GC CONSTRUCTION中期报告 2025/26

(incorporated in the Cayman Islands with limited liability)Stock Code : 1489 2025/26INTERIM REPORT CONTENTS目錄 02Corporate Information04Interim Results Highlights05Management Discussion and Analysis13Corporate Governance and Other Information18Unaudited Condensed Consolidated InterimStatement of Comprehensive Income19Unaudited Condensed Consolidated InterimStatement of Financial Position21Unaudited Condensed Consolidated InterimStatement of Changes in Equity22Unaudited Condensed Consolidated InterimStatement of Cash Flows23Notes to the Unaudited Condensed ConsolidatedInterim Financial Statements CORPORATE INFORMATION 董事會執行董事 BOARD OF DIRECTORSExecutive Directors Mr. Chan Kiu Sum(Chairman and Chief Executive Officer)Mr. Chan Wing PingMs. Chan Chui Ying 獨立非執行董事 Dr. Huang HongMr. Yu Chi WingDr. Lo Ki ChiuDr. Luk Che Chung,JP 審核委員會 AUDIT COMMITTEE Mr. Yu Chi Wing(Chairperson)Dr. Huang HongDr. Lo Ki ChiuDr. Luk Che Chung,JP 薪酬委員會 REMUNERATION COMMITTEE Dr. Huang Hong(Chairperson)Mr. Chan Kiu SumMr. Yu Chi WingDr. Luk Che Chung,JP 提名委員會 NOMINATION COMMITTEE Mr. Chan Kiu Sum(Chairperson)Dr. Huang HongDr. Lo Ki ChiuDr. Luk Che Chung,JP 開曼群島註冊辦事處 REGISTERED OFFICE IN THE CAYMAN ISLANDS 71 Fort StreetPO Box 500George TownGrand Cayman KY1-1106Cayman Islands 71 Fort StreetPO Box 500George TownGrand Cayman KY1-1106Cayman Islands 總部及香港主要營業地點 HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 83319 909 Unit 909, 9th Floor, Tower 1Cheung Sha Wan Plaza833 Cheung Sha Wan RoadKowloonHong Kong CORPORATE INFORMATION公司資料 開曼群島股份過戶登記總處 CAYMAN ISLANDS PRINCIPAL SHAREREGISTRAR AND TRANSFER OFFICE Appleby Global Services (Cayman) Limited71 Fort StreetPO Box 500George TownGrand Cayman KY1-1106Cayman Islands Appleby Global Services (Cayman) Limited71 Fort StreetPO Box 500George TownGrand Cayman KY1-1106Cayman Islands 公司秘書 COMPANY SECRETARYMr. Yu Tsz Ngo 授權代表 AUTHORISED REPRESENTATIVESMr. Chan Kiu SumMr. Yu Tsz Ngo 核數師LL Tower 21A AUDITOR OOP CPA & Co.Certified Public AccountantsRegistered Public Interest Entity AuditorUnit A, 21/F, LL Tower2-4 Shelly StreetCentralHong Kong 主要往來銀行1 PRINCIPAL BANKER Bank of China (Hong Kong) Limited1 Garden RoadHong Kong 香港股份過戶登記分處 HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 148212103B Boardroom Share Registrars (HK) Limited2103B, 21st Floor148 Electric RoadNorth Point Hong Kong 公司網址www.chankiu.hk COMPANY’S WEBSITEwww.chankiu.hk 投資者關係聯絡Info@chankiu.hk INVESTOR RELATIONS CONTACTInfo@chankiu.hk 股份代號1489 STOCK CODE1489 INTERIM RESULTS HIGHLIGHTS For the six months ended 30 September 202520259 30 –Revenue decreased from approximately HK$265.3 million for the six months ended 30 September 2024 toapproximately HK$155.9 million for the six months ended 30 September 2025, representing a decrease ofapproximately HK$109.4 million or 41.2%.20249 30265.320259 30155.9109.441.2%–Gross profit decreased from approximately HK$2.9 million for the six months ended 30 September 2024to approximately HK$0.8 million for the six months ended 30 September 2025, representing a decrease ofapproximately HK$2.1 million or 72.3%.20249 302.920259 300.82.172.3%–The Group recorded a loss and total comprehensive expense for the period attributable to owners of theCompany of approximately HK$9.0 million for the six months ended 30 September 2025 (six months ended30 September 2024: approximately HK$7.2 million).20259 309.020249 307.2–Basic loss per share attributable to owners of the Company was approximately HK0.9 cents for the sixmonths ended 30 September 2025 (six months ended 30 September 2024: approximately HK0.7 cents).20259 300.920249 300.7–The Board has resolved not to recommend the declaration of an interim dividend for the six months ended30 September 2025 and 2024.202520249 30 MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW 業務回顧 2024930265.32025930155.9109.441.2% Due to the instability in Hong Kong’s real estate market, the Groupbecame significantly more cautious when tendering for new projects.The prevailing market uncertainty, driven by fluctuating propertyprices and subdued investor confidence, resulted in a decline in theoverall number of available tenders. In response to these conditions,the Group adopted a selective tendering strategy that emphasizesthorough risk assessment before deciding whether to submit atender. Under this prudent approach, the Group’s revenue decreasedfrom approximately HK$265.3 million for the six months ended30 September 2024 to approximately HK$155.9 million for thesix months ended 30 September 2025, representing a decrease ofapproximately HK$109.4 million or 41.2%. This decline was mainlyattributable to the reduced number of projects undertaken as a resultof the Group’s cautious strategy. Rather than pursuing every available opportunity, the Groupfocused on projects that demonstrated solid financial reliability andmanageable operational risks. Each potential tender underwent athorough evaluation of customer creditworthines