Wecon Holdings Limited 偉工控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1793） 截至2025年3月31日止年度的 年度業績公告 及 提名委員會組成變動 財務摘要 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 - 1 - • 收益由截至2024年3月31日止年度約1,160.4百萬港元減少至截至2025年3月31日止年度約 1,058.7百萬港元，減幅約101.7百萬港元或約8.8%。 • 毛利由截至2024年3月31日止年度約45.1百萬港元減少至截至2025年3月31日止年度約37.5百 萬港元，減幅約7.6百萬港元或約16.9%。 • 毛利率由截至2024年3月31日止年度約3.9%下跌至截至2025年3月31日止年度約3.5%。 • 本公司擁有人應佔溢利由截至2024年3月31日止年度約6.0百萬港元增加至截至2025年3月31 日止年度約7.4百萬港元，增幅約1.4百萬港元或約23.3%。 • 截至 ...

Financial Performance - The profit attributable to equity holders for the six months ended 30 September 2024 was HK$5,046,000, compared to HK$2,192,000 for the same period in 2023, representing a significant increase of 130%[3]. - Total revenue from contracts with customers for the six months ended 30 September 2024 was HK$580,296,000, compared to HK$494,390,000 for the same period in 2023, reflecting an increase of 17.3%[9]. - The Group's profit before tax for the six months ended 30 September 2024 was impacted by a depreciation expense of HK$3,056,000 for right-of-use assets, compared to HK$2,752,000 in 2023[12]. - The total tax charge for the period was HK$561,000, a decrease from HK$622,000 in the previous year[16]. - The Group's net profit increased from approximately HK$2.2 million for the six months ended September 30, 2023, to approximately HK$5.0 million for the same period in 2024, representing a growth of approximately 127.3%[79]. - Profit before tax increased to HK$5,607,000, a significant rise of 99.5% from HK$2,814,000 for the same period in 2023[114]. - Profit for the period increased to HK$5,046,000, compared to HK$2,192,000 in the same period last year, reflecting a rise of 130.5%[176]. Revenue Breakdown - Revenue from building construction services was HK$446,250,000, while revenue from RMAA works services was HK$134,046,000 for the six months ended 30 September 2024[26]. - Revenue from RMAA works services decreased by approximately HK$46.8 million or approximately 25.9%, from approximately HK$180.8 million for the six months ended 30 September 2023 to approximately HK$134.0 million for the six months ended 30 September 2024[40]. - For the six months ended September 30, 2024, the Group's revenue from construction contracts was approximately HK$446.3 million, an increase of about 42.3% from approximately HK$313.6 million for the same period in 2023[67]. - Revenue from external customers for the six months ended September 30, 2024, was HK$446,250,000, representing an increase of 42.3% compared to HK$313,594,000 for the same period in 2023[176]. Expenses and Costs - Employee benefit expenses, excluding directors' remuneration, totaled HK$45,485,000, down from HK$46,940,000 in the prior period[12]. - Administrative and other operating expenses decreased by approximately HK$4.2 million or approximately 18.2%, from approximately HK$23.1 million to approximately HK$18.9 million for the six months ended 30 September 2024[47]. - Finance costs increased to HK$268,000 from HK$124,000, indicating a rise of 116.1%[114]. - Unallocated head office and corporate expenses were HK$15,818,000 for the period, slightly down from HK$16,971,000 in the previous year[176]. Assets and Liabilities - As of September 30, 2024, the Group had cash and bank balances of approximately HK$189.5 million, up from approximately HK$111.7 million as of March 31, 2024[83]. - Total non-current assets decreased to HK$36,666,000 from HK$39,911,000 as of March 31, 2024, reflecting a decline of approximately 5.8%[139]. - Current assets increased to HK$567,983,000 from HK$554,276,000, representing a growth of about 2.5%[139]. - Total current liabilities rose to HK$328,563,000 from HK$311,933,000, indicating an increase of approximately 5.3%[139]. - The total assets less current liabilities stood at HK$276,086,000, down from HK$282,254,000, reflecting a decrease of approximately 2.9%[139]. - The total equity attributable to equity holders of the company was HK$273,857,000 as of September 30, 2024, down from HK$278,329,000[141]. - The gearing ratio of the Group was approximately 2.9% as of September 30, 2024, compared to 3.3% as of March 31, 2024[84]. Cash Flow - Net cash flows from operating activities for the six months ended September 30, 2024, were HK$86,787, a significant recovery from a cash outflow of HK$4,524 in the same period of 2023[143]. - Cash flows from investing activities resulted in a net inflow of HK$11,478, compared to a net outflow of HK$1,370 in the prior year[143]. - Cash and cash equivalents at the end of the period increased to HK$162,963, up from HK$41,140 at the end of the same period last year[144]. - Loans to subcontractors decreased significantly to HK$4,245 from HK$23,925 in the prior year, reflecting improved cash management[143]. Corporate Governance and Compliance - The Group's corporate governance practices emphasize transparency, accountability, and independence, with ongoing reviews to enhance these practices[56]. - The Group has complied with all relevant laws and regulations during the six months ended September 30, 2024, with no material breaches reported[92]. - The company has complied with all relevant laws and regulations during the reporting period[118]. Shareholder Information - The company did not declare an interim dividend for the six months ended 30 September 2024, compared to no dividend declared for the same period in 2023[23]. - The company paid dividends amounting to HK$9,518,000 to shareholders during the period[141]. - The final dividend for the financial year ended 31 March 2024 is HK$1.2 cents per share, totaling HK$9,518,000, with no interim dividend declared for the six months ended 30 September 2024[154]. Project and Contract Information - As of 30 September 2024, the Group had six major projects on hand, each with an awarded contract sum of HK$10.0 million or above[33]. - During the six months ended 30 September 2024, the Group completed five major projects, each with an awarded contract sum of HK$10.0 million or above[33]. - The Group was awarded two sizeable contracts with an aggregate contract sum of approximately HK$574.9 million during the six months ended 30 September 2024[33].

Revenue Performance - Revenue increased from approximately HKD 494.4 million for the six months ended September 30, 2023, to approximately HKD 580.3 million for the six months ended September 30, 2024, representing an increase of about HKD 85.9 million or approximately 17.4%[3] - Revenue from external customers for construction contracts reached HKD 446,250,000, while revenue from renovation and maintenance services was HKD 134,046,000, totaling HKD 580,296,000 for the six months ended September 30, 2024[31] - The company's total revenue increased by approximately 17.4% compared to the same period in 2023[31] - Revenue from building services rose from approximately HKD 313.6 million to approximately HKD 446.3 million, an increase of about HKD 132.7 million or approximately 42.3%[56] - Revenue from renovation and maintenance services decreased from approximately HKD 180.8 million to approximately HKD 134.0 million, a decline of about HKD 46.8 million or approximately 25.9%[57] Profitability - Gross profit decreased from approximately HKD 22.2 million for the six months ended September 30, 2023, to approximately HKD 16.9 million for the six months ended September 30, 2024, a decrease of about HKD 5.3 million or approximately 23.9%[3] - The company's gross profit decreased from approximately HKD 22.2 million to approximately HKD 16.9 million, a decline of about HKD 5.3 million or approximately 23.9%[60] - The gross profit margin fell from approximately 4.5% to approximately 2.9%, a drop of about 1.6 percentage points[60] - Profit attributable to equity holders increased from approximately HKD 2.2 million for the six months ended September 30, 2023, to approximately HKD 5.0 million for the six months ended September 30, 2024, an increase of about HKD 2.8 million or approximately 127.3%[3] - The pre-tax profit for the period was HKD 5,607,000, with a net profit of HKD 5,046,000, compared to HKD 2,192,000 for the same period in 2023[36][39] Earnings Per Share - Basic earnings per share for the six months ended September 30, 2024, was approximately HKD 0.6 cents, compared to approximately HKD 0.3 cents for the six months ended September 30, 2023[3] - The average number of ordinary shares in issue was 793,204,000 for both periods, with no potential dilution effect from issued shares[39][40] Dividends - The board of directors decided not to declare any interim dividend for the six months ended September 30, 2024, consistent with the previous period[3] - The company did not declare an interim dividend for the six months ended September 30, 2024, consistent with the previous year[41] - No interim dividend was declared for the six months ended September 30, 2024, consistent with the same period in 2023[82] Assets and Liabilities - Total assets less current liabilities as of September 30, 2024, amounted to approximately HKD 276.1 million, compared to approximately HKD 282.3 million as of March 31, 2024[7] - Current assets as of September 30, 2024, totaled approximately HKD 567.98 million, an increase from approximately HKD 554.28 million as of March 31, 2024[7] - Cash and bank balances increased to approximately HKD 162.96 million as of September 30, 2024, from approximately HKD 77.47 million as of March 31, 2024[7] - Non-current assets decreased from approximately HKD 39.91 million as of March 31, 2024, to approximately HKD 36.67 million as of September 30, 2024[7] - Total assets amounted to HKD 604,649,000, while total liabilities were HKD 330,792,000 as of September 30, 2024[30] Employee Expenses - The company reported a decrease in employee benefits expenses, totaling HKD 45,485,000 for the six months ended September 30, 2024, compared to HKD 46,940,000 in 2023[36] - As of September 30, 2024, the total employee cost (excluding directors' remuneration) was approximately HKD 45.5 million, compared to HKD 46.9 million for the same period in 2023[68] Financial Position - The current ratio as of September 30, 2024, was approximately 1.7 times, slightly down from 1.8 times as of March 31, 2024[74] - The group had no outstanding bank borrowings as of September 30, 2024, and lease liabilities were approximately HKD 7.9 million, down from HKD 9.3 million as of March 31, 2024[77] - The capital debt ratio as of September 30, 2024, was approximately 2.9%, a decrease from 3.3% as of March 31, 2024[78] Contracts and Investments - The company successfully secured two large contracts totaling approximately HKD 574.9 million during the six months ended September 30, 2024[52] - The group had no significant investments, acquisitions, or disposals of subsidiaries and associates during the six months ended September 30, 2024[69] Guarantees and Bonds - The group provided unlimited guarantees to several banks to support the issuance of performance bonds totaling approximately HKD 97.2 million as of September 30, 2024, up from approximately HKD 49.8 million as of March 31, 2024[72] Acknowledgments - The board expresses gratitude to shareholders, institutional investors, customers, bankers, suppliers, subcontractors, and business partners for their ongoing support and trust[90] - The management team and all employees are acknowledged for their efforts and significant contributions to the group[90] Other Information - There were no significant events requiring disclosure after September 30, 2024, up to the date of this announcement[84] - The group has not engaged in any share buybacks, sales, or redemptions during the six months ended September 30, 2024[83]

(Incorporated in the Cayman Islands with limited liability) WECON HOLDINGS LIMITED 偉工控股有限公 司 Stock code 股份代號: 1793 (於開曼群島註冊成立之有限公司） 2023/24 ANNUAL REPORT 年報 WECON HOLDINGS LIMITED 偉工控股有限公司 WECON HOLDINGS LIMITED 偉工控股有限公司 ANNUAL REPORT 2023/24 年報 CONTENTS 目錄 | Corporate 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 | | | Corporate Governance Report | 15 | | 企業管治報告 | | | Biographical Details of Directors and | 39 | | Se ...

2024年 2023年 附註 千港元 千港元 非流動資產 物業、廠房及設備 7,055 9,271 使用權資產 9,515 7,021 按公允值計入損益的金融資產 12,805 13,383 預付款項及按金 10,536 4,123 非流動資產總額 39,911 33,798 流動資產 合約資產及貿易應收款項 10 389,692 251,761 預付款項、按金及其他應收款項 33,917 57,013 按公允值計入損益的金融資產 19,010 13,735 抵押存款 34,190 34,190 現金及銀行結餘 77,467 64,226 流動資產總額 554,276 420,925 流動資產淨額 242,343 251,232 總權益 278,329 281,846 附註 總資產減流動負債 282,254 285,030 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 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。 Wecon Holdings Limited 偉工控股有限公司 （於開曼群島註冊 ...

Project and Contract Overview - As of September 30, 2023, the Group had nine major projects on hand with an awarded contract sum of HK$10.0 million or above[10]. - During the six months ended September 30, 2023, the Group completed four major projects with an awarded contract sum of HK$10.0 million or above[10]. - The Group was awarded two sizeable contracts during the same period, with an aggregate contract sum of approximately HK$546.7 million[11]. Business Strategy and Market Outlook - The Group aims to diversify its customer base and enhance its reputation by ensuring timely project completion with high quality[11]. - The management remains prudently optimistic about the prospects of the construction industry in Hong Kong[11]. - The Group plans to invest in building construction-related services to enhance capabilities and provide synergies to existing business[12]. - The Group believes that building information modeling services can differentiate it from competitors by providing innovative technical solutions[12]. - The Group is committed to maintaining high quality and workmanship in its services[12]. Financial Performance - The Group's revenue increased by approximately HK$43.0 million or approximately 9.5%, from approximately HK$451.4 million for the six months ended September 30, 2022, to approximately HK$494.4 million for the six months ended September 30, 2023[20][24]. - Revenue from building construction services decreased by approximately HK$1.4 million or approximately 0.4%, from approximately HK$315.0 million to approximately HK$313.6 million during the same period[21][25]. - Revenue from RMAA works services increased by approximately HK$44.4 million or approximately 32.6%, from approximately HK$136.4 million to approximately HK$180.8 million[22][26]. - The cost of sales increased by approximately HK$41.5 million or approximately 9.6%, from approximately HK$430.7 million to approximately HK$472.2 million[28][31]. - The gross profit increased by approximately HK$1.5 million or approximately 7.2%, from approximately HK$20.7 million to approximately HK$22.2 million[29][32]. - The gross profit margin slightly decreased from approximately 4.6% to approximately 4.5%[29][32]. - The gross profit from building construction services increased by approximately HK$0.3 million or approximately 2.2%, with a gross profit margin increase from approximately 4.4% to approximately 4.5%[30][33]. - The gross profit from RMAA works services increased by approximately HK$1.1 million or approximately 15.7%, but the gross profit margin decreased from approximately 5.1% to approximately 4.5%[35][38]. - Other income and gains decreased by approximately HK$1.9 million or approximately 32.8%, from approximately HK$5.8 million to approximately HK$3.9 million[36]. - Administrative and other operating expenses decreased by approximately HK$1.1 million or approximately 4.5%, from approximately HK$24.2 million to approximately HK$23.1 million[37]. Taxation and Profitability - The income tax expense was approximately HK$0.6 million for the six months ended September 30, 2023, compared to an income tax credit of approximately HK$0.2 million for the six months ended September 30, 2022, resulting in an effective tax rate of approximately 22.1%[43]. - Net profit decreased by approximately HK$0.4 million or approximately 15.4% from approximately HK$2.6 million for the six months ended September 30, 2022 to approximately HK$2.2 million for the six months ended September 30, 2023[44]. Financial Position and Liquidity - As at 30 September 2023, the Group had pledged deposits and cash and cash equivalents of approximately HK$75.3 million, down from approximately HK$98.4 million as at 31 March 2023[60]. - The current ratio of the Group was approximately 2.2 times as at 30 September 2023, compared to approximately 2.5 times as at 31 March 2023[60]. - As at 30 September 2023, the Group had no outstanding bank borrowings, and lease liabilities amounted to approximately HK$7.2 million[66]. - The Group's banking facilities were secured by pledged deposits of approximately HK$34.2 million and a life insurance policy of approximately HK$10.1 million[67]. - As of September 30, 2023, the gearing ratio of the Group was approximately 2.6%, an increase from 2.4% as of March 31, 2023[69][71]. - The Group had lease liabilities of approximately HKD 7.2 million as of September 30, 2023, compared to HKD 6.7 million as of March 31, 2023[70]. - The Group has no outstanding bank borrowings as of September 30, 2023, consistent with March 31, 2023[70]. Shareholder Information and Corporate Governance - The Board has resolved not to declare any interim dividend for the six months ended September 30, 2023, the same as the previous year[87][89]. - The number of share options available for grant under the Share Option Scheme remained at 80,000,000 as of September 30, 2023[91]. - No share options have been granted or exercised under the Share Option Scheme since its adoption on January 21, 2019[91]. - The Group has complied with all applicable code provisions of the Corporate Governance Code during the reporting period, except for the separation of the roles of Chairman and CEO[74][75]. - The Board consists of six Directors, including three executive Directors and three independent non-executive Directors, maintaining compliance with Listing Rules[81][84]. - The Group has recognized the importance of compliance with regulatory requirements and has adhered to relevant laws and regulations without any material breaches[86][88]. Stock Options and Share Awards - As of September 30, 2023, the number of stock options available for grant under the stock option plan was 80,000,000, representing 10% of the issued shares[94]. - No stock options were granted, exercised, expired, canceled, or lapsed under the stock option plan from its adoption date until September 30, 2023[94]. - As of September 30, 2023, the trustee held 6,796,000 shares under the share award plan, with no shares granted to eligible participants[95]. - No shares have been granted, vested, canceled, or lapsed under the share award plan since its adoption date until September 30, 2023[95]. Major Shareholders - Mr. KY Tsang holds a long position of 600,000,000 shares, representing 75% of the company's shareholding[100]. - Triple Arch Limited, which is 100% beneficially owned by Mr. KY Tsang, holds 600,000,000 shares, also representing 75% of the company's shareholding[106]. - Ms. Lai Yuk Lin, Eliza, holds an interest in 600,000,000 shares through her spouse, Mr. KY Tsang, representing 75% of the company's shareholding[106]. Related Party Transactions - No connected transactions or continuing connected transactions were entered into by the Group during the six months ended September 30, 2023[113]. - There were no significant contracts related to the Group's business involving any Director or their connected entities as of September 30, 2023[112]. - The Company and its subsidiaries did not purchase, sell, or redeem any shares during the six months ended September 30, 2023[115]. Cash Flow and Investments - Net cash flows used in operating activities improved to HK$4,648,000 in 2023 from HK$14,526,000 in 2022, indicating a reduction of 68.1%[149]. - The company reported a net cash flow used in investing activities of HK$1,370,000, a significant improvement from HK$10,261,000 in the previous year, showing a reduction of 86.6%[150]. - The principal portion of lease payments decreased to HK$2,335,000 from HK$3,454,000, a decrease of 32.5%[150]. - Cash generated used in operations was reported at HK$4,524,000, an improvement from HK$14,445,000 in the previous year, indicating a reduction of 68.7%[149]. Financial Statements and Accounting Policies - The interim financial information has been reviewed by the audit committee of the Board, ensuring compliance with relevant accounting standards[123]. - The financial statements of the subsidiaries are prepared for the same reporting period as the Company, ensuring consistent accounting policies[164]. - The Group's accounting policies remain consistent with those applied in the preparation of the annual consolidated financial statements for the year ended 31 March 2023, with no significant impact from new HKFRSs adopted[169]. - Segment results, assets, and liabilities for the six months ended 30 September 2023 and 2022 are provided for resource allocation and performance assessment[174]. Asset and Liability Overview - Total assets as of September 30, 2023, amounted to HK$473,455,000, an increase from HK$454,723,000 as of March 31, 2023[180]. - Total liabilities increased to HK$198,935,000 from HK$172,877,000, indicating a rise of 15.1%[180]. - Segment assets for construction contracts rose to HK$263,779,000 from HK$229,408,000, reflecting an increase of 15.0%[180]. - Segment liabilities for RMAA works increased to HK$40,527,000 from HK$38,920,000, a rise of 4.0%[180]. - Total non-current assets increased to HK$37,215,000 as of September 30, 2023, up from HK$33,798,000 on March 31, 2023, representing an increase of 10.4%[141]. - Current assets totaled HK$436,240,000 as of September 30, 2023, compared to HK$420,925,000 on March 31, 2023, reflecting a growth of 3.6%[141]. - Net current assets decreased to HK$240,411,000 as of September 30, 2023, down from HK$251,232,000 on March 31, 2023, a decline of 4.3%[141]. - Total equity attributable to equity holders of the Company decreased to HK$274,520,000 as of September 30, 2023, from HK$281,846,000 on March 31, 2023, a decrease of 2.6%[142]. Employee and Operational Expenses - Total staff costs (excluding Directors' remuneration) were approximately HK$46.9 million and HK$45.0 million for the six months ended September 30, 2023 and 2022, respectively[49]. - For the six months ended September 30, 2023, employee benefit expenses (excluding directors' remuneration) totaled HK$46,940,000, an increase of 4.4% from HK$44,959,000 in 2022[196]. - The employee benefit expense included in cost of sales was HK$38,182,000, compared to HK$36,346,000 in 2022, reflecting a growth of 5.1%[196]. - Administrative and other operating expenses decreased by approximately HK$1.1 million or approximately 4.5%, from approximately HK$24.2 million to approximately HK$23.1 million[37].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Wecon Holdings Limited 偉工控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1793） 截至2023年9月30日止六個月的 中期業績公告 財務摘要 • 收益由截至2022年9月30日止六個月約451.4百萬港元增加至截至2023年9月30日止六個月約 494.4百萬港元，增幅約43.0百萬港元或約9.5%。 • 毛利由截至2022年9月30日止六個月約20.7百萬港元增加至截至2023年9月30日止六個月約 22.2百萬港元，增幅約1.5百萬港元或約7.2%。 • 毛利率由截至2022年9月30日止六個月約4.6%輕微下跌至截至2023年9月30日止六個月約 4.5%。 • 本公司權益持有人應佔溢利由截至2022年9月30日止六個月約2.6百萬港元減少至截至2023 年9月30日止六個月約2.2百萬港元，減幅約0.4百萬港元或約15.4%。 ...

Financial Performance - The revenue of Wecon Holdings Limited decreased by approximately HK$283.7 million or approximately 24.6%, from approximately HK$1,152.7 million for the year ended March 31, 2022, to approximately HK$869.0 million for the year ended March 31, 2023[7]. - The profit attributable to equity holders for the year ended March 31, 2023, was approximately HK$5.9 million, a decrease of approximately HK$8.3 million compared to the previous year[7]. - Revenue from building construction services decreased by approximately HK$426.0 million or approximately 43.2%, from approximately HK$986.7 million to approximately HK$560.7 million during the same period[32]. - Revenue from RMAA works services increased by approximately HK$142.3 million or approximately 85.7%, from approximately HK$166.0 million to approximately HK$308.3 million[33]. - The cost of sales decreased by approximately HK$269.0 million or approximately 24.5%, from approximately HK$1,099.0 million to approximately HK$830.0 million[38]. - The gross profit decreased by approximately HK$14.7 million or approximately 27.4%, from approximately HK$53.7 million to approximately HK$39.0 million[39]. - The gross profit margin for the Group was approximately 4.5% for the year ended March 31, 2023, compared to 4.7% for the previous year, representing a decrease of approximately 0.2 percentage points[39]. - The net profit of the group decreased by approximately HK$8.3 million or about 58.5%, from approximately HK$14.2 million to approximately HK$5.9 million[54]. - Other income and gains increased by approximately HK$5.9 million or about 80.8%, from approximately HK$7.3 million to approximately HK$13.2 million[46]. - Administrative and other operating expenses rose by approximately HK$1.1 million or about 2.5%, from approximately HK$44.3 million to approximately HK$45.4 million[47]. - Finance costs increased by approximately HK$51,000 or about 39.5%, from approximately HK$129,000 to approximately HK$180,000[52]. - Income tax decreased by approximately HK$1.6 million or about 69.6%, from approximately HK$2.3 million to approximately HK$0.7 million[53]. Contracts and Projects - The Group was awarded three sizeable contracts for redevelopment projects from new customers with an aggregate contract sum of approximately HK$1.5 billion during the year[8]. - An additional sizeable contract with a contract sum of approximately HK$500 million was awarded to the Group after March 31, 2023[8]. - As of March 31, 2023, the Group had 11 major projects on hand with an awarded contract sum of HK$10.0 million or above[21]. - The Group completed five major projects with an awarded contract sum of HK$10.0 million or above during the year ended March 31, 2023[21]. Strategic Plans and Industry Outlook - The Group plans to invest in building construction-related services to enhance capabilities and provide synergies to existing business[14]. - The management remains prudently optimistic about the prospects of the construction industry in Hong Kong[8]. - The Group aims to diversify its customer base and improve competitiveness through timely project completion and cost-effective measures[8]. - Building information modeling services are seen as a differentiator for the Group, providing creative technical solutions to customers[14]. Governance and Board Structure - The Board consists of six directors, including three executive directors and three independent non-executive directors, ensuring a balanced governance structure[100]. - Mr. Tsang Ka Yip serves as both Chairman and CEO, a decision deemed beneficial for the Group and its shareholders[95]. - Independent non-executive directors (INEDs) represent at least one-third of the Board, ensuring sufficient independence to safeguard shareholder interests[102]. - The Board's key responsibilities include formulating overall strategies and supervising management performance[99]. - The Company believes all INEDs meet the independence guidelines set out in the Listing Rules[103]. - The Board aims to appoint at least three independent non-executive Directors, ensuring that at least one-third of the Board members are independent[114]. - The Nomination Committee is mandated to assess the independence of all independent non-executive Directors annually, adhering to the independence criteria set out in the Listing Rules[117]. Diversity and Inclusion - The Board Diversity Policy aims to enhance performance quality through diversity, considering factors such as gender, age, cultural background, and professional experience[127]. - As of 31 March 2023, the Board had no female members, and plans to appoint at least one female Board member by 31 December 2024 to meet gender diversity requirements[134]. - The Board aspires to achieve gender parity and ensure a balance of Directors with experience in the Group's core markets and diverse ethnic backgrounds[135]. - The Group maintains a commitment to fair employment practices, prohibiting discrimination based on gender, religion, race, disability, or age[141]. - The Board recognizes the need for diversity and plans to maintain a balance of gender diversity in the workforce in the foreseeable future[143]. Financial Management and Remuneration - The total staff costs (excluding Directors' remuneration) were approximately HK$93.5 million and HK$92.9 million for the years ended 31 March 2023 and 2022, respectively[59]. - The Group's remuneration policy aims to provide competitive but not excessive remuneration packages to attract and retain quality staff[175]. - Directors' remuneration includes fixed salary or service fee and variable components, benchmarked against comparable companies[176]. - The remuneration of Directors is reviewed annually and subject to Shareholders' approval[176]. - The total remuneration paid to the external auditor, Ernst & Young, for audit services was HK$1,070,000, while non-audit services amounted to HK$210,000, bringing the total to HK$1,280,000[185]. Shareholder Communication and Meetings - The upcoming annual general meeting is scheduled for August 18, 2023, providing an opportunity for shareholder communication[197]. - There are no material uncertainties that may cast significant doubt on the company's ability to continue as a going concern[190]. - The board may call an extraordinary general meeting if shareholders holding at least one-tenth of the voting rights request it[198]. - Shareholders holding at least 10% of voting rights can request a special general meeting[200]. - The board must convene the meeting within two months of the request[200]. - If the board fails to convene within 21 days, the requesting shareholders can call the meeting themselves[200]. - Reasonable expenses incurred due to the board's failure to convene will be reimbursed by the company[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的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 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。 Wecon Holdings Limited 偉工控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1793） 截至2023年3月31日止年度的年度業績公告 財務摘要 • 收益由截至2022年3月31日止年度約1,152.7百萬港元減少至截至2023年3月31日止年 度約869.0百萬港元，減幅約283.7百萬港元或約24.6%。 • 毛利由截至2022年3月31日止年度約53.7百萬港元減少至截至2023年3月31日止年度 約39.0百萬港元，減幅約14.7百萬港元或約27.4%。 • 毛利率由截至2022年3月31日止年度約4.7%下跌至截至2023年3月31日止年度約 4.5%。 • 本公司權益持有人應佔溢利由截至2022年3月31日止年度約14.2百萬港元減少至截至 2023年3月31日止年度約5.9百萬港元，減幅約8.3百萬港元或約58.5%。 ...

Project and Contract Management - The Group had eight major projects on hand with an awarded contract sum of HK$10.0 million or above as of September 30, 2022[10]. - During the six months ended September 30, 2022, the Group completed five major projects with an awarded contract sum of HK$10.0 million or above[10]. - In July 2022, Wecon Construction was admitted to Group C on probation, allowing it to tender for contracts exceeding HK$400 million, with a probationary limit of HK$1.5 billion[13]. - Subsequent to September 30, 2022, the Group was awarded two sizeable contracts for re-development projects with an aggregate contract sum of approximately HK$1 billion[14]. - The Group's indirect wholly-owned subsidiary, Wei Gong Construction, was included in the approved public works contractor list, allowing it to bid for contracts over HK$400 million[16]. - The Group secured two large contracts for reconstruction projects totaling approximately HK$1 billion after September 30, 2022[16]. Financial Performance - The Group's revenue decreased by approximately HK$87.0 million or approximately 16.2%, from approximately HK$538.4 million for the six months ended September 30, 2021, to approximately HK$451.4 million for the six months ended September 30, 2022[24][28]. - Revenue from building construction services decreased by approximately HK$173.8 million or approximately 35.6%, from approximately HK$488.8 million to approximately HK$315.0 million during the same period[25][29]. - Revenue from RMAA works services increased significantly by approximately HK$86.8 million or approximately 175.0%, from approximately HK$49.6 million to approximately HK$136.4 million[26][30]. - The gross profit decreased by approximately HK$13.4 million or approximately 39.3%, from approximately HK$34.1 million to approximately HK$20.7 million[35]. - The gross profit margin decreased from approximately 6.3% to approximately 4.6%, representing a decrease of approximately 1.7 percentage points[35]. - The net profit of the Group decreased by approximately HK$11.0 million or approximately 80.9%, from approximately HK$13.6 million for the six months ended September 30, 2021 to approximately HK$2.6 million for the six months ended September 30, 2022[49]. - Profit before tax decreased significantly to HK$2,322,000, a decline of 85.5% from HK$15,948,000 in the prior period[135]. - The company reported a profit for the period of HK$2,571,000, compared to HK$13,576,000 in the prior year, marking a decline of around 81.0%[172]. Cost Management - The cost of sales decreased by approximately HK$73.5 million or approximately 14.6%, from approximately HK$504.2 million to approximately HK$430.7 million[32][33]. - The gross profit of building construction services decreased by approximately HK$23.5 million or approximately 63.2%, from approximately HK$37.2 million for the six months ended 30 September 2021 to approximately HK$13.7 million for the six months ended 30 September 2022[36]. - The gross profit margin of building construction services decreased from approximately 7.6% for the six months ended 30 September 2021 to approximately 4.4% for the six months ended 30 September 2022[38]. - The gross profit of RMAA works services was approximately HK$7.0 million for the six months ended 30 September 2022, compared to a gross loss of approximately HK$3.1 million for the six months ended 30 September 2021[41]. Operational Challenges - The COVID-19 pandemic has created challenges, causing delays in raw material delivery and project progress, but the Group has taken measures to maintain construction works[10]. - The management will continuously monitor the pandemic's impact on the Group's business and financial performance[10]. Corporate Governance - The Group's commitment to corporate governance emphasizes transparency, accountability, and independence, with compliance to applicable code provisions[75]. - The Board comprises six directors, including three executive directors and three independent non-executive directors, ensuring compliance with the Listing Rules[86]. - The Group emphasizes transparency, accountability, and independence in its corporate governance practices[81]. - The Chairman and CEO roles are held by Mr. Tsang Ka Yip, which the Board believes is beneficial given his experience and knowledge of the industry[79]. Employee and Staff Costs - The total staff costs (excluding Directors' remuneration) of the Group were approximately HK$45.0 million for the six months ended September 30, 2022, compared to HK$42.8 million for the six months ended September 30, 2021[54]. - The Group's total employee count as of September 30, 2022, was 213 full-time employees, a decrease from 223 full-time employees as of September 30, 2021[57]. - The Group's profit before tax for the six months ended September 30, 2022, included employee benefit expenses of HK$43,387,000, an increase from HK$41,075,000 in 2021[198]. Cash Flow and Liquidity - The Group's current ratio as of September 30, 2022, was approximately 2.2 times, an increase from 2.1 times as of March 31, 2022[60]. - The Group had no outstanding bank borrowings as of September 30, 2022, and lease liabilities amounted to approximately HK$6.6 million, down from HK$7.9 million as of March 31, 2022[65]. - The gearing ratio as of September 30, 2022, was approximately 2.4%, a decrease from 2.8% as of March 31, 2022[68]. - Cash and bank balances decreased to HK$24,574,000 from HK$64,884,000 as of March 31, 2022[137]. - The company reported a net decrease in cash and cash equivalents of HK$37,777,000 compared to HK$78,172,000 in the prior period, showing a reduction in cash outflow[146]. Shareholder Information - The Board has resolved not to declare any interim dividend for the six months ended September 30, 2022, consistent with the previous year[91]. - The company paid dividends amounting to HK$9,536,000 to shareholders during the period, impacting retained earnings[142]. - The company did not purchase, sell, or redeem any shares during the six months ended September 30, 2022[116]. Future Outlook - The management remains prudently optimistic about the prospects of the construction industry in Hong Kong[14]. - The Group plans to invest in building construction-related services to enhance capabilities and provide synergies to existing business[15]. - The Group aims to differentiate itself through building information modeling services, providing creative technical solutions to customers[15].