Financial Performance - For the three months ended September 30, 2022, the Group reported revenue of HK$94,946,000, a slight increase of 0.73% compared to HK$94,259,000 in the same period of 2021[10]. - The gross profit for the same period was HK$8,104,000, down 12.3% from HK$9,241,000 year-on-year[10]. - Profit before taxation decreased to HK$1,262,000, representing a decline of 69.6% compared to HK$4,142,000 in the previous year[10]. - The profit for the period was HK$962,000, down 74.4% from HK$3,762,000 in the corresponding period of 2021[10]. - Basic and diluted earnings per share were HK$0.22, a decrease of 65.6% from HK$0.64 in the same period last year[11]. - Total comprehensive income for the period attributable to owners of the Company was HK$416,000, down 88.1% from HK$3,507,000 in the previous year[11]. Revenue Breakdown - Revenue from Environmental and Cleaning services for the three months ended September 30, 2022, was HK$92,685,000, a slight increase from HK$91,005,000 in the same period of 2021, representing a growth of 1.84%[27]. - Interest income from Money Lending decreased to HK$2,261,000 in Q3 2022 from HK$3,254,000 in Q3 2021, reflecting a decline of 30.54%[27]. - For the three months ended September 30, 2022, the environmental and cleaning services in Hong Kong generated revenue of approximately HK$88.0 million, an increase from approximately HK$83.1 million for the same period in 2021, attributed to new service contracts in the residential sector[82]. - Revenue from the Hong Kong environmental and cleaning services increased to approximately HK$88 million for the three months ended September 30, 2022, compared to approximately HK$83.1 million for the same period in 2021, driven by new service contracts[85]. Expenses and Costs - The Group's administrative expenses increased significantly to HK$6,865,000, up 67.5% from HK$4,091,000 in the same period of 2021[10]. - Selling, marketing, and administrative expenses increased by approximately HK$2.8 million to approximately HK$7.6 million for the three months ended September 30, 2022, primarily due to higher staff costs and other operational expenses[115]. - Staff costs, including Directors' emoluments, totaled HK$49,328,000 for Q3 2022, down from HK$51,523,000 in Q3 2021, representing a reduction of 4.26%[36]. - Finance costs for the three months ended September 30, 2022, were HK$146,000, down from HK$373,000 in the same period of 2021, a decrease of 60.81%[33]. Impairment and Losses - The Group recognized an impairment loss of approximately HK$46 million on past due loans and interest receivables due to financial difficulties faced by borrowers amid challenging economic conditions[92][95]. - The money lending business recorded a net profit of approximately HK$1.2 million for the three months ended September 30, 2022, down from approximately HK$2.6 million in 2021, excluding an impairment loss of approximately HK$46 million[94][95]. Taxation - The provision for Hong Kong Profits Tax for the period was calculated at 16.5% of estimated assessable profits, with the first HK$2,000,000 taxed at 8.25%[39]. - The income tax expense for the period was HK$300,000, down from HK$380,000 in the previous year, reflecting a decrease of 21.1%[52]. - The PRC subsidiaries are subject to a 25% Enterprise Income Tax rate for the three months ended 30 September 2022, consistent with the previous year[43]. Corporate Governance - The Company has maintained high standards of corporate governance, applying the principles of the Corporate Governance Code and GEM Listing Rules[147]. - The roles of chairman and chief executive officer are performed by the same individual, Mr. Yu Shaoheng, which deviates from Code provision A.2.1, but the Company believes adequate representation of shareholders' interests is maintained[150]. - All non-executive Directors are not appointed for a specific term, which deviates from Code provision A.4.1, but they are subject to retirement by rotation and re-election[150]. - The audit committee reviewed the Group's financial and accounting policies, internal controls, and financial reporting for the three months ended September 30, 2022, concluding that the results complied with applicable accounting standards[152]. Market Conditions - The prolonged Sino-US trade tensions and the global spread of COVID-19 have created a challenging economic environment for the Group's operations in both Hong Kong and the PRC[92]. - The Group is facing intensified labor market competition in Hong Kong, leading to a higher labor turnover rate in the environmental and cleaning services industry[103]. - The Shanghai Operations are not expected to significantly improve in the coming fiscal year due to negative factors affecting nearly all sectors of businesses in Shanghai[107]. Future Strategies - To mitigate increased labor costs, the Group aims to transfer most of these costs to customers and implement more efficient workflows and stringent cost control procedures[103]. - The Group plans to strengthen marketing efforts to expand market shares in the commercial and residential sectors and focus on high-value customers for additional revenue through cross-selling services[104]. - The Group continues to strengthen its risk management policy in the money lending business, focusing on reducing exposure to high-risk loans[108]. Shareholder Information - The weighted average number of ordinary shares for the purpose of basic and diluted earnings per share remained unchanged at 540,000 shares[52]. - As of September 30, 2022, the total number of shares available for issue under the Share Option Scheme was 54,000,000 shares, representing 10% of the shares in issue[124]. - Mr. Yu Shaoheng held 350,536,631 ordinary shares, representing 64.91% of the total issued share capital as of the latest practicable date[130]. - Mr. Yu Weiye and Ms. Mui Fong each held 54,431,400 ordinary shares, representing 10.08% of the total issued share capital[135]. Dividends - No dividends were recommended for the three months ended September 30, 2022, remaining at HK$Nil compared to the same period in 2021[49]. - The Board does not recommend the payment of any dividend for the three months ended September 30, 2022[116].

Revenue and Financial Performance - The Group's revenue from environmental and cleaning services in Hong Kong increased by approximately HK$30 million to approximately HK$336.9 million for the year ended 30 June 2022, compared to HK$306.9 million for the year ended 30 June 2021[22]. - For the year ended June 30, 2022, the Group reported total revenue of approximately HK$370.3 million, representing an increase of approximately 4.4% compared to HK$354.8 million in 2021[76]. - Revenue from environmental and cleaning services in Hong Kong increased by approximately HK$30.0 million to approximately HK$336.9 million for the year ended June 30, 2022, due to several service contracts awarded[76]. - The commercial sector contributed HK$136.8 million (40.6% of total revenue) in 2022, up from HK$128.5 million (41.9%) in 2021, while the residential sector increased to HK$131.3 million (39.0%) from HK$111.0 million (36.2%) in the same period[25]. - The hospitality sector saw a significant revenue increase, although it remains severely affected by COVID-19, with expectations of limited improvement in the coming fiscal year[29]. - Revenue from the transportation sector decreased due to significant declines in service volume and pricing, attributed to the global impact of COVID-19[30]. - Revenue from Shanghai operations decreased by approximately HK$12.3 million to about HK$23.5 million for the year ended June 30, 2022, with net profit dropping to HK$0.5 million from HK$3.3 million in the previous year[39]. - The decline in Shanghai's financial performance was primarily due to lost service contracts from pricing competition and reduced service volumes from existing customers affected by the city-wide lockdown[39]. Money Lending Business - The Group conducts its money lending business in Hong Kong and the PRC under the relevant licenses[16]. - The Group focused on its money lending business, providing secured and unsecured loans with a cautious approach, ensuring only financially sound borrowers are considered[40]. - The Group's average gross loan balance decreased from approximately HK$123.4 million as of June 30, 2021, to approximately HK$104.2 million as of June 30, 2022, primarily due to repayments from borrowers in Hong Kong with no new loans granted during the year[49]. - Loans to the top borrower and top five borrowers constituted 47.5% and 97.6% of the Group's net loans receivables as of June 30, 2022, compared to 35.1% and 84.1% in 2021[52]. - The Group's total outstanding loan balances as of June 30, 2022, were HK$104.2 million, with an expected credit loss allowance of HK$46.2 million, resulting in a net balance of HK$57.9 million[50]. - Interest income from the money lending business for the year ended June 30, 2022, was approximately HK$9.9 million, a decrease from HK$12.1 million in 2021, while operating profit was approximately HK$5.2 million, down from HK$6.4 million[60]. - The Group has recognized full impairment loss on past due loan receivables due to borrowers facing financial difficulties amid economic challenges[55]. - The Group is actively pursuing legal proceedings against borrowers who have defaulted on their loans to recover principal and interest[55]. Operational Strategies and Market Conditions - The Group aims to strengthen marketing efforts to expand market shares in the commercial and residential sectors[68]. - The Group plans to explore new environmental and cleaning services to provide a one-stop cleaning contractor solution for customers[68]. - The management of the Shanghai Operations has refined its marketing strategies to attract new customers and implemented efficient workflows and stringent cost control[72]. - The Group's strategy includes continuous review and adjustment of its investment portfolio to generate reasonable returns based on market conditions[59]. - The Group's operations are subject to macroeconomic conditions, which can impact market demand and customer repayment abilities, potentially affecting revenue and liquidity[166]. - The Group's financial risk management policies are regularly adjusted based on market conditions to mitigate potential adverse impacts[166]. Employee and Management Information - As of June 30, 2022, the group had 1,189 employees, with total employee costs and related expenses amounting to approximately HK$204.1 million, an increase from HK$199.9 million in 2021[107]. - The Group is focused on maintaining competitive compensation plans for employees, including salaries, allowances, insurance, and training[107]. - The Group conducts annual staff performance appraisals to inform salary reviews and promotion decisions[198]. - The remuneration of Directors is based on their duties, responsibilities, and market conditions[199]. - The company’s executive directors have extensive experience in environmental and cleaning services, contributing to the group's operational management[121][125]. Financial Position and Assets - As of June 30, 2022, the Group's cash and cash equivalents were approximately HK$74.5 million, an increase from approximately HK$72.5 million in 2021, primarily due to net cash inflows from operating activities[92]. - The Group reported net current assets of approximately HK$147.2 million as of June 30, 2022, compared to approximately HK$138.3 million in 2021, with a current ratio of approximately 2.9 times, up from 2.5 times in 2021[93]. - The total interest-bearing borrowings decreased to HK$23.4 million in 2022 from HK$35.1 million in 2021, resulting in a gearing ratio of 10.98%, down from 17.3% in the previous year[95]. - The Group's properties with carrying values were approximately HK$58.3 million, up from approximately HK$54.5 million in 2021, pledged as security for bank loans[98]. - The Group's bank loans stood at HK$21.4 million as of June 30, 2022, compared to HK$22.4 million in 2021[95]. - As of June 30, 2022, the Company's distributable reserves amounted to approximately HK$99.3 million, a decrease from HK$101.6 million in 2021[180]. Risk Management and Compliance - The Group has identified key risks that may adversely affect its businesses, financial conditions, and growth prospects[145]. - Significant risks include those specific to the Group and the industries in which it operates[145]. - The Group's management has established a policy to continuously identify, report, monitor, and manage significant risks[145]. - The Group has maintained compliance with relevant laws and regulations, including GEM Listing Rules and the Money Lenders Ordinance, throughout the reporting period[169]. - The Group has taken out insurance policies to cover potential litigation claims, but outcomes may still be unfavorable, impacting financial conditions[159]. Environmental and Social Responsibility - The Group is committed to environmental sustainability, implementing practices such as paperless systems and recycling initiatives[167]. - Charitable donations made by the Group during the year totaled HK$6,000[170].

Financial Performance - Revenue for the nine months ended March 31, 2022, was HK$280,974,000, representing an increase of 6.4% compared to HK$262,633,000 for the same period in 2021[12]. - Gross profit for the three months ended March 31, 2022, was HK$8,955,000, up 12.4% from HK$7,963,000 in the same period of 2021[12]. - Profit before taxation for the nine months ended March 31, 2022, was HK$15,177,000, a decrease of 17.9% from HK$18,400,000 in the previous year[12]. - Profit for the period attributable to owners of the Company for the three months ended March 31, 2022, was HK$3,690,000, compared to HK$214,000 in the same period of 2021[13]. - Earnings per share for the three months ended March 31, 2022, was 0.68 HK cents, compared to 0.04 HK cents in the same period of 2021[13]. - Total comprehensive income for the period attributable to owners of the Company for the nine months ended March 31, 2022, was HK$14,590,000, down from HK$18,518,000 in the previous year[13]. - The Company reported other income of HK$4,691,000 for the nine months ended March 31, 2022, compared to HK$13,630,000 in the same period of 2021[12]. - For the nine months ended March 31, 2022, service income from Environmental and Cleaning services was HK$271,529,000, representing an increase of 6.3% from HK$253,927,000 in the same period of 2021[28]. - Total turnover for the nine months ended March 31, 2022, was HK$280,974,000, compared to HK$262,633,000 for the same period in 2021, marking a growth of 7.0%[28]. - For the nine months ended March 31, 2022, the profit attributable to owners of the Company was HK$14,250,000, compared to HK$16,812,000 for the same period in 2021, representing a decrease of approximately 9.2%[47]. Expenses and Costs - Administrative expenses decreased to HK$13,843,000 for the nine months ended March 31, 2022, from HK$15,466,000 in the previous year, reflecting a cost reduction strategy[12]. - The total staff costs, including directors' emoluments, amounted to HK$152,356,000 for the nine months ended March 31, 2022, an increase of 4.3% from HK$145,856,000 in the same period of 2021[36]. - The depreciation of property, plant, and equipment increased to HK$3,064,000 for the nine months ended March 31, 2022, compared to HK$2,357,000 in the previous year, reflecting a rise of 29.9%[36]. - The current tax provision for the nine months ended March 31, 2022, was HK$868,000, up from HK$761,000 in the same period of 2021, indicating an increase of 14.1%[38]. - The income tax expenses for the nine months ended March 31, 2022, totaled HK$540,000, a decrease from HK$784,000 in the same period of 2021, representing a decline of 30.9%[38]. - The cost of consumable goods for the nine months ended March 31, 2022, was HK$5,096,000, down from HK$5,614,000 in the previous year, reflecting a decrease of 9.2%[36]. Business Operations - The Company continues to focus on expanding its environmental cleaning services in Hong Kong and the PRC, which remains a key growth area[16]. - The money lending business has been operational in Hong Kong since 2017 and expanded to the PRC in 2019[67]. - The Group's operating segments include Environmental and Cleaning services, Money Lending, and Investments, focusing on resource allocation and performance assessment[21]. - The Shanghai operations experienced a revenue decline of approximately HK$6.2 million, recording revenue of approximately HK$20.4 million for the nine months ended March 31, 2022, compared to HK$26.6 million in 2021[78][80]. - The Group is facing higher labor turnover rates in the environmental and cleaning services industry, prompting efforts to transfer increased labor costs to customers and implement stringent cost control measures[94]. - The Shanghai Operations have been significantly impacted by COVID-19 lockdowns, leading to challenges in service contracts bidding and operations[99]. Investments and Financial Assets - The Group invested in financial assets classified as fair value through profit or loss, consisting solely of shares of companies listed on the Stock Exchange[68]. - The Group recorded a revaluation gain of approximately HK$4.4 million on its commercial properties in Hong Kong as of 31 December 2021, a recovery from a loss of approximately HK$0.1 million the previous year[85][88]. - The Group's investment strategy includes continuous review and adjustment of the investment portfolio, resulting in a net unrealized fair value loss of approximately HK$9,000 for the nine months ended March 31, 2022[86][89]. - The Group recognized a net realized gain on disposals of approximately HK$30,000 from investments in financial assets during the nine months ended March 31, 2022, compared to a net realized loss of approximately HK$0.8 million in the previous year[86][89]. - The unrealized fair value loss on Alibaba Group Holding Limited for the nine months ended March 31, 2022 was HK$8,700[93]. Corporate Governance - The Company is committed to maintaining compliance with the GEM Listing Rules and ensuring the accuracy of its financial reporting[6]. - The audit committee reviewed the financial results for the nine months ended March 31, 2022, and confirmed compliance with applicable accounting standards[143]. - The Company has adopted a code of conduct for securities transactions by Directors, with no reported non-compliance during the reporting period[134]. - The Board believes it has complied with the Corporate Governance Code and GEM Listing Rules, with some deviations noted regarding the roles of chairman and CEO[137]. - The Company maintains high standards of corporate governance to safeguard shareholder interests[136]. Shareholder Information - The share option scheme allows for the issuance of up to 54 million shares, representing 10% of the shares in issue as of March 31, 2022[116]. - No share options were granted or outstanding under the share option scheme for the nine months ended March 31, 2022[117]. - As of March 31, 2022, Mr. Yu Shaoheng held a beneficial ownership of 350,536,631 shares, representing 64.91% of the total issued share capital of the company[122]. - Mr. Yu Weiye holds 54,431,400 shares, representing 10.08% of the total issued share capital of the Company[127]. - Ms. Mui Fong, as the spouse of Mr. Yu Weiye, is deemed to be interested in the same 54,431,400 shares[130]. - The board of directors did not recommend any dividend payment for the nine months ended March 31, 2022[109]. - No Directors or controlling shareholders have interests in competing businesses during the reporting period[135].

Financial Performance - For the six months ended December 31, 2021, the company reported revenue of HK$186,159,000, an increase of 6.3% compared to HK$174,814,000 for the same period in 2020[17]. - Gross profit for the same period was HK$18,197,000, representing a gross margin of 9.8%[17]. - Profit for the period decreased to HK$10,852,000, down 36.8% from HK$17,092,000 in the previous year[17]. - Total comprehensive income for the six months ended December 31, 2021, was HK$11,096,000, a decrease of 41.2% from HK$18,815,000 in the same period of 2020[19]. - Profit for the period attributable to owners of the Company was HK$10,560,000, down 36.5% from HK$16,598,000 year-on-year[19]. - Earnings per share for the six months ended December 31, 2021, was 1.96 HK cents, compared to 3.07 HK cents for the same period in 2020, reflecting a decline of 36.2%[19]. - The profit before taxation was HK$11,793,000, down 33.9% from HK$17,825,000 in the same period last year[17]. Expenses and Costs - The company incurred selling and marketing expenses of HK$1,376,000, which is an increase of 11.7% compared to HK$1,232,000 in the prior period[17]. - Administrative expenses were reduced to HK$8,887,000, down 19.1% from HK$10,989,000 in the same period last year[17]. - Finance costs decreased slightly to HK$677,000 from HK$728,000, reflecting a reduction of 7%[17]. - Income tax expenses increased to HK$941,000, compared to HK$733,000 in the previous year, reflecting a rise of 28.4%[17]. - Staff costs, including salaries and wages, totaled HK$102,226,000 for the six months ended December 31, 2021, up from HK$96,430,000 in 2020, reflecting an increase of about 6.0%[84]. Revenue Segmentation - Revenue from Environmental and Cleaning services was HK$179,812,000 for the six months ended December 31, 2021, compared to HK$169,240,000 in the same period of 2020, reflecting a year-on-year increase of about 6.4%[69]. - Money Lending segment generated revenue of HK$6,347,000 for the six months ended December 31, 2021, up from HK$5,574,000 in the previous year, marking an increase of approximately 13.8%[69]. - The Group's revenue from environmental and cleaning services in Hong Kong for the six months ended December 31, 2021, was approximately HK$165.5 million, an increase from approximately HK$151.8 million for the same period in 2020, reflecting a growth of about 9.7%[173]. Assets and Liabilities - Current assets as of December 31, 2021, totaled HK$218,286,000, a decrease from HK$227,977,000 as of June 30, 2021[22]. - Trade receivables increased to HK$72,348,000 as of December 31, 2021, from HK$70,393,000 as of June 30, 2021, indicating a growth of 2.8%[22]. - Net current assets as of December 31, 2021, were HK$143,876,000, up from HK$138,342,000 as of June 30, 2021, representing an increase of 4.0%[22]. - Total equity attributable to owners of the Company increased to HK$210,143,000 as of December 31, 2021, from HK$199,339,000 as of June 30, 2021, reflecting a growth of 5.0%[23]. - Total liabilities were HK$21,886,000, a decrease of 2.3% from HK$22,397,000 as of June 30, 2021[128]. Cash Flow - For the six months ended 31 December 2021, net cash generated from operating activities was HK$10,144,000, a decrease from HK$11,108,000 in the same period of 2020[43]. - The net cash used in investing activities for the six months ended December 31, 2021 was HK$1,666,000, compared to a net cash generated of HK$2,682,000 in the prior year[43]. - The cash and cash equivalents at the end of the period as of 31 December 2021 were HK$68,557,000, down from HK$79,036,000 at the end of 2020[43]. Market and Operational Strategy - The company is focused on enhancing operational efficiency and exploring new market opportunities to drive future growth[17]. - The Group plans to strengthen marketing efforts to expand market share in the commercial and residential sectors[196]. - The Group has been actively monitoring the impact of the COVID-19 pandemic on its operations and financial position, implementing measures to mitigate its effects[163]. Investments and Financial Assets - The Group's investments in financial assets during the period were classified as financial assets at fair value through profit or loss, consisting solely of shares of companies listed on the Stock Exchange[172]. - The Group recorded a net unrealized fair value loss of approximately HK$7,000 from investments in financial assets for the six months ended 31 December 2021[188]. - Meituan reported a realised gain of HK$42,060,000 from disposals during the six months ended December 31, 2021[194]. - Haidilao International Holding Limited experienced a realised loss of HK$17,500,000 during the same period[194]. - Tencent Holdings Limited achieved a realised gain of HK$22,530,000 during the six months ended December 31, 2021[194]. Risk Management - The Group is focusing on reducing exposure to high-risk loans in its money lending business due to economic downturn threats[200]. - A cautious approach will be adopted in the money lending strategies, considering only borrowers with sound financial abilities[200]. - The Group considers the aggregate risks from potential credit losses on trade receivables to be not significant, with no loss allowance made as of the reporting dates[113].

Financial Performance - The Group reported revenue of HK$94,259,000 for the three months ended 30 September 2021, representing an increase of 10.2% compared to HK$85,531,000 in the same period of 2020[12]. - Gross profit for the period was HK$9,241,000, up 23.5% from HK$7,481,000 year-on-year[12]. - Profit before taxation increased significantly to HK$4,142,000, compared to HK$1,336,000 in the previous year, marking a growth of 210.5%[12]. - The profit for the period attributable to owners of the Company was HK$3,468,000, compared to HK$718,000 in the same period last year, reflecting a substantial increase of 384.2%[13]. - Basic and diluted earnings per share rose to HK$0.64, up from HK$0.13 in the prior year, indicating a growth of 392.3%[13]. - Total comprehensive income for the period was HK$3,801,000, compared to HK$2,264,000 in the same period of 2020, an increase of 67.9%[13]. Revenue Breakdown - Service income from Environmental and Cleaning services was HK$91,005,000, up from HK$82,867,000, reflecting a growth of 9.7% year-over-year[28]. - For the three months ended September 30, 2021, the environmental and cleaning services in Hong Kong generated revenue of approximately HK$83.1 million, an increase from approximately HK$75.1 million for the same period in 2020[81]. - Shanghai Operations recorded revenue of approximately HK$7.9 million for the three months ended September 30, 2021, a slight increase from HK$7.8 million in 2020[87]. - Interest income from Money Lending increased to HK$3,254,000 from HK$2,664,000, representing a growth of 22.1%[28]. - Interest income from the money lending business increased to approximately HK$3.3 million for the three months ended September 30, 2021, compared to approximately HK$2.7 million in 2020, due to a higher average loan balance[92]. Expenses and Costs - The Group's administrative expenses decreased to HK$4,091,000 from HK$5,846,000, a reduction of 30% year-on-year[12]. - Selling and marketing expenses increased to HK$725,000 from HK$551,000, reflecting a rise of 31.6%[12]. - Profit before taxation for the three months ended September 30, 2021, was impacted by increased staff costs totaling HK$51,523,000, compared to HK$46,728,000 in the previous year, marking an increase of 10.0%[36]. - Depreciation of property, plant, and equipment rose to HK$1,008,000 from HK$788,000, indicating a 27.9% increase[36]. - Selling, marketing, and administrative expenses decreased by approximately HK$1.6 million to approximately HK$4.8 million, down from HK$6.4 million in 2020, due to stringent cost control measures[122][125]. Taxation - The provision for Hong Kong Profits Tax for the three months ended 30 September 2021 is calculated at 16.5% of the estimated assessable profits, with a two-tiered rate for qualifying corporations where the first HK$2,000,000 is taxed at 8.25%[40]. - Current tax expense for the period was HK$380,000, compared to HK$377,000 in the previous year, reflecting a slight increase of 0.8%[39]. - The subsidiaries incorporated in the PRC are subject to a 25% Enterprise Income Tax rate for the period, consistent with the previous year[43]. - The Group is not subject to any income tax in the Cayman Islands and the British Virgin Islands[42]. Corporate Governance - The Company has complied with the Corporate Governance Code and GEM Listing Rules for the three months ended September 30, 2021, with some deviations noted[158]. - The roles of chairman and chief executive officer are performed by the same individual, Mr. Yu Shaoheng, which deviates from the Code provision A.2.1[160]. - The audit committee consists of three independent non-executive directors, ensuring governance and oversight[161]. - The Company has adopted a code of conduct regarding securities transactions by Directors, with no known noncompliance during the reporting period[150]. Investment Strategy - The Group's investment strategy involves continuous review and adjustment of the investment portfolio to generate reasonable returns based on market conditions[96]. - The Group's investments included Meituan, Haidilao, Alibaba, Jiumaojiu, and Tencent, with varying unrealized fair value gains and losses reported for the three months ended 30 September 2021[99]. - The Group recognized an impairment loss of approximately HK$9.1 million on overdue loans and interest receivables for the three months ended September 30, 2020 due to borrowers' financial difficulties[88]. - The Group's financial assets at fair value amounted to approximately HK$482,000, compared to HK$Nil in 2020[101]. Future Outlook - The Group actively implemented measures to mitigate the impact of the COVID-19 pandemic on its operations and financial position[69]. - The group plans to strengthen marketing efforts to expand market share in the commercial and residential sectors, aiming to mitigate the downturn effects from reduced service requests in the transportation and hotel sectors[109]. - The Shanghai Operations are expected to accelerate the expansion of environmental and cleaning services into the PRC, leveraging existing management's experience and financial support from the group[113]. - The group is adopting a cautious approach in its money lending business, focusing on reducing exposure to high-risk loans and only approving borrowers with sound financial abilities[114].

Financial Performance - The Group recorded a net profit of approximately HK$19.2 million for the year ended June 30, 2021, compared to a net loss of approximately HK$36.7 million for the previous year[18]. - The financial results indicate a recovery trend compared to the previous fiscal year[18]. - For the year ended 30 June 2021, total revenue was HK$306.86 million, a 2.6% increase from HK$300.58 million in the previous year[48]. - The Group reported total revenue of approximately HK$354.8 million for the year ended June 30, 2021, representing an increase of approximately 2.7% compared to HK$345.4 million in 2020[84]. - The Group's financial position is considered strong, with sufficient resources to support operations and meet foreseeable capital expenditures[109]. Revenue Sources - Revenue from the environmental and cleaning services in Hong Kong increased by approximately HK$6.3 million for the year[20]. - The revenue from environmental and cleaning services in Hong Kong increased by approximately HK$6.3 million to approximately HK$306.9 million for the year ended June 30, 2021, compared to approximately HK$300.6 million for the previous year[45][46]. - The commercial sector generated HK$128.46 million (41.9% of total revenue), while the residential sector contributed HK$110.95 million (36.2%), showing significant growth from HK$77.29 million (25.7%) in the previous year[48]. - Revenue from the hospitality sector declined to HK$12.90 million (4.2%) from HK$25.44 million (8.5%) due to COVID-19 impacts, with expectations of further decline in the coming fiscal year[52]. - The transportation sector's revenue decreased significantly, reflecting the severe impact of COVID-19 on service volume and pricing[53]. Challenges and Market Conditions - The environmental and cleaning business faced challenges due to fierce competition, intense labor supply, and a decline in service volume from customers affected by COVID-19[19]. - The operating and economic environment in Hong Kong and the PRC is expected to remain challenging and unstable for all businesses in the coming year[30][33]. - Labor market competition in Hong Kong has intensified, leading to higher labor turnover rates in the environmental and cleaning services industry[76]. - The Group's financial performance may be materially affected if key customers reduce service volume or terminate contracts[161]. Government Support and Subsidies - The Group received a one-off subsidy of approximately HK$24.5 million under the Employment Support Scheme for employees in the environmental and cleaning business[19]. - The Group received a one-off government subsidy of approximately HK$24.5 million under the Employment Support Scheme, compared to HK$4.8 million in the previous year[55]. Impairment and Losses - The Group recognized an impairment loss of approximately HK$9.1 million on past due loans and interest receivables due to borrowers facing financial difficulties[26][28]. - The money lending business recognized an impairment loss of approximately HK$9.0 million, a decrease from HK$37.0 million in the previous year, due to borrowers facing financial difficulties[63]. - Impairment loss for loans and interest receivables decreased to approximately HK$9.1 million from approximately HK$37.4 million in 2020[90]. Strategic Focus and Growth Plans - The Group's focus remains on its principal businesses of environmental and cleaning services and money lending[18]. - The Group is taking a proactive approach to gain additional market share in the commercial and residential sectors[20]. - The Group aims to penetrate the PRC market more proactively, leveraging its existing management's experience and financial support[25][27]. - The Group plans to strengthen marketing efforts to expand market share in the commercial and residential sectors[79]. - The Group is exploring new environmental and cleaning services to broaden its service offerings and position itself as a one-stop cleaning contractor[79]. Employee and Operational Management - The Group had 1,159 employees as of 30 June 2021, a decrease from 1,240 employees in 2020, with total staff costs approximately HK$199.9 million, up from HK$182.8 million in 2020[115][119]. - Employee loyalty and development are prioritized, with a focus on providing a safe and healthy working environment and professional training opportunities[167]. - The Group has experienced a high turnover rate in its operation team, which could adversely affect service quality and financial results due to difficulties in recruiting and retaining sufficient workforce[170]. Risk Management and Compliance - The Group has established policies to identify, report, monitor, and manage significant risks that may adversely affect its business and financial conditions[157]. - The Group's financial risk management policies are detailed in note 28 of the consolidated financial statements, indicating a proactive approach to managing market fluctuations[172]. - The Group has maintained compliance with relevant laws and regulations, including GEM Listing Rules and the Employees' Compensation Ordinance, ensuring operational integrity[180]. Investments and Financial Assets - The Group recorded a net realised loss of approximately HK$0.8 million from investments in financial assets, compared to HK$0 in 2020[72]. - The Group's investment strategy focuses on reviewing the investment portfolio continuously and making adjustments based on market conditions[72]. Dividends and Shareholder Returns - The Board does not recommend the payment of any dividend for the year ended June 30, 2021[92]. - For the year ended June 30, 2021, the Board does not recommend the payment of a final dividend[150]. - The Group's reserves available for distribution to shareholders as of June 30, 2021, amounted to approximately HK$101.6 million, a decrease from HK$104.6 million in 2020[191].

Financial Performance - For the nine months ended March 31, 2021, the Group reported revenue of HK$262,633,000, a decrease of 1% compared to HK$265,297,000 for the same period in 2020[10] - The gross profit for the nine months ended March 31, 2021, was HK$23,501,000, down 19% from HK$28,989,000 in the previous year[10] - Profit before taxation for the nine months ended March 31, 2021, was HK$18,400,000, compared to a loss of HK$14,449,000 in the same period of 2020[10] - The profit for the period attributable to owners of the Company for the nine months ended March 31, 2021, was HK$16,812,000, recovering from a loss of HK$17,362,000 in the previous year[11] - The total comprehensive income for the period was HK$19,322,000, compared to a loss of HK$17,006,000 in the same period of 2020[11] - Basic and diluted earnings per share for the nine months ended March 31, 2021, was 3.11 HK cents, compared to a loss of 3.22 HK cents in the previous year[11] - Total turnover for the nine months ended March 31, 2021, was HK$262,633,000, down from HK$265,297,000 in the same period of 2020, indicating a decrease of about 1.3%[26] - The Group's performance indicates a recovery trend, with significant improvements in profitability metrics compared to the previous year[11] Revenue Sources - For the nine months ended March 31, 2021, service income from Environmental and Cleaning services was HK$253,927,000, a slight increase from HK$252,486,000 in the same period of 2020[26] - Interest income from Money Lending decreased to HK$8,706,000 for the nine months ended March 31, 2021, compared to HK$12,811,000 in the previous year, representing a decline of approximately 32.5%[26] - Environmental and cleaning services in Hong Kong generated revenue of approximately HK$227.3 million for the nine months ended 31 March 2021, a decrease from approximately HK$231.5 million for the same period in 2020[73][76] - The net profit from the money lending business was approximately HK$4.7 million for the nine months ended March 31, 2021, compared to approximately HK$5.0 million in 2020[85][87] - The Shanghai operations recorded an increase in revenue by approximately HK$5.7 million to approximately HK$26.6 million for the nine months ended March 31, 2021, compared to approximately HK$20.9 million in 2020[79][81] Expenses and Costs - The Group's administrative expenses decreased to HK$15,466,000 for the nine months ended March 31, 2021, from HK$16,381,000 in the same period of 2020, reflecting a cost control strategy[10] - The Group's finance costs slightly decreased to HK$1,083,000 for the nine months ended March 31, 2021, from HK$1,100,000 in the previous year[10] - Total staff costs, including directors' emoluments, amounted to HK$145,856,000 for the nine months ended March 31, 2021, compared to HK$139,033,000 for the same period in 2020, reflecting an increase of 4.0%[36] - The cost of consumable goods increased to HK$5,614,000 for the nine months ended March 31, 2021, from HK$4,652,000 in the same period of 2020, representing an increase of 20.7%[36] - Interest on bank borrowings rose to HK$408,000 for the nine months ended March 31, 2021, compared to HK$378,000 in the same period of 2020, an increase of 7.9%[33] Government Support - The Group received government grants amounting to HK$24,528,000 under the Employment Support Scheme, aimed at retaining employees during the subsidy period[29] - The Group received a one-off subsidy of approximately HK$24.3 million from the HKSAR Government under the Employment Support Scheme for part of the monthly salaries of employees in the environmental and cleaning services[74][76] Impairments and Losses - Impairment allowance for loans and interest receivables was HK$8,983,000 for the nine months ended March 31, 2021, compared to HK$24,340,000 in the previous year, showing a reduction of approximately 63.1%[29] - The company recorded a net loss of approximately HK$9,000,000 related to overdue loans and interest under its lending business[109] - The Group recorded a net realized loss of approximately HK$0.8 million from investments in financial assets during the nine months ended March 31, 2021[86][88] - Other losses and impairment for the nine months ended March 31, 2021 amounted to approximately HK$10.2 million, a decrease from approximately HK$24.3 million in 2020[106] Strategic Focus - The Company continues to focus on its principal activities, which include environmental cleaning services and money lending services in Hong Kong and the PRC[14] - The Group plans to strengthen marketing efforts to expand market shares in the commercial and residential sectors, focusing on high-value customers to increase revenue through cross-selling services[94] - The Group continues to adopt a cautious approach in its money lending strategies, focusing on borrowers with sound financial abilities to reduce exposure to high-risk loans[99] - The Shanghai Operations are expanding as expected, implementing the same quality control and training programs as in Hong Kong, with refined marketing strategies to attract new customers[95] Shareholder Information - Mr. Yu Shaoheng holds a beneficial interest of 350,536,631 shares, representing 64.91% of the total issued share capital of the company as of March 31, 2021[121] - Mr. Yu Weiye holds 54,431,400 shares, representing 10.08% of the total issued share capital of the Company[125] - Ms. Mui Fong is deemed to be interested in the same 54,431,400 shares owned by Mr. Yu Weiye[126] - No substantial shareholders other than certain directors or the chief executive had interests or short positions in the shares as of March 31, 2021[122] Governance and Compliance - The Company has complied with the Corporate Governance Code and GEM Listing Rules for the nine months ended March 31, 2021, with some deviations noted[139] - The audit committee reviewed the financial and accounting policies, internal controls, and financial reporting matters, concluding that the results complied with applicable accounting standards[141]

Financial Performance - For the six months ended December 31, 2020, the company's revenue was HK$174,814,000, a decrease of 2.9% compared to HK$179,506,000 for the same period in 2019[14]. - Gross profit for the same period was HK$15,538,000, down 27.1% from HK$21,314,000 in 2019[14]. - Profit before taxation was HK$17,825,000, compared to a loss of HK$650,000 in the previous year, indicating a significant turnaround[14]. - The profit for the period was HK$17,092,000, compared to a loss of HK$2,433,000 in the same period last year, reflecting a strong recovery[14]. - The company reported other income of HK$15,236,000, compared to a loss of HK$8,705,000 in the previous year, showing improved financial performance[14]. - For the six months ended December 31, 2020, the total comprehensive income was HK$18,815,000, compared to a loss of HK$2,573,000 for the same period in 2019[16]. - Profit attributable to owners of the Company for the period was HK$16,598,000, a significant increase from a loss of HK$2,858,000 in the prior year[16]. - Basic and diluted earnings per share increased to 3.07 HK cents, compared to a loss of 0.53 HK cents in the same period last year[16]. Assets and Liabilities - Current assets as of December 31, 2020, totaled HK$221,561,000, up from HK$200,948,000 as of June 30, 2020[19]. - Trade receivables increased to HK$65,482,000 from HK$53,479,000, reflecting a growth of approximately 22.4%[19]. - Cash and cash equivalents rose to HK$79,036,000, compared to HK$65,485,000, indicating a growth of about 20.6%[19]. - Total equity attributable to owners of the Company increased to HK$196,603,000 from HK$178,282,000, representing an increase of approximately 10.2%[20]. - Non-current assets decreased slightly to HK$62,544,000 from HK$64,413,000, a decline of about 2.9%[19]. - The net current assets as of December 31, 2020, were HK$147,538,000, an increase from HK$126,499,000 as of June 30, 2020[19]. Cash Flow - For the six months ended December 31, 2020, the net cash generated from operating activities was HK$11,108,000, slightly up from HK$11,019,000 in the same period of 2019[35]. - The net cash generated from investing activities was HK$2,682,000, a significant recovery from a net cash used of HK$24,313,000 in the previous year[35]. - As of December 31, 2020, cash and cash equivalents increased to HK$79,036,000 from HK$37,957,000 at the end of the previous year[35]. Segment Performance - The Group's reportable segment revenue for the six months ended December 31, 2020, was HK$174,814,000, a slight decrease from HK$179,506,000 in the same period of 2019, representing a decline of approximately 2%[56]. - Revenue from Environmental and Cleaning services was HK$169,240,000 for the six months ended December 31, 2020, compared to HK$169,414,000 in 2019, indicating a decrease of about 0.1%[60]. - Money Lending revenue decreased significantly to HK$5,574,000 in the six months ended December 31, 2020, down from HK$10,092,000 in 2019, reflecting a decline of approximately 44.4%[60]. - The reportable segment profit for Environmental and Cleaning was HK$27,365,000, while Money Lending incurred a loss of HK$5,670,000, resulting in a total profit before taxation of HK$17,825,000 for the Group[60]. Government Support and Subsidies - The company received government grants amounting to HK$24,528,000 during the six months ended December 31, 2020, which were aimed at retaining employees[71]. - The Group received a one-off subsidy of approximately HK$24.3 million from the HKSAR Government under the Employment Support Scheme (ESS) for part of the monthly salaries of employees[165]. Operational Strategies - The company is focused on enhancing its market position and exploring new strategies for growth in the upcoming periods[4]. - The company aims to leverage its financial recovery to explore potential market expansions and new product developments in the future[4]. - The Group plans to strengthen marketing efforts to expand market share in commercial and residential sectors and consolidate resources to focus on high-value customers[181]. - Shanghai operations are expected to expand further with the implementation of quality control and training programs similar to those in Hong Kong, aiming to attract new customers[182]. Risk Management - The Group aims to strengthen its risk management policy and streamline its existing loan portfolio to reduce exposure to high-risk loans[185]. - The management continuously reviews trade receivables and assesses the recoverability of overdue balances[105]. Share Capital and Dividends - The Company has authorized share capital of 10,000,000 shares at HK$0.01 each, with issued and fully paid ordinary shares totaling 540,000 shares[132]. - The Group does not recommend the payment of any dividend for the six months ended December 31, 2020[191]. - No dividend was recommended for the six months ended December 31, 2020, consistent with the same period in 2019, which also had no dividend declared[82][84].

Financial Performance - For the three months ended September 30, 2020, the Group reported revenue of HK$85,531,000, a decrease of 3.5% compared to HK$88,087,000 in the same period of 2019[9]. - The cost of services for the same period was HK$78,050,000, resulting in a gross profit of HK$7,481,000, down 36.5% from HK$11,768,000 in 2019[9]. - Profit before taxation for the period was HK$1,336,000, a decrease of 13.9% compared to HK$1,553,000 in the previous year[9]. - The Group's profit for the period was HK$959,000, representing an increase of 27.9% from HK$750,000 in the same period of 2019[9]. - Total comprehensive income for the period was HK$2,264,000, significantly higher than HK$467,000 in the previous year[11]. - Earnings per share for the period were HK$0.13, up from HK$0.10 in the same period of 2019[11]. - The Group's administrative expenses decreased to HK$5,846,000 from HK$6,569,000, reflecting a reduction of 11%[9]. - Other income for the period was HK$618,000, compared to a loss of HK$2,674,000 in the same period of 2019[9]. - The Group experienced an exchange gain of HK$383,000 from translating foreign operations, compared to a loss of HK$283,000 in the previous year[11]. - Interest income from Money Lending decreased significantly to HK$2,664,000 from HK$5,742,000 year-on-year, reflecting a decline of 53.6%[26]. - The income tax expense for the three months ended September 30, 2020, was HK$377,000, a decrease from HK$803,000 in 2019, indicating a reduction of 53.1%[37]. - The Group's effective tax rate for the period was calculated at 16.5%, consistent with the previous year[38]. - For the three months ended September 30, 2020, the profit attributable to owners of the Company was HK$718,000, an increase of 27.6% compared to HK$563,000 for the same period in 2019[49]. - The basic and diluted earnings per share for the period were both HK$0.00133, unchanged from the previous year[49]. - The total comprehensive income for the period was HK$2,023,000, compared to HK$280,000 in the same period of 2019, reflecting a significant increase[53]. Revenue Sources - For the three months ended September 30, 2020, the Group's revenue from Environmental and Cleaning services was HK$82,867,000, a slight increase from HK$82,345,000 in the same period of 2019, representing a growth of 0.6%[26]. - Environmental and cleaning services in Hong Kong generated revenue of approximately HK$75.1 million for the three months ended September 30, 2020, compared to approximately HK$75.4 million for the same period in 2019[75]. - The Shanghai Operations recorded an increase in revenue by approximately HK$0.8 million to approximately HK$7.8 million for the three months ended September 30, 2020, compared to approximately HK$7.0 million in 2019[81]. Expenses and Costs - Staff costs, including directors' emoluments, totaled HK$46,728,000 for the three months ended September 30, 2020, compared to HK$45,522,000 in 2019, reflecting an increase of 2.6%[34]. - The Group's finance costs increased slightly to HK$366,000 from HK$343,000 in the same period of 2019[9]. - Selling, marketing, and administrative expenses decreased by approximately HK$0.8 million to approximately HK$6.4 million for the three months ended September 30, 2020, due to stringent cost control measures[104]. - The Group aims to offset increased labor costs in the environmental and cleaning services sector by transferring costs to customers and improving operational efficiency[90]. Impairment and Financial Challenges - The impairment loss on loans and interest receivables was HK$9,106,000, which is a significant increase from HK$2,700,000 in the previous year, marking a rise of 337.6%[27]. - The Group recognized an impairment loss of approximately HK$9.0 million on past due loans and interest receivables for the three months ended September 30, 2020, compared to approximately HK$2.7 million in 2019[82]. - The Group's money lending business has faced challenges due to prolonged Sino-US trade tensions and the impact of COVID-19, leading to financial difficulties for some borrowers[82]. - The Group is actively taking legal actions against borrowers who have defaulted on loan repayments to recover loan principals and related costs[82]. Government Support - The Group received government grants amounting to HK$9,705,000 under the Employment Support Scheme, aimed at retaining employees during the subsidy period[27]. - The Group received a one-off subsidy of approximately HK$9.5 million under the Employment Support Scheme for part of the monthly salaries of employees in the environmental and cleaning services for July and August 2020[76]. Corporate Governance and Shareholder Information - The company has complied with the Corporate Governance Code and GEM Listing Rules for the three months ended September 30, 2020, with some deviations noted[138]. - The audit committee consists of three independent non-executive Directors, ensuring oversight of financial practices and internal controls[141]. - The audit committee reviewed the unaudited condensed consolidated results for the three months ended September 30, 2020, confirming compliance with applicable accounting standards[142]. - The company maintains high standards of corporate governance to safeguard shareholder interests[137]. - As of September 30, 2020, Mr. Yu Shaoheng holds 350,536,631 shares, representing 64.91% of the total issued share capital of the company[120]. - Mr. Yu Weiye and Ms. Mui Fong each hold 54,431,400 shares, accounting for 10.08% of the total issued share capital[125]. Future Plans and Strategies - The group is focusing on strengthening its risk management policy and streamlining its loan portfolio to reduce exposure to high-risk loans amid economic downturn threats in Hong Kong and the PRC[97]. - The group plans to enhance its marketing efforts to expand market shares in the commercial and residential sectors, aiming to improve revenue per customer through cross-selling services[92]. - The Shanghai Operations are expanding as expected, implementing the same quality control and training programs as in Hong Kong, with refined marketing strategies to attract new customers[93]. - The group is exploring new environmental and cleaning services to expand its service scope, positioning itself as a one-stop cleaning contractor for customers[92].

Financial Performance - The Group recorded a net loss of approximately HK$36.7 million for the year ended June 30, 2020, compared to a net profit of approximately HK$18.5 million for the previous year[16]. - The financial results indicate a challenging market environment for small and mid-sized companies listed on GEM[2]. - For the year ended June 30, 2020, the Group reported total revenue of approximately HK$345.4 million, representing an increase of approximately 9.3% compared to HK$316.1 million in 2019[73]. - The Group's net profit from the money lending business was approximately HK$7.6 million for the year ended June 30, 2020, down from approximately HK$11.0 million in 2019[63]. - The Group's performance was significantly affected by the persistent social unrest in Hong Kong and the global spread of COVID-19[17]. Revenue Breakdown - Revenue from environmental and cleaning services in Hong Kong increased by approximately HK$39.0 million to approximately HK$300.6 million for the year ended 30 June 2020, compared to HK$261.6 million for the previous year[40]. - The commercial sector contributed HK$125.7 million (41.8% of total revenue) in 2020, up from HK$105.3 million (40.3%) in 2019, while the residential sector increased to HK$77.3 million (25.7%) from HK$57.2 million (21.8%)[43]. - Revenue from the hospitality sector declined significantly due to COVID-19 and social unrest, with expectations of further decline in the coming fiscal year[47]. - The transportation sector saw an increase in revenue due to new service contracts, although airline-related revenue is expected to decline significantly due to COVID-19 impacts[48]. Challenges and Risks - The environmental and cleaning business faced challenges due to intense competition, a 9% increase in the Statutory Minimum Wage, and a decline in service volume from customers affected by social unrest and the COVID-19 pandemic[17]. - The implementation of the Statutory Minimum Wage has led to a tighter labor supply, impacting operational costs[17]. - The Group recognized an impairment loss of approximately HK$37.0 million on past due loans and interest receivables due to borrowers' financial difficulties[23]. - The Group is exposed to litigation claims, including employee compensation claims, which may not be fully covered by insurance, potentially leading to significant financial impacts[181]. - Adverse changes in macroeconomic conditions, such as GDP fluctuations and property prices, may impact market demand and customer repayment abilities, affecting the Group's revenue and liquidity[188]. Strategic Initiatives - The Group's management is committed to navigating through the difficult market conditions and exploring new strategies for recovery[16]. - The Group will pursue opportunities and growth in a cautious manner with a high standard of risk and credit management[28]. - The Group plans to enhance service quality by providing training to frontline staff and implementing efficient workflows to offset increased labor costs[65]. - The Group's proactive approach aims to gain additional market share in both commercial and residential sectors[21]. Financial Management - The Group implemented stringent cost control procedures and simplified its corporate structure, leading to a reduction in various operational expenses[84]. - The Group's financial risk management objectives and policies are detailed in the consolidated financial statements, ensuring proactive management of financial risks[183]. - The Group is focusing on strengthening its risk management policy and streamlining its loan portfolio to reduce exposure to high-risk loans[72]. Employee and Operational Insights - As of June 30, 2020, the Group had 1,240 employees, an increase of approximately 15.1% from 1,077 employees in 2019[126]. - Total staff costs and related expenses for the year ended June 30, 2020, increased by approximately 12.8% compared to the previous year, primarily due to the increase in the average number of staff in the environmental and cleaning business[126]. - High turnover rates in the operational team may adversely affect service quality and financial results due to difficulties in recruiting and retaining sufficient workforce[181]. Corporate Governance and Compliance - The Group's operations are compliant with relevant laws and regulations, including GEM Listing Rules and Employment Ordinance, ensuring high corporate governance standards[191]. - The Group has established internal reporting procedures to ensure compliance with relevant laws and regulations, mitigating risks of penalties or license revocation[188]. Environmental Commitment - The Group is committed to environmentally-friendly practices, including energy efficiency and recycling initiatives, and has received certifications from various organizations[189]. - The Group has adopted environmentally-friendly service procedures in its cleaning services, contributing to its sustainability goals[189].