Financial Performance - For the nine months ended December 31, 2020, the company recorded unaudited revenue of approximately HKD 16.1 million, a decrease of about 17.8% compared to the same period last year[6]. - The company reported an unaudited loss attributable to owners of HKD 9 million for the nine months ended December 31, 2020, compared to a loss of HKD 3.5 million in the same period last year, primarily due to a revenue decrease of HKD 3.5 million and an increase in administrative expenses of HKD 4.5 million[6]. - The basic and diluted loss per share for the nine months ended December 31, 2020, was approximately HKD 2.26, compared to HKD 0.87 for the same period in 2019[7]. - The gross profit for the nine months ended December 31, 2020, was HKD 6.216 million, down from HKD 9.853 million in the same period last year[10]. - The operating loss for the nine months ended December 31, 2020, was HKD 9.891 million, compared to an operating loss of HKD 2.927 million in the same period last year[10]. - The company’s total comprehensive loss attributable to owners for the nine months ended December 31, 2020, was HKD 9.047 million, compared to HKD 3.489 million in the same period last year[10]. - For the nine months ended December 31, 2020, total revenue was HKD 16,163,000, a decrease of 18% compared to HKD 19,668,000 for the same period in 2019[27]. - The company reported a deferred tax expense of HKD (486,000) for the three months ended December 31, 2020, compared to a deferred tax income of HKD 352,000 for the same period in 2019[28]. - For the nine months ended December 31, 2020, the company reported a loss attributable to owners of approximately HKD 9,047,000, compared to a loss of HKD 3,489,000 for the same period in 2019, representing an increase in loss of 159.5%[34]. - The basic loss per share for the nine months ended December 31, 2020, was HKD (2.26), compared to HKD (0.87) for the same period in 2019, indicating a deterioration in performance[34]. Revenue Breakdown - For the three months ended December 31, 2020, total revenue was HKD 8,924,000, an increase of 30% compared to HKD 6,871,000 for the same period in 2019[27]. - Sales of equipment for the three months ended December 31, 2020, were HKD 8,273,000, up 72% from HKD 4,806,000 in the same period of 2019[27]. - Technical service revenue for the three months ended December 31, 2020, was HKD 651,000, down 68% from HKD 2,065,000 in the same period of 2019[27]. - The company’s revenue from static 3D scanning solutions for the three months ended December 31, 2020, was HKD 4,299,000, a decrease of 33% from HKD 6,406,000 in the same period of 2019[27]. - Revenue from static 3D scanning increased to HKD 11.3 million (70.1% of total revenue) in 2020, while dynamic 3D scanning revenue decreased to HKD 4.8 million (29.9% of total revenue) from HKD 9.9 million in 2019[42]. Expenses and Liabilities - Administrative expenses for the nine months ended December 31, 2020, increased to HKD 13.629 million from HKD 9.091 million in the previous year[10]. - The company’s financial expenses for the nine months ended December 31, 2020, were HKD 17, a decrease from HKD 19 in the previous year[10]. - The total lease liabilities as of December 31, 2020, amounted to HKD 313,768,000, with the company only having short-term leases[24]. - The group had a debt-to-equity ratio of 39.0% as of December 31, 2020, with a credit loan of HKD 2.28 million from the Industrial and Commercial Bank of China[50]. - Administrative expenses increased by 50% to HKD 13.6 million in 2020, up from HKD 9 million in 2019, mainly due to increased intangible asset amortization and R&D expenses[47]. Business Development and Strategy - The company experienced a significant increase in sales during the fourth quarter, as the sales department indicated ongoing negotiations for commercial contracts, expecting substantial growth compared to the third quarter[6]. - The company secured five new precision 3D inspection projects and completed two existing projects during the reporting period, resulting in a total of 15 ongoing projects as of December 31, 2020[37]. - The company signed approximately RMB 8 million in new sales contracts in the third quarter of 2020, indicating a recovery in business performance following the impact of the COVID-19 pandemic[39]. - The company is currently negotiating a sales contract worth approximately HKD 20 million, with expectations for performance to improve in the fourth quarter[39]. - The company plans to continue organic growth and expand its operational scale to enhance market competitiveness and increase market share[38]. - The company aims to expand its sales team and coverage area to increase market share and secure new contracts, addressing the lack of long-term agreements with clients[61]. Research and Development - The company emphasizes research and development investment to strengthen its core technologies and has developed proprietary intangible assets such as scanning detection software and data recognition and analysis systems[38]. - The company plans to enhance its R&D efforts and establish its own R&D center to maintain technological leadership and competitiveness in the rapidly changing smart manufacturing solutions market[63]. - The company holds 16 registered patents, including six invention patents and ten utility model patents, and has eight pending invention patent registrations as of December 31, 2020[37]. Corporate Governance - The company has complied with the applicable code provisions of the corporate governance code as of December 31, 2020[81]. - The company believes that Mr. Wu's dual role as Chairman and CEO provides strong and continuous leadership beneficial for the group's business prospects[80]. - The audit committee reviewed the quarterly performance for the nine months ended December 31, 2020, in a meeting held on January 25, 2021[87]. - The company has adopted the trading standards as per GEM Listing Rules for securities transactions by directors[82]. Dividend and Shareholder Information - The company does not recommend the distribution of an interim dividend for the nine months ended December 31, 2020, consistent with the previous year[32]. - As of December 31, 2020, Mr. Wu held 293,940,000 shares, representing 73.49% of the issued share capital[67]. - No share options were granted, exercised, cancelled, or lapsed from the adoption of the share option scheme on March 26, 2018, until December 31, 2020[74]. - The company did not engage in any related party transactions or continuing connected transactions during the reporting period[79].

Financial Performance - The company recorded unaudited revenue of approximately HKD 7.2 million for the six months ended September 30, 2020, a decrease of about 43.4% compared to the same period last year[6]. - The unaudited loss attributable to owners of the company for the six months ended September 30, 2020, was HKD 4.3 million, compared to a loss of HKD 4.1 million in the same period last year, primarily due to increased administrative expenses[6]. - Basic and diluted loss per share for the six months ended September 30, 2020, was approximately HKD 1.07, compared to HKD 1.00 for the same period in 2019[7]. - Total revenue for the three months ended September 30, 2020, was HKD 4,713,000, a decrease of 44.5% compared to HKD 8,545,000 for the same period in 2019[30]. - Total revenue for the six months ended September 30, 2020, was HKD 7,239,000, down 43.5% from HKD 12,797,000 in the prior year[30]. - The company reported a net loss attributable to owners of HKD 4,295,000 for the six months ended September 30, 2020, compared to a loss of HKD 3,991,000 in 2019[40]. - Basic loss per share for the six months ended September 30, 2020, was HKD (1.0738), compared to HKD (0.9978) for the same period in 2019[40]. - The group recorded revenue of approximately HKD 7,239 million for the six months ended September 30, 2020, a decrease of 43.0% compared to HKD 12,797 million for the same period in 2019[57]. - Gross profit decreased by 40% to HKD 3.80 million for the six months ended September 30, 2020, compared to HKD 6.41 million for the same period in 2019[59]. - The group incurred a loss of HKD 4.29 million for the six months ended September 30, 2020, compared to a loss of HKD 4 million for the same period in 2019[63]. Assets and Liabilities - Total assets as of September 30, 2020, amounted to HKD 79.276 million, an increase from HKD 72.964 million as of March 31, 2020[12]. - The company's cash and cash equivalents decreased to HKD 6.884 million as of September 30, 2020, down from HKD 13.147 million as of March 31, 2020[12]. - Total equity attributable to owners of the company decreased to HKD 59.617 million as of September 30, 2020, from HKD 63.912 million as of March 31, 2020[12]. - The company’s trade receivables decreased significantly to HKD 19.293 million as of September 30, 2020, from HKD 35.152 million as of March 31, 2020[12]. - Trade payables decreased to HKD 4,257,000 as of September 30, 2020, down from HKD 5,199,000 as of March 31, 2020[47]. - Other receivables increased significantly to HKD 10,896,000 as of September 30, 2020, compared to HKD 2,735,000 as of March 31, 2020[46]. - The total lease liabilities as of September 30, 2020, amounted to HKD 240,000, which is exempt from reporting obligations under the new accounting standards[26]. Cash Flow - For the six months ended September 30, 2020, the net cash used in operating activities was HKD (6,886,000), a decrease from HKD 4,916,000 in the same period of 2019[15]. - The cash flow from investing activities showed a net cash outflow of HKD (1,657,000), compared to HKD (2,547,000) in the previous year, indicating a reduction in investment spending[15]. - The net cash generated from financing activities was HKD 2,280,000, with short-term loans being the primary source of cash inflow, as there were no financing activities reported in the previous year[15]. - The total cash and cash equivalents at the end of the period decreased to HKD 6,884,000 from HKD 12,183,000 at the end of the previous year, reflecting a significant decline in liquidity[15]. - The company reported a cash flow loss of HKD (6,263,000) for the period, contrasting with a cash flow gain of HKD 2,369,000 in the same period of 2019[15]. - The initial cash and cash equivalents were HKD 13,147,000, which indicates a strong starting liquidity position despite the subsequent decline[15]. Expenses - The company incurred administrative expenses of HKD 6.413 million for the six months ended September 30, 2020, compared to HKD 7.686 million for the same period in 2019[10]. - Total expenses for the six months ended September 30, 2020, amounted to HKD 12,217,000, down 27.4% from HKD 16,788,000 in the same period of 2019[31]. - Administrative expenses decreased by 17% to HKD 6.41 million for the six months ended September 30, 2020, down from HKD 7.68 million in 2019[61]. - Sales and marketing expenses decreased to HKD 2.37 million for the six months ended September 30, 2020, from HKD 2.71 million in 2019[60]. Business Operations and Strategy - The company continues to focus on providing smart manufacturing solutions in China, which remains a key area for growth and investment[17]. - The company plans to report its income as offshore income to avoid Hong Kong profits tax, pending approval from the Hong Kong tax authority[35]. - The company has 10 ongoing precision 3D inspection projects as of September 30, 2020, having secured 2 new projects and completed 1 existing project during the period[53]. - The company plans to open a branch in Changsha to expand sales coverage and enhance customer service[54]. - The company aims to continue organic growth and expand its operational scale to increase market share and competitiveness[54]. - The group plans to enhance its R&D efforts and establish its own R&D center to maintain technological leadership and competitiveness[75]. - The group aims to expand its sales team and coverage area to increase market share and secure new contracts[75]. - The company experienced a sales performance impact due to the global pandemic, but business began to recover in June 2020 as the situation improved in China[54]. Corporate Governance - The financial statements were prepared in accordance with the applicable Hong Kong Financial Reporting Standards, ensuring compliance and transparency in reporting[18]. - The company has not adopted any new accounting standards that would significantly impact its financial performance or position during the reporting period[19]. - The company has complied with the corporate governance code as per GEM Listing Rules, with no deviations reported[93]. - The company has established an audit committee to oversee financial reporting and internal control systems since March 26, 2018[99]. - The audit committee reviewed the interim results for the six months ended September 30, 2020, on November 9, 2020[100]. - The company has not engaged in any related party transactions or continuous related party transactions during the reporting period[91]. Shareholder Information - As of September 30, 2020, Mr. Wu held 293,940,000 shares, representing 73.49% of the issued share capital of the company[79]. - The company did not declare an interim dividend for the six months ended September 30, 2020[38]. - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2020, consistent with the previous year[97]. - No significant events occurred after September 30, 2020, indicating stability in operations[98]. - All funds raised by the company as of September 30, 2020, have been fully utilized as outlined in the annual report published on June 15, 2020[78].

Financial Performance - The company recorded unaudited revenue of approximately HKD 2.5 million for the three months ended June 30, 2020, a decrease of about 40.6% compared to the same period last year[5]. - The unaudited loss attributable to owners of the company for the same period was HKD 2.0 million, compared to a loss of HKD 1.8 million in the previous year, primarily due to a decrease in gross profit[5]. - Basic and diluted loss per share for the period was approximately HKD 0.50, compared to HKD 0.46 in 2019[6]. - Gross profit for the three months ended June 30, 2020, was HKD 1.969 million, down from HKD 2.671 million in the same period last year[9]. - Operating loss for the period was HKD 2.259 million, compared to an operating loss of HKD 1.904 million in the previous year[9]. - The company reported a net loss before tax of HKD 2.254 million, compared to a loss of HKD 1.896 million in the previous year[9]. - The total comprehensive loss attributable to owners of the company for the period was HKD 2.011 million, compared to HKD 1.825 million in the same period last year[9]. - For the three months ended June 30, 2020, the company reported a loss attributable to owners of the company of HKD 2,011,000, compared to a loss of HKD 1,825,000 for the same period in 2019, representing an increase in loss of approximately 10.2%[28]. - The basic loss per share for the three months ended June 30, 2020, was HKD 0.50, compared to HKD 0.46 for the same period in 2019, indicating a deterioration in performance[28]. - The company's revenue for the three months ended June 30, 2020, was approximately HKD 2.5 million, a decrease of 40.6% compared to HKD 4.3 million for the same period in 2019[35]. - The gross profit decreased from HKD 2.7 million for the three months ended June 30, 2019, to HKD 2.0 million for the same period in 2020, representing a decline of 26.3%[40]. - The gross margin increased from 62.8% in the three months ended June 30, 2019, to 77.9% in the same period in 2020, due to higher-margin technical service projects being executed[40]. - The company recorded a loss of HKD 2.0 million for the three months ended June 30, 2020, compared to a loss of HKD 1.8 million for the same period in 2019, indicating an increase in losses[44]. Revenue Sources - Total revenue from technical services was HKD 2.526 million, while equipment sales were not recorded in the current period, down from HKD 3.367 million in the previous year[18]. - Revenue from static 3D scanning was HKD 2.315 million, while dynamic 3D scanning revenue was HKD 211 thousand, compared to HKD 3.367 million and HKD 885 thousand respectively in 2019[18]. Expenses and Cost Management - The company incurred administrative expenses of HKD 3.169 million, slightly down from HKD 3.401 million in the previous year[9]. - Sales and marketing expenses decreased by 18.2% from HKD 1.2 million for the three months ended June 30, 2019, to HKD 1.0 million for the same period in 2020, primarily due to reduced travel expenses related to COVID-19[41]. Business Development and Strategy - The company secured 2 new projects and completed 10 existing projects during the reporting period, resulting in a total of 8 ongoing projects, all of which are precision 3D inspection solution projects[31]. - The company plans to expand its business and increase market share by actively exploring new markets and engaging with new customers while solidifying existing customer relationships[32]. - The company aims to maintain its technological leadership by increasing R&D efforts to develop advanced new products and technologies, thereby expanding the application range of its solutions and reducing project costs[32]. - The company plans to enhance its research and development efforts by establishing its own R&D center and recruiting more technical talent to maintain a competitive edge in technology[58]. - The company aims to expand its sales team and administrative management to increase market share and win new contracts[58]. Shareholder Information - As of June 30, 2020, the major shareholder IFG Swans holds 293,940,000 shares, representing 73.49% of the issued share capital[66]. - Ruan David Ching Chi holds 29,116,000 shares, accounting for 7.28% of the issued share capital[66]. Corporate Governance - The company has not proposed any interim dividend for the three months ended June 30, 2020, consistent with the previous year[26]. - The company did not recommend an interim dividend for the three months ended June 30, 2020, compared to no dividend for the same period in 2019[80]. - The company has complied with the applicable code provisions of the GEM Listing Rules Appendix 15 as of June 30, 2020[78]. - The audit committee reviewed the quarterly results for the three months ended June 30, 2020, on July 29, 2020[82]. - The company has not engaged in any related party transactions or continuing connected transactions during the reporting period[74]. - The chairman and CEO roles are held by the same individual, Mr. Wu, which the company believes provides strong leadership[75]. - The company has adopted trading standards for directors' securities transactions in compliance with GEM Listing Rules[79]. Employment and Workforce - The company had a total of 25 employees as of June 30, 2020, down from 28 in 2019, reflecting a focus on maintaining a competitive workforce[55]. - The company will continue to recruit professional sales, marketing, and administrative personnel to maintain an appropriate talent pool in line with future business expansion needs[32]. Financial Position - The company had no bank borrowings or other interest-bearing debts as of June 30, 2020[45]. - There were no significant contingent liabilities or capital commitments as of June 30, 2020[46][47]. - No purchases, sales, or redemptions of the company's listed securities occurred during the three months ended June 30, 2020[72]. - No stock options were granted, exercised, cancelled, or lapsed from the adoption of the share option scheme until June 30, 2020[70]. - The company has been monitoring the impact of the COVID-19 pandemic on its financial performance, noting that current projects are progressing steadily without significant impact from the pandemic[33].

Financial Performance - For the fiscal year ending March 31, 2020, the company achieved revenue of approximately HKD 54.9 million, representing a year-on-year growth of 4.8%[9] - The net profit attributable to the company's owners was approximately HKD 3.1 million, a decrease of 57.1% compared to the previous year, primarily due to increased R&D and management expenses related to business expansion[9] - The revenue from precision 3D inspection solutions increased by 10.4% from HKD 49.7 million to HKD 54.9 million, primarily due to higher average contract prices and an increase in the number of projects generating equipment sales revenue[19] - Gross profit rose by 14.2% from HKD 27.3 million to HKD 31.1 million, with the gross profit margin increasing from 52.0% to 56.7%[22] - The company's net profit decreased by 57.1% to HKD 3.1 million, resulting in a net profit margin drop from 14.0% to 5.7%[26] - The net cash generated from operating activities was approximately HKD 8.8 million for the year[29] - The company's cash and cash equivalents increased to approximately HKD 13.1 million from HKD 10.0 million in the previous year[29] - The company’s financial performance indicators for the year ending March 31, 2020, are detailed in the financial summary section of the annual report[125] Research and Development - As of March 31, 2020, the company held 13 registered patents, including 6 invention patents and 7 utility model patents, with an additional 9 invention patents and 3 utility model patents in the registration process[13] - The company emphasizes the importance of R&D in a market characterized by high technical demands and rapid technological updates[14] - The company focuses on developing advanced new products and technologies to expand the application range of its solutions and reduce project costs[10] - The group has established its own R&D center and has acquired necessary equipment and software, resulting in the addition of 3 invention patents and 2 utility model patents since its listing[41] - The company plans to enhance R&D efforts to maintain a technological edge and reduce project costs[15] Market Strategy - The company remains optimistic about the prospects of the smart manufacturing solutions industry in China, despite potential economic downturns and uncertainties from the COVID-19 pandemic[10] - The company plans to continue consolidating existing markets while actively exploring new markets and customers to maintain its market leadership[10] - The company has established five new sales and marketing operations in China since 2010, expanding its market share significantly[61] - The group plans to enhance its sales and marketing efforts, expand its sales team, and increase its sales coverage area to secure new contracts[42] Corporate Governance - The company is committed to maintaining high standards of corporate governance and compliance through its experienced management team[66] - The company has adopted corporate governance practices in accordance with the GEM Listing Rules, ensuring compliance with the applicable code provisions[68] - The board of directors consists of 5 executive directors and 3 independent non-executive directors, with all independent directors meeting the independence guidelines[73] - The company has established specific committees (audit, remuneration, and nomination) to oversee particular aspects of its operations[77] - The company has taken proactive measures to address any compliance issues related to securities trading by its directors[72] - The company has maintained directors' and officers' liability insurance throughout the year to provide adequate protection against legal actions[182] Management and Leadership - Liu Zhining has been appointed as the Chief Operating Officer since September 26, 2017, and has over 17 years of sales and management experience[55] - The financial director, Zou Cuiyan, has approximately 15 years of accounting and financial management experience, previously serving as the financial director for a convenience store chain[62] - The company’s technology director, Professor Yang Zhuoru, has around 42 years of experience in engineering and technology research and development[60] - The company aims to enhance its operational management and oversight under the leadership of Liu Zhining[55] - The management team includes experienced professionals with backgrounds in various industries, contributing to the company's strategic direction[64] Financial Position and Assets - As of March 31, 2020, the group recorded a loss of HKD 1.92 million in other comprehensive income due to currency fluctuations[33] - The group held trade receivables of HKD 35.2 million, cash and bank deposits of HKD 13.1 million, and other receivables of HKD 2.7 million as of March 31, 2020[40] - The total amount raised from the IPO was fully utilized, with HKD 11.9 million allocated for R&D and training, HKD 6.8 million for business expansion, HKD 3.8 million for seminars and advertising, and HKD 2.5 million for working capital[48] - The group has no significant contingent liabilities, capital commitments, or major investments as of March 31, 2020[30][31][36] - The company has a total of 25 employees as of March 31, 2020, down from 29 in 2019[130] Shareholder Information - The company reported a total issued share capital of 400,000,000 shares as of March 31, 2020[121] - The board of directors holds a significant equity interest, with Mr. Ng holding 293,940,000 shares, representing 73.49% of the issued share capital[163] - The company has not entered into any significant contracts with its controlling shareholders or their subsidiaries that remain effective as of March 31, 2020[162] - The group disclosed related party transactions in its financial statements, which do not constitute connected transactions or continuing connected transactions[152] Compliance and Risk Management - The audit committee was established on March 26, 2018, to oversee financial reporting, risk management, and internal control systems[81] - The company has implemented risk management policies to address various identified risks, ensuring no significant compliance issues were encountered during the year[108] - The board is responsible for establishing and reviewing the effectiveness of the internal control system annually[111] - The independent auditor, PwC, has audited the consolidated financial statements and confirmed they present a true and fair view of the group's financial position as of March 31, 2020[193]

Financial Performance - The company recorded unaudited revenue of approximately HKD 19.7 million for the nine months ended December 31, 2019, a decrease of about 5.5% compared to the same period last year[5]. - The unaudited loss attributable to owners of the company for the nine months ended December 31, 2019, was HKD 3.5 million, compared to a loss of HKD 3.0 million in the same period last year, primarily due to a decrease in gross profit[5]. - Basic and diluted loss per share for the nine months ended December 31, 2019, was approximately HKD 0.87, compared to HKD 0.77 for the same period in 2018[6]. - Gross profit for the nine months ended December 31, 2019, was HKD 9.85 million, down from HKD 10.43 million in the previous year[9]. - Operating loss for the nine months ended December 31, 2019, was HKD 2.93 million, compared to a loss of HKD 2.49 million in the same period last year[9]. - The company’s total comprehensive loss for the nine months ended December 31, 2019, was HKD 3.49 million, compared to a loss of HKD 3.04 million in the same period last year[11]. - The company’s financial income for the nine months ended December 31, 2019, was HKD 19, a significant decrease from HKD 287 in the previous year[9]. - For the three months ended December 31, 2019, total revenue was HKD 6,871,000, a decrease of 44.5% compared to HKD 12,387,000 for the same period in 2018[26]. - For the nine months ended December 31, 2019, total revenue was HKD 19,668,000, a slight decrease of 0.7% compared to HKD 20,808,000 for the same period in 2018[26]. Revenue Breakdown - The sales of precision 3D inspection solutions equipment for the nine months ended December 31, 2019, amounted to HKD 16,718,000, an increase of 19.7% compared to HKD 13,972,000 in 2018[26]. - The company’s dynamic 3D scanning revenue for the nine months ended December 31, 2019, was HKD 9,895,000, a significant increase compared to HKD 1,572,000 in 2018[26]. - Revenue from static 3D scanning was HKD 9.8 million, accounting for 49.7% of total revenue, while dynamic 3D scanning generated HKD 9.9 million, making up 50.3% of total revenue[40]. - The company’s precision mechanical solutions segment reported no revenue for the three months ended December 31, 2019, compared to HKD 787,000 in 2018[26]. Expenses and Costs - The company incurred total administrative expenses of HKD 9.09 million for the nine months ended December 31, 2019, compared to HKD 9.47 million in the previous year[9]. - The company’s sales and marketing expenses for the nine months ended December 31, 2019, were HKD 3.86 million, compared to HKD 3.54 million in the previous year[9]. - Gross profit decreased by 5.5% to HKD 9.9 million for the nine months ended December 31, 2019, from HKD 10.4 million for the same period in 2018, with a gross margin of 50.1%[43]. - Sales and marketing expenses increased by 9.0% to HKD 3.9 million for the nine months ended December 31, 2019, from HKD 3.5 million for the same period in 2018, mainly due to an expanded sales and marketing team[44]. - Administrative expenses decreased by 4.0% to HKD 9.1 million for the nine months ended December 31, 2019, from HKD 9.5 million for the same period in 2018, due to the absence of travel and preparation costs related to the company's GEM listing[45]. - The company recorded a decrease in cost of sales by 5.4% to HKD 9.8 million for the nine months ended December 31, 2019, from HKD 10.4 million for the same period in 2018, mainly due to a reduction in equipment costs[42]. Taxation - The company reported a tax expense of HKD 382,000 for the three months ended December 31, 2019, compared to HKD 743,000 for the same period in 2018, representing a decrease of 48.6%[27]. - The statutory corporate income tax rate in Hong Kong is 16.5%, while the effective tax rate for its subsidiary in China is 15% due to its high-tech enterprise status[30]. Shareholder Information - As of December 31, 2019, Mr. Wu held 293,940,000 shares, representing 73.49% of the company's issued share capital[69]. - Major shareholder IFG Swans held 293,940,000 shares, also representing 73.49% of the issued share capital[74]. - RUAN David Ching Chi held 29,116,000 shares, representing 7.28% of the issued share capital[74]. Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules, with Mr. Wu serving as both Chairman and CEO to provide strong leadership[84]. - The audit committee was established on March 26, 2018, to oversee financial reporting and internal control systems[89]. - The quarterly performance for the nine months ended December 31, 2019, was reviewed by the audit committee on February 7, 2020[90]. Future Plans and Developments - The company plans to open a branch in Changsha to expand its sales coverage and improve customer service[37]. - The company aims to continue organic growth by developing new customers across different industries and strengthening relationships with existing clients[36]. - The company plans to enhance its research and development efforts by establishing its own R&D center and recruiting more technical talent to maintain a competitive edge in the rapidly changing smart manufacturing solutions market[61]. - The company is focusing on expanding its talent pool by recruiting professional sales, marketing, and administrative personnel for future business expansion[37]. - The company has completed 8 existing projects and secured 6 new projects during the reporting period, all related to precision 3D scanning solutions[36]. Dividend Policy - The company does not recommend the distribution of an interim dividend for the nine months ended December 31, 2019[31]. - The board does not recommend the payment of an interim dividend for the nine months ended December 31, 2019, consistent with the previous year[88]. Compliance and Risk Management - The company has implemented credit policies to monitor and manage credit risk associated with cash and cash equivalents, trade receivables, and other receivables[62]. - The company had no bank borrowings or other interest-bearing borrowings as of December 31, 2019[50]. - The company has no significant contingent liabilities or major investments as of December 31, 2019[51][57]. - The company did not engage in any related party transactions or continuous related party transactions during the reporting period[83]. Use of IPO Proceeds - The company aims to utilize the net proceeds of approximately HKD 25.0 million from its IPO for purposes described in its annual report published on June 27, 2019[66]. - The company reported a total usage of HKD 22.9 million out of the planned HKD 25 million for various purposes as of December 31, 2019, leaving a balance of HKD 2.1 million[67]. - As of December 31, 2019, the company utilized HKD 11.7 million for establishing its own R&D center and further R&D expenses related to product development, with a remaining balance of HKD 0.2 million expected to be used by March 2020[67]. - The company spent HKD 5.9 million on business expansion, including establishing sales branches in different regions of China, with a remaining balance of HKD 0.9 million expected to be used by March 2020[67]. - HKD 3.1 million was allocated for organizing seminars, participating in local and international exhibitions, and developing advertising plans, with a remaining balance of HKD 0.7 million expected to be used by March 2020[67].

Financial Performance - The company recorded unaudited revenue of approximately HKD 12.8 million for the six months ended September 30, 2019, representing an increase of about 52.0% compared to the same period last year[5]. - The unaudited loss attributable to the owners of the company was HKD 4.1 million, compared to a loss of HKD 3.5 million in the same period last year, primarily due to increased sales and marketing expenses and administrative expenses[5]. - Basic and diluted loss per share was approximately HKD 1.00, compared to HKD 0.90 in the previous year[6]. - Gross profit for the six months ended September 30, 2019, was HKD 6.4 million, with a gross margin of approximately 50.1%[9]. - Operating loss for the six months ended September 30, 2019, was HKD 3.886 million, compared to an operating loss of HKD 3.678 million in the same period last year[9]. - The company reported a net financial income of HKD 14, down from HKD 268 in the previous year[9]. - Revenue for the three months ended September 30, 2019, was HKD 8,545,000, a 25% increase from HKD 6,840,000 in the same period of 2018[31]. - For the six months ended September 30, 2019, total revenue reached HKD 12,797,000, up 51% from HKD 8,421,000 in 2018[33]. - The company reported a net loss attributable to owners of HKD (2,166,000) for the three months ended September 30, 2019, compared to a profit of HKD 589,000 in 2018[44]. - Basic loss per share for the six months ended September 30, 2019, was HKD (1.00), compared to a loss of HKD (0.90) in the same period of 2018[44]. Cash Flow and Assets - Total assets decreased to HKD 61.998 million as of September 30, 2019, down from HKD 70.004 million as of March 31, 2019[11]. - Cash and cash equivalents increased to HKD 12.183 million as of September 30, 2019, compared to HKD 9.976 million as of March 31, 2019[11]. - The company's total equity attributable to owners decreased to HKD 58.703 million as of September 30, 2019, from HKD 62.694 million as of March 31, 2019[11]. - Operating cash flow for the six months ended September 30, 2019, was HKD 6,340,000, compared to a cash outflow of HKD 13,567,000 in the same period of 2018[15]. - Net cash generated from operating activities was HKD 4,916,000, a significant improvement from a net cash outflow of HKD 12,722,000 in the previous year[15]. - Cash used in investing activities totaled HKD 2,547,000, compared to HKD 521,000 in the same period of 2018[15]. - The net increase in cash and cash equivalents was HKD 2,369,000, down from HKD 34,177,000 in the prior year[15]. - Cash and cash equivalents at the end of the period stood at HKD 12,183,000, a decrease from HKD 35,698,000 at the end of the previous year[15]. - The company did not recognize any cash inflows from financing activities during the current period, contrasting with cash inflows of HKD 47,420,000 in the previous year[15]. Research and Development - The group incurred research and development outsourcing expenses of HKD 2,265,000 for the six months ended September 30, 2019, compared to HKD 708,000 in 2018, indicating a significant increase in R&D investment[34]. - The company plans to enhance its R&D efforts by establishing its own R&D center and recruiting more technical talent to maintain a competitive edge[85]. - The company allocated HKD 11.9 million for establishing its own R&D center and related expenses, with HKD 10.1 million utilized by September 30, 2019[91]. Market Expansion and Strategy - The company plans to continue focusing on expanding its market presence and enhancing its product offerings in the upcoming periods[5]. - The company aims to expand its market share and enhance competitiveness by increasing sales efforts and exploring potential demands from existing customers[61]. - A new branch is planned to be opened in Changsha to expand sales coverage and improve customer service[61]. - The company participated in the 2019 China International Machine Tool Exhibition to engage with existing and potential customers[61]. - The company plans to continue organic growth and expand its operational scale to achieve business growth in the second half of the fiscal year[61]. - Revenue from precision 3D inspection solutions increased by 70.2% from HKD 7.5 million in 2018 to HKD 12.8 million in 2019, primarily due to an increase in contract values[64]. - Sales costs rose by 76.4% to HKD 6.4 million for the six months ended September 30, 2019, up from HKD 3.6 million in the previous year, mainly due to increased equipment costs[66]. - Administrative expenses increased by 21.1% to HKD 7.7 million, primarily due to a HKD 2.0 million increase in R&D expenses[69]. Shareholder Information - As of September 30, 2019, the major shareholder IFG Swans holds 293,940,000 shares, representing 73.49% of the issued share capital[98]. - RUAN David Ching Chi holds 29,116,000 shares, representing 7.28% of the issued share capital[98]. Compliance and Governance - The company has complied with the applicable code provisions of the GEM Listing Rules for the six months ended September 30, 2019[109]. - The Audit Committee was established on March 26, 2018, to oversee financial reporting and internal control systems[115]. - There have been no significant events occurring after September 30, 2019[114]. - The company believes that having Mr. Wu serve as both Chairman and CEO provides strong and continuous leadership, benefiting the group's business prospects[108]. Other Financial Information - The company has no bank borrowings or significant contingent liabilities as of September 30, 2019[74][75]. - The company has no purchases, sales, or redemptions of its listed securities during the six months ending September 30, 2019[105]. - The company has implemented credit policies and continuously monitors credit risks associated with cash and cash equivalents, trade receivables, and other receivables[86]. - The company maintains liquidity by monitoring cash levels to ensure sufficient operational funding and reduce cash flow volatility[87]. - The company did not declare an interim dividend for the six months ended September 30, 2019, consistent with the previous year[40]. - No related party transactions or continuing connected transactions were conducted during the reporting period[107].

Financial Performance - The company recorded unaudited revenue of approximately HKD 4.3 million for the three months ended June 30, 2019, representing an increase of approximately 168.9% compared to the same period last year[5]. - The unaudited loss attributable to owners of the company for the same period was HKD 1.8 million, a decrease from a loss of HKD 4.1 million in the previous year, primarily due to increased revenue and reduced administrative expenses[5]. - Basic and diluted loss per share for the period was approximately HKD 0.46, compared to HKD 1.08 for the same period in 2018[6]. - Gross profit for the three months ended June 30, 2019, was HKD 2.67 million, compared to HKD 0.46 million in the previous year[9]. - Operating loss for the period was HKD 1.9 million, significantly improved from an operating loss of HKD 4.52 million in the same period last year[9]. - The total comprehensive loss attributable to owners of the company for the period was HKD 1.83 million, compared to HKD 4.1 million in the previous year[9]. - Revenue from precision 3D inspection solutions increased from HKD 0.6 million in 2018 to HKD 4.3 million in 2019, a growth of 561.3%[42]. - Gross profit rose from HKD 0.5 million in 2018 to HKD 2.7 million in 2019, an increase of 484.5%, with gross margin improving from 28.9% to 62.8%[46]. - Basic loss per share improved from HKD 1.08 in 2018 to HKD 0.46 in 2019, reflecting a reduction in loss attributable to owners of the company[36]. - The company recorded a loss of HKD 1.8 million for the three months ended June 30, 2019, compared to a loss of HKD 4.1 million for the same period in 2018, primarily due to increased revenue and reduced administrative expenses[50]. Revenue Breakdown - The company reported total revenue of HKD 4,252,000 for the three months ended June 30, 2019, compared to HKD 1,581,000 for the same period in 2018, representing a year-over-year increase of 169.4%[29]. - Revenue from precision 3D scanning solutions was HKD 4,252,000, with static 3D scanning contributing HKD 3,367,000 and dynamic 3D scanning contributing HKD 885,000[29]. Expenses - The company incurred selling and marketing expenses of HKD 1.22 million, an increase from HKD 0.84 million in the previous year[9]. - Administrative expenses decreased to HKD 3.4 million from HKD 4.5 million in the previous year[9]. - The company incurred current tax expenses of HKD 451,000 for the three months ended June 30, 2019, compared to HKD 26,000 in the same period of 2018[30]. - Sales and marketing expenses increased by 44.8% from HKD 0.8 million in 2018 to HKD 1.2 million in 2019, driven by increased promotional efforts[47]. - Administrative expenses decreased by 24.3% from HKD 4.5 million in 2018 to HKD 3.4 million in 2019, primarily due to the absence of listing preparation costs[48]. Taxation and Accounting Standards - The effective tax rate for the company's operations in China is 15%, benefiting from high-tech enterprise status, while the statutory Hong Kong profits tax rate is 16.5%[31]. - The company adopted HKFRS 16 from April 1, 2019, which requires almost all leases to be recognized on the balance sheet, impacting the financial position minimally due to short-term leases[22]. - The company has no significant impact on its financial performance from the adoption of the new accounting standard, as it primarily holds short-term leases[25]. - The company’s financial statements for the year ended March 31, 2019, were not restated under the new accounting standard, as the impact was deemed not significant[21]. Business Expansion and Strategy - The company aims to continue expanding its smart manufacturing solutions in China, focusing on equipment sales and technical services[13]. - The company plans to open a branch in Changsha to expand sales coverage and enhance customer service[39]. - The company aims to establish its own R&D center and recruit technical staff, with an expected expenditure of HKD 11.9 million for further R&D, of which HKD 8.8 million has been used[70]. - The company is expanding its business, including establishing sales branches in different regions of China, with an expected expenditure of HKD 6.8 million, of which HKD 4.0 million has been used[70]. Shareholder Information - As of June 30, 2019, major shareholder IFG Swans holds 293,940,000 shares, representing 73.49% of the issued share capital[77]. - RUAN David Ching Chi controls 29,116,000 shares, accounting for 7.28% of the issued share capital[77]. Corporate Governance - The company has complied with the applicable code provisions of the corporate governance code as of June 30, 2019[88]. - The audit committee reviewed the quarterly results for the three months ended June 30, 2019, on August 7, 2019[94]. - The company has adopted trading standards as per GEM Listing Rules for directors' securities transactions[91]. - The company believes that having the same individual serve as both chairman and CEO provides strong and continuous leadership[87]. Employee Information - The company has a total of 28 employees as of June 30, 2019, compared to 23 employees in 2018[63]. Dividends and Securities - The company did not declare an interim dividend for the three months ended June 30, 2019, consistent with the previous year[34]. - The company did not recommend any interim dividend for the three months ended June 30, 2019, consistent with the previous year[92]. - No share options were granted, exercised, cancelled, or lapsed from the adoption of the share option scheme until June 30, 2019[81]. - No purchases, sales, or redemptions of the company's listed securities occurred during the three months ended June 30, 2019[84]. Related Party Transactions - The company did not engage in any related party transactions or continuous related party transactions during the reporting period[86]. Financial Position - As of June 30, 2019, the company had no bank borrowings or other interest-bearing debts[53]. - The company has no significant contingent liabilities as of June 30, 2019[54]. - The company has no significant investments or capital asset plans as of June 30, 2019, apart from those disclosed in its prospectus[61]. - The company has not entered into any forward foreign exchange contracts to hedge its foreign exchange risks[59].

Financial Performance - For the fiscal year ending March 31, 2019, the company achieved revenue of approximately HKD 52.4 million, representing an 8.2% increase compared to the previous year[10] - The company reported a profit of approximately HKD 7.3 million, a turnaround from a loss of HKD 11.2 million in the prior year, resulting in an increase of HKD 18.5 million[10] - The gross profit decreased by 12.4% to HKD 27.3 million for the fiscal year ended March 31, 2019, with a gross margin of 52.0%, down from 64.3% in the previous year[22] - The company achieved a net profit of HKD 7.3 million for the fiscal year ended March 31, 2019, compared to a net loss of HKD 11.2 million for the fiscal year ended March 31, 2018, resulting in a net profit margin of 14.0%[27] - The sales and marketing expenses increased by 143.1% to HKD 4.5 million for the fiscal year ended March 31, 2019, primarily due to increased employee costs and travel expenses[23] - The operating cash flow for the fiscal year ended March 31, 2019, was approximately HKD 24.0 million, with net current assets increasing to HKD 61.3 million from HKD 4.3 million in the previous year[28] - The company reported a distributable reserve of HKD 42,515,000 as of March 31, 2019[134] - Sales to the top five customers accounted for approximately 65.8% of total revenue for the year ended March 31, 2019, with the largest customer contributing about 23.5%[146] - Purchases from the top five suppliers represented around 86.2% of total procurement for the year ended March 31, 2019, with the largest supplier accounting for approximately 32.5%[146] Business Strategy and Outlook - The company maintains a positive outlook on the smart manufacturing solutions industry in China, focusing on expanding its market presence and customer base[11] - The company plans to enhance its research and development efforts to improve existing products and technologies, as well as to develop advanced new products[11] - The company aims to optimize operational efficiency across its business units to enhance profitability and core competitiveness[11] - The company intends to expand its sales coverage area by establishing new sales points and participating in industry seminars and exhibitions[11] - The company will continue to seek potential business opportunities to create more value for shareholders[11] - The company plans to continue expanding into new markets and developing new customer relationships while enhancing its research and development efforts[16] - The company aims to expand its sales network and increase its sales team size to secure new contracts and maintain existing client relationships[40] Research and Development - As of March 31, 2019, the company held 8 registered patents, including 5 invention patents and 3 utility model patents, with an additional 10 invention patents and 7 utility model patents pending registration[15] - The company plans to enhance its research and development efforts by establishing its own R&D center and recruiting more technical talent to maintain a technological edge[40] - The company has allocated HKD 11.9 million for establishing an R&D center, with HKD 6.8 million already utilized as of March 31, 2019[46] Corporate Governance - The company is committed to improving corporate governance practices and procedures, believing that effective governance is crucial for sustainable development and asset protection[65] - The company has adhered to the applicable corporate governance code provisions from the date of listing until March 31, 2019[65] - The company’s governance practices are based on the principles outlined in the GEM Listing Rules, ensuring compliance and transparency[65] - The board of directors consists of 5 executive and independent non-executive directors, ensuring compliance with GEM Listing Rules regarding independence[70] - The audit committee, formed on March 26, 2018, held 4 meetings during the reporting period to review financial reporting and risk management systems[80] - The remuneration committee, also established on March 26, 2018, held 1 meeting to review the compensation policies for directors and senior management[82] - The company has implemented internal guidelines requiring board approval for major operational and investment decisions[72] - The board has reviewed and is satisfied with the effectiveness of the corporate governance policies in place[72] - The company has established specific committees to monitor various aspects of governance, providing adequate resources for their responsibilities[77] - The company complies with GEM listing rules and has appointed RaffAello Capital Limited as its compliance advisor[92] Risk Management - The company has established a risk management system to identify, analyze, assess, mitigate, and monitor potential risks[102] - The company has implemented additional internal control measures to ensure compliance with applicable laws and regulations[105] - The company’s internal control system is deemed sufficient, practical, and effective for its current operations[105] - The company has a liquidity risk management strategy to maintain cash and cash equivalents at levels deemed sufficient for operations[43] Employee and Management - The company has a total of 23 employees as of the reporting date[103] - As of March 31, 2019, the company had a total of 29 employees, an increase from 20 employees in 2018[126] - The company has established long-term employment contracts of four years or more with all senior management, emphasizing the importance of employee stability[126] - The company has adopted a stock option plan to attract and retain talented employees[126] Compliance and Legal Matters - The company has not experienced any non-compliance issues that would have a significant financial or operational impact as of March 31, 2019[105] - There were no significant disputes with suppliers or customers, and all debts were settled on or before the agreed due dates as of March 31, 2019[125] - The company has not engaged in any significant transactions or contracts where directors have a substantial interest for the year ended March 31, 2019[158] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the year ended March 31, 2019[148] - The independent auditor has confirmed that the consolidated financial statements reflect the group's financial position as of March 31, 2019, in accordance with Hong Kong Financial Reporting Standards[190] Shareholder Information - The company reported a total issued share capital of 400,000,000 shares as of March 31, 2019[116] - The company raised a total of HKD 65 million through the issuance of 100,000,000 shares at a price of HKD 0.65 per share during its IPO on April 20, 2018[115] - As of March 31, 2019, the largest shareholder, IFG Swans, held 293,940,000 shares, representing 73.49% of the issued share capital[165] - RUAN David Ching Chi and RAYS Capital Partners Limited each held 29,116,000 shares, accounting for 7.28% of the issued share capital[165] - The board will continue to review the dividend policy and retains the discretion to update or amend it as necessary[156] - The company did not recommend the payment of a final dividend for the year ended March 31, 2019, consistent with the previous year[131] - The board has adopted a diversity policy for its members, considering factors such as gender, age, cultural background, and professional experience[93]

Financial Performance - For the nine months ended December 31, 2018, the company recorded unaudited revenue of approximately HKD 20.8 million, an increase of about 26.7% compared to the same period last year[6]. - The company reported an unaudited loss attributable to owners of approximately HKD 3.0 million for the nine months ended December 31, 2018, significantly reduced from a loss of approximately HKD 10.8 million in the previous year[6]. - Basic and diluted loss per share for the nine months ended December 31, 2018, was approximately HKD 0.77, compared to HKD 3.64 for the same period in 2017[7]. - Gross profit for the nine months ended December 31, 2018, was approximately HKD 10.4 million, down from HKD 11.4 million in the previous year[10]. - The total comprehensive loss attributable to owners for the nine months ended December 31, 2018, was approximately HKD 3.0 million, compared to HKD 10.9 million in the previous year[10]. - For the three months ended December 31, 2018, total revenue was HKD 12,387,000, a 70.5% increase from HKD 7,286,000 in the same period of 2017[18]. - For the nine months ended December 31, 2018, total revenue reached HKD 20,808,000, up 26.5% from HKD 16,419,000 in the same period of 2017[18]. - The company reported a net profit attributable to owners of HKD 469,000 for the three months ended December 31, 2018, compared to a loss of HKD 476,000 in the same period of 2017[25]. Expenses and Costs - Administrative expenses decreased to approximately HKD 9.5 million for the nine months ended December 31, 2018, from HKD 20.2 million in the same period last year[10]. - Operating loss for the nine months ended December 31, 2018, was approximately HKD 2.5 million, improved from a loss of HKD 10.2 million in the previous year[10]. - Sales cost rose by 106.7% to HKD 10.4 million, primarily due to a higher number of equipment-related projects[35]. - Gross profit decreased by 8.5% to HKD 10.4 million, with the gross profit margin dropping from 69.4% to 50.1% due to lower-margin projects being executed[36]. - Sales and marketing expenses increased to HKD 3.5 million from HKD 1.3 million, attributed to heightened marketing efforts[37]. - Administrative expenses decreased by 53.1% to HKD 9.5 million, mainly due to the absence of listing expenses[38]. Operational Growth and Projects - The company secured 18 new projects and completed 22 existing projects during the reporting period, indicating strong operational growth[28]. - Revenue from precision 3D inspection solutions increased from HKD 16.4 million to HKD 19.1 million, driven by an increase in the number of projects executed during the period[32]. - The company plans to continue organic expansion and increase its operational scale to enhance market share and competitiveness[29]. - The company aims to expand its talent pool by recruiting professional sales, marketing, and administrative personnel for future business growth[29]. Research and Development - As of December 31, 2018, the company held 8 registered patents, including 3 invention patents and 5 utility model patents, along with 20 pending invention patents[28]. - The company has established R&D centers in Beijing and Guangzhou to develop advanced solutions and technology applications[29]. - The company aims to establish its own R&D center and recruit more technical talent to maintain a competitive edge in the rapidly evolving smart manufacturing solutions market[54]. - As of December 31, 2018, the company has utilized HKD 6.4 million out of the planned HKD 11.9 million for establishing the R&D center and related expenses, leaving a balance of HKD 5.5 million[59]. Financial Position and Equity - The company’s total equity as of December 31, 2018, was approximately HKD 52.4 million[12]. - The company has raised a total of HKD 25.0 million from its IPO, with all funds received by December 31, 2018[58]. - The effective corporate income tax rate for the company's subsidiaries in China is 15% due to high-tech enterprise status, compared to the standard rate of 25%[20]. Corporate Governance and Compliance - The company has complied with the applicable code provisions of the GEM Listing Rules, except for the separation of the roles of Chairman and CEO[76]. - The audit committee was established on March 26, 2018, to oversee financial reporting and internal control systems[81]. - The company confirmed compliance with the trading standards for directors from the date of listing until December 31, 2018[78]. - There were no related party transactions or continuous related party transactions during the reporting period[75]. - The company has not engaged in any transactions requiring disclosure under the GEM Listing Rules[75]. Shareholder Information - The company has a significant shareholder, IFG Swans, holding 293,940,000 shares, representing 73.485% of the issued share capital[66]. - RUAN David Ching Chi holds 29,116,000 shares, accounting for 7.28% of the issued share capital through controlled entities[66].