Financial Performance - Revenue decreased from approximately HKD 149.3 million for the six months ended September 30, 2021, to approximately HKD 98.1 million for the six months ended September 30, 2022, representing a decline of about 34.3%[13]. - Gross profit for the six months ended September 30, 2022, was approximately HKD 12.8 million, down from approximately HKD 16.4 million for the same period in 2021, a decrease of about 22.0%[15]. - The company's profit before tax decreased from approximately HKD 9.9 million for the six months ended September 30, 2021, to approximately HKD 8.8 million for the six months ended September 30, 2022, primarily due to a reduction in gross profit[20]. - The total comprehensive income attributable to the owners of the company decreased from approximately HKD 9.9 million for the six months ended September 30, 2021, to approximately HKD 8.8 million for the six months ended September 30, 2022, reflecting the decrease in profit before tax[21]. - The group reported a profit before tax of HKD 8,820,000 for the six months ended September 30, 2022, down from HKD 9,914,000 in the same period of 2021[110]. - The group did not recommend an interim dividend for the six months ended September 30, 2022, compared to an interim dividend of HKD 39,990,000 for the same period in 2021[120]. Revenue Breakdown - Revenue from renovation and extension engineering services for the six months ended September 30, 2022, was HKD 74,410,000, an increase of 55.3% compared to HKD 47,944,000 for the same period in 2021[104]. - Revenue from civil engineering services for the same period was HKD 23,721,000, a decrease of 76.7% from HKD 101,329,000 in the previous year[104]. - Total revenue for the group for the six months ended September 30, 2022, was HKD 98,131,000, down 34.2% from HKD 149,273,000 in the same period of 2021[110]. Costs and Expenses - Direct costs decreased from approximately HKD 132.9 million for the six months ended September 30, 2021, to approximately HKD 85.4 million for the six months ended September 30, 2022, a reduction of about 35.8%[14]. - Administrative expenses remained relatively stable for the six months ended September 30, 2022, compared to the same period in 2021[19]. - The group’s administrative expenses for the period were HKD 6,030,000, contributing to the overall financial performance[110]. - The total employee costs for the six months ended September 30, 2022, were approximately HKD 11.8 million, down from approximately HKD 14.8 million for the corresponding period in 2021[39]. Assets and Liabilities - Total assets increased to HKD 230,980,000 from HKD 219,798,000, representing a growth of approximately 5.35%[46]. - Cash and cash equivalents rose to HKD 147,468,000, compared to HKD 125,752,000, marking an increase of about 17.28%[89]. - Trade receivables and other receivables decreased to HKD 28,558,000 from HKD 30,408,000, a decline of approximately 6.07%[46]. - Current liabilities rose to HKD 56,032,000 from HKD 53,885,000, reflecting an increase of approximately 3.14%[46]. - The group’s total assets as of September 30, 2022, included trade receivables of HKD 20,020,000, a decrease from HKD 24,180,000 as of March 31, 2022[145]. Cash Flow - Net cash generated from operating activities was HKD 21,878,000, compared to a cash outflow of HKD 13,061,000 in the previous period[90]. - The net cash flow from investing activities was a cash outflow of HKD 162,000, compared to an outflow of HKD 19,284,000 in the previous period[90]. Corporate Governance - The company has adopted the corporate governance code as per the listing rules and has complied with it since the six months ending September 30, 2022[192]. - The audit committee, established on April 4, 2019, consists of three independent non-executive directors and has reviewed and approved the interim financial results[198]. - The company is committed to high standards of corporate governance to protect shareholder interests and enhance corporate value[191]. Shareholding and Management - The company has a significant shareholding structure, with Mr. Lau Yong Hang holding 465,000,000 shares, representing 75% of the controlled corporation's equity[172]. - Mr. Tang Wing Kwok holds 69.48% of the issued share capital of the controlling corporation, which in turn holds 52.11% of the company's equity[179]. - The company has a robust governance structure with significant shareholding by key executives, ensuring alignment of interests[178]. Future Plans and Strategies - The company plans to actively participate in bidding for large projects with reasonable returns to maintain competitiveness in the industry[12]. - The company aims to implement effective cost control measures and maintain high-quality construction projects to enhance competitiveness[12]. - The expected timeline for utilizing unspent proceeds is subject to market conditions and may be adjusted accordingly[38].

Financial Performance - Total revenue for the year ended March 31, 2022, was approximately HKD 275.1 million, an increase of about 25.8% compared to the previous year[45] - Profit attributable to owners of the company was approximately HKD 10.1 million for the year ended March 31, 2022[45] - Revenue increased from approximately HKD 218.7 million for the year ended March 31, 2021, to approximately HKD 275.1 million for the year ended March 31, 2022, representing a growth of about 25.8%[53] - Gross profit improved from a loss of approximately HKD 30.6 million to a profit of approximately HKD 22.9 million, a growth of about 174.7%[55] - The total comprehensive income increased from a loss of approximately HKD 39.9 million to a profit of approximately HKD 10.1 million[61] - Direct costs rose from approximately HKD 249.4 million to approximately HKD 252.3 million, an increase of about 1.2%[54] - The current ratio decreased from 4.5 times to 4.1 times[63] - The return on total assets improved from approximately -14.1% to approximately 4.1%[70] - The return on equity increased from approximately -18.1% to approximately 5.3%[71] - The company’s available distributable reserves as of March 31, 2022, were approximately HKD 110.1 million, compared to HKD 110.5 million in 2021[150] Business Strategy - The company is focusing on private sector projects, having shifted its attention away from public sector projects during the fiscal year[50] - The management team emphasizes effective cost control measures to seek larger project opportunities and enhance profitability[50] - The company plans to actively participate in large project tenders and strengthen cost control measures to generate more revenue and reduce direct costs[50] - The company aims to reduce reliance on major clients by undertaking more large-scale projects with other clients, thereby mitigating customer concentration risk[183] - The company is focused on strategic investments and partnerships to support its growth objectives in the competitive market landscape[104] Client and Supplier Relationships - The company has maintained long-term relationships with key clients, suppliers, and subcontractors, which is expected to support its competitive position in the market[45] - The company reported that its major clients accounted for approximately 40.7% and 66.0% of total revenue for the years ending March 31, 2022, and March 31, 2021, respectively[136] - The top five clients collectively contributed about 95.1% and 98.2% of total revenue for the same periods[136] - The largest supplier accounted for approximately 17.0% of total purchases, while the top five suppliers represented about 55.2% of total purchases for the year ending March 31, 2022[179] - The largest customer contributed approximately 40.7% of total revenue, with the top five customers accounting for about 95.1% of total revenue for the year ending March 31, 2022[179] Management and Governance - The company has appointed Mr. Yang as an independent non-executive director on April 4, 2019, who also serves as the chairman of the audit and remuneration committees[103] - Mr. Zhang, appointed as an independent non-executive director on April 4, 2019, has over 16 years of experience in accounting and finance[108] - Mr. Chan, appointed as an independent non-executive director on January 31, 2020, has over 22 years of experience in credit, financing, and taxation[109] - The company has a strategic focus on expanding its market presence and enhancing its financial management capabilities through experienced board members[104] - The board includes members with extensive backgrounds in finance, accounting, and project management, contributing to the company's strategic direction[106] - The company emphasizes the importance of corporate governance through the establishment of various committees, including audit and remuneration[103] - The independent directors bring diverse expertise from various sectors, enhancing the company's decision-making processes[108] - The board's composition reflects a commitment to maintaining high standards of corporate governance and accountability[106] Operational Challenges - The management remains cautious about the construction industry outlook due to ongoing market competition and labor shortages[45] - The company anticipates needing more time to utilize the proceeds for increasing manpower due to challenges in finding suitable candidates[87] - The actual time and costs of project completion may significantly differ from estimates, potentially impacting financial performance[141] - The company has identified significant risks related to client concentration, which may adversely affect its business and financial performance[136] Employee and Compensation - The total employee costs for the year ended March 31, 2022, amounted to approximately HKD 28.2 million, an increase from HKD 27.2 million in the previous year[90] - The company has established a comprehensive compensation package for employees, including salaries, discretionary bonuses, and other cash benefits to attract and retain skilled workers[180] - The company has maintained competitive compensation and benefits to address the shortage of skilled labor in the local construction industry[180] - The company has a robust annual review system for employee performance, which informs decisions on salary increases, bonuses, and promotions[180] Financial Position - Cash and cash equivalents totaled approximately HKD 125.8 million as of March 31, 2022, compared to approximately HKD 183.5 million as of March 31, 2021[73] - As of March 31, 2022, the company's debt-to-equity ratio remains at zero, consistent with the previous year[78] - The company obtained a performance bond of approximately HKD 24.2 million from a bank as of March 31, 2022, compared to zero in the previous year[79] - The company has not issued any debt securities during the year ended March 31, 2022[145] - The company has not engaged in any borrowing as of March 31, 2022[199] Corporate Actions - The company does not recommend a final dividend for the year ended March 31, 2022, consistent with the previous year[91] - The company has not made any significant investments or acquisitions as of March 31, 2022[82] - The company has not incurred any significant costs related to environmental compliance as of March 31, 2022[186] - There were no significant investments, acquisitions, or disposals of subsidiaries and associates during the fiscal year ending March 31, 2022[194] - The company has not granted any stock options under its stock option plan since its adoption on April 4, 2019[198] - The total number of shares available for issuance under the stock option plan is 62,000,000, representing 10% of the company's total issued share capital[198] - The company has maintained the minimum public float required by listing rules as of March 31, 2022[190] Miscellaneous - The company was incorporated in the Cayman Islands on April 24, 2018, and completed its restructuring on June 19, 2018, in preparation for its listing[125] - The registered office of the company is located in Hong Kong, with its main business operations situated at Asia Trade Centre, 79 Lei Muk Road, Kwai Chung, New Territories, Hong Kong[126] - The company received financial support from a controlling shareholder, which included a personal guarantee from the executive director, ensuring compliance with regulatory requirements[173][174] - The company has not engaged in any related party transactions that required disclosure under the listing rules[172] - The company’s financial support from the controlling shareholder was deemed to be on normal commercial terms, aligning with the interests of shareholders[177]

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 中 期 報 告 021 目 錄 公司資料 2 管理層討論與分析 5 簡明綜合損益及其他全面收益表 11 簡明綜合財務狀況表 12 簡明綜合權益變動表 13 簡明綜合現金流量表 14 簡明綜合財務報表附註 15 其他資料 30 公司資料 董事會 執行董事 鄧永國先生(主席) 勞永亨先生(副主席兼行政總裁) 獨立非執行董事 楊子朗先生 張錠堅先生 陳沛恒先生 審核委員會 楊子朗先生(主席) 張綜堅先生 陳沛恒先生 薪酬委員會 楊子朗先生(主席) 勞永亨先生 陳沛恒先生 提名委員會 鄧永國先生(主席) 張綜堅先生 陳沛恒先生 公司秘書 楊嘉俊先生 授權代表 鄧永國先生 楊嘉俊先生 中 期 報 告 2 0 21 ／ 02 公司資料 有關香港法律的法律顧問 関曼群島註冊辦事處 Windward 3 Regatta Office Park PO Box 1350 Grand Cayman KY1-1108 Cayman Islands 總部及香港主要營業地點 香港 新界 葵涌 梨木道79號 亞洲貿易 ...

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 年 報 2021 目錄 公司資料2 主席報告4 管理層討論與分析5 董事及高級管理層的履歷詳情 11 董事會報告 16 企業管治報告 28 環境、社會及管治報告 38 獨立核數師報告 55 綜合損益及其他全面收益表 60 綜合財務狀況表 61 綜合權益變動表 62 綜合現金流量表 63 綜合財務報表附註 65 財務概要 114 公司資料 董事會 總部及香港主要營業地點 執行董事 香港 鄧永國先生(主席) 新界 勞永亨先生(副主席兼行政總裁) 葵涌 梨木道 79號 獨立非執行董事 亞洲貿易中心 2803–2803A 室 楊子朗先生 合規顧問 張錠堅先生 均富融資有限公司 陳沛恒先生 香港 審核委員會 金鐘夏恳道18號 楊子朗先生(主席) 海富中心 張錠堅先生 1 座 27樓 2701 室 陳沛恒先生 有關香港法律的法律顧問 薪酬委員會 楊永安·鄭文森律師事務所 楊子朗先生(主席) 香港 勞永亨先生 德輔道中 188 號 陳沛恒先生 金龍中心 12 樓 1201–2A 室 提名委員會 開曼群 ...

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 中 期 報 告 207 目錄 公司資料2 簡明綜合損益及其他全面收益表11 簡明綜合財務狀況表12 簡明綜合權益變動表13 簡明綜合現金流量表14 簡明綜合財務報表附註15 其他資料29 其他資料 管理層討論與分析5 29 公司資料 . . . . . . . . . . 董事會 執行董事 鄧永國先生(主席) 勞永亨先生(副主席兼行政總裁) 獨立非執行董事 楊子朗先生 張錠堅先生 陳沛恒先生 審核委員會 楊子朗先生(主席) 張綜堅先生 陳沛恒先生 薪酬委員會 楊子朗先生(主席) 勞永亨先生 陳沛恒先生 提名委員會 鄧永國先生(主席) 張綜堅先生 陳沛恒先生 公司秘書 戚偉珍女士 授權代表 鄧永國先生 戚偉珍女士 中 期 報 告 2 0 2 0 公司資料 有關香港法律的法律顧問 関曼群島註冊辦事處 PO Box 1350 Clifton House 75 Fort Street Grand Cayman KY1-1108 Cayman Islands 總部及香港主要營業地點 香港 新界 ...

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 目錄 公司資料2 主席報告4 管理層討論與分析5 董事及高級管理層的履歷詳情 11 董事會報告 16 企業管治報告 28 環境、社會及管治報告 38 獨立核數師報告 53 綜合損益及其他全面收益表 58 綜合財務狀況表 59 綜合權益變動表 60 綜合現金流量表 61 綜合財務報表附註 63 財務概要 110 財務概要 110 公司資料 董事會 開曼群島註冊辦事處 執行董事 PO Box 1350 鄧永國先生(主席) Clifton House 勞永亨先生(副主席兼行政總裁) 75 Fort Street Grand Cayman KY1-1108 獨立非執行董事 Cayman Islands 楊子朗先生 總部及香港主要營業地點 姚俊榮先生(前稱姚家焯先生) (於二零二零年一月三十一日辭任) 香港 張錠堅先生 新界 陳沛恒先生(於二零二零年一月三十一日獲委任) 葵涌 梨木道 79號 審核委員會 亞洲貿易中心 2803–2803A 室 楊子朗先生(主席) 合規顧問 姚俊榮先生(前稱姚家焯先 ...

B & D Strategic Holdings Limited Stock Code : 1780 (Incorporated in the Cayman Islands with limited liability) Interim Report 2019 股份代號 : 1780 (於開曼群島註冊成立的有限責任公司) 中期報 告 2019 公司資料2 目 錄 簡明綜合損益及其他全面收益表 11 簡明綜合財務狀況表 12 簡明綜合權益變動表 13 簡明綜合現金流量表 14 簡明綜合財務報表附註 15 其他資料 37 其他資料 37 管理層討論與分析5 公司資料 董事曾 執行董事 鄧永國先生(主席) 勞永亨先生(副主席兼行政總裁) 獨立非執行董事 楊子朗先生 姚俊舜先生 張錠堅先生 審核委員會 楊子朗先生(主席) 姚俊舜先生 張錠堅先生 薪酬委員會 楊子朗先生(主席) 勞永亨先生 姚俊桑先生 提名委員會 鄧永國先生(主席) 姚俊桑先生 張錠堅先生 公司秘書 李婉珊女士 授權代表 鄧永國先生 李婉珊女士 関曼群島註冊辦事處 PO Box 1350 Clifton House 75 Fort Street Gra ...

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 目錄 公司資料2 主席報告4 管理層討論與分析5 董事及高級管理層的履歷詳情 12 董事會報告 17 企業管治報告 29 環境、社會及管治報告 39 獨立核數師報告 51 綜合損益及其他全面收益表 57 綜合財務狀況表 58 | --- | --- | --- | |------------------|-------|-------| | | | | | 綜合權益變動表 | 59 | | | 綜合現金流量表 | 60 | | | 綜合財務報表附註 | 62 | | | 財務概要 | 110 | | | | | | | | | | | | | | 公司資料 | --- | --- | |------------------------------|---------------------------------------------| | | | | 董事會 | 總部及香港主要營業地點 | | 執行董事 | 香港 | | 鄧永國先生(主席) | 新界 | | 勞永亨先生(副主席兼行政 ...