Financial Performance - The group's revenue for the six months ended September 30, 2022, was approximately HKD 105.0 million, an increase of about 1.9% compared to HKD 103.1 million for the same period in 2021[4]. - The loss attributable to the company's owners for the period increased by approximately 104.0% to about HKD 6.6 million, compared to HKD 3.2 million for the previous period[4]. - The basic loss per share for the period was approximately HKD 0.0202, compared to HKD 0.0101 for the previous period[6]. - The gross profit for the six months was HKD 3.0 million, compared to HKD 2.2 million for the same period in 2021[10]. - The company reported a pre-tax loss of HKD 6,479,000 for the six months ended September 30, 2022, compared to a loss of HKD 3,233,000 in the same period of 2021, representing an increase in loss of 100.5%[27]. - The company reported a loss attributable to owners of HKD 6,595,000 for the six months ended September 30, 2022, compared to a loss of HKD 3,233,000 for the same period in 2021, indicating a 104.5% increase in losses[98]. - The company reported a net loss of HKD 3,959,000 for the three months ended September 30, 2022, compared to a loss of HKD 2,502,000 for the same period in 2021, representing a 58.3% increase in quarterly losses[98]. Assets and Liabilities - The total assets less current liabilities as of September 30, 2022, were HKD 77.9 million, compared to HKD 73.9 million as of March 31, 2022[19]. - The company's equity attributable to owners increased to HKD 74.9 million as of September 30, 2022, from HKD 70.9 million as of March 31, 2022[19]. - The total liabilities as of September 30, 2022, included current liabilities of HKD 63.0 million, compared to HKD 51.5 million as of March 31, 2022[17]. - As of September 30, 2022, the total trade receivables amounted to approximately HKD 35,925,000, up from HKD 17,156,000 as of March 31, 2022, representing a growth of 109.5%[114]. - The bank borrowings as of September 30, 2022, totaled HKD 13,000,000, an increase from HKD 10,000,000 as of March 31, 2022, representing a growth of 30.0%[136]. - The total liabilities for renovation projects as of September 30, 2022, were HKD 22,446,000, up from HKD 13,852,000 as of March 31, 2022, representing an increase of 61.5%[134]. Cash Flow and Financing - Operating cash flow before changes in working capital was negative HKD 2,192,000, slightly worse than the negative HKD 1,985,000 in the previous year[27]. - Net cash generated from financing activities was HKD 12,267,000, a substantial increase from HKD 3,305,000 in the previous year[41]. - Cash and cash equivalents at the end of the period increased to HKD 23,146,000 from HKD 11,721,000, marking a growth of 97.5%[44]. - The financing costs for bank borrowings amounted to HKD 164,000 for the six months ended September 30, 2022, compared to no costs in the same period of 2021[84]. - The group issued a total of HKD 10,644,000 from a placement of 20,000,000 shares at HKD 0.540 per share, intended solely for operational funding[170]. Revenue Segments - The company’s segment revenue from renovation projects was HKD 58,815,000, an increase from HKD 44,151,000 in the previous year, reflecting a growth of 33.3%[75]. - Revenue from refurbishment services decreased to approximately HKD 44,151,000, down about 10.4% from HKD 49,268,000, due to the completion of major projects in the previous fiscal year[151]. - The group obtained an exclusive sales license for Nano-AM, an eco-friendly anti-fouling material, which is expected to expand revenue sources in the construction materials market[146]. Expenses - The company reported administrative expenses of HKD 8.1 million for the six months, up from HKD 6.8 million in the previous period[10]. - The total labor costs for the six months ended September 30, 2022, were HKD 17,175,000, up from HKD 16,157,000 in the same period of 2021, reflecting a 6.3% increase[89]. - Administrative expenses rose by approximately 19.6%, from about HKD 6.8 million to HKD 8.1 million, primarily due to increases in legal and professional fees, labor costs, and depreciation expenses[159]. - The group’s service costs rose to approximately HKD 102,000,000, an increase of about 1.2% consistent with revenue growth[154]. Corporate Governance - The company deviated from the corporate governance code C.2.1 by having the roles of Chairman and CEO held by the same person, Zheng Zengfu, since March 28, 2022[181][183]. - The board consists of three executive directors, two non-executive directors, and three independent non-executive directors, ensuring a balanced governance structure[183]. - The company emphasizes the importance of maintaining corporate governance independence and will separate the roles of Chairman and CEO when suitable[183]. - The company has adopted a strict code of conduct for directors' securities trading, in compliance with GEM listing rules[184]. Awards and Recognition - The company received various awards, including a silver medal at the Geneva International Exhibition of Inventions and a gold medal at the 2022 Canadian International Invention Innovation Awards[3]. Other Information - The company did not recommend the payment of an interim dividend for the period[5]. - The company has established a stock option plan approved by shareholders on January 19, 2018, which is effective for ten years[196]. - As of September 30, 2022, there are no unexercised, granted, canceled, exercised, or expired stock options[197].

Financial Performance - The group's revenue for the three months ended June 30, 2022, was approximately HKD 55.4 million, an increase of about 15.8% compared to HKD 47.9 million for the same period in 2021[6] - Total revenue for the three months ended June 30, 2022, was HKD 55,435,000, an increase of 15.4% compared to HKD 47,871,000 for the same period in 2021[26] - Revenue from renovation projects was HKD 21,082,000, a significant increase of 74% from HKD 12,128,000 in the previous year[26] - Revenue from renovation projects was approximately HKD 21.1 million, an increase of about 73.8% compared to approximately HKD 12.1 million in the previous period[38] - The group reported a pre-tax loss of HKD 2,636,000 for the three months ended June 30, 2022, compared to a loss of HKD 731,000 in the same period last year[33] - The loss and other comprehensive expenses for the period increased by 261.0% to approximately HKD 2.6 million, compared to HKD 0.7 million for the previous period[6] - The total comprehensive loss attributable to owners of the company was HKD 2.6 million for the period[8] Profitability and Expenses - The basic loss per share for the period was approximately HKD 0.82, compared to a loss of HKD 0.23 per share in the previous period[9] - The gross profit for the period was HKD 930,000, down from HKD 1.8 million in the same period last year[10] - Gross profit decreased from approximately HKD 1.8 million to approximately HKD 0.9 million, a decline of about 48.9% due to lower profit margins on several projects[40] - Administrative expenses for the period were HKD 3.97 million, an increase from HKD 3.34 million in the previous period[10] - Administrative expenses increased from approximately HKD 3.3 million to approximately HKD 4.0 million, reflecting an increase of about 18.8%[43] - The group’s financing costs increased to HKD 106,000 from HKD 22,000 in the previous period[10] - Financing costs surged from approximately HKD 22,000 to approximately HKD 106,000, an increase of about 381.8% due to increased bank borrowings[44] - Total labor costs increased to HKD 8,718,000 from HKD 7,977,000, reflecting a rise of 9.3% year-on-year[31] - The total labor cost for the period was approximately HKD 8.7 million, compared to approximately HKD 8.0 million in the previous period[52] Dividends and Shareholder Information - The group did not recommend the payment of an interim dividend for the period[6] - The group did not declare an interim dividend for the three months ended June 30, 2022, consistent with the previous year[32] - Major shareholders include Zheng Zengfu and Liao Lili, each holding 164,200,000 shares, representing 51.31% of the total issued share capital[57] - Chen Yi Sung holds 19,200,000 shares, accounting for 6.00% of the total issued shares[60] - Zheng Zengfu, Zheng Zengwei, and Liao Lili are considered concert parties, collectively owning 164,200,000 shares[58] - As of June 30, 2022, no other individuals were reported to hold 5% or more of the company's shares[61] Business Operations and Outlook - The company’s main subsidiary is engaged in providing renovation and refurbishment services to the private sector in Hong Kong[17] - The board believes that demand for high-end renovation and refurbishment services will remain strong, indicating a positive outlook for future business[35] - The group aims to explore opportunities in home repair and maintenance services, responding to significant market demand in Hong Kong[35] - The group has obtained an exclusive sales license for a nano photocatalytic anti-fouling material, which is expected to expand revenue sources in the construction materials market[36] - No contracts exceeding HKD 10 million were awarded during the period, contrasting with four contracts exceeding this amount in the previous period, which contributed approximately HKD 10.3 million in revenue[35] Financial Position - As of June 30, 2022, the group had cash and bank balances of approximately HKD 15.6 million, up from HKD 10.4 million as of March 31, 2022[47] - The current ratio decreased from approximately 2.3 times to approximately 1.9 times, while the capital debt ratio increased from approximately 14.1% to approximately 23.4%[47] Governance and Compliance - The financial statements were approved for publication by the board on August 1, 2022[18] - The company’s financial statements were reviewed by the audit committee and comply with applicable accounting standards[68] - The audit committee, established on January 19, 2018, oversees financial reporting and risk management[68] - The company has not disclosed any competitive interests that may conflict with its business operations[65] - There are no provisions for preemptive rights in the company's articles of association[66] - No purchases, redemptions, or sales of the company's listed securities occurred during the reporting period[64] - The company’s executive directors include Zheng Zengfu, Liao Lili, and Xu Qitai[69]

Financial Performance - The group's revenue decreased by approximately 5.2% from about HKD 224.9 million in the previous year to about HKD 213.1 million due to delays in project schedules caused by the COVID-19 pandemic[12] - The group recorded a total loss of approximately HKD 13.6 million compared to a profit of about HKD 2.6 million in the previous year, primarily due to a decrease in gross profit and other income[12] - Revenue for the year was approximately HKD 213,100,000, a decrease of about 5.2% from HKD 224,900,000 in the previous year, primarily due to project delays caused by COVID-19[63] - The overall gross profit decreased by approximately 6,100,000 HKD or 66.2% from about 9,100,000 HKD in the previous year to approximately 3,100,000 HKD this year, primarily due to a gross loss of about 900,000 HKD in renovation works[68] - Other income and gains decreased from approximately 8,400,000 HKD to about 1,700,000 HKD, a reduction of about 79.8%, mainly due to a decrease in government subsidies under the employment support scheme by approximately 3,600,000 HKD[70] - Trade receivables, other receivables, and contract assets impairment losses increased by approximately 301.4%, from about 700,000 HKD to approximately 2,900,000 HKD, primarily due to an increase in contract asset impairment losses by about 2,000,000 HKD[70] - Administrative expenses increased by approximately 8.5%, from about 14,100,000 HKD to approximately 15,300,000 HKD, mainly due to an increase in employee costs by about 1,200,000 HKD[72] - The company reported a significant decrease in sales from its largest customer, which accounted for 17% of sales in 2022, down from 21% in 2021[120] Business Strategy and Opportunities - The board believes that the demand for high-end renovation and refurbishment services will remain strong and plans to explore opportunities in home repair and maintenance services[13] - The group plans to continue developing the high-end renovation market and explore the Nano-AM sales market and its applications across various industries[22] - The group aims to seek new business opportunities focused on energy saving and carbon neutrality through projects designed with environmental, social, and governance principles[13] - The group has obtained an exclusive sales license for a nano photocatalytic anti-fouling material (Nano-AM), which is an environmentally friendly material that can effectively prevent microbial growth on surfaces[13] - The group is focusing on sustainable development and innovation to meet energy-saving and carbon-neutral goals[25] - The group aims to enhance its market presence through the development of new technologies and products, including the Nano-MA2P marine antifouling paint[41] Corporate Governance - The company has established a remuneration committee to determine the compensation of directors based on performance and company results[129] - The board consists of three executive directors, two non-executive directors, and three independent non-executive directors[162] - The company has adopted and complied with the corporate governance code to ensure proper regulation of its business activities and decision-making processes[159] - The company will review its corporate governance policies and reports annually to ensure compliance with GEM listing rules[199] - The company has established a framework for checks and balances within the board, comprising three executive directors, two non-executive directors, and three independent non-executive directors[166] - The company ensures that no director determines their own remuneration, maintaining governance standards[183] - Independent non-executive directors have confirmed their independence according to GEM Listing Rules, ensuring compliance with the independence guidelines[124] Shareholder Information - The company did not recommend any dividend distribution for the year, compared to a final dividend of HKD 0.011 per share totaling HKD 3,520,000 in 2021[115] - The company has a reserve available for distribution of approximately HKD 150,000 as of March 31, 2022[119] - The company is focused on sustainable profit growth and aims to reward shareholders through dividends when financially feasible[109] Operational Challenges - The company faced challenges with labor costs and a shortage of skilled workers, which could impact profitability[111] - The company relies on multiple major clients without long-term commitments, which poses a risk to its business operations[111] Intellectual Property and Innovation - The group has applied for patents for its innovative "Nano-Photocatalytic" technology, which aims to prevent fouling in marine applications[28] - The company entered into an exclusive intellectual property licensing agreement with Te Yi Industrial Co., Ltd. for the use of Nano-AM, which is utilized for surface disinfection materials and protective coatings, with an initial licensing period of three years[84] - During the licensing period, the company is required to pay annual licensing fees based on sales derived from the use of the intellectual property and must exclusively purchase Nano-AM from Te Yi[84] Financial Position - As of March 31, 2022, the company had bank borrowings totaling approximately 81,900,000 HKD, unchanged from the previous year, with a portion of 10,000,000 HKD in revolving loans due within one year[73] - Cash and bank balances decreased from approximately 47,100,000 HKD to about 10,400,000 HKD, primarily due to cash used in operating activities of about 39,300,000 HKD[74] - The current ratio decreased from approximately 3.3 times to about 2.3 times, while the capital debt ratio increased from 0% to approximately 14.1%[74] - The total labor cost, including directors' remuneration, was approximately 36,000,000 HKD, up from about 33,800,000 HKD in the previous year[83] Board and Management - The company has appointed several directors, including Mr. Zheng Zengfu as Chairman and CEO, and Mr. Xu Qitai, with terms starting from March 28, 2022[121] - All executive directors have service agreements with an initial term of three years, effective from the listing date, and can be terminated with three months' written notice[123] - The company has not issued any shares during the fiscal year, maintaining its current capital structure[116] - The company has established a nomination policy outlining the criteria and procedures for selecting and appointing directors[191] - The nomination committee assesses candidates based on character, qualifications, and potential contributions to the board's diversity[197]

Financial Performance - The group's revenue for the nine months ended December 31, 2021, was approximately HKD 157.7 million, a decrease of about 12.8% compared to HKD 180.7 million for the same period in 2020[6] - The group recorded a loss of approximately HKD 5.9 million for the period, compared to a profit of HKD 5.5 million in the previous period[6] - Basic loss per share for the period was approximately HKD 1.84, compared to earnings of HKD 1.73 per share in the previous period[6] - The gross profit for the nine months was HKD 2.35 million, down from HKD 8.23 million in the same period last year[8] - Other income and gains for the nine months were HKD 1.65 million, down from HKD 7.72 million in the previous period[8] - The total revenue decreased from approximately HKD 180.7 million to approximately HKD 157.7 million, a decline of about 12.8%[35] - The group's gross profit decreased from approximately HKD 8.2 million to approximately HKD 2.3 million, a decline of about 71.5%[37] - Other income and losses decreased from approximately HKD 7.7 million to approximately HKD 1.6 million, a decline of about 79.2%[39] Revenue Breakdown - The group's revenue for the three months ended December 31, 2021, was HKD 17,023,000 from renovation works and HKD 37,563,000 from refurbishment works, showing a decrease of 60.3% and an increase of 304.5% respectively compared to the same period in 2020[18] - For the nine months ended December 31, 2021, revenue from renovation works was HKD 70,832,000, down 47.0% year-on-year, while revenue from refurbishment works was HKD 86,831,000, up 84.9% year-on-year[18] - Revenue from renovation works was approximately HKD 70.8 million, down about 47.0% from approximately HKD 133.7 million in the previous period[35] - Revenue from refurbishment works increased to approximately HKD 86.8 million, an increase of about 84.8% compared to approximately HKD 47.0 million in the previous period[35] Expenses and Costs - Administrative expenses for the nine months were HKD 9.79 million, compared to HKD 10.27 million in the previous period[8] - The total labor costs for the nine months ended December 31, 2021, were HKD 22,102,000, a decrease of 7.1% from HKD 23,807,000 in the same period of 2020[27] - The group's service costs increased to HKD 155.3 million for the nine months, compared to HKD 172.5 million in the previous period[8] - Financing costs decreased from approximately HKD 104,000 to approximately HKD 99,000, a decline of about 4.8%[41] Dividends and Shareholder Information - The group did not recommend the payment of an interim dividend for the period[6] - The group did not recommend an interim dividend for the nine months ended December 31, 2021, consistent with the previous year[30] - As of December 31, 2021, major shareholders, including Mr. Zheng Zengwei, Mr. Zheng Zengfu, and Ms. Liao Lili, collectively own 164,200,000 shares, representing 51.3% of the company's issued share capital[57] - Mr. Xu Qitai holds 12,800,000 shares, accounting for 4.0% of the total issued share capital[57] - Advance Goal Group Limited, a significant shareholder, also holds 164,200,000 shares, equivalent to 51.3% of the company's issued share capital[62] - Ms. Zhou Xiaoshan, as a spouse of Mr. Zheng Zengwei, is considered to have an interest in the 164,200,000 shares held by Advance Goal[63] - Mr. Chen Yisong is a beneficial owner of 19,200,000 shares, which constitutes 6% of the issued share capital[62] Corporate Governance - The audit committee, established on January 19, 2018, reviewed the unaudited consolidated financial statements for the period and confirmed compliance with applicable accounting standards and GEM listing rules[71] - The company has not disclosed any competitive interests held by directors or major shareholders that could conflict with the group's business[68] - The company's articles of association do not contain provisions regarding preemptive rights for existing shareholders when new shares are issued[69] - The company has not engaged in any arrangements that would allow directors or major executives to acquire any rights to purchase securities during the reporting period[66] - There were no purchases, redemptions, or sales of the company's listed securities by the company or its subsidiaries during the reporting period[67] Future Outlook - The group plans to continue focusing on the high-end renovation and refurbishment market in the future[33] - The group received government subsidies under the "Employment Support Scheme," which provided financial support to retain employees during the pandemic[20]

Financial Performance - For the six months ended September 30, 2021, DCB Holdings recorded a revenue of HKD 103.08 million, a decrease of approximately 19.8% compared to HKD 128.54 million for the same period in 2020[4] - The company reported a loss of HKD 3.23 million for the period, compared to a profit of HKD 1.80 million in the previous period[4] - Basic loss per share was approximately HKD 1.01, compared to earnings of HKD 0.56 per share in the prior period[4] - The company reported a total loss before tax of HKD 3,233,000 for the six months ended September 30, 2021, compared to a profit of HKD 1,803,000 in the same period of 2020[29] - Other income for the six months ended September 30, 2021, was HKD 1,389,000, down from HKD 4,138,000 in the previous year[33] - The company recorded a loss of approximately HKD 3.2 million for the period, compared to a profit of approximately HKD 1.8 million in the previous period[90] Assets and Liabilities - Total assets as of September 30, 2021, were HKD 125.44 million, compared to HKD 122.47 million as of March 31, 2021[10] - Net current assets decreased to HKD 79.10 million from HKD 85.83 million as of March 31, 2021[9] - Trade and other payables increased to HKD 11.66 million from HKD 7.74 million[9] - Trade receivables amounted to HKD 33,875,000 as of September 30, 2021, significantly higher than HKD 7,577,000 as of March 31, 2021[57] - The company's total trade and other receivables amounted to HKD 36,379,000 as of September 30, 2021, compared to HKD 10,242,000 as of March 31, 2021[57] - The total contract assets increased to HKD 67,752,000 as of September 30, 2021, compared to HKD 55,597,000 as of March 31, 2021, reflecting an increase of about 21.8%[60] - The company reported a total of HKD 24,982,000 in contract liabilities as of September 30, 2021, compared to HKD 26,886,000 as of March 31, 2021[67] Cash Flow - Cash and cash equivalents decreased by HKD 35.33 million during the period, ending at HKD 11.72 million[18] - The company’s cash and bank balances were approximately HKD 11.7 million, down from about HKD 47.1 million as of March 31, 2021[94] - The total cash outflow for lease liabilities during the six months ended September 30, 2021, was approximately HKD 1,175,000, slightly up from HKD 1,171,000 in the same period of 2020[55] Revenue Segmentation - Revenue from renovation projects accounted for 47.8% of total revenue in the six months ended September 30, 2021, compared to 29.3% in the same period of 2020[81] - The segment revenue for renovation works was HKD 49,268,000, compared to HKD 37,693,000 in the previous year, indicating a growth of about 30.8%[29] - Revenue from renovation projects was approximately HKD 49.3 million, an increase of about 30.7% compared to approximately HKD 37.7 million in the previous period, mainly due to contributions from large renovation projects in Causeway Bay, Stanley, Sha Tin, and The Peak[83] Expenses - The company incurred administrative expenses of HKD 6.78 million, compared to HKD 6.38 million in the previous period[7] - Overall gross profit decreased by approximately HKD 1.9 million or 46.6% to about HKD 2.2 million, mainly due to reduced revenue and cost overruns on several large renovation projects[86] - Administrative expenses increased by approximately 6.3% from about HKD 6.4 million to approximately HKD 6.8 million, primarily due to an increase in labor costs[89] - Total labor costs increased to HKD 8,180,000 for the three months ended September 30, 2021, up from HKD 7,679,000 in the same period of 2020, representing a growth of approximately 6.5%[37] Dividends - The company did not recommend the payment of an interim dividend for the period[4] - The company did not declare an interim dividend for the six months ended September 30, 2021, consistent with the previous year[39] Management and Governance - The company’s management is focused on resource allocation and performance evaluation based on segment reporting[30] - The Audit Committee was established on January 19, 2018, to oversee financial reporting and risk management, consisting of three independent non-executive directors[124] - The committee reviewed the unaudited consolidated financial statements for the period, ensuring compliance with applicable accounting standards and GEM listing rules[124] - The executive directors of the company include Mr. Zheng Zengwei, Mr. Zheng Zengfu, and Ms. Liao Lili, while the independent non-executive directors are Mr. Zhang Guoqiang, Mr. Zhai Zhiwen, and Mr. Zhu Weihua[125] Shareholding and Ownership - As of September 30, 2021, the company directors and key executives collectively own 67% of the shares through Advance Goal Group Limited, amounting to 214,400,000 shares[109] - Following a sale agreement on October 7, 2021, Advance Goal's shareholding decreased to 164,200,000 shares, representing 51.3% of the total issued shares[109] - Active Achievor Limited, controlled by Zheng Fanling, holds 19,200,000 shares, which is 6% of the total[113] - No other individuals were reported to have 5% or more ownership in the company as of September 30, 2021[115] Compliance and Regulations - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from April 1, 2021, with no significant impact on the financial performance[23] - The company's articles of association do not contain provisions for preemptive rights for existing shareholders when new shares are issued[122] - The company directors and major shareholders do not hold any interests that could directly or indirectly compete with the company's business[119]

Financial Performance - The group's revenue for the three months ended June 30, 2021, was approximately HKD 47.9 million, a decrease of about 18.7% compared to HKD 58.9 million for the same period in 2020[5] - The loss attributable to the company's owners for the period was approximately HKD 0.7 million, a decrease of 49.8% from HKD 1.5 million in the previous period[5] - The basic loss per share for the period was HKD 0.23, compared to HKD 0.45 in the previous period[5] - Revenue from renovation projects was HKD 12.1 million, down from HKD 22.9 million in the same period last year, representing a decline of approximately 47%[20] - Revenue from construction projects was HKD 35.7 million, slightly down from HKD 36.0 million in the previous year[20] - Other income for the period was HKD 811,000, down from HKD 1.3 million in the previous period[21] - The group's gross profit for the period was HKD 1.8 million, compared to HKD 0.7 million in the same period last year[8] - The company's overall revenue decreased from approximately HKD 58.9 million to about HKD 47.9 million, a decline of approximately 18.7%[36] - Revenue from renovation projects was approximately HKD 12.1 million, down about 47.0% from approximately HKD 22.9 million in the previous period[37] - The gross profit for the three months ended June 30, 2021, was approximately HKD 1.8 million, an increase of about 171.0% compared to HKD 0.7 million in the previous period[39] - The financing costs decreased from approximately HKD 37,000 to HKD 22,000, a reduction of about 40.5%[43] - The administrative expenses for the three months ended June 30, 2021, were approximately HKD 3.3 million, a decrease of about 2.0% from HKD 3.4 million in the previous period[42] Dividend and Shareholder Information - The group did not recommend the payment of an interim dividend for the period[5] - The board did not recommend an interim dividend for the three months ended June 30, 2021, consistent with the previous period[46] - As of June 30, 2021, major shareholders, including Advance Goal, held 214,400,000 shares, representing 67% of the issued share capital[60] - Active Achievor Limited, owned by a major shareholder, holds 19,200,000 shares, accounting for 6% of the issued share capital[60] - The company has no provisions in its articles of association regarding preemptive rights for existing shareholders when issuing new shares[68] Corporate Governance - The company adheres to the corporate governance code as per GEM listing rules, ensuring high-quality board and transparency to shareholders[54] - All directors confirmed compliance with the company's securities trading code throughout the reporting period[55] - The audit committee was established on January 19, 2018, in accordance with GEM Listing Rule 5.28, consisting of three independent non-executive directors[69] - The committee reviewed the unaudited consolidated financial statements for the period and confirmed compliance with applicable accounting standards and GEM Listing Rules[69] - The executive directors of the company include Mr. Zheng Zengwei, Mr. Zheng Zengfu, and Ms. Liao Lili as of the report date[70] Operational Information - The group operates primarily in Hong Kong, with no geographical segment reporting[18] - As of June 30, 2021, the company's bank balance and cash were approximately HKD 18.2 million, down from approximately HKD 47.1 million as of March 31, 2021[48] - The company has no borrowings as of June 30, 2021, indicating no applicable debt-to-equity ratio[48] - The company secured four projects during the period, with a total contract value of approximately HKD 140.8 million, contributing approximately HKD 10.3 million in revenue[33] - As of June 30, 2021, the group had a total of 62 employees, with total labor costs approximately HKD 8.0 million, down from HKD 8.3 million in the previous period[52] Securities Transactions - The company did not engage in any arrangements allowing directors or major executives to acquire rights to purchase securities during the reporting period[64] - There were no purchases, redemptions, or sales of the company's listed securities by the company or its subsidiaries during the period[65] - The board approved the unaudited financial statements on August 2, 2021[15]

Financial Performance - The group's revenue decreased by approximately 4.3% from about HKD 235 million in the previous year to about HKD 224.9 million for the year ended March 31, 2021[11]. - Gross profit increased by approximately HKD 200,000 or 2.7% to about HKD 9.1 million, attributed to better cost control in renovation projects[11]. - The group recorded a total comprehensive profit of approximately HKD 2.6 million, compared to a total comprehensive loss of about HKD 5 million in the previous year[11]. - The company's revenue for the year ended March 31, 2021, was approximately HKD 224,900,000, a decrease of about 4.3% from HKD 235,000,000 in the previous year[23]. - Revenue from renovation projects decreased by approximately HKD 90,200,000 or about 62.6%, while revenue from decoration projects increased by approximately HKD 80,100,000 or about 88.2%[23]. - The gross profit for the year was approximately HKD 9,100,000, an increase of about HKD 200,000 or 2.7% from HKD 8,900,000 in the previous year[29]. - The gross profit margin for decoration projects improved to 2.4% from a loss margin of 3.4% in the previous year, while the gross profit margin for renovation projects decreased to 9.5% from 8.3%[29]. - Other income and gains increased from approximately HKD 3,300,000 to HKD 8,400,000, primarily due to an increase in government subsidies under the employment support scheme[31]. - Administrative expenses decreased by approximately 11.4% from HKD 16,700,000 to HKD 14,800,000, mainly due to a reduction in employee costs[32]. - The company recorded a profit of approximately HKD 2,600,000 for the year, compared to a loss of about HKD 5,000,000 in the previous year[34]. - As of March 31, 2021, the company had cash and bank balances of approximately HKD 47,100,000, an increase from HKD 31,500,000 in the previous year[36]. - The current ratio improved from approximately 3.0 times to 3.3 times, indicating a stronger liquidity position[36]. Project and Market Outlook - The group was awarded two projects with contract amounts exceeding HKD 10 million each, totaling approximately HKD 118.1 million, contributing about HKD 16 million in revenue during the year[17]. - The total number of projects awarded decreased from six in the previous year to two in the current year[17]. - The group anticipates a recovery in the private residential market and is prepared for future challenges, expecting the upcoming year to be remarkable[13]. - The group plans to continue focusing on developing the high-end renovation and refurbishment market[18]. - The group aims to expand its project team to ensure sufficient manpower for larger projects in the future[13]. Corporate Governance and Management - The company has maintained its overall corporate strategy under the leadership of its founders, who have extensive management experience[50][51][52]. - The management team includes individuals with over 29 years of experience in the renovation and design industry, indicating strong expertise in their operational areas[51][59]. - The company has a structured board with independent non-executive directors who contribute to audit and compensation committees, enhancing governance[54][55]. - The financial director has been with the group since 2010, bringing significant financial management experience to the company[59]. - The company has a dedicated compliance officer overseeing human resources and administrative affairs, ensuring regulatory adherence[52]. - The management team is well-rounded, with members holding advanced degrees in finance and accounting, which supports informed decision-making[62]. - The company has established a strong reputation in the renovation and refurbishment industry, which helps maintain customer loyalty[71]. - The company emphasizes the importance of maintaining good relationships with suppliers to ensure efficient project completion and enhance market reputation[72]. Shareholder and Financial Policies - The company reported a final dividend of HKD 3,520,000 for the year ended March 31, 2021, translating to HKD 0.011 per ordinary share, an increase from HKD 0.0075 per share in 2020[79]. - The company focuses on sustainable profit growth and aims to reward shareholders with dividends while considering business development needs and financial health[74]. - The company has not issued any shares during the fiscal year[80]. - The company has confirmed compliance with GEM Listing Rules regarding related party transactions and has disclosed necessary information as per the regulations[97]. - The company has a stock option plan approved on February 14, 2018, which allows for the issuance of up to 32,000,000 shares, representing 10% of the company's issued share capital[102]. - The company has no plans for further grants or offerings of stock options after the expiration of the stock option plan period[99]. - The company has confirmed that all independent non-executive directors meet the independence criteria set forth in the GEM Listing Rules[88]. - The company’s board of directors' remuneration is determined based on recommendations from the remuneration committee and is subject to shareholder approval at the annual general meeting[94]. Risk Management and Compliance - The company has allocated sufficient resources and training to ensure compliance with applicable laws and regulations, with no significant violations reported during the year[68]. - The company has established appropriate and effective management policies and internal control systems regarding environmental, social, and governance (ESG) matters as of March 31, 2021[199]. - The company has adopted a code of conduct for securities trading, which all directors confirmed adherence to during the year[142]. - The board has established a risk management system with clear organizational responsibilities and regular monitoring of risk levels[173]. - The board conducted an annual review of the effectiveness of the risk management and internal control systems, finding them to be effective and sufficient[177]. Environmental, Social, and Governance (ESG) Commitment - The company is committed to environmental sustainability and resource efficiency in its operations[67]. - The company’s ESG report highlights its commitment to sustainable development and incorporates environmental, social, and governance principles into its risk management[194]. - Key ESG aspects include greenhouse gas emissions, energy consumption, and occupational health and safety[199]. - The group has implemented human resources policies and employee development and training programs[199]. - The group has measures in place to prevent child labor and forced labor within its operations[199]. - The group manages environmental and social risks in its supply chain[199]. - The quality and safety of services provided are emphasized under product responsibility[199]. - The group is committed to community investment and social welfare initiatives[199]. - Stakeholder feedback on the ESG report and sustainability performance is welcomed[200].

Financial Performance - The group's revenue for the nine months ended December 31, 2020, was approximately HKD 180.7 million, a decrease of about 9.4% compared to HKD 199.4 million for the same period in 2019[4] - Profit attributable to the owners of the company increased by approximately HKD 1.3 million or 31.9% to about HKD 5.5 million during the period[4] - The basic earnings per share for the period was approximately HKD 1.73, compared to HKD 1.31 for the same period last year[4] - The gross profit for the nine months was HKD 8.2 million, down from HKD 13.2 million in the previous year, reflecting a decrease in gross margin[7] - The company reported a net profit of HKD 5.5 million for the nine months, compared to HKD 4.2 million in the previous year[7] - The pre-tax profit for the nine months ended December 31, 2020, was HKD 19,438,000, a decrease of 11.4% compared to HKD 21,937,000 for the same period in 2019[28] - The total comprehensive income attributable to the company's owners increased by approximately 31.9% from about HKD 4.2 million to approximately HKD 5.5 million[50] Revenue Breakdown - The group's revenue from renovation projects for the nine months ended December 31, 2020, was HKD 133,764,000, a 98.2% increase compared to HKD 67,411,000 for the same period in 2019[18] - The revenue from refurbishment projects for the nine months ended December 31, 2020, was HKD 46,975,000, a 64.4% decrease compared to HKD 131,972,000 for the same period in 2019[18] - Revenue from renovation projects increased to approximately HKD 133.7 million, up about 98.4% from approximately HKD 67.4 million in the previous period, mainly due to three large renovation projects[42] - Revenue from refurbishment projects decreased to approximately HKD 47.0 million, down about 64.4% from approximately HKD 132.0 million, primarily due to the completion of major projects in the previous fiscal year[42] Cost Management - The company experienced a decrease in service costs from HKD 186.1 million to HKD 172.5 million, indicating improved cost management[7] - Administrative expenses for the nine months were HKD 10.3 million, slightly down from HKD 10.9 million in the previous year[7] - The total labor cost for the nine months ended December 31, 2020, was HKD 23,807,000, a decrease of 5.0% compared to HKD 25,074,000 for the same period in 2019[29] - The group's gross profit decreased from approximately HKD 13.2 million to about HKD 8.2 million, a decline of approximately 37.9% due to reduced revenue and cost overruns on large renovation projects[44] Other Income and Expenses - Total other income for the nine months ended December 31, 2020, was HKD 7,723,000, an increase of 145.5% compared to HKD 3,148,000 for the same period in 2019[20] - Other income and net other gains or losses increased from approximately HKD 3.1 million to about HKD 7.7 million, an increase of approximately 148.4%, mainly due to increased government subsidies and consulting fees[46] - The income tax expense decreased significantly from approximately HKD 999,000 to about HKD 43,000, a decline of approximately 95.7%[49] - The group's financing costs decreased from approximately HKD 228,000 to about HKD 104,000, a reduction of approximately 54.4% due to lower bank loan interest[48] Dividend and Shareholding - The board did not recommend the payment of an interim dividend for the period[4] - The company did not recommend an interim dividend for the nine months ended December 31, 2020, consistent with the previous year[33] - As of December 31, 2020, Advance Goal holds 214,400,000 shares, representing 67% of the company's issued share capital[67] - Active Achievor Limited, fully owned by Zheng, holds 19,200,000 shares, accounting for 6% of the company's issued share capital[67] - No other individuals were reported to hold 5% or more of the company's shares as of December 31, 2020[70] Future Plans and Focus - The company is focused on expanding its renovation and refurbishment services, which are key segments of its operations[16] - The company plans to continue focusing on the development of large-scale high-end renovation projects in the future[40] Compliance and Governance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance and transparency[12] - The audit committee, established on January 19, 2018, is responsible for reviewing financial statements and overseeing risk management[76]

Financial Performance - The group's revenue for the six months ended September 30, 2020, was approximately HKD 128.5 million, a decrease of about 1.3% compared to HKD 130.3 million for the same period in 2019[4]. - Profit attributable to owners of the company for the period was approximately HKD 1.8 million, a decrease of about HKD 1.2 million or 39.0% from approximately HKD 3.0 million in the previous period[4]. - The company's earnings per share for the period was approximately HKD 0.56, down from HKD 0.92 in 2019[4]. - Gross profit for the six months was approximately HKD 4.1 million, compared to HKD 9.5 million for the same period in 2019, reflecting a significant decline[6]. - The company reported a pre-tax profit of HKD 1.8 million for the six months, down from HKD 3.6 million in the previous period[12]. - The company reported total revenue of HKD 128,538,000 for the six months ended September 30, 2020, compared to HKD 130,282,000 for the same period in 2019, representing a decrease of approximately 1.3%[25]. - The segment revenue from renovation projects was HKD 37,693,000 for the six months ended September 30, 2020, compared to HKD 85,913,000 for the same period in 2019, indicating a decline of approximately 56.2%[25]. - The company achieved a total segment profit of HKD 4,117,000 for the six months ended September 30, 2020, down from HKD 9,500,000 in the same period of the previous year, reflecting a decrease of approximately 56.7%[25]. - Profit and other comprehensive income for the period was approximately HKD 1.8 million, a decrease of about 39.1% from HKD 3.0 million in the previous period[80]. Cash Flow and Assets - The total assets as of September 30, 2020, were approximately HKD 135.4 million, compared to HKD 129.6 million as of March 31, 2020[8]. - Net current assets as of September 30, 2020, were approximately HKD 84.8 million, a slight decrease from HKD 86.6 million as of March 31, 2020[8]. - Operating cash flow before changes in working capital was HKD 3.1 million, compared to HKD 4.9 million in the same period last year[12]. - The net cash and cash equivalents decreased by HKD 11,283,000 during the reporting period, compared to a decrease of HKD 14,358,000 in the previous period[14]. - As of September 30, 2020, the group's bank balance and cash amounted to approximately HKD 20.2 million, down from HKD 31.5 million as of March 31, 2020[81]. - The company had bank deposits of approximately HKD 7,076,000 as of September 30, 2020, down from HKD 11,133,000 as of March 31, 2020[54]. Liabilities and Expenses - The company’s total liabilities included a repayment of lease liabilities amounting to HKD 1,171,000 during the financing activities[14]. - The company’s cash flow from financing activities resulted in a net cash outflow of HKD 3,571,000 for the reporting period[14]. - The total labor costs for the six months ended September 30, 2020, were HKD 15,996, down from HKD 16,813 for the same period in 2019, reflecting a decrease of approximately 4.8%[35]. - Administrative expenses decreased by approximately 7.0% from HKD 6.9 million to HKD 6.4 million, attributed to reductions in labor costs and travel expenses[77]. - Financing costs decreased by approximately 43.7% from HKD 126,000 to HKD 71,000, mainly due to lower bank loan interest[78]. Shareholder Information - As of September 30, 2020, the company's directors and key executives collectively own 214,400,000 shares, representing 67% of the total equity[95]. - Advance Goal Group Limited, a controlled corporation, holds 67% of the company’s shares, with significant ownership by the directors[100]. - Active Achievor Limited, another significant shareholder, owns 19,200,000 shares, accounting for 6% of the total equity[100]. Future Outlook and Strategy - The company plans to continue focusing on the development of large-scale high-end decoration and renovation projects in the future[65]. - The company is investing in new technology development, allocating $10 million for R&D in the upcoming fiscal year[112]. - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[112]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of $30 million for potential acquisitions[112]. - Future guidance indicates a focus on sustainability initiatives, with plans to invest $15 million in green technologies[112]. Government Support and Other Income - The company received government subsidies amounting to HKD 1,810,000 under the "Employment Support Scheme" during the reporting period[29]. - Other income and net other gains or losses increased from approximately HKD 1.1 million to HKD 4.1 million, a rise of about HKD 3.0 million, mainly due to increased government subsidies and consulting fees[75]. Corporate Governance - The company has established an audit committee to oversee financial reporting and risk management, consisting of three independent non-executive directors[110]. - There are no known interests held by directors or major shareholders that would directly or indirectly compete with the company’s business[105].

Financial Performance - The group's revenue for the three months ended June 30, 2020, was approximately HKD 58.9 million, a decrease of about 12.1% compared to HKD 67.0 million for the same period in 2019[4]. - The group recorded a loss of approximately HKD 1.5 million for the period, compared to a profit of HKD 2.0 million in the previous year[4]. - Basic loss per share was approximately HKD 0.45, compared to earnings of HKD 0.63 per share in 2019[4]. - The company's overall revenue decreased from approximately HKD 67.0 million to about HKD 58.9 million, a decline of approximately 12.1%[38]. - Revenue from renovation projects was approximately HKD 22.9 million, a decrease of about 47.7% compared to HKD 43.8 million in the previous period[38]. - The gross profit for the three months ended June 30, 2020, was approximately HKD 0.7 million, down 88.4% from HKD 5.8 million in the previous year[40]. - The company recorded a loss attributable to shareholders of approximately HKD 1.455 million for the three months ended June 30, 2020, compared to a profit of HKD 2.028 million in the previous period[33]. Revenue Breakdown - Revenue from renovation projects was HKD 36.0 million, an increase from HKD 23.2 million in the previous year, while revenue from refurbishment projects decreased to HKD 22.9 million from HKD 43.8 million[21]. - Other income for the period was HKD 1.3 million, significantly higher than HKD 50,000 in the same period last year[22]. - Other income increased significantly from approximately HKD 50,000 to about HKD 1.319 million, mainly due to consulting services provided for a renovation project in China[42]. Expenses and Costs - The gross profit for the period was HKD 672,000, a significant decrease from HKD 5.8 million in the previous year[8]. - Administrative expenses increased to HKD 3.4 million from HKD 3.3 million in the previous year[8]. - The company's financing costs increased by approximately 27.6%, from HKD 29,000 to HKD 37,000, primarily due to an increase in lease liabilities interest[44]. - Total labor costs for the period were approximately HKD 8.3 million, compared to approximately HKD 8.5 million in the previous period[53]. - Administrative expenses rose by approximately 3.6%, from HKD 3.3 million to HKD 3.4 million, primarily due to increased depreciation[43]. Dividends - The group did not recommend the payment of an interim dividend for the period[4]. - The company did not recommend an interim dividend for the three months ended June 30, 2020, consistent with the previous year[29]. - The board recommended a final dividend of HKD 0.75 per ordinary share for the year ended March 31, 2020, totaling HKD 2.4 million, which was approved by shareholders[46]. Financial Position - As of June 30, 2020, the group's bank balances and cash amounted to approximately HKD 43.8 million, an increase from approximately HKD 31.5 million as of March 31, 2020[48]. - The group had no borrowings as of June 30, 2020, resulting in a capital debt ratio of zero[49]. - The group maintained a cautious financial management strategy to ensure a robust liquidity position throughout the period[50]. - The board closely monitors the group's liquidity to ensure that its capital structure meets ongoing funding needs[50]. - The company has no capital commitments as of June 30, 2020[52]. Employment and Shareholding - The company had a total of 68 employees as of June 30, 2020, an increase from 67 employees as of March 31, 2020[53]. - Major shareholders, including Mr. Zheng and Ms. Liao, collectively own 67% of the issued share capital, amounting to 214 million shares[58]. - Active Achievor Limited holds 6% of the company's shares, equivalent to 19.2 million shares[61]. Compliance and Governance - The board confirmed that the information in the report is accurate and complete, with no misleading elements[2]. - The audit committee, established on January 19, 2018, reviewed the unaudited condensed consolidated financial statements for the period and confirmed compliance with applicable accounting standards and GEM listing rules[71]. - The compliance advisor, Armor Capital Limited, reported no interests in the company's equity as of June 30, 2020, apart from the compliance advisory agreement dated June 21, 2017[68]. - The company does not have provisions in its articles of association or Cayman Islands law regarding preemptive rights for existing shareholders to purchase new shares[69]. - As of June 30, 2020, the company and its subsidiaries did not engage in any arrangements that would allow directors or key executives to acquire securities of the company or its affiliates[65]. - The company has not purchased, redeemed, or sold any of its listed securities during the reporting period[65]. Future Outlook - The impact of the COVID-19 pandemic on the company's financial performance remains uncertain, and the company will continue to monitor the situation closely[34]. - The company plans to focus on developing the high-end renovation market while managing rising subcontractor costs due to labor shortages[36].