Revenue Performance - The group's total revenue for the six months ended December 31, 2024, was approximately HKD 314.6 million, an increase of about HKD 45.1 million or 16.7% compared to HKD 269.5 million in the same period of 2023[5] - Revenue from building maintenance services increased by approximately HKD 40.9 million or 16.9% to about HKD 282.6 million, up from approximately HKD 241.7 million in the same period of 2023[12] - Revenue from renovation services rose by approximately HKD 4.0 million or 14.3% to about HKD 31.9 million, compared to approximately HKD 27.9 million in the same period of 2023[12] - Revenue for the six months ended December 31, 2024, was HKD 314,567,000, an increase of 16.7% compared to HKD 269,527,000 for the same period in 2023[45] - For the six months ended December 31, 2024, the total segment revenue was HKD 314,567,000, an increase of 16.7% from HKD 269,527,000 for the same period in 2023[57] Profit and Loss - The group recorded a profit of approximately HKD 2.0 million for the period, compared to a loss of HKD 2.4 million in the same period of 2023, primarily due to a reduction in administrative expenses[17] - The company reported a profit of HKD 1,965,000 for the period, compared to a loss of HKD 2,435,000 in the previous year[45] - The company reported a pre-tax profit of HKD 2,128,000 for the six months ended December 31, 2024, compared to a pre-tax loss of HKD 2,427,000 for the same period in 2023[57] - The basic loss per share for the six months ended December 31, 2024, was HKD 0.03, an improvement from a loss of HKD 0.04 per share in the same period of 2023[65] Administrative Expenses - Administrative expenses decreased by approximately HKD 4.1 million or 19.2% to about HKD 17.2 million, down from approximately HKD 21.3 million in the same period of 2023[15] - Administrative expenses decreased to HKD 17,178,000 from HKD 21,275,000, reflecting a reduction of 19.5%[45] Contracts and Projects - The group had three building maintenance contracts with an estimated total value of approximately HKD 1,345.7 million as of December 31, 2024, down from four contracts valued at approximately HKD 1,610.4 million as of June 30, 2024[6] - The group completed one building maintenance contract during the period[6] - The group was awarded 13 renovation contracts with an estimated total value of approximately HKD 120.0 million during the period, of which two contracts commenced within the same period[10] Cash and Bank Balances - The group's cash and bank balances totaled approximately HKD 40.0 million as of December 31, 2024, down from HKD 46.7 million as of June 30, 2024[18] - The company's cash and cash equivalents decreased to HKD 40,031,000 from HKD 46,677,000, a reduction of approximately 14.0%[51] Shareholder Information - Major shareholder Huiya International Limited holds 3,268,750,000 shares, representing 58.43% of the total shares issued as of December 31, 2024[31] - Another major shareholder, Wen Ting, owns 507,450,000 shares, accounting for 9.07% of the total shares issued as of December 31, 2024[31] Financial Position - The total assets amounted to HKD 219,452,000, showing a slight increase from HKD 216,808,000 as of June 30, 2024[46] - The total liabilities decreased from HKD 83,075,000 to HKD 82,075,000, indicating a reduction of approximately 1.2%[48] - The total liabilities increased to HKD 101,197,000 as of December 31, 2024, from HKD 99,789,000 as of June 30, 2024[60] - The total equity attributable to the owners of the company increased to HKD 135,779,000 from HKD 133,827,000, representing a growth of about 1.5%[48] Future Outlook - The company anticipates stable growth in the building maintenance and renovation contracting services sector in Hong Kong due to economic recovery and ongoing public sector spending on infrastructure and residential projects[28] - The board will continue to review the company's financial position and operations, exploring opportunities for asset sales, acquisitions, business adjustments, and diversification to enhance long-term growth potential[28] Employee Information - The group employed approximately 150 employees as of December 31, 2024, an increase from 148 employees as of June 30, 2024[25] - The total compensation for directors and key management personnel for the six months ended December 31, 2024, is 8,312,000 HKD, an increase from 5,716,000 HKD in the same period of 2023[75] Dividends - The board does not recommend the payment of an interim dividend for the six months ended December 31, 2024, compared to zero in the previous year[27] - The company did not recommend an interim dividend for the six months ended December 31, 2024, consistent with the previous year[64] Compliance and Governance - The company maintained compliance with the public float requirements as per the listing rules throughout the reporting period[42] - The audit committee reviewed the interim financial results, which were not audited but complied with applicable accounting standards[43] - The company has adopted a share option scheme to attract and retain high-quality employees, with a limit of 10% of issued shares for options granted[33] - The company has not granted any stock options since the adoption of the stock option plan on December 18, 2014, and there are no unexercised stock options as of June 30, 2024, and December 31, 2024[70]

Revenue Performance - The group's revenue for the six months ended December 31, 2024, was approximately HKD 314.6 million, an increase of about HKD 45.1 million or 16.7% compared to HKD 269.5 million in the same period of 2023[7] - Revenue from building maintenance services increased by approximately HKD 40.9 million or 16.9% to about HKD 282.6 million, up from approximately HKD 241.7 million in the same period of 2023[14] - Revenue from renovation services rose by approximately HKD 4.0 million or 14.3% to about HKD 31.9 million, compared to approximately HKD 27.9 million in the same period of 2023[14] - For the six months ended December 31, 2024, the total segment revenue was HKD 314,567,000, an increase of 16.7% from HKD 269,527,000 for the same period in 2023[59] Profitability - Gross profit for the period was approximately HKD 17.5 million, a slight increase from HKD 17.0 million in the same period of 2023, with a gross profit margin of about 5.6%[15] - The company reported a profit before tax of HKD 2,128,000, a significant recovery from a loss of HKD 2,427,000 in the previous year[47] - Net profit for the period was HKD 1,965,000, compared to a loss of HKD 2,435,000 in the prior year[47] - The group recorded a profit of approximately HKD 2.0 million for the period, compared to a loss of HKD 2.4 million in 2023, primarily due to a reduction in administrative expenses[19] - The basic and diluted earnings per share for the period were HKD 0.03, recovering from a loss of HKD 0.04 per share in 2023[47] Expenses and Costs - Administrative expenses decreased by approximately HKD 4.1 million or 19.2% to about HKD 17.2 million, attributed to reduced operating costs[17] - Financing costs remained low at approximately HKD 131,000, an increase from HKD 64,000 in the same period of 2023, mainly due to increased lease liabilities[18] - The financing costs for the six months ended December 31, 2024, were HKD 131,000, up from HKD 64,000 in the same period of 2023[63] Cash Flow and Financial Position - As of December 31, 2024, the total cash and bank balances amounted to approximately HKD 40.0 million, down from HKD 46.7 million as of June 30, 2024[20] - The net cash used in operating activities was HKD 5,569,000, an improvement from HKD 25,973,000 in the previous year, indicating better cash flow management[53] - Cash and cash equivalents decreased to HKD 40,031,000 from HKD 46,677,000, reflecting a net decrease of HKD 6,646,000 during the period[53] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 219,452,000, slightly up from HKD 216,808,000 as of June 30, 2024[48] - The total liabilities increased to HKD 101,197,000 as of December 31, 2024, from HKD 99,789,000 as of June 30, 2024[62] - Current liabilities increased to HKD 98,947,000 from HKD 96,879,000, indicating a rise in operational obligations[48] Contracts and Business Operations - The group had three building maintenance contracts with an estimated total value of approximately HKD 1,345.7 million as of December 31, 2024, down from four contracts valued at approximately HKD 1,610.4 million as of June 30, 2024[8] - The group secured 13 renovation contracts with an estimated total value of approximately HKD 120.0 million during the reporting period, with two contracts starting within the same period[12] - The group completed one building maintenance contract during the reporting period[10] Shareholder Information - Major shareholder Huiya International Limited holds 3,268,750,000 shares, representing 58.43% of the total shares issued as of December 31, 2024[33] - Another significant shareholder, Wen Ting, owns 507,450,000 shares, accounting for 9.07% of the total shares[33] Corporate Governance - The company has maintained compliance with the corporate governance code throughout the reporting period, with no significant deviations noted[39] - The audit committee, chaired by Mr. Wang Xiaojia, has reviewed the interim financial results, ensuring compliance with applicable accounting standards[45] - The company confirms that it has maintained the required public float as per listing rules during the reporting period[44] Employee Information - The group employed approximately 150 staff as of December 31, 2024, an increase from 148 staff as of June 30, 2024[27] - The total short-term employee benefits for key management personnel amounted to HKD 8,312,000 for the six months ended December 31, 2024, an increase from HKD 5,716,000 for the same period in 2023[77] Future Outlook - The company anticipates stable growth in the building maintenance and renovation contracting services sector in Hong Kong, driven by economic recovery and ongoing public sector spending on infrastructure and residential projects[30] - The board will continue to review the company's financial position and operations, exploring opportunities for asset sales, acquisitions, business adjustments, and diversification to enhance long-term growth potential[30]

Financial Performance - For the fiscal year ending June 30, 2024, the company reported revenue of approximately HKD 528.9 million, an increase of about HKD 42.5 million or 8.7% compared to HKD 486.4 million in the same period last year[4]. - The comprehensive income attributable to the owners of the company turned from a loss of approximately HKD 1.3 million in the previous year to a comprehensive income of approximately HKD 2.5 million this year[4]. - Basic and diluted earnings per share for the year were approximately HKD 0.07, compared to a loss of HKD 0.02 per share in the previous year[4]. - The group recorded a profit of approximately HKD 3.9 million for the year, compared to a loss of HKD 1.3 million in the previous year, primarily due to increased revenue from building maintenance services[23]. - Revenue from building maintenance services increased by approximately HKD 105.7 million or 28% to about HKD 482.9 million for the year ended June 30, 2024, due to the completion of more engineering orders[17]. - Gross profit for the year was approximately HKD 33.5 million, an increase of about HKD 6.8 million, with a gross margin of 6.3%, up from 5.5% in the previous year[18]. - The net profit for the year was HKD 3,888,000, compared to a net loss of HKD 1,294,000 in 2023, indicating a turnaround in performance[145]. Contracts and Business Development - The company secured a maintenance contract valued at approximately HKD 374.1 million, which commenced in July 2024[5]. - The company successfully obtained 10 renovation contracts with a total estimated value of approximately HKD 34.13 million, of which 4 contracts started within the fiscal year[6]. - As of June 30, 2024, the company had 4 maintenance contracts with an estimated total value of approximately HKD 1,610 million, compared to HKD 1,587 million for the same number of contracts in the previous year[11]. - The company had 15 renovation contracts on hand with an estimated total value of approximately HKD 152.7 million, an increase from HKD 146.5 million for 13 contracts in the previous year[12]. - The board anticipates stable growth in the building maintenance and renovation services industry due to ongoing public sector spending on infrastructure and residential projects[8]. Financial Position and Cash Flow - As of June 30, 2024, the equity attributable to the owners of the company was approximately HKD 133.8 million, a slight increase of 1.8% from HKD 131.4 million in the previous year[4]. - As of June 30, 2024, the group had cash and bank balances totaling approximately HKD 46.7 million, down from HKD 83.6 million in the previous year[24]. - The capital-to-debt ratio increased to approximately 3.3% as of June 30, 2024, compared to 1.3% in the previous year, due to a significant increase in lease liabilities[28]. - Operating cash flow for the year ended June 30, 2024, was HKD 4,489,000, a decrease of 48.3% from HKD 8,702,000 in 2023[152]. - Cash and cash equivalents decreased by HKD 36,927,000, ending the year at HKD 46,677,000, down from HKD 83,604,000 at the beginning of the year[152]. Corporate Governance - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring compliance with corporate governance codes[92]. - The company has adopted a board diversity policy, considering factors such as gender, age, cultural background, and professional experience for sustainable development[91]. - The board has established three committees: audit committee, remuneration committee, and nomination committee, to oversee specific aspects of the company's affairs[90]. - The company emphasizes the importance of internal controls and risk management in its operations[106]. - The independent auditor's report confirms that the consolidated financial statements fairly reflect the group's financial position as of June 30, 2024, in accordance with Hong Kong Financial Reporting Standards[128]. Compliance and Risk Management - The company recognizes the importance of compliance with regulatory requirements and has taken steps to minimize risks of violations[80]. - The company has complied with all corporate governance code provisions, except for a minor deviation regarding the timely distribution of board meeting documents[87]. - The audit committee reviewed the accounting principles and policies adopted by the group for the audited consolidated financial statements[84]. - The company has established quality and environmental management systems, obtaining ISO 9001 and ISO 14001 certifications for its building maintenance services[47]. - The company has not identified any significant uncertainties that may cast doubt on its ability to continue as a going concern[119]. Shareholder Information - The board does not recommend the payment of a final dividend for the current year (2023: none)[34]. - The company has adopted a shareholder communication policy to facilitate informed investment decisions[118]. - Shareholders can request a special general meeting if they hold at least 10% of the paid-up capital, with the meeting to be held within two months of the request[121]. - The company has established a website to provide the latest information on business operations, financial data, and corporate governance practices[118]. - The company has a policy for the reappointment of directors every three years, with at least one-third of directors retiring at each annual general meeting[102]. Employee and Management Information - The number of employees increased to approximately 148 as of June 30, 2024, from 120 in the previous year, reflecting the company's growth strategy[33]. - The remuneration for directors and senior management is determined by the company's remuneration committee based on qualifications, experience, and current market conditions[63]. - The company provides ongoing training and professional development for all directors to ensure they fulfill their responsibilities effectively[99]. - The company has adopted a share option plan to attract and retain high-quality employees, allowing for a maximum issuance of shares not exceeding 30% of the total issued shares at any time[55]. - The attendance of independent non-executive directors at board meetings was 100% for the fiscal year[100].

Financial Performance - The total revenue for the year ended June 30, 2024, was HKD 528,910,000, representing an increase of 8.7% compared to HKD 486,378,000 in the previous year[1] - Gross profit for the same period was HKD 33,480,000, up from HKD 26,706,000, indicating a significant improvement in profitability[1] - The net profit for the year was HKD 3,888,000, a turnaround from a net loss of HKD 1,294,000 in the previous year[1] - The company reported a total comprehensive income of HKD 2,500,000, compared to a comprehensive loss of HKD 1,294,000 in the prior year[2] - Basic and diluted earnings per share for the year were HKD 0.07, recovering from a loss per share of HKD 0.02 in the previous year[2] - The total profit before tax for the fiscal year ending June 30, 2024, was HKD 3,876,000, a recovery from a loss of HKD 1,225,000 in the previous year[12] - The profit for the year was approximately HKD 3.9 million, a significant increase of about HKD 5.2 million or 400% compared to a loss of HKD 1.3 million in the previous year[26] Assets and Liabilities - Total assets as of June 30, 2024, amounted to HKD 234,201,000, a slight increase from HKD 225,838,000 in the previous year[3] - Current assets included trade and other receivables of HKD 66,359,000, up from HKD 64,231,000, reflecting improved receivables management[3] - Total liabilities increased to HKD 99,789,000 from HKD 93,847,000, primarily due to higher trade and other payables[4] - The total contract assets amounted to HKD 69.861 million, a slight decrease from HKD 70.330 million in the previous year[23] - The debt-to-equity ratio increased to approximately 3.3% from 1.3% in 2023, attributed to a significant increase in lease liabilities[41] Revenue Segments - The maintenance segment generated revenue of HKD 482,944,000, while the renovation segment contributed HKD 45,966,000, indicating a significant increase in maintenance revenue compared to HKD 377,186,000 in the previous year[12] - The revenue from building maintenance services increased by approximately HKD 105.7 million or 28% to about HKD 482.9 million, while revenue from renovation services decreased by approximately HKD 63.2 million or 58% to about HKD 46.0 million[32] - The company has one major customer contributing over 10% of total revenue, with this customer generating HKD 482,944,000 in the current year, up from HKD 377,187,000 in the previous year[14] Operational Highlights - The company continues to focus on expanding its building maintenance and renovation services, which are its core business operations[5] - The company aims to focus on opportunities in its core business of building maintenance, particularly in the public sector, while also seeking new projects in the private sector as awareness of building renovations increases in Hong Kong[31] - The company successfully secured a new building maintenance contract valued at approximately HKD 374.1 million, which commenced in July 2024[29] - The company completed 1 building maintenance contract during the year[27] - The company had 4 building maintenance contracts with an estimated contract value of approximately HKD 1,610 million as of June 30, 2024, compared to HKD 1,587 million in the previous year[27] Expenses and Costs - Administrative expenses decreased by approximately HKD 1.6 million or 4.5% to about HKD 34.1 million due to reduced operating costs[35] - The finance costs for the fiscal year ending June 30, 2024, were HKD 89,000, a decrease from HKD 244,000 in the previous year[15] - Financing costs decreased to approximately HKD 0.1 million from HKD 0.3 million in 2023, primarily due to a reduction in finance lease obligations[36] Compliance and Governance - The company has adopted new accounting standards effective from July 1, 2023, which are not expected to have a significant impact on current or future periods[7] - The company is currently evaluating the impact of new accounting standards on its financial statements, particularly the significant changes introduced by HKFRS 18, effective from January 1, 2027[9] - The company is reassessing its accounting policy disclosures to ensure compliance with revised requirements, indicating a proactive approach to regulatory changes[9] - The board of directors consists of three executive directors and three independent non-executive directors[52] - The chairman of the board is Ms. Ma Huijun[52] Other Information - The company had no dividends declared or proposed for the fiscal year ending June 30, 2024, consistent with the previous year[16] - The group recorded a profit of approximately HKD 3.9 million compared to a loss of HKD 1.3 million in 2023, mainly due to increased maintenance revenue and improved gross margins in two segments[38] - As of June 30, 2024, the group had cash and bank balances totaling approximately HKD 46.7 million, down from HKD 83.6 million in 2023[39] - The actual tax rate for the current year was approximately 0.31%, compared to -5.6% in 2023, primarily due to changes in deferred tax[37] - The group has provided a performance guarantee of HKD 1.25 million as of June 30, 2024, down from HKD 2.449 million in 2023[45] - The group employed approximately 148 staff as of June 30, 2024, an increase from 120 in 2023[46] - The annual report will be published on the company's and the Hong Kong Stock Exchange's websites at an appropriate time[52]

Revenue and Profitability - The total revenue for the six-month period ending December 31, 2023, was approximately HKD 269.5 million, an increase of about HKD 22.4 million or 9.1% compared to HKD 247.1 million in the same period of 2022[5] - Revenue from building maintenance services increased by approximately HKD 56.4 million or 30.4% to about HKD 241.7 million, up from approximately HKD 185.3 million in the same period of 2022[12] - The gross profit for the period was approximately HKD 17.0 million, an increase of about HKD 4.8 million, with a gross profit margin of approximately 6.3%, up from 4.9% in 2022[13] - Revenue for the six months ended December 31, 2023, was HKD 269,527,000, an increase from HKD 247,060,000 in the same period of 2022, representing an increase of approximately 9.2%[50] - The gross profit for the same period was HKD 16,955,000, compared to HKD 12,208,000 in 2022, indicating a growth of about 39.1%[50] - The segment profit for building maintenance was 15,340 thousand HKD, up 62.5% from 9,433 thousand HKD in the previous year, while the renovation segment profit decreased to 1,615 thousand HKD from 2,775 thousand HKD[72] Losses and Expenses - The group recorded a loss of approximately HKD 2.4 million for the period, compared to a loss of HKD 0.95 million in 2022, primarily due to increased administrative expenses[22] - The loss before tax for the six months was HKD 2,427,000, worsening from a loss of HKD 996,000 in the previous year[50] - The total comprehensive loss for the period was HKD 2,435,000, compared to a loss of HKD 953,000 in the same period last year[50] - Administrative expenses rose by approximately HKD 9.2 million or 76% to about HKD 21.3 million, up from approximately HKD 12.1 million in the same period of 2022[20] - The company reported a basic and diluted loss per share of HKD 0.04, compared to HKD 0.02 in the previous year[50] - The company reported a loss of HKD 2,436,000 for the six months ended December 31, 2023, compared to a loss of HKD 969,000 for the same period in 2022[80] Cash Flow and Financial Position - As of December 31, 2023, the group's cash and bank balances totaled approximately HKD 58.4 million, down from HKD 83.6 million as of June 30, 2023[22] - The net cash used in operating activities was (25,973) thousand HKD, compared to (11,448) thousand HKD for the same period in 2022, representing an increase in cash outflow of 127.5%[58] - The cash and cash equivalents at the end of the period were 58,362 thousand HKD, an increase from 34,396 thousand HKD at the end of the previous year[58] - The net cash generated from investing activities was 1,922 thousand HKD, a decrease of 63.3% from 5,231 thousand HKD in the same period of 2022[58] Assets and Liabilities - Total assets as of December 31, 2023, were HKD 242,301,000, an increase from HKD 220,754,000 as of June 30, 2023[51] - Current liabilities increased to HKD 115,732,000 from HKD 92,929,000, reflecting a rise of approximately 24.5%[51] - The total liabilities as of December 31, 2023, were 116,960 thousand HKD, an increase of 24.7% from 93,847 thousand HKD as of June 30, 2023[74] - The net asset value decreased to HKD 129,478,000 from HKD 131,991,000, a decline of about 1.9%[53] Contracts and Business Operations - The company had three building maintenance contracts with an estimated total value of approximately HKD 1,236 million as of December 31, 2023, down from four contracts valued at approximately HKD 1,587 million as of June 30, 2023[6] - The company secured five new renovation contracts during the period, with an estimated total value of approximately HKD 21.86 million, which have not yet commenced[10] - The company aims to continue focusing on opportunities in its core business of building maintenance, particularly in the public sector[11] - The company anticipates stable growth in the building maintenance and renovation contracting services sector in Hong Kong due to economic recovery and ongoing public sector spending on infrastructure and residential projects[33] Shareholder and Governance Information - As of December 31, 2023, the company has a total of 3,268,750,000 shares held by Huaiya International Limited, representing 58.43% of the total issued shares of 5,594,000,000[35] - The board does not recommend the payment of an interim dividend for the six months ended December 31, 2023, compared to zero in 2022[32] - The company has complied with all relevant provisions of the Corporate Governance Code during the reporting period, except for the failure to hold an annual general meeting since December 4, 2020[42] - The company will hold an annual general meeting where directors will retire and seek re-election, addressing compliance with the Corporate Governance Code[42] Stock Options and Employee Benefits - The company has not granted any stock options since adopting the plan, and there are no unexercised stock options at the end of the period[37] - The stock options plan was adopted to attract and retain high-quality employees and provide additional incentives to various stakeholders[39] - The exercise price of the stock options will not be lower than the higher of the closing price on the grant date or the average closing price over the five trading days preceding the grant date[40] - Short-term benefits for the six months ended December 31, 2023, amounted to HKD 5,716,000, a significant increase from HKD 428,000 in the same period of 2022[94]

Financial Performance - The company reported a loss of approximately HKD 2,436,000 for the six months ended December 31, 2023, compared to a loss of HKD 969,000 for the same period in 2022[1]. - The basic loss per share increased to HKD (0.04) from HKD (0.02) year-on-year[1]. - The group reported a loss of HKD 2,436,000 for the six months ended December 31, 2023, compared to a loss of HKD 969,000 for the same period in 2022[15]. - The group’s total comprehensive loss for the period was HKD 2,436,000, reflecting a significant increase in losses compared to the previous period[15]. - The company incurred a loss of HKD 2,435 thousand for the period, which is a significant increase from a loss of HKD 953 thousand in the prior year, reflecting a rise of approximately 155.5%[46]. Revenue and Profitability - Revenue from renovation services decreased by approximately HKD 33,900,000 or 54.9% to about HKD 27,900,000, primarily due to the completion of a contract with the Vocational Training Council[14]. - For the six months ending December 31, 2023, the company reported revenue of HKD 269,527 thousand, an increase from HKD 252,572 thousand in the same period of 2022, representing a growth of approximately 6.3%[46]. - Revenue from building maintenance services increased by approximately HKD 56.4 million or 30.4%, reaching about HKD 241.7 million compared to HKD 185.3 million in the same period last year[59]. - The gross profit for the same period was HKD 16,955 thousand, compared to HKD 12,208 thousand in the previous year, indicating a year-on-year increase of about 39.2%[46]. - The group’s building maintenance segment reported a profit of HKD 9,433,000, while the renovation segment contributed HKD 2,775,000 to the total profit of HKD 12,208,000[98]. Expenses and Liabilities - Administrative expenses increased by approximately HKD 9.2 million or 76% to approximately HKD 21.3 million during the period, primarily due to increased operating costs[137]. - The group’s total liabilities as of December 31, 2023, were HKD 116,960,000, up from HKD 93,847,000 as of June 30, 2023[100]. - The group’s trade and other payables as of December 31, 2023, totaled HKD 101,696,000, an increase from HKD 79,211,000 as of June 30, 2023[105]. Cash Flow and Assets - As of December 31, 2023, the company had cash and bank balances totaling approximately HKD 58,400,000, down from HKD 83,600,000 as of June 30, 2023[32]. - The net cash used in operating activities was HKD (25,973) thousand, compared to HKD (11,448) thousand for the same period in 2022, indicating a significant increase in cash outflow[175]. - The total cash and cash equivalents at the end of the period were HKD 58,362 thousand, an increase from HKD 34,396 thousand at the end of the previous year, representing a growth of 69.8%[175]. - As of December 31, 2023, the company's net asset value was HKD 129,478 thousand, a decrease from HKD 131,991 thousand as of June 30, 2023[48]. Contracts and Business Operations - The company did not secure any new contracts during the period, but was awarded five renovation contracts with an estimated total value of approximately HKD 21.86 million[58]. - The group completed 5 renovation contracts during the period, with a nominal or estimated contract value of approximately HKD 155.49 million as of December 31, 2023, compared to HKD 146.5 million as of June 30, 2023[132]. - The group has 13 renovation contracts on hand as of December 31, 2023, with an estimated contract value of approximately HKD 155.49 million, indicating a focus on core business opportunities in building maintenance[134]. Corporate Governance and Compliance - The company’s audit committee reviewed the interim financial results, which were prepared in compliance with applicable accounting standards and regulations[45]. - The company has adhered to all corporate governance code provisions during the reporting period, except for the absence of a shareholders' meeting since December 4, 2020[42]. - The board will continue to review the company's financial position and operations, formulating long-term business plans and strategies[161]. Employee and Workforce - As of December 31, 2023, the company had approximately 139 employees, an increase from 120 employees as of June 30, 2023, indicating a growth in workforce[189]. - The board of directors is committed to reviewing compensation schemes regularly to ensure competitiveness and retention of high-quality employees[189].

Financial Performance - The group's revenue for the year was approximately HKD 486.4 million, an increase of about HKD 188.8 million or 63.4% compared to HKD 297.6 million in the previous year[10]. - The gross profit for the year reached approximately HKD 26.7 million, an increase of about HKD 15.0 million, with a gross profit margin of 5.5% compared to 3.9% in the previous year[43]. - Revenue from renovation services increased by approximately HKD 13.9 million or 14.6% to about HKD 109.2 million for the year[15]. - The group recognized revenue of approximately HKD 486,378,000 from building maintenance and renovation services for the year ended June 30, 2023, with contract assets amounting to about HKD 70,330,000[135]. Contracts and Maintenance - As of June 30, 2023, the estimated value of maintenance contracts held by the group was approximately HKD 1,587 million, up from HKD 1,170 million as of June 30, 2022[11]. - The group has a total of 4 maintenance contracts with an estimated value of approximately HKD 1,587 million as of June 30, 2023[11]. - The group successfully secured a contract with an estimated value of approximately HKD 417.4 million, which commenced in October 2023[5]. Expenses and Costs - Administrative expenses rose by approximately HKD 7.4 million or 26.1% to about HKD 35.7 million due to increased operational costs[17]. - The largest subcontractor accounted for approximately 25.3% of the group's total service costs, down from 30.9% in 2022, while the top five subcontractors accounted for about 73.7% of total service costs, down from 77.5% in 2022[84]. - The largest customer represented approximately 77.6% of the group's total revenue, an increase from 68% in 2022, with the top five customers accounting for 100% of total revenue[84]. Shareholder Information - The group did not recommend the payment of a final dividend for the year, consistent with the previous year[23]. - The total number of shares available for issuance under the plan is 559,400,000 shares, accounting for 10% of the company's issued share capital[92]. - Mr. Dai Jian holds 3,268,750,000 shares, representing 58.43% of the total shares[103]. - The company has maintained the required public float ratio as per listing rules throughout the year[85]. Governance and Compliance - The company is committed to complying with regulatory requirements and has minimized risks of violations[88]. - There are no known significant legal or regulatory violations that could impact the company's business and operations[88]. - The company has not entered into any management contracts involving a significant portion of its business during the year[97]. - The group has adopted high standards of corporate governance practices[125]. - The company emphasizes the importance of a comprehensive corporate governance management structure to ensure effective implementation of strategies and policies[142]. - The company has confirmed that all current board members have adhered to the trading standards set out in the Listing Rules during the fiscal year[145]. Audit and Financial Reporting - The consolidated financial statements for the year ended June 30, 2023, have been audited by KPMG[110]. - The audit committee has reviewed the accounting principles and policies adopted by the group for the year[109]. - The independent auditor's report indicates that the financial statements fairly reflect the group's financial position as of June 30, 2023[130]. - The key audit matter identified was the impairment of trade receivables and contract assets, which involved significant management judgment and estimates[135]. - The audit committee is responsible for overseeing the financial reporting process of the group[118]. Credit Losses and Receivables - As of June 30, 2023, the total trade receivables and contract assets amounted to approximately HKD 62,405,000 and HKD 70,468,000 respectively, with impairment provisions of approximately HKD 182,000 and HKD 138,000[112]. - The group applied the simplified approach under HKFRS 9 to measure expected credit losses for trade receivables and contract assets[112]. - The expected credit loss rate is determined based on default risk, historical credit loss experience, and aging of overdue receivables, adjusted for current and forward-looking information[112]. - The group engaged external valuation experts to assist in the assessment of expected credit losses for trade receivables and contract assets as of June 30, 2023[114]. Board and Management Structure - The board consists of seven members, including four executive directors and three independent non-executive directors[165]. - The chairman and CEO roles are separated, with the chairman being Ms. Ma and the CEO being Mr. Dai until June 14, 2023, when Mr. Huang took over[170]. - The board has delegated daily management and operational responsibilities to senior management, with three committees established for oversight: audit, remuneration, and nomination[148]. - The company has adopted a shareholder communication policy to ensure timely access to comprehensive and understandable information regarding financial performance and strategic goals[187]. Meetings and Communication - The company has not held an annual general meeting since December 4, 2020, resulting in no directors retiring or being re-elected by shareholders[159]. - The company plans to hold at least four regular board meetings annually, with additional meetings arranged as needed[174]. - The audit committee held two meetings during the year to review the financial performance for the periods ending June 30, 2021, and June 30, 2022[179]. - All directors attended the board meetings, committee meetings, and shareholder meetings for the fiscal year 2023[197].

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，並明確表示不會就本公告全部或任何部分 內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 CHINA SUPPLY CHAIN HOLDINGS LIMITED 中國供應鏈產業集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：3708） 截至二零二三年六月三十日止年度 之全年業績公告 業績 中國供應鏈產業集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然提呈本公司 及其附屬公司（「本集團」）截至二零二三年六月三十日止年度（「本年度」）之綜合經審 核業績如下： 綜合損益及其他全面收益表 截至二零二三年六月三十日止年度 二零二三年 二零二二年 附註 千港元 千港元 收益 3 486,378 297,564 銷售成本 (459,672) (285,826) | --- | --- | --- | |-----------------------------------------|----------|----------| | 毛利 | 26,706 | 11,738 | | ...

Revenue and Profitability - Revenue for the six months ended December 31, 2020, was approximately HKD 174.6 million, a decrease of about HKD 27.6 million or 13.6% compared to HKD 202.2 million in the same period last year[5]. - Gross profit for the period was approximately HKD 11.0 million, slightly up from HKD 10.6 million in the previous year, with a gross profit margin of approximately 6.3% compared to 5.2% in the previous year[13]. - The group recorded a profit of approximately HKD 1.3 million for the period, compared to a loss of HKD 2.2 million in 2019, primarily due to subsidies received from the "Employment Support Scheme" and the reversal of impairment on trade and other receivables[17]. - The company achieved a profit before tax of HKD 1,100,000, a significant improvement from a loss of HKD 2,190,000 in the previous year[46]. - The net profit for the period was HKD 1,258,000, compared to a loss of HKD 2,190,000 in the same period of 2019, marking a turnaround[46]. - Total comprehensive income for the period was HKD 1,258,000, up from HKD 351,000 in the previous year, reflecting a substantial increase[46]. - Basic and diluted earnings per share for the period were HKD 0.022, compared to HKD 0.004 in the same period of 2019, showing a significant improvement[46]. - The company reported a profit of HKD 1,232,000 for the six months ended December 31, 2020, compared to a profit of HKD 244,000 for the same period in 2019, reflecting a significant increase of 404.9%[62]. - Basic earnings per share for the six months ended December 31, 2020, were HKD 0.022, compared to HKD 0.004 for the same period in 2019, marking a rise of 450%[68]. Contracts and Business Operations - The estimated contract value of maintenance contracts as of December 31, 2020, was approximately HKD 552.4 million, down from HKD 553.3 million as of June 30, 2020[6]. - The company successfully secured one maintenance contract during the period with an estimated contract value of approximately HKD 302.2 million[8]. - There were no new renovation service contracts awarded during the period[9]. - The estimated contract value of renovation contracts as of December 31, 2020, remained unchanged at approximately HKD 125.1 million[7]. - The company aims to focus on opportunities in its core business of building maintenance, particularly in the public sector[10]. Financial Position and Cash Flow - As of December 31, 2020, the group's total cash and bank balances amounted to approximately HKD 30.4 million, down from HKD 37.1 million as of June 30, 2020[18]. - The group's debt-to-equity ratio increased to approximately 1.5% as of December 31, 2020, compared to 0.2% as of June 30, 2020, due to an increase in lease liabilities[20]. - The net cash flow from operating activities for the six months ended December 31, 2020, was a negative HKD 3,057 million, compared to a positive HKD 263 million in the same period of 2019[50]. - Cash and cash equivalents decreased to HKD 30,423 million from HKD 37,076 million, a decline of approximately 17.8%[50]. - The company's total equity increased to HKD 151,682 million from HKD 150,424 million, reflecting a growth of about 0.8%[48]. - Total liabilities increased to HKD 111,509 million from HKD 100,831 million, marking an increase of approximately 10.7%[48]. - Total liabilities as of December 31, 2020, were HKD 112,989,000, up from HKD 101,752,000 as of June 30, 2020, indicating an increase of about 11.9%[58]. Administrative and Other Expenses - Administrative expenses decreased by approximately HKD 0.31 million or 2.2% to approximately HKD 13.9 million compared to HKD 14.2 million in the previous year[15]. - Financing costs decreased by approximately HKD 29,000 or 45.3% to approximately HKD 35,000 due to reduced bank borrowings[16]. - Other income included a subsidy of approximately HKD 3.21 million from the Hong Kong government's "Employment Support Scheme" during the period[14]. - The total short-term benefits and retirement benefits for key management personnel for the six months ended December 31, 2020, amounted to HKD 2,797,000, a decrease from HKD 4,970,000 for the same period in 2019[82]. Corporate Governance and Compliance - The board of directors was restructured, and compliance with listing rules was restored following the appointment of new independent non-executive directors[41]. - The company has adopted and complied with all corporate governance code provisions during the period[42]. - The company did not recommend the payment of an interim dividend for the six months ended December 31, 2020, consistent with the previous year[28]. Assets and Liabilities - Non-current assets as of December 31, 2020, totaled HKD 3,287 million, a decrease from HKD 3,845 million as of June 30, 2020, representing a decline of approximately 14.5%[47]. - Current assets increased to HKD 258,710 million from HKD 247,891 million, reflecting an increase of about 4.9%[47]. - The group had no significant contingent liabilities as of December 31, 2020, and no major events affecting the group occurred after the reporting period[27][25]. - The group’s lease liabilities amounted to approximately HKD 617,000 as of December 31, 2020, compared to none as of June 30, 2020[18]. - The company acquired property, plant, and equipment worth approximately HKD 219,000 during the six months ended December 31, 2020[69]. - As of December 31, 2020, the performance guarantee deposit was HKD 1,250,000, unchanged from June 30, 2020[79]. - As of December 31, 2020, the group has pledged bank deposits of approximately HKD 1,261,000, a decrease from HKD 1,435,000 as of June 30, 2020[80]. - The group has financing lease obligations secured by the ownership of rental vehicles valued at approximately HKD 917,000 as of December 31, 2020, compared to zero as of June 30, 2020[80].

Financial Performance - For the fiscal year ending June 30, 2020, the company reported revenue of approximately HKD 380.5 million, a decrease of about HKD 35.0 million or 8.4% compared to HKD 415.5 million in the previous year[8]. - The company's total comprehensive expenses attributable to owners increased by approximately HKD 1.9 million or 18.8% to HKD 12.0 million, compared to HKD 10.1 million in the previous year[8]. - Basic and diluted earnings per share for the year were approximately HKD 0.26, compared to HKD 0.24 in the previous year[9]. - As of June 30, 2020, the equity attributable to owners of the company was HKD 149.8 million, a decrease of 7.4% from HKD 161.8 million in the previous year[10]. - Revenue from building maintenance services decreased by approximately HKD 123.5 million or 33.1% to about HKD 249.7 million compared to the previous year[24]. - Revenue from renovation services increased by approximately HKD 88.5 million or 209.2% to about HKD 130.8 million, primarily due to the full-year impact of a contract that started in April 2019[24]. - Gross profit from continuing operations was approximately HKD 18.1 million, a decrease of about HKD 12.9 million, with a gross profit margin of approximately 4.8% compared to 7.5% in the previous year[24]. - The group recorded a loss of approximately HKD 14.5 million for the year, a decrease of about 55.9% from a loss of HKD 9.3 million in the previous year[29]. - The company's revenue from continuing operations for the year ended June 30, 2020, was HKD 380,505,000, a decrease of 8.4% compared to HKD 415,529,000 in 2019[187]. - Gross profit for the same period was HKD 18,123,000, down from HKD 30,971,000, indicating a significant decline in profitability[187]. - The company reported a loss from continuing operations of HKD 14,509,000 for the year, compared to a loss of HKD 9,253,000 in the previous year, reflecting a worsening financial position[187]. - Total comprehensive income for the year was HKD (11,968,000), a decrease from HKD (16,793,000) in 2019, showing an improvement in overall losses despite the ongoing challenges[190]. Contracts and Services - The company secured a contract with an estimated value of approximately HKD 302.2 million for maintenance services, which commenced in October 2020[11]. - The company was awarded three renovation contracts with a total estimated value of approximately HKD 11.4 million, all of which started in the current fiscal year[19]. - The company currently holds three maintenance contracts with a total estimated value of approximately HKD 553.3 million, compared to two contracts valued at HKD 522.4 million in the previous year[16]. - The company has four renovation contracts with an estimated value of approximately HKD 125.1 million, down from eight contracts valued at HKD 175.3 million in the previous year[17]. COVID-19 Impact - The company is closely monitoring the potential impacts of the COVID-19 pandemic on its financial condition and operational performance, anticipating negative effects on its performance in 2020 and 2021[12]. Corporate Governance - The company is committed to maintaining high standards of corporate governance, adhering to all code provisions outlined in the corporate governance code[115]. - The board consists of nine directors, including four executive directors, one non-executive director, and four independent non-executive directors[120]. - The company has adopted a diversity policy for board members to achieve sustainable and balanced development[122]. - The independent non-executive directors are confirmed to be independent and have no relationships that could significantly affect their judgment[130]. - The company has established three committees: Audit Committee, Nomination Committee, and Remuneration Committee, each with defined written terms of reference[137]. Financial Position - As of June 30, 2020, the group had cash and bank balances totaling approximately HKD 37.1 million, down from HKD 48.2 million in the previous year[30]. - The debt-to-equity ratio decreased to approximately 0.2% from 1.8% in the previous year, due to a significant reduction in finance lease obligations and bank borrowings[32]. - The company's total assets as of June 30, 2020, were HKD 247,891,000, an increase from HKD 214,171,000 in 2019, indicating growth in asset base[191]. - Current liabilities increased significantly to HKD 100,831,000 from HKD 67,785,000, suggesting rising financial obligations[191]. - The net asset value decreased to HKD 150,424,000 from HKD 162,392,000, reflecting a decline in shareholder equity[193]. - The company had cash and cash equivalents of HKD 37,076,000, down from HKD 48,172,000, indicating a reduction in liquidity[191]. Shareholder Information - The board did not recommend the payment of a final dividend for the year, consistent with the previous year[41]. - The company’s distributable reserves as of June 30, 2020, were approximately HKD 18.7 million, down from HKD 25 million in 2019[71]. - The company has not issued any share options since the adoption of the share option scheme in December 2014, and there are no unexercised options at the reporting date[84]. - The total issued share capital as of June 30, 2020, was 5,594,000,000 shares with a par value of HKD 0.002 per share[76]. - Mr. Dai Jian holds 3,268,750,000 shares, representing 58.43% of the total shares[97]. - The company maintained the required public float ratio as per listing rules throughout the year[105]. Management and Operations - The management team includes experienced individuals with backgrounds in supply chain management and finance, enhancing the company's operational capabilities[43][46][48]. - The company has not established any equity-linked agreements during the year[80]. - The company has not purchased, sold, or redeemed any of its listed securities during the year[86]. - The company made charitable donations totaling HKD 13,200 during the year, compared to zero in the previous year[72]. Audit and Compliance - The independent auditor's report confirms that the consolidated financial statements fairly reflect the group's financial position as of June 30, 2020[166]. - The audit was conducted in accordance with Hong Kong auditing standards, ensuring the independence of the auditors[167]. - The group confirmed that there were no significant misstatements in the financial statements based on the audit procedures performed[176]. - The auditor's responsibility includes identifying and assessing risks of material misstatement due to fraud or error in the financial statements[180].