年報 ANNUAL REPORT 2025 ANNUAL REPORT 2025 年報 CONTENTS 目錄 | Corporate Information | 2 | | --- | --- | | 企業信息 | | | Financial Highlights | 4 | | 財務摘要 | | | Management Discussion and Analysis | 6 | | 管理層討論及分析 | | | Biographical Details of Directors | 10 | | 董事履歷詳情 | | | Corporate Governance Report | 13 | | 企業管治報告 | | | Report of Directors | 32 | | 董事會報告 | | | Independent Auditor's Report | 44 | | 獨立核數師報告 | | | Consolidated Statement of Profit or Loss and Other Comprehensive Income | 49 | | 綜合損益及其他全面收益表 | | | Co ...

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倚 賴該等內容而引致的任何損失承擔任何責任。 Century Group International Holdings Limited 世紀集 團國際控股 有限公司 （於開曼群島註冊成立之有限公司） (股份代號 : 02113) 截至二零二五年三月三十一日止年度之 年度業績公告 世紀集團國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公 司及其附屬公司（統稱「本集團」）截至二零二五年三月三十一日止年度（「報告期間」）之 經審核綜合財務業績連同二零二四年三月三十一日止年度之比較數字: 財務摘要 • 本集團截至二零二五年三月三十一日止年度之持續經營業務收益約為 15,900,000 港元 （二零二四年：約 47,500,000 港元）。 • 截至二零二五年三月三十一日止年度之持續經營業務毛損約為 3,400,000 港元（二零二四 年：約 5,400,000 港元）。 • 截至二零二五年三月三十一日止年度本公司擁有人應佔虧損約為 ...

Financial Performance - The group's revenue for the six months ended September 30, 2024, was approximately HKD 8,331,000, compared to HKD 29,684,000 for the same period in 2023, representing a decline of about 72%[2] - The loss attributable to owners of the company for the reporting period was approximately HKD 6,152,000, compared to a loss of HKD 6,188,000 for the same period in 2023, indicating a slight improvement[2] - The basic and diluted loss per share for the period was approximately HKD 0.01, consistent with the loss per share for the same period in 2023[2] - The group reported a gross loss of HKD (6,635,000) for the period, compared to a gross loss of HKD (5,255,000) for the same period in 2023[2] - The group's total comprehensive loss for the period was HKD (6,152,000), slightly better than the total comprehensive loss of HKD (6,272,000) for the same period in 2023[2] - The company reported a net loss of approximately HKD 6,200,000 for the six months ended September 30, 2024[13] - The company recorded a net loss of approximately HKD 6,200,000 for the reporting period, consistent with the net loss reported in the same period in 2023[33] Cash Flow and Assets - The net cash used in operating activities was HKD (2,118,000) for the six months ended September 30, 2024, compared to HKD (11,410,000) for the same period in 2023, showing a significant reduction in cash outflow[7] - The group's cash and cash equivalents decreased to HKD 621,000 at the end of the reporting period from HKD 2,121,000 at the beginning of the period[7] - The total assets less current liabilities amounted to HKD (20,053,000) as of September 30, 2024, compared to HKD (13,901,000) as of March 31, 2024, indicating a worsening financial position[3] - The company’s current liabilities and total liabilities were approximately HKD 20,100,000 as of September 30, 2024[13] - As of September 30, 2024, the group's bank balance was approximately HKD 600,000, down from HKD 2,100,000 as of March 31, 2024[35] Expenses and Cost Management - The group's administrative expenses for the period were HKD 1,503,000, compared to HKD 2,846,000 for the same period in 2023, reflecting a reduction in costs[2] - Total employee costs amounted to HKD 7,674,000, down from HKD 22,445,000, indicating a reduction of 65%[23] - The company’s administrative expenses for the reporting period were approximately HKD 1,500,000, a decrease of about HKD 1,300,000 or 47.2% compared to the same period in 2023[32] - The total employee cost during the reporting period was approximately HKD 7,700,000, significantly reduced from HKD 22,400,000 in the previous year[39] - The group employed 31 staff members as of September 30, 2024, down from 83 employees in the previous year[39] Dividends and Shareholder Returns - The group did not declare any interim dividend for the reporting period, consistent with the previous year[1] - The company did not declare or propose any dividends during the reporting period, consistent with the previous year[24] - The company did not declare or propose any dividends during the reporting period, consistent with the previous year[45] Revenue Sources - Revenue from construction and site preparation services in Hong Kong was HKD 8,331,000, a decrease from HKD 29,684,000 in the same period last year, representing a decline of 72%[17] - Other income for the six months ended September 30, 2024, was HKD 324,000, a decrease from HKD 2,139,000 in the previous year, reflecting a decline of 85%[19] Debt and Liabilities - The company had other short-term borrowings of HKD 6,238,000 as of September 30, 2024, an increase from HKD 5,120,000 as of March 31, 2024[28] - The total interest-bearing debt as of September 30, 2024, was approximately HKD 6,200,000, an increase from HKD 5,100,000 as of March 31, 2024[35] - The group's debt-to-equity ratio as of September 30, 2024, was 0.31, improved from 0.37 as of March 31, 2024[35] Project and Contract Management - The company has two ongoing projects with a total contract amount of HKD 323,600,000 as of September 30, 2024, down from four projects totaling approximately HKD 437,700,000 in the previous year[30] - The company had contract assets of HKD 393,000 and HKD 35,227,000 in retention money as of September 30, 2024, compared to HKD 1,764,000 and HKD 37,374,000 respectively as of March 31, 2024[27] - Trade receivables aged 0-30 days amounted to HKD 485,000 as of September 30, 2024, down from HKD 1,134,000 as of March 31, 2024[26] - The company has not granted standard credit periods for construction contracts, with individual credit terms specified in project contracts[26] Corporate Governance and Compliance - The audit committee has reviewed and approved the unaudited interim results and financial statements for the reporting period[49] - The company has maintained compliance with corporate governance codes and standards throughout the reporting period[46][47] - The company adopted all new and revised Hong Kong Financial Reporting Standards effective from April 1, 2024, with no significant impact on the financial statements[16] Strategic Developments - The company has terminated its liquefied natural gas trading segment, which was previously reported as a discontinued operation[21] - The Chief Executive's policy report outlines future infrastructure development directions in Hong Kong, emphasizing support for the construction industry and the creation of more job opportunities[34] - There were no capital commitments or contingent liabilities reported as of September 30, 2024[41][43] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period[44]

Financial Performance - The Company reported a significant increase in operational and financial performance, with a year-on-year revenue growth of 15%[15] - Revenue from continuing and discontinued operations for the year ended March 31, 2024, was HK$47,543,000, a decrease from HK$132,421,000 in 2023, representing a decline of approximately 64.1%[55] - Loss for the year ended March 31, 2024, was HK$12,913,000, compared to a loss of HK$22,544,000 in 2023, indicating an improvement of about 42.5%[55] - The Group recorded revenue of approximately HK$47.5 million for the Reporting Period, representing a decrease of approximately HK$79.7 million or 62.6% compared to approximately HK$127.2 million for the corresponding period in 2023[71] - The Group's total gross loss amounted to approximately HK$5.4 million for the Reporting Period, a decrease of approximately HK$17.4 million or 76.4% compared with approximately HK$22.8 million for the corresponding period in 2023[72] User Growth and Market Outlook - User data showed a 20% increase in active users, reaching a total of 2 million users by the end of the reporting period[15] - The Company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[15] - New product launches are expected to contribute an additional $50 million in revenue over the next year[15] - Market expansion plans include entering three new international markets by the end of the next fiscal year[15] Corporate Governance - The Board has implemented mechanisms to ensure independent views are available, enhancing decision-making processes[9] - Attendance at Board meetings was satisfactory, indicating strong governance practices[9] - The Company maintains a balanced power structure within the Board, consisting of two executive directors and three independent non-executive directors[15] - The Company has maintained a high standard of regulatory reporting and ensures a balance in the Board for effective independent judgment on corporate actions[17] - The Board has a balanced composition of Executive Directors and Independent Non-Executive Directors, ensuring strong independent judgment[31] - The Company has adopted an anti-corruption and whistleblowing policy to uphold business integrity in its operations[27] - The Board will continue to regularly review and monitor its corporate governance practices to ensure compliance with the CG Code[46] - The Directors are responsible for disclosing details of other offices held, ensuring transparency in governance[19] - The Company has arranged appropriate insurance coverage for Directors and senior management against legal actions arising from corporate activities[22] - The Board believes that its current composition satisfies corporate governance requirements regarding expertise, skills, and experience[24] Operational Efficiency and Risk Management - The Group is committed to improving operational efficiency and strengthening risk control measures, which are core competitive advantages[28] - The company has a commitment to maintaining strong internal controls and risk management procedures as part of its governance framework[49] - The Group aims to strengthen its competitive edge and increase shareholder returns by enhancing cost control measures and resource management policies[58] - The Group has been actively monitoring market conditions and taking appropriate measures to mitigate the impact of unfavorable market factors[58] - The Group is committed to stringent cost control measures and enhancing workflow efficiency to address uncertainties in the Hong Kong economy and competition in the site formation market[88] Audit and Compliance - The Audit Committee held two meetings during the Reporting Period, with full attendance from all members[115] - The Audit Committee reviewed financial reporting matters, including interim and annual results, and assessed the effectiveness of risk management and internal control systems[115] - The company has three independent non-executive directors on the Audit Committee, with Ms. Lam Yuen Man Maria serving as the chair[132] - The company ensures all directors are informed of statutory and regulatory developments to enhance their understanding of good corporate governance practices[126] - The company encourages continuous professional development for all directors, covering relevant training costs[126] Financial Position and Assets - Non-current assets decreased to HK$256,000 in 2024 from HK$551,000 in 2023, reflecting a decline of approximately 53.6%[55] - Current assets totaled HK$41,627,000 in 2024, down from HK$67,252,000 in 2023, a decrease of about 38.2%[55] - The Group's net current liabilities amounted to HK$14.157 million as of 31 March 2024[56] - Total equity attributable to owners of the Company was reported as (HK$13.901 million) as of 31 March 2024[56] - As of March 31, 2024, the Group had bank balances of approximately HK$2.1 million, down from approximately HK$6.9 million in 2023[72] Project and Business Operations - The Group was awarded 1 new project with a total contract sum of approximately HK$1.0 million (2023: approximately HK$13.6 million) during the Reporting Period[66] - As of 31 March 2024, approximately HK$23.5 million has been recognized as revenue from ongoing projects, with approximately HK$5.6 million generated from previously completed projects[66] - The Group continues to focus on site formation works in the Hong Kong construction industry despite facing increasing operational costs and market competition[58] - The Group ceased operating the Trading Segment during the Reporting Period, which recorded a loss of approximately HK$5.4 million[72] - As of March 31, 2024, the Group had 2 projects on hand with a total contract sum of approximately HK$323.6 million (2023: approximately HK$436.7 million)[91] Financial Instruments and Risks - The Group's financial instruments include trade and other receivables, with associated risks including credit risk, interest rate risk, and liquidity risk[165] - The Group's credit risk on bank balances is limited as counterparties are reputable banks with high credit ratings[166] - The Group's liquidity risk is managed by maintaining floating interest rate deposits, which minimizes cash flow interest rate risk[177] - The Group's trade receivables and contract assets are subject to individual credit evaluations before tender proposals are submitted[166] - The Group's policy is to ensure follow-up actions are taken to recover overdue debts, minimizing credit risk[166]

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倚 賴該等內容而引致的任何損失承擔任何責任。 Century Group International Holdings Limited 世紀集 團國際控股 有限公司 （於開曼群島註冊成立之有限公司） (股份代號 : 02113) 截至二零二四年三月三十一日止年度之 年度業績公告 世紀集團國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公 司及其附屬公司（統稱「本集團」）截至二零二四年三月三十一日止年度（「報告期間」）之 經審核綜合財務業績連同二零二三年三月三十一日止年度之比較數字: 財務摘要 • 本集團截至二零二四年三月三十一日止年度之持續經營業務收益約為 47,500,000 港元 （二零二三年：約 127,200,000 港元）。 • 截至二零二四年三月三十一日止年度之持續經營業務毛損約為 5,400,000 港元（二零二三 年：約 22,800,000 港元）。 • 截至二零二四年三月三十一日止年度本公司擁有人應佔虧損 ...

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倚賴該 等內容而引致的任何損失承擔任何責任。 Century Group International Holdings Limited 世紀集 團國際控股 有限公司 （於開曼群島註冊成立之有限公司） (股份代號 : 02113) 截至二零二三年九月三十日止六個月之 中期業績公告 世紀集團國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司 及其附屬公司（統稱「本集團」）截至二零二三年九月三十日止六個月（「報告期間」）之未經 審核綜合中期業績連同二零二二年同期之比較數字: 財務摘要 ⚫ 本集團於報告期間之收益約為 29,700,000 港元（截至二零二二年九月三十日止六個月： 約73,800,000港元）。 ⚫ 於報告期間本公司擁有人應佔虧損約為 6,200,000 港元（截至二零二二年九月三十日止六 個月：約16,400,000港元）。 ⚫ 於報告期間之每股基本及攤薄虧損約為 1 港仙（截至二零二二年九月三十日止六個月： 約 ...

Financial Performance - Revenue for the year ended March 31, 2023, was HK$132,421,000, a decrease of 60% compared to HK$332,610,000 in 2022[8] - Cost of sales and services for the same period was HK$154,996,000, down from HK$352,713,000 in 2022, indicating a significant reduction in operational costs[8] - The gross loss for the year was HK$22,575,000, compared to a gross loss of HK$20,103,000 in the previous year[8] - Loss before taxation was HK$22,772,000, slightly improved from a loss of HK$23,876,000 in 2022[8] - The total loss for the year was HK$22,544,000, compared to HK$24,032,000 in 2022, showing a reduction in losses[8] - The Group recorded a net gross loss of approximately HK$22.8 million, compared to approximately HK$23.7 million in 2022, primarily due to an unexpected increase in material costs in a construction project[19] - The Group recorded total revenue of approximately HK$132.4 million for the Reporting Period, representing a decrease of 60.2% from approximately HK$332.6 million in 2022[44][48] - The total gross loss for the Reporting Period was approximately HK$22.6 million, an increase of 12.3% from approximately HK$20.1 million in 2022[45][49] - The loss and total comprehensive expense for the Reporting Period were approximately HK$22.5 million and HK$22.7 million, respectively, compared to approximately HK$24.0 million for both in 2022[53] Assets and Liabilities - Non-current assets decreased to HK$791,000 from HK$2,038,000 in 2022, reflecting a decline in long-term asset value[8] - Current assets totaled HK$67,252,000, down from HK$88,822,000 in 2022, indicating a decrease in liquidity[8] - Trade and other receivables decreased to HK$14,176,000 from HK$24,115,000 in 2022, showing improved collection or reduced sales[8] - Contract assets increased to HK$46,209,000 from HK$42,788,000 in 2022, suggesting growth in ongoing projects[8] - The Group's total equity as of March 31, 2023, was recorded at (HK$901,000), a significant decrease from HK$21.8 million in 2022[9] - The Group's net current liabilities amounted to (HK$1.7 million), a decline from HK$19.9 million in 2022[9] - The Group's non-current liabilities included lease liabilities of HK$125,000 and deferred tax liabilities of HK$180,000[9] Operational Highlights - The Group was awarded 1 new project (2022: 2) and had 5 prior years' projects carried forward, resulting in a turnover of approximately HK$127.2 million (2022: HK$227.0 million)[18] - The Trading Segment contributed approximately HK$5.2 million to the Group's revenue, a decrease of approximately 95.1%, attributed to high LNG prices and COVID-19 related disruptions[21] - As of 31 March 2023, the company had 3 projects on hand with a total contract sum of approximately HK$436.7 million, down from HK$575.8 million in 2022[31][33] - For the year ended 31 March 2023, 3 projects were completed with a total contract sum of approximately HK$152.7 million, contributing approximately HK$25.8 million in turnover, a decrease from HK$81.0 million in 2022[31][33] Cost Management and Efficiency - The Group continues to strengthen its cost control measures and resource management policies to maintain market competitiveness despite challenges[20] - Administrative expenses decreased by 30.5% to approximately HK$6.9 million, down from approximately HK$9.9 million in 2022[52] - The total staff costs for the year, including directors' emoluments, amounted to approximately HK$69.0 million, a slight decrease from approximately HK$70.8 million in 2022[64] - The Group employed 124 staff as of March 31, 2023, down from 147 staff in 2022, with an average of 136 staff during the year[64] Corporate Governance - The Company emphasizes the importance of achieving high standards of corporate governance to safeguard shareholder interests and enhance corporate value[104] - The Board is committed to maintaining effective internal control measures and upholding high standards of ethics and transparency in all business aspects[104] - The Company has a strong focus on corporate governance practices to ensure compliance with applicable laws and regulations[105] - The Company recognizes the need for transparency and accountability to shareholders as part of its governance framework[105] - The Company has appointed independent non-executive directors to enhance governance and oversight[97] - The Company’s audit committee is chaired by an independent non-executive director, ensuring rigorous financial oversight[97] - The Company has a remuneration committee and a nomination committee to address compensation and board member selection[97] - The Company’s directors have extensive experience in finance, accounting, and corporate governance, contributing to effective management[100][99] - The Company aims to promote a culture of integrity and responsibility across its operations[104] - The Company has adopted a Securities Dealing Code that complies with the Model Code for Securities Transactions by Directors of Listed Issuers, ensuring all Directors confirmed compliance during the Reporting Period[106] - The Company has complied with all provisions of the Corporate Governance Code during the Reporting Period, except for the separation of roles between the Chairman and CEO[114] Board Composition and Responsibilities - The Board consists of five Directors, including two executive Directors and three independent non-executive Directors, maintaining a balance of skills and experience[125] - The Chairman is Mr. Wang Feng, and the CEO position is currently vacant, with responsibilities shared by the executive directors[132] - The roles of Chairman and CEO are not separated, which deviates from the CG Code provision C.2.1[136] - The Company has three independent non-executive directors, with at least one possessing appropriate professional accounting expertise[138] - All independent non-executive directors have confirmed their independence in accordance with Listing Rules[142] - The Board is responsible for directing and supervising the Company's affairs and ensuring sound internal control and risk management systems[150] - The Audit Committee held two meetings during the Reporting Period, with full attendance from all three Independent Non-Executive Directors[177] - The Audit Committee is responsible for reviewing the overall effectiveness of internal control and risk management systems, ensuring the completeness, accuracy, and fairness of financial statements[169] - The Board reviews the effectiveness of mechanisms ensuring independent views and input annually[143] - The Company believes that the current board composition provides a strong independent element for effective decision-making[129] Risk Management and Compliance - The Group is committed to improving operational efficiency and strengthening risk control measures as core competitiveness[124] - The Company has adopted anti-corruption and whistleblowing policies to uphold business integrity[123] - The Board will continue to review and monitor corporate governance practices to ensure compliance with the Corporate Governance Code[116] - The Company has arranged appropriate insurance coverage for Directors and senior management against legal actions arising from corporate activities, reviewed annually[158] Committees and Meetings - The Audit Committee reviewed financial reporting matters, including interim and annual results, and assessed the effectiveness of risk management and internal control systems during the Reporting Period[181] - The Remuneration Committee met once during the Reporting Period to review the remuneration policy and packages for all Directors[193] - The Nomination Committee is responsible for reviewing the structure, size, and composition of the Board at least annually, ensuring alignment with the Board Diversity Policy[195] - The Remuneration Committee's recommendations for Directors' remuneration are based on prevailing market conditions and individual responsibilities[184] - The Nomination Committee comprises three Independent Non-Executive Directors, with Mr. Chung Man Lai serving as the chairman[200] - The Audit Committee's terms of reference align with the Corporate Governance Code and are available on the Company and Stock Exchange websites[182] - The Remuneration Committee's attendance for the meeting was 100% for all members[192]

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之內容概不負 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倚賴該等內容而引致的任何損失承擔任何責任。 Century Group International Holdings Limited 世 紀 集 團 國 際 控 股 有 限 公 司 (於開曼群島註冊成立之有限公司) (股份代號: 2113) 有關截至二零二三年三月三十一日止年度 之年度業績公告 之補充公告 謹此提述世紀集團國際控股有限公司（「本公司」）日期為二零二三年六月二十九 日有關本公司及其附屬公司（統稱「本集團」）截至二零二三年三月三十一日止年 度業績公告（「該公告」）。除另有界定者外，本公告所用詞彙與該公告所界定者 具有相同涵義。本公司謹此提供有關該公告內財務報表附註3的更新資料。 本公司謹此澄清該公告內財務報表附註3應為如下： 「3. 綜合財務報表編製基準及主要會計政策 3.1 綜合財務報表編製基準 綜合財務報表已根據香港會計師公會頒佈之香港財務報告準則編製。就編製綜合財 ...

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倚 賴該等內容而引致的任何損失承擔任何責任。 Century Group International Holdings Limited 世紀集 團國際控股 有限公司 （於開曼群島註冊成立之有限公司） (股份代號 : 02113) 截至二零二三年三月三十一日止年度之 年度業績公告 世紀集團國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公 司及其附屬公司（統稱「本集團」）截至二零二三年三月三十一日止年度（「報告期間」）之 經審核綜合財務業績連同二零二二年三月三十一日止年度之比較數字: 財務摘要 • 本集團截至二零二三年三月三十一日止年度之收益約為 132,400,000港元（二零二二年： 約332,600,000港元）。 • 截至二零二三年三月三十一日止年度之毛損約為 22,600,000 港元（二零二二年：約 20,100,000港元）。 • 截至二零二三年三月三十一日止年度本公司擁有人應佔虧損約為 22,500,000 港 ...

Financial Performance - The Group's revenue for the Reporting Period was approximately HK$73.8 million, a decrease of approximately 56.6% compared to HK$170.0 million for the same period in 2021[10]. - Loss attributable to owners of the Company for the Reporting Period amounted to approximately HK$16.4 million, compared to a loss of approximately HK$15.6 million in the same period last year[10]. - The Group's total gross loss increased to approximately HK$17.2 million, representing a 13.2% increase from approximately HK$15.2 million in the corresponding period of 2021[21]. - Revenue from LNG trading was approximately HK$5.3 million, a significant decrease of 90.6% from approximately HK$56.2 million in the previous year[19]. - The overall gross loss margin during the Reporting Period was approximately 23.3%, compared to approximately 8.9% in 2021[21]. - Revenue for the Group was approximately HK$73.8 million, a decrease of approximately HK$96.2 million or 56.6% compared to approximately HK$170 million in the same period last year, primarily due to a lack of new projects and reduced demand for natural gas in China[26]. - The total gross loss for the Group was approximately HK$17.2 million, an increase of approximately HK$2 million or 13.2% from approximately HK$15.2 million in the same period last year, with a gross loss margin of approximately 23.3% compared to 8.9% in the previous year[26]. - LNG trading revenue decreased to approximately HK$5.3 million, down approximately HK$50.9 million or 90.6% from approximately HK$56.2 million in the same period last year, significantly impacted by the COVID-19 outbreak in Shanghai[25]. - The total loss before taxation for the period was HK$16,662,000, compared to a loss of HK$15,752,000 in the previous year, indicating a slight increase in losses[88]. - Total comprehensive expense for the period was HK$16,597,000, compared to HK$15,584,000 in the same period last year, representing an increase of 6.5%[55]. Revenue Sources - The Group recognized approximately HK$67.9 million in revenue from four ongoing projects, with a total contract sum of approximately HK$533.1 million as of September 30, 2022[15]. - Revenue from construction and site formation services in Hong Kong was HK$68,480,000, down 39.8% from HK$113,805,000 in the previous year[79]. - The Group's other revenue for the Reporting Period was approximately HK$4.2 million, a slight decrease of 2.3% compared to approximately HK$4.3 million in the previous year[23]. - Sales of goods amounted to HK$5,306,000, a significant decline of 90.6% from HK$56,195,000 in the prior period[79]. - Other income, including government grants related to Covid-19, amounted to HK$4,216,000, with HK$3,100,000 specifically for Covid-19 related subsidies[89][90]. Expenses and Costs - Administrative expenses decreased by approximately 26.5% to approximately HK$3.6 million, down from approximately HK$4.9 million in the same period last year[23]. - The Group's administrative expenses were approximately HK$3.6 million, a decrease of approximately HK$1.3 million or 26.5% from approximately HK$4.9 million in the same period last year, mainly due to reduced employee costs[27]. - Total staff costs for the six months ended September 30, 2022, were HK$33,597,000, down from HK$39,395,000 in the previous year, reflecting a reduction of approximately 14.3%[100]. - Finance costs for the period were HK$117,000, indicating a minimal financial burden[88]. Cash Flow and Assets - Net cash used in operating activities was HK$7,735,000, compared to HK$1,308,000 in the same period last year, indicating a worsening cash flow situation[79]. - Net cash generated from investing activities was HK$694,000, a decrease of 87.4% from HK$5,475,000 in the previous year[79]. - Net cash generated from financing activities was HK$7,031,000, a turnaround from a net cash used of HK$7,518,000 in the same period last year[79]. - Cash and cash equivalents at the end of the period were HK$5,982,000, a decrease from HK$6,200,000 at the beginning of the period[79]. - Current assets decreased slightly to HK$87,661,000 as of September 30, 2022, from HK$88,822,000 as of March 31, 2022[56]. - Current liabilities increased to HK$83,776,000 from HK$68,955,000, resulting in a net current assets value of HK$3,885,000, down from HK$19,867,000[56]. - Non-current assets decreased to HK$1,299,000 from HK$2,038,000, primarily due to reductions in plant and equipment and right-of-use assets[56]. Shareholder Information - The Group did not declare any interim dividend for the Reporting Period, consistent with the previous year[10]. - The Company reported a basic and diluted loss per share of HK$2.04 for the six months ended September 30, 2022, compared to HK$1.94 in the previous year[55]. - The total equity of the Company as of September 30, 2022, was HK$5,184,000, a significant decrease from HK$21,781,000 as of March 31, 2022[56]. - The Company’s reserves turned negative to HK$2,864,000 as of September 30, 2022, compared to positive reserves of HK$13,733,000 in the previous year[56]. - As of 30 September 2022, the company had 804,750,000 ordinary shares issued and fully paid, unchanged from 31 March 2022[14]. - No dividends were paid or proposed for ordinary shareholders during the reporting period[142]. Governance and Compliance - The Company has complied with all code provisions of the Corporate Governance Code during the reporting period[144][145]. - All directors confirmed compliance with the Model Code regarding securities transactions during the reporting period[146]. - The Group's governance framework aims to manage business risks and protect stakeholder interests[149]. - The Company has established an Audit Committee to assist the Board in fulfilling its responsibilities related to financial reporting and internal controls[155]. - The Audit Committee comprises three independent non-executive directors, ensuring effective communication regarding financial reporting and risk management[153]. - The Group's governance practices are aligned with the requirements of the Listing Rules, ensuring compliance and best practices[151]. - The Group's interim results reflect a commitment to high standards of corporate governance, which is crucial for business stability[149]. Employment and Staff - The Group employed 182 staff as of September 30, 2022, an increase from 150 staff as of March 31, 2022, with total staff costs amounting to approximately HK$33.6 million, down from approximately HK$39.4 million in the same period last year[41][48]. - The Group did not experience any significant problems with employees due to labor disputes during the reporting period[42]. - The aged analysis of trade receivables showed that amounts overdue by 0 to 30 days increased significantly to HK$11,338,000 from HK$1,626,000, indicating a substantial rise in short-term receivables[111]. Risks and Challenges - The Group does not hold any collateral over trade and other receivables, indicating a potential risk in credit management[107]. - The construction industry in Hong Kong is expected to develop steadily, with various short-term, medium-term, and long-term projects underway, which may provide strong momentum for further growth[30][31]. - No significant investments, acquisitions, or disposals of subsidiaries or associated companies occurred during the reporting period[125][130]. - The company has no plans for material investments or capital assets in the future[126][131].