Financial Performance - For the six months ended September 30, 2024, the company recorded unaudited revenue of approximately HKD 37.72 million, an increase of about 19.55% compared to the same period last year[4]. - The company's unaudited profit attributable to owners for the six months ended September 30, 2024, was approximately HKD 1.73 million, compared to HKD 0.65 million for the same period in 2023[4]. - Basic and diluted earnings per share for the six months ended September 30, 2024, were approximately HKD 0.26, up from HKD 0.10 in the same period last year[4]. - The gross profit for the six months ended September 30, 2024, was HKD 9.55 million, compared to HKD 8.20 million for the same period in 2023[6]. - The total comprehensive income for the period was HKD 756,000, compared to a loss of HKD 163,000 in the same period last year[6]. - The group reported a segment profit of HKD 2,399,000 for the six months ended September 30, 2024, compared to HKD 2,143,000 in 2023, showing an increase of 11.9%[29]. - The company reported a profit attributable to shareholders of approximately HKD 1.73 million, compared to a loss of approximately HKD 0.65 million in the same period last year[93]. Revenue Breakdown - Revenue from electronic products reached HKD 27,218,000 for the six months ended September 30, 2024, compared to HKD 15,573,000 for the same period in 2023, representing a growth of 74.5%[25]. - Revenue from restaurant operations was HKD 10,503,000 for the six months ended September 30, 2024, down from HKD 15,979,000 in 2023, indicating a decline of 34.2%[25]. - Total revenue for the group was HKD 37,721,000 for the six months ended September 30, 2024, compared to HKD 31,552,000 in 2023, reflecting an increase of 19.5%[25]. - Revenue from the electronic products segment for the six-month period was approximately HKD 27.22 million, an increase of about 74.78% compared to the same period last year[88]. - Revenue from the catering services segment was approximately HKD 10.50 million, a decrease of about 34.27% compared to approximately HKD 15.98 million in the same period last year[90]. Assets and Liabilities - The company's non-current assets as of September 30, 2024, amounted to HKD 34.40 million, slightly up from HKD 34.09 million as of March 31, 2024[8]. - Current assets totaled HKD 38.71 million as of September 30, 2024, down from HKD 39.82 million as of March 31, 2024[8]. - Current liabilities were HKD 18.09 million, compared to HKD 17.63 million in the previous period[9]. - The company's total assets increased to HKD 53,731 million as of September 30, 2024, compared to HKD 52,975 million as of March 31, 2024, reflecting a growth of approximately 1.4%[12]. - The company’s total liabilities decreased to HKD 888 million as of September 30, 2024, from HKD 2,910 million as of March 31, 2024, representing a significant reduction of approximately 69.5%[12]. Cash Flow - The net cash from operating activities for the six months ended September 30, 2024, was HKD 3,119 million, while for the same period in 2023, it was a net cash outflow of HKD 3,949 million[17]. - The company experienced a net cash outflow from financing activities of HKD 840 million for the six months ended September 30, 2024, contrasting with a net cash inflow of HKD 5,059 million for the same period in 2023[17]. - Cash and bank balances decreased from approximately HKD 3.86 million to HKD 3.44 million during the six-month period[95]. Shareholder Information - Major shareholders include Lissington Limited and Zheng Ze Li, each holding approximately 24.92% of the company's issued share capital, totaling 155,019,960 shares[110]. - Siu Hiu Ki Jamie holds approximately 16.08% of the company's issued share capital, with 103,581,986 shares[110]. - The total number of shares held by major shareholders includes 128,824,574 shares held by Zhou Qi Lin, representing approximately 19.87% of the issued share capital[110]. - The total number of shares held by Bluemount Investment is 61,009,150, representing approximately 9.15% of the issued share capital[110]. Corporate Governance - The company has adhered to the corporate governance code as of September 30, 2024, ensuring high-quality board practices and transparency to shareholders[115]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the six months ended September 30, 2024, confirming compliance with applicable accounting standards and regulations[119].

Financial Performance - For the fiscal year ending March 31, 2024, the group's revenue was approximately HKD 65.48 million, an increase of about 18.44% compared to HKD 55.29 million for the previous year[7]. - The group recorded a net loss of approximately HKD 9.44 million for the fiscal year ending March 31, 2024, a decrease of about 34.71% from a net loss of HKD 14.46 million in the previous year[7]. - The gross profit margin slightly decreased from approximately 24.03% last year to about 23.35% for the fiscal year ending March 31, 2024[7]. - Revenue from the electronic products and accessories segment was approximately HKD 35.20 million, representing an increase of about 32.91% year-over-year, primarily driven by increased sales of fishing indicators and buzzers[13]. - The restaurant services segment generated revenue of approximately HKD 30.28 million, an increase of about 5.13%, attributed to the easing of COVID-19 restrictions and improved market conditions in Hong Kong[14]. - The five largest customers accounted for approximately HKD 29.41 million in revenue, an increase of about 39.93% from HKD 21.01 million in the previous year[17]. - The overall gross profit margin slightly decreased from approximately 24.03% to 23.35%, mainly due to a reduction in sales of higher-margin products[17]. - Selling and distribution expenses were approximately HKD 1.43 million, a decrease of about 11.30% from HKD 1.61 million in the previous year[17]. Business Strategy and Operations - The company is focusing on low-risk, higher-margin businesses with relatively low inventory levels, particularly in the food and beverage sector[8]. - The company has developed and operates two e-commerce platforms, offering a variety of products including watches, jewelry, health products, skincare, food, and beverages[6]. - The group aims to maintain its market leadership through focus, innovation, and expansion strategies[8]. - The company plans to invest more resources into management to improve operational efficiency in the coming years[8]. - The company plans to launch two to three new products in 2024, including lighting security system controllers and power management boards, to enhance market share and customer base[19]. - The company aims to expand its EMS business to international clients, particularly in the Chinese market, which is seen as having significant potential[18]. Corporate Governance - The company has maintained compliance with the GEM Listing Rules regarding the appointment of independent non-executive directors, ensuring that at least one director possesses appropriate professional qualifications or expertise in accounting or related financial management[54]. - The board consists of a mix of executive and independent non-executive directors, with a total of three independent non-executive directors, fulfilling the requirement of having at least one-third of the board as independent members[53]. - The company has a strong commitment to corporate governance, aiming to enhance shareholder value through effective management and a sound corporate culture[50]. - The company has adhered to the corporate governance code throughout the fiscal year ending March 31, 2024, demonstrating its commitment to high standards of governance[51]. - The company has established a clear division of roles between the Chairman and the CEO, held by Mr. Lau and Ms. Cheng respectively[61]. - The board is responsible for ensuring compliance with legal and regulatory requirements and has reviewed the company's adherence to governance codes[83]. Environmental Sustainability - The group is committed to environmental sustainability, implementing policies to reduce its environmental impact[116]. - The group has established a comprehensive environmental management system to comply with regulations and improve environmental performance[181]. - The group aims to reduce greenhouse gas emissions by adopting energy-efficient equipment, which indirectly decreases emissions from electricity consumption[186]. - The group has implemented measures to minimize wastewater generation and adheres to environmental regulations for wastewater discharge[199]. - The group follows a 5R waste management strategy to achieve "zero" waste emissions, focusing on refuse, reduce, reuse, repair, and recycle[196]. - The group has introduced electronic business cards to minimize unnecessary printing waste[191]. Shareholder Communication and Compliance - The group has established various channels for communication with shareholders and investors, ensuring timely updates on financial reports and announcements[107]. - The company confirms compliance with the GEM Listing Rules regarding the disclosure of related party transactions[158]. - The group has not reported any significant violations of environmental laws during the reporting period[182]. - The financial statements for the year were audited by a certified public accountant firm, with a resolution to reappoint them at the upcoming annual general meeting[163]. Management and Internal Controls - The company has established a clear management structure and cash management system to mitigate operational risks[84]. - The company has implemented strategies to reduce raw material costs and maintain good relationships with suppliers, which is crucial for its procurement operations[48]. - The company has a dedicated team for product development, quality control, and supply chain management, enhancing its operational capabilities[47]. - The company has established a framework for effective internal controls and accounting functions, which is essential for its overall governance[46]. - The board will regularly review the nomination policy to ensure it meets the company's needs and complies with regulatory requirements[79].

Revenue Performance - Revenue for the year ended March 31, 2024, was approximately HKD 65.48 million, an increase of about 18.44% compared to HKD 55.29 million in the previous year[4] - Revenue from electronic products and accessories for the year 2024 was HKD 35,203,000, compared to HKD 26,487,000 in 2023, representing a growth of 32.5%[18] - Revenue from restaurant operations for the year 2024 was HKD 30,275,000, up from HKD 28,798,000 in 2023, indicating an increase of 5.2%[18] - Total revenue from customer contracts reached HKD 65,478,000 in 2024, compared to HKD 55,285,000 in 2023, reflecting a growth of 18.5%[18] - Revenue from major products and services increased from HKD 55,285,000 in 2023 to HKD 65,478,000 in 2024[33] - Revenue from Hong Kong customers was HKD 33,897,000 for the fiscal year ending March 31, 2024, compared to HKD 30,511,000 in 2023[34] Profit and Loss - The company reported a loss attributable to shareholders of approximately HKD 9.44 million, compared to a loss of about HKD 14.46 million in the previous year[4] - Basic and diluted loss per share for the year was approximately HKD 1.46, compared to HKD 3.57 in the previous year[4] - The company reported a comprehensive loss of HKD 10,903,000 for the year, compared to a loss of HKD 14,464,000 in the previous year, indicating an improvement of about 24%[7] - The total loss before tax for the year 2024 was HKD 9,358,000, compared to a loss of HKD 14,968,000 in 2023, showing an improvement of 37.5%[24][26] - The pre-tax loss for 2024 was reported at HKD 22,570,000, a decrease from HKD 23,738,000 in 2023, indicating a reduction in losses[41] Assets and Liabilities - As of March 31, 2024, total assets decreased slightly to HKD 56,285,000 from HKD 56,444,000 in the previous year, reflecting a decrease of approximately 0.28%[6] - The company's net current assets amounted to HKD 22,197,000, down from HKD 28,454,000, indicating a decline of about 22%[6] - The total assets of the group as of March 31, 2024, amounted to HKD 73,911,000, compared to HKD 67,907,000 as of March 31, 2023[27][28] - The total liabilities of the group as of March 31, 2024, were HKD 20,936,000, a decrease from HKD 15,626,000 in 2023[27][28] - Trade payables for the year 2024 were HKD 5,052,000, compared to HKD 1,744,000 for 2023, showing an increase in liabilities[52] Equity and Capital - The total equity increased to HKD 52,975,000 from HKD 52,281,000, representing a growth of approximately 1.33%[7] - The company’s share capital increased to HKD 33,321,000 from HKD 29,743,000, reflecting an increase of approximately 11%[7] - The company's total issued and paid-up capital as of April 1, 2023, was HKD 29,743,000, with a total of 594,860,000 shares[54] Operational Efficiency and Strategy - The company plans to expand its market presence and invest in new product development to drive future growth[9] - The company has engaged in strategic initiatives to enhance operational efficiency and reduce costs[9] - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[9] - The company plans to expand its EMS business to international customers, particularly targeting the Chinese market for consumer electronic products, recognizing its significant potential[64] - The company aims to increase its market share through enhanced marketing activities and the design and development of new electronic products to attract new customers[57] - The group plans to launch two to three new lighting security system controllers, power management boards, and related products in 2024[65] Financial Management - The group has maintained a strong financial position with prudent financial management policies[67] - The company has not recognized any taxable profits for the two years due to its registration in the Cayman Islands and the British Virgin Islands[44] - The tax rate for qualifying group entities in Hong Kong is 8.25% on the first HKD 2,000,000 of profits and 16.5% on profits exceeding that amount[45] Employee Costs - Total employee costs for 2024 were HKD 23,955,000, compared to HKD 25,046,000 in 2023, reflecting a decrease of approximately 4.4%[42] - Total employee costs, including director remuneration, are approximately HKD 25.05 million for the year ending March 31, 2024, up from HKD 23.96 million in 2023[77] Compliance and Governance - The board of directors includes Mr. Lau Hin Yi, Ms. Cheng Yeung Hung, Mr. Tansri Saridju Benui, and Ms. Chan Wan Shan[84] - The announcement complies with GEM listing rules and confirms the accuracy and completeness of the information provided[85] - The publication will be available on the Hong Kong Stock Exchange website and the company's website[86]

Financial Performance - For the six months ended September 30, 2023, the company recorded unaudited revenue of approximately HKD 31.55 million, an increase of about 9.01% compared to the same period last year[2]. - The company reported an unaudited profit attributable to owners of approximately HKD 0.65 million for the six months ended September 30, 2023, compared to an unaudited loss of HKD 8.66 million in the same period last year[2]. - Basic and diluted earnings per share for the six months ended September 30, 2023, were approximately HKD 0.10 cents, a significant improvement from a loss of HKD 3.32 cents per share in the previous year[2]. - Total revenue for the six months ended September 30, 2023, was HKD 31,552,000, an increase of 9% compared to HKD 28,944,000 for the same period in 2022[20]. - The total comprehensive loss for the six months ended September 30, 2023, was HKD 163,000, compared to a loss of HKD 8,138,000 in the same period of 2022[11]. - The group reported a net profit attributable to owners of HKD 645,000 for the six months ended September 30, 2023, a significant improvement from a loss of HKD 8,655,000 in the same period of 2022[35]. Revenue Breakdown - Revenue from electronic products sales decreased to HKD 15,573,000, down 4% from HKD 16,218,000 in the previous year[20]. - Revenue from restaurant operations increased significantly to HKD 15,979,000, up 25% from HKD 12,726,000 in the prior year[20]. - Revenue from Hong Kong increased to HKD 17,744,000 in 2023 from HKD 13,491,000 in 2022, representing a growth of 31.7%[27]. - Sales of electronic products for the six-month period were approximately HKD 15.57 million, a decrease of about 3.98% compared to the previous year, primarily due to a reduction in sales of fishing indicators[52]. - Revenue from the food and beverage segment for the six-month period was approximately HKD 15.98 million, an increase of about 25.56% compared to approximately HKD 12.73 million in the same period last year, attributed to improvements in the overall market conditions[54]. Expenses and Costs - The gross profit for the six months ended September 30, 2023, was HKD 8.196 million, compared to HKD 4.034 million for the same period in 2022, reflecting a substantial increase[4]. - The company reported a decrease in selling and distribution expenses to HKD 726 thousand for the six months ended September 30, 2023, compared to HKD 651 thousand in the previous year[4]. - The company’s financial costs decreased significantly to HKD 279 thousand for the six months ended September 30, 2023, from HKD 1.95 million in the same period last year[4]. - The cost of sold inventory for the six months ended September 30, 2023, was HKD 13,007,000, down from HKD 24,824,000 in the same period of 2022[29]. - Administrative and other expenses decreased by approximately 37.01% to about HKD 7.97 million for the six months ended September 30, 2023, compared to approximately HKD 12.65 million for the same period in 2022[56]. Assets and Liabilities - The company's total assets less current liabilities as of September 30, 2023, amounted to HKD 62.903 million, an increase from HKD 56.444 million as of March 31, 2023[8]. - The net asset value of the company as of September 30, 2023, was HKD 59.929 million, up from HKD 52.281 million as of March 31, 2023[9]. - The company’s inventory as of September 30, 2023, was HKD 21.578 million, an increase from HKD 20.830 million as of March 31, 2023[8]. - Trade receivables as of September 30, 2023, totaled HKD 1,701,000, with HKD 1,545,000 (approximately 91%) aged 0 to 30 days[10]. - Trade payables as of September 30, 2023, totaled HKD 2,251,000, with HKD 1,583,000 (approximately 70%) aged within 30 days[39]. Cash Flow - The group experienced a net cash outflow from operating activities of HKD 3,949,000, a decline from a net inflow of HKD 1,533,000 in the same period last year[13]. - The group reported a net cash inflow from financing activities of HKD 5,059,000, compared to HKD 2,043,000 in the previous year[13]. - The group’s cash and cash equivalents at the end of the period were HKD 3,615,000, down from HKD 5,744,000 at the end of the previous year[13]. - Cash and bank balances increased from approximately HKD 2.96 million as of March 31, 2023, to approximately HKD 3.62 million as of September 30, 2023[58]. Corporate Governance - The company has adopted the GEM Listing Rules regarding the standards for directors' securities transactions, with no known violations reported for the six months ended September 30, 2023[86]. - The company has complied with the corporate governance code as per GEM listing rules for the six months ending September 30, 2023[87]. - An audit committee has been established to review and supervise the group's financial reporting procedures and internal controls[90]. - The audit committee consists of three independent non-executive directors, ensuring compliance with applicable accounting standards and GEM listing rules[90]. Shareholder Information - As of September 30, 2023, major shareholders include Zhou Qilin with 132,433,678 shares (19.87%), Siu Hiu Ki Jamie with 107,169,841 shares (16.08%), and Lissington Limited with 105,047,518 shares (15.76%)[81]. - The company did not purchase, sell, or redeem any of its listed securities during the six months ended September 30, 2023[85]. - The company has two stock option plans, including the Pre-IPO Stock Option Plan adopted on September 27, 2013, granting options to purchase a total of 4,000,000 shares at an exercise price of HKD 3.00[74]. - As of September 30, 2023, a total of 2,280,000 options have not been exercised under the Pre-IPO Stock Option Plan, representing approximately 0.34% of the company's issued share capital[74]. - No stock options were granted, exercised, or expired under the Stock Option Plan for the six months ended September 30, 2023[75].

Financial Performance - For the three months ended June 30, 2023, the company recorded unaudited revenue of approximately HKD 16,120,000, an increase of about 17.87% compared to the same period last year[3]. - The company reported an unaudited loss attributable to owners of approximately HKD 850,000 for the three months ended June 30, 2023, compared to a loss of HKD 3,700,000 in the same period last year[3]. - Basic and diluted loss per share for the three months ended June 30, 2023, was HKD 0.14, compared to HKD 2.28 in the same period last year[3]. - Total comprehensive loss for the three months ended June 30, 2023, was HKD 1,625,000, down from HKD 5,717,000 in the same period last year[4]. - The company reported a pre-tax loss of HKD 849,000 for the three months ended June 30, 2023, compared to a loss of HKD 3,698,000 in the same period last year[21]. - The company incurred operating losses of HKD 847,000, a significant improvement from the operating loss of HKD 4,060,000 in the previous year[15]. Revenue Breakdown - Total revenue for the three months ended June 30, 2023, was HKD 16,115,000, an increase of 17.7% compared to HKD 13,672,000 for the same period in 2022[13]. - Sales of electronic products amounted to HKD 7,594,000, a decrease of 3.7% from HKD 7,887,000 in the previous year[13]. - Revenue from restaurant operations increased significantly to HKD 8,521,000, up 47.4% from HKD 5,785,000 in the prior year[13]. - Revenue from external customers in Hong Kong reached HKD 9,549,000, a 58.5% increase from HKD 6,027,000 in 2022[19]. - Revenue from the electronic products segment was approximately HKD 7,600,000, a decrease of about 3.71% compared to the same period in 2022, mainly due to a reduction in sales of fishing indicators[29]. - Revenue from the restaurant services segment was approximately HKD 8,520,000, an increase of about 47.29% compared to the same period in 2022[31]. Profitability and Costs - Gross profit for the three months ended June 30, 2023, was HKD 3,526,000, compared to HKD 1,793,000 in the same period last year, reflecting improved profitability[4]. - The gross profit margin increased from 13.11% for the three months ended June 30, 2022, to 21.88% for the same period in 2023, primarily due to higher sales of high-margin dishes in the restaurant business[32]. - The company’s financial costs decreased significantly to HKD 160,000 for the three months ended June 30, 2023, from HKD 1,173,000 in the same period last year[4]. - The company’s administrative and other expenses decreased to HKD 4,586,000 for the three months ended June 30, 2023, from HKD 6,019,000 in the same period last year, reflecting cost control measures[4]. - Administrative and other expenses for the three months were approximately HKD 4,590,000, a decrease of about 23.81% from HKD 6,020,000 in the same period last year[32]. - The company’s sales and distribution expenses increased to HKD 371,000 for the three months ended June 30, 2023, compared to HKD 278,000 in the same period last year[4]. Shareholder Information - The weighted average number of shares for the three months ended June 30, 2023, was 602,264,824, compared to 162,218,272 for the same period in 2022[28]. - As of June 30, 2023, the company has a total of 132,433,678 shares held by major shareholders, representing 19.87% of the issued share capital[42]. - The company reported that the executive director Zheng Ruoxiong holds 4,878,000 shares, accounting for 0.73% of the company's shares[38]. - The company has a total of 2,280,000 share options held by executive directors, which includes personal and spouse interests[40]. Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[51]. - The company has complied with the corporate governance code as per GEM listing rules during the three-month period ending June 30, 2023[47]. - The company has no knowledge of any significant contracts in which directors have a substantial interest that could impact the group's business[49]. - The company has not identified any competitive businesses or conflicts of interest involving its directors or major shareholders during the three-month period[50]. - The company has not disclosed any other interests or positions held by directors in accordance with the Securities and Futures Ordinance[44]. - The company has not reported any non-compliance with the trading standards for directors during the three-month period[46]. Dividend Policy - The board of directors did not recommend the payment of a dividend for the three months ended June 30, 2023, consistent with the previous year[3]. - The company did not declare any dividends for the three months ended June 30, 2023, consistent with the same period in 2022[24]. Future Outlook - The company plans to continue focusing on its core electronic products business while exploring new opportunities to broaden revenue sources[28]. - The company aims to increase its market share through more promotional and marketing activities and the design and development of new electronic products[28].

Financial Performance - The group's revenue for the fiscal year ending March 31, 2023, was approximately HKD 55.29 million, a decrease of about 31.18% compared to HKD 80.34 million for the previous year[6]. - The net loss for the fiscal year ending March 31, 2023, was approximately HKD 14.46 million, which is a reduction of about 33.81% from a net loss of HKD 21.85 million in the previous year[6]. - Revenue from the electronic products segment was approximately HKD 26.49 million, down about 43.97% year-over-year, primarily due to decreased sales of fish finders and buzzers[12]. - The restaurant services segment generated revenue of approximately HKD 28.80 million, an increase of about 17.27% year-over-year, attributed to improved market conditions in Hong Kong as COVID-19 restrictions eased[13]. - The company's total employee costs, including directors' remuneration, were approximately HKD 24.72 million, down from HKD 26.67 million in the previous year[28]. - The company's current assets net value was approximately HKD 28.45 million, significantly up from HKD 2.62 million in the previous year, with a current ratio of 3.48[21]. - The company did not recommend any final dividend for the fiscal year ending March 31, 2023[110]. Operational Strategy - The company plans to focus on low-risk, high-margin businesses and invest in the food and beverage sector to improve operational efficiency in the coming years[7]. - The company aims to expand its EMS business to international clients, particularly in the Chinese market, which is seen as having significant potential[17]. - The company plans to launch four to five new products in 2023, including lighting security system controllers and power management boards, to enhance market share and attract new customers[18]. - The management anticipates short-term impacts from COVID-19 but expects recovery as the government may implement measures to stimulate economic growth[30]. - The company aims to accelerate cash flow collection and increase sales agreements with core customers to enhance profitability[30]. - The company is focused on maintaining effective operations and ensuring compliance with GEM listing rules and applicable laws[42]. Corporate Governance - The company has a strong commitment to shareholder engagement and appreciates the support from business partners and employees[9]. - The company has adopted the GEM Listing Rules corporate governance code, enhancing accountability and performance[59]. - The board includes independent non-executive directors with significant experience in finance and technology, enhancing governance and strategic oversight[51][53]. - The company has established a remuneration committee to review the compensation framework for directors and senior management[149]. - The company confirms compliance with GEM listing rules regarding related party transactions, with significant transactions disclosed in the financial statements[152]. - The board is responsible for the internal control system and risk management procedures, ensuring compliance with legal and regulatory requirements[88]. Environmental Sustainability - The company has implemented various policies to support environmental sustainability and reduce its environmental impact[112]. - The company has introduced measures for sustainable development, including a budget for environmentally related facilities and increased use of renewable energy sources like solar power[167]. - The company has established a comprehensive environmental management system to comply with regulations and improve environmental performance[177]. - The total greenhouse gas emissions amounted to 549.98 tons of CO2 equivalent, with 78.78% attributed to indirect emissions from energy sources[191]. - The company has committed to environmentally friendly procurement practices, prioritizing local suppliers to reduce transportation emissions[191]. - The company has implemented external environmental assessments to monitor compliance with local laws and regulations[186]. Risk Management - The company acknowledges the challenges faced due to raw material price fluctuations and increased competition in the manufacturing sector in China[6]. - The board remains vigilant regarding global economic uncertainties and is focused on maintaining market leadership through innovation and expansion[7]. - The company is committed to strict risk control and aims to enhance profitability while providing better returns to shareholders[7]. - The company has taken necessary actions to address any identified deficiencies in its internal control system[88]. Shareholder Relations - The company has established multiple channels for communication with shareholders and stakeholders, ensuring effective engagement[104]. - The company has a clear mechanism for shareholders to request the convening of special general meetings, requiring at least 10% of the voting rights[100]. - The company has a remaining unutilized amount of HKD 0.26 million from the IPO proceeds as of March 31, 2023[31]. Employee Engagement and Diversity - As of March 31, 2023, the gender ratio among employees was approximately 55 males to 79 females, indicating a commitment to gender diversity[93]. - The board currently consists of 7 members, including 2 females, and aims to enhance female representation in senior management roles[93]. - The company is committed to providing comprehensive training for female employees to enhance their career development opportunities[93]. Product Development - The company launched a new product, a skill lighting line indicator, designed for various fishing bite alarms, enhancing reliability and usability[5]. - The management team is actively involved in product development, quality control, and supply chain management, contributing to operational excellence[56].

Financial Performance - For the nine months ended December 31, 2022, the company recorded unaudited revenue of approximately HKD 42,890,000, a decrease of about 30.34% compared to the same period last year[2]. - The company reported an unaudited loss attributable to owners of approximately HKD 3,780,000 for the nine months ended December 31, 2022, compared to an unaudited profit of HKD 870,000 in the previous year[2]. - Basic and diluted loss per share for the nine months ended December 31, 2022, was 0.75 HK cents, compared to earnings of 0.62 HK cents per share in the previous year[2]. - For the three months ended December 31, 2022, the company recorded unaudited revenue of HKD 13,941,000, down from HKD 21,303,000 in the same period last year[4]. - The gross profit for the nine months ended December 31, 2022, was HKD 6,136,000, a decrease from HKD 11,860,000 in the previous year[4]. - The total comprehensive loss for the nine months ended December 31, 2022, was HKD 2,796,000, compared to a loss of HKD 1,330,000 in the previous year[5]. - The operating loss for the nine months ended December 31, 2022, was HKD 13,042,000, compared to an operating loss of HKD 4,850,000 in the same period of 2021[15]. - The group reported a net loss of HKD 3,784,000 for the nine months ended December 31, 2022, compared to a profit of HKD 866,000 in the same period of 2021[15]. - The overall gross profit margin decreased from 19.26% for the nine months ended December 31, 2021, to 14.31% for the nine months ended December 31, 2022, primarily due to a reduction in sales of higher-margin electronic products[35]. Revenue Breakdown - Revenue from restaurant operations for the nine months ended December 31, 2022, was HKD 20,402,000, down 14.3% from HKD 23,878,000 in the same period of 2021[12]. - The total revenue for the nine months ended December 31, 2022, was HKD 42,885,000, a decline of 30.3% from HKD 61,566,000 in the same period of 2021[12]. - Revenue from the electronic products segment for the nine-month period was approximately HKD 22,480,000, a decrease of about 40.34% compared to the same period in 2021[31]. - Revenue from electronic products manufacturing and trading for the nine months ended December 31, 2022, was HKD 20,865,000, down 43.1% from HKD 36,195,000 in the same period of 2021[15]. - For the three months ended December 31, 2022, the sales revenue from electronic products was HKD 6,265,000, a decrease of 50.6% compared to HKD 12,685,000 in the same period of 2021[12]. - The revenue from external customers in Hong Kong for the nine months ended December 31, 2022, was HKD 21,680,000, a decrease of 13.5% from HKD 25,012,000 in the same period of 2021[19]. - The group's total revenue from Europe for the nine months ended December 31, 2022, was HKD 12,555,000, a decrease of 51.6% from HKD 26,000,000 in the same period of 2021[19]. Expenses and Costs - The company incurred administrative and other expenses of HKD 18,601,000 for the nine months ended December 31, 2022, compared to HKD 17,255,000 in the previous year[4]. - Sales and distribution expenses for the nine months ended December 31, 2022, were approximately HKD 1,340,000, down 19.40% from HKD 1,670,000 in the same period of 2021[35]. - The increase in administrative expenses was primarily due to an increase in foreign exchange losses, which rose to approximately HKD 1,400,000 from a foreign exchange gain of HKD 2,000,000 in the previous year[36]. - Deferred tax for the nine months ended December 31, 2022, was HKD 547,000, compared to HKD 7,000 in the same period of 2021[22]. Shareholder Information - As of December 31, 2022, major shareholders held significant stakes, with Siu Yik Tung Jamie owning approximately 17.93% of the company[45]. - The company reported a total of 61,009,150 shares held by Bluemount investment Fund SPC, representing 10.20% of the issued share capital[47]. - Zhou Qilin holds 60,870,668 shares, which accounts for 10.18% of the total issued shares[47]. - Siu Wa Kei has a total of 48,619,944 shares, representing 8.13% of the issued share capital[47]. - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the nine months ending December 31, 2022[51]. Corporate Governance - The company has adopted the GEM Listing Rules regarding the standards of conduct for directors' securities transactions, with no known violations reported[52]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the nine months ending December 31, 2022[56]. - The company has complied with the corporate governance code as per GEM Listing Rules during the reporting period[53]. - There were no significant interests held by directors in contracts that could impact the group's business during the nine months ending December 31, 2022[54]. - The company did not identify any competitive businesses or conflicts of interest involving directors or major shareholders during the reporting period[55]. Future Outlook - The group plans to explore new business opportunities to broaden revenue sources and maximize long-term profits for shareholders[30]. - The group aims to increase market share through enhanced promotional and marketing activities, as well as the design and development of new electronic products[30]. - The group continues to manufacture and provide electronic products and PCB assembly services for customers in major markets, including the US and European countries[30].

Financial Performance - For the six months ended September 30, 2022, the company recorded unaudited revenue of approximately HKD 28.94 million, a decrease of about 28.11% compared to the same period last year[4]. - The company reported an unaudited loss attributable to owners of approximately HKD 8.66 million for the six months ended September 30, 2022, compared to an unaudited profit of approximately HKD 0.26 million in the same period last year[4]. - Basic and diluted loss per share for the six months ended September 30, 2022, was approximately HKD 3.32 cents, compared to earnings of approximately HKD 0.20 cents per share in the previous year[4]. - For the three months ended September 30, 2022, the company recorded unaudited revenue of HKD 15.27 million, down from HKD 22.19 million in the same period last year[6]. - Gross profit for the six months ended September 30, 2022, was HKD 4.03 million, compared to HKD 8.61 million for the same period last year[6]. - The total comprehensive loss attributable to owners for the six months ended September 30, 2022, was HKD 8.14 million, compared to a profit of HKD 0.28 million in the same period last year[8]. - Total revenue for the six months ended September 30, 2022, was HKD 28,944,000, a decrease of 28.1% compared to HKD 40,263,000 for the same period in 2021[37]. - The operating loss for the period was HKD 24,824,000, down from HKD 31,620,000 in the previous year, indicating a reduction of 21.5%[44]. - The company reported a loss of HKD 8,655 thousand for the period, compared to a loss of HKD 8,138 thousand in the same period last year[15]. Revenue Breakdown - Sales from electronic products amounted to HKD 16,218 thousand, down 35.0% from HKD 25,003 thousand in the previous year[26]. - Revenue from restaurant services was HKD 12,726 thousand, a decline of 16.8% compared to HKD 15,260 thousand in the prior year[26]. - Revenue from Hong Kong decreased to HKD 13,491,000 from HKD 16,024,000, representing a decline of 15.4%[37]. - Revenue from European countries dropped significantly to HKD 10,108,000 from HKD 17,972,000, a decrease of 43.5%[37]. - Sales revenue from electronic products for the six-month period was approximately HKD 16.22 million, a decrease of about 35.14% year-on-year[72]. Expenses and Liabilities - The company incurred administrative and other expenses of HKD 12.65 million for the six months ended September 30, 2022, compared to HKD 12.22 million in the previous year[6]. - Selling and distribution expenses for the six-month period were approximately HKD 0.65 million, a decrease of about 44.02% compared to HKD 1.16 million in the same period last year[75]. - Administrative and other expenses increased by approximately 3.49% to HKD 12.65 million for the six-month period ended September 30, 2022[76]. - The company's total liabilities included bank borrowings of HKD 1,950,000, which increased from HKD 1,596,000 in the previous year[44]. Cash Flow and Assets - The net cash generated from operating activities was HKD 1,533 thousand, a significant improvement from a net cash used of HKD 3,226 thousand in the same period last year[17]. - The total cash and cash equivalents at the end of the period increased to HKD 5,744 thousand, compared to HKD 2,750 thousand at the end of the previous year[17]. - Cash and bank balances increased from approximately HKD 4.04 million as of March 31, 2022, to HKD 5.74 million as of September 30, 2022[78]. - The company's total assets less current liabilities amounted to HKD 48.60 million as of September 30, 2022[12]. Shareholder Information - The weighted average number of ordinary shares issued during the period was 260,551,080, significantly increased from 130,413,003 shares in the previous year[54]. - Major shareholders include Siu Yik Tung Jamie with 45,153,919 shares, accounting for 12.62% of the issued share capital[114]. - Lissington Limited holds 90,827,518 shares, representing 25.38% of the total issued share capital[114]. - ECGO International Limited owns 88,004,813 shares, which is 24.60% of the total issued share capital[114]. Corporate Governance - The company emphasizes high-quality governance and compliance with the GEM Listing Rules, ensuring transparency and accountability to shareholders[122]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited interim results for the six months ending September 30, 2022[126]. - The company has adopted the GEM Listing Rules as its code of conduct for directors' securities transactions, with no known violations reported[121]. Future Plans and Investments - The company plans to utilize unspent IPO proceeds of approximately HKD 0.47 million within one year from the report date[90]. - The company aims to utilize the funds raised for general corporate purposes, including the expansion of its e-commerce business[98]. - The company did not engage in any significant investments, acquisitions, or disposals of subsidiaries during the six-month period[80].

Financial Performance - For the fiscal year ending March 31, 2022, the audited revenue was HKD 80,338,000, maintaining the same figure as the unaudited revenue[5]. - The gross profit for the same period was HKD 12,443,000, consistent with the unaudited results[5]. - The net loss for the year was HKD 21,852,000, an improvement of HKD 428,000 compared to the unaudited loss of HKD 22,280,000[5]. - The total comprehensive loss for the year was HKD 21,754,000, showing a reduction of HKD 428,000 from the unaudited total comprehensive loss of HKD 22,182,000[7]. - The basic and diluted loss per share was HKD 15.17, an improvement from HKD 15.46 in the unaudited results[7]. - The company reported a net operating loss of HKD 25,295 thousand, primarily driven by administrative and other expenses totaling HKD 6,613 thousand[20]. - The pre-tax loss for the year was HKD 21,852,000 in 2022, compared to HKD 26,680,000 in 2021, indicating an improvement[63]. - Basic and diluted loss per share improved to HKD (15.17) in 2022 from HKD (49.84) in 2021[67]. Revenue Breakdown - Total revenue reached HKD 80,338 thousand, with significant contributions from electronic products (HKD 45,571 thousand) and food services (HKD 24,556 thousand)[20]. - Total revenue for the year ended March 31, 2022, was HKD 80,338,000, representing a significant increase from HKD 49,352,000 in the previous year, marking a growth of approximately 62.9%[34]. - Revenue from the major product categories included HKD 45,571,000 from manufacturing and trading electronic products and components, up from HKD 35,148,000, reflecting a growth of about 29.5%[34]. - Revenue from restaurant operations reached HKD 24,556,000, which is an increase from HKD 12,921,000, indicating a growth of approximately 90.5%[34]. - Revenue from Hong Kong was HKD 34,373,000, significantly up from HKD 14,284,000, representing a growth of around 141.5%[37]. - Major customers contributed significantly to revenue, with Customer A generating HKD 25,020,000 in 2022, up from HKD 20,651,000 in 2021, reflecting a growth of approximately 21.5%[42]. - The company has not reported any single customer contributing more than 10% of total revenue, ensuring a diversified customer base[41]. Asset and Liability Overview - Non-current assets increased by HKD 390 million to HKD 4,646 million compared to the previous year[9]. - Current assets remained stable at HKD 44,326 million, with inventory and trade receivables unchanged at HKD 13,330 million and HKD 12,253 million respectively[9]. - Current liabilities increased by HKD 60 million, primarily due to an increase in accrued expenses and other payables[9]. - Total assets less current liabilities increased by HKD 428 million to HKD 33,291 million[9]. - The net asset value increased by HKD 428 million to HKD 4,278 million compared to the previous year[11]. - The company reported a total of HKD 12,594 million in other receivables, reflecting a slight increase of HKD 8 million[9]. - The company’s cash and cash equivalents remained stable at HKD 4,038 million[9]. - The company has no bank and other borrowings reported under non-current liabilities[11]. - The company’s total liabilities remained unchanged at HKD 29,013 million[11]. - The company’s equity increased by HKD 428 million, indicating a positive trend in financial health[11]. Expenses and Costs - The company recognized impairment losses of HKD 5,373,000 on property, plant, and equipment, which was not reflected in the unaudited results[5]. - Other income decreased by HKD 210,000 from HKD 2,654,000 in the unaudited results to HKD 2,444,000 in the audited results[5]. - Administrative expenses were reduced by HKD 150,000 from HKD 25,404,000 in the unaudited results to HKD 25,254,000 in the audited results[5]. - The total employee costs rose to HKD 26,673,000 in 2022 from HKD 21,514,000 in 2021, reflecting an increase of approximately 24%[50]. - The financial cost not allocated amounted to HKD 4,455 thousand, contributing to the overall financial performance[20]. - The company reported a financial cost of HKD 4,693,000 for the year ended March 31, 2021, which decreased to HKD 4,418,000 in the following year, showing a reduction of about 5.8%[34]. Government and Miscellaneous Income - The group received government subsidies amounting to HKD 162,000 in 2022, a substantial decrease from HKD 2,556,000 in 2021[43]. - The group reported miscellaneous income of HKD 202,000 in 2022, down from HKD 246,000 in 2021[43]. - The bank interest income for the year 2022 was HKD 2,000, while in 2021 it was HKD 11,000, showing a significant decrease[43]. - The service fee income increased slightly to HKD 799,000 in 2022 from HKD 795,000 in 2021[43]. Capital Expenditure and Asset Management - The company incurred a total capital expenditure of HKD 3,315 thousand during the reporting period[30]. - The depreciation of property, plant, and equipment amounted to HKD 5,159 thousand, indicating ongoing investment in physical assets[30]. - The impairment of property, plant, and equipment was recorded at HKD 5,373 thousand, highlighting potential challenges in asset valuation[30]. - The impairment of property, plant, and equipment was HKD 5,373,000 in 2022, significantly higher than HKD 131,000 in 2021[55]. Strategic Focus - The company is focusing on expanding its electronic products and food services segments, which are key revenue drivers[28]. - The company operates primarily in two regions: manufacturing in China and trading in Hong Kong, focusing on electronic products and restaurant services[35]. - The company has identified five geographical segments based on customer locations, with total revenue from external customers reaching HKD 80,338,000 in 2022[37]. - The company reported a significant increase in sales of specific products, such as the "Bee Sounder" which generated HKD 6,283,000 in 2022 compared to HKD 4,475,000 in 2021, marking a growth of approximately 40.4%[34].

Financial Performance - The company's revenue for the fiscal year ending March 31, 2022, was approximately HKD 803.4 million, an increase of about 62.79% compared to HKD 493.5 million for the previous fiscal year[10] - The net loss for the fiscal year was approximately HKD 218.5 million, a reduction of about 18.10% from a net loss of HKD 266.8 million in the previous year[10] - The gross profit margin decreased from approximately 18.39% in the previous year to about 15.49% for the fiscal year ending March 31, 2022[10] - The company reported a loss attributable to shareholders of approximately HKD 21.85 million, a decrease from a loss of about HKD 26.68 million in the previous year[19] - The sales revenue from electronic products was approximately HKD 47.28 million, reflecting a year-on-year increase of about 29.77% driven by higher sales of fishing indicators and control boards[17] - The revenue from the food and beverage segment was approximately HKD 24.56 million, representing a significant increase of about 90.05% compared to the previous year[18] - The company's five largest customers contributed approximately HKD 46.21 million to revenue, an increase of about 52.21% from HKD 30.36 million in the previous year[22] - Selling and distribution expenses increased to approximately HKD 1.88 million, a rise of about 57.10% from HKD 1.20 million in the previous year[22] - Administrative and other expenses decreased by approximately 7.03% to about HKD 25.25 million from HKD 27.17 million in the previous year[23] Business Operations - The company is primarily engaged in the manufacturing and trading of electronic products and accessories, with no significant changes in its main business operations during the fiscal year[135] - The manufacturing business in China faced challenges due to fluctuations in raw material prices and increased competition, impacting overall business performance[10] - The group operates primarily in the manufacturing and trading of electronic products and has expanded into the restaurant business in Hong Kong, contributing significantly to operational revenue[193] Corporate Governance - The company is registered in the Cayman Islands and operates primarily in Hong Kong, with its main office located in Tsuen Wan[5] - The company has appointed a new CEO, Ms. Cheng, as of May 20, 2022[5] - The company is listed on the GEM of the Hong Kong Stock Exchange under stock code 8218[7] - The company's board of directors is committed to ensuring the accuracy and completeness of the financial report[3] - The board aims to expand its EMS business to international clients, particularly in the Chinese market, recognizing its significant potential[23] - The board of directors consists of 7 members, with 2 being female, and the company aims to provide comprehensive training for female employees to prepare them for senior management roles[119] - The board is committed to high levels of business ethics and corporate governance, aiming to enhance shareholder value[82] - The company has established a remuneration committee to oversee the compensation structure for directors and senior management[181] - The company confirms compliance with GEM listing rules regarding related party transactions and disclosures[185] Internal Controls and Risk Management - The company will continue to hire independent professionals to review its internal control system and will strengthen internal monitoring as appropriate[49] - The board has reviewed the need for an internal audit function and believes that hiring independent professionals for internal auditing is more cost-effective given the company's business scale and complexity[49] - The company has identified significant deficiencies in internal controls and has outlined actions to address these issues[55] - The company has implemented internal control systems and risk management procedures to identify and manage risks associated with its business activities[113] - The company is committed to addressing any internal control issues and has taken necessary actions to resolve deficiencies[113] Employee and Management Information - Total employee costs, including directors' remuneration, were approximately HKD 26.67 million for the year ended March 31, 2022, up from HKD 21.51 million in 2021[34] - The group employed a total of 158 staff as of March 31, 2022, compared to 155 in 2021[34] - The management team has extensive experience, with key members having over 15 years in accounting, audit, and consultancy[69] - The procurement manager has over 23 years of experience in procurement and material control, focusing on reducing raw material costs and maintaining supplier relationships[71] Environmental, Social, and Governance (ESG) Initiatives - The company has implemented various policies and measures to support environmental sustainability and reduce its environmental impact[140] - The board oversees environmental, social, and governance (ESG) matters to ensure compliance with local laws and regulations, enhancing the company's brand image[199] - The company has initiated stakeholder feedback mechanisms to identify expectations and develop appropriate strategies for sustainable development[195] - The group has established a quantitative approach to disclose key performance indicators related to environmental and social aspects, enhancing data transparency[196] - The company is committed to fair disclosure of both performance and challenges related to sustainable development, providing unbiased information to the public[197] Shareholder Information - The company has established multiple channels for communication with shareholders and stakeholders, ensuring timely dissemination of information[130] - The group did not recommend any dividend for the year ended March 31, 2022, consistent with 2021[29] - The company has established a dividend policy to allow shareholders to share in profits while retaining sufficient reserves for future growth[123] - The board retains the absolute right to update, amend, or cancel the dividend policy at any time without creating a legal obligation for future dividends[123] Audit and Compliance - The audit committee reviewed the company's financial reports for the fiscal year ending March 31, 2022, ensuring compliance with applicable accounting standards[99] - The external auditor's fees for the fiscal year include HKD 600,000 for audit services and HKD 7,000 for non-audit services[116] - The financial statements for the year were audited by Guo Wei CPA Limited, with a resolution to reappoint them for the next fiscal year to be presented at the upcoming annual general meeting[190] Market Position and Customer Relations - The top five customers accounted for approximately 57.52% of the total revenue, with the largest customer contributing about 31.15% of the total revenue[152] - The top five suppliers represented around 26.74% of the total procurement amount, with the largest supplier accounting for approximately 6.43% of the total procurement[152] - The company maintains long-term relationships with business partners as a key objective[152]