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]

Financial Performance - For the nine months ended December 31, 2021, the company reported total revenue of HKD 27,073,000, an increase from HKD 26,778,000 in the same period of 2020, representing a growth of 1.1%[6] - The gross profit for the same period was HKD 8,540,000, compared to HKD 2,363,000 in the previous year, indicating a significant increase of 261.5%[6] - The net profit attributable to owners for the nine months was HKD 1,364,000, a recovery from a loss of HKD 5,942,000 in the previous year[6] - The company reported a basic earnings per share of HKD 0.30 for the nine months ended December 31, 2021, compared to a loss per share of HKD 1.42 in the same period of 2020[6] - The gross profit margin increased from approximately 8.8% for the nine months ended December 31, 2020, to approximately 31.5% for the same period in 2021[25] - The income tax expense for the period was approximately HKD 64,000, compared to HKD 9,000 in 2020[27] Administrative Expenses - The company incurred administrative expenses of HKD 6,701,000 for the nine months ended December 31, 2021, down from HKD 8,633,000 in the same period of 2020, reflecting a decrease of 22.4%[6] - Administrative expenses decreased by HKD 1.9 million or 22.1%, totaling approximately HKD 6.7 million for the period[26] Equity and Capital - The total equity of the company as of December 31, 2021, was HKD 9,247,000, an increase from HKD 5,036,000 at the end of the previous year[8] - The total equity attributable to the company's owners was approximately HKD 9.2 million as of December 31, 2021, compared to a loss of approximately HKD 2.2 million on March 31, 2021[30] - The company raised HKD 10,275,000 through the issuance of new shares during the reporting period[8] - The company raised approximately HKD 10.02 million by placing 75,000,000 new shares at a price of HKD 0.137 per share on August 20, 2021[37] - As of December 31, 2021, the utilized net proceeds from the placement were HKD 8.61 million for debt repayment and HKD 1.41 million for general working capital[38] Current Assets and Liabilities - The company's current assets net value was approximately HKD 3.8 million as of December 31, 2021, compared to a net current liability of HKD 7.2 million on March 31, 2021[30] - The current ratio improved to approximately 1.5 times as of December 31, 2021, from 0.5 times on March 31, 2021[30] Corporate Governance - The company has complied with all corporate governance code provisions except for the separation of the roles of Chairman and CEO[48] - The company failed to meet the GEM Listing Rules regarding the number of independent non-executive directors until the appointment of Ms. Lee on November 10, 2021[49] - The company had only one authorized representative from August 16, 2021, to January 19, 2022, which was a deviation from GEM Listing Rules[51] - The company has adopted the trading standards as per GEM Listing Rules sections 5.48 to 5.67, confirming compliance by all directors during the reporting period[52] - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries during the reporting period[53] Board of Directors Changes - Changes in the board of directors include the resignation of Mr. Li Peichong as an independent non-executive director and chairman of the audit committee on August 23, 2021[54] - Ms. Li Jieyu was appointed as an independent non-executive director and chair of the remuneration committee on November 10, 2021[54] - The executive directors as of the report date include Mr. Zhong Yulin and Mr. Cao Dayong, with independent non-executive directors being Ms. Li Bijie, Ms. Chen Yuzhen, and Ms. Li Jieyu[58] Future Plans and Market Position - The company plans to expand its range of construction-related services to capture new market opportunities[23] - The company will seek to mitigate risks through cost reduction and close monitoring of receivables due to the uncertain economic environment[23] Operational Focus - The company continues to focus on providing comprehensive construction and structural engineering consultancy services, with all operations based in Hong Kong[11][15] - The company has not reported any new product developments or technological advancements during this period[11] - There are no indications of market expansion or mergers and acquisitions in the current reporting period[11]

Financial Performance - For the six months ended September 30, 2021, the revenue was HKD 20,372,000, representing an increase of 13.8% compared to HKD 17,994,000 for the same period in 2020[9]. - The gross profit for the same period was HKD 7,032,000, a significant increase from HKD 604,000 in the previous year, indicating a gross margin improvement[11]. - The company reported a profit attributable to owners of HKD 2,123,000 for the six months ended September 30, 2021, compared to a loss of HKD 5,714,000 in the same period of 2020[18]. - Basic earnings per share for the period was HKD 0.49, compared to a loss per share of HKD 1.37 in the previous year[20]. - The group recorded a profit of approximately HKD 2.1 million for the six months ended September 30, 2021, compared to a loss of HKD 5.7 million for the same period in 2020, marking a significant turnaround[76]. - The gross profit margin increased from approximately 3.4% for the six months ended September 30, 2020, to approximately 34.5% for the current period, driven by higher-margin project contributions[73]. Cash Flow and Assets - Cash and cash equivalents increased to HKD 5,054,000 as of September 30, 2021, from HKD 1,717,000 at the end of the previous year[33]. - Operating cash flow for the six months was HKD 1,158,000, a recovery from a cash outflow of HKD 4,794,000 in the same period last year[28]. - The total assets less current liabilities amounted to HKD 10,541,000, a significant improvement from a negative HKD 2,163,000 in the previous year[21]. - As of September 30, 2021, trade receivables amounted to HKD 5,428,000, an increase from HKD 3,756,000 as of March 31, 2021[57]. - The company recorded contract assets of HKD 2,600,000 as of September 30, 2021, which were expected to be recoverable within one year[57]. - As of September 30, 2021, the group's net current assets amounted to approximately HKD 4.4 million, an increase from a net current liability of HKD 7.2 million as of March 31, 2021[78]. - The group's cash and bank balances increased to approximately HKD 5.1 million as of September 30, 2021, compared to HKD 2.6 million as of March 31, 2021[78]. - The current ratio improved to approximately 1.4 times as of September 30, 2021, up from 0.5 times as of March 31, 2021[78]. - Total equity attributable to owners of the company was approximately HKD 10.0 million as of September 30, 2021, compared to a loss of approximately HKD 2.2 million as of March 31, 2021[78]. Share Placement and Equity - The company raised HKD 10,275,000 through share placement during the period, enhancing its equity position[23]. - The group issued 75 million ordinary shares at a price of HKD 0.137 per share, raising a total of HKD 10.275 million[68]. - The company raised approximately HKD 10.02 million from the placement of 75,000,000 shares at a price of HKD 0.137 per share on August 20, 2021[85]. - As of September 30, 2021, the utilized proceeds from the placement included HKD 8.61 million for debt repayment and HKD 1.05 million for general working capital[86]. Operational Insights - The total revenue for the period primarily derived from comprehensive construction and structural engineering consultancy services, including licensing consultancy and small-scale engineering consultancy[45]. - The company has a single operating segment, and no further analysis of this segment is presented[41]. - The company operates solely in Hong Kong, with all revenues generated from this region[42]. - The company has not reported any new product launches or technological advancements during this period[36]. - There are no specific future outlooks or performance guidance provided in the report[36]. - The company did not recommend any dividend for the six months ended September 30, 2021, consistent with the previous year where no dividend was declared[47]. Governance and Compliance - The company has complied with all corporate governance code provisions, except for the separation of the roles of Chairman and CEO, which are held by the same individual[100]. - The company failed to meet the GEM Listing Rules regarding the number of independent non-executive directors until the appointment of a new director on November 10, 2021[101]. - The company is actively seeking suitable candidates to fill the temporary vacancy of an authorized representative to comply with GEM Listing Rules[101]. - The company has adopted the trading standards for directors as per GEM Listing Rules, and all directors confirmed compliance during the reporting period[103]. - The company has not established any arrangements for directors to benefit from acquiring shares or debentures of the company or any other corporation[97]. - There are no interests held by directors or their associates in any business that competes directly or indirectly with the company's operations as of September 30, 2021[98]. - The interim financial performance of China Zhuoyin International Holdings Limited has not been reviewed or audited by the company's auditor, but has been reviewed by the audit committee consisting of three independent non-executive directors[105]. - The report date is November 12, 2021, with executive director Zhong Yulin and independent non-executive directors including Li Bichih, Chen Yuzhen, and Li Jieyu[105]. - The company is committed to transparency and governance through the involvement of independent directors in the review process[105]. Legal and Debt Matters - The group has a total of HKD 5.5 million in claimed debts, with ongoing legal proceedings related to these debts[60][61]. - The income tax expense for the current period was HKD 45,000, calculated based on the estimated taxable profit[75]. - The group has established an unsecured loan agreement with an annual interest rate of 12% that must be repaid within twelve months[66]. - The company has no significant contingent liabilities noted by the directors as of September 30, 2021[81]. - There were no significant events related to the group's business or financial performance noted by the directors after the reporting period[82]. Employee and Director Remuneration - The total employee and director remuneration for the period was approximately HKD 9.0 million, unchanged from the previous year[79].

Financial Performance - For the three months ended June 30, 2021, the company reported a revenue of HKD 8,030,000, a slight decrease of 0.37% compared to HKD 8,060,000 for the same period in 2020[6] - The gross profit for the same period was HKD 1,802,000, significantly up from HKD 408,000 in the previous year, indicating a substantial improvement in gross margin[6] - The company recorded a loss attributable to owners of HKD 456,000, compared to a loss of HKD 1,758,000 in the prior year, reflecting a 74% reduction in losses[6] - Basic loss per share improved to HKD 0.11 from HKD 0.42 year-over-year, showing a positive trend in per-share performance[6] - The total comprehensive loss for the period was HKD 456,000, down from HKD 1,758,000 in the previous year, indicating improved overall financial health[6] - The company's accumulated losses increased to HKD 45,584,000 as of June 30, 2021, from HKD 45,128,000 at the beginning of the period[8] - The company's revenue for the three months ended June 30, 2021, was approximately HKD 8.0 million, compared to HKD 8.1 million for the same period in 2020, indicating stability year-over-year[25] - The loss attributable to the company's owners for the three months ended June 30, 2021, was approximately HKD 0.5 million, a decrease from a loss of HKD 1.8 million in the same period of 2020[31] - The gross profit margin increased from approximately 5.1% for the three months ended June 30, 2020, to approximately 22.4% for the same period in 2021, primarily due to higher profit margin contributions from projects[28] Administrative Expenses - Administrative expenses decreased to HKD 2,069,000 from HKD 2,855,000, representing a reduction of approximately 27.5%[6] - Administrative expenses for the three months ended June 30, 2021, totaled approximately HKD 2.1 million, down from HKD 2.9 million in 2020, mainly due to reduced legal and professional fees[29] Operations and Market Focus - The company continues to focus on providing comprehensive construction and structural engineering consultancy services, with all operations based in Hong Kong[11][17] - There were no new product developments or market expansions reported during this quarter[6][11] - The company plans to expand its range of construction-related services to capture new market opportunities and contribute long-term returns to shareholders[25] - The company is seeking to maintain normal operations by negotiating with subcontractors, reducing expenses, and closely monitoring the recoverability of receivables due to the uncertain economic environment[25] Shareholder Information - As of June 30, 2021, Mr. Pan holds 194,800,000 shares, representing approximately 46.60% of the issued shares through Energetic Way Limited[43] - Energetic Way Limited, co-owned by Mr. Pan and his spouse, also holds 194,800,000 shares, accounting for 46.60% of the issued shares[46] - Mr. Ke holds 69,168,000 shares, which is approximately 16.55% of the issued shares[46] - The maximum number of shares available for issuance under the share option scheme is 41,800,000 shares, representing about 10% of the issued share capital at the time of adoption[51] - The total number of shares that can be issued due to the exercise of options granted under any share option scheme shall not exceed 1% of the total issued shares in any twelve-month period[52] - No share options have been granted since the adoption of the share option scheme[54] - There are no arrangements for directors to benefit from acquiring shares or debentures of the company or any other corporation during the three months ending June 30, 2021[55] - No directors or major shareholders have any interests in businesses that directly or indirectly compete with the group as of June 30, 2021[56] Corporate Governance - The company is committed to high standards of corporate governance to protect shareholder interests and enhance corporate value[56] - The company has complied with all provisions of the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by the same individual[57] Other Financial Activities - The company had no collateral arrangements with any financial institutions as of June 30, 2021[35] - The total employee and director remuneration for the three months ended June 30, 2021, was approximately HKD 5.2 million, compared to HKD 4.3 million in 2020[34] - The company has entered into a placement agreement to issue up to 75,000,000 placement shares at a price of HKD 0.137 per share, subject to approval from the stock exchange[41] - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the three months ended June 30, 2021[60] - The unaudited financial performance for the three months ended June 30, 2021, has been reviewed by the company's audit committee, consisting of three independent non-executive directors[61]

Financial Performance - For the year ended March 31, 2021, the Group recorded a revenue increase of approximately HK$11.4 million or 38.3%, totaling approximately HK$41.2 million compared to the previous financial year[17]. - The Group achieved a gross profit margin of approximately 7.9% for the year, a significant improvement from a gross loss margin of approximately 19.2% in the previous year[17]. - The loss for the year was approximately HK$13.1 million, a reduction from a loss of approximately HK$34.3 million for the year ended March 31, 2020[18]. - The improvement in loss was primarily due to the absence of a one-off write-off of loan receivables and an extra direct cost on a project that occurred in the previous year[18]. - The increase in revenue was mainly attributed to a project with a relatively large contract sum[17]. - The financial summary indicates a positive trend in revenue growth and loss reduction, reflecting improved operational efficiency[17]. - The Group's revenue for the year ended 31 March 2021 was approximately HK$41.2 million, representing an increase of approximately HK$11.4 million or 38.3% compared to HK$29.8 million in 2020[31]. - The net loss attributable to owners of the Company for the year was approximately HK$13.1 million, a decrease of HK$21.2 million compared to the loss of HK$34.3 million in 2020[41]. - The gross profit margin improved to approximately 7.9% in 2021, compared to a gross loss margin of approximately 19.2% in 2020[39]. Operational Strategy - The Group aims to strengthen its cash position to recruit additional professional staff to enhance service offerings to both existing and new customers[16]. - The Group plans to expand its architectural-related services and explore new business opportunities to enhance long-term shareholder returns[32]. - The Group's strategic focus includes continuous monitoring of the general business environment and regulatory developments[19]. - The Group aims to diversify its customer bases to mitigate strategic risks and maintain competitiveness through training on industry innovation[148]. Corporate Governance - The responsible Director and senior management are committed to staying updated on regulatory reporting and compliance requirements in the architectural industry[19]. - The Company has established an Audit Committee, Nomination Committee, and Remuneration Committee to maintain high corporate governance standards[100]. - The Audit Committee comprises three independent non-executive Directors, chaired by Mr. Lee Pui Chung, ensuring independent oversight of financial reporting[101]. - The Company has adopted a Board Diversity Policy to enhance the quality of the Board's performance[76]. - The Company has confirmed that none of the directors are engaged in any business that competes with the Group's business as of March 31, 2021[135]. - The Board is responsible for ensuring compliance with legal and regulatory requirements[130]. - The Company has established procedures for safeguarding and handling inside information, ensuring confidentiality among Directors and relevant employees[163]. - The Company has adopted a dividend policy that considers factors such as overall market conditions, financial performance, liquidity position, and future development plans[171]. Risk Management - The Company emphasizes the importance of risk management and internal control procedures as part of its governance framework[102]. - The Audit Committee assessed the effectiveness of risk management and internal control systems[107]. - The Company will continue to assess and revise its risk management and internal control systems to protect shareholder interests[143]. - The management will closely monitor credit risk and liquidity risk related to major financial instruments[149]. - The Group does not have exposure to foreign currency risk as it conducts business mainly in Hong Kong dollars[149]. - The Group's interest rate risk is primarily related to interest-bearing borrowings, and management will consider hedging significant risks if necessary[149]. Environmental, Social, and Governance (ESG) Initiatives - The Group is dedicated to enhancing its environmental and social responsibility while upholding governance values[178]. - The Environmental, Social and Governance (ESG) Report discloses the Group's policies and performance regarding ESG issues, enabling stakeholders to understand its sustainable development objectives[179]. - The reporting period for the ESG Report covers the financial year ended 31 March 2021[180]. - The Group has complied with all applicable environmental laws and regulations, with no known non-compliance incidents reported[198]. - Resource efficiency measures include maintaining optimal indoor temperatures and turning off idle equipment to minimize energy consumption[199]. - The Group aims to reduce greenhouse gas emissions and protect the environment through various conservation measures[199]. - The Group has identified resource use (A2) as the most critical ESG aspect, based on internal assessments and stakeholder interviews[190]. Shareholder Communication - The Company encourages shareholders to communicate through various channels and attend meetings to address their inquiries directly[162]. - The Company will provide shareholders with information on candidates nominated for election at the general meeting, including names and proposed remuneration[118]. - The Group emphasizes the importance of stakeholder feedback and aims to enhance communication through various channels[188].

Holdings Limited 中 國 卓 銀 國 際 控 股 有 限 公 司 (於開曼群島註冊成立之有限公司) 股份代號：8039 2020/2021 第三季度 業績報告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位，乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小型公司提供一 個上市之市場。有意投資者應了解投資於該等公司之潛在風險，並應經過審慎周詳之考慮 後方作出投資決定。 由於GEM上市公司一般為中小型公司，在GEM買賣之證券可能會較於聯交所主板買賣之 證券承受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 本報告的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關 中國卓銀國際控股有限公司（「本公司」）的資料，本公司的董事（「董事會」或「董事」）願就 本報告的資料共同及個別地承擔全部責任。董事在作出一切合理查詢後確認，就彼等所知 及所信，本報告所載的資料在各重大方面均屬準確完整，且無誤導或欺騙成份，亦無遺漏其 他事實致使本報告所載任何陳述或本報告產生誤導。 1 中國卓銀國際控股有限公司 2020/2021第三季度業績報告 董事 ...

Financial Performance - For the six months ended September 30, 2020, the company reported a revenue of HKD 17,994,000, compared to HKD 14,824,000 for the same period in 2019, representing a year-over-year increase of 21.6%[4] - The gross profit for the period was HKD 196,000, a significant decrease from HKD 3,686,000 in the previous year, indicating a decline of 94.7%[4] - The company incurred a loss before tax of HKD 3,956,000, compared to a loss of HKD 1,733,000 in the same period last year, reflecting an increase in losses of 128.5%[4] - Total comprehensive loss attributable to owners of the company for the period was HKD 3,956,000, compared to HKD 1,839,000 in the previous year, marking an increase of 115.5%[4] - The company reported a loss attributable to owners of the company of HKD 5,714,000 for the six months ended September 30, 2020, compared to a loss of HKD 1,839,000 for the same period in 2019[24] - The group recorded a net loss attributable to the owners of approximately HKD 5.7 million for the period, compared to a loss of HKD 1.8 million for the same period in 2019[48] Cash Flow and Assets - The company reported a net cash outflow from operating activities of HKD 4,794,000, an improvement from HKD 9,000,000 in the prior year[13] - As of September 30, 2020, the company's total assets amounted to HKD 14,770,000, down from HKD 23,082,000 as of March 31, 2020, indicating a decrease of 36.2%[6] - The company's cash and cash equivalents decreased to HKD 1,717,000 from HKD 11,149,000, representing a decline of 84.6%[13] - The total equity attributable to owners of the company was HKD 5,264,000, down from HKD 10,978,000 as of March 31, 2020, reflecting a decrease of 52.0%[6] - As of September 30, 2020, the group's net current assets were approximately HKD 2.9 million, with cash and bank balances of about HKD 1.7 million[49] Operational Highlights - The company has not reported any new product launches or technological advancements during this period[4] - There are no indications of market expansion or mergers and acquisitions in the current report[4] - The company has not declared any interim dividend for the period ended June 30, 2020, consistent with the previous year[22] - The company has no new lease agreements signed during the reporting period, and no acquisitions or disposals of property, plant, and equipment were made[25] - The company has a single operating segment, with all operations conducted in Hong Kong, and all revenue generated from this region[20] Receivables and Payables - Total trade receivables as of September 30, 2020, amounted to HKD 3,832,000, a decrease from HKD 4,650,000 as of March 31, 2020[29] - The company did not provide any credit terms to its customers, with trade receivables aging analysis showing HKD 1,367,000 within 30 days[31] - The company’s total other receivables increased to HKD 7,218,000 as of September 30, 2020, from HKD 3,292,000 in the previous period[27] - The company reported trade payables of HKD 950,000 as of September 30, 2020, with contract liabilities increasing to HKD 3,563,000 from HKD 430,000 as of March 31, 2020[34] Employee and Governance - The group has 28 employees as of September 30, 2020, down from 32 in 2019, with total employee and director remuneration for the period amounting to approximately HKD 9.0 million[51] - The group complied with all corporate governance code provisions during the reporting period, except for the separation of the roles of Chairman and CEO[67] - The group’s independent non-executive directors actively contributed to the board's affairs and promoted a culture of open communication[67] - The company has adopted a standard code of conduct for securities trading, confirming compliance by all directors during the reporting period[75] Legal and Financial Agreements - The company has issued a legal notice to former directors regarding alleged debts totaling HKD 5.8 million, with potential legal actions pending[37] - The company has entered into an unsecured loan agreement with a limit of HKD 10.0 million at an annual interest rate of 12%[37] - As of September 30, 2020, the group had no mortgages arranged with any Hong Kong financial institutions, consistent with the previous year[52] - The group faced minimal foreign exchange risk as its revenue and business costs were primarily denominated in Hong Kong dollars, and no financial instruments were used for hedging[52] Future Outlook and Strategy - The company plans to expand its range of construction-related services to capture new market opportunities and ensure long-term development[42] - The group aims to minimize risk exposure by negotiating with subcontractors, reducing expenses, and closely monitoring receivables due to the uncertain impact of COVID-19[43] Board and Shareholder Information - As of September 30, 2020, Mr. Pan held 194,800,000 shares, representing 46.60% of the voting rights in the company[57] - The group’s major shareholders included Energetic Way Limited, which held 194,800,000 shares, also representing 46.60% of the voting rights[60] - Changes in the board of directors include the appointment of Ms. Chan Yuk-Chan to the remuneration committee on November 2, 2020[76] - The executive directors as of the report date include Mr. Pan Kai-Jie and Ms. Sin Pui-Ying, along with independent non-executive directors[78] Audit and Review - The financial data for the group during this period has not been reviewed or audited by the company's auditor[78] - No major events affecting the group's business or financial performance were reported after the period ending September 30, 2020[54] - The company has not granted any share options since the adoption of the share option scheme on December 12, 2016[63] - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries during the reporting period[75]