Group 1 - The article provides a list of companies scheduled for various corporate events on November 6, 2025, including shareholder meetings and earnings announcements [1][4]. - Companies mentioned include major players such as Jiesheng Electronics, Xiaoma Zhixing-W, and Wenyuan Zhixing-W, indicating a busy day for the Hong Kong stock market [5]. - The article highlights the significance of these events for investors, as they may impact stock performance and market sentiment [5]. Group 2 - Specific events listed include earnings announcements, dividend distributions, and stock rights issues for companies like Meilan Airport and Huasheng Holdings [5]. - The presence of multiple companies from various sectors suggests a diverse range of investment opportunities on that date [5]. - The article emphasizes the importance of monitoring these events for potential investment strategies and market movements [5].

公司名稱: 怡康泰工程集團控股有限公司 呈交日期: 2025年11月3日 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08445 | 說明 | 不適用 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.05 HKD | | 50,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.05 HKD | | 50,000,000 | 本月底法定/註冊股本總額： H ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 怡康泰工程集團控股有限公司 呈交日期: 2025年10月3日 I. 法定/註冊股本變動 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08445 | 說明 | 不適用 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 276,380,000 | | 0 | | 276,380,000 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 276,380,000 | | 0 | | 276,380,000 | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 對 因 本 公 佈 全 部 或任何部份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。 NOBLE ENGINEERING GROUP HOLDINGS LIMITED 怡康泰工程集團控股有限公司 | | | | | | | | | 普通決議案 | | | | | | | | 票 | 數(%) | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | | | | | | | | | 贊 成 | 反 對 | | | (b) | | | | | | | | | 重選黃耀光先生為本公司獨立非執行董 | | | | | | | 17,294,000 | 0 | | | | | | | | | | | | 事及授權本公司董事會釐定 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 怡康泰工程集團控股有限公司 呈交日期: 2025年9月1日 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08445 | 說明 | 不適用 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.05 HKD | | 50,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.05 HKD | | 50,000,000 | 本月底法定/註冊股本總額： HKD 50,000,000 F ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 怡康泰工程集團控股有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08445 | 說明 | 不適用 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.05 HKD | | 50,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.05 HKD | | 50,000,000 | 本月底法定/註冊股本總額： HKD ...

[Corporate Information](index=3&type=section&id=Corporate%20Information) This section provides basic corporate details and contact information for the company [Chairman's Statement](index=5&type=section&id=Chairman's%20Statement) The Chairman reviews the financial year's performance, noting slight revenue growth and a narrowed net loss, while outlining a future strategy focused on prudent project selection and operational efficiency Financial Highlights | Indicator | FY2025 (HK$ million) | FY2024 (HK$ million) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Total Revenue | 325.6 | 320.7 | +1.5% | | Net Loss | 9.5 | 11.8 | -19.5% | - The Board attributes the **reduced net loss** primarily to increased gross profit and decreased administrative and other operating expenses[23](index=23&type=chunk) - Future strategy will focus on prudent project selection, enhancing operational efficiency, expanding equipment, broadening the customer base, and exploring business opportunities outside Hong Kong to achieve diversification and deliver greater shareholder returns[24](index=24&type=chunk)[25](index=25&type=chunk)[26](index=26&type=chunk) [Management Discussion and Analysis](index=6&type=section&id=Management%20Discussion%20and%20Analysis) This section analyzes the Group's business, market outlook, risks, and financial performance, highlighting a narrowed net loss to HK$9.5 million and stable financial position with no bank borrowings [Business Review and Outlook](index=7&type=section&id=Business%20Review%20and%20Outlook) The Group's core business is plastering works subcontracting in Hong Kong, facing intense market competition that may pressure gross margins, but management remains confident in maintaining its market share - The Group's main challenge is **intense market competition**, which could lead to fewer successful bids, lower contract values, and pressure on gross profit margins[34](index=34&type=chunk) - The Group will leverage its **strong industry reputation** and experienced management team to deliver high-quality works to counter competition and seek expansion[35](index=35&type=chunk) [Principal Risks and Uncertainties](index=7&type=section&id=Principal%20Risks%20and%20Uncertainties) The Group's operations face key risks including reliance on non-recurring projects, potential losses from inaccurate cost estimations, and liquidity impacts from delayed customer payments - Key risks include: - Revenue dependence on **non-recurring projects**, where failure to secure new contracts will impact performance - **Inaccurate project cost estimations** could lead to significant losses - **Delayed payments** from customers could adversely affect liquidity - Performance is closely tied to the overall trends of the plastering works industry[40](index=40&type=chunk) [Financial Review](index=8&type=section&id=Financial%20Review) The Group's financial performance improved in FY2025, with revenue up 1.5% to HK$325.6 million, gross profit up 56.3%, and the annual loss narrowing to HK$9.5 million Financial Performance | Financial Indicator | FY2025 (HK$ million) | FY2024 (HK$ million) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Revenue | 325.6 | 320.7 | +1.5% | | Gross Profit | 2.5 | 1.6 | +56.3% | | Gross Profit Margin | 0.8% | 0.5% | +0.3pp | | Administrative & Other Operating Expenses | 11.5 | 12.5 | -8.0% | | Loss for the Year | 9.5 | 11.8 | -19.5% | - Revenue growth was mainly attributable to an increase in awarded projects, while the reduced loss benefited from higher revenue and lower administrative expenses[45](index=45&type=chunk)[54](index=54&type=chunk) Liquidity | Liquidity Indicator (as at March 31) | 2025 (HK$ million) | 2024 (HK$ million) | | :--- | :--- | :--- | | Cash and Cash Equivalents | 13.0 | 29.7 | | Pledged Bank Deposits | 5.5 | 5.4 | | Bank Borrowings | 0 | 0 | | Gearing Ratio | 0% | 0% | Use of Net Proceeds from 2021 Rights Issue (as at March 31, 2025) | Planned Use | Planned (HK$ million) | Used (HK$ million) | Unused (HK$ million) | | :--- | :--- | :--- | :--- | | Expansion and development of existing business | 7.2 | 7.2 | 0 | | Future investment opportunities | 5.5 | 0.5 | 5.0 | | General working capital | 1.1 | 1.1 | 0 | | **Total** | **13.8** | **8.8** | **5.0** | [Employee Information](index=12&type=section&id=Employee%20Information) As of March 31, 2025, the Group had 42 full-time employees in Hong Kong, with total staff costs for the year amounting to approximately HK$19.6 million Employee Data | Indicator | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | Number of Full-time Employees | 42 | 67 | | Total Staff Costs (HK$ million) | 19.6 | 23.3 | [Directors and Senior Management](index=12&type=section&id=Directors%20and%20Senior%20Management) This section details the backgrounds of the Board of Directors and senior management, led by co-founders Mr Tse Chun Yuen and Mr Tse Chun Kon, who have over 41 years of industry experience - **Executive Director Mr Tse Chun Yuen (Chairman)**: Aged 75, a co-founder of the Group, is responsible for overall strategic planning, business development, and corporate management with over 41 years of experience in the plastering industry[101](index=101&type=chunk)[102](index=102&type=chunk) - **Executive Director Mr Tse Chun Kon (CEO)**: Aged 73, a co-founder of the Group, is responsible for formulating corporate and business strategies and making major operational decisions with over 41 years of experience in the plastering industry[105](index=105&type=chunk)[110](index=110&type=chunk) - The team of Independent Non-executive Directors, comprising Mr Wong Yiu Kwong, Ms Chung Lai Ling, and Mr Tang Chi Wai, provides independent judgment and professional advice with extensive experience in business management, accounting, and auditing[113](index=113&type=chunk)[121](index=121&type=chunk)[123](index=123&type=chunk) [Corporate Governance Report](index=17&type=section&id=Corporate%20Governance%20Report) The company is committed to high standards of corporate governance and has complied with the Corporate Governance Code, with the Board overseeing all major matters assisted by three committees [Board Committees](index=28&type=section&id=Board%20Committees) The Board has established Remuneration, Nomination, and Audit Committees with clear terms of reference to ensure independent oversight of key corporate functions - **Remuneration Committee**: Chaired by INED Ms Chung Lai Ling, it advises the Board on the remuneration policies and structure for directors and senior management[224](index=224&type=chunk)[228](index=228&type=chunk) - **Nomination Committee**: Chaired by Chairman Mr Tse Chun Yuen, it reviews the Board's composition, assesses director independence, and makes recommendations on director appointments[231](index=231&type=chunk)[232](index=232&type=chunk) - **Audit Committee**: Chaired by INED Mr Tang Chi Wai, it reviews financial information, internal control and risk management systems, and communicates with external auditors[240](index=240&type=chunk)[242](index=242&type=chunk) [Risk Management and Internal Control](index=33&type=section&id=Risk%20Management%20and%20Internal%20Control) The Board holds overall responsibility for the Group's risk management and internal control systems, conducting an annual effectiveness review and engaging external consultants to ensure adequacy - The Board confirms its **full responsibility** for overseeing the company's internal control, financial control, and risk management systems, reviewing their effectiveness at least annually[263](index=263&type=chunk) - During the reporting period, the company engaged an **external independent consulting firm** to review the effectiveness of its risk management and internal control systems, with recommendations being implemented to enhance internal controls[267](index=267&type=chunk) - The company currently has **no internal audit function**, as the Audit Committee and the Board consider the existing internal control system effective, but the need for such a function is reviewed annually[272](index=272&type=chunk) [Environmental, Social and Governance Report](index=35&type=section&id=Environmental%2C%20Social%20and%20Governance%20Report) This report outlines the Group's ESG strategies and performance, covering environmental impact reduction, employee welfare, supply chain management, and anti-corruption measures [Environmental](index=38&type=section&id=Environmental) The Group is committed to minimizing its environmental impact through its HSEQ policy, resulting in a reduction in total greenhouse gas emissions and electricity consumption during the reporting period Greenhouse Gas Emissions (Scope 1 & 2) | GHG Emissions | FY2025 | FY2024 | | :--- | :--- | :--- | | Total Emissions (kg CO2e) | 29,874.79 | 33,853.31 | | Emission Intensity (kg CO2e/project) | 678.97 | 769.39 | Resource Consumption | Resource Use | FY2025 | FY2024 | | :--- | :--- | :--- | | Electricity Consumption (kWh) | 14,490 | 15,252 | | Total Water Consumption (m³) | 59 | 69 | - The Group has established standard control procedures for air, waste, noise, and water pollution to ensure compliance with relevant environmental regulations[312](index=312&type=chunk)[314](index=314&type=chunk)[316](index=316&type=chunk)[317](index=317&type=chunk) [Social](index=45&type=section&id=Social) The Group prioritizes employee rights and safety, manages its supply chain responsibly, maintains a strict anti-corruption policy, and engages in community support Employee Data (as at March 31) | Employee Data | 2025 | 2024 | | :--- | :--- | :--- | | Total Employees | 61 | 67 | | Employee Turnover Rate | 31% | 19% | Health and Safety | Health and Safety | FY2025 | FY2024 | | :--- | :--- | :--- | | Lost Days Due to Work Injury | 2,665 | 1,621 | | Number of Work Injury Cases | 7 | 4 | | Number of Work-related Fatalities | 0 | 0 | Training and Development | Training and Development | FY2025 | FY2024 | | :--- | :--- | :--- | | Percentage of Employees Trained | 41% | 30% | | Average Training Hours per Employee | 7.20 | 6.15 | - The Group maintains strict supply chain management with **29 approved suppliers and 869 approved subcontractors** as of March 31, 2025, all located in Hong Kong, prioritizing partners with environmental and social certifications[393](index=393&type=chunk)[394](index=394&type=chunk) - The Group has a clear **anti-corruption policy** and whistle-blowing system, with no cases of bribery, extortion, fraud, or money laundering identified during the reporting period[405](index=405&type=chunk)[412](index=412&type=chunk) [Directors' Report](index=53&type=section&id=Directors'%20Report) This report summarizes the company's principal activities and financial status for the year, highlighting a high customer concentration and confirming no final dividend will be paid - The Board **does not recommend the payment of a final dividend** for the year ended March 31, 2025[434](index=434&type=chunk) - The Group has a **high customer concentration**, with the largest customer accounting for **35.4%** of total revenue and the top five customers contributing **94.9%** in total[459](index=459&type=chunk) - Supplier and subcontractor concentration is low, with the largest supplier accounting for **3.4%** of total direct costs and the top five combined accounting for **11.5%**[460](index=460&type=chunk) - Controlling shareholders Mr Tse Chun Yuen and Mr Tse Chun Kon jointly hold **37.99%** of the company's shares through Land Noble Holdings Limited[501](index=501&type=chunk) [Independent Auditor's Report](index=65&type=section&id=Independent%20Auditor's%20Report) The independent auditor issued an unqualified opinion on the financial statements, confirming they give a true and fair view, while highlighting two key audit matters related to revenue recognition and impairment assessment - The auditor has issued an **unqualified opinion** on the Group's consolidated financial statements[541](index=541&type=chunk) - Key audit matters included: - **Revenue recognition from construction services**, due to significant judgment involved in estimating contract outcomes and progress - **Impairment of contract assets and trade receivables**, due to the material balance and management judgment required in the impairment test[547](index=547&type=chunk)[553](index=553&type=chunk) [Consolidated Financial Statements](index=71&type=section&id=Consolidated%20Financial%20Statements) This section presents the Group's detailed financial statements for the year ended March 31, 2025, including the income statement, balance sheet, and cash flow statement [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=71&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the year, the Group recorded revenue of HK$325.6 million and a gross profit of HK$2.5 million, with the loss for the year narrowing to HK$9.5 million Annual Performance | Item (HK$ thousand) | FY2025 | FY2024 | | :--- | :--- | :--- | | Revenue | 325,629 | 320,746 | | Gross Profit | 2,502 | 1,636 | | Loss before Tax | (9,604) | (11,975) | | Loss for the Year | (9,472) | (11,794) | | Total Comprehensive Expense for the Year | (9,542) | (11,794) | | Basic and Diluted Loss per Share (HK$) | (0.03) | (0.04) | [Consolidated Statement of Financial Position](index=72&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of March 31, 2025, the Group's total assets were HK$93.8 million and net assets were HK$77.6 million, indicating a sound financial position with good short-term solvency Financial Position | Item (HK$ thousand) | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Non-current Assets | 1,626 | 2,180 | | Current Assets | 92,212 | 111,496 | | **Total Assets** | **93,838** | **113,676** | | **Liabilities and Equity** | | | | Current Liabilities | 15,633 | 26,497 | | Non-current Liabilities | 608 | 40 | | **Total Liabilities** | **16,241** | **26,537** | | **Net Assets** | **77,597** | **87,139** | | **Total Equity** | **77,597** | **87,139** | [Consolidated Statement of Changes in Equity](index=73&type=section&id=Consolidated%20Statement%20of%20Changes%20in%20Equity) Total equity attributable to owners decreased by HK$9.5 million to HK$77.6 million, primarily due to the total comprehensive expense recorded during the year Equity Movement | Item (HK$ thousand) | Amount | | :--- | :--- | | At April 1, 2024 | 87,139 | | Loss for the year | (9,472) | | Other comprehensive expense | (70) | | **At March 31, 2025** | **77,597** | [Consolidated Statement of Cash Flows](index=74&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) The Group experienced a net cash outflow from operating activities of HK$16.3 million, resulting in a year-end cash and cash equivalents balance of HK$13.0 million Cash Flow Summary | Item (HK$ thousand) | FY2025 | FY2024 | | :--- | :--- | :--- | | Net Cash Used in Operating Activities | (16,339) | (18,979) | | Net Cash from/(Used in) Investing Activities | 123 | (975) | | Net Cash (Used in)/from Financing Activities | (488) | 7,596 | | **Net Decrease in Cash and Cash Equivalents** | **(16,704)** | **(12,358)** | | Cash and Cash Equivalents at Beginning of Year | 29,669 | 42,027 | | **Cash and Cash Equivalents at End of Year** | **12,965** | **29,669** | [Notes to the Consolidated Financial Statements](index=75&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements) This section provides detailed explanations and supplementary information for the financial statements, including accounting policies, estimates, and breakdowns of key items [Financial Summary](index=128&type=section&id=Financial%20Summary) This section presents a five-year summary of the Group's key financial data, showing trends in revenue, profitability, assets, and liabilities from FY2021 to FY2025 Five-Year Financial Summary | Item (HK$ thousand) | 2025 | 2024 | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | :--- | :--- | | **Results** | | | | | | | Revenue | 325,629 | 320,746 | 237,211 | 275,626 | 326,662 | | Gross Profit | 2,502 | 1,636 | 1,535 | (23,886) | 3,687 | | Loss before Income Tax | (9,604) | (11,975) | (11,697) | (36,203) | (8,112) | | **Assets and Liabilities** | | | | | | | Total Assets | 93,838 | 113,676 | 117,095 | 110,320 | 129,280 | | Total Liabilities | (16,241) | (26,537) | (26,182) | (18,064) | (14,385) | | Total Equity Attributable to Owners | 77,597 | 87,139 | 90,913 | 92,256 | 114,895 |

截至二零二五年三月三十一日止年度之 年度業績公佈 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部 或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 NOBLE ENGINEERING GROUP HOLDINGS LIMITED 怡康泰工程集團控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8445） 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。 本公佈乃遵照聯交所GEM證 券 上 市 規 則（「GEM上市規則」）而 刊 載，旨 在 提 供 有 關怡康泰工程集團控股有限公司（「本公司」，連同其附屬公司稱「本集團」）的資料， 本 公 司 董 事（「董 事」）對 此 共 同 及 個 別 承 擔 全 部 責 任。董 事 於 作 出 一 切 合 理 查 詢 後 確 認 就 其 所 知 及 所 信，本 公 佈 所 載 資 料 在 各 重 要 方 面 均 屬 準 確 完 備，沒 有 誤 ...

Financial Performance - Revenue for the six months ended September 30, 2024, was HK$203,573,000, an increase from HK$154,643,000 in the same period of 2023, representing a growth of 31.6%[15] - Gross profit for the period was HK$860,000, down from HK$1,126,000 in 2023, indicating a decline of 23.6%[15] - Loss before income tax improved to HK$3,533,000 compared to a loss of HK$4,136,000 in the previous year, reflecting a reduction of 14.6%[15] - Total comprehensive loss attributable to owners of the Company was HK$3,546,000, compared to HK$4,190,000 in 2023, showing a decrease of 15.4%[15] - Basic and diluted loss per share was HK$0.013, an improvement from HK$0.016 in the same period last year[15] - The company reported a net loss of HK$3,546,000 for the six months ended September 30, 2024, compared to a loss of HK$4,190,000 for the same period in 2023, indicating an improvement of 15.4%[20] - The Group recorded a loss attributed to owners of approximately HK$3.5 million for the six months ended September 30, 2024, compared to a loss of approximately HK$4.2 million for the same period in 2023[78][83] Income and Expenses - Other income increased slightly to HK$68,000 from HK$63,000 in 2023, marking an increase of 7.9%[15] - Administrative and other operating expenses decreased to HK$4,452,000 from HK$5,317,000, a reduction of 16.3%[15] - Finance costs remained stable at HK$9,000 compared to HK$8,000 in the previous year[15] - Cash used in operating activities was HK$12,804,000, an increase of 53.5% from HK$8,328,000 in the previous year[21] - The gross profit for the same period was approximately HK$0.9 million, a decrease of approximately 23.6% from HK$1.1 million in the previous year, resulting in a gross profit margin of 0.4% compared to 0.7%[73][74] - Other income increased by approximately HK$5,000 from HK$63,000 for the six months ended September 30, 2023, to approximately HK$68,000 for the same period in 2024, mainly due to increased bank interest income[75] - Administrative and other operating expenses decreased by approximately HK$0.9 million or 16.3% from HK$5.3 million to approximately HK$4.5 million, primarily due to reduced staff costs[75] - Finance costs increased by 12.5% to approximately HK$9,000 for the six months ended September 30, 2024, from approximately HK$8,000 in the previous year, mainly due to increased lease interests[77][82] Assets and Liabilities - As of September 30, 2024, total assets amounted to HK$105,136,000, a decrease of 5.5% from HK$111,496,000 as of March 31, 2024[19] - Net current assets were HK$81,715,000, down from HK$84,999,000, reflecting a decline of 3.5%[19] - The company’s total equity decreased to HK$83,593,000 from HK$87,139,000, a decline of 4.5%[19] - Non-current liabilities increased significantly to HK$70,000, compared to HK$40,000 as of March 31, 2024, marking a 75% rise[19] - Trade receivables, net of provision for loss allowance, increased to HK$32.8 million as at 30 September 2024, up from HK$17.1 million as at 31 March 2024[54] - Trade payables decreased to HK$20.97 million as at 30 September 2024, down from HK$23.17 million as at 31 March 2024[59] - The Group's provision for loss allowance for trade receivables remained stable at HK$675,000 as at 30 September 2024, unchanged from 31 March 2024[58] Operational Strategy - The Company continues to focus on improving operational efficiency and reducing costs in response to market conditions[15] - The Group intends to implement a more prudent approach in project selection, focusing on well-established contractors to ensure steady projects and sound receivables[64] - The Group plans to expand its geographical coverage beyond the Hong Kong market to enhance future development and strengthen revenue bases[68] - The Group aims to improve its operating efficiency and profitability by expanding its fleet of machinery and equipment[67] - The increase in revenue was primarily attributed to a higher number of contracts awarded during the period[69] - The Group is actively seeking opportunities to expand its customer base and market share, particularly in the Hong Kong market and beyond, to enhance future development and revenue base[70] - The Group anticipates that business diversification will provide greater returns for shareholders in the future[70] Shareholder Information - No dividends were paid or proposed for ordinary shareholders during the six months ended September 30, 2024, consistent with the same period in 2023[50] - The company has maintained its share capital at HK$13,819,000, with no changes reported[20] - As of September 30, 2024, the total issued share capital of the Company was HK$13,819,000, unchanged from March 31, 2024, with 276,380,000 ordinary shares[80][85] - Land Noble Holdings Limited holds 105,000,000 shares in the Company, representing 37.99% of the total shareholding[129] - Mr. Wang Wei and Mr. Sun Yiyun each hold 20,940,000 shares, accounting for 7.57% of the total shareholding[129] - Mr. Tse Man Loong holds 14,200,000 shares, which is 5.13% of the total shareholding[129] - Ms. Or So Lan and Ms. Yapp Ngi Yang, as spouses of Mr. Tse Chun Yuen and Mr. Tse Chun Kuen respectively, are deemed to have an interest in the shares held by their spouses[130] - No other Directors or chief executives had any interests or short positions in shares or debentures of the Company as of September 30, 2024[125] Compliance and Governance - The financial statements are prepared in accordance with Hong Kong Accounting Standard 34, ensuring compliance with applicable disclosure requirements[25] - The Company maintains compliance with the Securities and Futures Ordinance regarding the disclosure of interests[131] - All Directors confirmed compliance with the Required Standard of Dealing during the six months ended 30 September 2024, with no non-compliance events reported[134] - No business competition or conflict of interests was reported among Directors or controlling shareholders during the six months ended 30 September 2024[135] - The Company has adopted the Corporate Governance Code since the Listing Date and has complied with it during the six months ended 30 September 2024[138] - The Audit Committee reviewed the unaudited condensed consolidated results for the six months ended 30 September 2024 and confirmed compliance with applicable accounting standards and GEM Listing Rules[140] Cash and Capital Management - Cash and cash equivalents at the end of the period were HK$16,703,000, down from HK$40,654,000, representing a decrease of 58.8%[21] - The Group had cash and cash equivalents of approximately HK$16.7 million as of 30 September 2024, down from HK$29.7 million as of 31 March 2024[96] - The gearing ratio for the Group as of 30 September 2024 was nil, indicating no bank borrowings[96] - Total capital expenditure for the six months ended 30 September 2024 was nil, consistent with the previous period[101] - The Group's primary uses of cash and cash equivalents have been operating costs and capital expenditure, which are expected to continue[96] - The Directors will maintain a prudent policy in managing the Group's bank balances to ensure strong liquidity for future growth opportunities[96] Market and Product Development - The Company has not disclosed any new products or technologies in this report[127] - There are no updates on market expansion or acquisitions mentioned in the report[127] - The report does not provide any future outlook or performance guidance[127] - The Group's operations are solely based in Hong Kong, with no segment information presented[38] - No provision for Hong Kong profits tax was made as the Group did not have estimated assessable profits for the six months ended September 30, 2024, and 2023[45]

Financial Performance - For the six months ended September 30, 2024, the group reported revenue of HKD 203,573 thousand, an increase from HKD 154,643 thousand in the same period of 2023, representing a growth of 31.6%[4] - The gross profit for the six months ended September 30, 2024, was HKD 860 thousand, down from HKD 1,126 thousand in the previous year, indicating a decline of 23.6%[4] - The net loss attributable to equity holders for the six months ended September 30, 2024, was HKD 3,546 thousand, compared to a loss of HKD 4,190 thousand in the same period of 2023, reflecting an improvement of 15.4%[4] - The basic and diluted loss per share for the six months ended September 30, 2024, was HKD 0.013, an improvement from HKD 0.016 in the same period of 2023[4] - Revenue for the six months ended September 30, 2024, was HKD 203,573,000, a 31.6% increase from HKD 154,643,000 in the same period of 2023[27] - The company reported a loss attributable to owners of HKD 3,546,000 for the six months ended September 30, 2024, compared to a loss of HKD 4,190,000 in the same period of 2023[36] - Basic and diluted loss per share improved to HKD (0.013) from HKD (0.016) year-on-year[36] - The group incurred a net loss of approximately HKD 3.5 million for the six months ending September 30, 2024, compared to a loss of approximately HKD 4.2 million for the same period in 2023[60] Cash Flow and Liquidity - Cash and cash equivalents decreased to HKD 16,703 thousand as of September 30, 2024, down from HKD 40,654 thousand at the end of the previous year, a decline of 58.8%[20] - The group reported cash outflows from operating activities of HKD 12,804 thousand for the six months ended September 30, 2024, compared to HKD 8,328 thousand in the same period of 2023, indicating a worsening cash flow situation[20] - As of September 30, 2024, the net proceeds from the rights issue amounted to approximately HKD 8.8 million, with HKD 5.0 million remaining unutilized[66] - The group had cash and cash equivalents of approximately HKD 16.7 million as of September 30, 2024, down from HKD 29.7 million as of March 31, 2024[67] - The group has maintained a prudent treasury policy to manage bank balances and ensure liquidity for future growth opportunities[71] Assets and Liabilities - The total assets less current liabilities as of September 30, 2024, were HKD 83,663 thousand, compared to HKD 87,179 thousand as of March 31, 2024, a decrease of 4.8%[10] - The group’s total equity as of September 30, 2024, was HKD 83,593 thousand, down from HKD 87,139 thousand as of March 31, 2024, a decrease of 4.0%[12] - Trade receivables, net of loss allowances, increased to HKD 32,827,000 as of September 30, 2024, compared to HKD 17,108,000 as of March 31, 2024[42] - Trade payables totaled HKD 20,971,000 as of September 30, 2024, down from HKD 23,173,000 as of March 31, 2024[44] - The group’s contract assets as of September 30, 2024, were HKD 45,808 thousand, down from HKD 53,868 thousand as of March 31, 2024, a decline of 15.0%[7] Expenses - The group’s administrative and other operating expenses for the six months ended September 30, 2024, were HKD 4,452 thousand, reduced from HKD 5,317 thousand in the same period of 2023, showing a decrease of 16.3%[4] - Total capital expenditure for the six months ended September 30, 2024, was zero, unchanged from the same period in 2023[76] - The total employee cost for the six months ended September 30, 2024, was approximately HKD 10.2 million, compared to HKD 11.0 million for the same period in 2023[81] Corporate Governance and Compliance - The audit committee, composed of three independent non-executive directors, has reviewed the unaudited consolidated financial results for the six months ending September 30, 2024, and confirmed compliance with applicable accounting standards[98] - The company has adopted corporate governance practices in line with GEM listing rules, ensuring accountability and value creation for shareholders[97] - The company has confirmed that there are no conflicts of interest or competitive activities involving directors or major shareholders during the reporting period[93] - There have been no reported compliance issues regarding securities trading by directors during the six months ending September 30, 2024[92] Future Outlook and Strategy - The company plans to implement more cautious measures in project selection to ensure stable projects and healthy receivables[50] - The group aims to enhance operational efficiency and profitability while expanding its machinery and equipment to improve technical capabilities for future projects[51] - The company is exploring opportunities to expand its main business beyond the Hong Kong market to strengthen its revenue base[52] - The group plans to utilize the remaining unutilized proceeds from the rights issue by December 31, 2025[66] Shareholder Information - As of September 30, 2024, major shareholders hold significant stakes, with the largest shareholder owning 105,000,000 shares, representing 37.99% of the company[89] - The company did not declare or recommend any dividends for the six months ended September 30, 2024[37] - The board does not recommend the payment of an interim dividend for the six months ending September 30, 2024[61] Miscellaneous - The company has not engaged in any purchases, sales, or redemptions of its listed securities during the six months ending September 30, 2024[94] - The group has no significant contingent liabilities as of September 30, 2024[77] - The group has no significant foreign exchange risk as most transactions are denominated in HKD[74] - No options have been granted under the share option scheme since its adoption on September 14, 2017[96] - No new share options have been issued under the share option plan since its inception[96]