升柏控股2024中期报告

MISSION使命 We are committed to creating value for stakeholders by providing comprehensive and innovative solutionsthat achieve high quality results.我們致力為持份者創造價值，為他們提供全面及創新的方案，以達至高質素成效。 VALUES企業價值 •Innovation不斷創新•Pursuit of Excellence追求卓越 •Customer Focus以客為本•Integrity正直誠實•Teamwork群策群力 CONTENTS目錄 2Management Discussion and Analysis管理層討論及分析10Report on Review of Interim Condensed Consolidated Financial Statements中期簡明綜合財務報表的審閱報告12Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income簡明綜合損益及其他全面收益表13Condensed Consolidated Statement of Financial Position簡明綜合財務狀況表14Condensed Consolidated Statement of Changes in Equity簡明綜合權益變動表15Condensed Consolidated Statement of Cash Flows簡明綜合現金流量表16Notes to the Interim Condensed Consolidated Financial Statements中期簡明綜合財務報表附註32Other Information其他資料36Corporate Information公司資料 Management Discussion and Analysis管理層討論及分析 昇柏控股有限公司（「本公司」）之董事（「董事」）會（「董事會」）公佈本公司及其附屬公司（統稱「本集團」）截至2024年6月30日止六個月（「報告期間」）之未經審核中期業績。 The board (the “Board”) of directors (the “Directors”) of ISP Holdings Limited(the “Company”) announces the unaudited interim results of the Companyand its subsidiaries (collectively, the “Group”) for the six months ended 30June 2024 (the “Reporting Period”). The Group reported consolidated revenue of approximately HK$47.5million for the Reporting Period, representing a decrease of 40.0% over thesame period of last year (the “Corresponding Period”) (2023: HK$79.2million). Benefiting from cost saving of several completed projects withsome subcontractors’ final acceptance of more realistic final payment fortheir work performed, the gross profit still increased from approximatelyHK$4.9 million of the Corresponding Period to approximately HK$7.9million, which in turn increased the gross profit margin by 10.4% ascompared with that of the Corresponding Period. On the other hand,although there was no further provision for the cost order nisi for theGroup to pay for the plaintiff’s costs on an indemnity basis which had to bemade in the Reporting Period, there was substantial legal costs incurred forcompleted projects of interiors and special projects business (“ISPBusiness”) during the Reporting Period, which increased the operatingexpenses of the Group by 34.7% over the Corresponding Period (2023:HK$14.7 million) to approximately HK$19.8 million. 本集團於報告期間錄得綜合收益約港幣47,500,000元，較 去 年 同 期（「 同 期 」）減 少40.0%（2023年： 港 幣79,200,000元）。受惠於數個已完成項目的若干分包商最終接納更實際的工程尾款而節省成本，毛利由同期的約港幣4,900,000元增加至約港幣7,900,000元，亦令毛利率較同期增加10.4%。另一方面，儘管本集團於報告期內並無就本集團須按彌償基準支付原告訟費的訟費暫准命令作進一步撥備，但於報告期間，就室內裝飾及特殊項目業務（「室內裝飾及特殊項目業務」）之已完成項目衍生了高額法律費用，使本集團的經營開支較同期（2023年：港幣14,700,000元）增加34.7%至約港幣19,800,000元。 Management Discussion and Analysis管理層討論及分析 Taking into the consideration of the various factors above, the Grouprecorded a loss attributable to equity holders of the Company ofapproximately HK$10.5 million for the Reporting Period as compared tothat of approximately HK$7.9 million for the Corresponding Period. Basicloss per share of the Group was 2.5 HK cents for the Reporting Period (2023:1.9 HK cents). 經考慮上述各項因素後，本集團於報告期間錄得本公司股權持有人應佔虧損約港幣10,500,000元，而同期則為約港幣7,900,000元。本集團於報告期間的每股基本虧損為港幣2.5仙（2023年：港幣1.9仙）。 BUSINESS REVIEW AND PROSPECTS 業務概覽 Business Overview 於報告期間，室內裝飾及特殊項目業務及中國物業及設施管理業務（「中國物業及設施管理業務」）為本集團的兩大業務分部。 During the Reporting Period, ISP Business and property and facilitymanagement in China (“PFM China Business”) were the two main businesssegments of the Group. Business Results Management Discussion and Analysis管理層討論及分析 室內裝飾及特殊項目業務 ISP Business 室內裝飾及特殊項目業務為本集團之主要業務支柱，過去數年為本集團貢獻超過90%收益。室內裝飾及特殊項目業務自2006年起運作，其後於2012年被本集團收購，約有18年營業記錄。自2012年末被本集團收購以來，室內裝飾及特殊項目業務截至2024年6月30日已完成超過257個項目，總合約金額逾港幣92億元，為本地客戶提供多種服務，覆蓋室內設計、裝修、翻新及養護、加建及改建工程（「加建及改建工程」）、建築、維護及樓宇相關項目的建築可行性研究。 ISP Business was the major business arm of the Group, which contributedover 90% revenue of the Group during past few years. The ISP Business,which has been in operation since 2006 before being acquired by theGroup in 2012, has around 18 years of track record. Since the acquisition bythe Group in late 2012, ISP Business had completed over 257 projects witha total contract sum of over HK$9.2 billion up to 30 June 2024 covering alarge variety of services, including interior design, fitting-out, renovationand conservation, addition and alteration works (“A&A works”),construction, maintenance, and buildability and feasibility studies forbuilding related projects, to its local customers. 自新型冠狀病毒減退以來，全球經濟環境依舊不明朗，室內裝飾及特殊項目業務經歷持續三年的挑戰。受地緣政治緊張局勢及利率持續高企的影響，加上經濟增長動力轉弱，均對投資意欲及投資者信心潑下一盆冷水，令業務潛在營運商及物業擁有人採取更審慎的業務方針及延遲甚至放棄原定的裝修、加建及改建工程或新建築項目計劃。市場招標項目數量減少，業內競爭激烈。在經濟不景氣的大環境下，難免影響室內裝飾及特殊項目業務。與此同時，面對市況低迷，我們於報告期間投標室內裝飾及特殊項目時態度更審慎，並篩選潛在投標項目。因此，去年僅獲授三份小型新合約，不足以補充報告期間的工作量。另外，工程進度亦受到干擾。儘管已就延遲提交索償通知及延期申請以避免日後出現任何爭議，但我們的收入仍遭延遲確認。收益減少的其他根本原因是由於設計及╱或施工計劃變更導致工程進度受阻，以及若干大型項目（包括山頂道住宅發展項目及黃竹坑道室內裝修項目）於2024年第一季竣工。所有該等因素導致收益由去年同期的港幣77,000,000元減少約42.9%至報告期間的約港幣43,900,000元。憑藉我們的行業經驗及良好往績記錄，我們的現有僱主及前僱主於2024年第二季分別就我們現有項目的擴建工程及新的加建及改建工程授出新合約給我們，然而，大部分新合約將於2024