天任集团2024年中期报告

2024INTERIM REPORT Contents 2Definitions4Corporate Information7Management Discussion and Analysis13Other Information18Condensed Consolidated Statement of Profit or Lossand Other Comprehensive Income19Condensed Consolidated Statement of Financial Position21Condensed Consolidated Statement of Changes in Equity22Condensed Consolidated Statement of Cash Flows23Notes to the Condensed Consolidated Financial Statements Definitions釋義 In this interim report, unless the context otherwise requires, the followingexpressions shall have the following meanings: Corporate Information公司資料 BOARD OF DIRECTORS Executive Directors Mr. Leung Yam Cheung(Chairman and CEO)Mr. Leung Wing ChunMr. Leung Chau Ming Non-executive Director Mr. Yau Sheung Hang Independent Non-executive Directors Mr. Tang Tsz TsunMr. Lei Nelson(Appointed on 15 November 2024)Ms. Wu Kin YiMr. Tsang Ho Yin(Resigned on 15 November 2024) BOARD COMMITTEES Audit Committee Mr. Tang Tsz Tsun(Chairman)Ms. Wu Kin YiMr. Lei Nelson(Appointed on 15 November 2024)Mr. Tsang Ho Yin(Resigned on 15 November 2024) Remuneration Committee Ms. Wu Kin Yi(Chairlady)Mr. Leung Yam CheungMr. Tang Tsz Tsun Nomination Committee Mr. Lei Nelson(Chairman)(Appointed on 15 November 2024)Mr. Leung Yam CheungMs. Wu Kin YiMr. Tsang Ho Yin(Resigned on 15 November 2024) Compliance Committee Mr. Leung Yam Cheung(Chairman)Mr. Leung Wing ChunMr. Lei Nelson (Appointed on 15 November 2024) Mr. Tsang Ho Yin (Resigned on 15 November 2024) ESG ESG Committee Mr. Leung Wing Chun(Chairman)Mr. Leung Yam CheungMr. Leung Chau MingMs. Wu Kin Yi COMPANY SECRETARY Mr. Cheng King Yip AUTHORISED REPRESENTATIVES Mr. Leung Yam CheungMr. Cheng King Yip REGISTERED OFFICE IN THE CAYMAN ISLANDS Cricket Square, Hutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands Cricket Square, Hutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands HEADQUARTER AND PRINCIPAL PLACE OF BUSINESSIN HONG KONG Flat 3, 7/F., Yuen Long Trade Centre99-109 Castle Peak RoadYuen Long, New TerritoriesHong Kong 99-10973 LEGAL ADVISER AS TO CAYMAN ISLANDS LAW Conyers Dill & PearmanPO Box 2681Grand Cayman KY1-1111Cayman Islands Conyers Dill & PearmanCayman Islands attorneys-at-lawPO Box 2681Grand Cayman KY1-1111Cayman Islands Corporate Information公司資料 AUDITOR 88 Asian Alliance (HK) CPA LimitedCertified Public AccountantsRegistered Public Interest Entity Auditors8/F Catic Plaza8 Causeway RoadCauseway BayHong Kong PRINCIPAL BANKER 1 Bank of China (Hong Kong) Limited1 Garden RoadHong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE IN THECAYMAN ISLANDS Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands HONG KONG BRANCH SHARE REGISTRAR AND TRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong STOCK CODE 1429 1429 www.skymission.group COMPANY’S WEBSITE www.skymission.group Management Discussion and Analysis管理層討論及分析 BUSINESS OVERVIEW AND FUTURE PROSPECT 20 The Group is an established formwork works subcontractor in Hong Kongwith over 20 years of operating history, offering both traditional formworkservices using timber and plywood, as well as system formwork services usingaluminum formwork. 116.5136.814.8% During the six months ended 30 September 2024 (the “Period”), the Groupsecured four new contracts with a total original contract value of approximatelyHK$116.5 million. This represents a decrease of about 14.8% compared to thetotal original contract value of HK$136.8 million for new contracts obtainedduring the six months ended 30 September 2023. 5.0%0.7%13.91.411.24.224.2 The Group’s gross profit margin declined significantly during the Period,from approximately 5.0% in the prior period to about 0.7%, while gross profitdecreased from approximately HK$13.9 million to HK$1.4 million. The contractionwas mainly due to additional costs arising from unexpected changes to on-sitearrangements and intensified competition for new formwork contracts, puttingdownward pressure on pricing. Furthermore, the Group recognized a provisionfor loss allowance on trade receivables and contract assets of approximatelyHK$11.2 million, attributed to aging receivables. These factors contributed to theGroup’s net loss increasing from HK$4.2 million for the corresponding period in2023 to HK$24.2 million for the Period. The construction industry in Hong Kong continues to face significant challengesin 2024, driven by economic headwinds and industry-specific issues. Aslowdown in the property market has reduced the number of new constructionprojects, while intense competition has driven down contract prices, furthersqueezing profit margins. Rising labor costs, unexpected on-site expenses, anddelays in project payments have added to cash flow pressures. Looking ahead, the Gro