Company: KMRK
Filing Date: 2025-05-19
Form Type: F-1
Source: 0001213900-25-045262
Chunk: 98

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-05-19
Form: F-1
Chunk 98
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, development, testing and sale of a diverse portfolio of toy products ranging from simple plastic toy products to more complex electromechanical toy products. Our solution services span across the entire development stage of toy products from design, prototype testing, production management, quality control to after -salesservices. We specialize in the development of infant and pre -schooleducational toys and learning kits. For the six months ended September30, 2024 and 2023, our total revenue was US$12,410,490 and US$10,212,443, respectively. For the years ended March 31, 2024 and 2023, our total revenue was US$17,123,778 and US$16,638,743, respectively. Our gross profit and net income were US$1,611,850 and US$585,975, respectively, for the six months ended September30, 2024, as compared to our gross profit and net income of US$1,209,863 and US$601,082, respectively, for the six months ended September30, 2023. Our gross profit and net income were US$2,174,522 and US$928,529, respectively, for the year ended March 31, 2024, as compared to our gross profit and net income of US$1,568,524 and US$247,471, respectively, for the year ended March 31, 2023. Key factors affecting operating results We believe the following key factors may affect our results of operations: Economic conditions in Hong Kong Majority of our operations is located in Hong Kong. Accordingly, our business, prospects, financial condition and results of operations may be influenced to a significant degree by political, economic and social conditions in China generally and by continued economic growth in Hong Kong. Ability to secure new projects and maintain our backlog We generated the majority of our revenue from projects which are on contract basis and non -recurringin nature. We generally secure our government and non -governmentprojects through tenders and/or quotation. Our future growth and success will then depend on our ability to maintain a stable and sustainable project backlog. Our results of operations will be adversely affected if we are unable to secure sufficient number and sizeable contracts in the future. Ability to complete our projects with quality on a timely basis If there is any quality problem in relation to our services or delay in our projects, we may incur liability. Moreover, service standard and works quality are usually one of the considerations in award