Financial Performance - Revenue for the six months ended 30 September 2021 was HK$1,364,779,000, an increase of 1.8% compared to HK$1,340,004,000 in the same period last year[13]. - Gross profit for the period was HK$168,658,000, down 9.4% from HK$186,066,000 in the previous year[13]. - Profit before income tax decreased to HK$87,553,000, a decline of 13.9% from HK$101,708,000 in the prior year[13]. - Profit for the period from continuing operations was HK$76,274,000, compared to HK$90,860,000 in the same period last year, representing a decrease of 16.0%[13]. - Total comprehensive income for the period was HK$82,682,000, down 28.4% from HK$115,362,000 in the previous year[15]. - Basic earnings per share from continuing operations was HK17.38 cents, a decrease from HK20.75 cents in the prior year[32]. - Other income and gains for the period amounted to HK$43,230,000, compared to HK$49,484,000 in the previous year[13]. - Selling and distribution expenses increased to HK$37,797,000 from HK$27,177,000, reflecting a rise of 39.0%[13]. - Administrative expenses were HK$79,768,000, down from HK$96,679,000, indicating a decrease of 17.5%[13]. - The company reported an income tax expense of HK$11,279,000, compared to HK$10,848,000 in the previous year[13]. Assets and Liabilities - Total assets increased to HK$3,257,950,000 as of September 30, 2021, compared to HK$3,210,833,000 as of March 31, 2021, reflecting a growth of approximately 1.5%[41]. - Current assets rose to HK$1,965,112,000, up from HK$1,874,202,000, indicating an increase of about 4.9%[41]. - Total equity attributable to equity holders increased to HK$1,582,179,000 from HK$1,499,496,000, representing a growth of approximately 5.5%[41]. - Non-current liabilities decreased to HK$185,297,000 from HK$255,021,000, showing a reduction of about 27.3%[41]. - Bank borrowings reduced significantly from HK$191,874,000 to HK$124,932,000, a decrease of approximately 34.9%[41]. - Total liabilities decreased to HK$1,675,771,000 from HK$1,711,337,000, indicating a reduction of approximately 2.1%[41]. - Deferred tax liabilities increased to HK$40,032,000 from HK$37,097,000, reflecting an increase of about 7.9%[41]. Cash Flow - Cash flows from operating activities were HK$69,498,000, a decrease from HK$87,636,000 in the prior year, reflecting a decline of approximately 20.7%[47]. - Net cash outflow from investing activities was HK$34,943,000, compared to a net cash outflow of HK$11,945,000 in the previous year, showing a significant increase in cash outflow[47]. - The company reported a net cash outflow from financing activities of HK$101,931,000, compared to a net cash outflow of HK$22,690,000 in the previous year, indicating increased financing costs[47]. - The Group's cash and bank balances as of September 30, 2021, were HK$323,586,000, down from HK$390,556,000 as of March 31, 2021[199]. Segment Performance - The Group is organized into four reportable operating segments: electrical and electronic products, motors, real estate development, and glass technology and application[64]. - Revenue from external customers for electrical and electronic products was HK$801,883,000, an increase from HK$562,896,000 in the previous period, representing a growth of 42.5%[78]. - The Electrical and Electronic Products Business Segment generated revenue of HK$801,883,000, accounting for 58.8% of the Group's total turnover, down from 62.3% in the previous year[148]. - The Motors Business Segment contributed HK$562,896,000, representing 41.2% of the Group's consolidated turnover, an increase from 37.7% in the prior year[148]. - Operating profit for the segment decreased by 40.7% year-on-year to HK$53,341,000, down from HK$89,979,000 in the first half of FY2021, due to raw material shortages and logistics disruptions[157]. Government Subsidies and Other Income - The company recognized government subsidy income of HK$23,768,000 during the period, compared to HK$31,225,000 in the first half of FY2021[83]. - The Group recognized subsidies of HK$15,727,000 during the period, which were included in other income and gains[135]. Future Outlook and Strategies - The Group is actively developing OEM+ business opportunities and has established a house brand healthcare product line, "Kin Yat Health," to diversify its product portfolio[143]. - The company plans to implement a "China Plus One" strategy by establishing a production facility in Malaysia to enhance production efficiency and flexibility[170]. - The Group aims to expand its customer base by exploring new applications for its products and targeting potential customers in the ASEAN region, such as Thailand and Vietnam[183]. - The Group plans to continue R&D efforts to develop more powerful, quieter, lighter, and energy-saving motors to enhance its product portfolio[185]. - The healthcare products sector is expected to enhance overall profitability due to its higher entry barriers and stability post-COVID-19[169].

Financial Performance - The Group recorded a revenue decline of 13.5% year-over-year to HK$2,693,865,000, down from HK$3,114,221,000 in the previous year[21] - Profit attributable to equity holders decreased by 39.1% to HK$103,626,000, compared to HK$170,049,000 in the previous year[21] - Gross profit margin improved by 1.2 percentage points to 11.9%, despite a decrease in overall gross profit from HK$333,341,000 to HK$319,645,000 due to lower turnover scale[21] - Basic earnings per share for the year were HK$23.61 cents, down from HK$38.74 cents in the previous year[45] - Segment operating profit decreased by 14.6% to HK$138,447,000, down from HK$162,172,000 in the previous year[56] - The Electrical and Electronic Products Business Segment contributed HK$1,639,837,000, representing 60.9% of the Group's total turnover, down from 70.7% in the previous year[40] - The Motors Business Segment saw an increase in turnover to HK$1,048,551,000, contributing 38.9% to the Group's consolidated turnover, up from 26.9% in the previous year[40] - The Electrical and Electronic Products Business segment's external turnover decreased by 25.5% to HK$1,639,837,000, contributing 60.9% to the Group's total revenue[53] - The Group's profit for the year ended March 31, 2021, is detailed in the financial statements, but no final dividend is recommended for shareholders[178] Strategic Initiatives - The Group is focusing on optimizing its customer mix and phasing out lower-margin orders to enhance pricing power and financial performance[22] - The Group aims to expand revenue streams by exploring new customers and improving the product portfolio mix[22] - The Group plans to establish a new production site in Southeast Asia to meet customer demand for flexible production solutions, although this plan is currently on hold due to COVID-19 and political instability[28] - The Group aims to enhance its customer portfolio and revenue streams by targeting sectors boosted by COVID-19 and developing a healthcare business platform[33] - The Group will maintain good relationships with existing brand owners to ensure stable cash flow while exploring Original Brand Manufacturing (OBM) opportunities[34] - The Group is committed to diversifying its strategies to mitigate risks associated with concentrated customer portfolios and production bases[30] - The Group plans to establish production lines in Malaysia for the Electrical and Electronic Products Business Segment by the end of 2021, enhancing capacity and trust with global brand customers[74] - The Group aims to diversify its production base outside of China, particularly in Southeast Asia, to mitigate geopolitical risks and explore new business opportunities[74] Market Dynamics - The COVID-19 pandemic has led to a shift in consumer behavior, increasing demand in sectors such as office equipment and home appliances, which may benefit the Group's business[14] - The Sino-U.S. trade war has prompted brand owners to consider diversifying production sites, impacting the Group's operational strategies[15] - The pandemic has reshaped market dynamics, creating new opportunities for the Group to expand its client mix and market share[81] - The Robotics sector faced order reductions and pricing pressure due to Sino-U.S. trade tensions, impacting profitability[57] - The Juvenile products sector benefited from increased orders driven by the stay-at-home economy, with baby gears and STEAM education products as major growth drivers[63] Cost Management - The Group is committed to stringent cost control measures to stabilize raw material and labor costs amid rising material prices and currency fluctuations[21] - The Group implemented stringent cost control measures to stabilize raw material and labor costs while optimizing the product mix[41] - The Group will strategically secure sufficient inventories of key raw materials to ensure stable supply and reduce profit pressure amid rising raw material prices[75] - Continuous automation and internal management improvements are being implemented to maximize capital reserves and maintain stringent cost control[97] Healthcare Sector Development - The Group established a healthcare product line, "Kin Yat Health," producing disposable facial masks, responding to the COVID-19 pandemic[68] - In November 2020, the Group obtained the Medical Device Registration Certificate from the Guangdong Medical Products Administration, allowing expansion into the healthcare sector[27] - The healthcare products sector aims to diversify its offerings and expand its customer base, having received medical device certifications[69] - The Group will gradually allocate more resources to develop new products in the healthcare sector to diversify macro and geopolitical risks[71] Employee and Management - As of March 31, 2021, the group employed approximately 7,400 full-time employees, with fewer than 150 based in Hong Kong, while the majority worked in China and Malaysia[147] - The group has established an employee stock option plan to incentivize and reward high-performing employees, with the number of options granted based on individual performance and rank[147] - The company’s remuneration committee reviews and determines the compensation of individual executive directors and senior management based on industry standards and market conditions[147] - The annual report highlights the company's commitment to employee welfare and competitive compensation structures to attract and retain talent[147] Financial Position - As of March 31, 2021, the Group's cash and bank balances increased to HK$390,556,000, up from HK$256,606,000 in the previous year, representing a growth of approximately 52%[127] - The Group's net current assets rose to HK$417,886,000, compared to HK$283,068,000 as of March 31, 2020, indicating a year-on-year increase of about 48%[127] - Shareholders' equity increased to HK$1,499,496,000 from HK$1,225,920,000, reflecting a growth of approximately 22%[127] - The total bank borrowings decreased slightly to HK$659,546,000 from HK$676,809,000, showing a reduction of about 3%[127] - The current ratio improved to 1.29 times from 1.22 times, indicating better liquidity management[129] - The gearing ratio decreased to 44.0% from 55.2%, suggesting a reduction in financial leverage[129] Risk Management - The Group's risk management and internal control systems are in place to continuously identify and manage principal risks[196] - The Group recognizes that adverse economic conditions may negatively impact its operational results and financial performance[197] - The ongoing COVID-19 pandemic has caused delays in the Group's production base planning schedule[198] - The Group is considering a multi-nationalised approach to mitigate political and economic risks associated with its production bases[198] Corporate Social Responsibility - Charitable donations made by the Group during the year amounted to HK$187,000, a decrease from HK$233,000 in the previous year[179] - The Group's charitable contributions reflect a commitment to social responsibility, despite a reduction in donation amounts compared to the previous year[179]

Financial Performance - Revenue for the six months ended 30 September 2020 was HK$1,340,004, a decrease of 28% compared to HK$1,861,015 in the same period of 2019[13]. - Gross profit increased to HK$186,066, representing a gross margin of approximately 13.9%, compared to HK$176,394 in 2019[13]. - Profit before income tax for the period was HK$101,708, up 16.6% from HK$87,251 in the previous year[13]. - Profit for the period attributable to equity holders of the Company was HK$90,378, an increase of 15.4% from HK$78,377 in 2019[13]. - Total comprehensive income for the period was HK$115,362, compared to a loss of HK$16,844 in the same period of 2019[15]. - Earnings per share for continuing operations was HK20.75 cents, up from HK18.40 cents in the previous year[17]. - The Company reported an exchange translation reserve gain of HK$24,922 from foreign operations, compared to a loss of HK$92,996 in 2019[15]. - The total comprehensive income attributable to equity holders of the Company from continuing operations was HK$116,060, compared to a loss of HK$12,117 in 2019[17]. - Profit for the period was HK$90,378, compared to HK$78,377 in the previous period, an increase of 15.5%[24]. - Total comprehensive income for the period was HK$115,359, reflecting an increase from HK$90,159, a growth of 28.0%[24]. Assets and Liabilities - Total assets increased to HK$3,041,720, up from HK$2,874,361, representing a growth of 5.8%[19]. - Total equity rose to HK$1,341,444, compared to HK$1,226,082, reflecting an increase of 9.4%[21]. - Current liabilities increased to HK$1,384,611, up from HK$1,169,878, marking a rise of 18.3%[21]. - Non-current liabilities decreased to HK$315,665 from HK$382,805, a reduction of 17.5%[21]. - Cash and cash equivalents increased to HK$308,686, compared to HK$244,681, showing a growth of 26.2%[19]. - Total non-current assets decreased to HK$1,272,507 from HK$1,325,819, a decrease of 4.0%[19]. - Accounts and bills receivable rose to HK$473,311,000 as of 30 September 2020, compared to HK$228,426,000 at the end of March 2020, representing a significant increase of 107.5%[88]. - The current portion of financial liabilities increased to HK$820,025,000 from HK$624,131,000[126]. Cash Flow - Cash flows from operating activities decreased to HK$87,636,000, down 67.7% from HK$271,511,000 in the previous year[27]. - Net cash outflow from investing activities was HK$11,945,000, a significant reduction from HK$115,896,000 in the prior year[27]. - Cash flows from financing activities resulted in a net outflow of HK$22,690,000, compared to a net outflow of HK$99,967,000 in the previous year[27]. - The net increase in cash and cash equivalents for the period was HK$53,001,000, slightly lower than HK$55,648,000 in the same period last year[27]. - Cash and cash equivalents at the end of the period stood at HK$325,437,000, an increase from HK$288,484,000 at the end of the previous year[27]. - The Group's total cash inflow from the disposal of subsidiaries amounted to HK$37,448,000 during the period[27]. Segment Performance - The Group's total revenue for the period was HK$1,345,515,000, with segment revenue from electrical and electronic products at HK$852,207,000 and motors at HK$507,405,000[44]. - Segment results showed an operating profit of HK$89,979,000 for electrical and electronic products and HK$41,893,000 for motors, totaling HK$111,427,000 for continuing operations[44]. - The Electrical and Electronic Products Business Segment generated external turnover of HK$834,214,000, accounting for 62.3% of the Group's consolidated turnover, a decrease of 40.3% from HK$1,397,142,000 in the same period last year[147]. - The Motors Business Segment contributed HK$505,790,000, representing 37.7% of the Group's consolidated turnover, an increase from HK$463,770,000 in the previous year[147]. - Despite the decrease in turnover, segment profit increased by 14.9% to HK$89,979,000 during the period, up from HK$78,342,000 in the first half of FY2019[157]. - The segment results for electrical and electronic products showed a profit of HK$78,342,000, while motors generated a profit of HK$31,662,000[49]. Operational Challenges and Strategies - The Group's turnover decreased by 28.0% YoY, from approximately HK$1,861,015,000 to approximately HK$1,340,004,000 due to reduced orders from major customers and order postponements amid the COVID-19 pandemic[143][145]. - The robotics sector faced downward pricing pressures due to U.S. tariffs and rising operating costs in China, impacting profitability[158]. - The company plans to diversify its product mix and client portfolio towards less cyclical industries for sustainable growth[171]. - The company is committed to investing in engineering capabilities and R&D to enhance competitive advantages in the market[169]. - The Group's proactive measures included managing raw material and labor costs, maintaining a balanced production schedule, and enhancing customer and product diversity[147]. Market and Product Development - The company has established a new house brand production line, "Kin Yat Health," to diversify its business portfolio[142]. - The company has a strong R&D capability, focusing on technology-driven production in robotics, juvenile products, and smart products[142]. - The company aims to leverage its reliable quality products and strong manufacturing capabilities to expand its clientele during the current market consolidation[180]. - The company plans to continue developing new products for existing clients and explore new opportunities to diversify risks[167]. - The diversified product portfolio of the juvenile products sector helped mitigate the impact of the COVID-19 pandemic on demand[168]. Real Estate and Property Development - The real estate development segment reported a loss of HK$21,224,000, compared to a loss of HK$2,847,000 in the first half of FY2019, primarily due to a one-off impairment loss of HK$20,400,000[196]. - The COVID-19 pandemic adversely affected sales momentum, with no property unit sales closed during the period[198]. - The segment anticipates a boost in property sales from the future commissioning of the Guiyang-Naning high-speed train services[199]. - The segment aims to explore the possibility of realizing remaining property units as a whole, with a total saleable area of approximately 22,000 square meters for residential units and 5,000 square meters for commercial properties[200].

Financial Performance - The Group's consolidated turnover decreased by 24.8% year-over-year to HK$3,114,221,000, down from HK$4,139,886,000 in the previous year[17]. - Gross profit increased to HK$333,341,000, compared to HK$289,876,000 in the previous year, resulting in a gross profit margin of 10.7%, up from 7.0%[17]. - Profit attributable to equity holders of the Company was HK$170,049,000, an increase from HK$112,384,000 in the previous year[17]. - The Group's total revenue decreased by 24.8% year-on-year to HK$3,114,221,000, while gross profit increased to HK$333,341,000, resulting in a gross profit margin of 10.7%[19]. - Profit attributable to equity holders rose by 51.3% year-on-year from HK$112,384,000 to HK$170,049,000, with basic earnings per share increasing to HK38.74 cents from HK25.61 cents[48]. - The Group's consolidated turnover decreased by 24.8% year-on-year, from approximately HK$4,139,886,000 to approximately HK$3,114,221,000 for the financial year ended March 31, 2020[42][44]. Market Environment - The macro environment was affected by the Sino-US trade dispute and the COVID-19 pandemic, leading to conservative order placements from downstream brand owners[17]. - The global economic shutdown due to COVID-19 disrupted supply chains and reduced purchasing power, creating a challenging operating environment for manufacturers[12]. - The year was characterized by unpredictability due to fluctuating trade negotiations between China and the U.S.[11]. - The COVID-19 pandemic led to significant disruptions, including city lockdowns and manufacturing suspensions, impacting global supply chains and consumer demand[42][44]. Cost Control and Efficiency - The Company implemented stringent cost control measures in materials, contributing to the improved gross profit margin[17]. - Selling and distribution expenses decreased by 29.8% due to stringent cost control measures implemented by the Group[22]. - The Group aims to maintain a lean cost structure through increased automation and efficient management practices[22]. - The Group plans to enhance automation levels to lower unit costs and improve profitability amid the economic downturn[75]. - The Group is focused on stringent cost control measures over raw materials and labor costs[99]. Business Diversification and New Products - The Group successfully established a new business line for manufacturing house brand medical protective facemasks with a maximum daily production capacity of approximately 500,000 pieces[23]. - The house brand "Kin Yat Health" facemask product was launched in April 2020 and received positive customer feedback, with plans to explore additional healthcare products to diversify revenue streams[27]. - The Group is developing new products such as children's facemasks and protective clothing, which have attracted interest from overseas customers[33]. - The Group launched the "Kin Yat Health" brand to diversify its business portfolio into health care products, including masks and protective gear[41][43]. - The company plans to expand its product offerings under the "Kin Yat Health" brand to include various healthcare products, including disinfection products[85]. Operational Adjustments - The production of products for a major customer in the electrical and electronic products segment was reduced to balance the production schedule and product portfolio[17]. - The Group is developing new products such as children's masks and protective clothing for medical personnel, which have attracted interest from overseas clients[35]. - The Group has relocated a production line from the PRC to Malaysia to diversify production solutions in response to the Sino-US trade dispute[75]. - The Group is focusing on automation and upgrading to Industry 4.0 to improve production efficiency and better serve major customers[59]. Financial Position and Cash Flow - The Group's cash flow has been improving, and it continues to make solid progress in implementing key strategic initiatives despite the challenges posed by COVID-19[31]. - As of March 31, 2020, the Group's cash and bank balances amounted to HK$256,606,000, an increase from HK$227,170,000 as of March 31, 2019[106]. - The Group's net current assets were HK$283,068,000 as of March 31, 2020, compared to net current liabilities of HK$192,183,000 as of March 31, 2019[106]. - The current ratio improved to 1.22 times as of March 31, 2020, up from 0.91 times as of March 31, 2019[106]. - Total bank borrowings decreased to HK$676,809,000 as of March 31, 2020, down from HK$810,106,000 as of March 31, 2019[106]. Corporate Governance and Compliance - The company is focused on maintaining high standards of corporate governance through its independent directors[132]. - The annual report emphasizes the commitment to transparency and accountability in financial reporting[138]. - The Group's operations are regulated by local laws in Hong Kong and Mainland China, and it has complied with relevant laws and regulations during the Year[143]. - The Group continues to implement strategies to strengthen market penetration and reduce dependency on specific markets due to adverse economic conditions[149]. Customer and Supplier Relationships - The Group faces high customer concentration risks, relying on large international customers for product development, which poses potential long-term risks[150]. - The Group has established long-term partnerships with suppliers to mitigate supply chain risks and ensure stable material supply[151]. - During the Year, sales to the Group's five largest customers accounted for 73% of total sales, with the largest customer contributing 55% of total sales[186]. - Purchases from the Group's five largest suppliers accounted for 34% of total purchases, with the largest supplier contributing 15% of total purchases[186].

Financial Performance - Revenue for the six months ended September 30, 2019, was HK$1,892,147, a decrease of 10.3% compared to HK$2,109,790 in the same period of 2018[14] - Gross profit for the period was HK$179,775, down from HK$182,722, reflecting a gross margin of approximately 9.5%[14] - Profit for the period increased to HK$76,483, representing a 38.5% increase from HK$55,246 in the previous year[16] - Earnings per share attributable to equity holders was HK17.86 cents, compared to HK12.49 cents in the same period last year, marking a 42.5% increase[14] - The company reported a total comprehensive loss for the period of HK$16,844, compared to a loss of HK$50,235 in the previous year, showing improvement[16] - Total comprehensive loss for the period was HK$16,844,000, compared to a profit of HK$78,377,000 in the previous period[23] - Profit before tax for the period was HK$83,236,000, compared to HK$66,102,000 in the same period of 2018, indicating a growth of 25.9%[66] - Profit for the period attributable to equity holders of the Company was HK$78,377,000, an increase of 43% compared to HK$54,803,000 in the same period last year[88] - Basic earnings per share increased to HK$0.178 from HK$0.125, reflecting a growth of 42.4% year-on-year[88] Assets and Liabilities - Total assets as of September 30, 2019, were HK$3,159,275, a decrease from HK$3,389,471 as of March 31, 2019[18] - Current assets totaled HK$1,686,814, down from HK$1,847,987, primarily due to a reduction in inventories and accounts receivable[18] - Total equity attributable to equity holders of the Company decreased from HK$1,205,512,000 as of 31 March 2019 to HK$1,146,866,000 as of 30 September 2019, a decline of approximately 4.9%[20] - Total liabilities decreased from HK$2,179,545,000 as of 31 March 2019 to HK$1,965,888,000 as of 30 September 2019, representing a reduction of about 9.8%[20] - Current liabilities decreased from HK$2,040,170,000 as of 31 March 2019 to HK$1,614,452,000 as of 30 September 2019, a decline of about 20.9%[20] - Total non-current liabilities increased significantly from HK$139,375,000 as of 31 March 2019 to HK$351,436,000 as of 30 September 2019, an increase of approximately 152.5%[20] Cash Flow - Cash flows from operating activities increased significantly to HK$271,511,000, up from HK$39,092,000 in the previous year, representing a growth of 594%[26] - Net cash flows used in investing activities were HK$115,896,000, a decrease from HK$146,694,000 year-over-year, indicating a reduction of 21%[26] - Cash flows from financing activities resulted in a net outflow of HK$99,967,000, compared to a net inflow of HK$151,465,000 in the prior year, reflecting a change of 166%[26] - The net increase in cash and cash equivalents for the period was HK$55,648,000, compared to HK$43,863,000 in the previous year, showing an increase of 27%[26] - Cash and cash equivalents at the end of the period reached HK$288,484,000, up from HK$191,837,000, marking a growth of 50%[26] Segment Performance - The Group has four reportable operating segments: electrical and electronic products, motors, glass technology and application, and real estate development[63] - Revenue from electrical and electronic products was HK$1,397,142,000, down from HK$1,560,377,000, representing a decline of 10.4% year-over-year[72] - The Electrical and Electronic Products segment accounted for HK$1,397,142,000, representing 73.8% of the Group's consolidated turnover[134] - The Motors segment generated HK$463,770,000, representing 24.5% of the Group's consolidated turnover[134] - The Glass Technology and Application segment contributed HK$31,235,000, accounting for 1.7% of the Group's consolidated turnover[135] - No turnover was recorded from the Real Estate Development Business segment during the period[135] Cost Management - The Group's gross profit decreased from HK$182,722,000 to HK$179,775,000, despite an increase in gross profit margin due to cost control efforts[139] - The segment operating profit increased by 69.7% to HK$78,342,000 during the period, compared to HK$46,163,000 in the first half of FY2018, due to significant efforts in reducing selling and administrative expenses[145] - The motors segment is focusing on the video game industry, recognizing potential in the game controller market due to brand recognition[175] - The segment has implemented stringent cost control measures to mitigate the impact of reduced sales volume on gross profit margin[164] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in the interim report[9] - The robotics sector has established a strong foundation in home-use robotics manufacturing, but sales dropped due to Sino-US trade tensions and tariffs, leading to more conservative order placements[149] - The sector is adopting a two-pronged strategy of strategic production planning and automation upgrades to improve profitability and efficiently utilize existing capacities[150] - The company is actively seeking to expand production footholds outside of China, particularly in Southeast Asia, to increase profitability[152] - The company is developing brushless direct current motors, expected to commercialize in 2020, which offer higher efficiency and longer lifespan compared to brushed motors[177] Real Estate Development - The real estate development segment reported a loss of HK$2,847,000 during the period, an improvement from a loss of HK$3,492,000 in 1H FY2018, as pre-sales could not be recognized as revenue[190] - Approximately HK$70,000,000 was received for contracted sales of property development as of September 30, 2019[195] - The sales of residential floor area in Guizhou province increased by 8.7% year-on-year, indicating strong demand for residential properties[196] - Approximately 70 units of The Jardin Montsouris have been contracted to sell for a total of approximately RMB30,000,000, with prepayments of approximately RMB10,000,000 received so far[198] - Commercial property units are expected to begin sales in early 2020[200]

® KIN YAT HOLDINGS LIMITED | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------------|-------|-------|-------|-------------------------------------------------------------| | | | | | | | 建 溢 集 團 有 限 公 司 website 網址 : http://www.kinyat.com.hk | | | | | | (Incorporated in Bermuda with limited liability) (於百慕達註冊成立之有限公司) (Stock Code 股份代號：638) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ...