Financial Performance - For the fiscal year 2021/22, the company reported a revenue increase of approximately 41.9% compared to the fiscal year ending March 31, 2021[11]. - For the fiscal year ending March 31, 2022, the company recorded revenue of approximately HKD 78.9 million, an increase of 41.9% from HKD 55.6 million for the previous fiscal year[24]. - The profit attributable to the company's owners for the fiscal year ending March 31, 2022, was approximately HKD 11.4 million, up from HKD 5.4 million in the previous year[24]. - Revenue from the sale of LED lighting devices increased by approximately 38.9%, from HKD 35.5 million to HKD 49.3 million[26]. - Revenue from integrated LED lighting solution services rose by approximately 32.5%, from HKD 15.7 million to HKD 20.8 million[27]. - Revenue from LED lighting system consulting and maintenance services surged by approximately 79.1%, from HKD 4.3 million to HKD 7.7 million[28]. - Sales of audio-visual systems increased by approximately 500.0%, from HKD 0.1 million to HKD 0.6 million[30]. - The company's cost of sales increased by approximately 38.5%, from HKD 27.3 million to HKD 37.8 million, consistent with revenue growth[33]. - Gross profit increased by approximately HKD 12.8 million or 45.2% to about HKD 41.1 million for the year ended March 31, 2022, with a gross margin rise from 50.9% to 52.1%[34]. - Other income decreased by approximately HKD 1.9 million or 67.9% to HKD 0.9 million due to the absence of a one-time government subsidy of HKD 2.1 million received in the previous year[35]. - Administrative expenses rose by approximately HKD 4.1 million or 17.2% to HKD 28.0 million, primarily due to increases in salaries, allowances, and sales commissions[36]. - Profit attributable to owners of the company increased to approximately HKD 11.4 million, up from HKD 5.4 million, driven by higher revenue and gross profit[41]. Business Expansion and Strategy - The company established a physical workshop named "dot 3D Factory" to enter the 3D printing solutions market, offering services including 3D printing, scanning, modeling, and sales of related materials[11]. - The company aims to continue focusing on enhancing its core business while exploring new business opportunities amid ongoing pandemic challenges and geopolitical tensions[12]. - The company has expanded its project budgets as clients adapt to the COVID-19 situation, contributing to revenue growth[26]. - The company has seen an increase in demand for maintenance services from clients, which has positively impacted revenue from consulting and maintenance services[28]. - The company plans to expand its 3D printing business by acquiring advanced 3D printing and scanning equipment and hiring high-quality talent[68]. Cash and Equity Position - As of March 31, 2022, the company had cash and bank balances totaling HKD 65.0 million, an increase from HKD 62.9 million in the previous year[48]. - The total equity attributable to owners of the company was approximately HKD 75.3 million, up from HKD 74.0 million in the previous year[51]. - The company raised a total of HKD 34.7 million from its IPO, with HKD 19.6 million utilized by March 31, 2022, leaving HKD 9.9 million unutilized[64]. Sustainability and Governance - The group has established a governance framework to integrate sustainability issues into core business operations[79]. - The group has formed an Environmental, Social, and Governance (ESG) Committee to ensure operations align with sustainability principles[79]. - The group has implemented a robust risk management system to address environmental, social, and governance risks[80]. - The group has set sustainability goals to monitor and reduce resource usage, maintaining paper and electricity consumption at minimal levels[81]. - Stakeholder engagement is crucial for the group to create value and respond to opportunities and challenges[85]. - The group conducts annual stakeholder feedback collection to adapt to changing expectations[87]. - The board is responsible for overseeing the overall strategy and development of the group, including risk management related to ESG issues[77]. Employee and Labor Practices - The company emphasizes the importance of health and safety for employees, implementing measures in response to COVID-19[81]. - The company has no reported non-compliance issues regarding labor standards, including child labor and forced labor[84]. - The company prohibits child labor and all forms of forced labor, ensuring compliance with labor and human rights standards[107]. - The company provided medical benefits plans for all employees who completed a three-month probation period[111]. - There were no cases of work-related injuries or fatalities during the reporting year, with a recorded absenteeism of 96.5 days[111]. - A total of 37 employees received 68 hours of training, covering topics such as business ethics, accounting, quality management, and the impact of COVID-19 on business and leadership[112]. Environmental Impact - The energy intensity in Hong Kong increased by 49.8% to 2.685 MWh per employee compared to the previous reporting year, attributed to the establishment of a 3D printing workshop[118]. - The energy intensity in China rose by 48.5% to 2.91 MWh per employee, reflecting increased usage of production facilities[118]. - The greenhouse gas emissions intensity for employees in Hong Kong was 13.0 tons of CO2 equivalent, up 19.3% from the previous year[120]. - Water consumption per employee in China increased from 0.21 tons to 0.24 tons, while in Hong Kong it decreased from 0.16 tons to 0.15 tons[121]. - The company aims to continue monitoring and reporting its carbon emissions annually to improve performance[120]. - The company implemented various energy-saving measures, including the installation of high-performance electrical equipment and the use of natural light[118]. - The company is committed to reducing its environmental impact through its green office policy, which includes measures for emission reduction and resource conservation[124]. - Total greenhouse gas emissions amounted to 482.4 tons of CO2 equivalent, with 407.5 tons attributed to indirect emissions[129]. - The company reported a 14.9% increase in non-hazardous waste generation, totaling 0.77 tons, primarily due to increased paper towel usage during COVID-19[132]. Corporate Governance - The board of directors confirmed adherence to corporate governance codes, ensuring accountability and transparency in operations[162]. - The company has established a code of conduct for directors regarding securities trading, ensuring compliance with trading standards[164]. - The company is actively reviewing its corporate governance structure to assess the need for separating the roles of chairman and CEO[163]. - The company has implemented a board diversity policy, emphasizing the importance of diverse skills, experiences, and perspectives in supporting business strategy execution[175]. - The board consists of five directors, including the executive chairman and CEO, with independent non-executive directors making up over one-third of the board[171]. - The independent auditor's fee for the annual audit service was HKD 598,000 for the year ending March 31, 2022, compared to HKD 570,000 for the previous year[187]. 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[196]. - The board will consider various factors before recommending dividends, including financial performance, retained earnings, working capital needs, and overall economic conditions[198]. - The board does not guarantee any specific dividend amount for any designated period and will review the dividend policy regularly[199].

( 於開曼群島註冊成立的有限公司） 股份代號 : 8136 China New Higher Education Group Limited 2021/22 第三季度報告 中國新高教集團有限公司 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM乃為較其他於聯交所上市的中小型公司帶有較高投資風險的公司提供一個上市的 市場。有意投資者應了解投資於該等公司的潛在風險，並應經過審慎周詳考慮後方作出 投資決定。 由於GEM上市公司普遍為中小型公司，於GEM買賣的證券可能會較於聯交所主板買賣 的證券承受較高的市場波動風險，同時無法保證於GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示概不對因本報告全部或任何部份內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 本報告乃遵照聯交所GEM 證券上市規則（「GEM 上市規則」）的規定提供有關英馬斯集 團控股有限公司（「本公司」，連同其附屬公司統稱「本集團」或「我們」）的資料，本公司 各董事（「董事」）願就本報告共同及個別承擔全部責任。董事經作出一切合理查詢後確 認，就 ...

Financial Performance - For the six months ended September 30, 2021, the group recorded unaudited total revenue of approximately HKD 44.3 million, an increase of approximately 135.6% compared to HKD 18.8 million for the same period in 2020[7]. - The group reported an unaudited profit attributable to owners of approximately HKD 13.3 million, a significant increase of approximately HKD 13.8 million from a loss of HKD 0.5 million for the same period in 2020[7]. - Revenue for the three months ended September 30, 2021, was HKD 23,023,000, a 216% increase from HKD 7,256,000 in the same period of 2020[65]. - The company reported a profit before tax of HKD 7,828,000 for the three months ended September 30, 2021, compared to a loss of HKD 1,850,000 in the same period of 2020[67]. - The company reported a net profit attributable to owners of HKD 13,292,000 for the six months, compared to a loss of HKD 546,000 in the same period of 2020[50]. Revenue Breakdown - Revenue from the sale of LED lighting devices increased from approximately HKD 13.4 million to approximately HKD 30.6 million, representing an increase of approximately 128.4% or HKD 17.2 million, driven by an increase in project numbers in China[12]. - Revenue from integrated LED lighting solution services rose from approximately HKD 3.1 million to approximately HKD 9.7 million, an increase of approximately 212.9% or HKD 6.6 million, due to increased demand from existing customers[15]. - The sales of LED lighting devices reached HKD 30,602,000 for the six months ended September 30, 2021, compared to HKD 13,394,000 in the same period of 2020, representing a 128% increase[65]. Cost and Expenses - Direct costs increased from approximately HKD 9.9 million to approximately HKD 17.9 million, an increase of approximately 80.8%, consistent with the revenue growth[17]. - Administrative expenses rose from approximately HKD 10.8 million to approximately HKD 12.0 million, an increase of approximately 11.1%[19]. - Employee costs for the six months ended September 30, 2021, totaled approximately HKD 11.2 million, an increase from HKD 10.5 million for the same period in 2020[37]. - The company incurred financing costs of HKD 81,000 for the six months ended September 30, 2021, down from HKD 99,000 in the same period of 2020[67]. Profitability Metrics - Gross profit increased from approximately HKD 8.9 million to approximately HKD 26.4 million, with the gross profit margin rising from 47.5% to 59.6%[17]. - The gross profit for the same period was HKD 26,417,000, compared to HKD 8,904,000 in 2020, indicating a gross margin improvement from 47.4% to 59.6%[50]. - The operating profit for the six months was HKD 15,438,000, a substantial increase from HKD 559,000 in the previous year[50]. Tax and Dividends - Income tax expenses increased significantly from approximately HKD 1.0 million to approximately HKD 2.1 million, primarily due to increased revenue from subsidiaries in Hong Kong and China[20]. - The board of directors did not recommend the payment of an interim dividend for the six months ended September 30, 2021[22]. - The company did not declare any dividends for the period, maintaining a focus on reinvestment and growth strategies[54]. Assets and Liabilities - As of September 30, 2021, the group's cash and bank balances totaled approximately HKD 71.1 million, an increase from HKD 62.9 million as of March 31, 2021[26]. - The net current assets as of September 30, 2021, were approximately HKD 67.7 million, compared to HKD 64.8 million as of March 31, 2021[26]. - Total equity attributable to the company's owners was approximately HKD 76.9 million as of September 30, 2021, up from HKD 74.0 million as of March 31, 2021[27]. - The company’s total equity as of September 30, 2021, reached HKD 76,909,000, compared to HKD 74,013,000 as of March 31, 2021, reflecting a growth of 3.9%[54]. - The company’s trade and other receivables decreased to HKD 11,425,000 as of September 30, 2021, from HKD 16,077,000 as of March 31, 2021, a decline of 29.1%[52]. Cash Flow and Liquidity - The net cash generated from operating activities for the six months ended September 30, 2021, was HKD 19,608,000, significantly up from HKD 3,099,000 in the same period of 2020, marking an increase of 532.5%[58]. - Cash and cash equivalents increased to HKD 71,133,000 as of September 30, 2021, from HKD 62,874,000 at the end of March 2021, indicating a rise of 13.5%[58]. - The group maintained a current ratio of 4.3 and a quick ratio of 4.0 as of September 30, 2021, down from 4.6 and 4.4 respectively as of March 31, 2021[24]. Future Plans and Strategies - The company anticipates continued growth despite uncertainties and challenges posed by the COVID-19 pandemic, particularly in the Asian market[49]. - The company aims to become a leading LED lighting solutions provider in Asia, leveraging financial resources from its successful IPO to expand its customer base and establish its own factory[49]. - The group plans to utilize approximately HKD 15.8 million of the remaining funds raised from the IPO according to the schedule disclosed in the prospectus[40]. Shareholder Information - Eight Dimensions holds 215,000,000 shares, representing 21.5% of the company[92]. - Garage Investment owns 490,000,000 shares, accounting for 49% of the total shares[92]. - Mr. Yang has a beneficial interest in 260,000,000 shares, which is 26% of the company[92]. - Ms. Kong Ying also holds 260,000,000 shares, equivalent to 26%[92]. - Ms. Wu Ying Si has a beneficial interest in 490,000,000 shares, representing 49%[92]. Compliance and Governance - The audit committee has reviewed the unaudited consolidated results for the six months ending September 30, 2021, ensuring compliance with applicable accounting standards[105]. - The company maintains sufficient public float as of the report date[104]. - There have been no significant subsequent events after the reporting period[102].

Financial Performance - For the three months ended June 30, 2021, the group recorded unaudited total revenue of approximately HKD 21.3 million, an increase of approximately 85.2% compared to HKD 11.5 million for the same period in 2020[8]. - The group reported an unaudited profit attributable to owners of the company of approximately HKD 5.5 million, representing an increase of approximately 319.0% from HKD 1.3 million for the same period in 2020[8]. - The operating profit for the three months ended June 30, 2021, was HKD 6.5 million, compared to HKD 1.7 million for the same period in 2020[9]. - The basic and diluted earnings per share for the period were HKD 0.55, compared to HKD 0.13 for the same period in 2020[9]. - Gross profit for the three months ended June 30, 2021, was HKD 12.1 million, up from HKD 6.1 million for the same period in 2020[9]. - The total comprehensive income attributable to owners of the company for the period was HKD 5.8 million, compared to HKD 1.5 million for the same period in 2020[9]. - The company's revenue for the three months ended June 30, 2021, was HKD 21,322,000, representing an increase of 85.5% compared to HKD 11,508,000 for the same period in 2020[21]. - Sales of LED lighting devices amounted to HKD 17,128,000, up from HKD 8,073,000, indicating a growth of 112.7% year-over-year[21]. - The gross profit before income tax for the three months ended June 30, 2021, was HKD 5,464,000, compared to HKD 1,304,000 for the same period in 2020, reflecting a significant increase of 319.5%[33]. - The profit attributable to the company's owners for the three months ended June 30, 2021, was approximately HKD 5.5 million, compared to HKD 1.3 million for the same period in 2020[38][44]. - Gross profit increased by approximately HKD 6.0 million or 98.4% to approximately HKD 12.1 million for the three months ended June 30, 2021, with a gross margin rising from approximately 52.7% to 56.9%[40]. Expenses and Costs - Administrative expenses for the period were HKD 5.8 million, slightly increased from HKD 5.6 million in the previous year[9]. - Employee benefits expenses, including director remuneration, totaled HKD 5,394,000, slightly up from HKD 5,364,000 in the prior year[27]. - The company incurred financing costs of HKD 44,000 for lease liabilities, a decrease from HKD 53,000 in the previous year[24]. - The total income tax expense for the three months ended June 30, 2021, was HKD 1,033,000, compared to HKD 358,000 for the same period in 2020, marking an increase of 187.5%[28]. - Income tax expenses rose by approximately HKD 0.6 million or 150% to approximately HKD 1.0 million for the three months ended June 30, 2021, due to increased revenue from subsidiaries in Hong Kong and China[43]. - The sales cost increased by approximately HKD 3.8 million or 70.4% to approximately HKD 9.2 million for the three months ended June 30, 2021, aligning with the revenue increase[40]. Corporate Governance and Compliance - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2021, and found them compliant with applicable accounting standards and GEM listing rules[67]. - The board is committed to maintaining high levels of corporate governance to enhance transparency and protect shareholder interests[62]. - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with trading standards[58]. - The company has established an audit committee to oversee financial reporting processes and internal control procedures[67]. - The company has not identified any competing businesses or conflicts of interest involving its directors or major shareholders[59]. - The company maintained sufficient public float as of the report date[64]. - There were no purchases, sales, or redemptions of the company's listed securities by the company or any of its subsidiaries during the three months ended June 30, 2021[61]. - There were no significant subsequent events occurring after the reporting period and up to the report date[63]. Business Strategy and Outlook - The company aims to become a leading LED lighting solutions provider in Asia, leveraging financial resources from its 2018 IPO to expand its customer base and establish its own factory for cost savings[46]. - The company anticipates continued growth in 2021 despite uncertainties and challenges posed by the COVID-19 pandemic, particularly in terms of transportation restrictions[46]. - The company has taken all possible emergency measures to mitigate the impact of the pandemic on its operations[46]. - The company operates primarily in the sale of LED lighting devices and audio-visual systems, providing integrated LED lighting solutions and maintenance services[15]. - The company has no independent operational segment financial data due to resource integration, reporting overall business performance instead[20]. Dividends and Shareholder Returns - The group did not recommend the payment of an interim dividend for the three months ended June 30, 2021[8]. - The company does not recommend the payment of an interim dividend for the three months ended June 30, 2021, consistent with the previous year[35][45]. Leadership and Management - The company’s chairman and CEO roles are held by the same individual, which the board believes benefits the group's business outlook and operational efficiency[62]. - The company did not grant any stock options under the stock option plan since its adoption[57].

Financial Performance - The company reported a revenue decrease of approximately 9.4% for the year ended March 31, 2021, compared to the previous year[13]. - The company reported revenue of approximately HKD 55.6 million for the year ended March 31, 2021, a decrease of about 9.4% from HKD 61.4 million for the year ended March 31, 2020[31]. - The profit attributable to the owners of the company increased to approximately HKD 5.4 million for the year ended March 31, 2021, compared to HKD 5.0 million for the previous year[24]. - Revenue from the sale of LED lighting devices decreased by approximately 32.3%, from HKD 52.4 million in 2020 to HKD 35.5 million in 2021[26]. - Revenue from integrated LED lighting solution services increased significantly by approximately 336.1%, from HKD 3.6 million in 2020 to HKD 15.7 million in 2021[27]. - Revenue from LED lighting system consulting and maintenance services decreased by approximately 18.9%, from HKD 5.3 million in 2020 to HKD 4.3 million in 2021[28]. - The company's gross profit decreased by approximately 13.5%, from HKD 32.7 million in 2020 to HKD 28.3 million in 2021[33]. - The gross profit margin decreased from approximately 53.2% in 2020 to about 50.9% in 2021[33]. - The sales cost decreased by approximately 4.9%, from HKD 28.7 million in 2020 to HKD 27.3 million in 2021[32]. - The company attributes the revenue decrease primarily to reduced sales of LED lighting devices due to clients cutting project budgets in response to the COVID-19 pandemic[26]. 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[13]. - The company anticipates that the new factory will enhance its competitiveness compared to rivals[13]. - The company plans to focus on expanding its integrated LED lighting solution services, which have shown significant growth[27]. - Other income increased by approximately HKD 2.2 million or 366.7% to HKD 2.8 million for the year ended March 31, 2021, primarily due to increased government subsidies[34]. - Administrative expenses decreased by approximately HKD 1.7 million or 6.6% to approximately HKD 23.9 million for the year ended March 31, 2021, mainly due to reductions in legal and professional fees and overseas travel expenses[35]. Cash Flow and Equity - Cash and bank balances amounted to HKD 62.9 million as of March 31, 2021, compared to HKD 63.3 million in 2020[47]. - Net current assets increased to approximately HKD 64.8 million as of March 31, 2021, from approximately HKD 57.4 million in 2020[49]. - Total equity attributable to owners of the company increased to approximately HKD 74.0 million as of March 31, 2021, from approximately HKD 66.8 million in 2020[50]. - The company proposed a final dividend of HKD 0.01 per ordinary share for the year ended March 31, 2021, compared to no dividend in 2020[41]. Sustainability and ESG Initiatives - The group emphasizes robust risk management as a core competitive advantage, with regular assessments conducted by the audit committee and external professionals[86]. - The group plans to establish an ESG working group to systematically evaluate sustainability performance and set relevant goals and indicators[86]. - The group has not identified any significant ESG issues during the reporting period, indicating effective management of these risks[89]. - The group aims to ensure the accuracy of key performance indicators by appointing professional consultants for carbon assessments[79]. - The group’s environmental, social, and governance report adheres to the guidelines set forth by the Hong Kong Stock Exchange, ensuring compliance and transparency[79]. - The group reported no non-compliance issues related to air and greenhouse gas emissions, waste disposal, or harmful waste generation[90]. - The group has established a product responsibility policy focusing on customer satisfaction, health and safety, and data privacy[104]. - The group is committed to responsible and fair business practices, including anti-corruption measures and supply chain management[98]. Employee and Community Engagement - The company has established a medical benefits plan for all employees who complete a three-month probation period[117]. - The company aims to revise its employment policies to incorporate diversity policies in the future[114]. - Total employee count at the Hong Kong headquarters is 37, with a male to female ratio of 2.36:1[142]. - New hires in the Hong Kong headquarters totaled 1, representing 2.7% of the total employee count[142]. - Employee turnover rate in the Hong Kong headquarters is 0%[144]. - The company is establishing a community investment policy to contribute to the communities where it operates through cash donations and volunteer activities[141]. Governance and Compliance - The company emphasizes the importance of corporate governance practices to enhance accountability and transparency to shareholders[167]. - The board of directors consists of five members, including the chairman and CEO, ensuring a balance of executive and non-executive directors[175]. - The company has adopted a board diversity policy to ensure a range of skills, experiences, and perspectives among board members[179]. - The company has established a code of conduct for directors regarding securities trading, confirming compliance for the fiscal year ending March 31, 2021[169]. - The company has implemented measures to prevent corruption, including policies on bribery, fraud, and money laundering[166]. - The board has authorized various committees to oversee specific responsibilities, ensuring effective management of the group's operations[172]. - The company provides training and development for directors to enhance their understanding of duties and responsibilities[178]. - The company has received annual confirmation of independence from all independent non-executive directors, ensuring compliance with governance standards[175]. Environmental Impact - The energy intensity in Hong Kong decreased by 23.3% to 1.792 MWh per employee compared to the previous reporting year, attributed to health and safety measures during the COVID-19 pandemic[125]. - The energy intensity in China increased by 22.6% to 1.959 MWh per employee due to the commencement of production facilities within the reporting year[125]. - The total greenhouse gas emissions for the Hong Kong headquarters amounted to 404.5 tons of CO2 equivalent, with 354 tons attributed to waste paper processing[136]. - The total greenhouse gas emissions for the China production facilities were 242.2 tons of CO2 equivalent, with 203.2 tons from other indirect emissions[136]. - The company plans to continue monitoring and reporting its carbon emissions annually to further improve performance[127]. - The company aims to implement more water-saving measures and collaborate closely with property management to obtain water consumption data[129]. - The company is developing sustainability goals and action plans to monitor and reduce resource usage in the future[140].

Financial Performance - For the nine months ended December 31, 2020, the group recorded unaudited total revenue of approximately HKD 37.6 million, a decrease of about 33.5% compared to the same period in 2019[8]. - The unaudited profit attributable to the owners of the company for the nine months ended December 31, 2020, was approximately HKD 4.8 million, a decrease of about 49.1% compared to the same period in 2019[8]. - The gross profit for the nine months ended December 31, 2020, was HKD 19.6 million, down from HKD 31.1 million in the same period of 2019, reflecting a decrease of approximately 37.0%[9]. - Operating profit for the nine months ended December 31, 2020, was HKD 5.8 million, compared to HKD 12.0 million for the same period in 2019, a decline of about 51.7%[9]. - The basic and diluted earnings per share for the nine months ended December 31, 2020, were HKD 0.48, down from HKD 0.94 in the same period of 2019[9]. - The total comprehensive income attributable to the owners of the company for the nine months ended December 31, 2020, was HKD 6.4 million, down from HKD 8.1 million in the same period of 2019[9]. - Revenue for the nine months ended December 31, 2020, was HKD 37,579,000, down from HKD 56,497,000 in the same period of 2019, indicating a decline of about 33.5%[21]. - The company reported a profit attributable to owners of the company of HKD 4,764,000 for the nine months ended December 31, 2020, compared to HKD 9,363,000 for the same period in 2019, reflecting a decline of approximately 49.1%[11]. Dividend and Retained Earnings - The board of directors did not recommend the payment of an interim dividend for the nine months ended December 31, 2020[8]. - The company did not recommend the payment of an interim dividend for the nine months ended December 31, 2020, consistent with the previous year[33]. - The company’s retained earnings increased to HKD 20,187,000 as of December 31, 2020, up from HKD 10,436,000 a year earlier, showing a growth of 93.1%[11]. Costs and Expenses - Employee benefits expenses, including director remuneration, increased to HKD 15.9 million for the nine months ended December 31, 2020, compared to HKD 14.3 million for the same period in 2019, reflecting a rise of 11.4%[24]. - The financing costs related to lease liabilities amounted to HKD 140,000 for the nine months ended December 31, 2020, compared to zero in the previous year[23]. - The depreciation of property, plant, and equipment for administrative expenses increased to HKD 1.0 million for the nine months ended December 31, 2020, from HKD 427,000 in the same period of 2019[23]. - The company reported a tax expense of HKD 934,000 for the nine months ended December 31, 2020, compared to HKD 2.7 million for the same period in 2019, indicating a decrease of 65.0%[27]. - The company incurred inventory costs recognized as expenses of HKD 10.9 million for the nine months ended December 31, 2020, down from HKD 22.2 million in the same period of 2019[23]. - Administrative expenses reduced from approximately HKD 19.4 million for the nine months ended December 31, 2019, to approximately HKD 16.7 million for the nine months ended December 31, 2020, a decrease of about HKD 2.7 million or 13.8%[39]. - Income tax expenses decreased from approximately HKD 2.7 million for the nine months ended December 31, 2019, to approximately HKD 0.9 million for the nine months ended December 31, 2020, a reduction of about HKD 1.8 million or 64.8%[40]. Foreign Exchange and Other Income - The group experienced a foreign exchange gain of HKD 1.6 million for the nine months ended December 31, 2020, compared to a loss of HKD 1.2 million in the same period of 2019[9]. - The foreign exchange difference from the translation of overseas operations contributed HKD 1,617,000 to the total comprehensive income for the nine months ended December 31, 2020[11]. Business Operations and Strategy - The company continues to focus on the sales of LED lighting devices and integrated LED lighting solutions, with no separate operational segment financial data presented[20]. - The company aims to become a leading LED lighting solutions provider in Asia, leveraging financial resources from its successful listing on the Hong Kong GEM[43]. - The company anticipates ongoing impacts from the COVID-19 pandemic on its operations and has implemented emergency measures to mitigate these effects[43]. - The company plans to expand its customer base and establish its own factory to achieve cost savings[43]. - The company recognizes the increasing domestic demand for luxury brands in China as a growth opportunity despite the challenges posed by the pandemic[43]. Governance and Compliance - The company has adopted new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the reported amounts for the period[17]. - The company has established an audit committee to oversee financial reporting and internal control processes[64]. - The board consists of executive and independent non-executive directors, ensuring a balance of power and checks[64]. - The chairman and CEO roles are held by the same individual, which the board believes benefits the company's operational efficiency[59]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the nine months ending December 31, 2020, confirming compliance with applicable accounting standards[64]. - The company maintains sufficient public float as of the report date[63]. - No directors or controlling shareholders have any competing business interests as of December 31, 2020[57]. - The company did not purchase, sell, or redeem any of its listed securities during the nine months ending December 31, 2020[58]. - The company has not granted any stock options under the stock option plan since its adoption[54]. - The board has adopted a code of conduct for securities trading, ensuring compliance with GEM Listing Rules[55]. Subsequent Events - There have been no significant subsequent events after the reporting period up to the date of this report[62].

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]