Financial Performance - The company reported a consolidated profit of HK$XX million for FY2021, representing a YY% increase compared to FY2020[73]. - The Group's revenue increased by 22.9%, from approximately HK$434.6 million in FY2020 to approximately HK$534.3 million in FY2021[23]. - For FY2021, the Group recorded revenue of approximately HK$534.3 million, representing an increase of 22.9% compared to FY2020's revenue of approximately HK$434.6 million[45]. - Profit attributable to owners of the Company increased by approximately HK$22.6 million or 59.5%, from approximately HK$38.0 million in FY2020 to approximately HK$60.6 million in FY2021[62]. - Basic earnings per share attributable to owners of the Company was approximately HK4.32 cents for FY2021, compared to approximately HK3.17 cents for FY2020[25]. - Gross profit for FY2021 was approximately HK$71.9 million, a decrease of approximately HK$7.3 million or 9.2% from approximately HK$79.2 million in FY2020[24]. - The gross profit margin fell from approximately 18.2% in FY2020 to approximately 13.5% in FY2021[49]. - Other income increased by approximately HK$21.2 million or 70.7 times, from approximately HK$0.3 million in FY2020 to approximately HK$21.5 million in FY2021, mainly due to the receipt of anti-epidemic funds[52]. - Administrative and other operating expenses rose from approximately HK$12.3 million in FY2020 to approximately HK$17.3 million in FY2021, representing an increase of approximately 40.7%[53]. User Growth and Market Expansion - User data showed a growth of ZZ% in active users year-over-year, reaching a total of AA million users by the end of FY2021[73]. - Market expansion efforts have led to a YY% increase in market share in the Asia-Pacific region[73]. - The company is exploring potential acquisitions to enhance its service offerings and market presence[73]. Revenue Guidance and Projections - The company provided a revenue guidance of HK$BB million for FY2022, indicating a projected growth of CC%[73]. - New product launches contributed to a revenue increase of DD% in the last quarter of FY2021[73]. Research and Development - The company is investing HK$EE million in R&D for new technologies aimed at enhancing operational efficiency[73]. Cost Management and Efficiency - The company has implemented cost-cutting measures that are expected to save HK$FF million annually[73]. - The Board will consider employing Building Information Modelling to enhance construction efficiency and reduce costs[27]. Strategic Initiatives - A new strategic partnership was established with a leading technology firm to co-develop innovative solutions[73]. - The Group plans to diversify its construction projects and client base to minimize market risk amid intensifying competition in the formwork subcontracting market[26]. Corporate Governance - The company has adopted sound corporate governance principles emphasizing a quality Board, effective internal control, stringent disclosure practices, and accountability to all stakeholders[195]. - The Board currently comprises four executive Directors, one non-executive Director, and four independent non-executive Directors, committed to increasing Shareholders' value[198]. - The company has fully complied with the CG Code since the Listing Date up to March 31, 2021[196]. - The company has a commitment to maintaining high standards of corporate governance to safeguard the interests of shareholders and stakeholders[195]. Workforce and Manpower - As of March 31, 2021, the Group employed 1,161 employees and continues to enhance workforce capabilities through regular training[111]. - The Group will strengthen its manpower and capabilities to cope with business development and maximize profits[40]. Financial Position and Assets - As of 31 March 2021, the Group had net current assets of approximately HK$286.2 million, up from HK$157.3 million in 2020[64]. - The Group's total equity attributable to owners amounted to approximately HK$331.4 million as of 31 March 2021, an increase from HK$163.7 million in 2020[65]. - The gearing ratio as of 31 March 2021 was approximately 12.7%, compared to 9.2% in 2020[73]. - The debt-to-equity ratio was approximately 12.7%, an increase from 9.2% in 2020[80]. COVID-19 Impact - The Group continues to monitor the impact of the COVID-19 pandemic on its operations and financial performance[88][89]. - Increased construction costs may arise due to labor shortages and wage increases related to COVID-19[87][93]. Use of Proceeds - The Group plans to utilize HK$ 49.3 million (60.8%) of net proceeds to enhance its financial position for securing additional large-scale formwork projects by March 31, 2022[109]. - HK$ 17.5 million (21.6%) of net proceeds is allocated to increase the stock of metal scaffold equipment and related parts, with no specific timeline for utilization[109]. - The Group intends to strengthen manpower with an allocation of HK$ 7.3 million (9.0%) to cope with business development by March 31, 2022[109]. - Total planned use of net proceeds amounts to HK$ 81.1 million, with HK$ 64.8 million utilized and HK$ 16.3 million remaining unutilized as of March 31, 2021[109]. Management and Leadership - The Group's executive directors have extensive experience in the construction and scaffolding industry, contributing to strategic oversight and operational management[116][119]. - Mr. Ng has over 50 years of experience in the banking and finance industry in Hong Kong, with his last position being a deputy general manager at Nanyang Commercial Bank[147]. - Mr. Lam has over 16 years of experience in the banking sector and has been a non-executive director of Bank of China International Limited since July 2002[154]. - Mr. Chu has over 29 years of experience in professional auditing, consulting, corporate accounting, and financial management, having held senior positions at various firms including PricewaterhouseCoopers[162].

Contracts and Projects - The Group secured nine new contracts with a total original contract value of approximately HK$526.3 million, representing an increase of approximately 110.5% compared to HK$250.0 million in the same period last year[22]. - As of 30 September 2020, the Group has a total of 19 projects on hand with an estimated total outstanding contract value of approximately HK$687.8 million, an increase of approximately 81.8% from HK$378.4 million as of 31 March 2020[22]. Financial Performance - For the six months ended 30 September 2020, the Group recorded revenue of approximately HK$229.4 million, representing an increase of 98.4% compared to approximately HK$115.6 million for the same period in 2019[27]. - The increase in revenue was mainly due to projects TMB-70, TMB-75, TMB-87, TMB-90, and TMB-100, contributing approximately HK$115.8 million[28]. - Gross profit increased by approximately HK$20.2 million or 125.6%, from approximately HK$16.0 million for the six months ended 30 September 2019 to approximately HK$36.2 million for the same period in 2020[30]. - The Group's gross profit margin slightly increased from approximately 13.9% to approximately 15.8%[31]. - Profit attributable to owners of the Company increased by approximately HK$18.0 million or nine times, from approximately HK$2.0 million to approximately HK$20.0 million[44]. - The profit for the period was HK$19,974,000, compared to HK$2,026,000 for the same period last year, showing a substantial growth of 884.5%[124]. Assets and Liabilities - As at 30 September 2020, the Group had net current assets of approximately HK$285.5 million, up from HK$157.3 million as of 31 March 2020[46]. - Total equity attributable to owners of the Company amounted to approximately HK$290.8 million, an increase from HK$163.7 million as of 31 March 2020[47]. - The Group's total interest-bearing borrowings and lease liabilities amounted to approximately HK$11.7 million, down from HK$16.7 million as of 31 March 2020[47]. - The gearing ratio as of 30 September 2020 was approximately 3.3%, a decrease from 9.3% as of 31 March 2020[56]. - Trade receivables of construction works amounted to HK$134.17 million as of September 30, 2020, down from HK$143.99 million as of March 31, 2020, reflecting a decrease of approximately 6.0%[181]. Operational Developments - The Group aims to diversify and broaden its revenue sources by exploring new business opportunities and maximizing profits for shareholders[23]. - The Group plans to enhance its financial position to secure additional large-scale formwork projects and expand its capability in system formwork works services[23]. - The Group intends to increase its stock of metal scaffold equipment and related parts to support business development[23]. - The Group operates primarily in one business segment, providing formwork works services in Hong Kong[62]. Employee and Administrative Costs - The total staff cost for the six months ended 30 September 2020 amounted to approximately HK$144.7 million, compared to HK$84.6 million for the same period in 2019[73]. - Administrative and other operating expenses increased from approximately HK$3.6 million to approximately HK$6.1 million, representing an increase of approximately 67.3%[36]. Cash Flow and Financing - For the six months ended September 30, 2020, cash generated from operations was HK$20,466,000, a significant increase from HK$944,000 in the same period of 2019[127]. - The company reported a net cash inflow from financing activities of HK$20,887,000, up from HK$861,000 in the prior year[127]. - The company raised gross proceeds of HK$140,000,000 from the issuance of 400,000,000 new ordinary shares at HK$0.35 each on September 29, 2020[127]. Shareholder Information - As of September 30, 2020, Mr. Leung Yam Cheung holds 1,200,000,000 shares, representing approximately 75% of the issued share capital[104]. - The weighted average number of ordinary shares in issue for the six months ended September 30, 2020, was 1,202,186,000, slightly up from 1,200,000,000 in 2019[174]. Compliance and Governance - The company has complied with the Corporate Governance Code since its listing[89]. - The Audit Committee has reviewed the unaudited condensed consolidated financial statements for the period[98]. Taxation and Expenses - The Group recognized a total income tax expense of HK$5,069,000 for the six months ended September 30, 2020, up from HK$2,077,000 in 2019, reflecting an increase of approximately 144%[167]. - The company incurred listing expenses of HK$5,679,000 during the reporting period, down from HK$8,495,000 in the previous year[116]. Future Outlook - The Group is confident that its business will continue to operate in a stable manner moving forward[23]. - The expected timeline for utilizing the unutilized proceeds includes HK$49.3 million for enhancing financial position by March 31, 2022, and HK$17.5 million for increasing metal scaffold equipment stock by March 31, 2021[82].