Century GP International (02113) has announced that its business operations remain stable despite the current challenging market environment. As stated in the announcement, the Group is actively exploring business opportunities to diversify its revenue streams, including expanding its redevelopment, renovation, and retrofitting engineering business. Although the potential project mentioned in the announcement has not yet been finalized, the Group has recently succeeded in bidding for a show flat renovation project with a contract value of approximately HKD 13.5 million, and has signed an acceptance letter for an interior decoration project with a contract value of approximately HKD 26.7 million. The related revenue is expected to be recognized in the fiscal year ending March 31, 2027. The actual financial impact of these projects will be assessed upon their completion and is subject to review and final audit by the Company's auditors. In response to current challenges, while actively seeking new business opportunities, the Group has also made strategic adjustments to its site formation business. Leveraging its accumulated extensive experience and competitive advantages in executing large-scale projects, the Group has shifted its operational focus towards projects with shorter cycles and relatively smaller scales. The Group aims to enhance operational flexibility, enable the parallel execution of multiple projects, optimize resource utilization, and accelerate revenue recognition. The Company maintains a cautiously optimistic outlook on the Group's business prospects. Although the operating environment is expected to remain challenging in the short term, the Group's strategic adjustments and recently secured projects have laid a solid foundation for its business development. The Group will continue to actively seek new business opportunities, closely monitor market dynamics, and remain committed to creating long-term value for the Company's shareholders.
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