| SEGMENT INFORMATION |
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For the year
ended March 31, 2025 |
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Security related
service and
asset management
income |
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Trading of
timepieces |
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Corporate |
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Eliminations |
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Total |
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HK$’000 |
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HK$’000 |
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HK$’000 |
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HK$’000 |
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HK$’000 |
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| Revenue |
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20,884 |
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32,873 |
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- |
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- |
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53,757 |
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| Cost of revenue |
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(1,947 |
) |
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(31,887 |
) |
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- |
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- |
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(33,834 |
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| Other income |
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167 |
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332 |
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25 |
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(498 |
) |
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26 |
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| Impairment loss on trade and other receivables, net
of reversal |
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21,755 |
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(22,085 |
) |
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- |
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- |
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(330 |
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| Administrative expenses |
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(2,810 |
) |
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(787 |
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(2,948 |
) |
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498 |
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(6,047 |
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| Finance costs |
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142 |
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194 |
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(619 |
) |
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- |
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(283 |
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| Profit/(loss) before tax |
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38,191 |
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(21,360 |
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(3,542 |
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- |
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13,289 |
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| Total assets |
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144,622 |
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48,138 |
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47,642 |
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(128,122 |
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112,280 |
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| Total liabilities |
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(65,445 |
) |
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(71,939 |
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(18,495 |
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82,102 |
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(73,777 |
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For the year ended March
31, 2026 |
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Security related
service and
asset management
income |
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Trading of
timepieces |
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Corporate |
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Elimination |
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Total |
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HK$’000 |
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HK$’000 |
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HK$’000 |
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HK$’000 |
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HK$’000 |
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| Revenue |
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14,678 |
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47,381 |
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- |
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- |
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62,059 |
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| Cost of revenue |
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(1,509 |
) |
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(44,453 |
) |
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- |
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- |
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(45,962 |
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| Other income |
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1,096 |
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- |
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- |
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(1,096 |
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- |
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| Other gains and losses |
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- |
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- |
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9,721 |
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- |
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9,721 |
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Impairment loss on trade and other receivables, net
of reversal |
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(3,492 |
) |
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(6,749 |
) |
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(44 |
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- |
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(10,285 |
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| Administrative expenses |
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(1,617 |
) |
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(1,960 |
) |
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(478 |
) |
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1,096 |
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(2,959 |
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| Finance costs |
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155 |
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268 |
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(630 |
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- |
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(207 |
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| Profit/(loss) before tax |
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9,311 |
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(5,513 |
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8,569 |
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- |
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12,367 |
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| Total assets |
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44,017 |
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30,597 |
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67,212 |
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(42,806 |
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99,020 |
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| Total liabilities |
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(6,832 |
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(4,669 |
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(1,098 |
) |
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- |
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12,599 |
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The Group uses the management approach to determine reportable
operating segments. The management approach considers the internal organization and reporting used by the management for making decisions,
allocating resources and assessing performance.
The Group has two reportable segments: (i) security related service
and asset management; and (ii) trading of timepieces. Segments were identified based on the Group’s internal reporting and how the
chief operating decision maker (“CODM”) assesses the performance of the business.
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The security related service and asset management segment generated (i) commission
and handling income by offering securities dealing and brokerage services, securities underwriting and placing services, IPO subscription
and other financing services; (ii) income when the advisory services were provided, or the relevant services have been rendered; and (iii)
asset management fee by providing asset management services. |
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The trading of timepieces segment generated income at the point the customers purchased the watches from the
Group. |
All assets of the Group are located in Hong Kong and all revenues
are all generated in Hong Kong.
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