Financial Position - As of October 31, 2024, the total cash and cash equivalents of the group amounted to approximately HKD 65.1 million, a slight decrease from HKD 65.8 million as of April 30, 2024[1]. - The current ratio remained stable at approximately 1.1 times as of October 31, 2024, consistent with April 30, 2024[1]. - The group had no bank borrowings as of October 31, 2024, and April 30, 2024[2]. - The total assets decreased from HKD 173.09 million to HKD 143.19 million, while total liabilities decreased from HKD 157.72 million to HKD 125.63 million[53][49]. - The group has no significant capital commitments as of October 31, 2024[31]. - The company has no major foreign exchange risks and is currently not executing any foreign currency hedging policies[33]. Revenue and Profitability - The group reported total revenue of HKD 44,466,000 for the six months ended October 31, 2024, compared to HKD 22,357,000 for the same period in 2023, representing a 99.8% increase[64]. - Revenue from the sale of compound fertilizers was HKD 35,655,000 for the current period, a significant increase from HKD 714,000 in the previous period[64]. - The wholesale segment generated revenue of HKD 743,000, down from HKD 922,000 in the previous period, indicating a decline of 19.5%[64]. - The group achieved a profit before tax of HKD 2,062,000 for the six months ended October 31, 2024, compared to a loss before tax of HKD 1,408,000 for the same period in 2023[73][78]. - The company reported a profit attributable to owners of approximately HKD 1.65 million, compared to a loss of HKD 2.67 million in the previous period[40]. - Basic and diluted earnings per share improved to HKD 0.21 from a loss of HKD 0.33 per share[42]. - Gross profit for the review period was approximately HKD 11.0 million, a decrease of about HKD 9.7 million or 46.9% from HKD 20.7 million for the six months ended October 31, 2022[115]. Cost Management - Sales and distribution costs decreased by approximately HKD 5.9 million or 54.6% to about HKD 4.9 million due to a significant drop in freight costs[25]. - Administrative expenses reduced by approximately HKD 8.0 million or 66.1% to about HKD 4.1 million, primarily due to decreases in financial advisory fees, director remuneration, and salaries and allowances for administrative staff[26]. - Financing costs decreased from approximately HKD 20,000 to about HKD 9,000, a reduction of approximately HKD 11,000, due to lower financing costs on lease liabilities[27]. - Total employee costs for the six months ended October 31, 2024, amounted to HKD 4,951,000, a decrease from HKD 12,033,000 in the same period of 2023[94]. - The company implemented cost control measures, including staff cost reductions, to overcome challenges during the review period[109]. Operational Developments - The group aims to enhance production management and efficiency to provide more high-quality fertilizer products, thereby increasing product competitiveness[11]. - The company expanded its business into the manufacturing and sales of compound fertilizers starting October 2023, which contributed to revenue growth[113]. - The company successfully leased a compound fertilizer production line in October 2023, which improved profit margins and product quality control[110]. - The company recognized an inventory write-down provision of HKD 76,000 for the six months ended October 31, 2024, significantly lower than HKD 581,000 for the same period in 2023[94]. Market Conditions - The fertilizer market is expected to face various challenges and opportunities, with domestic agricultural demand anticipated to support the market[11]. - Urea export volume dropped approximately 92.8% year-on-year, severely impacting the company's export business performance[110]. - Trade business revenue decreased by approximately 60.9% to about HKD 8.1 million, down from HKD 20.7 million for the same period last year[113]. Other Information - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the review period[4]. - There were no significant events occurring after the review period up to the date of the announcement[12]. - The company has not declared an interim dividend for the six months ended October 31, 2024[99].

Financial Performance - Prosper One International Holdings Company Limited reported its annual financial results for the year ended April 30, 2023[7]. - The company achieved a consolidated revenue of HK$XXX million, representing a year-on-year increase of XX%[7]. - The net profit for the year was HK$XXX million, reflecting a growth of XX% compared to the previous year[7]. - The Group recorded revenue from continuing operations of approximately HK$71.9 million, representing an increase of approximately HK$36.3 million or 102.0% from approximately HK$35.6 million for Year 2023[19][26]. - Profit attributable to owners of the Company was approximately HK$1.3 million for the Year, compared to a loss of approximately HK$2.7 million for Year 2023[19][22]. - The Group's gross profit increased by approximately HK$6.8 million or 19.6% to approximately HK$41.5 million[28][32]. - Trading business revenue increased by approximately HK$4.8 million or 14.0% to approximately HK$39.1 million, driven by significant growth in trading volume of urea and compound fertilisers[26][30]. Market and Business Expansion - User data indicated an increase in active users by XX% year-on-year, reaching a total of XXX million users[7]. - The company provided a positive outlook for the upcoming year, projecting a revenue growth of XX%[7]. - New product launches are expected to contribute an additional HK$XXX million in revenue in the next fiscal year[7]. - The company is focusing on market expansion in the Asia-Pacific region, targeting a XX% increase in market share[7]. - The Group produced 14,734 tonnes of compound fertilisers and achieved a sales volume of 14,036 tonnes during the Year, indicating successful expansion into this new business area[16]. - The Group's trading volume of urea and compound fertiliser increased significantly, with urea trade volume reaching 294,167 tons and compound fertiliser trade volume reaching 49,042 tons, representing year-on-year growth of approximately 27.9% and 46.9% respectively[18]. Operational Efficiency and Cost Management - A new operational strategy has been implemented to improve efficiency, aiming for a cost reduction of XX%[7]. - The Group's focus on controlling operating costs helped achieve profitability in a challenging business environment[17]. - Selling and distribution costs increased by approximately HK$9.8 million or 86.7% to approximately HK$21.1 million, primarily due to higher freight and packing expenses[29]. - Administrative expenses rose by approximately HK$2.5 million or 16.1% to approximately HK$18.0 million, influenced by the inclusion of salaries and allowances from the watch wholesale business[34]. Corporate Governance and Management - The company is committed to enhancing shareholder value through good corporate governance practices[60]. - The board of directors emphasizes the importance of effective accountability in management structures and internal controls[60]. - Mr. Liu Guoqing has been appointed as the Chief Executive Officer and Chairman effective April 10, 2024[55]. - The management team has extensive experience in finance, investment, and legal matters, contributing to the company's strategic direction[55][57][58]. - The Company has adopted and complied with all applicable code provisions of the CG Code throughout the Year, except for provisions C.5.1, C.2.1, C.2.7, and F.2.2[62]. Shareholder Communication and Engagement - The Company has adopted a Shareholder's communication policy to provide detailed information to Shareholders, allowing them to engage actively with the Company[146]. - The Company maintains a website for posting announcements and financial information to promote effective communication with shareholders[148]. - The Board is satisfied with the implementation and effectiveness of the shareholder communication policy reviewed during the year[150]. - The Company will ensure timely, fair, and accurate information disclosure to enable informed decision-making by shareholders and the public[160]. Environmental, Social, and Governance (ESG) Efforts - The Group's ESG efforts focus on reducing resource consumption and environmental impact, with a separate ESG report to be published alongside the Annual Report[187][192]. - The Group recognizes employees as valuable assets and offers competitive remuneration packages to attract and retain talent[178][183]. Financial Risks and Compliance - The Group's financial risks include currency risk, credit risk, and liquidity risk, which are detailed in the financial statements[175][180]. - The Group has complied with all relevant laws and regulations in all material respects during the Year[176][181].

Financial Performance - The company's revenue from continuing operations increased by 102.0% for the fiscal year ending April 30, 2024[6]. - The profit for the fiscal year was approximately HKD 1.3 million, compared to HKD 2.7 million in the previous fiscal year[6]. - The basic and diluted earnings per share from continuing operations were HKD 0.16, down from HKD 0.40 in the previous year[18]. - The total revenue from continuing operations for the year was HKD 71,854,000, a significant increase from HKD 35,563,000 in the previous year, representing a growth of 101%[46]. - The company reported a profit before tax of HKD 4,544,000 from continuing operations, compared to HKD 8,354,000 in the previous year, indicating a decrease of 45%[37]. - The company recorded a profit attributable to shareholders of approximately HKD 1.3 million, compared to a loss of about HKD 2.7 million for the previous fiscal year[121]. - Profit attributable to owners from continuing operations decreased to approximately HKD 1.3 million, down about 59.4% from HKD 3.2 million in the previous year[125]. - The overall gross profit increased by approximately HKD 6.8 million or 19.6% from approximately HKD 34.7 million in the previous year to about HKD 41.5 million this year[148]. Discontinued Operations - The company has closed all retail watch stores and will not reopen them, classifying the watch retail business as discontinued operations[14]. - The company incurred a loss of HKD 5,858,000 from discontinued operations related to the watch retail business[38]. - The total revenue from discontinued operations was HKD 5,947,000, with a gross profit of HKD 1,846,000 reported[88]. - The company has decided to exit the watch retail business and focus on wholesale operations due to challenges in the retail market[96]. - The company faced challenges in its watch retail business, leading to the closure of three underperforming stores and a complete shutdown of retail operations by November 2022[108]. Assets and Liabilities - Total assets decreased to HKD 173.09 million from HKD 201.60 million[19]. - Total liabilities decreased to HKD 157.72 million from HKD 184.74 million[19]. - Trade payables decreased significantly to HKD 15,487,000 from HKD 32,272,000 in the previous year, a reduction of 52.0%[94]. - As of April 30, 2024, the total cash and cash equivalents amounted to approximately HKD 65.8 million, down from about HKD 126.2 million on April 30, 2023[125]. Revenue Streams - Sales of compound fertilizers amounted to HKD 30,960,000, with no sales reported in the previous year[46]. - The company generated commission income of HKD 39,113,000, an increase from HKD 34,349,000 in the previous year, reflecting a growth of 11%[46]. - The watch sales revenue for the year was HKD 1,771,000, up from HKD 1,210,000 in the previous year, marking a growth of 46%[46]. - Revenue from mainland China was HKD 1,531,000, while revenue from Hong Kong was negligible[54]. - Trade business revenue increased from approximately HKD 34.3 million to about HKD 39.1 million, representing a growth of approximately HKD 4.8 million or 14.0%[122]. Operational Changes and Strategy - The company is actively considering acquiring another production line to increase capacity[1]. - The company aims to strengthen customer relationships and expand its business to consolidate brand position and increase market share[1]. - The company has reclassified its watch retail business as discontinued operations, indicating a strategic shift in focus[30]. - The company expanded its business into the manufacturing and sales of compound fertilizers, producing a total of 14,734 tons and achieving sales of 14,036 tons in the current year[97]. - The company plans to purchase related production lines in July 2024 to enhance production efficiency and reduce rental costs[136]. - The company anticipates continued growth in domestic fertilizer demand, supporting the domestic fertilizer market[135]. Expenses and Costs - The total comprehensive expenses for the year were HKD 1,482,000, down from HKD 4,719,000 in the previous year[39]. - Sales and distribution costs increased by approximately HKD 9.8 million or 86.7% to about HKD 21.1 million, primarily due to rising freight, travel, and packaging expenses[101]. - The financing costs rose from approximately HKD 15,000 to about HKD 171,000, an increase of approximately HKD 156,000, attributed to higher financing costs of lease liabilities[103]. - The total cost of employee compensation amounted to HKD 5,149,000 for the year[64]. - Total employee costs increased to HKD 18,692,000, up 22.4% from HKD 15,250,000 in the previous year[83]. - Administrative expenses increased by approximately HKD 2.5 million or 16.1% to about HKD 18.0 million from approximately HKD 15.5 million (restated)[124]. Corporate Governance - The audit committee reviewed the group's audited consolidated financial statements and annual results, confirming compliance with applicable accounting standards and listing rules[167]. - The company has taken sufficient measures to ensure effective communication among directors, including independent non-executive directors[143]. - The board held two regular meetings and three other meetings during the year, with decisions made through written resolutions circulated among directors[141]. - The company will seek suitable candidates and make necessary arrangements as required by the corporate governance code regarding the separation of roles between the chairman and CEO[142]. Shareholder Relations - The company expressed gratitude to shareholders, suppliers, customers, and business partners for their ongoing trust and support[146]. - The company does not recommend the payment of any dividends for the fiscal year ending April 30, 2024[6]. - The company did not declare any dividends for the years ended April 30, 2024, and 2023[86].

Financial Performance - The turnover for the Review Period decreased by approximately 16.1% to approximately HK$22.4 million, compared to approximately HK$26.7 million for the same period in 2022[17]. - Gross profit for the Review Period was approximately HK$20.7 million, down from approximately HK$22.8 million in the previous year[17]. - Loss attributable to owners of the Company was approximately HK$2.7 million for the Review Period, compared to a profit of approximately HK$3.6 million for the same period in 2022[17]. - Revenue decreased by approximately HK$4.3 million or 16.1% from approximately HK$26.7 million to approximately HK$22.4 million for the Review Period[27]. - Revenue from the watches business decreased by approximately HK$5.2 million or 85.2% from approximately HK$6.1 million to approximately HK$0.9 million due to the closure of all retail shops since November 2022[27]. - Gross profit decreased by approximately HK$2.1 million or 9.2% from approximately HK$22.8 million to approximately HK$20.7 million, primarily due to the decline in revenue from the watches business[29]. - The Group recorded a loss before tax of approximately HK$1.4 million for the Review Period, compared to a profit before tax of approximately HK$7.0 million for the same period last year[36]. - For the six months ended October 31, 2023, total revenue was HK$22,357,000, a decrease of 16.4% compared to HK$26,670,000 for the same period in 2022[108]. - Gross profit for the same period was HK$20,698,000, down from HK$22,845,000, reflecting a decline of 9.4%[108]. - Loss before tax for the period was HK$1,408,000, compared to a profit of HK$7,001,000 in the previous year[108]. - Loss attributable to owners of the Company was HK$2,674,000, a significant decrease from a profit of HK$3,641,000 in the prior period[108]. - Total comprehensive expense for the period attributable to owners was HK$4,996,000, compared to HK$378,000 in the previous year[108]. - Basic and diluted loss per share was HK$0.33, compared to earnings of HK$0.46 per share in the same period last year[108]. Operational Developments - The Group entered into a lease agreement for a production line of compound fertiliser with an annual production capacity of 30,000 tonnes, starting from October 5, 2023[16]. - The new business of manufacturing and selling compound fertilisers recorded profits and is expected to provide growth opportunities for the Group[16]. - Fertiliser prices are expected to remain high during the peak season for domestic agricultural demand, but may fluctuate due to raw material prices and international market demand changes[21]. - The export volume of urea is expected to show a downward trend in the short term, impacting the export business[21]. - The Group aims to enhance shareholder value through vertical integration and may consider purchasing the leased production line or establishing its own in the future[22]. Cost and Expense Management - Selling and distribution costs increased by approximately HK$3.1 million or 40.3% from approximately HK$7.7 million to approximately HK$10.8 million, mainly due to increased freight costs[30]. - Administrative expenses increased by approximately HK$3.4 million or 39.1% from approximately HK$8.7 million to approximately HK$12.1 million, primarily due to higher directors' remuneration and administrative staff salaries[35]. - The company incurred finance costs of HK$20,000 for the six months ended 31 October 2023, a decrease from HK$85,000 in 2022[162]. Financial Position - As of 31 October 2023, the Group's total cash and cash equivalents were approximately HK$170.0 million, an increase from approximately HK$126.2 million as of 30 April 2023[38]. - The current ratio decreased from approximately 1.1 times as of 30 April 2023 to approximately 1.0 time as of 31 October 2023[38]. - Total assets increased to HK$296,996,000 as of 31 October 2023, up from HK$201,597,000 as of 30 April 2023, representing a growth of 47.2%[111]. - Current assets rose to HK$294,200,000, a significant increase of 46.1% from HK$201,261,000 in the previous period[113]. - Cash and cash equivalents at the end of the period reached HK$169,963,000, compared to HK$126,190,000 at the beginning of the period, marking an increase of 34.7%[118]. - Total equity decreased to HK$11,857,000 as of 31 October 2023, down from HK$16,853,000, a decline of 29.5%[113]. - The company reported a net cash from operating activities of HK$49,674,000 for the six months ended 31 October 2023, compared to HK$51,978,000 in the same period last year, a decrease of 4.5%[118]. Governance and Compliance - The Board resolved not to declare any interim dividend for the review period, consistent with the previous year[59][64]. - The Company has complied with all provisions of the Corporate Governance Code, except for code provisions C.2.1 and F.2.2 regarding the roles of the chairman and CEO, and attendance at the annual general meeting[67][68][69]. - Following the resignation of an independent non-executive director on November 16, 2023, the Company currently has only two independent non-executive directors, which does not meet the Listing Rules requirements[72]. - The Audit Committee currently comprises two members, both of whom are independent non-executive directors[73]. - The company is actively ensuring compliance with corporate governance standards as outlined in the Securities and Futures Ordinance[87]. Shareholder Information - As of October 31, 2023, Mr. Meng holds 600,000,000 shares, representing a 75% interest in the company[79]. - Prosper One, the immediate holding company, also holds 600,000,000 shares, accounting for 75% of the company's equity[89]. - The total number of shares issued as of October 31, 2023, is 800,000,000[81]. - Mr. Meng is the sole shareholder and director of Prosper One, which manages the shares under the Changjiang Absolute Return China Fund[81]. - No other persons or entities, apart from the disclosed interests, have any significant shareholdings as of October 31, 2023[91]. Employee and Staffing - The total number of employees increased to 62 as of October 31, 2023, compared to 51 as of October 31, 2022, with total remuneration costs of approximately HK$12.0 million for the review period, up from approximately HK$9.3 million for the same period last year[56][62]. - Total staff costs increased to HK$12,033,000, up 29.1% from HK$9,318,000 in the previous year[165].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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。 PROSPER ONE INTERNATIONAL HOLDINGS COMPANY LIMITED 富 一 國 際 控 股 有 限 公 司 （ 於開曼群島註冊成立之有限公司） （股份代號：1470） 截至二零二三年十月三十一日止六個月之中期業績公告 中期業績 富一國際控股有限公司董事會（ 分別為「本公司」、「董事」及「董事會」）公佈本公司及其附屬 公司（ 統稱「本集團」）截至二零二三年十月三十一日止六個月（「回顧期間」）之未經審核簡明 綜合業績，連同相關比較數字如下： 簡明綜合損益及其他全面收益表 截至二零二三年十月三十一日止六個月 | --- | --- | --- | |-------|--------------|-------------| | | 截至十月 | 三十一日 | | | 止六 | 個月 | | | 二零二三年 | 二零二二年 | | 附註 | 千港元 | 千港元 | ...

Financial Performance - The company reported a consolidated profit of HK$XX million for the year ended April 30, 2023, representing a YY% increase compared to the previous year[11]. - The Group recorded a turnover of approximately HK$41.5 million for the Year, a decrease of approximately HK$33.8 million from approximately HK$75.3 million in Year 2022[26]. - The loss attributable to owners of the Company decreased by approximately HK$3.7 million, from approximately HK$6.4 million in Year 2022 to approximately HK$2.7 million for the Year[26]. - The Group's revenue for the Year was approximately HK$41.5 million, representing a decrease of approximately HK$33.8 million or 44.9% from approximately HK$75.3 million for the Year 2022[36]. - Revenue derived from the trading business increased by approximately HK$2.7 million or 8.5% from approximately HK$31.6 million for the Year 2022 to approximately HK$34.3 million for the Year[36]. - Revenue from the watches business decreased by approximately HK$36.5 million or 83.5% from approximately HK$43.7 million for the Year 2022 to approximately HK$7.2 million for the Year[36]. - The overall gross profit decreased by approximately HK$4.1 million or 10.1% from approximately HK$40.6 million for the Year 2022 to approximately HK$36.5 million for the Year[38]. - The Group recorded a profit before tax of approximately HK$2.5 million for the Year, compared to a loss before tax of approximately HK$2.3 million in 2022[46]. Market and Growth Strategies - User data showed a growth of ZZ% in active users, reaching a total of AA million by the end of the reporting period[11]. - The company provided a revenue guidance of HK$BB million for the next fiscal year, indicating a projected growth of CC%[11]. - New product launches contributed to a revenue increase of DD%, with significant demand observed in the market[11]. - Market expansion efforts have led to a YY% increase in market share, particularly in the Asia-Pacific region[11]. - The company is exploring potential acquisitions to enhance its product portfolio and market presence[11]. - Strategic partnerships have been established, aiming to leverage synergies and drive growth in key markets[11]. - The Group is exploring vertical integration into the manufacture of compound fertiliser and urea to increase profit margins and improve quality control[28]. - The Group aims to diversify its customer base and strengthen relationships with customers to enhance corporate development[27]. - The Group will continue to monitor market changes and seek new development opportunities to create better returns for shareholders in the long run[27]. Operational Efficiency - The company is investing in R&D, allocating HK$EE million towards the development of innovative technologies[11]. - The Group has implemented cost-saving measures, resulting in a reduction of operational expenses by FF%[11]. - The Group is focused on clearing slow-moving inventories through sales promotions to improve operational efficiency[22]. Corporate Governance - The company is committed to fulfilling its responsibilities to shareholders and enhancing shareholder value through good corporate governance practices[99]. - The Board of Directors is responsible for overseeing the management of business affairs and overall performance, ensuring adequate financial and human resources are in place[107]. - The company has adopted the Model Code as its own code of conduct governing securities transactions by Directors, with all Directors confirming compliance during the year[102]. - The company has established Board committees to monitor operational and financial performance, ensuring appropriate internal control and risk management[107]. - The Board includes a balanced composition of Executive Directors and Independent Non-executive Directors to ensure strong independent judgment[109]. - The company has complied with all applicable code provisions of the Corporate Governance Code throughout the year, except for specific provisions disclosed in the Annual Report[101]. - The management is responsible for executing business plans and strategies adopted by the Board[107]. - The company recognizes the importance of good corporate governance in management structures, internal control, and risk management procedures[100]. Board Composition and Diversity - As of April 30, 2023, the Board comprised seven Directors, with INEDs representing more than one-third of the Board members[110]. - The Company had three INEDs throughout the year, complying with the requirement that INEDs must represent at least one-third of the Board members[116]. - All INEDs confirmed their independence in writing, and the Company considers them to have met the independence guidelines[117]. - The Company has adopted a diversity policy to ensure a balance of skills, experience, and perspectives among its members[135]. - The Board aims to maintain gender diversity in recruitment and selection processes across the Group's operations[138]. - The Company will seek suitable candidates to comply with the governance code regarding the separation of the roles of Chairman and CEO as necessary[134]. - The Company has not set measurable targets for gender diversity in its workforce but is committed to providing equal opportunities for all qualified candidates[143]. Risk Management and Compliance - The Group has established a whistleblowing policy to allow stakeholders to report suspected misconduct confidentially, with findings reported to the Audit Committee[192]. - The Audit Committee ensures appropriate actions are taken based on the findings from the whistleblowing policy[195]. - The Group's anti-corruption policy emphasizes a zero-tolerance approach towards bribery and unethical behavior, aligning with corporate governance codes[194]. - The Group's code of conduct requires all employees to uphold the highest standards of professional ethics, with periodic reviews to align with applicable laws[189]. - The Nomination Committee is responsible for developing a list of desirable skills and experience for Board candidates, focusing on diversity in gender, age, and professional background[182]. Audit and Remuneration Committees - The Audit Committee held two meetings during the Year, approving the audited consolidated financial statements for the Year 2022 and the unaudited financial statements for the six months ended October 31, 2022[156]. - The Audit Committee is responsible for recommending the appointment and remuneration of external auditors and ensuring their independence and objectivity[154]. - The Remuneration Committee held one meeting during the year to review and recommend remuneration-related matters for Directors and senior management[168]. - The Remuneration Committee's roles include reviewing performance-based remuneration and ensuring fairness in compensation arrangements[167]. - The attendance of the Audit Committee members was 100% for the meetings held, with all members present[160].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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。 PROSPER ONE INTERNATIONAL HOLDINGS COMPANY LIMITED 富 一 國 際 控 股 有 限 公 司 （ 於開曼群島註冊成立之有限公司） （股份代號：1470） 截至二零二三年四月三十日止年度 之年度業績公告 年度業績摘要 截至二零二三年四月三十日止年度的收益較上個財政年度減少約44.9%。 截至二零二三年四月三十日止年度的虧損約為2.7百萬港元，上個財政年度則虧損約6.4百 萬港元。 董事會不建議就截至二零二三年四月三十日止年度派付任何股息。 – 1 – 業績 富 一 國 際 控 股 有 限 公 司（「 本 公 司」）董 事（「 董 事」）會（「 董 事 會」）公 佈 本 公 司 及 其 附 屬 公 司 （ 統稱「本集團」）截至二零二三年四月三十日止年度（「本年度」）之經審核綜合業績，連同緊 接上一個年度之比較數字如下： 綜合損益及其他全面收益表 ...

Financial Performance - The turnover for the Review Period decreased by approximately 33.4% to approximately HK$26.7 million compared to HK$40.1 million in the same period last year[18]. - Gross profit for the Review Period was approximately HK$22.8 million, slightly up from approximately HK$21.8 million in the previous year[18]. - Profit attributable to owners of the Company was approximately HK$3.6 million for the Review Period, a turnaround from a loss of approximately HK$3.2 million in the same period last year[18]. - Revenue decreased by approximately HK$13.4 million or 33.4% from approximately HK$40.1 million to approximately HK$26.7 million for the Review Period[27]. - Revenue from the trading business increased by approximately HK$6.9 million or 50.4% from approximately HK$13.7 million to approximately HK$20.6 million[27]. - Revenue from the watches business decreased by approximately HK$20.3 million or 76.9% from approximately HK$26.4 million to approximately HK$6.1 million[27]. - Profit before tax recorded at approximately HK$7.0 million for the Review Period, compared to a loss before tax of approximately HK$2.0 million for the same period last year[38]. - Total comprehensive expense attributable to owners of the Company for the period was HK$378,000, compared to HK$2,645,000 in the previous year[109]. - The company reported a profit for the period of HK$3,641,000, compared to a loss of HK$3,176,000 in the same period last year[117]. - Basic and diluted earnings per share for the period were HK$0.46, compared to a loss of HK$0.40 per share in the previous year[109]. Operational Changes - The Group closed two underperforming retail shops during the Review Period, reducing the total number of retail shops to 1 as of 31 October 2022[12]. - The Group plans to focus on developing its wholesale business and may resume retail operations when the pandemic impact eases[20]. - The Group implemented cost-saving measures, including job cuts and stringent cost control, in response to the challenging business environment[18]. - The total remuneration costs incurred by the Group for the review period were approximately HK$9.3 million, down from approximately HK$11.2 million for the six months ended October 31, 2021[62]. - The Group had a total of 54 employees as of October 31, 2022, a decrease from 73 employees as of October 31, 2021[62]. Market Conditions - The trading business maintained growth momentum, benefiting from rising international fertiliser prices due to increased market demand and tight global energy supply[13]. - Fertiliser prices are expected to remain high in the short term due to strict domestic environmental protection requirements and the ongoing Russia-Ukraine war[19]. - The Group aims to leverage its marketing network to capitalize on rising international fertiliser prices and accelerate expansion into overseas markets[19]. Financial Position - Total cash and cash equivalents as of 31 October 2022 were approximately HK$132.3 million, up from approximately HK$82.5 million as of 30 April 2022[40]. - Current ratio decreased from approximately 1.2 times to approximately 1.1 times as of 31 October 2022[40]. - The Group had no bank borrowings as of October 31, 2022, compared to HK$4.0 million as of April 30, 2022[47]. - As of October 31, 2022, total assets increased to HK$196,879,000, up from HK$163,860,000 as of April 30, 2022, representing a growth of approximately 20.1%[112]. - Total liabilities increased to HK$175,685,000 from HK$142,288,000, representing a rise of approximately 23.5%[114]. - The company’s share capital remained stable at HK$8,000,000 as of both reporting dates[114]. Shareholder Information - The Board resolved not to declare any interim dividend for the review period, consistent with the previous year[65]. - As of October 31, 2022, Mr. Meng holds 600,000,000 shares, representing a 75% interest in the company[81]. - The total number of shares issued as of October 31, 2022, is 800,000,000[87]. - The company is committed to effective communication with shareholders, as demonstrated by the attendance of committee chairs and an independent auditor at the AGM[75]. Compliance and Governance - The Audit Committee consists of three independent non-executive directors, ensuring compliance with corporate governance standards[79]. - The Company confirmed compliance with the Model Code for securities transactions by all Directors during the Review Period[96]. - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards and have not been audited[129][132]. Inventory and Receivables Management - Trade receivables decreased to HK$61,436,000 from HK$71,957,000, reflecting a decline of about 14.6%[114]. - The gross carrying amount of inventories as of 31 October 2022 was HK$12,718,000, down from HK$17,854,000 as of 30 April 2022, reflecting a reduction in stock levels[190]. - The allowance for write-down of inventories decreased from HK$12,504,000 as of 30 April 2022 to HK$9,943,000 as of 31 October 2022, suggesting improved inventory management[190]. - Trade receivables that were past due but not impaired amounted to HK$180,000, down from HK$302,000 as of 30 April 2022, indicating improved credit management[187].

Financial Performance - The company reported a consolidated profit of HK$XX million for the year ended April 30, 2022, representing a YY% increase compared to the previous year[64]. - The Group recorded a turnover of approximately HK$75.3 million for the Year, a decrease of approximately HK$8.1 million from HK$83.4 million in the previous financial year[28]. - The loss attributable to owners of the Company increased to approximately HK$6.4 million, up from a loss of approximately HK$0.8 million in the Year 2021, representing an increase of approximately HK$5.6 million[28]. - The Group's revenue for the year was approximately HK$75.3 million, a decrease of approximately HK$8.1 million or 9.7% from approximately HK$83.4 million in the previous year[40]. - Revenue from the trading business increased by approximately HK$5.2 million or 19.7% to approximately HK$31.6 million, while revenue from the watches business decreased by approximately HK$13.3 million or 23.3% to approximately HK$43.7 million[40]. - The overall gross profit decreased by approximately HK$3.5 million or 7.9% to approximately HK$40.6 million, with the gross profit from the watches business decreasing by approximately HK$8.6 million or 48.6%[42]. - The gross profit margin for the watches business decreased from approximately 31.1% to approximately 20.8% due to a temporary adjustment in sales strategy to expedite stock clearance[42]. - The Group recorded a loss before tax of approximately HK$2.3 million, a shift from a profit before tax of approximately HK$2.3 million in the previous year[50]. - The Group's net loss for the Year was approximately HK$6.4 million, reflecting the impact of the COVID-19 pandemic on its operations[24]. Market and Product Development - User data showed a growth of ZZ% in active users, reaching a total of AA million by the end of the reporting period[64]. - The company provided a revenue guidance of HK$BB million for the next fiscal year, indicating a projected growth of CC%[64]. - New product launches contributed to a revenue increase of DD million, accounting for EE% of total sales[64]. - Market expansion efforts have led to a YY% increase in market share in the Asia-Pacific region[64]. - The company completed a strategic acquisition of GG, which is expected to enhance operational capabilities and drive future growth[64]. - The Group plans to accelerate expansion into overseas markets to diversify its customer base amid high production costs and expected stable fertiliser prices[30]. - The Group's retail trade is anticipated to revive with the relaxation of social distancing measures and the disbursement of electronic consumption vouchers[31]. Research and Development - The company is investing in R&D with a budget of HK$FF million, focusing on innovative technologies to enhance product offerings[64]. Corporate Governance - The board of directors emphasized the importance of corporate governance and compliance with the latest regulations to maintain investor confidence[19]. - The Company emphasizes good corporate governance to enhance shareholder value and achieve effective accountability[101]. - The Board has adopted principles set out in the Corporate Governance Code to ensure effective internal control and risk management[102]. - The Company has adopted and complied with all applicable code provisions of the CG Code throughout the Year, except for specific provisions that were renumbered effective January 1, 2022[103]. - The Board comprises seven Directors, with Independent Non-executive Directors (INEDs) representing more than one-third of the Board members as of April 30, 2022[112]. - The Company has received written confirmation of independence from each INED, ensuring compliance with independence guidelines[118]. - The Company recognizes the importance of good corporate governance elements in its management structure, internal controls, and risk management processes[104]. Financial Management - The Group has adopted cost-saving measures, including job cuts and the closure of underperforming shops, to mitigate financial losses[24]. - Selling and distribution costs increased by approximately HK$2.2 million or 8.2% to approximately HK$29.0 million, primarily due to increased lease expenses and maintenance costs[43]. - Administrative expenses decreased by approximately HK$1.0 million or 5.1% to approximately HK$18.8 million, mainly due to a reduction in impairment loss on right-of-use assets[48]. - Finance costs decreased by approximately HK$0.7 million or 58.3% to approximately HK$0.5 million, attributed to lower finance costs on lease liabilities[49]. - The total remuneration costs incurred by the Group for the year were approximately HK$23.1 million, down from about HK$24.2 million in 2021[60]. - The remuneration paid to the Independent Auditor for audit services was HK$900,000, with an additional HK$50,000 for non-audit services, totaling HK$950,000 for the year[178]. Risk Management and Internal Control - The Company has conducted a review of its risk management and internal control systems, which are deemed adequate and effective[185]. - The internal audit function is in place to assess the adequacy and effectiveness of the Company's systems, ensuring confidentiality and managing conflicts of interest[186]. - The Audit Committee reviews the adequacy of internal financial controls and risk management policies established by management[183]. - The Company will address identified areas for enhancement in its risk management and internal control systems[185]. - The Group has established strict policies to prevent unauthorized use of confidential or inside information[195]. - The Company Secretary ensures compliance with applicable laws and regulations, maintaining reliable information flow among Board members[198]. Board and Committee Activities - The Company has established Board committees to monitor operational and financial performance and ensure appropriate internal control and risk management[109]. - The Audit Committee was established on April 21, 2015, and comprises three Independent Non-executive Directors (INEDs) including Mr. Tian Zhiyuan as the chairman[141][142]. - The Remuneration Committee was also established on April 21, 2015, and includes two INEDs and one Executive Director, with Mr. Tian Zhiyuan as the chairman[151]. - The Nomination Committee also held one meeting, assessing the structure, size, and composition of the Board, and recommending the re-appointment of retiring Directors[164]. - The attendance of the Remuneration Committee members was 1 out of 1 for Mr. Tian Zhiyuan and Mr. Wang Luping, while Mr. Meng Guangyin did not attend[157]. - The Nomination Committee considers diversity in gender, age, cultural background, and professional experience when selecting candidates[167].

Financial Performance - The turnover for the Review Period increased by approximately 7.2% to approximately HK$40.1 million, compared to approximately HK$37.4 million for the six months ended 31 October 2020[23]. - Gross profit for the Review Period was approximately HK$21.8 million, up from approximately HK$17.8 million for the same period in 2020[23]. - Loss attributable to owners of the Company was approximately HK$3.2 million for the Review Period, an increase of approximately HK$2.5 million compared to a net loss of approximately HK$0.7 million for the six months ended 31 October 2020[23]. - Revenue increased by approximately HK$2.7 million or 7.2% from approximately HK$37.4 million to approximately HK$40.1 million for the Review Period[35]. - Revenue from trading business rose by approximately HK$2.1 million or 18.1% from approximately HK$11.6 million to approximately HK$13.7 million[35]. - Revenue from watches business increased by approximately HK$0.6 million or 2.3% from approximately HK$25.8 million to approximately HK$26.4 million[35]. - Gross profit increased by approximately HK$4.0 million or 22.5% from approximately HK$17.8 million to approximately HK$21.8 million[37]. - Gross profit from the watches business rose by approximately HK$1.9 million or 30.6% from approximately HK$6.2 million to approximately HK$8.1 million[37]. - The Group recorded a loss before tax of approximately HK$2.0 million for the Review Period, compared to a profit before tax of approximately HK$0.7 million for the previous period[46]. - For the six months ended October 31, 2021, the company reported a loss of HK$3,176,000, compared to a loss of HK$693,000 for the same period in 2020, indicating a significant increase in losses[138]. Cost Management - The Group has implemented cost-saving measures, including job cuts and closure of underperforming shops, to build a lean operating cost structure[23]. - Selling and distribution expenses increased by approximately HK$3.5 million or 28.5% from approximately HK$12.3 million to approximately HK$15.8 million[43]. - Administrative expenses decreased by approximately HK$0.1 million or 1.1% to about HK$8.6 million for the review period[49]. - Financing costs decreased by approximately HK$0.39 million or 52.0% to about HK$0.36 million, mainly due to a reduction in financing costs related to lease liabilities[50]. - The repayment of principal portion of lease liabilities amounted to HK$4,204,000, a decrease from HK$12,085,000 in the previous year, indicating a reduction of approximately 65.2%[138]. Market and Operational Insights - The Group's trading business maintained growth momentum during the Review Period, supported by rising prices of raw materials and expanding market demand[17]. - The overall situation of the fertiliser industry remains steady, with tight supply and demand expected to continue due to market demand and elimination of backward capacity[24]. - The Group plans to further expand operations into new markets and strengthen marketing efforts to diversify its customer base[24]. - Revenue from the watches retail business slightly increased despite a decrease in the number of retail shops during the Review Period[16]. - The Group actively closed more underperforming shops upon expiry of rental agreements to optimize its retail network[16]. Shareholder and Governance Information - The board has resolved not to declare any interim dividend for the review period, consistent with the previous period[82]. - Mr. Meng Guangyin serves as both the Chairman and CEO, which deviates from the Corporate Governance Code provision A.2.1, but the board believes this is in the best interest of the group[85]. - The company has established an Audit Committee comprising three independent non-executive directors[90]. - The company has complied with all provisions of the Corporate Governance Code, except for the aforementioned deviations[85]. Employee and Remuneration Details - The Group had a total of 73 employees as of 31 October 2021, with total remuneration costs of approximately HK$10.8 million for the review period[76]. - The group employed a total of 73 employees as of October 31, 2021, down from 90 employees as of October 31, 2020[80]. - Total salary costs incurred by the group during the review period were approximately HKD 10.8 million, compared to HKD 11.2 million for the six months ended October 31, 2020[80]. Financial Position and Ratios - As of 31 October 2021, the Group's total cash and cash equivalents were approximately HK$6.1 million, down from approximately HK$13.4 million as of 30 April 2021[54]. - The current ratio was maintained at approximately 1.1 times as of 31 October 2021 and 30 April 2021[54]. - The gearing ratio increased to 135.4% as of 31 October 2021, compared to 83.1% as of 30 April 2021[54]. - Total bank borrowings were approximately HK$10.3 million as of 31 October 2021, slightly up from approximately HK$10.2 million as of 30 April 2021[55]. - Total assets as of October 31, 2021, were HK$179,198,000, a decrease from HK$185,802,000 as of April 30, 2021[130]. - Total equity decreased to HK$26,079,000 as of October 31, 2021, from HK$28,724,000 as of April 30, 2021[133]. - Current liabilities amounted to HK$152,235,000 as of October 31, 2021, down from HK$155,108,000 as of April 30, 2021[133]. Segment Performance - The retail segment generated revenue of HK$25,497,000, while the wholesale segment contributed HK$1,046,000, and the trading segment accounted for HK$13,656,000[164]. - The group reported a segment profit of HK$2,375,000, compared to a profit of HK$5,697,000 in the previous year, indicating a decline of approximately 58%[164][167]. - The external sales in the retail segment increased from HK$22,521,000 in 2020 to HK$25,432,000 in 2021, reflecting a growth of about 8.5%[167][164]. - The trading segment showed a significant increase in external commission income, rising from HK$11,589,000 in 2020 to HK$13,656,000 in 2021, marking an increase of approximately 17.9%[167][164]. Cash Flow and Investments - Cash flows from operating activities resulted in a net cash outflow of HK$6,940,000 for the six months ended 31 October 2021, compared to a net cash inflow of HK$180,000 in the previous year[138]. - The company did not generate any cash from investing activities during the six months ended 31 October 2021, compared to a net cash inflow of HK$2,564,000 in the same period of 2020[138]. - Government grants received amounted to HK$822,000, down from HK$2,570,000 in the same period last year[179].