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].

WWW.UNTS INTERIM REPORT 中期報告 GREA COMPANY HOLDINGS LTD 世 大 控 股 有 限 公 司 (incorporated in the Cayman Islands with limited liability) (於関曼群島註冊成立之有限公司) Stock Code 股份代號：8003 (1) CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risk ...

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]

Financial Performance - Turnover for the three months and six months ended 30 September 2019 was approximately HK$168,978,000 and HK$254,357,000 respectively, compared to HK$11,516,000 and HK$51,752,000 for the corresponding periods of last year, representing an increase of 1,367% and 391%[9]. - Loss attributable to owners of the Company was approximately HK$5,729,000 and HK$7,590,000 for the three months and six months ended 30 September 2019, compared to HK$6,071,000 and HK$7,335,000 for the same periods last year, indicating a decrease in loss of 5.6% and an increase of 3.5% respectively[9]. - The Group generated approximately HK$155,834,000 in revenue from advertising media services for the six months ended September 30, 2019[54]. - Total revenue for the six months ended 30 September 2019 was HK$254,380,000, an increase from HK$51,791,000 in the same period of 2018[148]. - The advertising business reported a profit of HK$12,470,000, showcasing its profitability within the overall structure[170]. - Total comprehensive loss for the period was HK$13,008,000, slightly higher than HK$12,978,000 in the same period of 2018, indicating a marginal increase[116]. Dividend Policy - The board of directors does not recommend the payment of an interim dividend for the six months ended 30 September 2019, consistent with the previous year[9]. - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2019, consistent with the previous year[188]. Advertising Market Trends - The PRC's total media ad spending is forecasted to increase by 14.6% in 2019, with digital ad spending expected to grow by 22%, accounting for 69.5% of paid media outlays[12]. - Mobile ad spending in the PRC is projected to grow by 25.7% in 2019, highlighting the increasing importance of mobile platforms for advertisers[12]. - Baidu, Alibaba, and Tencent (collectively known as "BAT") are expected to capture nearly two-thirds of digital advertising outlays in the PRC in 2019[18]. - The advertising market in the PRC shows significant growth potential, with emerging players like ByteDance, JD.com, and Meituan gaining attention from advertisers[18]. Railway Sector Developments - China Railway Corporation plans to invest in 6,800 km of new track in 2019, a 45% increase from 2018, to enhance its high-speed rail network[19]. - In 2018, China Railway serviced 3.37 billion passengers, reflecting a 9.4% increase compared to 2017[19]. - The Group expects continued growth in passenger traffic in the high-speed railway sector due to the ongoing development of the railway network by the PRC Government[52]. Economic Environment - The global economy is facing a slowdown risk, with the PRC economy in a critical stage of adjustment, influenced by the US-China trade dispute[76][78]. - The Group's long-term profitability and growth are affected by macroeconomic volatility and uncertainties in Hong Kong, Mainland China, the US, and other Asian countries[77][78]. - The ongoing trade disputes between the PRC and the US have led to disruptions in the global supply chain, affecting revenue volatility in the trading business segment[87][89]. Cash Flow and Financial Position - As at 30 September 2019, the Group's cash and bank deposits amounted to approximately HK$18,964,000, a decrease of approximately 41.48% from HK$32,405,000 as at 31 March 2019[97]. - The Group had net current assets of approximately HK$102,047,000 as at 30 September 2019, down from HK$111,003,000 as at 31 March 2019[99]. - The Group's gearing ratio was approximately 119% as at 30 September 2019, an increase from 81% as at 31 March 2019, primarily due to the decrease in cash and bank deposits[102]. - Cash and cash equivalents at 30 September 2019 were HK$18,964,000, a decrease from HK$39,276,000 at the same date in 2018[135]. Business Strategy and Operations - The Group plans to explore new investment opportunities in the power source industry to diversify its product portfolio and strengthen revenue bases[66]. - The Group is diversifying its product structure in the supply chain service, including trading batteries and power supplies, and exploring optical components and various battery products[81][83]. - The Group will continue to invest in online sales channels and develop its brands and global distribution network to adapt to changing consumer habits[85][88]. - The Group's forestry business will focus on cultivating Cistanche due to its significant market potential[58]. Acquisitions and Investments - On June 18, 2019, Green Apex Investments Limited entered into a subscription agreement to acquire 51 shares of Junteng International Limited for US$51[193]. - The acquisition was completed on August 13, 2019, resulting in Green Apex holding 51% of the enlarged issued share capital of the Target Company[193]. - The acquisition enhances the Company's media-related business portfolio in China[193]. Employee and Operational Metrics - As at 30 September 2019, the Group had approximately 82 employees, an increase from 70 employees as at 31 March 2019[104]. - Staff costs, including directors' remuneration, amounted to HK$3,328,000 for the three months ended September 30, 2019, compared to HK$1,261,000 in the same period of 2018[179].

Financial Performance - Revenue from operations for the three months ended June 30, 2019, was approximately HK$85,379,000, an increase of 112% compared to HK$40,236,000 for the same period last year[9]. - Loss attributable to owners of the Company for the three months ended June 30, 2019, was approximately HK$1,861,000, compared to a loss of HK$1,264,000 for the corresponding period last year[9]. - Gross profit for the three months ended June 30, 2019, was HK$1,151,000, compared to HK$241,000 for the same period last year, indicating a significant improvement[14]. - Total comprehensive loss for the period was HK$4,354,000, compared to HK$14,728,000 for the same period last year, reflecting a reduction in losses[17]. - Basic and diluted loss per share for the three months ended June 30, 2019, was HK$0.08 cents, compared to HK$0.05 cents for the same period last year[14]. - Total revenue for reportable segments increased to HK$85,379,000, up from HK$40,236,000 in the previous year, representing a growth of 112.2%[57]. - The total loss for reportable segments was HK$2,009,000, compared to a loss of HK$505,000 in the same period last year, indicating a significant increase in losses[63]. - The consolidated loss before tax was HK$2,221,000, slightly higher than the loss of HK$2,137,000 reported in the previous year[69]. - For the three months ended June 30, 2019, the loss attributable to owners of the Company was HK$1,861,000, compared to a loss of HK$1,264,000 for the same period in 2018, representing an increase of 47.2%[80]. Revenue Breakdown - The Group's total revenue for the three months ended June 30, 2019, was HK$85,461,000, an increase of 112% compared to HK$40,275,000 for the same period in 2018[35]. - Sales of information technology products increased significantly to HK$56,513,000, up from HK$40,109,000, representing a growth of 41%[35]. - The provision of mobile advertising media services generated revenue of HK$27,691,000, with no prior year comparison available[35]. - Revenue from external customers in the forestry business was HK$259,000, while the general trading business generated HK$40,109,000[48]. - Revenue of approximately HK$917,000 was generated from the sales of forestry products, with expectations for increased revenue in the second half of the financial year upon harvest[111]. - Revenue of approximately HK$56,512,000 was generated from the sales of information technology products, with ongoing efforts to introduce different product lines and marketing channels[113]. - Revenue of approximately HK$27,691,000 was generated from mobile advertising media services, with the Group acting as a one-stop solutions provider[118]. Cost and Expenses - Staff costs rose to HK$2,265,000, an increase of 88% from HK$1,204,000 in the previous year[60]. - Cost of inventories sold surged to HK$84,228,000, up from HK$39,995,000, reflecting a 110.8% increase[70]. - Operating lease charges for land and buildings amounted to HK$4,674,000, significantly higher than HK$214,000 in the previous year[70]. Accounting Policies - The Group has been impacted by HKFRS 16 in relation to leases, indicating a change in accounting policies[24]. - The Group has adopted HKFRS 16, which will lead to an increase in both assets and liabilities, impacting the timing of expense recognition over the lease period[29]. - As of April 1, 2019, the Group's future minimum lease payments under non-cancellable operating leases need to be recognized as lease liabilities, with corresponding right-of-use assets[29]. - The Group has chosen not to apply the new accounting model to short-term leases (12 months or less) and low-value asset leases, allowing rental expenses to continue being recognized systematically over the lease term[31]. - The financial statements have been prepared in compliance with Hong Kong Accounting Standard 34, ensuring adherence to regulatory requirements[19]. - The financial information presented is unaudited but has been reviewed by the Company's audit committee[33]. - The Group is currently assessing the impact of new and revised HKFRSs that have been issued but are not yet effective[33]. Corporate Governance - The Company has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, in compliance with the Corporate Governance Code[143]. - The Audit Committee regularly reviews the effectiveness of the internal control system and the quarterly, interim, and annual reports of the Group[144]. - The Company has complied with the Corporate Governance Code throughout the three months ended June 30, 2019[137]. - The Board of Directors consists of three executive directors, one non-executive director, and three independent non-executive directors[138]. Share Capital and Management - The Company’s share premium account as of April 1, 2019, was HK$233,339,000, indicating a stable capital structure[92]. - The authorized share capital of the Company is 30,000,000 shares, amounting to HK$300,000,000[127]. - The issued and fully paid share capital is 2,368,936 shares, totaling HK$23,689,000, with no ordinary shares issued during the three months ended June 30, 2019[127][129]. - The Company has a share option scheme that allows for the granting of options up to 10% of the issued share capital at the time of granting[128]. - The remuneration for key management personnel for the three months ended June 30, 2019, was HK$660,000, an increase from HK$561,000 in the same period of 2018, representing a growth of 17.6%[98]. Cash and Assets - As of June 30, 2019, the Group's cash and bank deposits amounted to approximately HK$27,669,000, a decrease of approximately 14.62% from HK$32,405,000 as of March 31, 2019[122]. - The Group had net current assets of approximately HK$110,618,000 as of June 30, 2019, compared to HK$111,003,000 as of March 31, 2019[122]. - The Group owns a property in Leshan City, Sichuan Province, with a gross floor area of approximately 28,251.82 sq. m., and expects to commence selling and leasing portions of the property[106]. Shareholder Information - Ms. Ng Mui King holds a total of 337,920,000 shares, representing approximately 14.26% of the issued share capital of the Company[155]. - Mr. Huang Shih Tsai holds 155,000,000 shares, which accounts for approximately 6.54% of the issued share capital of the Company[167]. - The Company did not redeem any shares during the three months ended June 30, 2019, nor did it or its subsidiaries purchase or sell any shares during this period[170]. - There were no arrangements enabling Directors or chief executives to acquire benefits through the acquisition of shares or debentures during the three months ended June 30, 2019[162]. - The beneficial ownership of Gold City Assets Holdings Ltd. is held by Ms. Ng Mui King, Joky, a non-executive director of the Company[167].