Financial Performance - For the year ended March 31, 2020, the Group recorded revenue of HK$299.8 million, a decrease of 20.4% compared to HK$376.6 million for the year ended March 31, 2019[29]. - The decline in revenue was primarily due to delays in the master programmes of certain projects and the suspension of installation works caused by supply chain disruptions from COVID-19 in Mainland China[29]. - The Group's financial highlights indicate a trend of fluctuating revenues over the past years, with a peak of HK$514.9 million in 2019[25]. - The consolidated profit attributable to owners of the Company totaled HK$24.2 million for the year ended March 31, 2020, compared to HK$22.9 million in 2019, reflecting a drop of HK$21.3 million or 46.8% from the previous year's profit of HK$45.5 million[69]. - The basic earnings per share for the year was HK$0.06, a significant drop from HK$1.06 in the previous year, based on a weighted average number of shares of 436,332,630[35]. - The Group's impairment loss for trade debtors and contract assets was HK$1.3 million for the current year, compared to a reversal of impairment loss of HK$3.1 million in the previous year[30]. - The gain on change in fair value of investment properties decreased from HK$3.2 million last year to HK$0.5 million this year[30]. - The Group reported a net cash inflow of HK$15.1 million from operating activities, HK$5.7 million from investing activities, and a net cash outflow of HK$27.2 million from financing activities for the year ended March 31, 2020[80][84]. Future Outlook - Future outlook and guidance were not detailed in the provided content, indicating a need for further information on recovery strategies and market conditions[29]. - The Company may need to focus on enhancing supply chain resilience and project management to mitigate future disruptions[29]. - Market expansion strategies were not discussed, highlighting a possible gap in the current strategic approach[29]. - The construction industry in Hong Kong is expected to grow due to the undersupply of residential properties, which may benefit the aluminium windows and curtain wall works industry[43]. Corporate Governance - The Board is responsible for the formulation of business strategies and policies, monitoring business performance, and overseeing corporate governance functions[109]. - The Company has arranged appropriate directors' and officers' liabilities insurance coverage for the year ended March 31, 2020[114]. - The Board Diversity Policy was adopted on February 22, 2019, focusing on diversity in gender, age, cultural and educational background, ethnicity, professional experience, skills, knowledge, and length of service[130]. - The Nomination Committee will review the Board Diversity Policy at least annually to ensure its effectiveness[134]. - The Company aims for a balanced development through increasing diversity at the Board level, which is essential for achieving strategic objectives[133]. - The Board's composition is characterized by diversity in cultural and educational background, professional experience, skills, knowledge, and length of service as of March 31, 2020[134]. - The Policy of Nomination of Directors ensures that all nominations are fair and transparent, facilitating a balance of skills and experience appropriate to the Company's business requirements[140]. - The ultimate responsibility for the selection and appointment of directors rests with the entire Board, despite the delegation of authority to the Nomination Committee[140]. - The Company’s independent non-executive directors are free from any business or other relationships with the Company, ensuring their impartiality[127]. - The Chairman and Joint Managing Directors are responsible for the overall strategic planning and development of the Group, ensuring effective Board operations[156]. Employee and Remuneration Policies - The Group employs 235 full-time employees, with 116 located in Mainland China[99]. - The Group offers competitive remuneration packages, including discretionary bonuses and cash allowances based on position[99]. - The Group conducts an annual review on salary increases, discretionary bonuses, and promotions based on employee performance and Group profitability[99]. - The Group emphasizes attracting and retaining skilled personnel to ensure its continuing success[99]. Risk Management and Internal Controls - The Group's risk management and internal control systems were reviewed for effectiveness during Board meetings[178]. - The Audit Committee assisted the Board in evaluating and maintaining effective risk management and internal control systems[187]. - The Audit Committee reviewed the Group's operating, financial, and accounting policies and practices[187]. - The Audit Committee reported to the Board on the adequacy and effectiveness of the Group's financial reporting system[187]. Board Meetings and Training - The Board held four regular meetings during the year ended March 31, 2020, focusing on approving the Group's budget, interim and final results, and reviewing risk management effectiveness[178]. - All directors participated in continuous professional development, receiving training in areas such as corporate governance, accounting, and financial management[169]. - The company secretary completed no less than 15 hours of relevant professional training during the year ended March 31, 2020[176]. - Notices for regular Board meetings were provided at least 14 days in advance, ensuring directors could attend in person[179]. - Board papers were distributed at least 3 days prior to meetings, allowing directors to make informed decisions[180].

Financial Performance - The Group's unaudited consolidated revenue for the six months ended 30 September 2019 was HK$153.9 million, representing an 11.2% decrease compared to HK$173.4 million for the same period in 2018[16]. - The unaudited consolidated profit attributable to owners of the Company for the six months ended 30 September 2019 was HK$20.6 million, reflecting a significant increase of 472.2% from HK$3.6 million in the prior year[16]. - The increase in profit was primarily due to the absence of one-off listing expenses of HK$14.1 million incurred in the previous period and an increase in other income from interest generated from short-term deposits[16]. - Basic earnings per share for the six months ended 30 September 2019 was HK$0.05, based on a weighted average of 436,332,630 shares in issue after the Listing[18]. - The decline in revenue was mainly attributed to delays in the master programmes of certain projects[16]. - The Group's performance reflects a recovery in profitability despite the revenue decline, indicating effective cost management strategies[16]. - Gross profit increased to HK$32,763,000, up 6.3% from HK$30,826,000 year-on-year[77]. - Profit before taxation rose significantly to HK$24,013,000, compared to HK$5,132,000 in the previous year, marking a 367.5% increase[77]. - Profit for the period was HK$20,572,000, a substantial increase from HK$3,644,000 in the same period last year, representing a growth of 465.5%[77]. - Total comprehensive income for the period was HK$17,054,000, compared to a loss of HK$2,087,000 in the previous year[77]. Dividends - The Board declared an interim dividend of HK1.2 cents per share for the six months ended 30 September 2019, compared to no dividend in the same period of 2018[19]. - A final dividend of HK2.0 cents per share was paid, totaling HK$8,727,000, compared to no dividends paid in the same period last year[160]. - An interim dividend of HK1.2 cents per share, amounting to HK$5,236,000, has been declared for the current period, also compared to no dividends in the previous year[161]. Revenue Breakdown - Revenue for the six months ended 30 September 2019 was HK$153,915,000, a decrease of 11.2% from HK$173,396,000 in the same period of 2018[77]. - Revenue from design, supply, and installation for curtain walls, aluminium windows, doors, and other products for new buildings was HK$88,556,000, up 36.5% from HK$64,891,000 in 2018[144]. - Revenue from renovation works for existing buildings increased significantly to HK$3,373,000 from HK$892,000, representing a growth of 277.5%[144]. - The Group's revenue from Hong Kong was HK$145,516,000, down from HK$167,248,000 in 2018, while revenue from Mainland China was HK$8,399,000, up from HK$1,619,000[151]. Assets and Liabilities - As of September 30, 2019, total assets amounted to HK$459,854,000, a slight decrease from HK$494,993,000 as of March 31, 2019[79]. - Total liabilities decreased to HK$59,090,000 from HK$61,674,000, reflecting a reduction in financial obligations[81]. - The Group's net current assets were HK$402.0 million, with a current ratio of 7.95 times as of September 30, 2019[40]. - The Group had outstanding performance bonds amounting to HK$78.8 million related to construction contracts as of September 30, 2019[45]. Cash Flow and Liquidity - The Group's liquidity position is expected to remain healthy in the coming year, with sufficient financial resources to meet obligations and operational needs[40]. - The Group's cash flow generation capability is sound, primarily financed through internally generated cash flows[40]. - The company reported net cash from operating activities of HK$28,356,000 for the six months ended September 30, 2019, compared to HK$27,083,000 for the same period in 2018[88]. - Cash and cash equivalents at the end of the period were HK$314,592,000, up from HK$304,648,000 at the beginning of the period[88]. Share Capital and Ownership - As of September 30, 2019, the total number of issued shares of the company was 436,332,630 shares[54]. - CCM Trust (Cayman) Limited holds 195,080,814 shares, representing approximately 44.70% of the issued share capital[59]. - Mingly Corporation holds 41,697,318 shares, accounting for about 9.55% of the issued share capital[59]. - The interests of shareholders are disclosed under the SFO, with specific percentages calculated based on the total issued shares[61]. Market Outlook and Strategy - The company is cautiously optimistic about the aluminium window and curtain wall business in the coming years despite economic challenges[33]. - Various government infrastructure projects and housing policies are expected to create business opportunities for the construction industry in Hong Kong[31]. - The company plans to enhance its competitive edge by consolidating its design, project, procurement, and manufacturing teams[37]. - The company aims to search for innovative materials to improve energy efficiency in residential and commercial buildings[37]. - The company is focusing on the growing market for tower façade and curtain wall works, which have become a distinct sub-sector of the construction industry[32]. - The company recognizes increasing costs and competition as challenges that may impact profit margins[37]. Accounting Policies - The Group's financial statements for the six months ended 30 September 2019 have been prepared in accordance with HKFRS 34 and applicable disclosure requirements[1]. - The Group's accounting policies and methods of computation remain consistent with those presented in the annual financial statements for the year ended 31 March 2019[1]. - The Group applies the short-term lease recognition exemption for leases of car parking spaces with a term of 12 months or less[99]. - The Group's financial reporting is governed by the applicable disclosure requirements of the Stock Exchange of Hong Kong[1].

Financial Performance - For the financial year ended 31 March 2019, the Group recorded revenue of HK$376.6 million, representing a 10.6% decrease compared to HK$421.1 million for the previous year[21]. - The consolidated profit attributable to owners of the Company totaled HK$22.9 million, a 54.3% decrease from HK$50.1 million in the prior year[22]. - One-off expenses of HK$22.6 million were incurred for the Company's listing on the Main Board of The Stock Exchange of Hong Kong during the year[22]. - The basic earnings per share for the year was HK$1.06 based on the weighted average number of 21,517,869 shares in issue after the listing[22]. - Overall gross profit margins also decreased, contributing to the drop in consolidated profit[22]. - The decline in revenue was primarily due to delays in the master programmes of certain projects[21]. - The total amount of contracts on hand as of March 31, 2019, was HK$552.4 million[65]. - The Group had a net cash outflow of HK$29.7 million in operating activities during the year[87]. - The total cash and bank balances amounted to HK$304.6 million, accounting for 61.5% of current assets, compared to 19.9% in the previous year[86]. Shareholders' Equity - Shareholders' funds increased significantly to HK$508.8 million from HK$128.7 million in the previous year[17]. - As of March 31, 2019, the net asset value of the Group was HK$508.8 million, an increase of 295.3% from HK$128.7 million in the previous year[26]. - The increase in net asset value was primarily due to proceeds of HK$43.6 million from the issuance of new shares and a capital contribution of HK$318.6 million from Hanison Construction Holdings Limited[26]. - The net asset value per share as of March 31, 2019, was HK$1.17, based on 436,332,630 shares issued[26]. - The shareholders' funds increased to HK$508.8 million, including reserves of HK$465.2 million, an increase of HK$380.1 million from the previous year[94]. Business Outlook - The Group is optimistic about future business opportunities due to the anticipated increase in construction projects related to new properties[45]. - The Hong Kong Government is expected to complete approximately 100,400 public housing units in the next five years and about 93,000 units of private residential property in the next three to four years[44]. - The construction activities in Hong Kong have intensified due to strong demand for residential, office, and commercial buildings, providing opportunities for the Group[37]. - The company expects steady and considerable growth in the curtain wall business due to high demand for lightweight and sustainable solutions[68]. - Increasing demand for energy-efficient curtain walls is anticipated to drive market growth in the coming years[69]. Corporate Governance - The Company complied with all provisions of the Corporate Governance Code from the Listing Date to March 31, 2019[118]. - The Board of the Company comprises a diverse group of directors, including 3 independent non-executive directors, representing at least one-third of the Board[125]. - The Company has received written annual confirmations of independence from all independent non-executive directors, ensuring compliance with Listing Rules[130]. - The Board Diversity Policy was adopted on February 22, 2019, focusing on diversity in gender, age, cultural background, professional experience, and skills[131]. - The Nomination Committee will review the Board Diversity Policy annually to ensure its effectiveness and monitor its implementation[133]. Risk Management - The Group's risk management and internal control systems are designed to provide reasonable assurance against material misstatement or loss, with annual reviews conducted to assess their effectiveness[179]. - An external consultant was engaged to assess the internal controls of the Group and identify weaknesses, with no significant risk issues identified during the review[186]. - The Risk Management Committee is chaired by the Joint Managing Directors and includes various senior staff members to monitor and manage risks[179]. - The Company intends to outsource its internal audit function in the future, following the assessment of internal controls by an external consultant[180]. Remuneration and Employment - The Group employed 249 full-time employees as of March 31, 2019, with 134 of them based in Mainland China[113]. - The Group offers competitive remuneration packages, including discretionary bonuses and cash allowances, to attract and retain skilled personnel[112]. - The Remuneration Committee assessed key economic indicators, market trends, headcount, and staff costs to determine remuneration packages for executive directors and senior management[169]. - The Remuneration Committee ensured that no director participated in deciding their own remuneration, adhering to the Listing Rules[167]. Board Meetings and Committees - The company held one regular board meeting from the Listing Date to March 31, 2019, primarily to approve the Group's forecast and budget, adopt the dividend policy, and the bonus scheme[159]. - The Audit Committee was established on February 22, 2019, comprising three independent non-executive directors, with Mr. Yip Kai Yung as the Chairman[160]. - The Nomination Committee was established on February 22, 2019, and held one meeting during the period from the Listing Date to March 31, 2019, focusing on reviewing the structure, size, and composition of the Board[163]. - The company expects to hold at least four regular board meetings per year, with notices provided to all directors at least 14 days before the meetings[159].