Financial Performance - Consolidated revenue for the six months ended September 30, 2024, was HK362.3million,representinga17.9307.1 million in the same period of 2023[18] - Gross profit decreased to HK33.9million,down17.040.8 million in the previous year[18] - Loss attributable to the owners of the Company was HK14.9million,a130.66.4 million in 2023[18] - Losses per share increased to HK(0.92) cents, compared to HK(0.42) cents in the prior year, reflecting a 119.0% increase[18] - Other income and gains decreased from approximately HK8.8milliontoHK3.1 million, primarily due to a reduction in government grants[113] - Administrative expenses decreased from approximately HK52.6milliontoHK49.5 million, mainly due to a decrease in share option expenses[114] - Finance costs increased from approximately HK6.4milliontoHK8.5 million due to a rise in the Group's overall borrowing level[115] - The Group's revenue increased by approximately 18.0% to approximately HK362.3millionfortheperiod,comparedtoHK307.1 million in the previous period[111] - Loss attributable to owners of the Company was approximately HK14,856,000,comparedtoalossofapproximatelyHK6,443,000 in the corresponding period[112] Construction Business - Revenue from the construction business amounted to approximately HK313.8million,a20.5260.5 million in 1H2023, driven by an increase in sizable projects[22] - As of September 30, 2024, the Group had 9 projects in progress with an aggregate contract value of approximately HK2,372.89million[31]−NoprojectswerecompletedduringthePeriod[30]−Allprojectsinprogressareconsideredtobeonschedule,withnoexpectedindemnificationtothirdpartiesorincreaseincontingentliabilities[31]−Theconstructionindustrycontinuestofacechallengeswithincreasingoperationalcostsandcompetition,promptingtheGrouptostrengthencostcontrolmeasures[106]EnvironmentalProtectionBusiness−TheGroup′senvironmentalprotectionbusinessincludesharmlesswastetreatmentsandthedevelopmentofenvironmentalprotectionindustrialparksinMainlandChina[20]−RevenuefromtheEnvironmentalProtectionBusinessincreasedbyapproximately4.148.5 million for the Period, compared to HK46.6millionin1H2023[38]−RevenuegeneratedfromkitchenwastetreatmentamountedtoHK33.9 million during the Period, down from HK38.1millionin1H2023,mainlyduetoconstructionrevenuefromXuanchengPlant[38]−TheGroup′senvironmentalprotectioninitiativesincludeharmlesswastetreatments,developmentofenvironmentalprotectionindustrialparks,andnewenergymaterials[38]−TheCompanyisexploringnewtechnologiesandstrategiestoenhanceitsenvironmentalprotectionservices[20]FutureOutlook−Futureoutlookincludescontinuedinvestmentinlarge−scaleprojectstodriverevenuegrowthintheconstructionsector[22]−Themanagementanticipatesapositiveoutlookforthenextfiscalyear,drivenbynewproductlaunchesandmarketstrategies[178]−Thecompanyplanstocontinueexpandingitsmarketpresenceandproductofferingsintheupcomingquarters[178]−TheGroupisfocusedondevelopingandmanaginganenvironmentalprotectionindustrialpark,withongoinginvestmentsintechnologyprojects[80]ShareOptionScheme−The2023ShareOptionSchemewasadoptedwithalifeof10yearsfromMay30,2023,aimedatmotivatingeligibleparticipantsandrecognizingtheircontributions[141]−The2014ShareOptionSchemewasadoptedfor10yearsstartingfromAugust26,2014,andwasterminatedonMay30,2023,whenthe2023ShareOptionSchemewasadopted[146]−ThesubscriptionpriceforoptionsunderbothschemesisdeterminedbytheBoardandmustbeatleastthehigheroftheclosingpriceonthegrantdate,theaverageclosingpriceoverthepreviousfivebusinessdays,orthenominalvalueofashare[150]−Alloptionsgrantedunderthe2023ShareOptionSchemewillhaveaminimumvestingperiodof12months,subjecttotheBoard′sdiscretiontoshortenit[151]−Thetotalnumberofsharesissueduponexerciseofoptionsinany12−monthperiodshallnotexceed152.6 million, compared to HK$56.6 million for the six months ended September 30, 2023[132] - The company had 398 employees as of September 30, 2024, an increase from 363 employees as of March 31, 2024[132] - The Group's obligations under the joint venture agreement with Yisheng Zhihui were fully discharged upon completion of the liquidation[84]