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].