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].

Financial Performance - The company recorded revenue of approximately HKD 2,767.5 million, an increase of about 55.0% compared to HKD 1,785.0 million in the previous year[9]. - Profit for the year was approximately HKD 188.5 million, up approximately 561.4% from HKD 28.5 million in the previous year[9]. - Gross profit reached approximately HKD 283.8 million, an increase of about 134.4% from HKD 121.1 million in the previous year[9]. - Revenue from government clients was approximately HKD 2,152.8 million, a rise of about 79.9% from HKD 1,196.6 million in the previous year[9]. - The overall gross profit margin increased from approximately 6.8% to about 10.3%, attributed to successful cost control measures and a focus on more profitable contracts[29]. - Profit for the year increased by approximately HKD 160.0 million or 561.4% to about HKD 188.5 million, mainly due to an increase in gross profit from services and government wage subsidies[29]. - The group's revenue for the year ended March 31, 2021, was approximately HKD 2,767.5 million, an increase of about 55.0% compared to HKD 1,785.0 million for the year ended March 31, 2020, primarily due to increased revenue from government clients[36]. - Service costs for the year ended March 31, 2021, were approximately HKD 2,483.6 million, accounting for about 89.7% of the group's revenue, down from 93.2% in the previous year, reflecting successful cost control measures[37]. - The group's net profit attributable to equity holders for the year ended March 31, 2021, was approximately HKD 188.5 million, an increase of about 561.4% from HKD 28.5 million in the previous year[44]. Business Development and Strategy - The company aims to expand its operations into the Greater Bay Area and gradually extend its business into mainland China[22]. - The company plans to enhance its distribution agency business by introducing innovative cleaning and disinfection products[18]. - The company is committed to becoming a leading smart city environmental hygiene service provider by integrating technology into its operations[19]. - The group successfully secured more service contracts, particularly from the government, contributing to significant business growth during the pandemic[30]. - The establishment of Johnson Environmental and Fast Clean Limited is aimed at actively developing waste transportation services and innovative technology products related to environmental hygiene services[30]. - The group aims to explore acquisition opportunities in Hong Kong to accelerate overall business development and strengthen its local market presence[35]. - The company plans to actively research opportunities in the Greater Bay Area environmental hygiene service market in line with the national "14th Five-Year" development plan[35]. - The group initiated waste transportation services and secured its first five-year government waste collection service contract within a year, increasing its fleet from 300 to nearly 400 vehicles[34]. Innovation and Technology - The group is committed to introducing more innovative technology products and equipment, such as automated cleaning robots and antibacterial coating services, to enhance service quality[34]. - The company has invested HKD 50 million in research and development for new technologies aimed at improving operational efficiency and customer satisfaction[98]. - Research and development expenses increased by 30%, totaling HKD 150 million, to support innovation in product offerings[76]. - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on eco-friendly technologies[76]. Human Resources and Management - As of March 31, 2021, the group had over 13,000 employees, an increase from over 10,000 employees as of March 31, 2020[62]. - The group conducted various training activities in operational safety, office, and management skills to enhance frontline service quality and strengthen office support during the fiscal year ending March 31, 2021[62]. - The company is committed to enhancing service quality through ongoing training and development initiatives for its workforce[62]. - The group emphasizes employee performance-based compensation and discretionary bonuses to recognize contributions[62]. - The management team emphasized the importance of sustainability initiatives, which are projected to reduce operational costs by 5% annually[76]. Corporate Governance - The board includes directors with extensive backgrounds in finance and risk management, enhancing the company's strategic capabilities[69][70]. - The board has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, each with clearly defined powers and responsibilities[128]. - The company has adopted a new employee stock option plan to incentivize performance and align employee interests with shareholder value[100]. - The board has a structured process for the appointment and re-election of directors, ensuring compliance with the company's articles of association[116]. - The company has ensured that all directors have participated in appropriate continuous professional development activities during the year ended March 31, 2021[123]. Risk Management - The board is responsible for the risk management and internal control systems, aiming to manage risks rather than eliminate them, providing reasonable assurance against significant misstatements or losses[147]. - The internal control system covers financial, accounting, operational, compliance, and risk management areas, with management responsible for its execution[148]. - The company faces strategic risks due to economic factors and market competition, particularly from the COVID-19 pandemic, which adversely affected the Hong Kong economy[153]. - The company has established a whistleblowing policy allowing employees to confidentially report misconduct related to financial reporting and internal controls[193]. - The management reported the effectiveness of the risk management and internal control systems for the year ended March 31, 2021[193]. Financial Oversight - The company paid a total of HKD 1,161,000 for audit and non-audit services to its external auditor for the year ended March 31, 2021, with HKD 850,000 for annual audit services and HKD 311,000 for non-audit services[198]. - The independent auditor's report on the financial statements is included on pages 54 to 58 of the annual report[197]. - The Audit Committee reviewed the interim financial performance and reports for the year ending March 31, 2021[132]. - The Audit Committee held three meetings during the year ending March 31, 2021, with attendance records documented[132]. - The board, supported by the audit committee, reviewed the risk management and internal control systems, including financial, operational, and compliance monitoring, and deemed them effective and sufficient[193].

Financial Performance - The company reported revenue of approximately HKD 1,303.5 million for the six months ended September 30, 2020, representing an increase of 52.7% compared to HKD 853.4 million for the same period last year[10]. - Profit for the period increased by approximately HKD 67.0 million or 433.9% to HKD 82.4 million, driven by a gross profit increase of approximately HKD 65.4 million and wage subsidies from the government amounting to HKD 24.3 million[10]. - Revenue growth was primarily driven by increased earnings from government sector clients[14]. - Gross profit for the same period was approximately HKD 123.9 million, an increase of 111.8% from HKD 58.5 million in the prior year[16]. - The net profit for the six months ended September 30, 2020, was HKD 82,440, compared to HKD 15,442 for the same period in 2019, reflecting a substantial increase[91]. - The total comprehensive income for the six months ended September 30, 2020, was HKD 82,440 thousand, compared to HKD 15,442 thousand for the same period in 2019, representing a substantial increase[52]. Profitability and Margins - The overall gross profit margin improved from approximately 6.9% to 9.5%, attributed to successful cost control measures and a focus on more profitable contracts[10]. - Operating profit increased to HKD 98,518, compared to HKD 24,821 in the previous year, marking a significant improvement in operational efficiency[46]. - The gross profit margin improved to 9.5% from 6.9%, attributed to better cost control and a focus on more profitable contracts[18]. Government Support and Subsidies - The group received a wage subsidy of HKD 24.3 million under the government's employment support scheme, compared to none in the previous year[19]. - The company received government subsidies of HKD 24,271 under the Employment Support Scheme, contributing to its financial stability during the period[46]. - Total other income for the six months ended September 30, 2020, was HKD 5,309, significantly up from HKD 728 in the same period of 2019, primarily due to government subsidies[82]. Operational Developments - The company successfully secured more service contracts, particularly from government sectors, contributing to business growth during the period[11]. - The company is actively developing logistics for waste collection and procuring advanced environmental hygiene technology products and equipment[13]. - The company continues to focus on providing cleaning and related services, with ongoing investments in operational capabilities and market expansion strategies[57]. Workforce and Employment - The company employed approximately 13,000 employees as of September 30, 2020, compared to over 8,000 employees as of September 30, 2019, indicating a significant increase in workforce[38]. - Administrative expenses increased by 55.0% to approximately HKD 53.6 million, primarily due to increased director bonuses and higher employee costs post-IPO[20]. Financial Position and Liquidity - Cash and cash equivalents were approximately HKD 223.1 million, with a current ratio of 1.4 times[26]. - Total current assets rose to HKD 1,022,600 as of September 30, 2020, compared to HKD 538,991 as of March 31, 2020, indicating improved liquidity[48]. - Accounts receivable increased to approximately HKD 757.8 million, primarily due to revenue growth and delayed payments from government clients[25]. - The aging analysis of accounts receivable shows that HKD 719,245,000 (94.4%) was within 90 days as of September 30, 2020, compared to HKD 303,299,000 (89.9%) as of March 31, 2020[94]. Capital Expenditure and Investments - The group's capital expenditure for the period was approximately HKD 22.7 million, mainly for vehicle purchases to provide environmental hygiene services[32]. - The group acquired properties, plants, and equipment amounting to approximately HKD 22,681,000 for the six months ended September 30, 2020, compared to HKD 34,501,000 for the same period in 2019[93]. - The total capital commitments for the purchase of properties, plants, and equipment were HKD 33,360,000 as of September 30, 2020, compared to HKD 1,103,000 as of March 31, 2020[106]. Shareholder Information and Governance - The company did not recommend any interim dividend for the six months ended September 30, 2020[90]. - The company has adopted the corporate governance code as per the listing rules to enhance shareholder value and accountability[130]. - The company complied with all applicable provisions of the corporate governance code during the period[131]. - The interests of directors and senior management in the company's shares and related securities were disclosed as of September 30, 2020, with no additional interests reported[116]. Debt and Liabilities - Total liabilities increased to HKD 741,701 from HKD 344,255, reflecting the company's expansion and investment activities[48]. - The company reported a contingent liability of HKD 426,551,000 related to performance guarantees as of September 30, 2020, up from HKD 285,358,000 as of March 31, 2020[102]. - Total borrowings due within one year amounted to HKD 396,599,000 as of September 30, 2020, compared to HKD 94,963,000 as of March 31, 2020[99].

Financial Performance - The group recorded revenue of approximately HKD 1,785.0 million, an increase of about 24.5% compared to HKD 1,433.4 million in the previous year[9]. - Profit for the year was approximately HKD 28.5 million, up about 30.5% from HKD 21.8 million in the previous year[9]. - Gross profit was approximately HKD 121.1 million, representing a 17.0% increase from HKD 103.5 million in the previous year[9]. - Revenue from government clients was approximately HKD 1,196.6 million, a 37.7% increase from HKD 869.2 million in the previous year[9]. - Revenue from non-government clients was approximately HKD 588.4 million, a growth of 4.3% from HKD 564.2 million in the previous year[9]. - The overall gross profit margin decreased from approximately 7.2% to 6.8% due to increased market competition and rising labor costs[26]. - Street cleaning services and building cleaning services contributed approximately 30% and 27% of total revenue, respectively, for the year ended March 31, 2020[27]. - Service costs for the year ended March 31, 2020, were approximately HKD 1,663.8 million, representing 93.2% of the group's revenue, an increase from 92.8% in 2019[31]. - Gross profit for the year ended March 31, 2020, was approximately HKD 121.1 million, a 17.0% increase from HKD 103.5 million in 2019, with a gross margin of 6.8% compared to 7.2% in 2019[32]. - The net profit attributable to equity holders for the year ended March 31, 2020, was approximately HKD 28.5 million, reflecting a 30.5% increase from HKD 21.8 million in 2019[36]. Operational Developments - The fleet size increased from about 100 vehicles to 300 vehicles, including specialized vehicles for various environmental hygiene services[11]. - The company plans to implement advanced automation equipment to alleviate labor shortages and reduce costs[11]. - The introduction of an environmental hygiene technology system aims to enhance service quality and efficiency, aligning with smart city trends[14]. - The company is actively researching smart environmental protection technologies to further automate and professionalize its services[14]. - Enhanced safety training and protective equipment are provided to employees, especially during the COVID-19 pandemic, to ensure compliance with health and safety protocols[15]. - The group plans to introduce more innovative technologies and equipment to enhance the quality and efficiency of its environmental hygiene services[28]. - The establishment of Johnson Environmental Limited and Fast Clean Limited in April 2020 aims to strengthen logistics for waste collection and provide advanced environmental hygiene service technologies[28]. - The company is addressing labor shortages and high turnover rates by introducing advanced automation equipment and reviewing employee compensation packages[139]. Strategic Initiatives - The group is exploring opportunities for mergers and acquisitions or strategic partnerships in the environmental hygiene services sector to create long-term value[28]. - The group recognizes new opportunities in the mainland China environmental hygiene services market due to recent government policies on environmental protection and waste management[28]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of $10 million earmarked for potential deals[59]. - Market expansion plans include entering two new regions, which are anticipated to increase market share by 8%[59]. - The company aims to enhance customer satisfaction scores by 15% through improved service delivery strategies[59]. Governance and Management - The company has a strong board with independent directors providing oversight, including Mr. Fan, who is also the chairman of the audit committee[76]. - The company is focused on strategic management and operational decisions, with a strong emphasis on financial planning and corporate governance[72]. - The board composition includes members with diverse backgrounds in finance, law, and academia, ensuring a well-rounded approach to decision-making[79]. - The company has established three committees: audit committee, remuneration committee, and nomination committee, each with defined powers and responsibilities[117]. - The board is responsible for leading and controlling the company, ensuring effective internal controls and risk management systems[108]. - The company has implemented a whistleblowing policy to allow employees to report misconduct confidentially[152]. Financial Position and Capital Management - Total bank and other borrowings as of March 31, 2020, amounted to approximately HKD 116.9 million, up from HKD 113.7 million in 2019[41]. - The current ratio as of March 31, 2020, was approximately 1.6 times, an increase from 1.4 times in 2019[39]. - Capital expenditures for the year ended March 31, 2020, totaled approximately HKD 72.9 million, significantly higher than HKD 18.7 million in 2019, primarily due to vehicle acquisitions for environmental services[45]. - The capital debt ratio as of March 31, 2020, was approximately 46.6%, a decrease from 76.9% in 2019[43]. - The group maintained a strong cash position with cash and cash equivalents of approximately HKD 169.0 million as of March 31, 2020, compared to HKD 87.3 million in 2019[39]. - The company has maintained a strong balance sheet, with total assets valued at H million and a debt-to-equity ratio of I[83]. Shareholder Relations and Dividends - The company emphasizes the importance of effective communication with shareholders to enhance investor relations[166]. - The company did not recommend the payment of a final dividend for the year ending March 31, 2020, consistent with no dividend in 2019[175]. - The company has adopted a dividend policy without a fixed payout ratio, allowing for flexibility based on financial performance and business needs[168]. Risk Management - The company has identified major risks categorized as strategic, operational, financial, and compliance risks[139]. - The board has reviewed the effectiveness of the risk management and internal control systems, finding them adequate and effective[152]. - The company has established clear written policies and procedures for risk management, which are regularly reviewed[149].

Financial Performance - The company recorded revenue of approximately HKD 853.4 million for the six months ended September 30, 2019, representing a 23.4% increase compared to the same period last year[12]. - Profit attributable to owners increased by approximately HKD 2.1 million or 16.2% to about HKD 15.4 million, primarily due to a gross profit increase of approximately HKD 6.5 million from customers[12]. - The group's gross profit for the period was approximately HKD 58.5 million, an increase of about 12.5% from HKD 52.0 million in the corresponding period of 2018[20]. - Revenue for the six months ended September 30, 2019, was HKD 853,395,000, representing a 23.4% increase from HKD 691,767,000 in the same period of 2018[42]. - Operating profit increased to HKD 24,821,000, compared to HKD 19,616,000 in the previous year, reflecting a growth of 26.5%[42]. - The net profit attributable to equity holders was approximately HKD 15.4 million, a 16.2% increase from HKD 13.3 million in the same period last year[23]. Cost and Expenses - The overall gross profit margin decreased from approximately 7.5% to 6.9% due to increased labor costs and intense market competition[12]. - Service costs for the six months ended September 30, 2019, were approximately HKD 794.9 million, accounting for about 93.1% of the revenue, an increase of 0.6% compared to the previous year[19]. - Administrative expenses rose to approximately HKD 34.6 million from HKD 32.7 million, primarily due to an increase in director bonuses and slight increases in the number and average salary of administrative staff[21]. - Financing costs increased to approximately HKD 5.1 million from HKD 3.1 million, representing about 0.6% and 0.4% of total revenue respectively, mainly due to increased bank borrowings[22]. Assets and Liabilities - As of September 30, 2019, the total accounts receivable amounted to approximately HKD 454.6 million, up from HKD 268.8 million, primarily due to increased revenue and delayed settlements from government clients[27]. - The group's cash and cash equivalents were approximately HKD 97.0 million, an increase from HKD 87.3 million, maintaining a healthy liquidity position[28]. - The total bank borrowings as of September 30, 2019, were approximately HKD 285.8 million, significantly up from HKD 113.7 million[29]. - Current liabilities increased to HKD 487,378,000 from HKD 281,495,000, indicating a rise in short-term obligations[44]. - The net asset value as of September 30, 2019, was HKD 176,474,000, up from HKD 161,029,000, reflecting a healthy equity position[44]. Shareholder Information - Major shareholder Hong Kong Huafa Investment Holdings Limited holds 221,250,000 shares, representing approximately 44.25% of the company's issued share capital[158]. - The company’s significant shareholder, Guangdong Environmental Protection, holds 153,750,000 shares, which is approximately 30.75% of the issued share capital[158]. - Major shareholder Harvest Vista Company Limited holds 153,750,000 shares, representing 30.75% of the company's issued share capital[160]. - Hong Kong Nanyang International Trade Co., Ltd. holds 45,000,000 shares, accounting for 9.00% of the company's issued share capital[160]. Corporate Governance - The company has adopted the corporate governance code principles following its listing on the main board of the Stock Exchange[172]. - The board will continue to review and monitor the company's practices to maintain high standards of corporate governance[174]. - All directors confirmed compliance with the standard code of conduct for securities trading from the listing date to the report date[175]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated financial statements for the period[177]. Future Plans and Investments - The company plans to utilize proceeds from the global offering to acquire additional vehicles and equipment to enhance service capabilities and increase market share[17]. - The company intends to develop or acquire operational vehicles related to waste management to improve service delivery and operational flexibility[17]. - The company aims to expand its service offerings to enhance competitiveness and improve financial performance[15]. Market Conditions - The increase in revenue was primarily driven by growth in government sector clients[18]. - The company has observed a high turnover rate in the environmental hygiene services market and is offering competitive compensation and development opportunities to retain staff[13]. Financial Reporting and Compliance - The company’s financial statements were approved by the board on November 28, 2019, indicating timely governance and oversight[148]. - The external auditor conducted a review of the group's unaudited condensed financial statements in accordance with the relevant Hong Kong standards[178].