Financial Performance - Revenue for the first half of 2024 was HK$103.5 million, up 0.1% from HK$103.4 million in 1H2023[10] - Profit for the period attributable to owners of the Company was HK$14.3 million, an increase of 14.4% compared to HK$12.5 million in 1H2023[10] - Total assets increased to HK$633.0 million, up 2.0% from HK$620.8 million in FY2024[11] - Net assets rose to HK$561.6 million, reflecting a 2.8% increase from HK$546.5 million in FY2024[11] - The gearing ratio improved to 0.09, down from 0.10 in FY2024[11] - Turnover for the six months ended 31 October 2024 was HK$103,483,000, a slight increase of 0.12% compared to HK$103,358,000 in the same period of 2023[85] - Profit for the period decreased to HK$14,970,000, down 6.3% from HK$15,969,000 in the previous year[85] - Total comprehensive income for the period attributable to owners of the Company was HK$14,341,000, compared to HK$12,774,000 in the same period last year, representing an increase of 12.3%[86] - Basic and diluted earnings per share increased to HK$0.053 from HK$0.051, reflecting a growth of 3.9%[86] - Total equity as of 31 October 2024 was HK$561,567,000, an increase from HK$546,512,000 as of 30 April 2024, representing a growth of 2.8%[90] - The Group's profit for the period was HK$14,970,000, compared to HK$15,969,000 for the same period in 2023, reflecting a decrease of 6.2%[115] - The Group's profit before income tax was HK$14,463,000, down from HK$15,463,000 in the previous year, indicating a decline of 6.5%[115] - The Group's segment results showed a profit of HK$21,979,000 from the Technology segment, while the Property segment incurred a loss of HK$1,782,000[114] Technology and Innovation - Vongroup is focusing on integrating AI technology and enhancing digital solutions across various sectors, including FinTech and E-Commerce[15] - The company is expanding its digital ecosystem to include remote training solutions and big data analytics[15] - The integration of VR and AR technologies into event management services aims to enhance user engagement and operational efficiency[20] - The company is enhancing its data-driven and AI management capabilities for significant international events, emphasizing the use of advanced technology to improve efficiency in global event management[24] - The company aims to leverage collective expertise through collaborations with strategic partners across various industries[73] - The technology-related service industry is experiencing significant investments in digital transformation and cloud-based platforms, driven by the need for scalable solutions[151] - The rise of AI technologies, especially generative AI, is significantly impacting the industry, with businesses increasingly utilizing AI for various applications[153] - Continued investment in research and development will prioritize innovations in AI, IoT, and other cutting-edge technologies to create intelligent, data-driven solutions[192] Market Expansion and Strategy - The company is committed to expanding its market presence in the UK and EU, recognizing substantial growth potential in these regions and aiming to engage with the increasing adoption of digital technologies[25] - The ongoing expansion of the global footprint is paving the way for new partnerships and innovative solutions that resonate with local audiences[25] - A focused international growth strategy is in place, with significant operations expanding in the UK and plans to strengthen presence in Hong Kong and throughout Asia[74] - The company aims to amplify its presence in international markets, particularly in the UK/EU and Southeast Asia, by establishing new regional headquarters and expanding its client base[187] Client and Customer Focus - The commitment to client success is reaffirmed through long-term partnerships built on trust and reliability, delivering exceptional value to empower clients in challenging times[29] - The company emphasizes a customer-focused approach, prioritizing research and forecasting to anticipate clients' future technology needs[178] - Improving client experience will be central to Vongroup's operational strategy, focusing on personalized solutions and high levels of satisfaction[195] - The company aims to adopt a customer-centric approach to understand customer needs and provide personalized solutions[200] Economic Challenges and Resilience - The Group has demonstrated resilience and adaptability, achieving significant milestones despite challenging global conditions[31] - High inflation rates, fluctuating interest rates, and persistent supply chain disruptions are significant economic challenges affecting the industry[157] - The ongoing global economic uncertainties are expected to be navigated through a diverse portfolio of services and agility in responding to market changes[71] - The company believes it is well-equipped to navigate challenges and seize opportunities in 2025 and beyond, emphasizing sustainable growth and value creation for stakeholders[196] Sustainability and Corporate Responsibility - Vongroup is committed to sustainability and corporate responsibility, aiming to develop eco-friendly technologies and implement sustainable business practices[194] - The company is committed to sustainable innovations and investments, continuously allocating resources to enhance products and platforms[73]

Financial Performance - The financial services division achieved revenue of HKD 1.0 million in the first half of 2023, compared to HKD 0.2 million in the same period of 2022, resulting in a profit of approximately HKD 0.4 million, up from a loss of HKD 0.1 million[3]. - The group reported a revenue of HKD 103,483,000 for the six months ended October 31, 2024, compared to HKD 103,358,000 for the same period in 2023, reflecting a slight increase of 0.12%[33]. - Operating profit for the period was HKD 15,978,000, down from HKD 16,653,000 in the previous year, representing a decrease of 4.05%[33]. - Profit before tax decreased to HKD 14,463,000 from HKD 15,463,000, a decline of 6.46% year-over-year[33]. - The net profit for the period was HKD 14,970,000, compared to HKD 15,969,000 in the prior year, indicating a decrease of 6.27%[33]. - The total comprehensive income for the period was HKD 15,055,000, down from HKD 16,226,000, a decrease of 7.21%[33]. - The group’s financial costs increased to HKD 1,515,000 from HKD 1,190,000, reflecting a rise of 27.34%[33]. - The company reported stable growth and profitability despite market challenges, emphasizing its strategic focus on technology-related investments[101]. Assets and Equity - The group reported total assets of HKD 348.941 million as of October 31, 2024, down from HKD 355.090 million on April 30, 2024[16]. - The group’s net current assets increased to HKD 219.954 million as of October 31, 2024, compared to HKD 199.257 million on April 30, 2024[16]. - The group reported a total equity of HKD 561.567 million as of October 31, 2024, compared to HKD 546.512 million on April 30, 2024[16]. - The group maintained a cash and bank balance of approximately HKD 54.8 million as of October 31, 2024, compared to HKD 53.1 million as of April 30, 2024, with a current ratio of 4.4[183]. - The total equity of the group increased to HKD 561.6 million as of October 31, 2024, from HKD 546.5 million as of April 30, 2024[183]. Strategic Focus and Growth - The company plans to focus on technology-driven business applications, emphasizing scalable cloud platforms, AI integration, and robust cybersecurity measures[1]. - The group aims to reduce the weight of its financial services division to align resources with anticipated growth in the technology sector[3]. - The company is establishing strategic partnerships to enhance its growth strategy and develop solutions tailored to specific industry needs[7]. - The company is committed to sustainable growth and creating value for all stakeholders, preparing for challenges and opportunities beyond 2025[2]. - The company is strategically positioned for growth and expansion beyond 2025, guided by a series of initiatives and emerging market trends, including broader geographic expansion[133]. Technology and Innovation - The company emphasized the integration of AI and machine learning to enhance decision-making and customer experience, aligning with global trends[85]. - The introduction of mobile ERMTech and EdTech systems aims to transform business operations and talent management for clients[86]. - The company remains committed to digital product innovation and expansion, focusing on driving industry-wide digital transformation[88]. - Significant investments are being made in digital transformation and cloud-based platforms to enhance business agility and resilience, with cloud computing being a foundational element[93][107]. - The technology services industry is experiencing significant transformation trends, particularly in digital transformation, cloud computing, AI, and cybersecurity[120]. Customer and Market Engagement - The company emphasized its commitment to building strong customer relationships and expanding its customer base in the technology sector[57]. - The company is dedicated to empowering clients with the tools and strategies needed for sustainable growth, tailoring solutions to meet specific needs[108]. - The rise of digital evolution is reshaping traditional work paradigms, enabling clients to access a global talent pool and redefine their talent strategies[109]. - TeamTech's SaaS platforms enable clients to effectively manage their businesses in a remote work environment, enhancing productivity and operational efficiency[111]. - The Greenie EdTech team focuses on providing remote learning solutions and training programs to address skill gaps in the evolving digital market[112]. Governance and Leadership - The chairman and CEO roles are held by different individuals since September 2005, with the current structure deemed more suitable for effective strategy formulation and implementation[189]. - The board believes that the current leadership structure provides strong and consistent leadership for the company[189]. - The company is focused on developing and implementing growth strategies effectively[189]. - The governance structure aligns with regulatory requirements as per rule C.2.1[189]. - The company continues to evaluate its governance framework to ensure alignment with best practices[189].

Financial Performance - Total revenue for Vongroup Limited reached HK$204.5 million, an increase of 1.4% from HK$201.6 million in FY2023[3]. - Technology-related revenue amounted to HK$197.4 million, up 0.4% from HK$196.7 million in FY2023[3]. - Profit before taxation was HK$21.1 million, a decrease of 7.5% from the previous year; excluding non-cash changes in fair value of investment properties, profit before taxation was HK$26.8 million, reflecting a more modest decrease of 3.6%[25]. - EBITDA increased by 13.6% to HK$35.0 million in 2024, up from HK$30.8 million in 2023[63]. - The Group's financial results indicate steady growth and profitability, showcasing competitive strength in the technology market[22]. - The Group's revenue for the year increased by 1.4% to HK$204.5 million, with technology sector revenue rising by 0.4% to HK$197.4 million[70]. Assets and Equity - Total assets increased to HK$620.8 million, reflecting a growth of 1.9% from HK$609.4 million in FY2023[3]. - Net assets rose to HK$546.5 million, a 3.4% increase from HK$528.7 million in FY2023[3]. - The Group maintained cash and bank balances of approximately HK$53.1 million as of April 30, 2024, down from HK$100.0 million in 2023[72]. - Total equity of the Group increased to HK$546.5 million as of April 30, 2024, from HK$528.7 million in 2023[72]. Strategic Focus and Innovation - The company is focused on expanding its digital ecosystem by integrating advanced AI technology and data-driven intelligence[6]. - Vongroup Limited is committed to continuous investment in technology and business process outsourcing services to enhance service delivery[6]. - The integration of advanced technologies, including AI and data-driven management, is a key focus for enhancing service delivery and client relationships[12]. - The Group is dedicated to further strengthening its data-driven and AI management capabilities for major international events[12]. - The company aims to innovate and expand its digital offerings to stay ahead of emerging trends and contribute to the digital transformation of entire industries[38]. Market and Industry Trends - The technology service industry is characterized by a significant focus on digital transformation, cloud computing, AI, and cybersecurity[55]. - Companies are increasingly prioritizing sustainability and efficiency in their operations due to geopolitical disruptions and supply chain reassessments[39]. - There is a growing demand for digital productivity tools, cybersecurity measures, data analytics, AI, cloud infrastructure, and sustainable technology solutions[41][42]. - According to Deloitte and McKinsey reports, companies continue to invest heavily in digital transformation and cloud computing, which are crucial for leveraging advanced technologies[31]. Operational Developments - The Group is expanding its strategic base in the UK and EU, capitalizing on the rising adoption of digital technology in these regions[15]. - The Group's operations are expanding globally, particularly in the UK and EU markets[62]. - The company has established a UK/EU regional headquarters and diversified its client base across Hong Kong, mainland China, Japan, Southeast Asia, UK, and Europe[69]. - The Group's dual strategy for property management focuses on value gain and rental income[71]. Employee and Governance - The Group's employee distribution by geographical region shows a decrease in Hong Kong employees from 36 to 28[189]. - The Group maintains a commitment to equal opportunity employment, prohibiting discrimination based on race, gender, or other factors[190]. - The Board is composed of five members, including two executive Directors and three independent non-executive Directors, ensuring diverse academic and professional backgrounds[135]. - The Company ensures gender diversity in recruiting staff at mid to senior levels[1]. Environmental, Social, and Governance (ESG) - The Group's ESG Report reviews initiatives, plans, and performance related to environmental protection, labor practices, and business operations for the year ended April 30, 2024[175]. - The Group is committed to complying with ESG guidelines, laws, and regulations in Hong Kong, ensuring fulfillment of environmental and social responsibilities[176]. - The Group aims to reduce its environmental footprint, primarily consisting of greenhouse gas emissions from electricity and water consumption[184]. - The Group supports environmental conservation initiatives, including a paperless office policy and recycling programs[186]. Risks and Challenges - Economic uncertainty is driven by persistent inflation, fluctuating interest rates, and slower growth in key markets, complicating the business landscape[39]. - The Group is exposed to risks from negative developments in global, regional, and local economies[71]. - Security breaches and attacks against the Group's systems could negatively affect its reputation and financial condition[94]. - The Board identified significant risks including cybersecurity risk, talent shortage, and rapid technological change, and believes the Group has adequate resources for accounting and internal audit functions[155].

Financial Performance - The total revenue for the fiscal year ending April 30, 2024, was HKD 204,545,000, representing an increase of 1.4% from HKD 201,608,000 in the previous year[1]. - The net profit for the year was HKD 17,051,000, compared to HKD 20,578,000 in the previous year, indicating a decrease of approximately 17.3%[1]. - Basic and diluted earnings per share increased to HKD 8.21 from HKD 5.83, reflecting a growth of 40.7%[1]. - The 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%[6]. - The total tax expense for the year 2024 was HKD 4,075,000, significantly higher than HKD 2,190,000 in 2023, representing an increase of about 86.1%[15]. - EBITDA rose by 13.6% to HKD 35.0 million, up from HKD 30.8 million in the previous year[29]. Assets and Liabilities - Non-current assets totaled HKD 355,090,000, up from HKD 347,005,000, marking a growth of 2.4%[2]. - Current assets amounted to HKD 265,738,000, slightly increasing from HKD 262,353,000, a rise of 1.5%[2]. - The total assets as of April 30, 2024, amounted to HKD 620,828,000, up from HKD 609,358,000 in the previous year, reflecting an increase of approximately 1.5%[9]. - The total liabilities as of April 30, 2024, were HKD 74,316,000, a decrease from HKD 80,654,000 in the previous year, showing a reduction of about 7.9%[9]. - The company's total equity increased to HKD 546,513,000 from HKD 528,704,000, representing a growth of 3.4%[2]. Cash Flow and Financial Position - The company reported a decrease in cash and cash equivalents to HKD 53,104,000 from HKD 100,003,000, a decline of 47.3%[2]. - The company maintained cash and bank balances of approximately HKD 53.1 million as of April 30, 2024, down from HKD 100.0 million in 2023, while the current ratio improved to 4.0 from 3.7[48]. - The debt ratio as of April 30, 2024, was 0.10, slightly up from 0.09 in 2023, indicating a stable leverage position[49]. Revenue Segmentation - Revenue from the technology segment was HKD 197,368,000, contributing the largest share to total revenue[6]. - Revenue from Hong Kong was HKD 166,951,000 for the year ended April 30, 2024, slightly up from HKD 166,614,000 in the previous year[11]. - The group's revenue for the year 2024 was HKD 204,545,000, compared to HKD 201,608,000 in 2023, representing a year-over-year increase of approximately 0.46%[13]. - The group's revenue increased by 1.4% to HKD 204.5 million, with the technology sector's revenue growing by 0.4% to HKD 197.4 million[32]. Expenses and Costs - The company’s administrative and other operating expenses were HKD 155,570,000, reflecting an increase compared to the previous year's expenses[1]. - The total employee costs for 2024 were HKD 29,000,000, a decrease from HKD 26,297,000 in 2023, reflecting a reduction of approximately 10.3%[14]. - The total financial costs for 2024 were HKD 2,893,000, compared to HKD 1,380,000 in 2023, reflecting an increase of approximately 109.0%[14]. Acquisitions and Investments - The group issued 23,252,466 shares for the acquisition of a subsidiary during the reporting period, increasing the total issued and paid-up shares to 270,827,299 by the end of 2024[25]. - The company completed the acquisition of 51% equity in Greenie EdTech Corporation for HKD 20.4 million, with approximately HKD 12.6 million paid in cash and HKD 7.8 million through the issuance of 20,500,000 shares at an issue price of HKD 0.378 per share[45]. - The company completed an additional acquisition of approximately 4.5% equity in Claman Global Limited for HKD 5.6 million, increasing its stake from 50.3% to 54.8%[46]. Strategic Focus and Future Outlook - The technology services industry is expected to rebound with moderate growth driven by strategic investments in innovative technologies and continued focus on digital transformation[27]. - The company is expanding its business in the UK and EU, enhancing its global reach and influence[28]. - Continuous investment in research and development is a priority, with a focus on AI, IoT, and other emerging technologies[35]. - The group aims to enhance its business technology application portfolio, focusing on scalable cloud platforms, AI integration, and cybersecurity[33]. Corporate Governance and Compliance - The company adopted new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial statements for the current and prior years[4]. - The Audit Committee, composed of three independent non-executive directors, has reviewed the financial reporting procedures and internal control systems for the fiscal year ending April 30, 2024[60]. - The company has adopted the standard code of conduct for securities trading as per Appendix C3 of the Listing Rules, confirming compliance by all directors for the year[59]. Market and Economic Conditions - The group faces risks related to economic volatility and changing consumer patterns, which may impact revenue and property valuations[42]. - The company emphasizes sustainability and corporate responsibility, aiming to develop eco-friendly technologies and implement sustainable business practices[37].

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]