Financial Performance - For the fiscal year ending March 31, 2022, Computime reported a revenue increase of approximately 16% year-on-year, reaching about HKD 4,184.8 million[14]. - Computime's revenue increased by 16.4% year-on-year to approximately HKD 4,184.8 million, compared to HKD 3,596.7 million in the previous fiscal year[26]. - Gross profit rose to approximately HKD 537.3 million, with a gross margin of 12.8%, maintaining a similar level to the previous year's 13.0%[26]. - The company reported a steady increase in profit attributable to owners, rising approximately 3.5% from HKD 81.4 million to about HKD 84.2 million[26]. - Basic earnings per share attributable to owners increased to HKD 10.01, up from HKD 9.69 year-on-year, reflecting business resilience amid the pandemic[28]. - Revenue from the smart solutions segment reached approximately HKD 1,281.4 million, a year-on-year increase of 17.3%, driven by heightened consumer awareness of energy efficiency[28]. - Revenue from the OEM production segment amounted to approximately HKD 2,903.5 million, representing a year-on-year growth of 15.9% due to strong and stable customer orders[28]. Strategic Initiatives - The company announced the acquisition of Braeburn Systems LLC, a U.S. brand focused on energy-saving technology and smart HVAC controls, enhancing its B2B business synergy with the existing Salus Controls brand[14]. - The acquisition of an additional 62.9998% equity in Braeburn for USD 10.3 million resulted in a total ownership of 90%, enhancing the company's market position in energy-efficient technologies[32]. - Braeburn's existing application platform, BlueLink Connect, will assist in remote control of appliances and user data collection, supporting the development of customized and value-added services[33]. - The company is expanding its production facilities in the Asia-Pacific region, establishing a factory in Mexico and laying the groundwork for an engineering center in Romania[34]. - The company aims to enhance its production capacity and explore locations in Mexico while improving efficiency in China, Vietnam, and Malaysia[37]. - The company plans to invest in new technologies such as AI, machine learning, and cloud computing to expand revenue sources and improve profit levels[37]. Operational Challenges - The global operating environment has been challenging due to supply chain disruptions and rising raw material prices, impacting cost pressures across various industries[13]. - Computime is focused on mitigating risks and preparing financially for future uncertainties while promoting smart and sustainable living through its technology and production capabilities[13]. - Inventory increased from HKD 739.2 million to approximately HKD 935.9 million, while trade receivables rose by HKD 94.8 million to HKD 499.2 million[29]. - The debt ratio increased to 40.8% from 21.8% year-on-year, indicating a strategic approach to manage financial stability amid global supply chain fluctuations[29]. Research and Development - Computime is actively developing new technologies and improving existing product functionalities, including the launch of new product platforms such as electric vehicle (EV) charging equipment and smart energy-saving HVAC products[15]. - The company aims to develop more innovative, eco-friendly, and interconnected solutions through continued investment in R&D and technology[20]. - The company is investing $G million in R&D to develop new technologies aimed at improving operational efficiency[59]. Corporate Governance - The company emphasizes good corporate governance practices to enhance corporate value and investor confidence, adhering to the corporate governance code[153]. - The board consists of nine members, including three executive directors, two non-executive directors, and four independent non-executive directors, complying with the listing rules[158]. - The company has established a nomination committee to oversee the composition and development of the board, ensuring independent non-executive directors' independence[164]. - The company has a clear policy for evaluating the independence of non-executive directors, which is part of its governance framework[188]. - The board is responsible for ensuring compliance with legal and regulatory requirements, as well as reviewing corporate governance policies and practices[194]. Market Outlook - The smart home device market is expected to maintain a double-digit CAGR from 2021 to 2026, reflecting significant business opportunities[25]. - Overall, the company remains optimistic about future growth, with a focus on sustainability and innovation as key drivers[59]. - The company provided guidance for the next fiscal year, projecting revenue growth of B% and an expected EBITDA margin of C%[59]. Shareholder Returns - Computime emphasizes its commitment to delivering substantial returns to shareholders amid its growth initiatives[14]. - The proposed final dividend is HKD 0.0475 per share for the year ended, to be paid on October 11, 2022[79]. - The proposed final dividend of HKD 40,021,000 is subject to shareholder approval at the 2022 annual general meeting[81]. Leadership and Management - Ouyang Bokan has over 30 years of management and corporate experience, currently serving as the Executive Director and CEO of the company[49]. - The company has a strong leadership team with members holding advanced degrees from prestigious institutions, including Harvard University and the University of Warwick[51][52]. - The company has a strong management team with over 30 years of experience in engineering and R&D[70]. - The company has a diverse board composition, with independent non-executive directors bringing extensive banking and financial management experience[56].

Financial Performance - Revenue for the six months ended September 30, 2021, was HKD 1,836,206 thousand, representing a 22.3% increase from HKD 1,501,915 thousand in the same period last year[7] - Gross profit for the same period was HKD 255,758 thousand, up from HKD 172,234 thousand, indicating a significant improvement in profitability[7] - Net profit for the period was HKD 34,156 thousand, compared to HKD 2,106 thousand in the previous year, reflecting a substantial increase[7] - Basic earnings per share increased to HKD 4.06 from HKD 0.25, showcasing strong earnings growth[7] - The operating profit before tax for the period was HKD 41,564 thousand, significantly up from HKD 5,695 thousand in the previous year, reflecting a growth of 629.5%[28] - The group reported a net profit of HKD 34,156 thousand for the six months ended September 30, 2021, compared to HKD 2,106 thousand in the same period last year, marking a substantial increase of 1,520.5%[28] - Gross profit rose by 48.5% year-on-year to HKD 255.8 million, with a gross margin increase of 2.4 percentage points to 13.9%[71] - Profit attributable to owners reached HKD 34.2 million, a 15.2-fold increase compared to HKD 2.1 million in the same period last year[71] Assets and Liabilities - Total assets as of September 30, 2021, amounted to HKD 2,789,611 thousand, up from HKD 2,487,620 thousand as of March 31, 2021[12] - Current assets increased to HKD 2,061,641 thousand from HKD 1,812,406 thousand, indicating improved liquidity[11] - Current liabilities rose to HKD 1,350,063 thousand from HKD 1,020,757 thousand, reflecting increased operational activities[11] - The company reported a total equity of HKD 1,372,255 thousand as of September 30, 2021, slightly down from HKD 1,398,419 thousand[12] - The group’s total equity attributable to owners of the company was 1,220,885 thousand HKD as of September 30, 2021[14] - The group’s cash and bank deposits were approximately HKD 308.6 million as of September 30, 2021, down from HKD 570.2 million as of March 31, 2021[76] - Total bank borrowings amounted to HKD 90,237,000, primarily consisting of loans due within one year[80] Cash Flow - For the six months ended September 30, 2021, the company reported a net cash flow from operating activities of (118,709) thousand HKD, compared to 111,940 thousand HKD in the same period of 2020[17] - The net cash flow used in investing activities for the same period was (78,656) thousand HKD, an improvement from (107,351) thousand HKD in the previous year[17] - The net cash flow used in financing activities was (17,071) thousand HKD, down from (48,078) thousand HKD in the prior year[17] - The total cash and cash equivalents at the end of the period were 368,999 thousand HKD, a decrease from 399,558 thousand HKD year-over-year[17] Market and Growth Strategy - The company continues to focus on expanding its market presence and enhancing product offerings to drive future growth[6] - The group plans to enhance production capabilities in Malaysia, Vietnam, and Mexico while considering expansion into Eastern Europe[78] - The company aims to diversify its product offerings and enhance its comprehensive solutions by integrating more intelligent technologies and exploring acquisition opportunities[78] Shareholder Information - Major shareholder SPGL holds 352,500,000 shares, representing approximately 41.98% of the company's issued share capital as of September 30, 2021[105] - Ms. Xie Shuming has a beneficial interest in 353,523,000 shares, accounting for about 42.10% of the company's issued share capital[106] - Mr. Xiang Lizhi holds 218,528,000 shares, which is 26.02% of the company's issued share capital[107] - Ms. Liang Qili also has a beneficial interest in 218,528,000 shares, representing 26.02% of the company's issued share capital[107] - No other individuals, apart from the directors and key executives mentioned, hold 5% or more of the company's shares as of September 30, 2021[110] Employee and Operational Information - The total employee cost for the period was HKD 335,045,000, with approximately 4,700 full-time employees[87] - The group has no major acquisitions or disposals of subsidiaries, associates, or joint ventures during the period[86] - The group maintains a proactive approach to managing foreign exchange risks, primarily from transactions in currencies other than the functional currency[82] Dividend and Capital Management - The group did not recommend the payment of an interim dividend for the six months ended September 30, 2021, consistent with the previous year[39] - The company has a stock option plan in place to reward eligible participants contributing to the group's business success[51] - The company had a stock option reserve of HKD 438,000 released to share premium following the exercise of stock options[60] Miscellaneous - The company adopted revised Hong Kong Financial Reporting Standards for the preparation of its interim financial statements, ensuring consistency with the previous fiscal year[21] - The report is signed by the chairman, Mr. Ouyang He, on November 25, 2021[112]

Financial Performance - Revenue for the fiscal year 2021 increased by 10.2% to HKD 3,596.7 million, while net profit surged by 640.4% to HKD 81.4 million[27]. - Revenue increased by 10.2% year-on-year to approximately HKD 3,596.7 million, compared to HKD 3,262.5 million in the previous fiscal year[36]. - Gross profit for the year was approximately HKD 465.8 million, with a slight decrease in gross margin by 0.4 percentage points to 13.0%[36]. - Net profit attributable to owners surged by 640.4% to approximately HKD 81.4 million, compared to HKD 11.0 million in the same period last year[38]. - The OEM business segment saw revenue increase by approximately 22.3% to about HKD 2,504.4 million, driven by increased demand for home products due to remote work[38]. - The smart solutions segment experienced a revenue decline of approximately 10.1% to about HKD 1,092.3 million, impacted by regional lockdowns in Europe[38]. Cost Management and Efficiency - The company successfully restructured its cost structure, resulting in significant reductions in sales and distribution expenses, management fees, and financial costs despite rising revenues[27]. - The company emphasizes strict cost control measures to gain pricing advantages in the market[27]. - The group plans to enhance operational efficiency and cost control, supported by a robust order backlog, despite challenges from raw material shortages and rising prices[44]. - Operational efficiency improvements are expected to reduce costs by I%, enhancing overall profitability[66]. Manufacturing and Expansion - The company plans to expand its manufacturing footprint to meet increasing demand for flexible and efficient manufacturing solutions, with a focus on enhancing production processes[28]. - A virtual manufacturing base was successfully established in Vietnam, marking a significant milestone in the company's global manufacturing footprint strategy[28]. - The company aims to further enhance its production capacity and efficiency through the acquisition of a new factory in Malaysia[28]. - The company is exploring opportunities to expand its global manufacturing footprint, including potential acquisitions of capable production facilities and faster, less capital-intensive virtual manufacturing models[28]. Research and Development - The company is focusing on integrating AI and robotics into existing products and developing new product lines[30]. - The company is enhancing its research and development efficiency by integrating and targeting R&D resources[30]. - The smart IoT cloud platform has been commercialized, providing seamless connectivity and customized solutions for multiple clients[39]. - The company is investing H million in R&D to develop new technologies that align with market trends[66]. Corporate Governance - The board of directors includes experienced members with extensive backgrounds in finance and management, ensuring strong governance[67][69][70]. - The company has adopted the corporate governance code principles as outlined in Appendix 14 of the Listing Rules and believes it has complied with these principles during the year[167]. - The company has established a nomination committee responsible for reviewing the composition of the board and developing procedures for director nominations and appointments[177]. - The board consists of nine members, including three executive directors, two non-executive directors, and four independent non-executive directors, in compliance with the Listing Rules[172]. Market Strategy - The company is committed to improving market penetration by expanding its production base layout to serve larger geographic markets more quickly[27]. - The company is focused on expanding its business and has received significant support from major clients under the leadership of its executive team[56]. - The company is committed to expanding its business in Europe, the United States, and the Asia-Pacific region[75]. - The company is transitioning from a hardware supplier to a comprehensive solution provider, leveraging its IoT cloud platform to explore new market segments and revenue sources[46]. Shareholder Information - The company proposed a final dividend of HKD 0.0595 per share for the fiscal year ending March 31, 2021[88]. - The proposed final dividend of HKD 49,965,000 is subject to shareholder approval at the 2021 annual general meeting[90]. - The company has adopted a dividend policy without a preset payout ratio, considering financial performance, cash flow, and future operational needs[95]. Compliance and Risk Management - The audit committee reviewed the consolidated financial statements for the year ended March 31, 2021, ensuring compliance with accounting principles and internal controls[152]. - The company confirmed compliance with relevant laws and regulations that significantly impact its business and operations[151]. - The company confirmed compliance with the disclosure requirements under Chapter 14 of the Listing Rules regarding the significant transactions for the year[161]. Employee and Management - The total employee cost for the year amounted to HKD 665,819,000, compared to HKD 649,059,000 in 2020, reflecting an increase in workforce from 4,984 to 5,100 full-time employees[54]. - The company has a strong management team with over 20 years of experience in various industries, including finance and technology[75][76][77][78][79][80]. - The management reviews salaries and wages annually based on employee qualifications, performance, and market conditions[54].

Financial Performance - For the six months ended September 30, 2020, the company reported revenue of HKD 1,501,915 thousand, a decrease of 6.2% compared to HKD 1,601,362 thousand for the same period in 2019[6]. - Gross profit for the same period was HKD 172,234 thousand, down 22.8% from HKD 223,035 thousand year-over-year[6]. - The company recorded a profit before tax of HKD 5,695 thousand, a significant decline of 66.6% from HKD 17,083 thousand in the previous year[6]. - Net profit for the period was HKD 2,106 thousand, a decrease of 87.4% compared to HKD 16,685 thousand in the prior year[6]. - Basic earnings per share for the period was HKD 0.25, down from HKD 1.99 in the same period last year[6]. - The total comprehensive income for the period was HKD (40,021,000), significantly impacted by other comprehensive expenses of HKD (56,706,000)[14]. - The company reported a profit of HKD 16,688,000 for the period, compared to HKD 16,685,000 in the previous year[14]. - Revenue for the period decreased by 6.2% year-on-year to approximately HKD 1,501.9 million due to supply chain disruptions caused by COVID-19[79]. - Net profit for the period was HKD 2.1 million, down from HKD 16.7 million in the same period last year, reflecting the impact of COVID-19 and one-time restructuring costs[79]. Assets and Liabilities - Total assets less current liabilities as of September 30, 2020, amounted to HKD 1,286,357 thousand, a decrease from HKD 1,337,297 thousand as of March 31, 2020[11]. - The company’s total equity as of September 30, 2020, was HKD 1,220,885 thousand, down from HKD 1,258,923 thousand as of March 31, 2020[11]. - Current assets totaled HKD 1,597,221 thousand, a decrease from HKD 1,715,929 thousand as of March 31, 2020[10]. - Current liabilities were HKD 970,283 thousand, slightly down from HKD 991,210 thousand as of March 31, 2020[10]. - The total trade payables and notes payable at the end of the reporting period was HKD 709,115,000, slightly down from HKD 715,432,000 as of March 31, 2020[53]. - As of September 30, 2020, trade receivables amounted to HKD 1,043,906,000, a decrease from HKD 1,142,072,000 as of March 31, 2020[50]. - The aging analysis of trade receivables shows that 15.8% is from the largest customer and 51.7% from the top five customers, compared to 9.2% and 47.1% respectively as of March 31, 2020[47]. - The aging analysis of trade payables indicates that HKD 624,753,000 is due within one month, compared to HKD 500,902,000 as of March 31, 2020[53]. Cash Flow - The net cash flow from operating activities for the six months ended September 30, 2020, was HKD 111,940,000, a decrease from HKD 123,561,000 in the same period of 2019[16]. - The net cash flow used in investing activities was HKD (107,351,000) for the six months ended September 30, 2020, compared to HKD (82,209,000) in 2019[16]. - The net cash flow used in financing activities was HKD (48,078,000) for the six months ended September 30, 2020, down from HKD (101,881,000) in the previous year[16]. - The cash and cash equivalents at the end of the period were HKD 399,558,000, an increase from HKD 369,652,000 as of September 30, 2019[16]. - The group's net cash position improved to HKD 282.8 million, up from HKD 223.8 million year-on-year, driven by enhanced accounts receivable and payable turnover[79]. - As of September 30, 2020, the group's cash and cash equivalents amounted to HKD 399,558,000, including RMB-denominated cash of HKD 45,450,000[85]. - The net cash balance, calculated as total cash and cash equivalents minus interest-bearing bank borrowings, was HKD 282,754,000[87]. Stock Options and Capital - The company granted a total of 8,000,000 stock options to two directors on April 1, 2020, with a fair value of HKD 1,175,000[68]. - The exercise price for the stock options granted was HKD 0.345 per share[68]. - The company has a total of 10,000,000 stock options outstanding as of September 30, 2020[67]. - The fair value of stock options granted to directors was HKD 244,000 for the options granted on September 3, 2020[68]. - The exercise period for the stock options granted extends until June 30, 2030[67]. - The group has capital commitments of HKD 8,360,000 for property renovations and machinery as of September 30, 2020[72]. - Capital expenditures during the period totaled approximately HKD 110,081,000, primarily for property, plant, equipment, and new product development[89]. Operational Insights - The company is engaged in the research and development, design, production, and sale of electronic control devices[20]. - The company has adopted revised Hong Kong Financial Reporting Standards effective from January 1, 2020, with no impact on its financial position[25][26]. - The company is expanding its market presence with a new production base in Malaysia, which has commenced operations and is gradually increasing capacity[82]. - The group has implemented various cost control measures, resulting in a reduction in selling, distribution, and administrative expenses compared to the previous year[79]. - The company plans to explore opportunities for diversified manufacturing networks to meet customer demands for agility and flexibility[84]. - The group is committed to rigorous cost control and inventory management to enhance profit margins[84]. Shareholding Structure - As of September 30, 2020, SPGL holds 352,500,000 shares, representing approximately 41.98% of the company's issued share capital[110]. - Ms. Xie Shuming has a beneficial interest in 353,523,000 shares, accounting for approximately 42.10% of the company's issued share capital[110]. - Mr. Xiang Lizhi holds 218,528,000 shares, which is 26.02% of the company's issued share capital[110]. - Ms. Liang Qili has a beneficial interest in 218,528,000 shares, also representing 26.02% of the company's issued share capital[110]. - No other individuals, excluding directors and key executives, hold any interests or short positions in the company's shares as of September 30, 2020[115]. Management and Future Outlook - The board expresses gratitude to the management and employees for their efforts and contributions during the period[116]. - Future performance guidance was not provided in the conference call[63]. - The company has not reported any changes in user data or market expansion strategies during the reporting period[63]. - There were no new product developments or technological advancements mentioned in the conference call[63]. - The company did not announce any mergers or acquisitions during the reporting period[63]. - The company anticipates a recovery in orders as the market adapts to the new normal, with confidence in achieving better results in the second half of the fiscal year[83].

Financial Performance - For the fiscal year ending March 31, 2020, revenue decreased by 4.6% to HKD 3,262,500,000, while net profit increased by 6.8% to HKD 11,000,000[11]. - Revenue for the fiscal year ended March 31, 2020, decreased by 4.6% year-on-year to approximately HKD 3,262.5 million, down from HKD 3,420.1 million[17]. - Gross profit margin improved from 11.7% to 13.4% due to effective cost control measures[18]. - Net cash increased to HKD 292.9 million as of March 31, 2020, up from HKD 226.4 million the previous year[19]. - The company’s operating expenses rose by approximately 11.3% to HKD 419.9 million, primarily due to increased staffing to implement cost optimization measures[18]. - Trade receivables decreased by 25.4% year-on-year to HKD 28.1 million, indicating improved cash flow management[19]. - The board proposed a final dividend of HKD 0.0131 per share, down from HKD 0.0164 per share in the previous fiscal year[21]. - As of March 31, 2020, the group maintained a healthy financial position with cash and cash equivalents totaling HKD 432,031,000, slightly down from HKD 436,488,000 in 2019[27]. - The group’s current ratio stood at 1.7, indicating a stable liquidity position[27]. - The total interest-bearing bank borrowings amounted to HKD 139,099,000, a decrease from HKD 210,039,000 in the previous year[27]. - The group has a net cash position of HKD 292,932,000 after deducting total interest-bearing bank borrowings[27]. - The company reported a final dividend of HKD 0.0131 per share for the year ended March 31, 2020[70]. - The company’s distributable reserves, before the proposed final dividend, amount to HKD 788,220,000 as of March 31, 2020[79]. Strategic Initiatives - The company aims to expand into the business-to-consumer (B2C) market, leveraging its newly acquired distribution network to capture growth potential in smart home appliances and baby products[10]. - The recent acquisition of manufacturing facilities in Malaysia is expected to reduce costs and provide flexibility in production, allowing the company to explore new regional markets[11]. - The company plans to focus on three main revenue sources: control solutions, business-to-business (B2B) brand business, and business-to-consumer (B2C) brand business[10]. - The company aims to provide diversified manufacturing solutions to maintain long-term competitiveness and sustainable development[11]. - The company plans to leverage the newly acquired subsidiary CT Nova Limited to enter the consumer market, focusing on smart home appliances and baby products[23]. - The company aims to enhance its product offerings and R&D investments to maintain market leadership and capture new opportunities[14]. - The company is re-evaluating its asset-heavy development strategy to improve asset utilization and return on investment through virtual manufacturing and outsourcing solutions[11]. - The company is expanding its market presence in region C, targeting a market share increase of D% over the next fiscal year[40]. - Strategic acquisitions are planned to enhance product offerings and market reach, with an estimated investment of $E million[40]. - Ongoing research and development efforts are focused on next-generation technologies, with a budget allocation of $F million for the upcoming year[40]. - The company aims to improve operational efficiency, targeting a reduction in costs by G% through process optimization[40]. Management and Governance - The new CEO, Mr. Ouyang Bo Kang, brings nearly 30 years of experience in electronic design and manufacturing, which is expected to enhance the company's product innovation and supply chain management[10]. - The company has a strong board of independent non-executive directors with extensive experience in finance and management, including Mr. Lu, who has over 30 years of experience in accounting and financial management[47]. - Mr. Shi, an independent non-executive director, has a background in high-growth business management and successful product launches, previously serving as the President and COO of Coca-Cola Asia[49]. - The company has appointed Mr. He as an independent non-executive director, who has over 40 years of experience in the chemical industry, including global business management roles at Dow Chemical[52]. - Mr. Huang, the newly appointed president, has over 30 years of experience in product development and brand management in the electronics industry, previously serving as CEO of the brand business at VTech[54]. - The company is focused on expanding its market presence and enhancing product development capabilities through the expertise of its management team[54]. - The board includes members with significant experience in investment management and asset management, which may enhance the company's strategic financial decisions[51]. - The company has a robust governance structure with various committees, including audit, remuneration, and nomination committees, to ensure effective oversight[47]. - The company has established a clear distinction between the responsibilities of the board of directors and the daily management of the group to ensure balanced power distribution[173]. - Each executive director has signed a three-year service contract, while non-executive directors serve a term of two years, with all directors required to retire at least once every three years[174]. - All directors participated in continuous professional development during the fiscal year ending March 31, 2020, ensuring they remain informed and capable of contributing effectively[178]. - The remuneration committee consists of four members, including one executive director and three independent non-executive directors, ensuring a majority of independent oversight[188]. - The audit committee, consisting of five members, held four meetings during the fiscal year, reviewing financial statements and discussing the effectiveness of the company's financial reporting and internal control systems[191]. - The nomination committee held three meetings during the fiscal year, appointing Mr. Ouyang Bokan as an executive director and CEO, and reviewing the board's structure and composition[197]. - The company emphasizes the importance of board diversity and has adopted a board diversity policy to enhance governance and maintain competitive advantage[196]. Operational Insights - The company recognizes the need for more flexible and efficient responses to customer demands in light of recent global challenges, including the COVID-19 pandemic[11]. - The company is focusing on optimizing its product coverage in the HVAC sector to enhance customer engagement and product usage[26]. - The company has not experienced significant changes in its main business operations during the year[68]. - The company’s main business involves research, design, manufacturing, and trading of electronic control products[68]. - The company’s subsidiaries primarily focus on research and development, design, manufacturing, and trading of electronic control products[68]. - The company has complied with relevant laws and regulations that significantly impact its business and operations[148]. - The audit committee reviewed the consolidated financial statements for the year ending March 31, 2020, and discussed accounting principles and internal controls with management and auditors[150]. Shareholder Information - The company did not purchase, sell, or redeem any of its listed securities during the year ending March 31, 2020[85]. - The company has not established any stock-linked agreements as of March 31, 2020, except for the share option plan disclosed in the board report[78]. - The company has a stock option plan adopted on September 15, 2006, which will remain effective for ten years unless cancelled or terminated[115]. - A total of 2,000,000 stock options were granted under the 2006 plan, with various exercise prices ranging from HKD 1.174 to HKD 1.24[119]. - The percentage of shares held by major shareholders is calculated based on the total issued shares as of March 31, 2020[114]. - The largest customer accounted for 24% of total sales, while the top five customers combined represented 60% of sales for the year ending March 31, 2020[144]. - The company’s five largest suppliers accounted for less than 30% of total procurement during the year[145]. - The company confirmed compliance with the disclosure requirements under Chapter 14A of the Listing Rules regarding related party transactions for the year[152]. - The company has not entered into any significant transactions or arrangements where directors have a material interest during the year[97]. - The company has not established any arrangements that would allow directors and their family members to benefit from acquiring shares of any other corporate entities during the year[108].

Financial Performance - Revenue for the six months ended September 30, 2019, was HKD 1,601,362 thousand, compared to HKD 1,532,361 thousand for the same period in 2018, representing an increase of 4.5%[8] - Gross profit for the same period was HKD 223,035 thousand, slightly down from HKD 224,404 thousand in 2018, indicating a decrease of 0.6%[8] - Profit before tax decreased to HKD 17,083 thousand from HKD 30,011 thousand in the previous year, reflecting a decline of 43.3%[8] - Net profit for the period was HKD 16,685 thousand, down from HKD 24,908 thousand in 2018, a decrease of 33.1%[8] - Basic earnings per share for the period was HKD 1.99, compared to HKD 2.97 in the previous year, a decline of 33.1%[8] - The company reported a total comprehensive income of HKD (40,021) thousand for the period, compared to HKD (43,676) thousand in the previous year, showing an improvement of 6.1%[10] - Revenue from external customers for the six months ended September 30, 2019, was HKD 632,790,000, an increase from HKD 561,602,000 in the same period of 2018, representing a growth of approximately 12.9%[48] - The gross profit for the period was HKD 77,260,000, compared to HKD 77,998,000 in the previous year, indicating a slight decline of about 0.9%[48] - The pre-tax profit for the period was HKD 16,685,000, down from HKD 24,908,000 in the previous year, representing a decrease of about 33.0%[55] - Net profit attributable to owners decreased by 33.0% to HKD 16.7 million compared to HKD 24.9 million in the same period last year[103] Assets and Liabilities - Total non-current assets as of September 30, 2019, amounted to HKD 507,171 thousand, an increase from HKD 450,590 thousand as of March 31, 2019, representing an increase of 12.5%[14] - Current assets totaled HKD 1,719,156 thousand, a decrease from HKD 1,765,974 thousand as of March 31, 2019, indicating a decline of 2.6%[14] - Total liabilities increased to HKD 957,343 thousand from HKD 903,173 thousand, reflecting an increase of 6.0%[14] - As of September 30, 2019, total assets less current liabilities amounted to HKD 1,268,984, a decrease from HKD 1,313,391 as of March 31, 2019[15] - The net assets of the company were HKD 1,232,609, down from HKD 1,288,927 as of March 31, 2019, indicating a decline of approximately 4.4%[15] - The company’s non-current liabilities totaled HKD 36,375, an increase from HKD 24,464 as of March 31, 2019, indicating a rise in long-term obligations[15] - Trade receivables at the end of the reporting period amounted to HKD 1,081,016,000, a decrease from HKD 1,283,288,000 as of March 31, 2019[70] - Trade payables at the end of the reporting period totaled HKD 692,078,000, an increase from HKD 592,091,000 as of March 31, 2019[72] Cash Flow - The net cash flow from operating activities for the six months ended September 30, 2019, was HKD 99,815, a significant recovery from a cash outflow of HKD 326,394 in the same period of the previous year[23] - The company reported a net cash outflow from investing activities of HKD 82,209, compared to HKD 86,958 in the prior year, showing a slight improvement[23] - Financing activities resulted in a net cash outflow of HKD 78,135, which is an increase from HKD 31,461 in the previous year, indicating higher financing costs[23] - The cash and cash equivalents at the end of the period were HKD 369,652, an increase from HKD 272,623 at the same time last year[23] - The group's net cash balance was HKD 223,792,000 as of September 30, 2019, compared to HKD 226,449,000 as of March 31, 2019[110] Stock Options and Share Capital - The company granted stock options totaling 2,000,000 shares under the 2006 plan as of September 30, 2019[75] - The stock options granted to senior management included 240,000 shares with an exercise price of 1.24, valid from October 22, 2016, to October 21, 2025[75] - The total stock options granted under the 2010 plan amounted to 2,400,000 shares, with an exercise price of 1.05, valid until April 29, 2020[80] - The company has plans to expand its stock option program, with new grants expected in the upcoming fiscal periods[86] - The company aims to enhance its employee retention strategy through the stock option program, aligning employee interests with shareholder value[86] Market and Business Focus - The company continues to focus on innovation in smart home and IoT technologies, aiming for market expansion and new product development[2] - The smart solutions business segment's revenue increased by 12.7%, accounting for 39.5% of total revenue[106] - The OEM manufacturing business segment maintained revenue levels similar to the previous year, with a profit margin increase from 3.2% to 4.1%[107] - The company is focusing on the Internet of Things (IoT) sector and has introduced new technologies in its SALUS brand, which is a rapidly growing product line[106] - The global number of smart homes is expected to reach 293 million by 2023, with a market size of USD 155 billion[101] - The smart hotel market is projected to grow from USD 5.74 billion in 2016 to USD 18.1 billion by 2021, with a compound annual growth rate of 25.8%[101] Employee and Operational Insights - The group employed approximately 4,800 full-time employees, with total employee costs amounting to HKD 326,022,000 during the period[116] - The group is actively enhancing production capacity and efficiency while expanding its manufacturing solutions geographically to seek acquisition opportunities[108] Dividends and Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2019, consistent with the previous year[61] - The total number of shares held by major shareholders with 5% or more interest is significant, indicating concentrated ownership[134] - No other individuals, apart from directors and key executives, hold any interests or short positions in the company's shares as of September 30, 2019[140] Accounting Standards and Changes - The adoption of Hong Kong Financial Reporting Standard 16 resulted in an increase of HKD 56,272 thousand in right-of-use assets[39] - Lease liabilities increased by HKD 59,325 thousand due to the adoption of Hong Kong Financial Reporting Standard 16[39] - Retained earnings decreased by HKD 3,053 thousand as a result of the new accounting standard[39] - The transition impact of adopting the new standard was applied retrospectively, affecting the opening balance of retained earnings[33] - Right-of-use assets are measured at cost less any accumulated depreciation and impairment losses[41]

computime 2018/2019 0.96 S 本領 劇 意 UC+ (XO 科技 華新 000 d 00 產品知識 智能家居供暖及 能源管理 數據管理 OD ress 109P OP 智慧家居及建築物管理 醫療物聯網 遙距醫護 增值生產服務 A B I COMPUTIME GROUP LIMITED 金寶通集團有限公司* (於開曼群島註冊成立之有限公司) (股份代號: 320) * 僅供識別 | --- | --- | |--------------------------------------------------------|------------------------------------| | | | | 金寶通集團有限公司（股份代號： 0320 | ）是一家總部設在香港 | | 的國際性技術和製造公司，在全球策略性地區共設有 | 14 個辦 | | 事處及生產基地。於過去 40 | 多年來，金寶通與國際品牌合作， | | 提供切實有效的設計和製造解決方案，並以自有品牌開發和推 | | | 出創新產品。金寶通提供遠超標準的製造服務，建立了廣泛的 | | | | | | 解決方案組合。 ...