FF301 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00567 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.1 HKD | | 400,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.1 HKD | | 400,000,000 | 本月底法定/註冊股本總額： HKD 400,000,000 第 1 頁 共 10 頁 v 1.1.1 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 大昌微綫集團有限公司 (於百慕達註冊成立之有限公司) 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00567 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.1 HKD | | 400,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.1 HKD | | 400,000,000 | 本月底法定/ ...

[Company Information and Financial Calendar](index=2&type=section&id=%E5%85%AC%E5%8F%B8%E8%B3%87%E6%96%99%E5%8F%8A%E8%B2%A1%E5%8B%99%E6%97%A5%E8%AA%8C) [Company Information and Financial Calendar](index=2&type=section&id=%E5%85%AC%E5%8F%B8%E8%B3%87%E6%96%99%E5%8F%8A%E8%B2%A1%E5%8B%99%E6%97%A5%E8%AA%8C) This section provides essential company details, including board members, key financial dates, and confirms no dividend distribution for the current fiscal year - The Board announced no recommendation for interim or final dividends for the year ended March 31, 2025[4](index=4&type=chunk) - The company changed its auditor in January 2025, with Pacon CPA Limited replacing RSM Hong Kong[98](index=98&type=chunk) [Chairman's Statement](index=3&type=section&id=%E4%B8%BB%E5%B8%AD%E5%A0%B1%E5%91%8A) [Business Review and Outlook](index=3&type=section&id=%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7%E8%88%87%E5%B1%95%E6%9C%9B) The Group's business segments face pressure from global economic weakness and trade uncertainties, leading to sales declines in PCB and printing, while new healthcare investments aim for diversification - Global economic recovery remains weak, with new US tariffs contributing to downward pressure and high unpredictability, impacting the Group's business[5](index=5&type=chunk) - Both PCB and printing businesses experienced sales declines due to a pessimistic economic outlook and trade tensions, prompting the Group to implement cost control and optimized management[6](index=6&type=chunk)[7](index=7&type=chunk) - The Group's oil trading business is currently suspended but actively exploring new trading opportunities[8](index=8&type=chunk) - To diversify its business, the Group invested in a Chinese healthcare company in March 2025, aiming for growth and enhanced financial position[9](index=9&type=chunk) [Biographies of Directors and Senior Management](index=5&type=section&id=%E8%91%A3%E4%BA%8B%E5%8F%8A%E9%AB%98%E7%B4%9A%E7%AE%A1%E7%90%86%E4%BA%BA%E5%93%A1%E5%B1%A5%E6%AD%B7) [Directors and Senior Management Profiles](index=5&type=section&id=%E8%91%A3%E4%BA%8B%E5%8F%8A%E9%AB%98%E7%AE%A1%E7%B0%A1%E4%BB%8B) This section details the personal and professional backgrounds of the company's directors and senior management, noting changes in board composition during the reporting period - During the reporting period, several board changes occurred, including Mr. Wong Siu Hung's re-designation from Executive to Non-Executive Director and resignation as COO, and Ms. Lam Wing's appointment as Independent Non-Executive Director with new roles in other listed companies[25](index=25&type=chunk) [Management Discussion and Analysis](index=9&type=section&id=%E7%AE%A1%E7%90%86%E9%9A%8E%E5%B1%A4%E4%B9%8B%E8%A8%8E%E8%AB%96%E5%8F%8A%E5%88%86%E6%9E%90) [Business and Financial Review](index=10&type=section&id=%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7) The Group's total revenue decreased by **38.0%** to **HKD 53.1 million**, driven by significant declines in printing and PCB businesses, leading to an expanded net loss of **HKD 21.1 million** Annual Financial Performance Summary | Metric | Year Ended March 31, 2025 | Year Ended March 31, 2024 | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Total Revenue (HKD million) | Approx. 53.1 | Approx. 85.6 | -38.0% | | - Printing Business Revenue (HKD million) | Approx. 33.8 | Approx. 59.0 | -42.7% | | - PCB Business Revenue (HKD million) | Approx. 19.3 | Approx. 26.5 | -27.2% | | Gross Margin | 19.3% | 20.7% | -1.4pp | | Total Net Loss (HKD million) | Approx. 21.1 | Approx. 11.9 | +77.3% | - The increase in net loss was primarily due to a **HKD 7.5 million** decrease in gross profit, **HKD 4 million** impairment loss on property, plant and equipment, and a **HKD 3.1 million** loss from disposal of a subsidiary[29](index=29&type=chunk) [Liquidity and Capital Resources](index=11&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91%E8%88%87%E8%B3%87%E6%9C%AC%E8%B3%87%E6%BA%90) At year-end, the Group's gearing ratio significantly increased to **2.8%** from **0.3%**, while the current ratio decreased to **1.80x** from **2.50x**, primarily due to a major investment deposit Liquidity and Capital Position | Metric | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | Gearing Ratio | 2.8% | 0.3% | | Current Ratio | 1.80x | 2.50x | | Cash and Bank Balances (HKD million) | Approx. 19.9 | Approx. 37.6 | - The decrease in the current ratio was primarily due to a deposit payment of **RMB 23.5 million (approximately HKD 25.47 million)** to a target company[30](index=30&type=chunk) [Significant Investments](index=12&type=section&id=%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B3%87) In March 2025, the Group agreed to subscribe for approximately **15.12%** equity in Beijing Weihang Yining Health Management Group Co., Ltd. for **RMB 28.5 million**, diversifying into AI-assisted healthcare - The Group conditionally agreed to subscribe for approximately **15.12%** equity in Beijing Weihang Yining Health Management Group Co., Ltd. for **RMB 28.5 million (approximately HKD 30.5 million)**, to be accounted for as an associate[42](index=42&type=chunk) [Prospects](index=13&type=section&id=%E5%89%8D%E6%99%AF) The PCB and printing segments face trade-related risks but show stabilization, while the Group explores resuming oil trading, completed a crypto trading platform investment, and diversifies into healthcare - The PCB and printing segments experienced initial sales declines due to macroeconomic and trade conditions but show recent recovery, with stabilization anticipated[44](index=44&type=chunk)[45](index=45&type=chunk) - The Group is actively exploring opportunities to resume its oil and energy products trading business, having signed a non-binding MOU with potential partners[50](index=50&type=chunk) - The Group's joint investment fund, Noricap Fund, completed an investment in a licensed cryptocurrency automated trading platform service company, indirectly acquiring approximately **0.86%** equity[51](index=51&type=chunk) [Report of the Directors](index=14&type=section&id=%E8%91%A3%E4%BA%8B%E6%9C%83%E5%A0%B1%E5%91%8A%E6%9B%B8) [Summary of Financial Information](index=16&type=section&id=%E8%B2%A1%E5%8B%99%E8%B3%87%E6%96%99%E6%A6%82%E8%A6%81) This section provides a five-year summary of the Group's performance and financial position, showing fluctuating revenue, consistent annual losses, and a total equity of **HKD 72.52 million** this year Five-Year Financial Performance Summary (HKD thousand) | Year Ended March 31 | 2025 | 2024 | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | :--- | :--- | | Revenue (Continuing Operations) | 53,097 | 85,584 | 83,758 | 106,471 | 67,886 | | Loss for the Year | (21,126) | (11,873) | (26,017) | (29,128) | (66,976) | Five-Year Assets and Liabilities Summary (HKD thousand) | As at March 31 | 2025 | 2024 | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | :--- | :--- | | Total Equity | 72,519 | 93,813 | 105,914 | 132,661 | 95,122 | [Major Suppliers and Customers](index=19&type=section&id=%E4%B8%BB%E8%A6%81%E4%BE%9B%E6%87%89%E5%95%86%E5%8F%8A%E5%AE%A2%E6%88%B6) The Group exhibited high concentration in both procurement and sales this year, with the largest supplier accounting for **26%** of total purchases and the top five customers representing **70%** of total sales Supplier and Customer Concentration | Category | Percentage | | :--- | :--- | | Largest Supplier | 26% | | Top Five Suppliers | 55% | | Largest Customer | 29% | | Top Five Customers | 70% | [Shareholders' Equity](index=22&type=section&id=%E8%82%A1%E6%9D%B1%E6%AC%8A%E7%9B%8A) This section details shareholdings of directors and major shareholders as of March 31, 2025, with Chairman Mr. Li Man Kwong holding **10,000 shares** and Mr. Ng Man Chan and Ms. Li Mei Lai collectively being the largest shareholders with **26.10%** - Chairman Mr. Li Man Kwong beneficially owns **10,000** ordinary shares, representing approximately **0.0006%** of the issued share capital[88](index=88&type=chunk) Major Shareholders' Shareholdings (as at March 31, 2025) | Shareholder Name | Number of Shares Held (Long Position) | Approximate Percentage of Issued Share Capital | | :--- | :--- | :--- | | Spring Global Enterprises Limited | 280,000,000 | 17.36% | | Ng Man Chan | 420,988,000 | 26.10% | | Li Mei Lai | 420,988,000 | 26.10% | | Ample Consulting (Hong Kong) Limited | 103,826,000 | 6.44% | [Environmental, Social and Governance Report](index=24&type=section&id=%E7%92%B0%E5%A2%83%E3%80%81%E7%A4%BE%E6%9C%83%E5%8F%8A%E7%AE%A1%E6%B2%BB%E5%A0%B1%E5%91%8A) [Environment](index=29&type=section&id=%E7%92%B0%E5%A2%83) The Group is committed to sustainability, setting 2030 environmental targets for energy, water, waste, and GHG emissions, achieving significant reductions in air pollutant and Scope 1 GHG emissions this year 2030 Environmental Target Progress (Compared to 2022 Baseline) | Category | 2030 Target | 2025 Result | | :--- | :--- | :--- | | Electricity Consumption Intensity (MWh/sqm) | -5% | 0.20 (In progress) | | Water Consumption Intensity (cubic meters/sqm) | -5% | 2.05 (Achieved) | | Non-Hazardous Waste Generation Intensity (tonnes/sqm) | -5% | 0.014 (In progress) | | GHG Emission Intensity (tonnes CO2e/sqm) | -5% | 0.13 (In progress) | Air Pollutant and GHG Emission Performance | Emission Type | Unit | 2025 | 2024 | | :--- | :--- | :--- | :--- | | Nitrogen Oxides (NOx) | kg | 6.42 | 27.93 | | Sulfur Oxides (SOx) | kg | 0.16 | 0.74 | | Particulate Matter (PM) | kg | 0.47 | 2.06 | | Total GHG Emissions | tonnes CO2e | 1,663.97 | 2,293.88* | - Significant reductions in air pollutant and Scope 1 GHG emissions are primarily attributed to reduced vehicle mileage, as Hong Kong office vehicles are now restricted to local use[120](index=120&type=chunk)[124](index=124&type=chunk) [Society](index=38&type=section&id=%E7%A4%BE%E6%9C%83) The Group prioritizes talent management, diversity, and competitive compensation, reducing employee turnover to **19%** and achieving **82%** training participation, while maintaining strong health, safety, supply chain, and anti-corruption standards Employee Turnover Rate | Category | 2025 | 2024 | | :--- | :--- | :--- | | Total Turnover Rate | 19% | 31% | | By Region - China | 20% | 33% | | By Region - Hong Kong | 18% | 9% | Health and Safety Indicators | Metric | 2025 | 2024 | 2023 | | :--- | :--- | :--- | :--- | | Work-Related Fatalities (number of cases) | 0 | 0 | 0 | | Lost Days Due to Work Injury (days) | 48 | 40 | 9 | Employee Training Statistics | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Percentage of Employees Trained | 82% | 66% | | Average Training Hours | 3.88 | 0.78 | - During the reporting period, the Group received no complaints regarding customer privacy breaches, data leakage, or loss, nor any product recalls due to safety and health reasons[171](index=171&type=chunk)[172](index=172&type=chunk) [Corporate Governance Report](index=55&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E5%A0%B1%E5%91%8A) [Board and Committees](index=57&type=section&id=%E8%91%A3%E4%BA%8B%E6%9C%83%E8%88%87%E5%A7%94%E5%93%A1%E6%9C%83) The company maintains high corporate governance standards with a six-member board and three committees, though it deviates from the code by having the Chairman also serve as CEO - The company deviates from Corporate Governance Code provision C.2.1, as Chairman Mr. Li Man Kwong also serves as CEO, without an independent CEO appointment[186](index=186&type=chunk)[194](index=194&type=chunk) - The Board has an Audit Committee, Remuneration Committee, and Nomination Committee, each predominantly composed of Independent Non-Executive Directors with clear written terms of reference[207](index=207&type=chunk) - In September 2024, Ms. Lam Wing's appointment as an Independent Non-Executive Director diversified the Board's gender composition, meeting Listing Rules requirements[223](index=223&type=chunk) [Risk Management and Internal Control](index=68&type=section&id=%E9%A2%A8%E9%9A%AA%E7%AE%A1%E7%90%86%E5%8F%8A%E5%85%A7%E9%83%A8%E7%9B%A3%E6%8E%A7) The Board is ultimately responsible for the Group's risk management and internal control systems, which are reviewed annually by an external independent consultant and deemed effective and adequate for the year - The Group does not have an internal audit department; its risk management and internal control systems are reviewed annually by an external independent internal control consultant[236](index=236&type=chunk) - Supported by the Audit Committee and referencing the consultant's report, the Board considers the year's risk management and internal control systems effective and adequate, covering financial, operational, compliance, and ESG aspects[239](index=239&type=chunk) [Independent Auditor's Report](index=72&type=section&id=%E7%8D%A8%E7%AB%8B%E6%A0%B8%E6%95%B8%E5%B8%AB%E5%A0%B1%E5%91%8A%E6%9B%B8) [Audit Opinion](index=73&type=section&id=%E5%AF%A9%E8%A8%88%E6%84%8F%E8%A6%8B) Pacon CPA Limited issued an unmodified audit opinion on the Group's consolidated financial statements for the year ended March 31, 2025, affirming their fair presentation and compliance with HKFRS and Hong Kong Companies Ordinance - The auditor issued an unmodified audit opinion on the consolidated financial statements for the current year[260](index=260&type=chunk) [Key Audit Matters](index=73&type=section&id=%E9%97%9C%E9%8D%B5%E5%AF%A9%E8%A8%88%E4%BA%8B%E9%A0%85) The auditor identified two key audit matters: impairment assessment of property, plant, equipment, and intangible assets in the printing segment, and the Expected Credit Loss (ECL) assessment for trade receivables and joint venture loans - One key audit matter is the impairment assessment of property, plant and equipment, and intangible assets, particularly for the printing cash-generating unit, with an impairment loss of approximately **HKD 3.965 million** recognized this year[265](index=265&type=chunk)[266](index=266&type=chunk) - Another key audit matter is the Expected Credit Loss assessment for trade receivables and joint venture loans, involving significant judgment and high uncertainty[268](index=268&type=chunk)[269](index=269&type=chunk) [Audited Consolidated Financial Statements](index=78&type=section&id=%E7%B6%93%E5%AF%A9%E6%A0%B8%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8) [Consolidated Statement of Profit or Loss](index=79&type=section&id=%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E8%A1%A8) For the year ended March 31, 2025, revenue decreased by **38.0%** to **HKD 53.1 million**, and the loss for the year expanded to **HKD 21.13 million**, resulting in a basic loss per share of **1.31 HK cents** Consolidated Statement of Profit or Loss Key Data (HKD thousand) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Revenue | 53,097 | 85,584 | | Gross Profit | 10,224 | 17,721 | | Loss Before Tax | (21,285) | (11,873) | | Loss for the Year | (21,126) | (11,873) | | Basic Loss Per Share (HK cents) | (1.31) | (0.74) | [Consolidated Statement of Financial Position](index=81&type=section&id=%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) As of March 31, 2025, total assets were **HKD 104.9 million** and total liabilities were **HKD 32.4 million**, with total equity decreasing to **HKD 72.52 million** due to the annual loss and changes in asset composition Consolidated Statement of Financial Position Key Data (HKD thousand) | Item | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | Non-current Assets | 48,409 | 46,896 | | Current Assets | 56,505 | 78,213 | | **Total Assets** | **104,914** | **125,109** | | Current Liabilities | 31,395 | 31,282 | | Non-current Liabilities | 1,000 | 14 | | **Total Liabilities** | **32,395** | **31,296** | | **Total Equity** | **72,519** | **93,813** | [Consolidated Statement of Cash Flows](index=84&type=section&id=%E7%B6%9C%E5%90%88%E7%8F%BE%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Operating activities generated a net cash inflow of **HKD 0.226 million**, a significant improvement, but investing activities resulted in a **HKD 26.33 million** net outflow, leading to a **HKD 17.6 million** net decrease in cash and equivalents Consolidated Statement of Cash Flows Key Data (HKD thousand) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Net Cash From Operating Activities | 226 | (7,996) | | Net Cash Used in Investing Activities | (26,330) | (3,205) | | Net Cash From Financing Activities | 8,505 | (780) | | **Net Decrease in Cash and Cash Equivalents** | **(17,599)** | **(11,981)** | | Cash and Cash Equivalents at End of Period | 19,947 | 37,605 | [Notes to the Consolidated Financial Statements](index=86&type=section&id=%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8%E9%99%84%E8%A8%BB) The notes provide detailed explanations and supplementary information on financial statement items, covering key accounting policies, segment information, significant investments, litigation, related party transactions, and financial risk management [Note 6. Segment Information](index=108&type=section&id=Note%206.%20%E5%88%86%E9%83%A8%E8%B3%87%E6%96%99) The Group operates four segments: PCB, oil and energy trading, printing and packaging, and investment funds; printing and packaging generated the most revenue (**HKD 33.79 million**) but also the largest segment loss (**HKD 11 million**) 2025 Fiscal Year Performance by Business Segment (HKD thousand) | Business Segment | Segment Revenue | Segment Results | | :--- | :--- | :--- | | Manufacture and Trading of PCB | 19,308 | (1,215) | | Oil and Energy Products Trading | – | (1) | | Manufacture and Trading of Printing and Packaging Products | 33,789 | (10,997) | | Investment Funds | – | 10 | [Note 14. Interests in Joint Ventures and Loans to Joint Ventures](index=122&type=section&id=Note%2014.%20%E6%96%BC%E5%90%88%E7%87%9F%E4%BC%81%E6%A5%AD%E4%B9%8B%E6%AC%8A%E7%9B%8A%E5%8F%8A%E5%90%88%E7%87%9F%E4%BC%81%E6%A5%AD%E8%B2%B8%E6%AC%BE) The Group holds a **40%** interest in Noricap Fund, a joint venture that invested in a crypto automated trading platform, with a loan principal of **HKD 19.84 million** and cumulative impairment loss of **HKD 1.127 million** recognized - Joint venture Noricap Fund invested in a company providing cryptocurrency automated trading platform services, indirectly acquiring approximately **0.86%** equity in the investee[402](index=402&type=chunk) - As of March 31, 2025, a cumulative impairment loss of **HKD 1.127 million** was recognized on the loan to the joint venture[399](index=399&type=chunk)[400](index=400&type=chunk) [Note 34. Litigation](index=145&type=section&id=Note%2034.%20%E8%A8%B4%E8%A8%9F) The Group is involved in two significant litigations: defending against an injunction from Société Générale and pursuing a **HKD 14.57 million** deposit from the liquidated Inter-Pacific Group, which was fully impaired in prior years - The Group is defending against a lawsuit filed by Société Générale, believing it has reasonable grounds for defense[469](index=469&type=chunk)[473](index=473&type=chunk) - The Group is seeking to recover a **HKD 14.57 million** deposit from the liquidated Inter-Pacific Group, though this amount was fully impaired in the 2020 fiscal year[474](index=474&type=chunk)[477](index=477&type=chunk) [Note 37. Events After the Reporting Period](index=149&type=section&id=Note%2037.%20%E5%A0%B1%E5%91%8A%E6%9C%9F%E5%BE%8C%E4%BA%8B%E9%A0%85) Subsequent to the reporting period, in May 2025, the Group completed a significant investment, subscribing for approximately **15.12%** equity in Beijing Weihang Yining Health Management Group Co., Ltd. for **RMB 28.5 million** - In May 2025, the Group completed its investment in Beijing Weihang Yining Health Management Group Co., Ltd., holding approximately **15.12%** of its enlarged registered capital[484](index=484&type=chunk)

Financial Performance - Total revenue for the year ended March 31, 2025, was HKD 53,097,000, a decrease of 38% from HKD 85,584,000 in the previous year[2] - Gross profit for the year was HKD 10,224,000, down 42% from HKD 17,721,000 in the prior year[2] - The company reported a loss before tax of HKD 21,285,000, compared to a loss of HKD 11,873,000 in the previous year, representing an increase in losses of 79%[3] - The net loss for the year was HKD 21,126,000, which is an increase of 78% from HKD 11,873,000 in the previous year[3] - Basic and diluted loss per share was HKD 1.31, compared to HKD 0.74 in the previous year, indicating a 77% increase in loss per share[3] - The segment performance showed a pre-tax loss of HKD 21,285,000 for the year ending March 31, 2025, compared to a loss of HKD 11,873,000 in the previous year, indicating a worsening performance[12][13] - The company reported a pre-tax loss of HKD 21,126,000 for the year ended March 31, 2025, compared to a loss of HKD 11,873,000 for the previous year, representing an increase of 78.5%[23] - The company recorded an impairment loss of HKD 1,127,000 on joint venture loans for the year ended March 31, 2025, compared to HKD 1,093,000 in the previous year[26] - The group recorded a net loss of approximately HKD 21,100,000 for the year, an increase from last year's net loss of approximately HKD 11,900,000[51] - The group's gross profit decreased to approximately HKD 10,200,000, down from approximately HKD 17,700,000 last year, reflecting a significant decline[51] Assets and Liabilities - Non-current assets decreased to HKD 48,409,000 from HKD 46,896,000, reflecting a slight increase of 3%[5] - Current assets decreased significantly to HKD 56,505,000 from HKD 78,213,000, a decline of 28%[5] - Total liabilities remained relatively stable at HKD 31,395,000 compared to HKD 31,282,000 in the previous year[5] - The company's total equity decreased to HKD 72,519,000 from HKD 93,813,000, a decline of 23%[5] - The company’s total liabilities as of March 31, 2025, were HKD 32,395,000, compared to HKD 31,296,000 in the previous year, showing a slight increase[14][15] - Current liabilities increased significantly from HKD 134,000 to HKD 20,177,000, indicating a substantial rise in financial obligations[32] - The net asset value dropped from HKD 995,000 to HKD 471,000, representing a decrease of about 52.7%[32] Revenue Breakdown - The company recognized revenue from manufacturing and trading of printed and packaging products amounting to HKD 33,789,000, down 43% from HKD 59,036,000 in the previous year[9] - Revenue from major customer A in the manufacturing and trading of printed and packaging products was HKD 35,229,000 for the year ending March 31, 2024, compared to HKD 15,600,000 in the previous year, reflecting a significant increase[12][13] - Revenue from Europe decreased to HKD 13,910,000 in 2025 from HKD 19,584,000 in 2024, a decline of approximately 29%[16] - Revenue from the printing business decreased from approximately HKD 59,000,000 to HKD 33,800,000, a decline of 42.7%[48] - Revenue from the circuit board business decreased from approximately HKD 26,500,000 to HKD 19,300,000, a reduction of about HKD 7,200,000[48] - The group's revenue from the circuit board business for the year was approximately HKD 19,300,000, a decrease of 27.2% compared to last year's revenue of approximately HKD 26,500,000[49] Cost and Expenses - Employee costs (excluding directors' remuneration) decreased from HKD 26,688,000 in 2024 to HKD 23,099,000 in 2025, a reduction of approximately 17.5%[22] - The cost of inventory significantly decreased from HKD 67,863,000 in 2024 to HKD 42,873,000 in 2025, reflecting a decline of about 36.9%[22] - The total employee cost, including directors' remuneration, was approximately HKD 24,500,000 for the year, down from approximately HKD 29,200,000 in the previous year[58] - The remuneration for key management personnel decreased from HKD 5,423,000 to HKD 3,798,000, a reduction of approximately 30%[38] - Interest expenses remained stable at HKD 119,000 for both years reported[33] Investments and Joint Ventures - The joint venture Noricap Fund agreed to acquire Full Smart Inc Limited for approximately USD 3.7 million (equivalent to about HKD 28,775,000)[28] - As of March 31, 2025, the company had a total of HKD 18,717,000 in joint venture loans, with a fixed annual interest rate of 1%[25] - The company has agreed to invest RMB 28,500,000 (approximately HKD 30,495,000) for a 15.12% stake in Beijing Weihang Yining Health Management Group, focusing on AI medical systems[63] - The company has invested approximately HKD 19,800,000 in Noricap Fund, which is actively seeking investment opportunities[71] - Noricap Fund has conditionally agreed to invest approximately HKD 18,100,000 in a company providing cryptocurrency automated trading platform services, acquiring about 0.86% equity[71] Corporate Governance and Future Outlook - The company has complied with all applicable corporate governance codes, except for the separation of roles between the chairman and CEO[73][74] - No significant events have occurred after the reporting period up to the announcement date[76] - The preliminary financial results for the year ending March 31, 2025, have been reviewed by the auditor, confirming consistency with the audited consolidated financial statements[79] - The annual report will include all information required by listing rules and will be distributed to shareholders at the appropriate time[80] - The board of directors consists of one executive director, two non-executive directors, and three independent non-executive directors[82] - The group anticipates that the global trade tensions will continue to impact its business operations[48] - There are no specific plans for significant investments or capital asset acquisitions in the next twelve months[64] - Sales in the circuit board segment decreased in Q1 2025 compared to the same period last year due to cautious customer behavior amid trade tensions, but sales are expected to improve as tensions ease[65] - The printing business also experienced a decline in sales in Q1 2025, but management anticipates stabilization in the next six months based on new order trends[66] - The company is exploring trade opportunities in oil and energy products and has signed a non-binding memorandum of understanding to establish a joint venture for trading energy-related products[69]

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 37,412,000, a slight increase of 0.3% compared to HKD 37,288,000 in the same period of 2023[4] - Gross profit increased to HKD 9,079,000, representing a 12.6% increase from HKD 8,064,000 year-on-year[4] - The net loss for the period was HKD 4,302,000, a decrease of 10.9% from a loss of HKD 4,829,000 in the previous year[5] - Basic and diluted loss per share improved to HKD 0.27 from HKD 0.30, reflecting a 10% reduction in loss per share[4] - The company reported a pre-tax loss of HKD 4,858,000 for the six months ended September 30, 2024, compared to a loss of HKD 4,829,000 in the same period last year[24] - The net loss for the period was approximately HKD 4,900,000, a decrease from HKD 4,300,000 in the same period last year[65] Cash Flow and Liquidity - Cash and cash equivalents increased to HKD 46,480,000 from HKD 37,605,000, showing a growth of 23.5%[6] - The company recorded a significant improvement in operating cash flow, generating HKD 9,379,000 compared to a negative cash flow of HKD 3,879,000 in the same period last year[9] - The net cash generated from operating activities resulted in an increase of HKD 8,932,000, compared to a decrease of HKD (6,734,000) in the previous year[12] - Cash and cash equivalents at the end of the reporting period were HKD 46,480,000, an increase from HKD 42,817,000 in the previous year[12] - The group’s cash and cash equivalents were approximately HKD 46,500,000 as of September 30, 2024, compared to HKD 37,600,000 on March 31, 2024[65] Revenue Breakdown - For the six months ended September 30, 2024, the revenue from the manufacturing and trading of printed and packaging products was HKD 24,930,000, a decrease of 8.0% from HKD 27,094,000 in 2023[20] - The revenue from the manufacturing and trading of circuit boards was HKD 12,482,000, an increase of 22.5% from HKD 10,194,000 in 2023[20] - Revenue from external customers in Hong Kong decreased to HKD 22,077,000, down 24.5% from HKD 29,252,000 in the previous year[28] - The revenue from the circuit board business was approximately HKD 12,500,000, representing a 22.6% increase from HKD 10,200,000 in the previous year[64] - The revenue from the printing business decreased by 8.1% to approximately HKD 24,900,000, down from HKD 27,100,000 in the same period last year[64] Assets and Liabilities - Total assets less current liabilities stood at HKD 89,959,000, down from HKD 93,827,000, indicating a decrease of 4.5%[6] - The company’s total assets as of September 30, 2024, amounted to HKD 117,951,000, while total liabilities were HKD 28,521,000[27] - As of September 30, 2024, trade receivables amounted to HKD 14,723, a decrease of 42% from HKD 25,394 as of March 31, 2024[48] - The provision for trade receivables decreased to HKD 266 as of September 30, 2024, from HKD 588 as of March 31, 2024, indicating improved credit quality[50] Expenses and Cost Management - The company reported a decrease in administrative expenses to HKD 13,081,000 from HKD 13,450,000, a reduction of 2.7%[4] - The company’s employee costs, including directors' remuneration, increased to HKD 15,148,000 from HKD 14,632,000 in the previous year[31] - Total expenditure on property, plant, and equipment for the six months ended September 30, 2024, was approximately HKD 31,000, significantly lower than HKD 2,498,000 for the same period in 2023[39] Corporate Governance and Compliance - The company has adopted the corporate governance code as a standard for its governance practices, ensuring compliance with all applicable provisions[79] - The board of directors has confirmed compliance with the standards set forth in the code of conduct for securities trading during the reporting period[85] - The company has appointed a new independent non-executive director and accepted the resignation of another independent non-executive director as of September 20, 2024[85] Legal and Regulatory Matters - The company received a claim from Société Générale's Singapore branch regarding a default on trade financing amounting to approximately $89,849,000[61] - A court ruling on July 10, 2020, reduced the total amount of restrained funds for the subsidiaries to approximately HKD 10,229,000[61] - The company has not reported any further updates regarding the litigation as of the report date[62] Future Outlook and Strategy - The company does not plan any significant investments or capital asset acquisitions in the next twelve months[26] - The company is committed to cost control measures and expanding its customer base across all business segments[71][72] - The company is actively seeking trade opportunities with reliable partners to restore its trading business, having signed a non-binding memorandum of understanding on May 22, 2023, to establish a joint venture for energy and resource-related products and commodity trading[76]

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 37,412,000, a slight increase of 0.3% compared to HKD 37,288,000 in the same period of 2023[5] - Gross profit increased to HKD 9,079,000, representing a 12.6% increase from HKD 8,064,000 year-on-year[5] - The net loss for the period was HKD 4,302,000, an improvement from a net loss of HKD 4,829,000 in the previous year, reflecting a decrease of 10.9%[7] - Other income rose to HKD 2,068,000, up 3.5% from HKD 1,998,000 in the same period last year[5] - The company reported a basic and diluted loss per share of HKD 0.27, an improvement from HKD 0.30 in the previous year[5] - The company reported an overall pre-tax loss of HKD 4,305,000 for the period, compared to a loss of HKD 4,829,000 in the previous year[34][38] - For the six months ended September 30, 2024, the company reported a loss attributable to owners of the company of HKD 4,302,000, compared to a loss of HKD 4,829,000 for the same period in 2023, representing a 10.9% improvement in loss[62] - The basic loss per share for the six months ended September 30, 2024, was HKD 0.27, compared to HKD 0.30 for the same period in 2023, indicating a decrease of 10% in loss per share[62] - The total net loss decreased to approximately HKD 4,300,000 from HKD 4,900,000 in the previous year[97] Revenue Breakdown - Revenue for the manufacturing and trading of printed and packaging products was HKD 24,930,000, a decrease of 8% from HKD 27,094,000 in the previous year[36] - Revenue from external customers in Hong Kong decreased to HKD 22,077,000 from HKD 29,252,000, representing a decline of 24%[47] - The revenue from the circuit board business was approximately HKD 12,500,000, representing a 22.6% increase from HKD 10,200,000 in the previous year[93] - The printing business recorded revenue of approximately HKD 24,900,000, a decrease of 8.1% from HKD 27,100,000 in the same period last year[93] Assets and Liabilities - Trade receivables decreased significantly to HKD 14,543,000 from HKD 24,836,000, a reduction of 41.5%[9] - Cash and cash equivalents increased to HKD 46,480,000, up 23.4% from HKD 37,605,000 as of March 31, 2024[9] - Total assets less current liabilities stood at HKD 89,959,000, down from HKD 93,827,000, indicating a decrease of 4.3%[9] - Non-current assets in China amounted to HKD 25,536,000, a decrease from HKD 26,749,000 as of March 31, 2024[47] - The total assets allocated to reportable segments were HKD 117,951,000, while total liabilities were HKD 28,521,000 as of September 30, 2024[43] Operational Efficiency and Strategy - The company plans to continue focusing on its core business activities, including manufacturing and trading of printed circuit boards and energy products[30] - The board has reviewed the interim results and is committed to improving operational efficiency and exploring new market opportunities[4] - The circuit board division's performance improved due to effective supplier management, but demand is expected to remain suppressed due to slow global economic recovery[114] - The printing division demonstrated resilience despite facing pressure from weak demand and intense competition, with ongoing cost control measures and inventory optimization[115] - The oil and energy products trading division is actively seeking trade opportunities with reliable partners, with a focus on establishing a joint venture for energy and resource-related products[118] Employee and Operational Costs - The company’s employee costs, including directors' remuneration, increased to HKD 15,148,000 for the six months ended September 30, 2024, from HKD 14,632,000 in the same period last year, marking an increase of 3.5%[62] - The total employee cost for the period was approximately HKD 15,100,000, an increase from HKD 14,600,000 for the same period last year[106] Investments and Acquisitions - The company is in the process of acquiring Full Smart Inc Limited for approximately USD 3,700,000 (approximately HKD 28,736,000), with a refundable deposit of HKD 13,260,000 already paid[69] - The investment fund division entered into a joint venture agreement to acquire 40% equity in Noricap Fund, which is actively seeking investment opportunities[119] - A loan of approximately HKD 19,800,000 was provided to Noricap Fund for temporary investments, with ongoing work to establish a special purpose fund[121] - The board believes that providing shareholder loans for agreed investments will maximize returns and diversify the group's business and revenue sources[122] Shareholder Information - As of September 30, 2024, a director holds 10,000 shares, representing approximately 0.0006% of the issued share capital[126] - As of September 30, 2024, the company has a total of 1,613,287,570 issued shares[132] - Spring Global Enterprises Limited holds 280,000,000 shares, representing 17.36% of the issued share capital[131] - Wu Wencan and his spouse Li Meili jointly hold 420,988,000 shares, accounting for 26.1% of the issued share capital[131] - Anbo Consulting (Hong Kong) Limited is an investment manager holding 103,826,000 shares, which is 6.44% of the issued share capital[131] Compliance and Governance - The interim results for the period were not audited by external auditors but were reviewed by the company's audit committee[136] - The interim report for the six months ending September 30, 2024, will be distributed to shareholders and published on the company's website[137] - The board of directors confirmed compliance with the standard code of conduct for securities trading during the reporting period[134] - The company has no treasury shares as of September 30, 2024[133]

Revenue Performance - The group's total revenue for the year was approximately HKD 85,600,000, an increase of about 2.1% from last year's HKD 83,800,000[23] - Revenue from the printing business increased from approximately HKD 53,000,000 last year to about HKD 59,000,000 this year, an increase of approximately HKD 6,000,000[23] - The group reported a total revenue of HKD 85,584,000 for the fiscal year ending March 31, 2024, compared to HKD 83,758,000 for the previous year, reflecting an increase of approximately 2.2%[86] - Revenue from the manufacturing and trading of printed products in Hong Kong reached HKD 53,384,000, contributing significantly to the overall revenue[86] - Revenue from the manufacturing and trading of printed circuit boards generated revenue of HKD 26,548,000, down from HKD 30,801,000, reflecting a decrease of 13.3%[116] - Revenue from the manufacturing and trading of printed and packaging products increased to HKD 59,036,000 from HKD 52,957,000, marking an increase of 11.8%[116] - Revenue from external customers for 2024 reached HKD 85,584,000, a slight increase of 2.2% from HKD 83,758,000 in 2023[179] - Revenue breakdown by region shows significant growth in Hong Kong, with earnings of HKD 57,376,000, up 24.6% from HKD 46,054,000 in 2023[179] - European revenue increased by 64.2% to HKD 19,584,000 from HKD 11,926,000 in the previous year[179] - North American revenue saw a decline of 95.1%, dropping to HKD 637,000 from HKD 12,979,000[179] Profitability and Loss - The group's gross profit margin improved to approximately 20.7%, up from about 19.1% last year[25] - The printing business recorded a segment profit of approximately HKD 2,100,000, compared to a segment loss of about HKD 800,000 last year[24] - The group recorded a total net loss of approximately HKD 11.9 million for the year, a decrease from a net loss of approximately HKD 26 million in the previous year[48] - The group's gross profit increased to approximately HKD 17.7 million, compared to approximately HKD 16 million in the previous year, reflecting an increase of about HKD 1.7 million[48] - The total comprehensive loss for the year was HKD 12,101,000, compared to HKD 26,747,000 in the previous year, showing a reduction of 54.8%[105] - The company reported a pre-tax loss of HKD 11,873,000 for the fiscal year ending March 31, 2024, compared to a loss of HKD 25,868,000 in the previous year, indicating a significant improvement[132] - The company incurred a loss attributable to owners of the company of HKD 11,873,000 for the current year, a significant improvement from the loss of HKD 26,017,000 in the previous year[99] - The company’s net loss for the year was HKD 11,873,000, compared to a net loss of HKD 26,017,000 in the previous year, showing a reduction in losses[132] Financial Position - The capital debt ratio decreased to 0.3% as of March 31, 2024, down from 1.0% in 2023, primarily due to a reduction in lease liabilities of approximately HKD 800,000[26] - The current ratio as of March 31, 2024, was 2.50 times, compared to 2.47 times in 2023[26] - The company’s total liabilities amounted to HKD 31,296,000, with total assets of HKD 125,109,000, indicating a healthy asset-to-liability ratio[89] - The company’s total assets decreased to HKD 78,213,000 from HKD 94,673,000, a decline of about 17% year-over-year[134] - The company’s total liabilities decreased to HKD 31,282,000 from HKD 38,376,000, a reduction of approximately 18%[134] Cash Flow and Investments - As of March 31, 2024, the group's cash and bank balances totaled approximately HKD 37.6 million, down from approximately HKD 49.6 million as of March 31, 2023[49] - The group provided a loan of approximately HKD 19.8 million to Noricap Fund for temporary investments aimed at achieving stable returns[40] - The group has agreed to liquidate temporary investments early due to global economic uncertainties, seeking other risk-adjusted return opportunities[67] - The group’s cash and cash equivalents at the end of the reporting period amounted to HKD 799,000[82] Employee Costs - Total employee costs for the year, including directors' remuneration, were approximately HKD 29,200,000, down from about HKD 33,900,000 last year[31] - Employee costs (excluding directors' remuneration) decreased to HKD 24,585,000 from HKD 28,769,000, reflecting a reduction of 14.3%[181] Corporate Governance and Compliance - The group has complied with all applicable corporate governance code provisions, except for the separation of the roles of Chairman and CEO, which are held by the same individual[68] - The group’s financial statements have been reviewed by its auditor, confirming consistency with the preliminary performance announcement[71] - The group’s operations are delegated to executive directors and senior management, ensuring effective promotion of business development[68] Future Outlook and Strategic Initiatives - The group is actively exploring trade opportunities and intends to resume its trading business, having signed a non-binding memorandum of understanding with an independent third party to establish a joint venture for energy and resource-related products trading[39] - The board anticipates that demand for circuit board products will continue to be under pressure due to the slow global economic recovery and uncertainties in the macroeconomic environment[45] - The group has implemented cost control measures and inventory management optimization in response to continued pressure on demand due to the uncertain macroeconomic environment[45] - The group plans to closely monitor the establishment and development of special purpose funds as a favorable investment opportunity for future growth[68] Joint Ventures and Collaborations - The group has entered into a joint venture agreement to acquire a 40% stake in Noricap Fund, which focuses on investment holding and managing special purpose funds[61] - The group holds a 40% ownership interest in joint ventures, with a book value of HKD 477,000, down from HKD 635,000 in the previous year[186] - The group has no capital commitments or contingent liabilities related to joint ventures[190] Loss Provisions and Impairments - The group has recognized an increase in loss provisions amounting to HKD 1,093,000 for the fiscal year ending March 31, 2024[81] - The company recognized a net impairment loss of HKD 234,000 on trade receivables, compared to a reversal of HKD 248,000 in the previous year[110] - The group recorded a credit loss of approximately HKD 1,093,000 on joint venture loans for the year ending March 31, 2024, compared to no losses in 2023[188] Miscellaneous - The board does not recommend the payment of a final dividend for the year ending March 31, 2024, consistent with the previous year[56] - The group has not recorded any revenue or loss from its oil and energy products trading and related businesses since 2019, with no segment revenue or loss reported for the current year[46] - The company recorded interest income of HKD 250,000, an increase from HKD 176,000 in the previous year, marking a growth of about 42%[128] - The company’s government subsidies decreased to HKD 220,000 from HKD 431,000, reflecting a decline of about 49%[128]

Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 37,288,000, a decrease of 20.2% compared to HKD 46,756,000 in the same period of 2022[3] - Gross profit for the same period was HKD 8,064,000, down 12.4% from HKD 9,211,000 year-on-year[3] - The net loss for the period was HKD 4,829,000, significantly improved from a loss of HKD 20,190,000 in the previous year, representing a reduction of 76.1%[4] - Basic and diluted loss per share improved to HKD 0.30 from HKD 1.24 in the prior year[3] - The company reported a pre-tax loss of HKD 4,858,000 for the period, reflecting ongoing challenges in its operational segments[17] - The company incurred a loss before tax of HKD 20,219,000 for the six months ended September 30, 2023, compared to a loss of HKD 20,190,000 for the same period in 2022[25] - The total net loss decreased from approximately HKD 20.2 million in the previous year to about HKD 4.9 million in the current period[58] Revenue Breakdown - Revenue from the manufacturing and trading of printed and packaging products was HKD 27,094,000, down 15.9% from HKD 32,211,000 year-on-year[14] - The manufacturing and trading of circuit boards generated revenue of HKD 10,194,000, a decline of 30.1% compared to HKD 14,545,000 in the previous year[14] - The revenue from the circuit board business was approximately HKD 10.2 million, down 29.7% from HKD 14.5 million in the previous year[55] - The printing business generated revenue of approximately HKD 27.1 million, a decrease of 16.1% from HKD 32.3 million in the same period last year[55] - The oil and energy products trading segment has not recorded any revenue since 2019 due to its suspension[54] Assets and Liabilities - Total assets as of September 30, 2023, were HKD 100,719,000, compared to HKD 106,227,000 as of March 31, 2023[6] - The company’s total liabilities as of September 30, 2023, were HKD 28,256,000, a decrease from HKD 38,689,000 as of March 31, 2023[20] - Cash and cash equivalents decreased to HKD 42,817,000 from HKD 49,606,000 in the previous period[5] - Cash and cash equivalents at the end of the period stood at HKD 42,817,000, down from HKD 44,404,000 at the end of the previous period[9] - The total liabilities for trade payables decreased significantly to HKD 10,442,000 in September 2023 from HKD 22,272,000 in March 2023, a reduction of 53%[41] Operational Segments - The company has identified major operational segments including manufacturing and trading of circuit boards, oil and energy products, and investment funds[13][15] - The circuit board business recorded a segment loss of approximately HKD 1.8 million, compared to a segment loss of HKD 300,000 in the previous year, indicating an increase in losses[55] - The printing business reported a segment loss of approximately HKD 300,000, an improvement from a segment loss of HKD 800,000 in the previous year[56] - The decrease in revenue was primarily due to weak global economic recovery affecting customer demand[55] Cash Flow and Investments - The net cash used in investing activities was HKD 2,486,000, an improvement from HKD 10,451,000 in the prior period[9] - The net decrease in cash and cash equivalents was HKD 6,734,000, compared to a decrease of HKD 10,535,000 in the same period last year[9] - The group has no plans for significant investments or capital asset acquisitions in the next twelve months[67] - The group has invested approximately HKD 19,800,000 in shareholder loans to the joint venture, which is expected to provide maximum returns by investing in emerging industries such as energy and technology[80] Shareholder Information - As of September 30, 2023, the company has a total of 1,613,287,570 issued shares[89] - Spring Global Enterprises Limited holds 280,000,000 shares, representing 17.36% of the issued share capital[89] - Wu Wencan and Li Meili jointly hold 299,180,000 shares, accounting for 18.55% of the issued share capital[89] - The company’s major shareholders include Ample Cheer Limited and Jin Li Feng Financial Limited, each holding 120,068,000 shares, or 7.44% of the issued share capital[89] Corporate Governance - The audit committee reviewed the consolidated financial statements for the period, agreeing on all accounting treatment methods adopted[91] - The company has adopted a standard code of conduct for securities trading by its directors, with all directors confirming compliance during the period[88] - The company has not reported any changes in director information aside from those disclosed[90] - The board recommended not to declare an interim dividend for the period[70]

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告之內容概不負責， 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告全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 DAISHO MICROLINE HOLDINGS LIMITED 大 昌 微 綫 集 團 有 限 公 司* （於百慕達註冊成立之有限公司） （股份代號：0567） 中期業績公告 截至二零二三年九月三十日止六個月 ...

Economic Outlook - The global economic growth for 2023 is projected at 2.8%, down from 3.4% in 2022, indicating a potential slowdown in economic activity[5]. - The company anticipates continued pressure on demand for its products due to economic uncertainties, particularly in the line board business segment[68]. Business Segments Performance - The circuit board business segment is expected to improve as countries relax pandemic control measures, with demand for circuit boards under pressure due to COVID-19 and geopolitical conflicts[6]. - The printing business segment faced challenges with consumer sentiment and changing purchasing preferences, leading to a decline in downstream demand[7]. - The energy products segment maintained stable demand, with international crude oil prices remaining high and volatile, indicating ongoing trade opportunities[8]. - The printing business segment saw improved profitability due to stable raw material prices and cost control measures, although demand remains under pressure[69]. Financial Performance - The company reported a significant increase in revenue, achieving a total of HKD 1.2 billion for the fiscal year, representing a 15% year-over-year growth[17]. - The group's revenue for the year ended March 31, 2023, was HKD 83,758,000, a decrease of 21.4% from HKD 106,471,000 in 2022[87]. - The group reported a loss before tax of HKD 25,868,000 for the year, compared to a loss of HKD 29,149,000 in the previous year[87]. - The group incurred a net loss of HKD 26,017,000 for the year, compared to a net loss of HKD 29,128,000 in 2022[87]. Cost Control and Efficiency - A restructuring process is underway to improve the overall financial condition and cost efficiency of the company[10]. - The company will continue to implement cost control measures and optimize inventory management to enhance profitability in the printing segment[7]. - The group implemented cost control measures that resulted in a decrease in administrative expenses by approximately HKD 600,000 compared to last year[33]. Growth Strategies - The company plans to seek growth opportunities in various business sectors, including healthcare, amidst a complex global economic environment[11]. - The company aims to maximize shareholder value by adjusting operational strategies to seize market opportunities[5]. - A strategic acquisition of a local competitor is anticipated to enhance operational efficiency and increase market penetration[21]. Research and Development - Research and development expenditures increased by 30%, totaling HKD 150 million, to support new technology initiatives[21]. Market Expansion - The company is expanding its market presence in Southeast Asia, targeting a 25% market share in the region by 2025[21]. Sustainability Initiatives - The board of directors emphasized the importance of sustainability initiatives, aiming for a 50% reduction in carbon emissions by 2030[21]. - The company aims to reduce greenhouse gas emissions density by 4% by the fiscal year ending March 31, 2025, using 2022 as the baseline year[150]. - The company plans to lower hazardous waste density by 3% by the fiscal year ending March 31, 2025, with ongoing employee awareness activities[150]. Employee Management - The total number of employees is 290, a slight decrease from 292 in the previous year[175]. - The employee turnover rate decreased to 39% in 2023 from 47% in 2022, showing an improvement in employee retention[181]. - The company provides competitive compensation and additional benefits, including various types of leave, insurance, and bonuses[177]. Environmental Management - The company is committed to maintaining air pollutant emissions within government-established standards through regular vehicle maintenance and compliance with local regulations[153]. - The company has not reported any significant violations of environmental laws and regulations during the reporting period[152]. Governance and Compliance - The independent auditor for the group has remained unchanged for the past three years, ensuring consistency in financial reporting[129]. - The company has established a series of human resource management procedures to ensure compliance with labor laws and regulations, with no significant violations reported during the period[173].