Financial Performance - The company reported a profit attributable to shareholders of approximately HKD 26,800,000 for the six months ended June 30, 2019, compared to a loss of HKD 22,200,000 for the same period in 2018, marking a significant turnaround [3]. - Operating income totaled approximately HKD 304,600,000, an increase of about 80% compared to HKD 169,200,000 for the same period in 2018, driven by strong performance in media and financial services [4]. - The group reported total operating income of HKD 304.64 million for the six months ended June 30, 2019, compared to HKD 169.196 million for the same period in 2018, marking an increase of 80.06% [22]. - The group achieved a net profit attributable to shareholders of HKD 26.782 million for the six months ended June 30, 2019, compared to a loss of HKD 22.171 million for the same period in 2018 [22]. - The group’s pre-tax profit for the six months ended June 30, 2019, was HKD 29,061,000, compared to a loss of HKD 20,201,000 in the same period of 2018 [61]. - Basic and diluted earnings per share for the six months ended June 30, 2019, were HKD 2.32, compared to a loss per share of HKD 2.08 for the same period in 2018 [22]. Revenue Growth - The financial services segment generated approximately HKD 46,100,000 in revenue, up from HKD 6,300,000 in the previous year, indicating robust growth in this area [4]. - Revenue from the insurance brokerage business was approximately HKD 10.6 million for the six months ended June 30, 2019, compared to HKD 6.3 million for the same period in 2018, representing a growth of 68.25% [17]. - Media business revenue recorded approximately HKD 186 million for the six months ended June 30, 2019, an increase from HKD 160.4 million for the same period in 2018, reflecting a growth of 15.94% [17]. - The reported segment revenue for the financial services division was HKD 46,151,000 in 2019, compared to HKD 6,284,000 in 2018, representing a significant increase [59]. - The media segment reported revenue of HKD 185,983,000 in 2019, up from HKD 160,382,000 in 2018, indicating a growth of approximately 16% [59]. Operating Expenses - Operating expenses increased by approximately 42.8% to HKD 270,400,000, primarily due to higher employee costs and service expenses [5]. - Operating expenses totaled HKD 270.367 million for the six months ended June 30, 2019, compared to HKD 189.361 million for the same period in 2018, an increase of 42.73% [22]. - Interest expenses for the group totaled HKD 5,212,000 in 2019, a significant increase from HKD 36,000 in 2018 [63]. - The group incurred depreciation and amortization expenses of HKD 11,624,000 in 2019, compared to HKD 3,228,000 in 2018 [61]. Cash Flow and Liquidity - The company's cash and bank deposits were approximately HKD 106,100,000 as of June 30, 2019, down from HKD 245,700,000 at the end of 2018, reflecting a decrease in liquidity [9]. - The company’s cash and cash equivalents decreased to HKD 106,118 thousand from HKD 245,737 thousand, a decline of approximately 56.9% [28]. - For the six months ended June 30, 2019, cash used in operating activities was HKD (18,146) thousand, an improvement from HKD (24,384) thousand in the same period of 2018, representing a decrease of approximately 25.5% [32]. - The net cash used in investing activities was HKD (73,258) thousand, compared to HKD (87,677) thousand in the prior year, indicating a reduction of about 16.5% [32]. - The company reported a cash balance of HKD 95,403 thousand as of June 30, 2019, down from HKD 387,405 thousand at the beginning of the year [32]. Assets and Liabilities - As of June 30, 2019, total assets amounted to HKD 1,185,606 thousand, a decrease from HKD 1,152,323 thousand as of December 31, 2018, reflecting a growth of approximately 2.9% [28]. - Non-current assets increased to HKD 554,091 thousand from HKD 385,547 thousand, representing a significant increase of approximately 43.7% year-over-year [28]. - Current liabilities rose to HKD 233,547 thousand, up from HKD 216,383 thousand, indicating an increase of about 7.9% [28]. - The total liabilities for the financial services segment were HKD 43,564,000, while the media segment reported liabilities of HKD 96,885,000 as of June 30, 2019 [59]. - The total equity increased to HKD 739,045 thousand from HKD 722,094 thousand, showing a growth of about 2.3% [30]. Shareholder Information - The company has a total of 680,508,005 shares held by its controlling shareholder, Hichang, representing 57.43% of the issued shares [126]. - The company has a total of 678,259,144 shares under short positions, which accounts for 57.24% of the issued shares [128]. - The company’s major shareholders include Bessen Capital, which holds 680,508,005 shares, also representing 57.43% of the issued shares [126]. - The company’s shareholding structure indicates that Mr. Xu holds significant control through Hichang and Bessen Capital [121]. - The company has no unexercised options under the share option plan since its adoption [123]. Corporate Governance - The audit committee reviewed the unaudited interim financial report for the six months ended June 30, 2019 [134]. - The company has complied with all provisions of the Corporate Governance Code during the reporting period [132]. - All directors confirmed compliance with the Securities Trading Code during the six months ended June 30, 2019 [133].

Financial Performance - The Group recorded a profit after taxation of approximately HK$16.3 million for the year ended 31 December 2018, compared to a loss of approximately HK$7.5 million for 2017[6]. - Total operating revenue for the year was approximately HK$422.4 million, representing an increase of approximately 13.1% from HK$373.5 million in the previous year[7]. - Profit attributable to equity shareholders was approximately HK$16.3 million for 2018, compared to a loss of approximately HK$6.6 million in 2017[7]. - Operating expenses increased by approximately HK$24.6 million, from approximately HK$374.8 million in 2017 to approximately HK$399.4 million in 2018[82]. - Cash used in operations was approximately HK$30.8 million in 2018, a decrease from approximately HK$70.6 million in 2017[85]. - As of December 31, 2018, the Group had cash and cash equivalents of approximately HK$245.7 million, compared to approximately HK$250.3 million in 2017[77]. - The Group did not recommend the payment of a final dividend for the year ended December 31, 2018[84]. - The EBITDA margin for 2018 was 7.5%, compared to 0.9% in 2017, indicating improved operational efficiency[75]. - The Group's total indebtedness at December 31, 2018, was approximately HK$106.6 million, up from HK$0.7 million in 2017, resulting in a gearing ratio of 14.8%[103]. - The group incurred capital expenditures of approximately HK$36.9 million in 2018, a substantial increase from HK$7.2 million in 2017[112]. Business Segments - The Financial Services segment contributed approximately HK$21.2 million to the profit, while the Media segment saw an increase of approximately HK$3.8 million[7]. - The revenue from the insurance brokerage business in 2018 was approximately HK$17 million, an increase of approximately HK$16.3 million from the previous year[29]. - The Media Business recorded revenue of approximately HK$380.5 million for the year ended December 31, 2018, compared to approximately HK$348.4 million in 2017[30]. - The Financial Services segment generated revenue of approximately HK$33.5 million in 2018, which included income from the acquisition of TCM and brokerage income from insurance services in the PRC[78]. - The Group's external asset management business contributed approximately HK$16.5 million in operating income and approximately HK$1.8 million in operating expenses in 2018[31]. Acquisitions and Investments - The Group completed the acquisition of Target Capital Management Limited and related companies on 14 December 2018, expanding its financial services business[15]. - The completion of the acquisition of TCM and the Subject Companies occurred on December 14, 2018, with a total consideration of HK$270.0 million[99]. - The Group's acquisition of Tianjin Ankai Economic Information Consulting Limited allows it to control the financial and business operations of China Sports Insurance Broker Co., Ltd. since December 14, 2017[36]. - The Group aims to identify further investment opportunities to broaden its business portfolio and maximize returns for shareholders[19]. Market Strategy and Growth - The Group plans to expand its market share in the insurance brokerage business in the PRC, including new life insurance products launched in the second half of 2018[16]. - The Group is optimistic that the Financial Services Business will become a key driver for future growth despite global economic uncertainties[19]. - The Media Business is investing in digital panels for interactive advertising platforms to drive growth, despite facing fierce competition[18]. - The Group plans to develop 100 new bus shelters each year to enhance its BUS-SHELTER advertising services[35]. Corporate Governance and Compliance - The Group is committed to maintaining high standards of corporate governance through its independent non-executive directors[131]. - The Board of Directors is responsible for the sustainable development of the Group, ensuring compliance with legal and regulatory requirements[188]. - The Group has established three Board Committees: Audit, Remuneration, and Nomination, to oversee various aspects of its affairs[190]. - The Group maintains high standards of professionalism and ethicality for all employees, ensuring compliance with the Code of Conduct[195]. - In 2018, there were no reported incidents of bribery, extortion, fraud, or money laundering within the Group[197]. Environmental, Social, and Governance (ESG) Initiatives - The annual Environmental, Social and Governance Report covers the year ended December 31, 2018, focusing on the Group's operations in Hong Kong, which represent the majority of its investments and businesses[157]. - The report complies with the HKEx ESG Reporting Guide, adhering to the "comply or explain" provisions for the year ended December 31, 2018[159]. - The Group's commitment to environmental, social, and governance issues is outlined, reflecting its operational priorities[157]. - The Group aims to minimize its carbon footprint through efficient resource use and green office initiatives[177]. - The Group received the 15 Years Plus Caring Company Logo 2018/19 from the Hong Kong Council of Social Service, highlighting its commitment to social responsibility[185]. Employee Welfare and Development - The Group prioritizes employee welfare, focusing on skill development, health and safety, and equal employment opportunities[198]. - The Equal Employment Opportunity Policy ensures fair treatment of employees regardless of race, sex, or disability[199]. - The group had 179 full-time employees as of December 31, 2018, and offers a competitive remuneration package along with performance bonuses and sales commissions[123].