BIT Bortex Global Limited 濠亮環球有限公司* (於開曼群島註冊成立的有限公司) 股份代號：8118 第三季度業績報告 香港聯合交易所有限公司(「聯交所」) GEM 的特色 GEM 的定位,乃為中小型公司提供一個上市的市場,此等公司相比超其他在聯交所上市的公 司帶有較高投資風險,有意投資的人士應了解投資於該等公司的潛在風險,並應經過審慎用詳 的考慮後方作出投資決定。 由於GEM上市公司普邊為中小型公司,在GEM買賣的證券可能會較於聯交所主板買賣的證券 承受較大的市場波動風險,同時無法保證在GEM貫賣的證券會有高流通量的市場。 香港交易及結算所有限公司及香港聯合交易所有限公司對本報告的內容概不負責,對其準確性 或完整性亦不發表任何聲明·並明確表示,概不對因本報告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 本報告包括之資料乃遵照聯交所GEM證券上市規則(「GEM上市規則」而刊載·旨在提供有關 濠亮環球有限公司(「本公司」之資料：本公司董事(「董事」）願就本報告的資料共同及個別承 擔全部責任。各董事在作出一切合理查詢後·確認就彼等所知及所信 ·本報告所載之資料在 ...

Financial Performance - Revenue for the six months ended October 31, 2019, was HKD 49,641,000, a decrease of 1% compared to HKD 50,137,000 for the same period in 2018[25] - Gross profit for the same period was HKD 15,763,000, representing a gross margin of approximately 31.7%[25] - Profit before tax for the six months was HKD 7,246,000, down from HKD 9,532,000 in the previous year, indicating a decline of 24%[25] - Net profit for the period was HKD 5,648,000, compared to HKD 7,617,000 in the prior year, reflecting a decrease of 26%[25] - Total comprehensive income for the period was HKD 4,527,000, down from HKD 5,429,000, a decline of 17%[25] - Basic and diluted earnings per share for the period were HKD 0.10, compared to HKD 1.13 in the previous year[25] - The company reported a foreign exchange loss of HKD 1,121,000 related to the translation of overseas operations[25] Expenses and Costs - Administrative expenses increased to HKD 7,590,000 from HKD 5,531,000, representing a rise of 37%[25] - The group's sales cost rose by approximately 23.1% to about HKD 67.2 million for the six months ended October 31, 2019, compared to HKD 54.6 million for the same period in 2018[154] - Gross profit increased by approximately 16.7% to about HKD 27.3 million for the six months ended October 31, 2019, with a gross margin of approximately 28.9%[155] - Administrative expenses increased by approximately 30.1% to about HKD 12.1 million for the six months ended October 31, 2019, mainly due to increased legal and professional fees[158] Assets and Liabilities - Total assets as of October 31, 2019, amounted to HKD 124,411,000, a slight decrease from HKD 125,179,000 as of April 30, 2019[27] - Non-current assets decreased from HKD 46,481,000 to HKD 29,633,000, primarily due to a reduction in property, plant, and equipment from HKD 18,018,000 to HKD 15,909,000[27] - Current liabilities decreased from HKD 31,458,000 to HKD 25,230,000, with trade payables dropping significantly from HKD 13,736,000 to HKD 5,367,000[27] - Cash and cash equivalents decreased from HKD 16,266,000 to HKD 10,048,000, influenced by foreign exchange losses of HKD 6,676,000[34] - The total equity as of October 31, 2019, was HKD 130,800,000, an increase from HKD 123,354,000 as of April 30, 2019[29] Revenue Breakdown - Revenue from external customers for the six months ended October 31, 2019, totaled HKD 94,478,000, compared to HKD 78,009,000 for the same period in 2018, representing an increase of approximately 21%[81] - Revenue from Canada for the six months ended October 31, 2019, was HKD 22,787,000, up from HKD 21,482,000 in the same period of 2018, indicating a growth of approximately 6%[81] - Revenue from the United States for the six months ended October 31, 2019, decreased to HKD 7,322,000 from HKD 12,663,000 in the same period of 2018, reflecting a decline of approximately 42%[81] - Revenue from China (excluding Hong Kong) for the six months ended October 31, 2019, was HKD 13,182,000, down from HKD 34,457,000 in the same period of 2018, a decrease of approximately 62%[81] - Revenue from LED decorative lights for the six months ended October 31, 2019, was HKD 77,999,000, an increase of 6.5% compared to HKD 72,902,000 for the same period in 2018[86] - Revenue from LED lighting products for the six months ended October 31, 2019, was HKD 16,479,000, a significant increase from HKD 5,107,000 for the same period in 2018[86] Future Outlook and Plans - The company has not disclosed specific future outlook or guidance in the provided content[25] - The group plans to establish a new production line in Phnom Penh, Cambodia, expected to commence operations in Q1 2020, to enhance competitiveness and stabilize exports to North America[149] - The group aims to expand its sales network and customer base by participating in the 2019 Hong Kong International Autumn Lighting Fair[148] Shareholder Information - The major shareholder, Real Charm Corp, holds 46.8% of the company's shares, equivalent to 234 million shares[190] - Another significant shareholder, Wan Ke Chuang Jian Co., Ltd., owns 6.0% of the shares, totaling 30 million shares[196] Compliance and Standards - The company has adopted new and revised Hong Kong Financial Reporting Standards, including HKFRS 16 on leases, which has impacted accounting policies[44] - The financial statements have been prepared in accordance with the same accounting policies adopted in the annual financial statements for the year ended 2019[44] - The company has not identified any significant impact on its financial performance or position from the application of the new standards[44] Research and Development - The group incurred research and development expenses of HKD 2,000 for the six months ended October 31, 2019, compared to HKD 74,000 for the same period in 2018[90] - The company has submitted 11 patent applications, with one new application submitted during the six months ended October 31, 2019[180] Employee and Operational Changes - The total salary cost for the six months ended October 31, 2019, was approximately HKD 11.5 million, with a total of 143 employees[172] - The company hired 7 new sales personnel to strengthen its sales team and participated in trade exhibitions in Hong Kong and other regions[183] - The group purchased 3 new automated welding machines to enhance the production of LED decorative lights, upgrading a total of 36 machines[180]

Financial Performance - For the three months ended July 31, 2019, Bortex Global Limited reported revenue of approximately HKD 44.8 million, a significant increase of HKD 16.9 million or 60.6% compared to HKD 27.9 million for the same period in 2018[6]. - The gross profit for the same period was approximately HKD 11.5 million, up from HKD 7.4 million in the previous year[6]. - The profit for the period was approximately HKD 5.4 million, compared to HKD 2.0 million for the same period in 2018[6]. - Basic and diluted earnings per share for the period were HKD 1.09, compared to HKD 0.40 for the same period in 2018[16]. - The total comprehensive income for the period was HKD 2.9 million, compared to a total comprehensive loss of HKD 2.9 million in the same period last year[16]. - For the three months ended July 31, 2019, the company reported a profit attributable to equity holders of HKD 5,430,000, compared to HKD 2,015,000 for the same period in 2018, representing a significant increase of 169%[86]. - The total tax expense for the three months ended July 31, 2019, was HKD 1,039,000, up from HKD 719,000 in the same period of 2018, indicating a 44.5% increase[80]. Revenue Sources - The increase in revenue was primarily driven by higher sales from LED decorative lighting products to customers in Canada and Hong Kong[6]. - Revenue for the three months ended July 31, 2019, was HKD 44,837,000, a 60.8% increase from HKD 27,872,000 for the same period in 2018[71]. - Revenue from LED decorative lights was HKD 44,317,000, up from HKD 27,429,000 in the previous year[71]. - The company’s revenue from Canada increased to HKD 17,969,000 from HKD 13,744,000 year-over-year[63]. - Revenue from the United States decreased to HKD 1,171,000 from HKD 7,454,000 year-over-year[63]. Expenses and Costs - Administrative expenses increased to HKD 4.5 million from HKD 3.7 million in the previous year[16]. - The total cost of inventory recognized as an expense was HKD 33,309,000 for the three months ended July 31, 2019, compared to HKD 20,424,000 in the same period of 2018, representing an increase of 63%[77]. - Sales costs for the same period were approximately HKD 33.3 million, reflecting an increase of 63.2% from HKD 20.4 million year-on-year[115]. - Research and development expenses for the three months ended July 31, 2019, were HKD 28,000, a decrease from HKD 34,000 in the same period of 2018, reflecting a reduction of 17.6%[77]. - Financial costs for the three months ended July 31, 2019, were approximately HKD 144,000, an increase of about HKD 80,000 or 125.0% compared to the same period in 2018 (HKD 64,000)[122]. Assets and Liabilities - As of July 31, 2019, total assets amounted to HKD 124,659,000, a slight decrease from HKD 125,179,000 as of April 30, 2019[19]. - Non-current assets totaled HKD 48,126,000, compared to HKD 29,633,000 in the previous quarter, indicating a significant increase[19]. - Current liabilities decreased to HKD 30,512,000 from HKD 31,458,000, reflecting improved financial management[19]. - The company's trade receivables as of July 31, 2019, amounted to HKD 41,278,000, down from HKD 62,890,000 as of April 30, 2019, showing a decrease of 34.6%[91]. - The company's trade payables as of July 31, 2019, were HKD 8,698,000, a decrease from HKD 13,736,000 as of April 30, 2019, indicating a reduction of 36.7%[96]. Cash Flow - The net cash generated from operating activities for the three months ended July 31, 2019, was HKD 19,062,000, a turnaround from a cash outflow of HKD 14,743,000 in the same period last year[27]. - Cash and cash equivalents at the end of the period increased to HKD 29,163,000 from HKD 16,266,000, showing a strong liquidity position[27]. - The company reported a net cash inflow from financing activities of HKD (2,242,000), an improvement from HKD (3,001,000) in the previous year[27]. Accounting Standards - The company has adopted new accounting standards effective from May 1, 2019, which may impact future financial reporting[32]. - The group has adopted the Hong Kong Financial Reporting Standard 16 (HKFRS 16) for leases, which replaces HKAS 17 and related interpretations[38]. - The initial application of HKFRS 16 resulted in significant changes in accounting policies, particularly in the definition and recognition of leases[52]. - The group will recognize right-of-use assets at the commencement date of the lease, measured at cost less any accumulated depreciation and impairment losses[40]. - Lease liabilities are recognized at the present value of unpaid lease payments, using the incremental borrowing rate if the implicit rate is not determinable[44]. Corporate Governance - The company has appointed Prosperous Finance Limited as its compliance advisor[144]. - The board confirmed compliance with the trading rules during the three months ended July 31, 2019, with no non-compliance incidents reported[147]. - The company has adhered to the corporate governance code principles as per GEM Listing Rules during the reporting period[146]. - The audit committee was established on October 24, 2017, consisting of three independent non-executive directors[151]. - The audit committee's main responsibilities include reviewing financial information, risk management, and internal control systems[151].

Financial Performance - For the fiscal year ending April 30, 2019, the company's revenue increased by approximately HKD 10.8 million or 7.1% to about HKD 162.0 million, compared to HKD 151.2 million in 2018[9] - Net profit for the same period rose to approximately HKD 23.4 million, up from HKD 7.4 million in 2018[9] - Revenue from Chinese customers increased from approximately HKD 47.0 million to about HKD 86.9 million year-on-year[13] - Sales revenue from LED decorative lighting products grew by approximately HKD 12.6 million or 10.2% to about HKD 132.9 million, compared to HKD 120.3 million in 2018[14] - Sales of the LED lighting series slightly decreased by approximately HKD 1.8 million or 5.8% to about HKD 29.1 million, down from HKD 30.9 million in 2018[14] - Gross profit increased by approximately HKD 6.3 million or 14.7% to about HKD 49.1 million, with the gross profit margin rising from approximately 28.3% to 30.3%[20] - Net profit for the year ended April 30, 2019, was approximately HKD 23.4 million, an increase of about HKD 16.0 million or 216.2% compared to the previous year[26] Risk Management and Strategic Planning - The company plans to broaden its product portfolio to strengthen its market position amid ongoing uncertainties from the US-China trade dispute[10] - The management will adopt a prudent and balanced risk management approach, regularly reviewing and adjusting business strategies[10] - The overall economic environment remains uncertain, with the US-China trade dispute posing a significant risk for the upcoming fiscal year[10] Production and Operations - The company upgraded its LED lighting production line, which was completed in October 2018[14] - The company is exploring the establishment of a new production line in Phnom Penh, Cambodia, to enhance competitiveness and stabilize export sales to North America[15] - The company upgraded 36 existing machines to enhance the production capacity of LED light beads[36] - A total of 3 new automatic welding machines were purchased for the production of LED decorative lights connected to mobile applications[36] - The group plans to upgrade existing production facilities to more energy-efficient equipment to enhance production efficiency at the Dongguan production base[115] - The group aims to strengthen its product R&D capabilities by hiring and training more design and technical professionals[120] Corporate Governance - The company has a strong focus on corporate governance, adhering to the principles outlined in the GEM Listing Rules Appendix 15, and believes it has complied with all code provisions during the reporting period ending April 30, 2019[58] - The management team has extensive experience in international marketing and project management, with key members holding significant positions in various companies and industries[53][54] - The board of directors includes independent non-executive members with over 20 years of experience in accounting and finance, enhancing the company's governance structure[48] - The company has established a remuneration committee to oversee executive compensation, ensuring alignment with performance and shareholder interests[48] - The board consists of three executive directors and three independent non-executive directors, complying with GEM listing rules[61] - The chairman and CEO roles are separated to ensure a balance of power and independent judgment within the board[63] Environmental and Social Responsibility - The group has established an environmental management system to identify significant environmental factors and monitor key environmental performance[121] - The group intends to enhance its knowledge property management by expanding the scope of new product design patents[120] - The group emphasizes the importance of employee engagement and has implemented industry standards such as AA1000 and SA8000 in its operations[120] - The group is committed to promoting sustainable development and social stability through its business growth initiatives[114] - The group has identified five key stakeholder concerns: employment, health and safety, intellectual property, customer service, and product/service quality[111] Employee Management - The total number of employees increased by 285% compared to the previous reporting period, reaching 810 employees as of April 30, 2019[143] - 64% of employees are full-time, while 36% are part-time seasonal workers[145] - Employee turnover rate was 78%, significantly up from 48.57% in the previous year[157] - The company provides competitive compensation and benefits to retain quality employees, including medical insurance and housing funds[153] - Total training hours for employees amounted to 1,112 hours, with an average of 1.37 hours per employee[171] Shareholder Relations - The company emphasizes effective communication with shareholders as key to enhancing investor relations and understanding business performance and strategies[103] - The company provides a website as a communication platform for shareholders and investors, offering information on business developments and operations[103] - The board and senior management will address shareholder questions during the annual general meeting, with auditors present to answer inquiries related to audit work[104] Financial Position and Capital Management - Total liabilities to equity ratio as of April 30, 2019, was approximately 0.06, indicating a low level of debt[27] - Cash and bank balances as of April 30, 2019, were approximately HKD 25.8 million, down from HKD 34.0 million the previous year[28] - The net proceeds from the IPO amounted to approximately HKD 30.1 million, with 55% allocated for upgrading production facilities[40] - The company did not declare a final dividend for the year ended April 30, 2019[187] - There were no distributable reserves available for shareholders as of April 30, 2019[196]

Financial Performance - For the nine months ended January 31, 2019, the group's revenue was approximately HKD 102.1 million, a decrease of about 12.9% compared to HKD 117.4 million for the same period in 2018[7]. - The gross profit for the nine months was approximately HKD 32.1 million, down about 5.0% from HKD 33.8 million in the previous year[7]. - The net profit for the period was approximately HKD 12.7 million, an increase of about 69.3% compared to HKD 7.5 million in the same period last year[7]. - The total comprehensive income for the nine months was HKD 8.8 million, down from HKD 10.5 million in the previous year[11]. - The group's total sales cost decreased by approximately HKD 13.6 million or 16.3% to about HKD 70.0 million for the nine months ended January 31, 2019, down from approximately HKD 83.6 million for the same period in 2018[47]. - The overall gross profit margin increased from approximately 28.8% for the nine months ended January 31, 2018, to approximately 31.5% for the same period in 2019, primarily due to higher sales profit margins from the LED decorative light series[48]. - The group's profit for the period was approximately HKD 12.7 million, an increase of about HKD 5.2 million or 69.3% compared to the previous year, mainly due to the absence of the one-time listing expense[54]. Revenue Breakdown - Revenue from external customers for the nine months ended January 31, 2019, was HKD 102,110, a decrease from HKD 117,367 in the same period of 2018, indicating a decline of about 12.9%[27]. - Revenue from the Chinese market increased significantly to HKD 48,840 for the nine months ended January 31, 2019, compared to HKD 21,482 in the previous year, marking a growth of approximately 127.5%[27]. - Revenue from Hong Kong decreased to HKD 8,213 from HKD 30,487, a decline of about 73.0% year-over-year[27]. - For the nine months ended January 31, 2019, the revenue from the LED decorative lighting series was approximately HKD 92.8 million, a decrease of about HKD 6.9 million or 6.9% compared to the same period in 2018 (HKD 99.7 million)[45]. - The revenue from the LED lighting series for the nine months ended January 31, 2019, was approximately HKD 9.3 million, a significant decrease of about HKD 8.4 million or 47.5% compared to the same period in 2018 (HKD 17.7 million)[46]. - Sales to North American customers for LED products decreased significantly by approximately 27.3% to about HKD 34.7 million for the nine months ended January 31, 2019, compared to HKD 47.7 million for the same period in 2018[41]. Expenses and Costs - The administrative expenses decreased significantly due to the absence of one-time listing expenses of HKD 9.8 million incurred in the previous year[7]. - The company's financing costs decreased by approximately HKD 1.3 million or 92.9% to about HKD 0.1 million for the nine months ended January 31, 2019, primarily due to a reduction in the average balance of bank borrowings during the period[53]. - Administrative expenses decreased by approximately HKD 6.4 million or 32.3% to about HKD 13.4 million for the nine months ended January 31, 2019, mainly due to the absence of a one-time listing expense of approximately HKD 9.8 million incurred in the previous year[52]. Dividends and Shareholder Information - The company did not declare an interim dividend for the nine months ended January 31, 2019, consistent with the previous year[8]. - The board decided not to declare an interim dividend for the nine months ended January 31, 2019, and there is currently no predetermined dividend payout ratio[54]. - Major shareholder Real Charm Corp holds 234,000,000 shares, representing approximately 46.8% of the company's equity[62]. - Major shareholder Wan Ke Chuang Jian Co., Ltd. holds 30,000,000 shares, representing approximately 6.0% of the company's equity[62]. Corporate Governance - The company is committed to maintaining high standards of corporate governance, which is essential for gaining and maintaining the trust of shareholders and stakeholders[73]. - The company has adhered to the corporate governance code as per GEM Listing Rules throughout the reporting period[73]. - There are no known conflicts of interest or competitive businesses held by directors or major shareholders as of January 31, 2019[68]. - The company has appointed a compliance advisor, and there are no interests that need to be disclosed under the GEM Listing Rules[71]. Strategic Focus and Developments - The company continues to focus on the design, manufacturing, and trading of LED lighting products, with no indication of diversifying into other business segments[26]. - The company plans to establish a new production line in Phnom Penh, Cambodia, which is expected to enhance competitiveness and improve export sales to North America[43]. - The company is focusing on developing and marketing smart lighting products in the mainland China market to mitigate the impact of the US-China trade dispute[42]. - The company has not reported any new product launches or technological advancements during this period[20]. - The company has not engaged in any mergers or acquisitions during the reported period[20]. Research and Development - The group incurred research and development expenses of HKD 42,000 during the reporting period[33]. Audit and Compliance - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ending January 31, 2019[79]. - The company has not granted any share options under the share option scheme since its adoption[75]. - The share option scheme is effective for a period of 10 years from November 16, 2017, unless otherwise cancelled or amended[74]. - The company has not identified any other individuals with interests in its shares that require disclosure under the Securities and Futures Ordinance[67].