Financial Performance - The Group reported a revenue of HK$4,013 million for the year, representing a 16% increase compared to HK$3,473 million in the previous year[43]. - Gross profit for the year was HK$1,148 million, reflecting a 21% increase from HK$946 million in the prior year[43]. - Profit attributable to equity shareholders was HK$549 million, up 23% from HK$445 million in the previous year[43]. - Basic earnings per share increased to 27.2 HK cents, a rise of 22% from 22.3 HK cents in the previous year[43]. - The Group's total assets amounted to HK$5,066 million, with shareholders' equity at HK$1,697 million[43]. - The gross profit margin improved to 28.6%, while the net profit margin was 13.7%[43]. - Revenue for the year ended 31 March 2022 was HK$4,013 million, an increase from HK$3,473 million in the previous year, representing a growth of 15.5%[159]. - Net profit for the year was HK$549 million, up from HK$445 million, reflecting a year-on-year increase of 23.4%[159]. - Gross profit margin improved to 28.6% in 2021/22, compared to 27.2% in 2020/21[159]. Market Capitalization - Market capitalization as of March 31, 2022, was HK$2,991,537,616, with a closing price of HK$1.48[20]. - Market capitalization as of June 30, 2022, decreased to HK$2,870,259,064, with a closing price of HK$1.42[20]. Corporate Governance - The company has a strong corporate governance structure with various committees overseeing operations[10]. - The Company has established an audit committee, a nomination committee, and a remuneration committee to maximize Board effectiveness and encourage active participation[192]. - The Company has implemented measures to ensure good corporate governance, including compliance with the Corporate Governance Code[171][176]. - The Board collectively holds responsibility for formulating the Group's overall objectives and strategies, as well as approving annual and interim results[182]. - The Company will continue to review its corporate governance practices to achieve high standards[176][179]. Dividends - The Group has recommended a final dividend of HK4.0 cents per share, down from HK7.0 cents per share in the previous year, resulting in a total dividend of HK9.5 cents per share for the year, compared to HK11.5 cents per share last year[138]. - The Group's dividend policy aims to distribute 30% or more of its profits attributable to shareholders as dividends, maintaining a 26-year record of uninterrupted dividend payments[149]. - The interim dividend for the year was HK4.5 cents per share, an increase from HK4.0 cents per share in the previous year[138]. - The Group's dividend policy aims to maintain a track record of consecutive annual payments, recommending a final dividend of HKD 4.0 cents per share for shareholders[99]. Business Expansion and Strategy - The company is focused on expanding its market presence and enhancing product offerings[6]. - The Group is committed to improving production efficiency and reducing costs for new products to enhance price competitiveness[71]. - The Thailand factory has officially opened, marking a key step in the Group's "China Plus One" strategy to diversify regional risks and increase production flexibility[69]. - The Group continues to invest in industrial development, diversify products, and enhance intelligent production to create value for customers and stakeholders[93]. - The Group plans to adapt its business development plans in response to market changes and explore potential customers to increase profit margins[106]. Employee Engagement and Well-being - The Group emphasizes employee well-being and organized recreational activities to support mental health during the ongoing pandemic[89]. - The average number of employees increased to approximately 3,700, up from 3,350 in the previous year, to meet order demand[129]. - The performance-based bonus system has been adopted, allowing employees with outstanding performance to receive higher bonuses than before[137]. - The Group has established a "Cooperative Home" program to encourage and finance local talent in purchasing flats, addressing the need for talent retention in a competitive labor market[131]. Environmental Initiatives - The Group received multiple awards for its environmental initiatives, including the "EcoChallenger" and "5 Years+ EcoPioneer" awards[22]. Financial Ratios and Metrics - The current ratio decreased to 1.3, and the quick ratio fell to 1.0, indicating a decline in liquidity[43]. - The Group's non-current assets to total equity ratio was 77% as of March 31, 2022, compared to 59% the previous year, indicating stable support from total equity[118]. - As of March 31, 2022, net interest-bearing borrowings were approximately HK$297,712,000, with a net interest-bearing borrowings ratio of 18%, up from 15% the previous year[112]. - The Group's total interest-bearing bank borrowings were approximately HK$1,201,184,000, with cash and bank deposits of approximately HK$924,048,000, ensuring sufficient resources for operational and capital expenditure needs[120]. Acquisitions and Investments - The Group completed the acquisition of Kar Info International Property Limited and Jiaxuntong for a total consideration of USD 100 and RMB 38,000,000, respectively, on March 8, 2022[83]. - The acquisition of Dongguan City Jiaxuntong Computer Products Limited contributed an estimated HK$26,097,000 to the profit for the year ended 31 March 2022[48]. - Without the acquisition, profit attributable to shareholders would have increased by approximately 42% compared to HK$365,281,000 in the previous year[48]. Revenue Breakdown - The revenue breakdown by business segments showed 23% from real estate, 48% from electronics manufacturing services, and 29% from metal and plastic business[39]. - The industrial business revenue increased by approximately 10% to HK$3,075,013,000, up from HK$2,793,374,000[54]. - The Real Estate Business recorded a revenue of HK$938,421,000, representing a 38% increase compared to HK$679,424,000 in the previous year[57]. - M&P revenue for the year ended March 31, 2022, increased by approximately 1% to HK$1,920,032,000, compared to HK$1,895,368,000 for the year ended March 31, 2021[58]. - EMS revenue for the year ended March 31, 2022, increased by approximately 29% to HK$1,154,981,000, compared to HK$898,006,000 for the year ended March 31, 2021, driven by increased market demand for storage products[58].

Financial Performance - For the six months ended September 30, 2021, Karrie International Holdings Limited reported total assets of HKD 4,454,837,000, an increase of 22% from HKD 3,651,437,000 as of March 31, 2021[6] - Revenue for the six months ended September 30, 2021, was HK$1,909,904, representing a 29.6% increase from HK$1,472,297 in 2020[10] - Gross profit for the same period was HK$525,048, with a gross profit margin of approximately 27.5%[10] - Operating profit increased significantly to HK$434,536, up from HK$223,358, marking a 94.5% growth year-over-year[10] - Profit for the period attributable to equity shareholders was HK$253,327, compared to HK$152,082 in 2020, reflecting a 66.6% increase[10] - Basic earnings per share rose to 17 HK cents, up from 12.6 HK cents, indicating a 34.1% increase[11] - Total comprehensive income for the period was HK$275,934, compared to HK$190,643 in the previous year, a growth of 44.7%[13] Assets and Liabilities - The company's current assets rose to HKD 3,452,365,000, up 26% from HKD 2,749,957,000 in the previous period[6] - Current liabilities increased to HKD 990,367,000, up 23% from HKD 803,798,000[8] - The net current assets improved to HKD 1,377,547,000, up from HKD 1,161,469,000, indicating a positive liquidity position[8] - Bank borrowings rose to HKD 316,949,000, reflecting a 5% increase from HKD 301,010,000[8] - Total bank borrowings increased to $1,100,864,000 as of September 30, 2021, from $917,466,000 as of March 31, 2021, reflecting a rise of approximately 19.9%[70] Investments and Cash Flow - Net cash generated from operating activities for the six months ended 30 September 2021 was HKD 114,692,000, compared to HKD 22,280,000 for the same period last year, representing a significant increase[20] - The net cash used in investing activities was HKD 114,912,000, up from HKD 34,394,000 in the previous year, indicating increased investment expenditures[20] - Cash and cash equivalents at the end of the period increased to HKD 166,289,000 from HKD 123,723,000, reflecting a net increase of HKD 20,688,000[20] Dividends - The company paid dividends of HK$141,259 during the period[15] - An interim dividend of HK 4.5 cents per share was declared, up from HK 4.0 cents per share in the previous year[95] - The final dividend for the year ended 31 March 2021 was $141,259,000, representing an increase from $99,882,000 in 2020[93] Operational Focus and Strategy - Karrie International is focusing on expanding its market presence and enhancing product development strategies[6] - The company is actively exploring potential mergers and acquisitions to drive growth and innovation[6] - The Group's operating segments include metal and plastic business, electronic manufacturing services, and real estate business, indicating a diversified operational focus[22] Employee and Management - Employee benefit expenses rose to $236,106,000, up 27.9% from $184,465,000 in the previous year[77] - The Group's employee count increased from approximately 3,400 to 3,690, reflecting a strong reputation in the local community and effective recruitment strategies[180][183] - Employee remuneration packages are aligned with market standards and performance, with bonuses awarded based on audited business performance[181][183] Real Estate and Development - The Group's real estate business recorded revenue of HK$400,322,000 for the period, a significant increase from HK$175,820,000 for the same period last year, with a total area of 12,236 square meters sold at an average price of approximately RMB29,700 per square meter[153] - The construction of the new "Karrie Craftsmanship Building" is progressing well, having completed the topping-out phase, and is designed with environmentally friendly materials to reduce energy consumption[151] - The renovation of the factory in Thailand has been completed, with trial production expected to commence in the first quarter of next year, despite delays in machinery shipment due to global trade transportation issues[152] Financial Position and Risk Management - The Group's financial position is considered healthy, with a non-current assets to total equity ratio of approximately 64%[171][176] - The Group actively manages foreign currency risk, primarily in HKD, USD, and RMB, and may use foreign exchange forward contracts to hedge against fluctuations[173][177] Shareholding Structure - Directors and chief executives hold significant interests in the company, with Mr. Ho Cheuk Fai holding 72.66% of the issued share capital[186][188] - The total number of shares in the Ho Family Trust is 817,608,000[200] - The ownership structure indicates a concentration of shares within the Ho family[200]

Financial Performance - Revenue for 2021 was HK$3,193 million, an increase from HK$2,902 million in 2020, representing a growth of approximately 10%[27]. - Profit attributable to equity shareholders for 2021 was HK$365 million, up from HK$250 million in 2020, marking a growth of 46%[27]. - Basic earnings per share increased to 18.3 HK cents in 2021 from 12.6 HK cents in 2020, reflecting a rise of 45%[28]. - Dividends per share for 2021 were 11.5 HK cents, compared to 9.0 HK cents in 2020, indicating a 28% increase[29]. - The gross profit margin improved to 22.4%, up from 18.2%, reflecting a 23% increase[46]. - The operating profit for the year was HK$533 million, a 40% increase from HK$381 million in the previous year[46]. - The real estate business recorded a revenue of HK$399 million, a 47% increase from HK$272 million in the previous year[51]. - The operating profit of the real estate business surged 67% to HK$230 million from HK$138 million in the previous year[51]. - The industrial business revenue increased by approximately 6% to HK$2,793 million from HK$2,630 million in the previous year[47]. - The net profit for the year 2020/21 was HK$365 million, up from HK$250 million in 2019/20, indicating a growth of 46%[134]. - The gross profit margin improved to 22.4% in 2020/21, compared to 18.2% in 2019/20, reflecting a positive trend in profitability[134]. Dividends and Shareholder Returns - The final dividend for the financial year 2020/21 is expected to be paid on September 15, 2021[11]. - A final dividend of HK7.0 cents per share has been recommended for distribution to shareholders[83]. - The company has maintained an unbroken 25 years' record of dividend payments, with a policy to distribute 30% or more of its profits attributable to shareholders as dividends[125]. - The company’s dividend payout ratio for 2020/21 was 60%, consistent with its policy of distributing a significant portion of profits[125]. Strategic Initiatives and Market Expansion - The company is focusing on a "go global" strategy to enhance capabilities and establish a long-term foundation in the ASEAN market[4]. - Investment in a new production complex is planned to expand business into the Mainland China market with a "Bringing In" strategy[4]. - The company aims to maintain a well-balanced and diversified business and customer base through ongoing change and reform[4]. - The company continues to prioritize innovation and competitive edge in the Mainland China market[4]. - The Group plans to expand its market share in server chassis by extending production bases overseas, starting with automated production lines in Thailand[64]. - The electric vehicle market is anticipated to grow rapidly, with the Group participating in orders related to electric vehicle charging piles, laying the foundation for its business in this area[88]. - The Group is actively seeking cooperation with other property developers for urban renewal projects in Guangdong, aiming to capitalize on the development potential of the Greater Bay Area[95]. Corporate Governance and Management - The Board of Directors consists of nine members, including Mr. Ho Cheuk Fai as Chairman and CEO, and has collective responsibility for the Group's leadership and governance[159]. - The Company is committed to enhancing shareholder value and providing superior products and services, with the Board responsible for formulating overall objectives and strategies[163]. - The Company has taken sufficient measures to avoid conflicts of interest in the nomination process, with relevant Directors abstaining from voting on their own reappointments[157]. - The Company’s governance practices comply with the Corporate Governance Code, with measures in place to ensure good corporate governance[154]. - The Board is responsible for approving annual results, interim and quarterly results, and declaring dividends[163]. - The Company has adopted a board diversity policy to achieve balanced diversity at the Board, considering various criteria such as gender, age, and cultural background[195]. - The Board reviewed its structure, size, and composition, concluding that it is well balanced and diversified with the necessary skills and experience for the Group's business[197]. Operational Developments - The company established additional automated production lines in Thailand to diversify its production base[18]. - A new production complex named "Karrie Craftsmanship Building" is under construction in Dongguan, China, with a gross floor area of approximately 44,500 sq.m, expected to be completed in phases by 2022[61]. - The Group invested in upgrading automation technology, including the application of 3D printing and the introduction of an intelligent inspection system to enhance product quality[56]. - The Thailand Plant is expected to commence production by the end of 2021, leveraging tax concessions and free investment policies to diversify the customer base and product portfolio[91]. Financial Position and Capital Expenditure - The Group's net interest-bearing borrowings as of March 31, 2021, were approximately HK$500,438,000, with a net interest-bearing borrowings ratio of 35%, down from 56% the previous year, indicating a healthier financial position[100]. - The non-current assets to total equity ratio as of March 31, 2021, was 63%, down from 76% the previous year, reflecting stable support from total equity[104]. - The initial estimate of the capital expenditure budget for the financial year 2021/22 is approximately HK$172,090,000, primarily for factory construction and machinery acquisition[105]. - The total interest-bearing bank borrowings amount to approximately HK$917,466,000, with cash and bank deposits of about HK$144,978,000, indicating sufficient resources to meet operational and capital expenditure needs[110]. Employee and Social Responsibility - The average number of employees during the year was approximately 3,350, a decrease from 3,500 in the corresponding period last year, reflecting stable recruitment conditions[116]. - The Group has adopted a performance-based bonus system, resulting in higher bonuses for employees with outstanding performance compared to the previous system[122]. - The Group is committed to sustainable operation and corporate social responsibility, focusing on environmental protection and community care[70]. - The Group has established a "Cooperative Home" program to encourage and finance local talent in purchasing flats, aimed at talent retention in a competitive labor market[118].

Financial Performance - Revenue for the six months ended September 30, 2020, was HK$1,472,297, an increase from HK$1,424,748 in the same period of 2019, representing a growth of 3.3%[18] - Gross profit for the period was HK$315,343, compared to HK$239,153 in 2019, reflecting a significant increase of 31.8%[18] - Operating profit rose to HK$223,358, up from HK$176,199 in the previous year, marking a growth of 26.8%[18] - Profit for the period attributable to equity shareholders was HK$152,082, an increase of 32.9% from HK$114,415 in 2019[21] - Basic and diluted earnings per share increased to HK$7.6, compared to HK$5.7 in the same period last year, representing a growth of 33.3%[18] - Total comprehensive income for the period was HK$190,643, compared to HK$49,270 in 2019, indicating a substantial increase of 286.5%[21] - Profit before taxation for the six months ended September 30, 2020, was $221,392,000, compared to $165,726,000 for the same period in 2019, indicating a growth of approximately 33.6%[66] - Profit attributable to equity shareholders increased to $152,082,000 in 2020 from $114,415,000 in 2019, representing a growth of approximately 32.9%[123] Assets and Liabilities - The unaudited consolidated total assets of Karrie International Holdings Limited as of September 30, 2020, amounted to HKD 3,394,728,000, an increase of 12.4% from HKD 3,018,785,000 as of March 31, 2020[6] - Non-current assets increased to HKD 913,027,000 from HKD 893,289,000, reflecting a growth of 2.0%[6] - Current assets rose to HKD 2,481,701,000, up 16.8% from HKD 2,125,496,000[6] - Total liabilities increased to HK$2,126,365 from HK$1,843,085, reflecting a rise of 15.4%[18] - Total equity as of September 30, 2020, was HK$1,268,363, up from HK$1,175,700 as of March 31, 2020, indicating an increase of 7.9%[18] Cash Flow and Investments - For the six months ended September 30, 2020, net cash generated from operating activities was HK$22,280,000, a decrease from HK$105,723,000 in the same period of 2019[35] - Cash and cash equivalents at the end of the period were HK$123,723,000, down from HK$254,936,000 at the end of the same period in 2019[35] - Cash generated from operations was HK$27,605,000, significantly lower than HK$112,081,000 in the previous year[35] - The company experienced a net decrease in cash and cash equivalents of HK$144,559,000 during the period[35] - Cash and bank deposits increased significantly to HKD 388,634,000, compared to HKD 297,482,000, representing a growth of 30.6%[6] - The group acquired property, plant, and equipment at a cost of approximately $42,877,000 during the six months ended September 30, 2020, compared to $32,562,000 for the same period in 2019[67] Business Segments and Revenue Sources - The company is engaged in multiple business segments, including Metal and Plastic Business, Electronic Manufacturing Services, and Real Estate Business[40] - Revenue from the metal and plastic business was $914,207,000, while the electronic manufacturing services business generated $394,732,000, and the real estate business contributed $175,820,000 for the six months ended September 30, 2020[60] - The turnover of the metal and plastic business increased by approximately 18% to HK$901,745,000 compared to HK$761,320,000 in the same period last year[181] - The electronic manufacturing services business turnover decreased by approximately 27% to HK$394,732,000 from HK$544,089,000 in the same period last year[182] - Overall industrial business revenue remained stable at HK$1,296,477,000, with operating profit rising approximately 19% to HK$136,640,000 from HK$115,289,000 in the same period last year[183] Strategic Focus and Future Outlook - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development[6] - Future outlook indicates a commitment to strategic acquisitions and partnerships to drive growth and innovation[6] - The Group is committed to automation processes in metal stamping, plastic injection moulding, and chassis assembly to enhance production efficiency and product quality[189] - The Group aims to develop new products in personal health care and automotive mould manufacturing during the period[189] - The Group plans to establish production bases in ASEAN countries to explore more business opportunities following the signing of the Regional Comprehensive Economic Partnership (RCEP)[195] Dividends and Share Capital - The company paid dividends of HK$99,692,000 during the period, consistent with the previous year's payment[35] - The final dividend for the year ended March 31, 2020, was $99,882,000, equivalent to 5.0 HK cents per share, consistent with the previous year[123] - An interim dividend of 4.0 HK cents per share and a special dividend of 0.5 HK cents per share were declared for the six months ended September 30, 2020, totaling $79,906,000 and $9,988,000 respectively[123] - The total issued and fully paid ordinary shares increased to 1,997,640,000 as of September 30, 2020, from 1,993,840,000 as of March 31, 2020, reflecting a slight increase of 0.2%[88] Other Financial Metrics - Other comprehensive income for the period was HK$38,561, compared to a loss of HK$65,145 in the previous year, showing a significant recovery[21] - The group recorded a gain on disposal of property, plant, and equipment amounting to $340,000 for the six months ended September 30, 2020, compared to a gain of $187,000 for the same period in 2019[67] - The group’s finance income for the six months ended September 30, 2020, was $1,968,000, while finance costs were $5,201,000, resulting in a net finance cost of $3,233,000[66] - Current taxation for Hong Kong profits tax increased to $11,006,000 from $7,332,000[116] - PRC taxes also rose to $58,304,000 from $43,979,000[116]

嘉 利 國 際 控 股 有 限 公 司 Karrie International Holdings Limited ( 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ) (Incorporated in Bermuda with limited liability) 股份代號 stock code : 1050 匠心同行四十載 同行百年不滅心 40 years of Persistent Craftsmanship, Enduring Spirit for Century ANNUAL REPORT 2019/20 年報 匠心同行 何主席於80年代創立嘉利以來，一直堅持以工匠對工藝的一絲不苟，專注細節，精益求精，力臻 完美和極致的理念。於創立嘉利前，已設計了不少受歡迎的創新產品，包括甲蟲收音機及積木製 品等，也不斷為集團宏圖開疆拓土，渡過無數挫折及危機，凝聚成一顆永不熄滅的熾熱匠心。亦 承 載著工匠 對工藝之希冀，秉持 專業（卓越 承擔）、敬 業（盡職投 入）、精益（追求極 致）、專注（堅 持執著）及創新（革新突破）的本質，深嵌入企業精神中，不斷昇 華、創新及磨 鍊。集團管理層已 上軌道，以專業及數據化 ...

Financial Performance - Revenue for the six months ended September 30, 2019, increased to HK$1,424,748,000, a growth of 9.6% compared to HK$1,300,003,000 in 2018[12]. - Gross profit for the same period rose to HK$239,153,000, representing a 33.7% increase from HK$178,806,000 in 2018[12]. - Operating profit surged to HK$176,199,000, up 62.8% from HK$108,337,000 in the previous year[12]. - Profit for the period attributable to equity shareholders was HK$114,415,000, an increase of 30% compared to HK$88,069,000 in 2018[14]. - Basic and diluted earnings per share both increased to 5.7 HK cents, up from 4.4 HK cents in the prior year[12]. - Total comprehensive income for the period was HK$49,270,000, compared to HK$24,424,000 in 2018, reflecting a significant improvement[14]. - The company reported finance costs of HK$13,631,000, which increased from HK$7,255,000 in 2018[12]. - Profit before taxation for the same period was $165,726,000, slightly down from $165,803,000 in 2018, indicating a minor decline[59]. - The finance costs, net, were reported at $(11,071,000), compared to $(10,959,000) in the previous year, indicating an increase in finance costs[59]. Assets and Liabilities - The unaudited consolidated total assets as of September 30, 2019, amounted to HKD 2,712,938,000, an increase from HKD 2,463,918,000 as of March 31, 2019, representing a growth of approximately 10.1%[6]. - Current assets increased to HKD 1,853,119,000 as of September 30, 2019, compared to HKD 1,596,282,000 as of March 31, 2019, reflecting a rise of about 16.0%[6]. - Total equity decreased to HKD 1,117,777,000 as of September 30, 2019, down from HKD 1,166,860,000 as of March 31, 2019, a decline of about 4.2%[9]. - Current liabilities increased to HKD 946,659,000, compared to HKD 732,243,000 as of March 31, 2019, marking an increase of approximately 29.3%[9]. - Non-current liabilities rose to HKD 648,502,000 as of September 30, 2019, up from HKD 564,815,000, reflecting an increase of about 14.8%[9]. - The balance of total equity as of September 30, 2019, was HK$1,117,777,000, compared to HK$1,166,860,000 at the beginning of the period[17]. - The remaining contractual maturities of lease liabilities as of September 30, 2019, included 3,284,000 HKD due within one year[55]. - Total liabilities increased from 1,297,058,000 HKD to 1,304,761,000 HKD following the adoption of HKFRS 16[48]. Cash Flow - Net cash generated from operating activities for the six months ended September 30, 2019, was HK$105,723,000, a decrease of 51.0% compared to HK$215,985,000 in 2018[22]. - The Group's total cash generated from operations was HK$112,081,000, down from HK$223,138,000 in the previous year, representing a decline of 49.9%[22]. - The net cash used in financing activities decreased significantly to HK$28,551,000 from HK$193,862,000 in 2018, indicating a reduction of 85.3%[22]. - The effect of foreign exchange rate changes on cash and cash equivalents was a loss of HK$3,370,000, compared to a loss of HK$5,064,000 in 2018[22]. - The total cash flows remained unaffected by the adoption of HKFRS 16, but the presentation of cash flows changed within the cash flow statement[59]. Investments and Capital Expenditures - The Group's cash flows from investing activities included a payment of HK$45,434,000 for the purchase of property, plant, and equipment, which is consistent with the previous year's payment of HK$45,446,000[22]. - The group acquired property, plant, and equipment at a cost of approximately $32,562,000 during the six months ended September 30, 2019, compared to $37,795,000 in the same period of 2018[167]. - The group disposed of property, plant, and equipment with a net book value of $81,000 during the six months ended September 30, 2019, resulting in a gain on disposal of $187,000[167]. Shareholder Activities - The company paid dividends amounting to HK$99,692,000 during the period[17]. - The Group's dividends paid amounted to HK$99,692,000, a decrease from HK$145,552,000 in the previous year, reflecting a reduction of 31.5%[22]. - During the period, the company repurchased a total of 714,000 shares at an aggregate amount of $795,000, with the highest price paid per share being $1.14[187]. - The company exercised share options to subscribe for 2,720,000 ordinary shares at a consideration of $1,904,000, which is an increase from 1,390,000 shares at $973,000 in the previous period[185]. Accounting Standards and Changes - The Group has adopted HKFRS 16, which introduces a single accounting model for lessees, effective from April 1, 2019[31]. - The Group transitioned to HKFRS 16 on April 1, 2019, determining lease liabilities based on the present value of remaining lease payments, with a weighted average incremental borrowing rate of 3.39%[40]. - All leases are now capitalized, eliminating the previous classification of operating and finance leases, except for short-term leases and low-value assets[35]. - The transition to HKFRS 16 allows for a more accurate reflection of lease obligations on the balance sheet[40]. - The total lease liabilities recognized as of April 1, 2019, were 7,703,000 HKD after deducting future interest expenses of 314,000 HKD[44]. Segment Performance - The metal and plastic business segment reported an operating profit of $100,634,000 for the six months ended September 30, 2019, compared to $89,970,000 in 2018[59]. - The electronic manufacturing services business generated revenue of $782,045,000, while the metal and plastic business contributed $544,089,000, and the real estate business added $119,339,000 for the six months ended September 30, 2019[161]. - For the six months ended September 30, 2019, the total segment revenue was approximately $1,445,473,000, an increase from $1,321,804,000 in the same period of 2018, representing a growth of about 9.3%[161].

Share Structure and Capital - The company has issued a total of 1,991,833,200 shares, with approximately 25.36% held by the public as of June 30, 2019[24]. - The authorized capital of the company is HK$400,000,000, with issued capital also at HK$199,183,320 as of March 31, 2019[21]. - The total number of registered shareholders is 854, with individuals and institutions holding 77.98% of the shares[26]. - The shareholding structure indicates that public shareholding represents 100% excluding major shareholders and directors[26]. - The company repurchased 622,000 shares that have not been cancelled[29]. Financial Performance - The financial year ended on March 31, 2019, with results announced on June 26, 2019[12]. - The revenue for the year 2019 was HK$221 million[39]. - For the year ended March 31, 2019, the Group's revenue was HK$2,651 million, a decrease of approximately 9% compared to HK$2,920 million for the previous year[61]. - Profit attributable to equity shareholders increased by approximately 21% to HK$221 million from HK$182 million in the previous year[61]. - Revenue from the Industrial Businesses decreased by approximately 16% to HK$2,425 million compared to HK$2,871 million in the previous year[62]. - Operating profit for the Industrial Businesses declined by approximately 20% to HK$208 million from HK$260 million in the previous year[62]. - The gross profit margin for continuing operations was 16.6%, an increase of 14% compared to the previous year[51]. - The net profit margin for continuing operations was 8.4%, an increase of 12% compared to the previous year[51]. - The current ratio improved to 2.2, a 22% increase from the previous year[51]. - The quick ratio increased to 1.7, a 21% increase compared to the previous year[51]. - The net gearing ratio was 34.0%, reflecting a 14% increase from the previous year[51]. - Total cash dividends per share were HK$0.6, unchanged from the previous year[51]. - Total dividends for the year amount to HK8.0 cents per share, down from HK8.9 cents per share in the previous year, with a payout ratio of 72%[170]. Business Operations and Strategy - The company operates in multiple sectors, including Metal and Plastic Business, Electronics Manufacturing Services, and Real Estate[47]. - The company aims to build a centennial enterprise, emphasizing robust adaptability, diversified development, and strong commitment to core values[3]. - The Group has secured orders from existing clients for new-generation server casing projects until 2022, indicating a strong client base and product demand[76]. - The Group's established policy of increasing automation capacity has led to enhanced production efficiency and reduced labor costs, with significant improvements in operational processes[78]. - The Group aims to enhance its human resource management through key performance indicators and talent evaluation mechanisms to support business development needs[85]. - The Group's diversified approach in product delivery mitigates reliance on a single market, enhancing overall business resilience[118]. - The Group is committed to sustainable development and maximizing shareholder profits through continuous innovation and adaptation to market trends[128]. Real Estate Development - The Real Estate Business recorded a revenue of HK$225,708,000 for the year, a significant increase from HK$48,540,000 for the year ended 31 March 2018, primarily due to the delivery of units from Phase 3 of Castfast Villas and the sale of Area B[65]. - Operating profit for the Real Estate Business surged to HK$107,772,000, compared to HK$3,665,000 for the previous year, indicating a strong profit contribution as the business begins to reap its harvest[67]. - The construction of Phase 3 of Castfast Villas has been completed, with a total saleable floor area of approximately 61,000 square meters and over 600 units, of which approximately 170 units have been delivered[84]. - The average selling price for the delivered units was approximately RMB24,000 per square meter, with pre-sales of approximately 300 units at an average price of RMB26,500 per square meter[84]. - The remaining pre-sold units in Castfast Villas Phase 3 account for over 28,000 square meters, with an average selling price of approximately RMB26,500 per square meter[88]. - The construction of the basement for the Castfast Villas Phases 4 and 5 project has been completed, with pre-sale expected to begin at the end of 2019[96]. - The residential project Castfast Garden in Boluo County has a floor area of approximately 30,000 square meters, with basement work underway and pre-sale expected to commence by the end of 2019[100]. - The real estate business has shown strong performance, with all 47 units of the Karrie International Holdings Limited's Castfast Villas B Zone sold and recognized in revenue[117]. - The Group's real estate projects are progressing as planned, contributing to an upward trend in profitability and diversifying the Group's income sources[117]. Corporate Governance - The company has committed to high standards of corporate governance to enhance corporate value and accountability[188]. - The roles of Chairman and Chief Executive Officer are held by the same individual, Mr. Ho Cheuk Fai, to provide strong leadership[192]. - The company has complied with the Corporate Governance Code, with some deviations noted in specific provisions[189]. - The Company has not established a nomination committee, delegating its functions to the Board instead[199]. - The Board is responsible for reviewing its own structure, size, and composition annually according to the board diversity policy[199]. - The Board evaluates the re-appointment of Directors and assesses the independence of independent non-executive Directors[199]. - Measures are in place to avoid conflicts of interest, with relevant Directors abstaining from voting on their own re-appointments[199]. - The Board believes its members possess the necessary experience and knowledge to fulfill the functions of a nomination committee[199]. - The Company aims to achieve high standards of corporate governance through ongoing reviews of its practices[200]. Employee Management and Development - The average number of employees during the year was approximately 3,360, a decrease from 3,910 in the corresponding period last year, indicating potential challenges in workforce management[160]. - The Group has established a "Cooperative Home & Car Ownership Scheme" to retain talent in the competitive labor market[162]. - The performance-based bonus system has been adopted, resulting in higher bonuses for outstanding employees compared to the previous system[163]. - The Group's employee benefits include medical insurance and a mandatory provident fund[165]. - The Group emphasizes talent development to enhance staff technical capabilities and adaptability in a rapidly changing business environment[121].