Financial Performance - Revenue for the three months ended June 30, 2023, was HK$13,720,000, an increase of 17.1% compared to HK$11,716,000 for the same period in 2022[10]. - Gross profit for the same period was HK$3,914,000, significantly up from HK$1,090,000, reflecting a gross profit margin improvement[10]. - Loss before tax decreased to HK$1,933,000 from HK$5,988,000 year-over-year, indicating a reduction in losses by approximately 67.7%[12]. - Total comprehensive loss attributable to owners of the Company for the period was HK$1,899,000, compared to HK$5,860,000 in the previous year, marking a 67.7% improvement[12]. - Basic and diluted loss per share for the period was HK$0.01, down from HK$0.04 in the same period last year[12]. - Administrative expenses decreased to HK$5,755,000 from HK$6,369,000, showing a reduction of approximately 9.6%[10]. - The Group's accumulated losses as of June 30, 2023, were HK$159,456,000, up from HK$157,523,000 at the beginning of the period[14]. - The total equity of the Group as of June 30, 2023, was HK$46,083,000, down from HK$47,982,000 at the start of the period[14]. - The Group's total revenue recognized at a point in time was HK$1,260,000 from the sale of fine and rare wines, and HK$9,330,000 from design services[37]. - The Group's loss for the period decreased to approximately HK$1,900,000, down by about HK$4,100,000 from HK$6,000,000 in the same period last year[98]. Revenue Breakdown - The Group's revenue for the three months ended June 30, 2023, includes income from design, fitting out, engineering, procurement of furnishings, rental and installation services, sale of fine wines, and interest income from money lending[31]. - Revenue from design, fitting out, and engineering services was HK$9,330,000, a decrease of 4.7% from HK$9,790,000 in the previous year[37]. - Revenue from leasing of construction equipment increased significantly to HK$2,996,000, up 80.3% from HK$1,660,000 in the prior year[37]. - Sale of fine and rare wines generated revenue of HK$1,260,000, a substantial increase from HK$125,000 in the same period last year[37]. - Revenue from public housing maintenance and refurbishment works amounted to approximately HK$8,300,000, an increase of about HK$1,100,000 compared to HK$7,200,000 in the previous year[104]. Expenses and Costs - Other income for the period was HK$244,000, compared to HK$353,000 in the previous year, reflecting a decline of 30.9%[10]. - Total finance costs decreased to HK$163,000 in Q1 2023 from HK$205,000 in Q1 2022, a reduction of approximately 20.49%[56]. - Salaries and wages included in cost of sales/services rendered decreased to HK$519,000 in Q1 2023 from HK$569,000 in Q1 2022, a decline of about 8.80%[58]. - Depreciation of property, plant, and equipment for Q1 2023 was approximately HK$1,549,000, down from HK$1,698,000 in Q1 2022, reflecting a decrease of about 8.80%[60]. - Loss before tax for the three months ended June 30, 2023, was impacted by various costs, including a total of HK$2,902,000 in salaries and wages[58]. Financial Position - The Group's net current assets were approximately HK$30.5 million as of June 30, 2023, compared to HK$31.2 million as of March 31, 2023[134]. - The current ratio remained stable at approximately 2.1 times as of June 30, 2023, with no material fluctuations during the period[134]. - Total equity attributable to owners of the Company was approximately HK$46.1 million as of June 30, 2023, down from HK$48.0 million as of March 31, 2023[137]. - The Group's total borrowings included lease liabilities of approximately HK$7.2 million and other borrowings of HK$5.0 million, with a gearing ratio of approximately 26.5%, down from 30.3%[138]. Governance and Compliance - The Company has established an audit committee, a remuneration committee, a nomination committee, and a compliance committee as per GEM Listing Rules[184]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2023, ensuring compliance with applicable accounting standards[189]. - The Company has complied with the Corporate Governance Code provisions, except for the separation of the roles of chairman and chief executive[185]. - The Group's financial reporting process, risk management, and internal control systems are supervised by the audit committee[188]. Future Outlook - The Group is actively seeking new projects and negotiating with contractors to improve the lease out rate of scaffolding equipment, which is expected to be a major source of income in the future[111]. - The Group plans to develop business relationships with existing contractors and customers to enhance income streams and sustainability in its design, fitting out, and engineering services business[106]. - The Group continues to seek potential contractors/customers to enhance the rental rate of scaffolding equipment[115]. Shareholder Information - The Group did not recommend any dividend for the three months ended June 30, 2023, consistent with the previous year[71]. - As of June 30, 2023, Hong Kong ChaoShang Group Limited held approximately 29.48% of the issued shares, totaling 46,221,600 shares[157]. - The total number of Shares issued and to be issued upon exercise of the Options granted and to be granted shall not exceed 1% of the total number of Shares in issue, which is 1,567,800 Shares as of June 30, 2023[167].

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公告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因 倚賴該等內容而引致之任何損失承擔任何責任。 Royal Century Resources Holdings Limited 仁德資源控股有限公司 （於香港註冊成立之有限公司） 8125 （股份代號： ） 截至二零二三年六月三十日止三個月之 第一季度業績公告 GEM GEM 香港聯合交易所有限公司（「聯交所」） （「 」）之特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比起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，並應經過審慎周 詳的考慮後方作出投資決定。 GEM GEM 由於 上市公司普遍為中小型公司，在 買賣的證券可能會較於聯交所主板買賣之證 GEM 券承受較大的市場波動風險，同時無法保證在 買賣的證券會有高流通量的市場。 ...

Financial Performance - The Group's turnover from design, fitting out, and engineering services increased from approximately HK$33.8 million in the previous year to approximately HK$45.9 million in the current year, indicating a growth of about 36.2%[16]. - Income from leasing construction equipment and related installation services decreased to approximately HK$6.8 million from approximately HK$13.3 million last year, representing a decline of about 48.9%[17]. - Turnover from the sourcing and merchandising of fine and rare wines amounted to approximately HK$2.5 million, down from approximately HK$10.0 million last year, reflecting a decrease of about 75%[18]. - The total revenue for the year ended March 31, 2023, was approximately HK$55.8 million, representing a decrease of about HK$1.9 million or 3.3% compared to the previous year[32][34]. - Revenue from design, fitting out, and engineering services increased to approximately HK$45.9 million from HK$33.8 million, marking an increase of about 36%[36][38]. - Revenue from leasing construction equipment decreased to approximately HK$6.8 million from HK$13.3 million, a decline of about 49%[36][38]. - Revenue from wine merchandising dropped to approximately HK$2.5 million from HK$10 million, a decrease of about 75%[36][38]. - The gross profit for the year was approximately HK$2.1 million, down from HK$9.9 million, representing a decrease of about HK$7.8 million[39][40]. - The Group recorded a loss for the year of approximately HK$24.6 million, an increase of approximately HK$3.5 million from the previous year's loss of HK$21.1 million[50]. - The gross profit of the Group decreased by approximately HK$7.8 million, primarily due to declines in the design, fitting out, and engineering services, as well as leasing of construction equipment[43]. Market Conditions - The Group's operations have been affected by the COVID-19 pandemic, leading to delays and postponements of certain projects, as well as changes in customer consumption sentiment[15]. - The overall business environment remains challenging due to increased competition in the industry[15]. - The economic recovery in Hong Kong is slow, impacting the Group's operational results[15]. - The Group anticipates that leasing construction equipment will become a sustainable income stream post-COVID-19 normalization[17]. - The demand for scaffolding equipment is expected to increase as the economic conditions improve, leading to more contracts/orders anticipated in the near future[24][28]. - The Group is optimistic about the recovery of the economic condition in Hong Kong and aims to secure more contracts in design and engineering services as well as construction equipment leasing[22][27]. Strategic Focus - The Group continues to focus on sustainable income streams, particularly from term contracts related to public housing refurbishment and maintenance services[16]. - The Group's strategic resource reallocation has prioritized design, fitting out, and engineering services over other business segments[18]. - The Group continues to seek new contracts and maintain relationships with existing customers to enhance its design, fitting out, and engineering services[56]. - The Group expects steady growth in revenue from public housing maintenance and refurbishment services, contributing to long-term income sustainability[56]. - The Group aims to broaden its income stream and strengthen sustainable development through strategic exploration and contractor negotiations[58]. Risk Management - The Group faces multiple risks and uncertainties that could impact its financial condition and operational performance, including business and operational risks[120]. - The Group's management is aware of potential future risks that may not be material now but could become significant later[120]. - The Group has established comprehensive money lending policies to ensure risk management and safeguard shareholders' interests[79]. - The Group's financial risk management policies are detailed in note 6(b) of the consolidated financial statements, indicating a structured approach to managing financial uncertainties[117]. Corporate Governance - The Company has complied with the Corporate Governance Code as set out in Appendix 15 to the GEM Listing Rules for the year ended March 31, 2023[145]. - The Company has established an audit committee, a remuneration committee, a nomination committee, and a compliance committee with specific written terms of reference[145]. - The Board currently comprises two executive Directors and three independent non-executive Directors[153]. - The principal function of the Board is to consider and approve the overall business plans and strategies of the Group[154]. - The Company has put in place internal policies to ensure compliance with the Corporate Governance Code[149]. - The Board will review the current structure and appoint a chief executive if a suitable candidate is identified[146]. Employee and Remuneration Policies - Total remuneration for the year ended March 31, 2023, was approximately HK$11.2 million, a slight decrease from HK$12.5 million in 2022[110]. - The Group's remuneration policies are based on individual performance and are reviewed regularly, with discretionary bonuses provided based on profitability[195]. - The Share Option Scheme was adopted to provide employees and directors with an opportunity to obtain equity interest in the Company[196]. - Details of the annual remuneration of senior management by band for the year ended March 31, 2023, were provided, emphasizing performance-based compensation[199]. - The Group employed 34 employees as of March 31, 2023, down from 37 in 2022, and continues to provide regular training to enhance workforce capabilities[109]. Environmental and Health Measures - The Group emphasizes environmental conservation and has implemented practices to comply with environmental legislation, as discussed in the Environmental, Social and Governance Report[118]. - The Group plans to periodically review its environmental practices and consider further eco-friendly measures in its operations[119]. - The Group has implemented various health and safety measures in response to the COVID-19 pandemic, including mandatory temperature checks and requiring negative test results from staff[115]. - The Group has established a comprehensive approach to health education regarding COVID-19 at its offices and worksites[123].

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公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不會對因本公告全部或任何部分內容而產生 或因倚賴該等內容而引致的任何損失承擔任何責任。 Royal Century Resources Holdings Limited 仁德資源控股有限公司 （於香港註冊成立之有限公司） 8125 （股份代號： ） 截至二零二三年三月三十一日止年度之 年度業績公告 仁德資源控股有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及其附屬公司截至 二零二三年三月三十一日止年度的經審核年度業績。 GEM 本公告列載本公司二零二三年度全年業績報告（「年報」）全文，符合聯交所 證券上市規則 GEM GEM （「 上市規則」）中有關年度業績初步公告附載資料的相關要求。載有 上市規則規定 GEM 資料的年報的印刷版本，將於適當時候以 上市規則所規定方式寄發予本公司股東。 承董事會命 仁德資源控股有限公司 ...

Financial Performance - Revenue for the nine months ended December 31, 2022, was HK$42,438,000, a decrease of 8.6% compared to HK$46,446,000 for the same period in 2021[9]. - Gross profit for the nine months ended December 31, 2022, was HK$4,130,000, down 54.0% from HK$8,974,000 in the previous year[9]. - Loss before tax for the nine months was HK$17,171,000, compared to a loss of HK$9,943,000 for the same period in 2021, representing a 72.5% increase in losses[11]. - Loss attributable to owners of the Company for the period was HK$17,171,000, which is a 72.5% increase from HK$9,943,000 in the prior year[11]. - Basic and diluted loss per share for the nine months was HK$0.11, compared to HK$0.06 for the same period in 2021[11]. - The Company reported a total comprehensive loss for the period attributable to owners of HK$17,030,000, compared to HK$9,946,000 in the previous year, indicating a 71.1% increase in comprehensive losses[11]. - The accumulated losses increased from HK$121,834,000 at the end of 2021 to HK$150,130,000 by December 31, 2022, reflecting a rise of about 23%[14]. - The Group recorded a loss of approximately HK$17 million for the nine months ended December 31, 2022, compared to a loss of approximately HK$9.9 million in the same period last year, reflecting an increase of approximately HK$7.1 million[97]. Revenue Breakdown - Revenue from design, fitting out, and engineering services for the nine months ended December 31, 2022, was HK$35,408,000, up from HK$26,828,000 in 2021, reflecting a growth of 32.1%[34]. - Revenue from leasing of construction equipment for the three months ended December 31, 2022, decreased to HK$1,600,000 from HK$4,261,000 in 2021, a decline of 62.5%[34]. - The sale of fine and rare wines generated revenue of HK$807,000 for the three months ended December 31, 2022, compared to HK$109,000 in 2021, marking a significant increase of 640.4%[34]. - Revenue generated from Hong Kong was approximately HK$41.5 million, down from HK$45.1 million in the previous year, while revenue from the PRC decreased from HK$1.3 million to HK$972,000[80]. - Revenue from public housing maintenance, improvement, and vacant flat refurbishment works amounted to approximately HK$27.4 million, representing an increase of approximately 119% compared to the last corresponding period[98]. Expenses and Costs - Administrative expenses increased to HK$20,276,000 for the nine months, up from HK$18,818,000 in the previous year, reflecting a rise of 7.7%[9]. - Finance costs for the nine months ended December 31, 2022, amounted to HK$621,000, up from HK$431,000 in the same period of 2021, indicating a rise of approximately 44%[47]. - The increase in loss was also due to a rise in project management fees by approximately HK$2.0 million and a one-off allowance for settlement of trade receivables of approximately HK$1.0 million[94]. - The Group's gross profit for the period was approximately HK$4.1 million, down by approximately HK$4.9 million from HK$9.0 million in the previous year, resulting in a gross profit margin of approximately 10%[85]. Compliance and Governance - The financial statements for the nine months ended December 31, 2022, were prepared in accordance with Hong Kong Financial Reporting Standards (HKFRSs) and GEM Listing Rules, ensuring compliance with regulatory requirements[17]. - The Group's auditor reported unqualified opinions on the consolidated financial statements for the year ended March 31, 2022, indicating a clean audit without significant issues[24]. - The Company has established an audit committee, a remuneration committee, a nomination committee, and a compliance committee in accordance with the GEM Listing Rules[186]. - The Audit Committee, comprising three independent non-executive directors, is responsible for reviewing the Group's financial reporting process and internal control systems[191]. Future Outlook - The Group expects steady growth in revenue from public housing maintenance, improvement, and vacant flat refurbishment works, which will provide a sustainable income stream in the long run[99]. - The Group is optimistic about the recovery of the local economy and the gradual increase in construction works over time following the relaxation of COVID-19 restrictions[106]. - The Group has commenced a waterproofing works and maintenance services contract from the Housing Authority, expected to be completed in the coming quarter or early next financial year[100]. Share Capital and Dividends - The Group's share capital as of 31 December 2022 was HK$205,523,000, with 156,780,000 ordinary shares issued and fully paid[67]. - No dividends were recommended for the nine months ended 31 December 2022, consistent with the previous year where no dividends were declared[63]. - The Group does not recommend the payment of any dividend for the nine months ended December 31, 2022[138]. Employee and Operational Metrics - As of December 31, 2022, the Group employed 35 employees, a decrease from 45 employees as of December 31, 2021[144]. - Total remuneration for the nine months ended December 31, 2022, was approximately HK$8.6 million, down from HK$9.1 million for the same period in 2021, primarily due to a decrease in staff numbers[145]. Risk Management - The Company has acknowledged the potential risks associated with investing in small and mid-sized companies listed on GEM, which may experience higher market volatility[2]. - The Group conducts regular reviews and follow-up actions on overdue amounts to minimize credit risk exposure[131]. - The Group's loan portfolio is monitored monthly, and an aging analysis of debtors is prepared to mitigate credit risk[131].

Rental Expenses - The company reported a total rental expense of HKD 975,000 related to office properties for the six months ended September 30, 2022, compared to HKD 0 for the same period in 2021[4] Commission Income - Commission income from related parties was recorded at HKD (24,000) for the six months ended September 30, 2022, a decrease from HKD (13,000) in the previous year[4] Financial Information Accuracy - The announcement clarifies that the financial information provided is accurate and complete, with no misleading or fraudulent elements[7]

Financial Performance - Revenue for the six months ended September 30, 2022, was HK$25,190,000, a decrease of 22.9% compared to HK$32,644,000 for the same period in 2021[9]. - Gross profit for the six months was HK$2,623,000, down 55.7% from HK$5,924,000 in the previous year[9]. - Loss before tax for the six months was HK$11,959,000, compared to a loss of HK$6,839,000 for the same period in 2021, representing a 75.5% increase in losses[11]. - Loss attributable to owners of the Company for the period was HK$11,959,000, compared to HK$6,839,000 in the previous year, indicating a significant increase in losses[11]. - Basic and diluted loss per share for the six months was HK$0.08, compared to HK$0.04 for the same period in 2021[11]. - The Company reported a total comprehensive loss for the period attributable to owners of the Company of HK$11,806,000, compared to HK$6,840,000 in the previous year[11]. - The Group recorded a loss for the period of approximately HK$12.0 million, an increase from HK$6.8 million in the same period last year[147]. - The increase in loss was attributed to a decrease in gross profit of approximately HK$3.3 million and an increase in project management fees of approximately HK$1.1 million[148]. Revenue Breakdown - The Group's revenue includes income from design, fitting out, engineering, rental services, sale of fine wines, and interest income from money lending[42]. - For the three months ended September 30, 2022, revenue from design, fitting out, and engineering services increased to HK$10,920,000, up 24.3% from HK$8,788,000 in the same period of 2021[45]. - Revenue from leasing of construction equipment for the six months ended September 30, 2022, was HK$3,901,000, down 43.0% from HK$6,852,000 in the same period of 2021[49]. - Revenue from the sale of fine and rare wines significantly decreased to HK$283,000 for the six months ended September 30, 2022, from HK$7,979,000 in the same period of 2021, representing a decline of 96.5%[49]. - The financial services segment generated revenue of HK$296,000 for the six months ended September 30, 2022, compared to HK$279,000 in the same period of 2021, indicating a slight increase[51]. - Revenue from design, fitting out and engineering services increased by approximately 18% to HK$20.7 million, up from HK$17.5 million in the previous year[134]. - The leasing of construction equipment business generated revenue of approximately HK$3.9 million, a decrease of approximately HK$3 million from HK$6.9 million in the last corresponding period[134]. - Revenue from wine merchandising dropped significantly from approximately HK$8.0 million to approximately HK$0.3 million due to resource reallocation[135]. Expenses and Costs - Administrative expenses increased to HK$13,843,000 for the six months, up from HK$12,562,000 in the previous year, reflecting a rise of 10.2%[9]. - The cost of inventories sold for the six months ended 30 September 2022 was HK$5,026,000, down from HK$9,740,000 in 2021, showing a decrease of 48.3%[68]. - The total salaries, wages, and other benefits (excluding directors' emoluments) for the six months ended 30 September 2022 were HK$2,857,000, down from HK$3,138,000 in 2021, indicating a decrease of 8.9%[68]. - Central administrative costs for the six months ended September 30, 2022, were HK$3,927,000, slightly lower than HK$4,887,000 in the same period of 2021[49]. - Depreciation of property, plant, and equipment for the six months ended 30 September 2022 was approximately HK$3,371,000, a slight decrease from HK$3,470,000 in 2021, representing a reduction of 2.9%[69]. Assets and Liabilities - As of September 30, 2022, total assets less current liabilities amounted to HK$74,021,000, a decrease from HK$82,320,000 as of March 31, 2022, reflecting a decline of approximately 10.5%[14]. - The net current assets as of September 30, 2022, were HK$12,609,000, down from HK$14,024,000 as of March 31, 2022, indicating a decrease of about 10.1%[14]. - The company’s total equity as of September 30, 2022, was HK$60,604,000, down from HK$72,410,000 as of March 31, 2022, indicating a decrease of approximately 16.3%[16]. - Total assets as of September 30, 2022, amounted to HK$91,328,000, a decrease from HK$102,214,000 as of March 31, 2022[55]. - Current assets as of September 30, 2022, were HK$22,413,000, compared to HK$26,644,000 for the same period in 2021, reflecting a decline of approximately 16.5%[61]. - Total liabilities as of September 30, 2022, were HK$30,724,000, slightly increased from HK$29,804,000 as of March 31, 2022[55]. - Non-current assets as of September 30, 2022, totaled HK$29,474,000, a decrease from HK$35,446,000 as of March 31, 2022[55]. - Current liabilities as of September 30, 2022, were HK$9,228,000, compared to HK$12,384,000 for the same period in 2021, indicating a decrease of approximately 25.5%[55]. Cash Flow and Financing - Cash and cash equivalents at the end of the period were HK$6,394,000, a decrease from HK$9,013,000 at the end of the same period in 2021, reflecting a decline of about 29.1%[22]. - The net cash used in operating activities for the six months ended September 30, 2022, was HK$2,534,000, an improvement compared to HK$3,228,000 for the same period in 2021[22]. - The Group's cash flow from financing activities for the six months ended September 30, 2022, was HK$2,311,000, a significant improvement from a cash outflow of HK$3,838,000 for the same period in 2021[22]. - The Group's borrowings included lease liabilities of approximately HK$13.0 million and interest-bearing borrowings of HK$5 million as of September 30, 2022[188]. - The gearing ratio was approximately 29.7% as of September 30, 2022, an increase from 14.5% on March 31, 2021, primarily due to increased interest-bearing borrowings[188]. Risk Management and Compliance - The Company has acknowledged the potential risks associated with investing in small and mid-sized companies listed on GEM, which may experience higher market volatility[2]. - The report confirms that the information provided is accurate and complete in all material respects, with no misleading or deceptive statements[5]. - The Group's financial statements are based on historical cost, except for investment properties measured at fair value[30]. - The Group has complied with the Companies Ordinance requirements for financial statement disclosures[31]. - The Group is assessing the impact of new/revised HKFRSs that are not yet effective, with management believing they will not significantly affect future financial statements[38][40]. Dividends and Share Capital - The Directors did not recommend the payment of an interim dividend for the six months ended September 30, 2022, consistent with the previous year[82]. - The total number of issued ordinary shares remained at 156,780,000 as of September 30, 2022[119].

Financial Performance - Revenue for the three months ended June 30, 2022, was HK$11,716,000, a decrease of 27.3% compared to HK$16,205,000 for the same period in 2021[9] - Gross profit for the same period was HK$1,090,000, down 60.0% from HK$2,720,000 in 2021[9] - Loss before tax increased to HK$5,988,000 for the three months ended June 30, 2022, compared to a loss of HK$3,430,000 in the prior year, representing a 74.5% increase[11] - Total comprehensive loss attributable to owners of the Company for the period was HK$5,860,000, compared to HK$3,431,000 in the same period last year, indicating a 70.9% increase[11] - Basic and diluted loss per share for the period was HK$0.04, compared to HK$0.02 in the previous year, reflecting a 100% increase in loss per share[11] - The Group's accumulated losses as of June 30, 2022, were HK$138,947,000, compared to HK$115,321,000 at the same time in 2021[13] - The Group reported a segment loss of HK$4,137,000 for the three months ended June 30, 2022, compared to a loss of HK$1,213,000 for the same period in 2021[44] - Loss attributable to owners of the Company for the three months ended June 30, 2022, was HK$5,988,000, compared to HK$3,430,000 in 2021[64] - The Group recorded a loss of approximately HK$6 million for the three months ended 30 June 2022, an increase of approximately HK$2.6 million from a loss of HK$3.4 million in the same period in 2021[101] Revenue Breakdown - The Group's revenue for the three months ended June 30, 2022, includes income from design, fitting out, engineering, procurement of furnishings, rental and installation services, sale of fine wines, and interest income from money lending[30] - Revenue from design, fitting out, and engineering services was HK$9,790,000, up 11.9% from HK$8,746,000 in the previous year[36] - Revenue from leasing construction equipment decreased to HK$1,660,000, down 50% from HK$3,325,000 year-on-year[36] - Sale of fine and rare wines generated revenue of HK$125,000, a significant decline of 96.9% from HK$3,991,000 in the same period last year[36] - Revenue from the leasing of construction equipment was approximately HK$1.7 million, down approximately HK$1.6 million from HK$3.3 million in the previous year, attributed to delays caused by COVID-19[86] - Revenue from the sourcing and merchandising of fine and rare wines dropped significantly to HK$125,000 from HK$3.99 million, a decrease of approximately HK$3.9 million[87] - Revenue from design, fitting out, and engineering services increased by approximately HK$1.0 million to approximately HK$9.8 million compared to HK$8.8 million in the previous year[89] Expenses and Costs - Administrative expenses for the three months ended June 30, 2022, were HK$6,369,000, slightly up from HK$6,230,000 in 2021[9] - Unallocated central administrative costs amounted to HK$1,972,000, contributing to the overall loss before tax of HK$5,988,000[41] - Total salaries and wages included in cost of sales/services rendered rose to HK$569,000 in 2022 from HK$420,000 in 2021[53] - Cost of inventories sold decreased significantly to HK$2,100,000 in 2022 from HK$4,848,000 in 2021, indicating improved inventory management[53] Financial Position - As of June 30, 2022, the Group's net current assets were approximately HK$15.0 million, an increase from HK$14.0 million as of March 31, 2022[121] - The current ratio improved to approximately 1.8 times as of June 30, 2022, compared to 1.7 times as of March 31, 2022[121] - Total equity attributable to owners of the Company decreased to approximately HK$66.6 million as of June 30, 2022, down from HK$72.4 million as of March 31, 2022[125] - The Group's gearing ratio increased to approximately 29.7% as of June 30, 2022, compared to 21.3% as of March 31, 2022, due to additional borrowings[126] Governance and Compliance - The financial statements have been prepared in accordance with Hong Kong Financial Reporting Standards (HKFRSs) and comply with the GEM Listing Rules[16] - The Group has adopted new/revised HKFRSs effective from April 1, 2022, but these have had no material effect on the reported amounts[28] - The auditor's report for the year ended March 31, 2022, was unqualified and did not contain any emphasis of matter[23] - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2022, ensuring compliance with applicable accounting standards and GEM Listing Rules[175] - The Company has established an audit committee, a remuneration committee, a nomination committee, and a compliance committee as per GEM Listing Rules[170] - The Company has adopted the principles and code provisions of the Corporate Governance Code to ensure proper regulation of business activities[170] - The Company has internal policies in place to ensure compliance with the Corporate Governance Code[173] Market and Future Outlook - The Company continues to face high market volatility risks associated with being listed on the GEM of the Stock Exchange of Hong Kong[2] - The Group is currently assessing the impact of new accounting standards that will be effective from January 1, 2023, but does not expect significant effects on the financial statements[32] - The Group is actively seeking new projects and negotiating with contractors to improve the lease out rate of scaffolding equipment[113] - The Group expects the leasing of scaffolding equipment to become a steady and sustainable business as the COVID-19 pandemic stabilizes and the local economy recovers[116] - Forward-looking statements regarding business development are not guaranteed to be attainable or accurate, and caution is advised for shareholders and potential investors[176] Shareholder Information - As of June 30, 2022, Hong Kong ChaoShang Group Limited holds 43,122,600 shares, representing approximately 27.57% of the issued shares[144] - The total number of shares available for issue under the share option scheme is 3,000,000 shares, which is 10% of the issued shares as of the listing date[153] - As of June 30, 2022, the total number of shares represented by options granted and to be granted under the scheme shall not exceed 1% of the total number of shares in issue, equating to 1,567,800 shares[154] - No share options have been granted by the company since the adoption of the share option scheme[155] - During the three months ended June 30, 2022, no directors dealt in the shares of the company[157] - During the three months ended June 30, 2022, the Company and its subsidiaries did not purchase, sell, or redeem any of the Company's securities[161] - The Company maintained the public float required by the GEM Listing Rules during the three months ended June 30, 2022[163] - No equity-linked agreements were entered into by the Group during the three months ended June 30, 2022[162]

Financial Performance - The Group recorded a turnover of approximately HK$57.7 million for the year ended 31 March 2022, representing a decrease of approximately 13.6% compared to the previous year[15]. - The Group incurred a loss of approximately HK$21.1 million, which included approximately HK$6.2 million from non-cash items such as allowances for expected credit loss and impairment of intangible assets[15]. - Revenue from design, fitting out, and engineering services decreased from approximately HK$36.8 million to approximately HK$33.8 million due to customer sentiment affected by the COVID-19 pandemic[16]. - Income from leasing construction equipment increased by approximately 54.7% to approximately HK$13.3 million compared to approximately HK$8.6 million in the previous year[17]. - The total revenue for the year ended March 31, 2022, was approximately HK$57.7 million, representing a decrease of about HK$9.1 million or 13.6% compared to the previous year[36]. - Revenue from the sourcing and merchandising of fine and rare wines decreased by approximately 51.5%, from HK$20.6 million in the previous year to HK$10.0 million[21]. - Gross profit for the year ended 31 March 2022 was approximately HK$9.9 million, a decrease of approximately 15.4% from HK$11.7 million in the previous year[43][46]. - The loss for the year was approximately HK$21.1 million, an increase of approximately HK$1.7 million compared to HK$19.4 million in the previous year[50][54]. - The revenue from public housing maintenance, improvement, and vacant flat refurbishment works amounted to approximately HK$15.8 million, representing a growth of approximately 135.8% compared to the previous year[56][59]. Impact of COVID-19 - The Group's operations were impacted by the COVID-19 pandemic, leading to delays and postponements of certain projects and affecting customer consumption[14]. - The overall economic slowdown and the erratic development of the COVID-19 pandemic have influenced the Group's performance[14]. - The Group's scaffolding equipment leasing business experienced a decline in lease-out rates in the last quarter due to project delays caused by the pandemic, but management is negotiating new projects to maintain lease rates[63]. - The management expects steady growth in rental income from the leasing of construction equipment once the COVID-19 pandemic stabilizes, positioning it as a major business segment in the coming years[64]. - The Group has implemented various health and safety measures in response to the COVID-19 pandemic, including mandatory mask-wearing and temperature checks at work sites[106]. - The Group encourages employee participation in the COVID-19 Vaccination Programme implemented by the Government of the HKSAR[106]. Business Strategy and Operations - The Group successfully bidded for new projects and explored new customers during the year[16]. - The Group continued to work on term contracts related to public housing refurbishment and maintenance subcontracting services[16]. - The Group expects leasing of construction equipment to be a sustainable income stream if the COVID-19 pandemic stabilizes, although a drop in rental income is anticipated in the coming quarter due to project delays[17]. - The Group is optimistic about the recovery of the economic condition in Hong Kong and plans to continue pursuing contracts in design, fitting out, engineering services, and construction equipment leasing[22]. - The Group is in negotiations for new term contracts and is seeking new contractors for both private and public sector projects[23]. - The Group is actively negotiating with contractors for new term contracts to expand operations in the design, fitting out, and engineering services business[58][59]. - The Group is actively negotiating with existing contractors to expand its project portfolio and enhance its brand reputation, aiming for sustainable revenue growth in the design and engineering services sector[60]. - The Group continues to focus on developing its core business while exploring other investment opportunities to broaden its revenue base[25]. Financial Position and Equity - As of March 31, 2022, the Group's net current assets were approximately HK$14.0 million, down from HK$25.0 million in the previous year, with cash and bank balances decreasing to HK$6.2 million from HK$16.7 million[71]. - The current ratio decreased to approximately 1.7 times as of March 31, 2022, from 2.4 times in the previous year, primarily due to reduced cash and bank balances[72]. - Total equity attributable to the owners of the Company decreased to approximately HK$72.4 million as of March 31, 2022, from HK$93.5 million in the previous year[73]. - The Group's gearing ratio increased to approximately 21.3% as of March 31, 2022, from 14.5% in the previous year, attributed to new lease liabilities and a drop in shareholder equity[74]. Corporate Governance - The company has adopted the principles and code provisions of the Corporate Governance Code to ensure proper regulation of business activities and decision-making processes[139]. - The company established an audit committee, a remuneration committee, a nomination committee, and a compliance committee in accordance with GEM Listing Rules[139]. - The role of chief executive has been vacant since February 21, 2020, but the division of responsibilities among directors has mitigated any material impact on operations[140]. - The company has complied with the Corporate Governance Code during the year ended March 31, 2022, except for the vacancy of the chief executive position[140]. - The board believes that incorporating good corporate governance elements can balance the interests of shareholders, customers, and employees[139]. - The Company has arranged appropriate insurance covering liabilities against Directors arising from corporate activities, reviewed annually[173]. - The Company ensures that newly appointed Directors receive comprehensive induction to understand business operations and their responsibilities[171]. - The Company complies with the CG Code regarding the separation of roles between the Chairman and CEO[169]. Human Resources - The Group employed 37 employees as of March 31, 2022, down from 43 in 2021, and continues to provide training to enhance workforce capabilities[94]. - All Directors participated in continuous professional development to enhance their knowledge and skills during the reporting period[172]. Environmental and Social Responsibility - The Group emphasizes environmental conservation and has implemented practices to comply with environmental legislation, with further details available in the Environmental, Social and Governance Report[108]. - The Group will periodically review its environmental practices and consider additional eco-friendly measures in its operations[109].

Financial Results - Royal Century Resources Holdings Limited reported its third-quarter results for the period ending December 31, 2021[2]. - The financial statements for the year ending March 31, 2021, are included as comparative data but do not constitute the statutory consolidated financial statements[4]. - The auditor's report for the group’s consolidated financial statements for the year ending March 31, 2021, was unqualified, with no emphasis of matter or other statements made[4]. Responsibility and Disclosure - The announcement confirms that the board of directors collectively and individually accepts responsibility for the accuracy and completeness of the information provided[6]. - The announcement will be published on the GEM website and the company's website for at least seven days from the date of publication[6].