润利海事2025中期报告

CONTENTS Condensed Consolidated Statement ofChanges in EquityCondensed Consolidated Statement of Cash FlowsNotes to the Condensed ConsolidatedFinancial Statements242527 Condensed Consolidated Statement ofFinancial Position22 CORPORATE INFORMATION BOARD OF DIRECTORS Executive DirectorsMr. Wen Tsz Kit Bondy(Chairman and Chief ExecutiveOfficer)Ms. Chan Sau Ling Amy Independent Non-Executive DirectorsMs. Chan Hei TingMs. Hong TingMr. Ng Simon AUDIT COMMITTEE Ms. Hong Ting(Chairwoman)Ms. Chan Hei TingMr. Ng Simon REMUNERATION COMMITTEE Ms. Chan Hei Ting(Chairwoman)Ms. Hong TingMr. Ng Simon NOMINATION COMMITTEE Mr. Ng Simon(Chairman)Ms. Chan Hei TingMs. Hong Ting COMPANY SECRETARYMr. Lo Kwun Kit AUTHORISED REPRESENTATIVESMr. Wen Tsz Kit BondyMs. Chan Sau Ling Amy REGISTERED OFFICE IN CAYMAN ISLANDS 89 Nexus Way, Camana BayGrand Cayman, KY1-9009Cayman Islands 89 Nexus Way, Camana BayGrand Cayman, KY1-9009Cayman Islands HEADQUARTERS AND PRINCIPAL PLACE OF BUSINESS INHONG KONG 1031D Flat D, 31/F., Billion Plaza II10 Cheung Yue StreetCheung Sha WanKowloonHong Kong AUDITOR Deloitte Touche TohmatsuRegistered Public Interest Entity Auditors LEGAL ADVISERS AS TO HONG KONG LAWSAngela Ho & Associates CAYMAN ISLANDS PRINCIPAL SHARE REGISTRARAND TRANSFER OFFICE Ogier Global (Cayman) Limited89 Nexus WayCamana BayGrand Cayman, KY1-9009Cayman Islands Ogier Global (Cayman) Limited89 Nexus WayCamana BayGrand Cayman, KY1-9009Cayman Islands BRANCH SHARE REGISTRAR AND TRANSFER OFFICE INHONG KONG 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANKS DBS Bank (Hong Kong) LimitedBank of Communications (Hong Kong) Limited 2682 STOCK CODE Hong Kong Stock Exchange: 2682 www.yunlee.com.hk COMPANY WEBSITEwww.yunlee.com.hk MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW 20(i)(ii)(iii)(i)(ii)(iii)(i) 57(ii) The board (the “Board”) of directors (the “Directors”) of Yun LeeMarine Group Holdings Limited (the “Company”), together with itssubsidiaries (collectively, the “Group”) is pleased to announce theunaudited condensed consolidated interim results of the Groupfor the six months ended 30 September 2025 (the “Period”). TheGroup is a maritime services provider in Hong Kong with over 20years of operating history. The principal activities of the Groupare provision of (i) vessel chartering and related services; (ii) shipmanagement; and (iii) marine construction services in Hong Kong.The Group’s vessel chartering and related services include (i) timecharter services; (ii) voyage charter services; and (iii) other relatedservices, such as provision of crew members, maritime consultationservices and vessel repair and maintenance services etc.. TheGroup provided its time charter and voyage charter servicesthrough its vessel fleet, which comprises (i) 57 self-owned vessels;and (ii) vessels chartered from third-party vessel suppliers fromtime to time. The Group’s marine construction services includemarine construction and engineering services provided mainly toconstractors for marine construction projects in Hong Kong. During the Period, the Group provided its vessel chartering andrelated services mainly to the marine construction contractorsof several marine infrastructure projects in Hong Kong, includingthe Three-Runway System project in the Hong Kong InternationalAirport and the Integrated Waste Management Facilities Phase 1project in Shek Kwu Chau. BUSINESS PROSPECT 540 As there are numbers of high-profile development projects andinfrastructure projects related to marine construction works initiatedby the government of Hong Kong which reached their final stagein recent years, management of the Group expects the demandof the Group’s vessel chartering and related services for thesemarine construction projects would diminish gradually. On theother hand, for marine construction services, the Acquisition allowsthe Group to capitalise on the majority of the duration and revenueof two-subcontract marine construction agreements (the “Sub-contracts”) with contract sum of approximately HK$540 million,providing the Group with a long-term, stable and major customeruntil March 2027 which are expected to contribute to the Group’srevenue in the future. The Group has established a trading businessarm for the trading of machineries and equipment related to marineand construction industries (the “New Business Activities”). TheNew Business Activities will complement the existing businessesof the Group by providing different products to its clients, whichwill diversify the Group’s revenue streams. It is expected that theNew Business Activities will potentially generate additional revenuegrowth and operation returns to the Group from time to time,which is in the interests of the Company and its shareholders asa whole. The Group intends to fund the New Business Activitieswith its internal financial resources. The Group is currently exploringa potential cooperation with an