龙升集团控股2023/24 年度报告

CONTENTS目錄 CORPORATE INFORMATION公司資料 BOARD OF DIRECTORS Mr. Yip Yuk Kit(Chairman) (Chief Executive Officer)Mr. Cheung Chun Fai Mr. Chan Ka YuMr. Lee Kwok LunMr. Chan Wa Shing AUDIT COMMITTEE Mr. Lee Kwok Lun(Chairman)Mr. Chan Ka YuMr. Chan Wa Shing REMUNERATION COMMITTEE Mr. Chan Ka Yu(Chairman)Mr. Yip Yuk KitMr. Chan Wa Shing NOMINATION COMMITTEE Mr. Yip Yuk Kit(Chairman)Mr. Lee Kwok LunMr. Chan Ka Yu COMPANY SECRETARYMr. Leung Hoi Ki AUTHORISED REPRESENTATIVES Mr. Cheung Chun FaiMr. Leung Hoi Ki REGISTERED OFFICE Windward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Windward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 12809 Unit 09, 28/F, North TowerConcordia Plaza1 Science Museum RoadTsim Sha TsuiKowloonHong Kong LEGAL ADVISER As to Hong Kong Law ZM LawyersSolicitors, Hong Kong20/F, Central 88Nos. 88–98 Des Voeux Road CentralCentralHong Kong ZM Lawyers88–988820 CAYMAN ISLANDS PRINCIPAL SHAREREGISTRAR AND TRANSFER OFFICE Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 148212103B Boardroom Share Registrars (HK) Limited2103B, 21/F148 Electric RoadNorth PointHong Kong AUDITOR 2811 Grant Thornton Hong Kong Limited11/F, Lee Garden Two28 Yun Ping RoadCauseway BayHong Kong 1 PRINCIPAL BANK The Hongkong and Shanghai Banking Corporation Limited1 Queen’s Road CentralHong Kong COMPANY’S WEBSITEwww.kitkee.com.hk STOCK CODE6829 CHAIRMAN’S STATEMENT主席報告 Dear Shareholders, On behalf of the board (the “Board”) of directors (the “Directors”)of Dragon Rise Group Holdings Limited (the “Company”) and itssubsidiaries (collectively, the “Group”), I am pleased to present theannual report of the Group for the year ended 31 March 2024 (the“Review Year”). COVID-193.2% With the lifting of COVID-19 restrictions, Hong Kong has resumednormal travel and trade with mainland China and other regions.Measures such as social distancing and vaccine passports thataffected residents’ daily lives and businesses have been completelyabolished. These changes have directly impacted various businesssectors, and signs of business recovery have emerged. Overall, HongKong’s GDP growth rate of 3.2% in 2023, compared to negativegrowth in 2022, demonstrates its resilience. COVID-19 The construction industry in Hong Kong experienced a recoveryand returned to normalcy in 2023. The lifting of COVID-19restriction measures has allowed construction sites to increase theirworkforce, enabling them to operate more efficiently. Additionally,the reopening of borders with the PRC and other countries hasfacilitated the transportation of construction materials, making itmore convenient and cost-effective. 2,7108.8%214.68144.77 The recovery of the industry has directly resulted in an increase inoutput. According to data from the Census and Statistics Departmentof the Government of Hong Kong Special Administrative Region(the “Government”), the preliminary results for 2023 show thatthe total nominal value of construction projects completed bymajor contractors amounted to HK$271 billion, representing anincrease of 8.8% compared to 2022. In the piling and foundationindustry where our Group operates, the nominal value for 2023 isapproximately HK$21,468 million, showing a significant growthcompared to HK$14,477 million in 2022. The Group is primarily engaged in undertaking foundation worksin Hong Kong as a subcontractor. During the Review Year, theGroup’s total revenue amounted to approximately HK$945.9million, increasing approximately 20.3% compared to HK$786.2million from the year ended 31 March 2023 (“Last Year”). With theincrease in revenue, it recorded a gross profit of HK$39.5 million, anincrease of approximately 63.2% from Last Year’s HK$24.2 million. 945.9786.220.3%39.524.263.2% CHAIRMAN’S STATEMENT In the future, there are numerous potential business opportunitiesfor the foundation industry. The Chief Executive’s Policy Address,released on 25 October 2023, highlighted the Government’s plansto develop the Northern Metropolis in the northern part of the NewTerritories as a subcentre for the city. This planned developmentpresents potential project opportunities for various professionals inthe construction industry. However, the construction industry hasbeen and will continue to face challenges including rising cost oflabour and volatility in material prices. Factors such as changes inpopulation structure, emigration, and difficulties in attracting youngpeople to join the industry continue to contribute to a shortage oflabour supply in the local construction sector. For our Group, the future is marked by a mix of opportunities andchallenges. However, amidst any changes in the external landscape,we rem