4月14日，截至港股收盘，恒生指数上涨2.4%，报21417.4点。中国来骑哦（08039.HK）收报0.114港元/ 股，上涨18.75%，成交量4.8万股，成交额5520港元，振幅1.04%。 最近一个月来，中国来骑哦累计跌幅11.11%，今年来累计跌幅28.89%，跑输恒生指数4.26%的涨幅。 财务数据显示，截至2024年9月30日，中国来骑哦实现营业总收入1398.68万元，同比增长16.69%；归母 净利润-25.34万元，同比减少3.69%；毛利率26.96%，资产负债率107.62%。 行业估值方面，建筑行业市盈率（TTM）平均值为6.63倍，行业中值2.25倍。中国来骑哦市盈率-9.73 倍，行业排名第147位；其他浦江国际（02060.HK）为1.01倍、中国管业（00380.HK）为1.47倍、进升 集团控股（01581.HK）为1.56倍、靛蓝星（08373.HK）为1.58倍、艾硕控股（08341.HK）为2.25倍。 资料显示，中国来骑哦新能源集团有限公司是一家香港投资控股公司。该公司及其子公司主要从事提供 建筑及结构工程顾问服务业务。该公司也提供牌照顾问服务、改建及加建工程及小型 ...

Revenue and Profitability - Revenue for the six months ended September 30, 2024, was HK$15.51 million, an increase of 16.7% compared to HK$13.29 million in the same period last year[6] - Revenue for the six months ended September 30, 2024, was derived entirely from Hong Kong, with no regional breakdown provided[21] - Revenue for the six months ended September 30, 2024, was approximately HKD 15.5 million, a 16.7% increase compared to HKD 13.3 million in the same period in 2023[65] - Total revenue for the period was approximately HKD 15,500,000, an increase of HKD 2,200,000 or 16.7% compared to the same period in 2023, primarily due to contributions from large contract projects[67] - Gross profit for the period was HK$4.18 million, up 13.6% from HK$3.68 million in the previous year[6] - Gross profit margin decreased slightly from 27.7% in the six months ended September 30, 2023, to 27.0% in the current period[67] - The company reported a net loss of HK$281,000 for the six months ended September 30, 2024, slightly higher than the HK$271,000 loss in the same period last year[6] - The company reported a loss attributable to owners of the company of HKD 281 thousand for the six months ended September 30, 2024, compared to HKD 271 thousand for the same period in 2023[26] - Loss for the six months ended September 30, 2024, was approximately HKD 300,000, consistent with the same period in 2023[65] - The company recorded a net loss attributable to owners of approximately HKD 300,000, consistent with the same period in 2023[67] Financial Position and Cash Flow - Cash and cash equivalents decreased by HK$2.49 million to HK$2.35 million as of September 30, 2024, compared to HK$4.84 million at the beginning of the period[12] - Total assets decreased to HK$5.39 million as of September 30, 2024, from HK$5.94 million at the end of the previous fiscal year[8] - The company's net liabilities position worsened to HK$1.27 million as of September 30, 2024, compared to HK$988,000 at the end of the previous fiscal year[8] - Operating cash outflow was HK$2.45 million for the six months ended September 30, 2024, compared to an inflow of HK$105,000 in the same period last year[12] - The company's accumulated losses increased to HK$54.52 million as of September 30, 2024, from HK$54.24 million at the beginning of the period[10] - Total equity decreased to a deficit of HK$1.27 million as of September 30, 2024, from a deficit of HK$988,000 at the end of the previous fiscal year[10] - As of September 30, 2024, the company had a net current liability of approximately HKD 6,700,000, with bank and cash balances of HKD 2,400,000[69] Trade and Contract Assets - Trade receivables as of September 30, 2024, amounted to HKD 6,479 thousand, with an expected credit loss provision of HKD 1,155 thousand, resulting in a net trade receivables balance of HKD 5,324 thousand[36] - Contract assets as of September 30, 2024, were HKD 905 thousand, with no expected credit loss provision, and are expected to be recovered within one year[39] - The company's trade receivables aging analysis showed that HKD 2,123 thousand was due within 30 days, while HKD 2,150 thousand was overdue by more than 180 days as of September 30, 2024[38] - Trade payables to third parties decreased from HKD 2,238 thousand as of March 31, 2024, to HKD 0 as of September 30, 2024[42][43] - Contract liabilities decreased from HKD 216 thousand as of March 31, 2024, to HKD 0 as of September 30, 2024, due to recognition as revenue[46] Expenses and Liabilities - Administrative expenses increased by HKD 300,000 or 8.8% to HKD 4,400,000, mainly due to various expense increases[67] - Accrued expenses and other payables decreased from HKD 7,041 thousand as of March 31, 2024, to HKD 5,525 thousand as of September 30, 2024[42] - The company's income tax expense for the six months ended September 30, 2024, was nil due to no estimated taxable profit during the period[24] Investments and Assets - The company's equity investments designated at fair value through other comprehensive income (FVTOCI) remained unchanged at HKD 4,424 thousand as of September 30, 2024[34] - The company's property, plant, and equipment had a net book value of HKD 474 thousand as of September 30, 2024, after depreciation of HKD 188 thousand during the period[32] - The company's total other receivables, including deposits, prepayments, and amounts due from an investee company, amounted to HKD 2,677 thousand as of September 30, 2024[36] Share Capital and Ownership - The company's share capital remained unchanged at HK$4.93 million during the period[10] - The company has issued 493,000 ordinary shares with a par value of HKD 0.01 each, totaling HKD 4,930 thousand[62] - New Energy Business Cluster Company Limited, controlled by Mr. Zhou Renchao, holds 53.93% of the company's issued share capital[75] - New Energy Business Cluster Company Limited holds 265,865,000 shares, representing 53.93% of the issued share capital[79] - Zhou Renchao holds 15% equity in New Energy Business Cluster Company Limited, which owns 85% of the company's issued share capital, totaling 53.93%[79] - The company's share option plan allows for the issuance of up to 41,800,000 shares, representing approximately 10% of the issued share capital at the time of plan adoption[83] - The total number of shares that can be issued under all share option plans must not exceed 30% of the issued share capital at the time of update[85] - No share options have been granted under the share option plan since its adoption[87] Legal and Compliance - The company is involved in a legal dispute over an alleged debt of approximately HKD 5.8 million, including principal and interest[50] - The company is involved in ongoing litigation with a claim of HKD 5,830,000 related to alleged debts and bonds, with a case management hearing scheduled for October 15, 2024[72] - The company failed to comply with GEM Listing Rules regarding the minimum number of independent non-executive directors and audit committee members[91] - The company's unaudited interim financial results were reviewed by the audit committee, which consists of three independent non-executive directors[95] Business Strategy and Operations - The company plans to expand its business coverage to mainland China and explore opportunities in the new energy sector[65] - The company is focusing on cost reduction, negotiating with subcontractors, and closely monitoring receivables to mitigate risks[65] - The company had 20 employees as of September 30, 2024, down from 27 in 2023, with total employee and director remuneration of HKD 5,300,000[70] Dividends and Share Transactions - The company did not declare any dividends for the six months ended September 30, 2024, consistent with the previous year[25] - The company did not purchase, sell, or redeem any listed securities during the period[93] Significant Events - No significant events affecting the company's business or financial performance were reported after September 30, 2024[63]

Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 15,510,000, an increase of 16.5% compared to HKD 13,292,000 for the same period in 2023[7] - The gross profit for the same period was HKD 4,182,000, up 13.6% from HKD 3,682,000 year-on-year[7] - The company incurred a loss before tax of HKD 281,000, slightly higher than the loss of HKD 271,000 in the previous year[7] - Basic loss per share for the period was HKD 0.06, compared to HKD 0.05 for the same period last year[7] - The company reported a loss attributable to owners of the company of HKD 281 thousand for the six months ended September 30, 2024, compared to a loss of HKD 271 thousand in the same period of 2023[27] - The group recorded a net loss attributable to the owners of approximately HKD 300,000 for the current period, consistent with the loss reported in 2023[68] Assets and Liabilities - Total assets as of September 30, 2024, were HKD 5,390,000, down from HKD 5,942,000 as of March 31, 2024[9] - Current liabilities amounted to HKD 11,258,000, a decrease from HKD 15,305,000 as of March 31, 2024[9] - The company's total equity attributable to owners decreased to HKD (1,269,000) from HKD (988,000) as of March 31, 2024[9] - The company's cash and cash equivalents at the end of the period were HKD 2,352 thousand, a decrease from HKD 6,108 thousand at the end of the same period in 2023[13] - As of September 30, 2024, the group's net current liabilities were approximately HKD 6,700,000, with cash and bank balances of about HKD 2,400,000[70] Cash Flow - For the six months ended September 30, 2024, the net cash used in operating activities was HKD (2,451) thousand, a significant decrease from HKD 105 thousand in the same period of 2023[13] - The net cash used in financing activities was HKD (35) thousand, compared to HKD 2,044 thousand in the previous year, indicating a substantial reduction in financing cash flow[13] - The total cash and cash equivalents decreased by HKD 2,486 thousand, down from an increase of HKD 2,150 thousand in the prior year[13] Expenses - Administrative expenses increased to HKD 4,428,000 from HKD 4,071,000 year-on-year[7] - The total employee and director remuneration for the current period was approximately HKD 5,300,000, down from HKD 6,100,000 in 2023, with a total of 20 employees as of September 30, 2024[71] Receivables and Payables - Trade receivables from third parties decreased to HKD 6,479,000 as of September 30, 2024, from HKD 10,986,000 as of March 31, 2024, reflecting a reduction of 41%[37] - The aging analysis of trade receivables shows that amounts overdue by more than 180 days increased to HKD 2,150,000 as of September 30, 2024, compared to HKD 2,123,000 as of March 31, 2024[39] - Total trade and other payables were HKD 9,998,000 as of September 30, 2024, down from HKD 13,968,000 as of March 31, 2024, representing a decrease of 28%[43] - The company had no trade payables to third parties as of September 30, 2024, compared to HKD 2,238,000 as of March 31, 2024[44] Corporate Governance - The company has complied with all corporate governance code provisions, except for the requirement of having at least three independent non-executive directors[92] - The financial results were reviewed by the company's audit committee, composed of three independent non-executive directors[96] - The report was issued on November 29, 2024, indicating the company's ongoing commitment to transparency[96] Future Outlook and Strategy - The company has not provided specific guidance for future performance or new product developments in the current report[6] - The group plans to expand its business into new regions, including mainland China, and diversify into sectors such as the renewable energy industry[66] - The company is focused on the development of new energy technologies, aligning with market trends[97] - Future outlook includes potential market expansion strategies to enhance growth[97] - The company is exploring mergers and acquisitions to strengthen its market position[97] - New product development initiatives are underway to meet evolving consumer demands[97] Share Capital and Options - The company has a share option plan that allows for the issuance of up to 41,800,000 shares, accounting for about 10% of the issued share capital at the time of adoption[84] - The total number of shares that can be issued under the share option plan cannot exceed 30% of the issued shares at the time of any update[86] - The company has not granted any share options since the adoption of the plan[88] Miscellaneous - The company has not identified any significant events related to its business or financial performance after the reporting period ending September 30, 2024[64] - The company did not recommend any dividend for the six months ended September 30, 2024, consistent with the previous year where no dividend was declared[26] - The company continues to apply the same accounting policies and methods of computation as in the previous financial year, ensuring consistency in financial reporting[19] - The group has not engaged in any fundraising activities during the current period[74] - The group has no foreign exchange risk as its revenue and business costs are primarily denominated in HKD[71]

Financial Performance - For the year ended March 31, 2024, the Group recorded a revenue decrease of approximately HK$14.7 million or 32.4%, totaling approximately HK$30.7 million compared to the previous financial year[19] - The Group achieved a gross profit margin of approximately 21.2% for the year, an increase from approximately 15.5% in the previous year[19] - The Group recognized a loss of approximately HK$4.9 million for the year, compared to a loss of approximately HK$4.6 million for the year ended March 31, 2023[20] - The decrease in revenue was primarily due to contributions from projects with relatively small contract sums[19] - The Group's performance reflects the challenges faced in the current business environment, impacting revenue generation[20] - The Group's revenue decreased by approximately HK$14.7 million or 32.4% from approximately HK$45.4 million for the year ended March 31, 2023, to approximately HK$30.7 million for the year ended March 31, 2024[29] - The Group recorded a net loss of approximately HK$4.9 million for the year ended March 31, 2024, compared to a loss of approximately HK$4.6 million for the previous year, representing an increase of approximately 6.5%[39] - General and administrative expenses decreased by approximately HK$0.4 million or 3.5% to approximately HK$11.1 million for the year ended March 31, 2024[38] Cash Position and Liabilities - As of March 31, 2024, the Group had net current liabilities of approximately HK$6.8 million, compared to approximately HK$0.7 million in the previous year[44] - The current ratio decreased to approximately 0.7 times as of March 31, 2024, down from approximately 0.9 times in the previous year[44] - The total equity attributable to owners of the Company amounted to approximately HK$1.0 million deficit as of March 31, 2024, compared to approximately HK$3.9 million deficit in the previous year[45] - The group's cash and cash equivalents as of March 31, 2024, were approximately HKD 4,800,000, compared to approximately HKD 4,000,000 in 2023[49] - The current ratio as of March 31, 2024, was approximately 0.7, down from approximately 0.9 in 2023, primarily due to an increase in trade and other payables[49] Staffing and Recruitment - The proceeds from the Group's listing on GEM on December 12, 2016, have strengthened its cash position, enabling recruitment of additional professional staff[18] - The Group aims to provide services to both existing and new customers through enhanced staffing[18] - Total staff and Directors' remuneration decreased to approximately HK$14.3 million for the year ended March 31, 2024, down from approximately HK$16.6 million in the previous year[46] - The Group continues to provide competitive remuneration to retain its professional team and recruit suitable talent[165] Corporate Governance - The company complied with all corporate governance code provisions throughout the year, except for certain deviations related to board composition[62][67] - The board currently comprises three executive directors and three independent non-executive directors[70] - The board held a total of 8 meetings during the year ended March 31, 2024, to review financial results and strategic direction[89] - The company has appointed three independent non-executive directors, representing at least one-third of the board, ensuring compliance with GEM Listing Rules[82] - The board is collectively responsible for promoting the success of the group and maximizing long-term shareholders' interests while balancing broader stakeholder interests[88] - The company has implemented a board diversity policy that considers various factors including gender, age, and professional experience[78] - The nomination committee is responsible for reviewing the board diversity policy and monitoring its implementation[80] - The Company has established a Nomination Policy outlining principles, criteria, and procedures for selecting and assessing Board candidates[120] Risk Management and Internal Control - The Group emphasizes sound risk management as essential for long-term growth, with management responsible for maintaining an effective internal control system[152] - The Audit Committee and the Board confirmed the effectiveness of the risk management and internal control systems, with no significant issues identified[173] - The management will closely monitor credit and liquidity risks related to major financial instruments[166] - The Group's interest rate risk is primarily related to interest-bearing borrowings, with no derivative contracts currently used for hedging[167] Dividend Policy - The Company has adopted a dividend policy that outlines principles for declaring and distributing profits as dividends to shareholders[187] - In determining proposed dividends, the Board considers factors such as general market conditions, financial performance, liquidity position, and future development plans[191] - Final dividends declared must be approved by an ordinary resolution of the shareholders at the AGM and cannot exceed the amount recommended by the Board[193] - The Board may pay interim and/or special dividends based on the profits and/or asset levels of the Group, with no assurance of specific amounts for any period[194] - The Company’s dividend policy is subject to the laws and regulations of the Cayman Islands and requires shareholder approval at the annual general meeting[197] Shareholder Communication - The Company maintains high transparency to enhance investor relations, committing to timely disclosure of corporate information[184] - Shareholders are encouraged to communicate with the Board through various channels, including attending AGMs and EGMs[181] - The Company has established procedures for handling inside information to ensure compliance with the Securities and Futures Ordinance[182] - The Company’s Articles and relevant documents are published on the Stock Exchange and the Company’s website[186]

Financial Performance - For the fiscal year ending March 31, 2024, the company's revenue was approximately HKD 30,700,000, a decrease of about 32.4% compared to HKD 45,400,000 in the same period of 2023[4] - The net loss for the fiscal year was approximately HKD 4,900,000, an increase of about 6.5% from a net loss of HKD 4,600,000 in 2023[4] - The gross profit for the fiscal year was HKD 6,499,000, compared to HKD 7,049,000 in the previous year[5] - The company recorded a loss of approximately HKD 4,852,000 for the year ended March 31, 2024, compared to a loss of HKD 4,644,000 in the previous year[30] - The company reported a basic and diluted loss per share of HKD 0.98 for the fiscal year ending March 31, 2024, compared to HKD 0.94 in the previous year[5] - The group reported a basic loss per share of HKD 0.98 for 2024, compared to HKD 0.94 in 2023, indicating a slight increase in losses[51] - The gross profit margin improved to approximately 21.2% for the year ended March 31, 2024, compared to approximately 15.5% for the year ended March 31, 2023[69] Dividends and Share Capital - The board of directors did not recommend any dividend payment for the fiscal year ending March 31, 2024, consistent with the previous year[4] - The group did not declare any dividends for the year ending March 31, 2024, consistent with the previous year[53] - The company's issued share capital remained stable at HKD 4,930,000 for both 2023 and 2024, indicating no changes in share structure[27] Assets and Liabilities - As of March 31, 2024, the company's current liabilities exceeded current assets by approximately HKD 6,750,000, indicating a negative net current liability position[30] - Total assets decreased from HKD 15,305,000 in 2023 to HKD 12,286,000 in 2024, reflecting a decline in financial health[30] - The total equity attributable to the owners of the company was approximately a loss of HKD 1,000,000 as of March 31, 2024, compared to equity of approximately HKD 3,900,000 in the previous year[71] Income and Expenses - The company recorded a decrease in other income from HKD 924,000 in 2023 to HKD 293,000 in 2024[5] - Total employee costs for 2024 amounted to HKD 14,345,000, down 13.8% from HKD 16,642,000 in 2023[45] - General and administrative expenses decreased to approximately HKD 11,100,000 for the year ended March 31, 2024, from approximately HKD 11,500,000 in the previous year, a reduction of about HKD 400,000 or 3.5%[70] - Other income for 2024 was HKD 293,000, a decrease of 68.3% from HKD 924,000 in 2023, primarily due to the absence of government subsidies[41] Cash Flow and Financing - The company has an available undrawn loan facility of approximately HKD 8,108,000 as of March 31, 2024[15] - The company has obtained a credit facility of up to HKD 10,000,000 to address potential liquidity gaps, with an available amount of approximately HKD 8,108,000 as of March 31, 2024[32] - The company's cash and bank balances rose from HKD 3,958,000 in 2023 to HKD 4,838,000 in 2024, suggesting better liquidity management[30] - The financing costs for the group included interest on term loans of HKD 78,000 and lease liabilities of HKD 53,000, totaling HKD 131,000 for 2024[44] Operational Insights - The company is implementing various cost control measures to reduce operating costs and has policies in place to increase revenue[32] - The company plans to expand its range of construction-related services and explore new business opportunities in mainland China to enhance its revenue base[68] - The company has not provided any credit terms to its customers[7] Corporate Governance and Compliance - The company has complied with all corporate governance codes except for certain deviations related to independent directors and committees[92] - The audit committee consists of three independent non-executive directors and has reviewed the consolidated financial statements for the year ending March 31, 2024, recommending approval to the board[102] - Management is actively working to resolve the auditor's qualified opinion regarding other borrowings, with a court hearing scheduled for October 15, 2024[104] Market and Trading Status - The company’s shares were suspended from trading on July 3, 2023, and it has applied for resumption of trading on June 4, 2024[81] - The group operates solely within Hong Kong, with all external revenues generated from services provided in the region[38]

Corporate Governance - The Board held 8 meetings during the fiscal year ending March 31, 2023, to determine strategic direction and approve financial performance[6]. - The Audit Committee reviewed the Group's quarterly reports, interim report, and audited annual results for the year ended March 31, 2023[13]. - The Remuneration Committee is responsible for recommending overall remuneration policy and structure for all Directors and senior management, ensuring no Director determines their own remuneration[18]. - The Company has established three committees: Audit Committee, Nomination Committee, and Remuneration Committee to maintain high standards of corporate governance[13]. - The Audit Committee comprises three independent non-executive Directors, chaired by Ms. Lai Pik Chi, Peggy[13]. - The Company has a structured approach to corporate governance, ensuring compliance with GEM Listing Rules and other regulatory requirements[7]. - The Company has adopted amended articles of association effective from October 3, 2022[39]. - The Company has complied with all code provisions set out in the Corporate Governance Code throughout the year ended March 31, 2023, except for certain deviations noted in the report[93]. - The Company is committed to high standards of corporate governance to protect shareholder interests and assets[123]. Financial Performance - The Group's financial performance for the year ended 31 March 2023 includes an increase in auditor remuneration to approximately HK$550,000 from HK$520,000 in 2022[55]. - The Group's financial results for the year ended March 31, 2023, are detailed in the consolidated financial statements, with no final dividend recommended for the year (2022: Nil)[77]. - The Group's commitment to talent development includes competitive remuneration packages and career advancement opportunities[77]. - The Group's financial performance and liquidity have been assessed, revealing potential uncertainties regarding its ability to continue as a going concern[160]. - The Group recognized impairment losses of HK$21,000 during the year on contract assets[152]. - The total amount of contract liabilities at the end of the reporting period was zero, down from HK$276,000 at the beginning of the previous year[134]. - The Group's trade receivables aged analysis as of March 31, 2023, shows a total of HK$3,912,000, down from HK$7,051,000 in 2022, indicating a decrease of approximately 44%[183]. - The Group does not allow any credit period to its customers, which may impact cash flow management[184]. - The Group's outstanding balance due from the ultimate holding company was HK$12,000 as of March 31, 2022[148]. - The Group has obtained interest-bearing borrowing facilities from a financial institution amounting to HK$10,000,000 to address potential liquidity shortfalls[160]. Risk Management - The Audit Committee and Board found no significant issues affecting the effectiveness of the Group's risk management and internal control systems[33]. - The Board believes that the risk management and internal control system of the Group is adequate and effective, with ongoing assessments planned[59]. - The Group's compliance risks include non-compliance with safety, health, and environmental ordinances[33]. - The Group's strategic risks include maintaining a competitive edge and managing customer expectations, with ongoing efforts to mitigate these risks[59]. - The Group has implemented various cost control measures to enhance revenue and manage operational costs[160]. - The Company faced a statutory demand for an alleged debt totaling approximately HK$5,830,000, which could lead to a winding-up petition if not settled[136]. Shareholder Communication - The Company encourages shareholders to communicate through various channels and attend meetings for direct inquiries[34]. - The Company will issue a circular to shareholders providing information on candidates nominated for election at the annual general meeting[16]. - The Directors and Chief Executives had no interests or short positions in the Shares or debentures of the Company as of March 31, 2023[85]. - The Company did not enter into any connected transactions requiring reporting or independent shareholders' approval during the year ended March 31, 2023[119]. Environmental and Social Responsibility - The Group has adopted environmental protection policies to minimize potential adverse impacts on the environment, including reducing paper consumption and shutting down unused electronic equipment[77]. - The Company has a focus on environmental policies and stakeholder relationships as part of its operational strategy[77]. - The Group continues to engage in new projects with major customers and subcontractors, maintaining long-term healthy relationships[77]. - The Group did not make any donations during the year ended March 31, 2023, compared to nil in 2022[111]. Business Operations - The Group primarily engages in providing comprehensive architectural and structural engineering consultancy services[76]. - The management team includes experienced directors with over 15 years in enterprise management and technology industries[71]. - The company has a focus on developing new energy battery technology and blockchain technology[71]. - The Group aims to diversify its customer bases and maintain competitiveness by providing training on the latest developments in industry innovation and operation[59]. - The Group continues to seek opportunities to recruit suitable talent to capture more business opportunities[60]. - The Company has undergone a group reorganization to rationalize its structure for better operational efficiency[76]. Revenue Recognition - The Group recognizes revenue when it satisfies a performance obligation by transferring a promised good or service to a customer[198]. - Revenue is recognized over time if the customer simultaneously receives and consumes the benefits provided by the Group's performance[199]. - For contracts with variable consideration, the Group estimates the amount of consideration to which it will be entitled using either the expected-value or the most-likely amount method[199]. - The principal input applied in input methods for revenue recognition is labor hours and/or third-party costs incurred[199]. - The Group applies the input method to measure progress towards complete satisfaction of performance obligations when reliable information is available[199].

Financial Performance - The company reported a consolidated profit of approximately 100 million HKD for the fiscal year 2022/2023, representing a 15% increase compared to the previous year[5]. - The Group recorded a revenue increase of approximately HK$9.6 million or 26.8%, reaching approximately HK$45.4 million for the year ended 31 March 2023, compared to approximately HK$35.8 million in the previous year[23]. - The Group incurred a net loss of approximately HK$4.6 million for the year ended 31 March 2023, a decrease of approximately HK$5.2 million compared to a profit of approximately HK$0.6 million for the year ended 31 March 2022[26]. - The Group's total revenue for the year ended March 31, 2023, was approximately HK$45,400,000, an increase of about HK$9,600,000 or 26.8% compared to the previous year[27]. - The gross profit margin decreased to approximately 15.5% for the year ended 31 March 2023, down from approximately 28.8% in the previous year, primarily due to lower profit margins on current projects[24]. - General and administrative expenses increased by approximately HK$2.2 million or 23.7%, totaling approximately HK$11.5 million for the year ended 31 March 2023, compared to approximately HK$9.3 million in the previous year[25]. Strategic Initiatives - The company has set a revenue guidance of 120 million HKD for the next fiscal year, indicating a projected growth of 20%[5]. - New product launches are expected to contribute an additional 30 million HKD in revenue, with a focus on electric vehicle technology[5]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[5]. - A strategic acquisition of a local competitor is anticipated to enhance the company's technological capabilities and market reach[5]. - The Group plans to explore new business opportunities in the new energy industry and expand geographical coverage to mainland China to capture new market opportunities[16]. - The Group aims to attract competent professionals to support its strategic directions and long-term development[16]. Sustainability and Innovation - The board of directors has approved a new sustainability strategy aimed at achieving carbon neutrality by 2030[5]. - Research and development expenses increased by 40% to support innovation in renewable energy solutions[5]. - The company has secured a partnership with a major automotive manufacturer to co-develop next-generation electric vehicles[5]. Corporate Governance - The company has appointed three independent non-executive Directors, ensuring at least one-third of the Board is independent[69]. - The company confirms adherence to all corporate governance codes throughout the year, with no significant deviations reported[64]. - The Board Diversity Policy emphasizes the importance of diverse backgrounds among directors to enhance decision-making[67]. - The Company has adopted a Board Diversity Policy to enhance the quality of the Board's performance and achieve sustainable development[89]. - The Company has established high standards of corporate governance through the formation of various committees, including the Audit Committee[109]. - The Company ensures compliance with GEM Listing Rules and provides Directors access to independent professional advice when necessary[124]. Risk Management - The future development remains uncertain due to the political and economic environment, prompting the Group to seek minimum risk exposure through better bargaining and expense management[21]. - The Company acknowledges the higher investment risks associated with small and mid-sized companies listed on GEM[51]. - The Group will continue to monitor the recoverability of receivables closely to maintain normal operations[21]. - The Company will manage strategic risks, including competitor landscape and customer expectations, to maintain a competitive edge[180]. Human Resources - Total staff and Directors' remuneration for the year ended March 31, 2023, was approximately HK$16,600,000, a decrease from approximately HK$18,200,000 in the previous year[32]. - The Company continues to offer competitive remuneration packages to retain its professional team and seeks to recruit suitable talent to capture more business opportunities[182]. - Each Director receives comprehensive induction and ongoing professional development to understand the Group's operations and governance policies[102]. Financial Compliance - The financial results for the fiscal year ending March 31, 2023, have been audited and are in compliance with GEM listing rules[45]. - The auditor did not provide any significant non-audit services during the year, ensuring focus on audit integrity[176]. - The remuneration paid and payable to the auditor for the year ended 31 March 2023 was approximately HK$550,000, an increase from HK$520,000 in 2022[176].

Financial Performance - For the nine months ended December 31, 2022, the group's revenue was approximately HKD 28.6 million, an increase of 5.5% compared to HKD 27.1 million in the same period of 2021[1]. - The group reported a loss of approximately HKD 6.6 million for the nine months ended December 31, 2022, compared to a profit of approximately HKD 1.4 million in the same period of 2021[1]. - Total revenue for the nine months ended December 31, 2022, was approximately HKD 28.6 million, an increase of HKD 1.5 million or 5.5% compared to HKD 27.1 million in the same period last year[46]. - The total comprehensive loss attributable to the company's owners for the nine months ended December 31, 2022, was HKD 6.586 million, compared to a profit of HKD 1.364 million in the same period last year[36]. - The company reported a basic loss per share of HKD 1.34 for the nine months ended December 31, 2022, compared to a profit of HKD 0.30 per share in the previous year[42]. - The gross loss margin was approximately 0.1%, significantly lower than the gross profit margin of approximately 31.5% in the previous year, primarily due to low-profit margin projects[47]. - Administrative expenses for the nine months ended December 31, 2022, were HKD 7.306 million, an increase from HKD 6.701 million in the same period last year[42]. - Total administrative expenses for the period amounted to approximately HKD 7.3 million, an increase of HKD 0.6 million or 9% compared to HKD 6.7 million in the previous year, mainly due to higher compliance-related costs[55]. - The group recorded a net loss attributable to the company's owners of approximately HKD 6.6 million for the period, compared to a net profit of approximately HKD 1.4 million in the previous year, primarily due to increased direct project costs and administrative expenses[57]. - The group had no tax expenses for the period, as there were no estimated taxable profits, compared to HKD 64,000 in the previous year[56]. Business Strategy and Expansion - The group plans to expand its business coverage to mainland China and diversify into new energy-related services[1]. - The strategic direction aims to capture new market opportunities and provide satisfactory long-term returns to shareholders[1]. - The group intends to expand its range of construction-related services and new energy business when the timing is right[1]. - The group is focused on developing business opportunities with existing clients and those referred by them[1]. - The ability to achieve future goals depends on the group's capacity to attract professional talent[1]. Compliance and Governance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and comply with GEM listing rules[17]. - The company appointed Mr. Leung Chun Yip and Ms. Lam Yuen Man as independent non-executive directors and audit committee members on October 1, 2022, thus complying with GEM Listing Rules 5.05(1) and 5.28[79]. - The company published its audited performance and annual report on August 19, 2022, and has since complied with GEM Listing Rules 18.49 and 18.48A[80]. - The group's financial performance during the period was reviewed by the company's audit committee, which consists of three independent non-executive directors[82]. Financial Position and Liabilities - The company’s total equity as of April 1, 2022, was HKD 8.508 million, which decreased to HKD 1.922 million by December 31, 2022, due to accumulated losses[27]. - As of December 31, 2022, the group's net current liabilities were approximately HKD 2.9 million, down from a net current asset value of HKD 3.3 million as of March 31, 2022, with a current ratio of approximately 0.8 times[58]. - The group had no pledges with any Hong Kong financial institutions as of December 31, 2022, consistent with the previous year[51]. - The group has not identified any significant contingent liabilities as of December 31, 2022[59]. Risk Management - The company plans to mitigate risks by negotiating with subcontractors, reducing expenses, and closely monitoring the recoverability of receivables[44]. - The group faced minimal foreign exchange risk as its revenue and business costs are primarily denominated in HKD, and no financial instruments were used for hedging purposes[52]. - The group did not engage in any fundraising activities during the period[62]. Other Information - The company did not recommend any dividend payment for the nine months ended December 31, 2022, consistent with the previous year[35]. - The total employee and director remuneration for the period was approximately HKD 12.8 million, compared to HKD 13.5 million in the previous year[50]. - There were no significant events related to the group's business or financial performance noted after the reporting period[61].

Financial Performance - For the six months ended September 30, 2022, the company reported revenue of HKD 23,515,000, an increase of 15.5% compared to HKD 20,372,000 for the same period in 2021[11]. - The cost of services increased to HKD 22,692,000, up 70.5% from HKD 13,340,000 in the previous year, resulting in a gross profit of HKD 823,000, down from HKD 7,032,000[12][13]. - The company recorded a loss before tax of HKD 3,328,000, compared to a profit of HKD 2,168,000 in the same period last year[17]. - The net loss attributable to owners of the company for the period was HKD 3,328,000, compared to a profit of HKD 2,123,000 in the prior year[20]. - Basic loss per share was HKD (0.68), compared to earnings per share of HKD 0.49 for the same period last year[22]. - Total revenue for the period was approximately HKD 23.5 million, an increase of about HKD 3.1 million or 15.2% compared to HKD 20.4 million in the same period last year[71]. - Gross profit margin decreased from approximately 34.5% to about 3.5%, resulting in a net loss attributable to owners of approximately HKD 3.3 million, compared to a profit of HKD 2.1 million in the previous year[74]. Cash Flow and Assets - Cash and cash equivalents at the end of the period increased to HKD 5,631,000 from HKD 3,085,000 at the beginning of the period, reflecting a net increase of HKD 2,546,000[26]. - The company’s total assets decreased to HKD 12,816,000 from HKD 11,352,000, while total liabilities increased significantly to HKD 12,656,000 from HKD 8,030,000[23]. - The company’s equity attributable to owners decreased to HKD 5,180,000 from HKD 8,508,000, indicating a decline in shareholder value[23]. - Operating cash flow for the period was HKD 2,910,000, compared to HKD 1,158,000 in the previous year, showing improved cash generation from operations[26]. - As of September 30, 2022, the current assets net value was approximately HKD 0.2 million, down from HKD 3.3 million as of March 31, 2022, with a current ratio of about 1.0 times[76]. Trade Receivables and Payables - Total trade receivables from third parties decreased to HKD 4,047,000 as of September 30, 2022, down from HKD 7,051,000 as of March 31, 2022, representing a decline of approximately 42.5%[50]. - As of September 30, 2022, trade payables to third parties were HKD 569,000, with contract liabilities amounting to HKD 2.4 million[57]. - As of September 30, 2022, trade receivables aged analysis showed HKD 569,000 within 30 days, HKD 667,000 between 31 to 60 days, and HKD 644,000 between 61 to 90 days[52]. Business Strategy and Future Plans - The company plans to focus on expanding its market presence and developing new technologies to enhance its product offerings in the future[4]. - The company plans to expand its business into the renewable energy sector and increase its geographical coverage to mainland China[69]. - The company is focused on developing business opportunities with existing clients and those referred by them[69]. - The company aims to mitigate risks by negotiating with subcontractors, reducing expenses, and closely monitoring the recoverability of receivables due to the uncertain economic environment[69]. Corporate Governance and Management - The company has complied with all corporate governance code provisions, except for the separation of the roles of Chairman and CEO until September 1, 2022, when a new executive director was appointed[100][101]. - The company has updated its corporate governance practices to comply with GEM Listing Rules after appointing new independent non-executive directors on October 1, 2022[101]. - The company appointed Ms. Chen Yuzhen as an independent non-executive director and chair of the nomination committee on September 19, 2022[106]. - Mr. Zhou Renchao serves as the executive director and chairman since September 1, 2022[108]. - The independent non-executive directors include Ms. Li Bihua, Mr. Liang Junye, and Ms. Lin Wanwen[110]. Share Capital and Securities - The company issued 75 million shares at a price of HKD 0.137 per share, raising a total of HKD 10.275 million[65]. - The company has not granted any share options since the adoption of the share option plan in November 2016, with a maximum of 41,800,000 shares available for issuance under the plan, representing approximately 10% of the issued share capital at the time of adoption[93]. - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[105]. - The company has not issued any share options exceeding the limit of 1% of the total issued shares in any twelve-month period without shareholder approval[95]. Compliance and Reporting - The company published its audited results and annual report on August 19, 2022, complying with GEM Listing Rules regarding timely financial disclosures[103]. - The company has not yet had its interim financial results reviewed or audited by its auditor, but they have been reviewed by the audit committee[109]. - The company’s financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and have not been significantly impacted by the application of new or revised standards[32].

Financial Performance - The revenue for the three months ended June 30, 2022, was HKD 15,789,000, representing a 96.5% increase compared to HKD 8,030,000 for the same period in 2021[5] - The cost of services for the same period was HKD 14,543,000, leading to a gross profit of HKD 1,246,000, down from HKD 1,802,000 in the previous year[5] - The total comprehensive loss attributable to owners of the company for the period was HKD 293,000, compared to a loss of HKD 456,000 in the same period last year[5] - Basic loss per share for the period was HKD 0.06, an improvement from HKD 0.11 in the previous year[5] - For the three months ended June 30, 2022, the company's revenue was approximately HKD 15.8 million, an increase of about HKD 7.8 million or 97.5% compared to HKD 8.0 million in the same period of 2021[35] - The company recorded a net loss attributable to owners of approximately HKD 0.3 million for the three months ended June 30, 2022, a decrease from a loss of approximately HKD 0.5 million in the same period of 2021[40] - The gross profit margin decreased from approximately 22.4% for the three months ended June 30, 2021, to approximately 7.9% for the same period in 2022, primarily due to lower profit margin contributions from certain projects[37] - Administrative expenses totaled approximately HKD 1.6 million for the three months ended June 30, 2022, down from approximately HKD 2.1 million in the same period of 2021[38] Business Operations - The group primarily engages in providing comprehensive construction and structural engineering consultancy services, with all operations conducted in Hong Kong[22][27] - The company continues to focus on its core business of construction consultancy services without diversifying into new sectors[22] - The company plans to expand its range of construction-related services to capture new market opportunities and ensure long-term development[34] Corporate Governance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with applicable disclosure requirements[23] - The company has complied with all provisions of the corporate governance code during the three-month period ending June 30, 2022, except for the separation of the roles of Chairman and CEO[63] - The company’s corporate governance practices are based on the principles and code provisions set out in the GEM Listing Rules[63] - The company has adopted the trading standards as per GEM Listing Rules 5.48 to 5.67, confirming compliance by all directors for the three months ending June 30, 2022[64] Shareholder Information - As of June 30, 2022, New Energy Business Cluster Company Limited holds 263,808,000 shares, representing approximately 53.51% of the issued share capital[50] - The maximum number of shares available for issuance under the share option scheme is 41,800,000, accounting for about 8.48% of the issued share capital as of June 30, 2022[56] - The company has not granted any share options since the adoption of the share option scheme[58] - There are no reported interests or holdings by directors or major shareholders in any competing businesses as of June 30, 2022[61] - The company has not entered into any arrangements for directors to benefit from acquiring shares or debentures of the company or any other corporation during the three-month period ending June 30, 2022[60] - No other individuals have disclosed interests in shares or related securities that require disclosure under the GEM Listing Rules as of June 30, 2022[52] - The company has not issued any share options or warrants that would benefit directors or senior management during the reporting period[60] - The company has not disclosed any other interests or holdings in shares or related securities that require disclosure under the Securities and Futures Ordinance as of June 30, 2022[52] Cash Flow and Dividends - The company's cash flow from operating activities provided funding for operations, with net current assets of approximately HKD 3.0 million as of June 30, 2022[41] - The company did not recommend any dividend payment for the three months ended June 30, 2022, consistent with the previous year[31] Risk Management - The company faces minimal foreign exchange risk as its revenue and business costs are primarily denominated in HKD[45] Audit and Review - The unaudited financial performance for the three months ending June 30, 2022, has been reviewed by the company's audit committee, consisting of three independent non-executive directors[67]