Financial Performance - For the six months ended June 30, 2024, the unaudited revenue was approximately HKD 21,628,000, a decrease of 42.3% compared to approximately HKD 37,469,000 for the same period in 2023[2] - The group recorded an unaudited loss attributable to owners of the company of approximately HKD 3,049,000, compared to an unaudited profit of approximately HKD 1,259,000 for the same period in 2023[2] - The total comprehensive loss for the period amounted to HKD 3,125,339, compared to a total comprehensive income of HKD 1,798,853 for the same period in 2023[4] - The gross profit for the six months ended June 30, 2024, was HKD 6,566,824, down from HKD 11,644,338 in the same period of 2023[3] - The basic and diluted loss per share for the period was HKD (0.580), compared to earnings per share of HKD 0.240 for the same period in 2023[5] - The company reported a loss before tax of HKD 3,050,402 for the six months ended June 30, 2024, compared to a profit of HKD 1,257,580 for the same period in 2023[22] - The company reported a net loss of approximately HKD 3,050,000 for the period, compared to a profit of approximately HKD 1,260,000 in the same period of 2023[46] Cash Flow and Assets - The company's cash and cash equivalents decreased to HKD 6,554,583 as of June 30, 2024, from HKD 7,224,481 as of December 31, 2023[6] - The net cash generated from operating activities for the six months ended June 30, 2024, was HKD 631,624, compared to a net cash used of HKD 146,506 in the same period of 2023[12] - The net cash used in investing activities was HKD 5,122,468 for the six months ended June 30, 2024, compared to HKD 548,459 in the previous year[12] - The net cash generated from financing activities was HKD 4,013,397, a significant improvement from the net cash used of HKD 2,783,285 in the same period of 2023[12] - The total assets as of June 30, 2024, amounted to HKD 66,089,327, while total liabilities were HKD 28,530,944, resulting in a net asset position[18] - The company's non-current assets increased to HKD 46,791,892 as of June 30, 2024, compared to HKD 42,542,733 as of December 31, 2023[6] - The company's total liabilities increased to HKD 26,403,817 as of June 30, 2024, compared to HKD 24,698,994 as of December 31, 2023[6] Dividends and Shareholder Information - The company did not recommend any interim dividend for the six months ended June 30, 2024, consistent with the previous year[2] - The company reported a total equity attributable to owners of HKD 40,439,820 as of January 1, 2024, compared to HKD 38,487,371 as of June 30, 2023[10] - Major shareholders include Golden Dice Co., Ltd. with 15.00% and Best Heaven Limited with 6.01% of the company's shares as of June 30, 2024[61] - The company has a total of 37,179,250 stock options outstanding as of June 30, 2024, with an exercise price of HKD 0.20[63] Operational Insights - The company operates in five business segments: sales of smart cards, sales of smart card application systems, financial and management consulting services, scrap metal sales and trading, and media and entertainment[14] - The company expects to continue focusing on expanding its market presence and enhancing its product offerings in the upcoming quarters[10] - The company’s financial performance is expected to improve as it continues to optimize its operational efficiency and explore new market opportunities[10] Accounting and Governance - The company has not adopted new accounting standards that have been issued but not yet effective, which may impact future financial reporting[13] - The audit committee, composed of three independent non-executive directors, reviewed the unaudited interim results for the six months ended June 30, 2024, confirming compliance with applicable accounting standards[64] - The company has adhered to all provisions of the corporate governance code during the six months ended June 30, 2024, except for the separation of the roles of Chairman and CEO[65] - The company has established a set of code of conduct for directors' securities transactions, which complies with GEM Listing Rules[67] Foreign Exchange and Risks - The company is exposed to foreign currency risk primarily from investments in television programs and overseas sales and purchases, mainly denominated in RMB and USD[57] - The company incurred a foreign exchange loss of HKD 595,541 for the six months ended June 30, 2024, compared to a loss of HKD 1,121,053 in the same period of 2023, indicating an improvement[21] Employee and Operational Metrics - The company employed 141 staff as of June 30, 2024, an increase from 126 staff as of December 31, 2023, with employee costs around HKD 11,000,000[48] - Current assets were approximately HKD 19,300,000, a decrease from approximately HKD 26,500,000 as of December 31, 2023, while current liabilities increased to approximately HKD 26,400,000 from approximately HKD 24,700,000[47] Investments and Acquisitions - The investment in television programs increased to HKD 31,935,484 as of June 30, 2024, from HKD 29,735,683 as of December 31, 2023[6] - The fair value gain from investments in television programs was approximately HKD 2,900,000 for the period, compared to HKD 1,620,000 in the same period of 2023[43] - The company entered into a subscription agreement on February 10, 2023, to raise additional capital of HKD 16,500,000 through the issuance of convertible bonds, which have not yet been issued as of June 30, 2024[56] - There were no significant acquisitions or disposals of subsidiaries or associates during the period[50]

Financial Performance - For the six months ended June 30, 2024, the unaudited revenue was approximately HKD 21,628,000, a decrease of 42.3% compared to approximately HKD 37,469,000 for the same period in 2023[2] - The group recorded an unaudited loss attributable to owners of the company of approximately HKD 3,049,000, compared to an unaudited profit of approximately HKD 1,259,000 in 2023[2] - Gross profit for the six months ended June 30, 2024, was HKD 6,566,824, down from HKD 11,644,338 in the same period of 2023[3] - Total comprehensive loss for the period attributable to owners of the company was HKD 3,124,239, compared to a total comprehensive income of HKD 1,799,878 in 2023[5] - The company reported a basic and diluted loss per share of HKD 0.580 for the six months ended June 30, 2024, compared to earnings per share of HKD 0.240 in 2023[5] - The company reported a loss before tax of HKD 3,050,402 for the six months ended June 30, 2024, compared to a profit before tax of HKD 1,257,580 for the same period in 2023[14] - Financial expenses for the six months ended June 30, 2024, were HKD 121,492, an increase from HKD 98,338 in the same period of 2023[20] - The company reported a gross inventory cost of HKD 15,061,348 for the six months ended June 30, 2024, down from HKD 25,824,628 in the same period of 2023[18] - Other income was HKD 82,650, including bank interest income of HKD 3,105 and miscellaneous income of HKD 79,545, compared to HKD 811,412 in the same period of 2023[37] Dividends and Shareholder Information - The board of directors did not recommend any interim dividend for the six months ended June 30, 2024, consistent with the previous year[2] - The company did not declare any interim dividend for the six months ended June 30, 2024, consistent with the previous year[25] - Major shareholders include Golden Dice Co., Ltd. with 15.00% and Best Heaven Limited with 6.01% of the company's shares as of June 30, 2024[55] - The company has a total of 37,179,250 share options outstanding as of June 30, 2024, with an exercise price of HKD 0.20[56] - As of June 30, 2024, the company's directors and key executives hold a total of 4,500,000 share options, representing approximately 0.88% to 1.68% of the issued share capital[53] Assets and Liabilities - The company's net assets as of June 30, 2024, were HKD 37,314,481, down from HKD 40,439,820 as of December 31, 2023[8] - Current liabilities increased to HKD 26,403,817 from HKD 24,698,994, indicating a rise in financial obligations[7] - Total assets as of June 30, 2024, amounted to HKD 66,089,327, while total liabilities were HKD 28,774,846[15] - The company's total equity as of June 30, 2024, was HKD 38,487,371, an increase from HKD 36,688,518 at the beginning of the period[9] - The company's total liabilities included other borrowings amounting to HKD 243,902 as of June 30, 2024[15] - Current assets were approximately HKD 19,300,000, down from HKD 26,500,000 as of December 31, 2023, while current liabilities increased to approximately HKD 26,400,000 from HKD 24,700,000[42] - The current ratio decreased to 0.7 as of June 30, 2024, compared to 1.1 as of December 31, 2023[42] - The group's debt-to-equity ratio was 8.1% as of June 30, 2024, down from 11.3% as of December 31, 2023[48] Cash Flow - The company reported a net cash inflow from operating activities of HKD 631,624 for the six months ended June 30, 2024, compared to a net outflow of HKD 146,506 in the same period last year[10] - The net cash outflow from investing activities was HKD 5,122,468 for the six months ended June 30, 2024, significantly higher than HKD 548,459 in the previous year[10] - The net cash inflow from financing activities was HKD 4,013,397, contrasting with a net outflow of HKD 2,783,285 in the prior year[10] - The company experienced a decrease in cash and cash equivalents of HKD 477,447, compared to a decrease of HKD 3,478,250 in the same period last year[10] - The company’s cash and cash equivalents at the end of the period were HKD 6,554,583, up from HKD 2,765,798 at the end of the previous year[10] - As of June 30, 2024, the group had cash and bank balances of approximately HKD 6,600,000, down from HKD 7,200,000 as of December 31, 2023[42] Operational Highlights - The company did not disclose any new product developments or market expansion strategies during the reporting period[3] - The group had no taxable profits in China for the six months ended June 30, 2024, resulting in no provision for corporate income tax[23] - The group reported inventory of HKD 2,550,336 for finished goods as of June 30, 2024, compared to HKD 1,036,738 as of December 31, 2023[33] - The group is exposed to foreign currency risk primarily from investments in television programs and overseas sales and purchases, mainly denominated in RMB and USD[52] - The group recorded a net other loss of approximately HKD 590,000 during the reporting period, compared to HKD 1,120,000 for the same period in 2023[38] - Administrative expenses increased slightly by about HKD 390,000 or 3.7% to approximately HKD 10,890,000 from HKD 10,500,000 in the same period of 2023[40] Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited interim results for the six months ended June 30, 2024, confirming compliance with applicable accounting standards and sufficient disclosure[57] - The company believes it has adhered to all provisions of the corporate governance code during the six months ended June 30, 2024, except for the separation of the roles of Chairman and CEO, which are held by the same individual due to the company's small scale[58] - No securities were purchased, sold, or redeemed by the company or its subsidiaries during the six months ended June 30, 2024[61]

Financial Performance - For the fiscal year ending December 31, 2023, the company recorded a consolidated revenue of approximately HKD 79,105,000, a 35.3% increase from HKD 58,482,000 in 2022[16] - The company achieved a profit attributable to owners of approximately HKD 4,336,000, compared to a loss of HKD 7,735,000 in the previous year[16] - The SIM card contract production and sales business significantly improved, with a profit of approximately HKD 14,250,000, up from HKD 1,460,000 in 2022[19] - For the fiscal year ending December 31, 2023, the company reported revenue from smart card sales of approximately HKD 79,100,000, an increase of about HKD 20,630,000 or 35.3% compared to approximately HKD 58,470,000 in the same period of 2022[30] - Gross profit from smart card sales increased by approximately HKD 12,760,000 or 85.2%, reaching about HKD 27,730,000, compared to approximately HKD 14,970,000 in the previous year[33] - The company recorded a net profit attributable to shareholders of approximately HKD 4,340,000 for the reporting period, a significant recovery from a loss of approximately HKD 7,740,000 in 2022[46] - The company reported a profit before tax of HKD 4,329,715, a turnaround from a loss of HKD 7,735,530 in the previous year[179] - Net profit for the year was HKD 4,334,422, compared to a loss of HKD 7,735,530 in the previous year, marking a substantial recovery[179] - Basic and diluted earnings per share for the year were HKD 0.825, compared to a loss per share of HKD 1.472 in the previous year[179] - The company experienced a total comprehensive income of HKD 3,751,302, recovering from a loss of HKD 8,790,133 in the previous year[179] Operational Efficiency - The relocation of the Shenzhen factory is expected to enhance overall production and operational efficiency by 15% to 20%[19] - The company has implemented cost-cutting measures to improve productivity and operational efficiency[20] - The company is exploring more business opportunities to enhance production efficiency and reduce costs, aiming to strengthen its competitive advantage in the market[27] Revenue Diversification - The company plans to diversify its revenue base by exploring higher value-added card services, such as machine-to-machine (M2M) smart card-related businesses[20] - The company aims to strengthen relationships with existing customers while expanding its customer base and overall market share[20] - The company generated 97% of its total revenue from its top five customers as of December 31, 2023, indicating a high dependency on a limited customer base[105] - The company aims to expand its customer base to mitigate risks associated with reliance on a few key clients[105] Investments and Future Plans - The investment in the television drama "Snow Leopard 2" amounts to approximately HKD 26,900,000, with a planned release in the second quarter of 2025[21] - The company plans to invest in new television productions, which is seen as a strategic step towards business development in the advertising, media, and entertainment sectors[22] - The company is optimistic about macroeconomic improvements and is preparing to obtain SAS certification for its new Shenzhen factory, expected to start in Q3 2024 and complete in Q4 2024[27] Financial Health - The company’s total assets as of December 31, 2023, were not specified in the provided content but are critical for assessing financial health[11] - As of December 31, 2023, the company had cash and bank balances of approximately HKD 7,200,000, an increase from approximately HKD 6,200,000 in 2022[47] - The company’s debt-to-equity ratio was 11.3%, an increase from 9.9% in 2022[53] - As of December 31, 2023, the company had no assets pledged as collateral, the same as in 2022[52] - The company’s total liabilities decreased to HKD 24,698,994 from HKD 27,390,762, a decline of approximately 9.3%[180] - The company’s equity attributable to owners increased to HKD 40,210,303 from HKD 36,457,923, reflecting a growth of about 10.5%[182] - The company’s net asset value reached HKD 40,439,820, up from HKD 36,688,518 in the previous year, reflecting a growth of approximately 7.6%[182] Governance and Compliance - The board of directors consists of six members, including three executive directors and three independent non-executive directors[67] - All directors attended 100% of the board meetings held during the year, with one annual general meeting attended by all except one director[70] - The company has adopted a set of guidelines for directors' securities trading, ensuring compliance with GEM listing rules[65] - The company has not engaged in any purchase, sale, or redemption of its own securities during the reporting period[57] - The audit committee held four meetings during the year ending December 31, 2023, with a 100% attendance rate from all members[81] - The company emphasizes the importance of continuous professional development, with all directors participating in relevant training courses to enhance their knowledge and skills[77] - The nomination committee reviewed and was satisfied with the current composition of the board, ensuring diversity in terms of gender, age, cultural background, and professional experience[84] - The independent non-executive directors have served on the board for over nine years and continue to demonstrate their independence and ability to provide constructive opinions[74] - The audit committee is responsible for reviewing the company's financial controls, internal controls, and risk management systems, ensuring compliance with applicable accounting standards[79] - All independent non-executive directors confirmed their independence through annual independence confirmation statements[74] - The nomination committee met once during the year, with full attendance from all members[85] - The company views board diversity as a key factor in achieving its strategic goals and sustainable development[83] - The board's independent non-executive directors play a crucial role in providing independent opinions and leading in potential conflict of interest situations[75] Shareholder Relations - The company is focused on maintaining strong relationships with its shareholders and investors through various communication channels[115] - The company has a clear policy for convening special shareholder meetings upon request from shareholders holding at least 10% of the paid-up capital[108] - The board is committed to providing high levels of disclosure and financial transparency through regular reporting and communication with shareholders[115] - The company has a structured approach to shareholder communication, including quarterly, interim, and annual reports[112] Dividend Policy - The company did not recommend any final dividend for the reporting period[17] - The company did not recommend a final dividend for the year ending December 31, 2023, consistent with no dividend in 2022[54] - The group reported no final dividend for the year ended December 31, 2023, consistent with the previous year[128] - The company has adopted a general dividend policy, considering factors such as financial performance and shareholder interests when declaring dividends[126] - As of December 31, 2023, the company had no distributable reserves[138] Assets and Liabilities - Total assets as of December 31, 2023, amounted to HKD 44,362,935, an increase from HKD 38,927,253 in 2022[180] - Cash and cash equivalents increased to HKD 7,224,481 from HKD 6,236,472, representing a rise of about 15.9%[186] - Trade and other receivables increased to HKD 18,257,977 from HKD 14,437,765, marking a growth of approximately 26.5%[180] - The company’s inventory decreased to HKD 1,036,738 from HKD 3,257,275, a reduction of about 68.2%[180] - Non-current assets totaled HKD 42,542,733, slightly up from HKD 42,386,503 in 2022[180] Business Operations - The major business of the group is the production and sale of smart card contracts[123] - The company operates primarily in the production and sale of smart cards, custom smart card application systems, financial and management consulting services, and trading of scrap metals[188] - The company has no management contracts related to significant parts of its business for the year ended December 31, 2023[134] Compliance and Reporting - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and comply with applicable disclosure requirements[190] - The company’s financial statements are presented in Hong Kong dollars (HKD) and are based on historical cost, except for investments in television programs which are measured at fair value[191] - The internal control system is designed to ensure compliance with laws and regulations and to provide reasonable assurance against material misstatements or losses[103] - The company has appointed an independent professional consultant to evaluate the effectiveness of its internal control system[102] - The board has reviewed and deemed the internal control and risk management systems to be effective and adequate[103]

Financial Performance - For the fiscal year ended December 31, 2023, the company's revenue was approximately HKD 79,105,000, an increase of 35.3% compared to approximately HKD 58,482,000 for the same period in 2022[5]. - The company recorded a profit attributable to owners of approximately HKD 4,336,000, compared to a loss of approximately HKD 7,735,000 in 2022[7]. - Gross profit for the same period was HKD 27,733,778, up 85.2% from HKD 14,971,773 in the previous year[19]. - The net profit for the year was HKD 4,334,422, a significant recovery from a loss of HKD 7,735,530 in 2022[19]. - The profit before tax for 2023 was HKD 4,329,715, compared to a loss of HKD 7,735,530 in 2022, indicating a significant turnaround[36][37]. - The company experienced a net profit of HKD 4,335,500 during the year, reversing a loss of HKD 7,735,405 from the previous year[25]. - The company reported a total of HKD 3,752,380 in total comprehensive income for the year, after accounting for other comprehensive losses[25]. Revenue Sources - The sales of smart cards generated HKD 79,098,836 in 2023, up from HKD 58,471,358 in 2022, reflecting a growth of 35.3%[41]. - Revenue from bank interest increased to HKD 7,355 in 2023 from HKD 5,062 in 2022, while government subsidies rose to HKD 639,080 from HKD 423,704[42]. - For the fiscal year ending December 31, 2023, the company reported revenue from smart card sales of approximately HKD 79,100,000, an increase of about HKD 20,630,000 or 35.3% compared to approximately HKD 58,470,000 in the same period of 2022[64]. Cost Management - The cost of inventory recognized as an expense increased to HKD 51,371,188 in 2023 from HKD 43,510,435 in 2022, marking a rise of 18.5%[43]. - The financial cost related to lease liabilities decreased to HKD 194,276 in 2023 from HKD 284,865 in 2022, a reduction of 31.8%[43]. - Sales and distribution costs for the reporting period were approximately HKD 2,700,000, an increase of about HKD 400,000 or 17.5% compared to approximately HKD 2,300,000 in the same period of 2022, primarily due to increased transportation costs, sales commissions, and overseas travel expenses[70]. - Administrative expenses slightly increased by approximately HKD 540,000 or 2.5% to about HKD 21,790,000 from approximately HKD 21,250,000 in the same period of 2022[71]. Investments and Future Plans - The company has invested approximately HKD 26,900,000 in the production of the television drama "Snow Leopard 2," with expected revenue generation by the end of 2025[13]. - The company plans to diversify its revenue base by offering higher value-added card services, such as M2M smart card-related businesses, in the coming year[12]. - The company plans to obtain SAS certification for its new Shenzhen factory, with the process expected to start in Q3 2024 and complete in Q4 2024[17]. - The investment in the television program is classified as a non-current asset, with an expected 30% share of net profits to be received within five years after obtaining the necessary broadcasting approvals from Chinese government departments[53]. Financial Position - Total assets minus current liabilities increased to HKD 44,362,935 in 2023 from HKD 38,927,253 in 2022[22]. - The company’s cash and cash equivalents rose to HKD 7,224,481 in 2023, compared to HKD 6,236,472 in 2022[22]. - The company’s total assets increased to HKD 69,061,929 in 2023 from HKD 66,318,015 in 2022[36][37]. - The total liabilities decreased slightly to HKD 28,622,109 in 2023 from HKD 29,629,497 in 2022[37]. - The company’s equity increased to HKD 40,439,820 in 2023 from HKD 36,688,518 in 2022[23]. - The company reported a total equity of HKD 40,210,303 as of December 31, 2023, compared to HKD 36,457,923 at the end of 2022, reflecting an increase of approximately 10.5%[25]. Shareholder Information - The company does not recommend the payment of a final dividend for the fiscal year ended December 31, 2023[8]. - The group did not recommend a final dividend for the year ended December 31, 2023, consistent with no dividends in 2022[84]. - The annual general meeting will be held on June 19, 2024, at 10:00 AM at the Hong Kong New Territories, with the notice to be published according to GEM listing rules[93]. - Share transfer registration will be suspended from June 14, 2024, to June 19, 2024, to determine the rights of shareholders attending the annual general meeting[94]. Compliance and Reporting - The company adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2023, which did not have a significant impact on the financial position or performance for the year[29]. - The company's financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards and comply with applicable disclosure requirements[26].

Financial Performance - For the nine months ended September 30, 2023, the unaudited revenue was approximately HKD 64,590,000, an increase of 44.4% compared to approximately HKD 44,716,000 for the same period in 2022[4]. - The group recorded an unaudited profit attributable to owners of approximately HKD 6,636,000 for the nine months ended September 30, 2023, compared to an unaudited loss of approximately HKD 7,308,000 for the same period in 2022[4]. - The unaudited gross profit for the nine months ended September 30, 2023, was HKD 22,675,985, representing a significant increase from HKD 10,321,040 in the same period of 2022[6]. - The basic and diluted earnings per share for the nine months ended September 30, 2023, were HKD 1.263, compared to a loss per share of HKD 1.391 for the same period in 2022[7]. - The total comprehensive income for the nine months ended September 30, 2023, was HKD 6,306,383, compared to a total comprehensive loss of HKD 7,363,773 for the same period in 2022[6]. - The company did not recommend any interim dividend for the nine months ended September 30, 2023, consistent with the previous year[4]. Costs and Expenses - The total sales cost for the nine months ended September 30, 2023, was HKD 41,914,198, compared to HKD 34,394,587 for the same period in 2022[6]. - The group reported a net finance cost of HKD 139,573 for the nine months ended September 30, 2023, down from HKD 226,303 in the same period of 2022[6]. - Sales cost for SIM card production increased to approximately HKD 41,900,000, up by HKD 7,500,000 or 21.8% compared to the same period last year[25]. - Sales and distribution costs increased to approximately HKD 2,080,000, up by HKD 210,000 or 11.2% compared to approximately HKD 1,870,000 last year[29]. - Administrative expenses slightly decreased to approximately HKD 16,040,000, down by HKD 130,000 or 0.8% from approximately HKD 16,170,000 last year[30]. Revenue Sources - For the nine months ended September 30, 2023, the revenue from the sale of smart cards was approximately HKD 64,584,053, an increase of about HKD 19,879,276 or 44.5% compared to HKD 44,704,777 for the same period in 2022[14]. - The revenue from the sale of smart card application systems for the nine months ended September 30, 2023, was HKD 6,130, a decrease from HKD 10,850 in the same period of 2022[14]. - Total other income for the nine months ended September 30, 2023, was HKD 831,798, compared to HKD 442,554 for the same period in 2022, representing an increase of approximately 88%[15]. - Other income amounted to HKD 831,798, including government subsidies of HKD 639,080[26]. Foreign Exchange and Financial Reporting - The company experienced a foreign exchange loss of HKD 328,250 for the nine months ended September 30, 2023, compared to a loss of HKD 55,981 in the same period of 2022[9]. - The net foreign exchange loss for the nine months ended September 30, 2023, was HKD (240,421), compared to a loss of HKD (40,074) in the same period of 2022[16]. - The company expects that the adoption of new and revised Hong Kong Financial Reporting Standards will not have a significant impact on its unaudited consolidated financial information[11]. - The company did not recognize any income tax provision for the nine months ended September 30, 2023, due to sufficient tax losses available to offset taxable profits in Hong Kong and China[18][19]. Corporate Governance - The company has adhered to the corporate governance code, except for the separation of the roles of chairman and CEO, which remains combined due to the group's small scale[46][48]. - The company has maintained effective internal controls to enhance corporate governance and shareholder transparency[46]. - The company has taken proactive measures to strengthen corporate governance practices and accountability to shareholders[46]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited results for the three and nine months ending September 30, 2023, confirming compliance with applicable accounting standards[45]. Stock Options and Capital Structure - As of September 30, 2023, the total unexercised stock options amounted to 37,179,250 shares, with 14,400,000 shares remaining for executive directors[44]. - The remaining term for stock options as of September 30, 2023, is approximately 4.26 years[47]. - The total stock options granted under the plan since 2018 is 22,779,250 shares, all of which are exercisable at HKD 0.20[44]. - The group's debt-to-capital ratio was 10.4% as of September 30, 2023, compared to 9.9% at the end of 2022[37]. - As of September 30, 2023, the group had cash and bank balances of approximately HKD 11,600,000, an increase from approximately HKD 6,200,000 at the end of 2022[36]. - Current assets were approximately HKD 36,200,000, compared to HKD 23,900,000 at the end of 2022, with current liabilities of approximately HKD 32,600,000[36]. Other Information - The company did not recommend any interim dividend for the nine months ended September 30, 2023, consistent with the previous year[4]. - No securities were purchased, sold, or redeemed by the company or its subsidiaries during the nine months ending September 30, 2023[51]. - There are no interests held by directors or management shareholders in any competing businesses as of September 30, 2023[50].

PHOENITRON HOLDINGS LIMITED 品 創 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8066） 截至二零二三年九月三十日止九個月 第三季度業績公告 香港聯合交易所有限公司（「聯交所」）GEM之特點 GEM乃供投資風險較聯交所其他上市公司為高之中小型公司上市之市場。有意投 資者應了解投資於該等公司之潛在風險，亦應經過審慎周詳考慮後方可作出投資 決定。 由於GEM上市之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 賣之證券承受更大之市場波動風險，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公告之內容概不負責，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公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。 本公告所載資料包括遵照聯交所GEM證券上市規則（「GEM上市規則」）規定提供 有關品創控股有限公司（「本公司」）之資料。本公司各董事（「董事」）對本公告所 載資料共同及個別承擔全部責任。各董事在作出一切合理查詢後確認，就彼等所 深知及確信，本公告所載資料在各重大方面均準 ...

Financial Performance - For the six months ended June 30, 2023, the unaudited revenue was approximately HKD 37,469,000, an increase of 19.3% compared to approximately HKD 31,399,000 for the same period in 2022[4]. - The group recorded an unaudited profit attributable to owners of the company of approximately HKD 1,259,000, compared to an unaudited loss of approximately HKD 5,457,000 for the same period in 2022[4]. - The gross profit for the six months ended June 30, 2023, was approximately HKD 11,644,338, compared to HKD 7,527,105 for the same period in 2022, reflecting a significant improvement[6]. - The total comprehensive income for the six months ended June 30, 2023, amounted to approximately HKD 1,798,853, compared to a loss of HKD 5,162,391 for the same period in 2022[6]. - The basic and diluted earnings per share for the six months ended June 30, 2023, were HKD 0.240, compared to a loss of HKD 1.039 for the same period in 2022[7]. - The reported profit before tax for the six months ended June 30, 2023, was HKD 1,257,580, compared to a loss of HKD 5,457,386 for the same period in 2022, indicating a significant turnaround[21][23]. - The company reported a total comprehensive income of HKD 1,799,878 for the six months ended June 30, 2023, compared to a total comprehensive loss of HKD 5,162,266 for the same period in 2022, reflecting a turnaround in performance[12]. Assets and Liabilities - The company's non-current assets as of June 30, 2023, were valued at approximately HKD 40,502,193, a decrease from HKD 42,386,503 as of December 31, 2022[9]. - Current assets increased to approximately HKD 25,784,127 as of June 30, 2023, compared to HKD 23,931,512 as of December 31, 2022[9]. - The company's total assets as of June 30, 2023, amounted to HKD 66,286,320, compared to HKD 66,318,015 as of December 31, 2022, showing a slight decrease[24][26]. - The total liabilities as of June 30, 2023, were HKD 27,798,949, a decrease from HKD 29,629,497 as of December 31, 2022, reflecting improved financial health[24][26]. - The net current liabilities improved to approximately HKD (992,498) as of June 30, 2023, from HKD (3,796,788) as of December 31, 2022[9]. - As of June 30, 2023, the company's total equity stood at HKD 38,487,371, down from HKD 40,316,260 at the end of June 2022, representing a decrease of approximately 4.5%[12]. Cash Flow and Investments - The company incurred cash outflows from investing activities amounting to HKD 548,459 for the six months ended June 30, 2023, compared to HKD 150,376 in the same period of 2022, indicating increased investment activity[13]. - The company’s financing activities resulted in a cash outflow of HKD 2,783,285 for the six months ended June 30, 2023, compared to HKD 1,872,252 in the prior year, suggesting higher financing costs[13]. - The company's cash and cash equivalents decreased by HKD 3,478,250 during the six months ended June 30, 2023, compared to an increase of HKD 40,674 in the same period of 2022[13]. - Operating cash flow for the six months ended June 30, 2023, was a net outflow of HKD 146,506, a significant decline from a net inflow of HKD 2,063,302 in the prior year[13]. - The cash and cash equivalents as of June 30, 2023, were HKD 2,765,798, a decrease from HKD 6,236,472 as of December 31, 2022, highlighting liquidity challenges[24][26]. Shareholder Information - Major shareholders include Golden Dice Co., Ltd. with 63,142,512 shares (12.02%) and Best Heaven Limited with 31,586,500 shares (6.01%) as of June 30, 2023[83]. - The company’s major shareholder, Cai Junyuan, holds 94,729,012 shares (18.03%) through controlled entities[83]. - As of June 30, 2023, the company has a total of 4,500,000 share options available for exercise by executive directors, with an exercise price of HKD 0.20[85]. - The company has a total of 37,179,250 share options remaining as of June 30, 2023, after accounting for options that have expired[85]. - The company has a total of 22,779,250 share options granted to employees, with an exercise price of HKD 0.20, valid until January 2, 2028[85]. Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited results for the six months ending June 30, 2023, ensuring compliance with applicable accounting standards[86]. - The company has adopted the corporate governance code as per GEM listing rules, maintaining transparency and accountability to shareholders[87]. - The company has not separated the roles of Chairman and CEO, citing the small scale of operations and established internal controls as reasons[88]. - The company has maintained compliance with all provisions of the corporate governance code, except for the separation of the Chairman and CEO roles[87]. - The company’s independent non-executive directors are responsible for reviewing financial controls and risk management systems[86]. Operational Highlights - The company operates in five business segments: sales of smart cards, smart card application systems, financial and management consulting services, scrap metal sales and trading, and media and entertainment[19]. - Revenue from SIM card production was approximately HKD 37,500,000, an increase of about HKD 6,100,000 or 19.4% compared to HKD 31,400,000 in the same period last year[53]. - Cost of sales for SIM card production was approximately HKD 25,800,000, an increase of about HKD 1,900,000 or 7.9% compared to HKD 23,900,000 in the same period last year[54]. - Gross profit increased by approximately HKD 4,100,000 or 54.7% to about HKD 11,600,000 from approximately HKD 7,500,000 in the same period last year[54]. - The company received government subsidies totaling HKD 639,080 for the six months ended June 30, 2023, compared to HKD 306,298 for the same period in 2022, indicating increased support[29].

PHOENITRON HOLDINGS LIMITED 品 創 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8066） 截至二零二三年六月三十日止六個月之 中期業績公告 香港聯合交易所有限公司（「聯交所」）GEM之特點。 GEM乃供投資風險較聯交所其他上市公司為高之中小型公司上市之市場。有意投 資者應了解投資於該等公司之潛在風險，亦應經過審慎周詳考慮後方可作出投資 決定。 由於GEM上市之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 賣之證券承受更大之市場波動風險，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公告之內容概不負責，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公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。 本公告所載資料包括遵照聯交所GEM證券上市規則（「GEM上市規則」）規定提供 有關品創控股有限公司（「本公司」）之資料。本公司各董事（「董事」）對本公告所 載資料共同及個別承擔全部責任。各董事在作出一切合理查詢後確認，就彼等所 深知及確信，本公告所載資料在各重大方面均準 ...

Financial Performance - For the three months ended March 31, 2023, the unaudited revenue was approximately HKD 19,564,000, an increase of 32.6% compared to approximately HKD 14,760,000 for the same period in 2022[4] - The group recorded an unaudited profit attributable to owners of the company of approximately HKD 1,243,000, compared to an unaudited loss of approximately HKD 2,628,000 for the same period in 2022[4] - The gross profit for the three months ended March 31, 2023, was HKD 6,827,207, compared to HKD 3,795,260 for the same period in 2022[6] - The total comprehensive income for the period was HKD 1,176,594, compared to a total comprehensive loss of HKD 2,453,817 for the same period in 2022[7] - Basic and diluted earnings per share for the period were HKD 0.237, compared to a loss per share of HKD 0.500 for the same period in 2022[7] Revenue and Costs - The company's revenue from SIM card production for the three months ended March 31, 2023, was approximately HKD 19,500,000, an increase of about HKD 4,800,000 or 32.6% compared to approximately HKD 14,700,000 in the same period of 2022[22] - The cost of sales for the SIM card production business was approximately HKD 12,700,000, an increase of about HKD 1,800,000 or 16.2% compared to approximately HKD 10,900,000 in the same period of 2022[23] - The gross profit increased to approximately HKD 6,800,000, up about HKD 3,000,000 or 79.9% from approximately HKD 3,800,000 in the same period of 2022[23] - The cost of sales for the three months ended March 31, 2023, was HKD 12,737,201, compared to HKD 10,964,399 for the same period in 2022[6] Expenses - Administrative expenses decreased to HKD 5,211,982 for the three months ended March 31, 2023, from HKD 5,544,771 in the same period in 2022[6] - The financial expenses for the period were HKD 52,345, down from HKD 85,075 in the same period in 2022[6] - Administrative expenses decreased slightly by about HKD 330,000 or 6.0% to approximately HKD 5,210,000 compared to approximately HKD 5,540,000 in the same period of 2022[27] - Financial expenses remained stable at approximately HKD 100,000 for both the three months ended March 31, 2023, and 2022[28] Dividends - The company did not recommend any interim dividend for the three months ended March 31, 2023, consistent with the previous year[4] - The company did not declare any interim dividend for the three months ended March 31, 2023, consistent with the same period in 2022[18] Foreign Exchange and Other Income - The company reported a foreign exchange loss of HKD 66,323 for the period, compared to a foreign exchange gain of HKD 173,988 in the same period in 2022[7] - Other income totaled HKD 179,792, including government subsidies of HKD 172,414, bank interest income of HKD 814, and miscellaneous income of HKD 6,564[24] - The net other gains were approximately HKD 60,000, compared to a net loss of approximately HKD 260,000 in the same period of 2022[25] Shareholder Information - Major shareholders included Golden Dice Co., Ltd. with 12.02% and Best Heaven Limited with 6.01% of the shares[34] - The total number of unexercised share options as of March 31, 2023, was 37,179,250, after accounting for 450,000 options that lapsed during the period[36] - The group’s executive directors held a total of 14,400,000 share options as of March 31, 2023[36] - The total equity held by the directors and key executives represented a small percentage of the issued share capital, with the highest individual holding being 1.68%[32] Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited results for the three months ended March 31, 2023[38] - The company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15, except for the separation of the roles of Chairman and CEO, which is not deemed necessary due to the group's small scale[39] - The company has established a set of codes of conduct for directors' securities transactions, which comply with GEM Listing Rules[42] - There are no interests held by directors or management shareholders in any business that competes directly or indirectly with the company's operations as of March 31, 2023[44] Financial Position - As of March 31, 2023, the group had cash and bank balances of approximately HKD 2,300,000, down from HKD 6,200,000 as of December 31, 2022[30] - Current assets were approximately HKD 27,400,000, an increase from HKD 23,900,000 as of December 31, 2022, while current liabilities rose to approximately HKD 29,000,000 from HKD 27,700,000[30] - The current ratio remained at 0.9 as of March 31, 2023, unchanged from December 31, 2022[30] - The debt-to-capital ratio decreased to 6.5% as of March 31, 2023, compared to 9.9% as of December 31, 2022[31] - The company has no outstanding borrowings as of March 31, 2023, compared to HKD 1,300,000 as of December 31, 2022[30] Securities Transactions - The company did not purchase, sell, or redeem any of its securities during the three months ending March 31, 2023[45] - As of March 31, 2023, the remaining term is approximately 4.76 years[40]

PHOENITRON HOLDINGS LIMITED 品 創 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8066） 截至二零二三年三月三十一日止三個月 第一季度業績公告 香港聯合交易所有限公司（「聯交所」）GEM之特點 GEM乃供投資風險較聯交所其他上市公司為高之中小型公司上市之市場。有意投 資者應了解投資於該等公司之潛在風險，亦應經過審慎周詳考慮後方可作出投資 決定。 由於GEM上市之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 賣之證券承受更大之市場波動風險，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公告之內容概不負責，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公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。 本公告所載資料包括遵照聯交所GEM證券上市規則（「GEM上市規則」）規定提供 有關品創控股有限公司（「本公司」）之資料。本公司各董事（「董事」）對本公告所 載資料共同及個別承擔全部責任。各董事在作出一切合理查詢後確認，就彼等所 深知及確信，本公告所載資料在各重大方面均 ...