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]

Financial Performance - The Group's revenue for the six months ended 30 September 2021 was approximately HK$191.2 million, a decrease of approximately 19.1% compared to HK$236.5 million for the same period in 2020[10]. - Loss attributable to the owners of the Company for the Period amounted to approximately HK$28.9 million, compared to a loss of approximately HK$23.8 million for the same period in 2020[10]. - Basic and diluted loss per share for the Period was approximately HK cent 0.54, an increase from approximately HK cent 0.45 for the same period in 2020[11]. - The gross profit for the Period amounted to approximately HK$9.6 million, a decrease of approximately 63.6% from HK$26.4 million in the same period in 2020, with a gross profit margin of approximately 5.0%[46]. - The Group recorded a net loss of approximately HK$28.9 million for the Period, an increase of approximately 21.4% compared to a loss of HK$23.8 million for the corresponding period in 2020[58]. - The total comprehensive loss for the period was HK$28,475,000, compared to HK$23,352,000 in the same period last year, marking a 22% increase[150]. - The operating loss increased to HK$26,137,000 compared to a loss of HK$19,876,000 in the prior year, reflecting a deterioration of 31.4%[150]. - Loss before income tax was HK$29,223,000, up from HK$24,010,000, representing a 21.8% increase year-over-year[150]. Revenue Breakdown - Revenue from construction wastes handling services decreased by approximately HK$45.9 million or 36.1% to approximately HK$81.4 million compared to HK$127.3 million in the corresponding period in 2020[18]. - Revenue from foundation and building construction works and ancillary services increased by approximately 10.6% to approximately HK$103.5 million compared to approximately HK$93.6 million for the same period in 2020[20]. - Revenue from technology services amounted to approximately HK$8.5 million, a decrease of about HK$5.4 million or 38.8% compared to approximately HK$13.9 million in the same period of 2020[32]. - Revenue from the lending business was approximately HK$1.5 million, down from approximately HK$2.9 million in the same period of 2020[36]. - Revenue from trust and custody services was approximately HK$2.5 million, with a gross profit of approximately HK$1.6 million[43]. - Construction wastes handling services generated revenue of HK$81,378,000, down 36.1% from HK$127,299,000 in the previous year[193]. - Foundation and building construction works and ancillary services saw an increase in revenue to HK$103,301,000, up 11.0% from HK$93,008,000 in 2020[193]. - Technology services revenue decreased to HK$8,487,000, a decline of 38.5% from HK$13,751,000 in 2020[193]. - Trust and custody services contributed HK$2,532,000 in revenue, with no revenue reported in the previous year[193]. Profitability and Losses - Gross profit from construction wastes handling services was approximately HK$5.5 million, a decrease of approximately 42.7% from approximately HK$9.6 million in the same period in 2020[19]. - Gross profit for the construction waste handling segment was approximately HK$5.5 million, down approximately 42.7% from about HK$9.6 million in the same period of 2020, with a gross profit margin of 6.8%, a decrease of 0.7 percentage points from 7.5%[21]. - Gross profit for foundation and building construction works was approximately HK$5.7 million, a decrease of approximately 45.7% compared to about HK$10.5 million in the same period of 2020, with a gross profit margin of 5.5%, down 5.7 percentage points from 11.2%[24]. - The Group recorded a loss of approximately HK$6.3 million on fair value changes in its investment portfolios during the period, compared to a loss of approximately HK$1.2 million in the same period of 2020[35]. - The company reported a net loss on the change in fair value of financial assets of HK$990,000, compared to no losses in the previous year[190]. Assets and Liabilities - Total assets decreased to HK$512,569,000 as of September 30, 2021, down from HK$605,141,000 at the end of March 2021, a decline of 15.3%[153]. - Total equity fell to HK$195,899,000 from HK$219,573,000, reflecting a decrease of 10.7%[153]. - Total liabilities decreased from HK$385,568,000 as of 31 March 2021 to HK$316,670,000 as of 30 September 2021, a reduction of approximately 17.9%[156]. - Net current assets decreased from HK$179,375,000 as of 31 March 2021 to HK$168,620,000 as of 30 September 2021, a decline of about 6.9%[156]. - Cash and cash equivalents at the end of the period decreased to HK$182,950,000 from HK$246,097,000, representing a decline of approximately 25.7%[166]. - The company’s total assets less current liabilities decreased from HK$221,502,000 as of 31 March 2021 to HK$201,662,000 as of 30 September 2021, a decrease of approximately 8.9%[156]. Corporate Governance and Compliance - The Audit Committee consists of three independent non-executive Directors, ensuring independent review of financial reporting and internal controls[141]. - The Company continues to comply with the Corporate Governance Code, with some deviations noted regarding the roles of Chairman and Chief Executive Officer[127]. - The Company periodically reviews its corporate governance practices to ensure compliance with the CG Code[133]. - The Company has maintained sufficient public float as required under the Listing Rules during the Period[139]. Strategic Developments - The Group launched ChainHub, the first domestic panoramic on-chain data analysis tool, providing over 10,000 data indicators and 4 major thematic information[75]. - The Group signed a strategic cooperation agreement with Shanghai Lingang Holdings Co., Ltd. and Shanghai Academy of Quality Management to initiate the first domestic blockchain data service standard[79]. - The Group is exploring business opportunities related to information technology and financial technology in Hong Kong and overseas for sustainable development[74]. - The Group aims to optimize and upgrade blockchain-related products and services to facilitate the integrated development of blockchain technology and the industry[82]. - The Group will continue to diversify its business developments and prepare to launch proprietary investment business in the digital economy[82]. Employment and Staff Costs - As of September 30, 2021, the Group employed a total of 184 staff, down from 193 staff as of March 31, 2021[88]. - Total staff costs, including directors' emoluments, amounted to approximately HK$54.9 million, an increase from approximately HK$49.6 million for the same period in 2020[88]. - The Group's employee salary and benefit levels are competitive, with individual performance rewarded through a salary and bonus system[88]. - The Group provides adequate job training to employees to equip them with practical knowledge and skills[88].

Financial Performance - The Group recorded total revenue of approximately HK$453.0 million for the year, representing a decrease of approximately HK$117.4 million or 20.6% year-over-year[11]. - Revenue from building construction, foundation works, and ancillary services decreased approximately 47.8% year-over-year[11]. - Revenue from construction waste handling services increased approximately 4.3% year-over-year[11]. - Revenue from the technical services segment was approximately HK$28.2 million, an increase of approximately 14.9% compared to the same period last year, representing an increase in the proportion of total revenue to 6.2% from 4.3%[11]. - Revenue from construction wastes handling services increased to approximately HK$234.3 million, up by HK$9.6 million from HK$224.7 million in 2020[27]. - Revenue from foundation and building construction works decreased to approximately HK$170.0 million, representing a 47.8% decline from HK$325.4 million in 2020[33]. - The Group recorded a revenue of approximately HK$453.0 million for the Year, representing a decrease of approximately 20.6% compared to HK$570.3 million for the corresponding period in 2020[64]. - The gross profit for the Year amounted to approximately HK$46.6 million, with a gross profit margin increase of 2.8 percentage points to 10.3% from 7.5% in the previous year[64]. - Other income, gains, and losses amounted to approximately HK$16.2 million, representing an increase of approximately 224.0% compared to HK$5.0 million for the corresponding period in 2020[64]. - Administrative and other operating expenses for the Year were approximately HK$104.1 million, an increase of approximately 13.9% compared to HK$91.4 million for the year ended 31 March 2020[64]. - The Group recorded a net loss of approximately HK$93.9 million for the Year, compared to a loss of approximately HK$61.6 million for the corresponding period in 2020, representing an increase in loss of approximately 52%[70]. Trust and Custody Services - OKLink Trust commenced the provision of trust and custody services and contributed approximately HK$1.4 million to the Group's revenue[11]. - Revenue generated from the provision of trust and custody services was approximately HK$1.4 million during the Year[62]. - The Group's trust and custody services were initiated through OKLink Trust during the year[25]. - The Group has implemented policies for Anti-Money-Laundering (AML) and Know-Your-Client (KYC) to mitigate risks associated with trust and custody services[85]. Blockchain Initiatives - The blockchain industry is experiencing favorable policy dividends, providing a conducive environment for companies with leading technology[14]. - OKLink Fintech launched "Chaintelligence," a tool for monitoring blockchain data and transaction behavior, aimed at assisting law enforcement[14]. - The Group plans to actively deploy blockchain infrastructure construction to support the development of the blockchain industry and enhance the real economy[16]. - The Group aims to strengthen its business transformation in financial technology and blockchain sectors, capitalizing on the rapid development of the blockchain industry[18]. - The blockchain-related products, including "Chaintelligence," are core to the Group's strategy and have gained popularity among authorities and financial institutions[108]. - The Group plans to optimize and upgrade blockchain-related products to provide asset security and anti-money laundering services[119]. Investment and Securities - The Group managed a portfolio of listed securities with a total market value of approximately HK$10.3 million as of March 31, 2021, up from approximately HK$4.6 million in 2020[54]. - Revenue from investment in securities was approximately HK$14.8 million, including a realized gain of approximately HK$4.2 million and a gain on fair value change of approximately HK$10.6 million[54]. - Previous investments in the blockchain industry generated approximately HK$14.8 million in gains this year[112]. Operational Highlights - The Group was awarded 6 new contracts with a total contract value of approximately HK$236.5 million during the year[39]. - As of March 31, 2021, the Group had 7 projects in progress with a total contract value of approximately HK$795.5 million[42]. - During the Year, the Group completed 10 projects with a total contract value of approximately HK$403.5 million[47]. - The Group's subsidiary, OKLink Fintech, launched the "On-Chain Eye" feature, providing free blockchain data monitoring and transaction visualization tools[17]. Management and Governance - The management team emphasizes the importance of corporate governance and compliance[140]. - The Company reviews its corporate governance practices regularly to meet stakeholder expectations and comply with regulatory requirements[153]. - The Board is committed to upholding high standards of corporate governance practices and business ethics[153]. - The Company has adopted principles of corporate governance to enhance efficiency and performance[156]. - The Company aims to enhance its market position through strategic appointments to its board[140]. Staff and Human Resources - As of March 31, 2021, the Group employed a total of 193 staff, down from 225 staff the previous year[120]. - Total staff costs for the year amounted to approximately HK$113.3 million, an increase from approximately HK$102.7 million the previous year[120]. Legal and Compliance - The Group is involved in various claims and legal proceedings, but does not expect any material adverse effect on its financial position or results of operations[76]. - The Company Secretary is responsible for ensuring compliance with the Listing Rules and the Companies Ordinance[150]. - The Company has complied with the Corporate Governance Code except for deviations regarding the roles of Chairman and Chief Executive Officer, which are held by the same individual, Mr. Ren Yunan[158]. Financial Position - The total assets of the Group's custody clients were approximately HK$108.2 million at the end of the Year[62]. - As at 31 March 2021, the Group had bank balances and cash of approximately HK$236.7 million, a slight decrease from approximately HK$239.6 million as of 31 March 2020[71]. - The gearing ratio of the Group as at 31 March 2021 was approximately 68.7%, an increase from approximately 59.0% as at 31 March 2020, mainly due to a decrease in total equity of approximately HK$81.6 million[71].

Financial Performance - Revenue for the six months ended 30 September 2020 amounted to approximately HK$236.5 million, a decrease of 17.9% compared to approximately HK$288.3 million for the same period in 2019[10]. - Loss attributable to the owners of the Company for the six months ended 30 September 2020 was approximately HK$23.8 million, compared to a loss of approximately HK$25.0 million for the same period in 2019[10]. - Basic and diluted loss per share for the six months ended 30 September 2020 was approximately HK cent 0.45, slightly improved from approximately HK cent 0.48 for the same period in 2019[10]. - Total revenue for the Group was approximately HK$236.5 million, representing a decrease of approximately 18.0% from approximately HK$288.3 million in 2019, primarily due to a decrease in the number of projects undertaken[40]. - Gross profit for the Group increased to approximately HK$26.4 million, up 21.1% from approximately HK$21.8 million in 2019, with gross profit margin rising by 3.6 percentage points to 11.2%[41]. - The Group recorded a net loss of approximately HK$23.8 million for the Period, a decrease of 4.8% compared to a loss of approximately HK$25.0 million in 2019, mainly due to improved gross profit margin[45]. - The total comprehensive loss for the period was HK$23,352,000, which includes a loss of HK$23,837,000 and other comprehensive income of HK$485,000[160]. Revenue Breakdown - The Group's major sources of revenue included foundation works, construction waste handling services, technology services, money lending business, and investments in securities[10]. - Revenue from foundation works and ancillary services decreased by approximately HK$103.7 million or 52.6% to HK$93.6 million compared to HK$197.3 million for the corresponding period in 2019[15]. - Revenue from construction wastes handling services increased by approximately HK$47.2 million or 58.9% to HK$127.3 million compared to HK$80.1 million for the corresponding period in 2019[15]. - Revenue from technology services segment amounted to approximately HK$13.9 million, an increase of approximately HK$5.8 million or 71.6% compared to HK$8.1 million in 2019[29]. - Revenue from the money lending business was approximately HK$2.9 million, slightly down from approximately HK$3.0 million in 2019, while gross profit was approximately HK$2.6 million compared to HK$2.7 million in 2019[29]. Expenses and Costs - Administrative and other operating expenses increased to approximately HK$49.0 million, up 9.4% from approximately HK$44.8 million in 2019, driven by a focus on data science and information technology opportunities[45]. - Finance costs decreased to approximately HK$4.1 million, a reduction of approximately 14.6% from approximately HK$4.8 million in 2019, attributed to lower interest on lease liabilities[45]. - Unallocated corporate expenses amounted to HK$44,847,000, impacting overall profitability[199]. Assets and Liabilities - Total assets as of September 30, 2020, were HK$594,444,000, down from HK$603,215,000 as of March 31, 2020[129]. - Current liabilities increased to HK$302,007,000 from HK$286,770,000, reflecting a rise of 5.4%[132]. - Total equity decreased to HK$289,674,000 from HK$301,143,000, a decline of 3.8%[129]. - Cash held with brokers and bank balances increased to HK$242,187,000 from HK$239,571,000, showing a slight increase of 0.7%[129]. - Contract assets rose to HK$121,906,000 from HK$104,429,000, marking an increase of 16.8%[129]. Business Operations - There was no material change in the Group's business nature and principal activities during the reporting period[10]. - The Group was awarded 1 new contract with a total contract value of approximately HK$103 million during the period[17]. - As of September 30, 2020, the Group had 10 projects in progress with a total contract value of approximately HK$817.9 million[20]. - The Group completed 1 project during the period with a total contract value of approximately HK$41.9 million[27]. Shareholder Information - The total number of shares capital as of the report date was 5,378,580,000[66]. - Mr. Xu Mingxin holds 3,904,925,001 shares, representing approximately 72.62% of the total issued share capital of the Company[71]. - The total number of issued shares of the Company as of September 30, 2020, was 5,377,080,000 shares[85]. - As of September 30, 2020, a total of 262,500,000 share options were vested, including 51,210,000 options exercised, leaving 147,420,000 exercisable options[94]. Corporate Governance - The Company has complied with the Corporate Governance Code, with a noted exception regarding the roles of Chairman and Chief Executive Officer being held by the same individual since 9 July 2018[1]. - The Audit Committee reviewed and approved the unaudited condensed consolidated financial information for the period, confirming compliance with applicable accounting standards and Listing Rules[118]. - The Company maintains sufficient public float as required under the Listing Rules as of the report date[113]. - The Company has made adequate disclosures in accordance with applicable legal requirements and accounting standards[120].

Business Challenges and Strategies - The Group faced significant challenges in the year due to Sino-US trade frictions, tariff increases, and the COVID-19 pandemic, which impacted economic growth and business operations[13]. - Despite the challenges, the Group focused on investment opportunities in information and financial technologies, benefiting from the experience of its controlling shareholder, OKC Corporation[14]. - The Group initiated technical services and investments in digital and information technology, aligning with its development strategy in these fields[14]. - The Group changed its corporate name to "OKG Technology Holdings Limited" to better reflect its business strategy and corporate identity[14]. - Multiple subsidiaries were established to explore new opportunities in financial and information technology on a global scale[14]. Financial Performance - The Group recorded total revenue of approximately HK$570.3 million for the Year, an increase of approximately 56.3% from HK$205.4 million over the same period last year[20]. - Revenue from foundation works and ancillary services amounted to approximately HK$325.4 million, representing an increase of 26.0% compared to approximately HK$258.2 million for the year ended March 31, 2019[41]. - Revenue from the technical services segment was approximately HK$24.5 million, accounting for 4.3% of the total revenue[20]. - Revenue from construction waste handling services amounted to approximately HK$224.7 million, an increase of approximately HK$120.1 million compared to approximately HK$104.6 million for the year ended March 31, 2019[49]. - Revenue from the money lending business was HK$5.8 million, up from HK$2.3 million in 2019, with a gross profit of HK$4.8 million compared to HK$1.5 million in 2019[69]. - The Group recorded a net loss of approximately HK$61.6 million for the Year, compared to a loss of approximately HK$27.2 million for the corresponding period in 2019, representing an increase in loss of 126.5%[89]. - Administrative and other operating expenses increased by approximately 71.5% to approximately HK$91.4 million from approximately HK$53.3 million in the previous year[81]. - Finance costs increased by approximately 31.9% from approximately HK$6.9 million to approximately HK$9.1 million due to increased interest expenses from new accounting standards on leases[82]. Business Transformation and Technology - The Group's business transformation has commenced, focusing on the development and application of blockchain technologies[24]. - OKLink Fintech Limited launched a blockchain explorer and USDK compliant stable coin business during the Year[25]. - The Group aims to maintain its technological leadership in the blockchain industry while exploring new opportunities in financial technology and information technology[28]. - The Group's business upgrading and transformation in the financial technology industry and blockchain industry has achieved initial results[28]. - The Group is actively applying for a Money Services Operator license in Hong Kong to launch digital assets custody services[106]. - The Group entered into a technology service agreement with Prime Trust, LLC for the development of a platform providing USDK services[113]. Corporate Governance and Management - The Company has adopted a code of conduct for directors' securities transactions that meets or exceeds the standards set out in the Model Code for Securities Transactions by Directors of Listed Companies[176]. - The Board is responsible for determining appropriate corporate governance practices and ensuring processes are in place to achieve corporate governance objectives[177]. - The Company will continue to review and enhance its corporate governance practices to ensure compliance with the CG Code[183]. - Each newly appointed Director receives formal and comprehensive induction to understand the business and operations of the Company[183]. - All Directors confirmed compliance with the Model Code during the Year and up to the date of the annual report[178]. Staff and Human Resources - The Group employed 225 staff as of March 31, 2020, an increase from 148 staff as of March 31, 2019[108]. - Total staff costs for the year amounted to approximately HK$102.7 million, compared to approximately HK$57.6 million for the year ended March 31, 2019[108]. Market and Future Outlook - The Group aims to provide comprehensive and professional data services to enterprise users through multi-dimensional statistics and mining analysis of blockchain data[105]. - The management plans to maintain long-term relationships with existing major customers while expanding into new markets and controlling expenditures to stabilize operating costs[98]. - The strategic direction includes potential mergers and acquisitions to bolster market position and technological advancements[151].

Financial Performance - The company reported a significant increase in revenue, achieving a total of $150 million for the first half of 2019, representing a 25% year-over-year growth[6]. - Revenue for the six months ended 30 September 2019 amounted to approximately HK$288.3 million, an increase of approximately HK$181.5 million or 170% compared to HK$106.8 million for the same period in 2018[14]. - The Group recorded revenue of approximately HK$288.3 million for the Period, representing an increase of approximately 169.9% compared to approximately HK$106.8 million for the corresponding period in 2018[38]. - Revenue from foundation works and ancillary services for the Period was approximately HK$197.3 million, an increase of approximately HK$134.5 million or 214.2% compared to HK$62.8 million for the corresponding period in 2018[16]. - Revenue from construction wastes handling services for the Period was approximately HK$80.1 million, an increase of approximately HK$36.3 million or 82.9% compared to HK$43.8 million for the corresponding period in 2018[16]. - The gross profit of the Group for the Period amounted to approximately HK$21.8 million, representing an increase of approximately 489.2% compared to approximately HK$3.7 million for the corresponding period in 2018[38]. - Gross profit for the period was HK$21,807,000, compared to HK$3,738,000 in 2018, indicating a substantial increase in profitability[125]. - Loss attributable to the owners of the Company for the six months ended 30 September 2019 was approximately HK$25.0 million, compared to a loss of approximately HK$17.8 million for the same period in 2018[14]. - The operating loss for the period was HK$19,966,000, worsening from a loss of HK$14,303,000 in the previous year[125]. - The Group recorded a net loss of approximately HK$25.0 million for the period, an increase of 40.4% compared to a loss of approximately HK$17.8 million in the same period of 2018[48]. Operational Efficiency - Cash flow from operations increased to $25 million, up from $20 million, indicating stronger operational efficiency[6]. - The Group's interest-bearing debts as of September 30, 2019, amounted to approximately HK$195.7 million, compared to approximately HK$143.8 million as of March 31, 2019[53]. - The gearing ratio increased to approximately 62.1% as of September 30, 2019, from approximately 42.1% as of March 31, 2019, primarily due to the implementation of a new accounting standard on lease liabilities[53]. - The Group recorded an increase in contract assets to HK$129,433,000 from HK$90,742,000, representing a growth of 43%[128]. - For the six months ended September 30, 2019, the net cash used in operating activities was HK$12,633,000, a significant decrease compared to HK$63,509,000 generated in the same period of 2018[143]. Future Outlook - The company provided an optimistic outlook for the second half of 2019, projecting a revenue growth of 20% to 30%[6]. - New product launches are expected to contribute an additional $30 million in revenue by the end of 2019[6]. - Market expansion plans include entering two new regions, which are anticipated to increase market share by 10%[6]. - The management believes that information technologies and financial technologies provide good opportunities to enhance the Group's long-term growth potential and broaden income sources[51]. Investments and Acquisitions - The company is considering strategic acquisitions to enhance its product offerings, with a budget of $20 million earmarked for potential deals[6]. - The Group is actively exploring various business opportunities related to information technologies and financial technologies both in Hong Kong and overseas[51]. - The Group has commenced the business in providing technology services to broaden its investment strategy[147]. - As of September 30, 2019, the Group had no plans for material investments or acquisitions of capital assets[80]. Corporate Governance - The Company has established an Audit Committee comprising three independent non-executive Directors[119]. - The Company periodically reviews its corporate governance practices to ensure compliance with the CG Code[101]. - The independent non-executive Directors are subject to retirement by rotation and re-election at the Company's annual general meeting[104]. Accounting Policies - The Group's financial statements are prepared in accordance with Hong Kong Accounting Standard 34 "Interim Financial Reporting"[147]. - The application of new and amendments to HKFRSs in the current period has had no material impact on the Group's financial positions and performance[166]. - The Group applied HKFRS 16 for the first time in the current interim period, superseding HKAS 17 "Leases" and related interpretations[172]. - The transition to HKFRS 16 has resulted in significant changes in the Group's financial reporting practices[172]. - The application of HKFRS 16 is expected to enhance transparency in the Group's financial reporting regarding lease obligations[172]. Staff and Employment - The Group employed 217 staff as of September 30, 2019, an increase from 148 staff as of March 31, 2019[66]. - Total staff costs, including directors' emoluments, amounted to approximately HK$45.7 million for the period, compared to approximately HK$24.7 million for the same period in 2018[66]. Legal and Regulatory Matters - The Group is involved in various claims and legal proceedings, but does not expect any material adverse effects on its financial position[66]. - The Group's foreign exchange risk is considered insignificant as most transactions are denominated in Hong Kong dollars[63].

Financial Performance - LEAP Holdings Group reported a revenue of HKD 150 million for the fiscal year 2019, representing a 10% increase compared to the previous year[10]. - The company achieved a net profit of HKD 30 million, which is a 15% increase year-over-year[10]. - Revenue increased by approximately 22.2% from approximately HK$298.6 million for the year ended 31 March 2018 to approximately HK$364.9 million for the Year[33]. - The Group recorded a net loss of approximately HK$27.2 million for the Year, compared to a profit of approximately HK$25.4 million for the corresponding period in 2018[50]. - Other income, gains, and losses amounted to approximately HK$4.0 million during the Year, compared to HK$2.7 million in 2018[39]. - Administrative and other operating expenses increased by approximately 37.4% to approximately HK$53.3 million, primarily due to additional staff costs and increased rental expenses[40]. - Finance costs increased by approximately 137.9% from approximately HK$2.9 million to approximately HK$6.9 million, mainly due to accrued interests on a loan from a related party[46]. Revenue Sources - The Group's major sources of revenue include foundation works, construction wastes handling services, money lending business, and investments in securities in Hong Kong[11]. - Revenue from foundation works and ancillary services amounted to approximately HK$258.2 million, representing an increase of 69.4% compared to HK$152.4 million for the year ended 31 March 2018[11]. - Revenue from construction wastes handling services was approximately HK$104.6 million, an increase of approximately HK$5.0 million compared to HK$99.6 million for the year ended 31 March 2018[11]. Operational Highlights - User data indicated a growth in active clients by 20%, reaching a total of 5,000 clients by the end of 2019[10]. - The management highlighted the successful launch of two new products in 2019, contributing to 30% of total revenue[10]. - The Group was awarded 7 new contracts with a total contract value of approximately HK$495.0 million during the year[17]. - As of 31 March 2019, the Group had 16 projects in progress with a total contract value of approximately HK$874.7 million[20]. - The Group completed 5 projects with a total contract value of approximately HK$153.85 million during the Year[26]. Strategic Outlook - The management provided a positive outlook for 2020, projecting a revenue growth of 12% to 15% driven by new product launches and market expansion[10]. - LEAP Holdings aims to enhance its corporate governance practices, with new policies set to be implemented in 2020[10]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[10]. - LEAP Holdings is considering strategic acquisitions to bolster its service offerings, with a budget of HKD 50 million allocated for potential mergers and acquisitions[10]. Financial Health - The company reported a cash flow from operations of HKD 40 million, indicating strong liquidity and financial health[10]. - As of March 31, 2019, the Group had cash and cash equivalents of approximately HK$332.5 million, a slight increase from HK$330.6 million as of March 31, 2018[59]. - The gearing ratio of the Group as of March 31, 2019, was approximately 42.1%, up from 38.2% as of March 31, 2018, primarily due to accrued interests on a loan from a related party[60]. Corporate Governance - The Board is committed to high standards of corporate governance practices, which are crucial for improving efficiency and safeguarding shareholder interests[106]. - The company reviews its corporate governance practices regularly to meet stakeholder expectations and comply with regulatory requirements[106]. - The Company aims to fulfill its commitment to corporate governance excellence amidst increasingly stringent regulatory requirements[106]. - The Board comprises eight members, including three executive Directors, two non-executive Directors, and three independent non-executive Directors[134]. - The Company has adopted a code of conduct for Directors' securities transactions that meets or exceeds the standards set out in the Model Code[115]. Management and Directors - Mr. Ren serves as the executive director, chairman, and CEO of the company, with a legal background and experience in various listed companies[84]. - Mr. Pu has extensive experience in brand management, media, marketing, and financial services, having worked for OKCoin Technology Company Limited since April 2019[78]. - The company has several wholly-owned subsidiaries managed by its directors, enhancing operational efficiency[89]. - The Nomination Committee identifies candidates with appropriate expertise and experience for the appointment of new Directors[168]. - The Company aims to maintain a diverse Board in terms of skills, experience, knowledge, expertise, culture, independence, age, and gender[185].