香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 佈 的 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或 任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公司董事會欣然宣佈，於股東週年大會上提呈的所有決議案（「決議案」）均獲股 東以投票表決方式正式通過。 於股東週年大會日期，本公司已發行股份總數為137,520,190股每股面值0.1港元的 股份，即賦予持有人出席股東週年大會並投票贊成或反對大會上所提呈的所有決 議案的股份總數。概無任何股份賦予其持有人權利出席股東週年大會但須根據香 港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」）第17.47A條所載放棄 投 票 。 概 無 股 東 須 於 股 東 週 年 大 會 上 就 所 提 呈 的 任 何 決 議 案 在 投 票 中 有 任 何 限 制。概無股東於通函中表示其有意於股東週年大會上投票反對任何決議案或就此 放棄投票。 本公司的香港股份過戶登記分處寶德隆證券登記有限公司於股東週年大會上擔任 點票監察員。 執行董事方俊文先生，太 ...

[Chairman's Statement](index=6&type=section&id=Chairman's%20Statement) [Performance Overview and Outlook](index=6&type=section&id=Chairman's%20Statement) The Chairman's report highlights 19.2% revenue growth and a significant reduction in net loss to 0.8 million HKD for FY2025, driven by diesel sales and cost efficiencies, with an optimistic market outlook due to infrastructure investments Key Financial Performance | Indicator | FY2025 | FY2024 | YoY Change | | :--- | :--- | :--- | :--- | | **Revenue** | Approx. 345.8 million HKD | Approx. 290.0 million HKD | +19.2% | | **Net Loss** | Approx. 0.8 million HKD | Approx. 8.6 million HKD | -90.7% | - Key drivers for the reduction in net loss include increased diesel sales and transportation business, reversal of expected credit loss provisions for financial assets, reduced other losses, and lower finance costs[19](index=19&type=chunk) - The company maintains an optimistic market outlook, primarily due to stable public infrastructure investments in Hong Kong, such as railway network expansion and the airport's third runway project, which are expected to drive diesel demand[24](index=24&type=chunk) - As of March 31, 2025, the Group operates 8 diesel tank trucks, 1 marine diesel barge, 1 vessel, and 1 tugboat to support its business operations[20](index=20&type=chunk) [Management Discussion and Analysis](index=8&type=section&id=Management%20Discussion%20and%20Analysis) [Business and Industry Review](index=8&type=section&id=BUSINESS%20REVIEW) The Group's core business involves selling and transporting diesel and related products in Hong Kong, primarily to construction companies, with diesel sales accounting for 98.5% of FY2025 revenue, maintaining an optimistic market outlook due to stable economic growth and infrastructure investments - The Group's primary business is the sale and transportation of diesel, marine diesel, and lubricants in Hong Kong, mainly serving construction companies that require diesel for their engineering machinery operations[28](index=28&type=chunk) Revenue Contribution by Product Category | Product Category | FY2025 Revenue Contribution | FY2024 Revenue Contribution | | :--- | :--- | :--- | | Diesel | 98.5% | 98.2% | | Marine Diesel | 1.0% | 1.3% | | Lubricants | 0.5% | 0.5% | - Stable public infrastructure investments in Hong Kong, including railway expansion and the airport's third runway project, provide an optimistic outlook for the diesel and marine diesel sales market[35](index=35&type=chunk) [Financial Review](index=10&type=section&id=FINANCIAL%20REVIEW) In FY2025, the Group's revenue grew 19.2% to 345.8 million HKD, with gross profit increasing to 17.4 million HKD and net loss significantly narrowing to 0.8 million HKD, driven by revenue growth, expected credit loss reversals, and reduced finance costs Key Financial Performance Summary | Financial Indicator | FY2025 (million HKD) | FY2024 (million HKD) | YoY Change | | :--- | :--- | :--- | :--- | | **Revenue** | 345.8 | 290.0 | +19.2% | | **Cost of Sales** | 328.4 | 275.7 | +19.1% | | **Gross Profit** | 17.4 | 14.3 | +21.7% | | **Gross Profit Margin** | 5.0% | 4.9% | +0.1pp | | **Loss for the Year** | (0.8) | (8.6) | -90.7% | - Revenue growth is primarily attributed to increased demand and sales volume from construction and logistics clients[40](index=40&type=chunk) - Other income decreased from **5.5 million HKD** to **2.0 million HKD**, mainly due to reduced transportation service fees and diesel vehicle rental income[46](index=46&type=chunk) - The significant narrowing of net loss was primarily driven by increased diesel business sales and transportation, reversal of expected credit loss provisions for financial assets, reduced other losses, and lower finance costs[50](index=50&type=chunk) [Liquidity, Capital Resources and Risk Management](index=12&type=section&id=LIQUIDITY%20AND%20CAPITAL%20RESOURCES) As of March 31, 2025, the Group maintained a sound financial position with net current assets of 46.7 million HKD and a liquidity ratio of 2.0, while total interest-bearing borrowings significantly decreased, leading to a reduced gearing ratio of 16.0% Liquidity and Capital Resources Summary | Indicator | As of March 31, 2025 | As of March 31, 2024 | | :--- | :--- | :--- | | **Net Current Assets** | 46.7 million HKD | 43.8 million HKD | | **Current Ratio** | 2.0 | 1.6 | | **Interest-bearing Borrowings** | 14.6 million HKD | 37.2 million HKD | | **Gearing Ratio** | 16.0% | 40.6% | - Operating primarily in Hong Kong, the Group's foreign exchange risk mainly stems from lubricant distribution transactions settled in RMB, with no hedging activities undertaken during the reporting period[63](index=63&type=chunk) - During the reporting period, the Group made no significant investments, acquisitions, or disposals of subsidiaries, associates, or joint ventures[67](index=67&type=chunk) - The Directors do not recommend the payment of any dividend for the year ended March 31, 2025[70](index=70&type=chunk) [Use of Unutilised Proceeds from the Listing and Business Strategy Execution](index=15&type=section&id=USE%20OF%20UNUTILISED%20PROCEEDS%20FROM%20THE%20LISTING) The Group disclosed the use of net proceeds from its 2017 listing, with 5.3 million HKD of the 45.1 million HKD net proceeds remaining unutilized as of March 31, 2025, primarily for diesel tank truck purchases and IT system upgrades, expected to be fully utilized by March 31, 2026 Utilization of Listing Proceeds | Purpose | Planned Use (million HKD) | Utilized (million HKD) | Unutilized (million HKD) | Expected Utilization Time | | :--- | :--- | :--- | :--- | :--- | | Purchase of Diesel Tank Trucks | 7.8 | 5.0 | 2.8 | Before March 31, 2026 | | Enhancement of IT and Systems | 3.6 | 1.1 | 2.5 | Before March 31, 2026 | | **Total** | **45.1** | **39.8** | **5.3** | | - Due to recent economic conditions in Hong Kong, the Directors believe it is not an opportune time for business expansion, thus some net listing proceeds were not fully utilized in FY2025 but are planned for use by March 31, 2026[89](index=89&type=chunk) - Regarding business strategy execution, marine fuel supply operations became fully operational in 2018, while some diesel tank truck purchases and staff recruitment plans are expected to be completed by March 2026[79](index=79&type=chunk)[81](index=81&type=chunk)[83](index=83&type=chunk) [Employees and Remuneration Policies](index=20&type=section&id=EMPLOYEES%20AND%20REMUNERATION%20POLICIES) As of March 31, 2025, the Group had 26 employees with total staff costs of approximately 12.1 million HKD, and its remuneration policy is designed to attract and retain talent based on qualifications, position, performance, and market levels Employee Statistics and Costs | Indicator | As of March 31, 2025 | As of March 31, 2024 | | :--- | :--- | :--- | | **Total Number of Employees** | 26 people | 28 people | | **Total Staff Costs** | Approx. 12.1 million HKD | Approx. 11.0 million HKD | - The Directors' remuneration policy aims to provide market-competitive compensation, reviewed annually based on factors such as comparable companies, company performance, and individual qualifications[93](index=93&type=chunk)[94](index=94&type=chunk) [Corporate Governance Report](index=21&type=section&id=Corporate%20Governance%20Report) [Corporate Governance Practices](index=21&type=section&id=CORPORATE%20GOVERNANCE%20PRACTICE) The Group is committed to high corporate governance standards, complying with GEM Listing Rules, maintaining an effective board with independent committees, providing continuous professional development for directors, and ensuring robust risk management and internal control systems - The company confirms compliance with all applicable code provisions of Appendix C1, Corporate Governance Code, under the GEM Listing Rules[107](index=107&type=chunk) - The Board of Directors comprises 3 executive directors and 3 independent non-executive directors, meeting listing rule requirements, with one independent non-executive director possessing professional accounting qualifications[116](index=116&type=chunk) - The Board has established Audit, Remuneration, and Nomination Committees, all chaired by independent non-executive directors to ensure independence and effective oversight[151](index=151&type=chunk)[158](index=158&type=chunk)[168](index=168&type=chunk) - The Group engaged external independent professionals for an annual review of its internal control system, implementing remedial measures for identified deficiencies such as accounts receivable credit management and asset acquisition processes[231](index=231&type=chunk)[232](index=232&type=chunk)[234](index=234&type=chunk) - The company adopted a Board Diversity Policy, with approximately **17% female representation** on the Board as of March 31, 2025, and plans to maintain this level[188](index=188&type=chunk)[191](index=191&type=chunk) [Environmental, Social and Governance (ESG) Report](index=40&type=section&id=Environmental%2C%20Social%20and%20Governance%20Report) [Environmental Performance](index=49&type=section&id=A.%20ENVIRONMENTAL) The Group is committed to environmental protection, focusing on fleet emissions, achieving significant reductions in air pollutants and GHG emissions in FY2025, and setting targets for further reductions in intensity and waste density through energy-saving and paperless initiatives Environmental Emissions Summary | Emission Category | FY2025 | FY2024 | YoY Change | | :--- | :--- | :--- | :--- | | **Total Air Pollutant Emissions (kg)** | 4,102.74 | 5,811.51 | -29.40% | | **Total Greenhouse Gas Emissions (tonnes)** | 595.20 | 831.41 | -28.41% | - The Group has set emission reduction targets to decrease air pollutant emissions and annual greenhouse gas emission intensity per unit of output by **3%**[295](index=295&type=chunk) - In FY2025, the Group generated **628.00 kg** of non-hazardous waste, primarily waste paper, which increased year-on-year, with a target to reduce waste density per employee by **3%** in the coming year[300](index=300&type=chunk)[301](index=301&type=chunk) - The Group's business activities do not involve significant water consumption or hazardous waste generation, and there were no material non-compliances with environmental laws and regulations during the reporting period[297](index=297&type=chunk)[304](index=304&type=chunk)[312](index=312&type=chunk) [Social Responsibility](index=56&type=section&id=B.%20SOCIAL) The Group prioritizes employee well-being and social responsibility, ensuring equal employment opportunities, strict labor standards, a safe working environment with no work-related fatalities, providing training, maintaining strong supplier relationships, and implementing robust anti-corruption policies - As of March 31, 2025, the Group employed **26 staff members** and is committed to providing equal opportunities in recruitment, promotion, and remuneration benefits[333](index=333&type=chunk) - During the reporting period, the Group reported no serious work-related injuries or fatalities, with **0 lost days** due to work-related injuries[353](index=353&type=chunk) - The Group strictly prohibits child and forced labor and confirms compliance with relevant laws and regulations during the reporting period[366](index=366&type=chunk)[368](index=368&type=chunk) - The Group collaborates with **23 qualified petroleum suppliers**, including 4 major suppliers: Mobil, Caltex, Sinopec, and SHELL[370](index=370&type=chunk) - The Group has an anti-corruption policy and whistle-blowing mechanism, with no concluded legal cases concerning corruption against the Group or its employees during the reporting period[386](index=386&type=chunk)[387](index=387&type=chunk) [Report of the Board of Directors](index=76&type=section&id=Report%20of%20the%20Board%20of%20Directors) [Directors' and Controlling Shareholders' Interests](index=81&type=section&id=DIRECTORS'%20AND%20CONTROLLING%20SHAREHOLDERS'%20INTERESTS) This section details the interests of directors and major shareholders in the company's shares, confirming Mr. Fong Chun Man as the controlling shareholder with 50.1% through Grand Tycoon Limited, and compliance with non-competition undertakings Directors' and Controlling Shareholders' Interests | Shareholder Name | Capacity/Nature of Interest | Number of Shares Held | Percentage of Shareholding | | :--- | :--- | :--- | :--- | | **Mr. Fong Chun Man** | Interest in controlled corporation | 68,897,616 (Long Position) | 50.1% | | **Ms. Lo Pui Yee** | Spouse's interest | 68,897,616 (Long Position) | 50.1% | | **Grand Tycoon Limited** | Beneficial owner | 68,897,616 (Long Position) | 50.1% | - The controlling shareholders (Mr. Fong Chun Man and Grand Tycoon Limited) confirmed compliance with all undertakings under the non-competition deed during the reporting period[462](index=462&type=chunk) - The company adopted a share option scheme in 2017, but as of March 31, 2025, no share options were granted, exercised, or remained outstanding[479](index=479&type=chunk)[480](index=480&type=chunk) [Major Customers and Suppliers](index=87&type=section&id=MAJOR%20CUSTOMERS%20AND%20SUPPLIERS) In FY2025, the Group experienced high customer and supplier concentration, with the largest customer accounting for 17.6% of total revenue and the largest supplier for 33.4% of total purchases, with no interests from directors or major shareholders in these entities Customer and Supplier Concentration | Concentration Indicator | FY2025 | FY2024 | | :--- | :--- | :--- | | **Revenue from Largest Customer** | 17.6% | 9.8% | | **Revenue from Top Five Customers** | 48.2% | 40.2% | | **Purchases from Largest Supplier** | 33.4% | 23.9% | | **Purchases from Top Five Suppliers** | 84.8% | 70.6% | [Independent Auditors' Report](index=96&type=section&id=INDEPENDENT%20AUDITORS'%20REPORT) [Audit Opinion and Key Audit Matters](index=96&type=section&id=INDEPENDENT%20AUDITORS'%20REPORT) Independent auditor UHY CPA Limited issued an unmodified opinion on the Group's FY2025 consolidated financial statements, with the key audit matter identified as 'Impairment Assessment of Trade Receivables' due to management's subjective judgment, which the auditor found sufficiently supported - The auditor concluded that the consolidated financial statements present a true and fair view of the Group's consolidated financial position as of March 31, 2025, and its consolidated financial performance and cash flows for the year then ended, issuing an unmodified opinion[573](index=573&type=chunk) - The key audit matter identified is 'Impairment Assessment of Trade Receivables', which amounted to approximately **77.76 million HKD** with an expected credit loss provision of approximately **16.03 million HKD** as of March 31, 2025, involving significant management judgment on factors like aging and customer creditworthiness[580](index=580&type=chunk)[581](index=581&type=chunk) - For the key audit matter, the auditor performed procedures including understanding key controls, sampling aging analysis, inquiring about overdue balances, and evaluating the Expected Credit Loss (ECL) provision methodology, concluding that management's judgments were supported by evidence[583](index=583&type=chunk)[585](index=585&type=chunk)[586](index=586&type=chunk) [Consolidated Financial Statements](index=105&type=section&id=Consolidated%20Financial%20Statements) [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=105&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) In FY2025, the Group's revenue reached 345.8 million HKD, with gross profit of 17.37 million HKD and a 5.0% gross profit margin, significantly narrowing the loss for the year to 0.825 million HKD from 8.648 million HKD in the prior year Consolidated Statement of Profit or Loss and Other Comprehensive Income Summary | Item (thousand HKD) | FY2025 | FY2024 | | :--- | :--- | :--- | | **Revenue** | 345,788 | 289,980 | | **Gross Profit** | 17,371 | 14,275 | | **Operating Profit/(Loss)** | 465 | (7,635) | | **Loss for the Year** | (825) | (8,648) | | **Total Comprehensive Loss** | (1,027) | (9,557) | | **Loss Per Share (HK cents)** | (0.60) | (6.29) | [Consolidated Statement of Financial Position](index=107&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of March 31, 2025, the Group's total assets were 137.16 million HKD, total liabilities 46.49 million HKD, and net assets 90.67 million HKD, with a notable decrease in trade receivables and a significant reduction in bank and other borrowings Consolidated Statement of Financial Position Summary | Item (thousand HKD) | As of March 31, 2025 | As of March 31, 2024 | | :--- | :--- | :--- | | **Non-current Assets** | 44,819 | 48,882 | | **Current Assets** | 92,337 | 114,941 | | **Total Assets** | **137,156** | **163,823** | | **Current Liabilities** | 45,642 | 71,101 | | **Non-current Liabilities** | 844 | 1,025 | | **Total Liabilities** | **46,486** | **72,126** | | **Net Assets** | **90,670** | **91,697** | | **Total Equity** | **90,670** | **91,697** | [Consolidated Statement of Cash Flows](index=110&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) In FY2025, the Group generated a net cash inflow of 21.78 million HKD from operating activities, a significant improvement from the prior year's outflow, while investment activities resulted in a 0.395 million HKD net outflow and financing activities a 24.23 million HKD net outflow Consolidated Statement of Cash Flows Summary | Item (thousand HKD) | FY2025 | FY2024 | | :--- | :--- | :--- | | **Net Cash From/(Used In) Operating Activities** | 21,778 | (7,608) | | **Net Cash (Used In)/From Investing Activities** | (395) | 49 | | **Net Cash Used In Financing Activities** | (24,228) | (10,546) | | **Net Decrease in Cash and Cash Equivalents** | (2,845) | (18,105) | | **Cash and Cash Equivalents at Beginning of Year** | 10,452 | 28,557 | | **Cash and Cash Equivalents at End of Year** | 7,607 | 10,452 | [Five-Year Financial Summary](index=205&type=section&id=Financial%20Summary) This five-year financial summary highlights the Group's key performance and financial position from FY2021 to FY2025, showing fluctuating revenue, a return to profitability in FY2021 followed by four years of losses (significantly narrowed in FY2025), and resilient net assets Five-Year Performance Summary | Performance (thousand HKD) | 2021 | 2022 | 2023 | 2024 | 2025 | | :--- | :--- | :--- | :--- | :--- | :--- | | **Revenue** | 357,753 | 357,471 | 429,940 | 289,980 | 345,788 | | **Profit/(Loss) for the Year** | 5,459 | (31,887) | (4,837) | (8,648) | (825) | Five-Year Assets and Liabilities Summary | Assets and Liabilities (thousand HKD) | 2021 | 2022 | 2023 | 2024 | 2025 | | :--- | :--- | :--- | :--- | :--- | :--- | | **Total Assets** | 214,622 | 181,133 | 184,668 | 163,823 | 137,156 | | **Total Liabilities** | 82,584 | 85,763 | 83,414 | 72,126 | 46,486 | | **Net Assets** | 132,038 | 95,370 | 101,254 | 91,697 | 90,670 |

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）對 本 公 佈 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 佈 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 F8 ENTERPRISES (HOLDINGS) GROUP LIMITED （於開曼群島註冊成立的有限公司） （股份代號：8347） 截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度 年 度 業 績 公 佈 聯 交 所GEM之 特 色 F 8 企 業（控股）集團有限公司 GEM的 定 位 乃 為 相 比 起 聯 交 所 上 市 的 其 他 公 司 帶 有 更 高 投 資 風 險 的 中 小型公司提供上市的市場。有意投資者應了解投資於此類公司的潛在風險， 並 應 經 審 慎 周 詳 考 慮 後 方 作 出 投 資 決 定。 由 於 在GEM上 市 的 公 司 一 般 為 中 小 型 公 司， ...

Company Overview - F8 Enterprises (08347.HK) is listed on the Hong Kong Stock Exchange and focuses on the transportation and sales of diesel and related products in Hong Kong and mainland China [3] - The company provides industrial diesel for construction projects and marine diesel for ships, along with lubricants for engineering machinery and vehicles [3] - F8 Enterprises has a well-equipped fleet of diesel tankers and maintains strong long-term relationships with major customers and suppliers, positioning itself as a leading integrated diesel supplier in Hong Kong's engineering sector [3] Financial Performance - As of September 30, 2024, F8 Enterprises reported total revenue of 166 million HKD, representing a year-on-year growth of 36.26% [2] - The net profit attributable to shareholders was 1.71 million HKD, showing a significant increase of 178.48% year-on-year [2] - The company's gross margin stands at 5.42%, with a debt-to-asset ratio of 42.13% [2] Stock Performance - Over the past month, F8 Enterprises has seen a cumulative increase of 7.78%, and a year-to-date increase of 29.33%, outperforming the Hang Seng Index by 16.38% [2] - The stock closed at 0.106 HKD per share on May 19, with a trading volume of 56,000 shares and a turnover of 6,104 HKD, reflecting a price fluctuation of 3.09% [1] Industry Valuation - The average price-to-earnings (P/E) ratio for the oil and gas industry is -6.51 times, with a median of 4.1 times [3] - F8 Enterprises has a P/E ratio of -3.08 times, ranking 38th in the industry [3] - Comparatively, other companies in the sector have P/E ratios ranging from 0.84 times to 5.16 times [3]

财务数据显示，截至2024年9月30日，F8企业实现营业总收入1.66亿元，同比增长36.26%；归母净利润 170.98万元，同比增长178.48%；毛利率5.42%，资产负债率42.13%。 4月16日，截至港股收盘，恒生指数下跌1.91%，报21056.98点。F8企业（08347.HK）收报0.09港元/ 股，上涨7.14%，成交量1.6万股，成交额1400港元，振幅7.14%。 最近一个月来，F8企业累计跌幅25%，今年来累计涨幅12%，跑赢恒生指数7.01%的涨幅。 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，石油及天然气行业市盈率（TTM）平均值为-9.25倍，行业中值2.35倍。F8企业市盈 率-2.66倍，行业排名第40位；其他珠江钢管（01938.HK）为0.85倍、CGII HLDGS（01940.HK）为3.85 倍、中信资源（01205.HK）为4.87倍、交运燃气（01407.HK）为5.09倍、中国海洋石油（00883.HK） 为5.3倍。 （以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 来源：金融界 资料显示，F8企业( ...

Revenue and Profit Performance - Revenue for the six months ended 30 September 2024 was HK$183.9 million, an increase of HK$48.9 million or 36.2% compared to the same period in 2023[31] - Net profit for the six months ended 30 September 2024 was HK$1.9 million, compared to a net loss of HK$2.4 million in the same period in 2023[31] - Revenue for the six months ended 30 September 2024 increased by 36.2% to HK$183.9 million, compared to HK$134.9 million in the same period in 2023[33][36] - Net profit for the six months ended 30 September 2024 was HK$1.9 million, a significant improvement from a net loss of HK$2.4 million in the same period in 2023[33][36] - Gross profit for the six months ended 30 September 2024 was HK$9.975 million, up from HK$7.731 million in the same period in 2023[36] - Profit from operations for the six months ended 30 September 2024 was HK$2.559 million, compared to a loss of HK$2.190 million in the same period in 2023[36] - Total comprehensive income for the six months ended 30 September 2024 was HK$1.896 million, compared to a loss of HK$2.416 million in the same period in 2023[36] - Basic and diluted earnings per share for the six months ended 30 September 2024 were HK$0.0138, compared to a loss per share of HK$0.0176 in the same period in 2023[36] - Revenue from diesel oil and related products sales in Hong Kong reached HK$183.928 million for the six months ended 30 September 2024, compared to HK$134.981 million in the same period in 2023[61][68] - The Group's total revenue from external customers in Hong Kong was HK$183.928 million for the six months ended 30 September 2024, up from HK$134.981 million in the same period in 2023[68] Expenses and Costs - The profit increase was mainly due to higher diesel oil sales, increased other gains, and decreased operating expenses[32] - Administrative expenses decreased to HK$7.623 million for the six months ended 30 September 2024, compared to HK$7.296 million in the same period in 2023[36] - Other operating expenses decreased to HK$2.821 million for the six months ended 30 September 2024, compared to HK$5.009 million in the same period in 2023[36] - Cost of inventories recognized as expenses was HK$170.520 million for the six months ended 30 September 2024, compared to HK$123.148 million in the same period in 2023[82] - Salaries and other benefits for staff increased to HK$3.817 million for the six months ended 30 September 2024, up from HK$3.288 million in the same period in 2023[82] - Directors' emoluments for the six months ended 30 September 2024 were HK$1.645 million, compared to HK$1.514 million in the same period in 2023[82] Cash Flow and Financial Position - Net cash generated from operating activities for the six months ended 30 September 2024 was HK$19,301 thousand, compared to a net cash used of HK$8,661 thousand in the same period in 2023[48] - Net cash used in financing activities for the six months ended 30 September 2024 was HK$13,289 thousand, slightly higher than the HK$11,927 thousand used in the same period in 2023[48] - Cash and cash equivalents at the end of the period increased to HK$16,464 thousand from HK$7,969 thousand at the end of the same period in 2023[48] - Net assets as at 30 September 2024 increased to HK$93.593 million, compared to HK$91.697 million as at 31 March 2024[39][42] Dividends and Tax - The Board does not recommend paying any dividend for the six months ended 30 September 2024[32] - No Hong Kong Profits Tax provision was made for the six months ended 30 September 2023 and 2024 due to no assessable profits or taxable profits being absorbed by estimated tax losses[86] - The Board did not recommend any dividend payment for the six months ended 30 September 2024 (2023: Nil)[86] Borrowings and Financial Instruments - Secured bank borrowings decreased to HK$17,949,000 as of 30 September 2024 from HK$26,840,000 as of 31 March 2024[122] - Secured other borrowings decreased to HK$6,909,000 as of 30 September 2024 from HK$10,350,000 as of 31 March 2024[122] - Invoice discounting facilities decreased to HK$3,582,000 as of 30 September 2024 from HK$10,506,000 as of 31 March 2024, with an effective interest rate ranging from 6.18% to 6.85% per annum[122] - Term loan decreased to HK$5,938,000 as of 30 September 2024 from HK$7,125,000 as of 31 March 2024, with an effective interest rate of 5.98% per annum[122] - Another term loan decreased to HK$8,429,000 as of 30 September 2024 from HK$8,645,000 as of 31 March 2024, with an interest rate of 3.63% per annum[122] - Installment loan decreased to HK$3,386,000 as of 30 September 2024 from HK$4,594,000 as of 31 March 2024, with an effective interest rate of 7.38% per annum[136] - Installment loans decreased to HK$3,523,000 as of 30 September 2024 from HK$5,756,000 as of 31 March 2024, with an effective interest rate of 7.38% per annum[137] - The fair value of financial assets and liabilities is determined using a hierarchy of Level 1, Level 2, and Level 3 measurements based on observable and unobservable inputs[143] - The fair value of the Group's financial assets as of 30 September 2024 was HK$5,449 thousand, classified as Level 2 in the fair value hierarchy[175][176] - The carrying amounts of the Group's financial assets and liabilities at amortized cost were not materially different from their fair values as of 30 September 2024 and 31 March 2024[183] Trade Receivables and Payables - Trade receivables as of 30 September 2024 were HK$94,854 thousand, with an allowance for expected credit loss of HK$18,764 thousand, resulting in net trade receivables of HK$76,090 thousand[105] - The ageing analysis of trade receivables showed HK$2,718 thousand within 30 days, HK$34,737 thousand for 31 to 60 days, and HK$20,693 thousand over 150 days as of 30 September 2024[107] - The Group's average credit term with customers ranges from 3 to 150 days, with strict control over outstanding receivables and regular reviews by senior management[107] - The Group's trade receivables are measured at an amount equal to lifetime expected credit losses (ECL), calculated using a provision matrix, with no significant differentiation between customer segments based on historical credit loss experience[112] - Trade payables as of 30 September 2024 amounted to HK$27.58 million, with an average credit term from suppliers of up to 3 to 90 days[117] - An aging analysis of trade payables shows that HK$6.15 million is due within 30 days, HK$8.01 million within 31 to 60 days, HK$4.95 million within 61 to 90 days, and HK$8.47 million over 90 days[118] Other Financial Information - Other gains and losses increased to HK$3.028 million for the six months ended 30 September 2024, compared to HK$2.384 million in the same period in 2023[36] - Interest income for the six months ended 30 September 2024 was HK$30 thousand, compared to HK$26 thousand in the same period in 2023[76] - Shipping fee income for the six months ended 30 September 2024 was HK$996 thousand[76] - Interest expenses on bank and other borrowings increased to HK$772 thousand for the six months ended 30 September 2024, up from HK$523 thousand in the same period in 2023[78] - No addition or disposal of property, plant, and equipment occurred during the reporting period (2023: Nil)[96] - The fair value of the Group's investment property as of 30 September 2024 was HK$14,600 thousand, determined by the Directors based on recent market prices[98] - The Group has a total insured sum of approximately $3.15 million (equivalent to HK$24.57 million) for key management personnel life insurance policies, with a guaranteed interest rate ranging from 4.10% to 4.25% per annum for the first five years[114][115] - Pledged assets as of 30 September 2024 included HK$4,564 thousand in key management personnel life insurance policies, HK$14,600 thousand in investment property, and HK$6,122 thousand in pledged bank deposits[188] - The total value of pledged assets decreased from HK$36,284 thousand as of 31 March 2024 to HK$35,190 thousand as of 30 September 2024[188] - Rental expenses with connected party Jet Good Limited decreased from HK$577 thousand in 2023 to HK$180 thousand in 2024[191] - Deposits with connected party Jet Good Limited remained unchanged at HK$444 thousand as of both 30 September 2024 and 31 March 2024[195] - An executive director provided personal guarantees and life insurance policies with an insured sum of US$2,600,000 as security for the Group's loan facilities[195] Company Structure and Reporting - The company's subsidiaries are primarily engaged in the sale and transportation of diesel oil and related products in Hong Kong[52] - The unaudited condensed consolidated financial statements are presented in Hong Kong dollars (HK$), with all values rounded to the nearest thousands (HK$'000)[52] - The company was incorporated in the Cayman Islands on 30 March 2016 and its shares are listed on GEM of the Stock Exchange of Hong Kong Limited[51] - The company's immediate and ultimate holding company is Grand Tycoon Limited, controlled by Mr. Fong Chun Man, a Director of the Company[51] - The unaudited condensed consolidated interim financial statements were prepared in accordance with Hong Kong Accounting Standard (HKAS) 34 "Interim Financial Reporting"[53] - The accounting policies adopted are consistent with those applied in the Group's audited annual financial statements for the year ended 31 March 2024[56] - The unaudited condensed consolidated financial statements were prepared under the historical cost basis, except for certain property and financial instruments measured at fair values at the end of the reporting period[56] - Ordinary shares issued and fully paid remained at 137,520,190 as of 30 September 2024, with a share capital of HK$13,752,000[130] Customer and Revenue Concentration - Customer B contributed HK$31.347 million, representing over 10% of the Group's total revenue for the six months ended 30 September 2024[70]

Financial Performance - F8 Enterprises (Holdings) Group Limited announced its unaudited interim results for the six months ended September 30, 2024[1]. - The Group recorded a revenue of approximately HK$183.9 million for the six months ended 30 September 2024, representing an increase of approximately HK$48.9 million or 36.2% compared to the same period in 2023[33]. - The Group achieved a net profit of approximately HK$1.9 million for the six months ended 30 September 2024, a turnaround from a net loss of approximately HK$2.4 million for the same period in 2023[34]. - The increase in profit was primarily due to higher sales of diesel oil, increased other gains and losses, and a decrease in other operating expenses compared to the previous year[34]. - Gross profit for the six months ended 30 September 2024 was HK$9.975 million, compared to HK$7.731 million for the same period in 2023[38]. - The profit from operations for the six months ended 30 September 2024 was HK$2.559 million, compared to a loss of HK$2.190 million in the previous year[38]. - The basic and diluted earnings per share attributable to owners of the Company for the period was 1.38 HK cents, compared to a loss of 1.76 HK cents in the previous year[38]. - The Group's total comprehensive income for the period was HK$1.896 million, compared to a loss of HK$2.416 million for the same period in 2023[38]. - Profit before taxation for the period was HK$1,896,000, a significant improvement from a loss of HK$2,416,000 in the previous year[93]. Revenue Breakdown - For the six months ended September 30, 2024, the total revenue was HK$183,928,000, representing an increase of 36.2% compared to HK$134,981,000 for the same period in 2023[63]. - Revenue from diesel oil sales was HK$180,392,000, which accounted for the majority of total revenue, showing a significant increase from HK$132,276,000 in the previous year[63]. - The Group's sales of marine diesel oil amounted to HK$2,849,000, an increase from HK$2,094,000 in the previous year[63]. - Lubricant oil sales contributed HK$687,000, up from HK$611,000 in the same period last year[63]. - Revenue from Customer B was HK$31,347,000 for the six months ended 30 September 2024, while Customer A's revenue was HK$15,371,000 for the same period[72]. Expenses and Costs - Administrative expenses for the period were HK$7.623 million, compared to HK$7.296 million for the same period in 2023[38]. - Interest expenses on bank and other borrowings increased to HK$772,000 in 2024 from HK$523,000 in 2023[80]. - Total expenses related to short-term leases decreased to HK$214,000 in 2024 from HK$728,000 in 2023[84]. - The Group's financing costs totaled HK$957,000 for the six months ended September 30, 2024, compared to HK$915,000 in 2023[80]. Assets and Liabilities - As of September 30, 2024, total assets less current liabilities amounted to HK$94,618,000, an increase from HK$92,722,000 as of March 31, 2024, reflecting a growth of approximately 2.04%[41]. - Net current assets increased to HK$46,398,000 from HK$43,840,000, representing a growth of about 5.83%[41]. - The company's net assets increased to HK$93,593,000 as of September 30, 2024, from HK$91,697,000, marking a growth of approximately 2.07%[41]. - Total equity rose to HK$93,593,000 from HK$91,697,000, reflecting an increase of about 2.07%[41]. - Trade receivables decreased to HK$76,090,000 from HK$84,211,000, a decline of about 9.66%[41]. - Trade payables amounted to HK$27,581,000, a decrease from HK$29,411,000 as of March 31, 2024, representing a reduction of approximately 6.2%[119]. Cash Flow - The company reported a net cash generated from operating activities of HK$19,301,000 for the six months ended September 30, 2024, compared to a net cash used of HK$8,661,000 in the same period of 2023[50]. - Cash and cash equivalents at the end of the period were HK$16,464,000, up from HK$7,969,000 in the previous year, indicating a significant increase of approximately 106.4%[50]. - The company’s cash and cash equivalents at the beginning of the period were HK$10,452,000, down from HK$28,557,000 in the previous year, indicating a decrease of about 63.4%[50]. - The company reported a net cash used in financing activities of HK$13,289,000 for the six months ended September 30, 2024, compared to HK$11,927,000 in the same period of 2023[50]. Dividends - The Board does not recommend the payment of any dividend for the six months ended September 30, 2024[34]. - No dividends were recommended for the six months ended September 30, 2024, consistent with the previous year[88]. Compliance and Reporting - The company is compliant with the GEM Listing Rules and has confirmed the accuracy and completeness of the information provided in the report[2]. - The interim report will be available on the Hong Kong Stock Exchange and the company's website for shareholders to review[3]. - The unaudited condensed consolidated financial statements have been reviewed by the audit committee of the Company[59]. - The Group has applied all new amendments to HKFRSs that are effective for the accounting period beginning on or after April 1, 2024, with no material impact on the financial statements[59]. - The accounting policies adopted are consistent with those applied in the Group's audited annual financial statements for the year ended March 31, 2024[58]. Insurance and Guarantees - The total insured sum under key management personnel life insurance policies is approximately US$3,150,000 (equivalent to HK$24,570,000) as of 31 March 2024[116]. - The total insurance premium paid at the inception of the life insurance policy was approximately US$768,000 (equivalent to approximately HK$5,990,000) as of 31 March 2024[116]. - The guaranteed interest rate for the first five years of the life insurance contracts ranges from 4.10% to 4.25% per annum[116]. - Mr. Fong Chun Man, an executive director, provides personal guarantees and life insurance policies totaling US$2,600,000 as securities for loan facilities granted to the Group[197].

CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed on GEM are generally small ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）對 本 公 佈 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 佈 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 F8 ENTERPRISES (HOLDINGS) GROUP LIMITED F 8 企 業（控股）集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8347） 截 至 二 零 二 四 年 三 月 三 十 一 日 止 年 度 年 度 業 績 公 佈 聯 交 所GEM之 特 色 GEM的 定 位 乃 為 相 比 起 聯 交 所 上 市 的 其 他 公 司 帶 有 更 高 投 資 風 險 的 中 小型公司提供上市的市場。有意投資者應了解投資於此類公司的潛在風險， 並 應 經 審 慎 周 詳 考 慮 後 方 作 出 投 資 決 定。 由 於 在GEM上 市 的 公 司 一 般 為 中 小 型 公 司， ...

Financial Performance - The Group recorded a revenue of approximately HK$135.0 million for the six months ended 30 September 2023, representing a decrease of approximately HK$110.5 million or 45.0% compared to the same period in 2022[15]. - The Group reported a net loss of approximately HK$2.4 million for the six months ended 30 September 2023, compared to a net profit of approximately HK$3.8 million for the same period in 2022[15]. - The loss for the six months ended 30 September 2023 was mainly due to a decrease in the Group's sale of diesel oil and a decrease in other gains and losses compared to the same period in 2022[16]. - The Group's performance was significantly impacted by the decline in diesel sales during the reporting period[17]. - The Group's total comprehensive income for the six months ended 30 September 2023 reflects the challenges faced in the market environment[15]. - Revenue for the six months ended September 30, 2023, was HK$134,981,000, a decrease of 45% compared to HK$245,468,000 for the same period in 2022[20]. - Gross profit for the six months ended September 30, 2023, was HK$7,731,000, down 30.9% from HK$11,030,000 in the previous year[20]. - Loss for the period was HK$2,416,000, compared to a profit of HK$3,795,000 for the same period in 2022[20]. - Total comprehensive loss for the period was HK$2,416,000, reflecting a significant decline from a total comprehensive income of HK$3,795,000 in the prior year[20]. - The Group recorded a net loss of approximately HK$2.4 million for the six months ended September 30, 2023, compared to a profit of HK$3.8 million for the same period in 2022[155]. - The Group's gross profit decreased by approximately HK$3.3 million from approximately HK$11.0 million for the six months ended September 30, 2022, to approximately HK$7.7 million for the six months ended September 30, 2023[154]. Cash Flow and Assets - Current assets decreased to HK$110,454,000 as of September 30, 2023, from HK$128,960,000 as of March 31, 2023[21]. - Cash and bank balances dropped to HK$7,969,000 from HK$28,557,000 over the same period[21]. - Trade receivables increased to HK$81,639,000 from HK$75,814,000, indicating a rise in outstanding payments[21]. - Net assets as of September 30, 2023, were HK$98,838,000, down from HK$101,254,000 as of March 31, 2023[21]. - The total cash and cash equivalents at the end of the period decreased to HK$7,969,000 from HK$22,439,000 at the end of the same period in 2022[27]. - The company’s cash and cash equivalents at the beginning of the period were HK$28,557,000, compared to HK$14,276,000 in the previous year[27]. - The Group's current assets amounted to approximately HK$110.5 million as of September 30, 2023, down from approximately HK$129.0 million as of March 31, 2023[161]. - As of September 30, 2023, the Group's net current assets were approximately HK$44.9 million, a decrease from HK$46.8 million as of March 31, 2023[166]. Dividends and Share Capital - The Board does not recommend the payment of any dividend for the six months ended 30 September 2023[16]. - No dividends were recommended for the six months ended September 30, 2023, consistent with the same period in 2022[66]. - The total authorized ordinary shares remained at 2,000,000,000 shares with a share capital of HK$20,000,000 as of September 30, 2023[118]. - The issued and fully paid ordinary shares were 137,520,190 shares with a share capital of HK$13,752,000 as of September 30, 2023, unchanged from March 31, 2023[118]. Operational Strategies - The Group aims to explore new strategies to enhance revenue streams moving forward[16]. - The management is focused on improving operational efficiency to mitigate losses in future periods[16]. - The Group is assessing potential market expansion opportunities to recover from the current downturn[16]. - The Group plans to deploy more resources on talent recruitment and strengthen its business development and marketing strategy in the diesel oil market[147]. - The Group will proactively seek potential business opportunities to broaden income sources and enhance shareholder value[150]. - The adverse impact of the pandemic and the war in Ukraine has created a challenging business environment, but the Group remains optimistic about future performance due to economic recovery in Hong Kong[147]. Credit and Risk Management - The Group's exposure to credit risk is primarily influenced by individual customer characteristics, with significant concentrations of credit risk arising from major customers[91]. - The Group applies a simplified approach for expected credit loss (ECL) on trade receivables, measuring loss allowances at an amount equal to lifetime ECL[92]. - The Group continuously monitors the financial background and creditworthiness of debtors to minimize credit risk, with most trade receivables not yet overdue having no default payment history[94]. Investments and Acquisitions - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the six months ended September 30, 2023[179]. - The Group did not have any plans for material investments or capital assets as of September 30, 2023[180]. - The Group did not engage in any derivative agreements to hedge foreign exchange exposure during the six months ended September 30, 2023[173]. Future Outlook - The business environment for diesel oil and marine diesel oil is expected to improve due to stable investment in public infrastructure and recovery in the logistics industry in Hong Kong[142]. - The Group has a clear timeline for utilizing the remaining net proceeds by 31 March 2024[200].