香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 之 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 依 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 Shun Wo Group Holdings Limited – 1 – 截 至2025年3月31日 止 年 度 之 年 度 業 績 公 告 汛 和 集 團 控 股 有 限 公 司（「本 公 司」）董 事（「董 事」）會（「董 事 會」）欣 然 提 呈 本 公 司 及 其 附 屬 公 司（統 稱「本 集 團」）截 至2025年3月31日 止 年 度（「回 顧 年 度」） 之 經 審 核 年 度 綜 合 財 務 業 績，連 同 截 至2024年3月31日 止 年 度 同 期 之 比 較 數 字。 綜 合 損 益 及 其 他 全 面 收 益 表 截 至2025年3月31日 止 年 度 | | | | | | | | | | | ...

金十数据整理：每日港股市场要闻速递（6月20日 周五） 重要新闻： 个股新闻： 1. 金融监管总局人身险司向业内发文，分红险分红水平不得"内卷式"竞争。 2. 知情人士：光伏三季度"减产令"升级，开工率环降10%、低价销售将审计核查。 3. 三部门召开加强新能源汽车安全管理工作视频会，会议要求，不搞"内卷式"竞争，不以牺牲产品性 能、降低产品质量为代价实现短期的"降本增效"。 1. 深交所：将恒瑞医药调入港股通标的证券名单。 2. 三花智控(02050.HK)：发售价厘定为每股H股22.53港元。 3. 非凡领越(00933.HK)收购合共1809万股李宁(02331.HK)股份。 4. 晋景新能(01783.HK)：与亿纬锂能正式启动全球锂电回收网络平台。 5. 南京熊猫电子股份(00553.HK)挂牌出售ENC股权，旨在优化资产结构。 6. HYPEBEAST(00150.HK)发布年度业绩，纯损2103.1万港元，同比盈转亏。 7. 计划为芯片业务引入战略投资者？蔚来汽车(09866.HK)：这属于猜测性信息。 8. 欧科云链(01499.HK)：预期年度股东应占亏损不多于2000万港元，同比收窄。 9 ...

Shun Wo Group Holdings Limited 汛和集團控股有限公司 (於開曼群島註冊成立的有限公司) 股份代號: 1591 | --- | --- | --- | |-------|-------|-------| | | | | | | | | 目 錄 公司資料 管理層討論與分析 | --- | |------------------------------| | | | | | 簡明綜合損益及其他全面收益表 | | 簡明综合財務狀況表 | | 朗明綜合權益嬰動表 | | 簡明综合現金流量表 | | 簡明綜合財務報表附註 | | 企業管治／其他資料 | N 3 6 7 8 ம 10 19 NNANNA 公司資料 董事會 執行董事 黃仁雄先生(主席) 黃鳗邦先生(行政總裁) 婴圆舞先生(营連總監) 獨立非執行董事 羅嘉豪先生 梁唯豪先生 譚偉德先生 審核委員會 課偉德先生(主席) 羅嘉豪先生 梁唯豪先生 薪酬委員會 蛋嘉豪先生(主席) 梁唯豪先生 黃鳗邦先生 提名委員會 黃仁雄先生(主廣) 蛋嘉豪先生 譚偉德先生 公司秘書 社潔愛女士 授權代表 黃鳗邦先生 杜潔雯女士 註冊辦事處 Windwa ...

Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 64,040,000, a decrease from HKD 234,849,000 in the same period of 2023, representing a decline of approximately 72.7%[3] - The gross loss for the period was HKD 4,888,000, compared to a gross profit of HKD 34,080,000 in the previous year, indicating a significant shift in profitability[3] - The net loss attributable to the owners of the company for the period was HKD 5,077,000, compared to a profit of HKD 32,930,000 in the same period of 2023[3] - Basic and diluted loss per share was HKD 1.27, a decrease from earnings of HKD 8.23 in the prior year[3] - Revenue for the period decreased by approximately HKD 170.8 million or 72.7% to approximately HKD 64.0 million, attributed to the completion of several large foundation engineering projects from previous years[64] - Gross profit decreased to approximately HKD 5.0 million, down approximately HKD 39.3 million from approximately HKD 44.3 million in the same period of 2023, with a gross profit margin decline of 11.0 percentage points to approximately 7.9%[65] Cash Flow and Liquidity - For the six months ended September 30, 2024, the company reported a net cash flow from operating activities of HKD (5,670) thousand, a significant decrease from HKD 19,409 thousand in the same period of 2023[12] - The company reported a decrease in cash flow from operating activities, indicating potential challenges in operational efficiency[12] - Cash and cash equivalents at the end of the period were HKD 82,173 thousand, an increase from HKD 63,850 thousand at the end of the same period in 2023[12] - The total cash and cash equivalents as of September 30, 2024, were HKD 82,173,000, down from HKD 93,395,000 as of March 31, 2024, indicating a decrease of 12.0%[38] - As of September 30, 2024, the group had total bank balances of approximately HKD 82.2 million, down from approximately HKD 93.4 million as of March 31, 2024[72] Assets and Liabilities - Total assets as of September 30, 2024, were HKD 193,172,000, down from HKD 203,411,000 as of March 31, 2024, reflecting a decrease of approximately 5.9%[5] - Total liabilities decreased to HKD 52,536,000 from HKD 57,698,000, indicating a reduction of about 8.9%[8] - The company recognized revenue from main contracting services of HKD 47,937 thousand and from subcontracting services of HKD 16,103 thousand for the six months ended September 30, 2024[22] - As of September 30, 2024, trade receivables amounted to HKD 22,615 thousand, net of expected credit loss provisions of HKD 2,990 thousand[36] - Trade payables as of September 30, 2024, were HKD 9,326,000, a decrease of 26.5% from HKD 12,758,000 as of March 31, 2024[46] Operational Challenges - The company has not reported any new product launches or significant market expansions during this period[2] - Future outlook remains cautious due to the current financial performance and market conditions, with no specific guidance provided for the upcoming quarters[2] - The company is expected to continue facing challenges in revenue generation based on the current performance trends observed[12] - The group recorded a net loss of approximately HKD 5.1 million for the period, compared to a net profit of approximately HKD 32.9 million in the same period of 2023, primarily due to a significant decrease in revenue and increased direct material and management costs[61] Employee and Operational Costs - The company recorded direct costs of employee benefits amounting to HKD 9,962 thousand, a decrease from HKD 12,810 thousand in the prior year[26] - Total salary costs incurred during the period were approximately HKD 15.4 million, a decrease from approximately HKD 18.6 million in the same period last year[87] - Short-term employee benefits for the six months ended September 30, 2024, were HKD 3,125,000, an increase of 16.8% from HKD 2,675,000 for the same period in 2023[51] Corporate Governance and Compliance - The company confirms compliance with all applicable corporate governance codes during the reporting period[100] - The Audit Committee was established on September 3, 2016, to review the financial data and oversee the financial reporting system, risk management, and internal control procedures[107] - The Audit Committee consists of three independent non-executive directors, with Mr. Tan Wai Tak serving as the chairman[107] - The interim results have been reviewed by the Audit Committee, which believes that the preparation complies with applicable accounting standards and regulations[107] Shareholder Information - Major shareholders include Mei Cheng with a beneficial interest of 204,000,000 shares, representing 51.0% of the total shareholding[93] - Other significant shareholders include Kingkey Investment Fund SPC, holding 20,400,000 shares, which accounts for 5.1% of the total[93] - The total issued share capital was adjusted from 4,000,000,000 shares to 400,000,000 shares following a share consolidation effective September 17, 2024[44] - The board did not recommend the declaration of any interim dividend during the period[86]

Financial Performance - The company's revenue for the fiscal year ending March 31, 2024, increased to approximately HKD 333.4 million, representing a stable growth of 6.6% compared to HKD 312.9 million in the previous year[10]. - Net profit for the fiscal year was approximately HKD 39.5 million, a significant increase from HKD 18.9 million in the previous fiscal year[5]. - Gross profit rose to approximately HKD 60.8 million, an increase of about 147.4% compared to the previous year's gross profit[13]. - The gross profit margin improved to approximately 18.2%, up by 10.3 percentage points from 7.9% in the previous year[13]. - Other income and gains for the year amounted to approximately HKD 4.4 million, an increase of about HKD 2.5 million or 135.4% compared to the same period last year[16]. - Administrative and other operating expenses were approximately HKD 22.4 million, an increase of about HKD 0.1 million or 0.3% compared to the same period last year[17]. - As of March 31, 2024, the total bank balance was approximately HKD 93.4 million, compared to approximately HKD 45.0 million as of March 31, 2023[22]. - The group had no outstanding debts as of March 31, 2024 and March 31, 2023[23]. - Capital expenditure for the year was approximately HKD 2.6 million for the purchase of properties, plants, and equipment, funded entirely by internal resources[29]. - The total amount of corporate indemnity guarantees provided was approximately HKD 19.0 million as of March 31, 2024, compared to approximately HKD 9.8 million as of March 31, 2023[33]. - Total salary costs for the year were approximately HKD 33.2 million, compared to approximately HKD 34.3 million for the previous year[42]. - As of March 31, 2024, the company’s distributable reserves are approximately HKD 30 million[193]. - The board has decided not to recommend any final dividend for the review year[194]. Operational Challenges - The company anticipates challenges in the foundation industry due to fierce competition and a decline in consumer property purchasing intent[6]. - Management plans to adjust bidding strategies to maintain competitiveness amid increasing price competition[11]. - The company expects to benefit from the Hong Kong government's measures to stimulate residential property demand, including the cancellation of cooling measures and the introduction of a talent admission scheme[11]. - Approximately HKD 23.6 million has been set aside for compensation related to delays in complex foundation projects, impacting gross and net profits[5]. - The future development of the foundation industry is contingent on the Hong Kong property market, which poses significant risks to the group's business[178]. - Compliance risks arise from the nature of the foundation industry, with potential changes in regulations impacting operational costs and business performance[179]. - The company reported a significant risk related to unpredictable geological conditions that may lead to increased costs and project difficulties[180]. - The company faces potential liabilities for damages to underground utility services during foundation works, which may not be covered by insurance[182]. - The company does not guarantee the acquisition of new business due to the absence of long-term agreements with clients, which may lead to significant impacts on its financial condition[183]. Corporate Governance - The company is committed to maintaining good corporate governance to protect shareholder interests and maximize shareholder value[56]. - The board regularly reviews the company's daily corporate governance practices and procedures to ensure compliance with relevant laws and regulations[56]. - The company has adopted the corporate governance code principles as outlined in the Hong Kong Stock Exchange Listing Rules[57]. - The board has established the company's mission and values, integrating environmental protection, social responsibility, and sustainable growth into its business strategy[58]. - The company emphasizes a strong corporate culture to guide employee behavior and ensure alignment with its mission and values[58]. - The board consists of six members, including three executive directors and three independent non-executive directors[60]. - The chairman of the board is Mr. Huang Renxiong, who is also the father of Mr. Huang Yibang[60]. - The company has a dedicated company secretary with over 20 years of experience in auditing and accounting[53]. - The company has implemented a standard code of conduct for directors regarding securities trading, ensuring compliance throughout the review period[59]. - The company has a technical director with over 40 years of experience in the construction industry, overseeing foundation engineering[52]. - The board currently consists of 6 male directors, with no female members, and plans to add one female director by December 2024 to enhance diversity[64]. - The company has established a formal and transparent policy to prohibit all forms of bribery and corruption, ensuring compliance with local laws and regulations[66]. - The board's dividend policy considers factors such as the group's operating performance, cash flow, and future capital requirements when determining dividend frequency and amount[66]. - The company has three independent non-executive directors, accounting for over one-third of the board, ensuring compliance with listing rules[70]. - The nomination committee will continue to monitor and review the implementation of the board diversity policy and propose amendments for consideration[65]. - The board is responsible for the overall management of the group, while daily operations are delegated to the management team led by the CEO[72]. - The company emphasizes the importance of gender diversity in hiring senior management and aims to build a pipeline of potential female successors for the board[64]. - The board's diversity policy includes considerations of gender, age, cultural background, and professional experience when selecting candidates[65]. - The company has a formal process for the nomination and selection of directors, ensuring adherence to the company's articles of association and relevant regulations[67]. - The board of directors held five meetings during the review year, with all members attending all meetings[85]. - The audit committee, consisting of three independent non-executive directors, reviewed the group's financial statements and confirmed compliance with applicable accounting standards[89]. - The audit committee held two meetings during the review year, with full attendance from all members[90]. - The company arranged appropriate insurance for all directors in relation to their duties[75]. - The company provided internal training for directors to enhance their knowledge and skills, covering relevant laws and regulations[77]. - The company conducted its annual general meeting on September 7, 2023, with all board members and external auditors present[83]. - The board of directors is responsible for approving major policies, financial statements, and capital expenditures[75]. - The company has established three board committees: the audit committee, nomination committee, and remuneration committee to oversee specific matters[86]. - The company has a clear board meeting procedure, with regular meetings held at least four times a year[79]. - The company has ensured that all directors have dedicated sufficient time and attention to the group's affairs during the review year[81]. - The Nomination Committee held two meetings during the review year, with all members attending both sessions[94]. - The Compensation Committee reviewed the overall compensation policy for all directors and senior management, ensuring it reflects performance and achievements[97]. - The range of senior management compensation during the review year included one individual earning between HKD 1,000,001 and HKD 1,500,000[98]. - The Group paid HKD 760,000 for audit services and HKD 120,000 for non-audit services during the review year[102]. - The Board confirmed its responsibility for risk management and internal control systems, assessing their effectiveness regularly[103]. - The Group employs a "three lines of defense" model for risk management, ensuring effective identification and mitigation of risks[103]. - The Group has established guidelines for approving and controlling expenditures to ensure financial reporting reliability and operational efficiency[104]. - The Nomination Committee reviewed the diversity and independence of board members and made recommendations for re-election of retiring directors[94]. - The Compensation Committee's recommendations are based on comparisons with similar-sized companies in the industry[97]. - The Group's internal control policies aim to identify and manage risks that could adversely affect business objectives[104]. - The company has established a whistleblowing procedure to allow employees to report concerns regarding financial reporting, internal controls, or potential violations confidentially[105]. - The board has appointed a company secretary, who has completed no less than 15 hours of professional training during the review year to enhance skills and knowledge[107]. - All shares of the company have the same voting rights and entitlement to dividends, as stated in the company's articles of association and the Cayman Islands Companies Law[108]. - The company has implemented a policy to ensure insider information is disclosed fairly and timely in accordance with applicable laws and regulations[106]. - The annual general meeting is scheduled for September 13, 2024, with a notice to be sent to shareholders at least 21 days prior to the meeting[116]. Environmental and Social Responsibility - The company aims to control energy consumption and waste emissions on construction sites while ensuring worker safety as part of its sustainability goals[121]. - The total energy consumption for the fiscal year 2024 was 237,067 kWh, an increase from 186,480 kWh in 2023, representing a 27% rise[135]. - The total greenhouse gas emissions equivalent to CO2 for fiscal year 2024 was 1,136 tons, up from 1,042 tons in 2023, indicating an increase of approximately 9%[135]. - Direct greenhouse gas emissions for fiscal year 2024 were 117 tons, compared to 97 tons in 2023, reflecting a 21% increase[135]. - The company reported a total water consumption of 18,848 cubic meters in 2024, which is a significant increase from 9,994 cubic meters in 2023, marking an 88% rise[135]. - The nitrogen oxides emissions were recorded at 404 kg in 2024, slightly down from 409 kg in 2023, showing a marginal decrease of about 1%[135]. - The company aims to reduce carbon emissions and enhance energy efficiency as part of its environmental policy[128]. - The company is committed to minimizing environmental impact while maintaining high-quality standards in service delivery[127]. - The company has established internal policies to comply with various environmental regulations in Hong Kong, including the Air Pollution Control Ordinance and Waste Disposal Ordinance[127]. - The company encourages stakeholder feedback to improve internal policies and operations, demonstrating a commitment to continuous improvement[125]. - The company emphasizes the importance of community engagement and pollution control as part of its corporate social responsibility initiatives[126]. - The total construction waste generated by the group increased significantly to 158,504 tons in the fiscal year 2024, compared to 91,321 tons in 2023, resulting in a waste density of 475 tons per million sales[138]. - The group reported a substantial increase in inert construction waste disposed of at public fill reception facilities, rising to 156,671 tons in 2024 from 91,032 tons in 2023[138]. - The company has complied with mandatory disclosure requirements regarding environmental, social, and governance (ESG) matters[164]. - The company reported compliance with key performance indicators related to resource usage and emissions[165]. - The company has established policies to reduce significant impacts on the environment and natural resources[167]. - The company has taken actions to manage significant climate-related issues that may affect its operations[167]. - The company has adhered to employment and labor standards, including policies on equal opportunities and non-discrimination[167]. - The company has reported on employee turnover rates categorized by gender, age group, and region[167]. - The company has implemented waste management strategies and set waste reduction targets[165]. - The company has disclosed its greenhouse gas emissions data and management strategies[165]. - The group has complied with safety work environment policies and regulations to protect employees from occupational hazards[169]. - The percentage of trained employees is categorized by gender and employee type, ensuring compliance with training policies[171]. - The group has implemented measures to prevent child labor and forced labor, adhering to relevant laws and regulations[171]. - The number of suppliers is categorized by region, demonstrating effective supply chain management practices[171]. - The group has reported on the number of product complaints and the corresponding response methods, ensuring product responsibility[173]. - The company recognizes the importance of community support and aims to improve the welfare of local disadvantaged groups through donations and assistance[121]. - The company donated HKD 38,000 to support organizations for children with rare diseases in September 2023[162]. - In February 2024, the company contributed HKD 10,000 to visit the Caritas Yuen Long Elderly Community Center, focusing on the mental and physical health of elderly residents[162]. - The group has not reported any incidents related to child labor or forced labor during the review period[139]. - The group provides various types of leave and benefits to ensure employee welfare and work-life balance[140]. - In the fiscal year 2024, the company recorded three work-related accidents, resulting in a total of 358 lost workdays for internal workers and 136 lost workdays for subcontractor workers[145]. - The average training hours per employee in fiscal year 2024 were 12.9 hours, with 85% of employees completing training, compared to 11.3 hours and 90% in fiscal year 2023[147]. - The company emphasizes a fair and competitive career development environment, ensuring performance evaluations are unbiased and based solely on talent[149]. - All 180 major suppliers in Hong Kong had no violations or significant threats to the environment during the review year[153]. - The company conducted seven anti-corruption training sessions with a total of four participants, and there were no corruption lawsuits or reports received during the review year[161]. - The company has implemented an environmental management system certified to ISO 14001:2015 standards to ensure compliance with environmental regulations[184]. - The company emphasizes the importance of employee welfare and offers competitive compensation and training opportunities to retain talent[188]. - The company aims to reduce reliance on major clients by undertaking larger projects with a diverse client base[189]. - The company maintains stable relationships with suppliers and subcontractors to effectively meet client needs[190].

Financial Performance - Revenue for the year ended March 31, 2024, was HKD 333,430,000, an increase of 6.5% compared to HKD 312,906,000 in 2023[4] - Gross profit for the same period was HKD 60,794,000, representing a significant increase of 147% from HKD 24,573,000 in 2023[4] - The company reported a net profit attributable to shareholders of HKD 39,465,000, up from HKD 18,932,000 in the previous year, marking a growth of 108.5%[4] - Basic and diluted earnings per share increased to HKD 0.99 from HKD 0.47, reflecting a growth of 110.6%[4] - Other income for 2024 totaled HKD 1,865,000, a decrease of 57.5% from HKD 4,391,000 in 2023, primarily due to reduced government subsidies[23] - The profit before tax for 2024 was HKD 3,316,000, compared to a loss in 2023[24] - The annual net profit was approximately HKD 39.5 million, compared to HKD 18.9 million for the previous year, indicating significant growth[39] Assets and Liabilities - Total assets as of March 31, 2024, amounted to HKD 203,411,000, compared to HKD 169,457,000 in 2023, indicating a growth of 20%[5] - Total equity attributable to shareholders increased to HKD 145,713,000 from HKD 106,248,000, representing a growth of 37%[5] - The company’s cash and cash equivalents rose to HKD 93,395,000, up from HKD 45,040,000, showing a significant increase of 107%[5] - Trade and other receivables increased to HKD 50,600,000 from HKD 37,659,000, reflecting a growth of 34%[5] - The company reported a decrease in trade and other payables to HKD 30,775,000 from HKD 63,209,000, a reduction of 51%[5] - Trade receivables increased to HKD 35,793,000 in 2024 from HKD 29,706,000 in 2023, marking a rise of 20.5%[28] - The total trade and other receivables for 2024 were HKD 50,600,000, an increase of 34.2% from HKD 37,659,000 in 2023[28] Strategic Focus and Operations - The company is focused on expanding its operations in Hong Kong, primarily in foundation engineering, as part of its strategic growth plan[6] - The company plans to adjust its bidding strategy to lower bid prices for new contracts to maintain competitiveness amid market pressures[40] - The company expects to benefit from government policies aimed at stimulating housing demand in the Hong Kong Special Administrative Region[40] Financial Reporting and Compliance - The group has adopted new and revised Hong Kong Financial Reporting Standards effective from April 1, 2023, which do not have a significant impact on the financial position and performance for the current and prior years[12] - The company anticipates that the application of all revised Hong Kong Financial Reporting Standards will not have a significant impact on the consolidated financial statements in the foreseeable future[18] - The accounting policy changes related to the cancellation of the offsetting mechanism for mandatory provident funds and long service payments will take effect on May 1, 2025, but do not significantly affect the current financial statements[13][15] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the consolidated financial statements for the review period and found them compliant with applicable accounting standards and regulations[81] - The external auditor has agreed that the financial figures in the annual performance announcement are consistent with the consolidated financial statements as of March 31, 2024[82] Employment and Expenses - The total salary cost incurred by the company during the review year is approximately HKD 33.2 million, a decrease from HKD 34.3 million in the previous year[68] - As of March 31, 2024, the company employed 54 full-time employees, down from 97 full-time employees as of March 31, 2023[68] - Administrative and other operating expenses were approximately HKD 22.4 million, an increase of about HKD 0.1 million or 0.3% compared to the same period last year[45] Capital Expenditures and Investments - The group made capital expenditures of approximately HKD 2.6 million for the purchase of properties, plants, and equipment, all funded by internal resources[56] - The net proceeds from the fundraising amount to approximately HKD 84.2 million, which will be used for various purposes including the purchase of excavators, cranes, and crushers[65] - The actual use of funds for purchasing excavators, cranes, and crushers is projected to be HKD 39.322 million, compared to the originally planned HKD 55 million[65] - There are no significant investments or capital asset plans disclosed for the review year[66] Shareholder Information - The company did not declare any dividends for the year ending March 31, 2024, consistent with 2023[27] - The group did not recommend the declaration of any final dividend for the year[64] - The 2024 Annual General Meeting is scheduled for September 13, 2024[79] - Share registration services will be suspended from September 10, 2024, to September 13, 2024, to determine shareholder eligibility for the upcoming Annual General Meeting[80] Other Information - The company has not conducted any major post-year-end events as of the announcement date[69] - The company has adhered to all applicable corporate governance codes throughout the review year[70] - No significant contracts in which directors have a substantial interest were established during the review year[77] - The company has not engaged in any buybacks, sales, or redemptions of its securities during the review year[76] - The company has not issued any stock options under its stock option plan since its adoption on September 3, 2016[73] - The company confirmed that it has maintained sufficient public float as per listing rules throughout the review period and up to the announcement date[78]

Financial Performance - The group's revenue increased by approximately 83.0% to about HKD 234.8 million, compared to approximately HKD 128.3 million in the same period of 2022[8]. - The group recorded a gross profit of approximately HKD 44.3 million, a significant increase of about HKD 33.1 million from approximately HKD 11.2 million in the same period of 2022, with a gross profit margin rising by 10.2 percentage points to approximately 18.9%[9]. - The group achieved a profit before tax of approximately HKD 34.1 million, compared to HKD 16.3 million in the same period of 2022[5]. - The net profit for the period was approximately HKD 32.9 million, an increase from approximately HKD 16.3 million in the same period of 2022[15]. - For the six months ended September 30, 2023, the company reported revenue of approximately HKD 234.8 million, a significant increase of 83% compared to HKD 128.3 million in the same period of 2022[35]. - The gross profit for the same period was HKD 44.3 million, representing a gross margin of approximately 18.9%, compared to HKD 11.2 million in the previous year[35]. - The net profit attributable to the company's owners for the period was HKD 32.9 million, up from HKD 16.3 million in the prior year, reflecting a year-over-year growth of 102%[35]. - Basic earnings per share for the period were HKD 0.823, compared to HKD 0.406 for the same period in 2022, representing a 102% increase[56]. Cash and Assets - The group had a total cash and bank deposits of approximately HKD 70.2 million as of September 30, 2023, compared to approximately HKD 51.2 million as of March 31, 2023[16]. - Cash and cash equivalents at the end of the period increased to HKD 63,850,000 from HKD 30,884,000, marking a 106% rise[41]. - Total cash and bank balances reached HKD 63,850,000 as of September 30, 2023, up from HKD 45,040,000 as of March 31, 2023, reflecting a growth of approximately 42%[63]. - As of September 30, 2023, total assets were HKD 216.2 million, an increase from HKD 169.5 million as of March 31, 2023[37]. Liabilities and Debt - The company’s total liabilities increased to HKD 75,900,000 as of September 30, 2023, from HKD 63,209,000 as of March 31, 2023, reflecting an increase of approximately 20%[66]. - The company's total liabilities increased to HKD 77.1 million from HKD 63.2 million, with current liabilities accounting for HKD 75.9 million[37]. - The group had no outstanding debts as of September 30, 2023[17]. Operational Highlights - The group has 11 ongoing projects with a total original contract value of approximately HKD 464.9 million[5]. - Administrative and other operating expenses increased by approximately 10.6% to about HKD 10.4 million due to rising employee salaries and benefits[12]. - Other income and gains decreased to approximately HKD 0.7 million from about HKD 1.3 million in the same period of 2022, primarily due to the absence of non-recurring government subsidies[11]. - The company reported a net cash inflow from operating activities of HKD 19,409,000, down from HKD 24,832,000 in the previous year[41]. - The net cash used in investing activities was HKD 599,000, a significant improvement from HKD 9,907,000 in the previous year[41]. Future Outlook - The group is optimistic about the future of the foundation engineering sector and aims to create value for shareholders[7]. Shareholder Information - As of September 30, 2023, the company has a total of 2,040,000,000 shares held by Meicheng Holdings Limited, representing a 51.0% ownership stake[77]. - The beneficial ownership of Meicheng is distributed among the directors: Mr. Huang Renxiong holds 40%, Mr. Huang Yibang holds 30%, and Mr. Li Guohui holds 30%[78]. - Other significant shareholders include Ms. Cai Meizhu, Ms. Li Biru, and Ms. Mai Jieling, each holding a 51.0% stake through spousal rights[80]. - Kingkey Investment Fund SPC holds a beneficial interest of 204,000,000 shares, accounting for 5.1% of the total shares[80]. Corporate Governance - The company confirms compliance with all provisions of the Corporate Governance Code during the reporting period[85]. - The Audit Committee was established on September 3, 2016, with the main responsibility of reviewing the group's financial information and overseeing the financial reporting system, risk management, and internal control procedures[93]. - The Audit Committee consists of three independent non-executive directors, with Mr. Tam Wai Tak serving as the chairman[93]. - The Audit Committee has reviewed the unaudited interim results for the period and confirmed compliance with applicable accounting standards and regulations[93].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就 因本公告全部或任何部分內容而產生或因依賴該等內容而引致之任何損 失承擔任何責任。 Shun Wo Group Holdings Limited 汛 和 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1591） 截 至2023年9月30日 止 六 個 月 中 期 業 績 公 告 汛和集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然提呈本 公 司 及 其 附 屬 公 司（統 稱「本 集 團」）截 至2023年9月30日 止 六 個 月（「期 內」） 之未經審核中期業績，連同2022年同期未經審核之比較數字。 簡明綜合損益及其他全面收益表 截至2023年9月30日止六個月 截至9月30日止六個月 2023年 2022年 附註 千港元 千港元 （未經審核） （未經審核） 收益 4 234,849 128,348 直接成本 (190,558) (117,121) 毛利 44,291 11,227 ...

Financial Performance - The group's revenue reached approximately HKD 312.9 million, representing a significant year-on-year increase of 29.1%[12]. - The net profit for the year was approximately HKD 18.9 million, a turnaround from a net loss of approximately HKD 4.5 million in the previous fiscal year[5]. - The gross profit amounted to approximately HKD 24.6 million, an increase of about HKD 7.2 million or 41.5% compared to the previous year[13]. - The gross margin improved to approximately 7.9%, up from 7.2% in the previous year, reflecting effective cost control measures[13]. - Other income and gains were approximately HKD 1.9 million, an increase of 21.2% year-on-year, primarily due to government subsidies related to COVID-19[15]. - The increase in revenue was mainly due to several large construction projects awarded in 2021 and 2022[12]. - Administrative and other operating expenses for the year were approximately HKD 22.3 million, a decrease of about HKD 0.1 million or 0.5% compared to the same period in 2022[18]. - The net impairment loss reversal of financial and contract assets was approximately HKD 14.8 million, compared to a loss of HKD 1.0 million in 2022, due to the recovery of previously impaired long-term trade receivables[20]. - As of March 31, 2023, the group had total bank balances (including pledged bank deposits) of approximately HKD 51.2 million, up from HKD 23.0 million as of March 31, 2022[23]. - The group had no outstanding debts as of March 31, 2023 and March 31, 2022[24]. - Capital expenditures for the year amounted to approximately HKD 9.0 million for the purchase of properties, plants, and equipment, funded entirely by internal resources[31]. - The total salary cost incurred during the year was approximately HKD 34.3 million, compared to HKD 31.1 million for the same period in 2022[43]. - The net proceeds received amounted to approximately HKD 84.2 million, with about HKD 82.5 million utilized as of March 31, 2023[42]. - The group plans to utilize the remaining net proceeds of approximately HKD 1.7 million for the purchase of excavators, cranes, and crushers by March 31, 2024[42]. Corporate Governance - The company is committed to maintaining good corporate governance to protect shareholder interests and maximize shareholder value[57]. - The board has established a mission and values that integrate environmental protection, social responsibility, and sustainable growth into the business strategy[59]. - The company has adopted the corporate governance code as per the listing rules and has complied with it throughout the review period[58]. - The board consists of six members, including three executive directors and three independent non-executive directors[61]. - The company has a diverse board member policy, a nomination policy, a dividend policy, and an anti-corruption policy in place[63]. - The operational director has over 20 years of experience in the foundation industry, contributing to the company's strategic planning[46]. - The company emphasizes a culture of integrity and accountability to guide employee behavior and align with its mission and values[59]. - The company secretary has over 20 years of experience in auditing and accounting, enhancing the company's governance[54]. - The board regularly reviews the company's corporate governance practices and procedures to ensure compliance with relevant laws and regulations[57]. - The board's dividend policy is influenced by the group's financial performance, cash flow, and future expenditure plans, with no guaranteed specific dividend amounts[68]. - The company prohibits all forms of bribery and corruption, ensuring compliance with local laws and regulations[70]. - The board comprises three independent non-executive directors, meeting the requirement of more than one-third of the board's members[72]. - The company has established a formal and transparent policy against bribery for all employees[70]. - The chairman and CEO positions are held by different individuals to ensure a balance of power and authority[71]. - The company will review the board's structure and diversity regularly to ensure compliance with its policies[69]. - Two directors are set to retire at the upcoming annual general meeting and are eligible for re-election[74]. - The board of directors held five meetings during the review year, with all members attending 100% of the meetings[89]. - The audit committee, consisting of three independent non-executive directors, held two meetings and reviewed the group's financial statements and reporting systems[95]. - The company has established a clear board meeting procedure, with regular meetings held at least four times a year[82]. - The company provides appropriate insurance for all directors in relation to their duties[78]. - The company has arranged internal training for directors to enhance their knowledge and skills[80]. - The company has a comprehensive training program for newly appointed directors[81]. - The audit committee reviewed the independence and objectivity of the external auditor during the review year[95]. - The company has established three board committees: the audit committee, nomination committee, and remuneration committee to oversee specific matters[90]. - The company ensures compliance with legal and regulatory requirements through regular reviews of its governance policies[78]. - The company has a policy for handling potential conflicts of interest among directors, requiring independent directors to manage such matters[78]. - The Nomination Committee held two meetings during the review year, with all members attending 2 out of 2 meetings[99]. - The Compensation Committee reviewed the overall compensation policy for all directors and senior management, ensuring it reflects performance and achievements[101]. - The total fees paid to the auditor for audit services amounted to HKD 720,000, while non-audit services totaled HKD 120,000[107]. - The company has established guidelines for approving and controlling expenditures to ensure the reliability of financial reporting and compliance with applicable laws[109]. - The board confirmed its responsibility for risk management and internal control systems, assessing their effectiveness in line with the group's risk appetite[108]. - The group has implemented a "three lines of defense" model for risk management, involving departmental heads, management, and the audit committee[108]. - The Compensation Committee's recommendations for management compensation are based on comparisons with similar-sized companies in the industry[103]. - The Nomination Committee reviewed the board's structure, size, and diversity, making recommendations for approval by the board[99]. - The group has a policy for evaluating the independence of non-executive directors, ensuring compliance with governance standards[99]. - The board is not aware of any significant uncertainties that would raise doubts about the group's ability to continue as a going concern[105]. - The company has established a whistleblowing procedure to allow employees to report concerns regarding financial reporting, internal controls, or potential violations confidentially[110]. - The board has taken appropriate measures to fulfill internal audit functions despite the absence of an internal audit capability within the company[110]. - The company has appointed a new company secretary, who has completed no less than 15 hours of professional training during the review year to enhance her skills and knowledge[112]. - All shares of the company have the same voting rights and entitlement to dividends, ensuring equal shareholder rights[113]. - The company has a policy in place to ensure insider information is disclosed fairly and timely according to applicable laws and regulations[111]. - The company emphasizes the importance of communication with stakeholders and has established a shareholder communication policy to provide balanced and easily understandable information[119]. - The company has been closely monitoring the developments of COVID-19 and has adjusted communication channels to minimize the risk of virus transmission[120]. - The annual general meeting is scheduled for September 7, 2023, with a notice to be sent to shareholders at least 20 full business days prior[121]. - The company has not made any significant changes to its constitutional documents during the review year[122]. Environmental, Social, and Governance (ESG) Initiatives - The board is responsible for the company's environmental, social, and governance (ESG) principles and policies, with a dedicated team collecting and integrating ESG data[126]. - The company has set major environmental, social, and governance (ESG) goals to manage and stabilize energy consumption at levels comparable to the previous year[127]. - Despite a significant increase in water usage, other energy consumption and pollutant emissions have improved, generally meeting the targets[127]. - The company has implemented various energy efficiency measures, including using energy-saving equipment and reducing vehicle idle time[135]. - There were no violations related to air and greenhouse gas emissions, water and land pollution, or waste generation during the review year[136]. - The greenhouse gas emissions performance is calculated based on guidelines from the Environmental Protection Department and the Electrical and Mechanical Services Department[139]. - The company actively engages with stakeholders to gather feedback on ESG policies and performance, which aids in improving future sustainability performance[131]. - The company has identified emissions and resource usage as critical issues due to the environmental pollution caused by its main construction business[133]. - The company has invested in clean energy and sustainable materials to mitigate the impact of climate change[135]. - The board believes the group has achieved its ESG goals and plans to implement improvement measures for the coming year[127]. - The company ensures compliance with all relevant environmental laws and regulations[136]. - Energy consumption decreased significantly, with diesel usage down from 462,999 liters in 2022 to 352,298 liters in 2023, a reduction of approximately 24%[140]. - Total greenhouse gas emissions equivalent to CO2 decreased from 1,334 tons in 2022 to 1,042 tons in 2023, representing a decline of about 22%[140]. - Water consumption increased from 3,475 cubic meters in 2022 to 9,994 cubic meters in 2023, a rise of approximately 187%[141]. - Construction waste generated decreased to approximately 91,321 tons in 2023 from 117,113 tons in 2022, a reduction of about 22%[143]. - The density of greenhouse gas emissions per million sales improved from 5.5 in 2022 to 3.3 in 2023[140]. - The density of construction waste per million sales decreased from 483 in 2022 to 292 in 2023[143]. - The company aims to further reduce energy consumption and air pollutants in the future to enhance environmental performance[141]. Workforce and Training - The workforce is predominantly male, with 92 males and 5 females employed as of March 31, 2023[148]. - Employee count rose from 72 in 2022 to 97 in 2023, an increase of approximately 35%[148]. - Employee turnover rate increased from about 21% in 2022 to approximately 45% in 2023[149]. - The company provided approximately 1,002 hours of training in the fiscal year 2023, with construction workers accounting for about 957 hours, averaging 13 hours of training per worker[151]. - The average training hours per employee in fiscal year 2023 were 11.3 hours, with 90% of employees completing training[156]. - The company emphasized a safe working environment, implementing various health and safety measures during the ongoing COVID-19 pandemic[151]. - The company maintained high hygiene standards and preventive measures at most construction sites and offices despite the easing of COVID-19 restrictions[151]. - The company has established a performance evaluation mechanism to ensure fair career development opportunities for employees[158]. - The company reported a 100% training completion rate for workers in fiscal year 2023[156]. - The company actively manages supplier selection criteria, ensuring compliance with occupational health and safety regulations[161]. - The company has not recorded any significant violations related to workplace safety in the fiscal year 2023[154]. Community Engagement and Charitable Activities - The company contributed HKD 58,000 to local community initiatives, focusing on child care and accident rescue[171]. - The company actively participates in charitable activities, including donations to the construction industry care fund after a serious accident[171]. - The company supports various charitable events, including the Lifewire Run 2022 for rare disease children[171]. - The company aims to participate in more charitable activities in the future to contribute to the betterment of the local community[171]. Compliance and Risk Management - The group faces significant industry risks, particularly related to the Hong Kong property market's development and the availability of foundation projects, which could adversely impact business operations[188]. - Compliance risks are present due to the regulatory nature of the foundation industry, with potential changes in licensing requirements that could increase operational costs[189]. - Unforeseen geological conditions can lead to additional costs and project delays, impacting the group's financial status[190]. - The group emphasizes environmental protection and has implemented an environmental management system certified to ISO 14001:2015 standards[194]. - The group prioritizes subcontractors with ISO 14001 certification to enhance environmental awareness among business partners[195]. - The group recognizes employees as key assets for sustainable growth and offers competitive compensation and training opportunities[199]. - The group aims to reduce reliance on major clients by undertaking large-scale projects for a broader client base[200].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就 因本公告全部或任何部分內容而產生或因依賴該等內容而引致之任何損 失承擔任何責任。 Shun Wo Group Holdings Limited 汛 和 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1591） 截 至2023年3月31日 止 年 度 之 年 度 業 績 公 告 汛和集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然提呈本 公司及其附屬公司（統稱「本集團」）截至2023年3月31日止年度（「回顧年度」） 之經審核年度綜合財務業績，連同截至2022年3月31日止年度同期之比較 數字。 綜合損益及其他全面收益表 截至2023年3月31日止年度 2023年 2022年 附註 千港元 千港元 收益 3 312,906 242,292 直接成本 (288,333) (224,925) 毛利 24,573 17,367 其他收入及其他收益 4 1,865 1,539 行政及其他經營開支 (22,278) (22,390) 金融資產及合 ...