Revenue Performance - The revenue for the six months ended December 31, 2019, was approximately HKD 202.2 million, a decrease of about HKD 37.7 million or 15.7% compared to HKD 239.9 million in the same period last year[5]. - Revenue from building maintenance services decreased by approximately HKD 81.5 million or 37.7% to about HKD 134.5 million, primarily due to no new contracts awarded during the period[13]. - Revenue from renovation services increased by approximately HKD 44.8 million or 196.5% to about HKD 67.6 million, mainly due to the commencement of a project for the Vocational Training Council contributing HKD 43.2 million[13]. - Revenue for the six months ended December 31, 2019, was HKD 202,155,000, a decrease of 15.7% compared to HKD 239,910,000 for the same period in 2018[50]. - Total revenue for the building maintenance and renovation segments was HKD 239,910,000, with building maintenance contributing HKD 215,974,000 and renovation contributing HKD 22,837,000[86]. Profit and Loss - The gross profit for the period was approximately HKD 10.6 million, a decrease of about HKD 8.3 million, with a gross profit margin of approximately 5.2% compared to 7.9% in the previous year[14]. - The company reported a loss of approximately HKD 2.2 million, a significant increase of about HKD 6.6 million or 150 times compared to a profit of approximately HKD 4.4 million in the same period last year[20]. - The group reported a total profit before tax of HKD 6,037,000 for the six months ended December 31, 2019, compared to a profit of HKD 10,571,000 for the same period in 2018, indicating a decline[86]. - The profit margin for the building maintenance segment was approximately 7.8%, while the renovation segment had a profit margin of about 5.9%[86]. - Total comprehensive income for the period was HKD 351,000, significantly lower than HKD 1,546,000 in the prior year[50]. Expenses and Costs - Administrative expenses decreased by approximately HKD 9.6 million or 40.3% to about HKD 14.2 million due to reduced operating costs[16]. - Financing costs decreased by approximately HKD 2.6 million or 96.3% to about HKD 64,000, primarily due to reduced finance lease obligations and bank borrowings[17]. - The group reported a financing cost of HKD 64,000 for the six months ended December 31, 2019, a significant decrease from HKD 2,702,000 in the same period of 2018[93]. - Short-term employee benefits for key management personnel amounted to HKD 4,970,000, a decrease of 26.7% from HKD 6,787,000 in the previous year[122]. Assets and Liabilities - As of December 31, 2019, the company's cash and bank balances totaled approximately HKD 26.1 million, down from HKD 48.2 million as of June 30, 2019[21]. - The total assets of the group as of December 31, 2019, were HKD 247,827,000, an increase from HKD 231,065,000 as of June 30, 2019[91]. - The total liabilities of the group as of December 31, 2019, were HKD 85,084,000, compared to HKD 68,673,000 as of June 30, 2019, reflecting an increase in financial obligations[91]. - The company's capital-to-debt ratio decreased to approximately 0.8% as of December 31, 2019, from 1.8% as of June 30, 2019, due to no bank borrowings or finance leases during the period[23]. - Trade receivables as of December 31, 2019, totaled HKD 42,619,000, down 23.2% from HKD 55,535,000 as of June 30, 2019[106]. Corporate Governance and Compliance - The company has complied with all corporate governance codes as per the listing rules[46]. - The audit committee reviewed the interim financial results, ensuring compliance with applicable accounting standards[48]. - The board of directors did not recommend the payment of an interim dividend for the six months ended December 31, 2019, compared to zero in the same period last year[32]. - The group did not declare an interim dividend for the six months ended December 31, 2019, maintaining the same stance as in 2018[98]. Strategic Focus and Future Plans - The company plans to focus on opportunities in its core business of building maintenance projects, particularly in the public sector[10]. - The company intends to change its name to reflect its engagement in supply chain services and supply chain finance services, approved at a special general meeting on January 22, 2020[11]. Accounting Standards and Changes - The company adopted HKFRS 16, which resulted in changes to accounting policies but did not have a significant impact on the financial performance for the period[60]. - The adoption of Hong Kong Financial Reporting Standard 16 resulted in the recognition of right-of-use assets amounting to HKD 3,237,000 as of July 1, 2019[66]. - The transition to HKFRS 16 did not affect the opening balance of equity[66]. Other Financial Information - The company provided a performance guarantee of HKD 2,822,000 to banks for the benefit of certain customers, unchanged from the previous period[28]. - The company had no significant contingent liabilities as of December 31, 2019, compared to zero as of June 30, 2019[29]. - The company had no bank borrowings or finance leases as of December 31, 2019, which contributed to the decrease in the capital-to-debt ratio[23]. - The company did not engage in any significant investments, acquisitions, or disposals of subsidiaries or joint ventures during the six months ended December 31, 2019[25].

Financial Performance - For the fiscal year ending June 30, 2019, the company reported revenue of approximately HKD 415.5 million, a decrease of about HKD 28.1 million or 6.3% compared to HKD 443.6 million in the previous year[9] - The total comprehensive expenses attributable to the owners of the company from continuing operations increased by approximately HKD 13.2 million or 426% to HKD 10.1 million, compared to HKD 3.1 million in the previous year[9] - Basic and diluted earnings per share for the year were approximately HKD 0.24, compared to HKD 0.07 in the previous year[10] - The total comprehensive expenses attributable to the owners from discontinued operations increased by approximately HKD 2 million or 250% to HKD 2.8 million[11] - The company recorded a loss of approximately HKD 12.5 million for the year, compared to a profit of about HKD 3.2 million in the previous year[33] - The gross profit from continuing operations was approximately HKD 31.0 million, a decrease of about HKD 10.7 million compared to the previous year[27] - The gross profit margin for continuing operations was approximately 7.5%, down from 9.4% in the previous year[27] - The administrative expenses increased by approximately HKD 3.6 million or 9.6% to about HKD 41.1 million for the year[30] - The financing costs decreased by approximately HKD 12,000 or 4.6% to about HKD 251,000 for the year[31] - The actual tax rate for continuing operations was approximately -8.7% for the year, a significant decrease from 47.3% in the previous year[32] Contracts and Business Operations - As of June 30, 2019, the company had two building maintenance contracts with an estimated contract value of approximately HKD 522.4 million, down from five contracts valued at HKD 897.0 million the previous year[18] - The company secured a significant contract from the Hong Kong Housing Authority with an estimated contract value of approximately HKD 250.2 million, lasting 36 months[12] - The company also obtained a contract from the Vocational Training Council valued at approximately HKD 110.0 million for renovation services, which commenced in April 2019[12] - The revenue from building maintenance services increased by approximately HKD 22.4 million or 6.4% to about HKD 373.2 million for the year[25] - The revenue from renovation services decreased by approximately HKD 50.5 million or 54.4% to about HKD 42.3 million for the year[25] Growth and Future Outlook - The company anticipates stable growth in the building maintenance and renovation services sector due to ongoing public sector spending on infrastructure and residential projects[14] - The board will explore new business opportunities and consider asset sales, acquisitions, and business restructuring to enhance long-term development potential[14] - The company aims to continue identifying new opportunities and focus on business growth to deliver maximum returns to shareholders in the coming year[15] Shareholder and Capital Information - The company’s distributable reserves as of June 30, 2019, were approximately HKD 25 million, down from HKD 40.4 million in 2018[73] - The total issued share capital of the company as of June 30, 2019, was 5,594,000,000 shares with a par value of HKD 0.002 per share[78] - The board of directors did not recommend the payment of a final dividend for the year, consistent with the previous year where no dividend was declared[47] - The board of directors consists of three executive directors and three independent non-executive directors, all of whom are considered independent[91] - The major shareholder, Mr. Dai Jian, holds 3,268,750,000 shares, representing 58.43% of the company's equity[101] Environmental and Sustainability Initiatives - The total greenhouse gas emissions for the group amounted to 1,703.05 tons of CO2 equivalent, representing a 120.04% increase from 773.96 tons in the previous year[135] - The emissions density increased to 0.041 tons of CO2 equivalent per square meter, up 87.68% from 0.022 tons in the previous year[138] - The group has implemented energy-saving measures to reduce its carbon footprint, including the use of energy-efficient lighting and monitoring water consumption[135] - The group is committed to sustainable development and has established an environmental management policy to enhance employees' environmental awareness[129] - The company is dedicated to becoming an industry role model by conducting its operations in an environmentally sustainable manner[184] Workforce and Employment Practices - The group had approximately 95 employees as of June 30, 2019, down from 138 employees as of June 30, 2018[45] - The total workforce decreased to 99 employees from 129 in the previous year, with a gender distribution of 74.7% male and 25.3% female[155] - The company reported zero work-related fatalities in both 2018 and 2019[161] - There were 8 cases of work-related injuries resulting in more than 3 days of leave in 2019, compared to none in 2018[162] - The company adheres to all relevant employment laws and regulations, providing equal opportunities in recruitment, training, and development[157] Corporate Governance - The company emphasizes good corporate governance to enhance performance and protect shareholder interests, complying with all relevant codes[187] - The board regularly reviews corporate governance policies to ensure compliance with the established codes[188] - The company has adopted a board diversity policy, considering various factors such as gender, age, and professional experience in its composition[195] - The company held five board meetings and one annual general meeting during the year, with all directors attending all meetings[198] Risk Management and Compliance - The company conducts regular risk assessments and communicates anti-fraud policies to employees to ensure ethical business practices[180] - The company has implemented a robust data protection and privacy policy in compliance with local regulations[177] - The project management team conducts monthly reviews of subcontractor performance and ensures compliance with health and safety regulations[171]

YAT SING HOLDINGS LIMITED 日 成 控 股 有 限 公 司 (於朗曼群島註冊成立之有限公司) 股份代號: 3708 中期報告 2018 目錄 頁次 公司資料2 管理層討論及分析3 其他資料8 簡明綜合損益及其他全面收益表 11 簡明綜合財務狀況表 12 簡明綜合權益變動表 14 簡明綜合現金流量表 15 簡明綜合財務報表附註 16 | --- | --- | |--------------------------------------------------------------------------|------------------------------------------------------------------------------------| | | | | 公司資料 | | | 執行董事 戴劍先生 （主席兼行政總裁） 戴銘先生 | 香港 干諾道西 144–151 號 成基商業中心 公司條例第 16 | | 獨立非執行董事 陳歡先生 郭彪先生 宋丹小姐 | 26 樓 2606 室 開曼群島股份過戶登記總處 Estera Trust (Cayman) L ...