52周新高排行 | 股票名称 | 收盘价 | 最高价 | 创高率 | | --- | --- | --- | --- | | 景联集团(01751) | 0.510 | 0.840 | 40.00% | | 中国稀土(00769) | 0.680 | 0.690 | 23.21% | | 友谊时光(06820) | 1.180 | 1.180 | 22.92% | | 森浩集团(08285) | 0.035 | 0.038 | 22.58% | | 玮俊生物科技(00660) | 0.169 | 0.199 | 17.06% | | 中国白银集团(00815) | 0.510 | 0.540 | 16.13% | | 金斯瑞生物科技(01548) | 16.980 | 17.140 | 13.66% | | 帝王实业控股(01950) | 0.350 | 0.425 | 13.33% | | 布鲁可(00325) | 193.300 | 198.000 | 13.14% | | 诺诚健华(09969) | 13.160 | 13.720 | 12.64% | | 阿里影业(01060) | 1.060 | 1 ...

| (03004) | | | | | --- | --- | --- | --- | | 江苏宁沪高速公路 | 10.440 | 10.520 | 0.57% | | (00177) | | | | | 嘉里建设(00683) | 18.880 | 19.360 | 0.57% | | 万洲国际(00288) | 7.280 | 7.350 | 0.55% | | 港灯－ＳＳ(02638) | 5.720 | 5.780 | 0.52% | | 富邦沪深港高股息 | 14.460 | 14.490 | 0.49% | | (03190) | | | | | ＧＸ０３月债－Ｕ | 7.040 | 7.040 | 0.43% | | (09440) | | | | | 农业银行(01288) | 5.150 | 5.160 | 0.39% | | 中国财险(02328) | 15.560 | 15.560 | 0.39% | | 恒隆集团(00010) | 11.360 | 11.380 | 0.35% | | 贤能集团(01730) | 3.020 | 3.020 | 0.33% | | 粤港湾控股(0139 ...

Business Expansion and Operations - The company has expanded its interior decoration engineering business to Macau, China, and Singapore since 2005, 2017, and 2021 respectively[3]. - The company has undertaken multiple large-scale interior decoration projects across Hong Kong, Macau, Singapore, and China, ensuring timely completion within budget[3]. - The company is involved in the manufacturing of interior decoration materials in China and engages in procurement and distribution in international markets[3]. - The company has established a strong presence in the interior decoration sector, being one of the leading contractors in the region[3]. - The company completed 46 interior decoration projects with a total contract value of HKD 4,488.9 million, showcasing strong client confidence in the company's ability to maintain high-quality project standards[18]. - The interior decoration business generated revenue of HKD 5,992.4 million, an increase of HKD 542.1 million or 9.9% year-on-year[36]. - The total contract value of completed interior decoration projects was HKD 4,488.9 million, with HKD 1,414.7 million recognized as revenue during the year[36]. - The group completed a total of 46 interior decoration projects, including 15 in Hong Kong, 4 in Macau, 1 in Singapore, and 26 in China[36]. Financial Performance - The company's revenue for the year was HKD 5,996.8 million, an increase from HKD 5,461.3 million in the previous year, representing an increase of approximately 9.8%[17]. - The net profit for the year was HKD 320.8 million, slightly down from HKD 330.3 million in the previous year, indicating a decrease of about 4.5%[17]. - Basic and diluted earnings per share were HKD 0.1486, compared to HKD 0.1530 in the previous year, reflecting a decrease of approximately 2.9%[17]. - The gross profit rose by HKD 104.0 million or 14.9% to HKD 800.2 million, with a gross profit margin increasing to 13.3% from 12.7% in the previous year[42]. - The gross profit from the interior decoration business increased by HKD 114.1 million or 16.4% to HKD 810.9 million, with a gross profit margin of 13.5%[37]. - The group reported a net profit of HKD 320.8 million, a decrease of HKD 9.5 million or 2.9% from HKD 330.3 million in the previous year[44]. Corporate Governance - The company emphasizes corporate governance and compliance with the relevant regulations and codes[4]. - The company has a diversified board of directors with recent changes, including the appointment of new independent non-executive directors in 2024[5]. - The board consists of nine members, including five executive directors, one non-executive director, and three independent non-executive directors as of December 31, 2024[84]. - The company continues to integrate effective corporate governance elements into its management structure and internal procedures[79]. - The company has maintained high levels of corporate governance and has established policies and procedures to comply with the principles of the corporate governance code[81]. - The company has established mechanisms to ensure the board receives independent views and opinions, including consultations with external professional advisors[90]. - The company has adopted a standard code of conduct for securities trading, confirming compliance throughout the year[83]. - The board has delegated daily operations to the executive directors and management, while retaining approval rights for major strategic decisions[88]. Economic Outlook and Market Conditions - Hong Kong's GDP is expected to grow by 2.5% in 2024, with a nominal value of completed construction projects reaching HKD 77.8 billion, a year-on-year increase of 9.4%[31]. - Macau's GDP is projected at MOP 403.3 billion for 2024, with a real growth of 8.8%, and gaming revenue expected to reach MOP 226.8 billion, a year-on-year increase of 23.9%[32]. - Singapore's GDP is anticipated to grow by 4.4% in 2024, with the construction industry showing a growth of 4.5% driven by major infrastructure projects[33]. - In China, the real estate development investment is projected to decline by 10.6% to CNY 10,028 billion in 2024, with residential property investment down by 10.5%[33]. - The Hong Kong government plans to lift residential property sales restrictions starting February 28, 2024, to stabilize the real estate market[22]. - Macau's government is implementing multiple policies to enhance tourism, including expanding the "Individual Visit" scheme to 59 cities in China[22]. - The company remains optimistic about the positive impact of Singapore's economic outlook on the interior decoration industry[24]. - The company will closely monitor national policies and market developments in China to adjust its business strategies accordingly[25]. Risk Management and Compliance - The company has established a comprehensive risk management framework to address key environmental, social, and governance factors, including energy consumption and environmental pollution[146]. - The risk management team conducts annual assessments of risks impacting business objectives, scoring and prioritizing them based on likelihood and impact[125]. - The company has a policy in place to ensure timely public disclosure of inside information, maintaining confidentiality until such disclosure is appropriate[127]. - The company has established an audit committee to review financial statements and provide recommendations regarding the appointment and dismissal of external auditors[99]. - The audit committee has reviewed the risk management and internal control systems, as well as the financial reporting system[101]. - The board monitors compliance with legal and regulatory requirements, ensuring adherence to governance policies[124]. Employee and Community Engagement - The company emphasizes employee development through on-the-job training, external training, and onboarding training[199]. - The company has established a comprehensive training mechanism tailored to employees' entry time and job nature[199]. - The company actively engages in community service and charitable activities, enhancing its social responsibility profile[152]. - The company focuses on maintaining strong labor relations and promoting mental health through various employee engagement activities[157]. - The company has implemented measures to ensure fair handling of personal data, requiring customer consent for data collection[157]. - The company has established a zero-tolerance policy towards misconduct, reinforcing its commitment to ethical business practices[160]. Sustainability and Environmental Responsibility - The company has obtained ISO 45001 certification for occupational health and safety, demonstrating its commitment to providing a safe working environment[157]. - The company has established a dedicated environmental and safety management committee to assist management in addressing related challenges[147]. - The company has identified 34 key environmental, social, and governance (ESG) issues relevant to its operations through stakeholder engagement[152]. - The importance assessment matrix ranked issues based on their impact on business activities and stakeholder concerns, guiding the company's sustainability efforts[157]. - The company has set sustainability goals and action plans for 2024, which have been achieved and reviewed by management[145].

Financial Performance - Revenue for the year ended December 31, 2024, was HKD 5,996.8 million, representing a 9.8% increase from HKD 5,461.3 million in 2023[4] - Gross profit increased by 14.9% to HKD 800.2 million, with a gross margin of 13.3%, up from 12.7% in the previous year[4] - Profit attributable to owners of the company decreased by 2.9% to HKD 320.8 million, compared to HKD 330.3 million in 2023[4] - Basic and diluted earnings per share were HKD 14.86, down from HKD 15.30, reflecting a 2.9% decline[4] - The group reported a profit before tax of HKD 389,274,000 for the year, reflecting the overall performance of its business segments[24] - The profit before tax for the year was HKD 384,897,000, reflecting the profitability of the company's operations[28] - The company reported a net profit decrease of HKD 9.5 million or 2.9% to HKD 320.8 million[72] Revenue Breakdown - Revenue from interior decoration contracts was HKD 5,992,431,000, up from HKD 5,450,273,000 in the previous year, indicating a growth of about 9.9%[18] - The group's external revenue from the Hong Kong market was HKD 2,017,394,000, while the revenue from the China market was HKD 2,356,810,000[24] - The total revenue from the Macau market was HKD 261,684,000, and from Singapore was HKD 1,356,543,000, contributing to the overall revenue growth[24] - The total revenue from the Singapore segment was HKD 1,356,543,000, showing growth from HKD 1,157,365,000 in the previous year[29] - The group's revenue from interior decoration business increased by HKD 542.1 million or 9.9% to HKD 5,992.4 million, primarily due to multiple large-scale projects in Macau and Singapore[62] Expenses and Costs - The total employee costs amounted to HKD 512,461,000, slightly up from HKD 502,457,000 in the previous year, reflecting the company's investment in human resources[37] - Research and development expenses increased to HKD 95,872,000 in 2024 from HKD 82,893,000 in 2023, highlighting the company's commitment to innovation[37] - The group reported a significant decline in revenue from renovation and construction business, decreasing by HKD 8.1 million or 77.1% to HKD 2.4 million due to no new tenders being submitted[64] - The group experienced a gross loss of HKD 10.9 million in the renovation and construction business, with a gross loss margin of 454.2% attributed to additional costs from correcting project defects[64] Dividends - The board recommended a final dividend of HKD 0.06 per share and a special dividend of HKD 0.14 per share[4] - The company plans to distribute a final dividend of HKD 0.06 per share and a special dividend of HKD 0.14 per share, totaling HKD 431,642,000, pending shareholder approval[39] - The company plans to pay a final dividend of HKD 0.06 per share and a special dividend of HKD 0.14 per share, totaling HKD 431.6 million, with the final dividend accounting for 40.4% of the profit available for distribution during the year[102] Assets and Liabilities - Total assets less current liabilities amounted to HKD 3,746.8 million, compared to HKD 3,450.1 million in 2023, indicating growth[10] - Non-current assets were valued at HKD 599.2 million, an increase from HKD 547.4 million in the previous year[9] - Current liabilities decreased to HKD 2,454.6 million from HKD 2,913.3 million, showing improved liquidity[10] - The company's accounts payable decreased to HKD 2,188,662,000 in 2024 from HKD 2,605,838,000 in 2023, a reduction of 16.0%[50] - The group's net current assets increased by HKD 244.9 million to HKD 3,147.6 million as of December 31, 2024[80] Market Outlook - The company anticipates a real GDP growth of 2.5% in Hong Kong for 2024[52] - The company has noted significant economic pressure in Hong Kong due to global economic uncertainties and changing consumer patterns[52] - The outlook for 2025 anticipates continued economic challenges, impacting Hong Kong's economic prospects, with government initiatives aimed at promoting tourism and creative industries[91] - The company anticipates that the demand for interior decoration will increase as the Chinese real estate market improves[98] Corporate Governance - The company has adopted the corporate governance code as per the listing rules and has consistently adhered to its principles, with one independent non-executive director absent from the annual general meeting due to other commitments[106] - The board has confirmed compliance with the standard code for securities trading throughout the year, with no incidents of non-compliance reported by employees with insider information[107] - The audit committee, composed of three independent non-executive directors, has reviewed the group's financial statements and accounting policies for the year[108] - The group's auditor has confirmed that the financial figures in the preliminary announcement are consistent with the audited financial statements[110] Strategic Initiatives - The company aims to enhance its contract execution capabilities to attract more quality clients and secure long-term stable orders, maintaining ideal profit levels[101] - The company is actively exploring opportunities in high-end interior decoration projects in Singapore, leveraging its expertise and industry experience[96] - The company will optimize its business layout in response to various market characteristics, particularly in regions along the Belt and Road Initiative[100] - The company will maintain a prudent financial policy to ensure competitiveness and resilience amid economic challenges, promoting sustainable growth[101]

Economic Growth - For the six months ended June 30, 2024, Hong Kong's GDP grew by 2.7% year-on-year, benefiting from an increase in visitor numbers and growth in tourism and transport services [7]. - Macau's GDP experienced a significant year-on-year growth of 25.7% in Q1 2024, driven by a 79.4% increase in inbound tourists [7]. - In mainland China, the GDP for the first half of 2024 was estimated at RMB 61,683.6 billion, with a year-on-year growth of 5.0% [8]. Construction and Real Estate - The nominal value of construction works completed by major contractors in Hong Kong reached HKD 68.7 billion in Q1 2024, representing an 8.7% year-on-year increase [7]. - The nominal value of private construction works completed in Q1 2024 was HKD 21.8 billion, marking a 20.8% year-on-year growth [7]. - The construction industry in China saw a total output value of RMB 13,831.2 billion in the first half of 2024, growing by 4.8% year-on-year [8]. - Real estate development investment in China decreased by 10.1% year-on-year to RMB 5,252.9 billion in the first half of 2024 [8]. - The total construction area of properties under development in China was 6,968.2 million square meters, down 12.0% year-on-year [8]. Company Financial Performance - The group's revenue increased by HKD 630.9 million or 29.5% to HKD 2,766.1 million for the period, compared to HKD 2,135.2 million in the previous period [15]. - The gross profit rose by HKD 113.3 million or 41.7% to HKD 384.9 million, with a gross margin increase to 13.9% from 12.7% [15]. - The profit for the period increased by HKD 53.6 million or 47.2% to HKD 167.2 million, compared to HKD 113.6 million in the previous period [17]. - Basic and diluted earnings per share rose to HKD 0.0775, an increase of HKD 0.0249 or 47.3% year-on-year [18]. - The company recorded a net loss of HKD 27.8 million in other income, primarily due to an increase in fair value losses on financial assets [16]. Business Operations - Approximately 99.9% of the group's revenue during the period was derived from interior decoration business [9]. - The interior decoration business generated revenue of HKD 2,762.9 million, a year-on-year increase of HKD 639.1 million or 30.1% [12]. - The number of ongoing projects as of June 30, 2024, totaled 162, with a total contract value of HKD 12,092.3 million and remaining work value of HKD 5,895.9 million [12]. Assets and Liabilities - As of June 30, 2024, the group's net current assets amounted to HKD 3,043.2 million, an increase of HKD 140.5 million from HKD 2,902.7 million on December 31, 2023 [24]. - The current ratio improved to 1.9 times as of June 30, 2024, compared to 1.8 times on December 31, 2023 [25]. - Total debt to equity ratio increased to 0.9% as of June 30, 2024, from 0.01% on December 31, 2023, primarily due to an increase in bank borrowings [25]. - The company's total liabilities decreased from HKD 1,000,000,000 to HKD 900,000,000, indicating improved financial stability [60]. Market and Strategic Initiatives - The company aims to leverage the integration opportunities in the Greater Bay Area to enhance its market share in Hong Kong and Macau [35]. - The company will explore project expansion opportunities in mature Southeast Asian markets, driven by the Belt and Road Initiative [35]. - The company plans to analyze macroeconomic conditions and national policies to focus on high-quality domestic projects [34]. - The company will continue to adapt its business model to the changing macroeconomic environment and maintain its leadership position in the market [35]. Governance and Compliance - The audit committee has reviewed the interim report and discussed the accounting principles and policies adopted by the group [52]. - The company has complied with the corporate governance code principles during the period, with minor deviations noted [49]. - The board composition was temporarily non-compliant with listing rules until the appointment of a new independent non-executive director on July 19, 2024 [51]. Cash Flow and Investments - The net cash used in operating activities for the six months ended June 30, 2024, is HKD (235,242,000), compared to HKD (217,574,000) for the same period in 2023, indicating a decline in cash flow from operations [63]. - The net cash generated from investing activities for the six months ended June 30, 2024, is HKD 310,918,000, a significant recovery from HKD (385,340,000) in the previous year [63]. - The company has plans for market expansion and new product development, although specific figures and timelines were not disclosed in the report [56]. Shareholder Information - The company has issued 2,158,210,000 shares as of June 30, 2024 [41]. - The company's share option plan allows for the issuance of a total of 200,000,000 shares, representing approximately 9.27% of the total shares issued at the beginning and end of the period [43]. - No interim dividend has been recommended by the board for the reporting period [36].

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 2,766.1 million, representing a 29.5% increase from HKD 2,135.2 million in the same period of 2023[1] - Gross profit for the same period was HKD 384.9 million, up 41.7% from HKD 271.6 million year-on-year[1] - The profit attributable to the company's owners for the six months ended June 30, 2024, was HKD 167.2 million, a 47.2% increase compared to HKD 113.6 million in the previous year[2] - Basic and diluted earnings per share increased to HKD 7.75, up 47.3% from HKD 5.26 in the prior period[3] - The company reported a net profit before tax of HKD 214.6 million for the period, compared to HKD 146.6 million in the previous year[2] - The group recorded a net other loss of HKD 27.8 million, primarily due to an increase in fair value losses on financial assets[44] - Net profit for the period increased by HKD 53.6 million or 47.2% to HKD 167.2 million[45] Assets and Liabilities - Total equity attributable to the company's owners as of June 30, 2024, was HKD 3,596.4 million, reflecting a 4.5% increase from HKD 3,442.3 million at the end of 2023[1] - The total assets as of June 30, 2024, were HKD 6,346.7 million, compared to HKD 6,701.1 million at the end of 2023[4] - Current liabilities decreased to HKD 3,303.4 million from HKD 3,798.4 million at the end of 2023[4] - The net current assets as of June 30, 2024, were HKD 3,043.2 million, an increase from HKD 2,902.7 million at the end of 2023[5] - Trade receivables (net value) as of June 30, 2024, were HKD 1,802,362,000, an increase from HKD 1,585,762,000 as of December 31, 2023, indicating growth in receivables[22] - The total amount of trade receivables aged over 90 days increased to HKD 807,408,000 as of June 30, 2024, compared to HKD 547,213,000 in the previous year, suggesting potential collection issues[24] - The total accounts payable and other payables were HKD 2,197,499, a decrease of 15.7% from HKD 2,605,838 on December 31, 2023[33] Revenue Breakdown - Revenue from interior decoration contracts was HKD 2,762,909 for the six months ended June 30, 2024, compared to HKD 2,123,795 for the same period in 2023, reflecting a growth of about 30.1%[10] - The total external revenue from the Hong Kong market was HKD 1,078,457 for the six months ended June 30, 2024, compared to HKD 738,506 for the same period in 2023, marking a growth of around 46%[12] - The group’s revenue from the Macau market was HKD 41,867 for the six months ended June 30, 2024, compared to HKD 18,434 for the same period in 2023, representing a growth of approximately 127.5%[10] - The group’s revenue from Singapore was HKD 734,305 for the six months ended June 30, 2024, compared to HKD 473,992 for the same period in 2023, reflecting an increase of about 55%[10] - The group’s revenue from China was HKD 908,280 for the six months ended June 30, 2024, compared to HKD 892,863 for the same period in 2023, indicating a slight increase of around 1.7%[10] - The group’s total revenue from construction and renovation projects was HKD 3,010 for the six months ended June 30, 2024, down from HKD 11,041 for the same period in 2023, representing a decline of approximately 72.7%[9] Dividends and Shareholder Returns - The company does not recommend the payment of an interim dividend for the period[1] - The board does not recommend the payment of an interim dividend during the period[61] Market and Economic Conditions - The Hong Kong economy experienced a moderate growth of 2.7% year-on-year in Q1 2024, driven by increased visitor numbers and growth in travel and transportation services[35] - Macau's GDP is projected to grow by 25.7% year-on-year in Q1 2024, driven by a 65.5% increase in total gaming revenue[36] - The total number of visitors to Macau in Q1 2024 increased by 79.4% year-on-year to 8.9 million[36] - The Chinese government's measures are expected to bring an additional shopping consumption of HKD 8.8 billion to HKD 17.6 billion annually for Hong Kong, along with an economic value added of HKD 2.7 billion to HKD 5.4 billion[58] - The anticipated easing of interest rate policies by the US Federal Reserve is expected to positively impact the Hong Kong property market[58] Operational Efficiency - The group has implemented strict cost management to optimize resource utilization and efficiency[38] - The company plans to focus on high-quality domestic projects and cautiously develop its business in response to macroeconomic conditions and national policies[60] - The group aims to optimize its business layout and improve management models to adapt to the challenging external environment[61] Employee and Workforce - The total employee costs for the group increased by HKD 27.5 million or 13.0% year-on-year to HKD 239.1 million, up from HKD 211.6 million in the previous period[57] - The group has 1,757 employees as of June 30, 2024, down from 1,782 employees as of December 31, 2023[57] Compliance and Governance - The company has adhered to the corporate governance code and has confirmed compliance with the standards for securities trading by directors[62] - The interim financial results have been reviewed by the board's audit committee, ensuring adherence to accounting principles and policies[62] - No significant events have occurred post-reporting period that would materially affect the group's operational and financial performance[56]

Corporate Governance - The board of directors consists of nine members, including five executive directors, one non-executive director, and three independent non-executive directors as of December 31, 2023[2]. - The board held a total of 15 meetings during the year, with 4 being regular meetings[3]. - Executive directors attended all 15 board meetings, demonstrating full engagement in governance[4]. - The company has an independent management team led by experienced senior management, ensuring effective execution of business strategies[2]. - The company has a clear governance structure, with specific powers delegated to management while retaining key strategic decisions for board approval[2]. - The board's oversight includes monitoring the execution of policies and strategies, ensuring alignment with the overall business plan[2]. - The company emphasizes the importance of regular board meetings, adhering to corporate governance codes[3]. - The independent non-executive directors play a crucial role in the audit and nomination committees, contributing to the company's governance[6][7]. - The company is committed to maintaining high standards of corporate governance and transparency in its operations[2]. - The company continues to integrate effective corporate governance elements into its management structure and internal procedures[12]. - The company has established policies and procedures that comply with the corporate governance code principles[14]. - The company has maintained high levels of corporate governance and has applied the principles of the corporate governance code throughout the year[15]. Financial Performance - The group's revenue for the year was HKD 5,461.3 million, an increase of 16.7% from HKD 4,678.6 million in the previous year[53]. - The net profit for the year was HKD 330.3 million, up 15.0% from HKD 287.5 million in the previous year[53]. - Basic and diluted earnings per share were HKD 0.1530, compared to HKD 0.1332 in the previous year[53]. - The group's total revenue increased by HKD 782.7 million or 16.7% to HKD 5,461.3 million (previous year: HKD 4,678.6 million), while gross profit rose by HKD 32.5 million or 4.9% to HKD 696.2 million (previous year: HKD 663.7 million)[65]. - The gross profit margin decreased to 12.7% from 14.2% in the previous year, primarily due to changes in the interior decoration business[65]. - The group recorded net other income of HKD 22.1 million, a decrease from HKD 30.6 million in the previous year, primarily due to increased losses from fair value changes of financial assets[91]. - The group's profit for the year increased by HKD 42.8 million or 14.9% to HKD 330.3 million, consistent with the growth in gross profit[92]. - Basic and diluted earnings per share for the year were HKD 0.1530, an increase of HKD 0.0198 or 14.9% compared to the previous year[93]. Market Presence and Operations - The company has expanded its interior decoration engineering business to Macau, China, and Singapore since 2005, 2017, and 2021 respectively[37]. - The company is a leading integrated interior decoration contractor in Hong Kong, Macau, China, and Singapore, specializing in commercial buildings, hotels, and residential properties[37]. - The company has undertaken multiple large-scale interior decoration projects in Hong Kong, Macau, China, and Singapore[26]. - The group operates a manufacturing base and R&D center in Dongguan, China, with a total building area exceeding 40,000 square meters, producing fire-resistant wooden doors and wooden furniture[63]. - The group is engaged in integrated interior decoration projects primarily in Hong Kong, Macau, Singapore, and China, with global operations in manufacturing, procurement, and distribution of interior decoration materials[64]. - The group plans to actively seek opportunities in large and high-end interior decoration projects in Macau, driven by a projected increase in non-gaming investments[138]. - The group will continue to monitor market developments in Hong Kong, Macau, Singapore, and China closely, while gradually expanding into overseas markets like Singapore[139]. Risk Management - The company has a comprehensive risk management framework in place, with board members possessing extensive experience in risk consulting and management accounting[22]. - The group faces various business risks and challenges, including reliance on a few major customers, which could significantly impact its business and financial condition if these customers are lost[64]. - The group's financial management principles emphasize minimizing financial and operational risks, relying primarily on internally generated funds for business operations[123]. Environmental, Social, and Governance (ESG) - The company has a commitment to environmental, social, and governance (ESG) reporting and practices[22]. - The company aims to reduce paper and toner consumption by at least 5% and has achieved a reduction of over 53% in paper and toner usage[170]. - The company has implemented policies to manage waste and emissions, adhering to various environmental regulations across regions[169]. - The group aims to lower electricity consumption and greenhouse gas emissions by at least 5%[190]. - The group has committed to using energy-efficient appliances and equipment to manage potential climate change risks[178]. - The group strictly adheres to regulations regarding wastewater disposal, ensuring no direct discharge of pollutants into open water bodies[196]. Employee Management and Training - The total employee cost for the year decreased by HKD 11.0 million or 2.1% to HKD 502.5 million, attributed to an 8.3% decline in average employee numbers[136]. - The overall employee training participation rate decreased to 5.85% in 2023 from 6.51% in 2022, with 1,241 employees trained compared to 1,509 the previous year[164]. - The training participation rate for male employees was 6.33% in 2023, down from 6.93% in 2022, while female participation decreased to 3.81% from 4.72%[164]. - The average training hours per employee decreased to 0.56 hours in 2023 from 0.72 hours in 2022, reflecting a decline of about 22.2%[186]. - The company emphasizes employee well-being through various activities, promoting work-life balance and social connections[165]. Future Outlook - The outlook for 2024 anticipates a slow recovery in the global economy, with various government measures expected to positively impact the property market in Hong Kong[108]. - For 2024, the group aims to align its development plans with national and regional strategies, focusing on opportunities from the Guangdong-Hong Kong-Macao Greater Bay Area and the Belt and Road Initiative[139]. - The group plans to explore new development models and opportunities while maintaining strict cost control measures in response to ongoing business challenges[80].

Financial Performance - Revenue for the year ended December 31, 2023, was HKD 5,461.3 million, representing a 16.7% increase from HKD 4,678.6 million in 2022[7] - Gross profit for 2023 was HKD 696.2 million, with a gross margin of 12.7%, down from 14.2% in 2022[7] - Profit attributable to owners of the company increased by 14.9% to HKD 330.3 million from HKD 287.5 million in the previous year[7] - The company reported a basic and diluted earnings per share of HKD 15.30, up from HKD 13.32 in 2022, reflecting a 14.9% increase[7] - The company’s total assets as of December 31, 2023, were reported at HKD 2,195,466, an increase from HKD 2,000,813 in 2022[140] - The company reported total liabilities (bank borrowings) to equity ratio of 0.01% as of December 31, 2023, down from 0.02% in 2022[106] - The company’s financing costs decreased to HKD 834 from HKD 1,118 in the previous year, reflecting improved financial management[138] - The group reported a profit before tax of HKD 384,897,000 for 2022, with a significant increase in tax expenses to HKD 58,507,000 in 2023 from HKD 45,908,000 in 2022[181] Assets and Liabilities - Total assets less current liabilities amounted to HKD 3,450.1 million, compared to HKD 3,259.3 million in 2022[11] - The company’s non-current assets decreased to HKD 231.2 million from HKD 323.0 million in 2022[4] - Trade and other payables increased to HKD 2,913.3 million from HKD 2,626.4 million in 2022[4] - The total value of trade receivables (gross) was HKD 3,202.0 million in 2023, compared to HKD 2,994.3 million in 2022[85] - As of December 31, 2023, the accounts payable and other payables amounted to HKD 2,123.5 million, up from HKD 1,863.6 million as of December 31, 2022[192] Revenue Sources - The group reported external revenue of HKD 4,678,627 for the year, with a segment profit of HKD 381,123[48] - Revenue from interior decoration contracts for 2023 was HKD 5,450,273,000, representing an increase of 18.4% compared to HKD 4,605,440,000 in 2022[171] - The increase in revenue is primarily attributed to multiple large-scale interior decoration projects in Hong Kong and Singapore, generating an additional HKD 1,762.9 million[196] - The group’s revenue from the interior decoration business increased by HKD 844.9 million or 18.3% to HKD 5,450.3 million, compared to HKD 4,605.4 million in the previous year[196] Cash Flow and Dividends - Cash and cash equivalents increased to HKD 1,876.7 million from HKD 1,527.7 million in 2022[4] - The company did not recommend the payment of a final dividend for the year[7] - The company declared a final dividend of HKD 0.06 per share for 2022, down from HKD 0.07 per share in 2021[55] Operational Highlights - The company completed a total of 19 interior decoration projects during the year, with a total contract value of 1,764.2 million HKD, of which 423.4 million HKD was recognized as revenue[66] - As of December 31, 2023, the company had 66 ongoing projects with a total contract value of 10,288.3 million HKD and remaining work value of 5,670.5 million HKD[66] - The company’s employee costs decreased by 11.0 million HKD or 2.1% to 502.5 million HKD, primarily due to an 8.3% reduction in average headcount[80] - The company aims to expand into overseas markets such as Singapore and align its development plans with national and regional strategies to leverage opportunities from the Greater Bay Area and Belt and Road initiatives[82] Market Conditions - The number of visitors to Macau in 2023 was approximately 28.2 million, averaging 77,000 visitors per day, which is 70% of the levels seen in 2019[64] - The total gaming revenue in Macau for 2023 was 183.1 billion MOP, reflecting a year-on-year increase of 333.8%[64] - The overall business environment faces significant challenges due to global trade friction and geopolitical uncertainties, impacting the interior decoration industry[195] - The Hong Kong economy showed a real GDP growth of 3.2% in 2023, despite facing global political tensions and rising interest rate pressures[92] Future Outlook - The company anticipates a slow recovery of the global economy in 2024, with complex geopolitical situations potentially hindering growth in Hong Kong[110] - The company is focusing on expanding domestic demand to foster a virtuous cycle of consumption and investment, aiming for sustained growth post-pandemic[111] - The company expects the Federal Reserve may lower interest rates, which could boost public confidence in the real estate market in Hong Kong[110] Governance and Compliance - The company is committed to maintaining high levels of corporate governance to ensure stable and transparent operations, which is crucial for attracting investments and creating shareholder value[126] - The company has adhered to the corporate governance code and confirmed compliance with the standards for securities trading by its directors[114] - The company’s audit committee has reviewed the financial principles and policies adopted during the year, ensuring consistency with the audited financial statements[115]

期內，按公允值計入損益的金融資產公允值變動收益淨額3,118,000港元（截至2022年6月30日止六個月：虧損淨 額3,099,000港元）於損益確認。 應收票據（扣除信用損失撥備）的賬齡如下： 於2023年6月30日及2022年12月31日，其他應收款項指已付同系附屬公司按金及應收同系附屬公司租金。 於報告期末，應付貿易賬款及其他應付款項包括未付貿易金額及日常經營成本。貿易採購的信貸期為7至45日。 於2022年12月31日，其他應付款項指應付予一間同系附屬公司的辦公室租賃物業裝修款項及預收一間同系附屬 公司的租金收入。結餘已於本期間結算或動用。 本附註載列有關本集團如何釐定各種金融資產及金融負債的公允值的資料。 於損益確認的公允值變動收益 800 於2023年6月30日及2022年12月31日，若干履約保函及若干投標保函已由若干已抵押銀行存款作抵押。 主要管理人員的薪酬乃由本公司董事經考慮個人及本集團的表現後釐定。 非流動資產 20,812 18,438 2023年中期報告 承達集團有限公司 32 本集團給予應收關聯公司貿易賬款為期30日的信貸期。於2023年6月30日及2022年12月31日，根據發票 ...

Financial Performance - The company reported a pre-tax profit of HKD 146,639,000 for the period[1]. - Total external revenue reached HKD 2,135,173,000, with segment profits amounting to HKD 144,092,000[2]. - The company incurred a loss from an associated company of HKD 5,807,000[5]. - For the six months ending June 30, 2022, total external revenue was HKD 2,039,646,000, with segment profits of HKD 137,810,000[6]. - The company reported a pre-tax profit of HKD 117,312,000 for the same period[5]. - The group's revenue for the six months ended June 30, 2023, was HKD 2,135,173, a slight decrease of 0.4% compared to HKD 2,039,646 for the same period in 2022[20]. - Revenue from interior decoration contracts was HKD 2,123,795, an increase of 5.9% from HKD 2,006,332 in the previous year[20]. - Profit attributable to owners of the company increased by 18.2% to HKD 113.6 million, compared to HKD 96.1 million in the prior period[33]. - The company reported a pre-tax profit of HKD 146.64 million for the period, compared to HKD 117.31 million in the previous year[51]. - Tax expenses for the period totaled HKD 33.45 million, up from HKD 18.91 million in the same period last year[57]. - The company declared a dividend of 6 HKD per share for the year-end 2022, down from 7 HKD per share in 2021[63]. Revenue and Earnings - The basic and diluted earnings per share for the period were HKD 0.09[14]. - Basic and diluted earnings per share rose to HKD 5.26, up from HKD 4.45, reflecting an 18.2% increase[33]. - Other income for the six months ended June 30, 2023, was HKD 23.64 million, significantly higher than HKD 14.17 million in the same period last year[39]. - Interest income increased to HKD 18.29 million from HKD 7.05 million, while rental income rose to HKD 3.36 million from HKD 1.26 million[39]. Assets and Liabilities - The total non-current assets as of June 30, 2023, amounted to HKD 566,577, a marginal increase from HKD 564,436 as of December 31, 2022[16]. - Current assets increased to HKD 5,704,912 from HKD 6,128,365, reflecting a decrease of 6.9%[16]. - The company's equity attributable to owners decreased to HKD 3,204,666 from HKD 3,247,628, a decline of 1.3%[16]. - The total liabilities decreased to HKD 3,214,012 from HKD 3,259,266, indicating a reduction of 1.4%[16]. - The company reported a net current asset value of HKD 2,647,435, down from HKD 2,694,830, a decrease of 1.8%[16]. - As of June 30, 2023, trade receivables amounted to 780,373,000 HKD, a decrease of 15.3% from 921,301,000 HKD as of December 31, 2022[66]. - The company's total liabilities decreased to 2,266,748,000 HKD as of June 30, 2023, from 2,626,377,000 HKD as of December 31, 2022[74]. - The group's net current assets as of June 30, 2023, were HKD 2,647.4 million, a decrease of HKD 47.4 million from HKD 2,694.8 million recorded on December 31, 2022[140]. Business Operations - The company has a strategy focused on interior decoration engineering and construction projects across multiple regions[9]. - The company recognizes revenue based on the completion stage of contracts, which impacts the timing of revenue recognition[9]. - The company has a diversified business model that includes manufacturing, procurement, and distribution of interior decoration materials[9]. - The company completed a total of 8 interior decoration projects during the period, with a total contract value of 605.8 million HKD, of which 80.0 million HKD was recognized as revenue[79]. - The company reported a 60.4% decrease in revenue from renovation and construction activities, down to 11.0 million HKD from 27.8 million HKD in the previous period[81]. - As of June 30, 2023, the company had 57 ongoing projects with a total contract value of 8,802.3 million HKD and remaining work value of 5,845.3 million HKD[79]. - The company expanded its interior decoration business to Singapore in 2021, with approximately 99.5% of its revenue generated from this sector during the period[99]. Market and Economic Conditions - The company’s management emphasized improving operational efficiency and productivity to enhance business resilience amid challenging economic conditions[78]. - The company reported that the Hong Kong economy showed significant improvement, with a year-on-year GDP growth of 2.7% in the first quarter of 2023, ending a previous four-quarter decline[97]. - The construction industry in China saw a total output value of RMB 132,261 billion in the first half of 2023, growing by 5.9% year-on-year, despite a decline in real estate development investment by 7.9%[98]. - The nominal total value of construction works conducted by major contractors in Hong Kong increased by 7.4% year-on-year to 62.6 billion HKD in Q1 2023[76]. Corporate Governance and Compliance - The company emphasizes the importance of effective corporate governance to ensure stable, efficient, and transparent operations, which helps attract investments and create shareholder value[163]. - Independent non-executive directors are required to attend the annual general meeting to gain a balanced understanding of shareholder opinions, although some were absent due to other commitments[164]. - The board's audit committee has reviewed the accounting principles and policies adopted by the group, as well as the unaudited interim financial results[165]. - The company will publish its interim report containing all information required by the listing rules on its website and the Hong Kong Stock Exchange[166]. Future Outlook and Strategy - The group aims to optimize its business deployment and further develop the Hong Kong and Macau markets while following national development strategies[161]. - The group is actively seeking opportunities to participate in large-scale and high-end interior decoration projects in Macau as investment and construction projects are expected to increase[160]. - The Hong Kong government's "High-end Talent Pass Scheme" is anticipated to boost housing demand and create opportunities in the interior decoration industry[147]. - The group will closely monitor policy developments in China and operate with a prudent approach to business amidst the government's focus on expanding domestic demand[148].