Financial Performance - Revenue for the six months ended September 30, 2023, was HK$188,200,000, a decrease of 14.2% compared to HK$219,424,000 in the same period of 2022[8]. - Gross profit for the same period was HK$52,398,000, down 10.1% from HK$58,268,000 year-over-year[8]. - EBITDA decreased by 20.2% to HK$9,946,000 from HK$12,459,000 in the prior year[8]. - The company reported a loss attributable to equity holders of HK$2,289,000, compared to a profit of HK$2,587,000 in the previous year, marking a 188.5% decline[8]. - Basic loss per share was HK(1.1) cents, a decrease of 184.6% from earnings of HK1.3 cents per share in the prior year[8]. - The total profit for the period was HK$946,000, a significant decrease from HK$5,314,000 in the same period last year[148]. - Profit for the period decreased to HK$946,000 from HK$5,314,000, representing a decline of approximately 82.2% year-over-year[103]. - Total comprehensive expense for the period was HK$5,084,000, compared to HK$16,462,000 in the previous year, indicating a reduction of about 69.0%[103]. Assets and Liabilities - Total assets as of September 30, 2023, were HK$292,775,000, down 8.5% from HK$320,093,000 as of March 31, 2023[8]. - Net assets decreased by 3.5% to HK$166,590,000 from HK$172,674,000[8]. - Current assets also fell from HK$252,536,000 to HK$231,884,000, a decrease of about 8.2%[105]. - Current liabilities decreased from HK$134,883,000 to HK$118,571,000, a reduction of about 12.1%[106]. - The total equity as of 30 September 2023 was approximately HK$167 million, down from approximately HK$173 million as of 31 March 2023[82]. - The Group's net borrowings decreased to approximately HK$45 million as of 30 September 2023, down from approximately HK$51 million as of 31 March 2023[82]. - The net gearing ratio improved to 27% as of 30 September 2023, compared to 29% as of 31 March 2023[82]. Cash Flow - The net cash balance improved by 35.1%, from a negative balance of HK$19,190,000 to HK$12,451,000[8]. - The Group recorded a net operating cash inflow of approximately HK$14 million, compared to HK$15 million in the corresponding period last year[84]. - Net cash generated from operating activities for the six months ended 30 September 2023 was HK$14,434,000, a decrease of 5.8% compared to HK$15,322,000 in the same period of 2022[110]. - Net cash used in investing activities significantly improved to HK$853,000 from HK$8,605,000 in the previous year, indicating a reduction in investment outflows[110]. - Net cash used in financing activities increased to HK$18,549,000 from HK$7,403,000, reflecting higher financing costs or repayments[110]. - The total cash and cash equivalents at the end of the period decreased to HK$24,592,000 from HK$31,141,000, representing a decline of 21.0%[110]. Dividends - An interim dividend of HK$0.005 per ordinary share was declared, consistent with the previous year[11]. - The company declared an interim dividend of HK$0.005 per ordinary share, totaling HK$1,000,000, consistent with the previous year[172]. Shareholding Structure - As of September 30, 2023, Dr. Hung Kim Fung and Ms. Yeung Man Yi each hold 90,000,000 shares, representing 45% of the company's total shares[19]. - Mr. Hung Ying Fung holds 26,990,000 shares, accounting for 13.5% of the total shares[19]. - Mr. Yeung Kwok Leung holds 30,000,000 shares, which is 15% of the total shares[19]. - M2B Holding Limited, owned by Dr. Hung and Ms. Yeung, holds 90,000,000 shares, representing 45%[32]. - Bestmark Management Limited, owned by Mr. Yeung and his wife, holds 30,000,000 shares, accounting for 15%[32]. Governance and Compliance - The company has complied with the Corporate Governance Code throughout the period, with a noted deviation regarding director retirement by rotation[36]. - No significant contracts involving directors' material interests were reported during the period[24]. - The company did not redeem or trade any of its listed shares during the period[35]. - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with the required standards[23]. Business Segments - The Group's revenue from the Electronic and Electrical Trading Business was approximately HK$124 million, representing a decrease of approximately 17.3% from approximately HK$150 million in the corresponding period[61]. - The revenue from the Computer Retail Business was approximately HK$7 million, a decrease of approximately 22.2% from approximately HK$9 million in the corresponding period[64]. - The revenue from the Cosmetic Business and Online Retail Business decreased to approximately HK$27 million, or about 3.6%, from approximately HK$28 million in the corresponding period[70]. - Segment results for the electronic and electrical trading business showed a profit of HK$6,224,000, while the computer business reported a loss of HK$283,000[148]. Financial Risks and Management - The Group's financial risk management policy has remained unchanged since the year ended 31 March 2023, continuing to address market, credit, and liquidity risks[130]. - The Group is currently assessing the potential impact of new HKFRSs but has not yet determined if they will significantly affect operations or financial position[126]. - The Group's accounting policies remain consistent with those of the annual financial statements for the year ended 31 March 2023[120].

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佈之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公佈 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 MOBICON GROUP LIMITED 萬保剛集團有限公司* （於百慕達註冊成立之有限公司） （股份代號：1213） 截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月 之 中 期 業 績 公 佈 業績 萬保剛集團有限公司（「本公司」）董事會（「董事會」）謹此公佈本公司及其附屬公 司（「本集團」）截至二零二三年九月三十日止六個月（「該期間」）之未經審核中期 綜 合 業 績，連 同 截 至 二 零 二 二 年 九 月 三 十 日 止 六 個 月（「去 年 同 期」）之 比 較 數 字。該等未經審核中期業績並未經本公司核數師審核，惟已經由本公司之審核 委員會（「審核委員會」）審閱。 ...

Financial Performance - Revenue for the year ended March 31, 2023, was HK$410,421,000, a decrease of 18.1% from HK$501,269,000 in 2022[11] - Gross profit decreased by 19.5% to HK$106,083,000 in 2023 from HK$131,768,000 in 2022[11] - Net profit for the year was HK$5,269,000, reflecting a significant decline of 75.1% compared to HK$21,140,000 in the previous year[11] - Earnings per share turned negative at HK$0.2, down from HK$6.6 in 2022, marking a 103% decrease[11] - Total assets decreased by 10.1% to HK$320,093,000 in 2023 from HK$355,925,000 in 2022[11] - Net assets per share fell to HK$86.3, down 8.3% from HK$94.1 in 2022[11] - The company's gross margin was 25.9%, slightly down from 26.3% in the previous year[11] - The Group recorded a turnover of approximately HK$410 million for the financial year ended 31st March 2023, a decrease of about 18.2% from HK$501 million in the previous year[26] - Gross profit decreased by approximately 19.7% to around HK$106 million, with a gross profit margin decline of about 1.5% from 26.3% to 25.9%[26] - The Group's operating profit was approximately HK$13.6 million, down from approximately HK$30 million in the previous year[26] - The loss attributable to shareholders was approximately HK$0.4 million, compared to a profit of approximately HK$13.2 million in the previous year, resulting in a loss per share of around HK$0.002[26] Business Segments - Revenue from the Electronic and Electrical Trading Business accounted for 66% of total revenue in 2023[18] - Turnover from the Electronic and Electrical Trading Business decreased by approximately 24.4% to about HK$273 million, while turnover from the Computer Business increased by approximately 2.6% to about HK$80 million[28] - The gross profit margins for the Electronic and Electrical Trading Business, Computer Business, and Cosmetic and Online Retail Business were approximately 28.0%, 19.3%, and 24.8% respectively, showing a decline in the Computer Business from 23.3% last year[46][54] - The Computer Retail Business recorded a turnover of approximately HK$16 million, a decrease of approximately 20% from HK$20 million last year, while the Computer Distribution Business increased by approximately 10.3% to HK$64 million[54][57] - The Cosmetic and Online Retail Business turnover decreased by approximately 9.5% to HK$57 million, down from HK$63 million last year, influenced by global inflation and increased operating costs[55][58] Financial Ratios and Assets - The company reported a current ratio of 1.9, unchanged from the previous year, while the quick ratio decreased by 14.3% to 0.6[11] - The inventory turnover ratio improved to 213 days in 2023, up from 185 days in 2022, indicating better inventory management[11] - The Group's cash and bank balances as of 31st March 2023 amounted to approximately HK$30 million, with a current ratio of approximately 1.9[60] - Total assets of the Group were approximately HK$320 million, down from approximately HK$356 million as of 31st March 2022[60] - The Group's total borrowings decreased to approximately HK$50 million from HK$69 million, with interest rates ranging from 2.8% to 11.3% per annum[62] - The total equity as of March 31, 2023, was approximately HK$173 million, down from HK$188 million a year earlier[66] - The net gearing ratio improved to 29% as of March 31, 2023, from 33% as of March 31, 2022[66] Market Outlook and Strategy - The Group expects the consumer electronics market to improve by the end of 2023, despite ongoing challenges from the Russia-Ukraine War and high inflation[32] - The Group is optimistic about the Cosmetics Retail Business due to the increase in tourists following the removal of COVID-19 restrictions, and plans to enhance procurement capabilities for high-quality Japanese goods[38] - The Group is nearing completion of its new headquarters in South Africa, which is expected to enhance operational efficiency and market share[33] - The company is considering strategic acquisitions to bolster its position in the electronics sector, with potential targets identified[86] - Market expansion efforts include entering two new Asian markets, projected to increase market share by 10%[86] Corporate Governance - The company has complied with the Corporate Governance Code during the Year Under Review, with some deviations regarding the retirement of directors [135] - The company emphasizes transparency, accountability, and independence in its corporate governance practices [134] - The Board is collectively responsible for overseeing the management of the business and affairs of the Group with the objective of enhancing share value [137] - The Company has adopted a board diversity policy to enhance corporate governance standards since August 29, 2013[144] - The Board consists of seven directors, including four executive directors and three independent non-executive directors, ensuring a balance of skills and experience[141] Management and Personnel - The executive team consists of experienced professionals with over 40 years of combined experience in the electronics industry, ensuring robust leadership[86] - The Group employed a total of 386 full-time employees as of March 31, 2023[75] - The financial management is overseen by the Chief Financial Officer, who has over 14 years of experience in auditing and accounting [120] - The business development managers are responsible for product development and brand management across various sectors [122][124] Audit and Compliance - The audit committee conducted four meetings during the review year, focusing on the effectiveness of financial reporting, risk management, and internal control systems[190] - The audit committee ensured compliance with accounting principles and practices as per the Listing Rules and statutory requirements[191] - The audit committee has recommended the re-appointment of the external auditors, indicating confidence in their performance[200] Dividend Policy - The company has adopted a dividend policy, allowing the board to declare dividends subject to legal restrictions and other considerations[192] - The board considers factors such as debt to equity ratios and market conditions when deciding on dividend payments[194] - The company emphasizes the importance of retained earnings and distributable reserves in its dividend policy[194]

Financial Performance - Revenue for the six months ended September 30, 2022, was HK$219,424,000, a decrease of 15.6% compared to HK$259,886,000 in the same period of 2021[10]. - Gross profit decreased by 17.3% to HK$58,268,000 from HK$70,469,000 year-on-year[10]. - EBITDA fell by 40.1% to HK$12,459,000 compared to HK$20,784,000 in the previous year[10]. - Profit attributable to equity holders of the company was HK$2,587,000, down 64.6% from HK$7,299,000 in the prior year[10]. - Basic earnings per share decreased by 63.9% to 1.3 HK cents from 3.6 HK cents year-on-year[10]. - The Group recorded a revenue of approximately HK$219 million during the Period, representing a decrease of approximately 15.8% compared to HK$260 million in the Corresponding Period[51]. - Gross profit decreased from approximately HK$70 million in the Corresponding Period to approximately HK$58 million, a decline of approximately 17.1%, with a gross profit margin of approximately 26.6%[52]. - The Group recorded an operating profit of approximately HK$8.4 million for the Period, down from HK$17.3 million in the Corresponding Period[52]. - Profit attributable to equity holders was approximately HK$2.6 million, down from approximately HK$7.3 million in the corresponding period, with basic earnings per share of HK$0.013 compared to HK$0.036[58]. - The Group reported a total comprehensive loss of HK$16,462,000 for the period ended September 30, 2022[95]. Assets and Liabilities - Total assets as of September 30, 2022, were HK$321,872,000, a decline of 9.6% from HK$355,925,000 as of March 31, 2022[10]. - Net assets decreased by 9.3% to HK$170,707,000 from HK$188,169,000[10]. - The Group's total borrowings amounted to approximately HK$65 million, down from HK$69 million as of 31 March 2022[76]. - Current liabilities decreased from HK$162,695,000 to HK$142,930,000, a reduction of about 12.1%[90]. - Total liabilities were HK$151,165,000 as of September 30, 2022[144]. - The net debt after deducting cash and cash equivalents of approximately HK$32 million is about HK$32 million, resulting in a net debt-to-equity ratio of 36.4% as of 30 September 2022, up from 33% as of 31 March 2022[76]. Cash Flow - Net cash generated from operating activities for the six months ended 30 September 2022 was HK$15,322,000, a decrease of 21.4% compared to HK$19,544,000 in 2021[97]. - Net cash used in investing activities increased significantly to HK$8,605,000 from HK$1,663,000 in the previous year, indicating a higher investment outflow[97]. - Cash and cash equivalents at the end of the period were HK$31,141,000, down from HK$35,135,000 in 2021, reflecting a decrease of 11.3%[97]. Dividends - The interim dividend per share remained unchanged at 0.5 HK cents[10]. - The Board declared an interim dividend of HK$0.005 per ordinary share for the six months ended 30 September 2022, unchanged from the previous year[12]. - The interim dividend will be payable on 23 December 2022 to eligible shareholders[12]. Shareholding Structure - As of 30 September 2022, Dr. Hung Kim Fung and Ms. Yeung Man Yi each hold 90,000,000 shares, representing 45% of the total interests[16]. - Mr. Yeung Kwok Leung holds 30,000,000 shares, accounting for 15% of the total interests[16]. - Mr. Hung Ying Fung has personal interests of 26,990,000 shares, which is 13.5% of the total interests[16]. Business Segments - The Group continues to focus on three main business segments: Electronic and Electrical Trading, Computer Business, and Cosmetic and Online Retail Business, which are critical for resource allocation and performance assessment[111]. - Revenue from the Electronic and Electrical Trading Business was approximately HK$150 million, representing a decrease of approximately 22.3% from approximately HK$193 million in the corresponding period[62]. - Revenue from the Computer Retail Business decreased by approximately 10% to HK$9 million, while the Computer Distribution Business increased by approximately 6.5% to HK$33 million[69]. - The revenue of the Cosmetic Business and Online Retail Business increased by approximately 7.7% to HK$28 million, despite conservative consumer sentiment impacting store sales[69]. Expenses - Total operating expenses for the Period were approximately HK$55 million, compared to approximately HK$54 million in the Corresponding Period[52]. - Distribution and selling expenses decreased by approximately 10.5% to about HK$17 million from approximately HK$19 million in the previous period[56]. - General and administrative expenses increased by approximately 5.6% to about HK$38 million from approximately HK$36 million in the corresponding period[56]. - Employee benefit expense totaled HK$27,890,000 for the six months ended 30 September 2022, slightly increasing from HK$27,397,000 in 2021[168]. Financial Risks and Management - The Group did not incur any significant foreign exchange risks as of 30 September 2022, with no hedging transactions undertaken[77]. - The Group's financial risk management policy has remained unchanged since March 31, 2022, indicating stability in risk management practices[108]. Related Party Transactions - The Group's related party transactions were conducted in the normal course of business at terms agreed between the contracting parties[196]. - M-Bar Limited is a wholly-owned subsidiary of Mobicon Electronic Supplies Company Limited, owned by significant shareholders of the Company[196]. - PC Supply Group is primarily owned by A Plus Computer Shop Limited, which is also beneficially owned by the Company's directors and substantial shareholders[197].

Financial Performance - Revenue for the year ended March 31, 2022, was HK$501.3 million, representing a 9.8% increase from HK$456.4 million in 2021[11] - Gross profit increased by 19.9% to HK$131.8 million, up from HK$109.9 million in the previous year[11] - Operating profit rose by 29.4% to HK$30.1 million, compared to HK$23.2 million in 2021[11] - Net profit for the year was HK$21.1 million, reflecting a 13.7% increase from HK$18.6 million in 2021[11] - Earnings per share increased to HK$6.6, an 8.2% rise from HK$6.1 in the previous year[11] - Total assets as of March 31, 2022, were HK$355.9 million, a 6.4% increase from HK$334.5 million in 2021[11] - Net assets increased by 8.8% to HK$188.2 million, up from HK$172.9 million in the previous year[11] - The gross margin improved to 26.3%, up from 24.1% in 2021, indicating better cost management[11] Business Segments Performance - Turnover from the Electronic and Electrical Trading Business increased by approximately 22.8% to HK$361 million, while turnover from the Computer Business decreased by approximately 19.6% to HK$78 million[23] - The Group's revenue from the Electronic and Electrical Trading Business was approximately HK$361 million, representing an increase of about 22.8% compared to approximately HK$294 million last year[45] - The gross profit margin for the Electronic and Electrical Trading Business, Computer Business, and Cosmetic and Online Retail Business were approximately 27.1%, 23.3%, and 25.1% respectively for the Reporting Period[44] - The Computer Retail Business recorded a turnover of approximately HK$20 million, a decrease of about 20% from approximately HK$25 million in the previous year[52] - The turnover of the Computer Distribution Business decreased by about 19.4% to approximately HK$58 million, down from approximately HK$72 million last year[52] - The Group's overseas subsidiaries recorded an aggregate turnover of approximately HK$175 million, representing an increase of approximately 28.7% compared to approximately HK$136 million last year[49] - The South African subsidiary recorded turnover of approximately HK$143 million, an increase of about 31.2% from approximately HK$109 million last year[50] - The Electronic and Electrical Trading Business accounted for approximately 72% of the Group's total turnover during the Reporting Period[43] - The Computer Business accounted for approximately 15% of the Group's total turnover during the Reporting Period[43] - The Cosmetic and Online Retail Business accounted for approximately 13% of the Group's total turnover during the Reporting Period[43] Liquidity and Financial Ratios - The company maintained a current ratio of 1.9 and a quick ratio of 0.7, indicating stable liquidity[11] - As of 31st March 2022, the Group's cash and bank balances amounted to approximately HK$37 million, with net current assets of approximately HK$138 million, maintaining a current ratio of approximately 1.9[57] - The Group's total borrowings as of 31st March 2022 were approximately HK$69 million, slightly down from HK$70 million as of 31st March 2021[59] - The Group's net borrowings amounted to approximately HK$62 million as of 31st March 2022, compared to approximately HK$61 million as of 31st March 2021[59] - The net gearing ratio decreased to 33% as of 31st March 2022, down from 35.3% as of 31st March 2021[59] - The Group had banking facilities totaling approximately HK$89 million as of 31st March 2022, with an unused balance of approximately HK$20 million[59] Management and Governance - The Group has a strong governance structure with qualified professionals in key positions, ensuring compliance and strategic oversight[90][94] - The management team is focused on business development and expansion in the Asia Pacific region, leveraging their extensive industry experience[83][86] - The company has independent non-executive directors with extensive experience in accounting, auditing, and financial management, including Dr. Leung with over 35 years of experience[90] - The independent non-executive directors bring diverse backgrounds and expertise, enhancing the company's strategic direction[85][92] - The Group's management structure includes a mix of experienced professionals with backgrounds in finance, business development, and retail[100][102][110][112] - The Company emphasizes transparency, accountability, and independence in its corporate governance practices[119] Risk Management and Internal Controls - The Company has established risk management and internal control systems to identify, analyze, evaluate, and mitigate risks impacting operational efficiency and business objectives[193] - An annual risk identification exercise is conducted to assess the consequences and likelihood of risks, including the development of risk management plans[194] - The internal audit function examines key financial and operational issues, providing findings and recommendations for improvement to the Audit Committee[195] - The Board, supported by the Audit Committee, reviewed the effectiveness of risk management and internal control systems during the reporting period, deeming them adequate[199] Dividend Policy - The Company has adopted a dividend policy, allowing for the declaration of dividends based on the Board's recommendation, subject to various considerations[176] - Factors considered in the dividend declaration include the Group's overall financial condition, future operations, liquidity position, and expected working capital requirements[179] - The Company may decide not to declare dividends for reasons such as maintaining capital structure and reserving capital for opportunities[176] - The Company’s retained earnings and distributable reserves are considered when determining dividend amounts[179] Employee and Management Structure - As of March 31, 2022, the Group had a total of 394 full-time employees, including staff in Hong Kong and overseas subsidiaries[61] - The headcount for the Electronic and Electrical Trading Business increased by approximately 6.1% to 331 full-time employees, while the Computer Business saw a decrease of approximately 7.8% to 47 employees[28] - The total number of executive directors and senior management receiving remuneration in the range of HK$500,001 to HK$1,000,000 is 2, while 11 individuals earn below HK$500,000, totaling 13 persons[162] Audit and Compliance - The consolidated financial statements for the year ended March 31, 2022, were audited by HLB Hodgson Impey Cheng Limited, with a recommendation for re-appointment at the upcoming annual general meeting[188] - The auditors' remuneration for the year ended March 31, 2022, totaled HK$1,120,000, comprising HK$900,000 for audit services and HK$220,000 for non-audit services[192] - All members of the Audit Committee are Independent Non-Executive Directors (INEDs), ensuring compliance with Listing Rules regarding professional qualifications[173]

[Corporate Information](index=2&type=section&id=Corporate%20Information) This section outlines key corporate governance and operational information, including board structure, committees, and professional advisors - The report provides key corporate governance and operational information, including details on the board of directors, committee members, registered office, principal place of business, auditors, legal advisors, and principal bankers[4](index=4&type=chunk)[5](index=5&type=chunk) [Financial Highlights](index=5&type=section&id=Financial%20Highlights) This section presents a concise overview of the company's key financial performance and position for the period [Financial Highlights Summary](index=5&type=section&id=Financial%20Highlights%20Summary) The group reported **18.3%** revenue growth to **HKD 260 million** and **26.7%** gross profit increase, with profit attributable to owners slightly down **0.6%** Half-Yearly Performance and Financial Position Summary | Metric | Six Months Ended Sep 30, 2021 (HKD '000) | Six Months Ended Sep 30, 2020 (HKD '000) | Change (%) | | :--- | :--- | :--- | :--- | | **Performance** | | | | | Revenue | 259,886 | 219,744 | 18.3 | | Gross Profit | 70,469 | 55,605 | 26.7 | | EBITDA | 20,784 | 17,552 | 18.4 | | Profit Attributable to Owners of the Company | 7,299 | 7,344 | (0.6) | | Basic EPS (HK Cents) | 3.6 | 3.7 | (2.7) | | Interim Dividend Per Share (HK Cents) | 0.5 | 0.5 | 0.0 | | **Financial Position** | **As of Sep 30, 2021 (HKD '000)** | **As of Mar 31, 2021 (HKD '000)** | **Change (%)** | | Total Assets | 326,484 | 334,479 | (2.4) | | Net Assets | 180,625 | 172,875 | 4.5 | [Report of the Directors](index=6&type=section&id=Report%20of%20the%20Directors) This section details the interim dividend declaration, directors' and substantial shareholders' interests, and the company's corporate governance practices [Interim Dividend](index=6&type=section&id=Interim%20Dividend) The Board declared an interim dividend of **HKD 0.005** per ordinary share for the six months ended September 30, 2021, consistent with the prior year - The Board resolved on November 25, 2021, to declare an interim dividend of **HKD 0.005** per ordinary share, consistent with the same period in 2020[9](index=9&type=chunk) [Directors' and Substantial Shareholders' Interests](index=7&type=section&id=Directors%27%20and%20Substantial%20Shareholders%27%20Interests) This section details the shareholdings of directors and substantial shareholders, including significant stakes held by Dr. Hung Kim Fung and Ms. Yeung Man Yee Directors' and Substantial Shareholders' Shareholdings (As of Sep 30, 2021) | Shareholder Name | Number of Shares Held | Percentage of Shareholding | | :--- | :--- | :--- | | Dr. Hung Kim Fung (via M2B Holding) | 90,000,000 | 45% | | Ms. Yeung Man Yee (via M2B Holding) | 90,000,000 | 45% | | Mr. Hung Ying Fung (Individual) | 26,990,000 | 13.50% | | Mr. Yeung Kwok Leung (via Bestmark Management) | 30,000,000 | 15% | [Corporate Governance and Committees](index=10&type=section&id=Corporate%20Governance%20and%20Committees) The company largely complied with corporate governance codes, with a noted deviation regarding the non-rotation of the Chairman and Managing Director for business continuity - The company deviates from Corporate Governance Code Provision A.4.2, where the Chairman and Managing Director are not subject to retirement by rotation; the Board believes this arrangement contributes to the stable implementation of long-term business plans[26](index=26&type=chunk) - The Audit Committee, Remuneration Committee, and Nomination Committee are established and fulfill their respective duties, with their composition complying with regulations and primarily consisting of independent non-executive directors[26](index=26&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk) [Management Discussion and Analysis](index=12&type=section&id=Management%20Discussion%20and%20Analysis) This section provides an in-depth analysis of the group's financial performance, business segment review, future outlook, and liquidity management [Financial Results](index=12&type=section&id=Financial%20Results) Group revenue increased **18.2%** to **HKD 260 million**, gross profit grew **25%**, and operating profit rose to **HKD 17.3 million**, with profit attributable to owners stable at **HKD 7.3 million** Half-Yearly Financial Performance Overview | Metric | Six Months Ended Sep 30, 2021 (HKD M) | Six Months Ended Sep 30, 2020 (HKD M) | YoY Growth (%) | | :--- | :--- | :--- | :--- | | Revenue | 260 | 220 | 18.2% | | Gross Profit | 70 | 56 | 25.0% | | Operating Profit | 17.3 | 12.2 | 41.8% | | Profit Attributable to Owners of the Company | 7.3 | 7.3 | 0.0% | - Gross profit margin increased from **25.3%** in the prior period to **27.1%**[40](index=40&type=chunk) - Other income in the prior period was higher (approximately **HKD 7.3 million**), primarily due to approximately **HKD 6 million** in government grants, whereas current period other income was only approximately **HKD 1.1 million**[40](index=40&type=chunk) [Business Review](index=14&type=section&id=Business%20Review) The group's core businesses are electronic and electrical component trading, computer, and cosmetics/online retail, with the electronic segment showing strong growth while others declined Revenue Contribution by Business Segment | Business Segment | Revenue (HKD M) | Share of Total Revenue (%) | | :--- | :--- | :--- | | Electronic and Electrical Component Trading Business | 193 | 74% | | Computer Business | 41 | 16% | | Cosmetic and Online Business | 26 | 10% | [Electronic and Electrical Trading Business](index=14&type=section&id=Electronic%20and%20Electrical%20Trading%20Business) This primary revenue segment grew **46.2%** to **HKD 193 million**, driven by strong global electronic component demand and significant recovery in overseas markets, especially South Africa - Hong Kong market: Benefited from strong global demand for electronic components, with manufacturers actively placing orders to maintain inventory, driving revenue growth of **46.2%** to **HKD 193 million**[50](index=50&type=chunk)[54](index=54&type=chunk) - Overseas markets: Total revenue from overseas subsidiaries increased by **56.9%**, with the South African subsidiary's revenue growing by **66.7%** to **HKD 75 million**, primarily due to the recovery of business activities post-pandemic and increased demand for electrical components[51](index=51&type=chunk)[55](index=55&type=chunk) [Computer Business](index=15&type=section&id=Computer%20Business) Computer business revenue declined, with retail down **28.6%** and distribution down **20.5%**, as demand normalized following the pandemic-driven surge - Due to the high base from last year's surge in demand for work-from-home and remote learning during the pandemic, current period demand has returned to normal levels, resulting in a **28.6%** and **20.5%** decline in computer retail and distribution business revenue, respectively[58](index=58&type=chunk)[62](index=62&type:chunk) [Cosmetic and Online Business](index=15&type=section&id=Cosmetic%20and%20Online%20Business) Revenue for this segment decreased **25.7%** to **HKD 26 million**, impacted by reduced foot traffic from mask mandates and intensified online market competition - Revenue decreased by **25.7%** to **HKD 26 million**, primarily impacted by: 1) "mask mandates" and social restrictions reducing demand for color cosmetics and retail foot traffic; and 2) intensified competition in the online e-commerce market[59](index=59&type=chunk)[63](index=63&type:chunk) [Outlook](index=15&type=section&id=Outlook) The group anticipates continued electronic component supply-demand imbalance, stable computer business demand with potential margin pressure, and ongoing challenges in cosmetics, leading to strategic adjustments - **Electronic Business**: Supply-demand imbalance is expected to continue until Q3 2022, with particular optimism for the South African business, and the group will seek investment opportunities for expansion[60](index=60&type=chunk)[66](index=66&type:chunk) - **Computer Business**: Demand is expected to remain stable, but flash memory product margins may face pressure due to intense competition[61](index=61&type=chunk)[66](index=66&type:chunk) - **Cosmetic Business**: The business faces short-term pressure, with one Mong Kok branch closed, and resources reallocated to online operations and high-margin exclusive distribution products[66](index=66&type=chunk) [Liquidity, Financial Resources and Capital Structure](index=16&type=section&id=Liquidity%2C%20Financial%20Resources%20and%20Capital%20Structure) As of September 30, 2021, the group maintained a robust financial position with **HKD 35 million** cash, an improved current ratio of **2.0**, and a reduced net debt-to-equity ratio of **30.2%** Key Liquidity and Capital Structure Indicators | Metric | As of Sep 30, 2021 | As of Mar 31, 2021 | | :--- | :--- | :--- | | Cash and Bank Balances | HKD 35 million | HKD 33.5 million | | Current Ratio | ~2.0 | ~1.9 | | Net Debt-to-Equity Ratio | 30.2% | 35.5% | | Trade Receivables Turnover Days | 42 days | 43 days | | Inventory Turnover Days | 174 days | 185 days | - The group's total bank facilities amount to approximately **HKD 104 million**, with approximately **HKD 43 million** remaining unutilized, indicating sufficient financial resources[66](index=66&type=chunk) [Condensed Consolidated Interim Financial Statements](index=18&type=section&id=Condensed%20Consolidated%20Interim%20Financial%20Statements) This section presents the condensed consolidated interim financial statements, including the statement of profit or loss, comprehensive income, financial position, changes in equity, and cash flows [Condensed Consolidated Interim Statement of Profit or Loss](index=18&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Profit%20or%20Loss) For the six months ended September 30, 2021, revenue increased **18.3%** to **HKD 260 million**, profit for the period rose **33.8%** to **HKD 12.73 million**, and profit attributable to owners remained stable at **HKD 7.3 million** Statement of Profit or Loss Summary | Item (HKD '000) | 2021 H1 | 2020 H1 | | :--- | :--- | :--- | | Revenue | 259,886 | 219,744 | | Gross Profit | 70,469 | 55,605 | | Operating Profit | 17,256 | 12,155 | | Profit for the Period | 12,733 | 9,516 | | Profit Attributable to Owners of the Company | 7,299 | 7,344 | [Condensed Consolidated Interim Statement of Comprehensive Income](index=19&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Comprehensive%20Income) Total comprehensive income for the period was **HKD 10.95 million**, with **HKD 6.09 million** attributable to owners, primarily impacted by **HKD 1.79 million** in currency translation differences Statement of Comprehensive Income Summary | Item (HKD '000) | 2021 H1 | 2020 H1 | | :--- | :--- | :--- | | Profit for the Period | 12,733 | 9,516 | | Other Comprehensive (Expense)/Income | (1,788) | 5,195 | | Total Comprehensive Income for the Period | 10,945 | 14,711 | | Total Comprehensive Income Attributable to Owners of the Company | 6,090 | 11,004 | [Condensed Consolidated Interim Statement of Financial Position](index=20&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Financial%20Position) As of September 30, 2021, total assets were **HKD 326.48 million** (down **2.4%**), total liabilities **HKD 146 million**, and total equity increased **4.5%** to **HKD 180.63 million** Statement of Financial Position Summary | Item (HKD '000) | As of Sep 30, 2021 | As of Mar 31, 2021 | | :--- | :--- | :--- | | Non-current Assets | 42,310 | 43,447 | | Current Assets | 284,174 | 291,032 | | **Total Assets** | **326,484** | **334,479** | | Current Liabilities | 141,925 | 156,833 | | Non-current Liabilities | 3,934 | 4,771 | | **Total Equity** | **180,625** | **172,875** | [Condensed Consolidated Interim Statement of Changes in Equity](index=22&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Changes%20in%20Equity) Equity attributable to owners increased from **HKD 125.16 million** to **HKD 130.29 million**, driven by **HKD 6.09 million** in comprehensive income, partially offset by **HKD 1 million** in dividends - During the reporting period, equity attributable to owners of the company increased from **HKD 125,155 thousand** to **HKD 130,293 thousand**, primarily due to total comprehensive income for the period (**HKD 6,090 thousand**) and dividends paid (**-HKD 1,000 thousand**)[83](index=83&type=chunk) [Condensed Consolidated Interim Statement of Cash Flows](index=23&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Cash%20Flows) Net cash from operating activities significantly improved to **HKD 19.54 million**, with net cash used in investing at **HKD 1.66 million** and financing at **HKD 9.70 million**, resulting in **HKD 35.14 million** cash at period-end Cash Flow Statement Summary | Item (HKD '000) | 2021 H1 | 2020 H1 | | :--- | :--- | :--- | | Net Cash Generated from Operating Activities | 19,544 | 10,837 | | Net Cash Used in Investing Activities | (1,663) | (174) | | Net Cash Used in Financing Activities | (9,695) | (9,876) | | Cash and Cash Equivalents at End of Period | 35,135 | 33,989 | [Notes to the Condensed Consolidated Interim Financial Information](index=24&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Interim%20Financial%20Information) This section provides detailed notes to the condensed consolidated interim financial information, including revenue segmentation, trade receivables, related party transactions, and subsidiary disposal [Note 6: Revenue and Segment Information](index=28&type=section&id=Note%206%3A%20Revenue%20and%20Segment%20Information) Note 6 details revenue composition, with electronic and electrical component trading as the primary source, and Hong Kong, South Africa, and Asia Pacific as key geographical markets Revenue by Geographical Region | Region | 2021 H1 Revenue (HKD '000) | 2020 H1 Revenue (HKD '000) | | :--- | :--- | :--- | | Hong Kong | 114,386 | 129,979 | | Asia Pacific | 64,006 | 39,569 | | South Africa | 73,367 | 45,123 | | Europe | 7,571 | 4,089 | | Other Countries | 556 | 984 | | **Total** | **259,886** | **219,744** | [Note 14: Trade Receivables](index=38&type=section&id=Note%2014%3A%20Trade%20Receivables) Note 14 provides an aging analysis of trade receivables, totaling **HKD 61.72 million** as of September 30, 2021, with approximately **93%** within **60 days**, indicating efficient collection Aging Analysis of Trade Receivables | Aging | As of Sep 30, 2021 (HKD '000) | As of Mar 31, 2021 (HKD '000) | | :--- | :--- | :--- | | 0 to 60 Days | 57,317 | 55,801 | | 61 to 120 Days | 3,797 | 930 | | Over 121 Days | 606 | 137 | | **Total** | **61,720** | **56,868** | [Note 19: Related Party Transactions](index=42&type=section&id=Note%2019%3A%20Related%20Party%20Transactions) Note 19 discloses significant related party transactions, including rental payments and goods procurement/sales, all conducted on normal commercial terms - The group has leasing, procurement, and sales transactions with related parties such as M-Bar Limited and Zidianwang Group, all conducted under normal commercial terms[224](index=224&type=chunk)[227](index=227&type:chunk) [Note 20: Disposal of a Subsidiary](index=45&type=section&id=Note%2020%3A%20Disposal%20of%20a%20Subsidiary) Note 20 discloses the group's disposal of a **70%** equity interest in Milliard Devices Limited for approximately **HKD 0.704 million**, resulting in a gain of **HKD 0.012 million** - On August 31, 2021, the group disposed of a **70%** equity interest in Milliard Devices Limited for a cash consideration of approximately **HKD 704 thousand**, recording a gain on disposal of **HKD 12 thousand**[231](index=231&type=chunk)[233](index=233&type:chunk)

Annual Report 載 2020/2021 Mobicon Group Limited 萬 保 剛 集 團 有 限 公 司 (股份編號 Stock Code:1213) MOBICON 南非 侍續擴展 Continuous expansion in SOUTH AFRICA Enterprising Pragmatic Aspiring 商界展} caringcompan ong Council of Social 香港社會屋務聯會 | --- | --- | --- | |-------|------------------------------------------------|----------------------| | | | | | | | | | | CONTENTS 目錄 | | | | | | | | | | | 2 | Corporate Information | 公司資料 | | 4 | Group Structure | 集團架構 | | 5 | Financial Highlights | 財務摘要 | | 7 | CEO's Statement | 行政總裁報告 ...

[Corporate Information](index=2&type=section&id=Corporate%20Information) Presents fundamental corporate details and contact information [Financial Highlights](index=5&type=section&id=Financial%20Highlights) The Group's revenue decreased by 6.1% while gross profit increased by 5.9%, leading to a turnaround in profit attributable to equity holders to HKD 7.344 million 2020/2021 Interim Performance Summary (For the Six Months Ended September 30) | Metric | 2020 H1 (thousand HKD) | 2019 H1 (thousand HKD) | YoY Change (%) | | :--- | :--- | :--- | :--- | | **Revenue** | 219,744 | 233,975 | -6.1% | | **Gross Profit** | 55,605 | 52,504 | +5.9% | | **EBITDA** | 17,552 | 5,932 | +195.9% | | **Profit/(Loss) Attributable to Equity Holders** | 7,344 | (3,981) | +284.5% | | **Basic Earnings/(Loss) Per Share (HK cents)** | 3.7 | (2.0) | +285% | | **Interim Dividend Per Share (HK cents)** | 0.5 | 0.5 | - | Financial Position Summary | Metric | September 30, 2020 (thousand HKD) | March 31, 2020 (thousand HKD) | Period Change (%) | | :--- | :--- | :--- | :--- | | **Total Assets** | 312,823 | 306,355 | +2.1% | | **Net Assets** | 154,995 | 141,484 | +9.5% | | **Total Equity Attributable to Equity Holders** | 116,288 | 106,284 | +9.4% | [Report of the Directors](index=6&type=section&id=Report%20of%20the%20Directors) The report outlines corporate governance, dividend policy, and shareholdings, highlighting an unchanged interim dividend and a governance deviation regarding the Chairman's tenure - The Board resolved to declare an interim dividend of **HKD 0.005 per ordinary share** for the six months ended September 30, 2020, consistent with the same period in 2019[13](index=13&type=chunk) - Chairman Dr. Hung Kim Fung and Vice Chairman Ms. Yeung Man Yee jointly hold **45% of the company's shares** through M2B Holding Limited; Director Mr. Yeung Kwok Leung holds **15% of the shares** through Bestmark Management Limited[17](index=17&type=chunk)[19](index=19&type=chunk) - A deviation in corporate governance exists: the Chairman and Managing Director are not subject to rotation retirement as per company articles, which does not comply with code provision A.4.2, though the Board believes this arrangement supports long-term business stability[32](index=32&type=chunk)[35](index=35&type=chunk) - The Audit Committee has reviewed the unaudited condensed consolidated interim financial statements for the period[33](index=33&type=chunk)[36](index=36&type=chunk) [Management Discussion and Analysis](index=12&type=section&id=Management%20Discussion%20and%20Analysis) Provides an in-depth review of the Group's financial performance, business operations, and future outlook [Financial Results](index=12&type=section&id=Financial%20Results) Group revenue declined by 6% to HKD 220 million, but gross profit increased by 5.7% to HKD 56 million, leading to a turnaround in profit attributable to equity holders to HKD 7.3 million Key Financial Metric Changes | Metric | 2020 H1 | 2019 H1 | Change | | :--- | :--- | :--- | :--- | | **Revenue** | approx. HKD 220 million | approx. HKD 234 million | -6% | | **Gross Profit** | approx. HKD 56 million | approx. HKD 53 million | +5.7% | | **Gross Profit Margin** | 25.3% | 22.4% | +2.9pp | | **Operating Profit** | approx. HKD 12.2 million | approx. HKD 2.2 million | Significant Increase | | **Profit Attributable to Equity Holders** | approx. HKD 7.3 million | Loss approx. HKD 4 million | Turned Profitable | - Other income significantly increased, primarily due to the recognition of approximately **HKD 6 million in government grants** during the period[48](index=48&type=chunk)[49](index=49&type=chunk) [Business Review](index=14&type=section&id=Business%20Review) The Group's core businesses showed mixed performance, with electronic trading declining, computer business growing significantly, and cosmetics and online retail seeing slight revenue decrease, while Hong Kong remained the largest market Revenue Contribution by Business Segment (2020 H1) | Business Segment | Revenue Contribution Ratio | Revenue (approx.) | YoY Change | | :--- | :--- | :--- | :--- | | **Electronic Trading Business** | 60.1% | HKD 132 million | -13.2% | | **Computer Business** | 23.9% | HKD 52 million | +13.8% | | **Cosmetic and Online Retail Business** | 16.0% | HKD 35 million | -2.8% | Revenue Contribution by Region (2020 H1) | Region | Revenue Contribution Ratio | | :--- | :--- | | **Hong Kong** | 59.2% | | **Asia Pacific (excluding Hong Kong)** | 18.0% | | **South Africa** | 20.5% | | **Other Regions** | 2.3% | [Electronic Trading Business](index=14&type=section&id=Electronic%20Trading%20Business) Electronic trading, the largest revenue source, saw a decline to HKD 132 million due to the pandemic, with overseas subsidiaries also experiencing a 14.7% revenue decrease - Electronic trading business revenue was approximately **HKD 132 million**, serving as the Group's primary revenue source, but demand decreased due to the pandemic, particularly with a significant decline in orders from the toy industry[56](index=56&type=chunk) - South African subsidiary revenue decreased by **11.8%** to approximately **HKD 45 million**, primarily due to approximately **50 days of strict lockdown measures** implemented locally[56](index=56&type=chunk) [Computer Business](index=15&type=section&id=Computer%20Business) The computer business achieved strong growth, with retail revenue up 40% to HKD 14 million and distribution up 5.6% to HKD 38 million, driven by pandemic-related demand - Computer retail business revenue increased by **40%** year-on-year to approximately **HKD 14 million**[59](index=59&type=chunk)[62](index=62&type=chunk) - Computer distribution business revenue increased by **5.6%** year-on-year to approximately **HKD 38 million**[59](index=59&type=chunk)[62](index=62&type=chunk) [Cosmetic and Online Retail Business](index=15&type=section&id=Cosmetic%20and%20Online%20Retail%20Business) Cosmetic and online retail revenue slightly decreased by 2.8% to HKD 35 million, as online growth partially offset physical store losses due to a strategic shift to e-commerce - This business segment's revenue slightly decreased by **2.8%** to approximately **HKD 35 million**[60](index=60&type=chunk)[63](index=63&type=chunk) - The business focus has shifted to online retail, with significant growth in online revenue, but physical store revenue was severely impacted by the pandemic[60](index=60&type=chunk)[63](index=63&type=chunk) [Outlook](index=16&type=section&id=Outlook) The Group holds cautious optimism for the second half, anticipating improved electronic business, normalized computer demand, and continued online sales growth for cosmetics and retail - Optimistic about the recovery of the South African electronic business, with improved performance expected in the second half[65](index=65&type=chunk) - Anticipates computer product demand to normalize and plans to enhance market share through social media networks[65](index=65&type=chunk) - Positive on the cosmetic and online retail business, continuing to invest in social media marketing to drive sales[65](index=65&type=chunk) [Liquidity and Financial Resources](index=16&type=section&id=Liquidity%20and%20Financial%20Resources) As of September 30, 2020, the Group's financial position is robust with HKD 34 million in cash, a current ratio of 1.8, and HKD 40 million in unused bank facilities Key Liquidity Ratios | Metric | September 30, 2020 | March 31, 2020 | | :--- | :--- | :--- | | **Cash and Cash Equivalents** | approx. HKD 34 million | approx. HKD 28.8 million | | **Current Ratio** | 1.8 | 1.6 | | **Unused Bank Facilities** | approx. HKD 40 million | approx. HKD 36 million | Working Capital Turnover Days | Metric | 2020 H1 | 2020 FY End | | :--- | :--- | :--- | | **Accounts Receivable Turnover Days** | 42 Days | 39 Days | | **Accounts Payable Turnover Days** | 33 Days | 30 Days | | **Inventory Turnover Days** | 188 Days | 169 Days | [Capital Structure](index=17&type=section&id=Capital%20Structure) As of September 30, 2020, the Group's capital structure improved, with net borrowings decreasing and the net debt-to-equity ratio significantly declining to 40.6% - The net debt-to-equity ratio (net borrowings/total equity) decreased from **50.4%** to **40.6%**[69](index=69&type=chunk)[71](index=71&type=chunk) Key Capital Structure Data | Metric | September 30, 2020 (thousand HKD) | March 31, 2020 (thousand HKD) | | :--- | :--- | :--- | | **Net Borrowings** | approx. 63,000 | approx. 71,000 | | **Total Equity** | approx. 155,000 | approx. 141,000 | [Condensed Consolidated Interim Financial Statements](index=18&type=section&id=Condensed%20Consolidated%20Interim%20Financial%20Statements) Presents the Group's unaudited interim financial performance and position for the period [Condensed Consolidated Interim Statement of Profit or Loss](index=19&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Profit%20or%20Loss) The statement shows Group revenue of HKD 219.7 million, gross profit of HKD 55.6 million, and profit attributable to equity holders of HKD 7.344 million Condensed Consolidated Interim Statement of Profit or Loss (For the Six Months Ended September 30) | Item (thousand HKD) | 2020 (Unaudited) | 2019 (Unaudited) | | :--- | :--- | :--- | | **Revenue** | 219,744 | 233,975 | | **Gross Profit** | 55,605 | 52,504 | | **Operating Profit** | 12,155 | 2,235 | | **Profit Before Income Tax** | 10,786 | 560 | | **Profit/(Loss) for the Period** | 9,516 | (1,784) | | **Profit/(Loss) Attributable to Equity Holders of the Company** | 7,344 | (3,981) | [Condensed Consolidated Interim Statement of Comprehensive Income](index=20&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Comprehensive%20Income) The statement shows total comprehensive income of HKD 14.711 million for the period, with HKD 11.004 million attributable to equity holders, including currency translation differences [Condensed Consolidated Interim Statement of Financial Position](index=21&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Financial%20Position) The statement shows total assets of HKD 312.8 million, net assets of HKD 155 million, and net current assets of HKD 116.8 million as of September 30, 2020 Key Financial Position Data | Item (thousand HKD) | September 30, 2020 (Unaudited) | March 31, 2020 (Audited) | | :--- | :--- | :--- | | **Non-current Assets** | 45,383 | 47,181 | | **Current Assets** | 267,440 | 259,174 | | **Total Assets** | 312,823 | 306,355 | | **Current Liabilities** | 150,671 | 158,383 | | **Non-current Liabilities** | 7,157 | 6,488 | | **Net Assets** | 154,995 | 141,484 | | **Total Equity** | 154,995 | 141,484 | [Condensed Consolidated Interim Statement of Changes in Equity](index=23&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Changes%20in%20Equity) The statement shows total equity attributable to equity holders increased from HKD 106.3 million to HKD 116.3 million, driven by comprehensive income partially offset by dividends [Condensed Consolidated Interim Statement of Cash Flows](index=24&type=section&id=Condensed%20Consolidated%20Interim%20Statement%20of%20Cash%20Flows) The statement shows net cash generated from operating activities of HKD 10.837 million, with net cash outflows from investing and financing, and a period-end cash balance of HKD 33.989 million Condensed Cash Flow Statement (For the Six Months Ended September 30) | Item (thousand HKD) | 2020 (Unaudited) | 2019 (Unaudited) | | :--- | :--- | :--- | | **Net Cash Generated from Operating Activities** | 10,837 | 3,195 | | **Net Cash Used in Investing Activities** | (174) | (7,557) | | **Net Cash Used in Financing Activities** | (9,876) | (2,672) | | **Cash and Cash Equivalents at End of Period** | 33,989 | 22,741 | [Notes to the Condensed Consolidated Interim Financial Information](index=25&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Interim%20Financial%20Information) Provides detailed explanations and breakdowns for various line items within the condensed consolidated interim financial statements [6. REVENUE AND SEGMENT INFORMATION](index=30&type=section&id=6.%20REVENUE%20AND%20SEGMENT%20INFORMATION) This note details revenue and performance by segment and region, highlighting increased segment results for electronic trading and computer businesses, and a turnaround to profit for cosmetic and online retail Segment Results by Business Segment (Before Finance Costs) | Business Segment (thousand HKD) | 2020 H1 | 2019 H1 | | :--- | :--- | :--- | | **Electronic Trading Business** | 5,880 | 3,580 | | **Computer Business** | 3,733 | 270 | | **Cosmetic and Online Retail Business** | 2,543 | (1,612) | Revenue by Geographical Region | Region (thousand HKD) | 2020 H1 | 2019 H1 | | :--- | :--- | :--- | | **Hong Kong** | 129,979 | 131,274 | | **Asia Pacific** | 39,569 | 46,415 | | **South Africa** | 45,123 | 51,384 | | **Europe** | 4,089 | 3,709 | | **Other Countries** | 984 | 1,193 | [19. RELATED PARTY TRANSACTIONS](index=44&type=section&id=19.%20RELATED%20PARTY%20TRANSACTIONS) This note discloses related party transactions, including a HKD 1.392 million rental payment to M-Bar Limited and various transactions with PC Supply Group - Rental payment of **HKD 1.392 million** to related company M-Bar Limited, which is beneficially owned by several of the company's directors and major shareholders[188](index=188&type=chunk)[190](index=190&type=chunk) - Procurement transactions of **HKD 0.561 million** and sales transactions of **HKD 0.132 million** occurred with related company PC Supply Group[188](index=188&type=chunk)[190](index=190&type=chunk)

Annual Report ﷺ 2019/2020 Mobicon Group Limited 萬 保 剛 集 團 有 限 公 司 (股份编號 Stock Code:1213) 疫後再出發 Start Again After Epidemic 商界展開 caringcompany ore Council of Sccial Screen Screen Screen Screen School Schillers Council of Score Scor MOBIC Enterprising - Pragmatic - Aspiring CONTENTS目錄 | --- | --- | --- | |-------|------------------------------------------------|----------------------| | | | | | 2 | Corporate Information | 公司資料 | | 4 | Group Structure | 集團架構 | | 5 | Financial Highlights | 財務摘要 | | 7 | CEO's Sta ...

Mobicon Group Limited 萬 保 剛 集 團 有 限 公 司 ( 股 份 編 號 Stock Code : 1213 ) Enterprising 商界展网 caringcompany ong Council of Social Service 香港社會服務聯會通販 2019/2 INTERIM CONTENT 目錄 Corporate Information 2 公司資料 Financial Highlights 4 財務摘要 Report of the Directors 5 董事會報告 Management Discussion and Analysis 10 管理層討論及分析 Condensed Consolidated Interim Statement of Profit or Loss 17 簡明綜合中期損益表 Condensed Consolidated Interim Statement of Comprehensive Income 18 簡明綜合中期全面收益表 Condensed Consolidated Interim Statement of Financial P ...