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 | | --- ...