Financial Performance - The company recorded revenue of approximately HKD 335 million for the year ended March 31, 2019, representing an increase of about 36.1% compared to the previous year[14]. - Profit for the year was HKD 24.8 million, an increase of 181.8% year-on-year[14]. - The company's revenue increased by approximately HKD 88.8 million or 36.1% to about HKD 335 million for the fiscal year ending March 31, 2019, compared to approximately HKD 246.2 million for the previous year[23]. - The company recorded a profit of approximately HKD 24.8 million for the fiscal year ending March 31, 2019, compared to a profit of approximately HKD 8.8 million for the previous year, reflecting a significant increase[33]. - Gross profit increased by approximately HKD 6.6 million or 18.7% to about HKD 41.9 million, but the gross profit margin decreased from 14.3% to 12.5%[25]. - The company reported a significant increase in revenue, achieving a total of $1.2 billion, representing a 15% year-over-year growth[64]. - The company reported a significant increase in revenue, achieving a total of $500 million, representing a 20% year-over-year growth[77]. Dividend Policy - The company does not intend to declare a final dividend for the year ended March 31, 2019[14]. - The board of directors does not intend to declare a final dividend for the fiscal year ending March 31, 2019[170]. - The company has adopted a dividend policy that requires maintaining sufficient cash reserves to meet operational needs and future business growth[171]. - The board may propose and/or declare interim, final, or special dividends based on the company's financial condition and other relevant factors[176]. Assets and Liabilities - Non-current assets increased from HKD 57.2 million in 2018 to HKD 83.8 million in 2019[12]. - Current assets rose significantly from HKD 141.3 million in 2018 to HKD 181.8 million in 2019[12]. - Total assets grew from HKD 198.6 million in 2018 to HKD 265.6 million in 2019[12]. - Current liabilities increased to approximately HKD 117.6 million as of March 31, 2019, compared to HKD 73.7 million as of March 31, 2018, reflecting a rise of about 59.7%[37]. - The group’s cash and bank balances decreased to approximately HKD 27.5 million as of March 31, 2019, down from HKD 42.6 million as of March 31, 2018, a decline of about 35.4%[37]. - The debt-to-equity ratio increased to 51.0% as of March 31, 2019, compared to 33.6% as of March 31, 2018, indicating a significant rise in leverage[38]. Business Strategy and Growth - The management believes that the construction business will maintain strong growth potential due to ongoing large-scale infrastructure projects in Hong Kong[15]. - The company plans to enhance its construction licenses to bid for larger public construction contracts[15]. - There is a focus on strengthening talent and service capabilities within the company[15]. - The company aims to maintain a comprehensive management system and prudent financial management practices[15]. - The company secured 7 new civil engineering contracts during the fiscal year, with a total original contract value of approximately HKD 175.2 million[20]. - The company has increased its bank financing to meet the rising working capital demands due to business expansion and has hired more experienced engineering professionals[22]. - The group aims to maintain stable growth in its construction business, leveraging its strong industry position and past performance to maximize shareholder returns[34]. Operational Efficiency - Administrative expenses increased by approximately HKD 2.2 million or 23.9% to about HKD 11.4 million, primarily due to increased professional fees and higher employee salaries[29]. - Financing costs decreased by approximately HKD 800,000 or 25.0% to about HKD 2.4 million, mainly due to the conversion of loans to shares prior to the listing date[30]. - The total employee cost for the year ended March 31, 2019, was approximately HKD 101.9 million, up from HKD 67.1 million for the year ended March 31, 2018, marking an increase of about 51.7%[48]. - The management team emphasized the importance of operational efficiency, aiming to reduce costs by 10% over the next year[73]. - The company reported a net profit margin of 12%, up from 10% in the previous year, indicating improved operational efficiency[64]. Corporate Governance - The board of directors held 4 meetings during the year ended March 31, 2019, with all directors attending all meetings[97]. - The audit committee held 4 meetings during the year ended March 31, 2019, and reviewed the financial performance for the first three quarters of the fiscal year[108]. - The company has three independent non-executive directors, exceeding one-third of the board, in compliance with GEM Listing Rules[101]. - The company’s internal audit function is deemed effective due to the appointment of an independent internal control consultant[108]. - The chairman and CEO roles are separated, with the chairman overseeing overall planning and strategy, while the CEO manages operations[103]. - The company has established a risk management and internal control system, which is regularly reviewed by the audit committee[108]. - The company has engaged an independent internal control consultant to review its risk management and internal control systems, ensuring ongoing effectiveness[125]. Risk Management - The risk assessment process categorizes risks into strategic, financial, operational, and compliance risks, and evaluates them based on likelihood and potential impact[141]. - The company identified several significant risks during the reporting period, with mitigation plans in place[142]. - The group relies heavily on a few major clients and projects, which poses a risk to securing new projects or clients[144]. - The board conducted an annual review of the risk management and internal control systems, finding them adequate and effective[148]. Market Expansion and Innovation - The company is investing $50 million in research and development for new technologies aimed at enhancing operational efficiency[64]. - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[64]. - The company is considering strategic acquisitions to bolster its service offerings, with a budget of $100 million allocated for potential deals[64]. - New product launches are expected to contribute an additional $200 million in revenue over the next fiscal year[64]. Stock Options and Incentives - The stock option plan allows for a maximum of 40,000,000 shares to be granted, which is 10% of the total issued shares post-IPO[199]. - Participants must pay HKD 1.00 to accept the stock options, with the offer being irrevocable if not accepted by the specified date[199]. - The plan aims to incentivize eligible participants to enhance performance and retain those contributing to the company's long-term development[198]. - The stock options are designed to align the interests of participants with the company's growth and success[198].

Financial Performance - The group reported a revenue increase of approximately HKD 57.9 million or 35.1% to HKD 222.5 million for the nine months ended December 31, 2018, compared to HKD 164.6 million for the same period in 2017[11]. - Profit for the nine months ended December 31, 2018, was approximately HKD 16,000,000, an increase from HKD 7,400,000 for the same period in 2017, representing a growth of 116.2%[21]. - Revenue for the nine months ended December 31, 2018, was HKD 222,475,000, up from HKD 164,618,000 in the same period of 2017, reflecting a growth of 35.1%[25]. - Gross profit for the nine months ended December 31, 2018, was HKD 27,763,000, compared to HKD 25,305,000 for the same period in 2017, indicating an increase of 9.7%[25]. - Basic and diluted earnings per share for the nine months ended December 31, 2018, were HKD 3.99, up from HKD 2.92 for the same period in 2017, reflecting a growth of 36.5%[25]. - The company recorded a pre-tax profit of HKD 19,202,000 for the nine months ended December 31, 2018, compared to HKD 10,427,000 for the same period in 2017, representing an increase of 84.8%[25]. - The company reported a pre-tax profit of HKD 15,969,000 for the nine months ended December 31, 2018, compared to HKD 7,376,000 for the same period in 2017, representing a 116% increase[43]. Costs and Expenses - Direct costs rose by approximately HKD 55.4 million or 39.8% to HKD 194.7 million for the nine months ended December 31, 2018, from HKD 139.3 million in the previous year[12]. - Administrative expenses increased by approximately HKD 3.1 million or 56.6% to HKD 8.5 million for the nine months ended December 31, 2018, primarily due to professional fees and increased employee compensation[17]. - Tax expenses increased by approximately HKD 100,000 or 6.0% to HKD 3,200,000 for the nine months ended December 31, 2018, due to an increase in taxable profits[21]. - The company incurred interest expenses of HKD 1,482,000 for bank loans during the nine months ended December 31, 2018, compared to HKD 959,000 in 2017, reflecting a 54.4% increase[37]. - The company’s tax expense for the nine months ended December 31, 2018, was HKD 3,233,000, slightly up from HKD 3,051,000 in 2017, showing a 6% increase[41]. - The company’s interest expenses for convertible loan notes amounted to HKD 1,520,000 for the nine months ended December 31, 2018, compared to HKD 2,479,000 in 2017, indicating a decrease of 38.8%[37]. - The company’s depreciation expenses for property, plant, and equipment totaled HKD 10,280,000 for the nine months ended December 31, 2018, compared to HKD 15,103,000 in 2017, reflecting a decrease of 31.8%[39]. Contracts and Business Outlook - The group secured five civil engineering contracts with a total original contract value of approximately HKD 93.5 million as of December 31, 2018, bringing the total number of contracts to 40 with a combined value of approximately HKD 554 million[10]. - The company expects continued growth in the construction business, benefiting from increased government infrastructure spending, with an average annual capital expenditure in Hong Kong projected at HKD 250 billion to HKD 300 billion over the next five years[22]. Shareholder Information - Chrysler Investments Limited holds 260,000,000 shares, representing approximately 65% of the company's equity[53]. - Other major shareholders include 鄧肇峰先生 and 析方投資管理有限公司, each holding 40,000,000 shares, which is 10% of the company's equity[53]. - The company did not repurchase any of its own shares during the nine months ended December 31, 2018[60]. - The company adopted a share option scheme on January 24, 2018, but no options have been granted under this scheme since its adoption[61]. - No dividends were declared or proposed for the nine months ended December 31, 2018, consistent with the previous year[47]. Corporate Governance - The company has complied with the corporate governance code as of December 31, 2018[68]. - The audit committee was established on January 24, 2018, consisting of three independent non-executive directors[66]. - The company has no additional disclosure obligations under GEM Listing Rules sections 17.22, 17.23, and 17.24[69]. - The company has established a non-competition agreement with Chrysler Investments Limited effective from the listing date, February 12, 2018[63]. - There were no known conflicts of interest or direct or indirect competition with the company's business during the nine months ended December 31, 2018[64].