朝威控股二零二三年中期报告

Interim Report中期報告2023 GEM CHARACTERISTICS OF GEM OF THE STOCKEXCHANGE OF HONG KONG LIMITED (THE“STOCK EXCHANGE”) GEM GEM has been positioned as a market designed toaccommodate companies to which a higher investmentrisk may be attached than other companies listed on theStock Exchange. Prospective investors should be awareof the potential risks of investing in such companies andshould make the decision to invest only after due andcareful consideration. GEMGEMGEM Given that the companies listed on GEM are generallysmall and mid-sized companies, there is a risk thatsecurities traded on GEM may be more susceptible tohigh market volatility than securities traded on the MainBoard and no assurance is given that there will be aliquid market in the securities traded on GEM. Hong Kong Exchanges and Clearing Limited and theStock Exchange take no responsibility for the contents ofthis report, make no representation as to its accuracy orcompleteness and expressly disclaim any liability whatsoeverfor any loss howsoever arising from or in reliance upon thewhole or any part of the contents of this report. GEMGEM This report, for which the directors (the “Directors”)of Glory Flame Holdings Limited (the “Company”)collectively and individually accept full responsibility,includes particulars given in compliance with the RulesGoverning the Listing of Securities on GEM of the StockExchange (the “GEM Listing Rules”) for the purposeof giving information with regard to the Company. TheDirectors, having made all reasonable enquiries, confirmthat to the best of their knowledge and belief the informationcontained in this report is accurate and complete in allmaterial respects and not misleading or deceptive, and thereare no other matters the omission of which would make anystatement herein or this report misleading. Page 1.Financial Highlights32.Condensed Consolidated Statement of Profit andLoss and Other Comprehensive Income(unaudited)43.Condensed Consolidated Statement ofFinancial Position (unaudited)64.Condensed Consolidated Statement ofChanges in Equity (unaudited)75.Condensed Consolidated Statement ofCash Flows (unaudited)86.Notes to the Condensed ConsolidatedInterim Financial Statements97.Management Discussion and Analysis258.Corporate Governance and Other Information31 FINANCIAL HIGHLIGHTS For the six months ended 30 June 2023, the operatingresults of the Group were as follows: INTERIM RESULTS – The board (“Board”) of Directors is pleased to present theunaudited condensed consolidated results of the Companyand its subsidiaries (collectively the “Group”) for the sixmonths ended 30 June 2023 (the “Reporting Period”),together with the unaudited comparative figures for thecorresponding period in 2022, as follows:– C O N D E N S E D C O N S O L I D AT E D S TAT E M E N TO FP R O F I T A N D L O S S A N D O T H E RCOMPREHENSIVE INCOME (UNAUDITED) CONDENSED CONSOLIDATED STATEMENT OFCHANGES IN EQUITY (UNAUDITED)For the six months ended 30 June 2023 NOTES TO THE CONDENSED CONSOLIDATEDINTERIM FINANCIAL STATEMENTS 1. 1.GENERAL INFORMATION GEM Glory Flame Holdings Limited was incorporated inthe Cayman Islands on 25 April 2014 as an exemptedcompany with limited liability under the CompaniesLaw of the Cayman Islands and its shares have beenlisted on GEM of The Stock Exchange of Hong KongLimited (the “Stock Exchange”) with effect from 15August 2014. Windward 3, Regatta OfficePark, P.O. Box 1350, 75 FortStreet, Grand Cayman KY1-1108,Cayman Islands8821 The address of the Company’s registered officeis Windward 3, Regatta Office Park, P.O. Box1350, 75 Fort Street, Grand Cayman KY1-1108,Cayman Islands. The address of the Company’sprincipal place of business in Hong Kong is Suite821, 8th Floor, Ocean Centre, Harbour City, TsimSha Tsui, Kowloon, Hong Kong. The Companyis an investment holding company. The Companyand its subsidiaries (collectively referred as to the“Group”) are engaged in provision of concretedemolition services and manufacturing and trading ofprefabricated construction components. 2. GEM The unaudited condensed consolidated financialstatements for the six months ended 30 June 2023have been prepared by the Directors in accordancewith Hong Kong Financial Reporting Standards(“HKFRSs”) issued by the Hong Kong Instituteof Certified Public Accountants (“HKICPA”) andthe disclosure requirements of the GEM ListingRules. HKFRSs include Hong Kong AccountingStandards and interpretations. Intra-group balancesand transactions, if any, have been fully and properlyeliminated. The accounting policies and basis ofpreparation adopted in the preparation of the financialstatements for the six months ended 30 June 2023 areconsistent with those adopted in the annual financialstatements of the Company for the year ended 31December 2022. The unaudited condensed consolidated financialstatements have been prepared on the going-concernbasis which assumes the continuity of normalbusiness activity and the realization of assets andthe