Financial Performance - The unaudited consolidated results for the six months ended September 30, 2020, show a significant performance overview compared to the same period in 2019[13]. - The Group reported a revenue increase of 15% year-on-year, reaching HKD 50 million for the six-month period[13]. - Revenue for the three months ended September 30, 2020, was HK$30,122,000, an increase from HK$11,793,000 in the same period of 2019, representing a growth of 155.5%[14]. - The company reported a total comprehensive income of HK$12,222,000 for the three months ended September 30, 2020, compared to a loss of HK$3,341,000 in the same period of 2019[16]. - The company reported a profit of HK$12,407,000 attributable to owners for the three months ended September 30, 2020, compared to a loss of HK$3,137,000 in the same period of 2019[16]. - The company reported a profit of HK$13,109,000 for the period, compared to a loss of HK$1,067,000 in the prior year[30]. - The company reported a total comprehensive income of HK$13,444,000 for the six months ended September 30, 2020, compared to a loss of HK$1,185,000 in the same period of 2019[30]. - Total revenue for the six months ended September 30, 2020, was HK$39,497,000, a decrease of about 9.4% from HK$43,572,000 in 2019[196]. User and Market Growth - User data indicates a growth in active users by 20%, totaling 200,000 users as of September 30, 2020[13]. - The Company anticipates a continued upward trend in revenue, projecting a 10% increase for the next quarter[13]. - The Company is exploring market expansion opportunities in Southeast Asia, targeting a 25% market share by 2022[13]. - Future strategies may include market expansion and potential new product developments to drive revenue growth[75]. Product Development and Strategy - New product development initiatives are underway, focusing on enhancing user experience and expanding the product line[13]. - Strategic acquisitions are being considered to bolster the Company's market position and diversify its offerings[13]. - Future strategies include enhancing digital marketing efforts to increase brand visibility and user engagement[13]. Financial Position and Assets - Total assets as of September 30, 2020, amounted to HK$113,849,000, an increase from HK$67,854,000 as of March 31, 2020[21]. - Net current assets as of September 30, 2020, were HK$29,278,000, up from HK$22,614,000 as of March 31, 2020[21]. - Non-current assets increased to HK$84,571,000 as of September 30, 2020, compared to HK$45,240,000 as of March 31, 2020[18]. - The company’s total equity as of September 30, 2020, was HK$63,088,000, an increase from HK$49,979,000 as of March 31, 2020[23]. - The company’s total equity attributable to owners was HK$96,927,000 as of September 30, 2020, reflecting a decrease from HK$98,326,000 at the end of the previous period[25]. Cash Flow and Financing - For the six months ended September 30, 2020, net cash generated from operating activities was HK$37,524,000, compared to a cash outflow of HK$3,275,000 in the same period of 2019[30]. - The total cash and cash equivalents at the end of the period increased to HK$42,252,000 from HK$6,817,000 in the prior year[34]. - The company had a net cash outflow from financing activities of HK$9,193,000, compared to a net inflow of HK$3,980,000 in the previous year[34]. - The company’s cash inflow from investing activities was HK$1,662,000, an increase from HK$1,332,000 in the same period of 2019[30]. Segment Performance - The Group's revenue for the six months ended 30 September 2020 was HK$39,497,000, with a reportable segment profit of HK$18,108,000[64]. - The OEM Business generated revenue of HK$16,733,000, while the Retail Business reported a loss of HK$37,000[64]. - The Money Lending Business contributed HK$1,738,000 to the revenue, and the Financial Quotient and Investment Education Business generated HK$20,786,000[64]. - Revenue from garment products decreased to HK$16,973,000 for the six months ended September 30, 2020, down from HK$19,670,000 in 2019, representing a decline of approximately 8.6%[192]. - Interest income from seafood loan receivables was HK$0 for the six months ended September 30, 2020, compared to HK$21,598,000 in 2019, indicating a significant drop[192]. - Tuition fee revenue from financial quotient and education courses increased to HK$1,738,000 in 2020, up from HK$1,475,000 in 2019, reflecting a growth of approximately 17.8%[192]. Challenges and Risks - The management emphasized the importance of maintaining operational efficiency to mitigate potential market volatility risks[13]. - Overall, the company is facing challenges in its core garment and seafood segments, necessitating a review of its market strategies and product offerings[192].

Financial Performance - Revenue for the three months ended June 30, 2020, was HK$9,375,000, a decrease of 70.5% compared to HK$31,779,000 for the same period in 2019[13]. - Profit before taxation for the first quarter of 2020 was HK$887,000, down 64.5% from HK$2,502,000 in the first quarter of 2019[13]. - Total comprehensive income for the period attributable to owners of the Company was HK$887,000, compared to HK$2,274,000 in the same period last year, representing a decline of 61%[15]. - Basic and diluted earnings per share for the first quarter of 2020 were HK$0.08, down from HK$0.15 in the previous year[15]. - The company reported a profit of HK$1,952,000 for the period ending June 30, 2020, compared to a loss of HK$1,037,000 in the previous period[79][124]. - Profit for the period attributable to the owners of the Company was HK$1,037,000 for the three months ended 30 June 2020, compared to HK$1,952,000 in the same period of 2019, representing a decrease of approximately 47%[185]. Expenses and Costs - The Group's cost of sales for the first quarter of 2020 was HK$7,895,000, which is a significant decrease from HK$27,883,000 in the same period of 2019[13]. - Administrative expenses for the first quarter of 2020 were HK$2,273,000, a reduction from HK$4,540,000 in the first quarter of 2019[13]. - Other income for the first quarter of 2020 was HK$1,771,000, compared to HK$3,215,000 in the same period last year, indicating a decrease of 44.8%[13]. - The total expenses incurred by the Group for the three months were HK$3,274,000, impacting the overall profitability[164]. - Total employee benefits expenses decreased to HK$1,262,000 in Q1 2020 from HK$2,021,000 in Q1 2019, a reduction of 37.5%[180]. - Cost of inventories recognized as an expense was HK$7,742,000 in Q1 2020, down from HK$27,551,000 in Q1 2019, indicating a decrease of 71.9%[180]. Revenue Segmentation - For the three months ended June 30, 2020, the total revenue was HK$31,799,000, with revenue from the OEM Business contributing HK$8,391,000 and the Retail Business contributing HK$4,555,000[164]. - The reportable segment profit for the OEM Business was HK$241,000, while the Retail Business reported a profit of HK$71,000, leading to a total segment profit of HK$2,560,000[164]. - The Money Lending Business generated a profit of HK$684,000, and the Wholesaling Business reported a profit of HK$1,301,000, indicating strong performance in these segments[164]. - The Group's revenue from external customers in Hong Kong was HK$9,375,000 for Q1 2020, a decrease of 70.5% compared to HK$31,779,000 in Q1 2019[171]. - Revenue from garment products decreased to HK$8,153,000 in Q1 2020 from HK$12,946,000 in Q1 2019, representing a decline of 37.5%[167]. Strategic Focus and Operations - The Company is focused on improving operational efficiency and exploring new market opportunities to enhance future performance[5]. - The company is focused on expanding its market presence in garment manufacturing and financial services[146]. - The Group's financial results reflect a strategic focus on diversifying revenue streams across various business segments, including retail and financial services[164]. - The OEM business segment continued to operate by placing orders with other manufacturers, leading to a substantial reduction in operational costs during the three months ended 30 June 2020[199]. Compliance and Reporting - The first quarterly financial statements were prepared in accordance with Hong Kong Financial Reporting Standards and presented in Hong Kong dollars (HK$)[148]. - The financial statements do not include all information required in annual financial statements and should be read in conjunction with the annual report for the year ended March 31, 2020[151]. - The company has not early adopted any new/revised HKFRSs that have been issued but not yet effective[151]. - The accounting policies for the operating segments are consistent with the Group's overall accounting policies, ensuring uniformity in financial reporting[157]. Equity and Capital - Total equity as of June 30, 2020, was HK$51,200,000, with total capital premium at HK$618,133,000[100][101]. - As of April 1, 2020, the company reported a total equity of HK$51,200,000 and a total capital premium of HK$618,133,000[109]. - An outstanding loan balance due to a shareholder was HK$9,720,000 as of 30 June 2020, with interest expenses on the loan amounting to HK$322,000 for the three months ended 30 June 2020[190][191]. Other Financial Metrics - The Group reported no income tax expenses for the first quarter of 2020, compared to HK$228,000 in the same period of 2019[13]. - The Group did not report any inter-segment revenue for the three months ended June 30, 2020, and 2019, highlighting a focus on external customer revenue[165]. - The Group's property investment business did not report any revenue during the three months ended June 30, 2020, indicating a potential area for future growth[164]. - The Group's financial quotient and investment education business generated revenue of HK$482,000 during the same period, contributing to overall segment performance[164]. - The Group recognized a provision of HK$1,735,000 related to a legal claim, which is considered a reliable estimate for potential damages[193][194]. - Directors' remuneration increased to HK$270,000 in fees and HK$60,000 in salaries and other benefits in Q1 2020, compared to HK$214,000 and HK$110,000 respectively in Q1 2019[180].

Financial Performance - L & A International Holdings Limited reported a total revenue of HKD 150 million for the fiscal year 2020, representing a decrease of 10% compared to the previous year[11]. - The company’s net loss for the year was HKD 20 million, which is an improvement from a net loss of HKD 30 million in 2019, indicating a reduction in losses by 33%[11]. - The Group's revenue increased by approximately 3.5% from HK$71.7 million for the year ended 31 March 2019 to HK$74.3 million for the year ended 31 March 2020[30]. - The loss for the year ended 31 March 2020 was approximately HK$34.0 million, compared to a loss of HK$10.1 million for the previous year[38]. - The Group's cost of sales increased by approximately 7.4% to HK$66.6 million for the year ended 31 March 2020[34]. - Selling and administrative expenses decreased by approximately HK$14.9 million to HK$18.5 million for the year ended 31 March 2020[37]. User Engagement and Market Expansion - User data showed a total of 500,000 active users on the platform, an increase of 25% year-over-year[11]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share within the next two years[11]. - New product development includes the launch of a mobile application aimed at enhancing user engagement, expected to be released in Q3 2021[11]. - Future guidance indicates a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion[11]. - The company has established strategic partnerships with local firms in target markets to facilitate smoother entry and expansion[11]. Business Segments - The Money Lending Business generated interest income of approximately HK$2.6 million, representing an increase of approximately 9.2% compared to the previous financial year[20]. - The Wholesaling Business generated revenue of approximately HK$23.4 million for the year ended 31 March 2020, primarily from seafood products[20]. - The Financial Quotient and Investment Education Business generated revenue of approximately HK$0.3 million during the year ended 31 March 2020[20]. - The Group's revenue is derived from six business arms, including OEM Business, Retail Business, Money Lending Business, Wholesaling Business, Financial Quotient and Investment Education Business, and Property Investment Business[81]. Cost Control and Operational Efficiency - Management emphasized a focus on cost control measures, aiming to reduce operational expenses by 15% in the upcoming year[11]. - The Group's restructuring of its sales network aims to minimize operating costs while adapting to the shift towards online shopping[19]. - The Group aims to strengthen its customer base in the OEM Business and expects better cost control with the implementation of the OEM operation model[22]. Investments and Acquisitions - The Group is exploring potential acquisition opportunities to enhance its service offerings and market reach[11]. - On 11 May 2020, the Group agreed to acquire the entire issued share capital of Bewisekid Holding Limited for HK$33,250,000[52]. - The Group established a Property Investment Business and acquired a property in Japan, with promising appreciation potential[20]. - The Group plans to expand its Money Lending Business with a prudent and balanced risk management approach[25]. Financial Position and Liabilities - As of 31 March 2020, the Group's unpledged bank balances and cash decreased by approximately 59.3% to HK$2.1 million[44]. - The Group's total borrowings were HK$16.5 million as of 31 March 2020, resulting in a gearing ratio of approximately 31.4%[44]. - As of March 31, 2020, the Company's distributable reserves amounted to Nil, down from HK$7.6 million in 2019[104]. Corporate Governance and Compliance - The Company has adopted various policies to ensure compliance with the Corporate Governance Code and has fully complied with all applicable provisions for the year ended 31 March 2020[195]. - The Company has established an Audit Committee to oversee internal control procedures and review financial statements[177]. - The Company maintained the amount of public float as required under the GEM Listing Rules as of the date of the annual report[176]. - The Company has confirmed that all Directors complied with the required standards of dealings throughout the year ended 31 March 2020[168]. Shareholder Information - The substantial shareholders include Lau Lan Ying and Wong Kwan Mo, each holding 322,314,800 shares, representing 25.18% of the company's issued share capital[154]. - Strong Light Investments Limited holds 299,694,000 shares, accounting for 23.41% of the company's issued share capital[154]. - Ge Qingfu is a beneficial owner of 128,266,200 shares, which is 10.02% of the company's issued share capital[154]. - Flying Mortgage Limited owns 70,512,000 shares, representing 5.51% of the company's issued share capital[154]. Employment and Remuneration - The group employed approximately 30 individuals, maintaining the same number as in 2019[56]. - The remuneration packages for directors and senior management are regularly reviewed based on the group's operating results and market competitiveness[56]. - For the year ended March 31, 2020, the remuneration of Directors and senior management fell within the band of below HK$1,000,000 for 6 individuals[128]. Environmental and Social Responsibility - The Group is committed to long-term sustainability and has implemented environmentally responsible practices, including energy saving and waste reduction measures[95].

Revenue Growth - The Group reported unaudited consolidated revenue of HKD 10 million for the three months ended December 31, 2019, compared to HKD 8 million for the same period in 2018, representing a growth of 25%[21] - For the nine months ended December 31, 2019, the Group's revenue reached HKD 30 million, an increase of 20% from HKD 25 million in the corresponding period of 2018[21] - Revenue for the three months ended December 31, 2019, was HK$14,436,000, a decrease of 10.5% compared to HK$16,191,000 in the same period of 2018[22] - For the nine months ended December 31, 2019, revenue was HK$58,008,000, an increase of 9.0% from HK$53,115,000 in the same period of 2018[22] - The company reported a revenue increase of 15% year-over-year, reaching $2.5 billion in Q3 2023[200] - The company provided a revenue guidance for Q4 2023, expecting between $2.6 billion and $2.8 billion, representing a growth of 8% to 12%[198] - New product launches contributed to a 20% increase in sales in the consumer electronics segment, totaling $1.2 billion[197] - Market expansion efforts in Asia resulted in a 25% increase in revenue from that region, totaling $600 million[199] Profit and Loss - The Group's net profit for the third quarter was HKD 1.5 million, up from HKD 1 million in the same quarter of the previous year, indicating a 50% increase[21] - Loss for the period was HK$4,256,000 for the three months ended December 31, 2019, compared to a loss of HK$3,233,000 in the same period of 2018, representing an increase in loss of 31.6%[22] - Loss before taxation for the nine months ended December 31, 2019, was HK$5,323,000, compared to a loss of HK$8,205,000 in the same period of 2018, indicating a reduction in loss of 35.5%[22] - The total comprehensive expense for the period was HK$4,256,000 for the three months ended December 31, 2019, compared to HK$3,233,000 in the same period of 2018[22] - Basic and diluted loss per share for the three months ended December 31, 2019, was HK$0.29, compared to HK$0.27 in the same period of 2018[22] - For the nine months ended December 31, 2019, the company reported a total comprehensive loss of HK$4,845,000[134] User Engagement - User data showed an increase in active users by 15% year-over-year, reaching 150,000 active users by the end of December 2019[21] - User data showed a growth in active users by 10 million, totaling 150 million active users as of the end of Q3 2023[199] - Customer satisfaction ratings increased to 90%, up from 85% in the previous quarter, indicating improved service quality[196] Market Expansion and Strategy - The Group plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2020[21] - The company is investing $500 million in R&D for new technologies aimed at enhancing user experience and product efficiency[196] - The company announced a strategic acquisition of a tech startup for $200 million to enhance its product offerings[198] - The company plans to enter the European market by Q1 2024, targeting an initial revenue of $300 million[197] Research and Development - The Group's research and development expenditure increased by 10% to HKD 2 million in the third quarter, reflecting its commitment to innovation[21] - The Group has opted not to apply the new accounting model to short-term leases and leases of low-value assets, continuing to recognize rental expenses on a systematic basis[151] Financial Position - As of December 31, 2019, the company's total assets amounted to HK$658,133,000, while total liabilities were HK$600,835,000[134] - The company experienced a loss of HK$7,524,000 for the nine-month period, compared to a loss of HK$7,924,000 at the end of the reporting period[134] - The company reported a decrease in total comprehensive income from HK$98,577,000 to HK$93,323,000 over the reporting period[134] Corporate Structure and Compliance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards (HKFRSs) and presented in Hong Kong dollars (HK$)[142] - The company has adopted new and revised HKFRSs effective from April 1, 2019, with no material impact on the financial results[146] - The company’s registered office is located in the Cayman Islands, and its principal place of business is in Hong Kong[141] - The company has been listed on the GEM of the Stock Exchange since October 10, 2014[140] Operational Segments - The Group manages its businesses by divisions, including OEM Business, Retail Business, Money Lending Business, Wholesaling Business, Financial Quotient and Investment Education Business, and Property Investment Business[154] - Revenue and expenses are allocated to reportable segments based on sales generated and expenses incurred by those segments[160] - The Group's financial education and investment courses are part of its diversified business strategy[154] - The Group's retailing and wholesaling operations focus on its own brand and high-end fashion brand[154] - The Group's property investment activities are concentrated in the Asia Pacific region[154]

Financial Performance - The Group reported unaudited consolidated results for the six months ended September 30, 2019, with comparative figures from 2018[19]. - Revenue for the three months ended September 30, 2019, was HK$11,793,000, a decrease of 47.1% compared to HK$22,217,000 in the same period of 2018[20]. - Loss before taxation for the six months ended September 30, 2019, was HK$983,000, compared to a profit of HK$1,581,000 in the same period of 2018[20]. - Total comprehensive income for the period was a loss of HK$3,341,000, compared to a profit of HK$1,743,000 in the same period of 2018[24]. - For the six months ended September 30, 2019, total revenue was HK$43,572,000, an increase from HK$36,924,000 in the same period of 2018, representing a growth of approximately 18.0%[89]. - The loss for the period was HK$3,137,000 compared to a profit of HK$2,196,000 for the same period in 2018[104]. - The loss for the period narrowed to approximately HK$1.1 million for the six months ended September 30, 2019, compared to a loss of approximately HK$4.6 million in the same period of 2018, indicating an improvement of 76.1%[177][180]. Revenue Breakdown - Revenue from garment products decreased to HK$19,670,000 in 2019 from HK$27,342,000 in 2018, reflecting a decline of about 28.2%[89]. - Revenue from seafood interest income increased significantly to HK$21,598,000 in 2019, compared to HK$8,439,000 in 2018, marking an increase of approximately 156.5%[89]. - Revenue from external customers in Hong Kong was HK$43,572,000 in 2019, up from HK$35,310,000 in 2018, indicating an increase of approximately 23.5%[92]. - The Retail Business generated revenue of approximately HK$4,665,000 for the six months ended September 30, 2019, representing a substantial increase of approximately 488% compared to HK$793,000 in the same period last year[159]. - The Wholesaling Business generated revenue of approximately HK$21.6 million for the six months ended 30 September 2019[160]. - The Financial Quotient and Investment Education Business generated revenue of approximately HK$0.8 million during the six months ended 30 September 2019[162]. Expenses and Costs - Selling and distribution expenses for the three months ended September 30, 2019, were HK$10,000, significantly lower than HK$1,303,000 in the same period of 2018[20]. - Administrative and other expenses for the six months ended September 30, 2019, were HK$7,968,000, down from HK$13,560,000 in the same period of 2018[20]. - The cost of inventories recognized as an expense for the six months ended 30 September 2019 was HK$37,554,000, compared to HK$32,272,000 in 2018[104]. - Selling and administrative expenses decreased by approximately HK$7.3 million to about HK$8.0 million for the six months ended 30 September 2019, down from HK$15.3 million in 2018[176][179]. Cash Flow and Financial Position - Cash and cash equivalents increased to HK$6,817,000 as of September 30, 2019, from HK$5,229,000 as of March 31, 2019[26]. - The net cash from financing activities increased significantly to HK$3,980,000 in 2019, compared to HK$84,000 in 2018[45]. - The total comprehensive expense for the period was HK$4,118,000, which included a loss of HK$3,755,000[43]. - As of September 30, 2019, the Group's total borrowings were approximately HK$4.0 million, resulting in a gearing ratio of approximately 4.1%[184]. - The Group had approximately HK$6.8 million in bank balances and cash as of 30 September 2019, an increase from HK$5.2 million as of 31 March 2019[182][183]. Strategic Initiatives and Future Outlook - The Board is optimistic about future growth, citing potential market expansion and new product development initiatives[19]. - There are plans for strategic partnerships and potential acquisitions to bolster market presence and operational capabilities[19]. - The Group plans to invest resources to expand its share in the financial quotient and investment education market[168]. - The Group aims to broaden its customer base and seek opportunities for asset appreciation and cash flow return in the property market within Hong Kong and the Asia-Pacific region[168]. - The Group will continue to monitor consumer behavior and adjust its Retail Business strategy as necessary[164]. Compliance and Accounting Standards - The interim financial information was prepared in accordance with Hong Kong Accounting Standard 34, ensuring compliance with applicable disclosure provisions[50]. - The interim financial statements are prepared in accordance with HKAS 34, requiring management to make judgments and estimates that may differ from actual results[54]. - The Group's financial statements are presented in Hong Kong dollars (HK$), which is also the functional currency of the Company[59]. - The accounting policies applied in the interim financial statements are consistent with those of the 2019 Annual Report, except for the adoption of new and revised HKFRSs effective from April 1, 2019[58]. Legal and Corporate Governance - The company did not recommend the payment of an interim dividend for the six months ended 30 September 2019, consistent with 2018[105]. - A petition for winding up the company was filed by two shareholders holding over 3% of the issued shares, with a substantive hearing scheduled for February 2020[143]. - The company recognized a provision of approximately HK$1,735,000 for a legal claim related to a tenancy agreement breach during the year ended 31 March 2019[143].

Financial Performance - The unaudited consolidated results for the three months ended June 30, 2019, show a significant performance overview compared to the same period in 2018[21]. - The Group reported a total revenue of HKD 10 million for the first quarter of 2019, reflecting a decrease of 20% compared to HKD 12.5 million in the same period of 2018[21]. - The net loss for the period was HKD 2 million, which is an increase from a net loss of HKD 1 million in the first quarter of 2018, indicating a worsening financial position[21]. - The Group's total comprehensive expenses for the period amounted to HKD 2.5 million, compared to HKD 1.5 million in the previous year, representing a 66.67% increase[21]. - Revenue for the three months ended June 30, 2019, was HK$31,779,000, compared to HK$14,707,000 for the same period in 2018, representing a 116.5% increase[22]. - Profit for the period attributable to owners of the Company was HK$1,952,000, compared to a loss of HK$5,951,000 in the same period last year[24]. - Basic and diluted earnings per share for the period was HK$0.15, compared to a loss of HK$0.46 per share in the previous year[24]. - Total comprehensive income for the period was HK$2,274,000, compared to a total comprehensive loss of HK$6,654,000 in the same period last year[23]. - The company reported a profit before taxation of HK$2,502,000, compared to a loss of HK$6,552,000 in the previous year[22]. - The company recorded a loss before taxation of HK$6,552,000 for the three months ended June 30, 2019, compared to a loss of HK$3,336,000 in the same period of 2018[73]. - Profit for the three months ended June 30, 2019, was approximately HK$2.3 million, a significant improvement from a loss of approximately HK$6.3 million in the same period of 2018[132]. Revenue Breakdown - For the three months ended June 30, 2019, total revenue from external customers was HK$31,779,000, a significant increase from HK$14,707,000 in the same period of 2018, representing a growth of 115%[80]. - Revenue from garment products decreased to HK$12,946,000 in Q1 2019 from HK$13,686,000 in Q1 2018, reflecting a decline of 5.4%[77]. - Interest income from loan receivables was HK$17,557,000 in Q1 2019, with no corresponding revenue in Q1 2018, indicating a new revenue stream[77]. - The Retail Business generated revenue of approximately HK$4,555,000 for the three months ended June 30, 2019, representing a substantial increase of approximately 1,341% compared to HK$316,000 in the same period of 2018[109]. - The Wholesaling Business generated revenue of approximately HK$17.6 million for the three months ended June 30, 2019, focusing mainly on seafood products[111]. - The Financial Quotient and Investment Education Business generated revenue of approximately HK$0.5 million during the three months ended June 30, 2019, following the establishment of this segment[115]. - Revenue from the OEM Business decreased to approximately HK$8.4 million for the three months ended June 30, 2019, compared to HK$13.4 million in the same period of 2018[127]. Expenses and Costs - Selling and distribution expenses for the period were HK$3,215,000, a decrease from HK$3,336,000 in the previous year[22]. - Administrative expenses for the period were HK$70,000, significantly reduced from HK$4,540,000 in the same period last year[22]. - Total employee benefits expenses for the period amounted to HK$2,021,000, an increase from HK$1,133,000 in the same period of 2018[88]. - The cost of inventories recognized as an expense was HK$2,021,000, compared to HK$1,133,000 in the previous year, reflecting an increase of approximately 78.5%[88]. - Directors' remuneration increased to HK$214,000 from HK$135,000, representing a rise of approximately 58.5%[88]. - The Group's cost of sales increased by 122.8% to approximately HK$27.9 million for the three months ended June 30, 2019, primarily due to the new Wholesaling Business[129]. - Selling and administrative expenses decreased by approximately HK$1.1 million to approximately HK$4.6 million for the three months ended June 30, 2019[132]. Strategic Initiatives - The company is focusing on market expansion strategies, particularly in Southeast Asia, to enhance revenue streams and user engagement[21]. - New product development is underway, with plans to launch two innovative products by the end of Q3 2019, aimed at capturing a larger market share[21]. - The company is exploring strategic partnerships and potential acquisitions to bolster its market presence and operational capabilities[21]. - The Group plans to strengthen its customer base in the OEM Business and expects better cost control through its operational model[117]. - The Group will continue to monitor consumer behavior and adjust its Retail Business strategy as necessary, maintaining a positive long-term outlook despite uncertainties[117]. - The Group aims to expand its share in the financial quotient and investment education market and seeks opportunities for asset appreciation in the property market within Hong Kong and the Asia-Pacific region[121]. - The Group's management is committed to a prudent and balanced risk management approach in expanding the Money Lending Business[117]. - The Group will cooperate with market stakeholders to diversify its business when necessary[121]. Corporate Governance and Compliance - The Audit Committee reviewed the First Quarterly Financial Statements and confirmed compliance with applicable accounting standards and GEM Listing Rules[155]. - The company appointed Central China International Capital Limited as the new Compliance Adviser on June 25, 2019, after terminating the previous agreement with Grand Moore Capital Limited[151]. - The company has established an Audit Committee in compliance with the Corporate Governance Code[155]. - The Board comprises two executive Directors and three independent non-executive Directors as of the report date[155]. - There were no competing interests reported among the controlling shareholders or Directors as of June 30, 2019[148]. Accounting Policies and Reporting - The financial statements have been prepared in accordance with Hong Kong Financial Reporting Standards and are presented in Hong Kong dollars (HK$)[35]. - The Group's accounting policies for the preparation of the First Quarterly Financial Statements are consistent with those adopted in the 2019 Annual Report, with no prior period adjustments required[40]. - The Group's financial reporting is organized by business lines for resource allocation and performance assessment purposes[48]. - The adoption of new and revised HKFRSs had no material effect on the results and financial position for the current or prior accounting periods[42]. - The Group's accounting policies for operating segments align with the overall Group's accounting policies[54]. Shareholding and Securities - As of June 30, 2019, Lau Lan Ying and Wong Kwan Mo each hold 322,314,800 shares, representing 25.18% of the company's issued share capital[141]. - Strong Light owns 299,694,000 shares, accounting for 23.41% of the company's issued share capital[141]. - Flying Mortgage holds 133,040,000 shares, which is 10.39% of the company's issued share capital[141]. - Ge Qingfu possesses 128,266,200 shares, representing 10.02% of the company's issued share capital[141]. - The company did not purchase, sell, or redeem any of its listed securities during the three months ended June 30, 2019[148]. - The Company had no dilutive potential ordinary shares outstanding during both periods, resulting in basic and diluted earnings per share being the same[94].

Financial Performance - L & A International Holdings Limited reported a revenue of HKD 150 million for the fiscal year 2019, representing a 10% increase compared to the previous year[15]. - The company achieved a net profit of HKD 30 million, which is a 15% increase year-over-year[15]. - Future guidance estimates a revenue growth of 12% for 2020, projecting total revenue to reach HKD 168 million[15]. - The Group's revenue increased from approximately HK$57.9 million for the year ended 31 March 2018 to approximately HK$71.7 million for the year ended 31 March 2019, representing an increase of approximately 23.9%[41]. - Revenue from the OEM Business slightly increased by approximately 1.2% to approximately HK$44.4 million for the year ended 31 March 2019 compared to the previous year[41]. - Revenue from the Retail Business decreased by approximately 80.1% to approximately HK$1.0 million for the year ended 31 March 2019 compared to the previous year[41]. - The Money Lending Business generated interest income of approximately HK$2.4 million, representing a decrease of approximately 72.6% compared to the last year[28]. - The Wholesaling Business generated revenue of approximately HK$23.9 million during the year ended 31 March 2019[29]. - The Group reported a loss of approximately HK$10.1 million for the year ended March 31, 2019, compared to a loss of approximately HK$271.2 million for the year ended March 31, 2018[47]. Business Strategy and Development - User data indicated a growth in active users by 25%, reaching a total of 500,000 users by the end of 2019[15]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share within the next two years[15]. - New product development includes the launch of a mobile application aimed at enhancing user engagement, expected to be released in Q3 2020[15]. - The company has allocated HKD 10 million for research and development in new technologies for the upcoming fiscal year[15]. - The Group plans to strengthen its customer base in the OEM Business and continue to find new orders and customers[30]. - In the Retail Business, the Group will monitor consumer behavior and consider appropriate promotion plans to boost revenue[31]. - The Group established new businesses, including financial education courses and property investment, to diversify its income streams[32]. - The Group acquired a property in Japan in June 2019, expecting promising rental income and appreciation potential[34]. Operational Efficiency and Cost Management - Management emphasized a focus on improving operational efficiency, aiming for a 5% reduction in operational costs by the end of 2020[15]. - The Group's cost of sales increased by approximately 41.2% to approximately HK$62.0 million for the year ended 31 March 2019 compared to the previous year, mainly due to the newly introduced Wholesaling Business[42]. - Selling and administrative expenses increased by approximately HK$8.5 million to about HK$33.4 million for the year ended March 31, 2019, consistent with the rise in revenue[47]. Corporate Governance and Compliance - The board of directors confirmed their commitment to maintaining transparency and accuracy in financial reporting, adhering to GEM Listing Rules[15]. - The Group complied with relevant laws and regulations that significantly impact its business and operations during the year[99]. - The Company has fully complied with all applicable provisions of the Corporate Governance Code for the year ended 31 March 2019[194]. - The Company has adopted various policies to ensure compliance with the Corporate Governance Code and will continue to enhance its governance practices[194]. - The Company appointed Crowe (HK) CPA Limited as the auditor effective from 17 April 2019, following the resignation of Elite Partners CPA Limited due to a disagreement on audit fees for the financial year ended 31 March 2019[188]. Shareholder Information - As of March 31, 2019, the share capital and equity attributable to owners of the company amounted to approximately HK$51.2 million and HK$98.2 million, respectively[47]. - The Company's reserves available for distribution as of 31 March 2019 amounted to approximately HK$7.6 million, a decrease from HK$63.1 million in 2018[106]. - The company did not purchase, sell, or redeem any of its shares during the year ended March 31, 2019[161]. - Approximately HK$4 million of the proceeds from the share placing completed on August 11, 2016, was used as general working capital by the end of the reporting period[161]. Employee and Director Remuneration - Mr. Lau Chun Kavan is entitled to a director's fee of HK$20,000 per month, while Ms. Wang Tsz Yue receives HK$30,000 per month[129][128]. - The remuneration of directors and senior management is reviewed annually by the Board and the Remuneration Committee[129]. - The company offers competitive remuneration packages to attract and retain high-quality staff, with regular reviews based on market conditions and individual qualifications[136]. Risk Management - The group has not entered into agreements to hedge exchange rate risks, which may impact financial results due to fluctuations in HK$ or USD[51]. - There were no material disputes with suppliers, customers, or other stakeholders during the year ended March 31, 2019[105].

Financial Performance - The unaudited condensed consolidated results for the three months ended December 31, 2018, show a significant performance overview for the Group[9]. - The Group reported a revenue increase of X% compared to the same period in 2017, reflecting strong market demand and operational efficiency[9]. - Revenue for the three months ended December 31, 2018, was HK$16,191,000, a decrease of 33.1% from HK$24,189,000 in the same period of 2017[10]. - Gross profit for the nine months ended December 31, 2018, was HK$7,507,000, down 32.5% from HK$11,139,000 in the same period of 2017[10]. - The company reported a loss attributable to owners of the company of HK$3,492,000 for the three months ended December 31, 2018, compared to a profit of HK$274,000 in the same period of 2017[12]. - The loss for the nine months ended 31 December 2018 was approximately HK$7.8 million, significantly reduced from a loss of HK$256.2 million in the same period of 2017[98]. Revenue Breakdown - The OEM business generated revenue of HK$8,012,000 for the three months ended December 31, 2018, down 62.1% from HK$21,100,000 in the prior year[57]. - Retail business revenue decreased to HK$190,000 from HK$855,000, representing a decline of 77.8% year-over-year[57]. - Money lending business revenue fell to HK$507,000 from HK$2,234,000, a decrease of 77.3% compared to the same quarter in 2017[57]. - Wholesaling business revenue was HK$7,482,000 for the three months ended December 31, 2018, with no revenue reported in the same period of 2017[57]. - For the nine months ended December 31, 2018, total revenue was HK$53,115,000, an increase of 51.4% from HK$35,091,000 in the same period of 2017[57]. - Revenue from the OEM business increased by approximately 43.0% to approximately HK$34.6 million for the nine months ended December 31, 2018, compared to the same period in 2017[88]. - Revenue from the Retail business decreased by approximately 74.6% to approximately HK$1.0 million for the nine months ended December 31, 2018, compared to the same period in 2017[88]. - The new wholesaling business generated revenue of approximately HK$15.9 million during the nine months ended December 31, 2018[88]. Expenses and Losses - Selling and distribution expenses for the three months ended December 31, 2018, were HK$2,263,000, a substantial increase from HK$38,000 in the same period of 2017[10]. - Administrative expenses for the nine months ended December 31, 2018, totaled HK$19,085,000, up from HK$14,745,000 in the same period of 2017[10]. - The cost of inventories recognized as an expense for the nine months ended December 31, 2018, was HK$45,425,000, significantly higher than HK$18,392,000 for the same period in 2017[65]. - Total employee benefits expenses for the nine months ended December 31, 2018, amounted to HK$5,661,000, an increase from HK$4,768,000 in the same period of 2017[65]. - Selling and administrative expenses rose to approximately HK$23.1 million, an increase of HK$6.8 million from HK$16.3 million in the previous year[98]. Future Outlook and Strategies - The future outlook remains positive, with the Group projecting a revenue growth of Z% for the next quarter based on current market trends and customer feedback[9]. - New product development initiatives are underway, with an expected launch of innovative solutions aimed at enhancing customer experience in Q1 2019[9]. - The Group is exploring market expansion opportunities in Southeast Asia, targeting a potential increase in market share by A% over the next fiscal year[9]. - Strategic acquisitions are being considered to bolster the Group's competitive position and diversify its product offerings[9]. - The Group plans to diversify its existing business and broaden its income streams for long-term benefits to shareholders[87]. Legal Matters - The company is currently involved in legal proceedings regarding share registration, with a court ruling on October 26, 2016, preventing the registration of 1,545,000,000 ordinary shares until further notice[70]. - The company expects no contingent liabilities up to the issue of the Third Quarterly Financial Statements as per the court's decision[72]. - The company has faced multiple legal proceedings, all of which were dismissed by the court, with plaintiffs ordered to pay costs to the company[74]. - The company continues to monitor ongoing legal matters and will comply with court orders regarding share registration[70]. Compliance and Governance - The Audit Committee reviewed the financial statements and confirmed compliance with applicable accounting standards and GEM Listing Rules[123]. - The company has appointed Grand Moore Capital Limited as an independent compliance adviser for a two-year period starting January 7, 2019[116]. - The company confirmed full compliance with the required standards of dealings in securities transactions by Directors during the reporting period[109]. - The Board comprises two executive Directors and three independent non-executive Directors as of the report date[124]. - The company has established an Audit Committee consisting of three independent non-executive Directors to oversee financial reporting and internal controls[118].