Financial Performance - The company recorded unaudited revenue of approximately HKD 12.0 million for the six months ended September 30, 2022, representing an increase of about 9.7% compared to the same period last year[5]. - The unaudited loss attributable to owners of the company for the same period was HKD 10.8 million, compared to a loss of HKD 4.1 million in the previous year, primarily due to increased administrative expenses[5]. - Basic and diluted loss per share for the six months ended September 30, 2022, was approximately HKD 2.70, compared to HKD 1.03 for the same period in 2021[5]. - The total comprehensive loss attributable to owners of the company for the six months ended September 30, 2022, was HKD 13.54 million, compared to HKD 4.15 million for the same period in 2021[14]. - For the six months ended September 30, 2022, the company reported a loss attributable to owners of the company of HKD 10,792,000, compared to a loss of HKD 4,148,000 for the same period in 2021, representing an increase of 160%[45]. - The net loss for the six months ended September 30, 2022, increased by 160.2% to HKD 10.8 million from HKD 4.1 million for the same period in 2021, primarily due to higher administrative expenses[78]. Revenue Breakdown - Total revenue for the six months ended September 30, 2022, was HKD 12,045,000, an increase of 9.7% from HKD 10,979,000 in the same period of 2021[30]. - Revenue from the smart manufacturing solutions business for the six months ended September 30, 2022, was HKD 10,944,000, slightly down from HKD 10,979,000 in the previous year[30]. - The funeral services business generated revenue of HKD 1,101,000 for the six months ended September 30, 2022, with no revenue reported in the same period of 2021[30]. - The gross profit increased by 6.2% from HKD 3.7 million for the six months ended September 30, 2021, to HKD 3.9 million for the same period in 2022, primarily due to contributions from the funeral services business[73]. - The funeral services business contributed approximately 9.1% of the total revenue for the six months ended September 30, 2022, generating HKD 1.1 million in revenue[71]. Expenses and Liabilities - Administrative expenses for the six months ended September 30, 2022, were HKD 11.34 million, significantly higher than HKD 5.09 million in the previous year[7]. - The total sales cost, selling and marketing expenses, and administrative expenses for the six months ended September 30, 2022, amounted to HKD 21,249,000, up from HKD 14,710,000 in 2021, reflecting a 44% increase[4]. - The company incurred employee costs of HKD 4,648,000 for the six months ended September 30, 2022, compared to HKD 1,872,000 in 2021, indicating a significant increase of 148%[4]. - The company's total liabilities increased to HKD 31.41 million as of September 30, 2022, compared to HKD 15.37 million as of March 31, 2022[11]. - The net capital debt ratio increased to 25.8% as of September 30, 2022, compared to 10.0% as of March 31, 2022, mainly due to increased bank borrowings and lease liabilities[79]. Cash Flow and Investments - Operating cash flow for the six months ended September 30, 2022, was HKD 3,028,000, compared to a cash outflow of HKD 325,000 for the same period in 2021, representing a significant improvement[16]. - The net cash used in investing activities for the six months ended September 30, 2022, was HKD 5,026,000, primarily due to purchases of intangible assets and equipment[16]. - The company purchased property and equipment amounting to approximately HKD 4.9 million for the six months ended September 30, 2022, compared to no purchases in the same period in 2021[46]. - As of September 30, 2022, the company had cash and cash equivalents of approximately HKD 3.1 million, down from HKD 3.7 million as of March 31, 2022[81]. Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited financial information for the six months ending September 30, 2022[117]. - The company has adopted the trading standards as per GEM Listing Rules, confirming compliance by all directors for the six months ending September 30, 2022[110]. - The company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15 during the reporting period[112]. - The board did not recommend an interim dividend for the six months ended September 30, 2022, consistent with the previous year[43]. Business Operations and Strategy - The company continues to focus on its two main business segments: smart manufacturing solutions and funeral services in China[28]. - The group is increasing its sales and marketing efforts to expand its market share in the intelligent manufacturing solutions sector[93]. - The group plans to enhance its research and development efforts by establishing its own R&D center and hiring more technical personnel to maintain a competitive edge[93]. - The group employed 42 staff members as of September 30, 2022, an increase from 22 in 2021, indicating a focus on talent acquisition[90]. - The company completed 3 ongoing projects and secured 6 new projects in the smart manufacturing solutions sector during the reporting period[70]. Shareholder Information - Major shareholders include Dingyu Technology with a beneficial interest of 144,097,800 shares, representing 36.02% of the total shares[104]. - Another significant shareholder is Yuan Ying Capital Limited, holding 50,627,200 shares, which accounts for 12.66% of the total shares[104]. - No share options have been granted, exercised, or cancelled under the share option scheme since its adoption on April 20, 2018[105]. Risk Management - The group has implemented credit policies to monitor credit risks associated with cash and cash equivalents, trade receivables, and other receivables[94]. - The group has not used financial derivatives to hedge interest rate risks associated with its bank borrowings[95].

Financial Performance - The company recorded unaudited revenue of approximately HKD 7.0 million for the three months ended June 30, 2022, representing an increase of about 6.3% compared to the same period last year[7]. - The unaudited loss attributable to owners of the company was HKD 4.9 million, compared to a loss of HKD 2.1 million in the same period last year, primarily due to increased administrative expenses[7]. - Basic and diluted loss per share for the period was approximately HKD 1.24, compared to HKD 0.52 in the previous year[7]. - Gross profit for the period was HKD 2.945 million, with a gross margin of approximately 42.0%[9]. - Operating loss for the period was HKD 4.470 million, compared to an operating loss of HKD 1.492 million in the same period last year[9]. - The company reported a net loss before tax of HKD 4.731 million, compared to HKD 1.491 million in the previous year[9]. - Total comprehensive loss attributable to owners of the company was HKD 6.198 million, compared to HKD 2.095 million in the same period last year[9]. - The group reported a loss before tax of HKD 4,731,000 for the three months ended June 30, 2022, compared to a loss of HKD 2,095,000 for the same period in 2021[43]. - Basic loss per share for the three months ended June 30, 2022, was HKD 1.24, compared to HKD 0.52 for the same period in 2021[43]. Revenue Breakdown - Revenue from the smart manufacturing solutions business was HKD 6,357,000, a decrease of 3.6% from HKD 6,596,000 in the previous year[26]. - The funeral services business generated revenue of HKD 652,000, with no revenue reported in the same period of 2021[26]. - The funeral services business accounted for approximately 9.3% of the group's revenue for the three months ended June 30, 2022, contributing HKD 0.6 million[47]. Administrative Expenses - Administrative expenses increased significantly to HKD 6.029 million from HKD 2.674 million in the previous year, reflecting a rise of approximately 125%[9]. - Administrative expenses rose by 125.5% to HKD 6.0 million for the three months ended June 30, 2022, compared to HKD 2.7 million for the same period in 2021, mainly due to increased employee costs and R&D expenses[53]. Equity and Assets - The company’s total equity as of June 30, 2022, was approximately HKD 50.195 million, reflecting a decrease from the previous year[12]. - The net capital debt ratio increased to 24.2% as of June 30, 2022, compared to 10.0% as of March 31, 2022, mainly due to increased bank borrowings and leasing liabilities[55]. - As of June 30, 2022, the group had cash and cash equivalents of approximately HKD 5.0 million, up from HKD 3.7 million as of March 31, 2022[56]. Research and Development - The group plans to enhance its R&D efforts by establishing its own R&D center and hiring more technical personnel to maintain a competitive edge in the rapidly evolving smart manufacturing solutions market[68]. - The group has registered 16 patents, including 6 invention patents and 10 utility model patents, with 8 invention patents currently in the registration stage[46]. Corporate Governance - The company has complied with the GEM Listing Rules regarding corporate governance practices[87]. - The company has adopted trading standards as per GEM Listing Rules for directors' securities transactions[85]. - The audit committee has been established and consists of three independent non-executive directors, chaired by Mr. Leung Ka Wing[90]. - The main responsibilities of the audit committee include advising the board on the appointment and removal of external auditors, reviewing financial statements, and overseeing the financial reporting system and internal controls[90]. - The audit committee has reviewed the accounting principles adopted by the group and discussed audit and financial reporting matters with management[90]. - The unaudited financial information for the three months ended June 30, 2022, has been discussed and reviewed by the audit committee[90]. Shareholder Information - Mr. Huang holds a controlled corporation interest of 144,097,800 shares, representing 36.02% of the company's equity[75]. - Major shareholder Dingyu holds 144,097,800 shares, also representing 36.02% of the company's equity[79]. - Major shareholder Yuan Ying Capital Limited holds 52,399,200 shares, representing 13.10% of the company's equity[79]. - No share options have been granted, exercised, or cancelled under the share option scheme since its adoption[81]. Dividend and Securities Transactions - The group has no plans to declare an interim dividend for the three months ended June 30, 2022[39]. - The company did not recommend an interim dividend for the three months ended June 30, 2022, consistent with the previous year[73]. - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries during the three months ended June 30, 2022[74]. - The company did not enter into any related party transactions during the reporting period[83]. Employee Information - The group has 48 employees as of June 30, 2022, compared to 23 employees in 2021, reflecting its commitment to talent acquisition and retention[65]. Events After Reporting Period - No significant events requiring disclosure occurred after June 30, 2022[84]. - The board expresses gratitude to the management and all employees for their hard work and contributions during the reporting period[91].

Financial Performance - The company reported a revenue of approximately HKD 31.5 million for the fiscal year ending March 31, 2022, representing a decrease of 21.1% compared to the previous year[12]. - The company recorded revenue of approximately HKD 31.5 million for the year ended March 31, 2022, a decrease of about 21.1% compared to HKD 40.0 million for the year ended March 31, 2021[21]. - The cost of sales decreased by 19.7% to HKD 18.9 million for the year ended March 31, 2022, down from HKD 23.6 million for the previous year[22]. - Gross profit fell by 23.3% to HKD 12.6 million for the year ended March 31, 2022, compared to HKD 16.4 million for the year ended March 31, 2021[23]. - The gross profit margin remained stable at 39.9% for the year ended March 31, 2022, compared to 41.0% in 2021[24]. - The company incurred a loss of HKD 9.2 million for the year ended March 31, 2022, an increase of 176.9% from a loss of HKD 3.3 million in the previous year[30]. - The net debt-to-equity ratio was 10.0% as of March 31, 2022, compared to 8.1% in 2021[31]. - The group reported trade receivables of HKD 15.9 million, cash and cash equivalents of HKD 3.7 million, and other receivables of HKD 1.4 million as of March 31, 2022[49]. - Financial performance indicators for the fiscal year ending March 31, 2022, are detailed in the financial summary section of the annual report[129]. - The company reported that sales to its five largest customers accounted for approximately 81.0% of total revenue for the year ended March 31, 2022[153]. - The group had a total of 17 employees as of March 31, 2022, down from 25 employees in 2021[134]. Business Operations and Strategy - The company continues to focus on providing high-end precision 3D inspection solutions and precision machining solutions for industries such as aerospace, shipbuilding, ground transportation vehicles, and electronics[12]. - The company remains optimistic about future prospects despite potential economic downturns and uncertainties related to the COVID-19 pandemic, aiming to strengthen its existing smart manufacturing solutions business[14]. - The company will continue to assess the impact of global economic recovery factors, including the COVID-19 pandemic, US-China relations, and the Russia-Ukraine conflict, on its operations and financial performance[14]. - The company has entered into a service agreement with Huanggang Buddhist Culture Development Co., Ltd. for the design and construction of intelligent columbarium systems and digital smart tourism systems, which is expected to expand its technical service business[13]. - The company plans to enhance its research and development efforts and establish its own R&D center to maintain a technological edge in the smart manufacturing solutions market[51]. - The company is focused on managing liquidity risk by monitoring cash levels to ensure sufficient operational funding[55]. - The company has implemented credit policies to monitor credit risks associated with its financial assets[52]. - The group is increasing sales and marketing efforts to expand its sales team and coverage area to secure new contracts[51]. - The company has implemented strict quality control measures to ensure the delivery of high-quality smart manufacturing solutions[133]. Corporate Governance - The company has committed to improving corporate governance practices, believing that sound governance is crucial for sustainable development and asset protection[72]. - The company has adhered to the GEM Listing Rules Appendix 15 corporate governance code, with a notable deviation regarding the roles of the chairman and CEO, which are held by Mr. Huang and Mr. Zeng respectively since January 7, 2022[73]. - The company has confirmed compliance with the trading standards for directors as per GEM Listing Rules from April 1, 2021, to March 31, 2022[76]. - The board of directors includes Mr. Huang Minzhi as chairman and Mr. Zeng Weijin as CEO, both appointed on December 16, 2021[79]. - The company has undergone changes in control, leading to the resignation of Mr. Wu and the appointment of new directors on January 7, 2022[73]. - The company’s independent non-executive directors have been confirmed to meet the independence criteria set out in the GEM Listing Rules[79]. - The company’s financial and corporate governance functions are overseen by Mr. Zheng Weixi, who was appointed as company secretary on January 7, 2022[70]. - The company’s governance practices are aligned with the principles and provisions of the corporate governance code, ensuring effective leadership and management[72]. - The company has established a compliance framework for securities trading by directors, adhering to the GEM Listing Rules[75]. - The board of directors is responsible for overseeing the company's business operations and ensuring alignment with shareholder interests[80]. - The audit committee held five meetings during the fiscal year ending March 31, 2022, with attendance details provided[88]. - The remuneration committee conducted two meetings in the same fiscal year, reviewing the compensation and performance of directors and senior management[91]. - The nomination committee held three meetings, focusing on the structure, size, and composition of the board[94]. - The company has adopted a nomination policy as of December 25, 2018, outlining selection criteria and objectives[95]. - The audit committee consists of three members, all of whom are independent non-executive directors[87]. - The remuneration committee includes a majority of independent non-executive directors, ensuring unbiased compensation recommendations[90]. - The board has established specific committees to oversee various aspects of the company's operations, ensuring adequate resources are provided[83]. - The company has implemented internal guidelines requiring board approval for significant operational and investment decisions[80]. - The board is satisfied with the effectiveness of the corporate governance policies in place[82]. - The total remuneration for senior management was within the range of HKD 1,000,000 or below[110]. - The independent non-executive directors have a fixed term of three years, which can be terminated by either party with three months' written notice[102]. - The company secretary received no less than 15 hours of relevant professional training during the year ended March 31, 2022[106]. - The nomination committee evaluates candidates based on factors such as reputation, experience in business strategy, management, legal and financial aspects[1]. - The board diversity policy includes various standards such as gender, age, cultural and educational background, professional experience, skills, knowledge, and tenure[104]. - The nomination committee is responsible for recommending candidates for the board's consideration and approval[3]. - The company has adopted a board diversity policy to ensure effective implementation and monitoring[104]. - All directors confirmed compliance with the code's provisions regarding continuous professional development during the year[103]. - The nomination committee may request additional information and documents from candidates if deemed necessary[2]. - The company has established a risk management policy to address various identified risks, including operational and credit risks, ensuring effective monitoring and mitigation strategies are in place[112]. Shareholder and Dividend Policy - The company did not recommend the payment of any final dividend for the year ended March 31, 2022, consistent with the previous year[135][156]. - The company has a sustainable dividend policy aimed at balancing shareholder expectations and prudent capital management[158]. - The board will consider actual and expected financial performance, retained earnings, and capital requirements when proposing dividends[163]. - The company aims to reserve sufficient reserves for future development while allowing shareholders to share in profits[158]. - The maximum number of shares that can be issued under the share option plan is capped at 10% of the total issued shares, which amounts to 40,000,000 shares[175]. - The board retains the discretion to update or cancel the dividend policy without any legal commitment to future dividends[161]. - The board will review the dividend policy regularly to ensure it aligns with the best interests of the company and shareholders[161]. - The company has not established any preferential rights for existing shareholders regarding the issuance of new shares[162]. - The board's decision on dividend payments is subject to applicable laws and regulations[163]. Compliance and Risk Management - The company has not experienced significant adverse effects from the COVID-19 pandemic and maintains a stable financial position[48]. - There were no significant compliance issues reported for the fiscal year ending March 31, 2022, that would materially impact the company's financial or operational performance[112]. - The company has implemented additional internal control measures to ensure compliance with applicable laws and regulations, including those related to insider information[115]. - The company is committed to environmental protection and has taken steps to comply with relevant environmental laws and regulations[130]. - The board of directors is responsible for establishing and reviewing the effectiveness of the internal control system annually[115]. - The company has not identified any significant legal or regulatory violations that would severely impact its business as of March 31, 2022[131]. - There have been no significant subsequent events after March 31, 2022, up to the date of this annual report[192]. - The company has entered into a non-competition agreement with certain parties to prevent direct or indirect competition with the group[182]. - The independent auditor for the financial statements for the year ending March 31, 2022, is Moore Stephens CPA Limited, which will be reappointed at the next annual general meeting[191]. - The group applied the simplified approach under HKFRS 9 to measure the lifetime expected credit loss for trade receivables[199]. - The assessment of expected credit losses involves significant judgment and estimation, indicating a high level of inherent risk[200]. Share Capital and Major Shareholders - As of March 31, 2022, the company had issued 400,000,000 shares out of a total authorized share capital of 5,000,000,000 shares[124]. - As of March 31, 2022, major shareholders include Dingyu Technology Limited with a 36.02% stake and Yuan Ying Capital Limited with a 13.10% stake[168]. - The company has no significant contracts with major shareholders that remain valid as of March 31, 2022[163]. - The company has maintained sufficient public float as required under GEM listing rules as of March 31, 2022[189]. - There were no related party transactions or continuing connected transactions that required disclosure under GEM listing rules during the fiscal year ending March 31, 2022[186]. Employee and Talent Management - The company has adopted a share option scheme to attract and retain talented employees[134]. - The company has a stock option plan established on March 26, 2018, to recognize contributors and provide them with ownership opportunities[171]. - No share options have been granted, exercised, cancelled, or lapsed from the adoption date of the share option plan until March 31, 2022[177].

Financial Performance - Zhicheng Technology Group Ltd. recorded unaudited revenue of approximately HKD 22.1 million for the nine months ended December 31, 2021, representing an increase of about 36.9% compared to the same period last year[4] - The company reported an unaudited loss attributable to owners of approximately HKD 7.0 million for the nine months ended December 31, 2021, an improvement from a loss of HKD 9.0 million in the previous year[4] - Basic and diluted loss per share for the nine months ended December 31, 2021, was approximately HKD 1.75, compared to HKD 2.26 for the same period in 2020[4] - Gross profit for the nine months ended December 31, 2021, was approximately HKD 7.4 million, up from HKD 6.2 million in the previous year[6] - Total comprehensive loss attributable to owners for the nine months ended December 31, 2021, was approximately HKD 6.9 million, compared to HKD 9.0 million in the previous year[6] - Operating loss for the nine months ended December 31, 2021, was approximately HKD 6.4 million, a reduction from HKD 9.9 million in the previous year[6] - The company reported a net other income of approximately HKD 0.36 million for the nine months ended December 31, 2021, compared to HKD 1.7 million in the previous year[6] Revenue and Sales Growth - The company recorded revenue of approximately HKD 22.1 million for the nine months ended December 31, 2021, representing a 36.9% increase from approximately HKD 16.2 million for the same period in 2020[35] - The revenue from precision 3D inspection solutions increased from approximately HKD 16.2 million in 2020 to approximately HKD 22.1 million in 2021, primarily due to an increase in contract values for precision 3D inspection projects[35] - The company completed 12 new precision 3D inspection projects and 6 existing projects during the reporting period, resulting in a total of 3 ongoing projects as of December 31, 2021[31] Expenses and Cost Management - Administrative expenses decreased to approximately HKD 10.2 million for the nine months ended December 31, 2021, from HKD 13.6 million in the same period last year[6] - Sales cost increased by 48.3% from approximately HKD 9.9 million in the same period of 2020 to approximately HKD 14.8 million, primarily due to higher equipment costs for solution projects[36] - Gross profit rose by 18.7% from approximately HKD 6.2 million in 2020 to approximately HKD 7.4 million, while gross margin decreased from 38.5% to 33.3%[37] - Administrative expenses decreased by 25.4% from approximately HKD 13.6 million in 2020 to approximately HKD 10.2 million, mainly due to reduced R&D and professional service costs[40] Future Plans and Strategic Initiatives - The company aims to enhance its smart manufacturing solutions in China, focusing on equipment sales and technical services[12] - The company aims to continue organic growth and expand its operational scale to enhance market competitiveness[32] - The company plans to recruit professional sales, marketing, and administrative personnel to support future business expansion[32] - The company plans to enhance R&D efforts and establish its own R&D center to maintain technological leadership and competitiveness[56] Shareholding and Corporate Governance - As of December 31, 2021, Mr. Wu holds 39,600,000 shares, representing 9.90% of the company's equity[63] - Mr. Huang owns 139,887,000 shares, accounting for 34.97% of the company's equity[63] - The major shareholder, Dingyu Technology Co., Ltd., holds 139,887,000 shares, which is 34.97% of the equity[66] - The shareholding structure indicates a significant concentration of ownership among a few major shareholders[66] - The company has not disclosed any other individuals or entities with interests in the company's shares as of December 31, 2021[69] Compliance and Reporting - The financial statements are prepared in accordance with applicable Hong Kong Financial Reporting Standards, ensuring compliance with GEM listing rules[14] - The company has adopted all new and revised Hong Kong Financial Reporting Standards effective from April 1, 2021, with no significant changes to accounting policies[20] - The audit committee, consisting of three independent non-executive directors, has been established to oversee financial reporting and internal controls[97] - The company has complied with the applicable code provisions of the GEM Listing Rules during the reporting period[96] Market and Product Development - The company is investing $500 million in new technology research and development to enhance product offerings[20] - New product launches contributed to a 5% increase in overall sales, with the latest product line generating $1 billion in revenue[20] - Market expansion efforts have led to a 20% increase in sales in the Asia-Pacific region, contributing significantly to overall growth[20] - A new strategic partnership was announced, expected to drive an additional $300 million in revenue over the next year[20] Transactions and Acquisitions - The company has not entered into any significant transactions or contracts where directors have a substantial interest during the reporting period[73] - The company is exploring potential acquisitions to strengthen its market position, with a focus on companies in the tech sector[20] - There were no major acquisitions or disposals of subsidiaries during the reporting period[53]

Financial Performance - The company recorded unaudited revenue of approximately HKD 10.98 million for the six months ended September 30, 2021, representing an increase of approximately 51.67% compared to the same period last year[4]. - The unaudited loss attributable to owners of the company was HKD 4.14 million, a slight improvement from a loss of HKD 4.30 million in the same period last year[5]. - Basic and diluted loss per share for the six months ended September 30, 2021, was approximately HKD 1.03, compared to HKD 1.07 for the same period in 2020[6]. - The total comprehensive loss for the period was HKD 4,148,000, which is a decrease from the loss of HKD 4,295,000 reported for the same period in 2020, reflecting a slight improvement in financial performance[18]. - The group reported a loss attributable to owners of the company of HKD 4,148,000 for the six months ended September 30, 2021, compared to a loss of HKD 4,295,000 for the same period in 2020, representing a decrease of approximately 3.4%[46]. - The basic loss per share for the six months ended September 30, 2021, was HKD 1.0370, slightly improved from HKD 1.0738 in 2020[46]. Assets and Liabilities - The company's total assets decreased to HKD 80.23 million as of September 30, 2021, down from HKD 88.78 million as of March 31, 2021[12]. - Total equity attributable to owners of the company was HKD 59.12 million as of September 30, 2021, compared to HKD 63.26 million as of March 31, 2021[12]. - The company’s total liabilities decreased to HKD 21.11 million as of September 30, 2021, down from HKD 25.52 million as of March 31, 2021[14]. - Trade receivables decreased significantly to HKD 8,655,000 as of September 30, 2021, from HKD 38,233,000 as of March 31, 2021, indicating a reduction of approximately 77.3%[49]. - The group reported trade payables of HKD 4,258,000 as of September 30, 2021, down from HKD 8,755,000 as of March 31, 2021, reflecting a decrease of approximately 51.3%[53]. Cash Flow and Management - For the six months ended September 30, 2021, the company reported a cash outflow from operating activities of HKD 325,000, compared to an outflow of HKD 6,886,000 in the same period of 2020, indicating an improvement in cash flow management[18]. - As of September 30, 2021, the company's cash and cash equivalents decreased to HKD 2,335,000 from HKD 6,884,000 at the end of the previous year, indicating a need for better liquidity management[18]. - The company’s cash and cash equivalents stood at HKD 2.34 million as of September 30, 2021, compared to HKD 2.66 million as of March 31, 2021[12]. - The company has implemented credit policies to monitor credit risks associated with cash and cash equivalents, trade receivables, and other receivables[86]. - The company maintains cash and cash equivalents at levels deemed sufficient to support operations and reduce cash flow volatility[87]. Revenue and Expenses - The company reported a gross profit of HKD 3.71 million for the six months ended September 30, 2021, compared to HKD 3.81 million for the same period last year[9]. - Total expenses for the six months ended September 30, 2021, were HKD 14,711,000, an increase of 21% compared to HKD 12,217,000 in the same period of 2020[37]. - The sales cost rose by 111.66% from HKD 3.43 million to HKD 7.26 million, attributed to an increase in the number of projects provided during the period[64]. - Gross profit decreased by 2.36% from HKD 3.80 million to HKD 3.71 million due to the increased sales cost and reduced technical services[65]. - Administrative expenses decreased by 20.59% from HKD 6.41 million to HKD 5.09 million, mainly due to a reduction in professional fees and R&D expenses[69]. Market and Operational Strategy - The company actively expanded its market presence to mitigate the impact of the pandemic and continuously secured new orders[4]. - The company continues to explore opportunities for market expansion and new product development to enhance revenue streams in the future[18]. - The company focuses on providing smart manufacturing solutions, particularly in precision 3D inspection and precision machining solutions[59]. - The primary customers are high-end equipment manufacturers in industries such as aerospace, shipbuilding, and electronics, indicating a focus on advanced manufacturing solutions[85]. - The company plans to enhance R&D efforts by establishing its own R&D center and hiring more technical talent to maintain technological leadership and competitiveness[85]. Tax and Compliance - The company plans to report income generated during the year as offshore income, pending approval from the Hong Kong tax authority[41]. - The company has not recognized any tax expense related to other comprehensive income for the six months ended September 30, 2021[40]. - The group has been granted a preferential corporate income tax rate of 15% for its subsidiary in China, Guangzhou Kuike Electromechanical Technology Co., Ltd., which is valid until December 2023[13]. - The company has complied with the GEM Listing Rules regarding corporate governance practices[102]. Corporate Governance - The audit committee was established on March 26, 2018, to oversee financial reporting and internal control systems[108]. - The group reported interim results for the six months ended September 30, 2021, reviewed by the audit committee on October 27, 2021[109]. - The board does not recommend an interim dividend for the six months ended September 30, 2021, consistent with the previous period[104]. - The group did not declare an interim dividend for the six months ended September 30, 2021, consistent with the previous year[44].

Financial Performance - The company recorded unaudited revenue of approximately HKD 6.6 million for the three months ended June 30, 2021, representing an increase of approximately 161.1% compared to the same period last year[3]. - The unaudited loss attributable to owners of the company for the same period was HKD 2.1 million, slightly higher than the loss of HKD 2.0 million in the previous year, primarily due to a decrease in gross profit[3]. - Basic and diluted loss per share for the three months ended June 30, 2021, was approximately HKD 0.52, compared to HKD 0.50 for the same period in 2020[4]. - The company's gross profit for the three months ended June 30, 2021, was HKD 2.15 million, compared to HKD 1.97 million in the previous year[7]. - The company reported an operating loss of HKD 1.49 million for the three months ended June 30, 2021, an improvement from the operating loss of HKD 2.26 million in the same period last year[7]. - Revenue from precision 3D inspection solutions increased from HKD 2.5 million in the three months ended June 30, 2020, to HKD 6.6 million in the same period of 2021, primarily due to an increase in contract value for executed projects[31]. - Sales cost increased by 698.4% from HKD 0.5 million for the three months ended June 30, 2020, to HKD 4.4 million for the three months ended June 30, 2021, primarily due to higher equipment costs for solution projects[32]. - Gross profit increased by 9.1% from HKD 2.0 million for the three months ended June 30, 2020, to HKD 2.1 million for the three months ended June 30, 2021, while gross margin decreased from 77.9% to 32.6%[33]. - The company recorded a loss of HKD 2.1 million for the three months ended June 30, 2021, compared to a loss of HKD 2.0 million for the same period in 2020, with the increase in loss attributed to the decrease in gross profit[38]. Revenue Breakdown - Total revenue from precision 3D inspection solutions was HKD 6.6 million, with equipment sales contributing HKD 4.85 million and technical services contributing HKD 1.74 million[17]. - Revenue from static 3D scanning was HKD 6.6 million, significantly up from HKD 2.31 million in the previous year[17]. Expenses and Investments - Sales and marketing expenses for the period were HKD 1.08 million, an increase from HKD 0.997 million in the previous year[7]. - Administrative expenses decreased by 15.6% from HKD 3.2 million for the three months ended June 30, 2020, to HKD 2.7 million for the three months ended June 30, 2021, mainly due to reduced R&D expenses[36]. - The company has not made any significant investments or acquisitions during the three months ended June 30, 2021[47][49]. Future Plans and Strategy - The company aims to continue organic expansion and enhance market competitiveness while increasing its talent pool for future business growth[28]. - The company plans to invest in research and development to strengthen its core technologies and enhance competitiveness[28]. - The company expects to promote its integrated smart manufacturing solutions and solidify its market position and customer confidence[28]. - The company plans to enhance R&D efforts and establish its own R&D center to maintain technological leadership and competitiveness in the rapidly changing smart manufacturing solutions market[51]. - The company is increasing sales and marketing efforts to expand its sales team and coverage area to win new contracts and increase market share[51]. Corporate Governance - The company has not adopted any new accounting standards that would have a significant impact on its financial performance or position[13]. - The financial results are prepared in accordance with applicable Hong Kong Financial Reporting Standards and have been approved by the board of directors on August 9, 2021[12]. - The company did not recommend any interim dividend for the three months ended June 30, 2021, consistent with the previous year[23]. - The board does not recommend the payment of an interim dividend for the three months ended June 30, 2021, consistent with the previous year[72]. - The company has adopted the trading standards as per GEM Listing Rules for its directors, confirming compliance as of June 30, 2021[71]. - The chairman and CEO roles are held by the same individual, Mr. Ng, which the company believes provides strong leadership[69]. Shareholder Information - As of June 30, 2021, major shareholder IFG Swans holds 293,940,000 shares, representing 73.49% of the issued share capital[60]. - There were no options granted, exercised, cancelled, or lapsed under the share option scheme from its adoption date until June 30, 2021[63]. - There were no shareholdings or short positions in the company's shares or related securities that required disclosure under the Securities and Futures Ordinance as of June 30, 2021[60]. - The company had no significant contingent liabilities, capital commitments, or asset pledges as of June 30, 2021[40][41][42]. - The company had a total of 23 employees as of June 30, 2021, down from 25 in 2020, emphasizing the importance of talent retention and competitive compensation[50]. Audit and Compliance - The audit committee reviewed the quarterly results and the report on August 9, 2021[73]. - The company did not engage in any related party transactions or continuing connected transactions during the reporting period[66]. - The company has no knowledge of any other person or entity holding interests that require disclosure under the Securities and Futures Ordinance as of June 30, 2021[60].

Financial Performance - For the fiscal year ending March 31, 2021, the company reported revenue of approximately HKD 40.0 million, a decrease of 27.2% compared to the previous year[11]. - The company recorded a loss attributable to shareholders of approximately HKD 3.3 million due to operational disruptions caused by the global pandemic[11]. - The group's revenue for the year ended March 31, 2021, was approximately HKD 40.0 million, a decrease of 27.2% from HKD 54.9 million for the year ended March 31, 2020[18]. - Revenue from precision 3D inspection solutions decreased from HKD 54.9 million to HKD 40.0 million, primarily due to a reduction in sales of HKD 14.9 million[19]. - Gross profit decreased from HKD 31.1 million to HKD 16.4 million, representing a decline of 47.4%, with the gross margin dropping from 56.7% to 41.0%[21]. - The net loss for the year ended March 31, 2021, was HKD 3.3 million, a decrease of 206.4% from a net profit of HKD 3.1 million for the year ended March 31, 2020[27]. - The group's net current assets as of March 31, 2021, were approximately HKD 50.0 million, down from HKD 57.6 million as of March 31, 2020[29]. - The group had cash and cash equivalents of approximately HKD 2.7 million as of March 31, 2021, compared to HKD 13.1 million as of March 31, 2020[30]. - The net debt-to-equity ratio as of March 31, 2021, was 8%, compared to zero as of March 31, 2020[28]. Business Operations and Strategy - The company successfully secured 18 new projects during the year and completed 12 new projects along with 14 ongoing projects from previous years[15]. - As of March 31, 2021, the company had 7 ongoing projects, all related to precision 3D scanning solutions[15]. - The company aims to continue expanding its market presence and developing advanced new products and technologies to enhance its solution offerings and reduce project costs[12]. - The company is optimistic about the future of the smart manufacturing solutions industry in China despite potential economic downturns[12]. - The company plans to improve operational efficiency across its business units to enhance profitability and core competitiveness[12]. - The company will actively seek potential business opportunities to create more value for shareholders[12]. - The group plans to expand its business and increase market share while investing in research and development to enhance its core technology[16]. - The group will continue to monitor the impact of the ongoing pandemic on its business performance and adapt accordingly[16]. - The group is increasing its sales and marketing efforts, expanding its sales team and coverage areas to secure new contracts and maintain business activity levels[44]. Research and Development - The company holds a total of 16 registered patents, including 6 invention patents and 10 utility model patents, with an additional 8 invention patents in the registration phase[15]. - The group has established its own R&D center and has acquired necessary equipment and software, resulting in the addition of 6 invention patents and 3 utility model patents since its listing, with 9 invention patents and 8 utility model patents currently in the registration stage[42]. - The group plans to enhance its R&D efforts and recruit more talented technical personnel to maintain its technological leadership[44]. - The company is investing in R&D, with a budget allocation of $EE million, focusing on innovative technologies and product enhancements[62]. Corporate Governance - The management team emphasized the importance of corporate governance, adhering to GEM listing rules to ensure transparency and accountability[71]. - The company has maintained compliance with trading standards, confirming that all directors adhered to the required trading regulations during the fiscal year[76]. - The board of directors is set for re-election, with all members eligible for another term, ensuring continuity in leadership[74]. - The board of directors held 5 meetings in the fiscal year ending March 31, 2021, with full attendance from executive directors[83]. - The audit committee conducted 4 meetings during the same period, focusing on financial reporting and risk management[89]. - The remuneration committee held 1 meeting to review the compensation policies for directors and senior management[92]. - The nomination committee also convened 1 meeting to assess the board's structure and diversity[96]. - The audit committee is composed of three independent non-executive directors, ensuring oversight of financial integrity[88]. - The remuneration committee's recommendations are based on directors' responsibilities and performance metrics[91]. - The nomination committee evaluates candidates based on reputation, experience, and ability to contribute to the board[98]. - The board has adopted a nomination policy to ensure a structured approach to selecting suitable candidates[97]. - The company has established specific committees to enhance governance and oversight of key operational areas[84]. - The board is committed to maintaining effective governance practices and ensuring alignment with shareholder interests[82]. Compliance and Risk Management - The company has implemented a risk management policy to address various identified risks, including operational and credit risks[115]. - The company has not experienced any non-compliance issues that would significantly impact its business or the ability of directors and senior management to operate compliantly during the year[115]. - The compliance advisor has been appointed in accordance with GEM Listing Rules since April 20, 2018, with a term that can be extended by mutual agreement[105]. - The company has established an internal control system deemed sufficient and effective for its operations as of March 31, 2021[117]. - The company has appointed RaffAello Capital Limited as a compliance advisor to ensure adherence to GEM listing rules[119]. Employee Relations and Compensation - The group had a total of 25 employees, consistent with the previous year[137]. - The group contributed HKD 103,000 to the retirement benefits plan for the year ended March 31, 2021, a decrease of 75.5% from HKD 419,000 in 2020[137]. - The company has adopted a stock option plan to incentivize employees, details of which are available in the annual report[138]. - The company has established long-term employment contracts of four years or more with all senior management to ensure stability[137]. - The company has implemented performance reviews to assess annual bonuses, salary adjustments, and promotions for employees[138]. Shareholder Information - The available distributable reserves for shareholders as of March 31, 2021, amounted to HKD 35,976,007[144]. - The company has no plans for share buybacks or securities repurchases during the year ended March 31, 2021[159]. - The company has a shareholding structure where Mr. Ng holds 293,940,000 shares, representing 73.49% of the issued shares[169]. - The company has adopted a share option scheme with a limit of 10% of the total issued shares, equating to 40,000,000 shares[178]. - The board of directors will consider various factors, including financial performance and future expansion plans, when proposing dividends[167]. - The company’s dividend policy is subject to the board's discretion and compliance with applicable laws and regulations[167]. Legal and Regulatory Matters - The company has not encountered any significant legal violations or regulatory issues affecting its business as of March 31, 2021[133]. - The company confirmed compliance with the non-competition agreement by its controlling shareholders as of March 31, 2021[184]. - The company has maintained appropriate insurance arrangements for its directors and senior management against legal claims arising from corporate activities[186]. - The company has not engaged in any competitive business activities that could conflict with its operations as of March 31, 2021[183]. - No related party transactions or continuing connected transactions were conducted during the fiscal year ending March 31, 2021[188]. Customer and Supplier Relations - Approximately 70.0% of total revenue for the year ended March 31, 2021, came from the top five customers, with the largest customer accounting for about 21.0%[157]. - The group’s procurement from the top five suppliers accounted for approximately 50.0% of total procurement, with the largest supplier representing about 21.1%[157]. - The company has maintained good relationships with suppliers, with no complaints or debt disputes reported as of March 31, 2021[136]. - There were no significant disputes with employees, customers, or suppliers as of March 31, 2021, ensuring smooth business operations[136]. Environmental and Social Responsibility - The company is committed to environmental protection and compliance with relevant laws and regulations[132]. - The company has a shareholder communication policy in place to enhance engagement with shareholders and investors[121].

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].