Financial Performance - The group's revenue for the fiscal year 2024 was approximately HKD 736.7 million, an increase of about HKD 65.2 million or 9.7% compared to fiscal year 2023[11]. - The gross profit decreased by approximately HKD 10 million, resulting in a gross profit margin drop from 3.5% in fiscal year 2023 to 1.8% in fiscal year 2024 due to increased labor costs[11]. - Other income recorded was approximately HKD 3.5 million, an increase of about HKD 0.8 million compared to fiscal year 2023, primarily due to rising bank interest rates[12]. - The net other income was approximately HKD 7.0 million in fiscal year 2024, compared to a net loss of HKD 2.1 million in fiscal year 2023, mainly due to fair value gains on financial assets[13]. - Total loss and comprehensive expenses decreased by approximately HKD 2.1 million, primarily due to a reduction in gross profit of about HKD 10.0 million[18]. - As of September 30, 2024, the group had cash and bank balances of approximately HKD 136 million, down from HKD 171 million as of September 30, 2023[19]. - The group had no bank borrowings as of September 30, 2024, maintaining a net cash position[19]. Contracts and Business Development - The group secured multiple contracts totaling over HKD 730 million, contributing to stable future income[9]. - The group is focusing on four major projects, including services for Mary Hospital and Kai Tak New Emergency Hospital[9]. - The group remains confident in future growth opportunities and is actively seeking new business ventures to diversify revenue sources[7]. - The group secured multiple contracts exceeding HKD 730 million, benefiting from the Hong Kong government's investment in construction projects[31]. Administrative and Financial Costs - Administrative expenses increased by approximately HKD 0.1 million or 0.3% due to rising employee costs[16]. - Financial costs increased by approximately HKD 195,000 or 134% due to a new warehouse lease agreement[17]. Corporate Governance - The board held six meetings during the year, with some meetings having less than the standard 14-day notice period due to urgent business matters[37]. - The company appointed Mr. Wang as an independent non-executive director on January 18, 2024, bringing the number of independent non-executive directors to three, meeting the minimum requirement under Listing Rule 3.10(1)[38]. - The audit committee held two meetings during the year to review the audited financial statements for the year ending September 30, 2023, and to discuss risk management and internal control systems[47]. - The attendance rate of the chairman and CEO, Ms. Gao, at board meetings was 100%, with 6 out of 6 meetings attended[42]. - The company has maintained compliance with the corporate governance code, ensuring that all independent non-executive directors are independent individuals[38]. - The board is responsible for monitoring the company's financial performance and ensuring the establishment of an effective internal control framework[41]. - The company encourages directors to participate in continuous professional development to enhance their knowledge and skills[44]. - The audit committee consists of three independent non-executive directors, ensuring independence from previous or current auditors[47]. - The company has a balanced skill set and experience among board members to meet its business needs[38]. - The company has received annual confirmations of independence from all independent non-executive directors[38]. - The board has established a framework for reviewing and monitoring compliance with legal and regulatory requirements[46]. - The remuneration committee held two meetings during the year to review the remuneration policy and structure for all directors and senior management, and to recommend these to the board for approval[48]. - The risk management committee conducted one meeting to oversee the risk management framework and review risk reports, ensuring effective risk control measures[51]. - The external auditor's fees for the year ending September 30, 2024, amounted to HKD 840,000, with HKD 800,000 for audit services and HKD 40,000 for other services[55]. - The company has established an internal audit function to continuously assess the effectiveness of risk management and internal control systems, reporting findings and recommendations to the audit committee and board[56]. - The board confirmed that the risk management and internal control systems are effective and sufficient, complying with corporate governance codes[58]. - The company is committed to timely disclosure of inside information and has established mechanisms to maintain confidentiality until board approval for public release[58]. - The financial statements reflect the group's financial position and performance accurately, adhering to relevant statutory requirements and accounting standards[59]. - The company secretary completed no less than 15 hours of relevant professional training during the year[61]. - The company maintains effective communication with shareholders and investors, providing comprehensive operational and financial performance information through annual and interim reports[62]. - The nomination committee held two meetings to review the board's structure and composition, and to assess the independence of non-executive directors[50]. - The company reported its annual performance for the year ending September 30, 2024, with a comprehensive income statement available on page 57 of the annual report[79]. Shareholder Information - The company allows shareholders holding at least 10% of the voting rights to request a special general meeting within two months of submission[64]. - The company has a structured process for shareholders to submit inquiries to the board at any time[65]. - The company has a commitment to shareholder rights and governance, ensuring transparency and accountability in its operations[64]. - The board does not recommend the payment of a final dividend for the fiscal year 2024, consistent with the fiscal year 2023 where no dividend was paid[80]. Customer and Supplier Concentration - In the fiscal year 2024, the top five customers accounted for approximately 99.0% of total revenue, with the largest customer contributing about 63.9%[88]. - The top five suppliers represented approximately 67.1% of total material costs, while the largest supplier accounted for about 29.3%[89]. - The top five subcontractors comprised approximately 98.2% of total subcontracting fees, with the largest subcontractor making up about 87.3%[89]. - The company’s largest customer’s contribution to total revenue increased from 57.5% in fiscal year 2023 to 63.9% in fiscal year 2024[88]. Employee and Workforce Information - The group employed 1,108 staff as of September 30, 2024, an increase from 948 staff in the previous fiscal year[22]. - The company has increased its full-time employees to 1,107 in 2024, up from 947 in 2023, indicating a growth in workforce[185]. - The employee turnover rate for males is 5% and for females is 4% in 2024, showing a slight increase compared to previous years[191]. - The workforce is categorized by age, with 127 employees under 30 years old, 644 between 30 and 50, and 337 over 50 in 2024[187]. - The company maintains a zero-tolerance policy towards workplace harassment and discrimination, promoting an inclusive work culture[182]. - The company provides competitive compensation packages, including medical allowances and long-term service rewards, to attract and retain talent[181]. Environmental, Social, and Governance (ESG) Initiatives - The group has established a comprehensive environmental management system and obtained ISO 14001:2015 certification, implementing systematic measures to protect the environment[159]. - During the reporting period, the group did not identify any significant violations of environmental laws and regulations, including the Noise Control Ordinance and Waste Disposal Ordinance[159]. - The group is committed to minimizing emissions during operations, although the generated emissions are not considered significant due to the nature of its business[160]. - The ESG report outlines the group's activities, challenges, and measures taken in the ESG area for the fiscal year ending September 30, 2024[148]. - Stakeholder engagement is prioritized in the development of operational strategies and ESG measures, with communication through various channels[150]. - The group has implemented effective management policies and internal control systems for ESG matters during the reporting period[156]. - Key performance indicators related to waste management and resource usage are monitored and reported, including energy consumption and water usage[151]. - The group emphasizes the importance of health and safety management systems and training for employees[153]. - The group is focused on community investment and commitment to social responsibility initiatives[156]. - The ESG report is prepared in accordance with the guidelines set forth by the Hong Kong Stock Exchange[146]. - Total greenhouse gas emissions for the group decreased to approximately 71.70 tons in 2024 from 81.29 tons in 2023, representing a reduction of about 11.5%[162]. - The group aims to reduce greenhouse gas emissions by 2% in the coming year[162]. - The total number of employees increased to 1,108 in 2024 from 948 in 2023, with a corresponding increase in the total greenhouse gas emissions per employee from 0.09 tons to 0.06 tons[162]. - Diesel consumption increased to 8,464.39 liters in 2024 from 8,181.10 liters in 2023, while gasoline consumption decreased to 1,811.77 liters from 1,933.16 liters[172]. - Electricity consumption decreased to 34,590 kWh in 2024 from 45,044 kWh in 2023, indicating a significant reduction in energy usage[172]. - The group has set a target to reduce energy consumption by 2% in the upcoming year[171]. - Paper consumption per employee decreased to 4.45 kg in 2024 from 6.18 kg in 2023, reflecting a focus on waste reduction[167]. - The group has implemented measures to optimize vehicle usage and reduce direct greenhouse gas emissions from fuel consumption[163]. - Water consumption decreased to 61 cubic meters in 2024 from 81 cubic meters in 2023, with a per employee consumption of 0.06 cubic meters[172]. - The group encourages subcontractors to minimize waste generation and use recyclable packaging materials[167]. Safety and Health Management - The company has implemented ISO 45001:2018 certification for occupational health and safety management, enhancing its safety protocols[195]. - The company has established a safety management system to minimize risks and ensure compliance with health and safety regulations[197]. - The company actively encourages employee participation in social activities and volunteer work to promote work-life balance[183]. - The company emphasizes close communication with general contractors to enhance safety standards on projects[200]. - Regular safety meetings are held with general contractors to address key safety issues[200]. - A comprehensive site safety plan is established by general contractors, which all subcontractors are required to follow[200]. - Subcontractors must comply with labor department safety regulations and provide necessary safety equipment for their employees[200]. - The company mandates subcontractors to submit signed records related to employee safety protection for inspection[200]. - The number of reported accidents resulting in sick leave exceeding three days has increased to 6 in 2024 from 3 in 2023[196]. - The total number of workdays lost due to injuries has risen to 1,030 in 2024, compared to 622 in 2023[196].

Financial Performance - The total revenue for the year ended September 30, 2024, was HKD 736,676,000, an increase of 9.1% compared to HKD 671,466,000 for the year ended September 30, 2023[2]. - The gross profit for the year was HKD 13,382,000, down from HKD 23,271,000, indicating a decline of 42.4%[2]. - The net loss for the year was HKD 16,764,000, a slight improvement from a net loss of HKD 18,814,000 in the previous year, representing a reduction of 10.9%[2]. - Basic loss per share for the year was HKD 0.95, compared to HKD 3.24 in the previous year, reflecting a significant improvement[2]. - For the fiscal year ending September 30, 2024, the company's revenue was approximately HKD 736.7 million, an increase of about HKD 65.2 million or 9.7% compared to the fiscal year 2023[62]. - The gross profit decreased by approximately HKD 10 million, leading to a gross profit margin reduction from 3.5% in fiscal year 2023 to 1.8% in fiscal year 2024 due to increased labor costs[62]. Assets and Liabilities - Trade receivables increased to HKD 109,639,000 from HKD 88,536,000, marking a rise of 23.8%[3]. - Current assets decreased to HKD 329,007,000 from HKD 361,879,000, a decline of 9.1%[3]. - Total liabilities decreased to HKD 62,193,000 from HKD 78,817,000, a reduction of 21.3%[5]. - The company's total equity decreased to HKD 273,313,000 from HKD 287,925,000, a decline of 5.1%[5]. - Non-current assets decreased to HKD 8,685,000 from HKD 6,314,000, an increase of 37.5%[3]. - The total trade receivables, net of credit loss provisions, amounted to HKD 109.639 million in 2024, compared to HKD 88.536 million in 2023[50]. - Trade payables totaled HKD 7.902 million in 2024, a decrease from HKD 27.676 million in 2023[57]. - Other payables and accrued expenses were HKD 22.401 million in 2024, down from HKD 26.378 million in 2023[59]. Revenue Sources - Service revenue from electrical and maintenance engineering services for the year ending September 30, 2024, is reported at HKD 736,676,000, an increase from HKD 671,466,000 in the previous year[19]. - For the year ended September 30, 2023, total revenue from electrical and maintenance engineering services was HKD 671,466,000, with a loss of HKD 4,666,000 reported[27]. - Major customers contributing over 10% of total revenue included Customer A with HKD 483,522,000 and Customer C with HKD 155,739,000 for the year ending September 30, 2024[35]. Financial Standards and Reporting - The company has applied new Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial statements[8]. - The company has not early adopted any new Hong Kong Financial Reporting Standards that have been issued but are not yet effective[14]. - The application of the revised Hong Kong Accounting Standard No. 1 is expected to impact the disclosure of significant accounting policies but will not have a major effect on the financial position and performance of the group[12]. - The group is currently assessing the detailed impact of the new Hong Kong Financial Reporting Standard No. 18 on its consolidated financial statements, which will be effective from January 1, 2027[17]. - The company anticipates that the application of the new standards will not have a significant impact on the consolidated financial statements in the foreseeable future[16]. Other Income and Expenses - Interest income for the year is recorded at HKD 2,014,000[25]. - Interest income for the year was HKD 594,000, while rental income from investment properties was HKD 839,000, reflecting a significant decrease from HKD 10,248,000 in administrative expenses[27]. - The company reported a significant increase in interest income to HKD 3,126,000 for the year ending September 30, 2024, up from HKD 1,148,000 in the previous year[36]. - The company reported a total of HKD 7,000,000 in other income and losses for the year ending September 30, 2024, compared to a loss of HKD 2,054,000 in the previous year[37]. - Other income for the fiscal year 2024 was approximately HKD 3.5 million, an increase of about HKD 0.8 million compared to fiscal year 2023, primarily due to rising bank interest rates[64]. - The net other income and losses for fiscal year 2024 was approximately HKD 7.0 million, compared to a net loss of approximately HKD 2.1 million in fiscal year 2023, mainly due to increased fair value gains on financial assets and gains from the sale of a subsidiary[65]. - Administrative expenses increased by approximately HKD 0.1 million or 0.3% in fiscal year 2024, primarily due to increased employee costs[66]. - Financial costs increased by approximately HKD 195,000 or 134% in fiscal year 2024, mainly due to a new warehouse lease agreement[67]. Cash Flow and Financial Position - As of September 30, 2024, the group had cash and bank balances of approximately HKD 136 million, down from HKD 171 million as of September 30, 2023[69]. - The group has no bank borrowings as of September 30, 2024, maintaining a net cash position[71]. - The group secured multiple contracts exceeding HKD 730 million, supported by ongoing government investments in construction projects, indicating confidence in future sales orders[73]. Employee and Operational Insights - The number of employees increased to 1,108 as of September 30, 2024, from 948 in the previous fiscal year, reflecting the company's commitment to quality and performance[74]. - The company completed major projects including the Hong Kong Sports Institute and the Immigration Department Headquarters, contributing to revenue growth post-COVID-19[62]. Corporate Actions - The company did not declare or recommend any dividends for the year ended September 30, 2024, consistent with the previous year[48]. - The company terminated discussions regarding investment in an electronic platform sales business due to insufficient financial data[61]. - The group completed the sale of a subsidiary for a total cash consideration of HKD 5 million, with net assets valued at approximately HKD 1.07 million as of March 31, 2024[77]. - The company will suspend the transfer of share registration from March 25, 2025, to March 28, 2025, to determine shareholder eligibility for the annual general meeting[92]. - Deloitte has confirmed that the figures in the preliminary announcement for the year ending September 30, 2024, align with the audited financial statements approved by the board on December 19, 2024[93]. - The annual report for the fiscal year 2024 will be sent to shareholders and published on the company's website at an appropriate time[94].

Financial Performance - The group's revenue for the six months ended March 31, 2024, was approximately HKD 346.3 million, a decrease of about HKD 20.8 million or 5.6% compared to the same period in 2023[10] - Gross profit increased by approximately HKD 10 million, resulting in a gross profit margin of about 9.8%, up from 6.5% in 2023[10] - Revenue for the six months ended March 31, 2024, was HKD 346,304,000, a decrease of 5.1% compared to HKD 367,057,000 for the same period in 2023[52] - Gross profit increased to HKD 33,860,000, representing a 42.2% increase from HKD 23,809,000 in the previous year[52] - Profit before tax rose to HKD 14,468,000, up 36.5% from HKD 10,661,000 in the prior year[52] - Net profit attributable to the owners of the company was HKD 4,068,000, a decrease of 34.5% from HKD 6,220,000 in the same period last year[52] - Basic and diluted earnings per share for the period were both HKD 0.006, down from HKD 0.009 in the same period last year[52] - Basic and diluted earnings per share for the six months ended March 31, 2024, were HKD 4,068,000 compared to HKD 6,220,000 for the same period in 2023, reflecting a decrease of approximately 34.7%[89] Expenses and Costs - Administrative expenses rose by approximately HKD 0.7 million or 4.3%, primarily due to increased employee costs[11] - Financing costs increased by approximately HKD 65,000 or 101.6%, mainly due to a new warehouse lease[12] - Total employee costs for the six months ended March 31, 2024, amounted to HKD 171,258,000, significantly higher than HKD 80,953,000 in the previous year[86] - The company reported a tax expense of HKD 5,084,000 for the current period, up from HKD 1,803,000 in the previous year[87] Cash and Assets - Cash and bank balances as of March 31, 2024, were approximately HKD 139.4 million, down from HKD 166.0 million in 2023[15] - Cash and cash equivalents at the end of the period were HKD 139,364,000, down from HKD 165,958,000 at the end of the previous period[61] - Total assets less current liabilities amounted to HKD 298,760,000, an increase from HKD 289,376,000 as of September 30, 2023[56] - The company reported a significant increase in contract assets to HKD 137,699,000, up from HKD 89,678,000 as of September 30, 2023[55] - Total trade receivables increased to HKD 103,373,000 as of March 31, 2024, up from HKD 89,097,000 as of September 30, 2023, representing a growth of about 16.0%[93] - Contract assets from engineering service contracts rose significantly to HKD 138,580,000 as of March 31, 2024, compared to HKD 90,247,000 as of September 30, 2023, indicating an increase of approximately 53.5%[96] Shareholder Information - The total number of issued shares as of March 31, 2024, was 668,801,000[15] - As of March 31, 2024, Mr. Gao Junxi holds 144,292,000 shares (23.42%) and 11,880,000 related shares, while controlling a total of 302,747,000 shares (45.40%) through a controlled corporation[33] - Major shareholders include Mr. Gao Junxi with 447,039,000 shares (68.82%), and Da De Investment Trading Co., Ltd. with 302,747,000 shares (45.40%) as of March 31, 2024[43] - The company has a total of 9,319,000 unexercised options under the share option plan, representing approximately 1.40% of the issued shares[40] Corporate Governance - The company emphasizes high levels of corporate governance and accountability to shareholders, adhering to the corporate governance code[28] - The audit committee has reviewed the group's financial statements and accounting principles during the reporting period[30] - Following the resignation of Mr. Wu Wenli as an independent non-executive director, the company did not meet the minimum requirement of three independent non-executive directors until Mr. Wang Zhirong was appointed on January 18, 2024[48] - The company’s independent non-executive director count was restored to compliance with listing rules after the appointment of Mr. Wang Zhirong[48] Business Strategy and Future Outlook - The company maintains stable growth despite global trade tensions and geopolitical uncertainties, including the impacts of the Russia-Ukraine war and conflicts in the Middle East[26] - The company is considering investing in new energy generator projects to expand its business scope and enhance profitability, currently in the preliminary stage with no agreements signed yet[26] - Investment in electronic platform sales has been delayed, awaiting further financial information from the counterpart, with no investments made to date[26] - The company aims to enhance profitability by focusing on lucrative business opportunities for sustainable growth[26] Stock Options and Securities - The share option plan allows for the issuance of up to 66,570,100 shares, equivalent to 10% of the total shares issued at the time of listing[37] - The maximum number of shares that may be issued upon exercise of all options granted under the share option plan is capped at 30% of the total issued shares[37] - The total number of stock options granted under the plan is 50,332,100 shares, representing approximately 7.5% of the company's total issued shares[41] - The total number of stock options available for grant under the stock option plan is 22,352,100 shares, unchanged from September 30, 2023[42] - The total number of stock options exercised or canceled during the period was zero, maintaining the total unexercised options at 27,980,000[41] - The company did not repurchase, sell, or redeem any of its listed securities during the six months ending March 31, 2024[50] Other Information - The company did not engage in any significant acquisitions or disposals during the period[24] - No interim dividend was recommended for the period[25] - The company did not declare or propose any interim dividends during the reporting period[92] - The company has not disclosed any significant events that occurred after the reporting date[49] - The company did not adopt any new accounting standards that had a significant impact on its financial performance[70] - The company’s investment properties remained stable at HKD 2,100,000, unchanged from the previous year[82] - The company did not acquire any property, plant, and equipment during the six months ended March 31, 2024, compared to an acquisition of approximately HKD 22,000,000 in the same period of 2023[91]

Revenue and Profitability - Revenue for the six months ended March 31, 2024, was HKD 346,304,000, a decrease of 5.5% compared to HKD 367,057,000 for the same period in 2023[4] - Gross profit increased to HKD 33,860,000, representing a 42.2% increase from HKD 23,809,000 in the previous year[4] - Profit before tax rose to HKD 14,468,000, up 36.5% from HKD 10,661,000 in the prior year[4] - Net profit attributable to owners of the company was HKD 4,068,000, down 34.5% from HKD 6,220,000 in the same period last year[5] - Basic and diluted earnings per share were both HKD 0.006, a decrease from HKD 0.009 in the previous year[5] - Revenue from power and maintenance engineering services for the six months ended March 31, 2024, was HKD 346,304,000, a decrease of 5.7% from HKD 366,347,000 in the same period of 2023[20] - The profit from power and maintenance engineering services for the same period was HKD 22,288,000, an increase of 101.1% compared to HKD 11,044,000 in 2023[20] - The pre-tax profit for the six months ended March 31, 2024, was HKD 14,468,000, representing a 35.5% increase from HKD 10,661,000 in 2023[20] Assets and Liabilities - Trade receivables increased to HKD 102,874,000, up 16.2% from HKD 88,536,000 as of September 30, 2023[7] - Contract assets rose significantly to HKD 137,699,000, compared to HKD 89,678,000 in the previous period, indicating a strong pipeline of projects[7] - Total assets less current liabilities amounted to HKD 298,760,000, an increase from HKD 289,376,000 as of September 30, 2023[8] - The company's total equity increased to HKD 297,309,000, up from HKD 287,925,000 in the previous year[8] Expenses and Costs - Administrative expenses rose by approximately HKD 0.7 million or 4.3% compared to the same period in 2023, primarily due to increased employee costs[35] - Financing costs increased by approximately HKD 65,000 or 101.6%, mainly due to a new warehouse lease during the period[36] - The company recorded a tax expense of HKD 5,084,000 for the six months ended March 31, 2024, compared to HKD 1,803,000 in 2023[24] Shareholder Information - The company did not declare or propose any interim dividends during the period[27] - The total number of shares for basic and diluted earnings per share was 666,846,000 for the six months ended March 31, 2024, compared to 665,701,000 in 2023[25] - The group did not recommend the payment of an interim dividend for the period[49] - As of March 31, 2024, the total issued shares were 668,801,000 shares, with a total amount of HKD 6,668,000[39] Employment and Workforce - The group employed 85 long-term employees and 982 short-term employees as of March 31, 2024, compared to 84 and 948, respectively, in 2023[42] Future Plans and Investments - The company continues to focus on expanding its power engineering services in Hong Kong, with ongoing investments in new technologies and market strategies[11] - The group is considering investing in new energy generator projects to expand its business scope and improve profitability, currently in the preliminary stage[50] - The group has delayed investment in an electronic platform sales project, awaiting further financial information from the counterpart[50] Miscellaneous - The company did not acquire any property, plant, and equipment during the six months ended March 31, 2024[26] - The group maintained a bank and cash balance of approximately HKD 139.4 million as of March 31, 2024, down from HKD 166.0 million in 2023[39] - The company granted 13,200,000 stock options to one director and one eligible employee participant, allowing them to subscribe to a total of 13,200,000 shares with a par value of HKD 0.01 each[57] - No significant events requiring disclosure occurred after the reporting period, according to the board of directors[58] - The interim report for the period will be sent to shareholders and published on the company's website and the Hong Kong Stock Exchange website at an appropriate time[59]

Financial Performance - The group's revenue for the fiscal year 2023 was approximately HKD 671.5 million, an increase of about HKD 322.9 million or 92.6% compared to the fiscal year 2022[11] - The gross profit decreased by approximately HKD 23.1 million, resulting in a gross profit margin drop from 13.3% in fiscal year 2022 to 3.5% in fiscal year 2023 due to increased costs in materials, labor, and subcontracting[11] - Other income for the fiscal year 2023 was approximately HKD 2.8 million, a decrease of about HKD 5.6 million compared to fiscal year 2022, primarily due to reduced government subsidies received through the "Employment Support Scheme"[12] - The group recorded a net other loss of approximately HKD 2.1 million in fiscal year 2023, an improvement from a net other loss of approximately HKD 8.2 million in fiscal year 2022[13] - Total profit and comprehensive income decreased by approximately HKD 32.4 million, mainly due to a reduction in gross profit of about HKD 23.1 million and a rise in administrative expenses of HKD 8.8 million[16] Project and Business Focus - The group plans to focus on three major projects, including providing complete engineering services to Mary Hospital, the Causeway Bay District Court, and the Kai Tak New Emergency Hospital[10] - The group currently holds over HKD 1 billion in contract orders, reflecting confidence in future sales orders and cost control[7] - The group aims to explore new business opportunities and investment prospects to expand its operations and provide additional returns to shareholders[8] - The group has decided to sell its investment properties due to the poor performance of the Hong Kong real estate market[10] Cost Control and Operational Efficiency - The group will continue to implement strict cost control measures while maintaining service quality amid challenges from the real estate market due to recent interest rate hikes by the Federal Reserve[8] - Administrative expenses increased by approximately HKD 8.8 million in the fiscal year 2023 compared to 2022, primarily due to rising employee costs[15] Governance and Board Structure - The company appointed a new CEO on April 26, 2023, separating the roles of chairman and CEO to enhance governance[45] - The board held 15 meetings during the fiscal year, with some meetings having less than the required 14 days' notice due to urgent business matters[35] - The board has complied with the listing rules by appointing at least three independent non-executive directors, with at least one possessing appropriate professional qualifications or accounting expertise[36] - The audit committee held two meetings during the year to review the financial statements and discuss risk management and internal control systems[47] - The company encourages continuous professional development for directors, requiring annual training records to be submitted[44] Shareholder Relations and Dividends - The company reported no dividend payment for the fiscal year 2023, consistent with the previous fiscal year[81] - As of September 30, 2023, the company's distributable reserves amounted to approximately HKD 94.6 million, which includes share premium and stock option reserves after deducting accumulated losses[86] - The company is committed to maintaining effective communication with shareholders and investors through various reports and announcements[62] Employee and Training Metrics - The number of employees increased to 948 as of September 30, 2023, from 808 in the previous fiscal year, including 84 long-term employees[21] - The group provided training to 948 employees in 2023, an increase from 808 employees in 2022, reflecting a 17.4% growth in trained personnel[196] - Total training hours increased to 3,298 hours in 2023 from 2,424 hours in 2022, marking a 36.1% rise[196] - The average training hours per employee rose to 3.48 hours in 2023 from 3 hours in 2022, indicating a 16% increase[196] Environmental, Social, and Governance (ESG) Initiatives - The ESG report outlines the group's commitment to sustainable development and green operations, focusing on environmental, social, and governance initiatives[132] - The total greenhouse gas emissions for the reporting period were approximately 81.29 tons, an increase from 61.20 tons in the previous year, with a per-employee emission of 0.09 tons compared to 0.08 tons in the prior year[150] - The company aims to reduce greenhouse gas emissions by 2% in the upcoming year, implementing measures such as optimizing vehicle usage and maintaining vehicles regularly[151] - The group emphasizes the importance of health and safety management systems and training for employees as part of its social responsibility[141] Supplier and Subcontractor Management - The group emphasizes the importance of supplier compliance with quality, environmental, and safety standards, with strict evaluation processes in place[199] - The company monitors resource usage, wastewater, waste gas, and waste management of subcontractors[200] - The company investigates any non-compliance with environmental principles and takes corrective actions[200] Risk Management and Compliance - The board confirmed that the risk management and internal control systems are effective and sufficient[58] - The company has not reported any significant violations of environmental laws and regulations during the reporting period[147] - The company has confirmed compliance with non-competition agreements with major shareholders as of September 30, 2023[115]

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。 GOLDEN FAITH GROUP HOLDINGS LIMITED 高豐集團控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：2863） 截至二零二三年九月三十日止年度之 全年經審核業績公告 高豐集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及其附屬 公司（統稱「本集團」）截至二零二三年九月三十日止年度之經審核綜合業績，連同截至二 零二二年九月三十日止年度的比較數字如下： 綜合損益及其他全面收益表 截至二零二三年九月三十日止年度 二零二三年 二零二二年 附註 千港元 千港元 收益 3 671,466 348,610 銷售成本 (648,195) (302,257) 毛利 23,271 46,353 其他收入 4 2,789 8,400 其他收益及虧損 4 (2,054) (8,178) 就貿易應收款項及合約資產已確認減值虧損（扣除撥回） (248) 344 行 ...

Revenue and Profitability - The group's revenue for the period was approximately HKD 367.1 million, an increase of about HKD 219.0 million or 150% compared to the same period in 2022[10]. - Revenue for the six months ended March 31, 2023, was HKD 367,057,000, a significant increase from HKD 148,144,000 in the same period of 2022, representing a growth of 147.5%[49]. - The net profit for the period was HKD 8,858,000, compared to HKD 8,017,000 in 2022, reflecting an increase of 10.5%[49]. - Basic and diluted earnings per share for the period were both HKD 0.009, compared to HKD 0.010 in the previous year[49]. - The operating profit for the power engineering services segment was HKD 11,044,000, while rental income contributed HKD 480,000 to the overall profit[70]. - The group reported a total other income of HKD 4,455,000, a turnaround from a loss of HKD 1,955,000 in the previous year[76]. Expenses and Costs - The average gross profit margin decreased to approximately 6.5% from 16.7% in 2022, primarily due to additional labor costs incurred during the COVID-19 environment[10]. - Administrative expenses increased by approximately HKD 4.5 million compared to the same period in 2022, mainly due to higher employee costs[11]. - Total employee costs increased to HKD 80,953,000 in 2023 from HKD 69,986,000 in 2022, reflecting a rise of 15.4%[81]. - The group’s administrative expenses totaled HKD 5,365,000, indicating a controlled cost environment despite revenue fluctuations[70]. - The company's tax expense for the period was HKD 1,803,000, compared to HKD 1,617,000 in 2022, reflecting an increase of 11.5%[81]. Cash and Assets - As of March 31, 2023, the group's bank and cash balance was approximately HKD 157.2 million, up from HKD 127.7 million in 2022[15]. - Cash and cash equivalents at the end of the period were HKD 157,219,000, up from HKD 133,662,000 in 2022, marking an increase of 17.6%[58]. - Total assets less current liabilities amounted to HKD 315,756,000 as of March 31, 2023, compared to HKD 307,203,000 in the previous year, showing an increase of 2.0%[53]. - The company’s total equity as of March 31, 2023, was HKD 315,392,000, compared to HKD 305,228,000 in the previous year, indicating an increase of 3.8%[53]. - The total assets as of March 31, 2023, included properties and equipment valued at HKD 1,730,000,000, slightly down from HKD 1,767,000,000 in the previous year[73]. Business Operations and Strategy - The group completed three cabin hospital projects for the Hong Kong government, contributing to a stable income base for the coming years[9]. - The group anticipates that formal operations for new products and services will commence in the second half of 2023[9]. - The company aims to enhance profitability and focus on profitable business opportunities for sustainable growth amid global economic uncertainties[28]. - The company is actively seeking new business opportunities to diversify revenue sources and enhance long-term growth potential[28]. - The company continues to focus on expanding its power engineering services and rental income streams as part of its growth strategy[61]. Shareholder and Equity Information - The company’s major shareholder, Mr. Gao Junxi, holds 23.37% of the issued share capital through direct and controlled interests[35]. - As of March 31, 2023, the total number of share options available for grant under the share option scheme was 31,652,100, down from 43,862,100 as of September 30, 2022[40]. - The company granted share options and incurred share option expenses of HKD 1.3 million during the period, compared to HKD 0.9 million in the previous year[40]. - The share options granted during the period represent approximately 1.83% of the weighted average number of shares of 665,701,000[40]. Liabilities and Contingent Liabilities - The group has no significant contingent liabilities as of March 31, 2023[22]. - Trade payables increased to HKD 68,572,000 in 2023, compared to HKD 20,230,000 in 2022, marking an increase of 238.5%[88]. - The company reported a total of HKD 27,256,000 in other payables and accrued expenses for 2023, up from HKD 25,884,000 in 2022, an increase of 5.3%[90]. Corporate Governance - The audit committee reviewed the group’s accounting principles and practices during the period[32]. - The company’s board believes that the current management structure is sufficient to ensure effective management and control of the group’s operations[29]. - The company did not engage in any significant acquisitions or disposals during the period[25]. - The board of directors does not recommend the payment of an interim dividend for the period[26]. - The company did not declare or propose any interim dividends during the period[83].

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。 GOLDEN FAITH GROUP HOLDINGS LIMITED 高豐集團控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：2863） 截至二零二三年三月三十一日止六個月之 中期業績公告 高豐集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及其附屬 公司（統稱「本集團」）截至二零二三年三月三十一日止六個月（「期間」）之未經審核簡明綜 合業績。本公司審核委員會已審閱該等中期業績。 簡明綜合損益及其他全面收益表 截至二零二三年三月三十一日止六個月 截至三月三十一日止六個月 二零二三年 二零二二年 附註 千港元 千港元 （未經審核） （未經審核） 收益 3 367,057 148,144 銷售成本 (343,248) (123,464) 毛利 23,809 24,680 ...

Stock Options and Share Issuance - The total number of stock options granted but not yet exercised under the stock option plan is 9,319,000, representing approximately 1.40% of the issued shares[11] - The maximum number of shares that may be issued upon the exercise of all stock options under the plan and other stock option plans is 66,570,100 shares, equivalent to 10% of the total issued shares on the date of listing on the Stock Exchange[11] - The total number of stock options granted during the year is 11,710,000, with 9,510,000 exercised and 9,319,000 remaining unexercised as of September 30, 2022[1] - The exercise price for stock options granted on March 3, 2022, is HKD 0.276, with a closing price of HKD 0.260 on the grant date[1] - The stock option plan allows for a maximum issuance of shares not exceeding 30% of the issued shares at any time, subject to the plan limit[11] - Each participant is subject to an individual limit of 1% of the issued shares for stock options granted, exercised, or canceled within any 12-month period[12] - The stock option plan aims to provide participants with ownership interests and incentives to contribute to the company's value and shareholder interests[9] Shareholder Structure - The largest shareholder, Mr. Gao Junxi, holds 432,363,000 shares, representing 65.76% of the company's issued shares[17] - Mr. Gao Junxi, through his wholly-owned company, holds an additional 302,747,000 shares, representing 45.48% of the company's issued shares[25] - Mr. Weng Anhua holds 39,424,000 shares, representing 5.92% of the company's issued shares[25] - Mr. Li Jiahui holds 12,801,000 shares, representing 2.37% of the company's issued shares[25] Financial Performance - Revenue for the fiscal year 2022 increased by HKD 93.7 million or 36.8% to HKD 348.6 million compared to the fiscal year 2021[44] - Gross profit increased by HKD 2.5 million in fiscal year 2022, but the gross margin decreased from 17.2% in fiscal year 2021 to 13.3% due to increased material, labor, and subcontracting costs impacted by COVID-19[44] - Other income increased by HKD 3.7 million to HKD 8.4 million in fiscal year 2022, primarily due to increased government subsidies from the "Employment Support Scheme"[45] - The company recorded a net other loss of HKD 8.2 million in fiscal year 2022, compared to a net other gain of HKD 6.3 million in fiscal year 2021, mainly due to reduced gains from the sale of property, plant, and equipment, and decreases in the fair value of investment properties and financial assets[46] - Administrative expenses decreased by HKD 1.3 million in fiscal year 2022, primarily due to reduced employee costs[48] - Profit and total comprehensive income decreased by HKD 3.6 million, influenced by a combination of increased gross profit, other income, reduced administrative expenses, and decreased tax expenses[49] - The company's rental income from property investments was approximately HKD 1.1 million in fiscal year 2022, down from HKD 1.4 million in fiscal year 2021[43] - The company's bank and cash balances, along with short-term bank deposits, amounted to approximately HKD 127.7 million as of September 30, 2022, compared to HKD 112.2 million in the same period last year[57] - The company's distributable reserves as of September 30, 2022, amounted to approximately HKD 95.8 million[111] - The company did not recommend paying a final dividend for the 2022 fiscal year[113] Corporate Governance - The company has received annual confirmations from controlling shareholders regarding compliance with non-compete commitments as of September 30, 2022[4] - The company has adopted a remuneration policy based on individual qualifications and contributions, with stock options as part of the incentive scheme[8] - The company has no significant transactions, arrangements, or contracts involving directors' interests during the year[5] - The company's board of directors consists of nine members, including executive, non-executive, and independent non-executive directors, with 13 board meetings held during the year[67] - The company maintains a strong corporate governance framework, adhering to the principles of the Corporate Governance Code, with regular reviews and updates to ensure compliance[65] - The company's board ensures timely dissemination of meeting agendas and necessary materials to directors, facilitating informed decision-making and effective oversight[69] - The company has not taken out insurance for potential legal actions against its directors, as the likelihood of such actions is deemed low[72] - The attendance rate for board meetings was 100% for all directors except for Mr. Han Zhenghai, who resigned on January 28, 2022, and had 0/13 attendance[73] - The audit committee held two meetings in 2022 to review the audited financial statements, risk management, internal control systems, and accounting principles[78] - The remuneration committee held two meetings in 2022 to review and recommend the remuneration policies and structures for directors and senior management[79] - The nomination committee held two meetings in 2022 to review the board's structure, size, and composition, and to assess the independence of independent non-executive directors[80] - The company encourages directors to participate in continuous professional development to enhance their knowledge and skills, with all directors complying with the Corporate Governance Code's provisions[75] - The board is responsible for maintaining effective risk management and internal control systems to safeguard the company's assets and shareholders' interests[82] - The internal audit function reviewed the effectiveness of the company's risk management and internal control systems, with findings and recommendations reported to the audit committee and board[82] - The company has not formally established a CEO position, but the executive directors effectively fulfill the CEO role, with the board reviewing the company's structure as the business grows[76] - The board is responsible for formulating and reviewing corporate governance policies, monitoring compliance with legal and regulatory requirements, and reviewing the company's adherence to the Corporate Governance Code[77] - The audit committee reviewed the company's risk management and internal control systems, as well as the accounting principles and practices adopted by the company[78] - The company's financial performance and asset and liability summary for the past five fiscal years are detailed in the annual report on page 118, extracted from the audited consolidated financial statements[84] - The company's reserve changes for the year are detailed in the consolidated statement of changes in equity on page 57 of the annual report[85] - The Risk Management Committee held one meeting during the year to oversee the risk management framework, review risk reports, and assess the effectiveness of risk control measures[87] - The company has established a disclosure mechanism to regulate the identification and confidentiality of insider information until approved by the Board for release[90] - The Board confirms its responsibility for preparing financial statements that reflect the company's financial position and performance, adhering to all relevant statutory requirements and accounting standards[91] - The external auditor's statement regarding their responsibility for the financial statements for the year ended September 30, 2022, is included in the annual report on pages 49 to 53[92] - The company's corporate governance report states that the risk management and internal control systems are effective and sufficient, and the company complies with the relevant provisions of the Corporate Governance Code[90] - The company maintains communication with analysts and institutional investors, providing them with the latest and most detailed development information, and regularly releases updates such as annual reports, interim reports, announcements, and press releases[94] - The company's Articles of Association did not undergo any significant changes during the year ended September 30, 2022[98] - The Risk Management Committee members include two executive directors and three independent non-executive directors, with full attendance records listed on page 10 of the annual report[87] Suppliers and Subcontractors - The top five suppliers accounted for 41.6% of total material costs in FY2022, down from 48.3% in FY2021[20] - The largest supplier accounted for 10.8% of total material costs in FY2022, down from 15.4% in FY2021[20] - The top five subcontractors accounted for 89.4% of total subcontracting fees in FY2022, down from 98.6% in FY2021[20] - The largest subcontractor accounted for 48.9% of total subcontracting fees in FY2022, down from 63.3% in FY2021[20] - The company has 25 suppliers located in Hong Kong, all of which are subject to environmental and social performance evaluations[190] Financial Position and Commitments - The company had no bank borrowings as of September 30, 2022, maintaining a net cash position[30] - The company's asset-liability ratio is not applicable due to its net cash position[30] - The company has no capital commitments as of September 30, 2022[52] - The company paid HKD 965,000 in audit fees to Deloitte Touche Tohmatsu for the fiscal year 2022[56] - The company's financial statements for 2022 were audited and found to be in compliance with Hong Kong Financial Reporting Standards and the Hong Kong Companies Ordinance[198] - The audit was conducted in accordance with Hong Kong Auditing Standards, and the auditors confirmed their independence from the company[199] - Key audit matters were identified based on professional judgment, focusing on the most significant issues affecting the financial statements[200] Employees and Workforce - The company's employee count increased to 808 as of September 30, 2022, up from 287 in the previous fiscal year, with 76 long-term employees and 732 short-term employees[58] - The company has 807 full-time employees (2021: 286) and 1 part-time employee (2021: 1), all located in Hong Kong[174] - Employee turnover rate by region: Hong Kong 1% (2022), 0% (2021); Outside Hong Kong 8% (2022), 0% (2021)[170] - Employee turnover rate by gender: Male 1% (2022), 9% (2021); Female 8% (2022), 0% (2021)[176] - Number of work-related injury cases (sick leave >3 days): 3 cases (2022), 2 cases (2021)[178] - Total work-related injury lost days: 622 days (2022), 159 days (2021)[178] - Employee distribution by age: Under 30 years old 113 (2022), 431 (2021); 30-50 years old 264 (2022), 37 (2021); Over 50 years old 155 (2022), 95 (2021)[168] - Employee distribution by function: Senior management 15 (2022), 779 (2021); Operations team 7 (2022), 14 (2021); Support departments 266 (2022), 14 (2021)[175] - The company has obtained ISO 45001:2018 Occupational Health and Safety Management System certification[177] - The company conducts regular safety meetings, seminars, and activities to promote workplace safety[181] - The company provides education subsidies to employees to enhance their work skills and encourage continuous learning[184] - The number of trained employees increased to 808 in 2022 from 287 in 2021, with total training hours rising to 2,424 from 1,523[186] - The average training hours per employee decreased to 3 in 2022 from 5.3 in 2021[186] - 100% of employees, including both male and female, across all functions (senior management, operations, and support) received training in both 2021 and 2022[186] Environmental, Social, and Governance (ESG) - The company's ESG report for the fiscal year ending September 30, 2022, confirmed the establishment of appropriate and effective management policies and internal control systems for ESG matters[128] - The company's ESG report for the fiscal year ending September 30, 2022, disclosed compliance with ESG reporting guidelines[128] - The company made charitable donations of approximately HKD 1.0 million in the current fiscal year, compared to HKD 1.2 million in the previous fiscal year[133] - The company has obtained ISO14001:2015 Environmental Management System certification and maintains strict compliance with environmental laws and regulations in Hong Kong[131] - The company's ESG report covers its business activities in Hong Kong, which is the primary source of revenue, and excludes construction site offices due to minimal emissions[134] - The company has implemented measures to save energy and reduce greenhouse gas emissions in response to climate change challenges[141] - The company provides competitive compensation packages, including medical allowances, transportation subsidies, group insurance, and mandatory provident funds[144] - The company emphasizes diversity, equal opportunity, and anti-discrimination in its employment practices, ensuring a zero-tolerance policy for workplace harassment[145] - The company promotes work-life balance by regularly reviewing work environments, hours, and rest periods, and encourages employee participation in social and volunteer activities[146] - The company has established a robust recruitment process based on job suitability and experience to meet current and future business needs[144] - The company conducts annual performance evaluations to determine promotions and salary adjustments based on objective performance indicators[144] - The company has preventive measures in place for extreme weather conditions, such as black rainstorm warnings and typhoon signal No. 8, to ensure safety and asset protection[141] - Total greenhouse gas emissions in 2022 were 61.20 tons, an increase from 54.70 tons in 2021, with emissions per employee decreasing to 0.08 tons from 0.19 tons[151] - The company aims to reduce greenhouse gas emissions by 2% next year[151] - Paper consumption decreased to 2,175 kg in 2022 from 2,906 kg in 2021, with paper consumption per employee dropping to 2.69 kg from 10.13 kg[156] - Diesel consumption increased to 8,024 liters in 2022 from 7,028 liters in 2021, but diesel consumption per employee decreased to 9.93 liters from 24.49 liters[161] - Gasoline consumption decreased to 1,951 liters in 2022 from 2,157 liters in 2021, with gasoline consumption per employee dropping to 2.41 liters from 7.52 liters[161] - Electricity consumption decreased to 36,152 kWh in 2022 from 40,952 kWh in 2021, with electricity consumption per employee dropping to 44.74 kWh from 142.69 kWh[161] - Water consumption decreased to 131 cubic meters in 2022 from 224 cubic meters in 2021, with water consumption per employee dropping to 0.16 cubic meters from 0.78 cubic meters[161] - The company aims to reduce energy consumption by 2% next year, including water consumption[160] - The company has implemented measures to reduce paper usage, including double-sided printing and electronic communication[159] - The company has set a target to reduce harmless waste by 2% next year[158] Customers and Revenue - The top five customers accounted for 100% of the company's total revenue in the 2022 fiscal year, with the largest customer contributing 51.6% of total revenue[117] Subsidiaries and Business Operations - The company's subsidiaries are primarily engaged in power engineering and property investment[112] - The company secured confirmed project orders totaling approximately HKD 639.1 million as of September 30, 2022, with completion dates extending over the next two years[61] - A joint venture agreement was signed on November 5, 2022, with the company agreeing to invest up to HKD 20.5 million for a 40% stake in the joint venture, focusing on IT products, services, and financial/commercial big data[62] - The company's subsidiaries' details as of September 30, 2022, are provided in Note 35 of the consolidated financial statements[121] Quality Management and Customer Feedback - The company's quality management system for low-voltage systems is ISO 9001:2015 certified, with annual internal audits conducted to ensure compliance[192] - No significant complaints regarding products or services were received during the reporting period[195] - The company has established procedures to handle customer feedback and complaints, with corrective measures taken to address any non-compliance[195] Risk Management and Internal Controls - The company has no significant contingent liabilities as of September 30, 2022, consistent with the previous fiscal year[59] - No major investment plans, acquisitions, or disposals were made as of September 30, 2022[60] - The company has no significant foreign currency risk and currently does not have a foreign currency hedging policy, but will monitor and consider hedging if necessary[51] - The company's board of directors proposed the reappointment of Deloitte Touche Tohmatsu as the company's auditor at the annual general meeting[122] - The company's property, plant, and equipment changes for the fiscal year are detailed in Note 13 of the consolidated financial statements[110] - The company's share capital changes for the fiscal year are detailed in Note 26 of the consolidated financial statements[114]

Financial Performance - The company's total revenue for the year ended September 30, 2022, was HKD 348,610,000, an increase from HKD 254,863,000 in the previous year, representing a growth of approximately 36.8%[2] - Gross profit for the year was HKD 46,353,000, compared to HKD 43,828,000 in the previous year, reflecting a growth of about 5.8%[2] - The net profit attributable to the owners of the company for the year was HKD 13,625,000, down from HKD 17,248,000 in the previous year, indicating a decrease of approximately 21.1%[2] - Basic and diluted earnings per share for the year were both HKD 1.75, compared to HKD 2.61 in the previous year, a decline of about 32.9%[2] - The company reported a profit before tax of HKD 15,830,000 for the year ended September 30, 2022, compared to HKD 22,140,000 in the previous year, reflecting a decline of 28.7%[25] - Other income increased to HKD 8,400,000 in 2022 from HKD 4,691,000 in 2021, driven by government subsidies which rose to HKD 7,150,000 from HKD 2,919,000[35] - The company recorded a net other loss of approximately HKD 8.2 million in fiscal year 2022, compared to a net other income of approximately HKD 6.3 million in fiscal year 2021, mainly due to decreased gains from the sale of properties and a decline in the fair value of investment properties[80] Assets and Liabilities - Current assets totaled HKD 314,170,000, an increase from HKD 260,378,000 in the previous year, representing a growth of approximately 20.6%[4] - Current liabilities increased to HKD 62,167,000 from HKD 30,681,000, indicating a rise of about 102.5%[4] - The company's total equity increased to HKD 305,228,000 from HKD 287,678,000, reflecting a growth of approximately 6.1%[7] - Non-current assets decreased to HKD 55,200,000 from HKD 60,519,000, a decline of about 8.5%[5] - The company’s total liabilities as of September 30, 2022, were not reclassified due to the application of the revised Hong Kong Accounting Standard No. 1[16] - The total trade receivables increased significantly to HKD 105,915,000 in 2022 from HKD 24,250,000 in 2021, indicating a substantial growth in sales[52] Revenue Sources - Revenue from electrical and maintenance engineering services for the year ended September 30, 2022, was HKD 348,610,000, an increase of 36.8% compared to HKD 254,863,000 in 2021[17] - Customer B contributed HKD 71,815,000 in revenue for 2022, while Customer C contributed HKD 179,792,000, an increase from HKD 149,493,000 in 2021, and Customer D's contribution rose to HKD 96,485,000 from HKD 56,669,000[34] Investment and Projects - The company plans to continue exploring new product development and market expansion strategies to enhance future growth prospects[10] - The company will focus on two major projects in the next two years, providing engineering services to Queen Mary Hospital and the Immigration Department Headquarters[77] - As of September 30, 2022, the confirmed project orders amounted to approximately HKD 639.1 million, with completion dates extending over the next two years[88] - The company entered into a joint venture agreement with Pangu Shengshi Internet Technology Co., Ltd., agreeing to invest up to HKD 20.5 million in the joint venture[101] Shareholder and Governance - The company did not declare any dividends for 2022, consistent with 2021[53] - No dividends were declared or proposed for the fiscal year 2022, and there have been no suggestions for dividend payments since the reporting period[103] - The audit committee reviewed the consolidated financial statements for the fiscal year 2022, ensuring compliance with accounting principles and practices[100] - The company has maintained compliance with the corporate governance code, with some deviations noted regarding the notice period for board meetings[93][94] Employee and Operational Insights - The number of employees increased to 808 as of September 30, 2022, compared to 287 in the previous year, including 76 long-term employees and 732 short-term employees[90] - The company has not faced any significant adverse environmental impacts from its operations, focusing on material procurement and labor[91] - The company has not implemented any foreign currency hedging policies, as it does not perceive significant foreign currency risk[87] Other Financial Metrics - The company’s depreciation on property, plant, and equipment for the year ended September 30, 2022, was HKD 834,000, compared to HKD 754,000 in 2021, showing an increase of 10.6%[31] - The total interest income for the year ended September 30, 2022, was HKD 103,000, a slight increase from HKD 65,000 in 2021[31] - The company’s investment properties had a fair value change of HKD 4,490,000 for the year ended September 30, 2022, compared to HKD 1,970,000 in 2021, indicating a significant increase in property value[31] - The fair value changes of investment properties resulted in a loss of HKD 4,490,000 in 2022, compared to a gain of HKD 1,970,000 in 2021[36]