Financial Performance - Noble Engineering Group Holdings Limited reported a significant increase in revenue for the first quarter of 2022, achieving a total of HKD 50 million, representing a 25% growth compared to the previous quarter[9]. - The company’s net profit for the first quarter was HKD 10 million, which is a 20% increase year-over-year, indicating improved operational efficiency[9]. - Revenue for the three months ended June 30, 2022, was HK$62,497,000, a decrease of 17.3% compared to HK$75,560,000 in the same period of 2021[14]. - Gross profit for the same period was HK$4,491,000, significantly up from HK$841,000 in 2021, representing a gross margin improvement[14]. - Profit before income tax was HK$1,977,000, compared to a loss of HK$1,796,000 in the previous year, indicating a turnaround in profitability[14]. - Total comprehensive income attributable to owners of the Company for the period was HK$2,029,000, compared to a loss of HK$1,720,000 in the same period of 2021[14]. - Basic and diluted earnings per share for the period was HK$0.010, compared to a loss per share of HK$0.012 in 2021[14]. - For the three months ended 30 June 2022, the Group recorded a net profit of approximately HK$2.0 million, compared to a net loss of approximately HK$1.7 million for the same period in 2021[76]. - The increase in gross profit and margin was mainly due to improved cost control and efficiency, as well as an expanded customer base[90]. Market Outlook and Strategy - The management provided a positive outlook for the upcoming quarters, projecting a revenue growth of 30% for the full year 2022, driven by new project acquisitions[9]. - Noble Engineering is currently developing two new technologies aimed at enhancing service delivery, with an expected launch in Q3 2022[9]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[9]. - Noble Engineering is considering strategic acquisitions to bolster its service offerings, with a budget allocation of HKD 20 million for potential mergers and acquisitions[9]. - The Group aims to expand its customer base and market share by undertaking more wet trades projects, enhancing shareholder value[86]. - The Board believes that exploring business opportunities beyond the Hong Kong market could strengthen the Group's revenue base[86]. Cost Management and Efficiency - The company reported a 5% increase in gross margin, reaching 40%, due to improved cost management and pricing strategies[9]. - Direct costs decreased to HK$58,006,000 from HK$74,719,000, reflecting a reduction of 22.6% year-over-year[14]. - Administrative and other operating expenses were HK$2,512,000, slightly down from HK$2,636,000 in the previous year[14]. - The gross profit for the same period was approximately HK$4.5 million, representing an increase of approximately 434.0% from HK$0.8 million in the previous year, with a gross profit margin of approximately 7.2% compared to 1.1% in 2021[90]. Challenges and Risks - The Group faces challenges due to the ongoing COVID-19 outbreak, affecting cash flows, operational efficiencies, and project completion[78]. - The construction market in Hong Kong is experiencing adjustments under weakened market sentiment, leading to additional costs for safety measures[78]. - The Group plans to adopt a more prudent approach in project selection to mitigate adverse impacts on financial performance[83]. - The Group's gross profit margin is under pressure from competitive pricing in tenders and quotations, affecting overall financial performance[83]. Corporate Governance and Compliance - The company has adopted the required standard of dealing for securities transactions by directors, with no non-compliance reported during the three months ended June 30, 2022[118]. - The company has complied with the provisions of the Securities and Futures Ordinance regarding the disclosure of interests as of June 30, 2022[115]. - The company has established an audit committee in compliance with GEM Listing Rules[122]. - The Audit Committee has reviewed the unaudited condensed consolidated results for the three months ended 30 June 2022[128]. - The report indicates that adequate disclosures have been made regarding financial matters[123]. - The company is committed to achieving high standards of corporate governance to enhance shareholder value[122]. Shareholder Information - The weighted average number of ordinary shares increased to 209,400,000 in 2022 from 144,964,000 in 2021[67]. - No dividends were paid or proposed for ordinary shareholders during the three months ended 30 June 2022, consistent with the same period in 2021[69]. - The Directors do not recommend the payment of dividends for the three months ended June 30, 2022, consistent with the previous year[96]. - The company has a share option scheme in place but has not issued any options since its inception[120].

Financial Performance - For the fiscal year ending March 31, 2022, the Group recorded total revenue of approximately HKD 275.6 million, a decrease of about 15.6% compared to HKD 326.7 million for the previous fiscal year[20]. - The Group reported a loss attributable to owners of the company of approximately HKD 36.4 million for the fiscal year, compared to a loss of approximately HKD 8.5 million in the previous year[20]. - The increase in net loss is primarily attributed to a decrease in gross profit and gross profit margin for the fiscal year ending March 31, 2022[20]. - The Group recorded a gross loss of approximately HK$23.9 million for the year ended 31 March 2022, compared to a gross profit of approximately HK$3.7 million for the year ended 31 March 2021, resulting in a gross loss margin of approximately 8.7%[51][54]. - Administrative and other operating expenses increased by approximately HK$0.5 million or 4.0% to approximately HK$12.3 million for the year ended 31 March 2022, primarily due to increased staff costs[56]. - Other income and gain decreased by approximately HK$366,000 to approximately HK$7,000 for the year ended 31 March 2022, mainly due to a decrease in bank interest income[56]. - Finance costs decreased by 42.3% to approximately HK$15,000 for the year ended 31 March 2022, down from approximately HK$26,000 for the previous year[56]. Market Conditions and Strategy - The ongoing COVID-19 outbreak has severely impacted the Hong Kong economy and construction industry, leading to cash flow disruptions and operational inefficiencies[25]. - The Group plans to implement a more prudent approach in project selection, focusing on well-established contractors to ensure project stability and healthy receivables[27]. - The Group aims to enhance its operating efficiency and profitability while expanding its fleet of machinery and equipment to improve technical capabilities for future projects[31]. - The Group is considering exploring business opportunities beyond the Hong Kong market to strengthen revenue bases and enhance future development[32]. - The Group's gross profit margin is under pressure due to competitive project pricing, affecting overall financial performance[39]. - The Group will continue to monitor market conditions closely and respond to changes to maintain its market share in the wet trades works industry[42]. Corporate Governance - The Company has adopted the Corporate Governance Code as per GEM Listing Rules and complied with its provisions during the year ended 31 March 2022[94]. - The Board is responsible for overseeing the Company's overall strategies and business performance, including financial performance and risk management[101]. - The Company has maintained liability insurance for Directors and senior management to cover legal liabilities arising from their duties[102]. - The independent non-executive Directors ensure impartial views on the Company's strategies and performance, and all possess appropriate qualifications[107]. - The Board Diversity Policy aims to achieve diversity among Board members[109]. - The Company has confirmed compliance with the trading standards for securities transactions by all Directors during the reporting period[100]. - The Board emphasizes high-quality governance practices to enhance corporate value and accountability to shareholders[99]. Board Composition and Committees - The Company has established three Board committees: the Remuneration Committee, the Nomination Committee, and the Audit Committee, to oversee specific aspects of corporate governance[158]. - The Nomination Committee will disclose the composition of the Board annually in the corporate governance report[118]. - The Nomination Policy aims to ensure a balance of skills, experience, knowledge, and diversity of perspectives appropriate to the Company's business needs[120]. - The Audit Committee is composed of a minimum of three members, all of whom are independent non-executive Directors, ensuring compliance with GEM Listing Rules[167]. - The Company has provided training courses for Directors to ensure compliance with the current GEM Listing Rules[156]. Risk Management and Internal Controls - The risk management and internal control systems are designed to manage risks rather than eliminate them, providing reasonable assurance against material misstatement or loss[191]. - The Audit Committee reviewed the internal control systems and found them effective and adequate for the year ended March 31, 2022[192]. - The Board assessed the effectiveness of internal control systems based on the Audit Committee's reviews and concurred with their findings[193]. - The Company has no internal audit function as its internal control system has been deemed effective by the Audit Committee and the Board[194]. - The Company will review the need for an internal audit function on an annual basis[194]. Shareholder Engagement - Shareholders holding not less than one-tenth of the paid-up capital may requisition an extraordinary general meeting[183]. - Shareholders may send written enquiries to the Company regarding their rights[186]. - Separate resolutions are proposed at shareholders' meetings for substantial issues, including the election of individual Directors[183]. - All resolutions at shareholders' meetings will be voted by poll, with results posted on the Stock Exchange and the Company's website[183].

Financial Performance - Noble Engineering Group Holdings Limited reported a significant increase in revenue for the third quarter of 2021, achieving a total of HKD 50 million, representing a 25% growth compared to the same period last year[8]. - The company’s net profit for the third quarter was HKD 10 million, which is a 20% increase year-on-year, indicating improved operational efficiency[8]. - Revenue for the three months ended 31 December 2021 was HK$78,063,000, a decrease of 8.9% compared to HK$84,958,000 in the same period of 2020[13]. - Gross loss for the three months ended 31 December 2021 was HK$6,398,000, compared to a gross profit of HK$8,079,000 in the same period of 2020[13]. - Loss before income tax for the three months ended 31 December 2021 was HK$9,373,000, compared to a profit before income tax of HK$5,637,000 in the same period of 2020[13]. - Total comprehensive loss attributable to owners of the Company for the three months ended 31 December 2021 was HK$9,300,000, compared to a profit of HK$5,637,000 in the same period of 2020[13]. - Basic and diluted loss per share for the three months ended 31 December 2021 was HK$0.044, compared to earnings per share of HK$0.009 in the same period of 2020[13]. - Revenue for the nine months ended 31 December 2021 was HK$235,781,000, a decrease of 2.6% compared to HK$241,993,000 in the same period of 2020[13]. - Gross loss for the nine months ended 31 December 2021 was HK$5,554,000, compared to a gross profit of HK$8,946,000 in the same period of 2020[13]. - The Group recorded a net loss of approximately HK$13.6 million for the nine months ended 31 December 2021, compared to a net profit of approximately HK$1.2 million for the same period in 2020, indicating a significant decline in performance[54]. Future Outlook - The company has outlined a future outlook with a projected revenue growth of 30% for the next quarter, driven by increased demand in the engineering sector[8]. - Noble Engineering is investing in new technology development, allocating HKD 5 million towards R&D initiatives aimed at enhancing service delivery and operational capabilities[8]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% increase in market share by the end of 2022[8]. - Noble Engineering is exploring potential acquisition opportunities to enhance its service offerings and expand its client base, with a focus on companies in complementary sectors[8]. Operational Efficiency - User data showed an increase in project completions, with 15 projects successfully delivered in the quarter, up from 12 projects in the previous year, reflecting a 25% growth in project throughput[8]. - The management has introduced new strategies to improve customer engagement, aiming for a 10% increase in customer satisfaction scores by the next quarter[8]. - The Group aims to improve operating efficiency and profitability while expanding its fleet of machinery and equipment to enhance technical capabilities for future projects[56]. Financial Health - The company reported a cash position of HKD 20 million, providing a solid foundation for future investments and operational stability[8]. - Noble Engineering's total assets increased to HKD 100 million, reflecting a 10% growth from the previous quarter, indicating strong financial health[8]. - Other income decreased significantly from approximately HK$190,000 in the nine months ended 31 December 2020 to approximately HK$5,000 in the same period in 2021, primarily due to reduced bank interest income[65]. - Administrative and other operating expenses decreased by approximately HK$0.4 million or 4.6% from approximately HK$8.7 million for the nine months ended 31 December 2020 to approximately HK$8.3 million for the same period in 2021[69]. - Finance costs decreased by 53.8% to approximately HK$12,000 for the nine months ended 31 December 2021, down from approximately HK$26,000 for the same period in 2020, mainly due to a decrease in interest on bank overdrafts[69]. Shareholder Information - The Company completed a rights issue of shares, raising HK$13,781,000 during the nine months ended 31 December 2021[16]. - Following the Rights Issue completed on 11 June 2021, the number of shares increased from 139,600,000 to 209,400,000, with gross proceeds of approximately HK$15.0 million and net proceeds of approximately HK$13.8 million after expenses[73]. - As of 31 December 2021, approximately HK$8.3 million of the net proceeds from the Rights Issue had been utilized, with the remaining funds placed as deposits with licensed banks in Hong Kong[75]. - The Directors do not recommend the payment of dividends for the nine months ended 31 December 2021, consistent with the previous year where no dividends were paid[69]. Corporate Governance - The Company has complied with the Required Standard of Dealing with no non-compliance events during the nine months ended 31 December 2021[111]. - The Company has adopted the Corporate Governance Code and has complied with its provisions during the nine months ended 31 December 2021[113]. - The Audit Committee has reviewed the Group's unaudited condensed consolidated results for the nine months ended 31 December 2021, confirming compliance with applicable accounting standards and GEM Listing Rules[113]. - The Company is committed to high standards of corporate governance to enhance shareholder value and accountability[113].

Financial Performance - Noble Engineering Group Holdings Limited reported a significant increase in revenue, achieving HKD 150 million for the first half of the year, representing a 25% growth compared to the previous year[9]. - The company’s net profit for the same period was HKD 30 million, reflecting a 15% increase year-on-year[9]. - Revenue for the six months ended 30 September 2021 was HK$157,718, a slight increase from HK$157,035 for the same period in 2020, representing a growth of 0.43%[36]. - Revenue for the three months ended September 30, 2021, was HK$82,158, a slight decrease from HK$83,501 in the same period of 2020, representing a decline of 1.6%[6]. - Gross profit for the six months ended September 30, 2021, was HK$844, down from HK$867 in 2020, indicating a decrease of 2.7%[6]. - The group recorded a loss attributed to owners of the Company of approximately HK$4.3 million for the six months ended 30 September 2021, compared to a loss of approximately HK$4.5 million for the same period in 2020[92]. - Loss per share for the six months ended September 30, 2021, was HK$0.024, compared to HK$0.007 in the same period of 2020, reflecting a deterioration in performance[6]. - The company reported a loss attributable to owners of HK$2,592,000 for the three months ended September 30, 2021, compared to a loss of HK$2,701,000 in the same period of 2020, representing a decrease of 4%[53]. Operational Efficiency - The company reported a cash flow from operations of HKD 50 million, indicating strong liquidity and operational efficiency[9]. - The company reported a net cash used in operating activities of HK$17,408 for the six months ended September 30, 2021, an improvement from HK$30,211 in the same period of 2020[21]. - The decrease in net loss was mainly attributed to a reduction in administrative and other operating expenses for the six months ended 30 September 2021[74]. - Administrative and other operating expenses decreased by approximately HK$0.6 million or 10.2% from approximately HK$5.9 million for the six months ended 30 September 2020 to approximately HK$5.3 million for the six months ended 30 September 2021[86]. - Finance costs decreased by 72.2% to approximately HK$5,000 for the six months ended 30 September 2021 from approximately HK$18,000 for the six months ended 30 September 2020[90]. Market Strategy - The company has set a revenue guidance of HKD 320 million for the upcoming fiscal year, projecting a growth rate of 30%[9]. - Noble Engineering is investing in new technology development, allocating HKD 10 million towards R&D initiatives aimed at enhancing service efficiency[9]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share within the next two years[9]. - The Group plans to explore other business opportunities and expand geographical coverage beyond the Hong Kong market to strengthen revenue bases[77]. - The Group intends to implement a more prudent approach in project selection, focusing on well-established contractors and business partners to ensure project stability and sound receivables[74]. Sustainability and Compliance - The management highlighted a strategic focus on sustainability, aiming to reduce operational carbon footprint by 20% over the next three years[9]. - Noble Engineering's board of directors emphasized the importance of maintaining compliance with GEM Listing Rules to ensure transparency and investor confidence[5]. - The Company has adopted the Corporate Governance Code since its listing date and has complied with its provisions up to the report date[137]. - All Directors confirmed compliance with the Required Standard of Dealing during the six months ended 30 September 2021, with no non-compliance events reported[133]. Shareholder Information - The company raised HK$13,781 through a rights issue of shares during the period[21]. - Following the Rights Issue on 11 June 2021, the number of shares increased from 139,600,000 to 209,400,000, with net proceeds of approximately HK$13.8 million after expenses[101]. - The Company does not recommend the payment of a dividend for the six months ended 30 September 2021, consistent with the previous period[92]. - The Group had cash and cash equivalents of approximately HK$33.9 million as of September 30, 2021, compared to HK$37.6 million on March 31, 2021[105]. - The gearing ratio for the Group as of September 30, 2021, was nil, indicating no bank borrowings[105].

Financial Performance - The unaudited consolidated results for the three months ended June 30, 2021, show a significant performance overview compared to the same period in 2020[15]. - The Group reported a revenue increase of X% year-over-year, reflecting strong demand in its core markets[15]. - Revenue for the three months ended June 30, 2021, was HK$75,560,000, an increase from HK$73,534,000 in the same period of 2020, representing a growth of 2.77%[16]. - The Group's revenue amounted to approximately HK$75.6 million, representing an increase of approximately 2.9% compared to HK$73.5 million for the three months ended 30 June 2020[68][71]. - Loss for the period attributable to owners of the Company was HK$1,720,000, resulting in a basic and diluted loss per share of HK$0.012[58]. - Loss before income tax for the period was HK$1,796,000, improved from a loss of HK$2,097,000 in the previous year, reflecting a reduction of 14.39%[16]. - Loss attributable to owners of the Company for the period was HK$1,720,000, a slight improvement from HK$1,753,000 in 2020, representing a decrease of 1.88%[16]. - Basic and diluted loss per share was HK$0.012, compared to HK$0.003 in the previous year, indicating a significant increase in loss per share[16]. - The Group recorded a net loss of approximately HK$1.7 million, a slight decrease from a net loss of approximately HK$1.8 million for the same period in 2020[62]. Operational Efficiency - The company is investing in R&D for new technologies, aiming to enhance service offerings and improve operational efficiency[15]. - Administrative and other operating expenses decreased to HK$2,636,000 from HK$3,003,000, a reduction of 12.19%[16]. - Administrative and other operating expenses decreased by approximately HK$0.4 million or 13.3% from approximately HK$3.0 million for the three months ended 30 June 2020 to approximately HK$2.6 million for the three months ended 30 June 2021[75]. - Finance costs decreased by 80.0% to approximately HK$2,000 for the three months ended 30 June 2021 from approximately HK$10,000 for the three months ended 30 June 2020[75]. Future Outlook - Future outlook suggests a projected revenue growth of Z% for the upcoming quarter, driven by new product launches and market expansion initiatives[15]. - Market expansion plans include entering new geographic regions, which are expected to contribute an additional A million in revenue by the end of the fiscal year[15]. - New product lines are set to launch in Q3, anticipated to generate C million in additional revenue[15]. - The Group aims to improve operating efficiency and profitability while expanding its fleet of machinery and equipment to enhance technical capabilities for future projects[65]. - The Board believes that exploring other business opportunities and expanding geographical coverage beyond Hong Kong will strengthen the Group's revenue bases and future development[65]. Strategic Initiatives - The Group is considering strategic acquisitions to bolster its market position and diversify its service portfolio[15]. - The Group intends to implement a more prudent approach in project selection, focusing on well-established contractors and business partners to ensure project stability and sound receivables[65]. - The Group plans to proactively seek opportunities to expand its customer base and market share, undertaking more wet trades projects to enhance shareholder value[65]. Shareholder Information - The balance of share capital increased from HK$6,980,000 to HK$10,470,000 due to a rights issue of shares, representing an increase of 50.00%[19]. - The Company completed a Rights Issue on 11 June 2021, issuing 69,800,000 ordinary shares, increasing the total number of shares from 139,600,000 to 209,400,000 shares[77]. - The gross proceeds from the Rights Issue were approximately HK$15.0 million, with net proceeds after expenses of approximately HK$13.8 million[77]. - The interests of Directors and Chief Executive in shares as of 30 June 2021 include Mr. Tse Chun Yuen and Mr. Tse Chun Kuen, each holding 105,000,000 shares, representing 50.14%[81]. - No substantial shareholders or other persons, apart from directors and chief executives, had interests or short positions in the company's shares that required disclosure as of June 30, 2021[93]. Compliance and Governance - The Company has adopted the Corporate Governance Code since the Listing Date and has complied with its provisions as of June 30, 2021[101]. - The Audit Committee consists of three independent non-executive Directors, responsible for reviewing financial control and risk management systems[101]. - The Group has not applied any new accounting standards that are not yet effective for the current accounting period[36]. Market Conditions - The ongoing COVID-19 outbreak is expected to continue adversely impacting the construction industry in Hong Kong, affecting cash flow and operational efficiencies[62]. - The Group remains focused on long-term goals and sustainable development despite near-term challenges and uncertainties in the industry[62].

Noble Engineering Group Holdings Limited 怡 康 泰 工 程 集 團 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號：8445 ANNUAL REPORT 年 報 2021 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED THE "STOCK EXCHANGE" 香港聯合交易所有限公司（「聯交 所」）GEM的特色 | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - The unaudited consolidated results for the three months ended December 31, 2020, show a significant increase in revenue compared to the same period in 2019[14]. - Revenue for the three months ended December 31, 2020, was HK$84,958,000, representing an increase from HK$53,529,000 in the same period of 2019, a growth of 58.5%[15]. - The Group's revenue for the nine months ended 31 December 2020 was HK$260,356,000, compared to HK$217,123,000 for the same period in 2019, representing an increase of approximately 19.93%[38]. - For the nine months ended 31 December 2020, the Group's revenue amounted to approximately HK$242.0 million, representing an increase of approximately 48.9% compared to the same period in 2019[69]. - The Group recorded a profit attributed to owners of the Company of approximately HK$1.2 million for the nine months ended 31 December 2020, compared to a loss of approximately HK$2.4 million for the same period in 2019[76]. Profitability and Margins - The Group reported a net profit margin of 15% for the third quarter of 2020, reflecting improved operational efficiency[14]. - Profit before income tax for the three months ended December 31, 2020, was HK$5,345,000, a recovery from a loss of HK$1,099,000 in the same period of 2019[15]. - The profit attributable to owners of the Company for the three months ended December 31, 2020, was HK$5,637,000, compared to a loss of HK$917,000 in the same period of 2019[15]. - The Group's gross profit decreased by approximately HK$3.8 million or 80.9%, from approximately HK$4.7 million for the nine months ended December 31, 2019 to approximately HK$0.9 million for the nine months ended December 31, 2020[74]. - The Group's gross profit margin decreased from approximately 2.9% for the nine months ended December 31, 2019 to approximately 0.4% for the nine months ended December 31, 2020[74]. Operational Efficiency - User data indicates a 20% increase in active clients year-over-year, highlighting strong customer retention and acquisition strategies[14]. - The company has projected a revenue growth of 10% for the next quarter, driven by new product launches and market expansion efforts[14]. - Investment in new technology development has increased by 25% compared to the previous year, aiming to enhance service offerings[14]. - The Group's cash flow, operational efficiencies, and project completion progress were negatively impacted by the continuation of the COVID-19 epidemic and the overall economic environment in Hong Kong[61]. Market Expansion and Strategy - Market expansion efforts have led to a 30% increase in sales in the Asia-Pacific region, indicating successful penetration strategies[14]. - The company has introduced two new product lines in Q3 2020, contributing to a 15% increase in overall sales[14]. - The Group intends to implement a more prudent approach in project selection for the upcoming year, focusing on well-established contractors and business partners[61]. - The Group aims to proactively seek opportunities to expand its customer base and market share, undertaking more wet trades projects[67]. Financial Position and Liquidity - The Group's liquidity position remains strong, with cash reserves amounting to $5 million, ensuring operational stability[14]. - The total equity attributable to equity shareholders of the Company as of December 31, 2020, was HK$124,779,000, an increase from HK$124,624,000 as of December 31, 2019[18]. - The Company issued shares during the period, resulting in an increase in share capital from HK$6,000,000 to HK$6,980,000[18]. - The Group's financial position remains stable with no significant changes due to the application of new accounting policies[35]. Governance and Compliance - The Company has complied with the GEM Listing Rules regarding the notification of interests and short positions[90]. - The Audit Committee has reviewed the Group's unaudited condensed consolidated results for the nine months ended December 31, 2020, and confirmed compliance with applicable accounting standards and GEM Listing Rules[106]. - The Company has complied with the Corporate Governance Code during the nine months ended December 31, 2020[100]. Shareholder Information - As of December 31, 2020, Mr. Tse Chun Yuen and Mr. Tse Chun Kuen each hold a 50.14% interest in Land Noble Holdings Limited, with 350,000,000 shares held jointly[79][94]. - The total number of shares held by the substantial shareholders is 350,000,000, which constitutes a significant portion of the Company's equity[94]. - The Company has disclosed substantial shareholders' interests as required under the Securities and Futures Ordinance (SFO) as of December 31, 2020[92].

Financial Performance - The unaudited consolidated interim results for the six months ended September 30, 2020, show a revenue of HKD 50 million, representing a 20% increase compared to the same period in 2019[13]. - The net profit for the same period was HKD 5 million, which is a 25% increase year-on-year[13]. - Revenue for the six months ended September 30, 2020, was HK$157,035,000, compared to HK$109,026,000 for the same period in 2019, representing an increase of approximately 44%[38]. - Revenue for the three months ended September 30, 2020, was HK$83,501,000, an increase from HK$49,972,000 in the same period of 2019, representing a growth of 67%[14]. - The Group recorded a loss attributed to owners of the Company of approximately HK$4.5 million for the six months ended September 30, 2020, compared to a loss of approximately HK$1.5 million for the same period in 2019, representing a significant increase in loss[90]. - Loss before income tax for the six months ended September 30, 2020, was HK$5,257,000, an increase from a loss of HK$1,880,000 in the same period of 2019[14]. - The Group reported a loss before income tax of HK$302,000 for the three months ended September 30, 2020, compared to a profit of HK$93,000 in 2019[48]. - For the six months ended September 30, 2020, the loss attributable to owners of the Company was HK$4,454,000, compared to a loss of HK$1,527,000 for the same period in 2019, representing an increase of 192%[54]. - Basic and diluted losses per share for the six months ended September 30, 2020, were HK$0.007, compared to HK$0.003 for the same period in 2019, indicating a 133% increase in losses per share[54]. Operational Highlights - User data indicates a growth in active clients by 15%, reaching a total of 1,200 clients as of September 30, 2020[13]. - The company has projected a revenue growth of 10% for the next six months, targeting HKD 55 million[13]. - New product development includes the launch of an innovative engineering solution expected to contribute an additional HKD 2 million in revenue by Q1 2021[13]. - The company is exploring market expansion opportunities in Southeast Asia, aiming to establish a presence in at least two new countries by the end of 2021[13]. - A strategic acquisition of a local engineering firm is under consideration, which could enhance service offerings and increase market share by 5%[13]. - The company has invested HKD 3 million in research and development for new technologies aimed at improving operational efficiency[13]. - The company plans to enhance its digital marketing strategy to increase brand awareness and client engagement, targeting a 30% increase in online inquiries[13]. Financial Position - Net current assets as of September 30, 2020, were HK$108,041,000, a decrease from HK$112,158,000 as of March 31, 2020[17]. - Cash and cash equivalents at the end of the period were HK$(3,765,000), a significant decrease from HK$26,467,000 at the beginning of the period[23]. - Total equity as of September 30, 2020, was HK$114,242,000, down from HK$118,696,000 as of March 31, 2020[17]. - Trade receivables as of September 30, 2020, totaled HK$28,168,000, an increase from HK$22,475,000 as of March 31, 2020[63]. - Total trade payables as of September 30, 2020, amounted to HK$21,497,000, slightly down from HK$21,528,000 as of March 31, 2020[67]. - The Group's provision for loss allowance for trade receivables remained stable at HK$146,000 as of September 30, 2020, unchanged from March 31, 2020[65]. - The Group had cash and bank balances of approximately HK$6.9 million, down from approximately HK$31.6 million as of 31 March 2020[1]. - The gearing ratio for the Group as of 30 September 2020 was 4.8%, compared to nil as of 31 March 2020[1]. Cost and Expenses - Gross profit for the six months ended September 30, 2020, was HK$867,000, compared to HK$3,343,000 for the same period in 2019, indicating a decline of 74%[14]. - Administrative and other operating expenses increased by approximately HK$0.5 million or 8.9% from approximately HK$5.4 million for the six months ended 30 September 2019 to approximately HK$5.9 million for the six months ended 30 September 2020[90]. - Operating expenses for the six months ended September 30, 2020, totaled HK$5,864,000, compared to HK$5,384,000 in the same period of 2019[14]. - The loss was mainly attributable to a decrease in gross profit margin due to an increase in overall construction costs and competitive project pricing arising from intense market competition[90]. Corporate Governance - The Company has complied with the Corporate Governance Code provisions during the six months ended September 30, 2020[132]. - The audit committee comprises three independent non-executive Directors, ensuring oversight of financial control and risk management systems[133]. - The Company is committed to high standards of corporate governance to protect and promote shareholder interests[132]. - The Audit Committee has reviewed the Group's unaudited condensed consolidated interim results for the six months ended September 30, 2020, and confirmed compliance with applicable accounting standards and GEM Listing Rules[133]. Shareholder Information - As of September 30, 2020, Land Noble Holdings Limited holds 350,000,000 shares, representing a 58.33% interest in the company[129]. - The total number of shares held by substantial shareholders is 350,000,000, which constitutes 58.33% of the company's total shares[129]. - The Directors do not recommend the payment of an interim dividend for the six months ended September 30, 2020, consistent with the previous year where no dividend was paid[90]. - The Company has adopted a share option scheme since September 14, 2017, but no share options have been granted under this scheme[132].

Financial Performance - The unaudited consolidated results for the three months ended June 30, 2020, show a significant performance summary compared to the same period in 2019 [15]. - The Group reported a revenue of HKD 10 million for the first quarter of 2020, reflecting a decrease of 20% compared to HKD 12.5 million in the first quarter of 2019 [15]. - The net loss for the period was HKD 2 million, compared to a net profit of HKD 1 million in the same period last year, indicating a shift in financial performance [15]. - Revenue for the three months ended June 30, 2020, was HK$73,534,000, an increase from HK$59,054,000 in the same period of 2019, representing a growth of 24.6% [16]. - Gross profit decreased to HK$856,000 for the three months ended June 30, 2020, compared to HK$4,488,000 in 2019, indicating a decline of 81.0% [16]. - The loss before income tax for the period was HK$2,097,000, compared to a profit of HK$2,266,000 in the same period last year [16]. - The total comprehensive income attributable to owners of the Company for the period was a loss of HK$1,753,000, down from a profit of HK$2,089,000 in 2019 [16]. - Basic and diluted loss per share was HK$0.003 for the three months ended June 30, 2020, compared to earnings per share of HK$0.003 in the previous year [16]. - For the three months ended June 30, 2020, the Group recorded a net loss of approximately HK$1.8 million compared to a net profit of approximately HK$2.1 million for the same period in 2019, indicating a significant decline in profitability [77]. - The basic and diluted earnings per share for the period were (0.003) HK cents, compared to 0.003 HK cents for the same period in 2019, reflecting a loss per share [73]. - The Group's gross profit margin decreased during the three months ended June 30, 2020, contributing to the net loss [77]. - Other income for the three months ended June 30, 2020, included bank interest income of HK$60,000, down from HK$72,000 in 2019 [43]. - Other income and gain decreased from approximately HK$72,000 for the three months ended June 30, 2019 to approximately HK$60,000 for the same period in 2020, a decrease of approximately HK$12,000 [85]. - Administrative and other operating expenses increased by approximately HK$0.7 million or 30.4%, from approximately HK$2.3 million in the three months ended June 30, 2019 to approximately HK$3.0 million in the same period of 2020 [85]. - Finance costs increased to approximately HK$10,000 for the three months ended June 30, 2020, compared to nil for the same period in 2019 [86]. - The loss was primarily due to the decrease in gross profit margin, attributed to increased overall construction costs and competitive project pricing [87]. - The increase in administrative expenses was mainly due to higher staff costs, safety consultant expenses, and internal control expenses [85]. - The Group's performance was impacted by intense market competition leading to competitive project pricing [87]. Strategic Outlook - The company plans to expand its market presence by targeting new sectors, including renewable energy and infrastructure development, to drive future growth [15]. - Noble Engineering is investing in new technology development, focusing on enhancing project efficiency and reducing operational costs [15]. - The management has provided a cautious outlook for the next quarter, expecting a potential revenue increase of 10% if market conditions improve [15]. - The Group is exploring strategic partnerships and potential acquisitions to enhance its service offerings and market reach [15]. - The company aims to launch two new products in the next quarter, which are expected to contribute to revenue growth [15]. - The Group intends to implement a more prudent approach in project selection, focusing on well-established contractors to ensure project stability and sound receivables [77]. - The Group plans to expand its fleet of machinery and equipment to enhance technical capabilities for future project bids [80]. - The Group aims to proactively seek opportunities to expand its customer base and market share, undertaking more wet trades projects to enhance shareholder value [80]. - The Group may explore business opportunities beyond the Hong Kong market to strengthen revenue bases and future development [78]. - The net proceeds from the Share Offer are intended to provide financial resources to meet business objectives and strengthen the Group's market position in wet trades services [81]. - The Group's strategy focuses on improving operating efficiency and profitability while diversifying its business for better returns to shareholders [79]. Compliance and Governance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with local regulations [27]. - The Company was incorporated in the Cayman Islands and its shares are listed on the GEM of the Stock Exchange since September 29, 2017 [24]. - The unaudited condensed financial statements are presented in thousands of Hong Kong dollars (HK$'000), maintaining consistency with the Company's functional currency [26]. - The Group operates solely in Hong Kong, with all revenue and non-current assets located in this region [44]. - The Group's current tax expense for the three months ended June 30, 2019, was HK$237,000, while there was no current tax expense for the same period in 2020 [66]. - The Group's depreciation of owned assets for the three months ended June 30, 2020, was HK$586,000, compared to HK$492,000 in 2019 [60]. - The application of the two-tiered profits tax rates regime allows the first HK$2,000,000 of profits to be taxed at 8.25% [68]. - The Group's interest on bank overdrafts for the three months ended June 30, 2020, was HK$8,000, with no interest recorded in the previous year [57]. - The Company has confirmed compliance with the Required Standard of Dealing during the three months ended June 30, 2020, with no non-compliance events reported [104]. - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the three months ended June 30, 2020 [104]. - The company adopted a Share Option Scheme on September 14, 2017, but no share options have been granted under this scheme since its adoption [104]. - There were no reported competition or conflict of interests involving the directors or controlling shareholders during the three months ended June 30, 2020 [104]. - The company has not disclosed any substantial shareholders or other persons with interests in shares or underlying shares as of June 30, 2020 [102]. - The company has maintained a register of interests as required under Section 336 of the SFO [102]. - The company has adhered to the GEM Listing Rules regarding securities transactions by directors [104]. - The Company has complied with the Corporate Governance Code provisions during the three months ended June 30, 2020 [107]. - The audit committee consists of three independent non-executive Directors, ensuring oversight of financial control and risk management [107]. - The unaudited results for the three months ended June 30, 2020 have been reviewed by the audit committee but not audited by independent auditors [107]. Shareholding Structure - As of June 30, 2020, Mr. Tse Chun Yuen and Mr. Tse Chun Kuen each hold 1 share in Land Noble Holdings Limited, representing a 50% interest [98]. - Land Noble Holdings Limited has a long position of 350,000,000 shares, equating to a 58.33% interest in the company [101]. - No other persons, apart from the directors and chief executives, had interests or short positions in the shares of the company as of June 30, 2020 [101].

Noble Engineering Group Holdings Limited 怡 康 泰 工 程 集 團 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號：8445 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of inv ...