近一年新大洲本田摩托(苏州)有限公司摩托车产销情况统计图 数据来源：中国汽车工业(摩托车)产销快讯，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 上市公司：钱江摩托（000913），信隆健康（002105），征和工业（003033），久祺股份（300994）， 林海股份（600099），上海凤凰（600679），中路股份（600818），力帆科技（601777），春风动力 （603129），爱玛科技（603529），隆鑫通用（603766），永安行（603776），新日股份（603787）， 绿通科技（301322），涛涛车业（301345），华洋赛车（834058） 相关报告：智研咨询发布的《2025-2031年中国摩托车行业市场专项调研及投资前景研究报告》 根据中国汽车工业(摩托车)产销快讯数据显示：2025年6月新大洲本田摩托(苏州)有限公司摩托车产量为 97906辆，同比增长48. ...

Group 1 - The company announced that its non-executive director, Mr. Wang Junwen, has submitted his resignation letter to the board on July 31, 2025 [1] - Mr. Wang will officially resign from his position as a non-executive director effective August 31, 2025, to focus more on personal matters [1]

域高国际控股(01621)发布公告，董事会已于2025年7月31日接获公司非执行董事王俊文先生的辞职信。 王先生因希望将更多时间投放于个人事务，故将自2025年8月31日起辞任公司非执行董事。 ...

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的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Vico International Holdings Limited 域高國際控股有限公司 非執行董事辭任 域 高 國 際 控 股 有 限 公 司（「本公司」）董 事 會（「董事會」）已 於 二 零 二 五 年 七 月 三 十 一 日 接 獲 本 公 司 非 執 行 董 事 王 俊 文 先 生（「王先生」）的 辭 職 信。王 先 生 因 希 望 將 更 多 時 間 投 放 於 個 人 事 務，故 將 自 二 零 二 五 年 八 月 三 十 一 日 起 辭 任 本 公 司 非 執 行 董事。 王 先 生 已 確 認，彼 與 董 事 會 並 無 意 見 分 歧，亦 無 任 何 有 關 其 辭 任 之 事 宜 須 提 請 本公司股東或香港聯合交易所有限公司垂注。 董事會謹此對王先生於任期內對本公司發展所作的寶貴貢獻致以衷心感謝。 承董事會命 域高國際控股有限公司 主席兼執行董事 許沛盛 香港，二零二五年八月 ...

Core Viewpoint - As of July 18, 160 stocks reached their 52-week highs, with notable performances from China New Economy Investment (00080), Aoyuan Group Equity (02905), and Zhong An Holdings Group (08462) showing high growth rates of 288.89%, 55.28%, and 50.00% respectively [1][2]. Summary by Category 52-Week High Performers - China New Economy Investment (00080) closed at 0.440, with a peak price of 0.700, achieving a growth rate of 288.89% [2]. - Aoyuan Group Equity (02905) closed at 0.218, with a peak price of 0.250, achieving a growth rate of 55.28% [2]. - Zhong An Holdings Group (08462) closed at 0.221, with a peak price of 0.228, achieving a growth rate of 50.00% [2]. - Other notable performers include Hualian International (00969) with a growth rate of 40.13% and Zhongke Bio (01237) with a growth rate of 37.25% [2]. Additional High Performers - Wanma Holdings (06928) closed at 0.550 with a growth rate of 30.43% [2]. - Lepu Biopharma-B (02157) closed at 7.940 with a growth rate of 24.54% [2]. - Other stocks with significant growth include ZhiJianYueDong (06860) at 17.14% and China Jindian Group (08281) at 17.12% [2]. 52-Week Low Performers - The document also lists stocks that reached their 52-week lows, with XI Ernan CO-U (09311) showing a decline of 16.10% [6]. - Other notable declines include XI Ernan CO (07311) at -12.62% and Haotian International Construction Investment (01341) at -5.70% [6].

CONTENTS 目錄 | CORPORATE INFORMATION | 公司資料 | 2 | | --- | --- | --- | | STATEMENT FROM THE CHAIRMAN | 主席報告書 | 4 | | MANAGEMENT DISCUSSION AND ANALYSIS | 管理層討論及分析 | 6 | | BIOGRAPHICAL DETAILS OF DIRECTORS AND SENIOR MANAGEMENT | 董事及高級管理層履歷詳情 | 14 | | ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT | 環境、社會及管治報告 | 22 | | CORPORATE GOVERNANCE REPORT | 企業管治報告 | 68 | | DIRECTORS' REPORT | 董事會報告 | 97 | | INDEPENDENT AUDITOR'S REPORT | 獨立核數師報告 | 113 | | CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND | 綜合損益及其他全面收益表 | 120 | ...

[Financial Highlights and Results Announcement](index=1&type=section&id=Financial%20Highlights%20and%20Results%20Announcement) [Financial Highlights](index=1&type=section&id=Financial%20Highlights) For the fiscal year ended March 31, 2025, the company's revenue, gross profit, and net profit all declined year-over-year, primarily due to falling oil prices FY2025 Results Summary | Indicator | Year Ended March 31, 2025 | Year Ended March 31, 2024 | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | HK$1,544.8 million | HK$1,595.1 million | -3.2% | | Gross Profit | HK$45.9 million | HK$48.3 million | -5.0% | | Net Profit | HK$12.3 million | HK$16.9 million | -27.1% | - The Board of Directors does not recommend the payment of a final dividend for the year ended March 31, 2025[4](index=4&type=chunk) [Consolidated Financial Statements](index=2&type=section&id=Consolidated%20Financial%20Statements) [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) During the reporting period, revenue was HK$1.545 billion, a year-over-year decrease of 3.2%, while profit before tax and net profit for the year also declined significantly Key Data from Consolidated Statement of Profit or Loss (HK$ thousands) | Item | 2025 | 2024 | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | 1,544,763 | 1,595,083 | -3.2% | | Gross Profit | 45,912 | 48,339 | -5.0% | | Profit Before Tax | 15,422 | 21,336 | -27.7% | | Profit for the Year | 12,346 | 16,933 | -27.1% | | Basic Earnings Per Share (HK cents) | 1.23 | 1.69 | -27.2% | [Consolidated Statement of Financial Position](index=3&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of March 31, 2025, the company's net assets grew by 5.6% to HK$232 million, with improved liquidity as net current assets increased to HK$109 million Key Data from Consolidated Statement of Financial Position (HK$ thousands) | Item | 2025 | 2024 | Change | | :--- | :--- | :--- | :--- | | Non-current Assets | 128,964 | 131,193 | -1.7% | | Current Assets | 158,323 | 141,977 | +11.5% | | Current Liabilities | 48,967 | 49,772 | -1.6% | | Non-current Liabilities | 5,951 | 3,375 | +76.3% | | **Net Assets (Total Equity)** | **232,369** | **220,023** | **+5.6%** | [Notes to the Consolidated Financial Statements](index=4&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements) [General Information and Accounting Policies](index=4&type=section&id=General%20Information%20and%20Accounting%20Policies) The company is an investment holding company primarily engaged in selling diesel oil and providing fleet card services, with newly adopted accounting standards having no material impact - The Group is principally engaged in the sale of diesel oil, lubricant oil, and other products, as well as the provision of fleet card services[8](index=8&type=chunk) - During the year, the Group adopted several revised Hong Kong Financial Reporting Standards issued by the HKICPA, which had **no material impact** on the consolidated financial statements[10](index=10&type=chunk)[12](index=12&type=chunk) [Revenue and Segment Information](index=7&type=section&id=Revenue%20and%20Segment%20Information) The company's revenue is dominated by diesel sales in Hong Kong, which constitute 95.1% of the total, and exhibits a high degree of customer concentration Revenue by Major Product (HK$ thousands) | Product/Service | 2025 | % of Total | 2024 | % of Total | | :--- | :--- | :--- | :--- | :--- | | Sale of diesel oil | 1,468,987 | 95.1% | 1,511,507 | 94.8% | | Provision of fleet card services | 30,985 | 2.0% | 33,475 | 2.1% | | Sale of lubricant oil | 39,319 | 2.5% | 44,427 | 2.8% | | Sale of other products | 5,472 | 0.4% | 5,674 | 0.3% | | **Total** | **1,544,763** | **100%** | **1,595,083** | **100%** | - Geographically, the vast majority of revenue, **99.7%**, is derived from Hong Kong[21](index=21&type=chunk) - Revenue from four major customers (A, B, C, and D) accounted for **66.3% of the Group's total revenue**, indicating a high level of customer concentration[22](index=22&type=chunk) [Key Profit or Loss Items](index=9&type=section&id=Key%20Profit%20or%20Loss%20Items) Other income, finance costs, and income tax expense all decreased year-over-year due to factors including reduced rental income and lower taxable profits Other Income, Finance Costs, and Income Tax Expense (HK$ thousands) | Item | 2025 | 2024 | Change | | :--- | :--- | :--- | :--- | | Other income | 1,739 | 2,806 | -38.0% | | Finance costs | (1,186) | (1,456) | -18.5% | | Income tax expense | (3,076) | (4,403) | -30.1% | [Earnings Per Share and Dividends](index=11&type=section&id=Earnings%20Per%20Share%20and%20Dividends) For the year ended March 31, 2025, basic and diluted earnings per share decreased to 1.23 HK cents, and the Board does not recommend a final dividend Calculation of Earnings Per Share | Item | 2025 | 2024 | | :--- | :--- | :--- | | Earnings (HK$ thousands) | 12,346 | 16,933 | | Weighted average number of ordinary shares (shares) | 1,000,000,000 | 1,000,000,000 | | **Basic and diluted earnings per share (HK cents)** | **1.23** | **1.69** | - The Board of Directors does not recommend the payment of a final dividend for the year ended March 31, 2025[28](index=28&type=chunk) [Key Balance Sheet Items](index=12&type=section&id=Key%20Balance%20Sheet%20Items) Net trade receivables decreased to HK$36.36 million, with a significant reduction in overdue amounts over 90 days, indicating improved collections Aging Analysis of Trade Receivables (Net of Impairment, HK$ thousands) | Aging | 2025 | 2024 | | :--- | :--- | :--- | | 0 to 30 days | 35,620 | 41,945 | | 31 to 60 days | 391 | 495 | | 61 to 90 days | 12 | 33 | | Over 90 days | 333 | 3,541 | | **Total** | **36,356** | **46,014** | - Trade payables increased from HK$275 thousand to **HK$509 thousand**, with the entire balance aged within 0 to 30 days[33](index=33&type=chunk) [Management Discussion and Analysis](index=14&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review and Outlook](index=14&type=section&id=Business%20Review%20and%20Outlook) The decline in FY2025 performance was mainly due to lower oil prices, and the company plans to pursue growth through overseas expansion and digital enhancement - The decrease in profit was primarily due to **falling oil prices**, which directly impacted revenue, leading to a significant decline in overall profitability[37](index=37&type=chunk) - Looking ahead, management maintains a cautiously optimistic outlook but notes adverse factors such as weak consumer sentiment, shelved public projects, and geopolitical uncertainties[38](index=38&type=chunk) - To pursue new growth, the Group is actively seeking opportunities to expand its lubricant business into selected overseas markets and will enhance its digital capabilities and sustainability efforts[39](index=39&type=chunk) [Financial Review](index=15&type=section&id=Financial%20Review) This section analyzes revenue and cost changes, where a 3.2% revenue drop due to oil prices, despite higher sales volumes, led to a 27.1% decline in net profit [Revenue Analysis](index=15&type=section&id=Revenue%20Analysis) Despite a 9.5% increase in diesel sales volume, revenue from this core segment fell by 2.8% due to lower oil prices, with other segments also seeing revenue declines - Diesel sales volume increased by approximately **9.5%** from 269.7 million liters to 295.3 million liters, but the corresponding revenue decreased by **2.8%** to HK$1,469 million due to falling oil prices[41](index=41&type=chunk) - Lubricant oil sales volume increased by approximately **17.6%** to 2.0 million liters, but the related revenue decreased by **11.5%** to HK$39.3 million[42](index=42&type=chunk) - Revenue generated from fleet card services decreased by **7.5%** to HK$31.0 million[43](index=43&type=chunk) [Cost, Gross Profit, and Expense Analysis](index=16&type=section&id=Cost,%20Gross%20Profit,%20and%20Expense%20Analysis) Cost of sales moved in line with revenue, maintaining a 3.0% gross margin, while increases in operating expenses were partially offset by lower finance costs - Cost of sales decreased by approximately **3.1%** year-on-year, largely in line with the revenue trend, and the gross profit margin remained stable at **3.0%**[46](index=46&type=chunk)[47](index=47&type=chunk) - Selling and distribution expenses increased by **13.6%** year-on-year, primarily due to an increase in commission expenses[48](index=48&type=chunk) - Administrative expenses increased by **8.9%** year-on-year, mainly due to changes in the impairment of trade and other receivables[49](index=49&type=chunk) - Finance costs decreased by **18.5%** year-on-year, mainly due to the progressive completion of finance lease agreements[50](index=50&type=chunk) [Profitability Analysis](index=18&type=section&id=Profitability%20Analysis) Net profit for the period decreased by 27.1% from HK$16.9 million to HK$12.3 million, with the net profit margin declining from 1.1% to 0.8% Changes in Profit and Net Profit Margin | Indicator | This Period | Corresponding Period | Change | | :--- | :--- | :--- | :--- | | Net Profit | Approx. HK$12.3 million | Approx. HK$16.9 million | -27.1% | | Net Profit Margin | 0.8% | 1.1% | -0.3pp | [Liquidity, Capital Resources, and Risk Management](index=19&type=section&id=Liquidity,%20Capital%20Resources,%20and%20Risk%20Management) The company maintains a solid liquidity position with improved ratios, a healthy gearing ratio of 23.6%, and minimal exposure to foreign exchange risk Key Financial Ratios | Indicator | As at March 31, 2025 | As at March 31, 2024 | | :--- | :--- | :--- | | Net Current Assets | HK$109.4 million | HK$92.2 million | | Current Ratio | 3.2 | 2.9 | | Gearing Ratio | 23.6% | 24.2% | - The Group primarily finances its operations through cash generated from operating activities, as well as interest-bearing bank borrowings and overdrafts[58](index=58&type=chunk) - The Group believes it has **no significant US dollar foreign exchange risk** and its operating cash flows are not subject to foreign exchange volatility[63](index=63&type=chunk) [Corporate Governance and Other Information](index=20&type=section&id=Corporate%20Governance%20and%20Other%20Information) [Corporate Governance and Compliance](index=20&type=section&id=Corporate%20Governance%20and%20Compliance) The company complied with the Corporate Governance Code during the reporting period, and the Audit Committee has reviewed the annual results - The Board believes that the Company has complied with all code provisions of the Corporate Governance Code during the period[65](index=65&type=chunk) - The Audit Committee has reviewed the Group's accounting principles, risk management, internal controls, and the consolidated annual results for the period[67](index=67&type=chunk) [Shareholder Information](index=18&type=section&id=Shareholder%20Information) The Board does not recommend a final dividend for the year ended March 31, 2025, and the Annual General Meeting is scheduled for September 10, 2025 - The Board does not recommend the payment of a final dividend for the year ended March 31, 2025 (2024: Nil)[55](index=55&type=chunk) - The Company plans to hold its 2025 Annual General Meeting on September 10, 2025[56](index=56&type=chunk)

Share Option Scheme - The total number of share options available for grant under the share option scheme as of April 1, 2023, and March 31, 2024, is 100 million shares each [3]. - The total number of shares that can be issued under the share option scheme is 100 million shares, representing 10% of the total issued shares as of the annual report date, excluding treasury shares [3].

Financial Performance - For the six months ended September 30, 2024, the company reported revenue of approximately HKD 810 million, an increase of 11.5% compared to the same period last year[11]. - Gross profit for the same period was HKD 24.4 million, representing a decrease of 16.7% year-on-year[11]. - Net profit decreased by 22.0% to HKD 9.6 million, primarily due to increased sales costs and reduced other income[11]. - The group's revenue for the period was approximately HKD 810,000,000, an increase of 11.5% compared to approximately HKD 726,700,000 in the corresponding period, driven by increased diesel demand and the recovery of cross-border land freight[19]. - Revenue for the six months ended September 30, 2024, was HKD 809,982,000, an increase from HKD 785,568,000 in the same period last year[81]. - The company reported a profit of HKD 9,616,000 for the six months ended September 30, 2024, down 21.8% from HKD 12,301,000 in the same period last year[136]. Revenue Breakdown - Revenue from diesel sales was approximately HKD 768,300,000 and HKD 685,300,000 for the current and corresponding periods, respectively, accounting for 94.9% and 94.3% of total revenue[20]. - Revenue from lubricating oil sales was approximately HKD 20,500,000 and HKD 22,100,000, representing 2.5% and 3.0% of total revenue for the current and corresponding periods[21]. - The revenue from fleet card services increased by approximately HKD 2,900,000 or 18.8% to approximately HKD 18,300,000 due to marketing activities stimulating customer spending[23]. - Diesel sales contributed HKD 768,280,000, up 12.1% from HKD 685,333,000 in the previous year[104]. - Fleet card services revenue increased to HKD 18,329,000, representing an 18.5% growth from HKD 15,443,000[104]. - Lubricant sales decreased slightly to HKD 20,465,000, down 7.4% from HKD 22,090,000[104]. Cost and Expenses - Total sales costs were approximately HKD 785,600,000 and HKD 697,300,000 for the current and corresponding periods, reflecting an increase of 12.7%[25]. - Selling and distribution expenses increased by approximately HKD 500,000 or 62.5% to approximately HKD 1,300,000 due to higher storage tank consumption and incentives for sales personnel[28]. - Administrative and operating expenses slightly decreased to HKD 12,107,000 from HKD 12,759,000 year-on-year[81]. - Total employee costs rose to HKD 5,345,000, an increase of 17.2% from HKD 4,562,000 in the previous year[133]. Cash Flow and Assets - The company reported a net cash inflow from operating activities of HKD 38,663,000 for the six months ended September 30, 2024, compared to HKD 14,005,000 for the same period in 2023, indicating a significant increase of 175.5%[91]. - Cash and cash equivalents rose to HKD 56,128,000 as of September 30, 2024, compared to HKD 34,160,000 as of March 31, 2024, marking an increase of 64.4%[94]. - The company’s inventory decreased to HKD 9,577,000 as of September 30, 2024, from HKD 11,602,000 as of March 31, 2024, a reduction of approximately 17.4%[84]. - Trade and other receivables decreased to HKD 72,312,000 as of September 30, 2024, from HKD 90,348,000 as of March 31, 2024, indicating a decline of about 20.0%[84]. Financial Position - As of September 30, 2024, the current ratio was 2.8, slightly down from 2.9 on March 31, 2024[40]. - The group's capital structure includes equity attributable to owners of approximately HKD 230,000,000, with no significant changes during the period[42]. - The group has pledged leasehold land and buildings valued at HKD 118,397,000 and investment properties valued at HKD 7,036,000 as collateral for bank borrowings[45]. - The company’s issued and paid-up share capital remained at HKD 10,000,000 as of both September 30, 2024, and March 31, 2024[156]. Corporate Governance and Management - The company has complied with all corporate governance codes as per the listing rules during the period[50]. - The directors and senior management hold a total of 730,000,000 shares, representing approximately 73% of the issued share capital of the company[56]. - The company has not declared or proposed any dividends for the periods ended September 30, 2024, and September 30, 2023[134]. - The company’s management compensation is determined by the board based on individual performance and market trends[160]. Market and Strategic Initiatives - The company plans to enhance its positioning in the logistics sector by providing customized fleet card solutions to manage costs[15]. - The company is actively exploring overseas markets, particularly in Southeast Asia and other emerging regions, to diversify revenue sources[16]. - The company is promoting ultra-low sulfur diesel and exploring emission reduction technologies in response to the growing demand for cleaner fuels[15]. - The company continues to focus on expanding its diesel sales and fleet card services as key growth areas[106].

Revenue and Profitability - Revenue increased from approximately HKD 726.7 million for the six months ended September 30, 2023, to approximately HKD 810 million for the six months ended September 30, 2024, representing an increase of about 11.5%[3] - Net profit decreased from approximately HKD 12.3 million to approximately HKD 9.6 million, a decline of about 22.0%[3] - Basic and diluted earnings per share decreased from HKD 1.23 to HKD 0.96, a decrease of approximately 21.9%[5] - Profit for the period attributable to owners decreased to HKD 9,616,000 from HKD 12,301,000, a decline of 21.9%[38] - The company reported a decrease in the impairment loss on trade receivables, with a reversal of HKD 190,000 compared to a loss of HKD 1,274,000 in the previous year[13] Gross Profit and Expenses - Gross profit decreased from approximately HKD 29.3 million to approximately HKD 24.4 million, a decline of about 16.7%[3] - Selling and distribution expenses increased from approximately HKD 0.8 million to approximately HKD 1.3 million, an increase of about 66.0%[5] - Total employee costs rose to HKD 5,345,000 for the six months ended September 30, 2024, up from HKD 4,562,000, an increase of 17.1%[35] - Administrative and other operating expenses slightly decreased by 5.5% to approximately HKD 12,100,000 from approximately HKD 12,800,000 in the corresponding period[62] - Financing costs decreased by 4.9% to approximately HKD 684,000 from approximately HKD 719,000 in the corresponding period, mainly due to the Federal Reserve's interest rate cuts[64] Assets and Liabilities - Total assets less current liabilities increased from approximately HKD 223.4 million to approximately HKD 233.8 million, an increase of about 4.0%[7] - Cash and cash equivalents increased from approximately HKD 34.2 million to approximately HKD 56.1 million, an increase of about 64.1%[7] - Trade and other receivables decreased from approximately HKD 90.3 million to approximately HKD 72.3 million, a decrease of about 20.0%[7] - Total equity increased from approximately HKD 220.0 million to approximately HKD 229.6 million, an increase of about 4.5%[9] - The group's current liabilities were approximately HKD 57,200,000 as of September 30, 2024, compared to HKD 49,800,000 as of March 31, 2024, reflecting an increase of about 14.4%[73] Cash Flow and Investments - The company’s operating cash flow before changes in working capital was HKD 14,893,000, down from HKD 21,475,000 in the previous year, reflecting operational challenges[13] - The net cash used in investing activities was HKD 17,475,000, a decrease from HKD 7,661,000 in the previous year, indicating a shift in investment strategy[13] - The company raised HKD 4,000,000 in bank borrowings during the period, down from HKD 7,000,000 in the same period last year[15] Revenue Sources and Market Expansion - Diesel sales contributed HKD 768,280,000, up 12.1% from HKD 685,333,000 in the previous year[25] - The company’s revenue from Vietnam increased significantly to HKD 1,046,000 from HKD 203,000, indicating successful market expansion efforts[27] - The company plans to enhance its positioning in the logistics sector by providing customized fleet card solutions to help manage costs[50] - The company is exploring overseas markets, particularly in Southeast Asia and other emerging regions, to diversify revenue sources[52] Other Income and Financial Position - Other income decreased from approximately HKD 1.8 million to approximately HKD 0.8 million, a decline of about 56.0%[5] - Total other income for the six months ended September 30, 2024, was HKD 816,000, compared to HKD 1,820,000 for the same period in 2023, representing a decrease of 55.2%[30] - Bank interest income increased slightly to HKD 299,000 from HKD 293,000 year-on-year[30] - The group recognized government subsidies of HKD 214,000 under the Technology Voucher Programme, supporting productivity improvements[30] Fleet Management and Customer Accounts - The group managed a total of 50,392 fleet card accounts as of September 30, 2024, down from 54,897 accounts in 2023, a decrease of 8.2%[47] - Major customers contributing over 10% of total revenue included Customer A1 with HKD 194,064,000, an increase of 39.9% from HKD 138,809,000 in the previous year[28] Dividends and Capital Commitments - The group did not recommend any interim dividend for the six months ending September 30, 2024, compared to no dividend for the same period last year[71] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the period[71] - The group had no significant capital commitments outside the balance sheet as of September 30, 2024[76]