CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed on GEM are generally small ...

CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given the companies listed on GEM are generally small and m ...

CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given the companies listed on GEM are generally small and m ...

CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given the companies listed on GEM are generally small and m ...

股份代號 Annual Report 年報 2020 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed ...

股份代號 2020 Third Quarterly Report 第三季度業績報告 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given the compani ...

Financial Performance - The Group recorded a turnover of approximately RMB 8,869,000 for the six months ended 30 June 2020, representing a decrease of approximately 89.6% compared to RMB 84,976,000 for the same period in 2019[3]. - Loss attributable to owners of the Company for the six months ended 30 June 2020 amounted to approximately RMB 99,152,000, compared to a profit of approximately RMB 32,493,000 in 2019[3]. - Basic loss per share for the six months ended 30 June 2020 was RMB 5.73 cents, down from earnings per share of RMB 1.88 cents in 2019[3]. - Total comprehensive income for the period attributable to owners of the Company was a loss of RMB 99,342,000, compared to a profit of RMB 33,377,000 in 2019[6]. - Revenue for the three months ended June 30, 2020, was RMB 6,359,000, a decrease of 84.8% compared to RMB 42,001,000 for the same period in 2019[31]. - Revenue for the six months ended June 30, 2020, was RMB 8,869,000, a decrease of 89.6% compared to RMB 84,976,000 for the same period in 2019[31]. - Financial consultation services income for the three months ended June 30, 2020, was RMB 3,264,000, down 72.7% from RMB 11,978,000 in 2019[31]. - Interest income for the three months ended June 30, 2020, was RMB 1,738,000, an increase of 172.5% compared to RMB 637,000 in 2019[31]. - Loss before income tax expense for the three months ended June 30, 2020, was RMB 63,950,000, compared to a gain of RMB 684,000 in 2019[39]. - The company reported a net cash used in operating activities of RMB 8,510,000 for the six months ended June 30, 2020, compared to RMB 74,380,000 for the same period in 2019, indicating a significant improvement[19]. Assets and Liabilities - Cash and cash equivalents as of 30 June 2020 were RMB 7,658,000, down from RMB 16,973,000 as of 31 December 2019[10]. - Loans and accounts receivables as of 30 June 2020 totaled RMB 36,905,000, compared to RMB 53,747,000 as of 31 December 2019[10]. - The Group's non-current assets decreased from RMB 643,819,000 as of 31 December 2019 to RMB 99,443,000 as of 30 June 2020[10]. - As of June 30, 2020, the company's net assets decreased to RMB 657,585,000 from RMB 757,229,000 as of December 31, 2019, representing a decline of approximately 13.2%[12]. - The total current liabilities decreased from RMB 84,012,000 to RMB 74,075,000, a reduction of about 11.8%[12]. - The equity attributable to owners of the company decreased from RMB 745,451,000 to RMB 646,109,000, a decline of approximately 13.3%[12]. - The company's current tax liabilities decreased significantly from RMB 29,676,000 to RMB 22,014,000, a reduction of about 25.9%[12]. - The Group's financial assets at fair value through profit or loss amounted to RMB 544,328,000 as of June 30, 2020, a decrease from RMB 625,431,000 as of December 31, 2019[53][55]. - The Group's loans and accounts receivables include various types of financial receivables, indicating a diversified income stream[56]. - The Group's entrusted loan receivables involve loans arranged through banks or financial institutions, highlighting its operational strategy in the lending market[58]. Operational Challenges and Strategies - The Group faced unprecedented challenges during the review period, including the impact of the China-USA trade war and the COVID-19 outbreak, affecting operations due to travel restrictions and social distancing measures[78]. - The Group is committed to mitigating compliance risks and reducing operating costs through business transformation to maintain stable growth during the industry's downward cycle[79]. - The Group focused on developing pipeline property projects in 2020 to cope with the cyclical downturn of the real estate industry[88]. - The Group continued to optimize costs and strengthen internal controls to improve operational efficiency amid the industry's downward trend[99]. - The Group plans to focus on the development of existing property projects to secure a higher safety margin for business operations[123]. - The Group aims to expand its supply chain factoring and financial consultation services, with customized financial arrangements for target customers[127]. - The Group will enhance its fin-tech capabilities to provide technological services and system services to target customers, aiming to consolidate its market position[128]. - The Group will continue to invest in technological research and development to develop systemic solutions for no-contact services in response to changing consumer habits[129]. Shareholder Information - The Directors and management will continue to monitor foreign exchange exposure and consider utilizing derivatives to hedge against exchange risk when necessary[155]. - As of June 30, 2020, Mr. Zheng Weijing holds an equity interest of RMB 71,240,000, representing approximately 70.53% in Huilian Assets Management Company Limited[173]. - Ming Cheng Investments Limited holds 367,739,567 shares, accounting for approximately 21.24% of the total shares[179]. - Ms. Zhang Chushan, spouse of Mr. Zheng Weijing, has an interest in 408,369,769 shares, which is approximately 23.59% of the total shares[179]. - Sino-Africa Resources Holdings Limited, wholly owned by Mr. Huang Xiguang, holds 255,676,042 shares, representing approximately 14.77%[179]. - Peace Bloom Limited, wholly owned by Mr. Hu Jinxi, has an interest in 145,429,087 shares, which is approximately 8.40% of the total shares[179]. - Upsoar Limited, wholly owned by Ms. Fu Shanping, holds 155,518,650 shares, accounting for approximately 8.98%[179]. - As of June 30, 2020, no directors or chief executives had any interests or short positions in the shares or debentures of the company that required disclosure[174]. Employee and Administrative Expenses - Employee benefit expenses for the six months ended 30 June 2020 were RMB 12,980,000, down from RMB 27,032,000 in 2019[5]. - Total staff costs for the six months ended June 30, 2020, were approximately RMB 13.0 million, down from approximately RMB 27.0 million for the same period in 2019[160]. - The Group had a total of 114 staff as of June 30, 2020, down from 158 as of December 31, 2019[160]. - Administrative and employee benefit expenses decreased by approximately 58.9% to about RMB 24.6 million due to tightened expense control[110]. Investment and Development - The Group's investment in property development projects was significantly impacted by the COVID-19 outbreak, leading to a suspension of construction and sales activities[88]. - As of the report date, most of the Group's pipeline property development projects are located in Shenzhen and Dongguan, cities in the Greater Bay Area, which are expected to generate stable returns[89]. - As of June 30, 2020, the Group held investments in property development projects valued at approximately RMB 509,688,000, constituting over 10% of total financial assets at fair value and over 5% of total assets[138]. - The Group's investments in property development projects are spread across various cities, including Shenzhen, Dongguan, and Kunming, with a focus on the Guangdong-Hong Kong-Macao Greater Bay Area[142].

股份代號 2019 ANNUAL REPORT 年 報 CONTENTS 目錄 2 Corporate Information 公司資料 5 Financial Highlights 財務摘要 6 Chairman's Statement 主席報告書 8 Management Discussion and Analysis 管理層討論與分析 24 Biographical Details of Directors and Senior Management 董事及高級管理層之履歷詳情 29 Corporate Governance Report 企業管治報告 51 Report of the Directors 董事會報告 90 Environmental, Social and Governance Report 環境、社會及管治報告 105 Independent Auditor's Report 獨立核數師報告 115 Consolidated Statement of Profit or Loss and Other Comprehensive Income 綜合損益及其他全面收益表 116 Cons ...

股份代號 2020 第一季度業績報告 FIRST QUARTERLY REPORT CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given the compani ...

股份代號 This report, for which the directors (the "Directors") of Flying Financial Service Holdings Limited (the "Company") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of the Stock Exchange (the "GEM Listing Rules") for the purposes of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief: (i) the in ...