Financial Performance - Total revenue for the fiscal year 2022 was approximately HKD 199.9 million, an increase of about HKD 21.0 million or 11.7% compared to HKD 178.9 million in the previous fiscal year[11]. - The profit and total comprehensive income for the fiscal year 2022 was approximately HKD 10.9 million, a decrease of about HKD 1.5 million or 12.1% from HKD 12.4 million in the previous fiscal year[11]. - Revenue from construction protection services rose from approximately HKD 110.2 million in 2021 to approximately HKD 117.6 million in 2022, an increase of about HKD 7.4 million or 6.7%[17]. - Revenue from the supply of construction protection products increased from approximately HKD 68.8 million in 2021 to approximately HKD 82.2 million in 2022, an increase of about HKD 13.4 million or 19.5%[19]. - Gross profit increased from approximately HKD 58.9 million in 2021 to approximately HKD 62.3 million in 2022, an increase of about HKD 3.4 million or 5.8%[21]. - The company's total assets as of March 31, 2022, were approximately HKD 258.2 million, up from HKD 221.0 million as of March 31, 2021, an increase of about HKD 37.2 million or 16.8%[33]. - The company's equity attributable to equity holders increased from approximately HKD 171.2 million in 2021 to approximately HKD 182.1 million in 2022, an increase of about HKD 10.9 million[33]. - The company's interest-bearing borrowings increased from approximately HKD 4.2 million in 2021 to approximately HKD 28.6 million in 2022[33]. - The company's total comprehensive income decreased from approximately HKD 12.4 million in 2021 to approximately HKD 10.9 million in 2022[30]. Operational Highlights - The group undertook 309 projects with a total contract value of approximately HKD 789.3 million, of which 28 projects were completed with a contract value of approximately HKD 15.7 million[14]. - As of March 31, 2022, there were 281 ongoing contracts with a total contract value of approximately HKD 773.6 million[14]. - The company plans to actively explore and seek more high-quality construction protection products to create reliable solutions for customers[11]. - The company has expanded its workforce by hiring 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[60]. - The company has secured several large-scale planned projects and has fully utilized the relevant proceeds for the procurement of construction protection materials[60]. - The company has engaged a testing center to conduct experimental testing for its new waterproof products[60]. Environmental and Sustainability Initiatives - The group emphasizes its commitment to reducing operational environmental impact and promoting sustainability through the use of eco-friendly products and recycling initiatives[12]. - The company actively promotes environmental protection by advocating the importance of environmental responsibility among employees and encouraging recycling and reuse of materials[170]. - The company has established a management system to strictly control the use of company vehicles to minimize greenhouse gas emissions[176]. - The company has developed environmental goals related to greenhouse gas emissions, waste management, and energy consumption, which have been approved by the board[169]. - The company has not identified any significant non-compliance with environmental laws and regulations during the fiscal year 2022[170]. - The company aims to reduce total greenhouse gas emissions intensity by March 31, 2027, using the fiscal year 2022 as the baseline[176]. Corporate Governance - The company has adopted the GEM Listing Rules Appendix 15 Corporate Governance Code as the basis for its corporate governance practices[85]. - The board consists of five members, including two executive directors and three independent non-executive directors, ensuring compliance with GEM Listing Rules[87]. - The company has established three board committees: Audit Committee, Remuneration Committee, and Nomination Committee, to enhance governance efficiency[96]. - The independent non-executive directors represent over one-third of the board, fulfilling the independence requirements of GEM Listing Rules[93]. - The company has committed to high standards of corporate governance to protect shareholder interests and enhance corporate value[85]. - The board held five meetings during the fiscal year ending March 31, 2022, with a 100% attendance rate from all directors[117]. Risk Management - The risk management process includes identifying, assessing, responding to, monitoring, and reporting risks, covering strategic, credit, operational, market, liquidity, legal, and regulatory risks[126]. - The board is responsible for the effectiveness of the group's risk management and internal control systems, which are reviewed annually[125]. - The company has incorporated transition risks into its risk management framework for regular review[200]. - The company has developed emergency plans to mitigate the negative impacts of extreme weather events on its operations[199]. Shareholder Relations - The company emphasizes effective communication with shareholders to strengthen investor relations and understanding of business performance[139]. - The company’s website serves as a platform for communication with shareholders and potential investors, providing updates on business developments and financial information[139]. - Shareholders have the right to convene special general meetings if they hold at least 10% of the voting rights[134]. Employee and Management Information - Total employee costs (excluding directors' remuneration) for the year ended March 31, 2022, were approximately HKD 30.1 million, compared to HKD 29.0 million for the year ended March 31, 2021[54]. - The finance director has over 10 years of experience in accounting, auditing, and corporate finance, having worked on acquisitions and mergers[77]. - The general manager has over 23 years of experience in the building materials trade, overseeing overall business strategy and sales[79]. - The project manager has over 20 years of experience in the building materials industry, managing site activities and construction project progress[80]. ESG Reporting - The environmental, social, and governance (ESG) report outlines the company's commitment to sustainable development and compliance with relevant regulations[145]. - The ESG report was prepared in accordance with the Hong Kong Stock Exchange's GEM listing rules, ensuring effective management policies and internal controls[151]. - The report highlights the importance of stakeholder engagement and materiality assessment in identifying significant issues for the company[154]. - The ESG report was confirmed and approved by the board in June 2022, reflecting the company's commitment to transparency and accountability[157].

股份代號：8616 (於開曼群島註冊成立的有限公司) 2021 THIRD QUARTERLY REPORT 2021 第三季度 報告 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上市公司的一般為中小型公司，在GEM買賣的證券可能會承受較於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 ...

Financial Performance - For the six months ended September 30, 2021, the group's revenue was approximately HKD 90.2 million, an increase of about 32.6% compared to HKD 68.0 million for the same period in 2020[9]. - Gross profit for the same period was approximately HKD 30.0 million, up about 11.9% from HKD 26.8 million in the previous year[9]. - Net profit increased from approximately HKD 3.8 million for the six months ended September 30, 2020, to approximately HKD 7.6 million for the same period in 2021[9]. - Basic and diluted earnings per share for the six months ended September 30, 2021, were HKD 0.76, compared to HKD 0.39 for the same period in 2020[9]. - The group reported a pre-tax profit of approximately HKD 9.4 million for the six months ended September 30, 2021, compared to HKD 5.8 million for the same period in 2020[10]. - Total comprehensive income for the period was approximately HKD 7.6 million, compared to HKD 3.8 million in the previous year[10]. - The company recorded a total comprehensive income of HKD 7,604,000 for the six months ended September 30, 2021, compared to HKD 3,758,000 for the same period in 2020, marking an increase of 102.3%[14]. - For the six months ended September 30, 2021, the company reported a profit attributable to owners of HKD 7,604,000, compared to HKD 3,758,000 for the same period in 2020, representing a 102.4% increase[41]. Revenue Breakdown - Total revenue for the six months ended September 30, 2021, was HKD 90,168,000, representing a 32.5% increase from HKD 67,962,000 in the same period of 2020[27]. - Revenue from construction protection engineering for the six months ended September 30, 2021, was HKD 54,330,000, up 30.7% from HKD 41,545,000 in the prior year[27]. - Revenue from the supply of construction protection products for the six months ended September 30, 2021, was HKD 35,838,000, an increase of 35.8% compared to HKD 26,417,000 in the same period of 2020[27]. - Revenue from Hong Kong for the six months ended September 30, 2021, was HKD 80,853,000, a 30.4% increase from HKD 61,994,000 in the same period of 2020[34]. - Revenue from Macau for the six months ended September 30, 2021, was HKD 9,315,000, up 55.5% from HKD 5,968,000 in the same period of 2020[34]. Expenses and Costs - The group’s administrative expenses decreased from HKD 18.3 million in the previous year to HKD 16.1 million for the current period[10]. - The total employee costs for the six months ended September 30, 2021, were HKD 18,498,000, up from HKD 16,079,000 in 2020, reflecting a 15.0% increase[38]. - The depreciation of property and equipment for the six months ended September 30, 2021, was HKD 1,106,000, compared to HKD 738,000 in 2020, marking a 49.9% increase[38]. - The income tax expense for the six months ended September 30, 2021, was HKD 1,802,000, down from HKD 2,026,000 in 2020, reflecting an 11.1% decrease[39]. Assets and Liabilities - As of September 30, 2021, the total assets amounted to HKD 193,040,000, a decrease from HKD 212,362,000 as of March 31, 2021, representing a decline of approximately 9.1%[12]. - The net current assets were reported at HKD 128,811,000, down from HKD 165,237,000, indicating a decrease of about 22.0%[12]. - The company reported a total equity of HKD 178,802,000 as of September 30, 2021, up from HKD 171,198,000, reflecting an increase of approximately 4.4%[12]. - The company’s bank borrowings increased to HKD 21,269,000 as of September 30, 2021, compared to zero as of March 31, 2021[12]. - Trade receivables decreased to HKD 15,461,000 as of September 30, 2021, from HKD 25,466,000 as of March 31, 2021, indicating a 39.3% decline[46]. - Trade payables decreased to HKD 11,007,000 as of September 30, 2021, from HKD 19,479,000 as of March 31, 2021, representing a 43% decline[53]. Dividends and Share Capital - The board of directors did not recommend any dividend payment for the six months ended September 30, 2021, consistent with the previous year[9]. - The company did not declare any dividends for the six months ended September 30, 2021, consistent with the previous year[43]. - The company’s issued share capital remained at 1,560,000,000 shares as of September 30, 2021, unchanged from March 31, 2021[57]. Operational Insights - The company plans to continue expanding its market presence and investing in new technologies to enhance its service offerings[20]. - The company recognized rental income of HKD 300,000 for the six months ended September 30, 2021, compared to no rental income in the same period of 2020[35]. - The company’s construction protection projects typically take between one to four years to complete, indicating a long-term revenue generation model[28]. - The impact of the COVID-19 pandemic has caused delays in construction projects, which may continue until the situation is controlled, affecting the group's operational and financial performance[100]. - The group is closely monitoring the financial impact of the COVID-19 pandemic, with ongoing construction protection projects progressing steadily[101]. Risk Management and Compliance - The group faces risks including reliance on non-recurring revenue sources and potential underestimation of project costs, which could adversely affect financial performance[104]. - The group has not faced any prosecutions, fines, or penalties for environmental law violations as of the report date[103]. - The group relies on subcontractors and independent third-party suppliers for its construction protection projects, which poses risks if costs increase or quality standards are not met[108]. - The group is committed to enhancing environmental protection and minimizing waste and emissions in its operations[102]. - The group has sufficient environmental protection measures in place to comply with all applicable laws and regulations in Hong Kong[102]. Corporate Governance - The company has complied with the corporate governance code, except for the deviation from rule A.2.1 regarding the roles of the chairman and CEO[120]. - The audit committee was established on March 18, 2020, and has reviewed the financial reporting process and internal controls for the six months ending September 30, 2021[124].

Financial Performance - For the three months ended June 30, 2021, the group's revenue was approximately HKD 48.8 million, an increase of about 47.4% compared to approximately HKD 33.1 million for the same period in 2020[8] - Gross profit for the same period was approximately HKD 15.0 million, up approximately 14.5% from approximately HKD 13.1 million in the prior year[8] - Net profit increased from approximately HKD 902,000 for the three months ended June 30, 2020, to approximately HKD 3.2 million for the same period in 2021[8] - Basic and diluted earnings per share for the three months ended June 30, 2021, were HKD 0.32, compared to HKD 0.10 for the same period in 2020[8] - The group's pre-tax profit for the three months ended June 30, 2021, was HKD 4.2 million, compared to HKD 1.5 million for the same period in 2020[9] - Total comprehensive income for the period attributable to owners of the company was HKD 3.2 million, compared to HKD 902,000 in the previous year[9] - The company's profit attributable to owners increased from HKD 902,000 in the three months ended June 30, 2020, to HKD 3,188,000 in the same period of 2021, representing a growth of approximately 253.3%[29] - Total revenue rose from approximately HKD 33.1 million in the three months ended June 30, 2020, to approximately HKD 48.8 million in the same period of 2021, an increase of about HKD 15.7 million or 47.4%[35] Revenue Breakdown - Revenue from residential buildings decreased to HKD 6,585,000, down 33% from HKD 9,788,000 year-on-year[21] - Revenue from community facilities surged to HKD 9,537,000, a significant increase of 166% compared to HKD 3,582,000 in the previous year[21] - Revenue from commercial buildings increased to HKD 15,575,000, up 121% from HKD 7,057,000 year-on-year[21] - Revenue from construction protection engineering increased from HKD 20.4 million in 2020 to HKD 31.7 million in 2021, driven by an increase in the number of projects awarded and larger project revenues[37] - Revenue from the supply of construction protection products grew from HKD 12.7 million in 2020 to HKD 17.1 million in 2021, primarily due to increased demand for waterproof and tile products from Hong Kong customers[38] Expenses and Costs - Administrative expenses decreased from HKD 9.5 million in 2020 to HKD 8.2 million in 2021[9] - Total employee costs increased to HKD 9,727,000, up 16% from HKD 8,387,000 in the same period of 2020[26] - Selling and service costs rose from approximately HKD 20.0 million in 2020 to approximately HKD 33.8 million in 2021, an increase of about HKD 13.8 million or 69.0%[40] - The company incurred a tax expense of HKD 970,000, which is an increase from HKD 560,000 in the previous year[27] - Income tax expenses rose from approximately HKD 560,000 in 2020 to approximately HKD 970,000 in 2021, reflecting the increase in profit before tax[47] Dividends and Equity - The board of directors did not recommend the payment of any dividend for the three months ended June 30, 2021[8] - The company did not declare any dividends for the three months ended June 30, 2021, consistent with the previous year[30] - The company reported a total equity of approximately HKD 174.4 million as of June 30, 2021[11] Corporate Governance and Compliance - The company has adopted a code of conduct for securities trading that complies with GEM Listing Rules[70] - The chairman and CEO roles are held by the same individual, Mr. Lin, which the board believes is in the best interest of the company[69] - The company has complied with the corporate governance code, except for the separation of the chairman and CEO roles[68] - The audit committee reviewed the financial reporting process and confirmed that the unaudited consolidated financial statements for the three months ending June 30, 2021, were prepared in accordance with applicable accounting standards[73] - The company has established an audit committee to oversee financial reporting and risk management[73] Market and Operational Insights - The construction industry has faced delays due to the COVID-19 pandemic, impacting project timelines and financial performance[54] - The company is closely monitoring market developments and assessing the financial impact of the pandemic, with ongoing construction protection projects progressing steadily[55] - Future strategies include expanding workforce and securing more construction protection projects in Hong Kong to strengthen market position[55] - The company has implemented health measures to protect employees, including regular disinfection and temperature checks[55] - The company has not faced any environmental legal issues or penalties as of the report date[57] Shareholding Structure - The board members hold significant shares, with Mr. Lin and Ms. Wang each owning 75% of the company through controlled entities[60] - Ultra Success holds 750,000,000 shares, representing 75% of the company's equity[64] - As of June 30, 2021, there were no unexercised share options, and no options have been granted or exercised since the listing date[66] - The company did not purchase, sell, or redeem any listed securities during the three months ending June 30, 2021[67] - No interests were reported by the compliance advisor or its associates in the group as of June 30, 2021[71] - There were no disclosures of interests or short positions in the company's shares or related securities as of June 30, 2021[64]

Financial Performance - For the fiscal year ending March 31, 2021, the company recorded total revenue of approximately HKD 178.9 million, a decrease of about HKD 20.4 million or 10.2% compared to the previous fiscal year[8]. - The profit and total comprehensive income for the fiscal year was approximately HKD 12.4 million, down by about HKD 7.0 million or 36.1% from HKD 19.4 million in the previous year[8]. - The company's total revenue decreased from approximately HKD 199.3 million for the year ended March 31, 2020, to approximately HKD 178.9 million for the year ended March 31, 2021, a decline of about HKD 20.4 million or 10.2%[15]. - Revenue from construction protection engineering was approximately HKD 110.2 million for the year ended March 31, 2021, down from approximately HKD 120.6 million for the year ended March 31, 2020, a decrease of about HKD 10.4 million or 8.6%[18]. - Revenue from the supply of construction protection products decreased from approximately HKD 78.7 million for the year ended March 31, 2020, to approximately HKD 68.8 million for the year ended March 31, 2021, a decline of about HKD 9.9 million or 12.6%[20]. - The gross profit decreased from approximately HKD 78.1 million for the year ended March 31, 2020, to approximately HKD 58.9 million for the year ended March 31, 2021, a reduction of about HKD 19.2 million or 24.6%[22]. - The gross profit margin fell from approximately 39.2% for the year ended March 31, 2020, to approximately 32.9% for the year ended March 31, 2021[22]. - Administrative expenses increased from approximately HKD 31.1 million for the year ended March 31, 2020, to approximately HKD 36.6 million for the year ended March 31, 2021, an increase of about HKD 5.5 million or 17.7%[27]. - The total profit and comprehensive income decreased from approximately HKD 19.4 million for the year ended March 31, 2020, to approximately HKD 12.4 million for the year ended March 31, 2021[31]. - The company did not recommend any final dividend for the year ended March 31, 2021, compared to a final dividend of HKD 0.58 per share for the year ended March 31, 2020[32]. Operational Challenges - The company faced challenges due to the COVID-19 pandemic, which led to delays and slowdowns in several construction projects in Hong Kong[9]. - The ongoing impact of the COVID-19 pandemic has delayed some construction protection projects, affecting the company's operational and financial performance[64]. - The company is committed to maintaining profitability and market competitiveness by controlling costs and improving efficiency in response to the pandemic[65]. Future Outlook - The company remains optimistic about the construction protection industry in Hong Kong, anticipating growth driven by increased residential land supply and new commercial construction initiatives from the government[9]. - The company remains confident in its future prospects and aims to consolidate its market position by expanding its workforce and securing more construction protection projects in Hong Kong[65]. Environmental Commitment - The company emphasizes its commitment to reducing operational environmental impact and promoting sustainability through the use of eco-friendly products and practices[9]. - The company is committed to environmental, social, and governance (ESG) issues, with a structured management approach overseen by the board of directors[154]. - The company has developed an environmental, social, and governance policy to identify, assess, and mitigate potential adverse environmental impacts[174]. - The company has implemented energy management policies aimed at reducing environmental impact, including measures such as turning off unnecessary lighting and using LED bulbs[184]. - The company has not reported any significant non-compliance with environmental laws and regulations during the fiscal year, including air and water pollution regulations[174]. - The company has established a management system to strictly control vehicle usage, which is a major source of greenhouse gas emissions[178]. - The company has adopted various waste reduction measures to manage waste effectively and promote recycling practices[181]. - The company reported a total greenhouse gas emissions of 58.92 tCO2e for the fiscal year 2021, with direct emissions (Scope 1) at 46.44 tCO2e and indirect emissions (Scope 2) at 12.48 tCO2e[179]. - The company generated a total of 4,771.41 kg of non-hazardous waste during the fiscal year 2021, with paper waste accounting for 1,721.41 kg and general construction waste at 2,150.00 kg[181]. Governance and Management - The company is led by Mr. Huang, who has over 23 years of experience in the building materials trade and oversees overall business strategy and sales[81]. - Mr. Ouyang, with over 20 years of experience in the building materials industry, manages site activities and supervises construction project progress[82]. - The board consists of five members, including two executive directors and three independent non-executive directors, ensuring a diverse governance structure[90]. - The company has adopted the GEM Listing Rules Appendix 15 Corporate Governance Code as the basis for its corporate governance practices[88]. - The board is responsible for overall development, strategic planning, and reviewing business performance, ensuring accountability and transparency[93]. - The company has established three board committees: audit, remuneration, and nomination, to enhance governance efficiency[100]. - The company has confirmed compliance with the trading standards and securities trading code for the fiscal year ending March 31, 2021[89]. - The company has implemented information disclosure policies to prevent unauthorized or inaccurate disclosure of inside information[139]. Employee and Workforce - The company employed a total of 100 employees as of March 31, 2021, with a gender distribution of 66% male and 34% female[196]. - The overall employee turnover rate for the year was approximately 36.11%, with a notable 70% turnover rate for employees aged 51 and above[199]. - The company emphasizes equal opportunity in its hiring and promotion policies, ensuring fair treatment across various demographics[200]. - The company encourages water conservation practices among employees, although specific water consumption data is not available due to the nature of its operations[186]. Strategic Investments - The company plans to allocate HKD 2,110,000 (9.8%) for purchasing additional machinery and equipment, with HKD 223,000 already utilized and HKD 1,887,000 remaining, expected to be fully used by March 31, 2022[60]. - A total of HKD 6,280,000 (29.1%) is designated for expanding the workforce, with HKD 2,873,000 already spent and HKD 3,407,000 remaining, expected to be utilized by March 31, 2023[60]. - The company has fully utilized HKD 6,700,000 (31.0%) to strengthen its financial position, primarily for covering preliminary costs[60]. - HKD 6,510,000 (30.1%) is allocated for expanding the construction protection product portfolio, with HKD 424,000 already used and HKD 6,086,000 remaining, expected to be fully utilized by March 31, 2023[60]. - The company has purchased five spray machines for construction site use as part of its strategy to buy additional machinery and equipment[62]. - The company has hired a quantity surveyor manager, a quantity surveyor, a project manager, and two plumbers to support the increasing number of construction protection projects[62]. - The company is actively negotiating with potential suppliers for suitable new spray machines for recently acquired waterproofing projects[62].

Financial Performance - For the nine months ended December 31, 2020, the group's revenue was approximately HKD 119.7 million, a decrease of about 13.6% compared to HKD 138.6 million for the same period in 2019[5] - Gross profit for the nine months ended December 31, 2020, was approximately HKD 41.6 million, down approximately 28.2% from HKD 57.9 million for the same period in 2019[5] - Net profit decreased from approximately HKD 16.8 million for the nine months ended December 31, 2019, to approximately HKD 7.4 million for the same period in 2020[6] - Basic and diluted earnings per share for the nine months ended December 31, 2020, were approximately HKD 0.76, compared to HKD 2.24 for the same period in 2019[6] - Total comprehensive income for the nine months ended December 31, 2020, was HKD 7.4 million, down from HKD 16.8 million for the same period in 2019[7] - The company reported a pre-tax profit of HKD 10.9 million for the nine months ended December 31, 2020, compared to HKD 21.6 million for the same period in 2019[7] Revenue Breakdown - Contract revenue from residential buildings for the nine months was HKD 24,039,000, down 37.9% from HKD 38,681,000 in 2019[17] - Revenue from community facilities increased significantly to HKD 34,893,000 for the nine months, compared to HKD 14,444,000 in 2019, representing a growth of 141.5%[17] - Revenue from construction protection engineering was HKD 77.2 million for the nine months ended December 31, 2020, down from HKD 87.1 million in the same period of 2019, primarily due to delays in private projects caused by the COVID-19 pandemic[36] - The company’s total confirmed revenue from construction protection products was HKD 42.5 million for the nine months ended December 31, 2020, down from HKD 51.5 million in the same period of 2019[34] - Revenue from construction protection products decreased from approximately HKD 51.5 million for the nine months ended December 31, 2019, to approximately HKD 42.5 million for the same period in 2020, a decline of about 17.5%[37] - The company’s public project revenue increased significantly to HKD 49.6 million for the nine months ended December 31, 2020, from HKD 30.0 million in the same period of 2019[35] Expenses and Costs - Administrative expenses for the nine months ended December 31, 2020, were HKD 27.1 million, an increase from HKD 24.0 million for the same period in 2019[7] - Total employee costs increased to HKD 27.7 million for the nine months ended December 31, 2020, from HKD 19.8 million in the same period of 2019, reflecting a rise of approximately 39.9%[22] - Selling and distribution costs rose from approximately HKD 4.1 million to approximately HKD 4.9 million, an increase of about 19.5%[42] - The interest expense on lease liabilities for the nine months was HKD 84,000, an increase from HKD 43,000 in 2019[21] - The company’s tax expense for the nine months ended December 31, 2020, was HKD 3.4 million, down from HKD 4.8 million in the same period of 2019[23] Other Income and Financial Activities - The company recorded other income of HKD 1.9 million for the nine months ended December 31, 2020, compared to HKD 0.1 million for the same period in 2019[7] - Other income for the nine months included government subsidies totaling HKD 1,715,000, which was not recorded in the same period of 2019[19] - The company’s total other income for the nine months was HKD 1,921,000, compared to HKD 131,000 in the previous year[19] - The net proceeds from the IPO amount to approximately HKD 21.6 million, with planned uses including purchasing additional machinery and equipment, expanding workforce, and enhancing financial stability[50] - Approximately 31.0% of the net proceeds will be used to strengthen the group's financial position to cover prior costs[51] Corporate Governance and Structure - The company completed a group restructuring on March 29, 2019, and was listed on the GEM of the Hong Kong Stock Exchange on March 31, 2020[11] - The company has adhered to the corporate governance code as per GEM listing rules, except for the deviation in A.2.1 regarding the roles of the Chairman and CEO[70] - The audit committee was established on March 18, 2020, and has reviewed the financial reporting processes, risk management, and internal controls, confirming the financial statements for the nine months ending December 31, 2020, were prepared in accordance with applicable accounting standards[73] - The compliance advisor has no interests in the company that need to be disclosed under GEM listing rules as of December 31, 2020[72] Impact of COVID-19 - The impact of the COVID-19 pandemic has caused delays in construction projects, affecting the group's operational and financial performance[54] - The group is taking measures to ensure employee safety, including regular disinfection, mask-wearing, and temperature checks[55] - The group has not faced any shortages or difficulties in the supply of construction protection products[54] Shareholding and Equity - The total equity as of December 31, 2020, was approximately HKD 166.2 million, reflecting an increase from HKD 120.9 million as of December 31, 2019[9] - Mr. Lin holds a 75% equity interest in the company through Ultra Success, a company he fully owns[60] - The shareholding structure indicates that Mr. Lin's spouse, Ms. Wang, also holds a 75% equity interest due to their relationship[60] - As of December 31, 2020, there are no unexercised share options under the company's share option plan[65] - The company has not purchased, sold, or redeemed any of its listed securities since its listing date[66]

Financial Performance - For the six months ended September 30, 2020, the group's revenue was approximately HKD 68.0 million, a decrease of about 33.7% compared to HKD 102.4 million for the same period in 2019[6]. - Gross profit for the six months ended September 30, 2020, was approximately HKD 26.8 million, down approximately 37.6% from HKD 43.0 million for the same period in 2019[7]. - Net profit decreased from approximately HKD 14.1 million for the six months ended September 30, 2019, to approximately HKD 3.8 million for the same period in 2020[7]. - Basic and diluted earnings per share for the six months ended September 30, 2020, were HKD 0.39, compared to HKD 1.88 for the same period in 2019[7]. - The group reported a pre-tax profit of HKD 5.784 million for the six months ended September 30, 2020, down from HKD 18.273 million for the same period in 2019[8]. - Total comprehensive income for the period was HKD 3.758 million for the six months ended September 30, 2020, compared to HKD 14.074 million for the same period in 2019[8]. - The total profit and comprehensive income decreased from approximately HKD 14.1 million to approximately HKD 3.8 million for the six months ended September 30, 2020[80]. Revenue Breakdown - Total revenue for the six months ended September 30, 2020, was HKD 67,962,000, a decrease of 33.5% compared to HKD 102,449,000 for the same period in 2019[26]. - Revenue from construction protection services for the six months ended September 30, 2020, was HKD 41,545,000, down 34.1% from HKD 63,016,000 in 2019[31]. - Revenue from the supply of construction protection products for the six months ended September 30, 2020, was HKD 26,417,000, a decrease of 33.0% compared to HKD 39,433,000 in 2019[31]. - The group’s revenue from Hong Kong for the six months ended September 30, 2020, was HKD 61,994,000, a decline of 29.4% from HKD 87,821,000 in 2019[34]. - The group’s revenue from Macau for the six months ended September 30, 2020, was HKD 5,968,000, a decrease of 59.1% compared to HKD 14,628,000 in 2019[34]. Expenses and Costs - Administrative expenses increased to HKD 18.257 million for the six months ended September 30, 2020, from HKD 13.523 million for the same period in 2019[8]. - Total employee costs for the six months ended September 30, 2020, amounted to 16,079,000 HKD, representing a 29.5% increase from 12,412,000 HKD in the previous year[39]. - The cost of sales and services decreased from approximately HKD 59.5 million to approximately HKD 41.2 million, a reduction of about 30.8%[69]. - Financial costs increased from approximately HKD 31,000 to approximately HKD 56,000, primarily due to lease liabilities[76]. Assets and Liabilities - As of September 30, 2020, the company's total assets increased to HKD 200,607,000 from HKD 179,225,000 as of March 31, 2020, representing an increase of approximately 11.5%[10]. - The company's net current assets rose to HKD 156,673,000, up from HKD 118,548,000, indicating a growth of about 32.1%[10]. - The total equity of the company reached HKD 162,514,000 as of September 30, 2020, compared to HKD 123,501,000 as of March 31, 2020, reflecting an increase of approximately 31.6%[12]. - Trade receivables as of September 30, 2020, were 14,959,000 HKD, a decrease of 36.0% from 23,317,000 HKD as of March 31, 2020[49]. - The company’s total liabilities decreased significantly, with trade and other payables totaling HKD 20,739,000 as of September 30, 2020, down from HKD 42,025,000 as of March 31, 2020[57]. Cash Flow and Financing - Cash and cash equivalents increased to HKD 63,915,000 as of September 30, 2020, compared to HKD 39,920,000 at the beginning of the period, marking a rise of approximately 60.1%[17]. - The company issued new shares, raising HKD 60,000,000 during the financing activities, which contributed to the increase in cash flow[17]. - The company experienced a net cash outflow from operating activities of HKD 12,660,000 for the six months ended September 30, 2020, compared to a net inflow of HKD 12,917,000 in the previous year[14]. Dividends - The board of directors did not recommend any dividend for the six months ended September 30, 2020, consistent with the same period in 2019[7]. - The company declared a final dividend of 0.58 HKD per share for the year ended March 31, 2020, totaling 5,800,000 HKD, but did not recommend any dividend for the six months ended September 30, 2020[46]. Government Support and Other Income - The group recognized government subsidies amounting to HKD 983,000 for the six months ended September 30, 2020[35]. - Other income for the six months ended September 30, 2020, was HKD 1.151 million, compared to HKD 110 thousand for the same period in 2019[8]. Management and Governance - The company has established an audit committee responsible for reviewing financial reporting processes and internal controls[124]. - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO[121]. - The company believes that Mr. Lin holding both the Chairman and CEO positions is in the best interest of the group[121]. Risks and Future Outlook - Key risks include reliance on non-recurring revenue, potential underestimation of project costs, and dependency on third-party suppliers for construction protection products[109]. - The company anticipates that the impact of the COVID-19 pandemic on the construction industry will continue to affect project timelines and financial performance until the situation is under control[103]. - The management remains confident in the company's future prospects and aims to secure more construction protection projects in Hong Kong to strengthen market position[105].

Financial Performance - For the three months ended June 30, 2020, the group's revenue was approximately HKD 33.1 million, a decrease of about 30.5% compared to HKD 47.7 million for the same period in 2019[5] - Gross profit for the same period was approximately HKD 13.1 million, down approximately 31.3% from HKD 19.1 million in 2019[6] - Net profit decreased from approximately HKD 3.0 million for the three months ended June 30, 2019, to approximately HKD 902,000 for the same period in 2020[6] - Basic and diluted earnings per share for the three months ended June 30, 2020, were HKD 0.10, compared to HKD 0.39 for the same period in 2019[6] - Total comprehensive income for the period was HKD 902,000, down from HKD 2.96 million in the previous year[7] - The company reported a pre-tax profit of HKD 1.46 million for the three months ended June 30, 2020, compared to HKD 5.07 million in 2019[7] - The company reported a pre-tax profit of HKD 1,133,000 for the three months ended June 30, 2020, compared to a loss of HKD 65,000 in 2019[22] - Basic earnings per share for the three months ended June 30, 2020, were HKD 902,000, a decrease from HKD 2,961,000 for the same period in 2019[9] - Total revenue decreased from approximately HKD 47.7 million for the three months ended June 30, 2019, to approximately HKD 33.1 million for the same period in 2020, representing a decline of about 30.5%[35] - The total comprehensive income decreased from approximately HKD 3.0 million in 2019 to approximately HKD 902,000 in 2020[48] Revenue Breakdown - Revenue from residential buildings was HKD 9,788,000, down 21.3% from HKD 12,402,000 in 2019[18] - Revenue from community facilities was HKD 3,582,000, a decrease of 21.4% from HKD 4,557,000 in 2019[18] - Revenue from commercial buildings was HKD 7,057,000, down 45.4% from HKD 12,950,000 in 2019[18] - Revenue from construction protection engineering decreased from HKD 29.9 million in 2019 to HKD 20.4 million in 2020, primarily due to delays in private project timelines caused by the COVID-19 pandemic[35] - Revenue from the supply of construction protection products fell from HKD 17.7 million in 2019 to HKD 12.7 million in 2020, mainly due to reduced demand for waterproof products from Hong Kong customers[38] Expenses and Costs - Administrative expenses increased to HKD 9.47 million from HKD 6.49 million in the previous year[7] - The company's total employee costs increased to HKD 8,387,000, up 36.0% from HKD 6,163,000 in 2019[22] - The income tax expense for the three months ended June 30, 2020, was HKD 560,000, a decrease of 73.5% from HKD 2,112,000 in 2019[23] - Financial costs for the three months ended June 30, 2020, were approximately HKD 22,000, mainly from lease liabilities[46] Shareholder Information - The board of directors did not recommend any dividend for the three months ended June 30, 2020, consistent with the same period in 2019[6] - The company issued 250 million new shares at a price of HKD 0.24 per share, raising a total of HKD 60 million[10] - The company’s retained earnings increased to HKD 87.61 million as of June 30, 2020, from HKD 70.29 million as of June 30, 2019[9] - As of June 30, 2020, the major shareholders hold 75% of the company's shares, indicating strong control over the company[63] - Ultra Success holds 750,000,000 shares, representing 75% of the company's equity[69] COVID-19 Impact - The impact of the COVID-19 pandemic has delayed some construction projects, affecting the company's operational and financial performance[54] - The company is closely monitoring the market developments and assessing the financial impacts of the COVID-19 situation, with ongoing construction protection projects progressing steadily[56] - The company has implemented health and safety measures for employees, including regular disinfection and temperature checks, to maintain operational efficiency[57] Compliance and Governance - The company has not faced any significant environmental impact issues and complies with all applicable environmental laws and regulations[59] - The company has no reported violations of environmental laws or regulations as of the report date[60] - The audit committee was established on March 18, 2020, to oversee financial reporting processes and risk management[79] - The unaudited condensed consolidated financial statements for the three months ended June 30, 2020, were reviewed by the audit committee and deemed to comply with applicable accounting standards[79] Future Plans - The planned use of net proceeds includes purchasing additional machinery and equipment (9.8%), expanding workforce (29.1%), strengthening financial position for current costs (31.0%), and expanding the product portfolio (30.1%)[53] - The company plans to utilize the net proceeds in a manner consistent with the business objectives outlined in the prospectus[52]

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上市公司的一般為中小型公司，在 GEM買賣的證券可能會承受較於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香港聯合交易所有限公司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 | | --- ...