世纪集团国际2024年中期报告

CONTENTS Corporate Information Financial Highlights Management Discussion and Analysis5 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income Condensed Consolidated Statement of Financial Position Condensed Consolidated Statement of Changes in Equity Condensed Consolidated Statement of Cash Flows Notes to the Condensed Consolidated Financial Statements 14 CORPORATE INFORMATION BOARD OF DIRECTORS Executive DirectorMr. Man Wai Lun Independent Non-executive DirectorsMr. Law, Michael Ka MingMr. Chung Man LaiMs. Lam Yuen Man Maria AUDIT COMMITTEE Ms. Lam Yuen Man Maria(Chairman)Mr. Law, Michael Ka MingMr. Chung Man Lai REMUNERATION COMMITTEE Mr. Law, Michael Ka Ming(Chairman)Mr. Chung Man LaiMs. Lam Yuen Man Maria NOMINATION COMMITTEE Mr. Chung Man Lai(Chairman)Mr. Law, Michael Ka MingMs. Lam Yuen Man Maria Mr. Lee Cheuk Man AUTHORISED REPRESENTATIVES Mr. Man Wai LunMr. Lee Cheuk Man HEADQUARTER AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 316D Office D, 16/FKings Wing Plaza 1No. 3 On Kwan StreetShek MunNew TerritoriesHong Kong HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANK Shanghai Commercial Bank Ltd. AUDITOR 2-4LL Tower 21A OOP CPA & Co.Certified Public AccountantsRegistered Public Interest Entity AuditorsUnit A, 21/F, LL Tower2-4 Shelley StreetCentral, Hong Kong www.centurygroup.com.hk COMPANY WEBSITE www.centurygroup.com.hk STOCK CODE 21132113 FINANCIAL HIGHLIGHTS The board (the “Board”) of directors (the “Directors”) of Century GroupInternational Holdings Limited (the “Company”) is pleased to present theunaudited consolidated interim results of the Company and its subsidiaries(collectively, the “Group”) for the six months ended 30 September 2024(the “Reporting Period”), together with the comparative figures for thecorresponding period in 2023: FINANCIAL HIGHLIGHTS 8,300,00029,700,000 ••6,200,0006,200,000•11• •Revenue of the Group for the Reporting Period amounted toapproximately HK$8.3 million (for the six months ended 30September 2023: approximately HK$29.7 million). •Loss attributable to owners of the Company for the ReportingPeriod amounted to approximately HK$6.2 million (for the sixmonths ended 30 September 2023: approximately HK$6.2 million).•Basic and diluted loss per share for the Reporting Periodamounted to approximately HK cent 1 (for the six months ended30 September 2023: approximately HK cents 1).•The Board does not declare any interim dividend for the ReportingPeriod (for the six months ended 30 September 2023: nil). MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW Construction and site formation services During the Reporting Period, the Group was engaged to undertake siteformation works in Hong Kong as a subcontractor. During the Reporting Period, revenue amounted to approximately HK$8.3million, approximately HK$21.4 million lower than the correspondingperiod in 2023. Such decrease was mainly attributable to the projects onhand from previous years were at their later stage of completion while nonew project was awarded during the Reporting Period. 8,300,00021,400,000 323,600,000437,700,0008,300,000 As at 30 September 2024, the two projects with related variation orderson hand are in progress, with a total contract sum of approximatelyHK$323.6 million (2023: four projects, approximately HK$437.7 million).Approximately HK$8.3 million was recognised as revenue from these twoprojects during the Reporting Period. Set out below is a list of projects completed during the Reporting Periodand those projects which are still in progress at 30 September 2024: Site Location Site formation worksBlasting and tunnel works Kwun Tong DistrictShatin District Trading of Liquefied Natural Gas (“LNG”) During the year ended 31 March 2024, the Group discontinued its tradingof LNG business in the People’s Republic of China. MANAGEMENT DISCUSSION AND ANALYSIS FINANCIAL REVIEW 8,300,00029,700,00021,400,00071.9% The Group recorded revenue of approximately HK$8.3 million for theReporting Period, representing a decrease of approximately 21.4million or 71.9% compared with approximately HK$29.7 million for thecorresponding period in 2023. The decrease was mainly due to the failurein awarding significant new projects in the construction and site formationservices. 4,600,0005,200,000600,00011.8%55.6%17.7% The Group’s gross loss amounted to approximately HK$4.6 million for theReporting Period, a decrease of approximately HK$0.6 million or 11.8%compared with approximately HK$5.2 million for the corresponding periodin 2023. The Group’s gross loss margin during the Reporting Period wasapproximately 55.6% (2023: approximately 17.7%). 300,0002,100,0001,800,00084.9% The other revenue of the Group for the Reporting Period amounted toapproximately HK$0.3 million, representing a decrease of approximatelyHK$1.8 million or 84.9% compa