ANNUAL REPORT 年報 2025 ANNUAL REPORT 2025 年報 Construction Projects 建築工程 香港尖沙咀金巴利道49及51號 上蓋建築工程 總承包工程，一幢商業大廈，包括機電工程 No.9 Oxford Road, Kowloon Tong, Hong Kong Superstructure Works Main contractor for one residential house including E&M works 香港九龍塘牛津道9號 上蓋建築工程 總承包工程，一幢獨立住宅， 包括機電工程 Electrical & Mechanical ("E&M") Engineering Projects 機電工程 Hong Kong Stadium Replacement of Thermal Insulation for Chilled Water Pipes 香港大球場 更換冷凍水管保溫層 Municipal Venues in Sham Shui Po District Replacement of A/C Equipment 深水埗區市政場地 更換空調 ...

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 或任何部份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。 SMART CITY DEVELOPMENT HOLDINGS LIMITED 智城發展控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8268） 截至二零二五年三月三十一日止年度 年度業績 智 城 發 展 控 股 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）欣 然 宣 佈 本 公 司 及 其 附 屬 公 司 截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度 之 經 審 核 業 績。本 公 告 列 載 本 公 司 二 零 二 五 年 年 報 全 文，並 符 合 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）GEM證 券 上 市 規 則（「GEM上市規則」）中 有 關 年 度 業 績 初 步 公 告 附 載 資 料 之 要 求。本 公 司之二零二五年年報將於二零二五年七月十一日在聯交所網站www.hkexnews.hk 及本公司網站www.smart ...

Financial Performance - For the six months ended September 30, 2024, the company reported a revenue of HK$182,718,000, a decrease from HK$201,705,000 in the same period of 2023, representing a decline of approximately 9.8%[12] - The gross profit for the reporting period was HK$10,826,000, down from HK$12,913,000 in 2023, indicating a decrease of about 16.2%[12] - The loss before tax for the period was HK$8,782,000, compared to a loss of HK$4,300,000 in the previous year, reflecting an increase in losses of approximately 104.5%[12] - The basic and diluted loss per share for the period was HK(3.58) cents, compared to HK(1.79) cents in the same period last year, indicating a worsening of the loss per share by 100%[12] - The company continues to face challenges in the market, as indicated by the increased losses and declining revenue[12] - The Group's loss before tax for the six months ended 30 September 2024 was HK$8,782,000, compared to a loss of HK$4,300,000 in the same period of 2023[98] - The gross profit margin for the Reporting Period was approximately 5.4%, down by approximately 1.2 percentage points from the previous period's 6.6%[174] Expenses and Income - Administrative expenses increased to HK$21,526,000 from HK$19,629,000, representing an increase of approximately 9.7%[12] - Other income and gains for the period were HK$1,744,000, compared to HK$1,588,000 in 2023, showing an increase of about 9.8%[12] - Employee benefit expenses, including wages and salaries, amounted to HK$20,750,000, up from HK$17,850,000, indicating an increase of approximately 16.5%[83] - Finance costs decreased by approximately HK$39,000 or 49% to approximately HK$41,000, attributed to reduced loan borrowings[180] Assets and Liabilities - Total non-current assets increased from HK$79,970,000 to HK$92,421,000, representing a growth of approximately 15.4%[18] - Total current assets remained stable at HK$240,848,000 compared to HK$240,616,000, showing a slight increase of 0.1%[18] - Net current assets improved from HK$40,399,000 to HK$47,569,000, indicating an increase of about 17.9%[18] - Total equity attributable to owners of the Company rose from HK$128,927,000 to HK$135,350,000, reflecting an increase of approximately 5.5%[20] - Total non-current liabilities slightly decreased from HK$3,893,000 to HK$3,789,000, a reduction of about 2.7%[21] - The Group's total assets as of 30 September 2024 were HK$320,818,000, down from HK$333,037,000 as of 31 March 2024[192] - The non-current liabilities were HK$3,789,000 as of 30 September 2024, compared to HK$3,893,000 as of 31 March 2024[198] Cash Flow - The net cash flows used in operating activities decreased from HK$23,159,000 to HK$11,010,000, showing an improvement of about 52.4%[30] - Net cash flows generated from financing activities amounted to HK$11,177,000, a significant increase from a net outflow of HK$7,821,000 in the previous year[36] - The company reported a net increase in cash and cash equivalents of HK$3,342,000, compared to a decrease of HK$31,428,000 in the same period last year[36] - Cash and cash equivalents at the end of the period reached HK$52,507,000, up from HK$27,907,000 at the end of the previous year[36] Revenue Segments - Revenue from construction contracting and related businesses for the six months ended September 30, 2024, was HK$197,120,000, an increase from HK$191,937,000 in the same period of 2023, representing a growth of approximately 2%[70] - The property investment segment reported a profit of HK$1,512,000 for the six months ended September 30, 2024, compared to a loss of HK$836,000 in the same period of 2023, indicating a significant improvement in performance[60] - Revenue from the investment in marketable securities segment was approximately HK$1,791,000, reflecting a 12.4% increase from HK$1,593,000 for the six months ended 30 September 2023[155] - Revenue from the money lending segment was approximately HK$2,497,000, which is an increase of approximately 38.4% from HK$1,804,000 for the six months ended 30 September 2023[155] - Revenue from the interior fitting-out works segment increased by approximately 54% to HK$11,971,000 compared to HK$7,771,000 in the previous period[167] Shareholder Information - The company has not provided specific guidance for future performance or new product developments in the announcement[12] - No interim dividend was recommended for the reporting period, consistent with the previous year[102] - The basic loss per share attributable to ordinary equity holders of the Company was calculated based on a loss of HK$8,782,000 and a weighted average number of ordinary shares of 244,983,607[95] - The weighted average number of ordinary shares in issue during the period increased from 240,000,000 to 244,983,607[101] Market and Operational Insights - The company is primarily involved in construction, investment in marketable securities, properties, and money lending activities[39] - The Group maintains strict control over its outstanding receivables, with no significant concentration of credit risk due to a diversified customer base[112] - The Group does not hold any collateral or credit enhancements over its accounts receivable balances[112] - The Group had no assessable profits arising in Hong Kong during the reporting period, resulting in no provision for Hong Kong profit tax[92]

Construction Projects 建築工程 No.39 South Bay Road, Hong Kong Superstructure Works Main contractor for one residential house including E&M works 香港南灣道39號 上蓋建築工程 總承包工程，一幢獨立住宅， 包括機電工程 Renderings Drawings 效果圖 No. 16 Bowen Road, Hong Kong Superstructure Works Main contractor for two residential houses including E&M works 香港寶雲道16號 上蓋建築工程 總承包工程， 兩幢獨立住宅， 包括機電工程 Electrical & Mechanical ("E&M") Engineering Projects 機電工程 Yau Oi Sports Centre Replacement of Air-cooled Chiller & Associates 友愛體育館 更換風冷式冷凍機組工程 Aberdeen Tunne ...

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 或任何部份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。 （於開曼群島註冊成立的有限公司） SMART CITY DEVELOPMENT HOLDINGS LIMITED 智城發展控股有限公司 （股份代號：8268） 截至二零二四年三月三十一日止年度 年度業績 智 城 發 展 控 股 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）欣 然 宣 佈 本 公 司 及 其 附 屬 公 司 截 至 二 零 二 四 年 三 月 三 十 一 日 止 年 度 之 經 審 核 業 績。本 公 告 列 載 本 公 司 二 零 二 四 年 年 報 全 文，並 符 合 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）GEM證 券 上 市 規 則（「GEM上市規則」）中 有 關 年 度 業 績 初 步 公 告 附 載 資 料 之 要 求。本 公 司之二零二四年年報將於二零二四年七月五日在聯交所網站www.hkexnews.hk及 本公司網站www.smartc ...

Financial Performance - For the six months ended September 30, 2023, the company reported revenue of HKD 195,631,000, a 36.5% increase from HKD 143,388,000 in the same period of 2022[3] - Gross profit for the same period was HKD 12,913,000, slightly up from HKD 12,621,000, indicating a gross margin improvement[3] - The company recorded a net loss of HKD 4,300,000 for the six months, compared to a loss of HKD 3,785,000 in the prior year, reflecting a 13.6% increase in losses[3] - The basic and diluted loss per share for the six months was HKD 1.79 cents, compared to HKD 1.89 cents in the previous year[3] - The group reported a pre-tax loss of HKD 4,300,000 for the six months ended September 30, 2023, compared to a loss of HKD 3,785,000 for the same period in 2022, reflecting an increase in losses[33] Assets and Liabilities - Total assets as of September 30, 2023, were HKD 363,671,000, down from HKD 373,410,000 as of March 31, 2023[5] - Current liabilities decreased to HKD 164,070,000 from HKD 168,406,000, showing a reduction of 2%[5] - The company’s equity attributable to owners was HKD 146,641,000, down from HKD 150,941,000, indicating a decrease of 2.8%[6] - The company’s total liabilities increased significantly, with a notable rise in trust receipt loans from HKD 3,577,000 to HKD 6,898,000[11] Cash Flow - The company’s cash and cash equivalents decreased significantly to HKD 27,907,000 from HKD 59,335,000, a decline of 52.9%[5] - The net cash used in operating activities for the first half of 2023 was HKD 23,159,000, an increase of 35.8% compared to HKD 17,070,000 in the prior year[10] - Cash and cash equivalents at the end of the period were HKD 35,596,000, up from HKD 27,907,000 at the beginning of the period, reflecting a net increase of 27.7%[11] - The company reported a net cash outflow from investing activities of HKD 448,000, compared to a net inflow of HKD 5,407,000 in the same period last year[11] - Financing activities resulted in a net cash outflow of HKD 7,821,000, compared to a net inflow of HKD 5,367,000 in the previous year, indicating a shift in financing strategy[11] Revenue Segments - For the three months ended September 30, 2023, the revenue from customer contracts in the engineering contracting and related business was HKD 96,049,000, an increase from HKD 74,638,000 in the same period of 2022, representing a growth of 28.5%[18] - The construction business segment generated revenue of approximately HKD 191,937,000, up 35.3% from HKD 141,828,000 for the same period last year[53] - The securities investment segment reported income of approximately HKD 1,593,000, a significant increase of 934% from a loss of approximately HKD 191,000 in the previous year[53] - The property investment segment recorded revenue of approximately HKD 297,000, a decrease of about 1.7% from HKD 302,000 for the same period last year[53] - The lending business segment achieved revenue of approximately HKD 1,804,000, an increase of about 24.5% from HKD 1,449,000 in the previous year[53] Operational Focus and Strategy - The company plans to focus on market expansion and new product development to enhance future performance[3] - The group plans to continue its balanced development in the construction business in Hong Kong and Macau, focusing on prudent bidding strategies to address industry challenges[91] - The group aims to attract larger corporate clients and diversify its customer base, capitalizing on the upward trend in construction and building expenditures in Hong Kong[95] - The group is actively developing its lending business, believing it will provide positive impacts and returns despite increasing market competition in Hong Kong[101] Corporate Governance - The company has established an Audit Committee to oversee financial controls and risk management, consisting of three independent non-executive directors[128] - The company has committed to maintaining high standards of corporate governance to enhance stakeholder confidence and drive business growth[126] - The company has adopted corporate governance practices in line with GEM Listing Rules since its listing date[126] Employee and Administrative Expenses - The total employee benefits expenses, including directors' remuneration, amounted to approximately HKD 12,790,000, an increase from HKD 11,454,000 in the same period last year[109] - Administrative expenses rose by approximately HKD 1,400,000 or 7.7%, totaling about HKD 19,600,000[72] Market Conditions and Future Outlook - The group will take prudent measures to manage its investment portfolio in light of recent market volatility and weakness[104] - The board will regularly review the investment property portfolio in light of recent economic instability, ensuring strategic alignment with market conditions[100]

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 或任何部份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。 SMART CITY DEVELOPMENT HOLDINGS LIMITED 智城發展控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8268） 截至二零二三年九月三十日止六個月之 中期業績 智城發展控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司 及其附屬公司截至二零二三年九月三十日止六個月之中期業績。本公告列載 本公司二零二三年中期報告全文，並符合香港聯合交易所有限公司（「聯交所」） GEM證券上市規則（「GEM上市規則」）中有關中期業績初步公告附載資料之要 求。本公司之二零二三年中期報告將於二零二三年十一月十四日在聯交所網站 www.hkexnews.hk及本公司網站www.smartcity-d.com可供閱覽。 承董事會命 智城發展控股有限公司 執行董事 洪君毅 香港，二零二三年十一月十三日 於本公告日期，董事會由執行董事洪君毅先生及劉寶儀女士；及獨立非執 ...

Financial Performance - For the three months ended June 30, 2023, the company reported revenue of HKD 95,344,000, an increase of 38.7% compared to HKD 68,762,000 for the same period in 2022[3] - The cost of sales for the same period was HKD 91,327,000, resulting in a gross profit of HKD 4,017,000, down 25.1% from HKD 5,363,000 in 2022[3] - The company incurred an operating loss before tax of HKD 4,213,000, compared to a loss of HKD 3,719,000 in the previous year, reflecting an increase in losses of 13.3%[3] - Basic and diluted loss per share for the period was HKD 1.76, slightly improved from HKD 1.86 in the same period last year[3] - The group reported a pre-tax loss of HKD 4,213,000 for the three months ended June 30, 2023, compared to a pre-tax loss of HKD 3,719,000 in the same period of 2022[19] - Gross profit decreased from approximately HKD 5,300,000 to about HKD 4,000,000, a decline of approximately HKD 1,300,000 or 25%[41] - Gross margin for the period was approximately 4.2%, down 3.6% from the previous period's gross margin of about 7.8%[41] Revenue Segments - Customer contract revenue for the three months ended June 30, 2023, was HKD 95,888,000, an increase of 42.7% compared to HKD 67,190,000 for the same period in 2022[15] - The construction business segment reported a loss of HKD 1,903,000 for the three months ended June 30, 2023, compared to a loss of HKD 3,216,000 in the same period of 2022[12] - The construction segment generated revenue of approximately HKD 95,888,000, an increase of about 43% from HKD 67,190,000 in the same period last year[28] - The lending business segment recorded revenue of approximately HKD 781,000, an increase of about 16% from HKD 672,000 in the same period last year[38] - The construction segment's revenue from building construction and related services was approximately HKD 47,762,000, an increase of about 82% from HKD 26,205,000 in the same period last year[29] - The electromechanical engineering segment generated revenue of approximately HKD 45,574,000, an increase of about 13% from HKD 40,186,000 in the same period last year[31] - The interior renovation segment saw significant growth, with revenue of approximately HKD 2,552,000, an increase of about 219% from HKD 799,000 in the same period last year[32] - The property investment segment generated revenue of approximately HKD 148,000, a decrease of about 3% from HKD 153,000 in the same period last year[36] Expenses and Costs - The group’s employee benefits expenses, including directors' remuneration, amounted to HKD 6,501,000 for the three months ended June 30, 2023, compared to HKD 5,680,000 in the same period of 2022[19] - Administrative expenses rose by approximately HKD 400,000 or 4% to about HKD 9,800,000, primarily due to increased employee costs[44] - Financial expenses increased by approximately HKD 31,000 or 388% to about HKD 39,000, mainly due to increased interest expenses on short-term loans[45] - The construction costs for the three months ended June 30, 2023, were HKD 91,327,000, an increase from HKD 63,399,000 in the same period of 2022[19] Equity and Assets - Total equity attributable to the owners of the company as of June 30, 2023, was HKD 146,728,000, a decrease from HKD 150,941,000 as of April 1, 2023[5] - As of June 30, 2023, the group held financial assets at fair value amounting to approximately HKD 38,012,000, with significant investments including listed equity investments and various debt securities[64] - The total amount of contracts on hand exceeded HKD 855,000,000 during the reporting period[55] Corporate Governance - The audit committee consists of three independent non-executive directors, ensuring compliance with GEM listing rules[84] - The company is committed to maintaining high standards of corporate governance to enhance stakeholder confidence[83] - The board of directors is composed of both executive and independent non-executive members, ensuring a balanced governance structure[85] - The company has adopted the corporate governance code as per GEM listing rules, ensuring transparency and accountability[83] Investment Strategy - The group aims to continue balancing its construction business in Hong Kong and Macau, focusing on prudent bidding strategies to address industry challenges[52] - The group plans to apply for more necessary licenses and qualifications to expand its service scope and selectively undertake new contracts[59] - The group is actively seeking investment opportunities in listed securities and other financial products in Hong Kong and other recognized overseas markets to generate additional income[60] - The board will adopt a more cautious approach to manage the investment portfolio due to recent market volatility and economic instability, aiming for positive short-term returns[66] Tax and Compliance - The company has not reported any income tax for the period, maintaining a consistent tax position[3] - The financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards, ensuring compliance with local regulations[8] - The company has adopted new accounting standards effective from April 1, 2023, which may impact future financial reporting[10] Shareholder Information - As of June 30, 2023, Masan Multi Strategy Fund SPC holds 35,715,200 shares, representing 14.88% of the company's issued share capital[76] - Energy Luck Limited owns 23,978,816 shares, accounting for 9.99% of the company's issued share capital[76] - Like Capital Limited has a stake of 12,661,000 shares, which is 5.28% of the company's issued share capital[76] - The company has not granted any share options during the reporting period, and there were no unexercised options as of June 30, 2023[73] - The maximum number of unexercised share options that can be granted under the share option scheme is capped at 10% of the issued shares at any time[68] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[82] Risk Management - The company emphasizes the importance of understanding the investment risks associated with its operations, particularly in the GEM market[1] - The group continues to develop its lending business despite increased competition and uncertainty in the Hong Kong lending market, believing it will yield positive impacts and returns[63] - The group has no significant contingent liabilities or capital commitments as of the reporting period end[46][47]

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，概不就因本公告全部 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。 SMART CITY DEVELOPMENT HOLDINGS LIMITED 智城發展控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8268） 截至二零二三年六月三十日止三個月 之季度業績公佈 智城發展控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及 其附屬公司截至二零二三年六月三十日止三個月之季度業績。本公告列載本公 司二零二三年第一季度報告全文，並符合香港聯合交易所有限公司（「聯交所」） GEM證券上市規則（「GEM上市規則」）中有關第一季度業績初步公告附載資料之 要求。本公司之二零二三年第一季度報告將於二零二三年八月十五日在聯交所 網站www.hkexnews.hk及本公司網站www.smartcity-d.com可供閱覽。 承董事會命 智城發展控股有限公司 執行董事 洪君毅 香港，二零二三年八月十四日 於本公告日期，董事會由執行董事洪君毅先生及劉寶儀女士 ...

Financial Performance - The company recorded revenue of approximately HKD 323.7 million for the year ended March 31, 2023, a decrease of about 0.4% compared to HKD 324.9 million for the previous year[13]. - Revenue from the construction business segment was approximately HKD 319.8 million, an increase of about 0.1% from HKD 319.4 million in the prior year[13]. - The securities investment segment reported revenue of approximately HKD 200,000, a significant decrease of about 94% from HKD 3.7 million in the previous year[13]. - The property investment segment maintained revenue at approximately HKD 600,000, consistent with the previous year's figures[13]. - The lending business segment saw revenue increase to approximately HKD 3.1 million, up about 142% from HKD 1.3 million in the prior year[13]. - The company reported a net loss attributable to shareholders of approximately HKD 11 million, compared to a net profit of approximately HKD 15.3 million in the previous year[13]. - The overall gross profit decreased by approximately HKD 16,300,000 or about 33%, from HKD 49,800,000 to HKD 33,600,000[33]. - The gross profit margin fell to approximately 10.4%, a decline of 5 percentage points from 15.4% in the previous year[33]. Business Segments - The group recorded revenue of approximately HKD 323,704,000, a decrease of about 0.4% compared to HKD 324,904,000 for the year ended March 31, 2022[21]. - The construction segment generated revenue of approximately HKD 319,813,000, an increase of about 0.1% from HKD 319,368,000 for the previous year[21]. - The securities investment segment reported revenue of approximately HKD 228,000, a significant decrease of about 94% from HKD 3,660,000 for the previous year[21]. - The property investment segment recorded revenue of approximately HKD 599,000, down about 2% from HKD 612,000 for the previous year[21]. - The lending segment achieved revenue of approximately HKD 3,064,000, an increase of about 142% from HKD 1,264,000 for the previous year[21]. Market Outlook and Strategy - The company anticipates continued challenges in the competitive construction market in Hong Kong but aims to enhance its market position through strong relationships with clients and suppliers[14]. - The company is exploring growth opportunities in China, Hong Kong, and other regions to drive long-term financial returns for shareholders[15]. - The management emphasizes the importance of maintaining a good track record and providing quality services to enhance market competitiveness[14]. - The company is optimistic about potential opportunities arising from the Hong Kong government's promotion of Modular Integrated Construction (MiC) and recent developments in the Greater Bay Area[14]. Financial Position and Assets - As of March 31, 2023, the group's cash and cash equivalents amounted to approximately HKD 59,335,000, a decrease from HKD 67,345,000 in 2022[59]. - The total assets of the group as of March 31, 2023, were approximately HKD 322,410,000, compared to HKD 299,808,000 in 2022, reflecting an increase of about 7.5%[59]. - The group's current ratio as of March 31, 2023, was approximately 1.28, slightly down from 1.31 in 2022[59]. - The debt-to-asset ratio as of March 31, 2023, was approximately 2.0%, up from 1.5% in 2022, indicating a slight increase in leverage[59]. Governance and Compliance - The company has adopted corporate governance practices in line with GEM listing rules, ensuring compliance and transparency[90]. - The board of directors consists of five members, including two women, and emphasizes diversity in its composition[96]. - The company has implemented an anti-corruption and whistleblowing policy to maintain business integrity[95]. - The company has established formal and transparent procedures for the appointment and succession of directors, with independent non-executive directors serving terms not exceeding three years[100]. Risk Management - The company has established a risk management system to identify, assess, and manage risks related to its business operations[159]. - No significant risks were identified based on the risk assessments conducted during the reporting period[162]. - The internal control system is designed in accordance with the COSO 2013 framework to ensure operational effectiveness and compliance with applicable laws[163]. Employee and Management - The total employee benefit expenses during the reporting period amounted to approximately HKD 36,000,000, consistent with the previous year[87]. - The company had 96 employees primarily based in Hong Kong as of March 31, 2023[87]. - The company is focused on recruiting qualified and experienced staff to strengthen its construction division[73]. Future Plans and Investments - The company is investing in new technology development, allocating $10 million towards R&D initiatives[200]. - Market expansion plans include entering two new regions, which are anticipated to increase market share by 5%[200]. - The company is considering strategic acquisitions to enhance its product offerings and market presence[200].