Financial Performance - The Group's revenue decreased from approximately HK$92.9 million for the six months ended 30 September 2022 to approximately HK$72.2 million, a decline of approximately 22.4% for the six months ended 30 September 2023[9]. - The Group's gross profit decreased by approximately 17.8% from approximately HK$32.2 million for the six months ended 30 September 2022 to approximately HK$26.5 million for the same period in 2023, while the gross profit margin increased from approximately 34.6% to approximately 36.7%[9]. - Profit attributable to owners of the Company decreased from approximately HK$15.1 million for the six months ended 30 September 2022 to approximately HK$8.9 million for the same period in 2023[9]. - Operating profit for the six months ended 30 September 2023 was approximately HK$11.1 million, down from HK$18.8 million for the same period in 2022[12]. - Profit before income tax for the six months ended 30 September 2023 was approximately HK$10.8 million, compared to HK$18.0 million for the same period in 2022[12]. - The Group's total comprehensive income for the period was approximately HK$9.0 million, down from HK$15.2 million for the same period in 2022[12]. - The profit for the period ended September 30, 2023, was HK$8,877,135, a decrease of 41.5% compared to HK$15,109,038 for the same period in 2022[23][27]. - Total comprehensive income for the period attributable to owners of the Company was HK$3,066,823 for the three months ended 30 September 2023, down from HK$9,511,500 in 2022, representing a decline of 67.7%[14]. Revenue Breakdown - Revenue from flooring services for the six months ended September 30, 2023, was HK$64,897,056, representing a decline of 20.0% compared to HK$81,269,720 in the same period last year[58]. - Ancillary services revenue for the six months ended September 30, 2023, decreased by 39.1% to HK$6,952,041 from HK$11,483,006 in the previous year[58]. - Revenue from customers in Hong Kong, Macau, and other Asian regions for the six months ended 30 September 2023 was HK$71,946,323, a decrease of 22.6% from HK$92,943,972 in 2022[61]. - For the three months ended September 30, 2023, the Group reported revenue of HK$36,947,203, a decrease of 24.8% compared to HK$49,075,788 for the same period in 2022[58]. Expenses and Costs - General and administrative expenses increased to approximately HK$16.0 million for the six months ended 30 September 2023, compared to HK$14.7 million for the same period in 2022[12]. - The cost of flooring materials used for the six months ended 30 September 2023 was HK$26,067,005, a decrease from HK$32,930,883 for the same period in 2022[114]. - Subcontractor costs for the six months ended 30 September 2023 were HK$15,303,353, down from HK$24,407,529 in the previous year[114]. - Employee costs for the six months ended September 30, 2023, were approximately HK$13.3 million, compared to HK$11.5 million in the same period of 2022[170]. Cash Flow and Assets - Cash and cash equivalents increased to HK$52,253,298 as at 30 September 2023, up from HK$34,409,576 as at 31 March 2023, indicating a rise of 52.0%[20]. - Net cash generated from operating activities for the six months ended September 30, 2023, was HK$22,848,375, significantly higher than HK$9,299,280 in the previous year, representing a 146.5% increase[27]. - Total assets as at 30 September 2023 amounted to HK$181,636,346, an increase from HK$174,298,372 as at 31 March 2023, representing a growth of 4.0%[20]. - Trade receivables decreased significantly to HK$38,691,312 as of September 30, 2023, down 22.1% from HK$49,673,399 as of March 31, 2023[85]. Dividends and Shareholder Information - The Board does not recommend the payment of an interim dividend for the six months ended 30 September 2023, consistent with the previous year[9]. - As of September 30, 2023, Mr. Kwong holds 392,886,000 shares in the Company, representing approximately 65.48% of the total shareholding[179]. - Mr. Kwong beneficially owns 70% of Sage City, which holds 65.48% of the Company's shares, making him deemed to have an interest in all shares owned by Sage City[181]. - No other Directors or chief executives had any interests or short positions in the shares or debentures of the Company or associated corporations as of September 30, 2023[187]. Governance and Compliance - The Company has complied with the principles and applicable code provisions of the Corporate Governance Code for the six months ended September 30, 2023[198]. - The Company disclosed no substantial shareholders with interests or short positions in the shares or underlying shares as of September 30, 2023[188]. - All Directors confirmed full compliance with the Code of Conduct during the six months ended September 30, 2023[199].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 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 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Kwong Man Kee Group Limited 鄺 文 記 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股票代號：8023） 截至二零二三年九月三十日止六個月之 中期業績公佈 鄺文記集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）之董事（「董事」） 會（「董事會」）欣然公佈本集團截至二零二三年九月三十日止六個月之未經審核綜 合財務業績。本公告列載本公司截至二零二三年九月三十日止六個月之中期業績 報告（「2023/24中期報告」）之全文，並符合香港聯合交易所有限公司之GEM證券 上市規則（「GEM上市規則」）有關中期業績初步公佈隨載的資料要求。本公司 2023/24中期報告的印刷版本將於適當時候按照GEM上市規則所規定的方式寄發 予本公司股東，並將可在香港聯合交易所有限公司網站www.hkexnews.hk及本公 司的網站www.kmk.com.hk閱覽。 承董事會命 鄺文記 ...

Financial Performance - The Group's revenue decreased from approximately HK$43.9 million for the three months ended June 30, 2022, to approximately HK$35.2 million, representing a decline of approximately 19.7%[9] - The Group's gross profit decreased by approximately 5.8% from approximately HK$15.0 million for the three months ended June 30, 2022, to approximately HK$14.1 million for the same period in 2023, while the gross profit margin increased from approximately 34.2% to approximately 40.1%[9] - Profit attributable to owners of the Company increased from approximately HK$5.6 million for the three months ended June 30, 2022, to approximately HK$5.8 million for the same period in 2023[9] - Operating profit for the three months ended June 30, 2023, was approximately HK$6.98 million, compared to approximately HK$7.36 million for the same period in 2022[13] - The profit before income tax for the period was approximately HK$6.83 million, slightly down from approximately HK$7.04 million in the previous year[13] - The total comprehensive income for the period attributable to owners of the Company was approximately HK$5.77 million, compared to approximately HK$5.62 million for the same period in 2022[15] - Basic and diluted earnings per share attributable to owners of the Company increased to 0.97 HK cents from 0.93 HK cents[15] - The profit for the period was HK$5,813,251, an increase from HK$5,608,975 in the previous year[17] - Total comprehensive income for the period was HK$5,769,089, compared to HK$5,616,888 in the same period last year[17] Revenue Breakdown - Revenue from flooring services was HK$31,331,202, down 19.4% from HK$38,847,394 in the previous year[31] - Revenue from ancillary services decreased to HK$3,686,751, a decline of 26.0% from HK$4,973,890 in the prior year[31] - Sales of materials dropped significantly to HK$201,852, compared to HK$46,900 in the same period last year[31] - For the three months ended June 30, 2023, the total revenue was HK$35,219,805, a decrease of 19.7% compared to HK$43,868,184 for the same period in 2022[31] Expenses and Costs - Other income and gains decreased significantly from approximately HK$299,301 in 2022 to approximately HK$21,138 in 2023[13] - The Group's general and administrative expenses increased from approximately HK$7.03 million in 2022 to approximately HK$7.54 million in 2023[13] - Cost of materials used decreased to HK$11,839,298 in 2023 from HK$15,579,703 in 2022, reflecting a reduction of approximately 24.5%[48] - Subcontractor costs decreased to HK$7,269,785 in 2023 from HK$11,442,622 in 2022, a decline of approximately 36.4%[48] - Employee benefit expenses increased to HK$6,450,241 in 2023 from HK$5,810,576 in 2022, an increase of approximately 11%[48] - General and administrative expenses increased by approximately HK$511,000 from approximately HK$7.0 million to approximately HK$7.5 million, primarily due to increased staff salaries[71] Dividends and Shareholder Information - The Board does not recommend the payment of dividends for the three months ended June 30, 2023, compared to no dividends in the same period of 2022[9] - The Group did not recommend the payment of dividends for the three months ended June 30, 2023, consistent with the previous year[41] - As of June 30, 2023, Mr. Kwong holds 392,886,000 shares, representing approximately 65.48% of the company's shareholding[98] - Mr. Yip holds 3,000 shares in Sage City, which accounts for 30% of the shareholding in that associated corporation[102] - Mr. Kwong beneficially owns 70% of the issued share capital of Sage City, which holds 65.48% of the company[98] - Mrs. Kwong is deemed to be interested in all shares held by Mr. Kwong for the purposes of the Securities and Futures Ordinance[106] Corporate Governance and Compliance - The company has complied with the principles and applicable code provisions of the Corporate Governance Code for the three months ended June 30, 2023[110] - The Company has complied with the corporate governance code principles and applicable provisions during the three months ended June 30, 2023[113] - The Company has adopted the GEM Listing Rules as the code of conduct for securities transactions by Directors, with all Directors confirming compliance during the reporting period[115] - The Company has established an Audit Committee to oversee financial control, internal control, and risk management systems[123] - The Audit Committee has reviewed the Group's unaudited condensed consolidated financial results for the three months ended June 30, 2023[124] Market Outlook and Business Development - The local property market is gradually recovering, but demand in the commercial and private residential markets remains weak, leading to an uncertain economic outlook[83] - The Group is actively seeking to develop business in other Asia-Pacific markets to diversify income sources and manage risks[86] Other Information - The company has not early adopted new and revised HKFRSs that have been issued but are not yet effective for the current accounting period[29] - The financial information has been prepared in accordance with Hong Kong Financial Reporting Standards and has not been audited[26] - The Group's business is regarded as a single operating segment by the executive Directors[31] - The Company and its subsidiaries did not purchase, sell, or redeem any shares for the three months ended June 30, 2023[116] - No share options have been granted since the adoption of the share option scheme, and there were no outstanding share options as of June 30, 2023[118] - The Company has not engaged in any competitive business activities that could conflict with its operations as of June 30, 2023[112] - The company did not report any new product developments or market expansions during the reporting period[105] - The company has not disclosed any new strategies or mergers and acquisitions in the first quarter of 2023/24[105] - There were no competing interests reported among the Directors or controlling shareholders during the three months ended June 30, 2023[109] - No significant post-reporting period events were disclosed by the Board[93] - The company did not identify any interests or short positions in shares or underlying shares that required disclosure under the Securities and Futures Ordinance as of June 30, 2023[103]

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的內容概不負責， 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 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Kwong Man Kee Group Limited 鄺 文 記 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股票代號：8023） 截至二零二三年六月三十日止三個月之 第一季度業績公佈 鄺文記集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）之董事（「董事」） 會（「董事會」）欣然公佈本集團截至二零二三年六月三十日止三個月之未經審核綜 合財務業績。本公告列載本公司截至二零二三年六月三十日止三個月之季度業績 報告（「2023/24第一季度業績報告」）之全文，並符合香港聯合交易所有限公司之 GEM證券上市規則（「GEM上市規則」）有關季度業績初步公佈隨載的資料要求。 本公司2023/24第一季度業績報告的印刷版本將於適當時候按照GEM上市規則 所規定的方式寄發予本公司股東，並將可在香港聯合交易所有限公司網站 www.hkexnews.hk及本公司的網站www.kmk.com.hk閱覽。 ...

Revenue Performance - Revenue from Hong Kong market was approximately HK$168.2 million for the year ended March 31, 2023, up from HK$104.9 million in 2022, representing a growth of 60.5%[23] - Revenue from Macau market decreased to approximately HK$2.4 million in 2023 from HK$5.5 million in 2022, a decline of 56.4%[23] - Revenue from the Hong Kong market for the year ended March 31, 2023, was approximately HKD 168,200,000, an increase from HKD 104,900,000 in 2022, representing a growth of 60.5%[27] - Revenue from the Macau market for the same period was approximately HKD 2,400,000, a decrease from HKD 5,500,000 in 2022, indicating a decline of 56.4%[27] - For the year ended March 31, 2023, the Group recorded total revenue of approximately HK$170.6 million, an increase of approximately 54.5% compared to approximately HK$110.4 million for the year ended March 31, 2022[60] - Revenue increased by approximately HK$60.2 million or 54.5% from approximately HK$110.4 million for the year ended 31 March 2022 to approximately HK$170.6 million for the year ended 31 March 2023[72] Profitability and Financial Performance - The Group's net profit attributable to owners increased significantly from approximately HK$7.5 million for the year ended March 31, 2022, to approximately HK$19.1 million for the year ended March 31, 2023[60] - The Group's gross profit rose by approximately 50.7% from approximately HK$35.7 million for the year ended March 31, 2022, to approximately HK$53.8 million for the year ended March 31, 2023[68] - The gross profit margin slightly decreased from approximately 32.4% for the year ended March 31, 2022, to approximately 31.6% for the same period in 2023[68] - Other income and gains increased significantly by approximately HK$1.9 million from approximately HK$418,000 to approximately HK$2.3 million, primarily due to government subsidies received[74] - Impairment loss on trade and retention receivables decreased from approximately HK$2.4 million to approximately HK$748,000[75] - Income tax expense increased from approximately HK$1.7 million to approximately HK$4.2 million, attributed to an increase in profit before tax from approximately HK$9.2 million to approximately HK$24.0 million[79] - General and administrative expenses rose by approximately HK$6.1 million from approximately HK$24.1 million to approximately HK$30.2 million, mainly due to increased staff costs and marketing expenses[77] Business Environment and Strategy - The local property market in Hong Kong has gradually recovered since the COVID-19 outbreak, but demand in commercial and private residential markets remains weak[23] - The Group anticipates a challenging business environment in Hong Kong and Macau in the coming years due to various economic factors, including global inflation and interest rate hikes[24] - The company anticipates a challenging business environment in Hong Kong and Macau, with ongoing market uncertainties affecting the property sector[28] - The Directors are actively seeking alternative business opportunities to diversify income sources and strengthen competitiveness in the car park flooring and waterproofing sectors[25] - The board is actively seeking alternative business opportunities to diversify revenue sources and enhance competitiveness in the parking lot flooring and waterproofing sectors[29] Financial Position - As of 31 March 2023, cash and cash equivalents were approximately HK$34.4 million, up from approximately HK$23.9 million in 2022, with a current ratio of approximately 2.4 times[88] - Total interest-bearing borrowings decreased from approximately HK$15.9 million to approximately HK$14.0 million, secured by assets with a carrying amount of approximately HK$35.2 million[89] - As of March 31, 2023, the Group's total assets were approximately HK$174.3 million, an increase from approximately HK$149.8 million in 2022[94] - The Group's total liabilities and total equity as of March 31, 2023, were approximately HK$55.6 million and approximately HK$118.7 million, respectively, compared to approximately HK$48.0 million and approximately HK$101.8 million in 2022[100] - The Group's cash and cash equivalents as of March 31, 2023, were approximately HK$34.4 million, up from approximately HK$23.9 million in 2022[91] - The gearing ratio as of March 31, 2023, was approximately 10.5%, a decrease from approximately 13.5% in 2022[96] Corporate Governance - The Company has complied with the principles and applicable provisions of the Corporate Governance Code for the year ended March 31, 2023[125] - The Board of Directors meets regularly to review financial and operational performance, as well as overall strategies and policies[128] - All Directors confirmed full compliance with the securities trading code during the year ended March 31, 2023[126] - The Company has appointed three Independent Non-Executive Directors, representing at least one-third of the Board, ensuring independent judgment[139] - The Board composition includes experienced members with high standards of ethics and integrity, contributing to sustainable business development[136] - The Company received annual confirmations of independence from each Independent Non-Executive Director, maintaining their independent status[140] - The nomination committee is responsible for reviewing the director nomination policy to ensure the Board possesses sufficient skills and diversity relevant to the Company's business[136] - The Board held six meetings during the year ended March 31, 2023, with all directors attending at least 6 out of 6 meetings[150] - The Audit Committee conducted four meetings in the same period, with full attendance from its three members[170] - The Audit Committee reviewed the Group's audited consolidated financial statements for the year ended March 31, 2023, along with the financing, internal control, and risk management systems[171] - The Board is responsible for formulating business strategy and monitoring the Group's performance, ensuring management acts in the best interests of shareholders[153] - The Company emphasizes continuous professional development for directors, recommending attendance at relevant seminars and training sessions[157] - All directors participated in professional development training, with various types of training recorded for the year ended March 31, 2023[162] - The Company has established four Board committees to oversee specific aspects of its affairs, ensuring sufficient resources for their duties[163] - The Board is satisfied with the implementation and effectiveness of the corporate governance policies of the Group[152] Board Diversity and Composition - The Company has adopted a Board diversity policy to ensure a balanced composition, considering factors such as gender, age, and professional experience[197] - The existing Board members come from diverse backgrounds, maintaining female representation at the management level since 2016[198] - The company recognizes the value of gender diversity and appointed a female director to the board in 2016 to maintain female representation at the management level[199] - The board aims to achieve diversity by considering factors such as gender, age, cultural and educational background, race, professional experience, skills, knowledge, and tenure[199] - All current board members come from different industries and professions, providing a variety of skills and perspectives relevant to the company's business needs[199]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 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 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Kwong Man Kee Group Limited 鄺 文 記 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股票代號：8023） 截至二零二三年三月三十一日止年度之 全年業績公佈 鄺文記集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）之董事（「董事」） 會（「董事會」）欣然公佈本集團截至二零二三年三月三十一日止年度之經審核綜合 財務業績。本公告列載本公司2022/23年度業績報告之全文，並符合香港聯合交易 所有限公司之GEM證券上市規則（「GEM上市規則」）有關年度業績初步公佈隨載 的資料要求。本公司2022/23年度業績報告的印刷版本將於適當時候按照GEM上市 規則所規定的方式寄發予本公司股東，並將可在香港聯合交易所有限公司網站 www.hkexnews.hk 及本公司的網站www.kmk.com.hk 閱覽。 承董事會命 鄺文記集團有限公司 鄺志文先生 主席兼執行董事 香港 ...

Financial Performance - The Group's revenue increased by approximately 68.3%, from approximately HK$76.8 million for the nine months ended December 31, 2021, to approximately HK$129.2 million for the same period in 2022[9]. - The Group's gross profit rose by approximately 55.8%, from approximately HK$26.6 million for the nine months ended December 31, 2021, to approximately HK$41.4 million for the same period in 2022, with a gross profit margin decrease from approximately 34.6% to approximately 32.0%[9]. - The Group's profit surged by approximately 264.1%, from approximately HK$4.3 million for the nine months ended December 31, 2021, to approximately HK$15.8 million for the same period in 2022[9]. - The operating profit for the nine months ended December 31, 2022, was approximately HK$19.9 million, compared to approximately HK$5.8 million for the same period in 2021[12]. - The profit before income tax for the nine months ended December 31, 2022, was approximately HK$19.0 million, up from approximately HK$5.6 million for the same period in 2021[12]. - The Group reported an income tax expense of approximately HK$3.2 million for the nine months ended December 31, 2022, compared to approximately HK$1.2 million for the same period in 2021[12]. - For the nine months ended December 31, 2022, the profit attributable to owners of the Company was HK$15,420,503, a significant increase from HK$4,411,544 in the same period of 2021, representing a growth of approximately 249%[13]. - The total comprehensive income for the period was HK$15,849,864, compared to HK$4,347,685 for the same period in 2021, indicating an increase of about 265%[13]. - Basic and diluted earnings per share for the nine months ended December 31, 2022, were HK$0.07, up from HK$0.74 in the previous year[13]. Revenue Sources - Revenue from customers located in Hong Kong was HK$128,445,409, up from HK$71,324,853 in 2021, indicating an increase of 80.1%[31]. - The Group's revenue from ancillary services for the nine months ended December 31, 2022, was HK$19,849,347, a significant increase of 130.0% compared to HK$8,641,711 in 2021[30]. - The Group's revenue recognition for the nine months ended December 31, 2022, included HK$128,950,778 recognized over time, compared to HK$75,733,451 in 2021, marking an increase of 70.2%[30]. Expenses and Costs - The Group's cost of sales increased from approximately HK$50.2 million for the nine months ended December 31, 2021, to approximately HK$87.8 million for the same period in 2022[12]. - The Group's general and administrative expenses increased from approximately HK$17.5 million for the nine months ended December 31, 2021, to approximately HK$22.4 million for the same period in 2022[12]. - The cost of materials used increased significantly to approximately HK$47.9 million for the nine months ended December 31, 2022, compared to HK$22.9 million for the same period in 2021[50]. - Employee benefit expenses rose to approximately HK$17.3 million for the nine months ended December 31, 2022, up from HK$13.9 million for the same period in 2021[50]. - Subcontractor costs increased to approximately HK$34.6 million for the nine months ended December 31, 2022, compared to HK$22.5 million for the same period in 2021[50]. Dividends and Retained Earnings - The Board does not recommend the payment of an interim dividend for the nine months ended December 31, 2022, consistent with the previous year[9]. - The Company declared a dividend of HK$3,000,000 during the nine months ended December 31, 2022[15]. - The balance of retained earnings as of December 31, 2022, was HK$47,255,586, an increase from HK$31,782,979 as of December 31, 2021, representing a growth of approximately 48%[15]. Challenges and Future Outlook - The Group is facing challenges such as increasing operating costs, keen competition in the car park flooring market, and economic uncertainty due to geopolitical tensions and global inflation, which may affect future financial performance[74]. - The Directors are actively seeking alternative business opportunities to broaden income sources while continuing to focus on expanding existing business in the car park flooring and waterproofing sectors[79]. Corporate Governance and Compliance - The company has complied with the Corporate Governance Code principles for the nine months ended December 31, 2022[103]. - The Audit Committee has reviewed the unaudited condensed consolidated financial results for the nine months ended December 31, 2022[117]. - The company has established an Audit Committee to oversee internal control and risk management systems[116]. - There are no competing interests from directors or controlling shareholders that could potentially compete with the company's business as of December 31, 2022[102]. Shareholding and Management - As of December 31, 2022, Mr. Yip Kong Lok holds 3,000 shares in Sage City, representing a 30% interest[93]. - Sage City has a beneficial interest of 392,886,000 shares, accounting for approximately 65.48% of the total shareholding[99]. - The chairman and executive director of the company is Kwan Chi Man[119]. - The executive directors include Kwan Chi Man and Yip Kong Lok, while independent non-executive directors include Yu Yunhua, Luo Peichang, and Kwan Hsiu Hsin[119].

Revenue and Profit Growth - The Group's revenue increased from approximately HK$51.7 million for the six months ended 30 September 2021 to approximately HK$92.9 million for the same period in 2022, representing an increase of approximately 79.7%[10]. - The Group's profit increased by approximately 279.7%, from approximately HK$4.0 million for the six months ended 30 September 2021 to approximately HK$15.2 million for the same period in 2022[10]. - The Group's gross profit rose by approximately 80.0%, from approximately HK$17.9 million for the six months ended 30 September 2021 to approximately HK$32.2 million for the same period in 2022[10]. - The Group's total revenue for the three months ended September 30, 2022, was HK$49,075,788, compared to HK$20,725,469 in 2021, indicating a growth of approximately 136.0%[89]. - Profit attributable to owners of the Company for the six months ended September 30, 2022, is HK$38,000,000, representing an increase from HK$2,700,000 in 2021, resulting in a basic earnings per share of 2.52 HK cents, up from 0.67 HK cents[108]. Financial Performance Metrics - The gross profit margin for the six months ended 30 September 2021 and 2022 was approximately 34.6%[10]. - Operating profit for the six months ended 30 September 2022 was approximately HK$18.8 million, compared to approximately HK$4.9 million for the same period in 2021[13]. - Profit before income tax for the six months ended 30 September 2022 was approximately HK$18.0 million, compared to approximately HK$4.7 million for the same period in 2021[13]. - The Company reported a total comprehensive income of HK$15,239,439 for the six months ended September 30, 2022, compared to HK$4,009,113 for the same period in 2021[16]. - The estimated average annual income tax rate for the six months ended September 30, 2022, was approximately 15.6%, compared to 14.8% in 2021[101]. Assets and Liabilities - Total assets as of September 30, 2022, amounted to HK$178,055,793, an increase from HK$149,801,514 as of March 31, 2022[19]. - Total liabilities as of September 30, 2022, were HK$60,999,918, compared to HK$47,985,078 as of March 31, 2022[22]. - Current assets increased to HK$128,030,705 as of September 30, 2022, compared to HK$105,008,560 as of March 31, 2022[19]. - The Group's bank borrowings increased to HK$18,080,257 as of 30 September 2022 from HK$15,090,311 as of 31 March 2022, marking a 13.2% increase[146]. - The gearing ratio as of 30 September 2022 was approximately 13.9%, calculated based on total interest-bearing borrowings divided by total capital of approximately HK$136.0 million[199]. Cash Flow and Investments - Net cash generated from operating activities for the six months ended 30 September 2022 was HK$8,209,236, compared to HK$8,790,630 for the same period in 2021, representing a decrease of approximately 6.6%[28]. - The company reported a net increase in cash and cash equivalents of HK$6,411,715 for the six months ended 30 September 2022, compared to an increase of HK$4,031,660 in 2021, marking an increase of about 59.3%[28]. - The total cash and cash equivalents at the end of the period was HK$30,337,236, down from HK$38,592,070 at the end of the same period in 2021, reflecting a decrease of approximately 21.5%[28]. - The company paid income taxes amounting to HK$1,090,044 during the six months ended 30 September 2022, whereas no income taxes were reported for the same period in 2021[28]. - The change in cash surrender value of investments in an insurance contract for the six months ended September 30, 2022, was HK$1,559,039, compared to HK$195,776 in 2021[97]. Dividend and Retained Earnings - The Board does not recommend the payment of an interim dividend for the six months ended 30 September 2022, consistent with the previous year[10]. - The Company’s retained earnings increased to HK$49,544,121 as of September 30, 2022, from HK$34,885,083 as of April 1, 2022[25]. Operational Costs - The cost of sales for the six months ended 30 September 2022 was approximately HK$60.8 million, compared to approximately HK$33.8 million for the same period in 2021[13]. - Employee benefit expenses increased to HK$5,663,835 for the three months ended September 30, 2022, compared to HK$5,049,175 for the same period in 2021[154]. - General and administrative expenses increased by approximately HK$3.2 million from approximately HK$11.5 million for the six months ended 30 September 2021 to approximately HK$14.7 million for the six months ended 30 September 2022[179][181]. Trade and Receivables - Trade receivables as of September 30, 2022, amount to HK$58,434,568, an increase from HK$36,966,621 as of March 31, 2022[126]. - The net amount of trade and retention receivables as of September 30, 2022, is HK$69,300,620, up from HK$45,319,466 as of March 31, 2022[126]. - The provision for impairment of trade and retention receivables is HK$7,535,939 as of September 30, 2022, compared to HK$6,949,490 as of March 31, 2022[126]. Other Financial Information - The Group's financial assets measured at fair value through profit or loss as of September 30, 2022, totaled HK$6,289,600, with no transfers between Level 1, Level 2, and Level 3 financial assets during the six months[73][74]. - The Group's financial instruments that are not traded in an active market are valued using techniques that maximize the use of observable market data, with significant inputs categorized into Level 2 and Level 3[76][78].

Financial Performance - The Group's revenue increased by 41.6% from approximately HK$31.0 million for the three months ended June 30, 2021, to approximately HK$43.9 million for the same period in 2022[10]. - Gross profit rose by 27.3% from approximately HK$11.8 million in Q1 2021 to approximately HK$15.0 million in Q1 2022, while the gross profit margin decreased from 38.0% to 34.2%[10]. - Profit for the period increased from approximately HK$3.8 million in Q1 2021 to approximately HK$5.7 million in Q1 2022[10]. - Other income and gains increased significantly from HK$82,440 in Q1 2021 to HK$299,301 in Q1 2022[14]. - Operating profit increased from HK$4.6 million in Q1 2021 to HK$7.4 million in Q1 2022[14]. - Earnings per share attributable to owners of the Company increased from 0.62 HK cents to 0.93 HK cents[15]. - Total comprehensive income for the period rose from approximately HK$3.78 million in Q1 2021 to approximately HK$5.67 million in Q1 2022[15]. - The Group's profit before income tax increased from approximately HK$4.49 million in Q1 2021 to approximately HK$7.04 million in Q1 2022[14]. - For the three months ended June 30, 2022, the total revenue was HK$43,868,184, an increase of 42.5% compared to HK$30,987,643 in the same period of 2021[34]. - Revenue from flooring services was HK$38,847,394, up from HK$27,382,406, representing a growth of 42.1% year-over-year[34]. - Ancillary services generated revenue of HK$4,973,890, which is a 54.8% increase from HK$3,213,042 in the previous year[34]. - The total comprehensive income for the period was HK$5,616,888, compared to a loss of HK$5,604 in the previous year[34]. - The profit attributable to owners of the Company increased from approximately HK$3.7 million for the three months ended June 30, 2021, to approximately HK$5.6 million for the same period in 2022[70]. - The Group's gross profit increased by 27.3% from approximately HK$11.8 million for the three months ended June 30, 2021, to approximately HK$15.0 million for the same period in 2022[75]. - The gross profit margin decreased from 38.0% for the three months ended June 30, 2021, to 34.2% for the same period in 2022[75]. - Other income and other gains, net increased from approximately HK$82,000 for the three months ended June 30, 2021, to approximately HK$299,000 for the same period in 2022[76]. Expenses and Costs - The Group's cost of materials used increased to HK$15.6 million for the three months ended June 30, 2022, from HK$9.7 million in 2021[58]. - Subcontractor costs rose to HK$11.4 million for the three months ended June 30, 2022, compared to HK$8.0 million in 2021[58]. - Employee benefit expenses increased to HK$5.8 million for the three months ended June 30, 2022, from HK$4.2 million in 2021[58]. - General and administrative expenses increased by approximately HK$1,800,000 from approximately HK$5,300,000 to approximately HK$7,000,000, primarily due to higher staff salaries[83]. - Income tax expense rose from approximately HK$699,000 to approximately HK$1,400,000, reflecting an increase in profit before tax from approximately HK$4,500,000 to approximately HK$7,000,000[89]. Dividend and Shareholder Information - The Board does not recommend the payment of an interim dividend for the three months ended June 30, 2022[10]. - The Board does not recommend the payment of an interim dividend for the three months ended 30 June 2022, compared to Nil in 2021[138]. - As of June 30, 2022, Mr. Kwong holds 392,886,000 shares, representing a 65.48% shareholding in the Company through Sage City[110]. - Mr. Yip holds 3,000 shares in Sage City, which accounts for 30% of the shares in that company[111]. - The Company has no other directors or executives with interests or short positions in shares or debentures that need to be disclosed as of June 30, 2022[113]. - Sage City is owned 70% by Mr. Kwong and 30% by Mr. Yip, with Mr. Kwong serving as chairman and executive director of the Company[121]. - Mrs. Kwong is deemed to be interested in all shares held by Mr. Kwong for the purposes of the SFO[126]. Corporate Governance and Compliance - The Company has complied with the Corporate Governance Code principles for the three months ended June 30, 2022[131]. - The Company has adopted a code of conduct for securities transactions by directors, confirming compliance during the reporting period[132]. - There were no competing interests from directors or controlling shareholders during the three months ended June 30, 2022[123]. - The Company has not disclosed any related party transactions during the reporting period[144]. - The Audit Committee has reviewed the Group's unaudited condensed consolidated financial results for the three months ended 30 June 2022[143]. - The Company established an Audit Committee on 24 September 2016 to oversee internal control and risk management systems[142]. Business Environment and Strategy - The business environment is expected to remain challenging due to rising operating costs and competition in the car park flooring market[97]. - The Group aims to diversify income sources and expand its existing business in car park flooring and waterproofing sectors[98]. Other Information - As of June 30, 2022, the Group had no significant contingent liabilities[100]. - The Group's financial information is prepared in accordance with Hong Kong Financial Reporting Standards (HKFRSs) and has been reviewed by the audit committee[26]. - The company has not early adopted any new and revised HKFRSs that have been issued but are not yet effective for the current accounting period[29]. - The report was issued on 5 August 2022[146].

Financial Performance - The company reported a strong performance in the car park flooring industry, focusing on mid to high-end projects in Hong Kong and Macau[18]. - Revenue from flooring services, proprietary floor coating products, and ancillary services contributed significantly to the overall financial results[18]. - Revenue from the Hong Kong market for the year ended 31 March 2022 was approximately HK$105.0 million, a slight decline from HK$108.4 million in 2021[19]. - Revenue from the Macau market decreased to approximately HK$5.5 million, down from HK$10.5 million in 2021, primarily due to COVID-19 restrictions impacting tourism[19]. - For the year ended March 31, 2022, the Group recorded total revenue of approximately HK$110.4 million, a decrease of 7.1% compared to approximately HK$118.9 million for the year ended March 31, 2021[54]. - The Group's net profit decreased significantly from approximately HK$15.4 million for the year ended March 31, 2021, to approximately HK$7.4 million for the year ended March 31, 2022[55]. - The gross profit decreased by 14.5% from approximately HK$41.8 million for the year ended March 31, 2021, to approximately HK$35.7 million for the year ended March 31, 2022, with the gross profit margin declining from 35.1% to 32.4%[62]. - Other income and gains decreased significantly by approximately HK$1.1 million to approximately HK$418,000 for the year ended March 31, 2022, with no government subsidies received during that period[62]. Market Challenges - The overall economic environment in Macau has led to most main contractors and property developers postponing or suspending construction projects[19]. - The company anticipates a challenging business environment in the coming years due to competition in the car park flooring market and the economic impact of COVID-19[20]. - The decline in revenue from the Macau market was attributed to economic setbacks due to COVID-19, leading to postponed or suspended construction projects by major contractors and property developers[54]. - The economic conditions in Macau have severely impacted the tourism and gambling sectors, which are crucial for the local economy[54]. - The decrease in revenue was mainly attributed to the adverse economic environment in Macau, affecting construction and renovation projects[57]. Strategic Initiatives - The company aims to expand its market presence and enhance its service offerings in the coming years[18]. - The Group plans to continue expanding its existing business in the car park flooring and waterproofing sectors to strengthen its income stream[21]. - The company is actively seeking alternative business opportunities to diversify income sources and mitigate risks[21]. Corporate Governance - The Company has complied with the principles and applicable code provisions of the Corporate Governance Code for the year ended March 31, 2022[85]. - The Board is responsible for directing and supervising the Company's affairs, focusing on financial performance and overall strategies[91]. - The Board consists of three independent non-executive directors, representing at least one-third of the Board, ensuring independent judgment[101]. - The Company has taken out director and officer liability insurance to cover liabilities arising from legal action against the Directors[96]. - The Board has reviewed and discussed the corporate governance policies and compliance with the CG Code for the year ended March 31, 2022[113]. Human Resources - As of March 31, 2022, the Group had 45 employees, an increase from 37 employees in 2021, with total employee costs approximately HK$19.6 million, up from HK$16.0 million in 2021[74]. - General and administrative expenses increased by approximately HK$1.4 million to approximately HK$24.1 million for the year ended March 31, 2022, primarily due to increased staff salaries and the number of senior staff[65]. Internal Controls and Audits - The Group's internal control system has been reviewed, and no material inadequacies were found in risk management during the decision-making process[181]. - A staff member in the finance department conducts internal audits, reporting findings to the Audit Committee, ensuring compliance with relevant policies[182]. - The internal audit staff confirmed that the Group consistently complied with relevant policies and procedures during the year ended 31 March 2022[183]. - The Group's internal audit function has been reviewed, confirming adherence to policies and procedures, with no significant deficiencies identified in risk management[185]. Financial Position - As of 31 March 2022, the Group had cash and cash equivalents of approximately HK$23.9 million, down from approximately HK$34.6 million in 2021[69]. - The current ratio as of 31 March 2022 was approximately 2.2 times, compared to approximately 3.2 times at 31 March 2021[69]. - Total interest-bearing borrowings as of 31 March 2022 were approximately HK$15.9 million, an increase from approximately HK$10.0 million in 2021[69]. - The gearing ratio as of 31 March 2022 was approximately 13.5%, up from approximately 9.0% in 2021[69]. - Total assets as of 31 March 2022 were approximately HK$149.8 million, compared to approximately HK$129.9 million in 2021[69]. Board Committees - The Company has established four Board committees: audit committee, remuneration committee, nomination committee, and legal compliance committee, to oversee specific aspects of its affairs[131]. - The Audit Committee reviewed the Group's audited consolidated financial statements for the year ended March 31, 2022[144]. - The Remuneration Committee is responsible for recommending the remuneration policy and structure for Directors and senior management, ensuring alignment with market levels[146]. - The Company ensures that all Board committees have sufficient resources to perform their duties and can seek independent professional advice when necessary[132].