Group 1 - The company, Cornerstone Holdings (01592), announced that Mr. Jian Guo has resigned as an independent non-executive director and a member of the company's audit committee due to pursuing other career and personal matters [1] - The resignation will take effect from August 27, 2025 [1]

Anchorstone Holdings Limited 基 石 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1592） 董事名單與其角色和職能 高子健 黃裕暉 程韻華 基石控股有限公司之董事（「董事」）會（「董事會」）的成員載列如下： 執行董事 雷雨潤 （ 主席 ） 雷寶蔚 獨立非執行董事 雷雨潤 （ 主席 ） 高子健 黃裕暉 香港，2025年8月27日 ） 董事會設立三個委員會。各董事會成員在該等委員會所擔任的職位如下： 審核委員會 薪酬委員會 高子健 （ 主席 ） 黃裕暉 高子健 黃裕暉 （ 主席 雷雨潤 提名委員會 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或 任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Anchorstone Holdings Limited 基 石 控 股 有 限 公 司 有關2024年年報之補充資料 本公告由基石控股有限公司（「本公司」）董事（「董事」）會（「董事會」）就本公司截至 2024年12月31日止年度的年報（「2024年年報」）的披露資料而刊發。除文義另有所 指外，本公告所用詞彙與2024年年報所界定者具相同涵義。 董事會謹此補充有關本公司購股權計劃的以下資料： I . 可供授出的購股權數目 （於開曼群島註冊成立的有限公司） （股份代號：1592） 承董事會命 基石控股有限公司 公司秘書 唐文敏 香港，2025年8月11日 於本公佈日期，執行董事為雷雨潤先生及雷寶蔚女士；以及獨立非執行董事為高 子健先生、黃裕暉先生、嚴建國先生及程韻華女士。 於採納日期可供授出的購股權數目 120,000,000 於2019年 ...

格隆汇8月1日丨基石控股(01592.HK)公告，公司将于2025年8月29日星期五举行董事会会议，以批准(其 中包括)公司及其附属公司截至2025年6月30日止6个月中期业绩、考虑及建议派发中期股息(如有)及处理 其他事务(如有)。 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 佈 的 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或 任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 承董事會命 基石控股有限公司 公司秘書 Anchorstone Holdings Limited 基 石 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1592） 董事會會議日期 基石控股有限公司（「本公司」）董事會（「董事會」）宣佈，本公司將於二零二五年八 月二十九日星期五舉行董事會會議，以批准（ 其中包括 ）本公司及其附屬公司截至 二零二五年六月三十日止六個月之中期業績、考慮及建議派發中期股息（ 如有 ）及 處理其他事務（ 如有 ）。 唐文敏 香港，二零二五年八月一日 於本公佈日期，執行董事為雷雨潤先生及雷寶蔚女士；以及獨立非執行董事為高 子健先生、黃裕暉先生、嚴建國先生及程韻華女士。 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 佈 的 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公佈全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公司謹此就一項文字上的無心失誤作出下列澄清。 普通決議案第3 (a)項「重選馮偉恒先生為執行董事」、第3 (b)項「重選林立升先生為 獨立非執行董事」及第3 (c)項「重選黃裕暉先生為獨立非執行董事」應更正如下。 「3 (a)重選雷雨潤先生為執行董事。」 「3 (b)重選雷寶蔚女士為執行董事。」 「3 (c)重選高子健先生為獨立非執行董事。」 Anchorstone Holdings Limited 基 石 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1592） 澄清公佈 茲 提 述 基 石 控 股 有 限 公 司（「 本 公 司 」）日 期 均 為 2 0 2 5 年 6 月 3 0 日 之 公 佈（「 該 公 佈」）， 內 容 有 關 於 2025 年 6 月 30 日 舉 行 之 股 東 週 年 大 會 ...

Financial Performance - The company's revenue for the year ended December 31, 2024, was approximately HKD 58.5 million, a decrease of 24.2% compared to HKD 77.2 million in 2023[11]. - Gross profit for the same period was approximately HKD 15.4 million, down 35.6% from HKD 23.9 million in 2023[11]. - The company recorded a pre-tax loss of approximately HKD 85.5 million, an increase of 122% from a loss of HKD 38.5 million in 2023[12]. - The group recorded a loss of approximately HKD 86.4 million for the year ended December 31, 2024, compared to a loss of HKD 40.4 million in 2023[19]. - The company recorded a net loss attributable to shareholders of approximately HKD 86.4 million for the year ended December 31, 2024, compared to a loss of HKD 40.4 million in 2023[22]. - Revenue from Hong Kong projects decreased by approximately HKD 16.1 million or 39% due to several large projects nearing completion and new large projects not yet commenced[40]. - Revenue from mainland China decreased from HKD 35.9 million in 2023 to HKD 33.1 million in 2024[42]. - Basic loss per share increased to approximately HKD 0.039 from HKD 0.0197 in 2023, reflecting the rise in annual losses[48]. Financial Position - The net debt increased to approximately HKD 54.1 million, compared to net assets of HKD 35.2 million in 2023[12]. - As of December 31, 2024, the total amount of bank loans, including principal and accrued interest, was approximately HKD 33.5 million, slightly up from HKD 33.2 million in 2023[19]. - The company has a net debt of HKD 54.1 million and current liabilities of HKD 40.6 million, indicating significant financial pressure[25]. - The current ratio as of December 31, 2024, is approximately 0.72, down from 1.47 as of December 31, 2023[51]. - The debt-to-equity ratio for 2024 is -479.6%, a significant decline from 62.7% in 2023[54]. - The net current liabilities as of December 31, 2024, are approximately HKD 40.6 million, a shift from net current assets of HKD 60.9 million in 2023[55]. - As of December 31, 2024, the company's capital structure includes a deficit of approximately HKD 54.1 million, compared to equity of HKD 35.2 million as of December 31, 2023[50]. Operational Challenges - The geopolitical tensions and international trade frictions continue to impact the construction industry and the company's business development[11]. - The construction materials and labor costs have risen, negatively impacting the group's profit margins[15]. - The overall economic recovery in Hong Kong is slow, with uncertainty in the property market affecting future bidding activities[15]. - The group is facing a human resources shortage due to increasing competition in the labor market[18]. - The potential time lag between receiving customer progress payments and paying subcontractors and suppliers may adversely affect cash flow[21]. - The group’s business risks are closely related to the property market and construction industry, with geopolitical tensions and rising interest rates adding uncertainty[19]. Funding and Liquidity - The company is actively seeking various funding sources to reduce overdue bank borrowings and financial pressure[8]. - The company is actively seeking new financing sources to improve liquidity and has been in discussions with banks to avoid immediate repayment of loans[30][36]. - The company is actively negotiating with banks to extend repayment dates for overdue borrowings and has received financial support from its major shareholder[26]. - The company has implemented measures to expedite project certification, customer billing, and collections to enhance future financial liquidity[26]. - Management believes that future liquidity and performance may improve, and they have reviewed cash flow forecasts covering at least twelve months from December 31, 2024[26]. Governance and Compliance - The company has established a robust governance framework for ESG matters, with the board taking ultimate responsibility for strategy, goals, policies, performance, and reporting[72]. - The board is responsible for ensuring the effectiveness of the risk management and internal control systems, with annual reviews covering all relevant factors[75]. - The company has adopted a nomination policy for the selection of directors, considering factors such as reputation, experience, and diversity[173]. - The board consists of 2 executive directors and 4 independent non-executive directors, with independent directors making up 66.7% of the board[145][147]. - The company has implemented a board diversity policy, aiming for gender balance, with 2 out of 6 board members being female[149]. Environmental, Social, and Governance (ESG) Initiatives - The company has identified 19 key environmental, social, and governance (ESG) issues relevant to stakeholders, covering areas such as "environment," "employment and labor practices," "operational practices," and "community"[82]. - Six critical issues have been prioritized, including "prevention of child and forced labor," "occupational health and safety," "anti-corruption," "product and service responsibility," "protection of intellectual property," and "protection of customer privacy"[82]. - The company has maintained consistency in reporting methods, allowing for meaningful comparisons of ESG performance over time[69]. - The company has established a quality control management system to monitor procurement and production processes, ensuring all products meet high-quality standards[87]. - The company has implemented measures to protect customer data and privacy, including installing firewalls and antivirus software in its IT systems[92]. Employee and Training - The company has 11 employees, with a turnover rate of 35%[100]. - 54% of employees participated in training programs during the reporting period, with an average training duration of approximately 10 hours per employee[106]. - The company emphasizes the importance of talent as a key driver for sustainable growth and has established employment and compensation policies to ensure a fair and inclusive work environment[97]. - The company conducts annual performance evaluations to provide promotion opportunities for outstanding employees, ensuring alignment with market trends and stakeholder needs[104]. Environmental Impact - The total greenhouse gas emissions amounted to 15.99 tons of CO2 equivalent, a decrease of approximately 35.68% compared to the previous year, with a density of 1.45 tons of CO2 equivalent per employee[114]. - Total energy consumption decreased from 83,837.76 kWh in 2023 to 52,844.08 kWh in 2024, representing a reduction of approximately 37.1%[126]. - Total waste generated decreased from 795.41 tons in 2023 to 456.40 tons in 2024, a reduction of about 42.7%[126]. - The company aims to support the Hong Kong government's goal of achieving carbon neutrality by 2050, incorporating climate-related risks and opportunities into business decisions[122]. - The company has committed to improving waste and wastewater management technologies to further reduce environmental impact[110].

Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of HKD 77,199,000, an increase from HKD 58,514,000 in 2023, representing a growth of approximately 32%[3] - The cost of sales for the same period was HKD 53,250,000, compared to HKD 43,130,000 in 2023, indicating an increase of about 23%[3] - Gross profit for the fiscal year 2024 was HKD 23,949,000, up from HKD 15,384,000 in 2023, reflecting a growth of approximately 55%[3] - The company reported an operating loss of HKD 33,317,000 for 2024, compared to a loss of HKD 80,514,000 in 2023, showing an improvement of about 59%[4] - The net loss for the fiscal year 2024 was HKD 86,372,000, compared to HKD 40,449,000 in 2023, indicating a significant increase in losses[4] - Basic and diluted loss per share for 2024 was HKD 3.90, compared to HKD 1.97 in 2023, reflecting a deterioration in per-share performance[4] Assets and Liabilities - Total assets decreased from HKD 190,274 million in 2023 to HKD 104,589 million in 2024, representing a decline of approximately 45%[5] - Current assets decreased from HKD 189,399 million in 2023 to HKD 104,577 million in 2024, a reduction of about 45%[5] - Total liabilities increased from HKD 155,029 million in 2023 to HKD 158,692 million in 2024, indicating a rise of approximately 2%[6] - Total equity decreased from HKD 35,245 million in 2023 to HKD (54,103) million in 2024, reflecting a significant decline[5] - The company reported a cumulative loss of HKD (213,003) million in 2024, compared to HKD (126,631) million in 2023, an increase in losses of approximately 68%[5] - The company’s cash and cash equivalents decreased from HKD 507 million in 2023 to HKD 308 million in 2024, a decline of about 39%[5] Operational Strategy - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings call[3] - The company is focusing on reducing operational costs to improve future profitability, as indicated by the decrease in administrative expenses from HKD 20,759,000 in 2023 to HKD 16,869,000 in 2024[4] - The company is exploring potential mergers and acquisitions to enhance its market position and product offerings[3] - The company has taken measures to accelerate customer certification, billing, and collection for completed projects[15] - The company continues to implement cost control measures to enhance operational efficiency and improve future cash flow[19] Financing and Debt - The total bank borrowings amount to approximately HKD 33,456,000, with all borrowings being overdue and in default as of December 31, 2024[13] - The total accrued interest payable is approximately HKD 20,322,000, including default interest of about HKD 898,000[13] - The group is unable to draw new loans from its bank financing, and any further withdrawals require bank approval[14] - A bank has requested immediate repayment of approximately HKD 3,425,000 in outstanding principal and accrued interest, threatening legal action if not settled within three business days[14] - The company is negotiating with banks to extend overdue loans and is confident in reaching agreements, particularly regarding a loan due on January 13, 2025[15] Revenue Breakdown - Customer contract revenue for the year ending December 31, 2024, is projected at HKD 58,514,000, a decrease of 24% from HKD 77,199,000 in 2023[24] - Revenue from Hong Kong decreased to HKD 25,220,000 in 2024, down 39% from HKD 41,260,000 in 2023[27] - Revenue from China increased to HKD 33,191,000 in 2024, compared to HKD 35,858,000 in 2023, indicating a slight decline of 7%[27] - Revenue from the supply and paving services segment for the year ending December 31, 2024, is projected at HKD 33,213,000, an increase of 36% from HKD 24,499,000 in 2023[24] Legal and Compliance - The independent auditor's report states that no opinion is expressed on the consolidated financial statements due to insufficient appropriate audit evidence[60] - The group has no other litigation cases as of the announcement date, indicating a stable legal standing[101] - The audit committee reviewed the group's annual performance for the year ended December 31, 2024, ensuring compliance with management and accounting policies[106] Corporate Governance - The group is committed to maintaining strict corporate governance and transparency for all shareholders[102] - The remuneration committee is responsible for proposing salary policies for all directors and senior management, ensuring alignment with market standards[107] - The nomination committee regularly reviews the structure and composition of the board, making recommendations for any changes[108] Future Outlook - The board believes that with certain plans and measures, the group will have sufficient working capital to meet its financial obligations within the next twelve months[63] - Management believes that future cash flow and performance may improve, and they have taken actions to enhance cash collection from completed projects[112] - The group is actively seeking other financing channels, including debt or equity financing, to improve its capital structure and reduce financial costs[113]

Group 1 - The article discusses various financial metrics such as earnings per share, net asset value per share, operating cash flow per share, and retained earnings per share [1] - It highlights key performance indicators including return on equity, gross margin, and net profit [1] - The article emphasizes the importance of revenue growth and year-over-year comparisons for net profit and non-recurring net profit [1] Group 2 - The article provides insights into liquidity ratios such as asset-liability ratio, current ratio, quick ratio, and cash ratio [1] - It categorizes financial performance by product, industry, and region [1]

Financial Performance - For the six months ended June 30, 2024, the company recorded revenue of approximately HKD 17.6 million, a decrease of 34.8% compared to the same period last year[5]. - The loss attributable to the company's owners for the period increased to approximately HKD 8.5 million, up from HKD 3.6 million in the previous period[14]. - The overall gross profit margin decreased from approximately 28.5% to 17.0%, with gross profit dropping by about 61.3% to approximately HKD 3.0 million[10]. - The company reported a gross profit of HKD 2,988,000 for the six months ended June 30, 2024, compared to HKD 7,717,000 for the same period in 2023, indicating a decline[44]. - The company incurred an operating loss of HKD 5,765,000 for the six months ended June 30, 2024, compared to an operating loss of HKD 1,020,000 for the same period in 2023[44]. - The company reported a net loss attributable to shareholders of HKD 8,522,000 for the six months ended June 30, 2024, compared to a net loss of HKD 3,590,000 for the same period in 2023[44]. - Basic and diluted loss per share was HKD 0.40 for the six months ended June 30, 2024, compared to HKD 0.24 in the previous year[84]. Revenue Breakdown - Revenue from supply and paving services was HKD 13,218 thousand, up 15.7% from HKD 11,416 thousand year-on-year[66]. - Revenue from stone sales dropped significantly to HKD 4,416 thousand, down 71.8% from HKD 15,637 thousand in the previous year[66]. - The group reported total revenue of HKD 17,634 thousand for the six months ended June 30, 2024, a decrease of 34.8% from HKD 27,053 thousand in the same period of 2023[66]. Expenses and Costs - Administrative expenses for the period remained stable at approximately HKD 8.8 million compared to the previous period[11]. - The group recognized construction costs of HKD 11,241 thousand in cost of sales, an increase of 14.9% from HKD 9,772 thousand in 2023[75]. - Financial costs decreased slightly from HKD 2.6 million to HKD 2.5 million due to the settlement of certain outstanding bank loans[12]. - Financial costs netted at HKD (2,477) thousand, slightly improved from HKD (2,570) thousand in the previous year[76]. Capital Structure and Liquidity - The company's capital structure as of June 30, 2024, included equity of approximately HKD 26.6 million and bank borrowings of approximately HKD 33.5 million[15]. - The group's current ratio as of June 30, 2024, was approximately 1.33, down from 1.47 as of December 31, 2023[18]. - The group's debt-to-equity ratio increased to approximately 67.2% as of June 30, 2024, compared to 62.9% as of December 31, 2023[20]. - The total liabilities increased to HKD 164,490,000 as of June 30, 2024, compared to HKD 155,029,000 at the end of 2023[54]. - Current liabilities rose to HKD 143,642,000 as of June 30, 2024, from HKD 128,545,000 in 2023[54]. - The group has been actively negotiating repayment plans with banks to address overdue bank loans and improve liquidity[17]. - The company is actively seeking additional financing sources, including debt or equity financing, to improve its capital structure and reduce overall financing costs[59]. Shareholder Information - Major shareholder Mr. Lei Yu-run holds 1,343,045,294 shares, representing 62.58% of the company's issued share capital[32]. - The company did not declare an interim dividend for the six months ended June 30, 2024, compared to no dividend declared for the same period in 2023[103]. Assets and Receivables - The total equity of the company decreased to HKD 26,573,000 as of June 30, 2024, down from HKD 35,245,000 as of December 31, 2023[47]. - The company reported a total of HKD 39,120,000 in receivables, up from HKD 31,234,000, indicating a 25.3% increase[90]. - As of June 30, 2024, trade receivables increased to HKD 11,567,000 from HKD 6,514,000, representing a growth of 77.5%[90]. - The company’s total assets amounted to HKD 128,015 thousand as of June 30, 2024, reflecting a significant increase from HKD 117,534 thousand at the beginning of the year[108]. Operational Insights - The company faces challenges in obtaining new bank financing due to overdue bank loans since 2020, relying on internal resources and financial support from directors[7]. - The construction market outlook in Hong Kong remains uncertain, but private and public sector project volumes are expected to continue growing[7]. - New business segments in mainland China are anticipated to contribute to the company's future growth despite local economic uncertainties[7]. - The group has not experienced any significant labor disputes or shortages affecting operations as of June 30, 2024[27]. - The group has not engaged in any major acquisitions or disposals of subsidiaries during the six months ending June 30, 2024[26]. Cash Flow and Financing Activities - For the six months ended June 30, 2024, the company reported a net cash flow from operating activities of HKD 7,271 thousand, compared to a net cash outflow of HKD 616 thousand in the same period of 2023[109]. - The company’s cash flow from financing activities showed a net outflow of HKD 7,478 thousand, contrasting with a net inflow of HKD 839 thousand in the previous year[109]. - Interest paid decreased to HKD 646 thousand from HKD 894 thousand year-over-year, indicating improved financing costs[109]. - The company’s cash and bank balance stood at HKD 517 thousand, while bank overdrafts totaled HKD (9,657) thousand at the end of the reporting period[109].