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].