Revenue Performance - Revenue from securities brokerage business decreased to HKD 2,913 thousand in 2023 from HKD 32,455 thousand in 2022, a significant drop[16] - Interest income from lending business declined to HKD 2,788 thousand in 2023 from HKD 8,348 thousand in 2022[16] - Asset management business revenue increased to HKD 10,885 thousand in 2023 from HKD 4,583 thousand in 2022[16] - Corporate finance service revenue decreased to HKD 5,444 thousand in 2023 from HKD 6,844 thousand in 2022[16] - Total revenue for 2023 was HKD 26,943 thousand, down from HKD 58,487 thousand in 2022[16] - Total revenue and net investment loss decreased by approximately 59.68% from HKD 55,336,000 in FY2022 to HKD 22,313,000 in FY2023, primarily due to a decline in underwriting business and reduced loan issuance[61] - Securities brokerage and margin financing revenue dropped by approximately 80.36% from HKD 37,222,000 in FY2022 to HKD 7,309,000 in FY2023[62] - Corporate finance segment revenue (excluding inter-segment revenue) decreased by approximately 20.46% from HKD 6,844,000 in FY2022 to HKD 5,444,000 in FY2023, with a segment profit of HKD 14,446,000 compared to a segment loss of HKD 11,652,000 in FY2022[63] - Advisory and insurance brokerage services revenue decreased by approximately 34.54% from HKD 1,242,000 in FY2022 to HKD 813,000 in FY2023[72] - Revenue for the year ended March 31, 2023, was HKD 26.94 million, a significant decrease from HKD 58.49 million in the previous year[177] - Total revenue for 2023 was HK$26.943 million, a significant decrease from HK$58.487 million in 2022[195] - Asset management business revenue increased to HK$10.651 million in 2023 from HK$4.583 million in 2022[195] - Securities brokerage revenue dropped sharply to HK$2.913 million in 2023 from HK$32.455 million in 2022[195] - Corporate finance service revenue rose to HK$2.236 million in 2023 from HK$1.100 million in 2022[195] Interest Expenses and Income - Interest expense on corporate bonds decreased to HKD 3,228 thousand in 2023 from HKD 7,764 thousand in 2022[21] - Total interest expenses decreased to HKD 5,136 thousand in 2023 from HKD 11,570 thousand in 2022[21] - The company recorded interest income from lending of approximately HK$2,788,000 in 2023, a decrease of 66.60% compared to HK$8,348,000 in 2022[41] Financial Performance and Losses - The company's basic and diluted loss per share for the reporting year was approximately HK$0.0558, compared to HK$0.0866 in the same period of 2022[39] - The company's pre-tax loss for 2023 was HK$58,863,000, compared to HK$79,534,000 in 2022[47] - The group reported a net loss of HKD 58.86 million for the year ended March 31, 2023, compared to a net loss of HKD 79.31 million in the previous year[177] - The basic and diluted loss per share for the year ended March 31, 2023, was HKD 5.58, compared to HKD 8.66 in the previous year[177] Asset and Liability Management - The company's trade receivables decreased to HK$30,397,000 in 2023 from HK$47,537,000 in 2022, with an expected credit loss of HK$14,604,000[51] - The company's receivable loans decreased to HK$12,247,000 in 2023 from HK$50,727,000 in 2022, with an expected credit loss of HK$4,906,000[30] - The company's current assets and current liabilities as of March 31, 2023, were approximately HKD 369,299,000 and HKD 177,169,000, respectively, with a current ratio of 2.08 times[120] - The fair value of investments as of March 31, 2023, was HKD 99,647,000, accounting for approximately 20.94% of the company's total assets[123] - Total current assets decreased to HK$369.299 million in 2023 from HK$492.586 million in 2022[183] - Total current liabilities reduced to HK$177.169 million in 2023 from HK$321.401 million in 2022[183] - Net current assets improved to HK$192.130 million in 2023 from HK$171.185 million in 2022[183] - Total assets minus current liabilities increased to HK$298.592 million in 2023 from HK$283.209 million in 2022[183] Capital and Share Issuance - The company issued 219,660,000 ordinary shares with a par value of HKD 0.10 each in January 2023, raising net proceeds of approximately HKD 56,820,000[59] - The company issued 183,000,000 ordinary shares at HKD 0.10 each, raising a net amount of approximately HKD 56,730,000[88] - The company issued 183,000,000 new shares at a subscription price of HKD 0.31 per share, representing approximately 19.99% of the total issued shares before the issuance[110][141] - Net proceeds from the share placement amounted to approximately HKD 56.82 million after deducting commissions and related expenses[147] Business Strategy and Operations - The company's strategy focuses on consolidating existing securities operations and collaborating closely with corporate finance and wealth management businesses to provide integrated financial services[40] - The company operates primarily in Hong Kong, with no significant regional revenue breakdown provided[20] - The company's operational segments include corporate finance, advisory, and insurance brokerage services[10] - The company's name was changed from "China Fortune Financial Group Limited" to "GoFintech Innovation Limited" to better reflect its future development direction[128] - The company plans to focus on financial technology innovation, expand business lines, and leverage opportunities in the Greater Bay Area and national policies like "Dual Circulation" and "Belt and Road"[139] Debt and Financing - The company repaid the outstanding principal and interest of HKD 153,585,000 for the PAL convertible bonds, which matured on March 30, 2020[77] - The company allocated HKD 180,000,000 from the first tranche of convertible bonds to fund and expand margin financing and underwriting business of a joint venture[75] - The third tranche of Jiangxian Capital convertible bonds was exercised at a conversion price of HKD 0.06, resulting in the issuance of 650,000,000 shares on January 14, 2019[76] - The company utilized HKD 60,000,000 for expanding margin financing and underwriting business, with no unused funds remaining[79] - HKD 120,000,000 allocated for establishing a joint venture in China under the "Closer Economic Partnership Arrangement" remains unused, pending regulatory approval[79] - HKD 150,000,000 was fully utilized for expanding the company's money lending business[79] - The company issued convertible bonds totaling HKD 570,000,000 in 2016, with subsequent tranches used for expanding margin financing and underwriting business[100][102] - The second tranche of Jiangxian Capital convertible bonds raised HKD 60,000,000, with HKD 50,000,000 allocated for margin financing and HKD 10,000,000 for underwriting business[102] - The capital gearing ratio decreased significantly to 12.40% as of March 31, 2023, compared to 70.85% in the previous year, primarily due to the repayment of corporate bonds and bank loans[151] - The debt ratio (total debt divided by total assets) was 37.69% as of March 31, 2023, down from 59.01% in the previous year[151] Investments and Financial Instruments - Equity investment segment recorded a net investment loss of HKD 4,500,000 in FY2023, an increase of approximately 60.20% compared to a loss of HKD 2,809,000 in FY2022[73] - The group held financial assets at fair value through profit or loss of approximately HKD 71.49 million as of March 31, 2023, compared to HKD 5.39 million in the previous year[152] - The net loss on financial instruments was HKD 4.63 million for the year ended March 31, 2023, compared to HKD 3.15 million in the previous year[152] Employee and Operational Costs - Employee costs decreased to HKD 36.12 million for the year ended March 31, 2023, from HKD 43.99 million in the previous year, with the number of employees reduced to 55 from 69[158] Regulatory and Compliance - The company delayed the publication of its 2023 annual results due to allegations from a major shareholder[2] - The company's licensed subsidiaries maintained compliance with Hong Kong's Securities and Futures (Financial Resources) Rules regarding liquidity requirements[83] - The company's subsidiary must maintain a minimum net asset value of HKD 300,000 as a licensed insurance intermediary[119] - The group had no significant contingent liabilities as of March 31, 2023[156] Government Subsidies and Tax - The company recognized a government subsidy related to COVID-19 of HK$1,260,000 in 2023, which was associated with the Hong Kong government's employment support scheme[44] - The company's tax losses from certain subsidiaries in China amounted to approximately HK$17,704,000 as of March 31, 2023, with HK$4,414,000 of tax losses expiring during the year[24] Shareholder and Capital Structure - The company's weighted average number of ordinary shares used to calculate basic and diluted loss per share increased to 1,055,102,000 in 2023 from 915,308,000 in 2022[26] - The company's placement price of HKD 0.26 per share represented an 8.33% premium over the closing price of HKD 0.2400 on December 28, 2022[115] - The company's total unused funds for self-trading, private equity investments, and asset management businesses were fully utilized as of March 31, 2023[137] - Net asset value increased to HK$296.469 million in 2023 from HK$247.859 million in 2022[178] - Share capital grew to HK$131.797 million in 2023 from HK$91.531 million in 2022[178] Miscellaneous - The company had capital commitments of HKD 7,907,000 for financial assets at fair value through profit or loss as of the reporting date in FY2023, compared to none in FY2022[60] - The company's money lending business had five outstanding loans totaling HKD 50,500,000 with annual interest rates ranging from 12% to 15%[96] - The company's capital structure is regularly reviewed and adjusted in response to economic changes, ensuring sufficient liquidity for business operations[83] - The company's unused funds for margin financing, asset management, and lending businesses are expected to be utilized by December 2023, with amounts of HKD 2,000,000, HKD 1,030,000, and HKD 22,000,000, respectively[117]

Corporate Governance Changes - The company reported a significant change in its board of directors, with Dr. Liu Zhiwei appointed as Chairman on August 22, 2022, and several other directors resigning or being removed during the year[5]. - The company has undergone a restructuring of its executive team, with key positions changing hands, including the resignation of the CEO Zhu Yi on September 15, 2022[5]. - The company has established various committees, including an audit committee and a remuneration committee, to enhance corporate governance[11]. Financial Performance - Revenue for the six months ended September 30, 2022, was HK$14,695,000, a decrease of 9.2% from HK$16,193,000 in the same period of 2021[22]. - Net investment losses amounted to HK$450,000, compared to losses of HK$2,989,000 in the previous year, indicating an improvement[22]. - Loss before tax for the period was HK$24,615,000, reduced from HK$32,421,000 in the prior year, reflecting a 24.5% decrease in losses[22]. - Loss for the period was HK$24,607,000, down from HK$32,977,000 in the same period last year, representing a 25.3% reduction[22]. - Other income increased significantly to HK$1,988,000 from HK$458,000, marking a rise of 334.8%[22]. - Staff costs decreased to HK$23,326,000 from HK$24,943,000, a reduction of 6.5%[22]. - Finance costs decreased to HK$3,643,000 from HK$6,858,000, showing a decline of 46.9%[22]. - Expected credit losses on loans and trade receivables were HK$8,708,000, compared to HK$557,000 in the previous year, indicating a significant increase in provisions[22]. - Share of profits of associates rose to HK$4,478,000 from HK$1,841,000, an increase of 143.5%[22]. - For the six months ended September 30, 2022, the company reported a loss per share of HK$ (2.7), an improvement from a loss of HK$ (3.6) in the same period of 2021[25]. - Total comprehensive expense for the period was HK$ (36,715,000), compared to HK$ (31,327,000) in the previous year, indicating an increase in losses[25]. Asset and Equity Changes - Current assets decreased to HK$ 387,084,000 from HK$ 492,586,000 as of March 31, 2022, reflecting a decline of approximately 21.4%[27]. - Non-current assets decreased from HK$ 105,818,000 to HK$ 98,840,000, a reduction of about 6.9%[27]. - Net current assets increased to HK$ 190,582,000 from HK$ 171,185,000, showing a growth of approximately 11.5%[30]. - Total equity rose to HK$ 267,874,000 as of September 30, 2022, compared to HK$ 247,859,000 at the end of March 2022, reflecting an increase of about 8.1%[30]. - The company issued shares worth HK$ 56,730,000 during the period, contributing to the increase in total equity[33]. Cash Flow and Financing Activities - For the six months ended September 30, 2022, the company reported a net cash generated from operating activities of HK$34,323,000, a decrease from HK$70,549,000 in the same period of 2021, representing a decline of approximately 51.3%[176]. - The company experienced a net decrease in cash and cash equivalents of HK$47,640,000 for the six months ended September 30, 2022, compared to a decrease of HK$64,101,000 in the same period of 2021, showing an improvement of approximately 25.7%[178]. - The cash and cash equivalents at the beginning of the period were HK$190,418,000, down from HK$263,850,000 at the same time last year, reflecting a decrease of approximately 27.7%[178]. - The company redeemed convertible bonds amounting to HK$100,000,000 during the financing activities, which is a significant cash outflow compared to the previous year[176]. - The company’s cash flows from financing activities resulted in a net cash used of HK$82,390,000, compared to HK$134,753,000 in the previous year, indicating a reduction of approximately 38.9%[178]. Market Position and Future Outlook - The company is positioned in the fintech sector, which may suggest potential for market expansion, but specific strategies or plans are not outlined in the extracted content[12]. - The company plans to continue its market expansion and product development strategies to improve future performance and mitigate losses[176]. - Management has indicated ongoing efforts to enhance operational efficiency and explore new market opportunities[198]. Financial Reporting and Compliance - GoFintech Innovation Limited reported its interim financial information for the six months ended 30 September 2022, prepared in accordance with HKAS 34, with figures presented in thousands of Hong Kong dollars (HK$'000) [181]. - The Group's interim financial information for the Period is unaudited but has been reviewed by the Audit Committee and external auditors [181]. - The accounting policies and methods used in the interim financial information are consistent with those used in the preparation of the Group's most recent annual financial statements for the year ended 31 March 2022 [183]. - The Group has applied amendments to Hong Kong Financial Reporting Standards (HKFRSs) effective for the financial year beginning on 1 April 2022, with no material impact on the Group's financial statements [185]. - The financial information is presented in compliance with the applicable disclosure requirements of the Listing Rules governing the listing of securities on the Stock Exchange [181]. Revenue Breakdown - Income from securities brokerage business was HK$1,747,000, down from HK$1,892,000, reflecting a decline of 7.7% year-over-year[194]. - Income from money lending business decreased significantly to HK$1,459,000, a drop of 70.8% from HK$4,981,000 in the previous year[194]. - Margin interest income from securities brokerage business increased to HK$5,519,000, up 157.9% from HK$2,141,000 in the same period last year[194]. - Revenue from contracts with customers under HKFRS 15 was HK$11,425,000, an increase of 33.5% compared to HK$8,567,000 in 2021[198]. - Service income from corporate finance was HK$3,790,000, slightly down from HK$3,923,000, a decrease of 3.2% year-over-year[198]. - Income from asset management business was HK$5,519,000, a significant increase from HK$2,141,000, reflecting a growth of 157.9%[198]. - Dividend income was nil for the current period, compared to HK$229,000 in the previous year[194]. - The company continues to focus on expanding its service offerings in the securities brokerage and asset management sectors[198].

Financial Performance - As of March 31, 2022, the Group's total revenue was approximately HK$58,487,000, representing a year-on-year decrease of approximately 56%[29]. - The Group recorded a loss before tax of approximately HK$79,534,000 for the year ended March 31, 2022, compared to a loss of approximately HK$13,495,000 for the corresponding period in 2021, marking an increase in loss of approximately 487.69%[34]. - Revenue from the securities brokerage and margin financing business decreased by approximately 27.04% to approximately HK$37,222,000 from approximately HK$51,014,000 in 2021[38]. - The corporate finance segment revenue decreased by approximately 82.09% from approximately HK$38,207,000 to approximately HK$6,844,000, with a segment loss of approximately HK$11,652,000 for the year ended March 31, 2022[38]. - The Group's net investment losses were significant, with no net investment gain recorded for the year ended March 31, 2022, compared to approximately HK$5,702,000 in 2021[38]. - The basic and diluted loss per share for the Reporting Year was approximately HK8.66 cents, compared to approximately HK1.47 cents for the corresponding period in 2021[35]. - The overall performance of the Group was impacted by a decrease in revenue across all segments and expected credit losses on loans and trade receivables[34]. Market Environment - The Hang Seng Index experienced a significant decline of approximately 14% in 2021, while the Hang Seng Tech Index fell about 33%[24]. - The Markit iBoxx China High-Yield U.S. dollar-denominated Bond Total Return Index closed down about 22% for the year, indicating a challenging bond market[24]. - Only 95 new IPOs were recorded on the main board of Hong Kong, a decrease of about 30% from 136 in the previous year[24]. - The capital market environment has pressured the income stream of financial institutions, affecting overall performance[24]. - The implementation of the SPAC system is expected to restore market confidence gradually[24]. Investment and Financing Activities - The company participated in the Series B financing of Genuine Biotech, marking a breakthrough in its investment and capital management business[25]. - The company foresees a number of large-scale stocks with Chinese concepts planning to list in Hong Kong as their secondary listing place[24]. - The company aims to enhance its market position through strategic participation in significant financing projects and IPOs[25]. - The Group entered into subscription agreements for the issuance of convertible bonds totaling HK$570,000,000, with specific amounts allocated to different investors[49]. - The principal amount of convertible bonds subscribed by Mankind Investment Limited was HK$110,754,000[49]. - The net proceeds raised from the issuance of Tranche 1 Convertible Bonds were approximately HK$385,000,000, with HK$180,000,000 allocated for expanding margin financing and underwriting business[53]. - Approximately HK$150,000,000 was used to expand the money lending business, while HK$12,000,000 was allocated for private equity investments[53]. - The company plans to strengthen its proprietary trading business with approximately HK$36,000,000 from Tranche 3 proceeds[56]. - The company is actively engaging in private equity investments, including pre-IPO investments, with approximately HK$12,000,000 allocated for this purpose[56]. Risk Management and Compliance - The Group emphasized the importance of compliance and risk control, aiming to reduce risk exposure while exploring new business opportunities[28]. - The Group applies a general approach in measuring loss allowance for expected credit losses on loans receivable, considering factors such as collateral ratio and repayment delays[39]. - Management classifies loan receivables into three stages based on credit risk, with Stage 1 indicating no significant increase in risk, Stage 2 indicating a significant increase, and Stage 3 indicating credit impairment[42]. - The Group's assessment of default risk incorporates studies from external credit rating agencies and forward-looking economic information[42]. - The Group has implemented credit management policies to monitor and manage credit risks associated with trading and overdue debts[127][129]. Employee and Management Information - As of March 31, 2022, the Group had a total of 69 employees, down from 81 employees in 2021[132]. - Employee costs for the reporting year (excluding Directors' remunerations) amounted to approximately HK$43,987,000, a decrease of about 40.5% from approximately HK$74,094,000 in 2021[132]. - The Group's employee remuneration is based on industry practices and individual performance, with benefits including retirement contributions and medical allowances[132]. - Mr. Zhu Yi was appointed as CEO in April 2020, having joined the group in May 2017 as the head of compliance and risk management[147]. - Ms. Sun Qing has over 20 years of experience in the financial industry, previously working at Everbright Securities for nearly 20 years[149]. - Mr. Han Hanting has more than 10 years of experience in investment banking, successfully leading M&A projects for several Hong Kong listed companies[152]. Capital Structure and Liquidity - The Group's current assets and current liabilities as of March 31, 2022, were approximately HK$492,586,000 and HK$321,401,000, respectively, resulting in a current ratio of about 1.53 times[110]. - The gearing ratio decreased to approximately 70.85% as of March 31, 2022, down from 102.71% in 2021, primarily due to a reduction in bank loans and corporate bonds[113]. - The debt ratio was approximately 59.01% as of March 31, 2022, compared to 66.06% in 2021[113]. - The Group actively reviews and manages its capital structure to ensure adequate liquidity levels to support business activities[102]. - The Group's capital structure includes debt instruments such as convertible bonds, corporate bonds, and loans, alongside cash and cash equivalents[108]. Corporate Governance and Compliance - The Directors do not recommend the payment of a final dividend for the year ended March 31, 2022, consistent with the previous year where no dividend was paid[181]. - There were no breaches of applicable laws and regulations by the Group that significantly impacted its business and operations during the year ended March 31, 2022[197]. - The Group maintained good relationships with employees and customers, with no material disputes reported during the year[198]. - The Group is committed to complying with environmental laws and minimizing the negative impact of its business activities on the environment[199].

Financial Compliance and Structure - The interim financial information was reviewed and found to be in compliance with HKAS 34, with no significant issues identified[20]. - The report includes the condensed consolidated statement of financial position as of September 30, 2021, and related financial statements for the six-month period[11]. - The report is structured to comply with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited[11]. - The management discussion and analysis section spans pages 62 to 86, providing insights into performance and strategy[2]. - The independent auditor for the company is BDO Limited, a certified public accounting firm[22]. - The company has a remuneration committee and a nomination committee, both chaired by Mr. Xie Zhichun[5]. - The registered office is located in Grand Cayman, Cayman Islands, with a principal place of business in Hong Kong[6]. - The principal bankers include Bank of Communications, China Construction Bank, and China Everbright Bank among others[7]. Financial Performance - Revenue for the six months ended September 30, 2021, was HK$16,193,000, a decrease of 64.0% compared to HK$45,067,000 in the same period of 2020[29]. - Net investment losses for the period were HK$2,989,000, compared to gains of HK$18,628,000 in the previous year[29]. - Loss before tax for the six months was HK$32,421,000, compared to a profit of HK$1,418,000 in the same period of 2020[29]. - Loss for the period amounted to HK$32,977,000, significantly higher than the loss of HK$2,633,000 in the prior year[29]. - Total comprehensive loss for the period was HK$31,327,000, compared to a comprehensive income of HK$7,398,000 in the same period of 2020[33]. - Basic and diluted loss per share attributable to owners of the Company was HK(3.6) cents, compared to HK(0.3) cents in the previous year[33]. - The company reported a loss of HK$32,977,000 for the six months ended September 30, 2021, compared to a loss of HK$2,633,000 for the same period in the previous year[41]. Asset and Liability Changes - Non-current assets decreased from HK$22,131,000 as of March 31, 2021, to HK$17,684,000 as of September 30, 2021[35]. - Current assets decreased from HK$167,724,000 as of March 31, 2021, to HK$133,511,000 as of September 30, 2021[35]. - Net assets decreased from HK$324,308,000 as of March 31, 2021, to HK$292,981,000 as of September 30, 2021[38]. - Total liabilities decreased from HK$567,605,000 as of March 31, 2021, to HK$379,220,000 as of September 30, 2021[35]. - As of September 30, 2021, total equity amounted to HK$292,981,000, a decrease from HK$324,308,000 as of April 1, 2021, reflecting a loss for the period[41]. - The accumulated losses increased to HK$497,620,000 as of September 30, 2021, from HK$469,804,000 as of April 1, 2021[41]. Cash Flow and Financing Activities - Cash generated from operations for the six months ended September 30, 2021, was HK$70,320, a decrease of 64.3% compared to HK$196,775 in 2020[78]. - Net cash generated from operating activities was HK$70,549, down 64.1% from HK$196,964 in the previous year[78]. - Net cash used in financing activities was HK$134,753, a reduction from HK$344,779 in 2020, indicating improved cash flow management[80]. - Cash and cash equivalents at the end of the period stood at HK$200,343, an increase of 15.1% from HK$173,949 at the end of the same period in 2020[80]. - The company reported a net decrease in cash and cash equivalents of HK$64,101, compared to a decrease of HK$147,379 in the prior year, indicating better cash flow stability[80]. - Interest paid during the period was HK$6,332, a decrease from HK$8,561 in the previous year, suggesting reduced borrowing costs[78]. - The company made repayments of corporate bonds totaling HK$61,277, down from HK$426,295 in the previous year, indicating a significant reduction in debt obligations[78]. Revenue Breakdown - For the six months ended September 30, 2021, total revenue was HK$16,193,000, a decrease of 64.0% compared to HK$45,067,000 for the same period in 2020[131]. - Income from money lending business was HK$4,981,000, down 72.5% from HK$18,089,000 in the previous year[131]. - Income from securities brokerage business decreased by 46.3% to HK$1,892,000 from HK$3,529,000 year-on-year[131]. - Service income from corporate finance dropped significantly to HK$3,923,000, a decline of 75.0% compared to HK$15,633,000 in the prior period[131]. - Dividend income increased to HK$229,000, up 21.1% from HK$189,000 in the previous year[131]. - Income from asset management business decreased to HK$2,141,000, down 60.1% from HK$5,364,000 in the same period last year[131]. - Margin interest income from securities brokerage business rose to HK$2,416,000, an increase of 62.7% from HK$1,485,000 in the previous year[131]. Other Financial Information - The company did not pay or propose any dividends during the period, consistent with the previous year[190]. - The weighted average number of ordinary shares in issue remained unchanged at 915,308,000 shares for both periods[194]. - The company did not purchase any property and equipment during the period, compared to approximately HK$3,000 in the same period of 2020[199]. - The tax rate for the company's PRC subsidiaries is 25%, but no provision for PRC Enterprise Income Tax was made as there were no assessable profits during the reporting periods[191]. - The provision for Hong Kong Profits Tax for the current period was HK$556,000, significantly lower than HK$4,051,000 in the same period of 2020[189]. - Staff costs decreased to HK$24,943,000 in 2021 from HK$28,228,000 in 2020, with salaries and allowances dropping from HK$22,184,000 to HK$19,089,000[184]. - Total other income decreased to HK$458,000 in 2021 from HK$3,320,000 in 2020, primarily due to a significant drop in sundry income from HK$2,881,000 to HK$131,000[174].

Financial Performance - The Group's overall performance for the year ended 31 March 2021 was significantly impacted by the COVID-19 pandemic and global economic turbulence[11]. - For the year ended March 31, 2021, the Group's revenue and net investment gains amounted to approximately HK$150.67 million, representing a decrease of approximately 9.24% from HK$166.02 million for the year ended March 31, 2020[25]. - The Group recorded a loss of approximately HK$13.50 million for the year ended March 31, 2021, a significant reduction of approximately 81.21% compared to the loss of approximately HK$71.81 million for the corresponding period in 2020[27]. - The basic and diluted loss per share for the Reporting Year was approximately HK1.47 cents, compared to approximately HK7.85 cents for the corresponding period in 2020[28]. - Segment profit for the year ended 31 March 2021 was approximately HK$11,635,000, a decrease of approximately 31.99% from approximately HK$17,108,000 in 2020[32]. - Corporate finance segment revenue decreased by approximately 25.97% from approximately HK$51,612,000 to approximately HK$38,207,000, with segment profit dropping to approximately HK$319,000 from approximately HK$1,128,000 in 2020[34]. - Interest income from money lending was approximately HK$31,354,000, a decrease of approximately 22.97% compared to HK$40,702,000 in 2020[35]. - Revenue from consultancy and insurance brokerage services was approximately HK$1,487,000, representing a reduction of approximately 37.86% from approximately HK$2,393,000 in 2020[41]. - The overall performance of net loss attributable to owners improved mainly due to a decrease in finance costs, staff costs, and a net investment gain from financial assets[27]. Market Trends and Economic Impact - The DJIA, S&P 500, and Nasdaq experienced increases of 7.3%, 16.3%, and 43.6% respectively throughout the year, marking the largest annual increases since 2009[11]. - In Hong Kong, 154 companies were listed throughout 2020 despite uncertainties from the National Security Law and the economic downturn caused by the pandemic[11]. - The Federal Reserve's economic stimulus packages injected vast amounts of capital into the market, influencing global market dynamics[11]. - The Group's management is optimistic about recovery and growth prospects in the post-pandemic environment[11]. - The Company believes that uncertainties in international relationships will persist in a post-COVID-19 world, but remains optimistic about overcoming challenges[174]. Strategic Initiatives - The Group aims to leverage the growth in the digital economy and technology sectors, which have seen abnormal blooms during the pandemic[11]. - Future strategies include enhancing digital services and expanding market presence in response to evolving consumer behaviors[11]. - The Group is focused on adapting to the changing market conditions and exploring new opportunities for growth[11]. - The Company aims to enhance its image as a top-notch investment bank based in Hong Kong, supported by the mainland China[16]. - The company aims to strengthen existing securities operations and collaborate closely with corporate finance and wealth management to provide integrated financial services to institutional and high net worth clients[33]. Capital Management and Financing - The company raised approximately HK$385,000,000 through the issue of convertible bonds, with allocations for expanding margin financing, money lending, private equity investments, and general working capital[50]. - The net proceeds from the first tranche of convertible bonds amounted to approximately HK$385,000,000, with HK$180,000,000 allocated for margin financing and underwriting business expansion, HK$150,000,000 for debt issuance expansion, HK$12,000,000 for private equity investments, HK$9,000,000 for strengthening subsidiary capital, and HK$34,000,000 for general operating funds[53]. - The second tranche of convertible bonds raised net proceeds of HK$60,000,000, with approximately HK$50,000,000 used for expanding margin financing and HK$10,000,000 for underwriting business[55]. - The third tranche of convertible bonds raised net proceeds of HK$60,000,000, with approximately HK$36,000,000 for proprietary trading, HK$12,000,000 for private equity investments, and HK$12,000,000 for asset management as seed capital[57]. - The company has focused on strengthening its capital base and expanding its financing and underwriting businesses through the issuance of convertible bonds[53]. Regulatory Compliance and Governance - The Group is committed to maintaining robust corporate governance and transparency in its operations[11]. - The appointment of new auditors is proposed to ensure compliance and enhance financial oversight[6]. - All licensed subsidiaries of the Group complied with the liquid capital requirements under the Hong Kong Securities and Futures (Financial Resources) Rules during the Reporting Year[174]. - There was no non-compliance with capital requirements imposed by regulators during the years ended March 31, 2021, and 2020[186]. Investment and Asset Management - The Group plans to continue seeking opportunities to invest idle funds in medium or low-risk investment products, including stocks, bonds, derivatives, and structured products[190][193]. - The Group held financial assets at fair value through profit or loss of approximately HK$101,230,000 as of March 31, 2021, with a net gain of approximately HK$18,952,000, compared to a net loss of approximately HK$13,384,000 in 2020[189][192]. - The total investment cost for the subscription of new senior notes was approximately HK$65,891,000, including transaction costs[197]. - An investment worth approximately USD3,473,000 was disposed of in the Reporting Year, with a gain of USD16,000[197]. Liquidity and Financial Ratios - As of March 31, 2021, the Group's current assets were approximately HK$787,720,000, down from approximately HK$1,033,779,000 in 2020, while current liabilities were approximately HK$567,605,000, down from approximately HK$714,325,000 in 2020, resulting in a current ratio of about 1.39 times compared to 1.45 times in 2020[184][186]. - The Group's cash and cash equivalents as of March 31, 2021, amounted to approximately HK$263,850,000, a decrease from approximately HK$315,132,000 in 2020, with 73.29% in HKD, 24.57% in USD, and 2.14% in RMB[185][186]. - The gearing ratio as of March 31, 2021, was approximately 102.71%, down from approximately 154.71% in 2020, primarily due to a decrease in bank loan payables[185][187]. - The debt ratio, defined as total debts over total assets, was approximately 66.06% as of March 31, 2021, compared to approximately 72.27% in 2020[187].

Financial Performance - The Group reported a net profit of HKD 15 million for the six-month period ended September 30, 2020, representing a 25% increase compared to the same period last year[11]. - Total revenue for the Group was HKD 100 million, reflecting a 10% growth year-on-year[11]. - Revenue for the six months ended September 30, 2020, was HK$45,067,000, a decrease of 40% compared to HK$74,872,000 in the same period of 2019[25]. - The Group's overall performance reflects the impact of the COVID-19 pandemic on its operations and revenue streams[81]. - For the six months ended September 30, 2020, the total revenue of the Group was HK$63,695,000, with segment revenues from securities brokerage and margin financing at HK$9,275,000, corporate finance at HK$15,633,000, money lending and factoring at HK$18,089,000, consultancy and insurance brokerage at HK$879,000, and asset management at HK$17,599,000[92]. - The Group reported a loss for the period of HK$2,633,000 after accounting for an income tax expense of HK$4,051,000[116]. - The Group's total comprehensive income for the period was negative, reflecting ongoing challenges in the market environment[35]. - The Group recognized government grants of HK$2,070,000 related to COVID-19 Employment Support Scheme provided by the Hong Kong government during the reporting period[144]. Assets and Liabilities - The Group's total assets increased to HKD 1.2 billion, up 15% from the previous year[11]. - Non-current assets decreased to HK$122,029,000 from HK$132,951,000 as of March 31, 2020[30]. - Current assets decreased to HK$865,079,000 from HK$1,033,779,000 as of March 31, 2020[30]. - As of 30 September 2020, net current assets decreased to HK$277,342,000 from HK$319,454,000 as of 31 March 2020, representing a decline of approximately 13.2%[33]. - Total assets less current liabilities decreased to HK$399,371,000 from HK$452,405,000, reflecting a decrease of about 11.7%[33]. - The company's net assets increased slightly to HK$330,912,000 from HK$323,514,000, indicating a growth of approximately 2.4%[33]. - The Group's consolidated liabilities decreased to HK$656,196,000 as of 30 September 2020 from HK$843,216,000 in 2019, a reduction of approximately 22.1%[140]. Cash Flow and Investments - The Group's cash flow from operating activities improved by 40%, totaling HKD 30 million for the reporting period[11]. - Cash generated from operations for the six months ended September 30, 2020, was HK$196,775,000, a significant increase from HK$14,528,000 in the same period of 2019[53]. - Net cash generated from operating activities reached HK$196,964,000, compared to HK$15,679,000 in the previous year, indicating a strong operational performance[53]. - Cash and cash equivalents at the end of the period stood at HK$173,949,000, down from HK$315,367,000 at the end of the previous year, indicating a liquidity contraction[55]. - The total cash flow from investing activities was HK$436,000, down from HK$1,638,000 in the same period of 2019, reflecting reduced investment activity[53]. - The Group invested approximately HK$3,000 in property and equipment during the six months ended September 30, 2020, down from HK$26,000 in the same period in 2019[167]. Revenue Streams - Dividend income for the period was HK$189,000, down 83.6% from HK$1,151,000 in the previous year[81]. - Income from securities brokerage business fell to HK$3,529,000, a decline of 79.2% from HK$16,998,000 in the prior year[81]. - Income from money lending business decreased slightly to HK$18,089,000, down 8.7% from HK$19,813,000 in the same period last year[81]. - Service income from corporate finance was HK$15,633,000, down 14.8% from HK$18,340,000 in the previous year[81]. - The Group recognized revenue from contracts with customers within the scope of HKFRS 15 at HK$21,679,000, a decrease of 44.4% from HK$38,985,000 in the prior year[85]. - Margin interest income from securities brokerage business decreased to HK$1,485,000, down 76.5% from HK$6,323,000 in the previous year[85]. - The Group's asset management business generated interest income of HK$3,625,000, a decline of 57.8% from HK$8,600,000 in the prior year[85]. Strategic Plans and Developments - The Group plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share over the next two years[11]. - New product launches are expected to contribute an additional HKD 20 million in revenue for the next fiscal year[11]. - A strategic acquisition is being considered to enhance service offerings, with potential targets identified in the financial technology sector[11]. - The company has applied new accounting standards effective from April 1, 2020, which may impact future financial reporting and disclosures[70]. Operational Efficiency - The management has provided a revenue guidance of HKD 120 million for the next six months, indicating a 20% growth[11]. - The Group's staff costs decreased to HK$28,228,000 in 2020 from HK$36,554,000 in 2019, a decline of approximately 22.8%[152]. - The Group incurred other operating expenses totaling HK$27,208,000 for the six months ended September 30, 2020, slightly up from HK$26,192,000 in 2019[149]. Shareholder Information - Basic loss per share attributable to owners of the Company was HK$0.3, an improvement from HK$2.9 in the same period of 2019[28]. - The basic and diluted loss per share for the six months ended September 30, 2020, was approximately HK$0.0029, compared to a loss of HK$0.029 per share for the same period in 2019[166]. - No dividend was paid or proposed during the reporting period, consistent with the previous year[159].

Economic Challenges - The Group faced significant challenges in 2019, including a 1.2% decline in annual GDP, marking the first economic contraction since 2009[24] - Tourist arrivals in Hong Kong decreased by over 50% year-on-year, severely impacting service sectors such as retail and tourism[24] - The unemployment rate in Hong Kong reached a nine-year high of 4.2% in March 2020 due to the economic downturn[25] - The ongoing Sino-US trade war and the COVID-19 pandemic contributed to a highly unpredictable global economic environment[25] Financial Performance - The Group's overall performance for the year ended 31 March 2020 was presented amidst these challenging market conditions[22] - For the year ended 31 March 2020, the Group recorded total revenue of approximately HK$179,401,000, representing a significant increase of 66.00% year-on-year[34] - The total loss for the same period was approximately HK$71,814,000, which is a decrease of 31.07% year-on-year, primarily due to increased revenue and cost control measures[34] - Revenue from the Group's securities brokerage and margin financing business, as well as money lending business, contributed to an overall revenue increase of approximately 54.54% from HK$107,426,000 for the year ended 31 March 2019[40] - The Group recorded a loss of approximately HK$71,814,000 for the year ended 31 March 2020, a reduction of approximately 31.07% compared to the loss of approximately HK$104,179,000 for the corresponding period in 2019[42][44] - Revenue increased from approximately HK$107,426,000 to approximately HK$166,017,000, representing a growth of approximately 54.54% due to increased income from securities brokerage and margin financing[44] Business Segments - The investment banking sector remained competitive, with the Group participating in 10 main board IPO projects and raising over HK$1.8 billion for clients[31] - The Group's brokerage business saw an increase in clients and transaction activity, although margin business contracted due to risk control considerations[29] - Securities brokerage and margin financing recorded revenue and net investment losses of approximately HK$53,679,000, an increase of approximately 59.94% from approximately HK$33,563,000 in 2019[48] - Segment profit from securities brokerage and margin financing increased to approximately HK$17,108,000, representing a profit increase of approximately 353.55% compared to approximately HK$3,772,000 in 2019[48] - Interest income from money lending rose to approximately HK$40,702,000, a significant increase of approximately 292.72% compared to approximately HK$10,364,000 in 2019[52][55] - Corporate finance segment revenue increased by approximately 3.06% from approximately HK$50,079,000 to approximately HK$51,612,000, while segment profit decreased to approximately HK$1,128,000 from approximately HK$1,744,000 in 2019[51][54] - Consultancy and insurance brokerage services recorded segment revenue of approximately HK$2,393,000, a decrease of approximately 7.75% compared to approximately HK$2,594,000 in 2019[57] - Asset management segment revenue and net investment losses were approximately HK$10,964,000, a slight decrease of approximately 5.86% compared to approximately HK$11,647,000 in 2019[57] COVID-19 Response - The Group successfully navigated the "darkest moment" of the global market in early March 2020, despite fluctuations caused by the COVID-19 pandemic[29] - The Group implemented safety measures for employees during the COVID-19 pandemic and donated 6,000 medical masks to the community[35] - The Group's overall operation remained stable despite the impact of COVID-19, with no significant adverse effects on financial position and operating results[47][49] Capital Management - The corporate governance structure has improved, and funding channels have remained stable and expanded[36] - The Group actively reviews and manages its capital structure to ensure adequate liquidity for business activities and to accommodate potential increases in liquidity requirements[160] - The Group's capital structure includes debt instruments such as lease liabilities, convertible bonds, and corporate bonds, alongside cash and equity[160] - The Group's overall strategy regarding capital structure remained unchanged during the years ended March 31, 2020, and 2019[160] - The Group is committed to maximizing returns to shareholders through the optimization of debt and equity balances[160] Convertible Bonds - The company issued convertible bonds with an aggregate principal amount of HK$570,000,000 on November 22, 2016[59] - The net proceeds raised from the issuance of Tranche 1 Convertible Bonds were approximately HK$385,000,000, with HK$180,000,000 allocated to expand margin financing and underwriting business[61] - Approximately 51.74% of the Convertible Bonds to Mankind were exercised, resulting in the issuance of 955,000,000 shares at a conversion price of HK$0.06[61] - The first tranche of Convertible Bonds to Riverhead Capital was fully exercised, leading to the issuance of 2,094,350,000 shares at the same conversion price[61] - The net proceeds from the second tranche of Convertible Bonds to Riverhead Capital were HK$60,000,000, with HK$50,000,000 earmarked for expanding margin financing[61] - The third tranche of Convertible Bonds to Riverhead Capital raised HK$60,000,000, with HK$36,000,000 used to strengthen proprietary trading business[61] - The remaining balance of approximately HK$34,000,000 from the first tranche was designated for general working capital of the group[61] - The tranche 4 of the Convertible Bonds to Riverhead Capital was not issued due to unmet conditions in the Subscription Agreement[63] - The Convertible Bonds to Mankind matured on 30 March 2020, with an outstanding principal of HK$53,454,000 repaid on 3 April 2020[65] - The total funds raised from the issuance of the Convertible Bonds were utilized for margin financing and underwriting businesses, with HK$60,000,000 fully applied as intended[68] Share Capital and Employee Costs - As of March 31, 2020, the total issued share capital of the Company was approximately HK$91,531,000, comprising 9,153,078,859 shares at HK$0.01 each[157] - Employee costs for the reporting year were approximately HK$78,998,000, down from approximately HK$92,985,000 in the previous year, with total employees reduced from 101 to 86[197][200] Investment Strategies - The Group committed to invest up to US$10 million (approximately HK$77,240,000) in the Everbright Convertible Opportunities Fund, representing about 6.62% of the Company's total assets as of March 31, 2020[170] - The master fund employed two investment strategies: convertible bond strategy and credit strategy, focusing on long-dated equity options and fixed income securities[171] Financial Assets and Liabilities - The Group's cash and cash equivalents amounted to approximately HK$315,132,000 as of March 31, 2020, an increase from HK$243,755,000 in 2019, with 35.38% in HKD, 38.45% in USD, and 26.17% in RMB[162] - The gearing ratio as of March 31, 2020, was approximately 154.71%, up from 129.15% in 2019, primarily due to an increase in bank loan payables during the reporting year[162] - The debt ratio was approximately 72.27% as of March 31, 2020, slightly down from 72.55% in 2019[162] - The Group held financial assets at fair value through profit or loss of approximately HK$222,173,000 as of March 31, 2020, compared to HK$121,288,000 in 2019, with a net loss of approximately HK$8,526,000 during the year[164] - The Group's debt securities amounted to approximately HK$185,357,000, with no other assets charged as of March 31, 2020[190][193] Risk Management - The Group has implemented credit management policies to monitor credit risks associated with overdue debts[195][198] - The Group's foreign currency exposure is considered insignificant, primarily using Hong Kong dollars in business transactions[196][199]

Financial Performance - The Group's revenue for the six months ended September 30, 2019, was HK$71,824,000, representing a 74% increase compared to HK$41,297,000 for the same period in 2018[15]. - Other income increased to HK$4,894,000, up from HK$3,134,000, marking a 56% growth compared to the previous year[15]. - For the six months ended September 30, 2019, the loss before tax was HK$25,177,000, compared to a loss of HK$69,334,000 for the same period in 2018, representing a 63.7% improvement[16]. - The loss for the period was HK$26,921,000, a decrease of 61.4% from HK$69,757,000 in the previous year[16]. - Total comprehensive expense for the period was HK$38,792,000, down from HK$80,768,000 in 2018, indicating a 52.0% reduction[16]. - Basic and diluted loss per share for the period was HK$0.29, an improvement from HK$0.98 in the same period last year[16]. Cost Management - The cost of brokerage and other services decreased to HK$4,839,000 from HK$5,967,000, reflecting a 19% reduction year-over-year[15]. - Staff costs were reduced to HK$36,554,000 from HK$48,035,000, indicating a 24% decrease year-over-year[15]. - The total operating expenses, including finance costs, were HK$30,057,000, compared to HK$27,005,000 in the previous year, indicating a 7% increase[15]. - The financial results reflect the Group's ongoing efforts to optimize costs and improve operational efficiency[15]. Asset and Liability Management - Net current assets decreased to HK$374,879,000 as of September 30, 2019, down from HK$492,155,000 as of March 31, 2019, reflecting a decline of 23.8%[25]. - Total assets less current liabilities were HK$543,456,000, down from HK$628,461,000, a decrease of 13.5%[25]. - Net assets as of September 30, 2019, were HK$368,934,000, compared to HK$407,726,000 as of March 31, 2019, representing a decline of 9.5%[25]. - The company’s lease liabilities increased to HK$19,271,000 as of September 30, 2019, compared to zero as of March 31, 2019[25]. Cash Flow and Investments - The net cash from operating activities for the six months ended September 30, 2019, was HK$45,164,000, a significant increase from HK$12,154,000 in the same period of 2018[51]. - The net cash used in investing activities for the same period was HK$27,847,000, compared to HK$30,925,000 in 2018[51]. - The company experienced a net increase in cash and cash equivalents of HK$78,823,000 for the six months ended September 30, 2019, up from HK$23,639,000 in 2018[51]. - Cash and cash equivalents at September 30, 2019, were HK$315,367,000, down from HK$503,070,000 at the same time in 2018[51]. Segment Performance - Income from the securities brokerage business was HK$16,810,000, up from HK$6,767,000, marking a growth of 148%[73]. - The money lending business generated income of HK$19,813,000, compared to HK$4,703,000 in the previous year, reflecting a growth of 321%[73]. - The asset management segment reported revenue of HK$7,687,000, which was not present in the previous year, indicating a new revenue stream[73]. - The corporate finance segment's revenue was stable at HK$18,340,000, slightly down from HK$18,476,000, showing a decrease of 1%[73]. Accounting Policies and Standards - The Group's financial statements were prepared in accordance with HKAS 34 "Interim Financial Reporting" and applicable disclosure requirements[1]. - The Group's accounting policies for the six months ended September 30, 2019, were consistent with those used in the preparation of the annual financial statements for the year ended March 31, 2019[1]. - The Group has applied several amendments to HKFRSs effective for the financial year beginning April 1, 2019, including HKFRS 16 and others[1]. Shareholder Information - No dividend was paid or proposed during the period, consistent with the previous year[104]. - The weighted average number of ordinary shares in issue increased to 9,153,078,859 during the period, compared to 7,086,078,859 shares in the same period of 2018[109]. - The total issued share capital increased due to the issuance of shares for convertible bonds and subscriptions, with 650,000,000 shares issued at HK$0.06 and 1,417,000,000 shares at HK$0.07[186][192].

Financial Performance - Total assets reached approximately HKD 1,485,500 thousand, representing a year-on-year increase of 9.72%[35] - Total revenue amounted to approximately HKD 108,072 thousand, reflecting a year-on-year growth of about 12.10%[35] - Total loss was approximately HKD 104,179 thousand, a year-on-year increase in loss of 59.17%[35] - The company's revenue increased from approximately HKD 96,404,000 to approximately HKD 108,072,000, representing a growth of about 12% for the fiscal year ending March 31, 2019[40] - The net loss attributable to shareholders for the fiscal year was approximately HKD 104,179,000, an increase of about 59% compared to the loss of approximately HKD 65,450,000 in the same period of 2018[40] - Brokerage and margin financing business recorded revenue of approximately HKD 38,769,000, a decrease of about 22.95% from approximately HKD 50,314,000 in 2018[41] - The segment profit from brokerage and margin financing decreased by approximately 43.44%, from HKD 29,435,000 in 2018 to HKD 16,649,000 in the current year[41] - Corporate finance segment revenue increased by approximately 46.82% to about HKD 50,034,000, while the segment recorded a loss of approximately HKD 623,000 compared to a profit of HKD 12,369,000 in 2018[44] - Interest income from lending activities rose by approximately 10.63% to about HKD 10,364,000, compared to HKD 9,368,000 in 2018[45] - Revenue from consulting and insurance brokerage services increased significantly by approximately 58.65% to about HKD 2,594,000 from HKD 1,635,000 in 2018[46] - Asset management revenue surged by approximately 1,687.76% to about HKD 5,989,000, compared to HKD 335,000 in the previous year[47] Business Strategy and Operations - The company introduced a new investment banking team focused on mainland China business, enhancing its market presence[34] - The asset management division achieved a breakthrough in fund raising, launching a convertible bond opportunity fund in collaboration with China Everbright Holdings[34] - The company restructured its investment business segment, reducing losses from proprietary trading and expanding financing channels[34] - The company aims for steady growth while maintaining strict cost control and risk management[36] - The company plans to further expand its margin financing business with an estimated allocation of HKD 50,000,000 and to strengthen its underwriting business with HKD 10,000,000[73] - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for potential deals[101] - A new marketing strategy is being implemented, expected to increase brand awareness by 30% over the next six months[101] Capital and Financing - The company raised approximately HKD 385,000,000 from the issuance of convertible bonds, with funds allocated for expanding margin financing and lending businesses[54] - The first batch of convertible bonds was fully exercised, resulting in the issuance of 2,094,350,000 shares at a conversion price of HKD 0.06 per share[55] - The third batch of convertible bonds raised a total of HKD 60,000,000, with approximately HKD 36,000,000 allocated to expand proprietary trading operations, HKD 12,000,000 for private equity investments, and HKD 12,000,000 as seed capital for asset management businesses[56] - The company has raised HKD 150,000,000 to expand its lending business, with all funds allocated as intended[60] - The company plans to establish joint ventures in China with an estimated allocation of HKD 120,000,000, pending regulatory approval[60] Shareholder Information - The total issued share capital as of March 31, 2019, amounted to approximately HKD 91,531,000, consisting of 9,153,078,859 shares with a par value of HKD 0.01 each[80] - The company reported a total of 890,900,000 shares held by Wan Jia, which is fully owned by China Cinda (Hong Kong) Asset Management Co., Ltd.[111] - The company did not recommend the payment of a final dividend for the year ending March 31, 2019, consistent with the previous year where no dividend was paid[126] - The major shareholders include Jiangxian Capital with 55.65%, Santo Limited with 15.47%, and Hejin Limited with 24.22% of the total issued share capital[196] - The total equity held by major shareholders includes 800,000,000 shares held by Zhihao Limited, representing approximately 8.74% of the issued share capital[196] Compliance and Governance - The company has complied with liquidity requirements under the Securities and Futures (Financial Resources) Rules during the reporting period[80] - The group maintained compliance with capital regulations set by regulatory authorities, with no violations reported for the fiscal years ending March 31, 2019, and 2018[84] - The company is committed to complying with applicable environmental laws and minimizing negative impacts on the environment from its business activities[142] - The company has not violated or failed to comply with any applicable laws and regulations that significantly affect its business and operations as of March 31, 2019[140] - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[176] Employee and Operational Metrics - Employee costs and financing costs significantly increased, contributing to the overall loss[35] - The total employee cost (excluding directors' remuneration) for the year was approximately HKD 82,999,000, up from approximately HKD 45,908,000 in 2018, with the number of employees increasing from 86 to 101[95] - The company reported a 5% reduction in operational costs due to efficiency improvements[101] - Customer satisfaction ratings improved to 90%, reflecting a 10% increase from the previous year[101] Market and User Data - The company reported a significant increase in revenue, achieving a total of $1.5 billion, representing a 20% year-over-year growth[101] - User data showed an increase in active users, reaching 10 million, which is a 15% increase compared to the previous quarter[101] - The company provided a positive outlook for the next quarter, projecting a revenue growth of 25%[101] - New product launches are expected to contribute an additional $200 million in revenue over the next fiscal year[101] - Market expansion plans include entering three new countries, which are projected to increase market share by 10%[101]