Financial Performance - The Group recorded a revenue of approximately HK$568.5 million for FY2023, representing an increase of approximately HK$74.3 million or 15.0% from FY2022[20]. - Gross profit for the year was approximately HK$100.8 million, reflecting a significant increase of 66.0% from approximately HK$60.7 million in the previous year[33]. - The gross profit margin improved to approximately 17.7%, up from 12.3% in the previous year[33]. - Profit before income tax increased to HK$45.3 million, a 209.9% rise from HK$14.6 million in the previous year[30]. - Net profit for the year was approximately HK$37.1 million, representing a 222.9% increase from HK$11.5 million in the previous year[30]. - The cost of revenue for the year was approximately HK$467.7 million, an increase of 7.9% compared to HK$433.5 million in the previous year[32]. - Administrative and other operating expenses for the year were approximately HK$52.6 million, an increase of approximately HK$10.7 million from approximately HK$41.9 million in the previous year[40]. - Finance costs for the year were approximately HK$2.1 million, an increase of approximately HK$0.9 million or 75.0% compared to HK$1.2 million in the previous year[36]. Business Outlook - The improvement in revenue was primarily due to the gradual subsiding of COVID-19 and the resumption of key project progress[20]. - The Group expects a steady flow of business opportunities in the medium to long term, particularly from construction projects associated with the Lantau Tomorrow Vision and Northern Metropolis development plans, anticipated to launch in 2024[12]. - The construction market continues to face challenges such as competition for manpower, rising material prices, and unstable transportation costs[11]. - The construction market is expected to see steady growth due to strong demand for residential and commercial buildings, supported by government policies[27]. - The Group's performance reflects a positive outlook for the construction industry in Hong Kong, driven by upcoming government projects[12]. Dividends - A final dividend of HK$3.0 cents per share has been recommended for shareholders[13]. - The Group has proposed a final dividend of HK3.0 cents for the Year, an increase from HK1.5 cents in FY2022, amounting to HK$16.7 million compared to HK$9.0 million in FY2022[193]. - The final dividend is subject to shareholder approval at the upcoming annual general meeting, with payment expected around 20 September 2023[193]. - No interim dividend was paid during the Year, consistent with FY2022[192]. Operational Highlights - The Group's business activities include structural engineering works, supply of building material products, and trading of building material products, with no significant changes in operations during the year[19]. - The Group's outstanding contracts on hand as of 31 March 2023 amounted to approximately HK$1,144 million[25]. - Major ongoing projects include the Design, Supply and Fixing of Roof Cladding Works for Certain Sports Facilities in Kowloon City, with expected completion in Q2 2024, valued at HK$259.5 million[24]. - The Group's projects include roadways, noise barriers, and building structures, which are expected to contribute positively to future revenue[12]. Corporate Governance - The company has maintained compliance with all provisions of the Corporate Governance Code during the year[104]. - The Board is committed to upholding good corporate governance standards for the benefit of shareholders[103]. - The Company has established an audit committee, a remuneration committee, and a nomination committee with specific written terms of reference[104]. - The Company has established various board committees to enhance corporate governance practices[111]. - The Company has adopted the Model Code for Securities Transactions by Directors, ensuring compliance throughout the Year[145]. Employee Relations - The total employee benefit expenses for the year were approximately HK$73.1 million, compared to HK$66.1 million in FY2022, reflecting an increase in workforce from 164 to 198 employees[70]. - The Directors recognize the importance of employee relationships, ensuring reasonable remuneration and regular training for skill improvement[189]. - The Group maintained a good relationship with its employees and did not experience significant labor disputes or recruitment difficulties during the year[70]. Risk Management - The Group's financial performance may be adversely affected by potential legal claims or disputes, which can divert management's focus from operations[181]. - Legal claims or proceedings may adversely impact the Group's business operations, diverting management's attention and incurring costs[175]. - The Company has engaged an external consultant to review its internal control and risk management system, which was deemed effective and adequate during the Year[149]. - The Company maintains effective internal controls and risk management systems, with external consultants reviewing these systems annually[154][155]. Current Financial Position - The current ratio decreased to 2.1 times from 2.5 times in the previous year, while the gearing ratio increased to 20.8% from 6.6%[30]. - As of March 31, 2023, the Group had net current assets of approximately HK$246.7 million, an increase from HK$226.5 million as of March 31, 2022[52]. - The Group's gearing ratio as of March 31, 2023, was 20.8%, up from approximately 6.6% in the Previous Year, due to increased bank borrowings[57]. - As of March 31, 2023, the Group had total cash and bank balances of approximately HK$114.8 million and fixed deposits of HK$10.1 million, compared to HK$105.4 million and no fixed deposits as of March 31, 2022[62]. - The Group generated a net cash inflow from operating activities of approximately HK$4.7 million for the year[63]. Shareholder Engagement - The Company encourages two-way communication with investors, providing extensive information through annual and interim reports[156]. - Shareholders holding at least one-tenth of the paid-up capital have the right to requisition an extraordinary general meeting, which must be held within two months of the request[160]. - The Company welcomes proposals from shareholders for discussion at meetings, following specified procedures[162].

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 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 KPa-BM Holdings Limited 應 力 控 股 有 限 公 司 * （於開曼群島註冊成立之有限公司） （股份代號：2663） 截至二零二三年三月三十一日止年度之 全年業績公佈 財務摘要 截至三月三十一日止年度 二零二三年 二零二二年 百萬港元 百萬港元 收益 568.5 494.2 毛利 100.8 60.7 毛利率 17.7% 12.3% 年內溢利 37.1 11.5 減：政府補助 2.1 – 按正常化基準計算之年內溢利 35.0 11.5 按正常化基準計算之純利率 6.2% 2.3% 於三月三十一日 ...

Financial Performance - The Group's revenue for the six months ended 30 September 2022 was approximately HK$292.6 million, an increase of approximately HK$29.3 million or 11.1% compared to HK$263.3 million for the previous period[12]. - The Group's gross profit for the period increased by approximately HK$3.0 million, mainly due to the rise in revenue[13]. - The Group's profit for the Period increased by approximately HK$3.9 million, mainly due to an increase in gross profit and government subsidies of approximately HK$2.1 million received during the Period[19]. - Profit before income tax increased to HK$28,060,000, up from HK$23,720,000, marking an increase of approximately 18.5%[67]. - Profit for the period was HK$23,427,000, compared to HK$19,520,000 in the prior year, indicating a growth of around 20.5%[67]. - Total comprehensive income for the period was HK$21,658,000, an increase from HK$19,796,000, representing an increase of about 9.7%[67]. - Basic and diluted earnings per share rose to HK$3.90, compared to HK$3.25 in the same period last year, reflecting an increase of approximately 20%[67]. Revenue and Contracts - The value of outstanding contracts on hand as of 30 September 2022 was approximately HK$988 million, with an additional project awarded in November 2022 valued at over HK$200 million[9]. - The increase in revenue was primarily due to favorable progress in key projects during the reporting period[12]. - The Group expects a steady flow of construction contracts from the public sector in the coming years due to the HKSAR Government's proposed infrastructure projects[9]. - The construction market in Hong Kong has remained relatively steady, supported by the government's long-term housing strategy and infrastructural development[9]. Costs and Expenses - The gross profit margin for the period was approximately 15.8%, a decrease from approximately 16.5% in the previous period, attributed to the impact of prolonged projects[13]. - The Group's operational costs have been impacted by rising energy and commodity prices, as well as increasing interest rates[9]. - Administrative and other operating expenses were approximately HK$20.0 million for the Period, remaining stable compared to the Previous Period[17]. - Employee benefit expenses, including salaries and allowances, amounted to HK$23,290,000, up from HK$21,718,000 in 2021, which is an increase of approximately 7.2%[102]. Assets and Liabilities - As of 30 September 2022, the Group had net current assets of approximately HK$240.6 million, including cash and bank balances of approximately HK$107.3 million[22]. - The current ratio as of 30 September 2022 was approximately 1.9 times, down from 2.5 times as of 31 March 2022[22]. - The gearing ratio as of 30 September 2022 was 20.2%, significantly up from approximately 6.6% as of 31 March 2022, due to short-term loans taken to settle material costs[25]. - Total assets as of September 30, 2022, amounted to HK$509,696,000, an increase from HK$374,996,000 as of March 31, 2022, representing a growth of 36%[70]. - The company’s trade and other receivables rose to HK$185,933,000 as of September 30, 2022, compared to HK$90,733,000 as of March 31, 2022, indicating a significant increase of 105%[70]. Shareholder Information - As of September 30, 2022, Mr. Wai Yat Kin and Mr. Yip Pak Hung each held a corporate interest of 369,000,000 shares, representing 61.5% of the issued share capital[47][53]. - Ms. Lam Suk Lan Bonnie and Ms. Wu Janet each held a spouse interest of 434,420,000 shares, representing 72.4% of the issued share capital[53]. - The register of substantial shareholders indicated that no other persons had interests or short positions in the shares of the Company as of September 30, 2022[54]. Dividends - The Group did not recommend an interim dividend for the six months ended September 30, 2022, consistent with the previous year[37][41]. - The company paid dividends of HK$9,000,000 in respect of 2022, down from HK$33,000,000 for 2021, reflecting a reduction of 73%[73]. Governance and Compliance - The Company complied with all provisions of the Corporate Governance Code during the period and will continue to enhance its governance practices[60]. - There were no significant transactions involving Directors or controlling shareholders that could potentially compete with the Company's business during the period[59]. Employment and Workforce - As of September 30, 2022, the Group employed 178 staff members, an increase from 164 as of March 31, 2022[38][42]. - The Group maintained a good relationship with employees, experiencing no significant labor disputes or recruitment difficulties during the reporting period[39][42]. Segment Information - The Group operates in three segments: Structural Engineering Works, Supply and Installation of Building Material Products, and Trading of Building Material Products[83]. - Segment revenue for the six months ended September 30, 2022, totaled HK$292,621,000, an increase from HK$263,347,000 in the same period of 2021, representing an increase of approximately 11.1%[87]. - The structural engineering works segment generated revenue of HK$264,761,000, while the supply and installation of building material products segment generated HK$25,560,000 for the period[99]. Cash Flow - Net cash used in operating activities was HK$34,843,000 for the six months ended September 30, 2022, compared to HK$14,395,000 for the same period in 2021, indicating a decline in cash flow from operations[77]. - The company reported a net cash generated from financing activities of HK$36,066,000 for the six months ended September 30, 2022, compared to a net cash used of HK$36,066,000 for the same period in 2021[77].

Financial Performance - The company recorded revenue of approximately HKD 494.2 million for the fiscal year ending March 31, 2022, an increase of about HKD 35.7 million or 7.8% compared to HKD 458.5 million in the previous year[12]. - For the fiscal year ending March 31, 2022, the company reported revenue of approximately HKD 494.2 million, an increase of 7.8% from HKD 458.5 million in the previous year[26]. - The cost of revenue for the year was approximately HKD 433.5 million, representing a 21.1% increase from HKD 357.8 million in the prior year[27]. - The gross profit decreased to approximately HKD 60.7 million, down 39.7% from HKD 100.7 million, resulting in a gross margin decline from 22.0% to 12.3%[27]. - Net profit for the year was approximately HKD 11.5 million, a decrease of 77.1% from HKD 50.2 million in the previous year[34]. - The company recorded other income of approximately HKD 1.3 million, significantly lower than the previous year's HKD 4.8 million, which included one-time government subsidies[28]. - The company's administrative and other operating expenses decreased to approximately HKD 41.9 million from HKD 43.4 million in the prior year[29]. - The effective tax rate for the year was approximately 21.3%, up from 15.2% in the previous year, primarily due to changes in investment property sales[33]. - The company proposed a final dividend of HKD 0.015 per share, totaling HKD 9.0 million, down from HKD 15.0 million the previous year[35]. Contract and Project Updates - The total value of uncompleted contracts as of March 31, 2022, reached a record high of HKD 1,135 million, up from HKD 1,032 million a year earlier[7]. - The company successfully secured several new contracts during the year, benefiting from the Hong Kong government's expansionary fiscal policies and infrastructure investments[7]. - Major projects undertaken during the year included a steel structure and roofing project on Lamma Island, generating revenue of HKD 155.55 million, and several other ongoing projects with expected completion dates in 2022 and 2024[14]. - The company anticipates a steady flow of construction contracts from the public sector in the coming years, driven by government initiatives to develop a metropolitan area of 300 square kilometers[7]. - The construction market in Hong Kong remained relatively stable despite the uncertain business environment, with continued demand for residential and commercial buildings[17]. Operational Challenges - The company faced challenges due to the COVID-19 pandemic, including project delays and increased labor and material costs, particularly in steel prices[6]. Governance and Management - The company has a strong governance structure with a commitment to high standards of corporate governance, having complied with all provisions of the corporate governance code during the year[66]. - The board of directors is responsible for formulating the overall strategy and monitoring management performance, ensuring effective decision-making in a rapidly changing environment[70]. - The company has appointed independent non-executive directors to provide independent judgment on strategy, performance, resources, and ethical standards[59]. - The management team has extensive experience in the construction and engineering sectors, with key personnel having over 30 years of industry experience[61]. - The company is focused on continuous improvement in corporate governance practices to meet increasing regulatory requirements and shareholder expectations[66]. - The company has established various committees, including the audit committee, remuneration committee, and nomination committee, to enhance governance oversight[66]. - The chairman and CEO roles are held by different individuals to ensure a clear division of responsibilities[67]. - The company is committed to training and continuous professional development for its directors and senior management[70]. - The company has a dedicated company secretary with over 30 years of experience in accounting, auditing, and corporate governance[63]. - The management team is responsible for overseeing the operations of the group's construction materials trading business segment[62]. - The audit committee reviewed and assessed the group's financial reports and performance announcements during the year[81]. - The total fees paid to the auditor for audit services amounted to HKD 690,000, with no fees for non-audit services[87]. - All independent non-executive directors confirmed their independence from the group during the year[75]. - The company has established a board diversity policy to ensure a balanced representation of knowledge and perspectives[76]. - The remuneration committee reviewed overall employee salary adjustments and discretionary bonus payments[82]. - The board consists of a diverse range of backgrounds and extensive industry expertise to effectively oversee the company's operations[85]. - The company secretary completed no less than 15 hours of relevant professional training as required by the listing rules[90]. - The company has adopted a code of conduct for directors regarding securities trading in compliance with listing rules[92]. - The board members attended all meetings, with the chairman and CEO present at 100% of the board meetings[72]. - The audit committee is chaired by a member with appropriate professional qualifications and financial management expertise[81]. Environmental, Social, and Governance (ESG) Initiatives - Energy consumption reduced by 9.4% and carbon emission intensity decreased by 11%[106]. - Air pollutants reduced by 16% to 23%[106]. - Water usage decreased by 20%[106]. - Total training hours for employees increased significantly by 137%, from 371 hours to 878 hours[106]. - The company maintained zero fatalities in its operations this year[106]. - The company adopted a new climate change policy to address risks and opportunities related to climate change[106]. - The company set environmental goals to reduce energy consumption and carbon emissions by 2024[106]. - The company has been awarded the "Caring Company" title for five consecutive years by the Hong Kong Council of Social Service[106]. - The company encourages two-way communication with investors and provides detailed business information in annual and interim reports[95]. - The company has established a website to disclose financial and other information related to its operations[95]. - The company has established environmental, social, and governance (ESG) goals and strategies approved by the board of directors to create long-term value for stakeholders[115]. - The board regularly reviews the progress and performance of ESG objectives to ensure they are on track and makes necessary adjustments to action plans[119]. - The company has implemented risk management mechanisms to identify climate change risks and opportunities, ensuring the achievement of sustainability goals[115]. - A stakeholder engagement process has been established to understand expectations and assess the importance of ESG issues[116]. - The company has set mid-term environmental targets aligned with its long-term mission of "Building a Better Life"[119]. - The ESG working group is responsible for executing and reporting on ESG initiatives, ensuring alignment with the company's strategic plans[120]. - The company emphasizes the importance of providing employees with sustainable development opportunities and a balanced work-life environment[115]. - Regular feedback on ESG performance is provided to the board to evaluate the need for revisions in strategies and objectives[123]. - The company has committed to promoting green building practices to minimize environmental impact from operations[115]. - The ESG strategy is integrated into the company's overall business strategy to ensure comprehensive governance and risk management[120]. Sustainability and Environmental Impact - Total energy consumption decreased by 9.4%[144]. - NOx, SOx, and PM emissions reduced by 22%, 16%, and 23% respectively[144]. - Greenhouse gas emission density improved by 11%[144]. - Total harmless waste volume decreased by 15%[144]. - Water usage density reduced by 20%[144]. - The company established an Environmental, Social, and Governance (ESG) working group to address sustainability goals[131]. - Key performance indicators (KPIs) were identified for measuring ESG performance[127]. - Stakeholder engagement was emphasized to assess the importance of ESG issues[125]. - The company aims to integrate sustainable development values across various business areas[126]. - A sustainability consultant was hired to develop a questionnaire for key stakeholders regarding ESG issues[139]. - The company adheres to the ISO 14001:2015 environmental management system, ensuring compliance with environmental laws and regulations in Hong Kong and China[147]. - The company has obtained necessary permits from authorities in China, confirming compliance with noise control, waste gas emission, wastewater discharge, and solid waste management regulations[148]. - The company aims to reduce environmental impacts, avoid pollution, and minimize carbon footprint as part of its operational goals[150]. - The company promotes the use of green building materials to help reduce energy consumption in construction projects[150]. - The company has implemented measures to enhance employee and stakeholder awareness of environmental protection practices[151]. - The company recognizes the risks associated with climate change and has adopted a new climate change policy to mitigate potential impacts[154]. - The company is committed to contributing to carbon emission reduction by improving energy efficiency and reducing energy usage[155]. - The company has identified physical and transitional climate-related risks, implementing measures to mitigate these risks, such as better labor planning and communication with subcontractors[157]. - Total energy consumption for the group was 721.1 thousand kWh, down from 795.8 thousand kWh in the previous year[164]. - Diesel consumption for trucks decreased by over 21% compared to the previous year, while gasoline consumption for passenger vehicles slightly dropped by 2.6%[161]. - Greenhouse gas emissions from fuel combustion (Scope 1) decreased by 16.9% to 100.28 tons of CO2 equivalent[173]. - Indirect emissions from purchased electricity (Scope 2) reduced by 21.4% to 180.32 tons of CO2 equivalent[173]. - Overall greenhouse gas emissions decreased by 19.1% to 295.95 tons of CO2 equivalent[173]. - Energy consumption density increased slightly by 0.2% to 5.44 kWh per employee[164]. - The company plans to replace existing gasoline passenger vehicles with more energy-efficient electric vehicles in the medium to long term[160]. - The company has implemented energy-saving measures, including the use of LED lighting and independent air conditioning controls in offices[172]. - The company has replaced one vehicle in its fleet with an electric vehicle during the reporting year[169]. - Water consumption decreased by 26% in 2022, totaling 2,589 cubic meters compared to 3,503 cubic meters in 2021[177]. - Water density per employee reduced by 20%, from 23.91 cubic meters per employee in 2021 to 19.54 cubic meters per employee in 2022[177]. - Total water usage in the Chinese operations decreased by 19% due to fewer metal products requiring cleaning after welding[178]. - Packaging material usage increased by 113% in 2022, totaling 2,151 kilograms compared to 1,008 kilograms in 2021[182]. - The density of packaging materials used per million HKD factory revenue increased by 42.6%, from 38.0 kg to 54.2 kg[182]. - Non-hazardous waste from packaging materials increased by 14.9%, totaling 54 tons in 2022 compared to 47 tons in 2021[187]. - Greenhouse gas emissions density decreased by 11% in 2022, with a target to reduce it by 20% to 2 tons of CO2 equivalent per employee by 2024[192]. - Energy consumption density increased by 0.8% in 2022, with a target to reduce it by 10% to 4.89 kWh per employee by 2024[192]. - Water density target set to reduce by 10% to 21.5 cubic meters per employee by 2024[190]. - Non-hazardous waste target set to reduce by 5% to 44.7 tons by 2024[190]. Employee and Talent Management - The company emphasizes the importance of attracting and retaining top talent through competitive compensation, benefits, and rewards[195]. - The company aims to create a balanced work environment that allows employees to achieve their potential while being treated fairly and with respect[197]. - Competitive compensation and benefits are provided based on industry benchmarks, including healthcare, travel insurance, and retirement plan contributions[200].

Revenue and Profitability - For the six months ended September 30, 2021, the company's revenue was approximately HKD 263.3 million, an increase of about HKD 54.4 million or 26.0% compared to HKD 208.9 million for the same period in 2020[10]. - Revenue for the six months ended September 30, 2021, was HKD 263,347,000, representing a 26% increase from HKD 208,898,000 in the same period of 2020[49]. - Gross profit for the same period was HKD 43,446,000, slightly down from HKD 43,725,000, indicating a marginal decrease of 0.6%[49]. - Profit before tax decreased to HKD 23,720,000, down 13% from HKD 27,485,000 in the previous year[49]. - Net profit for the period was HKD 19,520,000, a decrease of 16% compared to HKD 23,198,000 in the prior year[49]. - Basic and diluted earnings per share were HKD 3.25, down from HKD 3.87, reflecting a decline of 16%[49]. Financial Position - The total value of uncompleted contracts as of September 30, 2021, reached a historical high of approximately HKD 1,146 million[8]. - The overall gross profit margin for the period was approximately 16.5%, down from 20.9% in the previous period[12]. - The company's current ratio as of September 30, 2021, was approximately 2.2, down from 2.5 as of March 31, 2021[18]. - The company had cash and bank balances of approximately HKD 87.4 million as of September 30, 2021, compared to approximately HKD 116.6 million as of March 31, 2021[18]. - The company's equity as of September 30, 2021, was approximately HKD 255.0 million, down from approximately HKD 268.2 million as of March 31, 2021[19]. - Total assets as of September 30, 2021, were HKD 436,933,000, an increase from HKD 386,205,000 as of March 31, 2021[51]. - Current liabilities increased to HKD 198,612,000 from HKD 157,337,000, indicating a rise of 26%[51]. - The company's debt-to-equity ratio as of September 30, 2021, was 4.5%, an increase from 4.3% as of March 31, 2021, primarily due to lease liabilities arising from the adoption of HKFRS 16[20]. Expenses and Cash Flow - Administrative and other operating expenses increased by approximately 4.2% to about HKD 19.7 million from approximately HKD 18.9 million in the previous period[13]. - The total employee benefit expenses for the six months ended September 30, 2021, amounted to approximately HKD 21.7 million, with 156 employees as of the reporting date[29]. - The company reported a net cash outflow from operating activities of HKD 14,395,000 for the six months ended September 30, 2021, compared to a net inflow of HKD 41,216,000 in the same period of 2020[62]. - The cash and cash equivalents at the end of the period were HKD 87,381,000, down from HKD 148,586,000 at the end of the same period last year[62]. - The company incurred financing cash outflows of HKD 36,066,000, compared to HKD 17,516,000 in the previous year[62]. Corporate Governance and Management - The company maintained compliance with corporate governance codes and established audit, remuneration, and nomination committees[44]. - There were no competitive interests reported among directors and major shareholders during the period[43]. - The company continues to review its corporate governance practices to meet increasing regulatory requirements and shareholder expectations[44]. - For the six months ended September 30, 2021, the total compensation for directors and key management personnel was HKD 3,138,000, a decrease of 16.3% from HKD 3,747,000 in the same period of 2020[121]. - Salary, allowances, and benefits for the same period amounted to HKD 3,120,000, down 16.2% from HKD 3,720,000 in 2020[121]. - Defined contribution retirement plan contributions decreased to HKD 18,000 from HKD 27,000, representing a decline of 33.3%[121]. Investments and Dividends - The company did not recommend any interim dividend for the six months ended September 30, 2021, consistent with the previous period[28]. - There were no significant investments held by the company during the reporting period[25]. - The company did not engage in any acquisitions or disposals of subsidiaries during the reporting period[26]. - The company completed the sale of all its investment properties in Hong Kong for a total consideration of HKD 21,612,000, with the sale finalized on October 15, 2021[30]. - The sale of Hong Kong investment properties was completed on October 15, 2021, following agreements with independent third-party buyers on May 17, 2021, and July 12, 2021[122]. Segment Performance - The structural engineering segment generated revenue of HKD 251,352,000, while the building materials supply and installation segment contributed HKD 9,536,000[74]. - The company reported a segment profit of HKD 37,689,000 from the structural engineering segment for the six months ended September 30, 2021[74]. - Segment profit for the engineering work was HKD 22,290,000, while the profit for building materials products was HKD 2,206,000, contributing to a total segment profit of HKD 26,520,000[77]. - The company reported no significant changes in its reportable segments since the financial statements for the year ended 2021[77]. Trade and Receivables - Trade receivables net of impairment as of September 30, 2021, reached HKD 102,634,000, up from HKD 43,603,000 as of March 31, 2021, representing a significant increase of 135.5%[101]. - The net amount of retention receivables as of September 30, 2021, was HKD 88,860,000, compared to HKD 79,329,000 as of March 31, 2021, reflecting an increase of 12.5%[102]. - Trade payables as of September 30, 2021, totaled HKD 59,545,000, an increase from HKD 53,194,000 as of March 31, 2021, indicating a growth of 11.1%[112]. - The amount of retention payables as of September 30, 2021, was HKD 34,249,000, compared to HKD 31,500,000 as of March 31, 2021, reflecting an increase of 8.7%[112]. - The company has maintained a consistent credit policy, requiring clients to pay a percentage of the order amount as a deposit, with a 30-day credit period after product delivery[103]. - The company has not made any impairment provisions for retention receivables due to the long-term business relationships with clients and stable credit quality[102].

Financial Performance - The group's revenue for the fiscal year ending March 31, 2021, was approximately HKD 458.5 million, a decrease of about HKD 274.8 million or 37.5% compared to HKD 733.3 million for the previous fiscal year[9]. - The company recorded revenue of approximately HKD 458.5 million for the year, a significant decrease of 37.5% compared to HKD 733.3 million in the previous year[38]. - Cost of revenue decreased by 42.6% to approximately HKD 357.8 million from HKD 623.6 million in the previous year[39]. - Gross profit was approximately HKD 100.7 million, down 8.3% from HKD 109.7 million, with a gross margin increase from 15.0% to 22.0%[39]. - Other income for the year was approximately HKD 6.8 million, including government subsidies of HKD 4.8 million related to pandemic relief[40]. - Administrative and other operating expenses decreased to approximately HKD 44.1 million from HKD 46.6 million, a reduction of about HKD 2.5 million[41]. - Financial costs were approximately HKD 0.9 million, down 50% from HKD 1.8 million due to reduced bank borrowings[42]. - The company's net profit for the year was approximately HKD 50.2 million, a decrease of 6.7% from HKD 53.8 million in the previous year[48]. Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.025 per share and a special dividend of HKD 0.03 per share[11]. - The board proposed a final dividend of HKD 0.025 per share and a special dividend of HKD 0.030 per share, totaling HKD 33 million[49]. Contracts and Projects - As of March 31, 2021, the group had an outstanding contract amount of HKD 1,032 million, significantly up from HKD 410 million as of March 31, 2020[10]. - The group successfully secured several new contracts during the fiscal year, despite challenges posed by the COVID-19 pandemic[10]. - Major ongoing projects include a steel structure and roofing project at Hong Kong International Airport valued at HKD 96.78 million, expected to be completed by June 2021[18]. - Another significant project is the steel structure and roofing project at Lamma Island Unit 11, valued at HKD 80.83 million, with an expected completion date of December 2021[18]. Financial Management and Liquidity - The group plans to maintain prudent financial management while actively seeking market opportunities to stimulate growth[10]. - Current assets increased slightly to HKD 386.2 million from HKD 382.2 million, while current liabilities decreased by 17.4% to HKD 157.3 million[34]. - The current ratio improved to 2.5 from 2.0, indicating a stronger liquidity position[51]. - The company's equity attributable to owners increased to approximately HKD 268.2 million as of March 31, 2021, compared to HKD 231.9 million as of March 31, 2020[57]. - The capital debt ratio decreased to 4.3% as of March 31, 2021, down from approximately 7.7% as of March 31, 2020[58]. - The net cash generated from operating activities for the year was approximately HKD 15.7 million[58]. - The company maintained a prudent financial management policy throughout the year, ensuring a stable liquidity position[59]. Employee and Workforce Management - The total employee benefit expenses for the year amounted to approximately HKD 62.2 million, down from HKD 64.2 million in the previous fiscal year[67]. - The company employed 170 staff as of March 31, 2021, a decrease from 193 staff as of March 31, 2020[67]. - As of March 31, 2021, the group employed 79 staff in Hong Kong (2020: 80) and 91 staff in China (2020: 113)[200]. - The company provides a 5% contribution to the Mandatory Provident Fund for all salary levels in Hong Kong[196]. - The company emphasizes competitive compensation and benefits based on industry benchmarks to attract and retain talent[196]. - Employee benefits include healthcare, travel insurance, paid and unpaid leave, and an employee stock option plan[196]. - The company is committed to creating a balanced work environment that respects employees' rights and promotes their potential[195]. - The company does not employ child or forced labor, adhering to ethical labor practices[196]. - The company ensures fair treatment of employees regardless of nationality, race, religion, age, gender, or disability[196]. Corporate Governance and Compliance - The management team emphasized the importance of maintaining high corporate governance standards, adhering to all regulatory requirements[88]. - The board of directors has established specific committees to oversee compliance and governance practices, ensuring transparency and accountability[89]. - The audit committee reviewed and evaluated the group's financial reports and performance announcements, providing opinions on risk management and internal control systems[109]. - The total fees paid to the auditor for audit services amounted to HKD 680,000, with no fees for non-audit services[115]. - The company has established a board diversity policy to ensure a balanced knowledge and perspective in decision-making[101]. - All independent non-executive directors confirmed their independence from the group during the year[100]. - The board is responsible for assessing and determining the nature and extent of risks related to the group's operations[124]. - The company has implemented internal control and risk management systems to protect shareholder interests and company assets[124]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes the importance of sustainable development and stakeholder engagement in its operations[145]. - The corporate social responsibility strategy is formulated by senior management and approved by the board, aiming to align the group's philosophy with long-term stakeholder value creation[150]. - The ESG working group was established in 2016 and consists of department heads from key areas of the company, ensuring effective communication of CSR goals and directives from the board[155]. - The ESG working group monitors activities related to environmental, social, and governance aspects to promote continuous improvement[156]. - Key performance indicators (KPIs) are identified for measuring performance and action plans related to sustainability initiatives[157]. - Stakeholder engagement is crucial for assessing priorities in CSR strategy formulation, with various communication channels established to understand stakeholder concerns[159]. - The company prioritizes significant ESG issues identified through a materiality assessment, focusing on long-term planning[164]. - The top ten ESG issues are highlighted, including air pollutants and greenhouse gas emissions, energy consumption, and human rights[167]. - The company has transitioned its occupational health and safety management system from OHSAS 18001:2007 to ISO 45001:2018, focusing on risk prevention and continuous improvement[183]. - The company has established a stakeholder engagement process to assess and manage environmental, social, and governance (ESG) risks, ensuring adequate human and financial resources are allocated[171]. - The company actively promotes employee health management and provides necessary education and training for occupational safety[179]. - The company has taken measures to ensure a safe working environment during the COVID-19 pandemic, including dividing office staff into groups to minimize contact[189]. - The company has reported no significant non-compliance issues regarding the provision of a safe working environment and protection against occupational injuries during the reporting year[191]. Awards and Recognition - The company received the "Best Safety Subcontractor" award from a client for the Andashan Road Quarry project in December 2020[139]. - The company was awarded the "Model Subcontractor Award" by the Hong Kong Development Bureau in October 2020[139].

Revenue and Profitability - For the six months ended September 30, 2020, the company's revenue was approximately HKD 208.9 million, a decrease of about HKD 182.3 million or 46.6% compared to HKD 391.2 million for the same period in 2019[8]. - Revenue for the six months ended September 30, 2020, was HKD 208,898,000, a decrease of 46.5% compared to HKD 391,215,000 for the same period in 2019[48]. - Gross profit for the same period was HKD 43,725,000, down 6.0% from HKD 46,539,000 in 2019[48]. - Profit before tax was HKD 27,485,000, a decrease of 9.5% from HKD 30,402,000 in the previous year[48]. - Net profit for the period was HKD 23,198,000, down 11.0% from HKD 26,095,000 in 2019[48]. - Basic and diluted earnings per share were HKD 3.87, compared to HKD 4.35 in the same period last year, reflecting a decline of 11.0%[48]. - The total comprehensive income for the period was HKD 23,861,000, down from HKD 26,003,000 in the previous year, indicating a decline of about 8.2%[57]. Assets and Liabilities - Current assets as of September 30, 2020, were approximately HKD 397.978 million, compared to HKD 382.155 million as of March 31, 2020[16]. - Total assets as of September 30, 2020, were HKD 397,978,000, an increase from HKD 382,155,000 as of March 31, 2020[50]. - Current assets increased to HKD 200,106,000 from HKD 191,591,000, indicating a growth of 4.0%[50]. - Non-current assets decreased to HKD 49,759,000 from HKD 51,783,000, a decline of 3.9%[50]. - The total value of uncompleted contracts was approximately HKD 1,029 million, indicating ongoing project opportunities[6]. - The company's debt-to-equity ratio was 6.9%, down from 7.7% on March 31, 2020, due to lease liabilities arising from the adoption of HKFRS 16[20]. - The company had no bank borrowings as of September 30, 2020, and maintained an unencumbered bank financing status[23]. - The total trade and other payables amounted to HKD 82,797,000 as of September 30, 2020, down from HKD 99,145,000 as of March 31, 2020, a reduction of 16.5%[106]. Expenses and Costs - The company's administrative and other operating expenses decreased by approximately 6.0% to about HKD 18.9 million from HKD 20.1 million in the previous period[11]. - Financial costs for the period were approximately HKD 0.6 million, a reduction of about 25% from HKD 0.8 million in the previous period[12]. - Total employee benefit expenses for the six months ended September 30, 2020, amounted to approximately HKD 20.3 million, with 186 employees as of the same date[29]. - Employee benefits expenses, including directors' remuneration, increased to HKD 20,263,000 from HKD 18,702,000 in the prior year, marking an increase of approximately 8.3%[83]. - The company incurred depreciation expenses of HKD 3,785,000 for the six months ended September 30, 2020, compared to HKD 3,496,000 in the same period of 2019, representing an increase of about 8.3%[83]. Taxation - The effective tax rate for the period was 15.6%, higher than the previous period's rate of 14.2%[13]. - The total tax expense for the six months ended September 30, 2020, was HKD 4,287,000, slightly down from HKD 4,307,000 in the previous year[85]. Cash Flow and Dividends - Cash generated from operating activities was HKD 41,216,000, a significant improvement from a cash outflow of HKD 648,000 in the prior year[60]. - The company reported a cash and cash equivalents balance of HKD 148,586,000 at the end of the period, up from HKD 47,516,000 at the same time last year, reflecting an increase of approximately 212.5%[60]. - The company paid dividends of HKD 15,000,000 during the period, compared to HKD 9,600,000 in the previous year, marking an increase of 56.3%[60]. - The board did not recommend any interim dividend for the six months ended September 30, 2020, consistent with the previous year[28]. Investments and Acquisitions - The company had no significant investments or acquisitions during the reporting period[25][26]. - There were no purchases, sales, or redemptions of the company's listed shares during the reporting period[37]. Shareholder and Corporate Governance - The company will continue to explore new opportunities beneficial to the group and its shareholders[7]. - The company did not declare any interim dividend for the six months ended September 30, 2020, consistent with the previous year[87]. - The issued and fully paid ordinary shares remained at 600,000,000 as of both September 30, 2020, and March 31, 2020[108]. Risk Management - The company maintained a prudent treasury policy to manage foreign currency risks, with no hedging activities undertaken during the period[21]. - The group has sufficient insurance coverage for potential losses from ongoing litigation, which is not expected to have a significant adverse impact on the financial position[110]. Related Party Transactions - Related party transactions with Biao Yu Technology (Shenzhen) Co., Ltd. amounted to zero for the six months ended September 30, 2020, compared to HKD 1,050 million for the same period in 2019[113].

Financial Performance - The company reported a revenue of approximately HKD 733.3 million for the fiscal year ending March 31, 2020, compared to HKD 415.0 million for the previous fiscal year, representing a growth of 76.7%[7] - The company recorded revenue of approximately HKD 733.3 million for the year ended March 31, 2020, a significant increase of 76.7% compared to HKD 414.9 million in the previous year[20] - The cost of revenue for the year was approximately HKD 623.6 million, up 81.9% from HKD 342.8 million in the prior year, resulting in a gross profit of approximately HKD 109.7 million, which is a 52.0% increase[29] - The company’s net profit for the year increased to approximately HKD 53.8 million, up 90% from HKD 28.3 million in the previous year[35] - The outstanding contract amount as of March 31, 2020, decreased to approximately HKD 409.9 million, indicating effective project management and execution[7] - The company has secured new contracts totaling approximately HKD 531.6 million since the end of the fiscal year 2020[19] Project Management and Operations - Major ongoing projects include a steel structure and roofing project at Hong Kong International Airport valued at HKD 266.38 million, expected to be completed by December 2020[17] - The company aims to improve operational efficiency and project execution capabilities to maximize benefits from business expansion[8] - The company confirmed revenue from structural engineering services and material supply and installation during the fiscal year[15] - As of March 31, 2020, the total value of ongoing projects with estimated unfulfilled contracts exceeding HKD 50 million was approximately HKD 409.9 million[19] - The company is currently bidding or awaiting results for 14 large-scale projects with an estimated total contract value exceeding HKD 501 million[19] Corporate Governance - The company is committed to maintaining high standards of corporate governance and has complied with all provisions of the Corporate Governance Code as per the listing rules[68] - The board of directors is responsible for formulating the overall strategy and monitoring the performance of the management team[72] - The company has established an audit committee, remuneration committee, and nomination committee to enhance governance practices[68] - The independent non-executive directors provide independent judgment on the group's strategy, performance, resources, and standards of conduct[60] - The company has a strong governance framework that allows for timely decision-making in a rapidly changing environment[69] - The board is committed to reviewing and enhancing corporate governance practices to meet increasing expectations from shareholders and investors[68] Financial Position - The company’s current ratio as of March 31, 2020, was approximately 2.0, down from 2.2 in the previous year[25] - The total assets of the company increased by 32.3% to approximately HKD 433.9 million as of March 31, 2020, compared to HKD 328.0 million in the previous year[25] - The capital debt ratio improved to 7.7% as of March 31, 2020, down from 13.6% in the previous year, indicating a stronger financial position[42] - As of March 31, 2020, the group had no bank borrowings, compared to approximately HKD 25.4 million as of March 31, 2019[44] - The group maintained a strong liquidity position throughout the year, with no hedging activities undertaken[43] Employee and Workplace - Employee count increased significantly to 193 as of March 31, 2020, up from 93 in the previous year, primarily due to the acquisition of a subsidiary[50] - Total employee benefit expenses for the year amounted to approximately HKD 64.2 million, compared to HKD 46.3 million in the previous fiscal year[50] - The company emphasizes the importance of its employees as the foundation of its success and organizational resilience[136] - Employee headcount in Hong Kong increased to 80 from 65 in 2019, and in Shenzhen, it rose to 113 from 28 in 2019 due to acquisitions and business expansion[138] - The company offers competitive compensation packages based on performance, qualifications, and experience, with a 5% contribution to the MPF retirement plan for all salary levels in Hong Kong[150] Corporate Social Responsibility - The company has established a clear direction and culture for corporate social responsibility, focusing on employee welfare, health and safety, and responsible procurement[120] - The corporate social responsibility strategy is overseen by the board, with daily execution delegated to the environmental, social, and governance working group[125] - The company aims to minimize the impact of significant environmental, social, and governance issues on financial risks through strategic planning[131] - Stakeholder engagement is prioritized to identify and address important environmental, social, and governance issues relevant to the company's operations[129] - The company actively seeks feedback from stakeholders to enhance sustainable value and improve its environmental, social, and governance performance[133] Health and Safety - The company implements OHSAS 18001:2007 occupational health and safety management system to identify and control occupational risks[184] - Regular safety inspections are conducted on construction sites to ensure compliance with safety rules and measures[185] - The company has implemented multiple safety policies and measures in its factories in China, resulting in no serious injury incidents during the reporting year[188] - The company has increased the frequency of cleaning and disinfection services in its offices to mitigate the risk of COVID-19 transmission[191] - The company has installed automatic hand sanitizers and provided masks to employees in the office to reduce the risk of infection[191] Environmental Management - The company is committed to minimizing its operational impact on the environment and integrating environmental factors into its strategic business planning[195] - The company adheres to various environmental regulations in Hong Kong and China, ensuring compliance with laws related to air pollution, noise control, and waste disposal[197][198] - The company has obtained permits from relevant authorities in China, confirming compliance with environmental protection laws regarding noise control and waste management[198] - The company employs an Integrated Management System (IMS) that includes ISO 9001:2015 for quality management, ISO 14001:2015 for environmental management, and OHSAS 18001:2007 for occupational health and safety[199]

Revenue and Profitability - For the six months ended September 30, 2019, the group's revenue was approximately HKD 391.2 million, an increase of about HKD 216.8 million or 124% compared to HKD 174.4 million for the previous period[7]. - Revenue for the six months ended September 30, 2019, was HKD 391,215,000, representing an increase of 124.5% compared to HKD 174,367,000 for the same period in 2018[51]. - Gross profit for the same period was HKD 46,539,000, up from HKD 32,743,000, indicating a growth of 42.1%[51]. - Profit before tax increased to HKD 30,402,000, a rise of 94.5% from HKD 15,650,000 in the previous year[51]. - Net profit for the period was HKD 26,095,000, compared to HKD 13,217,000, reflecting a growth of 97.5%[51]. - Basic and diluted earnings per share rose to HKD 4.35, up from HKD 2.20, marking an increase of 97.3%[51]. - For the six months ended September 30, 2019, the company reported a profit of HKD 26,095,000, a significant increase from HKD 13,217,000 for the same period in 2018, representing a growth of 97%[60]. - The total comprehensive income for the six months ended September 30, 2019, was HKD 26,003,000, compared to HKD 13,135,000 in 2018, indicating a year-over-year increase of 98%[60]. Expenses and Costs - The group's gross profit margin for the current period was approximately 11.9%, a decrease from 18.8% in the previous period, attributed to larger project scales leading to lower profit margins[8]. - Administrative and other operating expenses increased by approximately 18.9% to about HKD 20.1 million, up from HKD 16.9 million in the previous period, primarily due to indirect expenses from the acquisition of a subsidiary[12]. - The total employee benefits expenditure for the six months ended September 30, 2019, was approximately HKD 18.7 million, with a significant increase in the number of employees to 201 from 93[31]. - The total tax expense for the period was HKD 4,307,000, up from HKD 2,433,000 in the previous year, representing a 77% increase[104]. Assets and Liabilities - As of September 30, 2019, the total value of uncompleted contracts was approximately HKD 700.1 million, indicating strong future project pipeline[6]. - The group's net current assets as of September 30, 2019, were approximately HKD 166.2 million, compared to HKD 160.3 million as of March 31, 2019[18]. - The current ratio as of September 30, 2019, was approximately 1.8, down from 2.2 as of March 31, 2019, indicating a slight decrease in liquidity[16]. - The company had available bank and other financing totaling approximately HKD 121.3 million as of September 30, 2019[19]. - The total assets as of September 30, 2019, amounted to HKD 386,294,000, compared to HKD 298,887,000 as of March 31, 2019, showing a growth of 29.2%[53]. - Current liabilities increased to HKD 220,126,000 from HKD 138,621,000, representing a rise of 58.8%[56]. - The company reported a significant increase in inventory, which rose to HKD 7,527,000 from HKD 3,281,000, an increase of 129.5%[53]. - Trade receivables net amount reached HKD 232,784,000 as of September 30, 2019, up from HKD 72,681,000 as of March 31, 2019[122]. - The total amount of trade payables as of September 30, 2019, was HKD 128,735,000, compared to HKD 89,660,000 as of March 31, 2019[129]. - The net amount of retention receivables as of September 30, 2019, was HKD 69,520,000, an increase from HKD 51,759,000 as of March 31, 2019[124]. Corporate Governance and Management - The company has established an audit committee, remuneration committee, and nomination committee to enhance corporate governance practices[45]. - The company is committed to continuous review and improvement of its corporate governance standards to meet regulatory requirements and shareholder expectations[45]. - The total remuneration for directors and key management personnel for the six months ended September 30, 2019, was HKD 3,387,000, a decrease from HKD 3,755,000 in the same period of 2018[156]. Financial Management and Investments - The company did not recommend any interim dividend for the six months ended September 30, 2019, consistent with the previous period[30]. - There were no significant investments held by the company during the period, aside from investments in subsidiaries[27]. - The company did not engage in any hedging activities during the period, maintaining a prudent financial management policy[22]. - The company had no outstanding share options under the share option scheme as of September 30, 2019[39]. - The company reported no pledges on its leased land and buildings as of September 30, 2019, ensuring financial flexibility[113]. Acquisitions and Business Expansion - The acquisition of Hangfu Trading Limited and its subsidiary, Biao Yu Technology (Shenzhen) Limited, was completed on April 29, 2019, for a total consideration of approximately HKD 12.2 million[136]. - The net asset value of the acquired Hangfu Group as of the acquisition date was HKD 2,371,000, which included properties, plant, and equipment valued at HKD 1,938,000 and investment properties valued at HKD 5,941,000[141]. - The goodwill generated from the acquisition amounted to HKD 601,000 after accounting for the cash purchase price and the net asset value of the acquired assets[143]. - The group plans to expand its project team by hiring more designers and engineers to undertake larger projects and explore new opportunities[6]. - The group remains confident in the construction market outlook in Hong Kong, expecting an increase in both private and public sector construction projects in the coming years[6]. Accounting Standards and Policies - The group adopted Hong Kong Financial Reporting Standard 16, which replaced HKAS 17, impacting the accounting treatment of operating leases[71]. - Upon the initial application of HKFRS 16 on April 1, 2019, the group recognized a right-of-use asset of approximately HKD 12,011,000 and a corresponding lease liability of approximately HKD 11,996,000[72]. - The company has adopted the new Hong Kong Financial Reporting Standard 16 for leases, which became effective on April 1, 2019, impacting the accounting treatment of lease liabilities and right-of-use assets[90]. - The company recognized lease liabilities at the present value of future lease payments, using the incremental borrowing rate as the discount rate where the implicit rate is not readily determinable[86]. - The company has chosen to apply a simplified transition approach for the adoption of HKFRS 16, recognizing the cumulative effect of initial application as an adjustment to the opening balance of retained earnings[90].

Financial Performance - The company reported a revenue of approximately HKD 415.0 million for the fiscal year ending March 31, 2019, representing an increase from HKD 378.4 million in the previous fiscal year, marking a growth of about 9.0%[8] - The company recorded revenue of approximately HKD 415.0 million for the year, an increase of 9.7% from HKD 378.4 million in the previous year[21] - Net profit increased by 7.9% to approximately HKD 28.3 million, up from HKD 26.2 million in the previous year[33] - The cost of revenue increased by 12.6% to approximately HKD 342.8 million, compared to HKD 304.5 million in the previous year[27] - Gross profit decreased by 2.4% to approximately HKD 72.2 million, with a gross margin decline from 19.5% to 17.4%[28] Contracts and Projects - As of March 31, 2019, the total outstanding contract amount was approximately HKD 844.9 million, reflecting a steady growth in the construction market due to long-term government policies in Hong Kong[8] - The company has secured new contracts totaling approximately HKD 43.5 million after the end of the fiscal year, indicating ongoing business development[18] - Major projects undertaken during the fiscal year included a sound barrier project in Tuen Mun, which generated revenue of HKD 38.1 million, and a steel structure project at Hong Kong International Airport, generating HKD 43.6 million[16] - The company is currently bidding or awaiting results for 12 large-scale projects, with an estimated total contract value exceeding HKD 1,297.7 million, showcasing potential future revenue opportunities[18] Acquisitions and Investments - The company completed the acquisition of 100% ownership of Biao Yu Technology (Shenzhen) Co., Ltd. in April 2019, which is expected to enhance the company's control over material supply and improve project execution flexibility[9] - The group completed the acquisition of 100% equity in Hengfu Trading Limited for a total consideration of HKD 12.2 million, approved by independent shareholders on April 29, 2019[49] Dividends and Shareholder Value - The company plans to distribute a final dividend of HKD 0.016 per share, reflecting its commitment to returning value to shareholders[10] - The board proposed a final dividend of HKD 0.016 per share, totaling HKD 9.6 million, unchanged from the previous year[34] Financial Ratios and Liquidity - The current ratio decreased to 2.2 from 2.5, while total assets increased by 21.1% to approximately HKD 327.9 million[22] - The debt-to-equity ratio rose to 13.6% from 10.8%, attributed to increased bank financing for larger projects[39] - The group maintained a stable liquidity position throughout the year, with no hedging activities undertaken[40] - The group closely monitors its liquidity to ensure that its asset and liability structure can meet funding needs[40] Employee and Operational Management - Employee benefits expenses totaled approximately HKD 46.3 million for the year, compared to HKD 45.1 million in the previous fiscal year[48] - The group employed 93 staff as of March 31, 2019, an increase from 90 staff the previous year[48] - Administrative and other operating expenses decreased by approximately HKD 2.9 million to HKD 36.4 million[29] - The company emphasizes competitive compensation and benefits to attract and retain talent, with performance evaluations conducted annually to ensure fair rewards[132] Corporate Governance - The board has established a new committee to oversee corporate governance, ensuring compliance with regulatory standards[71] - The company has maintained a strong corporate governance framework, with independent directors comprising 40% of the board[72] - The audit committee reviewed and assessed the group's financial reports and performance announcements during the year[84] - The company has established a board diversity policy to ensure a balanced representation of knowledge and perspectives[78] Environmental, Social, and Governance (ESG) Initiatives - The company formed an Environmental, Social, and Governance (ESG) working group in 2016 to integrate sustainable development principles into its operations[109] - The ESG strategy is aligned with the goal of creating long-term value for stakeholders and is overseen by the board of directors[115] - The company aims to be a responsible corporate citizen by incorporating corporate social responsibility into its business strategy[109] - Stakeholder engagement is prioritized to assess and address key ESG issues, which informs the company's CSR strategy and operational risks[127] Health, Safety, and Environmental Management - The company adheres to OHSAS 18001:2007 for occupational health and safety management, aiming to identify and control workplace risks[156] - The company has integrated an Environmental Management System (ISO 14001:2015) to ensure compliance with environmental regulations and improve environmental performance[168] - The company actively promotes employee health management and provides necessary education, training, and certification for occupational safety[158] - The company emphasizes the importance of environmental responsibility in its daily operations to prevent pollution and reduce waste[167] Sustainability and Resource Management - The company has adopted green management policies to enhance energy efficiency and reduce waste in offices and warehouses[183] - The total amount of non-hazardous waste generated was approximately 24 tons in 2019, with a density of 1.7 kg per unit of revenue, reflecting a 23% reduction from the previous year[188] - The company aims to minimize fuel consumption by monitoring driving logs and encouraging carpooling among employees[184] - The company has implemented energy-saving measures in the new office, including the use of energy-efficient LED lighting and independent temperature controls for different areas[176]