Financial Performance - The company's revenue for the year ended March 31, 2025, was HKD 418,769,000, a decrease of 2.9% compared to HKD 428,077,000 in 2024[5] - Gross profit for the same period was HKD 19,760,000, down 21.5% from HKD 25,192,000 in 2024[5] - The operating loss increased to HKD 4,137,000 from a loss of HKD 1,519,000 in the previous year[5] - The net loss attributable to the owners of the company was HKD 3,976,000, compared to a loss of HKD 1,369,000 in 2024[6] - The basic and diluted loss per share for the year was HKD 1.99, compared to HKD 0.69 in 2024[6] - The total revenue for the fiscal year ending March 31, 2025, was HKD 418,769,000, a decrease of 2.4% from HKD 428,077,000 in 2024[19] - Revenue from the core business of bare-shell decoration was HKD 357,099,000, down from HKD 375,240,000 in the previous year, representing a decline of 4.5%[19] - Revenue from design services increased significantly to HKD 12,295,000, up from HKD 5,201,000, marking an increase of 135.5%[19] - Revenue from maintenance and other services rose to HKD 1,929,000, compared to HKD 973,000, reflecting a growth of 98.5%[19] - The gross profit decreased by 21.6% to HKD 19.8 million for the year ending March 31, 2025, compared to HKD 25.2 million for the previous year[43] - The loss attributable to the company's owners for the year ending March 31, 2025, was HKD 4.0 million, compared to a loss of HKD 1.4 million for the previous year[49] Assets and Liabilities - Total assets as of March 31, 2025, amounted to HKD 281,788,000, an increase from HKD 266,360,000 in 2024[7] - Total liabilities increased to HKD 141,781,000 from HKD 122,376,000, indicating a rise of 15.9%[8] - The company's equity attributable to owners decreased to HKD 132,877,000 from HKD 136,925,000, a decline of 3.0%[8] - Cash and cash equivalents decreased to HKD 103,618,000 from HKD 139,638,000, a decline of 25.8%[7] - Trade receivables increased to HKD 74,958,000 in 2025 from HKD 53,606,000 in 2024, marking an increase of 39.8%[33] - The total trade and warranty receivables, net of impairment losses, amounted to HKD 73,794,000 in 2025, up from HKD 54,550,000 in 2024, an increase of 35.2%[33] - Trade payables rose to HKD 120,658,000 in 2025 from HKD 110,562,000 in 2024, reflecting a growth of 9.8%[36] Expenses and Costs - The total sales and administrative expenses for the year ended March 31, 2025, amounted to HKD 418,231,000, a decrease of 2.9% from HKD 429,536,000 in 2024[25] - Employee costs decreased to HKD 42,959,000 in 2025 from HKD 49,257,000 in 2024, representing a reduction of 13.1%[26] - The net financial income for 2025 was HKD 2,858,000, down from HKD 3,268,000 in 2024, reflecting a decline of 12.5%[25] - The sales cost for the year ending March 31, 2025, was HKD 399.0 million, a decrease of 1.0% from HKD 402.9 million the previous year[42] - The administrative expenses for the year were HKD 19.2 million, a decrease of 27.9% from HKD 26.7 million the previous year[45] Dividends and Shareholder Information - The company did not recommend any final dividend for the year ended March 31, 2025, consistent with the previous year[32] - The company has no plans to declare a final dividend for the year ending March 31, 2025, consistent with the previous year[83] - As of March 31, 2025, the company has a total of 112,500,000 shares owned by Mr. Wang Shicun, representing 56.25% of the issued ordinary shares[74] - Ms. Xu Manyi, as the spouse of Mr. Wang, is also deemed to own 112,500,000 shares, equivalent to 56.25% of the issued ordinary shares[76] - The major shareholder, Shiman Limited, holds 112,500,000 shares, accounting for 56.25% of the company's ordinary shares[78] Corporate Governance and Compliance - The company is committed to high standards of corporate governance, ensuring a balance of power and authority between the board and management[69] - The audit committee, consisting of three independent non-executive directors, has reviewed the accounting principles and financial statements for the year ending March 31, 2025[86] - The company has confirmed compliance with the trading standards as per GEM Listing Rules throughout the financial year[73] - No interests or conflicts of interest were reported by directors or controlling shareholders in competing businesses during the year[82] - The company did not purchase, sell, or redeem any of its listed securities during the year[81] - No arrangements were made that would benefit directors or their close associates from acquiring shares or bonds of the company[80] Market Conditions and Future Outlook - The overall vacancy rate for office spaces in Hong Kong rose to 13.7% by the end of March 2025, with Kowloon East's vacancy rate increasing from 18.6% to 21.3%[71] - Central's vacancy rate slightly decreased from 11.6% to 11.5%, while the vacancy rates in Wan Chai/Causeway Bay and Tsim Sha Tsui improved to 9.5% and 8.3% respectively[71] - The overall rental rates in Hong Kong have recorded a decline for three consecutive months, with significant adjustments in traditional Grade A office rents in Central[72] - The group aims to enhance service quality and adapt flexibly to market changes to capture a larger market share[72] - The group plans to strengthen cost control and optimize subcontractor portfolios to improve profitability while providing higher quality decoration solutions[72] - The company continues to focus on providing interior decoration solutions primarily in Hong Kong and China, with a single operating segment approach[20] Other Information - The company has not held any treasury shares as of March 31, 2025[81] - The 2025 annual report will be sent to shareholders and published on the company's website at an appropriate time[87] - The announcement will be published on the Hong Kong Stock Exchange website for at least 7 days from the date of publication[89]

Financial Performance - For the first half of 2024, the Group's revenue decreased by 47.2% year-on-year to HK$146 million[26] - The Group recorded a slight loss of HK$606,000 during the same period[26] - Revenue for the six months ended September 30, 2024, decreased by 47.2% to HK$146.1 million compared to HK$276.6 million in the same period of 2023[38] - Gross profit fell by 65.9% to HK$6.6 million, with a gross profit margin of 4.5%, down from 7.0% in the previous year[38] - The company recorded a loss attributable to owners of HK$2.2 million, compared to a profit of HK$6.9 million in the same period last year[38] - Total comprehensive loss for the period amounted to HK$376,000, compared to a total comprehensive income of HK$8.7 million in the same period last year[40] - The company reported a loss attributable to owners of the Company of HK$2,235,000 for the six months ended September 30, 2024, compared to a profit of HK$6,880,000 in the same period of 2023, representing a significant decline[42] - Basic and diluted loss per share for the period was HK$1.12, compared to earnings of HK$3.48 per share in the previous year[38] - The Group recorded a revenue of approximately HK$146.1 million for the six months ended 30 September 2024, a decrease of approximately 47.2% compared to HK$276.6 million for the same period in 2023[154] - The gross profit for the Current Period was approximately HK$6.6 million, representing a decrease of approximately 65.9% from approximately HK$19.5 million in the Previous Period[154] - The loss attributable to owners of the Company was approximately HK$2.2 million for the Current Period, compared to a profit of approximately HK$6.9 million for the Previous Period[155] Market Conditions - The vacancy rate in the Hong Kong office market reached a record high of 14.8% in Q2 2024, surpassing levels during the SARS downturn in 2003 and the global financial crisis in 2009[25] - In Central, the vacancy rate increased sharply from approximately 9.7% to approximately 14% in the first half of 2024, marking a new high since June 2004[25] - The vacancy rate of high-quality office buildings in Shenzhen was reported at 27% as of June 2024[25] - The occupancy rate of Grade A offices in Hong Kong is expected to rebound as the U.S. enters a period of interest rate cuts and capital returns to the market[31] - The long-term outlook for the fit-out market is positive, driven by large-scale development projects and increased interest from mainland companies to establish a presence in Hong Kong[33] - The demand for renovation services is expected to increase as more businesses relocate to newer and larger Grade A commercial properties[163] Business Strategy - The Group is actively expanding its business beyond Grade A commercial properties to include retail branches and government-related organizations[26] - The company aims to expand its business beyond Grade A offices by targeting new clients from retail stores, government agencies, and non-profit organizations[29] - The Group aims to provide more diversified and higher quality one-stop fit-out solutions while controlling costs as market confidence gradually recovers[163] - The Group has been awarded a total of 20 new bare shell fit-out projects with a total project sum of approximately HK$214.2 million since April 1, 2024[175] Financial Position - Total assets decreased to HK$247,604,000 as of September 30, 2024, from HK$266,360,000 as of March 31, 2024, indicating a reduction of approximately 7%[44] - Current assets fell to HK$219,114,000 from HK$236,593,000, reflecting a decrease of about 7.4%[44] - Total liabilities decreased to HK$103,996,000 from HK$122,376,000, a reduction of approximately 15%[46] - The company’s retained earnings decreased to HK$75,666,000 from HK$77,836,000, a decline of approximately 2.8%[44] - The total equity of the company as of September 30, 2024, was HK$143,608,000, a slight decrease from HK$150,889,000 as of September 30, 2023[48] - As of September 30, 2024, the Group had net current assets of approximately HK$116.0 million, unchanged from March 31, 2024[199] - The current ratio was approximately 2.1 times as of September 30, 2024, compared to 2.0 times on March 31, 2024[199] - The gearing ratio decreased to 2.0% as of September 30, 2024, from 2.9% on March 31, 2024[199] Cash Flow and Expenses - For the six months ended September 30, 2024, the company reported a net cash outflow from operating activities of HK$12,817,000, compared to an inflow of HK$23,391,000 in the same period last year[50] - The company experienced a significant decrease in cash generated from operations, which was a negative HK$14,608,000 compared to a positive HK$21,755,000 in the previous year[50] - The Group's administrative expenses for the period were HK$10,857,000, a decrease of 0.4% from HK$10,897,000[78] - The Group's staff costs for the Current Period were approximately HK$14.7 million, a decrease from approximately HK$15.3 million for the Previous Period[196] - Finance costs increased to approximately HK$75,000 for the Current Period, representing an increase of approximately 114.3% compared to approximately HK$35,000 for the Previous Period[185] Accounting and Compliance - The unaudited condensed consolidated financial information for the six months ended September 30, 2024, has been prepared on a historical cost basis, except for certain financial instruments measured at fair value[60] - The Group's significant accounting policies for the six months ended September 30, 2024, are consistent with those used in the preparation of the consolidated financial statements for the year ended March 31, 2024[63] - The Group has not applied any new and revised HKFRSs that are not yet effective for the current period[68] - A change in accounting policy regarding the offsetting arrangement in the long service payment scheme in Hong Kong will take effect from May 1, 2025, impacting the calculation of long service payment obligations[64] - The change in accounting policy has resulted in a catch-up adjustment for past service costs and an increase in the Group's long service payment obligations as of April 1, 2022[73] Customer and Revenue Breakdown - Revenue from Hong Kong was HK$139,920,000, down 47.5% from HK$266,220,000 in 2023, while revenue from the PRC was HK$6,207,000, down 40.0% from HK$10,367,000[99] - Major customers contributing over 10% of total revenue included Customer A with HK$41,200,000, Customer B with HK$20,659,000, and Customer C with HK$15,839,000[101] - The Group's revenue from maintenance and other services was HK$553,000, an increase of 118% from HK$253,000 in the previous year[94] - The Group's revenue from restacking services was HK$5,585,000, down 73% from HK$20,935,000 in the previous year[94]

SANBASE CORPORATION LIMITED 莊 皇 集 團 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8501） 截至2024年9月30日止6個月之中期業績公告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在主板 上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險， 並應經過審慎周詳的考慮後方可作出投資決定。 由於GEM 上市公司普遍為中小型公司，在GEM 買賣的證券可能會較於主板買賣 之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量 的市場。 香港交易及結算所有限公司及聯交所對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本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之任何損失承擔任何責任。 本公告乃遵照聯交所GEM 證券上市規則（「GEM 上市規則」）而刊載，旨在提供有 關莊皇集團公司（「本公司」）的資料，本公司的董事（「董事」）願就此共同及個別 地承擔全部責任。各董事在作出一切合理查詢後，確認就彼等所知及所信，本公告 所載 ...

Financial Performance - The Group's revenue decreased by 17.3% year-on-year to HK$428 million for the year ended 31 March 2024[24]. - The Group's revenue for the year ended March 31, 2024, decreased by 17.3% to HKD 428.1 million from HKD 517.6 million in the previous year[33]. - Gross profit for the same period fell by 24.0% to HKD 25.2 million, down from HKD 33.2 million[33]. - The gross profit margin decreased to 5.9% from 6.4%, representing a decline of 0.5 percentage points[33]. - Loss attributable to owners of the Company was HKD 1.4 million, compared to a profit of HKD 0.8 million in the previous year[38]. - The decrease in revenue was primarily attributed to a decline in the restacking business segment[43]. - For the year ended 31 March 2024, the total revenue was HKD428.1 million, a decrease from HKD517.6 million in the previous year, representing a decline of 17.3%[46][48]. - Revenue from bare shell fit-out projects was HKD375.2 million, contributing 87.7% of total revenue, and increased by 8.5% compared to HKD346.0 million in the previous year[46][48]. - The overall direct margin for the year was HKD60.4 million, a decrease of 9.7% from HKD66.9 million, with a direct margin ratio of 14.1%, up 1.2 percentage points from 12.9%[53][54]. - Other income significantly dropped to HKD5,000, a decrease of 99.7% from HKD1.7 million in the previous year due to the absence of government subsidies[56][63]. - Net profit for the year was HKD0.7 million, a decline from HKD2.6 million in the previous year, with a loss attributable to owners of HKD1.4 million compared to a profit of HKD0.8 million last year[60][61]. Market Conditions - Hong Kong's overall Grade A commercial property vacancy rate was 12.2% in Q1 2024, an increase of 0.7 percentage points from Q4 2023[23]. - The high interest rate environment and unstable geopolitical situation have slowed down corporate expansion, impacting demand for Grade A commercial properties[23]. - The vacancy rate for Grade A commercial buildings in Hong Kong reached 12.2% in Q1 2024, an increase of 0.7 percentage points from Q4 2023[26]. - The Group remains confident in the Grade A commercial property fit-out industry, anticipating a recovery in demand as new commercial properties are completed in the next one to two years[29]. - The Hong Kong Grade A office market is expected to stabilize, driven by competitive rental levels and government measures promoting new industries[94]. Business Strategy - The Group continued to acquire additional projects despite the challenging market conditions, partially offsetting the negative macroeconomic impact[24]. - The Group is focusing on improving its subcontractor portfolio to secure higher profit margins while ensuring construction quality[25]. - The Group is diversifying its business by developing decoration projects outside Grade A commercial buildings, including services for schools and NGOs[25]. - The Group plans to strengthen cost control and improve its sub-contractor portfolio to lay a solid foundation for future profitability[95]. - The Group has a focus on expanding its business operations and enhancing its market presence through strategic initiatives[121]. Financial Position - The current ratio improved to 2.0 times as at 31 March 2024, up from 1.6 times in the previous year, indicating better liquidity[72]. - The gearing ratio increased to 2.9% as at 31 March 2024, compared to 1.4% in the previous year, reflecting a slight increase in financial leverage[72]. - As of March 31, 2024, the group's net current assets amounted to HKD 116.0 million, a slight decrease from HKD 116.8 million as of March 31, 2023[78]. - The group's cash and cash equivalents were HKD 139.6 million as of March 31, 2024, compared to HKD 109.7 million as of March 31, 2023[78]. - The debt-to-equity ratio was 2.9% as of March 31, 2024, compared to 1.4% as of March 31, 2023[78]. Employee and Management Information - The total staff cost for the year ended March 31, 2024, was approximately HKD 49.3 million, slightly down from HKD 49.4 million in the previous year[87]. - The group had a total of 67 employees as of March 31, 2024, down from 75 employees as of March 31, 2023[87]. - The Group focuses on providing competitive remuneration packages to employees to recognize their contributions[137][141]. - Ms. Hui has been an executive director since January 4, 2018, responsible for daily operations and business development[102]. - Mr. Wong has served as the Chairman and CEO since January 4, 2018, overseeing strategic planning and major decisions[105]. - Mr. Cheung has over 20 years of experience in financial management and has been an independent non-executive director since January 21, 2020[109]. - Mr. Siu, appointed on November 9, 2023, has over 15 years of experience in valuation consulting and investment management[116]. - The Group's directors have diverse backgrounds in finance, management, and industry experience, contributing to its strategic direction[121]. Compliance and Governance - The Company is committed to maintaining transparency and compliance with the Securities and Futures Ordinance regarding directors' interests[104]. - The Company has complied with relevant laws and regulations, including the Companies Act and GEM Listing Rules[139][142]. - The Group's consolidated financial statements for the year ended March 31, 2024, have been audited and presented[121]. - The Directors proposed for re-election at the AGM do not have service contracts that are not determinable within one year without compensation[171]. - The interests and short positions of directors and chief executives in the shares and debentures of the company are recorded in compliance with the SFO[185]. Shareholder Information - The principal goal of the Group is to maximize returns to shareholders while ensuring sustainable profit growth[138]. - The Group is committed to a proactive, stable, and sustainable dividend policy, subject to shareholder approval[145]. - The Board does not recommend the payment of a final dividend for the year ended 31 March 2024, consistent with the previous year where no dividend was declared[150]. - As of 31 March 2024, the distributable reserves of the Company amounted to HKD 66.4 million, a decrease from HKD 69.3 million in 2023[154]. - The company adopted a Share Option Scheme on December 8, 2017, aimed at attracting and retaining employees and directors[199].

Financial Performance - The company's revenue for the year ended March 31, 2024, was HKD 428,077,000, a decrease of 17.3% compared to HKD 517,599,000 for the previous year[4] - Gross profit for the same period was HKD 25,192,000, down 24.0% from HKD 33,165,000 in the prior year[4] - The company reported a net profit of HKD 719,000 for the year, a decline of 72.1% from HKD 2,581,000 in the previous year[4] - Revenue decreased by 17.3% to HKD 428.1 million for the year ended March 31, 2024, down from HKD 517.6 million in the previous year, primarily due to a reduction in renovation income[45][46] - Gross profit fell by 24.0% to HKD 25.2 million for the year ended March 31, 2024, compared to HKD 33.2 million in the previous year[45] - The company reported a loss attributable to owners of HKD 1,369,000 for the year ended March 31, 2024, compared to a profit of HKD 751,000 for the previous year, representing a significant decline[36] - Net profit for the year ended March 31, 2024, was HKD 0.7 million, down from HKD 2.6 million in the previous year[57] - The company reported a loss attributable to owners of HKD 1.4 million for the year, compared to a profit of HKD 0.8 million in the previous year[58] Assets and Liabilities - Total assets decreased to HKD 266,360,000 from HKD 334,481,000, reflecting a reduction of 20.3%[7] - The company’s total liabilities decreased to HKD 122,376,000, a reduction of 35.7% from HKD 190,328,000[8] - The company’s equity attributable to owners was HKD 136,925,000, slightly down from HKD 137,184,000[7] - Trade and warranty receivables dropped significantly to HKD 54,550,000, down 38.2% from HKD 88,250,000[7] - Trade receivables decreased to HKD 53.6 million in 2024 from HKD 86.8 million in 2023, reflecting a reduction in business activity[39] - The company’s trade payables decreased to HKD 110.6 million in 2024 from HKD 181.8 million in 2023, indicating improved cash flow management[42] Cash Flow and Financial Position - The company's cash and cash equivalents increased to HKD 139,638,000, up 27.3% from HKD 109,702,000 in the previous year[7] - The current ratio as of March 31, 2024, was 2.0, an increase from 1.6 in the previous year, indicating improved liquidity[61] - The total liabilities to equity ratio as of March 31, 2024, was 2.9%, up from 1.4% in the previous year, reflecting a change in the company's capital structure[61] Earnings and Share Performance - The basic and diluted earnings per share for the year were HKD (0.69), compared to HKD 0.38 in the previous year[5] - Basic earnings per share for the year ended March 31, 2024, was HKD 0.38, down 28.3% from HKD 0.53 in 2023[20] - The company reported no diluted earnings per share due to the absence of unexercised share options, with basic loss per share at HKD 0.69 for 2024 compared to earnings of HKD 0.38 for 2023[37] Dividends and Shareholder Information - The company did not recommend a final dividend for the year ended March 31, 2024, consistent with the previous year[38] - The company did not recommend any final dividend for the year ended March 31, 2024, consistent with the previous year[59] - As of March 31, 2024, Mr. Wang Shichun and Ms. Xu Manyi each hold 112,500,000 shares, representing 56.25% of the issued ordinary shares[88] - The major shareholder, Shiman Limited, holds 112,500,000 shares, accounting for 56.25% of the company's ordinary shares[93] Operational Focus and Strategy - The company plans to focus on new product development and market expansion strategies in the upcoming fiscal year[4] - The revenue contribution from fit-out projects increased to 87.7% of total revenue in 2024, up from 66.8% in 2023, highlighting a shift in business focus[48] - The company secured 37 new fit-out projects totaling HKD 268.8 million from April 1, 2023, to March 31, 2024[49] Administrative and Other Expenses - Employee costs for the year were HKD 49,257 thousand, slightly decreased from HKD 49,425 thousand in 2023[32] - The group’s administrative expenses for 2024 were HKD 26,651 thousand, down from HKD 28,775 thousand in 2023[30] - Administrative expenses decreased by 7.3% to HKD 26.7 million from HKD 28.8 million in the previous year, mainly due to a reduction in personnel costs and depreciation[54] Compliance and Governance - The company has complied with the GEM Listing Rules and corporate governance code throughout the reporting period, except for the separation of roles between the chairman and CEO[82] - The audit committee consists of three independent non-executive directors, ensuring compliance with GEM listing rules[102] - The company confirms that the information in the announcement is accurate and complete, with no misleading or fraudulent elements[105] Market Conditions - The overall demand for Grade A office space in Hong Kong remains weak due to economic uncertainties, with vacancy rates hovering at high levels[85] - Core business district rental levels continue to decline, leading to more flexible leasing options and incentives from landlords, which is expected to stabilize the leasing market gradually[85] - The Hong Kong government has introduced measures in the 2024-25 budget to promote sectors such as AI, health technology, and asset management, which is anticipated to attract more professional institutions to Grade A office spaces[85]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 SANBASE CORPORATION LIMITED 莊 皇 集 團 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8501） 有關截至2023年3月31日止年度之年度業績公告及年報 及截至2023年9月30日止六個月之中期業績公告及中期報告 的補充公告 有關截至2023年3月31日止年度之年度業績公告及年報的額外資料 茲提述於2023年6月25日刊發的莊皇集團公司（「本公司」）截至2023年3月31日止年度 之年度業績公告（「2023年年度業績公告」）中「股份獎勵計劃」一節及於2023年6月 29日刊發的本公司截至2023年3月31日止年度之年報（「2023年年報」）中「董事會報 告－股份獎勵計劃」一節所載之披露。除另有界定外，本公告所用詞彙與2023年年報所 界定者具有相同涵義。 ...

SANBASE CORPORATION LIMITED 莊皇集團公 司 SANBASE CORPORATION LIMITED 莊皇集團公 司 (Incorporated in the Cayman Islands with limited liability) (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） Stock code 股份代號：8501 中期報告 INTERIM REPORT 2023 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed ...

SANBASE CORPORATION LIMITED 莊 皇 集 團 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8501） 截至2023年9月30日止6個月之中期業績公告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在主板 上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險， 並應經過審慎周詳的考慮後方可作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣 之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量 的市場。 香港交易及結算所有限公司及聯交所對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本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之任何損失承擔任何責任。 本公告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有 關莊皇集團公司（「本公司」）的資料，本公司的董事（「董事」）願就此共同及個別 地承擔全部責任。各董事在作出一切合理查詢後，確認就彼等所知及所信，本公告 所載資料在各重 ...

Financial Performance - The Group's revenue for the first quarter grew by 17% year-on-year to HK$108 million[22] - Profit after tax increased by more than double year-on-year to approximately HK$2.6 million[22] - For the three months ended June 30, 2023, the company's revenue increased by 17% year-on-year to HK$107.65 million, compared to HK$92.04 million in the same period last year[35] - The gross profit for the same period rose by 33.6% to HK$7.70 million, with a gross profit margin of 7.2%, up from 6.3%[35] - Profit before income tax surged by 183.5% to HK$3.05 million, compared to HK$1.07 million in the previous year[35] - Profit attributable to owners of the company increased by 221.4% to HK$2.01 million, up from HK$0.63 million[35] - Basic and diluted earnings per share rose by 218.8% to HK$1.02, compared to HK$0.32 in the prior year[35] - Total comprehensive income for the period was HK$2.33 million, compared to HK$0.53 million in the previous year[38] - Total comprehensive income for the period attributable to owners of the Company rose to HK$1,803,000 in Q1 2023 compared to HK$442,000 in Q1 2022, marking an increase of 308%[39] - Basic and diluted earnings per share attributable to owners of the Company increased to HK$1.02 in Q1 2023 from HK$0.32 in Q1 2022, reflecting a growth of 218.75%[39] - The mainland China business revenue increased by more than 7 times year-on-year, successfully turning losses into profits[27] - The Group recorded a profit of approximately HK$2.6 million for the Current Period, compared to a profit of approximately HK$0.8 million for the Previous Period[141] Market Conditions - The Asian Development Bank revised Hong Kong's economic growth forecast for 2023 from 3.6% to 4.7%[21] - The recovery of the tourism and transportation industries contributed to the positive economic outlook for Hong Kong[21] - The rental gap between districts in Hong Kong has narrowed considerably, incentivizing enterprises to upgrade their offices[21] - The Grade A commercial leasing market in Hong Kong is experiencing a recovery due to the completion of new commercial properties[21] - The macro environment continues to improve, supporting business expansion for enterprises in Hong Kong[21] - Total leasing transactions in the Grade A office market in Hong Kong increased by 13.8% in the first half of the year, indicating a more active market[114] - The gradual easing of pandemic impacts is expected to drive demand in the decoration market as companies accelerate expansion and upgrade office spaces[116] Business Operations - The number of projects increased from 37 in the same period last year to 58 during the Current Period[22] - The Group capitalized on market recovery by securing more and larger service contracts[22] - The company has secured 58 projects in the first quarter, up from 37 projects in the same period last year, reflecting a strong recovery in business volume[24] - The company remains optimistic about the commercial property leasing market in Hong Kong and mainland China, driven by talent acquisition measures and the development of key business districts[29] - The Group's operations are primarily focused in Hong Kong, with business expansion initiated in the PRC since May 2018[62] - The Group's financial performance is assessed as a single operating segment, emphasizing the provision of interior fit-out solutions[62] Cost Management - The Company maintained stringent control of costs and expenses, contributing to improved profitability[22] - The company has actively strengthened its subcontractor portfolio during the pandemic to reduce costs while maintaining service quality[28] - Subcontracting charges for the period were HK$90,680,000, an increase of 15.5% from HK$78,489,000 in the previous year[75] - The Group's direct margin reflects overall project profitability before accounting for other fixed costs, indicating a focus on improving project efficiency[131] - Administrative expenses decreased by approximately 9.8% to approximately HK$5.5 million from approximately HK$6.1 million in the Previous Period[138] - Finance costs decreased by approximately 42.9% to approximately HK$20,000 from approximately HK$35,000 in the Previous Period[139] Shareholder Information - As of June 30, 2023, Mr. Wong Sai Chuen holds 112,500,000 shares, representing 56.25% of the issued share capital of the company[169] - Ms. Hui Man Yee, Maggie, as the spouse of Mr. Wong Sai Chuen, is also deemed to be interested in 112,500,000 shares, equating to 56.25% of the issued share capital[170] - Madison Square International Investment Limited, a company wholly owned by Mr. Wong, is the beneficial owner of 112,500,000 shares, which is 56.25% of the company's issued share capital[178] - J&J Partner Investment Group Limited holds 37,500,000 shares, representing 18.75% of the issued share capital[178] - Mr. Wong Kin Kei has an interest in a controlled corporation holding 37,500,000 shares, also 18.75% of the issued share capital[178] - As of June 30, 2023, no other directors or chief executives had interests or short positions in any shares or underlying shares of the company[173] - The company did not purchase, sell, or redeem any of its listed securities during the current period, except for trustee purchases under the Share Award Scheme[183] - All shares mentioned are held in long position, indicating a positive outlook on the company's performance[171] - The company has not been notified of any other persons with interests or short positions in the shares as recorded in the register[181] Financial Reporting - The company has not applied any new and revised HKFRSs that are not yet effective for the current period, ensuring consistency in financial reporting[55] - The unaudited financial information for the three months ended June 30, 2023, has been prepared in accordance with applicable Hong Kong Financial Reporting Standards[47] - No new accounting standards were applied during the reporting period that would have a significant impact on the financial statements[59] - The Group recorded revenue of approximately HK$107.7 million for the three months ended 30 June 2023, representing an increase of approximately 17.0% compared to HK$92.0 million for the same period in 2022[108] - Revenue from Hong Kong customers was HK$101,748,000, up 11.5% from HK$91,336,000 in 2022, while revenue from the PRC increased significantly to HK$5,903,000 from HK$707,000[66]

SANBASE CORPORATION LIMITED 莊 皇 集 團 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8501） 截至2023年6月30日止3個月之第一季度業績公告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他 在主板上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公 司的潛在風險，並應經過審慎周詳的考慮後方可作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣 之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量 的市場。 香港交易及結算所有限公司及聯交所對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不就因本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之任何損失承擔任何責任。 本公告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有 關莊皇集團公司（「本公司」）的資料，本公司的董事（「董事」）願就此共同及個別 地承擔全部責任。各董事在作出一切合理查詢後，確認就彼等所知及所信，本公告 所載資料 ...