Financial Performance - Revenue for the six months ended September 30, 2019, was HKD 175,882,000, a 2.0% increase from HKD 172,493,000 in 2018[7] - Gross profit decreased to HKD 21,659,000, down 5.1% from HKD 22,827,000 in the previous year[7] - Operating profit increased to HKD 19,115,000, representing an 6.9% rise compared to HKD 16,934,000 in 2018[7] - Profit before tax was HKD 15,225,000, up 3.3% from HKD 14,735,000 in the same period last year[7] - Net profit for the period was HKD 12,332,000, slightly down from HKD 12,340,000 in 2018[7] - The company reported a basic and diluted earnings per share of HKD 3.08, slightly down from HKD 3.09 in the previous year[7] - The profit attributable to equity holders for the six months ended September 30, 2019, was 12,332,000 HKD, which is a marginal decrease from 12,340,000 HKD in the previous year[48] Assets and Liabilities - Total assets increased to HKD 565,602,000, a 12.3% rise from HKD 503,683,000 as of March 31, 2019[9] - Trade receivables and contract assets rose significantly to HKD 370,903,000, up from HKD 334,469,000[9] - Total equity increased to HKD 301,139,000, compared to HKD 288,807,000 at the end of March 2019[9] - The company reported a significant increase in short-term borrowings, totaling HKD 188,482,000, up from HKD 173,928,000 in the previous period[13] - The total value of lease liabilities as of September 30, 2019, was 59,320,000 HKD, with non-current liabilities amounting to 43,447,000 HKD and current liabilities at 15,873,000 HKD[52] Cash Flow and Investments - Cash flow from operating activities showed a net outflow of HKD 452,000, a significant improvement from a net outflow of HKD 51,419,000 in the same period last year[13] - The net cash used in investing activities was HKD 3,423,000, a decrease from HKD 43,048,000 in the previous year, indicating reduced capital expenditures[13] - Cash and cash equivalents increased by HKD 6,974,000, compared to a decrease of HKD 52,779,000 in the prior year[13] - Capital expenditures during the period were approximately HKD 25.0 million, a decrease from HKD 43.4 million for the six months ended September 30, 2018[96] Revenue Sources and Market Position - Revenue from construction contracts for the six months ended September 30, 2019, was HKD 175,882,000, compared to HKD 172,493,000 for the same period in 2018, representing a growth of 2.3%[32] - The contribution to revenue from projects where the company acted as the main contractor increased from approximately 62.4% of total revenue in the previous period to approximately 96.4% in the current period[79] - As of September 30, 2019, the total transaction value of uncompleted long-term construction contracts was approximately HKD 527.1 million, up from HKD 374.0 million as of March 31, 2019[80] Expenses and Costs - Administrative expenses decreased by approximately HKD 0.6 million or about 9.7% to approximately HKD 5.4 million[87] - Net finance costs increased by approximately HKD 1.7 million or 76.8% to about HKD 3.9 million, primarily due to increased borrowings for business expansion[88] - The total employee costs for the six months ended September 30, 2019, were approximately HKD 19.8 million, compared to HKD 19.9 million for the same period in 2018[99] Strategic Focus and Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[7] - The company is focused on foundation engineering and general construction services in Hong Kong and Macau, indicating a strategic focus on regional market expansion[14] - The board remains confident in the company's future development, planning to expand business capabilities and scale to enhance market position in Hong Kong[114] Compliance and Governance - The company has adopted the Corporate Governance Code and has complied with its provisions as of September 30, 2019[123] - The audit committee, consisting of three independent non-executive directors, has reviewed the interim financial information for the six months ended September 30, 2019[131]

2018-2019 年度報告 ANNUAL REPORT 2018-2019 ( 於開曼群島註冊成立的有限公司 ) 股份代號 :3878 Annu al Repo rt 2018-2019 年度報告 (Incorporated in the Cayman Islands with limited liability) Stock Code: 3878 Vicon_HAR2018_Cover_01(CL).indd 所有頁面 18/7/2019 18:03:57 | 目 | 錄 | | --- | --- | | 2 | 公司資料 | | 4 | 主席報告 | | 5 | 管理層討論與分析 | | 12 | 環境、社會及管治報告 | | 23 | 企業管治及其他資料 | | 34 | 董事及高級管理層履歷 | | 39 | 董事報告 | | 51 | 獨立核數師報告 | | 58 | 綜合全面收益表 | | 59 | 綜合資產負債表 | | 61 | 綜合權益變動表 | | 62 | 綜合現金流量表 | | 64 | 綜合財務報表附註 | | | 112 財務資料概要 | VICON HOLDINGS LIMI ...