Financial Performance - The Group's revenue for the six months ended 30 September 2022 was approximately HK$43,884,000, representing an increase of approximately 133.9% compared to the same period last year[8]. - The gross profit for the same period was approximately HK$2,568,000, an increase of approximately HK$464,000 compared to the previous financial year[8]. - The loss attributable to owners of the Company for the six months ended 30 September 2022 was approximately HK$22,500,000, compared to HK$20,303,000 for the same period in 2021[8]. - The total comprehensive loss for the period was HK$29,968,000, compared to HK$25,574,000 for the same period last year[22]. - Basic and diluted loss per share for the period was HK(1.54) cents, compared to HK(1.39) cents for the same period in 2021[24]. - The loss before tax for the six months ended 30 September 2022 was HK$28,822,000, compared to HK$25,547,000 for the same period in 2021[11]. - The Group recorded a loss of approximately HK$28,822,000 for the six months ended 30 September 2022, compared to a loss of approximately HK$25,547,000 for the same period in 2021, mainly due to losses in the Fintech business and administrative expenses[144]. Expenses - Selling expenses for the six months ended 30 September 2022 were HK$112,000, a decrease from HK$820,000 in the previous year[11]. - Administrative expenses increased to HK$28,489,000 from HK$22,266,000 in the same period last year[11]. - Employee benefits expenses increased to HK$11,046,000 for the six months ended 30 September 2022, up from HK$7,926,000 in the same period of 2021, reflecting a rise of approximately 39.5%[77]. - Other losses decreased from approximately HK$4,931,000 for the six months ended 30 September 2021 to approximately HK$2,740,000 for the six months ended 30 September 2022, with government grants of HK$200,000 recognized related to Covid-19 subsidies[144]. Assets and Liabilities - Total non-current assets decreased from HK$15,930,000 to HK$15,533,000, a decline of 2.5%[28]. - Current assets increased from HK$152,871,000 to HK$163,382,000, representing a growth of 6.6%[28]. - Total current liabilities decreased significantly from HK$93,662,000 to HK$51,262,000, a reduction of 45.2%[28]. - Net current assets improved from HK$59,209,000 to HK$112,120,000, an increase of 89.4%[28]. - Total assets less current liabilities rose from HK$75,139,000 to HK$127,653,000, an increase of 69.9%[30]. - The Group's liabilities totaled HK$104,362,000, with the Fintech Business accounting for HK$30,047,000 of this amount[69]. Cash Flow - The net cash used in operating activities for the six months ended September 30, 2022, was HK$13,230,000, compared to HK$119,000 for the same period in 2021[49]. - Cash and cash equivalents decreased from HK$92,144,000 to HK$76,916,000, a decline of 16.5%[28]. - Net cash used in investing activities was HK$371,000, a significant decrease from HK$7,449,000 in the prior year[49]. - Net cash used in financing activities amounted to HK$481,000, down from HK$1,308,000 in the previous year[49]. Business Segments - The Group's total revenue for the six months ended September 30, 2022, was HK$43,884,000, with external sales from the Gold and Jewellery Business contributing HK$41,793,000[58]. - The segment results showed a profit of HK$298,000 for the Gold and Jewellery Business, while the Lending Business reported a profit of HK$1,004,000, and the Fintech Business incurred a loss of HK$22,782,000, resulting in an overall loss before tax of HK$28,822,000[60]. - Revenue from the Gold and Jewellery Business increased by approximately HK$24,167,000, from approximately HK$17,626,000 for the six months ended 30 September 2021 to approximately HK$41,793,000 for the six months ended 30 September 2022[164]. - The increase in revenue from the Gold and Jewellery Business was mainly attributed to higher wholesale of golden jewellery products in the PRC[164]. Shareholder Information - The Board does not recommend the payment of any interim dividend for the six months ended 30 September 2022[8]. - The total issued and fully paid ordinary shares remained at 1,457,239,000 as of both September 30, 2022, and March 31, 2022[115]. - The current share option scheme, effective for 10 years from September 10, 2021, replaced the previous scheme that expired in August 2021[187]. - The nominal subscription price for shares under the new scheme is determined by the Board and cannot be less than the highest of the closing price on the Offer Date or the average closing price for the preceding five business days[187]. Strategic Plans - The Group intends to expand its sales channels for the secondary gold sales agency business by identifying more jewellery wholesaler customers in South China[163]. - The Group aims to strengthen its gold and jewelry business by seeking more wholesale customers in Southern China and increasing sales to high-end corporate clients[168]. - The Group plans to focus on expanding its user base and improving service quality in its fintech business, which was initiated in 2019[170][174]. - The Group will periodically review market conditions and profitability, adjusting business volume and resource allocation accordingly[173][176].

Financial Performance - The Group's revenue for the three months ended June 30, 2022, amounted to approximately HK$19,061,000, representing an increase of approximately 244% compared to the same period in the previous financial year[10]. - The Group's gross profit for the same period was approximately HK$1,364,000, increasing by approximately HK$492,000 compared to the previous financial year[10]. - Loss attributable to owners of the Company for the three months ended June 30, 2022, amounted to approximately HK$7,603,000, compared to HK$6,429,000 for the same period in 2021[10]. - Total comprehensive loss for the period was approximately HK$10,903,000, compared to HK$8,399,000 for the same period in 2021[15]. - The loss before tax for the period was approximately HK$10,413,000, compared to HK$8,346,000 in the previous year[15]. - Total comprehensive loss for the period attributable to owners of the Company was HK$8,093,000, compared to HK$6,482,000 in the previous period, representing an increase of 24.9%[18]. - Loss per share for the period was HK$0.52, compared to HK$0.44 in the previous period, indicating a decline in performance[18]. - The Group reported a loss before tax of HK$10,413,000, reflecting the challenges faced during the period[32]. - The Group's financial performance reflects ongoing challenges, with a focus on cost management and potential market expansion strategies[35]. Revenue Breakdown - Revenue from external sales for the Gold and Jewellery Business was HK$17,935,000, while the Lending Business generated HK$647,000 and the Fintech Business contributed HK$479,000, totaling HK$19,061,000[32]. - The increase in revenue was mainly attributable to the growth in the Group's Jewellery Business and wholesale of golden jewellery products in the PRC during the review period[116][119]. - The revenue from the Gold and Jewellery Business increased by approximately HK$12,774,000, from approximately HK$5,161,000 for the three months ended June 30, 2021, to approximately HK$17,935,000 for the three months ended June 30, 2022[130]. - The increase in revenue was mainly due to the rise in wholesale of golden jewellery products in the PRC[131]. Expenses - Administrative expenses for the three months ended June 30, 2022, were approximately HK$11,421,000, compared to HK$9,094,000 in the previous year[15]. - Selling expenses for the same period were approximately HK$36,000, a decrease from HK$406,000 in the previous year[15]. - Unallocated expenses for the period amounted to HK$8,346,000, contributing to the overall loss before tax[32]. - Cost of sales increased from approximately HK$4,659,000 for the three months ended June 30, 2021, to approximately HK$17,697,000 for the three months ended June 30, 2022, aligning with the increase in sales[117][120]. - The overall gross profit margin decreased from approximately 15.8% for the three months ended June 30, 2021, to 7.2% for the three months ended June 30, 2022, due to the lower margin of the Jewellery Business[117][120]. Dividends and Shareholder Information - The Board does not recommend the payment of an interim dividend for the three months ended June 30, 2022[10]. - As of June 30, 2022, Mr. Zhang Chunhua holds 834,851,294 shares through a controlled corporation, representing 57.29% of the company's issued share capital[141]. - Mr. Zhang Chunhua also has a personal interest in 57,098,000 shares, accounting for 3.92% of the company's issued share capital[141]. - The total number of shares in issue as of June 30, 2022, was 1,457,238,414[143]. Taxation - No provision for Hong Kong profits tax was made as the Group did not generate any assessable profits arising in Hong Kong for the three months ended June 30, 2022[36]. - The tax rate for PRC subsidiaries is 25%, and no provision for PRC Enterprise Income Tax was made as the Group has no assessable profits arising in the PRC[36]. - The subsidiary established in Kazakhstan is subject to a corporate income tax rate of 20% on taxable income, with an exemption until January 1, 2066, for income from financial services provided in the Astana International Financial Centre[36]. Corporate Governance - The company has established three board committees: the Remuneration Committee, the Nomination Committee, and the Audit Committee to oversee specific aspects of its affairs[175]. - The Audit Committee, comprising three independent non-executive Directors, is responsible for reviewing the Group's financial reporting system and risk management procedures[177]. - The company has complied with all provisions of the Corporate Governance Code as per the GEM Listing Rules[176]. - The company has adopted a code of conduct regarding securities transactions by Directors, ensuring compliance with GEM Listing Rules[170]. Future Outlook and Strategy - Future outlook remains cautious, with management emphasizing the need for strategic adjustments in response to market conditions[35]. - The Group continues to evaluate opportunities for market expansion and potential acquisitions to enhance its competitive position[35]. - The Group plans to strengthen the development of its fintech business, increase user base, and improve service quality and performance[136]. - The Group will closely monitor market conditions and consider further expansion in the lending business[132]. - The company aims to reassess existing business opportunities to reallocate resources more effectively[138].

Financial Performance - The Group's revenue for the three months ended June 30, 2022, amounted to approximately HK$19,061,000, representing an increase of approximately 244% compared to the same period in the previous financial year[8]. - The Group's gross profit for the same period was approximately HK$1,364,000, increasing by approximately HK$492,000 compared to the previous year[8]. - Loss attributable to owners of the Company for the three months ended June 30, 2022, amounted to approximately HK$7,603,000, compared to HK$6,429,000 for the same period in 2021[8]. - Total comprehensive loss for the period was approximately HK$10,903,000, compared to HK$8,399,000 for the same period in the previous year[16]. - Basic and diluted loss per share for the period was HK(0.52), compared to HK(0.44) for the same period in 2021[16]. - The Group reported a loss before tax of approximately HK$10,413,000 for the three months ended June 30, 2022, compared to HK$8,346,000 in the previous year[13]. - The Group recorded a loss of approximately HK$10,413,000 for the three months ended June 30, 2022, compared to a loss of approximately HK$8,346,000 for the same period in 2021[120]. - The Group reported an unaudited consolidated loss of approximately HK$7,603,000 for the three months ended 30 June 2022, compared to a loss of HK$6,429,000 for the same period in 2021, indicating an increase in loss of approximately 18.3%[5]. Revenue Breakdown - The Group's revenue for the period was HK$19,061,000, with external sales from the Gold and Jewellery Business contributing HK$17,935,000, the Lending Business contributing HK$647,000, and the Fintech Business contributing HK$479,000[30]. - Revenue from the Gold and Jewellery Business increased by approximately HK$12,774,000, from approximately HK$5,161,000 for the three months ended 30 June 2021 to approximately HK$17,935,000 for the three months ended 30 June 2022, primarily due to increased wholesale of golden jewellery products in the PRC[128]. - The segment results indicated that the Gold and Jewellery Business generated a profit of HK$93,000, while the Lending Business reported a loss of HK$8,346,000, and the Fintech Business had a loss of HK$2,317,000[30]. Expenses - Administrative expenses for the three months ended June 30, 2022, were approximately HK$11,421,000, an increase from HK$9,094,000 in the previous year[13]. - Selling expenses decreased to HK$36,000 from HK$406,000 in the previous year[13]. - Cost of sales increased from approximately HK$4,659,000 for the three months ended June 30, 2021, to approximately HK$17,697,000 for the three months ended June 30, 2022, leading to a decrease in overall gross profit margin from approximately 15.8% to 7.2%[115][118]. Dividends and Equity - The Board does not recommend the payment of an interim dividend for the three months ended June 30, 2022[8]. - Total equity as of June 30, 2022, amounted to approximately HK$64,236,000, down from HK$75,139,000 as of March 31, 2022[120]. - As of June 30, 2022, the Group's total equity was approximately HK$64,236,000, a decrease of about 14% compared to HK$75,139,000 as of March 31, 2022[124]. Cash and Liquidity - Total cash and cash equivalents as of June 30, 2022, were approximately HK$88,243,000, a decrease from HK$92,144,000 as of March 31, 2022, primarily due to operating losses[120]. - The current ratio as of June 30, 2022, was 1.39, compared to 1.63 as of March 31, 2022, while the quick ratio was 1.31, also down from 1.63[124]. - The Group's treasury activities are centralized, and cash is generally placed in deposits with banks to achieve better cost control[120]. Corporate Governance - The company has complied with all provisions of the Corporate Governance Code throughout the review period[169]. - The Audit Committee consists of three independent non-executive Directors, ensuring oversight of financial reporting and risk management[175]. - The Remuneration Committee is responsible for recommending remuneration policies for all Directors and senior management[175]. - The Nomination Committee formulates nomination policies and assesses the independence of independent non-executive Directors[177]. - All Directors confirmed compliance with the required standards of dealings regarding securities transactions during the review period[168]. Share Options and Ownership - As of June 30, 2022, the Company had 1,457,238,414 shares issued[7]. - Mr. Zhang Chunhua held a 57.29% interest in the Company through a controlled corporation, along with a personal interest of 3.92%[139]. - The current share option scheme, effective for 10 years from September 10, 2021, aims to incentivize eligible participants[149]. - The total number of share options granted during the period was 34,700,000, with an exercise price of HK$0.33 per share[159]. - The company had no share options exercised during the reported period[159]. Business Development and Strategy - The Group continued to develop its Gold and Jewellery Business, focusing on wholesale and related ancillary services, with a strategy to identify more jewellery wholesaler customers in South China[126]. - The Group aims to increase sales to high-end corporate customers, which primarily purchase or customize jewellery as corporate gifts or awards[126]. - The Group plans to periodically review the market situation and profitability of its fintech business, adjusting business volume according to market demands[132]. - The Group aims to strengthen the development of its fintech business, increase user base, and improve service quality and performance in the future[134]. - The Group will consider further expansion in the lending business while closely monitoring market conditions and the external economic environment[130].

Financial Performance - China Brilliant Global Limited reported a significant increase in revenue, achieving a total of HKD 150 million for the fiscal year, representing a 25% growth compared to the previous year[9]. - The Group's revenue for the year ended 31 March 2022 amounted to approximately HK$77,806,000, representing an increase of about 31.8% from approximately HK$59,038,000 for the year ended 31 March 2021[10]. - The Group's revenue for the year ended 31 March 2022 was HK$77,806,000, a decrease of 31.5% from HK$100,560,000 in 2021[64]. - The Group reported a loss before tax of HK$46,154,000 for the year, compared to a loss of HK$38,277,000 in the previous year[64]. - The Group's loss attributable to equity holders for the year was HK$46,154,000, compared to a loss of HK$39,144,000 in 2021[64]. - The Group recorded a net loss of approximately HK$46,154,000 for the year ended 31 March 2022, compared to a loss of approximately HK$39,144,000 for the year ended 31 March 2021[16]. User and Market Expansion - The company’s user base expanded to 1.2 million active users, marking a 30% increase year-over-year[9]. - Future outlook indicates a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[9]. - Market expansion efforts include entering two new regions, which are expected to contribute an additional HKD 5 million in revenue[9]. - The company plans to launch three new products in the upcoming quarter, targeting a 15% increase in market share[9]. - The Group plans to identify more jewellery wholesaler customers in South China to expand sales channels for its secondary gold sales agency business[36]. Cost Management and Profitability - Gross profit margin improved to 40%, up from 35% in the previous year, reflecting better cost management[9]. - Operating expenses were reduced by 15%, resulting in an increase in net profit to HKD 30 million, a 50% increase from last year[9]. - Cost of sales increased from approximately HK$54,080,000 for the year ended 31 March 2021 to approximately HK$72,786,000 for the year ended 31 March 2022, representing an increase of approximately 34.6%[14]. - The overall gross profit margin decreased from approximately 8% to 6% in the current year due to the significant contribution of lower margin wholesale gold jewelry[14]. - Selling expenses decreased from approximately HK$1,347,000 for the year ended 31 March 2021 to approximately HK$517,000 for the year ended 31 March 2022[14]. Strategic Investments and Acquisitions - The company has completed a strategic acquisition of a smaller tech firm for HKD 20 million, which is anticipated to enhance its product offerings[9]. - The company is investing HKD 10 million in research and development for new technologies aimed at enhancing user experience[9]. - The Group allocated approximately HK$23.7 million for the expansion of its gold and jewellery business, fully utilized by March 31, 2022[26]. - Approximately HK$40 million was allocated for the development of the fintech business, which was also fully utilized by March 31, 2022[26]. Governance and Management - The company has appointed independent non-executive directors with extensive backgrounds in finance and management, enhancing governance and oversight[46][48][50]. - The Audit Committee is chaired by Ms. Chan, ensuring rigorous financial oversight and compliance[46]. - The Company is committed to high standards of corporate governance to protect the interests of all shareholders[119]. - The Board comprises three executive Directors and three independent non-executive Directors as of March 31, 2022[123]. - The Company has adopted a new share option scheme effective for 10 years starting from September 10, 2021, to incentivize eligible participants[80]. Financial Position and Equity - Total equity decreased by approximately HK$8,341,000 to approximately HK$75,139,000 as at 31 March 2022, down from HK$83,480,000 as at 31 March 2021[17]. - Total cash and cash equivalents amounted to approximately HK$92,144,000 as at 31 March 2022, a decrease from HK$109,508,000 as at 31 March 2021[17]. - As of March 31, 2022, the company's net assets decreased to HK$75,139,000 from HK$83,480,000 in 2021, representing a decline of approximately 10.1%[66]. - The company's current liabilities increased significantly to HK$93,662,000 in 2022 from HK$9,415,000 in 2021, indicating a substantial rise[66]. ESG and Sustainability - The Group is committed to long-term sustainability and has implemented measures such as recycling and using eco-friendly stationery to reduce waste and improve resource efficiency[72]. - The Group's ESG report covers policies, measures, and performance for the period from April 1, 2021, to March 31, 2022[185]. - Climate change is recognized as a significant risk, potentially leading to increased extreme weather events affecting employee safety and operations[197]. - The Group emphasizes anti-corruption and compliance operations as critical components of its governance strategy[199]. - Stakeholder feedback is crucial for improving sustainable development policies and measures, with communication channels established for regular engagement[188].

Financial Performance - Revenue for the nine months ended December 31, 2021, was approximately HK$38,396,000, representing a decrease of approximately 16.8% compared to the same period in the previous financial year[7]. - Gross profit for the same period was approximately HK$2,706,000, a decrease of approximately HK$583,000 from the previous year[7]. - Loss attributable to owners of the Company for the nine months ended December 31, 2021, amounted to approximately HK$29,373,000, compared to HK$11,336,000 for the same period in 2020[7]. - Loss before tax for the nine months was HK$37,792,000, significantly higher than the loss of HK$8,114,000 in the previous year[11]. - The Company reported a loss for the period of HK$37,792,000, compared to HK$14,741,000 in the same period of the previous year[15]. - The basic and diluted loss per share for the nine months ended December 31, 2021, was HK(2.02) cents, compared to HK(0.78) cents for the same period in 2020, indicating an increase in losses[16]. - The total comprehensive loss for the period was HK(29,373) thousand, which includes losses from foreign currency translation[21]. - As of December 31, 2021, the accumulated losses stood at HK(680,975) thousand, highlighting the financial challenges faced by the company[21]. Expenses and Costs - Selling expenses increased to HK$1,145,000 from HK$917,000 year-on-year[11]. - Administrative expenses rose sharply to HK$34,344,000 from HK$13,125,000 compared to the previous year[11]. - Other gains and losses resulted in a net loss of HK$5,365,000, contrasting with a gain of HK$900,000 in the previous year[11]. - The Group's unallocated expenses amounted to HK$14,187,000, reflecting an increase in operational costs[53]. - Selling, administrative, and finance costs amounted to HK$1,886,000, leading to a loss before tax of HK$1,785,000[69]. Equity and Cash Position - The company reported a total equity of HK$145,724 thousand as of December 31, 2021, compared to HK$145,245 thousand at the beginning of the period[21]. - Total equity as of 31 December 2021 amounted to approximately HK$80,864,000, a decrease of approximately 3.1% from HK$83,480,000 as of 31 March 2021[84]. - Total cash and cash equivalents as of 31 December 2021 were approximately HK$75,076,000, down from HK$109,508,000 as of 31 March 2021[84]. - The current ratio as of 31 December 2021 was 1.58, significantly lower than 16.41 as of 31 March 2021[84]. Business Operations - The Group's principal activities include trading and retailing of gold and jewellery, money lending, and fintech business[27]. - The Group's revenue is derived from three operating segments: Gold and Jewellery Business, Lending Business, and Fintech Business[45]. - The Group intends to focus on mid-end retail products supplemented by low-end products while increasing sales to high-end corporate customers[94]. - The Lending Business recorded outstanding loan receivables amounting to HK$34,163,000 as of December 31, 2021, contributing to the Group's interest income[99]. - The Group's Fintech Business, initiated in 2019, is still in the development stage, resulting in no revenue and a loss during the review period[101]. Strategic Initiatives - The company is focusing on improving its operational efficiency and exploring potential market expansion opportunities[21]. - The company is considering strategic options for potential acquisitions to enhance its market position[21]. - The Group plans to identify more jewellery wholesaler customers in South China to expand its sales channels[94]. - The Group plans to periodically review market conditions and profitability to adjust business volume and resource allocation accordingly[101]. - The Group aims to strengthen its fintech business by increasing the user base and improving service quality and performance in the future[103]. Share Capital and Options - The Company has a total of 1,457,238,414 shares issued as of December 31, 2021[8]. - The 2021 share option scheme allows for a maximum of 30% of the relevant class of shares to be allotted upon exercise of options granted[114]. - The nominal consideration for accepting an option under the 2021 scheme is HK$1.00[111]. - As of December 31, 2021, the company had outstanding options to subscribe for up to 106,860,000 shares under the 2011 Scheme[130]. - The total number of share options exercised during the period was zero[128]. Governance and Compliance - The company has complied with all provisions of the Corporate Governance Code throughout the review period[139]. - The Audit Committee consists of three independent non-executive Directors and has reviewed the financial report[145]. - The company has adopted a code of conduct for securities transactions by Directors, ensuring compliance with GEM Listing Rules[138]. - The Board has established three committees: Remuneration, Nomination, and Audit, to oversee specific aspects of the company's affairs[145].

Financial Performance - The Group's revenue for the six months ended 30 September 2021 was approximately HK$18,763,000, representing a decrease of approximately 44.4% compared to the same period in the previous financial year[7]. - The Group's gross profit for the same period was approximately HK$2,104,000, a decrease of approximately HK$80,000 compared to the previous financial year[7]. - Loss attributable to owners of the Company for the six months ended 30 September 2021 amounted to approximately HK$20,303,000, compared to HK$8,314,000 for the same period in 2020[7]. - The loss before tax for the six months ended 30 September 2021 was HK$25,547,000, compared to HK$8,836,000 for the same period in 2020[10]. - Total comprehensive loss for the period was HK$25,574,000, compared to HK$10,340,000 for the same period in 2020[12]. - Basic and diluted loss per share from continuing and discontinued operations was HK(1.39) cents for the six months ended 30 September 2021, compared to HK(0.57) cents for the same period in 2020[13]. - The total comprehensive loss for the period attributable to owners of the Company was HK$20,330,000, compared to HK$8,033,000 in the same period last year, representing an increase of 153.5%[14]. - The loss for the period attributable to owners of the Company was HK$20,303,000, compared to HK$8,314,000 in the previous year, indicating a year-over-year increase of 144.5%[14]. - Loss per share from continuing operations was HK(1.39) cents, compared to HK(0.45) cents in the same period last year, reflecting a decline of 208.9%[16]. Expenses - Selling expenses for the six months ended 30 September 2021 were HK$820,000, an increase from HK$588,000 in the previous year[10]. - Administrative expenses increased to HK$22,266,000 for the six months ended 30 September 2021, compared to HK$12,090,000 for the same period in 2020[10]. - Other gains and losses, net for the period were a loss of HK$4,931,000, compared to a gain of HK$839,000 in the previous year[10]. Assets and Liabilities - Total non-current assets increased to HK$10,496,000 from HK$8,944,000, marking a growth of 17.4%[19]. - Current assets totaled HK$154,643,000, slightly up from HK$154,466,000, indicating a marginal increase of 0.1%[19]. - Total current liabilities rose significantly to HK$107,233,000 from HK$9,415,000, representing a substantial increase of 1,137.5%[19]. - Net assets decreased to HK$57,906,000 from HK$83,480,000, a decline of 30.6%[21]. - The equity attributable to owners of the Company was HK$40,859,000, down from HK$61,189,000, reflecting a decrease of 33.3%[21]. - Cash and cash equivalents decreased to HK$100,605,000 from HK$109,508,000, a decline of 8.2%[19]. - Non-controlling interests decreased to HK$17,047,000 from HK$22,291,000, indicating a reduction of 23.5%[21]. Cash Flow - For the six months ended 30 September 2021, the net cash used in operating activities was HK$119, compared to HK$10,291 for the same period in 2020, indicating a significant improvement[30]. - The net cash outflow from the disposal of subsidiaries was HK$1,002 in 2020, while there was no such outflow reported for 2021[30]. - The company incurred HK$7,389 in purchases of intangible assets during the six months ended 30 September 2021, with no such purchases in the previous year[30]. - The company reported a net decrease in cash and cash equivalents of HK$8,876 for the six months ended 30 September 2021, compared to HK$12,756 in the previous year[36]. Business Segments - The Group's revenue from the Fintech Business was reported as zero, indicating a need for further development or market penetration in this segment[55]. - The segment results showed a profit of HK$1,006,000 from the Gold and Jewellery Business, while the Lending Business incurred a loss of HK$4,714,000, resulting in a total segment loss of HK$3,708,000[56]. - The Lending Business continued to grow during the period under review, with nine major outstanding loan receivables amounting to HK$39,312,000 as of 30 September 2021[155]. - The Group's Fintech Business, which commenced in 2019, is still in the development stage and has not generated revenue, resulting in a loss for this segment[159]. Share Capital and Options - The total number of shares in issue as of September 30, 2021, is 1,457,238,414[166]. - The company has a share option scheme that provides incentives to eligible participants contributing to the group's success[169]. - The maximum number of shares that may be allotted upon exercise of options under the 2011 Scheme is equivalent to 10% of the shares in issue as of the 2016 AGM[174]. - The total number of share options granted to employees of the group was 15,460,000, with an exercise price of HK$0.59 per share[185]. Corporate Governance - The company has complied with all provisions of the Corporate Governance Code throughout the review period[194]. - The Board has established three committees: Remuneration Committee, Nomination Committee, and Audit Committee[198]. - The Audit Committee was established on March 7, 2000, and is responsible for reviewing the Group's financial reporting system and risk management procedures[200].

Financial Performance - Revenue for the three months ended June 30, 2021, was approximately HK$5,531,000, representing a decrease of approximately 77% compared to the same period in the previous financial year[9]. - Gross profit for the same period was approximately HK$872,000, decreasing by approximately HK$265,000 compared to the previous year[9]. - Loss attributable to owners of the Company for the three months ended June 30, 2021, amounted to approximately HK$6,429,000, compared to a loss of HK$5,334,000 for the same period in 2020[9]. - Total comprehensive loss for the period was HK$8,399,000, compared to HK$6,038,000 in the previous year[16]. - The Group reported a loss before tax of HK$8,346,000 for the period[32]. - The unaudited consolidated loss for the three months ended 30 June 2021 attributable to owners of the Company was approximately HK$6,429,000, compared to HK$5,334,000 for the same period in 2020, indicating an increase in loss of approximately 20.6%[6]. - The basic loss per share from continuing operations for the three months ended 30 June 2021 was calculated based on an unaudited loss of approximately HK$6,429,000, compared to HK$3,481,000 for the same period in 2020, reflecting an increase of approximately 84.5%[6]. - The basic loss per share from discontinued operations for the three months ended 30 June 2021 was approximately HK$nil, compared to HK$1,853,000 for the same period in 2020, showing a significant reduction in loss[6]. Revenue Breakdown - The Group's revenue for the three months ended June 30, 2021, was HK$5,531,000, with external sales from the Gold and Jewellery Business contributing HK$5,161,000[28]. - For comparison, the revenue for the three months ended June 30, 2020, was HK$24,067,000, with external sales from the Gold and Jewellery Business at HK$23,897,000[35]. - The revenue from the Gold and Jewellery Business decreased by approximately HK$18,736,000 from approximately HK$23,897,000 for the three months ended June 30, 2020, to approximately HK$5,161,000 for the three months ended June 30, 2021[104]. Expenses - Selling expenses for the three months ended June 30, 2021, were HK$406,000, compared to HK$500,000 in the previous year[13]. - Administrative expenses increased to HK$9,094,000 from HK$5,513,000 in the previous year[13]. - Other income for the period was HK$136,000, down from HK$457,000 in the previous year[13]. - The segment results showed a profit of HK$162,000 from the Gold and Jewellery Business, a profit of HK$360,000 from the Lending Business, and a loss of HK$6,068,000 from the Fintech Business, resulting in an overall segment loss of HK$5,546,000[30]. Dividends and Equity - The Board does not recommend the payment of an interim dividend for the three months ended June 30, 2021[9]. - As of June 30, 2021, total equity amounted to approximately HK$75,081,000, down from HK$83,480,000 as of March 31, 2021[88]. - The Group's total equity amounted to approximately HK$75,081,000, representing a decrease of approximately 10% compared to HK$83,480,000 as of March 31, 2021[100]. Cash and Liquidity - Total cash and cash equivalents as of June 30, 2021, amounted to approximately HK$85,647,000, a decrease from HK$109,508,000 as of March 31, 2021[88]. - The current ratio as of June 30, 2021, was 9.13, compared to 16.41 as of March 31, 2021[100]. Business Operations - The Group's principal activities include trading and retailing of gold and jewellery, money lending, and fintech business[22]. - The Group's lending business in Hong Kong continued to grow, with outstanding loan receivables amounting to HK$40,436,000 as of June 30, 2021[105]. - The fintech business, initiated in 2019, has not generated revenue yet and incurred losses during the review period[108]. - The Group plans to strengthen the development of its fintech business, aiming to increase the user base and improve service quality and performance[115]. Corporate Governance - The company complied with all provisions of the Corporate Governance Code throughout the review period[149]. - The Company has established three committees: Remuneration Committee, Nomination Committee, and Audit Committee to oversee specific aspects of its affairs[153]. - The Audit Committee, formed on March 7, 2000, is responsible for reviewing the Group's financial reporting system, risk management, and internal control procedures[155]. Share Options and Ownership - As of June 30, 2021, Mr. Zhang Chunhua holds 834,851,294 shares, representing 57.29% of the company's issued share capital, and has a personal interest in an additional 57,098,000 shares, accounting for 3.92%[119]. - The total number of shares in the company issued as of June 30, 2021, is 1,457,238,414[122]. - The company has a share option scheme in place to provide incentives and rewards to eligible participants contributing to the group's success[125]. - The total number of share options exercised during the period was zero, indicating no options were exercised in the first quarter of 2021[137].

Financial Performance - The company reported a consolidated profit of $X million for the fiscal year, representing a Y% increase compared to the previous year[9]. - The Group's revenue for the year ended 31 March 2021 amounted to approximately HK$59,038,000, representing a decrease of approximately 41% from approximately HK$100,560,000 for the year ended 31 March 2020[10]. - The loss before tax for the year was HK$38,277,000, compared to a loss of HK$35,033,000 in the prior year, indicating a worsening of 6.4%[74]. - The Group recorded a loss of approximately HK$39,144,000 for the year ended 31 March 2021, compared to a loss of approximately HK$38,111,000 for the year ended 31 March 2020[22]. - The total equity of the Group as of 31 March 2021 was HK$83,480,000, down from HK$88,552,000 in 2020, reflecting a decrease of 5.1%[78]. Revenue and Growth Strategies - User data showed an increase in active users by Z%, reaching a total of A million users[9]. - The company provided a forward guidance of revenue growth between B% to C% for the next fiscal year[9]. - New product launches are expected to contribute an additional D million in revenue, with a focus on innovative technology[9]. - The company is planning to expand its market presence in regions E and F, targeting a market share increase of G%[9]. - Recent acquisitions are projected to enhance operational efficiency and are expected to generate an additional H million in annual revenue[9]. Operational Efficiency and Cost Management - The cost of sales decreased from approximately HK$96,385,000 for the year ended 31 March 2020 to approximately HK$54,080,000 for the year ended 31 March 2021, representing a decrease of approximately 44%[18]. - The overall gross profit margin increased from approximately 4% to 8% in the current year[18]. - The Group's selling expenses decreased from approximately HK$2,444,000 for the year ended 31 March 2020 to approximately HK$1,347,000 for the year ended 31 March 2021[18]. - Administrative expenses increased by approximately HK$16,028,000 from HK$19,080,000 for the year ended 31 March 2020 to HK$35,108,000 for the year ended 31 March 2021, mainly due to increased staff costs and legal fees in the fintech business[20]. Cash Flow and Liquidity - The company reported a cash flow increase of K million, improving liquidity for future investments[9]. - Total cash and cash equivalents amounted to approximately HK$109,508,000 as of 31 March 2021, an increase from HK$55,973,000 as of 31 March 2020, mainly due to the issuance of promissory notes and subscription of new shares[24]. - The current ratio as of March 31, 2021, was 16.41, up from 10.82 as of March 31, 2020, while the quick ratio was 15.99, up from 9.79[36]. Strategic Initiatives and Future Plans - The management highlighted a strategic shift towards digital transformation, aiming for a J% increase in online sales[9]. - The Group aims to strengthen the development of its fintech business, increase user base, and improve service quality and performance[13]. - The Group plans to re-allocate resources for more fruitful opportunities in its existing businesses[13]. - The Group expects AIFC to play an important role in the "Belt and Road" region, especially in trade and supply chain financing[10]. Shareholder and Corporate Governance - The Company has a share option scheme in place, approved on August 5, 2011, to incentivize eligible participants contributing to the Group's success[93]. - The Board is authorized by shareholders to fix directors' remuneration based on their duties, responsibilities, performance, and market conditions[93]. - The Company has complied with the disclosure requirements in accordance with Chapter 20 of the GEM Listing Rules during the year under review[93]. - The Audit Committee reviewed the Group's audited financial statements for the year ended 31 March 2021, ensuring compliance with applicable accounting standards and GEM Listing Rules[122]. Environmental, Social, and Governance (ESG) Initiatives - The Group's Environmental, Social and Governance (ESG) Report covers the period from April 1, 2020, to March 31, 2021, focusing on the jewellery retailing business[182]. - The report is prepared in accordance with the ESG Reporting Guide based on four principles: materiality, quantification, balance, and consistency[184]. - The Group encourages employees to minimize paper use and adopt a paperless office approach, emphasizing double-sided printing and reusing paper[193]. - The Group has not violated any environmental laws or regulations during the reporting period, nor has it faced any complaints, penalties, or sanctions[190]. Human Resources and Employee Welfare - Total staff costs for the year ended March 31, 2021, increased to approximately HK$17.60 million, up from HK$7.35 million in 2020, mainly due to increased costs in the fintech business[41]. - Employees are entitled to various benefits, including medical insurance, sick leave, maternity leave, and paid annual leave, enhancing overall employee welfare[199]. - The Group strictly prohibits the recruitment of child labor or forced labor, ensuring compliance with relevant laws and regulations during the recruitment process[199].

Financial Performance - The Group's revenue for the nine months ended 31 December 2020 was approximately HK$46,152,000, representing a decrease of approximately 43.6% compared to the same period in the previous financial year[5]. - The Group's gross profit for the nine months ended 31 December 2020 was approximately HK$3,289,000, a decrease of approximately HK$542,000 compared to the same period last year[5]. - Loss attributable to owners of the Company for the nine months ended 31 December 2020 amounted to approximately HK$11,336,000, compared to HK$10,959,000 for the same period in 2019[5]. - The Group's loss before tax for the nine months ended 31 December 2020 was HK$8,114,000, an improvement from HK$9,357,000 in the previous year[7]. - Total comprehensive expenses for the period amounted to HK$13,894,000, compared to HK$10,965,000 for the same period last year[26]. - The Group's other income and gains for the nine months ended 31 December 2020 were approximately HK$900,000, compared to HK$206,000 in the previous year[7]. - The Group reported a loss for the period from continuing operations of HK$8,114,000, compared to HK$9,357,000 in the previous year[11]. - Total comprehensive loss for the nine months ended December 31, 2020, was HK$13,894,000, compared to HK$10,965,000 for the same period in 2019, representing an increase of 26.5%[28]. - Basic and diluted loss per share from continuing operations for the nine months ended December 31, 2020, was HK(0.47), compared to HK(0.65) for the same period in 2019, indicating an improvement of 27.7%[28]. - Basic and diluted loss per share from discontinued operations for the three months ended December 31, 2020, was HK(0.19), compared to HK(0.04) for the same period in 2019, reflecting a decline of 375%[28]. - The company reported a total comprehensive loss for the three months ended December 31, 2020, of HK$3,554,000, compared to HK$3,565,000 in the same period of 2019, showing a slight decrease of 0.3%[28]. - The company recorded a loss for the period of HK$11,338,000 for the nine months ended December 31, 2020, compared to a loss of HK$10,965,000 for the same period in 2019, an increase of 3.4%[31]. - The total comprehensive loss for the period was HK$13,245,000 for the nine months ended December 31, 2020, compared to HK$10,965,000 for the same period in 2019, indicating an increase of 20.8%[31]. Expenses and Costs - Selling expenses decreased to HK$917,000 for the nine months ended 31 December 2020, down from HK$2,045,000 in the previous year[7]. - Administrative expenses increased to HK$13,125,000 for the nine months ended 31 December 2020, compared to HK$11,591,000 in the previous year[7]. - The cost of sales for the nine months ended 31 December 2020 amounted to approximately HK$42,863,000, down from HK$77,967,000 in the previous year, reflecting a similar decrease in sales[74]. - Other income rose from approximately HK$206,000 for the nine months ended 31 December 2019 to approximately HK$900,000 for the same period in 2020, an increase of approximately 338%[74]. Dividends and Share Capital - The Board does not recommend the payment of any dividend for the nine months ended 31 December 2020[5]. - The company had a share capital of HK$145,245,000 as of December 31, 2020, which remained stable compared to HK$145,096,000 at the same time in 2019[31]. - The statutory account reserve fund remained unchanged at HK$1,000,000 for both periods[31]. Business Segments - The Group's operating activities are divided into two segments: Gold and Jewellery Business and Lending Business[41]. - For the nine months ended December 31, 2020, external sales from the Gold and Jewellery Business were HK$45,487,000, while the Lending Business generated HK$665,000, totaling HK$46,152,000 in revenue[47]. - The segment profit for the Gold and Jewellery Business was HK$1,509,000, whereas the Lending Business reported a loss of HK$3,287,000, resulting in an overall segment loss of HK$1,778,000[47]. - The revenue from the Gold and Jewellery Business decreased by approximately HK$35,791,000 from approximately HK$81,278,000 for the nine months ended 31 December 2019 to approximately HK$45,487,000 for the nine months ended 31 December 2020[93]. - The Group's Lending Business continued to grow during the period under review, with four major outstanding loan receivables amounting to HK$15,880,000 as at 31 December 2020[95]. Corporate Governance - The company has complied with all provisions of the Corporate Governance Code throughout the review period[169]. - The Board has established three committees: the Remuneration Committee, the Nomination Committee, and the Audit Committee[170]. - The Audit Committee, comprising three independent non-executive Directors, is responsible for reviewing the Group's financial reporting system and risk management procedures[175]. - The Remuneration Committee, established on June 17, 2005, includes two independent non-executive Directors and one executive Director, focusing on remuneration policies for Directors and senior management[175]. - The Nomination Committee, formed on March 29, 2012, is tasked with formulating nomination policies and assessing the independence of independent non-executive Directors[177]. - The company’s governance structure includes clear written terms of reference for each committee, ensuring accountability and transparency[173][177]. Share Options and Holdings - The company granted a total of 13,800,000 share options to Mr. Zhang Chunhua, Ms. Zhang Chunping, and Ms. Chung Elizabeth Ching Yee, with an exercise price of HK$0.58 per share, valid from June 27, 2019, to June 26, 2028[122]. - A total of 150,000 share options were granted to Mr. Kwan Chi Hong at an exercise price of HK$0.59 per share, valid from June 27, 2019, to June 26, 2028[124]. - The total number of share options granted in aggregate amounts to 17,160,000, with an exercise price of HK$0.58 per share, valid from June 27, 2019, to June 26, 2028[124]. - As of December 31, 2020, the company had outstanding options to subscribe for up to 112,110,000 shares under the 2011 Scheme[157]. - The largest shareholder, Brilliant Chapter Limited, holds 834,851,294 shares, representing 57.48% of the company's issued share capital[163]. - Mr. Zhang Chunhua holds 834,851,294 shares, representing 57.48% of the company's issued share capital[112].

Financial Performance - The Group's revenue for the six months ended 30 September 2020 was approximately HK$33,719,000, representing a decrease of approximately 26.3% compared to the same period of the previous financial year[8]. - The Group's gross profit for the same period was approximately HK$2,184,000, a decrease of approximately HK$348,000 compared to the previous year[8]. - Loss attributable to owners of the Company for the six months ended 30 September 2020 amounted to approximately HK$8,314,000, compared to HK$7,395,000 for the same period in 2019[8]. - The loss before tax for the six months ended 30 September 2020 was HK$8,836,000, compared to HK$6,315,000 for the same period in 2019[11]. - Total comprehensive loss for the period was HK$10,340,000, compared to HK$7,400,000 in the previous year[22]. - Basic and diluted loss per share from continuing operations was HK$0.45 cents for the six months ended 30 September 2020, compared to HK$0.36 cents for the same period in 2019, reflecting a 25% increase[35]. - The total unaudited consolidated loss attributable to owners of the Company for the six months ended 30 September 2020 is approximately HK$8,314,000, compared to HK$7,395,000 for the same period in 2019[7]. - The Group reported a loss before tax of HK$1,785,000 for discontinued operations, compared to a loss of HK$1,080,000 in the previous period[95]. Revenue Breakdown - External sales for the Gold and Jewellery Business were HK$45,455,000, while the Lending Business generated HK$269,000, totaling HK$45,724,000 in revenue[77]. - Revenue from the Gold and Jewellery Business decreased by approximately HK$12,106,000 from approximately HK$45,455,000 for the six months ended 30 September 2019 to approximately HK$33,349,000 for the six months ended 30 September 2020[150]. - Revenue from the Pharmaceutical Business decreased from approximately HK$5,462,000 for the six months ended 30 September 2019 to approximately HK$793,000 for the six months ended 30 September 2020, primarily due to reduced demand[156]. Expenses and Costs - Administrative expenses increased to HK$12,090,000 for the six months ended 30 September 2020, compared to HK$8,025,000 in the same period of 2019[11]. - Employee benefits expense increased to HK$5,083,000 from HK$3,188,000 year-on-year[91]. - Selling expenses decreased to HK$588,000 for the six months ended 30 September 2020, down from HK$1,310,000 in the previous year[11]. - Cost of sales decreased from approximately HK$43,192,000 for the six months ended 30 September 2019 to approximately HK$31,535,000 for the six months ended 30 September 2020[132]. Assets and Liabilities - Total non-current assets decreased to HK$5,980,000 as of September 30, 2020, down from HK$6,971,000 as of March 31, 2020, a decline of 14.2%[38]. - Current assets totaled HK$79,848,000 as of September 30, 2020, compared to HK$92,386,000 as of March 31, 2020, indicating a decrease of 13.5%[38]. - Total assets decreased to HK$85,828,000 from HK$99,357,000 as of March 31, 2020[86]. - Total liabilities decreased to HK$7,326,000 from HK$10,805,000 as of March 31, 2020[86]. - Total current liabilities amounted to HK$80,781,000 as of September 30, 2020, down from HK$90,822,000 as of March 31, 2020, a decrease of 11.4%[42]. Cash Flow and Liquidity - Cash and cash equivalents decreased to HK$43,498,000 as of September 30, 2020, from HK$55,973,000 as of March 31, 2020, a decline of 22.4%[38]. - Net cash used in operating activities decreased to HK$10,291,000 from HK$16,777,000 year-over-year, indicating improved cash flow management[52]. - Cash flows from investing activities resulted in a net cash outflow of HK$1,257,000, compared to a net inflow of HK$9,761,000 in the previous year[52]. - The current ratio as of September 30, 2020, was 15.82, up from 10.82 as of March 31, 2020, indicating improved liquidity management[144]. Share Capital and Equity - The share capital as of September 30, 2020, was HK$145,245,000, with a share premium of HK$521,041,000[45]. - Total equity attributable to owners of the Company was HK$78,502,000 as of September 30, 2020, compared to HK$88,552,000 as of March 31, 2020, a decrease of 9.3%[42]. - The Group's total equity as of September 30, 2020, was approximately HK$78,502,000, representing a decrease of approximately 11.3% compared to HK$88,552,000 as of March 31, 2020[144]. Business Operations and Strategy - The Group's principal activities include wholesale and retailing of gold and jewellery, as well as money lending, with operations primarily in the People's Republic of China[62]. - The Group aims to increase sales to high-end corporate customers, who primarily purchase or customize jewellery as corporate gifts or awards[149]. - The Group plans to strengthen its marketing and channel efforts, increase user base, and improve product quality in the future[161]. - The Group will critically review future opportunities in its existing businesses to re-allocate resources more effectively[161]. Share Options and Management - The share option scheme allows eligible participants to subscribe for shares at the highest of the closing price on the offer date or the average closing price for the preceding five trading days[176]. - A total of 13,800,000 share options were granted to Mr. Zhang Chunhua, Ms. Zhang Chunping, and Ms. Chung Elizabeth Ching Yee under the 2011 Scheme, with an exercise price of HK$0.58 per share[184]. - The directors have discretion over the exercise period of the options, which cannot exceed 10 years from the grant date[176].