Financial Performance - Revenue for the six months ended June 30, 2024, reached MOP 81,824,000, a significant increase of 172.7% compared to MOP 30,003,000 for the same period in 2023[1] - Gross profit for the same period was MOP 18,536,000, reflecting a gross margin of 22.7%, up from 15.7% in the previous year, indicating a gross profit increase of 293.3%[1] - The profit attributable to owners of the company for the period was MOP 5,281,000, compared to a loss of MOP 9,367,000 in the prior year, resulting in earnings per share of MOP 1.3[2] - The company reported a net profit of MOP 5,671,000 for the period, compared to a loss of MOP 9,328,000 in the previous year, indicating a turnaround in overall performance[3] - The group reported a profit attributable to owners of the company of approximately MOP 5.3 million for the six months ended June 30, 2024, compared to a loss of MOP 9.4 million for the same period in 2023[35] - Earnings per share improved to MOP 1.3 cents for the six months ended June 30, 2024, from a loss of MOP 2.3 cents per share for the same period in 2023[36] Assets and Equity - Total equity attributable to owners increased by 5.4% to MOP 110,615,000 as of June 30, 2024, compared to MOP 104,944,000 at the end of 2023[5] - Current assets totaled MOP 93,646,000, an increase from MOP 74,564,000, reflecting a stronger liquidity position[4] - Non-current assets decreased slightly to MOP 105,143,000 from MOP 105,743,000, primarily due to changes in investment properties[4] - As of June 30, 2024, the group had net current assets of approximately MOP 8.9 million, an increase of MOP 6.2 million from MOP 2.7 million as of December 31, 2023[38] - The group’s asset-to-equity ratio increased to 0.35 as of June 30, 2024, from 0.32 as of December 31, 2023, primarily due to increased bank borrowings[39] Revenue Segmentation - The segment performance for renovation, alteration, and addition works showed a revenue of MOP 76,895,000 for the six months ended June 30, 2024, compared to MOP 20,891,000 in 2023, marking an increase of 267%[12] - The total value of new renovation projects awarded in the six months ended June 30, 2024, was approximately MOP 694 million, compared to MOP 274 million for the same period in 2023, representing a significant increase[25] Trade Receivables and Payables - Trade receivables rose to MOP 27,732,000, up from MOP 19,430,000, indicating improved collection efficiency[4] - Trade receivables as of June 30, 2024, amounted to MOP 49.1 million, up from MOP 42.4 million as of December 31, 2023[20] - The aging analysis of trade receivables shows that MOP 11.4 million was within one month, down from MOP 13.1 million in the previous year, while receivables over one year decreased to zero from MOP 31,000[21] - Trade payables as of June 30, 2024, were reported at MOP 19.7 million, slightly down from MOP 20.3 million as of December 31, 2023[21] Costs and Expenses - The cost of services provided for the six months ended June 30, 2024, was MOP 63,288,000, up from MOP 25,290,000 in 2023, indicating an increase of 150%[14] - Administrative expenses rose by MOP 1.6 million or 10.8% from MOP 15.2 million for the six months ended June 30, 2023, to MOP 16.9 million for the six months ended June 30, 2024, attributed to subcontractor disputes and consultancy services[30] - The total employee costs for the six months ended June 30, 2024, amounted to MOP 23.4 million, an increase from MOP 16.3 million for the same period in 2023[50] Impairment and Provisions - The company recorded a net impairment reversal of MOP 2,836,000 for financial assets and contract assets for the six months ended June 30, 2024, compared to MOP 1,299,000 in 2023[14] - The reversal of impairment losses on financial and contract assets recorded a recovery of MOP 2.8 million for the six months ended June 30, 2024, compared to MOP 1.3 million for the same period in 2023[31] - The group has a credit risk management team in place to set credit limits and monitor overdue debts, ensuring adequate provisions for uncollectible amounts[47] Dividends and Shareholder Returns - The company did not declare any interim dividend for the six months ended June 30, 2024, consistent with the previous year[1] - The company did not declare or pay any dividends for the periods ended June 30, 2024, and 2023[17] Corporate Governance and Compliance - The group has maintained compliance with all applicable corporate governance codes as per the listing rules during the reporting period[56] - The audit committee consists of three independent non-executive directors, including Mr. Siu Wing Hei (Chairman), Mr. Chan Yuk Chuen, and Dr. Lau Ting Ki[58] - The interim financial results for the six months ended June 30, 2024, have been reviewed by the audit committee and the group's auditor, Deloitte Hong Kong[59] Market Conditions and Future Outlook - The construction industry in Macau is still cautious due to unclear economic prospects, despite some recovery in the gaming and tourism sectors[51] - The group anticipates that the ongoing recovery of the gaming industry will be a key driver for economic growth, while non-gaming sectors require continued attention[53] Other Information - The group has not experienced any significant events after June 30, 2024, up to the date of this announcement[49] - The group currently has no foreign currency hedging policy, but management monitors foreign exchange risks and will consider hedging significant foreign currency risks if necessary[44] - The group has not repurchased, sold, or redeemed any of its listed securities during the six months ended June 30, 2024[55]

Financial Performance - Revenue decreased by approximately 48.8% to around MOP 88.2 million from approximately MOP 172.4 million for the fiscal year ending December 31, 2022[13]. - The company recorded a post-tax loss of approximately MOP 18.5 million for the fiscal year, compared to a post-tax profit of approximately MOP 5.3 million in the previous fiscal year[13]. - The group's total revenue for the year ended December 31, 2023, decreased by approximately MOP 84.2 million or 48.8% compared to the previous year, primarily due to a decline in renovation and construction services[23]. - The gross profit for the year ended December 31, 2023, was approximately MOP 14.72 million, a decrease of MOP 21.1 million or 58.9% from MOP 35.81 million in 2022[26]. - The gross profit margin decreased from approximately 20.8% in 2022 to 16.7% in 2023, primarily due to a reduction in the gross profit margin of renovation projects[29]. - Other income and losses for the year ended December 31, 2023, resulted in a net loss of approximately MOP 3.6 million, compared to a net loss of MOP 1.9 million in 2022[30]. - The group reported a loss attributable to owners of approximately MOP 18.5 million for the year ending December 31, 2023, compared to a profit of approximately MOP 5.3 million for the year ending December 31, 2022[34]. - Basic loss per share for the year ending December 31, 2023, was MOP 4.6 cents, a decrease of MOP 5.9 cents compared to earnings of MOP 1.3 cents for the year ending December 31, 2022[37]. Project and Revenue Details - The company completed 22 projects and was awarded 25 projects during the fiscal year ending December 31, 2023[13]. - Renovation project revenue for the year ended December 31, 2023, was MOP 72.86 million, a decrease of MOP 78.1 million or 51.7% from MOP 150.93 million in 2022[23]. - The construction engineering revenue for the year ended December 31, 2023, was MOP 10.12 million, a decrease of MOP 7.7 million or 43.3% from MOP 17.83 million in 2022[23]. - The group secured new renovation projects valued at approximately MOP 100.1 million for the year ended December 31, 2023, down from MOP 201.4 million in 2022[22]. - The total value of uncompleted renovation and construction projects as of December 31, 2023, was approximately MOP 91.0 million, compared to MOP 72.7 million as of December 31, 2022[22]. Financial Position and Ratios - Current assets exceeded current liabilities by MOP 2.7 million as of December 31, 2023, down from MOP 17.4 million in 2022[39]. - Cash and bank balances were MOP 10.1 million as of December 31, 2023, compared to MOP 22.4 million in 2022[40]. - The current ratio decreased to 1.04 as of December 31, 2023, from 1.2 in 2022, reflecting the loss situation for the year[47]. - The debt-to-equity ratio increased to 0.32 as of December 31, 2023, from 0.25 in 2022, primarily due to the loss for the year[47]. - Total borrowings amounted to MOP 33.5 million as of December 31, 2023, compared to MOP 31.0 million in 2022[40]. Management and Governance - The board of directors consists of 7 members, including 3 independent non-executive directors, meeting the listing rules requirements[92]. - The chairman and CEO positions are held by Mr. Li Ying Wan and Mr. Li Ming Shan, respectively, with Mr. Li Ying Wan leading the board and overall strategic management[89]. - All directors attended at least 5 out of 6 board meetings, demonstrating strong engagement in governance[88]. - The company has implemented appropriate insurance arrangements for directors and senior management against legal liabilities arising from company operations[97]. - The company encourages continuous professional development for directors, covering training costs[99]. - The board is collectively responsible for guiding and monitoring the company's affairs, including strategic direction and financial performance[94]. - The company has a robust internal control and risk management system in place, overseen by the board[94]. - The Audit Committee held two meetings during the year ending December 31, 2023, to review interim and annual financial performance and reports[108]. Risk Management and Compliance - The company has adopted an anti-corruption policy, emphasizing integrity, honesty, fairness, and transparency, with a zero-tolerance approach to fraud and bribery[138]. - The board is responsible for maintaining an effective risk management system and internal control system to protect the group's assets and shareholder interests, with annual reviews conducted[138]. - An independent external consultant has been appointed to review the effectiveness and adequacy of the group's risk management and internal control systems[142]. - The company has established risk management procedures to identify, assess, and manage significant risks, with senior management responsible for annual risk reporting[143]. - The company has implemented a policy for disclosing inside information to ensure shareholders and the public receive comprehensive and accurate information[146]. Market Outlook and Strategy - The group anticipates that the improving economic environment in Macau will gradually increase construction project volumes[17]. - The group plans to actively explore broader market opportunities to create more growth prospects amid the positive market outlook[17]. - The outlook for the Macau market remains positive, with expectations of increased construction opportunities driven by the recovery of the tourism and gaming sectors[67]. Employee and Operational Details - The total employee costs for the year ended December 31, 2023, amounted to MOP 36.3 million, a decrease from MOP 39.5 million in 2022[66]. - The group maintained a total of 140 full-time employees as of December 31, 2023, compared to 138 in 2022[66]. - The company emphasizes gender equality and aims for gender balance within the senior management team[129]. Shareholder Communication and Policies - The company has established a shareholder communication policy to ensure that shareholder opinions and concerns are properly addressed, confirming its effectiveness for the year ending December 31, 2023[166]. - The company has adopted a dividend policy without a preset dividend payout ratio, allowing the board to propose and/or declare dividends based on the financial condition and factors outlined in the policy[166]. - The company maintains a website as a communication platform for shareholders and investors, where financial and other relevant information is publicly accessible[165]. Corporate Structure and History - The company was established on June 1, 2016, in the Cayman Islands and listed on the main board of the Stock Exchange on February 10, 2017[192][194]. - The main business includes investment holding and providing corporate management services, with subsidiaries focusing on renovation, construction, and maintenance services[195].

Financial Performance - For the year ended December 31, 2023, the company reported revenue of MOP 88,189,000, a decrease of 48.8% compared to MOP 172,373,000 in 2022[2]. - Gross profit for the same period was MOP 14,721,000, down 58.9% from MOP 35,814,000, resulting in a gross margin of 16.7%, a decline of 4.1 percentage points from 20.8%[2]. - The company reported a loss attributable to owners of MOP 18,547,000, compared to a profit of MOP 5,316,000 in the previous year, resulting in a loss per share of MOP (4.6) versus earnings per share of MOP 1.3 in 2022[2]. - The company recorded a net loss of MOP 18,529,000 in total comprehensive income for the year, compared to a total comprehensive income of MOP 5,329,000 in 2022[7]. - Adjusted loss before tax for 2023 was MOP 18,725,000, compared to a profit of MOP 6,183,000 in 2022[26]. - The group reported a net loss attributable to the owners of the company of approximately MOP 18.5 million for the year ended December 31, 2023, compared to a profit of approximately MOP 5.3 million in 2022[59]. - Basic loss per share for the year ended December 31, 2023, was MOP 4.6 cents, a decrease of MOP 5.9 cents compared to earnings of MOP 1.3 cents per share in 2022[60]. Revenue Breakdown - Revenue from renovation, alteration, and addition works was MOP 72,860,000, down 51.7% from MOP 150,931,000 in the previous year[24]. - The construction segment generated revenue of MOP 10,115,000, a decline of 43.5% from MOP 17,832,000 in 2022[24]. - Maintenance services revenue increased to MOP 5,214,000, up 44.4% from MOP 3,610,000 in 2022[24]. - Revenue from external customers in Macau was MOP 66,950,000, a significant decrease from MOP 163,543,000 in 2022[22]. - Revenue from Hong Kong customers increased to MOP 21,239,000, up from MOP 8,830,000 in the previous year[22]. Assets and Liabilities - Total equity attributable to owners decreased by 15.0% to MOP 104,944,000 from MOP 123,473,000 in 2022[10]. - Non-current assets totaled MOP 105,743,000, down from MOP 109,762,000 in the previous year[9]. - Current assets decreased to MOP 74,564,000 from MOP 102,336,000, with cash and bank balances dropping to MOP 10,129,000 from MOP 22,386,000[9]. - Current liabilities decreased to MOP 71,869,000 from MOP 84,967,000, resulting in a net current asset position of MOP 2,695,000 compared to MOP 17,369,000 in 2022[9]. - The total value of uncompleted renovation and construction projects as of December 31, 2023, was approximately MOP 91.0 million, compared to MOP 72.7 million as of December 31, 2022[46]. - As of December 31, 2023, bank and other borrowings amounted to MOP 335 million, an increase from MOP 310 million in 2022[63]. - The group’s current assets and current liabilities were MOP 746 million and MOP 719 million respectively, resulting in a current ratio of 1.04, down from 1.2 in 2022[64]. - The debt-to-equity ratio increased to 0.32 as of December 31, 2023, compared to 0.25 in 2022, primarily due to losses incurred during the year[65]. Expenses - The company experienced an increase in administrative expenses to MOP 28,891,000 from MOP 26,275,000, alongside a significant rise in impairment losses on financial assets[5]. - Administrative expenses increased by approximately MOP 2.6 million or 10.0% to MOP 28.9 million for the year ended December 31, 2023, mainly due to increased bonuses to employees[56]. - The total employee costs for the year ended December 31, 2023, were MOP 36.3 million, down from MOP 39.5 million in 2022[83]. Dividends - The board of directors did not recommend a final dividend for the year ended December 31, 2023, consistent with the previous year[2]. - The company did not declare any dividends for the years ended December 31, 2023, and 2022[32]. - The board does not recommend a final dividend for the year ended December 31, 2023, consistent with the previous year[85]. Corporate Governance and Compliance - The company did not restate comparative figures in the financial statements due to the immateriality of the adjustments related to the accounting impact of the MPF offsetting mechanism[15]. - The group continues to comply with all applicable corporate governance codes as per the listing rules[89]. - The audit committee, consisting of three independent non-executive directors, has reviewed the financial statements for the year ended December 31, 2023[91]. Market Outlook - The outlook for the Macau market remains positive, with the gaming industry and inbound tourist numbers meeting government expectations, indicating a recovery towards pre-pandemic levels[84]. - The group plans to explore broader market opportunities in light of the favorable economic environment in the Hong Kong-Macau market[84]. Legal and Tax Matters - The company has no provisions made in the consolidated financial statements for potential liabilities related to ongoing legal disputes as of December 31, 2023[41][42][43]. - The company has not made any provisions for tax liabilities in Hong Kong due to available carryforward tax losses[28]. - The company has a deferred tax expense of MOP (298,000) for 2023, compared to MOP 858,000 in 2022[29]. Risk Management - The group has not implemented any foreign currency hedging policies but monitors foreign exchange risks[74]. - The group has no interest rate hedging policies in place but manages interest rate risks proactively[75]. - The maximum credit risk arises from the carrying amount of financial assets recognized in the consolidated financial statements[76]. - The group has made provisions for expected credit losses on accounts receivable based on assessments of recoverability[78]. - As of December 31, 2023, the group's trade receivables and contract assets from its five major clients amounted to MOP 11.1 million, a decrease from MOP 38.2 million in 2022, representing 24.2% of total trade receivables and contract assets (2022: 66.3%)[79].

Financial Performance - The group's revenue for the six months ended June 30, 2023, decreased by approximately MOP 35.5 million or 54.2% to MOP 30.0 million compared to MOP 65.5 million for the same period in 2022[12]. - The total value of newly awarded renovation projects for the six months ended June 30, 2023, was approximately MOP 27.4 million, a significant decrease from MOP 172.1 million for the same period in 2022[9]. - The gross profit for the six months ended June 30, 2023, decreased by approximately MOP 7.4 million or 61.1% to MOP 4.7 million, down from MOP 12.1 million for the same period in 2022[16]. - The gross profit margin decreased from approximately 18.5% for the six months ended June 30, 2022, to approximately 15.7% for the same period in 2023[16]. - The company reported a loss attributable to owners of approximately MOP 9.4 million for the six months ended June 30, 2023, compared to a profit of approximately MOP 0.3 million for the same period in 2022[25]. - The loss per share for the six months ended June 30, 2023, was MOP 2.3 cents, a decrease of MOP 2.4 cents compared to earnings of MOP 0.1 cents per share in the prior year[26]. - The company incurred an operating loss before tax of MOP 9,373,000, compared to a profit of MOP 181,000 in the previous year[82]. - Total comprehensive loss for the period amounted to MOP (9,328,000), compared to a total comprehensive income of MOP 261,000 in the prior year[85]. Expenses and Costs - Administrative expenses increased by approximately MOP 2.4 million or 18.7% to MOP 15.2 million for the six months ended June 30, 2023, compared to MOP 12.8 million for the same period in 2022[18]. - Other income, gains, and losses decreased from approximately MOP 1.5 million for the six months ended June 30, 2022, to approximately MOP 0.9 million for the same period in 2023[17]. - The total employee cost for the six months ended June 30, 2023, was MOP 16.3 million, a decrease from MOP 18.4 million for the same period in 2022[51]. - The cost of services provided was MOP 25,290,000, down from MOP 53,418,000 in the previous year[118]. Assets and Liabilities - The total value of unfinished renovation and construction projects as of June 30, 2023, was approximately MOP 72.7 million, compared to MOP 148.0 million as of June 30, 2022[9]. - As of June 30, 2023, the company had net current assets of approximately MOP 8.9 million, a decrease of approximately MOP 8.5 million from MOP 17.4 million as of December 31, 2022[30]. - The company's cash and bank balances were MOP 17.7 million as of June 30, 2023, down from MOP 22.4 million as of December 31, 2022[31]. - Current assets decreased significantly to MOP 75,400,000 from MOP 102,336,000, representing a decline of 26.3%[88]. - Total liabilities decreased from MOP 84,967,000 to MOP 66,481,000, a reduction of 21.8%[88]. - Net assets decreased to MOP 114,145,000 from MOP 123,473,000, indicating a decline of 7.5%[91]. Cash Flow and Financing - Cash and cash equivalents decreased to MOP 5,818,000 from MOP 18,257,000, a decline of 68.2%[100]. - Operating cash flow net amount was negative MOP 7,788,000, an improvement from negative MOP 16,767,000 in the previous year[97]. - The company incurred a total financing cash outflow of MOP 2,005,000, compared to an inflow of MOP 3,745,000 in the same period last year[97]. - The group's financing costs decreased to approximately MOP 0.5 million for the six months ended June 30, 2023, down from MOP 0.7 million for the same period in 2022[23]. Shareholder Information - The board of directors resolved not to declare any interim dividend for the six months ended June 30, 2023, consistent with the previous year[27]. - The company did not declare or pay any dividends for the six months ended June 30, 2023, and 2022[122]. - As of June 30, 2023, SHKMCL holds a beneficial interest of 300,000,000 shares, representing 75% of the company's equity[65]. - The company has not granted any share options under the share option scheme since its adoption on January 18, 2017[66]. Risk Management - The management is monitoring foreign exchange and interest rate risks, with no current hedging policies in place[42][43]. - The group’s credit risk is considered limited due to its counterparties being highly rated banks by international credit rating agencies[47]. - The group’s management believes that credit risk is well managed and resolved, with a significant reduction in concentration risk compared to the previous year[47]. - As of June 30, 2023, the group faced a concentration credit risk from its top five customers' trade receivables and contract assets amounting to MOP 14.2 million, representing approximately 37.2% of total trade receivables and contract assets[47]. Future Plans and Developments - The group plans to establish a subsidiary in Zhuhai in the second half of 2023 to expand its presence in the Greater Bay Area market[56]. - The group is actively preparing several engineering projects, with some expected to complete approval in the second half of 2023, which is anticipated to boost performance[56]. - The group is focusing on opportunities in local government projects and plans to partner with Chinese construction companies to participate in government construction[56]. Corporate Governance - The company has complied with all applicable code provisions of the Corporate Governance Code during the six months ended June 30, 2023[71]. - The audit committee has reviewed the accounting principles and policies adopted by the group for the six months ended June 30, 2023[73]. Accounting and Reporting - The interim financial data for the six months ended June 30, 2023, was prepared in accordance with Hong Kong Accounting Standard 34[106]. - The company adopted several new and revised Hong Kong Financial Reporting Standards during the reporting period, but these did not have a significant financial impact[109]. - The group has not reported any significant changes in its financial position or performance due to the adoption of new accounting standards[112].

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 何部份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。 Lai Si Enterprise Holding Limited 黎氏企業控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2266） 截至2023年6月30日止六個月 中期業績公告 財務概要 （除另有說明外，以澳門幣（「澳門幣」）千元列示） 百分比 截至6月30日止六個月 增加╱ 2023年 2022年 （減少） （未經審核） （未經審核） 收益 30,003 65,545 (54.2%) 毛利 4,713 12,127 (61.1%) 毛利率 15.7% 18.5% (2.8%) 本公司擁有人應佔（虧損）╱溢利 (9,367) 278 不適用 ...

Financial Performance - The group's revenue increased by approximately 19.6% from about MOP 144.1 million in the previous fiscal year to about MOP 172.4 million for the year ended December 31, 2022[12]. - The group recorded a post-tax profit of approximately MOP 5.3 million, compared to a post-tax loss of about MOP 20.7 million in the previous fiscal year[12]. - In 2022, the company's total revenue increased by approximately MOP 28.3 million or 19.6% compared to 2021, driven primarily by a MOP 19.4 million or 14.8% increase in renovation project revenue and a MOP 8.9 million or 99.9% increase in construction project revenue[20]. - The gross profit for the company increased by approximately MOP 11.2 million or 45.6% to MOP 35.8 million in 2022, compared to MOP 24.6 million in 2021, primarily due to an increase in renovation projects[24]. - The gross profit margin improved from approximately 17.1% in 2021 to 20.8% in 2022, attributed to higher margins in renovation projects[26]. - Other income and losses for the year resulted in a net loss of approximately MOP 1.9 million, an improvement from a net loss of MOP 15.3 million in 2021[27]. - The group reported a profit attributable to the owners of approximately MOP 5.3 million for the year ended December 31, 2022, compared to a loss of approximately MOP 20.7 million for the year ended December 31, 2021[31]. - Basic earnings per share for the year ended December 31, 2022, was MOP 1.3 cents, an increase of MOP 6.5 cents from a loss of MOP 5.2 cents per share for the previous year[34]. Project and Operational Highlights - The group completed 24 projects and was awarded 23 projects during the fiscal year[12]. - The total value of newly awarded renovation projects in 2022 was approximately MOP 201.4 million, significantly up from MOP 77.4 million in 2021[19]. - The construction project backlog as of December 31, 2022, was valued at approximately MOP 72.7 million, up from MOP 36.9 million in 2021[19]. - The company expects significant increases in project volumes from the restaurant, hotel, and gaming sectors, which will drive revenue growth[15]. - The company anticipates a recovery to pre-pandemic performance levels as the economy stabilizes and customer traffic increases post-pandemic[15]. - The company plans to focus resources on renovation projects, leveraging local advantages and resources to capitalize on post-pandemic opportunities in the construction industry[15]. Financial Position and Capital Management - As of December 31, 2022, the group's current assets exceeded current liabilities by MOP 17.4 million, compared to MOP 5.3 million in the previous year[36]. - The group's cash and bank balances amounted to MOP 22.4 million as of December 31, 2022, up from MOP 11.5 million in the previous year[37]. - The group's total borrowings decreased to MOP 31.0 million as of December 31, 2022, from MOP 47.8 million in the previous year[37]. - The group's current ratio improved to 1.2 as of December 31, 2022, compared to 1.1 in the previous year, reflecting the profit situation for the year[40]. - The debt-to-equity ratio decreased to 0.25 as of December 31, 2022, from 0.41 in the previous year, primarily due to the repayment of bank borrowings[40]. - The group has sufficient working capital to meet its future operational needs as of December 31, 2022[35]. Governance and Risk Management - The board is responsible for leading and monitoring the company, ensuring effective internal control and risk management systems are in place[88]. - The audit committee, composed of three independent non-executive directors, held two meetings in the year ending December 31, 2022, to review financial performance and risk management systems[97]. - The company has established three committees: audit, remuneration, and nomination, to oversee specific aspects of governance[96]. - The board ensures that all directors receive timely access to company information and can seek independent professional advice when necessary[88]. - The company has adopted a board diversity policy, emphasizing the importance of diversity at the board level to maintain competitive advantage[109]. - The board is responsible for maintaining effective risk management and internal control systems, which are reviewed annually[119]. - An independent external consultant was appointed to review the effectiveness of the group's internal control system[121]. - The risk management procedures are designed to identify, assess, and manage significant risks, with senior management responsible for annual risk reporting[123]. Shareholder Communication and Policies - The company maintains effective communication with shareholders, particularly through annual general meetings and its website[141]. - The company has established a shareholder communication policy to ensure that shareholder concerns are properly addressed[142]. - The company has adopted a dividend policy without a preset distribution ratio, allowing the board to propose dividends based on financial conditions[142]. - The group did not recommend the payment of a final dividend for the year ended December 31, 2022[177]. Employee and Operational Costs - The group reported a total employee cost of MOP 39.5 million for the year ended December 31, 2022, down from MOP 44.2 million in 2021[58]. - Administrative expenses decreased by approximately MOP 2.4 million or 8.5% to MOP 26.3 million in 2022, due to cost control measures[28]. Market and Strategic Initiatives - The company is actively seeking suppliers to ensure a stable supply of quality food at competitive prices for its restaurant business in Macau[175]. - The group is exploring new business opportunities in the restaurant sector to generate new revenue streams[173]. - The company is investing in R&D, allocating F% of its budget to develop new technologies and improve existing products[148]. - Strategic partnerships are being formed to leverage complementary strengths and enhance market competitiveness[148]. Compliance and Regulatory Matters - The group has complied with all necessary registrations and certifications for its operations in Macau and Hong Kong as of December 31, 2022[169]. - The company has implemented an "Insider Information Disclosure Policy" to ensure accurate and timely information dissemination regarding its business and financial status[124].

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 何部份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。 Lai Si Enterprise Holding Limited 黎氏企業控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2266） 截至2022年12月31日止年度全年業績公告 財務概要 （除另有說明外，以澳門幣（「澳門幣」）千元列示） 截至12月31日止年度 同比增加 2022年 2021年 ╱（減少） 澳門幣千元 澳門幣千元 持續經營業務 收益 172,373 144,117 19.6% 毛利 35,814 24,595 45.6% 毛利率 20.8% 17.1% 3.7% 持續經營業務之年內溢利╱（虧損） 5,316 (20,425) 126.0% ...

Financial Performance - For the six months ended June 30, 2022, the group's revenue decreased by approximately MOP 4.6 million or 6.6% to MOP 65.5 million, attributed to the ongoing weak operating environment in the renovation industry due to the COVID-19 pandemic [10]. - The gross profit for the six months ended June 30, 2022, increased by approximately MOP 0.8 million or 7.3% to MOP 12.1 million, with the overall gross margin improving from 16.1% in 2021 to 18.5% in 2022 [13]. - For the six months ended June 30, 2022, the profit attributable to the owners of the company was approximately MOP 0.3 million, a significant improvement from a loss of MOP 16.6 million for the same period in 2021 [22]. - Earnings per share for the six months ended June 30, 2022, was MOP 0.1 cents, recovering from a loss of MOP 4.1 cents per share in the previous year, marking an increase of MOP 4.2 cents [23]. - The company reported a total comprehensive income of MOP 261,000 for the period, recovering from a loss of MOP 16,598,000 in the previous year [82]. - The company recorded a profit attributable to equity holders from continuing operations of MOP 278,000 for the six months ended June 30, 2022, compared to a loss of MOP 16,285,000 for the same period in 2021 [140]. Revenue Breakdown - The group's renovation engineering revenue accounted for 76.2% of total revenue for the six months ended June 30, 2022, while construction engineering and maintenance services contributed 20.7% and 3.1%, respectively [10]. - Revenue from renovation, alteration, and addition works was MOP 49,959,000, down 23.5% from MOP 65,282,000 in the previous year [117]. - The total revenue from customer contracts in the Macau market was MOP 62,316,000, while in Hong Kong it was MOP 3,229,000 [122]. Expenses and Costs - The administrative expenses decreased by approximately MOP 2.3 million or 15.3% to MOP 12.8 million for the six months ended June 30, 2022, due to cost-cutting measures implemented during the period [15]. - Employee costs for the six months ended June 30, 2022, totaled MOP 18.4 million, down from MOP 25.5 million for the same period in 2021 [45]. - The cost of services provided was MOP 53,418,000, a decrease from MOP 58,848,000 in the previous year, indicating improved cost management [124]. Assets and Liabilities - As of June 30, 2022, the group had net current assets of approximately MOP 6.7 million, an increase of about MOP 1.5 million from MOP 5.3 million as of December 31, 2021 [24]. - The group's cash and bank balances as of June 30, 2022, were MOP 2.3 million, down from MOP 11.5 million as of December 31, 2021 [25]. - The current ratio as of June 30, 2022, was 1.1, consistent with the ratio as of December 31, 2021, indicating stable liquidity [28]. - The debt-to-equity ratio as of June 30, 2022, was 0.48, an increase from 0.41 as of December 31, 2021, primarily due to increased bank borrowings [28]. - The total assets as of June 30, 2022, were MOP 121,245,000, slightly down from MOP 121,467,000 at the end of 2021 [84]. - Current liabilities rose to MOP 103,478,000, compared to MOP 95,061,000 at the end of 2021, reflecting increased operational costs [84]. Cash Flow - The cash flow from operating activities showed a net outflow of MOP 16,767,000 for the first half of 2022, worsening from a net outflow of MOP 7,426,000 in the same period of 2021 [93]. - The company reported a net decrease in cash and cash equivalents of MOP 9,418,000 for the first half of 2022, compared to a decrease of MOP 7,232,000 in the first half of 2021 [96]. - The financing activities generated a net cash inflow of MOP 3,745,000 in the first half of 2022, contrasting with a net cash outflow of MOP 3,104,000 in the same period of 2021 [93]. Legal Matters - The company is involved in a legal dispute claiming approximately HKD 172.5 million related to a verbal agreement for consulting services provided during its IPO in February 2017 [35]. - The group has a pending lawsuit involving a subcontractor with a total claim amount of MOP 1,926,000 as of June 30, 2022 [159]. - The group has not made any provisions for ongoing legal disputes as it is considered premature [159][161]. Market Outlook - The company anticipates an increase in engineering projects following the public bidding for gaming licenses initiated by the Macau government, which is expected to positively impact performance [55]. - The company expects the global economy to gradually recover from the pandemic, which will stabilize the construction market [55]. - The company is committed to leveraging its local advantages and reputation in the construction industry to navigate the ongoing challenges [55]. Corporate Governance - The company has complied with all applicable corporate governance codes during the six months ending June 30, 2022 [69]. - The company has not repurchased, sold, or redeemed any of its listed securities during the six months ending June 30, 2022 [68].

Company Overview - The group reported audited annual results for the year ended December 31, 2021[34]. - The company is listed under stock code 2266 on the Hong Kong Stock Exchange[7]. - The company has a registered office in Grand Cayman, Cayman Islands[5]. - The major banks associated with the company include Bank of China Macau Branch and Macau International Bank[7]. - The company has established a headquarters in Macau and a primary business location in Hong Kong[5]. - The board of directors includes executive directors and independent non-executive directors, ensuring corporate governance[5]. - The company is involved in various subsidiaries, including Lai Si Construction and Lai Si Mechanical Engineering[32]. Financial Performance - The company's revenue decreased by approximately MOP 16.4 million or 10.2% to about MOP 144.1 million for the year ended December 31, 2021, compared to MOP 160.5 million in the previous year[36]. - The company recorded a post-tax loss of approximately MOP 20.7 million, a decrease of 74.3% compared to the previous fiscal year[36]. - The total value of newly awarded renovation projects was approximately MOP 77.4 million, down from MOP 168.1 million in the previous year[43]. - The company’s renovation engineering revenue was MOP 131.5 million, accounting for 91.3% of total revenue, a decrease of MOP 21.0 million or 13.8% from the previous year[46]. - The construction engineering revenue increased to MOP 8.9 million, a significant increase of MOP 7.8 million or 7.1 times compared to the previous year[46]. - The group's renovation engineering revenue for the year ended December 31, 2021, was MOP 131.5 million, a decrease of MOP 21.3 million or 25.4% compared to MOP 152.5 million in 2020[47]. - The gross profit for the group increased by MOP 6.3 million or 34.4% to MOP 24.6 million for the year ended December 31, 2021, compared to MOP 18.3 million in 2020[51]. - The gross profit margin improved from 11.4% in 2020 to 17.1% in 2021, primarily due to an increase in the gross profit margin of renovation engineering[52]. - The group reported a net loss attributable to shareholders of MOP 20.7 million for the year ended December 31, 2021, compared to a loss of MOP 80.6 million in 2020[59]. - Basic loss per share for the year ended December 31, 2021, was MOP 5.2 cents, a decrease of MOP 14.9 cents or 74.1% from MOP 20.1 cents in 2020[60]. - Administrative expenses decreased by MOP 7.9 million or 21.3% to MOP 28.7 million for the year ended December 31, 2021, due to cost control measures[56]. - Financing costs decreased by MOP 0.6 million or 31.6% to MOP 1.3 million for the year ended December 31, 2021, attributed to a decline in bank loan interest rates[57]. - Other income and losses resulted in a net loss of MOP 15.6 million for the year ended December 31, 2021, an improvement from a net loss of MOP 61.6 million in 2020[53]. Project and Business Focus - The company completed 25 projects and was awarded 23 projects during the fiscal year ending December 31, 2021[36]. - The company plans to focus on local government projects and aims to partner with large contractors for future opportunities[37]. - The company has terminated its restaurant business to consolidate resources and focus on its core renovation and construction services[36]. - The total value of unfinished renovation and construction projects as of December 31, 2021, was approximately MOP 36.9 million, down from MOP 82.5 million the previous year[43]. Governance and Compliance - The company emphasizes compliance with the Listing Rules and corporate governance codes[32]. - The company has a remuneration committee and an audit committee to oversee financial reporting and executive compensation[5]. - The company reported a commitment to high standards of corporate governance, adhering to all principles and code provisions of the corporate governance code for the year ended December 31, 2021[102]. - The board of directors consists of 8 members, including 3 independent non-executive directors, ensuring compliance with listing rules[116]. - The board held a total of 5 meetings during the year, with all directors attending 100% of the meetings[114]. - The company has established three committees: the audit committee, remuneration committee, and nomination committee to oversee specific aspects of governance[128]. - The audit committee held three meetings during the year ended December 31, 2021, to review interim and annual financial performance and reports[129]. - The remuneration committee reviewed and recommended salary adjustments for executive directors due to the impact of COVID-19[133]. - The company has appropriate insurance arrangements for directors and senior management against legal claims arising from company operations[120]. Risk Management - The company has implemented a robust internal control and risk management system to monitor operational and financial performance[119]. - The board is responsible for maintaining an effective risk management system and internal control system to protect the group's assets and shareholder interests[149]. - The company has established risk management procedures to identify, assess, and manage significant risks and address major internal control deficiencies[154]. - The audit committee is responsible for continuously monitoring the effectiveness of the group's risk management and internal control systems[150]. - The company has adopted an "Insider Information Disclosure Policy" to ensure accurate and timely information dissemination regarding its business and financial status[156]. Shareholder Communication - The company maintains effective communication with shareholders, particularly through annual general meetings and its website[173]. - The company has established a shareholder communication policy to ensure that shareholder concerns are properly addressed[174]. - The company has not set a predetermined dividend payout ratio, allowing the board to propose dividends based on financial conditions[174]. Future Outlook - The company expects gradual recovery in the global economy and construction market as the impact of the COVID-19 pandemic diminishes[39]. - The group plans to utilize the net proceeds from the share offering for various projects, including MOP 49.4 million for renovation projects in Macau and MOP 17.9 million for construction projects in Macau, both expected to be completed by the end of 2022[94]. - The group aims to expand its operations by developing hotel businesses and establishing partnerships with major contractors for upcoming public construction projects in Macau[99]. - The group plans to leverage the development policies of the Greater Bay Area to expand its market presence in mainland China[99]. Employee and Operational Metrics - The total employee cost for the year ended December 31, 2021, was MOP 44.2 million, a decrease from MOP 48.5 million in 2020[87]. - The total number of full-time employees as of December 31, 2021, was 146, down from 153 in 2020[87]. Environmental, Social, and Governance (ESG) - The ESG report for the year ending December 31, 2021, will be published separately and available on the company's website[175]. - The company has established safety, quality, and environmental management systems to meet customer requirements in these areas, enhancing its public image and customer confidence[200]. - The company has obtained ISO 9001 and ISO 14001 certifications to improve its reputation and compliance with safety, quality, and environmental standards[200].

Hong Kong 香港 • Macau 澳門 Lai Si Construction 黎氏企業控股有限公司 (於開曼群島註冊成立的有限公司) (股份代號 : 2266) ■ ■■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■■■ III III W 中期報告 2021 | --- | --- | |---------------------------------------------|------------------------------------| | | | | 董事會 | 授權代表 | | 執行董事 | 黎鳴山先生 盧漢傑先生，會計師 | | 黎英萬先生 （主席） 黎鳴山先生 （行政總裁） | 註冊辦事處 | | 黎盈惠女士 張穎思女士 | Windward 3, Regatta Office Park | | | PO Box 1350 | | 獨立非執行董事 | Grand Cayman KY1-1108 | | 陳振聲先生 陳玉泉先生 林美芳女士 | Cayman Islands 澳門總部 | | | 澳門 | | 審核委員會 | 沙梨頭海邊街 54 號 | | 陳振聲先生 （主席） ...