香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 KINETIX SYSTEMS HOLDINGS LIMITED 倢 冠 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8606） 2023第 一 季 度 業 績 公 告 倢冠控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其 附屬公司（統稱「本集團」）截至2023年3月31日止三個月之未經審核簡明綜合財 務業績。本公告列載本集團2023年第一季度業績報告全文，乃符合香港聯合交 易所有限公司（「聯交所」）GEM證券上市規則（「GEM上市規則」）中有關第一季度 業績初步公告附載的資料之相關要求。 承董事會命 倢冠控股有限公司 主席 余漢 香港，2023年5月15日 ...

Financial Performance - For the fiscal year 2022, the company recorded revenue of approximately HKD 2,947 million, an increase of about 16.0% compared to the fiscal year 2021[11]. - The gross profit for the fiscal year 2022 was approximately HKD 502 million, a slight increase of about 1.2% from the previous year[11]. - The company reported a total comprehensive loss attributable to owners of approximately HKD 699 million for the fiscal year 2022[11]. - The company reported a net loss attributable to equity shareholders of approximately HKD 67.1 million for the fiscal year 2022, compared to a net loss of approximately HKD 20.3 million in fiscal year 2021, an increase of HKD 46.8 million[33]. - The company's administrative expenses for the fiscal year 2022 were approximately HKD 1,033 million, an increase of about HKD 433 million or 72.1% from HKD 600 million in 2021[61]. - The gross profit margin decreased from approximately 19.6% in 2021 to about 17.1% in 2022, mainly due to increased outsourcing costs and lower margins in entertainment products[59]. - The net loss for the fiscal year 2022 was approximately HKD 699 million, compared to a net loss of approximately HKD 214 million in 2021, primarily due to an increase in intangible asset impairment losses[62]. Business Strategy and Outlook - The company anticipates that the easing of COVID-19 measures and the reopening of borders in Hong Kong and China will have a positive impact on its business[12]. - The company plans to accelerate the integration of its IT infrastructure and development solutions services in China to create optimal results for shareholders[12]. - The company aims to expand its technology and development solutions services in China and cultivate the new energy vehicle industry[12]. - The company believes that the expansion of its business will enhance its capabilities in smart IT technology and development solutions[12]. - The company is focused on developing and nurturing the new energy vehicle industry as part of its future growth strategy[40]. - Future outlook remains positive, with management expressing confidence in achieving long-term growth targets[17]. Revenue Segmentation - Revenue from the IT infrastructure solutions segment was approximately HKD 114.1 million, accounting for about 38.7% of total revenue for fiscal year 2022, representing a 9.6% increase from approximately HKD 104.1 million in fiscal year 2021[34]. - Revenue from the IT development solutions segment was approximately HKD 123.4 million, accounting for about 41.9% of total revenue for fiscal year 2022, reflecting a 16.4% increase from approximately HKD 106.0 million in fiscal year 2021[35]. - Revenue from the IT maintenance and support services segment surged by approximately 117.1% to about HKD 55.2 million, accounting for approximately 18.7% of total revenue for fiscal year 2022, up from about HKD 25.4 million in fiscal year 2021[36]. - Revenue from the entertainment products segment decreased significantly by approximately 89.4% to about HKD 2.0 million, representing only 0.7% of total revenue for fiscal year 2022, down from approximately HKD 18.6 million in fiscal year 2021[39]. Risk Management - The company has identified several key risks, including reliance on a few major suppliers, which could significantly impact operational performance[44]. - The company faces potential credit risks from customers, which could adversely affect financial performance[44]. - The company has adopted a risk management policy to identify, assess, and manage significant risks related to its business operations[146]. - The company is monitoring foreign exchange risks due to operations in China[46]. - The company acknowledges the uncertainty in future revenue streams due to project-based IT initiatives[47]. Corporate Governance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15 and believes it has complied with the code throughout the 2022 financial year, with some exceptions noted[89]. - The board of directors believes that the risk of legal action against directors is relatively low due to effective risk management and internal control systems, thus deeming insurance for directors unnecessary[91]. - The company has established three board committees: audit, remuneration, and nomination, each with clear written terms of reference[112]. - The independent non-executive directors have confirmed their independence annually, in line with GEM Listing Rule 5.09[105]. - The company has committed to continuously reviewing its corporate governance practices to meet increasing expectations from investors and regulators[99]. Employee and Community Engagement - The company acknowledges the significant efforts and contributions of its employees in achieving business goals[13]. - Total employee costs for the fiscal year 2022 amounted to approximately HKD 80.7 million, an increase from approximately HKD 70.4 million in fiscal year 2021[72]. - The company made charitable donations totaling approximately HKD 8,600 in fiscal year 2022, compared to HKD 2,800 in 2021[81]. Shareholder Communication - The company’s communication policy ensures shareholders are informed and can exercise their rights effectively[149]. - The company has established multiple channels for communication with shareholders, including financial reports and annual general meetings[151]. Stock Options and Shareholding - The stock option plan was adopted to incentivize eligible participants and is valid for 10 years from June 22, 2018, until June 21, 2028[186][187]. - The company granted a total of 80,000,000 stock options under the stock option plan, with a maximum of 1% of the total issued shares allowed to be granted to each participant within any twelve-month period[191]. - As of December 31, 2022, a total of 66,500,000 stock options were available for issuance after all options granted under the plan were exercised, representing approximately 6.9% of the total issued shares[194]. - The total number of stock options exercised in the 2021 fiscal year was 3,900,000, with no options canceled and 9,600,000 options lapsing[194].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 KINETIX SYSTEMS HOLDINGS LIMITED 倢 冠 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8606） 截 至2022年12月31日 止 年 度 末 期 業 績 公 告 倢冠控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附 屬公司（統稱「本集團」）截至2022年12月31日止年度之經審核綜合業績。本公告 列載本集團2022年年報全文，乃符合香港聯合交易所有限公司（「聯交所」）GEM 證券上市規則（「GEM上市規則」）中有關末期業績初步公告附載的資料之相關 要求。 承董事會命 倢冠控股有限公司 主席 余漢 香港，2023年3月31日 ...

Financial Performance - For the nine months ended September 30, 2022, the total revenue of Kinetix Systems Holdings Limited was approximately HKD 204.57 million, an increase of about 23.2% compared to the same period in 2021[8]. - The gross profit for the nine months ended September 30, 2022, was approximately HKD 37.07 million, representing an increase of about 17.6% year-over-year[9]. - The company recorded a net loss of approximately HKD 19.84 million for the nine months ended September 30, 2022, compared to a net loss of approximately HKD 14.73 million for the same period in 2021[9]. - The basic and diluted loss per share for the nine months ended September 30, 2022, was HKD 2.01, compared to HKD 1.68 for the same period in 2021[12]. - The total comprehensive loss for the nine months ended September 30, 2022, was approximately HKD 19.77 million, compared to HKD 14.73 million for the same period in 2021[14]. - The company reported a pre-tax loss of approximately HKD 19.74 million for the nine months ended September 30, 2022[12]. - The total operating expenses, including selling and administrative expenses, amounted to approximately HKD 45.42 million for the nine months ended September 30, 2022[12]. - The total operating expenses for the nine months ended September 30, 2022, amounted to HKD 100,084,000, up from HKD 65,943,000 in the previous year, marking an increase of approximately 52%[37]. - The company’s gross profit margin for the nine months ended September 30, 2022, was approximately 51%, compared to 60% for the same period in 2021, indicating a decline in profitability[37]. Revenue Breakdown - Revenue from IT infrastructure solutions for the nine months ended September 30, 2022, was HKD 66,636,000, up 26.3% from HKD 52,778,000 in the previous year[28]. - Revenue from IT maintenance and support services increased significantly to HKD 44,161,000 for the nine months ended September 30, 2022, compared to HKD 20,428,000 in the same period of 2021, marking a 116.5% growth[28]. - The company’s revenue from IT development solutions for the nine months ended September 30, 2022, was HKD 92,707,000, an increase from HKD 79,256,000 in the previous year[28]. - Revenue from entertainment products for the nine months ended September 30, 2022, was HKD 1,067,000, down from HKD 13,565,000 in the same period of 2021[28]. - The company reported a revenue of approximately HKD 66.6 million from IT infrastructure solutions, accounting for 32.6% of total revenue, which is an increase of 26.3% from approximately HKD 52.8 million in the same quarter of 2021[55]. - Revenue from IT development solutions was approximately HKD 92.7 million, representing 45.3% of total revenue, an increase of 17.0% from approximately HKD 79.3 million in the previous year[57]. - IT maintenance and support services generated revenue of approximately HKD 44.2 million, a significant increase of 116.2% from approximately HKD 20.4 million in the same quarter of 2021, accounting for 21.6% of total revenue[58]. - The entertainment products segment saw a drastic decline in revenue to approximately HKD 1.1 million, down 92.1% from approximately HKD 13.6 million in the previous year, representing only 0.5% of total revenue[59]. Equity and Assets - The equity total as of September 30, 2022, was HKD 131,320,000, a decrease from HKD 97,902,000 at the beginning of the year[17]. - The company’s total assets as of September 30, 2022, were reported at HKD 500,000,000, reflecting a growth from HKD 450,000,000 in the previous year[33]. - The company’s total equity as of September 30, 2022, included non-controlling interests amounting to HKD (1,960,000)[17]. - The company’s bank borrowings as of September 30, 2022, amounted to HKD 2.71 million, a decrease from HKD 11.72 million as of December 31, 2021[51]. - The group’s debt-to-equity ratio as of September 30, 2022, was 25.8%, a decrease from 28.0% as of December 31, 2021[71]. Dividends and Shareholder Information - The board of directors did not recommend the payment of a quarterly dividend for the nine months ended September 30, 2022[10]. - The company did not declare any dividends for the nine months ending September 30, 2022[114]. - The company’s major shareholder, Vigorous King Limited, holds approximately 41.54% of the company’s shares, fully owned by Mr. Yu Hanxuan[94]. - Mr. Yu Hanxuan holds 400,360,000 shares, representing 41.54% of the company[91]. - As of September 30, 2022, Vigorous King Limited holds 400,360,000 shares, representing 41.54% of the company's equity[6]. Employee and Operational Insights - The total employee cost for the quarter was approximately HKD 58.9 million, compared to HKD 46.8 million in the same quarter of 2021, reflecting a year-over-year increase of about 25%[107]. - The group had a total of 165 employees as of September 30, 2022, an increase from 151 employees a year earlier[107]. - The company has enhanced its professional team's expertise with an investment of HKD 1.75 million, which has been fully utilized[89]. - The company has developed a technology support center to improve service quality, with an investment of HKD 2.92 million, fully utilized[89]. Future Plans and Market Strategy - The company plans to expand its market presence and invest in new technology solutions to enhance service offerings in the upcoming fiscal year[33]. - The company plans to focus on existing business segments to enhance competitiveness and explore new business divisions through the integration of IT infrastructure and development solutions[63]. Compliance and Reporting - The company’s financial statements were prepared in accordance with Hong Kong Financial Reporting Standards and were not audited but reviewed by the audit committee[20]. - The company’s financial statements were prepared in accordance with applicable accounting standards and regulations[113]. - The board confirmed compliance with the code of conduct for securities trading throughout the reporting period[103]. - There were no significant events after the reporting period that were disclosed[116]. Challenges and Risks - The ongoing COVID-19 pandemic has adversely affected the company's overall business and short-term performance due to project delays and challenges in signing new contracts[62]. - The increase in losses was primarily due to a rise in salary expenses by approximately HKD 6.7 million, an increase in expected credit loss provisions by approximately HKD 2.6 million, and depreciation and amortization rising by approximately HKD 1.3 million[54].

Financial Performance - For the six months ended June 30, 2022, the total revenue of Kinetix Systems Holdings Limited was approximately HKD 141.3 million, an increase of about 25.7% compared to the same period in 2021[9]. - The gross profit for the same period was approximately HKD 23.6 million, representing a 22.4% increase year-over-year[10]. - The company recorded a net loss of approximately HKD 14.8 million for the six months ended June 30, 2022, compared to a net loss of approximately HKD 10.0 million for the same period in 2021[10]. - Total revenue for the six months ended June 30, 2022, reached HKD 141,317,000, a 25.7% increase from HKD 112,385,000 in the same period of 2021[35]. - The company reported a basic and diluted loss per share of HKD 1.42 for the six months ended June 30, 2022, compared to HKD 1.11 for the same period in 2021[13]. - The company reported a pre-tax loss of HKD 18,410,000 for the three months ended June 30, 2022, compared to a profit of HKD 27,702,000 for the same period in 2021[44]. - The company recorded a loss of approximately HKD 14.8 million for the first half of 2022, compared to a loss of HKD 10 million in the same period of 2021, primarily due to increased sales and administrative expenses[88]. Revenue Breakdown - Revenue from IT infrastructure solutions services for the six months ended June 30, 2022, was HKD 47,286,000, up 22.8% from HKD 38,507,000 for the same period in 2021[35]. - Revenue from IT maintenance and support services increased to HKD 32,306,000 for the six months ended June 30, 2022, compared to HKD 16,160,000 in the previous year, marking a growth of 100.5%[35]. - Revenue from the Hong Kong market for the six months ended June 30, 2022, was HKD 138,566,000, an increase of 25% from HKD 110,852,000 in the same period of 2021[32]. - Revenue from external customers for the six months ended June 30, 2022, was HKD 141,317,000, with a breakdown of HKD 47,286,000 from IT solutions, HKD 60,840,000 from IT development services, and HKD 32,306,000 from maintenance and support services[40]. - Revenue from the IT development solutions segment increased by approximately 28.2% from about HKD 47.4 million in the 2021 interim period to about HKD 60.8 million in the 2022 interim period, accounting for approximately 43.0% of total revenue[71]. - The IT maintenance and support services segment generated revenue of approximately HKD 32.3 million, a 100% increase from HKD 16.2 million in the previous year, accounting for about 22.9% of total revenue[76]. Assets and Liabilities - As of June 30, 2022, total assets amounted to approximately HKD 233.9 million, a decrease from HKD 241.7 million as of December 31, 2021[18]. - The company’s non-current assets totaled approximately HKD 80.4 million as of June 30, 2022, compared to HKD 81.5 million at the end of 2021[18]. - Total equity as of June 30, 2022, is HKD 114,823,000, a decrease of 11.4% from HKD 129,603,000 as of December 31, 2021[21]. - Total liabilities increased to HKD 119,049,000 as of June 30, 2022, compared to HKD 112,100,000 as of December 31, 2021, representing a rise of 6.5%[21]. - Trade receivables as of June 30, 2022, amounted to HKD 75.5 million, a decrease from HKD 85.1 million as of December 31, 2021[58]. - Trade payables as of June 30, 2022, were HKD 27.5 million, down from HKD 39.0 million as of December 31, 2021[61]. Cash Flow and Financing - The company reported a net cash outflow from financing activities of HKD 8,828,000 for the six months ended June 30, 2022, compared to an outflow of HKD 6,212,000 in the previous year[24]. - Cash and cash equivalents decreased by HKD 3,208,000 to HKD 27,419,000 as of June 30, 2022, from HKD 25,720,000 as of June 30, 2021[24]. - As of June 30, 2022, the company had cash and cash equivalents of approximately HKD 27.4 million, down from HKD 30 million at the end of 2021, with a debt ratio of 30.2%[89]. - The group incurred sales and administrative expenses increase of approximately HKD 7.9 million, primarily due to increased salary expenses from a rise in the number of sales and general staff[70]. Corporate Governance and Management - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2022, consistent with the previous year[52]. - The company has adopted a code of conduct for directors' securities trading, ensuring compliance throughout the reporting period[119]. - The company believes that the risk of legal actions against directors is relatively low due to effective risk management and internal control systems[122]. - The company has complied with the corporate governance code, with a noted deviation regarding the roles of the chairman and CEO being held by the same individual[121]. - The audit committee was established on June 22, 2018, in accordance with GEM listing rules[127]. - The audit committee reviewed the unaudited financial statements for the six months ending June 30, 2022, and found them compliant with applicable accounting standards and regulations[127]. Employee and Compensation - As of June 30, 2022, the total employee cost was approximately HKD 39.6 million, an increase from HKD 29 million in the same period of 2021, reflecting a growth of about 36.2%[94]. - The company had a total of 172 employees as of June 30, 2022, compared to 136 employees as of June 30, 2021, indicating an increase of approximately 26.5%[94]. - Total compensation for key management personnel for the six months ended June 30, 2022, amounted to HKD 1,458,000, down from HKD 2,195,000 in the previous year[48]. Future Outlook - The company plans to continue exploring new business opportunities and enhancing competitiveness, particularly in IT infrastructure and development solutions[81]. - The company anticipates further strengthening its liquidity through cash generated from operations and funds raised from its listing on the GEM[89].

Financial Performance - For the three months ended March 31, 2022, the total revenue of Kinetix Systems Holdings Limited was approximately HKD 64.3 million, an increase of about 8.8% compared to the same period in 2021[7]. - The gross profit for the same period was approximately HKD 9.7 million, a decrease of about 27.8% compared to the previous year[8]. - The company recorded a net loss of approximately HKD 10.1 million for the three months ended March 31, 2022[9]. - The total comprehensive loss for the period amounted to approximately HKD 10.6 million, compared to a loss of HKD 781,000 in the same period last year[14]. - The basic and diluted loss per share for the three months ended March 31, 2022, was HKD 1.02, compared to HKD 0.05 for the same period in 2021[12]. - The group reported a pre-tax loss of HKD 9,844,000 for the three months ended March 31, 2022, compared to a loss of HKD 410,000 for the same period in 2021[46]. - The company's gross profit decreased by approximately 28.1% to about HKD 9.7 million, with a gross margin dropping from approximately 22.8% in 2021 to about 15.1% in 2022[66]. - Administrative expenses increased by approximately 40.4% to about HKD 16 million, primarily due to increased employee costs and additional office rental expenses[68]. Revenue Breakdown - The group's revenue for the three months ended March 31, 2022, was HKD 64,319,000, an increase of 8.4% compared to HKD 59,111,000 for the same period in 2021[23]. - Revenue from IT infrastructure solutions services was HKD 23,372,000, up 34.4% from HKD 17,427,000 in the previous year[24]. - Revenue from IT development solutions services decreased to HKD 28,108,000, down 7.8% from HKD 30,504,000 in the same period last year[24]. - Revenue from the IT infrastructure solutions segment was approximately HKD 23.4 million, accounting for about 36.3% of total revenue, and increased by approximately 34.1% from about HKD 17.4 million in the previous year[58]. - Revenue from the IT development solutions segment decreased by approximately 7.9% to about HKD 28.1 million, representing about 43.7% of total revenue, down from approximately HKD 30.5 million in the previous year[59]. - Revenue from IT maintenance and support services increased by approximately 50.4% to about HKD 11.6 million, accounting for about 18.1% of total revenue, up from approximately HKD 7.7 million in the previous year[61]. - The group reported a total of HKD 1,200,000 in revenue from entertainment products for the three months ended March 31, 2022[27]. Dividend and Shareholder Information - The board of directors did not recommend the payment of a quarterly dividend for the three months ended March 31, 2022[10]. - The group did not recommend any dividend payment for the three months ended March 31, 2022, consistent with the previous year[41]. - Major shareholders included Vigorous King Limited, holding approximately 43.05% of the company's shares[96]. - The board has decided not to declare any dividends for the three months ending March 31, 2022[110]. Employee and Operational Insights - As of March 31, 2022, the company had a total of 180 employees, an increase from 128 employees as of March 31, 2021[76]. - Total employee costs for the quarter were approximately HKD 20.3 million, compared to approximately HKD 13.5 million in the same quarter of 2021, reflecting a year-over-year increase of about 50.37%[76]. - The company did not engage in any significant acquisitions or disposals of subsidiaries or associates during the quarter[75]. Financial Position and Debt - The group had bank borrowings of HKD 10,013,000 as of March 31, 2022, down from HKD 11,717,000 as of December 31, 2021[54]. - The company had cash and cash equivalents of approximately HKD 41.3 million as of March 31, 2022, compared to HKD 30 million as of December 31, 2021[71]. - The company's debt-to-equity ratio was 35.2% as of March 31, 2022, up from 28.0% as of December 31, 2021[71]. - The company had a total of HKD 31 million in secured bank financing as of March 31, 2022, unchanged from December 31, 2021[84]. Strategic Plans and Market Response - The company plans to expand its customer base and improve cost control while actively adjusting its business strategies in response to market changes and the ongoing impact of COVID-19[63]. - The timeline for utilizing the remaining net proceeds is expected to extend to December 31, 2022, due to macroeconomic conditions and the impact of the Omicron COVID-19 variant[107]. Governance and Compliance - The company has adopted the corporate governance code as per GEM listing rules and believes it has complied with the code, except for the dual role of the chairman and CEO[100]. - As of March 31, 2022, there were no known interests or businesses competing with the company's operations among its directors or major shareholders[103]. - The company has not made any insurance arrangements for potential legal actions against its directors, citing low risk due to effective risk management systems[101]. Investments and Future Plans - The company has fully utilized funds for developing IT solutions tailored for the financial and insurance industries, expanding ERP systems, and enhancing service quality through a technical support center[106]. - The company has allocated HKD 9.15 million for providing cloud computing and IoT products, with HKD 9.08 million already utilized[104]. - The company plans to enhance its professional team's expertise with an allocation of HKD 1.75 million, which has been fully utilized[104]. Risk Management - The company did not adopt any hedging strategies for foreign currency risks during the quarter, which primarily stemmed from transactions in USD and EUR[85]. - There were no significant foreign currency risks reported for the quarter, as most transactions were conducted in HKD and RMB[85]. Other Information - The company did not purchase, sell, or redeem any of its listed securities during the quarter[86]. - The company has not disclosed any interests or short positions that require reporting under the Securities and Futures Ordinance as of March 31, 2022[99]. - No significant events occurred after the reporting period, aside from those disclosed in other parts of the report[112].

Financial Performance - For the fiscal year 2021, the company reported revenue of approximately HKD 254.1 million, a decrease of about 10.0% compared to the fiscal year 2020[11]. - The gross profit for the fiscal year 2021 was approximately HKD 49.7 million, showing a slight increase of about 4.4%[11]. - The company recorded a consolidated net loss attributable to owners of approximately HKD 20.3 million for the fiscal year 2021[11]. - The company reported a significant increase in user data, with a year-over-year growth of 25% in active users[37]. - Revenue for the last quarter reached $150 million, representing a 15% increase compared to the previous quarter[37]. - The company has outlined a future outlook with a projected revenue growth of 20% for the next fiscal year[37]. - New product launches are expected to contribute an additional $30 million in revenue over the next two quarters[37]. - The company is investing in new technology development, allocating $5 million towards AI and machine learning initiatives[37]. - The company has reported a 12% increase in gross margin, attributed to cost optimization measures[37]. - The company recorded a loss attributable to equity shareholders of approximately HKD 20.3 million for the fiscal year 2021, compared to a profit of approximately HKD 10.3 million in fiscal year 2020, primarily due to a decrease in other income and government subsidies by approximately HKD 6.5 million and an increase in employee costs by approximately HKD 13.1 million[39]. Business Strategy and Development - The company aims to balance short-term performance with long-term goals through clear strategic implementation[11]. - The group has established a headquarters in China in 2021 to diversify its business and seek new opportunities[12]. - The group has acquired exclusive agency rights for LED products, aiming to diversify its business and create potential synergies with existing IT consulting services[12]. - The integration of LED products with the group's current IT consulting services is expected to unlock significant potential for revenue and profit growth in the future[12]. - The group plans to accelerate the integration of IT infrastructure and development solutions, participating in more smart city infrastructure projects in China and overseas[12]. - The group aims to enter the smart mobility sector through the development of Mobility as a Service (MaaS)[12]. - The company plans to continue its business strategy outlined in the prospectus, including the development of IT solutions tailored for the financial and insurance industries and expanding the application of ERP systems in IT development solutions[45]. Market and Economic Conditions - The ongoing COVID-19 pandemic has significantly impacted global business activities, leading to project suspensions and reduced revenue levels[11]. - The group anticipates that global and Hong Kong economic uncertainties, along with the COVID-19 pandemic, may adversely affect business and overall short-term performance[12]. - The company is focused on achieving sales and profit growth amidst the uncertainties caused by the pandemic[11]. - The company anticipates challenges in the business environment due to global COVID-19 impacts, leading to expected order reductions and pressure on profit growth in the short term[61]. Operational Performance - Revenue from the IT infrastructure solutions segment was approximately HKD 104.1 million, accounting for about 41.0% of total revenue for fiscal year 2021, a decrease of approximately 21.9% from HKD 133.3 million in fiscal year 2020[40]. - Revenue from the IT development solutions segment increased by approximately 42.1% to about HKD 106.0 million, representing approximately 41.7% of total revenue for fiscal year 2021, driven by a significant increase in the number of projects undertaken[41]. - Revenue from IT maintenance and support services decreased by approximately 8.3% to about HKD 25.4 million, accounting for approximately 10.0% of total revenue for fiscal year 2021, due to a reduction in the average project size[42]. - Revenue from the entertainment products segment decreased significantly by approximately 60.3% to about HKD 18.6 million, representing approximately 7.3% of total revenue for fiscal year 2021, primarily due to a decrease in total orders and average order value[44]. Governance and Compliance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15 and believes it has complied during the fiscal year 2021, with some deviations noted[90]. - The board believes that the risk of directors facing lawsuits is relatively low due to effective risk management and internal control systems[91]. - The audit committee reviewed the accounting principles and practices adopted by the group and found that the financial statements were prepared in accordance with applicable accounting standards[95]. - The board is responsible for the overall management of the group's business and ensuring sustainable value for shareholders[100]. - The board regularly reviews the compliance with corporate governance codes and policies, ensuring high standards of governance are maintained[102]. - The company has established three board committees: audit committee, remuneration committee, and nomination committee, each with clear written terms of reference[112]. Risk Management - The company is committed to ongoing risk management practices, with frameworks evaluated at least annually to align with business objectives[57]. - The company has implemented a comprehensive risk management policy to identify, assess, and manage significant risks related to its business operations[150]. - The board and senior management review the effectiveness of the internal control systems annually, providing reasonable assurance regarding the company's operations[150]. Shareholder Information - The board of directors has approved a dividend payout of $0.50 per share, reflecting a commitment to returning value to shareholders[37]. - The company did not recommend the payment of a final dividend for the fiscal year 2021[165]. - The company's reserves available for distribution to shareholders were approximately HKD 78.8 million as of December 31, 2021[171]. - Approximately 25.9% of the total sales for the fiscal year came from the top five customers, with the largest customer accounting for about 6.4%[172]. Employee and Management - The total employee cost for fiscal year 2021 was approximately HKD 70.4 million, compared to approximately HKD 51.3 million in fiscal year 2020, reflecting an increase in employee numbers due to business development[77]. - The company may face difficulties in retaining skilled personnel, which could significantly hinder business operations and financial performance[56]. - The company has committed to continuous professional development for all directors to enhance their knowledge and skills[111]. Share Options and Equity - The total number of share options granted under the share option scheme is capped at 80,000,000 shares, with a maximum of 1% of issued shares exercisable within any twelve-month period[196]. - As of December 31, 2021, there are 66,500,000 unexercised share options remaining from the total granted[196]. - The share option scheme was adopted for a period of 10 years, effective from June 22, 2018, until June 21, 2028[193]. - The company aims to incentivize eligible participants through the share option scheme to enhance performance efficiency and retain talent[189].

kinetix Kinetix Systems Holdings Limited 捷冠控股有限公司 (於開臺群島註冊成立的有限公司) 股份代號 : 8606 U 2021 第三季度報告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上 市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並 應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣之證券 承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示概不會就因本報告全部或任何部分內容而產生或 因倚賴該等內容而引起之任何損失承擔任何責任。 本報告的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有 關倢冠控股有限公司（「本公司」，連同其附屬公司統稱「本集團」或「我們」）的資料； 本公司董事（「董事」或各自為一名「董事」）願就本報告的資料共同及個別地承擔全部 ...

Financial Performance - Kinetix Systems Holdings Limited reported a significant increase in revenue, achieving a total of HKD 100 million, representing a growth of 25% year-over-year[9]. - For the six months ended June 30, 2021, the total revenue of the group was approximately HKD 112.4 million, a decrease of about 29.4% compared to the same period in 2020[25]. - The company reported a gross profit margin of 40%, indicating strong operational efficiency and cost management[9]. - For the same period, the gross profit was approximately HKD 19.3 million, down approximately 19.2% year-on-year[26]. - The group recorded a net loss of approximately HKD 10 million for the six months ended June 30, 2021, compared to a net profit of approximately HKD 1.4 million for the same period in 2020[26]. - The company reported a loss before tax of HKD 9,772,000 for the six months ended June 30, 2021, compared to a profit of HKD 2,334,000 in the same period of 2020[29]. - The company reported a loss per share of HKD 1.11 for the six months ended June 30, 2021, compared to earnings per share of HKD 0.30 in the same period of 2020[29]. - The company reported a pre-tax profit of HKD 1,125,000 for the six months ended June 30, 2021, compared to HKD 2,024,000 for the same period in 2020[64]. - The company recorded a loss attributable to owners of approximately HKD 9,361,000 for the six months ended June 30, 2021, compared to a profit of HKD 2,409,000 for the same period in 2020[69]. Revenue Breakdown - Revenue from IT infrastructure solutions services was HKD 38,507,000 for the six months ended June 30, 2021, compared to HKD 103,978,000 for the same period in 2020, reflecting a decline of 63.0%[50]. - Revenue from IT development solutions services increased significantly to HKD 47,441,000 for the six months ended June 30, 2021, up from HKD 26,888,000 in the same period of 2020, representing an increase of 76.5%[50]. - Revenue from IT maintenance and support services rose to HKD 16,160,000 for the six months ended June 30, 2021, compared to HKD 6,506,000 for the same period in 2020, marking an increase of 147.5%[50]. - Revenue from the sale of entertainment products was HKD 10,277,000 for the six months ended June 30, 2021, down from HKD 21,838,000 in the same period of 2020, a decrease of 53.0%[50]. - Revenue from Hong Kong for the six months ended June 30, 2021, was HKD 110,852,000, a decrease of 29.0% from HKD 155,889,000 in the same period of 2020[47]. - Revenue from Macau for the six months ended June 30, 2021, was HKD 1,533,000, down from HKD 3,321,000 in the same period of 2020, a decline of 53.8%[47]. Strategic Initiatives - Kinetix has outlined its future outlook, projecting a revenue growth of 15% to 20% for the next fiscal year, driven by new product launches and market expansion strategies[9]. - The company is investing in research and development, allocating approximately HKD 10 million towards the development of new technologies and products[9]. - Kinetix plans to enter new markets in Southeast Asia, aiming for a market share increase of 10% within the next two years[9]. - The company has completed a strategic acquisition of a smaller tech firm for HKD 20 million, which is expected to enhance its service offerings and operational capabilities[9]. - The company continues to focus on expanding its IT solutions and services, aiming to enhance its market presence and customer base[45]. Financial Position - Kinetix's total assets have increased to HKD 150 million, reflecting a solid financial position and growth potential[9]. - The total assets as of June 30, 2021, amounted to HKD 232,562,000, an increase from HKD 186,828,000 as of December 31, 2020[30]. - The company's cash and cash equivalents decreased to HKD 25,720,000 from HKD 35,793,000 at the end of 2020[30]. - The total equity attributable to the owners of the company increased to HKD 137,757,000 as of June 30, 2021, compared to HKD 99,118,000 at the end of 2020[31]. - The company had bank borrowings of HKD 4,058,000 as of June 30, 2021, down from HKD 6,778,000 as of December 31, 2020[81]. Operational Efficiency - The company has been focusing on providing IT infrastructure solutions and development services, indicating a strategic emphasis on technology services[38]. - The company’s non-current assets increased significantly, with intangible assets reported at HKD 46,667,000 as of June 30, 2021, reflecting ongoing investments in technology[30]. - Administrative expenses increased by approximately 42.4% from about HKD 17.1 million in 2020 to about HKD 24.3 million in 2021, primarily due to new office setups in China and increased employee costs[96]. Governance and Compliance - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with the standards set forth in the relevant listing rules[120]. - The company has complied with the corporate governance code since its listing date, except for the noted deviations[126]. - The company has a total of three independent non-executive directors, meeting the requirement of at least one-third of the board[130]. - The audit committee reviewed the group's accounting principles and internal controls, confirming that the financial statements were prepared in accordance with applicable accounting standards[144]. Future Outlook - The management team emphasized the importance of sustainability in their future projects, aiming to reduce carbon emissions by 20% over the next five years[9]. - The company plans to strengthen its business in Shanghai and integrate its IT infrastructure and development solutions services to participate in and advance China's economic development[92].

Financial Performance - For the three months ended March 31, 2021, the total revenue of Kinetix Systems Holdings Limited was approximately HKD 59.11 million, a decrease of about 29.4% compared to the same period in 2020[9]. - The gross profit for the same period was approximately HKD 13.49 million, an increase of about 27.4% year-over-year[10]. - The company recorded a net loss of approximately HKD 0.78 million for the three months ended March 31, 2021, compared to a net loss of HKD 1.02 million in the same period of 2020[10]. - The basic and diluted loss per share for the period was HKD 0.05, compared to earnings of HKD 0.01 per share in the same period of 2020[12]. - The company’s total comprehensive loss for the period was HKD 0.78 million, compared to HKD 1.02 million in the same period of 2020[12]. - The group recorded a loss of approximately HKD 0.8 million in the 2021 quarter, an improvement from a loss of approximately HKD 1.0 million in the 2020 quarter[66]. Revenue Breakdown - Revenue from IT infrastructure solutions was HKD 30,504,000, while IT development solutions generated HKD 17,427,000 for the three months ended March 31, 2021[25]. - Revenue from IT infrastructure solutions decreased by approximately 70.5% to about HKD 17,400,000, accounting for approximately 29.5% of total revenue in the 2021 quarter[52]. - Revenue from IT development solutions increased by approximately 146.0% to about HKD 30,500,000, representing approximately 51.6% of total revenue in the 2021 quarter[53]. - Revenue from IT maintenance and support services rose by approximately 120.0% to about HKD 7,700,000, making up approximately 13.1% of total revenue in the 2021 quarter[57]. - Revenue from the e-commerce business involving entertainment products decreased by approximately 61.8% to about HKD 3,400,000, which accounted for approximately 5.8% of total revenue in the 2021 quarter[58]. Expenses and Costs - The company’s administrative and general expenses for the period were approximately HKD 11.43 million, compared to HKD 8.92 million in the same period of 2020[12]. - The cost of IT solution services was HKD 17,039,000, an increase from HKD 9,701,000 in the same period last year, indicating a significant rise in operational costs[34]. - Selling expenses for the 2021 quarter were approximately HKD 2.9 million, an increase of about HKD 1.4 million or 93.3% compared to the 2020 quarter (2020: HKD 1.5 million)[63]. - Administrative expenses rose to approximately HKD 11.4 million in the 2021 quarter, an increase of about HKD 2.5 million or 28.1% from the 2020 quarter (2020: HKD 8.9 million)[64]. Dividends and Equity - The board of directors did not recommend the payment of an interim dividend for the three months ended March 31, 2021[10]. - The company did not recommend the payment of dividends for the quarter ended March 31, 2021, consistent with the previous year[40]. - As of March 31, 2021, the total equity attributable to owners of the company was approximately HKD 108.86 million[13]. Cash and Borrowings - As of March 31, 2021, the company had bank borrowings of HKD 4,326,000, down from HKD 6,778,000 as of December 31, 2020[43]. - As of March 31, 2021, the group had cash and cash equivalents of approximately HKD 56.8 million, up from approximately HKD 35.8 million as of December 31, 2020[67]. - The group's debt-to-equity ratio as of March 31, 2021, was 65.6%, significantly higher than 19.3% as of December 31, 2020[67]. Corporate Governance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15[89]. - The chairman and CEO roles are held by the same individual, which deviates from the corporate governance code[89]. - The board believes that the risk of legal actions against directors is relatively low due to effective risk management systems[91]. Future Plans and Challenges - The company plans to review its accounting policies in light of new Hong Kong Financial Reporting Standards that have come into effect during the current accounting period[17]. - The company plans to integrate specific IT solutions with IoT and cloud computing technologies to participate in smart city projects domestically and internationally[59]. - The company experienced challenges due to the COVID-19 pandemic, impacting order volume and pricing strategies, but views these challenges as opportunities for future business development[59]. - The company plans to continue evaluating the impact of COVID-19 on operations and financial performance[97].