Financial Performance - For the nine-month period ending December 31, 2018, the group recorded a revenue of approximately HKD 427 million and a net loss of approximately HKD 691 million, compared to a revenue of HKD 458 million and a net profit of HKD 671 million for the previous fiscal year[98]. - The net loss attributable to shareholders was approximately HKD 705 million, primarily due to increased impairment provisions for financial assets and a significant decrease in fair value gains on financial assets measured at fair value through profit or loss[98]. - The financing lease business reported a loss of approximately HKD 465 million, primarily due to impairment losses of about HKD 293 million, including goodwill impairment of approximately HKD 147 million[105]. - The securities investment segment experienced an unrealized fair value loss of approximately HKD 223 million, contrasting with an unrealized fair value gain of approximately HKD 460 million in the previous fiscal year[107]. - The lending business recorded a revenue of approximately HKD 83,064,000, an increase from HKD 50,383,000 in the previous year, primarily due to business expansion[108]. - The structural entities recorded revenue of approximately HKD 114 million and a net loss of HKD 13 million during the reporting period[184]. Assets and Liabilities - The group’s total assets as of December 31, 2018, were approximately HKD 13.38 billion, down from HKD 14.41 billion as of March 31, 2018, while total liabilities were approximately HKD 8.50 billion, slightly down from HKD 8.57 billion[104]. - The asset-liability ratio as of December 31, 2018, was approximately 60.44%, up from 55.70% as of March 31, 2018[115]. - As of December 31, 2018, the loan portfolio was approximately HKD 1,332,366,000, slightly down from HKD 1,358,805,000 as of March 31, 2018[108]. - As of December 31, 2018, the total assets of the structural entities were approximately HKD 949 million, with total liabilities of approximately HKD 64 million, resulting in a net asset value of approximately HKD 885 million[184]. Business Strategy and Development - The company aims to expand its market presence by actively seeking quality investment opportunities along the Belt and Road Initiative and in the Guangdong-Hong Kong-Macao Greater Bay Area[100]. - The group plans to enhance its financial technology capabilities and innovate its business models to adapt to new market conditions and opportunities[100]. - The group is committed to developing a comprehensive financial service platform, integrating investment and investment banking services to enhance overall capabilities[98]. - The group plans to develop a leading asset trading platform in the Guangdong Free Trade Zone, leveraging policy advantages[111]. - The group is focused on diversifying its financial services and leveraging the strengths of Shandong High-Speed Group as a major shareholder[112]. - Future strategies may include further acquisitions and partnerships to strengthen market position and drive growth[134]. Corporate Governance and Management - The company emphasizes the importance of corporate governance and compliance, as reflected in the diverse backgrounds of its board members[133]. - The management team includes professionals with advanced degrees and certifications, such as CPA and MBA, ensuring strong governance and financial oversight[135]. - The company is focused on expanding its market presence and enhancing its investment strategies through experienced leadership and board members[134]. - The company has confirmed that all independent non-executive directors remain independent as of the report date, in compliance with listing rules[174]. - The audit committee, composed of four independent non-executive directors, reviewed the group's consolidated performance for the nine months ended December 31, 2018[128]. Employee and Talent Management - As of December 31, 2018, the group had 579 employees, with 531 located in China, and incurred employee costs of approximately HKD 97.4 million for the nine months ended December 31, 2018, compared to approximately HKD 60.646 million for the year ended March 31, 2018, indicating a significant increase in employee costs aligned with business expansion[122]. - The group emphasizes talent acquisition and development, implementing training programs and development opportunities for employees to enhance professional service levels[122]. - The group encourages employees to participate in financial knowledge training to enhance their existing financial expertise[122]. Compliance and Risk Management - There were no significant violations of applicable laws and regulations that adversely affected the group's business and operations during the reporting period[126]. - The company will continue to monitor the relevant legal and operational environment to comply with applicable laws and regulations[191]. - The company has implemented internal control measures to mitigate operational risks associated with the VIE structure[191]. - The company has not purchased any insurance to protect against risks related to the VIE structure and its transactions[190]. Shareholder Information - The company did not recommend the distribution of any dividends for the reporting period[145]. - The company has not established any arrangements for shareholders to waive or agree to waive any dividends[145]. - The largest customer accounted for 7.9% of the group's revenue, while the top five customers together represented 25.7% of total revenue, indicating a moderate customer concentration risk[169]. - As of December 31, 2018, the company's paid-up earnings amounted to approximately HKD 1,524,577,000, with an additional share premium account of HKD 4,784,098,000 available for distribution in the form of bonus shares[168]. Financing Activities - The group issued USD 550,000,000 and an additional USD 50,000,000 guaranteed notes at a 5.95% interest rate, maturing in 2020, to enhance business funding[115]. - The company issued a total of $40 million in convertible bonds, with a conversion price of HKD 0.35 for the A tranche and HKD 0.42 for the B tranche, at an annual interest rate of 6%[149]. - The company redeemed the second tranche of convertible bonds totaling $40 million, which had an annual interest rate of 8%, using the proceeds from the fifth tranche issuance[149]. - The company repurchased shares to enhance net asset value and earnings per share for the benefit of shareholders, as authorized at the 2018 annual general meeting[167].