香港交易及結算所有限公司及聯交所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，並明確表示概不就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。 ECI Technology Holdings Limited （於開曼群島註冊成立的有限公司） （股份代號：8013） 截至二零二三年五月三十一日止九個月 第三季業績公告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM之定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交 所上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風 險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主 板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高 流通量的市場。 本公告乃遵照GEM證券上市規則（「GEM上市規則」）的規定提供有關ECI Technology Holdings Limited（「本公司」）的資料。本公司各董事（「董事」及各「董事」） ...

Financial Performance - For the six months ended February 28, 2023, ECI Technology Holdings Limited reported revenue of approximately HKD 76,490,000, an increase of 9.4% compared to HKD 69,908,000 for the same period in 2022[8]. - The gross profit for the same period was approximately HKD 20,703,000, representing a 18.5% increase from HKD 17,520,000 in the previous year[8]. - The net profit for the period was approximately HKD 4,075,000, which is a significant increase of 78.3% compared to HKD 2,289,000 in 2022[9]. - Operating profit for the six months ended February 28, 2023, was HKD 4,605,000, up 62.4% from HKD 2,838,000 in the same period of 2022[17]. - The company’s financial health appears to be improving, as indicated by the increase in both revenue and net profit, suggesting a positive trend for future performance[9]. - The group reported a total segment profit of HKD 6,662,000 for the six months ended February 28, 2023, compared to HKD 4,949,000 for the same period in 2022, reflecting a 34.6% increase[40][43]. - The group’s pre-tax profit for the six months ended February 28, 2023, was HKD 4,512,000, compared to HKD 2,717,000 for the same period in 2022, indicating a 66.1% increase[40][43]. - The company’s total comprehensive income for the six months ended February 28, 2023, was HKD 2,460,000, compared to HKD 2,293,000 for the same period in 2022, an increase of 7.3%[18]. - Earnings per share for the six months ended February 28, 2023, were HKD 0.255, up from HKD 0.143 in the same period of 2022, reflecting a 78.3% increase[18]. Revenue Breakdown - Maintenance service revenue for the six months ended February 28, 2023, was HKD 37,560,000, a decrease of 5.2% from HKD 39,603,000 in the previous year[36]. - Installation service revenue increased significantly to HKD 36,281,000, up 37.3% from HKD 26,406,000 in the same period last year[36]. - Security guard service revenue decreased to HKD 2,649,000, down 32.1% from HKD 3,899,000 in the previous year[36]. Operational Insights - The company continues to focus on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[8]. - The report indicates that the company is actively managing its operational risks associated with market volatility, particularly given its position in the GEM market[2]. - The management discussion and analysis section provides insights into strategic initiatives, although specific future outlook figures were not disclosed in the provided content[8]. - The company is expanding its electric vehicle charging management solutions and has recently secured a contract to build an electric vehicle charging station at a client's parking lot, which will be operated and maintained by the company[93]. - The company aims to enhance its reputation and expand operations in the security services sector, having successfully won the security service contract for the Standard Chartered Hong Kong Marathon 2023[89]. - The company plans to focus on bidding for ELV maintenance service contracts to strengthen customer relationships and increase market share[93]. - The company is collaborating with strategic partners to integrate the latest technologies into its solutions, including optimizing parking systems to incorporate diverse payment methods[91]. Compliance and Governance - ECI Technology Holdings Limited is committed to maintaining compliance with the GEM Listing Rules and ensuring the accuracy of its financial reporting[12]. - The company’s financial statements were reviewed in accordance with Hong Kong Accounting Standards, ensuring adherence to regulatory requirements[14]. - The group’s financial performance was prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with applicable disclosure requirements[30]. - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, ensuring compliance with the principles outlined, except for the deviation regarding the roles of Chairman and CEO[127]. - As of February 28, 2023, the company confirmed that all directors and relevant employees adhered to the trading code of conduct throughout the reporting period[129]. Shareholder Information - The board of directors did not recommend the payment of an interim dividend for the period[10]. - The company has not declared or proposed any dividends for the six months ended February 28, 2023, nor since the end of the reporting period[56]. - Dr. Wu Tai-wing and Ms. Wang Zhiwen each hold 880,000,000 shares, representing approximately 55% of the total issued shares as of February 28, 2023[118]. - ECI Asia Investment Limited, a related corporation, holds 880,000,000 shares, also representing 55% of the total issued shares[122]. - Mr. Yang Shuo holds 320,000,000 shares, representing approximately 20% of the total issued shares as of February 28, 2023[122]. Employee and Cost Management - Total employee costs for the six months ended February 28, 2023, amounted to HKD 41,631,000, an increase from HKD 40,859,000 in the same period of 2022, reflecting a rise of 1.9%[53]. - The company incurred financing costs of HKD 93,000 for the six months ended February 28, 2023, down from HKD 121,000 in the same period of 2022, indicating a decrease of 23.1%[51]. - The administrative expenses increased by approximately 16.51%, from about HKD 14,787,000 for the six months ended February 28, 2022, to about HKD 17,228,000 for the same period in 2023, mainly due to increased salaries for office staff[98]. Asset Management - Trade receivables increased to HKD 34,261,000 as of February 28, 2023, from HKD 27,183,000 as of August 31, 2022, indicating a 26.0% growth[20]. - Total assets as of February 28, 2023, were HKD 81,972,000, compared to HKD 76,476,000 as of August 31, 2022, marking a 7.3% increase[20]. - Cash and cash equivalents decreased to HKD 32,203,000 as of February 28, 2023, from HKD 37,511,000 as of August 31, 2022, a decline of 14.0%[20]. - The company reported a net cash outflow from operating activities of HKD 1,047,000 for the six months ended February 28, 2023, compared to HKD 2,522,000 for the same period in 2022[24]. - The company’s total non-current assets as of February 28, 2023, included property, plant, and equipment valued at approximately HKD 4,929,000[57]. Strategic Developments - The company secured a four-year contract worth over HKD 25,000,000 for maintenance and improvement of satellite television shared antenna systems for the Hong Kong government, starting in December 2022[87]. - The group expanded its footprint in the Asia-Pacific region by establishing a subsidiary in Kuala Lumpur, Malaysia, in the second half of 2022, and a new office in Zhuhai Hengqin in January 2023[104]. - The group aims to leverage the "Belt and Road" initiative to expand its project portfolio in Southeast Asia, building on its existing presence in Thailand and Singapore since 2020[104]. Changes in Management - There was a change in the board of directors, with Ms. Wang Zhiwen transitioning from a non-executive director to an executive director[132]. - The board of directors currently comprises six members, including three executive directors and three independent non-executive directors[138].

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，並明確表示概不就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。 ECI Technology Holdings Limited （於開曼群島註冊成立的有限公司） （股份代號：8013） 截至二零二三年二月二十八日止六個月 中期業績公告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM之定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交 所上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風 險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主 板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高 流通量的市場。 本公告乃遵照GEM證券上市規則（「GEM上市規則」）的規定提供有關ECI Technology Holdings Limited（「本公司」）的資料。本公司各董事（「董事」及各「董事」） ...

Financial Performance - The revenue for the three months ended November 30, 2022, was approximately HKD 35,652,000, a decrease of 3.67% from HKD 37,010,000 in the same period last year[7] - The gross profit for the same period was approximately HKD 10,128,000, an increase of 9.00% compared to HKD 9,309,000 in the previous year[7] - The profit for the period was approximately HKD 2,777,000, representing a 46.49% increase from HKD 1,895,000 in the prior year[8] - The operating profit for the three months was HKD 3,023,000, up from HKD 2,224,000, marking a 36.00% increase year-over-year[11] - Basic and diluted earnings per share for the period were HKD 0.17, compared to HKD 0.12 in the same period last year, reflecting a 41.67% increase[11] - The total comprehensive income attributable to owners of the company for the period was HKD 1,499,000, down from HKD 1,895,000 in the previous year[11] - The company recorded a reversal of impairment losses on trade receivables and contract assets amounting to HKD 56,000, compared to a loss of HKD 59,000 in the previous year[11] - The total employee costs for the period were HKD 20,228,000, slightly down from HKD 20,932,000 in the previous year, indicating a reduction of 3.4%[30] - The effective tax expense for the three months ended November 30, 2022, was HKD 199,000, down from HKD 260,000 in the same period of 2021, a decrease of 23.5%[27] Revenue Breakdown - Installation service revenue increased to HKD 16,093,000 from HKD 14,672,000, representing a growth of 9.1% year-on-year[21] - Maintenance service revenue decreased to HKD 18,385,000 from HKD 20,376,000, a decline of 9.8% year-on-year[21] - Security service revenue decreased to HKD 1,174,000 from HKD 1,962,000, a drop of 40.1% year-on-year[21] - Other income increased significantly to HKD 813,000 from HKD 66,000, indicating a substantial growth in additional revenue streams[11] - Other income for the three months ended November 30, 2022, was HKD 813,000, significantly up from HKD 66,000 in the same period of 2021, primarily due to government subsidies[25] Dividend and Capital Commitments - The company did not recommend the payment of an interim dividend for the period[9] - The company did not declare an interim dividend for the three months ended November 30, 2022, compared to no dividend declared in the same period of 2021[32] - Capital commitments for the purchase of new software amounted to approximately HKD 117,000 as of November 30, 2022, unchanged from August 31, 2022[34] Shareholder Information - As of November 30, 2022, the company’s directors and senior management held approximately 55% of the issued shares, totaling 880 million shares[65] - ECI Asia holds 880,000,000 shares, representing 55% of the total shares issued as of November 30, 2022[69] - Mr. Yang holds 320,000,000 shares, accounting for 20% of the total shares issued as of November 30, 2022[69] - The total number of shares issued as of November 30, 2022, is 1,600,000,000[69] - The total number of shares that may be issued upon exercise of all options granted under the share option scheme is capped at 10% of the total number of shares in issue at the time of listing, which is 160 million shares[63] Corporate Governance - The audit committee consists of three independent non-executive directors, with Mr. Xu Junhao as the chairman[81] - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended November 30, 2022, prior to board approval on January 11, 2023[83] - The company has adopted the corporate governance code as per GEM listing rules, with a noted deviation regarding the separation of the roles of chairman and CEO[76] - The board of ECI Technology Holdings Limited consists of six members, including three executive directors and three independent non-executive directors[84] - The chairman and CEO of the company is Dr. Ng Tai Wing[84] - The company has confirmed compliance with trading rules and guidelines by all directors and relevant employees during the reporting period[77] Strategic Initiatives - The company has secured a major contract from the Electrical and Mechanical Services Department for maintenance and improvement of the satellite television shared antenna system, which commenced in December 2022[38] - The company is focusing on bidding for ELV maintenance service contracts to strengthen customer relationships and increase market share[44] - The security guard business is recovering, with ongoing projects at Wah Ting Court and Wah Ting Pavilion, and more security projects expected in 2023[44] - The company is collaborating with strategic partners to develop advanced parking systems, integrating the latest technologies and payment methods[42] - The investment in a cornerstone agreement with Data Science Group Holdings Limited aims to enhance trade relations and improve profitability through access to new products and technologies[41] - ECI Technology Holdings Limited aims to expand its market presence and explore potential mergers and acquisitions[84] - The company is committed to innovation in new products and technologies to drive future growth[84] - The board emphasizes the importance of accurate financial reporting and transparency in operations[84] - ECI Technology Holdings Limited is actively monitoring market trends to inform its strategic decisions[84] - The company plans to provide updated performance guidance in future communications[84] - The management team is dedicated to sharing insights and collaborating effectively within the organization[84] - ECI Technology Holdings Limited is focused on achieving sustainable growth through its strategic initiatives[84] Miscellaneous - The company has not granted or agreed to grant any share options under its share option scheme as of November 30, 2022[63] - The company has not disclosed any other share options, warrants, or convertible securities as of the report date[67] - The company has not repurchased or sold any of its listed securities during the three months ended November 30, 2022, and up to the report date[79] - As of November 30, 2022, the company had no significant contingent liabilities[56] - The company operates primarily in Hong Kong, with all related transactions denominated in Hong Kong dollars, resulting in minimal foreign exchange risk[57] - The net proceeds from the company's listing on March 10, 2017, amounted to approximately HKD 31.5 million after deducting all related listing expenses and commissions[59] - As of November 30, 2022, the company had approximately HKD 3.5 million of unutilized listing proceeds remaining[60] - The company plans to utilize the unutilized proceeds for obtaining additional licenses and qualifications by 2025 due to delays in meeting operational capital requirements[60] - The company has allocated HKD 11.5 million of the listing proceeds for expanding its existing security guard operations[59]

Financial Performance - The revenue for the fiscal year ending August 31, 2022, was approximately HKD 130,433,000, a decrease of about 5.62% compared to HKD 138,207,000 in the previous year[10][14] - The gross profit for the same period was approximately HKD 31,933,000, compared to HKD 30,947,000 in the previous year[10] - The net profit for the fiscal year was approximately HKD 6,344,000, down from HKD 8,716,000 in the previous year[11][14] - The cost of sales decreased by about 8.17% from HKD 107,260,000 to HKD 98,500,000 during the same period[24] - Gross profit increased by approximately 3.19% from HKD 30,947,000 to HKD 31,933,000 for the year ended August 31, 2022[24] - Administrative expenses rose by about 10.21% from HKD 27,736,000 to HKD 30,569,000, primarily due to increased marketing expenses and hiring more staff[25] - The group reported a charitable donation of HKD 397,400 for the year ended August 31, 2022, compared to HKD 495,780 in the previous year[87] - The sales from the top five customers accounted for 58.98% of the total annual sales, with the largest customer contributing 32.43%[95] Dividends and Shareholder Returns - The company did not recommend a final dividend for the fiscal year ending August 31, 2022, compared to no dividend in the previous year[12] - The group did not recommend a final dividend for the year ended August 31, 2022, consistent with the previous year[86] - The company has approximately HKD 9,885,000 available for distribution to shareholders as of August 31, 2022[94] Contracts and Business Development - The company secured a major contract from the Electrical and Mechanical Services Department for the maintenance and improvement of the satellite television shared antenna system, starting in December 2022[14] - The company is focusing on bidding for ELV maintenance service contracts to strengthen customer relationships and increase market share[20] - The company has invested in Skytec Technology Company Limited to enhance its electric vehicle charging solutions[22] - The company aims to integrate the latest technologies and smart devices into its ELV solutions to provide optimal solutions for clients[20] - The security services business is expected to see growth with more projects anticipated in 2023, including ongoing projects at Wah Ting Court and Wah Ting Pavilion[22] Financial Position and Liquidity - As of August 31, 2022, the group had cash and bank balances of approximately HKD 37,511,000, an increase of about HKD 8,452,000 compared to HKD 29,059,000 on August 31, 2021[31] - The group reduced interest-bearing bank borrowings to approximately HKD 4,146,000 as of August 31, 2022, down by about HKD 241,000 from HKD 4,387,000 in the previous year[31] - The group's debt-to-equity ratio was 0.13 times as of August 31, 2022, compared to 0.15 times in the previous year[38] - The group has approximately HKD 3,500,000 of unutilized listing proceeds as of August 31, 2022, from a net amount of HKD 31,500,000 raised during the IPO[35] - The group plans to utilize unutilized listing proceeds for obtaining additional licenses and qualifications by 2025 due to delays in meeting operational capital requirements[46] - The group maintains a healthy liquidity position and closely monitors its cash flow to manage financial risks[40] Governance and Compliance - The company will continue to hire external independent professionals to review its internal control and risk management systems annually[50] - There is currently no internal audit function within the group, and the board has deemed it more cost-effective to appoint external professionals for this role[50] - The company plans to review the need for an internal audit function at least once a year[50] - The company has adopted the corporate governance code as per GEM Listing Rules and has complied with it, except for a deviation regarding the roles of the Chairman and CEO[136] - The board of directors consists of seven members responsible for corporate strategy, performance, and risk management[140] - The audit committee held five meetings during the year to discuss financial reporting and compliance matters[150] - The company confirms that there are no significant uncertainties regarding its ability to continue as a going concern[166] Risk Management - The group identified strategic risks including changes in competitor landscape and market saturation risks[48] - The board is responsible for monitoring the effectiveness of the risk management and internal control systems, which aim to manage risks rather than eliminate them[169] - The group has adopted a "three lines of defense" governance structure for risk management, involving operational management, financial and compliance teams, and independent internal audits[169] - The internal control and risk management systems were deemed effective and adequate based on the findings and recommendations from the independent review conducted by a third-party firm[169] - The group established an enterprise risk management framework in 2020, following the COSO framework for effective risk management[172] Technology and Innovation - The company is focusing on developing electric vehicle solutions and LoRa (Long Range Low Power) standard networks in collaboration with business partners[14] - The company has a strong focus on technology and innovation, with Mr. Feng having over 30 years of experience in IT, finance, and investment sectors[72] - The company is involved in the GBA International Information Technology Industry Association, which aims to promote technology development in the Greater Bay Area[69] - The company has established a partnership with the Hong Kong government’s $2 billion Innovation and Technology Venture Fund to attract more venture capital investments[71] - The company has a strategic focus on expanding its market presence through technology solutions and partnerships[72] Environmental, Social, and Governance (ESG) - The company emphasizes the importance of integrating environmental, social, and governance (ESG) principles into its risk management system[184] - The group is committed to sustainable development and has taken measures to incorporate ESG considerations into its daily operations and governance[184] - The company has achieved ISO 9001:2015 QMS certification for its quality control efforts[192] - The company has implemented an ISO 14001:2015 certified environmental management system to ensure energy efficiency and proper waste management[192] - The company aims to continuously promote fleet electrification as a means to reduce exhaust emissions[194] - The company has received multiple awards, including the "Best Corporate Social Responsibility Award" from the Guangdong-Hong Kong-Macao Greater Bay Area Entrepreneurs Alliance[195] - The company emphasizes the importance of employee health and safety, adhering to OHSAS 18001:2007 standards[192] - The company has established a special working group to systematically manage environmental, social, and governance matters[194] Employee Engagement and Development - Employee compensation and benefits, along with career development opportunities, are key focus areas for the company in its employee engagement strategy[199] - High-quality products and services are prioritized to protect customer rights and enhance customer satisfaction[199] - The company collaborates with stakeholders to improve its environmental, social, and governance performance, creating greater value for the community[199]

Financial Performance - For the nine months ended May 31, 2022, the company's revenue was approximately HKD 97,650,000, a decrease of 4.3% compared to HKD 102,199,000 in the same period of 2021[7]. - The gross profit for the same period was approximately HKD 23,288,000, an increase of 6.0% from HKD 21,976,000 in 2021[7]. - The profit for the nine months was approximately HKD 3,002,000, down 60.4% from HKD 7,575,000 in the previous year[8]. - The operating profit for the nine months was approximately HKD 3,298,000, a decrease of 58.4% from HKD 7,935,000 in 2021[11]. - The basic and diluted earnings per share for the nine months were HKD 0.188, down 60.3% from HKD 0.473 in the previous year[12]. - The total comprehensive income attributable to owners of the company for the nine months was HKD 3,062,000, a decrease of 59.6% from HKD 7,575,000 in 2021[12]. - The company reported a net cash outflow from operating activities of approximately HKD 1,500,000 for the nine months[11]. Revenue Breakdown - For the three months ended May 31, 2022, the total revenue was HKD 27,742,000, a decrease of 12.1% compared to HKD 31,667,000 for the same period in 2021[23]. - Installation services revenue for the nine months ended May 31, 2022, was HKD 35,589,000, a decline of 18.1% from HKD 43,441,000 in 2021[23]. - Maintenance services revenue for the nine months ended May 31, 2022, increased by 3.4% to HKD 56,502,000 from HKD 54,626,000 in the previous year[23]. - Security services revenue for the nine months ended May 31, 2022, rose by 34.5% to HKD 5,559,000 compared to HKD 4,132,000 in 2021[23]. Expenses and Costs - Cost of sales decreased by approximately 7.31% from about HKD 80,223,000 for the nine months ended May 31, 2021, to about HKD 74,362,000 for the same period in 2022[42]. - Administrative expenses increased by approximately 9.98% from about HKD 20,390,000 for the nine months ended May 31, 2021, to about HKD 22,424,000 for the same period in 2022, primarily due to general salary increases for administrative staff[43]. - The total employee costs amounted to approximately HKD 59,706,000 for the nine months ended May 31, 2022, compared to HKD 57,681,000 for the same period in 2021[34]. Dividends and Shareholder Information - The company did not recommend the payment of an interim dividend for the period, compared to no dividend in the same period of 2021[9]. - The board did not recommend the payment of an interim dividend for the period, consistent with the previous year[45]. - As of May 31, 2022, the company has 1,600,000,000 shares issued, with major shareholders holding significant stakes[67]. - Dr. Wu Tai-wing holds 880,000,000 shares, representing a 55% ownership stake in the company[67]. - Ms. Wang Zhiwen, as the spouse of Dr. Wu, also holds 880,000,000 shares, equating to a 55% ownership stake[67]. - ECI Asia, a controlled entity of Dr. Wu, holds 880,000,000 shares, which is 55% of the total shares[69]. - Mr. Yang Shuo holds 320,000,000 shares, representing a 20% ownership stake[69]. Corporate Governance - The company has confirmed compliance with the non-competition agreement established on February 17, 2017, by its controlling shareholders[75]. - The company has adopted corporate governance practices in line with GEM Listing Rules, ensuring effective accountability[78]. - All directors have confirmed adherence to the trading standards set forth in the company's code of conduct for securities trading[79]. - The company has maintained good corporate governance practices throughout the reporting period, with no significant deviations from the established codes[78]. - The audit committee consists of four independent non-executive directors, with Mr. Xu Junhao as the chairman[82]. - The audit committee reviewed the unaudited condensed consolidated financial statements prior to their approval by the board on July 12, 2022[84]. Strategic Plans and Investments - The company plans to continue exploring market expansion opportunities and new product development strategies[11]. - The company has been awarded a four-year framework project for the maintenance and installation of a television system by the Transport Department, which commenced operations during the reporting period[35]. - The company is focusing on bidding for ELV maintenance service contracts to strengthen customer relationships and increase market share[37]. - The company has invested in Skytec Technology Company Limited to provide electric vehicle charging system renovation services, indicating a strategic move towards electric vehicle solutions[38]. - The company aims to continuously invest in developing internal capabilities and collaborating with business partners to provide integrated solutions and security services[40]. Tax and Liabilities - The group incurred a tax expense of HKD 303,000 for the three months ended May 31, 2022, compared to a tax credit of HKD 90,000 in the same period of 2021[26]. - The group’s deferred tax expense for the nine months ended May 31, 2022, was HKD (27,000), compared to HKD 87,000 in the previous year[26]. - As of May 31, 2022, the group had no significant contingent liabilities[46]. Capital Commitments and Proceeds - The group's capital commitment for purchasing new software was approximately HKD 117,000, unchanged from the previous year[47]. - As of May 31, 2022, approximately HKD 3,500,000 of the net proceeds from the listing remained unutilized[54]. - The group plans to utilize the unutilized proceeds by 2025 due to delays in obtaining additional licenses and qualifications[58]. Share Options and Buybacks - No share options were granted under the share option scheme as of May 31, 2022[62]. - No share buybacks or purchases were made by the company or its subsidiaries during the nine months ended May 31, 2022[81].

Financial Performance - For the six months ended February 28, 2022, ECI Technology Holdings Limited reported revenue of approximately HKD 69,908,000, a decrease of 0.9% compared to HKD 70,532,000 in the same period of 2021[10]. - The gross profit for the same period was approximately HKD 17,520,000, representing an increase of 26.3% from HKD 13,825,000 in 2021[10]. - The net profit for the six months was approximately HKD 2,289,000, a significant decline of 64.5% compared to HKD 6,447,000 in the previous year[11]. - The operating profit for the six months was approximately HKD 2,838,000, down from HKD 6,656,000 in the same period of 2021, reflecting a decrease of 57.5%[14]. - The basic and diluted earnings per share for the six months were HKD 0.143, down from HKD 0.403 in the previous year, indicating a decline of 64.5%[15]. - The total comprehensive income attributable to owners of the company for the period was HKD 2,293,000, compared to HKD 6,447,000 in the same period of 2021[15]. - The group reported a profit before tax of HKD 2,717,000 for the six months ended February 28, 2022, down from HKD 6,521,000 in the same period of 2021, a decrease of 58.4%[36]. - The profit attributable to owners decreased to approximately HKD 2,293,000 from HKD 6,447,000, primarily due to the absence of government subsidies received in the previous year[103]. Revenue Breakdown - Maintenance services generated revenue of HKD 39,603,000 for the six months ended February 28, 2022, compared to HKD 37,131,000 in 2021, reflecting an increase of 6.6%[32]. - Installation services revenue decreased to HKD 26,406,000 in the six months ended February 28, 2022, down from HKD 31,055,000 in 2021, a decline of 14.3%[32]. - Security services revenue increased to HKD 3,899,000 for the six months ended February 28, 2022, compared to HKD 2,346,000 in 2021, marking a growth of 66.1%[32]. Expenses and Costs - The company experienced a decrease in administrative expenses, which were HKD 14,787,000 for the six months, compared to HKD 13,259,000 in the previous year, reflecting an increase of 11.5%[14]. - Total employee costs amounted to 40,859,000 HKD for the six months ended February 28, 2022, an increase of 5.2% from 38,835,000 HKD in the same period of 2021[50]. - The group’s sales cost decreased by approximately 7.62% from HKD 56,707,000 to HKD 52,388,000, consistent with the decline in revenue[100]. - Gross profit increased by approximately 26.73% from HKD 13,825,000 to HKD 17,520,000, primarily due to a reduction in the number of subcontractors[100]. - Administrative expenses rose by approximately 11.52% from HKD 13,259,000 to HKD 14,787,000, mainly due to increased salaries and marketing expenses[101]. Cash Flow and Assets - The company reported a net cash outflow from operating activities of HKD 2,522,000 for the six months ended February 28, 2022, compared to a cash inflow of HKD 3,221,000 in the same period last year[21]. - Cash and cash equivalents decreased to HKD 24,703,000 from HKD 29,059,000, a decline of 15.7%[21]. - As of February 28, 2022, total assets amounted to HKD 72,758,000, a slight increase from HKD 71,048,000 as of August 31, 2021, representing a growth of approximately 2.4%[17]. - Trade receivables increased to HKD 31,982,000 from HKD 25,480,000, reflecting a growth of 25.5% year-over-year[17]. - Non-current assets totaled HKD 11,266,000 as of February 28, 2022, slightly down from HKD 11,670,000 as of August 31, 2021, a decrease of 3.5%[17]. Liabilities and Equity - The company’s total liabilities decreased to HKD 66,790,000 from HKD 64,497,000, indicating a reduction of 3.4%[18]. - The total equity attributable to owners increased to HKD 66,790,000 as of February 28, 2022, up from HKD 64,497,000 as of August 31, 2021, indicating a growth of 3.6%[20]. - The company’s current liabilities increased to HKD 13,460,000 from HKD 14,119,000, a decrease of 4.7%[18]. - The debt-to-equity ratio as of February 28, 2022, was 0.13, compared to 0.15 as of August 31, 2021[110]. Dividends and Share Capital - The company did not recommend the payment of an interim dividend for the period[12]. - The company did not declare or recommend any dividends for the six months ended February 28, 2022, consistent with the previous year[52]. - The total issued and paid-up share capital remains at 1,600,000,000 shares as of February 28, 2022[84]. - The total issued shares as of February 28, 2022, were 1,600,000,000[122]. Corporate Governance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, ensuring compliance with the principles outlined, except for the deviation regarding the roles of Chairman and CEO[131]. - The company has established an Audit Committee as of February 17, 2017, consisting of four independent non-executive directors, responsible for overseeing financial reporting and internal controls[135]. - The board of directors comprises seven members, including two executive directors and four independent non-executive directors, ensuring a diverse governance structure[138]. Future Outlook and Projects - The company aims to expand its market share and enhance its reputation in the industry by focusing on bidding for ELV maintenance service contracts[96]. - The security guard business is recovering, with ongoing projects at Wah Ting Court and Wah Ting Pavilion, and expectations for more security projects in 2022[96]. - The company has secured a four-year framework project for the maintenance and installation of a television system from the Transport Department, which has commenced operations during the reporting period[94]. - The company has invested in Skytec Technology Company Limited to enhance its electric vehicle charging system solutions, integrating various brands of chargers[97]. - The group is focusing on diversifying its business and expanding its project portfolio in Southeast Asia and other regions under the "Belt and Road" initiative[108].

Financial Performance - For the three months ended November 30, 2021, ECI Technology Holdings Limited reported revenue of approximately HKD 37,010,000, an increase of 16.5% compared to HKD 31,642,000 for the same period in 2020[6]. - The gross profit for the same period was approximately HKD 9,309,000, representing a 40.7% increase from HKD 6,611,000 in 2020[6]. - The net profit after tax for the period was approximately HKD 1,895,000, a decrease of 65.6% compared to HKD 5,512,000 in 2020[7]. - Operating profit for the three months was approximately HKD 2,224,000, down 60.2% from HKD 5,589,000 in the previous year[9]. - The basic and diluted earnings per share for the period were HKD 0.12, a decrease from HKD 0.34 in 2020[9]. - The group reported total revenue of HKD 37,010,000 for the three months ended November 30, 2021, compared to HKD 31,642,000 for the same period in 2020, representing a year-on-year increase of approximately 16.8%[18]. - The group recorded a profit attributable to owners of HKD 1,895,000 for the three months ended November 30, 2021, down from HKD 5,512,000 in the prior year, indicating a decline of approximately 65.6%[24]. Expenses and Costs - Administrative expenses increased to HKD 7,104,000 from HKD 6,368,000, reflecting a rise of 11.5%[9]. - The total employee costs for the period amounted to HKD 20,932,000, an increase from HKD 19,148,000 in the previous year, reflecting a rise of about 9.3%[23]. - Other income significantly decreased to HKD 66,000 from HKD 5,346,000, indicating a decline of 98.8%[9]. - Other income for the period was HKD 66,000, significantly lower than HKD 5,346,000 in the same period last year, primarily due to the absence of government subsidies[20]. - The group incurred a tax expense of HKD 260,000 for the period, compared to HKD 31,000 in the previous year, representing an increase of approximately 738.7%[21]. Dividends - The board of directors did not recommend the payment of an interim dividend for the period[8]. - The group did not declare an interim dividend for the three months ended November 30, 2021, consistent with the previous year[24]. - The company did not recommend an interim dividend for the three months ending November 30, 2021, compared to no dividend in the previous year[37]. Business Operations - ECI Technology Holdings Limited continues to focus on providing installation and maintenance services, as well as security services, as part of its core operations[11]. - Installation services generated revenue of HKD 14,672,000, maintenance services contributed HKD 20,376,000, and security services accounted for HKD 1,962,000 during the same period[17]. - The group’s segment performance showed a decline in profit from installation and maintenance services, with segment profit dropping to HKD 3,253,000 from HKD 5,566,000 year-on-year[18]. - The company is focusing on bidding for ELV maintenance service contracts to strengthen customer relationships and increase market share amid stagnant demand for security system installations[31]. - The security services business is recovering, with ongoing projects expected to increase in 2022, including event security services to diversify the service brand[32]. - The company has invested in Skytec Technology Company Limited to enhance its electric vehicle charging system solutions, integrating various brands of chargers[32]. - The company aims to continuously invest in developing internal capabilities and collaborate with business partners to provide integrated one-stop solutions and security services[32]. - The company has successfully secured the security services contract for the Standard Chartered Hong Kong Marathon 2021, enhancing its reputation and experience for future bids[30]. Equity and Shares - The company’s total equity as of November 30, 2021, was approximately HKD 66,392,000, up from HKD 61,293,000 at the end of the previous year[10]. - The average number of ordinary shares outstanding remained at 1,600,000 for both periods, resulting in diluted earnings per share being the same as basic earnings per share[26]. - The total number of shares issued as of November 30, 2021, is 1,600,000,000[49]. - Dr. Wu Tai-wing and Ms. Wang Zhiwen hold approximately 55% of the company's shares, totaling 880,000,000 shares each[46]. - Major shareholder ECI Asia holds 880,000,000 shares, representing 55% of the total shares issued as of November 30, 2021[49]. - Mr. Yang holds 320,000,000 shares, accounting for 20% of the total shares issued as of November 30, 2021[49]. - The share option plan allows for a maximum of 10% of the total issued shares at the time of listing, equating to 160,000,000 shares[45]. - As of November 30, 2021, no share options were granted or agreed to be granted under the share option plan[45]. Use of Proceeds - The net proceeds from the listing on March 10, 2017, amounted to approximately HKD 31,500,000 after deducting all related listing expenses and commissions[42]. - As of November 30, 2021, the group had approximately HKD 3,500,000 of unutilized listing proceeds remaining[42]. - The planned use of unutilized proceeds includes HKD 3,500,000 for obtaining additional licenses and qualifications, and HKD 6,500,000 for salaries and capital asset purchases[42]. - The total amount of utilized proceeds as of November 30, 2021, was HKD 11,500,000[42]. - The company plans to utilize unutilized proceeds for establishing a sewage treatment and filtration plant by 2025[43]. Corporate Governance - The audit committee, consisting of four independent non-executive directors, has reviewed the financial statements for the three months ended November 30, 2021[57]. - The company has adopted a code of conduct for securities trading by directors, which complies with GEM listing rules[55]. - The company has maintained good corporate governance practices in accordance with GEM listing rules[54]. - The board of directors includes seven members, with two executive directors and four independent non-executive directors[58]. - No buybacks or sales of the company's listed securities occurred during the three months ended November 30, 2021[56]. - The company has confirmed compliance with the non-competition agreement by its major shareholders since November 30, 2021[52]. - The company has not entered into any arrangements for directors or senior management to acquire shares or securities of the company or its affiliates since November 30, 2021[51]. Risk Management - The group considers its foreign exchange risk to be minimal as all transactions are denominated in Hong Kong dollars[41]. - The company has no significant contingent liabilities as of November 30, 2021[40].

Financial Performance - ECI Technology Holdings Limited reported revenue of approximately HKD 138,207,000 for the year ended August 31, 2021, representing an increase of about 20.77% compared to HKD 114,442,000 in the previous year[10]. - The group's gross profit for the same period was approximately HKD 30,947,000, up from HKD 27,323,000 in the previous year[10]. - The net profit for the year was approximately HKD 8,716,000, compared to HKD 3,655,000 in the previous year, indicating significant growth[11]. - Revenue increased by approximately 20.77% from HKD 114,442,000 for the year ended August 31, 2020, to HKD 138,207,000 for the year ended August 31, 2021, primarily due to increased contract fees from ELV business[23]. - Gross profit rose by approximately 13.26% from HKD 27,323,000 for the year ended August 31, 2020, to HKD 30,947,000 for the year ended August 31, 2021, attributed to the increase in revenue[24]. - Net profit for the year ended August 31, 2021, was approximately HKD 8,716,000, compared to HKD 3,655,000 for the previous year, reflecting the increase in revenue[26]. Dividend Policy - The company did not recommend the payment of a final dividend for the year ended August 31, 2021, consistent with the previous year[12]. - The group did not declare a final dividend for the year ended August 31, 2021, compared to none in 2020[32]. - The company has approximately HKD 9,588,000 available for distribution to shareholders as of August 31, 2021[99]. - The company’s dividend policy, adopted on December 31, 2018, outlines the factors considered for declaring dividends[184]. - The company will regularly review and monitor its dividend policy, with no guarantee of specific dividend amounts being declared in any given period[186]. Business Development and Strategy - The company benefited from government policies related to digital television, leading to increased orders for television broadcasting updates and installations[14]. - ECI Technology is expanding its electric vehicle solutions business in response to government policies on environmentally friendly vehicles, including a project for the installation of electric vehicle charging systems[14]. - The company has secured two projects based on LoRa standards for low-voltage system supply and installation, expanding its ELV business[15]. - Future development strategies include providing integrated security services and solutions to both public and private sectors to enhance competitive advantages[15]. - The management team will continue to assess potential business opportunities to enhance shareholder value in the coming years[15]. - The company is focusing on bidding for ELV maintenance service contracts to strengthen customer relationships and increase market share[20]. - The company is investing in the development of internal capabilities and collaborating with business partners to provide integrated solutions and security services[22]. - The company has successfully won the security service contract for the 2021 UCI Track Cycling Nation Cup, enhancing its reputation and experience[19]. Operational Performance - The overall business environment remained challenging due to the COVID-19 pandemic, but the company’s security installation and maintenance services have resumed[15]. - The sales cost increased by approximately 23.12% from HKD 87,119,000 for the year ended August 31, 2020, to HKD 107,260,000 for the year ended August 31, 2021[24]. - As of August 31, 2021, the group had cash and bank balances of approximately HKD 29,059,000, an increase of about HKD 5,557,000 compared to HKD 23,502,000 as of August 31, 2020[31]. - The group had interest-bearing bank borrowings of approximately HKD 4,387,000 as of August 31, 2021, a decrease of about HKD 988,000 from HKD 5,375,000 in the previous year[31]. - The group employed a total of 378 employees as of August 31, 2021, an increase from 343 employees in 2020[34]. Corporate Governance - The company has not appointed any new directors in the past three years, indicating stability in its leadership structure[55][58][61][63][67]. - The independent non-executive directors provide critical oversight and independent opinions to the board, ensuring compliance and governance[62][66][68]. - The company has a diverse board with members holding various qualifications, including degrees in engineering, business management, and law, contributing to a well-rounded decision-making process[60][62][66]. - The board of directors consists of 1 executive director, 1 non-executive director, and 4 independent non-executive directors, ensuring a diverse governance structure[150]. - The company has maintained a consistent approach to corporate governance, with independent directors actively participating in committees[62][66][68]. Risk Management - The group identified strategic risks including changes in competitive landscape and market saturation risks[49]. - The company has established an enterprise risk management framework to identify, assess, and prioritize risks, following the COSO ERM framework[182]. - The board is responsible for ensuring effective internal controls, while management is tasked with designing and implementing these systems[182]. Social Responsibility and ESG - The group reported a charitable donation of HKD 495,780 for the year ended August 31, 2021, compared to HKD 475,774 in 2020, reflecting an increase of approximately 4.2%[92]. - The group emphasizes the importance of integrating ESG principles into its risk management system to pursue sustainable business practices[194]. - The group is committed to providing a healthy and safe working environment for all employees and stakeholders[195]. - The company encourages stakeholder participation in environmental and social activities to foster community benefits[132]. Audit and Compliance - The audit committee held four meetings during the year to discuss financial reporting and compliance procedures, confirming that the annual report meets applicable standards and regulations[160]. - The external auditor, Shinewing (HK) CPA Limited, received a total remuneration of HKD 1,008,000 for audit and non-audit services for the year ended August 31, 2021, with HKD 740,000 for audit services and HKD 268,000 for non-audit services[179]. - The company has adhered to all relevant laws and regulations without any significant violations during the review period[135].

Financial Performance - For the nine months ended May 31, 2021, the company's revenue was approximately HKD 102,199,000, an increase of 17.3% compared to HKD 87,180,000 for the same period in 2020[8] - The gross profit for the nine months was approximately HKD 21,976,000, remaining relatively stable compared to HKD 21,965,000 in the previous year[11] - The total profit and comprehensive income for the period was approximately HKD 7,575,000, significantly up from HKD 1,432,000 in the same period last year, primarily due to government subsidies received under the "Employment Support Scheme"[8] - The operating profit for the nine months was approximately HKD 7,935,000, compared to HKD 2,151,000 in the previous year, reflecting a substantial improvement[11] - The company reported a basic and diluted earnings per share of HKD 0.473 for the nine months, compared to HKD 0.090 in the same period last year[11] - The group reported a profit of HKD 10,604,000 for the nine months ended May 31, 2021, compared to HKD 5,343,000 for the same period in 2020, reflecting a significant increase of 98.5%[26] - The profit attributable to the company's owners rose to approximately HKD 7,575,000 for the nine months ended May 31, 2021, compared to HKD 1,432,000 for the same period in 2020[45] Revenue Breakdown - For the three months ended May 31, 2021, the total revenue was HKD 31,667,000, representing an increase of 19.8% compared to HKD 26,568,000 for the same period in 2020[22] - Installation services generated revenue of HKD 12,386,000 for the three months ended May 31, 2021, a 17.2% increase from HKD 10,569,000 in 2020[22] - Maintenance services revenue was HKD 17,495,000 for the three months ended May 31, 2021, up 19.3% from HKD 14,688,000 in the same period last year[22] Expenses and Costs - The administrative expenses for the nine months were approximately HKD 20,390,000, slightly increasing from HKD 20,184,000 in the previous year[11] - The total employee costs for the nine months ended May 31, 2021, amounted to HKD 57,681,000, an increase of 28.9% from HKD 44,759,000 in the previous year[28] - The cost of sales rose by approximately 23.01% from about HKD 65,215,000 for the nine months ended May 31, 2020, to about HKD 80,223,000 for the same period in 2021[43] - Gross profit slightly increased by approximately 0.05% from about HKD 21,965,000 to about HKD 21,976,000 during the same period[43] - The administrative expenses increased by approximately 1.02% from about HKD 20,184,000 to about HKD 20,390,000, mainly due to general salary increases[44] Equity and Assets - The company’s total equity as of May 31, 2021, was approximately HKD 63,356,000, up from HKD 55,781,000 as of September 1, 2020[12] - As of May 31, 2021, the fair value of financial assets measured at fair value through profit or loss included securities listed on the stock exchange, with a total fair value change of HKD 131,000 (100% of the total financial assets) for Panran Environmental Consulting Limited[50] - The group’s total assets are primarily located in Hong Kong, with all external customer revenue also derived from this region[26] Corporate Governance - The company has established an audit committee consisting of four independent non-executive directors to oversee financial reporting and internal controls[77] - The company has adopted a code of conduct for securities trading by directors, which complies with GEM listing rules[74] - The company has confirmed compliance with the non-competition agreement by its controlling shareholders during the reporting period[70] - The company has maintained good corporate governance practices in accordance with the GEM listing rules[73] - The company believes that having the same individual serve as both chairman and CEO is beneficial for its operations and management[73] Future Plans and Strategies - The company is focusing on bidding for ELV maintenance service contracts to strengthen customer relationships and increase market share[38] - The company plans to invest in developing internal capabilities and collaborate with business partners to provide integrated solutions and security services[41] - The company plans to expand its project portfolio in Southeast Asia and other regions under the "Belt and Road Initiative" through ongoing business diversification[52] Shareholding and Securities - The company holds a 55% shareholding in the controlled corporation, with Dr. Ng Tai Wing and Ms. Wang Zhiwen each holding 880,000,000 shares[60] - As of May 31, 2021, ECI Asia Investment Limited holds 880,000,000 shares, representing 55% of the total shares issued[65] - Mr. Yang holds 320,000,000 shares, which accounts for 20% of the total shares issued[65] - The total number of shares issued as of May 31, 2021, is 1,600,000,000[66] - The company has not granted any stock options under the stock option plan as of May 31, 2021, and has no outstanding stock options, warrants, or convertible securities[59] - The company has not repurchased or sold any of its listed securities during the nine months ending May 31, 2021, and up to the report date[76] Dividend Policy - The company did not recommend the payment of an interim dividend for the period[9] - The company did not declare any interim dividends for the nine months ended May 31, 2021, consistent with the previous year[32] Compliance and Reporting - The board approved the unaudited condensed consolidated financial statements on July 8, 2021, prior to publication[79] - The board consists of seven members, including two executive directors, one non-executive director, and four independent non-executive directors[79] - The group has applied new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial performance for the current and prior periods[20]