Revenue Performance - The Group's revenue for the first half of the financial year significantly decreased compared to the same period last year due to challenges in the real estate sector and trading business [12]. - Revenue from real estate-related services dropped considerably, reflecting the ongoing difficulties in the mainland China's real estate market [12]. - The company's turnover for the six months ended September 30, 2023, was HK$283,956,000, a significant increase from HK$106,686,000 in the same period of 2022, representing a growth of 166% [20]. - Revenue from construction contracting services increased to HK$110,974,000, up from HK$68,173,000, marking a growth of 63% [20]. - Data analytical service income rose to HK$14,831,000, compared to HK$9,610,000, reflecting a growth of 54% [20]. - For the six months ended September 30, 2023, the Group's revenue from contracts with customers was HK$100,695,000, a decrease of 63.6% compared to HK$276,903,000 for the same period in 2022 [69]. - The Group's total turnover for the period was HK$106,686,000, down 62.4% from HK$283,956,000 in the previous year [68]. - Revenue from data analytical services was HK$9,610,000, a decline of 35.3% from HK$14,831,000 in the same period last year [68]. - Construction contracting services fee income was HK$68,173,000, a decrease of 38.5% compared to HK$110,974,000 in the previous year [68]. - The Group's heating supply and industrial steam income was HK$11,862,000, down 8.6% from HK$12,981,000 in the prior year [68]. Financial Performance - The Group's loss for the period did not increase significantly compared to the corresponding period last year, thanks to cost control measures [12]. - Loss for the period attributable to owners of the company was HK$40,845,000, compared to HK$37,303,000 in the previous year, showing an increase in loss of 7% [24]. - The company reported a loss before tax of HK$39,491,000, compared to a loss of HK$35,410,000 in the previous year, indicating a worsening of 11% [23]. - Total comprehensive expense for the period attributable to owners was HK$61,295,000, down from HK$93,807,000, a decrease of 35% [24]. - The basic and diluted loss per share was HK$2.39, compared to HK$2.21 in the previous year, indicating a decline of 8% [24]. - The Group's loss for the period was reported after finance costs totaling HK$15,492,000, down from HK$20,753,000 in the previous year, reflecting a reduction of about 25% [132]. - The loss before tax for the six months ended September 30, 2023, was HK$39,491,000, compared to a loss of HK$35,410,000 for the same period in 2022, reflecting an increase in losses [114]. Cost Management - Strategies to strengthen the customer base, diversify product and service offerings, and intensify cost control will be continuously implemented [13]. - Administrative and other expenses decreased to HK$22,888,000 from HK$27,108,000, a reduction of 15% [23]. - Staff costs were reduced to HK$28,014,000 from HK$39,004,000, reflecting a decrease of 28% [23]. Capital and Financing - A rights issue was completed during the period to enhance capital and support future business development [12]. - The company issued rights shares amounting to HK$90,594,000 during the reporting period, enhancing its capital base [33]. - The net proceeds from the rights issue amounted to HK$88,776,000, with no proceeds reported in the same period of 2022 [40]. - The company completed a rights issue of two shares for every five existing shares at a subscription price of HK$0.16 per share, enhancing its capital structure [137]. Market Outlook - The Group anticipates continued negative and uncertain market factors in the second half of the year, maintaining a cautious management approach [13]. - The overall economic development in mainland China and Hong Kong remains affected by various factors, with a modest rebound not meeting expectations [12]. Asset Management - As of September 30, 2023, total assets amounted to HK$1,856,298, a decrease from HK$1,894,159 as of March 31, 2023 [27]. - Current liabilities decreased to HK$933,417 from HK$1,003,421, reflecting a reduction of approximately 6.9% [29]. - Net current assets increased significantly to HK$265,779, up from HK$138,179, indicating a growth of approximately 92.5% [29]. - Total equity rose to HK$915,878, compared to HK$890,395, marking an increase of about 2.9% [29]. - Share capital increased to HK$209,150 from HK$152,529, representing a growth of approximately 37.0% [29]. - The company reported a significant increase in right-of-use assets to HK$10,668 from HK$3,716, a rise of approximately 187.5% [27]. - Investment properties decreased to HK$114,039 from HK$121,433, a decline of about 6.1% [27]. Cash Flow - For the six months ended September 30, 2023, net cash generated from operating activities was HK$2,066,000, a significant improvement from a net cash used of HK$38,501,000 in the same period of 2022 [38]. - Cash flows from investing activities resulted in a net cash outflow of HK$16,923,000, compared to a net cash inflow of HK$6,060,000 in the prior year [40]. - The company reported net cash generated from financing activities of HK$83,692,000, an increase from HK$60,293,000 in the previous year [40]. - The total cash and cash equivalents at the end of the period were HK$104,089,000, up from HK$65,703,000 at the end of the same period last year [40]. Segment Performance - The Group's reportable segments include trading of goods, finance leasing, money lending, and various service segments such as project management and technical support [108]. - The construction contracting segment recognizes revenue using the percentage of completion method, based on incurred costs relative to estimated total costs [91]. - The Group's project management services recognize revenue when services are rendered, with reliable estimates of income expected to be received [95]. - The Group's rental income was HK$3,174,000, a slight decrease from HK$3,368,000 in the previous year [68]. - The company is focusing on segment performance evaluation and resource allocation as part of its ongoing operational strategy [113]. Impairment and Goodwill - The impairment provision for goodwill increased to HK$78,801,000 as of September 30, 2023, compared to HK$66,604,000 as of April 1, 2022, indicating an increase of approximately 18.2% [158]. - The carrying value of goodwill after impairment is HK$251,194,000, down from HK$255,626,000 as of March 31, 2023, representing a decrease of approximately 1.7% [158]. Loans and Receivables - As of September 30, 2023, total loans receivables amounted to HK$409,706,000, a decrease of 2.0% from HK$418,404,000 as of March 31, 2023 [192]. - The allowance for impairment of loan and interest receivables remained unchanged at HK$126,069,000 as of both September 30, 2023, and March 31, 2023 [194]. - The total outstanding loans consisted of 15 loans, with 7 to individuals and 8 to corporations, maintaining the same number as of March 31, 2023 [196].

╱ 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確 性或完整性亦不發表任何聲明，亦明確表示概不就因本公佈全部或任何部份內容而產生或因 倚賴該等內容而引致之任何損失承擔任何責任。 CHINA BEST GROUP HOLDING LIMITED * 國 華 集 團 控 股 有 限 公司 （於百慕達註冊成立之有限公司） 370 （股份代號： ） 截至二零二三年九月三十日止六個月中期業績公佈 國華集團控股有限公司（「本公司」）董事局（「董事局」）謹此公佈本公司及其附屬公司（「本集 團」）截至二零二三年九月三十日止六個月之未經審核簡明綜合業績，連同截至二零二二年九 月三十日止六個月之比較數字。 簡明綜合損益及其他全面收益表 截至二零二三年九月三十日止六個月 截至九月三十日止六個月 二零二三年 二零二二年 附註 千港元 千港元 （未經審核） （未經審核） 3 106,686 283,956 營業額 ...

Audit and Governance - The Audit Committee reviewed the annual financial results for the year ended March 31, 2023[21]. - The Audit Committee held two meetings during the year to review financial results and compliance procedures[31]. - The Audit Committee includes members with appropriate professional qualifications and expertise in financial management[6]. - The Company ensures that the roles of chairman and chief executive are separate to maintain governance standards[1]. - The Nomination Committee held one meeting during the year to assess the Board's structure and diversity[18]. - The Nomination Committee is responsible for identifying suitable candidates for directors and senior management[23]. - The Company emphasizes the importance of Board diversity for enhancing performance and has adopted a Board diversity policy[26]. - The Company has a director nomination policy to ensure a balanced mix of skills and experience on the Board[34]. - The Company has made recommendations for the appointment and reappointment of directors based on merit and contribution[33]. Financial Performance - The Group recorded a significant loss for the year attributable to shareholders due to challenges in collecting receivables from clients who faced bankruptcy or deregistration[62]. - The turnover for the fiscal year ending March 31, 2023, was impacted by severe economic conditions, particularly before the gradual reopening of borders between China and Hong Kong[62]. - The financial results highlight a net loss before tax and non-controlling interests, reflecting the challenging business landscape[68]. - For the year ended 31 March 2023, the Group's turnover was approximately HK$504.7 million, representing a decrease of 41.2% compared to HK$858.5 million last year[71]. - The net loss attributable to owners of the Company for the year ended 31 March 2023 was approximately HK$333.8 million, a significant increase from HK$6.3 million last year[71]. - The impairment loss on trade and other receivables amounted to approximately HK$198.9 million, while impairment losses on loans and interest receivables and contract assets were approximately HK$59.6 million and HK$9.3 million, respectively[71]. Economic Outlook and Strategy - The Group is cautiously optimistic about economic recovery in China and Hong Kong, while also acknowledging uncertainties in the global macro environment, including military conflicts and inflationary pressures[61]. - Real estate-related services, a core business of the Group, are expected to grow steadily as China's real estate policies tend to relax demand restrictions[61]. - The Group aims to strengthen its customer base and diversify its product and service offerings as part of its main operating strategy[61]. - The Group is assessing the development direction of its financial businesses to balance risks effectively[61]. - The management is focused on stabilizing existing businesses while seeking new structural adjustments and development opportunities[61]. - The Group aims to control operational risks while exploring new opportunities to contribute to long-term business development and shareholder benefits[76]. Business Segment Performance - The turnover of the Group's finance leasing business was approximately HK$0.5 million for the year ended 31 March 2023, down from approximately HK$2.3 million in 2022[82]. - The turnover of the Group's money lending business decreased to approximately HK$7.9 million in 2023 from approximately HK$23.8 million in 2022, with an impairment loss on loans and interest receivables of approximately HK$59.6 million recorded[86]. - The securities and futures brokerage business generated a turnover of approximately HK$0.3 million in 2023, slightly down from approximately HK$0.4 million in 2022, with an impairment loss on goodwill of approximately HK$12.2 million recognized[87]. - The Group incurred a corresponding segment loss of approximately HK$55.4 million in the money lending business for the year ended 31 March 2023, compared to a loss of approximately HK$3.8 million in 2022[86]. - The Group's trading business turnover decreased to approximately HK$111.5 million for the year ended 31 March 2023, down 67.7% from approximately HK$345.6 million in 2022, with a gross profit of approximately HK$1.6 million compared to HK$5.1 million in 2022[92]. - The freight forwarding business turnover increased to approximately HK$1.8 million for the year ended 31 March 2023, up 50% from approximately HK$1.2 million in 2022, with a gross profit of approximately HK$0.6 million[95]. - The Group's property brokerage business generated turnover of approximately HK$0.8 million for the year ended 31 March 2023, compared to nil in 2022, with a gross loss of approximately HK$0.2 million[112]. - The turnover of the Group's customised technical support business increased to approximately HK$34.6 million for the year ended 31 March 2023, up 66.3% from approximately HK$20.8 million in 2022, with a segment profit of approximately HK$13.3 million[117]. Asset and Capital Management - The Group's total assets decreased to approximately HK$1,894.2 million as of 31 March 2023, down from HK$2,340.9 million in 2022[97]. - The Group's net current assets decreased to approximately HK$138.2 million as of 31 March 2023, down from HK$448.4 million in 2022[97]. - The Group's investment properties had a fair value of approximately HK$121.4 million as of 31 March 2023, down from approximately HK$129.0 million in 2022[111]. - The Group's bank balances and cash as of 31 March 2023 were approximately HK$50.1 million, an increase from approximately HK$46.0 million in 2022, with a current ratio of 1.14 compared to 1.42 in the previous year[163]. - The gearing ratio as of 31 March 2023 was approximately 0.23, slightly up from approximately 0.20 in 2022, with total borrowings and advance payments amounting to approximately HK$431.4 million compared to approximately HK$473.5 million in 2022[164]. - The Group incurred approximately HK$45.1 million in capital expenditure during the year ended 31 March 2023, significantly higher than approximately HK$13.9 million in 2022, primarily for plant and equipment in the PRC[167]. Future Plans and Opportunities - The Group plans to enter the new retail market by leveraging advanced technologies such as big data and artificial intelligence[76]. - The Group plans to expand its business into the new retail field, leveraging its experience in big data and digital-related businesses developed over the past few years[159]. - The Group aims to actively explore opportunities in international trade of commodities and frozen foods, as well as potential collaborations in the logistics sector[160]. - The Group is assessing its existing principal businesses and exploring opportunities in international trade and commodities[144]. - The Group intends to suspend its securities investment business due to the current macro environment and will carefully consider future investment opportunities[144]. - The Group plans to explore new structural adjustments and development opportunities to enhance profitability and sustainable operations, particularly in the geothermal energy sector by expanding to other regions in China[144]. Miscellaneous - There were no material acquisitions or disposals for the year ended March 31, 2023[173]. - Approximately HK$11 million from the rights issue completed on July 14, 2021, remained unused and is intended for settling unpaid investment sums to Tiandi Youdamei[174]. - The Group did not conduct any fundraising activities related to the issuance of equity securities during the year ended March 31, 2023[189]. - The Group is negotiating with the other shareholder of Tiandi Youdamei for a possible disposal of its shareholding due to lower than expected synergy effects from the investment[190].

╱ 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確 性或完整性亦不發表任何聲明，亦明確表示概不就因本公佈全部或任何部份內容而產生或因 倚賴該等內容而引致之任何損失承擔任何責任。 CHINA BEST GROUP HOLDING LIMITED * 國 華 集 團 控 股 有 限 公司 （於百慕達註冊成立之有限公司） 370 （股份代號： ） 截至二零二三年三月三十一日止年度 業績公佈 國華集團控股有限公司（「本公司」）董事（「董事」）局（「董事局」）謹此公佈本公司及其附屬公司 （「本集團」）截至二零二三年三月三十一日止年度之經審核綜合業績，連同截至二零二二年三 月三十一日止年度之比較數字如下： 綜合損益及其他全面收益表 截至二零二三年三月三十一日止年度 二零二三年 二零二二年 附註 千港元 千港元 3 504,665 858,457 營業額 4 ...

(·HINA BEST 國華集團 CHINA BEST GROUP HOLDING LIMITED 國 華 集 團 控 股 有 限 公 司* (Incorporated in Bermuda with limited liability 於百慕娃註冊成立之有限公司) (Stock Code 股份代號：370) Interim Report 中期報告 * 僅供歲別 Contents 目錄 Contents 目錄 Corporate Information 2 公司資料 Chairman's Message 4 主席訊息 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 5 簡明綜合損益及其他全面收益表 Condensed Consolidated Statement of Financial Position 8 簡明綜合財務狀況表 Condensed Consolidated Statement of Changes in Equity 10 簡明綜合權益變動表 Condensed Consoli ...

(·HÍNA BEST 國華集團 CHINA BEST GROUP HOLDING LIMITED 國 華 集 團 控 股 有 限 公 司* (Incorporated in Bermuda with limited liability 於百慕娃註冊成立之有限公司) (Stock Code 股份代號：370) ANNUAL REPORT 2021/2 * 僅供識別 Contents 目錄 Contents | --- | --- | --- | |---------------------------------------------------------|--------------------------|-------| | | | 目錄 | | Corporate Information | 公司資料 | 2 | | Chairman's Message | 主席訊息 | 4 | | Management Discussion and Analysis | 管理層討論及分析 | 6 | | Corporate Governance Report | 企業管治報告 | 19 | | Environm ...

(·HÍNA BEST 國華集團 CHINA BEST GROUP HOLDING LIMITED 國 華 集 團 控 股 有 限 公 司* (Incorporated in Bermuda with limited liability 於百慕娃註冊成立之有限公司) (Stock Code 股份代號：370) Interim Report 中期報告 2021 * 僅供歲別 Contents 目錄 Contents 目錄 Corporate Information 2 公司資料 Chairman's Message 4 主席訊息 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 5 簡明綜合損益及其他全面收益表 Condensed Consolidated Statement of Financial Position 8 簡明綜合財務狀況表 Condensed Consolidated Statement of Changes in Equity 10 簡明綜合權益變動表 Condensed Co ...

←HÍÑA BEST 國華集團 CHINA BEST GROUP HOLDING LIMITED 國 華 集 團 控 股 有 限 公 司* (Incorporated in Bermuda with limited liability 於百慕娃註冊成立之有限公司) (Stock Code 股份代號：370) Annual Report 2020/21 # * 僅供歲別 Contents 目錄 國華集團控股有限公司 2020/21年報 | --- | --- | --- | |--------------------------------------------------------------------------|--------------------------|---------------| | | | Contents 目錄 | | Corporate Information | 公司資料 | 2 | | Chairman's Message | 主席訊息 | 4 | | Management Discussion and Analysis | 管理層討論及分析 | 6 | | Corpor ...

(·HÍNA BEST 國華集團 CHINA BEST GROUP HOLDING LIMITED 國 華 集 團 控 股 有 限 公 司* (Incorporated in Bermuda with limited liability 於百慕逵註冊成立之右限公司) (Stock Code 股份代號：370) Annual Report 2019年韩 * 懂供識別 Contents 目錄 國華集團控股有限公司 2019年報 | --- | --- | --- | |------------------------------------------------|--------------------------|----------| | | | Contents | | | | 目錄 | | | | | | Corporate Information | 公司資料 | 2 | | Chairman's Message | 主席訊息 | 4 | | Management Discussion and Analysis | 管理層討論及分析 | 6 | | Corporate Governance Repor ...

CHINA BEST (Incorporated in Bermuda with limited liability 於百慕達註冊成立之有限公司) (Stock Code 股份代號：370) ANNUAL REPORT 2018 年報 僅供識別 Contents 目錄 國華集團控股有限公司 2018年報 | --- | --- | --- | |--------------------------------------------------------------------------|--------------------------|-----------------| | | | Contents \n目錄 | | Corporate Information | 公司資料 | 2 | | Chairman's Message | 主席訊息 | 4 | | Management Discussion and Analysis | 管理層討論及分析 | 6 | | Corporate Governance Report | 企業管治報告 | 15 | | Environmental, Social ...