| As of March 31, | ||||||||||||
| 2023 | 2024 | 2024 | ||||||||||
| HK$ | HK$ | US$ | ||||||||||
| ASSETS | ||||||||||||
| CURRENT ASSETS | ||||||||||||
| Cash and cash equivalents | 46,613,240 | 6,390,861 | 816,630 | |||||||||
| Restricted cash | — | 18,059,262 | 2,307,627 | |||||||||
| Contracts receivable, net | 19,994,756 | 27,414,118 | 3,502,999 | |||||||||
| Contract assets, net | 16,120,142 | 59,554,163 | 7,609,880 | |||||||||
| Retention receivables, net | 675,000 | 332,567 | 42,496 | |||||||||
| Prepaid expenses and other receivables, net | 70,426,845 | 75,697,151 | 9,672,643 | |||||||||
| Total current assets | 153,829,983 | 187,448,122 | 23,952,275 | |||||||||
| NON-CURRENT ASSETS | ||||||||||||
| Long-term investment | 1 | 10,508,785 | 1,342,822 | |||||||||
| Property and equipment, net | 6,390,324 | 4,516,544 | 577,128 | |||||||||
| Right-of-use assets, net | 7,680,641 | 5,224,696 | 667,616 | |||||||||
| Other receivables, net | 655,916 | — | — | |||||||||
| Rental deposits, net | 1,059,466 | 1,059,466 | 135,380 | |||||||||
| Goodwill | 34,066,838 | 34,066,838 | 4,353,089 | |||||||||
| Total non-current assets | 49,853,186 | 55,376,329 | 7,076,035 | |||||||||
| Total assets | 203,683,169 | 242,824,451 | 31,028,310 | |||||||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||||||
| CURRENT LIABILITIES | ||||||||||||
| Bank borrowings | 7,535,397 | 40,853,575 | 5,220,304 | |||||||||
| Accounts payable | 16,695,694 | 22,733,798 | 2,904,944 | |||||||||
| Accrued expenses and other payables | 9,301,806 | 6,203,617 | 792,703 | |||||||||
| Tax payable | 5,683,683 | 8,737,661 | 1,116,506 | |||||||||
| Contract liabilities | 53,863,775 | 59,363,407 | 7,585,505 | |||||||||
| Operating lease liabilities | 2,455,945 | 2,859,872 | 365,437 | |||||||||
| Amount due to related parties | 24,490,867 | 1,648,401 | 210,634 | |||||||||
| Total current liabilities | 120,027,167 | 142,400,331 | 18,196,033 | |||||||||
| NON-CURRENT LIABILITIES | ||||||||||||
| Operating lease liabilities | 5,224,696 | 2,364,824 | 302,179 | |||||||||
| Total non-current liabilities | 5,224,696 | 2,364,824 | 302,179 | |||||||||
| Total liabilities | 125,251,863 | 144,765,155 | 18,498,212 | |||||||||
| COMMITMENTS AND CONTINGENCIES | ||||||||||||
| SHAREHOLDERS’ EQUITY | ||||||||||||
| Ordinary shares: US$0.00000005 par value, 1,000,000,000,000 shares authorized as of March 31, 2023 and 2024, 60,000,000 shares issued and outstanding as of March 31, 2023 and 2024 | ||||||||||||
| Class A ordinary shares, US$0.00000005 par value, 900,000,000,000 shares authorized; 40,000,000 shares issued and outstanding as of March 31, 2023 and 2024* | 16 | 16 | 2 | |||||||||
| Class B ordinary shares, US$0.00000005 par value, 100,000,000,000 shares authorized; 20,000,000 shares issued and outstanding as of March 31, 2023 and 2024* | 8 | 8 | 1 | |||||||||
| Additional paid-in capital | 8,404,870 | 8,404,870 | 1,073,981 | |||||||||
| Retained earnings | 70,128,292 | 89,887,738 | 11,485,930 | |||||||||
| Equity attributable to owners of the Company | 78,533,186 | 98,292,632 | 12,559,914 | |||||||||
| Non-controlling interests | (101,880) | (233,336) | (29,816) | |||||||||
| Total shareholders’ equity | 78,431,306 | 98,059,296 | 12,530,098 | |||||||||
| Total liabilities and shareholders’ equity | 203,683,169 | 242,824,451 | 31,028,310 | |||||||||
| Years ended March 31, | ||||||||||||||||
| 2022 | 2023 | 2024 | 2024 | |||||||||||||
| HK$ | HK$ | HK$ | US$ | |||||||||||||
| Revenue | 144,151,979 | 84,485,339 | 251,979,875 | 32,198,198 | ||||||||||||
| Cost of revenue | (107,224,193) | (60,078,321) | (187,920,609) | (24,012,651) | ||||||||||||
| Gross profit | 36,927,786 | 24,407,018 | 64,059,266 | 8,185,547 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Management fee | (6,101,612) | (3,952,004) | (892,998) | (114,108) | ||||||||||||
| Salary and allowance | (1,642,778) | (4,733,405) | (15,509,419) | (1,981,807) | ||||||||||||
| Depreciation of property and equipment | (33,720) | (696,482) | (2,391,477) | (305,585) | ||||||||||||
| Amortization of operating lease right-of-use assets | — | (567,166) | (2,455,945) | (313,823) | ||||||||||||
| Demonstration expenses | (2,726,640) | — | — | — | ||||||||||||
| Consultancy fee | (1,864,982) | (115,540) | (45,000) | (5,750) | ||||||||||||
| Provision for expected credit losses | (700,899) | (1,809,747) | (7,022,680) | (897,363) | ||||||||||||
| Auditor’s remuneration | (25,500) | (1,280,000) | (2,734,800) | (349,455) | ||||||||||||
| Others | (355,309) | (1,844,230) | (4,821,835) | (616,138) | ||||||||||||
| Total operating expenses | (13,451,440) | (14,998,574) | (35,874,154) | (4,584,029) | ||||||||||||
| Income from continuing operation | 23,476,346 | 9,408,444 | 28,185,112 | 3,601,518 | ||||||||||||
| Other income (expenses): | ||||||||||||||||
| Bank interest income | 3,722 | 9 | 195,319 | 24,958 | ||||||||||||
| Interest expense | (167,293) | (220,201) | (1,486,629) | (189,963) | ||||||||||||
| Other income | 18,064 | 267,053 | 41,800 | 5,341 | ||||||||||||
| Other expense | (2,897) | — | (1,600) | (204) | ||||||||||||
| Impairment loss on goodwill | — | — | (1,500,000) | (191,671) | ||||||||||||
| Total other income (expenses), net | (148,404) | 46,861 | (2,751,110) | (351,539) | ||||||||||||
| Income from continuing operation before income tax expenses | 23,327,942 | 9,455,305 | 25,434,002 | 3,249,979 | ||||||||||||
| Income tax expenses | (4,163,246) | (1,994,996) | (5,806,012) | (741,897) | ||||||||||||
| Net income from continuing operation | 19,164,696 | 7,460,309 | 19,627,990 | 2,508,082 | ||||||||||||
| Gain on discontinued operation | — | 56,150,372 | — | — | ||||||||||||
| Net income | 19,164,696 | 63,610,681 | 19,627,990 | 2,508,082 | ||||||||||||
| Add: net loss attributable to non-controlling interests from continuing operation | — | (101,880) | (131,456) | (16,798) | ||||||||||||
| Net income attributable to the company’s ordinary shareholders and total comprehensive income | 19,164,696 | 63,712,561 | 19,759,446 | 2,524,880 | ||||||||||||
| Construction and engineering services | Asset management and professional consultancy services | Corporate | Total | Total | ||||||||||||||||
| HK$ | HK$ | HK$ | HK$ | US$ | ||||||||||||||||
| Revenue – external | 77,216,368 | 5,459,485 | — | 82,675,853 | 10,532,090 | |||||||||||||||
| Revenue – related parties | 1,809,486 | — | — | 1,809,486 | 230,511 | |||||||||||||||
| Total revenue | 79,025,854 | 5,459,485 | — | 84,485,339 | 10,762,601 | |||||||||||||||
| Cost of revenue – external | (56,676,219) | (2,440,164) | — | (59,116,383) | (7,530,846) | |||||||||||||||
| Cost of revenue – related parties | (961,938) | — | — | (961,938) | (122,541) | |||||||||||||||
| Total cost of revenue | (57,638,157) | (2,440,164) | — | (60,078,321) | (7,653,387) | |||||||||||||||
| Gross profit | 21,387,697 | 3,019,321 | — | 24,407,018 | 3,109,214 | |||||||||||||||
| Depreciation | (549,510) | (714,138) | — | (1,263,648) | (160,976) | |||||||||||||||
| Operating expenses | (10,165,365) | (3,540,888) | (28,673) | (13,734,926) | (1,749,695) | |||||||||||||||
| Total expenses | (10,714,875) | (4,255,026) | (28,673) | (14,998,574) | (1,910,671) | |||||||||||||||
| Bank interest income | 9 | — | — | 9 | 1 | |||||||||||||||
| Interest expense | (195,814) | (24,387) | — | (220,201) | (28,051) | |||||||||||||||
| Other income | 267,053 | — | — | 267,053 | 34,020 | |||||||||||||||
| Other income (expense), net | 71,248 | (24,387) | — | 46,861 | 5,970 | |||||||||||||||
| Income (loss) before income tax expenses | 10,744,070 | (1,260,092) | (28,673) | 9,455,305 | 1,204,513 | |||||||||||||||
| Segment income (loss) | 9,391,565 | (1,902,583) | (28,673) | 7,460,309 | 950,370 | |||||||||||||||
| Total assets | 85,357,862 | 118,325,307 | — | 203,683,169 | 25,947,229 | |||||||||||||||
| Total liabilities | (71,239,864) | (54,000,399) | (11,600) | (125,251,863) | (15,955,853) | |||||||||||||||
| Net assets (liabilities) | 14,117,998 | 64,324,908 | (11,600) | 78,431,306 | 9,991,376 | |||||||||||||||
| Year ended March 31, 2023 | ||||||||
| HK$ | US$ | |||||||
| Revenue | — | — | ||||||
| Cost of revenue – depreciation | (1,950,192) | (248,435) | ||||||
| Gross profit | (1,950,192) | (248,435) | ||||||
| Loan interest income (note 10) | 441,863 | 56,289 | ||||||
| Gain on waiver of amount due to vendors (note a) | 5,702,300 | 726,416 | ||||||
| Operating expense | (60,000) | (7,643) | ||||||
| Income before income tax expenses | 4,133,971 | 526,627 | ||||||
| Income tax expenses | — | — | ||||||
| Net income | 4,133,971 | 526,627 | ||||||
| Net cash used in operating activities – discontinued operation | (60,000) | (7,643) | ||||||
| Net cash generated from operating activities – discontinued operation | 7,000,000 | 891,731 | ||||||
| Years ended March 31, | ||||||||||||||||
| 2022 | 2023 | 2024 | 2024 | |||||||||||||
| HK$ | HK$ | HK$ | US$ | |||||||||||||
| Operating expenses | — | (28,673) | (58,029) | (7,415) | ||||||||||||
| Loss before income tax expenses | — | (28,673) | (58,029) | (7,415) | ||||||||||||
| Income tax expenses | — | — | — | — | ||||||||||||
| Net loss | — | (28,673) | (58,029) | (7,415) | ||||||||||||
