Financial Performance - For the six months ended September 30, 2024, the company reported revenue of approximately HKD 362.1 million, an increase of about 24.6% compared to HKD 290.7 million for the same period in 2023[13] - Gross profit for the same period was approximately HKD 70.7 million, reflecting a growth of about 3.3% from HKD 68.5 million in the previous year[13] - The loss attributable to owners of the company decreased significantly to approximately HKD 1.2 million, a reduction of about 81.9% compared to a loss of HKD 6.6 million in the prior year[13] - After adjusting for fair value changes, the company recorded an adjusted profit of approximately HKD 9.7 million, compared to an adjusted loss of HKD 6.3 million in the previous year[13] - The company’s pre-tax profit for the period was approximately HKD 1.4 million, compared to a pre-tax loss of HKD 5.1 million in the same period last year[16] - Total comprehensive loss for the period was approximately HKD 1.0 million, significantly improved from a loss of HKD 6.4 million in the prior year[16] - Basic and diluted loss per share was HKD 0.12, compared to HKD 0.65 in the same period last year[16] Dividends and Equity - The company did not recommend the distribution of dividends for the six months ended September 30, 2024, consistent with the previous year[14] - The total equity attributable to owners of the company as of September 30, 2024, was HKD 160,738 thousand, down from HKD 164,296 thousand, a decrease of about 2.9%[22] Cash Flow and Assets - The net cash generated from operating activities for the six months ended September 30, 2024, was HKD 35,818 thousand, significantly up from HKD 9,398 thousand in the same period last year, marking an increase of approximately 281.5%[30] - As of September 30, 2024, total assets decreased to HKD 484,321 thousand from HKD 585,171 thousand as of March 31, 2024, representing a decline of approximately 17.2%[19] - Cash and cash equivalents at the end of the period were HKD 47,456 thousand, down from HKD 55,867 thousand, a decrease of about 15.5%[30] - The company reported a net cash outflow from financing activities of HKD 43,159 thousand, compared to an outflow of HKD 37,158 thousand in the previous year, indicating a worsening of cash flow by approximately 16.4%[30] Operational Efficiency - The company’s financial position shows a significant improvement in operational efficiency and cost management strategies[13] - The company’s inventory decreased significantly to HKD 14,059 thousand from HKD 31,989 thousand, a reduction of approximately 56.1%[19] - The company’s bank borrowings decreased to HKD 18,113 thousand from HKD 53,805 thousand, a reduction of about 66.4%[19] - The company’s employee costs decreased to HKD 43,858 from HKD 51,679 year-over-year, indicating cost management efforts[67] - Distribution and selling expenses decreased by approximately 8.7% from HKD 22.3 million to HKD 20.4 million due to lower marketing staff costs[126] - Administrative and other expenses were significantly reduced by approximately 26.1% from HKD 49.4 million to HKD 36.5 million, mainly due to decreased administrative staff costs and strict cost control measures[127] Revenue Segmentation - Revenue from cybersecurity products was HKD 153,498,000, slightly down from HKD 153,820,000 in the previous year, indicating a decrease of about 0.2%[46] - Revenue from cybersecurity services reached HKD 208,603,000, up from HKD 136,799,000, marking a significant increase of approximately 52.4%[46] - The digital asset financial services segment reported no revenue for the current period, compared to HKD 40,000 in the previous year[46] - The overall segment performance showed a profit of HKD 59,356,000, with cybersecurity services contributing HKD 51,534,000 to this figure[51] Future Outlook - Future outlook includes a focus on expanding market presence and enhancing product offerings to drive revenue growth[13] - The company is focusing on expanding its cybersecurity services, which have shown strong growth in revenue and profitability[51] - The financial services segment is under review for potential restructuring to enhance performance and revenue generation[51] - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[51] - The company remains optimistic about the overall business outlook, particularly in the ASEAN region, despite short-term market uncertainties[118] Share Incentive Plans - The company has adopted a share incentive plan to attract and retain qualified personnel for its ongoing development and growth[159] - The total number of shares that may be issued under the share incentive plan is capped at 10% of the total issued shares as of the revision date, amounting to 101,225,700 shares[160] - No shares were awarded, distributed, issued, or vested under the share incentive plan during the first half of the fiscal year 2025[165] - The general authorization granted by shareholders allows for the issuance of up to 202,347,600 shares, representing 20% of the total issued shares at the time of the resolution[166] - The share incentive plan has a remaining term of approximately six years, effective from September 1, 2020[165] Employee and Management Information - The company had 121 employees as of September 30, 2024, a decrease from 133 employees a year earlier[156] - The company aims to incentivize Mr. Liao to continue leading the group’s growth through the granting of options[187] - Major shareholder Cheng Cuiying holds 575,500,000 shares, representing 57.31% ownership[200] - Major shareholder Cheng Ce holds 570,000,000 shares, representing 56.76% ownership[200] - Major shareholder Lian Hui holds 570,000,000 shares, representing 56.76% ownership[200]

Financial Performance - Revenue for the fiscal year 2023/24 reached HKD 625,372,000, an increase of 8.3% compared to HKD 577,494,000 in 2022/23[6] - Gross profit for the same period was HKD 136,994,000, slightly down from HKD 137,304,000, resulting in a gross margin of 21.9%[6] - The company reported a profit before tax of HKD 30,970,000, a significant recovery from a loss of HKD 24,508,000 in the previous year[6] - Net profit attributable to shareholders was HKD 29,713,000, compared to a loss of HKD 27,478,000 in 2022/23, marking a turnaround[6] - Total assets increased to HKD 907,483,000 from HKD 648,730,000, reflecting a growth of 39.9% year-on-year[6] - Cash and cash equivalents at year-end decreased to HKD 55,867,000 from HKD 67,190,000, a decline of 16.5%[7] - Revenue increased from approximately HKD 577.5 million in FY2023 to approximately HKD 625.4 million in FY2024, representing an increase of about 8.3%[27] - Gross profit decreased slightly from approximately HKD 137.3 million in FY2023 to approximately HKD 137.0 million in FY2024, with a gross margin decline from 23.8% to 21.9%[28] - Other income included a fair value gain of approximately HKD 32.3 million in FY2024, compared to a loss of approximately HKD 29.5 million in FY2023, primarily due to non-listed investments[30] - Distribution and selling expenses increased by approximately 13.6% from about HKD 36.1 million in FY2023 to about HKD 41.0 million in FY2024[31] - Financing costs rose by approximately 38.3% from about HKD 3.4 million in FY2023 to about HKD 4.6 million in FY2024[34] - Tax expenses decreased by approximately 55.1% from about HKD 4.6 million in FY2023 to about HKD 2.1 million in FY2024[35] - The company recorded a profit attributable to owners of approximately HKD 29.7 million in FY2024, compared to a loss of approximately HKD 27.5 million in FY2023[36] - Net cash generated from operating activities decreased by approximately 40.2% from about HKD 23.1 million in FY2023 to about HKD 13.8 million in FY2024[37] - The company's cash and cash equivalents were approximately HKD 55.9 million as of March 31, 2024, down from HKD 67.2 million as of March 31, 2023[40] Strategic Initiatives - The company plans to expand its market presence and invest in new product development to drive future growth[6] - Ongoing investments in technology and potential acquisitions are part of the strategic initiatives to enhance competitive advantage[6] - The company is focusing on strengthening its cybersecurity products and services as a primary strategic objective[13] - The company aims to diversify its revenue sources in the long term by actively managing and identifying suitable investment opportunities[16] - The company is expanding its distribution partnerships with leading Chinese suppliers to enhance its product offerings[13] - The company launched new cybersecurity services, including grShield and grKey, to enhance its service offerings without requiring significant initial capital investment[21] Corporate Governance - The board emphasizes the importance of sound corporate governance practices to protect and enhance shareholder interests[81] - The company has established a culture that promotes creativity and innovation in cybersecurity and fintech solutions[82] - The board retains decision-making authority over significant matters, including policies, strategies, budgets, and major transactions[85] - The company has a robust mechanism to support a strong independent board, ensuring independent judgment on key issues[88] - The company has a comprehensive approach to corporate governance, including regular reviews of compliance with legal and regulatory requirements[87] - The board is responsible for overseeing the implementation of corporate governance policies and practices[86] - The company has a commitment to transparency and collective accountability in its operations[85] - The board consists of three executive directors, one non-executive director, and three independent non-executive directors, ensuring a balanced composition for effective independent judgment[93] - The board conducted a self-assessment led by the remuneration committee to evaluate its performance and effectiveness, resulting in a plan for improvement actions[90] - The company has established a nomination committee to recommend candidates for board vacancies and corporate governance policies[99] - The board will propose the re-election of all retiring directors at the upcoming annual general meeting[99] - The board of directors will hold at least four regular meetings in the next year to review and approve financial statements and overall strategies[108] - The attendance record for board meetings shows that all executive directors attended 100% of the meetings held[108] Risk Management - The risk management framework includes a risk management organization structure comprising the board, audit committee, and risk management team, which meets at least annually to assess significant risks[148] - Apex Risk Management Limited was appointed to conduct an independent review of the internal control system for the fiscal year 2024, with findings reported to the audit committee and board[149] - The company has adopted a risk management policy to identify, assess, and manage significant risks, with a focus on maintaining effective internal controls[151] - The board has established a clear governance structure and reporting mechanisms to manage risks associated with achieving strategic objectives[148] - The company has implemented a whistleblowing policy to allow employees and stakeholders to report potential misconduct confidentially[149] - The board believes that the risk management and internal control systems are effective and sufficient to address the changing external environment[149] Shareholder Communication - The group emphasizes fair disclosure and comprehensive reporting of its performance and activities to enhance investor relations[155] - The annual general meeting for 2024 will be held on or before September 30, 2024, with details published on the Hong Kong Stock Exchange and the company's website[155] - The board has adopted an insider information disclosure policy since 2017 to ensure compliance with listing rules and securities regulations[154] - The group will implement measures to maintain confidentiality of insider information until an announcement is made[154] - The board is satisfied with the implementation and effectiveness of the shareholder communication policy during the fiscal year 2024[165] - The group provides various communication channels for shareholders to enhance engagement and feedback[164] Workforce and Diversity - The company has 128 employees as of March 31, 2024, down from 134 employees the previous year, with employee costs of approximately HKD 93.4 million[55] - The company is committed to reviewing and evaluating the appropriate level of gender diversity on the board, with no numerical targets set currently[130] - As of March 31, 2024, the workforce composition is approximately 64.8% male and 35.2% female, indicating a focus on gender diversity in the workforce[131] - The board currently consists of six male directors and one female director, with efforts to identify and appoint suitable female candidates[128] - The company aims to enhance board diversity by considering various factors, including gender, age, cultural background, and professional experience[130] - The nomination committee will review the composition of the board annually and monitor the implementation of the board diversity policy[132] Investment and Acquisitions - The company completed the sale of its subsidiary, Lion Global Asset Management, to free up capital for internal use and new investment opportunities[14] - The fair value gain from the strategic investment in Hong Kong Digital Asset Ex Limited (HKbitEX) was approximately HKD 32.4 million for fiscal year 2024[23] - The company aims to sell its shares in Tykhe Capital Group Limited to maximize returns for shareholders in the foreseeable future[48] - The investment in Tykhe originally represented about 6% of the issued shares, which has since been diluted to approximately 5.82%[48] - The total investment in HKbitEX's holding company amounts to HKD 13.073 million, with a fair value loss of HKD 1.373 million during the year[48] Board and Management - The company has appointed a new Chief Operating Officer starting April 2024, enhancing its operational leadership[78] - The company secretary is responsible for maintaining the records of board meetings and ensuring they are available for review by directors at any time[109] - The company has adopted share incentive and stock option plans to motivate eligible employees, with details provided in the financial statements[192] - The company has no management or administrative contracts related to any significant part of its business for the fiscal year 2024[194] - No significant transactions or arrangements involving directors or related parties were reported for the fiscal year 2024[195] - The company’s major shareholders include 廖先生 and 羅先生, each holding 56.76% of the ordinary shares through controlled corporations[197] - The total number of issued ordinary shares as of March 31, 2024, was 1,004,217,000[198] - As of March 31, 2024, no directors or key executives of the company hold any shares or related securities that require disclosure under the Securities and Futures Ordinance[200]

Financial Performance - For the fiscal year ending March 31, 2024, the company reported revenue of approximately HKD 625.4 million, an increase of about 8.3% compared to HKD 577.5 million in the previous fiscal year[3]. - The gross profit for the fiscal year 2024 was approximately HKD 137.0 million, a slight decrease of about 0.2% from HKD 137.3 million in fiscal year 2023[3]. - The company recorded a profit attributable to owners of approximately HKD 29.7 million for fiscal year 2024, a significant turnaround from a loss of HKD 27.5 million in fiscal year 2023[3]. - The company's revenue for the fiscal year 2024 reached approximately HKD 625.4 million, representing a year-on-year growth of about 8.3%[37]. - The group’s total revenue for the year was HKD 625,372,000, an increase from HKD 577,494,000 in the previous year, representing an 8.5% growth[18]. - The company reported a basic earnings per share of HKD 2.94 for fiscal year 2024, compared to a loss per share of HKD 2.72 in the previous year[5]. - The company reported a pre-tax profit of HKD 30,970,000 for the year ended March 31, 2024, compared to a pre-tax loss of HKD 24,508,000 in the previous year[21]. - Other income for the year ended March 31, 2024, was HKD 885,000, a decrease from HKD 1,042,000 in 2023[21]. - The basic and diluted earnings per share for the year ended March 31, 2024, was HKD 29,713,000, compared to a loss of HKD 27,478,000 in 2023[27]. - The company incurred total employee costs of HKD 93,404,000 for 2024, slightly up from HKD 93,219,000 in 2023[25]. - The financing costs for the year ended March 31, 2024, were HKD 4,639,000, compared to HKD 3,354,000 in 2023, reflecting an increase of approximately 38.2%[21]. - The company’s tax expense for the year ended March 31, 2024, was HKD 2,075,000, down from HKD 4,623,000 in 2023[22]. - The company recorded a net loss from foreign exchange of HKD 7,000 for 2024, an improvement from a loss of HKD 445,000 in 2023[22]. - The impairment loss on receivables was HKD 1,351,000 for 2024, significantly higher than HKD 100,000 in 2023[25]. - Net cash generated from operating activities decreased by approximately HKD 9.3 million to approximately HKD 13.8 million in fiscal year 2024, a decline of about 40.2%[57]. Assets and Liabilities - Total assets as of March 31, 2024, amounted to HKD 585.2 million, compared to HKD 374.1 million in the previous year, indicating a growth of approximately 56.5%[6]. - The company's net current assets increased to HKD 86.8 million in fiscal year 2024, up from HKD 24.8 million in fiscal year 2023[6]. - The total equity attributable to owners of the company increased to HKD 161.8 million in fiscal year 2024, compared to HKD 133.9 million in fiscal year 2023[7]. - Trade receivables increased to HKD 219.6 million in 2024 from HKD 139.8 million in 2023, with a net amount of HKD 217.9 million after credit loss provisions[31]. - The total amount of trade and other receivables, prepayments, and deposits rose to HKD 618.7 million in 2024, up from HKD 378.2 million in 2023[31]. - Trade payables increased to HKD 147.1 million in 2024 from HKD 83.0 million in 2023, reflecting a significant rise in operational liabilities[32]. - The company has reclassified its investment in Tykhe as a current asset, anticipating a sale within the next 12 months[29]. - The company did not recommend any dividend payments to ordinary shareholders for the fiscal years ending March 31, 2023, and March 31, 2024[35]. - The company repurchased 8,040,000 shares at a total cost of approximately HKD 3.1 million, which have been cancelled[36]. - The company’s investment in a non-listed fund was fully divested by March 31, 2024[30]. - The group had no significant contingent liabilities as of March 31, 2024, consistent with the previous year[72]. - The group has not engaged in any hedging activities during the fiscal year 2024[73]. Revenue Segments - Revenue from cybersecurity products decreased to HKD 277,419,000 from HKD 328,214,000, a decline of 15.4%[18]. - Revenue from cybersecurity services increased significantly to HKD 318,021,000 from HKD 218,536,000, marking a growth of 45.6%[18]. - The digital asset financial services and investment business generated HKD 74,000 in revenue, a new segment introduced this year[18]. - The group’s revenue from maintenance and support services in cybersecurity increased by 52.3% year-over-year[18]. - The segment performance for digital assets was HKD 37,307,000 for 2024, down from HKD 50,976,000 in 2023, indicating a decrease of about 26.5%[21]. - Network security services accounted for over 50% of the group's revenue in fiscal year 2024, highlighting its role as a major growth driver[38]. Strategic Initiatives - The company plans to continue expanding its distribution network and enhancing its digital asset financial services[9]. - The company is focused on developing new technologies and products to strengthen its market position in network security and digital asset services[9]. - The company completed the sale of a subsidiary with a 60% stake in April 2024, freeing up funds for internal use and new investment opportunities[42]. - The company has partnered with a leading enterprise-grade privileged access management solution provider to expand its network security offerings[39]. - The company launched new network security services, grShield and grKey, to enhance its service offerings without significant initial capital investment[40]. - The management is focused on enhancing competitive advantages and operational flexibility to provide higher value to customers[45]. Compliance and Reporting - The group adopted new and revised Hong Kong Financial Reporting Standards effective from April 1, 2023, which did not have a significant impact on the financial statements[11]. - The group expects that the application of all revised Hong Kong Financial Reporting Standards will not have a significant impact on the consolidated financial statements in the foreseeable future[15]. - The group’s accounting policy disclosures were updated to reflect the revised standards, although no significant impact on the consolidated financial statements was noted[12].

Financial Performance - For the six months ended September 30, 2023, the company reported a net loss attributable to shareholders of approximately HKD 6.6 million, a significant reduction of about 64.1% compared to a net loss of HKD 18.3 million in the same period of the previous year [27]. - Revenue for the period was HKD 290.7 million, a slight decrease from HKD 300.9 million in the prior year, representing a year-over-year decline of approximately 3.8% [33]. - Gross profit for the six months was HKD 68.5 million, compared to HKD 72.4 million in the previous year, indicating a decrease of about 5.3% [33]. - The pre-tax loss for the period was HKD 5.1 million, a significant improvement from a pre-tax loss of HKD 14.9 million in the same period last year [33]. - Basic and diluted loss per share for the period was HKD 0.65, compared to HKD 1.81 in the prior year, reflecting a reduction in loss per share of approximately 64.0% [33]. - The total comprehensive income for the period was a loss of HKD 6,110,000, significantly better than the loss of HKD 18,232,000 reported in the previous year, reflecting a reduction of about 66% [38]. - The company reported a significant increase in contract liabilities, rising to HKD 217.410 million from HKD 176.217 million, suggesting a growth in deferred revenue [61]. - The group recorded a net loss before tax of HKD 5,109,000 for the six months ended September 30, 2023 [85]. - The net loss improved by approximately 64.1% due to the overlapping effect of investment fair value losses recorded in the same period last year [140]. Equity and Liabilities - As of September 30, 2023, the total equity attributable to shareholders was HKD 128,302,000, a decrease from HKD 160,020,000 as of April 1, 2023, representing a decline of approximately 20% [38]. - The total liabilities as of September 30, 2023, were HKD 3,089,000, down from HKD 4,591,000 a year earlier, showing a decrease of approximately 33% [38]. - The company's debt-to-equity ratio as of September 30, 2023, was approximately 61.8%, a decrease from approximately 85.3% as of March 31, 2023 [178]. Cash Flow and Assets - The company's cash flow statement indicates a positive cash flow from operating activities, although specific figures were not disclosed in the summary [39]. - The net cash generated from operating activities for the six months was HKD 9.398 million, a significant improvement from a net cash used of HKD 15.053 million in the previous year [66]. - The company's cash and cash equivalents decreased to HKD 33.637 million from HKD 67.190 million at the beginning of the period, reflecting a net decrease of HKD 33.376 million [66]. - The total non-current assets amounted to HKD 306.384 million, slightly increasing from HKD 274.648 million as of March 31, 2023 [61]. - The company's goodwill remained stable at HKD 3.216 million, indicating no impairment or changes in this asset [61]. Operational Highlights - The company is focused on enhancing its cybersecurity services, which include technical implementation and maintenance support for clients [14]. - Management remains optimistic about future growth opportunities despite the current financial challenges, emphasizing ongoing efforts in market expansion and product development [27]. - The demand for cybersecurity products and services remains strong, with customer orders increasing compared to the same period last year [140]. - The number of emails protected by the grMail email security solution more than doubled compared to the same period last year [141]. - The company launched the grKey solution, a cybersecurity-as-a-service product aimed at protecting core business systems and resources [141]. - The company is focused on expanding its distribution of cybersecurity products and services, as well as digital asset financial services [68]. Employee and Operational Costs - Employee costs for the six months ended September 30, 2023, totaled HKD 51,679,000, compared to HKD 46,972,000 in the previous year [118]. - Distribution and sales expenses increased by approximately HKD 3.0 million or about 16.0% to approximately HKD 22.3 million in the first half of fiscal year 2024 [174]. - Administrative and general operating expenses rose by approximately HKD 7.0 million or about 16.4% to approximately HKD 49.4 million, primarily due to increased depreciation and general operating costs [175]. Future Outlook and Strategy - The company plans to expand its market presence and invest in new product development, although specific details were not provided in the summary [40]. - The company plans to continue focusing on the subscription revenue model and cost-effective solutions to improve internal efficiency and attract talent [194]. - The company remains optimistic about its business prospects despite short-term market challenges, driven by the increasing potential market in the Asia-Pacific region [142]. - The digital asset market has shown signs of recovery, with increasing regulatory clarity and a growing number of technology and service providers [168]. Accounting and Reporting - The company recognized a deferred tax asset related to lease liabilities, applying the relevant accounting standards [6]. - The company continues to adopt new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the interim financial information [5]. - The company has implemented new accounting policies in line with the latest Hong Kong Financial Reporting Standards, which may impact future financial reporting [44]. - The other income and loss net amount decreased from approximately HKD 25.0 million in the first half of 2023 to approximately HKD 0.3 million in the first half of 2024 [145]. Investments and Acquisitions - The company has entered into a non-binding memorandum of understanding to invest in Zhengzhou Shenglianyi Network Technology Co., Ltd. [162]. - The company has no significant investments, acquisitions, or disposals of subsidiaries and associates during the first half of fiscal year 2024 [181].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （股份代號：1410） 截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月 之 未 經 審 核 中 期 業 績 公 告 安領國際控股有限公司（「本公司」，連同其附屬公司合稱「本集團」）董事（「董事」）會 （「董事會」）欣然宣佈本集團截至二零二三年九月三十日止六個月（「二零二四財年上 半年」）之未經審核簡明綜合中期業績。本中期業績公告載有本集團二零二四財年上 半年中期報告全文，乃符合香港聯合交易所有限公司（「聯交所」）證券上市規則有關 中期業績初步公告隨附資料之相關規定。 本公司二零二四財年上半年之中期報告將於適當時候寄發予本公司股東，並上載 至聯交所網站www.hkexnews.hk及本公司網站www.edvanceintl.com。 承董事會命 安領國際控股有限公司 主席、行政總裁兼執行董事 廖銳霆 ...

Financial Performance - Revenue for the fiscal year 2022/23 was HKD 577,494,000, representing an increase of 9.3% compared to HKD 525,383,000 in 2021/22[6] - Gross profit for the same period was HKD 137,304,000, up from HKD 128,407,000, indicating a growth of 5.7%[6] - The company reported a loss before tax of HKD 24,508,000, a significant decline from a profit of HKD 24,136,000 in the previous year[6] - The net loss attributable to the owners of the company was HKD 27,478,000, compared to a profit of HKD 22,789,000 in 2021/22[6] - Total revenue for the fiscal year 2023 reached approximately HKD 577.5 million, marking a new high for the company[21] - Revenue increased by approximately HKD 52.1 million or about 9.9% to approximately HKD 577.5 million for the fiscal year ended March 31, 2023, compared to approximately HKD 525.4 million for the previous fiscal year[27] - Gross profit rose by approximately HKD 8.9 million or about 6.9% to approximately HKD 137.3 million, with a slight decrease in gross margin from about 24.4% to approximately 23.8%[28] Assets and Liabilities - Non-current assets increased to HKD 274,648,000 from HKD 261,297,000, reflecting a growth of 5.2%[7] - Current assets rose to HKD 374,082,000, up from HKD 279,046,000, marking a substantial increase of 34.0%[7] - Cash and cash equivalents at year-end were HKD 67,190,000, an increase from HKD 49,126,000, representing a growth of 36.8%[10] - The company’s total assets increased to HKD 411,730,000 from HKD 540,000, indicating a decrease in total assets due to losses[7] - The current ratio remained stable at 1.1, consistent with the previous year[13] Strategic Focus and Development - The company plans to focus on market expansion and new product development in the upcoming fiscal year[6] - The company is actively seeking regional expansion to distribute products to other Southeast Asian markets[17] - The company plans to significantly increase its research and development budget to develop technologies that meet the needs of enterprise customers[16] - The company is focusing on building a strong partner ecosystem for its various business lines and optimizing business processes through technology[19] - The company has introduced a new cybersecurity awareness assessment and training service, grAssessment, which has been positively adopted by enterprises and has become a significant revenue source[22] - The company anticipates continued strong demand for cybersecurity products and services, despite geopolitical and economic uncertainties[19] Governance and Management - The company has a strong management team with over 30 years of financial and management experience, contributing to its strategic direction and business development[75] - The management team includes members with diverse backgrounds in technology, finance, and law, enhancing the company's strategic capabilities[68] - The board of directors includes experienced professionals from various industries, contributing to a well-rounded governance structure[66] - The company is committed to maintaining high standards of corporate governance and compliance through its audit and remuneration committees[68] - The board believes that effective corporate governance is crucial for the development of the group and the protection of shareholder interests[85] Risk Management - The company has established a risk management framework involving the board, audit committee, and risk management team to identify, assess, and manage significant risks[153] - The board conducted an annual review of the effectiveness of the risk management and internal control systems, ensuring they are adequate for the changing business environment[156] - The board established a risk management policy to identify, assess, and manage operational risks[156] Shareholder Communication - The company continues to engage with shareholders and investors through timely and transparent communication, ensuring effective interaction as a listed entity[172] - Shareholders have the right to submit inquiries to the board at any time in writing[165] - The company has established multiple channels for ongoing communication with shareholders and investors[168] Employee and Director Information - The company had 134 employees as of March 31, 2023, with employee costs amounting to approximately HKD 93.2 million for the fiscal year 2023[55] - The board currently comprises 8 male directors and 1 female director, with ongoing efforts to enhance gender diversity through training and career opportunities for female employees[132] - The company has appointed a female director in March 2020 to improve gender diversity on the board, with a commitment to gradually balance gender representation[135] Audit and Compliance - The audit committee, consisting of three independent non-executive directors, held three meetings during the fiscal year 2023, ensuring compliance with applicable accounting standards and listing rules[121] - The audit committee reviewed the group's annual and interim performance, confirming that the preparation of consolidated financial statements complies with applicable accounting standards[121] - The company has established four board committees: audit committee, remuneration committee, nomination committee, and investment committee, each with clear written terms of reference[118] Dividend Policy - The company did not recommend a final dividend for the fiscal year 2023 due to market uncertainties and the importance of maintaining sufficient liquidity for long-term development[38] - The company adopted a dividend policy on January 9, 2019, allowing the board to declare and distribute dividends, subject to shareholder approval, considering financial status, cash flow, and other relevant factors[142]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （股份代號：1410） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 年 度 之 全 年 業 績 公 告 財務摘要 安領國際控股有限公司（「本公司」）連同其附屬公司（「本集團」）於截至二零二三年 三月三十一日止年度（「二零二三年財政年度」）錄得收益及毛利分別為約577.5百 萬港元及約137.3百萬港元，與截至二零二二年三月三十一日止年度（「二零二二 年財政年度」）的收益及毛利分別約525.4百萬港元及約128.4百萬港元相比，分別 增加約9.9%及約6.9%。 於二零二三年財政年度，本公司錄得本公司擁有人應佔除稅後虧損淨值約27.5百 萬港元（二零二二年財政年度：本公司擁有人應佔除稅後溢利（「溢利」）約22.8百萬 港元）。 僅供說明之用，剔除二零二三年財政年度及二零二二年財政年度的(i)按公平值 計入損益之金融資產公平值變動的影響及(ii)無形資產、物業及 ...

Financial Performance - For the six months ended September 30, 2022, the company reported revenue of approximately HKD 300.9 million, an increase of about 25.5% compared to HKD 239.7 million for the same period in 2021[11]. - Gross profit for the same period was approximately HKD 72.4 million, representing a growth of about 17.0% from HKD 61.9 million in the previous year[11]. - The company recorded a net loss attributable to owners of approximately HKD 18.3 million for the first half of the fiscal year 2023, compared to a net profit of HKD 98.9 million in the same period of fiscal year 2022[11]. - Excluding the impact of fair value changes in financial assets, the company achieved a net profit of approximately HKD 7.1 million for the first half of fiscal year 2023, compared to a net loss of HKD 1.3 million in the previous year[11]. - The total comprehensive loss for the period was approximately HKD 18.7 million, compared to a total comprehensive income of HKD 98.4 million in the same period last year[14]. - Basic and diluted loss per share for the first half of fiscal year 2023 was HKD (1.81), compared to earnings per share of HKD 9.84 in the previous year[14]. - The company reported a pre-tax loss of HKD 14,918,000 for the six months ended September 30, 2022, compared to a profit of HKD 101,933,000 in the previous year[56][67]. - The net loss attributable to shareholders for the six months ended September 30, 2022, was HKD 18,270,000, a significant decrease from a profit of HKD 98,913,000 in the same period last year[77]. Cash Flow and Liquidity - For the six months ended September 30, 2022, the net cash used in operating activities was HKD (15,053) thousand, a significant decrease compared to HKD 717 thousand in the previous year[26]. - The net cash used in investing activities was HKD (903) thousand, a decrease from HKD (44,941) thousand in the previous year, reflecting improved cash management[26]. - The net cash used in financing activities was HKD (2,207) thousand, a reduction from HKD 19,990 thousand in the previous year, showing a decrease in financing outflows[26]. - The cash and cash equivalents at the end of the period were HKD 30,497 thousand, down from HKD 48,817 thousand, reflecting a decrease in liquidity[26]. - The impact of exchange rate changes on cash and cash equivalents was HKD (466) thousand, compared to HKD (332) thousand in the previous year, highlighting currency volatility effects[26]. - As of September 30, 2022, the company's cash and cash equivalents were approximately HKD 30.5 million, down from HKD 49.1 million as of March 31, 2022[122]. Assets and Liabilities - As of September 30, 2022, total non-current assets amounted to HKD 237,738,000, a decrease of 9% from HKD 261,297,000 as of March 31, 2022[17]. - Current assets increased to HKD 322,286,000, up by 15.5% from HKD 279,046,000 as of March 31, 2022[17]. - Total liabilities increased to HKD 285,778,000, up from HKD 250,655,000, reflecting a rise of 14%[17]. - Net assets decreased to HKD 36,508,000 from HKD 28,391,000, indicating a growth of 28.5%[17]. - The company's total equity as of September 30, 2022, was HKD 146,252,000, down from HKD 164,611,000, a decline of 11.1%[19]. - Cash and cash equivalents decreased to HKD 30,497,000 from HKD 49,126,000, a decline of 37.9%[17]. - The company's total borrowings stood at HKD 39,793,000, an increase from HKD 37,021,000, representing a rise of 7.5%[17]. - The debt-to-equity ratio as of September 30, 2022, was approximately 47.4%, an increase from 43.4% as of March 31, 2022, indicating a rise in financial leverage[123]. Revenue Segments - Revenue from the cybersecurity products business was HKD 178,430 thousand, up from HKD 132,940 thousand, indicating a growth of 34.3%[40]. - The revenue from cybersecurity services was HKD 122,428 thousand, compared to HKD 106,804 thousand in the previous year, marking a growth of 14.6%[40]. - Revenue from the Hong Kong market was HKD 277,247,000, up from HKD 216,424,000 year-on-year, indicating a growth of 28%[62]. - The company achieved a record mid-term revenue exceeding HKD 300 million for the first half of the fiscal year, representing an annual growth of over 25% compared to the same period last year[103]. - The company's revenue increased by approximately HKD 61.2 million or 25.5% to HKD 300.9 million in the first half of the 2023 fiscal year, driven by strong demand for cybersecurity products and services[113]. Operational Efficiency and Strategy - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[11]. - The company plans to focus on expanding its cybersecurity and financial services segments to drive future growth[62]. - The company is expanding its cybersecurity product range to include "Sky Alliance," a leading digital risk protection solution provider, to meet emerging local demand for mainland cybersecurity products[104]. - The company is investing in partnerships with global and regional cybersecurity providers to offer solutions that generate quick returns on investment and reduce total ownership costs[109]. - The company anticipates that the demand for cybersecurity will remain strong and is transitioning to a subscription-based revenue model to enhance customer retention[109]. - The company has seen strong demand despite challenging macroeconomic conditions, indicating a favorable overall competitive environment[103]. Shareholder and Governance Matters - The company did not recommend the distribution of dividends for the first half of fiscal year 2023, consistent with the previous year[12]. - The company did not pay any dividends during the current period, compared to HKD (10,049) thousand in the previous year, indicating a shift in capital allocation strategy[26]. - The company has maintained sufficient public float during the first half of the 2023 fiscal year[183]. - The audit committee consists of three independent non-executive directors who reviewed the group's accounting principles and financial reporting matters[180]. - The company has adhered to corporate governance practices as outlined in the corporate governance code, except for a deviation regarding the roles of the chairman and CEO[186]. - The controlling shareholders confirmed they are not engaged in any competing business activities[179]. Employee and Stock Options - The total employee costs for the period were HKD 46,972,000, slightly down from HKD 48,251,000 in the previous year[67]. - Employee costs for the first half of the fiscal year 2023 were approximately HKD 47.0 million, compared to HKD 48.3 million for the same period in fiscal year 2022[143]. - The company had 130 employees as of September 30, 2022, a slight decrease from 133 employees a year earlier[143]. - The company adopted a share incentive plan on September 1, 2020, aimed at providing ownership opportunities and incentives to employees[146]. - The company has a stock option plan approved on March 23, 2017, allowing eligible participants to purchase shares as an incentive for their contributions[148]. - The total number of stock options exercised or canceled during the reporting period was 2,604,000, leaving 17,248,000 options unexercised[154]. - The company has granted stock options to directors and employees, with a total of 14,424,000 options held by employees as of September 30, 2022[154]. Leadership and Management - The board believes that the expansion into new businesses and diversification is crucial for the group's development[187]. - The board has appointed Mr. Lau Yui Ting as the best candidate to oversee and lead the group's broader business perspective beyond its core cybersecurity product distribution and services[187]. - The arrangement of Mr. Lau serving as both Chairman and CEO is expected to enhance the overall business planning and decision-making efficiency of the group[190]. - The board is confident that Mr. Lau's extensive experience and knowledge will strengthen the group's consistent leadership[190].

Financial Performance - Revenue for the fiscal year ended March 31, 2022, was HKD 525,383,000, representing an increase of 27.9% compared to HKD 410,505,000 in the previous year[13] - Gross profit for the same period was HKD 128,407,000, slightly up from HKD 124,013,000, indicating a gross margin of 24.4%[13] - Profit attributable to owners of the company was HKD 22,789,000, down 34.4% from HKD 34,739,000 in the previous year[13] - The company reported a net cash inflow from operating activities of HKD 19,951,000, a decrease from HKD 34,924,000 in the previous year[20] - Total assets increased to HKD 440,343,000 from HKD 384,871,000, reflecting a growth of 14.4%[16] - The company's current ratio decreased to 1.1 from 1.5, indicating a tighter liquidity position[20] - The debt-to-equity ratio rose to 43.4%, up from 28.1% in the previous year, suggesting increased leverage[20] - The company's cash and cash equivalents were approximately HKD 49.1 million as of the end of fiscal year 2022, down from HKD 73.4 million in the previous year[65] - The company's debt-to-asset ratio increased to approximately 43.4% in fiscal year 2022 from 28.1% in the previous year[65] - The company's net cash generated from operating activities decreased by approximately HKD 15.0 million or 42.9% to HKD 20.0 million in the fiscal year 2022, attributed to a decline in operating profit[61] Business Strategy and Development - The company plans to focus on market expansion and new product development in the upcoming fiscal year[1] - The company is exploring potential mergers and acquisitions to enhance its market position[1] - The company plans to enhance research and development spending in the next fiscal year to strengthen subscription-based service offerings[33] - The company aims to expand its service offerings to a broader customer base through additional security-as-a-service products[33] - The company plans to acquire technology service provider Magic Shield Information Security Technology Limited and IT security solution provider Silverstone Network Limited to enhance its competitive advantage[42] - The company aims to increase market share and enhance competitiveness in its cloud email security platform, grMail, through the recent acquisitions[83] - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the H industry[107] - Market expansion efforts are underway, with plans to enter F new markets by the end of the fiscal year, targeting a G% market share in these regions[107] Cybersecurity Business - The core cybersecurity business revenue increased by approximately 28% compared to the fiscal year ending March 31, 2021[32] - The company’s email security solution doubled the number of protected mailboxes and secured contracts with several well-known multinational corporations[42] - The company maintains a strong gross margin due to the value of its cybersecurity service offerings, which are critical for customer investment protection[40] - The company’s cybersecurity services business has shown resilience despite challenges posed by COVID-19, with strong demand from enterprise and government sectors[40] - The company's revenue increased by approximately HKD 114.9 million or 28.0% from HKD 410.5 million in the fiscal year 2021 to HKD 525.4 million in the fiscal year 2022, primarily driven by strong demand for cybersecurity products and services[50] Expenses and Costs - Distribution and selling expenses increased by approximately HKD 11.4 million or 41.0% to HKD 39.0 million in the fiscal year 2022, mainly due to increased employee costs associated with business expansion[56] - Administrative and other expenses rose by approximately HKD 28.5 million or 53.4% to HKD 81.9 million, driven by increased administrative staff costs and legal and professional fees[57] - The company's financing costs increased by approximately HKD 0.6 million or 45.9% to HKD 2.0 million, primarily due to increased bank borrowings[58] - Employee costs for the fiscal year 2022 were approximately HKD 97.8 million, compared to HKD 69.0 million for fiscal year 2021, representing a year-over-year increase of about 41.5%[88] Corporate Governance - The board of directors emphasizes the importance of sound corporate governance practices to enhance shareholder value and ensure transparency in operations[131] - The company has established a comprehensive internal compliance system to monitor adherence to legal and regulatory requirements[135] - The board is composed of both executive and non-executive directors, ensuring a balanced governance structure[137] - The company has implemented a robust training and professional development program for its directors and senior management[136] - The company has established a nomination committee to recommend candidates for board vacancies and corporate governance policies[146] - The board consists of 4 executive directors, 1 non-executive director, and 4 independent non-executive directors, ensuring a balance of skills and experience[139] - The company has established a board diversity policy, currently comprising 8 male directors and 1 female director, aiming to enhance gender diversity by identifying suitable female candidates for senior positions[186] Future Outlook - The company provided guidance for the next fiscal year, projecting revenue growth of A% and an expected EBITDA margin of B%[107] - New product launches are anticipated to contribute an additional C million in revenue, with a focus on expanding the product line in the D sector[107] - The company is investing in new technology development, allocating E million towards R&D initiatives aimed at enhancing operational efficiency[107] - A new partnership has been established with I company to enhance distribution channels, expected to increase sales by J% over the next year[107] - The management team emphasized a commitment to sustainability, aiming to reduce carbon emissions by K% by 2025 through various initiatives[107] Board Meetings and Committees - The board meets at least four times a year to review financial statements, operational performance, and overall strategy[155] - The audit committee, consisting of three independent non-executive directors, held two meetings during the fiscal year to review financial statements and internal controls[168] - The audit committee's responsibilities include reviewing financial reporting processes and ensuring effective internal control systems are in place[169] - The company has established four board committees to oversee specific areas, ensuring clear governance and accountability[165] - The nomination committee will meet at least once a year to discuss board appointments and ensure adherence to the selection standards[190] Employee Development and Diversity - The group conducts annual performance reviews to determine bonus levels, salary adjustments, and promotions for employees[88] - The company has committed to training and providing career opportunities for senior female employees to prepare them for leadership roles, aiming for gender equality on the board[187] - The nomination committee has reviewed the current structure and composition of the board to ensure a balance of professional knowledge, skills, and experience[175] - The company encourages directors to attend relevant training courses, with costs covered by the company[154]

Financial Performance - For the six months ended September 30, 2021, the company recorded revenue of approximately HKD 239.7 million, an increase of about 19.6% compared to HKD 200.5 million for the same period in 2020[12] - Gross profit for the same period was approximately HKD 61.9 million, representing a growth of about 9.9% from HKD 56.3 million in the previous year[12] - The net profit attributable to owners of the company surged to approximately HKD 98.9 million, a significant increase of about 560.4% compared to HKD 15.0 million in the prior year[12] - Total comprehensive income for the period amounted to approximately HKD 98.4 million, compared to HKD 15.1 million in the same period last year[16] - Basic and diluted earnings per share increased to HKD 9.84, compared to HKD 1.49 for the same period in 2020[16] - The group reported total revenue of HKD 239,744 thousand for the six months ended September 30, 2021, representing an increase of 19.5% compared to HKD 200,498 thousand for the same period in 2020[44] - The group achieved a profit before tax of HKD 101,933 thousand for the six months ended September 30, 2021, compared to HKD 18,973 thousand for the same period in 2020[53] - For the six months ended September 30, 2021, the company's profit before tax was approximately HKD 98,913,000, a significant increase from HKD 14,978,000 in the same period of 2020, representing a growth of 560%[73] Dividends and Shareholder Returns - The company did not recommend the distribution of dividends for the six months ended September 30, 2021, consistent with the previous year[13] - The company declared a final dividend of HKD 0.01 per share for the year ended March 31, 2021, totaling approximately HKD 10,049,000, slightly higher than the HKD 10,015,000 for the previous year[74] - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2021, compared to no interim dividend declared for the same period in 2020[75] Assets and Liabilities - Non-current assets as of September 30, 2021, totaled approximately HKD 301.7 million, up from HKD 144.7 million as of March 31, 2021[19] - Current assets increased to approximately HKD 253.5 million from HKD 240.2 million in the previous period[19] - Current liabilities rose to approximately HKD 210.6 million, compared to HKD 162.1 million as of March 31, 2021[19] - The company's non-current liabilities rose to HKD 109,518,000 from HKD 78,570,000, indicating an increase of 39.4%[22] - The company's total equity increased to HKD 235,063,000, up from HKD 144,176,000 as of March 31, 2021, representing a growth of 63.2%[22] - The total trade and other receivables, prepayments, and deposits amounted to HKD 250,967,000 as of September 30, 2021, compared to HKD 190,295,000 as of March 31, 2021, marking an increase of 31.9%[80] Cash Flow and Financing - The net cash generated from operating activities for the six months ended September 30, 2021, was HKD 717,000, a significant decrease from HKD 37,115,000 in the same period last year[29] - Cash and cash equivalents decreased to HKD 48,817,000 at the end of the period, down from HKD 89,282,000 a year earlier, reflecting a decline of 45.5%[29] - The company raised bank loans amounting to HKD 35,273,000 during the reporting period, compared to no loans raised in the previous year[29] - The company secured new bank loans totaling HKD 12,895,000 for property acquisition and HKD 22,378,000 for invoice financing, reflecting a strategic move to enhance cash flow management[91][92] - The total bank borrowings as of September 30, 2021, amounted to HKD 56,013,000, a significant increase from HKD 22,202,000 as of March 31, 2021[91] Inventory and Costs - The company reported a significant increase in inventory, which rose to HKD 12.0 million from HKD 4.8 million in the previous period[19] - Employee costs totaled HKD 48,251,000 for the six months ended September 30, 2021, compared to HKD 33,413,000 in the previous year, reflecting a year-on-year increase of 44.3%[7] - The company reported a total inventory cost of HKD 106,302,000 for the six months ended September 30, 2021, up from HKD 80,031,000 in the same period of 2020, indicating a rise of 32.8%[7] - Distribution and selling expenses increased by approximately HKD 6.9 million or about 50.3% to approximately HKD 20.6 million, mainly due to employee cost increases from expansion[115] - Administrative and other expenses rose by approximately HKD 18.8 million or about 81.2% to approximately HKD 42.0 million, driven by increased personnel costs and legal and professional fees[116] Market and Product Development - The company reported a strong demand for cybersecurity products and services, with a focus on government and enterprise sectors, indicating a robust market outlook[102] - The launch of the Green Radar Email Threat Index (GRETI) in August 2021 aims to enhance email security monitoring, targeting both SMEs and large enterprises[103] - The company plans to optimize service models for existing and new clients, with a new service expected to launch in November 2021[102] - The company is optimistic about the regulatory approval for its digital asset management business and plans to launch a virtual asset fund in the second half of the 2022 fiscal year[109] - The company has successfully completed internal trials for its new generation security virtual document platform, DocuRoom, and will continue to improve the platform as it gains traction[108] Shareholder and Governance - As of September 30, 2021, the total number of shares held by major shareholders included 570,000,000 shares held by Cheng Tsai Ying, representing 56.72% of the total issued shares[155] - Major shareholders hold 77.5% and 22.5% of the company, respectively, representing significant control over 570,000,000 shares[165] - The audit committee consists of three independent non-executive directors, ensuring compliance with accounting principles and internal controls[179] - The company has adhered to corporate governance practices as outlined in the corporate governance code, with one exception regarding the separation of roles between the Chairman and CEO[183] - The company has established a non-competition agreement with major shareholders to prevent conflicts with its business operations[176]