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Segment Information
 12 Months Ended
Mar. 31, 2023
Segment Information [Abstract]  
SEGMENT INFORMATION
22.SEGMENT INFORMATION

 

The Group’s chief operating decision maker, who has been identified as the Company’s Chief Executive Officer, evaluates segment performance and allocates resources based on several factors, of which the primary financial measure is operating income.

 

The Group operates in two segments, Metal stamping and mechanical OEM segment and Electric OEM segment. The Metal stamping and mechanical OEM segment focus on manufacturing and sale of metal parts and components. The Electric OEM segment focuses on manufacturing and sale of plastic and electronic parts and components.

 

Corporate represented expenses that are not allocated to reportable segments and other corporate items.

 

A summary of the revenue from contracts with customers, profitability information and asset information by segment and geographical areas is shown below:

 

   Year ended March 31, 
   2021   2022   2023 
   $   $   $ 
Revenue from contracts with customers:            
Metal stamping and Mechanical OEM   5,192    7,213    6,654 
Electric OEM   3,976    5,152    3,588 
Total revenue from contracts with customers   9,168    12,365    10,242 
Operating (loss) income:               
Metal stamping and Mechanical OEM   (327)   339    (212)
Electric OEM   (207)   307    (95)
Corporate   (82)   (79)   (170)
Total operating income (loss)   (616)   567    (477)
Depreciation expense:               
Metal stamping and Mechanical OEM   90    95    137 
Electric OEM   69    67    72 
Total depreciation   159    162    209 
Capital expenditure:               
Metal stamping and Mechanical OEM   50    78    60 
Electric OEM   38    56    32 
Total capital expenditure   88    134    92 

 

   As of March 31, 
   2022   2023 
   $   $ 
Total assets:        
Metal stamping and Mechanical OEM   7,784    8,099 
Electric OEM   6,961    5,696 
Corporate   114    88 
Total assets   14,859    13,883 

 

   As of March 31, 
   2022   2023 
   $   $ 
Property, plant and equipment, net:        
Metal stamping and Mechanical OEM   380    266 
Electric OEM   263    135 
Total property, plant and equipment, net   643    401 

 

All of the Group’s sales are coordinated through its head office in Hong Kong. The Group considers revenues to be generated by geographic area based on the physical location of customers. the breakdown by geographic area is as follows:

 

   Year ended March 31, 
   2021   2022   2023 
   $   $   $ 
Revenue from contracts with customers:            
Hong Kong and China   1,554    2,105    1,510 
Europe   7,269    8,761    8,268 
Other Asian countries   37    76    27 
North America   308    1,423    437 
Total revenue from contracts with customers   9,168    12,365    10,242 

 

All of the Group’s property, plant and equipment are located in Hong Kong, China and Myanmar. The breakdown by geographic area is as follows:

 

   As of March 31, 
   2022   2023 
   $   $ 
Property, plant and equipment, net:        
Hong Kong and China   128    110 
Myanmar   515    291 
Total property, plant and equipment, net   643    401