Financial Performance - For the six months ended September 30, 2024, the group reported revenue of approximately HKD 379.7 million, an increase of about HKD 134.7 million or 55.0% compared to HKD 245.0 million for the same period in 2023[12] - The company’s profit attributable to owners increased to approximately HKD 4.6 million for the period, compared to HKD 2.1 million for the six months ended September 30, 2023, reflecting a significant improvement due to the gradual recovery of the Hong Kong economy and strict cost control measures implemented by the project team[20] - Total revenue for the six months ended September 30, 2024, was approximately HKD 396.9 million, up from HKD 251.1 million for the same period in 2023, representing a growth of approximately 58%[40] - Total profit for the six months ended September 30, 2024, was HKD 4,574,000, compared to HKD 2,102,000 for the same period in 2023, marking a 118% increase[77] Project and Contract Management - The group secured 18 new contracts during the reporting period, with a total contract value of approximately HKD 295.0 million, and completed 26 projects with a total contract value of approximately HKD 536.2 million[10] - As of September 30, 2024, the group had 30 projects on hand, including ongoing and awarded but not yet commenced projects[10] - The total amount of unbilled revenue related to performance obligations as of September 30, 2024, was approximately HKD 509.8 million, compared to HKD 401.5 million as of September 30, 2023[10] Revenue Sources - Revenue from machinery leasing reached approximately HKD 17.2 million, a significant increase of about HKD 11.1 million or 182.0% compared to HKD 6.1 million in the previous period[12] - Income from foundation and site preparation engineering was HKD 379,691,000, up 55% from HKD 244,994,000 year-over-year[62] - Rental income from machinery increased to HKD 17,163,000, a significant rise from HKD 6,121,000 in the previous year[62] Expenses and Costs - Administrative expenses rose to approximately HKD 19.0 million, an increase of about HKD 3.4 million or 21.8% from HKD 15.6 million in the previous period, driven by increased contract asset impairment losses and wage costs[15] - The company incurred financial costs of HKD 767,000, an increase from HKD 431,000 in the previous year, primarily due to bank borrowings[69] - The company recognized impairment losses on contract assets amounting to HKD 2,367,000, compared to HKD 564,000 in the previous year[73] Assets and Liabilities - The total assets of the group as of September 30, 2024, were approximately HKD 337.6 million, a decrease from HKD 344.5 million as of March 31, 2024[22] - The total liabilities decreased to approximately HKD 202.2 million as of September 30, 2024, down from HKD 213.6 million as of March 31, 2024[22] - The company’s total liabilities decreased to HKD 188,828 million from HKD 202,465 million, a decline of about 6.7%[43] Cash Flow and Financial Position - The group’s cash and bank balances increased to approximately HKD 59.2 million as of September 30, 2024, compared to HKD 45.6 million as of March 31, 2024, due to net cash inflows from operating, investing, and financing activities totaling approximately HKD 13.6 million[23] - Operating cash flow for the six months ended September 30, 2024, was HKD 35,221 million, compared to HKD 15,534 million for the same period in 2023, an increase of 126.5%[50] - Cash and cash equivalents increased to HKD 59,185 million from HKD 45,630 million, representing a growth of 29.6%[50] Capital Expenditure - Capital expenditure during the period was approximately HKD 25.2 million, down from HKD 31.7 million for the six months ended March 31, 2024, primarily for the purchase of machinery and equipment[28] - The company purchased machinery and equipment at a cost of approximately HKD 20,703,000 during the six months ended September 30, 2024, compared to HKD 5,281,000 in the same period last year[79] Shareholder Information - As of September 30, 2024, Mr. Li Zhuojin holds 484,998,000 shares, representing 51.94% of the total issued shares[134] - Major shareholders include 彩暉環球, holding 484,998,000 shares (51.94%), and 得意環球有限公司, holding 190,002,000 shares (20.35%)[139] Governance and Compliance - The company is led by Mr. Li Zhuojin, who serves as both Chairman and CEO, with a focus on effective governance despite the dual role[131] - The company has established a risk management and internal control system with three independent non-executive directors to ensure adequate checks and balances[131] - The Audit Committee was established on September 21, 2017, consisting of three independent non-executive directors[147] Other Information - The company did not declare any interim dividend for the six months ending September 30, 2024[21] - The company has not recognized any significant loss allowance for deposits and other receivables as of September 30, 2024[95] - The group has been involved in several lawsuits and potential claims related to work injuries and civil litigation, but the board believes these will not have a significant impact on the financial statements[123]

Financial Performance - For the fiscal year ending March 31, 2024, the company reported revenue of approximately HKD 671.9 million, an increase of about 25.1% compared to HKD 537.3 million for the fiscal year ending March 31, 2023[179]. - The company's profit attributable to shareholders decreased to approximately HKD 3.7 million for the fiscal year ending March 31, 2024, down from HKD 9.8 million for the previous fiscal year[179]. - The gross profit margin of the company decreased due to intensified market competition leading to lower project profit margins[179]. Employee Management - Total employee costs, including director remuneration, amounted to approximately HKD 191.7 million for the year ending March 31, 2024, up from HKD 170.9 million for the previous year[22]. - The group employed a total of 406 employees as of March 31, 2024, down from 427 employees as of March 31, 2023, primarily due to a reduction in labor-intensive processes[22]. - The overall employee turnover rate for the group is approximately 11%, down from 19% in 2023, indicating improved employee retention[196]. - The male employee turnover rate is 9%, while the female employee turnover rate is 22%, showing a significant disparity in retention rates[196]. - The company maintains a strict recruitment process that does not consider race, gender, religion, age, or disability status, ensuring a non-discriminatory work environment[173]. - The company has established a performance evaluation system to assess employee performance and compensation annually, ensuring equal opportunities for all employees[173]. Corporate Governance - The company maintains high standards of corporate governance, which is essential for protecting and enhancing shareholder and stakeholder interests[60]. - The board has complied with the listing rules regarding the appointment of at least three independent non-executive directors, who provide impartial opinions on the group's strategy and performance[63]. - The company has adopted the corporate governance code as its own governance code and has complied with the relevant provisions during the reporting period[61]. - The audit committee consists of three independent non-executive directors, ensuring compliance with listing rules and corporate governance standards[54]. - The company has received annual independence confirmations from all independent non-executive directors, ensuring their compliance with independence standards[73]. Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report covers initiatives and efforts in corporate social responsibility and sustainable development for the year ending March 31, 2024[123]. - The company has implemented an environmental management system certified by ISO 14001:2015 to ensure compliance with environmental laws[142]. - The company has prioritized the use of ultra-low sulfur diesel to improve fuel efficiency and reduce Scope 1 greenhouse gas emissions[146]. - The company has adopted strategies to reduce air pollution and greenhouse gas emissions, including using clean technology in construction equipment[148]. - The company conducts regular assessments to determine the relevance of ESG issues to its business and stakeholders, prioritizing them based on their economic, environmental, and social impacts[139]. Risk Management - The company has established a risk management and internal control system, ensuring sufficient checks and balances within its management structure[66]. - The board is responsible for ensuring the effectiveness of the risk management and internal control systems to protect the group's assets[98]. - The internal control system has been deemed effective and sufficient as of March 31, 2024, following a review by the Audit Committee[100]. - The group has not established an internal audit function as per corporate governance code D.2.5, but has engaged an external consultant for annual reviews of risk management and internal control systems[104]. Future Outlook - The group remains optimistic about the future prospects of the Hong Kong construction industry, driven by government plans for large public infrastructure projects[24]. - The Hong Kong economy is expected to continue growing, driven by government investments in infrastructure and housing, which may create further opportunities in the construction sector[183]. - The total housing supply target for the next decade in Hong Kong is set at 432,000 units, reflecting optimism in the construction industry despite intense competition[180]. - The company aims to enhance project management effectiveness and control costs in response to the changing business environment[180]. Board Diversity and Composition - The board comprises five members, including one female director, indicating ongoing efforts to improve gender representation[48]. - The board has adopted a diversity policy aimed at achieving a balanced and sustainable development, recognizing the benefits of a diverse board[47]. - The company emphasizes the importance of gender diversity and is committed to providing career development opportunities for female employees[47]. - The company appointed Ms. Zhou Wenzhen as an executive director during the reporting period, enhancing board diversity[48]. Capital Investments - The group invested approximately HKD 31.7 million in machinery and equipment for the year ending March 31, 2024, compared to HKD 18.2 million for the year ending March 31, 2023[14]. - The group has no major investments or capital asset plans as of March 31, 2024[21]. - The group has no significant capital commitments or contingent liabilities as of March 31, 2024[17].

Financial Performance - For the fiscal year ending March 31, 2024, the revenue was approximately HKD 671.9 million, an increase of about 25.1% compared to HKD 537.3 million for the fiscal year ending March 31, 2023[4] - The gross profit for the fiscal year ending March 31, 2024, was approximately HKD 41.3 million, down from HKD 43.3 million for the fiscal year ending March 31, 2023[4] - The gross profit margin decreased to approximately 6.1% for the fiscal year ending March 31, 2024, compared to 8.1% for the fiscal year ending March 31, 2023[4] - The profit attributable to owners of the company for the fiscal year ending March 31, 2024, was approximately HKD 3.7 million, a decrease from HKD 9.8 million for the fiscal year ending March 31, 2023[4] - The earnings per share for the fiscal year ending March 31, 2024, was approximately HKD 0.4 cents, down from HKD 1.1 cents for the fiscal year ending March 31, 2023[4] - The group reported other income of HKD 1,680,000, a decrease from HKD 6,606,000 in the previous year, primarily due to the absence of government subsidies[27] - The annual profit for 2024 was HKD 3,699,000, a decrease of 62.4% compared to HKD 9,823,000 in 2023[34] - Other income significantly decreased to approximately HKD 1.7 million, a drop of about HKD 4.9 million or 74.2% from HKD 6.6 million in the previous year, primarily due to the absence of government subsidies[55] - The group recorded a net profit attributable to owners of approximately HKD 3.7 million, a decrease from HKD 9.8 million in the prior year, mainly due to the lack of government subsidies and increased market competition[60] Assets and Liabilities - Non-current assets increased to HKD 66.9 million in 2024 from HKD 50.5 million in 2023[7] - Current assets rose to HKD 277.6 million in 2024 from HKD 183.7 million in 2023, driven by an increase in contract assets[7] - Current liabilities increased significantly to HKD 202.5 million in 2024 from HKD 92.2 million in 2023, primarily due to higher trade and other payables[7] - The net asset value of the company increased to HKD 130.8 million in 2024 from HKD 127.1 million in 2023[7] - Total assets as of March 31, 2024, were approximately HKD 344.5 million, an increase from HKD 234.2 million in the previous year, while total liabilities rose to approximately HKD 213.6 million from HKD 107.1 million[61] Revenue Breakdown - Revenue from foundation and site preparation services was HKD 651,183,000, up from HKD 523,883,000, representing a growth of 24%[22] - Rental income from machinery increased to HKD 20,727,000 from HKD 13,416,000, marking a rise of 54%[22] - Revenue from foundation and site formation works reached approximately HKD 651.2 million, an increase of about HKD 127.3 million or 24.3% compared to HKD 523.9 million for the year ended March 31, 2023[52] - Revenue from machinery leasing amounted to approximately HKD 20.7 million, up by about HKD 7.3 million or 54.5% from HKD 13.4 million for the previous year[52] Employee Costs and Workforce - Total employee costs increased to HKD 187,453,000 in 2024 from HKD 166,291,000 in 2023, reflecting a rise of 12.8%[32] - Total employee costs, including director remuneration, amounted to approximately HKD 191.7 million for the year ended March 31, 2024, compared to HKD 170.9 million for the year ended March 31, 2023, indicating a significant increase in employee compensation[75] - As of March 31, 2024, the group employed a total of 406 employees, a decrease from 427 employees as of March 31, 2023, primarily due to fewer labor-intensive processes[75] Dividends - The company did not recommend the payment of a final dividend for the fiscal year ending March 31, 2024[4] - The company did not declare any dividends for the year ending March 31, 2024, consistent with 2023[33] - The company has decided not to recommend any final dividend for the year ended March 31, 2024[76] Future Outlook and Strategy - The Hong Kong economy continues to face challenges, but the government is expected to invest in infrastructure and housing, providing potential growth opportunities in the construction sector[48] - The company aims to expand its role from subcontractor to main contractor in foundation engineering projects[48] - The company will focus on cost control and improving efficiency in project management to navigate the competitive market[49] - The outlook for the Hong Kong construction industry remains optimistic, driven by government plans for large public infrastructure projects[78] - The group aims to enhance project cost control measures, strengthen project management teams, and improve production efficiency moving forward[78] Compliance and Governance - The audit committee, consisting of three independent non-executive directors, reviewed the annual performance for the year ended March 31, 2024, ensuring compliance with applicable accounting standards[86] - The independent auditor confirmed that the preliminary announcement figures for the year ended March 31, 2024, are consistent with the audited financial statements[88] Other Information - The group has not applied any new or revised Hong Kong Financial Reporting Standards that are not yet effective, which are expected to have no significant impact on performance or financial position[19] - The group’s financial statements were not significantly impacted by the amendments to Hong Kong Accounting Standards[16] - The group anticipates that the application of the revised standards will not lead to changes in the classification of liabilities as of March 31, 2024[20] - Capital expenditure for the year was approximately HKD 31.7 million, an increase from HKD 18.2 million in the previous year, primarily for purchasing machinery and equipment[67] - The company has adopted a share option scheme as a reward for directors and eligible employees, as detailed in the prospectus published on September 30, 2017[75] - The company has not encountered any significant labor disputes or difficulties in recruiting and retaining experienced employees during the reporting period[75] - The 2024 Annual General Meeting is scheduled for August 16, 2024[83]

Financial Performance - The group reported a revenue of approximately HKD 245.0 million for the six months ended September 30, 2023, a decrease of about HKD 21.9 million or 8.2% compared to HKD 266.9 million for the same period in 2022[12]. - The total revenue for the six months ended September 30, 2023, was HKD 251.1 million, a decrease from HKD 273.0 million for the same period in 2022[41]. - Revenue for the six months ended September 30, 2023, was HKD 251,115,000, a decrease of 8.0% from HKD 273,012,000 in the same period of 2022[62]. - Income from foundation and site preparation engineering was HKD 244,994,000, down 8.2% from HKD 266,954,000 year-on-year[62]. - The company's profit attributable to owners was approximately HKD 2.1 million for the reporting period, a decrease from HKD 8.9 million for the six months ended September 30, 2022, primarily due to the absence of HKD 6.0 million in employment support scheme subsidies and fewer large foundation and site leveling projects completed[19]. - The group reported a profit attributable to owners of the company of HKD 2,102,000, a decrease of 76.4% from HKD 8,907,000 in the same period last year[72]. - Basic and diluted earnings per share were HKD 0.00225, down from HKD 0.00953 in the previous year[72]. - The basic and diluted earnings per share for the period were 0.2 cents, compared to 1.0 cent for the same period in 2022[41]. Project and Contract Activity - The group completed 16 projects with a total original contract value of approximately HKD 428.8 million during the reporting period, and currently has 25 projects on hand as of September 30, 2023[9]. - The group received 12 new contracts during the reporting period, with an original total contract value of approximately HKD 141.4 million[9]. Cost and Expense Management - The gross profit for the reporting period was approximately HKD 17.9 million, a decrease of about HKD 2.0 million or 10.1% from HKD 19.9 million for the same period in 2022, resulting in a gross margin of approximately 7.1%[13]. - Administrative expenses for the reporting period were approximately HKD 15.6 million, a decrease of about HKD 0.9 million or 5.5% from HKD 16.5 million for the same period in 2022[15]. - Financial costs decreased to approximately HKD 0.4 million, a reduction of about HKD 0.4 million or 50.0% compared to HKD 0.8 million for the same period in 2022[17]. - Other income for the reporting period was approximately HKD 1.0 thousand, a significant decrease of about HKD 6.3 million or 100.0% compared to HKD 6.3 million for the same period in 2022[14]. - The group is focused on strict cost control measures and improving workflow efficiency in response to market competition and economic uncertainties in Hong Kong[8]. - The group aims to enhance its competitive advantage by closely monitoring service costs and market dynamics while providing quality services to clients[7]. Cash Flow and Financial Position - The total amount of unbilled revenue as of September 30, 2023, was approximately HKD 401.5 million, down from HKD 479.9 million as of September 30, 2022[9]. - As of September 30, 2023, the total assets of the group were approximately HKD 244.1 million, an increase from HKD 234.2 million as of March 31, 2023, with current assets amounting to approximately HKD 197.4 million[21]. - The total liabilities of the group as of September 30, 2023, were approximately HKD 114.9 million, up from HKD 107.1 million as of March 31, 2023, with current liabilities at approximately HKD 103.6 million[21]. - The group's cash and bank balances totaled approximately HKD 54.9 million as of September 30, 2023, compared to HKD 45.6 million as of March 31, 2023, reflecting a net cash inflow of approximately HKD 9.3 million from operating, investing, and financing activities[22]. - Operating cash flow for the six months ended September 30, 2023, was HKD 15,534,000, a decrease of 40.8% compared to HKD 26,255,000 in the same period of 2022[47]. - Cash and cash equivalents increased by HKD 9,295,000, reaching HKD 54,879,000 as of September 30, 2023, compared to HKD 47,944,000 in the prior year[47]. - The company repaid lease liabilities amounting to HKD (4,784,000), down from HKD (6,597,000) in the previous year, reflecting improved cash management[47]. - The company did not incur any new bank borrowings during the six months ended September 30, 2023, compared to HKD 3,000,000 in the same period of 2022[47]. - The company’s cash flow from operating activities was impacted by a decrease in operating income, which fell to HKD 15,406,000 from HKD 26,026,000 year-over-year[47]. Asset Management and Investments - The group invested approximately HKD 5.3 million during the reporting period in machinery, equipment, vehicles, and computer equipment, down from HKD 18.2 million as of March 31, 2023[28]. - The group had capital commitments of approximately HKD 15.2 million for the acquisition of machinery and equipment not provided for in the financial statements as of September 30, 2023[29]. - The group recognized impairment losses of HKD 613,000 on trade receivables and contract assets during the period[70]. - The group incurred a total depreciation expense of HKD 9,111,000 for machinery and right-of-use assets, compared to HKD 9,855,000 in the previous year[70]. - The group purchased machinery and equipment at a cost of approximately HKD 5,281,000, down from HKD 7,747,000 in the same period last year[76]. - For the six months ended September 30, 2023, the depreciation of right-of-use assets amounted to HKD 3,548,000, compared to HKD 3,304,000 for the same period in 2022, representing an increase of approximately 7.4%[80]. - Total cash outflow for leases during the six months was approximately HKD 5,215,000, down from HKD 7,385,000 in the same period of 2022, indicating a decrease of about 29.5%[81]. Shareholder and Governance Information - The board has resolved not to recommend any interim dividend for the six months ended September 30, 2023[20]. - The group did not declare or propose any dividends for the six months ended September 30, 2023, consistent with the previous year[71]. - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange rules during the reporting period[104]. - The company’s governance structure includes Mr. Li Chok Kam serving as both Chairman and CEO, which is noted as a deviation from the corporate governance code[104]. - The major shareholder, 彩暉環球, also holds 484,998,000 shares, equating to 51.94% of the issued shares, and is fully owned by Mr. Li Chok Kam[110]. - 得意環球有限公司 holds 190,002,000 shares, representing 20.35% of the issued shares, with Ms. Ren Yuan as a controlling shareholder[110]. - The company has not granted any share options since the adoption of the share option plan on September 21, 2017, which is set to expire on October 19, 2027[101]. - There were no share options granted or exercised during the reporting period, indicating a potential focus on other forms of employee incentives[101]. - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[116]. - As of September 30, 2023, there are no known changes in director information that require disclosure under the Listing Rules[117]. Legal and Compliance - As of September 30, 2023, the company has no provisions made for ongoing litigation and potential claims, as it is believed they will not have a significant impact on the financial statements[20]. - The Audit Committee, established on September 21, 2017, reviewed the unaudited condensed consolidated financial statements for the reporting period[119]. - There have been no significant subsequent events after the reporting period[118].

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，概不對因本公告全部或任 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 WING CHI HOLDINGS LIMITED 榮 智 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：6080） 截至2023年9月30日止六個月之中期業績 榮智控股有限公司（「本公司」）董事會（「董事會」）欣然宣佈，本公司及其附屬公司 （統稱「本集團」）截至2023年9月30日止六個月之未經審核簡明綜合財務報表如下： 財務摘要 1. 截至2023年9月30日止六個月之收益約為251.1百萬港元，較2022年同期減 少約8.0%。 2. 截至2023年9月30日止六個月之毛利約為17.9百萬港元，較2022年同期減少 約10.1%。 3. 截至2023年9月30日止六個月之毛利率約為7.1%，而2022年同期則約為7.3%。 4. 截至2023年9月30日止六個月之本公司擁有人應佔溢利約為2.1百萬港元， 而2022年同期則約為8.9百萬港元。本公司擁有人應佔純利減少主要由於 ...

Financial Performance - The company reported a revenue of approximately HKD 537.3 million for the year ended March 31, 2023, representing an increase of about 27.6% compared to HKD 421.1 million for the year ended March 31, 2022[5]. - The profit attributable to shareholders significantly increased to approximately HKD 9.8 million for the year ended March 31, 2023, compared to HKD 4.4 million for the previous year[5]. - The group's gross profit for the year ended March 31, 2023, was approximately HKD 43.3 million, compared to HKD 29.6 million for the year ended March 31, 2022, representing an improvement in gross margin from 7.0% to 8.1%[13]. - Other income increased significantly to approximately HKD 6.6 million for the year ended March 31, 2023, up 153.8% from approximately HKD 2.6 million for the year ended March 31, 2022, primarily due to government subsidies[14]. - The group recorded a net profit attributable to owners of approximately HKD 9.8 million for the year ended March 31, 2023, compared to HKD 4.4 million for the year ended March 31, 2022, reflecting improved gross profit and government subsidies[20]. Revenue Sources - Revenue from foundation and site formation works reached approximately HKD 523.9 million, an increase of about 27.5% from HKD 410.9 million in the previous year[10]. - Revenue from machinery leasing amounted to approximately HKD 13.4 million, reflecting a growth of about 31.4% from HKD 10.2 million in the previous year[10]. Contracts and Projects - The company secured 34 new contracts with a total original contract value of approximately HKD 678.4 million during the fiscal year[9]. - As of March 31, 2023, the company had 29 projects on hand, including ongoing and awarded but not yet commenced projects[9]. Cost Management and Efficiency - The gross profit margin improved due to successful cost control measures implemented on projects[5]. - The company will continue to monitor market conditions closely and implement measures to control costs and improve project management efficiency[8]. - The company aims to improve project cost control measures and enhance project management teams to increase productivity[52]. Assets and Liabilities - Total assets as of March 31, 2023, were approximately HKD 234.2 million, up from approximately HKD 215.0 million as of March 31, 2022, with current assets increasing to approximately HKD 183.7 million[21]. - Total liabilities increased to approximately HKD 107.1 million as of March 31, 2023, from approximately HKD 97.7 million as of March 31, 2022, with current liabilities at approximately HKD 92.2 million[21]. - The debt-to-equity ratio as of March 31, 2023, was approximately 16.0%, up from 7.0% as of March 31, 2022, indicating a rise in leverage[22]. Employee and Labor Information - The total employee cost for the year ended March 31, 2023, was approximately HKD 170.9 million, a significant increase from HKD 116.8 million for the year ended March 31, 2022[47]. - The number of employees increased to 427 as of March 31, 2023, from 363 as of March 31, 2022, primarily due to labor-intensive projects[47]. - The employee turnover rate for full-time staff was approximately 19%, a significant decrease from 41% in 2022[165]. Governance and Compliance - The company has maintained a high standard of corporate governance, adhering to the guidelines set forth by the Hong Kong Stock Exchange[66]. - The board consists of five directors, including two executive directors and three independent non-executive directors, complying with listing rules[75]. - The company has adopted a board diversity policy aimed at achieving a balanced and sustainable development, recognizing the benefits of a diverse board[86]. Environmental, Social, and Governance (ESG) Initiatives - The company has established an effective governance structure to oversee environmental, social, and governance (ESG) matters, with management responsible for identifying business risks and formulating related strategies[131]. - The ESG report complies with the Hong Kong Stock Exchange's guidelines, ensuring mandatory disclosure requirements are met[132]. - The company has identified significant ESG issues, including emissions, energy consumption, waste management, and climate change, which are prioritized based on their impact on stakeholders[139]. Health and Safety - The company has implemented strict health and safety regulations on construction sites, requiring employees to wear personal protective equipment such as helmets and safety goggles[169]. - The company reported zero work-related fatalities for the fiscal years 2020/21, 2021/22, and 2022/23, maintaining a work-related death rate of 0%[172]. - The number of reported accidents resulting in more than three days of sick leave increased from 4 in 2021/22 to 9 in 2022/23, indicating a rise in workplace incidents[172]. Community Engagement - The group participated in multiple meaningful activities organized by charitable organizations, including "Casual Day 2022" and "Green Low Carbon Day 2022," to support community needs[190]. - The group sponsored the 2023 Annual Safety Seminar organized by the Registered Safety Officers Association, with over 100 attendees sharing safety and health information[190].

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，概不對因本公告全部或任 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 WING CHI HOLDINGS LIMITED 榮 智 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：6080） 截至2023年3月31日止年度之年度業績 榮智控股有限公司（「本公司」）董事會（「董事會」）欣然宣佈，本公司及其附屬公司 （統稱「本集團」）截至2023年3月31日止年度之綜合財務報表如下： 財務摘要 1. 截至2023年3月31日止年度之收益約為537.3百萬港元，較截至2022年3月31 日止年度增加約27.6%。 2. 截至2023年3月31日止年度之毛利約為43.3百萬港元，而截至2022年3月31日 止年度之毛利則約為29.6百萬港元。 3. 截至2023年3月31日止年度之毛利率約為8.1%，而截至2022年3月31日止年 度之毛利率則約為7.0%。 4. 截至2023年3月31日止年度之本公司擁有人應佔溢利約為9.8百萬港元，而 截至2022年3月3 ...

Financial Performance - The group reported a revenue of approximately HKD 266.9 million from foundation and site preparation works, an increase of about HKD 62.8 million or 30.8% compared to HKD 204.1 million for the same period last year[11]. - Revenue for the six months ended September 30, 2022, was approximately HKD 273.0 million, compared to approximately HKD 209.4 million for the same period in 2021, representing a growth of approximately 30.4%[43]. - Total revenue for the six months ended September 30, 2022, was HKD 273,012,000, a 30.4% increase from HKD 209,386,000 in the same period of 2021[58]. - The company's profit attributable to owners for the reporting period was approximately HKD 8.9 million, an improvement from approximately HKD 1.3 million for the six months ended September 30, 2021, mainly due to improved gross profit and a HKD 6.0 million employment subsidy received[20]. - The company reported a net profit of HKD 8,907,000 for the six months ended September 30, 2022, compared to a net profit of HKD 1,325,000 for the same period in 2021, representing a significant increase[47]. - The company's basic and diluted earnings per share for the reporting period were 1.0 cents, compared to 0.1 cents for the same period in 2021[43]. Profitability and Expenses - The group's gross profit reached approximately HKD 19.9 million, an increase of about HKD 7.4 million or 59.2% compared to HKD 12.5 million for the same period last year, resulting in a gross profit margin of approximately 7.3%[12]. - Other income for the group amounted to approximately HKD 6.3 million, a significant increase of about HKD 5.2 million or 472.7% compared to HKD 1.1 million for the same period last year, primarily due to government subsidies[13]. - Administrative expenses increased to approximately HKD 16.5 million, up about HKD 4.8 million or 41.0% from HKD 11.7 million for the same period last year, mainly due to increased salary costs and provisions for losses[15]. - Financial costs rose to approximately HKD 0.8 million, an increase of about HKD 0.6 million or 300.0% compared to HKD 0.2 million for the same period last year, attributed to higher lease liabilities[18]. Assets and Liabilities - Total assets as of September 30, 2022, were approximately HKD 256.6 million, up from approximately HKD 215.0 million as of March 31, 2022, with current assets increasing to approximately HKD 197.8 million from approximately HKD 161.9 million[22]. - Total liabilities as of September 30, 2022, were approximately HKD 130.4 million, compared to approximately HKD 97.7 million as of March 31, 2022, with current liabilities rising to approximately HKD 114.0 million from approximately HKD 89.0 million[22]. - The company's equity attributable to owners was approximately HKD 126.2 million as of September 30, 2022, an increase from approximately HKD 117.3 million as of March 31, 2022[23]. Cash Flow and Investments - Operating cash flow for the six months ended September 30, 2022, was HKD 26,255,000, up from HKD 1,103,000 in the previous year, indicating improved operational efficiency[49]. - The company incurred a net cash outflow from investing activities of HKD 8,829,000, compared to HKD 4,968,000 in the prior year, indicating increased investment in assets[49]. - The company’s financing activities generated a net cash inflow of HKD 5,155,000, a turnaround from a net cash outflow of HKD 1,301,000 in the previous year[49]. - Cash and cash equivalents increased to HKD 47,944,000 as of September 30, 2022, compared to HKD 33,590,000 at the end of the previous period[49]. Projects and Contracts - The group secured 19 new contracts during the reporting period, with a total original contract value of approximately HKD 384.4 million, and completed 11 projects with an original contract value of approximately HKD 175.0 million[8]. - The group had a total of 29 projects on hand as of September 30, 2022, including ongoing and awarded but not yet commenced projects[8]. - The total amount of unbilled revenue related to performance obligations as of September 30, 2022, was approximately HKD 479.9 million, compared to HKD 367.9 million as of September 30, 2021[8]. Future Outlook and Strategy - The group aims to expand its scope of work in the construction industry and aspires to become a general contractor for foundation works in the future[6]. - The group will continue to monitor service costs and market trends closely to enhance its competitiveness in the market[6]. - The company plans to continue focusing on its core business of foundation and site preparation services, with no significant changes in operational strategy indicated[59]. Shareholder Information and Governance - As of September 30, 2022, Mr. Li Zhuojin holds 484,998,000 shares, representing 51.94% of the issued shares through a controlled corporation[109]. - Major shareholders include Caihui Global Limited and De Yi Global Limited, holding 51.94% and 20.35% of shares respectively[113]. - The company has adopted the corporate governance code as per the listing rules and has complied with it during the reporting period, except for the separation of roles between the Chairman and CEO[106]. - The audit committee was established on September 21, 2017, to review financial information and monitor the financial reporting system[122]. - The audit committee consists of three independent non-executive directors, including Mr. Chan Chung-kik, Mr. Wong Chik-kong, and Mr. Lee Kwok-lun[123].

Financial Performance - The company recorded revenue of approximately HKD 421.1 million for the year ended March 31, 2022, representing a slight increase of about 2.3% compared to HKD 411.8 million for the year ended March 31, 2021[5]. - The profit attributable to shareholders significantly increased to approximately HKD 4.4 million, compared to a loss of approximately HKD 46.4 million for the previous year[5]. - Revenue from foundation and site formation works for the year ended March 31, 2022, was approximately HKD 410.9 million, an increase of about HKD 11.3 million or 2.8% compared to the previous year[13]. - Revenue from machinery leasing decreased to approximately HKD 10.2 million, a reduction of about HKD 2.0 million or 16.4% from approximately HKD 12.2 million in the previous year[13]. - Gross profit for the year ended March 31, 2022, was approximately HKD 29.6 million, compared to a gross loss of approximately HKD 29.6 million in the previous year, resulting in a gross profit margin of about 7.0%[16]. - Other income for the year ended March 31, 2022, was approximately HKD 2.6 million, a decrease of about HKD 3.0 million or 53.6% from approximately HKD 5.6 million in the previous year[17]. - Administrative expenses increased to approximately HKD 25.8 million, an increase of about HKD 4.0 million or 18.3% compared to approximately HKD 21.8 million in the previous year[18]. - Net profit attributable to owners for the year ended March 31, 2022, was approximately HKD 4.4 million, a significant improvement from a loss of approximately HKD 46.4 million in the previous year[23]. Project and Contract Management - The company was awarded 20 new contracts with a total original contract value of approximately HKD 296.1 million and completed 31 projects with an original total contract value of approximately HKD 434.2 million[12]. - As of March 31, 2022, the company had 21 projects on hand, including ongoing and awarded but not yet commenced projects[12]. - The total amount of unbilled revenue allocated to performance obligations was approximately HKD 390.5 million as of March 31, 2022, compared to HKD 428.2 million in 2021[12]. Industry Outlook and Strategy - The company remains optimistic about the construction industry due to ongoing government investments in infrastructure and housing, which are expected to increase potential development opportunities[6]. - The company will continue to implement strict cost control measures and improve workflow efficiency in response to market competition and economic uncertainties[11]. - The company is actively seeking opportunities to expand its scope of work beyond being a subcontractor to becoming a general contractor in foundation engineering[10]. - The company will continue to focus on improving project cost control measures, strengthening project management teams, and enhancing production efficiency[55]. Corporate Governance - The company reported a strong performance with a focus on maintaining high corporate governance standards, which is essential for protecting and enhancing shareholder and stakeholder interests[73]. - The board of directors consists of six members, including two executive directors, one non-executive director, and three independent non-executive directors, ensuring a diverse governance structure[79]. - The company has adopted a board diversity policy aimed at achieving a balanced and sustainable development, recognizing the benefits of a diverse board on performance quality[88]. - The company has complied with the corporate governance code during the reporting period, except for the separation of the roles of chairman and CEO, which is currently held by the same individual[74]. - The company emphasizes the importance of effective corporate governance as a fundamental aspect of its operations[73]. - The company has a strong commitment to compliance with the standards of the securities trading code, with all directors confirming adherence during the reporting period[75]. Risk Management and Compliance - The board is responsible for maintaining a comprehensive risk management and internal control system to safeguard the group's assets and ensure compliance with applicable laws and regulations[107]. - During the reporting period, the group identified and assessed significant risks, confirming the establishment and adherence to appropriate internal control policies and procedures[107]. - The group has engaged an external independent consulting firm to review the effectiveness and efficiency of its risk management and internal control systems, with recommendations being implemented in phases[107]. - The company has not been aware of any significant legal issues related to bribery, fraud, or money laundering during the reporting period[182]. Environmental, Social, and Governance (ESG) - The company adheres to the Environmental, Social, and Governance (ESG) reporting guidelines set by the Hong Kong Stock Exchange, ensuring compliance with all "comply or explain" provisions during the reporting period[124]. - The company has established an environmental management system in accordance with ISO 14001:2015 to improve its ability to identify, reduce, and manage negative environmental impacts[131]. - The company has implemented measures to reduce air pollutant emissions, including the use of low-sulfur diesel in machinery and regular dust suppression during construction activities[132]. - The company aims to achieve energy savings and waste reduction through various environmental initiatives[147]. - The company has a commitment to environmental goals set by the Hong Kong SAR government regarding emissions, energy, water, material usage, and waste management[132]. Employee Management and Training - The total employee cost for the year ended March 31, 2022, was approximately HKD 116.8 million, up from HKD 104.5 million for the previous year, indicating an increase of 11.0%[49]. - The group employed a total of 363 employees as of March 31, 2022, compared to 319 employees as of March 31, 2021, representing a significant increase of 13.8%[49]. - The employee turnover rate for full-time staff was approximately 41%, with 18 full-time employees leaving the company during the reporting period[159]. - 16% of employees participated in training during the reporting year, with 15% of male employees and 26% of female employees engaged in training[169]. - The company has a performance evaluation system in place to review employee performance and compensation annually[152]. Health and Safety - The company reported zero work-related fatalities for the years 2019/20, 2020/21, and 2021/22, maintaining a work-related death rate of 0%[165]. - The company is committed to continuous improvement in occupational health and safety training, with regular safety meetings held among staff[163]. - The company has implemented a comprehensive occupational health and safety management system certified to ISO 45001:2018[162]. - The company has received awards for safety, including "The Best Safety Worker" and "The Best Safety Sub-contractor" during the reporting period[166].

Financial Performance - The group reported a revenue of approximately HKD 204.1 million from foundation and site preparation works, an increase of about HKD 30.3 million or 17.4% compared to HKD 173.8 million for the same period last year[11]. - Revenue for the six months ended September 30, 2021, was HKD 209,386,000, an increase of 15.1% compared to HKD 182,001,000 in 2020[39]. - Gross profit for the same period was HKD 12,511,000, a significant recovery from a gross loss of HKD 17,626,000 in 2020[39]. - The company reported a profit before tax of HKD 1,715,000, compared to a loss of HKD 27,527,000 in the previous year[39]. - Net profit for the period was HKD 1,325,000, recovering from a loss of HKD 27,508,000 in the same period last year[39]. - Basic and diluted earnings per share were HKD 0.1 cents, compared to a loss of HKD 2.9 cents per share in 2020[39]. - The group’s profit attributable to owners during the reporting period was approximately HKD 1.3 million, an improvement from a loss of approximately HKD 27.5 million for the six months ended September 30, 2020, primarily due to gross profit generated during the period[19]. Project and Contract Activity - The group completed 15 projects with a total original contract value of approximately HKD 255.7 million during the reporting period, and currently has 22 projects on hand[8]. - The group secured 7 new contracts with an original total contract value of approximately HKD 103.2 million during the reporting period[8]. - The total amount of unbilled revenue related to performance obligations as of September 30, 2021, was approximately HKD 367.9 million, compared to HKD 316.6 million as of September 30, 2020[8]. Income and Expenses - Other income for the reporting period was approximately HKD 1.1 million, a decrease of about HKD 1.0 million or 47.6% compared to HKD 2.1 million for the same period last year[13]. - The group’s machinery rental income decreased to approximately HKD 5.3 million, down about HKD 2.9 million or 35.4% from HKD 8.2 million for the same period last year[11]. - The total employee cost during the reporting period was approximately HKD 63.1 million, compared to approximately HKD 41.3 million for the six months ended September 30, 2020, due to hiring more employees for construction projects[33]. - The group’s administrative expenses during the reporting period were approximately HKD 11.7 million, showing no significant change compared to approximately HKD 11.8 million for the six months ended September 30, 2020[14]. Assets and Liabilities - The total assets of the group as of September 30, 2021, were approximately HKD 176.0 million, down from approximately HKD 217.8 million as of March 31, 2021[21]. - The total liabilities of the group as of September 30, 2021, were approximately HKD 61.7 million, a decrease from approximately HKD 104.9 million as of March 31, 2021[21]. - Current liabilities decreased to HKD 56,229,000 from HKD 98,595,000, indicating improved liquidity[41]. - The total value of trade and other receivables decreased to HKD 11,969,000 as of September 30, 2021, from HKD 25,781,000 as of March 31, 2021, indicating a reduction of approximately 53.6%[80]. - Trade receivables were reported at HKD 10,989,000 as of September 30, 2021, down from HKD 24,490,000 as of March 31, 2021, a decline of 55.2%[80]. Investments and Cash Flow - The group invested approximately HKD 10.0 million during the reporting period in acquiring machinery and equipment, down from approximately HKD 20.2 million as of March 31, 2021[27]. - The company plans to continue focusing on machinery and equipment investments, with cash outflow for purchases amounting to HKD 8,363,000 during the period[48]. - Operating cash flow for the six months was HKD 1,103,000, a recovery from an outflow of HKD 3,542,000 in 2020[48]. - Cash and cash equivalents at the end of the period were HKD 33,590,000, a decrease from HKD 38,756,000 at the beginning of the period[48]. Corporate Governance and Compliance - The company has complied with the corporate governance code during the reporting period, except for the separation of roles between the chairman and the CEO[103]. - The company confirmed that all directors have complied with the standards set out in the securities trading code during the reporting period[104]. - The company has maintained compliance with corporate governance standards as per the relevant regulations[117]. Shareholder Information - As of September 30, 2021, Mr. Li Zhuojin holds 484,998,000 shares, representing 51.94% of the total issued shares of the company[105]. - The major shareholder, Caihui Global Limited, also holds 484,998,000 shares, equivalent to 51.94% of the total issued shares[109]. Subsequent Events and Other Information - There were no significant subsequent events after the reporting period[116]. - The company did not declare or propose any dividends for the six months ended September 30, 2021[67]. - The company had no significant acquisitions or disposals of subsidiaries or associates during the reporting period[30].