香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Success Dragon International Holdings Limited 勝 龍 國 際 控 股 有 限 公 司 （於百慕達註冊成立之有限公司） （股份代號：1182） 截至二零二三年三月三十一日止年度 年度業績公告 勝龍國際控股有限公司（「本公司」）及其附屬公司（統稱「本集團」）截至二零二三年三月 三十一日止財政年度之綜合業績，連同上一財政年度之比較數字如下： 綜合損益及其他全面收益表 截至二零二三年三月三十一日止年度 二零二三年 二零二二年 附註 千港元 千港元 持續經營業務 收益 4 363,764 144,107 銷售成本 (329,977) (123,423) 毛利 33,787 20,684 ...

Financial Performance - Revenue for the six months ended September 30, 2022, was HK$88,821,000, a decrease of 18% compared to HK$108,359,000 in the same period of 2021[12]. - Gross profit for the same period was HK$11,963,000, down 44% from HK$21,361,000 year-on-year[12]. - The company reported a loss of HK$1,551,000 for the period, compared to a profit of HK$4,436,000 in the previous year[12]. - Total comprehensive loss for the period amounted to HK$6,287,000, contrasting with a total comprehensive income of HK$4,720,000 in the prior year[12]. - Basic and diluted loss per share was HK$0.61, compared to earnings of HK$3.00 per share in the same period last year[12]. - The company reported a total comprehensive loss of HK$6,287,000 for the period, reflecting ongoing challenges[15]. - The Group reported a loss of approximately HK$1,551,000 for the six months ended September 30, 2022, compared to a profit of approximately HK$4,436,000 in the same period of 2021[79]. - The Group recorded a net loss attributable to owners of approximately HK$1.6 million for the reporting period, compared to a net profit of approximately HK$4.4 million in the corresponding period[196]. Revenue Breakdown - Money lending services generated revenue of HK$516,000, down from HK$3,792,000 in the prior year, reflecting a significant decline[36]. - Gold processing and trading business revenue was HK$81,187,000, a decrease of 5% from HK$85,468,000 in the same period last year[36]. - Revenue from electronic gaming equipment management services in Macau was HK$7,118, a decline of 63% compared to HK$19,099 in the prior year[49]. - Revenue from the outsourced business process management segment contributed approximately 8.0% to total revenue, down from 17.6% in the previous year, with earnings of approximately HK$7.1 million, a decrease of approximately HK$12.0 million or 62.7%[185]. - Revenue from the money lending business was approximately HK$0.5 million, significantly down from approximately HK$3.8 million in the corresponding period, due to the decision to terminate operations during the reporting period[186]. - The contribution of the gold processing and trading business to the Group's total revenue increased from approximately 78.9% in the corresponding period to approximately 91.4% in the reporting period[166]. Expenses and Costs - Administrative and other operating expenses were HK$13,372,000, slightly down from HK$13,885,000 in the previous year[12]. - Selling and distribution costs decreased by approximately HK$0.3 million or 43.4% to approximately HK$0.4 million, primarily due to reduced advertising and promotion activities[192]. - Administrative and other operating expenses decreased by approximately HK$0.5 million or 3.7% to approximately HK$13.4 million, mainly due to a reduction in professional fees and miscellaneous expenses[193]. - Finance costs decreased significantly to HK$252,000 from HK$1,460,000 year-on-year, indicating improved cost management[12]. - The Group's cost of sales decreased by approximately HK$10.1 million or approximately 11.7%, from approximately HK$87.0 million to approximately HK$76.8 million, primarily due to reduced revenue in the outsourced business process management and money lending segments[183]. Assets and Liabilities - As of September 30, 2022, total assets less current liabilities amounted to HK$111,987,000, a significant increase from HK$52,585,000 as of March 31, 2022[14]. - Current assets increased to HK$184,483,000 from HK$129,631,000, driven by a rise in inventories to HK$56,524,000 from HK$19,376,000[14]. - Total equity increased to HK$111,987,000 as of September 30, 2022, compared to HK$49,880,000 as of April 1, 2022[15]. - Total liabilities decreased to HK$84,180,000 from HK$92,036,000, indicating improved financial stability[40]. - Trade payables rose significantly to HK$45,142,000 from HK$13,758,000, indicating increased operational liabilities[14]. Cash Flow and Financing - The company reported a net cash used in operating activities of HK$10,717,000 for the six months ended September 30, 2022, compared to HK$1,206,000 for the same period in 2021[19]. - Cash and cash equivalents at the end of the period reached HK$74,604,000, up from HK$31,469,000 at the end of the previous year[19]. - The company raised HK$71,301,000 from rights issues during the reporting period[19]. - The Group completed a rights issue on 27 June 2022, raising gross proceeds of approximately HK$71.3 million by issuing up to 209,711,740 Rights Shares at a subscription price of HK$0.34 each[119]. Strategic Initiatives - The management discussed potential strategies for market expansion and new product development in the upcoming quarters[12]. - The company is focusing on enhancing operational efficiency and exploring merger and acquisition opportunities to drive future growth[12]. - The Group aims to develop new procurement and revenue channels in the gold processing market[157]. Other Information - The Group has not yet applied new HKFRSs that are issued but not effective, and is assessing their potential impact[29]. - The Group has no significant events after the reporting period that need to be disclosed[150]. - There were no related party transactions and balances except for those disclosed elsewhere in the financial statements[129].

Business Operations - The Group's core business is gold-laden carbon processing, with an annual processing capacity of 990 tonnes in Yunnan, China[11]. - A new processing plant with a designed annual capacity of 600,000 tonnes is planned in Luanchuan County, Henan Province, which is expected to generate significant revenue[11]. - The Group aims to diversify revenue channels by trading in gold and other precious metals to achieve sustainable growth[11]. - The Group's production line in Yunnan province, PRC, focuses on extracting gold and other precious metals from gold-laden carbon, enhancing its procurement and revenue channels[30]. - The Group commenced trading of gold and other precious metals, contributing approximately 4.8% or approximately HK$6.9 million to the total revenue of the gold-laden carbon processing and trading segment[32]. - The business model for the New Plant involves processing gold ore into gold powder, which will be sold to gold smelters[99][105]. - The Group's principal activities include processing gold-laden carbon, selling gold and other precious metals, outsourced business process management, and money lending during the financial year[184][189]. Financial Performance - The Group recorded revenue of approximately HK$182.0 million for FY2022, representing a slight increase of approximately 3.9% from HK$175.2 million in FY2021[38]. - Revenue from the gold-laden carbon processing and trading business was approximately HK$144.1 million, contributing approximately 79.2% of the Group's total revenue, an increase of approximately HK$9.0 million or 6.6% from FY2021[33]. - The outsourced business process management business contributed approximately 17.3% of the Group's total revenue, with revenue decreasing by approximately 6.1% to HK$31.5 million due to the adverse impact of the COVID-19 pandemic on the Macau gaming industry[21]. - The money lending business generated revenue of approximately HK$6.4 million, slightly down from HK$6.5 million in FY2021, with a profit of approximately HK$3.5 million[22]. - The Group's gross profit increased by approximately HK$15.8 million, or 79.7%, from approximately HK$19.9 million for FY2021 to approximately HK$35.7 million for the Year, resulting in a gross profit margin of approximately 19.6% compared to 11.3% in FY2021[40][46]. - Total revenue for the Year was approximately HK$182.0 million, a slight increase of about 3.9% from approximately HK$175.2 million in FY2021[44]. - The loss from the outsourced business process management segment decreased from approximately HK$9.4 million in FY2021 to approximately HK$5.6 million in FY2022, attributed to tight cost control measures[21]. Cost Management - The cost of sales decreased by approximately HK$9.0 million or approximately 5.8%, from approximately HK$155.3 million in FY2021 to approximately HK$146.3 million in FY2022[39]. - Selling and distribution costs decreased by approximately HK$0.6 million or 28.5% from approximately HK$2.1 million for FY2021 to approximately HK$1.5 million during the Year[42][48]. - Administrative and other operating expenses increased by approximately HK$2.4 million or 9.1% from approximately HK$25.9 million for FY2021 to approximately HK$28.3 million for the Year[51][59]. - The Group plans to closely monitor and review its management and cost structure to achieve cost reduction and efficiency improvements as part of its long-term strategy[18]. Strategic Partnerships and Expansion - The Group plans to form strategic partnerships with major players in the region to leverage its business networks and expand market presence[11]. - A framework agreement was established with Jinxing Mining for a new processing plant with an annual capacity of 600,000 tonnes, located in Henan Province, which is rich in gold resources[93][95]. - The total capital expenditure for the New Plant is expected to be approximately RMB133.8 million (around HK$163.2 million), financed through various means including bank loans and internal resources[106]. - The construction of the New Plant is anticipated to be completed by September 2023[106]. Risk Management - The Group's management regularly identifies and assesses key operational risks to implement appropriate risk responses[128][132]. - Financial risks include liquidity risk, foreign exchange rate risk, and credit risk, with measures in place to monitor and mitigate these risks[133][134]. - The company has implemented measures to monitor cash flow and maintain sufficient cash and cash equivalents to mitigate liquidity risk[138]. - The management team is closely monitoring foreign exchange risks and will consider hedging significant exposures when necessary[139]. - A dedicated team has been assigned to manage credit risk, including setting credit limits and monitoring overdue debts[139]. Corporate Governance and Leadership - Liu Shiwei was appointed as the executive director and chairman of the board on July 13, 2022, holding 65.9% of the entire issued share capital of the company[147][148]. - Wang Baozhi was appointed as the executive director and chief executive officer on July 13, 2022, bringing over 23 years of finance experience to the company[150][151]. - Ding Lei was re-designated from chairman and chief executive officer to chief operating officer on July 13, 2022[156][157]. - The company has undergone changes in its board composition, reflecting a strategic shift in leadership roles[144][146]. - The company is focused on expanding its market presence and enhancing operational efficiency through strategic leadership changes[160]. - The board includes members with significant experience in corporate governance and compliance, ensuring adherence to regulatory standards[171]. Shareholder Returns and Dividends - The Group did not recommend any dividend for the year ended March 31, 2022, consistent with the previous year where no dividend was paid[185][191]. - The Company currently has no pre-determined dividend payout ratio and considers various financial factors before recommending any dividends[186]. - As of March 31, 2022, and 2021, there are no reserves available for distribution by the Company[197]. - The Company has a comprehensive approach to evaluating dividend payments, considering internal and external factors impacting financial performance[186]. Compliance and Sustainability - The Group is committed to environmental sustainability and encourages environmental protection awareness among employees[125][129]. - The Group has complied with relevant laws and regulations that significantly impact its business operations during FY2022[117][121]. - The company collaborates with external professionals to ensure compliance with applicable laws and regulations[140].

Financial Performance - Revenue for the six months ended September 30, 2021, was HK$108,359,000, representing a 114% increase compared to HK$50,473,000 for the same period in 2020[13] - Gross profit increased to HK$21,361,000, up 144% from HK$8,764,000 year-on-year[13] - Profit before tax for the period was HK$7,110,000, compared to a loss of HK$6,103,000 in the previous year[13] - The company reported a profit for the period of HK$4,436,000, reversing a loss of HK$6,103,000 from the same period last year[13] - Total comprehensive income for the period was HK$4,720,000, compared to a loss of HK$6,082,000 in the previous year[13] - For the six months ended September 30, 2021, the total comprehensive income was HK$4,720,000, compared to a total comprehensive loss of HK$6,082,000 for the same period in 2020[16] - The company reported a profit before tax of HK$7,110,000, compared to a loss of HK$6,103,000 in the previous year[36] - For the six months ended September 30, 2021, the Group reported a profit of approximately HK$4,436,000, compared to a loss of approximately HK$6,103,000 for the same period in 2020[80] Assets and Liabilities - Current assets increased to HK$134,504,000 as of September 30, 2021, compared to HK$94,473,000 as of March 31, 2021[14] - Net current assets improved to HK$45,110,000, up from HK$40,518,000 as of March 31, 2021[14] - Total assets less current liabilities amounted to HK$54,786,000, compared to HK$50,366,000 at the end of the previous fiscal year[14] - The company's net assets increased to HK$52,066,000, up from HK$47,346,000 as of March 31, 2021[14] - The total liabilities rose to HK$92,114,000 as of September 30, 2021, compared to HK$56,975,000 as of March 31, 2021, marking an increase of 62%[40] Revenue Breakdown - Revenue from the PRC market reached HK$85,468,000, up from HK$29,559,000 in 2020, indicating a growth of 189%[43] - The revenue from the gold-laden carbon processing and trading business was approximately HK$85.5 million, contributing approximately 78.9% to the Group's total revenue, up from approximately 58.6% in the last period[164] - Revenue from outsourced business process management increased by approximately 7.4% to approximately HK$19.1 million, driven by improved economic conditions in Macau[156] - Revenue from money lending services was approximately HK$3.8 million, with a segment profit of approximately HK$2.2 million, compared to revenue of approximately HK$3.1 million and profit of approximately HK$1.4 million in the last period[158] Cash Flow and Financing - The net cash used in operating activities for the six months ended September 30, 2021, was HK$1,206,000, an improvement from HK$2,086,000 in the previous year[19] - Cash and cash equivalents at the end of the period were HK$31,469,000, compared to HK$3,641,000 at the end of the same period in 2020[19] - Interest paid during the financing activities was HK$915,000, an increase from HK$321,000 in the previous year[19] - Finance costs for the six months ended September 30, 2021, amounted to HK$1,460,000, an increase from HK$1,186,000 in the same period of 2020[64] Share Capital and Reorganization - The company reported a capital reorganization resulting in a reduction of share capital by HK$26,564,000 during the period[16] - The company's share capital increased from HK$27,962,000 at April 1, 2021, to HK$1,398,000 at September 30, 2021, due to capital reorganization[16] - A capital reorganization was implemented, consolidating every twenty existing shares into one consolidated share with a par value of HK$0.2, followed by a capital reduction[120] - The authorized share capital is 30,000,000,000 ordinary shares with a par value of HK$0.01 each, while the issued and fully paid shares amount to 139,807,827 shares[115] Taxation - The Hong Kong Profits Tax for the current period was calculated at a rate of 16.5%, resulting in a tax expense of HK$56,000[74] - The PRC Enterprise Income Tax for the current period amounted to HK$2,618,000, with a tax rate of 25% applicable[74] Management and Future Outlook - The Group expects gold prices to remain high due to anticipated inflation and geopolitical uncertainties, continuing to focus on gold-laden carbon processing and trading as its core business[165] - The Group will continue to identify new opportunities for business development and has no current plans for material investments or acquisitions[170] - The company is currently negotiating to extend the repayment of an unsecured loan of HK$8,865,000, which was originally due on May 13, 2021[190]

Financial Performance - The Group recorded revenue of approximately HK$175.2 million for FY2021, an increase of approximately 91.7% from HK$91.4 million in FY2020[22]. - The financial year ended 31 March 2021 marked a significant recovery in revenue, indicating a positive trend for the Group's operations moving forward[22]. - The Group recorded total revenue of approximately HK$175.2 million for FY2021, representing an increase of approximately 91.7% compared to approximately HK$91.4 million in FY2020[34]. - Revenue from the gold-laden carbon processing business was approximately HK$135.1 million, contributing approximately 77.1% of the Group's total revenue, compared to approximately HK$2.1 million in FY2020[34]. - The Outsourced Business Process Management segment contributed approximately 19.2% of total revenue, with revenue decreasing by approximately 60.2% from approximately HK$84.5 million in FY2020 to approximately HK$33.6 million in FY2021[34]. - The money lending business generated revenue of approximately HK$6.5 million, an increase from approximately HK$4.9 million in FY2020[34]. - The Group reported a net loss attributable to owners of approximately HK$10.5 million for FY2021, a decrease from approximately HK$11.9 million in FY2020[35]. Business Strategy and Operations - The core business of the Group shifted to gold processing, with a production line established in Yunnan province, PRC, for extracting gold and other precious metals from gold-laden carbon[14]. - The Group expects gold prices to increase further due to economic recovery and geopolitical uncertainties, which will enhance the profitability of its gold processing business[15]. - The Company aims to diversify revenue channels by engaging in trading of gold and other precious metals to achieve sustainable growth in the coming years[16]. - The Group aims to explore new procurement and revenue channels in the gold-laden carbon processing market[30]. - The Group plans to expand its gold-laden carbon processing and the sale of gold and other precious metals business in 2021[62]. - The Group is exploring new business development opportunities, particularly in gold processing and sales, to diversify revenue sources and enhance shareholder returns[68]. Financial Position and Capital Management - The Group's bank and cash balances as of 31 March 2021 were approximately HK$32.3 million[40]. - The gearing ratio of loans against total equity as of 31 March 2021 was 57.3%[43]. - The Group entered into an unsecured loan agreement with a principal amount of approximately HK$8.9 million at a fixed interest rate of 3.5% per annum[41]. - The group entered into an unsecured loan agreement with an independent third party for HK$13.6 million at an annual interest rate of 14.5%, due on September 5, 2020, and is currently negotiating an extension[45]. - The debt-to-equity ratio as of March 31, 2021, was 57.3%[45]. - The group completed a placing of up to 473,257,309 new shares at HK$0.067 per share, with a total of 429,870,000 new shares issued, generating net proceeds of approximately HK$28.40 million[52][53]. - The Group's capital expenditure contracted but not provided for the acquisition of property, plant, and equipment amounted to approximately HK$Nil as of March 31, 2021, compared to HK$2,296,000 on March 31, 2020[70][76]. Governance and Management - The Company appreciates the contributions of its directors and staff, emphasizing the importance of their support for corporate growth and shareholder returns[17]. - The company has a diverse board with members holding degrees in finance, management, accounting, and law, enhancing its governance and strategic decision-making capabilities[110]. - The company has appointed independent non-executive directors to ensure compliance and enhance corporate governance practices[106]. - The management team includes professionals with significant experience in various sectors, contributing to the company's strategic direction and operational efficiency[110]. - The company is focused on expanding its market presence and enhancing its financial management capabilities through experienced leadership[105]. Risk Management - Key operational risks include high staff turnover rates, particularly among key operational staff, and potential crises disrupting business[98]. - Financial risks include liquidity risk, foreign exchange rate risk, and credit risk, with measures in place to monitor and mitigate these risks[92][96]. - The Group has complied with relevant laws and regulations that significantly impact its business operations during FY2021[74][79]. Shareholder Information - Approximately 78% of the Group's total turnover was attributable to its five largest customers, with the largest customer accounting for about 56% of total turnover[141]. - The Group's five largest customers accounted for approximately 78% of total revenue, with the largest customer representing about 56%[149]. - The Group's five largest suppliers contributed approximately 100% of total purchases, with the largest supplier accounting for about 84%[151]. - As of March 31, 2021, the Company had no distributable reserves[145]. - The Company maintained Directors' and officers' liability insurance throughout the year to cover legal actions arising from corporate activities[162]. - The Company had no significant contracts with controlling shareholders during the year[175]. - As of March 31, 2021, Liu Shiwei held 602,373,895 shares, representing 21.54% of the company's total shareholding[183]. - Liu Shiwei also had a short position of 503,669,620 shares, accounting for 18.01% of the total shares[183]. - Shanghao Limited, controlled by Tsang Ho Kwan, held 503,669,620 shares, also representing 18.01% of the total shareholding[183]. Employee and Environmental Commitment - The Group employed approximately 60 employees as of March 31, 2021, and continues to review remuneration packages based on market conditions and individual performance[71][77]. - The Group is committed to environmental sustainability and promotes awareness of environmental protection among employees[83][87].

Revenue Performance - Revenue for the six months ended September 30, 2020, was HK$50,473,000, representing an increase of 14.9% compared to HK$44,276,000 for the same period in 2019[11]. - For the six months ended September 30, 2020, total revenue was HK$50,473,000, an increase from HK$44,276,000 in the same period of 2019, representing a growth of approximately 14.9%[43]. - Revenue from the PRC reached HK$29,559,000, while revenue from Macau decreased to HK$17,775,000 from HK$42,012,000, indicating a significant decline of approximately 57.7%[43]. - Revenue from the management of electronic gaming equipment in Macau decreased to HK$17,775,000, down 57.7% from HK$42,012,000 in the previous year[49]. - Revenue from the money lending business increased by approximately 38.7% to approximately HK$3.1 million, with a segment profit of approximately HK$1.4 million[172]. - The newly established gold-laden carbon processing business generated revenue of approximately HK$29.6 million, contributing approximately 58.5% of the Group's total revenue[172]. Profit and Loss - Gross profit decreased to HK$8,764,000, down 38.8% from HK$14,293,000 year-on-year[11]. - Loss from operations improved to HK$4,199,000, a reduction of 17.7% compared to a loss of HK$5,103,000 in the previous year[11]. - Loss before tax was HK$6,103,000, slightly better than the loss of HK$6,905,000 reported in the same period last year[11]. - Total comprehensive loss for the period was HK$6,082,000, compared to HK$6,905,000 in the prior year, indicating a 11.9% improvement[11]. - The Group reported a loss of approximately HK$6,103,000 for the six months ended 30 September 2020, compared to a loss of HK$6,905,000 for the same period in 2019, indicating a decrease in loss of about 11.6%[78]. - The Group's loss attributable to owners decreased from approximately HK$6.9 million to approximately HK$6.1 million during the period under review[173]. Assets and Liabilities - Current assets increased to HK$56,219,000 from HK$55,173,000, showing a slight growth of 1.9%[13]. - Net current assets decreased to HK$17,324,000 from HK$19,290,000, reflecting a decline of 10.2%[13]. - Total assets less current liabilities decreased to HK$25,559,000 from HK$29,322,000, a drop of 12.8%[13]. - Net assets as of September 30, 2020, were HK$23,240,000, down from HK$29,322,000, indicating a decrease of 20.7%[13]. - The Group's total liabilities increased to HK$41,214,000 from HK$35,883,000, reflecting a rise of approximately 14.5%[41]. - As of 30 September 2020, the total amount of other loans was HK$25,826,000, slightly down from HK$26,065,000 as of 31 March 2020[108]. Cash Flow and Financing - The net cash used in operating activities was HK$2,086,000, a significant improvement from HK$14,503,000 in the previous year, reflecting better cash management[19]. - Cash and cash equivalents at the end of the period were HK$3,641,000, down from HK$11,277,000 at the end of September 2019, showing a decrease in liquidity[19]. - The company raised HK$4,219,000 in director's loans during the period, which was not present in the previous year, indicating new financing efforts[19]. - The Group's bank and cash balances improved to HK$3,641,000 from HK$1,629,000, showing a growth of approximately 123.5%[40]. - The Group had bank and cash balances of approximately HK$3.6 million and a loan agreement for HK$13.6 million at an interest rate of 14.5% per annum[181]. Operational Highlights - The company’s principal activities include outsourced business process management for electronic gaming machines in Macau and money lending services in Hong Kong, indicating a focus on diversified revenue streams[22]. - The Group has diversified its operations into processing gold-laden carbon and the sale of gold and other precious metals[153]. - The Group plans to establish a production line in Yunnan province, PRC, for the extraction of gold and other precious metals[163]. - The Group implemented cost control measures in its Macau operations to maintain competitiveness in the market[156]. - The intense competition in the Macau gaming market and the COVID-19 pandemic significantly impacted the Group's revenue and operations[154]. Employee and Cost Management - Total staff costs for the period were HK$4,368,000, down 45.5% from HK$7,929,000 in the previous year[74]. - Selling and distribution costs decreased by approximately 61.1% to approximately HK$1.2 million compared to approximately HK$3.2 million in the last corresponding period[173]. - Administrative and other expenses decreased by approximately 28.3% to approximately HK$11.9 million, primarily due to reduced depreciation and amortization costs[174]. Accounting and Compliance - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from April 1, 2020, which did not result in significant changes to accounting policies[28]. - The Group has not applied new accounting standards that have been issued but not yet effective, and the impact of these standards is still being assessed[32]. - No provision for Hong Kong profits tax was required as the Group had no assessable profit for both periods[68]. - The Macau Complementary Tax was not required due to tax losses incurred by the subsidiary in Macau during the period[69]. Miscellaneous - There were no significant events after the reporting period that needed to be disclosed as of the approval date of the financial statements[147]. - The condensed consolidated financial statements were approved by the board of Directors on 30 November 2020[148]. - The Group employed 45 employees as of 30 September 2020[194]. - The Group maintains strict control over its outstanding receivables, with overdue balances reviewed regularly by the directors[90].

Revenue and Business Performance - The revenue from the outsourced business process management segment slightly reduced by 2.6% due to intensified competition and the impact of the Coronavirus pandemic on tourism and the gaming industry in Macau[14]. - The Group recorded revenue of approximately HK$91.4 million for FY2020, an increase of approximately HK$3.6 million from HK$87.8 million in FY2019[23]. - Revenue from the Outsourced Business Process Management decreased by approximately 2.6% to approximately HK$84.5 million in FY2020, contributing over 92.4% of the Group's total revenue[25]. - The Group generated approximately HK$4.9 million in revenue from the Money Lending Business, with a profit of approximately HK$2.1 million in FY2020, compared to HK$1.1 million and a profit of approximately HK$0.2 million in FY2019[31]. - Revenue from the gold-laden carbon processing business was approximately HK$2.1 million in FY2020, with a loss of approximately HK$1,000[40]. - The money lending business segment generated approximately HK$4.9 million in revenue, up from approximately HK$1.1 million in FY2019, marking its establishment as a new business segment[44]. - The Group diversified into the gold-laden carbon processing business, generating approximately HK$2.1 million in revenue during FY2020[44]. Business Diversification and Strategy - The company diversified its business into gold-laden carbon processing and the sale of precious metals in March 2020, establishing a production line in Yunnan province, PRC[15]. - The new business in gold-laden carbon processing is expected to benefit from increased demand for gold as a safe-haven asset amid economic uncertainty[15]. - The Group aims to achieve sustainable growth through both its outsourced business process management and the new gold processing venture[16]. - The Group plans to purchase gold-laden carbon from suppliers, including mining enterprises and traders, for processing[33]. - The Board is optimistic about future demand for gold, expecting the new gold-laden carbon processing business to broaden income streams and increase shareholder returns[63]. - The Group is optimistic about future global demand for gold, driven by increasing economic and political uncertainties, and is expanding into gold processing and sales of precious metals[68]. Financial Performance and Losses - The loss from the Outsourced Business Process Management segment was approximately HK$4.4 million in FY2020, a significant improvement from a loss of approximately HK$19.5 million in FY2019[25]. - The Group recorded a net loss attributable to owners of approximately HK$11.9 million for FY2020, a significant reduction from a net loss of approximately HK$38.9 million in FY2019[46]. - The decrease in net loss was attributed to a reduction in depreciation of property, plant, and equipment by approximately HK$8.1 million and a decrease in administrative expenses from approximately HK$56.3 million in FY2019 to approximately HK$34.7 million in FY2020[46]. Management and Operational Efficiency - A review of management and cost structure will be conducted to improve efficiency and reduce expenses as part of the long-term strategy[16]. - The Board is committed to improving management and cost structures to enhance efficiency and reduce expenses[32]. - The Group has identified key operational risks and manages them through standard operating procedures and regular assessments[96]. - The management regularly identifies and assesses major operational risks to implement appropriate mitigation measures[100]. Compliance and Risk Management - The Group has complied with relevant laws and regulations that significantly impact its business operations during FY2020[81]. - The Group actively manages liquidity risk by monitoring cash flows and maintaining an adequate level of cash and cash equivalents to support operations and mitigate cash flow fluctuations[97]. - To minimize credit risk, the Group has established a dedicated team for determining credit limits, approvals, and monitoring overdue debts[98]. - The Group collaborates with external professionals to ensure compliance with local laws and regulations, thereby managing compliance risk[99]. - The Group's financial risk management includes close monitoring of foreign currency exposure and considering hedging strategies when necessary[101]. Employee and Corporate Governance - The Group employed 45 permanent employees as of March 31, 2020, with a distribution of 2 in the PRC, 7 in Hong Kong, and 36 in Macau[78]. - The Group continues to review employee remuneration packages based on market conditions and individual performance, offering various benefits including retirement contributions and medical allowances[79]. - The company has maintained directors' and officers' liability insurance throughout the year to cover legal actions against its directors and officers[170]. - The company has a share option scheme effective from September 28, 2012, aimed at incentivizing eligible participants[194]. Shareholding and Dividends - The Directors do not recommend any dividend payment for the year ended March 31, 2020, consistent with the previous year[130]. - The Company currently has no pre-determined dividend payout ratio, with the Board considering various financial performance metrics before recommending dividends[131]. - As of March 31, 2020, there are no distributable reserves available for the company[144]. - Approximately 5.5% of the group's total turnover is attributable to its five largest customers, with the largest customer accounting for about 2.3%[148]. - The percentage of purchases from the group's five largest suppliers is approximately 96.3%, with the largest supplier accounting for about 46.5% of total purchases[157].

Financial Performance - Revenue for the six months ended September 30, 2019, was HK$44,276,000, an increase of 1.5% from HK$43,620,000 in the same period of 2018[11] - Gross profit for the same period was HK$14,293,000, representing a gross margin of 32.3%, compared to HK$12,445,000 in 2018[11] - Loss from operations decreased to HK$5,103,000, down from HK$12,970,000 in the previous year, indicating improved operational efficiency[11] - Loss before tax was HK$6,905,000, a reduction of 48.9% compared to HK$13,539,000 in the prior period[11] - Total comprehensive loss for the period was HK$6,905,000, compared to HK$13,508,000 in the same period last year[11] - Basic and diluted loss per share was HK$0.29, an improvement from HK$0.64 in the previous year[11] - For the six months ended September 30, 2019, the total comprehensive loss amounted to HK$6,905,000, compared to a loss of HK$13,508,000 for the same period in 2018, representing a decrease of approximately 48%[15] - The group reported a loss before tax of HK$6.905 million, a reduction from a loss of HK$13.539 million in the previous year[72] - The segment loss for the outsourced business process management was HK$1.735 million, an improvement from a loss of HK$6.516 million in the same period last year[72] Assets and Liabilities - Non-current assets decreased to HK$10,708,000 from HK$8,063,000 as of March 31, 2019[13] - Current assets totaled HK$58,665,000, down from HK$64,444,000 as of March 31, 2019[13] - Net current assets decreased to HK$23,384,000 from HK$32,934,000[13] - Total equity as of September 30, 2019, was HK$34,092,000, down from HK$40,997,000 as of March 31, 2019[13] - The total liabilities increased to HK$35.281 million as of September 30, 2019, compared to HK$31.510 million as of March 31, 2019[77] Cash Flow - The net cash used in operating activities for the six months ended September 30, 2019, was HK$14,503,000, an improvement from HK$22,101,000 in the previous year, indicating a reduction of about 34%[19] - The cash and cash equivalents at the end of the period were HK$11,277,000, down from HK$38,166,000 at the end of the previous period, reflecting a decrease of approximately 70%[19] - The company reported a net cash generated from financing activities of HK$7,963,000 for the six months ended September 30, 2019, compared to HK$61,369,000 in the same period of the previous year, a decrease of approximately 87%[19] Segment Performance - Revenue from the outsourced business process management segment was HK$42.012 million, while the information technology services segment reported no revenue[72] - The money lending services segment generated revenue of HK$2.264 million, compared to no revenue in the same period last year[72] - Revenue from electronic gaming equipment management services in Macau was HK$42,012,000, a decrease of 3.7% from HK$43,620,000 in the previous year[85] - Revenue generated from the money lending business was approximately HK$2.3 million, with a segment profit of approximately HK$2.0 million during the reporting period[200] Investments and Fair Value - The Group's investment in Primus, a company in the USA, amounts to HK$155,460,000, representing 20.82% equity interest, classified as equity investments at fair value through other comprehensive income[117] - A loss of HK$54,157,000 from changes in fair value of equity investments was recognized in other comprehensive income for the year ended March 31, 2019[118] - The Group's Level 3 fair value measurements as of March 31, 2019, were valued by an independent valuer with relevant qualifications and recent experience in valuation[59] Management and Strategy - The Group's overall financial strategy includes a focus on managing credit risk through the grouping of receivables based on shared credit risk characteristics[135] - The Group's overall strategy remains unchanged from prior periods, focusing on optimizing the debt and equity balance to maximize returns to shareholders[159] - The Directors consider the cost of capital and associated risks as part of their regular review of the capital structure[159] Share Capital and Dividends - The company’s share capital remained unchanged at HK$23,663,000 from April 1, 2019, to September 30, 2019[15] - No dividend was recommended for the six months ended September 30, 2019, and 2018[100] Other Financial Information - The Group incurred no provision for Hong Kong profits tax as there were no assessable profits for the periods ended September 30, 2019, and 2018[94] - The Group's financial statements for the six months ended September 30, 2019, are unaudited, reflecting interim performance[138]

Financial Performance - The Group recorded revenue of approximately HK$87.8 million for FY2019, a decrease of approximately 21.9% from HK$112.4 million in FY2018[20]. - Revenue from the Outsourced Business Process Management decreased by approximately 19.0% from HK$107.0 million in FY2018 to approximately HK$86.7 million in FY2019, contributing over 98.7% of the Group's total revenue[21]. - The loss from the Outsourced Business Process Management segment increased to approximately HK$19.5 million in FY2019, compared to a loss of approximately HK$11.6 million in FY2018[21]. - The Group reported a net loss attributable to owners of approximately HK$38.9 million for FY2019, a significant decrease from approximately HK$131.6 million in FY2018, representing a reduction of about 70.5%[44]. - The total revenue for the Group in FY2019 was approximately HK$87.8 million, a decrease of approximately 21.9% from HK$112.4 million in FY2018[40]. Business Segments - The information technology services business, focusing on fintech, has started generating revenue for the Group after establishing key partnerships and acquiring licensed subsidiaries[12]. - The Group's revived fintech-related commercial factoring and money lending business has begun to contribute to overall revenue[20]. - Revenue from the information technology services business was approximately HK$58,000 in FY2019, compared to nil in FY2018[40]. - The money lending business generated approximately HK$1.1 million in revenue in FY2019, marking it as a new business segment for the Group[40]. - The Outsourced Business Process Management business contributed approximately 98.7% of the Group's total revenue, down from 95.2% in FY2018[40]. Strategic Initiatives - The Board plans to achieve sustainable growth by expanding into the Greater Bay Area and capturing opportunities in other high-growth Asian countries[13]. - The Group aims to maintain competitiveness by cautiously controlling operating costs while focusing on its core business[22]. - The Group has formed strategic partnerships with leading financial and fintech companies to enhance its business operations[29]. - The Group is actively seeking investment opportunities to expand and upgrade its business, particularly in electrical energy storage system solutions[37]. - The Group's operations in Macau position it to capitalize on opportunities arising from the Greater Bay Area development plan[84]. Cost Management - Operating, administrative, and other expenses decreased from approximately HK$70.0 million in FY2018 to approximately HK$56.3 million in FY2019, a reduction of about 19.6%[48]. - Staff costs decreased by approximately 45.5%, from approximately HK$29.8 million in FY2018 to approximately HK$16.2 million in FY2019[48]. - The accounting loss from impairment of various assets decreased from approximately HK$102.5 million in FY2018 to approximately HK$4.1 million in FY2019, a reduction of about 96%[48]. Investments and Acquisitions - The Group's investment in Primus Power Corporation resulted in a fair value change of approximately HK$54.2 million recognized in FY2019[38]. - The company acquired Powerful Finance Limited for a total consideration of HK$400,000, which is now a wholly owned subsidiary[69]. - The total consideration for the acquisition of Powerful Finance Limited was HK$400,000, which was settled in cash[98]. - The Group purchased trade receivables totaling RMB3.97 million from an independent commercial factoring company, scheduled to be repaid by the end of March 2019[89]. Risk Management - The Group's management regularly identifies and assesses key operational exposures to manage operational risks effectively[124]. - Financial risks include liquidity risk, foreign exchange rate risk, and credit risk, with measures in place to monitor and mitigate these risks[125]. - The company is focused on addressing crisis events that could disrupt business operations, indicating a proactive risk management approach[131]. - The management collaborates with external professionals to ensure compliance with local laws and regulations, mitigating compliance risks[130]. Governance and Compliance - The company has appointed experienced directors with backgrounds in finance, technology, and strategic management, enhancing governance[133][134][139][140]. - The independent non-executive directors bring diverse expertise in finance, auditing, and corporate governance, contributing to effective oversight[138][139][140]. - The Group has complied in material respects with relevant laws and regulations during FY2019[115]. - The company maintained directors' and officers' liability insurance throughout the year to cover legal actions against its directors and officers[193]. Share Capital and Dividends - For the financial year ended March 31, 2019, the Group did not recommend any dividend payment, consistent with the previous year[154]. - As of March 31, 2019, the Group had no reserves available for distribution, compared to approximately HK$23,117,000 in 2018[169]. - The Company currently does not have a pre-determined dividend payout ratio, and the Board has absolute discretion in recommending dividends[155]. - The Group's major activities are focused on the Macau market, indicating a strategic concentration in this region[153].