Workflow
LAP KEI ENGRG(01690)
icon
Search documents
立基工程控股(01690) - 2025 - 中期业绩
2025-08-28 12:37
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 會 就 因 本 公 告 全 部 或 任 何 部 份 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。 Lap Kei Engineering (Holdings) Limited 立基工程(控股)有限公司 (於開曼群島註冊成立之有限公司) (股份代號:1690) 截 至2025年6月30日 止 六 個 月 之 中 期 業 績 公 告 立 基 工 程(控 股)有 限 公 司(「本 公 司」,及 其 附 屬 公 司,統 稱「本 集 團」)董 事 (「董 事」)會(「董 事 會」)欣 然 公 佈 本 集 團 截 至2025年6月30日 止 六 個 月 的 未 經 審 核 簡 明 綜 合 業 績(「中 期 業 績」)。中 期 業 績 未 經 本 公 司 獨 立 核 數 師 審 閱 或 審 核,惟 已 由 董 事 會 審 核 委 ...
立基工程控股(01690.HK)8月28日举行董事会会议考虑及批准中期业绩
Ge Long Hui· 2025-08-15 08:54
格隆汇8月15日丨立基工程控股(01690.HK)宣布,公司董事会会议将于2025年8月28日(星期四)举行,藉 以(其中包括)考虑及批准公司及其附属公司截至2025年6月30日止六个月的未经审核综合中期业绩,批 核发放中期业绩公告,以及就派付中期股息(如有)作出的推荐建议。 ...
立基工程控股(01690) - 董事会会议通告
2025-08-15 08:32
立基工程(控股)有限公司 公司秘書 陳振聲 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,並明確表示概不會就因本公告全部 或任何部份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。 Lap Kei Engineering (Holdings) Limited 立 基 工 程 ( 控 股 ) 有 限 公 司 (於開曼群島註冊成立之有限公司) (股份代號:1690) 董事會會議通告 立基工程( 控股 )有限公司(「本公司」)董事會(「董事會」)謹此宣佈,本公司董事會 會議將於2025年8月28日( 星期四 )舉行,藉以( 其中包括 )考慮及批准本公司及其 附 屬 公司 截 至 2025 年6 月 30 日 止 六個 月 的 未 經審 核 綜 合中 期 業 績(「中 期 業績」), 批核發放中期業績公告,以及就派付中期股息( 如有 )作出的推薦建議。 代表董事會 香港,2025年8月15日 於本公告日期,執行董事為黃鏡光先生、蘇女好女士及鄧順文先生;而獨立非執 行董事為鍾育明先生 ...
立基工程控股(01690) - 截至二零二五年七月三十一日止之股份发行人的证券变动月报表
2025-08-01 06:59
股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致:香港交易及結算所有限公司 公司名稱: 立基工程(控股)有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01690 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.01 | HKD | | 40,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.01 | HKD | | 40,000,000 | 本月底法定/註冊 ...
立基工程控股(01690) - 2024 - 年度财报
2025-04-15 14:51
Financial Performance - Total revenue increased by approximately HKD 92.0 million or 28.5% from about HKD 323.3 million for the year ended December 31, 2023, to about HKD 415.3 million for the year ended December 31, 2024[9]. - Profit and total comprehensive income decreased from approximately HKD 7.4 million for the year ended December 31, 2023, to about HKD 2.1 million for the year ended December 31, 2024, representing a decrease of approximately 72.1%[21]. - Gross profit decreased to approximately HKD 23.1 million with a gross profit margin of about 5.6%, down from a gross profit of approximately HKD 26.6 million and a margin of about 8.2% in the previous year[17]. - The increase in cost of sales was approximately 32.2%, rising from about HKD 296.7 million to about HKD 392.3 million, due to increased project numbers and contract sizes[16]. - The net profit margin for the year was approximately 0.5%, down from about 2.3% in the previous year[21]. - The company continues to face challenges from a sluggish property market and rising costs, impacting future opportunities and growth in the building services engineering sector[10]. Expenses and Liabilities - Administrative expenses increased by approximately 18.1% from about HKD 18.9 million to about HKD 22.4 million, primarily due to higher employee salaries and discretionary bonuses[18]. - As of December 31, 2024, the total assets of the group were approximately HKD 359.1 million, an increase from HKD 296.9 million in 2023[22]. - The total liabilities and shareholders' equity were approximately HKD 208.9 million and HKD 150.2 million, respectively, compared to HKD 144.5 million and HKD 152.4 million in 2023[22]. - The current ratio as of December 31, 2024, was approximately 1.7 times, down from 2.0 times in 2023[22]. - The group had no interest-bearing loans or borrowings as of December 31, 2024, consistent with 2023[22]. Employee and Operational Metrics - The group employed a total of 113 employees as of December 31, 2024, down from 132 employees in 2023[34]. - Employee turnover rate increased significantly from 23% in 2023 to 50% in 2024, with 56 employees leaving out of 113[154]. - Total training hours for male employees in management increased from 40 hours in 2023 to 48 hours in 2024, maintaining a 100% training rate[160]. Corporate Governance - The board consists of six directors, including three executive directors and three independent non-executive directors, ensuring a strong independent element[68]. - All three independent non-executive directors confirmed their independence according to the listing rules, with no circumstances leading to their classification as non-independent[69]. - The company held four board meetings during the year, with the next annual general meeting scheduled for May 11, 2024[70]. - The board's remuneration policy aims to provide competitive yet reasonable compensation to attract and retain talent, with annual reviews subject to shareholder approval[73][74]. - The company has adopted a code of conduct for directors' securities trading, ensuring compliance with the standards set out in the listing rules[76]. Sustainability and Compliance - The company has complied with environmental, social, and governance reporting guidelines, ensuring no significant non-compliance emissions were found this year[140][142]. - The company has implemented emission control measures, including recycling refrigerants and promoting high-efficiency equipment[142]. - The company has established policies to ensure service quality and safety, complying with applicable laws and regulations[164]. - The company has not received any complaints or notifications from government agencies regarding non-compliance with bribery, extortion, fraud, or money laundering laws during the year[168]. Shareholder Engagement - The company has established multiple channels for communication with shareholders, including annual general meetings, annual reports, and a dedicated website[131]. - Shareholders holding at least 10% of the paid-up capital can request a special general meeting to address specified matters[126]. - The company encourages shareholders to attend meetings in person or appoint representatives to vote on their behalf[132]. - The company has adopted a shareholder communication policy to ensure effective engagement with stakeholders[136]. Stock Options and Ownership - The stock option plan aims to reward qualified participants for their contributions and attract high-quality talent[186]. - The total number of stock options that can be granted under the plan is capped at 10% of the company's issued shares at the time of approval, equating to 128,000,000 shares[191]. - As of December 31, 2024, Mr. Huang holds 653,000,000 shares, representing 44.59% of the company's equity[196]. - The total number of shares held by Mr. Huang and Ms. Su combined is 1,690,490,000, which constitutes 115.43% of the company's equity, indicating significant ownership concentration[196].
立基工程控股(01690) - 2024 - 年度业绩
2025-03-26 13:58
Financial Performance - Revenue for the year ended December 31, 2024, was approximately HKD 415.3 million, an increase of about HKD 92.0 million or 28.5% compared to HKD 323.3 million for the year ended December 31, 2023[4] - Gross profit for the year ended December 31, 2024, was HKD 23.1 million, a decrease of 13.3% from HKD 26.6 million in the previous year[4] - Profit attributable to owners of the company for the year ended December 31, 2024, was approximately HKD 2.1 million, down 71.2% from HKD 7.4 million in 2023[4] - The group’s total segment revenue for the year ending December 31, 2024, is projected to be HKD 415.332 million, with a segment profit of HKD 23.056 million[19] - The group's profit for the year decreased by approximately 72.1% from about HKD 7.4 million to approximately HKD 2.1 million, primarily due to reduced gross profit margin and higher administrative expenses[47] Dividends and Shareholder Information - The board proposed a final dividend of HKD 0.01 per share, totaling HKD 14.6 million, subject to shareholder approval[4] - The company proposed a final dividend of HKD 0.01 per share for the year 2023, totaling HKD 14,646,000, pending approval at the 2025 Annual General Meeting[78] - The company will hold its Annual General Meeting on May 14, 2025, where the proposed dividend will be discussed[78] - The record date for the proposed final dividend is set for May 28, 2025, subject to shareholder approval[84] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 346.5 million, compared to HKD 284.3 million in 2023[6] - Total liabilities as of December 31, 2024, were HKD 207.9 million, an increase from HKD 143.6 million in 2023[6] - The company's net asset value as of December 31, 2024, was HKD 150.2 million, down from HKD 152.5 million in 2023[6] - Cash and cash equivalents increased to HKD 58.7 million in 2024 from HKD 45.8 million in 2023[6] Revenue Breakdown - Revenue from housing equipment engineering increased to HKD 402.315 million in 2024, up from HKD 309.008 million in 2023, representing a growth of approximately 30%[16] - The group’s maintenance, repair, and other services generated revenue of HKD 13.017 million in 2024, down from HKD 14.299 million in 2023, reflecting a decrease of about 8.9%[16] - The expected revenue from uncompleted customer contracts at the end of the reporting period is HKD 329.647 million for 2023 and HKD 285.227 million for 2024, showing a year-on-year increase of approximately 15.6%[16] Expenses and Costs - The group’s administrative expenses for the period were reported at HKD 22.361 million, indicating a significant cost management focus[19] - The company reported a significant increase in material costs, with total costs rising to HKD 113,254,000 in 2024 from HKD 87,549,000 in 2023, an increase of approximately 29.3%[24] - Employee costs for the year were approximately HKD 63.4 million, slightly up from HKD 63.1 million in 2023, with a total of 113 employees as of December 31, 2024[60] Financial Standards and Compliance - The new Hong Kong Financial Reporting Standards (HKFRS) effective from January 1, 2024, are expected to have no significant impact on the group's financial position and performance[7] - The group is currently evaluating the impact of the newly issued HKFRS and its amendments, which are anticipated to not cause any major effects on the financial statements[10] - The group has not early adopted any new HKFRS or amendments that are not yet effective during the reporting period[8] - The group has complied with all applicable corporate governance codes and standards this year[75] Share Repurchase and Capital Management - The company repurchased a total of 58,170,000 ordinary shares at an approximate cost of HKD 4,339,000, reducing the total issued shares to 1,464,600,000[80] - The repurchase was conducted to demonstrate confidence in the company's business outlook and to create value for shareholders[80] - The total cost of the repurchase transactions, including fees and taxes, was approximately HKD 80,000[80] Auditor and Governance - The external auditor, Deloitte Touche Tohmatsu, will be proposed for reappointment at the 2025 Annual General Meeting[82] - The audit committee was established on September 10, 2015, consisting of three independent non-executive directors[85] - The audit committee reviewed the consolidated financial statements for the year, confirming compliance with applicable accounting standards and listing rules[86] Future Outlook - Future outlook includes potential market expansion within Hong Kong, as all operations and revenue generation are currently localized[22] - The group anticipates that the number of properties under construction and maintenance in Hong Kong will continue to drive growth in the building services industry[39]
立基工程控股(01690) - 2024 - 中期财报
2024-08-29 14:50
Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 114,916,000, a decrease of 29.4% compared to HKD 162,597,000 for the same period in 2023[1] - Gross profit for the same period was HKD 8,346,000, down 26.5% from HKD 11,352,000 in 2023[1] - The net profit for the period was HKD 1,312,000, a decline of 56.5% from HKD 3,012,000 in the previous year[1] - Basic earnings per share decreased to HKD 0.09 from HKD 0.20, representing a 55% drop[1] - The group reported a profit before tax of HKD 1,571 thousand for the six months ended June 30, 2024, compared to HKD 3,012 thousand for the same period in 2023, representing a decrease of 47.8%[12] - Profit and total comprehensive income for the six months ended June 30, 2024, was approximately HKD 1.3 million, down from HKD 3.0 million in the same period last year[42] Revenue Breakdown - Revenue from the building services engineering segment was HKD 108,920 thousand, down 29.4% from HKD 154,433 thousand year-on-year[12] - Maintenance, repair, and other services generated revenue of HKD 5,996 thousand, a decline of 26.7% from HKD 8,164 thousand in the previous year[12] - Revenue decreased from approximately HKD 162.6 million for the six months ended June 30, 2023, to approximately HKD 114.9 million for the six months ended June 30, 2024, representing a decline of about 29.3%[36] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 268,515,000, a slight decrease from HKD 284,307,000 as of December 31, 2023[2] - Trade receivables and other receivables decreased to HKD 92,296,000 from HKD 121,948,000, a reduction of 24.3%[2] - Current liabilities decreased to HKD 125,799,000 from HKD 143,588,000, a decline of 12.4%[2] - Total trade payables and other payables amounted to HKD 105,540 thousand as of June 30, 2024, down 26.5% from HKD 143,588 thousand as of December 31, 2023[28] - The net amount of trade receivables as of June 30, 2024, was HKD 40,301 thousand, a decrease of 27.3% from HKD 55,403 thousand as of December 31, 2023[27] Cash Flow and Financial Health - The company reported a net cash inflow from operating activities of HKD 42,413,000 for the period[5] - Cash and cash equivalents increased significantly to HKD 80,292,000 from HKD 45,756,000, marking a 75.4% increase[2] - The current ratio as of June 30, 2024, was approximately 2.1 times, compared to 2.0 times as of December 31, 2023[43] - The debt-to-equity ratio as of June 30, 2024, was 13.1%, compared to zero as of December 31, 2023[44] Share Capital and Dividends - The company did not declare an interim dividend for the six months ended June 30, 2024, consistent with the previous year[20] - As of June 30, 2024, the company's issued share capital was HKD 14,975,200, with a total of 1,497,520,000 shares issued, down from HKD 15,227,700 and 1,522,770,000 shares as of December 31, 2023[48] - The company repurchased a total of 38,270,000 shares during the relevant period, with 25,250,000 shares canceled in April 2024[48] - The company did not declare any interim dividends for the reporting period[68] Employee and Operational Metrics - Employee costs for the six months ended June 30, 2024, amounted to approximately HKD 30.6 million, an increase from HKD 28.7 million for the same period in 2023[50] - The company employed a total of 119 employees as of June 30, 2024, down from 132 employees as of December 31, 2023[50] Corporate Governance and Compliance - The audit committee reviewed the unaudited condensed consolidated financial statements, ensuring compliance with applicable accounting standards and disclosure requirements[72] - The company has maintained compliance with the corporate governance code throughout the reporting period[66] - No significant events requiring disclosure occurred after the reporting period[71] Capital Expenditure and Investments - The company did not incur any capital expenditure for property, plant, and equipment during the reporting period, compared to HKD 2,780 thousand in the same period of 2023[24] - The company did not have any major investments or capital asset plans as of June 30, 2024[50] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the relevant period[50] - The company reported no contingent liabilities as of June 30, 2024[50]
立基工程控股(01690) - 2024 - 中期业绩
2024-08-29 14:46
Financial Performance - For the six months ended June 30, 2024, the company reported revenue of HKD 114,916,000, a decrease of 29.4% from HKD 162,597,000 in the same period of 2023[2] - Gross profit for the same period was HKD 8,346,000, down 26.5% from HKD 11,352,000 year-on-year[2] - The company recorded a net profit of HKD 1,312,000, a significant decline of 56.5% compared to HKD 3,012,000 in the previous year[2] - Basic earnings per share decreased to HKD 0.09 from HKD 0.20, representing a 55% drop[2] - The group reported a profit before tax of HKD 1,571,000 for the six months ended June 30, 2024, compared to HKD 3,012,000 for the same period in 2023, representing a decrease of 47.8%[15] - Total comprehensive income for the six months ended June 30, 2024, was approximately HKD 1.3 million, compared to approximately HKD 3.0 million for the same period in 2023[43] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 268,515,000, down from HKD 284,307,000 at the end of 2023[3] - Current liabilities decreased to HKD 125,799,000 from HKD 143,588,000, indicating a reduction of 12.4%[3] - The net trade receivables as of June 30, 2024, were HKD 40,301,000, a decrease of 27.3% from HKD 55,403,000 at the end of 2023[28] - Other receivables, deposits, and prepayments totaled HKD 51,995,000 as of June 30, 2024, down from HKD 66,545,000 at the end of 2023[28] - As of June 30, 2024, total assets were approximately HKD 279.7 million, down from approximately HKD 296.9 million as of December 31, 2023[44] - Trade payables decreased from HKD 45.2 million as of December 31, 2023, to HKD 32.1 million as of June 30, 2024[29] Cash Flow - Cash and cash equivalents increased to HKD 80,292,000 from HKD 45,756,000, showing a growth of 75.4%[3] - The company reported a net cash inflow from operating activities of HKD 42,413,000 for the period[6] - Cash and bank balances increased to approximately HKD 80.3 million as of June 30, 2024, from HKD 45.8 million as of December 31, 2023[44] Share Capital and Dividends - The group did not declare an interim dividend for the six months ended June 30, 2024, consistent with the previous year[21] - The issued share capital as of June 30, 2024, was HKD 14,975,200, with 1,497,520,000 shares issued, compared to HKD 15,227,700 and 1,522,770,000 shares on December 31, 2023[49] - The total number of issued shares will decrease to 1,479,980,000 after the cancellation of repurchased shares[66] - The company repurchased a total of 42,790,000 shares during the reporting period, with a total cost of approximately HKD 3,185,410 before transaction costs[66] - The company has canceled 25,250,000 shares out of the repurchased shares, with an additional 13,020,000 shares pending cancellation[66] Employee and Administrative Expenses - The total employee cost for the six months ended June 30, 2024, was approximately HKD 30.6 million, compared to HKD 28.7 million for the same period in 2023[51] - The company employed 119 employees as of June 30, 2024, down from 132 employees on December 31, 2023[51] - The company’s administrative expenses were HKD 9,686,000, slightly higher than HKD 9,580,000 in the previous year[2] Corporate Governance and Compliance - The company has maintained compliance with corporate governance codes throughout the reporting period[67] - The Audit Committee was established on September 10, 2015, to review and monitor the group's financial reporting procedures, internal controls, and risk management systems[73] - The unaudited condensed consolidated financial statements for the relevant period have been reviewed by the Audit Committee and comply with applicable accounting standards and listing rules[73] - The Audit Committee consists of three members, all of whom are independent non-executive directors[73] Future Plans and Business Operations - The company plans to undertake larger projects and expand its engineering services through additional licenses and qualified personnel recruitment[38] - The company has not identified any business or interests that may compete with its operations during the reporting period[62] - There were no major acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period[51] Financial Risks and Commitments - The company did not face significant foreign exchange risks and did not engage in any hedging activities during the reporting period[47] - The company did not incur any capital expenditure on property, plant, and equipment during the period, compared to HKD 2,780,000 in the same period of 2023[25] - The company did not have any significant capital commitments for property, plant, and equipment as of June 30, 2024[50] Shareholder Information - As of June 30, 2024, the major shareholder Golden Luck holds 653,000,000 shares, representing 43.61% of the total shares[61] - The company has secured performance guarantees from banks for approximately HKD 64.6 million as of June 30, 2024, compared to HKD 34.7 million as of December 31, 2023[44] - As of June 30, 2024, the company's debt-to-equity ratio was 13.1%, compared to zero on December 31, 2023[45] - The company had unutilized financing of HKD 69.1 million as of June 30, 2024, up from HKD 39.0 million on December 31, 2023[46] Changes in Accounting Standards - The group adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2024, with no significant impact on its operations or financial position[10]
立基工程控股(01690) - 2023 - 年度财报
2024-04-19 10:34
Financial Performance - Total revenue decreased by approximately 19.6% from about HKD 401.9 million in the year ended December 31, 2022, to about HKD 323.3 million in the year ended December 31, 2023[6]. - Profit for the year decreased by approximately 32.3% from about HKD 10.9 million in the year ended December 31, 2022, to about HKD 7.4 million in the year ended December 31, 2023[19]. - Gross profit increased to approximately HKD 26.6 million, with a gross margin of about 8.2%, compared to a gross profit of about HKD 25.7 million and a gross margin of about 6.4% in the previous year[15]. - Sales costs decreased by approximately 21.1% from about HKD 376.2 million to about HKD 296.7 million, primarily due to a reduction in the number and scale of projects undertaken[13]. - Administrative expenses decreased by about 5.6% to approximately HKD 18.9 million, mainly due to a reduction in employee salaries and discretionary bonuses[16]. - Other income and losses decreased significantly by approximately 61.2% from about HKD 3.1 million to about HKD 1.2 million, mainly due to the absence of a subsidy from the Hong Kong government’s employment support scheme[17]. - The return on equity was 4.8% for the year, down from 7.5% in 2022[41]. - The net cash generated from operating activities was HKD 39.2 million, compared to a net cash used of HKD 36.5 million in 2022[41]. Assets and Liabilities - As of December 31, 2023, the total assets of the group were approximately HKD 296.9 million, compared to HKD 295.0 million in 2022[20]. - The group had zero interest-bearing loans and borrowings as of December 31, 2023, down from HKD 10.0 million in 2022[20]. - The current ratio as of December 31, 2023, was approximately 2.0 times, an increase from 1.9 times in 2022[20]. - The debt-to-equity ratio was zero as of December 31, 2023, compared to 6.9% in 2022[21]. Employee and Workforce - The group employed a total of 132 employees as of December 31, 2023, unchanged from 2022, with total employee costs amounting to approximately HKD 63.1 million, up from HKD 58.3 million in 2022[33]. - Employee turnover rate decreased to 23% in 2023 from 55% in 2022, with 31 employees leaving out of 132[171]. - Total training hours for male employees increased to 330 in 2023, with a training participation rate of 35%[177]. - Female representation in the workforce increased to 9.1% in 2023 from 7.6% in 2022[170]. - The number of employees aged 41 to 60 increased to 64 in 2023 from 61 in 2022[170]. - All management employees received 100% training participation in both years[177]. Corporate Governance - The company emphasizes the importance of good corporate governance for long-term success and sustainable development, adhering to the corporate governance code[73]. - The board consists of six directors, including three executive directors and three independent non-executive directors, ensuring a strong independent element[78]. - The company has adopted a code of conduct for directors' securities trading, confirming compliance with the standards set forth in the listing rules[87]. - The board has established mechanisms to ensure high independence, with at least three independent non-executive directors and one-third of the board being independent[91]. - The company is committed to reviewing its corporate governance policies and practices regularly to ensure compliance with legal and regulatory requirements[76]. Environmental Impact - The total electricity consumption for the year 2023 was 111,641 kWh, an increase from 104,297 kWh in 2022, resulting in an electricity density of 2.30 kWh per employee per day[163]. - The total water consumption for the year 2023 was 56 cubic meters, with a water density of 0.001 cubic meters per employee per day, consistent with the previous year[163]. - The total greenhouse gas emissions for 2023 amounted to 97.75 tons, up from 90.3 tons in 2022, with direct emissions (Scope 1) at 6.23 tons and indirect emissions (Scope 2) at 70.33 tons[160]. - The company has implemented measures to reduce environmental impact, including recycling refrigerants and promoting high-efficiency equipment to clients[158]. - The company has complied with all relevant waste disposal regulations in Hong Kong during the year[158]. Future Outlook - The construction market in Hong Kong is expected to remain highly competitive in 2024, influenced by rising operational costs and a slowdown in economic growth[7]. - Future opportunities and challenges for the company will be influenced by the development of the Hong Kong property market and factors affecting labor and material costs[11]. Shareholder Communication - The company has established multiple channels for communication with shareholders and investors, including annual and interim reports, announcements, and a dedicated website[145]. - The company encourages shareholders to attend general meetings in person or appoint representatives to vote on their behalf[146]. - The company encourages shareholders to provide updated contact information to ensure effective communication[157]. Risk Management - The board has established a risk management framework to identify, assess, and mitigate risks, with management responsible for its implementation and effectiveness[130]. - The company has adopted a three-line risk management approach to ensure effective risk identification and monitoring[134].
立基工程控股(01690) - 2023 - 年度业绩
2024-03-25 14:42
Financial Performance - The company's revenue for the year ended December 31, 2023, was approximately HKD 323.3 million, a decrease of about HKD 78.6 million or 19.6% compared to the previous year[5]. - The profit attributable to the company's shareholders for the year ended December 31, 2023, was approximately HKD 7.4 million, down 32.3% from HKD 10.9 million in the previous year[5]. - The gross profit for the year ended December 31, 2023, was HKD 26.6 million, representing an increase of 3.4% from HKD 25.7 million in the previous year[5]. - The total comprehensive income for the year ended December 31, 2023, was HKD 7.4 million, down from HKD 10.9 million in the previous year[6]. - The basic earnings per share for the year ended December 31, 2023, was HKD 0.49, compared to HKD 0.71 in the previous year[6]. - The net profit for the year was HKD 7,424,000, compared to HKD 7,533,000 in the previous year, reflecting a decline of approximately 1.5%[23]. - The company's profit before tax for 2023 was HKD 9,069,000, an increase from HKD 8,662,000 in 2022, representing a growth of approximately 4.7%[36]. - The group's net profit for the current year decreased by approximately 32.3% to about HKD 7.4 million, down from approximately HKD 10.9 million for the year ended December 31, 2022[63]. Revenue Breakdown - Revenue from equipment engineering services was HKD 309,008,000, down from HKD 384,538,000, representing a decline of approximately 19.6%[23]. - Revenue from maintenance and repair services decreased to HKD 14,299,000 from HKD 17,384,000, reflecting a decline of about 17.9%[23]. - The group's revenue from external sales for the year ended December 31, 2023, was HKD 323,307,000, a decrease from HKD 401,922,000 in 2022, representing a decline of approximately 19.5%[29]. - The maintenance and repair services segment generated a profit of HKD 26,586,000 for the year ended December 31, 2023, compared to HKD 25,717,000 in 2022, indicating an increase of about 3.4%[29]. Expenses and Costs - The cost of revenue for the year ended December 31, 2023, was HKD 296.7 million, compared to HKD 376.2 million in the previous year[6]. - Administrative expenses for the year ended December 31, 2023, were HKD 18.9 million, a decrease from HKD 20.1 million in the previous year[6]. - The total administrative expenses for the year ended December 31, 2023, were HKD 18,939,000, down from HKD 20,072,000 in 2022, indicating a reduction of about 5.6%[29]. - The total employee costs for 2023 amounted to HKD 63,131,000, up from HKD 58,284,000 in 2022, indicating an increase of about 8.5%[32]. Assets and Liabilities - Total assets as of December 31, 2023, amounted to HKD 284,307,000, compared to HKD 279,763,000 in 2022, reflecting an increase of approximately 1.9%[8]. - Current liabilities increased to HKD 143,588,000 in 2023 from HKD 137,526,000 in 2022, representing a rise of about 4.1%[8]. - The net value of current assets reached HKD 140,719,000 in 2023, up from HKD 131,077,000 in 2022, indicating an increase of approximately 7.5%[8]. - Total equity increased to HKD 152,464,000 in 2023 from HKD 145,563,000 in 2022, marking a growth of about 4.9%[8]. - The accounts receivable for 2023 were HKD 56,052,000, significantly lower than HKD 98,129,000 in 2022, showing a decline of about 42.8%[42]. - The total contract assets decreased to HKD 111,458,000 in 2023 from HKD 116,379,000 in 2022, primarily due to a reduction in the number and scale of completed but unbilled construction contracts[45][46]. Accounting Policies and Compliance - The company did not apply any new accounting standards that were not yet effective during the reporting period, ensuring compliance with existing regulations[9]. - The company has adopted new accounting policies related to long-term service liabilities in accordance with the guidelines issued by the Hong Kong Institute of Certified Public Accountants[13]. - The implementation of the revised regulations will cease the use of the previous accounting method, impacting service costs and interest expenses from June 2022 onwards[13]. - The company anticipates that the changes in accounting policies will lead to adjustments in the financial statements for the upcoming fiscal periods[13]. Shareholder Information - The company will not declare any final dividend for the year ended December 31, 2023, consistent with the previous year[5]. - The board of directors does not recommend the payment of any final dividend for the current year[98]. - The annual general meeting will be held on May 14, 2024, providing a platform for direct communication between the board and shareholders[103]. - The company expresses gratitude to shareholders, business partners, and customers for their continued support[107]. Corporate Governance - The company has complied with corporate governance codes and standards, enhancing accountability and transparency[93]. - Directors confirmed adherence to the standards for securities trading, with no known violations during the year[94]. - The company has adhered to applicable labor laws and regulations, ensuring employee welfare is regularly reviewed and improved[89]. - There were no strikes, work stoppages, or labor disputes affecting operations during the year[89].