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].

Financial Performance - The Group's revenue decreased by approximately 32.5% from approximately HK$429.9 million for the year ended March 31, 2023, to approximately HK$290.0 million for the year ended March 31, 2024[15]. - The Group recorded a net loss of approximately HK$8.6 million for the year ended March 31, 2024, compared to a net loss of approximately HK$4.8 million for the year ended March 31, 2023, representing an increase in net loss of approximately HK$3.8 million[15]. - The decrease in net loss was mainly attributable to a decrease in sales and transportation of diesel oil and a decrease in other income and gains or losses for the year ended March 31, 2024[15]. - The average selling prices and sales volumes of petroleum products demonstrated a downward trend, leading to an overall decrease in the Group's total turnover[17]. - The Group's cost of sales was approximately HK$275.7 million for the year ended March 31, 2024, representing a decrease of approximately 33.4% from approximately HK$413.7 million for the year ended March 31, 2023[40]. - The Group's gross profit decreased by approximately HK$1.9 million from approximately HK$16.2 million for the year ended March 31, 2023, to approximately HK$14.3 million for the year ended March 31, 2024[41]. - The gross profit margin increased from approximately 3.8% for the year ended March 31, 2023, to approximately 4.9% for the year ended March 31, 2024, mainly due to higher markup offered to customers in the diesel oil market[41]. - The Group recognized a loss of approximately HK$8.6 million for the year ended March 31, 2024, compared to a net loss of approximately HK$4.8 million for the previous year, resulting in a negative net profit margin of approximately 3.0%[50]. - Other income decreased from approximately HK$7.7 million for the year ended March 31, 2023, to approximately HK$5.5 million for the year ended March 31, 2024, mainly due to reduced rental income from diesel vehicles[46]. Revenue Sources - Revenue from diesel oil, marine diesel oil, and lubricant oil represented approximately 98.2%, 1.3%, and 0.5% of the Group's total revenue for the year ended March 31, 2024, compared to 97.7%, 2.0%, and 0.3% for the year ended March 31, 2023[38]. - Sales revenue from diesel, marine diesel, and lubricants for the year ended March 31, 2024, was approximately HK$284.9 million, HK$3.7 million, and HK$1.4 million, accounting for approximately 98.2%, 1.3%, and 0.5% of total revenue, respectively[42]. Market Conditions - The decrease in the Group's revenue was primarily due to decreased demand from construction and logistics customers and lower diesel oil prices during the year ended March 31, 2024[39]. - The Group is optimistic about the market trend for diesel oil and marine diesel oil sales in Hong Kong, driven by stable and high levels of investment in public infrastructure projects[21]. Operational Developments - As of March 31, 2024, the Group had a fleet of eight diesel tank wagons, a marine oil barge, and a vessel to meet customer requirements[16]. - The Group conducted marketing and promotional activities and negotiated with potential customers to secure purchase orders for marine diesel oil[16]. - The Group plans to deploy more resources towards talent recruitment and strengthen its business development and marketing strategy for the diesel oil segment[21]. - The Group purchased three new diesel tank wagons and replaced two existing ones as part of its fleet expansion strategy[86]. - The effectiveness and operating efficiency of new diesel tank wagons have been closely evaluated, with further assessments planned[86]. Financial Position - The group's current assets as of 31 March 2024 amounted to approximately HK$114.9 million, down from approximately HK$129.0 million as of 31 March 2023, while current liabilities decreased to approximately HK$71.1 million from approximately HK$82.2 million[57]. - The gearing ratio was approximately 40.6% as of 31 March 2024, down from 45.0% as of 31 March 2023[60]. - The group's capital structure consisted of equity attributable to the owners of the company of approximately HK$91.7 million as of 31 March 2024, compared to approximately HK$101.3 million in the previous year[64]. - The Group's equity attributable to owners was approximately HK$91.7 million as of March 31, 2024, down from approximately HK$101.3 million in 2023[69]. - The Group maintained a healthy liquidity position throughout the year ended March 31, 2024, with ongoing credit assessments to reduce credit risk[72]. Governance and Compliance - The Company has complied with all applicable code provisions set out in the Corporate Governance Code[113]. - The Board consists of three executive directors and three independent non-executive directors, ensuring a strong independence element with over one-third of the members being independent[120][123]. - The Company Secretary attended all scheduled Board meetings to report on corporate governance, risk management, statutory compliance, accounting, and finance[135]. - The Board held four regular meetings during the year, with all directors having the option to attend in person or via electronic communication[131]. - Attendance at the Annual General Meeting was 100% for all directors, with executive directors attending all four Board meetings[134]. - The Audit Committee and Nomination Committee had a 100% attendance rate for their meetings, indicating strong engagement in governance matters[134]. - The Board has delegated daily operations and management to executive directors and management, focusing on strategic direction and enhancing shareholder value[126]. - The Company is committed to compliance with legal and regulatory requirements, as monitored by the Board[122]. - The Board's composition meets the requirements of GEM Listing Rules, ensuring appropriate professional qualifications and industry knowledge among its members[120][122]. - The independent non-executive directors contribute diverse expertise and independent judgment to the Group's strategies and performance[123]. - The Company has established three committees to oversee specific aspects of its affairs, enhancing governance and accountability[127]. - The Company has established an Audit Committee comprising three independent non-executive Directors, with Mr. Chui Chi Yun, Robert as the Chairman[159]. - The Audit Committee is responsible for overseeing the effectiveness of the Company's internal control and risk management system, and reviewing the financial statements[161]. - The Audit Committee has recommended the reappointment of HLB Hodgson Impey Cheng Limited as the Company's auditors for the year ending 31 March 2024, subject to shareholder approval[162]. - All Directors have participated in continuous professional development during the reporting period, ensuring their contributions to the Board remain informed and relevant[146]. - The Company has adopted a board diversity policy, focusing on various aspects such as age, cultural background, and gender diversity, aiming for gender parity on the Board[199]. - The Nomination Committee will disclose the Board's composition annually and supervise the implementation of the diversity policy[200]. Future Plans - The Group will proactively seek potential business opportunities to broaden its sources of income and enhance shareholder value[21]. - The expected timeline for utilizing remaining proceeds is based on market conditions and may change accordingly[100]. - The Company aims to utilize the remaining unspent proceeds as soon as practicable before 31 March 2025[98].

Financial Performance - Total revenue for the year ended March 31, 2024, was HKD 289,980,000, a decrease of 32.5% compared to HKD 429,940,000 for the previous year[6] - Cost of sales for the same period was HKD 275,705,000, down 33.4% from HKD 413,699,000[6] - Gross profit decreased to HKD 14,275,000, representing a decline of 12.1% from HKD 16,241,000[6] - Other income for the year was HKD 5,494,000, down 28.2% from HKD 7,655,000[6] - Operating expenses were HKD 14,266,000, a reduction of 22.9% compared to HKD 18,378,000 in the previous year[6] - The company reported a net loss of HKD 8,648,000, compared to a net loss of HKD 4,837,000 in the previous year, indicating a worsening of 79.5%[6] - Basic and diluted loss per share was HKD 6.29, compared to HKD 3.96 in the previous year[6] - The overall comprehensive loss for the year was HKD 9,557,000, compared to HKD 6,157,000 in the previous year[6] Assets and Liabilities - Total assets decreased from HKD 128,960,000 to HKD 114,941,000, a decline of approximately 10.9% year-over-year[7] - Current liabilities reduced from HKD 82,176,000 to HKD 71,101,000, representing a decrease of about 13.5%[7] - Cash and cash equivalents significantly dropped from HKD 28,557,000 to HKD 10,452,000, a reduction of approximately 63.4%[7] - Non-current assets decreased from HKD 55,708,000 to HKD 48,882,000, a decline of about 12.3%[7] - Total equity fell from HKD 101,254,000 to HKD 91,697,000, a decrease of approximately 9.4%[7] - The company’s total liabilities decreased from HKD 82,176,000 to HKD 71,101,000, a reduction of about 13.5%[7] Revenue Breakdown - The group's revenue from customer contracts for 2024 was HKD 289,980,000, a decrease of 32.5% compared to HKD 429,940,000 in 2023[19] - Revenue from diesel, marine diesel, and lubricants sales for the year ended March 31, 2024, was approximately HKD 284.9 million, HKD 3.7 million, and HKD 1.4 million, accounting for approximately 98.2%, 1.3%, and 0.5% of total revenue, respectively[55] Employee and Operational Costs - Total employee costs, including director remuneration, increased to HKD 10,686,000 in 2024 from HKD 10,085,000 in 2023, an increase of 5.9%[29] - Administrative expenses decreased from approximately HKD 18.4 million for the year ended March 31, 2023, to approximately HKD 14.3 million for the year ended March 31, 2024, mainly due to a reduction in legal and professional fees[60] - Other operating expenses decreased from approximately HKD 6.5 million for the year ended March 31, 2023, to approximately HKD 5.3 million for the year ended March 31, 2024, primarily due to reduced operating expenses in automotive and marine transportation[61] Shareholder and Corporate Governance - The company did not recommend any dividend for the year ending March 31, 2024, consistent with the previous year[31] - The average number of ordinary shares for 2024 was 137,520,000, up from 122,053,000 in 2023, indicating an increase in share count[34] - The company has adopted a code of conduct for directors regarding securities trading, which complies with GEM listing rules[86] - The board is committed to establishing and maintaining high standards of corporate governance[89] - The company has implemented a shareholder communication policy to ensure timely access to relevant information for shareholders[92] Environmental and Regulatory Compliance - The group recognizes the importance of environmental protection and has implemented multiple measures to minimize its impact on the environment and natural resources[75] - As of the announcement date, the group is not aware of any violations of environmental laws or regulations that have resulted in prosecution, fines, or penalties[76] Future Outlook and Strategy - The group aims to strengthen its market position in the diesel and marine diesel sectors in Hong Kong, focusing on talent acquisition and business development strategies[44] - The outlook for diesel and marine diesel sales in Hong Kong is optimistic due to stable investments in public infrastructure projects[48]

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].

Financial Performance - The Group recorded a revenue of approximately HK$65.1 million for the three months ended 30 June 2023, representing a decrease of approximately HK$57.5 million or 46.9% compared to the same period in 2022[7]. - The Group reported a net loss of approximately HK$0.6 million for the three months ended 30 June 2023, a decline from a net profit of approximately HK$3.7 million for the same period in 2022[8]. - The decrease in revenue was primarily due to a reduction in sales of marine diesel oil[8]. - Gross profit for the three months ended 30 June 2023 was approximately HK$3.7 million, down from HK$5.2 million in the same period of 2022[12]. - The loss before taxation for the period was approximately HK$0.6 million, compared to a profit before taxation of approximately HK$3.7 million in the same period of 2022[12]. - Basic and diluted loss per share attributable to owners of the Company was HK$0.45, compared to earnings of HK$3.67 per share in the previous year[14]. - The Group's total comprehensive loss for the period was approximately HK$0.6 million, compared to a total comprehensive profit of approximately HK$3.7 million in the same period of 2022[14]. - The company reported a loss of HK$621,000 for the three months ended June 30, 2023, compared to a profit of HK$3,703,000 for the same period in 2022[16]. - The cost of sales for the Group was approximately HK$61.4 million, representing a decrease of approximately 47.7% from approximately HK$117.4 million for the three months ended 30 June 2022[72]. - The Group recorded a loss of approximately HK$0.6 million for the three months ended 30 June 2023, compared to a profit for the same period in 2022, resulting in a negative net profit margin of approximately 1.0%[75]. Dividends and Share Capital - The Board does not recommend the payment of any dividend for the three months period ended 30 June 2023[8]. - The company did not recommend any dividend for the three months ended June 30, 2023, consistent with the previous year[51]. - The share capital increased from HK$10,080,000 on April 1, 2022, to HK$13,752,000 on April 1, 2023, representing a growth of approximately 36.5%[16]. - The share premium rose from HK$74,701,000 on April 1, 2022, to HK$83,070,000 on April 1, 2023, indicating an increase of about 11.5%[16]. Expenses and Costs - Administrative expenses for the period were approximately HK$3.4 million, compared to HK$3.9 million in the previous year[12]. - Other gains and losses for the period amounted to approximately HK$1.5 million, down from HK$5.9 million in the same period of 2022[12]. - Interest expenses on bank borrowings increased to HK$273,000 from HK$33,000, indicating a significant rise in financing costs[45]. - Total staff costs for the three months ended June 30, 2023, were approximately HK$2.5 million, compared to approximately HK$2.3 million for the same period in 2022, reflecting an increase of about 8.7%[117]. - The Group reported a total of HK$1,707,000 in other staff costs, an increase from HK$1,567,000 in the previous year, reflecting a rise of 8.9%[42]. Business Operations - The company is primarily engaged in the sale and transportation of diesel oil and related products in Hong Kong[21]. - The Group operates solely in Hong Kong, with all revenue derived from external customers located in the same region[34]. - The Group plans to deploy more resources on talent recruitment and strengthen its business development and marketing strategy in the diesel oil market[66]. - The business environment for diesel oil and marine diesel oil is expected to improve due to stable investment in public infrastructure and the recovery of the logistics industry in Hong Kong[61]. - The decrease in revenue was mainly attributed to fluctuations in international oil prices and fierce price competition in the industry[68]. Financial Position - As of June 30, 2023, the total equity of the company was HK$100,633,000, a decrease from HK$101,254,000 as of April 1, 2023, reflecting a decline of approximately 0.62%[16]. - The Group's current assets amounted to approximately HK$115.9 million as at 30 June 2023, down from approximately HK$153.3 million as at 30 June 2022, while current liabilities decreased to approximately HK$70.6 million from approximately HK$113.4 million[81]. - The current ratio improved to approximately 1.6 as at 30 June 2023, compared to approximately 1.4 as at 30 June 2022[81]. - The Group's gearing ratio decreased significantly to approximately 26.1% as at 30 June 2023 from approximately 53.9% as at 30 June 2022[83]. - The maximum limit of borrowing facilities available to the Group increased to approximately HK$75.1 million as at 30 June 2023, compared to approximately HK$59.3 million as at 30 June 2022[82]. Corporate Governance - The Company has maintained high corporate governance standards and complied with the Corporate Governance Code during the three months ended June 30, 2023[174]. - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2023, confirming compliance with applicable accounting standards[155]. - The Company confirmed that all Directors complied with the required standard of dealings regarding securities transactions as of the report date[173]. - The Company is committed to continuously reviewing and improving corporate governance practices[178]. - The Company established a Remuneration Committee on March 23, 2017, comprising two independent non-executive Directors and one executive Director[165]. Environmental Compliance - The Group has implemented various environmental protection measures to minimize operational impact, complying with Hong Kong environmental laws[122]. - No prosecution, penalty, or punishment has been imposed on the Group for violations of environmental laws as of the report date[128]. - The Group continues to monitor business operations to ensure compliance with environmental protection measures[123]. Shareholding Structure - Mr. Fong Chun Man holds 75,686,400 shares, representing 55.04% of the total shareholding[136]. - Ms. Lo Pui Yee, as the spouse of Mr. Fong Chun Man, is also deemed to hold 75,686,400 shares, representing 55.04% of the total shareholding[136]. - As of June 30, 2023, Grand Tycoon Limited holds 75,686,400 shares, representing 55.04% of the total shareholding[141]. - The shares held by Grand Tycoon Limited are fully owned by Mr. Fong Chun Man, who is deemed to have an interest in all shares held[142]. Miscellaneous - The Group did not engage in any derivatives agreements or commit to any financial instruments to hedge its foreign exchange exposure during the three months ended 30 June 2023[96]. - There were no material acquisitions or disposals of subsidiaries, associates, or joint ventures during the three months ended June 30, 2023[98]. - No significant events requiring disclosure occurred from June 30, 2023, to the date of this report[124]. - The report will be available on the Stock Exchange website for at least 7 days from the posting date[176].

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。 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） 截至二零二三年六月三十日止三個月 第一季度業績公佈 F8企業（控股）集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本 公司截至二零二三年六月三十日止三個月的未經審核業績。本公佈列載本公司 2023╱2024年第一季度報告全文，並遵守香港聯合交易所有限公司（「聯交所」） GEM證券上市規則（「GEM上市規則」）中有關第一季度業績初步公佈附載資料的 相關要求。本公司2023╱2024年第一季度報告的印刷版本將於適當時候寄發予本 公 司 股 東 ， 並 可 於 屆 時 在 聯 交 所 網 站 www.hkexnews.hk 及 本 公 司 的 網 站 www.f8.com.hk上閱覽。 承董事會命 F8企 ...

Financial Performance - The Group's revenue increased by approximately 20.3% from approximately HK$357.5 million for the year ended March 31, 2022, to approximately HK$429.9 million for the year ended March 31, 2023[15]. - The Group recorded a net loss of approximately HK$4.8 million for the year ended March 31, 2023, a decrease of approximately HK$27.1 million compared to a net loss of approximately HK$31.9 million for the year ended March 31, 2022[15]. - The decrease in net loss was mainly due to an increase in sales and transportation of diesel oil, a decrease in expected credit loss allowance by approximately HK$8.5 million, and the absence of a one-off loss of approximately HK$15.4 million incurred in the previous year[15]. - The increase in revenue was primarily due to increased demand from construction and logistics customers, as well as higher diesel oil prices during the year ended March 31, 2023[42]. - The Group's revenue from diesel oil, marine diesel oil, and lubricant oil accounted for approximately 98.2%, 1.1%, and 0.7% of total revenue for the year ended March 31, 2022, indicating a shift in revenue distribution[41]. - The Group's cost of sales was approximately HK$413.7 million for the year ended March 31, 2023, an increase of approximately 17.3% from approximately HK$352.6 million for the year ended March 31, 2022[45]. - Gross profit increased by approximately HK$11.3 million from approximately HK$4.9 million for the year ended March 31, 2022, to approximately HK$16.2 million for the year ended March 31, 2023, with the gross profit margin rising from approximately 1.4% to approximately 3.8%[47]. - The Group recognized a loss of approximately HK$4.8 million for the year ended March 31, 2023, compared to a net loss of approximately HK$31.9 million for the previous year, resulting in a negative net profit margin of approximately 1.1%[49]. Assets and Liabilities - Current assets amounted to approximately HK$129.0 million as at 31 March 2023, compared to approximately HK$131.4 million as at 31 March 2022, while current liabilities decreased to approximately HK$82.2 million from approximately HK$85.3 million[54]. - The current ratio improved to approximately 1.6 as at 31 March 2023, compared to approximately 1.5 as at 31 March 2022[54]. - The maximum limit of borrowing facilities available to the Group increased to approximately HK$75.1 million as at 31 March 2023, up from HK$59.3 million as at 31 March 2022[55]. - The gearing ratio was approximately 45.0% as at 31 March 2023, slightly down from 46.2% as at 31 March 2022[57]. - The Group's net current assets increased to approximately HK$46.8 million as at 31 March 2023, compared to approximately HK$46.1 million as at 31 March 2022[53]. - The Group's equity attributable to owners was approximately HK$101.3 million as of March 31, 2023, compared to approximately HK$95.4 million in 2022[61]. Operational Developments - As of March 31, 2023, the Group operated a fleet of eight diesel tank wagons, a marine oil barge, and a vessel to meet customer requirements[16]. - The Group has conducted marketing and promotional activities and negotiated with potential customers to secure purchase orders for marine diesel oil[18]. - The Group plans to deploy more resources on talent recruitment and strengthen its business development and marketing strategy for diesel oil[36]. - The Group purchased three new diesel tank wagons and replaced two existing ones, with the remaining new wagons expected to be delivered by the end of March 2024[83]. - The Group is actively conducting marketing and promotional activities to secure purchase orders for marine diesel oil[85]. - The Group is in the process of assessing the need for additional diesel tank wagons based on business development[83]. Corporate Governance - The Board is committed to high standards of corporate governance and effective accountability, adhering to the Corporate Governance Code[109]. - The Company has complied with all applicable code provisions set out in the Corporate Governance Code[110]. - The Board consists of three independent non-executive Directors, ensuring a strong independence element in its composition[117]. - The Board is responsible for setting the Group's overall strategies and supervising management performance[111]. - The Company has confirmed the independence of its non-executive directors in compliance with GEM Listing Rules[154]. - The Audit Committee is satisfied with the independence of the external auditor, HLB Hodgson Impey Cheng Limited, and recommends their reappointment for the year ending March 31, 2024[160]. - The Company has established a framework for regular meetings of the Audit and Remuneration Committees, ensuring oversight and governance[161][168]. Human Resources - The total number of employees as of 31 March 2023 is 26, a decrease from 28 employees as of 31 March 2022[98]. - The total staff costs amounted to approximately HK$10.1 million, an increase from approximately HK$9.4 million in the previous year[98]. - The recruitment process for new manpower is ongoing, with various methods employed to attract suitable candidates[97]. - Training courses and on-the-job training have been provided to staff to enhance occupational health and safety management[87]. Financial Management - The Group's liquidity position was maintained throughout the year ended March 31, 2023, through prudent financial management[69]. - The company has utilized approximately HK$38.3 million of the total net proceeds of HK$45.1 million by 31 March 2023, leaving HK$6.8 million unutilized[91]. - The planned use of unutilized proceeds includes the purchase of diesel tank wagons (17.3%), marine diesel oil barge (31.0%), manpower strengthening (13.5%), and upgrading information technology systems (8.0%)[91]. - The company completed a rights issue on 15 September 2022, raising approximately HK$11.0 million, which has been fully utilized for loan repayment and general working capital by 31 March 2023[93][94]. Risk Management - The Group's foreign exchange risk primarily arises from transactions settled in Renminbi, with no hedging instruments in place as of March 31, 2023[65]. - The Directors confirm that they are not aware of any material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern[185].

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之內容概不負 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 任何部份內容而產生或因倚賴該等內容而引致之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） 截至二零二三年三月三十一日止年度 年度業績公佈 F8企業（控股）集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本 公司及其附屬公司截至二零二三年三月三十一日止年度之經審核業績。本公告載 列本公司二零二二年╱二零二三年年度報告全文，並符合香港聯合交易所有限公 司（「聯交所」）GEM證券上市規則（「GEM上市規則」）有關年度業績初步公告附載 的資料規定。本公司二零二二年╱二零二三年年度報告的印刷版本將會寄發予本 公司的股東，並可於二零二三年六月三十日或之前於聯交所網站www.hkexnews.hk 及本公司網站www.f8.com.hk閱覽。 承董事會命 F8企業（控股）集團有限公司 主席兼執行董事 方 ...

Financial Performance - The Group recorded a revenue of approximately HK$352.1 million for the nine months ended 31 December 2022, representing an increase of approximately HK$90.2 million or 34.4% compared to the same period in 2021[7]. - The Group achieved a net profit of approximately HK$4.0 million for the nine months ended 31 December 2022, a significant turnaround from a net loss of approximately HK$11.3 million for the same period in 2021[7]. - The gross profit for the nine months ended 31 December 2022 was approximately HK$16.9 million, compared to HK$10.4 million for the same period in 2021, reflecting improved operational efficiency[13]. - The Group's profit from operations for the nine months ended 31 December 2022 was approximately HK$5.6 million, compared to a loss of approximately HK$7.8 million for the same period in 2021[13]. - The profit before taxation for the nine months ended 31 December 2022 was approximately HK$4.0 million, compared to a loss of approximately HK$11.5 million for the same period in 2021[13]. - For the three months ended December 31, 2022, the company reported a profit of HK$236,000, compared to a loss of HK$6,041,000 in the same period of 2021, marking a significant turnaround[14]. - For the nine months ended December 31, 2022, the company achieved a profit of HK$4,031,000, a substantial improvement from a loss of HK$11,421,000 in the previous year[14]. - The total comprehensive income for the period attributable to owners of the company was HK$236,000 for the three months and HK$4,031,000 for the nine months, compared to losses of HK$6,134,000 and HK$12,795,000 respectively in 2021[15]. Revenue Sources - Diesel oil sales contributed HK$344,458,000, representing a 34.0% increase from HK$257,005,000 in the previous year[34]. - Marine diesel oil sales increased significantly to HK$6,599,000, up from HK$3,162,000, marking a 108.7% growth[34]. - Revenue from diesel oil sales amounted to approximately HK$344.5 million, representing approximately 97.8% of the Group's total revenue for the nine months ended 31 December 2022[111]. Expenses and Costs - The increase in revenue was primarily driven by higher sales of diesel oil and a reduction in administrative expenses, although this was partially offset by an increase in other operating expenses[8]. - The Group's administrative expenses decreased to approximately HK$12.1 million for the nine months ended 31 December 2022, down from HK$12.3 million in the same period in 2021[13]. - The finance costs for the nine months ended 31 December 2022 were approximately HK$2.2 million, a reduction from HK$3.4 million for the same period in 2021[13]. - The cost of inventories recognized as expenses for the nine months ended December 31, 2022, was HK$328,770,000, which is a 33.3% increase from HK$246,673,000 in the previous year[49]. - The Group's cost of sales for the nine months ended December 31, 2022 was approximately HK$335.2 million, an increase of approximately 33.3% from approximately HK$251.5 million for the same period in 2021[112]. Dividends and Share Capital - The Board does not recommend the payment of any dividend for the nine months period ended 31 December 2022[10]. - The company’s share capital increased to HK$13,752,000 as of December 31, 2022, from HK$10,080,000 at the beginning of the period due to the issuance of new shares[15]. - The group did not declare any dividends for the nine months ended December 31, 2022, compared to no dividends declared for the same period in 2021[56]. Equity and Financial Position - As of December 31, 2022, the company's total equity stood at HK$111,442,000, reflecting an increase from HK$95,370,000 at the beginning of the period[15]. - The Group's capital structure included equity attributable to the owners of the Company of approximately HK$111.4 million as of 31 December 2022, an increase from approximately HK$95.4 million as of 31 March 2022[127]. - As of December 31, 2022, the Group's current assets were approximately HK$143.7 million, while current liabilities were approximately HK$91.0 million, resulting in a current ratio of approximately 1.6[120]. - The gearing ratio improved to approximately 34.9% as of 31 December 2022, down from 46.2% as of 31 March 2022[123]. Operational Developments - The Group's performance indicates a positive trend in operational recovery and financial stability moving forward[8]. - The Group's operations focus on the sale and transportation of diesel oil and related products[22]. - The company operates primarily in Hong Kong, with all revenue derived from external customers located in the region[37]. - The Group will focus on talent recruitment and strengthen business development and marketing strategies in the diesel oil market due to a challenging business environment[105][108]. Compliance and Governance - The Audit Committee reviewed the Quarterly Financial Statements for the nine months ended December 31, 2022, confirming compliance with applicable accounting standards and GEM Listing Rules[192]. - The Company has established an Audit Committee to oversee internal control and risk management systems, comprising three independent non-executive Directors[190]. - There are no competing interests from controlling shareholders or Directors that could affect the Company's business during the reporting period[189]. Environmental Compliance - The Group continues to monitor its business operations to ensure compliance with environmental laws and regulations[158]. - No prosecution, penalty, or punishment has been imposed on the Group for violations of environmental laws as of the report date[163]. - The Group has implemented various environmental protection measures to minimize operational impact on the environment[161].