期内收益同比增加，乃主要由于本期间获授项目增加所致。 宝燵控股(08601)发布截至2025年6月30日止六个月业绩，收益8994万港元，同比增长1.3%;净利润1345.8 万港元，同比增长11.6%;每股基本盈利1.68港仙。 ...

EF001 EF001 免責聲明 | 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的任何損失承擔任何責任。 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 寶燵控股有限公司 | | 股份代號 | 08601 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2025年6月30日止六個月之中期股息及暫停辦理股份過戶登記手續 | | 公告日期 | 2025年8月8日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.0125 HKD | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.0125 HKD | | ...

Interim Results Announcement This announcement presents the unaudited interim results of Potent Holdings Limited for the six months ended June 30, 2025, with its shares listed on GEM of the Hong Kong Stock Exchange[2](index=2&type=chunk)[3](index=3&type=chunk) [Unaudited Condensed Consolidated Financial Statements](index=2&type=section&id=Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements of Potent Holdings Limited for the six months ended June 30, 2025, including the statement of profit or loss and other comprehensive income, statement of financial position, statement of changes in equity, and statement of cash flows, with comparative data for the same period in 2024 [Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) This statement details the company's revenue, costs, and profit for the six months ended June 30, 2025, including comparative figures for the prior year Summary of Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | Indicator | Six Months Ended June 30, 2025 (HK$ Thousand) | Six Months Ended June 30, 2024 (HK$ Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 89,940 | 88,811 | 1.3% | | Cost of services | (58,592) | (58,968) | -0.6% | | Gross profit | 31,348 | 29,843 | 5.0% | | Other income | 534 | 1,355 | -60.6% | | Administrative expenses | (15,861) | (17,353) | -8.6% | | Finance costs | (138) | (223) | -38.1% | | Profit before income tax | 15,883 | 13,622 | 16.6% | | Income tax expense | (2,425) | (1,560) | 55.5% | | Profit and total comprehensive income for the period | 13,458 | 12,062 | 11.6% | | Basic and diluted earnings per share (HK cents) | 1.68 | 1.51 | 11.3% | [Unaudited Condensed Consolidated Statement of Financial Position](index=3&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Financial%20Position) This statement provides a snapshot of the company's assets, liabilities, and equity as of June 30, 2025, compared to December 31, 2024 Summary of Condensed Consolidated Statement of Financial Position | Indicator | June 30, 2025 (HK$ Thousand) | December 31, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Non-current assets | 7,417 | 10,377 | | Current assets | 158,008 | 167,638 | | Current liabilities | 20,798 | 27,348 | | Net current assets | 146,840 | 130,660 | | Total assets less current liabilities | 154,257 | 141,037 | | Non-current liabilities | 4,647 | 4,885 | | Total equity | 149,610 | 136,152 | [Unaudited Condensed Consolidated Statement of Changes in Equity](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) This statement outlines the changes in the company's equity components for the six months ended June 30, 2025, including share capital, reserves, and retained earnings Summary of Condensed Consolidated Statement of Changes in Equity | Item | Share Capital (HK$ Thousand) | Capital Reserve (HK$ Thousand) | Share Premium (HK$ Thousand) | Retained Earnings (HK$ Thousand) | Total (HK$ Thousand) | | :--- | :--- | :--- | :--- | :--- | :--- | | Balance at January 1, 2025 (audited) | 8,000 | 17,000 | 64,668 | 46,484 | 136,152 | | Profit and total comprehensive income for the period | – | – | – | 13,458 | 13,458 | | Balance at June 30, 2025 (unaudited) | 8,000 | 17,000 | 64,668 | 59,942 | 149,610 | | **Same period in 2024** | | | | | | | Balance at January 1, 2024 (audited) | 8,000 | 17,000 | 64,668 | 63,429 | 153,097 | | Profit and total comprehensive income for the period | – | – | – | 12,062 | 12,062 | | Balance at June 30, 2024 (unaudited) | 8,000 | 17,000 | 64,668 | 75,491 | 165,159 | [Unaudited Condensed Consolidated Statement of Cash Flows](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) This statement presents the cash flows from operating, investing, and financing activities for the six months ended June 30, 2025, and the impact on cash and cash equivalents Summary of Condensed Consolidated Statement of Cash Flows | Indicator | Six Months Ended June 30, 2025 (HK$ Thousand) | Six Months Ended June 30, 2024 (HK$ Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Net cash from operating activities | 6,531 | 6,201 | 5.3% | | Net cash used in investing activities | (177) | (405) | -56.3% | | Net cash used in financing activities | (2,189) | (1,801) | 21.5% | | Increase in cash and cash equivalents | 4,165 | 3,995 | 4.3% | | Cash and cash equivalents at beginning of period | 36,542 | 67,547 | -45.9% | | Cash and cash equivalents at end of period | 40,707 | 71,542 | -43.1% | [Notes to the Unaudited Condensed Consolidated Financial Statements](index=6&type=section&id=Notes%20to%20the%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed notes to the condensed consolidated financial statements, covering company information, accounting policies, and explanations for financial line items [1. Company Information](index=6&type=section&id=1.%20Company%20Information) This section provides essential details about the company's incorporation, listing, principal activities, and ultimate controlling shareholder - Potent Holdings Limited was incorporated in the Cayman Islands on April 18, 2018, and listed on GEM of the Hong Kong Stock Exchange on September 13, 2018[8](index=8&type=chunk) - The Group's principal activities are providing engineering design, landscape architecture, and consultancy services in Hong Kong[8](index=8&type=chunk) - The Company's ultimate controlling shareholder is Mr Cheung Kwan Tat[9](index=9&type=chunk) [2. Basis of Preparation and Reorganisation](index=6&type=section&id=2.%20Basis%20of%20Preparation%20and%20Reorganisation) This section outlines the accounting standards used for preparing the unaudited condensed consolidated financial statements and confirms consistency with prior annual reports - The unaudited condensed consolidated financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and presented in Hong Kong dollars, with all amounts rounded to the nearest thousand[10](index=10&type=chunk) - The accounting policies adopted in this period are consistent with those used in the preparation of the annual report[11](index=11&type=chunk) [3. Revenue and Other Income](index=7&type=section&id=3.%20Revenue%20and%20Other%20Income) This section details the breakdown of the Group's revenue by service nature and other income sources, along with their respective changes [3.1 Revenue](index=7&type=section&id=3.1%20Revenue) This subsection provides a detailed classification of revenue by service type and the expected timing for recognizing remaining performance obligations Revenue by Service Nature | Service Type | Six Months Ended June 30, 2025 (HK$ Thousand) | Six Months Ended June 30, 2024 (HK$ Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Civil engineering | 71,182 | 69,512 | 2.4% | | Traffic engineering | 11,558 | 12,390 | -6.8% | | Building engineering | 2,888 | 3,015 | -4.1% | | Landscape architecture | 2,720 | 2,887 | -5.8% | | Other ancillary services | 1,592 | 1,007 | 58.1% | | **Total Revenue** | **89,940** | **88,811** | **1.3%** | Expected Timing for Recognition of Remaining Performance Obligations | Expected Recognition Date | As of June 30, 2025 (HK$ Thousand) | | :--- | :--- | | Year ending June 30, 2026 | 180,726 | | Year ending June 30, 2027 | 81,778 | | After June 30, 2027 | 30,437 | | **Total** | **292,941** | [3.2 Other Income](index=8&type=section&id=3.2%20Other%20Income) This subsection details the components of other income, including bank interest and government subsidies, and explains the reasons for their changes Details of Other Income | Item | Six Months Ended June 30, 2025 (HK$ Thousand) | Six Months Ended June 30, 2024 (HK$ Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Bank interest income | 263 | 681 | -61.4% | | Government subsidies | 258 | 674 | -61.7% | | Miscellaneous income | 13 | – | N/A | | **Total** | **534** | **1,355** | **-60.6%** | - Government subsidies primarily originate from the Vocational Training Council and Construction Industry Council in Hong Kong, supporting on-the-job training for trainee engineers and interns[16](index=16&type=chunk) [4. Segment Information](index=8&type=section&id=4.%20Segment%20Information) This section explains the Group's approach to segment reporting, noting its single operating segment and primary geographical focus [Segment Information](index=8&type=section&id=Segment%20Information) The Group operates as a single segment, providing engineering design, landscape architecture, and consultancy services - The Group considers its business of providing engineering design, landscape architecture, and consultancy services as a single operating segment, thus no segment analysis is presented[17](index=17&type=chunk) [Geographical Information](index=8&type=section&id=Geographical%20Information) Due to the concentration of revenue and non-current assets in Hong Kong, no geographical segment information is presented - As the Group's revenue and non-current assets are primarily concentrated in Hong Kong, no geographical segment information is presented[18](index=18&type=chunk) [5. Profit Before Income Tax](index=9&type=section&id=5.%20Profit%20Before%20Income%20Tax) This section details the components contributing to profit before income tax, including staff costs, depreciation, and other operating expenses Components of Profit Before Income Tax | Item | Six Months Ended June 30, 2025 (HK$ Thousand) | Six Months Ended June 30, 2024 (HK$ Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Staff costs (including Directors' emoluments) | 57,643 | 55,969 | 3.0% | | Depreciation (owned assets) | 776 | 892 | -13.0% | | Depreciation (right-of-use assets) | 2,159 | 2,001 | 7.9% | | Sub-consultancy fees | 4,885 | 7,232 | -32.4% | | Auditor's remuneration | 415 | 400 | 3.8% | | Operating lease expenses in respect of leased properties | 974 | 1,157 | -15.8% | [6. Income Tax Expense](index=10&type=section&id=6.%20Income%20Tax%20Expense) This section provides a breakdown of income tax expense, including current and deferred tax, and explains the applicable tax rates Details of Income Tax Expense | Item | Six Months Ended June 30, 2025 (HK$ Thousand) | Six Months Ended June 30, 2024 (HK$ Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Current tax – Hong Kong Profits Tax | 2,329 | 1,724 | 35.1% | | Deferred income tax | 95 | (164) | N/A | | **Total Income Tax Expense** | **2,424** | **1,560** | **55.4%** | - Hong Kong Profits Tax provision is calculated at **16.5%**, with the first **HK$2 million** of assessable profits for eligible entities taxed at **8.25%**[20](index=20&type=chunk) [7. Earnings Per Share](index=10&type=section&id=7.%20Earnings%20Per%20Share) This section details the calculation of basic and diluted earnings per share, based on the profit attributable to equity holders and the number of ordinary shares Earnings Per Share Calculation | Indicator | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | Change (%) | | :--- | :--- | :--- | :--- | | Profit for the period attributable to owners of the Company (HK$ Thousand) | 13,458 | 12,062 | 11.6% | | Number of ordinary shares (Thousand shares) | 800,000 | 800,000 | 0.0% | | **Basic Earnings Per Share (HK cents)** | **1.68** | **1.51** | **11.3%** | - Diluted earnings per share are the same as basic earnings per share due to the absence of potential dilutive ordinary shares[22](index=22&type=chunk) [8. Dividends](index=10&type=section&id=8.%20Dividends) This section announces the interim dividend declared by the Board and highlights the significant reduction compared to the prior year - The Board declared an interim dividend of **HK$0.0125 per ordinary share** for 2025, totaling **HK$10 million**, a significant decrease from **HK$45 million** in the same period of 2024[23](index=23&type=chunk) [9. Trade and Other Receivables](index=11&type=section&id=9.%20Trade%20and%20Other%20Receivables) This section provides a detailed breakdown and aging analysis of trade and other receivables, along with the Group's credit policy Details of Trade and Other Receivables | Item | June 30, 2025 (HK$ Thousand) | December 31, 2024 (HK$ Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Trade receivables (net of allowance) | 78,775 | 69,081 | 14.0% | | Other receivables | 14,355 | 16,115 | -10.9% | | Prepayments | 2,616 | 1,472 | 77.7% | | Utility and other deposits | 344 | 349 | -1.4% | | **Total** | **96,090** | **87,017** | **10.4%** | - The Group typically grants credit terms of **0 to 60 days** to its customers[25](index=25&type=chunk) Aging Analysis of Trade Receivables | Aging | June 30, 2025 (HK$ Thousand) | December 31, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | 0 to 30 days | 17,378 | 18,478 | | 31 to 60 days | 12,057 | 13,208 | | 61 to 90 days | 7,688 | 7,391 | | 91 to 365 days | 26,024 | 19,753 | | Over 365 days | 15,628 | 10,251 | | **Total** | **78,775** | **69,081** | - Other receivables primarily represent salaries and medical insurance for on-site staff fully reimbursed by Hong Kong SAR government agencies[27](index=27&type=chunk) [10. Trade and Other Payables](index=12&type=section&id=10.%20Trade%20and%20Other%20Payables) This section presents the breakdown and aging analysis of trade and other payables, along with the credit terms granted by suppliers Details of Trade and Other Payables | Item | June 30, 2025 (HK$ Thousand) | December 31, 2024 (HK$ Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Trade payables | 1,921 | 5,055 | -62.0% | | Accruals and other payables | 13,162 | 15,618 | -15.8% | | **Total** | **15,083** | **20,673** | **-27.1%** | - Suppliers generally grant the Group credit terms of **0 to 30 days**[28](index=28&type=chunk) Aging Analysis of Trade Payables | Aging | June 30, 2025 (HK$ Thousand) | December 31, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | 0 to 30 days | 993 | 3,298 | | 31 to 60 days | 158 | 404 | | 61 to 90 days | 44 | 200 | | 91 to 365 days | – | 609 | | Over 365 days | 726 | 544 | | **Total** | **1,921** | **5,055** | [11. Share Capital](index=13&type=section&id=11.%20Share%20Capital) This section outlines the company's share capital structure, including authorized and issued share capital Share Capital Structure | Item | Number of Shares | Amount (HK$ Thousand) | | :--- | :--- | :--- | | Authorized share capital (ordinary shares of HK$0.01 par value each) | 1,500,000,000 | 15,000 | | Issued and fully paid share capital | 800,000 | 8,000 | [12. Reserves](index=13&type=section&id=12.%20Reserves) This section describes the nature and purpose of the company's capital reserves and share premium [Capital Reserve](index=13&type=section&id=Capital%20Reserve) Capital reserve represents the difference between the nominal value of shares acquired in subsidiaries and the nominal value of shares issued during reorganisation - Capital reserve represents the difference between the nominal value of share capital of subsidiaries acquired and the nominal value of the Company's shares issued during reorganisation[31](index=31&type=chunk) [Share Premium](index=13&type=section&id=Share%20Premium) Share premium includes the difference between the nominal value of the company's shares and the net proceeds from share issuance, usable for distributions or dividends under certain conditions - Share premium includes the difference between the nominal value of the Company's shares and the net proceeds from share issuance, which can be used for distributions or dividends to shareholders, subject to the Company's ability to pay its debts as they fall due[32](index=32&type=chunk) [Management Discussion and Analysis](index=14&type=section&id=Management%20Discussion%20and%20Analysis) This section discusses the Group's business development, financial performance, liquidity, employee policies, and risk management strategies for the six months ended June 30, 2025, maintaining a cautious optimistic outlook [Business Development and Prospects](index=14&type=section&id=Business%20Development%20and%20Prospects) This section outlines the Group's core business as a Hong Kong engineering consultant, highlights profit growth, and expresses a cautious optimistic outlook for future operational efficiency and market expansion - The Group is a Hong Kong engineering consultant focused on infrastructure development[33](index=33&type=chunk) - Net profit for the period was approximately **HK$13.5 million**, an increase from **HK$12.1 million** in the same period last year, primarily due to increased project tender invitations and cost-saving measures[33](index=33&type=chunk) - The Board remains cautiously optimistic about business prospects, committed to enhancing operational efficiency, profitability, and expanding its client base and market share[33](index=33&type=chunk)[34](index=34&type=chunk) [Financial Review](index=14&type=section&id=Financial%20Review) This section provides a detailed review of the Group's financial performance, including revenue, costs, profit, and tax expenses, for the reporting period [Revenue](index=14&type=section&id=Revenue) Revenue increased by HK$1.1 million or 1.3% to HK$89.9 million, primarily due to an increase in projects awarded during the period - Revenue increased by **HK$1.1 million** or **1.3%** to **HK$89.9 million**, primarily due to an increase in projects awarded during the period[35](index=35&type=chunk) [Direct Costs](index=14&type=section&id=Direct%20Costs) Direct costs remained stable at approximately HK$58.6 million compared to the same period last year - Direct costs were approximately **HK$58.6 million**, remaining stable compared to the same period last year[36](index=36&type=chunk) [Gross Profit](index=14&type=section&id=Gross%20Profit) Gross profit increased by HK$1.5 million or 5.0% to HK$31.3 million, driven by higher revenue and stable direct costs - Gross profit increased by **HK$1.5 million** or **5.0%** to **HK$31.3 million**, primarily due to increased revenue and stable direct costs[37](index=37&type=chunk) [Other Income and Other Gains](index=15&type=section&id=Other%20Income%20and%20Other%20Gains) Other income and other gains decreased by HK$0.8 million or 60.6% to HK$0.5 million, mainly due to lower bank interest income and reduced government subsidies - Other income and other gains decreased by **HK$0.8 million** or **60.6%** to **HK$0.5 million**, primarily due to lower bank interest income resulting from decreased interest rates and reduced government subsidies[38](index=38&type=chunk) [Administrative Expenses](index=15&type=section&id=Administrative%20Expenses) Administrative expenses decreased by HK$1.5 million or 8.6% to HK$15.9 million, mainly due to cost-saving measures implemented after the acquisition of Geo-Environmental Consultants Limited - Administrative expenses decreased by **HK$1.5 million** or **8.6%** to **HK$15.9 million**, primarily due to cost-saving measures implemented following the acquisition of Geo-Environmental Consultants Limited[39](index=39&type=chunk) [Income Tax Expense](index=15&type=section&id=Income%20Tax%20Expense) Income tax expense increased by HK$0.9 million or 55.5% to HK$2.4 million, primarily due to higher assessable profits during the period - Income tax expense increased by **HK$0.9 million** or **55.5%** to **HK$2.4 million**, primarily due to an increase in assessable profits for the period[40](index=40&type=chunk) [Dividends](index=15&type=section&id=Dividends) The Board resolved to declare an interim dividend of HK$0.0125 per ordinary share, payable on or around September 30, 2025 - The Board resolved to declare an interim dividend of **HK$0.0125 per ordinary share**, payable on or around September 30, 2025[41](index=41&type=chunk) [Closure of Register of Members](index=15&type=section&id=Closure%20of%20Register%20of%20Members) The register of members will be closed from August 25 to August 27, 2025, to determine eligibility for the interim dividend - To determine eligibility for the interim dividend, the register of members will be closed from **August 25 to August 27, 2025**[42](index=42&type=chunk) [Liquidity and Financial Resources](index=16&type=section&id=Liquidity%20and%20Financial%20Resources) This section discusses the Group's liquidity position, including cash and cash equivalents, net current assets, total equity, and treasury policies - The Group primarily funds its operations through cash generated from operating activities[43](index=43&type=chunk) [Cash and Cash Equivalents and Time Deposits](index=16&type=section&id=Cash%20and%20Cash%20Equivalents%20and%20Time%20Deposits) Cash and bank balances increased to approximately HK$40.7 million as of June 30, 2025, from HK$36.5 million at December 31, 2024 - As of June 30, 2025, cash and bank balances were approximately **HK$40.7 million**, an increase from **HK$36.5 million** as of December 31, 2024[44](index=44&type=chunk) [Net Current Assets](index=16&type=section&id=Net%20Current%20Assets) Net current assets increased to approximately HK$146.8 million as of June 30, 2025, from HK$130.7 million at December 31, 2024 - As of June 30, 2025, net current assets were approximately **HK$146.8 million**, an increase from **HK$130.7 million** as of December 31, 2024[45](index=45&type=chunk) [Total Equity](index=16&type=section&id=Total%20Equity) Total equity attributable to owners of the Company increased to approximately HK$149.6 million as of June 30, 2025, from HK$136.2 million at December 31, 2024 - As of June 30, 2025, total equity attributable to owners of the Company was approximately **HK$149.6 million**, an increase from **HK$136.2 million** as of December 31, 2024[46](index=46&type=chunk) [Capital Structure](index=16&type=section&id=Capital%20Structure) There were no changes in the Group's capital structure during the period or up to the announcement date - There were no changes in the Group's capital structure during the period and up to the date of this announcement[47](index=47&type=chunk) [Treasury Policy](index=16&type=section&id=Treasury%20Policy) The Group adopts a prudent treasury policy, maintaining a sound liquidity position and managing credit risk through continuous credit assessments - The Group adopts a prudent treasury policy, maintaining a sound liquidity position and managing credit risk through continuous credit assessments[48](index=48&type=chunk) [Contingent Liabilities](index=16&type=section&id=Contingent%20Liabilities) As of June 30, 2025, the Group had no contingent liabilities - As of June 30, 2025, the Group had no contingent liabilities[49](index=49&type=chunk) [Employees and Remuneration Policy](index=16&type=section&id=Employees%20and%20Remuneration%20Policy) This section details the Group's employee count, commitment to attractive remuneration and a fair work environment, and the stock option scheme for talent retention - As of June 30, 2025, the Group had **481 employees**, an increase from **473** as of December 31, 2024[50](index=50&type=chunk) - The Group is committed to providing attractive remuneration packages and a fair and harmonious working environment, regularly reviewing its human resources policies to comply with laws and regulations[51](index=51&type=chunk) - The Company adopted a share option scheme in **2018** to incentivize, attract, and retain outstanding employees[51](index=51&type=chunk) [Material Investments, Acquisitions or Disposals of Subsidiaries, Associates and Joint Ventures](index=17&type=section&id=Material%20Investments%2C%20Acquisitions%20or%20Disposals%20of%20Subsidiaries%2C%20Associates%20and%20Joint%20Ventures) During the six months ended June 30, 2025, the Group did not undertake any material investments, acquisitions, or disposals - For the six months ended June 30, 2025, the Group did not make any material investments, acquisitions, or disposals[52](index=52&type=chunk) [Capital Risk Management and Financial Risk Management](index=17&type=section&id=Capital%20Risk%20Management%20and%20Financial%20Risk%20Management) This section details the Group's strategies for managing capital and financial risks, including capital structure optimization, gearing ratio, and foreign exchange exposure [Capital Management](index=17&type=section&id=Capital%20Management) The Group manages capital to ensure continuous operation and maximize shareholder returns by optimizing the balance between debt and equity - The Group manages capital to ensure continuous operation and maximize returns for shareholders by optimizing the balance between debt and equity[53](index=53&type=chunk) [Gearing Ratio](index=17&type=section&id=Gearing%20Ratio) As of June 30, 2025, the Group's gearing ratio was zero - As of June 30, 2025, the Group's gearing ratio was **zero**[54](index=54&type=chunk) [Foreign Exchange Risk](index=17&type=section&id=Foreign%20Exchange%20Risk) All the Group's assets, liabilities, and transactions are denominated in Hong Kong dollars, indicating no significant foreign exchange risk and thus no hedging instruments are used - All the Group's assets, liabilities, and transactions are denominated in Hong Kong dollars, and the Directors believe there is no significant foreign exchange risk, thus no hedging instruments are employed[55](index=55&type=chunk) [Other Information](index=18&type=section&id=Other%20Information) This section covers various disclosures including competition, securities trading, GEM Listing Rules compliance, directors' and major shareholders' interests, corporate governance, and audit committee operations [Competition and Conflicts of Interest](index=18&type=section&id=Competition%20and%20Conflicts%20of%20Interest) During the period, no directors, controlling shareholders, or their close associates engaged in competing businesses or had other conflicts of interest with the Group - During the period, none of the Directors, controlling shareholders, or their close associates engaged in any business that competes or may compete with the Group's business, nor did any other conflicts of interest arise[56](index=56&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=18&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company%27s%20Listed%20Securities) Neither the Company nor its subsidiaries purchased, sold, or redeemed any of the Company's listed securities during the period - During the period, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities[57](index=57&type=chunk) [Disclosure Obligations under GEM Listing Rules](index=18&type=section&id=Disclosure%20Obligations%20under%20GEM%20Listing%20Rules) The Company has no other disclosure obligations under Rules 17.22, 17.23, and 17.24 of the GEM Listing Rules - The Company has no other disclosure obligations under Rules 17.22, 17.23, and 17.24 of the GEM Listing Rules[58](index=58&type=chunk) [Disclosure of Interests and Other Information](index=18&type=section&id=Disclosure%20of%20Interests%20and%20Other%20Information) This section details the interests and short positions of directors, chief executives, and substantial shareholders in the Company's shares and underlying shares [Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares or Debentures of the Company and its Associated Corporations](index=18&type=section&id=Directors%27%20and%20Chief%20Executive%27s%20Interests%20and%20Short%20Positions%20in%20Shares%2C%20Underlying%20Shares%20or%20Debentures%20of%20the%20Company%20and%20its%20Associated%20Corporations) This subsection details the long positions held by directors in the Company's ordinary shares, including interests through controlled corporations Directors' Long Positions in Ordinary Shares of the Company | Director's Name | Nature of Interest | Number of Shares Held | Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Cheung Kwan Tat | Interest in controlled corporation | 576,000,000 | 72.00% | | Ng Pak Hung | Beneficial owner | 24,000,000 | 3.00% | - Mr Cheung Kwan Tat's interest is held through his controlled corporation, Wai Wing Investment Holdings Limited[59](index=59&type=chunk) - Save as disclosed above, no other Directors or chief executives had any interests or short positions in the shares of the Company or its associated corporations[62](index=62&type=chunk) [Interests and Short Positions of Substantial Shareholders and Other Persons in the Shares and Underlying Shares of the Company](index=19&type=section&id=Interests%20and%20Short%20Positions%20of%20Substantial%20Shareholders%20and%20Other%20Persons%20in%20the%20Shares%20and%20Underlying%20Shares%20of%20the%20Company) This subsection details the long positions held by substantial shareholders and other persons in the Company's ordinary shares, including deemed interests Substantial Shareholders' Long Positions in Ordinary Shares of the Company | Substantial Shareholder's Name/Name | Nature of Interest | Number of Shares Held | Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Cheung Kwan Tat | Interest in controlled corporation | 576,000,000 | 72.00% | | Chiu Chui Ping | Spouse's interest | 576,000,000 | 72.00% | | Wai Wing Investment Holdings Limited | Beneficial owner | 576,000,000 | 72.00% | - Ms Chiu Chui Ping is deemed to be interested in the Company's shares through the interest of her spouse, Mr Cheung Kwan Tat[63](index=63&type=chunk) - Save as disclosed above, the Company is not aware of any other persons who had interests or short positions of **5% or more** in the Company's shares[64](index=64&type=chunk) [Corporate Governance Practices](index=20&type=section&id=Corporate%20Governance%20Practices) This section outlines the Company's commitment to high corporate governance standards, including a deviation from the Code Provision C.2.1 regarding the roles of Chairman and CEO - The Company is committed to maintaining high standards of corporate governance, based on the Corporate Governance Code set out in Appendix C1 Part 2 of the GEM Listing Rules[65](index=65&type=chunk) - The Company deviates from Code Provision C.2.1 of the Corporate Governance Code, with Mr Cheung Kwan Tat serving concurrently as Chairman and Chief Executive Officer, an arrangement the Board believes facilitates business strategy execution and provides strong leadership without compromising the balance of power[66](index=66&type=chunk) - The Board will regularly review the effectiveness of this arrangement and consider separating the roles of Chairman and Chief Executive Officer when appropriate[67](index=67&type=chunk) [Directors' Securities Transactions](index=21&type=section&id=Directors%27%20Securities%20Transactions) The Company adopted the Model Code for Securities Transactions by Directors of Listed Issuers, and all directors confirmed full compliance during the period - The Company has adopted Rules 5.48 to 5.67 of the GEM Listing Rules as the code of conduct for Directors' securities transactions, and all Directors have confirmed full compliance during the period[68](index=68&type=chunk) [Share Option Scheme](index=21&type=section&id=Share%20Option%20Scheme) The Company adopted a share option scheme in 2018, revised in 2022, but no options have been granted since its adoption - The Company adopted a share option scheme on **August 20, 2018**, and revised it on **December 30, 2022**, but no share options have been granted thereunder since its adoption[69](index=69&type=chunk) [Audit Committee](index=21&type=section&id=Audit%20Committee) The Audit Committee has been established to advise on external auditors, review financial statements, and assess financial, internal control, and risk management systems - The Audit Committee has been established, with responsibilities including advising on external auditors, reviewing financial statements, and assessing financial controls, internal controls, and risk management systems[70](index=70&type=chunk) - The unaudited interim results for the period have been reviewed by the Audit Committee members, who provided advice and opinions[70](index=70&type=chunk) [Significant Events After Reporting Period](index=22&type=section&id=Significant%20Events%20After%20Reporting%20Period) As of the announcement date, the Directors are not aware of any other significant events related to the Group's business or financial performance - As of the date of this announcement, the Directors are not aware of any other significant events related to the Group's business or financial performance[71](index=71&type=chunk) [Board Information and Website Publication](index=22&type=section&id=Board%20Information%20and%20Website%20Publication) This announcement will be published on the HKEX and Company websites for at least seven days, listing the executive and independent non-executive directors - This announcement will be published on the HKEX website and the Company's website for at least **seven days**[72](index=72&type=chunk) - As of the date of this announcement, the executive Directors are Mr Cheung Kwan Tat and Mr Ng Pak Hung, and the independent non-executive Directors are Ms Chik Wai Chun, Mr Pang Chun Sing, and Mr Chan Kai Kau[71](index=71&type=chunk)

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]