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].