本 公 告 乃 由 建 鵬 控 股 有 限 公 司（「本 公 司」，連 同 其 附 屬 公 司 統 稱「本 集 團」）根 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則（「上 市 規 則」）第13.09條以及香港法例第 571章《證 券 及 期 貨 條 例》第XIVA部 內 幕 消 息 條 文（定 義 見 上 市 規 則）刊 發。 本 公 司 董 事 會（「董 事 會」）謹 此 知 會 本 公 司 股 東（「股 東」）及 有 意 投 資 者，基 於 董 事 會 目 前 可 得 資 料（包 括 本 集 團 最 近 期 未 經 審 核 綜 合 管 理 賬 目），董 事 會 初 步 估 計，本 集 團 預 計 於 截 至 二 零 二 五 年 六 月 三 十 日 止 六 個 月（「本 期 間」）錄 得 淨 利 潤 約400,000澳 門 元，相 比 二 零 二 四 年 同 期 則 錄 得 未 經 審 核 綜 合 淨 虧 損 約11,300,000 澳 門 元。 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 ...

呈交日期: 2025年8月1日 I. 法定/註冊股本變動 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 | | | 致：香港交易及結算所有限公司 公司名稱: 建鵬控股有限公司 | 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) | 01722 | 說明 | 建鵬控股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底法定/註冊股本總額： HKD 100, ...

Group 1: Company Overview - Jianpeng Holdings Limited has been providing a wide range of construction services since its establishment in Macau in 2006, focusing on both private and public sector projects [2][3] - The company's services include foundation-related works, landscaping, renovation and extension, road works, plumbing, electrical and mechanical engineering, and other supporting construction works [2][3] - Jianpeng has received multiple international standard certifications, including ISO9001:2015, ISO14001:2015, and OHSAS18001:2007, demonstrating its commitment to quality, environmental protection, and safety management [3] Group 2: Financial Performance - As of December 31, 2024, Jianpeng Holdings reported total revenue of 606 million yuan, representing a year-on-year growth of 15.83% [1] - The company recorded a net loss attributable to shareholders of 15.8766 million yuan, but this reflects a year-on-year improvement of 48.16% [1] - The gross profit margin stood at 1.04%, with a debt-to-asset ratio of 63.71% [1] Group 3: Market Position and Valuation - Jianpeng Holdings has a price-to-earnings (P/E) ratio of -3.4, ranking 167th in the construction industry, where the average P/E ratio is 8.55 [2] - The stock has experienced a cumulative increase of 32.5% over the past month, despite a year-to-date decline of 89.07%, underperforming the Hang Seng Index by 19.22% [1]

建鹏控股(01722.HK)涨超105%。 ...

Financial Performance - The Group's revenue increased by approximately 15.8% from approximately MOP582.9 million for the year ended 31 December 2023 to approximately MOP675.2 million for the year ended 31 December 2024[23]. - The Group recorded a loss for the year of approximately MOP17.7 million[23]. - The Group's gross profit decreased by approximately MOP 3.3 million or 32.0% to approximately MOP 7.0 million for the year ended 31 December 2024, down from approximately MOP 10.3 million for the year ended 31 December 2023[45]. - The gross profit margin decreased to approximately 1.0% for the year ended 31 December 2024 from approximately 1.8% for the year ended 31 December 2023[45]. - The total comprehensive loss for the year was approximately MOP17.7 million for 2024, a decrease from approximately MOP34.1 million in 2023, mainly due to the combined effects of the aforementioned items[57][62]. - The basic loss per share for the year ended December 31, 2024, was approximately MOP1.61 cents, down from approximately MOP3.12 cents in 2023[58][63]. - The Group's total equity attributable to owners decreased to approximately MOP 160.8 million as of December 31, 2024, from approximately MOP 178.5 million in 2023[90]. - The Group's other income and gains increased to approximately MOP4.8 million for the year ended December 31, 2024, compared to a loss of approximately MOP1.1 million for the year ended December 31, 2023[48][52]. Project and Market Activity - The Group completed 39 building and ancillary services projects and was awarded 29 new projects during the year[23]. - The public sector market in Macau remains vibrant due to new construction projects launched by the Macau Government[25]. - The construction market in Macau is expected to increase due to the resurgence of the gaming and tourism sectors, providing opportunities for the Group to expand its footprint in the private sector[29]. - The Group aims to explore business opportunities in Hong Kong, focusing on foundation works, which are expected to provide strategic benefits and support overall growth[29]. - The Group anticipates an increase in Macau's construction market activities due to the recovery of the gaming and tourism industries, presenting opportunities for expansion in the private sector market[118]. Cost Management and Financial Strategy - Rising costs and competitive pressures adversely impacted the gross profit of construction projects despite revenue growth[24]. - Strict cost control measures are a top priority for the Group to navigate the competitive environment in Hong Kong[26]. - The Group is committed to improving financial performance through strict cost control amidst challenges such as potential tariffs affecting construction material costs[30]. - The Group emphasizes cost control and operational efficiency to safeguard financial performance amid potential tariffs affecting construction material costs[119]. - The Group will continue to monitor market dynamics and adjust its strategies as needed to ensure financial stability and sustained growth[119]. Corporate Governance and Management - The Group's commitment to high corporate governance standards aims to safeguard shareholder interests and enhance corporate value[162]. - The Company has complied with all applicable code provisions of the Corporate Governance Code except for the deviation from code provision C.2.1, which requires separation of the roles of chairman and chief executive officer[163]. - The Board consists of six Directors, including three independent non-executive Directors, ensuring sufficient independent voice to protect the interests of the Company and its shareholders[172]. - The Company has received written confirmation from each independent non-executive Director regarding their independence according to the guidelines set out in Rule 3.13 of the Listing Rules[194]. - The Nomination Committee evaluates candidates for directorship based on criteria including character, qualifications, and independence[196]. Human Resources and Employment - The Group had 295 full-time employees as of December 31, 2024, a significant decrease from 598 in 2023[108]. - The Group has not faced significant labor disputes or difficulties in recruiting skilled personnel, ensuring operational stability[77]. - The Group's total staff costs from operations were approximately MOP151.9 million for the year ended December 31, 2024, compared to approximately MOP111.1 million in 2023, representing an increase of about 36.6%[112]. Risks and Challenges - The Group faces risks related to securing new contracts, as revenue is derived from non-recurrent projects and there is no guarantee of future business after current projects are completed[66][68]. - The future growth of the construction industry in Macau and Hong Kong is uncertain and heavily reliant on government spending and private sector project availability[70]. - The Group's credit risk concentration increased, with 35.6% of total trade receivables due from the largest debtor and 77.1% from the five largest debtors as of December 31, 2024[105]. Equipment and Capacity - The Group aims to enhance construction capacity and efficiency by acquiring additional equipment in 2024[18]. - The Group's property, plant, and equipment increased to approximately MOP115.0 million as of December 31, 2024, from approximately MOP86.8 million as of December 31, 2023, with acquisitions of approximately MOP52.1 million during 2024[60][65]. Board Changes - Mr. Cheung Wai Lun Jacky resigned as an independent non-executive director in December 2024[114]. - Mr. Chan Wai Keung was appointed as an executive director on October 18, 2024, and is responsible for business development[131]. - Mr. Chan has over 35 years of experience in business operations, international trade, and investments, currently serving as chairman and CEO of China Trend Investments Limited[132].

Financial Performance - Total revenue for the year ended December 31, 2024, was MOP 675,230,000, representing an increase of 15.8% compared to MOP 582,928,000 in 2023[3] - Gross profit decreased to MOP 7,034,000 from MOP 10,329,000, reflecting a decline of 32.2% year-over-year[3] - Operating loss improved to MOP 18,074,000 from MOP 27,222,000, a reduction of 33.5% compared to the previous year[3] - The company reported a net loss attributable to owners of MOP 17,691,000, an improvement from a loss of MOP 34,123,000 in 2023[3] - Basic and diluted loss per share improved to MOP 1.61 from MOP 3.12, indicating a 48.7% reduction in loss per share[3] - The group recorded a pre-tax loss of MOP 22,040,000 for 2024, compared to a loss of MOP 33,429,000 in 2023, showing an improvement of approximately 34%[18] - The total comprehensive loss for the year ended December 31, 2024, was approximately 17.7 million Macanese Patacas, a decrease from 34.1 million Macanese Patacas in the previous year[43] - Basic loss per share for the year ended December 31, 2024, was approximately 1.61 Macanese Patacas, compared to 3.12 Macanese Patacas in the previous year[44] Assets and Liabilities - Total assets decreased to MOP 443,006,000 from MOP 467,754,000, a decline of 5.3% year-over-year[4] - Total liabilities decreased to MOP 282,227,000 from MOP 289,284,000, a reduction of 2.5% compared to the previous year[5] - Cash and cash equivalents increased to MOP 28,701,000 from MOP 18,952,000, representing a growth of 51.5% year-over-year[4] - The company’s non-current assets increased to MOP 125,895,000 from MOP 95,210,000, a growth of 32.3% year-over-year[4] - Trade receivables increased to 71,371 thousand MOP in 2024 from 69,906 thousand MOP in 2023, with a notable increase in receivables within 30 days, rising to 60,085 thousand MOP from 44,441 thousand MOP[27] - Trade payables decreased to 106,382 thousand MOP in 2024 from 116,450 thousand MOP in 2023, showing a 9% reduction in trade payables[28] - Bank borrowings rose significantly to 106,371 thousand MOP in 2024 from 73,212 thousand MOP in 2023, representing a 45% increase[29] - The effective interest rate on bank borrowings decreased to 4.06% in 2024 from 4.38% in 2023, indicating a slight improvement in borrowing costs[29] Operational Highlights - The company secured 29 construction and fitting-out service projects with a total contract value of 650.8 million MOP as of December 31, 2024[35] - As of December 31, 2024, the company had a backlog of 21 construction and fitting-out service projects with a total outstanding contract value of 763.8 million MOP[35] - The company completed 39 construction and fitting-out service projects during the fiscal year ending December 31, 2024[35] - The group expects to continue focusing on construction and fitting services as its primary operational segment moving forward[16] Expenses and Costs - Administrative expenses rose to MOP 30,985,000 from MOP 29,797,000, an increase of 4.0% compared to the previous year[3] - The cost of materials and subcontractors increased to MOP 420,675,000 in 2024 from MOP 403,547,000 in 2023, marking a rise of about 4.2%[19] - Financing costs decreased to MOP 3,966,000 in 2024 from MOP 6,182,000 in 2023, a reduction of about 35.5%[21] - Total employee costs for the year ended December 31, 2024, were approximately 151.9 million MOP, an increase from about 111.1 million MOP in 2023[57] Financial Management and Governance - The board believes that the company will have sufficient operating funds to meet its financial obligations due within the next twelve months, considering expected cash flows and potential additional financing[10] - The company plans to implement cost control measures and accelerate the collection of trade receivables to generate sufficient operating cash inflows[9] - The company has adhered to the corporate governance code and has no significant deviations from the required standards[64] - The audit committee, consisting of three independent non-executive directors, has reviewed the financial statements and accounting policies for the year ending December 31, 2024[68] Future Outlook - The group anticipates increased activity in the Macau construction market driven by the recovery of the gaming and tourism industries, which is expected to enhance market share in both public and private sectors[58] - The group is committed to cost control and operational efficiency to ensure financial performance amidst potential challenges such as rising material costs due to tariffs[58] - The company plans to explore new market opportunities, including the Bay Area, to diversify its business portfolio[58] - The group remains optimistic about future prospects despite economic uncertainties and aims to create value for its stakeholders[59]

2024 建 鵬 控 股 有 限 公 司 Kin Pang Holdings Limited (incorporated in the Cayman Islands with limited liability) （ 於開曼群島註冊成立的有限公司) Stock code 股份代號: 1722 INTERIM REPORT 中期報告 CONTENTS 目錄 2 Corporate Information 公司資料 5 Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 未經審核簡明綜合損益及其他全面收益表 6 Unaudited Condensed Consolidated Statement of Financial Position 未經審核簡明綜合財務狀況表 8 Unaudited Condensed Consolidated Statement of Changes in Equity 未經審核簡明綜合權益變動表 9 Unaudited Condensed Consolid ...

Revenue and Profitability - Revenue for the six months ended June 30, 2024, was MOP 338,279 thousand, representing a 58.8% increase from MOP 212,986 thousand in the same period of 2023[2] - Gross profit decreased to MOP 4,524 thousand, down 47.7% from MOP 8,646 thousand year-on-year[2] - Operating loss for the period was MOP 9,458 thousand, compared to a loss of MOP 3,170 thousand in the previous year, indicating a significant increase in losses[2] - Loss attributable to owners of the company was MOP 11,248 thousand, up 66.5% from MOP 6,772 thousand in the same period last year[2] - Basic and diluted loss per share was MOP 1.02, compared to MOP 0.63 in the previous year[2] - The group reported a loss before tax of MOP 11,265,000 for the six months ended June 30, 2024, compared to a loss of MOP 6,140,000 in the same period of 2023[11] - The group reported a total comprehensive loss of approximately 11.3 million Macau Patacas for the six months ended June 30, 2024, compared to a total comprehensive loss of about 6.8 million Macau Patacas for the same period in 2023[45] - Basic loss per share was approximately 1.02 Macau cents, compared to about 0.63 Macau cents for the same period in 2023[46] Assets and Liabilities - Total assets as of June 30, 2024, were MOP 416,620 thousand, down from MOP 467,754 thousand as of December 31, 2023[3] - Total liabilities decreased to MOP 247,398 thousand from MOP 289,284 thousand at the end of 2023, reflecting a reduction in financial obligations[4] - Trade receivables were MOP 58,081 thousand, down from MOP 69,145 thousand year-on-year, indicating a decline in receivables[3] - Cash and cash equivalents increased to MOP 28,465 thousand from MOP 18,952 thousand at the end of 2023, showing improved liquidity[3] - As of June 30, 2024, trade payables amounted to MOP 93,364,000, a decrease of 19.8% from MOP 116,450,000 as of December 31, 2023[31] - Retention money payable increased to MOP 33,399,000 as of June 30, 2024, compared to MOP 30,320,000 as of December 31, 2023, reflecting a growth of 3.6%[31] - The aging analysis of trade payables shows that amounts due within 30 days decreased to MOP 61,104,000 from MOP 89,447,000, a decline of 31.7%[32] - The actual annual interest rate on bank borrowings as of June 30, 2024, was 4.25%, down from 4.38% as of December 31, 2023[34] - Total bank borrowings were approximately MOP 4,210,000 as of June 30, 2024, compared to MOP 13,637,000 as of December 31, 2023, indicating a significant reduction[35] - The debt-to-asset ratio increased from approximately 41.0% as of December 31, 2023, to approximately 53.8% as of June 30, 2024, primarily due to increased bank borrowings[50] Expenses and Costs - Total expenses increased significantly to MOP 349,955,000 from MOP 217,511,000, representing a rise of 60.8%[20] - The group incurred administrative expenses and financing costs totaling MOP 1,340,000 for the six months ended June 30, 2024[11] - Employee benefit costs rose to MOP 79,724,000 from MOP 50,106,000, an increase of 58.9%[20] - Financing costs decreased to MOP 1,807,000 from MOP 2,970,000, a reduction of 39%[21] - Other income decreased by approximately 162,000 Macau Patacas or 10.8% to about 1,340,000 Macau Patacas due to a reduction in interest income[40] - Administrative expenses increased by approximately 3.0 million Macau Patacas or 22.7% to about 16.2 million Macau Patacas, primarily due to rising employee costs and establishment expenses for joint ventures[42] Revenue Segmentation - For the six months ended June 30, 2024, the group reported segment revenue of MOP 338,279,000, compared to MOP 212,986,000 for the same period in 2023, representing a growth of 58.8%[15] - Revenue from external customers in Macau increased to MOP 306,075,000 for the six months ended June 30, 2024, compared to MOP 190,063,000 in 2023, reflecting a growth of 60.9%[15] - The group’s total revenue from contracts with external customers for construction and ancillary services was MOP 338,279,000 for the six months ended June 30, 2024, compared to MOP 212,986,000 in 2023, marking an increase of 58.8%[17] - The segment profit for the six months ended June 30, 2024, was MOP 5,402,000, down from MOP 8,499,000 in the same period of 2023, indicating a decline of 36.8%[11] Corporate Governance and Compliance - The company has complied with all applicable corporate governance codes as of June 30, 2024, except for the separation of the roles of Chairman and CEO, which are currently held by the same individual[68] - The audit committee, consisting of three independent non-executive directors, has reviewed the accounting principles and the unaudited interim financial statements for the six months ending June 30, 2024[70] - The interim results announcement is available on the Hong Kong Stock Exchange website and the company's website, with the interim report to be sent to shareholders in due course[71] Future Outlook and Strategy - The company anticipates increased construction activities in the latter half of 2024, aiming to secure more projects and strengthen its market position[60] - The company plans to maintain strict cost control measures to mitigate risks associated with anticipated inflation and competitive pressures in the construction market[61] Shareholder Returns - The company did not declare any interim dividend for the six months ended June 30, 2024, consistent with the previous year[23] - The board does not recommend the payment of an interim dividend for the six months ended June 30, 2024, compared to no dividend for the same period in 2023[62] Investments and Acquisitions - The company has not purchased, sold, or redeemed any of its listed securities as of June 30, 2024[63] - Subsequent to the reporting period, the company issued a purchase order for a hydraulic oscillator at a cost of approximately 524,810 Euros (about 4,524,000 MOP), which was later terminated[64] - A second purchase order for a hydraulic oscillator was issued at a cost of approximately 776,377 Euros (about 6,751,000 MOP)[64] - The company also issued a purchase order for a rotary control device accessory at a cost of approximately 7,159,485 HKD (about 7,374,000 MOP)[64] - The company acquired a new MC96 crawler foundation crane for approximately €1,620,000, equivalent to about MOP 14,087,000[65] Risk Management - The group does not currently have a foreign currency hedging policy but monitors foreign exchange risks[54] - The group faces interest rate risks primarily from bank deposits and borrowings, with no financial derivatives used to hedge these risks[55] - Credit risk is mainly derived from trade receivables and bank balances, with the highest credit risk stemming from counterparties failing to fulfill their obligations[56] - As of June 30, 2024, the group faced concentrated credit risk, with trade receivables from the largest customer accounting for approximately 26.4% and from the top five customers accounting for about 83.9%[57]

Financial Performance - The Group's revenue decreased by approximately 2.7% from approximately MOP598.8 million in 2022 to approximately MOP582.9 million in 2023[22]. - The Group recorded a loss for the year of approximately MOP34.1 million[22]. - The Group's revenue decreased by approximately MOP 15.9 million or 2.7% to approximately MOP 582.9 million for the year ended 31 December 2023, compared to MOP 598.8 million for the year ended 31 December 2022[40]. - The Group recorded a gross profit of approximately MOP 10.3 million for the year ended 31 December 2023, a decrease of approximately MOP 13.4 million or 56.5% from approximately MOP 23.8 million for the year ended 31 December 2022[43]. - The gross profit margin decreased to approximately 1.8% for the year ended 31 December 2023, down from approximately 4.0% for the year ended 31 December 2022[43]. - The Group's loss for the year was approximately MOP34.1 million for the year ended 31 December 2023, compared to a loss of approximately MOP11.6 million for the year ended 31 December 2022, primarily due to a decrease in gross profit margin and increased construction costs[56]. - The Group's other income, gain and loss recorded a loss of approximately MOP1,096,000 for the year ended 31 December 2023, compared to a gain of approximately MOP3,320,000 for the year ended 31 December 2022, mainly due to a loss of approximately MOP4,470,000 from a suspected fraud case[47]. - Impairment losses under the expected credit loss model were approximately MOP6.7 million for the year ended 31 December 2023, compared to approximately MOP0.9 million for the year ended 31 December 2022[48]. - The Group's total comprehensive loss was approximately MOP34.1 million for the year ended 31 December 2023, compared to approximately MOP11.7 million for the year ended 31 December 2022[58]. - The basic loss per share for the year ended 31 December 2023 was approximately MOP3.12 cents, compared to MOP1.16 cents for 2022[59]. Project Development - The Group completed 20 building and ancillary services projects and was awarded 39 new projects[22]. - The Group completed 20 building and ancillary services projects during the year ended 31 December 2023, with a backlog of 31 projects totaling an outstanding contract sum of MOP 722.1 million[37]. - The Group was awarded 39 building and ancillary services projects with an aggregate contract sum of MOP 727.7 million during the year ended 31 December 2023[37]. - The Group aims to capitalize on opportunities in the expanding private sector market in Macau, driven by the recovery of the gaming and tourism industry[28]. - The Group plans to strengthen its presence in the public sector market in Macau and pursue business opportunities in Hong Kong[133]. Cost Management - High construction costs remain a major challenge, necessitating strict cost control measures[25]. - Cost control remains the Group's top priority to improve financial performance and ensure ongoing financial stability[29]. - The Group is committed to improving financial performance through cost control and will adjust strategies based on market conditions to ensure financial stability[134]. - Cost control remains the group's top priority to improve financial performance and ensure ongoing stability and success[138]. Market Outlook - The Group holds an optimistic outlook for the overall construction market in Macau in the future[24]. - The easing of travel restrictions post-pandemic has led to a recovery in the tourism and casino industries in Macau[24]. - The Group anticipates an increase in Macau's construction market activities driven by the recovery of the gaming and tourism industry, aiming to capitalize on opportunities in the expanding private sector market[133]. - The construction industry's growth in Macau and Hong Kong is contingent on the availability of major projects, influenced by government spending, property developer investments, and economic conditions, with recent anti-corruption measures in China affecting the gaming industry and, consequently, construction demand[73][74]. Corporate Governance - The Group is committed to high standards of corporate governance, believing it essential for safeguarding shareholder interests and enhancing corporate value[177]. - The Company has complied with all applicable code provisions of the Corporate Governance Code for the year ended December 31, 2023, except for a deviation from code provision C.2.1[178]. - The roles of chairman and chief executive officer are currently held by the same individual, Mr. Kong Kin I, which the Board believes ensures consistent leadership and effective strategic planning[179]. - The Group's strategy aims to enhance long-term values and interests for shareholders and stakeholders through effective governance practices[185]. - The Board consists of five Directors, including Mr. Kong Kin I as chairman and CEO, and Ms. Choi Fong Lan as executive Directors[188]. Human Resources - The Group's total staff costs from operations, including Director's emoluments, were approximately MOP111.1 million for the year ended 31 December 2023, up from MOP93.5 million in 2022[117]. - The Group had 598 full-time employees as of 31 December 2023, an increase from 538 in 2022[113]. - The management team has not faced significant labor disputes or recruitment challenges, maintaining a stable workforce and providing various training programs for employees[80]. Environmental and Compliance - The Group has implemented an environmental management system compliant with ISO 14001:2015 to promote environmental awareness and prevent pollution from its projects[84]. - The Group has obtained all necessary registrations and certifications for its operations in Macau and Hong Kong, ensuring compliance with applicable laws and regulations[85]. Financial Position - As of December 31, 2023, the Group's bank borrowings amounted to approximately MOP73.2 million, a decrease of 42.6% from MOP127.7 million in 2022[87]. - The Group's current ratio decreased to 1.3 times as of December 31, 2023, compared to 1.4 times as of December 31, 2022[88]. - The gearing ratio improved from 63.5% as of December 31, 2022, to 41.0% as of December 31, 2023, indicating a greater decrease in debts than in total equity[93]. - The breach of loan covenants in bank borrowing amounts was approximately MOP44.1 million in 2023, slightly up from MOP42.4 million in 2022[87]. Strategic Initiatives - The Group plans to diversify its business portfolio by exploring opportunities in new markets, including the Greater Bay Area[28]. - The Group's business development strategy includes prioritizing quality project delivery and maintaining its industry reputation[30]. - The Group is increasingly conscious of ESG initiatives and supports the global transition to a low-carbon and sustainable future[185].

Financial Performance - The company reported total revenue of MOP 5,582,928, a decrease of 2.0% compared to MOP 598,823 in the previous year[4]. - Gross profit was MOP 10,329, down 56.5% from MOP 23,753 in the previous year[4]. - The company incurred a net loss attributable to owners of MOP 34,123, compared to a loss of MOP 11,641 in the previous year, representing an increase in loss of 193.5%[4][6]. - The group reported a loss before tax of MOP 33,429,000 for 2023, compared to a loss of MOP 9,598,000 in 2022, indicating a significant increase in losses[27]. - The group reported a net loss of approximately 34.1 million MOP for the year ended December 31, 2023, compared to a net loss of about 11.6 million MOP in the previous year[56]. - Total comprehensive loss for the year ended December 31, 2023, was approximately 34.1 million MOP, compared to about 11.7 million MOP in the previous year[58]. - Basic loss per share for 2023 was MOP 3.12, compared to MOP 1.16 in 2022, indicating a worsening of the loss per share[34]. Assets and Liabilities - Total assets decreased to MOP 467,754 from MOP 535,492, a decline of 12.6%[8]. - Total liabilities decreased to MOP 289,284 from MOP 334,229, a reduction of 13.4%[10]. - The company’s equity attributable to owners decreased to MOP 178,470 from MOP 201,263, a decline of 11.3%[8]. - Total bank borrowings decreased to MOP 73,212,000 in 2023 from MOP 127,743,000 in 2022, a reduction of approximately 42.7%[43]. - The debt-to-equity ratio decreased from 63.5% on December 31, 2022, to 41.0% on December 31, 2023, due to a larger reduction in debt compared to total equity[65]. Trade Receivables and Payables - The company reported a significant increase in trade receivables, rising to MOP 69,145 from MOP 32,204, an increase of 114.5%[8]. - Trade receivables increased significantly to MOP 69,906,000 in 2023 from MOP 32,947,000 in 2022, reflecting a growth of 112%[36]. - The aging analysis of trade receivables shows that MOP 44,441,000 (63.6%) are within 30 days, compared to MOP 13,329,000 (40.4%) in 2022[36]. - Trade payables decreased to MOP 116,450,000 in 2023 from MOP 125,353,000 in 2022, indicating a decline of approximately 7.1%[38]. Financing Costs - The company’s financing costs increased to MOP 6,182 from MOP 5,162, an increase of 19.7%[4]. - Financing costs increased to MOP 6,182,000 in 2023 from MOP 5,162,000 in 2022, reflecting a rise of approximately 19.7%[30]. - The group’s financing costs included MOP 5,588,000 in interest expenses on bank loans for 2023, an increase from MOP 4,770,000 in 2022[30]. Impairment Losses - The company reported a significant impairment loss of MOP 6,658, compared to MOP 903 in the previous year[4]. - The company reported a significant impairment loss of MOP 4,470,000 related to a failed machinery purchase due to suspected fraud[29]. - Expected credit loss under the expected credit loss model was approximately 6.7 million MOP for the year ended December 31, 2023, up from about 0.9 million MOP in the previous year[52]. Administrative Expenses - The total administrative expenses for 2023 were MOP 29,797,000, slightly lower than MOP 30,577,000 in 2022[28]. - Administrative expenses decreased by approximately 780,000 MOP or 2.6% to about 29,797,000 MOP for the year ended December 31, 2023[53]. Cash Flow and Financing - As of December 31, 2023, the group had available committed bank financing of approximately 31,923,000 Macanese Patacas, and subsequently withdrew 7,120,000 Macanese Patacas by March 27, 2024[16]. - The group will continue to implement cost control measures and accelerate the collection of trade receivables to generate sufficient operating cash flow[17]. - The directors believe that the group will have sufficient operating funds to meet its financial obligations due within the next twelve months from December 31, 2023[17]. Market and Business Strategy - The company aims to capitalize on opportunities in the expanding private market and strengthen its influence in the public market in Macau[77]. - The company plans to explore new market opportunities, including the Greater Bay Area, to achieve business diversification[77]. - Cost control remains a top priority for the company to improve financial performance and ensure ongoing stability and success[79]. Employee and Management - As of December 31, 2023, the total number of full-time employees increased to 598 from 538 in 2022[76]. - The total employee cost, including director remuneration, was approximately 111.1 million MOP for the year ending December 31, 2023, compared to 93.5 million MOP in 2022, representing a year-over-year increase of about 18.1%[76]. Corporate Governance - The audit committee was established on November 24, 2017, consisting of three independent non-executive directors[89]. - The group's financial statements for the year ending December 31, 2023, were reviewed and confirmed by the auditor, KPMG[91]. - The annual performance announcement will be published on the company's website and the Hong Kong Stock Exchange website[92]. Dividends and Shareholder Returns - The company did not declare or pay any dividends for the year ended December 31, 2023, consistent with 2022[32]. - The board of directors does not recommend the payment of a final dividend for the year ending December 31, 2023, compared to no dividend in 2022[80].