智中国际中期报告2024

Lotus Horizon Holdings Limited (incorporated in the Cayman Islands with limited liability)() Stock Code: 6063 CONTENTS Corporate Information2 Management Discussion and Analysis6 Unaudited Condensed Consolidated Statementof Profit or Loss and Other ComprehensiveIncome19 Unaudited Condensed Consolidated Statementof Financial Position20 Unaudited Condensed Consolidated Statementof Changes in Equity22 Unaudited Condensed Consolidated Statementof Cash Flows23 Notes to the Unaudited Condensed ConsolidatedFinancial Statements24 Other Information53 Corporate Information公司資料 BOARD OF DIRECTORSExecutive Directors Mr. Chu Kwok Fun(Chairman and Chief Executive Officer)Mr. Tsang Chiu Wan(retired on 16 August 2024)Mr. Chen Shu An(appointed on 11 June 2024) Independent non-executive Directors Ms. Leung Yin FaiMr. Ma Tsz ChunMs. Yuen Wai Yee AUDIT COMMITTEE Mr. Ma Tsz Chun(Chairman)Ms. Leung Yin FaiMs. Yuen Wai Yee REMUNERATION COMMITTEE Ms. Leung Yin Fai(Chairlady)Mr. Tsang Chiu Wan(retired on 16 August 2024)Mr. Chen Shu An(appointed on 11 June 2024)Mr. Ma Tsz ChunMs. Yuen Wai Yee NOMINATION COMMITTEE Mr. Chu Kwok Fun(Chairman)Mr. Ma Tsz ChunMs. Leung Yin Fai Corporate Information公司資料 COMPANY SECRETARYMr. Yeung Kin Wa AUTHORISEDREPRESENTATIVES Mr. Chu Kwok FunMr. Yeung Kin Wa REGISTERED OFFICE INCAYMAN ISLANDS Cricket Square, Hutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands Cricket Square, Hutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands HEADQUARTERS ANDPRINCIPAL PLACE OFBUSINESS IN HONG KONG 321 21/F, Delta House3 On Yiu StreetShatin, New TerritoriesHong Kong LEGAL ADVISER AS TO HONGKONG LAW 1539 Stevenson, Wong & Co.39th FloorGloucester TowerThe Landmark15 Queen’s Road CentralHong Kong Corporate Information公司資料 CAYMAN ISLANDS PRINCIPALSHARE REGISTRAR ANDTRANSFER OFFICE ConyersTrustCompany(Cayman)LimitedCricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands HONG KONG BRANCH SHAREREGISTRAR AND TRANSFEROFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong AUDITOR •8835 Deloitte Touche TohmatsuCertified Public AccountantsRegistered Public Interest Entity Auditor35th Floor, One Pacific Place88 QueenswayHong Kong Corporate Information公司資料 PRINCIPAL BANKERS 1 Bank of China (Hong Kong) Limited1 Garden RoadHong Kong 10835 Dah Sing Bank Limited35th Floor, Everbright Centre108 Gloucester RoadHong Kong The Hongkong and Shanghai BankingCorporation LimitedHSBC Main Building1 Queen’s Road CentralHong Kong 1 www.lotushorizonholdings.com COMPANY WEBSITEwww.lotushorizonholdings.com 6063 Management Discussion and Analysis管理層討論及分析 The board (the “Board”) of directors (the“Directors”) of Lotus Horizon HoldingsL i m i t e d ( t h e “C o m p a n y” ) i s p l e a s e dto present the unaudited consolidatedresults of the Company and its subsidiaries(hereinafter collectively referred to asthe “Group”) for the six months ended30 September 2024, together with thecomparative figures for the correspondingperiod. BUSINESS REVIEW We are a subcontractor engaged in theprovision of design, supply, and installationservices for façade works and building metalfinishing works in Hong Kong. 17920.1413.1130.7 As at 30 September 2024, the Group had17 projects in progress with a total originalcontract sum of approximately HK$920.1million and a total project backlog ofapproximately HK$413.1 million. Totalrevenue of approximately HK$130.7 millionwas recognised for the six months ended 30September 2024. 5208.523 During the six months ended 30 September2024, we were awarded 5 new projectswith a total contract sum of approximatelyHK$208.5 million, out of which 2 projectsbelong to façade works projects and 3projects belong to building metal finishingworks projects. Management Discussion and Analysis管理層討論及分析 OUTLOOK AND PROSPECTS The projected private flat supply for the nextthree to four years and the latest unsoldunits in Hong Kong maintain at a high level.Property developers hesitate to start orinvest in new construction projects in thelocal private residential properties market.In addition, record-high office vacancyrates and decline in office rents depressthe demand of new commercial properties,leading to a significant drop in commercialproperties development projects in theHong Kong market. The Group keeps facing keen competitionin recent period under the challengingconditions in Hong Kong. Low demandand stringent budget in local residentialand commercial development projectsare expected and may have negativeimpact on the gross profit margins of theGroup’s new upcoming projects. We areprepared to implement more cost controlmeasures so as to mitigate the onslaughtof the abovementioned challenges. Withour experienced management team andreputation in the market, we are confidentthat the Group can lev