Core Viewpoint - Next week, a total market value of over 230 billion yuan will be unlocked due to the lifting of restrictions on 34 stocks [3][4]. Group 1: Company Announcements - Jihua Group (601718) received a notice from the CSRC regarding an investigation for suspected violations of information disclosure laws [2]. - Jihua Group's main business includes the research, production, and sales of workwear, work shoes, textile printing and dyeing, and protective equipment, confirming that it does not involve brain-computer interface technology [2]. Group 2: Unlocking Stocks - Next week, 34 stocks will face unlocking, with a total market value exceeding 230 billion yuan based on the latest closing prices [3]. - Haiguang Information will have 1.438 billion shares unlocked, with a market value of 195.711 billion yuan [4]. - Zhiwei Intelligent will have 176 million shares unlocked, with a market value of 9.448 billion yuan [5]. - In contrast, 16 stocks, including Chaoda Equipment and Green Harmonics, will have a smaller unlocking pressure, with market values below 100 million yuan [6]. Group 3: Performance and Market Reactions - The average stock price of the 34 stocks facing unlocking has increased by 3.45% since August [8]. - Wewang New Materials has seen the highest increase of 17.75% since August, with 115 million shares facing unlocking next week, valued at 2.406 billion yuan [8]. - Two stocks, Jinli Technology and Baoxin Technology, are expected to report losses for the first half of the year, with Jinli Technology predicting a net loss of approximately 12 million to 9 million yuan [9][10]. - Baoxin Technology anticipates a net loss of about 49 million to 32 million yuan, citing reduced customer orders and changes in the scope of consolidation as contributing factors [10]. Group 4: Institutional Research and Future Prospects - Several stocks facing unlocking have received institutional research, including Guosen Securities, which is awaiting the completion of its acquisition of Wanhua Securities [8]. - Haiguang Information reported a significant increase in contract liabilities to 3.091 billion yuan, indicating strong market demand for its products [9].

近两日连续涨停的际华集团，遭立案调查。 8月8日晚间，近两个交易日连续涨停的际华集团（601718）除了披露一则股票交易异常波动公告，还披露称被证监会立案调查。 际华集团表示，目前公司各项经营活动和业务均正常开展，在立案调查期间，公司将积极配合中国证监会的相关调查工作，并严格按有关法律法规等规定 履行信息披露义务。 际华集团近两个交易日连续涨停，这是际华集团近31个交易日里收到的第5、第6个涨停板，期间际华集团累计涨幅超60%。 | 分时 5日 v 5分 15分 30分 60分 日Ｋ 周Ｋ 月Ｋ 更多 v 筹码 叠加 √前复权 × 其他 ▼ ■ ／ ℃ | 际华集团 (601718) 两融 | | | 文 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 际华集团 均线 ▼ MA5: 4.66↑ MA10: 4.38↑ MA20: 4.15↑ MA30: 4.12↑ MA60: 3.50 ↑ MA120: 3.07 ● ● ✪ ✿ ✪ | 5.28 10.48 | +10.00% | | | | | 十 集 买 卖 | | 5.28 7 | ...

CONTENTS 目錄 | Corporation Information | 2 | | --- | --- | | 公司資料 | | | Chairman's Statement | 4 | | 主席報告 | | | Management Discussion and Analysis | 6 | | 管理層討論及分析 | | | Biographical Details of Directors and Company Secretary | 35 | | 董事及公司秘書的履歷詳情 | | | Corporate Governance Report | 42 | | 企業管治報告 | | | Report of the Directors | 74 | | 董事會報告 | | | Independent Auditor's Report | 95 | | 獨立核數師報告 | | | Consolidated Statement of Profit or Loss | 106 | | 綜合損益表 | | | Consolidated Statement of Comprehensive Income | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不對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的任何損失承擔任何責任。 Wan Kei Group Holdings Limited 宏 基 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：1718） 截至二零二五年三月三十一日止年度之年度業績公告 | 集團財務概要 | | | | --- | --- | --- | | 截至二零二五年三月三十一日止年度 | | | | | 二零二五年 | 二零二四年 | | | 港元 | 港元 | | 收入 | 301,128,972 | 288,653,824 | | 毛利 | 52,962,354 | 53,073,477 | | 除稅前虧損 | (51,896,177) | (19,340,608) | | 本公司擁有人應佔虧損 | (51,429,751) | (20,621,836) | | 每股虧損 | | （經重列） | | （港仙） 基本及攤薄 | (40.10) | (21.97) | | 現金及 ...

Company Overview - Macro Group Holdings Limited was established in October 2014 in the Cayman Islands and primarily operates in Hong Kong, providing foundation construction, land surveying services, and financial services [2] - The company has been involved in foundation engineering since May 1995, focusing on various types of pile construction, including socket-type I-beams and micro piles [2] - Macro Group's subsidiary, Fuhui (Hong Kong) Limited, obtained a money lender license in October 2017, and the company is preparing to apply for a license from the Securities and Futures Commission to offer comprehensive financial services in Hong Kong and Asia [2] Financial Performance - As of September 30, 2024, Macro Group reported total revenue of 161 million yuan, a year-on-year increase of 14.58% [1] - The company recorded a net profit attributable to shareholders of -9.53 million yuan, a significant decrease of 157.48% compared to the previous year [1] - The gross profit margin stood at 21.57%, while the debt-to-asset ratio was 72.01% [1] Market Performance - As of April 15, the Hang Seng Index rose by 0.23%, closing at 21,466.27 points [1] - Macro Group's stock price was 0.25 HKD per share, reflecting a 14.16% increase with a trading volume of 410,000 shares and a turnover of 93,400 HKD, showing a volatility of 18.26% [1] - Over the past month, Macro Group's stock has declined by 15.77%, and year-to-date, it has decreased by 8.63%, underperforming the Hang Seng Index's increase of 6.77% [1] Industry Valuation - The average price-to-earnings (P/E) ratio for the construction industry (TTM) is 6.77 times, with a median of 2.25 times [1] - Macro Group's P/E ratio is -1.02 times, ranking it 198th in the industry [1] - Comparatively, other companies in the industry have P/E ratios such as Pujiang International at 1.01 times, China Pipe at 1.51 times, and others ranging from 1.56 to 2.25 times [1]

Financial Performance - The group's revenue for the six months ended September 30, 2024, was approximately HKD 178,596,000, representing an increase of 14.5% compared to HKD 155,868,000 for the same period in 2023[2]. - The loss attributable to the company's owners for the reporting period was approximately HKD 10,563,000, compared to a profit of HKD 18,378,000 for the same period in 2023[4]. - The basic and diluted loss per share for the reporting period was approximately HKD 0.093, compared to a restated profit of HKD 0.198 per share for the same period in 2023[4]. - The gross profit for the six months ended September 30, 2024, was HKD 38,530,000, down from HKD 41,175,000 in the same period of 2023, indicating a decrease in gross margin[4]. - The total comprehensive loss for the period was HKD 12,802,000, compared to a total comprehensive income of HKD 17,816,000 for the same period in 2023[15]. - The pre-tax profit for the reportable segments was HKD 90,000, down from HKD 29,400,000 in the previous year, showing a significant decline[45]. - The company recorded a pre-tax loss of HKD 10,649 thousand for the six months ended September 30, 2024, compared to a profit of HKD 20,475 thousand for the same period in 2023[55]. - The company reported a net loss attributable to owners of approximately HKD 10,563,000 for the reporting period, compared to a net profit of HKD 18,378,000 in the same period last year, indicating a shift from profit to loss[150]. Revenue Breakdown - Revenue from construction contracts was HKD 119,280,000, up from HKD 115,005,000, reflecting a growth of 2.0%[35]. - Revenue from land surveying services decreased to HKD 24,583,000 from HKD 40,460,000, a decline of 39.2%[35]. - E-commerce sales, live streaming, and promotional business generated revenue of HKD 28,511,000, with no prior year comparison available[35]. - Revenue from Hong Kong for the six months ended September 30, 2024, was HKD 146,788 thousand, while revenue from Mainland China was HKD 31,808 thousand, marking a new revenue stream[57]. - Revenue from financial services was approximately 117,000 HKD, down from about 403,000 HKD for the six months ended September 30, 2023[112]. - Revenue from consumer goods trading accounted for approximately 1.6% of total revenue, with no contribution in the previous period[107]. - Social media e-commerce sales, live streaming, and promotional activities accounted for approximately 16.0% of total revenue, with no contribution in the previous period[108]. Asset and Liability Management - Current assets as of September 30, 2024, totaled HKD 301,219,000, a slight decrease from HKD 310,905,000 as of March 31, 2024[21]. - Current liabilities as of September 30, 2024, were HKD 229,047,000, compared to HKD 230,173,000 as of March 31, 2024, indicating stable liability management[21]. - Non-current assets increased to HKD 26,499,000 as of September 30, 2024, from HKD 13,069,000 as of March 31, 2024, reflecting investment in long-term assets[22]. - Total assets as of September 30, 2024, amounted to HKD 656,777 thousand, up from HKD 589,110 thousand as of March 31, 2024, indicating an increase of approximately 11.5%[55]. - Total liabilities increased to HKD 619,151 thousand as of September 30, 2024, compared to HKD 562,975 thousand as of March 31, 2024, reflecting a rise of about 10%[55]. - The total trade and other payables decreased to HKD 38,074 thousand as of September 30, 2024, down from HKD 48,755 thousand as of March 31, 2024, indicating improved cash flow management[82]. Employee and Operational Costs - Employee costs, including director remuneration, rose to HKD 42,732 thousand for the six months ended September 30, 2024, compared to HKD 31,643 thousand for the same period in 2023, an increase of approximately 35%[61]. - General and administrative expenses increased by approximately 150% to HKD 42,631,000, driven by higher employee costs of about HKD 11,089,000[121]. - Selling expenses were approximately HKD 2,947,000, attributed mainly to social media e-commerce sales, live streaming, and promotional activities[120]. Financing and Investment Activities - The company completed a placement agreement to issue up to 19,200,000 shares at a placement price of 1.00 HKD per share, raising net proceeds of approximately 18,708,000 HKD after deducting issuance expenses[90]. - The company acquired the remaining 49% equity interest in Pure Run International Limited for a cash consideration of 5,000,000 HKD, making it a wholly-owned subsidiary[100]. - The company plans to allocate approximately 70% of the net proceeds for director and employee compensation, 8% for rental expenses, and 12% for professional fees[165][168]. - The company has not conducted any significant acquisitions or disposals of subsidiaries or associates during the reporting period[191]. Credit Risk and Loan Management - The expected credit loss provision for corporate loans was reversed by approximately HKD 1,442,000, with total expected credit losses amounting to approximately HKD 33,622,000[127]. - The expected credit loss rate for corporate loans as of September 30, 2024, is 75.2%, up from 63.1% as of March 31, 2023, leading to a provision of approximately HKD 6,696,000[135]. - The company emphasizes the financial background and repayment ability of borrowers during the loan assessment process to mitigate default risks[143]. - The company has initiated legal proceedings to recover the unpaid redemption amounts, including hiring legal counsel in the British Virgin Islands[134]. Corporate Governance and Compliance - The company has complied with all applicable corporate governance code provisions during the reporting period[200]. - The company has not adopted any currency hedging policies or other hedging instruments, as it faces minimal foreign exchange risk due to its operations primarily in Hong Kong[189].

Revenue and Profitability - The Group's revenue for the Reporting Period was approximately HK$2,406,000 from the e-commerce live streaming and promotion segment, with a gross profit margin of approximately 87.3%[29]. - The Group recorded a revenue decrease of approximately HK$26,793,000 or 8.5%, totaling approximately HK$288,654,000 for the year ended March 31, 2024, compared to HK$315,447,000 for the year ended March 31, 2023[48]. - Revenue from foundation construction works contributed approximately 76.1% to the total revenue during the Reporting Period, down from approximately 80.9% in the previous year[52]. - Revenue from ground investigation services accounted for approximately 22.7% of total revenue, an increase from approximately 18.3% in the previous year[52]. - The gross profit from the e-commerce live streaming and promotion segment was approximately HK$2,406,000, with a gross profit margin of 87.3%[32]. - The Group's overall gross profit margin during the Reporting Period was approximately 18.4% (YR2023: approximately 17.1%) despite a decrease in gross profit from approximately HK$53,789,000 to approximately HK$53,073,000[58]. - Gross profit for the year was HK$53.07 million, slightly down from HK$53.79 million, indicating a gross margin of approximately 18.4%[163]. Expenses and Losses - The Group's general and administrative expenses and impairment losses decreased by approximately 20.7% to HK$65,326,000 compared to HK$82,350,000 for the year ended 31 March 2023[31][33]. - The impairment losses on financial and contract assets decreased by approximately HK$3,887,000, from HK$26,786,000 in the previous year[31][33]. - The Group recorded a net loss of approximately HK$20,622,000 for the Reporting Period, compared to a net loss of approximately HK$46,996,000 for the year ended 31 March 2023[87]. - Loss for the year was HK$20.10 million, a significant improvement compared to a loss of HK$46.99 million in the previous year, representing a reduction of 57.3%[163]. - General and administrative expenses increased to HK$61.44 million from HK$55.56 million, reflecting an increase of 10.5%[163]. Financial Position and Cash Flow - As of March 31, 2024, the Group had cash and bank balances of approximately HK$138,286,000, an increase of approximately HK$21,808,000 from HK$116,478,000 as of March 31, 2023[120]. - The net cash generated from operating activities during the Reporting Period amounted to approximately HK$42,295,000, primarily from foundation construction works and ground investigation services[120]. - The net cash used in financing activities was approximately HK$20,358,000, mainly due to repayments of HK$10,000,000 to a related company and approximately HK$8,678,000 to a director of a subsidiary[120]. - Cash and cash equivalents at the end of the year reached HKD 138,285,822, up from HKD 116,478,368, marking an increase of 18.7%[199]. - The total cash flow from operating activities reflects a strong operational performance, contributing positively to the overall cash position[199]. Strategic Initiatives and Future Plans - The Group has expanded its business into e-commerce live streaming and promotion, indicating a strategic shift towards digital platforms[29]. - The Group plans to expand its e-commerce live streaming and promotion business, currently operating 4 broadcasting rooms and employing around 30 live streamers[48]. - The Group aims to seek cooperation and investment opportunities with high-quality companies in emerging industries to diversify and expand its business[48]. - The Group's future strategy will depend on the recovery of the economy, with a cautious approach to tendering potential projects[48]. - The Group will explore resuming the trading business with a broader focus on general consumer products after settling outstanding trade receivables[60]. Credit and Loan Management - The company adopted a prudent approach to measure the expected credit loss (ECL) related to the receivable[71]. - The loan application process includes thorough evaluations of the borrower's financial standing, legal history, collateral, and repayment ability to mitigate default risks[84]. - The Credit Committee, consisting of Mr. Yan Shuai and Mr. Chong Ka Yee, oversees all credit-related matters and must approve all loans[85]. - The Group emphasizes ongoing monitoring of loan recoverability and may revise repayment terms or initiate legal proceedings to mitigate credit losses[85]. - The expected credit loss provision for Loan receivable A was approximately HK$7,964,000 with a gross carrying amount of approximately HK$15,054,000, all outstanding balances have been settled during the reporting period[78]. Share Capital and Financing Activities - The Board did not recommend the payment of a final dividend for the Reporting Period (YR2023: nil) [89]. - Net proceeds from the placing of 160,000,000 new ordinary shares raised approximately HK$134.0 million [89]. - The company plans to utilize part of the net proceeds for investment, financing, and lending services, with HK$134.0 million allocated [89]. - The Group has issued a demand letter against the Fund, the Manager, and the Investment Manager, considering legal actions to recover the outstanding redemption amount[103]. - The Group has maintained a healthy liquidity position throughout the Reporting Period by adopting a prudent financial management approach[120]. Risk Management - The Group's key risk exposures include a concentrated clientele base and dependency on senior management, which may adversely affect operations and financial results[130]. - The Group has not experienced significant foreign exchange risks as most transactions are settled in Hong Kong dollars[95]. - The Group had no material contingent liabilities as of 31 March 2024 and 2023[96].

Employee Costs and Expenses - Employee costs increased to HKD 76,587,383 in 2024 from HKD 69,329,793 in 2023[1] - General and administrative expenses, along with net impairment losses on financial and contract assets, decreased by 20.7% to HKD 65,326,000 in the reporting period from HKD 82,350,000 in the previous year, mainly due to a reduction in net impairment losses on financial and contract assets by HKD 3,887,000[66] Taxation - Income tax expense for 2024 was HKD 759,814, compared to HKD 937,787 in 2023[2] Dividends - No dividends were declared for the fiscal years ending March 31, 2024 and 2023[3] Trade Receivables and Payables - Trade receivables increased to HKD 31,800,294 in 2024 from HKD 28,046,881 in 2023[10] - Trade payables increased to HKD 30,929,648 in 2024 from HKD 23,414,315 in 2023[11] Revenue Composition - Revenue from foundation construction engineering accounted for 76.1% of total revenue in 2024, down from 80.9% in 2023[14] - Revenue from financial services decreased to HKD 554,000 in 2024 from HKD 2,507,000 in 2023[16] - Revenue from e-commerce live streaming and promotion accounted for 1.0% of total revenue in 2024, up from 0% in 2023[31] - Revenue from customer contracts under HKFRS 15 was HKD 219,633,347, down from HKD 255,328,042 in the previous year[191] - Revenue from foundation construction engineering increased to HKD 65,709,218 from HKD 57,611,299, while revenue from land surveying services was HKD 2,757,238[191] - Total revenue from financial services interest income decreased to HKD 554,021 from HKD 2,507,339[191] Profitability and Margins - Gross profit margin improved to 18.4% in 2024 from 17.1% in 2023[43] - The financial services segment reported a gross profit of HKD 554,000 with a gross margin of 100% during the reporting period[65] - The company recorded a net loss of approximately HKD 20,622,000 in the reporting period, compared to a net loss of HKD 46,996,000 in the year ended March 31, 2023[73] - Gross profit for the fiscal year ending March 31, 2024, was HKD 53,073,477, slightly down from HKD 53,789,469 in the previous year[151] - The company reported a pre-tax loss of HKD 19,340,608 for the fiscal year ending March 31, 2024, compared to a pre-tax loss of HKD 46,057,791 in the previous year, showing a significant improvement[151] - The total gross profit for the reportable segments was HKD 53,789,469, with foundation construction engineering contributing HKD 34,382,854, land surveying services contributing HKD 16,900,027, and financial services contributing HKD 2,506,588[198] - The total pre-tax profit/(loss) for the reportable segments was a loss of HKD 5,854,026, with foundation construction engineering showing a profit of HKD 13,259,397, land surveying services showing a profit of HKD 5,023,016, financial services showing a loss of HKD 14,932,143, and consumer goods trading showing a loss of HKD 9,204,296[198] Industry Outlook - The company expects a steady recovery in the Hong Kong construction and foundation industry despite the slower-than-expected global economic recovery[23] Loans and Receivables - Outstanding principal of Receivable Loan B decreased from HKD 16,900,000 as of March 31, 2023, to HKD 12,900,000 as of March 31, 2024, following a settlement agreement and repayment schedule[49] - The company received a total of HKD 40,181,000 (including accrued interest) for the redemption of debt instruments, with an outstanding amount of HKD 26,926,000 still unpaid as of the announcement date[50] - Expected credit loss provisions for consumer trade receivables and Receivable Loan A were HKD 10,386,000 and HKD 7,964,000, respectively, as of March 31, 2023, with all outstanding balances cleared during the reporting period[51] - The expected credit loss rate for Receivable Loan B decreased to 63.1% as of March 31, 2024, with a provision of HKD 8,138,000 against a total book value of HKD 12,900,000[149] Acquisitions and Investments - Unused net proceeds for further acquisitions are planned to be fully utilized by March 31, 2025, targeting companies in the food, beverage, and construction industries, or other sectors if deemed beneficial[52] - The company acquired the remaining 49% equity of Pure Luck International Limited for a cash consideration of HKD 5,000,000 on April 30, 2024[84] - The company's fair value loss on listed equity investments was approximately HKD 520,000 for the year ended March 31, 2024, compared to no loss in the previous year[132] - The company's fair value of equity securities investments (unlisted) decreased from HKD 8,559,589 in 2023 to HKD 2,734,980 in 2024[129] - The company's share of profit from Song Shen IP Development Limited was HKD 4,141,000 for the period from April 1, 2022, to March 27, 2023[147] Legal and Contingent Liabilities - The company is considering legal action to recover unpaid redemption amounts of HKD 26,926,000 from the fund, manager, and investment manager[59] - No significant contingent liabilities were reported as of March 31, 2023, and March 31, 2024[54] - The company has no significant pending litigation as of March 31, 2024[100] Financial Position and Liquidity - Total interest-bearing borrowings as of March 31, 2024, amounted to HKD 179,941,000, primarily in HKD with fixed interest rates[61] - The company maintains a prudent financial management approach, focusing on continuous credit assessments and monitoring liquidity to ensure sufficient funding for operations[82] - The company's foreign exchange risk is minimal as most of its operations and transactions are settled in HKD, and it has not adopted any currency hedging policies[82] - The company's cash and bank balances increased by approximately HKD 21,808,000 to HKD 138,286,000 as of March 31, 2024, compared to HKD 116,478,000 on March 31, 2023[97] - The company's cash and cash equivalents increased to HKD 138,285,822 as of March 31, 2024, up from HKD 116,478,368 in the previous year[151] - Net current assets decreased by HKD 20,880,000 to HKD 80,732,000 as of March 31, 2024, from HKD 101,612,000 as of March 31, 2023, primarily due to a decrease in other receivables[81] - The company's net current assets decreased to HKD 80,731,837 as of March 31, 2024, from HKD 101,611,797 in the previous year[158] - The company's capital-to-debt ratio increased to 199.2% as of March 31, 2024, from 161.0% as of March 31, 2023, reflecting a higher level of interest-bearing liabilities relative to total equity[82] - The company's net asset value decreased to HKD 90,828,717 as of March 31, 2024, from HKD 117,337,456 in the previous year[151] - The company's total assets decreased to HKD 323,973,873 as of March 31, 2024, from HKD 354,084,748 in the previous year[151] - Non-current assets totaled HKD 13,069,446 as of March 31, 2024, compared to HKD 18,256,986 in the previous year[168] - The company's attributable capital and reserves include share capital of HKD 9,600,000 and reserves of HKD 80,721,978, down from HKD 107,737,456 in the previous year[169] - Total non-current liabilities increased to HKD 2,972,566 from HKD 2,531,327, driven by higher long-service payment liabilities (HKD 1,486,225) and lease liabilities (HKD 972,685)[170] - The company reported a net asset value of HKD 90,828,717, down from HKD 117,337,456 in the previous year[170] Share Issuance and Capital - The company entered into a placement agreement on April 3, 2024, to issue up to 19,200,000 shares at a placement price of HKD 1.00 per share, with a net issue price of approximately HKD 0.97 per share after deducting commissions and expenses[76] - The company completed a placement on April 16, 2024, issuing 19,200,000 shares, representing approximately 16.66% of the enlarged issued share capital post-placement[99] - The company's issued share capital remained at HKD 9,600,000 as of March 31, 2024, with 96,000,000 ordinary shares issued, each with a par value of HKD 0.1[91] Business Expansion and Diversification - The company is exploring opportunities in emerging industries to diversify and expand its business[63] - The company expanded into social media e-commerce live streaming and promotion business during the reporting period[190] Other Income and Expenses - Other income, other gains, and net losses decreased by approximately HKD 14,463,000 from HKD 16,529,000 in the year ended March 31, 2023, to HKD 2,066,000 in the reporting period, primarily due to the absence of government subsidies and reclassification of gains from debt investments[66] - The fair value loss on financial assets measured at fair value through other comprehensive income was HKD 5,825,000 for the reporting period, compared to no loss in the previous year[142] - Total interest income from bank deposits was HKD 822,214, while total interest expenses amounted to HKD 6,194,682[198] - Total depreciation for the year was HKD 4,035,475, with foundation construction engineering accounting for HKD 625,227, land surveying services for HKD 1,685,080, and financial services for HKD 1,725,168[198] - The total impairment loss/(reversal) on financial and contract assets was HKD 26,065,914, with financial services contributing HKD 16,001,055 and consumer goods trading contributing HKD 10,179,922[198] Assets and Liabilities by Segment - Total assets for the reportable segments amounted to HKD 640,681,691, with foundation construction engineering accounting for HKD 273,709,093, land surveying services for HKD 57,994,568, financial services for HKD 254,062,307, and consumer goods trading for HKD 54,915,723[198] - Total liabilities for the reportable segments were HKD 611,232,187, with foundation construction engineering accounting for HKD 192,216,619, land surveying services for HKD 10,294,189, financial services for HKD 349,395,427, and consumer goods trading for HKD 59,325,952[198] Capital Expenditures - Total capital expenditures for the year were HKD 3,405,103, with foundation construction engineering accounting for HKD 944,748, land surveying services for HKD 954,837, and financial services for HKD 1,505,518[198] Revenue and Profit by Segment - Total external customer revenue for the fiscal year ending March 31, 2024, was HKD 315,446,680, with the foundation construction engineering segment contributing HKD 255,328,042, land surveying services contributing HKD 57,611,299, and financial services contributing HKD 2,507,339[198] - The total gross profit for the reportable segments was HKD 53,789,469, with foundation construction engineering contributing HKD 34,382,854, land surveying services contributing HKD 16,900,027, and financial services contributing HKD 2,506,588[198] - The total pre-tax profit/(loss) for the reportable segments was a loss of HKD 5,854,026, with foundation construction engineering showing a profit of HKD 13,259,397, land surveying services showing a profit of HKD 5,023,016, financial services showing a loss of HKD 14,932,143, and consumer goods trading showing a loss of HKD 9,204,296[198] Accounting Standards - The company adopted revised HKFRS standards, including HKAS 12 amendments related to international tax reform under the OECD's Pillar Two model, which had no impact on the financial statements[174] Customer Concentration and Project-Based Revenue - The company's revenue is project-based and non-recurring, and failure to secure new projects could result in lower-than-expected revenue[101] - The company's customer base is concentrated, and the loss of any major client could adversely affect operations and financial performance[105] Land Surveying Services - Land surveying service revenue increased by HKD 8,098,000 (14.1%) to HKD 65,709,000 during the reporting period, driven by an increase in large-scale projects[64] Financial Services - The financial services segment reported a gross profit of HKD 554,000 with a gross margin of 100% during the reporting period[65] - Revenue from financial services decreased to HKD 554,000 in 2024 from HKD 2,507,000 in 2023[16] - Total revenue from financial services interest income decreased to HKD 554,021 from HKD 2,507,339[191] Consumer Trade Receivables - The company's trade receivables for consumer goods trading were fully settled during the reporting period, following overdue payments in 2023[133] Total Assets and Liabilities - The company's total assets increased from HKD 82,329,036 to HKD 94,764,826 during the reporting period[134] - The company's total assets decreased to HKD 323,973,873 as of March 31, 2024, from HKD 354,084,748 in the previous year[151] - Total liabilities for the reportable segments were HKD 611,232,187, with foundation construction engineering accounting for HKD 192,216,619, land surveying services for HKD 10,294,189, financial services for HKD 349,395,427, and consumer goods trading for HKD 59,325,952[198] Placement and Proceeds Utilization - The company plans to use up to HKD 36,500,000 of the net proceeds from the placement to develop its lending business over the next 12 months[80] Transaction Price and Performance Obligations - The transaction price allocated to remaining performance obligations under existing contracts was approximately HKD 275,503,000, up from HKD 176,615,000 in the previous year[191]

Revenue Performance - Revenue for the six months ended 30 September 2023 amounted to approximately HK$155,868,000, a decrease of 13.3% compared to HK$179,842,000 for the same period in 2022[12] - The Group's total revenue decreased by approximately HK$23,974,000 or approximately 13.3%, from approximately HK$179,842,000 for the six months ended 30 September 2022 to approximately HK$155,868,000 for the Reporting Period[25] - Revenue from foundation construction works decreased by approximately 23.3%, from approximately HK$150,009,000 to approximately HK$115,005,000, due to a decrease in the number of sizeable projects tendered[28] - Revenue from ground investigation services increased by approximately 43.7%, from approximately HK$28,150,000 to approximately HK$40,460,000, attributed to an increase in sizeable projects tendered[29] - Revenue from financial services represented approximately 0.3% of total revenue, a decrease from 0.9% in the previous year[23] - No revenue was generated from the trading of beauty and skin care products during the Reporting Period, consistent with the previous year[24] Profitability - Profit attributable to equity shareholders for the Reporting Period was approximately HK$18,378,000, significantly up from HK$473,000 in the previous year[14] - Basic and diluted earnings per share for the Reporting Period were approximately HK cents 1.98, compared to HK cents 0.05 for the same period in 2022[14] - The Group's gross profit amounted to approximately HK$41,175,000 for the Reporting Period, compared to approximately HK$26,004,000 for the six months ended 30 September 2022[32] - The overall gross profit margin during the Reporting Period was approximately 26.4%, an increase from approximately 14.5% for the previous period[32] - Profit from operations rose significantly to HK$25,062,000, compared to HK$6,700,000 in the previous year, marking a 273.5% increase[171] - Profit before taxation reached HK$20,475,000, a substantial increase from HK$1,272,000 in the prior year[171] Expenses and Costs - General and administrative expenses decreased by approximately 31.8% to approximately HK$17,055,000 from approximately HK$24,998,000[47] - Finance costs decreased to approximately HK$4,587,000 from approximately HK$5,386,000, primarily due to partial repayment of amounts due to a related company[48] - The total remuneration cost incurred by the Group for the reporting period was approximately HK$31,643,000, slightly up from HK$31,526,000 for the six months ended September 30, 2022[165] Credit and Loan Management - The Group recognized a reversal of expected credit losses of approximately HK$9,102,000, resulting in an aggregate expected credit loss of approximately HK$26,148,000 as of 30 September 2023[61] - Loan receivable A was past due with an outstanding principal of approximately HK$5,960,000 as of 30 September 2023, and the last installment is due on or before 31 October 2023[69] - Loan receivable B has been past due since June 2020, with an outstanding principal of approximately HK$14,900,000 as of 30 September 2023, and the last installment is due on or before 30 September 2025[72] - The total outstanding balance for Loan receivable B was approximately HK$14,900,000, with a full provision made for this amount due to significant credit risk increases since initial recognition[81][82] - The Group has initiated winding up procedures against the customer responsible for Loan receivable B, which was overdue since June 2020, but withdrew the petition after signing a supplemental agreement in July 2023[81][82] Financial Position - As of September 30, 2023, the Group had a total outstanding loan principal amount of approximately HK$20,860,000, down from approximately HK$31,900,000 as of March 31, 2023[105] - The Group's net current assets rose to approximately HK$122,594,000 as of September 30, 2023, an increase of approximately HK$20,983,000 from HK$101,611,000 as of March 31, 2023[138] - Cash and bank balances amounted to approximately HK$127,489,000 as of September 30, 2023, compared to approximately HK$116,478,000 as of March 31, 2023[142] - The total current liabilities were HK$236,311,000 as of September 30, 2023, slightly up from HK$234,216,000 as of March 31, 2023, indicating a marginal increase of 0.9%[174] Use of Proceeds - The net proceeds from the placing of 160,000,000 new ordinary shares amounted to approximately HK$134.0 million[112] - Approximately HK$20.8 million of the proceeds was used for investment and financial services, with plans to utilize up to HK$36.5 million for developing the money lending business in the next 12 months[118] - The Group intended to change the use of up to approximately HK$76.7 million of the outstanding net proceeds to fund the acquisition of approximately 51.315% of Blue Marble Limited, which had a total consideration of HK$320,000,000[118] - The planned use of net proceeds includes funding further possible acquisitions, with approximately HK$70.7 million allocated for this purpose[117] Shareholder Matters - The Share Consolidation was approved by shareholders, consolidating every ten existing shares into one consolidated share, effective November 22, 2023[162] - The Share Consolidation aims to comply with trading requirements and reduce transaction costs, making shares more attractive to a broader range of investors[162] Overall Financial Review - The Group's financial review indicates a focus on managing credit risks associated with trade receivables and loan receivables amid challenging economic conditions[79][81] - The Group's liquidity position is maintained through prudent financial management and ongoing credit assessments of customers[148] - The Group's audit committee has reviewed the unaudited condensed consolidated interim financial information[184] - The Group operates four reportable segments, including foundation construction, which serves clients in Hong Kong[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之內容概不負責，對其準確 性或完備性亦不發表任何聲明，並明確表示概不會對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的任何損失承擔任何責任。 Wan Kei Group Holdings Limited 宏 基集 團 控 股有 限 公司 （於開曼群島註冊成立之有限公司） 1718 （股份代號： ） 截至二零二三年九月三十日止六個月之 中期業績公告 財務摘要 • 155,868,000 本集團於報告期間之收入約為 港元（截至二零二二年九月三十日止六個月： 179,842,000 約 港元）。 • 18,378,000 報告期間本公司權益股東應佔溢利約為 港元（截至二零二二年九月三十日止 473,000 六個月：約 港元）。 • 1.98 報告期間本公司每股基本及攤薄盈利約為 港仙（截至二零二二年九月三十日止六個 ...