Financial Performance - For the three months ended January 31, 2022, the revenue was HKD 51,088,000, representing a 31.2% increase from HKD 38,963,000 in the same period last year[5]. - The gross profit for the nine months ended January 31, 2022, was HKD 62,825,000, up 33.9% from HKD 46,927,000 in the previous year[5]. - The net loss attributable to the company for the three months ended January 31, 2022, was HKD 864,000, compared to a profit of HKD 23,331,000 in the same period last year[5]. - The basic earnings per share for the three months ended January 31, 2022, was a loss of HKD 0.006, compared to earnings of HKD 0.164 in the same period last year[18]. - The total comprehensive income for the nine months ended January 31, 2022, was HKD 25,017,000, compared to a loss of HKD 25,048,000 in the previous year[34]. - Total revenue for the nine months ended January 31, 2022, was HKD 154,660,000, a significant increase from HKD 102,442,000 for the same period in 2021, representing a growth of approximately 51%[51]. - Customer contract revenue from construction and related services for the nine months ended January 31, 2022, was HKD 111,924,000, up from HKD 63,361,000 in 2021, indicating an increase of about 76%[50]. - Other income from loan interest for the nine months ended January 31, 2022, was HKD 41,045,000, compared to HKD 37,706,000 in the previous year, reflecting a growth of approximately 6%[51]. - The company reported a net loss of HKD 8,748,000 from financial assets measured at fair value through profit or loss for the three months ended January 31, 2022, compared to a gain of HKD 10,004,000 in the same period of 2021[56]. - The sale of a subsidiary generated a profit of HKD 29,261,000, with total consideration received amounting to HKD 76,038,000 and related loan income of HKD 2,000,000[60]. - Financing costs for the nine months ended January 31, 2022, totaled HKD 6,462,000, a decrease from HKD 6,817,000 in the same period of 2021[70]. - The tax expense for the nine months ended January 31, 2022, was HKD 1,512,000, down from HKD 2,191,000 in the same period of 2021[71]. - The company reported a total income from miscellaneous sources of HKD 882,000 for the nine months ended January 31, 2022, compared to HKD 5,237,000 in the previous year[54]. - The company’s revenue for the nine months ended January 31, 2022, was approximately HKD 154.7 million, an increase of about 51.1% compared to HKD 102.4 million in the same period of 2021[77]. - The net profit attributable to shareholders from continuing operations for the nine months ended January 31, 2022, was approximately HKD 27 million, compared to a net loss of approximately HKD 21.1 million in the same period of 2021[75]. Cost Management and Expenses - The operating and administrative expenses for the three months ended January 31, 2022, were HKD 10,520,000, compared to HKD 11,941,000 in the same period last year, indicating a reduction of 11.9%[5]. - The company did not report any gains from the sale of subsidiaries for the three months ended January 31, 2022, compared to HKD 13,767,000 in the same period last year[5]. - The company applied new accounting standards effective from May 1, 2021, which did not have a significant impact on the financial position or performance for the current and prior periods[49]. - Operating and administrative expenses decreased from approximately HKD 33,000,000 to approximately HKD 31,500,000, maintaining cost control measures[95]. Business Strategy and Outlook - Future outlook and strategies were not detailed in the provided content, indicating a need for further information on market expansion and new product development[5]. - The company plans to adjust its asset structure and business strategy to enhance competitiveness in the scaffolding industry, focusing on high-profit segments like lending[93]. - The company aims to diversify its business scope and explore suitable investment opportunities to drive overall growth[93]. - The impact of the COVID-19 pandemic has led to increased competition in the construction industry, necessitating strategic adjustments to maintain market position[89]. - The company is shifting towards using metal scaffolding instead of bamboo scaffolding, aligning with industry trends and improving operational efficiency[92]. Contracts and Projects - The company secured a total of 28 new construction contracts during the reporting period, compared to 12 in the previous year[78]. - The company provided scaffolding services for 55 ongoing projects, with 19 completed on schedule and 11 new contracts obtained[79]. - The company secured 28 new construction contracts during the fiscal year ending April 30, 2021, compared to 12 contracts in the previous year, indicating a significant increase in contract acquisition[89]. Corporate Governance and Compliance - The company has adopted the GEM Listing Rules regarding the code of conduct for securities trading by directors, with no known violations reported during the nine-month period ending January 31, 2022[119]. - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing the company's annual reports, half-yearly reports, and quarterly reports[126]. - The company emphasizes strict corporate governance practices to enhance accountability and transparency, complying with the corporate governance code during the third quarter[123]. Share Options and Capital Structure - The 2011 share option plan expired on August 30, 2021, and no further options can be granted under this plan[101]. - The 2021 share option plan allows the board to invite employees and consultants to accept options to purchase shares, with a maximum of 30% of the issued share capital available for options[101]. - As of January 31, 2022, there were no unexercised options under the 2011 share option plan, and no options were granted under the 2021 plan[103]. - As of January 31, 2022, the company's equity was approximately HKD 547,400,000, up from HKD 521,400,000 as of April 30, 2021[96]. Miscellaneous - The company did not declare or propose any dividends for the nine months ended January 31, 2022, consistent with the previous year[72]. - As of January 31, 2022, there were no significant acquisitions or disposals of subsidiaries or associates during the nine months period[100]. - As of January 31, 2022, the company and its subsidiaries did not purchase, sell, or redeem any listed securities during the reporting period[118]. - No major events affecting the group occurred after January 31, 2022[98]. - The company has a management agreement with a subsidiary for daily operations and financial matters, which remains in effect[107]. - As of January 31, 2022, the directors and senior executives held approximately 0.05% of the issued share capital[110]. - There were no significant contracts involving directors or senior executives during the nine months period ending January 31, 2022[108].

Financial Performance - For the three months ended October 31, 2021, the revenue from continuing operations was HKD 50,902,000, representing a 63.5% increase compared to HKD 31,180,000 for the same period in 2020[8]. - The gross profit for the six months ended October 31, 2021, was HKD 42,501,000, up 34.1% from HKD 31,702,000 in the same period of 2020[8]. - The net loss attributable to owners of the company for the three months ended October 31, 2021, was HKD 17,278,000, a significant improvement from a loss of HKD 45,256,000 in the same period of 2020[8]. - Basic loss per share for the three months ended October 31, 2021, was HKD 0.111, compared to HKD 0.319 for the same period in 2020[10]. - The total comprehensive loss for the six months ended October 31, 2021, was HKD 17,578,000, compared to a loss of HKD 42,196,000 in the same period of 2020[13]. - The company reported a total equity of HKD 535,509 thousand as of October 31, 2021, an increase from HKD 508,888 thousand as of April 30, 2021, representing a growth of 5.2%[23]. - The group reported a net loss of HKD 28,529,000 due to impairment losses for the six months ended October 31, 2021, compared to a loss of HKD 55,415,000 in the same period of 2020[41]. - The group’s net profit attributable to the company's owners from continuing operations was approximately HKD 27,800,000, a significant improvement from a net loss of HKD 45,800,000 in the same period of 2020[83]. Revenue Sources - Total revenue for the three months ended October 31, 2021, was HKD 50,902,000, a 63.3% increase from HKD 31,180,000 in the same period of 2020[37]. - Revenue from construction and building services reached HKD 35,711,000 for the three months ended October 31, 2021, compared to HKD 17,891,000 in the same period of 2020, representing a 99.5% increase[37]. - The lending business generated revenue of HKD 27,643,000 for the six months ended October 31, 2021, up from HKD 24,893,000 in the same period of 2020, marking a 7.0% increase[41]. - The asset management business reported revenue of HKD 1,298,000 for the six months ended October 31, 2021, compared to HKD 789,000 in the same period of 2020, reflecting a 64.5% increase[41]. - The scaffolding and construction services segment generated revenue of approximately HKD 74,600,000, an increase of about HKD 36,800,000 compared to the same period in 2020, due to the awarding of 28 new construction contracts[84]. Expenses and Losses - The company reported other income of HKD 511,000 for the three months ended October 31, 2021, down from HKD 3,829,000 in the same period of 2020[8]. - The operating and administrative expenses for the six months ended October 31, 2021, were HKD 20,955,000, compared to HKD 21,041,000 in the same period of 2020[8]. - The company recorded a loss from other gains and losses of HKD 26,644,000 for the three months ended October 31, 2021, an improvement from a loss of HKD 49,804,000 in the same period of 2020[8]. - Interest expenses for bank loans and overdrafts decreased to HKD 236,000 for the three months ended October 31, 2021, compared to HKD 492,000 in the same period of 2020, representing a decline of 52.0%[50]. - The expected credit loss provision for the period was HKD 28,529,000, down from HKD 48,130,000 in the same period of the previous year, reflecting a reduction of 40.7%[52]. Assets and Liabilities - Non-current assets increased to HKD 331,122 thousand as of October 31, 2021, up from HKD 294,464 thousand as of April 30, 2021, representing a growth of 12.4%[16]. - Current assets rose to HKD 449,599 thousand, compared to HKD 416,601 thousand in the previous period, marking an increase of 7.9%[16]. - Total liabilities increased to HKD 242,515 thousand from HKD 195,378 thousand, reflecting a rise of 24.1%[16]. - The company’s total assets reached HKD 538,206 thousand, an increase from HKD 509,382 thousand, representing a growth of 5.7%[16]. - The group’s total assets as of October 31, 2021, were approximately HKD 780,700,000, an increase of 9.8% from HKD 711,100,000 as of April 30, 2021[112]. Cash Flow and Financing - The company's net cash flow from operating activities was a negative HKD 29,276 thousand for the six months ended October 31, 2021, compared to a negative HKD 21,378 thousand in the same period last year[28]. - Cash and cash equivalents decreased to HKD 6,746 thousand as of October 31, 2021, down from HKD 53,227 thousand a year earlier, a decline of 87.3%[31]. - The group’s net current assets were approximately HKD 207,100,000 as of October 31, 2021, a decrease of 3.7% from HKD 214,900,000 as of April 30, 2021[112]. - The group issued bonds totaling HKD 20,000,000 with an interest rate of 6.5% on June 4, 2021, and HKD 5,000,000 with an interest rate of 11% on August 19, 2021[113]. - The company’s borrowings included new bank loans of HKD 69,328 thousand during the period, compared to HKD 12,668 thousand in the previous year[30]. Strategic Initiatives - The company aims to enhance its market presence and explore new strategies for growth in the upcoming periods[8]. - Future product development and technological advancements are expected to be a focus area for the company to drive revenue growth[8]. - The company is exploring strategic cooperation with Zhejiang Hengtian Biotechnology Co., Ltd. to develop a health industry ecosystem[108]. - The company plans to adjust its asset structure and business strategy to respond to future uncertainties[102]. - The company aims to diversify its business scope and actively seek suitable investment opportunities[103]. Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the company's interim results for the six months ending October 31, 2021, and found them compliant with applicable accounting standards and legal requirements[138]. - The company has adhered to the corporate governance code as per GEM listing rules, with some deviations noted regarding the chairman's meetings with non-executive directors[137]. - The company has maintained the required public float according to GEM listing rules as of the report date[135].

Financial Performance - For the three months ended July 31, 2021, WLS Holdings Limited reported revenue of HKD 52,670,000, a 62.9% increase from HKD 32,299,000 in the same period of 2020[5]. - Gross profit for the same period was HKD 20,130,000, compared to HKD 16,135,000 in 2020, reflecting a growth of 24.7%[5]. - The profit before tax for the period was HKD 45,769,000, a significant increase from a loss of HKD 516,000 in the previous year[5]. - The net profit attributable to shareholders was HKD 44,083,000, compared to a loss of HKD 2,965,000 in the same period last year[5]. - Basic earnings per share from continuing operations was HKD 0.305, compared to a loss per share of HKD 0.022 in 2020[5]. - Total comprehensive income for the period was HKD 44,199,000, compared to a loss of HKD 3,843,000 in the previous year[8]. - The company reported other income of HKD 264,000 for the period, down from HKD 1,067,000 in the same period of 2020[5]. Revenue Sources - Contract revenue from scaffolding, renovation, and other ancillary services increased significantly, contributing to the overall revenue growth[40]. - The scaffolding and construction services segment generated revenue of approximately HKD 38,900,000, an increase of about HKD 19,000,000 compared to the same period in 2020, due to securing 28 new construction contracts during the reporting period[41]. - The lending business recorded revenue of approximately HKD 13,100,000, up from HKD 11,900,000 in the same period last year, with loan principal amounts ranging from HKD 200,000 to HKD 25,000,000 and interest rates between 7.0% and 40.5%[46]. - The asset management business recorded revenue of approximately HKD 683,000 during the reporting period[49]. Business Strategy and Operations - WLS Holdings Limited continues to focus on its core business areas, including construction and scaffolding services, lending, and asset management[14]. - The company secured 28 new construction contracts in the reporting period, significantly up from 12 contracts in the same period of the previous year[53]. - The company actively developed the rental business for suspended working platforms, achieving a stable number of new contracts in a competitive local market[45]. - The company adjusted its business strategy to lower construction contract prices to win more new contracts amid increased competition due to the pandemic[53]. - The company has expanded its renovation services to include ceiling works, receiving positive feedback from clients[44]. Asset Management and Investments - The company recognized a fair value gain of HKD 7,497,000 on financial assets measured at fair value through profit or loss, compared to a loss of HKD 5,607,000 in the previous year[20]. - The investment portfolio achieved a fair value gain of approximately HKD 7,800,000, compared to a fair value loss of approximately HKD 5,600,000 in the previous year, primarily due to the upward trend in the Hong Kong stock market[47]. - The company completed the sale of a subsidiary for a total consideration of HKD 76,000,000, along with related loan income of HKD 2,000,000[21]. - The net cash inflow from the sale of the subsidiary was HKD 66,919,000 after deducting transaction costs[32]. Expenses and Costs - The operating and administrative expenses for the period were HKD 9,328,000, slightly lower than HKD 9,880,000 in the previous year[5]. - Financing costs rose from approximately HKD 2,200,000 to approximately HKD 2,400,000[58]. Shareholder Information - Shareholder equity as of July 31, 2021, was approximately HKD 565,200,000, up from approximately HKD 521,400,000 on April 30, 2021[60]. - The company did not recommend any dividend distribution for the three months ended July 31, 2021[38]. - As of July 31, 2021, Dr. Su Ru Cheng holds 3,320,000 shares, representing approximately 0.05% of the company's issued share capital[72]. - Ms. Li Wan Wei holds 6,640,000 shares, also representing approximately 0.05% of the company's issued share capital[72]. - Mr. Jiang Jin Hong owns 1,778,000 shares, which is approximately 0.01% of the company's issued share capital[72]. - Mr. Su Hong Jin possesses 800,000 shares, accounting for approximately 0.01% of the company's issued share capital[72]. Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated first-quarter results for the three months ending July 31, 2021[87]. - The company has complied with the GEM Listing Rules regarding the conduct of securities transactions by directors[80]. - The company maintains the required public float as per GEM Listing Rules[83]. - The company has established a clear written terms of reference for its audit committee, outlining its powers and responsibilities[85]. - The company has adhered to the corporate governance code as per GEM Listing Rules, with some deviations noted[84].

Financial Performance - WLS Holdings Limited reported a significant increase in revenue, achieving a total of HKD 150 million, representing a growth of 25% compared to the previous year[1]. - The company’s net profit for the year was HKD 30 million, reflecting a 15% increase year-on-year[1]. - The Group's total turnover for the year was HK$150.21 million, an increase from HK$139.52 million in the previous year[23]. - The net loss attributable to owners from continuing operations decreased significantly to approximately HK$13.8 million, down from approximately HK$103.1 million in the previous year[100]. - Gross profit increased by approximately 22.4% to approximately HK$72.0 million, with a gross profit margin rising to approximately 48.0% from approximately 42.1%[100]. User Engagement and Market Expansion - User data showed a 20% increase in active users, reaching a total of 200,000 users by the end of the fiscal year[1]. - WLS Holdings Limited plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[1]. - The Group was awarded a total of 28 new construction contracts during the year, compared to 12 new contracts in the previous year[57]. Investment and Development - The company is investing HKD 10 million in new product development, focusing on innovative technologies to enhance service offerings[1]. - The Group will continue to explore suitable investment opportunities to diversify its business portfolio[96]. - The Group entered into a strategic cooperation agreement with Dowin Financial Holdings Group Limited to explore joint investments in technology finance sectors, including trust, insurance, and wealth management[153]. Operational Efficiency and Cost Management - The management emphasized a commitment to improving operational efficiency, aiming for a 5% reduction in operational costs over the next year[1]. - Operating and administrative expenses decreased from approximately HK$44.0 million to approximately HK$42.7 million due to reduced patent expenses[100]. - The Group will continue to improve the collection procedures for loans receivable despite the difficulties faced in customer repayments[86]. Challenges and Risks - The construction industry in Hong Kong experienced steady growth during the year, despite challenges such as fierce competition and labor shortages[30]. - The Group has identified significant risks including labor shortages that could impact operational efficiency and profitability, particularly in labor-intensive sectors[164]. - The impacts of COVID-19 and political unrest in Hong Kong have contributed to a downward trend in the Hong Kong property market, posing challenges to the scaffolding industry[91]. Strategic Partnerships and Acquisitions - A new strategic partnership has been established with a leading technology firm to leverage advanced analytics in operations[1]. - The Group is currently negotiating the detailed terms of a proposed acquisition of part of the registered capital in a target company focused on corporate consultancy and big data platform management[153]. - The company is exploring potential acquisition opportunities to enhance its service portfolio and market reach[1]. Money Lending Operations - Money lending operations contributed approximately HK$51.8 million to the Group's turnover, representing an increase of approximately 15.5% compared to the previous financial year[37]. - The revenue from the money lending business increased during the year due to a rising trend in financing loans for corporations and individuals amid the economic impacts of COVID-19[66]. - The Group's money lending business aims to earn interest income while avoiding bad debts, with all loans granted in compliance with established guidelines[69]. Employee and Labor Management - The Group's total staff costs amounted to approximately HK$40.1 million for the year, a decrease from approximately HK$44.3 million in the previous year[187]. - As of April 30, 2021, the total number of full-time employees was 81, down from 90 the previous year[187]. - The Group is committed to providing a safe and healthy working environment to retain labor and mitigate risks associated with labor shortages[168]. Financial Position and Assets - As of April 30, 2021, the Group's total assets were approximately HK$711.1 million, down from approximately HK$732.1 million the previous year[102]. - The Group's net loan and interest receivables amounted to approximately HK$472.2 million, an increase from approximately HK$462.4 million in 2020[117]. - The Group's gearing ratio was approximately 28.8% as of April 30, 2021, an increase from approximately 27.5% in 2020[108]. Audit and Compliance - The Audit Committee has reviewed the consolidated financial statements of the Group for the Year[193]. - Four Audit Committee meetings were held during the Year[193]. - The Audit Committee is responsible for reviewing the financial reporting process and risk management systems of the Group[193].

Financial Performance - For the three months ended January 31, 2021, the revenue was HKD 38,963,000, a decrease of 2.6% from HKD 40,002,000 in the same period of 2020[3] - The gross profit for the nine months ended January 31, 2021, was HKD 46,927,000, slightly up from HKD 46,820,000 in the same period of 2020, indicating a stable performance[3] - The profit before tax for the three months ended January 31, 2021, was HKD 25,170,000, compared to a loss of HKD 6,301,000 in the same period of 2020, showing a significant turnaround[3] - The net profit attributable to owners for the three months ended January 31, 2021, was HKD 24,647,000, compared to a loss of HKD 6,629,000 in the same period of 2020[5] - The basic and diluted earnings per share for the three months ended January 31, 2021, were HKD 0.164, compared to a loss of HKD 0.056 in the same period of 2020[5] - The total comprehensive income for the three months ended January 31, 2021, was HKD 20,991,000, compared to a loss of HKD 9,269,000 in the same period of 2020[7] - For the nine months ended January 31, 2021, the company's revenue was approximately HKD 102,400,000, a decrease of about 9.4% compared to HKD 113,000,000 for the same period in 2020[38] - The net loss attributable to the company's owners from continuing operations for the nine months ended January 31, 2021, was approximately HKD 21,100,000, compared to HKD 13,700,000 for the same period in 2020[38] - Revenue decreased by approximately 9.4% compared to the same period last fiscal year[56] Income and Expenses - The company reported other income of HKD 5,237,000 for the nine months ended January 31, 2021, significantly higher than HKD 1,878,000 in the same period of 2020[3] - The financing costs for the nine months ended January 31, 2021, were HKD 6,817,000, a slight decrease from HKD 6,892,000 in the same period of 2020[3] - The company’s operational and administrative expenses for the nine months ended January 31, 2021, were HKD 5,271,000, an increase from HKD 4,614,000 for the same period in 2020[34] - Operating and administrative expenses increased from approximately HKD 32,100,000 to about HKD 33,000,000, similar to the same period in 2020[56] - The company recognized government subsidies of approximately HKD 4,100,000 during the reporting period[38] Revenue Sources - Revenue from customer contracts for construction and related services was HKD 25,564 thousand for the three months ended January 31, 2021, a decrease of 8.4% compared to HKD 27,889 thousand in the same period of 2020[16] - Total revenue from continuing operations for the three months ended January 31, 2021, was HKD 38,963 thousand, down 2.6% from HKD 40,002 thousand in the same period of 2020[16] - Interest income for the three months ended January 31, 2021, increased to HKD 12,813 thousand from HKD 11,752 thousand in the same period of 2020, representing a growth of 9.0%[16] - Rental income for the three months ended January 31, 2021, was HKD 324 thousand, significantly higher than HKD 144 thousand in the same period of 2020, marking a growth of 125.0%[17] - The lending business recorded revenue of approximately HKD 37,700,000, an increase from HKD 33,400,000 in the same period last year, with loan principal amounts ranging from HKD 200,000 to HKD 25,000,000 and interest rates between 7.5% and 18%[44] - The investment portfolio generated a net income of approximately HKD 2,700,000, a recovery from a net loss of approximately HKD 17,700,000 in the same period in 2019, primarily due to a rise in the Hong Kong stock market[45] - The asset management business recorded revenue of approximately HKD 1,400,000, remaining stable compared to the same period in 2020[46] Sales and Subsidiaries - The company completed the sale of two wholly-owned subsidiaries for a cash consideration of HKD 7,000,000 plus the net asset value of the subsidiaries at completion[28] - The company reported a gain from the sale of subsidiaries amounting to HKD 13,767,000 for the nine months ended January 31, 2021[33] - The sale of subsidiaries related to securities brokerage and margin financing has been completed, resulting in a reclassification of the associated revenue and performance as discontinued operations[49] Challenges and Market Conditions - The scaffolding services segment generated revenue of approximately HKD 63,400,000, a significant decrease of about HKD 5,400,000 compared to the same period in 2020 due to COVID-19 restrictions[39] - The group faced increased labor costs and decreased profit margins due to a shortage of skilled workers in the scaffolding industry, intensifying competition[40] - The COVID-19 pandemic led to a decrease in approved new construction projects and contracts, further exacerbating competition in the construction industry[50] Strategic Plans and Governance - The company is reviewing its asset structure and business strategy to adapt to future uncertainties[54] - The company plans to focus on high-margin and growth potential business segments, such as lending services[54] - The company will actively explore suitable investment opportunities to diversify its business scope[54] - The company plans to hold a special general meeting to seek independent shareholder approval for the sale of its subsidiary, which is still pending[36] - The company has not conducted any significant acquisitions or disposals of subsidiaries or associates in the nine months ending January 31, 2021[61] Corporate Governance - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing the company's annual and interim reports[82] - The company has complied with the corporate governance code, with a noted deviation regarding the chairman's meetings with non-executive directors[81] - The company has adopted the GEM Listing Rules regarding the code of conduct for securities transactions by directors, with no known violations reported[77] - The company has maintained the required public float as per GEM Listing Rules as of the report date[80] Shareholder Information - Shareholder equity as of January 31, 2021, was approximately HKD 512,100,000, down from HKD 537,600,000 on April 30, 2020[57] - The company granted a total of 143,671,010 share options to executive director Yuen Chun Fai, which expired on the termination date of his employment[65] - There are no provisions for preemptive rights in the company's articles of association or Bermuda law, meaning existing shareholders are not entitled to new shares on a pro-rata basis[66] - As of January 31, 2021, the company’s directors and senior management held a total of 3,320,000 shares, representing approximately 0.05% of the issued share capital[70] - The company did not purchase, sell, or redeem any of its listed securities during the nine-month period ending January 31, 2021[76]

Financial Performance - For the three months ended October 31, 2020, the company reported revenue of HKD 31,180,000, a decrease of 8.8% from HKD 34,186,000 in the same period of 2019[5]. - The gross profit for the six months ended October 31, 2020, was HKD 31,702,000, representing an increase of 6.7% compared to HKD 29,713,000 for the same period in 2019[5]. - The company incurred a loss from continuing operations of HKD 43,767,000 for the three months ended October 31, 2020, compared to a loss of HKD 4,246,000 in the same period of 2019[5]. - Total comprehensive loss for the six months ended October 31, 2020, was HKD 46,039,000, significantly higher than HKD 12,847,000 for the same period in 2019[12]. - The total loss for the three months ended October 31, 2020, was HKD 45,256,000, compared to HKD 5,637,000 in the same period of 2019, reflecting a significant deterioration in performance[8]. - The company reported a pre-tax loss of HKD 7,877,000 for the six months ended October 31, 2020, compared to a pre-tax loss of HKD 43,620,000 for the same period in 2019[39]. - The net loss attributable to shareholders from continuing operations for the same period was approximately HKD 45,800,000, compared to a net loss of about HKD 7,100,000 in 2019[85]. Revenue and Income Sources - Revenue from customer contracts for construction and related services was HKD 37,797,000 for the six months ended October 31, 2020, down 25% from HKD 50,302,000 in the same period of 2019[33]. - Total revenue from continuing operations was HKD 63,479,000 for the six months ended October 31, 2020, compared to HKD 72,986,000 in the prior year, representing a decrease of approximately 13%[33]. - The company reported other income of HKD 4,896,000 for the six months ended October 31, 2020, compared to HKD 1,793,000 in the same period of 2019, indicating a substantial increase[5]. - The company reported a total of HKD 1,661,000 in other income for the six months ended October 31, 2020, compared to HKD 3,788,000 in the same period of 2019[41]. - The company’s total income from other sources, including interest income, was HKD 24,893,000 for the six months ended October 31, 2020, up from HKD 21,670,000 in the same period of 2019[33]. Expenses and Liabilities - The company’s operating and administrative expenses for the three months ended October 31, 2020, were HKD 49,804,000, compared to HKD 1,640,000 in the same period of 2019, indicating increased operational costs[5]. - Interest expenses for bank loans and overdrafts increased to HKD 855,000 for the three months ended October 31, 2020, compared to HKD 649,000 in the same period of 2019, representing a 31.7% increase[43]. - The total interest expenses for other loans and borrowings rose significantly to HKD 3,548,000 for the six months ended October 31, 2020, from HKD 2,956,000 in the same period of 2019, marking a 19.9% increase[43]. - The company’s total liabilities increased, reflecting ongoing financial challenges and operational adjustments[5]. Assets and Equity - As of October 31, 2020, total assets amounted to HKD 390,408 thousand, an increase from HKD 333,396 thousand as of April 30, 2020, representing a growth of approximately 17.1%[17]. - The company reported a total equity of HKD 478,310 thousand as of October 31, 2020, down from HKD 524,349 thousand as of April 30, 2020, reflecting a decrease of approximately 8.8%[20]. - Shareholders' equity as of October 31, 2020, was approximately HKD 490,900,000, down from approximately HKD 537,600,000 as of April 30, 2020[105]. - The group's total assets as of October 31, 2020, were approximately HKD 680,000,000, down from approximately HKD 732,100,000 as of April 30, 2020[112]. Strategic Initiatives and Market Outlook - The company is focusing on strategic initiatives to enhance operational efficiency and explore new market opportunities moving forward[5]. - The company is reviewing its asset structure and business strategy to adapt to economic uncertainties and is focusing on high-margin and growth-potential segments like lending[102]. - The company plans to actively explore suitable investment opportunities to diversify its business scope and enhance overall development[102]. - The company anticipates a shift towards the use of metal scaffolding over bamboo scaffolding due to durability and efficiency, indicating a potential change in industry standards[102]. - The construction industry is facing challenges such as rising labor costs and a shortage of skilled workers, impacting the future outlook of the scaffolding business[100]. Corporate Governance and Compliance - The company emphasizes the importance of high-quality corporate governance and accountability to enhance shareholder confidence[136]. - The audit committee consists of three independent non-executive directors responsible for reviewing financial reports and internal control procedures[137]. - The unaudited interim results for the six months ending October 31, 2020, were reviewed by the audit committee and deemed compliant with applicable accounting standards and regulations[137].

Financial Performance - For the three months ended July 31, 2020, the company reported revenue of HKD 32,299,000, a decrease of 16.6% from HKD 38,800,000 in the same period of 2019[3]. - Gross profit for the same period was HKD 16,135,000, slightly down from HKD 16,142,000 in 2019, indicating a stable gross margin despite revenue decline[3]. - The company recorded a loss from continuing operations of HKD 1,247,000, an improvement compared to a loss of HKD 5,131,000 in the prior year[3]. - Total comprehensive loss for the period was HKD 3,843,000, reduced from HKD 7,382,000 in the same quarter of 2019, reflecting better overall performance[6]. - Basic and diluted loss per share from continuing operations was HKD 0.010, an improvement from HKD 0.035 in the previous year[3]. - Revenue from continuing operations for the three months ended July 31, 2020, was HKD 32,299 thousand, a decrease of 16.4% compared to HKD 38,800 thousand in 2019[18]. - Contract revenue from scaffolding, fit-out, and other ancillary services was HKD 19,906 thousand, down from HKD 27,750 thousand in the previous year, representing a decline of 28.6%[18]. - Total income from other sources was HKD 20,374 thousand, a decrease of 27.8% from HKD 28,260 thousand in 2019[18]. - The company reported a net loss attributable to shareholders of HKD 3,150 thousand for the three months ended July 31, 2020, compared to a loss of HKD 6,284 thousand in 2019[27]. - Basic and diluted loss per share from continuing operations was HKD 1,432 thousand for the three months ended July 31, 2020, down from HKD 5,044 thousand in 2019[28]. - The company reported a revenue decrease of approximately 16.8% compared to the same period last fiscal year[53]. Expenses and Income - The company reported a total operating and administrative expense of HKD 9,880,000, which increased from HKD 8,797,000 in the same period last year[3]. - Other income for the period was HKD 1,067,000, compared to HKD 311,000 in the previous year, indicating a positive trend in non-operating income[3]. - Rental income increased to HKD 185 thousand in 2020 from HKD 144 thousand in 2019, reflecting a growth of 28.5%[20]. - Interest income rose to HKD 56 thousand in 2020 from HKD 22 thousand in 2019, marking an increase of 154.5%[20]. - The total financing costs for the three months ended July 31, 2020, were HKD 2,227 thousand, compared to HKD 2,124 thousand in 2019, indicating an increase of 4.9%[23]. - The company recorded a fair value loss of HKD 5,607 thousand on financial assets for the three months ended July 31, 2020, compared to a loss of HKD 10,788 thousand in 2019[22]. Business Operations and Strategy - The company continues to focus on its core business in construction and scaffolding services, with plans for market expansion in the coming quarters[14]. - The company has not disclosed any new product launches or technological advancements during this reporting period[14]. - Future outlook remains cautious due to market volatility, with management emphasizing the need for strategic adjustments to navigate challenges[14]. - The scaffolding and renovation services segment generated revenue of approximately HKD 19,900,000, a significant decrease of about HKD 7,800,000 compared to the same period in 2019[36]. - The lending business recorded revenue of approximately HKD 11,900,000, an increase from approximately HKD 10,500,000 in the same period of 2019[41]. - The securities investment business continued to incur losses, but the losses decreased by approximately 43.8% compared to the same period in 2019[42]. - The asset management business recorded revenue of approximately HKD 468,000, a decrease of about 8.2% compared to the same period in 2019[44]. - The company is actively seeking opportunities to diversify its business scope and enhance overall development[52]. - The lending business saw an increase in the loan portfolio due to rising demand for financing amid the economic impact of the COVID-19 pandemic[49]. - The company plans to adjust its asset structure and business strategy to better respond to future uncertainties[52]. - The scaffolding and renovation services segment experienced a revenue decline due to increased competition and reduced new project approvals[48]. - The company will continue to focus on high-margin and growth-potential business segments, such as lending[52]. Corporate Governance - The company has complied with the GEM Listing Rules regarding the conduct of securities transactions by directors[78]. - The company maintains sufficient public float as per GEM listing rules as of the report date[81]. - The audit committee, consisting of three independent non-executive directors, reviews the company's annual, semi-annual, and quarterly reports[85]. - The company has complied with the corporate governance code as per GEM listing rules, with some deviations noted[82]. - The board of directors includes a mix of executive and independent non-executive members, ensuring a balanced governance structure[86]. - The company emphasizes transparency and accountability to enhance shareholder and public confidence through strict corporate governance practices[82]. - The audit committee has reviewed the unaudited consolidated first-quarter results for the period ending July 31, 2020, and found them compliant with applicable accounting standards[85]. - The company has established a clear written scope of authority and responsibilities for the audit committee[83]. - The board of directors is independent from the entities that may pose competition to the company[80]. - The company has held multiple meetings to monitor and review corporate governance practices during the first quarter[82]. - The chairman of the board is also an executive director, which led to a deviation from the corporate governance code regarding meetings with non-executive directors[82]. Shareholder Information - The company did not recommend any dividend distribution for the three months ended July 31, 2020, nor for the previous year[25]. - As of July 31, 2020, the company's shareholders' equity was approximately HKD 533,600,000, down from approximately HKD 537,600,000 on April 30, 2020[55]. - The company provided scaffolding services for 37 ongoing projects during the reporting period, with 17 completed on schedule and 9 new contracts secured[37]. - The company is awaiting the completion of the sale of two wholly-owned subsidiaries for a cash consideration of HKD 7,000,000, pending regulatory approvals[31]. - There have been no significant acquisitions or disposals of subsidiaries or associates in the three months ending July 31, 2020[56]. - The sale of Bright Advantage and the entire issued share capital of the Niubao Financial Group is pending regulatory approval and has not yet been completed[46]. - The stock option plan adopted on November 25, 2001, was terminated by shareholders on August 30, 2011, preventing any further options from being granted under this plan[58]. - The maximum number of shares that can be issued under any stock option plan within a twelve-month period is limited to 1% of the company's total issued share capital, unless otherwise approved by shareholders[59]. - The exercise price of stock options cannot be lower than the higher of the closing price on the date of grant or the average closing price over the five trading days preceding the grant[61]. - As of July 31, 2020, a total of 143,671,010 stock options were granted to Mr. Ruan Junhui, which became invalid upon termination of his employment[62]. - No preferential purchase rights exist that require the company to offer new shares to existing shareholders on a pro-rata basis[63]. - The management agreement with Smart Consultant Limited for daily operations and financial matters remains effective and has no fixed term[64]. - As of July 31, 2020, no significant contracts were disclosed involving directors or senior executives in the company[68]. - The company did not purchase, sell, or redeem any of its listed securities during the three months ending July 31, 2020[77].

Business Strategy and Operations - WLS Holdings Limited reported a significant focus on enhancing business efficiencies and adhering to safety, quality, and efficiency principles[9] - The company emphasizes the "Circle and Square" concept, which symbolizes flexibility in external services and caution in internal operations[12] - The company is committed to continuous improvement and compliance with legal regulations in its operations[13] - The Group plans to adjust its overall corporate strategy by disposing of its securities brokerage and margin financing segments to focus on its principal businesses[43] - The Group aims to continue acquiring new contracts in the fitting out services sector due to intense competition[74] - The Group will actively explore suitable investment opportunities to diversify its business horizons[100] - The business strategy aligns with the government's overall strategic development plans for property construction and infrastructure investment[100] Financial Performance - The turnover for the scaffolding, fitting out, and other auxiliary services segment decreased by approximately 31.0% for the year[41] - The money lending operations contributed approximately HK$44.8 million to the Group's turnover, representing an increase of approximately 11.0% compared to the previous financial year[42] - The overall gross profit margin increased to approximately 42.1%, driven by the stable profit margin of the money lending business[42] - The Group's total revenue decreased to approximately HK$139.5 million, representing a decline of about 22.3% compared to the previous year[60] - The Group's loss for the year attributable to the owners was HK$103.134 million, compared to a loss of HK$46.604 million in the previous year[31] - The loss per share for the year was HK$0.718, compared to HK$0.324 in the previous year[31] - The net loss attributable to owners from continuing operations was approximately HK$103.1 million, a significant increase of approximately 121.3% compared to the last year[60] - Gross profit slightly decreased by approximately 2.3% to approximately HK$58.8 million, while the gross profit margin increased to approximately 42.1% from 33.5% in the previous year[103] Challenges and Risks - The Group faced challenges due to delays in construction material deliveries and a reduction in available labor caused by COVID-19[33] - There is a continuous shortage of about 10,000 to 15,000 skilled workers in the construction industry, impacting overall efficiency and profit margins[52] - The Group anticipates ongoing economic instability due to the COVID-19 pandemic and geopolitical tensions[83] - The outbreak of COVID-19 is expected to have a short-term negative impact on the global economic environment, likely affecting the Group's revenue and profit in the first half of 2020[178] - The Group has identified significant risks including labor shortages, which could increase staff and subcontracting costs, adversely affecting profitability[155] Corporate Governance and Management - The Company has a strong focus on corporate governance, with Mr. Yuen serving as the compliance officer and company secretary[198] - The Group's leadership is committed to maintaining high standards of financial management and compliance across its operations[198] - The Group's executive team includes members with diverse backgrounds in finance, management, and engineering, enhancing its operational capabilities[190][193][197] - The Company continues to expand its management team with qualified professionals to support its growth strategy[196] Investment and Asset Management - The Group's investment portfolio recorded a net loss of approximately HK$17.8 million, slightly improved from a net loss of approximately HK$18.4 million in the previous year[83] - The asset management business recorded a turnover of approximately HK$2.0 million for the year, down from HK$4.9 million last year, attributed to the US-China trade war, COVID-19 outbreak, and tightening fund transfer controls from China to Hong Kong[85] - The Group's securities investments performance is expected to depend on the financial and operational performance of investee companies[142] - The Group will continue to review its investment strategy regularly and take appropriate actions in response to market changes[142] Financial Position and Capital Structure - As of April 30, 2020, the Group's equity attributable to owners was approximately HK$537.6 million, down from approximately HK$646.0 million the previous year[110] - The Group's total assets were approximately HK$732.1 million, a decrease from approximately HK$798.3 million the previous year[110] - The gearing ratio increased to approximately 27.5% from approximately 19.6% the previous year, indicating a rise in total debts relative to equity[112] - The Group actively reviews and manages its capital structure to maintain a balance between shareholder return and a sound capital position, making adjustments as necessary[164] Market Conditions and Future Outlook - The construction industry is expected to be busy in 2020 despite the challenges posed by the pandemic[52] - The Group's financial performance is expected to be influenced by factors such as interest rate movements, US-China trade tensions, political unrest in Hong Kong, and the macroeconomic environment[142] - The Group is reviewing its existing asset structure and business strategies to consolidate resources and prepare for future uncertainties[100] Key Personnel - Dr. So Yu Shing has been with the Group since September 1991 and has held the position of executive director since July 23, 2001[189] - Mr. Kong Kam Wang, the CEO, has over 20 years of banking experience and joined the Company in March 2002[193] - Ms. Lai Yuen Mei has been actively involved in the management of the Group since joining in March 1988[192] - Mr. Lu, appointed as an independent non-executive director since February 26, 2018, has over ten years of experience in auditing and business consulting[200]

Financial Performance - For the three months ended January 31, 2020, the revenue was HKD 40,002,000, a decrease of 25.0% from HKD 53,887,000 in the same period of 2019[3] - The gross profit for the nine months ended January 31, 2020, was HKD 46,820,000, representing an increase of 3.8% compared to HKD 45,121,000 for the same period in 2019[3] - The loss from continuing operations before tax for the three months ended January 31, 2020, was HKD 6,640,000, compared to a profit of HKD 3,371,000 in the same period of 2019[3] - The total comprehensive loss for the nine months ended January 31, 2020, was HKD 22,116,000, compared to a loss of HKD 27,010,000 for the same period in 2019[16] - The basic loss per share from continuing operations for the three months ended January 31, 2020, was HKD 0.048, compared to a profit of HKD 0.024 in the same period of 2019[5] - The company reported a total loss of HKD 8,544,000 for the three months ended January 31, 2020, compared to a profit of HKD 1,704,000 in the same period of 2019[9] - Total revenue for the three months ended January 31, 2020, was HKD 40,002,000, a decrease of 25.8% compared to HKD 53,887,000 for the same period in 2019[38] - Total revenue for the nine months ended January 31, 2020, was HKD 112,988,000, a decrease of 17.9% from HKD 137,595,000 for the same period in 2019[38] - The company reported a total loss from discontinued operations of HKD 1,091,000 for the three months ended January 31, 2020, compared to a loss of HKD 1,281,000 in 2019[55] Expenses and Costs - The operating and administrative expenses for the nine months ended January 31, 2020, were HKD 32,963,000, an increase from HKD 31,132,000 in the same period of 2019[3] - Operating and administrative expenses increased from approximately HKD 31,100,000 to approximately HKD 33,000,000 during the reporting period[74] - Financing costs for the nine months ended January 31, 2020, totaled HKD 6,892,000, an increase of 7.4% compared to HKD 6,417,000 for the same period in 2019[43] - Financing costs rose from approximately HKD 6,400,000 to approximately HKD 6,900,000, indicating a need for strict cost control measures going forward[74] Income and Other Revenue - The company recorded other income of HKD 1,878,000 for the nine months ended January 31, 2020, compared to HKD 1,354,000 in the same period of 2019[3] - The group reported a total of HKD 1,961,000 in finance lease obligations as of May 1, 2019[36] - The group recognized rental income of HKD 432,000 for the nine months ended January 31, 2020, down from HKD 533,000 in the previous year[39] - The group reported a total of HKD 28,250,000 in other income for the three months ended January 31, 2020, down from HKD 43,778,000 in the previous year[39] Shareholder Information - The company has not declared any dividends for the periods reported[5] - The company did not recommend any dividend for the nine months ended January 31, 2020, consistent with the previous year[49] - As of January 31, 2020, the group had shareholder equity of approximately HKD 630,000,000, down from approximately HKD 646,000,000 as of April 30, 2019[75] - As of January 31, 2020, the company had a total of 1,600,000,000 shares held by major shareholders Liang Weihao and Zhuang Minshan, representing approximately 11.14% of the issued share capital[105] Business Operations and Strategy - The company is in discussions regarding a potential acquisition of Capital Payment Limited, with a non-binding memorandum of understanding signed on February 25, 2020[56] - The company remains optimistic about the overall prospects of the scaffolding sector, anticipating significant future construction projects due to projected land supply increases in Hong Kong[71] - The group is actively seeking new contracts in the competitive renovation services sector[61] - The company successfully secured 10 new contracts in the scaffolding services segment during the reporting period[59] - The group is actively exploring suitable investment opportunities to diversify its business platform and drive overall development[73] Market and Economic Conditions - The group anticipates that the investment environment in the US and other advanced economies will remain challenging in the short to medium term[80] - The board expects the Hong Kong stock market to remain volatile in 2020, which may affect the performance of the group's securities investments[87] Future Outlook - The company provided guidance for Q4 2023, expecting revenue to be between $5.5 billion and $5.7 billion, indicating a potential growth of 6% to 10%[118] - The company plans to enter the Asian market, targeting a revenue contribution of $1 billion by 2025[118] Recent Developments - The company reported a revenue of $5.2 billion for Q3 2023, representing a 15% year-over-year increase[118] - User base grew to 150 million active users, up from 130 million in the previous quarter, marking a 15% increase[118] - New product launches contributed to a 20% increase in sales in the consumer electronics segment[118] - The company invested $200 million in R&D for new technologies, focusing on AI and machine learning advancements[118] - Market expansion efforts in Europe resulted in a 25% increase in market share within the region[118] - The company completed the acquisition of a smaller tech firm for $300 million, expected to enhance its product offerings[118] - Customer retention rate improved to 85%, up from 80% in the previous quarter[118] - Operating margin improved to 30%, up from 28% in the previous quarter, reflecting better cost management[118]

Financial Performance - For the six months ended October 31, 2019, total revenue was HKD 73,290,000, a decrease of 12.6% from HKD 83,934,000 in the same period of 2018[5] - Gross profit for the six months was HKD 30,017,000, representing an increase of 17.4% compared to HKD 25,549,000 in the previous year[5] - The net loss attributable to owners of the company for the six months was HKD 9,690,000, a reduction of 57.1% from HKD 22,518,000 in the same period of 2018[5] - Total comprehensive loss for the six months was HKD 12,847,000, down from HKD 26,793,000 in the previous year, indicating a 52.0% improvement[7] - The basic and diluted loss per share for the six months was HKD 0.067, an improvement from HKD 0.157 in the same period of 2018[5] - The company reported a total of HKD 34,322,000 in revenue for the three months ended October 31, 2019, down from HKD 37,110,000 in the same period of 2018, a decrease of 7.5%[57] - The pre-tax loss for the three months ended October 31, 2019, was approximately HKD 3,406,000, while for the six months it was HKD 9,690,000[69] - The financing costs for the six months ended October 31, 2019, totaled HKD 4,310,000, compared to HKD 3,971,000 for the same period in 2018, representing an increase of 8.5%[64] Assets and Liabilities - Non-current assets decreased to HKD 498,767,000 as of October 31, 2019, from HKD 525,112,000 as of April 30, 2019[9] - Current assets increased to HKD 304,207,000 as of October 31, 2019, compared to HKD 273,138,000 as of April 30, 2019, reflecting a growth of 11.4%[9] - The company reported a decrease in total liabilities to HKD 180,074,000 as of October 31, 2019, down from HKD 162,328,000 as of April 30, 2019[9] - The total equity of the company decreased from HKD 634,630 thousand to HKD 621,783 thousand, a decrease of approximately 2.0%[16] - The current liabilities due within one year increased to HKD 133,345,000 as of October 31, 2019, from HKD 57,066,000 as of April 30, 2019[75] - The total amount of accounts payable and other payables was HKD 24,096,000 as of October 31, 2019, down from HKD 29,124,000 as of April 30, 2019[81] Cash Flow - The net cash used in operating activities for the six months ended October 31, 2019, was HKD (41,642) thousand, compared to HKD 16,899 thousand for the same period in 2018, indicating a significant decline[21] - The net cash generated from investing activities was HKD 18,130 thousand, down from HKD 23,811 thousand in the previous year, a decrease of approximately 23.9%[21] - The net cash generated from financing activities increased to HKD 17,450 thousand from HKD 29 thousand in the previous year, showing a substantial improvement[21] - Cash and cash equivalents decreased from HKD 101,213 thousand to HKD 71,605 thousand, a decline of approximately 29.3%[21] - The company reported a cash balance of HKD 90,247 thousand at the beginning of the period, which decreased to HKD 71,605 thousand by the end of the period[21] Revenue Breakdown - Revenue from contract income for construction and building projects was HKD 43,506,000 for the six months ended October 31, 2019, down from HKD 51,247,000 in the same period of 2018, representing a decline of 15.5%[57] - Revenue from asset management for the six months ended October 31, 2019, was HKD 1,014,000, down from HKD 1,684,000 in the same period of 2018, a decrease of 39.7%[57] - The scaffolding services segment generated revenue of approximately HKD 43,500,000, a decrease of about 15.1% compared to the same period in 2018[99] - The lending business recorded revenue of approximately HKD 21,700,000, an increase of about 8.9%, accounting for 30% of total revenue[104] - The asset management business generated revenue of approximately HKD 1,000,000, a decrease of about 40% due to the economic downturn in Hong Kong[108] Shareholder Information - The company has not declared any dividends for the periods reported[5] - The group did not declare or pay any dividends during the interim period[68] - Major shareholders included Mr. Leung Wai Ho and Ms. Chuang Man San, each holding 1,600,000,000 shares, which accounted for approximately 11.14% of the company's issued share capital[152] Corporate Governance - The company emphasized strict corporate governance practices to enhance accountability and transparency to shareholders[156] - The audit committee, consisting of three independent non-executive directors, reviewed the company's financial reports and internal control procedures[161] - The company adopted the GEM Listing Rules regarding the code of conduct for directors' securities transactions and found no non-compliance during the reporting period[158] Market Strategy - The company continues to explore new strategies for market expansion and product development to enhance future performance[5] - The group has identified a market gap of about 10,000 to 15,000 skilled workers in the construction industry and plans to promote the "Thunder" scaffolding system to enhance efficiency and increase revenue[109] - The group plans to explore suitable investment opportunities to diversify its business platform and drive overall growth[109]