Financial Performance - For the fiscal year 2020, the company recorded a revenue of approximately HKD 207,293,000, a decrease from HKD 234,787,000 in the fiscal year 2019, indicating a decline of about 11.5%[48]. - The company reported an annual loss of approximately HKD 64,037,000 for the fiscal year 2020, compared to a loss of HKD 6,435,000 in the fiscal year 2019, reflecting a significant increase in losses[48]. - As of March 31, 2020, the group's net assets were approximately HKD 499,234,000, down from HKD 548,510,000 in the previous fiscal year, with cash and cash equivalents totaling about HKD 53,308,000[68]. - The group's borrowings amounted to approximately HKD 183,045,000 as of March 31, 2020, with a debt-to-equity ratio of about 0.37, slightly up from 0.36 in the previous fiscal year[68]. - The group held listed securities with a fair value of approximately HKD 32,596,000 as of March 31, 2020, an increase from HKD 27,721,000 in the previous fiscal year[69]. - The company did not recommend the distribution of a final dividend for the fiscal year 2020, indicating that dividend payments depend on business performance and liquidity status[147]. - As of March 31, 2020, the company's distributable reserves amounted to HKD 210,211,000, with HKD 188,663,000 available for distribution as bonus shares under Bermuda law[156]. Business Operations - The core business focuses on financial services, mortgage financing, property development and investment, and securities trading[21]. - The company has over 20 years of experience in financial services, providing competitive pricing and attractive product features[29]. - The asset management team offers tailored solutions for high-net-worth clients, aiming to achieve financial goals and competitive returns[25]. - The company has a strong customer base across various core businesses, including brokerage, IPO, corporate finance, asset management, and mortgage financing[31]. - The mortgage financing department provides attractive rates for first and second mortgage loans, focusing on real estate collateral[27]. - The company is well-positioned for growth by concentrating on high-growth businesses with good long-term prospects[31]. - The company has successfully served IPO clients, acting as sponsors and lead underwriters[14]. - The online trading platform facilitates stock and futures trading for clients[22]. - The company has maintained smooth operations across all core businesses despite facing challenges such as economic recession and social unrest[42]. - The company aims to expand its financial services in the Guangdong-Hong Kong-Macao Greater Bay Area, anticipating significant opportunities in the future[39]. COVID-19 Response - The company has implemented strict health and safety measures during the COVID-19 pandemic, including providing hand sanitizers and masks to employees[40]. - The company continues to monitor the developments of the COVID-19 pandemic and its impact on business operations[65]. - The company has implemented multiple preventive measures during the COVID-19 outbreak, including providing masks and hand sanitizers to reduce infection risks[122]. - The group has adopted a "work from home" policy to ensure employee safety during the pandemic[91]. Environmental and Social Responsibility - The group is committed to sustainable development and engages with stakeholders to balance their interests and concerns[89]. - The group has implemented energy-saving measures to reduce energy consumption and improve energy efficiency, including encouraging employees to turn off unused equipment and using energy-efficient appliances[103]. - The group emphasizes environmental protection and has established a comprehensive environmental policy covering waste reduction and energy efficiency[95]. - The group has developed a "green office" initiative to promote resource management and reduce environmental impact[102]. - The group has a waste management strategy focused on collecting and recycling paper[96]. - The group encourages employees to use reusable water bottles and cups to reduce carbon emissions and avoid disposable items[108]. - The company actively participates in community investment and charitable activities, contributing to social stability and community harmony[135]. Governance and Compliance - The company has maintained compliance with applicable laws and regulations, with no significant violations reported for the fiscal year 2020[149]. - The company emphasizes the importance of maintaining good relationships with employees and clients, providing value-added services to licensed business customers[150]. - The board consists of five executive directors and five independent non-executive directors, ensuring a strong independent component for effective governance[179]. - The company has adopted a board diversity policy, considering various factors such as gender, age, and professional experience in selecting candidates[186]. - The company ensures clear separation of responsibilities between the chairman and the CEO to avoid power concentration[183]. - The audit committee held three meetings in the fiscal year 2020, with full attendance from its members[188]. - The company has established a continuous learning funding program to support the professional development of its members, including directors[183]. Employee Relations - The group had 88 employees as of March 31, 2020, with compensation packages reviewed regularly based on market norms and individual performance[80]. - The group regularly reviews employee compensation to ensure it is competitive and aligned with market standards[117]. - The company maintained a five-day work week and adhered to Hong Kong employment regulations, ensuring employee rights to rest days and various leaves[118]. - During the fiscal year 2020, the company provided training for new employees, focusing on corporate culture and industry knowledge, enhancing professional skills and efficiency[119]. - No significant violations related to employment, health and safety, or labor standards occurred during the fiscal year 2020[123].

Financial Performance - The company reported a revenue of HKD 98,098,000 for the six months ended September 30, 2019, a decrease of 9.4% compared to HKD 108,013,000 for the same period in 2018[7]. - The net loss attributable to the company's owners for the period was HKD 29,611,000, compared to a loss of HKD 39,154,000 in the previous year, representing a 24.5% improvement[9]. - The company reported a basic and diluted loss per share of HKD 0.56, compared to HKD 0.79 in the same period last year, reflecting an improvement in loss per share[9]. - For the six months ended September 30, 2019, total revenue from external customers was HKD 31,772 million, a decrease from HKD 41,357 million in the same period of 2018, representing a decline of approximately 23.2%[42]. - The company reported a pre-tax loss of HKD 45,957 million for the six months ended September 30, 2018, indicating a significant financial challenge compared to the current period[42]. - The company reported unallocated expenses of HKD 29,609 million, which impacted overall profitability for the reporting period[42]. Assets and Liabilities - The total assets as of September 30, 2019, were HKD 809,258,000, down from HKD 1,091,144,000 as of March 31, 2019, indicating a decrease of 25.8%[10]. - As of September 30, 2019, the total equity of the company was HKD 536,267,000, a decrease from HKD 548,510,000 as of March 31, 2019, representing a decline of approximately 2.26%[12]. - The company's current liabilities, including accounts payable, decreased from HKD 106,438,000 as of March 31, 2019, to HKD 72,721,000 as of September 30, 2019, a reduction of approximately 31.67%[12]. - The total assets less current liabilities amounted to HKD 543,638,000 as of September 30, 2019, compared to HKD 550,510,000 as of March 31, 2019, showing a decrease of about 1.24%[12]. - The company's net liabilities classified as held for sale amounted to HKD 265,620,000 as of September 30, 2019, compared to HKD 221,588,000 as of March 31, 2019, reflecting an increase of about 19.87%[12]. Cash Flow - The net cash used in operating activities for the six months ended September 30, 2019, was HKD (4,365,000), compared to HKD (46,308,000) for the same period in 2018, indicating an improvement[18]. - The company reported a net cash outflow from investing activities of HKD (21,416,000) for the six months ended September 30, 2019, compared to HKD (7,006,000) in the previous year, reflecting increased investment expenditures[18]. - The net cash used in financing activities was HKD (32,756,000) for the six months ended September 30, 2019, compared to a net cash inflow of HKD 11,631,000 in the same period of 2018, indicating a shift in financing strategy[18]. Expenses - The company’s administrative expenses were HKD 61,856,000, up from HKD 50,745,000 in the previous year, indicating a rise of 21.5%[7]. - The company incurred financing costs of HKD 9,803,000, which increased from HKD 7,707,000 in the previous period[7]. - Depreciation expenses increased to HKD 4,501,000, up from HKD 702,000 in the previous year, with the addition of right-of-use assets contributing HKD 3,312,000[51]. - Employee costs decreased to HKD 26,999,000 from HKD 28,312,000, while share-based payment expenses were HKD 10,332,000, a new expense category[51]. Investments and Financing - The company made capital expenditures of HKD 17,048 million, indicating ongoing investment in non-current assets[46]. - The company’s total loans receivable, net of expected credit loss provisions, was HKD 196,424,000 as of September 30, 2019, compared to HKD 169,462,000 as of March 31, 2019[57]. - The mortgage financing segment's total loan portfolio was approximately HKD 136,339,000 as of September 30, 2019, showing a slight increase compared to March 31, 2019, with revenue from this segment amounting to HKD 11,382,000[85]. Corporate Governance - The company maintains a high level of corporate governance, adhering to the corporate governance code as per listing rules[111]. - The company is committed to enhancing corporate governance practices continuously[111]. - The company’s audit committee, composed of five independent non-executive directors, reviewed the unaudited interim financial statements for the review period[139]. Shareholder Information - Major shareholders include Mr. Zhang with 1,303,448,437 shares, representing 24.22% of total shares[108]. - The company did not recommend an interim dividend for the period, consistent with the previous year[53]. - The company issued a total of 989,226,416 warrants, with an initial subscription price of HK$0.01 per share, approved by shareholders on September 24, 2018[137].

Financial Performance - For the fiscal year 2019, the company reported a revenue of HKD 234,787,000 and a net loss of HKD 6,435,000[19] - The group recorded a revenue of approximately HKD 234,787,000 for the fiscal year 2019, a decrease of 5.4% compared to HKD 248,614,000 in fiscal year 2018[35] - The net loss for fiscal year 2019 was approximately HKD 6,435,000, significantly improved from a net loss of HKD 17,348,000 in fiscal year 2018[35] - Corporate finance revenue for fiscal year 2019 was approximately HKD 17,661,000, with ongoing IPO projects and strong relationships with other brokerage firms[40] - The mortgage financing segment achieved a loan portfolio of approximately HKD 133,138,000 as of March 31, 2019, with revenue of HKD 23,490,000 for the fiscal year[42] - The total transaction value of securities handled by the group in the fiscal year 2019 was approximately HKD 4.4 billion[55] - The company reported a significant increase in revenue, achieving a total of HKD 1.2 billion for the fiscal year, representing a growth of 15% year-over-year[184] Cash and Assets - The company maintained a strong cash position with bank balances and cash on hand amounting to HKD 112,372,000 as of March 31, 2019[19] - The group's net asset value as of March 31, 2019, was approximately HKD 548.51 million, down from HKD 593.14 million in the previous fiscal year[50] - The group's external financing amounted to approximately HKD 200.07 million, a decrease from HKD 288.05 million in the previous fiscal year, with a debt-to-equity ratio of approximately 0.36 compared to 0.48 previously[50] - The group holds financial assets at fair value amounting to approximately HKD 27.72 million, down from HKD 79.96 million in the previous fiscal year[50] Business Development and Strategy - The company launched a new futures brokerage service during the fiscal year, aimed at helping clients hedge risks[20] - The corporate finance department secured a new IPO mandate for Gao Ao Shi International Holdings Limited, which successfully completed its IPO during the fiscal year[21] - The company applied to the Securities and Futures Commission for a license to provide financial advisory services for mergers and acquisitions, indicating a focus on expanding this business area[21] - The company plans to intensify its focus on securing more IPO business, recognizing its importance as a key revenue source[21] - The group plans to enhance its asset management strategy to capitalize on opportunities in the high-tech sector and the Greater Bay Area development plan[41] - The group plans to enhance its financial services in the Guangdong-Hong Kong-Macao Greater Bay Area, focusing on debt and equity fundraising services[48] - The group is preparing to offer index futures products to clients to manage risks associated with the volatility of the Chinese A-share market[47] Community Engagement and Sustainability - The company has a strong commitment to community investment, participating in various activities, including sponsoring the "Ecological Protection Race" to raise awareness about marine plastic pollution[24] - The company is committed to environmental sustainability through participation in various eco-friendly activities[69] - The environmental, social, and governance report outlines the group's policies and strategies related to sustainability for the fiscal year 2019[73] - The company has established a comprehensive environmental protection policy focusing on reducing emissions and managing waste[78] - The company has implemented energy-saving measures to improve energy efficiency and reduce environmental impact[81] - The company encourages employees to participate in continuous education and professional training[76] - The company emphasizes the importance of community engagement and aims to actively participate in public welfare initiatives[113] Employee and Governance - As of March 31, 2019, the group employed 113 staff members, with compensation packages reviewed regularly based on market norms and individual performance[60] - The company emphasizes ongoing professional development for directors, ensuring they are well-informed about regulatory changes and best practices[153] - The board consists of five executive directors and five independent non-executive directors, ensuring a strong independent component for effective governance[151] - The audit committee, composed entirely of independent non-executive directors, held three meetings in the fiscal year 2019, with full attendance from its members[158] - The company has adopted a board diversity policy, emphasizing the importance of diverse backgrounds in achieving strategic goals and sustainable development[156] - The company has a zero-tolerance policy towards corruption and has implemented strict guidelines and reporting mechanisms to prevent bribery and fraud[107] Future Outlook - The company provided guidance for the next fiscal year, projecting a revenue growth of 10% to 12%[184] - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on expanding the product line in the technology sector[184] - The company is investing HKD 50 million in research and development for new technologies aimed at enhancing user experience[184] - Market expansion plans include entering two new regions in Asia, targeting a market size of approximately HKD 300 million[184] - The company is considering strategic acquisitions to enhance its market position, with a budget of up to HKD 100 million allocated for potential deals[184] - A new marketing strategy has been implemented, aiming to increase brand awareness by 25% over the next year[184]