昊天国际建投中期报告 2025

(Stock Code 股份代號:1341)(Incorporated in the Cayman Islands with limited liability)（於開曼群島註冊成立的有限公司）(Stock Code 股份代號:1341)(Incorporated in the Cayman Islands with limited liability)（於開曼群島註冊成立的有限公司） 2025中 期 報 告Interim Report Contents 2Corporate Information4Management Discussion and Analysis26Corporate Governance and Other Information31Condensed Consolidated Statement of Profit or Loss andOther Comprehensive Income 33Condensed Consolidated Statement of Financial Position35Condensed Consolidated Statement of Changes in Equity36Condensed Consolidated Statement of Cash Flows38Notes to the Condensed Consolidated Financial Statements CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Mr. Fok Chi TakMr. Tang Yiu Chi JamesDr. Zhiliang Ou,J. P. (Australia) Non-executive Directors Mr. Xu LinMs. Jiang Yang Independent Non-executive Directors Mr. Mak Yiu TongMr. Li Chi Keung EliotMr. Shek Lai Him AbrahamMr. Chan Ming Sun Jonathan AUDIT COMMITTEE Mr. Chan Ming Sun Jonathan(Chairman)Mr. Mak Yiu TongMr. Li Chi Keung EliotMr. Shek Lai Him Abraham REMUNERATION COMMITTEE Mr. Mak Yiu Tong(Chairman)Dr. Zhiliang Ou,J. P. (Australia)Mr. Xu LinMr. Li Chi Keung EliotMr. Chan Ming Sun Jonathan NOMINATION COMMITTEE Mr. Mak Yiu Tong(Chairman)Mr. Fok Chi TakMr. Li Chi Keung EliotMr. Chan Ming Sun JonathanMs. Jiang Yang CHIEF EXECUTIVE OFFICER Mr. Fok Chi Tak Mr. Siu Chun Pong Raymond AUTHORISED REPRESENTATIVES Mr. Fok Chi TakMr. Siu Chun Pong Raymond Hao Tian International Construction Investment Group LimitedInterim Report 20252 CORPORATE INFORMATION AUDITORMoore CPA LimitedLEGAL ADVISERRaymond Siu & Lawyers PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1–1108Cayman Islands Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkP. O. Box 1350Grand Cayman KY1–1108Cayman Islands HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1831717121716 Computershare Hong Kong Investor Services LimitedShops 1712–171617th Floor, Hopewell Centre183 Queen’s Road EastWan Chai, Hong Kong PRINCIPAL BANKERS Shanghai Commercial Bank LimitedThe Hongkong and Shanghai Banking Corporation LimitedBank of China (Hong Kong) LimitedNanyang Commercial Bank, LimitedThe Bank of East Asia Limited REGISTERED OFFICE Windward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1–1108Cayman Islands Windward 3, Regatta Office ParkP. O. Box 1350Grand Cayman KY1–1108Cayman Islands PRINCIPAL PLACE OF BUSINESS 6–8252510–2518 Rooms 2510–2518, 25/FShui On Centre6–8 Harbour Road, WanchaiHong Kong STOCK CODE 1341 1341 WEBSITE www.haotianint.com.hk www.haotianint.com.hk MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW Challenging Market Conditions 41453980 The current period of six months ended 30 September 2025 (the “Period”)has proven to be a particularly challenging period for Hao Tian InternationalConstruction Investment Group Limited (the “Company”) and its subsidiaries(the “Group”), marked by a reduction in revenue compared to the last periodof six months ended 30 September 2024 (the “Prior Period”). For the Period,the Group recorded a revenue of approximately HK$41 million, representing adecline of approximately HK$45 million comparing with the Prior Period. Thisdecline in revenue has resulted in the loss before tax of approximately HK$39million (Prior Period: approximately HK$80 million). 50% The primary factor contributing to the decline in revenue was the drop in theutilization rate of the Group’s construction machinery rental fleet. As at 30September 2025, the occupancy rate has fallen to approximately 50%, reflectinga substantial slowdown in construction business of the Group. The lack ofnew and substantial infrastructure projects commencing in Hong Kong havesignificantly reduced the market demand for heavy construction machinery. Construction machinery business The Group offers crawler cranes of different sizes, other mobile cranes, aerialplatforms and foundation equipment in its construction machinery rentalfleet. The Group procures these construction machinery mainly through themanufacturers of construction machinery located in Western Europe, Japan andChina as well as traders of used construction machinery around the world. 147 The Group has maintained approximately 147 units of construction machineryin its rental fleet as at 30 September 2025. In order to maintain a modern fleet ofconstruction machinery with a more diversified variety of models, the Group hasbeen replacing portions of its fleet of construction machinery from time to time.The Board will continue to regularly monitor the daily operations and review theexpansion plan of its rental fleet and the capital requirements of the Group. TheGroup may reschedule such expansion plan according to the operational needs,the preference of the target customers and the prevailing market conditions. Tosatisfy the customers’ needs, the Group also sells spare part