Financial Performance - The company reported a revenue increase of 15% year-over-year, reaching HKD 1.2 billion for the fiscal year ending December 31, 2023[12]. - User data showed a growth in active users by 20%, totaling 500,000 users as of the end of the fiscal year[12]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[12]. - New product launches are expected to contribute an additional HKD 200 million in revenue in the upcoming year[12]. - The company reported contract revenue from construction contracts amounting to HKD 2,122,397,000 for the year ended December 31, 2023, compared to HKD 1,805,843,000 in 2022, reflecting a growth of approximately 17.5%[196]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share by 2025[12]. - A strategic acquisition of a local competitor is anticipated to enhance operational capabilities and increase revenue by 5%[12]. - The company plans to implement cost-cutting measures aimed at reducing operational expenses by 8% in the next fiscal year[12]. Shareholder Returns and Governance - A special dividend of HKD 0.50 per share was declared, reflecting the company's strong financial position[13]. - The board of directors has authorized a share buyback program not exceeding 10% of the total issued shares[17]. - The company emphasizes the importance of shareholder representation at the annual general meeting, allowing for proxy voting[21]. - The company confirmed compliance with the standards set out in the listing rules regarding securities trading by all directors for the year ending December 31, 2023[156]. Management and Director Remuneration - Mr. Wei's annual fixed remuneration is HKD 200,000, based on the company's remuneration policy for executive directors[31]. - Mr. Lin's annual fixed remuneration is HKD 200,000, reflecting the company's remuneration policy[34]. - Mr. Wang's annual fixed remuneration is HKD 200,000, with a performance-linked bonus of HKD 2,000,000 for the year ending December 31, 2023[39]. - The remuneration committee held two meetings during the year to review the remuneration of all executive directors and senior management[156]. Financial Reporting and Audit - The consolidated financial statements of Jianye Jianrong Holdings Limited as of December 31, 2023, include the consolidated balance sheet, income statement, statement of comprehensive income, statement of changes in equity, and cash flow statement[52]. - The audit report highlights key audit matters that are significant to the financial statements, indicating that the audit procedures were designed to address the risks of material misstatement[53]. - The independent auditor's report emphasizes the importance of identifying and assessing risks of material misstatement due to fraud or error, which may affect the overall audit opinion[59]. - The auditor concluded on the appropriateness of the going concern basis of accounting, noting that significant uncertainties may impact the group's ability to continue as a going concern[60]. Accounting Policies and Financial Instruments - The company’s accounting policy includes recognizing major inspection costs as capitalized assets if they meet recognition criteria[50]. - The group applies the expected credit loss model for financial instruments, with provisions based on the stage of credit risk[111]. - Financial assets are classified upon initial recognition as measured at amortized cost, fair value through other comprehensive income, or fair value through profit or loss, depending on the cash flow characteristics and the business model[125]. - The group recognizes lease liabilities at the present value of lease payments due over the lease term, including fixed payments and variable lease payments based on indices or rates[95]. Risk Management and Compliance - Management has considered forward-looking information to assess the expected credit losses related to customer repayment capabilities[57]. - The group regularly assesses the recoverability of trade receivables and contract assets based on various factors, including credit status and historical repayment records, to ensure accurate financial reporting[197]. - The group’s expected credit loss provisions for trade receivables are adjusted based on historical default rates and forward-looking information, ensuring a proactive approach to credit risk management[199]. Corporate Governance and Development - The company encourages all directors to participate in continuous professional development to update their knowledge and skills[133]. - The board collectively bears responsibility for executing corporate governance duties, including developing and reviewing governance policies[156]. - The company will seek suitable successors for the board through internal resources or possibly through professional human resources firms to maintain diversity[157].

Financial Performance - Revenue for the year ended December 31, 2023, was HKD 2,122,397, an increase of 17.5% from HKD 1,805,843 in 2022[2] - Gross profit for the same period was HKD 340,556, representing a gross margin of 16.0%, up from HKD 289,444 in 2022[2] - Net profit for the year was HKD 120,466, a 25.4% increase compared to HKD 96,024 in 2022[2][3] - Basic and diluted earnings per share increased to HKD 8.03 from HKD 6.40, reflecting a growth of 25.4%[2] - Total comprehensive income for the year was HKD 126,546, compared to HKD 102,830 in 2022, marking a 23.1% increase[4] - The company reported a pre-tax profit of HKD 142,540 for 2023, up from HKD 116,197 in 2022, reflecting a growth of 22.7%[25] - The company's revenue for the fiscal year 2023 was HKD 2,122,400,000, representing a 17.5% increase from HKD 1,805,800,000 in 2022[37] - The gross profit for the fiscal year 2023 was HKD 340,600,000, an increase of 17.7% from HKD 289,400,000 in 2022, with a stable gross profit margin of 16.0%[38] - The net profit for the fiscal year 2023 was HKD 120,500,000, reflecting a 25.5% increase from HKD 96,000,000 in 2022[41] Assets and Liabilities - Non-current assets totaled HKD 480,063, up from HKD 461,743 in 2022, indicating a growth of 3.0%[6] - Current assets increased to HKD 1,276,689 from HKD 1,063,918, representing a growth of 20.0%[6] - Total liabilities increased to HKD 1,026,546 from HKD 874,503, reflecting a rise of 17.4%[6] - The company's equity increased to HKD 730,206 from HKD 653,160, a growth of 11.8%[6] - The company’s total assets reached HKD 1,756,752, a slight increase from HKD 1,525,661 in the previous year[19] - The total liabilities increased to HKD 1,026,546 from HKD 872,501, reflecting a rise of 17.7%[19] Cash Flow and Investments - Capital expenditures for the year were HKD 104,979, up from HKD 59,560 in 2022, indicating a 76.2% increase in investment in property, plant, and equipment[23] - The company maintained a cash and bank balance of HKD 566,500,000 as of December 31, 2023, compared to HKD 457,800,000 in 2022, reflecting strong cash flow from operations[42] - Interest income rose to HKD 16,208 in 2023, compared to HKD 2,633 in 2022, marking a significant increase[24] - Trade receivables increased to HKD 297,575,000 in 2023 from HKD 274,974,000 in 2022, with significant concentration risks from major customers[31] - Trade payables rose to HKD 200,067,000 in 2023 from HKD 131,001,000 in 2022, indicating increased operational activity[34] Dividends - The company proposed a final dividend of HKD 0.02 per share and a special dividend of HKD 0.02 per share, totaling HKD 60,000,000, compared to HKD 49,500,000 in 2022[29] - The board proposed a final dividend of HKD 0.02 per share and a special dividend of HKD 0.02 per share, pending shareholder approval at the upcoming annual general meeting[52] Operational Insights - The company plans to continue expanding its operations in both public and private sectors in Hong Kong and overseas[7] - The construction services segment generated HKD 1,760,987 in revenue, while the drilling and exploration segment contributed HKD 361,410, together totaling HKD 2,122,397[22] - Major customer A's revenue increased significantly to HKD 1,033,314 in 2023 from HKD 468,268 in 2022, representing a growth of 120.5%[20] - The foundation and drilling segments had ongoing projects with contract amounts of approximately HKD 3,857,000,000 and HKD 744,000,000, respectively[36] - The group anticipates increased demand for its services due to ongoing government investments in infrastructure and public housing supply, particularly in the Northern Metropolis area[47] Human Resources and Development - As of December 31, 2023, the group employed 674 staff in Hong Kong, with annual salary reviews based on market rates and individual performance[46] - The group has invested significantly in talent development through the establishment of the "Construction Academy" to train the next generation of professionals in the foundation industry[47] Governance and Compliance - The company has complied with all relevant provisions of the corporate governance code, except for C.5.1, which requires the board to meet at least four times a year[57] - The audit committee consists of three independent non-executive directors, who have reviewed the accounting principles and policies adopted by the company[58] - The company's auditor, Ernst & Young, has agreed to the figures presented in the preliminary financial results for the year ending December 31, 2023, but does not provide any assurance on the preliminary results[59] - There were no purchases, sales, or redemptions of the company's listed shares by the company or any of its subsidiaries during the year[61] - The board of directors consists of nine members, including six executive directors and three independent non-executive directors[62] Strategic Initiatives - The group is committed to enhancing innovative technology and office automation to improve productivity and efficiency in the new fiscal year[50] - An Environmental, Social, and Governance (ESG) committee has been established to oversee various initiatives, including carbon emissions reporting and employee welfare[50] - The group remains cautiously optimistic about the future of the foundation industry in Hong Kong, actively seeking new opportunities and diversification to balance risks and returns[50] - The group’s subsidiary, Drilling Company, continues to contribute significantly to performance, successfully securing multiple large-scale site investigation contracts despite a slowdown in the market[49] - The group has obtained a site leveling license from the Development Bureau in 2023, which is expected to enhance opportunities for securing large project tenders[49]

建業建榮控股有限公司 · 二零二三年中期報告 22 | --- | --- | --- | |--------------------|-------------------------|---------------------------| | | | | | | 二零二三年 | 二零二二年 | | | 六月三十日 （未經審核） | 十二月三十一日 （經審核） | | | 千港元 | 千港元 | | 應付貿易賬款 | | | | 即期至 30 日 | 104,670 | 115,156 | | 31 至 60 日 | 20,854 | 12,598 | | 61 至 90 日 | – | 110 | | 90 日以上 | 2,559 128,083 | 3,137 131,001 | | 應付工程項目保留金 | 41,901 169,984 | 45,506 176,507 | 14. 或然負債 15. 關聯方交易 (b) 本集團主要管理人員的補償： 17. 金融工具的公平值及公平值等級 期內，金融資產及金融負債概無第一級與第二級之間的公平值計量的轉移，亦無向第三級或自第三級的 轉移（二零二二年：無）。 ...

Financial Performance - The company reported a comprehensive income statement for the year ending December 31, 2022, with total revenue of HKD 1.2 billion, representing a 15% increase compared to the previous year[11]. - The group's revenue decreased by 11.6% to HKD 1,806,000,000 for the year ended December 31, 2022, compared to HKD 2,042,000,000 in 2021[21]. - Profit attributable to equity holders increased by 44.0% to HKD 96,000,000, up from HKD 67,000,000 in the previous year[21]. - The group's gross profit for the reporting year was HKD 289,400,000, an increase of 12.6% from HKD 257,100,000 in the previous year, with a gross profit margin rising from 12.6% to 16.0%[107]. - The group's net profit for the reporting year was HKD 96,000,000, an increase of 44.0% or HKD 29,300,000 from HKD 66,700,000 in the previous year[110]. - Total revenue for the year ended December 31, 2022, was HKD 1,805,843,000, a decrease of 11.6% from HKD 2,042,378,000 in 2021[122]. - Profit for the year increased to HKD 96,024,000, up 43.9% from HKD 66,693,000 in the previous year[122]. Dividends and Shareholder Value - The company plans to distribute a final dividend and a special dividend for the year ending December 31, 2022, reflecting a commitment to returning value to shareholders[11]. - Proposed final dividend of HKD 0.02 per share and special dividend of HKD 0.013 per share, subject to shareholder approval[22]. - The company reported a final dividend of HKD 0.02 per share and a special dividend of HKD 0.013 per share for the year ending December 31, 2022, pending shareholder approval[102]. - The company maintains a dividend policy that considers sufficient cash reserves for operational needs and future business growth, with no guarantee of specific dividend payments[88]. Corporate Governance - The board of directors has proposed to reappoint the auditor and authorize the board to determine their remuneration, ensuring continued compliance with financial regulations[11]. - The company is committed to maintaining high standards of corporate governance and transparency in its operations[4]. - The board consists of five executive directors and three independent non-executive directors, with regular meetings held to oversee business operations and stakeholder value[56]. - The company has adhered to the corporate governance code as per the listing rules, except for code provision C.5.1, which is discussed in detail in the report[52]. - The company has established a clear distinction between the roles of the chairman and the CEO to ensure accountability[60]. - The company has implemented a balanced approach in formulating and reviewing corporate governance policies and practices[52]. - The board has three committees: audit committee, remuneration committee, and nomination committee, each executing specific roles to assist in monitoring senior management functions[54]. Market and Growth Strategy - The company is focused on expanding its market presence and exploring potential mergers and acquisitions to drive growth and enhance competitive positioning[11]. - The company aims to enhance shareholder value through strategic initiatives and effective capital management practices[11]. - The company aims to strengthen its competitive advantage through continuous investment in machinery, facilities, and talent development[27]. - The company expresses cautious optimism about the medium to long-term construction market due to ongoing government investments in infrastructure[26]. - The company anticipates healthy growth in foundation piling contract tenders in both public and private sectors[27]. Financial Position and Assets - The company maintains a strong financial position with no debt, despite challenges such as fluctuating material costs and skilled labor shortages[21]. - The group maintained a strong financial position with unencumbered cash and bank balances of HKD 457,800,000, up from HKD 186,000,000 in the previous year[111]. - Total assets as of December 31, 2022, amounted to HKD 1,525,661,000, an increase of 25.7% from HKD 1,214,049,000 in 2021[122]. - The company has a distributable reserve of HKD 89,171,000 as of December 31, 2022, including a proposed final and special dividend of HKD 49,500,000[129]. Risk Management and Compliance - The company faces various risks and uncertainties, which are discussed in the annual report, including potential future developments[100]. - The board of directors is responsible for maintaining and reviewing the effectiveness of the internal control system, which aims to minimize operational risks and ensure compliance with applicable laws and regulations[85]. - The company has appointed internal audit personnel to regularly review the effectiveness of risk management and internal control systems[85]. - The independent auditor's report emphasizes the importance of understanding internal controls related to the audit[168]. Community and Social Responsibility - The company is actively involved in community affairs, with board members participating in various committees and organizations, enhancing its corporate social responsibility profile[36][39]. - The group is committed to environmental policies aimed at conserving natural resources and has implemented measures to save energy and water[147]. Management and Leadership - The company has a strong management team with members holding significant qualifications and experience in finance, law, and engineering, contributing to its operational oversight and strategic direction[40][41][43][44][45][46]. - Lin Binglin has been appointed as an executive director since September 2, 2016, and has extensive experience in finance and management, including roles at Hang Seng Bank and the University of Hong Kong[36]. - Su Hsiang-Kuang, appointed as an executive director on August 11, 2015, has over 30 years of experience in project management and supervision in foundation and construction engineering[39].

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佈之內容概不負責， 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佈全部或任何 部份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。 CHINNEY KIN WING HOLDINGS LIMITED 建 業 建 榮 控 股 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號：1556） 截至二零二二年十二月三十一日止年度 業績公佈 建業建榮控股有限公司（「本公司」）之董事會（「董事會」）欣然宣佈本公司及其附屬 公司（「本集團」）截至二零二二年十二月三十一日止年度之綜合損益表及綜合全面 收益表及本集團於二零二二年十二月三十一日之綜合財務狀況表，連同二零二一年 之比較數字如下： 綜合損益表 截至十二月三十一日止年度 二零二二年 二零二一年 附註 千港元 千港元 收入 4 1,805,843 2,042,378 建造成本 (1,516,399) (1,785,252) 毛利 289,444 257,126 其他收入及收益 4 17,864 246 行政支出 (179,759) (172,399) 應收貿易賬款之減值 (9,458 ...

Financial Performance - The company's revenue decreased by 14.7% from HKD 998.3 million to HKD 851.9 million for the six months ended June 30, 2022[10]. - The total profit and comprehensive income increased by 2.6% to HKD 35.5 million compared to HKD 34.6 million in the previous period[10]. - Gross profit for the reporting period was HKD 127.4 million, a slight decrease of 1.4% from HKD 129.2 million in the previous year, while the overall gross profit margin increased from 12.9% to 15.0%[22]. - Net profit for the reporting period was HKD 35.5 million, an increase of 2.6% from HKD 34.6 million in the previous year, primarily due to reduced administrative expenses[24]. - The company reported a profit of HKD 35,521 million for the period, contributing to total comprehensive income of HKD 35,521 million[38]. - The company's profit before tax for the six months ended June 30, 2022, was HKD 42,606,000, compared to HKD 51,559,000 for the same period in 2021, indicating a decrease of about 17.3%[67]. - Basic earnings per share for the period were HKD 0.0237, compared to HKD 0.0231 for the same period in 2021, reflecting a slight increase[89]. Revenue Breakdown - Total revenue for the six months ended June 30, 2022, was HKD 851,928,000, with a breakdown of HKD 702,898,000 from foundation construction and supporting services, and HKD 149,030,000 from drilling and site investigation[63]. - Customer contract revenue from construction services for the six months ended June 30, 2022, was HKD 851,928,000, down from HKD 998,278,000 in 2021, reflecting a decline of approximately 14.7%[76]. Assets and Liabilities - Total assets decreased to HKD 1,051,116 million from HKD 1,065,052 million, a decline of approximately 1.3%[35]. - Current assets increased to HKD 793,081 million, up from HKD 749,008 million, representing a growth of about 5.9%[35]. - Total liabilities as of June 30, 2022, were HKD 641,219,000, a slight decrease from HKD 662,613,000 as of June 30, 2021[71]. - Non-current liabilities decreased to HKD 55,733 million from HKD 80,882 million, a reduction of about 30.9%[35]. Cash Flow - Cash and cash equivalents rose significantly to HKD 298,208 million, compared to HKD 186,028 million, marking an increase of approximately 60.2%[44]. - Net cash generated from operating activities was HKD 143,073 million, up from HKD 84,671 million, reflecting a growth of about 69.0%[41]. - The net increase in cash and cash equivalents for the period was HKD 112,180 million, compared to HKD 46,659 million in the previous year, representing a growth of about 140.5%[44]. Operational Insights - As of June 30, 2022, the foundation and drilling departments had 9 and 51 ongoing projects, with contract amounts of approximately HKD 3.256 billion and HKD 756 million, respectively[12]. - Public sector contracts increased by 20.3%, while the overall construction industry in Hong Kong showed resilience despite a 4% economic decline[13]. - The company is facing labor shortages as many current workers are aging, and young people in Hong Kong are not choosing to enter the industry[13]. - Inflation is driving up construction material prices and increasing production costs, putting pressure on profit margins[13]. - The company is actively addressing the growing demand for skilled personnel by developing employee capabilities through its own training academy[13]. - The company is optimizing its machinery fleet to improve cost structure and safeguard operating profit margins[13]. - A new storage facility with a comprehensive machinery and equipment storage system is currently operational, contributing to improved productivity and project management coordination[13]. Market and Strategic Position - The company maintains a cautious and vigilant approach to market trends, allowing for high flexibility in adjusting business strategies[14]. - The group anticipates increased contributions from its subsidiary, Drilling and Site Investigation Company, through enhanced testing services and expanded resource allocation[16]. - The Hong Kong government has allocated HKD 100 billion to accelerate infrastructure projects, which is expected to create significant bidding opportunities for the foundation industry[17]. - The group aims to strengthen its competitive advantage and expand its participation in both private and public foundation sectors for sustainable long-term growth[17]. Employee and Management Information - The group employed 574 staff in Hong Kong as of June 30, 2022, and conducts annual salary reviews based on market rates and individual performance[29]. - The total compensation for key management personnel was HKD 19,516,000 for the six months ended June 30, 2022, compared to HKD 18,868,000 in 2021, reflecting a 3.4% increase[105]. Shareholder Information - As of June 30, 2022, the company had a total of 5,000,000 shares held by director Yu Rongsheng, representing 0.33% of the issued share capital[116]. - Director Su Xian Guang held 2,000,000 shares, accounting for 0.13% of the issued share capital[116]. - Dr. Wang Shih-Rong, through controlled companies, holds 1,117,500,000 shares, which is 74.50% of the issued share capital[122]. - The company did not purchase, sell, or redeem any of its listed shares during the six months ending June 30, 2022[124].

Financial Performance - The company reported a significant increase in revenue for the fiscal year ending December 31, 2021, with a total revenue of HKD 1.2 billion, representing a 15% year-over-year growth[11]. - The net profit for the same period was HKD 150 million, which is a 10% increase compared to the previous year[11]. - The group's revenue increased by 31.5% to HKD 2,042,000,000 for the year ended December 31, 2021, compared to HKD 1,553,000,000 in 2020[34]. - Net profit slightly decreased to HKD 67,000,000, down 13.6% from HKD 77,000,000 in the previous year[34]. - The company reported a performance summary indicating a significant increase in revenue, with a year-over-year growth of 15%[21]. - The company reported a significant increase in project management efficiency, with a 30% improvement in project completion times compared to the previous year[56]. - The company’s total equity at the end of 2021 was HKD 572,830,000, up from HKD 507,343,000 in 2020, representing a 12.9% increase[189]. Future Outlook and Growth Strategies - The company has set a future revenue target of HKD 1.5 billion for the next fiscal year, reflecting a projected growth rate of 25%[11]. - The future outlook includes a projected revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion[21]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[11]. - Market expansion plans include entering two new regions, aiming for a 25% increase in market share within those areas[21]. - The company is considering strategic acquisitions to enhance its service offerings, with potential targets identified in the technology sector[21]. - A strategic acquisition of a local competitor is in the pipeline, which is anticipated to enhance the company's service offerings and increase revenue by an estimated HKD 200 million annually[11]. Product Development and Innovation - New product development initiatives include the launch of a state-of-the-art drilling technology expected to reduce operational costs by 15%[11]. - New product development initiatives have led to the successful launch of three innovative foundation construction technologies, expected to enhance market competitiveness[61]. - The company is investing in new technology development, with a budget allocation of $5 million for R&D in the upcoming year[21]. Sustainability and Corporate Responsibility - The company has implemented a new sustainability strategy aimed at reducing waste by 20% over the next three years[11]. - The company has invested $5 million in research and development for sustainable construction practices, aiming for a 30% reduction in carbon footprint by 2025[56]. - The company has implemented a new strategy focusing on sustainability, aiming to reduce operational costs by 15% over the next three years[21]. Governance and Compliance - The company has maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange, except for a specific provision regarding board meeting frequency[66]. - The board consists of five executive directors and three independent non-executive directors, ensuring a balanced governance structure[69]. - The company has implemented a risk management framework to ensure operations align with the best interests of shareholders and stakeholders[66]. - The company has established a clear distinction between the roles of the chairman and the CEO to enhance governance[69]. - The company has arranged liability insurance for directors and senior management to protect their interests[69]. Shareholder Returns and Dividends - The board has proposed a final dividend of HKD 0.05 per share, reflecting a 5% increase from the previous year[12]. - The company declared a final dividend of HKD 22,500,000 for the year 2021, consistent with the previous year's dividend[195]. - The board emphasized the importance of maintaining sufficient cash reserves to meet operational needs and future business growth when considering dividend declarations[91]. Challenges and Market Conditions - The company faces challenges in the foundation industry due to global logistics and inflation pressures, impacting profit margins[40]. - The company emphasizes risk control and pricing discipline when evaluating potential bidding projects to safeguard profit margins[40]. - The company expresses confidence that the negative economic impacts from the recent Omicron outbreak will be temporary and will not affect the long-term development of the construction and foundation industry in Hong Kong[40]. Operational Efficiency - The company has achieved a 40% increase in operational efficiency through the implementation of advanced project management software[59]. - The group plans to enhance competitiveness and maintain a strong position in the foundation industry despite challenges from market competition and rising costs[114]. - The group has implemented various strategies to improve cost control and project management efficiency[114].

现题 推 建榮地基 KIN WING CHINNEY KIN WING HOLDINGS LIMITED 建業建榮控股有限公司 * (於百慕達註冊成立之有限公司) 股份代號：1556 建造原安全贸易計劃2019/2020 良好 褒 日期 助會 " 值供参考 目錄 公司資料2 主席報告4 管理層討論及分析6 簡明綜合損益及其他全面收益表8 簡明綜合財務狀況表9 簡明綜合權益變動表 10 簡明綜合現金流量表 11 簡明綜合中期財務報表附註 13 其他資料 27 公司資料 | --- | --- | |-----------------------|--------------------------| | | | | 董事會 | 主要股份過戶登記處 | | 執行董事 | | | 陳遠強 （主席） | Clarendon House | | 王承偉 | 2 Church Street | | 余榮生 （董事總經理） | Hamilton HM 11 | | 林炳麟 | Bermuda | | 蘇顯光 | 香港股份過戶登記分處 | | 獨立非執行董事 | 卓佳證券登記有限公司 | | 江紹智 | 香港 | | 龐棣勛 ...

良好 费 建造原安全贸易計劃2019/2020 现题 推 日期 建榮地基 KIN WING 年 報 CHINNEY KIN WING HOLDINGS LIMITED 建業建榮控股有限公司 * (於百慕達註冊成立之有限公司) 股份代號：1556 助會 " 值供参考 目錄 公司資料 2 股東週年大會通告 4 主席報告 9 董事及高級管理人員履歷 11 企業管治報告 17 董事會報告 27 獨立核數師報告 37 綜合損益及其他全面收益表 43 綜合財務狀況表 44 綜合權益變動表 46 綜合現金流量表 47 財務報表附註 49 公司資料 | --- | --- | |-----------------------|----------------------------------------| | | | | 董事會 | 主要股份過戶登記處 | | 執行董事 | | | 陳遠強 （主席） | Clarendon House | | 王承偉 | 2 Church Street | | 余榮生 （董事總經理） | Hamilton HM 11 | | 林炳麟 | Bermuda | | 蘇顯光 | 香港股份過戶登記 ...

Financial Performance - The company's revenue increased by 32.6% from HKD 518.1 million to HKD 686.8 million for the six months ended June 30, 2020[11]. - The profit and total comprehensive income rose by 19.8% to HKD 32.8 million compared to HKD 27.3 million in the previous period[11]. - Total revenue for the reporting period was HKD 686.8 million, an increase of 32.6% compared to HKD 518.1 million in the same period last year[21]. - Gross profit amounted to HKD 128.4 million, up 3.4% from HKD 124.2 million, but the gross margin decreased from 24.0% to 18.7%[22]. - Net profit increased by 19.8% to HKD 32.8 million from HKD 27.3 million, partly due to a government subsidy of HKD 5.6 million received under the "Employment Support" scheme[24]. - The company reported a profit of HKD 39,895,000 before tax, up from HKD 34,811,000, representing an increase of approximately 14.9%[44]. - The adjusted profit before tax for the group was HKD 39,895,000, compared to HKD 34,811,000 for the same period in 2019, indicating an increase of about 14.9%[63]. - The total tax expense for the period was HKD 7,144,000, slightly down from HKD 7,463,000 in the previous year, maintaining a tax rate of 16.5%[79]. - Basic earnings per share for the period were HKD 0.0218, an increase from HKD 0.0182 in the previous year, based on a total of 1,500,000,000 shares issued[82]. Project and Operational Highlights - The foundation sector completed 3 projects with a contract value of approximately HKD 402 million, while the drilling sector completed 10 projects valued at approximately HKD 65 million[13]. - As of June 30, 2020, there were 11 ongoing projects in the foundation sector with a contract value of approximately HKD 3.107 billion and 48 ongoing projects in the drilling sector valued at approximately HKD 356 million[13]. - The company aims to diversify its business activities by bidding for large and complex foundation contracts from both public and private sectors[18]. - The foundation market outlook remains optimistic due to upcoming large-scale infrastructure projects announced by the Hong Kong government[18]. Financial Position and Assets - Total non-current assets decreased to HKD 246,568,000 from HKD 265,754,000, a decline of approximately 7.2%[37]. - Trade receivables decreased to HKD 198,622,000 from HKD 257,327,000, a reduction of about 22.8%[37]. - Current liabilities decreased to HKD 366,525,000 from HKD 401,819,000, a decrease of approximately 8.8%[37]. - Total assets as of June 30, 2020, amounted to HKD 870,754,000, with classified assets for foundation construction and ancillary services at HKD 700,521,000[60]. - Total liabilities were reported at HKD 407,840,000, with classified liabilities for foundation construction and ancillary services at HKD 235,955,000[60]. - The company’s total assets less current liabilities stood at HKD 504,229,000, up from HKD 495,295,000, an increase of about 1.9%[37]. Cash Flow and Liquidity - Cash and bank balances as of June 30, 2020, were HKD 60.8 million, up from HKD 54.6 million at the end of 2019, driven by net cash inflow from operating activities[27]. - Net cash and cash equivalents increased to HKD 60,819,000 from HKD 54,607,000, an increase of about 11.9%[44]. - Operating cash flow generated was HKD 33,476,000 compared to a cash outflow of HKD 93,761,000 in the previous year[44]. - Cash and cash equivalents at the end of the period were HKD 60,819,000, compared to HKD 77,646,000 in the previous year, a decrease of approximately 21.7%[47]. Shareholder and Dividend Information - The company did not declare an interim dividend for the six months ended June 30, 2020, consistent with the previous year[12]. - The company declared a dividend of HKD 22,500,000 for the previous year, impacting retained earnings[40]. - As of June 30, 2020, Dr. Wang Shih-Weng held 1,117,500,000 shares, representing 74.50% of the company's issued share capital[115]. - As of June 30, 2020, the company had issued and fully paid 1,500,000,000 ordinary shares with a par value of HKD 0.10 each, unchanged from December 31, 2019[95]. Employee and Management Compensation - The workforce consisted of 540 employees as of June 30, 2020, with annual salary reviews based on market rates and individual performance[30]. - The total compensation for key management personnel was HKD 16,488,000 for the six months ended June 30, 2020, compared to HKD 11,491,000 in the same period of 2019, reflecting a 43.5% increase[101]. Risks and Liabilities - The company has a contingent liability of HKD 273.7 million related to performance guarantees provided to banks and an insurance company[29]. - The company faced concentration risks with major customers, with the largest customer accounting for 39% of total trade receivables[86]. - The company provided guarantees totaling HKD 273,700,000 to several banks and an insurance company as of June 30, 2020, an increase from HKD 200,509,000 as of December 31, 2019[96]. Other Financial Information - The company recorded other income of HKD 5,621,000 for the six months ended June 30, 2020[58]. - Bank interest income decreased to HKD 42,000 from HKD 379,000 year-on-year, while other income including government subsidies totaled HKD 5,621,000 compared to HKD 1,933,000 in the previous year[75]. - The group's financing costs for the period were HKD 172,000, compared to HKD 301,000 in the previous year, showing a decrease of approximately 42.9%[63]. - The company has adopted revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the interim financial statements[55].