COVID-19 Impact - The Group reported unaudited consolidated interim results for the six months ended June 30, 2020, affected by the COVID-19 pandemic[13]. - The mobile top-up services provided by the Group were disrupted due to strict quarantine measures and travel restrictions imposed by the PRC government[13]. - Offline transaction volumes declined significantly due to the temporary suspension of physical store operations during the COVID-19 epidemic[13]. - Certain companies in the mobile top-up industry were forced to suspend services, leading to a decline in transaction volume and credit sales recovery issues[13]. - The outbreak of COVID-19 resulted in serious impacts on market participants, including credit losses and worsening cash flow positions[13]. - The Group's operations were affected by the inability to replenish working capital for procuring top-up credit due to transaction volume declines[13]. - Future outlook remains cautious due to ongoing uncertainties related to the pandemic and its effects on consumer behavior[13]. Financial Performance - For the six months ended 30 June 2020, the Group recorded a revenue of approximately RMB39.1 million, representing an increase of approximately 55.6% compared to approximately RMB25.1 million for the same period in 2019[25]. - The gross transaction value via electronic banking systems increased by approximately 35.3% to approximately RMB3,771.3 million for the six months ended 30 June 2020 from approximately RMB2,787.8 million for the same period in 2019[26]. - The gross transaction value with mobile users increased by approximately 14.4% to approximately RMB4,092.3 million for the six months ended 30 June 2020 from approximately RMB3,577.9 million for the same period in 2019[26]. - Gross profit increased by approximately 103.5% to RMB 29.7 million for the six months ended June 30, 2020, from RMB 14.6 million for the same period in 2019[30]. - The overall gross profit margin increased to approximately 76.0% for the six months ended June 30, 2020, from approximately 58.1% for the same period in 2019[30]. - Profit for the six months ended 30 June 2020 was approximately RMB17.5 million, compared to a profit of approximately RMB0.4 million for the six months ended 30 June 2019[34]. - The Group reported net current assets of approximately RMB201.7 million as at 30 June 2020, compared to approximately RMB183.6 million as at 31 December 2019[34]. - The current ratio was approximately 4.43 as at 30 June 2020, up from approximately 3.01 as at 31 December 2019[34]. - Total equity as of June 30, 2020, reached RMB 196,535,000, up from RMB 178,993,000 at the end of 2019, indicating an increase of about 9.8%[123]. - The Group's profit before tax for the six months ended June 30, 2020, was impacted by total staff costs of RMB 7,690,000, down from RMB 8,389,000 in 2019, a decrease of 8.3%[163]. Operational Metrics - The number of mobile top-up requests processed by the 007ka top-up platform was approximately 67.8 million, an increase of approximately 22.8% from approximately 55.1 million for the six months ended 30 June 2019[16]. - The decrease in gross transaction values through offline channels was approximately 59.4%, dropping to approximately RMB321.0 million for the six months ended 30 June 2020 from approximately RMB790.1 million for the same period in 2019[26]. - The average discount rate received from PRC telecommunication operators increased from approximately 0.7% for the six months ended 30 June 2019 to approximately 1.0% for the six months ended 30 June 2020[19]. - The average discount rate decreased to 0.8% in July 2020 from 1% for the six months ended 30 June 2020, indicating potential challenges ahead[21]. - The Group's long-term relationships with major PRC banks ensured sufficient cash flow recovery during the COVID-19 epidemic, maintaining liquidity for business operations[16]. Expenses and Costs - Total staff costs decreased to RMB7.7 million for the six months ended June 30, 2020 from RMB8.4 million for the same period in 2019[19]. - Distribution and selling expenses decreased by approximately 49.3% to RMB 2.2 million for the six months ended June 30, 2020, from RMB 4.4 million for the same period in 2019[32]. - Administration expenses increased by approximately 15.5% to RMB 10.6 million for the six months ended June 30, 2020, from RMB 9.2 million for the same period in 2019[32]. - Research and development expenses decreased by approximately 14.1% to RMB 2.9 million for the six months ended June 30, 2020, from RMB 3.3 million for the same period in 2019[32]. - Finance costs decreased by approximately 33.3% to approximately RMB0.6 million for the six months ended 30 June 2020 from approximately RMB0.9 million for the six months ended 30 June 2019[34]. Shareholding and Corporate Governance - The Board did not recommend the payment of interim dividends for the six months ended June 30, 2020, consistent with the previous year[41]. - The Company has complied with all applicable code provisions of the Corporate Governance Code during the six months ended June 30, 2020[43]. - Directors confirmed compliance with the Model Code for Securities Transactions during the six months ended June 30, 2020[43]. - The Company adopted a share option scheme on December 14, 2015, to provide incentives to eligible participants[64]. - No options have been granted, exercised, lapsed, or cancelled under the share option scheme since its adoption up to the date of the interim report[64]. Cash Flow and Assets - Cash and cash equivalents of the Group was approximately RMB87.2 million, down from approximately RMB117.3 million as at 31 December 2019[34]. - The company reported a decrease in cash and cash equivalents at the end of the period to RMB 87,231,000 from RMB 98,909,000 at the end of June 2019, a decline of approximately 11.7%[129]. - The company’s reserves increased to RMB 169,314,000 as of June 30, 2020, compared to RMB 151,772,000 at the end of 2019, reflecting a growth of about 11.5%[123]. - The Group's total assets increased to RMB 196,535,000 as of June 30, 2020, compared to RMB 178,993,000 at the end of 2019, marking an increase of approximately 9.8%[123]. - The Group's trade receivables primarily consist of amounts due from financial institutions related to mobile top-up services, with a typical settlement period of one day from the transaction date[193]. Future Plans and Investments - The Company has not yet identified or committed to any acquisition targets for the use of net proceeds from the global offering[100]. - The expected timeframe for utilizing the remaining proceeds includes upgrading hardware and network infrastructure by 30 June 2021, with HK$8.5 million already utilized[90]. - The expected timeline for utilizing the remaining proceeds is subject to change based on market conditions[99].

Financial Performance - Profit attributable to owners of the Company for the year ended December 31, 2019, was approximately RMB 0.7 million, a significant recovery from a loss of approximately RMB 25.8 million in 2018[15]. - For the year ended 31 December 2019, the Group recorded a revenue of approximately RMB49.8 million, representing a decrease of approximately 17.3% compared to RMB60.3 million for the year ended 31 December 2018[33]. - Gross profit increased by approximately 21.9% to approximately RMB29.6 million for the year ended 31 December 2019 from approximately RMB24.3 million for the year ended 31 December 2018[38]. - The overall gross profit margin increased to approximately 59.5% for the year ended 31 December 2019 from approximately 40.3% for the year ended 31 December 2018[38]. - Profit before tax for the year ended 31 December 2019 was RMB673,000, a significant improvement from a loss of RMB21.6 million for the year ended 31 December 2018, representing a 103.1% change[32]. - Profit attributable to owners of the Company for the year ended 31 December 2019 was RMB665,000, compared to a loss of RMB25.8 million for the year ended 31 December 2018, reflecting a 102.6% change[32]. Market and Industry Challenges - The traditional mobile top-up service is facing increased competition from third-party online platforms like WeChat and Alipay, leading to a decrease in market share[15]. - The Group's market share in traditional top-up channels has decreased due to the rise of social media platforms offering alternative services[15]. - The Group's performance reflects the ongoing challenges in the mobile top-up industry, necessitating strategic adjustments to maintain competitiveness[15]. - The mobile top-up service industry in the PRC is still considered promising despite challenges from fierce competition and economic slowdown[26]. Operational Efficiency and Cost Management - The Company has implemented measures to address the challenges in the mobile top-up service industry, contributing to the turnaround in profitability[15]. - The financial report indicates a focus on improving operational efficiency and customer engagement through various channels[15]. - The Group aims to optimize operational procedures to reduce operating costs and improve workflow efficiency[26]. - Distribution and selling expenses decreased by approximately 40.9% to RMB6.8 million for the year ended 31 December 2019 from RMB11.5 million for the year ended 31 December 2018[32]. - Administrative expenses decreased by approximately 27.9% to approximately RMB20.8 million for the year ended 31 December 2019 from approximately RMB28.8 million for the year ended 31 December 2018[40]. - Finance costs decreased by approximately 64.5% to approximately RMB1.6 million for the year ended 31 December 2019 from approximately RMB4.4 million for the year ended 31 December 2018[40]. Strategic Initiatives and Future Outlook - The Company continues to explore new strategies to enhance its service offerings and adapt to changing market conditions[15]. - Future outlook includes potential expansion into new markets and enhancement of service delivery mechanisms to capture a larger customer base[15]. - The Group plans to enhance cooperation with PRC banks and expand service offerings in existing channels while seeking opportunities with leading internet and e-commerce companies[26]. - The Group has streamlined downstream channels and terminated cooperation with several third-party partners that charged higher commission rates[23]. Human Resources and Employee Management - The Group emphasizes the importance of human resources and offers competitive employment packages to attract and retain talent[192]. - The Group continuously provides on-the-job training and development opportunities to enhance employees' career progression[192]. - The Group's employee turnover rate in 2019 was 42.9%, a decrease of 11.1% compared to 54.0% in 2018[200]. - The Group has established policies and procedures regarding employee dismissal, ensuring compensation is well settled[197]. - The Group has not received any complaints or been involved in legal proceedings related to dismissal matters during the year ended December 31, 2019[197]. Corporate Governance - The Company has complied with the Corporate Governance Code provisions for the year ended 31 December 2019[79]. - The Board consists of eight Directors, including two executive Directors, three non-executive Directors, and three independent non-executive Directors[84]. - The roles of Chairman and CEO are separated, with Mr. Huang Junmou as Chairman and Mr. Yang Hua as CEO, ensuring clear division of responsibilities[86]. - The Company aims to deliver sustainable returns with solid financial fundamentals to enhance long-term returns for Shareholders[80]. - The Company has established board committees to delegate various responsibilities as outlined in their terms of reference[90]. Environmental, Social, and Governance (ESG) Initiatives - The Group's ESG Report for the year ended December 31, 2019, outlines policies in environmental protection, employment practices, operating practices, and community involvement[160]. - The Group emphasizes sustainable development and efficient resource utilization to minimize environmental impact and enhance employee well-being[161]. - The Group aims to reduce GHG emissions by 1,000 Kg or 3.4% for the year ending December 31, 2020[176]. - The Group has implemented measures such as encouraging video conferencing and public transportation to minimize GHG emissions[176]. - The Group complies with all relevant environmental laws and regulations as of December 31, 2019[174].

Financial Performance - Revenue for the six months ended June 30, 2019, was RMB 25,124,000, a decrease from RMB 26,428,000 in the same period of 2018, representing a decline of approximately 4.9%[107]. - Gross profit increased to RMB 14,603,000, compared to RMB 8,529,000 in the previous year, marking a significant increase of approximately 71.5%[107]. - Profit before tax was RMB 351,000, a recovery from a loss of RMB 12,897,000 in the same period last year[107]. - Total comprehensive income attributable to owners of the Company was RMB 351,000, compared to a loss of RMB 12,897,000 in the previous year[107]. - The profit attributable to owners of the Company for the six months ended June 30, 2019, was approximately RMB 0.4 million, compared to a loss of approximately RMB 12.9 million for the same period in 2018[26]. - The Group recorded a revenue of approximately RMB25.1 million, representing a decrease of approximately 4.9% compared to RMB26.4 million for the same period in 2018[27]. - The gross transaction value with mobile users decreased by approximately 33.0% to approximately RMB3,577.9 million for the six months ended June 30, 2019, down from approximately RMB5,337.6 million for the same period in 2018[27]. - The gross transaction value via electronic banking systems increased by approximately 12.8% to approximately RMB2,787.8 million for the six months ended June 30, 2019, compared to RMB2,472.3 million for the same period in 2018[21]. Market Dynamics - The Group primarily engages in providing mobile top-up services through various channels, including electronic banking systems and third-party online platforms[19]. - The competition in the mobile top-up service industry has intensified, leading to a decrease in market share for traditional top-up channels[19]. - Discount rates offered by operators and major distributors have declined, impacting revenue[19]. - The Group's mobile top-up amounts by users have decreased due to competitive pressures from social media platforms[19]. - The mobile top-up service industry in the PRC is facing challenges due to fierce competition and a downward trend in discount rates offered by operators and distributors[26]. - The Group's performance reflects the challenges faced in the traditional mobile top-up service sector[19]. Strategic Initiatives - The Group is exploring new strategies to adapt to the changing market dynamics and enhance service offerings[19]. - Future outlook includes potential expansion into new markets and enhancement of digital service capabilities[19]. - The Group aims to leverage technology to improve user experience and increase transaction volumes[19]. - Ongoing research and development efforts are focused on innovative solutions to meet evolving customer needs[19]. - The Group aims to enhance cooperation with PRC banks and operators while expanding service offerings in existing channels[26]. - The Group will actively seek opportunities to cooperate with leading internet and e-commerce companies to increase market share in those channels[26]. - The Group plans to optimize operational procedures to reduce operating costs and improve workflow efficiency[26]. Financial Position - As of June 30, 2019, cash and cash equivalents were approximately RMB98.9 million, down from approximately RMB115.8 million as of December 31, 2018[32]. - The Group reported net current assets of approximately RMB183.0 million as of June 30, 2019, compared to approximately RMB182.9 million as of December 31, 2018[32]. - The Group's current ratio was approximately 2.96 as of June 30, 2019, compared to approximately 2.36 as of December 31, 2018[32]. - The Group's bank borrowings decreased by 50.0% to RMB20.0 million as of June 30, 2019, from RMB40.0 million as of December 31, 2018[33]. - Trade receivables increased from approximately RMB118.3 million for the year ended December 31, 2018, to approximately RMB121.6 million for the year ended June 30, 2019, reflecting an increase in transactions with longer credit periods[33]. - The trade receivables turnover days increased to 6 days for the six months ended June 30, 2019, compared to 3 days for the year ended December 31, 2018[33]. - The Group's gearing ratio decreased to approximately 0.11 as of June 30, 2019, from approximately 0.22 as of December 31, 2018, primarily due to the decrease in bank borrowings[33]. Cost Management - Cost of revenue decreased by approximately 41.2% to approximately RMB10.5 million for the six months ended June 30, 2019, from approximately RMB17.9 million for the same period in 2018[29]. - Distribution and selling expenses decreased by approximately 25.2% to approximately RMB4.4 million for the six months ended June 30, 2019, from approximately RMB5.8 million for the same period in 2018[30]. - Administration expenses decreased by approximately 33.0% to approximately RMB9.2 million for the six months ended June 30, 2019, from approximately RMB13.7 million for the same period in 2018[30]. - Research and development expenses decreased by approximately 28.7% to approximately RMB3.3 million for the six months ended June 30, 2019, from approximately RMB4.7 million for the same period in 2018[30]. - Finance costs decreased by approximately 59.2% to approximately RMB0.9 million for the six months ended June 30, 2019, from approximately RMB2.1 million for the same period in 2018[32]. - Total staff costs decreased to RMB 8,389,000 in 2019 from RMB 12,362,000 in 2018, indicating a reduction of approximately 32%[191]. Corporate Governance - The Company complied with all applicable code provisions of the Corporate Governance Code during the six months ended June 30, 2019[50]. - The Company is committed to maintaining high standards of corporate governance to safeguard shareholder interests[50]. - The Directors confirmed compliance with the required standard of dealing as set out in the Model Code during the six months ended June 30, 2019[50]. - The Company will continue to review its corporate governance structure and make necessary changes when appropriate[50]. - The Audit Committee comprises three independent non-executive Directors, ensuring compliance with financial reporting and risk management[84]. - The unaudited consolidated interim results for the six months ended June 30, 2019, have been reviewed and agreed upon by the Audit Committee and external auditors[85]. Share Capital and Ownership - As of June 30, 2019, the total issued share capital of the Company was 415,000,000 Shares[60]. - Mr. Huang Junmou holds 94,500,000 Shares, representing approximately 22.77% of the issued share capital[54]. - Mr. Yang Hua holds 63,000,000 Shares, representing approximately 15.18% of the issued share capital[54]. - Mr. Li Xiangcheng holds 56,100,000 Shares, representing approximately 13.52% of the issued share capital[54]. - Mr. Xu Xinhua holds 26,400,000 Shares, representing approximately 6.36% of the issued share capital[54]. - Fun Charge Technology holds 94,500,000 shares, representing 22.77% of the issued share capital[68]. - Happy Charge Technology owns 63,000,000 shares, accounting for 15.18% of the issued share capital[68]. - Cool Charge Technology has 56,100,000 shares, which is 13.52% of the issued share capital[68]. - China Charge Technology Limited possesses 60,000,000 shares, equating to 14.46% of the issued share capital[68]. - Enjoy Charge Technology holds 26,400,000 shares, representing 6.36% of the issued share capital[68]. Lease Accounting - The Group has applied HKFRS 16 for the first time in the current interim period, which supersedes HKAS 17 Leases[132]. - Right-of-use assets are recognized at the commencement date of the lease and measured at cost, less accumulated depreciation and impairment losses[141]. - Lease liabilities are recognized at the present value of unpaid lease payments at the commencement date, using the incremental borrowing rate if the implicit interest rate is not readily determinable[143]. - The Group presents right-of-use assets as a separate line item on the condensed consolidated statement of financial position[141]. - The Group's financial statements for the six months ended June 30, 2019, reflect the application of HKFRS 16, impacting accounting policies significantly[145]. - The Group applies short-term lease exemptions for employee accommodation leases with a term of 12 months or less, excluding purchase options[139]. Cash Flow and Investments - Net cash from operating activities for the six months ended June 30, 2019, was RMB 2,873,000, down from RMB 53,794,000 in 2018[121]. - Net cash from investing activities was RMB 1,358,000, compared to RMB 2,549,000 in the same period of 2018[124]. - Proceeds from bank borrowings amounted to RMB 20,000,000, while repayments totaled RMB 40,000,000, resulting in a net cash used in financing activities of RMB 21,229,000[124]. - Cash and cash equivalents at the end of the period were RMB 98,909,000, down from RMB 155,229,000 at the end of June 2018[124]. - The unutilized portion of the net proceeds is deposited in reputable banks in Hong Kong[96].

Financial Performance - The Group's revenue declined by approximately 27.7% to approximately RMB60.3 million in 2018 compared to approximately RMB83.3 million in 2017[14]. - The loss attributable to owners of the Company for the year ended December 31, 2018, increased by 35.7% to approximately RMB25.8 million from approximately RMB19.0 million for the year ended December 31, 2017[19]. - Gross profit decreased by approximately 43.9% to approximately RMB24.3 million for the year ended December 31, 2018 from approximately RMB43.4 million for the year ended December 31, 2017[35]. - The overall gross profit margin decreased to approximately 40.3% for the year ended December 31, 2018 from approximately 52.0% for the year ended December 31, 2017[35]. - The Group's revenue for the year ended 31 December 2018 was approximately RMB60.3 million, a decrease of approximately 27.7% from approximately RMB83.3 million for the year ended 31 December 2017[31]. Mobile Top-Up Services - The number of mobile top-up requests processed by the 007ka top-up platform was approximately 135.2 million in 2018, representing a decrease of approximately 5.8% compared to 143.5 million in 2017[14]. - The gross transaction value with mobile users decreased by approximately 11.9% to approximately RMB10,601.6 million in 2018 from approximately RMB12,038.5 million in 2017[14]. - The average discount rate received from PRC telecommunication operators decreased from approximately 0.7% in 2017 to approximately 0.6% in 2018[14]. - The intensified competition in the mobile top-up service industry contributed to the decline in both mobile top-up requests and average discount rates[14]. - The Group aims to deepen cooperation with PRC banks and expand service offerings in existing channels to enhance user volume and satisfaction[21]. Operational Efficiency - The Group will continue to optimize operational procedures to reduce operating costs and improve workflow efficiency[21]. - Distribution and selling expenses decreased by approximately 27.1% to RMB11.5 million in 2018 from RMB15.8 million in 2017[29]. - Research and development expenses decreased by approximately 29.3% to RMB9.2 million in 2018 from RMB13.0 million in 2017[29]. - The gross transaction value via electronic banking systems decreased by approximately 13.4% to approximately RMB5,539.8 million for the year ended December 31, 2018 from approximately RMB6,395.9 million for the year ended December 31, 2017[33]. - The gross transaction value through offline channels decreased by approximately 66.8% to approximately RMB189.6 million for the year ended December 31, 2018 from approximately RMB571.2 million for the year ended December 31, 2017[33]. Financial Position - Cash and cash equivalents decreased to approximately RMB115.9 million as at 31 December 2018, down from approximately RMB144.8 million as at 31 December 2017[55]. - Trade receivables increased from approximately RMB58.3 million for the year ended 31 December 2017 to approximately RMB118.3 million for the year ended 31 December 2018, reflecting a higher proportion of transactions with longer credit periods[58]. - Total bank borrowings decreased by approximately 67.7% to about RMB40.0 million as at 31 December 2018, down from approximately RMB124.0 million as at 31 December 2017[57]. - The current ratio improved to approximately 2.36 as at 31 December 2018, compared to approximately 1.98 as at 31 December 2017[55]. - The gearing ratio decreased to approximately 0.22 as of December 31, 2018, down from approximately 0.61 in 2017, primarily due to a reduction in bank borrowings[63]. Corporate Governance - The Company is committed to maintaining high standards of corporate governance to safeguard shareholder interests[109]. - The roles of Chairman and CEO are separated, with Mr. Huang Junmou as Chairman and Mr. Yang Hua as CEO, ensuring clear division of responsibilities[122]. - The Board comprises eight Directors, including two executive Directors, three non-executive Directors, and three independent non-executive Directors[120]. - The Company has complied with the Corporate Governance Code provisions for the year ended December 31, 2018[110]. - The Board will continue to review and enhance its corporate governance practices to align with the latest developments[110]. Leadership and Management - Mr. Yang Hua has been the CEO since June 18, 2014, and is responsible for overall management and business development[79]. - The company has a strong leadership team with extensive experience in software engineering and information technology services[79][81][86][87]. - The management team has a history of working in significant roles within reputable companies, enhancing the company's strategic direction[86][87]. - The leadership team has a solid educational background, with degrees in applied mathematics, computer applications, and power engineering[82][92]. - Mr. Lin Zhangxi has over 23 years of experience in the information systems industry and has held multiple academic and research positions[93]. Environmental, Social, and Governance (ESG) - The Group emphasizes environmental protection and sustainable development, striving to utilize resources efficiently and effectively to reduce environmental impacts[189]. - The Group's ESG strategy and reporting are overseen by the Board, which has established an ESG working team to identify relevant issues[189]. - The Group's total GHG emissions as of December 31, 2018, were 27,204.1 Kg, an increase of 4,298.2 Kg compared to 22,905.9 Kg as of December 31, 2017[200]. - The Group complies with all relevant environmental laws and regulations as of December 31, 2018[199]. - The Group promotes environmental awareness among employees and has implemented various environmental-friendly measures in the workplace[200].