Revenue Performance - Revenue from the lifestyle entertainment segment decreased by HK$6.0 million, representing a decline of 28.6% from HK$21.0 million last year to HK$15.0 million for the Year[15]. - The property management services revenue decreased by HK$21.4 million from HK$319.7 million to HK$298.3 million for the Year, primarily due to reduced office management services[22]. - Total revenue from the property management business decreased by HK$12.3 million from HK$376.1 million last year to HK$363.8 million for the Year[24]. - Revenue from property management related value-added services increased by HK$9.1 million from HK$56.4 million to HK$65.5 million for the Year[23]. - The Group's revenue from Continuing Operations decreased by approximately 3.3% to approximately HK$363.8 million for the Year[49]. - Revenue from property management related value-added services increased by HK$9.1 million, from HK$56.4 million in FY2023 to HK$65.5 million for the Year[49]. - Revenue from Discontinued Operations decreased by HK$6.0 million, from HK$21.0 million in FY2023 to HK$15.0 million for the Year[54]. Business Strategy and Focus - The decision to discontinue the lifestyle entertainment business was made to optimize shareholder value and focus on sustainable growth areas[15]. - The company aims to reallocate resources towards areas with significant value creation and emerging opportunities following the closure of the lifestyle entertainment business[16]. - The decision to close the lifestyle entertainment business was made to reallocate resources towards core competencies in property management[41]. - The Group aims to enhance operational efficiency and focus on areas with higher growth potential following the closure of the lifestyle entertainment business[41]. - The Group intends to evaluate growth strategies and explore investment opportunities across various sectors, which may include acquisitions or disposals, funded by cash generated from operations[81]. - The Group plans to conduct a comprehensive evaluation of its development strategy, considering investments in various industries to expand revenue sources[85]. - The Group is optimistic about future prospects, focusing on property management and expanding value-added services to capitalize on emerging market opportunities[89]. - The Group's strategic pivot away from the lifestyle entertainment business in Hong Kong allows for resource allocation to areas with greater growth potential[90]. Operational Efficiency and Challenges - The company acknowledges the challenging operating environment characterized by subdued consumer sentiment and changing spending patterns[14]. - The lifestyle entertainment segment has struggled to sustain profitability in recent years, leading to the strategic realignment of resources[15]. - The decline in relatively short-term management projects presented unique challenges, prompting the company to refine its value-added services[23]. - The management team is committed to navigating market uncertainties with strategic clarity and agility[31]. Financial Performance and Costs - Profit for the year generated from Continuing Operations decreased by HK$24.6 million from HK$53.8 million in FY2023 to HK$29.2 million for the Year[53]. - Staff costs from Continuing Operations increased by HK$4.5 million from HK$125.9 million in FY2023 to HK$130.4 million for the Year[61]. - Utilities expenses from Continuing Operations decreased by approximately HK$2.0 million from HK$10.9 million in FY2023 to HK$8.9 million during the Year[62]. - Other operating expenses from Continuing Operations decreased by approximately HK$2.7 million to HK$34.2 million for the Year, representing a decrease of 7.3%[63]. - Employee costs for the ongoing business increased from HK$125.9 million in FY2023 to HK$130.4 million in FY2024, a rise of HK$4.5 million[65]. - Utilities and maintenance expenses for ongoing operations decreased by approximately HK$1.7 million (6.0%) to HK$26.7 million in FY2024, down from HK$28.4 million in FY2023[66]. - Other operating expenses for ongoing business decreased by approximately HK$2.7 million (7.3%) to HK$34.2 million in FY2024, compared to HK$36.9 million in FY2023[67]. Asset Management and Financial Position - As of March 31, 2024, the Group's total current assets were approximately HK$448.9 million, up from HK$380.3 million on March 31, 2023, while current liabilities decreased to approximately HK$178.4 million from HK$234.6 million[69]. - The current ratio improved to about 2.5 times as of March 31, 2024, compared to 1.6 times on March 31, 2023[69]. - Cash at bank and in hand increased to approximately HK$298.7 million as of March 31, 2024, from approximately HK$286.4 million on March 31, 2023[70]. - Total interest-bearing borrowings decreased to approximately HK$58.4 million as of March 31, 2024, down from HK$68.6 million on March 31, 2023[71]. - The gearing ratio remained stable at 0.3 as of March 31, 2024, consistent with the ratio on March 31, 2023[71]. Corporate Governance and Leadership - The Company has a strong leadership team with diverse backgrounds in finance, accounting, and management, enhancing its operational capabilities[106][107][108][112]. - The Company is focused on expanding its business in manufacturing electrical and household appliances, healthcare, and finance investment sectors[106]. - The management team is committed to understanding their obligations as directors of a listed issuer, ensuring compliance with regulatory requirements[106][109]. - The Company aims to leverage its strong shareholder base and management expertise to drive future growth and market expansion[106][107]. - The Board consists of four executive Directors and three independent non-executive Directors, with independent non-executive Directors representing more than one-third of the Board[126]. - The roles of Chairman and Chief Executive Officer are held separately, with Mr. Zheng Jiang as Chairman and Mr. Chan Hon Ki as CEO, responsible for governance and day-to-day management respectively[139]. - The company emphasizes the importance of corporate governance and has adopted effective governance procedures to enhance performance and corporate image[128]. - The Board encourages continuous professional development for all directors to refresh their knowledge and skills[136]. Audit and Risk Management - The Audit Committee, established on January 3, 2014, oversees the financial reporting process and compliance[158]. - The Audit Committee reviewed the accuracy and fairness of the annual financial statements for the year ended March 31, 2023, and the interim financial report for the six months ended September 30, 2023[164]. - The Audit Committee monitored the Company's compliance with legal and regulatory requirements[165]. - The Audit Committee conducted an annual review of the risk management and internal control systems, ensuring adequacy in resources and staff qualifications[191]. - The enterprise risk management framework was established in 2016, with the Board responsible for maintaining effective internal controls[198]. - Risks are identified, assessed, prioritized, and treated through a framework following the COSO Enterprise Risk Management－Integrated Framework[199]. - The Audit Committee oversees risk management and internal audit functions, receiving regular reports from the Board[199].

Financial Performance - The revenue from continuing operations decreased by approximately 3.3% to about HKD 363.8 million for the fiscal year[17]. - The group reported a profit from continuing operations of HKD 29.2 million for the year, compared to HKD 51.1 million in the previous year[46]. - The basic and diluted earnings per share from continuing operations were HKD 0.059, down from HKD 0.104 in the previous year[46]. - The group reported a total comprehensive loss of HKD 1.99 million for the year, compared to a total comprehensive income of HKD 2.41 million in the previous year[49]. - Revenue for the year 2024 was HKD 363,849,000, a decrease of 3.4% from HKD 376,119,000 in 2023[57]. - Operating profit decreased to HKD 45,428,000 in 2024 from HKD 73,201,000 in 2023, representing a decline of 37.9%[57]. - Profit before tax for 2024 was HKD 44,345,000, down 38.4% from HKD 71,775,000 in 2023[57]. - Net profit for the year was HKD 16,721,000, a decrease of 30.6% compared to HKD 24,136,000 in 2023[58]. - The company reported a total revenue for continuing operations of HKD 378,817,000, down from HKD 397,092,000, representing a decline of 4.5%[125]. - The overall profit for the company decreased from HKD 24.1 million in the previous fiscal year to HKD 16.7 million, a reduction of HKD 7.4 million[189]. Discontinued Operations - The group reported a loss from discontinued operations of HKD 12.5 million for the current fiscal year, a reduction of HKD 17.1 million compared to the previous year's loss of HKD 29.6 million[20]. - The company reported a loss from discontinued operations of HKD (12,461,000) in 2024, an improvement from a loss of HKD (29,633,000) in 2023[57]. - The operating loss from discontinued operations was 12,461,000 HKD, a significant improvement from 29,633,000 HKD in the previous year[151]. - The company has decided not to renew the lease agreement for its entertainment business, which has been classified as discontinued operations[178]. Operational Efficiency and Strategy - The group aims to enhance operational efficiency and concentrate on core competencies in property management and related value-added services[15]. - The group plans to strategically exit the entertainment business in Hong Kong to focus resources on areas with greater growth potential[28]. - The group is evaluating its development strategy to expand revenue sources through investments in various industries, including property management and information technology[26]. - The company plans to focus on expanding its property management-related value-added services as a key growth driver[197]. - Future strategies include leveraging government subsidies for financial support and employee compensation, which may positively impact operational efficiency[77]. Employee and Cost Management - The company had approximately 952 employees as of March 31, 2024, a decrease from 994 employees as of March 31, 2023[37]. - Employee costs, including defined contribution retirement plan contributions, totaled HKD 21,046,000, slightly down from HKD 21,166,000, a decrease of 0.6%[126]. - Employee costs for continuing operations rose by HKD 4.5 million to HKD 130.4 million, compared to HKD 125.9 million in the previous fiscal year[190]. - The group’s property cleaning expenses related to continuing operations decreased from HKD 73.1 million in the previous fiscal year to HKD 68.1 million[18]. - Other operating expenses for continuing operations decreased by approximately HKD 2.7 million (7.3%) to HKD 34.2 million for the current fiscal year[23]. Assets and Liabilities - As of March 31, 2024, the total current assets of the group were approximately HKD 448.9 million, an increase from approximately HKD 380.3 million as of March 31, 2023[33]. - The total current liabilities were approximately HKD 178.4 million, down from approximately HKD 234.6 million as of March 31, 2023, resulting in a current ratio of approximately 2.5 times compared to 1.6 times in the previous year[33]. - The company’s total liabilities decreased to HKD 299,154,000 in 2024 from HKD 305,784,000 in 2023, indicating a reduction of about 2.1%[99]. - The net value of current assets was 270,452 thousand HKD, compared to 145,686 thousand HKD, showing significant improvement[80]. - The company has no pledged assets as of March 31, 2024, maintaining the same status as the previous year[164]. Revenue Sources and Business Segments - The property management business generated revenue of 65.5 million HKD, an increase of 9.1 million HKD from 56.4 million HKD in the previous fiscal year[156]. - Revenue from property management contracts decreased from HKD 319.7 million in the previous fiscal year to HKD 298.3 million, a decline of HKD 21.4 million[185]. - The company is focusing on expanding its service offerings in the restaurant and bar sectors, aiming to enhance revenue streams[89]. - The company’s customer base is diversified, with no single customer accounting for more than 10% of total revenue as of March 31, 2024[70]. Financial Reporting and Compliance - The group’s financial statements have been prepared in accordance with all applicable Hong Kong Financial Reporting Standards[54]. - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and compliance[40].

Revenue Performance - The Group recorded revenue of approximately HK$199.9 million for the six months ended 30 September 2023, representing an increase of 22.7% compared to HK$162.9 million for the same period in 2022[17]. - The increase in revenue was attributed to the commencement of value-added services in the second half of 2022, contributing approximately HK$40.8 million, and an increase of approximately HK$3.8 million from the Lifestyle Entertainment Segment due to the resumption of normal business hours after lifting Covid-19 measures[17]. - The Group's total revenue for the six months ended September 30, 2023, was HK$199,875,000, compared to HK$162,931,000 in the same period of 2022, reflecting an overall increase of 22.7%[160]. - Revenue from club and restaurant operations in Hong Kong increased to HK$10,216,000 for the six months ended September 30, 2023, compared to HK$6,411,000 in the same period of 2022, representing a growth of 59.5%[160]. - Revenue from property management contracts in Mainland China was HK$156,520,000 for the six months ended September 30, 2023, slightly down from HK$148,831,000 in the previous period, indicating a decrease of 5.1%[160]. - The Group's revenue from property management related value-added services in Mainland China was HK$40,828,000 for the six months ended September 30, 2023, with no revenue reported in the previous period[160]. Profitability and Earnings - The Group recorded a net profit of approximately HK$8.5 million for the six months ended 30 September 2023, down from approximately HK$18.3 million for the same period in 2022[31][33]. - Profit for the period was HK$8,467,000, down 53.7% from HK$18,290,000 in the previous year[121]. - Basic and diluted earnings per share decreased to 1.7 cents from 3.2 cents year-on-year[121]. - Profit before taxation for the six months ended September 30, 2023, was HK$15,895,000, down from HK$24,271,000 in 2022, a decline of 34.5%[176]. - Profit before taxation for the six months ended 30 September 2023 was $8,467,000, a decrease of 46.1% compared to $15,665,000 for the same period in 2022[193]. - Total comprehensive income for the period was HK$(11,568,000), compared to HK$(12,343,000) in the previous year, showing a slight improvement[123]. Operational Costs and Expenses - Staff costs increased by approximately 3.9% or HK$2.7 million to approximately HK$72.2 million for the six months ended 30 September 2023, primarily due to an increase in the number of staff in the Lifestyle Entertainment Segment[21]. - Advertising and marketing expenses increased by approximately 127.3% or HK$1.4 million to approximately HK$2.5 million for the six months ended 30 September 2023 from approximately HK$1.1 million for the same period in 2022[22][24]. - Total operating expenses decreased to $15,596,000 in 2023 from $19,494,000 in 2022, reflecting a reduction of 20.5%[185]. - Legal and professional fees increased to $2,543,000 in 2023 from $2,306,000 in 2022, an increase of 10.3%[185]. - The cost of inventories sold increased significantly to HK$42,690,000 from HK$5,465,000, indicating a substantial rise in operational costs[121]. Financial Position and Assets - As of 30 September 2023, the Group's total current assets were approximately HK$359.7 million, down from HK$380.2 million as of 31 March 2023, while current liabilities decreased to approximately HK$192.0 million from HK$234.6 million[32][34]. - The current ratio improved to 1.9 times as of 30 September 2023, compared to 1.6 times as of 31 March 2023[32][34]. - Cash at bank and in hand was approximately HK$263.1 million as of 30 September 2023, down from HK$286.4 million as of 31 March 2023[36][38]. - Non-current assets decreased from HK$157,480,000 to HK$143,079,000, a reduction of 9.1%[126]. - Current assets decreased from HK$380,260,000 to HK$359,664,000, a decline of 5.4%[126]. - Net current assets increased to HK$167,632,000, up 15.0% from HK$145,686,000[127]. Strategic Initiatives and Challenges - The Lifestyle Entertainment Segment faced significant challenges post-Covid-19, with no significant improvement in performance compared to the pandemic period, largely due to shifts in customer behavior towards online entertainment[12]. - The Group's strategic changes in response to the macro-economic environment have not yet yielded significant improvements in the Lifestyle Entertainment Segment[12]. - The economic downturn and changing consumer attitudes have impacted the performance of the Lifestyle Entertainment Segment, necessitating ongoing strategic adjustments[12]. - The Property Management Segment is expected to maintain steady growth and profitability despite a slowdown in China's real estate industry, focusing on high-quality property management services[60]. - The Group plans to expand its value-added services related to property management to create future growth momentum and long-term value for customers and shareholders[61]. Shareholder Information and Corporate Governance - The Group did not recommend the payment of an interim dividend for the six months ended September 30, 2023, consistent with the previous year[65]. - The Company has adopted the Model Code for Securities Transactions as its code of conduct for Directors[66]. - All Directors confirmed full compliance with the Model Code for Securities Transactions during the six months ended September 30, 2023[66]. - The interests of substantial shareholders were disclosed under the provisions of the Securities and Future Ordinance[79]. - The company has complied with the Corporate Governance Code during the six months ended September 30, 2023[102]. Cash Flow and Financing Activities - Cash generated from operations increased significantly to HK$5,452,000 for the six months ended September 30, 2023, compared to HK$1,105,000 in the same period of 2022, representing a growth of approximately 394%[132]. - Net cash used in operating activities improved to HK$(4,748,000) in 2023 from HK$(11,678,000) in 2022, indicating a reduction of about 59%[134]. - Net cash used in financing activities decreased significantly to HK$(5,328,000) in 2023 from HK$(20,530,000) in 2022, a reduction of about 74%[134]. - The effect of foreign exchange rate changes resulted in a decrease of HK$16,705,000 in cash and cash equivalents for the six months ended September 30, 2023, compared to a decrease of HK$28,046,000 in the same period of 2022[134]. Accounting and Reporting Standards - The interim financial report has been prepared in accordance with HKAS 34, ensuring compliance with relevant financial reporting standards[138]. - The company has not applied any new accounting standards that are not yet effective for the current accounting period, indicating stability in accounting practices[151]. - The Group is currently assessing the impacts of new accounting guidelines issued by HKICPA, which may affect future financial reporting[152].

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。 （於開曼群島註冊成立的有限公司） （股份代號：2080） 截至二零二三年九月三十日止六個月 之中期業績公告 奧克斯國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此欣然宣佈 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之未 經審核綜合業績，連同截至二零二二年九月三十日止六個月之比較數字如下： 綜合損益表 截至二零二三年九月三十日止六個月－未經審核 （以港元表示） 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 收益 3 199,875 162,931 其他收益 4 7,329 7,927 其他（虧損）╱收入淨額 5 (135) 12,699 已售存貨成本 (42,690) (5,465) 物業清潔開支 (33,839) (36,124) 員工成本 6(b) (72,200) (69,503) 折舊及攤銷 6(e) (4,599) (4,995 ...

Revenue and Financial Performance - The Group's revenue increased by approximately 11.2% to approximately HK$397.1 million for the year ended 31 March 2023, driven mainly by a 13.8% increase in revenue from the property management segment[15]. - Revenue from property management services rose by HK$47.9 million from HK$328.2 million last year to HK$376.1 million this year, with value-added services generating HK$56.4 million in revenue[19]. - The lifestyle entertainment segment experienced a revenue decline of HK$8.1 million, representing a decrease of 27.9% from HK$29.1 million last year to HK$21.0 million this year[20]. - Overall group revenue increased by approximately 11.1% to approximately HK$397.1 million despite the decline in the lifestyle entertainment segment[40]. - The net profit for the year turned around from a net loss of HK$0.1 million to a net profit of HK$24.1 million[14]. - The group achieved a turnaround in net results, transitioning from a net loss of HK$0.1 million to a net profit of HK$24.1 million during the Year[47]. - The group reported a net profit of HK$24.1 million, reversing from a net loss of HK$0.1 million in the previous year[50]. Property Management Segment - The property management segment's total GFA under management increased from 8.68 million sq. m last year to 9.0 million sq. m this year[19]. - Property management services revenue increased by HK$47.9 million, from HK$328.2 million in FY21/22 to HK$376.1 million in the Year, primarily due to value-added services generating approximately HK$56.4 million in revenue[39]. - The total managed gross floor area increased from 8.68 million sq.m. to 9.0 million sq.m., with the number of projects managed rising from 65 to 66[38]. - The property management segment has shown consistent revenue growth in recent years, indicating potential for future expansion[86]. - The Group will focus on strengthening its brand reputation and providing more value-added services in the property management segment[90]. Lifestyle Entertainment Segment - The recovery of the Hong Kong market post COVID-19 has been slower than initially anticipated, impacting the lifestyle entertainment business[12]. - The company implemented new marketing strategies to adapt to changing consumer preferences in the lifestyle entertainment segment[20]. - Revenue from the lifestyle entertainment segment decreased by 27.9%, from HK$29.1 million to HK$21.0 million, reflecting changing consumer preferences and increased competition[39]. - The group maintains a cautious outlook on the lifestyle entertainment segment due to slower-than-expected economic recovery in Hong Kong[27]. - The Group aims to enhance operational efficiency and streamline procedures in the lifestyle entertainment segment to maximize productivity and minimize costs[85]. Cost Management - Staff costs decreased by HK$17.3 million, representing a 10.9% reduction, amounting to approximately HK$141.3 million for the Year[48]. - Employee costs decreased by HK$17.3 million (10.9%) to approximately HK$141.3 million, primarily due to reduced manpower needs from COVID-19 and the cessation of the photovoltaic business[51]. - Other operating expenses rose by approximately HK$6.1 million (17.7%) to HK$40.6 million, mainly due to impairment losses on trade receivables[54]. - The group's cost of sold inventory increased by HK$53.6 million to HK$61.3 million due to the expansion of property management services[49]. Corporate Governance - The Company has complied with all applicable code provisions in the Corporate Governance Code for the year ended March 31, 2023[110]. - All independent non-executive Directors confirmed their independence in accordance with the Listing Rules[119]. - The Board comprises seven Directors, reflecting a commitment to diversity in selection based on various perspectives including gender, age, and professional experience[171][172]. - The Company emphasizes corporate transparency and accountability, aiming for high standards of corporate governance[109]. - The Board provides leadership and strategic decisions while overseeing financial performance[112]. Risk Management - The Group has established a risk register to document all identified major risks and actions taken to mitigate them[197]. - The Group maintains a risk register to track major identified risks, which is updated at least annually to reflect new or removed risks[193]. - Risks are assessed annually based on their likelihood and potential impact on the Group[197]. - The effectiveness of the risk management framework will be updated through periodic management meetings[198]. - The Group adopts a "three lines of defense" governance framework for risk management[197]. Future Plans and Opportunities - The company plans to allocate more resources to identify and evaluate new opportunities in value-added services to inject additional growth momentum into the business[22]. - The group remains open to suitable investment prospects in e-commerce and internet information technology to diversify income sources[29]. - The Group plans to explore diverse business and investment opportunities in areas such as trading, property management, and internet information technology to diversify its income streams[73]. - The Group will regularly review its business strategy to seize favorable investment opportunities for sustainable growth[82]. Board Composition and Leadership - The company has appointed Ms. Chen Lingxiao as an executive director since September 1, 2022, with over 13 years of experience in finance and treasury management[99]. - The independent directors bring a wealth of experience from various industries, which can provide valuable insights for the company's strategic direction[100][105]. - The Company has established an enterprise risk management framework since 2016, ensuring effective internal controls are maintained by management while the Board oversees the process[187][191]. - The Board comprised four executive Directors and three independent non-executive Directors as of March 31, 2023, ensuring a strong independent element[113].

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 何部份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。 （於開曼群島註冊成立的有限公司） （股份代號：2080） 截至二零二三年三月三十一日止年度之 年度業績公告 奧克斯國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，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」）之綜合業績連同截至二零二二年三月三十一日止年度（「二零二二年財政年度」） 之比較數字如下： ...

Revenue Performance - The Group recorded revenue of approximately HK$162.9 million for the six months ended 30 September 2022, representing a decrease of 3.0% compared to HK$168.0 million for the same period in 2021[20]. - Revenue from the property management segment increased by approximately HK$6.5 million due to a rise in the number of projects managed, while the lifestyle entertainment segment saw a decrease of approximately HK$11.6 million due to temporary business suspension related to COVID-19 measures[20]. - The overall decrease in revenue was primarily attributed to the impact of COVID-19 prevention measures on the Group's clubbing business in Hong Kong[20]. - For the six months ended September 30, 2022, the company's revenue was HK$162.9 million, a decrease of 3.3% from HK$168.0 million in the same period of 2021[132]. - Revenue from club and restaurant operations in Hong Kong was HK$156,520,000, an increase of 4.4% compared to HK$149,993,000 in the previous year[180]. - Revenue from property management contracts in the PRC was HK$6,411,000, a significant decrease of 64.4% from HK$18,036,000 in the same period of 2021[180]. Profitability - The Group recorded a net profit of approximately HK$18.3 million for the six months ended 30 September 2022, compared to a net profit of approximately HK$8.6 million for the same period in 2021[31]. - The profit for the period was HK$18.3 million, representing an increase of 111.4% compared to HK$8.6 million in the previous year[132]. - The profit from operations increased to HK$25.2 million, up 57.0% from HK$16.1 million in the same period last year[132]. - Basic and diluted earnings per share were 3.2 cents, compared to 2.3 cents in the previous year, reflecting a growth of 39.1%[132]. - Total comprehensive income for the period was HKD (12,343,000), compared to HKD 12,536,000 in the previous year, indicating a significant decline[134]. Expenses and Costs - Staff costs decreased by approximately 5.4% or HK$4.0 million to approximately HK$69.5 million for the six months ended 30 September 2022, down from HK$73.5 million for the same period in 2021[21]. - The decrease in staff costs was mainly due to a reduction in the number of staff in the property management segment as a result of lean process improvements[21]. - Advertising and marketing expenses decreased by approximately 56.0% or HK$1.4 million to approximately HK$1.1 million for the six months ended 30 September 2022 from approximately HK$2.5 million for the same period in 2021[25]. - Other operating expenses increased by approximately 63.8% or HK$8.8 million to approximately HK$22.6 million for the six months ended 30 September 2022 from approximately HK$13.8 million for the same period in 2021[30]. Financial Position - As of 30 September 2022, total current assets were approximately HK$368.1 million, down from HK$431.3 million as of 31 March 2022, while current liabilities were approximately HK$227.6 million, down from HK$318.8 million[32]. - The Group maintained cash at bank and in hand of approximately HK$276.6 million as of 30 September 2022, compared to HK$330.2 million as of 31 March 2022[37]. - Total interest-bearing borrowings as of 30 September 2022 were approximately HK$59.6 million, down from HK$102.1 million as of 31 March 2022[38]. - The gearing ratio as of 30 September 2022 was approximately 0.3, compared to 0.4 as of 31 March 2022[38]. - The Group's capital structure included equity of approximately HK$217.2 million, down from HK$243.9 million as of March 31, 2022, and loans from the controlling shareholder of approximately HK$74.4 million, down from HK$110.9 million[44]. Strategic Initiatives - The Group aims to maintain its status as a leading nightlife entertainment service provider in Hong Kong as the industry recovers from the COVID-19 outbreak[12]. - The Group continues to explore opportunities for market expansion and new strategies in both lifestyle entertainment and property management segments[12]. - The property management segment is expected to continue being a stable revenue contributor, with plans to enhance brand reputation and explore value-added services[65]. - The Group aims to improve its market position in the lifestyle entertainment segment by attracting young customers and is evaluating the benefits of providing alcoholic beverages through various channels[63]. - The Group is exploring different business and investment opportunities to diversify its income streams, subject to board approval and compliance with listing rules[54]. Shareholder Information - As of September 30, 2022, Zheng Jian Jiang holds a long position of 337,950,000 ordinary shares, representing approximately 68.55% of the issued share capital of the Company[84]. - Ze Hui Limited, also controlled by Zheng Jian Jiang, holds the same number of shares, accounting for 68.55% of the issued share capital[84]. - Huiri Limited, a company in which Zheng Jian Jiang has a beneficial interest, also holds 337,950,000 shares, equating to 68.55% of the issued share capital[84]. - He Yi Ju, the spouse of Zheng Jian Jiang, is deemed to have an interest in the same number of shares, which is 337,950,000, or 68.55% of the issued share capital[88]. - Xu Xingen holds 32,400,000 shares, which is approximately 6.57% of the issued share capital[84]. Corporate Governance - The Audit Committee reviewed the financial reporting process and internal control procedures for the six months ended September 30, 2022[112]. - The interests of Directors and chief executives in shares and debentures were reported in compliance with the Securities and Futures Ordinance[80]. - As of September 30, 2022, no additional interests or short positions were reported by Directors or chief executives beyond those already disclosed[81]. Cash Flow and Financing - Cash generated from operations decreased significantly to HK$1,105,000 from HK$21,766,000, representing a decline of approximately 94.9% year-over-year[149]. - Net cash used in operating activities was HK$(11,678,000), compared to a net cash generation of HK$14,400,000 in the previous year[149]. - The company reported a net cash outflow from financing activities of HK$(20,530,000), a significant decrease from a net inflow of HK$4,399,000 in the prior year[152]. - The company utilized HK$29.0 million for repaying part of the loans from controlling shareholders as of September 30, 2022[113]. - The effect of foreign exchange rate changes resulted in a decrease of HK$(28,046,000) in cash and cash equivalents, highlighting the impact of currency fluctuations[152].

Financial Performance - The Group's revenue increased by approximately 17.9% to approximately HK$357.2 million for the year ended 31 March 2022[18]. - Revenue from property management services increased by HK$39.5 million, from HK$288.7 million last year to HK$328.2 million this year, driven by a 13.8% increase[19]. - Revenue from the lifestyle entertainment segment increased by HK$14.9 million, or 104.9%, from HK$14.2 million last year to HK$29.1 million this year[20]. - The Group achieved nearly doubled net assets and improved net result from a net loss of HK$8.6 million to almost breakeven this year[17]. - The Group achieved a revenue increase of approximately 17.9% to HK$357.2 million for the year ended March 31, 2022, compared to HK$302.9 million in the previous year[45]. - The Group's profit before taxation increased from HK$7.1 million last year to HK$18.5 million this year, representing a significant growth[49][53]. - The total revenue of the Group rose approximately 17.9% from HK$302.9 million to HK$357.2 million, driven by the contribution from Ningbo AUX, which increased from HK$288.7 million to HK$328.2 million[50]. Operational Challenges - The Group's operations faced significant challenges due to COVID-19 restrictions, impacting performance potential in Hong Kong[9]. - The Group's lifestyle entertainment segment is expected to improve as COVID-19 restrictions are gradually lifted[27]. - The Group maintains a conservative outlook for its lifestyle entertainment segment due to the expected persistence of the COVID-19 outbreak over the next 12 months[83]. - The Group is optimistic that demand for its goods and services will surge once COVID-19 restrictions are relaxed, leading to significant benefits from the industry's rebound[89]. Cost and Expense Management - The Group's property cleaning expenses increased by 20.0%, or approximately HK$13.0 million, from HK$65.0 million to HK$78.0 million due to enhanced sanitary measures[46]. - Staff costs rose by approximately 22.0% to approximately HK$158.5 million for the year ended March 31, 2022[47]. - The Group's advertising expenses increased by HK$3.3 million from HK$1.3 million to HK$4.6 million to adapt to changes in customer behavior[39]. - Utilities and repair and maintenance expenses rose by approximately HK$3.4 million or 13.1% for the year ended March 31, 2022[56][61]. - The Group emphasizes cost-conscious resource allocation in the lifestyle entertainment segment to prepare for potential further business restrictions[89]. Strategic Initiatives - The Group plans to explore opportunities in community value-added services to diversify income sources amid a potential slowdown in China's real estate industry[25]. - The Group plans to enhance operational efficiency in the lifestyle entertainment segment by streamlining procedures to adapt to the changing business environment[83]. - The Group continues to expand its portfolio to include industrial park projects, enhancing its brand image as a reputable hospital property management company[84]. - The Group is actively identifying favorable investment opportunities while regularly reviewing its business performance to enhance its balanced earning portfolio[88]. - The Group plans to explore diverse business and investment opportunities in areas such as trading and property management to diversify income streams[74]. Corporate Governance - The Board comprises four executive directors and three independent non-executive directors, with independent non-executive directors representing more than one-third of the Board[117]. - The Company has complied with all applicable code provisions of the Corporate Governance Code for the year ended March 31, 2022[112]. - The Company adopted the Model Code for Securities Transactions by Directors, with all directors confirming compliance throughout the year[113]. - The Company is committed to achieving high standards of corporate governance to improve results and corporate image[111]. - The Board oversees financial performance and has delegated daily management powers to the management team[114]. - The Company recognizes the importance of corporate transparency and accountability[111]. - The Board has been active in providing leadership and strategic decisions for the Group's activities[114]. Risk Management - The Audit Committee conducted an annual review of the risk management and internal control systems, ensuring adequacy in resources and staff qualifications[191]. - The Group appointed Mazars Risk Advisory Services Limited to assist in identifying and assessing risks through workshops and interviews[196]. - An independent review of internal control and risk management systems was conducted, with findings reported to the Audit Committee and the Board[197]. - The enterprise risk management framework was established in 2016, with the Board responsible for maintaining effective internal controls[199]. - Risks are identified, assessed, prioritized, and treated through a structured risk management framework following the COSO model[200]. - The Audit Committee oversees risk management and internal audit functions, providing regular reports to the Board[200]. Human Resources - As of March 31, 2022, the Group employed approximately 1,089 employees, an increase from 1,077 employees as of March 31, 2021[82]. - The service contracts for key executives have an initial term of three years, automatically renewing for one-year terms thereafter[130]. - The Company encourages continuous professional development for Directors, providing training and seminars[122]. Financial Position - As of March 31, 2022, the Group's total current assets were approximately HK$431.3 million, up from approximately HK$324.5 million the previous year[58][62]. - The Group maintained cash at bank and in hand of approximately HK$330.2 million as of March 31, 2022, compared to HK$227.2 million the previous year[59][62]. - As of March 31, 2022, total interest-bearing borrowings were approximately HK$102.1 million, down from HK$108.3 million as of March 31, 2021, resulting in a gearing ratio of 0.4 compared to 0.8 the previous year[64]. - The Group's equity increased to approximately HK$243.9 million as of March 31, 2022, up from approximately HK$135.7 million as of March 31, 2021[67]. - Loans from the controlling shareholder rose to approximately HK$110.9 million as of March 31, 2022, compared to HK$85.3 million the previous year[67].

Revenue Performance - The Group recorded revenue of approximately HK$168.0 million for the six months ended 30 September 2021, representing an increase of 22.4% compared to HK$137.2 million for the same period in 2020[28]. - The lifestyle entertainment segment contributed an increase of approximately HK$9.2 million in revenue due to the gradual recovery of market conditions post-COVID-19[28]. - Revenue from club and restaurant operations in Hong Kong was HKD 18,036,000, an increase from HKD 8,804,000[188]. - Revenue from property management contracts in the PRC reached HKD 149,993,000, up from HKD 128,411,000[188]. - Total revenue for the group was HKD 168,029,000, compared to HKD 137,215,000 in the previous period[188]. - Revenue from property management contracts with a significant customer amounted to approximately $13 million for the six months ended September 30, 2021, compared to $19 million for the same period in 2020, indicating a decrease of about 31.6%[191]. Financial Performance - The Group recorded a net profit of approximately HK$8.6 million for the six months ended 30 September 2021, compared to a net loss of approximately HK$7.0 million for the same period in 2020[40]. - Profit for the period was HKD 8,641,000, a significant recovery from a loss of HKD 7,029,000 in the previous year[143]. - Basic and diluted earnings per share increased to 2.3 cents from a loss of 1.9 cents per share in the prior year[141]. - Total comprehensive income for the period was HKD 12,536,000, compared to HKD 525,000 in the same period last year[143]. Expenses and Costs - Staff costs increased by approximately 19.3% or HK$11.9 million to approximately HK$73.5 million for the six months ended 30 September 2021, up from HK$61.6 million in the same period in 2020[29]. - Advertising and marketing expenses rose by approximately 177.8% or HK$1.6 million to HK$2.5 million for the six months ended 30 September 2021, compared to HK$0.9 million in the previous year[33]. - Utilities expenses increased by approximately HK$3.7 million or 57.8% for the six months ended 30 September 2021[34]. - Repair and maintenance expenses increased by approximately HK$1.1 million or 13.3% for the same period, primarily due to new hygiene measures implemented in response to COVID-19[34]. - The decrease in other operating expenses was approximately 2.8% or HK$0.4 million, totaling approximately HK$13.8 million for the six months ended 30 September 2021[38]. Assets and Liabilities - Total current assets were approximately HK$358.3 million and current liabilities were approximately HK$298.8 million as of 30 September 2021, resulting in a current ratio of 1.2 times[41]. - Cash at bank and in hand was approximately HK$252.2 million as of 30 September 2021, up from HK$227.1 million as of 31 March 2021[45]. - Total interest-bearing borrowings amounted to approximately HK$105.9 million as of 30 September 2021, with a gearing ratio of approximately 0.71[46]. - The Group's equity was approximately HK$148.2 million as of 30 September 2021, an increase from HK$135.7 million as of 31 March 2021[56]. - Net current assets decreased to HK$59,477,000 from HK$122,106,000, a decline of 51.2%[151]. - Total assets less current liabilities decreased to HK$180,931,000 from HK$244,869,000, a decline of 26.1%[151]. Shareholder Information - The Company conditionally agreed to issue 118,000,000 shares at a subscription price of HK$0.63 per share for a total consideration of HK$74,340,000[50]. - As of September 30, 2021, the company had 374,984,000 shares issued[100]. - Zheng Jian Jiang held a long position of 219,950,000 shares, representing approximately 58.66% of the issued share capital[99]. - Ze Hui Limited, a controlled corporation, also held 219,950,000 shares, equating to 58.66% of the issued share capital[99]. - Xu Xingen was a beneficial owner of 32,400,000 shares, which is approximately 8.64% of the issued share capital[99]. - Chen Yongan held 21,600,000 shares, representing about 5.76% of the issued share capital[99]. Corporate Governance and Compliance - The Company has complied with the Corporate Governance Code during the six months ended 30 September 2021[119]. - The company confirmed full compliance with the standards set out in the Listing Rules regarding securities trading by directors as of September 30, 2021[88]. - The interests of directors and chief executives in shares and debentures were disclosed in accordance with the Securities and Futures Ordinance[90]. - The Audit Committee reviewed the financial reporting process and internal control procedures for the six months ended September 30, 2021[121]. Business Strategy and Future Outlook - The Group aims to maintain its status as a leading nightlife entertainment service provider in Hong Kong as the industry recovers from COVID-19[21]. - The Group plans to explore different business and investment opportunities to diversify its income streams[71]. - The Group expects to fund its capital expenditures and working capital from net proceeds from share placements and cash generated from operations[45]. - The Group will review and adjust its hedging and financial strategies based on the RMB and HKD exchange rate movements[73]. Segment Information - The group operates primarily in the clubbing business and restaurant and bar outlets, along with property management services[182]. - The group has identified two reportable segments for internal performance assessment and resource allocation[184]. - The measure used for reporting segment profit is "adjusted EBITDA," which includes adjustments for items not specifically attributed to individual segments, such as other revenue and corporate administration costs[199]. - The revenue disaggregation by service lines and geographical location is crucial for evaluating market trends and customer engagement[190].

Financial Performance - The Group's total revenue decreased by approximately 10.9% from HK$340.0 million last year to HK$302.9 million this year[12]. - Revenue from the lifestyle entertainment segment dropped significantly by approximately HK$37.8 million, from HK$52.0 million to HK$14.2 million[12]. - The Group's profit before taxation decreased from HK$29.2 million last year to HK$7.1 million this year, representing a decline of approximately 75.7%[18]. - The lifestyle entertainment segment recorded revenue of HK$14.2 million for the year ended 31 March 2021, down from HK$52.0 million in the previous year, indicating a decline of approximately 72.7%[37]. - The Group reported a loss of approximately HK$8.6 million for the year ended 31 March 2021, compared to a profit of approximately HK$13.2 million for the previous year, primarily due to a revenue decrease of HK$37.1 million and increased impairment losses of HK$16.9 million[50][54]. Operational Changes - The number of projects managed by the Group decreased from 64 to 63, while the aggregate contracted gross floor area increased from 7.19 million sq.m. to 7.62 million sq.m.[13]. - The Group continues to optimize its project portfolio, focusing on larger service area projects[13]. - The Group's lifestyle entertainment segment was significantly impacted by COVID-19 prevention measures, leading to operational challenges[12]. - The Group expects the economy to fully recover to pre-COVID-19 status in another 6 to 12 months[21]. - The Group aims to expand its lifestyle entertainment segment through the introduction of new brands and potential acquisitions[22]. Cost Management - Staff costs decreased by approximately 16.8% or HK$26.2 million to approximately HK$129.9 million for the year ended 31 March 2021 from HK$156.1 million for the previous year[40]. - Property rentals and related expenses decreased by approximately 58.5% or HK$5.5 million to approximately HK$3.9 million for the year ended 31 March 2021 from HK$9.4 million for the previous year[42]. - Utilities and repair and maintenance expenses decreased by approximately HK$3.6 million or 12.2% for the year ended 31 March 2021, mainly due to the termination of a commercial complex management project[47][50]. - Advertising and marketing expenses dropped by approximately 69.0% to about HK$1.3 million for the year ended 31 March 2021, primarily due to COVID-19 restrictions[46]. Asset and Liability Management - Total current assets as of 31 March 2021 were approximately HK$324.5 million, up from approximately HK$302.6 million in the previous year, while current liabilities increased to approximately HK$202.4 million from HK$177.8 million[51][55]. - The current ratio as of 31 March 2021 was about 1.6 times, slightly down from 1.7 times in the previous year[51][55]. - Cash at bank and in hand increased to approximately HK$227.2 million as of 31 March 2021, compared to approximately HK$206.7 million a year earlier[52][55]. - Total interest-bearing borrowings decreased to approximately HK$108.3 million as of 31 March 2021 from HK$131.3 million in the previous year, with a gearing ratio of 0.80 compared to 1.02[53][56]. Corporate Governance - The Company has adopted a high standard of corporate governance and is committed to transparency and accountability[108]. - The Board comprised four executive Directors and three independent non-executive Directors as of 31 March 2021[114]. - The independent non-executive Directors represent more than one-third of the Board, ensuring a strong independent element[114]. - The Company has complied with all applicable code provisions in the Corporate Governance Code for the year ended 31 March 2021[109]. - The positions of Chairman and Chief Executive Officer were held separately, with Mr. Zheng Jiang as Chairman and Mr. Chan Hon Ki as CEO[121]. Risk Management - The Group's enterprise risk management framework was established in 2016, with the Board responsible for maintaining effective internal controls[186]. - The Group adopts a "three lines of defence" corporate governance structure for risk management, with operational management, finance and compliance monitoring, and independent internal audit conducted by BTCG[189]. - The risk register is updated at least annually to track major risks and management actions taken to mitigate them[189]. - The effectiveness of the Group's risk management framework is evaluated at least annually, with periodic management meetings to update risk monitoring efforts[190]. - The Company engages external independent professionals annually to review and enhance its internal control and risk management systems[191]. Employee Management - The Group employed approximately 1,077 employees as of March 31, 2021, down from 1,304 employees as of March 31, 2020[74]. - The Company encourages Directors to participate in continuous professional development courses and seminars[121]. Future Outlook - The Group expects to benefit from the recovery of Hong Kong's economy post-COVID-19, particularly in its lifestyle entertainment segment[76]. - The Group plans to explore different business and investment opportunities in areas such as trading, property management, and healthcare[67].