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]

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 ...