Financial Performance - The company reported a revenue of 30,463.50 million, representing a 15.0% increase compared to the previous year[2]. - The net profit for the year was 685.65 million, which is a decrease of 7.74% year-on-year[2]. - Earnings per share (EPS) decreased by 0.23 to 0.44, reflecting a decline of 34.4%[2]. - In 2021, the company achieved substantial year-on-year growth in both revenue and profit, overcoming the negative impact of the pandemic[44]. - The Group recorded a revenue of approximately HK$1,898,003,000 for the year ended 31 December 2021, representing an increase of approximately 22 folds compared to HK$85,378,000 for the year 2020[69]. - Profit attributable to owners of the Company was approximately HK$27,294,000 for the year ended 31 December 2021, a significant increase of 356% from HK$5,980,000 in 2020[69]. - The gross profit margin decreased to approximately 6% for the year ended 31 December 2021, down from 86% in 2020, primarily due to lower margins in the supply chain management business segment[71]. - Basic earnings per share increased to HK0.68 cents for the year ended 31 December 2021, compared to HK0.15 cents in 2020, reflecting a growth of 353%[69]. Business Strategy and Development - The company plans to expand its market presence and invest in new product development to drive future growth[3]. - The management highlighted a focus on enhancing operational efficiency and cost management strategies[3]. - The company is exploring potential mergers and acquisitions to strengthen its market position[3]. - Future guidance suggests a cautious outlook, with expected revenue growth of approximately 5-10% for the next fiscal year[3]. - The company is committed to developing a "three-in-one" product system that integrates new finance, new technology, and new services[45]. - The company aims to enhance its capability to manage supply chains and provide financial services to core enterprises across various industries[44]. - The company plans to regroup its customer structure, focusing on serving central and state-owned enterprises, particularly Shougang Group[54]. - The new business development will focus on supply chain financial technology platforms and financing platforms for new industries[56]. Governance and Board Composition - The company has a strong board with members holding advanced degrees in finance and management from reputable institutions[14][18][19][24]. - The company is focused on enhancing its governance structure through experienced directors in various financial and operational roles[19][24]. - The board's diverse expertise in finance, strategy, and corporate governance positions the company well for future growth and market expansion[18][23]. - The Board currently comprises nine Directors, including three Executive Directors, two Non-executive Directors, and four Independent Non-executive Directors[125]. - The Board is characterized by significant diversity, with 87.5% of Directors being male and 12.5% female, and 37.5% of Directors aged between 30-49 years old[135]. - The Company adopted a Board Diversity Policy to achieve sustainable and balanced development, considering factors such as gender, age, and professional experience[133]. - The Board meets regularly, holding at least four meetings a year, with additional meetings arranged as needed[144]. - The Board is responsible for overall strategic formulation and performance monitoring, delegating day-to-day operations to the Executive Committee and senior management[143]. Risk Management and Sustainability - The company emphasizes risk control and has implemented various risk management measures to safeguard long-term development[57]. - The focus will be on strengthening risk management infrastructure and enhancing the risk control system through technology[90][91]. - The company is committed to sustainability initiatives as part of its corporate governance strategy[4]. Operational Performance - The revenue from supply chain management business accounted for 95% of total turnover, while asset management and consultancy services contributed 4.8%[38]. - The geographical breakdown of revenue showed that 99.9% came from Mainland China, with only 0.1% from Hong Kong[40]. - The company emphasized the efficient allocation of resources and steady growth of effectiveness in its operations[44]. - The asset quality and structure of the company's business segments remained at a high level[44]. - The supply chain management company achieved a breakthrough in revenue from steel companies and their upstream and downstream customers, with ongoing expansion in scale[50]. - The asset management business model of asset securitization was further optimized and expanded, while the commercial factoring business continued to generate profit[50]. Financial Position and Capital Management - Total cash increased by 21% to HK$387,095,000, compared to HK$318,818,000 in the previous year[69]. - Total assets grew by 8% to HK$2,325,595,000, up from HK$2,161,473,000 in 2020[69]. - The current ratio improved to 528% as of December 31, 2021, compared to 458% in 2020, indicating better liquidity[96]. - The capital and reserves attributable to owners of the Company increased to approximately HK$1,537,657,000 as of December 31, 2021, compared to HK$1,445,637,000 in 2020, primarily due to a profit of approximately HK$27,294,000 for the year[100]. - The Group obtained new bank borrowings of approximately HK$148,382,000 during the year, down from HK$283,683,000 in 2020[100]. Employee and Director Management - The Group employed 47 full-time employees as of December 31, 2021, a decrease from 50 employees in 2020[107]. - Directors are encouraged to participate in continuous professional development to enhance their knowledge and skills[188]. - The company has provided appropriate insurance cover for directors' and officers' liabilities to protect against risk exposure[187].

Financial Performance - Total revenue for the six months ended June 30, 2021, was HK$1,124,219,000, an increase from HK$38,601,000 in the same period of 2020[11] - Gross profit for the period was HK$52,161,000, compared to HK$32,609,000 in the previous year, reflecting a significant improvement[11] - Operating profit increased to HK$29,450,000, up from HK$14,752,000 in the prior year, indicating strong operational performance[11] - Profit for the period was HK$17,922,000, compared to HK$8,482,000 in the same period last year, showing a year-on-year growth of 111%[11] - Profit attributable to owners of the Company was HK$11,418,000, significantly higher than HK$2,117,000 in the previous year[11] - Total comprehensive income for the period was HK$16,916,000, compared to a loss of HK$28,357,000 in the previous year[13] - Basic and diluted earnings per share rose to 0.29 HK cents, compared to 0.05 HK cents in the same period last year[13] - Adjusted profit before income tax for the six months ended June 30, 2021, was HK$27,327,000, compared to HK$13,606,000 for the same period in 2020, representing an increase of approximately 100%[97] - The company reported segment results of HK$40,747,000 for the six months ended June 30, 2021, up from HK$27,837,000 in the same period of 2020, indicating a growth of about 46%[97] Revenue Streams - The Company’s consultancy service income and property leasing income totaled HK$1,079,148,000, with no income reported in the previous year[11] - The supply chain management business generated revenue of HK$1,071,829,000 during the period, marking a new revenue stream for the company[84] - The trading of goods was introduced as a new revenue stream, contributing to the overall revenue growth without restating prior period segment revenue information[82] Costs and Expenses - The Company reported finance costs of HK$1,904,000, an increase from HK$1,512,000 in the previous year[11] - Income tax expense for the period was HK$9,405,000, compared to HK$5,124,000 in the same period of 2020[11] - Central administration costs decreased to HK$13,263,000 in the first half of 2021 from HK$14,849,000 in the same period of 2020, showing a reduction of approximately 10.6%[97] - Employee benefit expenses decreased to HK$13,789,000 in the first half of 2021 from HK$16,029,000 in 2020, a reduction of approximately 13.9%[114] Assets and Liabilities - Total assets as of June 30, 2021, amounted to HK$2,211,859,000, an increase from HK$2,161,473,000 at the end of 2020[15] - Total non-current assets decreased to HK$902,611,000 from HK$1,042,600,000, reflecting a decline of approximately 13.4%[15] - Current assets increased to HK$1,309,248,000, up from HK$1,118,873,000, indicating a growth of about 17%[15] - Total liabilities increased to HK$431,251,000 from HK$397,484,000, marking an increase of approximately 8.5%[17] - Cash and cash equivalents decreased to HK$204,285,000 from HK$318,818,000, a decline of about 36%[15] Equity and Reserves - Total equity as of June 30, 2021, was HK$1,780,608,000, compared to HK$1,763,989,000 at the end of 2020, showing a slight increase[17] - The retained earnings increased to HK$475,947,000 as of June 30, 2021, reflecting a growth in the company's financial position[21] - The share capital remained stable at HK$39,846,000, while the share premium was HK$766,818,000, indicating consistent equity structure[21] - The total equity attributable to owners of the company reached HK$1,780,608,000 as of June 30, 2021, demonstrating a solid equity base[21] Cash Flow - For the six months ended June 30, 2021, the net cash used in operating activities was HK$88,139,000, compared to a net cash generated of HK$176,668,000 in the same period of 2020[27] - Cash flows from investing activities generated a net cash inflow of HK$4,994,000, a decrease from HK$113,123,000 in the previous year[27] - The net cash used in financing activities was HK$31,893,000, compared to HK$386,499,000 in the same period of 2020[27] - The cash and cash equivalents at the end of the period were HK$204,285,000, down from HK$501,280,000 at the end of June 2020[27] Financial Assets and Fair Value - As of June 30, 2021, the Group's financial assets at fair value through profit or loss (FVPL) amounted to HK$3,364,000, while debt instruments at fair value through other comprehensive income (FVOCI) totaled HK$15,693,000[61] - The Group's financial assets at FVPL and FVOCI are determined using quoted market prices, with ongoing reviews of estimates and assumptions[68] - The Group's estimates and assumptions regarding the provision for inventories may lead to differences in actual results[48] - The Group's financial assets are classified into three levels based on the reliability of the inputs used in determining fair value[58] Investments and Disposals - The company completed the disposal of a 40.78% equity interest in Global Digital Creations Holdings Limited, recognizing HK$44,580,000 in equity as a deemed capital contribution[24] - The company recognized a gain of HK$554,000 on the disposal of debt instruments at FVOCI during the period, compared to HK$1,768,000 in the previous year[97] Accounting Policies - The interim financial information was prepared in accordance with Hong Kong Accounting Standard 34 and has not been audited[32] - The Group adopted new accounting standards effective from January 1, 2021, which did not have a material impact on the financial results for the current or prior periods[41]

Financial Performance - The company reported a significant increase in revenue, achieving a total of HK$1.2 billion, representing a 15% growth compared to the previous year[10]. - The company reported a net profit margin of 12%, up from 10% in the previous year, indicating improved operational efficiency[10]. - The Group recorded a revenue of approximately HK$85,378,000 for the year ended 31 December 2020, representing a year-on-year increase of approximately 10% compared to HK$77,702,000 in 2019[83]. - Gross profit for the year was approximately HK$73,760,000, resulting in a gross profit margin of approximately 86%, which is an increase of 12% from 74% in 2019[84]. - Profit attributable to owners of the Company was approximately HK$5,980,000 for 2020, marking a turnaround from a loss of approximately HK$7,921,000 in 2019[82]. - Revenue from the sale and leaseback arrangements services segment increased by approximately 10% to approximately HK$78,691,000, with segment results showing a profit of approximately HK$65,976,000[92]. User Growth and Market Expansion - User data showed a rise in active users by 25%, reaching 500,000 users by the end of the fiscal year[10]. - Market expansion efforts include entering two new regions, which are projected to increase market share by 5%[10]. - The company is investing HK$50 million in research and development for new technologies aimed at market expansion[10]. - The Group aims to broaden its market-oriented business while prioritizing the steel industry for expansion[64]. - The Group will explore international opportunities under the "One Belt and One Road Initiative" to advance its overseas market expansion[66]. Strategic Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[10]. - New product launches are expected to contribute an additional HK$200 million in revenue, with a focus on enhancing user experience[10]. - The company is considering strategic acquisitions to enhance its product offerings and market presence[10]. - The company aims to strengthen its risk management infrastructure by enhancing its risk control system and introducing an information technology platform for better management[105]. - The company will continue to explore new models of innovative financial service business, particularly in the context of the Belt and Road Initiative[104]. Governance and Board Structure - The board of directors emphasized the importance of corporate governance and compliance with regulatory standards[10]. - The Board currently comprises eight Directors: two Executive Directors, two Non-executive Directors, and four Independent Non-executive Directors[145]. - The Board is characterized by significant diversity, with 75% of Directors being male and 25% female, and 37.5% of Directors aged between 30-40 years old[155]. - The Company adopted a Board Diversity Policy to achieve sustainable and balanced development, considering factors such as gender, age, and professional experience[153][154]. - The Nomination Committee is responsible for identifying suitably qualified candidates for the Board, ensuring a balance of skills and experience[160]. Director Compensation and Experience - Mr. Tian's monthly salary for the financial year 2021 is HK$120,000, determined by the Remuneration Committee based on his experience and market conditions[16]. - Mr. Huang's monthly director's fee was adjusted to HK$20,000 from March 2021, up from HK$15,833 for the financial year 2020[18]. - Mr. Tam's director's fee for both financial years 2020 and 2021 is HK$240,000 for a full year, reflecting his experience and market conditions[29]. - Mr. Zhang has extensive experience in mergers and acquisitions and capital operations of listed companies[22]. - Mr. Tian has over 30 years of experience in the financial industry, having previously worked at China Construction Bank[15]. Financial Position and Cash Flow - Total cash decreased by approximately 55% to HK$318,818,000 from HK$702,164,000 in 2019[76]. - Total assets decreased by approximately 6% to HK$2,161,473,000 from HK$2,294,032,000 in 2019[76]. - The current ratio improved to 458% as of December 31, 2020, compared to 305% as of December 31, 2019, reflecting better liquidity management[110]. - Cash and cash equivalents decreased to approximately HK$318,818,000 (2019: HK$607,782,000), primarily due to net cash used in operating activities of approximately HK$146,343,000 and net repayment of bank borrowings of approximately HK$187,280,000[112]. - As of December 31, 2020, total borrowings amounted to HK$290,303,000, down from HK$465,557,000 as of December 31, 2019, indicating a reduction in financial leverage[110]. Risk Management - The Group emphasizes risk control and will optimize its risk management system to address macroeconomic challenges[69]. - The Company has established procedures for Directors to seek independent professional advice when necessary[171]. - The management provides monthly updates to the Board, ensuring all members have sufficient information to assess the Company's performance and prospects[190]. - Independent Non-executive Directors are required to be present at Board meetings when material transactions involving conflicts of interest are discussed[172]. - The Board's governance practices include ensuring that all Directors are informed and can make informed decisions on matters presented[190].

Financial Performance - Total revenue for the six months ended June 30, 2020, was HK$38,601,000, an increase from HK$30,991,000 in the same period of 2019, representing a growth of approximately 24%[12] - Gross profit for the period was HK$32,609,000, compared to HK$21,369,000 in 2019, indicating a significant increase of about 53%[12] - Operating profit rose to HK$14,752,000, up from HK$11,843,000 in the previous year, reflecting an increase of approximately 24%[12] - Profit for the period was HK$8,482,000, which is an increase of 14% from HK$7,429,000 in the same period last year[12] - Profit attributable to owners of the Company was HK$2,117,000, slightly up from HK$2,015,000 in 2019, showing a growth of about 5%[12] - Non-controlling interests contributed HK$6,365,000 to the profit, compared to HK$5,414,000 in the previous year, marking an increase of approximately 18%[12] - Consultancy service income and property leasing income totaled HK$37,784,000 and HK$817,000 respectively, compared to HK$28,425,000 and HK$2,566,000 in 2019, indicating growth rates of 33% and 68%[12] - Profit for the period increased to HK$8,482,000, up from HK$7,429,000, representing a growth of 14.1% year-over-year[15] - The company reported a decrease in cash and cash equivalents of HK$96,708,000 for the period, contrasting with an increase of HK$263,439,000 in the previous year[30] Assets and Liabilities - Total assets decreased to HK$1,946,770,000 from HK$2,294,032,000, reflecting a decline of 15.1%[21] - Total equity decreased to HK$1,715,141,000 from HK$1,743,498,000, a reduction of 1.6%[21] - Non-current assets totaled HK$951,947,000, down from HK$1,159,230,000, indicating a decrease of 18.0%[18] - Current liabilities decreased significantly to HK$79,755,000 from HK$371,651,000, a reduction of 78.5%[21] - Non-current liabilities totaled HK$151,874,000, down from HK$178,883,000, a decrease of 15.1%[21] - The total segment assets as of June 30, 2020, amounted to HK$1,799,040,000, a decrease from HK$1,903,881,000 as of December 31, 2019[103] - The total segment liabilities decreased from HK$389,819,000 as of December 31, 2019, to HK$214,524,000 as of June 30, 2020[105] Cash Flow - For the six months ended June 30, 2020, net cash generated from operating activities was HK$176,668,000, an increase of 75.0% compared to HK$100,877,000 in the same period of 2019[30] - Cash flows from investing activities resulted in a net cash inflow of HK$113,123,000, down 31.5% from HK$165,282,000 in the previous year[30] - Net cash used in financing activities was HK$386,499,000, compared to only HK$2,720,000 used in the same period of 2019, indicating a significant increase in financing outflows[30] - The total cash and cash equivalents at the end of the period were HK$501,280,000, a decrease of 53.1% from HK$1,069,389,000 at the end of the previous period[30] - Cash generated from operations was HK$189,547,000, which reflects a substantial increase compared to HK$117,231,000 in the prior year[30] Expenses - Employee benefit expenses increased to HK$16,029,000, up 13.6% from HK$14,104,000 in the previous year[114] - The Group's total liabilities included interest on bank borrowings of HK$7,390,000 for the six months ended June 30, 2020, down from HK$11,828,000 in 2019[116] - Depreciation of property, plant, and equipment increased to HK$1,200,000, compared to HK$836,000 in the previous year, reflecting a rise of 43.5%[114] Financial Instruments and Fair Value - The change in fair value of financial assets at fair value through profit or loss was HK$1,256,000, compared to HK$1,810,000 in the previous year, indicating a decrease of about 30%[12] - Fair value measurements for financial instruments are categorized into three levels based on the observability of inputs used[69] - Level 1 financial instruments are based on quoted market prices in active markets, while Level 2 and Level 3 rely on valuation techniques and unobservable inputs respectively[76][77] - The Group's financial assets at FVPL and FVOCI are determined using quoted market prices, ensuring ongoing assessment of estimates and assumptions[86] Segment Information - For the six months ended June 30, 2020, the segment revenue from sale and leaseback arrangements was HK$37,784,000, while total segment revenue was HK$38,601,000[92] - The segment results for the same period showed a profit of HK$27,837,000, compared to HK$26,034,000 for the six months ended June 30, 2019, indicating a year-over-year increase of approximately 6.9%[100] - Revenue from sale and leaseback arrangements for the six months ended June 30, 2020, was HK$28,286,000, compared to HK$15,479,000 in 2019, indicating a significant increase[181] Related Party Transactions - The Group's receivables under sale and leaseback arrangements from subsidiaries of Shougang Group amounted to HK$828,127,000 as of June 30, 2020, down from HK$984,612,000 on December 31, 2019[187] - The Group prepaid RMB67,000,000 (approximately HK$73,626,000) to a non-controlling shareholder related party for share capital reduction, with the balance being unsecured and interest-free[187] - The balance of HK$2,079,000 due from a related party was settled in July 2020, related to the disposal of property, plant, and equipment[185] Other Information - The Company’s Audit Committee and Auditor reviewed the interim results, ensuring the accuracy of the financial information presented[11] - No dividends were paid or declared during the six months ended June 30, 2020, and 2019[120] - The tax expense for the six months ended June 30, 2020, was HK$5,124,000, significantly higher than HK$2,082,000 in the same period of 2019[119] - The Group confirmed no impairment for cash-generating units related to sale and leaseback arrangements, asset management, and supply chain management services for the six months ended June 30, 2020[137] - Shougang Concord Grand focused on developing supply chain financial services in the steel industry, enhancing overall mobility of the industrial chain[199] - The company has made initial achievements in cost reduction and efficiency improvement, leading to an increase in income[200]

Financial Performance - Total revenue for the six months ended June 30, 2019, was HKD 30,991,000, a decrease of 44.5% compared to HKD 55,905,000 for the same period in 2018[12]. - Gross profit for the same period was HKD 21,369,000, down 29.2% from HKD 30,193,000 in 2018[12]. - The company reported a profit before tax of HKD 9,511,000, compared to a loss of HKD 55,329,000 in the previous year[12]. - Net profit for the period was HKD 7,429,000, a significant recovery from a loss of HKD 57,666,000 in 2018[12]. - Basic and diluted earnings per share for the period were HKD 0.05, compared to a loss of HKD 2.36 per share in the previous year[14]. - The company recorded a total comprehensive income of HKD 7,667,000 for the period, compared to a loss of HKD 92,733,000 in 2018[14]. - The group recorded a pre-tax profit of HKD 9,511,000 for the period, reflecting a significant decrease from the previous year's performance[71]. - The group reported a profit attributable to shareholders of HKD 2,015,000 for the six months ended June 30, 2019, compared to a loss of HKD 63,009,000 for the same period in 2018, marking a significant turnaround[91]. Assets and Liabilities - Non-current assets increased to HKD 504,615,000 as of June 30, 2019, from HKD 781,689,000 as of December 31, 2018[16]. - Current assets included receivables of HKD 1,069,389,000, up from HKD 806,150,000 in the previous period[16]. - As of June 30, 2019, the company's total assets amounted to HKD 1,937,757,000, an increase from HKD 1,896,748,000 as of December 31, 2018, representing a growth of approximately 2.2%[18]. - The net current assets increased to HKD 1,433,142,000 from HKD 1,115,059,000, reflecting a significant rise of about 28.5%[18]. - Total equity attributable to the company's owners reached HKD 1,386,560,000, compared to HKD 1,339,688,000 in the previous period, marking an increase of approximately 3.5%[18]. - Non-current liabilities decreased to HKD 259,852,000 from HKD 270,658,000, indicating a reduction of about 4%[20]. - The total liabilities for lease liabilities were HKD 6,246,000, with HKD 2,118,000 classified as current liabilities and HKD 4,128,000 as non-current liabilities[64]. - As of June 30, 2019, total liabilities amounted to HKD 585,924,000, a decrease from HKD 592,124,000 as of December 31, 2018, representing a reduction of approximately 1.8%[80]. Cash Flow - Net cash flow from operating activities for the six months ended June 30, 2019, was HKD 100,877,000, a decrease from HKD 273,703,000 in the same period of 2018[27]. - Net cash flow from investing activities for the six months ended June 30, 2019, was HKD 165,282,000, compared to HKD 12,772,000 in the previous year[27]. - Net cash used in financing activities for the six months ended June 30, 2019, was HKD 2,720,000, a significant improvement from HKD 61,779,000 in the same period of 2018[27]. - The total cash and cash equivalents at the end of the period was HKD 1,069,389,000, up from HKD 505,062,000 at the end of the previous year[27]. - The company experienced a net increase in cash and cash equivalents of HKD 263,439,000 during the reporting period[27]. - Cash and cash equivalents increased to approximately HKD 1,069,389,000 from HKD 806,150,000, primarily due to net cash generated from operating activities of approximately HKD 100,877,000 and proceeds from the sale of non-current assets of approximately HKD 154,792,000[173]. Segment Performance - The financing lease and other financial services segment reported revenue of HKD 28,425,000, while property leasing and building management services generated HKD 494,000[71]. - Revenue from financing leasing and other financial services decreased by approximately HKD 25,678,000 to about HKD 28,425,000, with segment profit recorded at approximately HKD 22,392,000, down from HKD 23,249,000[167]. - Asset management segment revenue was approximately HKD 2,072,000, with a profit of about HKD 158,000, a decrease from HKD 295,000, primarily due to increased resource allocation for business development[168]. - Revenue from property leasing and building management services decreased by approximately 73% to about HKD 494,000, with segment profit recorded at approximately HKD 3,484,000, down from HKD 6,461,000[170]. Strategic Initiatives and Future Outlook - Future outlook indicates a focus on market expansion and the development of new products and technologies to drive growth[23]. - The company is exploring potential mergers and acquisitions to enhance its market position and operational capabilities[23]. - Strategic initiatives are being implemented to improve overall operational efficiency and profitability moving forward[23]. Accounting Policies and Standards - The company adopted HKFRS 16 "Leases" for the first time, which may impact the accounting policies and financial position[31]. - The initial measurement of lease liabilities and the recognition of right-of-use assets will affect the financial statements moving forward[39]. - The company has maintained its accounting policies consistent with those used in the previous financial year, except for the adoption of new standards[30]. - The company recognized lease liabilities of HKD 6,246,000 upon the initial application of HKFRS 16 on January 1, 2019[54]. - The company applied the simplified approach under HKFRS 9 for measuring expected credit losses on trade receivables, ensuring compliance with accounting standards[124]. Shareholder Information - The number of ordinary shares outstanding increased to 4,008,289,000 as of June 30, 2019, up from 2,672,192,000 in the same period of 2018, representing an increase of approximately 49.8%[91]. - The total issued and fully paid shares increased to 4,008,288,703 as of June 30, 2019, from 2,672,192,469 shares at the beginning of 2018, representing a 49.7% increase due to a rights issue[127]. - The group did not recommend the payment of an interim dividend for the six months ended June 30, 2019, consistent with no dividend declared for the same period in 2018[90]. - The board did not declare an interim dividend for the six months ended June 30, 2019, consistent with the previous year[185]. Employee and Operational Information - The group had 45 full-time employees as of June 30, 2019, a decrease from 46 employees as of December 31, 2018[183].

Financial Performance - The company reported a comprehensive income of HKD 180 million for the fiscal year 2018, representing a 15% increase compared to the previous year[3]. - The company reported a revenue of HKD 96,623,000 for the year ended December 31, 2018, a decrease of approximately 12% compared to HKD 109,512,000 in 2017[86]. - The gross profit for the year was HKD 54,196,000, with a gross margin of 56%, an increase of 2% from 54% in 2017[86]. - The company recorded a loss attributable to shareholders of HKD 58,882,000, a significant increase of 420% from HKD 11,332,000 in the previous year[83]. - Total cash increased by 152% to HKD 806,150,000 from HKD 320,080,000 in 2017[83]. - Total assets decreased by 16% to HKD 2,218,214,000 from HKD 2,630,955,000 in 2017[83]. - Total liabilities decreased by 44% to HKD 592,124,000 from HKD 1,051,498,000 in 2017[83]. - Revenue from financing leasing and other financial services accounted for 97% of total revenue in 2018, while property leasing and management services contributed 3%[66]. - 98% of the group's revenue in 2018 was generated from mainland China, with only 2% from Hong Kong[68]. Strategic Initiatives - The company provided a revenue guidance for 2019, expecting a growth of 10% to 15% in total revenue, projecting between HKD 1.1 billion and HKD 1.15 billion[3]. - New product launches in 2018 included two innovative financial products, which contributed to a 30% increase in market penetration[3]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by 2020[3]. - The company plans to invest HKD 100 million in digital transformation initiatives over the next two years[3]. - The group plans to deepen its focus on supply chain financial services for the steel industry while exploring opportunities in automotive, healthcare, and urban renewal sectors through joint ventures, investments, and acquisitions[73]. - The group aims to enhance supply chain transaction efficiency and reduce financial risk control costs through technology-driven financial services[73]. - The company plans to enhance its financial innovation capabilities to better serve the industry and expand its financial services business[78]. Research and Development - Research and development expenses increased by 12% in 2018, totaling HKD 50 million, focusing on technology enhancements[3]. - The company aims to leverage IoT and big data technology to enhance supply chain management services and improve transaction efficiency[89]. - The company has obtained all necessary licenses related to supply chain finance and is establishing a supply chain technology financial service platform[89]. Corporate Governance - The board consists of seven directors, including two executive directors, one non-executive director, and four independent non-executive directors[118]. - The board maintains a high level of independence, with over 50% of directors being independent[125]. - The company has implemented a board diversity policy, considering factors such as gender, age, cultural background, and professional experience[124]. - The board held 11 meetings during the fiscal year ending December 31, 2018, to consider various projects and review the group's mid-term and annual performance[136]. - The company emphasizes the importance of providing sufficient information to the board for informed decision-making regarding financial and other matters[139]. - The company has established a policy for the rotation of directors, ensuring that each director (except the chairman and CEO) must retire at least once every three years[141]. - Independent non-executive directors who have served on the board for over nine years must be re-elected by shareholders, ensuring ongoing accountability[147]. Stakeholder Engagement - The management highlighted a new strategy to improve customer engagement, aiming for a 40% increase in customer satisfaction scores by the end of 2019[3]. - The company is committed to enhancing gender diversity on the board by seeking suitable candidates[125]. - The company has purchased appropriate liability insurance for directors and senior officers to provide protection against risks associated with the group's business[152]. Acquisitions and Investments - The company completed a strategic acquisition of a fintech startup for HKD 200 million, expected to enhance its service offerings[3]. - On June 13, 2018, the company agreed to acquire a 41.41% stake in Beijing Service New Shougang for RMB 75,262,645.50, which is still pending completion[104]. - The company also agreed to acquire an 85.7143% stake in Shouhua Jingxi Collaborative Innovation for RMB 1,500,000, with the transaction already completed[105]. - The company increased its stake in Jingxi Supply Chain from 10% to 70% by agreeing to contribute an additional RMB 200,000,000, which is still pending completion[106]. - The company completed a capital injection of RMB 10,000,000 into Jingxi Supply Chain to acquire a 10% stake[106]. - The group signed a credit agreement totaling RMB 5 billion with Shougang Group to support business expansion[74]. Financial Position - As of December 31, 2018, total loans amounted to HKD 494,541,000, with current loans at HKD 238,859,000 and non-current loans at HKD 255,682,000[101]. - The group's cash and cash equivalents increased to approximately HKD 806,150,000 from HKD 288,221,000 in the previous year, primarily due to net cash generated from operating activities of approximately HKD 649,430,000[100]. - The financial debt ratio was not applicable for the current year, while it was 36% in the previous year[97]. - The current ratio improved to 447% from 184% in the previous year, indicating better liquidity[97]. Human Resources - The company employed 46 full-time employees as of December 31, 2018, down from 51 employees the previous year[113]. - The company recognizes the contributions of independent non-executive directors who have served for over nine years and supports their re-election based on their extensive experience and understanding of the business[148].