浙江联合投资：2023 第一季度业绩报告

Characteristics of GEM of the Stock Exchange of Hong Kong Limited(the “Stock Exchange”)G E M GEM GEM has been positioned as a market designed to accommodate small andmid-sized companies to which a higher investment risk may be attached thanother companies listed on the Stock Exchange. Prospective investors shouldbe aware of the potential risks of investing in such companies and should makethe decision to invest only after due and careful consideration. GEMGEMGEM Given that the companies listed on GEM are generally small and mid-sizedcompanies,there is a risk that securities traded on GEM may be moresusceptible to high market volatility than securities traded on the Main Boardof the Stock Exchange and no assurance is given that there will be a liquidmarket in the securities traded on GEM. Hong Kong Exchanges and Clearing Limited and the Stock Exchange take noresponsibility for the contents of this report, make no representation as to itsaccuracy or completeness and expressly disclaim any liability whatsoever for anyloss howsoever arising from or in reliance upon the whole or any part of thecontents of this report. GEMGEM Thisreport,for which the directors(the“Director(s)”)of Zhejiang UnitedInvestment Holdings Group Limited (the “Company”) collectively and individuallyaccept full responsibility, includes particulars given in compliance with the RulesGoverning the Listing of Securities on the GEM of the Stock Exchange (the “GEMListing Rules”) for the purpose of giving information with regard to the Company.The Directors, having made all reasonable enquiries, confirm that to the best oftheir knowledge and belief the information contained in this report is accurateand complete in all material respects and not misleading or deceptive, and thereare no other matters the omission of which would make any statement herein orthis report misleading. 7http://www.hkexnews.hkhttp://www.zjuv8366.com This report will remain on the“Latest Listed Company Information” page oftheStock Exchange website at http://www.hkexnews.hk for at least 7 daysfromits date of posting and on the designated website of this Company athttp://www.zjuv8366.com. CONTENTS Financial Highlights2Management Discussion and Analysis3Disclosure of Interests6Other Information8Condensed Consolidated Statement of Profit or Loss andOther Comprehensive Income (Unaudited)10Condensed Consolidated Statement ofChanges in Equity (Unaudited)11Notes to the Condensed Consolidated Financial Statements12 Financial Highlights 58.3123.92143.8% Revenueamounted to approximately HK$58.31 million for the threemonths ended 31 July 2023 (the “Reporting Period”) (2022: approximatelyHK$23.92 million), representing an increase of approximately 143.8% ascompared with the corresponding period of last year. 1.011.44 Lossattributable to owners of the Company for the three monthsended 31 July 2023 amounted to approximately HK$1.01 million (2022:approximately HK$1.44 million). 0.060.09 Basicloss per share amounted to approximately HK0.06 cents for thethree months ended 31 July 2023 (2022: approximately HK0.09 cents). The Board does not recommend the payment of dividend for the threemonths ended 31 July 2023 (2022: Nil). BUSINESS REVIEW AND OUTLOOK TheGroup is a contractor principally engaged in undertaking slope works,foundation works and other general building works in Hong Kong. Slope worksgenerallyrefer to landslip preventive and remedial works for improving ormaintaining the stability of slopes and/or retaining walls. Foundation works aregenerallyconcerned with the construction of foundations.General buildingworks mainly include the general construction of buildings. Fraser ConstructionCompany Limited, our principal operating subsidiary, is an approved specialistcontractorincluded in the List of Approved Specialist Contractors for PublicWorks maintained by the Development Bureau of the Government of the HongKongSpecial Administrative Region(the“Hong Kong Government”)underthecategories of“Landslip Preventive/Remedial Works to Slopes/RetainingWalls” with a confirmed status and “Land Piling (Group II)”. Being on such listis a prerequisite for tendering for public sector projects in the relevant workscategories.In addition,Fraser Construction Company Limited is registeredunder the Buildings Ordinance (Chapter 123 of the Laws of Hong Kong) as a(i) Registered Specialist Contractor under the sub-register of “Site FormationWorks” and “Foundation Works” categories; and (ii) Registered General BuildingContractor. II123(i)(ii) TheGroup experienced an increase in revenue and increase in gross profitmargin, recorded a decrease in net loss for the three months ended 31 July2023 compared to the net loss for the three months ended 31 July 2022. HongKongconstruction companies are still facing tougher competitive condition,as well as the slower progress of scrutinising the funding proposals for publicworks projects by the Finance Committee and the Public Works Subcommitteedue to p