恒新丰控股2024 中期报告

CONTENTS Corporate Information2Management Discussion and Analysis4Condensed Consolidated Statement of Profit or Loss andOther Comprehensive Income10Condensed Consolidated Statement of Financial Position11Condensed Consolidated Statement of Changes in Equity12Condensed Consolidated Statement of Cash Flows13Notes to the Condensed Consolidated Financial Statements15Corporate Governance and Other Information35 CORPORATE INFORMATION Board of DirectorsExecutive Directors Mr. Cheung Kwok Fai Adam(Chairman and Chief Executive Officer)Mr. Ng Sheung ChungMr. Ma Kan Sun Independent Non-Executive DirectorsMr. Ho Kwok LungMs. Ding XinMs. Lo Yin Ping Patricia Audit Committee Mr. Ho Kwok LungMs. Ding Xin(Chairlady)Ms. Lo Yin Ping Patricia Remuneration Committee Mr. Ho Kwok LungMs. Ding XinMs. Lo Yin Ping Patricia(Chairlady) Nomination Committee Mr. Cheung Kwok Fai Adam(Chairman)Mr. Ho Kwok LungMs. Ding XinMs. Lo Yin Ping Patricia Company SecretaryMr. Tsui Chun Hung Authorised RepresentativesMr. Cheung Kwok Fai AdamMr. Tsui Chun Hung Registered Office in the Cayman IslandsWindward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1–1108Cayman Islands Windward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1–1108Cayman Islands Headquarter and Principal Place of Business inHong KongRoom 9, 2/FHang Bong Commercial Centre28 Shanghai StreetJordan, KowloonHong Kong 2829 Principal Share Registrar and Transfer Office inCayman Islands Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1–1108Cayman Islands Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1–1108Cayman Islands Hong Kong Branch Share Registrar and TransferOffice 148212103B Boardroom Share Registrars (HK) Limited2103B, 21/F, 148 Electric RoadNorth Point, Hong Kong 979181801–3 Legal Adviser as to Hong Kong LawGuantao & Chow Solicitors and NotariesSuites 1801–3, 18/FOne Taikoo Place979 King’s RoadQuarry BayHong Kong Auditors 1416609 Wilson & Partners CPA LimitedCertified Public AccountantsRegistered Public Interest Entity AuditorSuite 609, 6/FChina Insurance Group Building141 Des Voeux Road CentralHong Kong Principal BankerThe Bank of East Asia Limited 1920 Stock Code1920 www.handsform.com Websitewww.handsform.com MANAGEMENT DISCUSSIONAND ANALYSIS The board (the “Board”) of directors (the “Directors”) of HandsForm Holdings Limited (the “Company”) is pleased to present thecondensed consolidated interim financial statements of the Companyand its subsidiaries (collectively, the “Group”) for the six monthsended 30 June 2024 (the “Review Period”). Business Review and Outlook The Group is a Hong Kong-based subcontractor engaged in theprovision of wet trades works and the wet trades related ancillaryworks in Hong Kong. Since 2021, capitalising on our expertise andexperience in providing wet trades related solutions, we establishedan online platform for subscribers to specify the payment applicationin our database. Provision of wet trades and its related ancillary works The Group provides wet trades works through its principal operatingsubsidiary, namely, Ma Yau Engineering Limited (“Ma Yau”). Theprincipal operating subsidiary has been registered in the RegisteredSpecialist Trade Contractors Scheme (formerly known as theSubcontractor Registration Scheme) of the Construction IndustryCouncil. Ma Yau first completed such registration under thepredecessor scheme in April 2004 and our registration has since thencovered finishing wet trades, marble, granite and stone work with awide range of specialties including brick work, plastering and tiling,spray plaster and screeding, marble and granite works. 177.1246.7 As at 30 June 2024, the original contract sum of the Group’songoing projects (including projects that have commenced but notsubstantially completed as well as projects that have been awardedbut not yet commenced) in aggregate amounted to approximatelyHK$177.1 million. As at the date of this report, the Group was in thecourse of bidding for or pending the tender results of four projects,with an estimated total contract sum of approximately HK$246.7million. Provision of construction information technology services Based on our Directors’ practical experience, any potentialcustomers, such as wet trades service providers in the constructionindustry, who are not familiar with payment request and withoutconnections to specialist contractors may eventually seek fromexternal resources for assistance in performing their duties such asinformation on calculation of total work done in their projects. MANAGEMENT DISCUSSION AND ANALYSIS During the Review Period, capitalising on our expertise andexperience in providing passive wet trade payment requestinformation technology solutions, we established an online platformto provide subscribers with information such as specifications ofvarious wet trade services items in our database so as to assistcustomers to carry out mon