Financial Performance - The basic and diluted earnings attributable to equity holders for the six months ended September 30, 2024, are approximately 9.2 million HKD, a decrease of 4.1% from 9.6 million HKD for the same period in 2023[17]. - Revenue from cleaning, sanitation, and related services for the six months ended September 30, 2024, was HKD 714,234,000, a decrease of 13.1% compared to HKD 822,032,000 for the same period in 2023[93]. - The group’s total equity increased to approximately 600.8 million HKD as of September 30, 2024, compared to 596.3 million HKD as of March 31, 2024[42]. - Profit attributable to equity holders decreased by approximately HKD 0.4 million or 4.1% to about HKD 9.2 million, mainly due to reduced revenue from government clients[140]. - Operating profit for the period was approximately HKD 10.7 million, down from HKD 13.2 million in the same period last year[179]. Dividends - The interim dividend per share for the year ended March 31, 2024, is approved at 0.94 HKD and will be paid on October 10, 2024[1]. - The company did not declare any interim dividend for the six months ended September 30, 2024, consistent with the previous period[115]. Expenses and Liabilities - The service costs for the six months ended September 30, 2024, are approximately 670.4 million HKD, representing 93.9% of the group's revenue, a decrease from 95.1% in the previous period[15]. - The group reported a total current liabilities of HKD 209.9 million as of September 30, 2024, down from HKD 225.0 million as of March 31, 2024, indicating a reduction of approximately 6.7%[54]. - Administrative expenses increased to approximately HKD 38.7 million, up HKD 6.1 million or 18.8% from HKD 32.6 million in the previous year, primarily due to enhancements in the business and operational teams[167]. Assets and Cash Flow - The group's cash and cash equivalents decreased to HKD 314.9 million as of September 30, 2024, from HKD 427.0 million as of March 31, 2024, representing a decline of about 26.3%[54]. - The net cash used in operating activities for the six months ended September 30, 2024, was HKD (96.5) million, an improvement from HKD (133.2) million for the same period in 2023[57]. - Accounts receivable increased to HKD 355.0 million as of September 30, 2024, compared to HKD 260.0 million as of March 31, 2024, reflecting a growth of approximately 36.5%[54]. Business Operations and Strategy - The group provided professional pest control services to over 300 clients during the reporting period, expanding its market presence[14]. - The group plans to continue expanding its customer base and explore new business areas, including formaldehyde removal services, in 2025[14]. - The company aims to enhance service quality and maintain competitiveness through internal management improvements and optimization of staff allocation[143]. - The group secured multiple large street cleaning contracts from various districts, with a total contract value exceeding HKD 2 billion, expected to start generating revenue from October to December 2024[162]. - The group has made significant progress in expanding its commercial line of business, particularly in high-end client sectors, including contracts with international banks and luxury hotels[162]. Financing and Debt - The total bank financing available (including overdrafts, revolving loans, factoring financing, and guaranteed financing) was approximately HKD 1,735.0 million, with about HKD 1,461.9 million undrawn as of September 30, 2024[44]. - The total liabilities for bank and other borrowings decreased to HKD 12,100,000 as of September 30, 2024, down from HKD 16,981,000 as of March 31, 2024, indicating a reduction of about 28%[120]. - The interest expense on bank and other borrowings significantly decreased to HKD 326,000 from HKD 1,798,000, a reduction of approximately 82%[111]. Market Conditions - The overall market consumption remains weak due to global inflation and geopolitical tensions, impacting customer purchasing decisions in the cleaning industry[102]. - The company’s management anticipates ongoing operational pressures across various industries due to the current economic transition in Hong Kong[102]. Taxation - The provision for current tax for the period was HKD 903,000, a decrease from HKD 2,261,000 in the previous period, reflecting a reduction of approximately 60%[112]. - The company’s financing costs and tax expenses were accounted for in accordance with the applicable regulations, with a tax rate of 16.5% applied to estimated taxable profits[77]. Employee and Workforce - The group has over 5,000 employees as of September 30, 2024, an increase from over 4,700 employees as of March 31, 2024[25]. Other Information - There were no significant events related to acquisitions, disposals, or major investments after the reporting period[48]. - The company expects no significant impact on its consolidated financial statements from the recent amendments to accounting standards effective from January 1, 2025[80]. - The company operates a single business segment providing cleaning and related services exclusively in Hong Kong[90].

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 714,234, a decrease of 13.1% compared to HKD 822,032 for the same period in 2023[2] - Gross profit increased by 8.6% to HKD 43,786, with a gross margin of 6.1%, up from 4.9% in the previous year[2] - Operating profit for the period was HKD 10,703, down from HKD 13,203, reflecting a decrease of 19.0%[4] - The net profit attributable to equity holders for the period was HKD 9,233, a decrease of 4.1% from HKD 9,623 in the same period last year[4] - The company reported a basic and diluted earnings per share of HKD 1.8, down from HKD 1.9 in the previous year[4] - The group's profit attributable to equity holders for the six months ended September 30, 2024, was HKD 9,233,000, a slight decrease of 4.0% from HKD 9,623,000 in the same period of 2023[30] - Profit attributable to equity holders decreased by approximately HKD 0.4 million or 4.1% to about HKD 9.2 million, mainly due to reduced revenue from government clients[47] Assets and Liabilities - Accounts receivable increased significantly to HKD 355,001 from HKD 260,031, indicating a rise of 36.5%[6] - Total current assets decreased slightly to HKD 714,120 from HKD 728,486, a decline of 2.0%[6] - Current liabilities decreased to HKD 209,861 from HKD 224,978, a reduction of 6.7%[6] - Non-current assets totaled HKD 107,526, a slight decrease from HKD 109,346 as of March 31, 2024[6] - The aging analysis of accounts receivable as of September 30, 2024, showed total accounts receivable of HKD 356,498,000, an increase from HKD 262,368,000 as of March 31, 2024[34] - The group reported a total of HKD 22,139,000 in accounts payable as of September 30, 2024, compared to HKD 18,006,000 as of March 31, 2024, indicating an increase of 16.8%[38] - Cash and cash equivalents were approximately HKD 314.9 million, down from HKD 427.0 million, while the current ratio improved to about 3.4 times from 3.2 times[63] - The group's capital debt ratio was approximately 2.8%, a decrease from 4.3% as of March 31, 2024, indicating improved financial stability[66] - The group had no capital commitments as of September 30, 2024, maintaining a stable financial position[70] Revenue Sources and Business Operations - The group's revenue from cleaning, sanitation, and related services for the six months ended September 30, 2024, was HKD 714,234,000, a decrease of 13.2% from HKD 822,032,000 for the same period in 2023[20] - The company secured multiple large street cleaning contracts exceeding HKD 2 billion, with services expected to commence from October to December 2024[48] - The company has expanded its client base to include various government departments, obtaining cleaning contracts from the Correctional Services Department and the Environmental Protection Department[49] - The waste transportation business experienced significant revenue growth due to new contracts, leading to improved profitability[49] - The company successfully obtained a large integrated service contract from a public hospital, marking entry into a new market segment[49] - The company has established a professional security service team and obtained ISO certifications, achieving significant progress in government contracts[52] - The company plans to continue expanding its business structure by developing new services in pest management and security[52] Cost Management - Service costs for the same period were approximately HKD 670.4 million, accounting for about 93.9% of the group's revenue, down from 95.1% in the previous year, primarily due to a reduction in overall labor costs[54] - The overall gross profit margin increased from approximately 4.9% to 6.1%, primarily due to a reduction in overall labor costs during the period[47] - Administrative expenses rose to approximately HKD 38.7 million, an increase of HKD 6.1 million or 18.8%, mainly due to enhancements in the business and operational teams[57] Dividends and Financial Reporting - The group did not declare any interim dividend for the six months ended September 30, 2024, consistent with the same period in 2023[27] - The board did not declare any interim dividends for the period, consistent with the previous year[76] - The interim financial data for the period has been reviewed by the audit committee and independent auditor, ensuring compliance with Hong Kong standards[80] - The interim results announcement is available on the Hong Kong Stock Exchange and the company's website, with the 2024/25 interim report expected by the end of December 2024[81] Leadership and Acknowledgments - The executive directors include Dr. Li Zhuang (Vice President) and the non-executive directors include Mr. Xie Hui (Chairman) and others, ensuring a diverse leadership team[84] - The board expresses gratitude to shareholders, investors, business partners, and employees for their support and efforts[82] Compliance and Evaluation - The group is currently evaluating the impact of the new Hong Kong Financial Reporting Standard No. 18 on the presentation and disclosure of financial performance in its consolidated financial statements[18] - The company continues to focus on providing clean and related services, with no specific new product or technology developments mentioned in the report[10]

Financial Performance - The company reported revenue of approximately HKD 1,564.2 million for the fiscal year ending March 31, 2024, a decrease of about 31.4% compared to HKD 2,280.2 million in the previous year[8]. - Net profit for the year was approximately HKD 17.3 million, down approximately 43.5% from HKD 30.6 million in the prior year[8]. - Gross profit recorded was approximately HKD 100.8 million, a decline of about 20.3% from HKD 126.4 million year-on-year[8]. - The decrease in revenue and profit was primarily due to the failure to renew several government cleaning contracts, resulting in reduced income from government clients[8]. - The group's revenue for the year ended March 31, 2024, was approximately HKD 1,564.2 million, a decrease of 31.4% compared to HKD 2,280.2 million for the previous year[20]. - The net profit attributable to equity holders for the year ended March 31, 2024, was approximately HKD 17.3 million, a decrease of 43.5% from HKD 30.6 million in the previous year[26]. - The overall gross profit margin increased from approximately 5.5% to 6.4%, despite a gross profit decrease of about HKD 25.6 million or 20.3% to approximately HKD 100.8 million[22]. - The service cost for the year ended March 31, 2024, was approximately HKD 1,463.4 million, accounting for about 93.6% of the group's revenue, a slight decrease from 94.5% in the previous year[21]. Business Development - The company successfully secured major cleaning contracts, including a landmark shopping mall in East Kowloon and a five-star hotel in Kowloon, indicating significant progress in new business[9]. - The company maintained its leading position in waste transportation services at Hong Kong International Airport and secured a five-year waste collection contract with the Tai Po District Government[11]. - The company will continue to focus on strategic acquisitions to develop new businesses and seek new opportunities in the environmental hygiene service sector[13]. - The group successfully secured a five-year waste collection contract from the Tai Po District Government, marking a significant milestone for its subsidiary in the government client market[17]. - The group has made breakthroughs in high-end client sectors, obtaining cleaning contracts from the largest landmark shopping mall in East Kowloon and a five-star hotel in Kowloon[16]. - The group is expanding into the security services sector, establishing its own team and obtaining relevant licenses to diversify its business[19]. - The company aims to enhance service quality to regain trust from clients and society, focusing on optimizing its organizational structure amid reduced business scale[19]. - The company is actively exploring new markets and business opportunities to diversify and strengthen its competitive position[124]. Governance and Leadership - The company has a strong leadership team with diverse backgrounds in finance, management, and academia, enhancing its strategic decision-making capabilities[59]. - The board includes members with extensive experience in various sectors, contributing to the company's growth and operational efficiency[59]. - The company is focused on maintaining high standards of corporate governance through its independent directors and committees[60]. - The company has adopted the corporate governance code as the basis for its governance practices, ensuring compliance with applicable rules[74]. - The board believes that good corporate governance standards are essential for protecting shareholder interests and enhancing corporate value[73]. - The company has confirmed compliance with the standard code for securities trading by all directors for the fiscal year ending March 31, 2024[76]. - The company has a management team with over 25 years of experience in various fields, including finance, mergers, and risk management[70]. - The company has appointed independent non-executive directors to provide independent opinions and enhance governance[68]. - The company has established a mechanism to ensure independent viewpoints are expressed within the board, promoting constructive discussions and thorough consideration of relevant issues[89]. - The board has complied with listing rules by maintaining at least three independent non-executive directors, constituting one-third of the board[91]. - The company emphasizes a strong corporate governance framework, ensuring that all directors have access to necessary information and can seek independent professional advice when needed[89]. Risk Management - The company has identified major risks categorized as strategic, operational, financial, compliance, and environmental, social, and governance risks[124]. - The board is responsible for risk management and internal control systems, ensuring they are effective in achieving the company's strategic objectives[120]. - The company has established a clear organizational structure to minimize the risks of errors and abuse of power[122]. - The company has implemented various internal guidelines to ensure compliance with labor laws, occupational safety, and tax regulations following its listing on the Hong Kong Stock Exchange in October 2019[132]. - The company has adopted a whistleblowing policy to allow employees and stakeholders to report misconduct confidentially, reinforcing its commitment to ethical business practices[135]. - The company has established a zero-tolerance policy towards corruption, ensuring compliance with applicable anti-corruption laws and regulations[135]. Employee and Operational Efficiency - The company employed over 4,700 staff as of March 31, 2024, down from over 7,400 staff as of March 31, 2023[44]. - The group’s administrative expenses decreased by approximately HKD 4.0 million or 4.4% to HKD 87.7 million due to budget cost control measures[24]. - The company regularly reviews employee compensation packages to remain competitive in the labor market, addressing long-term labor shortages[128]. - The company has implemented a series of occupational safety measures to protect employee rights and reduce health risks associated with frontline operations[127]. - Regular training and skill enhancement programs are provided to employees to ensure the company's strategies are reflected in its culture[79]. Shareholder Relations and Financial Management - The company proposed a final dividend of HKD 0.94 per share, totaling HKD 4,700,000, compared to HKD 1.22 per share and HKD 6,100,000 in 2023[157]. - The company has no fixed dividend payout ratio and will review its dividend policy based on financial performance and business conditions[151]. - The company has raised approximately HKD 87.9 million from its global offering, with 34.8% allocated to managing cash flow between salary payments and sales revenue collections[160]. - The company maintains effective communication with shareholders through various channels, emphasizing the importance of investor relations[149]. - The company’s financial performance and operational developments were effectively communicated to shareholders throughout the year[150]. Board Composition and Diversity - The board consists of 12 members, including 1 executive director, 6 non-executive directors, and 5 independent non-executive directors[85]. - The board's gender diversity ratio as of March 31, 2024, was approximately 38.46% female and 61.54% male, meeting the company's diversity target[114]. - The company has adopted a board diversity policy, which will be reviewed annually for effectiveness[112]. - The Nomination Committee will regularly review the board's composition to ensure alignment with the company's strategic needs[116]. - The company emphasizes the importance of independent perspectives in achieving board diversity, which is considered a key competitive advantage[112]. Audit and Compliance - The Audit Committee held three meetings for the year ended March 31, 2024, reviewing financial reporting and operational performance[106]. - The Remuneration Committee held one meeting during the year, focusing on the compensation structure for executive directors and senior management[107]. - The Nomination Committee held one meeting, assessing the board's structure and diversity, and recommending the appointment of a CEO[111]. - The company has provided formal and comprehensive onboarding training for new directors to ensure understanding of business operations and regulatory responsibilities[99]. - Independent non-executive directors have confirmed their independence according to listing rules[183].

Financial Performance - Revenue for the year ended March 31, 2024, was HKD 1,564,215, a decrease of 31.4% compared to HKD 2,280,200 in 2023[2] - Gross profit for the same period was HKD 100,836, down 20.3% from HKD 126,446 in 2023, with a gross margin of 6.4%[17] - Profit attributable to equity holders for the year was HKD 17,259, representing a decline of 43.5% from HKD 30,550 in 2023[17] - Basic and diluted earnings per share decreased to HKD 3.5 from HKD 6.1, a drop of 43.5%[17] - Other income increased to HKD 7,308 from HKD 3,516 in 2023, indicating growth in non-core revenue streams[2] - The group reported a net profit attributable to equity holders of HKD 17,259 for 2024, with a weighted average number of shares of 500,000[41] - The overall gross profit margin increased from approximately 5.5% to 6.4%, despite a decrease in net profit from approximately HKD 30.6 million to HKD 17.3 million, a decline of 43.5%[73] - The company reported interest income of HKD 6.9 million for the year, compared to HKD 2.2 million in the previous year, reflecting a significant increase[60] Assets and Liabilities - Total non-current assets amounted to HKD 109,346, down from HKD 117,624 in 2023[5] - Current assets totaled HKD 728,486, a decrease from HKD 832,840 in 2023[22] - Total liabilities decreased to HKD 241,552 from HKD 364,005 in 2023, reflecting a reduction in both current and non-current liabilities[22][23] - Accounts receivable decreased to HKD 260,031 in 2024 from HKD 340,398 in 2023, reflecting improved collection efficiency[43] - The group's total liabilities decreased, with accounts payable dropping to HKD 18,006 in 2024 from HKD 28,291 in 2023, indicating better cash management[45] - The current ratio of the group improved to approximately 3.2 times as of March 31, 2024, compared to 2.5 times as of March 31, 2023[82] - The debt-to-equity ratio of the group was approximately 4.3% as of March 31, 2024, down from 7.5% as of March 31, 2023[111] Dividends - The company proposed a final dividend of HKD 0.94 per share, down from HKD 1.22 in 2023[17] - The board of directors proposed a final dividend of HKD 0.94 per share, totaling HKD 4,700,000, compared to HKD 1.22 per share and HKD 6,100,000 in 2023[133] Costs and Expenses - Service cost for 2024, including labor costs, depreciation, and inventory write-downs, totaled HKD 1,156,817, a decrease of 35% from HKD 1,780,590 in 2023[38] - Administrative expenses for the group decreased to approximately HKD 87.7 million for the year ended March 31, 2024, from HKD 91.7 million in the previous year, a reduction of about 4.4%[106] - Financing costs decreased to approximately HKD 3.0 million from HKD 6.9 million, representing a reduction in reliance on external borrowing[80] Business Development - The group successfully secured a five-year waste collection contract from the Tai Po District Government, marking a significant milestone for future development in the government client market[48] - The group achieved substantial growth in service revenue from the waste transportation business due to new contracts, improving profitability[48] - The company plans to diversify its business by developing security services, leveraging existing resources to create a new profit growth point[75] - The group successfully secured cleaning contracts with major clients, including a landmark shopping mall in East Kowloon and a five-star hotel in Kowloon, indicating a strategic expansion in the high-end client sector[100] - The group continues to develop its professional pest management business, which has created cross-selling opportunities with its cleaning services, enhancing overall service offerings[101] Governance and Compliance - The company has complied with all applicable code provisions in the Corporate Governance Code as of March 31, 2024[135] - The audit committee has reviewed the financial performance and consolidated financial statements for the year ending March 31, 2024[119] - The company has established a written terms of reference for the audit committee, which consists of three independent non-executive directors[119] - The company’s auditor confirmed that the figures in the annual performance announcement are consistent with the audited consolidated financial statements[122] Other Information - The estimated tax provision for the year was calculated at a tax rate of 16.5%, with total income tax expenses of HKD 1.966 million compared to HKD 7.535 million in the previous year[62] - The remaining performance obligations related to customer contracts totaled approximately HKD 1,318.8 million, down from HKD 1,788.4 million the previous year[58] - The estimated claims amount related to ongoing lawsuits and claims involving current or former employees and third parties is approximately HKD 3,372,000 as of March 31, 2024, down from HKD 4,303,000 in 2023[116] - No significant acquisitions or disposals were made during the fiscal year ending March 31, 2024[130] - The annual general meeting is scheduled for September 6, 2024, with a record date for the final dividend on September 16, 2024[123] - The last deadline for submitting transfer documents for the annual general meeting is August 30, 2024[124] - The company expresses gratitude to shareholders, investors, business partners, and employees for their support and efforts[126]

Financial Performance - The company recorded revenue of approximately HKD 822.0 million for the six months ended September 30, 2023, a decrease of 32.8% compared to HKD 1,224.1 million in the same period last year[7]. - Profit attributable to equity holders decreased by approximately HKD 24.3 million or 71.6% to about HKD 9.6 million, mainly due to unsuccessful contract renewals and reduced government client revenue[7]. - Gross profit for the same period was approximately HKD 40.3 million, a decrease of about 51.0% from HKD 82.2 million in the corresponding period of 2022, resulting in a gross margin of 4.9%[17]. - Operating profit decreased to HKD 13,203,000, a decline of 70% from HKD 44,019,000 in the previous year[52]. - The net profit attributable to equity holders for the period was HKD 9,623,000, down 71.6% from HKD 33,909,000 in 2022[52]. - Total comprehensive income for the period was HKD 9,623,000, compared to HKD 33,909,000 in the previous period, indicating a decrease of about 71.6%[60]. Revenue and Service Performance - The company's revenue from cleaning, sanitation, and related services for the six months ended September 30, 2023, was HKD 822,032,000, a decrease of 32.8% compared to HKD 1,224,108,000 in the same period of 2022[90]. - The waste transportation service revenue significantly increased due to new contracts, including a five-year waste collection service contract from the Tai Po District Government[9]. - The company is actively developing its pest management business, which is expected to create cross-selling opportunities with existing cleaning services[11]. - The company plans to diversify its business by launching security services under the name Huacheng Security Services Limited, aiming to become a new profit growth point[11]. Cost and Expense Management - Service costs for the six months ended September 30, 2023, were approximately HKD 781.7 million, accounting for about 95.1% of the group's revenue, an increase of 1.8% compared to the previous period[14]. - Administrative expenses decreased by HKD 13.3 million or 29.0%, totaling approximately HKD 32.6 million for the six months ended September 30, 2023[18]. - The total remuneration for directors and key management personnel decreased to HKD 5,288,000 for the six months ended September 30, 2023, compared to HKD 10,838,000 in the previous year, reflecting cost control measures[116]. Cash Flow and Financial Position - As of September 30, 2023, the group's cash and cash equivalents were approximately HKD 301.2 million, down from HKD 455.0 million as of March 31, 2023[24]. - The company's total liabilities decreased from HKD 329,071,000 to HKD 253,288,000 during the same period[55]. - The group’s current ratio improved to approximately 3.0 times as of September 30, 2023, compared to 2.5 times as of March 31, 2023[24]. - Net cash used in operating activities improved from HKD (159,666,000) to HKD (133,222,000), showing a reduction in cash outflow of approximately 16.6%[62]. - The company reported a net cash outflow from financing activities of HKD (9,585,000), compared to a net cash inflow of HKD 135,018,000 in the previous period[62]. Shareholder and Corporate Governance - The company has not received any disclosures from other entities regarding their interests in shares as of September 30, 2023[125]. - The company has adhered to all applicable provisions of the corporate governance code as per the listing rules[130]. - The interim financial data for the period has been reviewed by the audit committee and independent auditors[132]. - There were changes in the executive team, with a new CEO appointed on September 1, 2023, and another executive director appointed on October 7, 2023[135]. Future Outlook and Strategic Initiatives - The environmental hygiene services market is expected to continue expanding due to the ongoing growth of property numbers and public transport systems in Hong Kong[12]. - The company aims to enhance service quality and invest in technology to improve its organizational structure and core competitiveness[12]. - Strategic acquisitions will be considered to accelerate overall business development[12]. - The company plans to utilize the remaining net proceeds from its IPO for operational efficiency improvements and environmental hygiene service quality enhancements, with a revised timeline for full utilization by March 2024[44].

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。 Hong Kong Johnson Holdings Co., Ltd. 香香港港莊莊臣臣控控股股有有限限公公司司 （於開曼群島註冊成立的有限公司） （（股股份份代代號號：：1955）） 截至2023年9月30日止六個月之 中期業績公告 香港莊臣控股有限公司（「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」或「集團」）截至2023年9月30日止六個月（「本期間」）之 未經審核簡明綜合中期業績，連同2022年同期的比較數字如下： 財務摘要 截至9月30日止六個月 2023年 2022年 變動 千港元 千港元 （未經審核）（未經審核） ...

Financial Performance - The company recorded revenue of approximately HKD 2,280.2 million for the fiscal year ending March 31, 2023, a decrease of about 23.5% compared to HKD 2,979.0 million for the previous year[10]. - Net profit for the year was approximately HKD 30.6 million, down approximately 76.4% from HKD 129.6 million in the prior year[10]. - Gross profit was approximately HKD 126.4 million, reflecting a decline of about 55.8% from HKD 286.3 million in the previous year[10]. - The group's revenue for the year ended March 31, 2023, was approximately HKD 2,280.2 million, a decrease of 23.5% compared to HKD 2,979.0 million in the previous year[24]. - The overall gross profit margin declined from approximately 9.6% to 5.5%, with gross profit decreasing by about HKD 159.9 million or 55.8% to approximately HKD 126.4 million[26]. - The net profit attributable to equity holders for the year ended March 31, 2023, was approximately HKD 30.6 million, a decrease of 76.4% from HKD 129.6 million in the previous year[30]. - Service costs for the year were approximately HKD 2,153.8 million, accounting for about 94.5% of the group's revenue, an increase of 4.1% compared to the previous year[25]. - Administrative expenses decreased by approximately HKD 35.8 million or 28.1% to about HKD 91.7 million, primarily due to reduced personnel costs[28]. - The total capital expenditure for the year ended March 31, 2023, was approximately HKD 1.6 million, significantly lower than HKD 26.6 million for the year ended March 31, 2022, primarily due to vehicle purchases for environmental hygiene services[40]. - The company proposed a final dividend of HKD 1.22 per share for the year ended March 31, 2023, compared to HKD 5.00 per share in 2022[180]. Business Development and Strategy - The company successfully secured a major cleaning service contract for a landmark shopping mall in East Kowloon, indicating growth in the commercial sector despite intense competition in the government sector[12]. - The company aims to actively seek suitable environmental hygiene enterprises in mainland China for potential acquisitions to facilitate rapid market entry[12]. - A new subsidiary, Johnson Professional Services Limited, was established to provide pest management services, creating cross-selling opportunities with existing cleaning services[13]. - Future strategies include expanding operations from Hong Kong to mainland China, particularly in the Greater Bay Area, to become a leading environmental hygiene service provider[16]. - The company will focus on optimizing its overall business structure through strategic acquisitions and resource allocation to strengthen its core cleaning business[16]. - The group aims to accelerate overall business development through strategic acquisitions and deepen its market position in Hong Kong and the Greater Bay Area[24]. - The company is exploring potential acquisitions to further strengthen its market position, with a focus on technology firms[62]. - Strategic partnerships have been established with three key players in the industry to enhance service offerings[62]. Corporate Governance - The company reported a commitment to good corporate governance standards, which are essential for protecting shareholder interests and enhancing corporate value[90]. - The board believes that the company has complied with all applicable code provisions of the corporate governance code throughout the year ending March 31, 2023[92]. - The company has adopted the principles and code provisions set out in the corporate governance code as the basis for its corporate governance practices[91]. - The company has adopted a standard code for securities trading, confirming compliance by all directors for the fiscal year ending March 31, 2023[93]. - The board consists of 14 members, including 2 executive directors, 7 non-executive directors, and 5 independent non-executive directors[101]. - The board held a total of 4 regular meetings, 2 audit committee meetings, 1 remuneration committee meeting, 1 nomination committee meeting, and 1 annual general meeting during the fiscal year[105]. - The company aims to become a leading environmental hygiene service provider in the Greater Bay Area, focusing on health protection, environmental sustainability, and smart city initiatives[96]. - The management emphasizes the importance of service quality, environmental management, and occupational health and safety in daily operations[97]. - The company is committed to maintaining high ethical standards and encourages employees to report any monitoring failures or suspicions of improper conduct[97]. - The board regularly reviews the company's financial status and strategic development, ensuring alignment with its values and objectives[96]. Risk Management and Compliance - The company has identified major risks categorized as strategic, operational, financial, compliance, and environmental, social, and governance risks[145]. - The company aims to maintain its market leadership in the environmental hygiene services industry by enhancing operational efficiency and service quality, and introducing innovative technologies[145]. - The company has established a diverse customer base, including multiple government departments and non-governmental clients, to mitigate bidding risks[145]. - The company has implemented a series of occupational safety measures to protect employee health and safety, including necessary training and guidelines[148]. - The company has taken actions to ensure frontline employee safety against infectious diseases, including providing personal protective equipment and safety guidelines[146]. - The company has established internal monitoring procedures for selecting suppliers to ensure the quality of cleaning and disinfecting products[149]. - The company has adopted information security guidelines to mitigate risks associated with information systems and ensure data integrity[150]. - The company has a risk management and internal control system designed to manage risks rather than eliminate them, providing reasonable assurance against material misstatements[141]. - For the fiscal year ending March 31, 2023, the company reported an effective risk management and internal control system, covering financial, operational, compliance, and environmental, social, and governance risks[153]. Employee and Shareholder Relations - The number of employees as of March 31, 2023, was over 7,400, a decrease from over 13,000 as of March 31, 2022, primarily due to the completion of certain long-term contracts and a reduction in temporary workers[50]. - The company regularly reviews its employee compensation packages to maintain competitiveness in a labor-short market[148]. - The company maintains communication with shareholders through various channels to safeguard their rights and interests[164]. - The company’s financial performance and strategic information were presented at the annual general meeting, with the board reviewing the effectiveness of shareholder communication policies[173]. Donations and Community Engagement - The company’s total donations for the year ended March 31, 2023, amounted to approximately HKD 15,000, a decrease from HKD 28,000 in 2022[191]. Miscellaneous - The company has not experienced any significant events after the reporting period up to the date of the annual report[196]. - The company’s independent auditor provided a statement of responsibility regarding the financial statements, ensuring transparency and accountability[158]. - The company’s internal control review involved interviews and document reviews to identify deficiencies and recommend improvements[153]. - The company’s charter documents remained unchanged during the fiscal year, with proposed amendments to enhance shareholder protection to be presented at the upcoming annual general meeting[163].

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。 Hong Kong Johnson Holdings Co., Ltd. 1955 截至2023年3月31日止年度之 全年業績公告 香港莊臣控股有限公司（「本公司」）董事會（「董事會」）宣佈本公司及其附屬公司 （「本集團」）截至2023年3月31日止年度（「本年度」或「回顧年度」）的經審核綜合 業績，連同截至2022年3月31日止年度的比較數字： 財務摘要 截至3月31日止年度 2023年 2022年 變動 千港元 千港元 ...

Financial Performance - The company recorded revenue of approximately HKD 1,224.1 million for the six months ended September 30, 2022, a decrease of 19.2% compared to the same period last year[7]. - The overall gross profit margin declined from approximately 9.6% to 6.7%, primarily due to intense market competition[7]. - Profit attributable to equity holders decreased by approximately HKD 33.5 million or 49.7% to about HKD 33.9 million, mainly due to a reduction in service gross profit of approximately HKD 63.4 million[7]. - The group's revenue for the six months ended September 30, 2022, was approximately HKD 1,224.1 million, a decrease of about HKD 290.1 million or 19.2% compared to HKD 1,514.2 million in the same period of 2021[12]. - The group's gross profit for the six months ended September 30, 2022, was approximately HKD 82.2 million, a decrease of about HKD 63.4 million or 43.5% from HKD 145.6 million in the same period of 2021[14]. - The net profit for the period was HKD 33,909,000, a decrease of 49.7% from HKD 67,431,000 in the prior year[48]. - The total comprehensive income for the period was HKD 33,909,000, compared to HKD 67,431,000 in the previous period, indicating a decrease of about 49.7%[51]. - The operating profit decreased to HKD 44,019,000, representing a decline of 47.6% compared to HKD 84,070,000 in the previous year[48]. Operational Developments - The company maintained a leading position in the airport cargo waste transportation service and successfully added its subsidiary to the list of service providers for the Food and Environmental Hygiene Department[9]. - The company is actively developing professional pest management services, which are expected to create cross-selling opportunities with its cleaning business[10]. - The introduction of automated smart cleaning and disinfection robots and antibacterial coating services is aimed at enhancing the company's competitive edge in bidding projects[10]. - The anticipated implementation of the municipal solid waste charging scheme in the second half of next year is being prepared for by the company[9]. - Despite the challenges posed by high fuel prices, service revenue in the waste transportation business has shown considerable growth[9]. - The company is focusing on enhancing its product portfolio to meet customer needs in environmental hygiene services[10]. - The overall awareness of hygiene levels among Hong Kong citizens and businesses has increased due to the ongoing pandemic, sustaining strong demand for cleaning and disinfection services[8]. Financial Position - As of September 30, 2022, the group's bank and other borrowings totaled approximately HKD 197.1 million, an increase from HKD 51.8 million as of March 31, 2022, due to increased funding needs[22]. - The group's capital structure included equity of approximately HKD 589.8 million and a debt-to-equity ratio of about 35.6% as of September 30, 2022[23]. - The group maintained a cash and cash equivalents balance of approximately HKD 406.5 million as of September 30, 2022, down from HKD 422.0 million as of March 31, 2022[20]. - The net cash used in operating activities was HKD (159,666,000), compared to HKD (188,765,000) in the previous period, showing an improvement of about 15.4%[52]. - Total liabilities increased from HKD 413,422,000 to HKD 525,898,000, an increase of approximately 27.2%[49]. - The company reported a total equity of HKD 589,818,000 as of September 30, 2022, up from HKD 580,909,000, reflecting a slight increase of 1.6%[50]. - The accounts receivable as of September 30, 2022, stood at HKD 581,130,000, an increase from HKD 415,384,000 as of March 31, 2022, representing a growth of approximately 39.9%[82]. - The accounts payable as of September 30, 2022, was HKD 21,801,000, down from HKD 40,328,000 as of March 31, 2022, indicating a decrease of about 46.0%[83]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[105]. - The board expressed gratitude to the management team, employees, shareholders, investors, and business partners for their contributions and support[113]. - The board of directors confirmed compliance with all applicable corporate governance codes during the reporting period[106]. - The company has adopted a standard code for securities trading by directors, ensuring compliance during the reporting period[107]. - Major shareholders include Hong Kong Huafa Investment Holdings Limited and Zhuhai Huafa Group Limited, each holding 221,250,000 shares, representing 44.25% of the issued share capital[99]. - The company appointed Li Zhuang as the company secretary and authorized representative effective from October 26, 2022[110]. Employee and Management Information - The company had over 11,000 employees as of September 30, 2022, down from over 13,000 employees as of March 31, 2022[36]. - The total remuneration for directors and key management personnel for the six months ended September 30, 2022, was HKD 10,838,000, a decrease from HKD 25,672,000 in the same period of 2021[93]. - The company’s basic salary and allowances for directors and key management personnel were HKD 7,116,000 for the six months ended September 30, 2022, down from HKD 9,070,000 in the previous year[93]. - The company’s contributions to retirement benefit plans for the six months ended September 30, 2022, were HKD 466,000, a decrease from HKD 694,000 in the same period of 2021[93]. Compliance and Reporting - The financial statements were approved and authorized for issue by the board of directors on November 29, 2022[94]. - The company did not engage in any significant acquisitions, disposals, or hold any major investments during the reporting period[33]. - The company did not declare any interim dividend for the six months ended September 30, 2022, consistent with the previous year[79]. - The company has estimated claims related to ongoing litigation amounting to approximately HKD 2,420,000 and HKD 3,072,000 as of September 30, 2022, and March 31, 2022, respectively[31].

Hong Kong Johnson Holdings Co., Ltd. o n Holdings Holdings C 香港莊臣控股有限公司 （於開曼群島註冊成立的有限公司） 股份代號 : 1955 2020/2021 年 報 | --- | --- | --- | --- | --- | --- | |-------|-------|--------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 目錄 | | | | | | 2 | 主席報告 | | | | | | 8 | 公司資料 | | | | | | 10 | 管理層討論及分析 | | | | | | 16 | 董事及高級管理層 | | | | | | 23 | 企業管治報告 | | | | | | 39 | 董事報告 | | | | | | 54 | 獨立核數師報告 | | | | | | 59 | 綜合損益及其他全面收入表 | | | | | | 60 | 綜合財務狀況表 | | | ...