香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告之內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本 公告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） （股份代號：164） 截至二零二五年三月三十一日止年度 年度業績公告 年度業績 China Baoli Technologies Holdings Limited 中國寶力科技控股有限公司 中國寶力科技控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董 事」）會（「董事會」）謹此公佈本集團截至二零二五年三月三十一日止年度之綜合年 度業績，連同截至二零二四年三月三十一日止年度之比較經審核數字，內容載列 如下： – 1 – 綜合損益表 截至二零二五年三月三十一日止年度 – 4 – 綜合財務狀況表（續） | | | 二零二五年 | 二零二四年 | | --- | --- | --- | --- | | | 附註 | 千港元 | 千港元 | | 收入 | 4 | 48,246 | 55,294 | | 收入成本 | | (40,801) | (45, ...

Financial Performance - The convergence media business generated approximately HK$7,058,000 in revenue for the six months ended 30 September 2024, a decline from HK$25,623,000 in the previous year[9]. - The Group recorded a revenue of approximately HK$14,630,000, representing a reduction of approximately 42.9% compared to the previous corresponding period[31]. - For the six months ended 30 September 2024, the Group reported revenue of approximately HK$14,630,000, a decline from HK$25,263,000 in the same period last year, reflecting broader economic challenges[142]. - The loss for the period narrowed to approximately HK$7,962,000, with loss attributable to owners of the Company at approximately HK$7,520,000[31]. - The loss for the period decreased significantly to HK$7,962,000, down from HK$12,210,000 for the same period last year, indicating improved operational efficiency[142]. Business Strategy and Expansion - The Group anticipates substantial growth in the DGDB business, driven by increasing demand for energy-efficient and sustainable mining solutions[20]. - The Group plans to expand operations from iron ore processing to coal mining and develop a presence in Mongolia and other mineral-rich countries[20]. - The Group's initiatives include coal mine DGDB projects, maritime DGDB technologies, mobile power generation, and cryptocurrency mining to enhance its presence in the mining industry[21]. - The Group plans to expand its dry milling and dry selection business in response to growing demand for energy-saving and sustainable mining solutions[25]. - The Group aims to shift its focus from media business to coal mining and expand operations in Mongolia and other resource-rich countries[25]. - The Group intends to further expand into cryptocurrency mining and potentially data center business utilizing the cost-effective power generation from the pithead power plant[89]. Financial Management and Capital Structure - The Group is committed to optimizing its capital structure and enhancing shareholder value while focusing on expanding DGDB operations[22]. - The Group's liquidity ratio improved to 21.7% as of 30 September 2024, up from 14.1% as of 31 March 2024, due to effective debt restructuring initiatives[32]. - Total borrowings as of 30 September 2024 were approximately HK$249,273,000, with 27.2% in HKD and 72.8% in RMB[32]. - The gearing ratio decreased to 56.6% as of 30 September 2024, down from 65.7% as of 31 March 2024[32]. - The Group continues to seek opportunities to optimize its capital structure and enhance shareholder value while focusing on sustainable technology trends[28]. Challenges and Market Conditions - The convergence media business faces challenges due to a strategic shift in operational focus and a difficult advertising market in China[12]. - The Group faced significant challenges in the Convergence Media Business, including reduced marketing budgets from customers and intensified price competition, leading to decreased contract values and durations[114]. - The Group's diversified business model is strategically leveraged to adapt to market changes amid subdued macroeconomic conditions in Hong Kong and mainland China[142]. Corporate Governance and Compliance - The company has adopted a code of conduct regarding directors' securities transactions, which all directors have confirmed compliance with throughout the review period[194]. - The company is committed to maintaining high levels of corporate governance and regularly reviews its governance practices to ensure compliance[191]. - The Audit Committee has reviewed the unaudited condensed consolidated financial statements for the six months ended September 30, 2024[193]. Employee and Operational Metrics - As of September 30, 2024, the Group employed 62 employees, a decrease from 80 employees as of September 30, 2023[78]. - Staff costs for the six months ended September 30, 2024, amounted to approximately HK$5,380,000, compared to HK$4,516,000 for the same period in 2023, representing an increase of 19.1%[78]. Shareholder and Equity Information - A total of 3,721,561 share options may be issued under the Share Option Scheme, representing approximately 4.26% of the weighted average number of shares in issue for the period[1]. - The company issued Convertible Bonds with a total principal amount of HK$6,000,000, convertible into no more than 1,500,000 shares at an initial conversion price of HK$4.00[49]. - The company entered into a Settlement Agreement involving the issuance of Convertible Bonds amounting to RMB128,370,000, equivalent to approximately HK$139,003,790, which may convert into 11,678,635 shares at a conversion price of HK$11.9024[54]. - The company completed a placement of up to 16,803,334 shares at an adjusted price of HK$1.070 per share, with the completion date extended to July 2, 2024[50]. - The Board does not recommend the payment of any interim dividend for the six months ended September 30, 2024, consistent with no dividend paid in the same period of 2023[83].

Financial Performance - For the six months ended September 30, 2024, the company reported a revenue of HKD 14,630,000, a decrease from HKD 25,623,000 in the same period of 2023, representing a decline of 42.8%[4] - The gross profit for the same period was HKD 2,668,000, compared to HKD 2,337,000 in 2023, indicating an increase of 14.2%[4] - The net loss for the six months ended September 30, 2024, was HKD 7,962,000, an improvement from a net loss of HKD 12,210,000 in 2023, reflecting a reduction of 34.6%[6] - Total revenue for the six months ended September 30, 2024, was HKD 25,623,000, with a segment loss of HKD 11,025,000[32] - The group reported a pre-tax loss of HKD 12,225,000 for the six months ended September 30, 2024[32] - The group incurred a financing cost of HKD 4,873,000 during the same period[32] - The group reported an unallocated company income of HKD 8,433,000 and unallocated company expenses of HKD 4,760,000 for the six months ended September 30, 2024[32] - The group’s segment performance for the dry grinding business showed a loss of HKD 3,292,000, while the media business reported a loss of HKD 7,733,000[32] - The group’s total revenue for the six months ended September 30, 2023, was HKD 14,630,000, with a total segment loss of HKD 7,256,000[31] - The group reported a significant reduction in loss from HKD 12,210,000 in the previous year to HKD 7,962,000, indicating improved operational efficiency and effective cost management[47] Assets and Liabilities - The company's total assets as of September 30, 2024, were HKD 57,016,000, slightly down from HKD 57,721,000 as of March 31, 2024[9] - The current liabilities decreased to HKD 263,263,000 from HKD 408,163,000, showing a reduction of 35.4%[9] - As of September 30, 2024, the group's current liabilities exceeded current assets by approximately HKD 206,247,000, with a net debt of about HKD 370,914,000[16] - The total borrowings and convertible bond liabilities amounted to approximately HKD 249,273,000, while cash and cash equivalents were around HKD 2,049,000[16] - The total net trade receivables as of September 30, 2024, amounted to HKD 21,878,000, down from HKD 24,182,000 as of March 31, 2024[46] - The group’s total trade payables as of September 30, 2024, were HKD 20,283,000, a decrease from HKD 31,896,000 as of March 31, 2024[44] - The aging analysis of trade receivables shows that HKD 9,530,000 is overdue by more than 365 days as of September 30, 2024, compared to HKD 4,113,000 as of March 31, 2024[46] - As of September 30, 2024, total assets and net liabilities were approximately HKD 66,141,000 and HKD 370,914,000, respectively[59] Cash Flow and Financing - The company reported a basic and diluted loss per share of HKD 0.09 for the six months ended September 30, 2024, compared to HKD 0.13 in the same period of 2023[4] - The company's cash and bank balances increased to HKD 2,049,000 from HKD 1,697,000, reflecting a growth of 20.8%[9] - The debt-to-equity ratio was 56.6% as of September 30, 2024, slightly improved from 57.1% on March 31, 2024[60] - The liquidity ratio improved to 21.7% as of September 30, 2024, compared to 14.1% on March 31, 2024[60] - On May 7, 2024, the company entered into a placement agreement to issue 13,418,000 shares at a placement price of HKD 1.070 per share, raising approximately HKD 13.5 million[17] - Approximately HKD 9.3 million of the proceeds from the placement will be used to repay outstanding debts, and about HKD 2.7 million will be allocated for business development[17] - The company plans to issue convertible bonds totaling HKD 6,000,000, convertible into up to 1,500,000 shares at an initial conversion price of HKD 4.00 per share[18] - The company has agreed to issue convertible bonds worth RMB 128,370,000 (approximately HKD 139,003,790) to settle a specified amount under a settlement agreement[19] - The company is actively negotiating with existing lenders to extend the maturity of certain loans until sufficient cash flow is obtained from proposed fundraising activities[20] Business Operations and Strategy - The company continues to focus on its core businesses, including dry grinding and media business, as well as investment and trading activities[13] - The group aims to expand its dry grinding technology business into other profitable sectors, driven by increasing global demand for high energy efficiency and sustainable mining solutions[22] - The company plans to expand its dry grinding and dry selection business, particularly in coal mining and other resource-rich countries[56] - The dry grinding and selection business generated revenue of approximately HKD 7,572,000 for the six months ended September 30, 2024, a substantial increase from HKD 0 in the same period last year[49] - The group has strategically reallocated resources to recover over HKD 8 million in receivables from the media business and expand the dry grinding and selection business[48] - The group is expanding the application of dry grinding and selection technology to new mineral types, including titanium iron ore and talc, to capture new market opportunities[51] - The group is developing mobile dry grinding and selection operations to reduce reliance on extensive land-based infrastructure, thereby lowering operational costs[51] - The company has entered into a memorandum of understanding with Pan Asia Resources Limited to develop dry grinding and dry selection technology for the coal industry, with a focus on power generation, data centers, and potential cryptocurrency mining[86] - The company has secured exclusive rights for mining production, processing, transportation, and sales of coal from a mine in Mongolia for a period of ten years or longer[86] - A coal-fired power plant will be constructed at the mining site in Mongolia, aimed at leveraging cost benefits for electricity generation, which will also support cryptocurrency mining and potential data center operations[86] Legal and Governance Matters - The company is involved in ongoing litigation regarding a placement agreement, with a claimed debt amount of HKD 10 million and unpaid interest of HKD 1.26 million[72] - The court has scheduled a case management hearing for the ongoing litigation on April 18, 2024, with a formal hearing set for November 27, 2025[74] - The company has filed lawsuits in both Guangzhou and Hong Kong courts regarding advertising rights agreements, seeking a total of RMB 5,300,000 (approximately HKD 6,045,000) in deposits and RMB 15,533,000 (approximately HKD 17,716,000) in overcharged fees[75][79][84] - The company has made provisions for potential damages related to the ongoing legal disputes, although the outcomes remain uncertain[79] - The company is actively pursuing legal recourse to recover overcharged fees and other damages from the advertising rights agreements[78] - The company is committed to maintaining high standards of corporate governance and has implemented governance regulations in compliance with the listing rules[87] - The audit committee has reviewed the company's unaudited condensed consolidated interim financial statements for the six months ended September 30, 2024[88] - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with the standards set forth in the listing rules[89] - No purchases, sales, or redemptions of the company's listed securities were made by the company or any of its subsidiaries during the six months ended September 30, 2024[91] Employee and Administrative Matters - As of September 30, 2024, the company employed 62 staff members, down from 80 employees as of September 30, 2023, with total employee costs amounting to approximately HKD 5,380,000[80] - The employee compensation policy is based on market conditions and individual performance, with benefits including medical insurance and stock options[82] - The board of directors has not recommended any interim dividend for the six months ending September 30, 2024, consistent with the previous year[83]

Financial Performance - For the year ended March 31, 2024, the Group's revenue from operations was approximately HK$55,294,000, an increase from HK$53,598,000 in the previous year, representing a growth of 3.2%[18] - The gross profit for the Company increased to HK$9,438,000, compared to HK$6,938,000 for the same period last year, reflecting a significant improvement in profitability[18] - The Company recorded a loss of approximately HK$33,704,000 for the period, compared to a loss of approximately HK$30,058,000 for the corresponding period last year, primarily due to impairment of expected credit loss[18] - The group's operating revenue for the year ended March 31, 2024, was approximately HK$55,294,000, an increase from HK$53,598,000 in the previous year, representing a growth of 3.2%[20] - Gross profit increased to HK$9,438,000 from HK$6,938,000 year-on-year, reflecting a significant improvement driven by value-added services and successful negotiations with suppliers[20] - The company recorded a loss of approximately HK$33,704,000, compared to a loss of HK$30,058,000 in the previous year, primarily due to expected credit loss impairments[20] - The loss attributable to owners of the Company for the year amounted to approximately HK$30,775,000, compared to HK$24,273,000 in the previous year[83] Revenue Streams - The multi-media technologies and convergence media business generated revenue of approximately HK$49,696,000, a decrease of 7.3% from HK$53,598,000 in the previous year[22] - The dry grinding and dry beneficiation business recorded revenue of approximately HK$5,598,000, marking the transition from the investment phase to generating revenue[36] - The company is focusing on partnerships within the global resources sector to enhance revenue from its dry grinding and dry beneficiation technologies[39] Financial Position - As of March 31, 2024, total assets were approximately HK$68,290,000, while net liabilities were approximately HK$374,730,000, an increase from HK$63,619,000 and HK$341,101,000 respectively in the previous year[83] - The Group's liquidity ratio improved to 14.1% as of March 31, 2024, up from 12.1% in the previous year, due to effective debt restructuring initiatives[84] - The gearing ratio was 65.7% as of March 31, 2024, a slight decrease from 68.0% in the previous year[84] - The Group's borrowings totaled HK$246,295,000, with 11.1% in HK$ and 88.9% in Renminbi, and borrowings within one year accounted for 86.1% of total borrowings[84] Market Conditions - The total social financing in China contracted by 11% in Q1 2024 compared to the same period in 2023, indicating ongoing credit contraction pressures[12] - Advertising budgets in Hong Kong remained conservative, while mainland China experienced moderate growth amidst tighter regulatory measures, prompting the Company to explore new areas such as large-scale cultural events[13] - The broad M2 measure of money supply in China grew at 8.3% over the twelve months ended March 2024, despite declining lending to businesses and households[12] Strategic Initiatives - The Company advanced its dry grinding and dry beneficiation (DGDB) technologies, deepening collaborations with key players in the iron ore and steel industries, which contributed to revenue growth in this sector[16] - The company aims to optimize its influencer network and live streaming capabilities to capture more opportunities in online advertising[34] - The convergence media market, particularly e-commerce live streaming services, is identified as a potential growth area amid increasing consumer spending and digital platform popularity[77] Risks and Challenges - The company faces potential risks including changes in government policies that could impact operations and profitability, particularly in the convergence media business[49] - Economic volatility in the region and China may reduce discretionary consumer and corporate spending, adversely affecting demand for the company's multimedia technologies[50] Corporate Governance and Compliance - The auditor expressed a disclaimer of opinion due to material uncertainties relating to going concern in the independent auditor's report for the year ended March 31, 2024[112] - An ESG report will be published to detail the company's compliance with environmental, social, and governance policies for the year ended March 31, 2024[62] - The company recognizes the importance of maintaining relationships with employees, customers, and business partners for sustainable development[64] Employee and Management Information - Staff costs for the year ended March 31, 2024, totaled HK$9,711,000, an increase from HK$9,297,000 in 2023, with 59 employees as of March 31, 2024, down from 89[110] - The company has implemented employee benefits including medical insurance, hospitalization plans, and stock option plans[113] - The company has a diverse board with expertise in finance, engineering, and media[136][141] Shareholder Information - For the year ended March 31, 2024, the Group reported no final dividend, consistent with the previous year[157] - As of March 31, 2024, the Company had no reserves available for distribution, unchanged from 2023[170] - The Group had no distributable reserves as of March 31, 2024[178]

Financial Performance - For the fiscal year ending March 31, 2024, the company reported a revenue of HKD 55,294,000, an increase of 3.2% from HKD 53,598,000 in the previous year[2] - The gross profit for the same period was HKD 9,438,000, compared to HKD 6,938,000 in the prior year, reflecting a significant increase of 36.1%[2] - The company incurred a loss before tax of HKD 33,704,000, which is a decline from the loss of HKD 30,005,000 reported in the previous year, indicating a worsening financial position[2] - The total comprehensive loss for the year was HKD 33,629,000, compared to HKD 25,852,000 in the previous year, representing an increase of 30.2%[4] - The company reported a reduction in social financing by 11% in Q1 2024 compared to the same period in 2023, indicating ongoing economic pressure[30] - The company reported a loss of approximately HKD 30,775,000 for the fiscal year 2024, compared to a loss of HKD 24,273,000 in fiscal year 2023[166] Liquidity and Financial Position - The company's current liabilities exceeded its current assets by HKD 350,442,000, raising concerns about its liquidity position[12] - The net debt of the company stood at HKD 374,730,000 as of March 31, 2024, compared to HKD 341,101,000 in the previous year, indicating an increase in financial leverage[5] - The company has sufficient operating funds to meet financial obligations for the next twelve months, as per the cash flow forecast prepared by the board[43] - The debt-to-asset ratio was 65.7%, down from 68.0% in 2023, indicating improved financial stability[167] - The current ratio improved to 14.1% from 12.1% in 2023, attributed to effective debt restructuring measures[167] Operational Developments - The company is diversifying its technology applications into other profitable industries, indicating a strategic shift in its business model[13] - The company is actively improving its dry grinding and dry selection technology, enhancing collaboration with partners in the steel industry to accelerate business development in this area[59] - The company is focusing on expanding into new areas such as large cultural events and is concentrating resources on industries with policy support and consumer spending preferences, such as the automotive sector[159] - The company aims to leverage the rebound in consumer spending and the increasing prevalence of digital platforms to grow its media business, particularly in live commerce services[165] Legal and Compliance Issues - The company is actively taking measures to address pending litigation, aiming for amicable resolutions[14] - A lawsuit was filed by a creditor claiming a debt of HKD 10 million and unpaid interest of HKD 1.26 million related to placement notes issued in 2013[96] - The company has ongoing legal disputes regarding advertising rights agreements, with claims for refunds totaling RMB 5,300,000 (approximately HKD 6,045,000) and RMB 8,917,000 (approximately HKD 10,163,000) in damages[101] - The company has made provisions for potential losses related to ongoing litigation, reflecting a cautious financial approach[106] Shareholder and Investment Activities - The company did not declare any dividends for the fiscal year ending March 31, 2024, consistent with the previous year[20] - The company has completed the issuance of convertible bonds amounting to RMB 20,000,000 (equivalent to HKD 23,256,000) and will continue to seek various fundraising opportunities based on market conditions[40] - The company has issued convertible bonds, which are expected to be converted into ordinary shares upon meeting certain conditions[171] - The company successfully raised approximately HKD 22.4 million through a convertible bond issuance, strengthening its financial position amid current economic challenges[189] Revenue Streams and Business Segments - For the fiscal year ending March 31, 2024, the multimedia technology and media business recorded revenue of approximately HKD 49,696,000, a slight decrease of 7.3% compared to last year (approximately HKD 53,598,000)[60] - The dry grinding and selection business generated revenue of approximately HKD 5,598,000 for the fiscal year, marking a transition from the investment phase to revenue generation[73] - Total revenue for multimedia and advertising services was HKD 49,696,000, while sales of goods contributed HKD 5,598,000, totaling HKD 55,294,000[175] Cost Management and Efficiency - Employee costs payable increased to HKD 11,301,000 in 2024, compared to HKD 6,346,000 in 2023, marking a rise of 78.5%[24] - The company aims to maintain liquidity by carefully controlling administrative costs and capital expenditures[125] - Financing costs decreased to HKD 10,338,600 from HKD 10,856,000 in 2023, reflecting successful debt management[167] Future Outlook and Strategy - The company plans to enhance its technological capabilities and diversify its customer base to improve operational performance and create long-term value for shareholders[37] - The group plans to allocate more resources to its media and e-commerce businesses, moving away from traditional multimedia operations[172] - The company aims to capitalize on the ongoing shift towards online advertising, optimizing its influencer network and content production for stronger performance in the upcoming fiscal year[191]

Financial Performance - For the six months ended September 30, 2023, the Group reported revenue from operations of approximately HK$25,623,000, a decrease of 15.9% compared to HK$30,163,000 for the same period last year[14]. - The Group's gross profit decreased to HK$2,337,000, down 62.2% from HK$6,184,000 for the same period of the previous year[14]. - The loss for the period slightly decreased to HK$12,210,000, compared to HK$13,376,000 for the same period last year, reflecting a reduction of 8.7%[14]. - Revenue for the six months ended September 30, 2023, was HK$25,623,000, a decrease of 15.9% compared to HK$30,163,000 for the same period in 2022[144]. - Gross profit for the same period was HK$2,337,000, down 62.2% from HK$6,184,000 in the previous year[144]. - Loss for the period was HK$12,210,000, slightly improved from a loss of HK$13,376,000 in the prior year, representing a reduction of 8.7%[144]. - Total comprehensive loss for the period was HK$10,857,000, compared to HK$8,978,000 in the same period last year[147]. - The company reported a significant increase in trade and other receivables, rising to HK$58,646,000 from HK$40,048,000, which is an increase of approximately 46%[149]. Business Strategy and Operations - The Group focused on e-commerce, brand management, and event management businesses to enhance clients' brands and increase sales during the review period[12]. - The Group's professional team provides comprehensive client services, including brand building marketing and online sales conversion through social media and e-commerce platforms[17]. - The Group coordinates livestream sales events where influencers promote clients' products, resulting in increased sales and traffic to clients' offerings[23]. - The Group established a subsidiary in Henan Province focused on livestreaming services and KOL marketing, enhancing its operational capabilities in the convergence media business[25]. - The Group's business strategy focuses on diversification and prudent financial management to achieve long-term sustainable growth and enhance shareholder value[47]. - The Group is focusing on its convergence media and e-commerce business segments, reallocating resources from traditional multimedia operations to enhance revenue streams[172]. - The Group is exploring the application of dry grinding and dry beneficiation technologies in the iron and steel industries, which is expected to improve profitability in the coming years[176]. Financial Position and Liquidity - As of 30 September 2023, total assets were approximately HK$76,774,000 and net liabilities were approximately HK$351,958,000, an increase from HK$63,619,000 and HK$341,101,000 as of 31 March 2023[56]. - The Group had bank balances and cash of approximately HK$2,017,000, down from approximately HK$7,363,000 as of 31 March 2023[57]. - Total borrowings were approximately HK$213,926,000, with 27.5% denominated in Hong Kong dollars and 72.5% in Renminbi[57]. - The gearing ratio was 60.8% as of 30 September 2023, down from 65.0% as of 31 March 2023, indicating improved financial stability[57]. - The liquidity ratio improved to 15.3% as of 30 September 2023, compared to 12.1% as of 31 March 2023, due to effective debt restructuring initiatives[57]. - Cash and cash equivalents decreased significantly to approximately HK$2,017,000 from HK$7,363,000 as of 31 March 2023, raising concerns about the Group's ability to continue as a going concern[163]. - The Directors believe that, assuming the success of their plans, the Group will have sufficient working capital for at least 12 months from 30 September 2023[178]. Research and Development - During the reporting period, the Group incurred approximately HK$3,292,000 in research and development costs for its Dry Grinding and Dry Beneficiation Business, a decrease from approximately HK$4,002,000 in the same period last year[32]. - The Group's DGDB Technologies aim to contribute to environmental protection and energy conservation, aligning with national policies on carbon neutrality and emission reduction[38]. - The Group expects the DGDB Technologies to gradually generate diversified and stable cash flow in the current year[41]. - The Group is actively applying DGDB Technologies to tailings recycling, providing economic value while addressing environmental hazards associated with conventional tailing dams[40]. Legal and Compliance Matters - The company is involved in ongoing litigation regarding the breach of advertising license rights agreements, seeking refunds of overcharged license fees totaling RMB 12,468,300[93]. - A new legal proceeding was lodged against a defendant regarding the 2021 Advertising License Rights Agreement, seeking a refund of a deposit of RMB 5,300,000 (approximately HKD 5,685,000) and overcharged license fees of RMB 8,910,000 (approximately HKD 9,557,757)[94]. - The management believes that sufficient provisions have been made for the ongoing legal claims, indicating a proactive approach to potential financial impacts[97]. - The Group has adopted new accounting standards effective from April 1, 2023, including HKFRS 17 related to insurance contracts[184]. Share Capital and Financing - The company issued convertible bonds under a specific mandate amounting to RMB20,000,000 (approximately HK$23,256,000) at a 2% annual interest rate, with a maturity of three years[82]. - The gross proceeds from the subscription of the SM Convertible Bonds is RMB20,000,000, while the net proceeds are approximately RMB19,300,000 after deducting related costs[82]. - The company plans to allocate approximately RMB10,000,000 for business development, including RMB7,000,000 for the iron ore DGDB Business and RMB3,000,000 for multimedia technologies[82]. - The company issued HK$12,000,000 in GM Convertible Bonds, with net proceeds of approximately HK$11,945,000 fully utilised for general working capital[78]. - The company aims to establish a long-term strategic business partnership with the subscriber of the convertible bonds[84]. Market Outlook - The convergence media market is anticipated to recover as inflation pressures ease and consumer confidence improves, leading to increased online shopping activities[49]. - The management is optimistic about the recovery of the media market and expects an increase in online shopping activities and e-commerce live streaming revenue[53].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告之 內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本 公告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 China Baoli Technologies Holdings Limited 中國寶力科技控股有限公司 （於百慕達註冊成立之有限公司） （股份代號：164） 截至二零二三年九月三十日止六個月 中期業績公告 中期業績 中國寶力科技控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本 公司及其附屬公司（統稱「本集團」）截至二零二三年九月三十日止六個月之未經 審核綜合中期業績，連同二零二二年同期之比較數字。截至二零二三年九月三十 日止六個月之未經審核綜合中期業績已由本公司之審核委員會審閱。 ...

Financial Performance - For the year ended 31 March 2023, the Group's revenue from operations was approximately HK$53.598 million, a decrease from HK$74.552 million in the same period last year, representing a decline of about 28.0%[15] - The gross profit decreased to HK$6.938 million compared to HK$15.362 million for the same period last year, indicating a reduction of approximately 54.8%[15] - The Company recorded a loss attributable to owners of approximately HK$24.273 million, compared to a gain of approximately HK$96.614 million for the corresponding period last year, marking a significant shift in performance[15] - The Group's revenue for the year ended March 31, 2023, was approximately HK$53,598,000, a year-on-year decrease of 25.9% from HK$72,353,000[20] - Gross profit decreased to HK$6,938,000 compared to HK$15,362,000 in the previous year, primarily due to reduced revenue from railway media advertising[20] - The loss attributable to owners of the Company for the year was approximately HK$24,273,000, compared to a profit of approximately HK$96,614,000 in 2022[89] Business Operations and Strategy - The decrease in gross profit was primarily due to reduced revenues from the train media advertising business, while the license fee for the train media platform remained a fixed cost[15] - The Group has shifted its media business focus from traditional outdoor media to online advertising, marketing, and e-commerce, responding to market trends[22] - The Group aims to capture opportunities arising from the global shift from traditional advertising to online advertising through resource reallocation[29] - The Group has established a professional team for convergence media e-commerce, providing comprehensive client services from brand building to online sales conversion[21] - The Group completed a capital injection into KeMeng (Changzhou) Culture & Media Limited, enhancing its capabilities in live streaming content production and operation[25] - The Group expanded its display media platform business in Hong Kong, including outdoor billboards and LED TV, to enrich service offerings[27] Financial Position and Liabilities - As of March 31, 2023, the Group's total assets were approximately HK$63,619,000, and net liabilities were approximately HK$341,101,000[89] - The Group had bank balances and cash of approximately HK$7,363,000, down from approximately HK$28,493,000 in 2022[90] - Total borrowings increased to approximately HK$231,901,000 from approximately HK$221,137,000 in 2022, with 30.5% in Hong Kong dollars and 69.5% in Renminbi[90] - The gearing ratio was approximately 68.0% as of March 31, 2023, compared to approximately 60.8% in 2022[90] - The liquidity ratio was approximately 12.1% as of March 31, 2023, down from approximately 15.2% in 2022[90] Fundraising and Investments - The Group completed a series of fundraising initiatives, including the issuance of convertible bonds with net proceeds of approximately HK$11.945 million and new shares with net proceeds of approximately HK$6.97 million[14] - The debt settlement with Yulong Computer Telecommunication Scientific (Shenzhen) Co., Ltd. amounted to RMB80 million, achieved through the issuance of convertible bonds and disposal of partial equity interest of a subsidiary[14] - The Group plans to explore potential strategic investments and cooperation opportunities to create synergies in technological development and product diversification[88] Impairment and Goodwill - The impairment of goodwill for the Train Media cash generating unit was approximately HK$48 million, resulting from the termination of the advertising agency services agreement[15] - An impairment of goodwill of approximately HK$47,878,000 was recognized for the Train Media cash-generating unit due to non-recoverable carrying amounts[31] - The Group recognized a goodwill impairment of approximately HK$47,878,000 related to the railway media cash-generating unit due to the recoverable amount being zero[35][36] Economic and Market Conditions - The global economic outlook for 2023 remains uncertain due to inflation, interest rate hikes, and geopolitical tensions, posing threats to economic recovery[81] - The Group's business is sensitive to economic downturns, which could reduce discretionary consumer spending and corporate demand for multi-media technologies, impacting pricing and operations[58] - The Group's DGDB Technologies application may be adversely affected by a slowdown in the Chinese economy and declining global iron ore prices, which could reduce customer interest[59] Employee and Management Information - As of March 31, 2023, the Group employed 89 employees, an increase from 62 employees in 2022[110] - Staff costs for the year ended March 31, 2023, amounted to approximately HK$9,297,000, down from approximately HK$12,040,000 in 2022[110] - The emolument policy for employees is structured based on merit, qualifications, and competence, with periodic salary reviews[110] Share Option Scheme - The Share Option Scheme was adopted on September 30, 2021, to incentivize contributions from eligible employees and directors[188] - The maximum number of Shares that may be issued upon exercise of all options under the Share Option Scheme must not exceed 30% of the total number of Shares in issue[192] - Eligible participants include employees, directors, consultants, agents, suppliers, customers, or contractors of the group[194]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告之 內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本 公告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 China Baoli Technologies Holdings Limited 中國寶力科技控股有限公司 （於百慕達註冊成立之有限公司） （股份代號：164） 截至二零二三年三月三十一日止年度 年度業績公告 年度業績 中國寶力科技控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董 事」）會（「董事會」）謹此公佈本集團截至二零二三年三月三十一日止年度之綜合 年度業績，連同截至二零二二年三月三十一日止年度之比較經審核數字，內容載 列如下： ...

Financial Performance - The Group's revenue from operations for the six months ended September 30, 2022, was approximately HK$30,163,000, a decline from HK$36,627,000 in the same period last year, representing a decrease of about 17%[14]. - The gross profit decreased to HK$6,184,000 compared to HK$8,045,000 for the same period last year, indicating a decline of approximately 23%[14]. - The loss for the period increased slightly to HK$13,376,000, compared to HK$12,946,000 for the corresponding period of last year, reflecting an increase of about 3%[14]. - The loss for the period amounted to approximately HK$13,376,000, compared to a loss of approximately HK$12,946,000 in the previous year[46]. - Loss attributable to owners of the Company was approximately HK$14,895,000, an increase from approximately HK$10,563,000 in the previous year[46]. - Total comprehensive expense for the period was HK$8,978,000, compared to HK$8,592,000 in the previous year, indicating a slight increase of 4.5%[148]. - The total comprehensive income for the period was a loss of HK$14,895,000, compared to a loss of HK$10,583,000 in the previous period[162]. Revenue Streams and Business Development - The multi-media technologies and convergence media business recorded a revenue of approximately HK$30,163,000 for the six months ended September 30, 2022, down from approximately HK$36,627,000 in the previous year[14]. - The Group launched its e-commerce sales platform "極速夠 GO" APP and WeChat mini program in August 2022, aiming to tap into the duty-free e-commerce industry[17]. - The Group aims to leverage its APP to promote sales of customs cleared import consumer products and "1210 Duty Free" products under the PRC Customs Framework[17]. - The Group is accelerating initiatives to expand its convergence media e-commerce segment to capture opportunities arising from PRC Government stimulus policies aimed at boosting consumer spending[17]. - The Group aims to diversify revenue streams by further developing convergence media e-commerce, including live streaming commerce and KOL marketing, to capture post-pandemic growth opportunities[36]. Financial Position and Liquidity - As of 30 September 2022, total assets were approximately HK$123,527,000 and net liabilities were approximately HK$350,816,000[46]. - The Group had bank balance and cash of approximately HK$7,011,000, down from approximately HK$28,493,000 as of 31 March 2022[49]. - The gearing ratio was 64.0% as of 30 September 2022, compared to 60.8% as of 31 March 2022[49]. - The liquidity ratio was 13.1% as of 30 September 2022, down from 15.2% as of 31 March 2022[49]. - The company reported a net current liability of HK$401,713,000, an improvement from HK$425,727,000 in the previous period[150]. - The group reported a net debt of approximately HK$350,816,000 as of September 30, 2022, down from HK$363,907,000 as of March 31, 2022, with total borrowings of about HK$224,514,000[170]. Operational Challenges and Strategic Initiatives - The macroeconomic environment is expected to be challenging, with the Group implementing proactive measures to mitigate negative impacts and strengthen market position[35]. - The Group is actively exploring potential business opportunities to integrate environmental technologies, aiming to develop a sustainable business segment[43]. - The company is involved in ongoing legal proceedings related to disputes with a train media licensor, which may impact its financial position[92]. - Management believes adequate provisions have been made regarding the litigations, with no significant adverse effects expected on the financial position of the group[93]. - The group is strategically reviewing its resources to optimize them in core business segments amid the adverse impacts of COVID-19 restrictions in China[178]. Shareholder and Corporate Governance - The Board does not recommend the payment of any interim dividend for the six months ended September 30, 2022, compared to HK$0 for the same period in 2021[103]. - The Company has committed to high standards of corporate governance and has complied with all relevant Code Provisions during the review period[130]. - All Directors confirmed compliance with the required standards regarding securities transactions throughout the review period[138]. - The Company periodically reviews its corporate governance practices to ensure compliance with the CG Code[131]. Employee and Remuneration Policies - As of September 30, 2022, the Group employed 72 employees, a decrease from 75 employees as of September 30, 2021[100]. - Staff costs for the six months ended September 30, 2022, amounted to approximately HK$4.32 million, down from HK$4.49 million for the same period in 2021[100]. - The Group's remuneration policy is structured based on market terms and individual performance, with periodic salary reviews[101]. - The Company has implemented employee benefit plans including medical insurance, hospitalization schemes, and share option schemes[101].