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兴胜创建(00896) - 2022 - 年度财报
HANISONHANISON(HK:00896)2022-07-19 06:59

Financial Performance - The revenue for the year from continuing and discontinued operations was reported, with specific figures not provided in the extracted content[13]. - The financial highlights section indicates a summary of key financial metrics, although detailed numbers are not available in the extracted content[13]. - For the year ended 31 March 2022, the Group recorded revenue of HK$1,438.3 million, a slight decrease from HK$1,451.6 million in 2021[19]. - Consolidated profit attributable to owners of the Company was HK$154.3 million, representing a decrease of 43.9% compared to HK$275.0 million in the previous year[19]. - Basic earnings per share were HK14.0 cents, down 44.4% from HK25.2 cents in 2021, while diluted earnings per share were HK13.9 cents, down 44.8%[19]. - As of 31 March 2022, the net asset value of the Group increased by 1.9% to HK$4,216.4 million from HK$4,137.1 million in 2021[19]. - The Group declared a total dividend of HK7.5 cents per share for the year, consistent with the previous year[19]. Business Segments - The company is engaged in various business segments, including construction, property investment, and health products, reflecting a broad operational focus[11]. - The revenue for the Construction Division was HK$1,198.1 million for the year ended 31 March 2022, an increase of 4.3% from HK$1,148.2 million in 2021[64]. - The revenue for the Interior and Renovation Division was HK$158.2 million for the year ended 31 March 2022, a decrease of 19.1% from HK$195.7 million in 2021[57]. - The revenue for the Building Materials Division was HK$42.0 million for the year ended 31 March 2022, compared to HK$48.9 million in 2021[59]. - The Property Development Division recorded no revenue for the year ended March 31, 2022, consistent with the previous year[121]. - The Property Investment Division recorded a revenue of HK$63.4 million for the year ended 31 March 2022, a slight decrease from HK$63.7 million in 2021[141]. - The revenue of the Property Agency and Management Division for the year ended 31 March 2022 was HK$8.5 million, a decrease of 50.9% from HK$17.3 million in 2021[158]. - The Health Products Division recorded revenue of HK$22.6 million for the year ended 31 March 2022, down 29.8% from HK$32.2 million in the previous year[171]. Market Conditions - The overall economic growth in Mainland China reached 8.1% in 2021, although the resurgence of COVID-19 is expected to slow this growth in 2022[23]. - The Hong Kong government's funding for capital works projects reached a record high of HK$220 billion, supporting the construction sector[27]. - The Hong Kong government plans to increase public infrastructure project spending to HK$100 billion annually, which is expected to benefit the construction sector[45]. - The government aims to supply around 27,000 semi-skilled and skilled workers to the construction sector as part of a HK$1 billion plan to address labor shortages[45]. - The competitive landscape remains challenging, with price, service quality, project timelines, and track records being key factors for property owners in selecting service providers[97]. - The rental market is expected to remain slow, with property investors likely to adopt short-term rental relief packages and leasing incentives to attract tenants[148]. - Inflationary pressures from the Russia-Ukraine conflict are expected to impact the property investment market, particularly with rising global commodity prices[149]. Strategic Focus - The report outlines the company's commitment to future growth and expansion, although specific strategies are not detailed in the extracted content[3]. - The Group plans to apply new technologies and advanced information systems to improve construction efficiency and effectiveness[81]. - The Group aims to expand its construction workforce by attracting young talent and enhancing training and human resources development[81]. - The Group's strategy includes maintaining a culture of continuous improvement and commitment to exceeding client expectations[98]. - The Group aims to improve competitiveness through effective cost management strategies in a dynamic operating environment[116]. - The Group aims to generate positive cash flow and maintain a low gearing ratio to navigate potential market challenges[152]. - The Group will continue to monitor local and global economic developments and adapt its property portfolio management accordingly[152]. Management and Governance - The board of directors includes key figures such as Mr. Cha Mou Daid, Johnson (Chairman) and Mr. Wong Sue Toa, Stewart (Managing Director), indicating strong leadership[5]. - The annual report includes a corporate governance report, emphasizing the company's commitment to transparency and accountability[3]. - The management expressed gratitude to shareholders and business partners for their continued support during a challenging year[50]. - The management will continue to adopt a pragmatic strategy in response to the uncertain economic environment[48]. Operational Challenges - The Group maintained a cautious approach to operations, focusing on consolidating fundamentals and strengthening financial position through divestments[23]. - The Group remains aware of operational challenges, including compliance with strict government regulations and the shortage of skilled labor[80]. - The Group's proactive approach to tender procedures and cost control is essential in the current dynamic and complex operating environment[80]. - The construction industry is expected to face ongoing challenges from high shipping and logistics costs, which will impact overall project costs[45]. Future Outlook - The Group is optimistic about the construction sector's prospects, despite challenges such as skilled labor shortages and high raw material costs[27]. - The company remains optimistic about the construction sector's prospects despite inflationary pressures and rising raw material costs due to the war in Ukraine[45]. - The interior and renovation business is expected to benefit from the recovery of the construction sector, with positive prospects ahead[98]. - The Group is exploring the integration of environmental technology into green construction, including research and application of green construction materials[98].