Financial Performance - The Group recorded a revenue increase of approximately HK$201.0 million, or 26.7%, from approximately HK$753.3 million in FY2022 to approximately HK$954.3 million in FY2023[13] - The Group reported a loss of approximately HK$11.0 million for FY2023, compared to a profit of approximately HK$11.7 million in FY2022[14] - Gross profit decreased by approximately HK$36.9 million, or 80.9%, from approximately HK$45.6 million for FY2022 to approximately HK$8.7 million for FY2023, with a gross profit margin decline of 5.2 percentage points to approximately 0.9%[50] - Other income for FY2023 increased by approximately HK$8.0 million to approximately HK$10.9 million, primarily due to a government grant of approximately HK$6.2 million received from the Employment Support Scheme[51] - The company recorded an other loss of approximately HK$4.2 million for FY2023, mainly due to a fair value loss of financial assets at fair value through profit or loss[52] - Net impairment loss under the expected credit loss model was approximately HK$1.8 million for FY2023, compared to HK$1.3 million for FY2022[53] - Administrative expenses increased by approximately HK$3.5 million to approximately HK$27.5 million for FY2023[54] - The Board did not recommend any final dividend for FY2023, compared to HK1.0 cent per ordinary share in FY2022[15] Revenue Breakdown - Revenue from MVAC system projects contributed 77.6% of total revenue, while low voltage electrical system projects contributed 22.4%[13] - Revenue contribution from low voltage electrical system projects remained stable at around 15% to 23% of total revenue, despite the overall revenue increase[23] - Projects related to the supply, installation, and maintenance of MVAC system and low voltage electrical system contributed approximately 77.6% and 22.4% of revenue respectively for FY2023[49] - Major projects undertaken in FY2023 included MVAC system installations, with revenue contributions of HK$213.5 million from a commercial development at Chek Lap Kok[44] - Revenue from MVAC system projects decreased from 84.4% in FY2022 to 77.6% in FY2023, indicating a shift in project focus[42] Future Outlook and Strategy - The Group aims to expand its service capabilities in MVAC and low voltage electrical systems to capture additional business opportunities[26] - The demand for construction and E&M engineering services is expected to remain strong due to government efforts to address housing supply[25] - The future demand for construction and E&M engineering services is expected to remain stable due to government initiatives to increase housing supply and develop infrastructure projects[28] - The Group plans to diversify its E&M engineering services, including fire services and plumbing systems, to enhance competitiveness[28] - The Group maintains a positive outlook for stable business growth and long-term value creation for shareholders[28] Capital Structure and Financial Position - As of March 31, 2023, the capital structure consisted of equity of approximately HK$244.1 million, down from HK$290.8 million in 2022, with no bank borrowings[64] - The group held cash and short-term bank deposits of approximately HK$114.0 million as of March 31, 2023, down from HK$249.5 million in 2022[65] - The current ratio as of March 31, 2023, was approximately 1.6 times, compared to 2.0 times in 2022[66] - As of March 31, 2023, the Group had net current assets of approximately HK$169.4 million, a decrease from HK$216.0 million in 2022, primarily due to a net loss and the declaration of dividends[82] - The Group's capital expenditures for FY2023 amounted to approximately HK$0.7 million, an increase from HK$0.2 million in 2022, mainly for the purchase of property and equipment[84] Corporate Governance - The Board currently consists of six Directors, including three executive Directors and three independent non-executive Directors[118] - The Chairman and Chief Executive Officer roles are held separately by Mr. Yu Cheung Choy and Mr. Lau Man Ching, respectively, ensuring independence and accountability[126] - All Directors participated in continuous professional development, enhancing their knowledge and skills relevant to their duties[121] - The independent non-executive Directors are appointed for a specific term and are subject to retirement by rotation at least once every three years[131] - The Board is primarily responsible for establishing overall strategies, setting objectives, and monitoring senior management performance[133] - Management is responsible for implementing strategies set by the Board and reporting on the Group's operations regularly[134] - Each Director has independent access to senior management and can seek independent professional advice at the Group's expense[135] - The Company considers all independent non-executive Directors to be independent under Rule 3.13 of the Listing Rules[132] - The Board adopted a board diversity policy to ensure a balanced composition of skills and experience[136] - The Company provides monthly updates on performance and financial position to all Directors to assist in fulfilling their duties[135] Board Meetings and Committees - The Board held five meetings during the year, ensuring all Directors had the opportunity to propose agenda items[152] - The Company is committed to maintaining a balanced mix of executive and non-executive directors to ensure strong independence[154] - The Board will review its structure and diversity policy at least annually to comply with relevant regulations[154] - The Nomination Committee is responsible for reviewing the Board Diversity Policy and setting measurable objectives for its implementation[141] - The Nomination Committee consists of three independent non-executive Directors, including Mr. Lee Wing Kee as chairman[163] - The Nomination Committee's primary duties include reviewing the Board's structure and diversity at least annually[164] - The Remuneration Committee held one meeting during the year and considered the adoption of a staff welfare scheme for current and potential talents[179] - The Remuneration Committee reviewed the bonus proposal for executive Directors and senior management for the year[179] - The Audit Committee held two meetings during the year and noted the existing risk management and internal control systems of the Group[187] - The accounts for the year were audited by Deloitte Touche Tohmatsu, which will be recommended for re-appointment at the upcoming annual general meeting[190] - The Audit Committee reviewed significant financial reporting judgments contained in the financial statements and annual report[183] - The terms of reference of both the Remuneration and Audit Committees are aligned with the provisions set out in the Corporate Governance Code[182] - The Company established the Audit Committee and Remuneration Committee on December 6, 2016, consisting of three independent non-executive Directors each[181] Employee and Operational Metrics - The total number of employees as of March 31, 2023, was 200, a decrease from 207 in 2022[96] - The Group did not have any material acquisitions or disposals during FY2023[97] - The Group did not hold any significant investments as of March 31, 2023[98] - The Group had no plans for material investments or capital assets as of March 31, 2023[99] - Appropriate insurance coverage has been arranged for actions against its Directors[155] - The Company held one general meeting during the year, specifically the 2022 annual general meeting on September 1, 2022[156] - The Company engaged an external professional company secretarial services provider to assist with compliance and regulatory needs[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。 SH GROUP (HOLDINGS) LIMITED 順 興 集 團（ 控 股 ）有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1637） 截至二零二三年三月三十一日止年度 全年業績公告 財務摘要 （截至二零二三年三月三十一日止年度） – 收益約為9億5,430萬港元（二零二二年：7億5,330萬港元） – 毛利約為870萬港元（二零二二年：4,560萬港元） – 本公司擁有人應佔年內虧損約為1,100萬港元（二零二二年：溢利1,170萬港元） – 每股基本虧損約為每股2.8港仙（二零二二年：盈利每股2.9港仙） ...

Revenue and Projects - Revenue increased by approximately HK$120.0 million, or 32.4%, from approximately HK$370.0 million in the last period to approximately HK$490.0 million in the current period[13]. - The Group was awarded 3 projects with an aggregate contract sum of approximately HK$185.5 million related to MVAC system installation during the current period[14]. - Revenue from MVAC system projects accounted for approximately 80.0% of total revenue, while low voltage electrical system projects contributed approximately 20.0% in the current period[21]. - The largest project awarded was for MVAC system installation for a property development in Yuen Long, with a contract sum of HK$160.9 million[17]. - The second largest project was for MVAC system installation for a commercial building in Tuen Mun, with a contract sum of HK$14.6 million[17]. - The Group's focus remains on the supply, installation, and maintenance of MVAC systems and low voltage electrical systems[21]. - The revenue contribution from MVAC systems decreased slightly from 83.2% in the previous year to 80.0% in the current period[21]. - New projects awarded indicate a strong pipeline for future revenue growth[14]. - The Group continues to explore opportunities for market expansion in both private and public sectors[12]. Financial Performance - Gross profit decreased by approximately HK$30.0 million, or 91.2%, from approximately HK$32.9 million to approximately HK$2.9 million, with a gross profit margin decline of approximately 8.3 percentage points to approximately 0.6%[32]. - Other income increased by approximately HK$6.3 million to approximately HK$8.1 million, primarily due to government grants received during the Current Period[34]. - Other loss increased by approximately HK$2.8 million to approximately HK$7.7 million, attributed to increased fair value loss on financial assets[39]. - Administrative expenses rose by approximately HK$1.2 million to approximately HK$13.8 million for the Current Period[41]. - The Group recorded a loss attributable to owners of approximately HK$9.7 million for the Current Period, compared to a profit of approximately HK$13.5 million for the Last Period[44]. - The company reported a loss before taxation of HK$11,363,000, compared to a profit of HK$16,943,000 in the same period last year[127]. - Basic loss per share was HK$2.4, a decline from earnings of HK$3.4 per share in the prior year[127]. - For the six months ended September 30, 2022, the company reported a loss of HK$9,736,000 compared to a profit of HK$13,538,000 for the same period in 2021, representing a year-over-year decline of 172%[134]. Assets and Liabilities - The current ratio of the Group was approximately 1.5 times as of 30 September 2022, down from 2.0 times as of 31 March 2022[48]. - The Group held short-term bank deposits and cash equivalents of approximately HK$183.1 million as of 30 September 2022, down from HK$249.5 million as of 31 March 2022[47]. - As of September 30, 2022, the group had net current assets of approximately HK$171.5 million, a decrease from HK$216.0 million as of March 31, 2022, primarily due to the net loss recorded and the declaration of dividends[64]. - Total assets as of September 30, 2022, were HK$493,566,000, an increase from HK$432,341,000 as of March 31, 2022[130]. - Current liabilities increased to HK$322,110,000, up from HK$216,312,000 at the end of the previous fiscal year[130]. - Net assets decreased to HK$245,383,000 from HK$290,836,000 as of March 31, 2022[131]. - Trade receivables saw a significant decrease of HK$59,225,000 in 2022, contrasting with an increase of HK$23,467,000 in 2021, suggesting challenges in collection[136]. Cash Flow and Investments - Operating cash flows before movements in working capital were negative at HK$3,190,000 for the six months ended September 30, 2022, compared to positive cash flows of HK$22,143,000 in the prior year[136]. - Net cash used in operating activities increased significantly to HK$45,953,000 in 2022 from HK$10,483,000 in 2021, indicating a deterioration in cash flow management[136]. - The company experienced a net cash outflow from investing activities of HK$101,254,000 for the six months ended September 30, 2022, compared to HK$10,354,000 in the same period of 2021, highlighting increased investment activity[136]. - Cash and cash equivalents at the end of the period decreased to HK$83,111,000 from HK$198,671,000, a decline of approximately 58%[136]. Employee and Operational Metrics - The total staff costs for the current period amounted to approximately HK$51.8 million, compared to HK$45.9 million in the previous year, reflecting an increase in employee remuneration[78]. - The group had a total of 209 employees as of September 30, 2022, an increase from 207 employees as of March 31, 2022[78]. - The Group's property and equipment, along with right-of-use assets, amounted to HK$20,688,000 as of 30 September 2022, a slight decrease from HK$21,527,000 as of 31 March 2022[170]. Shareholder Information - The interests of directors in shares included 246 million shares held by Yu Cheung Choy, representing 61.5% of the issued share capital[99]. - Lau Man Ching held 54 million shares, representing 13.5% of the issued share capital[99]. - The Company did not purchase, sell, or redeem any of its listed securities during the current period[109]. - The Company has established an Audit Committee to monitor financial integrity and risk management[110]. Accounting Policies and Changes - The Group's accounting policies and calculation methods for the interim financial statements remain consistent with those used in the annual financial statements for the year ended March 31, 2022[3]. - The application of HKAS 37 amendments resulted in a net decrease in loss and total comprehensive expense for the period of HK$5,837,000[156]. - The cumulative effect of the new accounting policy was recognized at the date of initial application, April 1, 2022, without restating comparative information[151].

Financial Performance - The Group recorded a revenue increase of approximately HK$45.7 million, or 6.5%, from approximately HK$707.6 million in FY2021 to approximately HK$753.3 million in FY2022[13] - The profit for the Year was approximately HK$11.7 million, representing a decrease of 73.5% or HK$32.4 million from approximately HK$44.1 million in FY2021[14] - Gross profit decreased by approximately HK$15.8 million, or 25.7%, from approximately HK$61.4 million for FY2021 to approximately HK$45.6 million for FY2022, with a gross profit margin decrease of approximately 2.6 percentage points to 6.1%[51] - Other income decreased by approximately HK$7.3 million, from approximately HK$10.2 million for FY2021 to approximately HK$2.9 million for FY2022, primarily due to the absence of government grants[52] - The profit attributable to owners of the Company decreased by approximately HK$32.4 million, or approximately 73.5%, from approximately HK$44.1 million for FY2021 to approximately HK$11.7 million for FY2022[63] Revenue Sources - The revenue generated by MVAC system projects contributed 84.4% of total revenue, while low voltage electrical system projects contributed 15.6%[13] - The Group aims to steadily increase revenue and profit from low voltage electrical system projects, maintaining a contribution level of around 15% to 20%[23] - Revenue from MVAC system projects accounted for approximately 84.4% and low voltage electrical system projects accounted for approximately 15.6% of total revenue in FY2022[42] Project Awards - The Group was awarded 11 MVAC system installation projects with an aggregate contract sum of approximately HK$682.9 million during the Year[16] - One project related to low voltage electrical system installation was awarded with a contract sum of approximately HK$108.7 million[23] - The Group was awarded 12 projects in FY2022 with an aggregate contract sum of approximately HK$791.6 million, including a project related to electrical system installation valued at approximately HK$108.7 million[36] - Major projects undertaken in FY2022 included MVAC system installations for residential developments at Kai Tak and Tseung Kwan O, with contract sums of HK$145.4 million and HK$125.4 million respectively[40] - The five largest projects awarded in FY2022 included significant contracts for MVAC and electrical system installations, reflecting the Group's strong market position[40] Industry Challenges and Outlook - The construction and E&M engineering services industry faced challenges such as manpower shortages and logistic delays due to the ongoing Covid-19 pandemic[24] - The anticipated increase in demand for construction and engineering services is driven by government initiatives to boost housing supply and infrastructure development in Hong Kong[27] - The Group anticipates that the progress of construction and E&M engineering projects in Hong Kong will ramp up as the impacts of Covid-19 are gradually controlled[25] - The impact of Covid-19 on logistics and material costs is expected to gradually improve as the situation stabilizes in Hong Kong and mainland China[27] Corporate Governance - The Board consists of six Directors, including three executive Directors and three independent non-executive Directors, ensuring a balanced composition for effective leadership[120] - The Company has adopted a Board Diversity Policy to achieve diversity on the Board, considering factors such as gender, age, and professional experience[139] - The independent non-executive Directors are appointed for a specific term and are subject to retirement by rotation at least once every three years[134] - The Board is primarily responsible for establishing overall strategies and monitoring the performance of senior management[136] - The management, led by executive Directors, is responsible for implementing strategies and reporting on the Group's operations to the Board regularly[137] Financial Position - As of March 31, 2022, the Group held cash and cash equivalents of approximately HK$249.5 million, an increase from HK$236.0 million in 2021[66] - The current ratio of the Group was approximately 2.0 times as of March 31, 2022, compared to 2.1 times in 2021[67] - As of March 31, 2022, the Group had net current assets of approximately HK$216.0 million, a decrease from HK$232.2 million in 2021, primarily due to the purchase of financial assets and the payment of final dividends[84] - The Group had a facility agreement with a limit of HK$150.0 million as of March 31, 2022, up from HK$80.0 million in 2021[76] Committees and Meetings - The Company established a Nomination Committee on December 6, 2016, consisting of three independent non-executive Directors[159] - The Audit Committee held 2 meetings during the Year[181] - The Remuneration Committee also held 1 meeting during the year[174] - The Nomination Committee held 1 meeting during the year[169] - The Board held 4 meetings during the year, with all Directors attending all meetings, achieving a 100% attendance rate[146] Employee and Management Information - The total number of employees increased to 207 as of March 31, 2022, from 191 in 2021[98] - Senior management's remuneration for the Year fell within the following bands: 1 individual earned up to HK$1,000,000, 3 individuals earned between HK$1,000,001 and HK$1,500,000, and 1 individual earned between HK$1,500,001 and HK$2,000,000[190] Miscellaneous - The Group expresses appreciation to its management team, staff, customers, suppliers, and shareholders for their ongoing support during challenging times[30] - The Company engaged Uni-1 Corporate Services Limited for compliance and company secretarial services to adapt to regulatory changes[197] - The Corporate Governance Report has been published, indicating a focus on governance practices[200]

Revenue and Profitability - Revenue increased by approximately HK$36.8 million, or 11.0%, from approximately HK$333.2 million in the last period to approximately HK$370.0 million in the current period[11] - Revenue from MVAC system projects accounted for approximately 83.2% of total revenue, while low voltage electrical system projects contributed 16.8% in the current period[19] - Gross profit increased by approximately HK$4.1 million, or 14.2%, from approximately HK$28.8 million for the Last Period to approximately HK$32.9 million for the Current Period[32] - Gross profit margin slightly increased by approximately 0.3 percentage points, from approximately 8.6% for the Last Period to approximately 8.9% for the Current Period[32] - Profit attributable to owners of the Company decreased by approximately HK$4.9 million or approximately 26.6%, from approximately HK$18.4 million for the Last Period to approximately HK$13.5 million for the Current Period[44] - Net profit for the period was HK$13,538,000, a decline of 26.1% from HK$18,358,000 in the prior year[120] - Basic earnings per share decreased to 3.4 HK cents, down from 4.6 HK cents in the same period of 2020[120] Project Awards and Operations - The Group was awarded 6 projects with an aggregate contract sum of approximately HK$190.7 million, primarily related to MVAC system installation[12] - The five largest projects awarded in the current period include a contract sum of HK$74.0 million for a non-residential development at Sai Wan Ho, and HK$56.4 million for a residential development at Kai Tak[15] - Major projects undertaken in the current period continued to focus on MVAC system and low voltage electrical system, reflecting a shift from 74.0% and 26.0% in the previous year[19] - The Group's revenue for the current period reflects a strong demand for E&M engineering services in both private and public sectors[10] - Future outlook indicates continued growth in revenue driven by new project awards and ongoing maintenance contracts[10] Financial Position and Liquidity - The current ratio of the Group was approximately 2.1 times as of 30 September 2021[47] - Cash and cash equivalents held by the Group were approximately HK$198.7 million as of 30 September 2021[46] - As of 30 September 2021, the Group's net current assets were approximately HK$221.9 million, a decrease from HK$232.2 million as of 31 March 2021, primarily due to the purchase of financial assets and the payment of dividends[58] - The Group maintained a strong liquidity position with cash and cash equivalents of approximately HK$198.7 million as of 30 September 2021, down from HK$236.0 million as of 31 March 2021[51] - The Group's gearing ratio was nil as of 30 September 2021, indicating no bank borrowings[57] Corporate Governance and Shareholding - The Company is committed to maintaining good corporate governance standards to enhance shareholder value[85] - The Company complied with all relevant code provisions set out in the Corporate Governance Code during the current period[86] - As of September 30, 2021, Yu Cheung Choy held a long position of 246,000,000 shares, representing approximately 61.50% of the issued share capital[93] - Lau Man Ching held a long position of 54,000,000 shares, representing approximately 13.50% of the issued share capital[93] - Other than the interests of the Directors and chief executives, no substantial shareholders had notified the Company of relevant interests or short positions in shares as of September 30, 2021[95] Cash Flow and Investments - For the six months ended September 30, 2021, the net cash used in operating activities was HK$10,483,000, a significant decrease compared to HK$40,795,000 in the same period of 2020[129] - The cash and cash equivalents at the end of the period were HK$198,671,000, compared to HK$167,975,000 at the end of the same period in 2020, indicating an increase[129] - The net cash used in investing activities was HK$10,354,000, which increased from HK$3,554,000 in the previous year[129] - The cash used in financing activities was HK$16,532,000, compared to HK$8,619,000 in the same period of 2020, indicating a higher cash outflow[129] Employee and Operational Metrics - As of September 30, 2021, the Group had a total of 187 employees, a decrease from 191 employees as of March 31, 2021[76] - Total staff costs rose to HK$45,898,000, an increase of 13.0% from HK$40,610,000 in the same period of 2020[160] Impairments and Losses - The company recognized a net impairment loss of HK$118,000 under the expected credit loss model, compared to HK$40,000 in the previous year[120] - Fair value loss on financial assets was HK$4,945,000, compared to a loss of HK$1,375,000 in the previous year, indicating a significant increase in losses[156] Dividends - A final dividend of HK$3.9 cents per ordinary share was declared and paid, totaling HK$15.6 million, compared to HK$1.7 cents per share totaling HK$6.8 million in the previous year[170][171] - The Group did not declare any interim dividend for the six months ended 30 September 2021, compared to no interim dividend declared in 2020[172]

Financial Performance - The Group recorded a revenue increase of approximately HK$139.2 million, or 24.5%, from HK$568.4 million in FY2020 to HK$707.6 million in FY2021[12]. - The profit for the Year was approximately HK$44.1 million, representing a 69.6% increase from HK$26.0 million in FY2020[13]. - Revenue from MVAC system projects contributed 81.1% of total revenue, while low voltage electrical system projects contributed 18.9%[12]. - The Group was awarded 13 MVAC system installation projects with a total contract sum of approximately HK$945.4 million during the Year[15]. - The Group was awarded 3 low voltage electrical system projects with a total contract sum of approximately HK$489.0 million, maintaining around 20% contribution to total revenue[22]. - Revenue increased by approximately HK$139.2 million, or 24.5%, from approximately HK$568.4 million for FY2020 to approximately HK$707.6 million for FY2021[34]. - The Group was awarded 16 projects in FY2021 with an aggregate contract sum of approximately HK$1,434.4 million, including 3 projects related to electrical system installation totaling approximately HK$489.0 million[35]. - The five largest projects awarded in FY2021 included an electrical system installation for a residential development at Sham Shui Po with a contract sum of HK$294.2 million[38]. - Profit attributable to owners of the Company increased by approximately HK$18.1 million, or approximately 69.6%, from approximately HK$26.0 million for FY2020 to approximately HK$44.1 million for FY2021[60]. Dividends and Shareholder Returns - The Board recommended a final dividend of HK3.9 cents per ordinary share for the Year, up from HK1.7 cents in the previous year[14]. Market Outlook and Industry Challenges - The outlook indicates opportunities arising from government infrastructure investments and initiatives like the "Land Sharing Pilot Scheme" and "Construction 2.0"[24]. - The construction and E&M engineering services industry faces challenges such as elevated competition and raw material price increases, but the demand is expected to rise due to government projects[23]. - The Hong Kong government’s infrastructure investment plans are expected to increase demand for construction and E&M engineering services in the coming years[26]. Business Strategy and Technology Adoption - The Group's business plan aims to steadily increase revenue and profit from low voltage electrical system projects[22]. - Advanced technologies like Building Information Modelling (BIM) and Modular Integrated Construction (MiC) are being promoted to improve industry productivity[24]. - Advanced technologies such as BIM and MiC are being adopted to enhance productivity in the construction industry[26]. - The Group aims to maintain stable revenue and earnings while diversifying projects and adopting a more competitive pricing strategy[28]. Financial Position and Ratios - As of March 31, 2021, the Group held cash and cash equivalents of approximately HK$236.0 million, an increase from approximately HK$139.4 million in 2020[63]. - The current ratio of the Group as of March 31, 2021, was approximately 2.1 times, down from 2.8 times in 2020[64]. - As of March 31, 2021, the Group had net current assets of approximately HK$232.2 million, an increase from HK$217.9 million in 2020, primarily due to net profit generated from operations[80]. - The Group's capital expenditures for FY2021 amounted to approximately HK$0.2 million, a decrease from HK$1.4 million in 2020, mainly for the purchase of property and equipment[82]. - Performance guarantees provided by banks in favor of the Group's customers amounted to approximately HK$155.4 million as of March 31, 2021, up from HK$121.8 million in 2020[84]. - The Group had no bank borrowings as of March 31, 2021, compared to HK$6.8 million in 2020[79]. - The Group's capital commitments related to the acquisition of property and equipment were approximately HK$0.1 million as of March 31, 2021, down from HK$0.2 million in 2020[99]. - The Group's leasehold land and buildings pledged with a bank amounted to approximately HK$18.5 million as of March 31, 2021, compared to HK$19.2 million in 2020[92]. - The Group's capital debt ratio was approximately 2.6% as of March 31, 2020, calculated based on bank borrowings divided by total equity[79]. Employee and Training Initiatives - The total number of employees increased to 191 as of March 31, 2021, from 146 in 2020[94]. - A wide spectrum of training activities is implemented for employee development, including induction programs to familiarize new employees with the Group's structure and policies[176]. - The Group provided extensive training programs for employees, including Building Information Modeling and building energy efficiency training, to enhance their skills and regulatory awareness[180]. - Employees participated in various training courses during the Year, focusing on both technical and general aspects, to support their professional growth[180]. Environmental, Social, and Governance (ESG) Initiatives - The ESG working group is responsible for collecting and analyzing internal ESG data and preparing the ESG report, ensuring compliance with relevant laws and regulations[114][116]. - A materiality assessment was conducted to identify relevant ESG issues, with key issues including air and greenhouse gas emissions, waste management, energy consumption and efficiency, and noise control[120][121]. - The Group's governance framework aligns ESG governance with strategic development, involving the Board and an ESG working group composed of senior management[111]. - Stakeholder engagement is prioritized, with communication channels established for shareholders, employees, customers, suppliers, and the community to gather feedback on ESG issues[115][118]. - The Audit Committee oversees risk management and internal control systems, ensuring that ESG risks are adequately covered and reviewed annually[109][111]. - The Group's vision focuses on sustainable business development and creating value for the environment, community, and stakeholders[111]. - Compliance with new regulatory obligations is monitored by the ESG working group, which communicates necessary actions to relevant departments[114][116]. - Key material ESG issues have been validated and linked to respective aspects and key performance indicators of the ESG Guide[122]. - The Group's commitment to social aspects includes equal opportunities, occupational health and safety, and community investment through charity support[124]. Environmental Management and Compliance - Total indirect GHG emissions for FY2021 were 72.1 tonnes CO2e, a slight decrease from 72.4 tonnes in FY2020, with emissions intensity remaining stable at 0.0038 tonnes CO2e per square foot[130][134]. - During FY2021, the Group consumed 7.2 tonnes of paper, an increase from 6.4 tonnes in FY2020, while recycling efforts resulted in 0.8 tonnes of paper recycled, down from 1.8 tonnes[139]. - The Group has implemented various energy-saving initiatives, including the use of energy-efficient appliances in offices, to manage GHG emissions[130][138]. - The Group has not identified any material non-compliance with environment-related laws and regulations in Hong Kong during the year[127]. - Stringent controls are in place for potential hazardous waste generated by subcontractors, requiring compliance with the Waste Disposal Ordinance[140]. - The Group promotes the use of environmentally friendly refrigerants and avoids ozone-depleting substances in its projects[132]. - The Group has established guidelines for subcontractors to ensure proper waste management and disposal practices[140]. - The Group's commitment to environmental management is guided by the ISO 14001:2015 and OHSAS 18001:2007 standards[130][134]. - The Group has cooperated with employees and contractors to enhance awareness of environmental protection, focusing on key areas such as GHG emissions and energy efficiency[130][134]. - The Group encourages subcontractors to use low-sulfur diesel for vehicles and conduct regular inspections to meet emission levels stipulated by law[131]. - The Group consumed 111,947 kWh of electricity in FY2021, an increase from 100,444 kWh in FY2020, reflecting business growth and increased staff numbers[144]. - The electricity consumption intensity was 5.9 kWh per square foot of office area in FY2021, up from 5.3 kWh per square foot in FY2020[147]. - The Group implemented energy-saving initiatives, including using energy-efficient appliances and encouraging employees to adopt energy-saving behaviors[148]. - The Group recycled 0.8 tons of paper in FY2021, down from 1.8 tons in FY2020, as part of its waste reduction efforts[142]. - The Group initiated a "Collection of Recycle Paper Program" to promote paper sorting and recycling in Southeast Asia[142]. - The Group established an ISO 14001:2015 accredited environmental management system to enhance environmental stewardship[153]. - The Group's energy-saving products include variable speed motors and water-cooled heat rejection systems, aimed at promoting sustainability among clients[145]. - The Group's noise control measures include using government-approved noise emission equipment and conducting regular noise tests[150]. - The Group's environmental assessments identify potential risks in workplaces and subcontractor production sites to ensure compliance with environmental commitments[155]. - The Group supports the government's environmental protection scheme on Waste Electrical and Electronic Equipment (WEEE) through proper disposal campaigns[143]. Compliance and Ethical Standards - The Group adheres strictly to the Sex Discrimination Ordinance, Disability Discrimination Ordinance, and Family Status Discrimination Ordinance in Hong Kong, with no material non-compliance cases reported during the year[159]. - The Group has established a structured recruitment and termination process to ensure fairness, with all applicants undergoing formal assessments[163]. - Employee remuneration is determined based on market levels, Group profitability, regulatory requirements, and individual performance, ensuring compliance with the Minimum Wage Ordinance and Employment Ordinance[164]. - Employees are entitled to adequate annual leave, sickness allowance, maternity and paternity leave, and rest days, promoting work-life balance[165]. - The Group has implemented a comprehensive occupational health and safety management system, accredited with OHSAS 18001:2007 certification, to ensure the safety of employees and subcontractors[169]. - Safety risk assessments are conducted before project commencement, with a dedicated safety team assigned to implement safeguards[170]. - Regular safety training is organized for employees to enhance awareness and response to emergency situations[171]. - The Group complies with statutory requirements on occupational health and safety, with no material non-compliance cases reported during the year[175]. - The Group emphasizes compliance with labor laws, reporting no cases of material noncompliance with child labor and forced labor-related laws in Hong Kong during the Year[183]. - A quality management system (QMS) has been established, accredited with ISO 9001:2015 certification, to ensure effective and reliable services[190]. - The Group has not been aware of any material non-compliance regarding service quality and data privacy-related laws in Hong Kong during the Year[193]. - An internal control system has been implemented to prevent fraud and corruption, with regular evaluations by independent advisers[194]. - The Group established a whistle-blowing mechanism to provide a confidential channel for reporting fraudulent and unethical acts[195]. - Employees are required to report any perceived or actual conflicts of interest to management to mitigate bribery risks[196]. - The Group maintained a focus on environmentally and socially responsible supply chain partners, conducting regular evaluations and inspections[185]. - There were no reported cases of material noncompliance with corruption-related laws in Hong Kong during the Year[197]. - The Group is committed to corporate social responsibility through donations, sponsorships, and voluntary commitments[198]. - Despite the challenges posed by the Covid-19 pandemic, the Group continued to participate in community events to support local initiatives[199]. - The Group appointed an employee as a speaker at a local university to share professional experiences and insights[199]. - An employee was designated as an industrial tutor at a local university to provide advice and recommendations to students[199]. - No serious violations of Hong Kong's service quality and data privacy laws were reported during the year[200].

Revenue and Profitability - Revenue increased by approximately HK$25.7 million, or 8.4%, from approximately HK$307.5 million in the last period to approximately HK$333.2 million in the current period[10] - Revenue for the six months ended September 30, 2020, increased to HK$333,205,000, up 8.3% from HK$307,523,000 in the same period of 2019[112] - Profit before taxation rose to HK$21,120,000, representing an increase of 7.7% from HK$19,615,000 in the previous year[112] - Net profit for the period was HK$18,358,000, up 12.6% from HK$16,298,000 in the same period of 2019[112] - Profit attributable to owners of the Company increased by approximately HK$2.1 million, or 12.9%, to approximately HK$18.4 million[36] - Basic earnings per share increased to 4.6 HK cents, compared to 4.1 HK cents in the previous year, reflecting a growth of 12.2%[112] Project Awards and Revenue Sources - The company was awarded 7 projects with an aggregate contract sum of approximately HK$555.1 million during the current period[11] - Revenue from MVAC system projects accounted for approximately 74.0% and low voltage electrical system projects accounted for approximately 26.0% of total revenue in the current period[18] - The largest project awarded was for MVAC system installation at a commercial development at Chek Lap Kok, with a contract sum of HK$275.0 million[14] - A residential project for MVAC system installation at Cheung Sha Wan had a contract sum of HK$152.7 million[14] - The electrical system installation project at Cheung Sha Wan had a contract sum of HK$88.8 million[14] - Revenue from the supply, installation, and maintenance of low voltage electrical systems increased by 43.3% to HK$86,556,000 compared to HK$60,356,000 in 2019[145] Financial Position and Assets - Total assets as of September 30, 2020, were HK$397,036,000, an increase from HK$340,541,000 as of March 31, 2020[114] - The Group had net current assets of approximately HK$228.8 million as of 30 September 2020, an increase from HK$217.9 million as of 31 March 2020[55][61] - The Group's trade receivables as of 30 September 2020 were HK$55,737,000, a decrease from HK$60,379,000 as of 31 March 2020, reflecting a reduction of 7.1%[179] - The Group's property and equipment and right-of-use assets amounted to HK$26,278,000 as of 30 September 2020, down from HK$28,002,000 as of 31 March 2020[148] - The Group's cash and cash equivalents were approximately HK$168 million as of 30 September 2020, an increase from HK$139.4 million as of 31 March 2020[49] Expenses and Liabilities - Gross profit decreased by approximately HK$2.0 million, or 6.5%, from approximately HK$30.8 million to approximately HK$28.8 million, with a gross profit margin decline of approximately 1.4 percentage points to approximately 8.6%[24] - Administrative expenses increased by approximately HK$1.6 million, or 14.8%, to approximately HK$12.4 million due to higher staff costs[33] - The increase in trade payables was HK$29,551,000, slightly up from HK$29,403,000 in the previous year, indicating stable supplier relationships[121] - Trade payables totaled HK$61,695,000 as of September 30, 2020, significantly higher than HK$32,144,000 as of March 31, 2020, indicating an increase of 92.0%[187] Compliance and Governance - The company maintained compliance with all relevant provisions of the Corporate Governance Code during the current period[82] - Directors confirmed compliance with the Model Code for Securities Transactions during the current period[83] - The Audit Committee consists of three independent non-executive Directors and has reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2020[99] Shareholder Information - As of September 30, 2020, Yu Cheung Choy held a long position of 246 million shares, representing approximately 61.50% of the issued share capital[89] - Lau Man Ching held a long position of 54 million shares, representing approximately 13.50% of the issued share capital[89] - The Company and its subsidiaries did not purchase, sell, or redeem any of the Company's listed securities during the current period[97] Cash Flow and Investments - For the six months ended September 30, 2020, net cash from operating activities was HK$40,795,000, a decrease of 20.3% compared to HK$51,246,000 in the same period of 2019[121] - Net cash used in investing activities was HK$3,554,000, a significant decrease from HK$22,739,000 in the prior period, reflecting reduced investment outflows[121] - The company holds investments in listed bonds totaling HK$5,909,000 as of September 30, 2020, compared to HK$4,106,000 as of March 31, 2020, indicating an increase of approximately 43.9%[199]

Financial Performance - The Group recorded a revenue increase of approximately HK$172.1 million, or 43.4%, from approximately HK$396.3 million in FY2019 to approximately HK$568.4 million in FY2020[12]. - The profit for the Year was approximately HK$26.0 million, representing an increase of 14.5% or HK$3.3 million from approximately HK$22.7 million in FY2019[13]. - Revenue from MVAC system projects contributed 79.3% of total revenue, while low voltage electrical system projects contributed 20.7%[12]. - The revenue contribution from low voltage electrical system projects remained stable at around 20% from FY2019 to FY2020[22]. - Gross profit increased by approximately HK$7.2 million, or 15.1%, from approximately HK$47.6 million for FY2019 to approximately HK$54.8 million for FY2020, while gross profit margin decreased by approximately 2.4 percentage points to 9.6%[49]. - Revenue increased by approximately HK$171.2 million, or 43.4%, from approximately HK$396.3 million for FY2019 to approximately HK$568.4 million for FY2020, driven by larger average contract sizes and increased completed work[53]. Project Awards and Contracts - The Group was awarded 7 MVAC system installation projects with an aggregate contract sum of approximately HK$682.8 million during the Year[15]. - The Group was awarded 7 projects in FY2020 with an aggregate contract sum of approximately HK$682.8 million, primarily related to MVAC system installation[37]. - Two projects were awarded after FY2020 with an aggregate contract sum of approximately HK$299.6 million, also related to MVAC system installation[46]. - Major projects undertaken in FY2020 included MVAC system installations for residential and non-residential developments[41]. Strategic Plans and Market Outlook - The Group plans to adopt a more competitive pricing strategy to bid for sizable projects amidst macro-environment challenges[25]. - The Group aims to maintain stable revenue and earnings while pursuing targeted projects with reasonable profit margins[25]. - The Group intends to diversify its projects into plumbing and drainage systems and other E&M engineering services[30]. - The Hong Kong Government's infrastructure initiatives are expected to increase demand for construction and E&M engineering services in the future[24]. - The Group maintains a positive outlook for steady growth in the coming years based on its established reputation and experience in the industry[30]. Financial Position and Ratios - As of March 31, 2020, the Group's cash and cash equivalents were approximately HK$139.4 million, an increase from HK$71.3 million in FY2019[62]. - The current ratio as of March 31, 2020, was approximately 2.8 times, slightly down from 2.9 times in FY2019[63]. - The Group's gearing ratio as of March 31, 2020, was approximately 2.6%, down from 3.9% in FY2019[75]. - As of March 31, 2020, the Group's net current assets were approximately HK$217.9 million, an increase from HK$200.2 million in 2019, primarily due to net profit generated during FY2020[79]. Administrative and Tax Expenses - Administrative expenses increased by approximately HK$1.5 million, from approximately HK$19.5 million for FY2019 to approximately HK$21.0 million for FY2020[57]. - Income tax expenses increased by approximately HK$1.1 million, from approximately HK$4.6 million for FY2019 to approximately HK$5.7 million for FY2020, with an effective tax rate of approximately 18.1%[59]. Employee and Training Initiatives - The total number of employees increased to 146 as of March 31, 2020, from 120 in 2019[99]. - The Group has developed a wide range of training activities for employee development, including induction programs and external training[180]. - Employees participated in various training courses covering topics such as Building Information Modeling and building energy efficiency, contributing to their professional growth[186]. - The Group has implemented extensive training programs, including on-the-job and external training, to enhance employee performance and development[183]. Environmental, Social, and Governance (ESG) Initiatives - The ESG working group is responsible for monitoring legal updates and ensuring compliance with relevant laws and regulations[118]. - Stakeholder engagement is prioritized to understand ESG issues, with communication channels established for shareholders, employees, customers, suppliers, and the community[121]. - A materiality assessment has been conducted to identify relevant ESG issues and their significance to the Group and stakeholders[125]. - Key material ESG issues include air and greenhouse gas emissions, waste management, energy consumption, and noise control[126]. - The Group has established an ISO 14001:2015 accredited environmental management system to emphasize environmental stewardship throughout its operations[162]. Compliance and Risk Management - The audit committee is responsible for risk management and internal control systems, ensuring ESG risks are covered[115]. - The Group strictly observes relevant statutory requirements, including the Occupational Safety and Health Ordinance, with no material non-compliance reported during the year[179]. - The Group has a strict internal control system to prevent bribery and corruption, ensuring effective corporate governance[200].

Revenue and Profitability - Revenue increased by approximately HK$152.0 million, or 97.7%, from approximately HK$155.5 million in the last period to approximately HK$307.5 million in the current period[9]. - Revenue from MVAC system projects accounted for approximately 80.4% of total revenue, while low voltage electrical system projects contributed approximately 19.6% in the current period[17]. - Gross profit increased by approximately HK$15.2 million, or 97.4%, from approximately HK$15.6 million for the Last Period to approximately HK$30.8 million for the Current Period[23]. - Profit attributable to owners of the Company increased by approximately HK$10.7 million or approximately 191.1%, from approximately HK$5.6 million for the Last Period to approximately HK$16.3 million for the Current Period[35]. - Profit before taxation increased to HK$19,615,000, a rise of 191.5% from HK$6,725,000 in the previous year[129]. - Profit and total comprehensive income for the period was HK$16,298,000, compared to HK$5,611,000 in 2018, marking an increase of 189.5%[129]. - Basic earnings per share rose to 4.1 HK cents, up from 1.4 HK cents in the same period last year[129]. Project Awards and Operations - The Group was awarded 7 projects with an aggregate contract sum of approximately HK$682.8 million related to MVAC system installation during the current period[10]. - The five largest projects awarded in the current period include a residential development at Kai Tak with a contract sum of HK$235.6 million and another at the same location for HK$163.8 million[13]. - Major projects undertaken in the current period continued to focus on the supply, installation, and maintenance of MVAC systems and low voltage electrical systems[18]. - The Group was awarded 7 projects with an aggregate contract sum of approximately HK$682.8 million during the Current Period[21]. Financial Position and Cash Flow - As at 30 September 2019, the Group held cash and cash equivalents of approximately HK$136.9 million, up from HK$71.3 million as of 31 March 2019[43]. - The current ratio of the Group was approximately 2.4 times as at 30 September 2019, down from 2.9 times as of 31 March 2019[44]. - Total bank borrowings as of September 30, 2019, were approximately HK$7.7 million, a decrease from HK$9.2 million as of March 31, 2019[48]. - Net current assets increased to approximately HK$204.6 million as of September 30, 2019, from HK$200.2 million as of March 31, 2019[52]. - Operating cash flows before movements in working capital for the six months ended 30 September 2019 were HK$21,768,000, up from HK$6,984,000 in the previous year, reflecting a significant increase of approximately 211.5%[138]. - Net cash from operating activities for the six months ended 30 September 2019 was HK$51,246,000, compared to a net cash used of HK$909,000 in the same period of 2018[138]. - Cash and cash equivalents at the end of the period increased to HK$136,918,000 from HK$71,315,000 at the beginning of the period, marking a rise of approximately 92.0%[138]. Expenses and Liabilities - Administrative expenses increased by approximately HK$1.4 million, or approximately 14.9%, from approximately HK$9.4 million for the Last Period to approximately HK$10.8 million for the Current Period[32]. - Income tax expenses increased by approximately HK$2.2 million, from approximately HK$1.1 million for the Last Period to approximately HK$3.3 million for the Current Period[34]. - Current liabilities increased to HK$148,704,000 from HK$106,682,000, reflecting a rise of 39.4%[131]. - The increase in trade payables was HK$29,403,000 for the six months ended 30 September 2019, compared to an increase of HK$1,649,000 in the previous year[138]. Employee and Corporate Governance - As of September 30, 2019, the Group had a total of 136 employees, an increase from 120 employees as of March 31, 2019[79]. - The Company complied with all relevant code provisions set out in the Corporate Governance Code during the current period[90]. - Following the appointment of Dr. Law as an independent non-executive Director on November 1, 2019, the Company met the minimum requirements for independent directors[94]. - The Audit Committee consists of three independent non-executive Directors and one non-executive Director, overseeing financial integrity and controls[119]. - The Company has established an Audit Committee to ensure compliance with financial reporting and risk management standards[118]. Accounting Standards and Lease Liabilities - The Group has applied HKFRS 16 "Leases" for the first time in the current interim period, which supersedes HKAS 17 "Leases" and related interpretations[151]. - Lease liabilities are recognized at the present value of unpaid lease payments at the commencement date, using the incremental borrowing rate if the implicit interest rate is not determinable[163]. - The right-of-use assets recognized upon application of HKFRS 16 totaled HK$7,619,000, reflecting the impact of the new accounting standard[197]. - The Group has applied HKFRS 16 retrospectively, recognizing additional lease liabilities and right-of-use assets equal to the related lease liabilities adjusted by any prepaid or accrued lease payments as of April 1, 2019[188]. - The cumulative effect of applying HKFRS 16 is recognized in the opening retained profits, and comparative information has not been restated[188].

Financial Performance - The Group recorded a revenue increase of approximately HK$28.4 million, or 7.7%, from approximately HK$367.9 million in FY2018 to approximately HK$396.3 million in FY2019[13]. - The profit for the Year was approximately HK$22.7 million[13]. - Gross profit decreased by approximately HK$14.7 million, or 23.6%, from approximately HK$62.3 million for FY2018 to approximately HK$47.6 million for FY2019[46]. - Gross profit margin decreased by approximately 4.9 percentage points, from approximately 16.9% for FY2018 to approximately 12.0% for FY2019[51]. - Profit attributable to owners of the Company decreased by approximately HK$12.9 million, or approximately 36.2%, from approximately HK$35.6 million for FY2018 to approximately HK$22.7 million for FY2019[58]. - The Group's revenue increased by approximately HK$28.4 million, or 7.7%, from approximately HK$367.9 million in FY2018 to approximately HK$396.3 million in FY2019[26]. - Revenue contribution from MVAC system projects was approximately 79.5%, while low voltage electrical system projects contributed approximately 20.5% for FY2019[50]. Project Awards and Contributions - The Group was awarded 23 projects with an aggregate contract sum of approximately HK$693.3 million, including 3 projects related to electrical system installation worth approximately HK$286.4 million[14]. - A key project includes a contract sum of approximately HK$214.3 million for electrical installation in a proposed residential development in Ap Lei Chau[21]. - Major projects undertaken in FY2019 contributed approximately 79.5% from MVAC system and 20.5% from low voltage electrical system[32]. - The Group has been awarded 5 additional projects post-FY2019 with an aggregate contract sum of approximately HK$283.3 million related to MVAC system installation[36]. Strategic Initiatives - The Group has adopted a more competitive pricing strategy to maintain stable revenue and earnings amid industry challenges[20]. - The Group maintains a positive outlook for steady business growth in the coming years due to its established reputation and experience in the industry[40]. - The construction industry in Hong Kong continues to expand, driven by government initiatives for public housing and infrastructure projects[37]. - The Group faces challenges such as labor shortages and intensified competition, prompting a more competitive pricing strategy for sizable projects[38]. Financial Position and Liquidity - As of March 31, 2019, the Group's capital structure included equity of approximately HK$236.9 million and bank borrowings of approximately HK$9.2 million[59]. - The Group held cash and cash equivalents of approximately HK$71.3 million as of March 31, 2019, down from HK$158.9 million in 2018[61]. - The current ratio of the Group was approximately 2.9 times as of March 31, 2019, compared to 3.0 times in 2018[62]. - The Group's gearing ratio was approximately 3.9%, a decrease from 5.3% in 2018[72][76]. - The Group reported net current assets of approximately HK$200.2 million as of 31 March 2019, up from HK$173.0 million in 2018, primarily due to net profit generated from operations[73][77]. - The Group maintains sufficient cash reserves and committed lines of funding to meet its liquidity requirements, with no significant liquidity issues reported[74]. Environmental, Social, and Governance (ESG) Initiatives - The Group has established a governance framework to align ESG governance with strategic development[115]. - The total indirect GHG emissions for FY2019 were 67.26 tonnes CO2e, an increase from 58.43 tonnes in FY2018, primarily due to the inclusion of new office areas[139]. - The GHG emissions intensity decreased to 0.004 tonnes CO2e per square foot in FY2019 from 0.005 tonnes per square foot in FY2018, reflecting energy-saving initiatives[139]. - The Group has not identified any material non-compliance with environment-related laws and regulations in Hong Kong during the year[138]. - The Group's environmental management system is aligned with ISO 14001:2015 and OHSAS 18001:2007 standards, ensuring high environmental performance[134]. - The Group has implemented a "Manual" for minimizing environmental footprint, focusing on areas such as GHG emissions, energy consumption, and waste disposal[134]. - The Group's commitment to managing long-term environmental risks includes monitoring compliance with local and international regulations[137]. - The major source of emissions is indirect GHG emissions from electricity consumption in offices, with no significant direct air emissions generated by the Group[140]. - The Group encourages subcontractors to use low-sulphur diesel and conduct regular inspections to meet emission levels stipulated by law[140]. - The Group has established engagement channels for stakeholders to provide feedback on ESG issues, enhancing transparency and accountability[131]. - The materiality assessment identified key ESG issues, including equal opportunities, occupational health and safety, and supply chain monitoring[133]. Employee Welfare and Safety - The Group emphasizes equal employment opportunities and values diversity, ensuring that recruitment and promotion decisions are based on personal capabilities without discrimination[167]. - The Group has implemented a structured recruitment and termination process to ensure fairness and compliance with the Employment Ordinance[171]. - Employee remuneration is determined based on market levels, Group profitability, regulatory requirements, and individual performance evaluations[173]. - The Group provides competitive remuneration packages and adheres to legal requirements regarding employee compensation, including the Minimum Wage Ordinance[173]. - Employees are entitled to adequate annual leave, sickness allowance, maternity and paternity leave, and reasonable working hours to promote work-life balance[174]. - The Group is committed to occupational health and safety, implementing a management system policy accredited with OHSAS 18001:2007 certification[175]. - The Group has taken measures to control and eliminate occupational health issues, prioritizing the health and safety of employees and subcontractors[175]. - The Group achieved zero injuries or fatalities among direct employees during the Year, demonstrating compliance with occupational health and safety regulations in Hong Kong[181]. - A comprehensive safety risk assessment is conducted before project commencement, with a dedicated safety team ensuring adherence to operational safety protocols[179]. - Regular safety training sessions are organized for employees, focusing on fire hazards and construction safety to enhance emergency response skills[180]. Training and Development - The Group emphasizes the importance of employee training and career development, implementing a wide range of training activities including induction programs and external training[182]. - Employees participated in various training courses covering technical and general topics, such as Building Information Modeling and professional workshops, to enhance their skills[186]. - The Group supports employees in obtaining professional qualifications to enhance their job knowledge and managerial skills[187]. Quality Management - The Group maintains a quality management system accredited with ISO 9001:2015 certification, focusing on customer experience and service quality[197]. - The Group aims to provide effective, reliable, and consistent services to meet client demands and expectations[198]. - The Group conducts periodic internal reviews and data analysis to monitor and improve the effectiveness of the quality management system[198]. - Employees receive appropriate training to enhance skills and knowledge in line with quality requirements[198]. Compliance and Data Protection - The Group adheres to six data protection principles, ensuring the protection of customer information and intellectual property rights[199]. - There were no cases of material non-compliance regarding service quality and data privacy-related laws in Hong Kong during the year[200].