Financial Performance - The Group's unaudited consolidated revenue for the six months ended 30 September 2024 was approximately HK$867.0 million, an increase of 15.7% compared to approximately HK$749.2 million in the corresponding period in 2023[26] - The E-Commerce business generated revenue of approximately HK$277.4 million during the Period, up from approximately HK$165.9 million in the same period last year, representing a growth of 67.2%[26] - The gross profit for the Period was approximately HK$190.7 million, compared to approximately HK$131.5 million in the corresponding period in 2023, reflecting a gross profit margin increase to approximately 22.0% from 17.6%[27] - The Group's unaudited consolidated revenue for the period was approximately HK$867 million, an increase from approximately HK$749.2 million in the same period last year, primarily driven by e-commerce revenue of approximately HK$277.4 million compared to HK$165.9 million in the previous year[29] - Gross profit for the period was approximately HK$190.7 million, with a gross profit margin of approximately 22.0%, up from 17.6% in the same period last year[29] - Profit attributable to the owners of the Company decreased to approximately HK$17.5 million, representing a decrease of 15.7% from approximately HK$20.8 million in the same period last year[33] - The Group expects growth in its e-commerce business in the coming years, driven by changes in consumer habits and increased demand for online consumption[34] - Operating profit increased to HK$39,764,000, up from HK$35,191,000, representing an increase of 16.3% year-over-year[94] - Profit for the period was HK$31,495,000, which is a 9.1% increase from HK$28,844,000 in the previous year[96] Construction and E-Commerce Segments - The Group was awarded 3 new construction projects with a total contract value of approximately HK$149.4 million during the Period[17] - As of 30 September 2024, there were 26 ongoing projects with an outstanding contract sum of approximately HK$425.7 million[17] - The Group holds a 51% equity interest in CK Baiyin, which operates in the E-Commerce sector since March 2021[23] - The E-Commerce business focuses on providing high-quality and diversified products, including agricultural products, nutritional supplements, daily necessities, and cosmetics[25] - The construction business includes both conventional and prefabricated formwork services, contributing to the Group's overall service offerings[15] - Revenue from construction business amounted to HK$589,531,000, slightly up by 1.4% from HK$583,265,000 in the previous year[132] - The Group operates primarily in two segments: construction services in Hong Kong and E-Commerce in the PRC[127] - The reportable segment profit before tax for the construction business was HK$8,179, and for the e-commerce business, it was HK$38,180, leading to a total profit before tax of HK$42,283, compared to HK$36,771 in the previous year, indicating a 15.5% increase[143] Financial Position and Ratios - The current ratio improved to 4.7 times as of September 30, 2024, compared to 4.4 times as of March 31, 2024[45] - The gearing ratio decreased to 2.2% as of September 30, 2024, down from 6.7% as of March 31, 2024[45] - The Group's equity increased to approximately HK$503.2 million as of September 30, 2024, compared to approximately HK$479.5 million as of March 31, 2024[49] - Current ratio increased from 4.4 as of March 31, 2024, to 4.7 as of September 30, 2024, due to an increase in trade receivables and contract assets[49] - Gearing ratio decreased from 6.7% as of March 31, 2024, to 2.2% as of September 30, 2024, attributed to a decrease in bank borrowings during the period[49] - Total assets as of September 30, 2024, increased to HK$639,357,000, up from HK$622,241,000 as of March 31, 2024, representing a growth of approximately 2%[98] - Total equity as of September 30, 2024, was HK$503,229,000, an increase from HK$479,504,000 as of March 31, 2024, reflecting a growth of 4.9%[100] Cash Flow and Liquidity - As of September 30, 2024, the Group had cash and cash equivalents of approximately HK$168.3 million, down from approximately HK$227.6 million as of March 31, 2024[49] - The company reported a decrease in cash and cash equivalents of HK$58,897,000 for the six months ended September 30, 2024, compared to a decrease of HK$88,165,000 in the previous year[105] - Net cash used in operating activities amounted to HK$29,530,000, a decrease from HK$91,899,000 in the same period of 2023[105] - Cash flows from investing activities generated net cash of HK$3,067,000, compared to HK$2,581,000 in the previous year[105] - Net cash used in financing activities amounted to HK$32,434,000, contrasting with a net cash generation of HK$1,153,000 in the prior year[105] - The total cash and cash equivalents at the end of the period were HK$168,298,000, down from HK$230,524,000 at the end of the same period in 2023[105] Corporate Governance and Compliance - The interim report highlights the importance of corporate governance and compliance with regulatory requirements[69] - The Company complied with all applicable provisions of the Corporate Governance Code except for the deviation regarding the separation of the roles of chairman and chief executive[81] - All Directors confirmed compliance with the Model Code for Securities Transactions during the reporting period[81] - The Audit Committee, comprising three independent non-executive Directors, reviewed the financial reporting process and internal control systems[86] Shareholder Information - Magnificent Faith Limited has entered into a conditional sale agreement to dispose of 70,000,000 shares, representing 7% of the issued share capital of the Company[67] - As of the interim report date, Magnificent Faith holds 446,750,000 shares, accounting for approximately 44.6% of the Company's interests[74] - The report indicates that substantial shareholders with interests of 10% or more include Mr. Lo, Mrs. Lo, CT Vision, and ZCB[73] - The Company is subject to the provisions of the Securities and Futures Ordinance regarding the disclosure of interests in shares[73]

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 867,001 thousand, representing a 15.7% increase from HKD 749,157 thousand in 2023[2] - Gross profit for the same period was HKD 190,709 thousand, up 45% from HKD 131,458 thousand year-on-year[2] - Profit attributable to owners of the company decreased to HKD 17,538 thousand, down 15.4% from HKD 20,811 thousand in the previous year[2] - Basic earnings per share for the period was HKD 1.75, compared to HKD 2.08 in 2023, reflecting a decline of 15.8%[2] - Operating profit for the six months was HKD 39,764 thousand, an increase from HKD 35,191 thousand in the same period last year[4] - Total comprehensive income for the period was HKD 29,057 thousand, compared to HKD 24,152 thousand in 2023, marking a 20.1% increase[10] Assets and Liabilities - Total assets as of September 30, 2024, amounted to HKD 639,357 thousand, up from HKD 622,241 thousand as of March 31, 2024[13] - Current assets increased to HKD 635,451 thousand from HKD 617,413 thousand, indicating a growth in liquidity[13] - The company’s total equity attributable to owners increased to HKD 492,349 thousand from HKD 470,294 thousand, showing a growth of 4.7%[15] - Total liabilities decreased to HKD 136,128 thousand as of September 30, 2024, from HKD 142,737 thousand as of March 31, 2024, showing a reduction of 4.6%[40] Cash Flow - For the six months ended September 30, 2024, the company reported a net cash outflow from operating activities of HKD (29,530) thousand, compared to HKD (91,899) thousand for the same period in 2023, representing a significant improvement[21] - The total cash and cash equivalents at the end of the period were HKD 168,298 thousand, down from HKD 230,524 thousand at the end of the same period last year, indicating a decrease of 27%[21] - The company incurred financing cash outflows of HKD (32,434) thousand, a stark contrast to a cash inflow of HKD 1,153 thousand in the prior year, highlighting a shift in financing strategy[21] - Operating cash used in operations was HKD (31,985) thousand, a reduction of 66% compared to HKD (93,377) thousand in the same period last year, reflecting improved operational efficiency[21] Revenue Segmentation - Revenue from construction business, including formwork services, was HKD 589,531 thousand, slightly up from HKD 583,265 thousand in the previous year, while e-commerce business revenue increased to HKD 277,470 thousand from HKD 165,892 thousand[36] - The construction business segment generated contract revenue of HKD 567,879 thousand from formwork services, an increase of 13% from HKD 500,795 thousand in the previous year[36] - Reported segment revenue for the construction business was HKD 583,265 thousand, while e-commerce business revenue was HKD 277,470 thousand, totaling HKD 867,001 thousand for the six months ended September 30, 2024, representing a 15.7% increase from HKD 749,157 thousand in the same period of 2023[41] Expenses - Selling and administrative expenses increased to approximately HKD 151,100,000 from HKD 96,700,000 in the previous year, mainly due to increased sales commission expenses related to e-commerce[86] - Employee costs, including director remuneration, rose to HKD 130,777 thousand for the six months ended September 30, 2024, compared to HKD 120,665 thousand in the previous year, an increase of 8.8%[47] - The company reported a total income tax expense of HKD 10,788 thousand for the six months ended September 30, 2024, compared to HKD 7,927 thousand in the same period of 2023, reflecting an increase of 36.5%[49] Corporate Governance - The company has adopted the corporate governance code as per the listing rules and has complied with all applicable provisions until September 30, 2024, except for the separation of the roles of Chairman and CEO, which are currently performed collectively by the executive directors[106] - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing and supervising the financial reporting process and risk management[114] - The interim results announcement has not been audited by external auditors but has been reviewed by the audit committee[115] Future Outlook - The board remains confident in the future development of the group's operational scale despite challenges in the construction business in Hong Kong[89] - The company is focused on expanding its e-commerce operations in China, which has shown significant growth potential in recent periods[36]

Financial Performance - Chi Kan Holdings Limited reported a significant increase in revenue, achieving a total of $150 million, representing a 25% year-over-year growth[1]. - The company reported a net profit of $27 million, which is a 35% increase from the last fiscal year[1]. - The Group's audited consolidated revenue for FY2024 was approximately HK$1,538.8 million, a decrease of 5.2% from approximately HK$1,623.5 million in FY2023[18]. - Gross profit for FY2024 increased to approximately HK$246.0 million, up 11.3% from approximately HK$221.1 million in FY2023, with a gross profit margin rising from 13.6% to 15.9%[18]. - Profit attributable to the owners of the Company decreased by 47.4% to approximately HK$28.1 million in FY2024, down from approximately HK$53.5 million in FY2023[18]. - Adjusted profit excluding government subsidies for FY2024 was approximately HK$28.1 million, a decrease of 11.7% from approximately HK$31.8 million in FY2023[18]. Market Expansion and Strategy - The company has expanded its user base to 1.2 million active users, marking a 30% increase compared to the previous year[1]. - For the upcoming fiscal year, Chi Kan Holdings Limited projects a revenue growth of 20%, targeting $180 million in total revenue[1]. - Chi Kan Holdings Limited plans to enter two new markets in Southeast Asia by the end of the fiscal year, aiming to capture an additional 15% market share[1]. - The company is investing $10 million in research and development for new product innovations, focusing on enhancing user experience and technology integration[1]. - The company has completed a strategic acquisition of a local tech firm for $5 million, which is expected to enhance its technological capabilities[1]. E-Commerce Business - The Group has been engaged in E-Commerce business since March 2021, offering over 500 types of products across various platforms[8]. - The E-Commerce segment is strategically positioned as a brand retailer, generating income primarily from private E-Commerce platforms[15]. - The company emphasizes high quality and diversified products in its E-Commerce business, including agricultural products, nutritional supplements, daily necessities, and cosmetics[16]. - E-Commerce business revenue increased to approximately HK$326.7 million in FY2024, compared to approximately HK$249.8 million in FY2023, reflecting a growth of 30.8%[18]. Operational Efficiency - Operating profit margin improved to 18%, up from 15% in the previous year, reflecting better cost management strategies[1]. - Selling and administrative expenses rose by HK$22.0 million to approximately HK$189.2 million in FY2024, primarily due to increased operating expenses in the E-Commerce sector[18]. - The Group completed 11 existing projects during FY2024, showcasing its operational capacity despite challenges[13]. Risk Management and Challenges - The Group faces challenges in securing new projects, which are critical for maintaining revenue, as contracts are awarded on a project-by-project basis without long-term agreements[21]. - Cash flow mismatch may adversely affect liquidity, as the Group incurs upfront costs before receiving payments from customers, who typically retain 5% of the total contract sum as retention money[22]. - The Group's revenue is of a non-recurring nature, and failure to secure new projects may significantly adversely affect its business, operating performance, financial condition, and future prospects[23]. - There is a potential mismatch in cash flow due to the timing of progress payments from customers and payments to suppliers and subcontractors, which may lead to a deterioration in cash flows and financial position[25]. Sustainability and Governance - Chi Kan Holdings Limited is focusing on sustainability initiatives, allocating 5% of its annual budget towards environmental and social governance projects[1]. - The Group aims for sustainable development by strictly selecting products and manufacturers to ensure quality[16]. - The Group's commitment to sustainability includes regular communication with stakeholders to identify important sustainability topics[169]. - The Group emphasizes the importance of sustainability as a critical element for maintaining its leading position in the industry and positively contributing to community development[171]. Corporate Governance - The Company has complied with all relevant laws and regulations in Hong Kong during FY2024, ensuring operational legitimacy[31]. - The Board composition includes a mix of executive and independent non-executive directors, ensuring a balance of skills and experience[119]. - The Company has established transparent procedures for developing remuneration policies to ensure no Director participates in deciding their own remuneration[133]. - The Company has confirmed compliance with the Model Code for Securities Transactions by Directors during the year[115]. Employee and Management - The Group had 1,118 employees as at 31 March 2024, an increase from 605 employees in 2023[43]. - The management team is stable and experienced, contributing to the delivery of high-quality work and customer satisfaction[30]. - The Group's management team includes experienced professionals with backgrounds in finance, engineering, and project management[67]. Shareholder Engagement - The Group encourages shareholders to participate in general meetings and allows them to propose agenda items through written requisition[166]. - The Company maintains effective communication with shareholders through annual general meetings and its website[166]. - The Board is responsible for protecting and enhancing long-term shareholders' value and overseeing management and financial performance[118].

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，並明確表示概不會就因本公告全部 或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 CHI KAN HOLDINGS LIMITED 智勤控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9913） 截 至2024年3月31日止年度之 年度業績公告 | --- | --- | |-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 財務摘要 | | • | 於截至 2024 年 3 月 31 日 止 年 度（「 2024 年財政年度 」）的 收 益 減 少 約 5.2% 至 約 1,538, ...

Revenue Performance - The Group's unaudited consolidated revenue for the six months ended 30 September 2023 was approximately HK$749.2 million, a decrease from approximately HK$776.0 million in the corresponding period of 2022[30]. - The construction business contributed approximately HK$583.3 million to revenue, down from approximately HK$642.4 million in the same period last year, with 25 projects ongoing as of 30 September 2023[30]. - E-Commerce business revenue increased to approximately HK$165.9 million, compared to approximately HK$133.6 million in the corresponding period of 2022, reflecting a growth of about 24%[30]. - The Group's unaudited consolidated revenue for the period was approximately HK$749.2 million, a decrease from HK$776.0 million in the same period last year, primarily due to a decline in construction business revenue[31]. - Revenue for the six months ended September 30, 2023, was HK$749,157,000, a decrease of 3.9% from HK$776,006,000 in the same period last year[74]. - Revenue from construction business was HK$583,265,000, down 9.2% from HK$642,409,000 in the previous year, with formwork services contributing HK$500,795,000 and other construction services contributing HK$82,470,000[103]. - E-Commerce business revenue increased by 24.1% to HK$165,892,000 from HK$133,597,000 year-over-year[123]. Profitability - The gross profit for the Period was approximately HK$131.5 million, up from approximately HK$121.1 million in the previous year, resulting in a gross profit margin of approximately 17.6%, compared to 15.6% in 2022[30]. - Profit attributable to the owners of the Company decreased to approximately HK$20.8 million, representing a 23.2% decline from approximately HK$27.1 million in the same period last year[33]. - The adjusted profit for the year attributable to owners of the Company was approximately HK$20.8 million, a slight increase of 6.7% compared to approximately HK$19.5 million last year[33]. - Operating profit for the period was HK$35,191,000, a slight decrease of 4.7% compared to HK$36,935,000 in the previous year[74]. - Profit for the period attributable to owners of the Company was HK$20,811,000, down 23.2% from HK$27,146,000 in the same period last year[74]. - Total comprehensive income attributable to owners of the Company increased to HK$16,564,000, compared to HK$21,013,000 in the same period last year, reflecting a decline of 21.3%[76]. - Profit before income tax for the six months ended 30 September 2023 was HK$5,033,000, down from HK$6,891,000 in the same period of 2022[127]. Expenses and Costs - Selling and administrative expenses increased by HK$5.1 million to approximately HK$96.7 million, mainly due to higher selling commission expenses for the E-Commerce business[32]. - Interest expenses for the period amounted to HK$1,001,000, while interest income was HK$2,581,000, resulting in a net interest income of HK$1,580,000[110]. - Key management compensation for the six months ended September 30, 2023, was HK$2,418,000, a decrease of 9.7% from HK$2,677,000 in the same period of 2022[169]. Financial Position - The current ratio improved to 4.0 times as of September 30, 2023, compared to 2.8 times as of March 31, 2023, indicating better liquidity[42]. - The gearing ratio increased slightly to 6.7% as of September 30, 2023, from 6.5% as of March 31, 2023, reflecting stable financial leverage[42]. - The Group had cash and cash equivalents of approximately HK$230.5 million, down from approximately HK$318.8 million as at 31 March 2023[45]. - The Group's capital structure consisted of equity of approximately HK$470.1 million and debts of approximately HK$31.6 million as at 30 September 2023[45]. - Total assets decreased to HK$624,537,000, down 12.2% from HK$711,545,000 as of March 31, 2023[78]. - Current assets saw a decline to HK$620,730,000, down 12.2% from HK$706,766,000[78]. - Cash and cash equivalents decreased to HK$230,524,000, down 27.7% from HK$318,830,000[78]. - The Group's total segment revenue for the construction business and E-Commerce business combined was HK$749,157,000 for the six months ended September 30, 2023[110]. E-Commerce Business - The Group has been engaged in E-Commerce since March 2021, holding a 51% equity interest in CK Baiyin, which operates on private E-Commerce platforms[27]. - The E-Commerce business offers a variety of products, including selenium-rich agricultural products, nutritional supplements, daily necessities, and cosmetic products[28]. - The increase in E-Commerce revenue indicates a successful adaptation to the rapidly developing online retail market[30]. - The Group expects growth in its E-Commerce business in the coming years as the impact of COVID-19 subsides, driven by changing consumer habits towards online consumption[34]. Construction Business - The Group was awarded 7 new construction projects with a total contract value of approximately HK$642.8 million during the Period[24]. - As of 30 September 2023, there were 25 ongoing projects with an outstanding contract sum of approximately HK$1,140.2 million[24]. - The Group remains confident in its future development in the construction business despite a challenging environment, supported by government policies on land supply and infrastructure investments[35]. - The construction business segment's assets decreased to HK$526,874,000 from HK$601,724,000, a decline of 12.4%[115]. Shareholder Information - Mr. Lo and Mrs. Lo each hold 446,750,000 shares, representing a 44.6% interest in the company[55]. - Magnificent Faith, a company controlled by Mr. Lo, is deemed to hold the same 44.6% interest in the company[60]. - CT Vision Strategic Company Limited holds 140,310,000 shares, accounting for 14.0% of the company's interests[61]. - Zhongchuang Boli (Hong Kong) Company Limited has a beneficial ownership of 100,000,000 shares, which is 10.0% of the company's interests[61]. - The company has not identified any substantial shareholders with interests of 10% or more in any class of share capital carrying voting rights[63]. Governance and Compliance - The Company has adopted the Corporate Governance Code and complied with all applicable provisions except for the separation of the roles of chairman and chief executive[67]. - The Audit Committee currently consists of three independent non-executive Directors, overseeing financial reporting and risk management[70]. - The financial report for the six months ended September 30, 2023, was reviewed by the Audit Committee with no disagreements noted, ensuring compliance and accuracy in reporting[170].

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，並明確表示概不會就因本公告全部 或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 CHI KAN HOLDINGS LIMITED 智勤控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9913） 截 至2023年9月30日止六個月之 中期業績公告 | --- | --- | --- | |-------------------------------------------|---------------|------------| | | | | | 財務摘要 | | | | | 截 至 9 月 30 | 日止六個月 | | | （未經審核） | | | | 2023 年 | 2022 年 | | 收 益 （千港元） | 749,157 | 776,006 | | 毛 利 （千港元） | 131,458 | 121,125 | | 本公司擁有人應佔溢利 （千港元） | 20,811 | 27,146 | | 本公司擁有人應佔每股基本盈利 （每股港仙） | 2.08 | ...

Financial Performance - For FY2023, Chi Kan Holdings Limited secured 8 new contracts with a total contract sum of approximately HK$611.3 million[10]. - As of March 31, 2023, the company had 24 contracts on hand, down from 32 contracts as of March 31, 2022, with an unrecognized contract amount of approximately HK$812.3 million[10]. - The Group's audited consolidated revenue for FY2023 was approximately HK$1,623.6 million, an increase from approximately HK$1,574.3 million in FY2022[20]. - The construction business contributed approximately HK$1,373.7 million to the revenue, up from approximately HK$1,133.2 million in FY2022, with 24 projects on hand as of March 31, 2023[20]. - The E-Commerce business generated revenue of approximately HK$249.8 million during FY2023[20]. - Gross profit for FY2023 was approximately HK$221.2 million, down from approximately HK$322.4 million in FY2022, resulting in a gross profit margin of approximately 13.6%[20]. - The gross profit margin decreased by approximately 6.9% from 20.5% in FY2022 to 13.6% in FY2023, primarily due to a decline in E-Commerce gross profit[20]. - Other incomes increased by HK$20.2 million from approximately HK$1.9 million in FY2022 to approximately HK$22.1 million in FY2023, mainly due to an increase in government grants of approximately HK$21.7 million[23]. - Selling and administrative expenses decreased by HK$77.8 million to approximately HK$167.7 million, compared to approximately HK$245.5 million last year, primarily due to a reduction in operating expenses for the E-Commerce business[23]. - Profit attributable to the owners of the Company increased to approximately HK$53.5 million, representing a 37.9% increase over approximately HK$38.8 million in the previous year[23]. - Adjusted profit attributable to owners, excluding government subsidies, amounted to approximately HK$31.8 million, a decrease of approximately 18.0% compared to approximately HK$38.8 million last year[23]. Market and Business Strategy - The Group has been engaged in E-Commerce since March 2021, strategically positioning itself as a brand retailer on various platforms, offering 500 types of products[10]. - The Group's online retail business is expected to achieve sustainable and rapid development through the provision of quality and diverse products[10]. - The company continues to explore opportunities for market expansion and new strategies in response to evolving market conditions[10]. - The Group's strategy includes cooperation with three private E-Commerce platforms to provide brand commodities tailored to customer needs[18]. - The Group aims for sustainable development by strictly selecting products and manufacturers to ensure high quality[19]. - The Group expects growth in its E-Commerce business following the end of the COVID-19 pandemic, which had significantly impacted operations[55]. - The Group anticipates sustainable growth in the online retail market due to changing consumption habits driven by mobile internet usage in the PRC[55]. - The construction business in Hong Kong faces a challenging environment, but the Group remains confident in its future development due to its established reputation and healthy financial position[55]. Operational Challenges - The outbreak of COVID-19 may significantly and adversely impact the Group's business operations and financial performance due to potential delays in new construction projects and labor shortages[25]. - Cash flow mismatch may materially and adversely affect the Group's liquidity and financial position due to various upfront costs incurred before receiving payments from customers[27]. - The COVID-19 outbreak in Hong Kong may significantly adversely affect the company's business operations and financial performance due to economic uncertainty and decreased purchasing power[28]. - The company faces potential delays in project approvals and construction timelines, impacting its ability to fulfill contractual obligations and collect payments from clients[28]. - Cash inflows primarily consist of progress payments from customers, who retain a maximum of 5% of the total contract sum as retention money, which may delay cash flow[30]. - The company may incur substantial upfront costs for projects, leading to significant cash outflows and potential liquidity issues due to timing mismatches between receiving payments and making supplier payments[31]. - Discrepancies between estimated and actual costs can adversely affect the company's business and financial performance, particularly if unexpected circumstances arise[33]. - Labour costs are a major expense for construction projects, and significant increases in these costs may not be transferable to customers, negatively impacting financial performance[35]. Corporate Governance and Management - The company maintains long-term relationships with customers and partners, which is crucial for its business model and overall success[36]. - The Group's current ratio decreased from 3.3 times as of March 31, 2022, to 2.8 times as of March 31, 2023, primarily due to an increase in trade payables[45]. - The gearing ratio increased from 4.2% as of March 31, 2022, to 6.5% as of March 31, 2023, mainly due to an increase in bank borrowings[48]. - The Group's capital structure consisted of approximately HK$455.2 million in equity and approximately HK$29.5 million in debts (lease liabilities and bank borrowings) as of March 31, 2023[48]. - The Group's liquidity position is closely monitored by the Directors and senior management to meet funding needs[42]. - The Group has maintained long-term relationships with clients and partners, some exceeding 10 years, which is crucial for its business model[39]. - The Group's management team is experienced and stable, contributing to high customer satisfaction[39]. - The company is focused on expanding its market presence and enhancing operational efficiency through strategic planning and management oversight[59]. - The management team emphasizes the importance of corporate governance and compliance, ensuring transparency and accountability in operations[64]. - The company is exploring new strategies for market expansion and product development to drive future growth[60]. - The leadership's extensive experience in their respective fields positions the company well for navigating market challenges and opportunities[63]. - The company aims to leverage its management expertise to enhance shareholder value and operational performance[62]. - The board's composition reflects a commitment to diverse perspectives and expertise, which is crucial for informed decision-making[61]. Environmental, Social, and Governance (ESG) - The Group is committed to environmental protection and sustainable development through green practices in its business activities[41]. - The ESG report covers the construction and E-commerce business for the fiscal year ended 31 March 2023[184]. - The Group's environmental performance data is primarily focused on office management in Hong Kong and the PRC due to operational models at construction sites[185]. - The Group is committed to quantifying and disclosing key performance indicators within environmental and social categories[188]. - The Group emphasizes the importance of sustainability as a critical element for maintaining its leading position in the industry[191]. - The Board is fully responsible for formulating and reporting on ESG strategies, overseeing and managing ESG-related risks[192]. - The Group has established an effective risk management and internal control system to support sustainable development[192]. - The ESG management team is tasked with identifying, evaluating, prioritizing, managing, and mitigating material ESG-related issues[192]. - The Group engages with stakeholders, including shareholders and regulatory bodies, to communicate business performance and gather feedback[195]. - The Group emphasizes the importance of career development, competitive salary, and occupational health for employees[200]. - Customer expectations include service delivery quality and protection of customer information[200]. - The Group aims to build a responsible supply chain and maintain integrity in cooperation with suppliers[200]. - Community involvement and social responsibilities are key expectations from the community[200]. Shareholder and Board Matters - The Board does not recommend the payment of a final dividend for the year ended 31 March 2023[80]. - The Listing was completed on 14 August 2020, marking a significant milestone for the Group[79]. - The financial results for the year ended 31 March 2023 are detailed in the consolidated statement of comprehensive income[79]. - The Company has not granted, exercised, or cancelled any share options under the share option scheme since its adoption on July 17, 2020[83]. - The Company considers all independent non-executive Directors to be independent as per the Listing Rules[84]. - The Directors' remuneration details are provided in note 9 of the Financial Statements[92]. - The Company has appropriate directors' and officers' liability insurance coverage in place[89]. - The Company will dispatch a circular to shareholders regarding the re-election of Directors along with the annual report[84]. - The Company has established an Audit Committee, which assists the Board in reviewing financial information, internal control, and risk management systems[148]. - The Audit Committee reviewed the Company's financial statements for the year ended March 31, 2023, including accounting principles and practices[148]. - The Company provides sufficient resources for Board committees to fulfill their duties and allows them to seek independent professional advice at the Company's expense[147]. - The Company has established specific written terms of reference for all Board committees, outlining their authority and duties[144]. - The Board is responsible for overseeing the management, business strategies, and financial performance of the group to ensure good corporate governance practices[129]. - The Board meets regularly to discuss and formulate the overall strategy and financial performance of the Group, with meetings held at least four times a year[138]. - Attendance at Board meetings for FY2023 shows all Executive and Independent Non-executive Directors attended 100% of the meetings[140]. - The Remuneration Committee held two meetings to review and recommend the remuneration policy and structure for executive Directors and senior management[154]. - The Nomination Committee held two meetings to assess the Board composition and the independence of independent non-executive Directors[158]. - The Company has established a formal risk management policy and conducts annual risk assessments to identify and mitigate potential risks[164]. - The Board is responsible for overseeing the Group's risk management and internal control systems, which are reviewed at least annually for effectiveness[165]. - The Company has a structured approach to ensure compliance with legal and regulatory requirements, as well as adherence to corporate governance codes[162].

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，並明確表示概不會就因本公告全部 或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 CHI KAN HOLDINGS LIMITED 智勤控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9913） 截 至2023年3月31日止年度之 年度業績公告 | --- | --- | |-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 財務摘要 | | • | 於截至 2023 年 3 月 31 日 止 年 度（「 2023 年財政年度 」）的 收 益 增 加 約 3.1% 至 約 1,623, ...

Financial Performance - The Group's unaudited consolidated revenue for the six months ended 30 September 2022 was approximately HK$776.0 million, an increase from approximately HK$755.4 million in the corresponding period of 2021[26]. - The construction business contributed approximately HK$642.4 million to the revenue, up from approximately HK$532.1 million in the same period of 2021, with 34 projects on hand as of 30 September 2022[26]. - The E-Commerce business generated revenue of approximately HK$133.6 million, a decrease from approximately HK$223.3 million in the corresponding period of 2021[26]. - The gross profit for the Period was approximately HK$121.1 million, compared to approximately HK$73.2 million in the same period of 2021[26]. - The gross profit margin improved to approximately 15.6%, up from approximately 9.7% in 2021, indicating a healthier financial position[26]. - Profit attributable to the owners of the Company decreased to approximately HK$27.1 million, representing a decrease of 13.7% from approximately HK$31.4 million in the previous year[28]. - Total comprehensive income for the period was HK$23,662,000, down from HK$46,177,000, marking a decrease of approximately 48.8%[86]. - Basic earnings per share for the six months ended 30 September 2022 was 2.71 HK cents, down from 3.14 HK cents in the same period of 2021, reflecting a decline of approximately 13.7%[145]. E-Commerce Business - The Group offers over 500 types of products through its E-Commerce business, focusing on high-quality and diversified offerings[24]. - The E-Commerce business has been strategically positioned as a brand retailer in private E-Commerce platforms, collaborating with three platforms[23]. - The Group has been engaged in E-Commerce since March 2021, holding a 51% equity interest in CK Baiyin, a company incorporated in China[23]. - The Group plans to further expand technical platforms, increase product types, and enhance smart services to capture a larger market share in the E-Commerce business in China[31]. - E-Commerce business revenue decreased to HK$133,597,000 from HK$223,339,000, indicating a decline of approximately 40.2%[114]. Construction Business - Five new projects with an aggregate contract value of approximately HK$328.1 million were awarded to the Group during the Period[22]. - As of 30 September 2022, there were 34 ongoing projects with an outstanding contract sum of approximately HK$1,274.9 million[22]. - Revenue from construction business, including formwork services and other construction services, was HK$642,409,000, up from HK$532,110,000, reflecting a growth of about 20.7%[114]. - The reportable segment profit before tax for the construction business was HK$30,105,000[121]. - The Group's construction business primarily serves customers in Hong Kong[118]. Expenses and Costs - Selling and administrative expenses increased by HK$77.6 million to approximately HK$91.6 million, compared to approximately HK$14 million in the corresponding period last year, mainly due to increased director's emoluments and selling commission expenses for the E-Commerce business[29][30]. - Staff costs increased to HK$112,387,000 from HK$104,124,000, representing an increase of approximately 8% year-over-year[137]. Assets and Liabilities - Total assets as of September 30, 2022, increased to HK$598,574,000 from HK$575,452,000 as of March 31, 2022, representing a growth of approximately 4.9%[88]. - Trade receivables decreased to HK$75,549,000, down 22.0% from HK$96,952,000 as of March 31, 2022[88]. - Contract assets increased significantly to HK$269,610,000, up 20.5% from HK$223,788,000 as of March 31, 2022[88]. - Current liabilities decreased slightly to HK$169,042,000 from HK$170,682,000, indicating a reduction of approximately 1.0%[90]. - Total debts, including lease liabilities and bank borrowings, increased to approximately HK$38.5 million as of September 30, 2022, from approximately HK$16.8 million as of March 31, 2022[44]. Corporate Governance - The company complied with all applicable provisions of the Corporate Governance Code except for the separation of roles between chairman and chief executive[69]. - The company recognizes the importance of maintaining high standards of corporate governance to protect shareholder interests[66]. - The company has adopted the Model Code for Securities Transactions by Directors, ensuring compliance among all directors during the reporting period[71]. Cash Flow - Cash and cash equivalents were approximately HK$189.2 million as of September 30, 2022, down from approximately HK$217.9 million as of March 31, 2022[43]. - Net cash used in operating activities for the six months ended 30 September 2022 was HK$31,827,000, compared to HK$13,594,000 in the same period of 2021, indicating a significant increase in cash outflow[95]. - Net cash used in investing activities was HK$16,131,000 for the six months ended 30 September 2022, compared to HK$2,078,000 in the previous year, reflecting increased investment expenditures[95]. - Net cash generated from financing activities was HK$19,424,000 for the six months ended 30 September 2022, a substantial recovery from a net cash outflow of HK$822,000 in the same period of 2021[95]. Shareholder Information - Mr. Lo holds a total interest of 546,750,000 shares, representing approximately 54.6% of the company[57]. - Mrs. Lo, as the spouse of Mr. Lo, is deemed to have an interest in all shares held by Mr. Lo, totaling 546,750,000 shares or 54.6%[58]. - Magnificent Faith, wholly owned by Mr. Lo, holds 546,750,000 ordinary shares, equating to 54.6% of the company[62]. - CT Vision Strategic Company Limited, beneficially owned by Dr. Ho, holds 140,310,000 ordinary shares, representing 14.0% of the company[62]. Miscellaneous - There were no significant investments, material acquisitions, or disposals of subsidiaries and affiliated companies during the six months ended September 30, 2022[50]. - The company did not recommend the payment of a dividend for the six months ended 30 September 2022, consistent with the previous year[173]. - The Group did not have any significant contingent liabilities as of 30 September 2022, and ongoing litigations are expected to be covered by insurance[176].

Contracts and Revenue - In FY 2022, Chi Kan Holdings Limited was awarded 16 new contracts with an aggregate contract sum of approximately HK$1,112.0 million[24]. - As of March 31, 2022, the company had a total of 32 contracts on hand, an increase from 28 contracts as of March 31, 2021[24]. - The amount of contract sum yet to be recognized as of March 31, 2022, was approximately HK$1,376.1 million, slightly down from HK$1,381.6 million as of March 31, 2021[24]. - The Group's consolidated revenue for FY2022 was approximately HK$1,574.3 million, a significant increase from approximately HK$826.2 million in FY2021, primarily driven by construction projects and E-Commerce revenue[32]. - The construction business contributed approximately HK$1,133.2 million to the revenue, with 32 projects on hand as of March 31, 2022, compared to 28 projects in FY2021[32]. - E-Commerce business generated approximately HK$441.2 million in revenue during FY2022, reflecting the Group's strategic positioning in private E-Commerce platforms[32]. E-Commerce Business - The company has been engaged in E-Commerce business since March 2021, cooperating with over 40 suppliers and offering 500 types of products[25]. - The company aims to achieve sustainable and rapid development in its online retail business by providing high-quality and diversified products[25]. - The Group has engaged with over 40 suppliers and brand merchants, offering over 500 types of products in its E-Commerce business, focusing on high-quality and diversified offerings[31]. - The Group holds a 51% equity interest in CK Baiyin, which operates in the E-Commerce sector, enhancing its market presence in the PRC[30]. - The Group plans to expand technical platforms and increase product types to enhance its market share in the E-Commerce business in China[60]. Financial Performance - Gross profit for FY2022 was approximately HK$322.4 million, with a gross profit margin of approximately 20.5%, up from 7.3% in FY2021, indicating improved profitability[32]. - Selling and administrative expenses increased significantly to approximately HK$245.8 million in FY2022, up from approximately HK$26.9 million in FY2021, mainly due to higher operating expenses in the E-Commerce segment[35]. - Profit attributable to the owners of the Company decreased to approximately HK$38.8 million, representing a decline of 9.4% from approximately HK$42.8 million in the previous year[35]. - The adjusted profit for the year, excluding non-recurring expenses, was approximately HK$38.8 million, an increase of about 6.0% compared to approximately HK$36.3 million in FY2021[35]. Challenges and Risks - The COVID-19 pandemic has posed unprecedented challenges, but the company remains hopeful for economic recovery due to vaccine developments[27]. - The outbreak of COVID-19 in Hong Kong may significantly and adversely impact the Group's business operation and financial performance due to unfavorable economic conditions and decreased purchasing power[38]. - Health safety risks during COVID-19 may lead to labor shortages, increased wages, and interruptions in business operations, delaying project progress[38]. - The Group's revenue is non-recurring, and failure to secure new projects would materially and adversely affect its business, results of operations, financial position, and future prospects[36]. - There is no assurance that the Group will be able to retain major customers or secure new projects, which could adversely affect its financial performance[36]. Management and Governance - The management team is stable and experienced, contributing to high-quality work and customer satisfaction[45]. - The Group's management team includes professionals with extensive experience in their respective fields, enhancing operational effectiveness[72]. - The Company is focused on strategic planning and business development, with oversight of daily operations by the executive team[64]. - The board includes a mix of executive and independent non-executive directors, enhancing governance and oversight[66]. - The Company has adopted the Corporate Governance Code and complied with all applicable provisions except for the separation of the roles of chairman and chief executive[119]. Environmental, Social, and Governance (ESG) - The Group is committed to quantifying and disclosing key performance indicators within environmental and social categories[173]. - The Group emphasizes the importance of sustainability as a critical element for maintaining its leading position in the industry and positively contributing to community development[175]. - The Group prioritizes community involvement and social responsibilities as part of its corporate strategy[181]. - The Group aims to improve its environmental practices continually through employee training and operational measures[190]. - The Group's ESG performance and corporate governance details are available on its website for stakeholder feedback[183]. Shareholder Relations - The annual shareholders' meetings serve as the primary forum for communication between the Company and its shareholders[165]. - The Company encourages shareholders to participate in general meetings and appoint proxies to attend[163]. - The Group's annual general meeting serves as a platform for reporting overall business performance to investors[176]. - The Company has established written guidelines for relevant employees regarding their dealings in the securities of the Company, with no incidents of non-compliance noted since the Listing[120]. Financial Position and Liquidity - The Group's liquidity position is closely monitored by directors and senior management to meet funding needs[50]. - The Group's cash inflows mainly comprise progress payments from customers, which are paid after the works have commenced and the value is confirmed[39]. - The Group expects to fund future cash flow needs through internally generated cash flows from operations and bank facilities[55]. - The Group's capital structure consisted of equity of approximately HK$403.6 million and debts of approximately HK$16.8 million as at 31 March 2022[55]. - The Group's cash flow management is prudent, with no material outstanding debts as at 31 March 2022, except for certain debts including lease liabilities and bank borrowings[55].