Financial Performance - For the year ended December 31, 2022, the total revenue decreased by 6.6% to approximately HKD 357.2 million from HKD 382.3 million in the previous year[8]. - The group recorded a gross profit of approximately HKD 7.3 million, compared to a gross loss of HKD 29.9 million in the previous year[17]. - The net loss attributable to the owners of the company was approximately HKD 1.6 million, a significant improvement from a net loss of HKD 64.8 million in the previous year[17]. - The group's contracting service revenue decreased by approximately 6.6% to about HKD 357.2 million for the year, down from approximately HKD 382.3 million in the previous year[18]. - Gross profit from contracting services increased to approximately HKD 7.3 million, with a gross profit margin of 2.0%, compared to a gross loss of HKD 29.9 million and a gross loss margin of 7.8% in the previous year[18]. - Other income surged by approximately 1,042.9% to about HKD 8.0 million, primarily due to one-time income including government subsidies of about HKD 2.3 million[19]. - The company confirmed an expected credit loss impairment of approximately HKD 6.3 million for the year, compared to HKD 2.9 million in the previous year[17]. - Administrative expenses decreased by approximately 33.1% to about HKD 21.4 million, down from approximately HKD 32.0 million in the previous year due to cost control measures[26]. - Financing costs decreased by 66.6% to about HKD 0.1 million, down from approximately HKD 0.3 million in the previous year[27]. - The group reported a net cash position increase to approximately HKD 44.5 million, up from HKD 5.3 million in the previous year[33]. - The profit attributable to the owners of the company for the year was approximately HKD 1.0 million, a decline from a profit of HKD 40.1 million in the previous year[32]. Strategic Outlook - The company plans to explore various opportunities to maximize shareholder value despite ongoing challenges in the construction industry[9]. - The group aims to conduct a detailed review of its existing operations and financial status to formulate sustainable business plans and strategies for future development[16]. - The company anticipates that the lifting of travel restrictions and social distancing measures will allow for a gradual recovery of operations[14]. - The group expects to improve its financial performance and position over the next few years as material and transportation costs decrease due to China's reopening[14]. - The company intends to leverage expertise in real estate development and financial services to expand its revenue sources[16]. Risk Factors - The construction industry continues to face risks including the spread of COVID-19 variants, rising interest rates, supply chain disruptions, and labor shortages[9]. Corporate Governance - The board has adopted the corporate governance code as per the listing rules and has complied with all applicable provisions during the year ended December 31, 2022[60]. - The board consists of five members, including one executive director and four independent non-executive directors[62]. - The company has implemented a diversity policy for board members, considering various measurable aspects such as gender, age, and professional experience[69]. - The nomination committee reviews the diversity policy annually to ensure its effectiveness and promotes gender diversity at all levels[72]. - The company has established a code of conduct for directors' securities transactions, ensuring compliance with the listing rules[61]. - The board structure is designed to ensure a clear division of responsibilities between the chairman and the CEO, enhancing strategic efficiency[64]. - The company has arranged appropriate insurance to protect directors and senior officers against legal actions arising from corporate activities[67]. - The board held two meetings during the year ending December 31, 2022, with all executive and independent non-executive directors attending both meetings[76]. - The company conducted two annual general meetings in the same period, with most directors attending both, except for one who attended only one[76]. - The audit committee consists of four independent non-executive directors, with the chairman possessing appropriate professional qualifications and accounting experience[86]. - The audit committee's responsibilities include reviewing the independence of external auditors and monitoring the integrity of financial reports before submission to the board[87]. - The company emphasizes continuous professional development for directors, with all participating in relevant training and seminars[82]. - The board is responsible for corporate governance functions, including policy formulation and compliance with legal and regulatory requirements[78]. - Independent non-executive directors are appointed for a term of three years and must be re-elected according to the company's articles of association[80]. - The company has established three board committees: audit committee, remuneration committee, and nomination committee, with their terms of reference available on the stock exchange and company websites[85]. - The company ensures that all directors have access to the company secretary's advice and services to comply with board procedures and applicable rules[78]. - The board receives at least 14 days' notice for regular meetings, allowing sufficient time for directors to prepare[78]. - The audit committee held two meetings during the year ended December 31, 2022, to review and approve financial performance[88]. - The board and audit committee had no disagreements regarding the selection and appointment of external auditors for the year ended December 31, 2022[89]. - The company reviewed its internal control systems, including financial, operational, and compliance monitoring, during the year ended December 31, 2022[90]. - The company reported that there were no meetings held by the remuneration committee during the year ended December 31, 2022[92]. - The remuneration details for senior management members were categorized by salary range, with 4 employees earning between HKD 1,000,001 and HKD 2,000,000, and 1 employee earning between HKD 3,000,001 and HKD 4,000,000[96]. - The board is responsible for establishing and reviewing the internal control system to safeguard shareholder investments and the company's assets[102]. - The company believes that its risk management and internal control systems are adequate and effective as of the year ended December 31, 2022[103]. - The audit committee reviewed the effectiveness of the risk management and internal control systems, covering all significant control measures[103]. - The company has not established an internal audit function, considering its size, nature, and complexity[102]. - The board is committed to timely publishing the financial statements to provide a balanced and understandable assessment of the company's position and prospects[101]. - The external auditor's fees for statutory audit services amounted to HKD 891,000 for the year ended December 31, 2022, down from HKD 1,730,000 in 2021, indicating a decrease of approximately 48.5%[107]. - The total fees paid to external auditors, including non-audit services, were HKD 929,000 for 2022, compared to HKD 1,810,000 in 2021, reflecting a reduction of about 48.7%[107]. - The company has established a policy for handling and disclosing inside information to ensure timely processing and prevent any individual from gaining an unfair advantage in trading[106]. - The risk management and internal control framework has been reviewed by the board and deemed effective and adequate as of December 31, 2022[105]. Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report highlights the company's commitment to sustainable value creation during the reporting period ending December 31, 2022[118]. - The company is committed to managing environmental, social, and governance (ESG) risks through ongoing development and evaluation of its ESG policies[125]. - The company has established a clear direction for integrating ESG measures into its strategic planning to create sustainable value for stakeholders[125]. - The company is focused on balancing operational needs with environmental protection to achieve its business goals[129]. - The total greenhouse gas emissions for the reporting period amounted to 334 tons of CO2 equivalent, representing an increase of approximately 27% compared to the previous reporting period[134]. - Direct emissions (Scope 1) were recorded at 64 tons of CO2 equivalent, while indirect emissions (Scope 2) were 238 tons of CO2 equivalent, and other indirect emissions (Scope 3) were 32 tons of CO2 equivalent[134]. - The company achieved zero emissions for nitrogen oxides (NOx), sulfur oxides (SOx), and particulate matter (PM) during the reporting period due to reduced vehicle usage[132]. - The company has implemented strict monitoring to ensure compliance with environmental regulations, resulting in no significant non-compliance incidents related to emissions[127]. - Key performance indicators for air pollutant emissions were analyzed annually to enhance stakeholder value[125]. - The company has adopted ultra-low sulfur diesel for its machinery and has implemented measures to reduce waste generation[128]. - The company actively engages stakeholders for feedback on its ESG policies and performance[124]. - The company has set goals for waste reduction and is actively taking steps to achieve these targets, demonstrating a commitment to environmental sustainability[178]. - The company monitors its resource usage, including energy and water, and has established efficiency targets to optimize resource consumption[178]. - The company has implemented measures to improve resource efficiency and reduce energy consumption, including encouraging employees to turn off lights and appliances when leaving the office[145]. - The company has not generated any hazardous waste during the reporting period[139]. - The company’s environmental management system is certified to ISO 14001 standards, indicating a commitment to minimizing environmental impact[147]. Employee and Labor Practices - As of December 31, 2022, the total number of employees in the group is 88, with a gender distribution of 74% male and 26% female[154]. - The overall employee turnover rate for 2022 is 1%, with a male turnover rate of 4% and a female turnover rate of 0%[155]. - The group reported a total of 162 workdays lost due to work-related injuries in 2022, a significant decrease from 898 days in 2021[160]. - The group maintains a strict adherence to labor laws, with no reported cases of child or forced labor as of December 31, 2022[165]. - The group has implemented various health and safety measures, including the installation of air purifiers and encouraging vaccination among employees[158]. - The average training hours for general employees in 2022 is 20 hours, with 98% of training hours completed by male employees[164]. - The group has established a robust internal promotion mechanism to enhance employee motivation and career development[154]. - The group emphasizes the importance of employee development, providing various training opportunities to enhance skills and knowledge[161]. - The group conducts annual evaluations of suppliers to ensure compliance with quality and safety standards[167]. - The company has adhered to all relevant laws and regulations regarding employment practices as of December 31, 2022[150]. Community Engagement and Corporate Responsibility - The company encourages employee participation in community welfare initiatives, enhancing stakeholder engagement and understanding of community needs[174]. - Community investment efforts were outlined, focusing on areas such as education, environment, labor needs, health, and culture[188]. Compliance and Ethical Standards - The company has established policies to ensure compliance with relevant laws and regulations regarding service quality and safety, reflecting its commitment to operational integrity[170]. - The company emphasizes the importance of intellectual property protection and has implemented measures to ensure proper usage in contracts with clients and suppliers[170]. - There were no reported cases of non-compliance related to product liability during the year ending December 31, 2022, showcasing effective governance practices[172]. - The company has a zero-tolerance policy towards corruption and fraud, with no complaints received from government agencies regarding non-compliance with anti-corruption laws as of December 31, 2022[173]. - The company has implemented a code of conduct for employees to guide ethical behavior, particularly in areas such as gift acceptance and conflict of interest[173]. Board of Directors and Management - The executive director, Mr. Ng, has extensive experience in building surveying and has been with the company since March 2015, contributing to overall business development and strategic planning[190]. - The independent non-executive director, Mr. Chan, brings over 30 years of experience in the banking and finance industry, enhancing the company's governance[194]. - Mr. Yin Zhiwei has been an independent non-executive director since January 12, 2018, with professional experience in accounting and law[196]. - Mr. Liu Guohui has over 20 years of experience in accounting, auditing, financial advisory, and corporate governance, appointed as an independent non-executive director on January 12, 2018[198]. - Mr. Liu holds a Master's degree in Corporate Governance and Directorship from Hong Kong Baptist University, awarded in November 2014[200]. - Mr. Liu has served in various financial roles, including Chief Financial Officer and Company Secretary at International United Finance Leasing Limited, which was listed on the Hong Kong Stock Exchange in March 2019[198]. - Mr. Yin has been an independent non-executive director of Chuangmei Pharmaceutical Co., Ltd. since December 2015, which is listed on the Hong Kong Stock Exchange[196]. - Mr. Liu has held positions at KPMG, focusing on financial due diligence, corporate restructuring, and financial modeling[198]. - Mr. Liu has been a member of the Hong Kong Institute of Certified Public Accountants since July 2003 and a fellow member of the Association of Chartered Certified Accountants since December 2007[200]. - Mr. Yin graduated with a Bachelor's degree in Accounting from the Hong Kong University of Science and Technology in November 1997[196]. - Mr. Liu has experience in statutory audits and internal control reviews from his tenure at PwC and other firms[198].

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，並明確表示概不會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。 FDB HOLDINGS LIMITED 豐 展 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1826） 截至二零二二年十二月三十一日止年度 的年度業績公告 財務摘要 截至十二月三十一日止年度 二零二二年 二零二一年 變幅(%) 收益（千港元） 357,154 382,273 (6.6%) 毛利╱（損（）千港元） 7,331 (29,916) 不適用 持續經營業務的除稅前虧損（千港元） (1,588) (64,830) 97.6% ‧ 截至二零二二年十二月三十一日止年度，本集團的持續經營業務收益 較截至二零二一年十二月三十一日止年度減少約25.1百萬港元或約6.6% ...

FDB Holdings Limited 豐展控股有限公司 (Incorporated in the Cayman Islands with limited liability) Stock Code 股份代號：1826 （於開曼群島註冊成立的有限公司） Interim Report 中期業績報告 2022 公司資料 2-3 财務摘要 4 簡明綜合損益及其他全面收入表 5-6 簡明綜合財務狀況表 7-8 簡明綜合權益變動表 9 簡明綜合現金流量表 10-11 簡明綜合財務報表附註 12-28 29-37 管理層討論及分析 權益披露 38-44 中期業績報告2022 · 豐展控股有限公司 1 公司資料 | --- | --- | |-----------------------|--------------------------| | | | | | | | 董事會 | 審核委員會 | | 執行董事： | 劉國輝先生(主席) | | | 陳玉生先生 | | 吳建韶先生 | 尹智偉先生 | | (主席兼行政總裁) | 薪酬委員會 | | 獨立非執行董事： | 吳建韶先生(主席) | | 陳玉生先生 | 尹智信先 ...

Financial Performance - Total revenue for the year ended December 31, 2021, decreased by 7.2% to approximately HKD 382.3 million from approximately HKD 411.9 million in the same period of 2020[6]. - The company achieved a net profit of approximately HKD 41.4 million, compared to a net loss of approximately HKD 429.5 million in the same period of 2020[6]. - The company reported a revenue decrease of approximately HKD 29.6 million or 7.2% to about HKD 382.3 million for the year ended December 31, 2021, compared to HKD 411.9 million in 2020[25]. - The company recorded a gross loss of approximately HKD 29.9 million for the year, compared to a gross loss of HKD 9.1 million in the previous year, resulting in a gross loss margin of 7.8%[26]. - The company incurred a net loss attributable to owners of approximately HKD 64.8 million for the year, compared to a net loss of HKD 60.1 million in 2020[25]. - The group recorded a profit of approximately HKD 106.3 million from discontinued operations, compared to a loss of HKD 369.4 million in 2020, mainly due to gains from the sale of subsidiaries[43]. - The group reported a profit attributable to owners of approximately HKD 40.1 million for the year, a significant improvement from a loss of HKD 245.0 million in 2020[43]. - The group recognized impairment losses of approximately HKD 1.5 million and HKD 1.6 million for trade receivables and contract assets, respectively, compared to HKD 123.2 million and HKD 6.1 million in 2020[37]. - The company confirmed an expected credit loss impairment of approximately HKD 2.9 million for the year, down from HKD 20.2 million in 2020[25]. - Other income for the year was approximately HKD 0.7 million, a decrease of about 89.8% from HKD 6.6 million in 2020, primarily due to one-time income from the Hong Kong Employment Support Scheme[27]. Business Operations and Strategy - The company terminated its construction consulting business and sold a subsidiary in February 2021 to consolidate its operations and enhance competitiveness in the construction industry[7]. - Following a change in control in April 2021, the company is restructuring its internal management to better utilize its management team's talents and market experience[7]. - The company plans to change its name to mark the new era following the change in control and will continue to seek business and investment opportunities for long-term growth[8]. - The construction division primarily provides contracting services for renovation, maintenance, specialized engineering, and new development projects in Hong Kong[13]. - The financial division, which provided financial information and technology services in China, ceased operations following the change in control[14]. - The company has terminated its financial division operations following the sale of subsidiaries, which will allow for more effective resource allocation[18]. - The company intends to conduct a detailed review of its existing operations and financial status to formulate sustainable business plans for future development[23]. - The company has no significant investment or capital asset plans as of December 31, 2021, but will continue to seek business and investment opportunities for long-term growth[53]. Shareholder and Corporate Governance - The company has undertaken a change in controlling shareholders, with Masterveyor Holdings Limited becoming the major shareholder as of April 26, 2021[15]. - The company has proposed a name change to FDB Holdings Limited, effective April 12, 2022, symbolizing a new era following the change in control[20]. - The company has adopted the corporate governance code as per the listing rules and has complied with all applicable provisions during the year ended December 31, 2021[99]. - The board consists of four members, including one executive director and three independent non-executive directors[101]. - The company has separated the roles of Chairman and CEO to ensure clear division of responsibilities and balanced power distribution[103]. - The company has established three board committees: Audit Committee, Remuneration Committee, and Nomination Committee, with their written terms of reference available on the stock exchange and the company's website[127]. - The Audit Committee consists of three independent non-executive directors, ensuring compliance with listing rules and corporate governance codes[128]. - The company has not identified any instances of non-compliance with the standards for securities trading by directors during the year ended December 31, 2021[100]. - The company has arranged appropriate insurance to protect directors and senior officers against legal actions arising from corporate activities[106]. Legal and Compliance Issues - The company is currently involved in a legal case regarding the sale of equity instruments measured at fair value through other comprehensive income, which is still ongoing[75]. - The company received a statutory demand for repayment of HKD 14,148,825 from Gentle Soar, claiming amounts paid to the company between August 15, 2018, and May 18, 2021[78]. - The High Court allowed the termination of legal proceedings related to the statutory demand after Gentle Soar withdrew the demand[80]. - Gentle Soar filed a winding-up petition against the company's subsidiary, claiming the same amount of HKD 14,148,825, which is not expected to have a significant negative impact on the group's overall financial and operational situation[83]. - The independent auditor's report for the year ended December 31, 2021, did not express an opinion on the consolidated financial statements due to insufficient audit evidence regarding certain receivables and tax liabilities[86]. - The company completed the sale of Shanghai Feiyu Group on March 30, 2021, which addressed the issues related to receivables and tax liabilities[87]. - The company believes that the issues leading to the auditor's disclaimer of opinion for 2021 have been satisfactorily resolved[96]. Environmental Performance - The company reported a significant reduction in emissions, with nitrogen oxides (NOx) dropping from 11.49 kg in 2020 to 0 kg in 2021, and sulfur oxides (SOx) decreasing from 0.21 kg to 0 kg[182]. - Total greenhouse gas emissions amounted to 264 tons of CO2 equivalent in 2021, a 59% increase in emissions from the construction division compared to the previous reporting period[185]. - The company has implemented strict monitoring to ensure compliance with environmental regulations, with no significant non-compliance incidents reported[176]. - The company aims to balance operational needs with environmental protection by using effective resources and reducing pollutants[179]. - The company has adopted ultra-low sulfur diesel for machinery and has prohibited open burning on all construction sites[177]. - The company’s environmental, social, and governance (ESG) policies are continuously developed and assessed to enhance stakeholder value[173]. - The company’s waste management practices comply with the Waste Disposal Ordinance, ensuring proper handling of construction site waste[186]. - The company has committed to using environmentally friendly cleaning energy and reusing materials to minimize waste[181]. - The total harmless waste generated in 2021 was 6,630 tons, a decrease of 18.5% from 8,130 tons in 2020[190]. - The amount of construction waste sent to landfill decreased from 1,292 tons in 2020 to 1,128 tons in 2021, a reduction of 12.7%[190]. Resource Management - The company has implemented measures to improve resource efficiency and reduce energy consumption in operations[192]. - Total electricity consumption increased significantly to 318,753 kWh in 2021 from 157,846 kWh in 2020, representing a 102.1% increase[195]. - Water consumption rose to 4,158 cubic meters in 2021 from 144.2 cubic meters in 2020, marking a substantial increase of 2,889.4%[195]. - The electricity density per employee per day increased to 7.66 kWh in 2021 from 2.177 kWh in 2020[195]. - The water density per employee per day increased to 0.1 cubic meters in 2021 from 0.060 cubic meters in 2020[195]. - The company has developed an environmental management system certified to ISO 14001 standards[198]. - The company continues to monitor and reduce its greenhouse gas emissions primarily from electricity and water consumption[199].

Financial Performance - For the six months ended June 30, 2021, the revenue from continuing operations was approximately HKD 123.2 million, a decrease of about HKD 64.2 million or 34.3% compared to the same period in 2020[27]. - The profit attributable to owners of the company from continuing operations was approximately HKD 70.3 million, compared to a loss of HKD 99.8 million for the same period in 2020[27]. - The profit from discontinued operations was approximately HKD 5.1 million, an increase of about HKD 4.6 million or 874.8% compared to the same period in 2020[27]. - The gross loss for the six months ended June 30, 2021, was HKD 11.4 million, a reduction of 45.2% from HKD 20.9 million in the same period in 2020[27]. - The company reported a pre-tax profit of HKD 71.6 million for the period, compared to a pre-tax loss of HKD 169.5 million in the same period in 2020[33]. - The total comprehensive income for the period was HKD 57.9 million, compared to a total comprehensive loss of HKD 158.5 million in the same period in 2020[33]. - The profit attributable to the company's owners for the six months ended June 30, 2021, was HKD 75,423,000, compared to a loss of HKD 99,250,000 in the same period of 2020, representing a significant turnaround[35]. - Basic earnings per share from continuing operations was HKD 5.3, compared to a loss of HKD 7.5 in the previous year, indicating improved profitability[35]. - The company reported a total comprehensive income of HKD 57,857,000 for the period, compared to a total comprehensive loss of HKD 158,549,000 in the prior year[35]. Operational Efficiency - The company continues to focus on improving operational efficiency and exploring new market opportunities[27]. - The administrative expenses for the period were HKD 921,000, a decrease from HKD 132.9 million in the same period in 2020[33]. - The company plans to continue focusing on market expansion and new product development to sustain growth momentum in the upcoming periods[41]. Assets and Liabilities - Total assets as of June 30, 2021, amounted to HKD 267,913,000, while total liabilities were HKD 183,000,000, resulting in a net asset position of HKD 84,913,000[39]. - Non-current liabilities increased to HKD 3,010,000 from HKD 1,570,000 year-over-year, primarily due to higher lease liabilities[40]. - The company’s equity attributable to owners increased to HKD 84,970,000 from HKD 2,316,000, reflecting a strong recovery in financial performance[40]. - The company’s total liabilities to total assets ratio improved, indicating a stronger balance sheet and reduced financial risk[39]. - The company’s total liabilities decreased significantly, reflecting a strategic focus on reducing debt and improving liquidity[54]. Cash Flow - Cash and cash equivalents as of June 30, 2021, were HKD 26,277,000, contributing to a healthy liquidity position[39]. - The net cash used in operating activities was HKD (19,482) thousand, a significant decrease from HKD (116,736) thousand in the previous period[51]. - The net cash generated from investing activities was HKD 27,787 thousand, compared to HKD 44,811 thousand in the previous period[53]. - The cash and cash equivalents increased by HKD 2,826 thousand, contrasting with a decrease of HKD (121,013) thousand in the previous period[53]. - The company’s financing activities resulted in a net cash inflow of HKD 26,277 thousand, compared to a net outflow of HKD (5,479) thousand in the previous period[53]. Receivables and Payables - The company reported a decrease in trade receivables and other receivables by HKD 11,177 thousand, while trade payables and other payables decreased by HKD (11,760) thousand[51]. - Trade receivables as of June 30, 2021, amounted to HKD 41,443,000, a decrease of 40.3% from HKD 69,372,000 as of December 31, 2020[170]. - The expected credit loss provision for trade receivables was HKD 2,151,000, significantly lower than HKD 292,513,000 in the previous year[170]. - The total amount of trade payables as of June 30, 2021, was HKD 15,580,000, a decrease from HKD 36,405,000 as of December 31, 2020[180]. - The company reported a significant reduction in expected credit loss provisions across various receivables, indicating improved credit risk management[170]. Dividends and Shareholder Returns - The board of directors did not recommend the payment of any interim dividend for the period[27]. - The company did not declare any dividends for the interim period, consistent with the previous year[145]. Discontinued Operations - The company has terminated its construction consulting services and sold several subsidiaries engaged in financial information and technology services during the reporting period[54]. - The company recorded a significant reduction in losses from discontinued operations, with a profit of HKD 5,147,000 compared to a loss of HKD 528,000 in the previous year[35]. - The company reported a profit from discontinued operations of HKD 5,147 thousand, compared to HKD 528 thousand in the previous year, representing an increase of approximately 876%[148]. Employee Costs - The company’s total employee costs amounted to HKD 28,801,000 for the six months ended June 30, 2021, down from HKD 46,027,000 in the previous year[118]. - The total employee costs amounted to HKD 2,107 thousand, a decrease from HKD 13,571 thousand, reflecting a reduction of approximately 84%[125].

Financial Performance - The company's revenue decreased by 63.4% from approximately HKD 1,293.3 million in 2019 to about HKD 473.9 million in 2020[6] - The gross loss recorded for the year was approximately HKD 10.0 million, compared to a gross profit of about HKD 585.6 million in the previous year[6] - The net loss for the year was approximately HKD 429.5 million, a significant decline from the net profit of HKD 116.6 million in 2019[6] - The group's revenue decreased by approximately HKD 819.4 million or 63.4% to about HKD 473.9 million due to the economic slowdown in China and Hong Kong, along with the impact of COVID-19[33] - The group recorded a gross loss of approximately HKD 10.0 million compared to a gross profit of HKD 585.6 million in the previous year[33] - The net loss for the period was approximately HKD 429.5 million, compared to a net profit of HKD 116.6 million in the previous year[33] - The company reported a loss attributable to owners of approximately HKD 245.0 million for the year, compared to a profit of HKD 20.6 million in 2019[56] - The total comprehensive loss attributable to owners for the year was approximately HKD 230.9 million, compared to a total comprehensive loss of HKD 4.2 million in 2019[56] - The main reasons for the losses included a decrease in revenue from financial information and technology services and an impairment loss of approximately HKD 311.1 million recorded during the year[56] Business Strategy and Operations - The company plans to reposition its lending business in response to new regulations and will continue to monitor policy developments in China[8] - The construction division faced significant impacts due to tightened credit limits, leading to a decline in revenue and the sale of two non-core subsidiaries[10] - The company aims to streamline its structure by divesting non-core businesses to strengthen its financial position[10] - Future strategies will focus on the Chinese market while maintaining a solid foundation in the Hong Kong construction sector[10] - New business initiatives include expanding platform services to consumer debt management, which is expected to improve cash flow and liquidity[8] - The company is considering acquisitions and mergers to accelerate business development when sufficient financial resources are available[7] - The group plans to expand its business model to provide debt restructuring solutions for borrowers facing financial difficulties, aiming to reduce credit risk and improve cash flow[30] - The group has initiated a one-stop consumer debt management service platform to act as a financial intermediary, which is expected to enhance its service offerings[30] Financial Position and Liquidity - Current liabilities net amounted to approximately HKD 16.8 million, a significant decrease from net current assets of HKD 356.3 million in 2019[19] - The company is actively seeking further financing options, including shareholder loans and bank borrowings, to improve liquidity[19] - The company received written confirmation from its controlling shareholder to provide financial support for the next 18 months[19] - The company plans to consider selling loss-making non-core businesses and/or financial assets if necessary[19] - The expected credit loss impairment (net of reversals) was approximately HKD 311.1 million, up from HKD 208.0 million in the previous year[33] - The company has made full provisions for uncollected receivables and is exploring methods to recover these amounts, including legal actions[14] - The company is pursuing legal action to recover approximately RMB 71.6 million in unpaid fees from a client in the financial information and technology services sector[44] Corporate Governance - The company did not comply with the corporate governance code regarding the separation of the roles of Chairman and CEO during the year[93] - The board has adopted a diversity policy, considering various measurable factors such as gender and age in board member selection[99] - The company has committed to maintaining high standards of corporate governance and regularly reviews its policies and practices[95] - The board held 14 meetings during the year ended December 31, 2020, with attendance records showing that all non-executive directors attended all meetings[106] - The company conducted two shareholder meetings in the same period, with all executive directors attending both meetings[107] - The board has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, with their terms of reference available on the stock exchange and the company's website[115] - The Audit Committee consists of three independent non-executive directors, ensuring compliance with listing rules and corporate governance codes[116] - The company has implemented a risk management framework that includes a three-line defense model to identify and manage risks effectively[137] Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report highlights the company's commitment to sustainable practices and compliance with relevant regulations during the reporting period ending December 31, 2020[150] - Key environmental issues identified include emissions and resource consumption, while social issues focus on employee welfare and occupational health and safety[154] - The company has established key performance indicators for environmental, social, and governance data analysis to enhance stakeholder value annually[156] - The company reported a total greenhouse gas emission of 181 tons of CO2 equivalent for the reporting period, a decrease of approximately 58% compared to the previous period's 430 tons[165] - The company has implemented strict monitoring to ensure compliance with environmental regulations, resulting in no significant non-compliance incidents reported during the year[158] - The company has committed to integrating environmental, social, and governance (ESG) measures into its strategic planning to enhance stakeholder value[156] Employee and Labor Practices - The total number of employees as of December 31, 2020, is 207, with a gender distribution of 61% male and 39% female[182] - Over 75% of employees are classified as general staff, while 16% are in management positions and 5% are technical staff[183] - The overall employee turnover rate is 21.4%, significantly increased due to the economic impact of COVID-19 on the financial information and technology services division[190] - The company has implemented a mandatory contribution of 5% of all salary levels to the MPF scheme for Hong Kong employees as part of retirement benefits[182] - The company provides paid annual leave and public holidays in addition to statutory holidays[182] - The company has a policy to prioritize internal promotions to enhance employee motivation[180]

Financial Performance - The company's revenue for the six months ended June 30, 2020, was approximately HKD 213.6 million, a decrease of about HKD 427.3 million or 66.7% compared to the same period in 2019[33]. - The loss attributable to the company's owners for the same period was approximately HKD 99.3 million, compared to a profit of HKD 86.1 million in the prior year[33]. - The gross loss for the period was HKD 17.6 million, compared to a gross profit of HKD 353.7 million in the previous year[33]. - The total comprehensive loss for the period was HKD 158.5 million, compared to a total comprehensive income of HKD 165.6 million in the same period last year[39]. - Basic loss per share for the period was HKD 7.5 cents, compared to HKD 7.0 cents in the prior year[39]. - The company reported a pre-tax loss of HKD 168,940 million for the six months ended June 30, 2020, compared to a profit of HKD 248,774 million in the same period of 2019[56]. - The company recorded a net loss of approximately HKD 152.8 million for the six months ended June 30, 2020, compared to a net profit of HKD 182.2 million in 2019[68]. - The group reported a decrease in performance guarantee amounts to approximately HKD 19,268,000 as of June 30, 2020, from HKD 40,208,000 as of December 31, 2019, indicating a reduction of about 52%[145]. Revenue Sources - The company's main revenue sources include construction consulting services and project management[74]. - Total revenue for the six months ended June 30, 2020, was HKD 213,581,000, a decrease from HKD 640,857,000 for the same period in 2019[89]. - The construction services segment generated revenue of HKD 172,119,000, while the consulting services segment contributed HKD 26,196,000, and the financial information and technology services segment brought in HKD 15,266,000[89]. - The financial information and technology services segment experienced a significant loss of HKD 127,975,000, while the consulting services segment achieved a profit of HKD 2,853,000[89]. - The financial information and technology services segment's revenue decreased by approximately HKD 427.9 million or 96.5% to about HKD 15.3 million, down from HKD 443.2 million in 2019[176]. Expenses and Losses - The company reported a significant increase in administrative expenses, totaling HKD 47.6 million compared to HKD 46.7 million in the previous year[38]. - Impairment losses, net of reversals, amounted to HKD 133.1 million, compared to HKD 57.0 million in the prior year[38]. - The company experienced a decrease in cash and cash equivalents of HKD 121,013 million during the reporting period[58]. - The company recorded a significant decline in reserves from HKD 244,931 million to HKD 141,823 million[44]. - The gross profit for consulting services decreased by approximately HKD 4.1 million or 55.4% to about HKD 3.3 million, with a gross profit margin dropping to 12.5% from 28.1% in 2019[172]. Assets and Liabilities - Non-current assets totaled HKD 104,425 million, with property, plant, and equipment valued at HKD 3,514 million and intangible assets at HKD 5,266 million[43]. - Current assets amounted to HKD 889,727 million, with trade receivables and other receivables at HKD 512,152 million, and cash and cash equivalents at HKD 171,039 million[43]. - Current liabilities reached HKD 533,381 million, with trade payables and other payables totaling HKD 297,754 million and tax liabilities at HKD 123,083 million[43]. - The total equity attributable to owners of the company decreased to HKD 155,143 million from HKD 258,251 million year-on-year[44]. - The group’s total liabilities decreased to HKD 183,117,000 as of June 30, 2020, from HKD 297,754,000 as of December 31, 2019, indicating a reduction of about 38%[129]. Strategic Initiatives - The company is focusing on restructuring and strategic initiatives to improve future performance[32]. - The company is actively negotiating with stakeholders for additional financing, including shareholder loans and bank borrowings, to improve liquidity[68]. - The company is implementing cost control measures and expediting receivables management to achieve positive operating cash flow[68]. - The company is considering the sale of non-core businesses and/or financial assets if necessary[68]. - The company plans to focus on expanding its consulting and financial technology services to improve profitability in the upcoming periods[90]. Market Conditions and Future Outlook - The company has faced significant operational impacts due to the COVID-19 pandemic, leading to a decrease in financial information and technology service usage, with a notable decline in consumer financing and small and medium-sized enterprises[168]. - The board anticipates that the implementation of a one-stop bad debt management service platform will improve cash flow and liquidity, reducing reliance on the Chinese consumer market[168]. - The company is closely monitoring market conditions and will adjust strategies as necessary to ensure timely access to funding from stakeholders[168]. - The financial technology sector in China has seen a significant increase in adoption rates, with small and medium-sized enterprises having the highest adoption rate at 61%[165]. - The board believes that the ongoing diversification of business and revenue sources will help the company leverage new opportunities for growth[157].

Financial Performance - Total revenue increased by approximately HKD 644.8 million or 99.4% to about HKD 1,293.3 million for the year ended December 31, 2019, compared to approximately HKD 648.5 million for the previous year[8]. - Profit attributable to owners of the company decreased by approximately HKD 11.5 million or 35.8% to about HKD 20.6 million for the year ended December 31, 2019, down from approximately HKD 32.1 million[8]. - Revenue from contracting services decreased by approximately HKD 30.6 million or 5.9% to about HKD 489.1 million, attributed to a reduction in the number of major contract projects[19]. - Revenue from financial-related information and technology services surged by approximately HKD 674.8 million or 939.8% to about HKD 746.6 million, as the company expanded its market share[20]. - Gross profit increased by approximately HKD 476.6 million or 437.2% to about HKD 585.6 million, with the gross profit margin rising from approximately 16.8% to 45.3%[21]. - Administrative expenses rose by approximately HKD 68.0 million or 173.5% to about HKD 107.2 million, mainly due to depreciation of right-of-use assets and increased employee costs[28]. - The group's income tax expense increased from approximately HKD 17.3 million for the year ended December 31, 2018, to approximately HKD 97.6 million for the year ended December 31, 2019, representing an increase of about 464.2%[32]. - The total comprehensive income attributable to the company's owners decreased from approximately HKD 26.8 million for the year ended December 31, 2018, to a loss of approximately HKD 4.2 million for the year ended December 31, 2019[33]. Business Strategy and Development - The company is actively seeking various business opportunities to diversify its existing construction business in Hong Kong and explore new markets in China with significant growth potential[9]. - The company aims to enhance its position in the Hong Kong market by attracting larger corporate clients and bidding for capital-intensive projects[10]. - The company is considering asset sales, acquisitions, business restructuring, and fundraising to enhance its long-term development potential[11]. - The company continues to diversify its business and revenue sources to leverage new opportunities and enhance shareholder value[16]. - The company anticipates gradual improvement in operations post-COVID-19, despite initial economic fluctuations due to the pandemic[17]. Corporate Governance - The company maintained compliance with all applicable code provisions of the Corporate Governance Code during the year ended December 31, 2019[57]. - The board of directors consisted of six members as of December 31, 2019, including three executive directors and three independent non-executive directors[59]. - The company has established a mechanism to handle significant conflicts of interest among major shareholders or directors[83]. - The company has a structured process for the appointment and re-election of directors, ensuring compliance with its articles of association[84]. - The audit committee is responsible for monitoring the integrity of financial reports and ensuring compliance with accounting standards and listing rules[94]. Environmental Impact - The company reported a total greenhouse gas emission of 430 tons of CO2 equivalent for the year ending December 31, 2019, down from 680 tons in 2018, representing a reduction of approximately 36.76%[140]. - The company has implemented waste management measures and did not generate any hazardous waste during the reporting period[141]. - The company actively seeks to minimize negative environmental impacts and has adopted emission control measures, including the use of ultra-low sulfur diesel[137]. - The company achieved ISO 14001 certification for its environmental management system, demonstrating compliance with international environmental standards[150]. - The company has complied with the environmental, social, and governance reporting guidelines as of December 31, 2019[135]. Employee and Workforce Management - Employee count rose to 567 in 2019 from 475 in 2018, marking an increase of approximately 19.4%[155]. - Employee turnover rate significantly increased to 63% in 2019 from 12% in 2018, indicating a substantial rise in employee departures[157]. - The company emphasizes the importance of employee development, allocating sufficient resources for training and encouraging participation in both internal and external training programs[166]. - The number of female employees increased to 230 in 2019, accounting for 41% of the total workforce, compared to 211 female employees (44%) in 2018[155]. - Total training hours for female employees in management increased from 40 hours in 2018 to 56 hours in 2019, while male management training hours rose from 296 to 148 hours[166]. Stakeholder Engagement - The company has established multiple channels for communication with shareholders and investors, including annual meetings and a dedicated website[132]. - The company is committed to stakeholder engagement to understand their needs and expectations through various communication channels[136]. - The company actively participates in community investment, particularly in supporting education through internship programs for undergraduates[177]. - The company has a strong commitment to corporate social responsibility, engaging in charitable donations and community service initiatives[178].

中期業績報告 Interim Report 2019 Dafy Holdings Limited (於開曼群島註冊成立的有限公司) (Incorporated in the Cayman Islands with limited liability) Stock Code: 1826 股份代號: 1826 2019 中期業績報告 INTERIM REPORT 公司資料 | --- | --- | |----------------------------------------------------------------|------------------------------------------------------------------------------------| | 董事曾 | 審核委員會 | | 執行董事： | 劉國焯先生(主席) 陳玉生先生 | | 高雲紅先生(主席) 图欣先生 | 尹智偉先生 | | 馮雪蓮女士 (於二零一九年一月二十四日獲委任) | 薪酬委員會 尹智偉先生(主席) | | 吳建韶先生(行政總裁) 齊剛先生 （於二零一九年一月二十四日辭任） | 高雲紅先生 ...

【达飞控股 TD Dafy Holdings Dafy Holdings Limited 達飛控股有限公司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code : 1826 股份代號 : 1826 ANNUAL REPORT 18 目錄 公司資料2–3 | --- | |-------------------------------| | | | | | 董 事 及 高 級 管 理 層 履 歷 | | 董 事 會 報 告 | | 獨 立 核 數 師 報 告 | | 綜 合 損 益 及 其 他 全 面 收 | | 綜 合 財 務 狀 況 表 | | 綜 合 權 益 變 動 表 | | 綜 合 現 金 流 量 表 | | 綜 合 財 務 報 表 附 註 | | 財 務 摘 要 | | | 4 6– 14– 告30– 39– 44– 56– 入表 62– 65– 67–1 1 主席報告–5 管理層討論及分析13 企業管治報告29 環境、社會及管治報38 43 55 60 61 63 64 66 ...