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，概不對因本公告全部或任 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 GC Construction Holdings Limited （股 份 代 號：1489） （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） 截至2025年3月31日止年度之年度業績公告 財務概要 年度業績 GC Construction Holdings Limited（「本公司」）董事（「董事」）會（「董事會」）欣然呈 報本公司及其附屬公司（統稱「本集團」）截至2025年3月31日止年度的綜合年度業 績，連同截至2024年3月31日止年度的比較數字。 1 截至2025年3月31日止年度 | | | 2025年 | 2024年 | | --- | --- | --- | --- | | | 附註 | 千港元 | 千港元 | | 收入 | 4 | 530,657 | 585,170 | | 服務成本 | | (528,535) | (543,327) | | 毛利 | | 2,122 | ...

Financial Performance - Revenue decreased from approximately HK$282.8 million for the six months ended 30 September 2023 to approximately HK$265.3 million for the six months ended 30 September 2024, representing a decrease of approximately HK$17.5 million or 6.2% [10] - Gross profit decreased from approximately HK$29.3 million for the six months ended 30 September 2023 to approximately HK$2.9 million for the six months ended 30 September 2024, representing a decrease of approximately HK$26.4 million or 90.2% [11] - The Group recorded a loss attributable to owners of the Company of approximately HK$7.2 million for the six months ended 30 September 2024, compared to a profit of approximately HK$16.6 million for the same period in 2023 [12] - Basic loss per share attributable to owners of the Company was approximately HK0.7 cents for the six months ended 30 September 2024, compared to basic earnings per share of approximately HK1.7 cents for the same period in 2023 [13] - The total comprehensive loss attributable to owners of the Company for the period was HK$7,164,000, compared to a profit of HK$16,614,000 in the same period last year [150]. - Operating loss for the six months was HK$7,962,000, compared to an operating profit of HK$19,050,000 in the previous year [150]. - Loss before income tax expense was HK$7,168,000, a decrease from a profit of HK$19,789,000 in the prior period [150]. Dividends and Shareholder Returns - The Board has resolved not to recommend the declaration of an interim dividend for the six months ended 30 September 2024 and 2023 [13]. - The company has resolved not to declare an interim dividend for the six months ended 30 September 2024 and 2023 [94]. Market Conditions and Strategic Initiatives - The Group faced a decline in project opportunities and contracts due to decreasing demand for new construction projects in the Hong Kong real estate market [18]. - The Group is exploring opportunities in the fitting-out sector to strengthen its income source and diversify risk [19]. - The strategic move into the fitting-out sector aims to provide new revenue opportunities and promote long-term business sustainability [19]. - The Group is seeking to strengthen its revenue source by venturing into the Southeast Asian market, capitalizing on the region's economic growth and construction demands [25]. - The Group successfully entered the Cambodian market and was awarded a construction project there [26]. Financial Position and Liquidity - As of September 30, 2024, the Group maintained a liquidity position with net current assets of approximately HK$315.0 million, cash and cash equivalents of approximately HK$66.8 million, and no short-term bank deposits [49]. - Bank borrowings amounted to approximately HK$14.1 million as of September 30, 2024, compared to nil as of March 31, 2024 [56]. - The gearing ratio was approximately 4.4% as of September 30, 2024, up from nil as of March 31, 2024 [57]. - The company adopted a prudent financial management approach towards its treasury policy, ensuring liquidity requirements are met [59]. Expenses and Cost Management - The cost of services increased from approximately HK$253.6 million for the six months ended 30 September 2023 to approximately HK$262.4 million for the six months ended 30 September 2024, representing an increase of approximately HK$8.9 million or 3.5% [34]. - The administrative expenses increased from approximately HK$9.9 million for the six months ended 30 September 2023 to approximately HK$10.7 million for the six months ended 30 September 2024, representing an increase of approximately HK$0.8 million or 7.6% [39]. - Employee benefit expenses for the six months ended September 30, 2024, were approximately HK$18,885,000, up from HK$12,251,000 in the same period of 2023, reflecting a 54.5% increase [199]. - Depreciation of plant and equipment increased to HK$24,315,000 for the six months ended September 30, 2024, compared to HK$16,613,000 in 2023, representing a 46.4% rise [198]. Assets and Liabilities - Total assets as of September 30, 2024, amounted to HK$368,638,000, a decrease of 4.9% from HK$384,588,000 as of March 31, 2024 [154]. - Current assets increased to HK$364,649,000 from HK$379,769,000, primarily driven by an increase in trade receivables to HK$80,465,000 from HK$76,038,000 [154]. - Total liabilities decreased to HK$49,983,000 from HK$58,769,000, with a notable reduction in trade payables from HK$33,230,000 to HK$14,069,000 [154]. - The company reported a decrease in retained earnings to HK$203,299,000 from HK$210,463,000, indicating a decline in profitability [156]. Governance and Compliance - The company has complied with the Corporate Governance Code during the reporting period, maintaining high standards of governance [96]. - The Audit Committee reviewed the interim financial results and confirmed compliance with applicable accounting standards and Listing Rules [141]. - The company maintains compliance with corporate governance standards as outlined in its interim report [118]. Shareholder Information - Mr. Chan Kiu Sum holds a 72.89% interest in the company, reflecting significant ownership [109]. - As of September 30, 2024, Mr. Chan Wing Ping holds 728,880,000 shares in Evolve Billion Limited, representing a 72.89% interest [129]. - The interests of directors and chief executives in the company's shares were fully disclosed as required by the SFO [113]. Financial Reporting and Accounting Policies - The Group's financial reporting is based on Hong Kong Financial Reporting Standards, ensuring compliance with local regulations [166]. - The unaudited interim financial statements have not been audited or reviewed by external auditors but have been reviewed by the Company's audit committee [172]. - The Group's financial estimates and judgments are consistent with those applied in the preparation of the annual audited consolidated financial statements for the year ended March 31, 2024 [179].

Financial Performance - Revenue decreased from approximately HKD 282.8 million for the six months ended September 30, 2023, to approximately HKD 265.3 million for the six months ended September 30, 2024, representing a decrease of about HKD 17.5 million or 6.2% [2] - Gross profit decreased from approximately HKD 29.3 million for the six months ended September 30, 2023, to approximately HKD 2.9 million for the six months ended September 30, 2024, representing a decrease of about HKD 26.4 million or 90.2% [2] - The group recorded a loss attributable to owners of the company of approximately HKD 7.2 million for the six months ended September 30, 2024, compared to a profit of approximately HKD 16.6 million for the same period in 2023 [2] - Basic loss per share attributable to owners of the company was approximately HKD 0.7 cents for the six months ended September 30, 2024, compared to basic earnings of approximately HKD 1.7 cents for the same period in 2023 [2] - The group recorded a profit and total comprehensive income of approximately HKD 16.6 million for the six months ended September 30, 2023, which turned into a loss of approximately HKD 7.2 million for the six months ended September 30, 2024, primarily due to a decrease in gross profit [58] - Earnings per share decreased from HKD 1.7 to HKD (0.7) for the respective periods, indicating a negative shift in profitability [30] Dividend and Shareholder Returns - The board has resolved not to declare an interim dividend for the six months ended September 30, 2024, and 2023 [2] - The board has resolved not to declare an interim dividend for the six months ended September 30, 2024, and 2023 [80] Assets and Liabilities - Total assets as of September 30, 2024, amounted to approximately HKD 368.6 million, a decrease from approximately HKD 384.6 million as of March 31, 2024 [7] - Total liabilities as of September 30, 2024, were approximately HKD 49.98 million, down from approximately HKD 58.77 million as of March 31, 2024 [9] - Bank borrowings amounted to approximately HKD 14.1 million as of September 30, 2024, compared to zero on March 31, 2024 [60] - The debt-to-equity ratio was approximately 4.4% as of September 30, 2024, due to the bank borrowings, while it was zero on March 31, 2024 [61] Cash Flow and Receivables - Cash and cash equivalents increased to approximately HKD 66.83 million as of September 30, 2024, from approximately HKD 31.87 million as of March 31, 2024 [7] - Trade receivables increased to approximately HKD 80.47 million as of September 30, 2024, compared to approximately HKD 76.04 million as of March 31, 2024 [7] - Trade receivables net amount increased from HKD 76,038,000 to HKD 80,465,000, indicating a rise in outstanding payments [36] Operational Performance - The company continues to engage in providing masonry works for public and private residential and commercial properties [11] - The company’s revenue is solely derived from the provision of civil engineering services in Hong Kong, indicating a focused operational segment [19] - The company is seeking to expand into the renovation industry to diversify revenue sources amid a downturn in the mud engineering sector [45] - The company is entering the Southeast Asian market to enhance revenue sources, having recently secured a construction project in Cambodia [47] - The company currently has 56 projects on hand with a total project value of approximately HKD 506.1 million, down from 61 projects valued at about HKD 564.8 million as of March 31, 2024 [45] Expenses and Costs - Employee benefits expenses, including director remuneration, increased to HKD 24,315,000 for the six months ended September 30, 2024, compared to HKD 16,613,000 for the same period in 2023, reflecting a rise of 46.5% [25] - Administrative expenses increased by approximately HKD 0.8 million or 7.6%, from about HKD 9.9 million to about HKD 10.7 million, mainly due to rising employee costs [54] - Depreciation of property, plant, and equipment was HKD 678,000 for the six months ended September 30, 2024, slightly down from HKD 736,000 in 2023 [25] Taxation - The company reported a tax credit of HKD 4,000 for the six months ended September 30, 2024, compared to a tax expense of HKD 3,175,000 for the same period in 2023 [27] Compliance and Governance - The company has adhered to the corporate governance code as per the listing rules for the six months ending September 30, 2024 [82] - The audit committee has reviewed the interim financial results and confirmed compliance with applicable accounting standards and regulations [92] - The company has established an audit committee with independent non-executive directors to oversee financial reporting and risk management [90] - The company has confirmed compliance with the standard code for securities trading by all directors for the six months ending September 30, 2024 [83] Future Outlook - The company does not expect the adoption of new accounting standards to have a significant impact on its financial performance or position [16] - The company is currently evaluating the impact of new accounting standards that will come into effect in the future [16] Share Offering - The total net proceeds from the share offering amounted to HKD 125 million, with net proceeds of approximately HKD 91.8 million after deducting underwriting commissions and related expenses [75] - There were no significant changes to the intended use of the net proceeds as disclosed in the prospectus as of the date of this interim announcement [78] Miscellaneous - The company expressed gratitude for the efforts of its management and staff, as well as the support from shareholders and business partners [94] - The interim report will be published on the company's website and the stock exchange in accordance with listing rules [93] - No share options were granted, exercised, cancelled, or lapsed under the share option plan during the six months ending September 30, 2024 [86] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the six months ending September 30, 2024 [84] - The group had no significant contingent liabilities as of September 30, 2024, and March 31, 2024 [66] - The group had no major investments, acquisitions, or disposals of subsidiaries, associates, or joint ventures during the six months ended September 30, 2024 [69]

Financial Position - As of March 31, 2024, the group's current assets amounted to approximately HKD 321.7 million, compared to HKD 303.6 million in 2023, with cash and cash equivalents at HKD 31.9 million (2023: HKD 47.9 million) and short-term bank deposits at HKD 50 million (2023: HKD 50 million) [8] - Total assets as of March 31, 2024, were HKD 384.6 million, up from HKD 358.3 million in 2023, with total equity increasing to HKD 325.8 million from HKD 306.8 million [34] - The group’s total liabilities and equity structure indicates a solid financial foundation, with no asset pledges as of March 31, 2024 [12] - The group has zero bank borrowings as of March 31, 2024, compared to approximately HKD 5.6 million on March 31, 2023, resulting in an asset-liability ratio of zero for 2024 [97][98] - Total liabilities amounted to 58,769 million, an increase from 51,577 million in the previous year [153] - Total equity and liabilities reached 384,588 million, up from 358,327 million year-on-year [153] Revenue and Profitability - Revenue increased from approximately HKD 541.6 million in the year ended March 31, 2023, to approximately HKD 585.2 million in the year ended March 31, 2024, representing an increase of about HKD 43.5 million or 8.0% [45] - Gross profit decreased from approximately HKD 65.5 million in the year ended March 31, 2023, to approximately HKD 41.8 million in the year ended March 31, 2024, representing a decrease of about HKD 23.7 million or 36.1% [45] - The profit attributable to owners of the company for the year ended March 31, 2024, was approximately HKD 19.1 million, compared to approximately HKD 49.3 million for the year ended March 31, 2023 [45] - Basic earnings per share attributable to owners of the company for the year ended March 31, 2024, was approximately HKD 1.9 cents, down from approximately HKD 5.7 cents for the year ended March 31, 2023 [45] - Net profit attributable to owners of the company decreased from approximately HKD 49.3 million for the year ended March 31, 2023, to approximately HKD 19.1 million for the year ended March 31, 2024, a decrease of about HKD 30.3 million or 61.3% [73] Expenses and Costs - Employee benefit expenses, including directors' remuneration, amounted to approximately HKD 25.49 million for the year ended March 31, 2024, compared to approximately HKD 26.99 million for the year ended March 31, 2023 [43] - Administrative expenses for the year ended March 31, 2024, were approximately HKD 20.73 million, compared to approximately HKD 20.61 million for the year ended March 31, 2023 [46] - Service costs rose from approximately HKD 476.1 million for the year ended March 31, 2023, to approximately HKD 543.3 million for the year ended March 31, 2024, an increase of approximately HKD 67.2 million or 14.1% [117] - Income tax expenses decreased from approximately HKD 7.4 million for the year ended March 31, 2023, to approximately HKD 3.7 million for the year ended March 31, 2024, due to a reduction in taxable profits [120] Assets and Liabilities - The group's trade receivables increased to HKD 76.0 million in 2024 from HKD 53.7 million in 2023, while contract assets rose to HKD 214.5 million from HKD 196.8 million [34] - Trade payables increased from HKD 21.9 million in 2023 to HKD 33.2 million in 2024, indicating higher liabilities [63] - The group reported a significant increase in non-current assets, with property, plant, and equipment rising to HKD 3.8 million in 2024 from HKD 3.1 million in 2023 [34] - Other income for the year ended March 31, 2024, was approximately HKD 102, compared to approximately HKD 18.74 million for the year ended March 31, 2023 [46] - Other income decreased from approximately HKD 18.7 million for the year ended March 31, 2023, to approximately HKD 0.1 million for the year ended March 31, 2024, primarily due to the absence of government subsidies [71] Strategic Initiatives - The group is exploring opportunities in the Cambodian masonry engineering and Hong Kong renovation projects to diversify its services and reduce reliance on local masonry engineering [68] - The group has established a subsidiary to expand its expertise in civil engineering to Southeast Asian countries, particularly Cambodia, to diversify revenue sources [91] - The group is also expanding into the renovation engineering sector in Hong Kong to tap into niche markets and utilize existing resources [91] - The group has 61 ongoing projects as of March 31, 2024, compared to 53 projects in 2023, with a total project value of approximately HKD 564.8 million, down from HKD 621.5 million in 2023 [90] Financial Management - The group has maintained a cautious financial management approach regarding its liquidity, ensuring that its asset and liability structure meets financing requirements [11] - The group plans to utilize HKD 91.8 million in proceeds for various purposes, including HKD 67.0 million for project pre-costs and HKD 9.9 million for expanding workforce and office space [16] - The company did not recommend the declaration of a final dividend for the year ended March 31, 2024 [45] - The company did not declare or pay dividends for both the years ended March 31, 2023, and March 31, 2024 [60] Governance and Compliance - The company established an audit committee responsible for reviewing financial statements and providing important opinions on financial reporting [146] - The audit committee confirmed that the annual performance for the year ending March 31, 2024, was prepared in accordance with applicable accounting standards and listing rules [147] - The company will hold its annual general meeting on August 16, 2024, with notifications to be issued as per listing rules [148] - The company expressed gratitude to management, employees, shareholders, and business partners for their support during the reporting period [149] Company Overview - The company operates as an investment holding company engaged in providing masonry engineering for public and private residential and commercial properties in Hong Kong [158]

Financial Performance - Revenue increased from approximately HK$262.7 million for the six months ended 30 September 2022 to approximately HK$282.8 million for the six months ended 30 September 2023, representing an increase of approximately HK$20.1 million or 7.7%[12] - Gross profit decreased from approximately HK$32.0 million for the six months ended 30 September 2022 to approximately HK$29.3 million for the six months ended 30 September 2023, representing a decrease of approximately HK$2.7 million or 8.4%[12] - The Group recorded a profit and total comprehensive income for the period attributable to owners of the Company of approximately HK$16.6 million for the six months ended 30 September 2023, down from approximately HK$36.3 million for the same period in 2022[12] - Basic earnings per share attributable to owners of the Company was approximately HK1.7 cents for the six months ended 30 September 2023, compared to approximately HK4.8 cents for the same period in 2022[12] - Profit and total comprehensive income for the period decreased from approximately HK$36.3 million for the six months ended September 30, 2022, to approximately HK$16.6 million for the six months ended September 30, 2023, representing a decrease of approximately HK$19.7 million or 54.2%[43] - Operating profit decreased significantly to HK$19,050,000, a decline of 53.0% from HK$40,547,000 in the previous year[136] - The company reported a profit of HK$16,614,000 for the six months ended September 30, 2023, compared to HK$36,310,000 for the same period in 2022, indicating a decline of approximately 54.5%[143] Revenue and Projects - The increase in revenue was mainly driven by the increase in the amount of works performed by the Group in ongoing sizeable projects, including redevelopment projects at Kwai Chung Hospital and projects relating to the Kai Tak Development[16] - The Group had 60 projects on hand as of September 30, 2023, with a backlog value of approximately HK$758.8 million, compared to 53 projects and approximately HK$621.4 million as of March 31, 2023[21] - For the six months ended September 30, 2023, the Group's revenue from wet trades work was HK$282,839,000, an increase of 7.3% from HK$262,707,000 in the same period of 2022[173] - Revenue from major customers included contributions of HK$51,105,000 from Customer 1, HK$43,562,000 from Customer 2, and HK$38,646,000 from Customer 3, all exceeding 10% of total revenue for the period[177] Costs and Expenses - Gross profit margin was approximately 10.4% for the six months ended September 30, 2023, compared to 12.2% for the same period in 2022[32] - Other income decreased from approximately HK$18.6 million for the six months ended September 30, 2022, to approximately HK$0.1 million for the six months ended September 30, 2023, representing a decrease of approximately HK$18.5 million[33] - Administrative expenses increased from approximately HK$6.6 million for the six months ended September 30, 2022, to approximately HK$9.9 million for the six months ended September 30, 2023, representing an increase of approximately HK$3.3 million[34] - The cost of services increased from approximately HK$230.7 million for the six months ended September 30, 2022, to approximately HK$253.6 million for the six months ended September 30, 2023, representing an increase of approximately HK$22.8 million or 9.9%[30] - Total employee benefit expenses for the six months ended September 30, 2023, were approximately HK$16,613,000, a decrease of 10.4% from HK$18,543,000 in 2022[184] - The Group's employee benefit expenses included in cost of services were approximately HK$12,251,000 for the six months ended September 30, 2023, down from approximately HK$14,503,000 in 2022, a decrease of 15.5%[185] Dividends and Shareholder Information - The Board has resolved not to recommend the declaration of an interim dividend for the six months ended 30 September 2023 and 2022[12] - The company did not declare an interim dividend for the six months ended September 30, 2023, consistent with the decision for the same period in 2022[199] - As of September 30, 2023, Mr. Chan Kiu Sum and Mr. Chan Wing Ping each hold 750,000,000 shares, representing a 75% interest in the company[103] - Evolve Billion Limited, beneficially owned by Mr. Chan Kiu Sum (80%) and Mr. Chan Wing Ping (20%), holds a long position of 750,000,000 shares, equating to a 75% interest[111] Liquidity and Financial Position - As of September 30, 2023, the Group maintained a liquidity position with net current assets of approximately HK$319.7 million and cash and cash equivalents of approximately HK$54.2 million, compared to HK$303.6 million and HK$47.9 million as of March 31, 2023, respectively[44][49] - The company had no bank borrowings as of September 30, 2023, down from HK$5,634,000 as of March 31, 2023, indicating a complete repayment of bank loans[141] - Total liabilities decreased to HK$41,385,000 from HK$51,577,000 as of March 31, 2023, representing a reduction of approximately 19.7%[141] - Cash and cash equivalents increased to HK$54,236,000 from HK$47,942,000 as of March 31, 2023[138] Capital Expenditures and Investments - The company incurred capital expenditures of approximately HK$1.6 million for the six months ended September 30, 2023, compared to approximately HK$0.8 million for the same period in 2022[55][62] - The Group incurred capital expenditure of approximately HK$1.6 million during the six months ended September 30, 2023, compared to approximately HK$0.8 million in the same period of 2022, indicating a 100% increase[200] - There were no significant investments, acquisitions, or disposals of subsidiaries, associates, and joint ventures during the six months ended September 30, 2023[66][72] Governance and Compliance - The company has complied with the Corporate Governance Code during the reporting period, except for the separation of roles between the chairman and CEO[88] - The company has not entered into any management contracts concerning the administration of its business during the six months ended September 30, 2023[114] - The independent non-executive directors reviewed the compliance of the controlling shareholders with the Non-competition Undertaking and found no breaches[115] Market Outlook and Strategy - The Group remains cautiously optimistic about the prospects of the local construction market despite the economic slowdown in Hong Kong[22] - The Group intends to explore opportunities in overseas markets, particularly in Southeast Asia, to strengthen its income sources[23] Labor and Training Initiatives - The Group has established good business partnerships with experienced subcontractors to minimize the impact of the labor shortage in the construction industry[15] - The Group actively studies the Government's strategies for labor importation and participates in relevant forums and discussions[15] - The Group has started to develop internal training programs for potential imported workers to familiarize them with requisite standards and safety measures[15]

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，概不對因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 GC Construction Holdings Limited （於開曼群島註冊成立的有限公司） （股份代號：1489） 截 至2023年9月30日 止 六 個 月 之 中 期 業 績 公 告 中期業績概要 － 收益由截至2022年9月30日止六個月約262.7百萬港元增加至截至2023年9 月30日止六個月約282.8百萬港元，相當於增加約20.1百萬港元或7.7%。 － 毛利由截至2022年9月30日止六個月約32.0百萬港元減少至截至2023年9 月30日止六個月約29.3百萬港元，相當於減少約2.7百萬港元或8.4%。 － 本集團於截至2023年9月30日止六個月錄得本公司擁有人應佔期內溢利 及全面收入總額約16.6百萬港元（截至2022年9月30日止六個月：約36.3百 萬港元）。 － 截至2023年9月30日止六個月的本公司擁有人應佔每股基本盈利約為1.7 港仙（截至2022年9月30日 ...

Financial Performance - Revenue increased from approximately HK$456.4 million for the year ended 31 March 2022 to approximately HK$541.6 million for the year ended 31 March 2023, representing an increase of approximately HK$85.2 million or 18.7%[8] - Gross profit increased from approximately HK$57.7 million for the year ended 31 March 2022 to approximately HK$65.5 million for the year ended 31 March 2023, representing an increase of approximately HK$7.8 million or 13.6%[8] - The Group recorded a profit and total comprehensive income for the year attributable to owners of the Company of approximately HK$49.3 million for the year ended 31 March 2023, compared to approximately HK$31.3 million for 2022[8] - Basic earnings per share attributable to owners of the Company was approximately HK5.7 cents for the year ended 31 March 2023, up from approximately HK4.2 cents in 2022[8] - Cost of services increased from approximately HK$398.7 million to approximately HK$476.1 million, representing an increase of approximately HK$77.4 million or 19.4%[71] - Other income increased from approximately HK$0.6 million to approximately HK$18.7 million, primarily due to a government grant of approximately HK$18.3 million[73] - Administrative expenses increased from approximately HK$12.1 million to approximately HK$20.6 million, representing an increase of approximately HK$8.5 million[75] - Profit and total comprehensive income for the year increased from approximately HK$31.3 million to approximately HK$49.3 million, representing an increase of approximately HK$18.0 million or 57.6%[75] - As of 31 March 2023, the Group maintained a net current assets balance of approximately HK$303.6 million, up from approximately HK$140.3 million in 2022[77] - The effective tax rate decreased to approximately 13.1% for the year ended 31 March 2023 from 19.3% in 2022, mainly due to an increase in income not subject to tax[75] Strategic Initiatives - The Group plans to finance the upfront costs of its projects amounting to HKD 67.0 million by March 2023[35] - The Group is expanding its manpower and leasing an additional office, with an investment of HKD 9.9 million planned by March 2024[45] - The Group is procuring an enterprise resources planning (ERP) system, with a budget of HKD 1.9 million set for March 2024[33] - The Group's strategic focus includes market expansion and the adoption of new technologies to enhance operational efficiency[34] - The management plans to leverage the Group's established track record in the wet trades industry to increase market share, particularly in response to the Hong Kong government's focus on addressing housing issues[61][68] - The Group is exploring opportunities for expansion into Southeast Asia, aiming to secure suitable wet trades and other construction-related projects[69] - The Group aims to diversify its service offerings by potentially collaborating with partners or establishing its own teams for related construction services[69] Management and Governance - The Group's management team includes experienced professionals with over 30 years in the industry, ensuring strong leadership[24] - The Group's overall management and business strategy are overseen by Mr. Chan Kiu Sum, who serves as the Chairman and CEO[29] - Ms. Chan Chui Ying, aged 27, is responsible for the Group's sales and marketing, indicating a focus on youth and innovation in management[53] - The Group has a strong board of directors with diverse backgrounds in finance, governance, and project management, enhancing decision-making capabilities[32] - The Group's independent non-executive directors bring over 15 years of experience in consulting, accounting, and auditing, ensuring compliance and oversight[43] - The Group's commitment to safety and compliance is reflected in the qualifications of its management team, including safety supervision training[27] Operational Highlights - As of March 31, 2023, the Group had 53 projects on hand, an increase from 39 projects as of March 31, 2022[57][67] - The increase in revenue was primarily driven by the rise in construction volume for several ongoing large-scale projects, including a commercial project at Hong Kong International Airport and a private residential project in Tai Wo Ping[59][64] - The Group's participation in government infrastructure projects, such as a hospital in Yaumatei and community isolation facilities, helped maintain a solid financial position during challenging times[63][64] - The management is confident in maintaining solid performance in the coming years by seizing opportunities in the housing development sector and controlling costs[61][68] Capital Structure and Financial Position - As of March 31, 2023, bank borrowings amounted to approximately HK$5.6 million, compared to nil in 2022, resulting in a gearing ratio of approximately 1.8%[84] - The Group incurred capital expenditures of approximately HK$2.5 million for the year ended March 31, 2023, up from approximately HK$0.9 million in 2022[86] - The net debt to equity ratio was not applicable as of March 31, 2023, and 2022, as the Group maintained a net cash position on both dates[84] - The Group's net cash position as of March 31, 2023, was approximately HK$303.6 million, an increase from approximately HK$140.3 million in 2022[88] - The gross proceeds from the Share Offer amounted to HK$125 million, with net proceeds of approximately HK$91.8 million after deducting underwriting commissions and related expenses[98] Compliance and Risk Management - The Board has resolved not to recommend the declaration of a final dividend for the year ended 31 March 2023, consistent with the previous year[8] - The Group's financial management is overseen by experienced professionals with extensive backgrounds in accounting and finance[131] - The Company has established the Audit Committee in compliance with the Listing Rules and corporate governance codes[161] - The Audit Committee has reviewed the effectiveness of the Group's risk management and internal control systems on an ongoing basis[149] - The Company does not yet have an internal audit function but engages external consultants to review the adequacy and effectiveness of its internal control systems[149] - The Audit Committee acknowledged the management's progressive implementation of adequate and effective risk management and internal control systems[149] - The Group will review its risk management and internal control systems annually[149] Environmental, Social, and Governance (ESG) Commitment - GC Construction Holdings Limited is committed to reducing greenhouse gas emissions and has set high short-term and long-term targets for this purpose[182] - The company emphasizes the importance of environmental, social, and governance (ESG) factors in its decision-making processes to create value for stakeholders[182] - GC Construction Holdings Limited aims to enhance its internal data collection processes to provide a comprehensive overview of its environmental and social performance[196] - GC Construction Holdings Limited recognizes the need for continuous improvement in its ESG performance to lead the industry as a responsible corporate citizen[182] - The company has established a comprehensive code of conduct to promote transparency and accountability in its business practices[182] - GC Construction Holdings Limited is committed to fostering diversity, equity, and inclusion within its workplace and society[182] - The company acknowledges its responsibilities to evaluate and manage ESG-related risks effectively[182] - GC Construction Holdings Limited aims to collaborate with stakeholders on ESG issues to create a more sustainable future[182]

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，概不對因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 GC Construction Holdings Limited （於開曼群島註冊成立的有限公司） （股份代號：1489） 截 至2023年3月31日 止 年 度 之 年 度 業 績 公 告 財務概要 － 收入由截至2022年3月31日止年度約456.4百萬港元增加至截至2023年3月 31日止年度約541.6百萬港元，相當於增加約85.2百萬港元或18.7%。 － 毛利由截至2022年3月31日止年度約57.7百萬港元增加至截至2023年3月 31日止年度約65.5百萬港元，相當於增加約7.8百萬港元或13.6%。 － 本集團於截至2023年3月31日止年度錄得本公司擁有人應佔年內溢利及 全面收益總額約49.3百萬港元（2022年：約31.3百萬港元）。 － 截至2023年3月31日止年度的本公司擁有人應佔每股基本盈利約為5.7港 仙（2022年：約4.2港仙）。 － 董 事 會 已 議 決 不 建 ...

Financial Performance - Revenue increased from approximately HK$253.4 million for the six months ended 30 September 2021 to approximately HK$262.7 million for the six months ended 30 September 2022, representing an increase of approximately HK$9.3 million or 3.7%[9]. - Gross profit increased from approximately HK$30.6 million for the six months ended 30 September 2021 to approximately HK$32.0 million for the six months ended 30 September 2022, representing an increase of approximately HK$1.4 million or 4.4%[10]. - The Group recorded a profit and total comprehensive income for the period attributable to owners of the Company of approximately HK$36.3 million for the six months ended 30 September 2022, compared to approximately HK$16.8 million for the same period in 2021[11]. - Basic earnings per share attributable to owners of the Company was approximately HK$0.048 for the six months ended 30 September 2022, up from approximately HK$0.022 for the same period in 2021[12]. - The profit and total comprehensive income for the period increased from approximately HK$16.8 million for the six months ended 30 September 2021 to approximately HK$36.3 million for the six months ended 30 September 2022, representing an increase of approximately HK$19.5 million or 116.5%[39]. - Operating profit surged to HK$40,547,000, a significant increase from HK$20,699,000 in the prior period, indicating strong operational performance[142]. - Profit attributable to owners of the Company for the period was HK$36,310,000, up from HK$16,772,000, representing a year-over-year growth of 116.5%[142]. Revenue Sources - The Group's revenue growth was driven by ongoing sizeable projects, including contributions of approximately HK$69.0 million from a commercial project at Hong Kong International Airport, HK$30.4 million from a sport park project in Kai Tak, and HK$27.7 million from a community isolation and treatment facility[20]. - Revenue for the six months ended September 30, 2022, was HK$262,707,000, an increase of 3.1% from HK$253,419,000 in the same period of 2021[142]. - Revenue from major customers included Customer 1 contributing HK$72,810,000 and Customer 2 contributing HK$56,786,000, both exceeding 10% of total revenue[191]. - All of the Group's revenue is generated in Hong Kong, indicating a focused operational market[193]. Cost and Expenses - The cost of services increased from approximately HK$222.8 million for the six months ended 30 September 2021 to approximately HK$230.7 million for the six months ended 30 September 2022, representing an increase of approximately HK$7.9 million or 3.6%[29]. - Administrative expenses increased from approximately HK$5.5 million for the six months ended 30 September 2021 to approximately HK$6.6 million for the six months ended 30 September 2022, representing an increase of approximately HK$1.1 million or 20.9%[35]. - The net finance costs increased from approximately HK$0.1 million for the six months ended 30 September 2021 to approximately HK$0.2 million for the six months ended 30 September 2022[35]. - The income tax expense remained relatively stable at approximately HK$4.0 million for the six months ended 30 September 2022 compared to HK$3.8 million for the same period in 2021[35]. Assets and Liabilities - Total assets increased to HK$249,173,000 as of September 30, 2022, up from HK$199,172,000 as of March 31, 2022, representing a growth of approximately 25%[145]. - Total equity attributable to owners rose to HK$178,766,000, a 25.4% increase from HK$142,456,000 in the previous period[145]. - Current liabilities increased to HK$70,407,000, up from HK$56,716,000, reflecting a rise of approximately 24%[148]. - Cash and cash equivalents decreased to HK$25,357,000 from HK$27,546,000, a decline of about 7.5%[145]. - Trade receivables surged to HK$56,913,000, significantly higher than HK$27,183,000 in the previous period, marking an increase of approximately 109%[145]. - Contract assets rose to HK$150,187,000, compared to HK$130,272,000, showing an increase of about 15.3%[145]. Capital and Financing - The Group had 45 projects on hand as of 30 September 2022, with a backlog value of approximately HK$620.5 million, down from approximately HK$758.1 million as of 31 March 2022[26]. - The bank borrowings as at 30 September 2022 represented tax loan facilities of approximately HK$15.1 million, which were denominated in Hong Kong dollars and bore interest at floating rates[39]. - The gearing ratio was approximately 8.5% as at 30 September 2022, calculated as total borrowings divided by total equity[39]. - The company successfully listed 250,000,000 shares at HK$0.5 per share, raising a total of HK$125 million before expenses[66]. - The net proceeds from the share offer amount to approximately HK$91.8 million after deducting underwriting commissions and related expenses[69]. - 73% of the net proceeds (HK$67 million) will be used for financing up-front costs of the group's projects by March 2023[71]. - 10.8% of the net proceeds (HK$9.9 million) will be allocated to expanding manpower and leasing additional office space by March 2024[71]. Corporate Governance and Compliance - The Group has complied with the Corporate Governance Code during the reporting period[80]. - The Audit Committee reviewed the interim financial results and confirmed compliance with applicable accounting standards and Listing Rules[129]. - The Company maintained a public float of at least 25% of its total issued share capital during the reporting period[126]. - No significant transactions involving directors' interests were reported during the six months ended September 30, 2022[91]. - There were no connected transactions required to be disclosed under Chapter 14A of the Listing Rules during the six months ended September 30, 2022[124]. Employment and Workforce - As at 30 September 2022, the Group had 77 employees, a decrease from 83 employees as of 31 March 2022[60]. - Wage subsidies under the Youth Employment and Training Programme amounted to HK$1,500 per month for each trainee employed, contributing to the Group's financial support[198]. - The Group also benefited from wage subsidies under the Employment Support Scheme from May 2022 to July 2022, aimed at supporting employers during the pandemic[199]. Future Outlook - The Group expects steady growth in the gross value of wet trades works driven by ongoing infrastructure investments and housing supply targets set by the Hong Kong government[27]. - The company plans to continue expanding its market presence and enhance its service offerings in the construction sector[159].