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Financial Highlights

Revenue from the Group’s operations for the year ended 31 December 2021 amounted to HK$230.4 million, representing a decrease of HK$19.0 million or 7.6% as compared to HK$249.4 million for the year ended 31 December 2020. Such decrease was primarily attributable to the decrease in the sales volume of electric tools.

The Group’s gross profit for the year ended 31 December 2021 amounted to HK$61.9 million, representing a decrease of HK$14.3 million as compared to HK$76.2 million for the year ended 31 December 2020. The gross profit margin for the year ended 31 December 2021 was 26.9%, representing a decrease of 3.7 percentage points compared to 30.6% for the year ended 31 December 2020. The Group's gross profit margin decrease was mainly due to increase in material costs.

Profit attributable to the owners of the Company for the year ended 31 December 2021 was HK$28.3 million, representing a decrease of HK$8.1 million or 22.3% as compared to HK$36.4 million for the year ended 31 December 2020. The decrease in profit for the year was mainly attributable to the drop in revenue and increase in material costs as mentioned above.