现恒建筑2023/2024年报

Contents目錄 Page頁次 Corporate Information2公司資料 Chairman’s Statement4主席報告 Highlights6摘要 Management Discussion and Analysis7管理層討論及分析 Biographies of Directors and Senior Management17董事及高級管理人員履歷 Directors’ Report董事會報告 21 Corporate Governance Report31企業管治報告 Independent Auditor’s Report52獨立核數師報告 Consolidated Statement of Profit or Loss andOther Comprehensive Income綜合損益及其他全面收益表 60 Consolidated Statement of Financial Position61綜合財務狀況表 Consolidated Statement of Changes in Equity63綜合權益變動表 Consolidated Cash Flow Statement64綜合現金流量表 Notes to the Financial Statements65財務報表附註 Financial Summary財務摘要 132 Corporate Information 執行董事 BOARD OF DIRECTORSExecutive Directors Lau Pak ManCheng Wing CheongKwan Kit Sum Kit 獨立非執行董事 Independent Non-Executive Directors Leung Chi KinLam Chi Hung LouisYau Chi Man Norman (also known as Iao Chi Meng)(resigned on 16 April 2024)Mok Kam Sheung (appointed on 16 April 2024) AUDIT COMMITTEE Leung Chi KinLam Chi Hung LouisYau Chi Man Norman (also known as Iao Chi Meng)(resigned on 16 April 2024)Mok Kam Sheung (appointed on 16 April 2024) REMUNERATION COMMITTEE Yau Chi Man Norman (also known as Iao Chi Meng)(resigned on 16 April 2024)Mok Kam Sheung (appointed on 16 April 2024)Kwan Kit Sum KitLeung Chi Kin NOMINATION COMMITTEE Lam Chi Hung LouisCheng Wing CheongYau Chi Man Norman (also known as Iao Chi Meng)(resigned on 16 April 2024)Mok Kam Sheung(appointed on 16 April 2024) AUTHORISED REPRESENTATIVES Kwan Kit Sum KitWong Sin Yi Reginia COMPANY SECRETARYWong Sin Yi Reginia AUDITOR KPMGPublic Interest Entity Auditor registered in accordance withthe Accounting and Financial Reporting Council Ordinance Corporate Information (continued) PRINCIPAL BANKERS Bank of China (Hong Kong) LimitedWing Lung Bank LimitedThe Hongkong and Shanghai BankingCorporation Limited REGISTERED OFFICE Windward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Windward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands HEADQUARTERS AND PRINCIPAL PLACEOF BUSINESS IN HONG KONG 526 26/F, Park Avenue Tower5 Moreton TerraceCauseway BayHong Kong HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 1617 Tricor Investor Services Limited17th Floor, Far East Finance Centre,No.16 Harcourt Road,Hong Kong CAYMAN ISLANDS PRINCIPAL SHAREREGISTRAR AND TRANSFER OFFICE Ocorian Trust (Cayman) Ltd.Windward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Ocorian Trust (Cayman) Ltd.Windward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands www.inconstruction.hk WEBSITEwww.inconstruction.hk 1500 STOCK CODEHong Kong Stock Exchange 1500 To: Our Shareholders, I am pleased to present the annual report of In ConstructionHoldingsLimited(the“Company”)and its subsidiaries(collectively “The Group”) for the year ended 31 March 2024(the “Financial Year 2023/24”). COVID-19 Its now more than 1 year since the end of the COVID-19pandemic and Hong Kong’s economy is recovering albeitslowly. During this year, we have been awarded severalsizeable foundation work projects which are now in fullswing. Though tender prices over the past few years havegradually increased, margins remain tight. Our Group aims at creating both economic and sustainablevalue to our customers. We continue to serve Hong Kong’sbuilding and construction industries by offering quality andflexible solutions to our customers. From past experience,technicalknowledge together with quality control andestablished procedures, our management team applies ourabilities to overcome difficult and increasingly complex issueson construction sites projects, succeed in gaining credibilityand trusts of our existing and new customers. We continue togain trusts and supports of our clients and business partnerswhom we have been working with over the years. ESGB100 Thisyear,mindful of our Environmental,Social andG o v e r n a n c e( “ E S G ” )r e s p o n s i b i l i t y a n d w i t h t h eencouragement of clients, we started using “B100 Biodiesel”,based on Used Cooking Oil Methyl Ester (UCOME) to powerour generators used in some plants and machineries in one ofour newly awarded project. By turning waste to energy, wenot only got an economical and cost-effective green mobileelectricity by using less fuel, but also reduced Greenhouse GasEmissions. Despite the above positive factors, the construction industryis subject to both internal and external challenges. Theseinclude rising cost of materials and labours, environmentalconcerns and trade tensions. Increase in labour cost is mainlydue to shortage of skilled labour, aging workforce as youngergenerations are reluctant in joining the construction industry. During the year, our financial result had been adverselyaffected by loss-making projects carried over from last year.The losses were due to the provisions of the liquidatedandascertained damages for the estimated delay inthe completion such as inclement weather, unforeseenadministrative delays