6月16日，截至港股收盘，恒生指数上涨0.7%，报24060.99点。荣尊国际控股（01780.HK）收报1.0港 元/股，上涨13.64%，成交量2500股，成交额2500港元，振幅0.0%。 最近一个月来，荣尊国际控股累计跌幅12%，今年来累计跌幅16.19%，跑输恒生指数19.11%的涨幅。 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，建筑行业市盈率（TTM）平均值为9.2倍，行业中值1.54倍。荣尊国际控股市盈率105.51 倍，行业排名第105位；其他饮食天王(环球)（08619.HK）为0.15倍、浦江国际（02060.HK）为1.01 倍、饮食天王(环球)（08561.HK）为1.35倍、进升集团控股（01581.HK）为1.51倍、靛蓝星 （08373.HK）为1.58倍。 财务数据显示，截至2024年9月30日，荣尊国际控股实现营业总收入3908.18万元，同比减少59.89%；归 母净利润-946.07万元，同比增长58.01%；毛利率-9.02%，资产负债率16.5%。 大事提醒 资料显示，荣尊国际控股集团有限公司透过三间于香港注册成立为有限公司的主要营运附属公司嘉 ...

行业估值方面，建筑行业市盈率（TTM）平均值为10.22倍，行业中值1.53倍。荣尊国际控股市盈率 119.9倍，行业排名第104位；其他浦江国际（02060.HK）为1.01倍、饮食天王(环球)（08619.HK）为 1.44倍、进升集团控股（01581.HK）为1.51倍、中国管业（00380.HK）为1.53倍、靛蓝星（08373.HK） 为1.58倍。 资料显示，荣尊国际控股集团有限公司透过三间于香港注册成立为有限公司的主要营运附属公司嘉顺土 木工程有限公司、嘉顺承造有限公司及嘉建建筑有限公司经营业务。公司为于香港从事改建及加建工程 及土木工程的专业承建商。改建及加建工程一般包括新的结构工程、装修工程、变更设施配置、在现有 楼宇上进行新扩建、将现有楼宇改建成不同类型、装配、改装、拆除或安装硬件及设备;搭建、搬移或 拆除隔板和门窗;更换装饰和地板材料类型;而土木工程一般包括地盘平整工程(即为开展地基工程进行的 地盘清理及地盘平整)及地基工程(即为其上建造的建筑结构提供地基或结构基底而进行的下层结构工 程)。此外,公司承接有关环境管理工程项目的一般土木工程。为专注不同建筑工程领域的规格要求,在主 要营运附 ...

Financial Performance - For the six months ended September 30, 2024, the company's direct costs decreased from approximately HKD 127.3 million to approximately HKD 47.2 million, a reduction of about 62.9%[25]. - The gross loss for the six months ended September 30, 2024, was approximately HKD 3.9 million, compared to HKD 19.2 million for the same period in 2023, representing a decrease of about 79.7%[26]. - Revenue decreased from approximately HKD 108.1 million for the six months ended September 30, 2023, to approximately HKD 43.3 million for the six months ended September 30, 2024, representing a decline of about 59.9%[39]. - The pre-tax loss decreased from approximately HKD 25.0 million for the six months ended September 30, 2023, to approximately HKD 10.5 million for the six months ended September 30, 2024, primarily due to the reduction in gross loss[65]. - The group reported a total comprehensive loss for the six months ended September 30, 2024, of HKD 10.49 million, compared to HKD 24.99 million for the same period in 2023, showing a reduction of approximately 58%[82]. - The company reported a pre-tax loss of HKD 24,986,000 for the six months ended September 30, 2024[101]. - The company reported a pre-tax loss of HKD 11,923,000 for the six months ended September 30, 2024, compared to HKD 12,448,000 for the same period in the previous year[150]. Cash Flow and Assets - The total cash and cash equivalents amounted to approximately HKD 48.2 million as of September 30, 2024, down from approximately HKD 123.9 million as of March 31, 2024[67]. - Current assets decreased from HKD 231,750,000 as of March 31, 2024, to HKD 197,252,000 as of September 30, 2024[106]. - Cash and cash equivalents dropped significantly from HKD 123,949,000 to HKD 48,159,000 during the same period[106]. - Trade and other receivables decreased from HKD 30,546,000 to HKD 16,187,000[106]. - As of September 30, 2024, trade receivables amounted to HKD 4,411,000, a decrease from HKD 25,852,000 as of March 31, 2024[138]. - The company's contract assets were valued at approximately HKD 41,507,000 as of September 30, 2024, down from HKD 53,056,000 as of March 31, 2024[164]. Expenses and Liabilities - Administrative expenses were approximately HKD 6.7 million for the six months ended September 30, 2023, compared to approximately HKD 7.9 million for the six months ended September 30, 2024, indicating a slight increase[41]. - Administrative expenses increased to HKD 7.97 million for the six months ended September 30, 2024, from HKD 6.71 million in the same period of 2023, reflecting an increase of approximately 19%[80]. - The company’s total liabilities included a credit loss provision of HKD 20,685,000 as of September 30, 2024, compared to HKD 22,378,000 as of March 31, 2024[142]. - The aging analysis of accounts payable shows that HKD 5,874 is overdue by more than 90 days, down from HKD 16,601 as of March 31, 2024[169]. Employee and Operational Metrics - Total employee costs for the six months ended September 30, 2024, were approximately HKD 11.9 million, a decrease from HKD 12.4 million for the same period in 2023, reflecting a reduction of about 4%[72]. - The group employed 40 full-time employees as of September 30, 2024, down from 52 full-time employees as of September 30, 2023, representing a reduction of approximately 23%[72]. - The company’s employee costs, including directors' remuneration, were HKD 11,923,000 for the six months ended September 30, 2024, compared to HKD 12,448,000 for the same period last year[150]. Corporate Governance and Future Outlook - The company remains cautiously optimistic about the prospects of the Hong Kong construction industry and aims to expand its business network and diversify its customer base[24]. - The company is committed to high standards of corporate governance to safeguard shareholder interests and enhance corporate value[7]. - The company has adopted the corporate governance code as its own code of conduct for securities trading by directors[183]. - The company plans to focus on securing more large-scale projects through effective cost control measures and long-term relationships with key clients, suppliers, and subcontractors[24]. Share Capital and Dividends - As of September 30, 2024, the company had issued share capital of HKD 6.2 million and a total of 620,000,000 ordinary shares with a par value of HKD 0.01 each[28]. - The company did not declare any interim dividends for the six months ended September 30, 2024, consistent with the previous year[73]. - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2024[152]. - The weighted average number of ordinary shares used to calculate basic loss per share remained at 620,000 shares[130]. Market and Competitive Environment - The group faced challenges due to increased competition in civil engineering and a decrease in the number of contracts available for bidding in renovation and expansion projects[37]. - The group continues to rely on internal financial resources to meet its working capital and capital requirements[43]. Investments and Acquisitions - The company acquired a 5% stake in a private company registered in the British Virgin Islands for a total consideration of HKD 13,000,000, which was completed on January 31, 2024[132]. - The company extended the put option expiration date to December 31, 2025, allowing the buyer to sell back the shares at the original price if certain conditions are not met[134].

Financial Performance - The group's revenue for the six months ended September 30, 2024, was approximately HKD 43.3 million, a decrease of 59.9% compared to HKD 108.1 million for the same period in 2023[2] - The gross loss margin for the six months ended September 30, 2024, was approximately 9.0%, improved from 17.8% for the same period in 2023[2] - The group's loss before tax for the six months ended September 30, 2024, was approximately HKD 10.5 million, a reduction of 57.9% compared to HKD 25.0 million for the same period in 2023[2] - The basic loss per share for the six months ended September 30, 2024, was approximately HKD 1.69, down from HKD 4.03 for the same period in 2023[2] - Total revenue for the six months ended September 30, 2024, was HKD 43,338,000, down 59.9% from HKD 108,056,000 for the same period in 2023[19] - The company reported a loss before tax of HKD 10,491,000 for the six months ended September 30, 2024, compared to a loss of HKD 24,986,000 for the same period in 2023[36] - Gross loss for the six months ended September 30, 2024, was approximately HKD 3.9 million, compared to HKD 19.2 million for the six months ended September 30, 2023, a reduction of about 79.7%[58] - Pre-tax loss decreased from approximately HKD 25.0 million for the six months ended September 30, 2023, to approximately HKD 10.5 million for the six months ended September 30, 2024[62] - Total loss attributable to the company's owners decreased from approximately HKD 25.0 million for the six months ended September 30, 2023, to approximately HKD 10.5 million for the six months ended September 30, 2024[63] Revenue Breakdown - Revenue from renovation and addition engineering services for the six months ended September 30, 2024, was HKD 28,896,000, a decrease of 49.2% compared to HKD 56,844,000 for the same period in 2023[19] - Revenue from civil engineering services for the six months ended September 30, 2024, was HKD 14,442,000, a decrease of 71.8% compared to HKD 51,212,000 for the same period in 2023[19] Dividend and Shareholder Information - The board did not recommend the payment of an interim dividend for the six months ended September 30, 2024, consistent with the previous year[2] - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2024, and 2023[34] - As of September 30, 2024, Dr. Kaneko holds 465,000,000 shares, representing 75% ownership in the company through Kyosei Technology Inc.[76] - Kyosei Technology Inc. is controlled by Mr. Yanase and Dr. Kaneko, who own 65.45% and 28.05% of the company, respectively, both holding 465,000,000 shares[79] Assets and Liabilities - Total assets as of September 30, 2024, were HKD 197.3 million, compared to HKD 231.8 million as of March 31, 2024[8] - Current liabilities as of September 30, 2024, were HKD 34.9 million, a decrease from HKD 61.8 million as of March 31, 2024[9] - The net asset value as of September 30, 2024, was HKD 176.6 million, down from HKD 187.1 million as of March 31, 2024[9] - Trade receivables as of September 30, 2024, amounted to HKD 4,441,000, a decrease from HKD 26,285,000 as of March 31, 2024[41] - Trade payables as of September 30, 2024, were HKD 15,666,000, down from HKD 38,527,000 as of March 31, 2024[47] Expenses - The group’s administrative expenses for the six months ended September 30, 2024, were approximately HKD 7.97 million, an increase from HKD 6.71 million for the same period in 2023[4] - Employee costs, including directors' remuneration, amounted to HKD 11,923,000 for the six months ended September 30, 2024, compared to HKD 12,448,000 for the same period in 2023[31] - Total employee costs for the six months ended September 30, 2024, were approximately HKD 11.9 million, compared to HKD 12.4 million for the corresponding six months ended September 30, 2023, reflecting a decrease of about 4.0%[72] Compliance and Governance - The company has adopted the corporate governance code and has complied with all relevant provisions as of September 30, 2024[81] - The roles of the chairman and CEO were held by Dr. Kaneko until September 24, 2024, with measures in place to ensure a balance of power within the board[83] - The company confirmed compliance with the standards of the securities trading code as of September 30, 2024[84] - The audit committee, consisting of three independent non-executive directors, has reviewed and approved the interim financial results for the six months ended September 30, 2024[96] Future Outlook - The company remains cautiously optimistic about the prospects of the Hong Kong construction industry, focusing on expanding its business network and diversifying its customer base[54] Share Options - The company has adopted a share option plan to incentivize selected participants for their contributions to the group's long-term development and profitability[85] - The maximum number of shares that may be issued upon the exercise of all unexercised share options granted under the plan shall not exceed 10% of the company's issued ordinary share capital[87] - Any grant of share options to major shareholders or independent non-executive directors exceeding 0.1% of the company's ordinary shares or valued over HKD 5,000,000 requires prior approval at a shareholders' meeting[87] - The share options granted must be accepted within seven days from the offer date, with a payment of HKD 1 per option for acceptance[88] Other Information - The company has not purchased, sold, or redeemed any of its listed securities as of September 30, 2024[89] - The company has maintained the minimum public float required under the listing rules as of the announcement date[93] - There have been no changes in the board of directors except for the resignation of an executive director and the appointment of a new chairman and non-executive director[94] - The company has established a non-competition agreement with former controlling shareholders to avoid any potential competition[91] - The interim financial report for the six months ended September 30, 2024, will be sent to shareholders and made available on the company's website[97]

風險管理 榮尊國際控股集團有限公司 / 年報 2024 50 社 會 – 僱傭及勞工常規 本 集 團 視 僱 員 為 業 務 之 珍 貴 資 產，與 僱 員 維 持 良 好 關 係 至 關 重 要。為 此，本 集 團 不 斷 檢 討 其 人 力 資 源（「人力資源」）管 理 系 統，以 確 保 為 其 僱 員 提 供 公 平 及 安 全 的 工 作 環 境。 為確保僱員了解本集團的僱傭條款及人力資源政策，本集團根據香港適用的勞工法與個別僱員單 獨 簽 訂 的 勞 工 合 約，當 中 規 定（其 中 包 括）工 作 時 間、休 假 權 利、薪 金 及 其 他 福 利 及 待 遇。此 外，員 工手冊亦規定僱員須遵守的內部規則，亦載有可能導致解僱的不當行為清單。 於 二 零 二 四 年 三 月 三 十 一 日，本 集 團 僱 用49名（二 零 二 三 年：49名）全 職 僱 員，流 失 率 為67%（二零 二三年：26%）。於報告期間，共有34名（二零二三年：14名）僱員離開本集團，當中65%（二零二三年： 79%）為 初 級 員 工。 於二零二四年三月三十一日，本集團手頭上有6份合約（包括在建工程合約及尚未展開工 ...

4. 分部資料 – 7 – 7. 倘該研發公司未能於收購日期起10個 月 內（「認沽期權到期日」）取 得 指 定 牌 照，賣 方 亦 在 股 權轉讓協議中保證買方有權可按原代價13百 萬 港 元 將 票 據 售 回 予 賣 方（「認沽期權」）。於 二 零二四年三月二十日，賣方與買方訂立補充協議，進一步將認沽期權到期日延長至二零二 五年十二月三十一日。認沽期權為獨立於指定為按公平值計入其他全面收益的股本工具的 另 一 項 工 具，並 作 為 按 公 平 值 計 入 損 益 的 衍 生 金 融 工 具 入 賬。本 公 司 董 事 認 為，衍 生 金 融 工具於收購日期及於二零二四年三月三十一日的公平值並不重大，因為預期不會觸發認沽 期權功能。 | --- | --- | --- | --- | |---------------|---------|--------------|--------------| | | | 於 | 於 | | | | 二零二四年 | 二零二三年 | | | 附 註 | 三月三十一日 | 三月三十一日 | | 流動比率 | 1 | 3.7 倍 | 3.4 倍 | | 總資產回報率 | ...

Financial Performance - The company reported a pre-tax loss of HKD 12,448,000 for the six months ended September 30, 2023, compared to HKD 11,813,000 for the same period in 2022, indicating an increase of approximately 5.4% in losses year-over-year[9]. - The pre-tax profit decreased from approximately HKD 8.8 million to a loss of about HKD 25.0 million, primarily due to the reduction in gross profit[29]. - The group reported a pre-tax loss of HKD 24,986,000 for the six months ended September 30, 2023, compared to a profit of HKD 8,820,000 in the same period of the previous year[50]. - The group reported a total comprehensive income of HKD 8,820,000 for the six months ended September 30, 2023[60]. Revenue and Costs - Revenue increased from approximately HKD 98.1 million for the six months ended September 30, 2022, to approximately HKD 108.1 million for the six months ended September 30, 2023, representing a growth of about 10.1%[20]. - Direct costs rose from approximately HKD 85.4 million to approximately HKD 127.3 million, an increase of about 49.1%, primarily due to unexpected complexities in projects and additional subcontracting costs[21]. - The group incurred a gross loss of HKD 19,219,000 for the six months ended September 30, 2023, compared to a gross profit of HKD 12,776,000 in the previous year[50]. - The gross profit margin for the renovation and extension engineering segment decreased from approximately 13.4% to about 4.3%[23]. - The gross profit margin for the civil engineering segment decreased from a profit of approximately 14.7% to a loss of about 43.2%[26]. - Administrative expenses increased from approximately HKD 6.0 million to approximately HKD 6.7 million, mainly due to higher remuneration expenses[28]. Employee Costs - Employee costs, including director remuneration, amounted to HKD 12,448,000, which is an increase of 5.4% from HKD 11,813,000 in the previous year[9]. - Total employee costs for the six months ended September 30, 2023, amounted to approximately HKD 12,400,000, an increase from HKD 11,800,000 for the same period in 2022, reflecting a growth of about 5.08%[44]. - The group’s short-term benefits for key management personnel increased to HKD 2,981,000 for the six months ended September 30, 2023, compared to HKD 2,652,000 for the same period last year, representing a growth of about 12%[108]. Assets and Liabilities - As of September 30, 2023, the group had cash and cash equivalents totaling approximately HKD 130.6 million[36]. - The net asset value decreased to HKD 171,434,000 as of September 30, 2023, from HKD 196,420,000 as of March 31, 2023, indicating a decline of approximately 12.7%[52]. - Trade receivables as of September 30, 2023, were HKD 34,800,000, compared to HKD 18,827,000 as of March 31, 2023, indicating a significant increase in receivables[82]. - Trade payables increased to HKD 55,995,000 as of September 30, 2023, compared to HKD 42,329,000 as of March 31, 2023, reflecting a growth of about 32%[95]. - The aging analysis of trade payables shows that payables aged 1 to 30 days rose significantly to HKD 48,582,000 from HKD 21,621,000, indicating a substantial increase of approximately 125%[96]. Corporate Governance - The company is committed to achieving high standards of corporate governance to protect shareholder interests and enhance corporate value[124]. - The company has adopted the Corporate Governance Code and has complied with its principles and relevant provisions as of September 30, 2023[125]. - The audit committee consists of three independent non-executive directors, ensuring adherence to corporate governance standards[138]. Regulatory Compliance - The company confirmed compliance with the standard code of conduct for securities trading by all directors as of September 30, 2023[126]. - The company has maintained the minimum public float requirement of 25% as of November 17, 2023, after a sale of 2,500 shares[131]. - The company has applied for a temporary exemption from strict compliance with the public float requirements due to a shortfall in public holdings, which was granted until November 24, 2023[130]. Business Operations - The company focuses on renovation, extension works, and civil engineering, with its main operating subsidiaries specializing in these areas[17]. - The company operates primarily through three subsidiaries, focusing on renovation, extension works, and civil engineering services in Hong Kong[65]. - The company has not made any acquisitions of property, plant, and equipment during the reporting period, compared to HKD 307,000 in the same period last year[81]. Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2023, consistent with the previous year[73]. - As of September 30, 2023, Kyosei Technology Inc. holds a beneficial interest of 465,000,000 shares, representing 75% ownership[115]. - The total number of shares available for issuance under the stock option plan is 62,000,000, equivalent to 10% of the company's total issued share capital[122].

235,196 242,148 1. 一般資料 B & D Strategic Holdings Limited （於開曼群島註冊成立的有限責任公司） （股份代號：1780） – 1 – 簡明綜合損益及其他全面收益表 截至二零二三年九月三十日止六個月 | --- | --- | --- | --- | |--------------|-------|---------|---------| | | | | | | 其他應付款項 | 12 | 79,253 | 62,770 | | 合約負債 | | 30 | 8,876 | | 租賃負債 | | 181 | – | | 撥 備 | | 10,124 | – | | 遞延收入 | | 64 | 72 | | | | | | | | | 89,652 | 71,718 | | 流動資產淨值 | | 145,544 | 170,430 | | 資產淨值 | | 171,434 | 196,420 | | 資本及儲備 | | | | | 股 本 | | 6,200 | 6,200 | | 儲 備 | | 165,234 | 190,220 | | 總權益 | | 17 ...

Corporate Governance - The company has received annual independent confirmation from all independent non-executive directors, affirming their independence [2]. - The major shareholders, Mr. Tang and Mr. Lau, each hold 465,000,000 shares, representing 75% ownership [4]. - There were no related party transactions or ongoing related party transactions that required disclosure under the listing rules for the year ended March 31, 2023 [9]. - The company maintains the minimum public float required by listing rules as of March 31, 2023 [21]. - The audit committee has reviewed and approved the audited consolidated financial statements for the year ended March 31, 2023, ensuring compliance with applicable accounting standards and regulations [31]. - The company has adopted a board diversity policy to enhance board efficiency since April 4, 2019 [43]. - As of March 31, 2023, 80.0% of the board members and approximately 76.9% of the total employees are male, indicating a need for improved gender diversity [44]. - The audit committee held three meetings during the fiscal year ending March 31, 2023 [51]. - The company has maintained compliance with the corporate governance code as of March 31, 2023 [63]. - Deloitte Touche Tohmatsu has served as the group's auditor and will be proposed for reappointment at the upcoming annual general meeting [61]. - The company has established a nomination policy to ensure the board possesses the necessary skills, experience, and diversity [45]. - No directors have waived or agreed to waive any remuneration as of March 31, 2023 [57]. - The board is responsible for overseeing all significant matters, including policy formulation and risk management [41]. - The company has established an audit committee in compliance with the listing rules since April 4, 2019 [60]. - The board maintained compliance with listing rules, ensuring at least three independent non-executive directors, all possessing appropriate professional qualifications or expertise in accounting or related financial management [67]. - The company emphasizes the importance of continuous professional development for directors to maintain effective corporate governance and internal control systems [77]. - The board concluded that the group's risk management and internal control systems were effectively implemented [88]. - The audit committee is responsible for reviewing the effectiveness of the company's internal audit activities, internal controls, and risk management systems [79]. - The company has three independent non-executive directors, all of whom are considered independent as of March 31, 2023 [84]. - The company secretary's details are included in the report, ensuring transparency in governance [89]. - The board is responsible for maintaining sufficient resources, employee qualifications, and training programs related to financial reporting functions [88]. Environmental Management - The company has implemented an environmental management system and has been certified to ISO 14001:2015 standards since November 2003 and September 2012 for different operations [19]. - The group has established an integrated management system to minimize and prevent environmental impacts from its operations, products, and services [120]. - The group is committed to continuous improvement in its environmental performance to reduce pollution and environmental impact [120]. - The group has identified 24 key issues for materiality assessment, focusing on operational practices, community investment, and environmental protection [118]. - The board is responsible for the group's environmental, social, and governance (ESG) strategies and reporting [107]. - The company aims to reduce emissions from contract engineering operations by using cleaner fuels and low-emission engines, maintaining emissions at reasonable levels [123]. - The greenhouse gas emission factor for electricity purchased from China Power is 0.3900 kg/kWh, as referenced in the 2022 sustainability report [125]. - In 2023, nitrogen oxide emissions from vehicles were 145,003.87 grams, a decrease from 158,517.58 grams in 2022, representing a reduction of approximately 8.97% [139]. - Sulfur oxide emissions increased slightly to 389.52 grams in 2023 from 365.98 grams in 2022, indicating a rise of about 6.5% [139]. - Particulate matter emissions decreased to 10,334.90 grams in 2023 from 11,903.51 grams in 2022, reflecting a reduction of approximately 13.2% [139]. - The company has prioritized electric and environmentally friendly vehicles over diesel vehicles when purchasing new machinery [123]. - As of March 31, 2023, all 10 regulated machines owned by the company have received exemptions or approvals from the Environmental Protection Department [137]. - Approximately 39% of key issues identified by stakeholders relate to employment and labor practices, while about 22% pertain to operational practices [132]. - The company has not recorded any non-compliance incidents related to environmental issues during the reporting period [135]. - The company is committed to maintaining compliance with various environmental regulations, including the Air Pollution Control Ordinance and Waste Disposal Ordinance [135]. - The group generated approximately 2,300.60 tons of non-hazardous waste during the reporting period, a decrease from 2,380.50 tons in 2022 [141]. - The group aims to reduce energy consumption through on-site monitoring and has implemented measures to encourage employees to turn off unnecessary electrical appliances [143]. - The group reported a total water consumption of 10,487.00 cubic meters for projects, significantly up from 3,008.00 cubic meters in 2022, indicating a density of 5,243.50 cubic meters per project [150]. - Direct emissions from mobile combustion sources amounted to 69.30 tons, an increase from 64.44 tons in the previous year [166]. - The group has obtained a permit from the Environmental Protection Department to discharge industrial wastewater from construction sites in compliance with regulations [144]. - The group has committed to recycling and reusing materials in all new projects to minimize waste generation [141]. - The group utilized energy-efficient appliances and equipment to enhance resource efficiency [145]. - The group has set a goal to maintain reasonable levels of energy consumption while improving construction methods [143]. - The group reported a significant increase in waste sent to public fill reception facilities, from 1,182.90 tons in 2022 to 745.40 tons in the current year [142]. - The group has implemented measures to manage noise pollution during construction activities, including obtaining necessary permits for construction noise [154]. Employee Management and Training - The company employed 52 full-time employees as of March 31, 2023, down from 57 in 2022, with a turnover rate of 26% compared to 19% in the previous year [182]. - The company has established a safety management system certified to OHSAS 18001:2007 standards to ensure a safe working environment for employees and subcontractors [184]. - The company provided various training courses covering safety, emergency procedures, and equipment operation to its employees and subcontractors during the reporting period [187]. - The company is committed to collaborating with suppliers and subcontractors that share similar values and adhere to high ethical standards in business practices [190]. - The company has taken measures to reduce environmental impacts from dust and noise pollution during operations, including the use of water spraying and vehicle cleaning [176]. - The company aims to explore more water-saving measures, such as using high-pressure low-flow nozzles for cleaning [170]. - The company has developed emergency plans to address acute weather events and is closely monitoring weather forecasts to ensure adequate preparation [180]. - The group regularly evaluates suppliers and subcontractors based on price performance, delivery timeliness, order fulfillment, and material quality [191]. Financial Management - The group has recognized deferred tax assets only when there is sufficient taxable profit available to offset the temporary differences, and these assets will be reviewed and reduced if there is no longer sufficient taxable profit to recover them [93]. - Deferred tax assets and liabilities are measured based on the tax rates expected to apply during the period when the assets are realized or the liabilities are settled [93]. - The group assesses the recoverability of deferred tax assets and liabilities based on the expected manner of recovery or settlement at the reporting date [93]. - The group has confirmed that any government grants will be recognized in profit or loss when it is reasonably assured that the conditions attached to the grants will be met [111]. - The company will review its dividend policy periodically and may update it as deemed appropriate and necessary [75]. - The quality management system has been certified to meet ISO 9001 standards, ensuring compliance with customer specifications and requirements [193]. - The group emphasizes the importance of intellectual property protection and adheres strictly to applicable laws and regulations in Hong Kong [198]. - All employees are required to maintain high ethical standards, with a strict prohibition on any form of corruption, bribery, and fraud [200].

B & D Strategic Holdings Limited（「本公司」）於 二 零 一 八 年 四 月 二 十 四 日 根 據 開 曼 群 島 法 例 第 22章 公 司 法（一 九 六 一 年 第3號 法 例，經 綜 合 及 修 訂）於 開 曼 群 島 註 冊 成 立 為 獲 豁 免 公 司 並 於開曼群島登記為有限公司，而其股份已自二零一九年四月三十日起在香港聯合交易所有 限 公 司（「聯交所」）主 板 上 市。其 註 冊 辦 事 處 位 於Windward 3, Regatta Office Park, PO Box 1350, Grand Cayman KY1–1108, Cayman Islands。其主要營業地點位於香港新界葵涌梨木道79號亞洲 貿易中心2803–2803A室。 本集團的最終控股方為鄧永國先生。本公司董事認為，本集團的直接及最終控股公司為峰 勝控股有限公司，一間於英屬處女群島註冊成立的公司。 2. 應 用 新 訂 及 經 修 訂 香 港 財 務 報 告 準 則（「香 港 財 務 報 告 準 則」） 本年度應用經修訂香港財務報告準則對本集團本年度及過往年度的財務狀況以及表現及╱ ...