Financial Performance - The group recorded a net profit of approximately HKD 16.3 million for the six months ended September 30, 2022, compared to HKD 1.3 million in the same period of 2021, representing a significant increase [15]. - Revenue for the period increased by approximately HKD 13.7 million or about 12.0% to approximately HKD 128.3 million, primarily due to the undertaking of several large construction projects [9]. - Gross profit decreased slightly to approximately HKD 11.2 million, with a gross profit margin of about 8.7%, down 1.4 percentage points from 10.1% in the same period of 2021 [10]. - The total comprehensive income attributable to the owners of the company for the period was HKD 16,259,000, compared to a loss of HKD 9,765,000 in the previous year [36]. - Basic earnings per share for the six months ended September 30, 2022, was HKD 0.406, compared to HKD 0.032 for the same period in 2021, reflecting a significant increase [66]. - Cash flow from operating activities for the six months ended September 30, 2022, was HKD 24,832,000, a significant improvement from a cash outflow of HKD 4,906,000 in the prior year [45]. Government Support - The group received government subsidies of approximately HKD 12 million through the "Employment Support Scheme" during the period [7]. - The company recognized government subsidies related to the COVID-19 pandemic amounting to HKD 1,221,000 during the six-month period ended September 30, 2022 [59]. Assets and Liabilities - The group had a total of approximately HKD 42.1 million in bank balances and cash as of September 30, 2022, compared to HKD 23.0 million as of March 31, 2022 [16]. - There were no outstanding debts as of September 30, 2022, maintaining a zero debt ratio [17]. - The company’s total assets as of September 30, 2022, were HKD 149,951,000, up from HKD 142,188,000 as of March 31, 2022 [39]. - The total equity attributable to the owners of the company increased to HKD 103,575,000 from HKD 87,316,000 as of March 31, 2022 [39]. - Trade receivables as of September 30, 2022, were HKD 17,263,000, down from HKD 69,079,000 as of March 31, 2022, indicating a reduction in credit losses [73]. - Trade and other payables amounted to HKD 46,376 million as of September 30, 2022, down from HKD 54,872 million as of March 31, 2022, reflecting a decrease of 15.5% [83]. Investments and Expenditures - The group invested approximately HKD 5.8 million in the purchase of property, plant, and equipment during the period, funded entirely by internal resources [22]. - The company plans to utilize HKD 84,200,000 from the proceeds for various purposes, including purchasing machinery and increasing workforce [30]. - The company invested approximately HKD 58 million in property, plant, and equipment during the period, compared to approximately HKD 2.1 million for the same period in 2021 [70]. Workforce and Employment - The company employed 100 full-time staff as of September 30, 2022, an increase from 72 full-time staff as of March 31, 2022 [32]. - The total salary cost incurred by the company during the period was approximately HKD 169,000,000, compared to HKD 148,000,000 in the same period last year, reflecting a rise in compensation expenses [32]. Challenges and Outlook - The group continues to face challenges such as material price fluctuations and a shortage of skilled labor in the construction industry [7]. - The group remains optimistic about the future of foundation engineering and is committed to improving operational efficiency and business profitability [8]. Corporate Governance - The company is committed to maintaining good corporate governance to protect shareholder interests [103]. - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited interim results [109]. - There have been no arrangements for directors to purchase shares or debt securities of the company during the reporting period [105]. - The company has not bought, sold, or redeemed any of its securities during the reporting period [106]. Shareholder Information - The issued share capital remained at HKD 40,000 million with 4,000,000,000 shares as of both September 30, 2022, and March 31, 2022 [82]. - The company holds 2,040,000,000 shares, representing 51.096% of the total equity [97]. - The spouse of the major shareholder, Ms. Cai Meizhu, also holds 2,040,000,000 shares, equating to 51.096% [98]. - Kingkey Investment Fund SPC holds 204,000,000 shares, which is 5.196% of the total equity [97]. - The company has maintained sufficient public float as per listing rules [108].

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 II N E II ... 目錄 公司資料2 主席報告3 管理層討論與分析4 董事及高級管理層履歷8 企業管治報告 11 環境、社會及管治報告 24 董事會報告 41 獨立核數師報告 49 綜合損益及其他全面收益表 55 綜合財務狀況表 56 綜合權益變動表 57 綜合現金流量表 58 綜合財務報表附註 59 財務資料概要 98 98 公司資料 董事會 執行董事 黃仁雄先生(主席) 黃義邦先生(行政總裁) 黎國輝先生(營連總監) 獨立非執行董事 羅嘉豪先生 梁唯藤先生 譚偉德先生 審核委員會 譯偉德先生(主席) 羅嘉豪先生 梁唯藤先生 薪酬委員會 羅嘉豪先生(主席) 梁唯廉先生 黃義邦先生 提名委員會 黃仁雄先生(主席) 羅嘉豪先生 譯偉德先生 公司秘書 徐永裕先生 授權代表 黃義邦先生 徐永裕先生 註冊辦事處 Windward 3 Regatta Office Park PO Box 1350 Grand Cayman KY1-1108 Cayman Islan ...

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 中 期 報 告 20 目 錄 公司資料 2 管理層討論與分析 3 簡明综合損益及其他全面收益表 7 簡明综合財務狀況表 8 簡明综合權益覺動表 9 10 簡明综合现金流量表 簡明综合財務報表附註 11 企業管治／其他資料 19 公司資料 | --- | --- | |------------------------------------------------------------|--------------------------------------------------| | 董事會 | 法律顧問 | | 執行董事 | 方良佳律師事務所 | | 黃仁雄先生(主席) 黃鳗邦先生(行政總裁) 黎國輝先生(營運總監) | 香港律師 香港 灣仔 軒尼詩逍139號 | | 獨立非執行董事 | 中圆海外大厦 12樓A室 | | 屋嘉豪先生 梁唯藤先生 譚偉德先生 | 阴曼群島主要股份過戶登記處 | | 審核委員會 | Windward 3 Regat ...

Financial Performance - The group recorded revenue of approximately HKD 1,444 million for the fiscal year ending March 31, 2021, an increase of about HKD 10 million or 7.4% compared to the previous year[5]. - The net loss for the year was approximately HKD 6.1 million, a reduction of about HKD 27 million from a net loss of HKD 33.1 million in the previous year[5][18]. - Gross profit for the year was approximately HKD 23.1 million, improving from a gross loss of HKD 6.1 million in the previous year, resulting in a gross profit margin of 16.0%[14]. - Other income increased from approximately HKD 1.1 million to about HKD 4.9 million, driven by rental income and government subsidies related to COVID-19[15]. - Administrative and other operating expenses rose by approximately HKD 0.7 million or 3.0% to about HKD 22.8 million[16]. - Financial assets and contract assets impairment losses increased to approximately HKD 11.6 million, up from about HKD 3.0 million in the previous year[17]. Projects and Contracts - The group has 10 ongoing projects with a total original contract value of approximately HKD 200.6 million as of March 31, 2021[9]. - Two new projects were awarded after March 31, 2021, with a total original contract value of approximately HKD 92.3 million[10]. Liquidity and Financial Position - As of March 31, 2021, the group had total bank balances (including pledged bank deposits) of approximately HKD 448 million, compared to HKD 395 million as of March 31, 2020[33]. - The group had no outstanding debts as of March 31, 2021, and March 31, 2020[34]. - The group had a zero debt-to-equity ratio as of March 31, 2021, consistent with the previous year[36]. - As of March 31, 2021, the group had pledged bank deposits of approximately HKD 5.0 million to secure bank financing, compared to HKD 3.7 million in the previous year[38]. Corporate Governance - The company has a commitment to maintaining good corporate governance to maximize shareholder value[69]. - The board consists of six members, including three executive directors and three independent non-executive directors[71]. - The company has adopted a diversity policy for board members, considering factors such as gender, age, cultural background, and professional experience[74]. - The board's nomination committee monitors the implementation of the diversity policy and reviews nomination policies to ensure effectiveness[77]. - The company considers various factors when determining dividends, including operating performance, cash flow, and future investment needs[80]. - The chairman and CEO positions are held by different individuals to ensure a balance of power and authority[81]. - The financial director oversees financial reporting, planning, and treasury matters, bringing over 20 years of experience in finance[66]. - The technical director has over 40 years of experience in the construction industry, providing technical support for foundation engineering[65]. - The company has complied with the corporate governance code throughout the review year[69]. - The board has adopted a standard code of conduct for securities trading by directors, ensuring compliance with regulations[70]. - The board consists of three independent non-executive directors, accounting for over one-third of the board members, in compliance with listing rules[82]. - The board held four meetings during the review year, with all directors confirming they dedicated sufficient time and attention to the group's affairs[117][119]. - The company has established three board committees: Audit Committee, Nomination Committee, and Remuneration Committee, to oversee specific matters[121]. - The company provides adequate resources for each committee to fulfill its responsibilities and can seek independent professional advice when necessary[122]. - The board is responsible for setting long-term goals and strategies, approving major policies, and reviewing financial statements[87]. - The company has received annual confirmations of independence from all independent non-executive directors[82]. - The company ensures that all directors receive appropriate insurance for their responsibilities[91]. - The company arranges internal training for directors to enhance their knowledge and skills[92]. - The Audit Committee held two meetings during the review year to oversee the financial reporting system and risk management processes[124]. - The Audit Committee reviewed the independence and objectivity of the external auditor and recommended their reappointment to the Board[124]. - The company paid HKD 700,000 for audit services and HKD 120,000 for non-audit services during the review year[141][146]. - The company confirmed that there are no significant uncertainties that would raise doubts about its ability to continue as a going concern[144]. - The company employs a "three lines of defense" model for risk management and internal control, ensuring effective risk assessment and mitigation[147]. - The Nomination Committee held one meeting during the review year to evaluate the structure and diversity of the Board[133]. - The company has established a framework for reviewing the independence of independent non-executive directors[134]. - The Audit Committee reviewed the financial statements and confirmed compliance with applicable accounting standards and regulations[124]. - The company has not encountered any disagreements between the Board and the Audit Committee during the review year[130]. - The company has established guidelines and procedures for approving and controlling expenditures to ensure the reliability of financial reporting and compliance with applicable laws and regulations[150]. - The board has taken appropriate measures to fulfill internal audit functions, and external professionals have been engaged to review the effectiveness of the risk management and internal control systems[150]. Environmental and Social Responsibility - The company values stakeholder feedback and encourages input on environmental, social, and governance policies and performance[165]. - A comprehensive materiality assessment was conducted to identify and evaluate environmental, social, and governance issues arising from the company's business[166]. - Total energy consumption for the year was 3,660,000 kWh, a decrease from 4,900,000 kWh in the previous year, resulting in a density of 25,345 kWh per million HKD in revenue[176]. - Greenhouse gas emissions decreased by 8.0% to 986 tons, with direct emissions at 844 tons and indirect emissions at 142 tons[176]. - Diesel fuel consumption decreased significantly, although it remains the primary source of greenhouse gas emissions for the company[176]. - The company generated 36,265 tons of construction waste, an increase from 29,196 tons in the previous year, with a density of 251 tons per million HKD in revenue[179]. - Nitrogen oxides emissions slightly decreased by 0.7% to approximately 430 kg, while sulfur oxides decreased by 28.6% to about 5 kg[177]. - The company implemented various energy-saving measures, including the use of energy-efficient equipment and reducing vehicle idle time[169]. - The total paper consumption was 796 kg, showing a slight increase from 754 kg in the previous year[175]. - The company has not generated any hazardous waste during the review period, with all waste properly disposed of according to regulations[170]. - The company continues to prioritize partnerships with suppliers that have environmentally friendly products and practices[180]. - The company is committed to balancing business development with reducing negative environmental impacts, adhering to a systematic approach to monitor fuel consumption[180]. Workforce and Employee Management - The employee turnover rate improved from approximately 44% in the previous year to about 17% in the reviewed year, with the highest turnover rate observed in the 41 to 50 age group[190]. - As of March 31, 2021, the company had a total of 61 employees, which included 13 new hires and 10 resignations during the year[190]. - The company provided training to 85% of its employees, with an average training duration of 6.2 hours per employee[197]. - The company employed a total of 61 employees as of the end of the fiscal year 2021, with a breakdown of 53 males and 8 females[187]. - The company has implemented measures to ensure a safe working environment, adhering to the Occupational Safety and Health Ordinance standards[192]. - The company has not recorded any work-related fatalities during the reviewed year, maintaining a low accident rate[195]. - The company prohibits the use of child labor and forced labor, ensuring compliance with legal working age requirements[185]. - The company offers various types of leave, including annual leave, maternity leave, and examination leave, in accordance with legal requirements[186]. - The company has a diverse workforce, although challenges remain in achieving gender and age diversity within the construction industry[187]. - The company has established a performance evaluation mechanism to ensure employees receive fair assessments in a non-biased environment[197].

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 2 管理層討論與分析 3 簡明綜合損益及其他全面收益報表 7 簡明綜合財務狀況報表 8 簡明綜合權益變動報表 9 簡明綜合現金流量報表 10 簡明綜合財務報表附註 11 企業管治╱其他資料 19 1 汛和集團控股有限公司 公司資料 | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------|-------| | 董 事 會 | 法 律 顧 問 | | | 執 行 董 事 | 方 良 佳 律 師 ...

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 2 主席報告 3 管理層討論與分析 4 董事及高級管理層履歷 10 企業管治報告 13 環境、社會及管治報告 24 董事會報告 32 獨立核數師報告 39 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 45 綜合現金流量表 46 綜合財務報表附註 47 財務資料概要 90 公司資料 董事曾 執行董事 黃仁雄先生(主席) 黃義邦先生(行政總裁) 黎國輝先生(營運總監) 林作先生(於2019年9月1日辭任) 獨立非執行董事 羅嘉豪先生 梁唯藤先生 譚偉德先生 審核委員會 譚偉德先生(主席) 羅嘉豪先生 梁唯藤先生 薪酬委員會 羅嘉豪先生(主席) 梁唯藤先生 黃義邦先生 提名委員會 黃仁雄先生(主席) 羅嘉豪先生 譚偉德先生 公司秘書 徐永裕先生 授權代表 黃義邦先生 徐永裕先生 註冊辦事處 PO Box 1350 Clifton House 75 Fort Street Grand Cayman KY1-1108 Cayman Isla ...

Shun Wo Group Holdings Limited 汛和集團控股有限公司 (於阿曼群島註冊成立的有限公司) 股份代號：1591 9 報 告 目 錄 公司資料 2 管理層討論與分析 3 簡明綜合損益及其他全面收益報表 6 簡明综合財務狀況報表 7 簡明综合權益變動報表 8 9 簡明综合現金流量報表 簡明綜合財務報表附註 10 企業管治／其他資料 21 l 公司資料 董事會 较行董事 黃仁緯先生(主席) 黃鳗邦先生(行政總裁) 奧國輝先生(營運總監) 林作先生(於2019年9月1日辟任) 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 蛋喜豪先生(主席) 梁唯藤先生 黃鳗邦先生 提名委員會 黃仁雄先生(主席) 羅 嘉 豪 先 生 譚偉德先生 公司秘書 徐永裕先生 授權代表 黃鳗 邦先生 徐永裕先生 註冊辦事處 PO Box 1350 Clifton House 75 Fort Street Grand Cayman KY1-1108 Cayman Islands 總部及香港主要營業地點 香港 背箕灣道68號 西灣河中心 7樓 ...

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 | --- | --- | --- | --- | --- | |-------|--------------------------------|-------|-------------------------------------------------------------|-------| | | | | | | | | Shun Wo Group Holdings Limited | | | | | | | | | | | | | | | | | | | | 汛和集團控股有限公司 | | | | | | (Incorporated in the Cayman Islands with limited liability) | | Shun Wo Group Holdings Limited 汛和集團控股有限公司 Stock Code: 1591 Annual Report 2019 年報 2019 Annual Report 2019 年 報 目錄 公司資料 ...