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倚賴 該等內容而引致之任何損失承擔任何責任。 ABLE ENGINEERING HOLDINGS LIMITED 安保工程控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1627） 截至二零二五年三月三十一日止年度的年度業績 安 保 工 程 控 股 有 限 公 司（「本公司」）的 董 事（「董 事」）會（「董事會」）謹 此 宣 佈，本 公 司 及 其 附 屬 公 司（統 稱「本集團」）截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度 的 綜 合 業 績， 連同上一年度的比較數字如下： 綜合損益及其他全面收入表 截至三月三十一日止年度 | | | 二零二五年 | 二零二四年 | | --- | --- | --- | --- | | | 附 註 | 千港元 | 千港元 | | 收 入 | 5 | 7,968,813 | 5,511,537 | | 銷售成本 | | (7,386,316) | (5,187,993) | | 毛 ...

Financial Performance - Revenue for the six months ended September 30, 2024, was HK$3,946,807,000, an increase of 30.3% compared to HK$3,032,016,000 in the same period last year[9]. - Gross profit for the period was HK$143,263,000, up from HK$118,969,000, reflecting a gross margin improvement[9]. - Profit for the period reached HK$99,893,000, representing a 60.7% increase from HK$62,134,000 in the previous year[9]. - Earnings per share attributable to ordinary equity holders was HK$4.99, compared to HK$3.11 for the same period last year, marking a 60.4% increase[9]. - Total comprehensive income for the period attributable to owners of the parent was HK$100,872,000, significantly higher than HK$55,472,000 in the prior year[9]. - Other comprehensive income for the period included an exchange difference gain of HK$979,000, compared to a loss of HK$6,662,000 in the previous year[9]. Expenses and Costs - Administrative expenses for the period were HK$36,808,000, a decrease from HK$47,442,000 in the previous year, indicating improved cost management[9]. - Finance costs increased to HK$19,263,000 from HK$14,998,000, reflecting higher borrowing costs[9]. - Employee benefit expenses (excluding directors' remuneration) rose to HK$155,359,000 in 2024 from HK$97,508,000 in 2023, marking an increase of 59.3%[46]. - The total current tax charge for the period was HK$17,981,000, compared to HK$15,773,000 in 2023, representing an increase of 14.0%[49]. - The gross profit margin decreased from 3.9% to 3.6% due to rising costs in labor, equipment, and subcontracting fees[107]. Assets and Liabilities - Total non-current assets increased to HK$1,882,150,000 as of September 30, 2024, up from HK$1,728,193,000 as of March 31, 2024, representing a growth of 8.9%[11]. - Current assets rose to HK$3,893,496,000, compared to HK$3,177,454,000 in the previous period, marking an increase of 22.5%[11]. - Accounts receivable surged to HK$286,359,000, a significant increase from HK$75,755,000, reflecting a growth of 277.5%[11]. - Total current liabilities increased to HK$4,111,522,000 from HK$3,286,209,000, indicating a rise of 25.1%[11]. - Net current liabilities stood at (HK$218,026,000), worsening from (HK$108,755,000) in the previous period[11]. - Cash and cash equivalents reached HK$2,408,896,000, up from HK$2,077,918,000, representing an increase of 15.9%[11]. - The Group's total equity attributable to owners of the parent was HK$1,618,438,000, slightly up from HK$1,617,566,000[12]. - The reserves increased to HK$1,598,438,000 as of September 30, 2024, compared to HK$1,597,566,000 as of March 31, 2024[15]. Cash Flow - Net cash flows from operating activities for the six months ended 30 September 2024 were HK$516,809,000, an increase from HK$388,860,000 in the same period of 2023, representing a growth of 32.9%[17]. - The net cash flows used in investing activities amounted to HK$70,519,000 for the period, compared to HK$35,146,000 in the previous year, indicating an increase of 100.7%[17]. - The net cash flows used in financing activities totaled HK$108,894,000, up from HK$80,353,000, marking an increase of 35.5%[17]. - The cash and cash equivalents at the end of the period were HK$2,408,896,000, compared to HK$1,982,646,000 at the end of the previous period, representing a growth of 21.5%[17]. Future Outlook - The company has not disclosed specific future outlook or guidance in the provided content[7]. - There is no mention of new products, technologies, market expansion, or mergers and acquisitions in the available information[7]. - The construction market outlook is supported by the HKSAR Government's commitment to increasing land supply and public housing units, indicating stable tendering opportunities in the coming years[104]. - The Group's medium to long-term outlook for the construction industry in Hong Kong is highly promising due to government initiatives addressing housing demands[167]. Shareholder Information - The Group declared a final dividend of HK$0.05 per share for the year ended March 31, 2024, totaling HK$100,000,000, consistent with the previous year[53]. - The Group's issued and fully paid share capital remained unchanged at 2,000,000,000 ordinary shares with a par value of HK$0.01 each during the period[72]. - The maximum number of shares issuable under the share option scheme is limited to 10% of the shares in issue at the adoption date, with a further limit of 1% for each eligible participant within any 12-month period[74]. - No share options were granted from the date of adoption of the share option scheme up to the date of approval of the unaudited condensed consolidated interim financial information[76]. - Golden Lux Holdings Limited holds 1,500,000,000 shares, representing 75.00% of the issued shares of the company[194]. Operational Highlights - The Group was awarded substantial construction contracts with a total value of HK$4,825 million during the Period[109]. - The Group's property, plant, and equipment amounted to HK$1,773,186,000 as of September 30, 2024, up from HK$1,612,720,000 as of March 31, 2024, indicating a growth of 9.9%[52]. - The Group's accounts receivable as of September 30, 2024, were fully settled, with 100% of the receivables from completed and ongoing contract works projects settled post-reporting period[141]. - Contract assets at the end of the current period included retention receivables of HK$513,204,000 and unbilled revenue of HK$563,066,000, compared to HK$445,540,000 and HK$368,620,000 respectively as of March 31, 2024[137][142]. - The Group's management believes that personal injury claims are well covered by insurance and will not materially impact the financial position[81].

Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 3,946,807,000, representing a 30.3% increase from HKD 3,032,016,000 in the same period last year[2] - Gross profit for the same period was HKD 143,263,000, up 20.4% from HKD 118,969,000 year-over-year[2] - The company achieved a net profit of HKD 99,893,000, which is a significant increase of 60.7% compared to HKD 62,134,000 in the previous year[4] - The earnings per share for the period was HKD 4.99, compared to HKD 3.11 in the previous year, reflecting a growth of 60.6%[8] - Other income and gains increased to HKD 27,412,000 from HKD 20,841,000, a rise of 31.0% year-over-year[2] - The total tax expense for the six months ended September 30, 2024, was HKD 17,981,000, compared to HKD 15,773,000 in 2023, indicating an increase of 14.0%[43] - The gross profit margin decreased from 3.9% to 3.6% due to rising labor, equipment, and subcontracting costs[80] - Profit attributable to the owners of the parent company increased from HKD 62,134,000 to HKD 99,893,000, reflecting a rise of HKD 37,759,000[89] Expenses and Costs - Administrative expenses decreased to HKD 36,808,000 from HKD 47,442,000, reflecting a reduction of 22.5%[2] - Financial costs rose from HKD 14,998,000 to HKD 19,263,000, attributed to a general increase in Hong Kong interbank offered rates[85] - The group's profit before tax for the six months ended September 30, 2024, included contract costs of HKD 3,803,544,000, up from HKD 2,913,047,000 in 2023, reflecting a rise of 30.5%[42] - Other payables and accrued expenses increased to HKD 2,088,742,000 from HKD 1,716,194,000, mainly due to increased provisions for contract costs[102] Assets and Liabilities - The company's total assets as of September 30, 2024, amounted to HKD 5,775,646,000, compared to HKD 4,905,647,000 as of March 31, 2024, indicating a growth of 17.7%[11] - Current liabilities increased to HKD 4,111,522,000 from HKD 3,286,209,000, representing a rise of 25.1%[11] - The total non-current assets as of September 30, 2024, amounted to HKD 1,870,359,000, an increase from HKD 1,716,528,000 as of March 31, 2024[34] - Accounts payable totaled HKD 1,498,662,000 as of September 30, 2024, compared to HKD 1,074,198,000 as of March 31, 2024, reflecting an increase of 39.4%[54] Cash Flow - The net cash flow from operating activities for the six months ended September 30, 2024, was HKD 516,809,000, an increase of 32.9% compared to HKD 388,860,000 in 2023[23] - The company reported a net cash outflow from investing activities of HKD 70,519,000, compared to HKD 35,146,000 in the previous year, indicating increased investment[23] - The financing activities resulted in a net cash outflow of HKD 108,894,000, up from HKD 80,353,000 in 2023, primarily due to higher lease payments[23] - Cash and cash equivalents increased by 16% from HKD 2,077,918,000 to HKD 2,408,896,000, mainly due to increased operating cash flow from multiple projects entering peak construction[92] Contracts and Revenue Streams - Revenue from customer contracts for the six months ended September 30, 2024, was HKD 3,946,807,000, representing a 30.3% increase from HKD 3,032,016,000 in 2023[38] - The revenue from building construction contracts was HKD 3,805,993,000, up from HKD 3,011,249,000 in 2023, reflecting strong demand in the sector[39] - The sales of prefabricated building components increased to HKD 43,770,000 from HKD 20,767,000 in the previous year, showing growth in this segment[39] Corporate Governance and Management - The board is committed to maintaining good corporate governance practices, believing it is essential for protecting shareholder interests and enhancing company value[115] - The audit committee, composed of five independent non-executive directors, reviewed the company's accounting principles and internal controls[120] - The chairman expressed gratitude to all management and employees for their contributions and to shareholders for their support[123] Employee and Operational Insights - As of September 30, 2024, the company employed approximately 560 full-time employees, up from 468 on March 31, 2024[114] - The company has not reported any seasonal or cyclical impacts on its operations during the reporting period[35] Future Outlook and Commitments - The company plans to maintain a prudent approach to cash utilization and capital commitments due to anticipated cash outflows for site redevelopment in the next six months[93] - The Hong Kong government plans to supply a total of 189,000 public housing units over the next five years, an increase of approximately 80% compared to the previous five-year term[112]

Financial Performance - For the year ended 31 March 2024, the Group's consolidated revenue increased by 8.5% to HK$5,511,537,000 from HK$5,079,222,000 in 2023[26]. - Net profit for the year ended 31 March 2024 rose by 17.7% to HK$204,889,000 compared to HK$174,068,000 in 2023[9]. - Basic earnings per share for the year was HK10.24 cents, up from HK8.70 cents in 2023[9]. - The net assets value attributable to owners of the parent increased by 6.4% to HK$1,617,566,000 as at 31 March 2024[12]. - Profit attributable to owners of the parent increased by 17.7% from HK$174,068,000 for the year ended 31 March 2023 to HK$204,889,000 for the year ended 31 March 2024[161]. - Total equity of the Group as at 31 March 2024 was HK$1,617,566,000, an increase from HK$1,520,274,000 as at 31 March 2023[161]. - The Group's cash and cash equivalents increased by 21.5% from HK$1,710,743,000 as at 31 March 2023 to HK$2,077,918,000 at 31 March 2024[161]. - The overall gross profit margin decreased from 6.2% for the year ended March 31, 2023, to 5.9% for the year ended March 31, 2024[82]. Dividends and Shareholder Returns - A final dividend of HK5.0 cents per ordinary share has been proposed for the year ended 31 March 2024, totaling HK$100,000,000[14][31]. - The Group plans to pay a final dividend of HK5.0 cents per ordinary share for the year ended 31 March 2024, consistent with the previous year[80]. Construction and Projects - The Group's newly set up pre-fabrication factory commenced production during the year, supplying integrated modules to various projects[34]. - The construction industry outlook in Hong Kong is promising, supported by government initiatives to meet housing demands[17]. - The Group's substantial contracts on hand are mainly related to building construction works from the public sector as of March 31, 2024[78]. - The Group's gross contract values for substantial contracts awarded to subsidiaries amounted to approximately HK$11,766 million, with outstanding values of HK$8,239 million as of March 31, 2024[67]. - Contracts awarded to joint operations of the Group amounted to HK$20,734 million, with outstanding values of HK$12,952 million[67]. - The construction of public housing developments accounted for significant contract values, including HK$2,738 million for Wu Shan Road, Tuen Mun, and HK$2,260 million for Yip Wong Road[38]. - The design and construction of the redevelopment of Queen Mary Hospital, Phase 1, was awarded with a contract value of HK$9,450 million[41]. - Future tendering opportunities for construction contracts from the public sector are expected to be sustainable and stable due to government initiatives[81]. Financial Position and Assets - The Group's bank borrowings as of March 31, 2024, were all denominated in Hong Kong dollars and on a floating rate basis[137]. - The property, plant, and equipment related to certain contract works amounted to HK$1,235,822,000 as of March 31, 2024, compared to HK$1,192,356,000 as of March 31, 2023[150]. - As of March 31, 2024, contract assets included retention receivables of HK$445,540,000 and unbilled revenue of HK$368,620,000, compared to HK$488,612,000 and HK$340,065,000 respectively as of March 31, 2023[143]. - Other payables and accruals amounted to HK$1,716,194,000 as of March 31, 2024, an increase from HK$1,506,987,000 as of March 31, 2023, primarily due to an increase in provision for contract works of HK$224,107,000[169]. Management and Governance - The Group's management structure includes a Nomination Committee and a Remuneration Committee, with Mr. YAU serving as the chairman of the former[183]. - The Group's management emphasizes the importance of retaining and incentivizing employees through flexible compensation strategies[181]. - The Company has complied with all code provisions of the Corporate Governance Code throughout the year ended 31 March 2024[106]. Strategic Initiatives - The Group's vertical integration strategy aims to enhance profit margins and shareholder returns by improving product quality and reducing construction time[34]. - The Group's strategic focus includes enhancing its capabilities as a contractor and broadening its customer base through collaborations[177]. - The Group will adopt a prudent approach to cash application and capital commitments due to expected cash consumption from the redevelopment of a site in Kwun Tong, Hong Kong[136]. Acquisitions and Investments - The Group acquired a 50% equity interest in Synergy Materials Limited for HK$1, resulting in a carrying amount of nil as of March 31, 2024, due to net losses incurred by Synergy Group[61]. - The Group acquired 100% of CWF Piling & Civil Engineering Company Limited for HK$25 million during the year ended March 31, 2024[152]. - The Group acquired 100% equity of Lianbang Piling Civil Engineering Limited for HKD 25 million, which holds various licenses from the Hong Kong government for construction services[174]. - The Framework Agreements with Lanon Development allow the Group to engage in contracting services until March 31, 2025, potentially expanding its customer base[176][177]. Risks and Liabilities - The Group's exposure to foreign exchange risk arises from future commercial transactions and monetary assets and liabilities not denominated in the functional currency[138]. - The company has contingent liabilities as detailed in note 34 of the financial statements, which may impact future financial performance[199].

Financial Performance - The group's revenue for the year ended March 31, 2024, was HKD 5,511,537,000, an increase from HKD 5,079,222,000 in 2023, representing a growth of approximately 8.5%[22] - The net profit for the year ended March 31, 2024, was HKD 204,889,000, compared to HKD 174,068,000 in 2023, reflecting an increase of about 17.7%[24] - The total comprehensive income for the year was HKD 197,292,000, up from HKD 167,851,000 in the previous year, indicating a growth of approximately 17.6%[16] - Total revenue for the year ending March 31, 2024, was HKD 1,383,926,000, an increase from HKD 1,338,066,000 in the previous year, representing a growth of approximately 3.4%[41] - Profit attributable to equity holders of the parent company for the year was HKD 204,889,000, compared to HKD 174,068,000 in the previous year, reflecting an increase of about 17.7%[42] - Basic and diluted earnings per share for the parent company's ordinary equity holders were HKD 10.24, up from HKD 8.70 in the previous year, indicating a growth of approximately 17.6%[43] - The overall gross profit margin decreased from 6.2% for the year ended March 31, 2023, to 5.9% for the year ended March 31, 2024[127] Assets and Liabilities - The group's total assets as of March 31, 2024, amounted to HKD 4,905,647,000, compared to HKD 4,626,481,000 in 2023, showing an increase of about 6%[26] - The group has a total equity of HKD 1,617,566,000 as of March 31, 2024, compared to HKD 1,520,274,000 in 2023, reflecting an increase of approximately 6.4%[19] - The company's current liabilities exceeded current assets by HKD 108,755,000 as of March 31, 2024, indicating liquidity concerns[47] - The group’s total receivables for the three months ended March 31, 2024, amounted to HKD 587,731,000, an increase from HKD 576,597,000 in 2023, while receivables over six months increased to HKD 325,822,000 from HKD 301,719,000[91] - The group has provided performance guarantees to banks totaling HKD 492,210,000 for certain contract works, an increase from HKD 330,318,000 in 2023[108] - The group’s accounts payable included HKD 284,193,000 in payable guarantees as of March 31, 2024, compared to HKD 318,223,000 in 2023[106] Cash Flow and Financial Expenses - The cash and cash equivalents increased to HKD 2,077,918,000 in 2024 from HKD 1,710,743,000 in 2023, representing a growth of approximately 21.4%[26] - The group reported a significant increase in bank loan interest expenses, rising to HKD 34,296,000 in 2024 from HKD 23,952,000 in 2023, which is an increase of about 43%[6] - The group’s financial expenses increased to HKD 34,761,000 in 2024 from HKD 24,508,000 in 2023, representing a rise of approximately 41.8%[6] - The group’s financial expenses for 2024 totaled HKD 49,357, a significant increase from HKD 12,109 in 2023[58] - Financial expenses increased by HKD 10,344,000 to HKD 34,761,000 for the year ended March 31, 2024, primarily due to the general rise in Hong Kong interbank offered rates[128] Operational Segments and Revenue Sources - The construction segment is the only reportable operating segment, focusing on contract engineering and the supply of prefabricated building components[54] - Revenue from building construction contracts for the year 2024 reached HKD 5,406,064, an increase of 6.5% from HKD 5,079,222 in 2023[75] - Revenue from Hong Kong operations was HKD 1,383,926,000, while revenue from mainland China was HKD 332,602,000, reflecting a growth in both regions[41] - The group’s revenue from major clients showed significant growth, with Client A contributing HKD 1,922,560 in 2024, up from HKD 1,241,548 in 2023, an increase of 54.5%[55] Employee and Administrative Expenses - The group’s employee benefits expenses (excluding director remuneration) rose to HKD 231,987 in 2024, compared to HKD 172,765 in 2023, an increase of 34.2%[78] - Administrative expenses rose from HKD 83,577,000 for the year ended March 31, 2023, to HKD 87,707,000 for the year ended March 31, 2024, mainly due to increased director bonuses and employee incentive travel[115] Dividends and Share Capital - The group proposed a final dividend of HKD 0.05 per share, consistent with the previous year[60] - The proposed final dividend amounts to HKD 100,000,000, based on the total issued shares of 2,000,000,000[112] - The total issued share capital remains unchanged at HKD 20,000,000, with 2,000,000,000 shares issued at a par value of HKD 0.01 each[107] Compliance and Governance - The company adopted new and revised Hong Kong Financial Reporting Standards during the year, which did not significantly impact the financial statements[36] - The company has maintained consistent accounting policies across its subsidiaries, ensuring uniformity in financial reporting[50] - The group has reassessed its control over subsidiaries based on changes in voting rights and other relevant factors, ensuring compliance with accounting standards[51] - The audit committee, consisting of five independent non-executive directors, has reviewed the group's accounting principles and practices, as well as internal controls and financial reporting matters[171] - The comprehensive financial statements for the year ending March 31, 2024, have been reviewed by the audit committee[171] Future Outlook - The group expects stable and continuous bidding opportunities for public works contracts due to the government's commitment to increasing housing supply and public housing units[127] - The group anticipates benefiting from government policies and expects to gain more opportunities for public engineering and housing projects in the coming years[119] Miscellaneous - The group has not recognized any impairment provisions for expected credit losses on receivables and contract assets as the expected credit loss rates are considered extremely low[103][105] - The group did not engage in any interest rate or currency hedging or speculative activities during the year ended March 31, 2024[153] - The group has no outstanding bank loans as of March 31, 2024, compared to HKD 74,948,000 as of March 31, 2023[160] - The group has begun production at a newly acquired prefabricated component factory to meet the demand for Modular Integrated Construction (MiC) and enhance productivity in the construction industry[133] - The group employed 468 full-time employees as of March 31, 2024, an increase from 320 employees as of March 31, 2023[144]

Financial Performance - Revenue for the six months ended September 30, 2023, was HK$3,032,016, an increase of 52.2% from HK$1,994,285 in the same period of 2022[6] - Gross profit for the period was HK$118,969, compared to HK$100,419 in the previous year, reflecting a gross profit margin improvement[6] - Profit before tax increased to HK$77,907, up from HK$65,034, representing a growth of 20.5% year-over-year[6] - Profit for the period reached HK$62,134, a 24.7% increase from HK$49,802 in the prior year[6] - Total comprehensive income for the period attributable to owners of the parent was HK$55,472, compared to HK$35,499 in the same period last year, marking a 56.2% increase[6] - Basic and diluted earnings per share increased to 3.11 HK cents, up from 2.49 HK cents, indicating a growth of 25%[6] Expenses and Costs - Administrative expenses rose to HK$47,442, compared to HK$36,875 in the same period last year, reflecting increased operational costs[6] - Finance costs increased to HK$14,998 from HK$7,456, indicating higher borrowing costs[6] - Employee benefit expenses (excluding directors' remuneration) rose to HK$97,508,000 for the six months ended September 30, 2023, compared to HK$75,953,000 in the same period of 2022, indicating an increase of approximately 28.3%[70] - The gross profit margin decreased from 5.0% to 3.9% due to rising costs in labor, equipment, and subcontracting fees[142] Assets and Liabilities - For the six months ended September 30, 2023, the company reported net assets of HK$1,475,746,000, a decrease from HK$1,520,274,000 as of March 31, 2023, representing a decline of approximately 2.9%[22] - Total non-current liabilities amounted to HK$484,905,000 as of September 30, 2023, down from HK$490,940,000 as of March 31, 2023, indicating a reduction of about 1.1%[22] - Current assets rose to HK$3,254,265,000, compared to HK$2,967,709,000 in the previous year, reflecting a growth of approximately 9.6%[53] - The company reported a net current asset value of HK$294,569,000, down from HK$352,442,000 as of March 31, 2023[53] - Total current liabilities increased to HK$2,959,696,000 from HK$2,615,267,000, indicating a rise of approximately 13.1%[53] Cash Flow - For the six months ended September 30, 2023, the net cash flows generated from operating activities amounted to HK$388,860,000, compared to a cash outflow of HK$137,540,000 in the same period of 2022[56] - The company incurred net cash flows used in investing activities of HK$35,146,000, compared to HK$249,970,000 in the previous year[56] - Cash and cash equivalents at the end of the period were HK$1,982,646,000, significantly higher than HK$820,015,000 at the end of the same period last year[56] Dividends - The company paid dividends amounting to HK$100,000,000 during the period, compared to HK$70,000,000 in the previous year[56] - The Group declared a final dividend of HK$0.05 per share for the year ended 31 March 2023, totaling HK$100,000,000, compared to HK$0.035 per share and HK$70,000,000 in the previous year[74] Management and Governance - The company appointed Mr. YAU Kwok Fai as Chief Executive Officer on August 29, 2023, following the resignation of Mr. CHEUNG Ho Yuen on the same date[18] - The company’s financial information is prepared in accordance with HKFRS and is presented in thousands of Hong Kong dollars (HK$'000)[24] - The unaudited condensed consolidated interim financial information has been reviewed by the company's audit committee[20] Market and Industry Outlook - The Group's optimistic outlook for the construction industry is supported by government initiatives to meet housing demands and accelerate construction processes[190] - The Hong Kong government has identified land for approximately 410,000 public housing units over the next ten years, exceeding the demand of 308,000 units[190] - The government plans to expedite the construction of around 80,000 private housing units in the next five years to address significant demand[190] Other Information - The Group's financial risk management policies remain consistent with those disclosed in the audited consolidated financial statements for the year ended March 31, 2023[134] - The Group is exposed to currency risks primarily through business activities in Mainland China, affecting cash and bank balances denominated in currencies other than the functional currency[134] - The Group's accounts receivable as of September 30, 2023, included HK$454,129,000 in unbilled revenue, an increase from HK$340,065,000 as of March 31, 2023[188]

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。 Able Engineering Holdings Limited 安保工程控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1627） 截至二零二三年九月三十日止六個月的 中期業績 安保工程控股有限公司（「本公司」）的董事會提呈本公司及其附屬公司截至二零二 三年九月三十日止六個月（「本期間」）的未經審核簡明綜合中期財務資料，連同於 去年同期的比較數字。未經審核簡明綜合中期財務資料乃未經審核，惟已由本公 司的審核委員會審閱。 綜合損益及其他全面收入表 截至二零二三年九月三十日止六個月 未經審核 截至九月三十日止六個月 二零二三年 二零二二年 附註 千港元 千港元 收入 5 3,032,016 1,994,285 合約成本 6 (2,913,047) (1,893,866) ...

Financial Performance - Revenue for the year ended March 31, 2023, was HK$5,079,222, a decrease of 8.9% from HK$5,577,514 in 2022[13] - Gross profit increased to HK$314,888, representing a 24.3% increase from HK$253,223 in the previous year[13] - Profit for the year was HK$174,068, up 41.5% from HK$122,880 in 2022[13] - Revenue for the year ended 31 March 2023 decreased by 8.9% to HK$5,079,222,000 from HK$5,577,514,000 for the year ended 31 March 2022[27] - Net profit for the year ended 31 March 2023 amounted to HK$174,068,000, representing an increase of 41.7% from HK$122,880,000 in 2022[31] - Basic earnings per share for the year ended 31 March 2023 amounted to HK8.70 cents, up from HK6.14 cents in 2022[31] - The overall gross profit margin improved from 4.5% in the previous year to 6.2% for the year ended March 31, 2023[61] - The decrease in revenue was primarily due to the completion of a substantial building construction project that contributed over 50.5% of the revenue in the previous year[60] Assets and Equity - Non-current assets rose to HK$1,658,772, an increase of 27% from HK$1,305,917 in 2022[16] - Current assets increased to HK$2,967,709, up 13.3% from HK$2,620,491 in 2022[16] - Total equity as of March 31, 2023, was HK$1,520,274, reflecting a growth of 6.9% from HK$1,422,423 in 2022[16] - The net assets of the company stood at HK$1,520,274, indicating a solid financial position[16] - The net asset value attributable to owners of the parent as at 31 March 2023 amounted to HK$1,520,274,000, representing an increase of 6.9% from HK$1,422,423,000 as at 31 March 2022[32] - The Group's total equity as of March 31, 2023, was HK$1,520,274,000, an increase from HK$1,422,423,000 as of March 31, 2022[81] Expenses and Costs - Administrative expenses decreased to HK$83,577, down 3% from HK$86,847 in 2022[13] - Finance costs increased to HK$24,508, a rise of 113% from HK$11,506 in 2022[13] - Other income and gains rose from HK$2,405,000 for the year ended March 31, 2022, to HK$12,109,000 for the year ended March 31, 2023, mainly due to subsidies received and increased interest income[66] - The overall gross profit margin increased from 4.5% for the year ended March 31, 2022, to 6.2% for the year ended March 31, 2023, primarily due to lower actual costs incurred on a significant construction project[64] Dividends - The Board recommended a final dividend of HK5.0 cents per share for the year ended 31 March 2023, compared to HK3.5 cents in 2022[35] - The total final dividend amounted to HK$100,000,000 based on 2,000,000,000 ordinary shares in issue[36] Market Outlook - The projected demand for public housing in the next 10 years will be 301,000 units, with sufficient land identified to build about 360,000 units[37] - The HKSAR Government's annual capital works expenditure will exceed HK$100 billion in the next few years[38] - The medium to long-term outlook of the construction industry in Hong Kong looks promising due to high demand for housing and the development plan of the "Northern Metropolis"[42] - The Group anticipates sustainable and stable tendering opportunities for construction contracts from the public sector due to government commitments in housing and infrastructure development[59] Corporate Governance - The Company has complied with all code provisions set out in the Corporate Governance Code throughout the financial year ended March 31, 2023[172] - The Board of Able Engineering Holdings Limited consists of nine Directors, including three Executive Directors, one Non-executive Director, and five Independent Non-executive Directors as of March 31, 2023[180] - The Company has established a rigorous system of checks and balances to ensure effective corporate governance[171] - The Company aims to achieve business excellence and fulfill its mission through a well-balanced corporate governance system[173] - The Board monitors and evaluates the performance of the management of the Group periodically[179] Management and Board Experience - Mr. Cheung Ho Yuen has over 26 years of experience in the construction industry and has been the CEO since February 2020[129] - Mr. Lau Chi Fai has over 30 years of experience in the construction industry and is responsible for project management and contract administration[131] - The company has a diverse board with members experienced in engineering, education, and finance, enhancing its governance and strategic oversight[158] - The diverse expertise of the board members supports the company's strategic decision-making and long-term growth objectives[161] Employee Information - The Group employed 320 full-time employees as of March 31, 2023, down from 352 employees as of March 31, 2022[119] - The Group's employee remuneration includes discretionary bonuses and share options based on performance, with benefits such as medical insurance and education subsidies[119]

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。 ABLE ENGINEERING HOLDINGS LIMITED 安保工程控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1627） 截至二零二三年三月三十一日止年度的年度業績 安保工程控股有限公司（「本公司」）的董事（「董事」）會（「董事會」）謹此宣佈，本公司 及其附屬公司（統稱「本集團」）截至二零二三年三月三十一日止年度的綜合業績， 連同上一年度的比較數字如下： 綜合損益及其他全面收入表 截至三月三十一日止年度 二零二三年 二零二二年 附註 千港元 千港元 收入 5 5,079,222 5,577,514 合約成本 (4,764,334) (5,324,291) ...

Financial Performance - Revenue for the six months ended September 30, 2022, was HK$1,994,285,000, a slight decrease of 0.4% compared to HK$2,001,876,000 in the same period of 2021[9]. - Gross profit increased to HK$100,419,000, compared to HK$67,654,000 in the previous year, reflecting a significant improvement in profitability[9]. - Profit before tax rose to HK$65,034,000, up from HK$22,354,000, indicating a year-over-year increase of 191.5%[9]. - Profit for the period was HK$49,802,000, compared to HK$13,528,000 in the same period last year, representing a growth of 267.5%[9]. - Total comprehensive income for the period attributable to owners of the parent was HK$35,499,000, compared to HK$13,528,000 in the previous year[9]. - Earnings per share attributable to ordinary equity holders of the parent increased to 2.49 HK cents, up from 0.68 HK cents in the prior year[9]. - Other income and gains for the same period totaled HK$4,923,000, significantly up from HK$904,000 in 2021, driven by increased interest income and government subsidies[45]. - Profit attributable to owners of the parent increased by HK$36,274,000 from HK$13,528,000 to HK$49,802,000[132]. Tax and Expenses - The company reported an income tax expense of HK$15,232,000, compared to HK$8,826,000 in the previous year[9]. - Employee benefit expenses (excluding directors' remuneration) were HK$75,953,000, a decrease from HK$87,844,000 in the previous year[49]. - Administrative expenses decreased by HK$7,032,000 from HK$43,907,000 to HK$36,875,000, mainly due to a reduction in donations by HK$10,000,000[121]. - Finance costs rose to HK$7,456,000 from HK$5,373,000, with an increase in bank loan interest by HK$2,186,000 due to a rise in the Hong Kong Interbank Offered Rate[128]. Assets and Liabilities - Total non-current assets increased to HK$1,589,543,000 as of September 30, 2022, up from HK$1,305,917,000 as of March 31, 2022, representing a growth of 21.7%[11]. - Current assets decreased to HK$1,990,477,000 as of September 30, 2022, down from HK$2,620,491,000 as of March 31, 2022, a decline of 24%[11]. - Total current liabilities decreased to HK$1,699,945,000 as of September 30, 2022, compared to HK$2,009,786,000 as of March 31, 2022, a reduction of 15.4%[11]. - Net current assets fell to HK$290,532,000 as of September 30, 2022, down from HK$610,705,000 as of March 31, 2022, a decrease of 52.4%[11]. - Total equity attributable to owners of the parent decreased to HK$1,387,922,000 as of September 30, 2022, down from HK$1,422,423,000 as of March 31, 2022, a decline of 2.4%[12]. - The Group's cash and cash equivalents decreased by 45% from HK$1,502,962,000 to HK$820,015,000, primarily due to net repayments of bank loans and cash outflows from operating activities[137]. - The Group's bank loans at period end amounted to HK$24,680,000, down from HK$110,442,000 as of March 31, 2022, secured by certain deposits[161]. Business Operations - The Group was primarily engaged in building construction and RMAA works in Hong Kong during the six months ended 30 September 2022[22][24]. - Revenue during the period was solely derived from the contract works business in Hong Kong, with no segment information presented for prefabrication[36][37]. - The Group is organized into two reportable operating segments: contract works and prefabrication[35]. - The contract works segment acts as a main contractor or sub-contractor primarily for building construction and RMAA works[35]. - The prefabrication segment engages in manufacturing, processing, and sale of pre-fabrication items[35]. Acquisitions and Investments - The acquisition of Gain Capital Corporation Limited was made for upstream expansion into the prefabrication business[22][24]. - The Group completed the acquisition of Gain Capital for a cash consideration of HK$181,400,000 on May 5, 2022[81]. - The Group acquired the Huizhou Factory for HK$213,388,000 during the reporting period, marking a significant investment in property, plant, and equipment[59]. - The net assets acquired in the GC Acquisition included property, plant, and equipment valued at HK$213,388,000 and cash and bank balances of HK$1,093,000[86]. - The total cash outflow related to the GC Acquisition, including transaction costs, was HK$181,389,000[87]. Future Outlook - The company has not disclosed specific future outlook or guidance in the provided content[7]. - The Group expects significant cash consumption in the coming six months due to the redevelopment of the Site and construction of the Huizhou Factory[140]. - The construction industry outlook in Hong Kong is promising due to strong demand for housing and healthcare services, supported by government development projects[176]. - The HKSAR Government plans to provide 360,000 public housing units from 2023 to 2032, aiming to meet a 10-year target of 301,000 units[174]. Share Capital and Ownership - The Group's share capital remained unchanged at HK$20,000,000, with 2,000,000,000 ordinary shares issued and fully paid as of September 30, 2022[73][74]. - No share options were granted from the adoption of the share option scheme on August 31, 2018, up to the date of the interim financial information approval[80]. - The Company did not have any arrangements enabling Directors or their families to acquire benefits through share or debenture purchases during the six months ended September 30, 2022[193]. - The entire issued share capital of Golden More Limited is legally and beneficially owned by Mr. NGAI[188].