Revenue Performance - The group's revenue for the year ended March 31, 2020, was approximately HKD 64.3 million, a decrease of about 13.1% compared to HKD 74 million for the year ended March 31, 2019[12]. - The decline in revenue was primarily due to increased environmental concerns, the rise of digital information, and the impact of the COVID-19 pandemic, which adversely affected the economic environment and operational conditions[12]. - The group's revenue decreased by approximately 13.1% from about HKD 74,000,000 for the year ended March 31, 2019, to about HKD 64,300,000 for the year ended March 31, 2020[25]. - Revenue from commercial printing services fell by about 22.4% from approximately HKD 46,500,000 to about HKD 36,100,000 during the same period[26]. - Revenue from financial printing services decreased by about 4.9% from approximately HKD 26,300,000 to about HKD 25,000,000[27]. - Revenue from other services increased by approximately 172.8% from about HKD 1,200,000 to about HKD 3,200,000, attributed to an increase in independent sales orders[28]. Cost and Expenses - Service costs increased by about 2.1% from approximately HKD 53,800,000 to about HKD 54,900,000, mainly due to increased subcontracting costs[29]. - Gross profit decreased by approximately 53.7% from about HKD 20,200,000 in 2019 to about HKD 9,300,000 in 2020, with a gross margin decline from 27.3% to 14.5% due to reduced revenue from commercial printing services[31]. - Selling expenses rose by approximately 51.3% from about HKD 2,400,000 in 2019 to about HKD 3,700,000 in 2020, mainly due to hiring more sales personnel and increased compensation[34]. - Administrative and operating expenses increased by approximately 17.3% from about HKD 20,500,000 in 2019 to about HKD 24,100,000 in 2020, attributed to additional administrative and employee costs, depreciation, and other operating expenses[35]. - Financing costs surged by approximately 302.8% from about HKD 200,000 in 2019 to about HKD 900,000 in 2020, primarily due to increased interest expenses on lease liabilities[36]. Financial Position - The total loss for the year ended March 31, 2020, was approximately HKD 16,300,000, compared to a loss of about HKD 7,600,000 in 2019, largely due to a decline in orders for commercial printing services[40]. - As of March 31, 2020, total borrowings and lease liabilities amounted to approximately HKD 35,900,000, up from about HKD 5,200,000 in 2019[42]. - The current ratio as of March 31, 2020, was approximately 3.1 times, down from about 4.7 times in 2019[42]. - The debt-to-equity ratio increased significantly to 47.8% as of March 31, 2020, from 5.6% in 2019, due to the initial application of HKFRS 16 leading to increased lease liabilities[43]. - The net current asset value as of March 31, 2020, was approximately HKD 46,100,000, down from about HKD 69,500,000 in 2019[43]. Business Strategy and Opportunities - The group anticipates adverse impacts on financial printing business due to a decline in the number of IPOs and increased competition leading to potential price wars[21]. - The group is actively seeking new business or investment opportunities to ensure revenue diversification and sustainability amid the ongoing challenges posed by COVID-19[21]. - The company is in the process of acquiring 100% of the issued share capital of a company providing electric vehicle charging services for a total consideration of HKD 35,000,000, which includes cash and shares[67][69]. - The company plans to issue 22,802,703 shares at HKD 0.37 each as part of the payment for the acquisition[69]. - The company has streamlined its production line to improve operational efficiency and achieve cost savings[66]. Governance and Compliance - The company has adopted trading standards in compliance with GEM Listing Rules, confirming adherence by all directors since April 1, 2019[98]. - The board of directors includes newly appointed executive directors, with significant changes occurring on January 22, 2020, including the resignation of the previous chairman[99]. - The company has complied with GEM Listing Rules regarding independent non-executive directors, ensuring all meet independence criteria[100]. - The board is responsible for overseeing the company's operations and ensuring alignment with shareholder interests while managing key business risks[101]. - The company has established three special committees (Audit, Remuneration, and Nomination) to oversee specific areas of governance[105]. Shareholder Communication and Relations - The company has adopted a shareholder communication policy to ensure timely and equal access to information for shareholders and potential investors[138]. - The company provides multiple channels for shareholder communication, including printed corporate communications and annual general meetings[139]. - The company has established procedures for shareholders to propose candidates for director positions at shareholder meetings[142]. Employee and Talent Management - As of March 31, 2020, the group had 112 employees in Hong Kong, an increase from 105 employees in 2019[155]. - The company has established a stock option plan to attract and retain talent[155]. - The company has hired several experienced sales personnel to strengthen customer relationships and support business growth[76]. - The company plans to continue attracting and retaining top industry talent to support its growth initiatives[76]. Environmental and Legal Compliance - The company has complied with environmental protection laws and regulations, promoting awareness among employees[150]. - There were no significant legal or regulatory violations affecting the company’s business as of March 31, 2020[151].

Financial Performance - For the three months ended December 31, 2019, the company reported revenue of HKD 16,813,000, an increase of 24.5% compared to HKD 13,564,000 for the same period in 2018[5] - The gross profit for the same period was HKD 2,033,000, representing a significant increase from HKD 668,000 in the prior year, resulting in a gross margin improvement[5] - The company incurred a loss before tax of HKD 3,986,000 for the three months ended December 31, 2019, compared to a loss of HKD 4,550,000 in the same period of 2018, indicating a reduction in losses[5] - Total comprehensive loss for the period was HKD 3,480,000, slightly improved from HKD 3,879,000 in the previous year[5] - The company reported a basic and diluted loss per share of HKD 0.77 for the three months ended December 31, 2019, compared to HKD 0.87 for the same period in 2018[6] - For the nine months ended December 31, 2019, total revenue was HKD 53,379,000, a decrease of 4.8% from HKD 55,935,000 in the same period of 2018[5] - The company’s gross profit for the nine months ended December 31, 2019, decreased by approximately 33.4% from HKD 15,500,000 to HKD 10,300,000[62] - The gross profit margin fell from 27.7% to 19.4% for the same period, attributed to a greater decline in sales compared to the overall reduction in service costs[62] Revenue Breakdown - For the three months ended December 31, 2019, the revenue from commercial printing services was HKD 8,164,000, a decrease of 25.6% compared to HKD 10,982,000 in the same period of 2018[23] - The revenue from financial printing services for the nine months ended December 31, 2019, was HKD 21,550,000, an increase of 8.6% from HKD 19,857,000 in the same period of 2018[23] - The company reported a decrease in revenue from commercial printing services, dropping approximately 14.2% from HKD 35,000,000 to HKD 30,100,000 for the nine months ended December 31, 2019[51] - Revenue from financial printing services increased by about 8.5%, rising from HKD 19,900,000 to HKD 21,600,000 for the same period[51] - Total revenue for the nine months ended December 31, 2019, decreased by approximately 4.5% from HKD 55,900,000 to HKD 53,400,000, primarily due to a reduction in sales orders[57] Expenses and Costs - The company’s administrative and other operating expenses increased to HKD 16,493,000 for the nine months ended December 31, 2019, compared to HKD 15,258,000 in the previous year[5] - Employee costs, including directors' remuneration, rose to HKD 8,385,000 for the three months ended December 31, 2019, compared to HKD 5,995,000 in the same period of 2018, marking an increase of 39.8%[30] - The total employee costs for the nine months ended December 31, 2019, reached HKD 27,173,000, compared to HKD 21,771,000 in the same period of 2018, indicating an increase of 24.7%[30] - Service costs increased by approximately 6.4%, rising from HKD 40,400,000 to HKD 43,000,000, mainly due to higher direct labor and indirect production costs[59] - Sales expenses rose by approximately 100.9% from HKD 1,500,000 to HKD 3,000,000 for the nine months ended December 31, 2019, attributed to new hires in the sales team leading to increased commissions and salaries[64] - Administrative and other operating expenses increased by approximately 8.1% from HKD 15,300,000 to HKD 16,500,000 for the nine months ended December 31, 2019, mainly due to additional administrative and operational costs post-IPO[66] Corporate Actions and Governance - The company completed a capitalisation issue of 329,999,999 shares at par value of HKD 0.01 per share, raising HKD 3,299,999.99 from the share premium account[12] - The company completed a share purchase agreement on November 19, 2019, acquiring 223,800,000 shares for a total consideration of HKD 59,978,400, increasing its ownership to 50.86%[43] - The board did not recommend the payment of an interim dividend for the nine months ended December 31, 2019[80] - The company has adopted a stock option plan, but no options were granted or exercised during the nine months ending December 31, 2019[88] - The company has complied with the GEM Listing Rules regarding the trading standards for directors since the listing date on May 11, 2018[87] - The roles of Chairman and CEO were held by the same person, Mr. Su, until his resignation on January 22, 2020, which the company believes provided strong leadership[84] - Following Mr. Su's resignation, the CEO position was taken over by Executive Director Mr. Leung, and the Chairman position was assumed by Non-Executive Director Mr. Ng, thus complying with the relevant governance code[86] Future Outlook and Strategy - The company has not disclosed specific future outlook or guidance in the report, focusing instead on current performance metrics[5] - The company aims to strengthen existing customer relationships and develop new ones to achieve sustainable organic growth[54] - Plans include purchasing permanent office properties for financial printing services to support business expansion[54] - The company intends to upgrade hardware and software for financial printing services to enhance operational efficiency[54] - The company is focused on attracting and retaining top talent in the industry to bolster its market position[54] Compliance and Audit - The audit committee, established on April 19, 2018, consists of three independent non-executive directors, ensuring compliance with GEM listing rules[118] - The company reviewed its unaudited consolidated financial statements for the nine months ending December 31, 2019, confirming adherence to applicable accounting standards[118] - The independent non-executive director, Mr. Ruan, has over 16 years of experience in financial reporting, management, and auditing across Hong Kong, China, Malaysia, and Singapore[117] - The company has appointed Ms. Zhu as an independent non-executive director, who has experience in product supply management since 2018[116]

Revenue Performance - Revenue from commercial printing services decreased by approximately 10.6% from HKD 24.1 million to HKD 21.5 million for the six months ended September 30, 2019[10]. - Revenue from financial printing services decreased by approximately 23.3% from HKD 18 million to HKD 13.8 million for the same period[10]. - Revenue for the six months ended September 30, 2019, decreased by approximately 13.7% to HKD 36,600,000 from HKD 42,400,000 for the same period in 2018[16]. - Revenue from commercial printing services decreased by approximately 8.9% to HKD 21,900,000, primarily due to a reduction in sales orders from existing customers[17]. - Revenue from financial printing services decreased by approximately 23.1% to HKD 13,800,000, mainly due to a decrease in printing services related to non-recurring items[19]. - Revenue from other services increased by 136.4% to HKD 800,000, attributed to an increase in translation service revenue[20]. - Total revenue for the six months ended September 30, 2019, was HKD 36,566,000, a decrease of 13.9% compared to HKD 42,371,000 for the same period in 2018[120]. - The revenue from commercial printing services for the six months ended September 30, 2019, was HKD 21,914,000, down 8.9% from HKD 24,064,000 in the previous year[120]. - The revenue from financial printing services for the six months ended September 30, 2019, was HKD 13,808,000, a decline of 23.9% compared to HKD 17,950,000 in the same period of 2018[120]. - Other services revenue for the six months ended September 30, 2019, was HKD 844,000, an increase of 136.5% from HKD 357,000 in the previous year[120]. Financial Performance - Gross profit decreased by approximately 44.1% to HKD 8,300,000, with a gross margin decline from 35.0% to 22.7%[27]. - Selling expenses increased by approximately 123.2% to HKD 2,300,000 due to increased sales commissions and salaries from hiring new sales team members[29]. - Administrative and other operating expenses increased by approximately 5.3% to HKD 10,800,000, primarily due to additional costs incurred post-IPO[31]. - Financing costs increased by approximately 160.5% to HKD 297,000, mainly due to the adoption of new leasing standards[32]. - The company recorded a total loss of approximately HKD 4,200,000 for the six months ended September 30, 2019, compared to a loss of HKD 2,700,000 for the same period in 2018[36]. - The increase in losses was attributed to reduced sales orders, increased administrative expenses, and higher selling expenses due to new hires[36]. - The company reported a loss before tax of HKD 3,610,000 for the six months ended September 30, 2019, compared to a profit of HKD 2,062,000 in the same period of 2018[92]. - Total comprehensive loss for the period was HKD 3,209,000, compared to a profit of HKD 1,726,000 in the same period of 2018[92]. - The company reported a total comprehensive loss of HKD 4,152,000 for the six months ended September 30, 2019[104]. Assets and Liabilities - As of September 30, 2019, the total borrowings of the group amounted to approximately HKD 3,500,000, down from HKD 5,200,000 as of March 31, 2019[39]. - The debt-to-equity ratio was zero as of September 30, 2019, due to cash and cash equivalents exceeding total liabilities[39]. - The current ratio was approximately 3.3 times as of September 30, 2019, compared to 4.7 times as of March 31, 2019[39]. - Cash and bank balances were approximately HKD 59,800,000 as of September 30, 2019, down from HKD 62,100,000 as of March 31, 2019[41]. - The net current assets were approximately HKD 58,500,000 as of September 30, 2019, compared to HKD 69,500,000 as of March 31, 2019[41]. - The company’s total liabilities decreased to HKD 25,821,000 as of September 30, 2019, from HKD 18,670,000 as of March 31, 2019[94]. - The company’s total assets as of September 30, 2019, were HKD 92,060,000, down from HKD 91,671,000 as of March 31, 2019[104]. - The total inventory as of September 30, 2019, was HKD 1,247,000, down from HKD 2,084,000 as of March 31, 2019, showing a decrease of 40.2%[141]. - Trade receivables as of September 30, 2019, were HKD 12,630,000, a decrease of 3.2% from HKD 13,047,000 as of March 31, 2019[143]. - Total trade payables as of September 30, 2019, were HKD 11,699,000, down from HKD 12,226,000 as of March 31, 2019, reflecting a decrease of 4.3%[148]. - Bank borrowings as of September 30, 2019, amounted to HKD 1,681,000, a decrease of 46.3% from HKD 3,123,000 as of March 31, 2019[150]. Share Capital and Dividends - The board did not recommend the payment of an interim dividend for the six months ended September 30, 2019[59]. - The company increased its authorized share capital from HKD 380,000 to HKD 1,000,000,000 through the issuance of an additional 99,962,000,000 shares at HKD 0.01 each[165]. - A total of 110,000,000 new ordinary shares were issued at HKD 0.6 per share, raising a total of HKD 66,000,000[166]. - The group did not recommend any interim dividend for the six months ended September 30, 2019, consistent with the previous year[137]. Corporate Governance - The company has complied with all applicable code provisions of the corporate governance code, except for the separation of the roles of chairman and CEO[60][61]. - The board believes that the current arrangement of Mr. Su holding both roles is beneficial for the group's business prospects[62]. - The company confirmed compliance with the trading standards for directors during the six months ended September 30, 2019[64]. - The company has established a non-competition agreement with major shareholders, ensuring no engagement in competitive businesses[81]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial statements for the six months ending September 30, 2019[89]. Employee and Management Costs - The company is focused on attracting and retaining top talent in the industry[13]. - Employee costs, including directors' remuneration, increased to HKD 18,788,000 for the six months ended September 30, 2019, from HKD 15,776,000 in 2018, reflecting a rise of 19.3%[126]. - The management's compensation for the six months ended September 30, 2019, was HKD 2,640,000, compared to HKD 2,028,000 for the same period in 2018, reflecting an increase of approximately 30.2%[173]. Compliance and Risk Management - The group faced minimal foreign exchange risk as most transactions, assets, and liabilities were denominated in HKD[46]. - The group has no significant contingent liabilities or capital commitments as of September 30, 2019[42][43]. - The company has not recognized any impairment for overdue trade receivables due to the good credit quality of the related customers[145]. - The company monitors compliance with covenants and believes that it is unlikely that banks will exercise their rights to demand repayment as long as the company continues to meet these requirements[153]. Miscellaneous - The company has adopted a share option scheme, but no options were granted or exercised during the six months ended September 30, 2019[65]. - There were no significant acquisitions or disposals of subsidiaries and associated companies during the six months ended September 30, 2019[58]. - The company has a defined contribution plan for its eligible employees in Hong Kong, with contributions made according to the specified rates[168]. - The company’s total contributions to the retirement benefit plan were included in the comprehensive income statement[168]. - There were no significant events that required disclosure from September 30, 2019, to the report date[175].

Financial Performance - Revenue for the three months ended June 30, 2019, was HKD 20,434,000, a decrease of 6.5% compared to HKD 21,863,000 for the same period in 2018[10] - Gross profit for the same period was HKD 5,084,000, down 33.0% from HKD 7,607,000 year-on-year[10] - The company reported a loss before tax of HKD 908,000, an improvement from a loss of HKD 3,959,000 in the previous year[10] - Total comprehensive loss for the period was HKD 943,000, compared to a loss of HKD 4,433,000 in the same quarter of 2018[10] - Basic and diluted loss per share was HKD 0.22, compared to HKD 1.16 for the same period last year[10] - The group reported a net loss of HKD 951,000 for the three months ended June 30, 2019, compared to a net loss of HKD 4,525,000 in the same period of 2018[36] - Basic loss per share was HKD 0.0022, based on a weighted average of 440,000 shares for the period[36] - The company recorded a total loss of approximately HKD 900,000 for the three months ended June 30, 2019, compared to a loss of HKD 4,400,000 for the same period in 2018[61] Revenue Breakdown - Revenue from commercial printing services was HKD 12,075,000, down 4.9% from HKD 12,704,000 in the previous year[24] - Revenue from financial printing services decreased by 13.7% to HKD 7,755,000 from HKD 8,986,000 in the prior year[24] - Revenue from commercial printing services decreased by approximately 4.7% from HKD 12,700,000 in the three months ended June 30, 2018, to HKD 12,100,000 in the same period in 2019[41] - Revenue from financial printing services decreased by approximately 13.3% from HKD 9,000,000 in the three months ended June 30, 2018, to HKD 7,800,000 in the same period in 2019[41] - Total revenue decreased by approximately 6.9% from HKD 21,900,000 in the three months ended June 30, 2018, to HKD 20,400,000 in the same period in 2019[48] - Revenue from existing customers decreased by approximately HKD 1,500,000 (or 6.8%) from HKD 21,900,000 to HKD 20,400,000 for the three months ended June 30, 2019[61] Expenses and Costs - The company incurred service costs of HKD 15,350,000, which increased from HKD 14,256,000 in the previous year[10] - Administrative and other operating expenses totaled HKD 5,300,000, compared to HKD 5,106,000 in the same period last year[10] - Financing costs for the three months ended June 30, 2019, amounted to HKD 121,000, an increase from HKD 56,000 in the previous year[31] - Service costs increased by approximately 7.7% from HKD 14,300,000 in the three months ended June 30, 2018, to HKD 15,400,000 in the same period in 2019[49] - Administrative and other operating expenses slightly increased by approximately 3.9% from HKD 5,100,000 in the three months ended June 30, 2018, to HKD 5,300,000 in the same period in 2019[55] - Financing costs increased by approximately 116.1% from HKD 56,000 to HKD 121,000 due to the adoption of HKFRS 16 "Leases"[57] Taxation and Compliance - The income tax expense for the period was HKD 35,000, significantly lower than HKD 474,000 in the same period of 2018[34] - The group’s estimated taxable profits in Hong Kong were provided for at a tax rate of 16.5% for the three months ended June 30, 2019[59] - The group has applied all new and revised Hong Kong Financial Reporting Standards effective from January 1, 2019, including HKFRS 16 on leases[21] - The group has complied with all applicable code provisions of the corporate governance code since the listing date[66] - The Audit Committee was established on April 19, 2018, in compliance with GEM Listing Rules and consists of three independent non-executive directors[89] - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the three months ended June 30, 2019, and found them to be prepared in accordance with applicable accounting standards[89] Strategic Focus and Future Plans - The company is focused on expanding its market presence and enhancing its product offerings[10] - Future strategies include exploring new technologies and potential acquisitions to drive growth[10] - The company plans to strengthen existing customer relationships and develop new ones to achieve sustainable organic growth[45] - The company aims to upgrade hardware and software for financial printing services as part of its business expansion strategy[45] Shareholder Information - Mr. Su Yongqiang holds 330,000,000 shares, representing 75% of the issued share capital[75] - The company’s major shareholder, Guanshuang, holds 330,000,000 shares, also representing 75% of the issued share capital[81] - Guanshuang is legally and beneficially owned 90% by Caibei, which is 100% owned by Mr. Su[77] - No directors or senior management held any other interests in the company’s shares or related securities as of June 30, 2019[79] - The company confirmed compliance with a non-competition agreement among its major shareholders[85] Other Information - The company does not recommend the payment of an interim dividend for the three months ended June 30, 2019[38] - The company did not incur any listing expenses for the three months ended June 30, 2019, compared to HKD 6,300,000 for the same period in 2018[58] - No significant investments, acquisitions, or disposals of subsidiaries or associates were made during the three months ended June 30, 2019[64] - The compliance advisor was changed from Jianquan Financing Limited to Dejian Financing Limited effective July 31, 2019[88] - The company has not granted or exercised any share options under the share option scheme during the three months ended June 30, 2019[72] - As of June 30, 2019, the company or its subsidiaries did not purchase, sell, or redeem any listed securities[75]

Financial Performance - The group's revenue for the year ended March 31, 2019, was approximately HKD 74 million, a decrease of about 8.2% compared to HKD 80.6 million for the year ended March 31, 2018, primarily due to a decline in revenue from commercial printing services and other services [9]. - Revenue from commercial printing services decreased by approximately 15.8% from HKD 55,200,000 for the year ended March 31, 2018, to HKD 46,500,000 for the year ended March 31, 2019 [21]. - Revenue from financial printing services increased by approximately 11.9% from HKD 23,500,000 for the year ended March 31, 2018, to HKD 26,300,000 for the year ended March 31, 2019 [22]. - Total revenue decreased by approximately 8.2% from HKD 80,610,000 for the year ended March 31, 2018, to HKD 73,976,000 for the year ended March 31, 2019 [19]. - Gross profit decreased by approximately 20.7% from HKD 25,452,000 for the year ended March 31, 2018, to HKD 20,180,000 for the year ended March 31, 2019 [26]. - Gross margin decreased from approximately 31.6% for the year ended March 31, 2018, to 27.3% for the year ended March 31, 2019 [26]. - The company recorded a total comprehensive loss of approximately HKD 7,600,000 for the year ended March 31, 2019, compared to a loss of approximately HKD 8,600,000 for the previous year [35]. Operational Strategies - The company aims to expand its market share and strengthen its market position through strategies such as consolidating existing customer relationships and developing new ones, purchasing permanent office properties for financial printing services, upgrading hardware and software, and attracting top industry talent [10]. - The company plans to expand market share and strengthen its market position through strategies such as consolidating existing customer relationships and upgrading hardware and software for financial printing services [16]. - The company is focused on expanding its market presence and enhancing its operational efficiency through strategic management [69]. - The company aims to enhance and strengthen marketing activities as part of its strategic objectives [54]. Corporate Governance - The company has adhered to all applicable corporate governance codes since its listing on May 11, 2018, with some exceptions noted [75]. - The roles of Chairman and CEO are held by the same individual, Mr. Su Yongqiang, which the board believes provides strong leadership and effective strategic planning [76]. - The board consists of five experienced members, including two executive directors and three independent non-executive directors, ensuring a balanced decision-making process [76]. - The company has established internal guidelines requiring board approval for significant operational and investment decisions [84]. - The board is responsible for overseeing the company's operations and ensuring management aligns with shareholders' best interests [84]. - The company has a structured approach to corporate governance, with various committees overseeing different aspects of operations [67]. - The audit committee was established on April 19, 2018, and has held four meetings since the company's listing date on May 11, 2018 [92]. - The remuneration committee, also formed on April 19, 2018, has conducted three meetings during the reporting period, reviewing the remuneration policies for directors and senior management [96]. - The nomination committee, established on April 19, 2018, has held three meetings and evaluated the independence of non-executive directors [99]. - The company has adopted a board diversity policy, which includes criteria such as gender, age, cultural background, and professional experience [100]. Financial Position - The company's total borrowings were approximately HKD 5,200,000 as of March 31, 2019, down from approximately HKD 7,300,000 in the previous year [38]. - Cash and bank balances increased significantly to approximately HKD 62,100,000 from approximately HKD 10,400,000 year-on-year [39]. - The current ratio improved to approximately 4.7 times as of March 31, 2019, compared to approximately 1.6 times in the previous year [38]. - The debt-to-equity ratio was zero as of March 31, 2019, indicating that cash and cash equivalents exceeded total liabilities [38]. - The net current assets were approximately HKD 69,500,000 as of March 31, 2019, compared to approximately HKD 14,100,000 in the previous year [39]. Risk Management - The company is exposed to risks from the digitalization of information, which may reduce demand for printed materials and affect financial performance [50]. - The company has established risk management procedures, including risk identification, assessment, and mitigation measures [114]. - The board confirmed the effectiveness and adequacy of the internal control and risk management systems as of March 31, 2019 [113]. - The audit committee reviewed the internal control system and found it effective and sufficient for the year ended March 31, 2019 [116]. Employee and Talent Management - The company has hired experienced sales personnel, with three sales staff recruited in 2018 to support operational growth [55]. - The group had 105 employees in Hong Kong as of March 31, 2019, an increase from 100 employees in 2018 [142]. - The group has implemented a stock option plan to attract and retain talent [142]. - The company has adopted a share option scheme on April 19, 2018, aimed at incentivizing and retaining skilled personnel [190]. Shareholder Relations - The company is committed to enhancing investor relations and welcomes feedback from investors and stakeholders [124]. - The company has established multiple communication channels with shareholders, including printed corporate communications and regular updates on its website [124]. - The company has maintained good relationships with customers and suppliers, with no complaints or debt disputes reported as of March 31, 2019 [139]. Legal and Compliance - There have been no significant legal or regulatory violations affecting the company's operations as of March 31, 2019 [138]. - The company emphasizes its responsibility for environmental protection and compliance with relevant laws and regulations [137].

Financial Performance - For the three months ended December 31, 2018, the group's revenue was HKD 13,564,000, a decrease of 21.5% compared to HKD 17,213,000 for the same period in 2017[5]. - The gross profit for the nine months ended December 31, 2018, was HKD 15,518,000, down 6.9% from HKD 16,664,000 in the same period of 2017[5]. - The group reported a loss before tax of HKD 4,550,000 for the three months ended December 31, 2018, an improvement of 35.5% compared to a loss of HKD 7,049,000 in the same period of 2017[5]. - The total comprehensive loss for the nine months ended December 31, 2018, was HKD 6,586,000, a reduction of 22.1% from HKD 8,469,000 in the same period of 2017[5]. - Basic and diluted loss per share for the three months ended December 31, 2018, was HKD 0.87, compared to HKD 2.03 for the same period in 2017[8]. - The group reported a net loss of HKD 2,172,000 for the three months ended December 31, 2018, compared to a net loss of HKD 2,195,000 for the same period in 2017[50]. - The total comprehensive loss for the nine months ended December 31, 2018, was approximately HKD 6,600,000, compared to a loss of approximately HKD 8,500,000 for the same period in 2017[94]. Revenue Breakdown - Revenue from commercial printing services for the three months ended December 31, 2018, was HKD 10,982,000, a decrease of 17.5% compared to HKD 13,307,000 for the same period in 2017[42]. - Financial printing services revenue for the nine months ended December 31, 2018, increased to HKD 19,857,000, up 10.8% from HKD 17,912,000 in the same period of 2017[42]. - Total revenue for the nine months ended December 31, 2018, was HKD 55,935,000, a decrease of 6.8% compared to HKD 59,958,000 for the same period in 2017[42]. - Revenue from commercial printing services decreased by approximately 12.8% from HKD 40,200,000 for the nine months ended December 31, 2017, to HKD 35,000,000 for the nine months ended December 31, 2018[63]. - Revenue from financial printing services increased by approximately 10.9% from HKD 17,900,000 for the nine months ended December 31, 2017, to HKD 19,900,000 for the nine months ended December 31, 2018[63]. - Total revenue decreased by approximately 6.7% from HKD 60,000,000 for the nine months ended December 31, 2017, to HKD 55,900,000 for the nine months ended December 31, 2018[77]. Expenses and Costs - The group incurred administrative and other operating expenses of HKD 15,258,000 for the nine months ended December 31, 2018, an increase of 15.9% from HKD 13,141,000 in the same period of 2017[5]. - Total employee costs for the nine months ended December 31, 2018, amounted to HKD 21,771,000, slightly up from HKD 21,362,000 in the same period of 2017[50]. - The cost of inventories for the nine months ended December 31, 2018, was HKD 40,417,000, down from HKD 43,294,000 for the same period in 2017[50]. - Selling expenses decreased by approximately 4.0% to HKD 1,485,000 for the nine months ended December 31, 2018, from HKD 1,547,000 for the same period in 2017, due to a reduction in sales commissions[86]. - Administrative and other operating expenses increased by approximately 16.1% to HKD 15,300,000 for the nine months ended December 31, 2018, from HKD 13,100,000 for the same period in 2017, primarily due to additional administrative costs post-listing[88]. - Financing costs decreased by approximately 25.9% to HKD 169,000 for the nine months ended December 31, 2018, from HKD 228,000 for the same period in 2017, mainly due to the repayment of bank loans[89]. Shareholder Information - The company declared a dividend of HKD 1,000,000, of which HKD 150,000 is attributable to non-controlling interests[13]. - On May 11, 2018, the company issued 110,000,000 new ordinary shares at HKD 0.6 per share, raising a total of HKD 66,000,000[13]. - The company authorized the issuance of 329,999,999 shares at par value of HKD 0.01, capitalizing HKD 3,299,999.99 from the share premium account[14]. - Mr. Su holds 330 million shares, representing 75% of the issued share capital[112]. - As of December 31, 2018, the major shareholder, Guan Shuang, holds 330,000,000 shares, representing 75% of the issued share capital[124]. - Cai Bei, which is 90% owned by Guan Shuang, is also considered to have the same 75% stake in the company[124]. Corporate Governance - The chairman and CEO roles are held by the same individual, Mr. Su, which the group believes provides strong leadership[106]. - The group has complied with all applicable corporate governance code provisions since its listing date[103]. - The Audit Committee, formed on April 19, 2018, consists of three independent non-executive directors and has reviewed the financial statements for the nine months ending December 31, 2018[131]. - The company has confirmed compliance with the non-competition agreement established by its controlling shareholders, ensuring no engagement in competitive businesses[128]. - The company has maintained a 100% beneficial ownership of Cai Bei by Mr. Su, who is also considered to have interests in Guan Shuang[124]. Future Plans and Strategies - The group plans to explore new market expansion strategies and product development initiatives to enhance future performance[5]. - The company aims to expand market share by strengthening existing customer relationships and developing new ones[66]. - The company plans to purchase permanent office properties for financial printing services to support business expansion[66]. - The company intends to upgrade hardware and software for financial printing services to enhance operational efficiency[66]. Compliance and Accounting Standards - The company’s financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards and GEM Listing Rules[19]. - The adoption of HKFRS 9 did not have a significant impact on the company’s accounting policies for financial liabilities and assets[23]. - The expected credit loss model under HKFRS 9 requires the recognition of credit losses based on expected rather than incurred losses[24]. - The company measures loss provisions based on expected credit losses over the lifetime of financial instruments[25]. - The adoption of HKFRS 9 did not have a significant impact on the group’s consolidated financial statements[31].