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 | | | 呈交日期: 2025年8月8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) | 08601 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,500,000,000 | HKD | | 0.01 | HKD | | 15,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,500,000,000 | HKD | | 0.01 | HKD | | 15,000,000 | 本月底法定/註冊股本總額： HKD 15,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 致：香港交 ...

Economic Performance - The Group faced challenges in the local economy, including inflation and various economic factors, prompting a prudent approach to managing daily expenses[22] - The Group recorded total revenue of approximately HK$187.3 million, an increase of approximately HK$16.9 million or 9.9% compared to HK$170.4 million for the previous year[28] - Profit attributable to equity holders of the Company was approximately HK$28.1 million, slightly down from approximately HK$28.2 million in the previous year, indicating stable performance[28] - Cost of services rose to approximately HK$125.2 million for the Year, an increase of approximately HK$15.1 million or 13.8% from HK$110.1 million for the year ended 31 December 2023[75] - Gross profit increased to approximately HK$62.1 million, up by approximately HK$1.7 million or 2.9% from HK$60.4 million for the year ended 31 December 2023[80] - Other income remained stable at approximately HK$3.9 million for the Year compared to the financial year ended 31 December 2023[81] - Administrative expenses amounted to approximately HK$32.5 million for the Year, remaining stable due to cost-reduction strategies implemented by management[83] - Income tax expense increased by approximately HK$0.3 million or 6.3% to approximately HK$5.0 million for the Year, primarily due to an increase in taxable profit[84] Strategic Initiatives - Strategic negotiations and securing new projects and tenders were actively pursued to enhance business performance and reaffirm the Group's competitive position[23] - The Company is exploring appropriate investment opportunities that align with its core business objectives to strengthen and diversify its offerings[23] - The Group is committed to expanding its service capacity and enhancing operational efficiency to meet evolving market demands[30] - Initiatives to broaden the customer base and increase market share are underway, aimed at driving growth and enhancing shareholder value[31] - The Group aims to improve operational efficiency and profitability while seeking opportunities to expand its customer base and market share[73] - The expansion of the professional team is a key strategy to strengthen technical capabilities for future project bids[30] Management and Governance - The Group expresses gratitude to shareholders, business partners, customers, and employees for their continuous support and contributions[35] - Mr. Chan Kai Kow Macksion has been an independent non-executive director since August 20, 2018, and is a member of the Audit, Nomination, and Remuneration Committees[47] - Ms. Chik Wai Chun was appointed as an independent non-executive director on September 9, 2021, and serves as the chairlady of the Audit Committee[52] - Mr. Shek Man Wah, aged 58, is the chief operating officer responsible for overseeing project execution and completion, having joined Mannings in May 2006[54] - Ms. Chiu Chui Ping, aged 56, is the chief administrative officer overseeing human resources and administrative functions since October 2005[59] - Mr. So William has been with Mannings since September 2006, managing project execution and completion, and was promoted to divisional director in April 2014[61] - Mr. Lam Chi Chiu has been a divisional director since September 2016, managing project execution and completion[63] - Mr. Pang Chun Sing George has over 40 years of experience in civil engineering and has been a senior partner since 1999[50] - Ms. Chik Wai Chun has over 17 years of experience in auditing, accounting, corporate governance, and company secretarial roles[53] - Mr. So was admitted as a member of the Institution of Highways and Transportation in April 1998 and as a chartered engineer in December 2002[62] - Mr. Lam was certified as a registered professional engineer in Hong Kong from July 2013 to June 2014[64] Financial Position - As of December 31, 2024, the Group's cash and bank balances amounted to approximately HK$36.5 million, down from HK$67.5 million in 2023[97] - The Group had net current assets of approximately HK$130.7 million as of December 31, 2024, compared to HK$146.4 million in 2023[98] - Total equity attributable to owners of the Company was approximately HK$136.2 million as of December 31, 2024, down from HK$153.1 million in 2023[99] - The Board does not recommend the payment of a final dividend for the year, resulting in a total cash dividend of HK$0.05625 per ordinary share for the year, down from HK$0.08125 in 2023[91] - The Group's gearing ratio was nil as of December 31, 2024, consistent with the previous year[120] - The Group had no contingent liabilities as of December 31, 2024, remaining unchanged from 2023[102] - The Group's debt-to-equity ratio was zero as of December 31, 2024, consistent with the previous year[125] Environmental, Social, and Governance (ESG) - The ESG report covers the period from January 1, 2024, to December 31, 2024, highlighting the Group's commitment to corporate social responsibility and compliance with ESG regulations[130] - The ESG strategy is integrated into business operations, with regular meetings held to monitor ESG-related risks and opportunities[143] - The Board is responsible for overseeing the Group's ESG strategy and ensuring compliance with legal requirements[144] - Stakeholder engagement is prioritized, with efforts made to understand and address their concerns regarding sustainable development[149] - Air emissions from vehicles showed a significant reduction in FY2024, with Nitrogen Oxides (NOX) decreasing to 1,128.31 grams from 3,014.37 grams in FY2023, representing a reduction of approximately 62.6%[168] - Sulphur Oxides (SOX) emissions also decreased from 33.35 grams in FY2023 to 25.62 grams in FY2024, a reduction of about 23.2%[168] - Respiratory Suspended Particles (PM) emissions fell from 221.94 grams in FY2023 to 83.08 grams in FY2024, marking a decrease of approximately 62.6%[168] - The Group is committed to promoting the use of public transportation among staff to minimize environmental impact[164] - Future plans include transitioning to alternative fuels, such as electric or hydrogen-powered vehicles, when practicable[164] - The Group's materiality assessment identified key ESG topics, focusing on environmental and social responsibilities for sustainable business development[158] - The Group aims to enhance the quality of ESG management by addressing the most significant topics identified through stakeholder engagement[158] - Compliance with laws and regulations is a priority for the Group in its operations and stakeholder communications[156] - The Group emphasizes ongoing improvement in employee compensation, welfare, and development as part of its social responsibility efforts[160] - The Group's environmental protection measures align with relevant emission laws and regulations, demonstrating a commitment to sustainable practices[165] - Greenhouse gas emissions from mobile combustion sources decreased from 5.35 tonnes in FY2023 to 4.11 tonnes in FY2024, representing a reduction of approximately 23.2%[169] - Total emissions for Scope 1 and Scope 2 increased from 72.00 tonnes in FY2023 to 127.74 tonnes in FY2024, an increase of approximately 77.5%[169] - Emission intensity rose from 0.42 tonnes per staff in FY2023 to 0.73 tonnes per staff in FY2024, indicating a 73.8% increase[169] - The Group generated 4.01 tonnes of waste paper in FY2024, down from 4.48 tonnes in FY2023, reflecting a reduction of approximately 10.5%[175] - Total electricity consumption increased from 178,285 kWh in FY2023 to 195,275 kWh in FY2024, an increase of approximately 9.5%[184] - Electricity usage intensity rose from 1,042.60 kWh per staff in FY2023 to 1,415.04 kWh per staff in FY2024, a rise of approximately 35.6%[184] - The Group aims to reduce GHG emissions intensity by 2% by 2026 compared to the 2021 baseline, primarily through transitioning to hybrid cars[172] - The Group plans to reduce electricity usage intensity to around 900 kWh per staff member in the coming year[184] - The Group maintained a zero-business air travel policy to reduce carbon emissions from unnecessary business trips[171] - The Group did not receive any notice of non-compliance regarding air or GHG emissions during the year[173] - Total water consumption decreased from 197.00 m³ in FY2023 to 59 m³ in FY2024, representing a reduction of approximately 70%[193] - Water consumption intensity improved from 1.15 m³/kWh per staff in FY2023 to 0.34 m³/kWh per staff in FY2024, indicating a significant increase in efficiency[193] - The Group aims to further reduce water consumption in monitored areas for the upcoming year, focusing on identifying areas for improvement[188] - The Group conducts regular inspections for leaks and promptly repairs any identified issues to prevent water wastage[189] - The Group implements policies to reduce emissions and conserve resources, aiming to decrease its carbon footprint and promote sustainable practices[196] - Employee awareness regarding environmental concerns is prioritized through practical guidance and actionable tips to encourage participation in reducing energy consumption and GHG emissions[196] - The Group continuously monitors updates to environmental and natural resource laws to ensure compliance[196] - Climate change risks have been evaluated, categorized, and corresponding mitigation measures have been outlined by the Group[198]

Financial Performance - The total revenue for the year ended December 31, 2024, was HKD 187,279,000, representing an increase of 9.9% compared to HKD 170,406,000 for the year ended December 31, 2023[4] - Gross profit for the year was HKD 62,081,000, up from HKD 60,350,000, indicating a growth of 2.9%[4] - The net profit attributable to equity holders for the year was HKD 28,055,000, slightly down from HKD 28,229,000, reflecting a decrease of 0.6%[4] - Basic and diluted earnings per share were HKD 3.51, compared to HKD 3.53 for the previous year, showing a decline of 0.6%[4] - Total revenue for the year 2024 reached HKD 187,279,000, an increase from HKD 170,406,000 in 2023, representing a growth of approximately 9.3%[16] - Civil engineering revenue increased to HKD 149,854,000 in 2024 from HKD 135,579,000 in 2023, marking a growth of about 10.5%[16] - The company’s revenue from traffic engineering decreased to HKD 22,010,000 in 2024 from HKD 24,166,000 in 2023, reflecting a decline of approximately 9.0%[16] - The company’s revenue from landscape architecture increased significantly to HKD 5,238,000 in 2024 from HKD 2,815,000 in 2023, representing an increase of about 86.1%[16] - The company’s revenue from other supporting services rose to HKD 4,509,000 in 2024 from HKD 1,965,000 in 2023, indicating a growth of approximately 129.5%[16] Assets and Liabilities - Total assets decreased to HKD 158,008,000 from HKD 172,218,000, a reduction of 8.2%[5] - Current liabilities decreased to HKD 27,348,000 from HKD 25,814,000, an increase of 5.9%[5] - The company's total equity decreased to HKD 136,152,000 from HKD 153,097,000, a decline of 11.1%[5] - Trade receivables increased from HKD 61,827,000 in 2023 to HKD 72,417,000 in 2024, representing a growth of about 17.1%[31] - Trade payables increased to HKD 5,055,000 in 2024 from HKD 2,922,000 in 2023, marking a rise of 73.0%[41] - Contract assets increased to HKD 34,750,000 in 2024 from HKD 30,141,000 in 2023, representing a growth of approximately 15.5%[37] - The balance of contract liabilities decreased to HKD 225,000 in 2024 from HKD 272,000 in 2023, a reduction of 17.3%[37] Dividends - The company declared dividends totaling HKD 45,000,000 during the year[7] - The interim dividend per share decreased from HKD 0.08125 in 2023 to HKD 0.05625 in 2024, a reduction of approximately 30.7%[27] - The company did not recommend the payment of a final dividend for the year ending December 31, 2024[27] - The board does not recommend the payment of a final dividend for the year 2023, with total cash dividends amounting to HKD 0.05625 per share, down from HKD 0.08125 per share in 2022[69] Credit Loss Provisions - The company reported an expected credit loss provision of HKD 1,178,000, up from HKD 527,000, indicating an increase of 123.5%[4] - The provision for expected credit losses on trade receivables rose from HKD 2,221,000 in 2023 to HKD 3,336,000 in 2024, an increase of about 50.2%[35] - The expected credit loss provision for contract assets rose to HKD 301,000 in 2024 from HKD 238,000 in 2023, an increase of 26.5%[41] - The expected credit loss provision for contract assets at the beginning of the year was HKD 238,000 in 2024, up from HKD 178,000 in 2023, an increase of 33.9%[41] Operational Focus and Strategy - The company continues to focus on expanding its engineering design and consultancy services in Hong Kong[8] - The group aims to enhance operational efficiency and profitability while actively seeking opportunities to expand its customer base and market share[59] Corporate Governance - The board emphasizes the importance of corporate governance and has adhered to the corporate governance code throughout the year[81][84] - The audit committee was established on August 20, 2018, in accordance with GEM Listing Rules, with responsibilities including the review of financial statements and internal controls[90] - The audit committee consists of three independent non-executive directors, with Ms. Qi Weizhen serving as the chairperson[90] - The company's annual performance has been reviewed by the audit committee, which provided recommendations and opinions[90] Changes in Management and Structure - There were changes in the board composition, with Mr. Chen resigning as an independent non-executive director and Mr. Peng appointed to the same position[78][79] - The company has adopted a share option scheme since August 20, 2018, but no options have been granted under this scheme[87] Compliance and Reporting - The announcement complies with the GEM Listing Rules and aims to provide relevant information about the company[92] - The directors confirm that the information in the announcement is accurate and complete, with no misleading or fraudulent elements[92] - The announcement will be published on the Hong Kong Stock Exchange website for at least seven days from the date of publication[93] - The company will also publish the announcement on its own website[93]

Financial Performance - The Group reported an unaudited revenue of $XX million for the six months ended June 30, 2024, representing a YY% increase compared to the same period in 2023[11]. - Revenue for the six months ended June 30, 2024, increased to HK$88,811,000, up 11% from HK$79,051,000 in the same period of 2023[12]. - The Group's revenue for the six months ended 30 June 2024 was HK$88,811,000, an increase of 12.2% compared to HK$79,051,000 for the same period in 2023[23]. - Profit attributable to equity holders of the Company decreased to HK$12,062,000, down 8.6% from HK$13,200,000 in the prior year[12]. - Basic and diluted earnings per share were HK$1.51, a decrease from HK$1.65 in the previous year[12]. - Profit before income tax for the six months ended June 30, 2024, was HK$12,062,000, a decrease from HK$13,200,000 in 2023, representing a decline of approximately 8.6%[46]. - The total interim dividend declared for 2024 is HK$45 million, compared to HK$65 million for the same period in 2023, reflecting a reduction of approximately 30.8%[49]. - The Group recorded a net profit of approximately HK$12.1 million for the six months ended 30 June 2024, compared to HK$13.2 million for the same period in 2023, reflecting a decrease of about 8.3%[79]. User and Market Growth - User data showed an increase in active users by ZZ% year-over-year, reaching a total of AA million users as of June 30, 2024[11]. - The Company has provided a positive outlook for the next quarter, projecting a revenue growth of BB% based on current market trends and user acquisition strategies[11]. - The Company is exploring market expansion opportunities in the Asia-Pacific region, targeting a market share increase of DD% by the end of 2025[11]. - The Group has received an increasing number of project quotation invitations from potential and current customers, leading to cautious optimism about future business prospects[79]. Operational Efficiency and Cost Management - Ongoing research and development efforts have led to the introduction of new technologies, which are anticipated to enhance operational efficiency by EE%[11]. - Cost management strategies implemented have resulted in a reduction of operational expenses by FF%, improving overall profitability margins[11]. - Direct costs increased to approximately HK$59.0 million, up by approximately HK$8.8 million or 17.5% from HK$50.2 million for the six months ended 30 June 2023[85]. - Gross profit rose to approximately HK$29.8 million, an increase of approximately HK$1.0 million or 3.3% from HK$28.9 million for the six months ended 30 June 2023[85]. Assets and Liabilities - Total assets as of June 30, 2024, were HK$176,090,000, up from HK$172,218,000 as of December 31, 2023[14]. - Net assets increased to HK$165,159,000 from HK$153,097,000 at the end of the previous period[14]. - Current liabilities decreased to HK$18,221,000 from HK$25,814,000 at the end of 2023[14]. - Trade receivables as of June 30, 2024, amounted to HK$60,130,000, with an expected credit loss allowance of HK$2,221,000, resulting in a net trade receivable of HK$57,909,000[53]. - Trade payables decreased to HK$1.025 million as of 30 June 2024 from HK$2.922 million as of 31 December 2023, indicating a reduction of approximately 65%[62]. Shareholder and Governance - The Company aims to enhance shareholder value through a proposed dividend increase of GG% in the upcoming fiscal year[11]. - The Group is committed to providing competitive compensation and a harmonious work environment to attract and retain qualified personnel[93]. - The Group regularly reviews its human resources policies to ensure compliance with laws and regulations[93]. - The company emphasizes the importance of corporate governance practices to maintain shareholder trust and long-term value creation[109]. - The Audit Committee consists of three independent non-executive Directors, ensuring oversight of financial reporting and compliance[114]. Sustainability and Future Outlook - Management has emphasized the importance of sustainability initiatives, aiming for a reduction in carbon footprint by HH% over the next three years[11]. - New product launches are expected to contribute an additional $CC million in revenue, with a focus on innovative technology solutions[11]. - The Group aims to improve operational efficiency and profitability while seeking opportunities to expand its customer base and market share[80]. Employment and Human Resources - The Group had a total of 446 employees as of 30 June 2024, a decrease from 455 employees as of 31 December 2023[90]. - The Group did not have any significant investments or material acquisitions during the six months ended 30 June 2024[92]. - The Group has no potentially dilutive ordinary shares in issue during the six months ended June 30, 2024, and 2023, resulting in diluted earnings per share being the same as basic earnings per share[48].

[Financial Highlights and Business Overview](index=2&type=section&id=Financial%20Highlights) [Financial Summary](index=2&type=section&id=Financial%20Summary) For the six months ended June 30, 2024, the company's revenue increased by **12.3%** year-on-year to **HKD 88.811 million**, but profit attributable to equity holders decreased by **8.6%** to **HKD 12.062 million** due to faster cost growth and reduced other income, with basic earnings per share falling to **HK 1.51 cents** from **HK 1.65 cents** Key Financial Indicators for H1 2024 | Indicator | For the six months ended June 30 (2024) | For the six months ended June 30 (2023) | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | HKD 88.811 million | HKD 79.051 million | +12.3% | | Gross Profit | HKD 29.843 million | HKD 28.879 million | +3.3% | | Profit before income tax | HKD 13.622 million | HKD 15.185 million | -10.3% | | Profit for the period | HKD 12.062 million | HKD 13.200 million | -8.6% | | Basic earnings per share | HK 1.51 cents | HK 1.65 cents | -8.5% | [Business Overview and Outlook](index=6&type=section&id=Business%20Overview%20and%20Outlook) The Group, an engineering consultant focused on Hong Kong's infrastructure development, covers civil, traffic, building, and landscape engineering, maintaining cautious optimism on business prospects and actively seeking to expand its client base and market share - The Group primarily provides engineering design, landscape architecture, and consultancy services in Hong Kong[8](index=8&type=chunk) - The Board maintains a cautious yet optimistic outlook on the Group's business prospects and plans to actively expand its client base and market share[31](index=31&type=chunk)[32](index=32&type=chunk) [Unaudited Condensed Consolidated Financial Statements](index=2&type=section&id=Unaudited%20Condensed%20Consolidated%20Financial%20Statements) [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) During the reporting period, Group revenue grew **12.3%** to **HKD 88.811 million**, but increased service costs and administrative expenses, coupled with reduced other income, led to a decline in profit before tax to **HKD 13.622 million**, with profit attributable to equity holders ultimately decreasing **8.6%** to **HKD 12.062 million** Consolidated Statement of Profit or Loss Summary (For the six months ended June 30) | Item | 2024 (HKD thousand) | 2023 (HKD thousand) | | :--- | :--- | :--- | | Revenue | 88,811 | 79,051 | | Gross Profit | 29,843 | 28,879 | | Other income | 1,355 | 2,726 | | Administrative expenses | (17,353) | (16,357) | | Profit before income tax | 13,622 | 15,185 | | Profit for the period | 12,062 | 13,200 | [Consolidated Statement of Financial Position](index=3&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As at June 30, 2024, the Group's total assets reached **HKD 188 million**, with net assets increasing to **HKD 165 million** (end of 2023: HKD 153 million), and net current assets significantly rising to **HKD 158 million**, indicating a robust financial position Financial Position Summary | Item | June 30, 2024 (HKD thousand) | December 31, 2023 (HKD thousand) | | :--- | :--- | :--- | | Non-current assets | 12,162 | 13,918 | | Current assets | 176,090 | 172,218 | | Current liabilities | 18,221 | 25,814 | | Net current assets | 157,869 | 146,404 | | Net assets | 165,159 | 153,097 | | Total equity | 165,159 | 153,097 | [Consolidated Statement of Changes in Equity](index=4&type=section&id=Consolidated%20Statement%20of%20Changes%20in%20Equity) For the six months ended June 30, 2024, the Group's total equity increased from **HKD 153 million** at the beginning of the period to **HKD 165 million**, primarily driven by the **HKD 12.062 million** profit recorded during the period - As at June 30, 2024, total equity reached **HKD 165 million**, an increase from **HKD 153 million** at the beginning of the year, primarily due to the **HKD 12.062 million** profit for the period[6](index=6&type=chunk) [Consolidated Statement of Cash Flows](index=5&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) During the reporting period, cash flow from operating activities turned positive, with a net inflow of **HKD 6.201 million**, while cash flow from investing activities shifted from a significant inflow to a small outflow compared to the prior period, with cash and cash equivalents at period-end increasing to **HKD 71.542 million** Cash Flow Statement Summary (For the six months ended June 30) | Item | 2024 (HKD thousand) | 2023 (HKD thousand) | | :--- | :--- | :--- | | Net cash generated from operating activities | 6,201 | (7,227) | | Net cash (used in)/generated from investing activities | (405) | 57,311 | | Net cash used in financing activities | (1,801) | (2,088) | | Cash and cash equivalents at end of period | 71,542 | 127,165 | [Notes to the Financial Statements](index=6&type=section&id=Notes%20to%20the%20Financial%20Statements) [Revenue and Other Income](index=7&type=section&id=Revenue%20and%20Other%20Income) The Group's total revenue increased **12.3%** year-on-year to **HKD 88.811 million**, primarily driven by civil engineering, with remaining performance obligations totaling approximately **HKD 297 million** as of period-end, while other income significantly decreased **50.3%** due to lower bank interest income Revenue by Service Type (For the six months ended June 30) | Service Type | 2024 (HKD thousand) | 2023 (HKD thousand) | | :--- | :--- | :--- | | Civil Engineering | 69,512 | 64,514 | | Traffic Engineering | 12,390 | 11,528 | | Building Engineering | 3,015 | 2,763 | | Landscape Architecture | 2,887 | – | | Other Ancillary Services | 1,007 | 246 | | **Total** | **88,811** | **79,051** | - As at June 30, 2024, the Group's total remaining performance obligations expected to be recognized in the future amounted to **HKD 297 million**[11](index=11&type=chunk)[12](index=12&type=chunk) - Other income decreased from **HKD 2.726 million** in the prior period to **HKD 1.355 million**, primarily due to a reduction in bank interest income from **HKD 2.13 million** to **HKD 0.681 million**[13](index=13&type=chunk) [Key Expense Items](index=9&type=section&id=Key%20Expense%20Items) During the reporting period, total staff costs, the largest expense item, increased **19.3%** year-on-year to **HKD 55.969 million**, with **HKD 50.372 million** included in cost of services, while subcontracting consultant fees also significantly rose **61.8%** to **HKD 7.232 million** Key Expense Summary (For the six months ended June 30) | Item | 2024 (HKD thousand) | 2023 (HKD thousand) | | :--- | :--- | :--- | | Total staff costs | 55,969 | 46,933 | | Depreciation | 2,893 | 2,763 | | Subcontracting consultant fees | 7,232 | 4,468 | [Dividends](index=10&type=section&id=Dividends) The Board has declared an interim dividend of **HKD 0.05625** per ordinary share for the six months ended June 30, 2024, totaling **HKD 45 million**, compared to **HKD 65 million** in the prior period - The Board declared an interim dividend of **HKD 0.05625** per ordinary share for 2024, totaling **HKD 45 million**[21](index=21&type=chunk) [Management Discussion and Analysis](index=14&type=section&id=Management%20Discussion%20and%20Analysis) [Financial Review](index=14&type=section&id=Financial%20Review) The period's financial performance showed revenue growth but pressured profitability, with revenue up **12.3%** due to new projects, but direct costs rising **17.5%** from increased labor, leading to only a **3.3%** gross profit increase, while other income halved due to lower interest, and administrative expenses rose **6.1%** from an acquisition [Revenue](index=14&type=section&id=Revenue) - Revenue increased **12.3%** year-on-year to approximately **HKD 88.8 million**, primarily due to an increase in projects awarded during the period[33](index=33&type=chunk) [Costs and Gross Profit](index=14&type=section&id=Costs%20and%20Gross%20Profit) - Direct costs increased **17.5%** year-on-year to approximately **HKD 59 million**, primarily due to higher direct labor costs[34](index=34&type=chunk) - Gross profit increased **3.3%** year-on-year to approximately **HKD 29.8 million**, benefiting from increased productivity due to a higher number of technical staff[35](index=35&type=chunk) [Other Income and Administrative Expenses](index=15&type=section&id=Other%20Income%20and%20Administrative%20Expenses) - Other income decreased **50.3%** year-on-year to approximately **HKD 1.4 million**, primarily due to reduced bank interest income from fixed deposits[36](index=36&type=chunk) - Administrative expenses increased **6.1%** year-on-year to approximately **HKD 17.4 million**, mainly due to the acquisition of a landscape architecture company[37](index=37&type=chunk) [Liquidity and Financial Resources](index=16&type=section&id=Liquidity%20and%20Financial%20Resources) The Group maintains a robust financial position, primarily funding operations through cash generated from operating activities, with cash and bank balances of approximately **HKD 71.5 million** and net current assets of **HKD 158 million** at period-end, and a zero gearing ratio with no bank borrowings Liquidity Indicators | Indicator | June 30, 2024 | December 31, 2023 | | :--- | :--- | :--- | | Cash and bank balances | HKD 71.5 million | HKD 67.5 million | | Net current assets | HKD 157.9 million | HKD 146.4 million | | Total equity | HKD 165.2 million | HKD 153.1 million | - As at June 30, 2024, the Group's gearing ratio was zero[48](index=48&type=chunk) [Employee and Remuneration Policy](index=16&type=section&id=Employee%20and%20Remuneration%20Policy) As at June 30, 2024, the Group employed **446** staff, offering competitive remuneration and regularly reviewing human resources policies for compliance, complemented by a share option scheme to incentivize and retain talent - As at June 30, 2024, the Group had **446** employees (including directors)[45](index=45&type=chunk) - The Group offers attractive remuneration packages and has a share option scheme to incentivize employees[46](index=46&type=chunk) [Other Disclosures](index=18&type=section&id=Other%20Disclosures) [Disclosure of Interests](index=18&type=section&id=Disclosure%20of%20Interests) As at June 30, 2024, Executive Director Mr. Cheung Kwan Tat, through his controlled entity Wai Wing Investment Holdings Limited, held **67.65%** of the company's shares, making him the controlling shareholder, while Mr. Cheng Chi Hang held **7.35%** Major Shareholders' Shareholding | Shareholder Name | Nature of Interest | Number of Shares Held | Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Cheung Kwan Tat | Interest in controlled corporation | 541,200,000 | 67.65% | | Wai Wing Investment Holdings Limited | Beneficial owner | 541,200,000 | 67.65% | | Cheng Chi Hang | Beneficial owner | 58,800,000 | 7.35% | [Corporate Governance](index=20&type=section&id=Corporate%20Governance) The company is committed to maintaining high corporate governance standards, complying with GEM Listing Rules' Corporate Governance Code during the period, with the sole deviation being the combined roles of Chairman and Chief Executive Officer held by Mr. Cheung Kwan Tat, an arrangement the Board believes enhances decision-making efficiency and will be regularly reviewed - The company deviated from Code Provision C.2.1 of the Corporate Governance Code, where the roles of Chairman and Chief Executive Officer are not segregated and are both held by Mr. Cheung Kwan Tat[56](index=56&type=chunk) - The Board believes that combining the roles of Chairman and Chief Executive Officer facilitates the execution of business strategies and provides strong, consistent leadership, thereby enhancing decision-making efficiency[56](index=56&type=chunk) [Audit Committee](index=21&type=section&id=Audit%20Committee) The Audit Committee, comprising three independent non-executive directors, oversees the company's financial reporting processes and internal control systems, and has reviewed the unaudited interim results for the current period - The Audit Committee comprises three independent non-executive directors: Ms. Chik Wai Chun, Mr. Pang Chun Sing, and Mr. Chan Kai Kau[60](index=60&type=chunk) - The Committee has reviewed the Group's unaudited interim results for the six months ended June 30, 2024[60](index=60&type=chunk) [Post-Reporting Period Events](index=21&type=section&id=Post-Reporting%20Period%20Events) On July 16, 2024, Mr. Pang Chun Sing was appointed as a new independent non-executive director, also serving as Chairman of the Remuneration Committee and a member of the Audit and Nomination Committees - On July 16, 2024, Mr. Pang Chun Sing was appointed as a new independent non-executive director of the company[61](index=61&type=chunk)

Business Performance - The Group has actively negotiated and secured new projects and tenders to enhance its business performance[20]. - The economic activities and operations have gradually returned to normal following the lifting of COVID-19 restrictions in early 2023[19]. - The Company is focused on executing its business strategies and utilizing its competitive strengths to strengthen its core business[20]. - The Group aims to look for appropriate investment opportunities to further enhance its business performance[20]. - The Group recorded total revenue of approximately HK$170.4 million, representing an increase of approximately 14.1% compared to HK$149.3 million for the year ended December 31, 2022[25]. - Profit attributable to equity holders of the Company was approximately HK$28.2 million, up from approximately HK$18.5 million for the year ended December 31, 2022[25]. - The increase in profit was mainly due to an increase in awarded projects and enhanced productivity following the lifting of all COVID-19 restrictions by the Hong Kong Government in early 2023[29]. - There has been an increasing number of project quotation invitations received from potential and current customers, indicating a strong demand in the infrastructure development market[26]. - The Group plans to utilize net proceeds from the Listing to expand service capacity and improve operational efficiency and profitability[27]. - The Group aims to expand its team of professionals to enhance technical capabilities for future project bids[27]. - The Group is proactively seeking opportunities to expand its customer base and market share, undertaking more building projects to enhance shareholder value[27]. - The Directors are cautiously optimistic about the Group's business outlook based on accumulated expertise and experiences in the industry[28]. - Economic activities are returning to normal after three years of the pandemic, leading to more active project launches by infrastructure developers[26]. - The Group is focused on executing its business strategy and leveraging its competitive advantages to secure new projects[24]. Financial Overview - The Group recorded a profit attributable to equity holders of approximately HK$28.2 million for the Year, an increase of approximately 52.4% from HK$18.5 million in the previous year[76]. - Revenue increased to approximately HK$170.4 million, up by approximately HK$21.1 million or 14.1% from HK$149.3 million for the year ended December 31, 2022[78]. - Gross profit rose to approximately HK$60.4 million, an increase of approximately HK$17.8 million or 41.7% from HK$42.6 million for the previous year[84]. - Other income decreased by approximately HK$2.2 million or 36.1% to approximately HK$3.9 million, primarily due to the absence of government subsidies related to COVID-19[85]. - Administrative expenses increased to approximately HK$32.3 million, up by approximately HK$5.0 million or 18.3% from HK$27.3 million in the previous year[87]. - Income tax expense increased by approximately HK$1.9 million or 67.9% to approximately HK$4.7 million, mainly due to an increase in taxable profit[88]. - The cost of services remained stable at approximately HK$110.1 million compared to the previous financial year[79]. - As of December 31, 2023, the Group's cash and bank balances and short-term time deposits amounted to approximately HK$67.5 million, down from HK$136.0 million in 2022[101]. - The Group had net current assets of approximately HK$146.4 million as of December 31, 2023, compared to HK$186.0 million in 2022[102]. - Total equity attributable to owners of the Company was approximately HK$153.1 million as of December 31, 2023, down from HK$189.9 million in 2022[103]. - The Board does not recommend the payment of a final dividend for the Year, with a total cash dividend of HK$0.08125 per ordinary share for the Year, compared to nil in 2022[96][99]. - The Group had a total of 455 employees as of December 31, 2023, an increase from 349 in 2022[107][114]. - There were no significant investments or material acquisitions and disposals of subsidiaries, associates, or joint ventures during the Year[118][122]. - The Group maintained a conservative treasury policy, ensuring a healthy liquidity position throughout the Year[105]. - As of December 31, 2023, Boltek Holdings Limited's gearing ratio was nil, consistent with the previous year[125][131]. - The Group's assets, liabilities, and transactions are primarily denominated in Hong Kong dollars, with no material foreign currency exchange risk identified[126][132]. Corporate Governance and Management - The immediate and ultimate holding company of the Group is Waywin Investment Holding Limited, incorporated in the British Virgin Islands[18]. - The ultimate controlling shareholder of the Group is Mr. Cheung Kwan Tar[18]. - Boltek Holdings Limited appointed Mr. Chan Yu Sum Sam as an independent non-executive director on August 20, 2018, who is responsible for providing independent judgment to the Board[46]. - Ms. Chik Wai Chun, appointed on September 9, 2021, has over 10 years of experience in auditing, accounting, and corporate governance[54]. - Mr. Shek Man Wah serves as the chief operating officer, overseeing project execution and completion since joining Mannings in May 2006[56]. - Mr. So William has been with Mannings since September 2006, managing project execution and completion, and was promoted to divisional director in April 2014[63]. - Mr. Lam Chi Chiu has been a divisional director of Mannings since September 2016, responsible for managing project execution and completion[65]. - Ms. Chiu Chui Ping, the chief administrative officer, oversees human resources and administrative functions since October 2005[61]. - Mr. Chan Kai Kow Macksion has been an independent non-executive director since August 20, 2018, providing independent judgment to the Board[48]. - Mr. Chan Yu Sum Sam holds a Bachelor of Science in Engineering and a Master of Business Administration, enhancing the Board's expertise[47]. - Ms. Chik Wai Chun obtained a master’s degree in corporate governance, contributing to the company's governance practices[54]. - The company has a diverse board with members holding qualifications from various professional institutions, enhancing its governance and operational capabilities[46][54][61]. Environmental, Social, and Governance (ESG) Initiatives - The Group has committed to enhancing its corporate social responsibility standards and adhering to relevant ESG laws and regulations[136][141]. - The ESG report includes quantitative key performance indicators (KPIs) that are comparable to the previous year[139]. - The Board oversees the Group's ESG strategy, ensuring alignment with business goals and compliance with legal requirements[144][145]. - Regular ESG meetings are conducted to monitor the implementation of strategies and assess compliance status[147][149]. - The Group has established a framework for ESG governance, involving the Board, ESG Working Group, and operational personnel[144][148]. - The Group emphasizes the importance of reducing emissions to protect the environment and promote sustainable economic development, focusing on carbon emissions from unleaded petrol, electricity, and paper consumption[171]. - The Group promotes the use of public transportation among staff and prioritizes unleaded petrol for vehicles to lower greenhouse gas emissions[171]. - Future efforts will include minimizing petrol consumption and transitioning to alternative fuels, such as electric or hydrogen-powered vehicles, when practicable[171]. - A materiality assessment has been conducted to identify and prioritize significant ESG topics for stakeholders, focusing on environmental and social responsibilities[165]. - Key environmental aspects identified include energy saving and waste management, while social aspects include employment, employee compensation, and customer satisfaction[167]. - The Group maintains close communication with stakeholders to understand their concerns and expectations regarding sustainable development[155]. - Stakeholder engagement methods include corporate website disclosures, annual financial reports, and direct communication with employees and investors[157]. - The Group is committed to compliance with laws and regulations, ensuring transparency and ethical business practices[153]. - The Group's governance framework includes regular reviews of ESG-related policies and targets by the Board[155]. - The Group acknowledges its responsibility to balance the interests of all stakeholders while fulfilling its social responsibilities[155]. Emission and Energy Management - The Group reduced nitrogen oxides (NOX) emissions from 3,422.32 grams in FY2022 to 3,014.37 grams in FY2023, a decrease of approximately 11.9%[175]. - Sulphur oxides (SOX) emissions decreased from 36.82 grams in FY2022 to 33.35 grams in FY2023, representing a reduction of about 9.9%[175]. - Respiratory suspended particles (PM) emissions fell from 251.98 grams in FY2022 to 221.94 grams in FY2023, a decline of approximately 11.9%[175]. - Direct greenhouse gas (GHG) emissions from mobile combustion sources decreased from 5.91 tonnes in FY2022 to 5.35 tonnes in FY2023, a reduction of about 9.5%[177]. - The Group aims to decrease GHG emissions intensity by 2% by 2026 compared to the 2021 baseline, primarily through transitioning to hybrid cars[181]. - Total emissions for Scope 1 and Scope 2 increased slightly from 69.86 tonnes in FY2022 to 72.00 tonnes in FY2023[177]. - Emission intensity per staff member improved from 0.47 tonnes in FY2022 to 0.42 tonnes in FY2023, indicating a reduction of approximately 10.6%[177]. - The Group generated 4.48 tonnes of non-hazardous waste paper in FY2023, a slight increase from 4.47 tonnes in FY2022[185]. - The Group maintained a zero-business air travel policy, promoting video conferencing to reduce carbon emissions from unnecessary travel[180]. - The Group implemented stricter energy-saving measures, including setting air conditioning to energy-saving temperatures and encouraging staff to switch off idle equipment[180]. - Total electricity consumption increased to 178,285 kWh in FY2023 from 170,814 kWh in FY2022, reflecting a growth of approximately 2.8%[195]. - Electricity usage intensity decreased to 1,042.60 kWh per staff member in FY2023 from 1,162.00 kWh in FY2022, a reduction of about 10.3%[195]. - The company aims to reduce electricity usage intensity to around 900 kWh per staff member in the coming year[196]. - The increase in energy consumption is attributed to the expansion of office space to enhance the working environment for staff[196]. - The company promotes energy conservation practices among employees, including turning off lights and equipment when not in use[197]. - The office temperature is set at an energy-saving level of around 25°C[197]. - The company regularly investigates water leaks and employs water-saving techniques to minimize unnecessary water consumption[198]. - The management of water consumption records for other areas is handled by the property management company, limiting access to data[199]. - The company aims to reduce water consumption in monitored areas for the upcoming year[200]. - Routine inspections for leaks in pipes and toilets will continue to prevent water wastage[200].

Financial Performance - For the fiscal year ending December 31, 2023, the company reported total revenue of HKD 170,406,000, an increase of 14.3% from HKD 149,292,000 in the previous year[5] - Gross profit for the same period was HKD 60,350,000, representing a significant increase of 41.7% compared to HKD 42,594,000 in 2022[5] - The company achieved a profit before tax of HKD 32,956,000, up 55.1% from HKD 21,275,000 in the prior year[5] - The net profit attributable to equity holders for the year was HKD 28,229,000, which is a 52.9% increase from HKD 18,473,000 in 2022[5] - Basic and diluted earnings per share rose to HKD 3.53, compared to HKD 2.31 in the previous year, marking an increase of 52.8%[5] - The company reported a total comprehensive income of HKD 28,229,000 for the year, compared to HKD 18,473,000 in the previous year, representing an increase of approximately 52.5%[8] Assets and Liabilities - Total assets as of December 31, 2023, were HKD 172,218,000, a decrease from HKD 213,544,000 in 2022[7] - Current liabilities decreased to HKD 25,814,000 from HKD 27,546,000 in the previous year, indicating improved liquidity management[7] - The company reported cash and cash equivalents of HKD 67,547,000, down from HKD 79,169,000 in 2022[7] - As of December 31, 2023, total equity attributable to equity holders decreased to HKD 153,097,000 from HKD 189,868,000 at the beginning of the year, reflecting a decline of approximately 19.3%[8] - Retained earnings as of December 31, 2023, stood at HKD 63,429,000, down from HKD 100,200,000 at the beginning of the year, indicating a decrease of approximately 36.7%[8] - The reserves in the consolidated financial position decreased to HKD 145,097,000 from HKD 181,868,000 year-over-year, a decline of approximately 20.2%[9] Strategic Initiatives - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings report[5] - The company is actively pursuing strategic initiatives, including potential mergers and acquisitions, to enhance its market position[5] Accounting Policies - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2023, which did not have a significant impact on the financial statements[16] - The company anticipates that the newly adopted financial reporting standards will not have a significant impact on its consolidated financial statements[18] - The group has ceased applying the practical expedient method and has adopted the new accounting policy as per the guidelines issued by the Hong Kong Institute of Certified Public Accountants[22] Revenue and Expenses - The group reported a total revenue of HKD 170,406 thousand for the year ended December 31, 2023, an increase of 14.2% compared to HKD 149,292 thousand in 2022[29] - The service cost for the year ended December 31, 2023, was HKD (110,056) thousand, reflecting an increase from HKD (109,484) thousand in 2022[28] - The group’s administrative expenses for the year ended December 31, 2023, were HKD (31,821) thousand, a decrease from HKD (32,138) thousand in 2022[28] - Total employee costs increased from HKD 104,144,000 in 2022 to HKD 109,429,000 in 2023, a rise of approximately 5.3%[38] - Income tax expense rose by approximately HKD 1.9 million or 67.9% to about HKD 4.7 million, primarily due to an increase in taxable profits[78] Customer and Market Dynamics - Customer A's revenue decreased from HKD 34,464,000 in 2022 to HKD 24,339,000 in 2023, representing a decline of approximately 29.4%[35] - The company reported a profit attributable to shareholders of approximately HKD 28.2 million for the year, compared to HKD 18.5 million for the previous year, reflecting an increase due to more awarded projects and improved productivity following the lifting of COVID-19 restrictions[70] - Revenue increased by approximately HKD 21.1 million or 14.1% to about HKD 170.4 million, primarily due to an increase in awarded projects and enhanced productivity after the government lifted COVID-19 restrictions[72] Dividends - The company declared dividends totaling HKD 65,000,000 during the year, which impacted retained earnings significantly[8] - The company did not recommend the payment of a final dividend for the years ending December 31, 2023, and December 31, 2022[40] - The company will not recommend a final dividend for the current year, maintaining a total cash dividend of HKD 0.08125 per ordinary share for the year, consistent with the interim dividend paid on September 18, 2023[81] Compliance and Governance - The audit committee has reviewed the annual performance and provided recommendations and opinions on the financial statements for the year[92] - The announcement complies with the GEM listing rules of the Hong Kong Stock Exchange, ensuring the accuracy and completeness of the information provided[95] - Directors confirm that the information in the announcement is accurate and does not contain misleading or fraudulent elements[95] - The announcement will be available on the Hong Kong Stock Exchange website for at least seven days from the date of publication[96]

Financial Performance - For the three months ended September 30, 2023, revenue was HK$41,294,000, an increase of 4.5% compared to HK$37,621,000 for the same period in 2022[17]. - Gross profit for the third quarter of 2023 was HK$8,717,000, representing a 88.5% increase from HK$4,617,000 in the third quarter of 2022[17]. - Profit before income tax for the three months ended September 30, 2023, was HK$3,270,000, compared to HK$882,000 for the same period in 2022, marking a significant increase of 270.5%[17]. - The profit attributable to owners of the Company for the third quarter of 2023 was HK$3,166,000, up from HK$1,212,000 in the same quarter of 2022, reflecting a growth of 161.5%[17]. - Basic earnings per share for the third quarter of 2023 were 0.40 HK cents, compared to 0.15 HK cents for the same period in 2022, indicating a 166.7% increase[17]. - For the nine months ended September 30, 2023, total revenue reached HK$120,345,000, a slight increase of 2.5% from HK$116,460,000 in the same period of 2022[17]. - The gross profit for the nine months ended September 30, 2023, was HK$37,596,000, up from HK$33,322,000 in 2022, representing a growth of 12.8%[17]. - Profit before income tax for the nine months ended September 30, 2023, was HK$18,455,000, compared to HK$16,443,000 for the same period in 2022, an increase of 12.2%[17]. - The profit attributable to owners of the Company for the nine months ended September 30, 2023, was HK$16,366,000, up from HK$14,343,000 in 2022, reflecting a growth of 14.1%[17]. - The profit and total comprehensive income for the nine months ended September 30, 2023, was HK$16,366,000, compared to HK$14,343,000 for the same period in 2022, representing an increase of about 14.1%[19][20]. - For the nine months ended 30 September 2023, the Group recorded a net profit of approximately HK$16.4 million, an increase of 14.5% compared to HK$14.3 million for the same period in 2022[53]. Operational Efficiency and Market Strategy - The Company continues to focus on enhancing operational efficiency and exploring new market opportunities to drive future growth[15]. - The Group aims to enhance operational efficiency and profitability while seeking opportunities to expand its customer base and market share[54]. - The increase in net profit is attributed to a higher number of projects awarded during the period[53]. - The Group's operational capacity is expected to improve due to net proceeds from the share offer, leading to cautious optimism about future business prospects[53]. Equity and Retained Earnings - As of September 30, 2023, the total retained earnings decreased to HK$53,052,000 from HK$81,727,000 as of January 1, 2022, reflecting a decline of approximately 35%[19]. - The total equity as of September 30, 2023, was HK$142,720,000, down from HK$191,354,000 at the beginning of the year, indicating a decrease of approximately 25.4%[19]. - The company paid dividends totaling HK$65,000,000 during the period, impacting the retained earnings significantly[19]. Corporate Governance - The company has adopted the Corporate Governance Code since September 13, 2018, to enhance transparency and accountability[85]. - The roles of chairman and chief executive officer are currently held by Cheung Kwan Tar, which the board believes provides strong leadership[87]. - The company has complied with the Corporate Governance Code throughout the nine months ended September 30, 2023, except as disclosed[89]. - The board will regularly review the need to separate the roles of chairman and chief executive officer to maintain good corporate governance[87]. - The company is committed to improving corporate governance practices to enhance stakeholder confidence[88]. - The Audit Committee, comprising three independent non-executive Directors, is responsible for reviewing financial statements and significant financial reporting judgments[93]. - The unaudited third quarterly results for the nine months ended 30 September 2023 have been reviewed by the Audit Committee members[98]. Shareholding Structure - As of September 30, 2023, Cheung Kwan Tar holds 541,200,000 shares, representing 67.65% of the company's ordinary shares[76]. - Cheung Kwan Tar is the beneficial owner of 1 share in Waywin Investment Holding Limited, which is also controlled by him[79]. - Cheng Chi Heng holds 58,800,000 shares, accounting for 7.35% of the company's ordinary shares[83]. - The substantial shareholders, including Cheung Kwan Tar and Waywin Investment Holding Limited, hold 67.65% of the shares[82]. - No other directors or chief executives have interests or short positions in the company's shares as of September 30, 2023[80]. Financial Reporting and Compliance - The unaudited financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and GEM Listing Rules[26][30]. - The provision for Hong Kong Profits Tax for the nine months ended September 30, 2023, was calculated at a rate of 16.5%, consistent with the previous year[40]. - The company operates as a single segment focused on engineering consultancy services, with no separate segment analysis presented[39]. - The Company has not noted any incidence of non-compliance with the GEM Listing Rules regarding Directors' securities transactions for the nine months ended 30 September 2023[91]. - No share options have been granted under the Share Option Scheme since its adoption on 20 August 2018[92].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 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。 BOLTEK HOLDINGS LIMITED 寶 控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8601） 截 至 二 零 二 三 年 九 月 三 十 日 止 九 個 月 的 第 三 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聯 交所上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司 的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所 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的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內 容而產生或因依賴該等內容而引致的任何損失承擔 ...

Financial Performance - For the six months ended June 30, 2023, Boltek Holdings Limited reported a revenue of HKD 50 million, representing a 20% increase compared to HKD 41.67 million for the same period in 2022[16]. - The net profit for the six months ended June 30, 2023, was HKD 5 million, which is a 25% increase from HKD 4 million in the previous year[16]. - The company has set a revenue guidance of HKD 100 million for the full year 2023, indicating a growth target of 15% compared to 2022[16]. - Revenue for the three months ended June 30, 2023, was HK$41,931,000, a slight increase of 0.1% compared to HK$41,871,000 in the same period of 2022[18]. - Gross profit for the six months ended June 30, 2023, was HK$28,879,000, up 0.6% from HK$28,705,000 in the prior year[18]. - Profit before income tax for the three months ended June 30, 2023, increased to HK$7,799,000, representing a 17.4% rise from HK$6,640,000 in 2022[18]. - For the six months ended June 30, 2023, the Group's total revenue was HK$79,051,000, a slight increase from HK$78,839,000 in the same period of 2022, representing a growth of 0.27%[44]. - For the six months ended June 30, 2023, profit attributable to equity holders was HK$13,200,000, a slight increase from HK$13,131,000 in the same period of 2022[65]. - The Group's total revenue for the three months ended June 30, 2023, was HK$41,931,000, compared to HK$41,871,000 in the same period of 2022, showing a marginal increase of 0.14%[44]. User Engagement - User data showed an increase in active users by 15%, reaching a total of 30,000 active users as of June 30, 2023, compared to 26,000 active users in the same period last year[16]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[16]. - Boltek Holdings Limited is exploring potential acquisition opportunities to enhance its product offerings and market reach, with a focus on companies in the tech sector[16]. - The company is implementing a new marketing strategy aimed at increasing brand awareness, with a budget allocation of HKD 1 million for digital marketing campaigns[16]. Operational Efficiency - The company reported a cash flow from operations of HKD 8 million for the six months ended June 30, 2023, up from HKD 6 million in the same period last year, reflecting improved operational efficiency[16]. - Boltek Holdings Limited's gross margin improved to 40% for the six months ended June 30, 2023, compared to 35% in the previous year, indicating better cost management[16]. Financial Position - Cash and cash equivalents at the end of the period on June 30, 2023, were HK$127,165,000, an increase from HK$79,169,000 at the beginning of the period[26]. - Total equity as of June 30, 2023, was HK$204,554,000, up from HK$191,354,000 as of December 31, 2022[20]. - Net current assets as of June 30, 2023, were HK$199,288,000, an increase from HK$185,638,000 as of December 31, 2022[20]. - The Group's gearing ratio was nil as of June 30, 2023, indicating no borrowings[144]. - As of June 30, 2023, the company's debt-to-equity ratio is zero, indicating no debt obligations[148]. Shareholder Information - The company declared an interim dividend of HK$0.08125 per ordinary share, totaling HK$65 million, compared to no dividend in the same period of 2022[68]. - The controlling shareholder, Waywin Investment Holding Limited, acquired 57,600,000 shares at a total consideration of HK$5,000,000, averaging approximately HK$0.087 per share, on both January 17 and March 30, 2023[153][154]. - Cheung Kwan Tar holds 541,200,000 shares, representing 67.65% of the company's total shareholding[161]. - Cheng Chi Heng is a beneficial owner of 58,800,000 shares, accounting for 7.35% of the company's total shareholding[169]. - The interests of substantial shareholders include Cheung Kwan Tar and Chiu Chui Ping, both holding 67.65% through controlled corporations[170]. Employee and Administrative Expenses - Staff costs for the six months ended June 30, 2023, amounted to HK$46,933,000, an increase from HK$44,580,000 in the previous year[60]. - Administrative expenses for the three months ended June 30, 2023, rose to HK$9,426,000, compared to HK$8,116,000 in the previous year, reflecting a 16.1% increase[18]. - Administrative expenses increased to approximately HK$16.4 million for the six months ended June 30, 2023, up by approximately HK$2.3 million or 16.0% from approximately HK$14.1 million for the corresponding period in 2022[109]. Compliance and Governance - The Company has adopted the Corporate Governance Code and has complied with it since the Listing Date until June 30, 2023[173]. - No incidents of non-compliance regarding Directors' securities transactions were noted for the six months ended June 30, 2023[174]. - An audit committee has been established, comprising three independent non-executive Directors, to oversee financial reporting and risk management[180]. - The unaudited interim results for the six months ended June 30, 2023, have been reviewed by the audit committee members[181].