本报记者 蒙婷婷 6月10日，经历停牌10天后，成都市新筑路桥机械股份有限公司（以下简称"新筑股份"，股票代码：002480）复牌即"一字 涨停"，股价为7.19元/股，涨幅为9.94%。 新筑股份董事会秘书张杨向《证券日报》记者表示："通过此次交易，公司将战略性退出磁浮与桥梁功能部件业务，蜀道 清洁能源将成为公司控股子公司，公司未来将聚焦于清洁能源发电业务。同时，通过此次交易盘活公司资产、降低负债率，从 根本上改善公司的经营状况，增强公司的持续经营能力和发展潜力。" 蜀道集团官网显示，蜀道清洁能源系蜀道集团构建"交通+能源"产业生态的战略实施主体，主营水电、风电、光伏等清洁 能源项目的投资、建设与运营，同步大力发展储能（新型储能、抽水蓄能）等业务。截至目前，蜀道清洁能源集团权益装机 1150万千瓦，控股装机857万千瓦，业务覆盖四川省内和西北地区。公司依托四川省内水风光一体化清洁能源基地开发和"交通 +"产业优势，储备水风光资源约3000万千瓦。 预案还显示，新筑股份拟向不超过35名符合条件的特定投资者发行股份募集配套资金，募集配套资金总额不超过本次拟以 发行股份方式购买资产的交易价格的100%，且发行股份 ...

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 48,130,000, a decrease of 52.6% compared to HKD 101,526,000 for the same period in 2023[2] - Gross profit for the same period was HKD 18,808,000, down 6.6% from HKD 20,138,000 year-on-year[2] - The company reported a loss attributable to equity holders of HKD 3,064,000, compared to a loss of HKD 648,000 in the previous year[4] - The revenue from mobile phone sales in Hong Kong was HKD 3,150,000, while IoT solutions sales in Hong Kong reached HKD 43,008,000[15] - The report showed a loss of HKD 3,032,000 for the reporting segments, compared to a loss of HKD 524,000 in the previous year[22] - The company's revenue for the six months ended September 30, 2024, was HKD 48,000,000, a decrease of approximately 53% compared to HKD 102,000,000 for the same period last year[50] - The loss attributable to equity holders for the period was HKD 3,100,000, compared to a loss of HKD 600,000 for the same period in 2023[50] - Revenue from mobile phone sales decreased by 84% to HKD 3,000,000, primarily due to weak market demand and the closure of the AEON department store counters[51] - Revenue from IoT solutions was HKD 44,000,000, down from HKD 82,000,000, resulting in a loss of HKD 600,000 compared to a profit of HKD 1,700,000 in the previous year[52] - Rental income from property investment increased by HKD 300,000 to HKD 800,000, but the segment recorded a loss of HKD 1,800,000, up from HKD 1,200,000 due to increased financial costs from bank loans[53] Assets and Liabilities - Total assets as of September 30, 2024, were HKD 400,426,000, a slight increase from HKD 400,185,000 as of March 31, 2024[6] - Current assets decreased to HKD 160,622,000 from HKD 190,853,000, reflecting a decline of 15.8%[6] - The company’s cash and bank balances decreased to HKD 15,657,000 from HKD 22,699,000, a reduction of 30.9%[6] - The net current asset value was HKD 15,028,000, down from HKD 18,168,000, indicating a decline of 17.8%[8] - Total assets as of September 30, 2024, amounted to HKD 374,650,000, down from HKD 405,345,000 as of March 31, 2024[25] - Total liabilities were HKD 145,907,000, a decrease from HKD 172,775,000 as of March 31, 2024[25] - The company's total bank borrowings were HKD 132,000,000, compared to HKD 159,000,000 as of March 31, 2024[56] - The asset-to-equity ratio improved to 55% from 66% as of March 31, 2024, indicating a reduction in total borrowings relative to total equity[56] Costs and Expenses - The company’s financing costs decreased to HKD 3,713,000 from HKD 5,910,000, a reduction of 37.4%[2] - Financing costs for the period were HKD 3,713,000, compared to HKD 5,910,000 in the previous year[27] - Depreciation expenses totaled HKD 479,000 for the six months ended September 30, 2024[27] - The company recognized government grants of HKD 26,000 during the period, down from HKD 52,000 in the previous year[27] - The company reported a fair value loss of HKD 86,000 in foreign exchange for the period[27] Equity and Shareholder Information - The company’s total equity as of September 30, 2024, was HKD 239,470,000, a decrease from HKD 242,361,000 as of March 31, 2024[8] - The company has granted unexercised share options involving 88,280,000 shares, representing 7% of the total issued shares as of September 30, 2024[59] - The company has provided corporate guarantees amounting to HKD 130,000,000 as of September 30, 2024, down from HKD 138,000,000 as of March 31, 2024[61] Corporate Governance and Compliance - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by the same individual[64] - The audit committee reviewed the accounting policies and discussed internal controls and financial reporting matters for the six months ended September 30, 2024[66] - The interim report containing all required information will be sent to shareholders and published on the company's website and the Hong Kong Stock Exchange's website[69] Employment and Staff - The company employed approximately 109 staff as of September 30, 2024, compared to 100 staff as of March 31, 2024, with total employee costs remaining at HKD 7,000,000[58]

Financial Performance - The group's revenue increased by 4% to HKD 176 million for the year ended March 31, 2024, compared to HKD 170 million in the previous year[12]. - The sales of mobile phones decreased significantly from HKD 75 million to HKD 29 million, resulting in a loss of HKD 6 million[13]. - Revenue from IoT solutions rose from HKD 93 million to HKD 146 million, with a profit of HKD 5 million compared to a loss of HKD 7 million in the previous year[14]. - Rental income from property investments decreased from HKD 1.9 million to HKD 1.2 million, leading to a loss of HKD 3 million[15]. - The company reported a pre-tax loss of HKD 21,992,000, compared to a loss of HKD 19,568,000 in 2023, indicating a deterioration in performance[159]. - The company reported a loss attributable to owners of HKD 21,968,000 for the year ending March 31, 2024, compared to a loss of HKD 19,568,000 in the previous year, representing an increase in loss of approximately 7.1%[166]. - Total comprehensive income for the year was HKD (22,024,000), which includes other comprehensive expenses of HKD (56,000) compared to HKD (18,304,000) in the previous year[166]. - The company experienced a pre-tax loss of HKD 21,992,000, which is an increase from HKD 19,568,000 in the prior year, indicating a worsening operational performance[168]. Cash Flow and Liquidity - As of March 31, 2024, the group's cash and bank balances were approximately HKD 25 million, down from HKD 38 million the previous year, with bank borrowings increasing to HKD 159 million[17]. - Cash and bank balances decreased to HKD 22,699,000 from HKD 35,463,000, indicating a decline in liquidity[161]. - The company reported a decrease in cash and cash equivalents at year-end to HKD 1,510,000 from HKD 14,426,000 in the previous year, reflecting liquidity challenges[171]. - Cash flow from operating activities showed a net outflow of HKD 34,926,000, an improvement from the previous year's outflow of HKD 45,861,000[171]. - The company generated a net cash inflow from investing activities of HKD 20,191,000, a significant recovery from a net outflow of HKD 6,424,000 in the previous year[171]. - New bank loans obtained amounted to HKD 144,973,000, compared to HKD 92,400,000 in the previous year, indicating increased financing activity[171]. Corporate Governance - The board consists of six executive directors and four independent non-executive directors, ensuring a diverse governance structure[42]. - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange regulations, with some exceptions noted[40]. - The company is committed to improving corporate governance practices and ensuring proper oversight of business activities and decision-making processes[40]. - The company secretary ensures accurate communication of information within the board and provides necessary support for compliance with applicable laws and regulations[45]. - The company has implemented a standard code of conduct for securities trading by directors, confirming compliance throughout the fiscal year[41]. - The board will provide training for newly appointed directors to ensure they are well-versed in the company's policies and relevant regulations[42]. - The board held a total of 11 meetings this year, with all executive directors attending at least 8 out of 11 meetings[46]. - The audit committee held 2 meetings during the year, with all members attending both sessions[59]. - The remuneration committee met once this year to assess the performance of executive directors and determine their compensation policies[51]. - The nomination committee, consisting of three independent non-executive directors, also held one meeting this year[57]. - The company has established a whistleblowing policy for employees to report suspected violations and concerns related to operations or finances[92]. - The board of directors includes a mix of executive and independent non-executive members, ensuring governance and oversight[116]. Employee and Talent Management - The group employed 100 staff members, with total employee compensation amounting to HKD 18 million, up from HKD 17 million the previous year[22]. - The company is focused on talent development and employee engagement, with dedicated efforts in human resources management[38]. - Employee turnover rate rose to 5% in 2024, compared to 3% in 2023[83]. - The company provided an average of 5 hours of training per employee during the reporting period[85]. Environmental and Social Responsibility - The company achieved Hong Kong Green Organization certification at the excellent level for waste reduction and good level for energy saving[74]. - The company has maintained a commitment to corporate social responsibility, receiving the "15 Years Plus Caring Company" logo from the Hong Kong Council of Social Service[96]. - The company has been a corporate sponsor of the "30 Hour Famine" event organized by World Vision Hong Kong since 2010[97]. - The company has no significant impact on the environment and natural resources from its operations[77]. - There were no fatal or work-related injury cases reported during the reporting period[84]. - The company made donations totaling HKD 250,000 during the review year[113]. Financial Position and Assets - Total assets decreased to HKD 433,185,000 from HKD 428,496,000 in the previous year, reflecting a slight decline[161]. - Current liabilities increased to HKD 172,685,000 from HKD 164,118,000, indicating a rise in short-term obligations[161]. - The net asset value decreased to HKD 242,361,000 from HKD 263,328,000, showing a reduction in equity[163]. - The company recognized a fair value loss on investment properties of HKD 18,090,000, compared to HKD 9,621,000 in 2023, highlighting increased market challenges[159]. - The total fair value of the group's investment properties as of March 31, 2024, is approximately HKD 165,200,000, with a fair value impairment recognized in the comprehensive income statement amounting to HKD 18,090,000 for the fiscal year[141]. Accounting and Financial Reporting - The financial statements are prepared based on historical cost, except for investment properties and financial instruments measured at fair value[184]. - The company confirms the recognition of right-of-use assets and corresponding lease liabilities for all leases, excluding short-term leases and low-value asset leases[193]. - The company assesses whether contracts are leases at the commencement date, ensuring compliance with the Hong Kong Financial Reporting Standards[192]. - The company will recognize lease liabilities at the present value of unpaid lease payments at the lease commencement date[196]. - Lease liabilities are presented as a separate item in the consolidated statement of financial position, reflecting interest and lease payments[197]. - The company applies HKAS 36 to determine if right-of-use assets are impaired and to account for any identified impairment losses[200].

香港通訊國際控股有限公司（「本公司」）之董事會（「董事會」）欣然宣佈本公司及其 附屬公司（統稱「本集團」）截至二零二四年三月三十一日止年度之經審核綜合業績 連同截至二零二三年三月三十一日止年度之經審核比較數字如下： 綜合全面收益表 截至二零二四年三月三十一日止年度 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 HKC INTERNATIONAL HOLDINGS LIMITED 香港通訊國際控股有限公 司 * （於開曼群島註冊成立之有限公司） （股票代號：248） 截至二零二四年三月三十一日止年度之 全年業績公佈 | | | 二零二四年 | 二零二三年 | | --- | --- | --- | --- | | | 附註 | 千港元 | 千港元 | | 收益 | 3 | 176,302 | 169,524 | | 銷售成本 | | (130,929) | (140,883) | | 毛利 | | 45,373 | 28,641 | | 其他收入、收益 ...

Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 101,526,000, an increase of 4.9% compared to HKD 97,085,000 for the same period in 2022[5] - Gross profit for the same period was HKD 20,138,000, up 29.9% from HKD 15,581,000 year-on-year[5] - The company reported a net loss attributable to equity holders of HKD 648,000, compared to a profit of HKD 794,000 in the previous year[5] - Total comprehensive income for the period was HKD 1,442,000, a decrease of 75.7% from HKD 5,919,000 in the prior year[5] - The report shows a segment loss of HKD (524) thousand for the six months ended September 30, 2023, compared to a profit of HKD 880 thousand in the same period of 2022, reflecting a significant decline[18] Cash Flow and Liquidity - The company's cash and bank balances decreased to HKD 21,176,000 from HKD 35,463,000 as of March 31, 2023[6] - The net cash used in operating activities for the six months ended September 30, 2023, was HKD (26,747) thousand, a slight improvement from HKD (28,373) thousand in the same period of 2022, indicating a reduction of approximately 5.8%[10] - The net cash used in investing activities decreased to HKD (188) thousand from HKD (412) thousand year-over-year, reflecting a reduction of about 54.4%[10] - The net cash generated from financing activities was HKD 12,660 thousand, down significantly from HKD 37,163 thousand in the previous year, representing a decline of approximately 65.9%[10] - The total cash and cash equivalents at the end of the period were HKD 21,176 thousand, down from HKD 34,052 thousand a year earlier, marking a decrease of about 37.6%[10] Assets and Liabilities - Total assets less current liabilities stood at HKD 264,820,000, slightly up from HKD 263,378,000 as of March 31, 2023[7] - The company's equity increased to HKD 264,770,000 from HKD 263,328,000, indicating a stable financial position despite the loss[7] - Total assets as of September 30, 2023, amounted to HKD 428,783,000, slightly up from HKD 427,496,000 as of March 31, 2023[19] - Total liabilities as of September 30, 2023, were HKD 164,013,000, a slight decrease from HKD 164,168,000 as of March 31, 2023[19] - The debt-to-equity ratio increased to 58% from 53% as of March 31, 2023[43] Revenue Segmentation - External revenue from Hong Kong operations increased to HKD 98,922 thousand in 2023, compared to HKD 91,124 thousand in 2022, showing a growth of approximately 8.9%[17] - The total external revenue for the group reached HKD 101,526 thousand, up from HKD 97,085 thousand in the previous year, indicating an increase of about 4.5%[17] - Revenue from mobile phone sales decreased by 35% to HKD 19,000,000 compared to HKD 30,000,000 in the same period last year, resulting in a loss of HKD 900,000[37] - Internet of Things (IoT) solutions revenue increased by 24% to HKD 82,000,000 from HKD 66,000,000 year-on-year, with a profit of HKD 1,700,000 compared to HKD 600,000 last year[38] - Rental income from property investments decreased by HKD 500,000 to HKD 500,000, leading to a loss of HKD 1,200,000 compared to a profit of HKD 100,000 last year[39] Operational Insights - The company's contract assets related to smart system construction services increased to HKD 126,951,000 as of September 30, 2023, from HKD 78,344,000 as of March 31, 2023[30] - The average credit period granted to customers is between seven days to one month, with some long-term clients receiving extended terms[31] - The company plans to reduce investment in the mobile phone division due to weak demand in the foreseeable future[40] - The IoT solutions division is expected to see revenue growth due to the implementation of new projects[41] - The rental market remains weak, affecting rental levels and occupancy rates, prompting the company to enhance cost control and develop new products[42] Shareholder Information - As of September 30, 2023, major shareholder Liu Wenting holds 681,752,246 shares, representing 54.74% of the company's equity[56] - Liu Huixian, another major shareholder, holds 93,795,191 shares, accounting for 7.53% of the company's equity[56] - The company has granted share options totaling 88,280,000 shares, representing 7% of the issued share capital as of September 30, 2023[48] - The estimated fair value of the share options granted during the period is HKD 1,887,000[49] Governance and Compliance - The company did not declare an interim dividend for the six months ended September 30, 2023, consistent with the previous year[29] - The company did not purchase, sell, or redeem any of its listed shares during the six months ending September 30, 2023[57] - The company has complied with the corporate governance code as per the listing rules, except for the separation of the roles of Chairman and CEO, which are held by the same individual, Chen Chongyi[58] - The audit committee reviewed the accounting policies and discussed internal controls and financial reporting for the six months ending September 30, 2023[60]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 HKC INTERNATIONAL HOLDINGS LIMITED 香 港 通 訊 國 際 控 股 有 限 公 司 * （於開曼群島註冊成立之有限公司） （股票代號：248） 截至二零二三年九月三十日止六個月 中期業績公佈 香港通訊國際控股有限公司（「本公司」）之董事會（「董事會」）欣然公佈本公司及其 附屬公司（統稱「本集團」）截至二零二三年九月三十日止六個月之未經審核簡明綜 合業績如下： 簡明綜合全面收益表 截至二零二三年九月三十日止六個月 截至九月三十日止六個月 二零二三年 二零二二年 附註 千港元 千港元 （未經審核） （未經審核） ...

Financial Performance - The group's revenue decreased by 15% to HKD 170 million for the year ended March 31, 2023, compared to HKD 199 million in 2022[11]. - The loss attributable to equity holders increased to HKD 20 million, up from a loss of HKD 2 million in the previous year[11]. - The mobile phone sales segment's revenue dropped from HKD 134 million to HKD 75 million, resulting in a loss of HKD 3 million[12]. - The Internet of Things (IoT) solutions segment saw revenue rise from HKD 62 million to HKD 93 million, with a loss of HKD 7 million[13]. - Total revenue for the year ended March 31, 2023, was HKD 169,524,000, a decrease of 14.9% from HKD 199,096,000 in 2022[152]. - Gross profit for the same period was HKD 28,641,000, down 33.1% from HKD 42,816,000 in the previous year[152]. - The company reported a loss before tax of HKD 19,568,000, compared to a loss of HKD 1,943,000 in 2022, indicating a significant increase in losses[152]. - The total comprehensive loss attributable to equity holders for the year was HKD 18,304,000, compared to a loss of HKD 344,000 in the prior year[152]. - The company experienced a fair value loss on investment properties of HKD 9,621,000, contrasting with a gain of HKD 1,952,000 in the prior year, highlighting challenges in asset valuation[159]. - Operating cash flow showed a net outflow of HKD 45,861,000, a substantial increase from a net outflow of HKD 1,845,000 in the previous year, reflecting operational difficulties[161]. Cash and Liquidity - Cash and bank balances as of March 31, 2023, were approximately HKD 38 million, an increase from HKD 28 million in 2022[16]. - The company's cash and bank balances increased to HKD 35,463,000 from HKD 25,746,000, reflecting a growth of 37.6%[154]. - The company secured new bank loans amounting to HKD 92,400,000, an increase from HKD 55,876,000 in the previous year, indicating a strategy to bolster liquidity[161]. - Cash and cash equivalents increased by HKD 3,471,000, compared to a decrease of HKD 7,122,000 in the previous year, suggesting improved cash management[161]. - The company reported a significant increase in interest expenses, rising to HKD 4,664,000 from HKD 2,401,000, which may impact future profitability[159]. Debt and Equity - The bank borrowings increased to HKD 140 million from HKD 85 million in the previous year[16]. - The debt-to-equity ratio rose to 53% from 30% in the previous year[17]. - As of March 31, 2023, the distributable reserves of the company amounted to HKD 146,196,000, a decrease from HKD 147,312,000 in 2022[100]. - The board of directors emphasizes maintaining sufficient cash reserves for operational needs, future business growth, and shareholder returns when considering dividend payments[105]. Corporate Governance - The company does not recommend the distribution of dividends for the years ended March 31, 2023, and 2022[25]. - The board expressed gratitude to shareholders, business partners, and all management and staff for their contributions and support throughout the year[30]. - The board held a total of ten meetings during the year, with attendance records for executive directors ranging from 0 to 10 out of 10[45]. - The chairman and CEO roles are held by the same individual, which the board believes provides strong and consistent leadership for long-term business strategy development[46]. - Independent non-executive directors have a one-year term and must retire and can be re-elected at the annual general meeting[47]. - The company is committed to maintaining high standards of corporate governance as outlined in the annual report[122]. Internal Controls and Audit - The board of directors is responsible for the internal control system, which was reviewed for effectiveness during the year, ensuring compliance with applicable laws and regulations[57]. - The audit committee reviewed the unaudited interim financial statements for the six months ending September 30, 2022, and the audited consolidated financial statements for the year ending March 31, 2023, holding two meetings in total[54]. - The independent auditor's report confirmed that the consolidated financial statements fairly reflect the group's financial position as of March 31, 2023[127]. - The audit committee oversees the financial reporting process of the company[145]. - The auditor's responsibility includes assessing the risk of material misstatement due to fraud or error in the financial statements[148]. Environmental and Social Responsibility - The group received multiple environmental certifications, including the Hong Kong Green Organization Certification at the excellence level[66]. - The group has been recognized with the "15 Years Plus Caring Company" logo by the Hong Kong Council of Social Service for its corporate social responsibility efforts[88]. - The group has maintained a zero incident rate for fatal or occupational injuries during the reporting period[76]. - The average training hours provided to each employee was 5 hours during the reporting period[77]. Future Plans and Strategies - The company plans to develop innovative products in the IoT solutions segment to meet market demand, anticipating an increase in sales[15]. - The company plans to continue applying new Hong Kong Financial Reporting Standards, which are not expected to have a significant impact on its financial performance[168]. Revenue Recognition and Financial Reporting - The revenue from smart system construction services for the year ended March 31, 2023, was approximately HKD 66,196,000[137]. - The revenue recognition for smart system construction services is based on the progress of fulfilling performance obligations over time, using the input method[137]. - The group adopted an expected credit loss model to estimate impairment provisions for contract assets and accounts receivable, which involves significant judgment and assumptions[134]. - The audit procedures for revenue recognition included evaluating internal controls and assessing the appropriateness of revenue recognition policies[138]. - The group recognizes right-of-use assets and corresponding lease liabilities for all leases, excluding short-term leases and low-value asset leases[179].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 HKC INTERNATIONAL HOLDINGS LIMITED 香 港 通 訊 國 際 控 股 有 限 公 司 * （於開曼群島註冊成立之有限公司） （股票代號：248） 截至二零二三年三月三十一日止年度之 全年業績公佈 香港通訊國際控股有限公司（「本公司」）之董事會（「董事會」）欣然宣佈本公司及其 附屬公司（統稱「本集團」）截至二零二三年三月三十一日止年度之經審核綜合業績 連同截至二零二二年三月三十一日止年度之經審核比較數字如下： 綜合全面收益表 截至二零二三年三月三十一日止年度 二零二三年 二零二二年 附註 千港元 千港元 收益 3 169,524 199,096 銷售成本 (140,883) (156,280) 毛利 28,641 42,816 ...

中 期 報 告 202 2 | 公司資料 | 2 | | --- | --- | | 簡明綜合全面收益表 | 3 | | 簡明綜合財務狀況表 | 4 | | 簡明綜合權益變動表 | 6 | | 簡明綜合現金流量表 | 7 | | 簡明綜合財務報表附註 | 8 | | 管理層討論與分析 | 18 | | 其他資料 | 19 | 2 香港通訊國際控股有限公司 中期報告 2O22 董事會 執行董事 陳重義 （主席兼行政總裁） 陳重言 陳明謙 胡國林 CPA, FCCA 葉文瀚 林文厚 獨立非執行董事 趙雅穎 FCCA, ACA, CPA（執業） 朱初立 羅家熊 公司秘書 胡國林 CPA, FCCA 註冊辦事處 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands British West Indies 香港主要營業地點 公司資料 栢年有限公司 香港 銅鑼灣 禮頓道77號 禮頓中心17樓 核數師 信永中和（香港）會計師事務所有限公司 香港 黃竹坑道二十九號 維他大廈十四樓B座 開曼群島股份登記總處 Codan ...

Financial Performance - The group's revenue decreased by 8% to HKD 199 million for the year ended March 31, 2022, compared to HKD 217 million in the previous year[10]. - The company reported a loss attributable to equity holders of HKD 2 million, down from a profit of HKD 5 million in the previous year[10]. - Revenue from mobile phone sales decreased from HKD 148 million to HKD 134 million, with a profit of HKD 3 million compared to HKD 4 million in the previous year[11]. - Revenue from IoT solutions was HKD 62 million, down from HKD 67 million, with a loss of HKD 5 million, unchanged from the previous year[12]. - Total revenue for the year ended March 31, 2022, was HKD 199,096,000, a decrease of 8.4% from HKD 217,122,000 in the previous year[149]. - Gross profit increased to HKD 42,816,000, up 7.2% from HKD 39,744,000 year-on-year[149]. - The company reported a loss attributable to equity holders of HKD 1,943,000 compared to a profit of HKD 4,747,000 in the previous year, marking a significant decline[149]. - The basic and diluted loss per share was HKD (0.16), compared to earnings per share of HKD 0.38 in the previous year[149]. Cash Flow and Financial Position - As of March 31, 2022, the group's cash and bank balances were approximately HKD 28 million, up from HKD 24 million in the previous year, while bank borrowings were HKD 85 million, down from HKD 88 million[16]. - The net cash used in operating activities was HKD 1,843,000, an improvement from HKD 21,476,000 in the previous year[156]. - The company’s cash and bank balances increased to HKD 25,746,000 from HKD 21,080,000, representing a growth of 22.0%[151]. - The company reported a total cash and bank balance of HKD 25,746,000, with bank overdrafts of HKD 14,755,000[159]. - The cash outflow from financing activities was HKD 17,607,000 in 2022, compared to a cash inflow of HKD 25,508,000 in 2021[159]. - The company reported a decrease in cash and cash equivalents of HKD 7,122,000 in 2022, contrasting with an increase of HKD 3,703,000 in 2021[159]. Corporate Governance - The board of directors includes six executive directors and three independent non-executive directors, ensuring a diverse governance structure[40]. - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange regulations, with a commitment to continuous improvement in governance practices[38]. - The chairman and CEO roles are held by the same individual, which the board believes provides strong and consistent leadership for long-term business strategy development[45]. - The company emphasizes the importance of effective communication within the board and compliance with applicable laws and regulations[43]. - The company is committed to ensuring that all directors receive appropriate training to enhance their knowledge and skills[40]. - The company has a structured approach to corporate governance, ensuring that the interests of shareholders, customers, and employees are protected[38]. - The board will continue to review and improve corporate governance practices to ensure prudent decision-making[57]. Environmental and Social Responsibility - The company encourages sustainable resource use and has implemented a 4R policy to minimize environmental impact[67]. - The company received multiple environmental certifications, including the Hong Kong Environmental Excellence Award and the Hong Kong Green Organization Certification[15]. - The company made donations totaling HKD 150,000 during the year[107]. Internal Controls and Audit - The company emphasized the importance of internal controls to ensure the preparation of financial statements free from material misstatement due to fraud or error[141]. - The audit report highlighted the need for ongoing assessment of the company's ability to continue as a going concern[145]. - The audit procedures included evaluating the appropriateness of revenue recognition policies and assessing the reasonableness of budgeted contract costs[136]. - The independent auditor's report was issued on June 24, 2022, confirming the overall fairness of the consolidated financial statements[148]. Market and Operational Insights - The rental market demand is weak, which will put downward pressure on rental income and occupancy rates[15]. - The company plans to develop innovative products in the IoT solutions segment to meet market demand and will continue to implement cost control measures[14]. - The employee turnover rate increased to 5% in 2022, compared to 2% in 2021[77]. Shareholder Information - The company has no dividends declared or proposed for the year ended March 31, 2022[25]. - The company maintains a dividend policy that considers financial performance, cash flow, future expansion plans, and shareholder interests[108]. - As of March 31, 2022, Chairman and CEO Chen Chong-yi holds 659,740,159 shares, representing 52.97% of the company[116]. - Major shareholder Liu Wen-ting holds 681,752,246 shares, representing 54.74% of the company[119].