香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公佈 之內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就 因本公佈全部或任何部分內容而產生或因依賴該等內容而引致之任何損失承 擔任何責任。 MAN KING HOLDINGS LIMITED 萬 景 控 股 有 限 公 司 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股 份 代 號：2193） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 年 度 之 全 年 業 績 公 佈 財務表現摘要 收益 452.8百萬港元 本公司擁有人應佔溢利 42.1百萬港元 每股基本盈利 10.04港仙 本公司擁有人應佔每股權益 0.74港元 ...

Financial Performance - The group's revenue for the six months ended September 30, 2022, was approximately HKD 234.1 million, an increase of about 28.4% compared to HKD 182.3 million for the same period last year[23]. - Gross profit for the same period was approximately HKD 43.5 million, representing a 41.0% increase from HKD 30.9 million year-on-year, with the gross profit margin rising from 16.9% to 18.6%[24]. - Net profit for the six months ended September 30, 2022, was approximately HKD 30.6 million, an increase from HKD 24.6 million year-on-year, primarily due to higher gross profits from construction projects[32]. - The group's share of profits from associates was approximately HKD 6.7 million, up about 17.4% from HKD 5.7 million in the previous period[30]. - Operating profit decreased to HKD 21,344,000, down 28.5% from HKD 29,912,000 in the previous year[79]. - Profit before tax increased to HKD 36,440,000, a 35% rise from HKD 27,015,000 in the prior year[82]. - The company's profit attributable to owners for the six months ended September 30, 2022, was HKD 30,585,000, compared to HKD 24,647,000 for the same period in 2021, representing a growth of approximately 24%[142]. Assets and Liabilities - Total assets as of September 30, 2022, amounted to HKD 447,857,000, an increase from HKD 415,888,000 at the end of March 2022[89]. - The group's net asset value increased by 6.5% from approximately HKD 279.1 million on March 31, 2022, to approximately HKD 297.2 million on September 30, 2022[34]. - Current assets increased by 7.9% from approximately HKD 158.2 million to approximately HKD 170.7 million, driven by increases in inventory and cash equivalents[34]. - The company's total liabilities, including trade and other payables, were HKD 83,421,000 as of September 30, 2022, compared to HKD 78,764,000 as of March 31, 2022, representing an increase of approximately 5.5%[169]. - The debt-to-equity ratio improved to approximately 1.1% on September 30, 2022, down from 1.5% on March 31, 2022[38]. Cash Flow and Dividends - Cash and cash equivalents amounted to approximately HKD 164.2 million as of September 30, 2022, up from HKD 153.3 million on March 31, 2022[35]. - Operating cash flow for the six months ended September 30, 2022, was HKD 30,554,000, a significant increase from HKD 10,747,000 in 2021, representing an increase of approximately 184.5%[102]. - The company paid dividends amounting to HKD 14,694,000, an increase from HKD 12,595,000 in the previous year, which is an increase of about 16.7%[105]. - The company has not declared any interim dividends for the six months ending September 30, 2022[60]. Expenses - Administrative expenses increased by 25.4% to approximately HKD 13.8 million, compared to HKD 11.0 million in the previous fiscal year[28]. - The total employee cost for the six months ending September 30, 2022, was approximately HKD 35.9 million, compared to HKD 27.8 million for the same period in 2021[63]. - Employee benefit expenses for the six months ended September 30, 2022, totaled HKD 39,570,000, compared to HKD 31,670,000 in the same period of 2021, reflecting an increase of approximately 25%[137]. Market Outlook and Challenges - The group anticipates challenges in achieving similar financial performance in the coming year due to a more difficult market environment and labor shortages[19]. - The government has committed to infrastructure spending, with an average annual expenditure exceeding HKD 1,000 million from 2023 to 2027, which provides a positive outlook for the group[20]. Investments and Projects - The group has eight ongoing projects and several completed projects with an estimated remaining contract value of approximately HKD 1,024 million[18]. - The group continues to focus on expanding its market presence and enhancing its operational efficiency through strategic investments in associates and contract management[150]. Shareholder Information - As of September 30, 2022, the company had a total of 300,372,000 shares held by major shareholders, representing 71.55% of the issued share capital[51]. - The company has not made any changes to its accounting policies or made retrospective adjustments due to the adoption of new standards[116]. Compliance and Governance - The company has maintained compliance with the corporate governance code, except for the separation of roles between the Chairman and CEO[55]. - The company believes that having one person serve as both Chairman and CEO is beneficial for efficient management[55].

Financial Performance - The group achieved a revenue of HKD 408.2 million for the fiscal year ending March 31, 2022, reflecting a robust development despite challenges[7]. - The group's revenue for the year ended March 31, 2022, was approximately HKD 408.2 million, an increase of about 47.6% compared to HKD 276.6 million in the previous fiscal year[25]. - Gross profit for the same period was approximately HKD 51.4 million, up about 74.8% from HKD 29.4 million in the previous year, with a gross margin increase from 10.6% to 12.6%[25][26]. - Net profit for the year ended March 31, 2022, was approximately HKD 36.9 million, compared to HKD 15.7 million in the previous fiscal year, driven by improved project gross margins and increased other income[37]. - The group's total assets increased by approximately 10.1% from HKD 253.6 million to HKD 279.1 million as of March 31, 2022[38]. - Current assets rose by approximately 37.8% from HKD 204.1 million to HKD 281.2 million, primarily due to an increase in cash generated from operating activities[38]. - Cash and cash equivalents as of March 31, 2022, were HKD 153.3 million, up from HKD 107.1 million in the previous year[39]. - The group's debt-to-equity ratio increased to approximately 1.5% as of March 31, 2022, compared to 0.6% in the previous year[41]. - The group recorded a share of profit from associates of approximately HKD 14.8 million for the year, compared to HKD 13.2 million in the previous year[32]. Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.035 per share, reflecting confidence in the group's future and financial stability[10]. - The company proposed a final dividend of HKD 0.035 per share, an increase from HKD 0.03 per share in the previous year[79]. - The proposed final dividend is subject to approval at the annual general meeting scheduled for August 23, 2022[84]. - The group received cash dividends totaling USD 1.9 million (approximately HKD 15.0 million) from its 20.3% stake in a Pakistan Belt and Road project[16]. - The group received dividends totaling approximately USD 1.9 million (equivalent to about HKD 15.0 million) from Rich Partner Global Limited, with cumulative dividends over the past three years amounting to approximately HKD 33.9 million[50]. Contracts and Projects - The group secured two new public works contracts in June and August 2021, with contract values of approximately HKD 306.6 million and HKD 467.7 million respectively[7]. - The estimated remaining contract value for ongoing projects is approximately HKD 1,306.8 million[16]. - The group anticipates increased government spending on public infrastructure to stimulate the local economy[7]. Operational Efficiency and Future Outlook - The group is optimistic about future market conditions and aims to increase market share and operational efficiency[13]. - The group plans to actively seek further acquisition opportunities and business collaborations to enhance operational efficiency and profitability[13]. - The group is actively seeking new investment opportunities to achieve sustainable returns and diversification, despite challenges posed by the global pandemic[50]. - The group has no major investment or capital asset plans for the future but will continue to monitor industry developments[53]. Employee and Safety Measures - The group continues to focus on employee safety and has maintained zero fatal accidents compared to industry statistics[12]. - The group has implemented strict COVID-19 prevention measures to ensure a safe working environment for employees[7]. - The group’s workforce increased to 171 full-time employees as of March 31, 2022, up from 123 in the previous year[48]. - Employee costs (excluding director remuneration) for the year ended March 31, 2022, totaled approximately HKD 64.7 million, up from HKD 49.1 million in the previous year[96]. - The group received government subsidies of approximately HKD 6.2 million from the "Employment Support" scheme, which offset employee costs for the year ended March 31, 2021[96]. - The group has improved overall safety performance and aims to reduce the accident rate in future years[185]. Corporate Governance - The company is committed to maintaining high standards of corporate governance as per the listing rules[126]. - The company emphasizes the importance of good corporate governance to enhance shareholder value and protect shareholder interests[131]. - The company has adopted the new corporate governance code effective from January 1, 2022, and will comply with it in the fiscal year starting from that date[132]. - The board of directors is composed of a balanced mix of members to ensure independent judgment on all discussions[133]. - The company has appointed three independent non-executive directors, constituting at least one-third of the board, with at least one possessing appropriate professional qualifications[139]. - The company has established a three-year service contract for executive directors, with provisions for termination requiring three months' written notice[145]. - The board is required to meet at least four times a year, ensuring regular oversight of the company's performance and risk management[140]. - The company has arranged appropriate insurance for its directors and senior officers to cover costs and liabilities arising from their duties[141]. - The company will review its governance structure periodically and make adjustments as necessary[142]. Audit and Compliance - The audit committee held four meetings to review the financial reporting procedures and the effectiveness of risk management and internal control systems, confirming compliance with applicable standards and regulations[166]. - The external auditor confirmed the independence and objectivity in verifying the financial statements, ensuring they fairly represent the group's financial status and performance[196]. - The group has engaged independent professionals to conduct internal audits and reviews of the risk management and internal control systems, confirming their effectiveness[171]. - The audit committee reviewed the adequacy of resources and training programs for accounting and financial reporting functions[171]. - The group has implemented procedures for handling and disclosing inside information in compliance with relevant regulations[172]. Charitable Contributions - The group made charitable donations amounting to HKD 536,100 for the year ended March 31, 2022[88].

Man King Holdings Limited 萬景控股有限公司 (於同曼群島註冊成立的有限公司) 股份代號：2193 2021 中期報告 Man King 萬景控股 目 錄 公司資料 管理層討論及分析 權益披露 企業管治及其他資料 中期財務資料審閱報告 簡明綜合中期損益及其他全面收益表 簡明綜合中 期財務狀況表 簡明綜合中期權益變動表 簡明綜合中期現金流量表 簡明綜合中期財務資料附註 頁次 2 3 9 13 15 17 18 20 21 23 公司資料 審核委員會 黃學曾 執行董事 盧源昌(主席) 盧奕昌 非執行董事 陳惠英 獨立非執行董事 梁威達 器敏慈 周懷蓉 梁威達(主席) 陳惠英 周懷蓉 器敏慈 薪酬委員會 周懷蓉(主席) 匾源昌 梁威達 勞敏慈 提名委員會 盧源昌(主席) 盧奕昌 周懷蓉 梁虔 勞敏慈 公司秘書 温浩然 律師事務所 陳馮吳律師事務所與世澤 律師事務所聯營 Maples and Calder 核數師 羅兵咸永道會計師事務所 執業會計師 註冊公眾利益實體核數師 主要往來銀行 香港上海滙豐銀行有限公司 中國工商銀行(亞洲)有限公司 註冊辦事處 PO Box 309 Ugland Ho ...

Man King Holdings Limited 萬景控股有限公司 (於開曼群島註冊成立的有限公司) 股份代號：2193 2021 年報 Man King 萬景控股 目錄頁次 | --- | --- | |-------------------------------------|-------| | | | | 公 司 資 料 | | | 主 席 報 告 | | | 管 理 層 討 論 及 分 析 | | | 董 事 及 高 級 管 理 層 | | | 董 事 會 報 告 | | | 企 業 管 治 報 告 | | | 環 境 、 社 會 及 管 治 報 告 | | | 獨 立 核 數 師 報 告 | | | 綜 合 損 益 及 其 他 全 面 收 益 表 | | | 綜 合 財 務 狀 況 表 | | | 綜 合 權 益 變 動 表 | | | 綜 合 現 金 流 量 表 | | | 綜 合 財 務 報 表 附 註 | | | 財 務 概 要 | | | | | 公司資料 董事會 執行董事 盧源昌(主席) 盧奕昌 非執行董事 陳惠英 獨立非執行董事 梁威達 勞敏慈 周懷蓉 審核委員會 梁威達(主席) 陳 ...

Revenue and Profitability - The group's revenue for the six months ended September 30, 2020, was approximately HKD 119.9 million, an increase of about 8.5% compared to HKD 110.5 million for the same period last year[8]. - Revenue for the six months ended September 30, 2020, was HKD 119,922,000, an increase of 8.9% from HKD 110,487,000 in the same period of 2019[56]. - Gross profit for the six months ended September 30, 2020, was approximately HKD 12.9 million, an increase of about 3.1% from HKD 12.5 million in the same period last year[10]. - Gross profit for the same period was HKD 12,879,000, compared to HKD 12,491,000 in 2019, reflecting a slight increase of 3.1%[56]. - The group recorded a net profit of approximately HKD 3.8 million for the six months ended September 30, 2020, an increase from HKD 3.0 million in the same period last year, primarily due to the rise in share of profits from joint ventures[18]. - Profit attributable to owners of the company for the period was HKD 3,783,000, up from HKD 2,993,000 in 2019, representing a growth of 26.4%[56]. - Total comprehensive income for the period was HKD 3,783,000, compared to HKD 2,993,000 in the previous period, representing a growth of approximately 26.4%[66]. - Basic and diluted earnings per share increased to HKD 0.90 from HKD 0.71, marking a rise of 26.8%[56]. Expenses and Financial Management - Administrative expenses for the six months ended September 30, 2020, were approximately HKD 12.3 million, an increase of 11.3% from HKD 11.1 million in the previous fiscal year[13]. - Financial expenses totaled approximately HKD 52,000 for the six months ended September 30, 2020, down from HKD 107,000 in the same period last year[15]. - The group’s total expenses for the six months ended September 30, 2020, included subcontracting costs of 72,341 thousand HKD, an increase from 52,996 thousand HKD in the same period of 2019[115]. - The group reported other income of HKD 988,000, down from HKD 1,161,000 in the previous year, showing a decline of 14.9%[56]. - The group incurred a loss of 211 thousand HKD from other losses for the six months ended September 30, 2020, compared to a loss of 632 thousand HKD in the same period of 2019, indicating an improvement[112]. Assets and Liabilities - The group's net asset value increased by approximately 1.6% from HKD 238.5 million as of March 31, 2020, to approximately HKD 242.3 million as of September 30, 2020[20]. - Total assets as of September 30, 2020, were HKD 292,637,000, a decrease from HKD 297,335,000 as of March 31, 2020[59]. - Non-current assets decreased by approximately 7.2% to about HKD 109.4 million, mainly due to the impact of dividends received from joint ventures[20]. - Current assets increased by approximately 10.8% to about HKD 133.7 million, driven by an increase in trade receivables and a decrease in trade and other payables[20]. - The company's contract assets were HKD 44,509,000 as of September 30, 2020, down from HKD 49,775,000 as of March 31, 2020, showing a decrease of about 10.5%[127]. - The investment in associates was valued at HKD 97,659,000 as of September 30, 2020, compared to HKD 105,220,000 as of March 31, 2020, reflecting a decline of approximately 7.5%[125]. - The group’s total liabilities for retention money were HKD 13,322,000 as of September 30, 2020, compared to HKD 11,445,000 as of March 31, 2020, representing an increase of approximately 16.4%[146]. Cash Flow and Liquidity - The net cash used in operating activities for the six months ended September 30, 2020, was HKD (5,600,000), slightly improved from HKD (5,897,000) in the same period last year[68]. - Cash and cash equivalents at the end of the period increased to HKD 59,531,000 from HKD 52,927,000, marking an increase of approximately 12.4%[71]. - The net cash generated from investing activities was HKD 12,268,000, a significant recovery from HKD (40,622,000) in the previous year[69]. - The company made no bank borrowings in the current period, compared to HKD 4,400,000 in the previous period[71]. - The group’s bank balances and cash amounted to HKD 59,531,000 as of September 30, 2020, compared to HKD 54,506,000 as of March 31, 2020, indicating an increase of about 9.3%[139]. Employee and Management Information - The employee cost for the six months ended September 30, 2020, was HKD 26.3 million, a decrease from HKD 30.6 million for the same period in 2019[48]. - As of September 30, 2020, the company had 115 full-time employees, down from 120 as of March 31, 2020[48]. - The group’s short-term employee benefits for key management personnel amounted to HKD 6,023,000 for the six months ended September 30, 2020, up from HKD 5,670,000 in the previous year, an increase of about 6.2%[153]. - The remuneration policy for management is based on employee performance, qualifications, and market rates[48]. Corporate Governance and Shareholder Information - The company has adopted the corporate governance code and has complied with its provisions, except for the separation of the roles of Chairman and CEO[42]. - The company is controlled by the LOs Brothers (PTC) Limited, which holds 100% of the equity in the family trust that owns 71.55% of the company[37]. - The company has not declared any interim dividend for the six months ended September 30, 2020[46]. - The company did not recommend an interim dividend for the six months ended September 30, 2020, consistent with the previous year[121]. - There were no share options issued, granted, exercised, or lapsed during the six months ended September 30, 2020[40]. Future Outlook and Market Conditions - The group anticipates further growth and competitiveness due to the HKD 180 billion funding approved for public works projects in Hong Kong[6]. - The company has been involved in a series of restructuring activities, focusing on diversifying investments among operational subsidiaries and investment holding entities[66]. - The company continues to focus on its core business operations while managing its investments in associates and joint ventures[125]. - The group expects that the newly issued Hong Kong Financial Reporting Standards will not have a significant impact on its financial statements[92].

Man King Holdings Limited Man King Holdings Limited 萬景控股有限公司 Man King Holdings Limited 萬景控股有限公司 (Incorporated in the Cayman Islands with limited liability) Stock Code: 2193 Annual Report 2020 年報 萬景控股有限公司 2020 ANNUAL REPORT Man King 萬景控股 (於開曼群島註冊成立的有限公司) 股份代號 : 2193 fill 36 2020 年報 RIVER KING BI Man King 萬景控股 目錄頁次 | --- | --- | |-------------------------------------|-------| | | | | 公 司 資 料 | | | 主 席 報 告 | | | 管 理 層 討 論 及 分 析 | | | 董 事 及 高 級 管 理 層 | | | 董 事 會 報 告 | | | 企 業 管 治 報 告 | | | 環 境 、 社 會 及 管 治 報 告 | ...

Man King Holdings Limited 萬景控股有限公司 (於同曼群島註冊成立的有限公司) 股份代號：2193 A NO AD 【字】 2019 中期報告 Man King 萬景控股 目 錄 頁次 公司資料 2 管理層討論及分析 3 證券權益披露 9 企業管治及其他資料 13 簡明綜合財務報表審閱報告 15 簡明綜合損益及其他全面收益表 17 簡明综合財務狀況表 18 簡明綜合權益變動表 20 簡明綜合現金流量表 21 簡明綜合財務報表附註 23 公司資料 Maples and Calder | --- | --- | |------------------------|---------------------------------------| | 董事曾 | 主要往來銀行 | | 執行董事 | 香港上海滙豐銀行有限公司 | | 盧源昌(主席) | | | 匾奕昌 | 中國工商銀行(亞洲)有限公司 | | 非執行董事 | 註冊辦事處 | | 陳惠英 | PO Box 309 | | 獨立非執行董事 | Ugland House Grand Cayman | | 梁威達 | KY1-1104 ...

Man King Holdings Limited Man King Holdings Limited 萬景控股有限公司 Man King Holdings Limited 萬景控股有限公司 (Incorporated in the Cayman Islands with limited liability) Stock Code: 2193 Annual Report 2019 年報 萬景控股有限公司 2019 ANNUAL REPORT Man King 萬景控股 (於開曼群島註冊成立的有限公司) 股份代號 : 2193 FARE THE HS FF FINE 2019 年報 RIVER KING Man King 萬景控股 目錄頁次 | --- | --- | |-------------------------------------|-------| | | | | 公 司 資 料 | | | 主 席 報 告 | | | 管 理 層 討 論 及 分 析 | | | 董 事 及 高 級 管 理 層 | | | 董 事 會 報 告 | | | 企 業 管 治 報 告 | | | 環 境 、 社 會 及 ...