Revenue and Profitability - The group's revenue increased by approximately HKD 26.2 million or 31.0% to about HKD 110.9 million for the six months ended June 30, 2019, compared to approximately HKD 84.7 million for the same period in 2018[7]. - Gross profit increased by approximately 12.8% to about HKD 28.0 million, while the overall gross margin decreased by approximately 4.1% to about 25.3%[10]. - The net profit attributable to the company's owners increased by approximately HKD 4.2 million or 156.7% to about HKD 6.9 million for the six months ended June 30, 2019[17]. - Revenue for the six months ended June 30, 2019, was HKD 110,946,000, representing a 30.9% increase from HKD 84,698,000 in the same period of 2018[59]. - Gross profit for the same period was HKD 28,029,000, up 12.9% from HKD 24,859,000 year-on-year[59]. - Profit before tax increased to HKD 10,536,000, a 103.5% rise compared to HKD 5,181,000 in the previous year[59]. - Net profit for the period was HKD 6,850,000, which is a 156.5% increase from HKD 2,669,000 in 2018[59]. - Total comprehensive income for the period amounted to HKD 5,898,000, compared to HKD 1,955,000 in the same period last year[59]. Costs and Expenses - Sales costs rose by approximately 38.6% to about HKD 82.9 million for the six months ended June 30, 2019, compared to HKD 59.8 million for the same period in 2018[8]. - Other income and losses decreased by approximately 147.1% to a net loss of about HKD 0.2 million, primarily due to foreign exchange losses of approximately HKD 0.6 million[11]. - Administrative and other expenses decreased by approximately 23.4% to about HKD 11.8 million, mainly due to a reduction in listing expenses[13]. - Financing costs decreased by approximately 87.7% to about HKD 0.03 million, attributed to the repayment of all bank loans during the period[14]. - Tax expenses increased by approximately 46.7% to about HKD 3.7 million, due to an increase in taxable profits subject to higher corporate tax rates in China[16]. Cash Flow and Financial Position - As of June 30, 2019, the group's cash and cash equivalents were approximately HKD 79.0 million, down from HKD 90.5 million as of December 31, 2018[18]. - The group's total equity attributable to owners was approximately HKD 202.5 million as of June 30, 2019, compared to HKD 196.6 million as of December 31, 2018[18]. - The group had no bank borrowings as of June 30, 2019, compared to approximately HKD 0.3 million as of December 31, 2018, resulting in a debt-to-equity ratio of zero[18]. - The company reported a net cash outflow from operating activities of HKD 11,672,000, an improvement from HKD 27,668,000 in the previous year[64]. - The company's total assets as of June 30, 2019, were HKD 222,539,000, slightly up from HKD 218,449,000 at the end of 2018[61]. - Current liabilities increased to HKD 64,645,000 from HKD 55,054,000 at the end of 2018[61]. - Cash and cash equivalents decreased to HKD 79,045,000 from HKD 90,541,000 at the end of 2018[64]. Employee and Operational Updates - The total employee cost for the six months ended June 30, 2019, was approximately HKD 14.8 million, an increase from HKD 13.6 million for the same period in 2018[29]. - The group employed 243 full-time employees as of June 30, 2019, an increase from 225 employees as of December 31, 2018[29]. - The company has initiated the design and consulting for a new production line and management system, incurring HKD 1.0 million in expenses[39]. - The company has completed the layout for relocating existing machinery and installing new equipment, aiming to minimize production disruptions[36]. Investments and Capital Expenditures - The company established a new factory in Dongguan in 2019 to enhance production capacity and meet sales growth in the Chinese market[10]. - The group utilized approximately HKD 58.6 million (78.2% of the IPO proceeds) for the purchase of a new factory in China[31]. - The company acquired property, plant, and equipment for HKD 2,910,000 during the reporting period, a significant increase from HKD 301,000 in the same period of 2018[109]. - Contract assets as of June 30, 2019, amounted to HKD 35,575,000, up from HKD 22,345,000 as of December 31, 2018, indicating an increase of 59.0%[111]. Shareholding and Corporate Governance - Unique Best holds 1,350,000,000 shares, representing 75% of the issued share capital[50]. - WANs Limited, REM Enterprises, and WAN Union also hold 1,350,000,000 shares each, accounting for 75% of the issued share capital[50]. - The beneficial ownership structure indicates that Unique Best is owned by WANs Limited (85.14%), REM Enterprises (13.33%), and REM Limited (1.53%)[55]. - The board of WAN Union is composed solely of Yuen Man-Keung, Yuen Chi-Wai, and Yuen Chi-Kong, maintaining control over WAN Union Trust[55]. - No directors or their associates held any interests in businesses that directly or indirectly compete with the group as of June 30, 2019[53]. Accounting Policies and Standards - The company has adopted new Hong Kong Financial Reporting Standards (HKFRS) effective from January 1, 2019, impacting the accounting policies used in the financial statements[70]. - The application of HKFRS 16 "Leases" has resulted in significant changes in accounting policies, replacing HKAS 17 "Leases" and related interpretations[72]. - The company recognizes right-of-use assets at the commencement date of the lease, measured at cost, less accumulated depreciation and impairment losses[75]. - The company presents right-of-use assets as a separate item in the consolidated financial position statement[78]. - The company applied HKFRS 16 "Leases" retrospectively, recognizing cumulative effects as of January 1, 2019, with no restatement of comparative information[89].

Financial Performance - The company's revenue for the year 2018 decreased by approximately 6.2%, from about HKD 198.5 million in 2017 to about HKD 186.3 million in 2018, primarily due to a reduction in sales to Macau customers by approximately HKD 23.0 million[10]. - Sales revenue attributed to Hong Kong, Macau, and China for 2018 were approximately HKD 147.6 million, HKD 19.2 million, and HKD 19.5 million respectively, with Macau sales significantly declining due to the completion of major hotel projects[11]. - The increase in sales for Hong Kong and China was approximately HKD 3.6 million and HKD 7.2 million respectively, offsetting the decline in Macau sales[15]. - The company's profit attributable to owners decreased by approximately 18.3% to about HKD 10.2 million in 2018 from approximately HKD 12.4 million in 2017[25]. - Gross profit decreased from approximately HKD 56.9 million in 2017 to approximately HKD 51.4 million in 2018, representing a decline of about 9.7%[17]. - The overall gross profit margin for 2018 was approximately 27.6%, a slight decrease of 1.1% compared to approximately 28.7% in 2017[17]. - Other income, gains, and losses increased by approximately 238.2% to about HKD 1.9 million in 2018 from approximately HKD 0.6 million in 2017, mainly due to a net foreign exchange gain of about HKD 1.6 million[19]. - Administrative and other expenses decreased by approximately 8.0% to about HKD 29.1 million in 2018 from approximately HKD 31.6 million in 2017[22]. - The group's sales cost for 2018 was approximately HKD 134.9 million, a decrease of about 4.7% from approximately HKD 141.6 million in 2017[16]. - As of December 31, 2018, the group's cash and cash equivalents were approximately HKD 90.5 million, an increase from approximately HKD 43.0 million as of December 31, 2017[26]. - The group's total equity attributable to owners increased to approximately HKD 196.6 million as of December 31, 2018, compared to approximately HKD 96.9 million as of December 31, 2017[26]. Operational Efficiency - The company anticipates improving productivity through the acquisition of new machinery and equipment for its Dongguan and Guangzhou factories, aiming to enhance overall operational efficiency[6]. - The management is focused on monitoring and managing production and delivery processes to achieve more stable revenue sources in the future[13]. - The company plans to implement new employee bonus policies to incentivize higher sales and cost reductions, aiming for improved project margins[13]. - The company has signed several contracts, including a two-year lease for a temporary factory in Humen Town and the acquisition of new machinery for existing facilities[48]. - The company is focused on enhancing its operational capabilities through the establishment of a new production line for low-voltage distribution cabinets[48]. Market Outlook and Strategy - The market outlook remains cautiously optimistic, with expectations of steady growth in demand for customized low-voltage distribution and control devices in Hong Kong, Macau, and China[12]. - The management expresses optimism about business development, particularly in seizing market opportunities in large-scale projects in China to expand its customer base[7]. - The company aims to expand its market share in China, particularly in the low-voltage power distribution and control device market[48]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[58]. - A strategic acquisition of a local competitor is anticipated to enhance operational capabilities and increase customer base by 15%[58]. Human Resources and Employee Relations - The total employee cost for the year 2018 was approximately HKD 29.3 million, an increase from HKD 26.9 million in 2017[40]. - As of December 31, 2018, the group had 225 full-time employees, down from 236 in 2017[40]. - The company emphasizes a fair and safe working environment to attract and retain talent[196]. - The company has implemented a comprehensive recruitment and promotion policy to ensure fairness and transparency in processes[198]. - The employee compensation policy is regularly reviewed to attract and retain talented staff, with total employee costs reflecting this commitment[40]. Corporate Governance - The board consists of 6 members, including 2 executive directors, 1 non-executive director, and 3 independent non-executive directors[69]. - Independent non-executive directors account for more than one-third of the board, ensuring compliance with listing rules[74]. - The company has adopted a standard code for securities trading by directors, confirming compliance since the listing date[68]. - The board plans to hold at least four meetings annually to monitor business operations and development[79]. - The company emphasizes transparency and accountability as essential components of good corporate governance[67]. Environmental Responsibility - The company is committed to sustainable development and has presented its first Environmental, Social, and Governance (ESG) report, highlighting efforts in corporate social responsibility[172]. - The group generated nitrogen oxides emissions of 16,211.93 grams and sulfur oxides emissions of 100.61 grams in 2018[184]. - The total greenhouse gas emissions from mobile combustion sources amounted to 21.29 tons, while energy indirect emissions from electricity reached 958.33 tons in 2018[184]. - The group produced 39.32 tons of non-hazardous industrial waste in 2018, focusing on minimizing waste during operations[190]. - The company is committed to reducing its environmental impact by using eco-friendly materials and equipment[195]. Shareholder Information - Unique Best Limited holds 75% of the total issued shares of the company, amounting to 1,350,000,000 shares[148]. - The company did not recommend the payment of a final dividend for the year 2018, consistent with the previous year[122]. - The company has established a dividend policy to allow for the declaration and distribution of dividends to shareholders, sharing profits while retaining sufficient reserves for future development[163]. - The company has confirmed no related party transactions that require disclosure under the Listing Rules for the fiscal year 2018[152]. - The company has not engaged in any related party transactions that require independent shareholder approval during the fiscal year[153].