Summary of Key Points Core Viewpoint - As of August 26, a total of 135 stocks reached their 52-week highs, indicating a strong market performance with notable leaders in the sector [1]. Stock Performance Highlights - The top three stocks with the highest increase rates are: - 恒基发展 (Hengji Development) at 69.72% with a closing price of 0.335 and a peak of 0.370 [1] - 中国智能交通 (China Intelligent Transportation) at 68.89% with a closing price of 0.305 and a peak of 0.380 [1] - 桦欣控股 (Hua Xin Holdings) at 54.26% with a closing price of 17.000, reaching its peak at the same price [1] Additional Notable Stocks - Other significant performers include: - 绿色经济 (Green Economy) at 22.16% [1] - 米兰站 (Milan Station) at 21.83% [1] - 永义国际 (Yongyi International) at 21.21% [1] - 金界控股 (Golden Realm Holdings) at 18.11% [1] 52-Week Low Rankings - The stocks that reached their 52-week lows include: - 鸿盛昌资源股权 (Hongsheng Chang Resources) at a low of 0.010, down 37.50% [4] - 德商产投服务 (DeShang Investment Services) at a low of 0.830, down 17.00% [4] - 新华联合投资 (Xinhua United Investment) at a low of 0.092, down 15.60% [4]

Core Insights - As of August 18, 199 stocks reached a 52-week high, with PACIFIC LEGEND (08547), 百心安－Ｂ (02185), and 亦辰集团 (08365) leading the high rate at 75.34%, 48.09%, and 26.56% respectively [1][2] 52-Week High Rankings - PACIFIC LEGEND (08547) closed at 0.630, with a peak of 0.640, achieving a high rate of 75.34% [2] - 百心安－Ｂ (02185) closed at 9.300, with a peak of 9.300, achieving a high rate of 48.09% [2] - 亦辰集团 (08365) closed at 0.690, with a peak of 0.710, achieving a high rate of 26.56% [2] - Other notable stocks include 飞鱼科技 (01022) at 25.00%, 远大中国 (02789) at 23.72%, and 威讯控股 (01087) at 23.61% [2] 52-Week Low Rankings - 台州水务 (01542) reached a low of 1.240, with a decline rate of -8.15% [4] - 中国万天控股 (01854) reached a low of 0.850, with a decline rate of -5.56% [4] - 中显智能齐家控股 (08395) reached a low of 0.162, with a decline rate of -4.71% [4]

截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 同景新能源集團控股有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08326 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 本月底法定/註 ...

[Company Information](index=4&type=section&id=公司資料) This section provides an overview of the company's governance structure, including its board composition and key professional advisors [Board of Directors and Committees](index=4&type=section&id=4.1%20董事會及委員會) The company's board comprises three executive and three independent non-executive directors, with audit, remuneration, nomination, and compliance committees ensuring robust corporate governance - Board members include Mr. Wu Jiannong (Chairman and CEO), Ms. Shen Menghong, Mr. Xu Shuisheng (Executive Directors), and Ms. Wang Xiaoxiong, Mr. Zhou Yuan, Mr. Shen Fuxin (Independent Non-Executive Directors)[5](index=5&type=chunk) - The company has an Audit Committee (Chairperson: Ms. Wang Xiaoxiong), Remuneration Committee (Chairman: Mr. Zhou Yuan), Nomination Committee (Chairperson: Ms. Wang Xiaoxiong), and Compliance Committee (Chairperson: Ms. Shen Menghong)[5](index=5&type=chunk) [Contact and Professional Advisors](index=4&type=section&id=4.2%20聯絡及專業顧問) The company is registered in the Cayman Islands with its Hong Kong headquarters in Central, appointing Union Registrars Limited as its Hong Kong share registrar and UHY CPA Limited as its auditor - The company's registered office is in the Cayman Islands, with its Hong Kong headquarters and principal place of business at Unit 19, 20/F, Wellington Plaza, 1 Wellington Street, Central, Hong Kong[5](index=5&type=chunk) - Union Registrars Limited serves as the Hong Kong share registrar, and UHY CPA Limited is the auditor[6](index=6&type=chunk) - The company's stock code is **8326**, and its official website is www.tonkinggroup.com.hk[6](index=6&type=chunk) [Chairman's Statement](index=6&type=section&id=主席報告書) This statement highlights the Group's financial achievements and strategic direction for the year, emphasizing growth and future focus on renewable energy [Financial Performance](index=6&type=section&id=6.1%20財務表現) For the year ended March 31, 2025, the Group achieved significant growth in both revenue and profit attributable to owners, increasing by **34.4%** and **118.3%** year-on-year, respectively FY2025 Financial Performance | Indicator | FY2025 (HKD) | FY2024 (HKD) | Year-on-year Growth | | :--- | :--- | :--- | :--- | | Revenue | 1,030,000,000 | 766,100,000 | 34.4% | | Profit attributable to owners of the Company | 71,700,000 | 32,800,000 | 118.3% | [Corporate Actions and Strategic Outlook](index=6&type=section&id=6.2%20企業行動與戰略展望) The company completed a voluntary conditional cash offer and rights issue during the year, strengthening its financial position, and plans to focus on building green, smart photovoltaic power stations in the new energy era - The company completed a voluntary conditional cash offer in May 2024 and a rights issue in August 2024, issuing one rights share for every two existing shares, which strengthened the Group's financial position and avoided ongoing interest expenses[10](index=10&type=chunk) - In response to the 2030 carbon peak and 2060 carbon neutrality goals, the Group will primarily drive solar photovoltaic power generation, aiming to build green, smart photovoltaic power stations globally[10](index=10&type=chunk) [Management Discussion and Analysis](index=8&type=section&id=管理層討論與分析) This section reviews the Group's business performance, financial position, liquidity, and key risks, alongside its human resources and environmental policies [Business Review and Future Prospects](index=8&type=section&id=8.1%20業務回顧及未來前景) The Group's renewable energy business now focuses on one-stop photovoltaic power station solutions and patented tracking fixed bracket system sales, actively adapting to market changes for intelligent and efficient development - The Group's renewable energy business is divided into two main segments: providing one-stop value-added solutions for photovoltaic power stations (EPC, maintenance support, and inspection) and selling patented photovoltaic tracking fixed bracket systems[16](index=16&type=chunk) - In 2024, global newly installed photovoltaic capacity reached **530 GW**, a **35.9% year-on-year increase**, with China's new installations at **277.57 GW**, a **28.3% year-on-year increase**, accounting for **40% of the global total**[16](index=16&type=chunk) - The Group is committed to building a digital and intelligent photovoltaic tracking control platform, utilizing big data and AI technology to reduce costs, increase power generation, and adapt to the end of the fixed feed-in tariff era for domestic photovoltaic power stations[16](index=16&type=chunk)[19](index=19&type=chunk) [Financial Review](index=9&type=section&id=8.2%20財務回顧) The Group achieved substantial growth in revenue and net profit in FY2025, though cost of sales and administrative expenses also increased FY2025 Financial Review | Indicator | FY2025 (HKD thousands) | FY2024 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Revenue | 1,029,921 | 766,108 | Increased by 34.4% | | Cost of sales | 875,513 | 669,599 | Increased | | Total administrative and other operating expenses | 47,618 | 39,874 | Increased by 19.4% | | Profit attributable to owners of the Company | 71,652 | 32,822 | Increased by 118.3% | [Liquidity, Financial and Capital Resources](index=10&type=section&id=8.3%20流動資金%E3%80%81財務及資本來源) The Group significantly enhanced its share capital and equity through a rights issue and increased net profit, improving cash position, reducing the gearing ratio, and strengthening financial stability FY2025 Liquidity and Capital Position | Indicator | As of March 31, 2025 (HKD thousands) | As of March 31, 2024 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Total number of issued shares | 1,227,000,000 shares | 818,000,000 shares | Increased | | Share capital | 12,270 | 8,180 | Increased | | Equity attributable to owners of the Company | 357,197 | 253,900 | Increased | | Cash and cash equivalents | 80,672 | 44,318 | Increased | | Restricted/pledged bank deposits | 44,084 | 48,959 | Decreased | | Total bank and other borrowings | 94,358 | 96,905 | Decreased | | Gearing ratio | 29% | 37% | Decreased by 8 percentage points | - The decrease in gearing ratio is primarily attributable to the completion of the rights issue and an increase in net profit during the year[27](index=27&type=chunk) - The Group is primarily exposed to RMB exchange rate fluctuation risk and has not entered into foreign exchange contracts for hedging, but may consider using hedging derivative instruments in the future[29](index=29&type=chunk) [Employees and Remuneration Policy](index=11&type=section&id=8.5%20僱員及薪酬政策) As of March 31, 2025, the Group's employee count increased to 162, offering competitive remuneration, internal training, and various benefits to attract and retain talent - As of March 31, 2025, the Group had **162 employees** (including directors), an increase from 128 in 2024[33](index=33&type=chunk) - The Group offers competitive remuneration (referencing market conditions, individual qualifications, and experience) and various internal training programs, along with benefits such as a profit-sharing scheme, medical insurance, work injury insurance, and rental allowances[33](index=33&type=chunk) [Key Risks and Uncertainties](index=12&type=section&id=8.4%20主要風險及不明朗因素) The Group faces credit, interest rate, and liquidity risks, managed through monitoring and strategic approaches to balance funding sustainability and flexibility - Credit risk primarily arises from contract assets, trade and bills receivables, other receivables, and cash equivalents[34](index=34&type=chunk) - The Group has no significant interest-bearing financial assets and liabilities with floating interest rates, so interest rate risk is not significant[35](index=35&type=chunk) - Liquidity risk is managed by utilizing bank borrowings, advances from related parties, and internally generated funds to maintain funding sustainability and flexibility[36](index=36&type=chunk) [Environmental Policy and Performance](index=12&type=section&id=8.6%20環境政策及表現) The Group is committed to enhancing green initiatives and environmental awareness in daily operations, adhering to 3R principles, and integrating its ESG report into the annual report - The Group promotes environmental protection, educates employees on environmental awareness, adheres to the 3R principles of recycle, reuse, and reduce waste, and uses energy-efficient appliances in production[37](index=37&type=chunk) - The Group's Environmental, Social and Governance Report is included in the annual report, detailing its environmental efforts[38](index=38&type=chunk) [Key Relationships with Employees, Customers, and Suppliers](index=12&type=section&id=8.7%20與僱員%E3%80%81客戶及供應商的主要關係) The Group maintains good relationships with employees, customers, and suppliers, ensuring fair remuneration and no significant salary payment disputes - The Group maintains good relationships with customers and suppliers[39](index=39&type=chunk)[40](index=40&type=chunk) - For the year ended March 31, 2025, there were no significant disputes regarding salary payments, and all employees received fair remuneration and benefits[40](index=40&type=chunk) [Key Performance Indicators](index=12&type=section&id=8.8%20主要表現指標) The Group's key financial performance indicators are detailed in the 'Five-Year Financial Summary' section of the annual report - The Group's key financial performance indicators for the

Financial Performance - The company reported a total revenue of HKD 1,029,921,000 for the fiscal year ending March 31, 2025, representing a 34.4% increase from HKD 766,108,000 in the previous year[4]. - Gross profit for the same period was HKD 154,408,000, up 60.1% from HKD 96,509,000 year-over-year[4]. - The net profit for the year was HKD 72,850,000, which is a significant increase of 115.5% compared to HKD 33,868,000 in the prior year[5]. - The company’s earnings per share (EPS) increased to HKD 6.56 from HKD 3.80, reflecting a growth of 72.4%[5]. - Total comprehensive income for the year was HKD 71,683,000, compared to HKD 17,504,000 in the previous year, marking an increase of 309.5%[5]. - The company reported other income and gains of HKD 6,888,000, up from HKD 3,996,000, indicating a growth of 72.3%[4]. - The net profit attributable to shareholders for 2025 was HKD 71,652 thousand, significantly higher than HKD 32,822 thousand in 2024, marking an increase of 118.5%[27]. Expenses and Liabilities - Administrative and other operating expenses rose to HKD 47,618,000 from HKD 39,874,000, an increase of 19.4%[4]. - The financing costs increased slightly to HKD 5,082,000 from HKD 4,494,000, reflecting a rise of 13.0%[4]. - Total liabilities increased to HKD 368,941,000 in 2025 from HKD 312,804,000 in 2024, which is a rise of 17.9%[6]. - Trade payables increased to HKD 192,750,000 in 2025 from HKD 172,505,000 in 2024, representing an increase of 11.7%[33]. Assets and Investments - Non-current assets increased to HKD 44,889,000 in 2025 from HKD 43,637,000 in 2024, representing a growth of 2.9%[6]. - Current assets rose significantly to HKD 761,696,000 in 2025, up from HKD 605,616,000 in 2024, marking an increase of 25.7%[6]. - Cash and cash equivalents surged to HKD 80,672,000 in 2025, up from HKD 44,318,000 in 2024, indicating an increase of 82%[6]. - The company's net asset value improved to HKD 375,801,000 in 2025, up from HKD 272,320,000 in 2024, representing a growth of 37.9%[7]. - The equity attributable to owners of the company increased to HKD 357,197,000 in 2025 from HKD 253,900,000 in 2024, reflecting a growth of 40.7%[7]. Market and Growth Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[4]. - The company aims to enhance product performance and reduce electricity costs to promote healthy development in the photovoltaic industry[35]. - The company is focused on developing new electrochemical energy storage systems to address market challenges and improve resource flexibility[39]. - The company is committed to becoming a globally influential enterprise in the solar energy sector, aligning with carbon peak and carbon neutrality goals set for 2030 and 2060 respectively[39]. Research and Development - Research and development expenses increased to HKD 15,239 thousand in 2025 from HKD 11,669 thousand in 2024, representing a growth of 30.5%[25]. - The company is developing a digital and intelligent PV tracking control platform utilizing big data analysis and AI control technology to lower costs and increase power generation[36]. - The company has established a research group to enhance the wind resistance stability of flexible support structures, ensuring safety in large-span applications[37]. Corporate Governance and Compliance - The company has complied with all applicable corporate governance codes as per GEM listing rules, except for a deviation regarding the separation of roles between the chairman and the CEO[70][71]. - The board believes that having the same individual serve as both chairman and CEO provides strong and consistent leadership, despite the deviation from the governance code[71]. - The audit committee, consisting of three independent non-executive directors, has reviewed the audited annual results for the year ending March 31, 2025[76]. - The financial statements for the year ending March 31, 2025, have been agreed upon by the auditors, confirming the accuracy of the reported figures[77]. Employee and Shareholder Relations - The group had 162 employees as of March 31, 2025, an increase from 128 employees in 2024[51]. - The group offers competitive compensation packages and internal training programs to attract and retain talent in the renewable energy sector[51]. - The group has implemented a profit-sharing scheme that allows certain employees to benefit from the company's performance[52]. - The group maintains a good relationship with customers and suppliers, with no significant disputes regarding salary payments as of March 31, 2025[58]. Share Incentive Plan - The group adopted a share incentive plan on September 24, 2024, aimed at motivating and retaining qualified participants[62]. - The maximum number of shares that can be awarded under the share incentive plan is capped at 10% of the issued share capital as of the adoption date, equating to 122,700,000 shares[64]. - A total of 62,075,000 shares have been purchased in the market by the trustee under the share incentive plan since its adoption date until March 31, 2025[67]. Environmental Sustainability - The group emphasizes environmental sustainability by implementing green measures and promoting recycling and waste reduction principles[56].

Investment Rating - The report assigns a "Strong Buy" rating for the company with a target price of HKD 0.330, compared to the current price of HKD 0.138 [1][5]. Core Insights - The company, Tongjing New Energy, is a leading provider of photovoltaic tracking and fixed support systems in China, with a strong focus on integrated solutions for photovoltaic power plants [5][6]. - The company has experienced significant revenue growth due to the declining prices of upstream photovoltaic products, enhancing the economic viability of photovoltaic projects [11][24]. - The global transition towards clean energy and the demand for photovoltaic systems are expected to continue growing, providing a stable development space for the photovoltaic support industry [24][25]. - The company is also exploring new energy storage technologies, including innovative compressed air storage solutions, which are anticipated to synergize with its existing photovoltaic business [37][43]. Financial Data and Valuation - The company’s revenue is projected to grow from HKD 1,029.6 million in 2025 to HKD 1,214.3 million in 2026, representing year-on-year growth of 34.4% and 17.9% respectively [3][45]. - The net profit attributable to the parent company is expected to reach HKD 79.5 million in 2025 and remain stable in 2026, with a significant increase of 142.2% in 2025 [3][45]. - The company’s earnings per share are forecasted to be HKD 0.073 in 2025 and HKD 0.065 in 2026 [3][45]. Market Performance - The company’s stock price has shown a significant increase of 55.1% over the past 12 months, despite a decline of 8.0% in the last month [4]. - The company’s market capitalization is approximately HKD 1.69 billion [1]. Industry Overview - The photovoltaic support industry is expected to maintain growth, with the global photovoltaic market projected to add over 500 GW of new installations in 2024, a year-on-year increase of about 30% [24][26]. - The domestic photovoltaic market is anticipated to see new installations between 240-260 GW in 2025, influenced by favorable policies and declining component prices [24][25]. - The market for photovoltaic supports is projected to reach RMB 862 billion in 2024 and RMB 877 billion in 2025, with year-on-year growth rates of 18.5% and 1.8% respectively [25][29].

Financial Performance - Revenue increased by 15% year-over-year, driven by strong sales in the Asia-Pacific region [1]. - Net profit margin improved to 12%, up from 10% in the previous quarter [2]. - Operating expenses rose by 8%, primarily due to increased marketing and R&D investments [3]. Market Expansion - The company successfully entered two new markets in Europe, contributing to a 20% increase in international sales [4]. - A new distribution center was opened in South America to support regional growth [1]. - Strategic partnerships were formed with local retailers in Southeast Asia to enhance market penetration [2]. Product Development - Launched three new product lines, which accounted for 25% of total revenue in the last quarter [3]. - R&D investment increased by 10% to accelerate innovation and product differentiation [4]. - Customer feedback on the new products has been overwhelmingly positive, with a 90% satisfaction rate [1]. Operational Efficiency - Implemented a new supply chain management system, reducing delivery times by 15% [2]. - Automation of manufacturing processes led to a 5% reduction in production costs [3]. - Employee training programs were expanded, resulting in a 10% increase in productivity [4]. Sustainability Initiatives - Achieved a 30% reduction in carbon emissions through the adoption of renewable energy sources [1]. - Launched a company-wide recycling program, diverting 50% of waste from landfills [2]. - Committed to achieving net-zero emissions by 2030, with interim targets set for 2025 [3]. Corporate Governance - Appointed two new independent directors to the board, enhancing oversight and strategic guidance [4]. - Conducted a comprehensive review of corporate policies to ensure compliance with global standards [1]. - Increased transparency in financial reporting, with detailed disclosures on ESG metrics [2].

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 595,834,000, representing an increase of 118.5% compared to HKD 273,121,000 for the same period in 2023[5] - Gross profit for the same period was HKD 88,235,000, up from HKD 20,011,000, indicating a significant growth in profitability[5] - Profit before tax increased to HKD 64,869,000, compared to HKD 12,053,000 in the prior year, reflecting a growth of 438.5%[5] - Net profit for the period was HKD 55,798,000, a substantial increase from HKD 10,403,000, marking a growth of 436.5%[5] - Basic earnings per share rose to HKD 5.41, compared to HKD 0.98 for the same period last year, showing a significant improvement in shareholder value[5] - The total comprehensive income for the six months ended September 30, 2024, was HKD 62,940,000, compared to a loss of HKD 4,179,000 in the same period last year[22] - The net profit attributable to the company's owners was approximately HKD 55,061,000 for the six months ending September 30, 2024, compared to HKD 9,504,000 in 2023, driven by increased revenue and gross profit[75] Assets and Liabilities - Total assets as of September 30, 2024, amounted to HKD 1,167,056,000, compared to HKD 949,065,000 as of March 31, 2024[9] - Current assets increased to HKD 726,587,000 from HKD 605,616,000, indicating a growth of 19.9%[9] - The company's total equity increased to HKD 376,075,000 from HKD 272,320,000, representing a growth of 38.1%[16] - As of September 30, 2024, the total equity increased to HKD 376,075,000, up from HKD 255,910,000 as of March 31, 2023, representing a growth of approximately 47%[22] - The total amount of bank and other borrowings as of September 30, 2024, was HKD 97,808,000, slightly increasing from HKD 96,905,000 as of March 31, 2024[57] - The group's capital debt ratio was approximately 28% as of September 30, 2024, down from 37% on March 31, 2024, indicating improved financial stability[80] Cash Flow - The net cash generated from operating activities for the six months ended September 30, 2024, was HKD 30,617,000, compared to a net cash used of HKD 37,414,000 in the previous period[24] - The net cash generated from investing activities was HKD 46,519,000, a significant increase from HKD 10,809,000 in the prior period[24] - Financing activities generated net cash of HKD 38,522,000, compared to HKD 5,242,000 in the previous period, indicating a strong improvement in financing[24] - Cash and cash equivalents significantly rose to HKD 159,976,000 from HKD 44,318,000, reflecting a strong liquidity position[9] - The cash and cash equivalents at the end of the period increased to HKD 159,976,000 from HKD 33,254,000, showing a significant improvement in liquidity[24] Revenue Sources - Revenue from mainland China for the six months ended September 30, 2024, was HKD 595,834,000, a substantial increase from HKD 273,121,000 in the previous year, reflecting a growth of approximately 118%[33] - The renewable energy business segment generated revenue of HKD 595,834 thousand for the six months ended September 30, 2024, compared to HKD 273,121 thousand for the same period in 2023, representing a growth of 118%[43] - Major customers in the renewable energy segment contributed over 10% of total group revenue, with Customer 1 generating HKD 236,180 thousand in the current period[40] Expenses and Costs - The cost of construction materials and supplies amounted to HKD 316,653 thousand for the six months ended September 30, 2024, up from HKD 144,669 thousand in the previous year, reflecting a rise of 119%[45] - Administrative and other operating expenses totaled approximately HKD 29,482,000 for the six months ending September 30, 2024, an increase of about 103% from HKD 14,509,000 in 2023, mainly due to rising employee costs[72] Shareholder Information - The company issued new shares resulting in an increase in share capital by HKD 4,090,000 and share premium by HKD 36,810,000 during the period[22] - The company’s issued share capital as of September 30, 2024, was HKD 12,270,000,000, reflecting an increase due to the issuance of 409,000,000 shares following a rights issue[58] - The major shareholder, Zhenjie Limited, holds 739,375,515 shares, representing 60.26% of the total shares[95] - The company has received valid acceptances for 268,537,010 shares, accounting for approximately 32.8% of the issued share capital as of May 21, 2024[97] Corporate Governance - The group’s chairman and CEO roles are held by the same individual, which deviates from the corporate governance code but is believed to provide strong leadership[87] - The group believes its board consists of experienced and capable individuals, including three independent non-executive directors, and will continue to review its corporate governance structure[88] - The group has not established any foreign exchange contracts for hedging purposes as of the reporting date[81] Employee Information - As of September 30, 2024, the group has 168 employees, an increase from 128 employees as of March 31, 2024, reflecting a growth of approximately 31.25%[85] - The group provides competitive compensation packages to attract and retain talent, with regular reviews based on market conditions and individual performance[85] Future Plans and Developments - The company is focusing on developing floating photovoltaic support structures to meet market demand, utilizing materials that withstand complex environmental conditions[68] - The group aims to enhance product performance and reduce electricity costs while promoting healthy development in the photovoltaic industry[65] - The introduction of a multi-point linkage support system aims to improve safety and adaptability in complex terrains, enhancing the competitiveness of the group's products[66] - The company is committed to becoming a globally influential enterprise in the solar energy sector, focusing on creating intelligent photovoltaic power stations[69] Compliance and Regulations - The audit committee has reviewed the unaudited condensed consolidated financial statements and performance for the six months ending September 30, 2024, confirming compliance with applicable accounting standards[105] - The company has established a compliance code for directors regarding securities trading, confirming adherence as of September 30, 2024[104] Miscellaneous - The group has no significant investments, acquisitions, or disposals of subsidiaries or associated companies as of September 30, 2024[81] - There are no significant contingent liabilities reported as of September 30, 2024, consistent with the previous period ending March 31, 2024[82] - The group has no capital commitments as of September 30, 2024, unchanged from March 31, 2024[83] - The group has not engaged in any purchase, sale, or redemption of its listed securities as of September 30, 2024[91] - No share options have been granted under the share option scheme since its adoption on November 2, 2013[99] - As of September 30, 2024, there are no outstanding share options[100] - The company has adopted a share reward plan on September 24, 2024, allowing a maximum of 10% of the issued share capital for rewards[101] - No significant events have occurred after September 30, 2024, up to the date of this announcement[107] - The announcement will be available on the Hong Kong Stock Exchange website for at least seven days from the publication date[107] - The announcement will also be published on the company's website[107]

Financial Performance - For the fiscal year ending March 31, 2024, the company reported revenue of approximately HKD 766.1 million, an increase of about 11% compared to HKD 689 million in the same period of 2023[13]. - The profit attributable to the owners of the company for the same period was approximately HKD 32.8 million, representing a 19% increase from HKD 27.6 million in 2023[13]. - The cost of sales for the fiscal year was approximately HKD 669,599,000, up from HKD 616,789,000 in 2023[26]. - The total administrative and other operating expenses increased by approximately 36% to about HKD 39,874,000 from HKD 29,381,000 in the previous year[28]. - The net profit attributable to the company's owners for the fiscal year was approximately HKD 32,822,000, compared to HKD 27,633,000 in 2023[29]. - As of March 31, 2024, the total distributable reserves amounted to approximately HKD 54,890,000, down from HKD 59,389,000 in 2023, indicating a decrease of about 8.4%[79]. - Sales to the top five customers accounted for approximately 59% of total sales for the year, with the largest customer contributing about 18%[81]. - Purchases from the top five suppliers represented approximately 44% of total purchases, with the largest supplier accounting for about 18%[81]. Renewable Energy Business - The renewable energy business generated total revenue of approximately HKD 766.1 million, primarily from providing one-stop value-added solutions for photovoltaic power stations and sales of patented photovoltaic tracking support systems[19]. - The company has adjusted its renewable energy business into two main segments: providing one-stop value-added solutions (EPC, maintenance support, and testing) and selling patented photovoltaic tracking support systems[19]. - The renewable energy business segment has been a solid pillar for the company since its launch in Q4 2015, contributing positively to revenue growth[179]. - The company aims to allocate more resources to expand its renewable energy business as part of its globalization strategy[179]. - The company is focusing on developing floating photovoltaic brackets for offshore projects to meet market demand[24]. - The group has introduced a mountain-type gravity energy storage system to address issues related to distributed renewable energy reliability and flexibility[24]. - The company provides a one-stop value-added solution for PV power stations, including engineering, procurement, and construction (EPC) services, maintenance support, and operation[200]. - The company’s solar energy utilization is seen as a major contributor to global sustainable energy development[199]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to building green ecological intelligent photovoltaic power stations globally to maximize user benefits and service quality[15]. - The company emphasizes sustainable development and corporate social responsibility, balancing business growth with environmental and social considerations[180]. - The board of directors is responsible for overseeing the company's environmental, social, and governance (ESG) strategies and reporting, conducting annual risk assessments related to ESG[190]. - The company has set carbon reduction targets in response to national dual carbon goals and regularly reviews its performance against these targets[190]. - The ESG working group assists the board in implementing various ESG strategies and reports on key performance indicators[192]. - The company is committed to implementing more environmental measures and practices in its operations[45]. - The company’s operations have minimal adverse environmental impact, as the processing of solar brackets does not produce wastewater, exhaust, or other harmful substances[200]. - The importance matrix identifies key environmental, social, and governance issues, with product responsibility and supply chain management being top priorities[198]. Corporate Governance - The board of directors is responsible for the strategic development and management of the group's operations[51][52][54]. - The company has confirmed the independence of all non-executive directors in accordance with GEM listing rules[88]. - The company has complied with all applicable corporate governance code provisions, except for the separation of roles between the Chairman and CEO[116]. - The board meets at least four times a year, ensuring that all directors receive timely and sufficient information to perform their duties effectively[127]. - The company has established a compensation committee with three members, including Mr. Zhou Yuan (Chairman), Ms. Wang Xiaoxiong, and Mr. Shen Fuxin, all of whom are independent non-executive directors[136]. - The company has adopted internal guidelines that require board approval for significant operational projects and major investment decisions[124]. - The company has adopted a board diversity policy, which considers various factors including gender, age, and professional experience[141]. - The company has maintained sufficient public float as required by GEM listing rules throughout the year[112]. Risk Management - The board is responsible for overseeing the risk management and internal control systems, which are designed to manage risks rather than eliminate them[156]. - The company has established a risk register to document all identified significant risks, which is updated at least annually following a risk assessment[162]. - An independent professional consulting firm has been appointed to conduct an internal control review, confirming that the company's risk management and internal control systems are adequate and effective[161]. - The risk management framework is based on the "three lines of defense" model, involving operational management, financial oversight, and independent internal audit[166]. - The company will continue to engage external independent professionals to review its internal control and risk management systems annually[169]. - The company is committed to ensuring that risk management is integrated into daily business operations to align with corporate objectives[166]. Employee Relations - The company has maintained a workforce of 128 employees, ensuring competitive compensation and internal training programs[40]. - The group maintains good relationships with employees, customers, and suppliers, ensuring all accrued salaries are paid on time without significant disputes[48]. - The company ensures that all directors participate in ongoing professional development to update their knowledge and skills[150]. Shareholder Information - The company has adopted a dividend policy that allows for cash or stock dividends, subject to compliance with applicable laws and regulations[67]. - No final dividend is recommended for the year ending March 31, 2024, consistent with the previous year[68]. - The group’s annual financial performance indicators are detailed in the annual report under the "Five-Year Financial Summary" section[49]. - The company has not made significant changes to its organizational documents for the fiscal year ending March 31, 2024[176].

Financial Performance - For the fiscal year ending March 31, 2024, the company reported total revenue of HKD 766,108,000, an increase of 11.2% from HKD 688,965,000 in the previous year[5] - The gross profit for the same period was HKD 96,509,000, representing a 33.7% increase compared to HKD 72,176,000 in the prior year[5] - The net profit attributable to the owners of the company was HKD 32,822,000, up 18.3% from HKD 27,633,000 in the previous year[6] - The total comprehensive income for the year was HKD 17,504,000, significantly higher than HKD 6,571,000 in the previous year[6] - Basic and diluted earnings per share increased to HKD 4.01 from HKD 3.38, representing an 18.6% growth[6] - The net profit attributable to the company's owners for 2024 was HKD 32,822, compared to HKD 27,633 in 2023, reflecting a growth of 18.4%[31] - The renewable energy business recorded total revenue of approximately HKD 766,108,000 for the fiscal year ending March 31, 2024, an increase of about 11% compared to HKD 688,965,000 in the same period of 2023[41] Assets and Liabilities - Trade receivables increased to HKD 274,598,000 from HKD 184,696,000, marking a 48.7% rise[8] - Current assets totaled HKD 605,616,000, up from HKD 470,642,000, indicating a 28.6% increase[8] - The company's total liabilities increased to HKD 376,933,000 from HKD 260,173,000, reflecting a 44.9% rise[9] - The company's equity attributable to owners rose to HKD 253,900,000 from HKD 236,436,000, an increase of 7.4%[9] - Trade receivables increased to HKD 271,728 in 2024 from HKD 176,054 in 2023, with net trade receivables at HKD 252,334 after provisions[33] - Trade payables rose to HKD 180,429 in 2024 from HKD 121,522 in 2023, indicating increased operational activity[35] - The company's cash and cash equivalents amounted to approximately HKD 44,318,000 as of March 31, 2024, down from HKD 54,617,000 in 2023, while restricted/pledged bank deposits increased to HKD 48,959,000 from HKD 14,614,000[47] - The capital debt ratio as of March 31, 2024, was approximately 37%, up from about 30% in 2023[49] Revenue Sources - In 2024, the total revenue from major customers contributing over 10% to the group's revenue includes Customer A at HKD 138,792, Customer B at HKD 31,236, Customer C at HKD 88,566, Customer E at HKD 77,264, while Customer D did not contribute in 2024[24] - The total revenue for 2024 was HKD 766,108, an increase of 11.2% from HKD 688,965 in 2023, driven by sales of patented photovoltaic tracking systems which rose to HKD 547,741 from HKD 283,586[24] - Government subsidies received increased significantly to HKD 2,948 in 2024 from HKD 1,118 in 2023, supporting the renewable energy business in China[26] Expenses - Sales costs for the fiscal year ending March 31, 2024, were approximately HKD 669,599,000, up from approximately HKD 616,789,000 in 2023[42] - Administrative and other operating expenses increased by approximately 36% to about HKD 39,874,000 for the fiscal year ending March 31, 2024, compared to approximately HKD 29,381,000 in 2023[43] - Financing costs rose to HKD 4,494 in 2024, up from HKD 3,945 in 2023, primarily due to increased interest expenses on bank and other borrowings[27] - Research and development expenses increased to HKD 11,669 in 2024 from HKD 6,832 in 2023, highlighting a focus on innovation[28] Business Strategy and Operations - The company plans to continue expanding its renewable energy business in China, focusing on new product development and market penetration strategies[11] - The group operates a single reportable segment in renewable energy, providing integrated value-added solutions for photovoltaic power stations, selling patented photovoltaic tracking systems, and selling electricity[22] - All non-current assets of the group are located in China, and revenue from external customers is solely derived from operations in China[23] - The company has developed a digital and intelligent photovoltaic tracking control platform utilizing big data analysis, AI control technology, and wireless communication technology to reduce costs and enhance power generation[39] - The company is focusing on developing floating photovoltaic supports for offshore projects to meet market demand and address water resource consumption issues[41] - The company has introduced a multi-point linkage support system with upgraded core transmission technology to enhance product safety and adaptability to complex terrains[39] Corporate Governance and Compliance - The group has adopted new Hong Kong Financial Reporting Standards effective from April 1, 2023, including HKFRS 17 related to insurance contracts, which does not have a significant impact on the financial performance and disclosures[14] - The audit committee consists of three independent non-executive directors and has reviewed the group's audited annual performance for the year ending March 31, 2024[70] - The group has complied with all applicable corporate governance code provisions, except for the separation of the roles of Chairman and CEO[64][65] - The group will publish its 2024 annual report, which includes all information required by GEM listing rules, on its website and the HKEX news website[72] - The announcement confirms that the board of directors is responsible for the accuracy and completeness of the information provided[75] - The announcement will be available on the Hong Kong Stock Exchange website for at least seven days from the publication date[75] - The company has committed to ensuring that there are no misleading or fraudulent elements in the announcement[75] Employee and Compensation - As of March 31, 2024, the group had 128 employees, maintaining the same number as in 2023[54] - The group offers competitive compensation packages for its renewable energy business, which are regularly reviewed[54] - The group has implemented a profit-sharing plan that allows certain employees to benefit from it[54] - The group has no significant disputes regarding salary payments, and all accrued salaries were settled on or before the due dates specified in employment contracts[62] Financial Management - The group aims to balance financial sustainability and flexibility through bank borrowings, related party advances, and internally generated funds[58] - The group has no significant credit risk from major financial assets and liabilities, as it does not have any significant interest-bearing financial assets and liabilities at floating rates[56][57] - The group is committed to enhancing green measures and awareness in its operations, adhering to the principles of Reduce, Recycle, and Reuse[59] Investments and Future Plans - The company has no significant investments, acquisitions, or capital asset plans as of March 31, 2024[51]