Financial Performance - For the six months ended September 30, 2020, the company reported a revenue of HKD 1,030,042,000, representing a 32% increase from HKD 781,360,000 in the same period last year[4] - The profit attributable to equity holders for the same period was HKD 73,187,000, a significant increase of 115% compared to HKD 34,101,000 in the previous year[4] - Basic earnings per share rose to HKD 11.6 cents, up 115% from HKD 5.4 cents year-on-year[3] - The gross profit margin for the period was approximately 27.1%, compared to 23.3% in the previous year[30] - The company reported a pre-tax profit of HKD 101,269,000, which is a 102% increase from HKD 50,158,000 year-on-year[4] - The total comprehensive income for the period was HKD 178,716,000, compared to a loss of HKD 80,720,000 in the previous year[32] - The group's profit before tax for the six months ended September 30, 2020, was HKD 73,187,000, compared to HKD 34,101,000 in 2019, representing a significant increase of 114%[66] - The adjusted profit before tax for the company was HKD 101,269,000 for the six months ended September 30, 2020, compared to HKD 50,158,000 in 2019, indicating a growth of 101.5%[59] Assets and Liabilities - The company's total assets increased to HKD 3,866,656,000, reflecting a 13% growth from HKD 3,414,096,000[4] - Current assets increased to HKD 2,832,279,000 from HKD 2,431,450,000, representing a significant growth of about 16.5%[35] - The total liabilities increased to HKD 1,044,309,000 from HKD 764,263,000, indicating a rise of approximately 37%[36] - The company's net assets increased to HKD 2,822,347,000 from HKD 2,678,310,000, showing a growth of around 5.4%[36] - As of September 30, 2020, non-current assets totaled HKD 1,034,377,000, an increase from HKD 1,011,123,000 as of March 31, 2020, reflecting a growth of approximately 2.6%[35] Cash Flow and Dividends - The company declared a cash dividend of HKD 4.5 cents per share, which is a 29% increase from HKD 3.5 cents in the prior year[3] - The company reported a net cash inflow from operating activities of HKD 141,766,000 for the six months ended September 30, 2020, compared to HKD 139,318,000 in the same period of 2019, reflecting a slight increase of 1.05%[49] - The company experienced a net increase in cash and cash equivalents of HKD 101,982,000, compared to HKD 113,967,000 in the previous year[49] - The cash and cash equivalents at the end of the period were HKD 1,136,492,000, compared to HKD 754,729,000 in 2019, showing an increase of 50.6%[49] Market Performance - Revenue from the China and Hong Kong segment reached HKD 829,192,000, a significant increase from HKD 507,823,000 in 2019, representing a growth of 63.2%[59] - Revenue from Taiwan decreased by 43% to HKD 39 million, down from HKD 68 million in 2019[91][96] - Revenue from other overseas markets fell by 21% to HKD 162 million, down from HKD 205 million in the previous year[91][98] - The group achieved over 60% growth in the Chinese market, with revenue reaching HKD 829 million, up from HKD 508 million in the previous year[90][95] Operational Efficiency - The group implemented measures to enhance production efficiency, resulting in a total production value increase of over 40% compared to the same period last year[100] - The new MK6e series injection molding machines accounted for nearly half of the group's sales in the small and medium-sized injection molding machine segment[94] - The SPARK series of all-electric injection molding machines gained significant market acceptance, contributing to the group's growth during the pandemic[99] Shareholder Information - The company reported a total of 399,641,620 shares held by major shareholder Zhenxiong Investment, representing approximately 63.38% of the issued ordinary shares[126] - The company has no outstanding stock options as of September 30, 2020, and no options were granted, exercised, or lapsed during the six-month period[123] - The company’s major shareholders include Schroders Plc, holding 50,012,000 shares, which is approximately 7.93% of the total[126] Corporate Governance - The company has complied with all provisions of the corporate governance code as of September 30, 2020, except for deviations related to the rotation of directors every three years[130] - The chairman and group president roles are held by the same individual, which the company deems suitable for providing strong leadership and effective decision-making[132] - The audit committee and management reviewed the unaudited interim results for the six months ending September 30, 2020, including discussions on internal controls and financial reporting[138] Future Outlook - The outlook for the second half of the year remains optimistic due to effective pandemic control and the promotion of the domestic circulation economy[110] - The group aims to enhance market share and competitiveness despite ongoing global economic uncertainties[110] - The group plans to continue developing new materials and technologies, including high-end injection molding processes for the 5G and electronics industries[99]

Financial Performance - Revenue for the year ended March 31, 2020, was HK$1,513,363,000, a decrease of 7% from HK$1,635,938,000 in 2019[3] - Profit attributable to equity holders of the Company increased by 4% to HK$93,651,000 from HK$90,279,000 in the previous year[3] - Basic earnings per share rose by 4% to 14.9 HK cents from 14.3 HK cents[4] - Total assets remained stable at HK$3,442,573,000, a slight decrease of 0% from HK$3,451,745,000[3] - Net current assets increased by 9% to HK$1,765,510,000 from HK$1,612,556,000[3] - For the financial year ended March 31, 2020, the Group reported total turnover of HK$1,513 million, a decline of 7% compared to HK$1,636 million in 2019[20] - Profit attributable to equity holders increased by 4% to HK$94 million, up from HK$90 million in the previous year[20] - The Group's basic earnings per share increased to HK14.9 cents from HK14.3 cents in the previous year[36] - The Group's profit attributable to equity holders was HK$35 million, down from HK$58 million in 2019, after accounting for special items such as foreign exchange losses and one-time gains from property sales[78] Dividends - Cash dividends per share increased by 29% to 9.0 HK cents from 7.0 HK cents in 2019[4] - The company proposed a special final dividend of 1.7 HK cents, contributing to a total annual dividend of 9.0 HK cents[6] - The Board recommended a special final dividend of HK1.7 cents, bringing the total full-year dividend payout to HK9.0 cents, compared to HK7.0 cents in 2019[21] - The Board recommended a final dividend of HK3.8 cents per share and a special final dividend of HK1.7 cents per share for this financial year[38] Impact of COVID-19 - The management anticipated a recovery in the second half of the fiscal year following a trade agreement between the US and China, but was impacted by the COVID-19 pandemic[18] - The company faced significant challenges due to global economic conditions, particularly from the US-China trade tensions and the COVID-19 outbreak[18] - The economic environment in 2020 was severely affected by the COVID-19 pandemic, with significant disruptions to consumption and industrial production in China[37] - The COVID-19 pandemic caused a significant impact, wiping out two to three months of global consumption and leading to serious GDP drops in many countries[43] - Production facilities were shut down for nearly a month due to the pandemic, but the Group was among the first to resume operations in mid-February 2020[74] - The Group's efforts in customer engagement during the pandemic helped mitigate the impact on turnover, demonstrating strong support from its customer base[59] Market Performance - The Group's sales performance in the first half of the financial year declined by 12% year-on-year, but the new MK6e product line saw strong sales growth in Q3, compensating for most of the first half's decline[44] - The Group's turnover in Mainland China and Hong Kong for the year was HK$1,039 million, a decrease of 2% from HK$1,062 million in 2019[49] - The Group's turnover from Taiwan dropped by 22% to HK$98 million, down from HK$125 million in 2019[49] - The Group's turnover from other overseas countries decreased by 16% to HK$376 million, compared to HK$449 million in 2019[49] - The Group's China business experienced a 13% decline in the first half of the year, but managed to achieve only a 2% overall decline for the year due to strong support from customers[56] - International turnover dropped by 16% to HK$376 million from HK$449 million in 2019 due to shipping disruptions caused by the COVID-19 pandemic[66] - Taiwan market turnover decreased by 22% to HK$98 million from HK$125 million in 2019, reflecting the impact of global lockdowns on export activities[67] Strategic Initiatives - The Group plans to focus on developing specialized solutions for specific application segments, including the "TP ii" second-generation large machines and the MK6e series for electric appliances[29] - The Group aims to enhance competitiveness by investing in new technologies, improving quality, and expanding market share despite ongoing uncertainties from the trade war and pandemic[33] - The Group plans to continue investing in specialized, value-creating solutions to meet diverse industry needs, aligning with the Chinese government's technological development roadmap[73] - The Group's strategic direction is "Customers First," focusing on customer needs during the pandemic to strengthen relationships[118] Corporate Governance - The Company has complied with all provisions of the Corporate Governance Code, except for specific deviations regarding director rotation[140] - The Company recognizes the importance of good corporate governance practices in safeguarding shareholder interests and enhancing performance[140] - The Company is committed to maintaining high standards of corporate governance practices[140] - The roles of Chairman and Chief Executive Officer are held by the same individual, which is considered appropriate for the Group[140] - The Company has a diverse board with members having international experience across various sectors[143] - The Company has established a formal and transparent arrangement for considering matters related to financial reporting and overseeing the relationship with external auditors[192] Employee Management - The Group had approximately 2,200 full-time employees as of March 31, 2020, down from 2,300 in 2019[113] - The Group's employee remuneration and welfare packages are competitive, with performance-based rewards[115] - The Group conducted regular training programs to enhance staff quality and teamwork[116] Financial Management - The Group maintained a prudent financial management strategy, ensuring sufficient liquidity to meet funding requirements for investments and operations[85] - Cash and bank balances increased to HK$1,018 million from HK$688 million, an increase of HK$330 million year-over-year[82] - The Group recorded a net cash position of HK$919 million, up from HK$614 million, reflecting an increase of HK$305 million[82] - Bank borrowings rose to HK$99 million from HK$74 million, an increase of HK$25 million, utilized for general working capital[82] Risk Management - The board is responsible for risk assessment and management in pursuit of strategic objectives[154] - The Group's annual plan on risk management control was reviewed[197] - The internal audit findings and management responses were evaluated[197]

Financial Performance - The company's revenue for the six months ended September 30, 2019, was HKD 781,360,000, a decrease of 12% compared to HKD 888,280,000 in the same period last year[4]. - The profit attributable to equity holders for the same period was HKD 34,101,000, representing a 70% increase from HKD 20,051,000 year-on-year[20]. - Basic earnings per share increased by 74% to HKD 5.4 compared to HKD 3.1 in the previous year[3]. - The average return on equity rose to 1.3%, an 86% increase from 0.7% in the previous year[3]. - The gross profit margin for the period was approximately 23.3%, down from 22.8% in the previous year[21]. - The company reported a pre-tax profit of HKD 50,158,000, an increase of 58% from HKD 31,785,000 in the previous year[21]. - The company’s total comprehensive income for the period was HKD 20,051,000, reflecting a significant change from the previous year[41]. - Profit attributable to equity holders increased by 70% to HKD 341 million, up from HKD 201 million in the previous year, primarily due to reduced foreign exchange losses and improved overall gross margin[114]. Assets and Liabilities - The total assets as of September 30, 2019, were HKD 3,414,096,000, a slight increase of 2% from HKD 3,331,706,000[4]. - The net cash position increased to HKD 1,585,330,000, reflecting a 2% growth from HKD 1,560,535,000[4]. - Total liabilities increased to HKD 678,992,000, representing an increase of 11.2% from HKD 610,515,000[24]. - The total equity attributable to equity holders of the company was HKD 2,660,984,000, a decrease of 3.8% from HKD 2,766,076,000[26]. - The net asset value decreased to HKD 1,585,330,000, down 1.7% from HKD 1,612,556,000[24]. - The company reported a decrease in trade receivables to HKD 24,673,000, down 19.9% from HKD 30,779,000[24]. - The company has a total of HKD 518,431,000 in inventory, down 6.2% from HKD 552,996,000[24]. - The total trade and bills receivables stood at HKD 910,737,000 as of September 30, 2019, compared to HKD 915,098,000 on March 31, 2019, a slight decrease of 0.5%[89]. Cash Flow and Dividends - The net cash inflow from operating activities for the six months ended September 30, 2019, was HKD 139,318,000, compared to a net outflow of HKD 77,132,000 in the same period of 2018[45]. - The company paid dividends of HKD 25,221,000 during the period, compared to HKD 31,527,000 in the previous year[45]. - The company declared a cash dividend of HKD 3.5 per share, up 17% from HKD 3.0 per share in the previous year[3]. - The interim dividend declared for the six months ended September 30, 2019, is HKD 0.035 per share, up from HKD 0.03 per share in 2018, totaling HKD 22,069,000 compared to HKD 18,916,000 in the previous year, representing a 16.0% increase[83]. Market Conditions and Business Strategy - The group experienced a slowdown in business performance due to global trade weakness, tensions in US-China relations, and a weakening domestic economy in China[114]. - The group noted that China's industrial output growth rate fell to below 5% year-on-year in July 2019, marking the slowest growth in many years[114]. - The GDP growth rate in China for Q3 2019 fell to 6%, below market expectations, prompting the central government to implement tax cuts to stimulate the economy[116]. - The company is focusing on expanding its market presence and developing new technologies to enhance its competitive edge[27]. - The company plans to enhance market share with the new MK6e "evolution" model and improve overall performance in the second half of the year[135]. Accounting and Compliance - The adoption of HKFRS 16 resulted in an increase in lease liabilities by HKD 2,210,000[55]. - The right-of-use assets increased by HKD 37,823,000, while prepaid land lease payments decreased by HKD 34,206,000[55]. - The company confirmed compliance with the corporate governance code during the six months ended September 30, 2019, with some deviations noted[157]. - The audit committee reviewed the unaudited interim results for the six months ended September 30, 2019[163]. Employment and Shareholder Information - The total number of full-time employees was approximately 2,200 as of September 30, 2019, a decrease from 2,300 in 2018[134]. - Major shareholder Chen Hsong Investment holds 399,641,620 shares, representing 63.38% of the issued ordinary shares[152]. - The company did not grant or exercise any share options during the six months ended September 30, 2019[149].

Financial Performance - Revenue for the year ended March 31, 2019, was HK$1,635,938, a decrease of 2% from HK$1,667,879 in 2018[3] - Profit attributable to equity holders of the Company was HK$90,279, down 11% from HK$101,877 in 2018[3] - Total assets decreased by 7% to HK$3,451,745 from HK$3,695,700 in 2018[3] - Basic earnings per share decreased by 12% to HK$14.3 cents from HK$16.2 cents in 2018[4] - Cash dividends per share were HK$7.0 cents, a decrease of 13% from HK$8.0 cents in 2018[4] - Return on average shareholders' funds was 3.2%, down from 3.7% in 2018, representing a 14% decline[5] - Return on average total assets was 2.5%, a decrease of 14% from 2.9% in 2018[5] - Net current assets decreased by 4% to HK$1,612,556 from HK$1,675,542 in 2018[3] - For the financial year ended 31 March 2019, the Group registered a slight turnover decline of 2% to HK$1,636 million compared to HK$1,668 million in 2018[21] - Profit attributable to equity holders declined by 11% to HK$90 million from HK$102 million in the previous year[21] Market Conditions - The company faced significant challenges due to the escalating trade tensions between the US and China, impacting global economic conditions[19] - The global economic outlook remains uncertain, heavily influenced by the Sino-American trade war and rising protectionist sentiments in the USA[29] - The overall economic environment saw a significant decline in global PMI, indicating acute contraction in the manufacturing sector, particularly affecting the Group's performance[44] - The Sino-American trade war initiated in July led to a rapid decline in China's PMI, which fell below the 50 mark, impacting the Group's turnover negatively[46] - Rising raw material prices, especially for iron and steel, exerted heavy pressure on the Group's profit margins during the financial year[46] - The Group anticipates a lackluster market in China due to uncertainties surrounding the Sino-American trade war, impacting growth prospects[110] Strategic Initiatives - The company plans to adapt its strategies in response to the changing macroeconomic environment and trade policies[19] - The Group plans to continue investing in quality improvement, new technology development, and expanding into overseas high-end markets to maintain competitiveness[30] - The launch of the all-new SPARK series of all-electric injection moulding machines is expected to fill the market gap between low-end China-made machines and high-end imports[26] - The Group aims to launch new products and expand into different application industries to maximize market share amid challenging conditions[111] Product Performance - The Group's turnover in China for the financial year was HK$1,062 million, a slight decline of 5% from HK$1,121 million in the previous year[58] - Internationally, the Group's turnover grew by 7% to HK$449 million, up from HK$421 million in the previous year[60] - The Group's sales of the new MK6 series high-performance machines contributed to maintaining turnover decline within 5% in China despite challenging market conditions[58] - The Group launched four new product lines during the "Chen Hsong Super New Products Carnival," including the high-performance all-electric injection moulding machines "SPARK" series[65] - The "SPARK" series aims to break the performance barriers between traditional China-made and high-end Japanese all-electric machines, with strong confidence in its market acceptance in China[68] - The MK6e "evolution" series is designed to serve specific market segments with high flexibility, allowing the higher-performing MK6 series to focus on high-end applications[70] Financial Position - As of March 31, 2019, the Group had net current assets of HK$1,613 million, a 4% decrease from HK$1,676 million in 2018[80] - Cash and bank balances increased to HK$688 million from HK$659 million in 2018, representing an increase of HK$29 million[80] - Bank borrowings rose to HK$74 million from HK$25 million in 2018, indicating a short-term loan increase of HK$49 million for working capital[80] - The Group maintained a net cash position of HK$614 million, down from HK$634 million in 2018, reflecting a decrease of HK$20 million[80] - The Group's capital commitments for industrial buildings and production equipment in Mainland China amounted to HK$7 million as of March 31, 2019[85] Corporate Governance - The Company has complied with all code provisions of the Corporate Governance Code, except for certain deviations regarding director retirement and separation of roles[134] - The Board consists of three executive directors and four independent non-executive directors, ensuring a diverse range of experience and expertise[145] - The Company is committed to maintaining high standards of corporate governance practices to safeguard shareholder interests[134] - The Company has a structured approach to risk assessment and management to achieve its strategic objectives[146] - The Company has established a formal and transparent arrangement for considering matters related to financial reporting, risk management, and internal control[182] Leadership and Management - Ms. Lai Yuen Chiang has been with the Group since 1988 and was appointed as Chairman on April 23, 2018, overseeing management and business development[114] - Mr. Chi Kin Chiang joined the Group in 1998 and became Deputy Chairman on April 23, 2018, responsible for manufacturing operations[118] - Mr. Stephen Chung has been with the Group since 2001 and serves as Group Chief Officer for Strategy, Sales, and Marketing, bringing over 14 years of experience in various fields[119] - The Group's leadership team includes members with advanced degrees from prestigious institutions, such as Columbia University and the University of California, Berkeley[119][124] - The Company has a strong focus on production management, sales, and marketing, leveraging the extensive experience of its executive team[114][119] Employee and Community Engagement - The total number of full-time employees as of March 31, 2019, was approximately 2,300, down from 2,500 in 2018[108] - The Company has been actively involved in various community and cultural initiatives through its directors' roles in different organizations[128] Risk Management - The Company has a structured approach to risk assessment and management to achieve its strategic objectives[146] - The Company reviewed the adequacy of resources and staff qualifications in its accounting and financial reporting functions[1] - The Group's compliance with regulatory and statutory requirements was reviewed as part of the corporate governance practices[1]