Financial Performance - For the three months ended March 31, 2021, the group's total revenue was approximately HKD 40,100,000, an increase of 7.5% compared to the same period in 2020[5] - The group recorded a gross profit of approximately HKD 9,300,000 for the three months ended March 31, 2021, compared to HKD 9,400,000 for the same period in 2020[5] - The loss attributable to owners of the company for the three months ended March 31, 2021, was approximately HKD 3,200,000, significantly reduced from HKD 76,100,000 in the same period of 2020[5] - The basic loss per share for the three months ended March 31, 2021, was HKD 0.13, compared to HKD 3.67 for the same period in 2020[5] - The total comprehensive loss for the three months ended March 31, 2021, was HKD 5,275,000, compared to HKD 89,674,000 for the same period in 2020[8] - The company reported a net loss attributable to shareholders of HKD (3,173,000) for the three months ended March 31, 2021, compared to a net loss of HKD (76,071,000) in the same period of 2020[22] - Basic and diluted loss per share for the three months ended March 31, 2021, was HKD (0.13), an improvement from HKD (3.67) in the same period of 2020[22] - The company incurred tax expenses of HKD 1,257,000 for the three months ended March 31, 2021, compared to HKD 549,000 in the same period of 2020[19] Revenue Breakdown - For the three months ended March 31, 2021, the company's revenue from information appliances was HKD 29,951,000, a decrease of 2.2% from HKD 30,634,000 in the same period of 2020[17] - Revenue from IDC property and facility rental income increased to HKD 10,178,000, up 52.5% from HKD 6,682,000 year-on-year[17] - Total revenue for the three months ended March 31, 2021, was HKD 40,129,000, representing a 7.3% increase compared to HKD 37,316,000 in the same period of 2020[17] - The company generated approximately HKD 10,200,000 from its IDC business, up from HKD 6,700,000 in the same period last year[31] - Other income from rental income of investment properties was HKD 2,215,000, an increase from HKD 1,785,000 year-on-year[18] - Interest income from bank deposits decreased to HKD 107,000 from HKD 600,000 in the previous year[18] Equity and Dividends - As of March 31, 2021, the total equity attributable to owners of the company was approximately HKD 2,251,400,000, up from HKD 2,173,700,000 as of December 31, 2020[5] - The board of directors did not recommend the payment of an interim dividend for the three months ended March 31, 2021[5] Strategic Initiatives - The company plans to sell its indirect wholly-owned subsidiary, Shanghai Yiding Electronic Technology Co., Ltd., for USD 68,000,000 (approximately HKD 530,400,000) to Empress Investments Pte. Ltd.[24] - The company entered into a memorandum of understanding to acquire 3,000 A10 pro supercomputing servers for RMB 70,000,000[26] - The first phase of the IDC project in the United States is expected to be delivered in the first half of 2021, despite delays due to COVID-19[33] - The company is focusing on improving risk management systems across various aspects of its strategy, operations, and financing[43] - The IDC business segment is expected to contribute to revenue growth, with the first phase of a project in San Jose, USA, anticipated to be delivered in the first half of 2021[47] - The company aims to build high-performance, easily maintainable, and flexible IDC facilities in key cities and regions to enhance competitiveness[47] - The information appliance business is expected to grow, with a focus on maintaining strong market competitiveness through continuous technological investment and innovation[49] Compliance and Governance - The company emphasizes compliance with applicable laws and regulations in China, Hong Kong, and the USA, ensuring operational compliance[45] - The company is committed to high standards of corporate governance, adhering to the corporate governance code[60] - All directors confirmed compliance with the trading standards set forth in GEM Listing Rules during the period[65] - The audit committee has reviewed the unaudited condensed consolidated financial statements and believes they comply with applicable accounting standards[63] Shareholder Information - As of March 31, 2021, Unicorn Resources Inc. holds 741,379,800 shares, representing approximately 29.80% of the company's issued share capital[53] - Hongqiao Group Limited owns 351,867,200 shares, accounting for approximately 14.14% of the company's issued share capital[53] - The total number of shares outstanding as of March 31, 2021, is 2,487,704,800 shares[57] Market Conditions and Risks - The management acknowledges ongoing market uncertainties but remains committed to providing quality services and creating long-term value[49] - The company is actively monitoring risks such as intense competition, rapid product iteration, and fluctuations in the RMB exchange rate[43] - The company has not reported any significant investments or acquisitions during the reporting period, aside from those mentioned[41] - The company has not disclosed any new product developments or market expansions in the current report[54]

IDC Business Performance - The IDC business segment achieved steady revenue growth in 2020, with the completion of sale-and-leaseback arrangements contributing to increased IDC business revenue[7]. - The construction progress of the IDC project in San Jose, USA was delayed due to COVID-19, with the first phase expected to be delivered in the first half of 2021[7]. - The company aims to build high-performance, easily maintainable, and flexibly expandable intelligent IDC facilities in key cities and regions to enhance competitiveness[7]. - The digital economy is thriving, with increasing demand for online services and high data traffic presenting both challenges and opportunities for the IDC industry[7]. - The company’s strategic focus includes expanding its global IDC business and enhancing its capabilities in cloud computing[4]. - The company plans to conduct feasibility studies for a second data center in the USA, aiming to enhance its competitive edge in the IDC industry[52]. - The IDC business generated revenue of approximately HKD 36,000,000, representing 11.7% of total revenue, an increase from HKD 27,300,000 in the previous year[38]. - The group plans to continue allocating resources to the IDC business, which is still in the investment phase[38]. Information Appliance Business - The information appliance business is focused on becoming a leading provider of broadband multimedia terminal technology solutions, with a gradual recovery in customer procurement orders in the second half of 2020[8]. - The revenue from the information home appliance business was approximately HKD 271,400,000, a decrease of 16.6% compared to the previous year[23]. - The group's revenue from the information appliance business decreased by 16.6% to approximately HKD 271,400,000, accounting for 88.3% of total revenue[37]. - The information appliance business is focused on becoming a leading provider of broadband audio-visual multimedia terminal technology solutions, with a gradual recovery in customer procurement orders in the second half of 2020[53]. - The company emphasizes continuous investment in technology and R&D innovation to maintain strong market competitiveness and improve profitability in the information appliance sector[53]. Financial Performance - The company's revenue for the year 2020 was approximately HKD 307,378,000, a decrease of 5.5% compared to HKD 325,312,000 in 2019[19]. - The profit attributable to the company's owners for 2020 was HKD 21,914,000, down 47.3% from HKD 41,484,000 in 2019[19]. - The gross profit for the year increased by 44.4% to approximately HKD 51,300,000, despite a decline in overall revenue[23]. - The company recorded a net loss of approximately HKD 4,400,000 from the revaluation of investment properties in 2020[25]. - Financing costs decreased by 51.3% to approximately HKD 3,100,000 due to lower borrowing rates[29]. - The company's current ratio as of December 31, 2020, was 2.8 times, indicating a strong liquidity position[31]. - The total assets of the company as of December 31, 2020, were approximately HKD 2,494,242,000[20]. - The company’s total equity attributable to owners increased to HKD 2,173,679,000 from HKD 2,106,628,000 in 2019[20]. - The investment division recorded a profit of approximately HKD 25,600,000, down from HKD 70,800,000 the previous year, primarily due to a net gain of approximately HKD 32,000,000 from financial assets[38]. - The group confirmed a net revaluation loss of approximately HKD 3,800,000 in the leasing division, resulting in a loss of approximately HKD 500,000[39]. - The domestic market revenue increased by 35.1% to approximately HKD 118,300,000, while revenue from overseas markets decreased by 17.3% to approximately HKD 158,900,000[39]. - The group recorded a net foreign exchange loss of approximately HKD 1,900,000 during the year[41]. - The group has not made any significant investments or acquisitions during the year, except for a sale and leaseback agreement worth HKD 60,000,000[34]. Corporate Governance - The board of directors is responsible for overall strategy, monitoring operations, and financial performance[120]. - The company has established long-term cooperative relationships with major suppliers and customers[108]. - The board consists of nine members, including six executive directors and three independent non-executive directors, ensuring compliance with GEM listing rules[123]. - The board held a total of four meetings in the year, reviewing the group's financial performance and major investments[126]. - All independent non-executive directors confirmed their independence according to GEM listing rules, with their terms set for two years[125]. - The company has established a board diversity policy, focusing on skills, experience, and opinions to enhance board effectiveness[145]. - The roles of the chairman and CEO are held by different individuals, with Mr. Li Qiang as chairman and Mr. Gao Fei as CEO[146]. - The company has three board committees: Audit Committee, Remuneration Committee, and Nomination Committee, each with defined responsibilities[147]. - The company provides ongoing training for directors to ensure they are updated on GEM listing rules and regulatory changes[144]. - The board has a clear appointment and re-election process for directors, ensuring transparency and adherence to governance codes[141]. - The company has received confirmation of independence from all independent non-executive directors, affirming their compliance with governance standards[125]. - The attendance record for directors at meetings was consistently high, with all executive directors attending all four board meetings[130-139]. - The audit committee held four meetings during the year to review quarterly, interim, and annual financial performance and compliance procedures[153]. - The remuneration committee conducted one meeting to review the remuneration of directors and senior management, ensuring transparency in the remuneration policy[154]. - The nomination committee held one meeting to review the retirement and re-election of directors at the annual general meeting[158]. Environmental and Social Responsibility - The company is committed to building environmentally friendly operations, minimizing adverse environmental impacts, and encouraging resource recycling among employees[48]. - The company has established a sustainable development culture that integrates into its operational strategies, focusing on environmental management and compliance with EU regulations[185]. - The company is committed to reducing environmental impacts and enhancing sustainability awareness within its operations[185]. - The total greenhouse gas emissions for the Beijing headquarters were 262.66 tons CO2 equivalent, with a density of 2.71 tons CO2 equivalent per person[200]. - The total greenhouse gas emissions for the Zhongshan factory were 9.69 tons CO2 equivalent, with a density of 0.88 tons CO2 equivalent per person[200]. - Direct greenhouse gas emissions (Scope 1) for the Beijing headquarters were 59.46 tons, while for the Zhongshan factory they were 1.24 tons[200]. - Indirect greenhouse gas emissions (Scope 2) for the Beijing headquarters were 167.79 tons, and for the Zhongshan factory they were 8.45 tons[200]. - The nitrogen oxides (NOx) emissions from the Beijing headquarters were 40.64 kg, while the Zhongshan factory emitted 0.384 kg[198]. - The sulfur oxides (SOx) emissions from the Beijing headquarters were 0.092 kg, while the Zhongshan factory emitted 0.008 kg[198]. - The particulate matter (PM) emissions from the Beijing headquarters were 3.89 kg, while the Zhongshan factory emitted 0.028 kg[198]. - The total direct and indirect greenhouse gas emissions for the Beijing headquarters decreased by approximately 23% compared to the previous reporting year[198]. - The emissions from the Zhongshan factory increased by approximately 16% compared to the previous reporting year[198]. - The company is committed to improving its environmental management system and reducing emissions through innovative technologies and new products[196].

Financial Performance - For the nine months ended September 30, 2020, the group's total revenue was approximately HKD 246.5 million, a decrease of 5.8% compared to the same period in 2019[5]. - The overall gross profit for the nine months ended September 30, 2020, was approximately HKD 39.6 million, compared to HKD 26.1 million for the same period in 2019[5]. - The company recorded a loss attributable to owners of approximately HKD 26.8 million for the nine months ended September 30, 2020, compared to a profit of HKD 41.5 million for the same period in 2019[5]. - Basic loss per share for the nine months ended September 30, 2020, was HKD 0.01, compared to a basic earnings per share of HKD 0.02 for the same period in 2019[5]. - The total comprehensive loss for the nine months ended September 30, 2020, was HKD 15.3 million, compared to a total comprehensive income of HKD 20.1 million for the same period in 2019[8]. - The group recorded a net loss of approximately HKD 26.8 million attributable to shareholders, compared to a profit of approximately HKD 41.5 million for the nine months ended September 30, 2019[35]. Revenue Breakdown - Total revenue from information appliances sales for the nine months ended September 30, 2020, was HKD 220,516,000, down from HKD 261,670,000 in 2019, a decrease of 15.7%[18]. - The IDC business generated revenue of approximately HKD 26.0 million, accounting for about 10.5% of the total revenue, compared to approximately HKD 20.6 million for the same period last year[32]. - Rental income from IDC properties for the nine months ended September 30, 2020, was approximately HKD 25,971,000, compared to HKD 20,583,000 for the same period in 2019, representing an increase of 26.5%[17]. - For the nine months ended September 30, 2020, the group's revenue from the information appliance business was approximately HKD 220.5 million, a decrease of 15.7% year-on-year, while for the three months, it was approximately HKD 117.9 million, an increase of 110.9% year-on-year[30]. Expenses and Costs - Distribution and selling expenses decreased by 9.0% year-on-year to approximately HKD 6.1 million, while general and administrative expenses decreased by 30.6% year-on-year to approximately HKD 43.9 million[31]. - Financing costs decreased by 55.9% year-on-year to approximately HKD 2.3 million due to reduced bank borrowings and interest rates[31]. - Other income for the nine months ended September 30, 2020, totaled HKD 24,197,000, a decrease of 45.8% from HKD 44,657,000 in the same period of 2019[19]. Equity and Dividends - As of September 30, 2020, the total equity attributable to owners of the company was approximately HKD 2,091.7 million, slightly down from HKD 2,106.6 million as of December 31, 2019[5]. - The board of directors did not recommend the payment of an interim dividend for the nine months ended September 30, 2020[5]. - The company did not declare an interim dividend for the nine months ended September 30, 2020, consistent with the previous year[28]. Shareholder Information - As of September 30, 2020, major shareholder Hongqiao Group Limited holds 450,357,200 shares, representing 21.72% of the company's issued share capital[49]. - The company’s directors and senior executives hold a total of 37,684,756 shares, representing approximately 1.84% of the company's issued share capital[46]. - Cloudrider Limited's equity in the company dropped from 21.72% to 0% after the execution of 450,357,200 shares[1]. - Bronze Pony Investments Limited agreed to purchase 400,000,000 ordinary shares from Hongqiao on June 19, 2020[2]. - Yip Po Investment holds 200,000,000 shares, representing 9.65% of the company's equity[3]. - Zhu Weisha holds equity in the company through Yulong, amounting to 121,533,800 shares[4]. Corporate Governance - The company has adhered to the corporate governance code as per GEM listing rules during the period[7]. - An audit committee has been established, consisting of three independent non-executive directors[8]. - The company did not purchase, sell, or redeem any of its listed securities during the period[9]. - All directors confirmed compliance with the trading standards set forth in the GEM listing rules during the period[10]. Business Development and Strategy - The group is currently constructing its first IDC project in the United States, with the first phase expected to be delivered by the end of 2020 and the second phase anticipated to be completed in 2021[34]. - The group aims to expand its overseas small and medium-sized operator market to increase revenue and improve the overall gross margin of its information appliance business[42]. - The group is actively developing international IDC and cloud computing technology businesses, aiming to provide secure and reliable data center facilities and services to well-known enterprises domestically and internationally[43]. - The group plans to actively seek cooperation through new construction or acquisitions in domestic, Hong Kong, and overseas markets to develop into a big data company[44]. - The group aims to establish international cloud computing data centers for large enterprises and provide integrated solutions for SMEs in the Greater China region[43]. - The group is focusing on the rapid advancement of IDC construction based on 5G technology, driven by the explosion of data volume from emerging technologies[43]. - Despite challenges posed by COVID-19, the management team is committed to providing high-quality information appliances and IDC services[45].

Financial Performance - For the six months ended June 30, 2020, the group's total revenue was approximately HKD 118.8 million, a decrease of 42.2% compared to the same period in 2019[5]. - The group recorded a gross profit of approximately HKD 17.1 million for the six months ended June 30, 2020, compared to HKD 16.5 million in the same period of 2019[5]. - The loss attributable to owners of the company for the six months ended June 30, 2020, was approximately HKD 52.6 million, compared to a profit of HKD 90.3 million in the same period of 2019[5]. - Basic loss per share for the six months ended June 30, 2020, was HKD 0.03, compared to earnings of HKD 0.05 per share in the same period of 2019[5]. - The comprehensive loss for the six months ended June 30, 2020, was HKD 67.0 million, compared to a comprehensive income of HKD 87.9 million in the same period of 2019[8]. - The group reported a net loss of HKD 52,753,000 for the six months ended June 30, 2020, compared to a profit of HKD 89,541,000 for the same period in 2019[42]. - The group’s total assets and liabilities have been allocated to the reportable segments, ensuring a clear view of financial performance across divisions[39]. - The group reported a significant decrease in net income from HKD 160,634,000 in the first half of 2019 to HKD (10,413,000) in the first half of 2020[71]. Equity and Dividends - As of June 30, 2020, total equity attributable to owners of the company was approximately HKD 2,039.8 million, down from HKD 2,106.6 million as of December 31, 2019[5]. - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2020, consistent with the previous year[5]. - The company reported a decrease in total equity from HKD 2,106,628 thousand to HKD 2,038,773 thousand, a drop of 3.2%[12]. - The company maintained a stable dividend payout of HKD 31 thousand, unchanged from the previous period[11]. Assets and Liabilities - Non-current assets totaled HKD 1,633,055 thousand as of June 30, 2020, compared to HKD 1,582,777 thousand as of December 31, 2019, representing an increase of 3.2%[9]. - Current assets decreased to HKD 710,988 thousand from HKD 937,295 thousand, a decline of 24.1%[9]. - Total liabilities decreased from HKD 384,754 thousand to HKD 275,039 thousand, a reduction of 28.5%[11]. - The net asset value stood at HKD 2,038,773 thousand, down from HKD 2,105,805 thousand, reflecting a decrease of 3.2%[11]. - The company reported trade receivables of HKD 84,734,000 as of June 30, 2020, up from HKD 79,474,000 as of December 31, 2019[64]. - The group’s total liabilities as of June 30, 2020, were HKD 140.418 million, a decrease from HKD 258.493 million as of December 31, 2019[75]. Cash Flow - For the six months ended June 30, 2020, the net cash used in operating activities was HKD (16,622,000), a significant decrease compared to HKD 50,521,000 for the same period in 2019[19]. - The net cash used in investing activities amounted to HKD (179,336,000), compared to a net cash generated of HKD 74,345,000 in the previous year[19]. - The total cash and cash equivalents decreased by HKD (190,797,000), contrasting with an increase of HKD 32,618,000 in the same period last year[19]. - As of June 30, 2020, the cash and cash equivalents stood at HKD 162,256,000, down from HKD 366,143,000 at the end of 2019[19]. Segment Performance - The revenue from the information appliances business for the six months ended June 30, 2020, was approximately HKD 102,567,000, while rental income from IDC properties and facilities was about HKD 16,245,000[34]. - For the six months ended June 30, 2020, the total segment revenue was HKD 75,751,000, with a segment loss before tax of HKD 52,174,000[41]. - The IDC business recorded revenue of approximately HKD 16.2 million, accounting for 13.7% of total revenue, with a profit of approximately HKD 8.8 million[101]. - The investment division recorded a loss of approximately HKD 51.8 million, primarily due to poor performance in the capital market[102]. Investment and Market Conditions - The fair value of investment properties was reported at HKD 419,462,000, with HKD 87,782,000 classified as Level 2 inputs and HKD 331,680,000 as Level 3 inputs[26]. - The fair value of financial assets measured at fair value through profit or loss was HKD 578,170,000, with HKD 507,677,000 classified as Level 1 inputs[26]. - The group’s investment portfolio experienced a net loss of approximately HKD 50,400,000 due to adverse capital market conditions, compared to a net gain of approximately HKD 94,300,000 in the same period last year[109]. - The group’s investment strategy focuses on receiving dividends and long-term asset appreciation[13]. Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15[143]. - The audit committee consists of three independent non-executive directors, including Ms. Shen Yan as the chairperson[144]. - The committee reviewed the unaudited interim results and confirmed compliance with applicable accounting standards[146]. - The company emphasizes the importance of sound corporate governance practices for sustainable growth and shareholder value enhancement[142].

Financial Performance - For the three months ended March 31, 2020, the group's total revenue and gross profit were approximately HKD 37,300,000 and HKD 9,400,000, respectively, compared to HKD 126,900,000 and HKD 8,900,000 for the same period in 2019[5] - The loss attributable to owners of the company for the three months ended March 31, 2020, was approximately HKD 76,100,000, compared to a profit of HKD 110,300,000 for the same period in 2019[5] - The basic loss per share for the three months ended March 31, 2020, was HKD 0.04, compared to a basic earnings per share of HKD 0.06 for the same period in 2019[5] - The total comprehensive loss for the three months ended March 31, 2020, was HKD 89,674,000, compared to HKD 124,721,000 for the same period in 2019[8] - The operating loss for the three months ended March 31, 2020, was HKD (74,694,000), compared to an operating profit of HKD 112,227,000 for the same period in 2019[6] - The pre-tax loss for the three months ended March 31, 2020, was HKD (75,649,000), compared to a pre-tax profit of HKD 110,328,000 for the same period in 2019[6] - The company reported a loss attributable to shareholders of HKD 76,071,000 for the three months ended March 31, 2020, compared to a profit of HKD 110,328,000 for the same period in 2019[25] - Other income for the three months ended March 31, 2020, was HKD 6,267,000, a decrease from HKD 13,573,000 in the same period of 2019, reflecting a decline of 53.8%[21] - The company experienced a net loss of HKD 72,434,000 from financial assets measured at fair value through profit or loss for the three months ended March 31, 2020, compared to a gain of HKD 110,841,000 in the same period of 2019[21] Revenue Breakdown - For the three months ended March 31, 2020, revenue from information home appliances was approximately HKD 30,634,000, a decrease of 76.1% compared to HKD 126,912,000 for the same period in 2019[20] - The total revenue for the three months ended March 31, 2020, was HKD 37,316,000, down from HKD 126,912,000 in the same period of the previous year, representing a decline of 70.7%[20] - The revenue from the information appliances business dropped to approximately HKD 30,600,000, a decline of 75.9% year-on-year[32] - The gross profit from the information appliances business decreased by 69.3% to approximately HKD 2,700,000 compared to the previous year[32] Equity and Dividends - As of March 31, 2020, the total equity attributable to owners of the company was approximately HKD 2,017,100,000, compared to HKD 2,106,600,000 as of December 31, 2019[5] - The board of directors did not recommend the payment of an interim dividend for the three months ended March 31, 2020, consistent with the same period in 2019[5] - The company did not declare an interim dividend for the period, consistent with the previous year[31] Business Operations - The company’s main operating businesses include information home appliances, internet data centers (IDC), and investment and leasing[18] - Rental income from IDC properties for the three months ended March 31, 2020, was approximately HKD 6,682,000, while there was no rental income reported for the same period in 2019[19] - The IDC business generated rental income of approximately HKD 6,700,000, down from HKD 7,000,000 in the same period last year[34] - The company plans to continue investing in its IDC business, with the first phase of its U.S. IDC project expected to be delivered in the second half of 2020[34] - The first phase of the IDC project is expected to be delivered in the second half of 2020, with the second phase projected to be completed in 2021, and feasibility studies for a second data center in the United States are underway[44] Corporate Governance and Compliance - The company has complied with all applicable laws and regulations in China, Hong Kong, and the United States during the reporting period[40] - The company is committed to high standards of corporate governance to ensure sustainable growth and protect shareholder interests[56] - The audit committee, consisting of three independent non-executive directors, has reviewed the financial statements and ensured compliance with applicable accounting standards[60] - All directors confirmed compliance with the trading standards for securities transactions during the period[62] Risk Management and Future Outlook - The company is actively monitoring various risks, including competition in the information appliances market and uncertainties in the IDC business[38] - The company anticipates facing significant challenges in 2020 due to the complex international environment and the impact of COVID-19 on global economic activities[44] - The company is focused on continuous improvement and enhancement of its core products and performance, leveraging its years of technical accumulation and independent R&D capabilities[41] - The company aims to increase its operating income by expanding into the overseas small and medium-sized operator market, while also improving the overall gross margin of its information home appliance business[41] Shareholding Structure - As of March 31, 2020, Hongqiao Group Limited holds 450,357,200 shares, representing 21.72% of the company's issued share capital[48] - Thousand Best Group Limited owns 200,000,000 shares, accounting for 9.65% of the company's equity[48] - Yulong Limited holds 121,533,800 shares, which is 5.86% of the total issued share capital[48] - The company holds a total of 4,604,000 shares (0.22%) owned by a director, and 22,660,000 shares (1.09%) owned by another director as of March 31, 2020[45] Environmental Commitment - The company has a strong commitment to environmental protection, with no significant waste generation or air pollutants emitted during operations[39]

Financial Performance - The company's revenue for 2019 was HKD 325.3 million, a decrease of 18.8% from HKD 400.8 million in 2018[11]. - Operating profit for 2019 was HKD 61.1 million, compared to an operating loss of HKD 333.1 million in 2018, indicating a significant turnaround[11]. - Net profit attributable to shareholders for 2019 was HKD 41.5 million, recovering from a loss of HKD 397.9 million in the previous year[11]. - The total equity attributable to shareholders increased to HKD 2.1 billion in 2019 from HKD 2.0 billion in 2018, reflecting a growth of 5.7%[11]. - Basic earnings per share for 2019 was HKD 0.02, a recovery from a loss per share of HKD 0.22 in 2018[11]. - The overall gross profit increased by 28.3% to approximately HKD 35.5 million, with a gross margin improvement to 10.9% from 6.9% in 2018[23]. - Other income and net gains increased significantly to approximately HKD 132.9 million, primarily due to fair value gains on financial assets[24]. - The company's total assets as of December 31, 2019, were HKD 2,520.1 million, with total liabilities of HKD 414.3 million[17]. - The current ratio was 2.4 times, indicating a strong liquidity position, while the debt-to-equity ratio was 19.7%[31]. - The company reduced its distribution and selling expenses by 49.6% to approximately HKD 7.8 million[26]. - Financing costs decreased significantly to approximately HKD 6.4 million, down from HKD 71 million in 2018[29]. - The company did not recommend the payment of a final dividend for the year ended December 31, 2019, consistent with the previous year[74]. Business Segments - The IDC business segment maintained stable profitability, with a new IDC project in San Jose, USA, expected to be operational in the first half of 2020[7]. - The information appliance segment recorded a profit of approximately HKD 5,000,000, a significant improvement from a loss of approximately HKD 53,800,000 in the previous year[38]. - The IDC segment generated a profit of approximately HKD 22,200,000, down from approximately HKD 42,500,000 in the previous year, with rental income of about HKD 27,300,000[38]. - The investment segment reported revenue of approximately HKD 70,800,000, a turnaround from a loss of approximately HKD 311,600,000 in the previous year, primarily due to a net gain of approximately HKD 70,300,000 from fair value adjustments[39]. Market Performance - The overseas market revenue decreased by 12.8% to approximately HKD 192,100,000, with the Australian market revenue down by 20.5% to approximately HKD 138,900,000[40]. - The Hong Kong market revenue fell by 36.0% to approximately HKD 45,600,000 due to market saturation[47]. - The group incurred a foreign exchange loss of approximately HKD 2,100,000 due to the depreciation of the Renminbi against the Hong Kong dollar[43]. Strategic Initiatives - The company is actively developing new products and exploring new markets to enhance its information home appliance business[7]. - The company plans to enhance its IDC business resource allocation and pursue international expansion in key cities and regions[8]. - The company aims to become a leading provider of IDC infrastructure in the big data era[8]. - The management emphasizes the importance of 2020 for the company's strategic goals and operational execution[8]. - The group is actively expanding its IDC business, with a construction contract for its first IDC project in the U.S. valued at approximately USD 62,500,000 (approximately HKD 487,500,000)[47]. - The group aims to enhance its competitive advantage by continuously improving its main products and performance, actively developing new products, and exploring new markets[54]. - The group plans to establish its first IDC in the United States, which is expected to enhance its IDC portfolio and open new revenue sources[57]. Corporate Governance - The company’s main business is investment holding, with detailed performance analysis by business and region available in the consolidated financial statements[70]. - The company’s financial performance and asset summary for the past five fiscal years are detailed in the report[77]. - The board of directors has established a dividend policy that considers financial performance, earnings, and operational needs[75]. - The company’s operational president has relevant experience in the telecommunications, media, and technology sectors[66]. - The company’s independent non-executive directors bring significant financial and auditing experience to the board[64]. - The company has complied with the corporate governance code as per GEM listing rules, with one exception regarding attendance at the annual general meeting[117]. - The board consists of seven members, including four executive directors and three independent non-executive directors, ensuring a diverse and experienced leadership team[124]. - The board has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, each with defined responsibilities[137]. Environmental and Social Responsibility - The group emphasizes the importance of sustainable development and integrates it into its operational strategies, including compliance with EU regulations on lead-free and non-toxic processes[166]. - The group actively seeks to reduce emissions and waste through innovative technologies and new products, aligning with global trends in emission reduction[168]. - The group requires contractors to comply with ISO14001 environmental management standards and conducts regular assessments to ensure adherence to environmental policies[167]. - The group has implemented measures to control waste generation and promote recycling and resource recovery, fulfilling its corporate social responsibility[168]. - The company promotes green procurement by prioritizing local suppliers and environmentally friendly products when purchasing office supplies and equipment[200]. - The company aims for a "zero waste" goal in waste management, promoting the 3R principles (Reduce, Reuse, Recycle) among employees[185]. - The total greenhouse gas emissions from the Beijing headquarters decreased by 17.62% compared to 2018, while the Zhongshan plant saw a reduction of 98.15%[174]. - The total nitrogen oxides (NOx) emissions from the Beijing headquarters in 2019 were 49.22 kg, down from 59.94 kg in 2018, representing a decrease of approximately 17.6%[172]. - The total sulfur oxides (SOx) emissions from the Beijing headquarters in 2019 were 0.11 kg, a slight decrease from 0.14 kg in 2018[172]. - The total particulate matter (PM) emissions from the Beijing headquarters in 2019 were 4.72 kg, down from 5.74 kg in 2018[172].

Financial Performance - For the nine months ended September 30, 2019, the group's total revenue was approximately HKD 261.7 million, representing a year-over-year increase of 23.7%[4] - The gross profit for the nine months ended September 30, 2019, rose by 108.9% to approximately HKD 26.1 million compared to the same period last year[4] - The profit attributable to owners of the company for the nine months ended September 30, 2019, was approximately HKD 41.5 million, a significant turnaround from a loss of HKD 292.6 million in the same period last year[4] - The basic earnings per share for the nine months ended September 30, 2019, was HKD 0.02, compared to a loss per share of HKD 0.16 for the same period last year[4] - The total comprehensive income for the nine months ended September 30, 2019, was HKD 20.1 million, compared to a loss of HKD 329.5 million in the same period last year[7] - The company reported a net loss of HKD 206,108,000 for the nine months ended September 30, 2019, compared to a net loss of HKD 154,797,000 for the same period in 2018[26] - The company recorded a loss attributable to owners of HKD 48.8 million for the three months ended September 30, 2019, compared to a loss of HKD 53.4 million in the same period last year[4] Equity and Assets - As of September 30, 2019, the total equity attributable to owners of the company was approximately HKD 2.1 billion, up from HKD 1.99 billion as of December 31, 2018[4] - The company's equity attributable to owners decreased to HKD 2,086,126, reflecting overall financial performance[10] - Total equity amounted to HKD 2,415,579, a decrease of 36,903 compared to the previous period[10] - Retained earnings reached HKD 1,538,958, reflecting a loss of HKD 292,550 during the period[10] Revenue Sources - Revenue from the Chinese market significantly increased to approximately HKD 69.1 million, up from HKD 8.5 million in the same period last year[38] - The overall revenue from the Hong Kong market decreased by 32.6% to approximately HKD 31.5 million due to market saturation[36] - The group recorded rental income from IDC leasing of approximately HKD 20,600,000 during the period, compared to HKD 21,600,000 for the nine months ended September 30, 2018[41] Expenses and Costs - Distribution and sales expenses decreased by 39.4% to approximately HKD 6.7 million for the nine months ended September 30, 2019[38] - Financing costs decreased significantly to approximately HKD 5.3 million, down from HKD 69.4 million for the same period in 2018[38] - The company reported a foreign exchange loss of HKD 20.9 million for the nine months ended September 30, 2019, compared to a loss of HKD 36.9 million in the same period last year[7] Stock Options and Share Issuance - The total number of shares that may be issued under the stock option plan is capped at 10% of the total issued share capital as of the adoption date, with a maximum of 30% for unexercised options pending shareholder approval[53] - In January 2015, the company granted stock options to 186 eligible participants for a total of 107,527,008 shares at an exercise price of HKD 2.20 per share, which can be exercised within five years[54] - In August 2019, the company granted stock options to 11 eligible participants for a total of 100,000,000 shares at an exercise price of HKD 0.33 per share, which can be exercised within three years[55] - The company recognized a non-cash share-based payment expense of approximately HKD 7,564,000 related to the unexercised and unvested stock options from the 2015 plan[54] - The company plans to continue utilizing stock options as part of its compensation strategy to attract and retain talent[59] Corporate Governance - The company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15[81] - The audit committee consists of three independent non-executive directors, ensuring compliance with applicable accounting standards[84] - All directors confirmed compliance with the trading standards set forth in GEM Listing Rules[86] Future Plans and Developments - The first phase of the IDC project in the U.S. is expected to be delivered by March 2020, with the second phase anticipated to be completed by the end of 2020[50] - The group plans to use approximately 70% of the net proceeds from the share issuance for the IDC project in the U.S. as of September 30, 2019[43] - The group aims to enhance its competitive advantage by continuously improving and developing new products in response to market opportunities[49] - The group is actively seeking international IDC and cloud computing business development, anticipating strong demand for cloud computing and big data services from Chinese enterprises overseas[49] - The group will conduct feasibility studies for establishing a second data center in the U.S. following the completion of the first phase of the IDC project[50] Risks and Compliance - The group emphasizes risk management in various aspects of its operations, particularly in response to market competition and regulatory changes affecting its investment business[45] - The company has not entered into any management contracts for overall business or significant operations during the reporting period[78] - There are no reported interests or potential conflicts of interest that could constitute competition with the group's business[79]

Financial Performance - For the six months ended June 30, 2019, the group's total revenue was approximately HKD 205,700,000, representing an increase of 24.9% compared to the same period in 2018[4]. - The group recorded a gross profit of approximately HKD 16,500,000 for the six months ended June 30, 2019, compared to a gross loss of HKD 4,100,000 in the same period of 2018[4]. - The profit attributable to owners of the company for the six months ended June 30, 2019, was approximately HKD 90,300,000, a significant recovery from a loss of HKD 239,200,000 in the same period of 2018[4]. - Basic earnings per share for the six months ended June 30, 2019, was HKD 0.05, compared to a basic loss per share of HKD 0.13 for the same period in 2018[4]. - The group reported a net profit of HKD 89,541,000 for the six months ended June 30, 2019, compared to a net loss of HKD 239,176,000 in the same period of 2018[7]. - The total comprehensive income for the six months ended June 30, 2019, was HKD 87,923,000, recovering from a total comprehensive loss of HKD 244,908,000 in the same period of 2018[7]. - The overall gross profit margin improved to 8.0%, up from 2.5% in the same period last year, resulting in a gross profit of approximately HKD 16.5 million, a significant increase of 306.1%[109]. - Other income and net income increased significantly to approximately HKD 124.1 million, compared to a net loss of approximately HKD 130.7 million in the same period last year, primarily due to a rebound in the stock market[110]. Assets and Liabilities - As of June 30, 2019, the total equity attributable to owners of the company was approximately HKD 2,076,600,000, an increase from HKD 1,987,900,000 as of December 31, 2018[4]. - Non-current assets totaled HKD 1,100,087 thousand as of June 30, 2019, compared to HKD 1,049,417 thousand as of December 31, 2018, reflecting an increase of approximately 4.8%[8]. - Current assets decreased to HKD 1,333,419 thousand from HKD 1,414,587 thousand, a decline of about 5.7%[8]. - Total liabilities decreased from HKD 447,722 thousand to HKD 328,052 thousand, representing a reduction of approximately 26.8%[10]. - The net asset value increased to HKD 2,075,830 thousand from HKD 1,987,932 thousand, marking an increase of about 4.4%[10]. - The company reported a significant reduction in financing costs, amounting to HKD 3,975,000 for the six months ended June 30, 2019, compared to HKD 67,649,000 in the same period of 2018[5]. Cash Flow - Operating cash generated from business for the six months ended June 30, 2019, was HKD 50,590,000, a decrease of 76.8% compared to HKD 217,665,000 in 2018[19]. - Net cash generated from investment activities was HKD 74,345,000, down 89.0% from HKD 676,985,000 in the previous year[19]. - Net cash used in financing activities was HKD 92,248,000, a significant reduction from HKD 876,283,000 in 2018[19]. - The net increase in cash and cash equivalents was HKD 32,618,000, compared to HKD 17,832,000 in the same period last year[19]. - Cash and cash equivalents at the end of the period reached HKD 366,143,000, compared to HKD 203,259,000 in the previous year[19]. Investments and Segments - The investment segment reported a total income of HKD 98,756,000 for the six months ended June 30, 2019, compared to a loss of HKD 169,524,000 for the same period in 2018[62]. - The rental segment generated income of HKD 3,921,000, with a net loss of HKD 1,800,000 due to adjustments[61]. - The IDC segment reported income of HKD 13,879,000, with a net gain of HKD 1,273,000[61]. - The total net income from all segments for the six months ended June 30, 2019 was HKD 116,694,000, compared to a net loss of HKD 148,487,000 in the previous year[62]. - The group invested approximately HKD 39,303,000 in construction and acquisition of properties, plants, and equipment in the U.S. for business expansion during the period[78]. Corporate Governance and Compliance - The company is committed to high standards of corporate governance, which is deemed essential for sustainable growth and shareholder value[169]. - The audit committee has reviewed the unaudited condensed interim results and believes they comply with applicable accounting standards[173]. - The company has adopted trading compliance standards for directors' securities transactions, confirming adherence during the period[175]. - There are no reported conflicts of interest or competitive business interests held by directors or controlling shareholders during the period[168]. Taxation - The group has been designated as "small and micro enterprises," allowing for a reduced corporate tax rate of 5% or 10% based on taxable income thresholds[6]. - The company has no taxable profits in Hong Kong for the periods ended June 30, 2019, and June 30, 2018, resulting in no provisions for Hong Kong profits tax[6]. - The company’s actual corporate income tax rate for a subsidiary in China was 15% for the six months ended June 30, 2019, compared to 9% for the same period in 2018[6]. Share Options and Ownership - As of June 30, 2019, the total number of shares issued under the share option plan was 179,211,680, representing 10% of the total issued shares at the time of the plan's adoption[144]. - The total number of share options granted is 107,527,008 with an exercise price of HKD 2.2[154]. - The total number of options exercised during the period is 0, indicating no options were exercised[159]. - Major shareholders Cloudrider Limited and Longyuan Holdings Limited each hold 450,357,200 shares, representing 24.98% of the company's issued share capital[161].

Financial Performance - For the three months ended March 31, 2019, the group's total revenue increased by 6.8% to approximately HKD 126,900,000 compared to the same period last year[4] - The gross profit for the same period rose by 67.8% to HKD 8,900,000, with an improved gross profit margin of 7.0% compared to 4.5% in the previous year[4] - The profit attributable to owners of the company for the three months was approximately HKD 110,300,000, a significant turnaround from a loss of HKD 40,100,000 in the same period last year[4] - Basic earnings per share for the period were HKD 0.06, compared to a loss per share of HKD 0.02 in the previous year[4] - The total comprehensive income for the period was HKD 124,721,000, compared to a loss of HKD 6,297,000 in the same period last year[7] - The operating profit for the three months was HKD 112,227,000, a significant improvement from an operating loss of HKD 3,478,000 in the previous year[5] - The group recorded a profit attributable to owners of the company of HKD 110,328,000, compared to a loss of HKD 40,122,000 in the same period last year[29] - Other income and net income surged to approximately HKD 125,800,000, up from HKD 20,000,000 in the same period last year, primarily due to a rebound in the stock market[41] Equity and Assets - As of March 31, 2019, total equity attributable to owners of the company was approximately HKD 2,112,700,000, up from HKD 1,987,900,000 as of December 31, 2018[4] - The company’s net asset value per share increased to HKD 1.2 from HKD 1.1 as of December 31, 2018[4] - The total equity attributable to the owners of the company as of March 31, 2018, was approximately HKD 2,409,282,000[11] Dividends - The company did not recommend the payment of any interim dividend for the three months ended March 31, 2019, consistent with the previous year[4] - The group did not recommend any interim dividend for the period, consistent with the previous year[37] Foreign Exchange and Lease Liabilities - The company reported a foreign exchange gain of HKD 14,393,000 from the translation of its subsidiaries in China[7] - The company recognized lease liabilities at a weighted average incremental borrowing rate of 2.65% for Hong Kong and 5.58% for China as of January 1, 2019[23] - The interest expense on lease liabilities and depreciation of right-of-use assets for the three months ended March 31, 2019, were approximately HKD 38,000 and HKD 529,000, respectively[23] Accounting Policies - The company confirmed that the accounting policies used for the preparation of the financial statements are consistent with those applied in the previous fiscal year[16] - The company adopted the cumulative effect transition method for the new lease accounting standard, resulting in minimal impact on financial performance and position[18] - The total equity as of January 1, 2019, was adjusted for the cumulative effect of the new lease standard[19] - The company's financial statements for the three months ended March 31, 2019, were not audited but reviewed by the audit committee[15] Market and Business Development - The group has entered into a construction contract for an Internet Data Center (IDC) in the United States, with a contract value of approximately USD 62,495,000 (equivalent to about HKD 487,459,000)[33] - The group plans to continue allocating resources to its IDC business, which is still in the investment phase[42] - The group is actively developing international IDC and cloud computing technology businesses, with the first IDC project in the U.S. entering the construction phase, expected to be delivered in 2019[51] - The group aims to expand its overseas market presence, particularly targeting small and medium-sized operators to increase revenue and improve overall gross margin of set-top box products[49] - The group plans to conduct feasibility studies for a second IDC in the U.S. following the completion of the first phase of its initial IDC project[51] Risk Management and Compliance - The group is focused on enhancing risk management systems across various aspects of its operations, particularly in response to market competition and regulatory changes in the Chinese stock market[46] - The group emphasizes environmental protection in its operations, generating no significant waste or air pollutants during its production processes[47] - The group is committed to compliance with applicable laws and regulations in China, Hong Kong, and the U.S., ensuring adherence across all major areas of operation[48] - The management anticipates a challenging year ahead due to global economic uncertainties and will focus on improving product performance and developing new products to seize market opportunities[49] Share Options and Ownership - As of March 31, 2019, the total number of unexercised stock options was 72,121,008 shares[57] - The average exercise price of the stock options granted was HKD 2.2[63] - The total number of stock options granted was 107,527,008[63] - The fair value of the stock options at the grant date was estimated between HKD 0.72 and HKD 0.75[63] - The expected volatility used in the valuation model was 46%[63] - The total number of stock options that lapsed during the period was 2,928,000[62] - As of March 31, 2019, the beneficial ownership of directors included 4,604,000 shares, representing 0.26% of the issued share capital[66] - The total number of shares held by the highest executive officer was 22,660,000, accounting for 1.26% of the issued share capital[66] - The total number of shares held by the trade or service providers was 920,000[57] - The total number of shares held by other qualified participants was 15,954,232 after adjustments[57] - As of March 31, 2019, major shareholders Cloudrider Limited and Longyuan Holdings Limited each hold 450,357,200 shares, representing approximately 24.98% of the company's issued share capital[71] Corporate Governance - The company is committed to high standards of corporate governance, believing it is essential for sustainable growth and protecting shareholder interests[77] - The company has complied with the corporate governance code as per GEM Listing Rules during the period[78] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated results for the period and confirmed compliance with applicable accounting standards[79] - The company has adopted the trading standards as per GEM Listing Rules for directors' securities transactions, and all directors confirmed compliance during the period[82] - No purchases, sales, or redemptions of the company's listed securities were made by the company or any of its subsidiaries during the period[80] - The company has not entered into any management contracts for overall business or any significant business during the period[75] - The company has not disclosed any interests or short positions in shares or related securities held by directors or senior management as of March 31, 2019[70] - The total number of share options granted to directors and senior management under the share option scheme amounts to 15,500,000 shares[69] - No individuals, other than those disclosed, have notified the company of any interests or short positions in shares or related securities as of March 31, 2019[74]

Financial Performance - The company's revenue for 2018 was HKD 400.8 million, a decrease of 33.5% from HKD 602.9 million in 2017[7]. - The operating loss for 2018 was HKD 333.1 million, compared to an operating profit of HKD 170.1 million in 2017[7]. - The net loss attributable to shareholders for 2018 was HKD 397.9 million, a significant decline from a profit of HKD 94.2 million in 2017[7]. - The total equity attributable to shareholders decreased to HKD 1,987.9 million from HKD 2,415.6 million in 2017[7]. - The basic loss per share for 2018 was HKD (0.22), compared to earnings of HKD 0.05 per share in 2017[7]. - The group's total revenue for the year ended December 31, 2018, was approximately HKD 400.8 million, a significant decrease of 33.5% compared to HKD 602.9 million in 2017[21]. - The group recorded a loss attributable to shareholders of approximately HKD 397.9 million for the year, compared to a profit of HKD 94.2 million in 2017[36]. - The overall gross profit margin improved to 6.9% in 2018, up from 4.8% in 2017, despite the significant revenue decline[28]. - The group confirmed other income and net losses of approximately HKD 239.1 million, down from HKD 288.7 million in 2017, primarily due to poor performance in the short-term investment portfolio[29]. - The total assets as of December 31, 2018, were HKD 2,464.0 million, while total liabilities were HKD 476.1 million[22]. - The group’s cash and bank balances were approximately HKD 172.5 million and HKD 254.7 million, respectively, as of December 31, 2018[37]. - The group aims to achieve profitability in 2019 after implementing cost-cutting measures, including outsourcing production lines[21]. - The group’s financing costs decreased to approximately HKD 71.0 million in 2018 from HKD 76.3 million in 2017 due to the repayment of certain term loans[35]. - The group recorded a net loss of approximately HKD 325.3 million from financial assets/liabilities at fair value, a significant decline from a net gain of HKD 49.0 million in 2017[29]. - The company issued convertible bonds with a principal amount of HKD 504,000,000 at an annual interest rate of 6%[39]. Business Strategy and Operations - The company is expanding its IDC business by establishing a large-scale data center in the United States[5]. - The company aims to become a leading cloud computing enterprise in the big data era by providing reliable data center facilities and services[5]. - The company focuses on value investment principles and aims for stable asset appreciation through financial innovation[5]. - The company has a comprehensive capability in hardware and software R&D, large-scale manufacturing, marketing, and customer service[5]. - The company is committed to developing the information home appliance and digital consumer product markets[5]. - The group plans to continue international expansion of its IDC business through new construction or acquisitions in core cities and regions[19]. - The company plans to continue allocating resources to the IDC segment, which is still in the investment phase[49]. - The company aims to enhance its product offerings and performance while actively developing new products to seize market opportunities[66]. - The company is expanding its international IDC and cloud computing business, responding to strong demand for cloud computing and big data services from Chinese enterprises overseas[66]. - The first phase of the IDC project in the United States is expected to be completed and delivered in 2019, with the second phase anticipated in 2020[69]. - The company plans to seek various collaborations domestically and internationally to establish itself as a leading cloud computing enterprise in the big data era[69]. Market Performance - The total revenue for the information appliance segment decreased significantly by 33.5% to approximately HKD 400,800,000, with sales orders dropping sharply due to market maturity[45]. - The investment segment recorded a substantial loss of approximately HKD 311,600,000, a shift from a profit of HKD 236,400,000 in the previous year, primarily due to adverse capital market conditions[48]. - The internet data center (IDC) segment achieved a profit of approximately HKD 42,500,000, a significant improvement from a loss of HKD 7,500,000 the previous year, driven by increased rental income[49]. - The overall revenue from the Chinese market increased by 207.2% to approximately HKD 109,200,000, while the overseas market revenue decreased by 45.0% to approximately HKD 220,400,000[50]. - The overall revenue in the Hong Kong market decreased by 57.2% to approximately HKD 71,200,000 due to the maturity of the IPTV market[56]. - Revenue from the overseas market dropped significantly by 45.0% to approximately HKD 220,400,000, with a notable decline of 52.2% in the Australian market to about HKD 174,700,000[56]. - Revenue from the Chinese market increased substantially by 207.2% to approximately HKD 109,200,000, driven by the sale of raw materials to outsourcing manufacturers[59]. - IDC rental income for the year was approximately HKD 28,400,000, up from HKD 9,200,000 in the previous year[59]. Environmental and Social Responsibility - The group reported a total greenhouse gas emissions of 80.91 tons CO2 equivalent in 2018, up from 60.16 tons in 2017, representing a 34.5% increase[189]. - The nitrogen oxides (NOx) emissions from the Beijing headquarters were 59.94 kg in 2018, compared to 54.66 kg in 2017, indicating a 9.5% increase[187]. - The total electricity consumption for indirect greenhouse gas emissions was 199,489.35 kWh in 2018, down from 268,055 kWh in 2017, reflecting a 25.6% decrease[189]. - The group aims to integrate sustainable development principles into its operational policies to enhance stakeholder value and reduce environmental impact[181]. - The group has implemented waste reduction measures to minimize potential environmental hazards, focusing on resource classification and recycling[183]. - The group’s direct greenhouse gas emissions from mobile sources included 9,194.9 liters of gasoline in 2018, an increase from 8,384.86 liters in 2017, which is a 9.7% rise[189]. - The group’s total sulfur oxides (SOx) emissions were 0.14 kg in 2018, slightly up from 0.12 kg in 2017, marking a 16.7% increase[187]. - The company has reduced hazardous waste by 60.82% in 2018 compared to 2017[197]. - In 2018, the total hazardous waste generated at the Zhongshan plant was 0.76 tons, down from 1.94 tons in 2017[200]. - The hazardous waste emission density per unit produced in Zhongshan was 0.003 kg/unit in 2018, up from 0.002 kg/unit in 2017[200]. - The company encourages the use of local suppliers to reduce transportation emissions and energy consumption[193]. - The company aims for "zero waste" in its waste management strategy, focusing on waste reduction and resource recycling[194]. - The company has implemented green environmental procedures for hazardous waste management since 2011[195]. - The company has prioritized modern communication methods to reduce business travel and associated carbon emissions[192]. Corporate Governance - The company has a strong management team with extensive experience in various sectors, enhancing its strategic decision-making capabilities[76]. - The company’s subsidiaries are involved in diverse business operations, contributing to its overall performance[81]. - The board consists of seven members, including four executive directors and three independent non-executive directors[133]. - The board meets at least four times a year to review financial performance and significant investments[137]. - All independent non-executive directors have confirmed their independence according to GEM listing rules[136]. - The company has adopted a board diversity policy, considering factors such as gender, age, and experience in director selection[145]. - The roles of chairman and CEO are held by different individuals, with Mr. Li Qiang as chairman and Mr. Gao Fei as CEO[146]. - The board is responsible for setting overall strategy and monitoring operational and financial performance[132]. - The company has established a three-year service agreement with each executive director, automatically renewing for one year unless terminated with six months' notice[98]. - The company has adopted trading standards for directors as per GEM listing rules, confirming compliance throughout the year[128]. - The company has established long-term cooperative relationships with major suppliers and customers, ensuring stable operations[117]. - The company has maintained appropriate directors and officers liability insurance for its directors and executives[115]. - The board has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, each responsible for different areas of the company's affairs[149]. - The Audit Committee conducted four meetings to review quarterly, interim, and annual financial performance and compliance procedures[157]. - The auditor's fees for the year amounted to HKD 1,550,000 for audit services and HKD 200,000 for non-audit services[160]. - The company secretary completed no less than 15 hours of relevant professional training during the year to update skills and knowledge[161]. - The board is responsible for reviewing the effectiveness of the internal control system and risk management procedures annually[163]. - The company maintains transparency by publishing quarterly, interim, and annual reports on its website and GEM[167]. - The company has not engaged in any purchase, sale, or redemption of its listed securities during the year[94]. - The company has not entered into any significant transactions or arrangements where directors have a substantial interest during the year[100]. - The company has not disclosed any new product developments or technological advancements in the current report[93]. - There were no acquisitions or market expansions reported during the year[93]. - The company has not provided specific future performance guidance or outlook in the current report[93]. - Major shareholders hold a total of 450,357,200 shares, representing 24.98% of the company's issued share capital[109]. - The largest supplier accounts for 19.6% of total purchases, while the top five suppliers combined account for 59.8%[114]. - The largest customer contributes 43.6% of total sales, with the top five customers accounting for 90.1% of sales[117]. - The company has not disclosed any significant related party transactions during the year[118]. - The independent non-executive director count was restored to compliance with GEM listing rules after the appointment of a new director on June 6, 2018[127]. - The company has not entered into any management contracts for overall or significant business operations during the year[116]. - The company’s financial performance, earnings, and distributable reserves will be considered when proposing dividends[86]. - The board will hold its 2019 annual general meeting on May 17, 2019, with a suspension of share transfer registration from May 14 to May 17, 2019[87]. - The company’s capital changes during the year are detailed in the consolidated financial statements[83]. - The company’s reserves changes during the year are detailed in the consolidated statement of changes in equity and financial statement notes[88].