Revenue and Profitability - Revenue for the year ended March 31, 2024, was HKD 87,603,000, an increase of 57% compared to HKD 55,761,000 in 2023[2] - Gross profit for the same period was HKD 9,030,000, up from HKD 2,115,000, representing a significant improvement[2] - The company reported a loss attributable to owners of the company of HKD 9,790,000, a reduction from HKD 24,564,000 in the previous year, indicating a 60% decrease in losses[2] - The company recorded a net loss before tax of HKD 10,424,000, an improvement from HKD 24,796,000 in the prior year[2] - The company reported a net other income of HKD 804,000 for the fiscal year[31] - The company reported a net loss of HKD 3,144,000 for the year, with a breakdown showing a loss of HKD 6,386,000 from engineering services and a loss of HKD 1,055,000 from financial services[156] - The group reported a total revenue of HKD 87,603 thousand for the year ending March 31, 2024, compared to HKD 55,761 thousand in the previous year, representing a year-over-year increase of 57%[179] Assets and Liabilities - Cash and bank balances increased to HKD 45,690,000 from HKD 5,915,000, showing a substantial growth in liquidity[3] - Trade and other receivables rose to HKD 23,280,000 from HKD 15,378,000, reflecting a 51% increase[3] - The total assets less current liabilities increased to HKD 73,808,000 from HKD 56,577,000, indicating a positive trend in asset management[3] - The total liabilities as of March 31, 2024, amounted to HKD 36,418,000, with current liabilities at HKD 7,089,000[33][35] - The total assets as of March 31, 2024, amounted to HKD 84,400,000, reflecting the company's financial position[128] - The group’s total assets amounted to HKD 90,712 thousand as of March 31, 2024[176] - The group’s current liabilities were reported at HKD 17,142 thousand, with non-current liabilities at HKD 9,244 thousand[176] Credit Quality and Risk Management - The expected credit loss provision for trade receivables decreased to HKD 332,000 from HKD 1,680,000, showing improved credit quality[2] - The company recognized an expected credit loss reversal of approximately HKD 174,000 for the fiscal year, compared to a provision of HKD 721,000 in the previous year[46] - The expected credit loss reversal for the year ended March 31, 2024, was approximately HKD 174,000, compared to an expected credit loss provision of about HKD 721,000 for 2023[96] - The group reported an increase in expected credit loss provisions of approximately HKD 575,000 during the year[96] - The maximum credit risk faced at each reporting date is represented by the carrying amount of the receivables, which are unsecured and interest-bearing at an annual rate of 9%[119] - The group has established guidelines for handling overdue loans and interest repayments, including monthly repayment notices to borrowers[100] - The group employs an internal credit assessment process to evaluate the credit quality of potential borrowers and determine credit limits[106] - The expected credit loss model is based on a probability-weighted estimate of credit losses, considering the characteristics of receivables and historical repayment records[112] - The group will regularly review overdue amounts and take follow-up actions to minimize credit risk[113] - The group has taken necessary measures to mitigate potential money laundering or terrorist financing risks associated with borrowers[94] Operational Performance - The company has not reported any new product launches or significant market expansions during the reporting period[2] - Revenue from design, renovation, and engineering services increased by approximately HKD 26,100,000, contributing to a total revenue increase of HKD 31,800,000 for the group[55] - The gross profit for the fiscal year increased by approximately HKD 6,900,000, primarily due to higher rental rates for construction equipment[56] - The rental income from construction equipment leasing has significantly increased due to rising demand driven by the Hong Kong government's push for public housing supply[78] - The financial services business revenue remained stable, showing no significant change compared to the previous year[79] - The group plans to reduce the scale of public housing maintenance and renovation projects, reallocating resources to seek other opportunities in design, renovation, and engineering services[61] - The group is actively exploring and developing business relationships with existing contractors and clients to enhance revenue sustainability in design, renovation, and engineering services[87] - The group anticipates that its securities business will provide comprehensive services by mid-2024, coinciding with the implementation of government initiatives[91] - The group has completed several projects/orders leading to a substantial increase in rental income from scaffolding equipment[88] Shareholder and Capital Management - The company completed a share placement of 37,627,200 new shares, representing approximately 20% of the issued share capital before the placement and 16.67% after[54] - The company issued 156,780,000 shares at an issue price of HKD 0.23 per share, raising approximately HKD 36,059,000 before expenses[122] - The current ratio improved to approximately 4.7 times as of March 31, 2024, up from 2.1 times in the previous year, primarily due to increased cash and bank balances from the rights issue[142] - The group aims to expand its securities business by enhancing licensing conditions and plans to raise approximately HKD 36,000,000 through a rights issue, with about HKD 20,000,000 allocated for compliance and platform upgrades[91] Administrative Expenses - The company’s administrative expenses included salaries and wages totaling HKD 7,505,000, down from HKD 11,159,000 in the previous year[43] - Administrative expenses decreased primarily due to reductions in advertising, employee costs, office expenses, and rent, leading to effective cost control[84]

Financial Performance - Revenue for the six months ended 30 September 2023 was HK$29,321,000, an increase of 16.5% compared to HK$25,190,000 for the same period in 2022[10]. - Gross profit for the six months ended 30 September 2023 was HK$5,748,000, representing a significant increase of 118.1% from HK$2,623,000 in the previous year[10]. - Loss before tax for the six months ended 30 September 2023 was HK$6,160,000, a reduction of 48.5% compared to HK$11,959,000 for the same period in 2022[12]. - Loss for the period attributable to owners of the Company was HK$6,160,000, down from HK$11,959,000 in the previous year, indicating improved financial performance[12]. - Basic and diluted loss per share for the six months ended 30 September 2023 was HK$0.04, compared to HK$0.08 for the same period in 2022[12]. - The Group's total comprehensive loss for the period attributable to owners of the Company was HK$6,142,000, down from HK$11,806,000 in the previous year[12]. - The company reported a loss for the period of HK$6,160,000 for the six months ended September 30, 2023, compared to a loss of HK$11,959,000 for the same period in 2022, indicating a 48.3% improvement[20]. - The Group recorded a loss of approximately HK$6.2 million for the six months ended September 30, 2023, a reduction from a loss of HK$12.0 million in the same period last year[161]. - The decrease in loss was attributed to an increase in gross profit and a reduction in expected credit loss allowances[162]. Revenue Breakdown - Revenue for the period includes income from design, fitting out, engineering, procurement services, rental services, wine sales, and interest income from money lending[44]. - The Group's revenue analysis for the period highlights income from various segments, including construction equipment leasing and fine wine sales[45]. - For the three months ended September 30, 2023, total segment revenue was HK$15,601,000, an increase of 15.8% compared to HK$13,474,000 in the same period of 2022[47]. - Revenue from design, fitting out, and engineering services for the six months ended September 30, 2023, was HK$20,409,000, slightly down by 1.5% from HK$20,710,000 in 2022[52]. - Rental and installation services income from leasing of construction equipment increased significantly to HK$7,193,000 for the six months ended September 30, 2023, up 84.5% from HK$3,901,000 in 2022[52]. - The sale of fine and rare wines generated revenue of HK$1,450,000 for the six months ended September 30, 2023, compared to HK$283,000 in the same period of 2022, marking a substantial increase of 413.5%[52]. - The financial services business segment generated revenue of HK$269,000 for the six months ended September 30, 2023, compared to HK$296,000 in the same period of 2022[54]. - The Group's total revenue increased primarily due to the growth in construction equipment leasing and wine merchandising businesses, while the design, fitting out, and engineering services revenue remained stable compared to the previous year[148]. Cost Management - Administrative expenses decreased to HK$12,390,000 for the six months ended 30 September 2023, down from HK$13,843,000 in the previous year, reflecting cost control measures[10]. - Central administrative costs for the six months ended September 30, 2023, amounted to HK$4,554,000, which reflects the company's ongoing operational expenses[54]. - The Group's total salaries, wages, and other benefits (excluding directors' emoluments) for the six months ended September 30, 2023, were HK$2,516,000, down from HK$2,857,000 in 2022, reflecting a 11.9% decrease[71]. - The Group's contribution to defined contribution plans (excluding directors) for the six months ended September 30, 2023, was HK$83,000, down from HK$123,000 in 2022, indicating a 32.5% decrease[71]. - Depreciation of property, plant, and equipment for the six months ended September 30, 2023, was approximately HK$3,103,000, down from HK$3,371,000 in 2022, showing an 8% decrease[72]. Assets and Liabilities - As of September 30, 2023, the total assets less current liabilities amounted to HK$48,763,000, a decrease of 13.9% from HK$56,577,000 as of March 31, 2023[17]. - The net current assets increased to HK$31,909,000, compared to HK$31,154,000 as of March 31, 2023, reflecting a growth of 2.4%[17]. - The total equity as of September 30, 2023, was HK$41,840,000, down from HK$47,982,000 as of March 31, 2023, reflecting a decrease of 12.8%[17]. - The company’s inventories increased to HK$1,619,000 as of September 30, 2023, from HK$1,304,000 as of March 31, 2023, marking a rise of 24.2%[17]. - The lease liabilities decreased significantly from HK$6,816,000 as of March 31, 2023, to HK$2,220,000 as of September 30, 2023, a reduction of 67.5%[17]. - The company’s trade and other payables increased to HK$21,321,000 as of September 30, 2023, from HK$19,320,000 as of March 31, 2023, indicating an increase of 10.4%[17]. - Total assets as of March 31, 2023, amounted to HK$73,599,000, while total liabilities were HK$31,759,000[57]. - The total liabilities for the financial position as of March 31, 2023, were HK$36,418,000[59]. Cash Flow and Investments - Cash and cash equivalents at the end of the period were HK$6,755,000, up from HK$5,915,000 at the beginning of the period, representing an increase of 14.2%[23]. - The company generated net cash from operating activities of HK$3,853,000 for the six months ended September 30, 2023, compared to a net cash used of HK$2,534,000 in the same period of 2022[23]. - The company’s cash flow from investing activities was HK$896,000 for the six months ended September 30, 2023, compared to HK$432,000 in the same period of 2022, showing an increase of 107.4%[23]. - The Group's cash and bank balances increased to HK$6,755,000 as of September 30, 2023, compared to HK$5,915,000 as of March 31, 2023, marking an increase of about 14.2%[115]. Strategic Initiatives - The Company continues to explore new strategies for market expansion and product development to enhance future performance[8]. - The Group is actively seeking new projects and negotiating with contractors to sustain its design, fitting out, and engineering services business[168]. - Management is actively negotiating new projects to improve the lease out rate and increase average rental prices to pre-COVID-19 levels[174]. - The Group aims to develop steady and sustainable business operations by building relationships with existing customers and seeking new contractors[175]. - The Group has received more sales orders in the wine business and will continue to seek potential customers[177]. Shareholder and Capital Management - The Company proposed a share consolidation where every five existing shares will be consolidated into one share and plans to raise approximately HK$36 million through a rights issue[124]. - The rights issue will involve the issuance of 156,780,000 rights shares at a subscription price of HK$0.23 per share[124]. - The Group did not recommend the payment of an interim dividend for the six months ended 30 September 2023, consistent with the previous year[85]. - The Group did not have any significant capital commitments as of the end of the reporting period[127]. Loan and Credit Management - The Group has established comprehensive money lending policies to ensure risk management and safeguard shareholders' interests[193]. - The loan application process includes document verification, credit risk assessment, and approval stages to ensure thorough evaluation[194]. - The Group considers the credit risk and the risk of breaching relevant laws regarding anti-money laundering to be relatively low, with measures in place to mitigate these risks[199]. - All loans must be approved on a case-by-case basis, including standardized know-your-customer procedures and due diligence processes[200].

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： ） 截至二零二三年九月三十日止六個月之 中期業績公告 仁德資源控股有限公司（「本公司」）董事會（分別為「董事」及「董事會」）宣佈本公司及其附屬公 司截至二零二三年九月三十日止六個月的未經審核中期業績。 本公告列載本公司截至二零二三年九月三十日止六個月之中期報告（「中期報告」）全文，符 GEM GEM 合香港聯合交易所有限公司 證券上市規則（「 上市規則」）中有關中期業績初步公告 GEM 附載資料的相關要求。載有 上市規則規定資料的中期報告的印刷版本，將於適當時候以 GEM 上市規則所規定方式寄發予本公司股東。 承董事會命 ...

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].