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依賴該等內容而引致的任何損 失承擔任何責任。 HANG YICK HOLDINGS COMPANY LIMITED 恒 益 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1894） 截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月 的 中 期 業 績 公 告 恒益控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈本公司 及 其 附 屬 公 司（統 稱「本 集 團」）截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月（「報 告期」）的未經審核中期業績，連同截至二零二二年九月三十日止六個月 的比較數字。 ...

Corporate Governance - The company has appointed two new directors, Mr. He Zhi Yuan and Mr. Liang Fu Shun, on January 18, 2023[5]. - The board recognizes the importance of gender diversity and will continue to seek female candidates to enhance board diversity[1]. - The company has established a new board of directors effective September 14, 2022, following the resignation of previous directors[134]. Business Strategy - The company plans to focus on the construction business in Hong Kong, benefiting from government housing and infrastructure stimulus plans, which aim to build 330,000 public housing units over the next ten years[16]. - The company is working on improving its operations to minimize environmental pollution[126]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of up to HKD 300 million earmarked for potential mergers and acquisitions[161]. - Market expansion plans include entering two new international markets, which are projected to increase overall market share by 5% within the next year[161]. - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on enhancing product features and user experience[161]. Financial Performance - The company reported a loss attributable to owners of HKD 21,707,000 for the year ended March 31, 2023, compared to a profit of HKD 19,678,000 in the previous year, representing a significant decline[77]. - Revenue from continuing operations was HKD 1,758,000, down from HKD 17,795,000 in the previous year, indicating a decrease of approximately 90.1%[77]. - Total comprehensive income attributable to owners was HKD (24,431,000) for the year, compared to HKD 20,507,000 in the previous year, reflecting a substantial drop[77]. - The company reported a significant increase in revenue, achieving a total of HKD 1.2 billion for the fiscal year ending March 31, 2023, representing a year-on-year growth of 15%[161]. - The financial statements reflect a robust financial position, with total assets amounting to HKD 5 billion and a debt-to-equity ratio of 0.5, indicating a healthy balance sheet[161]. Risk Management - The board is responsible for evaluating the nature and extent of risks the company is willing to accept to achieve its strategic objectives[7]. - The company is committed to maintaining effective risk management and internal control systems to manage risks associated with achieving business objectives[7]. - The company acknowledges the significant risks related to environmental, social, and governance factors in its risk management framework[7]. Employee and Training - As of March 31, 2023, the total number of employees is 274, with 248 males and 26 females[23]. - The number of employees injured in occupational accidents increased to 12 from 3 in the previous year, while the number of lost workdays due to injuries was 400[29]. - A total of 192 employees received training, accumulating 1,795.75 hours, resulting in an average training time of 9.35 hours per employee[30]. - The company has implemented a salary adjustment and performance point system for production employees in mainland China to retain talent[25]. - The company has maintained compliance with all applicable health and safety laws, with no fatalities reported due to occupational accidents[29]. Environmental Impact - The total greenhouse gas emissions for the year amounted to 810.02 tons of CO2 equivalent, with a reduction of 7.5% compared to the previous year[130]. - The company planted 50 trees during the year to mitigate its environmental impact[130]. - The company has reduced greenhouse gas emissions and other major air pollutants due to decreased fuel, electricity, water consumption, and packaging usage compared to the year ending March 31, 2022[131]. - The company is committed to monitoring and revising its energy usage and logistics plans to minimize future emissions[131]. - The total amount of non-hazardous solid waste generated was 15.19 tons, with a focus on reducing and recycling waste[43]. Compliance and Policies - The company has established a robust anti-corruption policy, with no significant incidents reported during the year[34]. - The company has implemented a whistleblower policy to ensure transparency and accountability, encouraging employees and stakeholders to report any suspicious activities[167]. - The company has adopted a shareholder communication policy to ensure equal and timely access to information for shareholders, allowing them to exercise their rights and actively participate in company affairs[142]. Operational Efficiency - The company is investing in new technology development, allocating HKD 50 million towards R&D initiatives aimed at improving operational efficiency and product innovation[161]. - The company emphasizes customized products and strict quality monitoring, adhering to relevant regulations[32]. - The company has implemented a policy to limit overtime work to 20 hours per month to promote a healthy work-life balance[25]. Financial Reporting and Accounting - The group has chosen not to distinguish between lease and non-lease components in contracts, accounting for all components as a single lease component[188]. - Depreciation of property, plant, and equipment is calculated using the straight-line method over the estimated useful life, with major annual rates specified[187]. - The cost of inventory is determined using the weighted average method, including appropriate portions of materials, direct labor, and all production overheads[194].

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 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 HANG YICK HOLDINGS COMPANY LIMITED 恒 益 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1894） 截至二零二三年三月三十一日止年度的 年度業績公告 恒益控股有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及其附屬公司（統 稱「本集團」）截至二零二三年三月三十一日止年度（「二零二三年財政年度」）的經審核綜 合財務業績，連同截至二零二二年三月三十一日止年度（「二零二二年財政年度」）的比較 數字如下。 ...

Financial Performance - Revenue for the six months ended September 30, 2022, was HKD 111,401,000, representing a 1.6% increase from HKD 109,666,000 in the same period last year[2]. - Gross profit decreased by 40.0% to HKD 16,449,000, down from HKD 27,424,000, resulting in a gross margin of 14.8% compared to 25.0%[2]. - Profit attributable to owners of the company was HKD 6,399,000, a decline of 46.9% from HKD 12,046,000 in the previous year[2]. - Basic and diluted earnings per share decreased to 0.8 cents from 1.6 cents, a reduction of 0.8 cents[2]. - Total comprehensive loss for the period was HKD 2,366,000, compared to a total comprehensive income of HKD 12,929,000 in the previous year[6]. - The company reported a profit before tax of HKD 7,272,000 for the six months ended September 30, 2022, compared to HKD 14,209,000 for the same period in 2021, representing a decrease of 48.8%[22]. - Net profit attributable to shareholders decreased from approximately HKD 12.0 million to about HKD 6.4 million, a reduction of approximately 46.7%[43]. Revenue Breakdown - Revenue from steel and metal engineering services was HKD 96,495,000, down 3.9% from HKD 99,914,000 in the previous year[22]. - Sales of steel and metal products increased significantly to HKD 14,906,000, up 53.5% from HKD 9,752,000 in the prior year[22]. - Total revenue for the reporting period was approximately HKD 111.4 million, an increase of about 1.6% from HKD 109.7 million in the same period last year[43]. Expenses and Costs - Administrative expenses for the period were HKD 12,329,000, slightly lower than HKD 13,801,000 in the previous year[22]. - Direct costs increased by approximately 15.5% to about HKD 95.0 million, up from approximately HKD 82.2 million in the previous year[48]. - Other income and gains amounted to HKD 3,175,000, compared to HKD 859,000 in the prior year, indicating a significant increase[22]. - Other income increased from approximately HKD 0.9 million to about HKD 3.2 million, primarily due to government subsidies received[51]. - Administrative expenses decreased by approximately 10.8% to about HKD 12.3 million, down from approximately HKD 13.8 million[52]. Assets and Liabilities - Non-current assets decreased to HKD 35,264,000 from HKD 44,702,000, primarily due to a reduction in property, plant, and equipment[8]. - Current assets totaled HKD 174,012,000, slightly down from HKD 174,484,000, with inventory decreasing to HKD 23,917,000 from HKD 35,123,000[8]. - Trade receivables increased to HKD 30,438,000 from HKD 24,529,000, indicating improved collection efforts[8]. - Cash and cash equivalents increased to HKD 59,726,000 from HKD 54,989,000, reflecting better liquidity management[8]. - Total liabilities decreased to HKD 20,206,000 from HKD 27,289,000, indicating a reduction in financial obligations[10]. - Trade receivables aged 0 to 30 days increased to HKD 17,442,000 from HKD 8,206,000, indicating improved cash flow management[39]. - The debt-to-equity ratio as of September 30, 2022, was approximately 1.8%, unchanged from March 31, 2022[55]. Corporate Governance and Compliance - The company has appointed forensic accountants to investigate alleged misconduct by certain directors and is implementing corrective actions based on their recommendations[88]. - The company has engaged an independent firm to assist in reviewing internal controls and is enhancing its internal control procedures as per their suggestions[88]. - The company is in the process of publishing all outstanding financial results as required by listing rules, following the completion of audits for the fiscal years ending March 31, 2021, and March 31, 2022[88]. - The company has confirmed compliance with listing rule 13.24 by demonstrating normal business operations in all material aspects[88]. - The company has taken steps to ensure that involved directors no longer hold any positions on the board or in senior management[88]. - The company has suspended trading of its shares since April 22, 2021, and will continue to do so until further notice[94]. - The audit committee, composed entirely of independent non-executive directors, has reviewed and approved the unaudited consolidated financial statements for the reporting period[92]. - The company is committed to providing updates to shareholders and potential investors regarding progress towards meeting the conditions of the resumption guidance[88]. - The company has maintained the required public float as per listing rules as of the announcement date[90]. - The company will publish its interim report on its website after completing the audit process for the relevant financial results[93]. Future Plans and Investments - The company plans to focus on the construction business in Hong Kong, benefiting from government policies aimed at increasing public housing supply by approximately 50% over the next five years[44]. - The group invested approximately HKD 1.3 million in the purchase of properties, plants, and equipment during the reporting period[62]. - As of September 30, 2022, the total amount of contracted but not provided for expenditures related to the acquisition of certain plants and equipment was approximately HKD 0.3 million[64]. - The net proceeds from the global offering amounted to approximately HKD 130.0 million after deducting listing expenses[70]. - As of September 30, 2022, the group had utilized HKD 57.059 million of the net proceeds, with HKD 66.966 million remaining[73]. Risk Management - The group plans to continue monitoring foreign exchange risks and will consider hedging significant foreign exchange risks if necessary[60]. - The group has no significant contingent liabilities as of September 30, 2022[67]. - The group has not been involved in any claims or litigation that would have a significant adverse effect on its business, operating results, or financial condition as of September 30, 2022[66].

Financial Performance - The company's revenue for the six months ended September 30, 2020, was approximately HKD 125.8 million, an increase of about 30.7% from approximately HKD 96.3 million in the corresponding period of 2019[11]. - The gross profit decreased to approximately HKD 10.5 million, down about 59.3% from approximately HKD 25.9 million in the same period last year, resulting in a gross margin drop from 26.9% to 8.4%[18]. - Direct costs increased to approximately HKD 115.3 million, a rise of about 63.8% from approximately HKD 70.4 million in the previous year[14]. - The company's profit attributable to owners decreased to HKD 0.9 million, down from HKD 9.9 million in the same period of 2019, a decline of HKD 9.0 million[23]. - Profit before tax for the period was HKD 1,347,000, a decline of 87.8% from HKD 11,079,000 in the previous year[80]. - Net profit for the period was HKD 878,000, a decrease of 90.2% compared to HKD 8,994,000 in the same period last year[80]. - Total comprehensive income for the period was HKD 3,277,000, down 45.9% from HKD 6,054,000 in the prior year[83]. - The company reported a profit of HKD 988,000 for the period, a decrease from HKD 9,937,000 in the same period last year, representing a decline of approximately 90%[98]. Revenue Breakdown - The revenue from steel and metal engineering services increased to approximately HKD 95.8 million, up about 15.4% from approximately HKD 83.0 million in the previous year[12]. - The revenue from construction services was approximately HKD 20.6 million, with no corresponding revenue in the previous year[13]. - Revenue from steel and metal engineering services was HKD 95,830,000, up from HKD 83,028,000, representing a growth of 15.5%[118]. - Revenue from construction services was HKD 20,622,000, with no revenue reported in the previous year[118]. - Sales of steel and metal products decreased to HKD 9,357,000 from HKD 13,236,000, a decline of 29.1%[118]. Expenses and Costs - Administrative expenses rose to approximately HKD 16.4 million, an increase of about 12.6% from approximately HKD 14.5 million in the previous year[21]. - Financing costs slightly decreased to HKD 892,000 from HKD 894,000 year-on-year[122]. - The company incurred a net cash outflow from investing activities of HKD 13,211,000, compared to a net inflow of HKD 41,230,000 in the previous year, highlighting a shift in investment strategy[99]. Assets and Liabilities - As of September 30, 2020, the group's debt-to-equity ratio was 21.5%, down from 25.9% as of March 31, 2020[24]. - The group's total bank borrowings were approximately HKD 54.3 million as of September 30, 2020, compared to HKD 64.4 million as of March 31, 2020[28]. - The group's cash and bank balances totaled approximately HKD 42.1 million as of September 30, 2020, down from HKD 60.6 million as of March 31, 2020[27]. - The net current assets of the group increased to approximately HKD 157.4 million as of September 30, 2020, from approximately HKD 144.0 million as of March 31, 2020[27]. - The company has a total equity of HKD 248,221,000 as of September 30, 2020, compared to HKD 252,367,000 as of the same date in 2019, showing a slight decrease of approximately 1.5%[98]. - The company’s total liabilities decreased to HKD 85,700,000 from HKD 86,688,000 year-over-year, indicating a reduction in financial obligations[98]. Strategic Developments - The company has expanded its business into the People's Republic of China, providing construction services and real estate development[10]. - The group plans to use the remaining net proceeds for various projects, including expanding its workforce in Hong Kong and China, with a total planned expenditure of HKD 33.7 million[47]. - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[100]. - The company is actively exploring potential acquisitions to enhance its market position and operational capabilities[100]. Shareholder Information - The group did not declare an interim dividend for the period, compared to HKD 0.003 per share for the same period last year[39]. - The company declared and paid no dividends during the period, maintaining cash reserves for future investments[99]. - As of September 30, 2020, major shareholders, HY Steel, held 570,000,000 shares, representing approximately 74.26% of the company's total shares[60]. Operational Challenges - The group faced challenges due to the COVID-19 pandemic, impacting its operational performance and necessitating a focus on cost control and efficiency improvements[40]. Auditor and Compliance - The company appointed a new auditor, Tianzhi Hong Kong CPA Limited, effective December 18, 2020, following the resignation of Deloitte due to a disagreement over audit fees[56]. - The company has adopted a standard code for regulating directors' securities trading, ensuring compliance during the reporting period[67].

Financial Performance - The company reported a significant increase in revenue, achieving a total of HKD 1.2 billion, representing a 15% growth year-over-year[12] - For the fiscal year ending March 31, 2020, the company reported a profit attributable to owners of HKD 12.2 million, a decrease of 24.2% from HKD 16.1 million in 2019[20] - The group recorded a foreign exchange loss of HKD 2.4 million, contributing to a net loss of approximately HKD 0.2 million in FY2020[101] - The group's attributable profit decreased by approximately 24.2% from about HKD 16.1 million in FY2019 to about HKD 12.2 million in FY2020[113] User Growth and Market Expansion - User data showed a 20% increase in active users, reaching 500,000 by the end of the fiscal year[12] - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[12] - User data showed a 15% increase in active users, reaching 2 million by the end of the fiscal year[41] - The company is expanding its market presence in Southeast Asia, targeting a 30% market share within the next two years[41] Future Projections - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[12] - The company provided guidance for the next fiscal year, projecting revenue growth of 25% and aiming to reach $625 million[41] Product Development and Innovation - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on innovative technology solutions[12] - New product launches are expected to contribute an additional $100 million in revenue, with a focus on innovative technology solutions[41] - Research and development investments increased by 30%, totaling HKD 150 million, to drive innovation[12] - Research and development expenditures increased by 10%, totaling $50 million, to support new technology initiatives[41] Cost Management and Efficiency - The gross profit margin improved to 35%, up from 30% in the previous year, indicating better cost management[12] - The company aims to reduce operational costs by 15% through process optimization initiatives[12] - The company plans to implement cost-cutting measures aimed at reducing operational expenses by 5% in the upcoming year[41] - Direct costs increased by approximately 24.1% from about HKD 121.4 million in FY2019 to about HKD 150.6 million in FY2020, primarily due to rising labor and subcontracting costs[96] Market Challenges - The decline in profit was primarily due to intense market competition and rising construction costs[20] - The COVID-19 pandemic significantly impacted the local economy and the Hong Kong construction industry, leading to a slowdown in business growth and project sizes[81] - The company anticipates ongoing challenges due to the unpredictable nature of the COVID-19 pandemic and its financial implications[81] Employee and Administrative Matters - Total employee compensation and related costs amounted to approximately HKD 77.8 million for the year ending March 31, 2020[178] - The company has a total of 383 employees as of March 31, 2020[178] - The board of directors' remuneration was temporarily adjusted due to the impact of the COVID-19 pandemic, with the new salary levels for directors being HKD 930,000 for Mr. Li Peixin and Ms. Liu Lijing, HKD 504,000 for Mr. Li Jiahao, and HKD 630,000 for Mr. Peng Ming[182] Financial Position and Cash Flow - As of March 31, 2020, the total cash and cash equivalents amounted to approximately HKD 60.6 million, an increase from HKD 55.0 million in 2019[114] - The total assets were approximately HKD 333.3 million, up from HKD 286.3 million in 2019[114] - The total interest-bearing debt increased to approximately HKD 64.4 million from HKD 30.0 million in 2019, resulting in a debt-to-equity ratio of approximately 25.9%, compared to 12.3% in 2019[114] - The net cash outflow from operating activities was HKD 10.9 million, primarily due to increases in trade receivables and other receivables[115] Shareholder and Management Information - Major shareholders include HY Steel, holding 570,000,000 shares, representing 74.26% of the company[199] - Well Link Holdings Limited and its associated entities hold 414,504,000 shares, accounting for 54% of the company[199] - The company has adopted a share option scheme as a reward for eligible individuals, details of which are provided in the report[178]

Revenue Performance - The group's overall revenue decreased from approximately HKD 98.0 million to approximately HKD 96.3 million, a decline of about 1.8%[13] - Revenue from steel and metal engineering services increased by approximately HKD 3.9 million or 4.9% to approximately HKD 83.0 million, mainly due to progress on ongoing projects[13] - Revenue from the sale of steel and metal products decreased by approximately HKD 5.7 million or 30.2% to approximately HKD 13.2 million, impacted by reduced demand for standard folding gates[13] - Revenue for the six months ended September 30, 2019, was HKD 96,264,000, a decrease of 1.8% from HKD 98,043,000 in the same period of 2018[73] - Revenue from steel and metal engineering services was HKD 83,028,000, an increase from HKD 79,120,000 year-on-year, reflecting a growth of about 3.6%[109] Profitability and Financial Performance - The gross profit for the reporting period decreased by approximately HKD 10.8 million or 29.5%, with the gross profit margin dropping from 37.4% to 25.9%[8] - Gross profit decreased from approximately HKD 36.7 million to approximately HKD 25.9 million, a reduction of about HKD 10.8 million or approximately 29.5%, with the gross margin dropping from about 37.4% to 26.9%[16] - The company's profit attributable to equity shareholders was HKD 9.9 million, a decrease of HKD 4.2 million compared to HKD 14.1 million in the same period last year[22] - Profit before tax decreased to HKD 11,079,000, a decline of 43.2% compared to HKD 19,436,000 in the previous year[73] - Net profit for the period was HKD 8,994,000, down 36.5% from HKD 14,108,000 in the prior year[73] - Basic earnings per share for the period was HKD 1.3, a decrease from HKD 2.5 in the same period last year[73] - Total comprehensive income for the period was HKD 6,054,000, down 46.3% from HKD 11,283,000 in the previous year[75] Costs and Expenses - The group's direct costs amounted to approximately HKD 70.4 million, an increase of about HKD 9.1 million or approximately 14.8% compared to HKD 61.3 million in the same period last year, primarily due to an increase in the number of site workers[14] - Administrative expenses rose from approximately HKD 7.2 million to approximately HKD 14.5 million, an increase of about HKD 7.3 million or approximately 102.2%[19] - Financing costs increased from approximately HKD 46,000 to approximately HKD 894,000, an increase of about HKD 0.8 million, consistent with increased bank borrowings during the reporting period[18] - The total administrative expenses for the six months ended September 30, 2019, were HKD 14,549,000, compared to HKD 7,196,000 in the same period of 2018, indicating an increase of approximately 102.0%[116] Assets and Liabilities - Non-current assets amounted to HKD 21,549,000 as of September 30, 2019, an increase from HKD 17,218,000 as of March 31, 2019[78] - Current assets included trade receivables of HKD 23,236,000, up from HKD 11,241,000 in the previous period[78] - The company’s total liabilities increased to HKD 1,238,000, compared to HKD 262,000 in the previous period, indicating a significant rise in financial obligations[80] - The company’s reserves increased to HKD 239,286,000 from HKD 236,089,000, reflecting a growth of approximately 1.0% in retained earnings[80] - The company reported a net cash outflow from operating activities of HKD 35,150,000 for the six months ended September 30, 2019, compared to a cash inflow of HKD 12,609,000 in the same period last year[87] Strategic Developments - The group has 55 ongoing or upcoming projects with a total contract value of approximately HKD 375.0 million, compared to 46 projects valued at approximately HKD 404.5 million as of March 31, 2019[8] - The group has secured two construction contracts in China with a total contract value of RMB 300 million, located in Zhejiang and Guangdong provinces[12] - The group has commenced its first real estate development project in Foshan, Guangdong, which is expected to contribute to revenue in the third and fourth quarters of the 2020 fiscal year[12] - The group aims to leverage its expertise in the public housing sector to capitalize on future opportunities in the market[9] - The company completed the acquisition of Fujian Hejin Construction Engineering Co., Ltd. for RMB 2,800,000 (approximately HKD 3,276,000) to obtain licenses for construction services in China[40] Shareholder and Capital Management - The board proposed an interim dividend of HKD 0.003 per share for the six months ended September 30, 2019, down from HKD 0.013 for the same period last year[43] - The company paid dividends totaling HKD 3,838,000 during the period, a decrease from HKD 24,000,000 paid in the same period last year, reflecting a strategic shift in capital allocation[87] - A shareholder loan agreement was established on November 11, 2019, for RMB 30 million with a 12% annual interest rate, to be repaid in 24 months[47] - The company has implemented a share option scheme to incentivize eligible participants and retain talent[51] Market Outlook and Risks - The group is optimistic about the construction industry outlook in Hong Kong due to ongoing housing shortages and government initiatives to expedite public housing supply[9] - The company faces foreign exchange risk due to revenue primarily in HKD and costs in RMB, but no significant impact from currency fluctuations was reported during the period[41] - The company has not adopted any currency hedging policies but will continue to monitor foreign exchange risks[41] Employee and Workforce - As of September 30, 2019, the company employed 308 full-time employees, with 151 located in Hong Kong and the remainder in China[46] - Accrued employee costs were reported at HKD 5,063,000, slightly up from HKD 4,943,000 as of March 31, 2019[144]