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之內容概不負責，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 容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 董事會會議通告 生興控股（國際）有限公司（「本公司」）之董事（「董事」）會（「董事會」）謹此宣佈， 本公司將於二零二四年十一月二十八日（星期四）舉行董事會會議，藉以（其中包括）考慮 及批准本公司及其附屬公司截至二零二四年九月三十日止六個月之綜合中期業績及其發佈， 以及考慮宣派中期股息（如有）。 承董事會命 生興控股（國際）有限公司 主席兼執行董事 賴偉 香港，二零二四年十一月十五日 於本公告日期，執行董事為賴偉先生及賴英華先生；及獨立非執行董事為梁以德教授、 何大東先生、曾詠翹女士及蔡浩仁先生。 Sang Hing Holdings (International) Limited 生 興 控 股（ 國 際 ）有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1472） ...

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之內容概不負責， 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 分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Sang Hing Holdings (International) Limited 生興控 股（國際 ）有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1472） 有關若干媒體報導的 澄清公告 本公告乃由生興控股（國際）有限公司（「本公司」，連同其附屬公司統稱「本集團」）董 事（「董事」）會（「董事會」）自願作出。 本公司得悉，二零二四年十月二十一日有一則視頻媒體報導（「該報導」），內容有關 屯門第38區（「第38區」）填料庫（「填料庫」）一名24歲工人於工作期間墮海失蹤（「該事 件」）。董事會獲悉，新聞主播播報該事件的同時，該報導內出現「屯門第38區臨時建 築廢物篩選分類設施」、「屯門38篩選」及「德寶－生興聯營」（「合營企業」）的標識，並 獲悉另一新聞平台有關該事件的報導正文內亦因而出現合營企業的名稱。 本公司謹此作出以下聲明及澄清： 1 1. 第38區被劃分為兩個不同的分區，即填料庫及篩選 ...

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之內容概不負責， 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 分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 截至二零二四年三月三十一日止年度之 全年業績公告 1 生興控股（國際）有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈本公司 及其附屬公司（統稱「本集團」）截至二零二四年三月三十一日止年度之經審核綜合業 績，連同截至二零二三年三月三十一日止年度的比較數字如下： 截至二零二四年三月三十一日止年度 2 | --- | --- | --- | --- | |-----------------------------------|-------|-----------------------|---------------------| | | 附註 | 二零二四年 \n千港元 | 二零二三年 \n千港元 | | | | | | | 非流動資產 | | | | | 物業、機器及設備 | | 11,122 | 17,513 | | 使用權資產 | | 1,813 | 2,548 | | 合約資產 | ...

Financial Performance - Revenue for the six months ended September 30, 2023, was approximately HKD 67.2 million, a decrease of 52.6% compared to HKD 141.9 million for the same period in 2022[9] - The company reported a loss attributable to owners of approximately HKD 6.9 million for the six months ended September 30, 2023, compared to a profit of HKD 2.4 million for the same period in 2022[11] - Gross profit margin for the six months ended September 30, 2023, was 2.0%, down from 8.4% in the same period of 2022[16] - Other income and net other gains or losses for the six months ended September 30, 2023, were approximately HKD 100,000, a decrease of 95.0% from HKD 2.1 million in 2022[16] - Employee costs for the six months ended September 30, 2023, were approximately HKD 23.1 million, down from HKD 34.2 million in the same period of 2022[35] - Operating loss for the six months was HKD 8,813,000, compared to an operating profit of HKD 2,868,000 in the previous year[64] - The net loss attributable to owners for the period was HKD 6,918,000, compared to a profit of HKD 2,356,000 in the same period last year[64] - Basic and diluted loss per share was HKD 0.69, compared to earnings of HKD 0.24 per share in the previous year[64] Revenue Sources - The company has ongoing projects with total revenue contributions, including W58, W59, and W60, amounting to HKD 57.7 million for the six months ended September 30, 2023[14] - The company experienced a significant decrease in revenue from projects W55 and W57, which were largely completed and in the maintenance phase during the reporting period[11] - Customer A contributed HKD 65,648,000 to the total revenue in the six months ended September 30, 2023, down from HKD 125,208,000 in the same period of 2022, representing a decline of 47.5%[93] - The company's revenue from civil engineering and related management services for the six months ended September 30, 2023, was HKD 67,191,000, a decrease of 52.7% compared to HKD 141,900,000 in the same period of 2022[88] Assets and Liabilities - Total assets as of September 30, 2023, were HKD 313,011,000, a decrease from HKD 336,172,000 as of March 31, 2023[66] - Current liabilities decreased to HKD 22,791,000 from HKD 45,842,000 as of March 31, 2023[66] - The company’s equity attributable to owners decreased to HKD 302,466,000 from HKD 309,384,000 as of March 31, 2023[69] - Trade receivables as of September 30, 2023, amounted to HKD 16,489,000, down from HKD 25,015,000 as of March 31, 2023, indicating a decrease of approximately 34.3%[108] - Contract assets decreased to HKD 88,060,000 as of September 30, 2023, from HKD 109,308,000 as of March 31, 2023, reflecting a decline of approximately 19.4%[111] - The company’s total liabilities decreased from HKD 38,225,000 to HKD 15,788,000, a reduction of approximately 58.7%[114] Cash Flow - The company reported a net cash outflow from operating activities of HKD 14,421,000 for the six months ended September 30, 2023, compared to HKD 26,560,000 in the same period of 2022[74] - The company reported a net decrease in cash and cash equivalents of HKD 13,536,000 for the six months ended September 30, 2023, compared to a net decrease of HKD 24,603,000 in the same period of 2022[88] - Cash and cash equivalents as of September 30, 2023, were HKD 41,613,000, down from HKD 55,149,000 at the end of the previous fiscal year[66] - The ending cash and cash equivalents balance as of September 30, 2023, was HKD 41,613,000, an increase of 44.3% from HKD 28,845,000 at the end of the same period in 2022[88] Corporate Governance and Compliance - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange rules for the six months ending September 30, 2023, with one exception regarding attendance at the annual general meeting[42] - The company has ensured that all directors confirmed compliance with the securities trading standards during the reporting period[43] - There were no significant changes in the performance, condition, or prospects of the company that were not communicated to the board during the reporting period[42] Dividends and Shareholder Information - No interim dividend was declared for the six months ending September 30, 2023, consistent with the previous year[49] - The company has maintained a 60% shareholding by its major shareholder, which is consistent with previous disclosures[56] Management and Employee Costs - The annual basic salary of the executive director and chairman was adjusted from HKD 1,200,000 to HKD 840,000, reflecting a 30% reduction[50] - The independent non-executive director's remuneration was adjusted from HKD 216,000 to HKD 180,000, a decrease of approximately 16.67%[50] - Total employee costs (excluding director remuneration) decreased to HKD 21,164,000 in 2023 from HKD 32,106,000 in 2022, representing a reduction of approximately 34.2%[7] - The company’s employee costs accrued decreased from HKD 4,647,000 to HKD 2,953,000, a decrease of about 36.4%[117] Investments and Acquisitions - The company plans to acquire additional machinery and equipment costing HKD 58.3 million, with HKD 3.6 million already utilized as of September 30, 2023[39] - The company has not made any significant acquisitions or disposals of subsidiaries, associates, or joint ventures in the six months ended September 30, 2023[30] Other Financial Information - The company did not recognize any government grants during the six months ended September 30, 2023, compared to HKD 2,716,000 in the same period of 2022[95] - The company incurred a loss of HKD 171,000 from the sale of financial assets measured at fair value through profit or loss during the six months ended September 30, 2023, compared to a loss of HKD 573,000 in the same period of 2022[95] - The interest expense for financing activities increased to HKD 72,000 in the six months ended September 30, 2023, from HKD 41,000 in the same period of 2022, marking a rise of 75.6%[96]

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之內容概不負責， 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 分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Sang Hing Holdings (International) Limited 生 興 控股（ 國 際）有 限 公 司 （於開曼群島註冊成立的有限公司） 1472 （股份代號： ） 截至二零二三年九月三十日止六個月 中期業績公告 財務摘要 截至九月三十日止六個月 二零二三年 二零二二年 減少 % 千港元 千港元 （未經審核） （未經審核） 67,191 141,900 52.6 收益 (6,380) 7,385 未計利息、稅項及折舊前溢利 不適用 ...

Financial Performance - The company's revenue for the fiscal year ended March 31, 2023, was approximately HKD 323.7 million, a decrease of 24.2% compared to HKD 427 million in the previous year[9]. - The loss attributable to shareholders for the fiscal year was approximately HKD 8.4 million, compared to a profit of HKD 12 million in the previous year[13]. - The company reported a basic and diluted loss per share of HKD 0.84, down from a profit of HKD 1.20 per share in the previous year[9]. - The gross profit margin for the year ended March 31, 2023, was 1.2%, down from 7.5% in 2022, primarily due to increased costs of fuel, raw materials, direct labor, and subcontracting[21]. - Other income and net gains for the year ended March 31, 2023, were approximately HKD 8.8 million, an increase of 1,231.5% from HKD 700,000 in 2022[21]. - Administrative and operating expenses for the year ended March 31, 2023, were approximately HKD 23 million, an increase of 17.9% from HKD 19.5 million in 2022[21]. - The company's distributable reserves amounted to approximately HKD 91.3 million, a decrease from HKD 95.9 million in 2022[61]. - The company did not recommend a final dividend for the year ended March 31, 2023, compared to no dividend in 2022[45]. Revenue Decline Factors - The decline in revenue was primarily due to the completion of two projects (W56 and W57) and the completion of two other projects (W49 and W52) in the previous fiscal year, leading to reduced civil engineering revenue[13]. - Increased costs due to labor and supply shortages, along with rising fuel, raw material, direct labor, and subcontracting costs, contributed to a decrease in gross profit margin[13]. Future Plans and Opportunities - The company plans to actively participate in government tender projects, particularly in civil engineering, to secure more project revenue[14]. - The company anticipates multiple infrastructure projects to be launched by the government in the northeastern New Territories of Hong Kong, especially in land leveling, road, and drainage works[14]. - The company aims to leverage its competitive advantages post-listing to pursue more projects and achieve revenue growth[16]. - The company will continue to seek various business opportunities within the construction industry to create greater value for shareholders[16]. Cost Control and Financial Management - The company emphasizes strict cost control measures to mitigate uncertainties arising from post-pandemic effects and international tensions[16]. - The group aims to mitigate the impact of global economic instability and rising costs through strict cost control measures[24]. Cash and Financing - The group had cash and cash equivalents of approximately HKD 55.1 million as of March 31, 2023, compared to HKD 53.4 million in 2022[25]. - The group's unutilized bank financing was approximately HKD 79 million as of March 31, 2023, compared to HKD 76.5 million in 2022[25]. - The capital debt ratio as of March 31, 2023, was approximately 0.7%, up from 0.3% in 2022[27]. - As of March 31, 2023, the group pledged approximately HKD 4,200,000 in bank deposits as collateral for bank financing, a decrease from HKD 6,600,000 in 2022[32]. Corporate Governance - The company has adopted measures to maintain high standards of corporate governance, recognizing its importance for performance, transparency, and accountability[119]. - The board consists of nine directors, including three executive directors, one non-executive director, and five independent non-executive directors[128]. - The company has established mechanisms for directors to seek independent professional advice to fulfill their responsibilities, with satisfactory execution of these mechanisms reviewed annually[132]. - The company has complied with all applicable provisions of the corporate governance code during the fiscal year ending March 31, 2023, with minor deviations noted[119]. - The board held four meetings and one annual general meeting during the fiscal year ending March 31, 2023, with all executive directors attending 100% of the board meetings[140]. Risk Management - The company has established a risk management and internal control system to address potential risks, including liquidity, fraud, financial reporting, operational, and compliance risks[169]. - The board of directors confirmed that there were no significant internal control failures identified during the review of the risk management and internal control system[169]. Employee and Management Structure - Employee costs for the year ended March 31, 2023, were approximately HKD 57,400,000, down from HKD 73,900,000 in 2022, with a total of 132 employees compared to 189 in the previous year[37]. - The executive team includes three brothers, all serving as executive directors, indicating a strong family influence in management[191]. - The company emphasizes the importance of experience in its leadership, with directors having extensive backgrounds in their respective fields[198]. Sustainability and Social Responsibility - The group established a sustainability committee to address major environmental, social, and governance issues impacting its business and stakeholders[54]. - The company is focused on sustainable development, with a dedicated committee chaired by a non-executive director[195]. Shareholder Relations - The company encourages shareholder participation in annual general meetings and regularly reviews the format to meet shareholder needs[187]. - The company’s communication policy ensures shareholders can access information regarding financial performance, strategic goals, and significant business developments[181].

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之內容概不負責， 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 分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Sang Hing Holdings (International) Limited 生 興 控股（ 國 際）有 限 公 司 （於開曼群島註冊成立的有限公司） 1472 （股份代號： ） 截至二零二三年三月三十一日止年度之 全年業績公告 財務摘要 二零二三年 二零二二年 減幅 % 千港元 千港元 323,721 426,960 24.2 收益 (80) 23,704 未計利息、稅項及折舊前溢利 不適用 (10,296) 13,224 除稅前（虧損）／溢利 不適用 (8,397) 11,975 ...

Financial Performance - The company's revenue for the six months ended September 30, 2022, was approximately HKD 140,464,000, a decrease of 11.0% compared to HKD 157,877,000 in the same period of 2021[25]. - The profit attributable to the owners of the company for the same period was approximately HKD 2,356,000, representing a decrease of 72.2% from HKD 8,467,000 in 2021[25]. - The gross profit margin for the six months ended September 30, 2022, was 7.5%, down from 12.2% in the previous year, primarily due to increased costs of fuel, raw materials, direct labor, and subcontracting[34]. - The company experienced a significant decrease in revenue from project W55, which generated HKD 23,176,000 compared to HKD 52,386,000 in the previous year[32]. - Operating profit decreased significantly to HKD 2,868 thousand from HKD 9,849 thousand, reflecting a decline of 70.12%[82]. - Profit before tax was HKD 2,827 thousand, a decrease of 71.24% compared to HKD 9,823 thousand in the previous year[82]. - Net profit for the period was HKD 2,356 thousand, down 72.14% from HKD 8,467 thousand in the same period last year[82]. - Basic and diluted earnings per share were HKD 0.24, a decrease of 70.59% from HKD 0.85 in the previous year[82]. Income and Expenses - Other income and net gains for the period were approximately HKD 3,700,000, an increase of 128.5% from HKD 1,600,000 in 2021, attributed to increased government and other subsidies[34]. - The administrative and operating expenses for the six months were approximately HKD 11,300,000, a slight increase of 2.3% from HKD 11,100,000 in the previous year[34]. - Employee costs for the six months ended September 30, 2022, were approximately HKD 32,700,000, down from HKD 35,500,000 in the same period of 2021[53]. - Financing costs for the six months ended September 30, 2022, amounted to HKD 41,000, an increase from HKD 26,000 in the same period of 2021[111]. - The estimated tax expense for the period was HKD 471,000, down from HKD 1,356,000 in the previous year, a decrease of 65.3%[116]. Assets and Liabilities - Total assets as of September 30, 2022, were HKD 332,232 thousand, a decrease from HKD 351,736 thousand as of March 31, 2022[84]. - Current liabilities decreased to HKD 31,256 thousand from HKD 57,288 thousand, indicating improved liquidity[84]. - The group has unutilized bank financing of approximately HKD 76,500,000 as of September 30, 2022, unchanged from March 31, 2022[39]. - Trade receivables increased to HKD 51,943,000 as of September 30, 2022, from HKD 35,658,000 as of March 31, 2022, reflecting a growth of 46%[122]. - Contract assets decreased to HKD 90,525,000 from HKD 160,647,000, indicating a decline of 43.5%[125]. - Trade payables as of September 30, 2022, amounted to HKD 17,580,000, a decrease of 36.2% from HKD 27,512,000 as of March 31, 2022[132]. - The aging analysis of trade payables shows that amounts overdue by more than 90 days decreased to HKD 5,865,000 from HKD 10,774,000, representing a 45.3% reduction[132]. Cash Flow - As of September 30, 2022, the group had cash and cash equivalents of approximately HKD 28,800,000, a decrease of about HKD 24,600,000 from HKD 53,400,000 on March 31, 2022[39]. - The company reported a net cash outflow from operating activities of HKD 26,436 thousand, compared to an outflow of HKD 21,281 thousand in the previous year[90]. - Cash and cash equivalents at the end of the period were HKD 28,845 thousand, down from HKD 53,730 thousand at the end of the previous year[92]. Corporate Governance and Shareholder Information - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange rules for the six months ending September 30, 2022, with the exception of one independent non-executive director's absence at the annual general meeting[61]. - No interim dividend was declared for the six months ending September 30, 2022, consistent with the previous year[65]. - The company has not purchased, sold, or redeemed any of its listed securities during the six months ending September 30, 2022[77]. - As of September 30, 2022, Mr. Lai Wei holds 600,000,000 shares, representing 60.0% of the company's issued ordinary shares[68]. - The major shareholder, Shihui, also holds 600,000,000 shares, equating to a 60.0% stake in the company[72]. - There have been no changes in the information of directors or senior management that require disclosure under the listing rules for the six months ending September 30, 2022[64]. Future Outlook and Strategy - The group plans to actively participate in government tender projects to achieve revenue growth, despite increasing competition and technical requirements[38]. - The group aims to enhance its bidding advantages and capabilities to secure more successful project bids[38]. - The group will continue to manage its cash reserves prudently to ensure readiness for future growth opportunities[43]. - The company has not encountered any liquidity issues in settling payables during normal business operations as of September 30, 2022[39]. - The company has no significant investments or future plans for major capital assets as of September 30, 2022[45].

Financial Performance - The company's revenue for the year ended March 31, 2022, was approximately HKD 427 million, an increase of 9.4% compared to HKD 390 million in the previous year[12]. - The profit attributable to shareholders for the same period was approximately HKD 12 million, a decrease of 54.7% from HKD 26.4 million in the previous year[12]. - Total revenue for the year ended March 31, 2022, was approximately HKD 426,960,000, an increase of 9.4% compared to HKD 390,229,000 in the previous year[24]. - Gross profit margin decreased to 7.5% for the year ended March 31, 2022, down from 10.1% in the previous year, attributed to rising raw material and subcontracting costs[26]. - Other income and net gains for the year were approximately HKD 700,000, a significant decrease of 96.4% from HKD 18,400,000 in the previous year, primarily due to reduced government wage subsidies[26]. - Administrative and operating expenses decreased by 19.0% to approximately HKD 19,500,000 from HKD 24,000,000 in the previous year, mainly due to lower consultancy and employee costs[26]. - As of March 31, 2022, the company's distributable reserves were approximately HKD 95,900,000, a slight decrease from HKD 96,200,000 in the previous year[64]. - The company reported a comprehensive financial performance reflecting a true and fair view as of March 31, 2022, according to the Hong Kong Financial Reporting Standards[197]. - The independent auditor's report confirmed that the consolidated financial statements were properly prepared in accordance with the Companies Ordinance disclosure requirements[197]. - Key audit matters were identified based on professional judgment, emphasizing their importance in the audit of the consolidated financial statements[199]. Operational Challenges - The company experienced a significant decline in profit due to increased raw material and subcontracting costs, reduced wage subsidies from the government, and decreased net gains from the sale of financial assets[19]. - The company anticipates continued high operating costs and rising prices due to global financial and energy market volatility, as well as supply chain disruptions[20]. - The actual application of the net proceeds has been slower than expected due to delays caused by the COVID-19 pandemic, adverse weather, changes in project designs, and difficulties in hiring suitable candidates[43]. Business Strategy - The company plans to actively participate in government tender projects, particularly in civil engineering, to increase project revenue[20]. - The company aims to leverage its competitive advantages post-listing to secure more projects and achieve revenue growth[20]. - The company will seek additional business opportunities within the construction industry to create greater value for shareholders[20]. - The company has been recognized as a qualified contractor for public works contracts exceeding HKD 400 million[23]. - The company has established a sustainable development committee to address significant environmental, social, and governance issues[58]. - The company emphasizes the importance of gender diversity in its board composition and actively seeks suitable female candidates[125]. Shareholder Relations - The company does not recommend a final dividend for the year ending March 31, 2022, consistent with the previous year[49]. - The company’s dividend policy aims to allow shareholders to share in profits while retaining sufficient reserves for future development[50]. - The company emphasizes effective communication with shareholders to strengthen investor relations and enhance understanding of business performance and strategies[157]. - The company provides a platform for communication between the board and shareholders during the annual general meeting[157]. Corporate Governance - The board of directors consists of six members, including three executive directors and three independent non-executive directors[73]. - The company has adopted a board diversity policy to enhance the diversity of its board members, considering factors such as age, gender, skills, and professional experience[125]. - The audit committee consists of five independent non-executive directors, ensuring sufficient financial experience to fulfill their responsibilities[134]. - The company provides ongoing training and development for directors to enhance their awareness of corporate governance practices[131]. - The company has established five board committees, including the audit, remuneration, nomination, sustainability, and investment committees, to assist in fulfilling its responsibilities[132]. Market Expansion and Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[169]. - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on innovative technology solutions[169]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[169]. - A strategic acquisition of a local competitor is anticipated to enhance operational efficiency and increase customer base by 30%[169]. - Research and development investments have increased by 18%, focusing on sustainable practices and advanced technologies[169]. - The company aims to improve its profit margin by 5% through cost optimization strategies implemented in the upcoming fiscal year[169]. - The company plans to enhance its digital marketing efforts, aiming for a 40% increase in online engagement and sales conversion rates[169].

Financial Performance - For the six months ended September 30, 2021, the company's revenue was approximately HKD 157.9 million, a decrease of 33.2% compared to HKD 236.4 million in the same period of 2020[11]. - The profit attributable to the company's owners for the same period was approximately HKD 8.5 million, down 57.0% from HKD 19.7 million in 2020[11]. - The gross profit margin for the six months ended September 30, 2021, was 12.2%, an increase from 10.3% in the previous year[16]. - Other income and net gains for the period were approximately HKD 1.6 million, a significant decrease of 84.9% from HKD 10.6 million in 2020[16]. - Revenue for the six months ended September 30, 2021, was HKD 157,877,000, a decrease of 33.1% from HKD 236,394,000 in the same period of 2020[58]. - Gross profit for the same period was HKD 19,321,000, down 21.4% from HKD 24,536,000 year-on-year[58]. - Operating profit decreased to HKD 9,849,000, a decline of 58.6% compared to HKD 23,764,000 in the previous year[58]. - Profit before tax was HKD 9,823,000, down 58.7% from HKD 23,732,000 in the prior year[58]. - Total comprehensive income for the period was HKD 8,467,000, a decrease of 56.9% from HKD 19,668,000 in the same period of 2020[58]. - Basic and diluted earnings per share for the period were HKD 0.85, compared to HKD 1.97 in the previous year, representing a decline of 56.8%[58]. Expenses and Costs - Administrative and operating expenses for the six months were approximately HKD 11.1 million, slightly down 2.9% from HKD 11.4 million in the previous year[16]. - Employee costs for the six months ended September 30, 2021, were approximately HKD 35,500,000, down from HKD 43,200,000 in the same period of 2020[30]. - The company's financing costs for the six months ended September 30, 2021, were HKD 26, compared to HKD 32 for the same period in 2020, reflecting a reduction of 19%[87]. - Employee costs (excluding directors' remuneration) for the six months ended September 30, 2021, were HKD 34,827, down 15% from HKD 41,222 in the previous year[89]. - Total tax expenses for the period were HKD 1,356,000, down from HKD 4,064,000 in the previous year, indicating a reduction of 66.7%[94]. Assets and Liabilities - As of September 30, 2021, total assets amounted to HKD 326,292 thousand, an increase from HKD 300,233 thousand as of March 31, 2021, representing an 8.7% growth[61]. - Trade receivables increased significantly to HKD 31,705 thousand from HKD 11,802 thousand, indicating a 168.5% rise[61]. - Contract assets rose to HKD 83,352 thousand from HKD 61,639 thousand, reflecting a 35% increase[61]. - Cash and cash equivalents decreased to HKD 53,730 thousand from HKD 74,907 thousand, a reduction of 28.2%[70]. - The company’s non-current assets totaled HKD 60,960 thousand, a slight decrease from HKD 63,398 thousand[61]. - The company’s net current assets increased to HKD 260,663 thousand from HKD 250,487 thousand, an increase of 4.7%[61]. - Trade payables and retention payables amounted to HKD 45,114,000 as of September 30, 2021, compared to HKD 34,434,000 as of March 31, 2021, representing an increase of 30.9%[112]. Capital Structure and Financing - The capital debt ratio as of September 30, 2021, was approximately 0.2%, unchanged from March 31, 2021, indicating a stable capital structure[22]. - The net proceeds from the share issuance, after deducting listing expenses of approximately HKD 45,200,000, amounted to about HKD 79,800,000, with HKD 68,600,000 already utilized by September 30, 2021[32]. - The unutilized portion of the net proceeds is expected to be used in the next fiscal year, primarily due to delays caused by the COVID-19 pandemic and other factors[33]. - The group maintains a prudent policy to manage cash reserves and ensure a strong liquidity position for future growth opportunities[23]. Business Operations - The company confirmed revenue from a total of 6 projects during the period, with one project completed[14]. - The revenue from project W55 was HKD 52.4 million, while project W56 generated HKD 35.8 million, both showing a decrease compared to the previous year[14]. - The decrease in profit was primarily due to reduced civil engineering revenue from projects W52 and W56, as well as a decline in government and other subsidy income[11]. - The group plans to actively participate in government tender projects to achieve revenue growth, despite increasing competition and technical requirements[19]. - The group aims to enhance its bidding advantages and capabilities to secure more successful tenders in the construction industry[19]. Shareholder and Governance - The company did not declare an interim dividend for the six months ended September 30, 2021, compared to no dividend declared in 2020[39]. - The company has not engaged in any purchase, sale, or redemption of its listed securities during the six months ended September 30, 2021[55]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2021, and confirmed compliance with applicable accounting standards[56]. - The company did not report any significant new product developments or market expansions during this period[76]. - There were no major mergers or acquisitions reported in the current financial period[76]. Related Party Transactions - The company recognized significant related party transactions, including interest payments of HKD 8,000 for lease liabilities to Mr. Lai Wei, compared to HKD 4,000 in the previous year[123]. - The company agreed to purchase property from Mr. Lai Wei for HKD 6,000,000, with a deposit of HKD 600,000 paid as of September 30, 2021[123]. - Total remuneration for directors and senior management was HKD 3,780,000 for the six months ended September 30, 2021, up from HKD 3,270,000 in the previous year[124]. - The company’s total remuneration for key management personnel, including salaries and retirement benefits, was HKD 3,843,000 for the current period[124]. - The company has not completed the acquisition of the property from Mr. Lai Wei as of the report date[123].