CHI KAN HOLDINGS LIMITED 智勤控股有限公司 (Incorporated in the Cayman Islands with limited liability) Stock Code 股份代號：9913 (於開曼群島註冊成立的有限公司) ANNUAL REPORT 年報 2025 Contents 目錄 | | Pages | | --- | --- | | | 頁次 | | Corporate Information | 2 | | 公司資料 | | | Chairman's Statement | 4 | | 主席報告 | | | Management Discussion and Analysis | 6 | | 管理層討論及分析 | | | Biographies of Directors and Senior Management | 19 | | 董事及高層管理人員簡歷 | | | Directors' Report | 25 | | 董事會報告 | | | Corporate Governance Report | 47 | | 企業管治報告 | | | Environ ...

智勤控股公告，截至2025年3月31日止年度的收益减少约8.1%至约14.14亿港元，而2024年财政年度的收 益约为15.39亿港元。毛利率由2024年财政年度的约15.9%增加约9.8%至2025年财政年度的约25.7%。公 司拥有人应占年内亏损约为760万港元，而去年公司拥有人应占溢利则为2810万港元。撇除非经常性合 约资产及贸易应收款项减值亏损，2025年财政年度公司拥有人应占年内经调整溢利为约1060万港元，较 2024年财政年度的约2810万港元减少约62.1%。董事会不建议派付2025财政年度的末期股息。 ...

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2025年3月31日止年度之 年度業績公告 財務摘要 – 1 – • 於截至2025年3月31日 止 年 度（「2025年財政年度」）的 收 益 減 少 約8.1%至 約 1,414,500,000港元，而於截至2024年3月31日 止 年 度（「2024年財政年度」）的 收益約為1,538,800,000港元。 • 毛利率由2024年財政年度的約15.9%增加約9.8%至2025年財政年度的約 25.7%，此乃由於電子商務業務的毛利由2024年財政年度約214,100,000港元 增加至2025年財政年度約357,000,000港元所致。 • 本公司擁有人應佔年內虧損約為7,600,000港元，而去年本公司擁有人應佔 溢利則為28,100,000港元。撇除非經常性合約資產 ...

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].

Financial Performance - Revenue for the fiscal year ended March 31, 2024, decreased by approximately 5.2% to about HKD 1,538,800,000, compared to HKD 1,623,500,000 for the fiscal year ended March 31, 2023[2] - Profit attributable to owners of the company for the fiscal year 2024 was approximately HKD 28,100,000, a decrease of about 47.4% from approximately HKD 53,500,000 in the fiscal year 2023[2] - Total comprehensive income for the year was HKD 40,241,000, compared to HKD 57,365,000 in the previous year[5] - The group's net profit for the year ended March 31, 2024, was approximately HKD 28,107,000, a decrease from HKD 53,501,000 in 2023, reflecting a decline of 47.5%[26] - The audited consolidated revenue for the fiscal year 2024 was approximately HKD 1,538.8 million, a decrease from HKD 1,623.5 million in the fiscal year 2023[43] - The net profit attributable to owners decreased to approximately HKD 28.1 million, a decline of 47.4% compared to HKD 53.5 million in the previous year[44] Profitability Metrics - Gross profit margin increased from approximately 13.6% in the fiscal year 2023 to about 15.9% in the fiscal year 2024, driven by an increase in e-commerce gross profit from approximately HKD 170,800,000 to HKD 214,100,000[2] - Adjusted profit attributable to owners, excluding non-recurring government subsidies, was approximately HKD 28,100,000, down about 11.7% from approximately HKD 31,800,000 in the fiscal year 2023[2] - The gross profit for fiscal year 2024 was approximately HKD 246 million, with a gross profit margin of about 15.9%, up from 13.6% in the previous fiscal year[43] Revenue Breakdown - The construction business generated revenue of HKD 1,212,063,000, down from HKD 1,373,748,000, representing a decline of 11.8%[17] - E-commerce business revenue increased to HKD 326,790,000, up 30.8% from HKD 249,825,000 in the previous year[17] Assets and Liabilities - Non-current assets as of March 31, 2024, amounted to HKD 4,828,000, compared to HKD 4,779,000 in the previous year[6] - Current assets decreased from HKD 706,766,000 in 2023 to HKD 617,413,000 in 2024[6] - Total liabilities decreased from HKD 254,966,000 in 2023 to HKD 141,866,000 in 2024[6] - Net assets attributable to owners of the company increased from HKD 445,551,000 in 2023 to HKD 470,294,000 in 2024[7] Cash Flow and Financing - The group had approximately HKD 227.6 million in cash and cash equivalents as of March 31, 2024, down from HKD 318.8 million in the previous year[47] - Financing income net amount reached HKD 3,007,000, significantly up from HKD 442,000 in 2023, marking a growth of 579%[22] Employee and Operational Metrics - Total employee benefits expenses, including directors' remuneration, amounted to HKD 273,914, an increase of 23% from HKD 222,639 in the previous year[20] - The group employed 1,118 staff as of March 31, 2024, an increase from 605 in the previous year[48] Dividends and Shareholder Returns - The board of directors did not recommend the payment of a final dividend for the fiscal year 2024[2] - The group did not declare or recommend any dividends during the year, consistent with the previous year[27] Government Subsidies and Support - The company received government subsidies of HKD 25,000 in the current year, a significant decrease from HKD 21,670,000 in the previous year[18] Future Outlook - The company anticipates a recovery in e-commerce business as the COVID-19 pandemic ends, with expectations of continued growth in the online retail market due to changing consumer habits[51] - The company remains confident in its future operational scale development despite challenges in the construction industry in Hong Kong, supported by government policies on land supply and infrastructure investment[51] Compliance and Governance - The company has adopted the corporate governance code and has complied with all applicable provisions up to March 31, 2024, with some deviations noted regarding the separation of roles between the chairman and CEO[54] - The audit committee, composed of three independent non-executive directors, has reviewed the consolidated financial statements for the year ending March 31, 2024[55] - The external auditor confirmed that the preliminary announcement figures are consistent with the audited consolidated financial statements for the year ending March 31, 2024[56] Other Financial Metrics - The current ratio improved from 2.8 times in 2023 to 4.4 times in 2024, primarily due to a decrease in trade payables[46] - The asset-to-liability ratio increased from 6.5% in 2023 to 6.7% in 2024, mainly due to an increase in bank borrowings[46]

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].