Financial Performance - The group's unaudited consolidated revenue from continuing operations for the six months ended June 30, 2024, was approximately HKD 22,541,000, representing an increase of about 129% compared to HKD 9,850,000 for the same period in 2023[4] - The unaudited consolidated loss attributable to owners from continuing and discontinued operations for the six months ended June 30, 2024, was approximately HKD 3,402,000, compared to a loss of HKD 4,396,000 for the same period in 2023[4] - The basic and diluted loss per share from continuing and discontinued operations for the six months ended June 30, 2024, was approximately HKD 0.07, an improvement from HKD 0.09 for the same period in 2023[4] - The gross profit for the six months ended June 30, 2024, was approximately HKD 6,114,000, compared to HKD 1,800,000 for the same period in 2023[6] - The total comprehensive loss for the period was approximately HKD 4,098,000, compared to HKD 5,666,000 for the same period in 2023[7] - The group recorded a pre-tax loss of approximately HKD 4,106,000 for the six months ended June 30, 2024, compared to a pre-tax loss of HKD 5,620,000 for the same period in 2023[6] - The company did not recommend the payment of any interim dividend for the six months ended June 30, 2024, consistent with the previous year[4] Assets and Liabilities - As of June 30, 2024, the total assets decreased to HKD 24,777 million from HKD 31,467 million in 2023, representing a decline of approximately 21.3%[8] - The company's cash and bank balances decreased to HKD 17,225 million from HKD 20,516 million, a reduction of about 16.5% year-over-year[11] - Non-current liabilities decreased from HKD 247 million in 2023 to HKD 109 million in 2024, a reduction of approximately 55.8%[9] - The company's equity attributable to owners decreased to HKD 14,976 million from HKD 18,382 million, reflecting a decline of about 18.5%[9] - The total current liabilities decreased to HKD 12,151 million from HKD 15,259 million, a decrease of approximately 20.5%[8] - The total equity as of June 30, 2024, was HKD 13,022 million, down from HKD 17,120 million in 2023, indicating a decrease of approximately 24%[9] - As of June 30, 2024, the group had total assets of approximately HKD 25,282,000 and total liabilities of approximately HKD 12,260,000, resulting in a debt-to-asset ratio of zero[37] Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2024, was HKD 170 million, a significant improvement compared to a cash outflow of HKD 7,646 million in the same period of 2023[11] - The net cash used in investing activities was HKD 704 million, compared to a cash inflow of HKD 192 million in the same period of 2023[11] - The group reported a net foreign exchange gain of HKD 219,000 for the six months ended June 30, 2024, compared to a loss of HKD 568,000 in the same period of 2023[21] Business Operations - The group has terminated its lottery business, focusing solely on smart retail services, which include digital transformation solutions and integrated software services for retail enterprises[14] - The group plans to focus on its smart retail business, including cloud services and system development, to drive future growth[44] - The group will continue to monitor market trends and consumer demands while exploring opportunities in flexible supply chains and new retail[44] Corporate Governance - The board of directors confirmed the accuracy and completeness of the information provided in the announcement, ensuring no misleading or fraudulent elements were present[2] - The company has complied with all provisions of the corporate governance code, except for the separation of the roles of Chairman and CEO, which are currently held by the same individual[50][51] - The audit committee has reviewed the unaudited consolidated results for the six months ended June 30, 2024, and found no discrepancies in the accounting treatment[53] Shareholder Information - As of June 30, 2024, the total number of issued shares for 51 Credit Card is 1,358,320,188, with major shareholders holding approximately 39.16% of the shares[47] - The beneficial owner, Mr. Zuo Lei, holds 515,665,000 shares, representing 11.00% of the total issued shares[47] Other Financial Information - The company incurred a loss provision for trade and other receivables amounting to HKD 4,846,000 for the six months ended June 30, 2024, compared to HKD 251,000 in the same period of 2023, indicating a substantial increase in provisions[21] - Trade and other receivables totaled HKD 6,628,000 as of June 30, 2024, down from HKD 13,427,000 as of December 31, 2023, representing a decrease of approximately 51%[29] - Trade payables amounted to HKD 11,015,000 as of June 30, 2024, compared to HKD 13,013,000 as of December 31, 2023, reflecting a decrease of about 15%[30] - The company’s depreciation expense for property, plant, and equipment was HKD 3,000 for the six months ended June 30, 2024, down from HKD 10,000 in the same period of 2023[28] - The company’s administrative expenses before tax loss were reported as HKD (197,000) for the six months ended June 30, 2024, compared to HKD (196,000) in the same period of 2023, indicating a slight increase[23] - The total employee cost, including directors' remuneration, was approximately HKD 2.7 million for the six months ended June 30, 2024, compared to HKD 6.5 million for the same period in 2023[43] - The group has not made any significant investments or acquisitions during the six months ended June 30, 2024[39] - The group has not recognized any significant deferred tax liabilities as of June 30, 2024, and has not made provisions for Hong Kong profits tax due to no taxable profits generated[20] - The group has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2024, but these changes did not significantly impact the financial results[12] - The group is currently evaluating the impact of newly issued financial reporting standards that have been announced but are not yet effective[12] - No purchases, sales, or redemptions of the company's listed securities occurred during the six months ended June 30, 2024[55]

Business Performance - The Group's smart retail business generated revenue of approximately HK$22,011,000 for the year ended 31 December 2023, a decrease of approximately 18.5% from HK$27,071,000 in 2022[26]. - The operating loss for the smart retail business was approximately HK$3,316,000 in 2023, compared to an operating loss of approximately HK$2,832,000 in 2022[26]. - The Group's consolidated revenue for the year ended 31 December 2023 amounted to approximately HK$22,011,000, representing a year-on-year decrease of approximately 20%[34]. - Loss attributable to owners of the Company amounted to approximately HK$10,108,000 for the year ended 31 December 2023, an increase of approximately 4% compared to HK$9,746,000 in 2022[41]. - The Group's discontinued operations, including the lottery, financial technology services, and sports training businesses, incurred a loss attributable to owners of approximately HK$1,620,000 for the year ended 31 December 2023[35]. Business Strategy and Future Outlook - The Group focused on developing its smart retail business and preparing for new businesses in 2023[18]. - The application of artificial intelligence and augmented reality technologies has increased, driving demand for smart retail solutions[18]. - The Group aims to formulate flexible business strategies to seize opportunities arising from market changes[19]. - The management expressed confidence in the prospects of the smart retail business despite challenging conditions[18]. - The Group plans to continue its business growth driven by its smart retail business, focusing on cloud services and system development[65]. Financial Position - As of 31 December 2023, the Group recorded total assets of approximately HK$32,777,000, a decrease from approximately HK$41,364,000 in 2022[44]. - The current ratio of the Group as of 31 December 2023 was approximately 2, down from approximately 3 in 2022[44]. - As of December 31, 2023, the Group's total assets were approximately HK$32,777,000, down from HK$41,364,000 in 2022, while total liabilities increased to approximately HK$15,657,000 from HK$13,637,000 in 2022[49]. - The equity attributable to owners of the Company was approximately HK$18,382,000 as of December 31, 2023, down from HK$27,396,000 in 2022[52]. Dividend Policy - The Board does not recommend the payment of any dividend for the year ended 31 December 2023[43]. - The Board has adopted a Dividend Policy aimed at allowing shareholders to participate in profits while preserving liquidity for future growth opportunities[97]. - No dividend is recommended for the year ended December 31, 2023, consistent with the previous year[99]. - The financial performance and position of the Company will influence the ability to pay dividends[98]. - The Board may consider declaring special dividends in addition to interim and/or final dividends[98]. Employee and Environmental Practices - The Group thanked employees, management, customers, and business partners for their continued support[20]. - The total staff cost for the year ended December 31, 2023, was approximately HK$11,850,000, a decrease from approximately HK$14,168,000 in 2022[66]. - The Group encourages environmental protection and has implemented green office practices, such as using recycled paper and reducing energy consumption[109]. - The Group's environmental performance was satisfactory, with efforts to reduce greenhouse gas emissions noted for the year ended December 31, 2023[105]. Compliance and Governance - The Audit Committee reviewed the financial statements and accounting practices prior to recommending the annual consolidated results for the year ended December 31, 2023, to the Board for approval[114]. - The Group maintained compliance with applicable laws and regulations during the year, with no material breaches reported[107]. - The company has complied with the disclosure requirements in accordance with Chapter 20 of the GEM Listing Rules[199]. Shareholder Information - The total number of issued shares remained at 4,686,048,381 as of December 31, 2023, unchanged from 2022[52]. - The largest customer accounted for 21% of the Group's total sales, while the five largest customers combined represented 50%[154]. - The largest supplier contributed to 32% of the Group's total purchases, and the five largest suppliers combined accounted for 75%[154]. - The total long position held by Mr. Sun and associated entities in 51 Credit Card amounts to 301,222,736 shares, accounting for approximately 22.18% of the issued shares[183].

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].

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2022年12月31日止年度之 年度業績公告 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2022年12月31日止年度之經審核綜合業績。本公告列載本公司截 至2022年12月31日止年度報告全文（「2022年年度報告」），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」）中有關年度業績初步公 告附載的資料之要求。本公司2022年年度報告的印刷版本將於2023年3月31日或 之前寄發予本公司股東，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3月21日 ...