Financial Performance - For the six months ended September 30, 2020, the group recorded unaudited total revenue of approximately HKD 18.8 million, a decrease of about 55.4% compared to HKD 42.1 million for the same period in 2019[9]. - The group reported an unaudited loss attributable to owners of approximately HKD 0.5 million, a decrease of about HKD 9.4 million from a profit of HKD 8.8 million for the same period in 2019[9]. - Revenue decreased from approximately HKD 42.1 million for the six months ended September 30, 2019, to about HKD 18.8 million for the six months ended September 30, 2020, a decline of approximately 55.4%[17]. - Gross profit fell from approximately HKD 22.8 million to about HKD 8.9 million, with the gross margin decreasing from 54.2% to 47.5%[18]. - Operating loss for the six months was HKD 559,000, compared to an operating profit of HKD 10,263,000 in the previous year[51]. - The company reported a net loss attributable to owners of HKD 546,000 for the six months, compared to a profit of HKD 8,810,000 in the same period last year[55]. - Revenue for the six months ended September 30, 2020, was HKD 18,764,000, a decrease of 55.4% compared to HKD 42,082,000 in 2019[65]. - Gross profit for the same period was HKD 8,904,000, down 61.0% from HKD 22,806,000 in 2019[51]. Revenue Breakdown - Revenue from the sale of LED lighting devices decreased from approximately HKD 37.8 million in the six months ended September 30, 2019, to approximately HKD 13.4 million in the same period in 2020, representing a decline of about 64.6% or HKD 24.4 million[13]. - Revenue from LED lighting system consulting and maintenance services increased from approximately HKD 2.0 million in the six months ended September 30, 2019, to approximately HKD 2.2 million in the same period in 2020, an increase of about 10.0% or HKD 0.2 million[15]. - Revenue from integrated LED lighting solution services rose from approximately HKD 2.2 million in the six months ended September 30, 2019, to approximately HKD 3.1 million in the same period in 2020, an increase of about 40.9% or HKD 0.9 million[16]. - Sales of LED lighting devices for the three months ended September 30, 2020, were HKD 5,321,000, down 76.1% from HKD 22,273,000 in 2019[65]. - Sales of audio-visual systems for the six months ended September 30, 2020, were HKD 37,000, compared to HKD 25,000 in 2019, indicating a growth of 48%[65]. Operational Challenges - The decline in sales revenue was primarily due to the impact of the COVID-19 pandemic, which led to operational suspensions and decreased sales[12]. - The group experienced delays in resuming production and returning employees to work, which increased operational costs[12]. - The COVID-19 pandemic has significantly impacted global economic activities, particularly in China, affecting the company's operations and requiring regular assessments of its overall impact[50]. - The company has faced delays in factory operations due to the need for further evaluation of the potential impacts of US-China trade tensions, pushing the factory's operational start from June 2018 to April 2020[45]. Financial Position - Cash and bank balances increased to approximately HKD 65.9 million as of September 30, 2020, compared to HKD 63.3 million as of March 31, 2020[28]. - Current ratio decreased from 5.6 to 4.1, and quick ratio decreased from 5.6 to 3.9 from March 31, 2020, to September 30, 2020[25]. - The total equity attributable to owners increased to approximately HKD 67.2 million as of September 30, 2020, from approximately HKD 66.8 million as of March 31, 2020[29]. - Total assets decreased to HKD 75,444,000 as of September 30, 2020, compared to HKD 69,705,000 as of March 31, 2020[53]. - The company’s non-current assets decreased to HKD 12,232,000 from HKD 13,230,000[53]. - The company’s total equity increased to HKD 67,234,000 as of September 30, 2020, from HKD 66,771,000 as of March 31, 2020[53]. Expenditure and Utilization of Funds - Capital expenditure for property, plant, and equipment was approximately HKD 5,000 for the six months ended September 30, 2020, down from approximately HKD 8.6 million for the year ended March 31, 2020[37]. - As of September 30, 2020, the company has utilized approximately HKD 27.4 million of the net proceeds from the IPO, with an unutilized amount of HKD 20.4 million remaining[45]. - The company plans to fully utilize the remaining funds for factory and employee dormitory rent and operational expenses by March 31, 2022[45]. - The actual amount used for recruiting high-quality employees was HKD 2.0 million as of September 30, 2020, with an unutilized amount of HKD 2.3 million expected to be used by March 31, 2022[46]. - The company has not yet utilized the HKD 13.0 million allocated for seeking suitable acquisitions, with plans to fully utilize it by December 31, 2022[47]. - The funds allocated for improving the enterprise resource planning system, amounting to HKD 2.0 million, remain unutilized, with expectations to use them by March 31, 2022[48]. Corporate Governance - The board does not recommend the payment of an interim dividend for the six months ended September 30, 2020[9]. - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with GEM listing rules[99]. - The audit committee has reviewed the unaudited consolidated results for the six months ended September 30, 2020, and found them compliant with applicable accounting standards and GEM listing rules[107]. - The audit committee consists of independent non-executive directors, including Mr. Zhu Xian Gan (Chairman), Dr. Li Hui Xin, and Mr. Xia Yao Rong[107]. - The board is committed to high levels of corporate governance to enhance transparency and protect shareholder interests[103]. Shareholder Information - Mr. Tan Yiming holds 490,000,000 shares, representing 49% of the company's equity[92]. - Eight Dimensions owns 260,000,000 shares, accounting for 26% of the company's equity[94]. - Garage Investment, fully owned by Mr. Tan, holds 490,000,000 shares, which is 49% of the total equity[94]. - Mr. Yang indirectly holds 260,000,000 shares through Eight Dimensions, also representing 26%[101]. - The total number of issued and fully paid ordinary shares remained at 1,000,000,000 as of both September 30, 2020, and March 31, 2020[86]. Miscellaneous - The company has not granted any stock options under the stock option plan since its adoption[98]. - No purchases, sales, or redemptions of the company's listed securities occurred during the six months ending September 30, 2020[102]. - The company maintains sufficient public float as of the report date[105]. - There have been no significant subsequent events following the report period up to the report date[104]. - The report was issued on November 9, 2020, by the Chairman and CEO, Mr. Tan Yi Ming[107].

Financial Performance - For the three months ended June 30, 2020, the group recorded unaudited total revenue of approximately HKD 11.5 million, a decrease of about 33.9% compared to HKD 17.4 million for the same period in 2019[7]. - The unaudited profit attributable to the owners of the company for the three months ended June 30, 2020, was approximately HKD 1.3 million, down approximately 55.2% from HKD 2.9 million in the same period of 2019[7]. - Gross profit for the three months ended June 30, 2020, was HKD 6.1 million, compared to HKD 9.8 million for the same period in 2019, reflecting a decrease of approximately 38.5%[8]. - Operating profit for the three months ended June 30, 2020, was HKD 1.7 million, down from HKD 4.3 million in the same period of 2019, representing a decline of approximately 59.8%[8]. - Total comprehensive income attributable to owners of the company for the three months ended June 30, 2020, was HKD 1.5 million, down from HKD 2.1 million in the same period of 2019[8]. - Revenue from the sale of LED lighting devices decreased to HKD 8.1 million from HKD 15.6 million, reflecting the impact of the COVID-19 pandemic[20][35]. - Sales cost decreased by approximately HKD 2.2 million or 28.9% to about HKD 5.4 million for the three months ended June 30, 2020, compared to HKD 7.6 million for the same period in 2019[36]. - Gross profit fell by approximately HKD 3.7 million or 37.8% to about HKD 6.1 million for the three months ended June 30, 2020, with a gross margin decline from approximately 56.5% to 52.7%[36]. - Net profit for the three months ended June 30, 2020, was approximately HKD 1.3 million, down from about HKD 2.9 million for the same period in 2019[40]. Dividend and Earnings Per Share - The board of directors did not recommend the payment of an interim dividend for the three months ended June 30, 2020[7]. - The company did not declare an interim dividend for the three months ended June 30, 2020, consistent with the previous year[32]. - The basic and diluted earnings per share for the three months ended June 30, 2020, were HKD 0.13, compared to HKD 0.29 for the same period in 2019[8]. - The company reported a basic earnings per share of HKD 0.0013, down from HKD 0.0029 in the previous year[31]. Administrative and Other Expenses - The group’s administrative expenses for the three months ended June 30, 2020, were HKD 5.6 million, slightly lower than HKD 5.7 million for the same period in 2019[8]. - Employee benefits expenses, including director remuneration, increased to HKD 5.4 million from HKD 4.6 million year-on-year[26]. - The company incurred financing costs of HKD 53,000 related to lease liabilities for the period[24]. - The tax expense for the period was HKD 358,000, a decrease from HKD 1.4 million in the same period last year[27]. - Administrative expenses decreased by approximately HKD 0.1 million or 1.8% to about HKD 5.6 million for the three months ended June 30, 2020[38]. - Income tax expenses decreased by approximately HKD 1.0 million or 71.4% to about HKD 0.4 million for the three months ended June 30, 2020[39]. Impact of COVID-19 - The financial results reflect the company's ongoing challenges due to the pandemic, impacting both revenue and profit margins[35]. - The COVID-19 pandemic has significantly impacted global economic activities, particularly in China, affecting the company's sales and operational costs[37]. - The company is regularly assessing the overall impact of the pandemic on its operations and has implemented emergency measures to mitigate these effects[42]. - The company anticipates that the pandemic will continue to affect its business throughout 2020[42]. Shareholding and Corporate Governance - Eight Dimensions holds 260,000,000 shares, representing 26% ownership in the company[51]. - Garage Investment owns 490,000,000 shares, accounting for 49% of the company's equity[51]. - Mr. Yang indirectly holds 260,000,000 shares through Eight Dimensions, which is wholly owned by him[52]. - No stock options have been granted under the stock option plan since its adoption[54]. - The company has established a code of conduct for directors regarding securities trading, ensuring compliance with GEM listing rules[55]. - There were no purchases, sales, or redemptions of the company's listed securities during the three months ending June 30, 2020[57]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the three months ending June 30, 2020, confirming compliance with applicable accounting standards[64]. - The company maintains sufficient public float as of the report date[63]. - There have been no significant subsequent events reported after the reporting period[62]. - The board believes the current structure does not undermine the balance of power between the board and management[61].

Financial Performance - The company recorded a revenue decrease of approximately 18.2% for the year ending March 31, 2020, compared to the previous year due to the impact of the COVID-19 pandemic[11]. - The company reported revenue of approximately HKD 61.4 million for the year ended March 31, 2020, a decrease of 18.2% from HKD 75.1 million for the year ended March 31, 2019[23]. - Profit attributable to the owners of the company decreased to approximately HKD 5.0 million for the year ended March 31, 2020, down from HKD 6.6 million for the previous year[23]. - Revenue from the sale of LED lighting devices decreased by approximately 24.1%, from HKD 69.0 million in 2019 to HKD 52.4 million in 2020[25]. - Revenue from integrated LED lighting solution services slightly increased by approximately 5.9%, from HKD 3.4 million in 2019 to HKD 3.6 million in 2020[26]. - Revenue from LED lighting system consulting and maintenance services increased significantly by approximately 103.8%, from HKD 2.6 million in 2019 to HKD 5.3 million in 2020[27]. - The company's gross profit decreased by approximately 14.2%, from HKD 38.1 million in 2019 to HKD 32.7 million in 2020, while the gross profit margin increased from approximately 50.8% to 53.2%[32]. - The cost of sales decreased by approximately 22.4%, from HKD 37.0 million in 2019 to HKD 28.7 million in 2020, consistent with the decrease in revenue[31]. Impact of COVID-19 - The company is taking all possible emergency measures to mitigate the impact of the COVID-19 pandemic on its operations[11]. - The challenging business environment was influenced by the US-China trade war and the COVID-19 pandemic, affecting overall economic activities in China[11]. - The management anticipates that the pandemic will continue to impact business operations in the second and third quarters of 2020[11]. - The company attributes the revenue decline primarily to reduced sales of LED lighting devices due to project suspensions in response to the COVID-19 pandemic[25]. - The company anticipates that the pandemic will affect its business operations in the second and third quarters of 2020 due to production and transportation restrictions[72]. Operational Developments - A new factory was established in Zhongshan, which commenced operations in April 2020, aimed at reducing costs and improving the quality of LED lighting products[12]. - The company is committed to enhancing competitiveness against rivals through the establishment of the new factory[12]. - The company has completed the renovation of the factory located in Zhongshan, which was delayed from June 2018 to April 2020[62]. - The company has completed the expansion and upgrading of its workshop and office facilities, achieving 100% of the planned expenditure in this area[60]. Financial Position - Current ratio improved to 5.6 for the year ended March 31, 2020, compared to 5.1 for the year ended March 31, 2019, driven by cash generated from operating activities[42]. - Cash and bank balances, along with fixed deposits, totaled approximately HKD 63.3 million as of March 31, 2020, compared to HKD 59.2 million as of March 31, 2019[44]. - Net current assets amounted to approximately HKD 57.4 million as of March 31, 2020, down from approximately HKD 63.3 million as of March 31, 2019[45]. - Total equity attributable to owners of the company increased to approximately HKD 66.8 million as of March 31, 2020, from approximately HKD 63.7 million as of March 31, 2019[46]. Governance and Compliance - The company’s board of directors has confirmed the accuracy and completeness of the information presented in the annual report[4]. - The company operates in a high-risk investment environment as a GEM-listed entity, which may experience higher market volatility[3]. - The board of directors consists of five members, including three independent non-executive directors, ensuring compliance with GEM listing rules[162]. - The company has implemented a code of conduct for directors regarding securities trading, confirming compliance for the fiscal year ending March 31, 2020[156]. - The company has a clear separation of responsibilities between the chairman and the CEO, enhancing governance and operational efficiency[155]. Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report covers the period from April 1, 2019, to March 31, 2020, focusing on sales of LED lighting devices and integrated solutions[74]. - The company has established a risk management and internal control system to manage risks, with regular assessments conducted by the audit committee and external professionals[82]. - The company has implemented measures to monitor employee health and safety, including temperature checks due to the COVID-19 pandemic[83]. - The company is committed to maintaining strong governance to integrate sustainability issues into its core business[82]. - The ESG report was reviewed and approved by the board on June 19, 2020, ensuring the accuracy and reliability of the information presented[79]. Employee and Community Engagement - The annual report highlights the importance of stakeholder support and employee contributions during challenging times[13]. - The company has established a community investment policy focusing on education, environment, labor needs, health, culture, and sports, allocating resources amounting to $500,000[152]. - Total employee count is 36, with a male to female ratio of 2.3:1[139]. - New hires accounted for 13.9% of total employees, with 5 new employees (3 male and 2 female)[139]. - Employee turnover rate is 8.3%, with a total of 3 employees leaving the company[140]. Customer Satisfaction and Product Responsibility - Customer satisfaction is a key performance indicator, with no complaints received regarding products or services in the reporting year[104][105]. - The group has implemented a product responsibility policy focusing on customer satisfaction, health and safety, and data privacy[101]. - The group has implemented a one-year warranty policy for products, allowing free returns for defective items within the warranty period[102]. - The company reported a total product recall percentage due to health and safety reasons at 2.5% of total products sold or shipped[152]. - The number of complaints received regarding products and services was 150, with a response rate of 95%[152].

Financial Performance - For the nine months ended December 31, 2019, the group recorded unaudited total revenue of approximately HKD 56.5 million, a decrease of about 1.9% compared to the same period in 2018[9] - The profit attributable to owners of the company for the nine months ended December 31, 2019, was approximately HKD 9.4 million, an increase of about 50.1% compared to the same period in 2018[9] - The group reported a gross profit of HKD 31.1 million for the nine months ended December 31, 2019, compared to HKD 29.1 million for the same period in 2018, reflecting an increase in gross profit margin[10] - The total comprehensive income for the nine months ended December 31, 2019, was HKD 8.1 million, compared to HKD 4.9 million for the same period in 2018, indicating a significant improvement[10] - The basic and diluted earnings per share for the nine months ended December 31, 2019, were HKD 0.94, compared to HKD 0.62 for the same period in 2018, representing a growth of approximately 51.6%[10] - Revenue for the nine months ended December 31, 2019, was HKD 56,497,000, slightly down from HKD 57,570,000 in the same period of 2018, indicating a decrease of 1.9%[19] - The company recognized a total comprehensive income of HKD 8,120,000 for the nine months ended December 31, 2019, compared to HKD 4,889,000 for the same period in 2018, reflecting a significant increase of 66.5%[12] - The profit attributable to the company's owners increased to approximately HKD 9.4 million for the nine months ended December 31, 2019, compared to HKD 6.2 million for the same period in 2018, reflecting an increase of approximately 51.6%[32] Cost Management - The direct costs for the nine months ended December 31, 2019, were HKD 25.4 million, down from HKD 28.4 million in the same period in 2018, indicating improved cost management[10] - The cost of goods sold for the nine months ended December 31, 2019, was HKD 22,158,000, down from HKD 23,987,000 in the previous year, representing a decrease of 7.6%[20] - Direct costs decreased by approximately HKD 3.1 million or 10.8% to about HKD 25.4 million for the nine months ended December 31, 2019, compared to HKD 28.4 million for the same period in 2018[29] Expenses - The administrative expenses for the nine months ended December 31, 2019, were HKD 19.4 million, slightly decreased from HKD 19.5 million in the same period in 2018[10] - Employee benefits expenses for the nine months ended December 31, 2019, were HKD 14,273,000, up from HKD 13,631,000 in 2018, marking an increase of 4.7%[21] - The company's income tax expense decreased by approximately HKD 1.0 million or 27.5% to about HKD 2.7 million for the nine months ended December 31, 2019, compared to HKD 3.7 million for the same period in 2018[31] - The company’s depreciation expense for the nine months ended December 31, 2019, was HKD 427,000, compared to HKD 329,000 in the previous year, indicating an increase of 29.8%[20] Shareholder Information - The board did not recommend the payment of an interim dividend for the nine months ended December 31, 2019[9] - The company does not recommend the payment of an interim dividend for the nine months ended December 31, 2019, consistent with the previous year[25] - Mr. Tan Yiming holds 490,000,000 shares (49%) through The Garage Investment Limited, which he fully owns[37] - Eight Dimensions Investment Limited and Mr. Yang Yuanteng collectively hold 750,000,000 shares, representing 75% of the total issued share capital[38] - The company has not granted any options under the share option scheme since its adoption[44] Corporate Governance - The board is committed to maintaining high levels of corporate governance to enhance transparency and protect shareholder interests[51] - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with GEM listing rules[45] - The company has appointed Huifu Financing Limited as a compliance advisor, confirming its independence[50] - No directors or major shareholders have any competing business interests as of December 31, 2019[48] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2019, and believes the performance complies with applicable accounting standards and GEM listing rules[57] - The audit committee consists of independent non-executive directors, including Mr. Zhu Xian Gan (Chairman), Dr. Li Hui Xin, and Mr. Xia Yao Rong[55] - The company maintains sufficient public float as of the report date[54] Market Environment - The ongoing US-China trade war has increased business uncertainty, particularly affecting metal prices due to tariffs on steel and aluminum[35] - The company anticipates that the increasing wealth of Chinese residents will attract luxury brands to enter the Chinese market, providing valuable opportunities for market penetration[36] - The management team is closely monitoring the potential impacts of the recent coronavirus outbreak on the business environment in Southeast Asia[35] Future Plans - The company aims to become a leading LED lighting solutions provider in Hong Kong and plans to establish its own factory to achieve cost savings[35] Other Information - There were no purchases, sales, or redemptions of the company's listed securities during the nine months ending December 31, 2019[49] - There have been no significant post-reporting events up to the report date[53]

Financial Performance - For the six months ended September 30, 2019, the group recorded unaudited total revenue of approximately HKD 42.1 million, an increase of about 8.2% compared to HKD 38.9 million for the same period in 2018[9]. - The group reported an unaudited profit attributable to owners of the company of approximately HKD 8.8 million, representing a significant increase of about 72.6% from HKD 5.1 million in the previous year[9]. - Revenue increased from approximately HKD 38.9 million for the six months ended September 30, 2018, to approximately HKD 42.1 million for the six months ended September 30, 2019, representing an increase of 8.2%[18]. - Gross profit rose from approximately HKD 20.3 million to approximately HKD 22.8 million, with the gross profit margin improving from 52.3% to 54.2%[19]. - Net profit attributable to the company's owners increased by 72.6% to approximately HKD 8.8 million for the six months ended September 30, 2019[22]. - Revenue for the six months ended September 30, 2019, was HKD 42,082,000, an increase of 8.0% compared to HKD 38,882,000 for the same period in 2018[49]. - Gross profit for the six months ended September 30, 2019, was HKD 22,806,000, representing a 12.2% increase from HKD 20,321,000 in the previous year[49]. - Profit attributable to owners of the company for the six months was HKD 8,810,000, up 72.5% from HKD 5,105,000 in the same period last year[49]. Revenue Breakdown - Revenue from the sale of LED lighting devices increased by 2.4% to approximately HKD 37.8 million, driven by an increase in project numbers in China[13]. - Revenue from LED lighting system consulting and maintenance services was approximately HKD 2.0 million, while integrated LED lighting solution services generated HKD 2.2 million[12]. - Sales of audio-visual systems remained stable at approximately HKD 0.1 million, accounting for 0.2% of total revenue[14]. - The total revenue for the six months ended September 30, 2019, accounted for 100% of the group's revenue, with LED lighting device sales making up 89.8% of total revenue[12]. - Sales of LED lighting devices accounted for HKD 37,843,000 of the total revenue, showing a slight increase from HKD 36,881,000 in the previous year[60]. Expenses and Costs - Direct costs increased by 3.9% to approximately HKD 19.3 million, consistent with revenue growth[19]. - Employee costs totaled approximately HKD 9.5 million for the six months ended September 30, 2019, compared to HKD 9.3 million for the same period in 2018[38]. - Administrative expenses for the six months were HKD 12,625,000, slightly up from HKD 12,331,000 in the previous year[49]. - The income tax expense for the six months ended September 30, 2019, was HKD 1,453,000, down from HKD 2,864,000 in 2018, a decrease of 49.3%[63]. Cash and Liquidity - The company recorded cash and bank balances of approximately HKD 62.0 million as of September 30, 2019, up from HKD 59.2 million as of March 31, 2019[27]. - Current ratio improved to 6.3 as of September 30, 2019, compared to 5.1 as of March 31, 2019[25]. - The company has no bank borrowings as of September 30, 2019, indicating a strong liquidity position[24]. - The company reported a net cash position of HKD 47,732,000, down from HKD 59,150,000, reflecting changes in cash management strategies[51]. - The company experienced a net cash outflow from investing activities of HKD 15,867,000, compared to HKD 513,000 in the previous year, reflecting increased investment in growth initiatives[55]. Capital Expenditures and Investments - The company made capital expenditures of approximately HKD 1.6 million during the period, significantly higher than HKD 0.1 million in the previous year[36]. - The company has spent HKD 1.0 million (27%) on purchasing CNC machines, 3D printers, and testing equipment, with a total planned expenditure of HKD 3.7 million[41]. - The company has completed 100% of its capital expenditure for furniture and equipment, amounting to HKD 1.0 million[41]. - The group purchased property, plant, and equipment at a cost of approximately HKD 1.6 million for the six months ended September 30, 2019, compared to HKD 0.1 million for the previous year[67]. - As of September 30, 2019, the group committed to purchase property, plant, and equipment amounting to approximately HKD 2.3 million, compared to zero as of March 31, 2019[77]. Corporate Governance - The company has appointed Huifu Financing Limited as its compliance advisor, which has declared its independence[89]. - The board is committed to maintaining a high level of corporate governance to enhance transparency and protect shareholder interests[90]. - The company has adopted the corporate governance code as per GEM listing rules, but deviates from the requirement to separate the roles of Chairman and CEO[90]. - The audit committee has reviewed the unaudited consolidated results for the six months ended September 30, 2019, and found them compliant with applicable accounting standards and GEM listing rules[95]. - The board includes both executive and independent non-executive directors, ensuring a balance of power and checks and balances[92]. Market Outlook and Strategy - The company aims to become a leading LED lighting solutions provider in Hong Kong, leveraging its financial resources from the IPO to expand its customer base[47]. - The company anticipates increasing domestic demand for luxury brands in China, which will drive demand for its products and services[47]. - The company is closely monitoring the potential impacts of the US-China trade war on its business, particularly regarding LED chip supply from the US[47]. - The company expects that the increasing wealth of Chinese residents will attract more luxury brands to enter the Chinese market, providing valuable opportunities for market penetration[48]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[49]. Shareholding and Management - Mr. Yang holds 260,000,000 shares (26%) through Eight Dimensions Investment Limited and 490,000,000 shares (49%) jointly with others[78]. - Mr. Tan holds 490,000,000 shares (49%) through The Garage Investment Limited and 260,000,000 shares (26%) jointly with others[78]. - A total of 750,000,000 shares, representing 75% of the company's issued share capital, are held by Mr. Yang and Mr. Tan through their respective controlled corporations[79]. - The company has not granted any options under the share option scheme since its adoption on December 22, 2017[85]. - For the six months ended September 30, 2019, the total remuneration for key management personnel was HKD 2,835,000, a decrease of 0.7% compared to HKD 2,856,000 for the same period in 2018[76].

Financial Performance - For the three months ended June 30, 2019, the group recorded unaudited total revenue of approximately HKD 17.4 million, an increase of about 15.7% compared to HKD 15.0 million for the same period in 2018[9]. - The group reported an unaudited profit attributable to owners of the company of approximately HKD 2.9 million, representing an increase of approximately 786.5% from HKD 0.3 million for the same period in 2018[9]. - The gross profit for the three months ended June 30, 2019, was HKD 9.8 million, compared to HKD 7.3 million for the same period in 2018, indicating a significant improvement in profitability[10]. - The basic and diluted earnings per share for the three months ended June 30, 2019, were HKD 0.29 cents, compared to HKD 0.03 cents for the same period in 2018[10]. - The net profit before tax for the three months ended June 30, 2019, was HKD 4.3 million, compared to HKD 1.6 million for the same period in 2018[10]. - The total comprehensive income attributable to owners of the company for the three months ended June 30, 2019, was HKD 2.1 million, compared to a loss of HKD 0.4 million for the same period in 2018[10]. - The company reported a profit of HKD 2,881,000 for the three months ended June 30, 2019, compared to HKD 325,000 for the same period in 2018, representing a significant increase[12]. - Revenue for the three months ended June 30, 2019, was HKD 17,376,000, up 15.1% from HKD 15,017,000 in the same period of 2018[20]. - The total comprehensive income for the period was HKD 2,118,000, compared to a loss of HKD 441,000 in the same period of 2018[12]. Costs and Expenses - Administrative expenses for the three months ended June 30, 2019, were HKD 5.7 million, slightly down from HKD 5.8 million in the previous year[10]. - The group’s direct costs for the three months ended June 30, 2019, were HKD 7.6 million, slightly down from HKD 7.7 million in the previous year[10]. - The cost of goods sold for the three months was HKD 6,504,000, slightly down from HKD 6,538,000 in the previous year[22]. - Employee benefits expenses totaled HKD 4,624,000, a marginal decrease from HKD 4,644,000 in the same period last year[23]. - The company incurred a tax expense of HKD 1,377,000 for the three months, compared to HKD 1,254,000 in 2018, reflecting a 9.8% increase[24]. - Direct costs decreased by approximately HKD 0.1 million or 1.4% to about HKD 7.6 million, attributed to negotiated price reductions with suppliers[30]. Dividends and Equity - The board of directors did not recommend the payment of an interim dividend for the three months ended June 30, 2019[9]. - The company’s total equity increased to HKD 65,804,000 as of June 30, 2019, up from HKD 60,019,000 a year earlier[12]. - The company does not recommend the payment of an interim dividend for the three months ended June 30, 2019, consistent with the previous year[26][35]. Market Position and Strategy - The company continues to focus on the sales of LED lighting devices and integrated solutions, indicating a stable market position[19]. - The company aims to become a leading LED lighting solutions provider in Hong Kong and plans to expand its customer base and establish its own factory to reduce costs[36]. - The ongoing US-China trade war poses uncertainties for the business, particularly due to increased metal prices affecting LED lighting costs[36]. - The company is exploring alternative sources for LED chips from Japan and South Korea to mitigate risks associated with US suppliers[36]. - The increasing wealth of Chinese residents is expected to attract luxury brands, providing opportunities for the company to penetrate the Chinese market further[37]. - The company maintains a cautious optimism regarding future growth supported by capital markets and global trends towards energy efficiency and environmental protection[37]. Shareholding and Governance - Eight Dimensions holds a beneficial interest of 260,000,000 shares, representing 26% of the company's equity[41]. - Garage Investment also holds a beneficial interest of 490,000,000 shares, representing 49% of the company's equity[41]. - A total of 750,000,000 shares, accounting for 75% of the issued share capital, are collectively held by Eight Dimensions and Garage Investment under a concert party agreement[43]. - The company has not granted any options under the share option scheme since its adoption on December 22, 2017[45]. - The board has established a compliance advisor, Huifu Finance Limited, which has declared its independence[49]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2019, ensuring compliance with applicable accounting standards[55]. - The company maintains sufficient public float as of the report date[54]. - There have been no significant subsequent events following the reporting period[53]. - The board believes that the current structure does not undermine the checks and balances between the board and management[52]. - The company has adopted the corporate governance code as per GEM listing rules, with a commitment to high levels of corporate governance[50].

Financial Performance - The company recorded a revenue increase of approximately 14% for the fiscal year ending March 31, 2019, compared to 2018[10] - The company recorded revenue of approximately HKD 75.1 million for the year ended March 31, 2019, representing an increase of 14.0% from HKD 65.9 million for the year ended March 31, 2018[25] - The profit attributable to the owners of the company increased to approximately HKD 6.6 million for the year ended March 31, 2019, compared to a loss of approximately HKD 3.5 million for the previous year[25] - Revenue from the sale of LED lighting devices increased by 15.6%, from approximately HKD 59.7 million to approximately HKD 69.0 million[28] - Revenue from integrated LED lighting solution services rose by 70.0%, from approximately HKD 2.0 million to approximately HKD 3.4 million[29] - Revenue from LED lighting system consulting and maintenance services slightly increased from approximately HKD 2.5 million to approximately HKD 2.6 million[30] - Revenue from the sale of audio-visual systems decreased by approximately 94.1%, from approximately HKD 1.7 million to approximately HKD 0.1 million[33] - Direct costs increased by 17.1%, from approximately HKD 31.6 million to approximately HKD 37.0 million, consistent with the increase in revenue[35] - Gross profit increased by approximately HKD 3.7 million or 10.8% to approximately HKD 38.1 million[36] - Other income and gains increased by approximately HKD 34,000 or 42.0% to HKD 115,000, primarily due to foreign exchange gains of approximately HKD 68,000[37] - The overall administrative expenses increased due to higher salaries and professional fees, partially offsetting the profit increase[25] - Income tax expenses increased by HKD 2.3 million or 60.5% to approximately HKD 6.1 million due to higher taxable profits from subsidiaries in China[43] Business Strategy and Expansion - The company plans to establish a new factory in Zhongshan, aiming to reduce costs and improve the quality of its LED lighting products, with production expected to start in Q4 2019[10] - The company is actively seeking business and investment opportunities in China and the Asia-Pacific region to expand its business network[11] - The company attributes the revenue increase primarily to the rise in sales of LED lighting devices due to the establishment of flagship stores by well-known brands in China[28] - The company plans to focus resources on the sale of LED lighting devices, reallocating from other segments[33] - The company aims to become a leading LED lighting solution provider in Hong Kong, leveraging sufficient financial resources from the IPO to expand its customer base and establish its own factory for cost savings[79] - The company is exploring alternative sources for LED chips from Japan and South Korea to mitigate risks associated with US suppliers[82] - The company anticipates that the increasing wealth of Chinese residents will attract luxury brands to enter the Chinese market, providing valuable opportunities for market penetration[82] - The company is actively identifying potential acquisition targets as part of its growth strategy[74] Sustainability and Environmental Impact - The group reported a reduction in electricity consumption to 64.8 MWh, a decrease of nearly 3% compared to the previous reporting year[101] - The group has adopted a green office policy to enhance energy efficiency, including measures such as turning off unnecessary lights and installing heat insulation films[101] - The group is committed to improving its environmental data management measures in future reporting years due to the inability to provide water consumption data this year[104] - The group plans to establish resource-saving targets and appropriate action plans in the next reporting year to reflect progress in reducing resource consumption[105] - The group emphasizes the importance of effective risk management for long-term growth and sustainability, with a focus on integrating environmental, social, and governance issues into risk assessments[99] - The group has selected resource usage, development and training, and community investment as key areas for disclosure in its environmental, social, and governance report[95] - The group emitted 588.7 tons of greenhouse gases during the reporting year, with paper processing being the largest source, accounting for 79.6% of total emissions[107] - The group has implemented measures to reduce paper and electricity consumption as part of its climate change response[107] - The group has no violations related to emissions and pollution during the reporting year, adhering to all relevant environmental laws and regulations[109] Employee Engagement and Corporate Governance - The percentage of trained employees decreased from 9% in the previous year to 8% in the reporting year[112] - Employee turnover rate increased from 6% to 12% in the reporting year, indicating a need for improved employee engagement measures[116] - The group has established a comprehensive occupational health and safety management policy to ensure employee safety[117] - The company has a commitment to sustainability, aiming to reduce packaging materials and energy consumption in collaboration with suppliers[126] - The company emphasizes policies on equal opportunities, diversity, and anti-discrimination in its employment practices[147] - The corporate governance report indicates compliance with GEM listing rules and emphasizes accountability and transparency to shareholders[152] - The board of directors is composed of five members, including three independent non-executive directors, ensuring over one-third of the board is independent[160] - The company has adopted a board diversity policy to enhance the skills, experience, and perspectives of its members, supporting business strategy execution[164] - The board has established a nomination policy to guide the nomination, evaluation, and removal of board members, ensuring a balanced composition[165] - The company has implemented a code of conduct for directors regarding securities trading, confirming compliance with trading standards[154] Risk Management and Internal Control - The company has a risk management and internal control system in place, which is independently reviewed to assess its effectiveness[183] - The board believes that the internal control and risk management systems are effective and adequate based on the recommendations from the independent review[181] - The company has no internal audit function but has appointed external professionals to conduct internal audits[180] - The company engaged Zhonghui Anda Risk Management Limited to independently review and assess the effectiveness of its risk management and internal control systems[181] Shareholder Communication and Dividend Policy - The company adopted a dividend policy on January 30, 2019, allowing shareholders to share in profits while retaining liquidity for future growth opportunities[186] - The board will consider actual and expected financial performance, retained earnings, and capital expenditure needs when deciding on dividend payments[187] - The company promotes investor relations and communication with existing shareholders and potential investors[197] - The company provides multiple channels for shareholder communication, including printed and electronic reports available on its website[194] - The board will continuously review the dividend policy and does not guarantee any specific amount of dividends for any designated period[189]

Financial Performance - For the nine months ended December 31, 2018, the group recorded unaudited total revenue of approximately HKD 57.6 million, an increase of about 22.6% compared to the same period in 2017[9]. - The group reported an unaudited profit attributable to owners of the company of approximately HKD 6.2 million for the nine months ended December 31, 2018, representing an increase of approximately 416.7% compared to the same period in 2017[9]. - For the three months ended December 31, 2018, the group achieved revenue of HKD 18.7 million, compared to HKD 12.4 million for the same period in 2017, marking a year-on-year increase of approximately 50.5%[10]. - The gross profit for the nine months ended December 31, 2018, was HKD 29.1 million, up from HKD 24.2 million in the same period of 2017, reflecting a growth of approximately 20.5%[10]. - The total comprehensive income for the nine months ended December 31, 2018, was HKD 4.9 million, compared to HKD 1.4 million for the same period in 2017, representing an increase of approximately 250%[10]. - The company reported a profit attributable to owners of HKD 6,237,000 for the nine months ended December 31, 2018, compared to HKD 1,192,000 in the previous year, showing a substantial increase[12]. Revenue Breakdown - Revenue from the sale of LED lighting devices reached HKD 52,117,000 for the nine months ended December 31, 2018, up 17.5% from HKD 44,368,000 in the previous year[19]. - The company’s revenue from integrated LED lighting solution services was HKD 2,565,000 for the nine months ended December 31, 2018, compared to HKD 1,951,000 in the previous year, reflecting a growth of 31.4%[19]. - The company’s revenue from LED lighting system consulting and maintenance services increased to HKD 2,807,000 for the nine months ended December 31, 2018, compared to HKD 571,000 in the previous year, indicating a significant growth[19]. - Revenue from LED lighting consulting and maintenance services increased significantly to HKD 2.8 million for the nine months ended December 31, 2018, from HKD 0.6 million for the same period in 2017[33]. Expenses and Costs - The administrative expenses for the nine months ended December 31, 2018, were HKD 19.5 million, compared to HKD 13.5 million for the same period in 2017, indicating an increase of approximately 44.6%[10]. - The cost of goods sold for the nine months ended December 31, 2018, was HKD 23,987,000, an increase from HKD 19,177,000 in the previous year, indicating a rise of 25.5%[20]. - Employee benefits expenses totaled HKD 13,631,000 for the nine months ended December 31, 2018, compared to HKD 10,490,000 in the same period of 2017, marking a 30.5% increase[21]. - The income tax expense for the nine months ended December 31, 2018, was HKD 3.7 million, up from HKD 1.9 million for the same period in 2017, primarily due to increased revenue from projects in China[38]. Dividends and Shareholder Information - The group did not recommend the payment of an interim dividend for the nine months ended December 31, 2018[9]. - Major shareholders include Eight Dimensions with 337,500,000 shares (33.75%) and Garage Investment with 412,500,000 shares (41.25%)[43]. - A total of 750,000,000 shares, representing 75.00% of the company's issued share capital, are held by Eight Dimensions and Garage Investment under a concert party agreement[47]. Corporate Governance - The board is committed to maintaining high levels of corporate governance to enhance transparency and protect shareholder interests[54]. - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, but deviates from the requirement that the roles of chairman and CEO should be separated[54]. - The board believes that having the founder, Mr. Tan, serve as both chairman and CEO is beneficial for the group's business prospects and operational efficiency[56]. - The audit committee consists of independent non-executive directors, ensuring effective oversight of financial reporting processes[59]. - The board will continue to review the effectiveness of the corporate governance structure to assess the need for separating the roles of chairman and CEO[56]. Market Outlook and Challenges - The official Purchasing Managers' Index in mainland China fell below 50.0 to 49.4 in December 2018, indicating economic slowdown[41]. - The company aims to become a major player in the Hong Kong LED lighting solutions market by strengthening relationships with existing luxury brands and expanding regional coverage[41]. - The company anticipates facing various challenges in the future but is confident in its experienced team to create shareholder value[41].