Revenue and Profitability - The company's revenue from corporate financing, asset management, and other consulting services increased to HKD 21,876,000 in 2024 from HKD 16,330,000 in 2023, representing a growth of 34.5%[11] - The company reported a total of HKD 51,983,000 in revenue for the year, compared to HKD 47,791,000 in the previous year, indicating an increase of 8.6%[11] - For the fiscal year ending March 31, 2024, total revenue was HKD 51,983,000, an increase from HKD 47,791,000 in the previous year, representing a growth of approximately 8.8%[28] - The profit from the consulting, advisory, and asset management segment was HKD 12,630,000, up from HKD 8,912,000, indicating a year-over-year increase of about 41.5%[28] - The group's pre-tax profit for the year was HKD 19,782,000, an increase from HKD 15,524,000, marking a growth of around 27.5%[28] - The reported profit attributable to the company's owners was HKD 12,626,000, compared to HKD 9,878,000 in the prior year, reflecting a growth of 27.9%[44] - The annual profit attributable to the company's owners reached HKD 13,497,000, an increase of 25.3% from HKD 10,774,000 in the previous year[84] - The company achieved a basic profit attributable to owners of HKD 9,000,000 in fiscal year 2024, reflecting a growth of 28.2% compared to HKD 7,000,000 in fiscal year 2023[173] Rental Income and Property Management - Total rental income from investment properties decreased to HKD 30,107,000 in 2024 from HKD 31,461,000 in 2023, a decline of 4.3%[11] - Net rental income for the year was HKD 20,246,000, down from HKD 21,437,000 in the previous year, reflecting a decrease of 5.5%[11] - The company's self-operated investment properties generated rental income of HKD 30,100,000 in fiscal year 2024, a decrease from HKD 31,500,000 in fiscal year 2023, attributed to the depreciation of the Japanese yen against the Hong Kong dollar[158] - The company maintained rental income from its Hong Kong commercial properties at HKD 1,500,000, consistent with fiscal year 2023[187] Assets and Liabilities - The company’s total assets as of March 31, 2024, were HKD 380,036,000, with non-controlling interests amounting to HKD 12,933,000[1] - The company’s total liabilities decreased to HKD 122,302,000 as of March 31, 2024, compared to HKD 80,670,000 in the previous year[1] - Total assets as of March 31, 2024, were HKD 586,300,000, down from HKD 630,020,000 in the previous year[44] - Total liabilities decreased to HKD 193,331,000 from HKD 207,715,000, indicating a reduction of 6.9%[44] - The net current liabilities decreased from HKD 36,600,000 in FY2023 to HKD 15,400,000 in FY2024, attributed to higher current assets and reduced bank borrowings[197] Financial Position and Equity - The total comprehensive income for the year was HKD 12,626,000, with a total equity of HKD 392,969,000 as of March 31, 2024[1] - The company’s equity attributable to shareholders increased to HKD 309,670,000 as of March 31, 2024, from HKD 297,044,000 in the previous year, reflecting a growth of 4.5%[1] - The company has sufficient operating funds to meet its financial obligations due within the next twelve months[16] - The company has approximately HKD 52,988,000 in unused available bank financing, ensuring liquidity for the upcoming year[37] Expenses and Costs - Administrative and operating expenses amounted to HKD 23,968,000, an increase from HKD 22,541,000 in the previous year[84] - The total employee costs, excluding directors' remuneration, increased to HKD 11,196,000 in 2024 from HKD 9,969,000 in 2023, representing a growth of approximately 12.3%[90] - Financial costs increased from HKD 4,300,000 in FY2023 to HKD 5,100,000 in FY2024 due to rising interest rates on HKD loans[192] Foreign Exchange and Other Income - The company reported a comprehensive income loss of HKD 43,529,000 due to foreign exchange differences from overseas operations[45] - The group recorded a foreign exchange loss of HKD 43,500,000 in FY2024, compared to a loss of HKD 29,400,000 in FY2023 due to depreciation of the Japanese yen[200] - The group recorded a foreign exchange gain of HKD 300,000 in FY2024, compared to a loss of HKD 600,000 in FY2023[191] Dividends and Shareholder Returns - The company did not declare any dividends for the year ended March 31, 2023, and has no plans to declare any dividends post-reporting period[106] - The company proposed a final dividend of HKD 0.08 per share, totaling HKD 655,440, which will be reflected in the retained earnings for the year ending March 31, 2025[133] Strategic Developments - The company acquired two residential properties in Japan and sold one as part of its portfolio optimization plan during fiscal year 2024[178] - The revenue from special situation consulting increased from HKD 2,200,000 in fiscal year 2023 to HKD 4,700,000 in fiscal year 2024, indicating a strategic focus on higher-margin consulting work[186]

Financial Performance - For the first half of the fiscal year 2024, Altus Holdings Limited reported unaudited revenue of HKD 25,400,000, an increase of 3.0% compared to HKD 24,700,000 in the first half of fiscal year 2023[5] - The group recorded a reported and underlying net profit of HKD 5,500,000 for the first half of fiscal year 2024, compared to HKD 2,200,000 and HKD 3,200,000 for the same period in fiscal year 2023[5] - Basic and diluted earnings per share for the first half of fiscal year 2024 were HKD 0.66, up from HKD 0.26 in the first half of fiscal year 2023[5] - The pre-tax profit for the first half of fiscal year 2024 was HKD 7,698,000, significantly higher than HKD 3,977,000 in the first half of fiscal year 2023[6] - Total comprehensive expenses for the first half of fiscal year 2024 amounted to HKD 39,282,000, compared to HKD 55,194,000 in the first half of fiscal year 2023[9] - The group’s share of profits from associates increased to HKD 39,000 in the first half of fiscal year 2024, compared to HKD 28,000 in the first half of fiscal year 2023[6] - The company reported a profit attributable to owners of HKD 5,334,000 for the first half of fiscal year 2024, compared to HKD 2,079,000 in the same period of fiscal year 2023, reflecting a 156.5% increase[51] Expenses and Costs - The group’s administrative and operating expenses decreased to HKD 10,325,000 in the first half of fiscal year 2024 from HKD 13,211,000 in the first half of fiscal year 2023[6] - Total financial costs for the first half of fiscal year 2024 amounted to HKD 2,554,000, up from HKD 1,933,000 in the first half of fiscal year 2023, representing a 32.2% increase[45] - The total income tax expense for the first half of fiscal year 2024 was HKD 2,238,000, compared to HKD 1,776,000 in the first half of fiscal year 2023, indicating a 25.9% increase[46] - The total employee costs, excluding directors' remuneration, for the first half of fiscal year 2024 were HKD 4,990,000, down from HKD 5,793,000 in the first half of fiscal year 2023, a decrease of 13.9%[49] Cash Flow and Liquidity - Operating cash generated in the first half of fiscal year 2024 was HKD 9,666,000, an increase of 20.7% compared to HKD 8,007,000 in the first half of fiscal year 2023[19] - Net cash generated from operating activities for the first half of fiscal year 2024 was HKD 9,408,000, up 39.4% from HKD 6,767,000 in the same period last year[19] - Cash and cash equivalents as of September 30, 2023, were HKD 33,913,000, down from HKD 35,658,000, indicating a decline of about 4.9%[11] - Cash and bank balances as of September 30, 2023, were HKD 33,900,000, down from HKD 35,700,000 on March 31, 2023[104] Foreign Exchange Impact - The group incurred a foreign exchange loss of HKD 38,900,000 due to the weak Japanese yen against the Hong Kong dollar, leading to total comprehensive expenses of HKD 33,800,000 for the first half of fiscal year 2024[5] - The company reported a net foreign exchange loss of HKD 220,000 for the first half of fiscal year 2024, compared to a gain of HKD 1,854,000 in the same period of fiscal year 2023[49] - The company recorded a foreign exchange loss of HKD 38,900,000 due to the depreciation of the Japanese yen during the first half of the 2024 fiscal year[111] Assets and Liabilities - As of September 30, 2023, total assets decreased to HKD 546,791,000 from HKD 591,158,000 as of March 31, 2023, representing a decline of approximately 7.5%[11] - Non-current liabilities decreased to HKD 123,936,000 from HKD 132,278,000, a reduction of about 6.3%[12] - The company's equity attributable to owners decreased to HKD 376,066,000 from HKD 408,133,000, reflecting a decrease of approximately 7.8%[12] - The company’s total liabilities decreased to HKD 388,939,000 from HKD 422,305,000, a reduction of about 7.9%[12] - The company’s total equity decreased to HKD 388,939,000 from HKD 422,305,000, reflecting a decrease of approximately 7.9%[12] Revenue Segments - For the second quarter of fiscal year 2024, the group reported revenue of HKD 12,977,000, compared to HKD 10,203,000 in the second quarter of fiscal year 2023[6] - Income from corporate financing and other consulting services in the first half of fiscal year 2024 was HKD 10,018,000, a 11.2% increase from HKD 9,008,000 in the same period last year[24] - Revenue from corporate finance and other consulting services increased by 11.2% in the first half of fiscal year 2024, contributing significantly to overall revenue growth[83] - The segment profit for the first half of fiscal year 2024 was HKD 14,276, compared to HKD 12,211 in the first half of fiscal year 2023, marking an increase of 16.9%[33] Shareholder Information - The total number of shares issued and paid up as of September 30, 2023, is 812,500,000 shares[67] - Major shareholder Flying Castle Limited owns 557,200,000 shares, which is 68.58% of the company[119] - The company has no arrangements for directors or senior management to benefit from purchasing shares or related securities during the first half of the 2024 fiscal year[118] - The company has confirmed that there are no interests held by directors or major shareholders in any competing businesses as of September 30, 2023[133] Corporate Governance - The company has complied with the GEM Listing Rules regarding corporate governance and has established an audit committee consisting of three independent non-executive directors[136] - The company has maintained the required public float as per GEM Listing Rules throughout the first half of the fiscal year 2024[124] Employee Information - As of September 30, 2023, the group had 15 employees, a decrease from 19 employees on September 30, 2022[126] - The short-term benefits for directors and key management personnel amounted to HKD 2,326,000 for the first half of the fiscal year 2024, a decrease from HKD 3,411,000 in the same period of the previous year[78]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 ALTUS HOLDINGS LIMITED 浩 德 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8149） 截至二零二三年九月三十日止六個月之 未經審核中期業績公告 香港聯合交易所有限公司（「聯交所」）GEM特色 GEM之定位乃為較其他於聯交所上市的公司帶有較高投資風險的中小型公司提供 一個上市市場。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上市公司一般為中小型公司，於GEM買賣的證券可能會較於主板買賣 的證券承受較大的市場波動風險，同時無法保證於GEM買賣的證券會有高流通量 的市場。 本公告（浩德控股有限公司（「本公司」）各董事（「董事」）共同及個別對此負全責） 乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定而提供有關本公司的 資料。董事經作出一切合理查詢後確認，就彼等所深知及確信，本公告所載資料 在各重大方面均 ...

Financial Performance - For the first quarter of the fiscal year 2024, Altus Holdings Limited reported unaudited revenue of HKD 12,400,000, a decrease of 14.0% compared to HKD 14,500,000 in the first quarter of the fiscal year 2023[6]. - The reported and underlying profit for the first quarter of fiscal year 2024 was HKD 3,200,000, an increase from HKD 3,000,000 in the same period last year[6]. - Basic and diluted earnings per share for the first quarter of fiscal year 2024 were HKD 0.38, compared to HKD 0.37 in the first quarter of fiscal year 2023[7]. - The group recorded a pre-tax profit of HKD 4,419,000, up from HKD 3,938,000 in the previous year[7]. - Total comprehensive income for the first quarter of fiscal year 2024 was a loss of HKD 25,188,000, an improvement from a loss of HKD 33,260,000 in the same period last year[9]. - The company reported a profit attributable to shareholders of HKD 2,981 million for the period ending June 30, 2022, compared to HKD 3,024 million for the same period last year, reflecting a decrease of approximately 1.4%[11]. - The company achieved a net profit of HKD 3,200,000 in Q1 FY2024, up from HKD 3,000,000 in Q1 FY2023, despite a decrease in revenue[46]. Revenue Breakdown - Revenue from corporate financing and consulting services decreased to HKD 4,524,000 in Q1 2024 from HKD 6,358,000 in Q1 2023, representing a decline of approximately 29%[20]. - Total rental income from investment properties was HKD 7,908,000 in Q1 2024, down from HKD 8,104,000 in Q1 2023, a decrease of about 2.4%[21]. - Net rental income for Q1 2024 was HKD 5,333,000, compared to HKD 5,657,000 in Q1 2023, reflecting a decline of approximately 5.7%[21]. - Revenue from corporate finance and other consulting services decreased by 28.9% in Q1 FY2024 due to a lack of IPO sponsorship activities[42]. - Self-investment income decreased by 2.4% to HKD 7,900,000 in Q1 FY2024, primarily due to the depreciation of the Japanese yen[44]. Expenses and Costs - Administrative and operating expenses decreased to HKD 4,305,000 from HKD 7,405,000 year-over-year, contributing to improved profitability despite lower revenue[7]. - The company’s financial costs increased to HKD 1,208,000 from HKD 875,000 year-over-year[7]. - The financial costs related to secured bank loans rose to HKD 1,208,000 in Q1 2024 from HKD 875,000 in Q1 2023, an increase of approximately 37.9%[30]. Shareholder Information - As of June 30, 2023, Mr. Ye holds a total of 558,450,000 shares, representing approximately 68.73% of the company's issued share capital[54]. - Major shareholders, including Flying Castle Limited and KHHL, collectively own 557,200,000 shares, equating to 68.58% of the company[54]. - The company has no arrangements for directors or senior management to benefit from purchasing shares or related securities during the first quarter of the 2024 fiscal year[53]. - The total number of shares held by Mr. Zeng is 22,400,000, which is 2.76% of the total issued share capital[54]. Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated results for the first quarter of the fiscal year 2024[73]. - The board of directors includes executive directors Ye Tianci, Zeng Xianpei, and Liang Chuo Ran, along with independent non-executive directors Zhao Tianyue, Chen Chenguang, and Li Shuxian[75]. Compliance and Reporting - The company’s financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards, ensuring compliance with applicable regulations[17]. - The company has adopted revisions to the Hong Kong Financial Reporting Standards effective from April 1, 2023, with no significant impact on the reported amounts[18]. - The report will be published on the Hong Kong Stock Exchange website and the company's website for at least seven days from the publication date[76].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 ALTUS HOLDINGS LIMITED 浩 德 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8149） 截至二零二三年六月三十日止三個月之 第一季度業績公告 香港聯合交易所有限公司（「聯交所」）GEM特色 GEM之定位乃為較其他於聯交所上市的公司帶有較高投資風險的中小型公司提供 一個上市市場。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上市公司一般為中小型公司，於GEM買賣的證券可能會較於主板買賣 的證券承受較大的市場波動風險，同時無法保證於GEM買賣的證券會有高流通量 的市場。 本公告（浩德控股有限公司（「本公司」）各董事（「董事」）共同及個別對此負全責） 乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定而提供有關本公司的 資料。董事經作出一切合理查詢後確認，就彼等所深知及確信，本公告所載資料 在各重大方面均屬準 ...

Financial Performance - Total revenue for FY2023 was HKD 47,791,000, a decrease of 14.3% compared to HKD 55,709,000 in FY2022[16] - Pre-tax profit increased to HKD 15,524,000, up 27.5% from HKD 12,148,000 in the previous year[16] - The attributable profit to the company's owners was HKD 9,878,000, representing a 41.5% increase from HKD 6,980,000 in FY2022[16] - The reported net profit for fiscal year 2023 was HKD 10,800,000, an increase from HKD 8,000,000 in fiscal year 2022, driven by a net increase in the fair value of investment properties in Japan[19] - The adjusted annual profit decreased by 29% to HKD 7,000,000, impacted by reduced income from corporate finance and consulting services[37] - The total revenue for fiscal year 2023 was HKD 47,800,000, a decrease of 14.2% compared to HKD 55,700,000 in fiscal year 2022, primarily due to a decline in corporate finance and advisory services revenue[28] Assets and Liabilities - Total assets decreased to HKD 630,020,000, down 5.0% from HKD 663,240,000 in FY2022[17] - Total liabilities reduced to HKD 207,715,000, a decline of 6.7% from HKD 222,630,000 in the previous year[17] - Net asset value was HKD 422,305,000, down 4.1% from HKD 440,610,000 in FY2022[17] - The total debt decreased from HKD 176,645,000 to HKD 161,470,000, with a capital debt ratio improving from 40.1% to 38.2%[42] - As of March 31, 2023, the total debt and total equity resulted in a debt-to-equity ratio of approximately 38.2%, down from 40.1% as of March 31, 2022[45] Revenue Sources - Revenue from corporate finance and other advisory services decreased by 14.2% to HKD 16,330,000 in fiscal year 2023, primarily due to a continued downturn in IPO sponsorship activities[20] - Rental income from the property investment portfolio in Japan contributed HKD 31,500,000 in fiscal year 2023, down from HKD 36,700,000 in fiscal year 2022, attributed to the depreciation of the Japanese yen[22] - Financial advisory service revenue decreased by 42% from HKD 14,400,000 to HKD 8,300,000 due to a lack of rule-based advisory activities[29] - Compliance advisory revenue doubled to HKD 2,400,000, attributed to new listings and continued engagements with existing clients[30] - Other corporate advisory service revenue increased from HKD 1,000,000 to HKD 3,600,000, reflecting efforts in strategic corporate finance consulting[30] Property Investments - The company is exploring value release through the reconstruction and optimization of its real estate investment portfolio in Japan[11] - The average occupancy rate for the property portfolio in Japan improved to 93.2% in fiscal year 2023 from 91.6% in fiscal year 2022, with rental income in yen increasing by 1.7%[25] - The company undertook approximately HKD 5,400,000 in improvement works to enhance the value of several properties in Japan during fiscal year 2023[26] - The company’s investment properties in Japan included 26 properties, with a total net area of 1,000,000 square feet, contributing to the overall rental income[23] - The company completed the acquisition of an investment property for JPY 190 million on April 4, 2023, aimed at generating rental income and/or capital appreciation[55] Corporate Governance - The Audit Committee consists of three independent non-executive directors, with all members attending 5 out of 5 meetings in the fiscal year 2023[77] - The Remuneration Committee held one meeting in fiscal year 2023 to review the remuneration policies for directors and senior management, with all members present[79] - The Nomination Committee conducted two meetings in fiscal year 2023, focusing on board structure and the independence of non-executive directors, with all members attending both meetings[80] - The company has adopted a board diversity policy, recognizing the benefits of a diverse skill set, experience, and perspectives among board members[83] - The board is required to hold at least four meetings annually, with provisions for conflicts of interest among directors[86] Shareholder Information - The company reported a distributable reserve of HKD 92,500,000 as of March 31, 2023, down from HKD 93,300,000 in 2022[153] - The company did not recommend a final dividend for the fiscal year 2023, consistent with the previous fiscal year[141] - The company repurchased and canceled 120,000 ordinary shares during the fiscal year 2023, which were originally bought back in the fiscal year 2022[154] - As of March 31, 2023, major shareholders hold a total of 557,200,000 shares, representing 68.58% of the company's issued share capital[176] - The company has a non-competition agreement in place with its major shareholders, ensuring no direct or indirect competition with the group's business[192] Risk Management - The board is responsible for maintaining a sound and effective risk management and internal control system to protect shareholders' interests[107] - The board conducted an annual review of the effectiveness of the risk management and internal control system for the fiscal year 2023, covering financial, operational, compliance, and risk management aspects[107] - An independent internal control consultant has been appointed to review the effectiveness of the internal control system and perform internal audit functions[107] - The company has established a series of risk management policies and measures to identify key risks related to its business, industry, and market[107] - The company is committed to maintaining high standards of corporate governance and transparency in its operations[123]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 ALTUS HOLDINGS LIMITED 浩 德 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8149） 截至二零二三年三月三十一日止年度的年度業績公告 香港聯合交易所有限公司（「聯交所」）GEM特色 GEM的定位乃為較其他於聯交所上市的公司帶有較高投資風險的中小型公司提供 一個上市市場。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上市公司一般為中小型公司，於GEM買賣的證券可能會較於主板買賣 的證券承受較大的市場波動風險，同時無法保證於GEM買賣的證券會有高流通量 的市場。 本公告（浩德控股有限公司（「本公司」）各董事（「董事」）共同及個別對此負全責） 乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定而提供有關本公司的 資料。董事經作出一切合理查詢後確認，就彼等所深知及確信，本公告所載資料 在各重大方面均屬準確及完 ...

Revenue Performance - The company reported unaudited revenue of approximately HKD 13,100,000 for the third quarter of the fiscal year 2023, a decrease of about 11.5% compared to HKD 14,800,000 in the same period of fiscal year 2022[4]. - For the nine-month period ending December 31, 2022, the unaudited revenue was HKD 37,800,000, down approximately 7.0% from HKD 40,700,000 for the same period in the previous year[4]. - For the third quarter of the fiscal year 2023, the company reported revenue of HKD 13,142,000, a decrease of 11.4% compared to HKD 14,845,000 in the same quarter of the previous year[25]. - Revenue from corporate finance and other consulting services decreased by approximately 6.5% in the third quarter of fiscal year 2023, primarily due to a continued decline in income from sponsorship services[50]. - The overall income from self-investment decreased by approximately 14.7% in the third quarter of fiscal year 2023 compared to the same period last year[52]. Profit and Earnings - The reported and underlying net profit for the nine-month period ending December 31, 2022, was approximately HKD 6,400,000 and HKD 7,400,000, respectively, compared to HKD 6,200,000 in the previous year[4]. - Basic and diluted earnings per share for the nine-month period were approximately HKD 0.75 and HKD 0.74, respectively, compared to HKD 0.70 and HKD 0.69 in the previous year[5]. - The company recorded a pre-tax profit of HKD 5,359,000 for the third quarter of fiscal year 2023, compared to HKD 3,641,000 in the same quarter of the previous year[6]. - The company reported a profit of HKD 6,031,000 for the nine months ended December 31, 2022, compared to HKD 5,625,000 for the same period in 2021, indicating an increase of about 7.2%[15]. - The underlying profit for the nine months ended December 31, 2022, was HKD 7,031,000, up from HKD 5,625,000 in the same period of the previous year, indicating a year-on-year increase of 25%[44]. Expenses and Costs - The company’s administrative and operating expenses decreased to HKD 17,615,000 for the nine-month period, down from HKD 18,780,000 in the previous year[6]. - The total employee costs, excluding directors' remuneration, were HKD 2,344,000 for the third quarter of 2023, down 32.3% from HKD 3,459,000 in the same period of 2022[38]. - Financial costs for the third quarter of 2023 amounted to HKD 1,166,000, an increase of 21% from HKD 964,000 in the third quarter of 2022[35]. - Administrative and operating expenses decreased to approximately HKD 4,400,000 in the third quarter of fiscal year 2023, down from approximately HKD 7,300,000 in the same quarter of the previous year[53]. Comprehensive Income - Total comprehensive income for the nine-month period ending December 31, 2022, was HKD 33,150,000, compared to a loss of HKD 8,329,000 in the previous year[9]. - The total comprehensive income for the nine months ended December 31, 2022, was HKD 406,029,000, compared to HKD 442,781,000 for the same period in 2021, reflecting a decrease of approximately 8.3%[15]. Shareholder Information - The company did not recommend any interim dividend for the third quarter of the fiscal year 2023[5]. - The company’s share premium as of December 31, 2022, was HKD 411,000,000, showing a slight increase from HKD 409,000,000 as of December 31, 2021[12]. - The total number of shares held by Mr. Zeng is 22,400,000, which represents 2.77% of the company's issued share capital[65]. - Major shareholder Flying Castle Limited owns 557,200,000 shares, equivalent to 68.98% of the company's issued share capital[65]. Market Strategy and Future Plans - The company plans to continue expanding its market presence and is focusing on new product development and technology advancements in the upcoming fiscal year[18]. - The company aims to expand its market presence through strategic investments and advisory services in both Japan and Hong Kong[48]. - The group aims to increase market share in rule-based consulting work due to anticipated demand from corporate actions and investment activities following the opening of borders between Hong Kong and mainland China[57]. - The management is exploring strategies to unlock the value of older properties in the investment portfolio through significant renovations and redevelopment in the active Japanese real estate market[58]. Investment and Financial Activities - The company has implemented a share buyback program, with a total of HKD 101,000 spent on share repurchases during the reporting period[15]. - The group entered into a revolving loan agreement with Dah Sing Bank for HKD 60,000,000 for investment and operational funding purposes[79]. - The self-investment activities contributed approximately 58.4% and 61.7% to the total revenue for the third quarter and the nine-month period, respectively[49]. Employee and Management Information - As of December 31, 2022, the group had 18 employees, a decrease from 20 employees as of December 31, 2021[73]. - The company has not granted any stock options as of December 31, 2022, and there are no unexercised stock options under the stock option plan[74]. - On January 5, 2023, the board approved the conditional reward of 240,000 new shares to selected employees, pending shareholder approval at a special meeting expected in August 2023[75].

Financial Performance - The company recorded unaudited revenue of HKD 24,700,000 for the first half of the fiscal year 2023, a decrease of 4.5% compared to HKD 25,800,000 in the same period of fiscal year 2022[4]. - The reported and underlying profit for the first half of fiscal year 2023 was HKD 2,200,000 and HKD 3,200,000 respectively, down from HKD 3,700,000 in the same period of fiscal year 2022[4]. - The basic and diluted earnings per share for the first half of fiscal year 2023 were both HKD 0.26, compared to HKD 0.41 in the same period of fiscal year 2022[5]. - The company did not recommend any interim dividend for the first half of fiscal year 2023[6]. - The company experienced a significant decline in profit attributable to owners, reporting a loss of HKD 902,000 for the second quarter of fiscal year 2023, compared to a profit of HKD 1,541,000 in the same period of fiscal year 2022[11]. - For the first half of the fiscal year 2023, the company reported a loss of HKD 2,201,000 compared to a profit of HKD 3,742,000 in the same period of fiscal year 2022, representing a decrease of 158.8%[13]. - The total comprehensive loss for the first half of fiscal year 2023 was HKD 52,993,000, a significant increase from a total comprehensive income of HKD 917,000 in the first half of fiscal year 2022[13]. - The company reported a pre-tax profit of HKD 3,977,000 for the first half of fiscal year 2023, down from HKD 5,866,000 in the same period of fiscal year 2022[9]. Revenue Breakdown - Total revenue for the first half of the fiscal year 2023 was HKD 464,163,000, a decrease from HKD 465,635,000 in the same period of fiscal year 2022, representing a decline of approximately 0.3%[21]. - Revenue from corporate financing and other consulting services in the second quarter of fiscal year 2023 was HKD 2,650,000, down 30.3% from HKD 3,812,000 in the second quarter of fiscal year 2022[37]. - Net rental income for the first half of fiscal year 2023 was HKD 10,568,000, a decrease of 14.3% from HKD 12,332,000 in the first half of fiscal year 2022[39]. - The total rental income from investment properties for the first half of fiscal year 2023 was HKD 15,657,000, down 16.5% from HKD 18,742,000 in the first half of fiscal year 2022[39]. - Revenue from consulting and advisory services for the first half of fiscal year 2023 was HKD 10,203,000, compared to HKD 13,074,000 in the same period last year, a decline of 21.7%[56]. - The company achieved a significant increase in underwriting service revenue from HKD 1,370,000 in the first half of fiscal year 2022 to HKD 2,022,000 in the first half of fiscal year 2023, representing a growth of 47.5%[130]. - Financial advisory service revenue rose to HKD 5,015,000 in the first half of fiscal year 2023, up from HKD 4,781,000 in the same period last year, marking an increase of 4.9%[130]. - Compliance advisory service revenue increased significantly from HKD 506,000 to HKD 1,255,000, reflecting a growth of 148.4%[130]. Expenses and Losses - A foreign exchange loss of HKD 55,100,000 was recorded due to the depreciation of the Japanese yen against the Hong Kong dollar, impacting overall expenses of HKD 53,000,000 for the first half of fiscal year 2023[4]. - Total administrative and operating expenses for the first half of fiscal year 2023 were HKD 13,211,000, compared to HKD 11,441,000 in the same period of fiscal year 2022[9]. - The company recorded a net exchange loss of HKD 1,900,000 in the first half of the fiscal year 2023 due to the depreciation of the Japanese yen[153]. - The total expenses incurred in the first half of fiscal year 2023 amounted to HKD 53,000,000, significantly higher than HKD 2,700,000 in the same period of fiscal year 2022[153]. - Property expenses decreased by 20.6% to HKD 5,100,000 from HKD 6,400,000 in the first half of fiscal year 2022, primarily due to the depreciation of the Japanese yen[133]. - Administrative and operating expenses increased to HKD 13,200,000 from HKD 11,400,000, driven by higher employee costs and foreign exchange losses[134]. Assets and Liabilities - Non-current assets decreased from HKD 624,433,000 as of March 31, 2022, to HKD 545,925,000 as of September 30, 2022, reflecting a decline of 12.6%[15]. - Current liabilities decreased from HKD 76,664,000 to HKD 70,160,000, a reduction of 8.3%[15]. - The total equity attributable to the owners of the company decreased from HKD 426,156,000 to HKD 373,972,000, a decline of 12.3%[17]. - The company reported a decrease in trade and other receivables from HKD 4,148,000 to HKD 2,523,000, a drop of 39.2%[15]. - The company’s total assets less current liabilities decreased from HKD 586,576,000 to HKD 512,462,000, a decline of 12.6%[15]. - The company’s total liabilities decreased to HKD 450,571,000 as of September 30, 2023, down from HKD 449,634,000 as of April 1, 2022[21]. - The group’s total assets decreased to HKD 582,622,000 from HKD 663,240,000, indicating a reduction of approximately 12.1%[51]. - The total liabilities increased to HKD 194,590,000 from HKD 222,630,000, representing a decrease of about 12.6%[53]. Shareholder Information - As of September 30, 2022, Mr. Ye holds a beneficial interest in 557,200,000 shares, representing approximately 69.07% of the company's issued share capital[158]. - The company’s issued and paid-up capital as of September 30, 2022, was HKD 8,067,000, with 806,720,000 ordinary shares issued[103]. - Flying Castle Limited holds 557,200,000 shares, representing 69.07% of the company's issued share capital[165]. - Yuanta Asia Investment Limited owns 44,250,000 shares, accounting for 5.49% of the total issued share capital[165]. Corporate Governance and Compliance - The company has complied with the corporate governance code as per GEM listing rules during the first half of the 2023 fiscal year[177]. - The company has established an audit committee consisting of three independent non-executive directors, chaired by Mr. Chen Chenguang, to oversee financial reporting and risk management[186]. - The audit committee confirmed that the unaudited consolidated results for the first half of the fiscal year 2023 complied with applicable accounting principles and regulations[186]. - The company has adopted trading standards for directors' securities transactions in compliance with GEM listing rules[181]. - The company has established financial risk management policies to ensure all payables are settled within the credit period[96]. Future Outlook and Strategies - The company aims to address the adverse impacts of currency fluctuations and is exploring strategies for market expansion and operational efficiency[4]. - The company anticipates stable rental returns in yen from property operations despite fluctuations in the yen-HKD exchange rate[156]. - The company plans to maintain competitive pricing while providing quality services in regulatory-based advisory work to remain relevant in a challenging market[155]. - The company is focused on improving property occupancy rates and rental income following Japan's economic reopening post-COVID-19[156]. - The company will assess the optimal timing for project undertakings in light of market demand and unclear IPO policies, particularly for SMEs[155].

Financial Performance - Revenue for the fiscal year 2022 was HKD 55,709,000, a decrease of approximately 5.3% from HKD 59,266,000 in fiscal year 2021[16]. - Pre-tax profit increased to HKD 12,148,000 in fiscal year 2022, compared to HKD 11,790,000 in fiscal year 2021, reflecting a growth of about 3.0%[16]. - Basic profit attributable to the company’s owners for fiscal year 2022 was HKD 6,980,000, up from HKD 6,294,000 in fiscal year 2021, representing an increase of approximately 10.9%[16]. - The group recorded revenue of approximately HKD 55,700,000 for the fiscal year 2022, a decrease of about 6.0% compared to HKD 59,300,000 in the fiscal year 2021, primarily due to a reduction in rental income from investment properties in Japan when converted to HKD[41]. - The income from corporate financing and other consulting services decreased to approximately HKD 2,400,000 in fiscal year 2022 from approximately HKD 5,200,000 in fiscal year 2021, reflecting a continued downward trend in sponsored project income[42]. - The income from financial advisory projects increased by 61.8% to approximately HKD 14,400,000 in fiscal year 2022 from approximately HKD 8,900,000 in fiscal year 2021, driven by an increase in the number of projects and average fees per project[42]. - The self-operated investment income decreased by 7.5% to approximately HKD 36,700,000 in fiscal year 2022 from approximately HKD 39,700,000 in fiscal year 2021, impacted by the depreciation of the Japanese yen against the HKD[45]. - The group’s annual profit increased by 12.0% to approximately HKD 8,000,000 in fiscal year 2022 from approximately HKD 7,100,000 in fiscal year 2021, mainly due to a significant reduction in the net decrease in fair value of investment properties[54]. Assets and Liabilities - Total assets decreased to HKD 663,240,000 in fiscal year 2022 from HKD 713,478,000 in fiscal year 2021, a decline of about 7.0%[18]. - Total liabilities reduced to HKD 222,630,000 in fiscal year 2022, down from HKD 249,315,000 in fiscal year 2021, a decrease of approximately 10.7%[18]. - The total liabilities decreased to HKD 176,645,000 in fiscal year 2022 from HKD 201,848,000 in fiscal year 2021, indicating improved financial stability[59]. - The capital-to-debt ratio improved to 40.1% in fiscal year 2022 from 43.5% in fiscal year 2021, reflecting a stronger equity position[59]. - The total interest-bearing loans decreased from approximately HKD 201.8 million as of March 31, 2021, to approximately HKD 176.6 million as of March 31, 2022[66]. Corporate Strategy and Future Outlook - Future expectations indicate a tightening of liquidity and a shift in investment preferences towards companies with sustainable growth capabilities, impacting asset valuations and transaction volumes[12]. - The company plans to expand its self-investment portfolio, particularly in elder care facilities and group homes, aligning with socially responsible investment goals[13]. - The company aims to initiate asset enhancement projects on older properties in the coming year[13]. - The company plans to expand its investment in four existing small wooden houses for elderly care facilities, aiming to provide stable and long-term rental income[80]. - The company anticipates that the reopening of Japan's economy will support stable occupancy rates and rental levels for its investment portfolio[80]. - The company is investing in R&D, with a budget increase of I% aimed at developing new technologies and products[166]. - The management team emphasized a strategic shift towards digital transformation, which is expected to improve customer engagement by J%[166]. - The company plans to enhance its sustainability initiatives, targeting a reduction in carbon emissions by L% by 2025[166]. Governance and Compliance - The company adopted the corporate governance code as per GEM Listing Rules Appendix 15 starting from January 1, 2022, and has complied with applicable provisions during the fiscal year 2022[84]. - The board consists of three executive directors and three independent non-executive directors, ensuring a balanced composition for decision-making[86]. - The company has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, to oversee specific aspects of the group's affairs[96]. - The Audit Committee, composed entirely of independent non-executive directors, is responsible for reviewing financial statements and internal control procedures[100]. - The company has implemented a code of conduct for directors regarding securities trading, confirming full compliance during the fiscal year 2022[85]. - The board has reviewed and is satisfied with the effectiveness of its corporate governance policies and practices during the fiscal year 2022[97]. - The company’s independent non-executive directors are subject to a three-year term, with reappointment required at the annual general meeting[112]. - The company provides a platform for communication between the board and shareholders during the annual general meeting, addressing shareholder inquiries[135]. - The board is responsible for maintaining a sound and effective risk management and internal control system to protect shareholders' interests[146]. - In the fiscal year 2022, the board conducted an annual review of the effectiveness of the risk management and internal control system, which was deemed adequate and effective[146]. Environmental and Social Responsibility - The company did not face any environmental complaints, lawsuits, penalties, or disciplinary actions during the fiscal year 2022, indicating compliance with environmental regulations[36]. - The company has adopted a borrowing strategy in Japanese yen to mitigate currency risk associated with its investment portfolio in Japan[80]. Dividends - The company did not recommend the payment of any final dividend for the fiscal year 2022, consistent with the previous fiscal year where no dividend was paid[189].