GOLDEN FAITH GROUP HOLDINGS LIMITED 高豐集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 2863) 董事會會議日期 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 高豐集團控股有限公 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 高豐集團控股有限公司 呈交日期: 2025年12月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02863 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 10,000,000,000 | | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,00 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02863 | 說明 | 普通股 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 666,801,000 | | 0 | | 666,801,000 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 666,801,000 | | 0 | | 666,801,000 | 公司名稱: 高豐集團控股有限公司 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 高豐集團控股有限公司 呈交日期: 2025年10月6日 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02863 | 說明 | 普通股 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 666,801,000 | | 0 | | 666,801,000 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 666,801,000 | | 0 | | 666,801,000 | 第 2 頁 共 10 頁 v 1.1.1 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 高豐集團控股有限公司 呈交日期: 2025年9月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02863 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 高豐集團控股有限公司 FF301 呈交日期: 2025年8月6日 第 1 頁 共 10 頁 v 1.1.1 I. 法定/註冊股本變動 FF301 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02863 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 | HK ...

Financial Performance - The group's revenue for the six months ended March 31, 2025, was approximately HKD 266.5 million, a decrease of about HKD 79.8 million or 23.1% compared to the same period in 2024[9]. - The cost of sales during the period was approximately HKD 237.5 million, a decrease of about HKD 74.8 million or 23.9% compared to the same period in 2024, consistent with the decline in revenue[9]. - The group's gross profit decreased by approximately HKD 4.9 million, with a gross margin of about 10.9% for the period, up from 9.8% in 2024[9]. - Revenue for the six months ended March 31, 2025, was HKD 266,472,000, a decrease of 23.05% compared to HKD 346,304,000 for the same period in 2024[56]. - Gross profit for the same period was HKD 28,994,000, down 14.5% from HKD 33,860,000 in 2024[56]. - The company reported a net profit of HKD 6,169,000 for the six months ended March 31, 2025, compared to HKD 9,384,000 in 2024, representing a decline of 34.5%[56]. - The profit before tax for the same period was HKD 7,873,000, after accounting for corporate expenses of HKD 22,242,000[74]. - The pre-tax profit for the six months ended March 31, 2025, was HKD 14,468,000, a decrease from HKD 22,228,000 in the previous year[75]. - The company reported a total comprehensive income of HKD 9,384,000 for the six months ended March 31, 2025[61]. Expenses and Costs - Administrative expenses increased by approximately HKD 3.9 million or 21.2% compared to the same period in 2024, primarily due to increased costs for directors and employees[10]. - Administrative expenses increased to HKD 22,169,000 from HKD 18,284,000, reflecting a rise of 10.3%[56]. - Financing costs increased by approximately HKD 32,000 or 24.8% compared to the same period in 2024, primarily due to a new warehouse lease[12]. - The net loss from other income and losses decreased by approximately HKD 2.4 million or 98% compared to 2024, mainly due to a reduction in net losses from fair value changes of financial assets[11]. Cash Flow and Equity - As of March 31, 2025, the group's bank and cash balance was approximately HKD 150.6 million, an increase from HKD 135.9 million as of September 30, 2024[14]. - The net cash generated from operating activities was HKD 8,982,000, a significant improvement compared to a net cash outflow of HKD 30,966,000 in the previous year[62]. - The net cash generated from investing activities was HKD 18,370,000, compared to HKD 5,000,000 in the prior year[62]. - The total equity as of March 31, 2025, was HKD 279,482,000, an increase from HKD 273,313,000 as of September 30, 2024[59]. - The company's cash and cash equivalents increased to HKD 150,585,000 from HKD 139,364,000 in the previous year[62]. - The company's retained earnings as of March 31, 2025, were HKD 135,824,000, up from HKD 129,650,000 as of September 30, 2024[61]. Share Option Plans - The 2017 Share Option Plan allows for a maximum issuance of 66,680,100 shares, representing 10% of the total shares issued at the time of listing[29]. - As of the report date, there are 33,780,000 unexercised options under the 2017 Share Option Plan, accounting for approximately 5.07% of the issued shares[30]. - The 2024 Share Option Plan has been approved with a maximum authorization limit of 66,680,100 shares, which is 10% of the total issued shares as of July 22, 2024[41]. - The 2024 Share Option Plan is effective for 10 years, starting from July 22, 2024, and will not issue or grant any stock options after that period[40]. - Each participant in the 2024 Share Option Plan is limited to exercising options that do not exceed 1% of the total issued shares within any 12-month period[42]. - The 2017 Share Option Plan allows for a maximum of 1% of the issued shares to be issued to any individual participant within a 12-month period[31]. - The exercise price for options under the 2017 plan is determined by the board and cannot be lower than the closing price on the date of grant[34]. - The 2024 Share Option Plan aims to attract and retain high-quality participants to promote the group's development[38]. - The company has not granted any unexercised options under the 2024 Share Option Plan as of the report date, representing approximately 0% of the issued shares[41]. - The total number of options exercised or canceled under the 2017 plan during the reporting period was 6,600,000[36]. - The total number of options available for grant under the 2024 share option plan is 66,680,100 shares, unchanged from the previous period[48]. - The total number of shares that may be issued upon exercise of options granted under the plan is 33,780,000 shares, representing approximately 6.06% of the weighted average number of issued shares[48]. - The company has a total of 100,460,100 shares available for future issuance, accounting for approximately 15.07% of the issued share capital[49]. Projects and Contracts - The group is focusing on three major projects: the expansion of Mary Hospital, the Causeway Bay District Court, and the Kai Tak New Emergency Hospital[8]. - The group has successfully secured multiple long-term contracts, laying a foundation for stable income in the coming years[8]. Other Information - The company did not purchase, sell, or redeem any of its listed securities during the six months ended March 31, 2025[54]. - There were no significant events that required disclosure after the report date[53]. - For the six months ended March 31, 2025, the revenue from power and maintenance engineering services was HKD 266,472,000[74]. - The fair value changes of financial assets measured at fair value through profit or loss resulted in a loss of HKD 132,000[74]. - Customer B contributed HKD 208,346,000 to total revenue, while Customer C contributed HKD 44,066,000 for the six months ended March 31, 2025[77]. - Other income for the period was HKD 1,193,000, a decrease from HKD 1,450,000 in the previous year[78]. - The company reported a decrease in tax expense to HKD 1,704,000 for the six months ended March 31, 2025, compared to HKD 5,084,000 in the previous year[81]. - As of March 31, 2024, the total number of issued and fully paid shares is 666,801 thousand shares[91]. - The par value of each ordinary share is HKD 0.01[91]. - The statutory share capital as of March 31, 2024, and March 31, 2025, is 10,000,000 thousand shares, amounting to HKD 100,000 thousand[91].

Financial Performance - Revenue for the six months ended March 31, 2025, was HKD 266,472,000, a decrease of 23.1% compared to HKD 346,304,000 for the same period in 2024[3] - Gross profit for the same period was HKD 28,994,000, down 14.4% from HKD 33,860,000 in 2024[3] - Profit before tax decreased to HKD 7,873,000, a decline of 45.5% from HKD 14,468,000 in the previous year[3] - Net profit for the period was HKD 6,169,000, down 34.5% compared to HKD 9,384,000 in 2024[3] - The company's revenue for the six months ended March 31, 2025, was approximately HKD 266.5 million, a decrease of HKD 79.8 million or 23.1% compared to the same period in 2024[35] - The cost of sales during the same period was approximately HKD 237.5 million, down HKD 74.8 million or 23.9% year-over-year, consistent with the revenue decline[35] - The gross profit decreased by approximately HKD 4.9 million, with a gross profit margin rising to about 10.9% compared to 9.8% in 2024[35] - Total employee costs for the six months ended March 31, 2025, were HKD 157,535,000, a decrease of 8.0% from HKD 171,258,000 in the previous year[22] - The net loss from other income and losses decreased by approximately HKD 2.4 million or 98% compared to 2024, mainly due to reduced net losses from fair value changes of financial assets[37] - Financing costs increased by approximately HKD 32,000 or 24.8% compared to 2024, attributed to a new warehouse lease[38] - The total profit and comprehensive income increased by approximately HKD 3.2 million or 34.3% compared to 2024, driven by the net effects of gross profit decline, reduced net losses from financial assets, and increased administrative expenses[39] Earnings and Dividends - Basic and diluted earnings per share were both HKD 0.009, an increase from HKD 0.006 in the previous year[4] - The company declared an interim dividend of HKD 20,004,000, compared to no dividend in the same period last year[4] - The company reported a total of HKD 20,004,030 in interim dividends for the six months ended March 31, 2025, with a declared dividend of HKD 0.03 per share[26][27] Assets and Liabilities - Total assets less current liabilities amounted to HKD 281,166,000, an increase from HKD 275,499,000 as of September 30, 2024[6] - Non-current assets decreased to HKD 7,497,000 from HKD 8,685,000 in the previous period[5] - Current assets included cash and cash equivalents of HKD 150,585,000, up from HKD 123,905,000 as of September 30, 2024[5] - Trade receivables as of March 31, 2025, amounted to HKD 35,758,000, a significant decrease of 67.6% from HKD 110,313,000 as of September 30, 2024[28] - The bank and cash balance was approximately HKD 150.6 million, an increase from HKD 135.9 million as of September 30, 2024[40] Corporate Governance - The board emphasizes accountability and transparency to shareholders, adhering to the corporate governance code as per the listing rules[52] - The audit committee reviews the accounting principles and practices adopted by the group, ensuring compliance with financial reporting matters[54] - The interim performance of the group has not been audited but has been reviewed by the audit committee[55] - The board is not aware of any significant events that require disclosure after the reporting period[57] Business Operations and Future Plans - The company operates primarily in providing electrical engineering services in Hong Kong[8] - The company plans to continue bidding for government projects, which are less affected by external market fluctuations, amid ongoing global economic instability[50] - The company is considering investing in electrical engineering projects to expand its business scope and enhance profitability, currently in the preliminary stage with no agreements signed yet[51] Share Capital - As of March 31, 2025, the company had a total issued share capital of 666,801,000 shares[40] - The average number of ordinary shares for basic earnings per share calculation was 666,801,000 for the six months ended March 31, 2025[23] Other Information - There were no purchases, sales, or redemptions of the company's listed securities during the period[56] - The interim report will be sent to shareholders and published on the company's website at an appropriate time[58]

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].