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]

Financial Performance - The company recorded unaudited revenue of approximately HKD 40.26 million for the six months ended September 30, 2021, representing an increase of approximately 58.82% compared to the same period last year[3]. - The unaudited profit attributable to the owners of the company for the six months ended September 30, 2021, was approximately HKD 0.26 million, a significant improvement from a loss of approximately HKD 4.93 million in the same period last year[3]. - Basic and diluted earnings per share for the six months ended September 30, 2021, were approximately HKD 0.20 cents, compared to a loss of approximately HKD 9.66 cents per share in the same period last year[3]. - The gross profit for the six months ended September 30, 2021, was approximately HKD 8.61 million, compared to HKD 2.37 million in the same period last year[6]. - The company reported a total comprehensive income of approximately HKD 4.52 million for the six months ended September 30, 2021, compared to a loss of approximately HKD 3.85 million in the same period last year[6]. - Total revenue for the six months ended September 30, 2021, was HKD 40,263,000, representing a 58.7% increase from HKD 25,352,000 in the same period of 2020[20]. - Revenue from restaurant operations increased significantly to HKD 15,260,000, compared to HKD 5,085,000, marking a growth of 200.5%[20]. - The operating loss for the six months ended September 30, 2021, was HKD (4,184,000), compared to a loss of HKD (4,929,000) in the same period of 2020, indicating a slight improvement[28]. - The company reported a profit attributable to shareholders of HKD 256,000 for the six months ended September 30, 2021, compared to a loss of HKD 4,929,000 in the same period of 2020[44]. Assets and Equity - The company’s total equity as of September 30, 2021, was approximately HKD 26.31 million, an increase from HKD 0.16 million as of March 31, 2021[9]. - The company’s total equity as of September 30, 2021, was HKD 26,309,000, an increase from HKD 19,243,000 as of March 31, 2021[11]. - The company’s total assets less current liabilities amounted to approximately HKD 65.55 million as of September 30, 2021[8]. - Non-current assets were valued at approximately HKD 42.99 million as of September 30, 2021[8]. Cash Flow and Financial Costs - The net cash used in operating activities for the six months was HKD (3,226,000), slightly improved from HKD (3,423,000) in the previous year[13]. - Cash and cash equivalents at the end of the period were HKD 2,750,000, down from HKD 5,363,000 at the end of the previous year[13]. - The company’s financial costs decreased to approximately HKD 0.87 million for the six months ended September 30, 2021, from HKD 1.51 million in the same period last year[6]. - The company’s financial costs for the period included interest expenses totaling HKD 1,596,000, down from HKD 2,224,000 in the previous year[36]. Revenue Segmentation - Sales of electronic products amounted to HKD 25,003,000, up from HKD 20,267,000, reflecting a growth of 23.5% year-over-year[20]. - Revenue from Hong Kong increased significantly to HKD 16,024,000 from HKD 6,103,000, marking a 162.5% growth year-over-year[30]. - The company’s revenue from Europe increased to HKD 17,972,000 from HKD 13,752,000, representing a 30.4% increase year-over-year[30]. - Sales from the electronics segment for the six months were approximately HKD 25.00 million, representing an increase of about 23.37% compared to the previous year[64]. - Revenue from the catering services segment was approximately HKD 15.26 million, a significant increase of about 200.10% compared to approximately HKD 5.09 million in the same period last year[66]. Expenses - Selling and distribution expenses for the six months were approximately HKD 1.16 million, an increase of about 114.97% from approximately HKD 0.54 million in the previous year[67]. - Administrative and other expenses were approximately HKD 12.22 million, an increase of about 24.20% compared to approximately HKD 9.84 million for the same period last year[68]. - The total cost of goods sold for the period was HKD 31,620,000, up from HKD 19,226,000 in the previous year, reflecting increased operational costs[36]. Corporate Governance and Compliance - The audit committee reviewed the unaudited condensed consolidated results for the six months ending September 30, 2021, ensuring compliance with applicable accounting standards and GEM listing rules[103]. - The company has adopted the GEM listing rules regarding the standards of conduct for directors' securities transactions, with no known violations during the reporting period[98]. - The company emphasizes high-quality governance principles, maintaining transparency and accountability to shareholders, and has complied with the corporate governance code during the reporting period[99]. - No significant interests were disclosed by directors in any contracts that could materially affect the group's business during the six months ending September 30, 2021[100]. - There were no known competitive businesses or conflicts of interest involving directors or major shareholders during the reporting period[102]. Shareholder Information - The weighted average number of ordinary shares in issue during the period was 130,413,003, significantly increased from 51,000,000 in the previous year[44]. - As of September 30, 2021, the company’s directors and key executives held a total of 4,878,000 shares, representing approximately 4.38% of the issued share capital[88]. - The company has a stock option plan that allows for the issuance of options at an exercise price of HKD 0.15 per share, with a total of 80,000,000 shares available for subscription[82]. - The company has a total of 20,885,508 shares held by Siu Yik Tung Jamie, which includes 6,263,559 shares related to convertible bond holders[94]. - Lissington Limited holds 9,867,486 shares, representing 8.50% of the company's issued share capital[94]. Future Plans and Strategies - The company plans to utilize the unspent proceeds from its initial public offering within one year from the report date[73]. - The company aims to expand its customer base and increase market share through enhanced marketing activities and the development of new electronic products[64]. - The company is focused on expanding its restaurant business as part of its growth strategy[79]. - The company is in the process of acquiring a stake in Lanshan Financial Group Limited, with the announcement of the acquisition being postponed to November 30, 2021, for further details[80]. Stock and Securities - The company did not purchase, sell, or redeem any of its listed securities during the six months ending September 30, 2021[97]. - No stock options were granted, exercised, or lapsed under the stock option plans during the six months ended September 30, 2021[85]. - The total amount utilized from the net proceeds of the placement was approximately HKD 23.5 million, with HKD 2.0 million remaining unutilized[79]. - The company completed a placement of 88,000,000 new shares at a revised price of HKD 0.30 per share, raising approximately HKD 25.5 million[77]. - As of September 30, 2021, the net proceeds from the placement were allocated as follows: HKD 17.4 million for expanding the restaurant business and HKD 6.1 million for general corporate purposes, leaving HKD 2.0 million unutilized[79].

Financial Performance - The company recorded unaudited revenue of approximately HKD 18,070,000 for the three months ended June 30, 2021, a decrease of about 46.41% compared to the same period last year[3]. - The unaudited loss attributable to owners of the company for the same period was approximately HKD 1,210,000, compared to a loss of HKD 250,000 in the same period of 2020[3]. - Basic and diluted loss per share for the three months ended June 30, 2021, was HKD 1.06, compared to HKD 0.49 (restated) for the same period in 2020[3]. - Total comprehensive loss for the period was HKD 4,242,000, which includes a foreign exchange loss of HKD 3,028,000[6]. - The group reported a pre-tax loss of HKD 1,219,000 for the period, compared to a loss of HKD 1,214,000 in the previous year[22]. - The group incurred an operating loss of HKD 3,407,000 during the period[22]. - The gross profit margin decreased from approximately 31.81% for the three months ended June 30, 2020, to 10.47% for the same period in 2021, primarily due to a reduction in sales of high-margin dishes in the restaurant business[53]. Revenue Breakdown - Revenue from electronic product sales reached HKD 11,202,000 for the three months ended June 30, 2021, compared to HKD 9,618,000 in 2020, representing a growth of 16.5%[19]. - Revenue from restaurant operations increased to HKD 6,870,000 in Q2 2021, up from HKD 2,725,000 in Q2 2020, marking a significant increase of 152.5%[19]. - Total revenue for the group was HKD 18,072,000 for the three months ended June 30, 2021, compared to HKD 12,343,000 in the same period of 2020, reflecting an overall growth of 46.5%[19]. - Revenue from Hong Kong was HKD 7,156,000 in Q2 2021, up from HKD 3,142,000 in Q2 2020, indicating a growth of 128.3%[30]. - Revenue from other Asian countries (excluding Hong Kong) was HKD 8,022,000 in Q2 2021, compared to HKD 6,255,000 in Q2 2020, an increase of 28.3%[30]. - Revenue from the electronic products segment for the three months was approximately HKD 11,200,000, an increase of about 16.47% compared to the same period in 2020[49]. - The restaurant segment generated revenue of approximately HKD 6,870,000, which is an increase of about 152.11% compared to the same period in 2020[52]. Expenses and Dividends - The company’s administrative and other expenses amounted to HKD 6,550,000 for the three months ended June 30, 2021[6]. - The board of directors did not recommend the payment of any dividend for the three months ended June 30, 2021, compared to no dividend in the same period of 2020[3]. - The group did not declare any dividends for the three months ended June 30, 2021, consistent with the previous year[38]. - Administrative and other expenses for the three months were approximately HKD 6,550,000, an increase of about 44.21% compared to HKD 4,540,000 for the same period in 2020[53]. Corporate Governance and Compliance - The company has complied with the corporate governance code as per GEM Listing Rules during the three-month period ending June 30, 2021[70]. - The audit committee has been established to review and supervise the financial reporting process and internal controls of the group[74]. - The committee consists of three independent non-executive directors[74]. - The unaudited condensed consolidated financial statements for the three-month period have been reviewed by the committee[74]. - The committee believes that the financial statements are prepared in accordance with applicable accounting standards and have made adequate disclosures[74]. Future Plans and Business Focus - The company plans to focus on its core business of selling electronic products and aims to increase market share through more promotional and marketing activities[50]. - The company will continue to explore new business opportunities to broaden revenue sources and maximize profits for shareholders in the long term[48]. - The increase in electronic product sales was mainly due to a rise in sales of high-end fishing indicators, which increased by approximately HKD 1,920,000 compared to the same period in 2020[50]. Shareholder Information - As of June 30, 2021, major shareholders include Siu Yik Tung Jamie with 14,621,948 shares, representing 13.23% of the issued share capital[63]. - The weighted average number of ordinary shares in issue during the three months was 114,087,654, compared to 51,000,000 for the same period in 2020[50]. Accounting Standards - The company has not adopted any new accounting standards that have a significant impact on the unaudited consolidated financial statements[13]. - The unaudited consolidated financial statements have not been reviewed by the company's auditor but have been reviewed by the audit committee[13]. Other Information - The company has not purchased, sold, or redeemed any of its listed securities within the three-month period[68]. - No significant contracts were entered into by directors that would have a major impact on the group's business during the three-month period[71]. - There were no known competitive businesses or conflicts of interest involving directors or major shareholders during the three-month period[72].

Financial Performance - The group's revenue for the fiscal year ending March 31, 2021, was approximately HKD 49.35 million, a slight increase of about 0.20% compared to HKD 49.25 million for the previous year[10]. - The net loss for the fiscal year ending March 31, 2021, was approximately HKD 26.68 million, an increase of about 6.30% from a net loss of HKD 25.10 million in the previous year[10]. - The gross profit margin decreased from approximately 19.57% in the previous year to about 18.39% for the fiscal year ending March 31, 2021[10]. - Revenue from the electronic products segment was approximately HKD 36.43 million, representing an increase of about 10.53% year-over-year, primarily due to increased sales of fishing indicators[17]. - The restaurant segment generated revenue of approximately HKD 12.92 million, a decrease of about 20.69% year-over-year, mainly due to the negative impact of COVID-19 and social distancing policies[18]. - The company's overall gross profit margin decreased from approximately 19.57% to 18.39% due to a reduction in orders for higher-margin products[22]. - The company reported a loss attributable to shareholders of approximately HKD 26.68 million for the fiscal year, compared to a loss of approximately HKD 25.10 million in the previous year[19]. - The company did not recommend the payment of any dividends for the fiscal year ending March 31, 2021[30]. - The company reported no final dividend for the fiscal year ending March 31, 2021[142]. Business Strategy and Development - The company launched a new product, the LED Wide Angle HUD2, featuring an eye-protecting filter, three brightness levels, and twelve LED lights[9]. - The company plans to focus on low-risk, higher-margin businesses and invest in the food and beverage sector moving forward[11]. - The company plans to expand its EMS business to international clients, particularly in the Chinese market, which is seen as having significant potential[23]. - The company aims to launch four to five new products in 2021, including lighting security system controllers and power management boards, to enhance market share and customer base[24]. - The company anticipates short-term impacts from COVID-19 but expects to accelerate cash flow collection and increase sales agreements with core customers to enhance profitability[39]. - The company plans to utilize the remaining unutilized proceeds from the IPO within one year from the report date[40]. - The company is implementing cost-reduction strategies aimed at decreasing raw material costs by 15% over the next year[70]. - The company has adopted new pricing strategies based on market data analysis, which are expected to improve profit margins by 5%[69]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[71]. - A strategic acquisition of a local competitor is being considered to enhance product offerings and customer base, with potential synergies estimated at HKD 30 million annually[71]. Corporate Governance - The management team emphasized the importance of maintaining high corporate governance standards to enhance shareholder value and operational efficiency[82]. - The board of directors confirmed compliance with all relevant corporate governance codes, ensuring transparency and accountability in operations[82]. - The company has established a clear division of responsibilities between the roles of the chairman and the CEO, held by Mr. Lao Xinyi and Mr. Zheng Ruo Xiong respectively[93]. - The company has adopted a policy allowing employees and stakeholders to report any potential misconduct to the audit committee[100]. - The company has maintained a commitment to ensuring that independent non-executive directors attend shareholder meetings as per the code provisions[90]. - The company has purchased directors and officers liability insurance to protect its directors against legal claims[96]. - The company is committed to environmental sustainability and has implemented policies to reduce its environmental impact[144]. - The company has established various channels for communication with shareholders and investors, including annual reports and a dedicated website[134]. - The company has identified and is managing risks associated with its business activities through a structured internal control system[122]. - The board is responsible for internal control systems and risk management, ensuring reasonable assurance against significant misstatements or losses[122]. Employee and Operational Metrics - As of March 31, 2021, the company's current assets were approximately HKD 5.61 million, a decrease from approximately HKD 26.03 million in the previous year[28]. - As of March 31, 2021, the total employee cost, including director remuneration, was approximately HKD 21.5 million, compared to HKD 20.31 million in 2020, reflecting an increase of about 5.85%[35]. - The company employed a total of 155 employees as of March 31, 2021, down from 163 employees in 2020, indicating a reduction of about 4.88%[35]. - The company has engaged an independent internal control consultant to review and improve its internal control systems, addressing identified issues and deficiencies[50]. - The company has not utilized any financial instruments for hedging purposes as of March 31, 2021, indicating a low foreign exchange risk perception[34]. Shareholder and Financial Reporting - The board of directors presented the audited consolidated financial statements for the year ending March 31, 2021[137]. - The company’s financial performance and position as of March 31, 2021, are detailed in the financial statements on pages 69 to 170[141]. - The top five customers accounted for approximately 61.52% of the total revenue, with the largest customer contributing about 41.84% of the total revenue[156]. - The top five suppliers represented approximately 38.96% of the total procurement amount, with the largest supplier accounting for about 11.73% of the total procurement[156]. - The company has maintained sufficient public float as per GEM listing rules prior to the publication of the annual report[182]. - The company confirms compliance with GEM listing rules regarding disclosure of related party transactions[186]. - The company has two stock option plans, including one adopted prior to the initial public offering[164]. - A total of 80,000,000 shares were granted under the pre-IPO stock option plan at an exercise price of HKD 0.15 per share[165]. - As of March 31, 2021, 4,000,000 stock options were still unexercised under the pre-IPO stock option plan[168]. - The company did not capitalize equity during the fiscal year ending March 31, 2021[150]. Market and Industry Context - The group primarily engages in the manufacturing and trading of electronic products and accessories, with no significant changes in business nature during the fiscal year[139]. - The group expanded its business scope by entering the restaurant industry in 2018, adding a new Chinese restaurant in Hong Kong Island in February 2021[193]. - The group operates three main business segments: the headquarters in Hong Kong, two Chinese restaurants, and an electronic products manufacturing factory in Shenzhen[193].

Financial Performance - For the nine months ended December 31, 2020, the company recorded unaudited revenue of approximately HKD 37,090,000, a decrease of about 11.89% compared to the same period last year[5]. - The unaudited loss attributable to owners of the company for the nine months ended December 31, 2020, was approximately HKD 9,210,000, compared to a loss of HKD 17,430,000 in 2019[5]. - Basic and diluted loss per share for the nine months ended December 31, 2020, was 18.07 HK cents, compared to 1.71 HK cents in 2019[5]. - The company did not recommend the payment of a dividend for the third quarter ended December 31, 2020, compared to no dividend in the same period last year[5]. - For the three months ended December 31, 2020, the company reported revenue of HKD 11,740,000, down from HKD 14,767,000 in the same period of 2019[10]. - The gross profit for the nine months ended December 31, 2020, was HKD 8,345,000, compared to HKD 3,167,000 in 2019[10]. - The total comprehensive loss for the nine months ended December 31, 2020, was HKD 5,892,000, compared to HKD 9,214,000 in 2019[10]. - The company reported a total comprehensive loss attributable to owners of the company of HKD 1,637,000 for the three months ended December 31, 2020[10]. - The company’s financial costs for the nine months ended December 31, 2020, were HKD 2,871,000, compared to HKD 760,000 in 2019[10]. - The group reported a total loss of HKD 9,214,000 for the nine months ended December 31, 2020, compared to a profit of HKD 6,152,000 in the same period of 2019[27]. - The group's revenue for the nine-month period was approximately HKD 37,090,000, a decrease of about 11.89% compared to HKD 42,100,000 in the same period of 2019[64]. - The loss attributable to the company's owners for the nine-month period was approximately HKD 9,210,000, compared to a loss of about HKD 17,430,000 in the same period of 2019[67]. Revenue Breakdown - Electronic product sales for the three months ended December 31, 2020, were HKD 8,815,000, a decrease of 20.0% from HKD 11,041,000 in the same period of 2019[20]. - Restaurant business revenue for the three months ended December 31, 2020, was HKD 2,925,000, down 21.5% from HKD 3,726,000 in the same period of 2019[20]. - Total revenue for the nine months ended December 31, 2020, was HKD 11,740,000, a decrease of 20.5% compared to HKD 14,767,000 for the same period in 2019[20]. - Revenue from electronic products for the nine months ended December 31, 2020, was HKD 27,949,000, a decrease of 1.5% from HKD 28,375,000 in the same period of 2019[27]. - Revenue from external customers in Europe for the nine months ended December 31, 2020, was HKD 20,762,000, down 6.5% from HKD 22,200,000 in the same period of 2019[32]. - Revenue from external customers in Asia (excluding Hong Kong) for the nine months ended December 31, 2020, was HKD 9,209,000, a decrease of 11.0% from HKD 10,350,000 in the same period of 2019[32]. - The revenue from the restaurant business decreased by approximately 40.99% to about HKD 8,010,000 during the nine-month period[62]. Expenses and Costs - The company incurred administrative and other expenses of HKD 16,817,000 for the nine months ended December 31, 2020, compared to HKD 2,175,000 in 2019[10]. - The company's financial costs included interest on convertible bonds amounting to HKD 2,701,000 for the nine months ended December 31, 2020, down from HKD 2,946,000 in the same period of 2019[39]. - Sales and distribution expenses for the nine-month period were approximately HKD 940,000, an increase of about 5.24% compared to HKD 900,000 in the same period of 2019[66]. - Administrative and other expenses were approximately HKD 16,820,000, reflecting an increase of about 7.87% compared to HKD 15,600,000 in the same period of 2019[66]. Corporate Governance - Major shareholders include Lissington Limited, holding 2,204,800 shares, which accounts for 26.31% of the company's issued share capital[84]. - The company has complied with the corporate governance code as per GEM listing rules during the nine-month period ending December 31, 2020[88]. - The company has adopted the GEM listing rules regarding the standards for directors' securities transactions, with no known violations reported[88]. - The total number of shares held by directors and key executives as of December 31, 2020, includes 4,878,000 shares held by Zheng Ruoxiong, representing a significant personal interest[80]. - The company emphasizes high-quality board governance and transparency to shareholders as part of its corporate governance practices[88]. - No significant contracts were identified where directors hold major interests that could impact the group's business as of December 31, 2020[89]. - The board is not aware of any business or interests held by directors or major shareholders that directly or indirectly compete with the group's business as of December 31, 2020[90]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2020, ensuring compliance with applicable accounting standards[91]. Future Plans and Opportunities - The company plans to explore new business opportunities to broaden revenue sources and maximize long-term benefits for shareholders[59]. - The company plans to increase market share through more promotional and marketing activities and the design and development of new electronic products[64]. - The company is in the process of leasing new properties for manufacturing electronic products, pending shareholder approval[54]. - The company completed the placement of convertible bonds amounting to approximately HKD 9,408,000, with net proceeds intended for investment in the restaurant business and operational funding[71]. Stock Options - The company has two stock option plans adopted on September 27, 2013, including a pre-IPO stock option plan and a stock option plan[75]. - The company granted a total of 80,000,000 stock options under the pre-IPO stock option plan, equivalent to 4,000,000 shares after the share consolidation[76]. - As of December 31, 2020, 22,800,000 stock options were unexercised, representing 2.19% of the company's issued shares[76]. - The company reported no stock options granted, exercised, or expired during the nine-month period ending December 31, 2020[77]. - The company has a total of 80,000,000 stock options available, with 4,000,000 options currently exercisable[76].