本公告的資料乃遵照GEM 證券上市規則（「GEM 上市規則」）而刊載，旨在提供有 關艾碩控股有限公司（「本公司」）的資料。本公司董事（「董事」）願就本公告共同 及個別地承擔全部責任，並在作出一切合理查詢後確認，就彼等所深知及確信，本 公告所載資料在各重要方面均屬準確完備，並無誤導或欺詐成分，亦無遺漏其他 事項，足以令致本公告所載任何陳述產生誤導。 1 全年業績 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，並明確表示概不會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。 AESO HOLDING LIMITED 截至二零二五年三月三十一日止年度 全年業績公告 香港聯合交易所有限公司（「聯交所」）GEM之特色 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 ...

Financial Performance - The company reported a profit attributable to owners of approximately HKD 4.7 million for the six months ended September 30, 2024, compared to HKD 4.3 million for the same period in 2023, representing an increase of about 9.3%[4]. - Total revenue for the group was approximately HKD 118.0 million, reflecting an increase of approximately 0.9% compared to HKD 117.0 million in the same period last year[10]. - Basic earnings per share were approximately HKD 5.85, up from HKD 5.34 in the previous year, indicating a growth of about 9.5%[11]. - The operating profit for the period was HKD 6.5 million, an increase from HKD 5.6 million in the previous year, representing a growth of approximately 15.4%[12]. - The company achieved a pre-tax profit of HKD 4,683,000 for the six months ended September 30, 2024, compared to HKD 4,275,000 in the same period of 2023, indicating a growth of about 9.5%[44]. - The net profit attributable to the owners of the company increased from approximately HKD 4.3 million to about HKD 4.7 million, primarily due to an increase in gross profit[62]. Revenue Breakdown - Revenue from renovation projects decreased to HKD 29,514,000 in 2024 from HKD 49,339,000 in 2023, a decline of about 40.2%[25]. - Revenue from decoration projects increased significantly to HKD 88,528,000 in 2024, up from HKD 67,690,000 in 2023, marking an increase of approximately 30.7%[25]. - The total segment profit for decoration projects was HKD 18,587,000, while for renovation projects it was HKD 859,000, leading to a total segment profit of HKD 19,446,000[31]. - The company's gross profit increased from approximately HKD 18.2 million to about HKD 19.4 million, representing an increase of approximately 6.6%[66]. - The company's overall revenue increased from approximately HKD 117.0 million to about HKD 118.0 million, representing a growth of approximately 0.9%[59]. Cash and Assets - The net cash and cash equivalents at the end of the period were HKD 9.3 million, a decrease from HKD 9.8 million at the end of the previous year[20]. - The total assets less current liabilities amounted to HKD 50.6 million, compared to HKD 46.4 million as of March 31, 2024, indicating an increase of approximately 8.0%[14]. - Non-current assets, including property, plant, and equipment, increased to HKD 2.2 million from HKD 1.7 million, reflecting a growth of about 29.4%[14]. - The company has cash and bank balances of approximately HKD 9.3 million as of September 30, 2024, down from approximately HKD 14.7 million as of March 31, 2024[71]. Expenses and Costs - The company's administrative expenses increased by approximately 8.9%, from about HKD 12.3 million to approximately HKD 13.4 million, mainly due to increased employee costs[67]. - Financing costs increased to HKD 1,790,000 in 2024 from HKD 1,332,000 in 2023, representing a rise of about 34.4%[42]. Dividends and Tax - The company did not recommend any dividend payment for the period[5]. - The company did not declare any dividends for the period, consistent with the previous year[47]. - The company has sufficient tax losses to offset taxable profits, resulting in no provision for Hong Kong profits tax for both periods[46]. Contracts and Commitments - The company has unrecognized contract revenue of approximately HKD 287.2 million as of September 30, 2024, mainly from major listed property developers in Hong Kong and large developers from China[63]. - The company submitted tenders amounting to approximately HKD 824.8 million during the period, compared to HKD 925.3 million in the same period last year[57]. - As of September 30, 2024, the group has no significant capital commitments[75]. - The group has no major investments as of September 30, 2024[77]. Corporate Governance - The company has established a remuneration committee to review the compensation policies for directors and senior management[83]. - The audit and risk management committee is responsible for ensuring the accuracy and fairness of the company's financial statements and has been provided with sufficient resources to fulfill its duties[114]. - The company has complied with the corporate governance code, except for the deviation regarding the roles of the chairman and CEO being held by the same individual[130]. - No significant changes in director information have been reported during the period[89]. Stock Options - A total of 8,000,000 share options are available for issuance, representing 10% of the issued shares as of the report date[102]. - The stock option plan will remain effective for a period of 10 years from the adoption date, which is September 30, 2019, until September 29, 2029[106]. - A total of 8,000,000 stock options were granted on August 15, 2022, with an exercise price of HKD 0.447 per share, and the closing price on the grant date was HKD 0.41[122]. - The fair value of the stock options granted to executive directors on August 15, 2022, was HKD 191,789 each, while the total fair value for other employees was HKD 975,382[122]. - As of April 1, 2024, there are 8,000,000 stock options that remain unexercised from the total granted[124]. - There are no specified minimum holding periods for stock options before they can be exercised, unless otherwise determined by the board[107]. Employment and Risks - The group employed 41 employees as of September 30, 2024, with a compensation policy based on experience and qualifications[80]. - There are no significant foreign exchange risks as of September 30, 2024, with transactions primarily in HKD and USD[79]. - The group has not acquired or sold any subsidiaries during the reporting period[78]. - No significant events have occurred after the reporting period that would impact the company's operations[128]. - The company has not purchased, sold, or redeemed any of its listed securities during the period[112].

Financial Performance - The group's revenue for the six months ended September 30, 2024, was approximately HKD 118.0 million, an increase of about 0.9% compared to HKD 117.0 million in the same period of 2023[6]. - Profit attributable to owners of the company for the period was approximately HKD 4.7 million, compared to HKD 4.3 million in 2023[7]. - Basic earnings per share for the period was approximately HKD 5.85, an increase from HKD 5.34 in the previous year[9]. - The group's gross profit was HKD 19.4 million, up from HKD 18.2 million in the same period last year[11]. - Operating profit for the period was HKD 6.5 million, compared to HKD 5.6 million in 2023[11]. - The company achieved a net profit of HKD 4,683,000 for the six months ended September 30, 2024, compared to a profit of HKD 4,275,000 for the same period in 2023, marking an increase of approximately 9.5%[20]. - The company reported a total comprehensive income of HKD 4,683,000 for the period, reflecting a recovery from a total comprehensive loss of HKD 67,166,000 in the previous year[18]. Revenue Breakdown - Revenue from renovation projects was HKD 29,514,000, down from HKD 49,339,000 in the previous year, indicating a decline of about 40.2%[25]. - Revenue from refurbishment projects increased by approximately 30.7%, from about HKD 67.7 million in the six months ended September 30, 2023, to about HKD 88.5 million in 2024[59]. - Major clients contributed significantly to revenue, with Client 1 in renovation projects generating HKD 51,605,000, a substantial increase from HKD 17,432,000 in the previous year[39]. Assets and Liabilities - Total assets less current liabilities amounted to HKD 50.6 million, an increase from HKD 46.4 million as of March 31, 2024[13]. - The company’s total equity increased to HKD 50.5 million from HKD 45.8 million[15]. - The company’s total liabilities decreased to HKD 62,891,000 from HKD 67,166,000 year-on-year, indicating improved financial stability[18]. - The company has a cash balance of approximately HKD 9.3 million as of September 30, 2024, down from HKD 14.7 million as of March 31, 2024[68]. Cash Flow and Operating Activities - The company reported a net cash position of HKD 9.3 million as of September 30, 2024, down from HKD 14.7 million[13]. - The company experienced a net cash outflow from operating activities of HKD 731,000 for the six months ended September 30, 2024, compared to a net inflow of HKD 9,675,000 in the same period last year[20]. Corporate Governance - The company emphasizes strict corporate governance principles to enhance accountability and transparency for shareholders[115]. - The Audit and Risk Management Committee is chaired by an independent non-executive director, ensuring accurate financial reporting and risk management[118]. - The board includes executive directors and independent non-executive directors, maintaining a balance of power and oversight[119]. - The company has complied with the GEM Listing Rules, except for the deviation regarding the roles of the chairman and CEO[115]. Future Outlook and Strategy - The company plans to continue focusing on renovation and construction projects to enhance revenue streams and market presence in Hong Kong[22]. - The management team maintains a cautiously optimistic outlook on renovation and refurbishment projects, driven by government investments in transportation infrastructure and housing[67]. - The company expects to see increased project opportunities from semi-official sectors due to anticipated growth in public sector land supply[65]. Share Options - A total of 8,000,000 share options are available for issuance, representing approximately 10% of the total issued shares as of September 30, 2021[3]. - As of the report date, 2,000,000 share options will expire in July 2024, with no options being canceled or exercised during the period[4]. - The share options plan will remain effective for a period of 10 years from September 30, 2019, until September 29, 2029[5]. - The maximum allocation of share options to each participant in any 12-month period cannot exceed 1% of the total issued shares[6]. - The exercise price for the share options granted on August 15, 2022, is set at HKD 0.447 per share[7]. - A total of 10,000,000 share options were granted, with 8,000,000 options remaining unexercised as of the report date[8]. - The fair value of the share options granted on August 15, 2022, was determined using a binomial model[9]. Staffing and Operations - The company employs 41 staff members as of September 30, 2024[77]. - The company has no significant foreign exchange risk as its operations are primarily conducted in Hong Kong dollars and US dollars[76]. - The company has not made any acquisitions or disposals of subsidiaries during the reporting period[75]. - The company has no significant capital commitments as of September 30, 2024[72].

Financial Performance - Revenue for the fiscal year 2024 was approximately HKD 239.7 million, a decrease of about 8.7% compared to HKD 262.6 million in 2023[6] - Gross profit increased to HKD 37.5 million, up from HKD 35.9 million in the previous year, reflecting a growth of approximately 4.3%[6] - The company reported a net profit of HKD 8.1 million for the year, slightly down from HKD 8.3 million in 2023, representing a decrease of about 1.8%[6] - The total revenue from renovation projects was approximately HKD 145.6 million, a significant decline of about 42.1% from HKD 251.6 million in the same period last year[22] - The company submitted tenders worth approximately HKD 1,981.5 million during the reporting period, a decrease from HKD 2,187.7 million in 2023[34] - The company has been awarded three projects during the year, with a total contract value of approximately HKD 221.7 million, down from six projects valued at HKD 244.3 million in 2023[34] - The profit attributable to the owners of the company was approximately HKD 8.1 million during the reporting period, compared to approximately HKD 8.3 million for the same period in 2023, mainly due to the absence of government subsidies related to COVID-19[37] Cost Management - Administrative expenses decreased to HKD 26.8 million from HKD 29.6 million, showing a reduction of about 9.5%[6] - The financing costs increased to HKD 2.97 million from HKD 1.93 million, reflecting an increase of approximately 54%[6] - The group's direct costs decreased from approximately HKD 226.7 million for the year ended March 31, 2023, to approximately HKD 202.2 million during the reporting period, a decrease of about 10.8%[59] Asset Management - As of March 31, 2024, the group's net current assets were approximately HKD 43.1 million, compared to approximately HKD 34.9 million as of March 31, 2023[63] - The group had cash and cash equivalents of approximately HKD 14.7 million as of March 31, 2024, compared to approximately HKD 11.2 million as of March 31, 2023[63] - The group has no significant commitments as of March 31, 2024[66] Corporate Governance - The company maintains a high standard of corporate governance, adhering to the GEM Listing Rules Appendix 15, with a focus on accountability and transparency[81] - The board consists of three executive directors and three independent non-executive directors, ensuring a diverse and qualified leadership team[83] - The company encourages shareholder participation in annual general meetings, allowing for proxy representation if shareholders cannot attend[89] - The remuneration committee held one meeting during the reporting period, with all members in attendance[97] - The chairman, Mr. Chan Siu Chung, is responsible for the overall strategy and business development of the group[90] - The company secretary, Ms. Choi Mei Pik, is a member of the Hong Kong Institute of Certified Public Accountants and has undergone relevant professional training[91] - The company has adopted strict procedures for regulating directors' securities transactions, in line with GEM Listing Rules[95] - The board has implemented a diversity policy since January 10, 2017, to promote sustainable and balanced development[84] - The company emphasizes the importance of a high-quality board and effective internal controls for business success and shareholder value enhancement[81] - The board consists of six directors, including three independent non-executive directors, ensuring a reasonable balance and oversight of the company's management[109] - The nomination committee was established in 2017, chaired by the chairman and executive director, with other members being independent non-executive directors[118] - The audit and risk management committee held four meetings during the reporting period, with all members in attendance[124] - The company has no established corporate governance committee, with the board responsible for governance functions and policy reviews[127] - The independent auditor did not express any reservations and confirmed the company's ability to continue as a going concern[126] Risk Management - The company has identified key risks categorized as strategic, operational, and compliance risks[182] - The company aims to enhance its internal control and risk management systems through annual reviews by external independent professionals[165] - An independent internal control review consultant has been appointed to assess the effectiveness of the group's risk management and internal control systems[160] - The group established an enterprise risk management framework in 2017, with the board responsible for maintaining robust internal controls[162] - The board confirmed that it is responsible for ongoing supervision of the company's risk management and internal control systems[180] Environmental and Social Responsibility - The company has not reported any significant violations of environmental laws during the reporting period[171] - The company has implemented measures to control air pollution, noise pollution, and waste management in its daily operations[171] - The company is committed to monitoring and minimizing its environmental impact, with plans to publish an Environmental, Social, and Governance (ESG) report in its annual report[192] Employee Management - The company emphasizes the importance of employee compensation to attract and motivate staff, regularly reviewing compensation packages[169] - As of March 31, 2024, the group employed 45 staff members, a slight decrease from 46 staff members as of March 31, 2023[72] Dividend Policy - The company did not recommend the payment of dividends for the reporting period, consistent with the previous year[167] - The board will continuously review the dividend policy and does not guarantee any specific amount of dividends for any designated period[179] - The board considers various factors, including the group's operational funding needs and capital expenditure requirements, when deciding on dividend distribution[158]

Financial Performance - For the fiscal year ending March 31, 2024, the total revenue was HKD 239,688,000, a decrease of 8.7% from HKD 262,616,000 in the previous year[5] - The gross profit for the same period was HKD 37,499,000, representing a gross margin of 15.6%, compared to HKD 35,945,000 in the previous year[5] - Operating profit increased to HKD 11,077,000, up 8.7% from HKD 10,191,000 year-on-year[5] - The net profit for the year was HKD 8,110,000, slightly down from HKD 8,261,000 in the previous year, resulting in basic and diluted earnings per share of 10.14 HKD[5] - The group reported a pre-tax profit of HKD 8,110,000 for the fiscal year ending March 31, 2024, compared to HKD 8,261,000 in the previous year, reflecting a slight decrease of 1.8%[23] - The profit attributable to the owners of the company for the reporting period was approximately HKD 8.1 million, compared to HKD 8.3 million in the same period of 2023, primarily due to the absence of government subsidies related to COVID-19, which amounted to HKD 1,248,000 in 2023[48] Revenue Breakdown - Revenue from renovation projects was HKD 94,104,000, significantly up from HKD 11,012,000, indicating a growth of 754.5%[20] - Revenue from decoration projects decreased to approximately HKD 145.6 million, a decrease of about 42.1% from approximately HKD 251.6 million in the previous year[42] - The group’s revenue from major customers included HKD 43,509,000 from Customer 1 in renovation projects, down from HKD 75,486,000 in the previous year[27] Assets and Liabilities - Total assets as of March 31, 2024, amounted to HKD 169,648,000, an increase from HKD 114,275,000 in the previous year[7] - Current liabilities increased to HKD 126,574,000, compared to HKD 79,403,000 in the previous year, indicating a rise in financial obligations[7] - The company's total equity increased to HKD 45,838,000 from HKD 37,728,000, reflecting a stronger financial position[7] - Accounts receivable increased to approximately HKD 44.62 million, up from HKD 33.95 million in the previous year[36] Operational Focus - The company continues to focus on providing housing improvement solutions, including renovation and construction services for commercial and residential buildings[8] - The company plans to focus on opportunities in renovation and refurbishment projects in Hong Kong, particularly in commercial and residential developments[49] - Management believes that the construction industry in Hong Kong will thrive, with expected increases in workload, especially in the public sector, due to government plans to boost annual infrastructure spending[50] Compliance and Governance - The company has complied with the corporate governance code as per GEM listing rules, with a focus on accountability and transparency[76] - The audit and risk management committee is responsible for ensuring the financial statements present a true and balanced assessment of the group's financial position[78] - The company confirms that all directors adhered to the trading compliance standards during the reporting period[81] Stock Options and Employee Information - The share option plan allows for the issuance of up to 10,000,000 shares, representing approximately 12.5% of the company's issued share capital as of the announcement date[63] - As of March 31, 2024, the total number of unexercised stock options available for issuance under the stock option plan is 12,270,965 shares, representing approximately 15.3% of the issued shares as of the announcement date[73] - The company employed 45 staff members as of March 31, 2024, down from 46 staff members as of March 31, 2023[59] Miscellaneous - The company has not recommended any dividend for the year ended March 31, 2024, consistent with the previous year[32] - The company has not made any significant investments or acquisitions during the reporting period[56][57] - No significant events related to the group occurred after the reporting period[75] - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[74]

Financial Performance - The group's revenue for the six months ended September 30, 2023, was approximately HKD 117.0 million, an increase of about 0.3% compared to the same period in 2022[4] - Profit attributable to owners of the company for the period was approximately HKD 4.3 million, up from HKD 3.7 million in 2022[4] - Basic earnings per share for the period was approximately HKD 5.34, compared to HKD 4.60 in the previous year[4] - The group reported a gross profit of HKD 18.2 million for the six months, an increase from HKD 16.2 million in 2022[5] - Operating profit for the six months was HKD 5.6 million, compared to HKD 4.2 million in the same period last year[5] - The company reported a pre-tax profit of HKD 4,275,000 for the six months ended September 30, 2023, compared to HKD 3,676,000 for the same period in 2022, indicating a growth of 16.3%[22] - Revenue from renovation projects for the six months ended September 30, 2023, was approximately HKD 49.3 million, a significant increase of about 270.7% compared to approximately HKD 13.3 million for the same period in 2022[41] - Gross profit for the six months ended September 30, 2023, was approximately HKD 18.2 million, an increase of about 12.3% from approximately HKD 16.2 million for the same period in 2022[43] - The company's profit attributable to owners for the six months ended September 30, 2023, was approximately HKD 4.3 million, up from approximately HKD 3.7 million for the same period in 2022, primarily due to a significant increase in gross profit[46] Cash Flow and Assets - Cash inflow from operating activities for the six months was HKD 9.7 million, compared to an outflow of HKD 2.6 million in 2022[12] - The net cash and cash equivalents at the end of the period were HKD 9.8 million, an increase from HKD 6.3 million at the end of the previous year[12] - Total assets less current liabilities as of September 30, 2023, amounted to HKD 43.7 million, up from HKD 40.6 million as of March 31, 2023[6] - The company’s total equity increased to HKD 42.0 million as of September 30, 2023, from HKD 37.7 million as of March 31, 2023[7] - The company reported net current assets of approximately HKD 39.2 million as of September 30, 2023, an increase from HKD 34.9 million as of March 31, 2023[50] Expenses and Costs - Total employee costs for the six months ended September 30, 2023, were approximately HKD 11.167 million, a decrease of about 20.5% from approximately HKD 14.065 million for the same period in 2022[6] - Administrative expenses decreased from approximately HKD 13.1 million for the six months ended September 30, 2022, to approximately HKD 12.3 million for the same period in 2023, a reduction of about 6.1%[45] - Interest expenses for bank borrowings for the six months ended September 30, 2023, amounted to HKD 1,285,000, an increase of 173.6% from HKD 469,000 in the same period of 2022[26] Revenue Sources and Contracts - The company submitted tenders amounting to approximately HKD 925.3 million during the period, compared to approximately HKD 1,120.5 million for the six months ended September 30, 2022[39] - The company has a strong and stable revenue source for the upcoming fiscal year due to the tenders awarded during the period[39] - As of September 30, 2023, the company has unrecognized contract revenue of approximately HKD 266.3 million, primarily from renovation projects for major listed property developers in Hong Kong and large developers in China[49] Business Outlook - The company expects to expand its business in the public sector due to anticipated growth in land supply from government departments, which will create new customer opportunities[47] - The company has a cautious optimistic outlook for renovation and refurbishment projects, driven by government investments in transportation infrastructure and housing[49] Corporate Governance and Structure - The company has complied with the GEM Listing Rules regarding corporate governance, with some deviations noted[91] - The board of directors includes executive directors Mr. Chen Shaozhong, Mr. Zhang Xiaodong, and Mr. Zhang Haiwei, along with independent non-executive directors Mr. Yang Zhenyu, Ms. Li Yingsi, and Ms. Yu Yunqi[95] Stock Options and Employee Compensation - The stock option plan allows a maximum of 10,000,000 options to be granted, which is capped at 1% of the issued shares within any 12-month period[72] - As of August 15, 2022, 8,000,000 options were granted, with an immediate vesting on the grant date, and the share price at that time was HKD 0.41[81] - The fair value of the options granted to executive directors was HKD 191,789 each, while the total fair value for other employees was HKD 975,382[81] - The exercise price for options granted on August 15, 2022, was set at HKD 0.447, which is above the closing price on the grant date[78] - The stock option plan is effective for a period of 10 years, starting from September 30, 2019, until September 29, 2029[74] - Participants have 28 days from the grant date to accept the stock option offer[75] - There are no specified minimum holding periods for exercising the options unless determined otherwise by the board[76] Other Information - The company has no significant capital commitments as of September 30, 2023[54] - The company has no major investments as of September 30, 2023[56] - The company has no acquisitions or disposals of subsidiaries during the reporting period[57] - The company has pledged cash deposits of approximately HKD 0.9 million as of September 30, 2023, to secure general bank financing[53] - The company maintains a prudent treasury policy to manage credit risk and liquidity needs[51] - No significant events occurred after the reporting period as of the report date[89] - The mid-term performance report for 2023 is referenced, indicating ongoing financial assessments[96]

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，並明確表示概不會就本公告全部或任何 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。 AESO HOLDING LIMITED 截至二零二三年九月三十日止六個月的 中期業績公告 艾碩控股有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及其附屬 公司（統稱為「本集團」）截至二零二三年九月三十日止六個月的未經審核簡明綜 合中期業績。本公告載列本公司二零二三年中期業績報告的全文，符合香港聯合 交易所有限公司GEM證券上市規則（分別稱為「GEM」及「GEM上市規則」）有關 中期業績初步公告附載資料的相關規定。 為及代表 艾碩控股有限公司 主席 陳少忠 香港，二零二三年十一月十四日 ...

Financial Performance - For the three months ended June 30, 2023, the company reported revenue of HKD 51,907,000, a decrease of 3.15% from HKD 53,598,000 in the same period of 2022[4] - The gross profit for the same period was HKD 8,026,000, representing an increase of 12.3% compared to HKD 7,143,000 in 2022[4] - Operating profit for the first quarter of 2023 was HKD 1,605,000, up 7.9% from HKD 1,487,000 in the previous year[4] - The company recorded a profit before tax of HKD 1,110,000, down 13.5% from HKD 1,283,000 in the same quarter of 2022[4] - Basic earnings per share for Q1 2023 were HKD 1.39, a decrease from HKD 1.60 in Q1 2022[4] - The total comprehensive income for the period was HKD 1,110,000, compared to HKD 1,283,000 in the same quarter of 2022[4] - Profit attributable to owners for the three months ended June 30, 2023, was approximately HKD 1.1 million, down from approximately HKD 1.3 million in 2022[42] Revenue Breakdown - Revenue from renovation projects was HKD 10,200,000, an increase of 80.4% from HKD 5,655,000 in the previous year[18] - Revenue from decoration projects was HKD 41,707,000, down 13.0% from HKD 47,943,000 in the same period of 2022[18] - Total revenue decreased from approximately HKD 53.6 million in the three months ended June 30, 2022, to approximately HKD 51.9 million in the same period of 2023, a decrease of about 3.2%[37] - Revenue from renovation projects increased to approximately HKD 10.2 million, up about 78.9% from approximately HKD 5.7 million in the same period of 2022[37] Expenses and Costs - Financing costs increased to HKD 495,000 from HKD 204,000 in the previous year, reflecting a rise of 142.6%[4] - Administrative expenses rose to approximately HKD 6.4 million, an increase of about 12.3% from approximately HKD 5.7 million in the same period of 2022[40] Shareholder Information - As of June 30, 2023, the company’s beneficial owner, Mr. Chan, holds 11,800,000 shares, representing approximately 14.75% of the issued share capital[46] - Mr. Chan also holds 10,600,000 shares through Acropolis Limited, and directly holds 1,200,000 share options[49] - The company has a total of 10,000,000 share options that remain unexercised as of June 30, 2023[55] Corporate Governance - The audit and risk management committee is chaired by an independent non-executive director, ensuring the integrity of financial reporting[63] - The company has complied with the corporate governance code, with some deviations noted regarding the roles of the chairman and CEO[61] - No major shareholders or directors have interests in competing businesses during the reporting period[56] - The company has confirmed that all directors adhered to the trading compliance guidelines during the reporting period[54] Future Outlook - The company plans to focus on renovation and decoration opportunities in Hong Kong, particularly in commercial and residential developments[43] - The management maintains a cautiously optimistic outlook for renovation and refurbishment projects as the construction industry recovers post-COVID-19[45] Other Information - The company submitted tenders amounting to approximately HKD 440 million during the period, compared to approximately HKD 686.3 million in the same period of 2022[35] - The company has approximately HKD 292.2 million in unrecognized contract revenue as of June 30, 2023, primarily from commercial and residential development projects[43] - The company does not recommend any dividend payment for the period[27] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period[58] - There have been no significant events occurring after the reporting period as of the report date[59] - The company has adopted a share option scheme since September 30, 2019[52]

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，並明確表示概不會就本公告全部或任何 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。 AESO HOLDING LIMITED 截至二零二三年六月三十日止三個月的 第一季度業績公告 艾碩控股有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及其附屬 公司（統稱為「本集團」）截至二零二三年六月三十日止三個月的未經審核簡明綜 合季度業績。本公告載列本公司二零二三年第一季度報告的全文，符合香港聯合 交易所有限公司GEM證券上市規則（分別為「GEM」及「GEM上市規則」）有關附 帶補充第一季度業績初步公告的資料的相關規定。 為及代表 艾碩控股有限公司 主席 陳少忠 香港，二零二三年八月十四日 ...

Financial Performance - Total revenue for the reporting period increased to approximately HKD 262.6 million, representing a growth of about 20.5% compared to approximately HKD 218.0 million in the previous year[17]. - Revenue from refurbishment projects increased to approximately HKD 251.6 million, up about 32.3% from approximately HKD 190.2 million in the previous year[18]. - Revenue from renovation projects decreased to approximately HKD 11.0 million, a decline of about 60.4% from approximately HKD 27.8 million in the previous year[19]. - Gross profit increased to approximately HKD 35.9 million, up from approximately HKD 29.9 million in the previous year[21]. - Profit attributable to owners of the company was approximately HKD 8.3 million, slightly up from approximately HKD 8.2 million in the previous year[23]. - Operating profit increased to HKD 10.191 million from HKD 8.666 million, representing a growth of 17.6%[189]. - Profit before tax was HKD 8.261 million, slightly up from HKD 8.162 million, indicating stable performance despite increased financing costs[189]. - Basic earnings per share rose to 10.33 HKD cents from 10.20 HKD cents, showing a modest increase in shareholder returns[189]. - Total comprehensive income for the year was HKD 8.261 million, consistent with the previous year's performance[189]. Costs and Expenses - Direct costs increased to approximately HKD 226.7 million, reflecting a growth of about 20.5% in line with revenue growth[20]. - Administrative expenses rose to approximately HKD 29.6 million, an increase of about 21.3% from approximately HKD 24.4 million in the previous year[22]. - The company reported a financing cost of HKD 1.930 million, significantly higher than HKD 0.504 million in the previous year, indicating increased borrowing costs[189]. Project and Tender Activity - The group submitted tenders amounting to approximately HKD 2,187.7 million during the reporting period, compared to approximately HKD 4,231.7 million in the previous year[14]. - The group was awarded 6 projects worth approximately HKD 244.3 million, compared to 7 projects worth approximately HKD 119.3 million in the previous year[14]. - The company has secured two renovation projects with a total contract value of approximately HKD 179.8 million and four refurbishment projects totaling approximately HKD 64.5 million since April 1, 2022[26]. Assets and Liabilities - As of March 31, 2023, the company's net current assets were approximately HKD 34.9 million, an increase from HKD 25.7 million on March 31, 2022[28]. - The company's cash and bank balances were approximately HKD 6.2 million as of March 31, 2023, down from HKD 7.8 million a year earlier[28]. - Total assets decreased from HKD 114,275,000 in 2022 to HKD 108,265,000 in 2023, a decline of approximately 5.5%[192]. - Current liabilities decreased from HKD 82,569,000 in 2022 to HKD 79,403,000 in 2023, a reduction of about 3.4%[192]. - Non-current liabilities related to lease liabilities decreased from HKD 4,932,000 in 2022 to HKD 2,896,000 in 2023, a decrease of about 41.3%[195]. - Total equity increased from HKD 28,108,000 in 2022 to HKD 37,728,000 in 2023, reflecting an increase of approximately 34.3%[195]. Risk Management and Governance - The company has established an enterprise risk management framework to identify, assess, and prioritize risks, ensuring effective management of various risks[109]. - Major risks identified include strategic risks, operational risks, and compliance risks, which are monitored by the audit and risk management committee[111]. - The company has appointed an independent internal control review consultant to enhance risk management and internal control systems[108]. - The company is focused on managing liquidity risks through continuous credit assessments and monitoring of its cash flow[30]. - The company has implemented internal control procedures to comply with GEM listing rules and ensure confidentiality and proper disclosure of inside information[108]. Corporate Governance - The board consists of six directors, including three executive directors and three independent non-executive directors, ensuring a balance of power and expertise[57]. - The company emphasizes high standards of corporate governance and has complied with the GEM Listing Rules, except for a deviation regarding the roles of chairman and CEO[54]. - The company has adopted a board diversity policy since January 10, 2017, focusing on various criteria such as gender, age, and professional experience to enhance sustainable development[59]. - The board plans to hold four meetings annually, with at least one meeting scheduled each quarter, ensuring proper governance and oversight[62]. - Independent non-executive directors are actively involved in committees, providing valuable skills and expertise to enhance management processes[57]. - The company encourages shareholder participation in annual general meetings and allows proxy voting for those unable to attend[66]. - The company has a strong commitment to transparency and accountability, aiming to enhance shareholder confidence through strict governance practices[54]. Shareholder Information - Shareholders holding at least 10% of the voting shares can request a general meeting if the board does not convene one within 21 days of the request[96]. - The board will continuously review the dividend policy, which allows shareholders to share in profits while retaining funds for future growth opportunities[102]. - The board does not recommend the payment of dividends for the reporting period, consistent with the previous year[119]. Environmental and Operational Considerations - The group has implemented measures to control air pollution, noise pollution, and waste management during operations, with no known serious violations of environmental laws[123]. - The group relies on subcontractors for most site works, which poses operational risks if the quality of their work does not meet project requirements[112]. - The group has no internal audit function but reviews the need for such a function annually, opting for external professionals to fulfill this role[113]. Market Position and Competition - The group faced intensified competition in the Hong Kong renovation and refurbishment industry, with new entrants potentially impacting profit margins and market share[112]. - The company has established strong relationships with major clients and suppliers, contributing to its competitive advantage in the market[26]. - The group has established strong relationships with suppliers and subcontractors, ensuring reliable sourcing of materials and services[121].