Financial Performance - The group's revenue for the six months ended September 30, 2019, was approximately HKD 337,981,000, a decrease of 38.2% compared to HKD 547,651,000 for the same period in 2018[4] - The group's profit for the period was approximately HKD 9,854,000, down 31.5% from HKD 14,403,000 in 2018[4] - Profit attributable to equity holders of the company was approximately HKD 10,593,000, an increase of 7.7% from HKD 9,836,000 in the previous year[4] - Basic earnings per share for the period was approximately HKD 0.25 cents, compared to HKD 0.28 cents in 2018[4] - The group reported a gross profit of HKD 39,442,000 for the six months, down 19.4% from HKD 49,027,000 in the same period last year[6] - Total comprehensive loss for the period amounted to HKD 64,742,000, compared to a loss of HKD 13,137,000 in 2018[11] - The group reported a net cash inflow from operating activities of HKD 9,897,000 for the six months ended September 30, 2019, a significant improvement from a cash outflow of HKD 206,699,000 in the same period last year[24] - The income tax expense for the six months ended September 30, 2019, was HKD 819,000, compared to HKD 680,000 for the same period in 2018, representing an increase of approximately 20.4%[59] Assets and Liabilities - Non-current assets as of September 30, 2019, were valued at HKD 619,127,000, an increase from HKD 582,817,000 as of March 31, 2019[14] - Current assets totaled HKD 1,027,143,000, a decrease from HKD 1,110,234,000 as of March 31, 2019[14] - As of September 30, 2019, the net current assets amounted to HKD 687,830,000, a decrease from HKD 772,146,000 in the previous year[17] - Total assets less current liabilities were HKD 1,306,957,000, compared to HKD 1,354,963,000 in the prior year, indicating a decline[17] - The total equity attributable to equity holders was reported at HKD 1,227,385,000, a decrease from HKD 1,292,127,000 year-over-year[18] - The group had bank borrowings of approximately HKD 36,264,000 as of September 30, 2019, compared to HKD 28,953,000 as of March 31, 2019, resulting in a debt-to-asset ratio of 2.2%[101] Revenue Breakdown - The supply chain management services generated revenue of HKD 321,456,000, down 37.5% from HKD 515,212,000 in the previous year[43] - The marine fishing business reported revenue of HKD 16,458,000, a decline of 46.8% compared to HKD 30,959,000 in the same period last year[43] - Total other income for the six months ended September 30, 2019, was HKD 4,492,000, down from HKD 13,697,000 in the same period of 2018[45] - The total revenue for the group, including all segments, was HKD 337,984,000 for the six months ended September 30, 2019[43] Expenses and Cost Management - The company reported a significant reduction in administrative expenses to HKD 22,152,000 from HKD 36,389,000 in the previous year[6] - The total employee cost for the period was approximately HKD 6,365,000, a decrease from HKD 6,498,000 in the same period last year[107] - Administrative expenses decreased slightly from HKD 36,400,000 to approximately HKD 22,200,000, influenced by non-recurring exchange losses and impairments[94] Shareholder Information - As of September 30, 2019, major shareholder Liu Yi holds 724,292,000 shares, representing approximately 17.14% of the issued share capital[129] - Wei Qing, a beneficial owner, holds 79,608,000 shares, which is approximately 1.88% of the issued share capital[118] - The company has not repurchased any shares during the reporting period[132] - No stock options have been granted, exercised, canceled, or lapsed since the adoption of the stock option plan[122] Corporate Governance - The company has adopted a code of conduct for directors' securities trading, confirming compliance with GEM listing rules throughout the period[135] - The Audit Committee, established in October 2001, consists of three independent non-executive directors, responsible for reviewing financial reporting and internal controls[138] - The Audit Committee has reviewed the unaudited condensed consolidated financial statements for the period and believes they have been prepared in accordance with applicable accounting standards and GEM Listing Rules[140] Future Outlook and Strategy - The company continues to focus on expanding its seafood supply chain management services and has established strategic partnerships with other supply chain companies[90] - The company plans to expand its fishing operations in Mozambique and Cambodia, which will involve hiring additional staff and increasing business activities[94] - The group will continue to seek investment and business opportunities to expand revenue sources through potential acquisitions[98] Risk Management - The group has implemented strict controls on overdue receivables to minimize credit risk, with management regularly reviewing overdue balances[76] - The group has no foreign exchange contracts or financial derivatives for hedging purposes as of September 30, 2019[102] - The group has no contingent liabilities as of September 30, 2019[105]

Financial Performance - The group's revenue for the three months ended June 30, 2019, was approximately HKD 159,388,000, a decrease of 53.5% compared to HKD 342,384,000 for the same period in 2018[3] - The group's profit for the period was approximately HKD 4,211,000, down 37.4% from HKD 6,738,000 in the previous year[3] - The profit attributable to equity holders of the company was approximately HKD 5,085,000, compared to HKD 7,234,000 in 2018, representing a decline of 29.6%[3] - Basic earnings per share for the period were approximately HKD 0.12 cents, down from HKD 0.22 cents in the same period last year[3] - The total comprehensive income for the period was HKD 6,391,000, compared to HKD 17, indicating a significant decline[5] - The company's net profit attributable to shareholders for the period was approximately HKD 5,085,000, a decrease from HKD 7,234,000 in the same period last year, representing a decline of about 29.6%[29] - Total revenue for the period decreased to approximately HKD 159,388,000, compared to HKD 342,384,000 in the same period last year, indicating a decline of approximately 53.5%[27] - The gross profit for the period was approximately HKD 18,032,000, down from HKD 21,919,000 in the same period last year, reflecting a decrease of about 17.5%[27] Revenue Breakdown - Revenue from supply chain management services was HKD 153,919,000, a decrease of 54.4% from HKD 337,690,000 in 2018[13] - Revenue from marine fishing business increased to HKD 5,429,000, up 54.5% from HKD 3,513,000 in the previous year[13] Expenses and Tax - The group incurred a tax expense of HKD 822,000 for the period, compared to HKD 4,650,000 in the previous year[15] - Administrative expenses decreased slightly from HKD 14,000,000 in the previous year to approximately HKD 12,000,000, as the company plans to expand its operations in Mozambique and Cambodia[29] - The group has a total employee cost of approximately HKD 3,700,000 for the period, compared to approximately HKD 3,300,000 in the previous year, reflecting an increase of about 12.1%[37] Assets and Liabilities - The company’s total assets as of June 30, 2019, were approximately HKD 1,678,091,000, a slight decrease from HKD 1,693,051,000 as of March 31, 2019[30] - The company’s bank borrowings amounted to approximately HKD 37,500,000 as of June 30, 2019, up from HKD 28,953,000 as of March 31, 2019[30] - The group has no contingent liabilities as of June 30, 2019[36] Dividends - The company did not declare any dividends for the period, consistent with the previous year[3] - The company did not recommend any dividend payment for the period, consistent with the previous year[22] Corporate Governance - The company has adopted a set of guidelines for directors' securities trading, ensuring compliance with GEM Listing Rules standards throughout the reporting period[57] - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing and supervising the group's financial reporting procedures and internal controls[59] - The company has implemented the corporate governance code as per GEM Listing Rules, with ongoing reviews of its governance structure for potential adjustments[58] - The roles of the chairman and CEO are currently held by the same individual, Liu Rongsheng, which the board believes provides strong and consistent leadership for long-term business planning[58] - The company has confirmed that its directors and major shareholders do not hold any interests in competing businesses during the reporting period[54] Strategic Initiatives - The company is expanding its seafood supply chain management services and has established strategic partnerships to enhance its operations in import and export trade, logistics, and storage[25] - The group is actively seeking investment and business opportunities to expand revenue sources and enhance shareholder value, particularly in the deep-sea fishing business[34] Employment - As of June 30, 2019, the group employed 160 staff members, an increase from 148 in the previous year, representing an increase of 8.1%[37] Financial Instruments - The group has no foreign exchange contracts or financial derivatives for hedging purposes as of June 30, 2019[31] - The group has no significant foreign exchange risk due to its treasury policy of holding bank deposits primarily in HKD or local currencies[31] - The group has not granted any stock options since the adoption of the stock option plan in October 2011[46] - The group has not made any significant investments, acquisitions, or disposals of subsidiaries during the period[35] - The group has not purchased, redeemed, or sold any of its listed securities during the period[52]

China Ocean Fishing Holdings Limited 中國海洋捕撈控股有限公司 (Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） （Stock Code股份代號：8047） 2018-2019 Annual Report 年 報 China Oce an Fishin g H oldings Limited 中國海洋捕撈控股有限公 司 Annual Report 年報 2018-2019 2018-2019 Annual Report 年 報 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 othe ...

China Ocean Fishing Holdings Limited 中國海洋捕撈控股有限公司 （於百慕達註冊成立之有限公司） （股份代號：8047） 2018-2019 第三季度業績報告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市之公 司帶有較高投資風險。有意投資者應了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。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於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之內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示概不就因本報告全部或任何部份內容而產生或因依賴該等內容而引 致之任何損失承擔任何責任。 本報告所載資料包括遵照GEM證券上市規則（「GEM上市規則」）規定，須提供有關中國海洋捕 撈控股有限公司（「本公司」）之資料；本公司各董事（「董事」）對本報告所載資料共同及個別地 承擔全部責任。董事在作出一切合理查詢後確認，就彼等所知及所信， ...