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].

Financial Performance - Great World Company Holdings Ltd reported a significant increase in revenue, achieving a total of HKD 500 million for the fiscal year 2018-2019, representing a growth of 15% compared to the previous year[10]. - The company reported a net profit margin of 12% for the fiscal year, an increase from 10% in the previous year[10]. - For the year ended 31 March 2019, the Group recorded a turnover of approximately HK$230,039,000, representing an increase of approximately 4.32 times compared to HK$53,205,000 for the previous year[13]. - The loss for the year was approximately HK$17,146,000, a decrease from HK$34,998,000 in 2018[13]. - Loss attributable to owners of the Company for the year was approximately HK$22,440,000, which is approximately 30.24% lower than the loss of HK$32,168,000 incurred in the previous year[32]. - The Group recorded a turnover of approximately HK$230,039,000 for the year ended 31 March 2019, representing an increase of approximately 4.32 times compared to HK$53,205,000 in the previous year[32]. - Revenue of approximately HK$743,000 was generated from temporary leasing of the commercial portion of the property for the year ended 31 March 2019[35]. - Revenue from the forestry business was approximately HK$6,051,000 for the year ended 31 March 2019[37]. - The Group anticipates steady growth in revenue generated from the sale of forestry products[37]. - For the year ended 31 March 2019, the trading business generated revenue of approximately HK$207,817,000[41]. - The advertising business recorded revenue of approximately HK$15,428,000 for the year ended 31 March 2019, with expectations for significant growth in the future[41]. Market Expansion and Strategy - The company’s user base expanded to 1.2 million active users, marking a 20% increase year-over-year[10]. - Future outlook indicates a projected revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion strategies[10]. - Great World Company Holdings Ltd plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[10]. - The company is considering strategic acquisitions to bolster its product offerings and enhance competitive positioning in the market[10]. - A new product line is set to launch in Q3 2020, expected to contribute an additional HKD 100 million in revenue[10]. - The management is exploring potential business development opportunities, including expanding production capacity and diversifying distribution channels[17]. - The Group aims to expand its customer base by seeking business opportunities in potential markets of other countries[17]. Corporate Governance - Great World Company Holdings Ltd is focused on enhancing its corporate governance practices to align with international standards, ensuring transparency and accountability[10]. - The Board held a total of 9 meetings during the year ended March 31, 2019, including quarterly regular meetings as per the CG Code[60]. - The Audit Committee comprises three independent non-executive Directors, who regularly meet with senior management to review the effectiveness of internal control systems and the Group's quarterly, interim, and annual reports[64]. - The Company has not appointed a Chief Executive Officer; day-to-day management is carried out by senior management and monitored by executive Directors[64]. - The Board is responsible for corporate governance duties, including developing and reviewing the Group's policies and practices on corporate governance[61]. - Each independent non-executive Director has confirmed their independence annually, and the Company considers all of them to be independent[59]. - The Company has established three committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee, to assist in governance[64]. - The Company has adopted a board diversity policy, considering factors such as gender, age, culture, education background, race, professional experience, skills, knowledge, and tenure to achieve sustainable and balanced development[74]. Environmental Performance - The Group's greenhouse gas emissions for the year ended March 31, 2019, totaled 5,043.18 tonnes of CO2, with a reduction of 91.69 tonnes due to planted trees[128]. - Nitrogen oxides emissions decreased significantly from 306,083 grams in the previous year to 3,207 grams[117]. - Sulfur oxides emissions also saw a reduction from 3,557 grams to 73 grams[117]. - Particulate matter emissions dropped from 28,473 grams to 236 grams, indicating improved environmental performance[117]. - The Group is committed to monitoring greenhouse gas emissions and energy consumption to minimize environmental impact[117]. - The Group aims to enhance its ESG performance and broaden the disclosure of related information in sustainable development[115]. - The Group implemented energy-saving measures including the use of LED lighting and high-efficiency motors to reduce energy consumption[133]. - The Group is committed to efficient use of natural resources and reducing waste in its operations[145]. - Regular inspections are conducted to monitor unauthorized activities, illegal logging, and other environmental risks[145]. Employee Welfare and Human Resources - The Group emphasizes fair and open recruitment and promotion practices, unaffected by various personal factors[147]. - Competitive remuneration and benefits packages are offered to attract and retain talent, with periodic reviews based on performance and market conditions[147]. - Health and safety measures are implemented to protect employees, including regular fire drills and emergency response training[149]. - The Group promotes work-life balance and provides facilities to address health and safety needs in the office[149]. - The Group emphasizes talent development as a key part of its human resource strategy, providing effective training and clear promotion pathways for employees[151]. - The Group has implemented strict employment policies prohibiting child and forced labor, ensuring compliance with local laws and regulations[154]. Community Engagement and Corporate Social Responsibility - The Group has been actively involved in community investment, promoting awareness of community care through various activities such as donations and volunteer work[163]. - The Group's community responsibility policies include improving community development and minimizing potential negative social impacts[162]. - The Group's commitment to corporate social responsibility includes regular on-site evaluations of suppliers to assess compliance with labor regulations[154]. - The Group continues to develop programs that ensure the sustainable welfare of communities[162]. Financial Management - The Company has adopted a dividend policy, with no assurance of specific amounts being paid in any given period[104]. - The Board will consider the Group's financial performance and future expansion plans when proposing dividend payouts[102]. - The Company has maintained a sufficient public float of not less than 25% of the total issued shares as required under the GEM Listing Rules[174]. - The Company has maintained directors' and officers' liability insurance throughout the year, providing coverage for legal actions against its directors and officers[199].

Financial Performance - Turnover from continuing operations was approximately HK$84,016,000 for the three months and HK$135,768,000 for the nine months ended December 31, 2018, compared to HK$5,374,000 and HK$5,657,000 for the corresponding periods last year, representing an increase of 1,564% and 2,295% respectively[7] - Profit attributable to owners of the Company was approximately HK$2,654,000 for the three months ended December 31, 2018, compared to a loss of HK$3,980,000 for the same period last year, indicating a turnaround[7] - Loss attributable to owners of the Company for the nine months ended December 31, 2018, was approximately HK$4,681,000, an improvement from a loss of HK$7,717,000 for the corresponding period last year[7] - Gross profit from continuing operations was HK$578,000 for the three months and HK$864,000 for the nine months ended December 31, 2018, compared to HK$181,000 and HK$429,000 for the same periods last year, reflecting an increase of 219% and 101% respectively[12] - The profit for the period ended 31 December 2018 was HK$2,938,000, compared to a loss of HK$6,485,000 in the same period of 2017[15] - Total revenue from continuing operations for the three months ended 31 December 2018 was HK$84,029,000, significantly up from HK$5,377,000 in the same period of 2017[28] - The Group's total revenue for the nine months ended 31 December 2018 was HK$135,820,000, compared to HK$19,477,000 for the same period in 2017[28] - Total comprehensive income for the period was HK$3,005,000, compared to a total comprehensive loss of HK$1,647,000 in the previous year[15] - The profit from discontinued operations for the three months ended December 31, 2018, was HK$5,967,000, while for the nine months it was HK$5,304,000[57] Loss and Taxation - Loss before tax from continuing operations was HK$3,127,000 for the three months and HK$10,859,000 for the nine months ended December 31, 2018, compared to losses of HK$2,858,000 and HK$4,007,000 for the same periods last year[12] - The total loss for the period from continuing operations was HK$3,029,000 for the three months ended December 31, 2018, compared to HK$3,549,000 for the same period last year[12] - The Group has no assessable profit from its operations for the three months and nine months ended December 31, 2018, resulting in no provision for current tax[81] - The Hong Kong Profits Tax is calculated at a rate of 16.5% on the estimated assessable profit for the periods ended December 31, 2018, and 2017[82] Dividends - The board of directors does not recommend the payment of a quarterly dividend for the three months ended December 31, 2018, consistent with the previous year[7] - The Board does not recommend the payment of a dividend for the three months and nine months ended 31 December 2018[127] Business Operations - The Company experienced significant growth in turnover, indicating a positive trend in business operations and market performance[9] - The Group's operating lease rental income for the three months ended 31 December 2018 was HK$6,051,000, up from HK$4,563,000 in the same period of 2017[28] - The forestry business focuses on research and growing of forestry products for the clean energy sector[33] - The landscaping and earth-rock engineering business was discontinued on 1 November 2018[35] - The Group has ceased to have any interests in Best Sky and its subsidiaries after the completion of the disposal of 51% equity interest in Best Sky on November 1, 2018[140] - The Group is actively seeking new investment opportunities to further diversify its activities and strengthen its revenue base[149] - The Group expects to commence selling part of the residential portion of its property and leasing certain residential areas when the property market revives[138] Share Options and Capital - The 2012 Share Option Scheme allows for the issuance of share options up to a maximum of 10% of the company's issued share capital at the time of grant[158] - On February 4, 2016, the company granted share options to consultants and employees at an exercise price of HK$0.264 per share, totaling 112,000,000 shares[159] - As of December 31, 2018, there were no share options granted, cancelled, exercised, or lapsed under the 2012 Share Option Scheme, and no directors or executives exercised any rights to subscribe for equity or debt securities[184] - The total number of share options outstanding as of December 31, 2018, was 112,000,000[181] Governance and Management - The Board of Directors consists of two executive directors, one non-executive director, and three independent non-executive directors, with a recent resignation on September 21, 2018[189] - The company has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, to ensure effective governance[194] - The Audit Committee, comprising three independent non-executive directors, regularly reviews the effectiveness of the internal control system and the Group's quarterly, interim, and annual reports[195] - The Nomination Committee is responsible for reviewing the composition of the Board and nominating suitably qualified candidates, with a recent appointment made on September 21, 2018[196] - The company has complied with the Corporate Governance Code throughout the nine months ended December 31, 2018[188] Assets and Liabilities - As of December 31, 2018, the Group's cash and bank deposits amounted to approximately HK$36,170,000, a decrease of about 38.82% from HK$59,116,000 as of March 31, 2018[147] - The Group had net current assets of approximately HK$134,870,000 as of December 31, 2018, compared to HK$112,986,000 as of March 31, 2018[147] - At the end of the reporting period, the Group had commitments for future minimum lease payments under non-cancelable operating leases amounting to HK$694,000[118] - The Group had no outstanding commitments in respect of capital expenditure contracted for but not provided for in the financial statements[120] Key Management Compensation - The Group's remuneration for key management personnel for the nine months ended 31 December 2018 was approximately HK$1,659,000[126]