Financial Performance - The group's revenue decreased by approximately 27.6% from about HKD 324.6 million in the previous year to about HKD 235 million in the current year[9]. - Gross profit fell by approximately 70.8% from about HKD 30.5 million to about HKD 8.9 million, primarily due to losses in renovation project gross profit[9]. - The total comprehensive loss for the year was approximately HKD 5 million, compared to a total comprehensive income of about HKD 10.7 million in the previous year[9]. - The group secured six projects with contract amounts exceeding HKD 10 million each, totaling approximately HKD 174.4 million, down from HKD 253.5 million in the previous year[13]. - Revenue contribution from these projects was approximately HKD 68.9 million, compared to HKD 98.2 million in the previous year[13]. - The group's revenue for the year was approximately HKD 235 million, a decrease of about 27.6% from the previous year's revenue of approximately HKD 324.6 million[18]. - Revenue from renovation works increased by approximately HKD 27.9 million or about 23.9%, contributing a total of approximately HKD 120 million from four major renovation projects[19]. - The overall gross profit decreased by approximately HKD 21.6 million or 70.8%, from approximately HKD 30.5 million in the previous year to approximately HKD 8.9 million this year[22]. - The gross loss from renovation works was approximately HKD 3.1 million, attributed to reduced income and cost overruns on several large renovation projects[23]. - The group recorded a loss of approximately HKD 5 million for the year, compared to a profit of approximately HKD 10.7 million in the previous year[26]. Cash and Capital Management - As of March 31, 2020, the group had bank balances and cash of approximately HKD 31.5 million, an increase from HKD 21.7 million in the previous year[28]. - The current ratio improved from approximately 2.6 times to about 3 times as of March 31, 2020[28]. - The company has repaid bank borrowings of HKD 6,400,000 to reduce its capital debt ratio, with approximately HKD 6,300,000 repaid from listing proceeds and the remaining HKD 100,000 from internal resources[49]. - As of March 31, 2020, the total amount utilized from the net proceeds of the listing was approximately HKD 36,399,000, compared to HKD 27,755,000 utilized in the previous year, indicating an increase of approximately 31%[51]. - The company has expanded its renovation and refurbishment business, utilizing HKD 19,910,000 from the listing proceeds, which is an increase from HKD 14,928,000 in the previous year[51]. Business Development and Strategy - The group remains optimistic about future business development despite the challenges posed by the COVID-19 pandemic, particularly in the high-end private residential market[11]. - The group plans to continue focusing on developing large-scale high-end renovation and refurbishment projects[14]. - The company aims to further expand its internal team and enhance its ability to respond to future business opportunities[50]. - The company has a clear strategy for future business development outlined in the management discussion and analysis section of the annual report[67]. Human Resources and Operational Capacity - The company has hired new staff, including three project managers, two assistant project managers, one surveyor, one site supervisor, and one senior site coordinator, to enhance its operational capacity[46]. - The company has rented additional office space to support its expansion efforts[43]. - The company has provided additional external training for employees to enhance their skills and capabilities[47]. - The group values its employees as key assets and provides a harmonious work environment to foster creativity[73]. Corporate Governance - The board of directors is committed to compliance with applicable laws and regulations, ensuring no significant violations occurred during the year[68]. - The company has adopted a nomination policy outlining the criteria and procedures for nominating and appointing directors, focusing on character, integrity, qualifications, and diversity[138]. - The company has adopted a board diversity policy to enhance board efficiency, considering factors such as gender, age, cultural background, and professional experience[146]. - The board is responsible for maintaining effective risk management and internal control systems, which are designed to manage rather than eliminate risks[153]. - The company has established procedures for directors to seek independent professional advice to fulfill their duties[119]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to environmental sustainability and has implemented effective measures for resource utilization and waste reduction[67][68]. - The company emphasizes the importance of integrating environmental, social, and governance (ESG) principles into its risk management system[172]. - The ESG report is prepared in accordance with the guidelines set out in the Stock Exchange's ESG Reporting Guide[172]. - The company has established appropriate and effective management policies and internal control systems regarding ESG matters[177]. - The group has incorporated environmental initiatives into the employee handbook to enhance awareness of environmental protection[184]. Shareholder Relations and Dividends - The company aims to maximize shareholder returns by focusing on sustainable profit growth and rewarding shareholders with dividends[74]. - The company declared a final dividend of HKD 2,400,000, equating to HKD 0.75 per share, down from HKD 1.2 per share in the previous year[78]. - As of March 31, 2020, the distributable reserves were approximately HKD 26,500,000, a decrease from HKD 35,300,000 in 2019[80]. - The company has adopted a dividend policy to maintain sufficient cash reserves for operational needs and future growth[168]. - The board will consider various factors, including financial performance and cash flow, when proposing dividends[168].

Financial Performance - The group's revenue for the nine months ended December 31, 2019, was approximately HKD 199.4 million, a decrease of about 20.1% compared to HKD 249.6 million for the same period in 2018[4] - Profit attributable to owners of the company decreased by approximately HKD 5.4 million or 56.1% to about HKD 4.2 million during the period[4] - Basic earnings per share were approximately HKD 1.31, down from HKD 2.99 in the previous period[4] - The gross profit for the nine months ended December 31, 2019, was HKD 13.2 million, compared to HKD 25.3 million for the same period in 2018, reflecting a significant decline[6] - Total comprehensive income for the period was HKD 4.2 million, a decrease from HKD 9.6 million in the same period last year[6] - The company reported a pre-tax profit of HKD 5.2 million for the nine months ended December 31, 2019, down from HKD 11.5 million in the previous year[6] - Total revenue for the three months ended December 31, 2019, was HKD 69,101,000, a decrease of 36.2% compared to HKD 108,256,000 for the same period in 2018[20] - Revenue from renovation projects was HKD 46,059,000 for the three months ended December 31, 2019, compared to HKD 47,495,000 in the same period of 2018, reflecting a decline of 3.0%[20] - The company reported a pre-tax profit of HKD 7,236,000 for the three months ended December 31, 2019, down 22.8% from HKD 9,371,000 in the same period of 2018[28] Expenses and Costs - Administrative expenses for the nine months ended December 31, 2019, were HKD 10.97 million, compared to HKD 13.61 million for the same period in 2018[6] - Total labor costs for the three months ended December 31, 2019, were HKD 8,261,000, a decrease of 29.5% compared to HKD 11,692,000 in the same period of 2018[29] - The total labor cost for the period was approximately HKD 25.1 million, down from about HKD 28.9 million in the previous period[56] - The group's service costs decreased from approximately HKD 224.3 million to about HKD 186.1 million, a reduction of approximately 17.0%[40] - Administrative expenses decreased by approximately 19.4%, from about HKD 13.6 million to HKD 11.0 million, attributed to reduced labor costs[44] Dividends and Shareholder Information - The board of directors 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, 2019, while a final dividend of HKD 0.012 per share was approved for the year ended March 31, 2019, totaling HKD 3,840,000[32] - As of December 31, 2019, the company’s directors and key executives collectively own 214,400,000 shares, representing 67% of the issued share capital[60] - Zheng Zengwei, Zheng Zengfu, and Liao Lili are considered concert parties, jointly owning the aforementioned shares through Advance Goal Group Limited[60] - Active Achievor Limited, fully owned by Zheng Fanling, holds 19,200,000 shares, accounting for 6% of the company’s issued shares[70] - No other individuals were reported to hold 5% or more of the company’s shares as of December 31, 2019[74] Income and Other Financial Metrics - The company recorded other income of HKD 3.15 million for the nine months ended December 31, 2019, compared to HKD 0.075 million in the previous year[6] - The company recorded other income of HKD 2,072,000 for the three months ended December 31, 2019, significantly up from HKD 2,000 in the same period of 2018[21] - The company’s bank interest income for the nine months ended December 31, 2019, was HKD 82,000, compared to HKD 17,000 in the same period of 2018, reflecting a substantial increase[21] - Other income rose significantly from approximately HKD 75,000 to about HKD 3.148 million, mainly due to consulting fees from a Chinese developer[43] Financial Position and Ratios - As of December 31, 2019, the group's cash balance was approximately HKD 28.9 million, up from about HKD 21.7 million as of March 31, 2019[50] - The capital-to-debt ratio as of December 31, 2019, was 2.7%, reflecting an increase due to higher bank borrowings[51] - The company’s total liabilities related to operating leases as of March 31, 2019, were HKD 1,638,000 for the next year and HKD 336,000 for the following four years[35] Corporate Governance and Compliance - The Audit Committee was established on January 19, 2018, to oversee financial reporting and risk management[81] - The company’s financial statements were reviewed by the Audit Committee and deemed compliant with applicable accounting standards and regulations[81] - There are no provisions in the company’s articles of association regarding preemptive rights for existing shareholders[79] - The company has not disclosed any interests that may constitute competition with its business from directors or major shareholders[77] Future Outlook and Strategic Initiatives - The company reported a significant increase in revenue for Q3 2019, with a year-over-year growth of 20%[83] - User data showed an increase in active users, reaching 5 million, representing a 15% growth compared to the previous quarter[83] - The company provided a positive outlook for the next quarter, projecting a revenue increase of 25%[83] - New product launches are expected to contribute an additional $50 million in revenue in the upcoming quarter[83] - The company is investing in new technology development, allocating $10 million for R&D in the next fiscal year[83] - Market expansion plans include entering two new international markets by the end of Q4 2019[83] - The company is considering strategic acquisitions to enhance its market position, with a budget of $100 million allocated for potential deals[83] - Customer satisfaction ratings improved to 90%, indicating strong user engagement and loyalty[83] - The company aims to reduce operational costs by 10% through efficiency improvements in the next year[83] - A new marketing strategy is being implemented, targeting a 30% increase in brand awareness by the end of Q4 2019[83]

Financial Performance - The group's revenue for the six months ended September 30, 2019, was approximately HKD 130.3 million, a decrease of about 7.8% compared to HKD 141.3 million for the same period in 2018[5]. - The profit attributable to owners of the company for the period was approximately HKD 3.0 million, a decrease of about HKD 3.6 million or 55.1% from approximately HKD 6.6 million in the previous period[5]. - The basic earnings per share for the period was approximately HKD 0.92, down from HKD 2.06 in the previous year[5]. - The gross profit for the six months ended September 30, 2019, was HKD 9.5 million, compared to HKD 15.7 million for the same period in 2018, reflecting a decline in gross margin[7]. - The total profit before tax for the six months ended September 30, 2019, was HKD 3,591 million, down from HKD 7,870 million for the same period in 2018[41]. - The company's profit before tax for the six months ended September 30, 2019, was 2,958,000 HKD, a decrease of 55.1% compared to 6,590,000 HKD for the same period in 2018[49]. - The group reported a total profit and comprehensive income of approximately HKD 3.0 million, a decrease of about 55.1% from HKD 6.6 million in the previous period[94]. Cash Flow and Financing - The net cash used in operating activities for the six months ended September 30, 2019, was HKD 15.0 million, compared to HKD 40.7 million in the previous period[13]. - Net cash generated from financing activities was HKD 6,026,000, down 49.3% from HKD 11,861,000 year-on-year[15]. - Cash and cash equivalents decreased by HKD 14,358,000, compared to a decrease of HKD 28,832,000 in the same period last year[15]. - The cash and cash equivalents at the end of the period were HKD 7,364,000, down 56.8% from HKD 17,053,000 in the previous year[15]. - The company repaid borrowings of HKD 3,000,000, an increase of 34.9% from HKD 2,223,000 in the previous period[15]. - The company maintained dividend payments of HKD 3,840,000, unchanged from the previous period[15]. - The company has obtained credit financing from banks amounting to approximately HKD 73.4 million as of September 30, 2019, an increase from HKD 66.9 million as of March 31, 2019[97]. - The capital debt ratio as of September 30, 2019, was 11.5%, reflecting an increase due to the allocation of bank loans for operational funding[98]. Assets and Liabilities - Total assets as of September 30, 2019, were HKD 154.6 million, with net assets amounting to HKD 95.7 million[10]. - The company reported a decrease in trade and other receivables, which amounted to HKD 23.6 million as of September 30, 2019[10]. - The total amount of trade and other receivables as of September 30, 2019, was 23,614,000 HKD, up from 7,659,000 HKD on March 31, 2019, reflecting a 208.5% increase[61]. - Trade payables were reported at HKD 22,142,000 on September 30, 2019, down from HKD 31,024,000 on March 31, 2019, indicating a reduction of approximately 29%[68]. - Contract liabilities totaled HKD 20,782,000 as of September 30, 2019, down from HKD 26,539,000 as of March 31, 2019, reflecting a decrease of about 22%[71]. - The company's lease liabilities as of September 30, 2019, were valued at HKD 2,450,000, reflecting a decrease from HKD 2,570,000 as of March 31, 2019[75]. Operational Highlights - The total revenue for the renovation segment was HKD 42,138 million for the three months ended September 30, 2019, compared to HKD 23,008 million for the same period in 2018, representing an increase of 83.3%[37]. - Revenue from renovation projects increased by approximately 116.1% to HKD 85.9 million, driven by three large renovation projects contributing about HKD 72.5 million[85]. - The service costs decreased from approximately HKD 125.6 million to HKD 120.8 million, a reduction of about 3.8%[87]. - The group plans to continue focusing on developing the high-end renovation market while managing cost control and improving gross margins[85]. - The group has rented suitable office space for expansion and purchased two new vehicles as part of its business goals[110]. - The group has hired a project manager, three assistant project managers, a surveyor, and a site supervisor to strengthen its internal team[110]. Employee and Labor Costs - As of September 30, 2019, the group had a total of 70 employees, with total labor costs approximately HKD 16.8 million, down from HKD 17.2 million in the previous period[108]. - Total labor costs for the six months ended September 30, 2019, were 16,813,000 HKD, down 2.1% from 17,169,000 HKD in the previous year[46]. Corporate Governance - The company has established an audit committee to oversee financial reporting and risk management, consisting of three independent non-executive directors[140]. - The company has not engaged in any arrangements allowing directors or executives to acquire securities during the reporting period[130]. - No purchases, sales, or redemptions of the company's listed securities occurred during the reporting period[131]. - The company's articles of association do not contain provisions for preemptive rights for existing shareholders when new shares are issued[139]. - The company has not disclosed any interests that may constitute competition with its business during the reporting period[132].

Financial Performance - The group's revenue for the three months ended June 30, 2019, was approximately HKD 67.0 million, an increase of about 8.8% compared to HKD 61.6 million for the same period in 2018[4] - The profit attributable to the company's owners decreased by approximately HKD 0.5 million or 20.6% to about HKD 2.0 million for the current period[4] - The company's earnings per share for the current period was approximately HKD 0.63, down from HKD 0.80 in 2018[4] - The gross profit for the three months ended June 30, 2019, was HKD 5.772 million, compared to HKD 6.545 million for the same period in 2018[6] - The total comprehensive income for the period attributable to the company's owners was HKD 2.028 million, down from HKD 2.553 million in the previous year[6] - Revenue from renovation projects was approximately HKD 43.8 million, an increase of about 161.3% compared to approximately HKD 16.8 million in the previous period[34] - Revenue from decoration projects decreased to approximately HKD 23.2 million, down about 48.2% from approximately HKD 44.8 million in the previous period[32] - The group's gross profit decreased from approximately HKD 6.5 million to about HKD 5.8 million, a decline of approximately 11.8% due to cost overruns on certain projects[36] - The group reported a profit attributable to owners of approximately HKD 2.0 million, a decrease of about 20.6% from approximately HKD 2.6 million in the previous period[42] Expenses and Costs - The administrative expenses for the current period were HKD 3.292 million, a decrease from HKD 3.600 million in the previous year[6] - Total labor costs for the period were approximately HKD 8.5 million, compared to HKD 7.2 million in the previous period[48] - Financing costs rose from approximately HKD 18,000 to about HKD 29,000, an increase of approximately 61.1% due to higher lease liability interest[39] Dividends and Shareholder Information - The group did not recommend the payment of an interim dividend for the current period[4] - The board did not recommend an interim dividend for the three months ended June 30, 2019, compared to zero for the same period in 2018[27] - The major shareholders, including Mr. Zheng and Ms. Liao, collectively own 214,000,000 shares, representing 67% of the issued share capital[53] - Active Achievor Limited holds 19,200,000 shares, accounting for 6% of the issued share capital[57] Financial Position and Strategy - As of June 30, 2019, the group's bank balance and cash amounted to approximately HKD 13.0 million, down from HKD 21.4 million as of March 31, 2019[43] - The capital debt ratio as of June 30, 2019, was 6.2%, an increase from zero on March 31, 2019, primarily due to new bank borrowings[45] - The company has adopted a prudent financial management strategy to maintain a healthy liquidity position throughout the period[46] - The group plans to fund future operations and capital expenditures through cash flows from operating activities and net proceeds from the listing[43] Corporate Governance and Compliance - The company has complied with the corporate governance code as per GEM listing rules throughout the reporting period[49] - The company did not engage in any arrangements allowing directors or key executives to acquire securities or debt instruments during the period[61] - There were no purchases, redemptions, or sales of the company's listed securities by the company or its subsidiaries during the period[62] - The company’s compliance advisor and its affiliates did not hold any equity interests in the company or its subsidiaries as of June 30, 2019[65] - The company’s articles of association do not contain provisions regarding preemptive rights for existing shareholders to purchase new shares[66] Audit and Financial Reporting - The financial statements were approved for publication by the board of directors on August 5, 2019[11] - The group has adopted the new Hong Kong Financial Reporting Standard 16 regarding leases, which may impact future financial reporting[16] - The audit committee, established on January 19, 2018, consists of three independent non-executive directors and has reviewed the unaudited condensed consolidated financial statements for the period[67] Business Operations - The group operates primarily in the renovation and refurbishment services sector[11] - The group plans to focus on developing the high-end renovation market while facing challenges from rising subcontractor costs due to labor shortages[31] - The group was awarded one renovation project during the period, with a contract value exceeding HKD 10 million[31] - The company has maintained a total of 72 employees as of June 30, 2019, unchanged from March 31, 2019[48] - The company has no capital commitments as of June 30, 2019[46] Other Income - Other income increased from approximately HKD 6,000 to about HKD 50,000, primarily due to an increase in bank interest income[37]

Financial Performance - For the fiscal year ending March 31, 2019, the group's revenue increased by approximately 18.6% to about HKD 324.6 million from approximately HKD 273.7 million in the previous year[9]. - The group's gross profit decreased from approximately HKD 34.2 million in the previous year to about HKD 30.5 million due to rising subcontractor costs[9]. - Profit attributable to owners of the company increased by approximately 52.7% to about HKD 10.7 million from approximately HKD 7 million in the previous year, despite a decrease in gross profit[9]. - Total comprehensive income for the year was HKD 10.7 million, a decrease of about 45% compared to HKD 19.4 million in the previous year, excluding one-time listing expenses[9]. - The group's revenue for the year ended March 31, 2019, was approximately HKD 324,600,000, an increase of about 18.6% from HKD 273,700,000 in the previous year[19]. - Revenue from renovation projects decreased by approximately HKD 1,300,000 or 1.1%, while revenue from renovation engineering increased by approximately HKD 52,200,000 or 33.4%[19]. - The group secured a total of eight projects in the current year, with a total contract value of approximately HKD 269,500,000, down from HKD 330,400,000 in the previous year[19]. - The overall gross profit decreased by approximately HKD 3,700,000 or 10.9% to about HKD 30,500,000, primarily due to a significant drop in gross profit from renovation projects[23]. - Administrative expenses increased by approximately 65.4% to about HKD 17,700,000, driven by higher labor costs, rent, and legal fees[25]. - The group reported a total profit and comprehensive income of approximately HKD 10,700,000, an increase of about 52.7% from HKD 7,000,000 in the previous year[28]. Market Outlook and Strategy - The company aims to leverage its industry expertise and unique capabilities in managing luxury projects to strengthen its market position[11]. - The company remains optimistic about the market outlook for high-quality residential renovation and refurbishment services due to rising customer expectations[11]. - The company plans to focus on better cost control and achieving higher gross profit margins in the future[11]. - The group plans to continue focusing on the development of large-scale high-end renovation and refurbishment projects in the future[16]. Financial Position and Liquidity - As of March 31, 2019, the group had bank borrowings totaling approximately HKD 66,900,000, an increase from HKD 59,100,000 in the previous year[29]. - The group's cash and bank balances decreased to approximately HKD 21,700,000 from HKD 45,900,000 in the previous year, primarily due to increased pledged bank deposits[30]. - The current ratio improved from approximately 2.5 times to 2.6 times, indicating a stronger liquidity position[30]. - As of March 31, 2019, the group had bank deposits of approximately HKD 6,000,000 as collateral for bank financing, compared to none in 2018[36]. - The group's outstanding performance guarantees as of March 31, 2019, amounted to HKD 37,684,000, an increase from HKD 31,677,000 in 2018[37]. - The labor cost for the year ended March 31, 2019, was approximately HKD 37,900,000, up from HKD 24,100,000 in 2018, reflecting an increase in employee count from 65 to 72[40]. - The group repaid bank loans of HKD 6,400,000 to reduce capital debt ratio, with approximately HKD 6,300,000 repaid from IPO proceeds[44]. - As of March 31, 2019, the net amount of unutilized IPO proceeds was approximately HKD 2,400,000[46]. - The actual amount utilized for expanding the renovation and refurbishment business was approximately HKD 14,928,000, lower than the planned amount of HKD 16,700,000[47]. - The actual amount utilized for further expanding the internal team was approximately HKD 2,999,000, lower than the planned amount of HKD 3,700,000[48]. - The group has no significant capital commitments as of March 31, 2019, and no major acquisitions or disposals of subsidiaries or joint ventures during the year[39]. Corporate Governance - The company emphasizes good corporate governance as a foundation for managing business risks and achieving success[139]. - The board of directors consists of six members, including three executive directors and three independent non-executive directors[139]. - The company has established procedures for directors to seek independent professional advice[144]. - The company ensures that all directors receive appropriate notice and materials before meetings[148]. - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM Listing Rules[155]. - The company has a clear policy for the remuneration of directors and senior management, ensuring no director determines their own remuneration[161]. - The company’s governance structure includes an Audit Committee, Remuneration Committee, and Nomination Committee, each with defined responsibilities[157]. - The company has adopted a nomination policy that outlines the criteria and procedures for nominating and appointing directors[168]. - The nomination committee evaluates candidates based on character, qualifications, and diversity factors, ensuring compliance with GEM listing rules[171]. - The company aims to maintain board diversity by considering factors such as gender, age, cultural background, and professional experience[179]. Risk Management - The board is responsible for maintaining effective risk management and internal control systems, which are designed to manage rather than eliminate risks[189]. - The group has established a risk management system with a clear organizational structure for responsible parties[192]. - The board has implemented a risk management culture and appetite, regularly assessing and monitoring the risk levels undertaken by the group[192]. - An independent external consultant was hired to review the effectiveness of the internal control measures, confirming that the group has established effective internal controls[193]. - The board is committed to implementing a comprehensive internal control system to protect shareholders' interests and the group's assets, with annual reviews conducted[193]. - The board has conducted an annual review of the risk management and internal control systems, finding them effective and sufficient[196]. - No major concerns were identified that could affect the group's strategic objectives during the review of the risk and internal control systems[196]. Shareholder Relations - The company aims to enhance shareholder returns through sustainable profit growth and dividend distribution[79]. - The company declared a final dividend of HKD 3,840,000 for the year ended March 31, 2019, equivalent to HKD 0.012 per share, consistent with the previous year[85]. - As of March 31, 2019, the distributable reserves amounted to approximately HKD 35,300,000, an increase from HKD 28,500,000 in 2018[92]. - Major shareholders, including Mr. Zheng Zengwei, Mr. Zheng Zengfu, and Ms. Liao Lili, collectively own 214,400,000 shares, accounting for 67% of the company's total issued capital[116]. - The company maintains a public float of at least 25% of its total issued shares as required by GEM listing rules[129]. - The controlling shareholders have made non-competition commitments for the benefit of the company, confirming compliance with these commitments during the year[200].

Financial Performance - The group's revenue for the nine months ended December 31, 2018, was approximately HKD 249.6 million, an increase of about 32.0% compared to HKD 189.0 million for the same period in 2017[4] - The total profit and comprehensive income for the period was approximately HKD 9.6 million, a decrease of about 4.6% compared to HKD 0.8 million in the previous period, after excluding one-off non-recurring listing expenses of approximately HKD 9.2 million from the previous period[4] - The company's earnings per share for the nine months was approximately HKD 2.99, compared to HKD 0.35 in the previous period[4] - The gross profit for the nine months was approximately HKD 25.3 million, compared to HKD 19.2 million in the previous period, reflecting an increase in gross profit margin[6] - The pre-tax profit for the nine months was approximately HKD 11.5 million, compared to HKD 2.7 million in the previous period[6] - The company reported a total comprehensive income of HKD 9.6 million for the nine months, significantly higher than HKD 0.8 million in the previous period[6] - Revenue from renovation projects for the nine months ended December 31, 2018, was HKD 87,258,000, up 12% from HKD 77,610,000 in the previous year[20] - The company reported a pre-tax profit of HKD 4,491,000 for the nine months ended December 31, 2018, compared to HKD 2,088,000 for the same period in 2017, reflecting a 115% increase[25] - The total labor cost for the nine months ended December 31, 2018, was HKD 28,861,000, an increase of 82% from HKD 15,817,000 in the previous year[27] - The estimated tax provision for the nine months ended December 31, 2018, was HKD 1,965,000, compared to HKD 1,862,000 for the same period in 2017[29] - The company's basic earnings per share for the nine months ended December 31, 2018, was approximately HKD 9.56 million, compared to HKD 0.832 million for the same period in 2017, representing a significant increase[32] - Total revenue increased from approximately HKD 189.0 million in the previous period to approximately HKD 249.6 million, reflecting a growth of about 32.0%[38] - Revenue from renovation projects was approximately HKD 162.3 million, up about 45.7% from HKD 111.4 million in the previous period[38] - The gross profit for the nine months ended December 31, 2018, was approximately HKD 25.3 million, an increase of about 31.3% compared to HKD 19.2 million in the previous period[39] - Administrative expenses rose to approximately HKD 13.6 million, a significant increase of about 92.4% from HKD 7.1 million in the previous period[40] - The financing costs decreased by approximately 27.9%, from HKD 283,000 in the previous period to HKD 204,000[42] - The company's total comprehensive income for the period was approximately HKD 9.6 million, a decrease of about 4.6% compared to HKD 10.0 million in the previous period[44] Dividend Policy - The board of directors 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, 2018, while a total dividend of HKD 3,000,000 was declared for the same period in 2017[30] Operational Costs - The administrative expenses for the nine months were approximately HKD 13.6 million, compared to HKD 7.1 million in the previous period, indicating increased operational costs[6] - The company’s administrative expenses for the nine months ended December 31, 2018, were HKD 8,608,000, up from HKD 3,849,000 in the previous year[27] Market Strategy - The company is focused on expanding its market presence and enhancing its service offerings in the renovation and refurbishment sector[11] - The company plans to strengthen its financial capacity to undertake more large-scale renovation and refurbishment projects, while expanding its business in the non-residential sector[37] Shareholder Information - As of December 31, 2018, the company has a total of 214,400,000 shares held by major shareholders, representing 67% of the issued share capital[56] - Major shareholders include Mr. Zheng Zengwei, Mr. Zheng Zengfu, and Ms. Liao Lili, who collectively control the shares through Advance Goal Group Limited[56] - Active Achievor Limited holds 19,200,000 shares, accounting for 6% of the issued share capital[61] Compliance and Governance - The financial statements have not been audited by independent auditors but have been reviewed by the audit committee and approved by the board of directors[11] - The company has adopted a code of conduct for securities trading by directors, in compliance with GEM listing rules[55] - No interests or potential conflicts of interest were reported by directors or major shareholders in competing businesses[67] - The company has not established any arrangements for directors or executives to acquire securities of the company or its affiliates[64] - There are no provisions in the company's articles of association regarding preemptive rights for existing shareholders to purchase new shares[69] - The compliance advisor, Armor Capital Limited, reported no interests in the company's equity as of December 31, 2018[68] - The company confirms that all directors have complied with the securities trading code during the reporting period[55] - The Audit Committee was established on January 19, 2018, in accordance with GEM Listing Rule 5.28 and Corporate Governance Code[71] - The committee consists of three independent non-executive directors, including Mr. Zhang Guoqiang as the chairman[72] - The unaudited condensed consolidated financial statements for the period were reviewed by the committee, which confirmed compliance with applicable accounting standards and GEM Listing Rules[71] Cash and Debt Position - As of December 31, 2018, the company's bank balance and cash amounted to approximately HKD 10.5 million, down from HKD 45.9 million as of March 31, 2018[46] - The capital debt ratio increased to 13.6% as of December 31, 2018, compared to approximately 2.5% as of March 31, 2018, primarily due to increased bank borrowings[47] - The company's financing costs, which refer to bank borrowing interest, were not detailed in the provided content but are a critical aspect of financial performance[22] Other Information - There were no purchases, redemptions, or sales of the company's listed securities during the reporting period[65]