Financial Performance - Revenue for the three months ended June 30, 2022, was approximately HK$40,836,000, a decrease of 67.5% compared to approximately HK$125,446,000 for the same period last year[7][9]. - Loss attributable to owners of the Company was approximately HK$4,664,000 for the three months ended June 30, 2022, compared to a loss of approximately HK$4,432,000 for the same period last year[8][10]. - For the three months ended 30 June 2022, the Group recorded total revenue of approximately HK$40,836,000, representing a decrease of approximately 67.45% compared to HK$125,446,000 for the same period last year[55]. - The gross profit for the period was approximately HK$3,054,000, down from HK$24,811,000 in the previous year, indicating a significant decline in profitability[67]. - The total comprehensive loss for the period was approximately HK$11,899,000, compared to a total comprehensive income of HK$509,000 for the same period last year[70]. - The basic and diluted loss per share for the period was HK$1.41 cents, compared to HK$1.35 cents for the same period last year[67]. - The consolidated profit/(loss) before tax for Q2 2022 was a loss of HK$5,410,000, compared to a profit of HK$926,000 in Q2 2021[107]. - The total profit for reportable segments was HK$3,443,000 in Q2 2022, compared to a profit of HK$11,679,000 in Q2 2021, indicating a decrease of about 70.5%[100]. Revenue Sources - Revenue generated from intelligent advertising and railroad media services for the three months ended June 30, 2022, was approximately HK$40,411,000[19][21]. - Revenue from agricultural, forestry, and consumer products was approximately HK$107,000 for the three months ended June 30, 2022[24][28]. - Revenue derived from short-term leasing of the commercial portion of the property was approximately HK$318,000 for the three months ended 30 June 2022[34]. - The Group's mobile advertising media services generated revenue of approximately HK$40,411,000, a decrease from HK$124,335,000 in the previous year[84]. - The Group's rental income for the period was approximately HK$308,000, slightly down from HK$346,000 in the previous year[84]. Investment and Growth Strategies - The Company is focusing on diversifying applications of its proprietary Big Data and AI technological platforms to find new growth opportunities[13][15]. - The Group is actively seeking suitable investment opportunities in the business travel service market, particularly in business travel management[17][18]. - The Company is gradually shifting its focus from growing agricultural and forestry products to building its brand on various online selling platforms[20][22]. - The Group aims to maintain high standards for supply-chain risk management and is observing industries of interest for potential investment opportunities[26][27]. - The Group is exploring new investment opportunities in key areas, particularly in recyclable materials and the transportation industry[27]. - The Group is actively seeking investment opportunities in stable and high-demand products, particularly in renewable energy and recyclable materials sectors[41]. - The Group plans to broaden the application of its AI technology platform to create new growth opportunities amid ongoing digital transformation[40]. - The Group will focus on the travel sector, especially business travel management, as it recovers quickly in China[45]. Financial Position - As at 30 June 2022, the Group's cash and bank deposits amounted to approximately HK$12,905,000, a decrease of approximately 33.27% from HK$19,339,000 as at 31 March 2022[46]. - The Group had net current liabilities of approximately HK$10,401,000 as at 30 June 2022, compared to HK$5,679,000 as at 31 March 2022[46]. - The Group's gearing ratio was approximately 128% as at 30 June 2022, unchanged from 31 March 2022[53]. - The accumulated losses attributable to owners of the Company increased to HK$284,338,000 as of June 30, 2022, from HK$279,674,000 on April 1, 2022[121]. Corporate Governance - The Company has complied with the Corporate Governance Code throughout the three months ended June 30, 2022[143]. - The Audit Committee comprises three independent non-executive Directors and regularly reviews the effectiveness of the internal control system and the Group's reports[151]. - The Nomination Committee reviews the composition of the Board and nominates suitably qualified candidates as necessary[152]. - The Remuneration Committee determines the policy for the remuneration of directors and senior management of the Group[153]. - The Company’s audit committee regularly reviews the effectiveness of the internal control systems and meets with senior management to discuss quarterly, interim, and annual reports[155]. Shareholder Information - As of June 30, 2022, Mr. Zhao Xinyan holds a total of 49,128,000 shares, representing approximately 14.88% of the issued share capital of the Company[160]. - Ms. Ng Mui King, Joky owns 33,792,000 shares, which accounts for about 10.23% of the Company's issued share capital[171]. - Win Bless Limited, beneficially owned by Mr. Zhao Xinyan, holds 47,378,000 shares, representing approximately 14.35% of the issued share capital[171]. - Gold City Assets Holdings Ltd., beneficially owned by Ms. Ng Mui King, Joky, holds 33,792,000 shares, accounting for approximately 10.23% of the issued share capital[171]. - Ms. Lin Shunping owns 19,900,000 shares, which is about 6.03% of the Company's issued share capital[171]. - No other individuals, apart from Directors or the chief executive, have disclosed interests or short positions in the shares of the Company exceeding 5% as of June 30, 2022[168]. - The Company has not entered into any arrangements that would enable Directors or the chief executive to acquire benefits through the acquisition of shares during the three months ended June 30, 2022[164]. - The Company has not redeemed any of its shares during the three months ended June 30, 2022, and neither the Company nor any of its subsidiaries has purchased or sold any of the Company's shares during this period[178].

Financial Performance - The Group recorded a total turnover of approximately HK$323,634,000 for the year ended 31 March 2022, representing a decrease of approximately 36% compared to HK$505,709,000 from the previous year[17]. - Loss attributable to owners of the Company for the year was approximately HK$41,082,000, an increase of approximately 85.9% from HK$22,099,000 in 2021[17]. - The total revenue for the year ended March 31, 2022, was approximately HKD 323,634,000, a decrease of about 36% from approximately HKD 505,709,000 in the previous year[19]. - The loss attributable to the owners of the company for the year was approximately HKD 41,082,000, an increase of about 85.9% compared to HKD 22,099,000 in the previous year[19]. - Administrative and other operating expenses increased to approximately HK$53,417,000, up approximately 13% from HK$47,252,000 in the previous year, mainly due to increased research and development expenses[100]. Dividend Policy - The Board did not recommend the payment of any dividend for the year, consistent with the previous year[17]. - The company does not recommend the payment of any dividends for the year, consistent with the previous year[19]. - The Company has adopted a dividend policy, with the Board having the discretion to declare dividends based on various financial factors[195]. - The Board will consider the Group's financial performance, working capital needs, and future expansion plans when proposing dividend payouts[196]. Strategic Focus and Opportunities - The Group is actively seeking investment opportunities in sectors less impacted by the current economic context, focusing on high-demand industries such as consumer markets and material supply chains[16]. - The Group aims to leverage its established supply chain network to expand into promising market segments such as recyclable materials and renewable energy[18]. - The Group's strategic focus includes exploring new sectors that build on its technological expertise accumulated over the years[16]. - The Group is actively seeking investment opportunities in high-demand sectors such as renewable energy and recyclable materials[88]. - The Group is focusing on diversifying applications of its proprietary Big Data and AI technological platforms to find new growth opportunities amid market challenges[62]. Economic and Market Conditions - The ongoing COVID-19 pandemic and geopolitical tensions have significantly disrupted supply chains and increased costs[15]. - The economic slowdown due to the pandemic and other global crises has created challenges for the Group's performance[15]. - The ongoing global economic challenges, including the impact of COVID-19 and the Ukraine war, have prompted the company to seek investment opportunities in less affected sectors[19]. - The ongoing geopolitical and economic uncertainties are dampening business confidence and investment, further weakening short-term economic prospects[82]. - Global economic growth is projected to slow from an estimated 6.1% in 2021 to 3.6% in 2022 and 2023, with further decline to about 3.3% over the medium term[90]. Technology and Innovation - The management team will focus on diversifying applications of technological blocks in Big Data and Artificial Intelligence to expand into digitizing market segments[18]. - The management team will focus on diversifying applications based on the established technology foundation in big data and artificial intelligence, which is key for expansion into digital market segments[20]. - The Group plans to broaden the application of its AI technology platform to create new growth opportunities amid ongoing digital transformation[83]. - The ERP data operation analysis system and intelligent business management system were developed and operated by the head of the business travel service department, showcasing the company's focus on technology[40]. Human Resources and Corporate Governance - The Company provides employee benefits, including medical insurance and provident fund, in addition to salary adjustments based on performance[121]. - As of 31 March 2022, the Group had approximately 85 employees, a decrease from 135 employees in the previous year[119]. - The Company has adopted the required standard of dealings for Directors' transactions in securities, confirming compliance throughout the year ended March 31, 2022[125]. - The Company has committed to maintaining high standards of corporate governance, complying with the Corporate Governance Code throughout the year[124]. - The Board comprises three executive Directors, one non-executive Director, and three independent non-executive Directors, ensuring diverse professional experience[133]. Internal Control and Risk Management - The Group's internal control system has been reviewed to provide reasonable assurance against material misstatements and to manage risks[182]. - The Group has implemented internal control policies aimed at safeguarding assets and ensuring the accuracy of financial records[187]. - The Audit Committee reviewed the internal control and risk management systems to ensure effective management[148]. - No significant risk and control deficiencies were identified in the internal control review conducted by an independent professional firm[191]. Revenue Breakdown - Revenue generated from intelligent advertising and railroad media services for the year ended March 31, 2022, was approximately HK$299,784,000[67]. - Revenue from the sales of agricultural, forestry, and consumer products for the year ended March 31, 2022, was approximately HK$22,507,000[71]. - The supply-chain business generated revenue of approximately HK$4,000 for the year ended March 31, 2022[75]. - Revenue from short-term leasing of the commercial portion of the property was approximately HK$1,339,000 for the year ended March 31, 2022[81].

Financial Performance - Revenue for the three months and nine months ended 31 December 2021 was approximately HK$66,363,000 and HK$291,024,000 respectively, compared to HK$125,800,000 and HK$363,395,000 for the corresponding periods of last year, representing a decrease of approximately 47.3% and 19.9%[8] - Loss attributable to owners of the Company was approximately HK$5,692,000 and HK$14,234,000 for the three months and nine months ended 31 December 2021, compared to losses of HK$1,523,000 and HK$9,700,000 for the same periods last year, indicating an increase in loss of approximately 274.5% and 46.5%[8] - The Group recorded total revenue of approximately HK$291,024,000 for the nine months ended 31 December 2021, representing a decrease of approximately 19.9% compared to HK$363,395,000 for the same period last year[53] - Total comprehensive loss for the period was approximately HK$10,153,000 for the nine months ended 31 December 2021, compared to a total comprehensive income of HK$2,450,000 for the same period last year[66] - Total comprehensive loss for the nine months ended December 31, 2021, was HK$14,234,000, compared to a loss of HK$9,700,000 for the same period in 2020[102] Revenue Breakdown - Revenue from intelligent advertising and railroad media services was approximately HK$65,726,000 and HK$269,486,000 for the three months and nine months ended 31 December 2021[17] - Revenue generated from agricultural, forestry, and consumer products was approximately HK$320,000 and HK$20,502,000 for the three months and nine months ended 31 December 2021[21] - Revenue from agricultural and consumer products for the three and nine months ended December 31, 2021, was approximately HK$320,000 and HK$20,502,000 respectively[22] - Revenue from the supply chain business during the transitional period for the three and nine months ended December 31, 2021, was approximately HK$0 and HK$4,000 respectively[26] - Revenue from short-term leasing of the commercial portion of the property for the three and nine months ended December 31, 2021, was approximately HK$317,000 and HK$1,032,000 respectively[30] Strategic Focus and Development - The Company is focusing on diversifying applications of its proprietary Big Data and AI technological platforms to adapt to market challenges and enhance its service offerings[11] - The Group is exploring new opportunities in the railroad media business, including on-board services and shopping capabilities, leveraging its intelligent advertising experience[15] - The Company plans to shift its focus from agricultural production to building its brand on online platforms for its own-brand products[20] - The Group aims to improve its technological capabilities to handle data traffic from the increasing number of high-speed railroad passengers[16] - The Group aims to broaden the application of its AI technology platform to create new growth opportunities in investment and high data traffic processing for digital marketing[35] Financial Position - As of December 31, 2021, the Group's cash and bank deposits amounted to approximately HK$22,509,000, an increase of approximately 80.96% compared to HK$12,439,000 as of March 31, 2021[40] - The Group had net current assets of approximately HK$27,299,000 as of December 31, 2021, compared to HK$27,822,000 as of March 31, 2021[40] - The Group's debt-to-equity ratio was approximately 71% as at 31 December 2021, down from 78% as at 31 March 2021, mainly due to an increase in cash and bank deposits[48] Expenses and Losses - Administrative and other operating expenses increased significantly, particularly due to expenses related to artificial intelligence research and development during the nine months ended 31 December 2021[54] - Research and development expenses increased significantly to HK$27,429,000 for the nine months ended December 31, 2021, compared to HK$7,693,000 in the same period of 2020, marking a rise of 257%[95] - Staff costs, including directors' remuneration, amounted to HK$15,802,000 for the nine months ended December 31, 2021, down from HK$238,614,000 in the same period of 2020[95] Shareholder Information - The Company proposed a share consolidation where every ten existing shares of HK$0.01 each will be consolidated into one share of HK$0.10[49] - The Company issued 50,000,000 new shares at a placing price of HK$0.10 per share on 12 May 2021[47] - The Company did not redeem any of its shares during the nine months ended 31 December 2021[166] - Neither the Company nor any of its subsidiaries purchased or sold any of the Company's shares during the nine months ended 31 December 2021[166] Governance and Committees - The Company has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, in accordance with the CG Code[140] - The Audit Committee is composed of three independent non-executive directors and regularly reviews the effectiveness of the internal control system[141] - The Remuneration Committee reviews and determines the policy for the remuneration of directors and senior management[143] - The nomination committee reviews the composition of the board and nominates qualified candidates as needed[146] Dividend Policy - The Board does not recommend the payment of a quarterly dividend for the nine months ended 31 December 2021, consistent with the previous year[8] - The Company does not recommend the payment of a dividend for the three months and nine months ended December 31, 2021, consistent with the previous year[121]

Financial Performance - Revenue for the three months and six months ended 30 September 2021 was approximately HK$99,215,000 and HK$224,661,000 respectively, compared to HK$129,999,000 and HK$237,595,000 for the corresponding periods last year, representing a decrease of 23.7% and 5.4%[6]. - Loss attributable to owners of the Company was approximately HK$4,110,000 and HK$8,542,000 for the three months and six months ended 30 September 2021, compared to HK$4,356,000 and HK$8,177,000 for the same periods last year, indicating an increase in loss of 5.6% and 4.4%[6]. - For the six months ended September 30, 2021, the Group recorded total revenue of approximately HK$224,661,000, representing a decrease of approximately 5.44% compared to HK$237,595,000 for the same period last year[89]. - Total revenue for the six months ended September 30, 2021, was approximately HK$224,661,000, a decrease of about 5.44% compared to HK$237,595,000 for the same period last year[92]. - The Company reported a loss before tax of HK$4,864,000 for the six months ended September 30, 2021, compared to a loss of HK$5,513,000 for the same period last year[98]. - Total comprehensive loss for the period was HK$3,356,000, compared to a total comprehensive loss of HK$1,573,000 for the same period last year[102]. - The company reported a total comprehensive loss for the period of HK$6,216 for the six months ended September 30, 2021, compared to a comprehensive income of HK$79,217 for the same period in 2020[110]. - Consolidated loss before tax for Q3 2021 was HK$5,790,000 compared to a loss of HK$3,194,000 in Q3 2020, indicating a worsening of 81.5%[153]. Revenue Breakdown - Revenue from intelligent advertising and railroad media services for the three months ended September 30, 2021, was approximately HK$79,425,000, and for the six months, it was HK$203,760,000[33]. - Revenue generated from agricultural, forestry, and consumer products for the three months ended September 30, 2021, was approximately HK$19,421,000, and for the six months, it was HK$20,182,000[36]. - Revenue from mobile advertising media services decreased to HK$79,425,000 in Q3 2021 from HK$93,859,000 in Q3 2020, representing a decline of 15%[128]. - Sales of agricultural, forestry, and consumer products dropped to HK$19,421,000 in Q3 2021 from HK$35,129,000 in Q3 2020, a decrease of 45%[128]. - The supply chain business segment reported revenue of HK$4,715,000 in the first half of 2021, down from HK$20,088,000 in the same period of 2020, a decline of 77%[128]. - Total revenue for reportable segments decreased to HK$99,215,000 in Q3 2021 from HK$129,999,000 in Q3 2020, representing a decline of 23.7%[153]. Market Trends - The online advertising market in China is expected to exceed RMB934 billion in 2021 and RMB1.29 trillion by 2023, with mobile advertising projected to reach RMB835 billion in 2021 and RMB1.17 trillion by 2023[9]. - In June 2021, the demand for new energy vehicles in China's domestic automobile market reached 14.6%, the highest level in a single month, with experts predicting an average growth of 39% per annum in the electric vehicle market over the next five years[20]. - Approximately 58% of advertisers surveyed indicated they would increase their online advertising budget in 2021, reflecting a positive outlook for the advertising market[9]. - The Chinese e-commerce market is forecasted to grow at a compound annual growth rate (CAGR) of 12.4%, increasing from RMB13.8 trillion in 2021 to RMB19.6 trillion by 2024[16]. Operational Challenges - The persistent impact of COVID-19 has affected the agricultural, forestry, and consumer products business, with rising commodity prices and labor costs significantly impacting profit margins[15]. - Supply chain disruptions due to China's power shortage and ongoing chip shortages are expected to continue, affecting lead times and the manufacturing sector[19]. - Supply chain disruptions are expected to continue due to high shipping costs and ongoing chip shortages affecting various industries[23]. - The occurrence of severe weather conditions and natural disasters may adversely affect the Group's agricultural and forestry products business[63][65]. Strategic Initiatives - Shenzhen Zhixunpai is developing an in-house AI advertising system to enhance online advertising capabilities and maximize value for clients across various industries[27]. - The group is exploring opportunities to expand into new verticals such as omnichannel e-commerce services, real estate markets, and fintech[28]. - The group aims to leverage its technological capabilities to create an AI-powered targeted marketing platform to address post-COVID marketing challenges[32]. - The Group aims to diversify its product portfolio and broaden income sources by seeking investment opportunities in the New Energy Vehicles (NEV) sector, particularly in the Low Speed Electric Vehicles segment[40][43]. - The Group plans to develop own-brand products and strengthen its supply chain network while investing in new sectors with high growth potential[56][60]. Financial Position - As of September 30, 2021, the Group's cash and bank deposits amounted to approximately HK$25,152,000, representing an increase of approximately 102% compared to HK$12,439,000 as of March 31, 2021[69]. - The Group had net current assets of approximately HK$35,232,000 as of September 30, 2021, up from HK$27,822,000 as of March 31, 2021[70]. - The Group's debt-to-equity ratio was approximately 60% as of September 30, 2021, a decrease from 78% as of March 31, 2021, primarily due to the increase in cash and bank deposits[81]. - Current assets amounted to HK$267,200,000 as of September 30, 2021, compared to HK$261,319,000 as of March 31, 2021[104]. - The Group employed approximately 138 employees as of September 30, 2021, an increase from 135 employees as of March 31, 2021[83]. Compliance and Governance - Compliance with laws and regulations is critical for the Group's operations, and any failure may result in legal proceedings and impact business sustainability[64]. - The Group's compliance with significant legal and regulatory requirements was confirmed, with no major breaches reported during the review period[68]. - The Group did not have any material contingent liabilities as of September 30, 2021, consistent with the previous period[82].

Financial Performance - Revenue for the three months ended June 30, 2021, was approximately HK$125,446,000, compared to HK$107,596,000 for the same period last year, representing an increase of about 16.9%[7][9] - Loss attributable to owners of the Company for the three months ended June 30, 2021, was approximately HK$4,432,000, compared to a loss of approximately HK$3,821,000 for the same period last year, indicating a deterioration in performance[8][10] - For the three months ended 30 June 2021, revenue from agricultural, forestry, and consumer products was approximately HK$761,000[27] - Revenue from short-term leasing of the commercial portion of the property was approximately HK$346,000 for the three months ended 30 June 2021[39] - The Group's gross profit for the three months ended June 30, 2021, was approximately HK$24,811,000, compared to HK$10,575,000 for the same period last year[68] - The profit for the period was HK$886,000, a significant improvement from a loss of HK$2,319,000 in the previous year[71] - Total comprehensive income attributable to owners of the company was HK$509,000, compared to a loss of HK$7,810,000 in the previous year[71] - The group reported a total revenue of HK$125,446,000 for the three months ended June 30, 2021, compared to HK$107,596,000 in the same period of 2020, reflecting a growth of 16.5%[85] - The company reported a total profit of HK$5,887,000 for reportable segments in Q2 2021, compared to a loss of HK$6,287,000 in Q2 2020[106] - Consolidated profit before tax for Q2 2021 was HK$926,000, compared to a loss of HK$2,319,000 in Q2 2020, indicating a significant turnaround[107] Revenue Sources - Revenue generated from intelligent advertising and railroad media services for the three months ended June 30, 2021, was approximately HK$124,335,000[19][23] - Revenue from mobile advertising media services increased to HK$124,335,000, up 41.2% from HK$88,035,000 in the same period last year[85] - Revenue from external customers in the supply chain business was HK$88,035,000, while the agricultural, forestry, and consumer products business generated HK$19,362,000 in Q2 2021[102] Strategic Initiatives - Shenzhen Zhixunpai is enhancing its technological capabilities and developing an in-house AI advertising system to improve service offerings across various industries[12][13] - The Group is actively exploring new opportunities in e-commerce channels in China to expand its retail presence and market share in the Greater Bay Area and Southeast Asia[21][24] - The Group plans to continue offering railroad media services and expand product offerings to leverage high customer traffic for brand exposure[17][22] - The Group is focusing on developing its own product lines in high-demand categories such as healthy food and self-care products, utilizing its e-commerce channels and media capabilities[26] - The Group plans to develop cross-border e-commerce channels to expand its reach into overseas markets, particularly in Southeast Asia[49] - The Group is focusing on high-growth opportunities in industries related to New Energy Vehicles (NEV) and batteries[46] Financial Position - As of 30 June 2021, the Group's cash and bank deposits amounted to approximately HK$9,743,000, a decrease of approximately 21.7% from HK$12,439,000 as of 31 March 2021[48] - The Group had net current assets of approximately HK$32,397,000 as of 30 June 2021, compared to HK$27,822,000 as of 31 March 2021[51] - The Group's debt-to-equity ratio was approximately 43% as of June 30, 2021, a decrease from 78% as of March 31, 2021, primarily due to a decrease in cash and bank deposits[61] - The Group's cash management strategy focuses on maintaining cash in local currencies to minimize foreign exchange risk[54] - The Group closely monitors foreign currency rates and will consider hedging significant foreign currency exposure if necessary[54] Governance and Compliance - The Company has complied with the Corporate Governance Code throughout the three months ended June 30, 2021[141] - The Audit Committee regularly reviews the effectiveness of the internal control system and the quarterly, interim, and annual reports of the Group[149] - The Nomination Committee is responsible for reviewing the composition of the Board and nominating suitably qualified candidates[150] - The Remuneration Committee determines the policy for the remuneration of directors and senior management of the Group[151] - The Board has established three committees: Audit Committee, Nomination Committee, and Remuneration Committee, to ensure effective governance[148] Shareholder Information - The Company proposed a share consolidation on May 5, 2021, which was approved by shareholders on June 17, 2021[59] - On May 12, 2021, the Company issued 50,000,000 new shares at a placing price of HK$0.10 per share[61] - The weighted average number of ordinary shares increased to 328,019,000 in Q2 2021 from 304,446,000 in Q2 2020, reflecting a change due to share consolidation[115] - The Company did not recommend the payment of a quarterly dividend for the three months ended June 30, 2021, consistent with the previous year[133] - The Company did not redeem any shares during the three months ended June 30, 2021, nor did it or its subsidiaries purchase or sell any shares during this period[178]

Economic Performance - The Group experienced a negative GDP growth of 6.8% in the first quarter due to the COVID-19 pandemic and the China-US trade war [13]. - The annual report covers the financial year ended 31 March 2021, highlighting the impact of global economic challenges on the Group's performance [12]. - Emerging markets and developing countries faced significant economic downturns, affecting the Group's operations [13]. - The Group's future outlook remains cautious due to ongoing global uncertainties [12]. - The global economy is projected to grow by 5.5% in 2021 and 4.2% in 2022, amid exceptional uncertainty due to the pandemic [64]. - China's economy grew by 18.3% in the first quarter of 2021 compared to the same quarter last year, marking the largest GDP increase since 1992 [50]. Financial Highlights - The Group recorded a total turnover of approximately HK$505,709,000 for the year ended 31 March 2021, representing an increase of approximately 14.47% compared to approximately HK$441,778,000 of the previous year [14]. - Loss attributable to owners of the Company for the year was approximately HK$22,099,000, representing a decrease of approximately 30.37% compared to approximately HK$31,739,000 of the previous year [14]. - For the year ended March 31, 2021, the Group generated revenue of approximately HK$429,517,000 from intelligent advertising and railroad media services [57]. - The Group generated total revenue of approximately HK$12,308,000 from the supply chain business for the year ended 31 March 2021 [62]. - The Group recorded a revenue of approximately HK$505,709,000 for the year ended 31 March 2021, representing an increase of about 14.47% compared to HK$441,778,000 for the previous year [73]. Strategic Focus - The Group's management is focused on navigating the turbulent economic landscape and implementing strategies for recovery [12]. - The Company aims to leverage new strategies for market expansion and product development in response to economic challenges [12]. - The management team will continue to focus on digital sectors, which offer the most growth potential in an economy undergoing digital transformation [14]. - The Group aims to explore suitable business opportunities in high growth industries such as the consumer market and upstream and downstream new energy vehicle (NEV) industries [14]. - The Group plans to expand into new verticals such as omnichannel e-commerce services and Fintech, leveraging its proprietary Big Data and AI platforms [54]. Digital Transformation - The pandemic has accelerated the digitalization of the Entertainment & Media industry, boosting demand for home entertainment and live streaming integration with e-commerce platforms [38]. - Mobile ad spending in China grew by 14.6% during the period of 2019-2020, indicating a significant shift towards digital marketing [39]. - Digital marketing spending is projected to grow by 20% in 2021, reflecting the ongoing trend towards online advertising [40]. - The Group's intelligent advertising business is critical for reaching consumers shifting towards online channels for entertainment and shopping [14]. - The technological foundations built in Big Data and Artificial Intelligence will be key to expanding into digital market segments [14]. Governance and Compliance - The report emphasizes the importance of accurate and complete information for stakeholders, confirming no misleading statements were made [5]. - The Group's board of directors collectively accepts full responsibility for the report's contents, ensuring compliance with listing rules [5]. - The Company is committed to transparency and has made reasonable inquiries to confirm the accuracy of the report [5]. - The Board comprises four executive Directors and three independent non-executive Directors, ensuring diverse expertise and guidance for the Group's activities [88]. - The Company emphasizes the importance of timely and adequate information for the Board to make informed decisions [88]. Environmental and Social Responsibility - The Group's board emphasizes the importance of a sound environmental, social, and governance structure for sustainability and development [135]. - The Group's nitrogen oxides emissions decreased from 3,673 grams to 978 grams, a reduction of approximately 73% [149]. - Sulfur oxides emissions reduced from 84 grams to 22 grams, representing a decrease of about 74% [149]. - The Group implemented energy-saving measures, including the installation of energy-efficient LED light tubes, to reduce energy consumption [161]. - The Group's business in forest planting contributes positively to the environment by preventing desertification and sandstorms in Xinjiang [176]. Employee and Labor Practices - The Group's employee distribution by age as of March 31, 2021, was 57 under 30 years, 67 between 30 to 50 years, and 11 over 50 years [139]. - The percentage of female employees in senior positions was 32%, while male employees accounted for 68% [143]. - The Group emphasizes talent development, providing effective training and clear promotion opportunities to enhance employee skills [192]. - The Group strictly complies with local laws and regulations related to employment and labor relations, ensuring the protection of employee rights [183]. - The Group's employment policies strictly prohibit child and forced labor, complying with local employment laws and regulations [192].

Financial Performance - Revenue for the three months and nine months ended December 31, 2020, was approximately HK$125,800,000 and HK$363,395,000 respectively, compared to HK$116,421,000 and HK$370,778,000 for the same periods last year, indicating a year-over-year increase of 6.3% for the quarterly revenue but a slight decrease of 2.0% for the nine-month revenue[6]. - Loss attributable to owners of the Company was approximately HK$1,523,000 and HK$9,700,000 for the three months and nine months ended December 31, 2020, compared to losses of HK$2,949,000 and HK$10,539,000 for the corresponding periods last year, showing an improvement in quarterly loss by 48.2%[6]. - The Group recorded total revenue of approximately HK$363,395,000 for the nine months ended 31 December 2020, representing a slight decrease of approximately 1.99% compared to HK$370,778,000 for the same period last year[57]. - Loss attributable to owners of the Company was approximately HK$9,700,000 for the nine months ended 31 December 2020, which is approximately 7.96% lower than the loss of HK$10,539,000 for the corresponding period last year[58]. - Total revenue for the nine months ended December 31, 2020, was HK$363,395,000, a decrease of 2.4% from HK$370,778,000 in the same period of 2019[99]. Revenue Breakdown - Revenue generated from intelligent advertising and railroad media services for the three and nine months ended December 31, 2020, was approximately HK$125,169,000 and HK$307,063,000 respectively[17]. - Revenue generated from the sales of agricultural, forestry, and consumer products for the three and nine months ended December 31, 2020, was approximately HK$334,000 and HK$40,755,000 respectively[25]. - Revenue from the supply-chain business for the three and nine months ended December 31, 2020, was nil and approximately HK$14,796,000 respectively[30]. - Revenue derived from short-term leasing of the commercial portion of the property for the three and nine months ended December 31, 2020, was approximately HK$297,000 and HK$781,000 respectively[36]. - The intelligent advertising and railroad media business segment reported a total revenue of HK$307,063,000 for the nine months ended December 31, 2020, compared to HK$264,433,000 in 2019, reflecting a 15.99% increase[93]. - The agricultural, forestry, and consumer products business segment generated revenue of HK$40,755,000 for the nine months ended December 31, 2020, down from HK$35,943,000 in 2019, showing a decline of 12.67%[93]. - The property business segment reported a total revenue of HK$781,000 for the nine months ended December 31, 2020, compared to HK$720,000 in 2019, marking an increase of 8.47%[93]. Strategic Initiatives - The Company continues to expand its collaboration with mainstream media, significantly growing its intelligent advertising and media services[8]. - The intelligent advertising business has achieved growth due to increased advertising from key industries such as real estate, games, internet services, e-commerce, and education[9]. - Shenzhen Zhixunpai is exploring new verticals such as insurtech and real estate to leverage its AI and big data analytics capabilities, which will provide additional growth opportunities[10]. - The Group aims to create an AI-powered intelligent marketing ecosystem to provide packaged online and offline solutions to help customers face post-COVID challenges[16]. - The Group is focused on developing consumer-end products, including healthy food and self-care products, to hedge against the pandemic's impact[23]. - The Group is developing its own e-commerce omni-channels to boost sales of its own-brand products[25]. - The Group aims to explore new investment opportunities and develop its own-brand products to increase profitability[29]. - The Group will focus on intelligent advertising and explore growth channels in insurtech and digital healthcare solutions as part of its digital transformation strategy[48]. - The Group has taken measures to mitigate the impact of the economic downturn and will formulate strategies to enhance long-term profitability and sustainability[50]. - The Group will seek technology investment opportunities to develop its own-brand products and enhance its omni-channel e-commerce capabilities[51]. - The Group's online sales channels will be optimized to leverage the shift in consumer shopping habits towards digital platforms due to the pandemic[44]. Corporate Governance - The Board does not recommend the payment of a quarterly dividend for the nine months ended December 31, 2020, consistent with the previous year[6]. - The company is in the process of assessing the impact of new and revised Hong Kong Financial Reporting Standards on its results of operations and financial position[79]. - The company has segmented its operations into four reportable segments: intelligent advertising and railroad media, agricultural, forestry and consumer products, supply-chain, and property business, to better manage resources and performance[92]. - The company has adopted a new share option scheme valid for 10 years, allowing selected persons to subscribe for shares[134]. - The Company has complied with the Corporate Governance Code throughout the nine months ended December 31, 2020[138]. - The Audit Committee regularly reviews the effectiveness of the internal control system and the quarterly, interim, and annual reports of the Group[146]. - The Remuneration Committee is responsible for reviewing and determining the remuneration policy for directors and senior management[148]. - The Nomination Committee reviews the composition of the Board and nominates suitably qualified candidates when necessary[147]. Shareholder Information - As of December 31, 2020, Ms. Ng Mui King, Joky holds 337,920,000 shares, representing approximately 10.39% of the issued share capital of the Company[167]. - Mr. Zhao Xinyan holds 491,280,000 shares, which accounts for about 15.10% of the issued share capital of the Company[167]. - Ms. Lin Shunping owns 199,000,000 shares, equivalent to approximately 6.12% of the issued share capital of the Company[167]. - Gold City Assets Holdings Ltd. is the beneficial owner of 337,920,000 shares, with Ms. Ng Mui King, Joky as the beneficial owner[169]. - Win Bless Limited, wholly owned by Mr. Zhao Xinyan, holds 491,280,000 shares[170]. - The Company did not redeem any of its shares during the nine months ended December 31, 2020[172]. - No purchases or sales of the Company's shares were made by the Company or its subsidiaries during the nine months ended December 31, 2020[175]. - There were no arrangements for Directors or chief executives to acquire benefits through the acquisition of shares during the nine months ended December 31, 2020[161]. - As of December 31, 2020, no person other than Directors or chief executives had an interest or short position in the shares of the Company that required disclosure[164]. - The Company has adopted a code of conduct for securities transactions by Directors, confirming compliance throughout the nine months ended December 31, 2020[177].

Financial Performance - Revenue for the three months ended June 30, 2020, was approximately HK$107,596,000, compared to HK$85,379,000 for the same period last year, representing a year-on-year increase of approximately 25.9%[7] - Loss attributable to owners of the Company for the three months ended June 30, 2020, was approximately HK$3,821,000, compared to a loss of approximately HK$1,861,000 for the same period last year, indicating an increase in loss of approximately 105.3%[7] - For the three months ended June 30, 2020, revenue from intelligent advertising and railroad media services was approximately HK$88,035,000[30] - For the three months ended June 30, 2020, the Group recorded total revenue of approximately HK$107,596,000, representing an increase of approximately 26% compared to HK$85,379,000 for the same period last year[66] - The gross profit for the three months ended June 30, 2020, was HK$10,575,000, compared to HK$1,151,000 in the same period last year[73] - The total comprehensive income for the period was HK$784,000, compared to a loss of HK$4,354,000 in the same period last year[76] - The basic and diluted loss per share for the period was HK$0.13 cents, compared to HK$0.08 cents in the same period last year[73] - The total comprehensive loss for the period was HK$3,644,000, compared to a loss of HK$1,783,000 in the prior year, reflecting an increase of 104.8%[145] Dividend Policy - The board of directors does not recommend the payment of a quarterly dividend for the three months ended June 30, 2020, consistent with the previous year where no dividend was paid[7] - The Company does not recommend the payment of a quarterly dividend for the three months ended June 30, 2020, compared to nil for the same period in 2019[192] Economic and Market Conditions - Despite the recovery, China's economy remains fragile, with a 6.8% contraction in Q1 2020 and subdued consumption due to job losses[43] - Online sales in China rose by 8.6% to approximately US$360 billion during the first four months of 2020, despite a 16% year-on-year decline in retail sales[10] - China's total ad spending is projected to grow by 0.4% in 2020, with digital ad spending expected to grow by 5%, despite a significant decrease in anticipated spending due to the pandemic[11] - The agricultural value chain in China faced significant risks due to COVID-19, impacting food security and supply chains[33] Company Strategy and Growth - Shenzhen Zhixunpai will continue to enhance its Artificial Intelligence and Big Data capabilities to expand into other verticals, providing additional growth opportunities[17] - The Group plans to enhance its technological capabilities and create an AI-powered targeted marketing platform to address post-COVID challenges[29] - The Group will expand into new business segments by leveraging developed technological capabilities[29] - The Group is actively seeking new technology investment opportunities and aims to develop its own products to enhance profitability[46] - The Group's long-term profitability and business growth are influenced by current macroeconomic conditions, with a focus on opportunities arising from global supply chain reshuffles and digitalization[50] Investment and Financial Position - As of June 30, 2020, the Group's cash and bank deposits amounted to approximately HK$18,749,000, an increase of approximately 41.1% from HK$13,285,000 as of March 31, 2020[56] - The Group's net current assets were approximately HK$118,688,000 as of June 30, 2020, compared to HK$108,211,000 as of March 31, 2020[56] - The Group's gearing ratio was approximately 39.06% as of June 30, 2020, a decrease from 76% as of March 31, 2020[64] - The capital debt ratio as of June 30, 2020, was approximately 39.06%, down from 76% on March 31, 2020, primarily due to a decrease in cash and bank deposits[68] Segment Performance - Revenue generated from the sales of information technology, industrial, and consumer products was approximately HK$19,362,000 for the three months ended June 30, 2020[46] - Revenue derived from short-term leasing of the commercial portion of the property was approximately HK$199,000 for the three months ended June 30, 2020[49] - Revenue from mobile advertising media services increased to HK$88,035,000 in Q2 2020, up from HK$27,691,000 in Q2 2019, representing a growth of 217%[88] - Total revenue for reportable segments reached HK$107,596,000 in Q2 2020, compared to HK$85,379,000 in Q2 2019, marking an increase of 26%[120] - The total profit for reportable segments improved to HK$811,000 in Q2 2020, recovering from a loss of HK$2,009,000 in Q2 2019[120] Operational Challenges - Staff costs, including directors' remuneration, rose significantly to HK$4,008,000 from HK$2,265,000, marking an increase of 76.7%[123] - The cost of inventories sold increased to HK$97,021,000 from HK$84,228,000, which is an increase of 15.2%[123] - Depreciation of right-of-use assets surged to HK$444,000 from HK$133,000, indicating a substantial increase of 233.8%[123] - The impairment loss recognized in respect of trade and other receivables was HK$5,637,000 in Q2 2020, with no such loss reported in Q2 2019[89] Shareholder Information - The weighted average number of ordinary shares for the period increased to 3,044,461,000 shares from 2,368,936,000 shares, reflecting a growth of 28.5%[131] - The Company completed a subscription agreement on May 11, 2020, issuing 473,780,000 shares at a subscription price of HK$0.021 per share, generating net proceeds of approximately HK$9,780,000 for general working capital[193] - The Company had a total of 100,800,000 share options as of April 1, 2020, with 78,400,000 lapsing during the period[199] - The Company’s share option scheme allows selected individuals to subscribe for shares subject to specific terms and conditions[197]

Financial Performance - Great World Company Holdings Ltd reported a significant increase in revenue, achieving a total of $XX million for the fiscal year 2019-2020, representing a YY% growth compared to the previous year[10] - The Group recorded a total turnover of approximately HK$441,778,000 for the year ended 31 March 2020, representing an increase of approximately 92.04% compared to HK$230,039,000 for the previous year[13] - The loss for the year was approximately HK$41,256,000, compared to a loss of HK$17,146,000 in 2019[13] - For the year ended 31 March 2020, the Group generated revenue of approximately HK$294,140,000 from smart advertising and railway media services[59] - Revenue from the sales of agricultural and forestry products was approximately HK$71,594,000 for the year ended 31 March 2020[64] - The Group generated a total gross revenue of approximately HK$75,127,000 from the supply chain business for the year ended 31 March 2020[70] - Revenue from short-term leasing of the commercial portion of the property was approximately HK$917,000 for the year ended 31 March 2020[70] - Loss attributable to owners of the Company for the year ended 31 March 2020 was approximately HK$31,739,000, which is approximately 89.1% higher than the loss of HK$16,783,000 incurred in the previous year[78] Strategic Initiatives - The company is investing in new product development, with a budget allocation of CC million for R&D initiatives aimed at enhancing product offerings[10] - Great World Company Holdings Ltd is exploring market expansion opportunities in the Asia-Pacific region, targeting a market share increase of DD%[10] - The company has completed a strategic acquisition of a competitor, which is expected to contribute an additional EE million in annual revenue[10] - The Group aims to consolidate its position in the intelligent advertising business segment, which has experienced tremendous growth due to a shift in consumer behavior towards online channels[13] - The management plans to leverage technical platforms developed in Big Data and Artificial Intelligence (AI) to explore innovative applications in untapped market areas[13] - The Group aims to harness technological capabilities to expand organically into new business segments[59] Operational Efficiency - Great World Company Holdings Ltd is implementing new strategies to improve operational efficiency, aiming for a cost reduction of FF% in the upcoming year[10] - The Group's internal control system is fundamental to the Group's daily operations, ensuring the accuracy and validity of financial records[118] - The Audit Committee reviews the effectiveness of the internal control systems and the quarterly, interim, and annual reports[89] Market Trends - The COVID-19 pandemic has caused significant operational issues in the agricultural sector, including supply chain constraints and labor shortages[37] - The rapid shift from offline to online shopping has created new opportunities for e-commerce platforms, leading to increased traffic and revenue[33] - The market for conventional medicinal herbs is expected to grow nearly three times by 2030, driven by the focus on traditional cultivation methods[42] Governance and Compliance - The Company has complied with the Corporate Governance Code throughout the year ended March 31, 2020, with some deviations noted[83] - The Board consists of three executive directors, one non-executive director, and three independent non-executive directors, ensuring diverse professional experience[85] - The Company has adopted a code of conduct for directors' securities transactions as per GEM Listing Rules[83] - The Company has fully complied with the GEM Listing Rules regarding financial reports and announcements[118] Environmental Impact - The Group's nitrogen oxides emissions increased from 3,207 grams to 3,673 grams, representing a rise of approximately 14.5%[142] - The Group's total greenhouse gas emissions amounted to 4,479.49 tonnes of CO2, with an intensity of 41.10 tonnes CO2 per employee[153] - The Group achieved a GHG deduction of 4,606.16 tonnes of CO2 from planted trees, resulting in a net reduction[149] - The Group aims to reduce water consumption by encouraging employees to turn off taps tightly and prioritizing the use of water-saving products[167] Human Resources - The Group offers competitive remuneration and benefits to attract and retain talent, with periodic reviews based on operating results and market conditions[178] - The Group has no tolerance for the use of forced labour or child labour in its business operations[188] - The Group conducts annual performance evaluations to provide appropriate training based on assessment results[187] Community Engagement - The Group recognizes the importance of corporate social responsibility and engages in community investment activities, including donations and volunteer work, to strengthen relationships with the community[200] - The Group is committed to upholding and promoting human rights for employees, contractors, suppliers, and the communities in which it operates[200]

Financial Performance - Turnover for the three months and nine months ended 31 December 2019 was approximately HK$116,421,000 and HK$370,778,000 respectively, compared to HK$84,016,000 and HK$135,768,000 for the corresponding periods last year, representing an increase of 38.5% and 173.5%[7] - Loss attributable to owners of the Company was approximately HK$2,949,000 and HK$10,539,000 for the three months and nine months ended 31 December 2019, compared to a profit of HK$2,654,000 and a loss of HK$4,681,000 for the corresponding periods last year[7] - For the nine months ended 31 December 2019, total revenue reached HK$370,804,000, compared to HK$135,820,000 for the same period in 2018, indicating a significant increase of 172.5%[76] - The total comprehensive loss for the period was approximately HK$19,080,000 for the nine months ended 31 December 2019, compared to a total comprehensive loss of HK$24,701,000 for the same period last year[64] - The Group's cash and bank deposits amounted to approximately HK$16,975,000, a decrease of approximately 47.62% from HK$32,405,000 as of March 31, 2019[41] Revenue Sources - Revenue generated from advertising media services for the three and nine months ended 31 December 2019 was approximately HK$108,599,000 and HK$264,433,000 respectively[18] - Revenue from forestry products for the nine months ended December 31, 2019, was HK$35,943,000, while revenue for the three months was nil[22] - Revenue from information technology products for the nine months ended December 31, 2019, was approximately HK$69,682,000, and for the three months was approximately HK$7,591,000[29] - The advertising business generated revenue of HK$264,433 for the nine months ended December 31, 2019, while the general trading business reported HK$69,682[86] Business Operations - Shenzhen Zhixunpai strengthened its collaboration with major companies including Baidu, Alibaba, and Tencent, significantly growing its mobile advertising and media services[9] - The Group is the only railway magazine operator for China Railway Guangzhou Bureau Group, with its main businesses including a railway magazine and a WeChat eCommerce platform[15] - The Group is restructuring its product portfolio by reducing less competitive products like smartphones and focusing on power source products such as UPS and batteries[24] - The leasing of the commercial portion of the property has commenced, with plans to start selling part of the residential portion when the market revives[34] Financial Position - The Group had net current assets of approximately HK$94,037,000 as of December 31, 2019, down from HK$111,003,000 as of March 31, 2019[41] - The Group's gearing ratio increased to approximately 125.31% as of 31 December 2019, up from 81% as of 31 March 2019, primarily due to a decrease in cash and bank deposits[48] - The Group's cash and cash equivalents decreased, impacting the gearing ratio negatively[48] Management and Governance - The Audit Committee comprises three independent non-executive Directors and regularly reviews the effectiveness of the internal control system[151] - The Remuneration Committee is responsible for reviewing and determining the remuneration policy for directors and senior management[153] - The Board does not recommend the payment of a dividend for the three months and nine months ended 31 December 2019, consistent with the same periods in 2018[118] Shareholder Information - Ms. Ng Mui King holds a total of 337,920,000 shares, representing approximately 14.26% of the issued share capital[161] - As of December 31, 2019, Gold City Assets Holdings Ltd. holds 337,920,000 shares, representing 14.26% of the company's issued share capital[173] - Mr. Huang Shih Tsai owns 155,000,000 shares, accounting for 6.54% of the company's issued share capital[173] Taxation - Income tax credit for the nine months ended December 31, 2019, was HK$311, compared to HK$299 in the same period of 2018[95] - Hong Kong Profits Tax is calculated at a rate of 8.25% on the first HK$2 million of estimated assessable profit and 16.5% on the remainder for the three and nine months ended December 31, 2019[106] - The tax rate applicable to PRC subsidiaries is 25% under the EIT Law, with no provision for current tax made for Hong Kong Profits Tax due to no assessable profit[98] Future Outlook - The recent outbreak of Coronavirus is expected to have a lasting impact on the global economy, prompting the Group to adopt a conservative approach towards profitability in the coming months[36] - The Group will explore new investment opportunities to diversify activities and strengthen revenue bases[29]