截至二零二五年三月三十一日止年度 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佈之內容概不負 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 對 因 本 公 佈 全 部 或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Dragon Rise Group Holdings Limited 龍昇集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6829） 截至二零二五年三月三十一日止年度 全年業績公佈 財務摘要 龍 昇 集 團 控 股 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）欣 然 呈 列 本 公 司 及 其 附 屬 公 司（統 稱「本集團」）截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度（「回顧年度」） 的綜合財務業績，連同截至二零二四年三月三十一日止相應年度（「二零二四財年」） 的比較數字。 – 1 – • 回顧年度本集團的收益約為1,314.1百 萬 港 元（二 零 二 四 財 年：約945.9百 萬 港 元）。 • 回顧年度毛利率約為3.7%（二零二四財年：約4.2%）。 ...

鉴于香港新能源汽车的庞大商机，并得到政府计划推广采用新能源汽车及可持续交通方案的支持，董事 会认为，透过框架协议组成战略合作有益于本集团，以从香港新能源汽车的增长需求中获利，提高本集 团的收益多元化及盈利能力，加强可持续发展。 透过订立框架协议，订约各方可携手合作，并善用彼等各自商业上可动用的资源互相支持，以开发及建 设重要基础建设(包括电池更换站及配套设施)，同时，共同推广及加强新能源汽车技术及服务以改进新 能源汽车的营运效率，且就拓展区域市场奠定基础。董事会认为，订约各方的有关战略合作与本集团的 策略一致，以减少碳排放，并为新能源业务成立具竞争力的中心。 智通财经APP讯，龙昇集团控股(06829)发布公告，于2025年6月13日，本公司非全资附属公司龙昇汽车 服务有限公司(龙昇汽车服务)与一间汽车贸易商(汽车贸易商);一间流动能源解决方案供应商(流动能源解 决方案供应商);及一间数字能源服务供应商(数字能源服务供应商)订立战略合作框架协议(框架协议)，以 透过建设能源补充基础建设及推动交通电气化，共同于香港推动新能源产业发展，致力建立完善的电池 更换网络。 根据框架协议，龙昇汽车服务将负责电池更换业务的 ...

Revenue and Profit Performance - The Group's revenue for the Reporting Period amounted to approximately HK$471.8 million, representing a 42.4% increase compared to the corresponding period last year[21] - The Group's gross profit increased by 3.0% to HK$23.9 million during the Reporting Period[21] - The Group's net profit amounted to approximately HK$5.6 million, a 3.7% increase compared to the previous year[21] - Revenue increased by HK$140.5 million (42.4%) to HK$471.8 million, driven by an increase in the number of sizable projects[30][32] - Gross profit rose by HK$0.7 million (3.0%) to HK$23.9 million, but gross profit margin decreased to 5.1% from 7.0% due to low profit margins on certain projects[31][33] - Net profit increased by HK$0.2 million (3.7%) to HK$5.6 million, primarily due to higher gross profit[39][44] - Revenue for the six months ended 30 September 2024 increased to HK$471,830 thousand, up 42.4% from HK$331,316 thousand in the same period last year[83] - Gross profit for the six months ended 30 September 2024 was HK$23,862 thousand, a 2.7% increase from HK$23,230 thousand in the same period last year[83] - Profit for the period attributable to equity holders of the Company was HK$5,916 thousand, up 9.8% from HK$5,388 thousand in the same period last year[83] - Total comprehensive income for the period was HK$6,255 thousand, a 16.1% increase from HK$5,387 thousand in the same period last year[86] - Profit for the period attributable to equity holders of the Company increased to HK$5,916,000 in 2024 from HK$5,388,000 in 2023[165] Project and Contract Awards - The Group was awarded 6 projects with an original contract sum of approximately HK$586.8 million during the Reporting Period[21] - The total nominal value of completed construction works by major contractors in Hong Kong in Q2 2024 amounted to HK$68.3 billion, a 2.3% increase compared to the same period in 2023[11] - The total amount of piling and related foundation projects in Q1 2024 was HK$469.2 million, a 14.3% decrease compared to the previous year, and further dropped to HK$442.8 million in Q2 2024, reflecting a 20.5% decrease YOY[13] Economic and Infrastructure Outlook - Hong Kong's real GDP increased by 3.3% year-on-year in Q2 2024[10] - The Government forecasts Hong Kong's real GDP growth in 2024 to be within the range of 2.5-3.5%[22] - Annual expenses on infrastructure projects in Hong Kong are expected to average around HK$90 billion, a 17% increase compared to the past five years' average of HK$76 billion per year[23] Financial Costs and Expenses - Administrative expenses rose by HK$3.7 million (26.6%) to HK$17.6 million, primarily due to increased staff costs[36][41] - Finance costs surged by HK$2.0 million (2,000.0%) to HK$2.1 million, driven by higher average borrowings[37][42] - Income tax expense decreased by HK$0.3 million (15.8%) to HK$1.6 million, due to an increase in deferred tax credit[38][43] - Bank loans interest and finance charges on lease liabilities increased to HK$2,111,000 in 2024 from HK$140,000 in 2023[146] - Total income tax expense decreased to HK$1,573,000 in 2024 from HK$1,885,000 in 2023[156] Cash Flow and Financial Position - Total cash, bank balances, and pledged bank deposits decreased to HK$63.4 million from HK$134.0 million, mainly due to increased trade receivables[47] - Short-term bank borrowings and corporate bonds decreased to HK$50.7 million from HK$58.5 million, with a gearing ratio of 19.2%[48] - The Group's cash, bank balances, and pledged bank deposits totaled approximately HK$63.4 million as of 30 September 2024, down from HK$134.0 million as of 31 March 2024, primarily due to an increase in trade receivables[52] - The Group's short-term bank borrowings and corporate bonds amounted to approximately HK$50.7 million as of 30 September 2024, compared to HK$58.5 million as of 31 March 2024[52] - The Group's gearing ratio (total borrowings including lease liabilities divided by total equity) was approximately 19.2% as of 30 September 2024, down from 23.1% as of 31 March 2024[52] - Net cash used in operating activities was HK$73,868,000, compared to HK$11,789,000 generated in the same period last year[115] - Net cash generated from investing activities was HK$273,000, compared to HK$10,279,000 used in the same period last year[115] - Net cash from financing activities was HK$2,027,000, compared to HK$5,051,000 in the same period last year[115] - Cash and cash equivalents at the end of the period were HK$29,051,000, compared to HK$77,643,000 at the end of the same period last year[115] Investments and Capital Expenditures - The Group invested approximately HK$0.3 million in the purchase of property, plant, and equipment during the Reporting Period, all financed by internal resources[58][61] - The Group raised net proceeds of approximately HK$15.0 million from the placing of 240,000,000 shares in August 2024, which were fully utilized for general working capital by October 2024[68][69][72] - Placing of shares generated HK$15,360,000, with transaction costs of HK$309,000[108][109] Staff and Operational Costs - The Group employed 425 full-time employees as of 30 September 2024, up from 338 as of 31 March 2024, with total staff costs of approximately HK$90.7 million for the Reporting Period, compared to HK$63.3 million in the corresponding period of 2023[70][73] - Staff costs (including Directors' remuneration) rose to HK$90,668,000 in 2024 from HK$63,264,000 in 2023[148] - Depreciation expenses decreased to HK$6,427,000 in 2024 from HK$10,424,000 in 2023[148] - Lease charges for short-term office and machinery leases totaled HK$8,928,000 in 2024 compared to HK$12,117,000 in 2023[148] - Cost of sales of construction materials increased to HK$60,998,000 in 2024 from HK$49,290,000 in 2023[148] Share Consolidation and Rights Issue - The Group proposed a share consolidation of every 10 issued shares into 1 consolidated share with a par value of HK$0.10 each, and announced a rights issue to raise up to approximately HK$28.8 million, which was not completed as of the report date[77][78] - The Company announced a share consolidation and rights issue, proposing to consolidate every 10 issued shares into 1 share and issue up to 144,000,000 new shares to raise approximately HK$28.8 million[80] Assets and Liabilities - Current assets as of 30 September 2024 were HK$359,975 thousand, a decrease of 8.3% from HK$392,558 thousand as of 31 March 2024[89] - Net current assets as of 30 September 2024 were HK$268,509 thousand, a 9.4% increase from HK$245,525 thousand as of 31 March 2024[89] - Total assets less current liabilities as of 30 September 2024 were HK$293,167 thousand, a 7.7% increase from HK$272,147 thousand as of 31 March 2024[89] - Equity attributable to equity holders of the Company as of 30 September 2024 was HK$288,708 thousand, an 8.0% increase from HK$267,497 thousand as of 31 March 2024[92] - The Group's reserves increased to HK$274,308,000 as at 30 September 2024, compared to HK$255,497,000 as at 31 March 2024[110] - Total property, plant, and equipment net book value as of 30 September 2024 is HK$20,168,000, compared to HK$21,712,000 as of 31 March 2024[173] - Right-of-use assets for office premises and motor vehicles as of 30 September 2024 are HK$4,080,000 and HK$452,000 respectively, compared to HK$649,000 and HK$570,000 as of 31 March 2024[183][184] - Investment property carrying amount decreased to HK$3,490,000 as of 30 September 2024 from HK$3,910,000 as of 31 March 2024[189] - Trade receivables from third parties as of 30 September 2024 are HK$74,829,000, with an ECL allowance of HK$732,000[194] - Prepayment for purchasing materials as of 30 September 2024 is HK$3,735,000, compared to HK$408,000 as of 31 March 2024[195] - Trade receivables credit terms range from 28 to 90 days, consistent with the previous period (31 March 2024)[198] - ECL allowance for trade receivables as of 30 September 2024 is HK$732,000, significantly higher than the audited HK$27,000 as of 31 March 2024[200] - ECL rates for trade receivables are used as a reasonable approximation for contract assets due to shared credit risk characteristics[199] - ECL allowance estimation incorporates historical default experience, debtor financial position analysis, and forward-looking information[200] Other Income and Expenses - Other gains increased by HK$2.5 million (192.3%) to HK$1.2 million, mainly due to new consultancy fee income and exchange difference gains[35][40] - Net losses from changes in fair value on investment property were HK$420 thousand, while consultancy fee income was HK$625 thousand[144] - Rental income and interest income were HK$84 thousand and HK$563 thousand, respectively, with a net exchange difference of HK$303 thousand[144] - Interest received from investing activities was HK$563,000[115] - Outgoings for investment property were HK$50,609,000 in 2024, with no comparable figure in 2023[148] Dividend and Share Information - No interim dividend was paid or declared during the six months ended 30 September 2024[160] - Weighted average number of ordinary shares increased to 1,440,000,000 in 2024 from 1,200,000,000 in 2023[165] Company Address Change - The Company's registered office and principal place of business changed to Unit 09, 28/F, North Tower, Concordia Plaza, 1 Science Museum Road, Tsim Sha Tsui, Kowloon, Hong Kong, effective from 13 May 2024[117] Revenue Breakdown - Contracting revenue accounted for HK$418,071 thousand of the total revenue, while sales of construction materials contributed HK$53,759 thousand[129] - Revenue from major customers: Customer B contributed HK$128,507 thousand, Customer C contributed HK$156,207 thousand, and Customer D contributed HK$94,396 thousand[139]

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佈之內容概不負 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 對 因 本 公 佈 全 部 或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Dragon Rise Group Holdings Limited 龍昇集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6829） 截至二零二四年九月三十日止六個月 中期業績公佈 | --- | --- | |-------|-------------------------------------------------------------------------------------------------------------------------------| | | | | | 財務摘要 | | • | 於報告期間本集團的收益約為 471.8 百 萬 港 元（截 至 二 零 二 三 年 九 月 三 十 日止六個月：約 331.3 百 萬 港 元）。 | | • | 於報告期間本公司權益持有人應佔溢利約為 5.9 ...

Financial Performance - The Group's total revenue for the year ended March 31, 2024, was approximately HK$945.9 million, representing a 20.3% increase from HK$786.2 million in the previous year[13]. - Gross profit for the Group increased to HK$39.5 million, up 63.2% from HK$24.2 million in the prior year[13]. - The overall revenue for the Group reached approximately HK$945.9 million, an increase of 20.3% compared to HK$786.2 million in the previous year[39]. - Gross profit increased by approximately HK$15.3 million or approximately 63.2% from approximately HK$24.2 million to approximately HK$39.5 million, with a gross profit margin of approximately 4.2% compared to 3.1% in the Last Year[42]. - Net profit decreased to approximately HK$4.2 million from approximately HK$7.9 million, resulting in a net profit margin of approximately 0.4% compared to 1.0% in the Last Year[53]. Construction Industry Overview - The total nominal value of construction projects completed by major contractors in Hong Kong reached HK$271 billion in 2023, an increase of 8.8% compared to 2022[12]. - In the piling and foundation industry, the nominal value for 2023 was approximately HK$21,468 million, significantly up from HK$14,477 million in 2022[12]. - The actual total value of construction projects in 2023 showed a significant growth of 9.9% compared to 2022 after adjusting for price changes[26]. - As of December 2023, there were 845 public construction sites in Hong Kong, indicating a year-on-year increase of 9.0%[26]. - The Development Bureau anticipates approximately 3,370 hectares of land will be available for development in the next decade, presenting favorable prospects for the foundation industry[34]. Challenges and Risks - The construction industry faces challenges such as rising labor costs and material price volatility, alongside a shortage of labor supply due to demographic changes[18]. - The Group's business is significantly influenced by the property market in Hong Kong, with potential adverse effects on project availability if there is a slowdown in market transactions and prices[74]. - The Group faces compliance risks related to various laws and regulations, which may increase operational costs and affect financial performance if new requirements are imposed[76]. - The Group's revenue is derived from non-recurrent projects, and there is no guarantee of securing new contracts, which may lead to significant fluctuations in business volume[85]. Strategic Initiatives - The Group is strategically expanding into new markets and sectors, exploring opportunities in nearby regions and deepening cooperation with other corporations[20]. - The Group plans to diversify its income sources by venturing into trading construction materials and new energy sectors[36]. - The Group aims to achieve greater accomplishments to reward shareholders while navigating both opportunities and challenges in the market[21]. Environmental Management - The Group has established an environmental management system compliant with ISO 14001:2015 standards to minimize environmental impact from construction activities[93]. - As of 31 March 2024, the Group has 139 machines regulated under the NRMM Regulation, with 38 machines exempted and 101 machines approved by the Hong Kong Environmental Protection Department[94]. - The Group plans to acquire new, more environmentally friendly machines and equipment that can obtain approval under the NRMM Regulation[96]. Human Resources - The Group maintains a competitive remuneration package to attract and retain skilled employees in the local construction industry[99]. - As of 31 March 2024, the Group employed a total of 338 full-time employees, an increase from 304 employees as of 31 March 2023[136]. - The total staff cost incurred by the Group for the Review Year was approximately HK$140.0 million, compared to approximately HK$157.8 million in the previous year, reflecting a decrease of about 11.5%[136]. Corporate Governance - The Group is committed to maintaining good corporate governance to safeguard shareholder interests and maximize shareholder value[190]. - The Company has adopted the corporate governance code contained in Appendix C1 to the Listing Rules[191]. - The Board is chaired by Mr. Yip and comprises five members, including two executive Directors and three independent non-executive Directors[197]. - All Directors have confirmed compliance with the Model Code for Securities Transactions during the reporting period[196]. - The Group recognizes the importance of good corporate governance in achieving effective accountability[190].

Financial Performance - The group's revenue for the year was approximately HKD 945.9 million, an increase of 20.3% compared to HKD 786.2 million in the previous fiscal year[2]. - The gross profit margin for the year was approximately 4.2%, up from 3.1% in the previous fiscal year[2]. - The profit attributable to equity holders of the company was approximately HKD 4.2 million, a decrease of 47.3% from HKD 7.9 million in the previous fiscal year[2]. - Basic and diluted earnings per share were approximately HKD 0.35, down from HKD 0.66 in the previous fiscal year[2]. - The total comprehensive income attributable to equity holders of the company was HKD 4,195, down from HKD 7,923 in the previous fiscal year[30]. - The profit attributable to equity holders for the year 2024 is HKD 4,188,000, compared to HKD 7,923,000 in 2023, representing a decrease of approximately 47.3%[53]. - The company's revenue before tax for 2024 is HKD 6,794,000, down from HKD 9,039,000 in 2023, reflecting a decline of about 25.0%[75]. - Net profit decreased by approximately HKD 3.7 million or about 46.8% to HKD 4.2 million, with a net profit margin of approximately 0.4% compared to 1% in the previous fiscal year[128]. Dividends and Shareholder Returns - The board of directors decided not to recommend the payment of a final dividend for the year, consistent with the previous fiscal year[2]. - The company did not declare or propose any dividends for the years ending March 31, 2024, and 2023[75]. - The company does not recommend the declaration of a final dividend for the review period[154]. Expenses and Costs - Administrative expenses rose to HKD 27,759, an increase of 26.1% from HKD 22,023 in the previous fiscal year[30]. - Employee costs, including director remuneration, decreased to HKD 140,034,000 from HKD 157,844,000, a reduction of 11.3%[46]. - Direct costs for the fiscal year 2024 were HKD 125,208,000, down from HKD 144,460,000, indicating a decrease of 13.3%[51]. - Financial expenses rose to approximately HKD 1.0 million from approximately HKD 0.2 million in the previous fiscal year, primarily due to an increase in bank borrowings[126]. - Total employee costs amounted to approximately HKD 140.0 million, down from HKD 157.8 million in the previous fiscal year[152]. Assets and Liabilities - The company's total assets less current liabilities increased to HKD 272,147,000 from HKD 264,677,000, a rise of 2.8%[12]. - The net asset value of the company rose to HKD 267,835,000, compared to HKD 263,282,000 in the previous year, reflecting a growth of 1.9%[12]. - The company reported a current asset net value of HKD 245,525,000, an increase from HKD 224,850,000, representing a growth of 9.2%[12]. - The company's debt-to-equity ratio increased from approximately 1.3% on March 31, 2023, to about 23.1% on March 31, 2024, primarily due to an increase in bank borrowings[167]. Credit and Risk Provisions - The expected credit loss provision for trade receivables and contract assets was HKD 3,733, significantly higher than HKD 74 in the previous fiscal year[30]. - The expected credit loss provision for trade receivables and contract assets increased to HKD 5,501,000 in 2024 from HKD 1,533,000 in 2023, indicating a significant rise in credit risk[60]. - The net expected credit loss provision for trade receivables decreased to HKD 27,000 in 2024 from HKD 262,000 in 2023, indicating improved credit quality[80]. Revenue Sources and Growth - Revenue from contracts with customers amounted to HKD 911,778,000, up from HKD 784,126,000, reflecting a growth of 16.3%[38]. - Revenue increased by approximately HKD 159.7 million or about 20.3% to approximately HKD 945.9 million, primarily due to an increase in the number of projects contributing to revenue during the review period[122]. - The company secured 8 projects with a total contract value of approximately HKD 1,255 million[98]. Future Outlook and Strategy - The company plans to expand its business beyond Hong Kong, particularly in collaboration with enterprises in China and other regions, aiming to diversify revenue sources[121]. - The company anticipates a competitive environment for project contracts due to a high number of contractors in the market[99]. Compliance and Governance - The audit committee has reviewed and approved the consolidated financial statements for the review period, confirming compliance with applicable accounting standards[162]. - There have been no significant events occurring from March 31, 2024, until the date of this announcement[159].

Financial Performance - The Group's revenue for the Reporting Period amounted to approximately HK$331.3 million, representing an increase of approximately HK$6.0 million, or 1.8%, compared to the same period last year[17]. - The Group's gross profit increased by approximately 48.7% or HK$7.6 million, totaling HK$23.2 million for the Reporting Period[17]. - The Group's net profit amounted to approximately HK$5.4 million, reflecting an increase of approximately HK$0.4 million, or 8.0%[17]. - For the Reporting Period, the Group's revenue increased by approximately HK$6.0 million or approximately 1.8%, from approximately HK$325.3 million to approximately HK$331.3 million, primarily due to an increase in the number of projects[24][28]. - The Group's gross profit increased by approximately HK$7.6 million or approximately 48.7%, from approximately HK$15.6 million to approximately HK$23.2 million, with a gross profit margin of approximately 7.0%, up from approximately 4.8% in the corresponding period in 2022[25][29]. - Profit before income tax increased to HK$7,272,000, up 16.9% from HK$6,223,000 in the prior year[84]. - The total comprehensive income for the period was HK$5,387,000, compared to HK$4,983,000 for the same period in 2022, reflecting an increase of 8.1%[84]. - Profit for the period attributable to equity holders of the Company was HK$5,388,000, an increase from HK$4,983,000, which is an 8% growth[154]. Expenses and Costs - Administrative expenses rose by approximately HK$3.8 million or approximately 37.6%, from approximately HK$10.1 million to approximately HK$13.9 million, mainly due to increased marketing and consulting expenses[32][37]. - Finance costs increased by approximately HK$61,000 or approximately 77.2%, from approximately HK$79,000 to approximately HK$140,000, primarily due to an increase in borrowings[33][38]. - Income tax expense increased by approximately HK$0.7 million or approximately 58.3%, from approximately HK$1.2 million to approximately HK$1.9 million, driven by an increase in deferred tax expense[34][39]. - The total staff costs incurred by the Group for the Reporting Period was approximately HK$63.3 million, compared to approximately HK$48.7 million for the corresponding period in 2022[76]. - Employee costs for the period amounted to approximately HK$63.3 million, an increase of 30% from HK$48.7 million in the same period last year[79]. - Profit before income tax for the six months ended September 30, 2023, was impacted by increased staff costs totaling HK$63,264,000, compared to HK$48,728,000 in 2022, an increase of 29.9%[141]. Cash Flow and Financial Position - As of 30 September 2023, the Group had total cash, bank balances, and pledged bank deposits of approximately HK$97.5 million, an increase from approximately HK$96.3 million as of 31 March 2023[43]. - The Group's short-term bank borrowings and corporate bonds amounted to approximately HK$6.0 million, up from approximately HK$1.9 million as of 31 March 2023, resulting in a gearing ratio of approximately 2.6%[44]. - The net cash from operating activities for the six months ended September 30, 2023, was HK$11,789,000, a decrease of 68.9% compared to HK$37,953,000 for the same period in 2022[96]. - The cash and cash equivalents at the end of the period on September 30, 2023, were HK$77,643,000, down from HK$124,223,000 at the end of September 2022[96]. - The balance of retained earnings increased to HK$159,086,000 as of September 30, 2023, up from HK$153,698,000 as of April 1, 2023[96]. - The Group's total equity as of September 30, 2023, was HK$269,027,000, an increase from HK$263,282,000 as of April 1, 2023[96]. Investments and Projects - The Group was awarded 4 projects with an original contract sum of approximately HK$505.3 million during the Reporting Period[17]. - The Group is expanding into supplementary businesses, including cross-border trading of construction materials and modular integrated construction in Hong Kong[23][27]. - There were no significant investments, acquisitions, or disposals of subsidiaries during the Reporting Period[58]. Market Outlook and Government Initiatives - The Hong Kong government forecasts a real GDP growth of 4.0% to 5.0% for the year, with a 2.0% underlying inflation rate[18]. - The construction sector is experiencing increased optimism, as indicated by the latest data from the government's Business Outlook Quarterly Survey[19]. - The Hong Kong government plans to significantly increase public housing units over the next five years and enhance land supplies[20]. Accounting Policies and Standards - The Group has adopted new or amended Hong Kong Financial Reporting Standards (HKFRSs) effective from April 1, 2023, for the preparation of its condensed consolidated interim financial statements for the six months ended September 30, 2023[109]. - The Group's significant judgements and estimates in preparing the interim financial statements remain consistent with those applied in the annual consolidated financial statements for the year ended March 31, 2023[119]. - The Group's financial reporting will not be significantly impacted by the adoption of the new or amended HKFRSs for the current and prior periods[107]. Trade Receivables and Payables - Trade receivables from third parties amounted to HK$49,140,000 as of September 30, 2023, up from HK$39,078,000 as of March 31, 2023[168]. - The expected credit loss (ECL) allowance on trade receivables increased to HK$840,000 as of September 30, 2023, from HK$262,000 as of March 31, 2023[173]. - Trade payables decreased to HK$34,576,000 as of September 30, 2023, from HK$36,702,000 as of March 31, 2023, showing a decline of approximately 5.8%[196]. Employee and Workforce - The Group employed a total of 277 full-time employees as of September 30, 2023, down from 304 as of March 31, 2023[76]. - The Group did not declare any interim dividend for the Reporting Period, consistent with the previous year[60].

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佈之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不對因本公佈全部 或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Dragon Rise Group Holdings Limited 龍昇集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6829） 截至二零二三年九月三十日止六個月 中期業績公佈 財務摘要 • 於報告期間本集團的收益約為331.3百萬港元（截至二零二二年九月三十 日止六個月：約325.3百萬港元）。 • 於報告期間本公司權益持有人應佔溢利約為5.4百萬港元（截至二零二二 年九月三十日止六個月：溢利約5.0百萬港元）。 • 於報告期間每股基本及攤薄盈利約為0.45港仙（截至二零二二年九月三十 日止六個月：每股盈利約0.42港仙）。 • 董事會議決不宣派報告期間的任何中期股息（截至二零二二年九月三十 日止六個月：無）。 龍昇集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然呈列本公司及 ...

Financial Performance - The Group's total revenue for the year ended March 31, 2023, was approximately HK$786.2 million, an increase of approximately 28.1% compared to HK$613.6 million for the previous year[13]. - The gross profit for the Group was HK$24.2 million, reflecting an increase of approximately 24.7% from HK$19.4 million in the prior year[13]. - The Group's revenue for the Review Year reached approximately HK$786.2 million, an increase of 28.1% compared to the previous year[31]. - The Group's gross profit increased by approximately HK$4.8 million, or approximately 24.7%, reaching approximately HK$24.2 million[41]. - The gross profit margin for the Review Year was approximately 3.1%, slightly down from 3.2% in the previous year[41]. - Net profit for the Review Year was approximately HK$7.9 million, compared to approximately HK$7.4 million from Last Year, with a net profit margin of approximately 1.0%[50]. - Other gains, net amounted to approximately HK$7.1 million, an increase from approximately HK$1.8 million, primarily due to government grants and subsidies of approximately HK$7.8 million recognized for the Review Year[46]. - Direct costs increased by approximately HK$167.8 million, or approximately 28.2%, reaching approximately HK$762.0 million for the Review Year[40]. - Administrative expenses increased by approximately HK$3.0 million or about 15.8% to approximately HK$22.0 million, mainly due to an increase in staff costs of approximately HK$2.3 million[47]. - Income tax expense increased by approximately HK$6.5 million or about 120.4%, resulting in an income tax expense of approximately HK$1.1 million[49]. - Net profit margin decreased slightly from approximately 1.2% to approximately 1.0% due to a lower gross profit margin[66]. Market Conditions - Hong Kong's real GDP contracted by 3.5% throughout 2022 due to the impact of COVID-19 and external economic conditions[10]. - The construction industry in Hong Kong faced significant challenges, including project delays and increased costs due to local COVID-19 restrictions[11]. - The lifting of COVID-19 restrictions in 2023 is expected to boost business sentiment and recovery in the construction industry[12]. - The Hong Kong government's 2023–24 budget presents promising opportunities for new projects in the construction market[18]. - The Northern Metropolis plan and various residential and commercial sites indicate a booming potential for new projects in the construction market[18]. - A survey indicated that 11% of large enterprises in the construction industry expressed optimism for business conditions in Q1 2023, while 18% anticipated a worsening outlook[25]. Challenges and Risks - The Group faces challenges such as rising fuel and construction material costs, a shortage of skilled labor, and strong competition[18]. - The Group's operations may face uncertainties due to unexpected geological or sub-soil conditions, potentially leading to increased project complexity and additional costs[75]. - Damage to underground service utilities during foundation works may result in repair costs that are not covered by insurance, impacting financial stability[82]. - Revenue is primarily derived from non-recurrent projects, with no guarantee of securing new contracts, which may significantly affect future business prospects[83]. - The number and scale of projects from which the Group derives revenue may vary significantly, making future business volume difficult to forecast[86]. - The Group may incur additional costs due to unforeseen geological conditions, which could lead to cost overruns and adversely affect financial position[76]. Corporate Governance and Management - The Group is committed to maintaining good corporate governance to safeguard shareholder interests and maximize shareholder value[191]. - The Company has adopted the corporate governance code contained in Appendix 14 to the Listing Rules, ensuring compliance with all code provisions from the Listing Date to March 31, 2023[192][193]. - The Board consists of five members, including two executive Directors and three independent non-executive Directors, ensuring a balanced composition[198]. - Mr. Yip serves as both Chairman and Chief Executive Officer, a decision made for effective management and business development[192]. - The Company has adopted the Model Code for Securities Transactions by Directors, with all Directors confirming compliance since the Listing Date[197]. Employee and Remuneration - The total staff cost incurred by the Group for the review year was approximately HK$157.8 million, compared to approximately HK$96.2 million in the previous year, reflecting an increase of about 64%[138]. - The Group employed a total of 304 full-time employees as of March 31, 2023, up from 205 full-time employees as of March 31, 2022, indicating a growth of approximately 48% in workforce size[138]. - The Group provides comprehensive remuneration packages to attract and retain skilled employees, including salary, discretionary bonuses, and cash subsidies[101]. - The Group's remuneration packages include salaries, discretionary bonuses, and other cash subsidies, with an annual review system in place for performance assessment[138]. Financial Position and Funding - The Group plans to seek external funding for long-term debt to facilitate geographic expansion beyond the Hong Kong market[34]. - The Group had total cash, bank balances, and pledged deposits of approximately HK$96.3 million as of March 31, 2023, down from approximately HK$120.4 million as of March 31, 2022[108]. - The net proceeds received by the Group were approximately HK$91.9 million, intended for enhancing construction machinery, strengthening workforce, reinforcing sales efforts, and funding general working capital[128]. - The actual application of the net proceeds has been in accordance with the intentions disclosed in the Prospectus, with no material changes in the use of proceeds[135]. - The unutilized proceeds are currently placed in interest-bearing deposits with authorized financial institutions in Hong Kong[134]. - As of March 31, 2023, the total amount utilized was HK$90.4 million, leaving an unutilized balance of HK$1.5 million, which is expected to be fully utilized by December 31, 2023[130]. Environmental Management - As of March 31, 2023, the Group has 127 machines regulated under the NRMM Regulation, with plans to acquire more environmentally friendly equipment[91]. - The Group has established an environmental management system compliant with ISO 14001:2015 standards to minimize adverse environmental impacts[90]. - Compliance with environmental protection laws is critical, as operations may result in air and noise pollution, effluent discharge, and construction waste disposal[88].

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佈之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不對因本公佈全部 或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Dragon Rise Group Holdings Limited 龍昇集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6829） 截至二零二三年三月三十一日止年度 全年業績公佈 財務摘要 • 回顧年度本集團的收益約為786.2百萬港元（二零二二財年：約613.6百萬 港元）。 • 回顧年度毛利率約為3.1%（二零二二財年：約3.2%）。 • 回顧年度本公司權益持有人應佔溢利約為7.9百萬港元（二零二二財年： 約7.4百萬港元）。 • 回顧年度每股基本及攤薄盈利約為0.66港仙（二零二二財年：約0.62港仙）。 • 董事會議決不建議宣派回顧年度的末期股息（二零二二財年：無）。 龍昇集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然呈列本公司及 ...