Financial Performance - The company recorded a net loss of approximately HKD 37.8 million for the year ended March 31, 2022, compared to a net loss of approximately HKD 14.7 million for the same period in 2021, primarily due to cost overruns in foundation works and a decrease in other income[16][29]. - Revenue for the year ended March 31, 2022, was approximately HKD 146.7 million, an increase of about 3.5% from approximately HKD 141.8 million for the year ended March 31, 2021, mainly due to an increase in contracts awarded[25]. - The company's cost of sales increased to approximately HKD 170.1 million for the year ended March 31, 2022, a rise of about 34.4% from approximately HKD 126.6 million for the previous year, attributed to delays in project progress[26]. - Gross loss for the year ended March 31, 2022, was approximately HKD 23.4 million, a decrease of about 253.9% compared to a gross profit of approximately HKD 15.2 million for the previous year, with a gross loss margin of approximately 15.9%[27]. - Administrative expenses decreased to approximately HKD 14.2 million for the year ended March 31, 2022, down about 7.2% from approximately HKD 15.3 million for the previous year, mainly due to a reduction in legal and professional fees[28]. Business Strategy and Development - The company plans to implement rigorous cost control measures to improve operational efficiency and profitability[10]. - The company is actively seeking potential business opportunities to expand revenue sources and enhance shareholder returns[11]. - The group intends to develop new business segments in technology innovation, including smart building technology and financial technology[11]. - An acquisition agreement has been established to acquire an investment holding company primarily engaged in financial and fintech businesses[11]. - The company aims to diversify its revenue sources by exploring opportunities in the financial and fintech sectors, which are seen as having significant growth potential[17]. Operational Efficiency - The company is focused on enhancing project management capabilities to improve overall workflow efficiency[11]. - The group will continue to bid for contracts, particularly those with higher profit margins, while managing operational costs[10]. - The company plans to invest in human resources and information systems to enhance operational capabilities and efficiency in foundation and drilling works[17]. - The company plans to hire additional full-time employees to enhance operational capabilities and business development efforts[45]. Corporate Governance - The company emphasizes high levels of corporate governance to maintain shareholder trust and create long-term value[71][72]. - The board of directors is responsible for overseeing the company's overall strategy and financial performance, ensuring accountability and transparency[74]. - The company has adopted the GEM Listing Rules for securities trading by directors, confirming compliance with all applicable regulations during the reporting year[73]. - The company has established three board committees: the remuneration committee, nomination committee, and audit committee, each with clear written terms of reference[88]. - The company has maintained compliance with the corporate governance code during the fiscal year ending March 31, 2022[72]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to sustainable development and has integrated environmental, social, and governance (ESG) considerations into its business strategy[136]. - The company is seeking alternatives to carbon-intensive concrete, which is a major source of carbon footprint in the industry[137]. - The company actively welcomes stakeholder feedback, especially regarding significant ESG issues identified in its importance assessment[146]. - The company has established multiple communication channels with shareholders to ensure timely and unbiased information dissemination[132]. - The company aims to implement measures to improve environmental, social, and governance management and performance in the upcoming fiscal year[154]. Waste and Resource Management - The group generated a total of 130,159.88 tons of non-hazardous waste in the fiscal year 2021/2022, significantly increasing compared to the previous fiscal year[175]. - The group has adopted the 3R principles (Reduce, Reuse, Recycle) in its waste management policy to minimize waste disposal and promote effective use of natural resources[179]. - The group has implemented a centralized waste collection system in its offices to efficiently manage waste generated by employees[179]. - The group plans to expand the disclosure scope to include all types of solid waste generated across its business operations in the future[179]. - The group aims to reduce solid waste and wastewater levels in the fiscal year 2022/2023, maintaining levels not exceeding those of the fiscal year 2021/2022[187].

Financial Performance - Revenue for the third quarter of 2021 was HKD 36,850,000, an increase of 11.0% compared to HKD 33,101,000 in the same period of 2020[6] - Gross loss for the third quarter was HKD 2,389,000, compared to a gross profit of HKD 1,275,000 in the same quarter of 2020[6] - Operating loss for the nine months ended December 31, 2021, was HKD 16,377,000, significantly higher than HKD 3,831,000 for the same period in 2020[6] - The company reported a net loss attributable to owners of HKD 5,349,000 for the third quarter, compared to a loss of HKD 378,000 in the same quarter of 2020[6] - Total comprehensive loss for the nine months ended December 31, 2021, was HKD 16,068,000, compared to HKD 2,788,000 for the same period in 2020[6] - Total revenue for the nine months ended December 31, 2021, was HKD 108,981,000, an increase of 23.3% compared to HKD 88,458,000 for the same period in 2020[15] - Construction contract revenue for the three months ended December 31, 2021, was HKD 36,850,000, up from HKD 32,316,000 in the same period of 2020, representing a growth of 14.5%[15] - The company reported a net loss attributable to shareholders of approximately HKD 16.1 million for the nine months ended December 31, 2021, compared to a loss of approximately HKD 2.8 million for the same period in 2020, representing an increase in loss of about 474.6%[31] - Revenue for the nine months ended December 31, 2021, was approximately HKD 109.0 million, an increase of about 20.3% from approximately HKD 90.6 million for the same period in 2020[33] - The cost of sales for the nine months ended December 31, 2021, was approximately HKD 106.6 million, an increase of about 31.1% from approximately HKD 81.3 million for the same period in 2020[35] - Gross profit for the nine months ended December 31, 2021, was approximately HKD 2.4 million, a decrease of about 74.2% from approximately HKD 9.3 million for the same period in 2020, resulting in a gross margin decline from approximately 10.3% to 2.2%[36] Expenses and Costs - The company incurred finance costs of HKD 131,000 in the third quarter, down from HKD 368,000 in the same period of 2020[6] - The group reported a total finance cost of HKD 510,000 for the nine months ended December 31, 2021, down from HKD 1,182,000 in the same period of 2020[22] - The deferred tax expense for the nine months ended December 31, 2021, was HKD 819,000, compared to HKD 2,225,000 for the same period in 2020[24] - The company’s administrative expenses for the third quarter were HKD 3,253,000, a decrease from HKD 3,726,000 in the same quarter of 2020[6] Equity and Financing - The company’s total equity as of December 31, 2021, was HKD 73,272,000, an increase from HKD 62,616,000 as of December 31, 2020[8] - The company completed a rights issue on May 3, 2021, raising approximately HKD 25 million, which will be used to repay overdue payables and bank loans[41] - The company completed the placement of new shares on September 21, 2021, raising approximately HKD 7.3 million net after expenses, with a net issue price of HKD 0.162 per share[45] - The proceeds from the placement were allocated as follows: HKD 4.3 million for repaying overdue payables exceeding 180 days and HKD 3 million for general working capital[47] - As of December 31, 2021, HKD 3 million of the net proceeds had been utilized for general working capital, while the remaining HKD 4.3 million was planned for repaying overdue payables[48] Business Operations and Strategy - The company plans to continue investing in machinery and equipment for its foundation engineering business[11] - The company plans to invest in human resources and information systems to enhance operational capabilities and efficiency in foundation and drilling works[32] - The company aims to improve operational efficiency and profitability while actively seeking potential business opportunities to expand revenue sources[32] - The overall industry outlook remains challenging due to uncertainties caused by the COVID-19 pandemic, impacting supply chains and labor availability[32] Governance and Compliance - The company has adopted the GEM Listing Rules regarding securities trading by directors, confirming compliance for the nine months ending December 31, 2021[61] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the nine months ending December 31, 2021, and found them to comply with applicable accounting standards and GEM Listing Rules[69] - The company has established a stock option plan effective from September 22, 2017, which will remain valid for ten years unless revoked or amended[62] - The maximum number of unexercised stock options that can be granted under the stock option plan is capped at 10% of the company's issued shares at any time[64] - The company has complied with all applicable provisions of the corporate governance code as of the nine months ending December 31, 2021[66] - The audit committee consists of independent non-executive directors, ensuring proper oversight of financial reporting and internal controls[67] - The company has a governance structure in place to ensure transparency and accountability in its operations[68] - The chairman and executive directors are actively involved in the company's governance and strategic direction[70] Shareholder Matters - The board did not recommend any dividend for the nine months ended December 31, 2021, consistent with the previous year[27] - The company did not recommend the payment of dividends for the nine months ended December 31, 2021, consistent with the same period in 2020[39] - The company announced a share consolidation on January 14, 2022, proposing to consolidate every 5 existing shares into 1 consolidated share, pending shareholder approval[49] - A rights issue was proposed on January 14, 2022, to issue 81,000,000 rights shares at HKD 0.55 per share, aiming to raise approximately HKD 44.6 million[50] - The rights issue is expected to strengthen the company's capital base and improve its financial position without increasing debt or financing costs[50] Market and Competition - Major customers contributing over 10% of total revenue included Customer 1 with HKD 13,776,000 and Customer 2 with HKD 38,108,000 for the nine months ended December 31, 2021[22] - The company reported no competition or conflict of interest involving its directors, controlling shareholders, or major shareholders during the nine months ended December 31, 2021[59] - No new business opportunities that could constitute competition with the company's existing and future business were reported during the nine months ended December 31, 2021[60] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the nine months ended December 31, 2021[58]

Revenue Performance - The company reported a revenue of HKD 44,988,000 for the three months ended September 30, 2021, compared to HKD 24,773,000 for the same period in 2020, representing an increase of 81.5%[8] - For the six months ended September 30, 2021, the revenue was HKD 72,131,000, up from HKD 57,474,000 in the same period of 2020, indicating a growth of 25.6%[8] - Total revenue for the six months ended September 30, 2021, was HKD 72,131,000, an increase of 28.5% compared to HKD 56,142,000 for the same period in 2020[26] - Construction contract revenue for the three months ended September 30, 2021, was HKD 44,988,000, up 88.0% from HKD 23,960,000 in the same period of 2020[28] - The group’s construction contract income for the six months ended September 30, 2021, was HKD 72,131,000, reflecting a strong performance in the construction sector[26] Profitability and Loss - The gross profit for the three months ended September 30, 2021, was HKD 1,442,000, a decrease from HKD 5,355,000 in the same period of 2020, reflecting a decline of 73.1%[8] - The company incurred an operating loss of HKD 10,758,000 for the three months ended September 30, 2021, compared to an operating loss of HKD 2,217,000 in the same period of 2020, representing an increase in loss of 384.5%[8] - The net loss attributable to the owners of the company for the three months ended September 30, 2021, was HKD 10,945,000, compared to HKD 2,744,000 in the same period of 2020, indicating an increase in loss of 298.5%[8] - The total comprehensive loss for the period was HKD 10,968,000, compared to HKD 2,413,000 in the same period of 2020, reflecting an increase of 354.5%[8] - The group recorded a loss attributable to owners of the company of approximately HKD 10.7 million for the six months ended September 30, 2021, compared to a loss of approximately HKD 2.4 million for the same period in 2020[92] Expenses and Costs - The company’s administrative expenses for the three months ended September 30, 2021, were HKD 4,703,000, a slight decrease from HKD 4,987,000 in the same period of 2020[8] - The group's cost of sales for the six months ended September 30, 2021, was approximately HKD 67.3 million, an increase of about 36.2% from approximately HKD 49.4 million for the same period in 2020[88] - The increase in administrative expenses for the six months ended September 30, 2021, was approximately 3.9%, rising to about HKD 7.9 million from approximately HKD 7.6 million for the same period in 2020[91] Financial Position - The company’s total assets as of September 30, 2021, were reported in the unaudited consolidated financial position statement[10] - Total non-current assets amounted to HKD 56,700 million, an increase from HKD 56,012 million[11] - Current assets totaled HKD 77,770 million, compared to HKD 76,682 million in the previous period[11] - Current liabilities decreased significantly to HKD 44,990 million from HKD 65,797 million[11] - Net current assets increased to HKD 32,780 million, up from HKD 10,885 million[11] - Total assets less current liabilities reached HKD 89,480 million, compared to HKD 66,897 million previously[11] - Total equity rose to HKD 78,621 million, up from HKD 54,766 million[13] - The group completed a rights issue on May 3, 2021, raising approximately HKD 25 million, which was used to repay overdue payables and bank loans[98] - The group completed a placement of new shares on September 21, 2021, raising approximately HKD 7.3 million, which remains unutilized as of September 30, 2021[103] Cash Flow and Liquidity - Cash and cash equivalents at the end of the period were HKD 12,283 million, an increase from HKD 7,532 million[18] - The net cash inflow from financing activities was HKD 14,513 million, compared to a net outflow of HKD 4,210 million in the previous period[18] - As of September 30, 2021, the group had cash and bank balances of approximately HKD 12.3 million, up from approximately HKD 7.5 million as of March 31, 2021[93] - The group maintains a prudent treasury policy to ensure a strong and healthy liquidity position for future growth opportunities[110] Impairment and Provisions - The financial assets impairment loss for the three months ended September 30, 2021, was HKD 7,640,000, compared to HKD 3,958,000 in the same period of 2020, indicating an increase of 92.5%[8] - The company reported engineering receivables of HKD 51,379,000 as of September 30, 2021, with a provision for impairment losses of HKD 24,646,000, compared to HKD 52,986,000 and HKD 18,108,000, respectively, as of March 31, 2021[55] - The total amount of warranty receivables as of September 30, 2021, was HKD 5,817,000, with an impairment provision of HKD 3,929,000[55] - The provision for impairment of engineering receivables and warranty receivables amounted to HKD 10,807 million as of April 1, 2020, and HKD 6,538 million for the period ended March 31, 2021[59] Employee and Operational Efficiency - The company plans to invest in human resources and information systems to enhance operational capabilities and efficiency in foundation and drilling works[86] - The company’s short-term employee benefits amounted to HKD 1,042 million for the six months ended September 30, 2021, down from HKD 1,434 million in the same period of 2020[83] - The total employee costs for the six months ended September 30, 2021, reached approximately HKD 18.5 million, compared to HKD 17.2 million for the same period in 2020[116] - The group employed 80 full-time employees as of September 30, 2021, consistent with the previous year[116] Dividends and Shareholder Information - The group did not recommend an interim dividend for the six months ended September 30, 2021, consistent with the previous year[40] - The board does not recommend the payment of an interim dividend for the six months ended September 30, 2021[117] Market and Industry Outlook - The overall industry outlook remains challenging due to uncertainties caused by the COVID-19 pandemic, affecting the foundation industry negatively[86] Compliance and Governance - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2021, and found them to comply with applicable accounting standards and GEM Listing Rules[139] - The board of directors includes executive directors and independent non-executive directors[143]

Financial Performance - The company reported a revenue of HKD 27,143,000 for the first quarter of 2021, compared to HKD 32,701,000 in the same period of 2020, representing a decrease of approximately 17%[8] - Gross profit for the first quarter of 2021 was HKD 3,327,000, an increase from HKD 2,679,000 in the previous year, indicating a growth of about 24%[8] - Operating profit decreased to HKD 367,000 in Q1 2021 from HKD 802,000 in Q1 2020, reflecting a decline of approximately 54%[8] - The company recorded a net profit attributable to owners of HKD 226,000 for the first quarter of 2021, down from HKD 334,000 in the same quarter of 2020, a decrease of around 32%[8] - Basic and diluted earnings per share were HKD 0.13 for Q1 2021, compared to HKD 0.56 in Q1 2020, representing a decline of approximately 77%[6] - The group recorded a net profit of approximately HKD 226,000 for the three months ended June 30, 2021, down from HKD 334,000 in the same period of 2020, reflecting a decline of 32.3%[33] - The group's earnings per share for the three months ended June 30, 2021, was HKD 0.13, down from HKD 0.56 in the same period of 2020[33] - The group recorded a profit attributable to owners of approximately HKD 0.2 million for the three months ended June 30, 2021, compared to HKD 0.3 million for the same period in 2020[48] Revenue and Expenses - The group's revenue for the three months ended June 30, 2021, was HKD 27,143,000, a decrease of 15.9% compared to HKD 32,182,000 in the same period of 2020[20] - The group's revenue for the three months ended June 30, 2021, was approximately HKD 27.1 million, a decrease of about 17.1% compared to HKD 32.7 million for the same period in 2020[42] - The cost of sales for the same period was approximately HKD 23.8 million, a decrease of about 20.6% from HKD 30.0 million in the previous year, primarily due to a reduction in the number of ongoing projects[43] - Administrative expenses rose to HKD 3,209,000 in Q1 2021 from HKD 2,650,000 in Q1 2020, marking an increase of about 21%[8] - Administrative expenses for the same period were approximately HKD 3.2 million, an increase of about 18.5% from HKD 2.7 million in the previous year, mainly due to rising automobile expenses, consulting fees, and employee costs[47] - The group incurred financing costs of HKD 251,000 for the three months ended June 30, 2021, down 37.8% from HKD 404,000 in the same period of 2020[28] Other Income and Comprehensive Income - Other comprehensive income for the period was HKD (249,000), compared to HKD (3,000) in the previous year, indicating a significant increase in losses[5] - The group recognized other income of HKD 249,000 in the three months ended June 30, 2021, compared to HKD 773,000 in the same period of 2020, indicating a decrease of 67.8%[24] Investments and Operational Focus - The company has invested significantly in machinery and equipment necessary for its drilling operations, indicating a focus on enhancing operational capabilities[13] - The group has invested significantly in machinery and equipment necessary for its drilling operations, indicating a focus on enhancing operational capabilities[40] - The company is engaged in foundation engineering and has a range of drilling pile installation capabilities, which may support future growth opportunities[13] Industry Outlook and Challenges - The overall outlook for the industry remains challenging due to ongoing COVID-19 impacts, including supply chain disruptions and labor shortages[41] Corporate Governance and Compliance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance and transparency in financial reporting[15] - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2021, and found them compliant with applicable accounting standards and GEM listing rules[74] - The company did not purchase, sell, or redeem any of its listed securities during the three months ended June 30, 2021[65] - There were no competitive or conflict of interest activities involving directors or major shareholders during the three months ended June 30, 2021[66] - The company has adopted trading rules for directors' securities transactions and confirmed compliance during the three months ended June 30, 2021[67] - No stock options were granted, exercised, expired, or lapsed during the three months ended June 30, 2021, and there are no unexercised stock options under the plan[71] Dividends - The group did not declare an interim dividend for the three months ended June 30, 2021, consistent with the previous year[32] - The board did not recommend the payment of an interim dividend for the three months ended June 30, 2021, compared to zero dividend for the same period in 2020[49] Rights Issue - The company announced a rights issue on January 25, 2021, to raise approximately HKD 28.35 million by issuing 135,000,000 shares at HKD 0.21 each[50] - The net proceeds from the rights issue, after estimated expenses, are expected to be approximately HKD 25 million, to be used for repaying overdue payables and bank loans[50] Customer Revenue - The group reported a significant decrease in revenue from major customers, with Customer 1 contributing HKD 8,862,000 in 2021 compared to HKD 18,556,000 in 2020, a drop of 52.3%[23]

Beaver Group (Holding) Company Limited 永勤集團(控股)有限公司 (於同曼群島註冊成立之有限公司) 股份代號： 8275 年報 2021 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主板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報告之內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示 概不就因本報告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。 本報告的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關永勤集團（控股）有限公司（「本 公司」連同其附屬公司稱為「本集團」）的資料；本公司的董事（「董事」）願就本報告的資料共同及個別地承擔全部責任。 各董事在作出一切合理查詢後，確認就 ...

Financial Performance - Revenue for the three months ended December 31, 2020, was HKD 33,101,000, an increase of 24.4% compared to HKD 26,548,000 for the same period in 2019[7]. - Gross profit for the nine months ended December 31, 2020, was HKD 9,309,000, up from HKD 8,929,000 in the same period of 2019, reflecting a growth of 4.3%[7]. - The company reported a loss attributable to owners of the company of HKD 378,000 for the three months ended December 31, 2020, compared to a loss of HKD 4,013,000 for the same period in 2019, indicating a significant improvement[7]. - The total comprehensive loss for the nine months ended December 31, 2020, was HKD 6,257,000, a decrease from HKD 6,260,000 in the same period of 2019[7]. - The company experienced a decrease in finance costs, reporting HKD 368,000 for the three months ended December 31, 2020, compared to HKD 600,000 in the same period of 2019[7]. - The company’s loss before tax for the three months ended December 31, 2020, was HKD 2,784,000, an improvement from HKD 3,991,000 in the same period of 2019[7]. - The group reported a total of HKD 90,575,000 in revenue for the nine months ended December 31, 2020, compared to HKD 74,698,000 in the same period of 2019, showing a year-on-year growth of approximately 21%[81]. - The group recorded a loss attributable to owners of approximately HKD 2.8 million for the nine months ended December 31, 2020, compared to a loss of approximately HKD 6.3 million for the same period in 2019[186]. Revenue Breakdown - Total revenue for the nine months ended December 31, 2020, was HKD 90,575,000, an increase from HKD 74,698,000 in the same period of 2019, representing a growth of approximately 21%[81]. - Construction contract revenue for the three months ended December 31, 2020, was HKD 32,316,000, compared to HKD 26,448,000 in the same period of 2019, reflecting a growth of about 22%[80]. - The total revenue from Hong Kong for the nine months ended December 31, 2020, was HKD 88,458,000, up from HKD 72,591,000 in the same period of 2019, marking an increase of around 22%[81]. - The group’s construction contract income for the nine months ended December 31, 2020, was HKD 88,458,000, compared to HKD 64,137,000 in the same period of 2019, representing a growth of approximately 38%[81]. - Machinery leasing revenue for the nine months ended December 31, 2020, was HKD 2,117,000, a significant increase from HKD 10,561,000 in the same period of 2019, indicating a recovery trend[81]. - The group’s machinery leasing income for the three months ended December 31, 2020, was HKD 785,000, compared to HKD 100,000 in the same period of 2019, indicating a substantial increase[80]. Expenses and Costs - The company’s administrative expenses for the three months ended December 31, 2020, were HKD 3,726,000, slightly down from HKD 3,842,000 in the same period of 2019[7]. - Administrative expenses for the nine months ended December 31, 2020, were approximately HKD 11.4 million, an increase of about 8.4% from HKD 10.5 million in the same period of 2019[192]. - The cost of sales for the nine months ended December 31, 2020, was approximately HKD 81.3 million, up about 23.6% from HKD 65.8 million in the same period of 2019[189]. - The gross profit for the nine months ended December 31, 2020, was approximately HKD 9.3 million, an increase of about 4.3% from HKD 8.9 million in the same period of 2019, with a gross margin decrease from approximately 12.0% to 10.3%[191]. Government Support - The group received approximately HKD 3,952,000 in funding support from the Hong Kong government's anti-epidemic fund to retain employees during the subsidy period[167]. Strategic Focus - The company plans to focus on project selection and cost control in response to the challenging industry outlook due to COVID-19[187]. - The group aims to enhance its operational capabilities and efficiency in foundation and site leveling works through investments in human resources and information systems[187]. - The group will continue to seek additional qualifications and enrich its financial resources to bid for suitable projects as a foundation contractor[187]. Shareholder Information - As of December 31, 2020, Mr. Tang Gui Liang held 187,000,000 shares, representing approximately 20.78% of the company's ordinary shares[196]. - As of December 31, 2020, Mr. Xu Guan You held 183,000,000 shares, representing approximately 20.33% of the company's ordinary shares[196]. - Mr. Tang is the sole director of C3J Development Limited, which he legally owns entirely[197]. - Mr. Xu is the sole director of Heng Tai Enterprises Limited, which he legally owns entirely[198]. - The company has disclosed the interests and short positions of its directors and key executives in accordance with the Securities and Futures Ordinance[196]. Dividends - The company did not recommend any dividend for the nine months ended December 31, 2020, consistent with no dividend for the same period in 2019[181]. - The board of directors did not recommend the payment of dividends for the nine months ended December 31, 2020, consistent with the previous year[194]. Other Information - The group has adopted all new and revised Hong Kong Financial Reporting Standards effective from April 1, 2020, with no significant impact on the financial statements[79]. - The company has no new product or technology developments mentioned in the provided documents[195]. - There are no specific future outlooks or performance guidance provided in the documents[195]. - No market expansion or acquisition strategies were detailed in the provided content[195].

Financial Performance - Revenue for the three months ended September 30, 2020, was HKD 24,773,000, representing an increase of 10.1% compared to HKD 22,502,000 for the same period in 2019[6] - Gross profit for the six months ended September 30, 2020, was HKD 8,034,000, up from HKD 7,637,000 in the same period of 2019, indicating a growth of 5.2%[6] - The company reported a net loss attributable to owners of HKD 2,744,000 for the three months ended September 30, 2020, compared to a loss of HKD 2,576,000 in the same period of 2019, reflecting an increase in losses of 6.5%[6] - Basic and diluted loss per share for the three months ended September 30, 2020, was HKD 0.46, compared to HKD 0.43 for the same period in 2019[6] - Total revenue for the six months ended September 30, 2020, was HKD 56,142,000, an increase of 49.0% compared to HKD 37,689,000 for the same period in 2019[19] - The group reported a total comprehensive loss of HKD 2,410,000 for the six months ended September 30, 2020, compared to a loss of HKD 2,247,000 in the same period last year[10] - The group recorded a net loss of approximately HKD 2.4 million for the six months ended September 30, 2020, compared to a net loss of approximately HKD 2.2 million for the same period in 2019[128] Assets and Liabilities - Total assets as of September 30, 2020, amounted to HKD 71,520,000, while total liabilities were HKD 11,317,000, resulting in a net asset value of HKD 60,203,000[8] - Non-current assets totaled HKD 65,272,000 as of September 30, 2020, with property, plant, and equipment accounting for HKD 48,519,000[8] - The company reported a total current asset of HKD 76,356,000, which includes cash and cash equivalents of HKD 6,424,000[8] - The group's total assets as of September 30, 2020, were reported at HKD 51,898 million[69] - As of September 30, 2020, the group had total liabilities of approximately HKD 44.0 million, down from approximately HKD 47.5 million as of March 31, 2020[134] - The group's debt-to-equity ratio as of September 30, 2020, was approximately 73.1%, a decrease from about 75.9% as of March 31, 2020[134] Cash Flow - Cash and cash equivalents at the end of the period were HKD 6,424,000, down from HKD 12,817,000 at the end of the same period in 2019[11] - Net cash generated from operating activities was HKD 6,937,000, compared to a net cash used of HKD 8,729,000 in the same period last year[11] - The group incurred a net cash outflow from investing activities of HKD 1,754,000, significantly reduced from HKD 14,253,000 in the previous year[11] - The group raised bank and other borrowings amounting to HKD 3,601,000, down from HKD 32,277,000 in the previous year[11] Expenses - The company’s administrative expenses increased to HKD 4,987,000 for the three months ended September 30, 2020, compared to HKD 3,373,000 in the same period of 2019, marking a rise of 47.8%[6] - Short-term employee benefits for management decreased to HKD 1,434,000 for the six months ended September 30, 2020, down from HKD 1,732,000 in the previous year, a reduction of approximately 17.3%[121] - Administrative expenses for the same period were approximately HKD 7.6 million, an increase of about 15.2% from approximately HKD 6.6 million in 2019, primarily due to consulting and legal fees[127] Shareholder Information - The group has a total issued share capital of HKD 10,000,000, with 1,000,000,000 shares authorized at a par value of HKD 0.01 each[118] - The group plans to conduct a rights issue, offering one new share for every two existing shares held, with the completion date on October 23, 2020[121] - The group completed a rights issue on October 23, 2020, issuing 300,000,000 shares at a subscription price of HKD 0.027 per share, raising approximately HKD 7 million for loan repayment and settling debts to suppliers[131] Market and Operational Outlook - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[5] - The overall outlook for the industry remains challenging due to uncertainties caused by the COVID-19 pandemic, impacting the foundation industry with supply chain disruptions and labor shortages[128] Governance and Compliance - The audit committee reviewed the unaudited consolidated financial statements for the six months ending September 30, 2020, confirming compliance with applicable accounting standards and GEM listing rules[174] - The board of directors includes executive directors and independent non-executive directors, ensuring a diverse governance structure[178] Employee Information - The company had 80 full-time employees as of September 30, 2020, an increase from 72 employees as of September 30, 2019[140] - As of September 30, 2020, the total employee cost for the six months ended was approximately HKD 17.2 million, compared to HKD 14.8 million for the same period in 2019, reflecting an increase of about 16.2%[140]

Financial Performance - Total revenue for the first quarter ended June 30, 2020, was HKD 32,701,000, compared to HKD 25,648,000 for the same period in 2019, representing a year-over-year increase of 27.5%[11] - Construction contract revenue accounted for HKD 32,182,000, up from HKD 20,308,000 in the previous year, indicating a significant growth in this segment[25] - Gross profit for the quarter was HKD 2,679,000, down from HKD 4,198,000 in the prior year, reflecting a decrease of 36.2%[11] - Operating profit for the quarter was HKD 802,000, compared to HKD 948,000 in the same quarter of 2019, a decline of 15.4%[11] - Profit attributable to owners of the company was HKD 334,000, slightly up from HKD 332,000 in the previous year, showing a marginal increase[11] - Basic and diluted earnings per share remained stable at HKD 0.06 for both 2020 and 2019[9] - The group recorded a profit of approximately HKD 0.3 million for the three months ended June 30, 2020, consistent with the profit of approximately HKD 0.3 million for the same period in 2019[57] Cost and Expenses - The cost of sales for the three months ended June 30, 2020, was approximately HKD 30.0 million, a 40.0% increase from approximately HKD 21.5 million for the same period in 2019, mainly due to increased construction material and subcontractor costs from more awarded projects[60] - Administrative expenses decreased to HKD 2,650,000 from HKD 3,264,000, a reduction of 18.8%[11] - Administrative expenses for the three months ended June 30, 2020, were approximately HKD 2.7 million, down about 18.8% from approximately HKD 3.3 million for the same period in 2019, mainly due to reduced employee costs[63] - Financing costs decreased to HKD 404,000 from HKD 473,000, indicating a reduction of 14.6%[11] - The group’s financing costs for the three months ended June 30, 2020, totaled HKD 404,000, down from HKD 473,000 in the same period of 2019[32] - The group’s tax expense for the three months ended June 30, 2020, was HKD 64,000, compared to HKD 143,000 for the same period in 2019[33] Government Support - The group received government subsidies of HKD 764,000 during the three months ended June 30, 2020, as part of the employment support scheme[29] Operational Strategy - The company has invested significantly in machinery and equipment necessary for drilling operations, enhancing its operational capacity[19] - The group plans to maintain prudent financial management in project selection and cost control due to the challenging business environment caused by COVID-19[58] - The group aims to enhance its operational capabilities and efficiency in foundation and site leveling works through investments in human resources and information systems[58] - The group has identified a single operating segment based on its overall performance evaluation, focusing on foundation engineering and related services in Hong Kong and Macau[26] Dividends and Shareholder Information - The group has no proposed interim dividend for the three months ended June 30, 2020, consistent with the previous year[50] - The board did not recommend the payment of an interim dividend for the three months ended June 30, 2020, compared to zero for the same period in 2019[65] - Major shareholders include C3J Development with 187 million shares (31.17%) and Heng Tai Enterprises with 183 million shares (30.50%) as of June 30, 2020[81] Corporate Governance - The company has adhered to the corporate governance code as per GEM listing rules during the reporting period[94] - The company’s board of directors confirmed compliance with trading regulations for securities transactions as of June 30, 2020[89] - The company has committed to good corporate governance as a key element in managing its business and affairs[94] - The audit committee, established on September 22, 2017, reviewed the unaudited condensed consolidated financial statements for the three months ending June 30, 2020, ensuring compliance with applicable accounting standards[96] - The company’s audit committee includes at least one independent non-executive director with appropriate professional qualifications or accounting expertise[96] Competition and Securities - No purchases, sales, or redemptions of the company's listed securities were made by the company or any of its subsidiaries during the three months ended June 30, 2020[85] - There were no reported business activities that directly or indirectly compete with the group's business by directors, controlling shareholders, or major shareholders during the same period[86] - The company has established a non-competition agreement to prevent competition with its controlling shareholders, effective since September 22, 2017[87] - The company’s stock option plan, effective from September 22, 2017, allows for a maximum of 10% of issued shares to be granted as unexercised options at any time[91] - No stock options were granted, exercised, expired, or lapsed during the three months ending June 30, 2020[93] - The stock option exercise price is determined by the board and cannot be lower than the higher of the closing price on the offer date or the average closing price over the previous five trading days[92] - The company will notify the promoters within six months regarding the exercise of the right of first refusal for any competitive business opportunities[88]

Beaver Group (Holding) Company Limited 永勤集團(控股)有限公司 (於開曼群島註冊成立之有限公司) 股份代號： 8275 P 2020 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・此等公司相比超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報告之內容概不負責·對其準確性或完整性亦不發表任何聲明·並明確表示 概不就因本報告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。 本報告的資料乃遵照聯交所GEM證券上市規則(「GEM上市規則 J)而刊載·旨在提供有陽永勤集團(控股)有限公司(「本 公司｣連同其附屬公司稱為「本集團」）的資料：本公司的董事（「董事」）願就本報告的資料共同及個別地承擔全部責任。 各董事在作出一切合理 ...

Financial Performance - For the three months ended December 31, 2019, the company reported revenue of HKD 26,548,000, a decrease of 36.1% compared to HKD 41,573,000 for the same period in 2018[5] - The gross profit for the same period was HKD 739,000, down 84.8% from HKD 4,856,000 in the prior year[5] - The company incurred an operating loss of HKD 3,391,000 for the three months ended December 31, 2019, compared to an operating profit of HKD 494,000 in the same period of 2018[5] - The net loss attributable to owners of the company for the three months was HKD 4,013,000, compared to a profit of HKD 52,000 in the prior year[5] - The company reported total comprehensive loss of HKD 4,016,000 for the three months ended December 31, 2019, compared to total comprehensive income of HKD 114,000 in the same period of 2018[5] - For the nine months ended December 31, 2019, total revenue was HKD 74,698,000, a decrease of 39.5% from HKD 123,833,000 in the same period of 2018[5] - The company recorded a net loss of approximately HKD 6.3 million for the nine months ended December 31, 2019, compared to a profit of approximately HKD 3.9 million for the same period in 2018, representing a significant decline in performance[88] - Revenue for the nine months ended December 31, 2019, was approximately HKD 74.7 million, a decrease of about 39.7% from approximately HKD 123.8 million for the same period in 2018[90] - The cost of sales for the nine months ended December 31, 2019, was approximately HKD 65.8 million, down about 38.8% from approximately HKD 107.5 million for the same period in 2018[91] - Gross profit for the nine months ended December 31, 2019, was approximately HKD 8.9 million, a decrease of about 45.4% from approximately HKD 16.3 million for the same period in 2018, with a gross margin decline from 13.2% to 12.0%[93] Revenue Sources - The group reported construction contract revenue of HKD 26,448 thousand for the three months ended December 31, 2019, down from HKD 37,729 thousand in the same period of 2018, representing a decrease of approximately 29.9%[66] - Rental income from machinery was HKD 100 thousand for the three months ended December 31, 2019, significantly lower than HKD 3,844 thousand in the same period of 2018, indicating a decline of about 97.4%[66] - Revenue from Hong Kong for the nine months ended December 31, 2019, was HKD 72,591 thousand, down from HKD 119,370 thousand in the same period of 2018, a decline of about 39.2%[72] Financial Costs and Impairments - The company’s financial costs increased to HKD 600,000 for the three months ended December 31, 2019, from HKD 344,000 in the same period of 2018[5] - The company reported a net impairment loss on financial assets of HKD 1,142,000 for the three months ended December 31, 2019, compared to HKD 433,000 in the same period of 2018[5] - Financing costs for the three months ended December 31, 2019, included interest on bank and other borrowings amounting to HKD 564 thousand, an increase from HKD 331 thousand in the same period of 2018[75] Business Strategy and Future Outlook - The company aims to enhance its market presence and explore new business strategies to improve financial performance moving forward[5] - The company aims to diversify its revenue sources and seek more profitable foundation engineering projects, indicating a cautious optimism about future business prospects[88] - The company plans to actively seek potential business opportunities to expand revenue sources and enhance shareholder value, including machinery leasing to improve utilization rates[89] - The company’s financial resources from the share issuance will support its business opportunities and strategies, further strengthening its market position in foundation engineering[89] Accounting Standards and Compliance - The group has adopted all new and revised Hong Kong Financial Reporting Standards effective from April 1, 2019, with no early adoption of other standards[54] - The group has recognized right-of-use assets and lease liabilities for most leases under Hong Kong Financial Reporting Standard 16, replacing the previous classification of operating and finance leases[58] - The initial measurement of lease liabilities is based on the present value of future lease payments discounted at the incremental borrowing rate of the group[59] - The group has chosen not to recognize right-of-use assets and lease liabilities for certain low-value asset leases, expensing lease payments on a straight-line basis over the lease term[58] - The transition to Hong Kong Financial Reporting Standard 16 involved measuring lease liabilities at the present value of remaining lease payments, discounted at the group's incremental borrowing rate as of April 1, 2019[61] - The group has applied practical expedients for leases classified as operating leases under the previous standard, including exemptions for leases with terms of less than 12 months[61] - The group has confirmed that the accounting policies adopted for the preparation of the unaudited consolidated financial statements are consistent with those used in the previous financial year[54] - The unaudited consolidated financial statements have been reviewed by the audit committee but not audited by the company's auditors[52] - The financial statements are presented in Hong Kong dollars, which is the functional currency of the company and its subsidiaries[54] - The group has not identified any significant impact from the adoption of other new standards effective from April 1, 2019[54] Shareholder Information - C3J Development holds 187,000,000 shares, representing 31.17% of the company, while Heng Tai Enterprises holds 183,000,000 shares, representing 30.50%[100] - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries for the nine months ended December 31, 2019[103] - There were no competitive activities or conflicts of interest reported by directors, controlling shareholders, or major shareholders during the nine months ended December 31, 2019[104] - The company has adopted trading regulations as per GEM Listing Rules for directors' securities transactions, and all directors confirmed compliance for the nine months ended December 31, 2019[108] - The stock option plan was established on September 22, 2017, and is valid for ten years, with no options granted, exercised, expired, or lapsed as of December 31, 2019[109] - The compliance advisor confirmed that there are no interests or equity held by the compliance advisor or its associates that need to be disclosed under GEM Listing Rules[110] - The audit committee, established on September 22, 2017, reviewed the unaudited consolidated financial statements for the nine months ended December 31, 2019, ensuring compliance with applicable accounting standards and GEM Listing Rules[113]