Financial Performance - The unaudited revenue for the year ended April 30, 2024, is HKD 204,545,000, representing an increase from HKD 201,608,000 for the previous year, which is a growth of approximately 0.46%[3] - The profit before tax for the year is HKD 21,126,000, a slight decrease from HKD 22,768,000 in the previous year, reflecting a decline of about 7.2%[3] - The net profit attributable to the owners of the company for the year is HKD 21,123,000, compared to HKD 13,508,000 in the previous year, indicating a significant increase of approximately 56.3%[3] - Basic and diluted earnings per share for the year are HKD 8.21, up from HKD 5.83 in the previous year, representing an increase of approximately 40.7%[3] - Total revenue for the year ended April 30, 2024, was HKD 204,545,000, representing an increase from HKD 201,608,000 for the year ended April 30, 2023, which is a growth of approximately 1.4%[8] - The company's profit before tax for the year was HKD 21,126,000, compared to HKD 22,768,000 in the previous year, indicating a decrease of about 7.2%[8] - The net profit attributable to the company's owners for 2024 was HKD 21,123,000, compared to HKD 13,508,000 in 2023, reflecting a significant increase of approximately 56.4%[23] - EBITDA rose by 13.7% to HKD 35.0 million, up from HKD 30.8 million in the previous year[30] Assets and Liabilities - Total assets as of April 30, 2024, amount to HKD 620,828,000, compared to HKD 609,358,000 in the previous year, showing a growth of about 1.4%[4] - The total liabilities as of April 30, 2024, were HKD 74,315,000, compared to HKD 80,654,000 in the previous year, showing a decrease of about 7.9%[11] - Total equity attributable to the owners of the company increased to HKD 496,090,000 from HKD 471,405,000, representing a growth of approximately 5.2%[4] - The total accounts receivable as of April 30, 2024, was HKD 125,992,000, compared to HKD 113,180,000 in 2023, an increase of about 11.4%[24] - The group maintained cash and bank balances of approximately HKD 55,100,000 as of April 30, 2024, down from HKD 100,000,000 in 2023[48] - The current ratio as of April 30, 2024, was 4.0, compared to 3.7 in 2023[48] - Total equity increased to HKD 546,500,000 as of April 30, 2024, from HKD 528,700,000 in 2023[48] - The debt ratio was 0.10 as of April 30, 2024, compared to 0.09 in 2023[49] Revenue Segmentation - The technology segment generated revenue of HKD 197,368,000, while the property and financial segments contributed HKD 5,499,000 and HKD 1,678,000, respectively[8] - Revenue from Hong Kong for the year ended April 30, 2024, was HKD 166,951,000, slightly increasing from HKD 166,614,000 in the previous year[13] - The group's revenue increased by 1.5% to HKD 204.5 million, with the technology sector revenue growing by 0.3% to HKD 197.4 million[33] Operational Highlights - The company plans to release the audited annual results for the year ended April 30, 2024, in mid-August 2024 due to ongoing audit processes[2] - The company has adopted new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial position and performance for the year[6] - The company expects that the adoption of new or revised Hong Kong Financial Reporting Standards will not have a significant impact on its performance in the future[7] - The company anticipates continued growth in the technology sector, which remains the largest revenue contributor[8] - Future financial guidance remains optimistic, with expectations for stable growth across all segments[8] Investments and Acquisitions - The company acquired approximately 51% stake in Greenie by issuing 20,500,000 shares at an issue price of HKD 0.378 per share[27] - The group issued 23,252,466 shares at HKD 0.242 per share to acquire approximately 4.5% equity in Claman, increasing the total issued shares to 270,827,289 by the end of 2024[26] - The company completed the acquisition of 51% of Greenie EdTech Corporation for HKD 20,400,000, with approximately HKD 12,600,000 paid in cash[46] - The company further acquired approximately 4.5% of Claman Global Limited for HKD 5,600,000, increasing its stake from 50.3% to 54.8%[47] - The company anticipates potential acquisitions, including the equity stake in Rosarini International Limited's fashion technology business, to enhance its capabilities[41] Strategic Focus - The company is expanding its operations in the UK and EU, enhancing its global reach and influence[29] - The focus on digital transformation, AI, and industry-specific solutions has contributed to revenue growth across the group[29] - The company emphasizes the importance of strategic partnerships and flexible organizational structures to adapt quickly to industry changes[30] - The TeamTech business is developing and managing enterprise-level SaaS mobile resource platforms to enhance business productivity in a post-pandemic environment[30] - The company is committed to investing in talent development, research, and innovation to meet the growing demand for new technologies[30] - The company plans to enhance its business technology application portfolio, focusing on scalable cloud platforms, AI integration, and cybersecurity[34] - The establishment of a regional headquarters in the UK/EU aims to diversify the customer base and capture new opportunities in international markets[35] - The company is committed to ongoing innovation and R&D, particularly in AI, IoT, and other emerging technologies[36] - Strategic partnerships and alliances will be key to the company's growth strategy, enabling access to new technologies and market insights[37] - The company aims to develop environmentally friendly technologies and implement sustainable business practices to reduce environmental impact[38] - Improving customer experience will be a cornerstone of the company's strategy, focusing on personalized solutions and high satisfaction levels[39] Governance and Compliance - The company has not purchased insurance for legal actions against directors, believing the legal risk to be low as of April 30, 2024[58] - The chairman and CEO roles are held by the same individual, which the board believes provides strong leadership and effective strategy implementation[58] - Independent non-executive directors do not have specific terms, which deviates from the governance code, but the board considers this deviation acceptable[58] - The audit committee, composed of three independent non-executive directors, has reviewed the company's financial reporting procedures and internal control systems[60] - The unaudited annual results for the year ending April 30, 2024, have been published but are subject to adjustments upon final audit[60] - Trading of the company's shares will be suspended from 9:00 AM on August 1, 2024, pending the release of the audited annual results[61]

Financial Performance - Revenue for the first half of 2023 reached HK$103.4 million, an increase of 3.5% compared to HK$99.8 million in 1H2022[9] - Profit before taxation was HK$15.5 million, reflecting a 4% increase from HK$14.9 million in 1H2022[9] - Profit for the same period rose by 0.5% to HK$16.0 million, up from HK$15.9 million in 1H2022[30] - The Group's revenue increased by 3.5% to HK$103.4 million in the first half of 2023, compared to HK$99.9 million in the same period of 2022[30] - The Group's profit for the period was HK$15,969,000, compared to HK$15,893,000 in the same period last year, marking a slight increase of about 0.5%[80] - Total comprehensive income for the period was HK$16,226,000, compared to HK$15,473,000, indicating an increase of 4.9%[56] - The profit for the period ending October 31, 2023, was HK$12,517,000, compared to HK$13,115,000 for the same period last year, showing a decrease of approximately 4.6%[64] Revenue Breakdown - Technology-related revenue amounted to HK$100.6 million, up 1.7% from HK$98.9 million in 1H2022[9] - The Technology segment generated revenue of HK$100,649,000, up from HK$98,858,000 in the previous year, reflecting a growth of about 1.8%[80] - The Property segment reported revenue of HK$2,530,000, an increase from HK$2,233,000, showing a growth of approximately 13.3%[80] - The Financial segment experienced a revenue decline, reporting a loss of HK$179,000 compared to a loss of HK$1,250,000 in the prior year, indicating an improvement in performance[80] Assets and Liabilities - Total assets increased to HK$620.1 million, up 1.8% from HK$609.4 million in FY2023[10] - Net assets rose to HK$544.9 million, a 3.1% increase from HK$528.7 million in FY2023[10] - As of October 31, 2023, total assets less current liabilities amounted to HK$554,766,000, an increase from HK$539,046,000 as of April 30, 2023, reflecting a growth of approximately 2.7%[59] - The net current assets increased to HK$210,883,000 from HK$192,041,000, representing a rise of about 9.8%[59] - Total equity as of October 31, 2023, was HK$544,930,000, up from HK$528,704,000, indicating an increase of approximately 3.1%[60] - The total liabilities decreased from HK$70,312,000 to HK$65,370,000, reflecting a reduction of approximately 7.4%[59] Operational Focus and Strategy - The company is focused on expanding its digital ecosystem by integrating advanced AI technology and FinTech services[13] - The company aims to accelerate the integration of its SaaS services with virtual reality (VR) and augmented reality (AR) technologies[20] - The company is focusing on integrating SaaS services, VR, and AR to enhance event management and user experience[22] - Strategic partnerships are being established to expand virtual and hybrid conferences, exhibitions, and mobile marketing solutions[26] - The commitment to leveraging data-driven and AI management for major international events is emphasized[23] - The company is dedicated to enhancing industry-specific functions and products, particularly targeting SMEs[23] - The Group's technology sector emphasizes fostering deep connections with existing customers to deliver tailored solutions[33] Market Expansion and Growth - The company aims to expand its market reach in the UK and EU, recognizing them as significant potential growth markets[23] - Vongroup has established operations in the UK to facilitate international expansion and provide consultancy services for technology-focused commercial models[45] - The company anticipates continued growth in Hong Kong and Asia, leveraging 15 years of applied technology and commercial operation experience[49] Cost Management - Staff costs for the six months were HK$9,589,000, down from HK$10,588,000, a reduction of 9.4%[55] - Administrative and operating expenses increased to HK$71,719,000 from HK$66,609,000, reflecting an increase of 7.5%[55] - The Group's unallocated corporate expenses increased to HK$7,848,000 from HK$7,340,000, representing a rise of about 6.9%[80] Corporate Governance and Structure - The Company confirms that all Directors complied with the Model Code for securities transactions during the six months ended October 31, 2023[172] - The current structure of having the same individual as Chairman and CEO is considered suitable for providing strong leadership and efficient strategy implementation[183] - The Board has resolved not to declare any interim dividend for the six months ended 31 October 2023, consistent with the previous year[173] Investments and Acquisitions - The Company completed the acquisition of approximately 4.5% equity interest in Claman Global Limited for HK$5,627,097, increasing its total ownership to approximately 54.8%[189] - The Group plans to pursue new acquisitions to enhance its business capabilities, including potential investments in Rosarini International Limited's FashionTech business[126] Challenges and Risks - Ongoing geopolitical tensions and economic fluctuations are influencing global growth and prompting companies to revamp supply chains[43] - Capital investments in technology are becoming essential for business clients to thrive in a robust digital ecosystem[43]

Financial Performance - Revenue for FY2023 was HK$201.6 million, up 4.3% from HK$193.2 million in FY2022[8] - Profit before taxation decreased to HK$22.8 million, down 11.5% from HK$25.7 million in FY2022[8] - The Group achieved revenue of HK$201.6 million, representing a growth of 4.3% compared to the previous year[25] - Profit before taxation was HK$22.8 million, a decrease of 11.3%, while profit before taxation excluding non-cash changes in fair value of investment properties was HK$27.8 million, an increase of 43.3%[26][31] - The technology-related business segment achieved a revenue increase of 5.0% to HK$196.7 million (2022: HK$187.3 million) and profit for the year was HK$39.9 million (2022: HK$26.2 million) [96] Assets and Liabilities - Total assets rose to HK$609.4 million, reflecting a 3.0% increase from HK$591.6 million in FY2022[9] - Net assets increased to HK$528.7 million, up 9.4% from HK$483.4 million in FY2022[9] - The gearing ratio improved to 0.09, down 40.0% from 0.15 in FY2022[9] - As of April 30, 2023, the company maintained cash and bank balances of approximately HK$100.0 million, an increase from HK$84.0 million in 2022, resulting in a current ratio of 3.7 compared to 2.9 in the previous year[124][133] - The total equity of the company as of April 30, 2023, was HK$528.7 million, up from HK$483.4 million in 2022[124][133] Strategic Initiatives - The company plans to enhance its digital ecosystem by integrating AI technology, data-driven intelligence, and fintech services[12] - Strategic alliances will be developed for Claman Global Limited, focusing on event management and fintech solutions[15] - The Group aims to strengthen data-driven and AI management for major international events and ticketed services[16] - The Group is focused on expanding its distribution networks and developing industry-specific functions to target SMEs[21] - The Group plans to continue growing its team and partnerships with key technology providers to accelerate technology adoption for clients[45] Market Trends and Opportunities - The overall market demand for the Group's core technology-for-business services is expected to support sustained long-term growth[33] - The economic environment, including geopolitical factors and rising inflation, is expected to drive continued investments in new technologies within the software and IT services sector[35] - The Group anticipates long-term sustained growth supported by strong demand for its core business technology services and solutions[36] - Despite challenges from global economic factors, software and IT services spending is expected to increase, benefiting the Group's business prospects[49] - The ongoing digital transformation necessitates substantial investment in new technologies, presenting significant growth opportunities for the software and IT services sector[36] Technology and Innovation - The Group's technology-related business focuses on software and IT services, emphasizing technology-for-business applications and digital transformation solutions[27] - The Group aims to leverage artificial intelligence (AI) to enhance enterprise and customer experiences as part of its digital transformation initiatives[28] - Significant investments in newer technologies such as AI, cloud platforms, and mobile ERP have been made, enhancing the breadth and depth of the Group's technology-for-business ecosystem[38] - The transition from predictive AI to generative AI is expected to significantly impact the software and IT services industry, driving further investment in technology innovation[48] - The Group's technology solutions include AI-integrated workflow systems and IoT-based intelligent controls, aimed at improving operational efficiency[85][88] International Expansion - The Group has established a business presence in the UK to capitalize on growth opportunities in the UK and EU markets[21] - The Group's international footprint has expanded with the establishment of a UK/EU regional headquarters to direct operations in that region[58] - The Group aims to expand its global business, establishing an office in the UK and targeting further international expansion, particularly in Asia, the UK, and the EU [102] - The Group has expanded its client base internationally, establishing a UK/EU regional headquarters and securing clients across various industries including investment banking, financial services, and education[80] Human Resources and Talent Development - The company employed 45 staff as of April 30, 2023, down from 55 in 2022, with total staff costs of approximately HK$9.1 million compared to HK$11.8 million in the previous year[141][145] - The Group continues to invest in talent development, research, and innovation to meet evolving client demands[67] - The Group is committed to growing its talent base and partnerships with key technology providers to accelerate technology adoption for clients[92] Environmental and Regulatory Compliance - The Group is committed to minimizing the negative impact of its business activities on the environment[167] - The Group complied with all relevant laws and regulations during the year, including the Employment Ordinance and Mandatory Provident Fund Schemes Ordinance[165] - There were no material disputes between the Group and its employees or customers during the year[166] Risks and Challenges - Various risks, including business, operational, and financial risks, may impact the Group's financial performance and future prospects[168] - Security breaches and attacks against the Group's systems could adversely affect its financial condition and results of operations[168] - Financial risks are detailed in note 34 to the consolidated financial statements[169]

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或任何部份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。 VONGROUP LIMITED 黃 河 實 業 有 限 公 司* （於開曼群島註冊成立之有限公司） （股份代號：318） 截至二零二三年四月三十日止年度之全年業績公佈 財務摘要 （有關更完整的詳細信息和解釋，請參閱下文之綜合財務報表） 收入 科技相關收入 除稅前溢利 201,600,000港元 196,700,000港元 22,800,000港元 2022財政年度：193,200,000港元 2022財政年度：187,300,000港元 2022財政年度：25,700,000港元 （上升4.3%) （上升5.0%) （下跌11.3%) 總資產 資產淨值 負債比率 609,400,000港元 528,700,000港元 0.09 2022財政年度：591,600,000港元 2022財政年度：483,400,000港元 2022財政年度：0.15 （上升3.0%) （上升9.4%) （下跌40%) 我們集團的 ...

Financial Performance - The Group's revenue increased by 8.7% to HK$99.8 million for the half-year period ending October 31, 2022, compared to HK$91.9 million in the same period of 2021[19]. - Profit for the same period increased by 0.5% to HK$15.9 million, up from HK$15.8 million in the previous year[19]. - Revenue increased by 8.7% to HK$99.8 million for the six months ended 31 October 2022[21]. - Profit for the period increased by 0.5% to HK$15.9 million[21]. - EBITDA for the period increased by 11.2% to HK$19.1 million[21]. - Turnover for the six months ended 31 October 2022 was HK$99,841,000, representing an increase of 8.6% compared to HK$91,857,000 in 2021[58]. - Total comprehensive income for the period was HK$15,473,000, compared to HK$15,330,000 in 2021, marking an increase of 0.9%[59]. - The Group's profit for the period was HK$15,893,000, compared to HK$15,810,000 for the same period in 2021, reflecting a slight increase of 0.5%[84]. - The Group's segment results showed a profit of HK$22,081,000, down from HK$30,663,000 in the same period last year, representing a decrease of 28.2%[83]. - The financial services business recorded negative revenue of HK$1.3 million, compared to revenue of HK$2.5 million in 2021, resulting in a loss of approximately HK$2.4 million[172]. Technology and Innovation - Vongroup Limited continues to expand its technology-for-business services and solutions in response to strong market demand, particularly in Asia and Europe[9]. - The Group's technology solutions division offers end-to-end digital transformation services and industry-specific business solutions[8]. - The Group is investing in R&D for post-COVID enterprise management solutions[28]. - The Group aims to enhance its digital services and solutions, continuing investments in internal R&D and pursuing acquisitions to become a "digital ecosystem partner for the post-COVID world"[41]. - The Group has integrated various technology solutions for event management and financial management[35]. - The Group's technology-for-business services and solutions recorded continued growth amidst global changes[24]. - The Group is focusing on integrating technology tools to enhance enterprise customer experience[29]. - The Group has achieved significant milestones in business expansion, including the integration of cloud management solutions for large-scale events[140]. - The Group aims to address the increasing demand for higher security, privacy, and compliance needs in digital and remote interactions[135][138]. - The Group plans to invest in internal R&D and pursue acquisitions to enhance its digital services and solutions, positioning itself as a "digital ecosystem partner for the post-COVID world"[148]. Acquisitions and Partnerships - The company holds a majority stake in Claman Global Limited, a leading SaaS platform operator specializing in event management and fintech solutions[12]. - The company aims to acquire technology and form partnerships with innovative providers to enhance its service offerings[9]. - Recent acquisitions include equity interests in Greenie EdTech Corporation's EdTech and Digital Training technology business and Rosarini International Limited's FashionTech business[55]. - The company issued 34,885,000 new shares at an issue price of HK$0.45 per share to acquire approximately 17.8% equity interest in Claman Global Limited, totaling HK$15.7 million[114][115]. - The net assets acquired from Claman and TeamTech amounted to HK$52.545 million, with goodwill on acquisitions recorded at HK$30.959 million[117]. - The acquisition of TeamTech Digital Corporation was completed for a consideration of up to HK$16.5 million, contributing HK$4.3 million to revenue and HK$0.2 million to profit[120]. - The Group is looking to complete acquisitions that will enhance its accumulated business, management, and sales skills related to technologies-for-business[49]. Property and Rental Income - The property division owns investments in Hong Kong, mainland China, and overseas markets[14]. - The Group's property business has generated stable rental income[36]. - Gross rental income from investment properties rose to HK$2,233,000, a 14.9% increase from HK$1,943,000 in 2021[93]. - The property segment generates steady income and stable capital value appreciation, with a focus on acquiring undervalued properties in prime locations[166]. - The Group's strategy includes optimizing value creation through a dual approach of value gain and rental income from its property operations[168]. Financial Position and Cash Flow - Non-current assets decreased to HK$314,643,000 from HK$320,616,000, a decline of 1.9%[62]. - Current assets decreased to HK$260,249,000 from HK$270,986,000, a decline of 3.9%[62]. - Net current assets increased to HK$197,344,000 from HK$176,843,000, an increase of 11.6%[62]. - Total equity rose to HK$498,885,000 from HK$483,412,000, reflecting an increase of 3.2%[63]. - Interest-bearing borrowings decreased significantly from HK$70,952,000 to HK$45,395,000, a reduction of 36.1%[62]. - The company reported a finance cost increase to HK$500,000 from HK$159,000, representing a rise of 214.4%[58]. - For the six months ended 31 October 2022, the net cash inflow from operating activities was HK$21,680,000, a significant increase from HK$2,726,000 in the same period of 2021, representing a growth of approximately 694%[70]. - Cash and cash equivalents at the end of the period were HK$80,413,000, up from HK$62,019,000 in the previous year, reflecting an increase of approximately 29.5%[70]. - The current ratio improved to 4.1 as of 31 October 2022, compared to 2.9 as of 30 April 2022[179]. - The gearing ratio decreased to 0.09 as of 31 October 2022, down from 0.15 as of 30 April 2022[180]. Market Outlook and Strategy - Vongroup's strategy includes expanding its presence in the post-COVID market to meet evolving technology demands[9]. - The Group is positioning itself to diversify further into international markets to create long-term value for shareholders amidst global recession and higher interest rates[44]. - The Group anticipates increased cyber risks due to greater technology adoption, leading to a growing need for higher-security digital services to address security and compliance issues[45]. - The Group is optimistic about its growth prospects in Hong Kong and internationally, particularly in Asia, based on 15 years of applied technology and commercial operation experience[156]. - Future outlook includes plans for international collaborations and innovative developments in cost-effective technology products and services[143][146].

Financial Performance - The group's revenue increased by 93% to HKD 91,900,000 compared to the same period last year[5] - Operating profit rose by 24% to HKD 15,800,000 during the review period[5] - Profit for the period increased by 26% to HKD 15,800,000[5] - Revenue from the technology segment also saw a 93% increase to HKD 87,400,000[5] Strategic Developments - Acquisition of TeamTech Digital Corporation enhances the group's capabilities in team collaboration systems and e-commerce[5]

Business Transformation and Strategy - Vongroup has transformed its main business into a "technology service and solutions provider" focusing on fintech, ecommerce, online payment, cloud technology, and enterprise solutions[11]. - The company has diversified its client base across Hong Kong, Mainland China, South Korea, Japan, Macau, and Southeast Asia, indicating significant demand for its services[12]. - Vongroup aims to enhance its service offerings continuously, focusing on upgrading existing technologies to improve revenue and profit generation capabilities[14]. - The company is committed to expanding its business presence both in Hong Kong and regionally outside Hong Kong[14]. - Vongroup's services enable enterprise clients to conduct business more efficiently in a remote and virtual environment, reflecting the ongoing changes in market behavior[16]. - The firm emphasizes the importance of digital transformation as a critical component of the "new normal" in the post-pandemic era[15]. - Vongroup's technology solutions are designed to support clients in adapting to new business demands arising from the COVID-19 pandemic[13]. - The company aims to enhance its digital ecosystem of technology services and solutions to address the "new normal" in consumer behavior post-pandemic[32]. - The focus will be on blended business-and-technology services to meet evolving client needs and differentiate from competitors[25]. - The company anticipates entering new client industries and developing new technologies to enhance project execution capabilities[22]. Financial Performance - Technology revenue increased from HK$30.7 million to HK$107.2 million, a 249% increase compared to last year[18]. - Technology profit rose from HK$23.9 million to HK$36.6 million, reflecting a 53% increase year-over-year[19]. - Profit before tax for the year was HK$21.8 million, representing a 120% growth compared to the previous year[20]. - Total comprehensive income for the year reached HK$22.3 million, marking a 159% increase from last year[20]. - The Group recorded revenue of approximately HK$110.7 million for the year, representing a 226% increase from approximately HK$34 million in 2020[49]. - Profit for the year was approximately HK$20.2 million, a 98% increase from approximately HK$10.2 million in 2020, marking the fourth consecutive year of profitability since the turnaround in 2018[49]. Acquisitions and Partnerships - A controlling interest in Claman Global Limited was acquired, which operates the FringeBacker fintech management platform, processing transactions for over 200,000 online customers[33]. - The company plans to expand its offerings through strategic partnerships and acquisitions to boost digital transformation capabilities[32]. - The acquisition of Claman Global Limited enhances the Group's fintech capabilities, having processed over 200,000 online transactions[39]. - The Company is actively negotiating potential acquisitions and partnerships with established technology service providers, including Claman Global Limited, which has processed online FinTech services for over 200,000 customers[65]. - The Group expects to continue reducing the weighting of the financial services segment in favor of growth in the technology sector[69]. Market Trends and Demand - A 2020 McKinsey survey revealed that companies have accelerated the digitization of customer and supply chain interactions by three to four years to adapt to the "new normal"[15]. - The pandemic has accelerated the need for digital transformation, with enterprises expected to continue investing in technology solutions[51]. - The Group's diversified client base includes SMEs and international businesses across various sectors, indicating significant demand for technology-for-business services[46]. - The Group's technology business has seen accelerated growth due to the changes brought about by the COVID-19 pandemic[48]. Governance and Management - The Company has a diverse board with members holding significant experience in various sectors, enhancing governance and strategic oversight[97]. - The Company continues to leverage the expertise of its directors to navigate market challenges and pursue growth opportunities[105]. - The Company is actively involved in multiple advisory roles within the Hong Kong government and international organizations, indicating a strong commitment to innovation and sustainable development[98]. - The Company will periodically review its corporate governance structure, including the potential separation of the roles of Chairman and CEO[185]. - The Board's primary function includes formulating corporate strategy and evaluating the financial performance of the Group[185]. Financial Position and Liquidity - As of April 30, 2021, the Group maintained cash and bank balances of approximately HK$37.9 million, an increase from approximately HK$19.6 million in 2020[87]. - The current ratio as of April 30, 2021, was 4.7, compared to 4.2 in 2020, indicating improved liquidity[87]. - Total equity amounted to HK$413.9 million as of April 30, 2021, up from HK$391.7 million in 2020[87]. - The gearing ratio was 0.05 as of April 30, 2021, slightly down from 0.06 in 2020, reflecting a stable financial structure[87]. - Bank borrowings as of April 30, 2021, were approximately HK$22.1 million, down from HK$24.3 million in 2020, with interest rates ranging from 0.7% to 1.5% per annum[87]. Human Resources - The Group employed 50 staff as of April 30, 2021, an increase from 30 in 2020, indicating growth in human resources[87]. Risk Management - The Group faces risks from negative and volatile developments in global, regional, and local economies, which may impact revenue and financial condition[70]. - The Board is responsible for the risk management and internal control systems of the Company and its subsidiaries[200]. - The Directors believe the Group has adequate resources to continue operational existence for the foreseeable future[200]. Corporate Governance - The Company has complied with the Corporate Governance Code, with some deviations noted[171]. - The Company did not take out insurance cover for legal actions against directors due to perceived low risk[172]. - Non-executive Directors are subject to retirement by rotation and re-election at least once every three years[175]. - The Audit Committee is tasked with developing and reviewing the Group's corporate governance policies and practices[198]. - The Group's compliance with legal and regulatory requirements is monitored by the Audit Committee[198].

Financial Performance - Turnover increased significantly by 176% to HK$47.5 million, compared to HK$17.2 million for the corresponding period in 2019[9]. - Net profit increased significantly by 363% to HK$12.5 million, compared to HK$2.7 million for the corresponding period in 2019[9]. - Profit margin increased to 26.3%, compared to 10.9% for the corresponding period in 2019[10]. - Earnings per share increased significantly by 364% to HK$0.065, compared to HK$0.014 for the corresponding period in 2019[10]. - Profit from operations for the period was HK$12.7 million, reflecting a 380% growth compared to the same period last year[16]. - Total comprehensive income for the period was HK$13.2 million, showing a 684% increase compared to the same period last year[16]. - The profit for the period was HK$12,505,000, up from HK$2,651,000 in the previous year, representing a growth of approximately 371%[34]. - The Group's profit before income tax for the period was HK$12,504,000, compared to HK$2,604,000 for the same period in 2019, reflecting an increase of approximately 380%[80]. - The Group's profit for the period reached HK$12,505,000, a substantial rise from HK$2,651,000 in the previous year, marking an increase of around 371%[80]. Technology Business Growth - Technology business turnover increased by 196% to HK$45.3 million, compared to HK$15.3 million for the corresponding period in 2019[10]. - The significant increase in revenue and profit reflects the company's successful adaptation to the "new normal" environment[11]. - The company aims to continue leveraging technology services to drive future growth[11]. - Technology revenue increased significantly by 196% compared to the same period last year[16]. - The technology business achieved revenue of approximately HK$45.3 million, a 196% growth from approximately HK$15.3 million in 2019, with profit for the period at approximately HK$25.8 million, up 141% from approximately HK$10.7 million in 2019[129]. - The Group anticipates continued growth in revenue and profit for its technology business in the upcoming year[129]. Digital Transformation and Market Adaptation - The growth was accelerated by the digital transformation needs of enterprises during the COVID-19 pandemic[8]. - The pandemic has accelerated changes in consumer and business behavior, leading to increased investment in digital transformation by enterprises[124]. - The digital transformation trend is expected to continue post-pandemic, with increased investment in digital tools across various sectors[21][22]. - Management believes that the calendar year 2020 marks the real starting point for technological transformations among clients due to the COVID pandemic[27]. Strategic Business Focus - The company has refined its main business as a "technology service and solutions provider" focusing on fintech, ecommerce, payment, cloud technology, and enterprise solutions[7]. - Vongroup positions itself as a "digital ecosystem partner for the new normal" in response to changing market behaviors post-COVID-19[16]. - The company aims to expand its technology services and solutions through internal R&D, acquisitions, and operational partnerships[16]. - The company aims to enhance its business model by expanding the breadth and depth of technology services and solutions offered[128]. - The company is exploring undervalued property opportunities outside Hong Kong, anticipating optimal times for property disposals in the coming 12 months[134]. Client and Market Diversification - Vongroup has established recognition and business relationships across various industries, enhancing its client acquisition for technology services[17]. - The Group serves a diversified client base across various industries, including financial services, wealth management, and e-commerce[124]. - The Group did not have any single customer contributing more than 10% of its revenue for the six months ended October 31, 2020, maintaining a diversified customer base[86]. Financial Position and Cash Flow - The company's net current assets improved to HK$124,215,000 as of 31 October 2020, up from HK$109,390,000 as of 30 April 2020[37]. - The total assets less current liabilities stood at HK$404,821,000, an increase from HK$391,650,000 as of 30 April 2020[37]. - The total cash and cash equivalents at the end of the period rose to HK$32,524,000, up from HK$19,703,000 at the end of the same period last year, marking a substantial increase of 64.9%[56]. - The Group maintained cash and bank balances of approximately HK$32.5 million, an increase from HK$19.6 million as of April 30, 2020[146]. - The Group's current ratio as of October 31, 2020, was 4.23, slightly up from 4.2 as of April 30, 2020[146]. Corporate Governance and Compliance - The company complied with the Code on Corporate Governance Practices during the six months ended October 31, 2020, with some deviations noted[188]. - The audit committee comprised three independent non-executive directors who reviewed the accounting principles and practices adopted by the group[186]. - The company confirmed that all directors complied with the required standards set out in the Model Code during the reporting period[182]. Acquisitions and Partnerships - The company is in discussions for potential acquisitions or partnerships with established technology services, including acquiring a controlling interest in Claman Global Limited, which has a database of about 200,000 transacted customers[131][132]. - Vongroup Investment Holdings Limited conditionally agreed to subscribe for 29% of Claman's issued share capital for HK$29 million, satisfied by issuing 23,349,436 shares at HK$1.242 per share[139]. - VG Investment acquired approximately 17.8% equity interest in Claman for HK$15.7 million, satisfied by issuing 34,885,000 new shares at HK$0.45 per share[140]. - After the completion of the above acquisitions, Vongroup will hold approximately 50.32% equity interest in Claman, which will become a subsidiary[143].

Financial Performance - For the year ended April 30, 2020, the Group recorded revenue of approximately HK$34.0 million, consistent with the previous year, and profit of approximately HK$10.2 million, down from HK$22.2 million in 2019[7] - Excluding non-cash property valuation impacts, the Group achieved a profit of approximately HK$11.0 million, which is about 1.6 times higher than the HK$6.8 million profit recorded for the year ended April 30, 2019[7] - The reduced profit during the current year is primarily attributed to last year's non-cash property valuation gain, reflecting a decrease in the fair value of investment properties[7] - Revenue for the current year remained approximately similar to last year, with higher profit after excluding non-cash property valuation impacts[8] - The Group's profit for the year ended 30 April 2020 is detailed in the consolidated statement of profit or loss and other comprehensive income[74] Business Strategy and Adaptation - The Group's business model has enabled it to adapt and maintain profitability despite significant economic challenges, including social unrest and the COVID-19 pandemic[7] - The Group believes that the negative impacts on revenue growth during the current year are one-off macro-economic occurrences due to the unprecedented circumstances faced[7] - The Group has successfully turned around to increased revenue and profit for three consecutive years, starting from the year ended April 30, 2018[7] - The Group's strategy has proven effective in navigating adverse market conditions, allowing it to benefit during the economic difficulties of the current year[7] - The company plans to pursue more businesses in education technology, virtual event technology, and biotech/life sciences technology in the coming year[8] Market Conditions and Challenges - The significant economic impact on Hong Kong businesses during the current year has been acknowledged, with many experiencing substantial revenue decreases[7] - The overall economic downturn was significantly impacted by large-scale protests in Hong Kong, affecting market and business sentiment[8] - The social unrest led to a curbing of property transactions and values, significantly affecting food & beverage consumption and overall business interactions[8] - The company experienced a one-off negative economic impact due to social unrest and COVID-19, but remains well-positioned for future growth[46] Revenue and Profit Segmentation - The Group's revenue from Technology & Management operations was approximately HK$30.7 million for the year, up from approximately HK$29.7 million in 2019, with a profit of approximately HK$23.9 million compared to HK$21.6 million in the previous year[10] - The Group's financial operations generated revenue of approximately HK$1.1 million, an increase from approximately HK$0.7 million in 2019, resulting in a profit of approximately HK$0.4 million compared to a loss of approximately HK$0.4 million in the previous year[11] - Revenue from Securities operations was approximately HK$2.6 million, recovering from a loss of approximately HK$1.6 million in 2019[12] Investment and Growth Opportunities - The company identified potentially undervalued investment opportunities in the food & beverage sector due to social unrest and COVID-19, seeking to extend its business in this area[8] - The Group anticipates growth in revenue driven by technology business groundwork established during the year ended 30 April 2020, despite the challenges posed by COVID-19 and social unrest[10] - The Group's property operations focus on acquiring undervalued properties, with strategies aimed at both value gain and rental income[10] - The company is exploring opportunities to increase its shareholding in Claman, which is engaged in the financial technology industry[16] Corporate Governance and Management - The Company has adopted the Model Code for Securities Transactions by Directors, confirming compliance by all directors during the year ended April 30, 2020[122] - The Company is committed to enhancing its governance structure through the expertise of its independent directors[72] - The Company has complied with the Code on Corporate Governance Practices as set out in Appendix 14 to the Listing Rules[105] - The Board of Directors comprises five members, including two executive directors and three independent non-executive directors[125] Environmental and Social Responsibility - The Group aims to minimize adverse environmental impacts by adopting world-class environmental protection practices[181] - The Group continuously reviews and updates its ESG policies to balance sustainable corporate development and environmental protection[183] - The Group implements energy-saving measures, including the use of energy-saving light bulbs and LED lighting systems in all offices[191] - The Group's commitment to environmental and social responsibility includes ongoing quality monitoring and supervision of procurement processes[195] Employee and Community Engagement - The total number of employees increased to 30 as of April 30, 2020, up from 19 in 2019, reflecting a growth of approximately 57.9%[194] - The Group encourages lifelong learning and offers training to enhance employee performance, with annual salary reviews based on performance appraisals[194] - The Group maintains a high standard of business integrity, with zero tolerance for corruption or bribery, and encourages reporting of suspected irregularities[195] - The Company did not participate in charity or community events during the reporting period but remains committed to minimizing environmental and social impacts on stakeholders[195]

Financial Performance - Turnover for the six months ended 31 October 2019 was HK$17,227,000, a decrease of 16.5% compared to HK$20,568,000 in the same period of 2018[7] - Profit for the period was HK$2,651,000, down 70% from HK$8,844,000 in the previous year[7] - Total comprehensive income for the period was HK$1,680,000, a decline of 75.7% from HK$6,804,000 in 2018[7] - Earnings per share decreased to HK$0.014 from HK$0.046, representing a drop of 69.6%[7] - Profit before taxation for the period was HK$2,604,000, compared to HK$8,844,000 in the previous period, reflecting a significant decline[45] - The profit for the period attributable to owners of the Company was HK$2,651,000, a decrease of 70% from HK$8,844,000 in 2018[74] - The decrease in profit reflects a reduction in the fair value of investment properties, a non-cash item, recorded during the period[82] - Excluding changes in fair value of investment properties, the Group's profit for the period was approximately HK$5.0 million, which is about 2 times higher than the profit of approximately HK$2.6 million for the six-month period ended October 31, 2018[82] Assets and Liabilities - Non-current assets as of 31 October 2019 totaled HK$282,787,000, slightly down from HK$285,942,000 as of 30 April 2019[9] - Current assets increased to HK$137,944,000 from HK$132,229,000, reflecting a growth of 4.4%[9] - Net current assets improved to HK$102,818,000 compared to HK$98,030,000 in the previous period, an increase of 4.0%[9] - Total equity as of 31 October 2019 was HK$384,756,000, up from HK$383,076,000, indicating a growth of 0.4%[9] - The Group's cash and bank balances as of October 31, 2019, amounted to approximately HK$19.7 million, down from approximately HK$34.4 million as of April 30, 2019[124] - The Group's current ratio remained stable at 3.9 as of October 31, 2019, consistent with the ratio as of April 30, 2019[124] - The total equity of the Group increased to approximately HK$384.8 million as of October 31, 2019, compared to approximately HK$383.1 million as of April 30, 2019[124] - The gearing ratio, representing bank borrowings to total equity, was 0.07 as of October 31, 2019, unchanged from April 30, 2019[124] Cash Flow - For the six months ended October 31, 2019, the net cash inflow from operating activities was a negative HK$13,029,000, compared to a positive inflow of HK$17,055,000 in the same period of 2018[16] - The net cash inflow from investing activities was HK$503,000, slightly down from HK$505,000 in 2018[16] - The net cash outflow from financing activities was HK$1,405,000, compared to HK$1,330,000 in the previous year[16] - The total cash and cash equivalents at the end of the period decreased to HK$19,703,000 from HK$49,704,000 in 2018[16] - The cash and cash equivalents at the beginning of the period were HK$34,434,000, slightly down from HK$34,626,000 in 2018[16] - The effect of foreign exchange rate changes resulted in a decrease of HK$800,000 in cash and cash equivalents[16] Segment Performance - Segment total revenue for the six months ended October 31, 2019, was HK$17,227,000, a decrease of 16.5% from HK$20,568,000 in the same period of 2018[45] - The Technology & Media segment generated revenue of HK$10,298,000, down 21% from HK$13,022,000 year-on-year[45] - The Corporate Treasury segment reported a profit of HK$3,580,000 for the six months ended October 31, 2019, compared to HK$3,490,000 in the same period of 2018[45] - The Group's Securities segment reported a loss of HK$858,000, an improvement from a loss of HK$2,029,000 in the previous year[45] - The Property segment generated revenue of HK$2,479,000, slightly down from HK$2,590,000 year-on-year[45] - The Food & Beverage segment's revenue decreased to HK$2,430,000 from HK$4,350,000, indicating a decline of 44%[45] Corporate Governance - The Company did not declare any interim dividend for the six months ended October 31, 2019, consistent with 2018[72] - The Audit Committee reviewed the unaudited condensed consolidated interim financial statements for the six months ended October 31, 2019[156] - The Company has complied with the Code on Corporate Governance Practices, with some deviations noted[159] - The role of chairman and CEO is held by the same individual, Vong Tat Ieong David, which the Board believes provides strong leadership[160] - Non-executive Directors are not appointed for a specific term but are subject to retirement by rotation every three years[161] - Independent non-executive Directors were unable to attend the 2019 annual general meeting due to other commitments[162] - The Company did not purchase, sell, or redeem any of its listed securities during the period ended October 31, 2019[155] Market Conditions and Strategy - The ongoing social unrest in Hong Kong has significantly impacted market and business sentiment, leading to a general economic downturn and affecting revenue and profit expectations[86] - The social unrest has curtailed property transactions and values, dampened rental values, and driven away consumers, severely affecting the food and beverage sector[87] - The Group has diversified its geographical business locations to mitigate the impact of social unrest[89] - The Group aims to remain vigilant and responsive to further deterioration in the business environment and is formulating new initiatives for growth amid economic downturn[88] - The management views and assesses segments as a whole to generate maximum value, despite reporting separately[90] - The Group's strategy focuses on achieving synergistic value among its business segments to enhance returns and opportunities[82] Future Plans - The company plans to expand its Technology & Media business, particularly in fintech, sports, e-commerce, and education sectors[95] - The company aims to increase its Food & Beverage operations through organic growth or mergers and acquisitions in the coming year[96] - The company intends to increase the weighting of its commercial properties, focusing on opportunities in Kowloon East CBD[101] - The company is seeking to reduce the weighting of its securities operations while increasing the focus on Technology & Media and Food & Beverage operations[103] - The company anticipates that the optimum time for disposing of selected properties may occur in the coming year[101] - The Group plans to cautiously increase its gearing ratio to a prudent level in the coming year, taking advantage of the current low interest rates[116] - The Group aims to expand its product line in the food and beverage sector and explore potential acquisitions or collaborations[115] - The Group is focused on managing its property portfolio, particularly in high-demand areas like Kowloon East CBD, aligning with government policies for Hong Kong CBD 2.0[116]