Revenue Performance - Revenue from semiconductor distribution reached HKD 381,487,000, a slight increase of 0.16% compared to HKD 378,896,000 in the previous year[4] - Revenue from consumer products procurement business surged to HKD 23,799,000, up 234.5% from HKD 7,126,000 year-on-year[4] - Total revenue for the six months ended September 30, 2023, was HKD 405,739,000, representing an increase of 5.4% from HKD 386,222,000 in the same period last year[4] - Revenue for the six months ended September 30, 2023, was HKD 405.7 million, an increase from HKD 386.2 million in the same period of 2022, representing a growth of 5.0%[40] - Total revenue for the six months ended September 30, 2023, was HKD 405,739 thousand, compared to HKD 386,222 thousand for the same period in 2022, representing a growth of approximately 5.9%[60] - Semiconductor distribution segment revenue was HKD 378,896 thousand, contributing significantly to the total revenue[54] - The total revenue from customer contracts for the semiconductor distribution segment was HKD 381,487,000, while the procurement business generated HKD 23,799,000, leading to a total revenue of HKD 405,739,000[71] Profit and Loss - The company reported a net profit of HKD 31,639,000 for the six months ended September 30, 2023, down 17.9% from HKD 38,551,000 in the previous year[16] - The company's profit attributable to owners for the six months ended September 30, 2023, was HKD 31.6 million, down from HKD 38.6 million in the previous year, indicating a decrease of 18.2%[40] - The company reported a pre-tax profit of HKD 31,787 thousand for the six months ended September 30, 2023, down from HKD 38,637 thousand in the same period of 2022, indicating a decrease of approximately 17.5%[60] - The company reported a loss before interest and tax of HKD 15.6 million, compared to a loss of HKD 16.6 million in the same period last year, indicating an improvement[105] - The company incurred a loss of HKD 9,873 thousand in the venture capital segment for the six months ended September 30, 2023[54] - The venture capital business recorded a loss of HKD 7.6 million, an improvement from a loss of HKD 9.9 million in 2022, primarily due to fair value losses on financial assets[126] Dividends - The company declared an interim dividend of HKD 0.01 per share, significantly lower than HKD 0.04 per share in the previous year, with total dividends paid amounting to HKD 9,087,000[8] - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2023[8] - No interim dividend is recommended for the six months ending September 30, 2023[164] Assets and Liabilities - Total assets as of September 30, 2023, were HKD 1,803,816,000, an increase from HKD 1,753,589,000 as of March 31, 2023[2] - Total liabilities stood at HKD 170,241,000 as of September 30, 2023, compared to HKD 140,253,000 as of March 31, 2023[2] - Total non-current assets as of September 30, 2023, amounted to HKD 1,615.7 million, compared to HKD 1,547.0 million as of March 31, 2023, showing an increase of 4.4%[44] - The total equity as of September 30, 2023, was HKD 1,633.6 million, compared to HKD 1,613.3 million as of March 31, 2023, reflecting an increase of approximately 1.3%[59] - The debt-to-equity ratio increased to 3.1% as of September 30, 2023, compared to 1.2% as of March 31, 2023[59] - The company’s total assets increased to HKD 1,633,575,000 as of September 30, 2023, up from HKD 1,613,336,000 as of March 31, 2023[63] - The group recorded financial assets at fair value through profit or loss of approximately HKD 29,600,000 as of September 30, 2023, down from HKD 38,200,000 on March 31, 2023[147] Cash Flow - The net cash flow used in operating activities was HKD (67,721,000), a significant increase in cash outflow compared to HKD (1,166,000) in the previous period[65] - The financing activities generated a net cash inflow of HKD 20,414,000, contrasting with a net cash outflow of HKD (38,051,000) in the previous period[65] - The company’s cash and cash equivalents decreased to HKD 57,370,000 at the end of the period, down from HKD 112,506,000 at the beginning of the period[65] - The group’s cash and cash equivalents as of September 30, 2023, amount to HKD 57,400,000, a decrease from HKD 121,400,000 on March 31, 2023[161] Market and Industry Trends - The Southeast Asian e-commerce market is projected to grow at a compound annual growth rate (CAGR) of over 17% over the next five years, with a market value expected to reach USD 211 billion by 2025[110] - Global semiconductor revenue is projected to decline by 11.2% in 2023, totaling $599.6 billion, following a slight increase of 0.2% in 2022[116] - The smartphone market's continuous innovation is driving competition and may lead to further price reductions, increasing demand for semiconductors[123] - IDC forecasts a recovery in the smartphone industry in 2024, with an expected year-on-year growth of 4.5%[198] - The five-year compound annual growth rate (CAGR) for the smartphone industry is projected to be 1.7%[198] Corporate Governance and Management - The company continues to comply with the corporate governance code as per the listing rules, with minor deviations noted[111] - The board believes that combining the roles of chairman and CEO enhances operational efficiency and business strategy execution[143] - The company’s management confirmed compliance with the corporate governance code throughout the reporting period ending September 30, 2023[168] Employee and Operational Insights - The group employed approximately 135 full-time employees as of September 30, 2023, compared to 138 on March 31, 2023[142] - The company’s operating expenses for employee benefits were HKD 7.195 million, a decrease from HKD 7.744 million in the previous year, showing a reduction of about 7%[114] Strategic Initiatives - The company is actively exploring market expansion opportunities in Southeast Asia, leveraging the growing middle class and increasing internet penetration[110] - The company continues to focus on the development of its core semiconductor distribution business while adapting to industry trends and challenges[124] - The company is well-prepared to respond to market changes, leveraging its extensive brand resources and operational strategies[120] - The company’s digital transformation efforts are aimed at adapting to changing consumer demands in the retail sector[200]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責,對其準確性或完 整性亦不發表任何聲明,並明確表示,概不就因本公佈全部或任何部份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。 此廣告的中英的勳銜或榮銜 要細2pt,如下: SBS, JP, SBS,太平紳士 此廣告的人名「黎逸鴻」的 「逸」字客人要求艇仔邊要用 兩點,緊記要用以下造字: 逸 逸 >>> 截至二零二三年九月三十日止六個月之中期業績公佈 | 損益表重點 | | | |---------------------------------------------|------------------------|------------| | | 截至九月三十日止六個月 | | | | 二零二三年 | 二零二二年 | | | 百萬港元 | 百萬港元 | | 收益 | | | | -半導體分銷 | 381.4 | 378.9 | | -消費類產品及產品採購業務 | 23.8 | 7.1 | | -其他 | 0.5 | 0.2 | | | 405.7 | 386.2 | | 除利息、稅項、折舊及非現金項目前溢利╱(虧損) | ...

Financial Performance - Revenue for 2023 was HK$660.0 million, a decrease of 36.7% from HK$1,042.4 million in 2022[6] - Profit before interest, tax, depreciation, and non-cash items was HK$39.9 million, down 84.4% from HK$256.6 million in 2022[6] - Profit for the year attributable to owners of the Company was HK$40.7 million, a decline of 82.4% compared to HK$231.0 million in 2022[6] - Proposed final dividend is HK$9.1 million, down from HK$36.3 million in 2022, with a dividend per share of HK$1.0[6] - Gross profit for the year was around HK$4.3 million, a significant decline from HK$37.8 million in 2022[20] - The Group's profit before interest and tax was HK$40.7 million, significantly lower than HK$236.0 million in the previous year[37] - Profit before tax for the same period was HK$40,841,000, down 82.7% from HK$236,034,000 in 2022[174] - The profit for the year attributable to owners of the company was HK$40,718,000, a decline of 82.4% compared to HK$231,021,000 in 2022[174] Assets and Liabilities - Total assets increased to HK$1,753.6 million in 2023 from HK$1,745.5 million in 2022[9] - Total equity decreased slightly to HK$1,613.3 million in 2023 from HK$1,622.0 million in 2022[9] - Cash and cash equivalents decreased to HK$121.4 million in 2023 from HK$152.2 million in 2022[9] - Total debt to total equity ratio increased to 1.2% in 2023 from 0.5% in 2022[9] - Current assets to current liabilities ratio decreased to 164.3% in 2023 from 239% in 2022[9] - Current assets decreased to HK$206.6 million in 2023 from HK$258.6 million in 2022, a reduction of approximately 20.1%[94] - The Group's net current assets fell to HK$80.9 million in 2023 from HK$150.2 million in 2022, representing a decline of about 46.1%[94] - Financial assets at fair value through profit or loss were approximately HK$38.2 million as of March 31, 2023, down from HK$53.9 million in 2022, a decrease of around 29.1%[96] - Total liabilities increased to HK$140,253,000 from HK$123,426,000 in 2022, resulting in net assets of HK$1,613,336,000[176] Market Trends and Economic Outlook - The global semiconductor revenue is projected to decline by 11.3%, from US$599.6 billion in 2022 to US$532.0 billion in 2023[23] - The International Monetary Fund predicts a decrease in global economic growth from 3.4% in 2022 to 2.8% in 2023, with advanced economies expected to slow from 2.7% to 1.3%[20] - The ongoing geopolitical instability and inflationary pressures are expected to dampen growth in the short term[25] - Global smartphone sales declined by 11.3% in 2022, totaling 1.21 billion units, impacting the semiconductor market[39] - The overall economic environment remains uncertain, with geopolitical tensions and inflation continuing to pose risks to growth[36] - The ongoing pandemic and geopolitical tensions have contributed to a deteriorating outlook for global economic growth, prompting the Group to invest resources in addressing these challenges[80][83] Business Strategy and Operations - The Group is focusing on expanding its e-commerce operations, particularly in Southeast Asia, to align with emerging consumer market trends[24] - Marketing and sales operations in Indonesia have been strengthened, with a wider range of products tailored to local requirements[24] - The Group aims to enhance internal management and efficiency to adapt to market fluctuations and capitalize on opportunities[25] - The Group is committed to developing a diverse array of high-quality, tech-savvy consumer products and introducing premium brand partners[24] - The Group aims to consolidate its market position and maintain competitive advantages while delivering reasonable returns to shareholders[81][84] - The Group is committed to focusing on the development of its core semiconductor distribution business and will monitor industry trends to identify new growth opportunities[74][76] - The Group has been expanding its e-commerce presence in Southeast Asia, particularly in Indonesia, which is expected to yield substantial advantages for its consumer product business[79][82] - The Group's operational foundation in e-commerce is gradually stabilizing, indicating potential for future growth in the consumer product and sourcing business[79][82] Governance and Management - The management team includes Mr. Chan Chi Hang as Chief Financial Officer since August 2015, with extensive experience in accounting and auditing[120] - Mr. Lai Yat Hung Edmund has been an Independent Non-executive Director since 2019, with over 30 years of experience in finance and treasury management[119] - Dr. Lui Ming Wah has served as an Independent Non-executive Director since 1996, contributing significant industrial experience[113] - The management team emphasizes the importance of risk management and financial oversight in its operations[121] - The company continues to strengthen its governance structure with experienced directors and management[118] Shareholder Information - A final dividend of HK$0.01 per share has been recommended for the year ended March 31, 2023, down from HK$0.04 in 2022[152] - The total proposed dividend amounts to approximately HK$9.1 million based on 908,663,302 shares in issue[153] - Distributable reserves as of March 31, 2023, were approximately HK$443,885,000, down from HK$467,317,000 in 2022[164] - The Company has adopted a share option scheme for its subsidiary, 830 Lab, which includes interests in share options granted to Mr. Sunny So[196] - The Company provides a competitive remuneration package to eligible employees, including medical and retirement benefits[186] - The remuneration of Directors is recommended by the remuneration committee and approved by the Board, considering their skills and contributions[186] Risk Management - The Group has implemented monitoring procedures to minimize credit risk and ensure adequate impairment losses for irrecoverable amounts[138] - The Group is exposed to interest rate risk due to floating interest rates on bank borrowings and monitors this exposure closely[140] - The Group maintains a level of cash and cash equivalents deemed adequate to finance operations and mitigate cash flow fluctuations[139] - The Group is committed to environmental sustainability and complies with all relevant laws and regulations regarding environmental protection[142] - There were no material disputes with key stakeholders during the year under review, indicating effective communication and relationships[151]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責,對其準確性或完 整性亦不發表任何聲明,並明確表示概不就因本公佈全部或任何部份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。 截至二零二三年三月三十一日止年度之全年業績公佈 | 損益表重點 | | | |---------------------------------------------------|------------|------------| | | 二零二三年 | 二零二二年 | | | 百萬港元 | 百萬港元 | | 收益 | | | | -半導體分銷 | 634.3 | 1,012.7 | | -消費類產品及產品採購業務 | 24.7 | 29.0 | | -創投 | – | – | | -其他 | 1.0 | 0.7 | | | 660.0 | 1,042.4 | | 除利息、稅項、折舊、攤銷及非現金項目前溢利╱(虧損) | | | | -公司 | (26.9) | (26.6) | | -創投 | (18.9) | 11.3 | | -半導體分銷 | 102.8 | 285.2 | | -消費類產品及產 ...

Financial Performance - Revenue for the six months ended September 30, 2022, was HKD 386.2 million, a decrease of 15.7% from HKD 458.4 million in 2021[2] - The company's net profit attributable to shareholders for the period was HKD 38.6 million, compared to HKD 126.6 million in the same period last year, representing a decline of 69.5%[2] - The gross loss for the six months was HKD 4.2 million, compared to a gross profit of HKD 20.16 million in the same period last year[12] - The total comprehensive income attributable to shareholders for the period was HKD 32.231 million, significantly lower than HKD 124.886 million in the previous year[15] - The company reported a basic earnings per share of HKD 0.0424, down from HKD 0.1394 in the previous year[10] - The total revenue for the six months ended September 30, 2022, was HKD 376.3 million, a decrease of approximately 17.7% compared to HKD 457.4 million in the same period of 2021[99] - The venture capital segment recorded a loss of HKD 9.9 million, compared to a loss of HKD 1.0 million in 2021, indicating a worsening performance[99] Segment Performance - Semiconductor distribution segment generated a profit of HKD 72.1 million, down from HKD 156.9 million in the previous year[2] - Semiconductor distribution segment revenue was HKD 378,896,000, down 14.3% from HKD 442,078,000 year-over-year[49] - Procurement business revenue decreased to HKD 7,126,000 from HKD 15,923,000, representing a decline of 55.3%[49] - The semiconductor distribution business generated revenue of HKD 378.9 million, down from HKD 442.1 million in 2021, reflecting a significant decline in chip sales prices[99][100] - The company's share of profit from its joint venture, Tongyi Group, decreased significantly, with revenue falling 21.3% to HKD 10.685 billion from HKD 13.582 billion in 2021[101] Assets and Liabilities - Total assets as of September 30, 2022, were HKD 1,723.6 million, a slight decrease from HKD 1,745.5 million as of March 31, 2022[4] - Total liabilities were reported at HKD 105,682,000, compared to HKD 123,426,000 as of March 31, 2022[44] - Trade receivables, net of impairment, were HKD 40,297,000, down from HKD 53,203,000 as of March 31, 2022[70] - The fair value of listed equity investments as of September 30, 2022, was HKD 1,143,000, down from HKD 1,635,000 as of March 31, 2022[82] - The fair value of listed bond investments as of September 30, 2022, was HKD 629,000, a decrease from HKD 1,186,000 as of March 31, 2022[82] Cash Flow and Liquidity - Cash and cash equivalents decreased to HKD 112.5 million from HKD 152.2 million, reflecting a reduction in liquidity[4] - The net cash used in operating activities for the six months ended September 30, 2022, was HKD (1,166,000), a significant decrease from HKD 24,709,000 in the previous year[28] - The total cash and cash equivalents at the end of the period were HKD 112,506,000, down from HKD 120,799,000 at the end of the previous period, indicating a decrease of approximately 6.7%[28] - The current ratio of the group was 210% as of September 30, 2022, compared to 239% on March 31, 2022, indicating a decrease in liquidity[120] Investment Activities - The company engaged in investment activities, receiving HKD 23,214,000 from the sale of investment properties during the reporting period[28] - The group expects to record an unaudited gain of approximately HKD 20,464,000 from the sale of an office unit in Singapore, with a cash consideration of SGD 4,100,480 (approximately HKD 22,348,000)[91] - The group aims to maintain a prudent investment strategy in its venture capital business to achieve stable returns amid significant market volatility[109] Market Outlook and Strategy - The management remains optimistic about future growth prospects, aiming to leverage its investment activities for capital gains in the upcoming periods[33] - The company plans to focus on expanding its semiconductor distribution business and exploring new market opportunities[3] - The company is actively pursuing market expansion strategies, particularly in the semiconductor and consumer products sectors, to enhance its competitive position[33] - The company plans to continue expanding its business in Southeast Asia, leveraging the growth of the electronic economy in the region[104] - The semiconductor distribution business is closely monitoring market developments and adjusting resources to respond to short-term fluctuations in demand[103] Shareholder Information - Dr. Su Yu-Jun holds a beneficial interest in 507,275,468 shares of the company, representing approximately 61.56% of the issued share capital[127] - Mr. Su Chi-Shen has a beneficial interest in 220,000 shares of 830 Lab Limited, representing approximately 30.98% of the issued share capital of that subsidiary[128] - The company declared an interim dividend of HKD 0.01 per share, totaling approximately HKD 9,087,000, consistent with the previous year's interim dividend[64] - Major shareholders include BKS with 410,507,602 shares (45.18%) and Jade Concept with 96,767,866 shares (10.65%) [140] Corporate Governance - The company has complied with the corporate governance code, except for the combined roles of Chairman and CEO held by Dr. Su [145] - The audit committee, consisting of three independent non-executive directors, reviewed the financial reporting procedures and internal controls [147] - The board consists of three executive directors and three independent non-executive directors, ensuring a balanced power structure [152]

Financial Performance - Revenue for 2022 was HK$1,042.4 million, a decrease of 16.0% from HK$1,241.2 million in 2021[6]. - Profit for the year attributable to owners of the Company was HK$231.0 million, down from HK$269.8 million in 2021, representing a decline of 14.3%[6]. - The Group recorded a revenue of approximately HK$1,042.4 million for the year ended 31 March 2022, a decrease of 16.0% compared to HK$1,241.2 million in 2021[19]. - Profit attributable to owners of the Company was approximately HK$231.0 million, down 14.4% from HK$269.8 million in the previous year[19]. - Gross profit for the year was approximately HK$37.8 million, a decline of 31.3% from HK$55.0 million in 2021[19]. - Profit before tax for 2022 was HK$236,034,000, down 14.7% from HK$276,718,000 in 2021[152]. Dividends - Proposed final dividend is HK$36.3 million, an increase from HK$27.3 million in 2021, reflecting a growth of 33.0%[6]. - Proposed final dividend per share is 4.0 HK cents, up from 3.0 HK cents in 2021, representing a 33.3% increase[6]. - The total proposed dividend amounts to approximately HK$36.3 million based on 908,663,302 shares in issue as of the report date[135]. - The Group's profit for the year ended 31 March 2022 was reported, with a final dividend recommended at HK$0.04 per share, up from HK$0.03 in 2021[134]. Assets and Equity - Total assets increased to HK$1,745.5 million in 2022, up from HK$1,586.6 million in 2021, marking a growth of 10.0%[8]. - Total equity rose to HK$1,622.0 million, compared to HK$1,425.0 million in 2021, indicating an increase of 13.8%[8]. - The company reported a significant increase in total assets over the past four years, rising from HK$1,317,018,000 in 2019 to HK$1,745,464,000 in 2022[152]. Cash and Liquidity - Cash and cash equivalents increased to HK$152.2 million from HK$124.3 million in 2021, a growth of 22.5%[8]. - The liquidity ratio improved to 239% as of March 31, 2022, compared to 175% in the previous year, indicating a stronger liquidity position[76]. - The Group's net current assets as of March 31, 2022, were HK$150.2 million, an increase from HK$110.6 million in the previous year, showing a growth of 35.8%[77]. - The Group maintains a level of cash and cash equivalents deemed adequate to finance operations and mitigate cash flow fluctuations[120]. Business Operations and Strategy - The Company plans to invest more resources in Southeast Asia's e-commerce markets, expanding product categories and introducing premium brand partners[25]. - The Company aims to increase its market share in consumer products and product sourcing by leveraging opportunities in Southeast Asia's e-commerce market[25]. - The Group's performance is sensitive to technology changes and market trends, which may materially affect business performance[110]. - The Group aims to achieve stable growth by consolidating its market position and maintaining competitive advantages amid a complex global political and economic environment[65]. Market Conditions - The global economy is expected to continue growing in 2022, but the growth rate is anticipated to slow down due to geopolitical instability and supply chain disruptions[27]. - Geopolitical issues and inflation are expected to negatively impact global economic recovery, with a forecasted decline of 0.7 percentage points in world GDP growth for 2022[38]. - The semiconductor industry faces ongoing supply chain challenges, with chip supply and demand imbalances expected to persist into 2023[63]. Employee and Governance - The Group employed approximately 137 full-time employees as of March 31, 2022, a decrease from approximately 164 employees in the previous year, reflecting a reduction of 16.5%[80]. - The management regularly reviews the internal control and risk management system to ensure good corporate governance practices[109]. - The Group has complied with relevant laws and regulations, with no material breaches reported during the year[124]. Environmental and Social Responsibility - The management team emphasized a commitment to sustainability, with plans to reduce carbon emissions by JJ% over the next five years[93]. - The Group is committed to environmental sustainability, striving to minimize its impact by reducing electricity and water usage[123]. - During the year, the Group made charitable contributions amounting to HK$320,000, an increase from HK$258,000 in 2021[195]. Related Party Transactions - Significant related party transactions are disclosed in note 36 to the consolidated financial statements[191]. - No Directors or their associates had beneficial interests in the Group's five largest customers or suppliers[197].

Financial Performance - Revenue for the six months ended September 30, 2021, was HKD 458.4 million, a decrease of 15.7% from HKD 543.5 million in 2020[2] - Net profit attributable to the owners of the company for the period was HKD 126.6 million, representing a 25.5% increase from HKD 100.1 million in the same period last year[2] - The company reported a total comprehensive income of HKD 124.9 million for the period, compared to HKD 103.3 million in the previous year[16] - The basic and diluted earnings per share for the period were HKD 0.1394, up from HKD 0.1109 in the same period last year[11] - The company reported a pre-tax profit of HKD 128,851,000 for the six months ended September 30, 2021, compared to HKD 100,223,000 in the same period of 2020, reflecting a growth of 28.6%[39][52] - For the six months ended September 30, 2021, the company's profit attributable to owners was HKD 126,623,000, an increase of 25.6% compared to HKD 100,812,000 for the same period in 2020[60] Revenue Breakdown - Semiconductor distribution segment generated a profit of HKD 156.9 million, up 22.9% from HKD 127.7 million in the previous year[2] - Semiconductor distribution segment generated revenue of HKD 442,078,000, down 14.7% from HKD 518,814,000 year-over-year[48][49] - Procurement business revenue was HKD 15,923,000, a decline of 30.5% compared to HKD 23,057,000 in the previous year[48][49] - The consumer products and procurement business recorded revenue of HKD 15.9 million, a decrease from HKD 23.0 million in the previous year[92] - The venture capital segment reported a loss of HKD 1.0 million, compared to a profit of HKD 3.0 million in 2020[92] Assets and Liabilities - Total assets as of September 30, 2021, increased to HKD 1,671.2 million from HKD 1,586.6 million as of March 31, 2021[5] - Total liabilities were HKD 544,362,000 as of September 30, 2021, compared to HKD 573,071,000 as of March 31, 2021, indicating a reduction of 5.0%[42] - The company's equity total rose to HKD 1,522.6 million, up from HKD 1,425.0 million at the end of March 2021[5] - The company's equity attributable to owners increased to HKD 1,512,567 thousand from HKD 1,414,941 thousand, reflecting a rise of about 6.9%[21] - The total non-current liabilities amounted to HKD 15,182 thousand, slightly up from HKD 15,141 thousand as of March 31, 2021, indicating a marginal increase of 0.3%[21] Cash Flow and Liquidity - The net cash flow from operating activities for the six months ended September 30, 2021, was HKD 24,709 thousand, a decrease from HKD 76,931 thousand in the same period of 2020[27] - The company reported a net cash outflow from financing activities of HKD 27,749 thousand, compared to HKD 100,450 thousand in the previous year, showing a significant reduction in cash outflow[27] - The total cash and cash equivalents at the end of the period were HKD 120,799 thousand, up from HKD 65,939 thousand at the end of the previous year, marking an increase of approximately 83.3%[27] - The company's cash and cash equivalents stood at HKD 120.8 million, slightly down from HKD 124.3 million[5] Market and Strategic Focus - The company continues to explore market expansion opportunities and new product development strategies[7] - The company is focused on expanding its market presence in electronic components and consumer products, aiming for growth in both sectors[30] - Future strategies include potential investments in new technologies and products to enhance competitive advantage in the market[30] - The company plans to continue focusing on market expansion and new product development to drive future growth[37] Shareholder Information - The company declared a final dividend of HKD 0.030 per ordinary share for the year ended March 31, 2021, totaling HKD 27,260,000, compared to HKD 22,717,000 for the previous year[59] - The company declared an interim dividend of HKD 0.010 per share for the six months ending September 30, 2021, consistent with the previous year[145] - Major shareholders include BKS with 410,507,602 shares (45.18%), Jade Concept with 96,767,866 shares (10.65%), and Ms. Yang with 559,333,868 shares (61.56%) as of September 30, 2021[133] Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the group's financial reporting procedures and internal controls for the six months ending September 30, 2021[144] - The company has complied with the corporate governance code, except for the separation of the roles of chairman and CEO, which are held by Dr. Su Yu Jun[140] - The company believes that having the same person serve as both chairman and CEO enhances operational efficiency and execution of business strategies[140] - The company has adopted the standard code for securities transactions by directors and confirmed compliance by all directors for the six months ending September 30, 2021[143]

Financial Performance - Total revenue for 2021 was HK$1,241.2 million, a decrease of 7.2% from HK$1,337.3 million in 2020[6]. - Revenue from semiconductor distribution was HK$1,190.4 million, down 5.5% from HK$1,259.2 million in 2020[6]. - Profit for the year attributable to owners of the company increased to HK$269.8 million, compared to HK$93.5 million in 2020, representing a growth of 188.8%[6]. - Proposed final dividend for 2021 is HK$27.3 million, an increase from HK$22.7 million in 2020, reflecting a growth of 20.3%[6]. - Profit before tax was HK$276.7 million, up from HK$92.5 million in the previous year[33]. - The Group's profit for the year was HK$269.5 million, significantly up from HK$90.8 million in the prior year[39]. - Profit before interest and tax increased to HK$277.7 million from HK$95.9 million in 2020[39]. - The company reported a net profit margin of approximately 20.0% for the year[161]. - Profit for the year attributable to owners of the company was HK$269,788,000, compared to HK$57,278,000 in the previous year, marking an increase of 370.5%[161]. Assets and Liabilities - Total assets increased to HK$1,586.6 million in 2021, up from HK$1,393.8 million in 2020, marking a growth of 13.9%[8]. - Total liabilities decreased to HK$161,606,000 from HK$212,823,000, a reduction of 24.1%[161]. - Total equity rose to HK$1,425.0 million, compared to HK$1,181.0 million in 2020, indicating a growth of 20.7%[8]. - Cash and cash equivalents increased to HK$124.3 million, up from HK$87.7 million in 2020, representing a growth of 41.7%[8]. - The company reported a total debt to total equity ratio of 0.1% in 2021, significantly lower than 9% in 2020[8]. - The total debt to equity ratio as of March 31, 2021, was 0.1%, significantly down from 8.9% as of March 31, 2020[76]. Business Segments - The semiconductor industry is expected to continue its growth driven by trends in Internet of Things, 5G, and automotive applications[25]. - The consumer product and product sourcing business reported revenue of HK$47.1 million, a decline from HK$74.9 million in 2020[39]. - The venture capital segment recorded a loss of HK$15.3 million, consistent with the previous year's loss[39]. - The Group plans to leverage existing resources to enhance its internet social media business through creative channels[53]. - The Group plans to continue expanding its semiconductor distribution business and exploring new product sourcing opportunities[6]. Market Conditions and Challenges - The company anticipates challenges in 2021 due to geopolitical uncertainties and supply chain resilience concerns[27]. - The pandemic has accelerated the shift to e-commerce in Southeast Asia, with more retailers expected to transition online[50]. - The industry faces risks from rapid technology changes and intense competition, which may adversely affect business performance[118]. - Major global semiconductor players are increasing investments to capture future market opportunities amid ongoing supply chain challenges[58]. Management and Governance - The management emphasizes a prudent approach and innovative thinking to navigate the rapidly evolving market conditions[27]. - The Group conducts periodic reviews of its internal control and risk management systems to ensure good corporate governance practices[117]. - The management has implemented monitoring procedures to minimize credit risk, significantly reducing the Group's credit risk exposure[126]. Shareholder Information - The total proposed dividend amounts to approximately HK$27.3 million based on 908,663,302 shares in issue[142]. - As of 31 March 2021, the Company's reserves available for distribution were approximately HK$468.6 million, compared to HK$465.5 million in 2020[153]. - The Company did not purchase, sell, or redeem any of its listed securities during the year[153]. - No Directors or chief executives had registered any interests or short positions in the shares or debentures of the Company as of March 31, 2021[181]. Employee and Talent Management - The board of directors has approved a competitive remuneration package to attract and retain talent, including share option schemes[169]. - The Group employed approximately 164 full-time employees as of March 31, 2021, a decrease from approximately 178 in 2020[84]. Environmental and Regulatory Compliance - The Group is committed to environmental sustainability, striving to minimize its impact by reducing electricity and water usage[130]. - The Group has complied with relevant laws and regulations, with no material breaches reported during the year[131]. - The Group has complied with all relevant environmental protection and safety regulations throughout the year[137].

Financial Performance - Revenue for the six months ended September 30, 2020, was HKD 543.5 million, a decrease of 25.1% compared to HKD 725.7 million in 2019[2] - Semiconductor distribution segment generated revenue of HKD 518.8 million, down 23.5% from HKD 677.2 million in the previous year[2] - The company reported a profit attributable to owners of HKD 100.1 million, an increase of 97.5% from HKD 50.6 million in the same period last year[2] - The total comprehensive income for the period was HKD 103.3 million, compared to HKD 48.2 million in the same period last year[12] - The adjusted profit before tax for the group was HKD 100,223,000, reflecting a significant increase from HKD 50,731,000 in the same period last year[37] - The group reported a profit of HKD 100.1 million for the period, compared to HKD 50.6 million in the previous year, indicating a strong recovery despite external challenges[96] Financial Position - Total assets as of September 30, 2020, were HKD 1,398.2 million, slightly up from HKD 1,393.8 million as of March 31, 2020[5] - The debt-to-equity ratio decreased to 2% from 9% year-on-year, indicating improved financial stability[5] - As of September 30, 2020, the total equity increased to HKD 1,261,587 thousand from HKD 1,180,997 thousand as of March 31, 2020, representing a growth of approximately 6.84%[16] - The group reported a total liability of HKD 136,581,000 as of September 30, 2020, a decrease from HKD 212,823,000 as of March 31, 2020[44] - The group’s total equity as of September 30, 2020, was HKD 1,261,600,000, an increase from HKD 1,181,000,000 as of March 31, 2020[116] Cash Flow and Liquidity - Cash and cash equivalents decreased to HKD 65.9 million from HKD 87.7 million, reflecting a tighter liquidity position[5] - The net cash flow from operating activities for the six months ended September 30, 2020, was HKD 76,931 thousand, significantly up from HKD 16,039 thousand in the same period last year, indicating a year-over-year increase of approximately 378.5%[22] - The total cash and cash equivalents at the end of the period were HKD 65,939 thousand, down from HKD 93,800 thousand, reflecting a decrease of about 29.7%[22] - The company reported a net cash outflow from financing activities of HKD 100,450 thousand for the six months ended September 30, 2020, compared to HKD 25,770 thousand in the previous year, indicating a significant increase in cash used for financing[22] Segment Performance - The consumer products and brand omnichannel business reported revenue of HKD 23,057,000, a decline of 50.8% compared to HKD 46,829,000 in the previous year[47] - The venture capital segment achieved a profit of HKD 894,000, while the other segment incurred a loss of HKD 3,267,000[37] - The semiconductor market is expected to see a slight decline of 0.9% globally in 2020, with the memory market projected to grow by 13.9%[97] - E-GoGo Limited, responsible for consumer products and brand omnichannel operations, is focusing on expanding e-commerce in Southeast Asia, particularly in Indonesia[101] Shareholder Information - The total issued share capital remained unchanged at 90,866 thousand shares as of September 30, 2020[16] - Major shareholders included BKS with 410,507,602 shares (45.18%) and Jade Concept with 96,767,866 shares (10.65%) as of September 30, 2020[131] - The beneficial ownership of Dr. Su Yu-Kun included 507,275,468 shares, representing approximately 61.56% of the issued shares[123] Corporate Governance - The board believes that having the same person serve as both Chairman and CEO enhances operational efficiency, despite deviating from corporate governance code A.2.1[135] - The audit committee, consisting of three independent non-executive directors, reviewed the group's financial reporting procedures and internal controls for the six months ended September 30, 2020[137] Market Strategy - The group aims to enhance its B2C business model to diversify revenue sources and strengthen its omnichannel strategy[102] - The group is actively pursuing new strategies in brand management and marketing solutions to capture market share in the growing Southeast Asian e-commerce sector[103] - The pandemic has accelerated the adoption of e-commerce and social media, creating favorable conditions for business development[113] Employee Information - The company employed approximately 178 full-time employees as of September 30, 2020, maintaining the same number as of March 31, 2020[121] - The total compensation for key management personnel was HKD 7,080,000 for the six months ended September 30, 2020, compared to HKD 6,956,000 for the same period in 2019, showing a slight increase of about 1.8%[89]

Financial Performance - Revenue for 2020 was HK$1,337.3 million, a decrease of 21.3% from HK$1,698.8 million in 2019[5] - Profit for the year attributable to owners of the Company was HK$93.5 million, up 63.0% from HK$57.3 million in 2019[5] - The Group recorded a revenue of approximately HK$1,337.3 million for the year ended 31 March 2020, a decrease of 21.3% from HK$1,698.8 million in 2019[16] - Profit attributable to owners of the Company was approximately HK$93.4 million, an increase of 63.1% compared to HK$57.3 million in 2019[16] - The Group's revenue for the year was HK$1,322.0 million, a decrease of 21.1% compared to HK$1,674.9 million in 2019[36] - The semiconductor distribution business generated revenue of HK$1,259.2 million, down from HK$1,602.4 million in 2019, reflecting a decline of 21.4%[36] - The consumer product and brand omni-channel business recorded revenue of HK$74.9 million, a decrease from HK$88.5 million in 2019[36] - The venture capital business reported a loss of HK$15.3 million, an improvement from a loss of HK$23.9 million in 2019[36] - The internet social media business generated revenue of HK$3.2 million, down from HK$7.9 million in 2019[36] Assets and Equity - Total assets increased to HK$1,393.8 million in 2020, compared to HK$1,317.0 million in 2019, representing a growth of 5.8%[7] - Total equity rose to HK$1,181.0 million, an increase of 5.9% from HK$1,115.6 million in 2019[7] - The Group's total equity as of March 31, 2020, was HK$1,181.0 million, an increase from HK$1,115.6 million as of March 31, 2019[71] - The total liabilities of the Company were HK$212,823,000 as of 31 March 2020, compared to HK$201,425,000 in 2019, showing an increase of approximately 0.7%[143] Dividends - Proposed final dividend per share is HK$2.5, up from HK$2.0 in 2019, reflecting a 25% increase[5] - The Company has recommended a final dividend of HK$0.025 per share for the year ended 31 March 2020, up from HK$0.020 per share in 2019, which is an increase of 25%[142] - The total dividend amount, based on 908,663,302 shares, will be approximately HK$22.7 million[142] Cash Flow and Liquidity - Cash and cash equivalents decreased to HK$87.7 million from HK$106.0 million in 2019, a decline of 17.5%[7] - The liquidity ratio as of March 31, 2020, was 176%, compared to 215% in 2019[75] - The Group maintains adequate levels of cash and cash equivalents to finance operations and mitigate cash flow fluctuations[113] Business Strategy and Growth - The company plans to expand its semiconductor distribution and consumer product segments to drive future growth[5] - Investment in new technologies and product development is a key focus for the upcoming fiscal year to enhance market competitiveness[5] - The Group plans to expand its e-commerce market presence in Singapore, Malaysia, Thailand, Taiwan, and Indonesia by introducing more high-quality consumer products[20] - The Group aims to leverage its strong reputation and competitive advantages to achieve sustainable growth and satisfactory returns for shareholders[62] Market Trends and Opportunities - The Southeast Asian internet economy is projected to grow from $100 billion in 2019 to $300 billion by 2025, indicating significant market opportunities[19] - The global 5G semiconductor market is expected to reach US$31.5 billion in 2023, accounting for 5.7% of the global semiconductor market[45] - The demand for cloud services, data centers, and network management services is expected to rise due to the increasing reliance on the internet and 5G technology[59] Risk Management - Credit risk is minimized through monitoring procedures and regular reviews of trade receivables, significantly reducing the Group's credit risk exposure[112] - The Group is exposed to interest rate risk due to floating interest rates on bank borrowings, with no current hedging policy in place[114] Corporate Governance - The management conducts periodic reviews of the internal control and risk management system to ensure good corporate governance practices[103] - The Group has complied with all relevant laws and regulations during the year, with no material breaches reported[117] Employee and Stakeholder Relations - The Group expresses gratitude to stakeholders for their ongoing support and trust during these challenging times[24] - The remuneration policy includes competitive packages with discretionary bonuses based on market conditions and individual performance[150] - The Company provides medical and retirement benefits as part of its competitive remuneration package[150] Environmental Commitment - The Group is committed to environmental sustainability, striving to minimize its impact by reducing electricity and water usage and encouraging recycling[116]