Financial Performance - For the nine months ended December 31, 2023, the group's revenue was approximately HKD 127.2 million, a decrease of about 24.6% compared to HKD 168.6 million for the same period in 2022[8] - Gross profit for the nine months ended December 31, 2023, was approximately HKD 38.7 million, down approximately 6.5% from HKD 41.4 million in the same period of 2022[8] - Net profit decreased from approximately HKD 3.0 million for the nine months ended December 31, 2022, to approximately HKD 0.2 million for the same period in 2023[8] - Basic and diluted earnings per share for the nine months ended December 31, 2023, were approximately HKD 0.02, compared to HKD 0.30 for the same period in 2022[8] - The total comprehensive income for the nine months ended December 31, 2023, was HKD 240,000, down from HKD 3.0 million in the same period of 2022[9] - The company reported a pre-tax profit of HKD 1.2 million for the nine months ended December 31, 2023, compared to HKD 5.6 million for the same period in 2022[9] - Profit attributable to owners of the company decreased from approximately HKD 3.0 million for the nine months ended December 31, 2022, to approximately HKD 0.2 million for the nine months ended December 31, 2023[45] Revenue Breakdown - Revenue from residential buildings for the nine months was HKD 24,102,000, down 6.3% from HKD 25,718,000 in 2022[18] - Revenue from community facilities decreased by 22.8% to HKD 44,753,000 from HKD 57,998,000 year-on-year[18] - Revenue from construction protection engineering was HKD 92.6 million for the nine months ended December 31, 2023, down from HKD 123.8 million in the previous year, primarily due to a decrease in the number of projects undertaken[33] - Revenue from the supply of construction protection products decreased from HKD 44.8 million to HKD 34.6 million, with a significant drop in demand for tiles and flooring products[36] Expenses and Costs - The group's administrative expenses for the nine months ended December 31, 2023, were approximately HKD 31.7 million, compared to HKD 30.6 million for the same period in 2022[9] - Total finance costs for the nine months were HKD 1,117,000, an increase of 99.6% from HKD 560,000 in 2022[22] - The total employee costs for the nine months were HKD 32,393,000, a slight decrease of 3.4% from HKD 33,549,000 in 2022[24] - The company incurred a loss of HKD 173,000 from the disposal of property and equipment during the nine months, compared to a loss of HKD 141,000 in the previous year[21] - The company’s bank loan interest expense for the nine months was HKD 1,029,000, an increase of 116.8% from HKD 475,000 in 2022[22] - Financial costs increased from approximately HKD 560,000 for the nine months ended December 31, 2022, to approximately HKD 1.1 million for the nine months ended December 31, 2023, representing an increase of about HKD 540,000 or 96.4%[42] Dividends and Shareholder Returns - The board of directors did not recommend any dividend for the nine months ended December 31, 2023, consistent with the previous year[8] - The company did not declare any dividends for the nine months ended December 31, 2023, consistent with the previous year[28] - The company has not issued, agreed to issue, exercised, or canceled any stock options since its listing date[63] Other Income and Subsidies - The company did not recognize any government subsidies for the nine months, compared to HKD 1,194,000 in the previous year[20] - The company's total other income for the nine months was HKD 202,000, a significant decrease from HKD 1,401,000 in 2022[20] - Other income decreased from approximately HKD 1.4 million to HKD 202,000, primarily due to the absence of government subsidies[39] Corporate Governance and Compliance - The company has complied with the corporate governance code, except for the separation of roles between the Chairman and CEO[66] - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ending December 31, 2023, confirming compliance with applicable accounting standards[68] Future Plans and Strategies - The planned use of net proceeds includes approximately HKD 2.1 million for purchasing additional machinery and equipment, HKD 6.3 million for expanding manpower, and HKD 6.7 million for strengthening the group's financial position[48] - The group will continue to review its asset structure and business strategies in light of current economic uncertainties and challenges, aiming to control costs and improve efficiency[51] - The company aims to expand its workforce and secure more construction protection projects in Hong Kong to strengthen its market position[51] Environmental Compliance - The group is committed to enhancing environmental protection and ensuring compliance with applicable environmental laws and regulations[52][53] - As of the report date, there were no prosecutions, fines, or penalties against the group for violations of applicable environmental laws or regulations[53] Shareholding Structure - As of December 31, 2023, Ultra Success holds 750,000,000 shares, representing 75% of the company's equity[61] Project and Revenue Confirmation - The total number of projects confirmed for revenue decreased from 334 to 321, with a notable reduction in smaller projects[35] - Sales and service costs decreased from approximately HKD 127.2 million to HKD 88.5 million, a reduction of about HKD 38.7 million or 30.4%[37]

Financial Performance - For the six months ended September 30, 2023, the group's revenue was approximately HKD 87.1 million, a decrease of about 16.8% compared to HKD 104.7 million for the same period in 2022[9]. - The gross profit for the same period was approximately HKD 24.5 million, down about 5.8% from HKD 26.0 million in the previous year[9]. - The net loss for the six months ended September 30, 2023, was approximately HKD 0.3 million, compared to a net profit of HKD 2.3 million for the same period in 2022[9]. - Basic and diluted loss per share for the six months was HKD 0.03, while the previous year reported earnings of HKD 0.23 per share[9]. - For the three months ended September 30, 2023, revenue was HKD 47.4 million, compared to HKD 54.9 million for the same period in 2022, reflecting a decline[10]. - The group reported a pre-tax profit of HKD 47 for the six months ended September 30, 2023, significantly down from HKD 4.3 million in the previous year[10]. - Other income decreased to HKD 158,000 for the six months ended September 30, 2023, from HKD 1.3 million in the previous year[10]. - The company continues to face challenges in maintaining profitability amid declining revenues and increased costs[9]. Assets and Liabilities - As of September 30, 2023, total assets amounted to HKD 207,208,000, an increase from HKD 200,979,000 as of March 31, 2023, reflecting a growth of approximately 3.1%[12]. - The company's inventory increased significantly to HKD 21,144,000 from HKD 12,989,000, representing a rise of about 63.1%[12]. - The net current assets stood at HKD 136,054,000, compared to HKD 134,377,000 as of March 31, 2023, indicating a slight increase of 1.2%[12]. - The total liabilities decreased to HKD 71,154,000 from HKD 66,602,000, reflecting a rise of about 6.5%[12]. - The company's contract assets decreased to HKD 125,449,000 from HKD 135,358,000, indicating a reduction of approximately 7.3%[12]. - The company's total equity as of September 30, 2023, was HKD 187,251,000, slightly down from HKD 187,563,000 as of March 31, 2023[12]. Cash Flow and Financing - The operating cash flow for the six months ended September 30, 2023, was HKD 13,001,000, a substantial increase from HKD 1,808,000 in the same period of 2022[16]. - Cash and cash equivalents increased to HKD 40,306,000 from HKD 29,436,000, marking a growth of approximately 37.0%[19]. - The company raised new bank loans amounting to HKD 23,500,000 during the reporting period[19]. - The company reported a total finance cost of 786 thousand HKD for the six months ended September 30, 2023, which is a significant increase from 321 thousand HKD in the same period of 2022, reflecting a rise of 144.5%[39]. Revenue Breakdown - Total revenue for the six months ended September 30, 2023, was HKD 87,133,000, a decrease of 16.8% compared to HKD 104,663,000 for the same period in 2022[28]. - Revenue from construction protection works for the six months ended September 30, 2023, was HKD 66,557,000, down 10.5% from HKD 74,438,000 in the previous year[28]. - Revenue from the supply of construction protection products for the six months ended September 30, 2023, was HKD 20,576,000, a decrease of 32.1% compared to HKD 30,225,000 for the same period in 2022[28]. - Revenue from Hong Kong for the six months ended September 30, 2023, was HKD 80,073,000, down 19.9% from HKD 99,878,000 in the previous year[36]. - Revenue from Macau for the six months ended September 30, 2023, increased to HKD 7,060,000, up 47.6% from HKD 4,785,000 in the same period last year[36]. Operational Challenges - The company has not declared any dividends for the six months ended September 30, 2023, consistent with the same period in 2022[44]. - The company recorded interest income from bank deposits of 55 thousand HKD for the six months ended September 30, 2023, significantly up from 6 thousand HKD in the same period of 2022, marking an increase of 816.7%[39]. - The company reported a loss attributable to owners of the company of (312) thousand HKD for the six months ended September 30, 2023, compared to a profit of 2,325 thousand HKD in the same period of 2022[43]. - The company recognized government subsidies of 1,091 thousand HKD for the six months ended September 30, 2022, while no such subsidies were recorded for the same period in 2023[39]. - The company has no significant impairment provisions for other receivables, indicating a negligible probability of default based on the financial background and credibility of counterparties[51]. Corporate Governance and Compliance - The company has adhered to corporate governance practices based on GEM listing rules, except for a deviation regarding the separation of roles between the chairman and CEO[117][118]. - The board of directors has confirmed compliance with the trading standards and code of conduct related to securities trading as of September 30, 2023[119]. - The audit committee was established on March 18, 2020, to oversee the financial reporting process, risk management, and internal control procedures[120]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2023, confirming compliance with applicable accounting standards and GEM listing rules[120].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 Sunray Engineering Group Limited 新 威 工 程 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8616） 截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月 中 期 業 績 公 佈 新威工程集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及 其附屬公司截至二零二三年九月三十日止六個月的未經審核綜合業績。本公佈（載 有本公司截至二零二三年九月三十日止六個月的中期報告（「二零二三年中期報告」） 全文）符合聯交所GEM證券上市規則（「GEM上市規則」）有關中期業績初步公告附 載資料的相關要求。二零二三年中期報告印刷本將以GEM上市規則所規定的方式 於適當時候寄發予本公司股東，並於聯交所網站(www.hkexnews.hk)及本公司網站 (www.sunray.com.hk)可供查閱。 承董事會命 ...

Financial Performance - For the three months ended June 30, 2023, the group's revenue was approximately HKD 39.7 million, a decrease of about 20.3% compared to HKD 49.8 million for the same period in 2022[8]. - The gross profit for the same period was approximately HKD 10.7 million, down about 15.1% from HKD 12.6 million in the previous year[8]. - The net loss for the three months ended June 30, 2023, was approximately HKD 2.3 million, compared to a net profit of HKD 577,000 for the same period in 2022[8]. - Basic and diluted loss per share for the period was HKD 0.23, compared to earnings of HKD 0.06 per share in the previous year[8]. - The total comprehensive loss for the period attributable to owners of the company was HKD 2.3 million, compared to a profit of HKD 577,000 in the prior year[9]. - Revenue from residential buildings was HKD 7,435,000, down 32.0% from HKD 11,073,000 year-on-year[19]. - Revenue from community facilities was HKD 9,897,000, a slight decrease of 2.4% from HKD 10,137,000 in the previous year[19]. - Revenue from commercial buildings increased to HKD 11,777,000, up 6.0% from HKD 11,110,000 in the same period last year[19]. - The company reported a loss attributable to owners of HKD 2,288,000 for the three months ended June 30, 2023, compared to a profit of HKD 577,000 in the same period of 2022[29]. - Total employee costs for the period were HKD 11,151,000, a decrease of 2.5% from HKD 11,434,000 in the previous year[25]. - The company incurred finance costs of HKD 494,000, significantly higher than HKD 139,000 in the same period last year[24]. - Other income decreased to HKD 35,000 from HKD 577,000 year-on-year[9]. - The company reported a tax expense of HKD 146,000, a decrease of 81.7% from HKD 798,000 in the previous year[27]. Dividends and Shareholder Information - The board of directors did not recommend any dividend for the three months ended June 30, 2023, consistent with the previous year[8]. - The company did not declare any dividends for the three months ended June 30, 2023, consistent with the previous year[31]. - The company’s directors and major shareholders hold a 75% equity interest in the company, with Mr. Lam and Ms. Wang each holding 750 million shares[59]. - As of June 30, 2023, Ultra Success holds 750,000,000 shares, representing 75% of the company's equity[63]. - There were no unexercised share options as of June 30, 2023, and no share options have been granted, agreed to be granted, exercised, or cancelled since the listing date[65]. - The company did not purchase, sell, or redeem any of its listed securities during the three months ended June 30, 2023[66]. Corporate Governance and Compliance - The audit committee reviewed the financial reporting process and confirmed that the unaudited condensed consolidated financial statements for the three months ended June 30, 2023, were prepared in accordance with applicable accounting standards[72]. - The company has adopted a code of conduct for securities trading that complies with GEM Listing Rules, and all directors confirmed compliance with the trading standards[69]. - The roles of the chairman and CEO are held by Mr. Lin, which the board believes is in the best interest of the company despite deviating from corporate governance code C.2.1[68]. - The company has established an audit committee to oversee financial reporting, risk management, and internal control processes since March 18, 2020[72]. - The company has complied with the corporate governance practices as per GEM Listing Rules, except for the aforementioned deviation[67]. - The company emphasizes the importance of good corporate governance to promote accountability in management and internal procedures[67]. Business Strategy and Market Position - The company has undergone a group restructuring and has been listed on the GEM since April 23, 2020[13]. - The company plans to utilize approximately HKD 21.6 million from the net proceeds, with 9.8% allocated for purchasing additional machinery and equipment, 29.1% for expanding workforce, and 31.0% for strengthening financial position[50]. - As of June 30, 2023, the company has utilized about HKD 17.8 million from the net proceeds, with the remaining balance stored in a licensed bank in Hong Kong[50]. - The company anticipates that the impact of COVID-19 will depend on the effectiveness of preventive measures and the duration of the pandemic, affecting the overall economy in Hong Kong and Macau[52]. - The company is committed to strict cost control policies and will take necessary actions to maintain profitability and market competitiveness amid economic uncertainties[53]. - The company aims to expand its workforce and secure more construction protection projects in Hong Kong to strengthen its market position[53]. - The company has not encountered any significant shortages or difficulties in the supply of construction protection products[52]. - The company will regularly review its asset structure and business strategies to adapt to future challenges[53]. Environmental Responsibility - The company has not faced any prosecutions, fines, or penalties for violating applicable environmental laws or regulations[55]. - The company is dedicated to enhancing environmental protection and aims to minimize the impact of its business activities on the environment[54].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 Sunray Engineering Group Limited 新 威 工 程 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8616） 截 至 二 零 二 三 年 六 月 三 十 日 止 三 個 月 第 一 季 度 業 績 公 佈 新威工程集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其 附屬公司截至二零二三年六月三十日止三個月的未經審核綜合業績。本公佈（載有 本公司截至二零二三年六月三十日止三個月的第一季度報告（「二零二三年第一季度 報告」）全文）符合聯交所GEM證券上市規則（「GEM上市規則」）有關第一季度業績 初步公告附載資料的相關要求。二零二三年第一季度報告印刷本將以GEM上市規 則所規定的方式於適當時候寄發予本公司股東，並於聯交所網站(www.hkexnews. hk)及本公司網站(www.sunray.com.hk)可供查閱 ...

Financial Performance - For the fiscal year ending March 31, 2023, the company recorded total revenue of approximately HKD 222.8 million, an increase of about HKD 22.9 million or 11.5% compared to approximately HKD 199.9 million for the fiscal year ending March 31, 2022[7]. - The profit and total comprehensive income for the fiscal year was approximately HKD 5.5 million, a decrease of about HKD 5.4 million or 49.5% from approximately HKD 10.9 million for the previous fiscal year, primarily due to increased construction costs and administrative expenses[7]. - The company's total revenue increased from approximately HKD 199.9 million for the year ended March 31, 2022, to approximately HKD 222.8 million for the year ended March 31, 2023, representing an increase of about HKD 22.9 million or 11.5%[12]. - Revenue from construction protection services rose from approximately HKD 117.6 million to approximately HKD 162.7 million, an increase of about HKD 45.1 million or 38.4%, driven by an increase in both public and private project numbers[14]. - Revenue from construction protection products decreased from approximately HKD 82.2 million to approximately HKD 60.1 million, a decline of about HKD 22.1 million or 26.9%, primarily due to reduced demand from Hong Kong customers[17]. - Sales and service costs increased from approximately HKD 137.6 million to approximately HKD 165.4 million, an increase of about HKD 27.8 million or 20.2%[18]. - Gross profit decreased from approximately HKD 62.3 million to approximately HKD 57.4 million, a decline of about HKD 4.9 million or 7.9%, with the gross profit margin dropping from approximately 31.2% to 25.8%[19]. - Other income rose from approximately HKD 0.9 million to approximately HKD 1.4 million, mainly due to subsidies received from the Hong Kong government's employment support scheme[20]. - The total profit and comprehensive income decreased from approximately HKD 10.9 million to approximately HKD 5.5 million[26]. Project and Contract Management - The company undertook 347 projects with a total contract value of approximately HKD 881.1 million, of which 87 projects with a contract value of approximately HKD 78.2 million were completed[11]. - As of March 31, 2023, the company had 260 ongoing contracts with a total contract value of approximately HKD 802.9 million[11]. - The company plans to actively explore and seek more quality construction protection products to create reliable solutions for customers[7]. - The company remains vigilant and will continue to expand its workforce and pursue more construction protection projects in Hong Kong to strengthen its market position[61]. Market Outlook and Strategy - The company anticipates continued challenges in the business environment but remains optimistic about the construction protection industry due to the relaxation of pandemic measures and increased housing supply from the Hong Kong government[7]. - The company aims to expand its customer base and market share while optimizing resource utilization and efficiency to maximize shareholder returns[6]. - The company may consider other investment opportunities to diversify its revenue sources and mitigate competition risks in the construction market[7]. - The company plans to regularly review its asset structure and business strategies in response to current economic uncertainties and challenges[61]. - The company aims to maintain profitability and market competitiveness by strictly adhering to cost control policies and seeking suitable investment opportunities for business diversification[61]. Financial Position and Assets - As of March 31, 2023, the company's total assets were approximately HKD 257.5 million, a slight decrease from HKD 258.2 million as of March 31, 2022[30]. - The company's equity attributable to shareholders increased from approximately HKD 182.1 million to approximately HKD 187.6 million, an increase of about HKD 5.5 million[30]. - The company's interest-bearing borrowings totaled approximately HKD 27.8 million as of March 31, 2023, down from HKD 28.6 million as of March 31, 2022[30]. - The group's debt-to-equity ratio decreased from approximately 15.7% as of March 31, 2022, to about 14.8% as of March 31, 2023, primarily due to bank loan repayments[32]. - As of March 31, 2023, the group's current assets net value was approximately HKD 134.4 million, an increase of about HKD 2.4 million from HKD 132.0 million as of March 31, 2022, resulting in a current ratio increase from approximately 2.8 times to about 3.0 times[33]. Human Resources and Workforce - Total employee costs for the year ended March 31, 2023, were approximately HKD 33.6 million, up from HKD 30.1 million for the year ended March 31, 2022[52]. - The company has recruited additional personnel, including a quantity surveyor manager, a quantity surveyor, two project managers, three foremen, and a project clerk to support the growing number of construction protection projects[58]. Corporate Governance - The company has adopted the GEM Listing Rules Appendix 15 Corporate Governance Code as the basis for its corporate governance practices[84]. - The board believes that effective corporate governance is essential for protecting shareholders' interests and enhancing corporate value[84]. - The company has complied with all applicable provisions of the Corporate Governance Code since its listing date, except for the provision C.2.1[84]. - The company is committed to achieving a high level of corporate governance to enhance transparency and accountability[84]. - The board consists of independent non-executive directors who provide independent advice on corporate governance matters[70]. - The company has a remuneration committee, audit committee, and nomination committee to oversee governance practices[70]. - The independent non-executive directors have confirmed their independence in accordance with GEM Listing Rules, ensuring compliance with governance standards[92]. Risk Management - The board is responsible for the effectiveness of the group's risk management and internal control systems, which are reviewed annually[129]. - The risk management process includes identifying, assessing, responding to, monitoring, and reporting risks, covering strategic, credit, operational, market, liquidity, legal, and regulatory risks[131]. - The company has adopted multiple internal guidelines and written policies to monitor and mitigate business-related risks[132]. - The board believes that the risk management and internal control systems are adequate and effective as of March 31, 2023, with no significant control deficiencies identified[134]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes its commitment to reducing operational environmental impact and promoting sustainability through the use of eco-friendly products and recycling initiatives[8]. - The board is responsible for overseeing environmental, social, and governance (ESG) strategies and reports, ensuring alignment with strategic growth[152]. - The ESG working group collects and analyzes data, monitors performance, and ensures compliance with relevant laws and regulations[153]. - The report includes key performance indicators (KPIs) relevant to the group's operations and sustainability efforts[161]. - The company aims to integrate ESG considerations into decision-making processes[151]. - The company actively promotes environmental awareness among employees and encourages the use of eco-friendly products[176]. Emissions and Resource Management - In the fiscal year 2023, the total greenhouse gas emissions intensity decreased by approximately 7.50%, from about 0.80 tons of CO2 equivalent per employee in fiscal year 2022 to approximately 0.74 tons in fiscal year 2023[181]. - The company has set a target to reduce total greenhouse gas emissions intensity by March 31, 2027, using fiscal year 2022 as the baseline year[181]. - Total greenhouse gas emissions increased from 66.73 tons CO2 equivalent in FY2022 to 82.96 tons CO2 equivalent in FY2023, representing a 24.3% increase[182]. - The company has implemented measures to control emissions, including route planning to avoid duplication and encouraging public transport usage[179]. - The company aims to reduce total water consumption to 475 cubic meters or below by the end of FY2024[192]. - The total amount of non-hazardous waste disposed of increased from 5,544.62 kg in FY2022 to 7,053.73 kg in FY2023[187].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 Sunray Engineering Group Limited 新 威 工 程 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8616） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 年 度 之 年 度 業 績 公 佈 聯交所GEM的特色 GEM乃為中小型公司提供一個上市的市場，該等公司較於聯交所上市的其他公司 帶有更高投資風險。有意投資者應了解投資於該等公司的潛在風險，並僅應經過審 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買賣的證券可能會承受較於聯交所 主板買賣的證券為高的市場波動風險，同時亦無法保證在GEM買賣的證券會有高 流通量的市場。 ...

Financial Performance - For the nine months ended December 31, 2022, the group's revenue was approximately HKD 168.6 million, an increase of about 15.4% compared to HKD 146.1 million for the same period in 2021[7] - Gross profit for the nine months ended December 31, 2022, was approximately HKD 41.4 million, a decrease of about 11.9% from HKD 47.0 million for the same period in 2021[7] - Net profit decreased from approximately HKD 9.5 million for the nine months ended December 31, 2021, to approximately HKD 3.0 million for the same period in 2022[7] - Basic and diluted earnings per share for the nine months ended December 31, 2022, were approximately HKD 0.30, down from HKD 0.95 for the same period in 2021[7] - Total comprehensive income for the nine months ended December 31, 2022, was HKD 3.0 million, compared to HKD 9.5 million for the same period in 2021[8] - The group reported a pre-tax profit of HKD 5.6 million for the nine months ended December 31, 2022, down from HKD 13.1 million for the same period in 2021[8] Revenue Breakdown - Revenue from residential buildings for the nine months ended December 31, 2022, was HKD 25,718,000, up 33.9% from HKD 19,239,000 in the previous year[17] - Revenue from community facilities for the nine months ended December 31, 2022, was HKD 57,998,000, representing a 61.6% increase from HKD 35,915,000 in 2021[17] - Revenue from construction protection services rose to HKD 123.8 million in the nine months ended December 31, 2022, up from HKD 86.1 million in the same period of 2021, indicating a significant increase due to more public and private projects[33] - Revenue from construction protection products decreased from approximately HKD 60.0 million in the nine months ended December 31, 2021, to approximately HKD 44.8 million in the same period of 2022, primarily due to reduced demand from Hong Kong customers[34] Expenses and Costs - The group incurred administrative expenses of HKD 30.6 million for the nine months ended December 31, 2022, compared to HKD 27.4 million for the same period in 2021[8] - Financial costs increased to HKD 560,000 for the nine months ended December 31, 2022, from HKD 252,000 for the same period in 2021[8] - Total employee costs for the nine months ended December 31, 2022, were HKD 33,549,000, an increase of 7.5% from HKD 31,225,000 in 2021[23] - The company's sales and service costs increased from approximately HKD 99.2 million to approximately HKD 127.2 million, reflecting a rise of about 28.2% due to higher material and direct labor costs[35] - The company's depreciation expense for property and equipment for the nine months ended December 31, 2022, was HKD 2,830,000, an increase from HKD 1,818,000 in the previous year[23] Dividends and Shareholder Information - The board of directors did not recommend any dividend payment for the nine months ended December 31, 2022, consistent with the previous year[7] - The company did not recommend any dividend payment for the nine months ended December 31, 2022, consistent with the previous period[44] - As of December 31, 2022, Ultra Success holds 750,000,000 shares, representing 75% of the company's equity[61] - Mr. Lin is the sole beneficial owner of Ultra Success, which is a company registered in the British Virgin Islands[61] - There were no unexercised share options as of December 31, 2022, and no share options have been granted or exercised since the listing date[62] Government Support and Subsidies - The company received government subsidies totaling HKD 1,194,000 during the nine months ended December 31, 2022, related to the COVID-19 "Employment Support" scheme[19] - Other income rose from approximately HKD 851,000 to approximately HKD 1.4 million, mainly due to subsidies received from the Hong Kong government's "Employment Support Scheme" launched in April 2022[37] Operational Challenges and Future Outlook - The impact of the COVID-19 pandemic has delayed some construction projects, affecting the company's operational and financial performance[49] - The company remains confident in its future prospects and aims to strengthen its market position by securing more construction protection projects in Hong Kong[50] Compliance and Governance - The company has complied with the corporate governance code, except for the separation of roles between the Chairman and CEO, which Mr. Lin holds concurrently[65] - The audit committee reviewed the financial reporting process and confirmed that the unaudited condensed consolidated financial statements for the nine months ending December 31, 2022, were prepared in accordance with applicable accounting standards[68]

Financial Performance - For the six months ended September 30, 2022, the group's revenue was approximately HKD 104.7 million, an increase of about 16.1% compared to HKD 90.2 million for the same period in 2021[7] - Gross profit for the same period was approximately HKD 26.0 million, a decrease of about 13.3% from HKD 30.0 million in the previous year[7] - Net profit decreased from approximately HKD 7.6 million for the six months ended September 30, 2021, to approximately HKD 2.3 million for the same period in 2022[7] - Basic and diluted earnings per share for the six months ended September 30, 2022, were HKD 0.23, down from HKD 0.76 for the same period in 2021[7] - Total comprehensive income for the six months ended September 30, 2022, was HKD 2.33 million, down from HKD 7.60 million in the previous year[8] - The pre-tax profit for the six months ended September 30, 2022, was HKD 4.33 million, compared to HKD 9.41 million for the same period in 2021[8] - The company reported a profit before tax of HKD 4,331,000 for the six months ended September 30, 2022, down from HKD 9,406,000 in the same period of 2021[31] - Profit and total comprehensive income decreased from approximately HKD 7.6 million to approximately HKD 2.3 million[72] Revenue Breakdown - Revenue from construction protection engineering for the six months ended September 30, 2022, was HKD 74,438,000, up 37.0% from HKD 54,330,000 in the previous year[26] - Revenue from the supply of construction protection products decreased by 15.7% to HKD 30,225,000 for the six months ended September 30, 2022, compared to HKD 35,838,000 in 2021[26] - Revenue from Hong Kong for the six months ended September 30, 2022, was HKD 99,878,000, an increase of 23.5% from HKD 80,853,000 in 2021[33] - Revenue from Macau decreased significantly to HKD 4,785,000 for the six months ended September 30, 2022, down from HKD 9,315,000 in the previous year[33] - Revenue from construction protection services accounted for 71.1% of total revenue in the six months ended September 30, 2022, amounting to HKD 74.4 million, compared to 60.3% and HKD 54.3 million in the same period of 2021[60] Assets and Liabilities - As of September 30, 2022, total assets amounted to HKD 267,052 thousand, an increase from HKD 258,220 thousand as of March 31, 2022, reflecting a growth of approximately 3.2%[10] - The company's net current assets stood at HKD 130,307 thousand, slightly down from HKD 132,000 thousand as of March 31, 2022, indicating a decrease of about 1.3%[10] - Total equity increased to HKD 184,376 thousand as of September 30, 2022, from HKD 182,051 thousand as of March 31, 2022, marking a growth of approximately 1.3%[12] - The company’s total liabilities increased to HKD 32.6 million as of September 30, 2022, compared to HKD 27.5 million as of March 31, 2022[53] Cash Flow and Financing - The operating cash flow for the six months ended September 30, 2022, was HKD 1,808 thousand, a decline of 52.9% compared to HKD 3,833 thousand for the same period in 2021[14] - The company incurred financing cash outflows of HKD 3,214 thousand for the six months ended September 30, 2022, compared to inflows of HKD 19,808 thousand in the same period of the previous year[17] - Cash and cash equivalents decreased to HKD 41,337 thousand as of September 30, 2022, from HKD 46,978 thousand as of March 31, 2022, a decline of approximately 12.1%[10] - Interest expenses on bank loans increased to HKD 151,000 for the three months ended September 30, 2022, from HKD 79,000 in the same period of 2021[36] Employee Costs - Total employee costs for the six months ended September 30, 2022, amounted to HKD 21,059,000, an increase from HKD 18,498,000 in the same period of 2021[37] - As of September 30, 2022, the total employee cost (excluding directors' remuneration) was approximately HKD 15.0 million, compared to HKD 13.7 million for the same period in 2021, reflecting an increase of about 9.5%[88] Operational Challenges - The impact of the COVID-19 pandemic has caused delays in some construction protection projects, with ongoing effects expected until the situation is under control[97] - The company has implemented effective measures to protect employee health, including regular disinfection, mandatory mask-wearing, and temperature checks[98] - The impact of the COVID-19 pandemic remains a significant risk factor for the group’s business operations and financial performance[104] Corporate Governance - The company emphasizes the importance of good corporate governance practices, adhering to GEM listing rules[114] - The chairman and CEO roles are held by Mr. Lin, which the board believes is in the best interest of the group despite deviating from corporate governance guidelines[115] - The audit committee was established on March 18, 2020, and has reviewed the financial reporting process and internal controls, ensuring compliance with applicable accounting standards[118] Future Outlook - The company is focused on expanding its workforce and securing more construction protection projects in Hong Kong to strengthen its market position[98] - The group continues to face risks including reliance on subcontractors and third-party suppliers, which could adversely affect financial performance[104]

香港聯合交易所有限公司（「聯交所」）GEM特色 GEM的定位，乃為較於聯交所上市的其他公司帶有較高投資風險的中小型公司提供一個上市的市場。有意投資 者應瞭解投資於該等公司的潛在風險，並應經過審慎周詳考慮後方作出投資決定。 由於GEM上市公司一般為中小型公司，在GEM買賣的證券可能會承受較於聯交所主板買賣的證券為高的市場波 動風險，同時亦無法保證於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報告之內容概不負責，對其準確性或完整性亦不發表任何聲明，並明 確表示概不就因本報告全部或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 本報告載有遵照聯交所GEM證券上市規則（「GEM上市規則」）規定提供的詳情，旨在提供有關新威工程集團有 限公司（「本公司」）的資料；而本公司董事（統稱「董事」，及各為一名「董事」）願就本報告共同及個別承擔全部責 任。董事經作出一切合理查詢後確認，就彼等所深知及確信，本報告所載資料在各重大方面均屬準確及完整， 並無誤導或欺詐成份，並無遺漏其他事項致使本報告內任何陳述或本報告產生誤導。 目錄 | 公司資料 | 2 | | --- | --- | | ...