Financial Performance - Revenue for the fiscal year ending March 31, 2024, was HK$357.11 million, a decrease from HK$456.57 million in the previous year[5] - Gross profit for the year was HK$14.20 million, up from HK$5.91 million in the previous year[5] - Net profit attributable to the company's owners was HK$14.76 million, compared to a loss of HK$127.61 million in the previous year[5] - Total revenue for the fiscal year ending March 31, 2024, was approximately HKD 357.1 million, a decrease of HKD 99.5 million compared to the previous year's HKD 456.6 million, primarily due to a decline in the computer and electronic products trading business[143] - Gross profit margin for the year was 4.0%, up from 1.3% in 2023, driven by higher margins in the food trading business[143] - Revenue from the computer and electronic products trading business decreased by HKD 177.5 million to HKD 248.8 million, while the food trading business revenue increased by HKD 82.1 million to HKD 107.0 million[146] - Financial services business revenue decreased by HKD 4.0 million to HKD 1.3 million, including securities brokerage, consulting services, and lending businesses[146] - The company recorded a net reversal of expected credit losses on financial assets of HKD 54.0 million, compared to a provision of HKD 59.7 million in the previous year, mainly due to changes in expected credit losses from loan repayments[147] - Expected credit losses on receivables from cash customers decreased by HKD 56.4 million, reflecting slower economic deterioration and reduced stock market volatility[147] - The company recorded a profit of HKD 11 million for the fiscal year ending March 31, 2024, compared to a loss of HKD 130 million in the previous year[161] - The company's attributable profit to owners was HKD 14.8 million for the fiscal year ending March 31, 2024, compared to a loss of HKD 127.6 million in the previous year[162] Assets and Liabilities - Total assets increased to HK$478.16 million from HK$437.89 million in the previous year[8] - Cash and cash equivalents rose to HK$67.73 million from HK$30.96 million in the previous year[8] - Total liabilities decreased to HK$198.92 million from HK$251.61 million in the previous year[10] - The company's equity attributable to owners increased to HK$282.97 million from HK$179.94 million in the previous year[10] - Net current assets improved to HK$42.56 million from a net current liability of HK$55.25 million in the previous year[10] - Total equity as of March 31, 2024, amounted to 279,239 thousand HKD, compared to 186,282 thousand HKD in the previous year, reflecting a significant increase[11] - Total assets increased to HK$478,159 thousand as of March 31, 2024, from HK$437,887 thousand in the previous year, with significant contributions from property, plant, and equipment (HK$192,767 thousand) and cash and cash equivalents (HK$13,815 thousand)[47] - The company's total liabilities decreased to HK$198,920 thousand in 2024 from HK$251,605 thousand in 2023, primarily due to a reduction in trade payables and accrued expenses[47] - The company's net asset value increased to HKD 279.2 million as of March 31, 2024, from HKD 186.3 million in the previous year[166] - The company's current ratio improved to 1.2 as of March 31, 2024, from 0.8 in the previous year[166] - The company's capital-to-debt ratio decreased significantly to 12.6% as of March 31, 2024, compared to 43.3% on March 31, 2023[167] Business Segments - The company operates in three main business segments: computer and electronics trading, food trading, and financial services[19] - The company operates in three reportable segments: Computer & Electronics Trading, Food Trading, and Financial Services, with revenues of HK$248.84 million, HK$107.00 million, and HK$1.27 million respectively[41] - The Financial Services segment reported a significant profit of HK$52.11 million, driven by a net reversal of expected credit losses of HK$54.14 million[41] - The Computer & Electronics Trading segment recorded a loss of HK$22.23 million, primarily due to higher sales costs and administrative expenses[41] - The Food Trading segment showed a profit of HK$2.33 million, supported by a reduction in sales costs and other income[41] - Revenue from the computer and electronics trading business decreased by 41.6% to HKD 248,800,000 from HKD 426,300,000, resulting in a segment loss of HKD 22,200,000[132] - The food trading business generated revenue of HKD 107,000,000 and a segment profit of HKD 2,300,000[134] - The financial services business recorded total revenue of HKD 1,300,000 and a segment profit of HKD 52,100,000, driven by a HKD 63,100,000 reversal of impairment provisions[135][136] Financial Reporting and Standards - The company's functional currency is HKD, and all financial data is presented in thousands of HKD[20] - The company has applied new and revised Hong Kong Financial Reporting Standards (HKFRS) effective from April 1, 2023, including HKFRS 17 (Insurance Contracts), HKAS 8 (Definition of Accounting Estimates), HKAS 12 (Deferred Tax related to Assets and Liabilities from Single Transactions), and HKAS 1 (Disclosure of Accounting Policies)[21] - The amendments to HKAS 8 (Definition of Accounting Estimates) provide further guidance on distinguishing between changes in accounting policies and changes in accounting estimates, with no significant impact on the company's financial statements[23] - The amendments to HKAS 1 and HKFRS Practice Statement 2 require entities to disclose significant accounting policy information, and the company has reviewed its past disclosures to ensure compliance[24] - The amendments to HKAS 12 narrow the scope of initial recognition exemptions, particularly affecting deferred tax assets and liabilities related to leases and decommissioning obligations, with no impact on the overall deferred tax balance[25] - The company has not early adopted certain revised HKFRS that are not yet effective, including HKFRS 10, HKAS 28, HKFRS 16, HKAS 1, and HKAS 7, with no expected significant impact on future financial statements[28] - The amendments to HKAS 1 (Classification of Liabilities as Current or Non-current) and HK Interpretation 5 (2020) clarify the classification of liabilities and will be effective from January 1, 2024, with no expected reclassification of the company's liabilities[30][31] Credit and Risk Management - The company's credit risk management includes assessing debtor aging to evaluate impairment for trade business customers[101] - The expected credit loss rate for Stage 3 loans improved to 76.33% in 2024 from 86.52% in 2023, reflecting better credit risk management[86][88] - The expected credit loss rate for Stage 3 receivables increased to 95.87% in 2024 from 93.99% in 2023[95] - The company recorded a reversal of expected credit losses on receivables of HKD 58.2 million for the fiscal year ending March 31, 2024, compared to HKD 6 million in the previous year[153] - The company wrote off HKD 24.4 million in expected credit losses on receivables and HKD 7.5 million in receivables interest for the fiscal year ending March 31, 2024[153] - The group recorded an impairment provision of HKD 182,000 for trade receivables based on the provision matrix for the year ended March 31, 2024, compared to a reversal of HKD 24,000 in the previous year[105] Corporate Governance and Compliance - The company is registered in the Cayman Islands and listed on the Hong Kong Stock Exchange[19][20] - The company maintained high standards of corporate governance and complied with the Corporate Governance Code as of March 31, 2024[192] - The Audit Committee reviewed the company's financial reporting, risk management, and internal control procedures, including discussions with directors and external auditors[193] - The company's auditor, Baker Tilly Hong Kong CPA Limited, confirmed that the preliminary results for the year ended March 31, 2024, were consistent with the consolidated financial statements[194] - The Annual General Meeting (AGM) is scheduled for September 24, 2024, with details to be provided in the AGM notice[195] Future Plans and Strategies - The company plans to explore new technologies and business models in the computer and electronics trading sector to capitalize on the growing demand for electronic components and devices[137] - The company expects increased demand for healthy food products, particularly salmon and premium frozen meats, in the post-pandemic era[138] - The company aims to develop a comprehensive asset management and financial services platform, including family offices, asset management, securities, lending, investment immigration, international education, real estate investment, and Greater Bay Area development research[140] - The company plans to expand and build a professional team for family office services, establish legal and regulatory frameworks, and provide financial services such as wealth management, investment consulting, and tax planning[140] - The company will focus on ESG investment principles to support environmental and social development, creating more value for shareholders and society[141] Share Issuance and Capital - Share issuance during the year included 25,516 thousand HKD from share placements and 56,824 thousand HKD from rights issues[11] - The company completed a rights issue on January 22, 2024, raising approximately HKD 55.4 million, with HKD 23.5 million utilized by March 31, 2024, and the remaining HKD 31.9 million to be used by December 2024[170][171] - The rights issue proceeds were allocated as follows: 15-20% for food trading business, 20% for securities brokerage services, 30-35% for strategic opportunities, and 25-35% for general working capital[173] - The company issued 105,228,000 new shares on September 19, 2023, raising approximately HKD 26.3 million, with the net proceeds of HKD 25.5 million fully utilized for general working capital by March 31, 2024[175][176] - The total number of issued and fully paid ordinary shares increased to 947,085,300 as of March 31, 2024, compared to 526,162,200 on March 31, 2023[177] Employee and Compensation - The company had 56 employees as of March 31, 2024, an increase from 44 employees in the previous year[183] - Employee benefits expenses (including directors' remuneration) totaled approximately HKD 19.2 million for the year ended March 31, 2024, compared to HKD 12.9 million in the previous year[183] - Employee benefits expenses increased to HKD 19,242 thousand in 2024 from HKD 12,936 thousand in 2023, with short-term employee benefits rising to HKD 17,609 thousand from HKD 11,945 thousand[58] Other Financial Information - The company's income is primarily derived from the sale of goods, with HK$355.84 million in 2024, and a minor contribution from commission income, which decreased to HK$13,000 from HK$108,000 in 2023[37] - The company's annual profit for 2024 was HK$11.03 million, after accounting for unallocated income and expenses, and a minimal tax expense of HK$115,000[41] - The company's other income and gains amounted to HKD 2.5 million for the fiscal year ending March 31, 2024, compared to HKD 400,000 in the previous year[157] - The company's financial costs increased by HKD 3 million to HKD 11.7 million for the fiscal year ending March 31, 2024, primarily due to rising interest rates[158] - The company's income tax expense decreased to HKD 100,000 for the fiscal year ending March 31, 2024, from HKD 20.3 million in the previous year[160] - The company's cash and cash equivalents increased to HKD 67.7 million as of March 31, 2024, from HKD 31 million in the previous year[166] - The company recorded a foreign exchange gain of approximately HKD 500,000 in 2024, compared to HKD 200,000 in 2023, and did not use any forward foreign exchange contracts to hedge foreign exchange risks[181] - The company had no significant contingent liabilities as of March 31, 2024[182] - The company did not recommend paying a final dividend for the year ended March 31, 2024, consistent with the previous year[184] - No significant events occurred after March 31, 2024, up to the date of the announcement[185] Board and Management Changes - The Board of Directors underwent changes, with Mr. Chan Wing Sum appointed as Executive Director and CEO on August 24, 2023, and Ms. Kwok Ling Yi resigning as Executive Director on April 5, 2024[186] - Ms. Luo Ying was appointed as an Executive Director on April 5, 2024[187]

智通财经APP讯，华邦科技(03638)发布公告，黄国明已提呈辞任(i)公司秘书;(ii)香港法例第622章公司条例第16部及香港联合交易所有限公司证券上市规则第3.05条项下所规定的公司的授权代表;及(iii)上市规则第19.05(2)条项下所规定的代公司在香港接收法律程序文件及通知书的公司授权代表，自2024年4月1日起生效。 苏永俊已获委任为公司秘书、授权代表及法律程序文件代理人，自2024年4月1日起生效。 ...

Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 197,320,000, representing an increase of 56.7% compared to HKD 125,883,000 for the same period in 2022[8]. - The gross loss for the period was HKD 6,165,000, compared to a gross profit of HKD 6,382,000 in the previous year, indicating a shift in profitability[8]. - Operating loss decreased to HKD 35,635,000 from HKD 73,456,000 year-on-year, showing an improvement in operational efficiency[8]. - The net loss for the period was HKD 42,220,000, down from HKD 67,933,000 in the same period last year, reflecting a reduction in overall losses[10]. - The company reported a diluted loss per share of HKD 6.22, an improvement from HKD 15.68 in the previous year[8]. - The group reported a loss before tax of HKD 41,961,000 for the six months ended September 30, 2023, compared to a loss of HKD 76,581,000 for the same period in 2022, showing an improvement of 45.2%[41]. - The company reported a total comprehensive loss of HKD 33,029,000 for the six months ended September 30, 2023[20]. - The company reported a loss attributable to owners of HKD 32,913,000 for the six months ended September 30, 2023, compared to a loss of HKD 68,972,000 in the same period last year, representing a 52% improvement[56]. Assets and Liabilities - Total assets as of September 30, 2023, were HKD 405,044,000, a decrease from HKD 437,887,000 as of March 31, 2023[12]. - Total liabilities amounted to HKD 235,582,000, down from HKD 251,605,000, indicating a decrease in financial obligations[13]. - Non-current assets decreased to HKD 242,424,000 from HKD 250,381,000, reflecting a reduction in long-term investments[12]. - The company's total equity attributable to owners was HKD 172,422,000, down from HKD 179,935,000 at the end of the previous reporting period[12]. - The net current liabilities of the group as of September 30, 2023, were approximately HKD 65,867,000, compared to HKD 55,248,000 as of March 31, 2023[25]. - The company's total equity attributable to owners increased to HKD 169,462,000 as of September 30, 2023, from HKD 248,152,000 at the end of the previous year[20]. Cash Flow and Liquidity - Cash and cash equivalents increased to HKD 35,913,000 from HKD 30,959,000, indicating improved liquidity[12]. - For the six months ended September 30, 2023, the company reported a net cash outflow from operating activities of HKD 1,017,000, compared to a net inflow of HKD 10,054,000 for the same period in 2022[20]. - The net cash inflow from financing activities for the six months ended September 30, 2023, was HKD 6,075,000, an increase from HKD 3,765,000 in the previous year[20]. - As of September 30, 2023, the company's cash and cash equivalents amounted to HKD 35,913,000, down from HKD 61,068,000 at the end of the previous year[20]. - The group’s cash and cash equivalents increased to HKD 25,598,000 as of September 30, 2023, compared to HKD 3,728,000 as of March 31, 2023, representing a significant increase of 586.5%[45]. Revenue Segments - The company has three operational segments: computer and electronic products trading, food trading, and financial services, following the acquisition of a food trading business[36]. - Revenue from customer contracts amounted to HKD 196,677,000, up from HKD 122,670,000, reflecting a growth of 60.3% year-over-year[35]. - The revenue from the computer and electronic products trading business was approximately HKD 141 million, an increase of about HKD 18.4 million from approximately HKD 122.6 million in the same period last year[98]. - The revenue from the food trading business was approximately HKD 55.6 million, a significant increase from zero in the same period last year[98]. - The financial services segment recorded total revenue of approximately HKD 600,000, down from approximately HKD 3.3 million in the same period last year, resulting in a segment loss of approximately HKD 9.6 million[88]. Strategic Initiatives - The company plans to implement multiple strategies to improve revenue from its computer products and food trading businesses to generate positive operating cash flow in the next twelve months[25]. - The group aims to explore suitable acquisition opportunities in the electronics and semiconductor industry to achieve synergies with its existing electronic trading business[92]. - The food trading business is expected to perform well as consumer spending levels rise with the recovery of economic activities in Hong Kong[92]. - The group continues to implement cost control measures and enhance operational efficiency in response to challenging market conditions[85]. - The group has maintained close business relationships with suppliers and customers to navigate market uncertainties[85]. Shareholder Matters - The company did not recommend any interim dividend for the current period, consistent with the previous year[58]. - Major shareholder Yongxing Capital Limited holds approximately 38.64% of the issued share capital, with 243,989,600 shares[132]. - The company proposed to raise up to HKD 56.83 million through a rights issue, issuing up to 315,695,100 shares at a subscription price of HKD 0.18 per share[129]. - The company issued 105,228,000 new shares at HKD 0.25 per share on September 19, 2023, raising approximately HKD 25,500,000 for general working capital[73]. Governance and Compliance - The company is committed to high levels of corporate governance to protect shareholder interests and enhance corporate value and accountability[190]. - The audit committee, consisting of three independent non-executive directors, reviewed the group's financial reporting, risk management, and internal control procedures[191]. - The company has adopted a code of conduct for directors regarding securities trading, which complies with the standards set out in the listing rules[184].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公佈之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 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。 3638 截至二零二三年九月三十日止六個月 中期業績 華邦科技控股有限公司（「本公司」）董事會（「董事會」）欣然公佈以下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（「本期」）的未經審核中期簡明合併 業績，連同二零二二年同期（「去年同期」）的未經審核比較數字如下： ...

Financial Performance - For the fiscal year ending March 31, 2023, the total revenue was approximately HKD 456.6 million, a decrease of about HKD 1,245.9 million compared to HKD 1,702.5 million in the previous year, representing a decline of approximately 73%[9] - The gross profit for the year was HKD 5.9 million, significantly down from HKD 38.4 million in the previous year, indicating a decline of approximately 84%[7] - The loss attributable to the owners of the company for the year was approximately HKD 127.6 million, compared to a loss of HKD 241 million in the previous year, showing an improvement of about 47%[9] - Total assets as of March 31, 2023, were HKD 437.9 million, down from HKD 514.8 million in the previous year, a decrease of approximately 15%[7] - The total liabilities increased to HKD 251.6 million from HKD 220.1 million, representing an increase of about 14%[7] - The overall economic environment remains challenging due to the ongoing impact of the COVID-19 pandemic, affecting global trade and production[9] - The gross profit margin for the year was approximately 1.3%, down from 2.3% in the previous year, primarily due to lower gross profits from financial services and computer product trading[24] - The group recorded a loss of approximately HKD 130,000,000 for the year, an improvement from a loss of approximately HKD 239,400,000 in the previous year[48] - Loss attributable to the company's owners was approximately HKD 127,600,000, resulting in a basic and diluted loss per share of HKD 0.2655, compared to HKD 0.5551 last year[49] Business Segments - The computer products trading segment's revenue decreased by approximately HKD 1,255,400,000 to about HKD 426,300,000, representing a decline of approximately 74.6%[16] - The food trading business contributed approximately HKD 24,900,000 in revenue and HKD 1,500,000 in segment profit for the year ended March 31, 2023[17] - The financial services segment recorded total revenue of approximately HKD 5,300,000, down from HKD 20,800,000 in the previous year, with a segment loss of approximately HKD 62,900,000[19] - Financial services revenue, including brokerage, advisory, and lending services, was approximately HKD 5,300,000, down by about HKD 15,500,000 from last year's HKD 20,800,000[26] - The financial services segment's securities brokerage business recorded revenue of approximately HKD 500,000, down from HKD 12,600,000 in the previous year, with a segment loss of approximately HKD 68,100,000[19] Strategic Initiatives - The company completed the acquisition of 100% equity in Zhengwei International Food Co., Ltd. and Lingjin International Food Co., Ltd. on January 11, 2023, enhancing its business layout in the food trading sector[12] - The company expects the mainland Chinese market, particularly the Greater Bay Area, to be a primary focus for future growth and market expansion[20] - The company plans to continue exploring new business opportunities and divisions to expand revenue sources and create long-term value for shareholders[16] - The company aims to monitor market trends and adjust its business strategies accordingly to respond to varying market conditions[10] - The company is considering reducing or terminating its financial services business due to ongoing uncertainties in the financial services environment[23] Operational Efficiency - The company continues to focus on improving operational efficiency and implementing cost-saving measures in response to challenging market conditions[10] - The company aims to enhance operational efficiency and implement cost control measures in response to challenging market conditions[16] - The management is committed to maintaining a healthy balance sheet and strengthening long-term business relationships with clients[10] Credit Loss and Receivables - Expected credit loss for financial assets was approximately HKD 59,700,000, a decrease of about HKD 185,800,000 from last year's HKD 245,500,000[28] - The expected credit loss provision for receivables amounted to approximately HKD 6,000,000 for the year ended March 31, 2023, a significant decrease from HKD 122,700,000 in 2022[35] - The expected credit loss for cash receivables was recorded at approximately HKD 60,400,000 for the year ended March 31, 2023, down from HKD 116,000,000 in 2022, primarily due to market volatility and economic downturn[39] - As of March 31, 2023, the total receivables overdue for more than 90 days amounted to HKD 151,057,000, with an expected credit loss of HKD 130,695,000, resulting in a credit loss rate of 86.52%[37] - The total receivables as of March 31, 2023, included cash client receivables with a total book value of HKD 241,290,000, with an expected credit loss of HKD 225,325,000, resulting in a credit loss rate of 93.38%[41] Shareholder and Governance - The board does not recommend the payment of a final dividend for the year ended March 31, 2023[64] - The company has established a shareholder communication policy to ensure timely and balanced information dissemination to shareholders and potential investors[187] - The board is committed to a sustainable dividend policy, balancing shareholder expectations with prudent capital management, and will continuously review the policy[93] - The company has no significant violations of applicable laws and regulations during the year, ensuring compliance in all material aspects[98] - The company has identified various risks that may adversely affect its performance and strategy implementation, with ongoing management of these risks[95] Environmental, Social, and Governance (ESG) - The company reported its ESG performance and policies in compliance with the Hong Kong Stock Exchange listing rules, focusing on sustainable development and social responsibility[191] - The ESG report covers key performance indicators primarily from operations in Hong Kong, which account for nearly all of the group's revenue, excluding operations in China due to their insignificance[191] - The company emphasizes long-term sustainable value creation for shareholders through projects that positively impact the community[192] - Stakeholder engagement is identified as a key success factor, with various channels established for regular communication and feedback collection[198] - The company has committed to compliance with laws and regulations, ensuring safety and environmental protection while fulfilling social responsibilities[199]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公佈之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 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。 3638 截至二零二三年三月三十一日止年度 年度業績公佈 華邦科技控股有限公司（「本公司」）董事會（「董事會」）呈列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」）的合併業績，連同截至二零二二 年三月三十一日止相應年度（「去年」）的比較數字。 ...

Financial Performance - Revenue for the six months ended September 30, 2022, was HKD 125,883,000, a decrease of 89.9% compared to HKD 1,242,516,000 for the same period last year[19] - Gross profit for the period was HKD 6,382,000, down from HKD 25,804,000, indicating a significant decline in profitability[19] - Operating loss for the six months was HKD 73,456,000, slightly improved from a loss of HKD 73,657,000 in the previous year[19] - Loss attributable to owners of the company was HKD 68,972,000, compared to HKD 68,210,000 in the same period last year[19] - Basic and diluted loss per share was HKD 15.68, marginally better than HKD 15.71 for the previous year[19] - Total comprehensive loss for the period was HKD 68,469,000, compared to HKD 66,604,000 in the previous year[21] - The company incurred a total loss before tax of HKD 76,581,000 for the period, with a net loss of HKD 67,933,000 after tax[88] - The group reported a net loss of HKD 66,724 for the period, with a pre-tax loss of HKD 77,042[90] Assets and Liabilities - As of September 30, 2022, total assets amounted to HKD 481,949,000, a decrease from HKD 514,774,000 as of March 31, 2022, representing a decline of approximately 6.35%[23] - Current assets decreased to HKD 219,921,000 from HKD 253,967,000, reflecting a decline of about 13.41%[23] - The company reported a total equity of HKD 248,152,000, down from HKD 294,700,000, which is a decrease of approximately 15.73%[25] - Current liabilities rose to HKD 233,158,000 from HKD 219,874,000, marking an increase of approximately 6.00%[26] - Total liabilities were HKD 233,797, with trade business liabilities at HKD 199,687 and financial services liabilities at HKD 12,876[100] Cash Flow and Financing - For the six months ended September 30, 2022, the net cash flow from operating activities was HKD 10,054,000, a decrease of 47.5% compared to HKD 19,135,000 in the same period of 2021[74] - The net cash flow from financing activities was HKD 3,765,000, compared to a cash outflow of HKD 980,000 in the same period of 2021[74] - The company reported a total cash and cash equivalents balance of HKD 61,068,000 as of September 30, 2022, down from HKD 87,872,000 a year earlier[74] - The company’s borrowings decreased to HKD 162,570,000 from HKD 177,373,000, indicating a reduction of approximately 8.32%[26] - The company’s bank borrowings as of September 30, 2022, amounted to HKD 152,570,000, secured by leasehold properties valued at HKD 205,062,000[161] Operational Segments - The company has identified two main operating segments: trading business and financial services, which are evaluated based on their performance and resource allocation[85] - The trading business segment's overall revenue decreased by approximately HKD 1,101,800,000 to about HKD 122,600,000, representing a decline of approximately 90%[178] - The financial services segment generated total revenue of approximately HKD 3,300,000, down from approximately HKD 18,200,000 in the same period last year[180] - The group’s lending business recorded revenue of approximately HKD 2,900,000, a decrease of about 67.89% compared to HKD 9,000,000 in the same period last year, with a segment loss of approximately HKD 3,200,000 compared to a profit of HKD 8,100,000 last year[182] Impairments and Credit Losses - The company reported a net expected credit loss of HKD 61,150,000, slightly improved from HKD 69,618,000 last year[19] - The expected credit loss for receivables from loans was approximately HKD 3,000,000, significantly up from HKD 400,000 in the same period last year, due to overdue loans totaling approximately HKD 20,000,000[193] - The expected credit loss for cash receivables was approximately HKD 55,000,000, down from HKD 69,300,000 in the previous year, mainly due to market volatility and economic downturn[195] - The company’s total receivables were impacted by a significant impairment of HKD 328,973,000 as of September 30, 2022[134] Cost Management - Administrative expenses decreased to HKD 19,397,000 from HKD 30,581,000, reflecting cost control measures[19] - Sales expenses decreased by approximately HKD 300,000, primarily due to reduced employee benefits costs[188] - General and administrative expenses decreased by approximately HKD 11,200,000, mainly due to a reduction in goodwill impairment and employee benefits costs[189] Future Outlook and Strategy - The company is focusing on market expansion and new product development to improve future performance[18] - The group aims to target the Greater Bay Area in mainland China for future market expansion, anticipating a recovery in demand for computer and electronic products[183] - The group plans to actively seek new business opportunities in various sectors to further expand revenue sources and enhance shareholder value[184] - The company continues to monitor market trends and adjust business strategies accordingly to address various market conditions[179]

Financial Performance - Total revenue for the fiscal year ended March 31, 2022, was approximately HKD 1,702,549,000, a decrease of about 15.9% from HKD 2,023,680,000 in the previous year[19]. - The company reported a loss attributable to shareholders of approximately HKD 241,018,000, compared to a loss of HKD 93,108,000 in the prior year, indicating a significant increase in losses[19][22]. - The group's total revenue for the year was approximately HKD 1,702.5 million, a decrease of about HKD 321.2 million from approximately HKD 2,023.7 million in the previous year[34]. - The group's gross profit margin for the year was approximately 2.3%, down from approximately 3.1% in the previous year[36]. - The company recorded a loss of approximately HKD 239.4 million for the year, compared to a loss of HKD 93.4 million in the previous year[63]. - The loss attributable to the company's owners was approximately HKD 241 million, resulting in a basic and diluted loss per share of HKD 0.5551, compared to HKD 0.2144 in the previous year[64]. Assets and Liabilities - Total assets as of March 31, 2022, were HKD 514,774,000, down from HKD 935,989,000 the previous year, reflecting a decline of approximately 45%[19]. - Total liabilities decreased to HKD 220,074,000 from HKD 402,113,000, a reduction of about 45%[19]. - The company's net asset value as of March 31, 2022, was approximately HKD 294.7 million, compared to HKD 533.9 million in the previous year[71]. - The capital debt ratio was approximately 30.7% as of March 31, 2022, compared to 30.8% in the previous year[72]. Credit Losses - Expected credit losses on financial assets for the year amounted to approximately HKD 245,500,000, an increase of about HKD 139,100,000 from last year's HKD 106,400,000, attributed to severe economic downturn and market volatility[39]. - The total expected credit loss recognized in profit or loss was HKD 245,460,000 for the year, compared to HKD 106,351,000 in the previous year[40]. - The company recorded expected credit losses of approximately HKD 122,700,000 for loans receivable and about HKD 6,800,000 for interest receivable, significantly up from HKD 5,900,000 and HKD 100,000 respectively in the previous year[47]. - The increase in expected credit losses was primarily due to loans and interest receivable totaling approximately HKD 111,800,000 and HKD 4,400,000 being overdue for more than 60 days[47]. - The expected credit loss for receivables from cash clients amounted to approximately HKD 116 million, a significant increase from HKD 12.4 million in the previous year, primarily due to market volatility and economic recession[53]. Business Strategy and Market Focus - The company maintained a focus on enhancing operational efficiency and implementing cost-saving measures in response to challenging market conditions[23]. - The company is committed to monitoring market trends and adjusting its business strategies accordingly to respond to varying market conditions[23]. - The group plans to focus on the Greater Bay Area as a primary market and aims to expand market share and enhance competitiveness through mergers and team strengthening[25]. - The company aims to explore opportunities in both trade and financial services to drive future growth[23]. - The ongoing COVID-19 pandemic continued to negatively impact the global economy and the company's operational environment throughout the fiscal year[22]. Operational Efficiency and Cost Management - General and administrative expenses decreased by approximately HKD 3,400,000 compared to the previous year, primarily due to a reduction in legal and professional fees by about HKD 1,400,000 and employee benefits by approximately HKD 1,900,000[38]. - The company has implemented collection procedures for overdue loans, including contacting customers and negotiating repayment arrangements, especially during the COVID-19 pandemic[46]. Governance and Compliance - The company has complied with all relevant laws and regulations without any significant violations during the year[114]. - The board of directors has confirmed the independence of all independent non-executive directors[120]. - The company has established a Corporate Governance Committee to oversee governance policies and compliance with regulations[193]. - The audit committee reviewed the audited consolidated financial statements for the fiscal year ending March 31, 2022, confirming compliance with applicable accounting standards[159]. Shareholder Information - The company did not engage in any fundraising activities during the year[75]. - The board did not recommend the payment of a final dividend for the year ended March 31, 2022[82]. - The company has a total distributable reserve of approximately HKD 98.4 million as of March 31, 2022[105]. - The five largest customers accounted for about 95.0% of total sales, with the largest customer contributing approximately 82.2%[111]. - The five largest suppliers represented around 98.5% of total purchases, with the largest supplier accounting for 53.2%[111]. Employee and Director Information - Employee benefit expenses, including director remuneration, totaled approximately HKD 14.5 million for the year, down from HKD 17.3 million in the previous year[81]. - The company has established procedures for the appointment, re-election, and removal of directors as per its articles of association[180]. - The board aims to achieve gender diversity by appointing female members by December 31, 2024, as currently, all board members are male[186]. Environmental and Social Responsibility - The company is committed to high environmental and social standards to ensure sustainable business practices[116]. - The company encourages employee participation in environmental and social activities to contribute to the community[116].

Huabang Technology Holdings Limited Interim Report 2021 中期報告 INTERIM REPORT 華邦科技控股有限公司 HUABANG TECHNOLOGY HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) (Stock code: 3638) (於開曼群島註冊成立之有限公司) (股份代號 : 3638) 中期報告 2021 2021 目錄 頁次 2 公司資料 5 簡明合併收益表 6 簡明合併綜合收益表 7 簡明合併財務狀況表 9 簡明合併權益變動表 11 簡明合併現金流量表 12 中期簡明合併財務資料附註 32 管理層討論與分析 39 其他資料 a 2016 PL 13 10 10 11 公司資料 執行董事 陸建明先生（行政總裁及主席） 沈薇女士（於二零二一年八月四日辭任） 非執行董事 彭中輝先生（於二零二一年十月三十日辭任） | --- | --- | |----------------|-------| | | | | | | | | | | | ...

華邦科技控股有限公司 HUABANG TECHNOLOGY HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) (Stock code: 3638) (於開曼群島註冊成立之有限公司) (股份代號 : 3638) 2021 2021 年報 ANNUAL REPORT 目錄 頁次 2 公司資料 4 財務概要 5 主席報告 7 管理層討論與分析 14 董事及高級管理層的履歷詳情 17 董事會報告 30 企業管治報告 41 環境、社會及管治報告 56 獨立核數師報告 63 合併收益表 64 合併綜合收益表 65 合併財務狀況表 67 合併權益變動表 69 合併現金流量表 70 合併財務報表附註 ness and of the start of the start of the start of the states 公司資料 授權代表 執行董事 陸建明先生（行政總裁及主席） 沈薇女士（於二零二一年一月十五日獲委任） 非執行董事 彭中輝先生 | --- | --- | |----------------|------- ...