剑虹集团控股2023/24年中期报告

(Incorporated in the Cayman Islands with limited liability) Stock code: 01557 INTERIM REPORT2023/24 CONTENTS 2Corporate Information4Management Discussion and Analysis18Corporate Governance and OtherInformation23Condensed Consolidated Statement ofProfit or Loss and Other ComprehensiveIncome24Condensed Consolidated Statement ofFinancial Position26Condensed Consolidated Statement ofChanges in Equity27Condensed Consolidated Statement ofCash Flows28Notes to the Condensed ConsolidatedInterim Financial Statements Corporate Information BOARD OF DIRECTORSExecutive DirectorsDr. Huang Yuan(Chairman)(appointed on 1 April 2023)Mr. Bu Youjun(appointed on 1 April 2023)Mr. Yang Xuefeng(appointed on 1 April 2023)Mr. Chen Rongsheng(Chairman)(resigned on 1 April 2023) Independent Non-executive DirectorsMr. Liu Xin Mr. Feng ZhidongMr. Wang Bo COMPANY SECRETARYMs. Lo Wan Man AUDIT COMMITTEEMr. Liu Xin(Chairman)Mr. Feng ZhidongMr. Wang Bo NOMINATION COMMITTEEDr. Huang Yuan(Chairman)(appointed on 1 April 2023)Mr. Chen Rongsheng(Chairman)(resigned on 1 April 2023)Mr. Liu XinMr. Wang Bo REMUNERATION COMMITTEEMr. Liu Xin(Chairman)Mr. Feng ZhidongMr. Wang Bo HEAD OFFICE AND PRINCIPAL PLACEOF BUSINESS IN HONG KONGUnit 01, 86/FInternational Commerce Centre1 Austin Road WestKowloonHong Kong 18601 AUDITORMcMillan Woods (Hong Kong) CPA Limited Ocorian Trust (Cayman) Ltd.Windward 3Regatta Office ParkP. O. Box 1350Grand CaymanKY1-1108Cayman Islands PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICEOcorian Trust (Cayman) Ltd.Windward 3Regatta Office ParkP. O. Box 1350Grand CaymanKY1-1108Cayman Islands PRINCIPAL BANKERSDah Sing Bank, LimitedDBS Bank (Hong Kong) LimitedFujian Haixia Bank Co., Ltd.The Bank of East Asia, LimitedThe Hongkong and Shanghai BankingCorporation LimitedUnited Overseas Bank Limited HONG KONG BRANCH SHAREREGISTRAR AND TRANSFER OFFICEUnion Registrars LimitedSuites 3301-04, 33/FTwo Chinachem Exchange Square338 King’s RoadNorth PointHong Kong 3382333301-04 01557 STOCK CODE01557 WEBSITEwww.kh-holdings.com www.kh-holdings.com Management Discussion and Analysis BUSINESS REVIEWDuring the six months ended 30 September 2023 (the “Period”), K. H. Group HoldingsLimited (the “Company”) and its subsidiaries(collectively, the “Group”) were principallyengagedin the provision of foundationservices and leasing of machinery in HongKong. Foundation and construction servicesTherewere 4 active projects as at 30 September2022.As at 30 September2023, two of these projects havebeenpracticallycompleted while the other 2projects remained in progress. 42 4 Twonew projects have been awardedto the Group during the twelve monthsended 30 September 2023 and all theseprojects were remained in progress as at 30September 2023. As a result, there were atotal of 4 active projects in progress as at30 September 2023. FINANCIAL REVIEW RevenueThe Group’s overall revenue decreased by 137,316,00045.0%75,549,000 45.0% from approximately HK$137,316,000during the six months ended 30 September2 0 2 2( t h e“ C o m p a r a t i v e P e r i o d ” )t oapproximately HK$75,549,000 during thePeriod. The decrease in the Group’s overallrevenue was mainly due to decrease inworkdone after the completion of certainlarge projects during the Period. Gross Profit/(Loss) and Gross Profit/(Loss) Margin 1,508,00021,045,0002.0%15.3% T h eg r o s s p r o f i t w a s a p p r o x i m a t e l yH K $ 1 , 5 0 8 , 0 0 0d u r i n g t h e P e r i o dcompared to gross loss of approximatelyHK$21,045,000during the ComparativeP e r i o d .T h e g r o s s p r o f i t m a r g i n w a sapproximately2.0%during the Periodc o m p a r e dt o g r o s s l o s s m a r g i n o fa p p r o x i m a t e l y1 5 . 3 %d u r i n g t h eComparative Period. Such turnaround weremainly attributable to the combined effectsof the followings: 1) 1)Additional construction costs wereincurred toward the completion stagefor certain foundations projects duringthe Comparative Period whereas theprogress and performance of currentprojects were aligned with the budgetsduring the Period; 2)COVID-19 2)Project costs escalated during theComparative Period due to unforeseenchanges in on-site arrangements andwork schedules triggered by the fifthwave outbreak of COVID-19 whereass u c hd i s r u p t i o n s w e r e g r a d u a l l ynormalised during the Period; and Management Discussion and Analysis 3)New Grace Gain agreed to dischargeaportion of the Unsecured Loan(as defined in section “DEBTS andC H A R G EO N A S S E T S ”b e l o w )a m o u n t i n gt o a p p r o x i m a t e l yH K $ 5 2 , 7 0 0 , 0 0 0t o r e c o v e r a nequivalent amount of loss arising fromcertainfoundation projects of theGroup during the Period whereas nosuch arrangement was implementedduring the Comparative Period. 3)New Grace Gain52,700,000 Other IncomeTheGroup’s other income decreased from approximately HK$5,345,000 duringthe Comparative Period to approximatelyHK$2,098,000during the Period.Suchdecrease was mainly attributa