.3 times from 6.9 times in the previous year, indicating a tighter liquidity position[3] - The company's total equity decreased to MOP 205,447,000 from MOP 214,776,000 in 2022, reflecting a decline in shareholder value[6] - The group recorded total revenue of 128.3 million MOP, a decrease of 10.3% compared to 143.0 million MOP in 2022[58] - Gross profit was 7.4 million MOP, down 70.6% from 25.1 million MOP in 2022, with a gross margin of 5.8% compared to 17.5% in the previous year[61] - The group reported a net loss of 3.8 million MOP, a significant decline from a net profit of 9.3 million MOP in 2022[67] Cash and Liquidity - Total cash and cash equivalents increased to MOP 114,732,000 from MOP 19,727,000 in 2022, indicating improved liquidity[6] - Cash and bank balances at the end of the year amounted to 141.8 million MOP, with net current assets valued at 179.6 million MOP[57] - As of December 31, 2023, the group's net current assets amounted to 179.6 million MOP, a decrease from 189.6 million MOP in 2022[68] - The group's bank balance totaled 141.8 million MOP as of December 31, 2023, compared to 119.8 million MOP in 2022, indicating a year-over-year increase of approximately 18.6%[69] - The group maintains a cautious approach to cash management, with a total credit financing amount of 98.8 million MOP as of December 31, 2023, slightly up from 98.0 million MOP in 2022[73] Revenue Sources - The group's revenue from mechanical engineering and maintenance services for 2023 was MOP 128,283,000, a decrease of 10.3% compared to MOP 143,046,000 in 2022[23] - The revenue from construction contracts was MOP 124,738,000 in 2023, down from MOP 139,573,000 in 2022, indicating a decline of 10.6%[23] - The group has a single operating segment and does not provide further detailed financial information or analysis for this segment[22] - The group’s revenue is derived from customer contracts, with specific revenue recognition points established[23] Expenses and Cost Management - Administrative expenses decreased to MOP 14,861,000 from MOP 16,077,000, indicating cost control efforts[4] - The company recorded a significant increase in construction costs, rising to 19,515 thousand MOP in 2023 from 12,167 thousand MOP in 2022, an increase of about 60.5%[47] - The group faced significant pressure from payroll expenses, as there were no layoffs during the year, leading to a heavy employee cost burden[58] Contract Assets and Liabilities - The total value of uncompleted contracts was MOP 71,445,000, down from MOP 165,483,000 in the previous year, suggesting a reduction in future revenue potential[3] - Contract assets increased from 41,961 thousand Macanese Patacas in 2022 to 49,294 thousand Macanese Patacas in 2023, reflecting a growth of approximately 17.5%[29] - The company’s contract assets include unbilled revenue for completed engineering work, contingent upon customer satisfaction and milestone achievements[33] - The contract liabilities related to electromechanical engineering amounted to 2,310,000 MOP in 2023, compared to zero in 2022, indicating the establishment of new liabilities[41] Market Outlook and Business Strategy - The company anticipates an optimistic outlook for the local economy, with a projected growth of 8.3% to 21% in Macau's GDP for 2024[51] - The company plans to expand into new business areas, focusing on public housing projects and government initiatives[51] - The group has received more tender invitations from the entertainment sector, hotels, and resorts, which are expected to generate revenue in the second half of 2024[79] - The group anticipates a significant market rebound around mid to late 2024, driven by the reopening of borders and the renewal of entertainment licenses[77] Corporate Governance and Compliance - The company has adopted good corporate governance principles and has complied with the corporate governance code as of December 31, 2023[84] - The audit committee, consisting of three independent non-executive directors, has reviewed the consolidated financial statements for the year[88] - The proposed amendments aim to update the existing organizational bylaws to align with the latest regulatory requirements effective from December 31, 2023, regarding electronic communication with shareholders[95] Shareholder Information - The company did not declare a final dividend for the year ending December 31, 2023, maintaining a total of 5,570,000 MOP for the previous year[48] - The group has not proposed a final dividend for the current year, compared to a dividend of 1.08 HKD per share in 2022[80] - The annual general meeting is scheduled for May 24, 2024, with shareholder registration suspended from May 17 to May 24, 2024[81]

Financial Performance - Revenue for the six months ended June 30, 2023, amounted to approximately MOP 68.1 million[14] - Gross profit for the same period was approximately MOP 115,000, resulting in a gross profit margin of 0.2%[14] - The Group's revenue for the Period decreased by MOP19.1 million or 21.9% compared to the corresponding period in 2022, primarily due to sluggish demand for E&M engineering services in Macau[19] - The gross profit margin fell from 18.1% for the six months ended 30 June 2022 to 0.2% for the Period, with gross profit decreasing from approximately MOP15.8 million to approximately MOP0.1 million[20] - The Group recorded a net loss of approximately MOP5.4 million for the Period, compared to a net profit of approximately MOP8.4 million for the same period in 2022[29] - The company reported a loss before tax of MOP 5,354,000, compared to a profit of MOP 9,641,000 in the prior year[111] - Total comprehensive loss for the period was MOP 5,368,000, compared to a profit of MOP 8,401,000 in the same period last year[111] - Earnings per share for the period were a loss of 1.07 MOP cents, down from earnings of 1.68 MOP cents in the previous year[111] Financial Position - As of June 30, 2023, the Group had bank balances of approximately MOP 118.2 million and net current assets of approximately MOP 177.6 million[15] - As of 30 June 2023, the Group had net current assets of approximately MOP177.6 million, with a current ratio of 6.0 times[31] - The Group's bank balances, including short-term bank deposits and pledged bank deposits, were approximately MOP118.2 million as of 30 June 2023[31] - The Group had bank mortgage borrowing of approximately MOP13.1 million as of 30 June 2023, with a gearing ratio of 6.4%[37] - The Group's debt-to-equity ratio was 6.4% as of June 30, 2023, compared to 6.2% as of December 31, 2022[43] - Total assets amounted to MOP 252,148,000, a slight decrease from MOP 259,872,000 as of December 31, 2022[113] - Total equity decreased to MOP 203,838,000 as of June 30, 2023, from MOP 214,776,000 at the beginning of the year[113] Operational Highlights - The Group maintained 25 ongoing projects, with 14 related to the public sector as of June 30, 2023[13] - The Group did not experience any work suspensions or project delays in the first half of 2023[13] - The Group continued to actively submit new project tenders to ensure stable operations and stimulate revenue growth[13] - The demand for repair and maintenance services is expected to increase due to the strategies of casino and hotel operators in Macau[10] - The Group expects the performance of the industry to gradually recover in the fourth quarter of 2023 due to the reopening of Macau's borders and the renewal of casino licenses for another 10 years[54] - The Group anticipates new hotel and casino projects as well as refurbishment projects to be launched in Macau, with the tendering process expected to begin in the fourth quarter of 2023[56] Staffing and Corporate Governance - The Group's commitment to preserving its current size resulted in no staff redundancies during the first half of 2023[15] - The Group currently has 65 employees in Macau, an increase from 61 employees as of December 31, 2022[49] - The Group has not granted any share options under its Share Option Scheme since its adoption on August 21, 2020[50] - The company is committed to maintaining good corporate governance standards to protect shareholder interests and enhance corporate value[65] - The company has complied with the corporate governance code, except for the specific deviation mentioned regarding the roles of Chairman and CEO[65] Cash Flow and Dividends - The company paid dividends totaling MOP 5,570,000 during the first half of 2023, a significant reduction from MOP 30,946,000 in the same period of 2022[116] - The company did not declare any interim dividend for the six months ended June 30, 2023, consistent with the previous year[82] - The company has not proposed any dividends for the six months ended June 30, 2023, compared to no dividends proposed in the same period last year[164] Contract Assets and Receivables - Contract assets increased significantly to MOP 61,193,000 as of June 30, 2023, compared to MOP 41,907,000 at the end of 2022, indicating growth in project commitments[113] - The allowance for credit losses for contract assets rose to MOP 166,000, compared to MOP 54,000 at the end of 2022[169] - Trade receivables decreased significantly to MOP 17,886,000 from MOP 40,935,000, a decline of 56.4%[188] - The overdue balances included approximately MOP 1,066,000 that have been overdue for more than 90 days, compared to MOP 100,000 as of December 31, 2022, indicating a significant increase in long-term overdue receivables[192] Interest Rates and Bank Deposits - Pledged bank deposits as of June 30, 2023, carried interest rates between 2.0% and 3.3% per annum, with an original maturity of 6 months[195] - Short-term bank deposits had interest rates ranging from 3.4% to 4.2% per annum as of June 30, 2023, compared to 1.1% to 4.1% as of December 31, 2022, reflecting an increase in interest rates[196] - Bank balances carried a prevailing market interest rate of 0.01% per annum, unchanged from December 31, 2022[197]

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。 Macau E&M Holding Limited 濠 江 機 電 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1408） 截 至2023年6月30日 止 六 個 月 未 經 審 核 中 期 業 績 公 告 中期業績 濠江機電控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本 公司及其附屬公司（統稱「本集團」）截至2023年6月30日止六個月（「本期間」） 之未經審核綜合中期業績連同2022年同期比較數字如下： 簡明綜合損益及其他全面收益表 截至2023年6月30日止六個月 截至下列日期止六個月 2023年 2022年 6月30日 6月30日 附註 千澳門元 千澳門元 （未經審核）（未經審核） 收益 3 68,120 87,236 ...

Financial Performance - Revenue for the year totaled MOP 143.0 million, impacted by the COVID-19 pandemic[11] - The Group recorded total revenue of MOP143.0 million for the year, representing a year-on-year decrease of 22.5% from MOP184.5 million in 2021[24] - Gross profit was MOP25.1 million with a gross profit margin of 17.5%, down from MOP43.4 million and 23.5% in 2021[24] - Net profit decreased to MOP9.3 million, resulting in a net profit margin of 6.5%, compared to MOP26.2 million and 14.2% in 2021[24] - The Group's profit for the year decreased by MOP 16.9 million or 64.5%, primarily due to the combined effects of reduced revenue and increased costs[45][49] Economic Outlook - The Macau economy is projected to expand by 20.5% to 44.1% in 2023, with government revenue estimated between MOP 55 billion and MOP 66.1 billion[16] - Gaming sector revenue increased by 82.5% year-on-year to MOP 11.6 billion in January 2023, marking the highest monthly revenue since January 2020[16] - The Macau economy is projected to grow by 20.5% in 2023, with government revenue expected to reach between MOP55 billion and MOP66.1 billion[18] Business Strategy and Operations - The company continued to win new electrical and mechanical contracts, with future value expected to be reflected soon[11] - The company has reinforced ties with vendors, business partners, customers, and the Macau SAR Government[11] - Internal operations have been optimized, leading to greater efficiencies and cost savings[11] - Plans are in place for the company to expand into new sectors to facilitate further development[16] - The Group aims to enhance its operations and expand into new areas to lead in the recovery of the E&M industry in Macau[18] Workforce and Employment - The company maintained its workforce without redundancies in 2022, reflecting its commitment to corporate social responsibility[12] - The Group had 61 employees in Macau as of December 31, 2022, an increase from 59 in 2021, comprising 42 Macau residents and 19 non-residents[70] - The Group's commitment to employee training and promotion opportunities aims to boost employees' sense of belonging and achievement[115] Environmental, Social, and Governance (ESG) Initiatives - The Group's ESG Report focuses on the performance of electromechanical engineering and management services, with an emphasis on environmental KPIs limited to operations in Macau[87] - The Group aims to enhance its ESG risk management framework with the assistance of external consulting agencies in the future[93] - The Group's commitment to sustainability includes regular reviews of ESG-related strategies and targets by the Board[93] - The Group has identified key stakeholder groups and actively engaged them through various communication channels, collecting a total of 55 valid responses regarding ESG-related issues[106] Compliance and Risk Management - The Group emphasizes the importance of regulatory compliance to avoid penalties and ensure smooth business operations[97] - There were no violations of relevant laws and regulations that significantly impacted the Group during the reporting period[99] - The Group's compliance status indicates no significant issues with employment-related laws during the reporting period[99] Training and Development - The Group provided an average of 25.44 hours of training per trained employee during the reporting period[137] - The Group organized a series of training programs tailored to different departments and positions, including orientation training for newly recruited employees[136] - The total percentage of employees trained decreased to 14.8% in 2022 from 62.7% in 2021[197] Sustainability and Environmental Impact - Total GHG emissions for the reporting period amounted to 32.04 tonnes, a decrease of approximately 2.0% from 32.69 tonnes in 2021[170] - The Group has implemented energy efficiency measures, waste management strategies, and pollution prevention plans to meet sustainability goals[159] - The Group aims to strengthen its internal environmental management system to further reduce the environmental impact of its operations[189] Customer Relations - The Group received no customer complaints during the reporting period, indicating a positive customer experience[149] - The Group emphasizes continuous improvement in construction quality to enhance customer confidence and build long-term partnerships[139]

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。 Macau E&M Holding Limited 濠 江 機 電 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1408） 截 至2022年12月31日 止 年 度 全 年 業 績 公 告 濠江機電控股有限公司（「濠江機電」或「本公司」）董事（「董事」）會（「董事會」） 謹 此 宣 佈 本 公 司 及 其 附 屬 公 司（統 稱「本 集 團」）截 至2022年12月31日 止 年 度（「本年度」或「報告期」）之經審核綜合業績連同截至2021年12月31日止年 度（「2021財政年度」）之可比較業績如下： 財務摘要 （除另有指明外，以千澳門元（「澳門元」）列賬） 2022年 2021年 千澳門元 千澳門元 （經審核） （經審核） 收益 143,046 184,496 ...

Financial Performance - The Group's revenue decreased by approximately 2.7% to MOP 87.2 million compared to the corresponding period in 2021[24] - Gross profit for the period was MOP 15.8 million, with a gross profit margin of 18.1%[24] - The Group's net profit for the period decreased by approximately MOP 12.4 million or 59.7% compared to the corresponding period in 2021, primarily due to the shrinking of the E&M industry in Macau and uncertainties related to gambling licensing renewal[33] - Profit before tax decreased to MOP 9,641, representing a decline of 58.9% compared to MOP 23,484 in the prior year[99] - Profit and total comprehensive income for the period was MOP 8,401, a decrease of 59.7% from MOP 20,842 in the same period last year[99] - Earnings per share for the period was 1.68 MOP cents, down 59.7% from 4.17 MOP cents in the previous year[99] Assets and Liabilities - As of June 30, 2022, the Group had bank balances of MOP 127.2 million and net current assets of approximately MOP 198.5 million[25] - The Group's total bank balances, including short-term bank deposits, amounted to MOP 127.2 million as of June 30, 2022, down from MOP 176.0 million as of December 31, 2021[33] - As of June 30, 2022, the Group had net current assets of MOP 198.5 million, down from MOP 221.2 million as of December 31, 2021, indicating a decrease in liquidity[33] - The current ratio of the Group as of June 30, 2022, was 6.2, compared to 6.8 as of December 31, 2021, reflecting a stable liquidity position despite the decrease in current assets[33] - Total equity as of June 30, 2022, was MOP 213,865, a decrease of 9.5% from MOP 236,410 at the end of 2021[102] Projects and Operations - The Group had a total of 14 projects on hand, consisting of seven public and seven private work-in-progress projects as of June 30, 2022[23] - Four new projects secured during the period had a total value of more than MOP 73.0 million[23] - The Group secured four new projects during the period, valued at over MOP 73.0 million, including two public and two private sector projects[26] - The Group is set to begin construction on three new projects awarded in the first half of 2022, including two from the Macau government and one from the private sector[43] Financial Strategy and Investments - The Group maintained a stable financial position by strictly controlling costs and resources, despite facing several headwinds[42] - The Group had no significant investments or material acquisitions or disposals during the period, maintaining a conservative investment strategy[35] - There are no future plans for material investments or capital assets as of June 30, 2022, indicating a cautious approach to expansion[35] - The Group committed to acquire office premises and a car parking space for HK$33.0 million (equivalent to MOP34.0 million) on July 1, 2022[37] Corporate Governance - The Group's corporate governance practices comply with all code provisions except for the separation of the roles of chairman and CEO, which are held by the same individual[50] - The company maintains good corporate governance practices, ensuring shareholder interests and enhancing corporate value[52] - The company has adopted the standard code for directors' securities transactions, ensuring adherence to regulations[53] - The report indicates that the Board comprises both executive and independent non-executive Directors as of the report date[92] Employee and Operational Metrics - The Group had 59 employees in Macau as of June 30, 2022, unchanged from December 31, 2021[37] - Total staff costs increased to MOP 10,809,000 in the first half of 2022, up from MOP 10,098,000 in the same period of 2021, representing a rise of about 7.0%[159] Taxation and Compliance - The Group's income tax expense related to continuing operations was MOP 1,240,000 for the six months ended June 30, 2022, down from MOP 2,642,000 in 2021, indicating a decrease of approximately 53.0%[155] - The Group's Macau Complementary Tax is applied at a rate of 12% on assessable income exceeding MOP 600,000 for both periods[155] - The Group's remaining assessable profits above HK$2 million will continue to be subject to a tax rate of 16.5% under the new two-tiered profit tax system[152] Cash Flow and Financial Activities - Net cash used in operating activities for the period was MOP 18,002, compared to MOP 12,874 in the same period of 2021[111] - Net cash from investing activities was MOP 81,532, a significant increase compared to a net cash outflow of MOP 21,771 in the previous year[111] - The net cash used in financing activities was MOP 31,505,000 for the six months ended June 30, 2022, compared to MOP 549,000 in the same period of 2021[134] - Cash and cash equivalents at the end of the period increased to MOP 81,660,000 from MOP 55,638,000, representing a growth of 46.73%[134] Shareholding and Dividends - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2022, consistent with the previous year[66] - The company has not granted any share options under its Share Option Scheme since its adoption on August 21, 2020[37] - Major shareholders include Ms. Lo Chao leng and Mr. Tam Chi Wai, each holding 39.7% and 15.5% respectively[62] - The weighted average number of ordinary shares for calculating basic and diluted earnings per share remained constant at 500,000 shares for both periods[185]