Financial Performance - For the fiscal year ending March 31, 2024, the construction engineering segment is projected to achieve a profit of approximately HKD 24,020,000, compared to a loss of HKD 983,000 in the previous year[12]. - The construction machinery leasing segment is expected to report a profit of around HKD 12,001,000, recovering from a loss of HKD 24,089,000 in the prior year[12]. - The company reported a profit attributable to shareholders of approximately HKD 22.2 million for the year ended March 31, 2024, compared to a loss of HKD 22.0 million for the year ended March 31, 2023, primarily due to new contracts and improved cost control[19]. - The group reported a total segment profit of HKD 44,350,000 for 2024, compared to a loss of HKD 18,826,000 in 2023, marking a turnaround in profitability[121]. - The group recorded a net profit of approximately HKD 22.2 million this year, reversing from a net loss of approximately HKD 22.0 million last year[166]. Revenue and Growth - The total revenue for the year ending March 31, 2024, was approximately HKD 408.4 million, representing a 103.5% increase from HKD 200.6 million in 2023, accounting for 56.1% of total revenue compared to 39.3% in the previous year[46]. - For the fiscal year ending March 31, 2024, the group's revenue was approximately HKD 728.5 million, an increase of about 42.6% compared to HKD 511.0 million for the fiscal year ending March 31, 2023[78]. - Construction engineering revenue for 2024 reached HKD 408,405,000, a significant increase of 103.5% compared to HKD 200,578,000 in 2023[119]. - Total revenue from construction machinery leasing in 2024 was HKD 320,123,000, slightly up from HKD 310,438,000 in 2023, reflecting a growth of 2.2%[119]. - The group reported a significant increase in customer revenue from construction engineering and machinery leasing, with customer A1 generating HKD 135.4 million and customer B1 generating HKD 118.9 million, compared to HKD 80.9 million in the previous year[153]. Expenses and Liabilities - The company’s administrative expenses decreased by approximately 6.9% to HKD 22.2 million from HKD 23.9 million in the previous year, attributed to effective cost control measures[25]. - The company recognized a financing cost of HKD 14.7 million for the year, compared to HKD 10.6 million in the previous year[26]. - The company’s income tax expense for the year was HKD 1.7 million, significantly higher than HKD 0.2 million in the previous year[15]. - The group’s total liabilities included trade and other payables of 144,492,000 HKD, up from 111,700,000 HKD in the previous year[107]. - The group’s trade payables increased to HKD 84.8 million from HKD 49.8 million in the previous year[156]. Assets and Equity - The total assets for the group increased to HKD 597,266,000 in 2024, up from HKD 567,113,000 in 2023, reflecting a growth of 5.3%[122]. - The total equity of the group rose to HKD 256.6 million from HKD 234.4 million in the previous year[76]. - The net current assets increased to HKD 83.7 million from HKD 26.0 million in the previous year[75]. - The net asset value of the group increased to 256,612,000 HKD from 234,389,000 HKD year-on-year[109]. - The group’s equity attributable to owners increased to 256,629,000 HKD from 234,405,000 HKD year-on-year[110]. Capital Expenditure and Investments - Total capital expenditure for the year was HKD 164.1 million, with significant investments in machinery and vehicles[29]. - Capital expenditures for the fiscal year totaled approximately HKD 56.3 million, a significant decrease from HKD 164.1 million in the previous year[54]. - The group incurred new bank borrowings of approximately HKD 240.5 million this year, compared to HKD 188.0 million in 2023[167]. Operational Highlights - The company secured new contracts worth approximately HKD 105.1 million after March 31, 2024, indicating ongoing project activity[21]. - The company plans to expand its business by undertaking new construction projects and providing various construction machinery and vehicle rental services in Hong Kong[44]. - The group has 16 projects with a total uncompleted contract value of HKD 143.0 million as of March 31, 2024[160]. - The development of the third runway system is entering a new phase, with ongoing construction projects such as the expansion of Terminal 2 and new passenger handling systems[130]. Financial Management and Risk - The company’s cash management policy remains prudent, ensuring liquidity is maintained throughout the year[52]. - The average credit period granted was 30 days, consistent with the previous year, ensuring effective financial risk management[104]. - The group primarily funds its working capital and capital requirements through cash generated from operations and borrowings[139]. - The group has not experienced any significant impact on its consolidated financial statements from the recent amendments to accounting standards[90]. Dividends - The company did not declare or recommend any dividends for the years ended March 31, 2024, and 2023[15]. - The board has resolved not to recommend a final dividend for the year[145].
进升集团控股(01581) - 2024 - 年度业绩