GC CONSTRUCTION中期报告 2023/24

CONTENTS 02Corporate Information04Interim Results Highlights05Management Discussion and Analysis13Corporate Governance and Other Information21Unaudited Condensed Consolidated InterimStatement of Comprehensive Income22Unaudited Condensed Consolidated InterimStatement of Financial Position24Unaudited Condensed Consolidated InterimStatement of Changes in Equity25Unaudited Condensed Consolidated InterimStatement of Cash Flows26Notes to the Unaudited Condensed ConsolidatedInterim Financial Statements CORPORATE INFORMATION公司資料 BOARD OF DIRECTORSExecutive Directors Mr. Chan Kiu Sum(Chairman and Chief Executive Officer)Mr. Chan Wing Ping Independent non-executive Directors Dr. Huang HongMr. Yu Chi WingDr. Lo Ki Chiu AUDIT COMMITTEE Mr. Yu Chi Wing(Chairperson)Dr. Huang HongDr. Lo Ki Chiu REMUNERATION COMMITTEE Dr. Huang Hong(Chairperson)Mr. Chan Kiu SumMr. Yu Chi Wing NOMINATION COMMITTEE Mr. Chan Kiu Sum(Chairperson)Dr. Huang HongDr. Lo Ki Chiu REGISTERED OFFICE IN THE CAYMAN ISLANDS 71 Fort StreetPO Box 500George TownGrand Cayman KY1-1106Cayman Islands 71 Fort StreetPO Box 500George TownGrand Cayman KY1-1106Cayman Islands HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 83319909 Unit 909, 9th Floor, Tower 1Cheung Sha Wan Plaza833 Cheung Sha Wan RoadKowloonHong Kong CAYMAN ISLANDS PRINCIPAL SHAREREGISTRAR AND TRANSFER OFFICE Appleby Global Services (Cayman) Limited71 Fort StreetPO Box 500George TownGrand Cayman KY1-1106Cayman Islands Appleby Global Services (Cayman) Limited71 Fort StreetPO Box 500George TownGrand Cayman KY1-1106Cayman Islands CORPORATE INFORMATION公司資料 20236122023612 COMPANY SECRETARY Mr. Yu Tsz Ngo(Appointed with effect from 12 June 2023)Mr. Choi Wan Sang Vincent(Resigned with effect from 12 June 2023) 20236122023612 Mr. Chan Kiu SumMr. Yu Tsz Ngo(Appointed with effect from 12 June 2023)Mr. Choi Wan Sang Vincent(Resigned with effect from 12 June 2023) AUDITOR 22 PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor22/F, Prince’s BuildingCentralHong Kong COMPLIANCE ADVISER 181272701 Grande Capital LimitedRoom 2701, 27/F, Tower 1Admiralty Centre18 Harcourt Road, AdmiraltyHong Kong LEGAL ADVISER TO THE COMPANY 819 As to Hong Kong lawONC Lawyers19th Floor, Three Exchange Square8 Connaught PlaceCentralHong Kong PRINCIPAL BANKER 1 Bank of China (Hong Kong) Limited1 Garden RoadHong Kong HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 148212103B Boardroom Share Registrars (HK) Limited2103B, 21st Floor148 Electric RoadNorth PointHong Kong www.chankiu.hk COMPANY’S WEBSITEwww.chankiu.hk Info@chankiu.hk INVESTOR RELATIONS CONTACTInfo@chankiu.hk 1489 STOCK CODE1489 INTERIM RESULTS HIGHLIGHTS中期業績概要 For the six months ended 30 September 20232023930 –Revenue increased from approximately HK$262.7 million for the six months ended 30 September 2022 toapproximately HK$282.8 million for the six months ended 30 September 2023, representing an increase ofapproximately HK$20.1 million or 7.7%.2022930262.72023930282.820.17.7%–Gross profit decreased from approximately HK$32.0 million for the six months ended 30 September 2022to approximately HK$29.3 million for the six months ended 30 September 2023, representing a decrease ofapproximately HK$2.7 million or 8.4%.202293032.0202393029.32.78.4%–The Group recorded a profit and total comprehensive income for the period attributable to owners of the Companyof approximately HK$16.6 million for the six months ended 30 September 2023 (six months ended 30 September2022: approximately HK$36.3 million).202393016.6202293036.3–Basic earnings per share attributable to owners of the Company was approximately HK1.7 cents for the six monthsended 30 September 2023 (six months ended 30 September 2022: approximately HK4.8 cents).20239301.720229304.8–The Board has resolved not to recommend the declaration of an interim dividend for the six months ended 30September 2023 and 2022.20232022930 MANAGEMENT DISCUSSION AND ANALYSIS管理層討論與分析 INTERIM RESULTS The board (the “Board”) of directors (the “Directors”) of GCConstruction Holdings Limited (the “Company”) is pleased topresent the unaudited condensed consolidated interim financialstatements of the Company and its subsidiaries (collectively, the“Group”) for the six months ended 30 September 2023, togetherwith the comparative unaudited figures for the corresponding periodin 2022. GC Construction Holdings Limited20239 302022 BUSINESS REVIEW Facing the uncertainty in the macro-environment, the executiveDirectors firmly believe that distinguishing the Group from fiercecompetitors can only be achieved by delivering high-quality wettrades works. Skilled workers with expertise in handling wettrades materials and applying relevant techniques are essentialfor the wet trades works. Although the construction industry hasgrappled with a shortage of skilled workers over the past years, theexecutive Directors have established good business partnershipswith ex