Financial Performance - The Group's revenue for the year decreased by approximately 33.3% to MOP 184.5 million[22] - The Group recorded revenue of MOP184.5 million for the year, representing a year-on-year decrease of 33.3% from MOP276.8 million in 2020[61] - Gross profit for the year was MOP43.4 million, with a gross profit margin of 23.5%[37] - The Group recorded a gross profit of MOP43.4 million for the Year, representing a year-on-year decrease of 27.4% from MOP59.8 million in 2020[85][86] - The gross profit margin increased to 23.5% for the Year, up from 21.6% in FY 2020, reflecting a 1.9 percentage point increase[87][88] - Other income rose by MOP0.3 million to MOP1.3 million, primarily due to interest income from bank time deposits[89][90] - Administrative expenses decreased by MOP0.3 million to MOP15.6 million, attributed to cost savings from the absence of listing-related expenses[94] - Income tax expense decreased by MOP0.2 million or 7.3% to MOP2.9 million, mainly due to a decrease in profit before tax[94] - The Group's profit for the Year decreased by MOP0.5 million or 1.6%, with a significant impact from the absence of listing expenses recorded in the prior year[94] - Excluding listing expenses, the profit for the Year would have decreased by MOP15.6 million or 37.3% compared to FY 2020[94] - The net profit excluding listing expenses was MOP221.2 million for 2021, compared to MOP194.7 million in 2020, reflecting an increase of approximately 13.5%[96] Economic Impact - The global economic downturn and travel restrictions significantly impacted the Macau economy and the gaming and entertainment sector[21] - The ongoing COVID-19 pandemic has materially adversely impacted tourism and related industries in Macau, affecting infrastructure investments[61] - The total number of new projects from the private sector dropped due to the unstable economic situation during the pandemic[37] - The outlook for 2022 is expected to be full of uncertainties, with management remaining vigilant[24] - More than 70% of Macau's citizens were fully vaccinated by the end of 2021, indicating readiness for economic recovery[37] - The vaccination rate in Macau surpassed the required threshold much sooner than most cities globally, contributing to a potential economic recovery[116] Strategic Focus - Management remains cautiously optimistic about the future development of the Group and Macau's E&M industry[22] - The Company has focused on consolidating internal resources and enhancing capacity during the economic downturn[23] - Staff training has been prioritized to ensure the Group can navigate the recession effectively[23] - The Company aims to adhere to capital expenditure guidelines to position itself for new projects when recovery occurs[24] - The Group continues to submit new project tenders to maintain business stability and revenue growth[37] - The Group emphasizes stringent cost control and rationalization to navigate the sluggish state of the E&M industry in the coming financial year[116] Project and Investment Status - As of December 31, 2021, the Group had 23 projects on hand, including both public and private sector projects[37] - The Group successfully secured three large projects related to government housing, with a total value exceeding MOP88.2 million[37] - The Group's revenue recognition for some projects has been deferred to 2022 due to stringent cost control measures in government projects[37] - The Macau Government has commissioned numerous new construction projects, providing opportunities for the Group to tender for new projects in 2022 and beyond[117] - The Group had no significant investments or material acquisitions during the year, maintaining a conservative investment strategy[100] Financial Position - The Group maintained a healthy financial position with bank balances of MOP176.0 million and no bank borrowings as of December 31, 2021[37] - As of December 31, 2021, the Group's current ratio improved to 6.8 times, up from 4.9 times in 2020[96] - Total bank balances as of December 31, 2021, were MOP176.0 million, an increase from MOP153.5 million in 2020[96] - The Group maintained a nil gearing ratio as of December 31, 2021, indicating no outstanding loans or borrowings[99] - The net proceeds from the listing amounted to HK$51.6 million (approximately MOP53.1 million) after deducting related expenses[102] - The Board resolved to reallocate HK$6.3 million of unutilized net proceeds for specific material costs and upfront expenditures related to new projects awarded in the first half of 2021[102] - The Group had outstanding performance bonds of MOP6.7 million as of December 31, 2021, secured by pledged bank deposits of MOP1.9 million[109] - Total credit facilities obtained by the Group amounted to MOP149.6 million, significantly increased from MOP5.2 million in 2020[109] Employee and Operational Integrity - The Group's employee count in Macau decreased to 59 as of December 31, 2021, down from 73 in 2020, with 40 being Macau residents[111] - The Group has not faced any violations of health and safety-related laws and regulations during the Reporting Period, ensuring project schedules are not affected[156] - There were no violations of relevant laws and regulations regarding product responsibility that significantly impacted the Group during the Reporting Period[173] - The Group has not encountered any corruption lawsuits against itself or its employees during the Reporting Period, maintaining its operational integrity[177] - The Group identified occupational health and safety, anti-corruption, employment systems, training and development, child and forced labour, and product responsibility as the most important ESG issues in its business[188] Health and Safety Measures - The Group has established pandemic procedures and allocated resources to combat pandemics, ensuring timely communication[199] - Employees are required to wear masks and maintain social distancing to prevent the spread of pandemics[199] - A green health code is required to enter casino and government-related premises[199] - The Group has formulated the "Accident Handling Guide" to respond to construction safety accidents and reduce hazards[195] - The Engineering Department is responsible for training on-site workers in high-risk positions and ensuring the use of protective equipment[194] - The Group invests in creating a healthy, safe, fair, and positive work environment for employees[196] - The Group maintains a close working relationship with subcontractors to ensure a continuous safe working environment on projects[194] Dividends - The Board has recommended a final dividend of HK2.03 cents per share for the year ended December 31, 2021, compared to nil in 2020[121] - A special dividend of HK3.97 cents per share has also been proposed, which the Board believes will not materially impact the Group's financial position[121] - The payment of both dividends is subject to shareholder approval at the upcoming annual general meeting, with expected payment around June 24, 2022[121]

MACAU E&M HOLDING LIMITED JS 5I fl � � Im � PH 1} a'J Macau E&M Holding Limited ■tt■tmaw■�'il (Incorporated in the Cayman Islands with limited liability) ( JJ$-ffer.'J�!!UM±fffJftJtiz tt,; l'f lIB � tfJ J Stock Code /N{5H\:.5J!t: 1408 2021 INTERIM REPORT qlMffl'a- CONTENTS 目錄 02 Corporate Information 公司資料 06 Management Discussion and Analysis 管理層討論及分析 13 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 Co ...

Macau E&M Holding Limited 股份代號 : 1408 年 報 2020 濠江機電控股有限公司 （於開曼群島註冊成立的有限公司） 2 目錄 ANNUAL REPORT 2020 Macau E&M Holding Limited 1 | --- | --- | |--------------------------|-------| | | | | 公司資料 | 2 | | 主席報告 | 4 | | 管理層討論及分析 | 5 | | 環境、社會及管治報告 | 12 | | 企業管治及其他資料 | 31 | | 董事及高級管理層履歷詳情 | 42 | | 董事報告 | 46 | | 獨立核數師報告 | 56 | | 綜合損益及其他全面收益表 | 60 | | 綜合財務狀況表 | 61 | | 綜合權益變動表 | 62 | | 綜合現金流量表 | 63 | | 綜合財務報表附註 | 64 | | 財務資料概要 | 114 | 公司資料 | --- | --- | |----------------------------------------------------------------- ...

Interim Report 2020 中期報告 Macau E& M Holding Li mited 濠江機電控股有限公司 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 中期報告 2020 | --- | --- | |------------------------------|-------| | | | | 目錄 | | | 公司資料 | | | 管理層討論及分析 | | | 企業管治及其他資料 | | | 簡明綜合損益及其他全面收益表 | | | 簡明綜合財務狀況表 | | | 簡明綜合權益變動表 | | | 簡明綜合現金流量表 | | | 簡明綜合財務報表附註 | | 2 4 9 16 17 18 19 20 公司資料 | --- | --- | |-----------------------|----------------------------------------| | | | | 董事會 | 總部及澳門主要營業地點 | | 執行董事 | 澳門馬場海邊馬路 56-68 號 | | 張嘉和先生 （主席 ...