Financial Performance - The Group's consolidated revenue for the year ended December 31, 2023, was approximately HK$22,011,000, representing a year-on-year decrease of approximately 20% from HK$27,348,000 in 2022[37]. - The smart retail business generated revenue of approximately HK$22,011,000 for the year ended December 31, 2023, down from approximately HK$27,071,000 in 2022, with an operating loss of approximately HK$3,316,000[29]. - Loss attributable to owners of the Company amounted to approximately HK$10,108,000 for the year ended December 31, 2023, an increase of approximately 4% compared to HK$9,746,000 in 2022[44]. - The Group's discontinued operations incurred a loss of approximately HK$1,620,000 for the year ended December 31, 2023, compared to a loss of approximately HK$669,000 in 2022[38]. - The decrease in revenue was primarily due to reduced data usage as enterprises returned to normal operations post-COVID-19, leading to decreased demand for cloud services[29]. - The Group recorded a loss attributable to owners of approximately HK$10,108,000 for the year ended December 31, 2023, which is an increase of about 4% compared to a loss of approximately HK$9,746,000 in 2022[49]. - The Group's total liabilities increased to approximately HK$15,657,000, up from approximately HK$13,637,000 in 2022, representing an increase of about 15%[47]. - The capital structure consisted of equity attributable to owners of approximately HK$18,382,000, a decrease of about 33% from HK$27,396,000 in 2022[55]. - The current ratio as of December 31, 2023, was approximately 2, down from approximately 3 in 2022[47]. - The Group had no bank borrowings or facilities as of December 31, 2023, maintaining a gearing ratio of nil[48]. - Total staff costs, including Director's remuneration, amounted to approximately HK$11,850,000 for the year ended December 31, 2023, down from approximately HK$14,168,000 in 2022, representing a decrease of about 16%[69]. Business Strategy and Operations - The Group is committed to monitoring market trends and formulating flexible business strategies to seize emerging opportunities[22]. - The Group is focusing its resources on the smart retail business, which has become the focal point of development[28]. - The Group's business growth is expected to be driven by its smart retail business, with a focus on cloud services and system development, anticipating a resurgence in demand due to advancements in artificial intelligence and augmented reality[68]. - The Group ceased its lottery, sports training, and financial technology services businesses due to long-term losses, aiming to streamline operations[22]. - The financial technology services business was ceased in the first half of 2023, resulting in no revenue generated for the year ended December 31, 2023[30]. - The lottery business was also ceased during the year, recording an operating loss of approximately HK$462,000 for the year ended December 31, 2023, with no revenue generated[35]. Employee and Management Relations - The management expressed gratitude to employees, customers, and partners for their continued support, emphasizing a focus on steady business growth[23]. - As of December 31, 2023, the Group employed approximately 21 employees, a significant decrease from 55 employees in 2022[69]. - The Group maintained good relationships with employees, customers, and suppliers, with no significant disputes reported during the year ended December 31, 2023[119][124]. - The remuneration committee regularly monitors and recommends appropriate compensation levels for directors to attract and retain talent[178]. - The Company ensures that the compensation levels for directors are aligned with industry standards and business development[178]. Governance and Compliance - The Audit Committee reviewed the financial statements and accounting principles prior to recommending them to the Board for approval for the year ended December 31, 2023[117][123]. - The Group's principal risks and uncertainties, as well as future business developments, are discussed in the "CHAIRMAN'S STATEMENT" and "MANAGEMENT DISCUSSION AND ANALYSIS" sections of the report[107][111]. - The Company has not disclosed any material interests in transactions involving directors or their connected entities throughout the year[180]. - No significant transactions or contracts were entered into between the Company and any controlling shareholders during the year[177]. - The Company has no provision for pre-emptive rights regarding the offering of new shares to existing shareholders[132]. Environmental and Social Responsibility - The Group's commitment to environmental protection was reflected in its efforts to reduce greenhouse gas emissions during the year ended December 31, 2023[108][112]. - The Group encourages eco-friendly practices among employees and implements green office measures to promote sustainability[108][112]. Shareholder Information - No dividend was recommended for the year ended December 31, 2023[46]. - A dividend policy was adopted by the Board to allow shareholders to participate in profits while preserving liquidity for future growth opportunities[100]. - The Board does not recommend to pay any dividend for the year ended 31 December 2023, consistent with the previous year where no dividend was paid[102][106]. - As of 31 December 2023, the Company did not have any reserves available for distribution, similar to the situation in 2022[130][136]. - The largest customer accounted for 21% of the Group's total sales, while the five largest customers combined represented 50%[157]. - The largest supplier contributed to 32% of the Group's total purchases, and the five largest suppliers combined accounted for 75%[157]. Share Capital and Ownership - The total number of issued shares of 51 Credit Card as of December 31, 2023, is 1,358,320,188 shares[191]. - The total number of issued shares as of December 31, 2023, is 4,686,048,381 shares[197]. - 51 Credit Card holds a substantial interest in controlled corporations, owning approximately 1,834,963,213 shares, representing 39.16% of the issued shares[195]. - Mr. Sun Haitao holds a long position of 108,159,464 shares in 51 Credit Card, representing approximately 7.96% of the issued shares[186]. - Additionally, Mr. Sun holds 50,355,000 shares through other entities, contributing to a total of 301,222,736 shares, which is about 22.18% of the issued shares[186]. - Mr. Wang Yonghua has a beneficial interest in 365,000,000 shares, accounting for 7.79% of the total issued shares[195]. - Mr. Zuo Lei is a beneficial owner of 483,600,000 shares, which is 10.32% of the total issued shares[197]. - Rising Sun Limited, controlled by Mr. Sun, beneficially holds 108,159,464 shares, with a portion charged in favor of Hangzhou Zhenniu[191]. - The ownership structure indicates that 51RENPIN.COM INC. is wholly owned by Shanghai Wuniu, which is in turn wholly owned by Hangzhou Jiahao[197]. - The contractual arrangements between Hangzhou Zhenniu and Hangzhou Jiahao allow for control over the latter by the former[197].

Financial Performance - The group's unaudited consolidated revenue from continuing operations for the nine months ended September 30, 2023, was approximately HKD 16,376,000, an increase of about 0.8% compared to HKD 16,241,000 for the same period in 2022[4]. - The group recorded an unaudited consolidated loss attributable to owners of the company from continuing and discontinued operations of approximately HKD 5,103,000 for the nine months ended September 30, 2023, compared to HKD 7,768,000 for the same period in 2022[4]. - The basic and diluted loss per share from continuing and discontinued operations for the nine months ended September 30, 2023, was approximately HKD 0.11, compared to HKD 0.17 for the same period in 2022[4]. - The group's gross profit for the nine months ended September 30, 2023, was HKD 5,684,000, compared to HKD 2,604,000 for the same period in 2022, indicating a significant improvement[6]. - Administrative expenses for the nine months ended September 30, 2023, were HKD 9,520,000, down from HKD 13,763,000 in the same period of 2022, reflecting cost control measures[6]. - The group reported a pre-tax loss of HKD 5,496,000 for the nine months ended September 30, 2023, compared to a loss of HKD 10,690,000 for the same period in 2022, showing a reduction in losses[6]. - The total comprehensive expenses for the nine months ended September 30, 2023, amounted to HKD 5,863,000, down from HKD 12,918,000 in the same period of 2022, indicating improved financial performance[7]. - The group’s revenue for the three months ended September 30, 2023, was HKD 6,526,000, compared to HKD 4,954,000 for the same period in 2022, representing a year-over-year increase[6]. - The group’s loss attributable to owners from continuing operations for the three months ended September 30, 2023, was HKD 646,000, an improvement from HKD 2,188,000 in the same period of 2022[7]. - The total loss attributable to owners for the three months ended September 30, 2023, was HKD 707,000, compared to HKD 2,459,000 in the same period of 2022, showing a reduction of 71.3%[21]. Business Operations - The company has terminated its fintech services business, which did not generate any revenue for the nine months ended September 30, 2023, consistent with the previous year[28]. - The company has decided to terminate its lottery business due to ongoing operational losses, with no revenue generated for the nine months ended September 30, 2023[31]. - The company's smart retail business generated significant growth in system development and hardware sales, with revenue from these services increasing approximately 2.3 times from about RMB 900,000 in Q3 2022 to about RMB 2,100,000 in Q3 2023[27]. - The company's discontinued operations, including the lottery, fintech, and sports training businesses, incurred a loss attributable to owners of approximately HKD 259,000 for the nine months ended September 30, 2023, compared to HKD 787,000 in the same period of 2022[32]. Shareholder Information - As of September 30, 2023, the major shareholder 51 Credit Card holds 1,834,963,213 shares, representing approximately 39.16% of the issued shares[42]. - Mr. Wang Yonghua holds 365,000,000 shares, accounting for approximately 7.79% of the issued shares[44]. - The total number of issued shares as of September 30, 2023, is 4,686,048,381 shares[44]. - The company’s total issued shares remained at 4,686,048,381 as of September 30, 2023, with a par value of HKD 0.005 per share[35]. Governance and Compliance - The company has applied the principles of the corporate governance code as per GEM Listing Rules Appendix 15, with the exception of the separation of roles between the Chairman and the CEO, which is currently held by Mr. Sun[46]. - The company is in the process of identifying suitable candidates to fill the CEO vacancy to comply with the corporate governance code[47]. - The audit committee has reviewed the unaudited consolidated quarterly results for the nine months ended September 30, 2023, and confirmed compliance with applicable accounting standards and GEM Listing Rules[50]. Future Outlook - The company is focusing its resources on the smart retail business, which is expected to be a key area of growth moving forward[27]. - The group's business development will continue to be driven by its smart retail business, focusing on cloud services, system development, and hardware and software sales[36]. - The rise of artificial intelligence is expected to further boost demand for cloud services in the future[36]. - The company will adjust cost-saving measures to prepare for exploring new business opportunities in the industry[36]. - The company aims to leverage new opportunities arising from market developments and consumer needs[36]. - The company will continue to focus on the development of new products and technologies[36]. - The company is preparing for potential market expansion and mergers and acquisitions as part of its strategic initiatives[36]. Taxation - The company has not recognized any tax provision for Hong Kong profits tax due to no taxable profits generated in Hong Kong during the periods[14]. - The company has no significant unrecognized deferred tax liabilities as of September 30, 2023[15]. Dividends - The company did not recommend any dividend for the nine months ended September 30, 2023, consistent with the previous year[25]. Interest Expenses - The company incurred interest expenses of HKD 9,000 related to lease liabilities for the three months ended September 30, 2023, consistent with the same amount in 2022[12]. Financial Reporting Standards - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2023, which did not result in significant changes to the accounting policies or reported amounts[8]. - The company has begun evaluating the impact of new and revised Hong Kong Financial Reporting Standards but has not identified any significant effects on its operating performance and financial position[9].

香港交易及結算所有限公司及香港聯合交易所有限公司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分內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 截至2023年9月30日止九個月之第三季度業績公告 中彩網通控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其 附屬公司截至2023年9月30日止九個月之未經審核綜合業績。本公告列載本公司2023年 第三季度報告全文，乃符合香港聯合交易所有限公司（「聯交所」）GEM證券上市規則 （「GEM上市規則」）中有關第三季度業績初步公告附載的資料之要求。本公司2023年第 三 季 度 報 告 的 印 刷 版 本 將 適 時 寄 發 予 本 公 司 股 東 ， 並 刊 載 於 本 公 司 網 站 (www.irasia.com/listco/hk/chinanetcom)及聯交所網站(www.hkexnews.hk)。 承董事會命 中彩網通控股有限公司 主席兼執行董事 孫海濤 2023年11月8日 於本公告日期，執行董事為孫海濤先生及吳珊女士；及獨立非執行董事為宋柯先生、劉 ...

Financial Performance - The group's unaudited consolidated revenue for the six months ended June 30, 2023, was approximately HKD 9,850,000, a decrease of about 13% compared to HKD 11,287,000 for the same period in 2022[5] - The unaudited consolidated loss attributable to owners of the company from continuing and discontinued operations for the six months ended June 30, 2023, was approximately HKD 4,396,000, compared to HKD 5,309,000 for the same period in 2022[5] - The basic and diluted loss per share from continuing and discontinued operations for the six months ended June 30, 2023, was approximately HKD 0.09, compared to HKD 0.11 for the same period in 2022[5] - The group recorded a gross profit of HKD 1,800,000 for the six months ended June 30, 2023, down from HKD 2,504,000 in the same period of 2022[6] - The group reported a net loss from continuing operations of HKD 5,816,000 for the six months ended June 30, 2023, compared to HKD 6,648,000 for the same period in 2022[6] - The company reported a total comprehensive loss of HKD (6,273,000) for the six months ended June 30, 2023, compared to a loss of HKD (5,666,000) in the same period of 2022[12] - The total loss from continuing operations for the six months ended June 30, 2023, was HKD 5,816,000, compared to a loss of HKD 6,991,000 for the same period in 2022, indicating an improvement[24] Assets and Liabilities - Total assets less current liabilities as of June 30, 2023, amounted to HKD 22,362,000, compared to HKD 27,727,000 as of December 31, 2022[8] - As of June 30, 2023, the company's total equity attributable to owners decreased to HKD 23,016,000 from HKD 27,396,000 as of December 31, 2022, representing a decline of approximately 16.5%[10] - The total assets as of June 30, 2023, were HKD 33,083,000, down from HKD 41,364,000 as of December 31, 2022[26] - The total liabilities as of June 30, 2023, were HKD 11,022,000, a decrease from HKD 13,637,000 as of December 31, 2022[28] - The company has no bank borrowings or loans as of June 30, 2023, resulting in a capital debt ratio of zero[53] Cash Flow and Expenses - The group's cash and bank balances as of June 30, 2023, were HKD 20,516,000, a decrease from HKD 28,203,000 as of December 31, 2022[8] - The net cash used in operating activities for the six months ended June 30, 2023, was HKD (7,646,000), an improvement from HKD (13,703,000) in the same period of 2022[13] - The company's cash and cash equivalents decreased to HKD 20,516,000 as of June 30, 2023, down from HKD 33,555,000 at the end of the previous year, reflecting a reduction of approximately 38.8%[13] - The total employee cost for the six months ended June 30, 2023, was approximately HKD 5.2 million, down from HKD 5.9 million for the same period in 2022[62] - The group's administrative expenses for the six months ended June 30, 2023, were HKD 7,001,000, down from HKD 9,702,000 in the same period of 2022[6] Business Operations - The company terminated its sports training services business in April 2022, which may have impacted revenue streams[20] - The company has terminated its fintech services business, which did not generate any revenue for the six months ended June 30, 2023, consistent with the previous year[46] - The sports training business was also classified as discontinued, with no revenue generated for the six months ended June 30, 2023, compared to HKD 66,000 for the same period in 2022[48] - The company reported a loss of HKD 2,694,000 from its retail and lottery businesses combined for the six months ended June 30, 2023[24] - The company continues to evaluate new strategies for market expansion and product development to enhance future performance[18] Shareholding and Governance - As of June 30, 2023, Mr. Sun Haitao holds 108,159,464 shares in 51 Credit Card, representing approximately 7.96% of the issued shares[65] - The total shares held by Mr. Sun Haitao and related entities amount to 301,222,736 shares, which is about 22.18% of the issued shares[65] - 51 Credit Card and its related entities collectively own 1,834,963,213 shares, accounting for 39.16% of the total issued shares[69] - The company is currently seeking suitable candidates to fill the CEO position to comply with corporate governance codes[73] - The company has adhered to all corporate governance codes as per GEM listing rules, except for the separation of the roles of Chairman and CEO[73] Compliance and Audit - The audit committee reviewed the unaudited consolidated performance for the six months ending June 30, 2023, confirming compliance with applicable accounting standards and GEM listing rules[76] - The company has adopted a relaxed code of conduct for directors regarding securities trading, with no violations reported for the six months ending June 30, 2023[75] - The company has not yet applied new accounting standards that have been issued but not yet effective, and is currently assessing their potential impact[16]

Financial Performance - The group's unaudited consolidated revenue from continuing operations for the three months ended March 31, 2023, was approximately HKD 4,407,000, representing a growth of about 21% compared to HKD 3,650,000 for the same period in 2022[4] - The unaudited consolidated loss attributable to owners from continuing and discontinued operations for the three months ended March 31, 2023, was approximately HKD 3,036,000, an improvement from HKD 3,862,000 for the same period in 2022[4] - The basic and diluted loss per share from continuing and discontinued operations for the three months ended March 31, 2023, was approximately HKD 0.06, compared to HKD 0.08 for the same period in 2022[6] - The gross profit for the three months ended March 31, 2023, was HKD 429,000, up from HKD 194,000 in the same period of 2022[5] - The total comprehensive loss for the three months ended March 31, 2023, was HKD 4,175,000, compared to HKD 5,646,000 for the same period in 2022[6] - The company reported a loss attributable to owners of the company of HKD 3,036,000 for the three months ended March 31, 2023, compared to a loss of HKD 3,862,000 for the same period in 2022, indicating a reduction in losses[20] - The group reported a consolidated loss attributable to the owners of approximately HKD 3,036,000 for the three months ended March 31, 2023, a decrease of about 14% from HKD 3,534,000 in the same period of 2022[33] Revenue and Business Segments - For the three months ended March 31, 2023, the company's revenue from smart retail business was approximately HKD 4,407,000, an increase from HKD 3,650,000 for the same period in 2022, reflecting a growth driven by the recovery of the Chinese economy post-COVID-19[26] - The group has terminated its fintech services and sports training businesses, which did not generate any revenue for the three months ended March 31, 2023, compared to HKD 66,000 for the sports training business in the same period of 2022[29][30] Expenses and Cost Management - Administrative expenses decreased to HKD 3,821,000 for the three months ended March 31, 2023, from HKD 4,139,000 in the same period of 2022[5] - The total employee costs for the first quarter of 2023 amounted to HKD 3,630,000, a decrease of 13% compared to HKD 4,175,000 in the same period of 2022[16] - The total sales and service costs and administrative expenses for the first quarter of 2023 were HKD 7,799,000, slightly higher than HKD 7,595,000 in the same period of 2022[16] - The financial costs for the three months ended March 31, 2023, were HKD 8, significantly reduced from HKD 99,000 in the same period of 2022[11] - The company incurred external technical service fees of HKD 2,984,000 in the first quarter of 2023, an increase from HKD 2,104,000 in the same period of 2022[16] - The company’s depreciation expenses for right-of-use assets decreased to HKD 257,000 in the first quarter of 2023 from HKD 370,000 in the same period of 2022[16] Corporate Governance and Compliance - The company has complied with all provisions of the corporate governance code as per GEM listing rules, except for the separation of roles between the Chairman and CEO, which are currently held by the same individual, Mr. Sun Haitao[46] - The audit committee has reviewed the unaudited consolidated results for the three months ending March 31, 2023, confirming compliance with applicable accounting standards and GEM listing rules[48] Strategic Focus and Future Plans - The group plans to focus on the development of cloud services as traditional enterprises increasingly migrate to the cloud, while closely monitoring its lottery business for potential discontinuation due to ongoing losses[35] - The group is implementing cost-saving measures that contributed to the improvement in the performance of its smart retail business[33] - The group is concentrating its resources on growth potential businesses, indicating a strategic shift away from underperforming sectors[35] Share Capital and Structure - The total number of issued shares as of March 31, 2023, remained at 4,686,048,381 shares, with a par value of HKD 0.005 per share[34] - As of March 31, 2023, the total number of issued shares is 4,686,048,381, with significant shareholders including Mr. Wang Yonghua and Tiantu Investments, each holding 365,000,000 shares, representing 7.79% of the total shares[44] Other Information - The company did not declare any interim dividend for the three months ended March 31, 2023, consistent with the same period in 2022[25] - The company has not reported any significant events after March 31, 2023, up to the date of this report[24] - The group has not yet applied the newly issued but not yet effective Hong Kong Financial Reporting Standards, and is currently assessing their impact[8] - The group confirmed a gain of approximately HKD 140,000 from the sale of its subsidiary in the sports training business during the first half of the fiscal year ending December 31, 2022[29]

香港交易及結算所有限公司及香港聯合交易所有限公司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 任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 截至2023年3月31日止三個月之第一季度業績公告 中彩網通控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及 其附屬公司截至2023年3月31日止三個月之未經審核綜合業績。本公告列載本公 司2023年第一季度報告全文，乃符合香港聯合交易所有限公司（「聯交所」）GEM證 券上市規則（「GEM上市規則」）中有關季度業績初步公告附載的資料之要求。本公 司2023年第一季度報告將在本公司網站（www.irasia.com/listco/hk/chinanetcom）及聯 交所網站（www.hkexnews.hk）上刊載，其印刷版本將根據GEM上市規則於2023年5 月16日或之前寄發予本公司股東。 承董事會命 中彩網通控股有限公司 主席兼執行董事 孫海濤 2023年5月9日 於本公告日期，執行董事為孫海濤先生及吳珊女士；及獨立非執行董事為宋柯先 ...

Financial Performance - The Group's consolidated revenue for the year ended 31 December 2022 was approximately HK$27,348,000, a decrease of about 25% compared to HK$36,331,000 in 2021[34]. - The smart retail business generated revenue of approximately HK$27,071,000 in 2022, down from approximately HK$34,393,000 in 2021, with an operating loss of approximately HK$2,832,000[25]. - The financial technology services business was classified as a discontinued operation, generating no revenue in 2022 and recording an operating loss of approximately HK$776,000[26]. - The sports training business recorded revenue of approximately HK$66,000 in 2022, significantly down from approximately HK$1,938,000 in 2021, with an operating loss of approximately HK$263,000[30]. - The lottery business generated revenue of approximately HK$211,000 in 2022, with an operating loss of approximately HK$2,093,000[31]. - Loss attributable to owners of the Company decreased by approximately 49% to about HK$9,746,000 in 2022, compared to approximately HK$19,195,000 in 2021[41]. - The Group reported a loss for the year ended December 31, 2022, with details available in the consolidated financial statements[101]. Assets and Liabilities - The Group's total assets as of 31 December 2022 were approximately HK$41,364,000, down from approximately HK$90,941,000 in 2021[44]. - As of December 31, 2022, the Group's total assets were approximately HK$41,364,000, down from approximately HK$90,941,000 in 2021, while total liabilities decreased to approximately HK$13,637,000 from approximately HK$50,582,000[49]. - The Group had no bank borrowings as of 31 December 2022, resulting in a gearing ratio of nil[45]. - The Group had no significant contingent liabilities as of December 31, 2022, consistent with 2021[63]. - The Group's equity attributable to owners was approximately HK$27,396,000 as of December 31, 2022, down from approximately HK$38,681,000 in 2021[51]. Operational Focus and Strategy - The Group has ceased its loss-making sports training and financial technology services businesses, focusing on profitable operations[19]. - Demand for domestic cloud services and cross-border business has been growing rapidly, with the cloud services business becoming a focal point of development[24]. - The Group plans to focus on market trends and consumer needs while adjusting cost-saving measures to explore new business opportunities[32]. - The Group plans to focus on the development of cloud services as traditional enterprises migrate to the cloud, while potentially downsizing or ceasing its loss-making lottery business[64]. Employee and Remuneration - Total staff costs, including Director's remuneration, for the year ended December 31, 2022, amounted to approximately HK$14,414,000, a decrease from approximately HK$16,927,000 in 2021[65]. - The Company provides competitive remuneration packages to attract and motivate employees, regularly reviewing these packages[122]. - The Remuneration Committee regularly monitors the remuneration of Directors to ensure it is appropriate and competitive[174]. - The Company has a policy to avoid overpaying Directors while ensuring sufficient remuneration to attract and retain talent[180]. Future Outlook and Investments - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[79]. - The company is investing in R&D for new technologies, with a budget allocation of $5 million for the upcoming year[79]. - Market expansion plans include entering two new international markets by Q3 2023, aiming for a 10% market share in each[79]. - The company has completed a strategic acquisition of a tech startup for $10 million to enhance its service offerings[79]. - A new product line is set to launch in Q2 2023, expected to contribute an additional $3 million in revenue[79]. - The company has revised its earnings guidance, now expecting an EBITDA margin of 20% for the next quarter[79]. - The board has approved a new marketing strategy with a budget increase of 30% to boost brand visibility[79]. - The company has established partnerships with three major industry players to enhance its competitive edge[79]. Corporate Governance and Compliance - The Audit Committee reviewed the financial statements and accounting practices prior to Board approval for the year ended December 31, 2022[121]. - The Group maintained good relationships with customers and suppliers, with no significant disputes reported during the year[123]. - The Group's environmental policy includes promoting green measures and reducing energy consumption, with compliance maintained throughout 2022[113]. - The Group's commitment to environmental sustainability is reflected in its ongoing efforts to implement eco-friendly practices[112]. - The Group's business activities continued to align with its environmental policy during the year ended December 31, 2022[117]. - The Company and its subsidiaries were not involved in any arrangements for Directors to acquire benefits through share or debenture acquisitions during the year[200]. Share Capital and Ownership - The total number of issued shares remained unchanged at 4,686,048,381 as of December 31, 2022[51]. - The largest customer accounted for approximately 18% of total sales, while the five largest customers combined accounted for 59%[160]. - The largest supplier represented approximately 43% of total purchases, with the five largest suppliers combined accounting for 69%[160]. - As of December 31, 2022, 51 Credit Card holds 1,834,963,213 shares, representing approximately 39.16% of the total issued shares[194]. - Mr. Wang Yonghua is deemed to have an interest in 2,199,963,213 shares, which is about 46.95% of the total issued shares[194]. - The total long position of Mr. Sun and others in associated corporations amounts to 301,222,736 shares, which is about 22.18% of the issued shares[187]. - The report indicates no other significant shareholders outside of the disclosed entities as of December 31, 2022[199]. - The company maintains compliance with the Securities and Futures Ordinance regarding the disclosure of interests and short positions[199].

Financial Performance - The group's unaudited consolidated revenue for the six months ended June 30, 2019, was approximately HKD 41,403,000, representing an increase of about 233% compared to HKD 12,419,000 for the same period in 2018[6] - The group recorded an unaudited consolidated profit attributable to owners of the company of approximately HKD 16,074,000 for the six months ended June 30, 2019, compared to an unaudited consolidated loss of HKD 4,034,000 for the same period in 2018[6] - The basic and diluted earnings per share for the six months ended June 30, 2019, was approximately HKD 0.34, compared to a loss of HKD 0.09 for the same period in 2018[6] - The gross profit for the six months ended June 30, 2019, was HKD 32,511,000, compared to HKD 7,764,000 for the same period in 2018[8] - The total comprehensive income for the six months ended June 30, 2019, was HKD 14,269,000, compared to a total comprehensive expense of HKD 5,468,000 for the same period in 2018[10] - The company reported a significant increase in the revenue from its financial technology services, which reached HKD 93,298 million as of June 30, 2019, compared to HKD 66,466 million as of December 31, 2018, reflecting a growth of approximately 40.4%[51] - The company’s rental income from apartment leasing business was HKD 39,165 million for the six months ended June 30, 2019, compared to HKD 16,653 million for the same period in 2018, indicating a growth of approximately 135.5%[51] Assets and Liabilities - The company's non-current assets as of June 30, 2019, amounted to HKD 35,058,000, compared to HKD 10,314,000 as of December 31, 2018[14] - The cash and bank balances as of June 30, 2019, were HKD 53,399,000, significantly up from HKD 18,369,000 as of December 31, 2018[14] - Current liabilities increased to HKD 39,129,000 from HKD 29,471,000, representing a 32.7% increase year-over-year[16] - Net current assets rose to HKD 79,695,000, up from HKD 67,869,000, indicating a 17.5% growth[16] - Total assets minus current liabilities increased to HKD 114,753,000 from HKD 78,183,000, reflecting a 46.5% increase[16] - Total liabilities as of June 30, 2019, were HKD 78,429 million, up from HKD 45,987 million as of December 31, 2018, reflecting an increase of approximately 70.8%[51] Cash Flow - Operating cash flow for the six months ended June 30, 2019, was HKD 16,549,000, compared to a cash outflow of HKD 21,398,000 in the same period last year[29] - The company reported a net cash inflow from investing activities of HKD 22,559,000, contrasting with a cash outflow of HKD 10,286,000 in the previous year[29] - Cash and cash equivalents at the end of the period reached HKD 53,399,000, compared to HKD 27,088,000, marking a 97.2% increase[29] Expenses - The company's administrative expenses for the six months ended June 30, 2019, were HKD 1,346,000, down from HKD 7,638,000 for the same period in 2018[8] - The company incurred income tax expenses of HKD (7,224) million for the six months ended June 30, 2019, compared to HKD (3,008) million for the same period in 2018, representing an increase of 140.5%[55] - The company’s financial costs for the six months ended June 30, 2019, totaled HKD 1,489 million, compared to HKD 1,081 million for the same period in 2018, marking an increase of approximately 37.8%[54] Shareholder Information - As of June 30, 2019, Mr. Sun Haitao held 1,834,963,213 shares, representing approximately 39.28% of the issued shares[91] - Major shareholders include 51 Credit Card Inc. and its affiliates, collectively holding 1,834,963,213 shares, which is 39.28% of the issued shares[96] Corporate Governance - The company has complied with all corporate governance codes as per GEM listing rules during the review period from January 1, 2019, to June 30, 2019, except for the separation of roles between the Chairman and CEO[102] - The company is currently seeking a suitable candidate to fill the CEO position to comply with corporate governance codes[103] - The audit committee has reviewed the interim results for the six months ending June 30, 2019, and confirmed that the reports comply with applicable accounting standards and GEM listing rules[107] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[62] - The fintech services business is expected to continue developing positively due to brand enhancement, user expansion, and experience accumulation[88] - The group aims to stabilize its apartment leasing business to strengthen its financial position[88] - Certain loss-making businesses may be reduced or terminated to focus resources on profitable operations, improving the group's financial status[88]

Financial Performance - The group reported unaudited revenue of approximately HKD 17,854,000 for the three months ended March 31, 2019, representing an increase of about 266% compared to HKD 4,877,000 for the same period in 2018[5]. - The unaudited consolidated profit attributable to the owners of the company was approximately HKD 8,200,000 for the three months ended March 31, 2019, compared to an unaudited consolidated loss of HKD 2,550,000 for the same period in 2018[5]. - The basic and diluted earnings per share for the three months ended March 31, 2019, was approximately HKD 0.18, compared to a loss per share of HKD 0.05 for the same period in 2018[5]. - The gross profit for the three months ended March 31, 2019, was HKD 12,775,000, compared to HKD 2,618,000 for the same period in 2018[7]. - The profit before tax for the three months ended March 31, 2019, was HKD 10,285,000, compared to a loss before tax of HKD 2,192,000 for the same period in 2018[7]. - The total comprehensive income for the period was HKD 9,004,000, compared to a total comprehensive expense of HKD 1,558,000 for the same period in 2018[9]. - The group recorded a foreign exchange gain of HKD 1,505,000 for the three months ended March 31, 2019, compared to HKD 1,082,000 for the same period in 2018[7]. - The revenue from credit introduction and service fees was HKD 14,761,000, compared to HKD 1,512,000 in 2018, indicating a year-over-year increase of about 877%[18]. - The group reported a profit attributable to owners of the company of HKD 8,200,000 for the three months ended March 31, 2019, compared to a loss of HKD 2,550,000 in the same period of 2018[26]. Expenses and Liabilities - The administrative expenses for the three months ended March 31, 2019, were HKD 2,038,000, compared to HKD 1,199,000 for the same period in 2018[7]. - The financial costs for the three months ended March 31, 2019, were HKD 700,000, compared to HKD 702,000 for the same period in 2018[7]. - The total income tax expense for the three months ended March 31, 2019, was HKD (2,786,000), compared to HKD (448,000) in 2018, indicating an increase in tax liabilities[20]. - The group recognized a depreciation expense of HKD 2,294,000 for right-of-use assets during the three months ended March 31, 2019[24]. - The group’s total liabilities increased due to the recognition of lease liabilities under HKFRS 16, impacting the financial position as of January 1, 2019[17]. Business Segments Performance - The financial technology services business facilitated loan transactions amounting to approximately RMB 260 million, generating revenue of about HKD 14,761,000 for the three months ended March 31, 2019, compared to HKD 1,512,000 for the same period in 2018, representing a significant increase[34]. - The apartment leasing business recorded revenue of approximately HKD 2,371,000 for the three months ended March 31, 2019, with 609 out of 821 rooms successfully leased, while there was no revenue reported for the same period in 2018[35]. - The smart wearable devices segment generated sales revenue of approximately HKD 9,000 and HKD 14,000 from smart glasses and health smart bands, respectively, for the three months ended March 31, 2019, down from HKD 195,000 and HKD 2,461,000 in the same period of 2018, indicating a decline in market performance[36]. - The lottery business recorded revenue of approximately HKD 145,000 for the three months ended March 31, 2019, compared to HKD 190,000 for the same period in 2018, reflecting a decrease due to intensified market competition and government regulations[38]. - The sports training business achieved revenue of approximately HKD 554,000 for the three months ended March 31, 2019, slightly up from HKD 519,000 in the same period of 2018, indicating stable operations[39]. Corporate Governance and Structure - The group has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2019, but these did not have a significant impact on the financial performance for the period[15]. - The company has complied with all corporate governance codes except for the separation of the roles of Chairman and CEO, which are currently held by Sun Mr.[57]. - The company is in the process of identifying a suitable candidate to fill the CEO position to comply with corporate governance standards[58]. - The audit committee reviewed the group's performance for the first quarter ending March 31, 2019, and confirmed that the financial statements comply with applicable accounting standards and GEM listing rules[61]. - The company has maintained high standards of corporate governance to enhance transparency and protect shareholder interests[57]. - There were no significant competitive interests held by directors or controlling shareholders during the review period[62]. Shareholder Information - As of March 31, 2019, the total number of issued ordinary shares was 4,671,035,048, unchanged from the same date in 2018[42]. - The group’s capital structure primarily consists of convertible bonds and equity attributable to shareholders, with convertible bonds maturing on August 26, 2020[42]. - As of March 31, 2019, major shareholders hold approximately 39.28% of the issued shares of 51 Credit Card Company, totaling 1,834,963,213 shares[52]. - Wang Yonghua holds approximately 47.10% of the issued shares, totaling 2,199,963,213 shares[52]. - The company has a total of 120,076,000 shares held by Rising Sun Limited, representing 10.05% of the issued shares[49]. - The company has a total of 387,756,522 shares held through different voting proxies, representing 32.46% of the issued shares[49]. Other Information - The group plans to continue expanding its financial technology services and stabilize its apartment leasing business while closely monitoring the smart wearable devices and lottery businesses for potential strategic adjustments[43]. - No purchases, sales, or redemptions of listed securities were made by the company or its subsidiaries during the three months ending March 31, 2019[63].