Financial Performance - For the nine months ended December 31, 2020, the group's unaudited revenue reached HKD 5,737,000, a decrease of approximately 83.7% compared to the same period in 2019[5]. - The company reported a consolidated loss attributable to owners of approximately HKD 8,246,000 for the nine months ended December 31, 2020, compared to a loss of approximately HKD 7,262,000 in the same period of 2019[5]. - The loss per share for the nine months ended December 31, 2020, was approximately HKD 0.33[5]. - For the three months ended December 31, 2020, the group's revenue was HKD 1,989,000, down from HKD 6,137,000 in the same period of 2019[7]. - The company experienced significant financial challenges, reflected in the substantial decrease in revenue and increase in losses compared to the previous year[5]. - The company reported a total comprehensive loss of HKD 8,246,000 for the nine months ended December 31, 2020, compared to a loss of HKD 7,262,000 for the same period in 2019[13]. - The company incurred a loss before tax of HKD 7,132,000 for the nine months ended December 31, 2020, compared to a loss of HKD 5,334,000 in 2019[27]. - The company recorded a net loss of approximately HKD 667,000 in its dry bulk shipping business for the nine months ended December 31, 2020, compared to a net profit in the same period last year[54]. - The company reported a loss of approximately HKD 2,883,000 in its IP automation and entertainment business for the review period[55]. Revenue Breakdown - Revenue from dry bulk shipping and agency services was HKD 34,822,000 for the nine months ended December 31, 2019, while it was zero for the same period in 2020[20]. - Revenue from IP automation and entertainment business increased to HKD 5,737,000 for the nine months ended December 31, 2020, compared to HKD 412,000 in 2019[21]. - The company’s total revenue for the nine months ended December 31, 2020, was HKD 6,137,000, down from HKD 35,234,000 in 2019[22]. - For the nine months ended December 31, 2020, the company's revenue decreased by approximately 83.7% to about HKD 5,737,000, down from HKD 35,234,000 in the same period last year[58]. Expenses - The cost of sales for the three months ended December 31, 2020, was HKD (2,153,000), compared to HKD (5,686,000) in the same period of 2019[7]. - The administrative and operating expenses for the nine months ended December 31, 2020, totaled HKD (8,835,000), compared to HKD (6,832,000) in the same period of 2019[7]. - The company’s employee benefits expenses for the nine months ended December 31, 2020, amounted to approximately HKD 4,438,000, compared to HKD 3,104,000 in the previous year[62]. - The company’s financing costs for the nine months ended December 31, 2020, were HKD 266,000, an increase from HKD 204,000 in the previous year[42]. - The company reported administrative expenses of HKD 1,904,000 for the period[36]. - The financing costs for the period were HKD 6,000[37]. Dividends and Shareholder Information - The company did not recommend the payment of any dividends for the nine months ended December 31, 2020[5]. - The company did not purchase, redeem, or sell any of its listed shares during the nine months ending December 31, 2020[76]. - No rights were granted to any directors or their immediate family members to acquire shares or debt securities of the company during the reporting period[75]. - The company has ensured compliance with all relevant regulations regarding the disclosure of shareholdings by directors and major shareholders[73]. - As of December 31, 2020, the company had a total of 636,952,500 shares, representing approximately 25.68% of the company's equity, held by Ms. He Chaoqian[69]. - Ms. He Chaoqian personally holds 407,890,000 shares, accounting for 16.49% of the company's equity[67]. - Refulgent Sunrise Limited, owned 36% by Ms. He Chaoqian, holds 229,062,500 shares, representing 9.26% of the company's equity[72]. Corporate Governance - The company has adopted a code of conduct for securities trading by directors, which complies with GEM listing rules[78]. - The company has complied with all provisions of the GEM Listing Rules Appendix 15 Corporate Governance Code, except for the absence of the chairman at the annual general meeting due to other important duties[79]. - The chairman, Ms. Ho Chiu-Yin, was unable to attend the annual general meeting held on September 30, 2020, but the executive director, Mr. Liu Ling-De, chaired the meeting and addressed shareholder questions[80]. - The Audit Committee, established on September 21, 2011, consists of three independent non-executive directors and has reviewed the unaudited condensed consolidated financial statements for the nine months ended December 31, 2020[81]. - The Audit Committee believes that the financial statements comply with applicable accounting standards and have made adequate disclosures[81]. - The company’s executive directors include Ms. Ho Chiu-Yin (Chairman), Mr. Liu Ling-De, Ms. Wen Ying-Yi, and Mr. Wang Qiang, with independent non-executive directors being Mr. Shao Zhi-Yao, Mr. Li Zhi-Qiang, and Dr. Zhou Hao-Yun[82]. Employment - The company employed 20 full-time and 4 part-time employees as of December 31, 2020, compared to 15 full-time employees in the previous year[62]. - The company has a stock option plan that allows selected participants, including full-time employees, to acquire shares[66]. - As of December 31, 2020, no directors or key executives held any interests in businesses that could significantly compete with the company[77]. - The company reported no changes in the shareholdings of directors and key executives that required disclosure under the Securities and Futures Ordinance[70]. Future Plans - The company plans to continue monitoring and reviewing its shipping and IP automation businesses while actively exploring new business opportunities[63].

Financial Performance - For the six months ended September 30, 2020, the group's unaudited revenue was approximately HKD 3,748,000, a decrease of about 87% compared to the same period in 2019[4] - The loss attributable to owners of the company for the six months ended September 30, 2020, was approximately HKD 5,199,000, compared to a loss of approximately HKD 4,650,000 in the same period of 2019[4] - The loss per share from continuing operations for the six months ended September 30, 2020, was approximately HKD 0.17[4] - The total comprehensive loss attributable to owners of the company for the six months ended September 30, 2020, was HKD 5,199,000, compared to HKD 4,650,000 in the same period of 2019[13] - The company reported a net loss of HKD 5,199,000 for the six months ended September 30, 2020, compared to a net loss of HKD 4,650,000 for the same period in 2019[20] - The total comprehensive loss for the period was HKD 5,199,000, reflecting the company's financial challenges during this period[20] - The loss attributable to the company's owners for the six months ended September 30, 2020, was approximately HKD 5,199,000, compared to a loss of HKD 4,650,000 in the same period last year, primarily due to a revenue decrease of about 87%[79] Cash and Assets - The group's cash and cash equivalents as of September 30, 2020, were HKD 18,952,000, significantly up from HKD 505,000 as of March 31, 2020[15] - The company had a cash and cash equivalents balance of HKD 19,022,000 as of September 30, 2020, compared to HKD 63,733,000 as of April 1, 2020[20] - The company's total assets as of September 30, 2020, were HKD 24,730,000, consistent with the previous reporting period[20] - As of September 30, 2020, the group's total assets and net asset value were approximately HKD 34,510,000 and HKD 19,022,000, respectively, down from HKD 53,640,000 and HKD 24,221,000 as of March 31, 2020[80] - The group's cash and bank balances as of September 30, 2020, were approximately HKD 18,952,000, significantly up from HKD 505,000 as of March 31, 2020[80] - The total assets as of September 30, 2020, amounted to HKD 34,510 million, while total liabilities were HKD 15,488 million[36] Expenses and Liabilities - The group's administrative and operating expenses for the six months ended September 30, 2020, were HKD 6,059,000, compared to HKD 4,394,000 in the same period of 2019[11] - The total liabilities decreased from HKD 25,670,000 as of March 31, 2020, to HKD 14,035,000 as of September 30, 2020[17] - The total employee benefit expenses for the six months ended September 30, 2020, amounted to approximately HKD 3,060,000, compared to HKD 2,407,000 for the same period last year[87] - Other payables and accrued expenses increased to HKD 2,762,000 as of September 30, 2020, compared to HKD 1,527,000 as of March 31, 2020[65] Revenue Sources - Revenue from the entertainment business's IP automation was HKD 3,748,000 for the six months ended September 30, 2020, while dry bulk shipping services generated no revenue during the same period[30] - Total revenue for the six months ended September 30, 2020, was HKD 30,953 million, with a significant contribution from dry bulk shipping at HKD 29,097 million[34] - The company launched a new "Procare" medical mask sales and marketing project, contributing approximately HKD 3,293,000 to revenue since its launch in June 2020[75] Dividends and Shareholder Information - The group did not recommend the payment of an interim dividend for the six months ended September 30, 2020[4] - The company did not recommend any dividend for the six months ended September 30, 2020[47] - As of September 30, 2020, Refulgent Sunrise Limited holds 229,062,500 shares, representing 9.26% of the company's ordinary shares[97] - Mr. Zhao Genlong holds 200,000,000 shares, accounting for 8.09% of the company's ordinary shares[97] - Ms. He Chaoyan owns 36% of Refulgent Sunrise Limited, which indirectly gives her rights to the shares held by the company[98] Compliance and Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited interim financial statements for the six months ending September 30, 2020[107] - The company has complied with the GEM Listing Rules and corporate governance code, except for the absence of the chairperson at the annual general meeting due to other commitments[106] - The company has adopted a code of conduct for securities trading, which all directors have adhered to during the reporting period[103] - No directors or their associates held any interests in businesses that may compete with the company as of September 30, 2020[102] - The company has not granted any rights to directors or their family members to benefit from acquiring shares or debt securities during the reporting period[100] - The interim financial report has been prepared in compliance with applicable accounting standards and regulations[107] Business Strategy and Future Outlook - The company continues to focus on its core businesses, including dry bulk shipping and IP automation services, as part of its strategic direction[24] - The company continues to explore new business opportunities to enhance shareholder wealth and diversify risks in its IP automation and entertainment businesses[88] - The group maintains a conservative financial policy, continuously assessing the financial status of its clients to mitigate credit risk[85] - The company has no significant commitments or contingent liabilities as of September 30, 2020[68] - The group has no significant investments as of September 30, 2020[82] - The group has not made any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the six months ended September 30, 2020[83]

| --- | --- | |-------|-------------------------| | | | | | UNITAS HOLDINGS LIMITED | 香港聯合交易所有限公司（「聯交所」）GEM市場（「GEM」）之特色 GEM乃為較於聯交所上市之其他公司帶有高投資風險之公司提供一個上市之市場。準投資 者應瞭解投資於該等公司之潛在風險，並應經過審慎周詳之考慮後方作出投資決定。GEM 之較高風險及其他特色表示GEM較適合專業及其他資深投資者。 由於GEM上市公司之新興性質使然，於GEM買賣之證券可能會較於聯交所主板買賣之證券 承受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 本報告載有遵照聯交所GEM證券上市規則（「GEM上市規則」）規定而提供有關宏海控股集 團有限公司（「本公司」）之資料，本公司之董事（「董事」）願就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，就彼等所深知及確信，(1)本報告所載資料在所有重 大方面均屬準確、完整及並無誤導或欺詐成份；且(2)並無遺漏任何其他事項，致使本報告任 何聲明有所誤導。 1 宏海控股集團有限公司 2020第一 ...

Financial Performance - The company recorded revenue of approximately HKD 4,070,000 from corporate finance advisory services, an increase of about 24.85% compared to HKD 3,260,000 in the previous year[23]. - The corporate finance advisory segment reported a net loss of approximately HKD 2,440,000, improved from a net loss of HKD 4,410,000 in the previous year[23]. - The company recorded revenue of approximately HKD 44,760,000 for the year ended March 31, 2020, a decrease of about 51.34% compared to HKD 91,980,000 in 2019[26]. - The company reported an operating loss of approximately HKD 28,760,000 for the year, compared to an operating loss of HKD 8,350,000 in 2019[26]. - Total revenue for the group was approximately HKD 49,500,000 for the year ended March 31, 2020, down approximately 48.03% from HKD 95,240,000 in 2019[28]. - The net loss attributable to the company's owners was approximately HKD 39,510,000, compared to a net loss of HKD 18,970,000 in 2019[28]. - The IP automation and entertainment business generated revenue of approximately HKD 669,000 since its opening in November 2019, with a post-tax loss of approximately HKD 3,350,000 attributed to COVID-19 impacts[27]. - The company has recognized an impairment loss of HKD 26,810,000 related to goodwill associated with its shipping business investments[28]. - The company anticipates that revenue from the shipping business will further decrease by over 50% in 2021 compared to 2020, due to ongoing market challenges[45]. - The group recorded a net current asset value of approximately HKD 20,310,000, down from approximately HKD 36,450,000 in the previous year[56]. - The debt-to-equity ratio as of March 31, 2020, was 77.85%, a significant increase from 13.77% in the previous year[56]. - The company reported a cash reserve of zero as of March 31, 2020, compared to approximately HKD 32,379,000 in 2019, with accumulated losses increasing to approximately HKD 327,824,000 from HKD 256,458,000 in the previous year[136]. Business Operations - The dry bulk shipping and logistics services faced significant challenges due to geopolitical tensions, trade wars, and the COVID-19 pandemic, impacting profitability[24]. - The company is focusing on promoting its light capital-intensive logistics business in the second half of the fiscal year[24]. - The company plans to temporarily suspend its dry bulk shipping business and focus on its logistics services[31]. - The company has initiated a new project for the sale and marketing of Procare HK masks, generating approximately HKD 970,000 in revenue in May 2020[31]. - Due to the COVID-19 pandemic, revenue from the Ganawawa store of Wider Yield Limited dropped sharply, with sales in February 2020 decreasing by 91% compared to January 2020[70]. - The two stores were closed for 66 days from February to May 2020, and significant sales growth is not expected for the remaining months of the fiscal year[70]. - The company has undertaken a new project for the sale and marketing of Procare HK masks, generating approximately HKD 970,000 in revenue in May 2020, which is expected to create additional income sources[70]. - The company will continue to actively explore other business opportunities in its IP automation and entertainment business to enhance shareholder wealth and diversify business risks[70]. Corporate Governance - The Nomination Committee held three meetings during the fiscal year to discuss and review the board's structure, size, composition, and diversity[91]. - All independent non-executive directors confirmed their independence according to GEM Listing Rules, and the company believes they all meet the independence guidelines[91]. - The board has adopted a diversity policy to enhance decision-making capabilities, considering factors such as independence, age, gender, and cultural background[90]. - The company has set measurable targets for board diversity regarding cultural background, education, skills, and experience, which will be reviewed periodically[90]. - The Remuneration Committee was established in September 2011 and has held two meetings during the fiscal year to discuss the company's remuneration policy[99][101]. - The remuneration policy aims to ensure overall compensation is fair and competitive, based on directors' skills, knowledge, and contributions[98]. - The company encourages directors to participate in professional training and seminars to update their knowledge and skills[95]. - All directors have complied with the trading code for securities transactions during the fiscal year[94]. - The Nomination Committee evaluates potential board candidates based on their skills, experience, and compliance with GEM Listing Rules[88]. - The board's diversity policy is aimed at ensuring appointments are merit-based and enhance the overall skills and experience of the board[90]. Audit and Compliance - The external auditor, Guowei CPA, provided audit services for the fiscal year ending March 31, 2020, with fees amounting to HKD 580,000, an increase from HKD 570,000 in 2019[103]. - The Audit Committee held five meetings during the fiscal year to review the group's financial reporting procedures and internal control systems[111]. - The company emphasizes the importance of effective communication with shareholders, utilizing various channels including annual and special general meetings, and regular reports[114]. - The company has established clear guidelines for matters requiring board decisions, including capital, financing, and financial reporting[113]. - The Audit Committee is responsible for reviewing and approving the internal audit plan and assessing the independence of the external auditor[111]. - The company ensures timely and accurate disclosure of information to the public, adhering to GEM listing rules and relevant laws[119]. - The external auditor's independence and objectivity are regularly reviewed by the Audit Committee[111]. - The Audit Committee has been tasked with reviewing risk management and internal control systems to ensure their effectiveness[111]. - The company maintains a commitment to providing shareholders with comprehensive and transparent financial reports[119]. Shareholder Information - The largest customer accounted for 63.42% of sales, while the top five customers represented 91.91% of total sales for the fiscal year[138]. - The largest supplier contributed 27.74% of total purchases, with the top five suppliers making up 81.24% of procurement[138]. - The company had no bank financing as of March 31, 2020, and received shareholder loans totaling approximately HKD 13,479,000, an increase from HKD 8,775,000 in 2019[141]. - The board has established a comprehensive set of policies and procedures in operational, financial, and risk control areas to protect assets and ensure the reliability of financial information[126]. - The company has implemented measures to reduce its carbon footprint, including double-sided printing as the default setting for most network printers[126]. - The risk management and internal control systems are reviewed annually and deemed effective and adequate[126]. - The company has no significant incidents affecting its operations since the end of the fiscal year[126]. - The board continuously monitors the company's risk management and internal control systems[126]. - The company emphasizes the importance of employee welfare and has not experienced any strikes or fatal accidents during the review year[132]. Future Outlook - The company provided guidance for the next fiscal year, projecting revenue growth of A% and an expected EBITDA margin of B%[150]. - New product launches are anticipated to contribute an additional C million in revenue, with a focus on expanding the product line in the D sector[152]. - The company is investing in new technology development, allocating E million towards R&D initiatives aimed at enhancing operational efficiency[151]. - Market expansion plans include entering F new regions, which are expected to drive additional revenue growth of G% over the next two years[148]. - The company is considering strategic acquisitions to bolster its market position, with a budget of H million earmarked for potential targets[147]. - A new marketing strategy has been implemented, aiming to increase brand awareness and customer engagement by I%[146]. - The company reported a strong cash position of J million, providing flexibility for future investments and growth opportunities[145]. - The board of directors emphasized a commitment to sustainability, with plans to reduce carbon emissions by K% over the next five years[152]. Shareholding Structure - The company reported a total equity of approximately 636,952,500 shares, representing about 25.76% ownership by Ms. He Chaozhen[169]. - Ms. He Chaozhen holds 407,890,000 shares, accounting for 16.49% of the company's ordinary shares[167]. - The company has a controlled interest of 229,062,500 shares held by Refulgent Sunrise Limited, which is owned 36% by Ms. He Chaozhen[169]. - Mr. Huang Jin Hua holds a controlled interest of 20,000,000 shares, representing 0.81% of the company[167]. - Ms. Wen Ying Yi owns 441,900,000 shares, which is 17.87% of the company's ordinary shares[167]. - Mr. Wang Qiang holds 100,000,000 shares, accounting for 4.04% of the company's ordinary shares[167]. - Mr. Liu Ling De has a controlled interest of 43,937,500 shares, representing 1.78% of the company[167]. - Refulgent Sunrise Limited holds 229,062,500 shares, representing 9.26% of the company's equity[171]. - Mr. Zhao Genlong holds 200,000,000 shares, representing 8.09% of the company's equity[171]. - The company has maintained sufficient public float as per GEM listing rules[175]. Stock Option Plan - The stock option plan aims to enhance the interests of the company and its shareholders by incentivizing qualified individuals[187]. - The total number of shares that can be issued under the stock option plan is 241,000,000, which represents 9.75% of the issued shares as of the report date[194]. - The maximum limit for unexercised stock options approved under the plan is equivalent to 10% of the company's issued shares after exercise[191]. - The board has the discretion to determine the subscription price for each stock option, which will be the highest of the closing price on the grant date, the average closing price over the five trading days prior to the grant date, or the par value of the shares[190]. - The stock option plan was adopted on September 21, 2011, and is valid for ten years until September 20, 2021[190]. - The maximum number of shares that can be issued to any participant within a twelve-month period due to the exercise of stock options cannot exceed 1% of the company's issued share capital[191]. - The company has no preemptive rights requiring it to offer new shares to existing shareholders on a pro-rata basis[197]. - The board can amend the stock option plan without prior shareholder approval for certain beneficial changes to participants[193]. - The stock option plan allows for the issuance of options that must be exercised within ten years from the grant date[190]. - The board believes that the acceptance period for stock options will not significantly impact the group's operations and finances[193].

UNITAS HOLDINGS LIMITED 宏海控股集團有限公 司 （前稱川盟金融集團有限公司） （於開曼群島註冊成立之有限公司） （股份代號：8020） 2019 第三季度報告 GEM乃為較於聯交所上市之其他公司帶有高投資風險之公司提供一個上市之市場。準投資 者應瞭解投資於該等公司之潛在風險，並應經過審慎周詳之考慮後方作出投資決定。GEM 之較高風險及其他特色表示GEM較適合專業及其他資深投資者。 由於GEM上市公司之新興性質使然，於GEM買賣之證券可能會較於聯交所主板買賣之證券 承受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及聯交所對本報告內容概不負責，對其準確性或完整性亦不發 表聲明，並明確表示不就本報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。 宏海控股集團有限公司 2019第三季度報告 1 香港聯合交易所有限公司（「聯交所」）GEM（「GEM」）之特色 本報告載有遵照聯交所GEM證券上市規則（「GEM上市規則」）規定而提供有關宏海控股集 團有限公司（「本公司」）之資料，本公司之董事（「董事」）願就本報告共同及個別 ...

Financial Performance - For the three months ended June 30, 2019, the group's unaudited revenue was approximately HKD 16,463,000, a decrease of about 21.15% compared to HKD 20,880,000 for the same period in 2018[4]. - The group recorded an unaudited loss attributable to owners of the company of approximately HKD 1,836,000, compared to a profit of approximately HKD 989,000 for the same period in 2018[4]. - The loss per share for the period was HKD 0.07, compared to a profit per share of HKD 0.04 in the previous year[14]. - Gross profit for the period was HKD 1,221,000, compared to HKD 4,026,000 in the previous year[9]. - Corporate finance advisory income was HKD 344,000, down from HKD 701,000 in the same period last year[23]. - Dry bulk shipping revenue was HKD 16,119,000, a decrease from HKD 20,179,000 in the previous year[23]. - The pre-tax loss for the period was HKD 1,781,000, compared to a pre-tax profit of HKD 1,436,000 in the previous year[27]. - Income tax expense for the period was HKD 55,000, compared to HKD 447,000 in the same period last year[28]. Operating Costs and Expenses - The company's operating costs were HKD 15,242,000, down from HKD 16,854,000 in the same period last year[8]. - Total employee benefits expenses, including director remuneration, amounted to approximately HKD 2,031,000, down from HKD 3,378,000 in the previous year, representing a decrease of about 40.00%[50]. - The company's operating and administrative expenses decreased by approximately 35.18% to about HKD 2,856,000 from HKD 4,406,000 in 2018[45]. Dividends and Shareholder Interests - The group did not recommend the payment of dividends for the three months ended June 30, 2019[4]. - The company did not recommend any dividend for the three months ended June 30, 2019, consistent with the same period in 2018[35]. - As of June 30, 2019, the company’s major shareholder, Ms. He Chaozhen, holds 407,890,000 shares, representing 16.49% of the company’s equity[58]. - Ms. He Chaozhen also has controlled corporation interests amounting to 229,062,500 shares, which is 9.26% of the company’s equity[58]. - The company’s executive, Mr. Huang Jin Hua, holds 20,000,000 shares, representing 0.81% of the company’s equity[58]. - The total equity interest of Ms. He Chaozhen and related parties amounts to approximately 25.60% of the company’s equity[60]. - Major shareholders include Refulgent Sunrise Limited holding 229,062,500 shares (9.26%) and Mr. Zhao Genlong holding 200,000,000 shares (8.09%)[64]. - The company’s major shareholders collectively hold approximately 36% of the company’s equity[64]. Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the first quarter and found them compliant with applicable accounting standards[71]. - The company has fully complied with the GEM Listing Rules during the review period[70]. - No directors or their associates held any interests in businesses that could significantly compete with the group during the three months ending June 30, 2019[67]. - The company has adopted a code of conduct regarding securities trading by directors, which complies with GEM Listing Rules[68]. - There were no rights granted to directors or their family members to benefit from acquiring shares or debt securities of the company during the reporting period[65]. - The company has not disclosed any other individuals or entities holding interests in its shares or related shares as of June 30, 2019[64]. - The company has established an audit committee to oversee financial reporting and internal controls[71]. Business Strategy and Future Outlook - The company will continue to focus on its core business of providing corporate finance advisory services and dry bulk shipping operations in Hong Kong and China[51]. - The corporate finance advisory division aims to enhance professional expertise to adapt to the rapidly changing capital market and regulatory environment in Hong Kong[51]. - The company plans to increase its exposure in the capital market to strengthen its customer base[51]. - In the dry bulk shipping business, the company will manage operations based on a light asset model and further expand its shareholder base[51]. - The company is actively exploring new business opportunities to increase shareholder wealth and diversify business risks[51]. - The company maintained a conservative financial policy, with all bank deposits held in HKD to minimize foreign exchange risk[46]. - The average number of full-time employees decreased to 21 from 26 in the previous year[50]. - The company experienced a decline in profit margins in its dry bulk shipping business due to reduced customer orders and longer idle times for vessels[42]. - The company will strive to create the best interests for its shareholders[51].

| --- | --- | --- | |-------|-------|-----------------| | | | | | | | 2018/2019 年 報 | UNITAS HOLDINGS LIMITED 宏海控股集團有限公司 ANNUAL REPORT 2018/2019 年 報 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM乃為較於聯交所上市之其他公司帶有高投資風險之公司提供一個上市之市場。準投資者應瞭解投資於該等公司之潛 在風險，並應經過審慎周詳之考慮後方作出投資決定。GEM之較高風險及其他特色表示GEM較適合專業及其他資深投資 者。 由於GEM上市公司之新興性質使然，於GEM買賣之證券可能會較於聯交所主板買賣之證券承受較大之市場波動風險，同 時無法保證在GEM買賣之證券會有高流通量之市場。 本報告載有遵照聯交所GEM證券上市規則（「GEM上市規則」）規定而提供有關宏海控股集團有限公司（「本公司」， 連同其附屬公司統稱「本集團」）之資料，本公司之董事（「董事」）願就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，就彼等所深知及確信，(1)本報告所載資料在所有重大方面 ...

Financial Performance - For the nine months ended December 31, 2018, the group's unaudited revenue was HKD 76,957,000, a decrease of approximately 19.3% compared to the same period in 2017[4]. - The profit attributable to owners of the company for the nine months ended December 31, 2018, was approximately HKD 782,000, an improvement from a loss of HKD 4,074,000 in the same period of 2017[4]. - The earnings per share for the nine months ended December 31, 2018, was approximately HKD 0.03, compared to a loss per share of HKD 0.17 in the same period of 2017[4]. - The gross profit for the nine months ended December 31, 2018, was HKD 14,550,000, compared to HKD 11,934,000 for the same period in 2017, indicating a positive trend[6]. - The total comprehensive income for the nine months ended December 31, 2018, was HKD 782,000, a turnaround from a total comprehensive loss of HKD 4,074,000 in the same period of 2017[8]. - The company recorded a profit before tax of HKD 2,461,000 for the nine months ended December 31, 2018, compared to a loss of HKD 4,046,000 in the same period of 2017[17]. - The company reported a net profit of HKD 782,000 for the nine months ended December 31, 2018, compared to a net loss of HKD 4,074,000 for the same period in 2017[25]. Revenue Breakdown - The corporate finance advisory service revenue for the nine months ended December 31, 2018, was HKD 2,099,000, down about 57% from HKD 4,885,000 in the same period of 2017[30]. - The dry bulk shipping service revenue for the nine months ended December 31, 2018, was HKD 74,858,000, a decrease of approximately 17.3% compared to HKD 90,498,000 in the same period of 2017[31]. - For the nine months ended December 31, 2018, the company reported revenue of HKD 76,957,000, a decrease of approximately 19.2% compared to HKD 95,383,000 for the same period in 2017[15]. - The company's total revenue for the three months ended December 31, 2018, was HKD 23,600,000, a decrease of approximately 41.3% from HKD 40,193,000 in the same period of 2017[15]. Expenses and Costs - The administrative and operating expenses for the nine months ended December 31, 2018, were HKD 12,631,000, down from HKD 15,982,000 in the same period of 2017[6]. - The financing costs for the nine months ended December 31, 2018, were zero, compared to HKD 4,301,000 in the same period of 2017, reflecting a significant reduction[6]. - The company’s total expenses for the nine months ended December 31, 2018, included salaries and wages of HKD 8,651,000, down from HKD 12,664,000 in the same period of 2017[20]. - The total employee benefit expenses for the nine months ended December 31, 2018, were approximately HKD 8,835,000, down from HKD 12,855,000 in 2017[38]. Dividend Policy - The company does not recommend the payment of dividends for the nine months ended December 31, 2018[4]. - The company did not recommend any dividend payment for the nine months ended December 31, 2018[23]. Company Overview - The company operates primarily in providing corporate finance advisory services and shipping and logistics businesses in Hong Kong and China[11]. - The company was incorporated in the Cayman Islands and listed on the GEM of the Hong Kong Stock Exchange on October 12, 2011[11]. - The group has no mortgaged assets as of December 31, 2018, consistent with the previous year[37]. Shareholding Structure - Major shareholders include Ms. He Chaoyan with a 16.42% stake and Ms. Wen Yingyi with a 17.79% stake in the company[46]. - As of December 31, 2018, Ms. He Chaoyan holds a total of 635,062,500 shares, representing approximately 25.68% of the company's equity[49]. - Refulgent Sunrise Limited, in which Ms. He owns 36%, holds 229,062,500 shares, accounting for 9.26% of the company's equity[50]. - Zhao Genlong holds 200,000,000 shares, representing 8.09% of the company's equity[50]. Management and Future Outlook - The management remains optimistic about potential opportunities in the corporate finance advisory and shipping and logistics sectors despite global economic uncertainties[39]. - The company plans to strengthen its core business by enhancing technological capabilities, expanding alliance networks, and increasing public awareness[39]. Audit and Compliance - The audit committee, consisting of four independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the nine months ending December 31, 2018[61]. - The company did not purchase, redeem, or sell any of its listed shares during the nine months ending December 31, 2018[54].