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].

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： ） 截至二零二三年三月三十一日止六個月 中期業績公告 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三月三十一日止六個月的未經審核中期業績。本公告列載 本集團二零二二至二零二三年中期報告（「二零二二至二零二三年中期報告」）全文，並遵守香 GEM GEM 港聯合交易所有限公司（「聯交所」） 證券上市規則（「 上市規則」）有關中期業績初步 GEM 公告附載資料之相關要求。二零二二至二零二三年中期報告的印刷本將於適當的時候按 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.globalstrat ...

Financial Performance - The company reported a net loss of HKD 4,541,000 for the three months ended December 31, 2022[3]. - Revenue from natural gas sales was HKD 39,124,000, an increase of 42.5% compared to HKD 27,458,000 in the same period last year[9]. - Service revenue increased to HKD 2,615,000 from HKD 779,000, reflecting a growth of 235.4% year-over-year[9]. - Total revenue from customer contracts was HKD 42,348,000, up from HKD 29,680,000, representing a year-over-year increase of 42.5%[9]. - The total comprehensive loss for the three months ended December 31, 2022, was approximately HKD 6,719,000, compared to a loss of HKD 7,932,000 for the same period in 2021, representing a decrease of 15.3%[36]. - The loss attributable to the company's owners for the same period was HKD 5,094,000, down from HKD 8,007,000 in 2021, indicating a reduction of 36.1%[42]. - Basic and diluted loss per share for the three months ended December 31, 2022, was HKD (1.12), compared to HKD (1.76) in 2021, reflecting a 36.4% improvement[42]. - The gross profit for the same period was HKD 4,535,000, compared to HKD 2,652,000 in the previous year, indicating a year-over-year increase of 70.8%[79]. - Operating loss decreased to HKD 3,844,000 from HKD 7,989,000 year-over-year, showing an improvement of 52.1%[79]. - The company recorded a loss before tax of HKD 4,736,000, down from HKD 8,814,000 in the prior year, reflecting a reduction of 46.3%[79]. - The net loss for the period was HKD 4,541,000, compared to HKD 8,637,000 in the same quarter last year, marking a decrease of 47.5%[79]. Financial Position and Support - The company has received commitments from shareholders for continued financial support to meet foreseeable obligations[4]. - A bond amounting to HKD 3,850,000 has been renewed, with the maturity date extended to September 30, 2024[5]. - The company is facing significant uncertainty regarding its ability to continue as a going concern due to current liabilities exceeding current assets[3]. - The group's total borrowings as of December 31, 2022, amounted to approximately HKD 77,703,000, down from HKD 81,496,000 as of September 30, 2022, showing a decrease of 4.4%[37]. - The total debt-to-equity ratio of the group was approximately 97% as of December 31, 2022, compared to 93% as of September 30, 2022[50]. Operational Highlights - The group recognized government subsidies of HKD 48,000 during the reporting period[40]. - The capital expenditure related to the acquisition of property, plant, and equipment as of December 31, 2022, was HKD 10,240,000, significantly lower than HKD 30,353,000 as of September 30, 2022, indicating a decrease of 66.2%[44]. - Gas sales volume increased by approximately 31% to about 10,609,000 cubic meters for the three months ended December 31, 2022, compared to 8,113,000 cubic meters for the same period in 2021[59]. - The group incurred financial costs of approximately HKD 892,000 for the three months ended December 31, 2022, compared to HKD 825,000 for the same period in 2021, mainly due to increased interest on non-convertible bonds[57]. - The group acquired machinery for RMB 24,270,000 from an independent third-party supplier on November 25, 2022[54]. Corporate Governance - The company has adhered to all provisions of the corporate governance code, with no deviations reported for the three months ended December 31, 2022[70]. - The company has established an audit committee to review financial reports and risk management systems, ensuring compliance with GEM listing rules[74]. - The company is committed to maintaining high standards of corporate governance and will continue to review its board structure for potential improvements[74]. - As of December 31, 2022, there were no reported interests or businesses that could compete with the company's operations among its directors and major shareholders[69]. Future Outlook and Strategy - The company is exploring new strategies for market expansion and product development to enhance revenue streams[3]. - Management expects the domestic economy to recover in an orderly manner, positively impacting the group's two core businesses[62]. - 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[65]. Employment and Dividends - As of December 31, 2022, the group employed 57 staff, an increase from 55 staff as of December 31, 2021[65]. - The group did not recommend any dividend payment for the three months ended December 31, 2022, consistent with the previous year[42]. - The board did not recommend the payment of an interim dividend for the three months ended December 31, 2022, compared to no dividend for the same period in 2021[54]. Miscellaneous - The group reported a total comprehensive income of HKD (6,719,000) for the period, which includes a foreign exchange loss of HKD (2,178,000)[36]. - Non-controlling interests contributed HKD 553,000 to the total comprehensive income for the period, compared to a loss of HKD (630,000) in the previous year[36]. - There were no purchases, sales, or redemptions of the company's listed securities during the reporting period[69]. - The company has no significant contingent liabilities as of December 31, 2022[55].

Financial Performance - Revenue for 2022 was HK$136,241,000, a significant increase of 90.5% compared to HK$71,486,000 in 2021[19] - The company reported a profit of HK$10,681,000 in 2022, recovering from a loss of HK$22,767,000 in 2021[19] - Gross profit for YE2022 was approximately HK$20,287,000, slightly up from approximately HK$20,263,000 for YE2021, while net profit for YE2022 was approximately HK$10,681,000 compared to a net loss of approximately HK$22,767,000 for YE2021[51] - The Group recorded a profit of approximately HK$11 million for the year, a turnaround from a loss of HK$23 million in 2021, primarily due to a significant reversal of impairment losses totaling HK$37.8 million[32] - The expected average positive net profit margin for the next five years is estimated at 7% in 2022, up from 2% in 2021[64] Assets and Liabilities - Non-current assets increased to HK$214,968,000 in 2022 from HK$188,914,000 in 2021, reflecting a growth of 13.7%[19] - Current liabilities decreased to HK$75,911,000 in 2022 from HK$99,598,000 in 2021, a reduction of 23.8%[19] - Equity rose to HK$82,337,000 in 2022, up from HK$72,632,000 in 2021, indicating a growth of 13.5%[19] - The Group's total borrowings amounted to approximately HK$81,496,000 as of 30 September 2022, down from HK$95,735,000 in the previous year[74] - The Group's total gearing ratio was approximately 93% as of 30 September 2022, compared to 99% in the previous year[75] Revenue Segments - The Group's revenue for the year ended 30 September 2022 was approximately HK$136.2 million, with the natural gas business contributing approximately HK$125 million, accounting for about 91% of total revenue[32] - Revenue from natural gas sales and pipeline installation services for YE2022 was approximately HK$120,162,000 and HK$4,437,000, respectively, compared to approximately HK$57,558,000 and HK$3,276,000 for YE2021, indicating substantial growth in both segments[51] - The revenue from the natural gas segment is anticipated to continue growing due to increased gas consumption driven by the domestic economic recovery[41] - The sales and leasing business is anticipated to increase income as customers catch up on delayed projects following the relaxation of epidemic control measures[113] Management and Strategy - The company plans to expand its market presence and invest in new product development to drive future growth[19] - The management is focused on improving operational efficiency and exploring potential acquisition opportunities[19] - Management will adopt a cautious approach towards new mergers and acquisitions to sustain growth and profitability[43] - The management believes that the economy will recover in an orderly manner in the coming year, positively impacting the Group's core businesses[111] Legal and Compliance - The company has fully provided for liabilities amounting to RMB8,787,000 (approximately HK$10,006,000) related to a legal dispute as of December 31, 2018[92] - The financial implications of the legal proceedings have been accounted for in the company's liabilities, reflecting a proactive approach to risk management[98] - The management performed impairment testing on assets belonging to Yichang Biaodian, leading to a significant reversal of impairment losses amounting to HK$37,755,000 due to improved recoverable amounts[51] Shareholder Information - The Group does not recommend the payment of a final dividend for the year ended 30 September 2022, compared to nil in 2021[109] - The total unutilized balance of the rights issue proceeds as of September 30, 2022, was HK$25,286,000[81] - The company announced a rights issue at a subscription price of HK$0.16 per share, issuing 364,688,000 shares to raise approximately HK$58,350,000[78] Human Resources - As of 30 September 2022, the Group employed 58 staff members, an increase from 50 staff members in the previous year[124] - The Group's remuneration policies are regularly reviewed, with compensation linked to market terms and individual performance[124] - The company is committed to ongoing professional development for its management team, ensuring they remain competitive in the market[149] Governance - The board of directors includes independent members with significant experience in various industries, contributing to effective governance[140][141] - The company has implemented rigorous financial management practices to ensure operational efficiency and profitability[137][152]

Financial Performance - The company reported revenue of HKD 33,341,000 for the three months ended June 30, 2022, representing a significant increase of 130% compared to HKD 14,486,000 for the same period in 2021[4]. - Gross profit for the three months ended June 30, 2022, was HKD 2,696,000, a decrease of 23% from HKD 3,530,000 in the previous year[4]. - The company incurred a loss before tax of HKD 5,299,000 for the three months ended June 30, 2022, compared to a loss of HKD 8,184,000 for the same period in 2021, indicating an improvement of 35%[4]. - Total comprehensive loss for the three months ended June 30, 2022, was HKD 8,871,000, compared to a loss of HKD 5,327,000 in the same period last year[8]. - The basic loss per share for the three months ended June 30, 2022, was HKD 0.94, an improvement from HKD 2.06 in the previous year[8]. - The company reported total revenue of HKD 103,964,000 for the nine months ended June 30, 2022, up 126% from HKD 45,896,000 for the same period in 2021[4]. - The total comprehensive loss for the nine months ended June 30, 2022, was HKD 15,217,000, compared to a loss of HKD 12,189,000 in the same period last year[8]. - The company reported a net loss of HKD 11,235,000 for the nine months ended June 30, 2022[15]. - The group reported a loss of HKD 4,276,000 for the three months ended June 30, 2022, compared to a loss of HKD 7,845,000 for the same period in 2021[37]. - For the nine months ended June 30, 2022, the loss was HKD 13,106,000, a decrease from HKD 22,715,000 in the previous year[37]. Revenue Sources - Revenue from natural gas sales reached HKD 92,809,000 for the nine months ended June 30, 2022, compared to HKD 40,608,000 for the same period in 2021, representing an increase of 128%[19]. - The total revenue from customer contracts for the nine months ended June 30, 2022, was HKD 103,964,000, up from HKD 45,896,000 in the same period of the previous year, indicating a growth of 126%[19]. - The company reported service revenue of HKD 4,898,000 for the nine months ended June 30, 2022, compared to HKD 1,811,000 for the same period in 2021, reflecting an increase of 170%[19]. - The group's unaudited revenue increased from approximately HKD 45,896,000 for the nine months ended June 30, 2021, to approximately HKD 103,964,000 for the nine months ended June 30, 2022, primarily driven by the gas business segment, which generated approximately HKD 94,940,000[58]. Operating Expenses and Costs - Operating expenses decreased to HKD 7,815,000 for the three months ended June 30, 2022, from HKD 8,662,000 in the same period last year, reflecting a reduction of 10%[4]. - Total finance costs for the nine months ended June 30, 2022, were HKD 2,041,000, a decrease from HKD 3,794,000 in the same period of 2021[26]. - Operating expenses decreased from approximately HKD 34,534,000 for the nine months ended June 30, 2021, to approximately HKD 28,998,000 for the nine months ended June 30, 2022, attributed to reduced exchange losses and lower employee costs[59]. - The group’s depreciation expense for property, plant, and equipment was HKD 6,781,000 for the nine months ended June 30, 2022, slightly up from HKD 6,714,000 in the previous year[34]. Financial Support and Commitments - The company has received a commitment from shareholders and directors to provide ongoing financial support in the foreseeable future[16]. - The company has significant capital commitments and other obligations that raise substantial doubt about its ability to continue as a going concern[15]. - The company plans to explore various ways to raise funds from the market to address uncertainties regarding its ability to continue as a going concern[18]. - The company has signed a letter of intent with bondholders to extend the maturity of non-convertible bonds totaling HKD 10,912,000 by one year[16]. Legal and Compliance Issues - The company has fully provided for a liability of RMB 8,787,000 (equivalent to HKD 10,871,000) related to a legal dispute with a supplier as of December 31, 2018[48]. - As of June 30, 2022, the total amount claimed by the supplier in the legal dispute was RMB 7,287,000 (equivalent to HKD 8,657,000), which has been fully provided for as a liability[49]. - The company is involved in ongoing legal disputes with suppliers, which may impact its financial position and operational focus[51]. - The company has made provisions for overdue interest related to legal disputes, but the impact on financial statements is considered not significant[52]. Strategic Initiatives and Future Outlook - The company aims to enhance its market presence and explore new strategies for growth in the upcoming quarters[4]. - The board is optimistic about the performance of the natural gas business segment, which is currently the core business of the group[83]. - The board will seek new potential mergers and acquisitions cautiously to maintain growth and profitability amid challenges[83]. - The company is exploring potential acquisitions to strengthen its market position, with a focus on tech startups[95]. - The company plans to increase its marketing budget by 20% to support new product launches and brand awareness[95]. Shareholder and Capital Structure - The group did not declare any dividends for the nine months ended June 30, 2022, consistent with the previous year[35]. - The weighted average number of ordinary shares for calculating basic loss per share was 455,860,000 for the nine months ended June 30, 2022[37]. - The group’s total issued share capital as of June 30, 2022, was HKD 80,000,000, with 8,000,000,000 shares at a par value of HKD 0.01 each[40]. - The capital restructuring and rights issue were approved by shareholders, resulting in a reduction of the par value of shares from HKD 0.50 to HKD 0.01[62]. Market Performance and Growth - User data showed a growth of 20% in active users, reaching 2 million by the end of the quarter[95]. - The company provided a forward-looking guidance of 10% revenue growth for the next quarter, anticipating continued market demand[95]. - New product launches contributed to 25% of total revenue, highlighting successful market penetration[95]. - Market expansion efforts resulted in a 30% increase in sales in the Asia-Pacific region[95]. - A new strategic partnership was announced, expected to drive a 15% increase in operational efficiency[95]. - The gross margin improved to 45%, up from 40% in the previous quarter, reflecting better cost management[95].

Financial Performance - For the six months ended March 31, 2022, the company reported revenue of HKD 70,623,000, a significant increase of 125.0% compared to HKD 31,410,000 for the same period in 2021[4] - Gross profit for the six months ended March 31, 2022, was HKD 14,775,000, representing a gross margin of 20.9%, compared to HKD 5,235,000 and a gross margin of 16.7% for the same period in 2021[4] - The company achieved a net profit of HKD 2,526,000 for the three months ended March 31, 2022, compared to a net loss of HKD 7,269,000 for the same period in 2021, indicating a turnaround in performance[4] - The company reported a net loss of HKD 6,111,000 for the six months ended March 31, 2022, compared to a net loss of HKD 94,000 for the same period in 2021[16] - The company reported a pre-tax consolidated loss of HKD 6,473,000 for the six months ended March 31, 2022, compared to a loss of HKD 17,771,000 for the same period in 2021, showing an improvement in financial performance[25] - The company achieved a net profit of HKD 40,541,000 for the six months ended March 31, 2022, compared to a net loss of HKD 12,347,000 for the same period in 2021, indicating a significant turnaround[34] - The company reported a loss of HKD 8,830,000 for the six months ended March 31, 2022, compared to a loss of HKD 14,870,000 for the same period in 2021, indicating a 40.9% improvement in performance[45] Assets and Liabilities - Total assets as of March 31, 2022, amounted to HKD 215,649,000, a decrease from HKD 245,243,000 as of September 30, 2021[8] - The company's cash and cash equivalents decreased to HKD 4,084,000 as of March 31, 2022, down from HKD 23,411,000 as of September 30, 2021[8] - Trade receivables stood at HKD 5,732,000 as of March 31, 2022, compared to HKD 6,576,000 as of September 30, 2021, reflecting a reduction in outstanding receivables[8] - The company reported a decrease in total liabilities to HKD 84,980,000 as of March 31, 2022, from HKD 99,598,000 as of September 30, 2021, indicating improved financial stability[8] - Total assets less current liabilities decreased to HKD 130,669,000 as of March 31, 2022, down from HKD 145,645,000 as of September 30, 2021[10] - The company has a net current liability of HKD 55,369,000 as of March 31, 2022, compared to HKD 43,269,000 as of September 30, 2021[10] - The total equity attributable to owners of the company decreased to HKD 19,873,000 as of March 31, 2022, from HKD 27,855,000 as of September 30, 2021[10] Revenue Segments - The profit from the gas business segment was HKD 3,344,000, while the leasing business segment incurred a loss of HKD 308,000, and the independent financial advisory segment reported a loss of HKD 14,000, leading to a total profit of HKD 3,022,000 for the period[23] - Revenue from the sale of natural gas for the six months ended March 31, 2022, was HKD 60,296,000, significantly up from HKD 26,560,000 in the same period of the previous year, indicating a growth of 126.5%[27] - The leasing business segment's revenue was HKD 342,000 for the six months ended March 31, 2022, down from HKD 3,324,000 in the previous year, indicating a decline in this segment[27] - The group's unaudited revenue increased from approximately HKD 31,410,000 for the six months ended March 31, 2021, to approximately HKD 70,623,000 for the six months ended March 31, 2022, primarily driven by the gas business segment, which generated approximately HKD 62,374,000[105] Cash Flow and Financing - The net cash generated from operating activities was HKD 7,166,000 for the six months ended March 31, 2022, compared to a net cash used of HKD 94,000 in the same period of 2021[15] - The company incurred a cash outflow of HKD 25,068,000 from financing activities during the six months ended March 31, 2022, compared to HKD 9,345,000 in the same period of 2021[15] - The group has capital commitments of HKD 10,308,000 related to property, plant, and equipment as of March 31, 2022, compared to HKD 9,902,000 as of September 30, 2021[96] - The company plans to consider various ways to raise funds from the market and tighten control over expenditures to better manage operational cash flow[18] - The company utilized HKD 21,847,000 from the rights issue proceeds for redeeming outstanding bonds[113] Strategic Plans and Market Outlook - The company plans to continue expanding its market presence and developing new products to drive future growth[4] - The company has made strategic investments in technology and product development to enhance its competitive edge in the market[4] - The board of directors expressed confidence in achieving positive results in the upcoming quarters based on current market trends and operational improvements[4] - The company plans to expand its market presence in China, excluding Hong Kong, where it has seen significant growth in customer numbers and revenue[29] - The group is optimistic about performance growth driven by the natural gas business segment, which is expected to contribute significant revenue due to the expansion of its sales network[124] Corporate Governance and Management - The company has not issued any further share options under the old plan since its termination on July 30, 2020[87] - The company’s board has the discretion to grant share options to eligible persons under the new plan[87] - The chairman and CEO roles have not been separated since April 19, 2018, and the board will continue to review this structure[130] - The group has complied with all provisions of the corporate governance code, except for the separation of the chairman and CEO roles[130] - The executive director and CEO of Global Strategic Group Limited is Wang Wenzhou[134] Legal and Compliance Matters - The company has fully provided for a liability of 8,587,000 RMB (equivalent to 10,737,000 HKD) related to a legal dispute with a supplier as of March 31, 2022[92] - A civil ruling required the company to repay 1,036,000 RMB (equivalent to 1,281,000 HKD) to another supplier within 15 days, with potential double interest for overdue payments[92] - The company’s legal disputes with suppliers have resulted in court orders and restrictions on certain activities, but all liabilities have been adequately provided for[119]

Financial Performance - The company reported revenue of HKD 29,680,000 for the three months ended December 31, 2021, representing a 88.2% increase compared to HKD 15,739,000 in the same period of 2020[9]. - Gross profit for the same period was HKD 2,652,000, up from HKD 2,159,000, indicating a gross margin improvement[9]. - The operating loss decreased to HKD 7,989,000 from HKD 8,902,000 year-over-year, showing a reduction in operational inefficiencies[9]. - The net loss for the period was HKD 8,637,000, compared to HKD 10,191,000 in the prior year, reflecting a 15.3% improvement[9]. - The total comprehensive loss for the period was HKD 7,932,000, a significant decrease from HKD 2,548,000 in the same quarter of the previous year[10]. - Basic and diluted loss per share was HKD 1.76, an improvement from HKD 8.18 in the previous year[15]. - The company reported other comprehensive income of HKD 705,000 for the period, compared to HKD 7,643,000 in the previous year, indicating a decline in foreign exchange gains[9]. - The company incurred a loss of HKD 8,007,000 for the three months ended December 31, 2021, compared to a loss of HKD 8,883,000 in the same period of 2020, reflecting a decrease in losses of 9.8%[36]. - The loss for the three months ended December 31, 2021, was approximately HKD 8,637,000, compared to a loss of HKD 10,191,000 for the same period in 2020[54]. Revenue Sources - The company reported revenue from the sale of natural gas at HKD 27,458,000 for the three months ended December 31, 2021, compared to HKD 14,925,000 in the same period of 2020, representing an increase of 83.8%[24]. - Total revenue from customer contracts for the three months ended December 31, 2021, was HKD 29,680,000, up from HKD 15,739,000 in the same period of 2020, indicating an increase of 88.5%[24]. - The company's unaudited revenue increased from approximately HKD 15,739,000 for the three months ended December 31, 2020, to approximately HKD 29,680,000 for the three months ended December 31, 2021, primarily driven by the gas business segment generating approximately HKD 27,458,000[52]. - Natural gas sales volume increased by approximately 62% to about 8,113,000 cubic meters for the three months ended December 31, 2021, compared to 5,001,000 cubic meters for the same period in 2020[67]. Financial Position and Liabilities - The company is facing significant uncertainty regarding its ability to continue as a going concern due to the net loss and current liabilities exceeding current assets[20]. - The company has signed a letter of intent with bondholders to extend the maturity of HKD 11,912,000 of non-convertible bonds by one year[21]. - The company has received ongoing financial support commitments from shareholders and directors, ensuring sufficient operational funding for the foreseeable future[23]. - The company plans to explore various methods to raise funds from the market and implement tighter control over expenditures to better manage operational cash flow[23]. - The company reported a total financial cost of HKD 825,000 for the three months ended December 31, 2021, down from HKD 1,387,000 in the same period of 2020, a reduction of 40.5%[32]. - Total borrowings as of December 31, 2021, amounted to approximately HKD 80,686,000, down from HKD 95,735,000 as of September 30, 2021[58]. - The group's total debt-to-equity ratio was approximately 120% as of December 31, 2021, compared to 99% as of September 30, 2021[58]. - As of December 31, 2021, the total debt claimed by Yichang Plaintiff One amounted to RMB 8,587,000 (equivalent to HKD 10,624,000), which has been fully provisioned as liabilities by the group[71]. - The company’s financial position reflects a provision for all debts claimed by Yichang Plaintiff Two, with a civil ruling requiring repayment of RMB 1,036,000 (approximately HKD 1,281,000)[49]. - The group has faced legal disputes regarding overdue payments, with a court ruling requiring repayment of RMB 1,036,000 (equivalent to HKD 1,281,000) within 15 days[72]. - The group has no significant contingent liabilities as of December 31, 2021, maintaining a stable financial position[79]. Corporate Governance and Compliance - The company adhered to all corporate governance codes as per GEM Listing Rules Appendix 15, except for the separation of the roles of Chairman and CEO, which has not been appointed since April 19, 2018[91]. - All directors confirmed compliance with the mandatory standards for securities transactions from October 1, 2021, to December 31, 2021[92]. - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the three months ended December 31, 2021, and provided feedback to the board[94]. - The quarterly report for the period from October 1, 2021, to December 31, 2021, will be published on the Hong Kong Stock Exchange and the company's website[95]. Strategic Focus and Future Outlook - The company continues to evaluate new strategies for market expansion and product development to enhance future performance[20]. - The group is optimistic about future performance, particularly in the natural gas business segment, which is expected to contribute significant revenue due to the expansion of its sales network[80]. - The group is adopting a cautious approach towards potential mergers and acquisitions to sustain growth and profitability amid current challenges[80]. - The company adopted a prudent policy in managing working capital and will continue to closely monitor its financial position to maintain financial strength[58]. Shareholder and Staff Information - The average number of ordinary shares issued during the period was 455,860,000, significantly increased from 108,538,000 shares in the same period of 2020 due to a share consolidation[36]. - The group employed 55 staff as of December 31, 2021, down from 59 staff a year earlier[83]. - The new stock option plan was approved and adopted on August 20, 2020, following the termination of the old plan on July 30, 2020, allowing the board to grant options to eligible persons[45]. - No stock options have been granted under the new plan since its adoption, and there are no unexercised stock options as of the reporting period end[46]. - The maximum number of shares involved in the stock options under the new plan cannot exceed 10% of the issued share capital as of the date of approval[44].

Financial Performance - Revenue for the year ended September 30, 2021, was HK$71,486,000, an increase from HK$42,734,000 in the previous year, representing a growth of 67.5%[24] - The company reported a loss of HK$22,767,000 for the year, compared to a loss of HK$274,163,000 in the previous year, indicating a significant reduction in losses[24] - Basic and diluted loss per share for the year was HK(15.20) cents, an improvement from HK(110.89) cents in the previous year[24] - The gross profit for the year was approximately HK$20.3 million, compared to approximately HK$13.0 million in the previous year[50] - The net loss for fiscal year 2021 decreased by 92% to approximately HK$22,767,000, compared to a loss of approximately HK$274,163,000 in fiscal year 2020[59] - Gross profit for the fiscal year 2021 was approximately HK$20,263,000, up from HK$12,987,000 in fiscal year 2020, representing a growth of 56.5%[54] Assets and Liabilities - Non-current assets as of September 30, 2021, were HK$188,914,000, slightly up from HK$184,615,000 in the previous year[24] - Current assets increased to HK$56,329,000 from HK$41,053,000, reflecting a growth of 37.2%[24] - Current liabilities decreased to HK$99,598,000 from HK$118,415,000, showing a reduction of 15.4%[24] - Equity increased to HK$72,632,000 from HK$33,747,000, representing a growth of 115.5%[24] - The current assets to current liabilities ratio improved to 0.6 from 0.3 in the previous year, indicating better liquidity[24] - The assets to equity ratio decreased to 3.4 from 6.7, suggesting a reduction in financial leverage[24] Revenue Sources - The Group's revenue for the year ended 30 September 2021 was approximately HK$71.5 million, with the natural gas business contributing approximately HK$61 million, accounting for about 85% of total revenue[33] - Revenue from natural gas sales and pipeline installation services was approximately HK$57.6 million and HK$3.3 million respectively for the year, compared to HK$37.4 million and HK$0.6 million in the previous year[52] - Revenue from the natural gas and pipeline installation services for fiscal year 2021 was approximately HK$57,558,000 and HK$3,276,000, respectively, compared to HK$37,438,000 and HK$563,000 in fiscal year 2020[54] Operating Expenses - Total operating expenses decreased by 21% to approximately HK$40.5 million, down from approximately HK$51.6 million in the previous year[53] - Total operating expenses for fiscal year 2021 were approximately HK$40,533,000, a reduction of 21% from HK$51,580,000 in fiscal year 2020[55] Future Outlook - The expected average revenue growth rate for the next five years was estimated at 13% in 2021, down from 22% in 2020[64] - The expected average net profit margin for the next five years was estimated at 2% in 2021, a significant improvement from the expected average negative net profit margin of 4% in 2020[65] - The Group's management is optimistic about the future performance of the natural gas segment, expecting steady growth under the current economic conditions[43] Strategic Initiatives - The company is focused on strategic growth and improving financial stability through operational efficiencies and market expansion initiatives[24] - The Group plans to be cautious and conservative in pursuing new mergers and acquisitions to sustain growth and profitability[44] - The management will adopt a cautious approach in seeking new potential mergers and acquisitions to sustain growth and profitability[116] Capital Management - The net proceeds from the Rights Issue were approximately HK$58,350,000, with net proceeds after expenses amounting to approximately HK$56,259,000[87] - The Company plans to use the net proceeds from the Rights Issue for the redemption of outstanding bonds, payment of professional fees, and general working capital[88] - The Company’s capital reorganization and Rights Issue were approved by shareholders on 21 April 2021[85] Shareholder Information - The Company has adopted a Share Option Scheme to incentivize employees and Directors, approved on 20 August 2020[160] - The Share Option Scheme aims to assist in recruitment and retention of high-caliber employees essential for the Group's growth[161] - No substantial shareholders or other persons had interests or short positions in the shares or underlying shares as of 30 September 2021[159] Management and Governance - The company has a strong management team with diverse backgrounds in finance, technology, and international trade, enhancing its strategic capabilities[132] - The independent non-executive directors bring extensive experience from various industries, contributing to the company's governance and strategic direction[134] - The Group's remuneration policies are regularly reviewed, ensuring alignment with market terms and individual performance[120] Legal and Compliance - The management is assessing the potential outcomes of an appeal regarding a legal dispute over property ownership, which may impact Shenzhen Global[112] - The Company acknowledged the omission to comply with GEM Listing Rules regarding timely disclosure of connected transactions and plans to publish an announcement[188] Related Party Transactions - For the year ended 30 September 2021, the Group's connected transactions included a natural gas sales agreement with a transaction amount of approximately HK$1,189,000[184] - A material lease contract with a transaction amount of approximately HK$4,444,000 was executed between Senchou Environment and Shanghai Junsheng[186]