广联工程控股2022/23 年度报告

Stock Code: 1413(incorporated in the Cayman Islands with limited liability) Annual Report2022-23 2Corporate Information4Chairman’s Statement6Directors and Senior Management13Management Discussion and Analysis26Environmental, Social and Governance Report42Corporate Governance Report57Directors’ Report70Independent Auditor’s Report79Consolidated Statement of Profit or Loss andOther Comprehensive Income80Consolidated Statement of Financial Position82Consolidated Statement of Changes in Equity83Consolidated Statement of Cash Flows85Notes to the Consolidated Financial Statements160Financial Summary CORPORATE INFORMATION公司資料 BOARD OF DIRECTORSExecutive Directors Mr. Yip Kwong CheungMs. Kwan Chui LingMr. Lin Rida(appointed on 4 November 2022)Mr. Bu Lei(appointed on 5 July 2023) Independent Non-Executive Directors Ms. Cheng Shing YanMr. Wong Yiu Kit ErnestMr. Tang Sher Kin AUDIT COMMITTEE Ms. Cheng Shing Yan(Chairlady)Mr. Wong Yiu Kit ErnestMr. Tang Sher Kin REMUNERATION COMMITTEE Mr. Wong Yiu Kit Ernest(Chairman)Mr. Yip Kwong CheungMr. Lin Rida(appointed on 4 November 2022)Ms. Cheng Shing YanMr. Tang Sher Kin(appointed on 30 November 2022) NOMINATION COMMITTEE Mr. Yip Kwong Cheung(Chairman)Mr. Lin Rida(appointed on 4 November 2022)Ms. Cheng Shing YanMr. Wong Yiu Kit Ernest(appointed on 30 November 2022)Mr. Tang Sher Kin AUTHORISED REPRESENTATIVES Mr. Yip Kwong CheungMr. Wong Ho Cheung COMPANY SECRETARYMr. Wong Ho Cheung 13912A LEGAL ADVISERAs to Hong Kong law David Fong & Co.Unit A, 12th FloorChina Overseas Building139 Hennessy RoadWanchai, Hong Kong As to Cayman Islands law 18424201–0312 ApplebySuites 4201–03 & 1242/F, One Island EastTaikoo Place18 Westlands RoadQuarry Bay, Hong Kong REGISTERED OFFICE IN THE CAYMAN ISLANDS 71 Fort StreetPO Box 500George TownGrand CaymanKY1-1106Cayman Islands 71 Fort StreetPO Box 500George TownGrand CaymanKY1-1106Cayman Islands HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 6292909–2910 Unit 2909–2910, 29/F, The Octagon6 Sha Tsui RoadTsuen WanNew TerritoriesHong Kong C A Y M A NI S L A N D S P R I N C I P A L S H A R EREGISTRAR AND TRANSFER OFFICE Appleby Global Services (Cayman) Limited71 Fort StreetPO Box 500George TownGrand CaymanKY1-1106Cayman Islands Appleby Global Services (Cayman) Limited71 Fort StreetPO Box 500George TownGrand CaymanKY1-1106Cayman Islands HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 148212103B Boardroom Share Registrars (HK) Limited2103B, 21/F, 148 Electric RoadNorth Point, Hong Kong AUDITOR 2811 Grant Thornton Hong Kong LimitedCertified Public AccountantsRegistered Public Interest Entity Auditor11/F, Lee Garden Two28 Yun Ping RoadCauseway BayHong Kong 1 PRINCIPAL BANKER The Hongkong and Shanghai Banking Corporation Limited1 Queen’s Road CentralHong Kong www.kwong-luen.com.hk COMPANY’S WEBSITE www.kwong-luen.com.hk 1413 STOCK CODE1413 2022/23年度報告•廣 聯 工 程 控 股 有 限 公 司 CHAIRMAN’S STATEMENT主席報告 Dear Shareholders, On behalf of the board (the “Board”) of directors (the “Directors”),I am pleased to present the annual report of Kwong LuenEngineering Holdings Limited (the “Company”) for the year ended31 March 2023 (the “Year”). LISTING ON THE STOCK EXCHANGE The ordinary shares of our Company (the “Shares”) weresuccessfully listed (the “Listing”) on the Main Board of The StockExchange of Hong Kong Limited (the “Stock Exchange”) on 11March 2021 (the “Listing Date”) which marked a significantmilestone for our Company and its subsidiaries (collectively,the “Group”). 250,000,000 ordinary Shares were issued underthe share offer, raising net proceeds of approximately HK$97.1million (after deducting expenses from the Listing (the “ListingExpenses”)). 250,000,00097.1 OVERVIEW With the capital raised from the Listing, the Group has greaterflexibility to enhance the service capacity which strengthen theGroup’s market position in Hong Kong. 338.3548.838.4%1.023.5 For the Year, the Group recorded a total revenue of approximatelyHK$338.3 million, representing a decrease of approximately38.4% as compared to approximately HK$548.8 million for theyear ended 31 March 2022 (the “FY2021/22”). For the Year, theGroup recorded profit attributed to owners of the Company ofapproximately HK$1.0 million as compared to profit recorded forFY2021/22 of approximately HK$23.5 million. The decrease of theprofit was mainly attributable to the decrease in the Group’s grossprofit. CHAIRMAN’S STATEMENT主席報告 PROSPECT Hong Kong’s economy showed a year-on-year contraction in 2022due to worsened external environment and tightened financialconditions. The foundation industry has been affected and theGroup observed increase in cost of sales and stagnation in economicgrowth causing reduction of private residential development, leadingto increased competition, reduction in tender opportunities anddecrease in gross profit margin of projects awarded. Looking into the future, the Group will continue leverage itssolid track record in the