世纪集团国际2026年报

CONTENTS Corporate Information2Financial Highlights4Management Discussion and Analysis6Biographical Details of Directors10Corporate Governance Report13Report of Directors31Independent Auditor’s Report43Consolidated Statement of Profit or Loss and Other Comprehensive Income48Consolidated Statement of Financial Position49Consolidated Statement of Changes in Equity50Consolidated Statement of Cash Flows51Notes to the Consolidated Financial Statements53 CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Mr. Man Wai LunMs. Liang Yawen (appointed on 24 June 2026) Independent Non-executive Directors Mr. Law, Michael Ka MingMr. Chung Man LaiMs. Lam Yuen Man Maria AUDIT COMMITTEE Ms. Lam Yuen Man Maria(Chairman)Mr. Law, Michael Ka MingMr. Chung Man Lai REMUNERATION COMMITTEE Mr. Law, Michael Ka Ming(Chairman)Mr. Chung Man LaiMs. Lam Yuen Man Maria NOMINATION COMMITTEE Mr. Chung Man Lai(Chairman)Mr. Law, Michael Ka MingMs. Lam Yuen Man Maria COMPANY SECRETARY Mr. Lee Cheuk Man AUTHORISED REPRESENTATIVES Mr. Man Wai LunMr. Lee Cheuk Man HEADQUARTER AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 316D Office D, 16/FKings Wing Plaza 1No. 3 On Kwan StreetShek MunNew TerritoriesHong Kong HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 3382333301-04 Union Registrars LimitedSuites 3301-04, 33/F.Two Chinachem Exchange Square338 King’s RoadNorth Point, Hong Kong PRINCIPAL BANKShanghai Commercial Bank Ltd. AUDITOR 69The Chelsea 20 OOP CPA & Co.Certified Public AccountantsRegistered Public Interest Entity Auditor20/F, The Chelsea69 Jervois Street,Sheung Wan, Hong Kong www.centurygroup.com.hk COMPANY WEBSITE www.centurygroup.com.hk STOCK CODE 21132113 FINANCIAL HIGHLIGHTS MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW Construction and site formation services 23(a)(b)(c)(d) The Group has over 23 years of experience in providing site formationworks as a subcontractor in Hong Kong. The site formation worksundertaken by the Group generally include (a) general earthworks(including soil and rock excavation, disposal of construction anddemolition materials, backfilling and compaction for forming a new siteor achieving designed formation level for later development); (b) tunnelexcavation works (including rock excavation works for construction oftunnels through drill and break and/or drill and blast methods as wellas construction of associated temporary tunnel support structures); (c)foundation works (including excavation and lateral support works (the“ELS”) and associated structural works for construction of pile caps forcommercial and residential building projects); and (d) road and drainageworks. For the year ended 31 March 2026 (the “Reporting Period”), theremaining project in last year of contract sum amounting to approximatelyHK$310.0 million completed. The project together with other variationorders contributed a revenue of approximately HK$2.1 million (2025:approximately HK$15.9 million) to the Group. There was no new long-term project granted during the Reporting Period. 310,000,0002,100,00015,900,000 The Group has repositioned its operational focus towards shorter-termand comparatively smaller-scale projects during the Reporting Period.During the Reporting Period, the Group was granted 2 short-termprojects which were completed during the Reporting Period. The projectscontributed a revenue of approximately HK$25.6 million. 25,600,000 Prospects (i)13,500,000(ii)26,700,000 The Company reaffirms that its business operation continues to rest ona solid foundation despite the challenges posed by the prevailing marketconditions. The Group was actively exploring business opportunities tobroaden its revenue streams, including extending its business operationin redevelopment, renewal and refurbishment projects. The Group hasrecently (i) successfully tendered a show flat decoration project withcontract sum of approximately HK13.5 million; and (ii) signed a letterof acceptance in relation to an interior fitting-out work project withcontract sum of approximately HK$26.7 million. The relevant revenuesare expected to be recognized during financial year ending 31 March2027. The actual financial effect in connection with these projects will beassessed after the completion and is subject to review and final audit tobe performed by the Company’s auditors. In addition to exploring new business opportunities, the Group hasalso undertaken a strategic reorientation of its site formation operationsamid the current challenges. Leveraging its established experience andcompetitive strengths in the execution of sizeable projects, the Group hasrepositioned its operational focus towards shorter-term and comparativelysmaller-scale projects. The Group aims to improve operational flexibilityand enable the concurrent execution of multiple projects, therebyoptimising resource utilisation and accelerating revenue recognition. MANAGEMENT DISCUSSION AND ANALYSIS The Company remains cautiously optimistic ab