香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 之 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 對 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 | | | | | | | | | | | | | | | | | 二 | 零 | 二 五 | 二 | 零 | 二 四 年 | | | | | | 年 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | | | | | | | | 附 | | | 千 港 | | | 千 港 元 | | | | | 註 ...

Yuk Wing Group Holdings Limited 煜榮集團控股有限公司 (Incorporated in the Cayman Islands with Iimited liability)（於同曼群島註冊成立的有限公司) Stock Code 股份代號 : 1536 O INTERIM 最告 CONTENTS 目錄 2 Corporate Information 公司資料 4 Condensed Consolidated Statement of 簡明綜合損益及其他全面收益表 Profit or Loss and Other Comprehensive Income 6 Condensed Consolidated Statement of 簡明綜合財務狀況表 Financial Position 8 Condensed Consolidated Statement of 簡明綜合權益變動表 Changes in Equity 10 Condensed Consolidated Statement of Cash Flows 簡明綜合現金流量表 12 Notes to the Condense ...

Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 104,620,000, an increase from HKD 67,139,000 in the same period last year, representing a growth of approximately 55.7%[1] - Gross profit for the same period was HKD 25,034,000, compared to HKD 16,494,000 in the previous year, indicating a year-over-year increase of about 51.6%[1] - The company recorded a net profit of HKD 6,264,000 for the six months ended September 30, 2024, recovering from a loss of HKD 6,972,000 in the same period last year[1] - Total comprehensive income for the period was HKD 7,032,000, down from HKD 9,974,000 in the previous year, reflecting a decrease of approximately 29.5%[4] - Basic earnings per share for the period was HKD 1.33, compared to a loss per share of HKD 1.46 in the same period last year[6] - The group reported revenue of HKD 104,620,000 for the six months ended September 30, 2024, compared to HKD 67,139,000 for the same period in 2023, representing a growth of approximately 56%[19] - The group achieved a segment profit of HKD 25,034,000 for the six months ended September 30, 2024, compared to HKD 16,494,000 for the same period in 2023, indicating an increase of approximately 51%[19] - The pre-tax profit for the six months ended September 30, 2024, was HKD 79,586,000, compared to HKD 50,645,000 for the same period in 2023, reflecting an increase of approximately 56.9%[28] - The group’s net profit for the reporting period was approximately HKD 6.3 million, compared to a net loss of approximately HKD 7.0 million in the previous period[50] Revenue Sources - Revenue from the manufacturing and trading of rock drilling tools was HKD 102,949,000, while revenue from the trading of rock drilling equipment was HKD 1,671,000[17] - Revenue from external customers for the six months ended September 30, 2024, was HKD 104,620,000, compared to HKD 67,139,000 for the same period in 2023, representing a growth of approximately 55.7%[22] - The revenue generated in Hong Kong during the reporting period was approximately HKD 95.0 million, accounting for about 90.8% of total revenue[41] - The revenue from the Macau market increased to approximately HKD 1.2 million, representing about 1.2% of total revenue[41] - The manufacturing and trading of down-the-hole drilling tools accounted for approximately 98.4% of total revenue during the reporting period[42] Expenses and Costs - Administrative expenses for the period were HKD 18,094,000, compared to HKD 17,894,000 in the previous year, showing a slight increase[1] - Sales and distribution expenses increased by approximately HKD 2.1 million or 54.3% to about HKD 6.1 million due to increased business activities[47] - Administrative expenses rose by approximately HKD 0.2 million or 1.1% to about HKD 18.1 million, mainly due to increased rental and maintenance costs[49] - The total finance costs for the six months ended September 30, 2024, were HKD 691,000, compared to HKD 864,000 for the same period in 2023, indicating a decrease of approximately 20%[26] Assets and Liabilities - The company's total assets as of September 30, 2024, were HKD 165,884,000, an increase from HKD 160,017,000 as of March 31, 2024[8] - The net value of current assets was HKD 151,652,000, compared to HKD 144,355,000 in the previous reporting period[8] - Trade receivables as of September 30, 2024, totaled HKD 44,728,000, a decrease from HKD 53,284,000 as of March 31, 2024, indicating improved collection efficiency[36] - The company’s total liabilities decreased from HKD 864,000,000 in the previous year to HKD 691,000,000, showing a reduction of approximately 20%[26] - The asset-to-liability ratio decreased to approximately 13.4% as of September 30, 2024, down from 21.9% as of March 31, 2024, primarily due to a reduction in bank borrowings[56] Future Outlook - The company has not disclosed specific future outlook or guidance in the provided content[1] - The company anticipates continued growth in revenue and profitability driven by its core business operations in rock drilling tools and equipment[19] - The group maintains a cautiously optimistic outlook for the construction market and its business in Hong Kong and internationally[52] - The group plans to continue capturing opportunities in the Hong Kong, Macau, and overseas markets[52] Corporate Governance and Compliance - The company maintains a high level of corporate governance to enhance shareholder value and protect their interests[74] - The Audit and Compliance Committee has reviewed the unaudited condensed consolidated financial statements for the reporting period and believes that the company has adopted appropriate accounting policies[79] - The Audit and Compliance Committee consists of three members, all of whom are independent non-executive directors[79] Share Capital and Dividends - The issued share capital of the company was HKD 38 million as of September 30, 2024, with a total of 380 million ordinary shares issued[57] - Following the completion of a placement on October 30, 2024, the total number of ordinary shares increased to 456 million[57] - The company did not recommend an interim dividend for the six months ended September 30, 2024, consistent with the previous year[33] - The board does not recommend the distribution of an interim dividend for the reporting period[72] Employment and Workforce - As of September 30, 2024, the group employed 91 employees, an increase from 87 employees as of September 30, 2023[71] Financial Position - The group maintained a satisfactory financial and liquidity position, ensuring sufficient funds to meet working capital requirements[61] - The company had no major investments, acquisitions, or disposals during the reporting period[65] - The company reported no significant contingent liabilities as of September 30, 2024[62] - The net proceeds from the placement completed on October 30, 2024, amounted to approximately HKD 6.14 million after deducting related costs[69] - The company's legal share capital was approved to increase from HKD 50 million to HKD 2 billion on November 15, 2024[70]

CONTENTS 目錄 | 2 | Corporate Information | 公司資料 | | --- | --- | --- | | 4 | Letter from the Board | 董事會函件 | | 5 | Management Discussion and Analysis | 管理層討論及分析 | | 13 | Corporate Governance Report | 企業管治報告 | | 33 | Biographies of Directors and Senior Management | 董事及高級管理層履歷 | | 36 | Directors' Report | 董事報告 | | 49 | Independent Auditor's Report | 獨立核數師報告 | | 56 | Consolidated Statement of Profit or Loss and | 綜合損益及其他全面收益表 | | | Other Comprehensive Income | | | 57 | Consolidated Statement of Financial Positio ...

Financial Performance - The total revenue for the fiscal year ending March 31, 2024, was HKD 148,231,000, a decrease of 5.8% compared to HKD 157,048,000 for the previous year[2]. - Gross profit for the same period was HKD 34,146,000, down 21% from HKD 43,418,000 year-over-year[2]. - The net loss for the fiscal year was HKD 22,561,000, compared to a net loss of HKD 3,576,000 in the previous year, indicating a significant increase in losses[3]. - Basic loss per share for the year was HKD 4.91, compared to HKD 0.92 in the prior year, reflecting a substantial decline in profitability[2]. - Other income for the fiscal year was HKD 3,526,000, down from HKD 4,253,000 in the previous year, showing a decrease of approximately 17%[2]. - Total comprehensive loss for the year was HKD 25,056,000, compared to HKD 8,436,000 in the previous year, highlighting a worsening financial position[3]. - The operating loss before tax for the fiscal year ending March 31, 2024, was HKD 21,328,000, compared to a loss of HKD 6,516,000 in the previous year, indicating a significant increase in losses[20][22]. - The company reported a total of HKD 33,915,000 in segment profit for the fiscal year ending March 31, 2024, down from HKD 41,220,000 the previous year, reflecting a decrease of about 17.7%[20][22]. - The company reported a net loss of HKD 49,295,000 for the fiscal year ending March 31, 2024, compared to a net loss of HKD 48,800,000 in the previous year, indicating a slight increase in losses[20][22]. - The pre-tax loss for the year 2024 was HKD 18,674,000, compared to a loss of HKD 3,504,000 in 2023, indicating a significant increase in losses[37]. Revenue Breakdown - The revenue breakdown indicates that the group primarily engages in the manufacturing and trading of rock drilling tools and piling machines, contributing significantly to overall earnings[13]. - Revenue from external customers for the year ended March 31, 2024, was HKD 148,231,000, compared to HKD 157,048,000 for the previous year, representing a decrease of approximately 5.2%[28]. - Revenue from the sale of drilling tools accounted for approximately 92.1% of total revenue, down from 93.3% in the previous year[48]. - Revenue from the sale of piling machines and drilling equipment accounted for approximately 7.9% of total revenue, up from 6.7% in the previous year[49]. - Revenue from the Hong Kong market was approximately HKD 142.6 million, accounting for 96.2% of total revenue, down from HKD 149.5 million or 95.2% in the previous year[46]. - The group experienced a significant reduction in revenue from the Hong Kong market, which fell from HKD 149,450,000 to HKD 142,629,000, a decline of about 4.1%[28]. - Revenue from the Chinese market was reported at HKD 10,872,000, a notable increase from HKD 13,803,000 in the previous year, indicating growth potential in this region[28]. - Major customer A contributed HKD 34,590,000 to the group's revenue, while major customer C contributed HKD 35,518,000, indicating significant reliance on a few key clients[29]. - The top five customers accounted for approximately HKD 81.9 million in revenue, representing about 55.2% of total revenue, compared to 63.1% in the previous year[67]. Assets and Liabilities - Total assets decreased from HKD 187,164 million in 2023 to HKD 160,017 million in 2024, representing a decline of approximately 14.5%[5]. - Current assets increased from HKD 213,139 million in 2023 to HKD 186,074 million in 2024, a decrease of about 12.7%[5]. - Cash and cash equivalents decreased from HKD 65,969 million in 2023 to HKD 46,616 million in 2024, a decline of approximately 29.4%[5]. - Total liabilities decreased from HKD 43,941 million in 2023 to HKD 41,719 million in 2024, a reduction of about 5.0%[5]. - Shareholders' equity decreased from HKD 177,869 million in 2023 to HKD 152,813 million in 2024, representing a decline of approximately 14.1%[5]. - The company’s total current liabilities increased from HKD 9,263 million in 2023 to HKD 12,489 million in 2024, an increase of approximately 34.5%[5]. - The company’s total liabilities increased from HKD 114,085,000 in 2023 to HKD 113,630,000 in 2024, reflecting a slight decrease of about 0.4%[33]. - The asset-to-liability ratio of the group was approximately 21.9% as of March 31, 2024, a decrease from 22.4% as of March 31, 2023, primarily due to a reduction in bank and other borrowings[63]. Expenses and Costs - Administrative expenses increased to HKD 40,249,000 from HKD 39,772,000, indicating a rise of about 1.2%[2]. - Total employee costs decreased from HKD 29,673,000 in 2023 to HKD 26,441,000 in 2024, reflecting a reduction of approximately 7.5%[33]. - The company incurred financing costs of HKD 1,189,000 for the fiscal year ending March 31, 2024, compared to HKD 1,035,000 in the previous year, indicating an increase of about 14.9%[20][22]. - The company reported a significant increase in depreciation expenses from HKD 1,500,000 in 2023 to HKD 2,010,000 in 2024, an increase of about 34%[33]. - The depreciation of property and equipment amounted to HKD 667,000 for the year, highlighting ongoing capital expenditures[25]. Future Outlook and Strategy - The company plans to focus on new product development and market expansion strategies to improve future performance[2]. - The group is focusing on expanding its market presence and enhancing product offerings to mitigate revenue declines in key regions[28]. - The group continues to adopt a cautious outlook on the construction market and its business prospects in Hong Kong due to an uncertain economic environment[59]. - The group plans to continue expanding into international markets, expecting an increase in revenue from international customers[59]. Governance and Compliance - The company has established an Audit and Compliance Committee consisting of three independent non-executive directors[80]. - The company will review its corporate governance practices to ensure compliance with listing rules and protect shareholder interests[80]. - The company has not made any necessary amendments to its management structure as no suitable candidates have been identified[80]. - The annual general meeting will be held on August 14, 2024, with a suspension of share registration from August 8 to August 14, 2024[85]. Miscellaneous - The company did not declare or recommend any dividends for both reporting periods, maintaining a focus on reinvestment[38]. - There were no significant investments, acquisitions, or disposals of subsidiaries during the year[72]. - The company has not bought, sold, or redeemed any of its listed securities during the year[77]. - There are no significant events affecting the group after the reporting period[79]. - The group has no significant contingent liabilities as of March 31, 2024[68].

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15%[9] - Revenue for the six months ended September 30, 2023, was HK$67,139,000, a decrease of 24% compared to HK$88,409,000 in the same period of 2022[17] - Gross profit for the same period was HK$16,494,000, down 32% from HK$24,238,000 year-over-year[17] - Loss before tax increased to HK$6,518,000, compared to a loss of HK$550,000 in the prior year[17] - The company reported a total comprehensive expense of HK$9,974,000 for the period, compared to HK$5,457,000 in the previous year[19] - Basic loss per share was HK$1.46, compared to earnings of HK$0.62 per share in the same period last year[19] - The Group recorded a net loss of approximately HK$7.0 million for the Reporting Period, compared to a net profit of approximately HK$3.0 million for the six months ended September 30, 2022[150] Cash Flow and Liquidity - The company maintains a strong cash flow position, with cash reserves reported at $10 million as of September 30, 2023[9] - Cash generated from operations amounted to HK$9,914,000, an increase from HK$8,597,000 in the previous year[28] - As of September 30, 2023, cash and cash equivalents were HK$56,558,000, down from HK$78,572,000 at the end of the previous period[30] - The Group's total cash and cash equivalents amounted to approximately HK$56.6 million as of September 30, 2023[157] - The Group had no bank borrowing as of 30 September 2023, compared to approximately HK$13.2 million in bank borrowings as of 31 March 2023[158] - The Group has maintained a reasonable liquidity buffer to meet liquidity requirements at all times[166] Market and Growth Outlook - Future outlook remains positive, with management guiding for a revenue growth of 10-15% for the next fiscal year[9] - New product launches are expected to contribute an additional 5% to revenue in the upcoming quarters[9] - The company is exploring market expansion opportunities in Southeast Asia, targeting a 25% increase in market share by 2025[9] - The Group anticipates that market conditions in Hong Kong and internationally will remain stagnant for the remainder of the year[151] Assets and Liabilities - Non-current assets decreased from HK$17,966,000 as of March 31, 2023, to HK$15,572,000 as of September 30, 2023[21] - Current assets also declined from HK$213,139,000 to HK$188,370,000 during the same period[21] - Total liabilities decreased from HK$177,869,000 to HK$167,895,000[23] - Equity attributable to owners of the company decreased from HK$142,713,000 to HK$135,576,000[23] Accounting and Compliance - The condensed consolidated financial statements for the six months ended 30 September 2023 have been prepared in accordance with Hong Kong Accounting Standard 34, ensuring compliance with applicable disclosure requirements[33] - The Group has applied new amendments to HKFRSs, including HKFRS 17 and amendments to HKAS 8 and HKAS 12, effective from 1 April 2023, with no material impact on financial positions and performance[36][41] - The Group's financial reporting adheres to the applicable standards set by the HKICPA, ensuring transparency and accuracy in financial disclosures[33][40] Revenue Breakdown - For the six months ended September 30, 2023, the Group's revenue from DTH rockdrilling tools was HK$61,099,000, a decrease of 26.4% compared to HK$82,937,000 in the same period of 2022[64] - Revenue from trading of piling and drilling machineries was HK$0, down from HK$1,005,000 in the previous year, indicating a complete cessation of this segment's activity[64] - Revenue from trading of rockdrilling equipment increased to HK$6,040,000, up 35.2% from HK$4,467,000 in the prior period[64] - The geographical breakdown of revenue showed a significant decline in sales from Hong Kong, which fell to HK$64,912,000 from HK$84,373,000, a decrease of 23%[82] Expenses and Costs - Cost management strategies have been implemented, aiming for a 5% reduction in operational expenses by the end of the fiscal year[9] - Selling and distribution expenses decreased by approximately HK$1.6 million, or 28.2%, to approximately HK$4.0 million for the Reporting Period, from approximately HK$5.5 million for the six months ended September 30, 2022[143] - Finance costs increased to HK$864,000 from HK$679,000, representing a rise of 27%[74][86] Employee and Management - Key management personnel compensation increased to HK$4.465 million for the six months ended 30 September 2023, compared to HK$3.787 million in the same period of 2022[131] - The Group employed 87 employees as of September 30, 2023, an increase from 82 employees as of September 30, 2022[180] Corporate Governance - The company has adopted and complied with the corporate governance code as per the Hong Kong Stock Exchange Listing Rules, except for the separation of the roles of Chairman and CEO[190] - The Audit and Compliance Committee reviewed the unaudited condensed consolidated financial statements and confirmed the adoption of applicable accounting policies[194]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不對 因本公告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損 失承擔任何責任。 截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月 之 中 期 業 績 公 告 煜榮集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本 公司及其附屬公司（統稱「本集團」）截至二零二三年九月三十日止六個月（「報 告期間」）的未經審核綜合中期業績，連同二零二二年同期的比較數字如下： 簡明綜合損益及其他全面收益表 截至二零二三年九月三十日止六個月 截至九月三十日止六個月 二零二三年 二零二二年 附註 千港元 千港元 （未經審核） （未經審核） 收益 3 67,139 88,409 銷售成本 (50,645) (64,171) 毛利 16,494 24,238 ...

Financial Performance - For the year ended March 31, 2023, the Group's revenue was approximately HK$157.0 million, an increase of 10.4% from HK$141.7 million in 2022[10]. - The Group recorded a net loss of approximately HK$3.6 million for the year, compared to a net loss of approximately HK$1.5 million in the previous year, primarily due to increased fair value losses and impairment losses[11]. - Gross profit for the year ended 31 March 2023 was approximately HK$43.4 million, an increase of approximately HK$3.8 million or 9.6% from approximately HK$39.6 million for the year ended 31 March 2022[36][29]. - The gross profit margin for the year was approximately 27.6%, slightly down from approximately 27.9% for the year ended 31 March 2022[36]. - Other gains for the year were approximately HK$0.5 million, down from approximately HK$2.4 million for the year ended 31 March 2022, primarily due to increased fair value losses on financial assets[37]. Revenue Breakdown - Revenue from Hong Kong contributed approximately HK$149.5 million, accounting for about 95.2% of total revenue, up from 90.9% in 2022[19]. - Revenue from the Scandinavian market increased to approximately HK$5.2 million, representing about 3.3% of total revenue, compared to 1.7% in 2022[20]. - Revenue from the manufacturing and trading of DTH rockdrilling tools accounted for approximately 93.3% of total revenue for the year, up from approximately 82.1% in the previous year[24][27]. - The Group did not generate any revenue from the trading of piling and drilling machineries during the year, which accounted for approximately 7.1% of total revenue in the previous year[25][28]. Expenses and Losses - Selling and distribution expenses rose by approximately HK$2.1 million or 27.9% to approximately HK$9.5 million, primarily due to increased freight, transportation, and storage costs[45]. - Administrative expenses increased by approximately HK$4.0 million or 11.1% to approximately HK$39.8 million, mainly due to higher staff costs[46]. - Fair value loss in financial assets at fair value through profit or loss increased to approximately HK$1.7 million, compared to a gain of approximately HK$1.6 million in 2022[18]. - Impairment loss of trade receivables rose to approximately HK$4.3 million, up from approximately HK$0.8 million in the previous year[18]. - Impairment losses under the expected credit loss model increased to approximately HK$4.3 million for the year, compared to approximately HK$0.8 million in the previous year[26][29]. Cash and Borrowings - As of March 31, 2023, the group's total cash and cash equivalents amounted to approximately HK$66.0 million, an increase from approximately HK$64.6 million the previous year[55]. - The group's gearing ratio increased to approximately 22.4% as of March 31, 2023, up from 17.7% the previous year, mainly due to increased bank borrowings[57]. - The group had bank borrowings of approximately HK$13.2 million as of March 31, 2023, compared to nil the previous year[56]. - The net proceeds from the public offer were approximately HK$88.3 million, fully utilized by March 31, 2023[76][83]. - The Group invested HK$50.4 million in a new manufacturing facility, with no unused amounts remaining[86]. Workforce and Operations - The Group increased its workforce to approximately 87 employees as of March 31, 2023, up from approximately 80 employees a year earlier[87]. - The Group maintains a reasonable liquidity buffer to meet liquidity requirements at all times[74]. - The Group's operations are primarily in Hong Kong and the PRC, with most transactions denominated in Hong Kong dollars and Renminbi, resulting in insignificant foreign exchange risk[75][79]. Corporate Governance - The corporate governance structure complies with the Listing Rules, although the roles of chairman and chief executive are not separated as per Code Provision C.2.1[90][91]. - The Board consists of two Executive Directors and three Independent Non-executive Directors, ensuring at least one-third independence[98]. - The Company complies with Listing Rules by having at least three Independent Non-executive Directors, with one possessing professional qualifications in finance management[100]. - All Independent Non-executive Directors confirmed their independence, ensuring no material relationships among Board members[101]. - The Board has delegated responsibilities to various committees, including the Audit and Compliance Committee, to enhance oversight and governance[107]. Risk Management - The Group's risk management and internal control systems are considered effective and adequate, with no significant compliance or financial risks identified[171][185]. - The Group has established an enterprise risk management framework following the COSO Integrated Framework to manage various risks effectively[178][179]. - The Board has conducted an annual review of the effectiveness of the risk management and internal control systems through discussions with the Audit and Compliance Committee[172]. - The Group's risk management framework includes identifying, assessing, prioritizing, and treating risks, including ESG-related risks[182]. - The effectiveness of the Group's risk management framework is evaluated at least annually, ensuring alignment with corporate goals[195].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不對 因本公告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損 失承擔任何責任。 截 至 二 零 二 三 年 三 月 三 十 一 日 止 年 度 之 年 度 業 績 公 告 煜榮集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本 公司及其附屬公司（統稱「本集團」）截至二零二三年三月三十一日止年度（「本 年度」）的經審核綜合業績，連同截至二零二二年三月三十一日止年度的 經審核比較數字如下： 綜合損益及其他全面收益表 截至二零二三年三月三十一日止年度 二零二三年 二零二二年 附註 千港元 千港元 收益 3 157,048 141,748 銷售成本 (113,630) (102,147) 毛利 43,418 39,601 其他收入 4,253 1,724 預期信貸虧損模式項下的減值虧損淨額 (4,307) (762) 其他收益及虧損 450 2,439 ...

Financial Performance - The condensed consolidated financial statements for the six-month period ended September 30, 2022, were reviewed and found to be in compliance with HKAS 34[9]. - The company reported a significant increase in revenue, with a year-on-year growth of 15%[9]. - Revenue for the six months ended September 30, 2022, increased to HK$88,409,000, up 9.1% from HK$81,088,000 in the same period of 2021[17]. - Gross profit for the period was HK$24,238,000, representing a 34.5% increase compared to HK$17,991,000 in the previous year[17]. - Profit for the period attributable to owners of the Company was HK$2,368,000, compared to HK$594,000 in the same period of 2021[19]. - The total comprehensive income for the period was a loss of HK$3,148,000, impacted by an exchange difference of HK$5,516,000 from foreign operations[24]. - The company reported a profit attributable to owners of HK$2,368,000 for the six months ended 30 September 2022, compared to HK$594,000 for the same period in 2021, representing a significant increase of approximately 299%[72]. - The Group recorded a net profit of approximately HK$3.0 million for the Reporting Period, a turnaround from a net loss of approximately HK$0.7 million for the six months ended 30 September 2021[125]. Cash Flow and Financial Position - The cash flow statement indicates a healthy cash position, with net cash inflow of HKD 2 million during the reporting period[9]. - The company's cash and cash equivalents at the end of the period amounted to HK$78,572,000, a decrease from HK$86,729,000 at the end of the previous period[28]. - Net cash generated from operating activities was HK$9,390,000, a substantial increase from HK$692,000 in the prior year[28]. - The company raised HK$13,870,000 in bank borrowings during the financing activities, compared to no borrowings in the previous period[28]. - The Group's total cash and cash equivalents amounted to approximately HK$78.6 million, an increase from approximately HK$64.6 million as of 31 March 2022[133]. - The gearing ratio increased to approximately 25.3% as of 30 September 2022, up from approximately 17.7% as of 31 March 2022[135]. - The Group's bank borrowing was approximately HK$13.9 million with variable interest rates, repayable within one year, and had no bank borrowings as of 31 March 2022[134]. Market and Growth Outlook - Future outlook remains positive, with management guiding for a revenue growth of 10-15% for the next fiscal year[9]. - The company plans to launch two new products in the next quarter, aiming to capture a larger market share[195]. - Future outlook includes a projected revenue growth of 25% for the next fiscal year[195]. - The company is exploring potential acquisitions to enhance its product offerings and market presence[195]. - Market expansion plans include entering two new regions in Asia, projected to contribute an additional HKD 3 million in revenue[9]. - The company is exploring potential acquisitions to enhance its market position, with a focus on companies in the technology sector[9]. - The company is cautiously optimistic about the future of the construction market in Hong Kong and internationally, aiming to capture business opportunities in Hong Kong, Macau, and overseas markets[128]. Operational Performance - User data showed an increase in active users by 20% compared to the previous period, indicating strong market engagement[9]. - User data indicated a growth in active users by 15%, reaching a total of 1.2 million[195]. - The company is investing in new product development, with a budget allocation of approximately HKD 5 million for R&D initiatives[9]. - Investment in new technology development increased by 10% to support innovation[195]. - A new marketing strategy has been implemented, aiming to increase brand awareness by 25% over the next year[9]. - The Group's revenue increased by approximately HK$7.3 million, or 9.0%, to approximately HK$88.4 million for the Reporting Period, compared to approximately HK$81.1 million for the six months ended 30 September 2021[115]. Assets and Liabilities - The company has maintained a strong balance sheet, with total assets increasing by 12% to HKD 50 million[9]. - Current assets as of September 30, 2022, totaled HK$233,875,000, an increase from HK$207,294,000 as of March 31, 2022[21]. - Inventories rose to HK$72,438,000 from HK$55,740,000, indicating a 30% increase[21]. - Trade and other receivables increased to HK$62,284,000 from HK$59,971,000[21]. - Non-current assets decreased to HK$24,159,000 from HK$25,502,000[21]. - Total assets less current liabilities amounted to HK$190,892,000, down from HK$197,346,000[22]. - The allowance for credit losses on trade receivables was HK$4,210,000, compared to HK$3,237,000 as of 31 March 2022[80]. Corporate Governance - The Company is focused on maintaining high levels of corporate governance to enhance shareholder value and protect their interests[168]. - The Board will periodically review the Company's corporate governance practices to comply with Listing Rules and safeguard shareholders' interests[169]. - The Audit and Compliance Committee consists of three Independent Non-executive Directors, with Mr. Yiu To Wa as the chairman[173]. - All existing Directors confirmed compliance with the Model Code for Securities Transactions throughout the Reporting Period[167]. Shareholder Information - Colour Shine holds 188,192,000 shares, representing 49.52% of the total issued share capital of the company[184]. - Mr. He Xiaoming, as the controlling shareholder, also holds 49.52% of the shares through Colour Shine[184]. - Mr. Huang Shixin owns 27,304,000 shares, accounting for 7.19% of the total issued share capital[184]. - Mr. Chan Leung Choi holds 19,188,000 shares, which is 5.05% of the total issued share capital[184]. - As of September 30, 2022, no other persons or entities were reported to have interests or short positions in the shares of the company[185].