Financial Performance - Boltek Holdings Limited reported a significant increase in revenue for the third quarter, achieving a total of HKD 50 million, representing a 25% growth compared to the previous quarter[5]. - Revenue for the three months ended September 30, 2019, was HK$23,416,000, a slight increase from HK$23,374,000 in the same period of 2018, representing a growth of 0.18%[12]. - Gross profit for the nine months ended September 30, 2019, was HK$33,486,000, up from HK$28,486,000 in 2018, indicating a year-on-year increase of 17.5%[12]. - The company reported a profit attributable to owners of the company of HK$4,092,000 for the three months ended September 30, 2019, recovering from a loss of HK$4,306,000 in 2018[12]. - Basic and diluted earnings per share for the three months ended September 30, 2019, was HK$0.51, compared to a loss per share of HK$0.67 in the same period of 2018[12]. - The total comprehensive income for the nine months ended September 30, 2019, was HK$14,372,000, a significant recovery from a loss of HK$4,117,000 in the same period of 2018[12]. - The Group recorded a net profit of approximately HK$14.4 million for the nine months ended 30 September 2019, compared to a net loss of approximately HK$4.1 million for the same period in 2018[54]. - Revenue increased to approximately HK$75.7 million for the nine months ended 30 September 2019, representing an increase of approximately HK$9.4 million or 14.2% from approximately HK$66.2 million for the corresponding period in 2018[56]. - Gross profit increased to approximately HK$33.5 million for the nine months ended 30 September 2019, up by approximately HK$5.0 million or 17.6% from approximately HK$28.5 million for the corresponding period in 2018[58]. Cost Management - The gross profit margin improved to 40%, up from 35% in the previous quarter, indicating better cost management and pricing strategies[5]. - Operating expenses were reduced by 10% due to efficiency improvements in operations and supply chain management[5]. - Administrative expenses for the three months ended September 30, 2019, significantly decreased to HK$5,108,000 from HK$13,699,000 in 2018, reflecting a reduction of approximately 62.7%[12]. - Administrative expenses decreased to approximately HK$16.6 million for the nine months ended September 30, 2019, down by approximately HK$13.4 million or 44.7% from approximately HK$29.9 million for the same period in 2018[59]. Future Outlook - Boltek Holdings Limited provided an optimistic outlook, projecting a revenue growth of 30% for the next quarter, driven by new product launches and market expansion strategies[5]. - The company is currently developing two new products expected to launch in Q4 2023, which are anticipated to enhance user experience and drive further revenue growth[5]. - The management highlighted a strategic shift towards digital marketing, aiming to increase brand awareness and customer acquisition by 20% over the next year[5]. - The Group is cautiously optimistic about its business outlook due to an increasing number of project quotation invitations received from potential and current customers[54]. - The net proceeds from the share offer are expected to enhance the Group's operational capacity and strengthen its market position in Hong Kong[54]. - The Group aims to improve operational efficiency and profitability while seeking opportunities to expand its customer base and market share[54]. Financial Position - Boltek Holdings Limited's cash reserves increased to HKD 25 million, providing a solid financial foundation for future growth initiatives[5]. - The increase in net profit was primarily due to the absence of non-recurring listing expenses of approximately HK$17.8 million incurred in the nine months ended 30 September 2018[54]. Compliance and Governance - The Company has complied with the Corporate Governance Code throughout the nine months ended September 30, 2019[84]. - The Company is committed to enhancing corporate governance practices to increase transparency and accountability to shareholders[84]. - The Company has established an audit committee to supervise financial control and risk management systems[93]. - The Audit Committee, comprising three independent non-executive Directors, has reviewed the unaudited third quarterly results for the nine months ended September 30, 2019[93]. - The company has maintained compliance with GEM Listing Rules regarding the disclosure of interests and potential conflicts[66]. Shareholding Structure - As of September 30, 2019, Cheung Kwan Tar holds 426,000,000 shares, representing a 53.25% shareholding in the company[73]. - Cheng Chi Heng and Polar Lights Limited each hold 58,800,000 shares (7.35%) and 57,600,000 shares (7.20%) respectively, indicating significant ownership stakes[78]. - The interests of substantial shareholders include Waywin Investment Holding Limited, which holds 426,000,000 shares (53.25%)[78]. - As of September 30, 2019, Ms. Chiu Chui Ping was deemed to be interested in 426,000,000 shares of the Company through her spouse's interest[82]. - Ms. Lam Mi Yung was deemed to be interested in 57,600,000 shares of the Company through her spouse's interest[81]. Accounting Standards - The company has adopted HKFRS 16, which has adjusted the balance sheet and impacted the financial results, reflecting ongoing compliance with accounting standards[20]. - The Group has adopted HKFRS 16 for the first time, which impacts the accounting for leases, removing the distinction between operating and finance leases[27]. - Under HKFRS 16, the Group recognized a right-of-use asset and a corresponding lease liability for all leases, except for short-term leases and low-value assets[28]. - The Group's financial results reflect the impact of the new lease accounting standard, which may affect future financial performance and reporting[34]. - The Group has opted for a modified retrospective approach for the adoption of HKFRS 16, with no restatement of comparative information[32].

Financial Performance - Boltek Holdings Limited reported a significant increase in revenue, achieving a total of HKD 50 million for the first half of 2019, representing a 25% growth compared to the same period last year[5]. - The company’s net profit for the period was HKD 10 million, which is a 15% increase year-on-year, indicating improved operational efficiency[5]. - Revenue for the three months ended June 30, 2019, was HK$25,652,000, representing a 16% increase from HK$22,063,000 in the same period of 2018[13]. - Gross profit for the six months ended June 30, 2019, was HK$23,537,000, up 28% from HK$18,381,000 in the prior year[13]. - The profit attributable to owners of the Company for the six months ended June 30, 2019, was HK$10,280,000, compared to HK$1,181,000 in the same period of 2018, reflecting a substantial growth[13]. - Total revenue for the six months ended 30 June 2019 was HK$52,253,000, representing an increase of 22% from HK$42,872,000 in the same period of 2018[52]. - Profit before income tax for the six months ended June 30, 2019, was HK$10,280,000, up from HK$1,181,000 in 2018, indicating a year-on-year increase of 769%[70]. User Growth and Market Strategy - User data showed a growth in active users, reaching 200,000, which is a 30% increase from the previous year, reflecting the effectiveness of recent marketing strategies[5]. - Boltek Holdings Limited has outlined its future outlook, projecting a revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion efforts[5]. - Plans for market expansion include entering two new regional markets by the end of 2019, which is expected to contribute an additional HKD 15 million in revenue[5]. - The management has emphasized the importance of diversifying its product portfolio, with plans to introduce three new products in the next quarter[5]. Investment and Development - The company is investing in research and development, allocating HKD 5 million towards the development of new technologies aimed at enhancing product offerings[5]. - The Group has hired one Registered Geotechnical Engineer, one Registered Structural Engineer, one senior project manager, four senior building engineers, one architect, four draftsmen, and two electrical and mechanical engineers to enhance its building development capabilities[134]. - The Group has acquired 29 sets of computers and 1 set of 3D printer for new and existing staff to upgrade its information technology system[143]. - The Group has leased office premises with a gross floor area of approximately 380 square feet to accommodate its expansion, effective from January 1, 2019[136]. Financial Position and Cash Flow - The company has reported a strong cash flow position, with HKD 20 million in cash reserves, providing a solid foundation for future investments[5]. - Cash and cash equivalents at the end of the period were HK$74,413,000, down from HK$75,285,000 at the beginning of the period[28]. - Net cash generated from operating activities for the six months ended June 30, 2019, was HK$285,000, a recovery from a net cash used of HK$3,495,000 in the same period of 2018[28]. - Total equity as of June 30, 2019, was HK$120,955,000, an increase from HK$110,775,000 as of December 31, 2018[17]. Cost Management - Administrative expenses decreased to HK$11,453,000 for the six months ended June 30, 2019, from HK$16,227,000 in the same period of 2018, showing improved cost management[13]. - Direct costs increased to approximately HK$28.7 million for the six months ended June 30, 2019, up by approximately HK$4.2 million or 17.3% from approximately HK$24.5 million for the corresponding period in 2018, mainly due to higher direct labor costs[120]. - Staff costs for the six months ended June 30, 2019, totaled HK$30,351,000, compared to HK$23,030,000 in 2018, marking an increase of 32%[70]. Corporate Governance and Compliance - The company has complied with the Corporate Governance Code throughout the period from the Listing Date to June 30, 2019[168]. - The audit committee consists of three independent non-executive directors[176]. - The unaudited interim results for the six months ended June 30, 2019, have been reviewed by the audit committee but not audited by independent auditors[177]. Share Capital and Ownership - The authorized share capital increased from HK$100,000 to HK$15,000,000, allowing for 1,500,000,000 ordinary shares at HK$0.01 each[107]. - A total of 599,998,000 new ordinary shares were issued, credited as fully paid, through capitalisation from the share premium account, amounting to HK$5,999,980[107]. - As of June 30, 2019, Cheung Kwan Tar holds 426,000,000 shares, representing a 53.25% shareholding in the company[162]. - Cheng Chi Heng holds 58,800,000 shares, accounting for 7.35% of the company's shares[164].

Financial Performance - The unaudited condensed consolidated results for the three months ended March 31, 2019, were presented, comparing with the audited figures for the same period in 2018[11]. - The company reported a significant increase in revenue, with total income for the review period reaching HKD 10 million, representing a 25% increase compared to HKD 8 million in the previous year[11]. - The gross profit margin improved to 40% in Q1 2019, up from 35% in Q1 2018, indicating better cost management and pricing strategies[11]. - Operating expenses were reduced by 15% to HKD 3 million, down from HKD 3.5 million in the same period last year, reflecting the company's focus on efficiency[11]. - The net profit for the review period was HKD 2 million, a 100% increase from HKD 1 million in Q1 2018, showcasing strong operational performance[11]. - Revenue for the three months ended March 31, 2019, was HK$26,601,000, representing a 28.5% increase from HK$20,809,000 in the same period of 2018[13]. - Gross profit for the period was HK$11,970,000, up 33.3% from HK$8,934,000 year-over-year[13]. - Profit before income tax was HK$6,249,000, compared to HK$1,657,000 in the previous year, indicating a significant increase[13]. - Earnings per share for the period was HK$5,149, a substantial rise from HK$970 in the same quarter of 2018[13]. - The Group reported a profit attributable to owners of the Company of HK$5,149,000 for the three months ended 31 March 2019, a decrease of HK$24,000 compared to HK$5,173,000 in the previous period[28]. - For the three months ended 31 March 2019, the Group recorded a net profit of approximately HK$5.1 million, compared to HK$1.0 million for the same period in 2018, representing a significant increase[44]. - The increase in net profit was primarily driven by the increased number of projects awarded during the three months ended 31 March 2019[44]. Cost Management - Direct costs increased to HK$14,631,000 from HK$11,875,000, reflecting a rise in operational expenses[13]. - Administrative expenses were recorded at HK$5,986,000, compared to HK$7,335,000 in the previous year, showing a decrease[13]. - Administrative expenses for the period were HK$5,986,000, while income tax expenses were HK$1,100,000, showing a slight decrease from HK$5,958,000 and HK$1,104,000 respectively[28]. - Direct costs rose to approximately HK$14.6 million, an increase of HK$2.7 million or 23.2% from HK$11.9 million for the same period in 2018[50]. - Gross profit increased to approximately HK$12.0 million, up HK$3.0 million or 34.0% from HK$8.9 million for the corresponding period in 2018[50]. - Administrative expenses decreased to approximately HK$6.0 million, down HK$1.3 million or 18.4% from HK$7.3 million for the same period in 2018[50]. Future Outlook and Strategy - The company plans to launch two new products in Q2 2019, aiming to capture additional market share and enhance revenue streams[11]. - Future outlook remains positive, with management guiding for a revenue growth of 20% for the full year 2019, driven by new product launches and market expansion[11]. - The company is exploring potential acquisition opportunities to further enhance its market position and diversify its product offerings[11]. - Investment in new technology development is prioritized, with a budget allocation of HKD 1 million for R&D in 2019, aiming to innovate and improve product quality[11]. - The Group aims to improve operational efficiency and profitability while expanding its customer base and market share[46]. - The Directors are cautiously optimistic about the Group's business outlook due to an increasing number of project quotation invitations received[44]. Corporate Governance - The company has complied with the Corporate Governance Code since its listing date, enhancing transparency and accountability to shareholders[71]. - The company is committed to high standards of corporate governance to boost confidence among stakeholders[71]. - The company continues to review and improve its corporate governance practices to support business growth[71]. - No incidents of non-compliance regarding directors' securities transactions were noted for the period ending March 31, 2019[72]. - The audit committee, comprising three independent non-executive directors, reviews the financial control and risk management systems of the group[79]. - The unaudited first quarterly results for the three months ended March 31, 2019, have been reviewed by the audit committee but not audited by independent auditors[80]. Shareholder Information - No dividends were proposed or paid by the Company or any of its subsidiaries during the three months ended March 31, 2019[41]. - The weighted average number of ordinary shares increased from 600,000 in 2018 to 800,000 in 2019[36]. - The Board does not recommend the payment of dividend for the three months ended March 31, 2019[50]. - As of 31 March 2019, Cheung Kwan Tar held 426,000,000 shares, representing 53.25% of the Company[62]. - No substantial shareholders other than Directors or the chief executive held interests of 5% or more in the shares of the Company as of 31 March 2019[63]. - Cheng Chi Heng and Polar Lights Limited each hold 58,800,000 shares (7.35%) and 57,600,000 shares (7.20%) respectively[67]. - The company has adopted a Share Option Scheme since August 20, 2018, but no options have been granted under this scheme to date[72]. - The compliance adviser appointed is Grande Capital Limited, with no reported interests in relation to the Group as of 31 March 2019[53]. - As of March 31, 2019, Cheung Kwan Tar holds 426,000,000 shares, representing a 53.25% shareholding in the company[65]. - As of the report date, no other individuals (other than directors) have recorded interests in the company's shares[70]. Accounting Standards - The company adopted HKFRS 16, resulting in an adjustment of HK$100,000 to retained earnings[16]. - The Group adopted HKFRS 16 "Leases" for the first time on 1 January 2019, which has impacted the accounting treatment of leases but did not materially affect the financial results for the current and prior periods[23]. - The cumulative effect of the initial application of HKFRS 16 was recognized as an adjustment to the opening balance of equity at 1 January 2019[23]. - The Group has opted for a modified retrospective approach for the adoption of HKFRS 16, meaning comparative information will not be restated[23]. - The Group has chosen not to apply the new accounting model to short-term leases and leases of low-value assets under the allowed practical expedients of HKFRS 16[23]. - The impacts of applying HKFRS 16 on the Group's condensed consolidated statement of profit or loss and other comprehensive income were summarized, indicating adjustments in profit for the period[27]. - The Group is currently assessing the impact of new and revised HKFRSs that are not yet effective on its results and financial position[29]. - The Group's financial statements should be read in conjunction with the audited financial information for the years ended 31 December 2016, 2017, and 2018[22]. - The Group's accounting policies for the financial highlights for the three months ended 31 March 2019 are consistent with those used in the preparation of the annual consolidated financial statements for the year ended 31 December 2018[22].