Financial Performance - The group's unaudited revenue for the six months ended June 30, 2021, was approximately RMB 34,560,000, representing an increase of about 63.0% compared to RMB 21,197,000 for the same period in 2020[6] - The loss attributable to owners of the company for the six months ended June 30, 2021, was approximately RMB 1,014,000, compared to a loss of RMB 807,000 for the same period in 2020[6] - The basic and diluted loss per share for the six months ended June 30, 2021, was RMB 0.39, compared to RMB 0.38 for the same period in 2020[6] - The gross profit for the six months ended June 30, 2021, was RMB 19,533,000, compared to RMB 15,403,000 for the same period in 2020[9] - Operating profit for the six months ended June 30, 2021, was RMB 1,963,000, compared to RMB 1,545,000 for the same period in 2020[9] - The total comprehensive loss for the six months ended June 30, 2021, was RMB 5,260,000, compared to a total comprehensive income of RMB 5,219,000 for the same period in 2020[10] - The company reported a significant increase in sales costs, which rose to RMB 15,027,000 for the six months ended June 30, 2021, compared to RMB 5,794,000 for the same period in 2020[9] - The company recorded a total operating loss of RMB 1,059,000 for the period, compared to a loss of RMB 813,000 in the previous year[30] - The company reported a pre-tax loss of RMB 1,014,000 for the six months ended June 30, 2021, compared to a loss of RMB 807,000 in the same period of 2020, indicating an increase in losses[47] Cash Flow and Assets - The net cash generated from operating activities for the six months ended June 30, 2021, was RMB 7,230,000, compared to RMB 4,607,000 in 2020, representing a 56% increase[20] - The company reported a net cash decrease of RMB 4,127,000 for the six months ended June 30, 2021, compared to an increase of RMB 2,355,000 in the same period of 2020[20] - The cash and bank balances at June 30, 2021, stood at RMB 4,697,000, an increase from RMB 3,826,000 in 2020[20] - The company's non-current assets as of June 30, 2021, amounted to RMB 104,393,000, down from RMB 138,626,000 as of December 31, 2020[12] - The company's total assets less current liabilities as of June 30, 2021, were RMB 356,866,000, compared to RMB 360,046,000 as of December 31, 2020[14] - As of June 30, 2021, the company's current assets were approximately RMB 260,204,000, up from RMB 228,270,000 as of December 31, 2020[62] - The company's current ratio remained stable at approximately 33.7 times as of June 30, 2021, compared to 33.3 times as of December 31, 2020[62] Revenue Breakdown - Revenue from the sale of electronic components increased significantly to RMB 11,281,000 in 2021 from RMB 6,291,000 in 2020, marking an 80% growth[27] - Revenue from the electronic components processing and trading business increased by approximately RMB 4,990,000 or 79.3% to about RMB 11,281,000, driven by a rebound in demand in China[58] - The funeral services business generated revenue of approximately RMB 8,575,000, representing 24.8% of total revenue[61] - Sales from cemetery services amounted to RMB 8,575,000 in 2021, with no revenue reported in 2020[27] - Interest income from lending activities was RMB 14,704,000 for the six months ended June 30, 2021, slightly down from RMB 14,906,000 in 2020, indicating a decrease of 1.4%[27] - The company earned interest income from lending activities of approximately RMB 14,704,000, accounting for about 42.6% of total revenue[61] Expenses and Liabilities - Financial expenses, including interest on unsecured bonds, amounted to RMB 2,632,000 for the six months ended June 30, 2021, up from RMB 2,252,000 in 2020[38] - Total employee costs for the six months ended June 30, 2021, were RMB 1,015,000, a decrease from RMB 1,200,000 in the same period of 2020[38] - The company recorded a fair value loss on financial assets of RMB 3,367,000 for the six months ended June 30, 2021, compared to a loss of RMB 1,199,000 in 2020[35] - The financial assets recorded a fair value loss of RMB 3,367,000 for the six months ended June 30, 2021, compared to a loss of RMB 1,199,000 in 2020[30] - The total amount of trade payables as of June 30, 2021, was RMB 1,833,000, slightly down from RMB 1,904,000 as of December 31, 2020[54] Dividends and Share Options - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2021[6] - The company did not declare an interim dividend for the six months ended June 30, 2021, consistent with the previous year[46] - As of June 30, 2021, there are 21,460,000 unexercised share options under the share option plan, with an exercise price of HKD 0.20 per share[77] - No share options were granted, exercised, cancelled, or lapsed during the reporting period[78] Corporate Governance - The audit committee, established in July 2001, consists of three independent non-executive directors and reviews the group's financial reporting procedures and internal controls[83] - The company has adopted the GEM Listing Rules for the conduct of securities trading by directors[85] - The company and its subsidiaries did not engage in any arrangements that would benefit directors or key executives through the purchase of the company's shares or debt securities as of June 30, 2021[79] - There were no purchases, sales, or redemptions of the company's shares by the company or its subsidiaries during the reporting period[84] - The company has not applied any new standards or interpretations that have a significant impact on its financial performance during the reporting period[24] - No significant events occurred after the reporting period[91] Future Outlook - The company plans to continue investing in the electronic components business to achieve product upgrades and explore other potential investment opportunities[61] - The average credit period granted to customers remained between 90 to 120 days, unchanged from 2020[51] - The aging analysis of trade receivables showed that amounts overdue by more than 180 days were RMB 266,497,000 as of June 30, 2021, down from RMB 281,398,000 in December 2020[55]

Financial Performance - The group's revenue for the three months ended March 31, 2021, was approximately RMB 18,030,000, an increase of about 100.9% compared to RMB 8,976,000 for the same period in 2020[6] - The profit attributable to the owners of the company for the same period was approximately RMB 6,930,000, compared to RMB 587,000 in the previous year[6] - Basic and diluted earnings per share were approximately RMB 2.691, up from RMB 0.273 in the prior year[9] - The gross profit for the three months ended March 31, 2021, was RMB 10,068,000, compared to RMB 7,453,000 for the same period in 2020[8] - Operating profit for the period was RMB 8,576,000, significantly higher than RMB 1,596,000 in the previous year[8] - The total comprehensive income for the period was RMB 8,527,000, compared to RMB 6,112,000 in the same period last year[9] - The company recorded a profit before tax of RMB 7,257,000, compared to a profit of RMB 629,000 in the previous year[19] - The net profit attributable to the company's owners increased to approximately RMB 6,930,000, a rise of about RMB 6,343,000 or 1,080.6% compared to the same period last year[25] Revenue Breakdown - Revenue from electronic components processing and trading increased by approximately RMB 3,323,000 or 184.7% to about RMB 5,122,000, driven by a rebound in demand in China[24] - The funeral services business generated revenue of approximately RMB 5,930,000 during the period[24] - Interest income from the loan portfolio was approximately RMB 6,978,000, slightly down from RMB 7,177,000 in the same period last year, reflecting a decrease of about RMB 199,000 or 2.8%[24] - Interest income from lending activities reached approximately RMB 6,978,000, accounting for about 38.7% of total revenue[28] - Revenue from the processing and trading of electronic components amounted to approximately RMB 5,122,000, representing 28.4% of total revenue[28] - The funeral services business generated revenue of approximately RMB 5,930,000, contributing 32.9% to total revenue[28] Expenses and Costs - The company incurred financial expenses of RMB 1,322,000, an increase from RMB 1,119,000 in the previous year[17] - General and administrative expenses increased by approximately RMB 2,533,000 or 53.8% to about RMB 7,245,000 due to increased company activities during the period[25] - Financial expenses rose by approximately RMB 203,000 or 18.1% to RMB 1,322,000, primarily due to interest expenses on unsecured bonds[25] - The total employee costs for the period were RMB 509,000, down from RMB 555,000 in the same period last year[17] Dividend Policy - The company did not recommend any dividend payment for the three months ended March 31, 2021[6] - The company did not declare any dividends for the period, consistent with the previous year[23] Governance and Management - The financial statements were prepared in accordance with International Financial Reporting Standards and comply with the GEM Listing Rules[12] - The board of directors includes both executive and independent non-executive members, indicating a structured governance approach[47] - The board composition includes diverse members, which may enhance decision-making and strategic direction[47] - The board meeting was held on May 12, 2021, reflecting the company's commitment to regular oversight and strategic decision-making[47] Market and Operational Impact - The company is closely monitoring the impact of COVID-19 on its financial condition, cash flow, and operational performance, but cannot reasonably estimate the effects at this time[46] - The ongoing global pandemic has led to a series of preventive measures affecting business and economic activities, which the company is evaluating[46] - The company has not provided specific financial guidance due to the dynamic nature of the COVID-19 situation[46] - The company is assessing the long-term implications of the pandemic on its market strategies and operational adjustments[46] - The company is focused on maintaining transparency regarding the pandemic's impact on its operations and financial outlook[46] - The company has not disclosed any new product developments or market expansion strategies in the current report[46] - The company is committed to evaluating its financial performance in light of ongoing global challenges[46] Capital and Staffing - The company's asset-liability ratio was approximately 17.5%, up from 15.4% as of December 31, 2020[34] - The company did not have any significant capital commitments or contingent liabilities as of March 31, 2021[30][36] - There were no major investments or acquisitions during the period[31][32] - The company employed approximately 27 staff members in Hong Kong and China as of March 31, 2021[33]

Financial Performance - Total revenue for the year was approximately RMB 52,824,000, a decrease of about 16.2% compared to 2019[28]. - Interest income from lending operations reached approximately RMB 30,833,000, accounting for about 58.4% of total revenue[31]. - Revenue from the electronic components processing and trading business decreased by approximately RMB 14,396,000 or 46.0% to about RMB 16,882,000[32]. - The funeral services business generated revenue of approximately RMB 5,109,000, representing about 9.6% of total revenue[31]. - The company recorded a loss attributable to owners of approximately RMB 25,571,000, an increase of about RMB 521,000 or 2.1% compared to the previous year[33]. - The decrease in revenue was mainly due to the impact of COVID-19 and the US-China trade war, which led to reduced customer demand[32]. - The expected credit loss provision for the year was approximately RMB 22,138,000, an increase from RMB 12,859,000 in 2019, due to the impact of COVID-19 on trade receivables and loans[34]. - As of December 31, 2020, the group's trade receivables, loans, and other receivables amounted to approximately RMB 339,414,000, down from RMB 375,722,000 in 2019[35]. - The current ratio improved to 33.3 times in 2020 from 20.9 times in 2019, indicating a stronger liquidity position[36]. - The group's total liabilities to total assets ratio was approximately 15.4% as of December 31, 2020, compared to 14.2% in 2019[37]. Operational Strategy - The company plans to invest more resources into the funeral services business while ensuring stability in lending and electronic components operations[28]. - The company will explore other potential investment opportunities to diversify revenue sources[28]. - The company plans to continue investing in the processing and trading of electronic components to achieve product upgrades and implement various cost-saving and quality improvement measures[54]. - The ongoing impact of COVID-19 and the US-China trade war may further affect the company's financial performance, which will be closely monitored[54]. Corporate Governance - The board of directors consists of five members, including two executive directors and three independent non-executive directors[71]. - All independent non-executive directors confirmed their independence in accordance with GEM Listing Rules[72]. - The attendance rate for the board meetings in 2020 was 100% for the executive director Ms. Xu Aini and 84.6% for Mr. Feng Keming[69]. - The nomination committee held two meetings in 2020, with full attendance from all members[81][82]. - The nomination committee reviewed the current board structure, diversity policy, and the independence of non-executive directors[83]. - The company has adopted a nomination policy to ensure that appointed directors possess relevant business, financial, and management skills[84]. - The chairman and CEO roles are clearly separated to ensure a balance of power and authority[70]. - The company has appropriate insurance arrangements for legal actions against directors[75]. - The independent non-executive directors have no family, financial, or business relationships among themselves[73]. - The company complies with GEM Listing Rules requiring at least three independent non-executive directors, with one having appropriate professional qualifications[71]. - The board consists of five directors, with three females and two males, reflecting a commitment to gender diversity[89]. - The nomination committee evaluates candidates based on their ability to enhance existing board skills and diversity, considering factors such as gender, age, and professional experience[86]. - The company has adopted a board diversity policy, recognizing the benefits of diverse backgrounds in decision-making processes[88]. - All directors are required to comply with the GEM Listing Rules regarding securities transactions, confirming adherence to the standards set forth[95]. - The remuneration committee was established in August 2006, comprising independent non-executive directors and an executive director[99]. - The company emphasizes the importance of ongoing professional development for directors, providing training on their roles and responsibilities[92]. - The nomination committee reviews the effectiveness of the nomination policy regularly to ensure it meets the company's needs[87]. - Directors are provided with timely access to meeting agendas and relevant documents to facilitate informed decision-making[96]. - The board's composition is reviewed annually to ensure it possesses the necessary expertise and experience for effective governance[88]. - The company encourages all directors to participate in continuous professional education to stay updated on relevant regulations and governance practices[90]. - The remuneration committee held 4 meetings in 2020, with all executive and independent non-executive directors attending all sessions[104][105]. Audit and Internal Control - The company incurred audit fees of approximately RMB 534,000 for the statutory audit for the year ended December 31, 2020[107]. - The audit committee conducted 6 meetings in 2020, with full attendance from all members[113][114]. - The audit committee reviewed the audited financial statements for the year ended December 31, 2019, and the interim report for the six months ended June 30, 2020[115]. - The board has reviewed the effectiveness of the internal control system and deemed it effective and adequate as of December 31, 2020[111]. - The company has engaged an independent internal control review consultant to conduct an annual review of the internal control system[110]. - The audit committee's responsibilities include reviewing the company's financial controls, internal control, and risk management systems[115]. Shareholder Communication - The company emphasizes effective communication with shareholders, encouraging participation in all shareholder meetings[122]. - The board has the discretion to declare dividends based on various factors, including the group's actual and expected financial performance[127]. - The attendance rate of executive directors at the 2020 annual general meeting was 100% for some, while others had 0% attendance[125]. - The company has established a dividend policy that considers financial performance, capital requirements, and overall economic conditions[128]. - The company has engaged investor relations professionals to facilitate communication with existing and potential investors[135]. - The board welcomes questions and concerns from shareholders and stakeholders regarding management and governance[135]. - The company has not made any changes to its articles of association during the year[136]. - The company is committed to balancing stakeholder interests while providing quality products and services[138]. - The company encourages shareholders to opt for electronic communication to enhance effective communication and environmental sustainability[135]. Environmental Responsibility - Total energy consumption for the reporting period was 29.4 MWh, and total water consumption was 695.6 cubic meters[150]. - Total greenhouse gas emissions amounted to 17.9 metric tons of CO2 equivalent, all from indirect emissions generated by purchased electricity[154]. - The company implemented a "paperless" initiative, utilizing electronic documents and encouraging double-sided printing to reduce paper consumption[147]. - The company is committed to minimizing negative environmental impacts through various measures, including sustainable procurement and employee engagement in environmental activities[155]. - The company aims to enhance resource efficiency through eco-friendly office management practices, such as using natural lighting and energy-efficient office supplies[146]. - The company is exploring the feasibility of establishing a sustainability task force and setting energy-saving targets[151]. - The company has developed internal environmental policies to comply with relevant environmental laws and regulations, ensuring proper waste management and emissions control[152]. - The company encourages employees to participate in various environmental activities to foster awareness and commitment to sustainability[155]. Human Resources - The company established a comprehensive human resources management system, ensuring fair recruitment practices and competitive compensation for employees[159]. - The company promotes equal employment opportunities, creating a work environment free from discrimination based on gender, age, nationality, and other factors[161]. - Total number of employees is 25, with a gender distribution of 55.2% male and 44.8% female[165]. - 100% of employees are full-time, with age distribution showing 58.6% aged 30-39, 31.0% aged 40-49, and 10.4% aged 50 or above[165]. - Average training hours per employee is 5.8 hours, with males receiving 4.5 hours and females receiving 7.4 hours[174]. - Senior management employees receive an average of 18.4 training hours, while other employees receive 3.2 hours[174]. - The company emphasizes the importance of employee health and safety, adhering to relevant regulations and providing necessary training[167]. - No significant safety incidents or injuries were reported during the reporting period[169]. - The company strictly prohibits child and forced labor, ensuring compliance with local labor laws[177]. Business Operations - The company provides secured and unsecured loans, including personal and mortgage loans, and engages in the procurement and sale of electronic components[181]. - The group emphasizes service quality and corporate reputation, ensuring compliance with the Money Lenders Ordinance (Cap. 163) and other applicable laws[182]. - The group maintains strict internal controls over the processing of electronic components to meet safety standards and customer requirements[182]. - No customer complaints or compensation claims were reported during the reporting period, indicating high service quality[186]. - The group has established an anti-corruption framework, including an audit committee and external professionals to enhance governance standards[187]. - The group actively engages in community investment activities to promote corporate social responsibility and employee involvement[190]. - The group faces risks in its lending business, including potential defaults by clients and the adequacy of collateral value[196]. - The electronic components business operates in a competitive environment in China, facing pricing and quality challenges[196]. - The group monitors market risks related to economic, political, and legal changes in Hong Kong and China[199]. - The group is committed to timely implementing appropriate measures to address identified risks[198]. - The group has not encountered any incidents of corruption or fraud during the reporting period[189]. - The group is exposed to foreign exchange rate fluctuations due to assets and liabilities denominated in currencies other than its functional currency[200]. - The group monitors foreign exchange rate risks and considers hedging for significant foreign currencies when necessary[200].

Financial Performance - The group's revenue for the nine months ended September 30, 2020, was approximately RMB 32,635,000, a decrease of about 32.2% compared to RMB 48,155,000 for the same period in 2019[5] - The loss attributable to owners of the company for the nine months ended September 30, 2020, was approximately RMB 1,325,000, compared to a profit of RMB 3,551,000 for the same period in 2019[7] - The basic and diluted loss per share for the nine months ended September 30, 2020, was RMB 0.617, compared to earnings of RMB 1.654 for the same period in 2019[8] - The gross profit for the nine months ended September 30, 2020, was RMB 23,528,000, down from RMB 26,878,000 in the same period of 2019[7] - The group reported a total comprehensive loss of RMB 10,179,000 for the nine months ended September 30, 2020, compared to a total comprehensive income of RMB 17,486,000 for the same period in 2019[8] - The operating profit for the nine months ended September 30, 2020, was RMB 2,177,000, a significant decrease from RMB 7,953,000 in the same period of 2019[7] - The total cost of sales for the nine months ended September 30, 2020, was RMB 9,107,000, compared to RMB 21,277,000 for the same period in 2019[7] - The company reported an operating loss of RMB 520,000 for Q3 2020, a significant drop from a profit of RMB 78,000 in Q3 2019[17] - The segment performance for Q3 2020 was RMB 1,417,000, compared to RMB 2,696,000 in Q3 2019, indicating a decline[17] - Total external sales for Q3 2020 were RMB 7,664,000, showing a slight decrease from RMB 7,675,000 in Q3 2019[17] Financial Expenses - The group experienced a significant increase in financial expenses, which amounted to RMB 3,353,000 for the nine months ended September 30, 2020, compared to RMB 2,827,000 in the same period of 2019[7] - The total financial expenses for the nine months ended September 30, 2020, were RMB 3,353,000, up from RMB 2,827,000 in the same period of 2019[19] - The company incurred a fair value loss of RMB 1,314,000 for the nine months ended September 30, 2020, compared to RMB 614,000 in 2019[17] - The company experienced a fair value loss on financial assets of RMB (1,288,000) for the nine months ended September 30, 2020, compared to RMB (613,000) in 2019[17] Revenue Sources - Revenue from the processing and trading of electronic components decreased by approximately RMB 15,524,000 or 60.7% to about RMB 10,065,000, primarily due to the impact of COVID-19 and the Sino-U.S. trade war[33] - Interest income from lending activities for the nine months ended September 30, 2020, was RMB 22,570,000, slightly up from RMB 22,566,000 in the same period of 2019[14] - Interest income from the lending business for the period was approximately RMB 22,570,000, slightly increasing by RMB 4,000 or 0.02% compared to RMB 22,566,000 in 2019[33] Corporate Governance and Compliance - The board of directors remains compliant with the corporate governance code, with no known breaches during the reporting period[58] - The audit committee, established in July 2001, consists of three independent non-executive directors and has not reported any significant matters to the board during the period[55] - As of September 30, 2020, there were no interests or short positions held by the company's directors or key executives in the company's shares or related securities[47] - No individuals, excluding directors and key executives, held interests in shares or related securities that required disclosure under the Securities and Futures Ordinance as of September 30, 2020[48] Shareholder Actions - The company adopted a share option scheme on November 15, 2019, which is valid for ten years, with no options granted, exercised, cancelled, or lapsed as of September 30, 2020[49] - The company granted a total of 21,460,000 share options to directors and employees on October 8, 2020, under the share option scheme[65] - The company’s shareholders approved a resolution for capital reduction and share subdivision at a special general meeting held on October 5, 2020[66] Investment and Assets - The group plans to increase investment in the processing and trading of electronic components to achieve product upgrades and implement various cost-saving and quality improvement measures[35] - No significant investments or acquisitions occurred during the period[38][39] - As of September 30, 2020, the group had no pledged assets as collateral for any loans[36] - The group’s debt-to-asset ratio was approximately 9.6% as of September 30, 2020, down from 15.4% as of December 31, 2019[42] Employee Costs - Employee costs for the period were approximately RMB 1,620,000, compared to RMB 2,691,000 in 2019[41] Dividend Policy - The group did not recommend any dividend payment for the nine months ended September 30, 2020[5]

Financial Performance - The group's unaudited revenue for the six months ended June 30, 2020, was approximately RMB 21,197,000, a decrease of about 38.1% compared to RMB 34,224,000 for the same period in 2019[5] - The loss attributable to owners of the company for the six months ended June 30, 2020, was approximately RMB 807,000, compared to a profit of RMB 3,461,000 for the same period in 2019[5] - The basic and diluted loss per share for the six months ended June 30, 2020, was RMB 0.38, compared to earnings of RMB 1.61 for the same period in 2019[5] - The operating profit for the six months ended June 30, 2020, was RMB 1,545,000, down from RMB 6,361,000 for the same period in 2019[8] - The financial expenses for the six months ended June 30, 2020, increased to RMB 2,252,000 from RMB 1,760,000 for the same period in 2019[8] - The company reported a loss of RMB (813,000) for the six months ended June 30, 2020, compared to a profit of RMB 3,322,000 in the same period of 2019[23] - The company reported a loss of RMB 1,397,000 for the six months ended June 30, 2020, compared to a profit of RMB 1,328,000 for the same period in 2019[28] - The company recorded an impairment loss of RMB 2,187,000 related to interests in associates during the six months ended June 30, 2020[34] Revenue Breakdown - Total revenue for the six months ended June 30, 2020, was RMB 21,197,000, a decrease from RMB 34,224,000 in the same period of 2019, representing a decline of approximately 38%[23] - Revenue from the sale and processing of electronic components was RMB 6,291,000 for the six months ended June 30, 2020, down 67.5% from RMB 19,333,000 in the same period of 2019[23] - Interest income from lending activities was RMB 14,906,000 for the six months ended June 30, 2020, slightly up from RMB 14,891,000 in 2019, indicating a marginal increase of 0.1%[23] - Revenue from external sales decreased to RMB 7,729,000 in Q2 2020, down 4% from RMB 8,045,000 in Q2 2019[28] - Revenue from the processing and trading of electronic components decreased by approximately RMB 13,042,000 or 67.5% to about RMB 6,291,000, primarily due to the impact of COVID-19 and the Sino-U.S. trade war[53] Cash Flow and Assets - The group's cash and bank balances increased to RMB 3,826,000 as of June 30, 2020, from RMB 1,774,000 as of December 31, 2019[11] - The total assets less current liabilities amounted to RMB 369,129,000 as of June 30, 2020, compared to RMB 392,775,000 as of December 31, 2019[11] - The company's equity attributable to owners was RMB 367,342,000 as of June 30, 2020, compared to RMB 362,117,000 as of December 31, 2019[11] - The total cash and cash equivalents at the end of June 30, 2020, was RMB 3,826,000, down from RMB 25,955,000 at the end of June 30, 2019[16] - Total assets as of June 30, 2020, amounted to RMB 369,880,000, an increase from RMB 352,771,000 as of December 31, 2019[30] - The company's total liabilities as of June 30, 2020, were RMB 56,250,000, a decrease from RMB 57,840,000 as of December 31, 2019[30] Dividends and Shareholder Information - The group did not recommend the payment of an interim dividend for the six months ended June 30, 2020[5] - The company did not declare an interim dividend for the six months ended June 30, 2020, consistent with no dividend declared in 2019[39] - A share consolidation was approved on July 8, 2020, merging every ten existing shares of HKD 0.02 into one share of HKD 0.20, resulting in a total issued share capital of HKD 1,000,000,000[69] - The company has not granted, exercised, canceled, or expired any share options since the adoption of the share option plan on November 15, 2019, with no unexercised options as of June 30, 2020[73] - There were no purchases, sales, or redemptions of the company's shares by the company or its subsidiaries during the reporting period[79] Employee and Operational Information - As of June 30, 2020, the group employed approximately 25 employees in Hong Kong and China, with employee costs amounting to RMB 1,200,000, a decrease of 38.5% from RMB 1,951,000 in 2019[65] - The company’s total employee costs decreased to RMB 1,200,000 in Q2 2020 from RMB 1,951,000 in Q2 2019, reflecting a reduction in salaries and wages[34] Financial Policies and Compliance - The company has not applied any new standards or interpretations that have a significant impact on its financial performance during the reporting period[20] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited interim results, ensuring compliance with applicable standards and regulations[78] - The company has not implemented any hedging policies for foreign exchange risks during the period but will continue to monitor such risks[59] Other Information - The company did not engage in any significant investment activities during the period[62] - There were no significant acquisitions or disposals during the period[63] - No significant contingent liabilities were reported as of June 30, 2020, consistent with the previous year[68] - No significant events occurred after the reporting period[83]

HAO WEN HOLDINGS LIMITED 皓文控股有限公 司 (於開曼群島註冊成立之有限公司） 股份代號: 8019 2020 第一季度 業績報告 皓文控股有限公司 第一季度業績報告 2020 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帶 來較高投資風險。有意投資的人士應了解投資該等公司的潛在風險，並應經過審慎周詳考慮後方 可作出投資決定。 由於GEM 上市公司普遍為中小型公司，在GEM 買賣的證券可能會較於主板買賣之證券承受較大 的市場波動風險，同時無法保證在GEM 買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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報告全部或任何部份內容而產生或因依賴該等內容而引致之任何 損失承擔任何責任。 01 香港聯合交易所有限公司（「聯交所」）GEM 之特色 本報告包括根據《聯交所GEM證券上市規則》（「GEM上市規則」）規定提供皓文控股有限公司（「本 公司」）之資料，本公司各董事（「董事」）對本報告共同及個別承擔全部責任。董事在作出一切合理 查詢後確認，就彼等所知及所信 ...

Financial Performance - The total revenue for the year was approximately RMB 63,065,000, a decrease of about 15.5% compared to RMB 74,676,000 in 2018, primarily due to a decline in the electronic components processing and trading business [31]. - Interest income from the lending business reached approximately RMB 31,787,000, accounting for about 50.4% of total revenue, with a slight decrease of 5.0% compared to the previous year [30]. - Revenue from the electronic components processing and trading business was approximately RMB 31,278,000, representing a decrease of about RMB 9,941,000 or 24.1% from RMB 41,219,000 in 2018 [31]. - The company recorded a loss of approximately RMB 25,313,000 for the year, mainly due to impairment losses on interests in associates and expected credit loss provisions [28]. - The group reported a consolidated loss of approximately RMB 25,313,000 for the year, an increase of about RMB 15,558,000 or 159.5% compared to the previous year [33]. - Expected credit loss provisions for the year amounted to approximately RMB 12,859,000, significantly higher than RMB 2,474,000 in the previous year due to the impact of COVID-19 [33]. - The decline in revenue was largely influenced by unfavorable economic conditions in China, leading to reduced customer demand [31]. Operational Efficiency - General and administrative expenses decreased by approximately RMB 5,869,000 or 17.1% to about RMB 28,459,000, primarily due to reduced company activities during the year [32]. - Financial expenses increased by approximately RMB 1,012,000 or 34.6% to RMB 3,940,000, attributed to interest expenses on unsecured bonds and borrowings issued in the previous year [32]. - The company aims to ensure stability in its lending business while enhancing its electronic components operations [28]. - The company plans to invest more resources in the processing and trading of electronic components while exploring other potential investment opportunities to broaden revenue sources [28]. Corporate Governance - The company is committed to maintaining high standards of corporate governance in line with GEM listing rules and shareholder expectations [57]. - The board of directors is responsible for formulating strategic policies and overseeing the company's affairs to enhance shareholder value [60]. - All directors actively participated in board meetings, with attendance rates of 100% for all directors in 2019 [63]. - The board consists of five members, including two executive directors and three independent non-executive directors [65]. - The independent non-executive directors have confirmed their independence in accordance with GEM Listing Rules [66]. - The company has adopted a nomination policy to ensure that appointed directors possess relevant business, financial, and management skills [79]. - The company ensures that independent non-executive directors who have served for over nine years must obtain independent shareholder approval for reappointment [74]. - The company has appropriate insurance arrangements for legal actions against directors [69]. - The board members have no familial, financial, or business relationships among them [67]. - The company complies with GEM Listing Rules requiring at least three independent non-executive directors, with one having appropriate professional qualifications [65]. Environmental Responsibility - The group reported a total greenhouse gas emissions of 11,205 kg CO2 equivalent from electricity consumption during the reporting period [135]. - The group has implemented measures to reduce resource consumption, including energy-saving initiatives and a paperless office policy, resulting in reduced electricity and paper usage [141]. - The group has not encountered any violations of environmental laws or regulations during the reporting period [134]. - The group has established internal environmental policies and measures in compliance with applicable environmental laws and industry standards [133]. - The group has successfully reduced paper consumption by promoting double-sided printing and recycling initiatives [141]. - The group is committed to balancing stakeholder interests while providing quality products and services [131]. Employee Management - The group employed approximately 38 staff members as of December 31, 2019, with total employee costs amounting to RMB 6,266,000, an increase from RMB 5,483,000 in 2018 [48]. - The company employs a total of 38 staff, with 55.6% male and 44.4% female [146]. - 100% of employees are full-time, with 31.1% in management positions and 68.9% in other roles [146]. - Total training hours for male employees were 112 hours, while female employees received 166 hours of training [155]. - The company emphasizes talent development and internal promotion opportunities for high-performing employees [155]. - The company provides various training programs, including professional knowledge in lending, management, project management, and communication skills [156]. Risk Management - The group is focused on managing risks associated with its lending business, including potential defaults by clients [178]. - The electronic components processing and trading business operates in China, facing intense competition and regulatory risks [178]. - The group monitors market risks related to economic and political changes in Hong Kong and China, which may adversely affect its operations [180]. - The group has established internal policies and procedures to manage lending risks, although these may not be fully effective [178]. Shareholder Communication - The company emphasizes effective communication with shareholders, encouraging participation in all shareholder meetings [114]. - The board welcomes questions and concerns from shareholders and stakeholders regarding management and governance [126]. - The company encourages shareholders to opt for electronic communication to maintain effective communication and environmental benefits [126]. - The company has established a dividend policy in March 2019, which outlines the procedures for declaring and recommending dividends [118]. - Shareholders holding at least 10% of the paid-up capital can request the board to convene a special general meeting [123]. Financial Compliance - The company has not identified any significant non-compliance with relevant laws and regulations that would have a major impact on the group [185]. - The company has established standard operating procedures and reporting frameworks to manage operational risks [183]. - The company continuously monitors cash flow to manage liquidity risk and maintain sufficient cash levels [184]. - The company has adopted all applicable International Financial Reporting Standards as issued by the International Accounting Standards Board [99].

Financial Performance - The group's revenue for the nine months ended September 30, 2019, was approximately RMB 48,155,000, a decrease of about 14.2% compared to the same period in 2018[5] - Profit attributable to owners of the company for the nine months ended September 30, 2019, was approximately RMB 3,551,000, with earnings per share of RMB 0.164[5] - The operating profit for the nine months ended September 30, 2019, was RMB 7,953,000, down from RMB 12,895,000 in the same period of 2018[7] - The total comprehensive income for the nine months ended September 30, 2019, was RMB 17,486,000, compared to RMB 36,529,000 in the same period of 2018[9] - The group reported a gross profit of RMB 26,878,000 for the nine months ended September 30, 2019, down from RMB 30,345,000 in the same period of 2018[7] - The pre-tax profit for the nine months ended September 30, 2019, was RMB 5,421,000, down from RMB 11,206,000 in the same period of 2018[7] - The net profit for the nine months ended September 30, 2019, was RMB 3,400,000, down 62.7% from RMB 9,097,000 in the same period of 2018[18] - The group experienced a significant decrease in net profit for the three months ended September 30, 2019, with a profit of only RMB 78 compared to RMB 3,813 in the same period of 2018[9] Revenue Breakdown - For the nine months ended September 30, 2019, interest income from lending business was RMB 22,566,000, a decrease of 7.8% from RMB 24,463,000 in the same period of 2018[17] - Revenue from the sale of electronic components for the nine months ended September 30, 2019, was RMB 25,589,000, down 19.2% from RMB 31,644,000 in 2018[17] - Total revenue for the nine months ended September 30, 2019, was RMB 48,155,000, a decline of 14.2% compared to RMB 56,107,000 in the same period of 2018[17] - Interest income from lending business decreased by approximately RMB 1,897,000 or 7.8% compared to the same period in 2018, reaching about RMB 22,566,000, which accounted for approximately 46.9% of total revenue[34] - Revenue from the processing and trading of electronic components decreased by approximately RMB 6,055,000 or 19.1% compared to the same period in 2018, totaling approximately RMB 25,589,000, which accounted for approximately 53.1% of total revenue[31] Expenses and Financial Metrics - The group incurred general and administrative expenses of RMB 18,312,000 for the nine months ended September 30, 2019, compared to RMB 16,643,000 in the same period of 2018[7] - The total financial expenses for the nine months ended September 30, 2019, amounted to RMB 2,827,000, an increase of 32.5% from RMB 2,134,000 in 2018[22] - The company reported a fair value loss of RMB 614,000 for the nine months ended September 30, 2019, compared to a loss of RMB 1,401,000 in the same period of 2018[20] - The income tax expense for the nine months ended September 30, 2019, was RMB 2,021,000, compared to RMB 2,109,000 in the same period of 2018[24] - General and administrative expenses increased by approximately RMB 1,669,000 or 10.0% compared to the same period in 2018, mainly due to an increase in corporate activities[31] - Financial expenses increased by approximately RMB 693,000 or 32.5% compared to the same period in 2018, primarily due to interest expenses on unsecured bonds and borrowings[31] Dividend and Shareholder Information - The group did not recommend any dividend payment for the nine months ended September 30, 2019[5] - The company did not recommend any dividend payment for the nine months ended September 30, 2019, consistent with the previous year[30] - There were 160,850 stock options unexercised as of September 30, 2019, under the existing stock option plan which is set to expire on September 24, 2019[49] - The board plans to propose a new stock option plan to shareholders at a special general meeting scheduled for November 15, 2019[55] Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited results for the period and found them to comply with applicable standards and regulations[53] - During the reporting period, the company or its subsidiaries did not purchase, sell, or redeem any of the company's listed securities[54] - There were no significant matters that needed to be reported to the board by the audit committee during the period[53] - The company has no arrangements that would allow directors and key executives to benefit from purchasing shares or debt securities of the company or any other corporation[50] - No directors or major shareholders were found to have any competing business interests during the period[51] Market and Strategic Outlook - The company adopted IFRS 16 on January 1, 2019, which impacts the accounting treatment of leases, requiring recognition of right-of-use assets and corresponding liabilities[16] - The company plans to continue expanding its market presence and developing new products and technologies in response to changing market conditions[16] - The company has not engaged in any significant investment, acquisition, or disposal activities during the reporting period[39][40] - The company has not disclosed any new strategies or market expansions in the provided documents[56] Employment and Corporate Structure - The group employed approximately 53 employees in Hong Kong and China as of September 30, 2019[42] - As of September 30, 2019, there were no known interests or short positions held by the company's directors or key executives in the company's shares or related securities[46] - No individuals, excluding directors and key executives, held any interests or short positions in shares or related securities that required disclosure under the Securities and Futures Ordinance as of September 30, 2019[48]

HAO WEN HOLDINGS LIMITED 皓文控股有限公 司 (於開曼群島註冊成立之有限公司） 股份代號: 8019 中期報告 2019 皓文控股有限公司 中期報告2019 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帶 來較高投資風險。有意投資的人士應了解投資該等公司的潛在風險，並應經過審慎周詳考慮後方 可作出投資決定。 由於GEM 上市公司普遍為中小型公司，在GEM 買賣的證券可能會較於主板買賣之證券承受較大 的市場波動風險，同時無法保證在GEM 買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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報告全部或任何部份內容而產生或因依賴該等內容而引致之任何 損失承擔任何責任。 01 香港聯合交易所有限公司（「聯交所」）GEM 之特色 本報告包括根據《聯交所GEM證券上市規則》（「GEM上市規則」）規定提供皓文控股有限公司（「本 公司」）之資料，本公司各董事（「董事」）對本報告共同及個別承擔全部責任。董事在作出一切合理 查詢後確認，就彼等所知及所信，本報告所載資料在各 ...

Financial Performance - The group's revenue for the three months ended March 31, 2019, was approximately RMB 15,493,000, a decrease of about 17.4% compared to RMB 18,750,000 for the same period in 2018[5]. - The profit attributable to owners of the company for the same period was approximately RMB 2,029,000, down from RMB 3,262,000 in 2018[6]. - Earnings per share for the period was approximately RMB 0.095, compared to RMB 0.152 in the previous year[7]. - The operating profit for the three months ended March 31, 2019, was RMB 3,341,000, a decrease from RMB 4,681,000 in 2018[11]. - Interest income from lending activities was RMB 6,846,000, down from RMB 8,811,000 in the same period last year[19]. - Revenue from the processing and trading of electronic components was RMB 8,647,000, compared to RMB 9,939,000 in 2018[19]. - The total comprehensive loss for the period was RMB 9,046,000, compared to a loss of RMB 12,008,000 in the previous year[12]. - Interest income from lending activities decreased by approximately RMB 1,965,000 or 22.3%, amounting to RMB 6,846,000, which accounted for about 44.2% of total revenue[39]. - Revenue from the procurement, processing, and sale of electronic components decreased by approximately RMB 1,292,000 or 13.0% compared to the previous year[39]. - The company achieved a net profit attributable to owners of RMB 2,029,000, a decrease of approximately RMB 1,233,000 or 37.8% from RMB 3,262,000 in 2018[38]. Expenses and Financial Management - General and administrative expenses decreased by approximately RMB 447,000 or 7.1% compared to the same period in 2018[37]. - Financial expenses increased by approximately RMB 222,000 or 31.0% compared to the previous year, primarily due to interest expenses on unsecured bonds and borrowings[37]. - The company reported a turnaround in other income and losses, moving from an unrealized loss of RMB 343,000 to an unrealized gain of RMB 578,000[37]. Dividends and Shareholder Returns - The board of directors did not recommend the payment of any dividends for the three months ended March 31, 2019[8]. - The company did not recommend any dividend payment for the period, consistent with the previous year[34]. Business Operations - The company continues to engage in lending and trading of electronic components as its main business activities[16]. - The company continues to focus on its lending business and the processing and sale of electronic components amid a challenging economic environment[39]. Capital and Investments - As of March 31, 2019, the company's debt-to-asset ratio was approximately 14.0%, a slight decrease from 14.2% as of December 31, 2018[57]. - The company utilized approximately HKD 200,000,000 from the rights issue to meet the demand of certain customers in the bond business[52]. - Approximately HKD 31,068,000 was used for the acquisition of Reach Solution Technology Limited and available-for-sale financial assets[52]. - The remaining balance of HKD 9,692,000 from the rights issue will continue to be used as originally planned for future acquisitions or investments[52]. - There were no significant investments or acquisitions during the reporting period[54][55]. - The company has no major contingent liabilities as of March 31, 2019[59]. Workforce and Corporate Governance - The company employed around 49 employees in Hong Kong and China as of March 31, 2019[56]. - The board will continue to evaluate the company's objectives and may adjust plans based on changing market conditions to achieve sustainable growth[53]. - The company has not engaged in any buybacks, sales, or redemptions of its listed securities during the reporting period[67]. - No significant events occurred after the reporting period[68]. Compliance and Reporting Standards - The financial statements were prepared in accordance with International Financial Reporting Standards and comply with the GEM Listing Rules[17].