Financial Performance - For the six months ended November 30, 2022, the Group reported revenue of RM 16,370,000, an increase of 81.5% compared to RM 9,025,000 for the same period in 2021[15]. - Gross profit for the same period was RM 3,670,000, representing a significant increase from RM 1,259,000 in the prior year, reflecting a gross margin improvement[16]. - Profit before taxation for the six months was RM 674,000, compared to a loss of RM 881,000 in the corresponding period of 2021, indicating a turnaround in financial performance[16]. - The profit for the period from continuing operations was RM 307,000, a recovery from a loss of RM 912,000 in the same period last year[16]. - For the six months ended 30 November 2022, the profit for the period was RM 305,000, compared to a loss of RM 913,000 in the same period of 2021, indicating a significant turnaround[17]. - The Group recorded a net profit of approximately RM 307,000 for the six months ended 30 November 2022[126]. - The company reported a profit before taxation of RM 672,000 for the six months ended November 30, 2022, compared to a loss before taxation of RM 882,000 in the same period of 2021[54]. Revenue Sources - The segment revenue from manufacturing and trading of precast concrete junction boxes was RM 12,375,000, contributing significantly to the overall revenue[52]. - The external sales of health supplement products amounted to RM 3,231,000, showing a positive contribution to the revenue[52]. - Revenue from the manufacturing and trading of precast concrete junction boxes increased by approximately 61.64%, from RM7.6 million to RM12.4 million during the same period[111]. - Sales of health supplements commenced in May 2022, contributing approximately RM3.2 million for the period ended 30 November 2022[113]. Expenses and Costs - The Group's administrative expenses increased to RM 2,941,000 from RM 1,856,000, reflecting investments in operational capacity and infrastructure[16]. - Administrative expenses for the period totaled RM 2,943,000, which impacted the overall profit before taxation of RM 672,000[52]. - The cost of sales increased by approximately 63.53%, from RM7.8 million to RM12.7 million, primarily due to the increase in revenue from precast concrete junction boxes[118]. - Selling and distribution expenses increased by approximately 24.83%, from RM439,000 to RM548,000[125]. Cash Flow and Liquidity - The total cash and cash equivalents at the end of the period stood at RM22,391,000, an increase from RM21,250,000 at the end of the previous period[28]. - The company reported a net increase in cash and cash equivalents of RM534,000, contrasting with a decrease of RM(871,000) in the same period last year[28]. - The Group's current ratio improved to 5.11 as of 30 November 2022, indicating strong liquidity[135]. - As of November 30, 2022, the Group's cash and cash equivalents were approximately RM 23.5 million, an increase from RM 22.8 million as of May 31, 2021[138]. - The Group had no borrowings as of November 30, 2022, consistent with the previous year[138]. Assets and Equity - Total non-current assets decreased to RM 5,598,000 as of 30 November 2022, down from RM 6,215,000 as of 31 May 2022[19]. - Current assets increased to RM 38,101,000 as of 30 November 2022, compared to RM 35,479,000 as of 31 May 2022[19]. - Total equity increased to RM 35,134,000 as of 30 November 2022, compared to RM 32,914,000 as of 31 May 2022[20]. - The Group's equity attributable to owners was approximately RM 29.7 million as of November 30, 2022, compared to RM 28.4 million as of May 31, 2021[139]. Share Capital and Financing - The company issued new ordinary shares, raising RM 1,768,000 during the six months ended 30 November 2022[24]. - The Group's issued and fully paid share capital increased to RM5,438,000 as of November 30, 2022, from RM4,501,000 as of May 31, 2022, reflecting an increase of approximately 20.8%[98]. - The Group completed a placement of 20,646,000 shares at a price of HK$0.151 per share, raising gross proceeds of HK$3,117,546 (approximately RM1,768,000) on July 8, 2022[100]. Risks and Challenges - The Group faces operational risks due to fluctuations in the prices of major raw materials, which may adversely impact financial results[178]. - The Group's cash inflow is dependent on prompt settlement of payments from customers, exposing it to credit and liquidity risks[181]. - The management has a reserved view on the current timetable for expanding production capacity due to COVID-19 and changes in government in Malaysia[151]. Corporate Governance - The Group has complied with the Corporate Governance Code provisions, except for the separation of roles between the chairman and CEO, which is deemed appropriate under current circumstances[192]. - The Directors do not anticipate any change to the plan regarding the use of proceeds as of the report date[152]. Future Outlook - The Group is focused on expanding its market presence and enhancing product offerings to drive future growth[15]. - Future guidance indicates a positive outlook with expectations of continued revenue growth and improved profitability[15].

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 & 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 & ...

由於在GEM上市之公司一般為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣的證券承受較大的市場波 動風險，同時亦無法保證在GEM買賣的證券會有高流通量之市場。 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 & 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 c ...

2021 Third Quarterly Report 第三季業績報告 SK Target Cover 148(w) x 210(h)mm CHARACTERISTICS OF THE GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small & 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 co ...

2021 Interim Report 中期報告 SK Target Cover 148(w) x 210(h)mm CHARACTERISTICS OF THE GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small & med-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 ...

Financial Performance - For the three months ended August 31, 2021, the revenue was RM 2,628,000, a decrease of 44.9% compared to RM 4,766,000 in the same period of 2020[15]. - The cost of sales for the same period was RM 2,701,000, resulting in a gross loss of RM 73,000, compared to a gross profit of RM 923,000 in 2020[16]. - Loss before taxation for the period was RM 1,209,000, significantly higher than the loss of RM 145,000 reported in the previous year[16]. - The total comprehensive loss for the period was RM 1,160,000, compared to RM 534,000 in the corresponding period of 2020[17]. - Loss per share from continuing operations was RM 1.23, compared to RM 0.31 in the previous year[17]. - The company reported a profit of RM 40,000 from discontinued operations, an increase from RM 15,000 in the same period of 2020[16]. - The company reported a loss for the period of RM 1,170,000 for the three months ended August 31, 2021, compared to a loss of RM 255,000 for the same period in the previous year[19]. - The accumulated loss increased to RM 6,286,000 as of August 31, 2021, up from RM 5,116,000 as of May 31, 2021[19]. - The total comprehensive loss for the period ended August 31, 2021, was RM 1,160,000, which includes an exchange difference gain of RM 10,000[19]. - The Group recorded a net loss of approximately RM 1.2 million for the three months ended August 31, 2021, primarily due to decreased revenue caused by COVID-19 and related measures[84]. Revenue Breakdown - Manufacturing and trading segment revenue decreased to RM 2,010,000 from RM 3,677,000, representing a decline of 45.4% year-over-year[37]. - Revenue for the three months ended 31 August 2021 was RM 2,628,000, a decrease of 44.9% compared to RM 4,766,000 for the same period in 2020[37]. - Revenue from the manufacturing and trading of precast concrete junction boxes decreased by approximately 45.34%, from RM 3.7 million to RM 2.0 million during the same period[71]. - Revenue from the trading of accessories and pipes and mobile crane rental services decreased by approximately 42.46%, from RM 1.1 million to RM 0.6 million[72]. Expenses and Costs - Administrative expenses increased slightly to RM 989,000 from RM 966,000 year-on-year[16]. - The cost of inventories recognized as an expense was RM 1,938,000, down from RM 2,812,000, reflecting a decrease of 31.0%[48]. - Selling and distribution expenses decreased by approximately RM 9,000 or 4.17%, from RM 216,000 to RM 207,000, mainly due to a decrease in commission[82]. - Interest expense on leased liabilities decreased to RM 18,000 from RM 37,000, a reduction of 51.4% year-over-year[40]. Equity and Share Capital - As of August 31, 2021, the total equity of SK Target Group Limited is RM 32,428,000, a decrease from RM 33,558,000 as of May 31, 2021, reflecting a comprehensive loss for the period[19]. - The share capital remained unchanged at RM 4,277,000 from May 31, 2021, while the share premium increased to RM 26,444,000[19]. - The weighted average number of ordinary shares for calculating basic loss per share increased to 98,025,000 from 86,025,000 due to share consolidation effective on 18 August 2021[52]. Corporate Governance and Compliance - The Company has complied with the Corporate Governance Code provisions, except for the separation of the roles of chairman and CEO, which is deemed appropriate under current circumstances[123]. - The Company has established an Audit Committee to oversee financial statements and internal control procedures[152]. - The audit committee has been established in accordance with GEM Listing Rules and is responsible for reviewing the company's financial statements and overseeing internal control procedures[155]. - The audit committee consists of three members, with Mr. Chu Kin Ming serving as the chairman[156]. Future Outlook and Management Commentary - The company continues to focus on improving operational efficiency and exploring new market opportunities despite the current financial challenges[15]. - The management is cautiously optimistic about the overall business prospects as Malaysia's economy is expected to slowly recover with the national COVID-19 immunisation programme[67]. - The management will closely monitor factors such as labor shortages and rising production costs that may impact business operations[66]. Share Options and Capital Raising - The Share Option Scheme was adopted on June 27, 2017, and is valid for ten years to attract and retain personnel[125]. - No share options were granted, exercised, lapsed, or cancelled under the Share Option Scheme as of August 31, 2021[140]. - The Company raised approximately HK$4.96 million through a share subscription completed on March 11, 2021, for general working capital, which was used as intended[119]. - An additional HK$1.85 million was raised through a share subscription completed on September 1, 2021, also for general working capital, and was used as intended up to the report date[119].

CHARACTERISTICS OF THE GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small & med-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 the GEM are generally ...

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 & 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 & ...

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 & 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 and ...

CHARACTERISTICS OF THE GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small & 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 the GEM are generally ...