Financial Performance - Revenue for the six months ended March 31, 2025, was HKD 167,749,000, representing a 52.9% increase from HKD 109,660,000 in the same period of 2024[4] - Gross profit for the same period was HKD 25,999,000, up 44.1% from HKD 18,053,000 year-on-year[4] - Operating profit for the six months was HKD 7,162,000, compared to an operating loss of HKD 3,915,000 in the previous year[4] - The net loss for the period was HKD 957,000, a significant improvement from a loss of HKD 7,022,000 in the prior year[5] - Total comprehensive loss for the period amounted to HKD 5,947,000, compared to a loss of HKD 5,353,000 in the same period last year[5] - The company reported a basic and diluted loss per share of HKD 1.93 for the period, compared to HKD 1.70 in the previous year[5] - The company reported a loss of HKD 8,798,000 for the six months ended March 31, 2025, compared to a loss of HKD 7,746,000 for the same period in 2024[27] - The company’s total comprehensive loss before tax for the six months ended March 31, 2025, was HKD 3,231,000, compared to a loss of HKD 7,353,000 for the same period in 2024[19] Revenue Breakdown - Revenue from external customers for the gas business was HKD 163,845,000, while the leasing business generated HKD 3,904,000, totaling HKD 167,749,000 for the period[15] - Revenue from gas sales increased significantly to HKD 153,608,000 for the six months ended March 31, 2025, compared to HKD 101,629,000 for the same period in 2024[20] - Revenue from natural gas sales in China reached HKD 153,608,000 for the six months ended March 31, 2025, compared to HKD 101,629,000 for the same period in 2024, representing a growth of 50.9%[21] - The total revenue for the six months ended March 31, 2025, was HKD 166,895,000, an increase from HKD 106,261,000 in the prior year, marking a growth of 57.0%[21] - For the six months ended March 31, 2024, revenue from external customers was HKD 109,660,000, with the gas business contributing HKD 104,470,000 and the leasing business HKD 5,190,000[18] Assets and Liabilities - Non-current assets as of March 31, 2025, totaled HKD 296,259,000, an increase from HKD 281,309,000 as of September 30, 2024[6] - Current liabilities were HKD 162,142,000, slightly up from HKD 161,251,000 in the previous period[7] - The company reported a net loss of HKD 957,000 for the six months ended March 31, 2025, with current liabilities amounting to HKD 121,762,000[8] - As of March 31, 2025, total segment assets were HKD 284,454,000, with total segment liabilities of HKD 204,914,000[16] - The group's total borrowings amounted to approximately HKD 157.45 million as of March 31, 2025, compared to HKD 147.50 million as of September 30, 2024, indicating a rise in financial leverage[40] - The debt-to-asset ratio was approximately 192% as of March 31, 2025, up from 152% as of September 30, 2024, reflecting increased financial risk[40] Operational Insights - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[4] - The company has two operating segments: gas business and leasing business, each requiring different technologies and marketing strategies[13] - The gas business segment is expected to continue growing, benefiting from the expansion project in Yichang and exclusive gas supply rights held by Yichang Biaodian[45] - The sales and leasing business is projected to increase revenue due to the growth in infrastructure and renovation projects driven by stable national economic development[46] - Management anticipates a positive impact on the group's core businesses due to an orderly economic recovery in the coming year[44] Corporate Governance and Compliance - The company has complied with all corporate governance codes except for the separation of the roles of chairman and CEO, which remains unfulfilled since April 2018[67] - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ending March 31, 2025, and provided feedback to the board[69] - The announcement is made in compliance with the Hong Kong Stock Exchange Listing Rules, ensuring the accuracy and completeness of the information provided[71] - The board of directors collectively and individually accepts responsibility for the accuracy of the announcement[71] - The announcement will be available on the Hong Kong Stock Exchange website and the company's website for at least seven days[71] Future Plans and Shareholder Actions - The board proposed a share consolidation and rights issue to raise approximately HKD 51.1 million, subject to shareholder approval by June 11, 2025[35] - The board proposed a share consolidation on November 15, 2024, merging every ten existing shares with a par value of HKD 0.01 into one consolidated share with a par value of HKD 0.1[50] - Following the share consolidation, the board plans to issue up to 182,344,000 rights shares at a subscription price of HKD 0.28 per rights share, aiming to raise approximately HKD 51.1 million[50] - The rights issue requires shareholder approval by June 11, 2025, and must meet other conditions to be completed[51] Staffing and Compensation - The group employed 64 staff as of March 31, 2025, up from 51 staff a year earlier, with compensation policies based on market terms and individual performance[53] Miscellaneous - No dividends were recommended for the six months ended March 31, 2025, consistent with the previous year[25] - No significant investments or acquisitions were reported for the six months ending March 31, 2025[54][55] - The company has not entered into any agreements to hedge against foreign exchange risks related to RMB as of March 31, 2025[52] - The deferred tax expense for the six months ended March 31, 2025, was a credit of HKD 496,000, compared to a credit of HKD 530,000 in the prior year[22] - The aging analysis of trade payables showed HKD 4,814,000 due within 90 days as of March 31, 2025, compared to HKD 3,980,000 as of September 30, 2024[32] - The company is currently facing a freeze on 25% equity in Yichang Biaodian valued at RMB 14.7 million, but daily operations are not expected to be adversely affected[33] - The company had trade receivables of HKD 5,630,000 as of March 31, 2025, down from HKD 9,873,000 as of September 30, 2024[29] - Financial costs for the six months ended March 31, 2025, were approximately HKD 3.93 million, up from HKD 3.44 million for the previous period, mainly due to increased interest from additional loans and non-convertible bonds[39]

Financial Performance - Revenue for the year ended September 30, 2024, was HK$221,212,000, representing an increase of 33.2% compared to HK$166,077,000 in 2023[12] - The company reported a loss of HK$10,766,000 for the year, compared to a profit of HK$13,686,000 in the previous year[12] - Basic and diluted loss per share for 2024 was HK(3.43) cents, compared to HK(2.68) cents in 2023[12] - The Group recorded a net loss of approximately HK$10.8 million for the year, a reversal from a profit of HK$13.7 million in the previous year[23] - The total comprehensive loss attributable to the owners of the company for the year ended September 30, 2024, was approximately HK$14,597,000, compared to a loss of HK$13,254,000 for the year ended September 30, 2023[62] Assets and Liabilities - Non-current assets increased to HK$281,309,000 in 2024 from HK$259,854,000 in 2023, reflecting a growth of 8.5%[12] - Current assets rose to HK$57,184,000 in 2024, up from HK$39,484,000 in 2023, marking a 45.4% increase[12] - Current liabilities increased to HK$161,251,000 in 2024 from HK$132,228,000 in 2023, an increase of 21.9%[12] - Non-current liabilities also rose to HK$93,623,000 in 2024, compared to HK$75,320,000 in 2023, which is a 24.3% increase[12] - Equity decreased to HK$83,619,000 in 2024 from HK$91,790,000 in 2023, a decline of 8.9%[12] Revenue Sources - The natural gas business accounted for approximately 96% of the Group's total revenue, generating about HK$213 million[23] - In the fiscal year 2024, the Group's natural gas sales revenue was approximately HK$205,113,000, an increase from HK$149,692,000 in fiscal year 2023, representing a growth of 37.1%[42] - Revenue from sales and leasing business was approximately HK$8.56 million for the year, down from HK$11.03 million in the previous year[39] Operating Expenses - Selling and distribution costs increased by approximately HK$4.0 million, representing a 40.9% increase, primarily due to higher depreciation charges[23] - The total operating expenses for the year were approximately HK$45.2 million, an increase of 5.4% compared to HK$42.9 million in the previous year[40] - Total operating expenses for fiscal year 2024 were approximately HK$45,234,000, up 5.4% from HK$42,923,000 in fiscal year 2023[42] Future Plans and Investments - The Group plans to construct two sections of high-pressure gas pipelines totaling approximately 23.33 kilometers to meet industrial gas demand, with a total investment of approximately RMB130 million[31] - The management expects the economy to recover in an orderly manner, positively impacting the group's two core businesses in the coming year[72] - Revenue from the natural gas operations segment is anticipated to continue growing due to the expansion project in Yichang Gaoxin District[73] Shareholder Actions - The company does not recommend the payment of a final dividend for the year ended September 30, 2024, consistent with the previous year[71] - A share consolidation is proposed, where every ten existing shares will be consolidated into one share, alongside a rights issue to raise approximately HK$51.1 million[85] - The company plans to implement a share consolidation on November 15, 2024, merging every ten existing shares into one share with a par value of HK$0.10[88] Management and Governance - The company has established a Human Resources and Remuneration Committee to regularly review remuneration policies and packages[100] - The board has instructed legal advisors to assess the potential legal consequences of a freezing action affecting the group, but daily operations remain unaffected[87] - The company is committed to maintaining high standards of corporate governance and transparency in its operations[113] Employment and Human Resources - As of September 30, 2024, the company employed 59 staff members, a decrease from 61 staff members as of September 30, 2023[98][100] - The remuneration of employees is determined based on market terms and individual performance, with Directors' emoluments recommended by the Human Resources and Remuneration Committee[186] Auditor and Compliance - RSM Hong Kong has been the auditor since January 30, 2019, and will offer itself for reappointment at the upcoming annual general meeting[195] - The Company has maintained compliance with all code provisions of the Corporate Governance Code during the reporting period[199]

Financial Performance - The group reported a net loss of HKD 10,766,000 for the year ending September 30, 2024, compared to a profit of HKD 13,686,000 in the previous year[30]. - Total revenue for the year was HKD 221,212,000, representing an increase of 33.2% from HKD 166,077,000 in the prior year[30]. - The gross profit margin improved to 19.5%, up from 16.4% in the previous year, with gross profit amounting to HKD 43,158,000[30]. - The group’s total comprehensive loss for the year was HKD 8,171,000, compared to a comprehensive income of HKD 9,453,000 in the previous year[32]. - The company reported a basic loss per share of HKD 3.43 for the year, compared to a loss of HKD 2.68 in the previous year, indicating a worsening in earnings performance[52]. - The total equity of the company decreased to HKD 83,619,000 from HKD 91,790,000, reflecting a decline of about 8.9% year-over-year[57]. - The net loss for the fiscal year 2024 was approximately HKD 10,766,000, a decline from a net profit of HKD 13,686,000 in 2023, primarily due to increased sales and distribution costs by approximately HKD 4,000,000, a rise of 40.9%[112]. - The basic and diluted loss per share for fiscal year 2024 was HKD (15,636) compared to HKD (12,229) in fiscal year 2023[130]. Liquidity and Financial Position - The current ratio of the group was approximately 0.4, an increase from 0.3 as of September 30, 2023, indicating a slight improvement in liquidity[18]. - The group’s total liabilities exceeded its current assets by HKD 104,067,000 as of September 30, 2024[4]. - The company has acknowledged the need for stronger measures to improve its liquidity and financial position[6]. - The company’s current liabilities net amount increased to HKD 93,623,000 from HKD 75,320,000, representing a rise of about 24.2%[54]. - The total debt-to-asset ratio was approximately 152%, up from 106% as of September 30, 2023[173]. - The group maintains a prudent policy in managing its working capital and closely monitors its financial position to sustain financial strength[141]. Revenue and Sales Performance - For the fiscal year ending September 30, 2024, the company reported a total revenue of HKD 217,717,000, an increase from HKD 159,488,000 in the previous year, representing a growth of approximately 36.5%[69]. - The company's gas sales segment generated revenue of HKD 205,113,000, up from HKD 149,692,000 in the prior year, indicating a year-over-year increase of about 37.1%[69]. - Revenue from external customers for the natural gas business was HKD 155,052,000, while the sales and leasing business generated HKD 11,025,000, totaling HKD 166,077,000[73]. - Revenue from the natural gas segment was HKD 212,652,000, while the sales and leasing segment contributed HKD 8,560,000 to the total revenue[121]. - The company expects total revenue from services to rise to HKD 217,717,000 in 2024, compared to HKD 159,488,000 in 2023, indicating a growth of about 36%[91]. Costs and Expenses - Financial costs increased to HKD 6,602,000 from HKD 4,921,000, reflecting higher borrowing costs[30]. - The total operating expenses for the fiscal year 2024 were approximately HKD 45,234,000, an increase of about 5.4% compared to HKD 42,923,000 in fiscal year 2023[137]. - Trade receivables increased to HKD 18,247,000 in 2024 from HKD 16,032,000 in 2023, with a provision for impairment of HKD 8,374,000[108]. Future Plans and Strategies - The group plans to explore various equity financing options, including a proposed rights issue[27]. - The company plans to issue up to 182,344,000 new shares at a subscription price of HKD 0.28 per share, aiming to raise approximately HKD 51,100,000 before expenses[59]. - The group expects to benefit from exclusive gas supply rights in Yichang, anticipating a wave of new customers in the coming years[115]. - The group is seeking new potential mergers, business combinations, and expansions to maintain growth and profitability[148]. - The group has entered into a non-binding memorandum of understanding with a potential partner regarding the development of electric vehicle charging stations[138]. - The group has received approval to expand its operations in the Yichang High-tech Zone, which is expected to drive revenue growth in the coming year[147]. Compliance and Reporting - The company has adopted new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial position and performance for the year[64]. - The independent auditor was unable to express an opinion on the group's consolidated financial statements due to significant uncertainties[192].

Financial Performance - The company recorded a net loss of HKD 7,022,000 for the six months ended March 31, 2024[18]. - Revenue for the six months ended March 31, 2024, was HKD 109,660,000, an increase of 31.2% compared to HKD 83,551,000 for the same period in 2023[28]. - Gross profit for the same period was HKD 18,053,000, up from HKD 8,246,000, representing a 119.5% increase[28]. - The company reported a loss before tax of HKD 7,353,000, significantly improved from a loss of HKD 15,817,000 in the previous year, marking a 53.5% reduction in losses[28]. - Total comprehensive loss for the period was HKD 5,353,000, compared to a loss of HKD 14,412,000 in the prior year, indicating a 62.9% improvement[30]. - Basic and diluted loss per share was HKD 1.70, an improvement from HKD 2.71 in the same period last year[30]. - The group reported a loss of HKD 1,338,000 for the six months ended March 31, 2024, compared to a loss of HKD 7,416,000 for the same period in 2023, indicating a significant improvement[51]. - The loss for the six months ending March 31, 2024, was approximately HKD 7,022,000, compared to a loss of approximately HKD 15,406,000 for the same period in 2023, indicating an improvement[156]. Assets and Liabilities - Total assets less current liabilities amounted to HKD 152,628,000 as of March 31, 2024, compared to HKD 167,110,000 as of September 30, 2023[11]. - Non-current assets decreased to HKD 255,149,000 from HKD 259,854,000[10]. - Current liabilities increased to HKD 160,019,000 from HKD 132,228,000[10]. - The company has a net current liability of HKD 102,521,000 as of March 31, 2024[11]. - The company’s total equity as of March 31, 2024, was HKD 86,437,000, down from HKD 91,790,000[13]. - The group’s total assets amounted to HKD 301,054,000, with total liabilities of HKD 179,687,000 as of March 31, 2024[51]. - The group’s total borrowings amounted to approximately HKD 117,739,000, up from HKD 106,870,000 as of September 30, 2023, with a debt-to-equity ratio of approximately 126%[158]. Cash Flow and Financing - The company's cash and cash equivalents increased to HKD 8,972,000 from HKD 4,187,000 during the same period[17]. - Cash used in operating activities was HKD 669,000, an improvement from HKD 1,514,000 used in the previous year[35]. - Cash used in investing activities was HKD 3,524,000, down from HKD 5,922,000 in the prior year, reflecting a 40.5% decrease[35]. - The company raised new bank borrowings of HKD 10,980,000 during the period[17]. - The group reported a financial cost of HKD 3,438,000, which includes bank and other borrowing interest of HKD 2,517,000 for the six months ended March 31, 2024[47]. - Financial costs increased to approximately HKD 4,050,000 for the six months ended March 31, 2024, from HKD 1,848,000 for the same period in 2023, mainly due to additional loans and non-convertible bonds[138]. Business Operations - The company is focused on expanding its sales and leasing business, including the provision of technical support for its products[39]. - The company operates different strategic business units, each requiring distinct technologies and marketing strategies[39]. - The gas business generated revenue of HKD 104,470,000, while the leasing business contributed HKD 5,190,000 for the six months ended March 31, 2024[51]. - Gas sales volume grew by approximately 36% year-on-year to about 27,475,000 cubic meters for the six months ended March 31, 2024, compared to 20,158,000 cubic meters for the same period in 2023[141]. - The group is pursuing a cautious and conservative approach to seek new potential mergers, acquisitions, and expansions to maintain growth and profitability[145]. Shareholder and Corporate Governance - The group has a total of 455,860,000 shares issued and fully paid as of March 31, 2024, unchanged from September 30, 2023[108]. - The group plans to issue up to 91,172,000 new ordinary shares at a placement price of HKD 0.068 per share, subject to conditions[115]. - The group did not declare any dividends for the six months ended March 31, 2024, consistent with the previous year[71]. - The board does not recommend an interim dividend for the six months ended March 31, 2024, consistent with no dividend declared for the same period in 2023[143]. - The company has no share options granted, exercised, cancelled, or lapsed under the share option scheme since its adoption on August 20, 2020[182]. - The company’s chairman and CEO roles are not held by the same individual, and the board will continue to review the current structure for suitable candidates[183]. Employee and Operational Metrics - Employee benefit expenses, including salaries and bonuses, rose to HKD 7,133,000 for the period, compared to HKD 6,658,000 in the previous year[88]. - The group employed 51 staff members as of March 31, 2024, down from 54 staff members a year earlier, with compensation policies reviewed regularly[176]. Legal and Compliance - The group has engaged legal counsel to provide advice regarding the implications of the freezing action on its 25% equity stake in Yichang Biaodian[151]. - The group has not entered into any agreements or commitments to use financial instruments to hedge against RMB exchange rate risks as of March 31, 2024[167].

Financial Performance - For the six months ended March 31, 2024, the company reported external customer revenue of HKD 109,660,000, an increase from HKD 83,551,000 for the same period in 2023, representing a growth of approximately 31.2%[3] - The basic loss per share for the current period was HKD 1.70, compared to HKD 2.71 for the same period last year, indicating an improvement in loss per share[34] - The company incurred a net loss of HKD 7,022,000, compared to a loss of HKD 15,406,000 in the previous year, reflecting a reduction in losses[39] - Total comprehensive income for the period was (5,353) thousand HKD, compared to (14,412) thousand HKD in the previous period[69] - The loss attributable to owners of the company was (7,626) thousand HKD, compared to (10,784) thousand HKD in the previous period[71] - The company’s basic loss per share improved to HKD (1.70) from HKD (2.71) year-over-year[48] Revenue and Profitability - Gross profit for the same period was HKD 18,053,000, up from HKD 8,246,000, indicating a significant improvement in profitability[39] - Revenue from gas sales reached 101,629 thousand HKD, a significant increase from 76,891 thousand HKD in the previous year[88] - The company reported revenue of HKD 109,660,000 for the six months ended March 31, 2024, representing a 31.2% increase from HKD 83,551,000 in the same period last year[39] Assets and Liabilities - As of March 31, 2024, total segment assets amounted to HKD 301,054,000, up from HKD 286,547,000 as of September 30, 2023, indicating a growth of approximately 5.1%[3] - The company’s total liabilities rose to HKD 160,019,000 from HKD 132,228,000, indicating a potential increase in financial leverage[39] - The total asset-liability ratio increased to approximately 126% from 106% as of September 30, 2023[101] - The net current liabilities increased to (102,521) thousand HKD from (92,744) thousand HKD[75] Cash Flow and Financial Management - The company has a cash flow forecast in place to estimate its cash needs, supported by shareholders' commitments for financial backing[55] - Financial costs for the six months ended March 31, 2024, were approximately HKD 4,050,000, significantly higher than HKD 1,848,000 for the same period in 2023, primarily due to additional loans and bonds raised[7] - The company has secured bank loans totaling approximately HKD 65,942,000, backed by exclusive gas supply rights valued at about HKD 88,357,000[170] Business Operations - The segment profit for the natural gas business was HKD 534,000, while the leasing business reported a loss of HKD 1,833,000, leading to a total segment loss of HKD 1,338,000 for the current period, compared to a total segment loss of HKD 7,416,000 in the previous period[3] - The company anticipates continued growth in natural gas consumption driven by the recovery of domestic economic demand, which is expected to positively impact revenue in this segment[8] - The company acquired new equipment to launch new leasing projects, anticipating increased leasing revenue due to the growth in infrastructure and renovation projects driven by national economic development[179] Corporate Governance and Compliance - The company has established an audit committee to review annual reports, financial statements, and risk management systems, providing recommendations to the board[165] - The company has adopted all new and revised Hong Kong Financial Reporting Standards effective from October 1, 2023, with no significant impact on financial data[82] - The company’s board has confirmed the accuracy and completeness of the information disclosed in the announcement, ensuring no misleading or fraudulent elements are present[174] Future Outlook and Strategic Initiatives - Management believes that the economy will recover in an orderly manner in the coming year, which is expected to positively impact the group's two core businesses[134] - The group plans to adopt a more cautious and conservative approach in seeking new potential mergers, business combinations, and expansions to maintain growth and profitability[136] - The company entered into a non-binding memorandum of understanding with a potential partner regarding the sale of meat products in Japan and Korea[99] - The company entered into a non-binding memorandum of understanding with a potential partner to develop electric vehicle charging station business, although no formal agreement has been established as of the announcement date[178] Employee and Operational Changes - The company employed 51 staff as of March 31, 2024, down from 54 staff a year earlier[108] - For the six months ended March 31, 2024, the group's total operating expenses decreased from approximately HKD 23,105,000 to approximately HKD 22,482,000, attributed to a reduction in recognized exchange differences[129] Dividends and Shareholder Actions - The company did not recommend any dividend payment for the period, consistent with the previous year[63] - The board does not recommend the payment of an interim dividend for the six months ended March 31, 2024, consistent with the previous period[142] - The company plans to issue up to 91,172,000 new ordinary shares at a placement price of HKD 0.068 per share, subject to shareholder approval[171]

Financial Performance - Revenue for the fiscal year ended September 30, 2023, was HK$166,077,000, representing an increase of 22% compared to HK$136,241,000 in 2022[11]. - Profit for the fiscal year was HK$13,686,000, a significant recovery from a loss of HK$22,767,000 in 2021[11]. - The Group recorded a net profit of approximately HK$13.7 million for the year, up from HK$10.7 million in the previous year, representing an increase of approximately 28.5%[21][36]. - The gross profit increased by approximately HK$7.0 million, representing a growth of approximately 34.4% compared to the previous year[21][36]. - The expected average net profit margin for the next five years is projected to be 9% in 2023, an increase from 7% in 2022[50]. Assets and Liabilities - Non-current assets increased to HK$259,854,000 in 2023 from HK$214,968,000 in 2022, reflecting a growth of approximately 20.8%[11]. - Current liabilities rose to HK$132,228,000 in 2023, up from HK$75,911,000 in 2022, indicating an increase of 74%[11]. - Equity improved to HK$91,790,000 in 2023, compared to HK$82,337,000 in 2022, marking an increase of 11.7%[11]. - The Group's total borrowings amounted to approximately HK$106,870,000, an increase from HK$81,496,000 as of September 30, 2022, representing a growth of approximately 31%[65]. - The Group's total cash and bank balances were approximately HK$9,385,000, up from HK$4,998,000 as of September 30, 2022, indicating a growth of approximately 88%[65]. Business Operations - The natural gas business generated segment revenue of approximately HK$155 million, accounting for approximately 93% of the Group's total revenue[21][36]. - Sales volume of natural gas increased by approximately 17% during the year due to the recovery of industrial activities following the lifting of COVID-19 restrictions[22][27]. - The Group expects an increase in natural gas consumption due to domestic economic recovery, which is anticipated to positively impact revenue in the natural gas operations segment[75]. - The Group's leasing business is projected to grow as infrastructure construction and renovation projects increase, driven by the country's booming economy[76]. Strategic Initiatives - The company is focusing on market expansion and new product development as part of its growth strategy[8]. - Future outlook includes plans for further investment in technology and potential acquisitions to enhance market position[8]. - Management will adopt a cautious approach towards new mergers and acquisitions to sustain growth and profitability[30][33]. - The management anticipates that the economy will recover in an orderly manner, positively impacting the Group's core businesses in the coming year[24][30]. Corporate Governance - The company emphasizes the importance of maintaining compliance with GEM Listing Rules to ensure transparency and accountability[5]. - The Board does not recommend the payment of a final dividend for the year ended September 30, 2023, consistent with the previous year[73]. - The Company has adopted a Share Option Scheme as an incentive for Directors and eligible employees[188]. - The Company met all code provisions of the Corporate Governance Code for the year ended September 30, 2023, except for the separation of roles between chairman and chief executive, which has not been appointed since April 19, 2018[200]. Management and Staff - As of September 30, 2023, the Group employed 61 staff members, an increase from 58 staff members in the previous year[94]. - The executive team includes individuals with extensive backgrounds in business management, corporate finance, and engineering, enhancing the company's operational capabilities[101][104]. - The management team has a strong educational background, with degrees from prestigious institutions, which supports informed decision-making[104][113]. Shareholder Information - The five largest customers accounted for approximately 52.3% of the Group's revenue, with the largest customer contributing about 19.6% of total revenue[163]. - The five largest suppliers represented about 86.8% of the Group's purchases, with the largest supplier accounting for approximately 44.7% of total purchases[163]. - As of September 30, 2023, no substantial shareholders or other persons had interests or short positions in the shares that required disclosure[145].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 環球戰略集團有限公司 GLOBAL STRATEGIC GROUP LIMITED 環 球 戰 略 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） 8007 （股份代號： ） 截至二零二三年九月三十日止年度 末期業績公告 GEM 香港聯合交易所有限公司（「聯交所」） 的特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公司 可能帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周 詳的考慮後方作出投資決定。 GEM GEM 由於 上市公司普遍為中小型公司，在 買賣的證券可能會較於主板買賣之證券承受較 GEM 大的市場波動風險，同時無法保證在 買賣的證券會有高流通量的市場。 ...

Financial Performance - Revenue for the three months ended June 30, 2023, was HKD 37,464,000, representing an increase of 12.7% compared to HKD 33,341,000 for the same period in 2022[4] - Gross profit for the nine months ended June 30, 2023, was HKD 16,699,000, a decrease of 4.4% from HKD 17,471,000 for the same period in 2022[4] - The net loss for the three months ended June 30, 2023, was HKD 1,627,000, compared to a net loss of HKD 5,124,000 for the same period in 2022, indicating an improvement of 68.3%[4] - The total comprehensive loss for the nine months ended June 30, 2023, was HKD 18,409,000, compared to HKD 15,217,000 for the same period in 2022, reflecting a decline of 14.4%[4] - Basic loss per share for the three months ended June 30, 2023, was HKD 0.70, compared to HKD 0.94 for the same period in 2022[4] - The company reported a net loss of HKD 17,033,000 for the nine months ending June 30, 2023[38] - For the nine months ended June 30, 2023, the group reported a loss of HKD 15,573,000, compared to a loss of HKD 13,106,000 for the same period in 2022, representing an increase in loss of approximately 18.8%[53] Revenue Sources - Revenue from the sale of natural gas for the nine months ending June 30, 2023, was HKD 111,227,000, an increase from HKD 92,809,000 for the same period in 2022, representing a growth of 19.5%[42] - Total revenue from other sources for the nine months ending June 30, 2023, was HKD 116,908,000, compared to HKD 103,622,000 in the previous year, indicating a growth of 12.8%[42] - The group's unaudited revenue increased from approximately HKD 103,964,000 for the nine months ended June 30, 2022, to approximately HKD 121,015,000 for the nine months ended June 30, 2023, primarily driven by the natural gas segment's revenue of approximately HKD 115,210,000[68] Expenses and Costs - Other income for the nine months ended June 30, 2023, was HKD 546,000, compared to HKD 1,799,000 for the same period in 2022, indicating a decrease of 69.7%[4] - The group incurred finance costs of HKD 3,563,000 for the nine months ended June 30, 2023, compared to HKD 2,041,000 for the same period in 2022, reflecting an increase of approximately 74.5%[47] - The group's total employee benefits expenses, including salaries and bonuses, amounted to HKD 9,738,000 for the nine months ended June 30, 2023, compared to HKD 9,191,000 for the same period in 2022, an increase of approximately 5.9%[50] - The group's cost of goods sold for the nine months ended June 30, 2023, was HKD 97,877,000, compared to HKD 78,396,000 in the previous year, representing an increase of approximately 24.9%[50] - The total operating expenses rose from approximately HKD 28,998,000 for the nine months ended June 30, 2022, to approximately HKD 31,706,000 for the nine months ended June 30, 2023, attributed to significant foreign exchange losses and increased professional fees[68] Financial Position - As of June 30, 2023, the company had a net current liability of HKD 8,704,000, raising significant doubt about its ability to continue as a going concern[38] - The company reported a cumulative loss of HKD 370,363,000 as of June 30, 2023[43] - The total borrowings of the group amounted to approximately HKD 123,300,000 as of June 30, 2023, compared to HKD 81,496,000 as of September 30, 2022[70] - The group's total debt-to-equity ratio was approximately 181% as of June 30, 2023, compared to 93% as of September 30, 2022[70] Market Outlook and Strategy - The company is focused on expanding its market presence and exploring new strategies for growth[2] - Management believes that the economic recovery will positively impact the group's two core businesses in the coming year[76] - The natural gas segment is expected to continue growing due to increased demand from industrial customers as the domestic economy recovers[77] - The rental business revenue is expected to increase as clients catch up on project timelines following the relaxation of pandemic control measures[79] Governance and Compliance - The company has complied with all provisions of the GEM Listing Rules corporate governance code, except for the separation of the roles of Chairman and CEO[86] - The board is actively seeking suitable candidates to fill the vacancy of independent non-executive director to comply with GEM Listing Rules[87] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the nine months ended June 30, 2023[88] Employee and Shareholder Information - As of June 30, 2023, the company employed 55 staff, a decrease from 61 staff as of June 30, 2022[79] - The total equity held by the directors and CEO in the company includes 18,437,500 shares (4.04%) by Mr. Ng and 8,600,000 shares (1.89%) by Mr. Wang as of June 30, 2023[81] - No stock options have been granted, exercised, canceled, or lapsed under the stock option plan since its adoption on August 20, 2020[83] Financial Reporting and Standards - The company has adopted all new and revised Hong Kong Financial Reporting Standards effective from October 1, 2022, with no significant impact on its financial statements[41] - The company has not early adopted any other standards, interpretations, or amendments that have been issued but are not yet effective[41] Risk Management - The company continues to monitor its foreign exchange risks due to most transactions, assets, and liabilities being denominated in HKD and RMB[79] - The company has not entered into any agreements or commitments to hedge against RMB exchange rate risks as of June 30, 2023[79] - The group recognized government subsidies of HKD 51,000 related to the employment support scheme for COVID-19, down from HKD 165,000 in the previous year[48]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 環球戰略集團有限公司 GLOBAL STRATEGIC GROUP LIMITED 環 球 戰 略 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） 8007 （股份代號： ） 截至二零二三年六月三十日止九個月 第三季季度業績公告 環球戰略集團有限公司（「本公司」，連同其附屬公司，統稱為「本集團」）董事（「董事」）會（「董事 會」）公佈本集團截至二零二三年六月三十日止九個月的未經審核季度業績。本公告列載本集團 二零二二至二零二三年第三季季度報告（「二零二二至二零二三年第三季季度報告」）全文，並遵 GEM GEM 守香港聯合交易所有限公司（「聯交所」） 證券上市規則（「 上市規則」）有關季度業績初步 公告附載資料之相關要求。二零二二至二零二三年第三季季度報告的印刷本將於適當的時候按 GEM www.hkexnews.hk 上市規則的規定寄發予本公司股東，屆時亦可在聯交所網站 及本公司網站 www.g ...

Revenue and Sales Performance - The company's unaudited revenue increased from approximately HKD 70,623,000 for the six months ended March 31, 2022, to approximately HKD 83,551,000 for the six months ended March 31, 2023, primarily driven by the gas business segment generating revenue of approximately HKD 79,981,000[24]. - Total revenue for the six months ended March 31, 2023, was HKD 83,551,000, representing a 18.2% increase from HKD 70,623,000 in the same period of 2022[98]. - Revenue from natural gas sales reached HKD 37,767,000 for the three months ended March 31, 2023, an increase of 14.0% compared to HKD 32,838,000 in the same period of 2022[98]. - Revenue for the three months ended March 31, 2023, was HKD 41,203 thousand, a slight increase from HKD 40,943 thousand in the same period of 2022, representing a growth of 0.6%[60]. - The company reported a decrease in service revenue to HKD 1,276,000 for the three months ended March 31, 2023, down from HKD 3,293,000 in the same period of 2022[98]. Financial Performance and Losses - As of March 31, 2023, the group recorded a net loss of HKD 15,406,000, with current liabilities amounting to HKD 70,783,000[44]. - The net loss for the six months ended March 31, 2023, was HKD 15,406 thousand, compared to a net loss of HKD 6,111 thousand in the same period of 2022, indicating a deterioration of 152.5%[60]. - The group reported a loss of approximately HKD 15,406,000 for the six months ended March 31, 2023, compared to a loss of approximately HKD 6,111,000 for the same period in 2022[176]. - Total comprehensive loss for the three months ended March 31, 2023, was HKD 7,693 thousand, compared to a comprehensive income of HKD 1,585 thousand in the same period of 2022[61]. - Operating loss for the three months ended March 31, 2023, was HKD 10,125 thousand, compared to an operating profit of HKD 2,974 thousand in the same period of 2022[60]. Expenses and Liabilities - Total operating expenses increased from approximately HKD 19,026,000 for the six months ended March 31, 2022, to approximately HKD 23,105,000 for the six months ended March 31, 2023, attributed to significant foreign exchange differences and increased professional fees[16]. - Current liabilities rose from HKD 40,608,000 as of September 30, 2022, to HKD 49,211,000 as of March 31, 2023, reflecting an increase in accounts payable and accrued expenses[3]. - The company has a total of HKD 59,395,000 in borrowings as of March 31, 2023, compared to HKD 23,553,000 as of September 30, 2022, indicating a substantial increase in financial leverage[8]. - The company’s total liabilities increased to HKD 109,892,000 as of March 31, 2023, compared to HKD 75,911,000 as of September 30, 2022, reflecting an increase of approximately 45%[90]. - The group has fully provisioned the remaining debt of RMB 5,487,000 (equivalent to HKD 6,154,000) owed to the plaintiff as of March 31, 2023[27]. Assets and Equity - The total equity as of March 31, 2023, was HKD 67,925 thousand, a decrease from HKD 82,337 thousand as of September 30, 2022[64]. - Total assets decreased to HKD 151,676,000 as of March 31, 2023, compared to HKD 163,946,000 as of September 30, 2022, reflecting a decline of approximately 7.8%[83]. - The company’s equity attributable to owners decreased to HKD 4,992,000 as of March 31, 2023, from HKD 15,776,000 as of September 30, 2022, indicating a decline of approximately 68.3%[85]. - The company’s non-current assets, including property, plant, and equipment, increased to HKD 140,747,000 as of March 31, 2023, from HKD 121,577,000 as of September 30, 2022, representing a growth of approximately 15.7%[90]. Cash Flow and Financial Management - The company reported a net cash outflow from operating activities of HKD (1,514,000) for the six months ended March 31, 2023, compared to a net inflow of HKD 7,166,000 for the same period in 2022[90]. - The company has received commitments from shareholders to provide sufficient financial support to meet foreseeable future obligations[68]. - The company’s management continues to monitor its financial position closely to maintain financial strength through prudent management of working capital[25]. - The financial costs for the six months ended March 31, 2023, were approximately HKD 1,848,000, compared to HKD 1,458,000 for the same period in 2022, primarily due to increased bank loan interest and non-convertible bonds[141]. - The company has not entered into any agreements or commitments to use financial instruments to hedge against RMB exchange rate risks during the reporting period[167]. Business Operations and Strategy - The management will adopt a more cautious and conservative approach in seeking new potential mergers, acquisitions, and expansions to maintain growth and profitability[30]. - The group anticipates continued growth in natural gas consumption due to domestic economic recovery, which will drive revenue increases in this segment[165]. - The company continues to monitor the performance of its subsidiaries closely and is prepared to take necessary actions in response to any adverse developments[127]. - The company has maintained a tax rate of 25% for its subsidiaries in China and 16.5% for its subsidiaries in Hong Kong, consistent with the previous year[117]. - The company has not made any purchases, sales, or redemptions of its listed securities during the six months ended March 31, 2023[172]. Employee and Operational Metrics - The group employed 54 staff as of March 31, 2023, down from 56 staff as of March 31, 2022[182]. - The company’s short-term employee benefits increased from HKD 389,000 for the three months ended March 31, 2022, to HKD 413,000 for the same period in 2023[14]. - The company assesses potential customers' credit quality before accepting them, ensuring that trade receivables are of good credit quality due to consistent repayment[107]. - Trade payables are interest-free and typically due within 30 to 180 days, indicating a manageable short-term liability structure[108]. - The average credit period granted for gas sales is 60 days, while for installation services, it is 30 days, and for sales and leasing, it is 180 days[11].