Financial Performance - For the six months ended September 30, 2025, the company reported total revenue of HKD 203,573,000, a significant increase from HKD 93,150,000 in the same period of 2024, representing a growth of approximately 118%[4] - The gross profit for the same period was HKD 860,000, compared to HKD 1,140,000 in 2024, indicating a decrease of about 24.6%[4] - The company incurred a loss before tax of HKD 3,533,000 for the six months ended September 30, 2025, compared to a loss of HKD 3,017,000 in the previous year, reflecting a deterioration in performance[4] - The net loss attributable to shareholders for the period was HKD 3,546,000, compared to HKD 3,001,000 in 2024, marking an increase in losses of approximately 18.2%[4] - Revenue for the six months ended September 30, 2025, was HKD 93,150,000, a decrease of 54.3% compared to HKD 203,573,000 for the same period in 2024[12] - For the six-month period ending September 30, 2025, the group recorded a net loss of approximately HKD 3.0 million, compared to a net loss of approximately HKD 3.5 million for the same period in 2024, indicating a slight improvement[29][37] - Revenue for the six-month period ending September 30, 2025, was approximately HKD 93.2 million, a decrease of about 54.2% compared to HKD 203.5 million for the same period in 2024, primarily due to project completions and competitive pricing pressures[32] - Gross profit for the six-month period ending September 30, 2025, was approximately HKD 1.1 million, an increase of about 22.2% from HKD 0.9 million for the same period in 2024, with a gross margin of approximately 1.2% compared to 0.4% in 2024[33] Cash Flow and Assets - The company's cash and cash equivalents decreased to HKD 11,814,000 as of September 30, 2025, down from HKD 12,965,000 at the end of March 2025, a decline of about 8.8%[7] - Total assets less current liabilities stood at HKD 75,372,000 as of September 30, 2025, compared to HKD 78,205,000 as of March 31, 2025, indicating a decrease of approximately 3.6%[5] - The company reported a net cash outflow from operating activities of HKD 1,055,000 for the six months ended September 30, 2025, compared to HKD 12,804,000 in the same period of 2024, showing an improvement in cash flow management[7] - The company's non-current assets totaled HKD 1,847,000 as of September 30, 2025, an increase from HKD 1,626,000 as of March 31, 2025, representing a growth of approximately 13.5%[5] - Trade receivables as of September 30, 2025, amounted to HKD 14,615,000, a decrease from HKD 17,656,000 as of March 31, 2025[22] - Trade payables as of September 30, 2025, totaled HKD 17,195,000, an increase from HKD 13,160,000 as of March 31, 2025[24] Shareholder and Equity Information - The company’s equity attributable to shareholders decreased to HKD 74,596,000 as of September 30, 2025, down from HKD 77,597,000 at the end of March 2025, a decline of about 3.9%[6] - Major shareholders include Gao Di with 105,000,000 shares, representing 37.99% of the company[61] - Wang Wei and Sun Yiyun each hold 20,940,000 shares, accounting for 7.57% of the company[61] - Che Wenlong holds 14,200,000 shares, which is 5.13% of the company[61] Operational Highlights - The company continues to focus on providing masonry engineering services, with no new product launches or significant market expansion strategies disclosed in the report[8] - The group plans to implement more cautious project selection and will choose established contractors and reputable business partners to ensure project stability and healthy receivables[29] - The group aims to enhance operational efficiency and profitability while expanding its machinery and equipment to improve technical capabilities for future project bids[30] - The group is exploring opportunities to expand its core business beyond the Hong Kong market to strengthen its revenue base and diversify its operations[31] Corporate Governance and Compliance - The audit committee consists of three independent non-executive directors and has reviewed the unaudited financial results for the six months ending September 30, 2025[69] - The company has complied with corporate governance codes since its listing date[68] - No conflicts of interest or competition with the group's business were reported among directors or major shareholders[64] - The company has confirmed compliance with the GEM listing rules regarding securities trading by directors[63] Employee and Cost Management - Total employee costs for the six months ended September 30, 2025, amounted to approximately HKD 8.1 million, a decrease from HKD 10.2 million for the same period in 2024[55] - The group employed 43 full-time employees in Hong Kong as of September 30, 2025, down from 51 employees in the previous year[55] - Administrative and other operating expenses decreased by approximately HKD 0.3 million or 6.7% to approximately HKD 4.2 million for the six-month period ending September 30, 2025, primarily due to reduced employee costs[35] Financing and Investments - The company entered into a new lease agreement for a warehouse with a total recognized right-of-use asset and lease liability of approximately HKD 564,000[21] - The company has not made any acquisitions or significant investments in property, plant, and equipment during the six months ended September 30, 2025[21] - The group had no significant investments, acquisitions, or disposals of subsidiaries, associates, or joint ventures as of September 30, 2025[47] - There were no capital expenditures reported for the six months ended September 30, 2025, remaining at zero as in the previous period[51] - The group has no significant contingent liabilities as of September 30, 2025[52] - The group has no significant capital commitments as of September 30, 2025[53] Market and Risk Management - The group continues to manage its bank balances and maintain healthy liquidity to seize future growth opportunities[46] - The group has no major foreign exchange risk as most transactions are denominated in HKD[49] - The company has not purchased, sold, or redeemed any of its listed securities in the past six months[65] - The company has adopted a share option scheme since September 14, 2017, with 12,000,000 options available as of both March 31, 2025, and September 30, 2025, representing approximately 4.34% of issued shares[67] Dividend and Financial Reporting - The company did not declare or recommend any dividend for the six months ended September 30, 2025[20] - The mid-term results announcement and report are available on the Hong Kong Stock Exchange and the company's website[70]

董事會會議通告 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通告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本通告全部 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 （於開曼群島註冊成立之有限公司） （股份代號：8445） 謝振源 香港，2025年11月13日 於本通告日期，執行董事為謝振源先生及謝振乾先生；非執行董事為黨鴻英女士； 及獨立非執行董事為黃耀光先生、鍾麗玲女士及鄧智偉先生。 本通告的資料乃遵照香港聯合交易所有限公司GEM證 券 上 市 規 則 而 刊 載，旨 在 提 供 有 關 本 公 司 的 資 料；董 事 願 就 本 公 佈 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 其 所 知 及 所 信，本 通 告 所 載 資 料 在 各 重 要方面均屬準確完備，沒有誤導或欺詐成分，且並無遺漏任何其他事項，足以令 致本通告或其所載任何陳述產生誤導。 本通告 ...

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 ...