Financial Performance - The company reported a significant increase in revenue for the fiscal year 2022/23, with total revenue reaching HKD 1.2 billion, representing a 15% growth compared to the previous year[1]. - The company's revenue for the fiscal year ending March 31, 2023, was HKD 238,500,000, a decrease of HKD 35,900,000 or 13.1% compared to HKD 274,400,000 in the previous year[29]. - Profit attributable to shareholders increased to HKD 29,200,000, up HKD 2,700,000 or 10.2% from HKD 26,500,000 in the prior fiscal year[29]. - The group's pre-tax profit for the year was HKD 33,600,000, compared to HKD 30,900,000 in the previous year[23]. - The group recorded an operating loss of HKD 10,000,000 for the year, compared to an operating profit of HKD 10,600,000 in the previous year[36]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[1]. - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on sustainable building materials[1]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share over the next three years[1]. - A strategic acquisition of a local construction firm is anticipated to enhance operational capabilities and is expected to close by Q3 2023[1]. Research and Development - Research and development expenses increased by 30%, reflecting the company's commitment to innovation and new technology[1]. - The company plans to implement a new digital platform aimed at improving customer engagement and operational efficiency, with an expected launch in Q4 2023[1]. Environmental, Social, and Governance (ESG) Initiatives - The company is focusing on enhancing its environmental, social, and governance (ESG) initiatives, aiming for a 50% reduction in carbon emissions by 2025[1]. - The company reported a total greenhouse gas emissions of 5,182.01 tons CO2 equivalent for the reporting period, a decrease of 4.5% from 5,426.49 tons in the previous year[199]. - The company installed a real-time energy management system to measure energy consumption and identify energy-saving opportunities[192]. - The company has implemented energy visualization LCD panels at its facilities to promote energy education among employees[192]. Corporate Governance - The company has maintained compliance with corporate governance codes throughout the fiscal year, ensuring transparency and accountability[57]. - The board of directors held eight meetings during the year, with attendance records indicating active participation from members[62]. - The company has established a remuneration committee consisting of three independent non-executive directors, one executive director, and one non-executive director, with the committee having held one meeting during the fiscal year ending March 31, 2023[75]. - The company emphasizes the importance of diversity in its board composition, considering factors such as gender, age, cultural background, and professional experience during the nomination process[81]. Risk Management - The company emphasizes the importance of effective risk management for long-term growth and sustainability, integrating it into strategic, operational, and financial management[95]. - The company has implemented a risk management strategy that evaluates 16 different risk categories affecting financial performance, reputation, health and safety, legal compliance, and business objectives[102]. - The credit risk level is assessed as medium, with measures including the establishment of a credit committee to formulate credit policies and approval processes[104]. - The company has established internal controls for regular independent reviews to ensure adherence to established policies and credit limits[104]. Employee and Workforce Management - The total number of employees as of March 31, 2023, was 270, down from 278 in the previous year[144]. - As of March 31, 2023, the company had 175 male employees and 95 female employees, resulting in a gender ratio of approximately 1.84, which is an improvement from 1.75 as of March 31, 2022[84]. - The board currently consists of 11 members, with 1 female director, representing about 9.09% female representation[83]. Financial Position - The net current assets of the group as of March 31, 2023, were HKD 12,800,000, a significant improvement from a net current liability of HKD 52,900,000 in the previous year[47]. - The cash and cash equivalents as of March 31, 2023, were HKD 98,200,000, up from HKD 83,500,000 in the previous year[47]. - The net debt-to-equity ratio for the year was 16.9%, down from 23.6% in 2022, primarily due to a reduction in bank loans and an increase in cash and cash equivalents[48]. Shareholder Returns - The board has approved a dividend payout of HKD 0.05 per share, maintaining a stable return for shareholders[1]. - The company proposed a final dividend of HKD 0.03 per share for the year ended March 31, 2023, consistent with the previous year[136]. - The available reserves for distribution as of March 31, 2023, amounted to HKD 339,815,377, an increase from HKD 292,731,849 in the previous year[145]. Market and Competition - The company faces significant competition in its operational segments, with a medium risk level, necessitating close monitoring of market competition[107]. - Marketing efforts have been strengthened to attract customers in response to changing consumer behavior, aiming to prevent revenue shrinkage[11].

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,並明確表示概不對因本公佈全部或任何部分內容而產生或因 依賴該等內容而引致之任何損失承擔任何責任。 SOUTHEAST ASIA PROPERTIES & FINANCE LIMITED 華信地產財務有限公司 (於香港註冊成立之有限公司) (股份代號:252) 截至二零二三年三月三十一日止年度 全年業績 華信地產財務有限公司(「本公司」)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 績如下: – 1 – 綜合損益表 截至二零二三年三月三十一日止年度 | | 附註 | 二零二三年 | 二零二二年 | |---------------------------------------|----------|----------------|-------------------------| | | | 港元 | 港元 | | 收入 | 5 | 238,533,661 | 274,414,996 | | 銷售成本 | | (169,036,6 ...

Financial Performance - For the six months ended September 30, 2022, the company reported revenue of HKD 138,385,192, an increase from HKD 124,659,453 in the same period last year, representing a growth of approximately 11.5%[15] - The gross profit for the same period was HKD 41,637,613, slightly up from HKD 41,014,735, indicating a marginal increase of 1.5%[15] - The company recorded a pre-tax profit of HKD 6,510,506, a significant decrease from HKD 54,653,145 in the previous year, reflecting a decline of approximately 88.1%[18] - The net profit attributable to the company's owners was HKD 3,798,830, down from HKD 51,222,830, marking a decrease of about 92.6%[18] - The basic and diluted earnings per share for the period were HKD 1.7, compared to HKD 22.7 in the previous year, a decline of approximately 92.5%[18] - The total comprehensive income for the period was a loss of HKD 10,272,346, compared to a comprehensive income of HKD 53,962,016 in the previous year, reflecting a significant decline[20] Revenue Segments - The group's revenue from property investment, development, and leasing/hotel operations for the six months ended September 30, 2022, was HKD 138,385,892[47] - The revenue from the production and distribution of plastic packaging materials for the same period was HKD 124,659,453[47] - Revenue from goods sales was HKD 123,657,078, up from HKD 107,599,251, reflecting a growth of approximately 15%[61] - The plastics packaging materials segment reported revenue of HKD 123,700,000, an increase of HKD 16,100,000 compared to HKD 107,600,000 in the previous period[130] Expenses and Costs - The cost of goods sold for the period was HKD 80,912,034, compared to HKD 67,064,434 in the previous year, reflecting an increase of about 21%[72] - Total finance costs increased to HKD 3,506,426 from HKD 2,372,633, marking a rise of approximately 48%[68] - Administrative expenses rose to HKD 28,011,764 from HKD 24,877,100, an increase of approximately 8.6%[15] Cash Flow and Liquidity - The net cash generated from operating activities for the six months ended September 30, 2022, was HKD 49,506,690, a significant recovery from a cash outflow of HKD 35,387,695 in the same period last year[30] - The net decrease in cash and cash equivalents for the six months ended September 30, 2022, was HKD 17,365,258, compared to a much larger decrease of HKD 96,590,694 in the prior year[30] - The company's cash and cash equivalents were HKD 61,000,000 as of September 30, 2022, down from HKD 83,500,000 as of March 31, 2022[134] Assets and Liabilities - As of September 30, 2022, total assets amounted to HKD 1,150,685,174, compared to HKD 1,144,156,496 as of March 31, 2022, reflecting a slight increase of 0.5%[23] - The company's total liabilities decreased from HKD 486,245,530 as of March 31, 2022, to HKD 340,370,026 as of September 30, 2022, indicating a reduction of approximately 30%[23] - The carrying value of the group's trade and other receivables was HKD 105,627,949 as of September 30, 2022, down from HKD 154,769,751 as of March 31, 2022, indicating a decrease of 31.7%[90] Equity and Shareholder Information - The total equity attributable to owners of the company was HKD 1,053,756,492 as of September 30, 2022, compared to HKD 1,063,882,292 as of March 31, 2022, reflecting a decline of approximately 1%[25] - Major shareholders include Junyun International Limited with 26.37% ownership (59,435,758 shares) and Xinlong Investment Limited with 16.60% ownership (37,416,000 shares) as of September 30, 2022[161] - The company did not recommend any interim dividend for the reporting period, consistent with the previous year[73] Operational Insights - The group is divided into three operational segments: property investment and hotel operations, production and distribution of plastic packaging materials, and brokerage and securities financing[44] - The company is adopting a cautious approach to business development to mitigate risks and maintain healthy growth amid current market instability[141] - The group anticipates stable rental income from its diversified property portfolio despite global economic uncertainties, including inflation and geopolitical tensions[141] Risk Management - The company will continue to monitor foreign exchange risks closely and consider hedging strategies when significant risks arise[136] - The International Monetary Fund (IMF) has downgraded its economic growth forecast for the coming year, reflecting concerns over rising inflation and potential recession[146] Employee and Management Information - The group currently has 272 employees as of September 30, 2022, down from 278 on March 31, 2022[139] - The total remuneration for key management personnel increased from HKD 5,294,974 in the previous year to HKD 9,954,022, representing an increase of approximately 88.5%[113]

Financial Performance - The company reported a total revenue of HKD 1.2 billion for the fiscal year 2021/22, representing a 15% increase compared to the previous year[3]. - The net profit for the year was HKD 300 million, which is a 20% increase year-over-year[3]. - The company's revenue for the year ended March 31, 2022, was HKD 274,400,000, an increase of HKD 14,100,000 or 5.4% compared to HKD 260,300,000 for the previous year[22]. - Profit attributable to owners of the company was HKD 26,500,000, a significant increase of HKD 20,200,000 or 323.1% from HKD 6,300,000 in the previous year[22]. - The group's operating profit was HKD 42,256,000, up from HKD 29,796,000 in the previous year[22]. - The investment property fair value gain was HKD 18,709,000, compared to a loss of HKD 47,586,000 in the previous year[22]. - The revenue from property investment, development, and leasing/hotel operations was HKD 12,300,000, a decrease of HKD 4,200,000 or 25.4% from HKD 16,500,000 in the previous year[32]. - The production and distribution of plastic packaging materials recorded revenue of HKD 242,600,000, an increase of HKD 18,000,000 or 8.0% from HKD 224,600,000 in the previous year[36]. - The profit from the production and distribution of plastic packaging materials decreased by HKD 10,200,000 or 31.2% to HKD 22,400,000 from HKD 32,600,000 in the previous year[36]. Future Projections - The company has projected a revenue growth of 10% for the next fiscal year, targeting HKD 1.32 billion[3]. - New product launches are expected to contribute an additional HKD 100 million in revenue in the upcoming year[3]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, with plans to open three new offices by the end of 2023[3]. - A strategic acquisition of a local competitor is anticipated to enhance market share by 15%[3]. Operational Efficiency and Investments - Investment in technology development increased by 30%, totaling HKD 150 million for the year[3]. - The company aims to improve operational efficiency, targeting a 5% reduction in costs through new automation technologies[3]. Dividends and Shareholder Returns - The board has approved a dividend payout of HKD 0.05 per share, reflecting a 10% increase from the previous year[3]. - The board proposed a final dividend of HKD 0.03 per ordinary share, consistent with the previous year's dividend[23]. - The board has considered various factors, including operational performance and financial condition, when proposing dividends to shareholders[144]. Corporate Governance - The company has adopted the corporate governance code as per the listing rules and has complied with it throughout the financial year[60]. - The company encourages continuous professional development for directors to ensure informed contributions to the board[71]. - The chairman also serves as the CEO, which deviates from the code's recommendation for separate roles[72]. - The company has established procedures for directors to seek independent professional advice at the company's expense[67]. - The company has three committees: Audit Committee, Remuneration Committee, and Nomination Committee, to oversee specific matters[64]. - The audit committee conducted four meetings during the year and ensured compliance with corporate governance policies and regulations[95]. - The company has established a nomination committee to consider suitable candidates for board membership, ensuring compliance with listing rules[82]. - The audit committee is responsible for recommending the appointment and remuneration of external auditors to the board[95]. Risk Management - The company emphasized the importance of effective risk management for long-term growth and sustainability, integrating it into strategy, operations, and financial management[103]. - The risk management process evaluated 16 different categories of risks affecting financial performance, reputation, health and safety, legal compliance, and personnel allocation[111]. - The company identified investment strategy risks due to uncontrollable external factors, with a medium risk level, and implemented thorough due diligence for potential projects[111]. - Economic and political outlook risks were assessed as medium, with ongoing evaluations of the operating environment in Hong Kong and China to respond to any changes[111]. - The company is committed to maintaining robust internal controls to prevent significant misstatements due to fraud or error[101]. - The board of directors is responsible for preparing financial reports that reflect a true and fair view, supported by necessary internal controls[101]. Financial Position and Liabilities - The group's net current liabilities amounted to HKD 52,900,000 as of March 31, 2022, compared to net current assets of HKD 204,500,000 in the previous year[51]. - Cash and cash equivalents decreased to HKD 83,500,000 from HKD 159,600,000 in the previous year[51]. - The group's bank borrowings increased to HKD 337,200,000 from HKD 275,200,000 in the previous year[51]. - The net debt-to-equity ratio rose to 23.5% from 10.7% in the previous year[51]. Employee and Community Engagement - The group employed 278 staff members as of March 31, 2022, a decrease from 291 in the previous year, indicating a reduction of about 4.5% in workforce size[160]. - The group reported charitable donations of HKD 17,000 for the year, a significant increase from HKD 2,000 in the previous year[153]. Compliance and Regulatory Engagement - The company actively engages with regulatory bodies and external advisors to stay updated on new laws and regulations[120]. - The company has established clear policies and procedures for reporting misconduct and insider information, ensuring compliance with applicable laws[133]. - The company does not currently have an internal audit function due to the scale and complexity of its operations, relying instead on external auditors for independent reviews[137]. Supplier and Customer Relations - The largest supplier accounted for 38% of the group's purchases, while the top five suppliers collectively represented 84% of total purchases[167]. - The largest customer contributed 15% to the group's sales, with the top five customers making up 41% of total sales[168]. - The group is committed to enhancing relationships with customers and suppliers to improve overall performance[168].

Financial Performance - Revenue for the six months ended September 30, 2021, was HKD 124.66 million, a slight decrease of 1.03% compared to HKD 126.96 million in the same period last year[17]. - Gross profit for the same period was HKD 41.01 million, down 9.8% from HKD 45.20 million year-on-year[17]. - The company reported a profit before tax of HKD 54.65 million, a significant recovery from a loss of HKD 18.11 million in the previous year[19]. - Net profit for the period was HKD 52.29 million, compared to a loss of HKD 22.27 million in the same period last year[19]. - Basic and diluted earnings per share were HKD 22.7, a turnaround from a loss of HKD 9.8 per share in the previous year[19]. - Total revenue for the six months ended September 30, 2021, was HKD 124,659,453, a decrease from HKD 126,964,535 in the same period last year, representing a decline of approximately 1.8%[64]. - Revenue from customer contracts, including product sales and hotel accommodation, amounted to HKD 107,599,251, compared to HKD 107,292,171 in the previous year, indicating a slight increase of 0.3%[64]. - The company reported a profit of HKD 51,046,782, compared to a loss of HKD 33,470,689 in the previous period, indicating a significant turnaround[64]. - The company reported a profit attributable to owners of HKD 51,222,830 for the current period, compared to a loss of HKD 22,164,354 in the previous period[78]. Assets and Liabilities - Total assets as of September 30, 2021, amounted to HKD 1.17 billion, an increase from HKD 1.03 billion as of March 31, 2021[24]. - Current assets increased to HKD 408.74 million from HKD 453.32 million, reflecting a decrease in cash and cash equivalents[24]. - The company’s total liabilities were HKD 293.10 million, up from HKD 248.87 million, indicating increased financial obligations[24]. - As of September 30, 2021, the net current assets decreased to HKD 115,634,285 from HKD 204,453,904 as of March 31, 2021, representing a decline of approximately 43.5%[26]. - The company’s liabilities increased to HKD 474,081,252 from HKD 433,510,398, representing an increase of about 9.4%[53]. - The company’s total assets as of September 30, 2021, were HKD 1,577,253,033, compared to HKD 1,482,720,163, reflecting an increase of about 6.4%[53]. - The company’s total equity increased to HKD 1,103,171,781 from HKD 1,049,209,765, reflecting an increase of about 5.2%[26]. - The company’s equity attributable to owners increased to HKD 1,090,809,524 from HKD 1,038,005,257, marking an increase of about 5.1%[26]. Cash Flow and Investments - The net cash generated from operating activities was negative at HKD (35,387,695), compared to a positive cash flow of HKD 9,709,879 in the previous year[30]. - Cash and cash equivalents at the end of the period decreased to HKD 63,241,985 from HKD 112,425,413, indicating a reduction of approximately 43.7%[30]. - The company reported a net cash outflow from investing activities of HKD (96,368,139), compared to HKD (18,701,549) in the previous year, indicating a significant increase in investment expenditures[30]. - The company’s cash flow from financing activities generated HKD 35,165,140, compared to HKD 17,433,245 in the previous year, indicating a significant increase in financing activities[30]. - The company acquired property, plant, and equipment amounting to HKD 8,211,907 during the reporting period, significantly higher than HKD 2,611,404 in the previous period[79]. Market and Operational Insights - The company plans to continue exploring market expansion opportunities and enhancing its product offerings in the upcoming periods[17]. - The company operates in three segments: property investment and development, plastic packaging production and distribution, and securities brokerage and financing[43]. - The hotel upgrade project is expected to be completed in Q2 2024, increasing the number of rooms and commercial area to boost future accommodation and rental income[149]. - The company will continue to modernize manufacturing facilities and focus on promoting environmentally friendly alternatives in response to new waste management regulations in Hong Kong[150]. - The company will regularly review and adjust its financing strategies in response to market conditions, particularly concerning interest rate hikes and inflation risks[151]. Corporate Governance - The board of directors consists of both executive and independent non-executive members, ensuring a clear division of responsibilities and independent operation[158]. - The company has complied with the corporate governance code, with the roles of chairman and CEO held by the same individual, which the board believes does not compromise the balance of power[158]. - The audit committee, composed of four independent non-executive directors, reviewed the interim results before approval by the board[168]. - The company has adopted the standard code for securities transactions by directors, and all directors have complied with its provisions[155]. - The company has not reported any short positions in its shares as of September 30, 2021[167]. Shareholder Information - As of September 30, 2021, major shareholders include Junyun International Limited with 56,216,000 shares (24.94%) and Xinlong Investment Limited with 36,962,000 shares (16.40%) of the company[165]. - The company’s major shareholders' interests are fully overlapping with the interests of the chairman, ensuring a concentrated ownership structure[165]. - The average number of ordinary shares outstanding remained stable at 225,420,034 shares for both periods[78].

Financial Performance - The company reported a revenue of 4.44 million for the fiscal year 2020/21, indicating a significant performance in its financial results[2]. - The group's revenue for the year was HKD 260,300,000, a decrease of HKD 64,600,000 or 19.9% compared to HKD 324,900,000 in the previous year[35]. - The profit attributable to the company's owners was HKD 6,300,000, a turnaround from a loss of HKD 185,700,000 in the previous year[35]. - The group's operating profit for the year was HKD 29,796,000, compared to an operating loss of HKD 162,713,000 in the previous year[30]. - The property investment, development, and leasing segment recorded a revenue of HKD 16,500,000, a significant decrease of HKD 19,800,000 or 54.5% from HKD 36,300,000 in the previous year[36]. - The hotel operations segment saw a drastic decline in accommodation revenue to HKD 500,000, down HKD 12,100,000 or 95.8% from HKD 12,600,000 in the previous year[39]. - The group recorded a pre-tax profit of HKD 17,323,000, compared to a pre-tax loss of HKD 178,915,000 in the previous year[30]. - The group achieved a one-time gain of HKD 53,407,000 from the sale of a subsidiary[30]. - The rental and rental-related income for the group was HKD 16,000,000, a decrease of HKD 7,700,000 or 32.5% from HKD 23,700,000 in the previous year[38]. - Revenue for the plastic packaging materials segment decreased by HKD 48,400,000 or 17.7% to HKD 224,600,000 for the year ended March 31, 2021, compared to HKD 273,000,000 for the previous year[40]. - Profit increased by HKD 8,900,000 or 37.4% to HKD 32,600,000, attributed to lower sales costs and government relief subsidies[40]. - The group's cash and cash equivalents increased to HKD 159,600,000 from HKD 103,400,000, primarily due to proceeds from the sale of a subsidiary[53]. - The net debt-to-equity ratio significantly decreased to 10.7% from 24.5%, reflecting cash used to repay bank loans from subsidiary sales[54]. - The company reported a final dividend of HKD 0.03 per share for the year ended March 31, 2021, consistent with the previous year[174]. - The company had a total available reserves of HKD 299,707,688 as of March 31, 2021, a slight decrease from HKD 303,412,905 in the previous year[183]. Corporate Governance - The board of directors includes experienced members with over 40 years in finance and property investment, enhancing the company's strategic direction[19]. - The independent non-executive directors bring extensive banking and financial experience, which supports the company's governance and oversight[22]. - The company is committed to enhancing its corporate governance practices, as reflected in its governance report[6]. - The company has adopted the corporate governance code as per the Stock Exchange Listing Rules, ensuring transparency and accountability[60]. - The board consists of ten members, with a balanced mix of executive and non-executive directors, and held eight meetings during the year[63]. - Attendance records for board meetings show that the chairman attended 8 out of 10 meetings, while other directors had varying attendance rates[64]. - The company has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, to oversee specific matters[63]. - The company encourages continuous professional development for directors to ensure informed contributions to the board[69]. - The chairman also serves as the CEO, which deviates from the guideline of separating these roles, but the board believes this structure does not harm the balance of power[70]. - No formal meetings were held between the chairman and independent non-executive directors during the year due to scheduling conflicts[72]. - One non-executive director and one independent non-executive director were unable to attend the annual general meeting held on August 28, 2020[73]. - The remuneration committee held one meeting during the year ending March 31, 2021, to review the overall remuneration policy and structure for directors and senior management[75]. - The audit committee conducted four meetings during the year and ensured all members had sufficient experience in reviewing consolidated financial reports[90]. - The external auditor's fees for audit services amounted to HKD 851,599 for the year ending March 31, 2021, compared to HKD 809,260 for the previous year[83]. - The company emphasizes the importance of board diversity as a key element in achieving strategic goals and sustainable development[82]. - The nomination committee reviewed the board's structure, size, and composition to ensure it possesses the necessary expertise and experience[79]. - The remuneration committee's responsibilities include determining specific remuneration for executive directors and senior management based on their roles within the group[75]. - The audit committee is responsible for reviewing the independence and effectiveness of the external auditor's procedures[91]. - The company regularly reviews director remuneration and compares it with other listed companies in Hong Kong[75]. - The nomination committee considers various factors, including integrity, relevant skills, and diversity when evaluating candidates for board positions[80]. - The company has established a written terms of reference for the audit committee to fulfill its corporate governance responsibilities[86]. - The audit committee reviewed the financial reports for the year ending March 31, 2021, and recommended the reappointment of the external auditor, Crowe (HK) CPA Limited, at the upcoming annual general meeting[96]. Risk Management - The company emphasizes the importance of effective risk management for long-term growth and sustainability, integrating it into strategic, operational, and financial management[99]. - The risk management framework includes a "top-down" and "bottom-up" approach to identify and manage significant risks across business units[100]. - The company identified 16 different risk categories affecting financial performance, reputation, health and safety, legal compliance, and achievement of business objectives[107]. - Credit risk management includes establishing a credit committee to formulate policies and approval procedures, ensuring timely actions on overdue accounts[110]. - The company faces liquidity risks due to settlement timing differences and actively manages liquidity to ensure sufficient funds for operations[110]. - The company maintains strict quality control to uphold its reputation built over 60 years, mitigating risks related to product defects[120]. - The company acknowledges the unpredictability of future order amounts from customers due to the nature of one-time purchase orders[121]. - The audit committee is tasked with reviewing the effectiveness of internal controls and risk management systems[99]. - The company has implemented risk mitigation measures, including active collaboration with regulatory bodies and external advisors to stay updated on new laws and regulations[135]. - The company has established a crisis management committee led by executive directors to manage potential reputational risks[145]. - The company has a detailed analysis process for equity investments to mitigate financial losses from price fluctuations[146]. - The company maintains a succession plan for key positions to address potential employee turnover in labor-intensive operations[135]. - The company has set up a robust internal control system to prevent financial losses and reputational damage from operational risks[138]. - The company has developed environmental protection policies to mitigate adverse impacts from daily operations[145]. - The company conducts regular reviews and updates of its policies and procedures to ensure their effectiveness in risk management[151]. - The company has implemented a whistleblowing policy to provide formal reporting channels for misconduct or fraud[152]. Business Development - The company is actively seeking business development opportunities, focusing on market expansion and new product development[19]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its operational capabilities[19]. - The company aims to leverage its experienced management team to navigate future market challenges and opportunities[19]. - The company is closely monitoring market competition and taking appropriate responsive actions to maintain operational performance[127]. - The company actively engages in market promotion to attract customers and strengthen business relationships with current and potential tenants[135]. Employee and Stakeholder Relations - The company employed 291 staff as of March 31, 2021, down from 333 in the previous year[182]. - The company emphasizes the importance of maintaining good relationships with customers and suppliers for overall performance improvement[188]. - The company continues to focus on enhancing its overall performance through strategic relationships with key stakeholders[188]. - The company has a policy in place to closely monitor its customers and suppliers through regulations and policies[188]. - The company's major suppliers and customers accounted for 52% and 38% of total purchases and sales, respectively[187]. - The largest supplier accounts for a significant percentage of the group's purchases, with the top five suppliers collectively representing a substantial portion[188]. - The largest customer contributes a notable percentage to the group's sales, while the top five customers together account for a significant share[188].

Financial Performance - Revenue for the six months ended September 30, 2020, was HKD 126,964,535, a decrease of 31.9% compared to HKD 186,399,695 for the same period in 2019[15] - Gross profit for the same period was HKD 45,203,115, down from HKD 52,380,499, reflecting a gross margin decline[15] - The company reported a loss before tax of HKD 18,108,409, an improvement from a loss of HKD 21,788,026 in the previous year[18] - The net loss attributable to the owners of the company was HKD 22,164,354, compared to HKD 25,715,844 in the prior year, indicating a reduction in losses[18] - The basic and diluted loss per share for the period was HKD 0.098, an improvement from HKD 0.114 in the same period last year[18] - The company reported a net increase in cash and cash equivalents of HKD 8,441,575 for the period, down from HKD 18,479,747 in the previous year, a decline of approximately 54%[29] - The company reported a loss of HKD 22,300,000, which is a reduction of HKD 2,900,000 or 11.5% from the previous loss of HKD 25,200,000[136] Assets and Liabilities - Total assets as of September 30, 2020, were HKD 1,047,325,846, a slight decrease from HKD 1,066,395,991 as of March 31, 2020[23] - Current liabilities increased to HKD 335,847,558 from HKD 301,366,312, indicating a rise in short-term financial obligations[23] - Total assets less current liabilities stood at HKD 1,207,767,735, down from HKD 1,229,747,930, indicating a decrease of about 1.8%[25] - The total equity as of September 30, 2020, was HKD 1,018,723,521, down from HKD 1,037,272,807 as of March 31, 2020, reflecting a decrease of approximately 1.8%[25] - The non-current liabilities, specifically bank loans, were HKD 173,948,110, slightly reduced from HKD 178,220,657, indicating a decrease of about 2%[25] - The total bank loans secured amounted to HKD 381,383,118 as of September 30, 2020, compared to HKD 359,094,466 as of March 31, 2020[113] Cash Flow - The net cash generated from operating activities for the six months ended September 30, 2020, was HKD 9,709,879, significantly lower than HKD 51,065,219 for the same period in 2019, representing a decline of approximately 81%[29] - The net cash used in investing activities was HKD (18,701,549), compared to HKD (3,035,845) in the previous year, showing a substantial increase in cash outflow[29] - The net cash generated from financing activities was HKD 17,433,245, a turnaround from a cash outflow of HKD (29,549,627) in the prior year[29] Revenue Breakdown - Revenue from external customers in Hong Kong was HKD 43,507,837, down from HKD 58,205,145 in 2019, indicating a decrease of about 25%[62] - Revenue from customer contracts, including goods sales, brokerage commissions, and hotel accommodation, amounted to HKD 112,999,534, down 33.5% from HKD 169,914,707 in the previous year[72] - The property investment, development, and leasing segment generated revenue of HKD 10,400,000, down HKD 10,400,000 or 49.9% from the previous period[137] - Hotel accommodation revenue fell to HKD 500,000, a significant drop of HKD 8,400,000 or 94.1% compared to HKD 9,000,000 in the previous period[139] Operational Focus - The company continues to focus on property investment, development, and hotel operations in Hong Kong and China, as well as the production and distribution of plastic packaging materials[32] - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[48] - The company plans to upgrade its properties to capture significant returns in the future amid a challenging economic environment[153] - The hotel upgrade project aims to increase room numbers and commercial area size, expected to boost future accommodation revenue[154] - The company continues to modernize manufacturing facilities to enhance competitiveness amid ongoing challenges from the COVID-19 pandemic and the global "plastic reduction" movement[156] Governance and Compliance - Major shareholders include Jun Yun International Limited with 56,216,000 shares (24.94%) and Xin Long Investment Limited with 36,962,000 shares (16.40%) as of September 30, 2020[171] - The board of directors has ensured compliance with corporate governance codes, although the roles of chairman and CEO are held by the same individual[160] - The audit committee reviewed the interim results before approval by the board of directors[174] - The board of directors consists of 1 executive director and 8 non-executive directors, ensuring a diverse governance structure[181] Market Outlook - The company is optimistic about better performance in the financing business as the pandemic becomes more controllable and the global economy gradually recovers[157] - The company has adopted a cautious approach to guarantee financing, monitoring the situation closely as economic recovery remains uncertain[157]

Financial Performance - The company reported a total revenue of HKD 1.2 billion for the fiscal year 2019/20, representing a year-on-year increase of 15%[1] - The group’s revenue for the year ended March 31, 2020, was HKD 324.9 million, a decrease of HKD 192.2 million or 37.2% compared to HKD 517.2 million in 2019[20] - The loss attributable to owners of the company increased to HKD 185.7 million, approximately three times the loss of HKD 46.8 million in the previous year[26] - The group recorded a pre-tax loss of HKD 178.9 million, compared to a pre-tax loss of HKD 39.5 million in the previous year[20] - The company reported a net profit margin of 25%, maintaining strong profitability despite market challenges[1] - Cash flow from operations increased by 18%, totaling HKD 400 million, providing a solid foundation for future investments[1] Revenue Projections and Growth Strategies - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[1] - New product launches are expected to contribute an additional HKD 200 million in revenue in the upcoming year[1] - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[1] - The company is considering strategic acquisitions to enhance its portfolio, with a budget of up to HKD 300 million allocated for this purpose[1] Operational Challenges - Hotel accommodation revenue decreased by HKD 15 million or 54.4% to HKD 12.6 million, with an occupancy rate of 77.9% compared to 96.5% in the previous year[31] - The fair value loss on investment properties was HKD 185.7 million, a significant decline from a gain of HKD 7.4 million in the previous year, largely due to political issues and the COVID-19 outbreak[30] - Revenue for the plastic packaging materials division decreased to HKD 273,000,000, down HKD 176,900,000 or 39.3% compared to HKD 449,900,000 in the previous year[32] - The division's profit was HKD 23,700,000, a decrease of HKD 1,900,000 or 7.6% from HKD 25,700,000 last year, primarily due to intense market competition and a deteriorating global economic environment[32] Corporate Governance and Board Structure - The board consists of ten members, with a balanced mix of executive and non-executive directors, and held eight meetings during the year[53] - The company has established a remuneration committee to review and approve the compensation policies for directors and senior management[65] - The company has implemented a standard code for securities trading by directors, ensuring compliance throughout the year[52] - The company has established a nomination committee consisting of one executive director, one non-executive director, and three independent non-executive directors to ensure appropriate board composition[70] - The company emphasizes board diversity as a key element for achieving strategic goals and sustainable development, considering factors such as gender, age, and professional experience[74] Risk Management - The company integrates risk management into its overall management control approach to ensure long-term growth and sustainability[88] - The group employs a comprehensive risk management approach, utilizing both top-down and bottom-up methods to identify and manage significant risks[89] - The risk management program evaluates 16 different categories of risks, including financial performance, reputation, health and safety, legal compliance, and personnel impact[97] - Credit risk is managed through the establishment of a credit committee that formulates credit policies and approval procedures, ensuring timely review of overdue accounts[100] - The group faces liquidity risk due to settlement timing differences, which is mitigated by maintaining sufficient liquidity and daily monitoring of cash flow[100] Sustainability and Environmental Initiatives - The management emphasized a focus on sustainability initiatives, aiming for a 30% reduction in operational costs over the next three years[1] - The company plans to modernize manufacturing facilities to enhance competitiveness and focus on promoting recyclable and sustainable alternatives[40] - Environmental protection policies have been developed, including the establishment of an environmental committee and the implementation of green procurement practices[19] Employee and Community Engagement - The group had 333 employees as of March 31, 2020, a decrease from 380 employees in 2019[163] - The group made charitable donations totaling HKD 2,000 during the year, significantly lower than HKD 39,000 in 2019[156] - Regular training is provided to employees to ensure the effectiveness of policies and procedures related to governance, risk management, and compliance[134] Financial Position and Shareholder Information - The group reported a total available reserves of HKD 303,412,905 as of March 31, 2020, down from HKD 314,884,726 in 2019[164] - The company has adopted a policy to maintain sufficient cash reserves when declaring dividends, considering various financial factors[147] - The company has maintained public float requirements throughout the fiscal year ending March 31, 2020[196] - The company has purchased and maintained directors' and officers' liability insurance during the fiscal year[194]

Financial Performance - The company reported revenue of HKD 186,399,695 for the six months ended September 30, 2019, a decrease of 33.8% compared to HKD 281,266,636 in the same period of 2018[6]. - Gross profit for the same period was HKD 52,380,499, showing an increase of 3.6% from HKD 50,645,906 year-on-year[6]. - The company incurred a loss of HKD 25,159,155 for the six months ended September 30, 2019, compared to a profit of HKD 1,910,948 in the previous year[9]. - The basic and diluted loss per share was HKD 11.4, compared to earnings of HKD 0.66 per share in the same period last year[9]. - Total comprehensive loss for the period was HKD 34,147,084, significantly higher than HKD 13,308,885 in the same period of 2018[11]. - The company reported a foreign exchange loss of HKD 8,987,929, compared to a loss of HKD 13,956,701 in the previous year[11]. - The company reported a net cash outflow from investing activities of HKD 3,035,845, a significant improvement compared to HKD 124,031,874 in the previous year[20]. - The company recorded revenue of HKD 186,400,000 for the reporting period, a decrease of HKD 94,900,000 or 33.7% compared to the previous period's revenue of HKD 281,300,000[130]. - The company reported a loss of HKD 25,200,000, contrasting with a profit of HKD 1,900,000 in the previous period, primarily due to an increase in losses from changes in the fair value of investment properties amounting to HKD 35,200,000[130]. Revenue Breakdown - The group reported a total revenue of HKD 20,791,075 for property investment, development, and leasing/hotel operations for the six months ended September 30, 2019, compared to HKD 22,669,212 in the same period of 2018[41]. - Revenue from external customers in Hong Kong was HKD 58,205,145, down from HKD 66,948,085 in 2018, representing a decline of 11.5%[55]. - The company’s revenue from the Greater China region was HKD 53,904,783, down significantly from HKD 118,256,407 in the previous year, a decline of 54.4%[55]. - Revenue from the production and distribution of plastic packaging materials was HKD 7,681,762 for the six months ended September 30, 2019[49]. - Revenue from property investment, development, and leasing was HKD 20,800,000, down HKD 1,900,000 or 8.3% from HKD 22,700,000 in the previous period[131]. - Rental income and related revenues increased to HKD 11,800,000, an increase of HKD 1,200,000 or 11.8% compared to HKD 10,600,000 in the previous period[132]. - Hotel accommodation revenue decreased to HKD 9,000,000, a decline of 25.9% from HKD 12,100,000 in the previous period, with an occupancy rate of 87.2%, down 8.2%[134]. - The production and distribution of plastic packaging materials recorded revenue of HKD 156,900,000, a decrease of 37.0% from HKD 249,100,000 in the previous period[135]. Expenses and Costs - Administrative expenses decreased to HKD 25,626,066 from HKD 36,672,761 year-on-year, reflecting a reduction of 30.2%[9]. - The total cost of goods sold for the six months ended September 30, 2019, was HKD 107,482,066, compared to HKD 198,472,321 in the same period of 2018, showing a significant reduction[64]. - Total interest expenses increased to HKD 6,760,884 for the six months ended September 30, 2019, up from HKD 5,598,325 in the previous year, representing a 20.7% increase[67]. - The income tax expense for the current period was HKD 3,371,129, a decrease of 10.2% from HKD 3,755,092 in the previous year[68]. Assets and Liabilities - As of September 30, 2019, total assets decreased to HKD 1,203,871,733 from HKD 1,242,732,831 as of March 31, 2019, representing a decline of approximately 3.13%[14]. - The company's net assets as of September 30, 2019, were HKD 1,202,169,826, down from HKD 1,236,316,910, representing a decrease of about 2.8%[16]. - The total equity attributable to owners of the company was HKD 1,193,684,846, compared to HKD 1,227,825,171, indicating a decline of approximately 2.8%[16]. - Total liabilities increased from HKD 380,515,949 as of March 31, 2019, to HKD 401,637,191 as of September 30, 2019, reflecting an increase of 5.9%[49]. - The company’s bank loans decreased to HKD 184,057,792 from HKD 202,229,468, a reduction of approximately 9%[14]. - The company’s trade and other receivables decreased to HKD 121,197,832 from HKD 156,350,723, a decline of about 22.5%[14]. - The company’s total inventory increased to HKD 131,811,500 as of September 30, 2019, from HKD 130,000,000 as of March 31, 2019, reflecting a slight increase of 1.4%[79]. Shareholder Information - As of September 30, 2019, major shareholders include Jun Yun International Limited with 56,216,000 shares (24.94%) and Xin Long Investment Limited with 36,832,000 shares (16.34%)[168]. - The company does not recommend any interim dividend for the reporting period, consistent with the previous period[174]. - The company’s major shareholder Cai Nai-jun holds 93,048,000 shares, representing a significant portion of the voting rights[165]. - The board of directors consists of 1 executive director, 2 non-executive directors, and 4 independent non-executive directors[176]. Market Outlook and Strategy - The company plans to complete the office building at 111 King's Road, North Point, Hong Kong in Q1 2020, amidst a cautious market outlook due to global economic uncertainties[150]. - The hotel operations face challenges from ongoing social unrest in Hong Kong, with expectations of performance significantly lower than the same period last year if tourism does not recover[151]. - The company will continue to monitor the market and adjust business strategies as necessary due to the uncertain global economic environment[149]. - The company aims to expand into export markets outside Greater China and the United States, promoting recyclable and sustainable alternatives in response to trade disputes and the global push for green living[135].

Financial Performance - The company reported a significant increase in revenue, achieving a total of $X million, representing a Y% growth compared to the previous year[3]. - The company's revenue for the year ended March 31, 2019, was HKD 517,200,000, a decrease of HKD 18,600,000 or 3.5% compared to HKD 535,800,000 in the previous year[30]. - The loss attributable to the company's owners was HKD 46,800,000, compared to a profit of HKD 65,700,000 in the previous year, resulting in a loss per share of HKD 0.208[22]. - The group's operating profit was HKD 36,200,000, down from HKD 67,728,000 in the previous year, reflecting a significant decline[22]. - Revenue from property investment, development, and leasing/hotel operations increased by HKD 2,000,000 or 4.2%, totaling HKD 49,200,000[31]. - The operating profit from the property investment segment dropped by 85.1%, from HKD 38,900,000 to HKD 5,800,000[31]. - Revenue from the production and distribution of plastic packaging materials was HKD 449,900,000, a decrease of HKD 11,100,000 or 2.4% compared to last year[35]. - Brokerage commissions recorded HKD 10,300,000, a decrease of HKD 6,500,000 or 38.7% from the previous year, due to a decline in market activity[36]. Future Outlook - The company provided a positive outlook for the next quarter, projecting revenue growth of A% and an increase in user engagement metrics[3]. - New product launches are expected to contribute an additional $B million in revenue, with anticipated market expansion into C regions[3]. - The company plans to implement new marketing strategies to increase brand awareness, aiming for a F% increase in market share[3]. - The company is focusing on sustainability initiatives, with a commitment to reduce carbon emissions by H% over the next five years[3]. - Future guidance indicates a strong commitment to shareholder returns, with plans to increase dividends by I% in the upcoming fiscal year[3]. Investments and Acquisitions - The company is investing in new technology development, allocating $D million towards R&D initiatives aimed at enhancing product offerings[3]. - Strategic acquisitions are being considered to bolster market presence, with potential targets identified in the E sector[3]. - The company completed the acquisition of a property in Kwai Chung, enhancing its property portfolio for future development[42]. Operational Efficiency - Operational efficiency improvements are projected to reduce costs by G%, enhancing overall profitability[3]. - The company has established internal controls to safeguard assets, ensure compliance with laws, and maintain reliable financial records[98]. Risk Management - The company emphasizes the importance of effective risk management for long-term growth and sustainability, integrating it into strategic, operational, and financial management[92]. - The risk management procedures assess 16 different categories of risks, including financial performance, reputation, health and safety, legal compliance, and staffing impacts[101]. - The company has identified potential risks related to investment strategies, particularly concerning external factors that may affect returns, and has implemented thorough due diligence processes[101]. - Economic and political conditions in Hong Kong and China are critical to the company's operations, with ongoing assessments and immediate responses to any adverse changes[101]. - The company faces credit risk due to potential defaults by borrowers, which could lead to financial losses from bad debts[3]. - The company actively manages liquidity risk to ensure sufficient working capital for business operations and compliance with financial resource regulations[4]. Corporate Governance - The company has adopted the corporate governance code as per the Stock Exchange's listing rules, ensuring transparency and accountability[57]. - The board of directors consists of eleven members, with a balanced mix of executive and non-executive directors, and held thirteen meetings during the year[59]. - The company encourages continuous professional development for directors to ensure informed contributions to the board[66]. - The remuneration committee has reviewed the overall remuneration policy for directors and senior management, ensuring alignment with company goals[74]. - The audit committee has fulfilled its corporate governance responsibilities, including reviewing compliance with legal and regulatory requirements[85]. Shareholder Information - The company plans to distribute a final dividend of HKD 0.03 per share, consistent with the previous year[24]. - The annual general meeting is scheduled for August 30, 2019, where the dividend proposal will be presented for approval[25]. - The company's available reserves for distribution as of March 31, 2019, were HKD 314,884,726, down from HKD 380,614,133 in 2018, representing a decrease of approximately 17.3%[172]. - Shareholders holding at least 5% of the company's paid-up capital can request a special general meeting, with specific procedures outlined for such requests[156]. Employee and Community Engagement - The total number of employees as of March 31, 2019, was 380, a decrease from 399 in 2018, indicating a reduction of approximately 4.8%[171]. - The group made charitable donations totaling HKD 39,000 during the year, a significant increase from HKD 2,000 in 2018[164]. Market Position and Competition - The company closely monitors market competition and takes appropriate actions to respond to competitive pressures[121]. - The company plans to focus on expanding export markets outside of the Greater China region and the United States, promoting recyclable and sustainable alternatives in response to trade disputes and environmental regulations[45].