Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 59,455,000, an increase of 15.5% compared to HKD 51,445,000 for the same period in 2023[7] - Gross profit decreased to HKD 4,516,000, down 73.9% from HKD 17,325,000 year-on-year[7] - The company reported a profit before tax of HKD 19,292,000, compared to a loss of HKD 4,381,000 in the previous year[7] - Net profit for the period was HKD 19,247,000, a significant recovery from a loss of HKD 4,858,000 in the same period last year[7] - Basic and diluted earnings per share for the period were HKD 1.44, compared to a loss per share of HKD 0.42 in the prior year[9] - The profit attributable to the company's owners for the period was HKD 19,247 thousand, a significant recovery from a loss of HKD 4,858 thousand in the previous year[49] - The basic and diluted earnings per share were HKD 1.44, compared to a loss per share of HKD 0.42 in the prior year[49] - The company recorded a profit of approximately HKD 19.2 million for the period, compared to a loss of approximately HKD 4.9 million for the six months ended September 30, 2023, primarily due to the fair value gain on financial assets[85] Assets and Liabilities - Total assets as of September 30, 2024, were HKD 155,000,000, up from HKD 119,621,000 as of March 31, 2024[11] - Cash and cash equivalents at the end of the period decreased to HKD 28,111,000 from HKD 40,323,000 at the beginning of the period[19] - Trade receivables, net of expected credit loss provisions, amounted to HKD 47,197 thousand as of September 30, 2024, up from HKD 36,568 thousand as of March 31, 2024[56] - The group reported trade payables of HKD 9,070 thousand as of September 30, 2024, compared to HKD 8,571 thousand as of March 31, 2024[59] Employee Costs - Total employee costs for the six months ended September 30, 2024, amounted to HKD 48,241,000, a significant increase of 43.6% from HKD 33,576,000 in the previous year[37] - The total number of employees increased from 160 to 172, with total employee costs (including director remuneration) amounting to approximately HKD 48.2 million for the six months ended September 30, 2024, compared to approximately HKD 33.6 million for the same period in 2023[98] - The total employee costs allocated to service costs amounted to HKD 40,658,000, reflecting a 37.3% increase from HKD 29,608,000 in the previous year[37] Revenue Breakdown - Revenue from new property construction accounted for HKD 50,831,000, representing 85.6% of total revenue, while revenue from renovation and maintenance of existing properties was HKD 5,157,000[28] - The group's revenue for the six months ended September 30, 2024, was HKD 59,455,000, an increase of 15.5% compared to HKD 51,445,000 for the same period in 2023[28] - The company's revenue increased by HKD 8.1 million or approximately 15.6% to about HKD 59.5 million for the six months ended September 30, 2024, compared to HKD 51.4 million for the same period in 2023[73] Expenses - General and administrative expenses increased from approximately HKD 12.6 million to approximately HKD 21.7 million, an increase of HKD 9.0 million or 71.5%[82] - Service costs increased from approximately HKD 34.1 million for the six months ended September 30, 2023, to approximately HKD 54.9 million for the six months ended September 30, 2024, representing an increase of HKD 20.8 million or about 61.0%[77] - Other income and gains or losses decreased from approximately HKD 3.2 million to approximately HKD 2.4 million, a reduction of HKD 0.8 million or about 25.4% due to decreased interest income from bank deposits[79] Taxation - The group did not incur any income tax expenses in China or Macau due to estimated tax losses for the six months ended September 30, 2024[44][45] - The income tax expense decreased from approximately HKD 477 million to approximately HKD 45 million, a reduction of HKD 432 million due to the net effect of current and deferred tax items[84] Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules during the reporting period[120] - The audit committee, established on August 27, 2018, consists of four independent non-executive directors and has reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2024[126] - There are no known business or interest conflicts involving directors or major shareholders as of September 30, 2024[118] Future Plans - The company plans to continue exploring market expansion opportunities and new product development strategies[6] - The group aims to expand its market share by securing more engineering consultancy service contracts despite a challenging business environment[74] - The company continues to seek opportunities to expand the types of consultancy services offered to existing clients[74] Shareholder Information - The company has a total of 1,382,000,000 shares issued as of September 30, 2024[109] - Wan Nian Real Estate Development Co., Ltd. holds 208,072,000 shares, representing approximately 15.06% of the company's total issued share capital[113] - Dr. Chen and Mr. Kwong own approximately 68.2% and 31.8% of Wan Nian Real Estate Development Co., Ltd., respectively[115] - The weighted average number of ordinary shares issued increased to 1,334,459 thousand from 1,152,000 thousand in the previous year[49] Dividends and Share Options - The company did not recommend an interim dividend for the six months ended September 30, 2024, consistent with the previous year[48] - The board does not recommend the payment of an interim dividend for the six months ending September 30, 2024[123] - No share options were granted during the six months ending September 30, 2024, and there were no unexercised share options as of that date[124] Financial Reporting - The group has adopted all new and revised Hong Kong Financial Reporting Standards effective from April 1, 2024, with no significant impact on the financial performance reported[30] - The group has a single operating segment, focusing on comprehensive structural and geotechnical engineering consulting services[33] - The group’s financial statements were prepared in accordance with the historical cost convention and have not been audited by independent auditors[25]

Financial Performance - The company reported revenue of HKD 59,455,000 for the six months ended September 30, 2024, representing an increase of 15.5% compared to HKD 51,445,000 in the same period of 2023[11] - Gross profit decreased to HKD 4,516,000, down 73.9% from HKD 17,325,000 year-on-year, indicating challenges in cost management[11] - The company achieved a profit before tax of HKD 19,292,000, a significant recovery from a loss of HKD 4,381,000 in the previous year[11] - The net profit for the period was HKD 19,247,000, compared to a loss of HKD 4,858,000 in the same period last year, marking a turnaround in performance[11] - The total comprehensive income for the six months ended September 30, 2024, was HKD 19,247,000, compared to a total comprehensive loss of HKD 4,858,000 in the same period of 2023[20] - The company reported a profit attributable to shareholders of HKD 19,247,000 for the six months ended September 30, 2024, compared to a loss of HKD 4,858,000 in the same period of 2023[53] - The company reported a profit of approximately HKD 19.2 million for the period, a significant turnaround from a loss of about HKD 4.9 million for the same period in 2023[89] Assets and Equity - Total assets increased to HKD 155,000,000 as of September 30, 2024, up from HKD 119,621,000 as of March 31, 2024[15] - The company's net asset value rose to HKD 153,043,000, compared to HKD 115,796,000 at the end of the previous fiscal year[15] - As of April 1, 2024, the total equity was HKD 115,796,000, an increase from HKD 91,956,000 as of April 1, 2023, representing a growth of approximately 26%[20] Earnings Per Share - Basic and diluted earnings per share improved to HKD 1.44, compared to a loss per share of HKD 0.42 in the prior year[13] - Basic and diluted earnings per share for the period were HKD 1.44, a significant improvement from a loss of HKD 0.42 per share in the prior year[53] Cash Flow and Financing - Cash and cash equivalents decreased by HKD 12,212,000 during the six months ended September 30, 2024, compared to a decrease of HKD 4,434,000 in the same period of 2023[23] - Operating cash flow for the six months ended September 30, 2024, was a net outflow of HKD 28,126,000, compared to a net outflow of HKD 4,090,000 in the same period of 2023[23] - The company’s financing costs increased slightly to HKD 204,000 from HKD 176,000, indicating a rise in borrowing costs[11] - As of September 30, 2024, the company had no borrowings, reflecting a strong financial position[91] Employee Costs - Employee costs totaled HKD 48,241,000 for the six months ended September 30, 2024, an increase from HKD 33,576,000 in 2023, reflecting a rise of approximately 43.6%[41] - Employee costs for the six months ended September 30, 2024, amounted to approximately HKD 48.2 million, compared to approximately HKD 33.6 million for the same period in 2023, reflecting a year-on-year increase of 43.4%[102] Revenue Streams - The company reported other income of HKD 953,000, down from HKD 1,246,000 in the previous year, reflecting a decline in ancillary revenue streams[11] - Revenue from customer contracts for the six months ended September 30, 2024, was HKD 59,455,000, up from HKD 51,445,000 in 2023, indicating a growth of approximately 15.6%[32] - The company's revenue increased by approximately HKD 8.1 million or about 15.6% to approximately HKD 59.5 million for the six months ended September 30, 2024, compared to HKD 51.4 million for the same period in 2023[80] Expenses - Service costs rose by HKD 20.8 million or approximately 61.0% to about HKD 54.9 million for the six months ended September 30, 2024, primarily due to increased director remuneration and employee costs[81] - General and administrative expenses increased by approximately HKD 9.0 million or 71.5% to about HKD 21.7 million, driven by higher employee costs and legal and professional fees[86] Share Capital and Dividends - The company raised HKD 18,000,000 through the issuance of new shares during the reporting period[20] - The board does not recommend the payment of an interim dividend for the six months ending September 30, 2024[127] - The company did not declare an interim dividend for the six months ended September 30, 2024, consistent with the previous year[52] Corporate Governance - The company has maintained compliance with the corporate governance code as per GEM Listing Rules, with no significant deviations noted[124] - The company continues to review its corporate governance practices to enhance standards and meet increasing regulatory requirements[124] - The company has established a robust internal control system, which has led to the decision not to purchase insurance for directors' liabilities at this time[124] Other Information - The company operates primarily in Hong Kong, with nearly all external revenue generated from services provided within the region[38] - The company has not disclosed any new product developments, market expansions, or mergers and acquisitions during the reporting period[101] - There were no significant events related to the company's business or financial performance that required the board's attention after the reporting period[101] - The audit committee, established on August 27, 2018, consists of four independent non-executive directors and has reviewed and approved the unaudited condensed consolidated financial statements for the six months ending September 30, 2024[130]

Financial Performance - The company reported a significant increase in revenue, achieving a total of $XX million for the fiscal year, representing a YY% growth compared to the previous year[12]. - User data showed a growth in active users, reaching ZZ million, which is an increase of AA% year-over-year[12]. - The company provided guidance for the next fiscal year, projecting revenue growth of BB% and aiming for a total revenue of $CC million[12]. - The company reported a comprehensive financial statement for the year ending March 31, 2024[170]. Product Development and Innovation - New product launches included the introduction of a state-of-the-art catering service, expected to contribute an additional $DD million in revenue[12]. - The company is investing in new technology development, with a budget allocation of $EE million for R&D initiatives aimed at enhancing service efficiency[12]. Market Expansion and Strategy - Market expansion plans include entering the Asian market, targeting a market share increase of FF% within the next two years[12]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the food service sector[12]. Sustainability and Environmental Impact - A new sustainability strategy was announced, aiming to reduce operational carbon footprint by GG% over the next five years[12]. - The total greenhouse gas emissions for the year ending March 31, 2024, amounted to 121.52 tons of CO2 equivalent, an increase from 115.56 tons in the previous year[105]. - Energy indirect greenhouse gas emissions (Scope 2) were reported at 104.79 tons of CO2 equivalent, up from 100.16 tons in the previous year, indicating a 6.6% increase[105]. - Indirect greenhouse gas emissions (Scope 3) rose to 16.73 tons of CO2 equivalent from 15.40 tons, reflecting an increase of 8.7%[105]. - The greenhouse gas emissions density per employee decreased to 0.74 tons of CO2 equivalent from 0.79 tons, showing a reduction of 6.3%[105]. - The company aims to reduce total greenhouse gas emissions density by the fiscal year ending March 31, 2026, using the fiscal year 2023 as a baseline[104]. - The company has implemented energy-saving measures and paper-saving initiatives to reduce greenhouse gas emissions during operations[104]. - The company has set a target to reduce the total density of non-hazardous waste by 2026, using 2023 as the baseline[140]. - The company implements a waste management strategy based on the "Reduce, Reuse, and Recycle" (3Rs) principle to minimize environmental impact[140]. - The group is committed to sustainable business practices and has implemented measures to minimize its environmental impact, including the use of second-hand office furniture and recycled paper[196]. Corporate Governance - The company is committed to maintaining high standards of corporate governance, ensuring compliance with all relevant regulations and guidelines[12]. - The company has appointed three independent non-executive directors, one of whom possesses appropriate accounting and financial management qualifications, in compliance with GEM Listing Rules[57]. - The company held two remuneration committee meetings for the year ending March 31, 2024, with attendance records documented[66]. - The audit committee is responsible for reviewing the company's financial statements and monitoring internal control procedures[61]. - The company has established anti-money laundering and anti-terrorism financing policies to ensure compliance with regulatory requirements[69]. - There were no concluded corruption lawsuits against the group or its employees in 2024, and no significant violations of bribery, extortion, fraud, or money laundering laws were found[68]. - The board of directors ensures that all members can dedicate sufficient time and effort to the company's affairs[52]. - The board has established three committees: audit committee, remuneration committee, and nomination committee to oversee specific areas of the company's affairs[60]. - The company has adopted a code of conduct for directors' securities trading, which is in line with GEM Listing Rules[73]. - The nomination committee is committed to finding candidates with excellent records and the ability to represent the best interests of all shareholders[79]. - The audit committee is composed of three independent non-executive directors, ensuring compliance with GEM listing rules[91]. - The company has established a nomination committee to review the board's structure and recommend changes to align with corporate strategy[98]. - The remuneration committee has outlined the compensation details for senior management, excluding directors, for the fiscal year ending March 31, 2024[96]. - The remuneration committee held four meetings during the fiscal year ending March 31, 2024, with all members present at each meeting[118]. - The nomination committee also conducted one meeting during the same period, ensuring proper governance and oversight of board member appointments[121]. - The board of directors is responsible for overseeing the internal control systems to protect shareholder interests and manage risks effectively[125]. - The company has established an internal control system to achieve operational efficiency, reliability of financial reporting, and compliance with applicable laws and regulations[142]. - The company has appointed an independent internal control consultant to evaluate the effectiveness of its risk management and internal control systems as of March 31, 2023[154]. - The board emphasized the importance of maintaining high transparency to enhance investor relations[166]. - The risk management and internal control systems were deemed sufficient and effective to protect shareholder interests[177]. - The company adopted a three-tier risk management approach to identify, analyze, assess, mitigate, and respond to risks[178]. - The board encourages shareholders to attend meetings and directly ask questions regarding any concerns[167]. - The company has implemented effective communication policies with shareholders, ensuring timely disclosure of business performance and strategies[188]. - The external auditor's fees for statutory audit and non-audit services were disclosed, including fees for reviewing interim and quarterly results[181]. - The company’s communication policy with shareholders was effectively implemented as of the year ending March 31, 2024[189]. - The company has not recommended the payment of a final dividend for the year ending March 31, 2024, consistent with the previous year[198]. - As of March 31, 2024, the group has not experienced any significant non-compliance issues that materially affect its business operations[195]. - The group faces potential professional liability risks and credit risks related to trade receivables, which may increase in the future[194]. - The company emphasizes maintaining good relationships with customers and aims to provide inspiring, value-for-money, and high-quality designs[197]. - The group’s main business nature has not undergone significant changes as of March 31, 2024[192]. - The board of directors has confirmed that all major shareholders have complied with non-competition commitments for the year ending March 31, 2024[193]. - The annual general meeting is scheduled for September 13, 2024, with a suspension of share transfer registration from September 10 to September 13, 2024[198]. - The group’s major subsidiaries and their business activities are detailed in the consolidated financial statements[192].

Financial Performance - The company reported revenue of HKD 100,981,000 for the year ended March 31, 2024, representing a 15.5% increase from HKD 86,904,000 in the previous year[7]. - Gross profit for the same period was HKD 33,314,000, up from HKD 24,512,000, indicating a significant improvement in profitability[7]. - The net profit attributable to the owners of the company was HKD 3,718,000, compared to HKD 1,871,000 in the prior year, reflecting a 98.4% increase[7]. - Basic and diluted earnings per share increased to HKD 0.32 from HKD 0.16, showing improved earnings performance[8]. - The profit for the year increased from HKD 1,871 million in 2022 to HKD 3,718 million in 2023, representing a growth of about 98%[26]. - The profit attributable to the company's owners for the year ended March 31, 2024, was HKD 3,718,000, representing a significant increase of 98.5% from HKD 1,871,000 in 2023[80]. - The group recorded a profit of approximately HKD 3.7 million for the year ended March 31, 2024, compared to a profit of approximately HKD 1.9 million for the year ended March 31, 2023, primarily due to fair value changes of financial assets amounting to approximately HKD 18.3 million[118]. Revenue and Growth - Revenue for the year ended March 31, 2024, was HKD 100,981,000, an increase of 16.5% from HKD 86,284,000 for the year ended March 31, 2023[43]. - Revenue from new property construction was HKD 79,593,000, up 17.6% from HKD 67,647,000 year-on-year[43]. - Expected revenue to be recognized within one year is HKD 57,981,000, a decrease of 11.5% from HKD 65,227,000 in the previous year[46]. - Total expected revenue to be recognized in the future is HKD 107,105,000, down 33.3% from HKD 160,669,000 year-on-year[46]. - The group's revenue increased by approximately 16.2% from about HKD 86.9 million for the year ended March 31, 2023, to about HKD 101.0 million for the year ended March 31, 2024[109]. Expenses and Costs - Administrative expenses rose to HKD 40,018,000 from HKD 22,082,000, indicating increased operational costs[7]. - Employee costs totaled HKD 78,215,000, an increase of 30.6% from HKD 59,833,000 in the previous year[54]. - General and administrative expenses increased by approximately 81.0% from approximately HKD 22.1 million for the year ended March 31, 2023, to approximately HKD 40.0 million for the year ended March 31, 2024[143]. - Service costs increased by approximately 8.5% from about HKD 62.4 million for the year ended March 31, 2023, to about HKD 67.7 million for the year ended March 31, 2024[111]. Assets and Liabilities - Non-current assets decreased from HKD 4,481 million in 2023 to HKD 3,592 million in 2024, representing a decline of approximately 19.9%[25]. - Current assets increased from HKD 107,505 million in 2023 to HKD 116,377 million in 2024, reflecting a growth of about 8.2%[25]. - Net current assets rose from HKD 68,389 million in 2023 to HKD 81,017 million in 2024, an increase of approximately 18.4%[25]. - Total assets less current liabilities increased from HKD 98,691 million in 2023 to HKD 119,621 million in 2024, marking a growth of around 21.2%[25]. - The company's equity attributable to owners increased from HKD 91,956 million in 2023 to HKD 115,796 million in 2024, a rise of approximately 26%[26]. - The group had no borrowings as of March 31, 2024, indicating a strong financial position with sufficient liquidity to meet funding needs[120]. Share Placements and Financing - The company completed a placement of 80,000,000 shares at HKD 0.2521 per share, raising approximately HKD 19,920,000 for business development and general working capital[10]. - The company raised HKD 20,168 million through a placement of new shares, net of transaction costs[26]. - The group completed a placement of new shares on May 29, 2024, issuing 150,000,000 shares at HKD 0.12 per share, raising approximately HKD 17.0 million after expenses[156]. - Approximately HKD 8.0 million has been fully utilized for general working capital from the first placement, with about HKD 11.9 million remaining for developing new businesses in various profitable sectors[161]. - Approximately HKD 3.0 million has been fully utilized for general working capital from the second placement, with about HKD 14.0 million allocated for developing food and beverage and IT business segments[184]. Taxation and Compliance - The company did not recognize any taxable profits for the year ended March 31, 2024, thus no provision for Hong Kong profits tax was necessary[56]. - The group generated tax expenses of approximately HKD 0.1 million for the year ended March 31, 2024, down from HKD 1.7 million for the year ended March 31, 2023, due to a decrease in taxable profits[145]. - As of March 31, 2024, the total amount of unutilized tax losses available to offset future profits was approximately HKD 6,564,000, up from HKD 4,599,000 in 2023[79]. Strategic Developments - The company changed its name from "WAC Holdings Limited" to "King Of Catering (Global) Holdings Ltd." effective January 15, 2024[29]. - The company plans to develop a multifunctional platform named C-PON under a licensing agreement with KOC Japan Inc., with a licensing fee of HKD 100,000 and a profit share of 10%[107]. - The group aims to diversify its services by providing equipment leasing services at construction sites and has rebranded to "Food King (Global) Holdings Limited" to reflect its expansion into new business segments including food and beverage and information technology[136]. - The management believes that increased potential land supply for residential and commercial development will drive growth in the construction consulting industry in Hong Kong[110]. - The company aims to secure more consulting engineering service contracts to strengthen its market position and expand its market share[110]. Other Financial Metrics - The group reported interest income of HKD 1,254,000 for the year ended March 31, 2024, compared to HKD 417,000 in 2023, indicating a significant increase of 200%[73]. - The expected credit loss provision for trade receivables was HKD 9.3 million as of March 31, 2024, up from HKD 6.8 million as of March 31, 2023[102]. - The current ratio improved from approximately 2.7 times as of March 31, 2023, to 3.3 times as of March 31, 2024, mainly due to an increase in contract liabilities[148]. - The group has no significant capital commitments or contingent liabilities as of March 31, 2024, indicating a stable financial outlook[124]. - The group has incurred employee costs of approximately HKD 11.0 million for newly hired senior engineers and interns in structural engineering projects as of March 31, 2024[187].

Financial Performance - Revenue for the three months ended September 30, 2023, was HKD 25,259,000, a slight increase of 0.8% compared to HKD 25,058,000 in the same period of 2022[9] - Gross profit decreased to HKD 7,795,000, down 28.5% from HKD 10,878,000 year-on-year[9] - The company reported a net loss of HKD 6,041,000 for the period, compared to a profit of HKD 2,198,000 in the same period last year[9] - Other income for the three months was HKD 833,000, down 63.2% from HKD 2,260,000 in the previous year[9] - The total comprehensive loss attributable to owners of the company was HKD 6,022,000, compared to a profit of HKD 2,351,000 in the previous year[9] - Total revenue for the six months ended September 30, 2023, was HKD 51,445,000, an increase of 13.5% compared to HKD 45,472,000 for the same period in 2022[33] - The company recorded a loss attributable to owners of the company of HKD 4.858 million for the six months ended September 30, 2023, compared to a profit of HKD 2.268 million for the same period in 2022[71] - The group recorded a loss of approximately HKD 4.9 million for the six months ended September 30, 2023, compared to a profit of approximately HKD 2.3 million for the same period in 2022, mainly due to losses from the disposal of an associate[117] Assets and Liabilities - The financial position as of September 30, 2023, showed total assets of HKD 87,309,000, a decrease from HKD 92,469,000 as of March 31, 2023[12] - The total assets less current liabilities amounted to HKD 93,217,000, a decrease from HKD 98,691,000 as of March 31, 2023[25] - The company's equity attributable to owners was HKD 87,309,000, down from HKD 91,956,000 as of March 31, 2023[25] - Cash and cash equivalents at the end of the reporting period were HKD 36,730,000, down from HKD 41,164,000 at the beginning of the period[51] - Trade receivables as of September 30, 2023, amounted to HKD 48.828 million, an increase from HKD 39.523 million as of March 31, 2023[73] Employee Costs - Employee costs totaled HKD 33,576,000 for the six months ended September 30, 2023, compared to HKD 29,262,000 for the same period in 2022, reflecting an increase of 15.5%[39] - The company’s employee costs increased from HKD 24.631 million for the six months ended September 30, 2022, to HKD 26.518 million for the same period in 2023[64] - Employee costs for the six months ended September 30, 2023, were approximately HKD 33.6 million, up from approximately HKD 29.3 million for the same period in 2022[126] - The company hired 23 new engineering staff and interns to handle new projects in structural engineering, resulting in employee costs of approximately HKD 11.0 million as of September 30, 2023[164] - The company has expanded its civil engineering team by hiring 20 new engineering staff, incurring employee costs of approximately HKD 7.9 million as of September 30, 2023[164] Business Strategy and Operations - The company plans to focus on market expansion and new product development in the upcoming quarters[9] - The company is focused on expanding its consulting services to existing clients and is seeking to increase the variety of services offered[84] - The company aims to secure more engineering consulting service contracts to expand its market share despite a challenging business environment[84] - The company is exploring business opportunities through acquisitions or investments in the construction and property development sectors[169] Governance and Compliance - The audit committee has reviewed and approved the unaudited consolidated financial statements for the six months ending September 30, 2023[183] - The company has complied with the applicable corporate governance code provisions as of September 30, 2023, with ongoing reviews to enhance governance standards[194] - There have been no violations of the securities trading regulations by the directors during the six months ended September 30, 2023[195] Dividends and Share Capital - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2023, consistent with the previous year[70] - The company’s authorized share capital is HKD 15,000,000, divided into 1,500,000,000 shares with a par value of HKD 0.01 each, with 1,152,000,000 shares issued[139] - The company has not purchased, sold, or redeemed any of its listed securities during the six months ending September 30, 2023[193] Other Financial Information - The company did not recognize any tax provision for the six months ended September 30, 2023, due to estimated tax losses in its subsidiaries registered in China[42] - The group’s income tax expense decreased from approximately HKD 0.8 million for the six months ended September 30, 2022, to approximately HKD 0.5 million for the same period in 2023[116] - The financing costs for the six months ended September 30, 2023, were approximately HKD 0.2 million, compared to HKD 0.1 million for the same period in 2022[115] - The group has no borrowings as of September 30, 2023, indicating a strong financial position with sufficient liquidity to meet funding needs[119] - The group maintains a prudent treasury policy and closely monitors its liquidity position to manage cash flow risks[120] - The group has no significant contingent liabilities as of September 30, 2023[123]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 WAC HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） 8619 （股份代號： ） 2023 9 30 截至 年 月 日止六個月之中期業績公告 WAC Holdings Limited （「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及其 2023 9 30 附屬公司（統稱為「本集團」）截至 年 月 日止六個月的未經審核簡明綜合財務 2023 9 30 2023 2023 業績。本公告載列本公司截至 年 月 日止六個月的 年中期報告（「 年中 GEM GEM 期報告」）全文，並符合香港聯合交易所有限公司的 證券上市規則（「 上市規 2023 則」）有關中期業績初步公告隨附資料的相關規定。 年中期報告的印刷版本將按 GEM 上市規則規定的方式適時寄發予本公司股東，並可於香港聯合交易所有限公司 網站及本公司網站閱覽。 承董事會命 WAC HOLDINGS LIMITED 主席 ...

Share Capital and Ownership - As of June 30, 2023, WAC Holdings Limited has a total issued share capital of 1,152,000,000 shares[3]. - Wan Nian Real Estate Development Limited holds 342,072,000 shares, representing approximately 29.69% of the total issued share capital[1][9]. - Huang Wenxuan holds 121,458,000 shares, which accounts for about 10.54% of the total issued share capital[1]. - The company’s capital structure consists solely of ordinary shares, with a total issued share capital of 1,152,000,000 shares as of June 30, 2023[142]. - The company’s major shareholders, Dr. Chen and Mr. Kwan, each hold approximately 29.69% of the total issued share capital through their controlled corporation[135][136]. - Dr. Chen holds 7,500 shares of ordinary stock, representing 68.2% ownership in Wan Nian Property Development Limited[143]. - Mr. Kwong holds 3,500 shares of ordinary stock, representing 31.8% ownership in Wan Nian Property Development Limited[143]. - As of June 30, 2023, no other directors or key executives hold any shares or relevant securities that require registration under the Securities and Futures Ordinance[143]. Financial Performance - The company's revenue for the three months ended June 30, 2023, was HKD 26,186,000, representing a 28% increase from HKD 20,414,000 in the same period of 2022[26]. - Gross profit for the same period was HKD 9,530,000, up 83% from HKD 5,214,000 year-on-year[26]. - The company reported a profit before tax of HKD 1,383,000, compared to HKD 204,000 in the previous year, marking a significant increase[26]. - Total comprehensive income for the period was HKD 1,375,000, a substantial rise from HKD 165,000 in the prior year[43]. - The company recorded a foreign exchange gain of HKD 192,000 from the translation of overseas operations[43]. - The company recorded a profit attributable to owners of HKD 1,183,000 for the three months ended June 30, 2023, compared to HKD 70,000 for the same period in 2022, indicating a significant increase[67]. - The company's profit for the period surged from approximately HKD 0.1 million to approximately HKD 1.2 million, a growth of about 1,100%[95]. Expenses and Costs - Administrative expenses increased to HKD 6,033,000 from HKD 4,687,000, reflecting a 29% rise[26]. - Total employee costs increased to HKD 16,372,000 in Q2 2023 from HKD 14,516,000 in Q2 2022, reflecting a rise of about 12.8%[57]. - Service costs increased by HKD 1.5 million, or approximately 9.6%, to HKD 16.7 million for the three months ended June 30, 2023, primarily due to increased subcontracting consultation fees and employee costs related to structural and geotechnical engineering services[115]. - General and administrative expenses rose by approximately 28.7%, from about HKD 4.7 million to approximately HKD 6.0 million, mainly due to increased employee costs and operational scale[94]. - Financing costs increased to HKD 88,000 in Q2 2023 from HKD 51,000 in Q2 2022, indicating a rise of approximately 72.5%[83]. Corporate Governance and Compliance - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2023[6]. - The company has complied with the corporate governance code as per GEM Listing Rules during the reporting period[16]. - The board of directors will continue to review corporate governance practices to meet increasing expectations from shareholders and stakeholders[14]. Dividends and Share Options - No dividends were proposed for the three months ended June 30, 2023, consistent with the same period in 2022[14]. - The company did not grant any share options under the plan during the three months ended June 30, 2023[15]. - No share options were outstanding as of June 30, 2023[15]. - The company did not recommend any dividend for the three months ended June 30, 2023, consistent with the previous year[66]. Future Outlook and Investments - The company has not disclosed specific future outlook or guidance in the provided documents[26]. - There is no mention of new products, technologies, market expansion, or mergers and acquisitions in the available information[26]. - The company has no significant plans for major investments or capital assets beyond those outlined in its business plan as of June 30, 2023[122]. - The company anticipates that its operations will continue to be funded by internally generated cash flows and, if necessary, additional equity financing or bank borrowings[118]. - The company plans to expand its civil engineering team and support its structural and geotechnical engineering team, with a total investment of HKD 26.9 million allocated for various operational and development initiatives[131]. Employee and Operational Details - The company employed a total of 160 employees as of June 30, 2023, compared to 140 employees as of June 30, 2022, with employee costs amounting to approximately HKD 16.4 million for the period[127]. - The company has hired 23 new engineering personnel and interns for structural engineering projects, resulting in employee costs of approximately HKD 11.0 million as of June 30, 2023[104]. - The company has purchased new computers and software for new employees at a cost of approximately HKD 0.8 million as of June 30, 2023[104]. - The company has acquired a company for approximately HKD 0.1 million as of June 30, 2023, and is exploring further investment opportunities[105]. - The company operates primarily in Hong Kong, with nearly all external revenue derived from services provided in this region[81]. - The company’s operational focus remains on comprehensive structural and geotechnical engineering consulting services, primarily in Hong Kong and Macau[91]. Financial Position - The total equity as of June 30, 2023, was HKD 93,331,000, an increase from HKD 91,956,000 at the beginning of the period[30]. - The current ratio slightly increased from approximately 2.7 times as of March 31, 2023, to approximately 2.8 times as of June 30, 2023[96]. - The company had no borrowings as of June 30, 2023, indicating a strong financial position with sufficient liquidity to meet funding needs[120]. - The company has no significant contingent liabilities as of June 30, 2023, ensuring a stable financial outlook[124].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部 份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 WAC HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） 8619 （股份代號： ） 第一季度業績公告 2023 6 30 截至 年 月 日止三個月 WAC Holdings Limited （「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及 2023 6 30 其附屬公司（統稱為「本集團」）截至 年 月 日止三個月的未經審核簡明綜合 2023 6 30 2023 財務業績。本公告載列本公司截至 年 月 日止三個月的 年第一季度報告 2023 GEM （「 年第一季度報告」）全文，並符合香港聯合交易所有限公司的 證券上市 GEM 2023 規則（「 上市規則」）有關第一季度業績初步公告隨附資料的相關規定。 年第 GEM 一季度報告的印刷版本將按 上市規則規定的方式適時寄發予本公司股東，並可 於香港聯合交易所有限公司網站及本公司網站閱覽。 承董事會命 WAC HOLDINGS ...

Financial Performance - The group's revenue increased from approximately HKD 791 million for the year ended March 31, 2022, to approximately HKD 869 million for the year ended March 31, 2023, representing an increase of approximately HKD 78 million or 9.8%[24]. - Gross profit decreased from approximately HKD 260 million for the year ended March 31, 2022, to approximately HKD 245 million for the year ended March 31, 2023, a decline of approximately HKD 15 million or 5.6%[27]. - The group reported a net profit of approximately HKD 1.9 million for the year ended March 31, 2023, compared to a loss of approximately HKD 4.7 million for the year ended March 31, 2022[51]. - The company reported a total of 146 employees as of March 31, 2023, an increase from 141 employees in 2022[127]. - The company reported a net profit margin of 12% for the fiscal year 2023, an increase from 10% in the previous year[89]. Costs and Expenses - Service costs rose from approximately HKD 531 million for the year ended March 31, 2022, to approximately HKD 624 million for the year ended March 31, 2023, an increase of approximately HKD 93 million or 17.4%[26]. - The company reported that employee costs accounted for approximately 84.6% of total service costs for the year ended March 31, 2023, compared to 89.1% for the previous year[26]. - General and administrative expenses increased by approximately HKD 0.7 million or 3.4% to approximately HKD 22.1 million for the year ended March 31, 2023[38]. - The group employed a total of 143 employees as of March 31, 2023, with employee costs amounting to approximately HKD 59.8 million, up from approximately HKD 55.5 million in the previous year[59]. Business Strategy and Opportunities - The company aims to leverage existing resources to develop current and potential new business opportunities to further enhance profitability[20]. - The company will continue to explore new business opportunities to deliver substantial returns to shareholders[19]. - The increase in revenue was primarily due to structural and geotechnical engineering consulting services for new property construction, which rose by approximately HKD 14.6 million[33]. - The company plans to closely monitor the overall situation in Hong Kong and China to take necessary actions, including hiring qualified professionals or acquiring businesses, to provide more comprehensive services[20]. Investments and Acquisitions - The company has allocated HKD 4.6 million for acquisitions or investments in the construction and property development sector, with HKD 0.1 million utilized by March 31, 2023[63]. - The company has completed a strategic acquisition of a local competitor for HKD 300 million, which is expected to enhance its market position and operational capabilities[89]. - The company has invested approximately HKD 0.8 million in new computers and software for new employees as of March 31, 2023[62]. Risk Management and Compliance - The company has established a risk management and internal control system, which was deemed effective and adequate for the fiscal year ending March 31, 2022[165][176]. - The audit committee ensures the effectiveness of the first and second lines of defense in risk management through annual reviews with external professionals[195]. - The board is aware of its responsibilities under the Securities and Futures Ordinance and listing rules to promptly disclose any inside information[196]. Employee and Workplace Safety - The company provides safety equipment and maintains a safe working environment to prevent workplace accidents and injuries[129]. - The group recorded zero work-related injuries and zero days lost due to work-related incidents in 2023, maintaining a strong safety record[198]. - The group emphasizes strict compliance with safety regulations to achieve zero accidents, particularly on construction sites[200]. - The company has established emergency and evacuation procedures to respond effectively to major safety incidents[200]. Corporate Governance - The board of directors is responsible for corporate governance, including the development and review of governance policies and compliance with legal and regulatory requirements[161]. - The board's composition and structure are reviewed annually to ensure alignment with the company's corporate strategy[185]. - The company has adopted a nomination policy effective from August 27, 2018, to ensure the board has the necessary skills and diversity[145].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 WAC HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） 8619 （股份代號： ） 2023 3 31 截至 年 月 日止年度之 年度業績公告 WAC Holdings Limited （「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會 2023 3 31 （「董事會」）欣然宣佈本集團截至 年 月 日止年度之經審核綜合業績（「年度業 2023 3 31 績」）。本公告載列本集團截至 年 月 日止年度的年報（「年報」）全文，其內容乃 GEM 根據香港聯合交易所有限公司（「聯交所」） 證券上市規則的相關披露規定而編 (www.wcce.hk) (www.hkexnews.hk) 製。年報將刊載於本公司網站 及聯交所網站 ，並於 適當時候寄發予本公司股東。 承董事會命 WAC HOLDINGS LIMITED 主席 陳延年博士 2023 6 30 香港， 年 月 日 ...