Company: KMRK
Filing Date: 2025-06-25
Form Type: F-1/A
Source: 0001213900-25-057444
Chunk: 98

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-06-25
Form: F-1/A
Chunk 98
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$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 awarding tenders by our customers. Accordingly, if we are unable to maintain our service standards and work quality or unable to complete our projects on a timely basis, our financial performance may be adversely affected due to cost -overrunsfor catching up scheduled time or reworking for substandard works. In addition, since our revenue recognition is based on measurement of progress by output method of our contract works, any delay in completing our works with appropriate certification will affect our revenue recognized during the same period. Thus, our revenue and results of the operation may be affected if we are unable to complete our scheduled work on time. The above does not list all the material risk factors that may affect our results of operations. The above -mentionedrisks and others are discussed in more detail in the section titled “Risk Factors” beginning on page 16 of this prospectus. 55

Results of Operations Comparison of Six Months Ended September 30, 2024 and 2023 The following table sets forth the combined