Financial Performance - The operating revenue for the six months ended June 30, 2019, was approximately RMB 1,100,000, a significant decrease of about 94.17% compared to RMB 18,860,000 for the same period in 2018[34]. - The gross loss for the period was approximately RMB 910,000, with a gross margin of -82.91%, compared to a gross profit of RMB 3,110,000 and a gross margin of 16.47% for the same period in 2018[37]. - The loss attributable to owners of the company for the period was approximately RMB 11,640,000, a decrease from RMB 11,880,000 for the same period in 2018[47]. - Revenue for the six months ended June 30, 2019, was RMB 1,100,000, a significant decrease of 94.2% compared to RMB 18,862,000 in the same period of 2018[135]. - Gross loss for the same period was RMB 912,000, compared to a gross profit of RMB 3,106,000 in 2018, indicating a shift in financial performance[135]. - The net loss from continuing operations before tax was RMB 12,279,000, slightly higher than the loss of RMB 11,751,000 in the previous year, reflecting ongoing challenges[135]. Revenue and Expenses - The cost of sales decreased from approximately RMB 15,760,000 to about RMB 2,010,000, a reduction of approximately 87.25%[35]. - Other income and gains increased significantly to approximately RMB 810,000 from RMB 170,000, an increase of about RMB 640,000[38]. - Selling and distribution expenses were approximately RMB 10,000, a decrease from RMB 4,530,000, representing only 0.73% of the revenue for the period[39]. - Administrative expenses slightly decreased by approximately RMB 630,000 or 6.08% to about RMB 9,740,000[41]. - Financial costs increased from approximately RMB 40,000 to about RMB 230,000 due to the adoption of IFRS 16[46]. Business Operations - The group is in the process of selling two joint ventures related to commodity trading, resulting in no revenue from that segment during the period[34]. - The marble business generated revenue of approximately RMB 1,100,000 during the period, compared to RMB 1,860,000 for the six months ended June 30, 2018[48]. - A total of 601 cubic meters of marble blocks were produced, and 1,914 cubic meters were sold during the period[48]. - The company plans to continue developing the Yiduo Rock project, which has a mining capacity of 20,000 cubic meters per year for a duration of 10 years[52]. - The cost of mining activities was approximately RMB 1,280,000, with an expenditure of about RMB 2,138 per cubic meter, an increase from RMB 1,006 per cubic meter for the same period in 2018[58]. - The company aims to enhance product recognition and market presence by appointing a distributor for all sales and distribution activities[61]. - The company is actively seeking targeted acquisition opportunities to expand its marble resource and reserves in China[62]. - The marble business segment has adjusted its operations to sell exclusively to distributors, minimizing sales and distribution expenses[48]. - The company anticipates steady growth in marble demand in the coming years due to increased market exposure and recognition[48]. - No revenue was generated from the commodity trading business during the period, compared to RMB 17,000,000 for the six months ended June 30, 2018[50]. - The company has terminated its lending business due to market challenges and is focusing on its core operations[51]. Investments and Financial Position - The group holds significant investments in listed companies, with a total fair value of approximately HKD 4,965,565,000 as of June 30, 2019, resulting in a loss of HKD 1,220,715,000 during the period[64]. - The group plans to continue seeking attractive investment opportunities to enhance shareholder returns, particularly in companies benefiting from the "Belt and Road" initiative and the Greater Bay Area[68]. - The group completed the sale of various subsidiaries, including the sale of 51% of Gao Peng Manganese Co., Ltd. for HKD 5,650,000, with the transaction deadline extended to September 30, 2019[92][93]. - The group's liquidity is primarily allocated to mining development and operations, funded through shareholder contributions and cash generated from business operations[94]. - As of June 30, 2019, the group had cash and cash equivalents of approximately RMB 29,130,000, a significant increase from RMB 2,660,000 as of December 31, 2018[96]. - The current ratio as of June 30, 2019, was approximately 7.49 times, up from 5.51 times as of December 31, 2018, indicating improved liquidity[96]. - The total employee cost for the period was approximately RMB 3,830,000, with around 40 full-time employees in Hong Kong and China[99]. - The company reported a basic and diluted loss per share of RMB 0.30 for the period, consistent with the loss per share of RMB 0.31 in 2018[137]. - The company experienced a foreign exchange gain of RMB 463,000, compared to a gain of RMB 792,000 in the previous year, reflecting currency fluctuations[144]. Corporate Governance and Compliance - The board has resolved not to declare an interim dividend for the six months ended June 30, 2019, consistent with the previous year[89]. - The company is committed to maintaining high standards of corporate governance to enhance shareholder value and transparency[119]. - The company’s independent non-executive directors are expected to actively participate in board meetings and shareholder meetings[120]. - The company has adopted the standards for directors' securities trading as per the listing rules, confirming compliance during the reporting period[122]. - The company did not buy, sell, or redeem any of its listed securities during the reporting period[123]. - There were no significant events requiring disclosure from June 30, 2019, to the report date[132]. Accounting Standards and Financial Reporting - The financial statements for the six months ending June 30, 2019, are prepared in accordance with International Accounting Standard 34, ensuring compliance with international financial reporting standards[174]. - The adoption of IFRS 16 has been implemented using a modified retrospective approach, affecting the accounting treatment of leases from January 1, 2019[180]. - The company has not restated comparative figures for 2018 under IFRS 16, continuing to report based on IAS 17[180]. - The new definition of leases under IFRS 16 applies only to contracts entered into or modified after January 1, 2019, impacting future lease accounting[181]. - The company has chosen not to separate non-lease components from lease components, treating them as a single lease component for accounting purposes[181]. - The adoption of IFRS 16 resulted in an increase of RMB 1,859,000 in right-of-use assets[187]. - Total assets increased by RMB 1,850,000 due to the recognition of lease liabilities[187]. - Lease liabilities increased by RMB 1,850,000 as of January 1, 2019, reflecting the present value of remaining lease payments[187]. - The weighted average incremental borrowing rate used on January 1, 2019, was 8%[193]. - The company opted for short-term lease exemptions for leases with a term of twelve months or less[189]. - The new accounting policy for right-of-use assets includes initial direct costs and adjustments for any lease incentives received[194]. - The company has determined that it does not have renewal options for its building leases, thus renewal periods are not included in the lease term[199].

Financial Performance - The company's revenue for the year ended December 31, 2018, was approximately RMB 38,750,000, a decrease of 8.92% compared to RMB 42,540,000 in 2017[10] - The gross profit for 2018 was RMB 8,506,000, down 14.34% from RMB 9,930,000 in the previous year[8] - The annual loss attributable to the owners of the company increased significantly to approximately RMB 49,530,000, compared to RMB 43,170,000 in 2017, due to increased operating costs[10] - The group's operating revenue for the year was approximately RMB 38,750,000, a decrease of about 8.92% compared to RMB 42,540,000 in the previous fiscal year[14] - The group's gross profit was approximately RMB 8,510,000, with a gross margin of 21.95%, down from RMB 9,930,000 and a gross margin of 23.34% in the previous fiscal year, reflecting a decline of about 14.34%[16] - Selling and distribution expenses increased to approximately RMB 6,620,000, accounting for about 17.09% of total revenue, compared to 5.29% in the previous fiscal year[18] - The company reported a loss attributable to owners of approximately RMB 49,530,000, an increase from RMB 43,170,000 in the previous fiscal year, mainly due to increased selling and distribution expenses and impairment losses[24] - The basic and diluted loss per share for 2018 was RMB 1.28, compared to RMB 1.16 in 2017, reflecting an increase of 10.34%[8] Assets and Liabilities - The total assets of the company decreased by 22.05% to RMB 111,971,000 in 2018 from RMB 143,644,000 in 2017[8] - The company's equity attributable to owners decreased by 35.94% to RMB 83,089,000 in 2018 from RMB 129,695,000 in 2017[8] - As of December 31, 2018, the company had cash and cash equivalents of approximately RMB 2,660,000, a decrease from RMB 19,270,000 in 2017[65] - The current ratio as of December 31, 2018, was approximately 5.51 times, down from 26.97 times in the previous year, indicating a significant change in liquidity[65] - As of December 31, 2018, the group had authorized but not contracted capital commitments of approximately RMB 27,750,000, primarily related to the construction and acquisition of properties, plants, and equipment for development purposes[69] Production and Sales - The production of marble blocks was 5,526 cubic meters, an increase of 12.50% from 4,912 cubic meters in 2017[8] - The sales volume of marble blocks was 3,824 cubic meters, a decrease of 41.03% compared to 6,485 cubic meters in the previous year[8] - The average selling price of marble blocks (excluding VAT) increased by 10.75% to RMB 2,575 from RMB 2,325 in 2017[8] - Revenue from marble block sales was RMB 7,854,000, accounting for 20.27% of total revenue, while commodity trading generated RMB 30,892,000, representing 79.73% of total revenue[14] - The company produced a total of 5,526 cubic meters of marble block and sold 3,824 cubic meters, generating revenue of approximately RMB 7,800,000 from this segment[28] Business Strategy and Expansion - The company is actively seeking opportunities to acquire companies holding mining licenses for marble projects in China to expand its product offerings[10] - The group plans to explore new investment opportunities across China and aims to expand through acquisitions to enhance profitability and provide stable returns to shareholders[11] - The group aims to diversify its business and enhance competitiveness by recruiting industry experts and capturing new business opportunities through targeted acquisitions[28] - Future growth plans include targeted acquisitions to increase marble resources and reserves, as well as expanding commodity trading operations to diversify revenue sources[62] Risks and Challenges - The company faces risks due to its limited operating history and ongoing development stage of the Yiduo Rock project[48] - The company relies heavily on the Yiduo Rock project, which is currently in the development stage and faces multiple operational risks, potentially affecting profitability[50] - The mining industry is characterized by high inherent risks, including geological, environmental, and market volatility factors that could disrupt operations and impact financial performance[51] - A limited number of customers account for a significant portion of revenue, making the company vulnerable to fluctuations in orders from these key clients[54] - The company plans to slow down the development pace of the Yiduo Rock project due to the economic slowdown in China, with no exploration activities conducted in the current year[58] Corporate Governance - The company has committed to maintaining high levels of corporate governance to enhance shareholder value and accountability[110] - The board believes that providing internal guidelines and training materials related to the standard code in Chinese will help directors understand the trading prohibitions during the blackout period[116] - The board has been compliant with the listing rules, appointing at least three independent non-executive directors, constituting at least one-third of the board[121] - The board consists of eleven members, including four independent non-executive directors, enhancing critical oversight of management processes[151] - The company has established a clear framework for the nomination of directors, considering integrity, qualifications, and relevant experience[152] Compliance and Internal Control - The company has established compliance procedures to ensure adherence to applicable laws and regulations, achieving full compliance in all significant aspects during the year[196] - The company is committed to implementing stricter and more regulatory internal control and risk management procedures in the new fiscal year[157] - The board has engaged external consultants to continuously review the effectiveness of the internal control and risk management systems, covering all major businesses[158] Environmental and Social Responsibility - The company has implemented various environmental measures to minimize operational impact, including land restoration and waste recycling[195] - The company has not encountered any significant labor disputes or safety incidents during the year, ensuring stable operations[194] Investments and Financial Assets - The group held significant investments in listed companies, with a total investment cost of HKD 11,395,989.32 and a market value of HKD 10,014,200.00, resulting in unrealized losses of HKD 1,381,789.32[72] - The investment in Guosheng Investment Fund Co., Ltd. recorded revenue of approximately HKD 8,492,000 and a net loss of approximately HKD 21,002,000 for the six months ended June 30, 2018[75] - The company sold a total of 11,940,000 shares of Base Champion Group Holdings Limited between October 20, 2017, and February 9, 2018, generating total proceeds of HKD 2,573,440[104] - The company has no specific plans for significant investments or capital asset purchases as of December 31, 2018[106]