Revenue Performance - The group's revenue for the period was approximately HKD 59.73 million, a decrease of about 46.36% compared to HKD 110.94 million in the previous year[14]. - Revenue from the apparel procurement management business was approximately HKD 56.96 million, down about 48.19% from HKD 109.95 million in the previous year, with a gross margin of approximately 2.52%, a decrease of about 3.00%[14]. - Revenue from financial services increased by approximately 178.15% to HKD 2.76 million, compared to HKD 0.99 million in the previous year[14]. - Total revenue for the six months ended September 30, 2019, was HKD 59,725,000, a decrease of 46.2% from HKD 110,944,000 for the same period in 2018[70]. Financial Position - As of September 30, 2019, the total assets of the group were approximately HKD 130,100,000, a decrease from HKD 136,145,000 as of March 31, 2019[18]. - The cash and bank balances increased to approximately HKD 24,365,000 from HKD 3,705,000 as of March 31, 2019[18]. - The current ratio improved to 7.03:1 from 6.59:1 as of March 31, 2019, indicating strong liquidity[18]. - The debt-to-asset ratio was 1:6.89, slightly improved from 1:6.95 as of March 31, 2019, suggesting a stable capital structure[18]. - Total assets as of September 30, 2019, were HKD 128,704,000, slightly up from HKD 127,497,000 as of March 31, 2019[57]. - The net asset value decreased to HKD 111,215,000 from HKD 116,545,000 as of March 31, 2019[57]. Loss and Expenses - The group reported a comprehensive loss attributable to owners of approximately HKD 5.74 million for the period, compared to a loss of HKD 4.43 million in the previous year[14]. - Administrative and operating expenses were approximately HKD 7.20 million, a slight decrease of about 0.72% from HKD 7.25 million in the previous year[14]. - The company reported a loss before tax of HKD 5,742,000, compared to a profit of HKD 4,076,000 in the previous year[56]. - The operating loss for the six months ended September 30, 2019, was HKD 5,717,000, compared to an operating profit of HKD 4,088,000 for the same period in 2018[71]. - The loss attributable to the company's owners for the six months ended September 30, 2019, was HKD 5,742,000, compared to a profit of HKD 4,076,000 for the same period in 2018[78]. Employee and Operational Costs - Employee costs for the six months ended September 30, 2019, were approximately HKD 2,583,000[31]. - For the six months ended September 30, 2019, the total employee costs amounted to HKD 3,828,000, an increase of 23.8% compared to HKD 3,092,000 in the same period of 2018[22]. - The cost of goods sold for the period was HKD 55,528,000, a decrease of 46.6% from HKD 103,879,000 in the previous year[22]. Shareholder Information - As of September 30, 2019, the company had a total of 655,927,000 shares issued, with major shareholders holding significant stakes: Shengtu International Limited at 49.15%, Mr. Wu Lianghao at 15.85%, and Mr. Wu Zilun and Ms. Qiu Yuzhen each at 7.65%[37]. - The company did not declare or recommend any dividends for the interim period, consistent with the previous year[76]. Lease and Capital Expenditures - The group entered into a lease agreement with a total rental of HKD 14 million for a period of ten years to establish a wholly-owned subsidiary for manufacturing and selling apparel products[11]. - The group entered into a lease agreement on November 15, 2019, with a total rent of HKD 14,000,000 for a duration of ten years[25]. - The group agreed to acquire specific machinery and office equipment for a total consideration of HKD 11,000,000[25]. - The company had no significant capital expenditures or commitments during the period[21]. Compliance and Governance - The audit committee reviewed the unaudited interim financial statements for the six months ending September 30, 2019, ensuring compliance with accounting principles and practices[45]. - The company has adhered to all provisions of the Corporate Governance Code as per the listing rules during the reporting period[44]. - The company has established a code of conduct for directors regarding securities trading, confirming compliance during the reporting period[48]. Future Plans and Strategies - The group plans to deepen its financial services business and seek new development opportunities in the future[17]. - The group aims to reduce procurement costs and enhance competitiveness in the apparel procurement management business amid ongoing trade tensions and economic uncertainties[16]. - The group is focused on monitoring the apparel procurement management business closely and seizing other development opportunities[16].

Financial Performance - The company's total revenue for the year was approximately HKD 185,668,000, a slight increase from HKD 184,829,000 in the previous year[14] - Revenue from procurement management business was approximately HKD 171,179,000, representing a decrease of about 7.35% compared to HKD 184,767,000 in the previous year[14] - Revenue from financial services increased significantly to approximately HKD 14,489,000, a growth of approximately 23,269.35% from HKD 62,000 in the previous year[14] - The gross profit margin improved to approximately 12.34%, an increase of about 0.97% from 11.37% in the previous year[14] - Other income rose to approximately HKD 5,606,000, a growth of about 28.43% from HKD 4,365,000 in the previous year, mainly due to profits from the sale of subsidiaries[14] - The company reported a net profit attributable to owners of approximately HKD 476,000, a significant decrease from HKD 7,995,000 in the previous year[14] - Total revenue for the year ended March 31, 2019, was HKD 185,668,000, a slight increase from HKD 184,829,000 in 2018, representing a growth of 0.5%[178] - Gross profit for the same period was HKD 22,917,000, up from HKD 21,009,000 in 2018, indicating a growth of 9.1%[178] - The company reported a pre-tax profit of HKD 1,140,000, a significant decrease from HKD 8,001,000 in the previous year, reflecting a decline of 85.7%[178] - Net profit attributable to the owners of the company was HKD 476,000, down from HKD 7,995,000 in 2018, representing a decrease of 94.0%[178] - Basic earnings per share for 2019 was HKD 0.07, compared to HKD 1.426 in 2018, a decline of 95.1%[178] Assets and Liabilities - Total assets as of March 31, 2019, were approximately HKD 136,145,000, a decrease from HKD 263,575,000 as of March 31, 2018[22] - Cash and bank balances as of March 31, 2019, were approximately HKD 3,705,000, down from HKD 76,146,000 in the previous year[22] - Current liabilities decreased significantly to HKD 19,347,000 from HKD 145,407,000 in the previous year, a decline of 86.7%[180] - The company’s net asset value was HKD 116,545,000 in 2019, slightly down from HKD 117,800,000 in 2018, a decrease of 1.1%[180] - The company’s total liabilities increased, leading to a higher leverage ratio, which may impact future financing options[186] Business Strategy and Expansion - The company is expanding its procurement management business into more geographical locations, particularly in China, to diversify its revenue sources[9] - The company is focusing on enhancing its financial services offerings in the mainland China market to capture growing demand[12] - The company plans to expand its procurement management business into more geographical locations and broader product areas, particularly in China and Southeast Asia[17] - The company aims to seek new business opportunities and expand profit channels to provide greater returns for shareholders[18] - The company plans to continue exploring market expansion opportunities and new product development to enhance revenue streams moving forward[186] Corporate Governance and Management - The company has a strong management team with over 20 years of experience in finance and auditing, led by Mr. Lin Jiayang[39] - The company has independent non-executive directors with diverse backgrounds in finance, management, and corporate governance, enhancing its strategic oversight[43][44][47] - The management team collectively possesses over 30 years of experience across various industries, including telecommunications, healthcare, and financial services[47] - The company emphasizes the importance of corporate governance and compliance with regulatory standards in its operations[47] - The board includes members with significant experience in mergers and acquisitions, which may support future growth strategies[43][47] - The company is committed to continuous review of its internal control systems, with no significant deficiencies found in the latest review[117] - The company plans to continue enhancing its corporate governance practices to achieve high standards[122] Shareholder Information - The company reported a reserve available for distribution to shareholders of HKD 91,637,000 as of March 31, 2019, down from HKD 95,163,000 in 2018[61] - The company did not declare any final dividend for the year ended March 31, 2019, consistent with the previous year[28] - The company has established a dividend policy aimed at allowing shareholders to share in profits while retaining sufficient reserves for future development[64] - The company confirmed no significant contracts with controlling shareholders, except for the disclosed VIE agreement, as of March 31, 2019[74] Risk Management - The company has identified significant risks related to fraud or error that could lead to material misstatements in the financial statements[172] - The audit committee reviewed the effectiveness of the risk management and internal control systems during the year[139] Compliance and Reporting - The company has complied with the listing rules regarding the reporting of its financial status[59] - The company reported compliance with applicable laws and regulations, with no significant violations noted for the fiscal year ending March 31, 2019[81] - The independent auditor confirmed that the consolidated financial statements reflect the group's financial position as of March 31, 2019, in accordance with Hong Kong Financial Reporting Standards[160] Environmental and Social Responsibility - The company has implemented various measures to reduce environmental impact, including promoting double-sided printing and using recycled paper[111]