股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 德利機械控股有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02102 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底法定/ ...

Financial Performance - The company recorded revenue of approximately HKD 151.5 million for the six months ended January 31, 2025, representing an increase of about 14.3% compared to HKD 132.6 million for the same period in 2024[7] - The total profit and comprehensive income increased by approximately 64.7% to HKD 14.0 million for the six months ended January 31, 2025, up from HKD 8.5 million for the same period in 2024[7] - Earnings per share for the six months ended January 31, 2025, were approximately HKD 1.40, compared to HKD 0.85 for the same period in 2024[7] - The company's gross profit for the six months ended January 31, 2025, was HKD 37.5 million, compared to HKD 32.4 million for the same period in 2024[9] - Operating profit for the six months ended January 31, 2025, was HKD 16.96 million, an increase from HKD 10.63 million for the same period in 2024[9] - The group's profit for the six months ended January 31, 2025, was HKD 14,001,000, compared to HKD 8,510,000 for the same period in 2024, representing a year-on-year increase of 64.8%[32] - The company's profit attributable to owners increased by approximately 64.7% from about HKD 8.5 million for the six months ended January 31, 2024, to about HKD 14.0 million for the current period[45] - Earnings per share for the current period was approximately HKD 1.40, up about 64.7% from approximately HKD 0.85 for the same period last year[46] - Revenue increased by approximately 14.3% from about HKD 132.6 million to about HKD 151.5 million, driven by increased sales of heavy equipment and parts, as well as rental income[48] - Gross profit rose by approximately 15.7% from about HKD 32.4 million to about HKD 37.5 million, with a gross margin of approximately 24.8% compared to 24.4% in the previous year[50] Dividends - The board declared an interim dividend of HKD 0.015 per share, expected to be paid on April 24, 2025[7] - The company declared a final dividend of HKD 1.5 cents per share for the year ended 2024, totaling HKD 15,000,000, compared to HKD 5,000,000 for the previous year[31] - The board declared an interim dividend of HKD 0.015 per ordinary share, payable on April 24, 2025, to shareholders listed on the register as of April 10, 2025[64] Cash Flow and Liquidity - The company reported a net cash inflow from operating activities of HKD 50,135,000 for the six months ended January 31, 2025, compared to a cash outflow of HKD 6,079,000 in the same period last year, marking a significant improvement[13] - The company’s cash and cash equivalents at the end of the period rose to HKD 105,863,000, up from HKD 45,278,000 at the end of the previous period, reflecting a net increase of HKD 32,098,000[13] - The company’s financing activities resulted in a net cash outflow of HKD 17,350,000, compared to an inflow of HKD 6,940,000 in the previous year, primarily due to increased dividend payments[13] - The company's liquidity ratio as of January 31, 2025, was approximately 11.4 times, with cash and bank balances of about HKD 105.9 million[57] - The company has no bank borrowings as of January 31, 2025, and maintains a low debt-to-equity ratio of approximately 0.8%[57] Assets and Liabilities - The company's cash and bank balances increased to HKD 105.86 million as of January 31, 2025, compared to HKD 73.77 million as of July 31, 2024[10] - Total assets less current liabilities amounted to HKD 464.94 million as of January 31, 2025, slightly down from HKD 467.44 million as of July 31, 2024[10] - The company's net asset value as of January 31, 2025, was HKD 442.73 million, compared to HKD 443.73 million as of July 31, 2024[10] - The company reported a decrease in trade and lease receivables to HKD 62.97 million as of January 31, 2025, from HKD 81.63 million as of July 31, 2024[10] - Trade and lease receivables as of January 31, 2025, amounted to HKD 68,173,000, down from HKD 88,279,000 as of July 31, 2024, a decline of 22.7%[35] - The expected credit loss provision for trade and lease receivables was HKD 5,208,000 as of January 31, 2025, compared to HKD 6,648,000 as of July 31, 2024, showing a reduction of 21.6%[35] Expenses - The cost of sold inventory for the six months ended January 31, 2025, was HKD 69,575,000, up from HKD 55,904,000 in 2024, indicating a rise of 24.5%[28] - The cost of revenue for the current period was approximately HKD 114.0 million, an increase of about 13.8% from approximately HKD 100.2 million, primarily due to a corresponding increase in sales of machinery and equipment[49] - Administrative and other operating expenses increased by approximately 3.2% to about HKD 22.4 million, mainly due to higher overall operating costs and marketing expenses[53] Government Support and Grants - The company received government grants totaling HKD 310,000 during the reporting period, compared to HKD 19,000 in the previous year, indicating increased support from government initiatives[23] Employment - The group employed 118 full-time employees as of January 31, 2025, an increase from 107 employees as of July 31, 2024[62] - Total employee costs, including director remuneration, were approximately HKD 27.9 million for the period, compared to HKD 28.6 million for the six months ending January 31, 2024[62] Corporate Governance - The group’s interim results for the period were not reviewed by external auditors but were reviewed by the audit committee, which consists of three independent non-executive directors[78] - The chairman and CEO of the company is Zhou Lianfa, who made the announcement on March 21, 2025[79] - The board confirmed compliance with the standard code for securities transactions throughout the period[74] Shareholder Information - Generous Way Limited holds 750 million shares, representing 75% of the company's issued shares, with both the chairman and a non-executive director having equal beneficial ownership[67] - The company has not granted or agreed to grant any share options under the share option scheme since its adoption, with a maximum of 100 million shares available for grant[72] - The company did not purchase, sell, or redeem any of its listed securities during the period[73] - There were no significant events affecting the group reported after the end of the period up to the report date[76]

Financial Performance - The company recorded revenue of approximately HKD 151.5 million for the six months ended January 31, 2025, representing an increase of about 14.3% compared to HKD 132.6 million for the same period in 2024[3] - The total profit and comprehensive income increased by approximately 64.7% to HKD 14.0 million for the six months ended January 31, 2025, up from HKD 8.5 million for the same period in 2024[3] - Earnings per share for the six months ended January 31, 2025, was approximately HKD 1.40, compared to HKD 0.85 for the same period in 2024[3] - Gross profit for the six months ended January 31, 2025, was HKD 37.5 million, up from HKD 32.4 million for the same period in 2024[5] - Operating profit increased to HKD 17.0 million for the six months ended January 31, 2025, compared to HKD 10.6 million for the same period in 2024[5] - The company reported a net profit attributable to shareholders of HKD 14,001,000 for the six months ended January 31, 2025, up from HKD 8,510,000 in the previous year, reflecting a growth of approximately 64.5%[23] - The total customer contract revenue amounted to HKD 103,370,000 for the six months ended January 31, 2025, compared to HKD 94,526,000 for the same period in 2024, marking an increase of about 9.8%[16] - The segment performance showed a profit of HKD 16,855,000 for the six months ended January 31, 2025, compared to HKD 10,142,000 for the same period in 2024, indicating a year-over-year increase of about 66.5%[16] - Total profit and comprehensive income increased by approximately 64.7% to approximately HKD 14.0 million, with a net profit margin rising from approximately 6.4% to about 9.2%[49] Revenue Breakdown - Revenue from heavy equipment and spare parts sales was HKD 88.8 million for the six months ended January 31, 2025, compared to HKD 73.7 million for the same period in 2024[13] - Revenue from leasing heavy equipment was HKD 48.1 million for the six months ended January 31, 2025, compared to HKD 38.1 million for the same period in 2024[13] - For the six months ended January 31, 2025, external customer revenue reached HKD 151,466,000, an increase from HKD 132,583,000 for the same period in 2024, representing a growth of approximately 14.2%[16] - Revenue increased by approximately 14.3% from about HKD 132.6 million to about HKD 151.5 million, driven by higher sales of heavy equipment and parts[40] Costs and Expenses - The company incurred a cost of sales of HKD 69,575,000 for the six months ended January 31, 2025, compared to HKD 55,904,000 in the previous year, which is an increase of approximately 24.4%[22] - Cost of revenue rose by approximately 13.8% to about HKD 114.0 million, primarily due to increased sales of machinery, equipment, and parts[41] - Administrative and other operating expenses increased by approximately HKD 0.7 million or about 3.2% to approximately HKD 22.4 million for the six months ended January 31, 2024[46] - Financing costs decreased by approximately HKD 0.4 million or about 80.0% to approximately HKD 0.1 million due to no bank borrowings during the period[47] - Income tax expenses increased by approximately HKD 1.2 million or about 74.9% due to an increase in taxable profits during the period[48] Dividends - The board declared an interim dividend of HKD 0.015 per share, expected to be paid in cash on or around April 24, 2025[3] - The company declared a final dividend of HKD 15,000,000 for the year ended 2024, compared to HKD 5,000,000 for the year ended 2023, indicating a substantial increase in shareholder returns[22] Cash and Assets - The company reported a net cash balance of HKD 105.9 million as of January 31, 2025, compared to HKD 73.8 million as of July 31, 2024[7] - Total assets less current liabilities amounted to HKD 464.9 million as of January 31, 2025, slightly down from HKD 467.4 million as of July 31, 2024[7] - As of January 31, 2025, the current ratio was approximately 11.4 times, down from 12.6 times as of July 31, 2024, with cash and bank balances of approximately HKD 105.9 million[50] Investments and Commitments - The company acquired property, plant, and equipment at a cost of approximately HKD 318,000,000 for the six months ended January 31, 2025, down from HKD 572,000,000 for the same period in 2024[24] - The company has capital commitments of approximately HKD 562,000 for the purchase of properties, plants, and equipment as of January 31, 2025[34] Other Financial Metrics - The company reported a bank interest income of HKD 481,000 for the six months ended January 31, 2025, significantly higher than HKD 24,000 in the previous year[18] - The company experienced a foreign exchange loss of HKD 1,360,000 for the six months ended January 31, 2025, compared to a loss of HKD 462,000 in the previous year[18] - The deferred tax expense for the six months ended January 31, 2025, was HKD (808,000), a decrease from HKD (3,169,000) in the previous year, indicating improved tax efficiency[19] - The company recorded a reversal of expected credit loss provisions of about HKD 1.4 million during the period, compared to a provision of about HKD 0.4 million in the previous period[44] - Trade and lease receivables as of January 31, 2025, amounted to HKD 68.173 million, down from HKD 88.279 million as of July 31, 2024, after accounting for expected credit loss provisions[26] Corporate Governance - The group's interim results for the period were reviewed by the Audit Committee, consisting of three independent non-executive directors[67] - The chairman and CEO of the company is Zhou Lianfa, with other executive directors including Liao Shuyi and Wu Huiying[67] - The Audit Committee is chaired by Mr. Luo Zilian, with members including Sir Guo Zhaowen and Dr. Huang Wenxian[67] Future Outlook - The company plans to continue diversifying its supplier base and promoting various safety smart site systems and innovative quality products to enhance sustainability and competitiveness[38] - Future average annual capital works expenditure in Hong Kong is expected to increase to about HKD 120 billion, driven by infrastructure projects[38] Miscellaneous - The company has no significant acquisitions, investments, or capital asset plans during the period[54] - The company has no significant contingent liabilities as of January 31, 2025[55] - The company has not purchased, sold, or redeemed any of its listed securities during the period[63] - The total employee cost for the period was approximately HKD 27.9 million, compared to HKD 28.6 million for the six months ended January 31, 2024[57]

Financial Performance - For the fiscal year ending July 31, 2024, the company reported a net profit attributable to shareholders of approximately HKD 7.1 million, consistent with the net profit recorded for the fiscal year ending July 31, 2023[16]. - The earnings per share for the fiscal year was HKD 0.71, unchanged from the previous year[16]. - Total revenue for the year ended July 31, 2024, reached approximately HKD 279.3 million, an increase of about HKD 7.3 million or 2.7% compared to approximately HKD 272.0 million for the previous year[21]. - Revenue from the sale of new and used heavy equipment and parts increased from approximately HKD 142.3 million to approximately HKD 158.4 million, representing a growth of about HKD 16.1 million or 11.3%[25]. - Revenue from heavy equipment leasing decreased from approximately HKD 116.8 million to approximately HKD 105.3 million, a decline of about HKD 11.5 million or 9.8%[26]. - Revenue from maintenance, logistics, and other ancillary services increased from approximately HKD 12.9 million to approximately HKD 15.6 million, an increase of about HKD 2.7 million or 20.9%[27]. - The cost of revenue for the year ended July 31, 2024, was approximately HKD 222.0 million, an increase of about HKD 3.1 million or 1.4% compared to approximately HKD 218.9 million for the previous year[29]. - Gross profit increased from approximately HKD 53.1 million to approximately HKD 57.3 million, a rise of about HKD 4.2 million or 7.9%[30]. - The gross profit margin for the year ended July 31, 2024, was approximately 20.5%, up from approximately 19.5% for the previous year[30]. - Total profit and comprehensive income for the year ending July 31, 2024, was approximately HKD 7.1 million, with a net profit margin decreasing from about 2.6% to approximately 2.5%[37]. Dividends - The board proposed a final dividend of HKD 0.015 per share, subject to approval at the upcoming annual general meeting[16]. - The board proposed a final cash dividend of HKD 0.015 per ordinary share for the year ending July 31, 2024, subject to shareholder approval[38]. Financial Condition - The financial condition remains robust, supported by high liquidity and a low debt-to-equity ratio despite challenging business conditions in Hong Kong[16]. - The current ratio as of July 31, 2024, was approximately 12.6 times, up from about 9.4 times as of July 31, 2023[40]. - Cash and bank balances totaled approximately HKD 73.8 million as of July 31, 2024, compared to HKD 47.0 million as of July 31, 2023[40]. - The debt-to-equity ratio was approximately 1.3% as of July 31, 2024, down from about 2.6% as of July 31, 2023[40]. - As of July 31, 2024, the distributable reserves available for shareholders are approximately HKD 91.8 million, down from HKD 94.9 million as of July 31, 2023[102]. Operational Developments - The company launched the latest Hitachi ZAXIS-7 series hydraulic excavators, designed to enhance work efficiency and safety, featuring a collision safety system and Aerial Angle AI camera[17]. - The integrated ConSite® system monitors abnormal operating conditions, such as sudden changes in oil properties and overheating[17]. - The company also offers the Bell brand articulated dump trucks equipped with the Fleetm@tic® satellite-based fleet management system, providing continuous tracking and production data[17]. - A series of solutions, including the Hitachi ZAXIS-7 excavators and Bell articulated dump trucks, have been pre-approved for the Construction Industry Innovation and Technology Fund[17]. - The company continues to provide comprehensive "one-stop services" for earthmoving equipment users and adopts flexible fleet management strategies for its leasing business[16]. - The company aims to enhance construction site safety, productivity, and asset management through advanced technology solutions[16]. Employee and Governance - The total employee cost for the year ending July 31, 2024, was approximately HKD 55.0 million, down from HKD 66.0 million in the previous year[121]. - The company employed 107 full-time employees as of July 31, 2024, a decrease from 133 employees a year earlier[121]. - The company has adopted a share option scheme to incentivize employees and directors since June 30, 2017[121]. - The board of directors is composed of seven members, with more than 50% being non-executive directors, including independent non-executive directors, and three female directors, achieving gender diversity[136]. - The independent non-executive directors contribute diverse business and financial expertise, actively participating in board meetings and various committees[137]. - The company has received written confirmations of independence from all independent non-executive directors, ensuring compliance with the independence guidelines[139]. - The company has established mechanisms to ensure the board receives independent opinions and advice, with independent non-executive directors meeting at least once a year without the presence of other directors[140]. Risk Management - The company’s financial performance, operations, and outlook may be affected by various risks and uncertainties[75]. - The board is responsible for assessing the nature and extent of risks the company is willing to accept to achieve its strategic objectives, ensuring effective risk management and internal control systems are in place[167]. - An external consultant was engaged to assist in identifying and assessing the group's risks and to review the effectiveness of the risk management and internal control systems[170]. Audit and Compliance - The audit committee has reviewed the consolidated financial statements for the fiscal year ending July 31, 2024, confirming compliance with applicable accounting standards and sufficient disclosure[126]. - The independent auditor has confirmed that the consolidated financial statements reflect the group's financial position as of July 31, 2024, in accordance with Hong Kong Financial Reporting Standards[188]. - Key audit matters identified by the auditor are considered important for the audit of the consolidated financial statements[190]. Shareholder Communication - The company has adopted a shareholder communication policy to ensure effective communication with shareholders, which is reviewed annually[183]. - The company’s website serves as a primary channel for communication, providing regular updates on products, services, and projects[185].

Financial Performance - Revenue for the year ended July 31, 2024, was HKD 279,335,000, representing a 2.7% increase from HKD 271,997,000 in the previous year[1] - Gross profit increased by 7.9% to HKD 57,317,000 compared to HKD 53,102,000 in the prior year[1] - Shareholders' profit attributable to the company was HKD 7,086,000, a slight increase of 0.1% from HKD 7,077,000[2] - Basic and diluted earnings per share remained stable at HKD 0.71[2] - Operating profit rose to HKD 12,458,000, up from HKD 9,600,000, indicating a strong operational performance[2] - The company's total equity increased to HKD 443,727,000 from HKD 441,641,000, indicating a stable financial position[3] - The annual profit attributable to the company's owners was HKD 7,086,000 in 2024, slightly up from HKD 7,077,000 in 2023[27] - The group's total profit and comprehensive income for the year ending July 31, 2024, remained at approximately HKD 7.1 million, with a net profit margin decreasing from about 2.6% to 2.5%[47] Revenue Breakdown - Customer contract revenue for the year was HKD 195,055,000, compared to HKD 185,282,000 in the previous year, indicating an increase of about 5.2%[11] - Heavy equipment and parts sales generated revenue of HKD 158,430,000 for the year ended July 31, 2024, up from HKD 142,298,000 in the previous year, reflecting a growth of approximately 11.4%[11] - Rental services for heavy equipment contributed HKD 105,279,000 in revenue, a decrease from HKD 116,842,000 in the previous year, showing a decline of about 9.3%[15] - Maintenance, logistics, and other ancillary services generated revenue of HKD 15,626,000, compared to HKD 12,857,000 in the previous year, marking an increase of approximately 21.5%[11] - Revenue from the sale of heavy equipment and parts increased from approximately HKD 142.3 million to approximately HKD 158.4 million, representing a rise of about HKD 16.1 million or 11.3%[37] - Revenue from heavy equipment leasing and related services decreased from approximately HKD 116.8 million to approximately HKD 105.3 million, a decline of about HKD 11.5 million or 9.8%[38] - Revenue from maintenance, logistics, and other ancillary services increased from approximately HKD 12.9 million to approximately HKD 15.6 million, an increase of about HKD 2.7 million or 20.9%[39] Dividends - The final dividend per share increased significantly by 200.0% to HKD 1.5 from HKD 0.5 in the previous year[1] - The proposed final dividend for 2024 is HKD 15,000,000, up from HKD 5,000,000 in 2023, reflecting a 200% increase[26] - The board proposed a final cash dividend of HKD 0.015 per ordinary share, subject to shareholder approval[48] Assets and Liabilities - Total assets decreased slightly to HKD 306,560,000 from HKD 308,946,000 year-over-year[3] - Net current assets increased to HKD 282,299,000 from HKD 276,171,000, reflecting improved liquidity[3] - Trade and lease receivables decreased to HKD 81,631,000 in 2024 from HKD 103,085,000 in 2023, a decline of 20.8%[28] - The provision for trade and lease receivables increased to HKD 6,648,000 in 2024 from HKD 3,499,000 in 2023, a rise of 90.1%[28] - The company's contract liabilities rose significantly to HKD 8,729,000 in 2024 from HKD 1,707,000 in 2023, marking a 411.5% increase[29] Costs and Expenses - The cost of revenue for the fiscal year ending July 31, 2024, was approximately HKD 222.0 million, an increase of about HKD 3.1 million or 1.4% compared to approximately HKD 218.9 million for the previous year[40] - Total employee costs, including directors' remuneration, decreased to HKD 54,995,000 in 2024 from HKD 66,010,000 in 2023, a reduction of 16.8%[23] - The company's financing costs increased to HKD 1,082,000 in 2024 from HKD 863,000 in 2023, representing a 25.4% rise[20] - Administrative and other operating expenses decreased by approximately HKD 0.2 million or 0.5% to about HKD 42.1 million[44] - Financing costs increased by approximately HKD 0.2 million or 22.2% to about HKD 1.1 million, primarily due to increased interest expenses from new lease liabilities[45] - Income tax expenses increased by approximately HKD 2.6 million or 158.4% due to the reversal of previously recognized tax losses[46] Employee Information - As of July 31, 2024, the group employed 107 full-time employees, a decrease from 133 employees as of July 31, 2023[59] - Total employee costs for the year ended July 31, 2024, were approximately HKD 56.0 million, down from approximately HKD 66.0 million in the previous year, reflecting a reduction of about 15.15%[59] - The company has adopted a share option scheme since June 30, 2017, to incentivize employees and directors for their contributions[59] Corporate Governance and Compliance - The board has adhered to the good corporate governance principles as per the Stock Exchange Listing Rules, with a noted deviation regarding the roles of the Chairman and CEO[60] - The independent auditor confirmed that the financial statements for the year ended July 31, 2024, are consistent with the audited consolidated financial statements[64] - The company did not purchase, sell, or redeem any of its listed securities during the year ended July 31, 2024[62] - The annual report for the year ended July 31, 2024, will be published in accordance with the Listing Rules and made available to shareholders[68] Future Outlook - The company anticipates continued strong demand for heavy equipment in the coming years, driven by government infrastructure projects with an expected annual investment of over HKD 90 billion[35] - The company plans to diversify its supplier base and procure various technological safety systems and smart products to enhance sustainability and competitiveness[35] Events and Changes - The company is currently evaluating the impact of new accounting standards on its financial reporting[7] - The company has not early adopted any new or revised Hong Kong Financial Reporting Standards that are effective after January 1, 2024[8] - There have been no significant events affecting the company since the reporting period[33] - The company has no significant financial impact from the recent amendments to the Employment Ordinance regarding long service payments as of July 31, 2024[32] Meeting and Registration - The company will hold its 2024 Annual General Meeting on November 26, 2024[65] - The share transfer registration will be suspended from November 21, 2024, to November 26, 2024, for the upcoming Annual General Meeting[66] - The company will also suspend share transfer registration from December 3, 2024, to December 5, 2024, for the proposed final dividend[67]

（於開曼群島註冊成立的有限公司） 股份代號 : 2102 中 期 業 績 報 告 2023-2024 截至2024年1月31日止六個月業績 01 德利機械控股有限公司 2023-2024 中期業績報告 目錄 | 公司資料 | 2 | | --- | --- | | 財務摘要 | 3 | | 中期簡明綜合損益及其他全面收益表 | 4 | | 中期簡明綜合財務狀況表 | 5 | | 中期簡明綜合權益變動表 | 6 | | 中期簡明綜合現金流量表 | 7 | | 中期簡明綜合財務報表附註 | 8 | | 管理層討論及分析 | 18 | | 企業管治及其他資料 | 23 | 德利機械控股有限公司 02 2023-2024 中期業績報告 公司資料 董事會 執行董事 周聯發先生 （主席兼行政總裁） 廖淑儀女士 吳慧瑩女士 非執行董事 鄭如雯女士 獨立非執行董事 郭兆文黎剎騎士勳賢 羅子璘先生 黃文顯博士 公司秘書 吳慧瑩女士 授權代表 周聯發先生 吳慧瑩女士 董事委員會 審核委員會 羅子璘先生 （主席） 郭兆文黎剎騎士勳賢 黃文顯博士 薪酬委員會 黃文顯博士 （主席） 郭兆文黎剎騎士勳賢 羅子璘先生 提名委員會 郭兆文黎 ...

Financial Performance - The group recorded revenue of approximately HKD 132.6 million for the six months ended January 31, 2024, an increase of about 0.8% compared to approximately HKD 131.6 million for the same period in 2023[3] - The total profit and comprehensive income increased by approximately 57.4% to about HKD 8.5 million for the six months ended January 31, 2024, compared to approximately HKD 5.4 million for the same period in 2023[3] - Earnings per share for the six months ended January 31, 2024, was approximately HKD 0.85, up from HKD 0.54 for the same period in 2023[3] - The group reported a profit of HKD 10,142,000 for the six months ended January 31, 2024, compared to HKD 6,580,000 for the same period in 2023, marking a 54% increase[20] - Profit and total comprehensive income for the period increased by approximately 57.4% from about HKD 5.4 million to approximately HKD 8.5 million, with a net profit margin rising from about 4.1% to approximately 6.4%[54] Revenue Breakdown - Heavy equipment sales and parts generated revenue of HKD 73,675,000, up 17.5% from HKD 62,686,000 in the previous year[17] - The rental of heavy equipment saw a decline in revenue to HKD 38,057,000, down 18% from HKD 46,453,000 year-on-year[17] - Maintenance and ancillary services revenue increased significantly to HKD 9,483,000, up 60% from HKD 5,917,000 in the prior year[17] - Revenue for the current period increased by approximately 0.8% from about HKD 131.6 million to about HKD 132.6 million, driven by an increase in heavy equipment and parts sales by approximately HKD 11.0 million[45] Cost and Expenses - Gross profit for the six months ended January 31, 2024, was approximately HKD 32.4 million, compared to HKD 29.8 million for the same period in 2023, reflecting an increase in gross margin[5] - The group reported a decrease in the cost of revenue to HKD 100.2 million for the six months ended January 31, 2024, from HKD 101.8 million for the same period in 2023[5] - Administrative and other operating expenses decreased by approximately HKD 1.0 million or about 4.5% to approximately HKD 22.2 million, mainly due to reduced depreciation and marketing expenses[51] - Financing costs decreased by approximately HKD 0.1 million or about 16.7% to approximately HKD 0.5 million, attributed to a reduction in average bank borrowings compared to the same period last year[52] Assets and Liabilities - The group’s total assets increased to HKD 340.6 million as of January 31, 2024, compared to HKD 308.9 million as of July 31, 2023[7] - Current liabilities increased to HKD 41.8 million as of January 31, 2024, from HKD 32.8 million as of July 31, 2023[7] - The net asset value of the group was HKD 445.2 million as of January 31, 2024, compared to HKD 441.6 million as of July 31, 2023[7] - Trade and lease receivables decreased from HKD 106.6 million as of July 31, 2023, to HKD 100.6 million as of January 31, 2024, after accounting for impairment losses[32] - The group’s trade payables as of January 31, 2024, amounted to approximately HKD 8.8 million, down from HKD 10.5 million as of July 31, 2023[36] Dividends and Shareholder Returns - The group declared a dividend of HKD 5 million during the period, compared to HKD 10 million in the previous period[8] - The company has decided not to declare any interim dividend for the six months ended January 31, 2024, consistent with the previous year[27] - The board decided not to declare any interim dividend for the six months ended January 31, 2024, consistent with the previous period[63] Accounting and Compliance - The group plans to adopt new accounting guidelines by July 31, 2024, which may impact future financial statements, although the full effect is not yet estimable[15] - The group has begun implementing changes to its accounting policies to align with new guidelines from the Hong Kong Institute of Certified Public Accountants[15] - The interim results for the period have not been reviewed by external auditors but have been reviewed by the audit committee, which consists of three independent non-executive directors[71] - The board is not aware of any significant events affecting the group that occurred after the end of the period and up to the date of this announcement[70] Future Outlook and Strategy - The group expects an average annual investment of over HKD 90 billion in public works projects over the next few years, driven by government infrastructure initiatives[43] - The group plans to diversify its supplier base and procure various technological safety systems and smart products to enhance sustainability and competitiveness[43] Employment and Workforce - The group employed 107 full-time employees as of January 31, 2024, down from 133 on July 31, 2023, with total employee costs of approximately HKD 28.6 million[62] Other Income - The group’s total other income and gains amounted to HKD 866,000 for the six months ended January 31, 2024, compared to HKD 692,000 in the previous year, indicating a 25.1% increase[17] - Other income and net gains rose from approximately HKD 0.7 million to about HKD 0.9 million, an increase of approximately 28.6%, primarily due to increased net gains from the sale of properties, plants, and equipment[49]

Financial Performance - The company reported a significant decrease in net profit attributable to shareholders, down 84.3% to approximately HKD 7.1 million for the year ended July 31, 2023, compared to HKD 45.1 million for the previous year[23]. - Earnings per share for the year were HKD 0.71, a decline from HKD 4.51 in the previous year[23]. - Total revenue for the year ended July 31, 2023, was approximately HKD 272.0 million, a decrease of about HKD 123.2 million or 31.2% from approximately HKD 395.2 million for the year ended July 31, 2022[34]. - Revenue from the sale of heavy equipment and parts decreased by approximately HKD 45.2 million or 24.1%, from approximately HKD 187.5 million to approximately HKD 142.3 million[35]. - Revenue from heavy equipment leasing and related services decreased by approximately HKD 80.2 million or 40.7%, from approximately HKD 197.0 million to approximately HKD 116.8 million[36]. - Revenue from maintenance and auxiliary services increased by approximately HKD 2.2 million or 20.6%, from approximately HKD 10.7 million to approximately HKD 12.9 million[38]. - Cost of revenue for the year ended July 31, 2023, was approximately HKD 218.9 million, a decrease of about HKD 89.3 million or 29.0% from approximately HKD 308.2 million for the previous year[39]. - Gross profit decreased from approximately HKD 87.0 million to approximately HKD 53.1 million, a decline of about 39.0%[40]. - The gross profit margin for the year ended July 31, 2023, was approximately 19.5%, down from approximately 22.0% for the previous year[40]. - Other income and net gains decreased from approximately HKD 7.2 million for the year ended July 31, 2022, to approximately HKD 1.9 million for the year ended July 31, 2023, a decline of about 73.6%[41]. - Income tax expenses decreased by approximately HKD 6.6 million or about 79.5% for the year ended July 31, 2023, in line with the decrease in profit[46]. Dividends and Shareholder Information - The board proposed a final dividend of HKD 0.5 per share, subject to approval at the upcoming annual general meeting[23]. - The proposed final cash dividend is HKD 0.005 per ordinary share, subject to approval at the upcoming annual general meeting[48]. - The company had approximately HKD 94.9 million available for distribution to shareholders as of July 31, 2023, compared to HKD 95.7 million as of July 31, 2022[109]. - The annual general meeting is scheduled for November 28, 2023, with a suspension of share transfer registration from November 23 to November 28, 2023[81]. - Shareholders holding at least 10% of voting rights can request a special general meeting to address specified matters[195]. - The company secretary must verify the identity and shareholding of the requesting shareholders[196]. - If the board fails to convene the meeting within 21 days of the request, the requesting shareholders may call the meeting themselves[196]. - The company is obligated to reimburse reasonable expenses incurred by the requesting shareholders if the board fails to hold the meeting[196]. Management and Governance - The company reported a significant increase in overall management and strategic planning under the leadership of the CEO, Mr. Zhou, who has over 25 years of experience in the heavy equipment industry[60]. - The company has expanded its board with independent directors who bring over 30 years of experience in accounting and finance, enhancing governance and oversight[68][69]. - The company is committed to maintaining high standards of corporate governance through the expertise of its independent directors[68][69]. - The management team is well-equipped to navigate market challenges and capitalize on growth opportunities in the heavy equipment industry[60][62]. - The board consists of seven members, with more than 50% being non-executive directors, including independent non-executive directors, and three out of seven directors are female, reflecting gender diversity[141]. - The independent auditor, RSM Hong Kong, is proposed for reappointment at the upcoming annual general meeting[132]. - The company has maintained good corporate governance practices in accordance with the applicable codes, with a noted deviation from code provision C.2.1[131]. - The board has established mechanisms to ensure independent opinions are provided, promoting a culture of open discussion among directors[145]. - The company emphasizes the importance of integrity and ethical conduct in its operations, supported by a code of conduct and anti-fraud policies[137]. - The board has established mechanisms to provide independent views and opinions to enhance governance practices[177]. - The company aims to continuously improve its corporate governance standards in response to changing environments and demands[177]. Operational Strategies and Innovations - The company continues to provide "one-stop service" for earthmoving equipment users and has adopted flexible fleet management strategies for its leasing business[24]. - Advanced technology solutions have been implemented, including the ConSite® system for Hitachi excavators and the Fleetm@tic® satellite-based fleet management system for Bell brand articulated dump trucks[24]. - The company has introduced several hybrid hydraulic and electric excavators in Hong Kong to meet customer demand while showcasing energy-saving performance[25]. - A series of solutions have been pre-approved for the Construction Industry Innovation and Technology Fund, including smart safety systems and AI-equipped Mobile360 systems[24]. - The company remains cautiously optimistic about the future demand for heavy equipment, anticipating an average annual investment of over HKD 100 billion in public works projects in the coming years[31]. - The company aims to leverage its extensive experience in the heavy equipment sector to explore new market opportunities and product innovations[60][61]. Employee and Workforce Information - As of July 31, 2023, the company has 133 full-time employees, a decrease from 180 employees as of July 31, 2022[124]. - The total employee cost for the fiscal year ending July 31, 2023, was approximately HKD 66.0 million, down from HKD 100.0 million in the previous year[124]. - The employee team consists of over 75% technical and operational staff, with a higher proportion of male employees compared to female employees[192]. - The board does not see the necessity to establish measurable goals for gender diversity in the workforce due to the nature of the business and labor supply conditions[192]. Risk Management and Compliance - The company emphasizes the importance of risk management to mitigate financial and operational risks[85]. - The group has complied with relevant laws and regulations that significantly impact its business and operations during the year[87]. - The audit committee is responsible for reviewing financial reports and internal control systems to ensure accurate financial assessments[165]. - An external consultant was hired to assist in identifying and assessing the group's risks and to review the effectiveness of the risk management and internal control systems[186]. - The board has authorized the audit committee to oversee the risk management and internal control systems, ensuring they are adequate and effective[185]. Charitable Contributions and Community Engagement - The group made charitable donations totaling HKD 78,000 during the year ended July 31, 2023[80].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Tak Lee Machinery Holdings Limited 德 利 機 械 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：2102） 截至二零二三年七月三十一日止年度 全年業績公告 財務摘要 • 於截至二零二三年七月三十一日止年度，本集團收入約達272.0百萬港元， 較截至二零二二年七月三十一日止年度的約395.2百萬港元減少約31.2%。 • 本集團溢利及全面收益總額由截至二零二二年七月三十一日止年度的約 45.1百萬港元減少至截至二零二三年七月三十一日止年度的約7.1百萬港元， 減幅約達84.3%。 • 截至二零二三年七月三十一日止年度的本公司擁有人應佔每股盈利約為0.71 港仙（二零二二年：約4.51港仙）。 • 董事會建議就截至二零二三年七月三十一日止年度派付現金末期股息每股 普通股0.5港仙，惟須待股東於二零二三年股東週年大會上批准。 ...

Financial Performance - The company reported revenue of approximately HKD 131.6 million for the six months ended January 31, 2023, a decrease of about 27.5% compared to HKD 181.5 million for the same period in 2022[6]. - The total profit and comprehensive income decreased by approximately 68.4% to HKD 5.4 million, down from HKD 17.1 million in the previous year[6]. - Earnings per share for the period were approximately HKD 0.54, compared to HKD 1.71 for the same period last year[6]. - The group reported a segment profit of HKD 6.580 million for the six months ended January 31, 2023, compared to HKD 20.328 million in the previous year, representing a decline of 67.6%[18]. - Total profit and comprehensive income for the period decreased by approximately 68.4% from about HKD 17.1 million to approximately HKD 5.4 million, with a net profit margin dropping from about 9.4% to approximately 4.1%[52]. Revenue Breakdown - Total revenue for the six months ended January 31, 2023, was HKD 131.606 million, a decrease of 27.5% from HKD 181.486 million in the same period last year[16]. - Revenue from heavy equipment and parts sales was HKD 62.686 million, down 13.4% from HKD 72.387 million year-on-year[16]. - Rental-related operating services revenue decreased by 54.3% to HKD 16.550 million from HKD 36.140 million[16]. - Maintenance and ancillary services revenue increased by 25.4% to HKD 5.917 million from HKD 4.718 million[16]. - Revenue decreased by approximately 27.5% from about HKD 181.5 million to approximately HKD 131.6 million, primarily due to a reduction in heavy equipment and parts sales by about HKD 9.7 million and a decrease in rental income by about HKD 41.4 million[43]. Expenses and Costs - The cost of goods sold for the period was HKD 47.038 million, down from HKD 61.177 million, reflecting a decrease of 23.1%[23]. - Employee costs, including directors' remuneration, decreased by 34.2% to HKD 35.218 million from HKD 53.543 million[23]. - Administrative and other operating expenses rose by approximately 16.0% from about HKD 20.0 million to approximately HKD 23.2 million, attributed to overall increases in operating costs[48]. - Financing costs increased by approximately 20.0% from about HKD 0.5 million to approximately HKD 0.6 million, primarily due to an increase in average bank borrowings[49]. Cash Flow and Assets - Operating cash flow for the six months ended January 31, 2023, was a net outflow of HKD 10.2 million, compared to a net inflow of HKD 49.7 million in the previous year[12]. - The company's cash and cash equivalents decreased to HKD 46.5 million at the end of the period from HKD 87.2 million at the beginning of the period[12]. - Total assets less current liabilities amounted to HKD 462.5 million as of January 31, 2023, compared to HKD 469.8 million as of July 31, 2022[9]. - Non-current assets decreased to HKD 172.9 million as of January 31, 2023, from HKD 190.0 million as of July 31, 2022[9]. - Trade and lease receivables decreased from HKD 97.2 million as of July 31, 2022, to HKD 85.0 million as of January 31, 2023[29]. Dividends and Shareholder Information - The company decided not to declare any interim dividend for the six months ended January 31, 2023, compared to a dividend of HKD 0.01 per share for the same period in 2022[6]. - The company did not declare any interim dividend for the six months ended January 31, 2023, compared to an interim dividend of HKD 0.01 per share for the same period in 2022[25]. - As of January 31, 2023, Generous Way Limited held 750 million shares, representing 75% of the company's issued shares[65]. Market and Operational Insights - The company continues to provide various heavy equipment for projects related to the expansion of Hong Kong's Terminal 2 and the three-runway system despite a decline in demand for heavy vehicles due to the COVID-19 pandemic[40]. - The company maintains a cautious optimism regarding the future demand for heavy equipment due to anticipated government infrastructure investments exceeding HKD 100 billion annually[41]. - The group did not report any significant new product developments or market expansions during this period[19]. - All revenue was generated in Hong Kong, with no identifiable assets or liabilities located outside of Hong Kong[19]. Governance and Compliance - The company has adhered to the corporate governance principles and complied with applicable code provisions, except for the separation of the roles of Chairman and CEO[60]. - The company has not granted or agreed to grant any share options under its share option scheme since its adoption on June 30, 2017, with a maximum of 100 million shares available for grant[66]. - The group has no significant contingent liabilities as of January 31, 2023, consistent with the previous year[57]. - The company has not identified any conflicts of interest related to its business operations during the period[67]. Audit and Reporting - The interim results for the period have not been audited but were reviewed by the audit committee consisting of three independent non-executive directors[74]. - No significant events affecting the group have occurred after the end of the reporting period up to the date of this report[73].