Financial Performance - For the fiscal year ending September 30, 2021, the group's revenue was approximately HKD 254.9 million, an increase of about HKD 10.7 million or 4.4% compared to the previous fiscal year[13]. - Rental income from property investments for the fiscal year was approximately HKD 1.4 million, up from HKD 0.11 million in the previous fiscal year[12]. - The gross profit decreased by approximately HKD 9.1 million, with the gross profit margin dropping from 21.7% in the previous fiscal year to 17.2% due to increased costs influenced by COVID-19[13]. - Other income recorded was approximately HKD 4.7 million, a decrease of about HKD 1.2 million compared to the previous fiscal year, attributed to reduced bank interest income[14]. - Total profit and comprehensive income decreased by approximately HKD 6.2 million, mainly due to a reduction in gross profit of about HKD 9.1 million and a decrease in other income of approximately HKD 1.2 million[16]. - The group confirmed project orders amounting to approximately HKD 1,171.3 million, with completion dates extending into the fiscal year 2023[30]. - The top five customers accounted for approximately 100.0% of total revenue in the fiscal year 2021, with the largest customer contributing about 58.2%[95]. - The top five suppliers represented approximately 48.3% of total material costs, with the largest supplier accounting for about 15.4%[96]. Project Development - The group completed the M+ Museum and Hong Kong Sanatorium & Hospital projects, contributing 20.2% to revenue, and commenced four new projects in the second half of the year, contributing 74.2% to revenue[13]. - Future focus will be on major construction projects in Hong Kong, including Kwong Wah Hospital and the new Taxation Headquarters[12]. - The group has sufficient orders in hand, indicating a strong pipeline for future projects[9]. Corporate Governance - The board is committed to maintaining high levels of corporate governance and has complied with the relevant regulations throughout the fiscal year[34]. - The board has complied with the listing rules requiring at least three independent non-executive directors, with at least one possessing appropriate professional qualifications or accounting expertise[38]. - All independent non-executive directors have submitted annual confirmations of their independence, and the company believes they are all independent individuals[38]. - The board has maintained a balanced skill set and experience suitable for the company's business needs[38]. - The audit committee held two meetings during the year to review the financial statements and discuss risk management and internal control systems[52]. - The company encourages directors to participate in continuous professional development to enhance their knowledge and skills[47]. - The board is responsible for establishing the company's operational and strategic direction, monitoring financial performance, and ensuring effective internal controls[39]. - The company has not established a formal CEO position, but the executive directors effectively fulfill this role[48]. - The audit committee members are all independent non-executive directors and are not members of the company's previous or current auditors[52]. - The company requires directors to submit training records annually to ensure compliance with corporate governance codes[47]. - The board will continue to review the effectiveness of the group's structure as the business grows[48]. - 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[53]. - The nomination committee also held two meetings to review the board's structure and composition, and to assess the independence of independent non-executive directors[55]. - The risk management committee conducted one meeting to oversee the risk management framework and review risk reports, ensuring effective risk control measures[56]. - The external auditor's fees for the year ended September 30, 2021, amounted to HKD 950,000 for audit services[61]. - The board confirmed that the risk management and internal control systems are effective and sufficient, complying with the corporate governance code[64]. - The company is committed to maintaining effective communication with shareholders and investors, providing comprehensive operational and financial performance information[68]. - The internal audit function reviewed the effectiveness of the risk management and internal control systems during the year, reporting findings and recommendations to the audit committee and board[62]. - The company has established a disclosure mechanism to ensure timely publication of inside information in compliance with applicable laws and regulations[64]. - The company reported its annual financial statements for the year ending September 30, 2021, with no significant changes in the articles of association[72]. - The board of directors includes experienced members with over 30 years of professional experience in finance and management[75][76][80][81][83]. - The financial management and company secretary roles are overseen by the financial director, who has over 30 years of experience in public accounting and corporate governance[75][80]. - The company has a structured process for shareholders to submit inquiries and concerns to the board[71]. - The board is responsible for overall strategic management and development of the group[75]. - The company has appointed independent non-executive directors to provide independent judgment and oversight[81][83]. - The chairman and executive director has a master's degree in finance and extensive experience in the construction industry[75]. - The company has a diverse board with members from various professional backgrounds, enhancing its governance[76][81]. - The annual report and audited consolidated financial statements were presented to the shareholders[85]. - The company did not recommend a final dividend for the fiscal year 2021, consistent with the previous fiscal year where no dividend was paid[88]. - The company's distributable reserves as of September 30, 2021, amounted to approximately HKD 98.2 million, which includes share premium and stock option reserves after deducting accumulated losses[91]. - The company has complied with the disclosure requirements regarding related party transactions as per the listing rules[120]. - There are no significant transactions or contracts in which the directors have a material interest during the year[126]. - The company has received confirmations from controlling shareholders regarding compliance with non-competition commitments for the year ending September 30, 2021[125]. - The total number of shares held by major shareholders includes 413,895,000 shares held by Mr. Gao Junxi and 302,747,000 shares held by Da De Investment Trading Limited[121]. - The group made charitable donations of approximately HKD 1.2 million in the fiscal year 2021, compared to HKD 1.8 million in the fiscal year 2020[140]. - The company confirmed that its public float has consistently met the requirements of the listing rules as of the date of the annual report[136]. - The group is committed to sustainable development and has implemented ESG strategies to manage related risks effectively[144]. - The ESG report covers the group's operations in Hong Kong, which is the primary source of revenue[145]. - The group has adopted a stock option plan as a reward for eligible participants, reflecting its compensation policy based on individual qualifications and contributions[129]. - The company did not purchase, sell, or redeem any of its listed securities during the fiscal year 2021[135]. - The board of directors confirmed the independence of all independent non-executive directors in accordance with the listing rules[128]. Employee and Workplace Culture - The group employed 287 employees as of September 30, 2021, an increase from 138 employees in the previous fiscal year[23]. - The company maintained a strong relationship with employees, offering competitive compensation to attract and motivate them[97]. - The company has established a transparent recruitment process and offers competitive compensation packages to attract and retain experienced employees[199]. - The company is committed to creating an inclusive workplace culture, ensuring equal opportunities for all employees without discrimination[200]. - The company has not been aware of any significant violations of employment laws that could impact its operations[198]. Environmental Management - The group is focused on optimizing and improving the disclosure methods for key performance indicators related to ESG[145]. - The total greenhouse gas emissions for the reporting period were approximately 54.70 tons, an increase from 47.81 tons in the previous year, with a per-employee emission of 0.19 tons compared to 0.35 tons in the prior year[172]. - Scope 1 direct emissions amounted to 23.46 tons, while Scope 2 indirect emissions were 17.20 tons, and Scope 3 other indirect emissions were 14.04 tons[172]. - The company aims to reduce greenhouse gas emissions in the coming year by implementing measures such as optimizing vehicle routes and using low-sulfur fuel[174]. - The total paper consumption was 2,906 kg, with a per-employee density of 10.13 kg, compared to 2,300 kg and 16.67 kg per employee in the previous year[180]. - The company plans to reduce non-hazardous waste by 2% in the upcoming year and has implemented waste management processes to encourage recycling and reuse[184]. - The number of employees increased to 287 from 138 in the previous year, which may impact resource consumption metrics[173]. - The company has established a comprehensive environmental management system and obtained ISO 14001:2015 certification[167]. - The company has not reported any significant violations of environmental laws and regulations during the reporting period[167]. - The company encourages subcontractors to minimize waste generation and use recyclable packaging materials[180]. - The company has set policies to manage resource usage effectively, including fuel, electricity, and water[185]. - The company aims to reduce energy consumption by 2% in the coming year, including water usage[187]. - Diesel consumption was 7,028 liters per employee in 2021, a decrease from 5,309 liters in 2020, while gasoline consumption was 2,157 liters per employee, down from 2,223 liters[188]. - Electricity consumption was 40,952 kWh per employee in 2021, compared to 30,409 kWh in 2020, indicating a significant increase in energy efficiency measures[188]. - Water consumption was 224 cubic meters in the reporting period, with a per-employee usage of 0.78 cubic meters, down from 1.06 cubic meters in 2020[189]. - The company has implemented energy-saving measures, including setting air conditioning to a minimum of 25 degrees Celsius and encouraging employees to turn off equipment when not in use[188]. - The company has not engaged in industrial production or used significant packaging materials, reflecting its operational focus[191]. - The company recognizes the impact of climate change and has taken measures to reduce greenhouse gas emissions and prepare for extreme weather events[196].

Revenue and Profitability - The group's revenue for the period was approximately HKD 103.6 million, a decrease of about HKD 74.7 million or 41.9% compared to the same period in 2020[13] - Revenue for the six months ended March 31, 2021, was HKD 103,577,000, a decrease from HKD 178,243,000 in the same period of 2020, representing a decline of approximately 42%[56] - Gross profit for the same period was HKD 13,989,000, down from HKD 14,755,000, indicating a decrease of about 5%[56] - The total profit and comprehensive income decreased by approximately HKD 2.6 million, influenced by a reduction in gross profit and an increase in administrative expenses[17] - The net profit for the period was HKD 3,076,000, compared to HKD 5,661,000 in the previous year, reflecting a decline of approximately 46%[56] - Basic and diluted earnings per share were both HKD 0.004, down from HKD 0.010 in the previous year, a decrease of 60%[56] Expenses and Financial Position - Administrative expenses rose by approximately HKD 1.9 million, mainly due to increased professional fees, employee costs, and expected credit losses[13] - Cash and cash equivalents at the end of the period were HKD 140,055,000, down from HKD 190,645,000, a decrease of about 26%[68] - The company reported a net cash outflow from operating activities of HKD 11,553,000, compared to a net inflow of HKD 58,279,000 in the same period last year[68] - The company’s total liabilities decreased from HKD 28,115,000 to HKD 17,846,000, indicating improved financial management[114] Projects and Operations - The group completed two major electrical and maintenance engineering projects and commenced four new projects during the period, contributing approximately HKD 74.7 million, accounting for 72.4% of total revenue from electrical and maintenance engineering services[12] - The company continues to provide large-scale electrical and maintenance engineering services for major public sector construction projects in Hong Kong, contributing to stable income and profits in the coming years[31] - The company continues to focus on providing power engineering services in Hong Kong, with no significant expansion into new markets reported during this period[72] Employment and Workforce - The group employed 77 long-term employees and 268 short-term employees as of March 31, 2021, compared to 75 and 105, respectively, in the previous year[23] Shareholder Information - As of March 31, 2021, the beneficial owner, Gao Junxi, holds 111,148,000 ordinary shares, representing 17.76% of the total issued shares[41] - Gao Junxi also holds 302,747,000 shares through a controlled corporation, accounting for 46.14% of the total issued shares[41] - The company’s weighted average number of ordinary shares for basic earnings calculation increased to 656,191,000 shares from 543,621,000 shares in the previous year[103] Compliance and Governance - The audit committee has reviewed the group's financial statements for the period, ensuring compliance with accounting principles and practices[37] - The company has maintained its accounting policies consistent with previous periods, ensuring comparability in financial reporting[90] Market Conditions and Future Outlook - The business environment is challenging due to global trade tensions, geopolitical uncertainties, and the COVID-19 pandemic, which may slow down construction projects and impact performance[31] - The company will seek business diversification to minimize risks and may consider other opportunities beneficial for long-term development[31] Other Financial Information - The company has no significant contingent liabilities as of March 31, 2021[25] - The company has no significant investments other than those in subsidiaries as of March 31, 2021[26] - There were no major acquisitions or disposals reported as of March 31, 2021[27] - The board of directors does not recommend the payment of an interim dividend for the period[28] - The company did not purchase, sell, or redeem any of its listed securities during the six months ended March 31, 2021[52] - There were no significant events that required disclosure after the reporting period[52] - The company has not disclosed any new product developments or technological advancements in the current reporting period[72] - There were no significant mergers or acquisitions reported during the six months ended March 31, 2021[72]

Financial Performance - For the fiscal year ending September 30, 2020, the group's revenue was approximately HKD 252.8 million, a decrease of about HKD 125.7 million or 33.2% compared to the previous fiscal year[16]. - The group's gross profit for the fiscal year decreased by approximately HKD 8.0 million, while the gross profit margin increased from 16.1% in the previous fiscal year to 21.0% due to strict cost control measures[16]. - Total profit and comprehensive income increased by approximately HKD 1.5 million, influenced by a decrease in gross profit of about HKD 8.0 million, a reduction in impairment provisions of HKD 4.6 million, a decrease in administrative expenses of about HKD 2.3 million, and an increase in other income of approximately HKD 3.3 million[20]. - The group recorded other income of approximately HKD 5.9 million, an increase of about HKD 3.3 million compared to the fiscal year 2019, primarily due to government subsidies from the "Employment Support" scheme affected by COVID-19[17]. - The group had no bank borrowings as of September 30, 2020, compared to HKD 4.6 million in 2019[23]. - The company did not recommend the payment of a dividend for the fiscal year ending 2020, consistent with the previous year where no dividend was paid[86]. - As of September 30, 2020, the company's distributable reserves were approximately HKD 96.5 million, which includes share premium and share option reserves after deducting accumulated losses[91]. Business Diversification and Strategy - The group focused on three major projects, contributing approximately HKD 213.3 million, which accounted for 87.3% of the total revenue from the electromechanical engineering services business[14]. - The group has begun diversifying its business by engaging in electrical equipment trading with state-owned enterprises in China[10]. - The group acquired a retail store in Hong Kong to generate rental income as part of its property investment strategy[10]. - The group is exploring opportunities in the biotechnology sector by registering and developing a new drug in China[10]. - The group aims to continue participating actively in construction infrastructure projects in Hong Kong through strategic partnerships[10]. - The group plans to diversify its business to mitigate risks and maximize shareholder returns, particularly in light of global trade tensions and the COVID-19 pandemic[33]. - In June 2020, the group acquired several commercial properties for investment purposes to diversify its income sources through property investment and rental income[33]. - The group purchased exclusive development, production, and distribution rights for the drug Ad-SGE-REIC/dkk-3 in the Greater China region, marking an entry into the biomedical field[33]. Corporate Governance - The board of directors has complied with the listing rules requiring at least three independent non-executive directors, with at least one possessing appropriate professional qualifications in accounting or related financial management[41]. - All independent non-executive directors have submitted annual confirmation letters regarding their independence, and the company believes they are all independent individuals[41]. - The attendance rate for board meetings was 100% for all executive directors, with each attending 14 out of 14 meetings[47]. - The nomination committee held two meetings during the year to review the board's structure and assess the independence of independent non-executive directors[54]. - The remuneration committee held one meeting to review the remuneration policy and structure for all directors and senior management[55]. - The company encourages all directors to participate in continuous professional development to enhance their knowledge and skills[49]. - The board is responsible for establishing and reviewing corporate governance policies and practices[51]. - The company has adopted a board diversity policy, considering various factors to achieve sustainable and balanced development[52]. Risk Management and Compliance - The Risk Management Committee held one meeting during the year to oversee the risk management framework and review risk reports, ensuring effective risk control measures[56]. - The Audit Committee reviewed the consolidated financial statements for the fiscal year ending September 30, 2020, and discussed risk management and internal control systems[58]. - The internal audit function assessed the effectiveness of the risk management and internal control systems, reporting findings and improvement recommendations to the Audit Committee and Board[63]. - The company confirmed compliance with applicable laws and regulations regarding timely disclosure of inside information and established mechanisms for identifying and maintaining confidentiality of such information[64]. - The Board is responsible for preparing financial statements that fairly reflect the group's financial position and performance, adhering to relevant regulatory requirements and accounting standards[65]. Environmental, Social, and Governance (ESG) Initiatives - The company has achieved ISO 14001:2015 certification for its environmental management system, demonstrating its commitment to systematic environmental protection measures[157]. - The company reported no significant violations of environmental laws and regulations during the reporting period, including the Noise Control Ordinance and Waste Disposal Ordinance[158]. - The company is focused on optimizing and improving the disclosure methods for key performance indicators related to ESG[140]. - The company has established appropriate and effective management policies and internal control systems for ESG matters during the reporting period[155]. - The company actively engages with stakeholders through various channels to understand and address their concerns regarding ESG issues[152]. - The company emphasizes environmental protection and compliance with applicable environmental laws and regulations in its operations[157]. - The company implemented measures to reduce direct greenhouse gas emissions from fuel consumption, including optimizing vehicle routes and using low-sulfur fuel[163]. Employee Management and Development - The company employed 138 staff members as of September 30, 2020, down from 297 in the previous year, including 75 long-term employees and 63 short-term employees[162]. - The company provides competitive compensation to attract and motivate employees, regularly reviewing and adjusting salaries according to market standards[97]. - The company has established objective performance indicators for annual employee evaluations, which influence salary adjustments[185]. - The company encourages employee participation in personal and professional training to adapt to new technologies and equipment[196]. - Training programs are regularly updated to align with changing stakeholder needs, including legal regulations and market trends[197]. - The company is committed to maintaining a safe working environment, aiming for zero incidents and accidents through established safety policies and procedures[189]. - The company has achieved OHSAS 18001:2007 certification for its occupational health and safety management system[189]. - Regular internal audits are conducted to assess the effectiveness and compliance of the occupational health and safety management system[191]. Shareholder and Market Information - The company maintains effective communication with shareholders and investors, providing comprehensive information on operational and financial performance through annual and interim reports[69]. - Shareholders holding at least 10% of the paid-up capital have the right to request the Board to convene a special general meeting within two months of the request[70]. - There were no significant changes to the company's articles of association during the fiscal year ending September 30, 2020[72]. - The group reported that the top five customers accounted for approximately 96.6% of total revenue in the fiscal year 2020, down from 99.5% in 2019, with the largest customer representing 39.6% of total revenue compared to 54.6% in 2019[95]. - The top five suppliers accounted for about 43.0% of total material costs in fiscal year 2020, up from 37.3% in 2019, with the largest supplier accounting for 11.7% of material costs compared to 9.8% in 2019[96]. - The top five subcontractors represented 98.6% of total subcontracting fees in fiscal year 2020, an increase from 96.7% in 2019, with the largest subcontractor accounting for 65.1% of subcontracting fees compared to 58.6% in 2019[96].

Revenue and Profitability - The group's revenue for the six months ended March 31, 2020, was approximately HKD 178.2 million, an increase of about HKD 36.0 million or 25.3% compared to the same period in 2019[8] - Project revenue increased by approximately HKD 27.5 million, while new trade business revenue contributed approximately HKD 8.5 million[8] - Gross profit decreased by approximately HKD 8.2 million, resulting in an average gross profit margin of about 8.6%, down from 16.2% in 2019[8] - The company reported revenue of HKD 178,243,000 for the six months ended March 31, 2020, an increase of 25.3% compared to HKD 142,231,000 in the same period of 2019[60] - Gross profit for the same period was HKD 14,755,000, down 35.9% from HKD 22,979,000 year-on-year[60] - Profit before tax was HKD 6,558,000, down 37.5% from HKD 10,491,000 in the prior year[60] - The net profit attributable to the owners of the company was HKD 5,632,000, a decrease of 24.6% compared to HKD 7,469,000 in the same period last year[60] - Basic earnings per share for the period was HKD 0.010, unchanged from the previous year[60] Expenses and Costs - Administrative expenses decreased by approximately HKD 2.7 million compared to the same period in 2019[10] - The company incurred administrative expenses of HKD 10,419,000, a decrease of 20.5% from HKD 13,109,000 in the previous year[60] - Employee costs totaled HKD 46,949,000, with director remuneration at HKD 2,522,000 and other employee costs at HKD 43,102,000[112] - The company reported a depreciation expense of HKD 1,443,000 for property, plant, and equipment, including HKD 1,151,000 for right-of-use assets[112] Cash Flow and Financial Position - As of March 31, 2020, the group's bank and cash balance was approximately HKD 205.8 million, up from HKD 131.4 million in 2019[13] - The net cash generated from operating activities for the six months ended March 31, 2020, was HKD 58,279,000, significantly up from HKD 15,252,000 in the same period of 2019, indicating a year-over-year increase of approximately 282%[72] - The cash and cash equivalents at the end of the period were HKD 190,645,000, up from HKD 111,309,000 in the previous year, marking an increase of approximately 71%[72] - The total assets minus current liabilities amounted to HKD 218,287,000, compared to HKD 212,557,000 as of September 30, 2019, reflecting a growth of approximately 2.4%[63] - The total equity as of March 31, 2020, was HKD 217,602,000, an increase from HKD 211,941,000 as of September 30, 2019, representing a growth of about 2.3%[66] Shareholder Information - The total number of issued shares as of March 31, 2020, was 543,621,000 shares[13] - Major shareholders include Da De Investment Trading Limited with a 55.69% stake and Jia You Investment Limited with a 5.98% stake[54] - The board did not recommend the payment of an interim dividend for the six months ended March 31, 2020[25] - No interim dividend was declared or proposed for the six months ended March 31, 2020, as recommended by the board of directors[118] Business Environment and Strategy - The business environment is challenging due to global trade tensions, geopolitical uncertainties, and the COVID-19 pandemic, which may slow down construction projects and impact the group's performance[27] - The group continues to primarily engage in large-scale electromechanical engineering services for public sector construction projects in Hong Kong, including hospitals and government office facilities[27] - The group has initiated trade operations in China to diversify its business and minimize risks associated with its core operations[27] - The group aims to minimize business risks through diversification strategies amid a challenging operating environment[27] - The group is exploring other opportunities that may benefit its core business development[27] Corporate Governance - The board is committed to maintaining high levels of corporate governance and accountability to shareholders, adhering to the principles of the corporate governance code[28] - The audit committee has reviewed the group's financial statements for the six months ending March 31, 2020, ensuring compliance with accounting principles and practices[32] - The audit committee consists of three independent non-executive directors, ensuring independent oversight of the board[32] - The board will continue to assess the effectiveness of the group's structure as the business grows, considering potential changes including the appointment of a CEO[28] Investments and Acquisitions - The group had no significant investments other than those in subsidiaries as of March 31, 2020[23] - No major acquisitions or disposals occurred during the six months ended March 31, 2020[24] - The company established a new subsidiary during the reporting period, contributing HKD 20,000 to the overall financial position[69] Other Financial Metrics - Other income increased by approximately HKD 1.5 million, mainly due to the reversal of accrued engineering service fees[9] - The company reported other income of HKD 2,387,000, significantly up from HKD 633,000 in the previous year[60] - Interest income increased to HKD 840,000 from HKD 633,000 year-on-year[108] - The estimated tax expense for the period was HKD 897,000, down from HKD 3,023,000 in the previous year[111] - The company incurred capital expenditures of approximately HKD 328,000 for furniture, equipment, and vehicles during the six months ended March 31, 2020, compared to HKD 139,000 in 2019, indicating an increase of approximately 135.3%[117]

Financial Performance - For the fiscal year ending September 30, 2019, the group's revenue was approximately HKD 378.5 million, an increase of about HKD 3.4 million or 0.9% compared to the previous fiscal year[14] - The group's gross profit increased by approximately HKD 8.0 million, resulting in an average gross profit margin for the electromechanical engineering services business rising from about 14.1% to approximately 16.1%[14] - The group recorded other income of approximately HKD 2.7 million, an increase of about HKD 2.2 million compared to the previous fiscal year, driven by equipment installation service income and increased interest income[15] - The total profit and comprehensive income decreased by approximately HKD 5.2 million, influenced by increased administrative expenses and impairment provisions for receivables[19] - The group recorded a provision for impairment of receivables and contract assets of approximately HKD 4.5 million, compared to zero in the previous year[17] - The company reported a total revenue of approximately HKD 67.0 million as of September 30, 2019, with no dividends proposed for the fiscal year 2019[101] - The company’s available distributable reserves as of September 30, 2019, amount to approximately HKD 67.0 million, after deducting accumulated losses from share premium[101] - The board of directors has not recommended the payment of dividends for the fiscal year ending September 30, 2019, consistent with the previous fiscal year[96] Business Operations - The group began a new trade business in electronic product sales in China, generating approximately HKD 1.8 million in revenue for the fiscal year[13] - The group aims to diversify its business and minimize risks by expanding its expertise in electromechanical engineering services in the Chinese market[9] - The group established a wholly foreign-owned enterprise in Nanning, Guangxi, China, in July 2019 to diversify its business and reduce operational risks[38] - The company operates primarily in the power engineering services and trading business sectors[93] - The company has not engaged in any significant investments, acquisitions, or disposals as of September 30, 2019[32] Employee and Workforce Management - The group employed 297 employees as of September 30, 2019, down from 481 employees in 2018, indicating a significant reduction in workforce[26] - The company has provided competitive compensation to attract and motivate employees, regularly reviewing and adjusting salaries according to market standards[107] - The company emphasizes the importance of human resources management policies that recognize and reward outstanding employee performance[196] - The group has established objective performance indicators for annual performance evaluations of employees[199] - Compensation adjustments are based on the annual performance evaluations conducted by the group[199] - The company is committed to creating an inclusive and collaborative workplace culture for all employees[200] - Equal opportunities are provided in all aspects of employment, ensuring no discrimination based on race, religion, gender, or other factors[200] - The company adopts a zero-tolerance policy towards harassment or abuse in the workplace[200] Governance and Compliance - 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 in accounting or related financial management[47] - All independent non-executive directors have submitted annual confirmation letters regarding their independence, and the company believes they are all independent individuals[47] - The attendance record of directors at board and committee meetings has been documented, with some directors achieving a 100% attendance rate[52] - The company encourages continuous professional development for all directors, ensuring they stay updated on legal, regulatory, and corporate governance developments[55] - The board is responsible for setting and reviewing corporate governance policies and practices, including compliance with legal and regulatory requirements[57] - The nomination committee held two meetings during the year to review the board's structure and assess the independence of non-executive directors[60] - The company has adopted a board diversity policy, considering various factors such as gender, age, and professional qualifications to achieve sustainable and balanced development[58] - The board believes the current management structure is effective for overseeing the group's operations, with ongoing reviews as the business grows[56] - The company confirmed compliance with applicable laws and regulations regarding timely disclosure of inside information[71] - The board is committed to providing clear and balanced evaluations of the group's business performance and financial position in all financial reports[72] Risk Management - The risk management committee held one meeting during the year to oversee the risk management framework and review risk reports[62] - The internal audit function assessed the effectiveness of the group's risk management and internal control systems, reporting findings and recommendations to the audit committee and board[70] - The risk management and internal control systems are deemed effective and sufficient by the board[70] - The group has no significant foreign currency risk as its monetary assets and liabilities are primarily denominated in HKD[24] - The group has not established any foreign currency hedging policies due to the assessment that foreign currency risk is not significant[24] Environmental, Social, and Governance (ESG) - The company has established a comprehensive environmental management system and obtained ISO 14001:2015 certification, demonstrating its commitment to environmental protection[170] - The company reported no significant violations of environmental laws and regulations during the reporting period, including the Noise Control Ordinance and Waste Disposal Ordinance[171] - The total greenhouse gas emissions for the reporting period were approximately 61.29 tons, a decrease from 65.62 tons in the previous year, with an emissions intensity of 0.21 tons per employee compared to 0.14 tons per employee in the prior year[174] - The main sources of greenhouse gas emissions were electricity consumption, gasoline and diesel consumption from vehicles, and paper usage[174] - The company actively engages with stakeholders through various channels to address their concerns and expectations regarding ESG matters[163] - The company is committed to optimizing and improving the disclosure methods for key performance indicators related to ESG[158] - The company has implemented appropriate and effective management policies and internal control systems for ESG matters during the reporting period[168] - The company focuses on sustainable development and green operations as part of its core business strategy[161] - The company aims to reduce waste emissions during its operational processes, despite considering the emissions to be not significant[171] - The company implemented measures to reduce direct greenhouse gas emissions from gasoline consumption, including optimizing vehicle routes and using unleaded and low-sulfur fuels[177] Shareholder Information - The net proceeds from the listing, after deducting related expenses, amounted to approximately HKD 56.7 million[33] - The group has not utilized any of the net proceeds from the listing for the intended purposes as of September 30, 2019, with HKD 23.691 million remaining unutilized[35] - The company confirmed that its public float complied with the Listing Rules as of the date of the report[149] - Major shareholders include Da De Investment Trading Limited with 302,747,000 shares (55.69%) and Jia You Investment Limited with 32,500,000 shares (5.98%) as of September 30, 2019[132] - The largest shareholder holds 302,747,000 shares, which constitutes 55.69% of the total issued shares[112] - The company has complied with the disclosure requirements of the Listing Rules Appendix 16 regarding related party transactions[128] - No significant transactions or contracts were established by the company or its subsidiaries that would involve directors' substantial interests during the year[139] - The company did not purchase, sell, or redeem any of its listed securities during the fiscal year 2019[146] Charitable Contributions - The company reported a charitable donation of approximately HKD 0.9 million for the year, compared to HKD 0.4 million in 2018[153]

Revenue and Profitability - For the six months ended March 31, 2019, the group's revenue was approximately HKD 142.2 million, a decrease of about HKD 38.3 million or 21.3% compared to the same period in 2018[11]. - The decrease in revenue was primarily due to a project completion date extension, resulting in a revenue reduction of approximately HKD 48.2 million, while ongoing projects contributed an increase of approximately HKD 9.9 million[11]. - The group's gross profit decreased by approximately HKD 6.6 million, maintaining an average gross profit margin of about 16.4% compared to 16.2% in 2018[11]. - Revenue for the six months ended March 31, 2019, was HKD 142,231 thousand, a decrease of 21.2% compared to HKD 180,566 thousand in the same period of 2018[71]. - Gross profit for the same period was HKD 22,979 thousand, down 22.3% from HKD 29,577 thousand year-on-year[71]. - The net profit for the period was HKD 7,468 thousand, a decline of 54.5% compared to HKD 16,273 thousand in the previous year[71]. - Basic earnings per share decreased to HKD 0.014 from HKD 0.03, representing a drop of 53.3%[71]. - Total comprehensive income for the period was HKD 7,469,000, reflecting a significant decline compared to the previous year's total of HKD 16,273,000[106]. Financial Position - As of March 31, 2019, the group had a bank and cash balance of approximately HKD 131.4 million, an increase from HKD 116.3 million as of September 30, 2018[16]. - Total assets decreased to HKD 219,557 thousand from HKD 231,623 thousand, reflecting a decline of 5.2%[73]. - Current liabilities increased to HKD 26,616 thousand from HKD 47,412 thousand, indicating a reduction of 43.8%[73]. - The company's net cash and cash equivalents at the end of the period were HKD 111,309 thousand, compared to HKD 134,877 thousand at the end of the previous period[80]. - Non-current assets decreased to HKD 2,675 thousand from HKD 2,804 thousand, a decline of 4.6%[73]. - The total equity attributable to owners of the company increased to HKD 195,085 thousand from HKD 186,482 thousand, an increase of 4.3%[75]. - As of March 31, 2019, total current assets amounted to HKD 3,938 million, an increase from HKD 2,483 million as of September 30, 2018, representing a growth of approximately 58.7%[114]. Expenses and Liabilities - The group's performance and comprehensive income decreased due to a reduction in gross profit and an increase in administrative expenses by approximately HKD 3.3 million[14]. - The group had performance guarantees of approximately HKD 19.1 million as of March 31, 2019, significantly up from HKD 5.8 million in 2018[19]. - The total amount of performance guarantees as of March 31, 2019, was HKD 19.1 million, significantly higher than HKD 5.8 million in the previous year, marking an increase of 228.6%[127]. - The total amount of trade payables as of March 31, 2019, was HKD 16,774 million, compared to HKD 10,015 million as of September 30, 2018, indicating a year-over-year increase of 67.5%[116]. - The company reported a decrease in the aging of trade payables, with amounts due within 30 days increasing to HKD 15,363 million from HKD 7,205 million, a rise of 113.5%[116]. Operational Highlights - The group is currently bidding for two potential projects as of March 31, 2019[10]. - The group employed a total of 84 long-term employees and 129 short-term employees as of March 31, 2019[20]. - The company plans to review its business operations and financial status to develop sustainable business strategies, potentially expanding beyond the Hong Kong market[36]. Shareholder Information - The company reported a total of 302,747,000 shares held by Gao Junxi, representing 56.06% of the total issued shares[55]. - Wong Anhua holds 32,500,000 shares, accounting for 6.02% of the total issued shares[55]. - Li Jiafei possesses 5,370,000 shares, which is 0.99% of the total issued shares[55]. - The company has a significant shareholder, Da De Investment Trading Limited, which is wholly owned by Gao Junxi[66]. Corporate Governance - The audit committee reviewed the group's financial statements for the six months ended March 31, 2019[42]. - The company has adopted the standard code of conduct for securities transactions by directors and confirmed compliance by all directors during the six months ended March 31, 2019[40]. - The independent non-executive directors have over 20 years of professional experience in public accounting and company secretarial work[50]. - The company's independent non-executive directors were appointed on July 21, 2017, to provide independent judgment and oversight of the board[50]. - The company has no arrangements that would allow directors or their family members to benefit from purchasing shares or bonds of the company[63]. Other Financial Information - The company incurred a tax expense of HKD 3,023,000 for the period, with an effective tax rate of 16.5%[103]. - The company purchased furniture, equipment, and vehicles for approximately HKD 139,000 during the reporting period, an increase from HKD 106,000 in 2017[110]. - Other income included interest income of HKD 633,000, a decrease from HKD 5,233,000 in the previous year[101]. - The company reported a loss on the sale of property, plant, and equipment amounting to HKD 1, which was an improvement from a loss of HKD 9 in the previous year[101]. - The total expenses related to share-based payment transactions during the reporting period were approximately HKD 1.1 million[125]. - The salaries and other benefits for key management personnel for the six months ended March 31, 2019, totaled HKD 2,950 million, an increase from HKD 2,452 million in the previous year, representing a growth of 20.3%[129].