v3.26.1
Consolidated Balance Sheets
Dec. 31, 2025
HKD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
HKD ($)
CURRENT ASSETS      
Cash and cash equivalents $ 31,172,798 $ 4,005,088 $ 44,637,131
Restricted cash 15,023,582 1,930,233 14,545,723
Accounts receivable, net Third parties 28,739,851 3,692,502 23,167,061
Accounts receivable, net Related party 516,920 66,414 570,149
Prepayments and other current assets, net 13,517,496 1,736,731 21,274,088
Investment in life insurance contract, net 1,555,526
Inventories, net 12,849,149 1,650,861 11,757,137
Prepaid income tax 277,570 35,662
Total current assets 102,097,366 13,117,491 117,506,815
NON-CURRENT ASSETS      
Plant and equipment, net 26,984,809 3,467,014 22,700,784
Intangible assets, net 650,700 83,602 674,777
Investment in life insurance contract, net 1,559,502 200,365
Prepayments 9,804,167 1,259,641 14,191,667
Prepayment for acquisition of plant and equipment 4,056,564 521,188 23,599
Operating lease right-of-use assets, net 25,679,797 3,299,346 6,960,066
Deferred tax assets 1,495,836 192,185 1,870,819
Total non-current assets 70,231,375 9,023,341 46,421,712
Total assets 172,328,741 22,140,832 163,928,527
CURRENT LIABILITIES      
Accounts and bills payables 53,960,626 6,932,872 54,392,905
Accruals and other payables 6,444,731 828,020 12,758,304
Banks and other borrowings 23,549,661 3,025,665 13,402,782
Operating lease liabilities 5,113,112 656,934 2,270,289
Total current liabilities 89,168,130 11,456,339 83,070,465
NON-CURRENT LIABILITIES      
Banks and other borrowings 10,783,889 1,385,516 3,776,763
Deferred tax liabilities 6,526 838 156,926
Operating lease liabilities 20,566,685 2,642,412 4,689,777
Total non-current liabilities 31,357,100 4,028,766 8,623,466
Total liabilities 120,525,230 15,485,105 91,693,931
COMMITMENTS AND CONTINGENCIES (Note 22)
SHAREHOLDERS’ EQUITY      
Ordinary shares, value 9,889
Additional paid-in capital 68,647,780 8,819,881 68,647,780
Statutory reserve 278,740 35,813 278,740
Accumulated other comprehensive income 2,244,558 288,383 2,860,221
Retained earnings (accumulated losses) (19,377,456) (2,489,620) 437,966
Total shareholders’ equity 51,803,511 6,655,727 72,234,596
Total liabilities and shareholders’ equity 172,328,741 22,140,832 163,928,527
Class A Ordinary Shares      
SHAREHOLDERS’ EQUITY      
Ordinary shares, value 5,505 707
Class B Ordinary Shares      
SHAREHOLDERS’ EQUITY      
Ordinary shares, value 4,384 563
Related parties      
CURRENT LIABILITIES      
Due to related parties $ 100,000 $ 12,848 $ 246,185