Group 1 - The Hong Kong tourism sector saw significant gains in the afternoon trading session, with notable increases in stock prices [1] - Hong Kong China Travel (00308.HK) surged over 148%, indicating strong investor interest and confidence in the company [1] - Professional Travel (01235.HK) experienced a rise of over 58%, reflecting positive market sentiment towards travel-related stocks [1] - Ocean Park (02255.HK) also saw an increase of over 25%, suggesting a recovery trend in the tourism industry [1]

Core Viewpoint - The company, originally established in 2008 as a leading cleanroom system integrator, is expanding its business from medical applications to laboratory integration and electronic cleanroom services, aiming to create a second growth curve and enhance its market position in the semiconductor ecosystem [1][2]. Group 1: Business Expansion and Market Position - The company has transitioned from focusing solely on medical cleanrooms to include laboratory integration and electronic cleanroom services, having served over 800 clients including public hospitals and industrial electronics firms [1]. - The company announced a name change from "Huakang Medical" to "Huakang Clean" in March 2025, and plans to issue 750 million yuan in convertible bonds to support new business initiatives [1]. - A joint venture named "Wuhan Guanggu Huafeng Operation Technology Co., Ltd." was established with partners to strengthen future growth in the cleanroom technology sector [1]. Group 2: Market Dynamics and Financial Performance - The medical purification system market in China is valued at approximately 31.27 billion yuan annually, with the company holding orders worth 2.753 billion yuan for 2024, indicating a robust order book [2]. - The company has achieved positive operating cash flow of 150 million yuan in 2024, indicating a balance between orders and cash flow, which supports sustainable growth in its core business [2]. - The electronic cleanroom sector, which accounted for 54% of the cleanroom industry in 2022, is expected to see continued demand growth, with the company entering this market through strategic partnerships and service capabilities [2]. Group 3: Revenue and Profit Forecast - Revenue projections for the company from 2025 to 2027 are estimated at 2.8 billion, 3.6 billion, and 4.8 billion yuan, representing year-on-year growth rates of 61%, 32%, and 33% respectively [3]. - The net profit attributable to the parent company is forecasted to be 170 million, 220 million, and 300 million yuan for the same period, with growth rates of 156%, 30%, and 35% respectively [3]. - The company is expected to maintain a solid growth trajectory based on its established experience in the medical cleanroom sector and its expansion into the semiconductor cleanroom market [3].

Revenue Growth - The total revenue from continuing operations for the six months ended September 30, 2024, was HKD 310.6 million, an increase of 43.1% compared to HKD 217.0 million in the same period last year[10]. - The service income from travel and wedding-related products was HKD 30.5 million, up 27.2% from HKD 23.9 million year-on-year[10]. - Revenue from tour sales surged to HKD 84.0 million, a remarkable increase of 151.4% compared to HKD 33.4 million in the previous year[10]. - Total customer sales from continuing operations reached HKD 310.6 million, a 43.1% increase from HKD 217.0 million in the same period last year[18]. - Total revenue from continuing operations was HKD 114.5 million, up 99.5% from HKD 57.4 million year-on-year[18]. - Revenue for the six months ended September 30, 2024, was HKD 114,490,000, a 100% increase from HKD 57,370,000 in the same period of 2023[54]. - Revenue from the sale of travel and wedding-related products amounted to HKD 226,582,000, up from HKD 183,572,000 year-over-year, indicating a growth of approximately 23.4%[75]. - The total customer contract revenue for the six months was HKD 313,318,000, compared to HKD 219,182,000 in the previous year, marking a growth of 42.9%[75]. - Revenue from the sale of travel packages was HKD 310,618,000, up from HKD 217,003,000, representing an increase of 43.2%[75]. Profitability - The profit attributable to the owners of the company from continuing operations was HKD 3.0 million, a 57.9% increase from HKD 1.9 million in the same period last year[14]. - The basic earnings per share from continuing operations rose to HKD 0.6, compared to HKD 0.4 in the previous year[10]. - Operating profit increased to HKD 3,367,000, up 57.3% from HKD 2,140,000 year-over-year[54]. - Profit before tax for the period was HKD 2,959,000, a 55% increase compared to HKD 1,910,000 in the previous year[54]. - The company reported a total comprehensive income of HKD 2,481,000 for the period, compared to HKD 1,606,000 in the prior year[54]. - The basic earnings per share for the six months ended September 30, 2024, was approximately HKD 2,959,000, compared to HKD 1,913,000 for the same period in 2023, reflecting an increase in profitability[105]. Operational Efficiency - The company plans to enhance its competitiveness by investing in infrastructure and expanding its customer base through promotional activities and digital channels[14]. - The group plans to enhance operational efficiency by optimizing employee structure and strengthening resources to improve customer service and product offerings[33]. - The group will continue to explore new travel routes and tailor itineraries for individual, group, and corporate clients, investing resources in these initiatives[33]. - The company will continue to strengthen resources in study tours, incentive travel, and cruise holidays to meet customer needs[16]. Financial Position - As of September 30, 2024, the total assets amounted to HKD 161,433,000, an increase from HKD 130,013,000 as of March 31, 2024, representing a growth of approximately 24.2%[60]. - Cash and cash equivalents increased to HKD 70,041,000 from HKD 49,573,000, reflecting a rise of about 41.2%[66]. - The current liabilities rose significantly to HKD 112,801,000 from HKD 75,754,000, indicating an increase of approximately 48.9%[62]. - The company reported a profit of HKD 1,609,000 for the period, with total equity amounting to HKD 64,194,000 as of September 30, 2024, down from HKD 68,761,000 as of March 31, 2024[64]. - The company’s total liabilities increased to HKD 48,632,000 from HKD 54,259,000, indicating a decrease of about 10.0%[62]. Employee and Management - As of September 30, 2024, the group employed 153 staff, an increase from 140 staff as of March 31, 2024, with approximately 54.2% being frontline employees[31]. - Employee costs, including director remuneration, increased to HKD 25,642,000 for the six months ended September 30, 2024, compared to HKD 19,516,000 in 2023, reflecting a rise of 31.5%[95]. - Total remuneration for directors and other key management personnel amounted to HKD 1,008,000 for the six months ended September 30, 2024, up from HKD 948,000 in the previous year, representing a 6.3% increase[126]. - Short-term employee benefits for key management personnel increased to HKD 984,000 from HKD 906,000, reflecting a growth of 8.6%[126]. Market Outlook - The company remains cautiously optimistic about future growth despite challenges from global economic uncertainties and geopolitical tensions[16]. - The group anticipates continued growth in travel demand despite global economic challenges and geopolitical tensions, maintaining a cautiously optimistic outlook[31]. Shareholder Information - As of September 30, 2024, the group’s major shareholders, Mr. Ko and Mrs. Ko, collectively hold 72.74% of the issued share capital[36]. - Major shareholder Gao Xuan holds 356,715,000 shares, representing 69.96% of the issued share capital[51]. - The company has adopted a share option scheme on September 6, 2011, to reward employees and attract talent, with options granted for a total of 31 million shares[44]. Miscellaneous - The company has no outstanding bank borrowings as of September 30, 2024[26]. - The group recorded a foreign exchange loss of approximately HKD 301,000 for the period, compared to a loss of HKD 1.3 million in 2023[30]. - The company has not purchased, sold, or redeemed any of its listed securities during the six months ending September 30, 2024[33]. - The company has decided not to declare an interim dividend for the six months ended September 30, 2024, consistent with the previous period[106].

Financial Performance - Total customer sales from continuing operations reached HKD 310.6 million, an increase of 43.1% compared to HKD 217.0 million in the same period last year[3] - Revenue from continuing operations was HKD 114.5 million, up 99.5% from HKD 57.4 million year-on-year[3] - Profit attributable to owners from continuing operations was HKD 3.0 million, compared to HKD 1.9 million in 2023[3] - Earnings per share from continuing operations was HKD 0.6 cents, an increase from HKD 0.4 cents in 2023[3] - Gross profit for the period was HKD 42.1 million, compared to HKD 30.2 million in the previous year[5] - Operating profit was HKD 3.4 million, up from HKD 2.1 million year-on-year[5] - Total comprehensive income for the period was HKD 2.5 million, compared to HKD 1.6 million in the previous year[5] - For the six months ending September 30, 2024, the company reported total revenue of HKD 120,837,000, a significant increase from HKD 63,267,000 in the same period of 2023, representing a growth of approximately 91%[20] - The group's reported segment revenue for the six months ended September 30, 2024, was HKD 114,490,000, compared to HKD 57,370,000 for the same period in 2023, representing a 99.5% increase[27] - The group's profit from continuing operations for the same period was HKD 12,572,000, up from HKD 9,621,000 in 2023, indicating a 30.4% growth[27] Customer Sales and Revenue - Total customer sales receipts for ongoing operations amounted to HKD 310,618,000, up from HKD 217,003,000, reflecting a growth of around 43%[21] - Revenue from the sale of travel and wedding-related products reached HKD 30,454,000, up from HKD 23,939,000, indicating a growth of about 27%[19] - The company generated HKD 84,036,000 from tour sales, compared to HKD 33,431,000 in the previous year, marking an increase of approximately 151%[19] Dividends and Shareholder Returns - The board decided not to declare an interim dividend for the six months ended September 30, 2024, consistent with the previous year[3] - Basic earnings per share from continuing operations were HKD 0.6 cents, compared to HKD 0.4 cents in the previous year[54] Assets and Liabilities - Total assets as of September 30, 2024, were HKD 161.4 million, an increase from HKD 130.0 million as of March 31, 2024[10] - The group's total liabilities as of September 30, 2024, were HKD 119,158,000, compared to HKD 84,464,000 as of March 31, 2023, indicating a 41.1% increase[27] - Total equity attributable to owners was HKD 64.2 million, down from HKD 68.8 million as of March 31, 2024[12] Expenses and Costs - Employee costs, including director remuneration, rose to HKD 25,642,000 for the six months ended September 30, 2024, from HKD 19,516,000 in 2023, a 31.5% increase[30] - The group recorded a significant increase in sales and distribution costs, rising by 36.2% to HKD 25.2 million compared to HKD 18.5 million in the same period last year[61] - Administrative and other operating expenses increased by 30.5% to HKD 17.1 million, up from HKD 13.1 million in the previous year, primarily due to rising employee costs[62] Cash Flow and Financial Position - The group achieved an operating cash inflow of approximately HKD 36.5 million, compared to HKD 24.8 million for the six months ending September 30, 2023[64] - The group had cash and cash equivalents totaling HKD 112.5 million as of September 30, 2024, compared to HKD 85.2 million as of March 31, 2024[64] Discontinued Operations - The company completed the sale of its entire stake in a subsidiary, which has been reflected in the financial statements as discontinued operations[2] - The group incurred a loss of HKD 478,000 from discontinued operations for the six months ended September 30, 2024, compared to a loss of HKD 304,000 in 2023[27] Compliance and Governance - The company has complied with all provisions of the corporate governance code as outlined in the listing rules during the period[75] - The audit committee reviewed the interim results for the period and discussed them with management[76] - The company adopted the standard code of conduct for securities trading by directors and confirmed compliance during the period[77] Future Outlook and Strategy - The group anticipates continued growth in travel demand despite global economic challenges and geopolitical tensions, maintaining a cautiously optimistic outlook[73] - The group plans to continue expanding its product offerings and enhancing competitiveness to adapt to market trends and challenges[56] - The group will continue to invest in exploring new travel routes and tailor-made itineraries for individual, small group, and corporate clients[73] - The company plans to enhance operational efficiency by optimizing employee structure and strengthening resources to improve customer service and product offerings[73]

董事及高級管理層履歷 麥敬修先生，50歲，於二零一一年六月二十九日獲委任為本公司獨立非執行董事。麥先生為美國註冊會計師協會會 員。彼於波士頓大學畢業，獲工商管理理學士學位，並獲倫敦大學金融管理理學碩士學位。麥先生曾於多家投資機構 出任高層職位，於企業融資及私募基金投資擁有逾二十年經驗。於二零一零年至二零一二年，彼於中國生命（香港） 有限公司（中國生命集團有限公司（股份代號：8296）全資附屬公司）擔任總經理。於二零零七年至二零一八年，麥先 生出任於聯交所上市之公司新疆天業節水灌溉股份有限公司（股份代號：840）的獨立非執行董事。目前，彼為捷隆控 股有限公司（股份代號：1425）的獨立非執行董事，該公司的證券為於聯交所上市。 高級管理層 企業管治常規 本公司董事（「董事」）會（「董事會」）承諾維持及確保高標準的企業管治，以達致有成效的問責制，同時保障本公司股 東利益。截至二零二四年三月三十一日止年度，本公司已遵守香港聯合交易所有限公司證券上市規則（「上市規則」） 附錄C1《企業管治守則》（「企業管治守則」）所載所有適用守則條文。 董事委員會 年內，董事出席董事會會議的記錄以及委員會成員出席提名委員會會議、薪酬委 ...

Travel Expert (Asia) Enterprises Limited 專 業 旅 運（ 亞 洲 ）企 業 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1235） 全年業績 二零二四年 二零二三年 附註 千港元 千港元 毛利 67,820 22,066 行政及其他經營開支 (28,720) (21,465) 融資成本 6 (684) (256) 年內溢利╱（虧損） 9,023 (2,205) 2 綜合財務狀況表 於二零二四年三月三十一日 非流動資產 物業、廠房及設備 16,096 5,820 無形資產 540 594 預付款項及按金 3,550 3,110 遞延稅項資產 3,026 – 75,754 43,457 | --- | --- | --- | --- | |------------------------------|-------|--------|--------| | 流動資產 存貨 | | 1,390 | 2,067 | | 應收貿易款項 | 10 | 16 | 71 | | 預付款項、按金及其他應收款項 | | 23,856 | 8,540 | | 可收回稅項 ...

Financial Performance - Total customer sales revenue reached HKD 219.2 million, a significant increase of 352.1% compared to HKD 48.5 million in the same period last year[4]. - Total revenue for the period was HKD 59.5 million, up 561.1% from HKD 9.0 million year-on-year[6]. - The company reported a profit attributable to owners of HKD 1.6 million, reversing a loss of HKD 4.0 million in the previous year[11]. - Basic earnings per share were HKD 0.3, compared to a loss of HKD 0.8 per share in the prior year[4]. - The return on equity improved to 2.6% from a negative 6.9% in the previous year[4]. - The group achieved an operating cash inflow of approximately HKD 24.8 million, a substantial increase from HKD 1.3 million in the same period last year[22]. - Total comprehensive income for the six months ended September 30, 2023, was HKD 1,598,000, compared to a loss of HKD 4,031,000 in the same period of 2022[55]. - Profit attributable to owners of the company for the same period was HKD 1,609,000, a significant recovery from a loss of HKD 3,982,000 in 2022[55]. - The reported segment profit for the same period was HKD 9,317,000, a turnaround from a loss of HKD 2,812,000 in the previous year[81]. Revenue Sources - Revenue from services related to travel and wedding products was HKD 23,939,000, up from HKD 6,914,000 in 2022, indicating a year-over-year increase of about 246%[69]. - The sales of travel packages surged to HKD 33,431,000 from HKD 92,000, marking an increase of approximately 36,000%[69]. - The company reported external customer revenue of HKD 59,549,000 for the six months ended September 30, 2023, compared to HKD 8,988,000 for the same period in 2022, representing a significant increase of 563%[81]. Cost and Expenses - The group recorded a significant increase in sales and distribution costs, rising by 203.3% to HKD 18.5 million compared to HKD 6.1 million in the same period last year[18]. - Administrative and other operating expenses increased by 18.9% to HKD 13.2 million, primarily due to rising employee costs[19]. - Employee costs, including director remuneration, rose to HKD 20,328,000 for the six months ended September 30, 2023, compared to HKD 8,919,000 in the prior year, marking an increase of 128%[84]. Assets and Liabilities - The net asset value as of September 30, 2023, was HKD 61.3 million, up from HKD 59.6 million as of March 31, 2023[22]. - Total assets as of September 30, 2023, amounted to HKD 125,934,000, up from HKD 95,837,000 as of March 31, 2023[57]. - The company’s total liabilities increased to HKD 80,302,000 as of September 30, 2023, up from HKD 45,766,000 as of March 31, 2023, representing a growth of 75%[81]. - Current liabilities increased to HKD 74,889,000 from HKD 43,457,000, indicating a rise in operational obligations[59]. Operational Developments - The company has expanded its travel offerings to include tours to mainland China, which have received positive customer feedback[6]. - Management is implementing flexible business policies to address challenges such as labor shortages and insufficient flight availability[7]. - The group opened 2 new retail stores during the period to capitalize on the market recovery[18]. - The company has resumed normal operations since February 2023, leading to an improvement in performance and a rise in customer numbers[64]. Corporate Governance and Policies - The board has decided not to declare an interim dividend for this period, consistent with the previous year[11]. - The group has complied with all corporate governance codes as per the Hong Kong Stock Exchange listing rules[33]. - The company has adopted a share option scheme to reward employees and encourage their continued service, with options granted to eligible individuals[28]. - The board will regularly review the compensation policy based on the group's operational performance and market conditions[28]. Future Outlook - The company plans to continue investing in infrastructure and technology to support future growth[9]. - The group is actively seeking business opportunities to enhance profitability while maintaining prudent financial management to control costs and improve operational efficiency[31]. - The travel industry is experiencing a strong rebound due to the lifting of travel restrictions, with increasing demand for travel products[29]. - The group aims to enhance competitiveness and resilience to achieve sustainable business growth[31].

Financial Performance - The company reported a total customer sales revenue of HKD 186.8 million, an increase of 285.2% compared to HKD 48.5 million in the previous year[6]. - Total revenue for the year was HKD 40.3 million, up 291.3% from HKD 10.3 million in the prior year[12]. - The company recorded a loss attributable to shareholders of HKD 2.2 million, significantly improved from a loss of HKD 17.9 million in the previous year[9]. - Basic loss per share was HKD 0.4, compared to HKD 3.5 in the previous year[12]. - The company did not recommend a final dividend for the year ending March 31, 2023, consistent with the previous year[12]. - Other income and gains increased from HKD 7.9 million to HKD 12.3 million, primarily due to a significant rise in rental revision income from HKD 170,000 to HKD 4.2 million[18]. - Sales and distribution costs rose by 76.7% to HKD 15.9 million, attributed to increased frontline staff and sales commission expenses[19]. - Administrative and other operating expenses increased by 2.9% to HKD 21.5 million, mainly due to rising employee costs[20]. - The group achieved an operating cash inflow of HKD 17.6 million, compared to an outflow of HKD 7.6 million in the previous year[22]. - The group had a net asset value of HKD 59.6 million, down from HKD 61.2 million in the previous year[22]. - The group has committed capital expenditure of HKD 711,000 for property, plant, and equipment acquisitions, up from HKD 172,000 in the previous year[25]. - The group recorded a foreign exchange loss of HKD 1.4 million, compared to a foreign exchange gain of HKD 1.1 million in the previous year[27]. Business Operations - The company launched various travel products, including staycation packages and local day tours, in response to market demand[9]. - The outbound travel business resumed in October 2022 after a two-year hiatus, with successful tours to Germany and other destinations[9]. - Future investments will focus on enhancing branch networks and upgrading IT and office equipment to support recovery[10]. - The company anticipates challenges in employee recruitment and compensation due to labor shortages in Hong Kong[10]. - The company aims to maintain a cautious approach to resource allocation while remaining optimistic about future business growth[10]. - The group's online business recorded continuous growth, focusing on sales of theme park tickets, train tickets, bus tickets, ferry tickets, and staycation packages[13]. - The company continues to monitor market developments closely and will adopt flexible measures and strategies to align with the latest market trends[29]. - The travel product demand is showing a strong upward trend, although the operating environment remains challenging due to various factors[29]. - The company plans to enhance its profitability by investing in frontline staff and new leases while strengthening online sales channels[29]. - The company is committed to prudent financial management to control cost efficiency and improve operational effectiveness[29]. - The company aims to enhance competitiveness and resilience to achieve sustainable business growth[29]. - The company has enhanced frontline service quality and diversified its travel products and services to differentiate from online travel agents[94]. Governance and Board Structure - The board consists of five members, including two executive directors and three independent non-executive directors, ensuring compliance with listing rules[39]. - The board held four regular meetings during the year, adhering to the scheduled meeting framework[42]. - The roles of the chairman and CEO are separated, with Mr. Ko Wai Ming as chairman and Ms. Cheng Hang Fan as CEO, promoting effective governance[44]. - Independent non-executive directors confirmed their independence, meeting the criteria set out in listing rules[40]. - The company encourages continuous professional development for directors, ensuring they stay updated on business and regulatory developments[46]. - The board believes that the contributions of experienced directors enhance the company's business prospects[44]. - The company has a structured process for appointing directors, ensuring compliance with the company's articles of association[43]. - The board has maintained a balance of power and authority, with regular meetings to discuss operational matters[44]. - The company provides monthly updates to all board members, including independent non-executive directors, to keep them informed[42]. - The independent non-executive director Mr. Mak King Siu has served on the board for over nine years, contributing valuable insights[39]. - The Nomination Committee reviewed the board's structure and composition, finding it suitable without recommending further changes[49]. - The Remuneration Committee reviewed and proposed the remuneration scheme for directors and senior management for the fiscal year 2023 to 2024[51]. - The Audit Committee monitored the relationship with external auditors and ensured the integrity of the company's financial statements[53]. - The company has established three committees: Nomination, Remuneration, and Audit, all led by independent non-executive directors[47]. - The Nomination Committee proposed the appointment of Mr. Xie Jin Tian as an independent non-executive director and chairman of the Remuneration Committee[49]. - The Remuneration Committee is responsible for establishing transparent remuneration policies for directors and senior management[51]. - The Audit Committee reviewed the financial control, risk management, and internal control systems of the company[53]. - The company adopted a nomination policy in 2019 to enhance board diversity and governance standards[49]. - The attendance records for board meetings and committee meetings were documented, showing full participation from executive and independent directors[47]. - The company ensured that remuneration for directors aligns with contractual terms and is fair and reasonable[51]. - As of March 31, 2023, the board consists of four male members and one female member, achieving gender diversity in line with the company's diversity policy[56]. - Approximately 57.0% of the group's employees, including senior management, are female, with 62.5% of the management team being female, indicating a commitment to gender diversity[56]. Risk Management - The company has adopted a risk management policy since 2016 to identify, assess, and mitigate risks, with the overall risk level assessed as moderate[61]. - The company has a formal whistleblowing policy in place, but no complaints or reports were received during the review year[62]. - The board is responsible for preparing financial statements that fairly reflect the group's financial position and performance, confirming no doubts about the company's ability to continue as a going concern[63]. - The company has a dividend policy aimed at providing stable and sustainable returns to shareholders while retaining sufficient reserves for future development[67]. - The company encourages timely communication with shareholders regarding financial performance and major business developments, with no shareholder questions received during the year[68]. - The board will regularly review its composition and diversity to ensure ongoing effectiveness in meeting the company's needs[56]. - The company has established a comprehensive internal control system to safeguard shareholder investments and company assets[61]. - The company adopted a revised and restated memorandum and articles of association at the 2022 annual general meeting to comply with the latest applicable laws and regulations in the Cayman Islands[73]. - The risk management framework categorizes risks into strategic, financial, compliance, and operational risks, which are regularly assessed for their potential impact and likelihood[76]. - The board of directors is responsible for ensuring an appropriate risk management framework and process, with updates on identified risks provided every six months[78]. - The risk management team, led by the CEO, is tasked with implementing the risk management policy and continuously monitoring identified risks[80]. - The company allows shareholders to propose suggestions for discussion at general meetings, enhancing shareholder engagement[72]. - Shareholders holding at least 10% of voting rights can request a special general meeting within two months of submission[71]. - The company has established a risk management policy to identify, assess, and mitigate risks effectively[75]. - The risk assessment process involves identifying potential threats and evaluating their impact on the company's strategic objectives[82]. - The company’s articles of association allow for hybrid and electronic meetings, facilitating broader participation from shareholders[73]. - The risk management team updates the audit committee quarterly on major risk changes and appropriate mitigation measures[81]. - The company has identified risks categorized into levels A, B, C, D, or N based on a matrix assessing severity and likelihood[87]. - Risk management policies have been implemented to identify, analyze, and monitor risks continuously, with regular reviews to identify new risks[88]. - The company faces significant competitive pressure from online travel agents and low-cost airlines, impacting business performance and profit margins[92]. - The risk management team reviews and updates the risk register quarterly, ensuring appropriate measures are taken for identified risks[93]. - Foreign exchange risk is monitored closely, with policies in place to mitigate potential impacts from currency fluctuations[95]. - Financial investment activities are regulated with clear policies to limit investment losses to approved caps[96]. - The company is committed to compliance with relevant laws and regulations, with no significant compliance risks identified during the year[97]. - IT security measures have been upgraded, including new firewalls and regular data backups, to protect against potential cyber threats[98]. Employee and Workplace Safety - The company has implemented various health and safety measures, including mandatory mask-wearing and temperature checks for all employees and visitors[133]. - Employee training programs have been established, focusing on customer service and sales skills, although frontline training was limited due to COVID-19[139]. - The company encourages continuous professional development for its directors and senior management, covering governance and regulatory updates[139]. - A total of 23.5 hours of training were provided to employees at the managerial level during the 2022/2023 fiscal year[138]. - The company has a clear career progression plan for frontline employees, promoting talent development and retention[142]. - The company emphasizes employee recognition through awards for long service, with one employee honored for 30 years of service during the reporting period[139]. - The company actively promotes a safe working environment and has invested resources in improving safety management measures[131]. - The company recorded zero work-related injuries during the reporting period, maintaining a consistent record from the previous year[135]. - There were no lost workdays due to injuries, reflecting the company's commitment to workplace safety[135]. - The company has established internal guidelines for extreme weather events to ensure employee safety and minimize property loss[122]. Environmental and Social Responsibility - The group is committed to ethical business practices and sustainable development across all operations[100]. - The group has implemented various IT measures to reduce unnecessary waste and lower carbon emissions, including video conferencing and electronic training programs[112]. - The group donated 200 monitors to charitable organizations to reduce electronic waste and extend the lifespan of computers[116]. - The group encourages employees to conserve water and has posted reminders in common areas to promote water-saving practices[115]. - The group reused office furniture and equipment during relocations to minimize carbon footprint and save costs[117]. - The group has established a stakeholder communication policy to enhance dialogue with shareholders and ensure timely information dissemination[107]. - The group actively collects customer feedback through various channels, including its websites and direct email communications[108]. - The group is focused on maintaining compliance with relevant laws and regulations governing its business activities in Hong Kong[111]. - The group aims to balance stakeholder interests through constructive dialogue and long-term relationship building[106]. - Electricity consumption decreased by 62.4% to 62,333 kWh in 2022/23 from 165,610 kWh in 2021/22[120]. - Paper consumption increased to 9,523 tons in 2022/23, reflecting the growth in business operations post-COVID-19[120]. - The company has implemented various energy-saving measures, including replacing traditional bulbs with LED lights to reduce greenhouse gas emissions[121]. - The company encourages the use of electronic documents to minimize paper consumption and has adopted a paperless office approach[121]. - The company plans to continue exploring innovative ways to reduce resource consumption and environmental impact in the future[120]. - The group made charitable donations totaling HKD 10,000 during the year, consistent with the previous year[163]. - The group has no bank borrowings as of March 31, 2023[162]. - The group has not engaged in any purchases, sales, or redemptions of its listed securities during the year[168]. - The group’s main business is investment holding, with subsidiary operations detailed in the consolidated financial statements[155]. - The group has no investment properties as of March 31, 2023[161]. - The group has implemented anti-corruption measures, including distributing anti-corruption pamphlets to new employees[153]. - The group’s five largest customers accounted for less than 30% of total revenue during the year[171]. Shareholder Information - As of March 31, 2023, the total equity held by Mr. Gao and Mrs. Gao in the company is 369,325,000 shares, representing approximately 72.44% of the issued share capital[181]. - Mr. Gao and Mrs. Gao each hold 500,000 stock options, totaling 1,000,000 options, which is approximately 0.196% of the issued share capital[183]. - The company has a stock option plan that allows for the issuance of up to 10% of the shares in circulation at the time of listing, which equates to a maximum of 50,000,000 shares[186]. - The stock options can be exercised at any time within a period determined by the board, not exceeding 10 years from the grant date[187]. - A total of 31,000,000 stock options were granted to employees and a consultant on September 27, 2021, allowing for the purchase of an equivalent number of shares[188]. - The company granted a total of 27,100,000 stock options, with 8,700,000 options exercised during the year, leaving a balance of 18,400,000 options available[191]. - Major shareholder Gao Xuan Group holds 356,715,000 shares, representing approximately 69.96% of the issued share capital[193]. - The investment cap remains unchanged at HKD 45 million, with total investments valued at HKD 2,200,000 as of March 31, 2023[198].

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 部分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。 Travel Expert (Asia) Enterprises Limited 專 業 旅 運（ 亞 洲 ）企 業 有 限 公 司 （於開曼群島註冊成立的有限公司） 1235 （股份代號： ） 截至二零二三年三月三十一日止年度 全年業績公告 財務摘要 • 186.8 48.5 本年度客戶銷售所得款項總額為 百萬港元，較去年的 百萬港元增加 285.2% 。 • 40.3 10.3 291.3% 本年度收益為 百萬港元，較去年的 百萬港元增加 。 • 2.2 17.9 本公司擁有人應佔本年度虧損為 百萬港元（二零二二年： 百萬港元）。 • 0.4 3.5 本公司擁有人應佔本年度每股虧損為 港仙（二零二二年： 港仙）。 • 董事會決議不建議就截至二零二三年三月三十一日止年度派付末期股息（二 零二二年：無）。 ...

Financial Performance - Total customer sales revenue reached HKD 48.5 million, an increase of 99.6% compared to HKD 24.3 million in the same period last year[12] - Total revenue for the period was HKD 9.0 million, up 130.8% from HKD 3.9 million year-on-year[12] - Loss attributable to the company's owners decreased by 44.4% to HKD 4.0 million from HKD 7.2 million in the previous year[8] - Basic loss per share improved to HKD 0.8 cents from HKD 1.4 cents year-on-year[12] - Total comprehensive loss for the period was HKD 4,031,000, compared to HKD 7,158,000 in the same period last year[61] - The company reported a loss of approximately HKD 3,983,000 for the six months ended September 30, 2022, compared to a loss of HKD 7,163,000 for the same period in 2021[70] - The company’s total comprehensive income for the period was a loss of HKD 4,030,000, compared to a loss of HKD 7,157,000 in the previous year[68] Revenue and Sales - The total revenue for the six months ended September 30, 2022, was HKD 16,275,000, representing a significant increase of 124.0% compared to HKD 7,247,000 for the same period in 2021[78] - Revenue from services related to travel and wedding products amounted to HKD 6,914,000, up 110.0% from HKD 3,287,000 in the previous year[78] - The total sales proceeds from customers for travel and wedding-related services reached HKD 46,407,000, a 96.0% increase from HKD 23,700,000 in the prior year[80] - The group reported external customer revenue of HKD 8,988,000 for the six months ended September 30, 2022, compared to HKD 3,864,000 for the same period in 2021, representing a 133% increase[90] Cost and Expenses - Sales and distribution costs rose by 17.3% to HKD 6.1 million compared to HKD 5.2 million in the same period last year, reflecting increased demand for travel products as many countries relaxed travel restrictions[19] - Administrative expenses increased by 38.8% to HKD 11.1 million from HKD 8.0 million, mainly due to a foreign exchange loss of HKD 2.6 million attributed to the depreciation of the Renminbi[20] - Employee costs, including director remuneration, rose to HKD 8,919,000 for the six months ended September 30, 2022, up from HKD 7,237,000 in the previous year, marking a 23% increase[93] - The group reported other corporate expenses of HKD (1,171,000) for the six months ended September 30, 2022, compared to HKD (677,000) in the previous year, indicating a 73% increase in corporate expenses[90] Cash Flow and Financial Position - The group recorded an operating cash inflow of approximately HKD 1.3 million, a significant improvement from a cash outflow of HKD 7.2 million in the previous year[23] - Operating cash flow for the six months ended September 30, 2022, was HKD 1,294,000, a significant improvement from the cash used of HKD 7,157,000 in the previous year[68] - The company experienced a net cash outflow of HKD 10,398,000 during the six months ended September 30, 2022, compared to a net cash inflow of HKD 13,883,000 in the same period of the previous year[68] - Cash and cash equivalents at the end of the period were HKD 55,798,000, down from HKD 65,438,000 at the end of the previous year[68] Assets and Liabilities - As of September 30, 2022, the group's net asset value was HKD 57.7 million, down from HKD 61.2 million as of March 31, 2022[23] - Current liabilities increased to HKD 31,948,000 from HKD 24,787,000, indicating a rise in short-term obligations[65] - The company's net asset value decreased to HKD 57,662,000 from HKD 61,158,000, reflecting a decline in equity[65] - The group’s reported segment liabilities increased to HKD 34,371,000 as of September 30, 2022, compared to HKD 28,759,000 as of March 31, 2022, reflecting a 20% increase[90] Strategic Initiatives - The company plans to enhance its products and services as well as its online trading platform to strengthen market position[10] - New travel products, such as staycation packages and local day tours, have been launched to meet market demand[8] - The company is actively seeking new store locations in strategic areas and plans to hire more staff for future growth[10] - The company has resumed overseas travel tours, with a Germany tour organized on October 8, 2022, after a two-year suspension[10] Shareholder Information - The board of directors holds approximately 72.44% of the issued share capital, with Mr. Ko and Mrs. Ko collectively owning 369,325,000 shares[38] - Major shareholder Gao Xuan holds 356,715,000 shares, representing approximately 69.96% of the issued share capital[53] - Zhu Hongjun and Zhu Taiyu each hold 28,900,000 shares, representing approximately 5.67% of the issued share capital[53] Corporate Governance - The company has complied with all corporate governance codes as per the listing rules during the reporting period[34] - The company has adopted the going concern basis in preparing its financial statements despite the uncertainties related to the pandemic[73] Employee and Management - The company has implemented a stock option plan to reward employees, which was adopted on September 6, 2011, and terminated on September 29, 2021[29] - Total remuneration for directors and key management personnel for the six months ended September 30, 2022, was HKD 625,000, an increase from HKD 322,000 in the previous year[121]