Financial Performance - The company recorded revenue of approximately HKD 429.3 million for the fiscal year 2024, a decrease of about HKD 67.3 million or 13.6% compared to HKD 496.6 million for the fiscal year 2023[15]. - The company recorded a net profit of approximately HKD 43.2 million for fiscal year 2024, a decrease of about HKD 13.8 million or 24.3% compared to approximately HKD 57.0 million in fiscal year 2023[23]. - Gross profit increased by approximately HKD 7.6 million or 7.1% to about HKD 114.5 million for the fiscal year 2024, with a gross margin of 26.7% compared to 21.5% in fiscal year 2023[18]. - Total revenue for the year ended December 31, 2024, was HKD 429,312,000, a decrease of 13.5% compared to HKD 496,631,000 in 2023[138]. - Net profit for the year was HKD 43,190,000, down 24.1% from HKD 57,003,000 in the previous year[138]. - Basic and diluted earnings per share decreased to HKD 4.3 from HKD 5.7, representing a decline of 24.6%[138]. - The total comprehensive income for the year 2024 was HKD 43,140 thousand, down from HKD 56,958 thousand in 2023, representing a decline of approximately 24.5%[142]. Revenue Sources - Design and construction projects accounted for approximately HKD 404.7 million, representing 94.3% of total revenue, while maintenance and repair services generated about HKD 24.6 million, accounting for 5.7% of total revenue[15]. - The five largest customers accounted for approximately 93.2% of the total revenue, with the largest single customer contributing 62.9%[99]. - The company is strategically focusing on maintenance and repair projects to diversify its project portfolio and maintain stable revenue sources[17]. Project Management and Operations - The company successfully completed several notable projects, including the Kai Tak Sports Park and CLP Headquarters, which received high praise from developers and general contractors[8]. - The company is set to complete the façade contract for the West Kowloon commercial development project under Sun Hung Kai Properties by June 2025, further enhancing its position in the Hong Kong façade market[9]. - The company has not secured any major new projects following the completion of current projects expected by August 2025, indicating a limited project pipeline[9]. - The company is closely monitoring the recovery of the construction industry and will cautiously handle project bidding due to the current market conditions and intense competition[9]. - The construction industry continues to face significant pressure due to reduced project demand and intense competition, impacting overall revenue and future opportunities[8]. Financial Management - The board has resolved to declare an interim dividend and a special dividend for the fiscal year 2024, but has not recommended a final dividend to maintain reasonable financial reserves[9]. - The company is committed to prudent financial management while exploring strategic opportunities to enhance business growth and operational resilience[14]. - As of December 31, 2024, the company had no bank borrowings, resulting in a debt-to-equity ratio of zero[26]. - Cash and cash equivalents increased to approximately HKD 222.7 million as of December 31, 2024, up by about HKD 166.8 million from approximately HKD 55.9 million as of December 31, 2023[26]. - The company declared a special dividend of HKD 40,120 thousand for the year 2024, in addition to interim dividends totaling HKD 20,060 thousand[142]. Governance and Compliance - The board of directors consists of two executive directors, one non-executive director, and three independent non-executive directors, ensuring strong independence[46]. - The company has adopted the corporate governance code and has complied with its provisions during the 2024 fiscal year, except for the separation of roles between the chairman and CEO[47]. - The independent non-executive directors have complied with the relevant regulations as of the report date[50]. - The company has established a reliable supplier and subcontractor base with over 25 years of operational history, ensuring quality control[39]. - The company has a robust governance framework, with independent directors providing oversight and strategic guidance[113]. Risk Management - The company’s operations are subject to overall economic and market risks, which could significantly impact project profitability and financial performance[42]. - The risk management committee conducted a risk assessment in 2024, identifying key risks recorded in a risk register[64]. - The company believes its risk management and internal control systems are effective and adequate[65]. Cash Flow and Assets - The cash generated from operating activities for 2024 was HKD 183,254 thousand, an increase of approximately 35.2% from HKD 135,514 thousand in 2023[144]. - The net cash from investing activities in 2024 was HKD 89,388 thousand, a significant recovery from a net cash outflow of HKD 79,484 thousand in 2023[145]. - The company's total equity decreased to HKD 276,990,000 from HKD 313,567,000, a decline of 11.6%[139]. - The company's cash and cash equivalents increased significantly from HKD 55,939 thousand at the beginning of 2023 to HKD 222,715 thousand by the end of 2024, marking an increase of approximately 297.5%[145]. Accounting and Financial Reporting - The financial statements are prepared using the historical cost method, except for certain financial instruments measured at fair value[149]. - The financial statements are presented in Hong Kong dollars (HKD), which is also the functional currency of the company[151]. - The group is responsible for preparing consolidated financial statements in accordance with Hong Kong Financial Reporting Standards and the Companies Ordinance[129]. - The independent auditor's report confirms that the consolidated financial statements present a true and fair view of the group's financial position as of December 31, 2024[120]. - The company has established accounting policies for recognizing revenue and other income, ensuring compliance with relevant financial reporting standards[184].

Financial Performance - Revenue for the year ended December 31, 2024, was HKD 429,312,000, a decrease of 13.5% from HKD 496,631,000 in 2023[3] - Gross profit increased to HKD 114,456,000, up 7.3% from HKD 106,908,000 in the previous year[3] - Profit before tax decreased to HKD 55,928,000, down 17.5% from HKD 67,806,000 in 2023[3] - Net profit for the year was HKD 43,190,000, a decline of 24.5% compared to HKD 56,958,000 in 2023[3] - Basic and diluted earnings per share were both HKD 4.3, down from HKD 5.7 in the previous year[3] - The company did not recommend a final dividend for the year ended December 31, 2024[3] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 482,997,000, an increase from HKD 446,003,000 in 2023[6] - Current liabilities increased to HKD 211,984,000 from HKD 168,598,000 in the previous year[6] - The company's cash and bank balances significantly increased to HKD 222,715,000 from HKD 55,939,000 in 2023[6] - Trade receivables decreased significantly to HKD 51,177,000 in 2024 from HKD 99,508,000 in 2023, a decline of 48.5%[26] - Trade payables increased to HKD 38.47 million in fiscal year 2024 from HKD 22.99 million in fiscal year 2023[31] Revenue Breakdown - Revenue from design and construction projects decreased to HKD 404,663,000 in 2024 from HKD 477,534,000 in 2023, representing a decline of 15.3%[20] - Maintenance and repair services revenue increased to HKD 24,649,000 in 2024, up 29.4% from HKD 19,097,000 in 2023[20] - Revenue from major customers contributing 10% or more to the group's income includes Customer I with HKD 269,962,000 and Customer II with HKD 48,384,000 for the year 2024[19] - Design and construction projects accounted for approximately HKD 404.7 million, representing about 94.3% of total revenue, down from 96.2% in the previous year[39] - The revenue from maintenance and repair services reached approximately HKD 24.6 million, an increase from HKD 19.1 million in fiscal year 2023, now accounting for 5.7% of total revenue[39] Impairment and Provisions - The group reported a confirmed impairment loss of HKD 29,363,000 related to the new business segment during the year[18] - The impairment loss provision for trade receivables increased to HKD 588,000 in 2024 from HKD 101,000 in 2023[28] - As of December 31, 2023, the company recognized an impairment loss of HKD 29.36 million due to the failure to obtain mining permits, reflecting the inability to establish future economic benefits from the asset[30] Strategic Focus and Operations - The company is primarily engaged in providing design and construction solutions for facade and curtain wall engineering in Hong Kong[7] - The group operates a single reportable operating segment in Hong Kong, focusing on design and construction solutions for facade and wall engineering[17] - The group is strategically focusing on maintenance and repair projects to diversify its project portfolio and maintain stable revenue sources[41] - The group is currently bidding or awaiting results for eight large-scale projects with an estimated total contract value exceeding approximately HKD 600.9 million[40] - The group faced operational challenges in its mining business due to market downturns and partner obligations, leading to considerations of reserving cash for core construction operations[41] Financial Management and Governance - The company is focused on prudent financial management and exploring strategic opportunities to enhance business growth and operational resilience[38] - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange listing rules and will comply with it in the fiscal year 2024, except for the provision regarding the separation of roles of Chairman and CEO[59] - The board of directors has decided not to recommend a final dividend for the year ending December 31, 2024, considering the overall business performance and financial condition[61] - The audit committee has reviewed the consolidated financial statements for the fiscal year 2024, confirming consistency with the audited figures[66] Financial Reporting Standards - The group has adopted revised Hong Kong Financial Reporting Standards effective from January 1, 2024, with no significant impact on the consolidated financial statements[12] - The group is currently evaluating the impact of newly issued or revised Hong Kong Financial Reporting Standards, which are not expected to have a significant effect on the consolidated financial statements[14] - The group is analyzing the impact of the new Hong Kong Financial Reporting Standards on the presentation and disclosure of its financial statements[15]

G 信 元成 loldings Limited 股 有 限 公 司 (於開曼群島註冊成立的有限公司) 股份代號：6038 2024 中 期 報 告 公司資料 2 管理層討論及分析 3 簡明綜合全面收益表 12 簡明綜合財務狀況表 13 簡明綜合權益變動表 15 簡明綜合現金流量表 16 簡明綜合中期財務報表附註 17 目 錄 公司資料 | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------| | | | | 董事會 執行董事 李志雄先生 | 聯席公司秘書 禤淑敏女士 李博彥先 ...

Financial Performance - The company announced a mid-term performance report for the six months ending June 30, 2024[2] Dividends - The report includes information regarding interim and special dividends, with a record date for entitlement set from September 12 to September 16, 2024[2] - Shareholders must ensure that all share transfers are submitted by September 11, 2024, at 4:30 PM to qualify for the dividends[2] Board of Directors - The board of directors remains unchanged, consisting of executive and non-executive members[3]

Revenue and Profitability - Revenue for the six months ended June 30, 2024, was HKD 195,984, a decrease of 20% compared to HKD 244,882 for the same period in 2023[1] - Gross profit increased to HKD 50,377, up 7% from HKD 46,842 year-on-year[1] - Profit before tax rose to HKD 36,652, representing a 29% increase from HKD 28,341 in the previous year[2] - Net profit for the period was HKD 30,593, an increase of 30% compared to HKD 23,587 in the same period last year[2] - Basic and diluted earnings per share were both HKD 3.1, up from HKD 2.4 in the prior year[2] - The company reported a profit attributable to owners of HKD 30,593,000 for the six months ended June 30, 2024, compared to HKD 23,587,000 in 2023, reflecting a 30% increase[20] - Basic earnings per share increased to HKD 30.59 from HKD 23.59, a growth of 30%[20] Dividends - The board recommended an interim dividend of HKD 2.0 and a special dividend of HKD 4.0 per share[1] - The interim dividend proposed is HKD 2.0 per share, totaling HKD 20,020,000, and a special dividend of HKD 4.0 per share, totaling HKD 40,040,000[19] - The board proposed an interim dividend of HKD 0.02 per share and a special dividend of HKD 0.04 per share, totaling HKD 20.02 million and HKD 40.04 million respectively, with a dividend payout ratio of approximately 196%[42] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 449,948, slightly up from HKD 446,003 as of December 31, 2023[3] - Current liabilities decreased to HKD 161,750 from HKD 168,598 at the end of the previous year[3] - The company's net asset value increased to HKD 324,291 from HKD 313,567 year-on-year[4] - Trade receivables decreased to HKD 51.986 million from HKD 99.508 million, reflecting a significant reduction in outstanding amounts[23] - The aging analysis of trade receivables shows that amounts overdue by more than one year decreased to HKD 2.726 million from HKD 5.298 million[23] - As of June 30, 2024, the group had no bank borrowings, resulting in a debt-to-equity ratio of zero[35] Cash and Investments - Cash and cash equivalents amounted to approximately HKD 66.9 million, an increase of about HKD 11.0 million from approximately HKD 55.9 million as of December 31, 2023[35] - The group has fixed deposits exceeding three months totaling HKD 241.1 million, up from HKD 193.0 million as of December 31, 2023, with interest rates ranging from 3.5% to 4.59%[35] Operational Performance - Major customer I contributed HKD 127,433,000 to revenue, up from HKD 72,141,000 in the previous year, representing a 77% increase[11] - Major customer II's revenue decreased significantly to HKD 32,438,000 from HKD 165,383,000, a decline of 80%[11] - Bank interest income increased to HKD 5,425,000 from HKD 2,010,000, marking a 170% rise[13] - The company incurred a depreciation expense of HKD 722,000 for property, plant, and equipment, slightly down from HKD 727,000 in the previous year[14] - Total employee benefits expenses, including directors' remuneration, amounted to HKD 36,102,000, an increase from HKD 34,887,000[15] - The company recognized share-based payment expenses of HKD 104,000 for the six months ended June 30, 2024, compared to zero in the same period last year[18] - Employee benefits expenses totaled approximately HKD 36.1 million, compared to HKD 34.9 million in the previous period, indicating relative stability[36] Future Outlook - The company continues to focus on providing comprehensive design and construction solutions for facade and curtain wall engineering in Hong Kong[5] - The company is currently bidding for two large-scale facade projects with an estimated total contract value of HKD 65.7 million[31] - The company holds key projects with an estimated contract balance of HKD 369.3 million as of June 30, 2024[30] - The accounts receivable turnover days increased to approximately 70.3 days from about 52.8 days at the end of 2023[34] - The company plans to enhance project quality, safety, and cost control while maintaining operational efficiency in a challenging market environment[29]

Financial Performance - The company recorded revenue of approximately HKD 496.6 million for the fiscal year 2023, an increase of approximately HKD 113.8 million or 29.7% compared to HKD 382.8 million in fiscal year 2022[16]. - The group's net profit for the fiscal year 2023 reached approximately HKD 57.0 million, an increase of about HKD 13.6 million or 31.3% from approximately HKD 43.4 million in 2022[25]. - The group's gross profit increased by approximately HKD 9.4 million or 9.6% to about HKD 106.9 million for the fiscal year 2023, with a gross margin of 21.5% compared to 25.5% in 2022[22]. - Total revenue for the year ended December 31, 2023, was HKD 496,631,000, an increase of 29.7% from HKD 382,786,000 in 2022[158]. - Net profit for the year was HKD 57,003,000, a rise of 31.2% compared to HKD 43,404,000 in 2022[158]. - Basic and diluted earnings per share for 2023 were both HKD 5.7, compared to HKD 4.3 in 2022, reflecting a 32.6% increase[158]. - Total comprehensive income for the year was HKD 56,958,000, up 31.6% from HKD 43,296,000 in the prior year[158]. Revenue Sources - Design and construction projects accounted for approximately HKD 477.5 million of total revenue, representing about 96.2% of total revenue, while maintenance and repair services generated approximately HKD 19.1 million[16]. - The group recognized revenue of HKD 477,534,000 from design and build contracts for the year ended December 31, 2023[143]. Operational Efficiency and Cost Management - The company will maintain a cautious approach to monitor the market and implement cost control measures to safeguard profitability amid fierce competition and uncertain market outlook[7]. - Administrative and other operating expenses decreased by approximately HKD 5.5 million or 11.1% to about HKD 44.0 million in 2023, primarily due to reduced employee benefits expenses[23]. - Financial costs decreased to HKD 713,000 from HKD 880,000, a decline of 19%[158]. Strategic Initiatives - The company plans to diversify its operations by acquiring exclusive mining rights for a coal mine in Mongolia, with expected revenue generation starting in the first half of fiscal year 2025[15]. - The company is committed to improving operational efficiency while seizing opportunities in both construction and mining businesses[15]. - The company continues to focus on its core construction business while exploring new opportunities for growth through acquisitions and diversification[173]. Market Conditions and Risks - The construction industry faces challenges such as labor competition, rising material costs, and unstable transportation costs[13]. - The company faces significant risks related to overall economic and market conditions, which can impact project profitability and competitiveness[50]. - The company has faced intense competition in new project bidding, with no projects secured that are expected to continue beyond the first quarter of 2025[7]. Shareholder Returns - The board has proposed a final dividend of HKD 0.02 per share for the fiscal year 2023[9]. - The company approved a total dividend of HKD 33,000,000 for the year, compared to HKD 11,000,000 in 2022, an increase of 200%[162]. - The company proposed a final dividend of HKD 0.02 per share, totaling HKD 20 million, with a dividend payout ratio of approximately 35.1%[86]. Corporate Governance - The board of directors consists of two executive directors, one non-executive director, and three independent non-executive directors, ensuring strong independence[56]. - The company has adopted the corporate governance code and has complied with it during the fiscal year 2023[56]. - The board is responsible for assessing the company's ability to continue as a going concern and disclosing relevant matters accordingly[150]. Financial Position - Cash and cash equivalents as of December 31, 2023, were approximately HKD 55.9 million, an increase of about HKD 17.1 million from approximately HKD 38.8 million in 2022[30]. - Total assets increased to HKD 446,003,000 in 2023 from HKD 391,938,000 in 2022, representing a growth of 13.8%[159]. - The company’s total equity reached HKD 313,567,000 in 2023, compared to HKD 289,609,000 in 2022, a growth of 8.3%[162]. Compliance and Reporting - The financial statements for the year ending December 31, 2023, were approved and authorized for publication on March 26, 2024[174]. - The financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards and the Hong Kong Companies Ordinance, ensuring compliance with applicable disclosure requirements[175]. - The company has confirmed compliance with the non-competition agreement established by the controlling shareholder[106]. Employee and Social Responsibility - The company employed 77 male employees (71.3%) and 31 female employees (28.7%) as of December 31, 2023[69]. - The company made charitable donations of approximately HKD 19,000 during the fiscal year 2023[92]. - The company emphasizes environmental protection measures and has internal rules to monitor energy consumption[45].

Financial Performance - Revenue for the year ended December 31, 2023, was HKD 496,631,000, representing a 29.7% increase from HKD 382,786,000 in 2022[3] - Gross profit for the same period was HKD 106,908,000, up from HKD 97,538,000, indicating a growth of 11.4%[3] - Profit before tax increased to HKD 67,806,000, a rise of 30.9% compared to HKD 51,804,000 in the previous year[3] - Net profit for the year was HKD 56,958,000, which is a 31.3% increase from HKD 43,404,000 in 2022[3] - Basic and diluted earnings per share were both HKD 5.7, compared to HKD 4.3 in the prior year, reflecting a 32.6% increase[3] - The company reported a profit attributable to owners of the company of HKD 57,003,000 for the year ended December 31, 2023, compared to HKD 43,404,000 in 2022, representing a year-over-year increase of approximately 31.2%[30] - The group’s net profit for fiscal year 2023 reached approximately HKD 57.0 million, representing an increase of about HKD 13.6 million or 31.3% from HKD 43.4 million in fiscal year 2022[58] Dividends - The board recommended a final dividend of HKD 2.0 per share for the year ended December 31, 2023[3] - The company declared an interim dividend of HKD 0.015 per share for 2023, amounting to HKD 15,000,000, while the proposed final dividend is HKD 0.020 per share, totaling HKD 20,000,000, compared to HKD 18,000,000 in 2022[29] - The board proposed a final dividend of HKD 0.02 per share for the year 2023, totaling HKD 20.0 million, with a dividend payout ratio of approximately 35.1%[75] Assets and Liabilities - Total assets as of December 31, 2023, were HKD 446,003,000, compared to HKD 391,938,000 in 2022, showing an increase of 13.8%[6] - Current liabilities increased to HKD 168,598,000 from HKD 108,501,000, representing a 55.5% rise[6] - The company's total equity as of December 31, 2023, was HKD 313,567,000, up from HKD 289,609,000 in 2022, indicating an 8.3% increase[6] - The company's total trade and other payables decreased slightly to HKD 55,552,000 in 2023 from HKD 52,185,000 in 2022, reflecting a decrease of about 6.8%[36] - As of December 31, 2023, the group had no bank borrowings, resulting in an asset-liability ratio of zero[61][62] Revenue Sources - Revenue from design and construction projects amounted to HKD 477.534 million in 2023, up from HKD 362.642 million in 2022, reflecting a growth of 31.7%[23] - Major customer I contributed HKD 339.204 million in revenue for 2023, significantly higher than HKD 171.326 million in 2022, representing a growth of 97.9%[21] - Major customer II generated HKD 137.610 million in revenue for 2023, slightly up from HKD 133.861 million in 2022, indicating a growth of 2.1%[21] Expenses - The cost of inventory recognized as expenses was HKD 158.092 million in 2023, compared to HKD 130.666 million in 2022, an increase of 20.9%[24] - Employee benefit expenses, including director remuneration, totaled HKD 70.631 million in 2023, up from HKD 67.644 million in 2022, reflecting a growth of 4.9%[24] - Administrative and other operating expenses decreased by approximately HKD 5.5 million or 11.1% to about HKD 44.0 million in fiscal year 2023, primarily due to reduced employee benefits expenses[55] - The total employee benefit expenses for the year 2023 amounted to approximately HKD 70.6 million, up from HKD 67.6 million in 2022, primarily due to an increase in average employee compensation[69] Taxation - The company’s income tax expense for the year was HKD 10,800,000, up from HKD 8,397,000 in 2022, marking an increase of approximately 28.6%[26] - The group’s tax expense for fiscal year 2023 was approximately HKD 10.8 million, with an effective tax rate of about 15.9%[56] - The company’s tax rate for Hong Kong profits tax is 16.5%, with a lower rate of 8.25% applicable to the first HKD 2,000,000 of taxable profits for qualifying subsidiaries[26] Business Development - The company has entered into an agreement to acquire exclusive mining rights for a coal mine in Mongolia to diversify its business and enhance capital returns[7] - The company has entered into an exclusive purchase rights agreement for a coal mine in Mongolia, with a payment of RMB 27,000,000 (approximately HKD 29,363,000) made for mining rights[34] - The group plans to commence operations in the newly acquired mining business in the first half of fiscal year 2025, which is expected to provide stable cash flow[53] - The group aims to capture opportunities in both public and private sector projects following the Hong Kong government's initiatives to stimulate economic growth[53] Accounting and Compliance - The group has adopted new accounting standards effective from January 1, 2023, which do not significantly impact the measurement or presentation of items in the financial statements[14] - The group is currently evaluating the potential impact of newly issued accounting standards on its performance and financial position for the first application year[19] - The audit committee reviewed the consolidated financial statements for the fiscal year 2023, confirming consistency with the figures in the audited financial statements[85] - The company maintained compliance with the minimum public float requirements as per listing rules throughout the fiscal year 2023[83] Employee and Workforce - The group maintained a total of 108 employees as of December 31, 2023, unchanged from the previous year[69] Other Information - There were no significant acquisitions or disposals of subsidiaries, joint ventures, or associates during the year 2023[66] - The group had no significant contingent liabilities as of December 31, 2023[68] - The group had no capital commitments as of December 31, 2023[64] - There were no major events after the fiscal year that would significantly impact the group[70]

Financial Performance - The group's revenue increased by approximately HKD 65.7 million or 36.7% to about HKD 244.9 million compared to the previous period's revenue of approximately HKD 179.2 million[12]. - Gross profit rose by approximately HKD 1.3 million or 2.9% to about HKD 46.8 million, with a gross margin of approximately 19.1%, down from 25.4% in the previous period[13]. - The group's profit for the period was approximately HKD 23.6 million, an increase of about HKD 3.0 million or 14.6% compared to approximately HKD 20.6 million in the previous period[15]. - Revenue for the six months ended June 30, 2023, was HKD 244,882,000, representing a 36.5% increase from HKD 179,232,000 in the same period of 2022[42]. - Gross profit for the same period was HKD 46,842,000, slightly up from HKD 45,498,000, indicating a gross margin improvement[42]. - Profit before tax increased to HKD 28,341,000, up from HKD 24,599,000, reflecting a growth of 11.1%[42]. - Net profit for the period was HKD 23,587,000, compared to HKD 20,621,000 in 2022, marking a 9.5% increase[42]. - Basic earnings per share rose to HKD 2.4, up from HKD 2.1, representing a 14.3% increase year-over-year[42]. - The company's profit attributable to owners for the six months ended June 30, 2023, was HKD 23,587,000, an increase from HKD 20,621,000 in the same period of 2022, representing a growth of approximately 9.5%[81]. Cash and Assets - Cash and cash equivalents increased to approximately HKD 53.4 million from about HKD 38.8 million, representing an increase of approximately HKD 14.6 million[20]. - Total assets as of June 30, 2023, were HKD 446,950,000, an increase from HKD 391,938,000 at the end of 2022[43]. - Cash and cash equivalents at the end of the period were HKD 53,436,000, compared to HKD 38,826,000 at the end of 2022, showing a growth of 37.7%[49]. - Contract assets increased significantly to HKD 176,196,000 from HKD 125,143,000, reflecting a growth of 40.8%[43]. - Contract assets increased to HKD 176,956,000 as of June 30, 2023, from HKD 125,903,000 as of December 31, 2022, reflecting a growth of approximately 40.5%[83]. Liabilities and Equity - The group had no bank borrowings as of June 30, 2023, and the debt-to-equity ratio was zero[19][20]. - Current liabilities increased to HKD 157,394,000 from HKD 108,501,000, indicating a rise of 45%[43]. - The total amount of contract liabilities increased to HKD 76,874,000 as of June 30, 2023, from HKD 50,753,000 as of December 31, 2022, marking a rise of approximately 51.5%[84]. - Trade payables increased to HKD 28,777,000 as of June 30, 2023, compared to HKD 25,200,000 as of December 31, 2022, reflecting a growth of 10.2%[91]. - The aging analysis of trade payables shows that amounts due within 30 days surged to HKD 24,620,000 in 2023 from HKD 10,233,000 in 2022, indicating a significant increase of 141.5%[92]. Dividends and Shareholder Information - The board proposed an interim dividend of HKD 0.015 per share, totaling HKD 15 million, with a dividend payout ratio of approximately 63.6%[38]. - The company declared dividends of HKD 18,000,000 during the period, compared to no dividends declared in the previous year[45]. - The board of directors and key executives held a total of 750 million shares each, representing 75% ownership in the company[25]. - The interim dividend proposed for the six months ended June 30, 2023, is HKD 0.015 per share, totaling HKD 15,000,000, compared to no dividend in the same period of 2022[78]. Business Operations and Strategy - The group is actively seeking to diversify its existing business and has entered into an agreement to acquire exclusive mining rights for a coal mine in Mongolia[6]. - The group aims to expand its customer base to mitigate risks and achieve long-term stable growth[6]. - The company continues to focus on providing one-stop design and construction solutions for platform facades and curtain wall engineering, indicating a strategic emphasis on core business areas[68]. - The group is currently bidding for three large-scale projects with an estimated total contract value of HKD 227.9 million[10]. - As of June 30, 2023, the estimated contract value of ongoing projects was approximately HKD 692.9 million[9]. Employee and Management Information - As of June 30, 2023, the company had 112 employees, with total employee benefits expenditure amounting to approximately HKD 34.9 million, a slight increase from HKD 34.0 million in the previous period[22]. - Compensation for key management personnel decreased to HKD 5,666,000 in the first half of 2023 from HKD 5,996,000 in the same period of 2022, a decline of 5.5%[103]. Compliance and Governance - The company complied with the corporate governance code, except for the combined roles of the chairman and CEO held by the same individual[36]. - The audit committee consists of three independent non-executive directors and has reviewed the accounting standards and policies adopted by the group[39]. - The company has not yet adopted new or revised Hong Kong Financial Reporting Standards that may impact its performance and financial position, indicating ongoing assessments[61]. Other Financial Information - The company did not engage in any purchases, sales, or redemptions of its listed securities during the reporting period[23]. - The company has no significant acquisitions or disposals of subsidiaries during the reporting period[31]. - There were no significant contingent liabilities as of June 30, 2023[34]. - The company has not recognized any share-based payment expenses for the six months ended June 30, 2023, consistent with the same period in 2022[77]. - The company incurred auditor fees of HKD 350,000, up from HKD 300,000, indicating a 16.7% increase in audit-related expenses[72]. - The bank interest income for the period was HKD 2,010,000, a significant rise from HKD 3,000 in the previous year[71]. - Over 98% of the company's non-current assets are located in Hong Kong, emphasizing its concentrated operational footprint[63].

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之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （股份代號：6038） 截至二零二三年六月三十日止六個月 之中期業績公告 財務摘要 截至六月三十日止六個月 二零二三年 二零二二年 （未經審核） （未經審核） 千港元 千港元 收益 244,882 179,232 毛利 46,842 45,498 除所得稅前溢利 28,341 24,599 期內溢利 23,587 20,621 每股基本盈利（港仙） 2.4 2.1 每股攤薄盈利（港仙） 2.4 2.1 ...

關於 信越 信越是專注於在香港提供平台外牆及 幕牆工程 接 近30年 的 分 包 商。本 集 團 主要在香港從事提供有關平台外牆及 幕牆工程的一站式設計及建造解決方 案以及維修及保養服務。 目錄 | 公司資料 | | 2 | | --- | --- | --- | | 主席報告 | | 3 | | 管理層討論及分析 | | 4 | | 企業管治報告 | | 10 | | 董事會報告 | | 16 | | 董事及高級管理層 | | 24 | | 獨立核數師報告 | 27 | | | 綜合全面收益表 | | 32 | | 綜 合 財務狀況 表 | | 33 | | 綜合權益變動表 | | 34 | | 綜合現金流量表 | | 36 | | 綜合財務報表附註 | | 38 | | 五年財務概要 | | 106 | 公司資料 董 事 會（「董 事 會」） 執行董事 李志雄先生 （主席兼行政總裁） 林淑儀女士 非執行董事 梁炳坤先生 獨立非執行董事 王世全教授 戴國良先生 關卓鉅先生 審核委員會 戴國良先生 （主席） 王世全教授 關卓鉅先生 提名委員會 李志雄先生 （主席） 王世全教授 戴國良先生 關卓鉅先生 薪酬委員 ...