FINAL RESULTS For the year ended 31 March 2025, the Group's consolidated loss attributable to shareholders of the Company (the "Shareholders") was approximately HK$365,299,000 as compared with loss of approximately HK$213,149,000 last financial year (2024). The consolidated loss from continuing operations and discontinued operation for the year ended 31 March 2025 were approximately HK$357,778,000 and HK$7,521,000 respectively as compared with loss of approximately HK$218,804,000 and profit of approximately ...

智通财经APP获悉，截止5月22日收盘，有88只股票创52周新高，其中名仕快相(08483)、茂盛控股 (00022)、帝王实业控股(01950)创高率位于前3位，分别为67.60%、46.55%、45.71%。 | 南方东英越南３０ | 6.690 | 6.690 | 0.22% | | --- | --- | --- | --- | | (03004) | | | | | 诺诚健华(09969) | 10.960 | 11.320 | 0.18% | | 港灯－ＳＳ(02638) | 5.680 | 5.680 | 0.18% | | ESR(01821) | 12.860 | 12.860 | 0.16% | | 招商局港口(00144) | 14.320 | 14.460 | 0.14% | | 紫金矿业(02899) | 18.580 | 18.980 | 0.12% | | Ａ博时人民币－Ｒ | 1,059.000 | 1,059 | 0.05% | | (83192) | | | | | 工银南方国债(03199) | 115.400 | 115.400 | 0.04% | | Ａ博时港元(03 ...

Bank Borrowings and Loans - Secured bank borrowings as of 30 September 2024 amounted to HK$1,992,797,000, a decrease from HK$2,066,734,000 as of 31 March 2024[7] - The Group obtained new bank loans of HK$162,187,000 and repaid HK$236,124,000 during the interim period[4] - Interest rates on secured bank borrowings ranged from HIBOR plus 0.7% to 1.8%, with effective interest rates between 4.5% and 9.0% as of 30 September 2024[5] - The Group's bank loans were secured by properties with a total net book value of approximately HK$4,715,940,000 as of 30 September 2024[7] - The company completed a placing of 235,000,000 new shares at HK$0.18 per share, raising HK$41,877,000 net proceeds, which were fully utilized for repaying bank borrowings of HK$35,000,000 and general working capital[120][121] - Secured bank borrowings decreased from HK$1,161,664 thousand to HK$1,076,572 thousand[159] Share Issuance and Capital Structure - The Group's issued ordinary shares increased to 338,148,116 as of 30 September 2024, up from 103,148,116 as of 31 March 2024[12] - The Company completed a share placing of 235,000,000 shares at HK$0.18 per share, raising net proceeds of HK$41,877,000[30] - The company completed a share placement of 235,000,000 shares at HK$0.18 per share, raising approximately HK$41,877,000 in net proceeds, which will be used to repay bank loans and for general working capital[32] - The conversion price of the 2023 Convertible Notes was adjusted from HK$3.70 to HK$0.18 per share, increasing the number of conversion shares from 56,486,486 to 1,161,111,111[34][35] - Easyknit Properties Holdings Limited held 14,055,799 shares and 1,161,111,111 underlying shares, totaling 1,175,166,910 shares or 347.53% of the total issued shares[78] - Easyknit International Holdings Limited held 26,753,937 shares and 1,161,111,111 underlying shares, totaling 1,187,865,048 shares or 351.28% of the total issued shares[78] - Magical Profits Limited held 27,428,937 shares and 1,161,111,111 underlying shares, totaling 1,188,540,048 shares or 351.48% of the total issued shares[79] - Magical Profits Limited holds approximately 41.77% of Easyknit's issued share capital, including 1,726,000 shares representing 2.33% of the issued share capital[81][83] - Easyknit's total issued shares increased from 103,148,116 to 338,148,116 after a placement on 17 April 2024, reducing its interest in shares from 81.35% to 25.82%[86][88] - The conversion price of the 2023 Convertible Note was adjusted from HK$3.70 to HK$0.18 per share, increasing the number of unissued conversion shares from 59,885,386 to 1,161,111,111 and raising Easyknit's interest in shares from 25.82% to 351.48%[86][88] - The company maintains a public float of more than 25% of its issued shares, as required by the Listing Rules[92][94] - The company proposed a rights issue to raise up to HK$62,200,000 by issuing up to 676,296,232 rights shares at HK$0.092 per share, subject to shareholder approval[125][126] - The company proposed a rights issue to raise up to HK$62.2 million (before expenses) by issuing up to 676,296,232 rights shares at HK$0.092 per share[143] - The company issued 235,000,000 new shares at HK$0.18 per share, diluting Wing Yik International's controlling stake from 26.59% to approximately 8.11%[194] - Share capital increased from HK$1,031 thousand to HK$3,381 thousand[162] - Share premium increased from HK$2,555,944 thousand to HK$2,595,471 thousand[162] - Convertible note equity reserve decreased from HK$47,493 thousand to HK$115,646 thousand[162] Property Transactions - The company disposed of a limited partnership interest for USD3,700,000 (equivalent to HK$28,971,000) in July 2024[37][39] - The company agreed to sell a property in Hong Kong for HK$36,000,000, with completion subject to fulfilling conditions precedent[38][43] - The company sold a property in Singapore for S$12,000,000 (equivalent to approximately HK$72,216,000), with completion in September 2024[48][50][53] - Investment properties decreased from HK$1,250,443 thousand to HK$1,059,800 thousand[157] - Properties held for development for sale decreased from HK$2,520,754 thousand to HK$1,862,755 thousand[157] - Write-down on properties held for development for sale, net for the six months ended 30 September 2024 was HK$53.892 million, compared to HK$92.007 million in the same period last year[186] - Write-down on properties held for sale, net for the six months ended 30 September 2024 was HK$20.225 million, compared to none in the same period last year[186] Financial Performance and Losses - The Group recorded a loss of approximately HK$55,107,000 on changes in fair value of investment properties from continuing operations[25] - Finance costs from continuing operations increased by 115.4% to HK$51,719,000, including HK$14,003,000 in effective interest expense on convertible notes[27] - Loss for the period attributable to owners of the Company was HK$243.368 million, compared to HK$158.263 million in the same period last year[189] - Total comprehensive expense for the period attributable to owners of the Company was HK$236.745 million, compared to HK$175.905 million in the same period last year[191] - Loss per share from continuing and discontinued operations was HK$0.77, with a loss of HK$0.75 from continuing operations[153] - The company reported a total comprehensive expense of HK$236.745 million for the six months ended 30 September 2024, compared to HK$175.905 million in the same period in 2023[153] - Loss on changes in fair value of investment properties for the six months ended 30 September 2024 was HK$55.107 million, compared to HK$12.242 million in the same period last year[186] Cash Flow and Financial Position - Net cash used in operating activities for the six months ended 30 September 2024 was HK$87.116 million, compared to HK$217.119 million in the same period last year[171] - Net cash generated from investing activities for the six months ended 30 September 2024 was HK$16.116 million, compared to HK$169.788 million in the same period last year[173] - Net cash used in financing activities for the six months ended 30 September 2024 was HK$103.953 million, compared to net cash generated of HK$107.400 million in the same period last year[176] - Cash and cash equivalents decreased by HK$174.953 million for the six months ended 30 September 2024, compared to an increase of HK$60.069 million in the same period last year[176] - Total assets decreased from HK$4,131,547 thousand to HK$3,981,885 thousand as of 30 September 2024[159] - Net current assets increased slightly from HK$2,797,639 thousand to HK$2,811,450 thousand[159] - Total equity decreased from HK$3,047,196 thousand to HK$2,936,737 thousand[159] - Deferred tax liabilities increased from HK$7,936 thousand to HK$21,406 thousand[159] Employee and Staff Costs - The company had 42 employees as of 30 September 2024, with staff costs amounting to approximately HK$13,815,000 for the period[57] - The company had 42 employees as of September 30, 2024, compared to 40 employees as of March 31, 2024[61] - Employee costs (including directors' remuneration) were approximately HKD 13,815,000 for the period, down from HKD 21,435,000 in the previous period[61] Business Strategy and Outlook - The company remains cautiously optimistic about the prospects of Hong Kong's property and securities markets, believing they will continue to grow in the long term[64] - The company will continue to focus on property development, property investment, securities and other investments, and loan financing business while exploring other potential opportunities[63] - The company will continue to seek attractive opportunities to replenish its property portfolio as part of its ongoing business strategy[65] - The company's operations in China have been terminated[179] Corporate Governance and Leadership - Mr. Lai Law Kau serves as both Chairman and Chief Executive Officer, a dual role deemed efficient for long-term strategy execution[105] - The company's chairman and CEO roles are held by the same individual, Mr. Lai Lo Kiu, which the board believes enhances efficiency and strategic execution[106] - The company does not have an internal audit function but considers its existing risk management and internal control systems to be effective and adequate[109][110] - The company's audit committee reviewed the unaudited interim condensed consolidated financial statements and found no major issues, though areas for improvement were identified[109][115] - As of September 30, 2024, none of the directors or the chief executive had any interests in the company's shares, underlying shares, or debentures[70] Miscellaneous - Capital expenditures during the period were approximately HK$11,000, a decrease from HK$27,000 in the previous period[18] - No listed securities of the company were purchased, sold, or redeemed during the period[66] - The company partially redeemed HK$100 million of the outstanding principal amount of the 2023 Convertible Note, reducing the outstanding amount to HK$109 million and the total number of conversion shares from 1,161,111,111 to 605,555,555[131][146] - The company allotted 235,000,000 ordinary shares at HK$0.18 per share, diluting Easyknit International's shareholding from 26.59% to approximately 8.11%[140] - The Group applied amendments to HKFRSs for the first time in the current interim period, with no material impact on financial positions and performance[198] - Rental income for the six months ended 30 September 2024 was HK$15.835 million, compared to HK$14.049 million in the same period last year[186] - Interest income from loan financing for the six months ended 30 September 2024 was HK$682,000, compared to HK$1.207 million in the same period last year[186]

Financial Performance - The Group's unaudited consolidated loss attributable to shareholders for the six months ended 30 September 2024 was approximately HK$243,368,000, compared to a loss of approximately HK$158,263,000 for the corresponding period in 2023, representing an increase of approximately 53.8%[3] - The unaudited consolidated loss from continuing operations for the Period was approximately HK$237,712,000, compared to a loss of approximately HK$149,150,000 in the 2023 Period, indicating an increase of approximately 59.3%[3] - Loss before taxation for the period was HK$244,297,000, compared to a loss of HK$149,710,000 in the previous year, indicating a significant increase in losses[151] - Total comprehensive expense attributable to owners of the Company for the period was HK$236,745,000, up from HK$175,905,000 in the same period last year, reflecting a 34.5% increase in comprehensive losses[157] - Loss per share from continuing operations was HK$0.75, compared to HK$2.15 in the previous year, showing an improvement in loss per share despite ongoing challenges[159] Revenue and Income - Revenue from continuing operations for the six months ended September 30, 2024, was HK$15,835,000, an increase from HK$14,049,000 in the same period of 2023, representing a growth of 12.7%[150] - The total rental income recorded from continuing operations increased by approximately 12.7% to approximately HK$15,835,000, compared to approximately HK$14,049,000 in the 2023 Period[24] - The property rental income for the Period was approximately HK$15,099,000, representing an increase of approximately 13.7% compared to approximately HK$13,283,000 in the 2023 Period, primarily due to rental income from Project Matheson Street[28] - In Singapore, the Group's property rental income decreased by approximately 3.9% to approximately HK$736,000, down from approximately HK$766,000 in the 2023 period, due to the disposal of one residential unit in July 2023[30] - Interest income from loan financing business decreased by approximately 43.5% to approximately HK$682,000 compared to approximately HK$1,207,000 in the 2023 period[49] Assets and Liabilities - The Group owned residential, commercial, and industrial units and land with a total carrying amount of approximately HK$1,090,800,000 as of 30 September 2024, down from approximately HK$1,176,600,000 as of 31 March 2024[28] - As of September 30, 2024, the Group's total carrying value of properties in Hong Kong was approximately HK$1,090,800,000, a decrease from approximately HK$1,176,600,000 as of March 31, 2024[29] - The Group's total assets amounted to approximately HK$5,145,056,000, a decrease from approximately HK$5,408,807,000 as of March 31, 2024[70] - Cash and cash equivalents decreased to HK$127,307,000 from HK$299,717,000, a reduction of 57.5%, highlighting liquidity challenges[162] - Net assets decreased to HK$2,936,737 from HK$3,047,196, representing a reduction of approximately 3.6%[1] Investment and Development - The Group is developing several key projects, including "THE HEDON" and "One Two One," with occupation permits obtained in February and May 2024, respectively[10][11] - The combined site area for the Kennedy Town project is approximately 7,122 square feet, with superstructure works expected to complete in the last quarter of 2025[18] - The Group agreed to dispose of a limited partnership interest for a consideration of USD3,700,000 (equivalent to HK$28,971,000), with completion taking place in July 2024[104] - The Group entered into a preliminary sale and purchase agreement to sell a property for HK$36,000,000, subject to the fulfillment of conditions precedent[105] - The Group entered into an agreement to sell a four-bedroom apartment in Singapore for S$12,000,000 (approximately HK$72,216,000), with completion in October 2024[111] Financing and Capital Structure - The Group's operations were primarily financed through recurring cash flow, capital market proceeds, and bank financing[72] - The Group completed a placing of 235,000,000 shares at a price of HK$0.18 per share, raising net proceeds of approximately HK$41,877,000 for repayment of bank borrowings and general working capital[99] - The outstanding principal amount of the 2023 Convertible Note was HK$209,000,000 as of September 30, 2024, with an interest rate of 5% per annum[77] - The conversion price of the 2023 Convertible Note was adjusted to HK$0.18 per conversion share as of April 17, 2024[79] - The Group proposed to raise up to approximately HK$62.2 million through a Rights Issue of a maximum of 676,296,232 Rights Shares at a Subscription Price of HK$0.092 per Rights Share[141] Risk Management and Internal Control - The Board reviewed the effectiveness of the Group's risk management and internal control systems and found them to be effective and adequate[132] - The company does not currently have an internal audit function but will conduct an annual review of its risk management and internal control systems[132] - The Group has implemented stringent loan review procedures and credit risk management to minimize credit risks associated with its loan financing business[53] - The Group regularly assesses the value of collaterals and has not observed significant changes in the quality of collateral held for loans receivable[58] Employee and Management - As of September 30, 2024, the Group had 42 employees, with staff costs amounting to approximately HK$13,815,000 for the period, down from HK$21,435,000 in the previous period[114] - The company expressed gratitude to the management team and employees for their hard work and commitment[144] Market Outlook - The Group remains cautiously optimistic about the property and securities markets in Hong Kong, despite global economic uncertainties[121] - The Company will continue to seek investment and divestment opportunities that align with its objectives during challenging market conditions[123]

Financial Performance - For the year ended March 31, 2024, the Group's revenue from continuing operations was approximately HK$30,693,000, representing an increase of approximately HK$3,499,000 or approximately 12.9% compared to HK$27,194,000 in the previous year[11]. - The consolidated loss attributable to owners of the Company for the year was approximately HK$213,149,000, compared to a profit of approximately HK$63,572,000 in the previous year[11]. - The gross profit margin for the year was approximately 88.5%, slightly down from approximately 89.1% in the previous year[11]. - The loss from continuing operations for the year was approximately HK$218,804,000, compared to a profit of approximately HK$58,970,000 in the previous year[11]. - Basic and diluted loss per share from continuing and discontinued operations was HK$2.47, compared to restated earnings per share of HK$1.50 and HK$1.37 in the previous year[11]. Assets and Liabilities - Total assets as of March 31, 2024, were approximately HK$5,408,807,000, down from HK$5,624,267,000 in the previous year[17]. - Total liabilities as of March 31, 2024, were approximately HK$2,361,611,000, slightly down from HK$2,389,101,000 in the previous year[17]. - Equity attributable to owners of the Company was approximately HK$3,047,196,000, down from HK$3,235,166,000 in the previous year[17]. Rental Income - Rental income from continuing operations totaled approximately HK$28,751,000, representing an increase of about 17.8% from approximately HK$24,408,000 in 2023[46]. - The company recorded property rental income of approximately HK$27,423,000, an increase of about 26.3% compared to HK$21,706,000 in 2023[46]. - In Singapore, property rental income decreased by approximately 50.9% to HK$1,328,000 from HK$2,702,000 in 2023, attributed to the disposal of one residential unit in July 2023[66]. Projects and Developments - The company completed the construction of the "THE HEDON" project in Causeway Bay, Hong Kong, with a gross floor area of approximately 42,854 square feet, obtaining the occupation permit in February 2024[39]. - The company also completed the "One Two One" project in Kowloon, Hong Kong, with a total gross floor area of approximately 7,326 square meters, obtaining the occupation permit in May 2024[39]. Investment and Financing - The Group's investment in equity securities listed in Hong Kong and the United States amounted to approximately HK$47,124,000, up from approximately HK$23,914,000 in the previous year[53]. - The Group received dividend income from listed securities investments of approximately HK$1,373,000, down from approximately HK$2,598,000 in the previous year[53]. - The Compensation Amount received from the Huzhou Government was RMB 386,982,000 (approximately HK$439,752,000), which will be used for general working capital and repayment of bank loans[51]. Corporate Governance and Compliance - The Company has fully complied with all applicable code provisions of the Corporate Governance Code during the year, ensuring diligence, accountability, and professionalism[166]. - The Board is committed to high standards of corporate governance, integrating social and environmental concerns into business operations[166]. - The Group is committed to enhancing long-term values and interests for shareholders and stakeholders, focusing on sustainable growth in both financial and ESG performance[182]. Risk Management - The Group's financial condition and operations are subject to risks including volatility in financial markets, commodity price fluctuations, and high inflationary pressures[160]. - The Group has made provisions for potential impairment losses due to increased default risk amid economic uncertainties[138]. - The Group's credit risk management includes stringent loan review procedures and ongoing monitoring of credit risks[137]. Employee and Operational Insights - As of March 31, 2024, the Group had 40 employees, with staff costs amounting to approximately HK$40,218,000, an increase of 34.2% from HK$29,929,000 in 2023[32]. - The Group remains cautiously optimistic about the prospects of the property and securities markets in Hong Kong, despite global economic uncertainties[32].

Financial Performance - For the year ended 31 March 2024, the Group reported a consolidated loss attributable to shareholders of approximately HK$213,149,000, compared to a profit of approximately HK$63,572,000 in the previous year[3]. - Revenue from continuing operations increased to approximately HK$30,693,000, representing a growth of approximately 12.9% compared to HK$27,194,000 in the previous year[10]. - The Group's gross profit margin for the year was approximately 88.5%, slightly down from approximately 89.1% in the previous year[10]. - The basic and diluted loss per share for the year was HK$2.47, compared to restated earnings per share of HK$1.50 and HK$1.37 in the previous year[11]. - The consolidated loss from continuing operations for the year ended March 31, 2024, was approximately HK$218,804,000, compared to a profit of approximately HK$58,970,000 in 2023[60]. - Gross profit from continuing operations for the year ended March 31, 2024, was approximately HK$27,173,000, representing an increase of approximately 12.2% compared to approximately HK$24,225,000 in 2023[69]. - The taxation charge from continuing operations for the year was approximately HK$13,485,000, compared to a taxation credit of approximately HK$1,649,000 in 2023[75]. - The basic and diluted loss per share from continuing operations for the year was approximately HK$2.54, compared to a restated profit of approximately HK$1.39 per share in 2023[77]. Revenue and Income - Total rental income from continuing operations was approximately HK$28,751,000, an increase of approximately 17.8% from HK$24,408,000 in the previous year[26]. - The Group's property rental income and building management fee income from continuing operations amounted to approximately HK$27,423,000, reflecting a 26.3% increase compared to HK$21,706,000 in the previous year[27]. - Property rental income from continuing operations for the year was approximately HK$27,423,000, an increase of approximately 26.3% from approximately HK$21,706,000 in 2023[30]. - As of March 31, 2024, the Group's revenue from continuing operations increased by approximately 12.9% to approximately HK$30,693,000 compared to approximately HK$27,194,000 in 2023, primarily due to an increase in rental income[68]. Assets and Liabilities - As of March 31, 2024, the Group's total assets amounted to approximately HK$5,408,807,000, a decrease from approximately HK$5,624,267,000 in 2023[88]. - As of March 31, 2024, the Group's bank borrowings amounted to approximately HK$2,066,734,000, an increase from approximately HK$1,871,919,000 in 2023[49]. - The Group's total bank borrowings as of March 31, 2024, were approximately HK$2,066,734,000, compared to approximately HK$1,871,919,000 in 2023, resulting in a gearing ratio of approximately 0.7[89]. - The Group had capital commitments of approximately HK$4,418,000 as of March 31, 2024, down from approximately HK$19,635,000 in 2023[55]. - The Group's bank balances and cash as of March 31, 2024, were approximately HK$299,717,000, down from approximately HK$354,002,000 in 2023[88]. Dividends - The Group does not recommend the payment of a final dividend for the year ended 31 March 2024[5]. - The Group did not declare a final dividend for the year ended March 31, 2024, compared to no dividend declared in 2023[42]. Employee Information - The Group has 40 employees as of March 31, 2024, an increase from 38 employees in 2023, with total employee costs amounting to approximately HKD 40,218,000 for the year, compared to HKD 29,929,000 in 2023[192]. - The Group's employee benefits include medical and dental plans, and contributions to mandatory provident fund schemes for eligible employees[192]. Corporate Governance and Compliance - The Group has complied with relevant laws and regulations during the year ended March 31, 2024, with no material breaches reported[169]. - The Group is committed to maintaining compliance with relevant laws and regulations, reporting no significant violations as of March 31, 2024[180]. - The Group's corporate governance practices adhere to the Corporate Governance Code, ensuring accountability and professionalism in its operations[196]. Future Outlook and Strategy - The Group remains prudently optimistic about the prospects of the property and securities markets in Hong Kong, despite ongoing geopolitical tensions and high inflationary pressures[190]. - The Group will continue to focus on its core businesses, including property development and investment, while exploring new opportunities to provide stable returns to shareholders[189]. - The Group's future outlook remains focused on long-term value creation for shareholders and stakeholders amidst macroeconomic uncertainties[191]. - The Group plans to identify and seize appropriate investment opportunities to replenish its property portfolio during challenging market conditions[195]. Financing Activities - The Group financed its operations primarily through recurring cash flow, capital market proceeds, and bank financing[90]. - The net proceeds from the 2023 Placing amounted to approximately HK$24,750,000, which were fully utilized for repayment of the group's bank loan[121]. - The net proceeds from the 2024 Placing amounted to approximately HK$41,700,000, with approximately HK$35,000,000 used for bank loan repayment and approximately HK$6,700,000 for general working capital[123]. - A conditional revolving loan agreement was entered into for a principal amount of up to HK$80,000,000 for financing property development projects and general corporate use[149]. - The Revolving Loan Agreement constitutes a major transaction under Rule 14.06(3) of the Listing Rules and is subject to independent Shareholders' approval[150]. Environmental and Social Responsibility - The Group emphasizes its commitment to corporate social responsibility and environmental sustainability, aiming to minimize its carbon footprint and enhance resource efficiency[184]. - The Group acknowledges risks from climate change, including physical risks and their potential negative impacts on the environment and business operations[174]. - The Group acknowledges the risks posed by climate change, including extreme weather events and rising sea levels, which may impact its operations and supply chain[187].

Financial Performance - The Group reported a consolidated loss attributable to shareholders of approximately HK$158,263,000 for the six months ended September 30, 2023, compared to a profit of approximately HK$63,412,000 for the same period in 2022[17]. - Revenue for the period increased to HK$15,256,000 from HK$13,323,000, representing a growth of approximately 14.5%[12]. - The gross profit for the period was HK$13,726,000, up from HK$11,886,000, indicating a gross profit margin improvement[12]. - The loss from continuing operations was approximately HK$149,150,000, a significant decline from a profit of HK$53,680,000 in the previous year[17]. - The loss per share from continuing and discontinued operations was approximately HK$2.28, compared to earnings per share of HK$2.01 in the prior period[18]. - The consolidated net loss was primarily due to a decrease in revenue, increased losses on investment properties, and higher finance costs[17]. Assets and Liabilities - Total assets as of September 30, 2023, were HK$5,700,875,000, an increase from HK$5,624,267,000 as of March 31, 2023[13]. - Total liabilities increased to HK$2,616,864,000 from HK$2,389,101,000, reflecting a rise in financial obligations[13]. - The equity attributable to owners of the Company decreased to HK$3,084,011,000 from HK$3,235,166,000, indicating a decline in shareholder equity[13]. Rental Income and Property Investments - The Group's total rental income from continuing operations increased by approximately 17.7% to approximately HK$14,049,000 for the Period, compared to approximately HK$11,933,000 in the 2022 Period[39]. - The Group recorded property rental income of approximately HK$13,283,000 in Hong Kong, representing an increase of approximately 27.0% compared to the 2022 Period, primarily due to acquisitions of investment properties in February 2023[46]. - In Hong Kong, the Group owned residential, commercial, and industrial units with a total carrying amount of approximately HK$1,176,500,000 as of 30 September 2023, a slight decrease from approximately HK$1,200,400,000 as of 31 March 2023[46]. - The Group did not record any property rental income from the PRC properties since January 2023 due to land resumption, which previously generated approximately HK$3,723,000 in the 2022 Period[54]. Investment Activities - The Group recorded a fair value gain in securities and other investments from continuing operations of approximately HK$2,522,000, compared to a loss of approximately HK$10,233,000 in the previous period[67][68]. - The Group's investment in equity securities listed in Hong Kong and overseas amounted to approximately HK$51,673,000 as of September 30, 2023, up from approximately HK$23,914,000 as of March 31, 2023[72][74]. - The investment portfolio comprised 12 equity securities as of September 30, 2023, down from 104 as of March 31, 2023[72][74]. - The Group received dividend income from listed securities investments of approximately HK$25,000 during the period, down from approximately HK$1,551,000 in the previous period[67][68]. Loan Financing Business - The Group recorded interest income from loan financing business of approximately HK$1,207,000 for the Period, a decrease of approximately 13.2% compared to HK$1,390,000 in the 2022 Period[84]. - The segment profit from loan financing business was approximately HK$343,000 for the Period, down from approximately HK$5,597,000 in the 2022 Period[84]. - The outstanding principal amount of loans receivable as of 30 September 2023 was approximately HK$34,023,000, compared to approximately HK$52,250,000 as of March 31, 2023[84]. - The Group's loan financing business primarily targets individuals and corporate entities with short-term funding needs[84]. Capital and Shareholder Information - The Group does not recommend the payment of an interim dividend for the Period, consistent with the 2022 Period[23]. - The total number of issued ordinary shares was 103,148,116 as of September 30, 2023, down from 2,125,924,676 shares as of March 31, 2023[127][130]. - The Company announced a capital reorganisation on May 29, 2023, consolidating every 40 existing shares into one consolidated share, reducing the total number of issued shares from 2,125,924,676 to 53,148,116[146][150]. Future Outlook and Strategy - The Company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[17]. - The Group remains cautiously optimistic about the prospects of the property and securities markets in Hong Kong despite global economic uncertainties, high inflation, and interest rates[195]. - The Group will adopt flexible and cautious business strategies to navigate the current market environment and ensure long-term growth[195]. - The Group aims to provide steady and favorable returns to shareholders while exploring potential projects to enhance stakeholder value[191].

Hong Kong Exchanges and Clearing Limited and The Stock 香港交易及結算所有限公司及香港聯合交 Exchange of Hong Kong Limited take no responsibility for 易所有限公司對本公佈的內容概不負責， the contents of this announcement, make no representation as 對其準確性或完整性亦不發表任何聲明， to its accuracy or completeness and expressly disclaim any 並明確表示，概不對因本公佈全部或任何 liability whatsoever for any loss howsoever arising from or 部份內容而產生或因倚賴該等內容而引致 in reliance upon the whole or any part of the contents of this 之任何損失承擔任何責任。 announcement. EMINENCE ENTERPRISE LIMITED 高山企業有限公 ...

Financial Performance - For the year ended March 31, 2023, the Group's revenue from continuing operations was approximately HK$27,194,000, a decrease of approximately HK$9,887,000 or 26.7% compared to HK$37,081,000 in 2022[12]. - The consolidated profit attributable to owners of the Company for the year was approximately HK$63,572,000, down from approximately HK$116,447,000 in 2022[12]. - The gross profit margin for the year was approximately 89.1%, compared to 92.2% in 2022[12]. - Profit before taxation for the year was approximately HK$57,321,000, compared to HK$87,219,000 in the previous year[9]. - Basic earnings per share from continuing and discontinued operations were HK3.75 cents, down from HK12.50 cents in 2022[12]. - Diluted earnings per share from continuing and discontinued operations were HK3.43 cents, down from HK9.77 cents in 2022[12]. - For the year ended March 31, 2023, the Group's consolidated profit attributable to shareholders was approximately HK$63,572,000, a decrease of approximately 45.4% compared to HK$116,447,000 in 2022[19]. - Revenue from continuing operations for the year was approximately HK$27,194,000, representing a decrease of approximately HK$9,887,000 or approximately 26.7% from HK$37,081,000 in 2022[20]. - The gross profit margin for the year was approximately 89.1%, down from approximately 92.2% in 2022[20]. - Basic and diluted earnings per share from continuing operations were HK3.75 cents, down from HK12.50 cents in 2022, while from discontinued operations, they were HK3.43 cents compared to HK9.77 cents in 2022[21][25]. Assets and Liabilities - Total assets as of March 31, 2023, were HK$5,624,267,000, an increase from HK$4,879,808,000 in 2022[9]. - Total liabilities increased to HK$2,389,101,000 from HK$1,864,621,000 in the previous year[9]. - Equity attributable to owners of the Company rose to HK$3,235,166,000 from HK$3,015,187,000 in 2022[9]. - As of March 31, 2023, the Group's total carrying amount of properties in Hong Kong was approximately HK$1,200,400,000, an increase of approximately 50.6% from HK$796,200,000 in 2022[42]. - The Group's total bank borrowings increased to approximately HK$1,871,919,000 from HK$1,662,307,000 in 2022, maintaining a gearing ratio of approximately 0.6[102]. - The total cash and bank balances as of March 31, 2023, were approximately HK$354,002,000, compared to HK$82,099,000 in 2022[105]. - The outstanding principal amount of loans receivable as of March 31, 2023, was approximately HK$52,250,000, down from approximately HK$94,381,000 in 2022[67]. - The allowance for loans receivable increased to approximately HK$53,480,000 as of March 31, 2023, compared to approximately HK$47,239,000 in 2022, reflecting a reassessment of credit risk due to economic uncertainties[75]. Property Development and Investment - The Group is engaged in property development and investment, with major projects including Matheson Street and King Lam Street, expected to complete in late 2023[30][31]. - The Group plans to redevelop the combined site at Kennedy Town and Fung Wah into mixed-use and modern industrial buildings, with completion expected in 2025 and 2026 respectively[36][37]. - Rental income from continuing operations was approximately HK$24,408,000, a decrease of approximately 20.0% from HK$30,528,000 in 2022, primarily due to property demolitions for development[41]. - The Group recorded property rental income from continuing operations in Hong Kong of approximately HK$21,706,000 for the year ended March 31, 2023, representing a decrease of approximately 21.9% compared to HK$27,793,000 in 2022[42]. - In Singapore, the Group owned two residential units with a total carrying amount of approximately HK$137,041,000 as of March 31, 2023, down from HK$183,680,000 in 2022, a decrease of approximately 25.4%[43]. - The property rental income from Singapore for the year ended March 31, 2023, was approximately HK$2,702,000, a slight decrease of approximately 1.2% from HK$2,735,000 in 2022[43]. - In the PRC, the Group recorded property rental income of approximately HK$4,602,000 and management fee income of approximately HK$10,807,000, representing decreases of approximately 43.9% and 40.0% respectively compared to 2022[45]. Loan Financing Business - Interest income from the loan financing business from continuing operations decreased by approximately 57.5% to HK$2,786,000 for the year ended March 31, 2023, compared to HK$6,553,000 in 2022[67]. - The segment loss of the loan financing business from continuing operations was approximately HK$9,801,000 for the year ended March 31, 2023, compared to a segment profit of approximately HK$13,082,000 in 2022[67]. - The Group's loan financing business primarily targets individuals and corporate entities with short-term funding needs, requiring sufficient collateral for borrowings[67]. - The Group's credit policies include due diligence, credit appraisal, and continuous monitoring to manage credit risks effectively[70]. - The Group mainly provides short-term loans with maturities not exceeding two years, with repayment terms influenced by borrowers' repayment ability and market conditions[71]. - The Group's interest income from discontinued operations in loan financing was approximately HK$503,000 for the year ended March 31, 2023, down from approximately HK$1,177,000 in 2022, representing a decrease of approximately 57.3%[67]. - The largest borrower accounted for approximately 26% of the Group's loans receivable as of March 31, 2023, up from 17% in 2022[74]. Corporate Governance and Strategy - The Company is committed to maintaining high standards of corporate governance practices, integrating social and environmental concerns into its business operations[170]. - The Company has fully complied with all code provisions of the Corporate Governance Code during the year, ensuring diligence, accountability, and professionalism[171]. - The Group is committed to enhancing long-term values and interests for shareholders and stakeholders, focusing on sustainable growth in financial and ESG performance[192]. - The Group emphasizes disciplined management of revenue, profitability, margins, costs, capital, and investment returns to capture ongoing cost and revenue opportunities[192]. - The Board plays a key role in overseeing ESG strategy and governance, aiming to create long-term growth and sustainable value for stakeholders[193]. - The Group has established an ESG governance structure to oversee sustainability and ESG-related issues and risks[193]. - The Group promotes its corporate culture through various policies, including whistleblowing and anti-corruption policies[188]. - The roles of chairman and chief executive are separated to ensure effective governance[198]. - The Board consists of experienced individuals, with half being independent non-executive Directors, ensuring a balance of power and authority[199]. - The current leadership structure will be reviewed by the Board when appropriate, indicating a commitment to governance best practices[199].

Hong Kong Exchanges and Clearing Limited and The Stock 香港交易及結算所有限公司及香港聯 Exchange of Hong Kong Limited take no responsibility for 合交易所有限公司對本公佈的內容概 the contents of this announcement, make no representation 不負責，對其準確性或完整性亦不發 as to its accuracy or completeness and expressly disclaim 表任何聲明，並明確表示，概不對因本 any liability whatsoever for any loss howsoever arising from 公佈全部或任何部份內容而產生或因 or in reliance upon the whole or any part of the contents of 倚賴該等內容而引致之任何損失承擔 this announcement. 任何責任。 EMINENCE ENTERPRISE LIMITED 高山企業有限 ...