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依賴該等內容而引致的任何損失承擔任何責任。 本公告由益美國際控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）根 據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)條及香港法例 第571章《證券及期貨條例》第XIVA部項下之內幕消息條文（定義見上市規則）作出。 本公司董事會（「董事會」）謹此通知本公司股東（「股東」）及潛在投資者，根據對 本集團最新截至2025年6月30日止6個月（「中期期間」）未經審核綜合管理賬目（「管 理賬目」）之初步評估及管理層目前可得的其他資料，預期本集團於中期期間將錄 得未經審核綜合虧損不多於港幣約26百萬元，而二零二四年同期則錄得未經審核 綜合溢利約港幣4.5百萬元。 本集團預期虧損主要由於以下因素共同導致： 1. 永久吊船業務下滑 本集團永久吊船業務之銷售量及盈利能力均出現下降，主要歸因於2025年上 半年香港建築業持續低迷。多個建築項目延期至2025年下半年，加上行業活 動萎縮，新項目數量減 ...

公司名稱: 益美國際控股有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01870 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.01 | HKD | | 40,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.01 | HKD | | 40,000,000 | 本月底法定/註冊股本總額： HKD 40,000,000 FF301 致：香港交易及結算所有限公司 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動 ...

Financial Performance - Revenue for the year ended December 31, 2024, was HK$200.634 million, an increase from HK$192.402 million in 2023, representing a growth of approximately 4.3%[11] - Gross profit decreased to HK$48.092 million in 2024 from HK$52.788 million in 2023, resulting in a gross profit margin of 24.0%, down from 27.4%[11] - The Group's net profit decreased to approximately HK$4.3 million, a decline of about 76.9% from HK$18.6 million in 2023, despite a slight revenue increase to approximately HK$200.6 million[34] - The profit margin for the BMU System Business significantly decreased due to challenging market conditions, with segment profit dropping from approximately HK$38.0 million in 2023 to HK$14.7 million[35] - Revenue for the Group increased by 4.3% compared to the previous year, primarily driven by the development of the Green Power Energy Business and the acquisition of Future Energy[40] - The gross profit decreased from approximately HK$52.8 million in 2023 to approximately HK$48.1 million in 2024, with the gross profit margin declining from 27.4% to 24.0%[44] - The net profit for the year significantly decreased from approximately HK$18.6 million in 2023 to approximately HK$4.3 million in 2024, reflecting a decline of about 77%[57] Business Segments - The Green Power Energy Business segment generated approximately HK$42.3 million in revenue and HK$3 million in profit, reflecting a significant increase of approximately 195 times compared to the previous year[14] - The AI + Electricity Trading Business generated approximately HK$19.1 million in revenue in 2024, supported by the acquisition of two electricity sales licenses in Guangdong and Shandong[15] - The Green Power Energy Business turned losses into profits, with revenue increasing from approximately HK$0.2 million in 2023 to approximately HK$42.3 million, and segment profit improving from a loss of approximately HK$3.9 million to a profit of approximately HK$3.0 million[36] Acquisitions and Expansion - Future Energy Auckland Limited contributed more than HK$22.7 million in revenue to the Group after its acquisition in July 2024, with rapid workforce expansion from over 20 to approximately 50 employees[21] - The acquisition of Future Energy Auckland Limited contributed over HK$22.7 million in revenue in the second half of 2024, demonstrating effective integration and rapid growth, with employee numbers increasing from over 20 to approximately 50[24] - The Group plans to expand Future Energy's service network to major cities in New Zealand, including Queenstown, Christchurch, and Wellington, while establishing operations in additional regions[21] - Future Energy plans to expand its service network to major cities in New Zealand, including Queenstown, Christchurch, and Wellington, while establishing operational bases in various regions[24] Financial Management and Strategy - The Group's total borrowings rose to approximately HK$79.7 million as of 31 December 2024, compared to HK$59.7 million in 2023, marking an increase of about 33.5%[61] - The net debt-to-equity ratio increased to approximately 20% as of 31 December 2024, up from 15% in 2023, due to increased borrowings for business development[66] - The Group's monetary assets, including cash and cash equivalents, increased to approximately HK$67.9 million as of 31 December 2024, compared to approximately HK$62.0 million as of 31 December 2023[58] - The income tax expenses decreased from HK$5.7 million in 2023 to HK$3.0 million in 2024, mainly due to a decline in profit before tax from the BMU Systems Business[52] - The finance costs increased to approximately HK$3.5 million in 2024 from approximately HK$2.8 million in 2023, primarily due to an increase in borrowings[51] - The Group's management has adopted a prudent financial management strategy to maintain a healthy liquidity position throughout the year[70] Corporate Governance - The Group is committed to high standards of corporate governance, having adopted the Corporate Governance Code as its own[150] - The Company complied with all applicable code provisions set out in the Corporate Governance Code throughout the year[151] - The Board has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee to oversee specific affairs[160] - The Company has complied with the Listing Rules regarding the appointment of INEDs, ensuring at least one INED has appropriate professional qualifications[162] - The Board diversity policy considers various perspectives, including gender, age, and professional qualifications, to enhance performance[170] Management and Directors - Mr. Yip, appointed as an executive Director, has over 20 years of experience in corporate consulting, risk investment, and private equity investment[104] - Mr. Zhang Guangying was appointed as an executive director on January 18, 2024, bringing over 30 years of experience in the international banking industry[109] - Mr. Zhang served as the deputy chief executive of Nanyang Commercial Bank from November 2017 to May 2023, and held key positions in China Construction Bank[110] - Prof. Lau Chi Pang has been an independent non-executive director since October 18, 2019, providing independent advice to the board[112] - The Company has established a service contract with Mr. Kwan for a term of three years, effective from the listing date, with no director's fee payable but reimbursement for reasonable expenses incurred[100] Workforce and Diversity - The Group's workforce includes 21% female employees as of December 31, 2024, reflecting the Company's commitment to gender diversity[176] - The Company will continue to promote gender diversity in its workforce and review recruitment policies regularly[176] - As of December 31, 2024, the percentage of female employees in the group is 21%[180] Risks and Challenges - The Group's financial performance is significantly affected by weather conditions and regulatory developments in its Green Power Energy business, introducing volatility and uncertainty[97] - The Group's reliance on subcontractors for project completion may lead to operational challenges and financial impacts[97] - The Group's BMU business revenue relies on successful tenders for construction projects, which are non-recurring, posing a risk to future financial results if projects are not secured[91] - The company is subject to risks related to cost overruns due to deviations in estimated and actual project costs[97] - The Group's dependence on key management personnel with relevant expertise is critical for its operations[97]

Financial Performance - Revenue for the year ended December 31, 2024, was HKD 200,634,000, representing an increase of 4.3% from HKD 192,402,000 in 2023[3] - Gross profit decreased to HKD 48,092,000, with a gross margin of 24.0%, down from HKD 52,788,000 and a gross margin of 27.4% in the previous year[3] - Net profit for the year was HKD 4,275,000, a significant decline of 77% compared to HKD 18,631,000 in 2023[3] - Operating profit fell to HKD 10,797,000, down from HKD 27,137,000, indicating a decrease of 60% year-over-year[3] - The construction revenue decreased to HKD 145,523,000 in 2024 from HKD 179,145,000 in 2023, while revenue from renewable energy solutions was HKD 22,728,000, newly introduced in 2024[21] - The group reported a basic earnings per share of 0.71 HKD for the year ending December 31, 2024, down from 3.21 HKD in 2023, representing a decrease of approximately 77.9%[33] - The group reported a net profit of HKD 4,275,000 for the year, down from HKD 18,631,000 in 2023, reflecting a significant decline in profitability[23] - The group's net profit for the year dropped from approximately HKD 18.6 million to about HKD 4.3 million, primarily due to a significant decline in profit margins from the permanent mooring business and increased administrative expenses[65] Assets and Liabilities - Total assets increased to HKD 251,171,000 from HKD 205,916,000, reflecting a growth of 21.9%[5] - Current assets rose to HKD 209,024,000, compared to HKD 202,427,000 in 2023, showing a slight increase of 3.9%[5] - Total liabilities increased to HKD 139,898,000 from HKD 100,154,000, marking a rise of 39.5%[6] - Total liabilities increased to HKD 139,898,000 in 2024 from HKD 100,154,000 in 2023, indicating a rise in financial obligations[24] - Trade receivables decreased to 18,371,000 HKD in 2024 from 34,705,000 HKD in 2023, a decline of 47.1%[39] - Contract assets increased to 87,124,000 HKD in 2024 from 83,394,000 HKD in 2023, reflecting a growth of 4.1%[43] - The total borrowings of the group increased from approximately HKD 59.7 million to about HKD 79.7 million, with interest rates ranging from 3.00% to 5.58%[67] - The net debt-to-equity ratio rose from 15% to approximately 20%, mainly due to increased borrowings for business development purposes[68] - As of December 31, 2024, the group had contingent liabilities of approximately HKD 30.62 million, an increase from HKD 15.33 million in the previous year[77] Expenses and Costs - The company’s administrative expenses rose to HKD 35,375,000 in 2024, compared to HKD 24,267,000 in 2023, reflecting increased operational costs[26] - The group's administrative expenses increased from approximately HKD 24.3 million to about HKD 35.4 million, a rise of approximately HKD 11.1 million, primarily due to increased employee costs and other expenses related to the development of green energy business[62] - The net financial costs rose from approximately HKD 2.8 million to about HKD 3.5 million, attributed to an increase in borrowings[63] - Income tax expenses decreased from HKD 5.7 million to HKD 3.0 million, mainly due to a reduction in pre-tax profits from the permanent mooring business[64] - The total income tax expense for the year was 3,037,000 HKD, a decrease of 47% from 5,735,000 HKD in 2023[30] Business Development and Strategy - The company plans to enhance its green energy business, which includes the development and sales of renewable energy generation and storage systems[19] - The company plans to expand its green power energy business in Southeast Asia, targeting a total installed capacity of 10-20 GW over the next five years[56] - The company established a technology subsidiary in Beijing focused on AI applications in the renewable energy sector, achieving significant results in a national AI power trading competition[53] - The company anticipates continued growth in the green power energy business due to increasing global demand for sustainable solutions[51] - The company is engaged in the design and construction solutions for permanent mooring systems and green energy development, indicating a focus on sustainable energy solutions[7] Acquisitions and Investments - The group completed the acquisition of 51.22% of Future Energy Auckland Limited for 2,100,000 NZD (approximately 10,053,000 HKD) on July 5, 2024[36] - The group reported a net identifiable asset value of 10,053,000 HKD from the acquisition of Future Energy after accounting for non-controlling interests[38] - The company acquired Future Energy in July 2024, which contributed over HKD 22.7 million in revenue in the second half of 2024, demonstrating effective integration benefits[54] Governance and Compliance - The company has adopted corporate governance practices to enhance accountability and protect shareholder interests[82] - The audit committee, composed of three independent non-executive directors, reviewed the audited financial results for the year[89] - The company’s auditor, PwC, confirmed that the financial figures in the preliminary announcement are consistent with the audited financial statements[90] - The annual report for the year will be sent to shareholders and published on the stock exchange and the company's website[91] Shareholder Information - The group did not declare a final dividend for the year, consistent with 2023[31] - The board does not recommend the payment of a final dividend for the year[87] - The annual general meeting is scheduled for June 17, 2025, with a suspension of share transfer registration from June 12 to June 17, 2025[86][88] - The company entered into a placement agreement on March 17, 2025, to issue up to 124,800,000 shares at a placement price of HKD 0.138 per share[80] - The company will hold a special general meeting to consider and approve the subscription agreement with Treasure Ship, involving the issuance of 220,000,000 shares at the same price of HKD 0.138 per share[80] Employment and Workforce - As of December 31, 2024, the group had 133 full-time employees, an increase from 66 employees on December 31, 2023[79]

Group 1: Market Overview - On March 5, the Hong Kong stock market experienced a significant rise, with the Hang Seng Index increasing by 2.84% and the Hang Seng Tech Index rising over 4% [1][5] - Notable individual stock performances included Hua Hong Semiconductor and Xiaomi Group, both rising over 7%, while SMIC and Meituan increased by over 6% [1][5] - Southbound capital saw a net inflow of 8.369 billion HKD throughout the day [5] Group 2: Yimei International Holdings - Yimei International Holdings, an investment holding company, focuses on providing one-stop design and construction solutions for permanent mooring projects, along with developing and selling renewable energy generation and storage systems [2] - For the first half of 2024, Yimei reported a revenue of 83.932 million HKD, a year-on-year increase of 10.91%, but a net profit of 4.624 million HKD, down 53.08% compared to the previous year [2] - The decline in gross and net profit was attributed to reduced profit margins in the permanent mooring business and increased expenses in developing green energy projects [2] Group 3: Green Energy Business Expansion - Yimei's green energy business generated approximately 6.4 million HKD in revenue during the first half of 2024, with successful progress in electricity sales in Guangdong and Shandong provinces [3] - The company obtained a market electricity sales license from the Hunan Power Trading Center in July 2024, aiming to expand its geographical coverage [3] - Yimei plans to continue expanding its electricity sales business into other provinces with mature electricity spot markets [3][4] Group 4: Financial Health - As of June 30, 2024, Yimei's debt-to-asset ratio rose to approximately 59.5%, up from 58.7% at the end of 2023, primarily due to an increase in total borrowings [3] Group 5: Analyst Insights - Analysts suggest that the Hong Kong stock market is transitioning from a "dividend bull" to an "AI bull," with technology companies potentially experiencing a revaluation as they shift from value stocks back to growth stocks [8] - Investment strategies recommend a focus on high elasticity and high dividend yield stocks, particularly in the AI and technology sectors, as well as the semiconductor industry [8][9]

Investment Rating - Investment rating for the company is not explicitly stated in the report, but it suggests investors to pay attention to the opportunities in the green energy business [1]. Core Insights - The company, Yimei International (1870.HK), has shifted focus from engineering to green energy, particularly in the domestic electricity market and overseas photovoltaic projects, with a keen interest in Southeast Asia [1]. - The green energy business is expected to grow rapidly and become a key driver of future performance [1]. - The company has made significant strides in the domestic electricity market, capitalizing on the ongoing market reforms, and has obtained sales licenses in several provinces [1]. - Yimei International has acquired a 51.22% stake in Future Energy Auckland Ltd, enhancing its presence in the renewable energy sector in New Zealand [1]. - The company is actively pursuing opportunities in Southeast Asia, particularly in the Philippines and Vietnam, where government policies support renewable energy growth [1]. Summary by Sections Company Overview - Yimei International was listed on the Hong Kong Stock Exchange in 2019 and has transitioned to focus on green energy business [1]. - The company’s green energy initiatives include domestic electricity sales and overseas renewable energy projects [1]. Financial Performance - In 2023, the company reported a net profit of 2,005 million HKD, with a net profit of 462 million HKD in the first half of 2024 [2]. - The revenue contribution from the green energy business is expected to increase significantly [1]. Market Opportunities - The domestic electricity market has seen a rise in market transactions, increasing from 39% in 2019 to 61.4% in 2023 [1]. - The company plans to expand its sales business in provinces with mature spot markets [1]. - Yimei International has signed memorandums of understanding for renewable energy projects in the Philippines and Vietnam, targeting significant solar and hydropower developments [1].

Revenue and Profit Performance - Revenue for the six months ended June 30, 2024, increased by 10.9% to approximately HK$83.9 million from HK$75.7 million in the same period of 2023[22]. - Profit for the period fell from approximately HK$9.1 million to approximately HK$4.5 million, reflecting a significant decrease in net profit[18][22]. - The Group's revenue for the period was approximately HK$83.9 million, representing an increase of HK$8.2 million or 10.9% compared to approximately HK$75.7 million in the corresponding period of 2023[27]. - The net profit for the period was approximately HK$4.5 million, down from approximately HK$9.1 million in the corresponding period of 2023[34]. - Revenue for the six months ended June 30, 2024, was HK$83,932,000, representing an increase of 10.9% compared to HK$75,678,000 for the same period in 2023[74]. - Profit for the period was HK$4,478,000, down 50.7% compared to HK$9,094,000 for the same period in 2023[102]. Gross Profit and Margins - Gross profit decreased from approximately HK$24.5 million to approximately HK$20.9 million, resulting in a gross profit margin decline from 32.4% to 24.9%[18][22]. - The decrease in gross profit and net profit was primarily due to reduced profit margins in the BMU systems installation and increased expenses related to the Green New Energy Business[22]. - The gross profit decreased to HK$20,872,000, down 15.4% from HK$24,539,000 year-on-year[74]. Business Segments and Operations - The Green New Energy Business generated approximately HK$6.4 million in revenue during the first half of 2024, indicating progress in electricity sales in Guangdong and Shandong Provinces[23]. - The Group's BMU Systems Business faced a decline in the number and profit margin of variation orders received during the period[22]. - The Group's revenue from external customers in Hong Kong was HK$76,196,000 for the six months ended June 30, 2024, up 18.1% from HK$64,529,000 in 2023[100]. - Revenue from the Green New Energy Business was HK$6,359,000 for the six months ended June 30, 2024, compared to HK$102,000 in 2023, indicating a significant increase[102]. Expenses and Financial Management - Administrative expenses increased by approximately 15.7% to approximately HK$12.7 million, compared to approximately HK$11.0 million for the corresponding period in 2023[31]. - The Group's financial performance reflects challenges in maintaining profit margins while expanding into new energy sectors[22]. - The Group's finance costs before income tax were HK$6,323,000 for the six months ended June 30, 2024, compared to HK$11,952,000 in 2023, a decrease of 47.3%[102]. - Total expenses for the six months ended June 30, 2024, amounted to HK$75,804,000, up from HK$62,151,000 in 2023, indicating a significant increase in operational costs[105]. Cash Flow and Liquidity - Cash generated from operations for the six months ended June 30, 2024, was HK$262,000, compared to a cash used in operations of HK$17,825,000 for the same period in 2023[89]. - The company’s cash flow from operating activities showed a significant turnaround, moving from a negative cash flow to a positive cash flow in 2024[89]. - Cash and cash equivalents at the end of the period increased to HK$48,500,000, up from HK$14,300,000 at the end of June 2023[89]. - The Group maintained a healthy liquidity position throughout the period, with surplus cash being invested appropriately[42]. Share Capital and Corporate Governance - As of June 30, 2024, the company had a total of 624,000,000 shares issued[55]. - The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2024, consistent with the previous year[49]. - The company has complied with all applicable code provisions as set out in the Corporate Governance Code[51]. - The company is committed to high standards of corporate governance to enhance corporate value and accountability[51]. Employee and Management Compensation - The Group had a total of 77 full-time employees as of June 30, 2024, an increase from 66 employees as of December 31, 2023[64]. - Wages, salaries, and allowances for key management increased to HK$4,529,000 for the six months ended June 30, 2024, compared to HK$3,643,000 in the same period of 2023, reflecting a growth of approximately 24%[147]. - The remuneration of employees, including Directors, is generally structured by reference to market terms and individual merits[64]. Borrowings and Financial Position - The Group's total borrowings increased to approximately HK$61.1 million as of June 30, 2024, compared to approximately HK$59.7 million as of December 31, 2023[40]. - The Group's gearing ratio rose to approximately 59.5% as of June 30, 2024, up from 58.7% as of December 31, 2023, primarily due to the increase in total borrowings[41]. - Current liabilities increased significantly to HK$96,771,000 from HK$41,991,000, primarily due to a rise in borrowings from HK$3,413,000 to HK$61,124,000[80]. Future Outlook and Strategic Initiatives - The management highlighted the importance of achieving milestones in the Green New Energy Business as a key area of focus moving forward[23]. - The Group remains cautiously optimistic about the long-term prospects of the Hong Kong construction industry despite current market challenges[26]. - The company plans to continue focusing on market expansion and new product development to drive future growth[85].

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 83,932,000, representing an increase of 10.0% compared to HKD 75,678,000 for the same period in 2023[1][2] - Gross profit for the same period was HKD 20,872,000, down 15.4% from HKD 24,539,000, resulting in a gross margin of 24.9%, compared to 32.4% in 2023[1][2] - Profit for the period decreased to HKD 4,478,000, a decline of 50.7% from HKD 9,094,000 in the previous year[1][2] - Operating profit was HKD 7,870,000, down 41.0% from HKD 13,343,000 in the same period last year[2] - The company reported a basic and diluted earnings per share of HKD 0.74, down from HKD 1.58 in the previous year[2] - The company's profit attributable to owners decreased from approximately HKD 9,855,000 (for the six months ended June 30, 2023) to HKD 4,624,000 (for the six months ended June 30, 2024), representing a decline of 53%[18] - Basic earnings per share dropped from HKD 1.58 to HKD 0.74, a decrease of 53%[18] - Net profit fell from approximately HKD 9.1 million to approximately HKD 4.5 million, a decrease of 50.5%[26] Assets and Liabilities - The total assets as of June 30, 2024, were HKD 209,169,000, slightly up from HKD 205,916,000 as of December 31, 2023[4][5] - Current liabilities increased to HKD 96,771,000 from HKD 41,991,000 at the end of 2023, indicating a significant rise in short-term obligations[5] - The total liabilities decreased to HKD 99,586,000 as of June 30, 2024, from HKD 100,154,000 as of December 31, 2023[12] - As of June 30, 2024, the group's total borrowings were approximately HKD 61.1 million, an increase from HKD 59.7 million as of December 31, 2023[37] - The group's debt-to-equity ratio rose to approximately 59.5% as of June 30, 2024, compared to 58.7% on December 31, 2023, due to the slight increase in total borrowings[38] Revenue Sources - Revenue from the Hong Kong market increased to HKD 76,196,000, up 18.1% from HKD 64,529,000 in the previous year[9] - The company achieved approximately HKD 6.4 million in revenue from its green energy business in the first half of 2024[26] - The group’s revenue for the period was approximately HKD 83.9 million, representing an increase of HKD 8.2 million or 10.9% compared to HKD 75.7 million in the same period of 2023[29] Expenses - The company incurred total expenses of HKD 75,804,000 for the six months ended June 30, 2024, compared to HKD 62,151,000 in the previous year, marking an increase of 21.9%[14] - Administrative expenses increased by approximately 15.7% to about HKD 12.7 million, up from HKD 11.0 million in the same period of 2023, mainly due to increased employee benefits related to the development of green renewable energy business[33] - Depreciation expenses for the six months ended June 30, 2024, were HKD 861,000, compared to HKD 756,000 for the same period in 2023, representing an increase of 13.9%[11] Strategic Focus - The company continues to focus on the design and construction solutions for permanent mooring systems and the development of green energy solutions[6] - The company plans to continue focusing on the development and sales of green energy systems, indicating a strategic emphasis on sustainable energy solutions moving forward[11] - The company plans to expand its electricity sales business into other provinces with mature electricity spot markets, such as Shanxi[27] - The group established a new subsidiary focused on the development and application of artificial intelligence technology in the renewable energy sector to diversify its business and seek more investment opportunities[28] Acquisitions and Investments - The group completed the acquisition of a New Zealand company specializing in rooftop solar equipment installation in July 2024, enhancing its capabilities in the renewable energy sector[28] - The company completed the acquisition of a 51.22% stake in Future Energy Auckland Ltd. for NZD 2,100,000, enhancing its presence in the sustainable energy sector[47] Employee and Performance Metrics - The group has 77 full-time employees as of June 30, 2024, representing a 16.7% increase from 66 employees as of December 31, 2023[45] - The group’s performance guarantees amounted to HKD 22,741,000, an increase of 48.3% from HKD 15,326,000 as of December 31, 2023[43] - The group has provided performance guarantee insurance contracts worth HKD 8,484,000 for its green energy business, significantly up from HKD 2,203,000 in the previous period[43] Dividends - The board did not recommend any interim dividend for the period ending June 30, 2023, consistent with the previous period[49]

ESG Governance and Management - The company has established a robust environmental, social, and governance (ESG) governance framework to ensure sustainable development[1]. - The board of directors is fully responsible for overseeing the company's ESG matters and has prioritized management strategies and objectives related to ESG[1]. - An ESG committee and working group have been formed to assist in the supervision and management of ESG initiatives[4]. - The company actively manages ESG issues and promotes sustainable development in daily operations[7]. - Regular reviews of ESG progress and performance are conducted to ensure effective risk management and internal control systems[1]. - The importance assessment process has been conducted to identify significant ESG issues relevant to the organization and its stakeholders[13]. - The company aims to continuously monitor, review, and improve its ESG matters to align with stakeholder efforts[8]. - The company identified 5 high-importance environmental, social, and governance (ESG) issues during the reporting year[22]. - Stakeholder engagement included an online survey assessing the relevance of 17 key ESG issues to the company's operations[17]. - The importance assessment results guide the development of the ESG reporting framework and provide valuable insights for strategic decision-making[17]. - The company is committed to continuous improvement in its ESG management practices through collaboration with stakeholders[24]. Compliance and Risk Management - The company emphasizes compliance management as crucial for smooth daily operations and adheres to the latest ESG-related policies and regulations[26]. - The company is focused on compliance with regulations and preventing any improper practices in its operations[8]. - The company emphasizes compliance with significant laws and regulations affecting its operations, including environmental and social aspects[53]. - The company ensures full compliance with relevant laws and regulations in its operations[53]. - The company has established strict internal control procedures to maintain effective risk management and compliance, encouraging employees to report any potential non-compliance issues[67]. - Regular audits, on-site assessments, and performance evaluations are conducted to maintain effective compliance measures[59]. - The company has implemented a regulatory compliance and licensing management system to ensure adherence to all relevant laws and regulatory standards[57]. - The company has a zero-tolerance policy towards corruption, including bribery and kickbacks[98]. Financial Performance - Revenue for the year ended December 31, 2023, was HKD 192,402 thousand, an increase of 26.4% from HKD 152,215 thousand in 2022[130]. - Gross profit for 2023 was HKD 52,788 thousand, up 40.3% from HKD 37,590 thousand in 2022[130]. - Operating profit increased to HKD 27,137 thousand, representing a 37.0% rise from HKD 19,770 thousand in the previous year[130]. - Profit before tax was HKD 24,366 thousand, a 39.9% increase compared to HKD 17,412 thousand in 2022[130]. - Net profit from continuing operations for 2023 was HKD 18,631 thousand, compared to HKD 12,770 thousand in 2022, marking a 46.5% increase[130]. - Basic and diluted earnings per share from continuing operations were HKD 3.21, up from HKD 2.08 in 2022[130]. - Total comprehensive income for the year was HKD 18,643 thousand, a significant recovery from a loss of HKD 79,785 thousand in 2022[133]. - The company reported a loss from discontinued operations of HKD 92,553 thousand in 2022, which was not present in 2023[130]. - Other income decreased to HKD 3 thousand from HKD 970 thousand in the previous year, indicating a decline of 99.7%[130]. - Administrative expenses rose to HKD 24,267 thousand, an increase of 37.0% from HKD 17,702 thousand in 2022[130]. Employee Welfare and Management - The company has established a framework for managing employee welfare and occupational health and safety[50]. - The company emphasizes a "people-oriented" principle to create a supportive workplace, aiming to retain talent for long-term success[155]. - The company has implemented strict measures to ensure employees are free from forced labor and has not reported any serious violations of child labor or forced labor regulations during the reporting year[171]. - The standard workweek is five and a half days, with overtime compensated according to local laws and regulations[172]. - The company promotes employee social life and well-being through team-building activities and designated relaxation areas[173]. - Future plans include continuing to view talent as a vital asset and supporting the well-being and happiness of existing employees[174]. - The company has a total of 66 employees, with 71% being male and 29% female[156]. - Among the employees, 62% are full-time, while 18% are in middle management and 15% in senior management[164]. - Employee turnover rate is 42.42%, with 28 total employees leaving[177]. - Turnover rate for males is 40.43% and for females is 47.37%[177]. - In China, the turnover rate is 111.11%, indicating a significant loss of employees[177]. - 20 employees participated in training programs, with 38.30% being male and 10.53% female[179]. - Average training hours per employee is 1 hour across all categories[179]. - The company has zero work-related fatalities and reported 4 work injuries during the year[179]. Environmental Initiatives - The company aims to integrate environmental protection measures into its operations and business strategies[182]. - The company launched the "SUNEWTRAL" brand in major markets, focusing on clean energy solutions[184]. - The company is committed to reducing its carbon footprint and managing environmental risks effectively[183]. - The company has eliminated emissions related to vehicle fuel usage since it no longer owns any vehicles following the liquidation of a subsidiary in 2022[57]. - The main source of greenhouse gas emissions comes from electricity consumption in office operations, with additional indirect emissions from waste disposal and business travel[186]. - The company promotes energy efficiency by reminding employees to turn off lights, air conditioning, and electronic devices after work[187]. - Initiatives for a paperless environment include uploading documents digitally and reusing printed paper to reduce physical copies[189]. - The company encourages the use of reusable containers for lunch and provides facilities for cleaning them, aiming to reduce waste[198]. - The company has no significant hazardous waste generation due to the nature of its business and will continue to monitor and manage any hazardous waste responsibly[191]. - The company is committed to reducing waste and fostering an environmentally friendly atmosphere through various measures[200]. Supply Chain Management - The company maintains partnerships with 41 suppliers and subcontractors, with over 70% located in Hong Kong[123]. - The company has implemented a comprehensive supply chain management system covering the entire process from supplier selection to performance evaluation[113]. - The company prioritizes environmentally responsible procurement, favoring suppliers with green certifications when acquiring fixed assets[119]. - The company has established a clear procedure for supplier selection, ensuring thorough assessments of reliability and reputation before any initial cooperation[114]. - The company is developing a vertically integrated supply chain management system to enhance competitiveness and meet diverse customer needs[114]. - The company adheres to high ethical standards in all business transactions, strictly prohibiting any form of bribery or illegal benefit exchange[112]. - The company regularly updates its approved subcontractor and supplier list, ensuring compliance with strict standards[118]. - The company actively encourages suppliers and subcontractors to uphold corporate social responsibility across various operational areas[119]. - The company aims to ensure that its supply chain control policies support sustainable growth and deliver exceptional value to stakeholders[112]. Corporate Governance and Ethics - The company has established a clear policy against receiving gifts or benefits beyond normal business hospitality[75]. - The board of directors achieved 100% participation in anti-corruption training during the reporting year, enhancing employee awareness of anti-corruption policies[75]. - There were no significant violations or legal cases related to corruption involving the company or its employees during the reporting year[74]. - The company emphasizes compliance with sales laws and regulations, ensuring responsible and technologically advanced services throughout the warranty period[71]. - The company has strict confidentiality arrangements with third-party agencies to protect customer and company-related information[70]. - The company is committed to providing appropriate training for employees to enhance the quality of work and services[63]. - The company has established policies and procedures to protect its intellectual property and ensure the originality of trademarks[65]. - The internal quality manual outlines commitments to deliver safe and reliable products and services that meet international quality standards and legal requirements[63]. - The company has not reported any significant violations of product liability laws during the reporting year, indicating strong compliance and operational integrity[63]. - The quality management system is subject to annual management reviews to ensure its ongoing applicability and effectiveness, aligning with the company's strategic direction[61].

Financial Performance - The company reported revenue of HKD 192,402,000 for the year ended December 31, 2023, an increase of 26.4% from HKD 152,215,000 in 2022[9]. - Gross profit for the year was HKD 52,788,000, representing a gross margin of 27.4%, up from 24.7% in the previous year[9]. - Operating profit increased to HKD 27,137,000, compared to HKD 19,770,000 in 2022, reflecting a growth of 37.5%[9]. - Profit from continuing operations was HKD 18,631,000, a significant recovery from a loss of HKD 79,783,000 in the prior year[9]. - Basic and diluted earnings per share from continuing operations were HKD 3.21, compared to HKD 2.08 in 2022[9]. - The company achieved a total comprehensive income of HKD 18,643,000 for the year, recovering from a loss of HKD 79,785,000 in the previous year[28]. - The group reported a profit attributable to owners of continuing operations of HKD 20,046,000 for the year ended December 31, 2023, compared to HKD 13,009,000 in 2022, representing a 54.5% increase[110]. - The basic earnings per share from continuing operations increased to HKD 3.21 in 2023 from HKD 2.08 in 2022, reflecting a growth of 54.3%[110]. - The net profit for the year ended December 31, 2023, was HKD 18,631 thousand, a recovery from a loss of HKD 79,783 thousand in 2022[81]. Assets and Liabilities - Non-current assets increased to HKD 2,824,000, compared to HKD 2,686,000 in 2022, indicating growth in asset base[31]. - Total liabilities rose to HKD 100,154,000 from HKD 75,582,000 in the previous year, reflecting increased borrowing[33]. - Total assets increased to HKD 205,916 million in 2023 from HKD 160,749 million in 2022, representing a growth of approximately 28%[46]. - The total equity attributable to owners of the company rose to HKD 104,742 million in 2023 from HKD 84,677 million in 2022, an increase of approximately 24%[66]. - Trade receivables and warranty receivables totaled HKD 49,267,000 as of December 31, 2023, up from HKD 28,847,000 in 2022, indicating a 71.0% increase[112]. - The company’s contract assets related to permanent floating crane construction contracts amounted to HKD 83,394,000 as of December 31, 2023, after accounting for a loss provision of HKD 963,000[95]. - The total contract liabilities related to the company’s contracts were HKD 3,731,000 as of December 31, 2023, which includes liabilities from green energy contracts[95]. - The group’s debt-to-equity ratio as of December 31, 2023, was approximately 58.7%, compared to 56.3% as of December 31, 2022[151]. Revenue Sources - Revenue from major customers contributing over 10% to total revenue reached HKD 105,483 million in 2023, up from HKD 82,373 million in 2022, indicating a growth of about 28%[55]. - Revenue from continuing operations in Hong Kong decreased to HKD 141,121 million in 2023 from HKD 145,165 million in 2022, a decline of approximately 3%[79]. - The company's construction revenue for the year ended December 31, 2023, was HKD 192,185 thousand, an increase of 27.5% from HKD 150,805 thousand in 2022[80]. - The group recorded a significant decrease in other income from approximately HKD 1.0 million to HKD 3,000, primarily due to the absence of government subsidies received in the previous year[142]. Expenses and Financial Management - The financial cost for the year was HKD 2,771,000, an increase from HKD 2,358,000 in 2022, indicating higher financing expenses[9]. - The group's income tax expense for continuing operations was HKD 5,735 million in 2023, compared to HKD 4,642 million in 2022, reflecting an increase of about 23%[60]. - The company reported a significant increase in administrative expenses, which rose to HKD 24,267 thousand in 2023 from HKD 17,702 thousand in 2022[83]. - The group’s net financial costs increased from approximately HKD 2.4 million for the year ended December 31, 2022, to approximately HKD 2.8 million for the current year, primarily due to increased borrowings[167]. - The group has adopted a prudent financial management strategy to maintain a healthy liquidity position throughout the year[151]. Business Strategy and Future Plans - The company plans to expand its green energy business, focusing on the development and sales of renewable energy generation and storage systems[14]. - The group plans to develop a power spot trading system and diversify its renewable energy business, indicating potential future financing needs to support operational expenditures[140]. - The company plans to closely monitor market conditions and adjust its business strategies to ensure sustainable development in the permanent floating crane business[122]. - The group plans to continue focusing on expanding its green energy business, which reported revenue of HKD 217 thousand in 2023[81]. Corporate Governance and Reporting - The group has confirmed assets and liabilities related to customer contracts, with total contract assets of HKD 83,394,000 and total contract liabilities of HKD 3,731,000 as of December 31, 2023[95]. - The audit committee, consisting of three independent non-executive directors, has reviewed the audited year-end performance and reached a consensus with the company's auditors[188]. - The annual report for the year will be sent to shareholders and published on the stock exchange and the company's website at an appropriate time[190].