Financial Performance - The company's revenue for the year ended December 31, 2024, was HKD 815,181,000, representing a 48.5% increase from HKD 549,554,000 in the previous year[3] - Gross profit for the same period was HKD 158,150,000, up 43.8% from HKD 110,022,000[3] - The net profit for the year was HKD 85,787,000, an increase of 39.5% compared to HKD 61,475,000 in the prior year[3] - Basic earnings per share rose to HKD 17.73 from HKD 12.60, reflecting a 40.5% increase[3] - Total revenue for the year 2024 reached HKD 815,181,000, a 48.5% increase from HKD 549,554,000 in 2023[22] - Revenue from public tunnel projects was HKD 545,082,000, up 67.5% from HKD 325,178,000 in the previous year[22] - Other income rose to HKD 1,642,000 in 2024, an increase of 25.3% from HKD 1,310,000 in 2023[25] - The net profit attributable to the owners of the company for the year ending December 31, 2024, was approximately HKD 86,171,000, up from HKD 61,479,000 in the previous year[60] Assets and Liabilities - Total assets as of December 31, 2024, amounted to HKD 275,746,000, compared to HKD 253,361,000 in the previous year[4] - The company's net asset value increased to HKD 171,508,000 from HKD 131,071,000, marking a 30.8% growth[5] - The company reported a decrease in trade and other receivables to HKD 127,382,000 from HKD 146,661,000[4] - The company has made investments in non-current assets, increasing from HKD 19,736,000 to HKD 43,811,000[4] - Trade receivables decreased to HKD 117,182,000 in 2024 from HKD 138,897,000 in 2023, a decline of 15.6%[24] - Contract assets increased to HKD 115,954,000 in 2024, compared to HKD 98,833,000 in 2023, reflecting a growth of 17.3%[24] - The company’s total liabilities for trade and other payables increased to HKD 55,182,000 in 2024 from HKD 53,141,000 in 2023[33] Costs and Expenses - Profit before tax for 2024 was significantly impacted by increased costs, with construction materials and subcontracting costs rising to HKD 210,738,000 and HKD 82,658,000 respectively[26] - The company reported a tax expense of HKD 18,547,000 for 2024, compared to HKD 9,388,000 in 2023, reflecting an increase of 97%[26] - The company's service costs increased to approximately HKD 657,031,000, up by HKD 217,499,000 or 49.5% from HKD 439,532,000 in the previous year[49] - Administrative expenses rose to approximately HKD 40,961,000, an increase of HKD 12,948,000 or 46.2% from HKD 28,013,000 in the previous year[56] - Total employee costs, including service costs and administrative expenses, were approximately HKD 306,462,000 for the year ended December 31, 2024, compared to approximately HKD 201,096,000 in 2023, indicating a significant increase in labor expenses[75] Shareholder Information - The company declared an interim dividend of HKD 0.04 per share for 2024, totaling approximately HKD 19,421,000, compared to no dividend in 2023[28] - The company proposed a final dividend of HKD 0.04 per share, down from HKD 0.05 per share in the previous year, resulting in a total dividend of HKD 0.08 per share for the year[61] - The company repurchased 6,464,000 shares during the year, with a total cost of approximately HKD 2,135,420[35] - The share repurchase aims to enhance the net asset value per share for shareholders[83] Strategic Plans and Market Outlook - The company plans to continue expanding its underground construction and engineering services, focusing on market growth and new technology development[9] - The group is focusing on diversifying its operations beyond tunnel construction, exploring opportunities in earthworks and bridge engineering[38] - The Hong Kong government is expected to increase its basic engineering expenditure from an average of HKD 90 billion per year to approximately HKD 120 billion, which will benefit the construction sector[43] - MTR Corporation plans to invest about HKD 100 billion to expand its railway network, which is anticipated to create more job opportunities during the construction phase[44] Corporate Governance and Compliance - The audit committee has reviewed the annual results for the year ended December 31, 2024[86] - The annual report will be published on or before April 30, 2025, in compliance with GEM listing rules[93] - The announcement will be published on the Hong Kong Stock Exchange website and the company's website for at least seven days from the date of publication[95]

Financial Performance - The group's revenue increased from approximately HKD 230,283,000 for the six months ended June 30, 2023, to approximately HKD 492,499,000 for the six months ended June 30, 2024, representing an increase of approximately HKD 262,216,000 or 113.9%[4] - Gross profit for the six months ended June 30, 2024, was approximately HKD 98,076,000, with a gross margin of 19.9%, compared to a gross profit of approximately HKD 18,269,000 and a gross margin of 7.9% for the same period in 2023[4] - The net profit attributable to owners of the company for the six months ended June 30, 2024, was approximately HKD 55,789,000, a significant increase of approximately HKD 51,613,000 compared to HKD 4,176,000 for the same period in 2023[5] - The company reported a profit before tax of approximately HKD 67,318,000 for the six months ended June 30, 2024, compared to HKD 3,727,000 for the same period in 2023[5] - Basic and diluted earnings per share for the six months ended June 30, 2024, were 11.44 HK cents, compared to 0.86 HK cents for the same period in 2023[5] Revenue Drivers - The increase in revenue was primarily driven by the growth in public sector projects, particularly tunnel construction services[4] - Revenue from public sector projects in tunnel construction rose from approximately HKD 74,547,000 to approximately HKD 367,626,000, an increase of approximately HKD 293,079,000 or 393.1%[47] Expenses and Costs - Administrative expenses increased to approximately HKD 18,218,000 for the six months ended June 30, 2024, from HKD 12,993,000 in the same period in 2023[5] - The total cost of subcontracting and construction materials was 59,941 thousand HKD for the current period, compared to 132,464 thousand HKD in the previous year[18] - Service costs increased from approximately HKD 212,014,000 to approximately HKD 394,423,000, an increase of approximately HKD 182,409,000 or 86.0%[48] Cash Flow and Assets - The company's net cash from operating activities for the six months ended June 30, 2024, was HKD 74,300,000, a significant improvement compared to a cash outflow of HKD 22,446,000 in the same period of 2023[10] - As of June 30, 2024, total assets amounted to HKD 166,879,000, an increase from HKD 135,357,000 as of December 31, 2023, representing a growth of approximately 23.2%[7] - Cash and cash equivalents at the end of the period rose to HKD 14,437,000 from HKD 9,169,000 at the end of 2023, marking an increase of approximately 57.5%[11] Shareholder Information - The board has declared an interim dividend of HKD 0.04 per share for the year ending December 31, 2024, compared to no interim dividend for the year ending December 31, 2023[20] - The total number of shares held by the major shareholders and other individuals is disclosed in accordance with the Securities and Futures Ordinance[69] Corporate Governance - The audit committee, composed of three independent non-executive directors, reviewed the interim report for the six months ending June 30, 2024, confirming compliance with applicable accounting standards[76] - The company maintains high standards of corporate governance in accordance with the GEM Listing Rules, ensuring proper regulation of business activities and decision-making processes[75] Future Outlook - The outlook for the Hong Kong tunnel and underground construction services is positive due to ongoing infrastructure projects, including the Northern Metropolis development and several new MTR station projects[45] - The group is focusing on developing its tunnel construction services, which are expected to be a major growth driver and sustainable revenue source[46]

GME Group Holdings Limited 駿 傑 集 團 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8188） 截至二零二四年六月三十日止六個月中期業績公佈 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交 所上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在 風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣 之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量 的市場。 香港交易及結算所有限公司及聯交所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，並明確表示概不就因本公佈之全部或任何部分內容而產 生或因倚賴該等內容而引致之任何損失承擔任何責任。 本公佈（駿傑集團控股有限公司（「本公司」）各董事（「董事」，各自為一名「董事」） 共同及個別對此負全責）乃遵照聯交所的GEM證券上市規則（「GEM上市規則」）的 規定而提供有關本公司的資料。董事經作出一切合理查詢後確認，就彼等所深 ...

Financial Performance - The group's revenue increased from approximately HKD 440.5 million in the year ended December 31, 2022, to approximately HKD 549.6 million in the year ended December 31, 2023, representing a growth of about HKD 109 million or 24.7%[11]. - The gross profit for the year ended December 31, 2023, was approximately HKD 110 million, with a gross profit margin of 20.0%, compared to approximately HKD 13.9 million and 3.2% for the year ended December 31, 2022[11]. - The net profit attributable to the owners of the company for the year ended December 31, 2023, was approximately HKD 61.5 million, a significant increase from approximately HKD 5.8 million in the previous year[11]. - For the fiscal year ending December 31, 2023, the company reported revenues of HKD 549,554,000, representing a 24.8% increase from HKD 440,528,000 in 2022[18]. - The gross profit for the same period was HKD 110,022,000, a significant increase from HKD 13,927,000 in 2022, indicating a gross margin improvement[18]. - The net profit for the fiscal year was HKD 61,479,000, compared to HKD 5,804,000 in the previous year, reflecting a substantial growth in profitability[18]. Project and Contract Information - The company secured 10 public construction projects and 5 private sector projects during the reporting period, with a total contract value of approximately HKD 518.3 million and approximately HKD 26.6 million respectively[10]. - The total backlog of contracts confirmed as revenue and carried over from 2023 amounted to approximately HKD 1,065.2 million[10]. - The company participated in 39 public sector projects and 6 private sector projects during the reporting period, compared to 43 public sector projects in the previous year[10]. - The company secured 10 public construction projects and 5 private sector projects during the fiscal year, with a total contract value of approximately HKD 518,262,000[23]. - The backlog of contracts as of December 31, 2023, was approximately HKD 1,065,177,000, indicating strong future revenue potential[23]. Dividend and Shareholder Information - The company plans to propose a final dividend of HKD 0.05 per share, amounting to a total dividend payout of HKD 24.4 million, subject to shareholder approval[12]. - The company plans to pay a final dividend of HKD 0.05 per share, totaling HKD 24,390,400, pending shareholder approval[49]. - As of December 31, 2023, the company's distributable reserves amount to approximately HKD 26,710,000[169]. Operational Focus and Strategy - The company aims to focus on developing its tunnel construction services business, which is anticipated to be a key growth driver and a sustainable source of revenue[15]. - The company is exploring opportunities in various construction sectors beyond tunnel engineering to diversify its business[23]. - The demand for tunnel construction services in Hong Kong is expected to continue, driven by major infrastructure projects such as the Central Kowloon Route and the three-runway system at Hong Kong International Airport[15]. - The company is focusing on expanding its tunnel construction services, which are expected to be a major growth driver due to ongoing large infrastructure projects[30]. Governance and Management - The board consists of two executive directors and three independent non-executive directors, ensuring a balanced governance structure[86]. - The company has adopted and complied with the corporate governance code since its listing date, ensuring proper regulation of business activities and decision-making processes[87]. - The company has a dedicated management team responsible for overall project management and resource allocation[81]. - The company has established three committees to oversee specific aspects of governance, ensuring adequate resources and independent professional advice are available[106]. - The board is responsible for overall management and strategic planning, ensuring a balanced assessment of the company's performance and prospects[99]. Financial Position and Assets - Total assets increased to HKD 273,097,000 in 2023, up from HKD 156,946,000 in 2022, marking a 73.9% growth[18]. - The total service costs increased to approximately HKD 439,532,000, up HKD 12,931,000 or 3.0% from HKD 426,601,000 in the previous year[37]. - The administrative expenses rose to approximately HKD 28,013,000, an increase of HKD 2,466,000 or 9.7% from HKD 25,547,000 in the previous year, aligning with the increase in revenue[44]. - Financing costs increased to approximately HKD 3,712,000 from HKD 1,267,000 in the previous year, attributed to higher interest expenses on bank borrowings[45]. - The group had bank borrowings of HKD 66,000,000 as of December 31, 2023[52]. Employee and Workforce Information - The number of employees increased to 662 as of December 31, 2023, from 542 in 2022[65]. - Total employee costs, including service costs and administrative expenses, were approximately HKD 201,096,000 for the year ended December 31, 2023, compared to HKD 246,230,000 in 2022[65]. - The company has established a mandatory provident fund scheme for employees in Hong Kong, with both employer and employee contributions set at 5% of total income, capped at HKD 1,500 per month[182]. Risk Management and Compliance - The board believes that the risk management and internal control systems are adequate and effective during the reporting period[153]. - The company has established a whistleblowing policy allowing stakeholders to report concerns anonymously to the audit committee[154]. - The company has implemented a disclosure policy to ensure compliance with GEM listing rules and securities regulations[153]. - The company has engaged an independent internal control consultant to review the effectiveness of its risk management and internal control systems[153]. Social Responsibility and Sustainability - The company is committed to fulfilling social responsibilities, promoting employee welfare, protecting the environment, and achieving sustainable growth[200].

Financial Performance - The company's revenue for the year ended December 31, 2023, was HKD 549,554,000, representing a 24.8% increase from HKD 440,528,000 in 2022[4] - Gross profit for the same period was HKD 110,022,000, a significant increase from HKD 13,927,000 in the previous year, indicating a gross margin improvement[4] - The net profit for the year was HKD 61,475,000, compared to HKD 5,802,000 in 2022, reflecting a substantial growth in profitability[4] - Basic and diluted earnings per share increased to HKD 12.60 from HKD 1.19, showcasing strong earnings growth[4] - The company reported a pre-tax profit of HKD 61,479,000 for 2023, a significant increase from HKD 5,804,000 in 2022, representing a growth of approximately 964%[35] - The net profit attributable to the owners of the company for the year ended December 31, 2023, was approximately HKD 61,479,000, a significant increase from approximately HKD 5,804,000 in 2022, driven by higher revenue and gross profit[64] Assets and Liabilities - Total assets as of December 31, 2023, were HKD 253,361,000, up from HKD 142,575,000 in 2022, indicating robust asset growth[5] - The company's net current assets increased to HKD 115,621,000 from HKD 55,751,000, highlighting improved liquidity[5] - Non-current assets rose to HKD 19,736,000 from HKD 14,371,000, reflecting ongoing investment in long-term assets[5] - The company has a total equity of HKD 131,071,000, compared to HKD 69,596,000 in the previous year, demonstrating enhanced shareholder value[5] - The company's trade payables rose to HKD 23,839,000 in 2023 from HKD 17,376,000 in 2022, an increase of approximately 37%[39] - The group's capital debt ratio as of December 31, 2023, was approximately 78%, down from 102% in 2022, indicating improved financial stability[71] Revenue Sources - Revenue from public tunnel projects was HKD 325,178,000, up 45.5% from HKD 223,521,000 in the previous year[28] - The group has no independent operating segment financial information due to resource integration, with all revenue derived from Hong Kong[24][25] - Major customers contributing over 10% of total revenue included Customer M with HKD 189,767,000 and Customer B with HKD 186,027,000 in 2023[26] Operational Highlights - The company is focused on expanding its underground construction services, which may drive future revenue growth[9] - The company has secured 10 public construction projects and 5 private sector projects, with a total contract value of approximately HKD 518,262,000 and change orders of about HKD 26,583,000 for the year ended December 31, 2023[42] - The company is exploring opportunities for diversification in the construction industry beyond tunnel engineering, indicating a strategic shift in business focus[42] - The company is actively applying innovative construction technologies, such as automation and artificial intelligence, to enhance safety, environmental efficiency, and productivity[49] Employee and Administrative Expenses - The company’s employee benefits expenses decreased to HKD 201,096,000 in 2023 from HKD 246,230,000 in 2022, a reduction of about 18%[34] - The company’s total employee costs, including service costs and administrative expenses, were approximately HKD 201,096,000 for the year ending December 31, 2023, down from approximately HKD 246,230,000 in 2022, primarily due to reduced employee costs in service costs[80] - Administrative expenses increased from approximately HKD 25,547,000 in 2022 to approximately HKD 28,013,000 in 2023, an increase of about HKD 2,466,000 or 9.7%, aligning with the increase in revenue[60] Government Grants and Support - Government grants received in 2023 amounted to HKD 728,000, a decrease from HKD 14,546,000 in 2022[32] - The company did not receive any government employment support grants in 2023, unlike the previous year[32] Future Outlook - The company plans to adopt revised Hong Kong Financial Reporting Standards upon their effective date, with no significant impact expected on the consolidated financial statements[19] - The company plans to declare a final dividend of HKD 0.05 per share for 2023, compared to no dividend in 2022, amounting to HKD 24,390,000[35] Compliance and Governance - The company has adopted and complied with the corporate governance code since its listing on February 22, 2017, ensuring proper regulation of business activities and decision-making processes[83] - The audit committee, consisting of three independent non-executive directors, has reviewed the annual results for the year ending December 31, 2023[90] Miscellaneous - The company will hold its annual general meeting on May 24, 2024, with a suspension of share transfer registration from May 20 to May 24, 2024[89] - The company has not purchased, redeemed, or sold any of its listed securities during the reporting period[87] - The company will publish its annual report by April 30, 2024, in compliance with GEM listing rules[95] - There were no significant events affecting the group from December 31, 2023, to the date of this announcement[81]

Revenue Performance - Revenue decreased by 4.1% to approximately HK$305.9 million for the nine months ended September 30, 2023, compared to HK$319.1 million in the same period last year[9] - Revenue for the three months ended September 30, 2023, was HK$75.6 million, down from HK$103.3 million in the same period last year[12] - Revenue from major clients: Client M contributed HK$28.96 million in Q3 2023 and HK$161.10 million over the nine months ending September 30, 2023, while Client C contributed HK$25.82 million in Q3 2023 and HK$82.61 million over the nine months[25] - Revenue decreased by 4.1% to HK$305.9 million for the nine months ended September 30, 2023, compared to HK$319.1 million in the same period last year[54] - Revenue from public sector utility construction services increased by 26.7% to HK$189.3 million, while revenue from public sector tunnel construction services decreased by 30.8% to HK$114.1 million[54] Gross Profit and Margin - Gross profit increased to HK$25.5 million with a gross profit margin of 8.3% for the nine months ended September 30, 2023, up from HK$17.7 million and 5.6% in the same period last year[9] - Gross profit for the three months ended September 30, 2023, was HK$7.2 million, compared to HK$0.5 million in the same period last year[12] - Gross profit increased to HK$25.5 million with a gross margin of 8.3%, up from HK$17.7 million and 5.6% in the previous year[58] Net Profit and Earnings - Net profit attributable to owners of the company decreased to HK$4.49 million for the nine months ended September 30, 2023, compared to HK$16.26 million in the same period last year[10] - Basic and diluted earnings per share for the nine months ended September 30, 2023, were HK$0.0092, down from HK$0.0333 in the same period last year[12] - Pre-tax profit for the three months ended September 30, 2023, was HK$314,000, compared to HK$2,821,000 in the same period in 2022[34] - Pre-tax profit for the nine months ended September 30, 2023, was HK$4,490,000, compared to HK$16,257,000 in the same period in 2022[34] - Net profit decreased to HK$4.5 million from HK$16.3 million, largely due to the one-time government subsidy received in the previous year[65] Other Income and Expenses - Other income decreased to HK$0.9 million for the nine months ended September 30, 2023, from HK$17.2 million in the same period last year, mainly due to the one-time government grant from the Employment Support Scheme in 2022[12] - Other income: Total other income for the nine months ending September 30, 2023, was HK$913,000, including HK$21,000 in interest income, HK$146,000 in rental income, and HK$746,000 in miscellaneous income[28] - Government grants: The company received HK$14.55 million in government grants in 2022 under the Employment Support Scheme, which was used to support employee salaries[28] - Other income decreased significantly to HK$913,000 from HK$17.2 million, mainly due to the absence of government subsidies from the Employment Support Scheme[59] - Administrative expenses increased to HK$19.8 million for the nine months ended September 30, 2023, compared to HK$18.2 million in the same period last year[12] - Administrative expenses increased by 8.6% to HK$19.8 million, driven by a 3.0% increase in employee costs and benefits[61] - Financing costs increased to HK$2.6 million, primarily due to higher interest expenses on bank borrowings[62] Employee Costs - Employee benefit expenses, including directors' remuneration, decreased to HK$43,006,000 for the three months ended September 30, 2023, from HK$61,311,000 in the same period in 2022[30] - Employee benefit expenses for the nine months ended September 30, 2023, were HK$144,320,000, compared to HK$190,846,000 in the same period in 2022[30] - Service costs decreased by 6.9% to HK$280.4 million, primarily due to a 25.6% reduction in employee costs and a 51.0% reduction in subcontracting costs[56][57] Retained Earnings and Dividends - Retained earnings as of September 30, 2023, were HK$14.1 million, compared to HK$20.0 million as of September 30, 2022[14] - The company did not recommend any dividend for the nine months ended September 30, 2023, consistent with the same period in 2022[32] - The company did not recommend any dividend payment for the nine months ended September 30, 2023[66] Share Capital and Ownership - The company's issued and fully paid ordinary shares remained unchanged at 487,808,000 shares as of September 30, 2023[37] - The company's directors and senior executives hold a total of 290,120,000 shares, representing 59.5% of the issued share capital as of September 30, 2023[73] - Mr. Zhuang Junyue and Mr. Zhuang Weiju each directly hold 103,000,000 shares, with additional interests through spouses and concerted action agreements[73][75] - Ms. Du Yanbing holds 49,620,000 shares personally and is deemed to have interests in shares held by her spouse and through concerted action agreements[76] - Ms. Zhuang Roujia holds 34,500,000 shares personally and is deemed to have interests in shares held through concerted action agreements[76] - Mr. Wu Guolun holds 39,500,000 shares, representing 8.1% of the issued share capital[76] - No directors or senior executives hold any interests in equity derivatives as of September 30, 2023[73] Corporate Governance and Compliance - The company maintains high corporate governance standards in compliance with GEM Listing Rules[78] - The Board of Directors has reviewed and is satisfied with the company's corporate governance practices during the reporting period[78] - The company has not granted or issued any share options or adopted any share option plan as of September 30, 2023[81] - The company's third-quarter report for the nine months ended September 30, 2023, has been reviewed by the audit committee and is in compliance with applicable accounting standards and GEM Listing Rules[80] - The company has adopted the GEM Listing Rules' trading standards as the code of conduct for directors regarding securities transactions, and all directors and relevant persons have confirmed compliance during the reporting period[79] - The company has disclosed a financing letter with a Hong Kong licensed bank, which includes specific responsibilities for the controlling shareholder and a termination event if the controlling shareholder holds less than 50% of the issued shares[83] - The company's compliance advisor, Haode Financing Limited, has no interests in the group other than its roles as sponsor, compliance advisor, and financial advisor[84] - No directors or their associates have any interests in businesses that compete with the company's operations as of September 30, 2023[82] Business Operations and Projects - The company's primary business is providing underground construction services, mainly for public infrastructure projects in Hong Kong[44] - The company secured a total of 9 public sector construction projects and 5 private sector projects in 2023, with contract amounts and change orders totaling approximately HKD 502,412,000 and HKD 26,583,000 respectively[45] - The backlog of new contracts and carryover from 2022 contracts recognized as revenue after September 30, 2023, amounted to approximately HKD 1,296,054,000[45] - The company participated in 37 public sector projects (compared to 40 in the same period in 2022) and 7 private sector projects (compared to 5 in the same period in 2022) during the reporting period[45] - The company is focusing on the development of tunnel construction services, which are expected to be a major growth driver and sustainable revenue source, supported by large infrastructure projects such as the Central Kowloon Route and the Three-Runway System at Hong Kong International Airport[49] - The company has been awarded several major construction contracts, including HKD 28.9 billion for the Central Kowloon Route and HKD 10.9 billion for the T2 Main Road and Cha Kwo Ling Tunnel[51] - The company is actively applying innovative construction technologies such as automation and artificial intelligence to improve site safety, environmental performance, construction quality, and productivity[52] - The company has a formal quality management system certified to ISO 9001:2015 standards, ensuring compliance with specific work procedures and quality assurance requirements[47] - The company's performance is heavily reliant on the supply of public sector civil engineering projects in Hong Kong, which are subject to fluctuations in project numbers, scale, and revenue due to the non-recurring nature of such projects[48] - The company's operations are entirely based in Hong Kong, making its business, financial performance, and prospects highly dependent on Hong Kong government policies, political environment, and economic conditions[48] - The company is exploring opportunities for diversification within the construction industry, including public utility construction services, earthworks, bridge construction, and building construction[45] Financial Position and Commitments - Capital commitments for the acquisition of property, plant, and equipment as of September 30, 2023, were approximately HK$2,689,000, compared to HK$2,386,000 as of December 31, 2022[41] - The company has no significant foreign currency risk as all transactions are denominated in Hong Kong dollars[68] - Deferred tax credits for the nine months ended September 30, 2023, were HK$497,000, compared to HK$438,000 in the same period in 2022[31]

（於開曼群島註冊成立之有限公司） 8188 （股份代號： ） 截至二零二三年九月三十日止九個月 第三季度業績公佈 GEM 香港聯合交易所有限公司（「聯交所」） 的特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公 司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周 詳的考慮後方作出投資決定。 GEM GEM 由於 上市公司普遍為中小型公司，在 買賣的證券可能會較於主板買賣之證券承受 GEM 較大的市場波動風險，同時無法保證在 買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所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，並明確表示概不就因本公佈之全部或任何部分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。 本公佈（駿傑集團控股有限公司（「本公司」）各董事（「董事」）共同及個別對此負全責）乃遵照香 GEM GEM 港聯合交易所有限公司 證券上市規則（「 上市規則」）的規定而提供有關本公司的資 料。董事經作出一切合理查詢後確認，就彼等所深知及確信，本公佈所載資料在各重要方面均 屬準確及完整，且無誤導或欺 ...

Revenue and Profitability - The group's revenue increased from approximately HKD 215,796,000 for the six months ended June 30, 2022, to approximately HKD 230,283,000 for the six months ended June 30, 2023, representing a growth of about 6.7%[8] - Revenue from public sector projects, specifically utility construction services, rose from approximately HKD 106,112,000 to approximately HKD 153,243,000 during the same period, driven by ongoing construction projects in Tung Chung East[8] - The group's gross profit for the six months ended June 30, 2023, was approximately HKD 18,269,000, with a gross margin of 7.9%, compared to a gross profit of approximately HKD 17,179,000 and a margin of 8.0% for the same period in 2022[8] - The net profit attributable to the owners of the company for the six months ended June 30, 2023, was approximately HKD 4,176,000, a decrease of about HKD 9,260,000 compared to HKD 13,436,000 for the same period in 2022[9] - The company reported a basic and diluted earnings per share of HKD 0.86 for the six months ended June 30, 2023, down from HKD 2.75 for the same period in 2022[11] Expenses and Costs - Other income significantly decreased from approximately HKD 8,552,000 to approximately HKD 22,000, primarily due to the reduction in government grants related to the employment support scheme[9] - Administrative expenses increased from approximately HKD 12,115,000 to approximately HKD 12,993,000 during the reporting period[11] - Financing costs rose from approximately HKD 499,000 to approximately HKD 1,571,000, indicating increased borrowing costs[11] - The group incurred subcontracting costs of 10,878 thousand HKD for the six months ended June 30, 2023, down from 18,062 thousand HKD in the same period of 2022, indicating improved cost management[36] - Service costs rose from approximately HKD 198,617,000 to approximately HKD 212,014,000, an increase of about HKD 13,397,000 or 6.7%[86] Assets and Liabilities - As of June 30, 2023, total assets amounted to HKD 176,436 thousand, an increase of 23.7% from HKD 142,575 thousand as of December 31, 2022[13] - The total equity attributable to owners of the company increased to HKD 73,384 thousand as of June 30, 2023, up from HKD 69,208 thousand as of December 31, 2022, reflecting a growth of 5.4%[14] - The company’s total liabilities increased to HKD 118,857 thousand as of June 30, 2023, compared to HKD 86,824 thousand as of December 31, 2022, representing a rise of 36.8%[13] - The company’s cash and cash equivalents decreased to HKD 9,169 thousand as of June 30, 2023, from HKD 12,584 thousand at the end of 2022, a decline of 27.5%[20] - The group reported a profit of HKD 4,176 thousand for the six months ended June 30, 2023, compared to HKD 13,436 thousand for the same period in 2022, reflecting a decrease of 68.9%[16] Market and Future Outlook - The company is focused on expanding its public sector project portfolio, which has shown significant revenue growth in recent periods[8] - The management remains cautious about future performance due to the volatility in the market and potential impacts from external economic factors[9] - The group is focusing on expanding its tunnel construction services, supported by major infrastructure projects like the Central Kowloon Route and the three-runway system at Hong Kong International Airport[79] - The group operates solely in Hong Kong, making its performance highly dependent on government policies and the local economic environment[78] Share Capital and Governance - The total issued and paid-up share capital as of June 30, 2023, is HKD 4,878,000, with 487,808,000 shares issued[63] - The company has adopted and complied with the corporate governance code as per GEM Listing Rules since its listing date on February 22, 2017[120] - The audit committee, consisting of three independent non-executive directors, reviewed the interim report for the six months ended June 30, 2023, confirming compliance with applicable accounting standards and GEM Listing Rules[123] Contracts and Commitments - The company has secured new contracts totaling approximately HKD 22,091,000 and change orders amounting to about HKD 26,583,000 during the six months ended June 30, 2023[73] - The total backlog of confirmed revenue from new contracts and carryover from 2022 is approximately HKD 856,351,000 as of June 30, 2023[74] - The company has capital commitments for the acquisition of property, machinery, and equipment amounted to approximately HKD 4,371,000, an increase from HKD 2,386,000 as of December 31, 2022[70] Employee and Management Information - The group’s employee benefit expenses, including director remuneration, totaled 101,314 thousand HKD for the six months ended June 30, 2023, down from 129,535 thousand HKD in the same period of 2022, reflecting a reduction in workforce costs[36] - The group did not declare any dividends for the six months ended June 30, 2023, consistent with the previous year[39] - The company has not engaged in any related party transactions during the reporting period[68]

Financial Performance - The group's revenue decreased from approximately HKD 101,291,000 in Q1 2022 to approximately HKD 92,629,000 in Q1 2023, a decline of about HKD 8,662,000 or 8.6%[7] - Gross profit fell from approximately HKD 8,697,000 in Q1 2022 to approximately HKD 8,325,000 in Q1 2023, a decrease of about HKD 372,000 or 4.3%[7] - The net profit attributable to owners of the company for Q1 2023 was approximately HKD 1,203,000, down from approximately HKD 3,396,000 in Q1 2022[8] - The total comprehensive income for the period was approximately HKD 1,202,000, compared to HKD 3,395,000 in the same period last year[10] - For the three months ended March 31, 2023, the company reported a profit of HKD 1,203,000, a decrease of 64.6% compared to HKD 3,396,000 for the same period in 2022[31] - The company's revenue for the three months ended March 31, 2023, decreased to approximately HKD 92,629,000, down by HKD 8,662,000 or 8.6% from HKD 101,291,000 for the same period in 2022[44] - The company's service costs decreased to approximately HKD 84,304,000, down by HKD 8,290,000 or 9.0% from HKD 92,594,000 for the same period in 2022[45] - Gross profit for the three months ended March 31, 2023, was approximately HKD 8,325,000, a decrease of HKD 372,000 or 4.3% from HKD 8,697,000 in the previous year, with a gross margin of 9.0%[46] - Administrative expenses increased to approximately HKD 6,379,000, up by HKD 965,000 or 17.8% from HKD 5,414,000 for the same period in 2022[47] - Financing costs rose significantly to approximately HKD 662,000, an increase from HKD 221,000 in the previous year, primarily due to higher interest expenses on bank borrowings[48] - The basic and diluted earnings per share for Q1 2023 were HKD 0.25, compared to HKD 0.70 in Q1 2022[10] Revenue Sources - The group experienced a decrease in private sector project revenue during the reporting period, impacting overall earnings[7] - Revenue from major customers included HKD 27,698,000 from Customer C and HKD 42,783,000 from Customer M, with Customer C's contribution increasing significantly from HKD 10,198,000 in the previous year[23] - Revenue from public sector projects accounted for 99.0% of total revenue, with tunnel construction services generating HKD 38,538,000 (41.6%) and utility construction services contributing HKD 53,141,000 (57.4%) for the three months ended March 31, 2023[44] Compliance and Governance - The company confirmed that the information provided in the report is accurate and complete after reasonable inquiries by the board[1] - The report is prepared in accordance with the GEM Listing Rules, ensuring compliance and transparency[1] - The company’s financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with local regulations[16] - The audit committee, consisting of three independent non-executive directors, reviewed the first quarter report for the period ending March 31, 2023, confirming compliance with applicable accounting standards and GEM listing rules[65] - The company maintains high standards of corporate governance, adhering to the GEM listing rules since its listing date on February 22, 2017[69] - The board confirms that the company has complied with the corporate governance code during the reporting period[71] - The company has adopted trading standards for directors' securities transactions, ensuring full compliance by all directors as of March 31, 2023[72] - The company will continue to review and enhance its corporate governance practices to meet legal requirements and regulations[70] Operational Focus and Future Outlook - The company’s operating segment primarily involves providing underground construction services in Hong Kong, with no separate financial data for independent operating segments reported[21] - The company has secured a total of approximately HKD 34,660,000 in new contracts during the first quarter of 2023, including HKD 8,055,000 from a public sector project and HKD 26,605,000 from five private sector projects[34] - As of March 31, 2023, the company has a backlog of contracts amounting to approximately HKD 947,964,000, which includes newly awarded contracts and those carried over from 2022[34] - The company is focusing on expanding its tunnel construction services, which are expected to be a major growth driver supported by several large infrastructure projects, including the Central Kowloon Route and the three-runway system at Hong Kong International Airport[40] - The Hong Kong Legislative Council has approved funding of approximately HKD 42,300,000,000 for the Central Kowloon Route, with contracts worth about HKD 28,900,000,000 already awarded to contractors[40] - The company has participated in 30 public sector projects and five private sector projects during the reporting period[34] - The company is exploring diversification opportunities within the construction industry to mitigate risks associated with reliance on public sector civil engineering projects[34] Shareholder Information - As of March 31, 2023, major shareholders Du Yanbing and Zhuang Roujia each hold 290,120,000 shares, representing 59.5% of the company's issued share capital[63] - Wu Guolun holds 39,500,000 shares, accounting for 8.1% of the company's issued share capital[63] - The company has not granted or issued any share options or adopted any share option schemes as of March 31, 2023[66] - The chairman of the company, Mr. Zhuang Junyue, will continue to serve in his role[75] Risk Management - The company reported no significant foreign currency risk as its transactions are primarily denominated in HKD[54] - There were no significant events after the reporting period that would materially affect the company's operations and financial performance[55] - The company has not identified any other individuals with recorded interests in the company's shares or related securities as of March 31, 2023[64] - No competitive interests were reported by directors or their associates in businesses that may compete with the group as of March 31, 2023[67] - If the controlling shareholder holds less than 50% of the issued shares, it will constitute a termination event[75]

（於開曼群島註冊成立之有限公司） 8188 （股份代號： ） 截至二零二三年三月三十一日止三個月 第一季度業績公佈 GEM 香港聯合交易所有限公司（「聯交所」） 的特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公 司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周 詳的考慮後方作出投資決定。 GEM GEM 由於 上市公司普遍為中小型公司，在 買賣的證券可能會較於主板買賣之證券承受 GEM 較大的市場波動風險，同時無法保證在 買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所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，並明確表示概不就因本公佈之全部或任何部分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。 本公佈（駿傑集團控股有限公司（「本公司」）各董事（「董事」，各自為一名「董事」）共同及個別對 GEM GEM 此負全責）乃遵照聯交所的 證券上市規則（「 上市規則」）的規定而提供有關本公司的 資料。董事經作出一切合理查詢後確認，就彼等所深知及確信，本公佈所載資料在各重要方面 均屬準確及完整，且無 ...