Core Viewpoint - SU Group Holdings Limited reported strong financial results for the fiscal year ended September 30, 2024, with significant growth in revenue and net income compared to the previous fiscal year, supported by strategic investments and operational efficiency [2][4]. Financial Performance - Revenues increased by 11.3% to HK$182.2 million (US$23.4 million) for the fiscal year ended September 30, 2024, up from HK$163.7 million (US$21.0 million) in the previous year [6][26]. - Net income rose by 8.7% to HK$10.7 million (US$1.4 million) for the fiscal year ended September 30, 2024, compared to HK$9.8 million (US$1.3 million) for the fiscal year ended September 30, 2023 [16][26]. - The net income per share increased to HK$0.82 from HK$0.81 year over year [6][26]. Business Segments - The security-related engineering services business saw a revenue increase of 9.0% to HK$107.0 million (US$13.8 million) for the fiscal year ended September 30, 2024, from HK$98.1 million (US$12.5 million) in the previous year [8][6]. - The company provides a range of services including security systems installation, maintenance, and security guarding and screening services [5][7]. Cost and Profitability - Cost of revenues increased by 16.4% to HK$134.6 million (US$17.3 million) for the fiscal year ended September 30, 2024, from HK$115.6 million (US$14.9 million) in the previous year [9][26]. - Gross profit slightly decreased by 0.9% to HK$47.6 million (US$6.1 million) for the fiscal year ended September 30, 2024, down from HK$48.0 million (US$6.2 million) [10][26]. - The gross profit margin was 26.1% for the fiscal year ended September 30, 2024, compared to 29.3% in the previous year [11][26]. Operational Efficiency - Selling, general and administrative expenses decreased by 2.1% to HK$36.0 million (US$4.6 million) for the fiscal year ended September 30, 2024, from HK$36.8 million (US$4.7 million) [12][26]. - The company achieved a significant reduction in trade receivables, decreasing by 37.5% to HK$21.9 million (US$2.8 million) as of September 30, 2024, from HK$35.0 million (US$4.5 million) [17][26]. Cash Flow and Capital Structure - Net cash provided by operating activities was HK$14.1 million (US$1.8 million) for the fiscal year ended September 30, 2024, compared to a net cash used in operating activities of HK$13.5 million (US$1.7 million) in the previous year [21][26]. - The company had a cash and cash equivalents balance of HK$52.3 million (US$6.7 million) and working capital of approximately HK$82.1 million (US$10.6 million) as of September 30, 2024 [22][26].

Core Viewpoint - SU Group Holdings Limited has been selected to enhance security at a premier Class A office building in Hong Kong, indicating a growing demand for high-security solutions in the region [1][4]. Group 1: Company Overview - SU Group is an integrated security-related services company based in Hong Kong, providing engineering services, security guarding, and vocational training for over two decades [5]. - The company specializes in designing, supplying, installing, and maintaining security systems for various sectors, including commercial properties and public facilities [5]. Group 2: Security Solutions - The company will install high-security integrated lintel roller shutters that are designed to withstand physical attacks and feature advanced locking systems [2][3]. - These shutters are manufactured by Charter Global/U.K. and certified to LPS 1175 Issue 7 SR2, ensuring high standards of security [3]. Group 3: Market Demand and Future Outlook - The increasing threats of smash-and-grab incidents and rising costs associated with theft are driving demand for high-security roller shutters [4]. - The company anticipates that this recent contract win will lead to a significant increase in sales moving forward [4].

Core Viewpoint - SU Group Holdings Limited has announced a sale of AI-aided X-ray screeners to one of Asia's largest airlines, marking a significant step in enhancing security measures in air cargo screening [1][2]. Company Overview - SU Group is an integrated security-related services company based in Hong Kong, providing engineering services, security guarding, screening services, and vocational training for over two decades [4]. Product Details - The airline will initially purchase 11 AI-aided X-ray screeners designed to identify dangerous goods and prohibited items in air cargo [1]. - SU Group's proprietary Threat Stopper adaptable AI-aided X-ray screeners offer enhanced security, efficiency, and adaptability, contributing to safer airport operations [1][2]. Market Trends - There is an increasing demand for AI-aided X-ray screeners driven by factors such as: - Increased detection accuracy through AI-enhanced systems that reduce human error [3]. - Speed and efficiency improvements, allowing quicker processing times for luggage and cargo [3]. - Consistency in performance, as AI systems do not suffer from fatigue [3]. - Adaptability to new threats, with AI systems capable of being updated to recognize emerging dangers [3]. - Cost savings from improved efficiency and reduced need for manual checks [3]. - Enhanced safety and customer trust, as better security measures foster passenger confidence [3]. - Compliance with regulatory requirements, helping airlines meet increasing security standards [3].

Core Insights - SU Group Holdings Limited has secured a landmark contract worth US$4.4 million, marking the largest in the company's history, with US$3.2 million recognized as revenue in 2024 and the remainder in 2025 [1][5] Group 1: Contract Details - The contract involves the design and installation of an integrated security and monitoring system for the hostel and academic building complex at Hong Kong Baptist University (HKBU) [2] - The HKBU complex features 1,700 living spaces and a four-level Creative Hub, which includes advanced facilities such as an eSports stadium and a state-of-the-art film score recording studio [3] - The project represents the first phase of HKBU's development program, positioning the company for future phases [4] Group 2: System Features - SU Group's security system is cloud-based and AI-enhanced, integrating various subsystems including CCTV, alarms, and access control [4] - Over 2,000 access control doors and customized pedestrian gates were designed and installed as part of the project [4] Group 3: Strategic Importance - The contract is significant not only for its revenue but also for its potential to serve as a high-profile reference for the company, showcasing its capabilities in the education sector [5] - The project opens up new market opportunities for SU Group in providing security solutions to colleges and campuses [5] Group 4: Company Overview - SU Group is an integrated security-related services company in Hong Kong, providing engineering services, security guarding, and vocational training for over two decades [6] - The company specializes in designing, supplying, installing, and maintaining security systems for various sectors, including commercial and public properties [6]

Core Viewpoint - SU Group Holdings Limited has entered a new market by installing a Smart Site Safety System (4S) at a major Hong Kong hospital, leveraging AI and IoT technologies to enhance safety in construction sites, which is now mandated by the Hong Kong Government [1][2][4]. Industry Summary - The Hong Kong Government is prioritizing the integration of AI and IoT in Smart Site Safety Systems (4S) to improve safety management in public works contracts, making 4S mandatory as of July 1, 2024 [2][4]. - The government has identified that many construction accidents could have been avoided with timely alerts to site personnel, highlighting the need for advanced safety systems [2]. Company Summary - SU Group is an integrated security-related engineering services company that has been providing security solutions for over two decades, including threat detection and traffic control systems [6]. - The 4S system developed by SU Group utilizes IoT sensors for continuous monitoring of structural stability, environmental conditions, and worker movements, aiming to prevent accidents through real-time data analysis [3][5]. - The system features include AI-based safety monitoring, centralized management dashboards, digitized tracking of site equipment, and real-time alerts for unsafe conditions [5].

Company Overview - SU Group Holdings Limited is an integrated security-related engineering services company based in Hong Kong, primarily providing security-related engineering services, security guarding and screening services, and related vocational training services [4] - The company has been offering turnkey services for over two decades, including the design, supply, installation, and maintenance of security systems for various sectors [4] Key Announcement - SU Group announced that its wholly owned unit, Shine Union Limited, has been certified under the Good Employer Charter 2024 by Hong Kong's Labour Department [1] - The Good Employer Charter 2024 emphasizes the importance of human capital and the need for family-friendly employment practices to enhance employee retention and efficiency [2] Strategic Importance - The Chairman and CEO of SU Group, Dave Chan, highlighted the strategic, social, and ethical reasons for prioritizing family-friendly policies, stating that such policies improve employee engagement and retention while enhancing the company's reputation as an employer of choice [3] - The adoption of family-friendly benefits is seen as a win-win strategy, making the company more attractive to job candidates and supporting employees in managing their work-life balance [3]

Core Viewpoint - SU Group Holdings Limited has entered into a joint development memorandum of understanding with UrbanChain Group to collaborate on integrated AIoT car parking, security, and access control solutions in Hong Kong, Macao, and Southeast Asia [1][2]. Group 1: Collaboration Details - The collaboration will focus on integrated AIoT solutions for car parking, security, and access control, leveraging EV charging to enhance demand for automated systems [2]. - The companies will design a trial to evaluate the capabilities of their integrated platforms and explore monetization opportunities, including parking, EV charging, and security [2][3]. Group 2: Technology and Expertise - UrbanChain Group will provide advanced software and hardware solutions, including vehicle recognition technology and app-based payment systems, while SU Group will contribute its expertise in security and traffic management [3]. - SU Group will also explore funding opportunities in UrbanChain Group's growth through equity, debt, or convertible financial instruments [3]. Group 3: Strategic Importance - The collaboration aims to enhance customer offerings and expand market reach, which are key components of SU Group's business strategy focused on revenue growth and shareholder value [4]. - The partnership is expected to leverage UrbanChain's technology and SU Group's engineering capabilities to deliver innovative solutions [4].

Core Points - SU Group Holdings Limited, an integrated security-related engineering services company in Hong Kong, announced that its wholly owned unit, Shine Union Limited, received a prestigious workplace quality award from The Employees Retraining Board (ERB) [1] - The ERB's Manpower Developer Award recognizes organizations that excel in manpower training and development, with over 500 organizations from more than 30 industries accredited as Manpower Developers [2][3] - The program aims to promote the importance of manpower training and development and foster strategic partnerships with organizations to enhance the quality of human resources in Hong Kong [3] Company Insights - SU Group primarily provides security-related engineering services, security guarding and screening services, and related vocational training services in Hong Kong, with over two decades of experience [5] - The company emphasizes the importance of employee training and development as a strategic decision that contributes to overall growth, improved performance, productivity, and employee retention [4] - SU Group's services include the design, supply, installation, and maintenance of various security systems for both private and public sectors, including commercial properties and public facilities [5]

Core Insights - SU Group Holdings Limited has been awarded a significant new order at Hong Kong International Airport, enhancing its market share and solidifying its position as a leading provider of security-related services [1] - The company anticipates that this new order will have a positive material impact on its sales growth, although specific financial terms were not disclosed [1] Company Overview - SU Group is an integrated security-related services company based in Hong Kong, specializing in security-related engineering services, security guarding, screening services, and vocational training [7] - The company has been providing security solutions at Hong Kong International Airport since 1998, including maintenance services for X-ray machines and high-security turnstiles [6] New Order Details - The new order includes the supply of high-quality pedestrian gates in 20 additional lanes and 10 high-security vehicle barrier gates at the airport's new Terminal Concourse [6] - This expansion is in response to the increased passenger traffic post-COVID-19 and the need for enhanced security measures [9] Market Context - Hong Kong International Airport is one of the busiest airports globally, with connections to nearly 200 destinations and over 1,000 daily flights [4] - The airport's Master Plan 2030 aims to expand its capacity to accommodate projected increases in passenger traffic [4]

Core Insights - SU Group Holdings Limited reported a 4.4% increase in gross profit for the six months ending March 31, 2024, driven by higher-margin segments despite a slight decline in total revenue [2][6]. - The company experienced an 11.7% year-over-year increase in revenues from security guarding and screening services, while total revenues decreased by approximately 5.4% due to timing shifts in contract recognition [6][24]. Financial Performance - Revenues decreased to approximately HK$91.8 million for the six months ended March 31, 2024, down from HK$97.0 million for the same period last year [24]. - Cost of revenues decreased by 8.8% to HK$65.2 million, resulting in a gross profit of HK$26.6 million, which is a 4.4% increase from HK$25.5 million [3][17]. - Net income remained stable at HK$10.1 million (US$1.3 million) for the six months ended March 31, 2024, compared to the same period last year [19]. Cash Position - Cash and cash equivalents increased nearly 200% year-over-year to HK$47.2 million (US$6.0 million) as of March 31, 2024, bolstered by the successful completion of the initial public offering [2][5]. - Working capital stood at approximately HK$77.0 million (US$9.9 million) as of the same date [5]. Expenses and Taxation - Selling, general and administrative expenses rose by 12.7% to HK$15.6 million, primarily due to increased professional service fees associated with being a public entity [8]. - Income tax expenses decreased by 45.0% to HK$1.0 million, attributed to a reduction in income before tax and assessable profits of certain subsidiaries [9]. Segment Performance - Revenues from security guarding and screening services increased to HK$35.6 million, while revenues from project and maintenance services decreased by 12.4% to HK$53.6 million [24]. - Equipment leasing revenues saw a significant decline of 34.1%, dropping to HK$2.6 million [24]. Strategic Outlook - The company aims to enhance operational efficiency and expand its portfolio of security-related engineering services to capture increased revenue opportunities in higher-margin segments [2][16]. - The management remains focused on building value for shareholders through strategic partnerships and leveraging its core business platform for growth [16].