港股数字货币概念股走强，众安在线涨11%，移卡盘中涨35%；连连数字此前一度涨近80%，欧科云链 涨超45%。 ...

港股加密货币概念股拉升，连连数字(02598.HK)一度涨近80%，欧科云链(01499.HK)涨超30%，新火科 技控股（01611.HK）涨近9%，此前香港稳定币条例正式成为法例。 ...

Revenue and Profitability - Revenue from continuing operations for the period was approximately HK$195.7 million, an increase from approximately HK$123.5 million for the same period in 2023[10]. - Loss attributable to the owners of the company for the period amounted to approximately HK$3.4 million, down from approximately HK$9.2 million for the same period in 2023[10]. - Basic and diluted loss per share for the period was approximately HK cents 0.06, compared to approximately HK cents 0.17 for the same period in 2023[10]. - Revenue from foundation and building construction works and ancillary services was approximately HK$157.0 million, representing an increase of approximately 74.6% compared to approximately HK$89.9 million for the corresponding period in 2023[15]. - Gross profit for the construction segment was approximately HK$13.7 million, an increase of approximately HK$3.3 million from approximately HK$10.4 million for the same period in 2023[16]. - Gross profit margin for the construction segment was approximately 8.7%, a decrease of 2.9 percentage points from approximately 11.6% for the same period in 2023[16]. - Gross profit from continuing operations amounted to approximately HK$42.2 million, an increase of approximately 23.8% compared to approximately HK$34.1 million for the same period in 2023[49]. - The gross profit margin from continuing operations decreased by 6.0 percentage points to approximately 21.6% due to increased revenues from foundation projects with lower margins[49]. - The total comprehensive loss for the period was HK$3,615,000, significantly reduced from HK$9,673,000 in the same period last year, indicating a positive trend[130]. - The loss for the period attributable to owners of the Company was HK$3,396,000, compared to a loss of HK$9,188,000 in the same period last year, representing a 63.0% improvement[132]. Digital Assets and Trading - Major sources of revenue included digital assets related businesses and technical services in addition to construction works[10]. - Revenue from proprietary trading in digital assets was approximately HK$35.9 million, representing an increase of approximately 16.6% compared to approximately HK$30.8 million for the corresponding period in 2023[29]. - The gross profit from digital assets related businesses amounted to approximately HK$28.4 million, an increase of approximately HK$5.4 million compared to approximately HK$23.0 million for the corresponding period in 2023[38]. - The gross profit margin for digital assets related businesses was approximately 75.2%, an increase of 2.7 percentage points from approximately 72.5% for the corresponding period in 2023[38]. - The market value of the Group's digital assets as of September 30, 2024, was approximately HK$420.1 million, a decrease from approximately HK$1,123.1 million as of March 31, 2024[29]. - Digital assets decreased significantly to HK$420,111,000 from HK$1,123,081,000, reflecting a 62.6% decline[136]. Project and Operational Updates - The group was not awarded any new projects during the period[17]. - As of September 30, 2024, the Group had 5 ongoing projects with a total contract value of approximately HK$640.2 million[21]. - During the period, the Group completed 3 projects with a total contract value of approximately HK$210.8 million[23]. - The increase in revenue was primarily due to the commencement of certain projects with higher contract values during the period[15]. - The Group's revenue from foundation and building construction works was approximately HK$157.0 million, a 74.6% increase compared to the same period last year[85]. Financial Position and Assets - Total assets as of 30 September 2024 amounted to approximately HK$685.1 million, a decrease from approximately HK$1,333.3 million as of 31 March 2024[68]. - The Group's debt ratio was approximately 76.1% as of 30 September 2024, down from approximately 87.4% as of 31 March 2024[68]. - The total assets of the Group's custody clients were approximately HK$71.8 million, an increase of approximately 13.6% compared to approximately HK$63.2 million as of March 31, 2024[35]. - The equity attributable to the owners of the Company was HK$162,212,000, slightly down from HK$165,685,000, a decrease of 2.8%[136]. Cash Flow and Expenses - For the six months ended September 30, 2024, net cash generated from operating activities was HK$92,491,000, a significant increase from HK$10,012,000 in the same period of 2023, representing a growth of 820%[149]. - Net cash used in investing activities decreased to HK$946,000 from HK$9,722,000 year-on-year, indicating a reduction in investment outflows[149]. - Net cash used in financing activities increased to HK$11,129,000 compared to HK$6,764,000 in the previous year, reflecting higher financing costs[149]. - The net increase in cash and cash equivalents for the period was HK$80,416,000, contrasting with a decrease of HK$6,474,000 in the same period last year[149]. - Cash and cash equivalents at the end of the period stood at HK$142,057,000, up from HK$83,456,000 in the previous year, marking a year-on-year increase of 70%[149]. Governance and Compliance - The Company did not declare any interim dividend during the period, consistent with the previous year[115]. - The Audit Committee reviewed the interim financial results, confirming compliance with applicable accounting standards and adequate disclosures[121]. - The Company has maintained compliance with the Corporate Governance Code, with a commitment to high standards of governance practices[115]. - The roles of Chairman and Chief Executive Officer are held by the same individual, Mr. Ren Yunan, which the Board believes provides strong leadership[115]. - The Company continues to focus on improving its financial reporting and internal control procedures through the established Audit Committee[120]. Strategic Focus and Future Plans - The company believes that digital assets will drive future development, with on-chain data being fundamental to this growth[88]. - The group will continue to focus on innovation-driven business development and customer-oriented strategies to contribute to the blockchain technology's widespread application and the development of the Web3 industry[88]. - The group did not have any significant investments or material acquisitions or disposals as of September 30, 2024[94]. - There are no future plans for material investments or capital assets as of September 30, 2024[94].

Financial Performance - For the six months ended September 30, 2024, the group reported revenue from continuing operations of approximately HKD 195.7 million, a significant increase from HKD 123.5 million for the same period in 2023, representing a growth of 58.4%[2] - The loss attributable to owners of the company for the period was approximately HKD 3.4 million, improved from a loss of HKD 9.2 million in the previous year, indicating a reduction of 63.0%[2] - The basic and diluted loss per share for the period was approximately HKD 0.06, compared to HKD 0.17 for the same period in 2023, reflecting a 64.7% improvement[2] - The total comprehensive loss for the period was HKD 3.6 million, significantly lower than HKD 9.7 million in the previous year, marking a decrease of 62.9%[3] - For the six months ended September 30, 2024, the company reported a net cash inflow from operating activities of HKD 92,491,000, a significant increase from HKD 10,012,000 in the same period last year[22] - The company incurred a total comprehensive loss of HKD 9,673,000 for the six months ended September 30, 2024, compared to a loss of HKD 9,498,000 in the same period last year[19] - The company reported a net loss before tax of HKD 2,976,000, with total liabilities standing at HKD 521,159,000[45] - The company reported a loss attributable to owners of the company from continuing operations of HKD 3,473,000 for the six months ended September 30, 2024, compared to a loss of HKD 9,189,000 in the previous year[64] Assets and Liabilities - The group's total assets as of September 30, 2024, were HKD 685.1 million, down from HKD 1,333.3 million as of March 31, 2024, indicating a reduction of 48.7%[12] - The group's total liabilities as of September 30, 2024, were HKD 521.2 million, a decrease from HKD 1,165.7 million, representing a reduction of 55.3%[17] - The net current assets as of September 30, 2024, were HKD 153.4 million, compared to HKD 161.1 million as of March 31, 2024, showing a slight decrease of 4.3%[17] - The company’s total equity as of September 30, 2024, was HKD 198,922,000, down from HKD 208,595,000 at the beginning of the period[19] - The company’s accumulated losses increased to HKD 113,125,000 as of September 30, 2024, compared to HKD 109,729,000 as of April 1, 2024[19] - The group recorded an unrecognized addition of right-of-use assets of approximately HKD 6,414,000 for the six months ended September 30, 2024, compared to none in the same period of 2023[73] - As of September 30, 2024, the group's total assets and total liabilities were approximately HKD 685.1 million and HKD 521.2 million, respectively, resulting in a debt ratio of approximately 76.1%, down from 87.4% as of March 31, 2024[112] Revenue Sources - Revenue from foundation and building construction services was HKD 156,589,000, significantly higher than HKD 89,862,000 in the prior year, indicating a growth of approximately 74.4%[32] - Digital asset trading and fair value changes generated revenue of HKD 35,947,000, compared to HKD 30,753,000 in the previous year, marking an increase of about 17.1%[32] - The segment revenue from foundation and building construction services was HKD 157,039,000, while digital asset-related services generated HKD 37,751,000, and technical services contributed HKD 1,030,000[43] - The gross profit for the ongoing business segments was HKD 46,797,000, with a notable contribution from digital asset-related services, which reported a profit of HKD 28,416,000[43] - The digital asset segment generated revenue of approximately HKD 35.9 million, an increase of about 16.6% compared to approximately HKD 30.8 million in the same period last year[124] - Revenue from the foundation and building construction segment was approximately HKD 157.0 million, representing a growth of 74.6% year-on-year[126] Operational Efficiency and Future Plans - The board remains focused on improving operational efficiency and exploring new market opportunities to drive future growth[3] - The company continues to invest in digital asset trading and trust services, indicating a strategic focus on expanding its digital asset offerings[39] - The company plans to enhance its market presence through strategic investments in technology and digital assets, aiming for further growth in these sectors[39] - The company has no future plans for significant investments or capital assets as of September 30, 2024[130] Employee and Compliance - The group employed a total of 120 staff as of September 30, 2024, up from 106 staff as of March 31, 2024, with total employee costs reaching approximately HKD 40.5 million[127] - The group continues to support industry compliance and has conducted over 10 training sessions, providing technical support for more than 300 related cases[126] - The audit committee, consisting of three independent non-executive directors, is responsible for ensuring the objectivity and credibility of the company's financial reporting[139] - The interim financial information for the period has been reviewed by the audit committee and complies with applicable accounting standards[140] Dividends and Securities - The company did not recommend the payment of any interim dividend for the period, consistent with the previous year[2] - The company did not declare or pay any dividends for the six months ended September 30, 2024, consistent with the same period in 2023[69] - During the period, the company or its subsidiaries did not purchase, sell, or redeem any of its listed securities[131]

除非另有訂明，綜合財務報表以港元（「港元」）呈列，港元亦為本公司之功能貨幣。 根據香港財務報告準則編製綜合財務報表須運用若干關鍵會計估計。這亦需要管理層在應用 本集團的會計政策過程中行使其判斷。 於本年度內，本集團已就編製綜合財務報表首次應用下列由香港會計師公會頒佈之新訂及經 修訂香港財務報告準則，有關準則於二零二三年四月一日或之後開始之年度期間強制生效： | --- | --- | |-------------------------------------------|----------------------------------| | | | | 第 號之修訂） | | | 香港會計準則第 8 號之修訂 | 會計估計之定義 | | 香港會計準則第 12 號之修訂 | 與單一交易產生的資產及負債相關的 | | | 遞延稅項 | | 香港會計準則第 12 號之修訂 | 國際稅務改革－第二支柱模式規則 | | 香港會計準則第 1 號及香港財務報告準則實務 | 會計政策披露 | 本集團並無提前應用下列已頒佈但尚未生效之經修訂香港財務報告準則： 本公司董事預計應用所有經修訂香港財務報告準則於可見未來將不會對 ...

Financial Performance - The group's revenue for the six months ended September 30, 2023, was approximately HKD 123.6 million, a decrease from HKD 182.2 million for the same period in 2022, representing a decline of about 32%[1] - The loss attributable to the company's owners for the period was approximately HKD 9.2 million, compared to a profit of HKD 35.2 million for the same period in 2022, primarily due to a decrease in revenue from the digital asset segment[1] - Basic and diluted loss per share for the period was approximately HKD 0.17, compared to earnings of HKD 0.66 per share for the same period in 2022[1] - The gross profit for the period was HKD 34,159,000, down from HKD 86,680,000 in the prior year, indicating a significant reduction in profitability[70] - The group recorded a net loss attributable to shareholders of approximately HKD 9.2 million, compared to a profit of HKD 35.2 million in the same period last year[126] - The group’s total revenue was approximately HKD 123.6 million, a decrease of about 32.2% from HKD 182.2 million in the same period last year[122] - The company reported a profit before tax of HKD 41,898 thousand, leading to a net profit of HKD 34,838 thousand after tax expenses of HKD 7,060 thousand[24] - The company reported a total comprehensive loss of HKD 9,673,000 for the period, compared to a total comprehensive income of HKD 34,259,000 in the prior year[70] Cash Flow and Investments - Net cash generated from operating activities was HKD 10,012 thousand, a significant improvement from a cash outflow of HKD 123,878 thousand in the previous year[6] - The net cash used in investing activities was HKD 9,722 thousand, compared to HKD 3,066 thousand in the previous year, indicating increased investment activity[6] - The net decrease in cash and cash equivalents for the period was HKD 6,474 thousand, compared to a decrease of HKD 53,300 thousand in the previous year[6] - As of September 30, 2023, the group's bank and cash balance was approximately HKD 85.0 million, down from HKD 90.6 million as of March 31, 2023[150] Assets and Liabilities - The company reported a total asset value of HKD 1,075,068 thousand as of September 30, 2023, down from HKD 1,105,194 thousand as of March 31, 2023[10] - The total liabilities amounted to HKD 876,146 thousand, a slight decrease from HKD 896,599 thousand in the previous period[10] - The company’s total liabilities as of September 30, 2023, were HKD 876,146 thousand, with significant liabilities from related party loans amounting to HKD 73,917 thousand[28] - The group’s total assets and total liabilities as of September 30, 2023, were approximately HKD 1,075.1 million and HKD 876.1 million, respectively, resulting in a debt ratio of approximately 81.5%[190] Revenue Segments - Revenue from the digital asset trading and fair value changes was HKD 30,753 thousand, down from HKD 71,367 thousand in the previous year, reflecting a decline of approximately 57%[13] - The company’s revenue from external customers in Hong Kong was HKD 121,700 thousand for the six months ended September 30, 2023, compared to HKD 166,294 thousand in the same period last year[38] - Revenue from the construction engineering segment increased by approximately 6.0% to about HKD 89.9 million compared to HKD 84.8 million in the same period last year[106] - Revenue from trust and custody services was approximately HKD 1.0 million, a decrease of about 41.2% from HKD 1.7 million in the same period last year[112] Operational Highlights - The company is focusing on expanding its digital asset services, including on-chain anti-money laundering solutions and API development[27] - The group has five ongoing projects with a total contract value of approximately HKD 293.8 million as of September 30, 2023[101] - The group secured three new contracts during the period with a total value of approximately HKD 453.4 million[108] - The group actively participated in the Greenwich Economic Forum and announced the upgrade of its OKLink product line, which includes new features like Onchain AML and Chaintelligence[159] Employee and Cost Management - The total employee cost for the period reached approximately HKD 37.4 million, compared to HKD 56.2 million for the same period in 2022[161] - The group employed 104 staff members as of September 30, 2023, down from 107 as of March 31, 2023[161] Governance and Compliance - The company has established an audit committee in accordance with the listing rules, ensuring proper governance and oversight[174] - The audit committee reviewed the group's interim financial results, confirming compliance with applicable accounting standards and regulations[169] - The group has adopted a code of conduct for securities trading by directors, ensuring compliance with the standards set forth in the listing rules[167] Market Outlook - The overall inflation rate is projected to decrease from 9.2% in 2022 to 5.9% in 2023, and further to 4.8% in 2024, while core inflation is expected to decline to 4.5% in 2024[131] - The global economic growth is forecasted to slow from 3.5% in 2022 to 3% in 2023 and 2.9% in 2024, significantly below historical averages[131] Future Plans - The group aims to continue driving blockchain technology applications in finance and other sectors while maintaining sustainable returns for shareholders[161] - The group will continue to assess business opportunities in the technology services segment and adjust its development strategy accordingly[183]

Financial Performance - The Group recorded a revenue of approximately HK$356.4 million for the year, with a profit attributable to owners of approximately HK$43.5 million, compared to a loss of HK$58.1 million in the previous year, marking a significant turnaround[17]. - The Group achieved revenue of approximately HK$356.4 million, with a profit attributable to shareholders of approximately HK$43.5 million, compared to a loss of HK$58.1 million in the same period last year, marking a turnaround to profitability[20]. - Gross profit for the Year amounted to approximately HK$155.2 million, an increase of approximately 84.1% compared to HK$84.3 million for the same period in 2022[75]. - The gross profit margin increased by 21.6 percentage points to approximately 43.5% for the Year from approximately 21.9% for the same period last year[75]. - The Group recorded a net profit attributable to the owners of the Company of approximately HK$43.5 million, compared to a loss of approximately HK$58.1 million for the corresponding period in 2022[86]. Revenue Breakdown - Revenue from digital assets related business was approximately HK$134.4 million, with a gross profit of approximately HK$92.8 million, representing a year-on-year increase of 1,618.5% and a gross profit margin of 69.0%, up 29.6 percentage points year-on-year[18]. - Revenue from proprietary trading in digital assets amounted to approximately HK$130.1 million, reflecting a growth of 2,525.5% compared to approximately HK$5 million in the same period of 2022[18]. - Revenue from technical services increased to approximately HK$34.4 million, a 71.1% year-on-year growth, with gross profit rising 160% to approximately HK$19.5 million[19]. - Revenue from construction waste handling services was approximately HK$9.5 million, a decrease of approximately HK$139.3 million year-on-year, while revenue from foundation and building construction works was approximately HK$179.3 million, down approximately 13.6%[23]. - Revenue from trust and custody services decreased to approximately HK$4.4 million, down about 49.4% from approximately HK$8.7 million in the same period of 2022[59]. Digital Assets and Trading - The market value of the Group's digital assets increased to approximately HK$649.5 million as of March 31, 2023, compared to approximately HK$560.1 million in 2022[53]. - The Group held approximately HK$649.5 million in digital assets as of March 31, 2023, with stablecoins, Bitcoin, and Ethereum representing significant portions of the total assets[111]. - The fair values of the stablecoins, Ethereum, and Bitcoin held by the Group were approximately HK$349.1 million, HK$88.2 million, and HK$113.5 million, respectively, accounting for approximately 31.6%, 8.0%, and 10.3% of the Group's total assets[111]. - The Group's proprietary trading in digital assets began in January 2022, utilizing quantitative trading strategies that are subject to market liquidity and system reliability risks[117][120]. - The Group's investment performance in digital assets is vulnerable to extreme market conditions, which could lead to substantial mark-to-market losses that may not recover if stop-loss mechanisms are triggered[117][120]. Operational Developments - OKLink Fintech Limited has developed a plan for on-chain AML and KYT businesses in response to the new licensing regime for virtual asset service providers in Hong Kong[19]. - The Group's product upgrade includes a Web3 one-stop data analysis platform, covering over 100 blockchains and containing around 3 billion address tags[19]. - The Group completed 5 projects during the year with a total contract value of approximately HK$784.0 million[50]. - The Group received multiple industry awards, including the "Intelligent Police Service Innovation Award" and recognition as a "2022 Global Blockchain Innovative Application Demonstration Case," highlighting its advancements in technological innovation[24]. - The Group's proprietary risk management system continuously monitors trading strategies and system performance to prevent significant losses[119][121]. Market Outlook and Strategy - The company is optimistic about the future development of digital assets and the Web3 industry, aiming to explore long-term business development opportunities[25]. - The Group plans to continuously assess and adjust its business segments based on market trends and company strategies[23]. - The new licensing regime for virtual asset trading platforms in Hong Kong is expected to enhance the market's compliance and innovation in the virtual assets sector[133]. - The Group believes its new business model will significantly enhance product capability and market competitiveness in the compliant virtual assets industry[136]. - The global economic growth is projected to recover slowly, with the International Monetary Fund forecasting a growth rate of 2.8% in 2023 and 3.0% in 2024[132]. Governance and Management - The company has a strong board of directors with diverse backgrounds in finance, law, and technology, enhancing its governance and strategic direction[167]. - The board's composition reflects a balance of executive and non-executive directors, promoting effective oversight and strategic decision-making[167]. - The management team includes experienced professionals with qualifications from prestigious institutions, contributing to the company's credibility and operational efficiency[174]. - The company is committed to maintaining compliance with the Securities and Futures Ordinance, ensuring transparency and accountability in its operations[162]. - The Group has implemented Anti-Money Laundering (AML) and Know-Your-Client (KYC) policies to mitigate risks associated with trust business compliance in Hong Kong[123][126]. Staffing and Costs - As of March 31, 2023, the Group employed a total of 107 staff, down from 141 staff as of March 31, 2022[142]. - Total staff costs for the year amounted to approximately HK$107.5 million, compared to approximately HK$132.5 million for the previous year, reflecting a decrease of about 19%[142]. Financial Position - As of March 31, 2023, the Group's total assets amounted to approximately HK$1,105.2 million, up from approximately HK$997.3 million as of March 31, 2022, while total liabilities increased to approximately HK$896.6 million from approximately HK$830.7 million[92]. - The Group's debt ratio decreased to approximately 81.1% as of March 31, 2023, down from approximately 83.3% as of March 31, 2022[92]. - The gearing ratio improved to approximately 40.2% as of March 31, 2023, compared to approximately 61.6% as of March 31, 2022, due to partial repayment of related party loans totaling approximately HK$14.2 million during the year[94]. - The Group did not have any pledged bank deposits as of March 31, 2023, maintaining a cash balance of approximately HK$90.6 million, down from approximately HK$135.6 million as of March 31, 2022[93]. - The Group recorded an impairment loss of approximately HK$7.0 million during the Year, a decrease of approximately HK$20.4 million compared to HK$27.4 million for the year ended March 31, 2022[83].

Financial Performance - The group's revenue for the year was approximately HKD 356.4 million, a decrease of about 7.6% compared to HKD 385.6 million for the year ended March 31, 2022[1]. - The profit attributable to the company's owners for the year was approximately HKD 43.5 million, compared to a loss of HKD 58.1 million for the year ended March 31, 2022, primarily due to increased revenue from the group's digital asset trading business[1]. - Basic and diluted earnings per share for the year were approximately HKD 0.81, compared to a loss of HKD 1.08 per share for the year ended March 31, 2022[1]. - The group reported a gross profit of HKD 155.2 million for the year, significantly up from HKD 84.3 million in the previous year, indicating a strong recovery in operational performance[2]. - The operating profit for the year was HKD 57.1 million, a significant turnaround from an operating loss of HKD 53.3 million in the previous year[2]. - The group recorded a pre-tax loss of HKD 58.7 million, with a tax credit of HKD 271, resulting in a net loss attributable to shareholders of approximately HKD 43.5 million[86]. - The company recorded a net loss of HKD 58.4 million for the year, compared to a net loss of HKD 58.1 million in the previous year, indicating a slight improvement in financial performance[101]. - The company reported a net profit attributable to shareholders of approximately HKD 43.5 million, a significant turnaround from a net loss of HKD 58.1 million in the previous year, driven by increased revenue from proprietary trading in digital assets[113]. Assets and Liabilities - As of March 31, 2023, the equity attributable to the company's owners was approximately HKD 205.6 million, up from HKD 162.1 million as of March 31, 2022[1]. - The total assets of the group as of March 31, 2023, were approximately HKD 1,105.2 million, compared to HKD 997.3 million in the previous year[5]. - The group's total liabilities were approximately HKD 896.6 million, reflecting the financial structure and obligations of the company[80]. - The company's total liabilities include current and non-current liabilities, excluding certain tax liabilities and other undistributed liabilities[60]. - The company's debt-to-equity ratio as of March 31, 2023, is approximately 40.2%, a significant decrease from 61.6% as of March 31, 2022, primarily due to the repayment of related party loans totaling approximately HKD 14.2 million[97]. - As of March 31, 2023, overdue trade receivables were approximately HKD 7,615 thousand, with no amounts overdue by 90 days or more considered as default[47]. - The group’s total assets amounted to HKD 1,105.2 million, with non-current assets accounting for a significant portion[80]. - As of March 31, 2023, the group's total assets and total liabilities were approximately HKD 1,105.2 million and HKD 896.6 million, respectively, resulting in a debt ratio of approximately 81.1%, down from 83.3% a year earlier[143]. Revenue Segments - Revenue from the technology services segment was approximately HKD 34.4 million, an increase of about 71.1% from HKD 20.1 million in the previous year, driven by enhanced blockchain technology services[14]. - Revenue from the construction waste management segment was approximately HKD 9.5 million, a decrease of about HKD 139.3 million from approximately HKD 148.8 million in the same period last year, with a gross profit of about HKD 0.5 million, down approximately 98.8% from HKD 42.1 million[19]. - Revenue from digital asset trading and changes in fair value amounted to HKD 130.1 million, significantly up from HKD 4.9 million in the previous year[75]. - Revenue from the foundation and building construction segment was approximately HKD 179.3 million, a decrease of 13.6% from approximately HKD 207.5 million in the previous year, while gross profit increased by about 28.8% to approximately HKD 44.3 million[38]. - The group’s construction and building engineering services generated revenue of HKD 177.4 million, down from HKD 207.2 million in the previous year[75]. - The group’s loan business revenue was approximately HKD 0.5 million, a decrease of about 81.5% from HKD 2.7 million in the previous year[87]. - The company’s revenue from trust and custody services decreased to approximately HKD 4.4 million, a decline of about 49.4% compared to HKD 8.7 million in the same period last year[50]. Digital Assets - The market value of the group's digital assets was approximately HKD 649.5 million as of March 31, 2023, up from approximately HKD 560.1 million in 2022, with digital asset trading revenue and net fair value changes amounting to approximately HKD 130.1 million, an increase of about 2,525.5% from approximately HKD 5.0 million in the same period last year[25]. - The group held significant digital assets, including stablecoins valued at approximately HKD 349.1 million, accounting for 31.6% of total assets[26]. - Gross profit from digital asset-related business increased to approximately HKD 92.8 million, up about 1,618.5% from HKD 5.4 million year-on-year, with a gross profit margin of 69.0%, an increase of approximately 29.6 percentage points from 39.4%[50]. - The group anticipates significant growth potential in the digital asset sector under the regulatory environment, contributing substantial cash flow from its digital asset trading and trust services[160]. - The group is optimistic about the future development of the digital asset and Web3 industries, aiming to provide long-term returns to shareholders[161]. Operational Highlights - The group secured 4 new contracts with a total contract value of approximately HKD 187.3 million during the year[20]. - As of March 31, 2023, the group had 5 ongoing projects with a total contract value of approximately HKD 293.8 million[22]. - The group completed 5 projects during the year with a total contract value of approximately HKD 784.0 million[23]. - The group employed a total of 107 employees as of March 31, 2023, down from 141 employees a year earlier[161]. - Total employee costs for the year reached approximately HKD 107.5 million, compared to approximately HKD 132.5 million for the previous year[161]. Governance and Compliance - The group has complied with corporate governance codes and has established an audit committee to oversee financial reporting[181]. - The group has not made any significant investments or acquisitions during the reporting period[163]. - The group has not pledged any assets during the year, maintaining a strong financial position[116]. Economic Outlook - The global economic growth is projected to recover slowly, with the International Monetary Fund forecasting a growth rate of 2.8% in 2023 and 3.0% in 2024, while global inflation is expected to decrease from 8.7% in 2022 to 7.0% in 2023[128]. - The Hong Kong government is exploring the introduction of virtual asset trading platforms and ETFs, indicating a welcoming stance towards the virtual asset market[158].

Financial Performance - The Group's revenue for the six months ended September 30, 2022, was approximately HK$182.2 million, a decrease of 4.7% compared to HK$191.2 million for the same period in 2021[13][17]. - Profit attributable to the owners of the Company for the Period was approximately HK$35.2 million, a significant improvement from a loss of approximately HK$28.9 million in the same period of 2021[13][17]. - Basic and diluted earnings per share for the Period amounted to approximately HK cent 0.66, compared to a loss of approximately HK cent 0.54 per share for the six months ended September 30, 2021[13][18]. - Gross profit for the Period amounted to approximately HK$86.7 million, representing an increase of approximately 803.1% compared to approximately HK$9.6 million for the corresponding period in 2021[57]. - The gross profit margin increased by 42.6 percentage points to approximately 47.6% for the Period from approximately 5.0% for the same period last year[57]. - The Group recorded a net profit attributable to the owners of the Company of approximately HK$35.2 million for the Period, compared to a loss of approximately HK$28.9 million for the corresponding period in 2021, mainly due to increased revenue from proprietary trading in digital assets[74]. - The company reported a total comprehensive profit of HK$34,259,000 for the period, compared to a total comprehensive loss of HK$28,475,000 in the prior year[131]. - Profit for the period was HK$34,838,000, a significant recovery from a loss of HK$28,976,000 in the same period last year[131]. Revenue Sources - The Group's major sources of revenue include foundation and building construction works, construction waste handling services, digital assets related businesses, and technical services[15][19]. - Revenue from foundation and building construction works segment was approximately HK$84.8 million, a decrease of approximately 18.1% compared to HK$103.5 million in the corresponding period in 2021[22]. - Revenue from construction wastes handling services was approximately HK$1.7 million, a decrease of approximately 97.9% from HK$81.4 million in the corresponding period in 2021, resulting in a gross loss of approximately HK$1.2 million[22]. - Revenue generated from the provision of trust and custody services was approximately HK$1.7 million, which decreased approximately 32.0% compared to approximately HK$2.5 million for the corresponding period in 2021[47]. - Revenue from the Group's technical services segment amounted to approximately HK$23.1 million, increased by approximately 171.8% compared to approximately HK$8.5 million for the corresponding period in 2021[49]. - Revenue from trading in digital assets and net fair value changes on digital assets was approximately HK$71.4 million during the period[38]. - Total external revenue for the period ended September 30, 2022, was HK$182,174,000, with contributions from foundation and building construction works (HK$84,840,000), construction waste handling services (HK$1,673,000), digital assets related businesses (HK$73,112,000), technical services (HK$23,079,000), and other businesses (loss of HK$530,000)[192]. Assets and Liabilities - As of September 30, 2022, the Group's total assets amounted to approximately HK$1,512.4 million, and total liabilities were approximately HK$1,311.5 million, resulting in a debt ratio of approximately 86.7%[77]. - The gearing ratio of the Group as of September 30, 2022 was approximately 89.2%, an increase from approximately 61.6% as of March 31, 2022, mainly due to a loan of US$10.0 million borrowed at an interest rate of 2.0% per annum[77]. - The total assets as of September 30, 2022, amounted to HK$1,512,366,000, up from HK$997,334,000 as of March 31, 2022[135]. - Total liabilities as of September 30, 2022, were HK$1,311,484,000, including HK$1,065,331,000 in liabilities related to digital assets[194]. Digital Assets - The market value of the Group's digital assets as of September 30, 2022, was approximately HK$1,177.5 million, up from approximately HK$560.1 million on March 31, 2022[38]. - The Group borrowed loans from the trading platform in forms of digital assets, with a fair value of approximately HK$420.4 million at the end of the period[38]. - The Group's digital assets, valued at approximately HK$631.0 million as of 30 September 2022, served as collateral for borrowings, which were interest-free and repayable on demand[77]. - The net fair value change on digital assets was HK$71,367,000 for the period, compared to a loss of HK$6,253,000 in the previous year[178]. - The company is focused on expanding its digital assets related businesses, which include proprietary trading and trust and custody services[192]. - Future strategies may involve further development of blockchain technology services, including security audits and related services[192]. Corporate Governance and Compliance - The Board does not recommend the payment of any interim dividend for the Period, consistent with the previous year[14][18]. - The Company has maintained compliance with the Corporate Governance Code, except for the deviation where the roles of Chairman and Chief Executive Officer are held by the same individual, Mr. Ren Yunan[112]. - The Audit Committee, comprising three independent non-executive Directors, has reviewed the unaudited condensed consolidated financial information for the period and found it compliant with applicable accounting standards and legal requirements[125]. - The Company expresses gratitude to staff, shareholders, and customers for their support and contributions[126]. - The Company will continue to review its corporate governance practices to protect shareholders' interests[114]. Staff and Operations - As of September 30, 2022, the Group employed a total of 92 staff, down from 141 staff as of March 31, 2022[88]. - Total staff costs, including directors' emoluments, amounted to approximately HK$56.2 million, compared to approximately HK$54.9 million for the same period in 2021[88]. - The Group's administrative and other operating expenses for the Period amounted to approximately HK$42.2 million, representing a decrease of approximately 8.9% compared to HK$46.3 million for the corresponding period in 2021, mainly due to effective cost control measures[66]. Future Outlook - The Group is committed to optimizing its business structure and promoting proprietary investment in digital assets for sustainable development[85]. - The Group aims to enhance its operational efficiency and profitability through better resource allocation and segment performance assessment[188]. - Future outlook includes potential growth in the digital assets sector, supported by ongoing investments in technology and market expansion strategies[194].

Financial Performance - Revenue from proprietary trading in digital assets was approximately HK$5.0 million, and revenue from trust and custody services was approximately HK$8.7 million, representing a year-on-year increase of approximately 521.4%[12] - Total assets of OKLink Trust's clients increased to approximately HK$280.5 million, up approximately 159.2% from HK$108.2 million over the same period last year[12] - Revenue from digital assets related businesses was approximately HK$13.7 million, with a gross profit of approximately HK$5.4 million[12] - Revenue from foundation and building construction works and ancillary services was approximately HK$207.5 million, an increase of approximately 22% year-on-year[12] - Revenue from construction waste handling services was approximately HK$148.8 million, a decrease of approximately 36% year-on-year[12] - Loss attributable to the owners of the Company for the year was approximately HK$58.1 million, a decrease of approximately 38.1% year-on-year[16] - The Group recorded a revenue of approximately HK$385.6 million for the Year, representing a decrease of approximately 14.9% compared to HK$453.0 million for the corresponding period in 2021[65] - The gross profit of the Group for the Year amounted to approximately HK$84.3 million, representing an increase of approximately 80.9% compared to HK$46.6 million for the corresponding period in 2021[67] - The gross profit margin increased by 11.6 percentage points to 21.9% for the Year from 10.3% for the same period last year[67] - Other income, gains, and losses of the Group amounted to approximately HK$19.2 million, representing an increase of approximately 18.5% compared to HK$16.2 million for the corresponding period in 2021[71] Digital Assets and Blockchain - The Group launched ChainHub, the first panoramic on-chain data analysis tool in Greater China, providing over 10,000 data indicators and seven major thematic data categories including NFT and GameFi[22] - The Group commenced proprietary trading in digital assets and blockchain technology services during the year[28] - The blockchain industry is recognized as a key industry in the digital economy, with the Group planning to optimize and upgrade blockchain-related products[25] - The Group aims to expand its digital asset-related businesses, including proprietary trading, blockchain technology services, and trust and custody services[25] - The Group will continue to monitor regulatory dynamics in the digital assets industry and apply for relevant licenses as needed[25] - The Group's digital assets were used as collateral for borrowings, valued at approximately HK$554.5 million as of March 31, 2022, compared to nil as of March 31, 2021[79] - The Group's risk exposure to price volatility in digital assets is limited to the net balance of each digital asset held, with stablecoins being less volatile compared to ETH and BTC[95] - The Group's quantitative trading strategies for digital assets are subject to market liquidity and system reliability, with potential for both profits and significant losses during extreme market conditions[97] - The Group's proprietary risk management system is designed to address inherent risks in digital asset trading, including errant algorithms and extreme market moves[97] Economic Environment - The Hong Kong economy contracted by about 4.0% year-on-year in the first quarter of 2022 due to the COVID-19 pandemic[12] - The Hong Kong economy contracted by approximately 4.0% year-on-year in Q1 2022 due to the fifth wave of COVID-19 and related prevention measures[102] Corporate Strategy and Management - The Group adjusted its corporate management policy and diversified its development strategies in response to the unpredictable capital market[12] - The Group's business layout has been rationally planned to explore development opportunities under the crisis[12] - The Group aims to gradually expand the scale of its digital asset investment business while controlling investment risks[102] - The Group's efforts in optimizing its business structure are expected to create greater returns for shareholders[102] Customer and Market Dynamics - The Group's top five customers contributed approximately 83.1% of total revenue for the year, with the largest customer accounting for about 38.3%[137] - The Group's revenue contribution from its top five customers decreased slightly from 83.5% in the previous year to 83.1%[138] - The Group's largest customer experienced a decrease in revenue contribution from 51.7% in the previous year to 38.3%[138] - The Group's service contracts are project-based, which may lead to challenges in retaining customers upon contract expiration[137] Legal and Regulatory Risks - The PRC government regulations currently limit foreign ownership in PRC companies providing value-added telecommunication services to 50%[150] - The Ministry of Industry and Information Technology of the PRC issued the MII Notice, which imposes stricter regulations on foreign investments in value-added telecommunications services[150] - The company faces risks that the Contractual Arrangements with Beijing OKG may be deemed non-compliant with PRC laws, potentially leading to nullification or revocation of licenses[152] - The relevant regulatory authorities have broad discretion in dealing with violations, which could include shutting down the company's website or imposing fines[152] Human Resources - As of March 31, 2022, the Group employed a total of 141 staff, down from 193 staff as of March 31, 2021, with total staff costs amounting to approximately HK$132.5 million, an increase from approximately HK$113.3 million in the previous year[105] Shareholder Information - Mr. Tang holds approximately 72.71% of the total issued share capital of the Company through OKC, which represents 3,904,925,001 shares[119] - The Company has a policy that one-third of the Directors shall retire from office by rotation at each annual general meeting[161] - The total number of issued shares of the Company was 5,370,510,000 shares as of March 31, 2022[176] Donations and Social Responsibility - During the Year, the Group made charitable and other donations amounting to approximately HK$869,000, an increase from HK$176,000 in 2021[199] - The Group's charitable donations increased significantly during the Year, reflecting a commitment to social responsibility[199]