Financial Performance - The company reported no revenue for the year ending June 30, 2015, compared to HKD 2,617,000,000 for the year ending June 30, 2014[21]. - The net loss for the year ending June 30, 2015, was approximately HKD 56,500,000, a decrease of about HKD 2,407,300,000 compared to the net loss of approximately HKD 2,463,800,000 for the year ending June 30, 2014[21]. - The company reported a total loss of HKD 51,365,000 for the year ended June 30, 2015, compared to a loss of HKD 2,437,499,000 for the previous year, indicating a significant reduction in losses[81]. - The company incurred a loss before tax of HKD 56,467,000, compared to a loss of HKD 2,464,746,000 in the previous year, indicating a substantial improvement[96]. - The net loss for the year was HKD 56,467,000, a reduction from HKD 2,463,805,000 in 2014, reflecting a positive trend in financial performance[96]. - The company reported a total comprehensive loss of HKD 56,467,000 for the year, down from HKD 2,740,173,000 in 2014, indicating improved overall performance[96]. Liquidity and Financial Position - As of June 30, 2015, the company had cash and cash equivalents of approximately HKD 300,000, down from approximately HKD 3,600,000 as of June 30, 2014[21]. - The current ratio (current assets to current liabilities) was approximately 0.1% as of June 30, 2015, compared to 0.6% as of June 30, 2014[21]. - The company's total liabilities as of June 30, 2015, amounted to HKD 922,511,000, compared to HKD 871,816,000 as of June 30, 2014, reflecting an increase in financial obligations[84]. - The total equity attributable to the owners of the company was reported at HKD (923,936,000), a decline from HKD (867,469,000) in the previous year, highlighting ongoing financial distress[99]. - The company's cash and cash equivalents decreased to HKD 340,000 from HKD 3,636,000 in 2014, indicating liquidity challenges[99]. Restructuring and Liquidation - The company has been placed into liquidation since February 9, 2015, following a court order[12]. - The company is undergoing a proposed restructuring that includes capital reorganization and creditor plans, subject to court approval[16]. - The company proposed a restructuring plan to acquire all shares of Yuming Investment Management Limited to maintain sufficient business operations and asset levels for its listing status[34]. - The company was placed under delisting procedures by the Stock Exchange on February 17, 2015, due to insufficient operational or asset levels[123]. - The company must submit a viable resumption proposal to address unresolved issues, including proving sufficient business or asset value[124]. Shareholder and Capital Structure - Major shareholders included Concept Capital Management Limited with 953,924,891 shares, representing approximately 95.22% of the issued share capital[61]. - The capital structure included 1,001,765,216 issued ordinary shares and convertible bonds with a total principal amount of HKD 609,000,000 convertible at HKD 1.00 per share[27]. - The group issued non-listed ordinary bonds totaling HKD 45,000,000 to eight independent investors, with fixed annual interest rates ranging from 6% to 7%[22]. - The group had outstanding convertible bonds with a total principal amount of HKD 609,000,000 due in November 2015, and RMB 70,000,000 due in January 2016[22]. Audit and Financial Reporting - The financial statements for the year ended June 30, 2015, were audited by Zhonghui Anda CPA Limited[73]. - The auditor was unable to obtain sufficient audit evidence regarding the accuracy and completeness of the financial statements for the years ended June 30, 2015, and June 30, 2014, leading to a refusal to express an opinion[76]. - The company has not provided sufficient evidence to support the existence and completeness of contingent liabilities as of June 30, 2015, and June 30, 2014[86]. - The financial statements are prepared based on the assumption that the company will successfully complete its proposed restructuring[139]. Operational Challenges - The company has lost control over its subsidiaries, leading to the termination of consolidated accounts from January 1, 2014[20]. - The company has not been able to contact or obtain relevant information from its subsidiaries' management since the appointment of the liquidators[18]. - The company’s financial position remains uncertain, with significant ongoing operational challenges and a need for strategic restructuring[96]. Employee and Compensation - The total salary and other compensation for the group amounted to approximately HKD 3,488,000, with an average of about 10 employees[29]. - The company has established a mandatory provident fund retirement benefit plan for eligible employees, with contributions made based on a percentage of employees' basic salaries[165]. Financial Risks - The group faces multiple financial risks, including foreign currency risk, credit risk, liquidity risk, and interest rate risk, with a focus on minimizing adverse impacts on financial performance[190]. - Liquidity risk arises from the group's inability to meet its short-term financial obligations as they fall due[200]. - The group has not established a foreign exchange hedging policy, but it closely monitors foreign exchange risks and considers hedging significant risks when necessary[191].

Financial Performance - The group's consolidated revenue for the year ended June 30, 2014, was approximately HKD 2,617,000,000, a significant decrease from HKD 4,811,000,000 for the year ended June 30, 2013, representing a decline of about 45%[21] - The net loss for the group for the year ended June 30, 2014, was approximately HKD 2,463,800,000, compared to a profit of approximately HKD 155,300,000 for the year ended June 30, 2013, indicating a substantial change in financial performance[21] - The total revenue for the year ended June 30, 2014, was HKD 2,530,664,000, with a cost of sales of HKD 2,406,416,000, resulting in a gross profit of HKD 124,248,000[84] - The operating loss for the year was HKD 2,314,456,000, compared to an operating profit of HKD 280,234,000 for the previous year[84] - The total comprehensive loss for the year amounted to HKD 2,713,867,000, compared to a comprehensive income of HKD 240,498,000 in the previous year[84] - The company reported a significant impairment loss on trade receivables amounting to HKD 2,037,569,000 for the year ended June 30, 2014[84] - The company reported a total loss before tax of HKD (2,464,746) thousand for the year ended June 30, 2014, compared to a profit of HKD 145,021 thousand in 2013[109] - The company reported a loss attributable to owners of approximately HKD 2,464,177,000 for the year ended June 30, 2014[145] Financial Position - As of June 30, 2014, the group had cash and cash equivalents of approximately HKD 3,600,000, a significant decrease from HKD 98,000,000 in 2013[22] - The current ratio as of June 30, 2014, was approximately 0.6%, down from 136% in 2013[22] - Total assets as of June 30, 2014, were approximately HKD 4,900,000, compared to HKD 5,676,500,000 in 2013, indicating a substantial decline[28] - Total liabilities as of June 30, 2014, amounted to HKD 872,400,000, down from HKD 3,769,100,000 in 2013[28] - The group reported a net debt of approximately HKD 867,500,000 as of June 30, 2014, compared to a net asset value of approximately HKD 1,907,400,000 in 2013[28] - The company had a total current liability of HKD 871,816,000 as of June 30, 2014, compared to HKD 3,169,505,000 in the previous year[86] - The total equity attributable to owners of the company was reported at HKD (867,469) thousand, a decline from HKD 1,907,397 thousand in 2013[107] Liquidation and Restructuring - The company has been placed into liquidation as of February 9, 2015, following a court order, and has appointed joint liquidators[13] - The company is undergoing a proposed restructuring plan that includes capital restructuring, subscription matters, and a creditor scheme, which requires creditor approval[17] - The company’s restructuring plan is contingent upon the approval of the creditors and the relevant court[17] - The company has submitted a restructuring proposal to the Hong Kong Stock Exchange, indicating ongoing efforts to address financial challenges[95] - The company plans to acquire Yu Ming Investment Management Limited for a total consideration of HKD 400 million, which will become a wholly-owned subsidiary upon completion[131] - The company is undergoing a restructuring plan that includes a creditor arrangement subject to court approval, which will involve transferring certain claims and assets to a new company[138] Shareholder Information - Major shareholder Concept Capital Management Limited holds approximately 45.42% of the issued share capital, while another significant shareholder, Xue Zhixin, holds about 22.56%[66] - The company has not granted any share options under the new share option plan adopted on June 19, 2013, for the years ended June 30, 2014, and 2013[70] Trading and Market Status - The company’s shares have been suspended from trading on the Hong Kong Stock Exchange since September 18, 2014, due to its financial difficulties[14] - The company was placed under delisting procedures by the Stock Exchange on February 17, 2015, due to insufficient operational or asset levels as per Listing Rule 13.24[126] Legal and Compliance Issues - The company has faced multiple lawsuits in China, which are critical to its ability to continue as a going concern[127] - The independent auditor's report indicated a lack of sufficient audit evidence to support the financial statements for the year ended June 30, 2014[79] - The company has only one independent non-executive director following the liquidation process, which does not comply with listing rules regarding audit committee maintenance[48] Cash Flow and Investments - The company reported a net cash outflow of HKD 132,340,000 for the year, compared to a net outflow of HKD 125,863,000 in the previous year[112] - Cash flow from investing activities was a net outflow of HKD 76,412,000, a significant decrease from a net inflow of HKD 146,765,000 in the previous year[112] - The company recorded a decrease in inventory to HKD 0 thousand from HKD 87,210 thousand in 2013[104] Accounting Policies - The financial statements were prepared on a going concern basis, contingent on the successful completion of a proposed restructuring[145] - The company adopted new and revised Hong Kong Financial Reporting Standards effective from July 1, 2013, with no significant impact on its accounting policies or financial statements[146] - The company recognizes revenue based on the fair value of consideration received or receivable, confirmed upon delivery of goods or when services are consumed[179]