Financial Performance - For the year ended December 31, 2023, the company's revenue was RMB 70,377,000, a decrease of 17.2% compared to RMB 84,949,000 in 2022[4] - The gross profit for the year was RMB 14,574,000, representing a gross margin of 20.8%, an increase from RMB 12,700,000 in the previous year[4] - The company reported a loss before tax of RMB 8,264,000, significantly improved from a loss of RMB 18,381,000 in 2022[4] - Basic and diluted loss per share for the year was RMB 0.63, compared to RMB 1.40 in the previous year, indicating a reduction in loss per share[4] - The company’s revenue from hardware product sales was RMB 422,000, a decrease from RMB 2,974,000 in the previous year, indicating a decline of approximately 85.8%[20] - The company recognized a loss of RMB 4,819,000 from its segments for the year ended December 31, 2023, compared to a loss of RMB 8,378,000 in 2022[31] - The company recorded a loss of approximately RMB 8,264,000 for the year ended December 31, 2023, a reduction of 55% compared to a loss of RMB 18,381,000 in 2022[53][61] Revenue Breakdown - Total revenue for the year ended December 31, 2023, was RMB 70,377,000, a decrease from RMB 84,949,000 in the previous year, representing a decline of approximately 17.2%[20] - Software product sales amounted to RMB 2,866,000, down from RMB 4,395,000 in the previous year, reflecting a decrease of about 34.7%[20] - Technical support service revenue was RMB 67,089,000, which accounted for 95.4% of total revenue, compared to RMB 77,580,000 in the previous year[20] - The company provided outsourced financial services to banking clients, generating RMB 54,769,000 in revenue, and developed, installed, and maintained payment software services, contributing RMB 12,320,000[20] - Software product sales revenue for the year ended December 31, 2023, was RMB 2,866,000, while hardware product sales revenue was RMB 422,000, contributing to total sales revenue of RMB 70,377,000[31] Assets and Liabilities - Total assets decreased to RMB 61,549,000 from RMB 86,047,000 in 2022, reflecting a decline of 28.4%[6] - Current liabilities were reduced to RMB 12,751,000 from RMB 31,571,000, a decrease of 59.5%[6] - The total equity of the company decreased to RMB 31,190,000 from RMB 39,454,000, a decline of 21.0%[8] - The company’s cash and cash equivalents decreased to RMB 35,107,000 from RMB 54,896,000, a drop of 36.2%[6] - Accounts receivable decreased from RMB 30,147,000 in 2022 to RMB 24,204,000 in 2023, reflecting a reduction in trade receivables[10] - Accounts payable decreased from RMB 12,625,000 in 2022 to RMB 10,109,000 in 2023, indicating improved cash flow management[47] - Total borrowings as of December 31, 2023, were approximately RMB 26,919,000, down 37.1% from RMB 42,785,000 in 2022, primarily due to reduced bank loans[64] Cash Flow and Financial Ratios - The net cash outflow for the year was approximately RMB 19,789,000, compared to a net cash inflow of RMB 9,920,000 in 2022[65] - The current ratio as of December 31, 2023, was approximately 4.8 times, up from 2.7 times in 2022[65] - The debt-to-asset ratio as of December 31, 2023, was approximately 55.7%, down from 58.8% in 2022, indicating an improvement in financial stability[69] Employee and Operational Costs - The company reported a total employee cost of RMB 61,375,000 for the year ended December 31, 2023, down from RMB 80,279,000 in 2022[40] - Employee costs for the year were approximately RMB 61,375,000, down from RMB 80,279,000 in 2022, reflecting a reduction in workforce from 767 to 622 employees[74] - Depreciation of property, plant, and equipment for the year ended December 31, 2023, was RMB 830,000, compared to RMB 987,000 in 2022[33] - The financing costs for the year ended December 31, 2023, were RMB 1,124,000, slightly higher than RMB 1,113,000 in 2022[38] Corporate Governance and Compliance - The company has no direct controlling shareholder following the resignation of the former chairman and executive director, Mr. Xiong Rongli, in November 2022[12] - The company confirmed compliance with GEM listing rules regarding public float as of the announcement date[88] - The company has adhered to corporate governance principles and codes, with a focus on internal controls and fair disclosure, except for deviations noted in the corporate governance report[90] - There were no known violations of the securities trading code by directors during the fiscal year ending December 31, 2023[91] - Deloitte has agreed that the preliminary financial data aligns with the audited financial statements for the year ending December 31, 2023[92] - The audited financial statements were reviewed by the Audit and Risk Management Committee before being submitted to the board for approval[94] Future Outlook and Strategy - The company plans to enhance its payment products and deepen customer cooperation in the fintech sector, leveraging opportunities from the promotion of digital currency and big data applications[55] - The company has optimized its operational structure to improve profitability, including terminating underperforming contracts and focusing on high-margin business clients[53] - The company aims to create value for users by innovating and enhancing service offerings in collaboration with financial clients[55]

Financial Performance - For the nine months ended September 30, 2023, the company reported a total revenue of RMB 34,694,000, a decrease of 10.0% compared to RMB 38,626,000 for the same period in 2022[9] - The gross loss for the nine months ended September 30, 2023, was RMB 6,883,000, improving from a gross loss of RMB 19,474,000 in the same period of 2022[9] - The company incurred a total comprehensive loss of RMB 22,803,000 for the nine months ended September 30, 2023, compared to a loss of RMB 35,263,000 for the same period in 2022, indicating a reduction in losses by approximately 35.4%[9] - Basic and diluted loss per share for the nine months ended September 30, 2023, was RMB 1.73, an improvement from RMB 2.68 in the same period of 2022[9] - The company reported a total other income of RMB 984,000 for the nine months ended September 30, 2023, down from RMB 1,248,000 in the same period of 2022[9] - The net loss for the nine months ended September 30, 2023, was approximately RMB 22,803,000, a decrease of 35% compared to RMB 35,263,000 for the same period in 2022[25] Expenses and Cost Management - Distribution and selling expenses decreased to RMB 3,125,000 for the nine months ended September 30, 2023, from RMB 3,993,000 in the same period of 2022, reflecting a reduction of approximately 21.8%[9] - Management expenses remained relatively stable at RMB 11,467,000 for the nine months ended September 30, 2023, compared to RMB 11,001,000 in the same period of 2022[9] - Distribution and selling expenses decreased by 22% to approximately RMB 3,125,000 for the nine months ended September 30, 2023, compared to RMB 3,993,000 in the same period of 2022, due to effective cost-saving measures[25] - The cost of sales for the nine months ended September 30, 2023, was approximately RMB 41,577,000, down 28% from RMB 58,100,000 in the same period of 2022[24] Equity and Dividends - The company’s total equity as of September 30, 2023, was RMB 16,651,000, a decrease from RMB 51,980,000 as of January 1, 2022[10] - The company has not declared any dividends due to the accumulated losses exceeding the total equity[10] - The company did not recommend the payment of dividends for the nine months ended September 30, 2023, consistent with the previous year[22] Strategic Initiatives - The company continues to explore new strategies for market expansion and product development to enhance future performance[9] - The company plans to enhance marketing efforts while continuing to implement cost-saving measures, expecting further improvement in performance in the upcoming quarter[25] - Future product innovations will focus on new technologies, addressing customer pain points, and adapting to the competitive environment, while maintaining strict cost control and risk monitoring[30] Stock Options and Share Capital - As of September 30, 2023, Mr. Lin Hsueh-Hsin holds a total equity of 123,552,682 shares, representing 9.38% of the company's issued share capital[37] - Mr. Hsiung Ying holds a total equity of 18,410,322 shares, representing 1.40% of the company's issued share capital[37] - The company's stock option plan allows for the issuance of up to 81,184,000 shares, which is approximately 10% of the issued share capital as of the special general meeting date[39] - An additional authorization allows for the issuance of 86,443,000 shares under the stock option plan, also approximately 10% of the issued share capital as of the annual general meeting date[40] - The stock option plan was updated to allow for the issuance of 61,032,000 shares, representing about 6.95% of the issued share capital as of the annual general meeting date[42] - The total number of unexercised stock options as of September 30, 2023, is 65,413,599 shares, after accounting for 5,915,500 shares that have lapsed[49] Corporate Governance - The company has complied with the GEM Listing Rules regarding directors' securities transactions during the nine months ending September 30, 2023[56] - The Audit and Risk Management Committee reviewed the unaudited results for the nine months ending September 30, 2023, and confirmed compliance with applicable accounting standards[60] - There have been no competitive or conflict of interest activities involving directors or major shareholders during the nine months ending September 30, 2023[53] - The company is actively seeking a suitable candidate to fill the CEO position, which has been vacant since November 1, 2022[54] - The Compensation Committee is responsible for reviewing the remuneration policies for directors and senior management[57] - The Nomination Committee is tasked with developing nomination policies and reviewing the board diversity policy[58] Market and Regulatory Environment - The group reported a decline in bank revenues due to the implementation of cost-reduction policies, impacting the operational costs for the real economy and financial consumers[27] - The group aims to provide targeted solutions through products like SAAS, UPAY, and micro-cloud stores, enhancing customer service despite challenges in contract signing and payment collection in Q3[27] - The People's Bank of China's Document No. 259 emphasizes regulatory reforms in the acquiring market, with payment institutions required to complete non-standard merchant transformations by May and onboarding of new merchants by September 30, 2023[27] - The group is actively participating in the digital system upgrade projects, achieving joint certification from the General Software and Hardware Adaptation Certification Center, with two cooperative clients onboarded in Q3[28]

（於百慕達註冊成立的有限公司） （股份代號：8076） 截至二零二三年九月三十日止九個月的 第三季度業績公佈 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在主板上市的公司 帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並經過審慎周詳考 慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣的證券承受 更大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 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佈的內容概不負責，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佈全部或任何部份內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 本公佈乃遵照香港聯合交易所有限公司的GEM證券上市規則之規定而提供有關新利軟件（集 團）股份有限公司（「本公司」）之資料。本公司各董事（「董事」）願就本公佈所載內容共同及 個別承擔全部責任。董事在作出一切合理查詢後，確認就彼等所知及所信：本公佈所載資料 在各重大方面均屬準確及完整，且無誤導或欺詐成份；本公佈並無 ...

Financial Performance - For the six months ended June 30, 2023, the company reported sales revenue of RMB 23,055,000, an increase of 18.0% compared to RMB 19,458,000 for the same period in 2022[10] - The gross loss for the six months ended June 30, 2023, was RMB 5,104,000, improving from a gross loss of RMB 19,629,000 in the same period of 2022[10] - The company incurred a loss before tax of RMB 16,512,000 for the six months ended June 30, 2023, a reduction of 45.3% compared to RMB 30,178,000 for the same period in 2022[10] - The total comprehensive loss for the six months ended June 30, 2023, was RMB (16,512,000), while for the same period in 2022, it was RMB (30,178,000), indicating a 45.2% reduction in losses[26] - The company reported a basic and diluted loss per share of RMB 1.25 for the six months ended June 30, 2023, compared to RMB 2.29 for the same period in 2022[10] - The company recorded a loss of approximately RMB 16,512,000 for the six months ended June 30, 2023, a decrease of 45% from RMB 30,178,000 in the same period last year, mainly due to increased revenue and reduced overall employee costs[63] - For the six months ended June 30, 2023, the company reported a total loss attributable to owners of RMB 16,512,000, compared to a loss of RMB 30,178,000 for the same period in 2022, representing a 45.5% improvement[41] Cash Flow and Liquidity - The net cash balance decreased to RMB 24,344,000 as of June 30, 2023, down from RMB 54,896,000 at the end of 2022[12] - The net cash used in operating activities for the six months ended June 30, 2023, was RMB (16,209,000), compared to RMB (25,567,000) for the same period in 2022, representing a 36.5% improvement[19] - The cash and cash equivalents at the end of June 30, 2023, were RMB 24,344,000, an increase from RMB 21,013,000 at the end of June 30, 2022[19] - The current ratio as of June 30, 2023, was approximately 4.4 times, up from 2.7 times as of December 31, 2022, indicating improved liquidity[69] Assets and Liabilities - Total assets less current liabilities decreased to RMB 49,414,000 as of June 30, 2023, compared to RMB 64,239,000 at the end of 2022[12] - The company's total equity decreased to RMB 22,942,000 as of June 30, 2023, down from RMB 39,454,000 at the end of 2022[14] - The total equity as of June 30, 2023, was RMB 22,942,000, down from RMB 51,980,000 as of January 1, 2022, reflecting a decrease of 56.1%[16] - The company's accumulated losses increased to RMB (190,290,000) as of June 30, 2023, from RMB (186,115,000) as of June 30, 2022[16] - The group's debt as of June 30, 2023, totaled RMB 29,950,000, down from RMB 42,785,000 as of December 31, 2022, reflecting a reduction in borrowings[70] - The debt-to-asset ratio as of June 30, 2023, was approximately 63%, an increase from 59% as of December 31, 2022, indicating a higher proportion of debt in the capital structure[73] Revenue Breakdown - For the six months ended June 30, 2023, the total revenue from software products was RMB 1,694,000, hardware products was RMB 213,000, and support services was RMB 21,148,000, totaling RMB 23,055,000[26] - The total sales revenue for the hardware products segment decreased from RMB 307,000 in 2022 to RMB 213,000 in 2023, a decline of 30.6%[26] Operational Strategies - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[10] - The company is actively investing in new technology development to improve operational efficiency and product quality[10] - The management is exploring potential mergers and acquisitions to accelerate growth and market expansion[10] - The group plans to continue strict cost control and enhance risk monitoring across all business areas to achieve a positive cycle of "increasing revenue and reducing expenditure"[67] - The group aims to develop new service offerings and payment scenarios targeting small and medium-sized merchants, which will be a key source of data for future growth[67] Shareholder Information - As of June 30, 2023, the company has a total of 123,552,682 shares held by Mr. Lin, representing 9.38% of the total issued share capital[90] - Mr. Xiong holds 18,410,322 shares, which includes 14,547,500 shares and 3,862,822 options, accounting for 1.40% of the total issued share capital[90] - The company has authorized a new stock option plan allowing for the issuance of up to 81,184,000 shares, which is approximately 10% of the issued share capital as of the special meeting date[92] Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules, with a focus on filling the CEO position after the resignation of the previous CEO[104] - Changes in the board of directors included the appointment of new executive directors and the resignation of others effective April 1, 2023[105][107] - The Audit and Risk Management Committee reviewed the unaudited results for the six months ending June 30, 2023, and confirmed compliance with applicable accounting standards and regulations[111]

（於百慕達註冊成立的有限公司） （股份代號：8076） 截至二零二三年六月三十日止六個月的 中期業績公佈 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在主板上市的公司 帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並經過審慎周詳考 慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣的證券承受 更大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 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佈的內容概不負責，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佈全部或任何部份內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 本公佈乃遵照香港聯合交易所有限公司的GEM證券上市規則之規定而提供有關新利軟件（集 團）股份有限公司（「本公司」）之資料。本公司各董事（「董事」）願就本公佈所載內容共同及 個別承擔全部責任。董事在作出一切合理查詢後，確認就彼等所知及所信：本公佈所載資料 在各重大方面均屬準確及完整，且無誤導或欺詐成份；本公佈並無遺漏 ...

Financial Performance - The company reported sales revenue of RMB 9,723,000 for the three months ended March 31, 2023, representing a 81.5% increase compared to RMB 5,364,000 in the same period of 2022[9]. - The cost of sales and services decreased to RMB 14,925,000 from RMB 20,422,000, resulting in a gross loss of RMB 5,202,000, an improvement from a gross loss of RMB 15,058,000 year-over-year[9]. - The company incurred a pre-tax loss of RMB 9,656,000, significantly reduced from a loss of RMB 21,107,000 in the previous year, indicating a 54.3% improvement[9]. - Basic and diluted loss per share improved to RMB 0.73 from RMB 1.60, reflecting a 54.4% reduction in loss per share[9]. - Total comprehensive loss for the period was RMB 9,656,000, compared to RMB 21,107,000 for the same period last year, showing a substantial decrease[9]. - The company reported other income of RMB 418,000, up from RMB 169,000, indicating a 147.3% increase[9]. - Distribution and selling expenses decreased to RMB 1,251,000 from RMB 2,001,000, a reduction of 37.5%[9]. - Management expenses also decreased to RMB 3,650,000 from RMB 4,376,000, reflecting a 16.6% reduction[9]. - The company recorded sales revenue of approximately RMB 9,723,000 for the three months ended March 31, 2023, representing an increase of about 81% compared to RMB 5,364,000 for the same period last year[24]. - The cost of sales and services decreased by approximately 27% to RMB 14,925,000 for the three months ended March 31, 2023, down from RMB 20,422,000 in the previous year, primarily due to a reduction in employee costs[24]. - Management expenses were approximately RMB 3,650,000, a decrease of about 17% from RMB 4,376,000 for the same period last year, also attributed to lower employee costs[25]. - Distribution and selling expenses decreased by approximately 37% to RMB 1,251,000 from RMB 2,001,000 in the previous year, due to effective cost-saving measures implemented by the company[25]. - The company reported a loss of approximately RMB 9,656,000 for the three months ended March 31, 2023, a decrease of about 54% from a loss of RMB 21,107,000 in the same period last year, driven by increased sales revenue and reduced employee costs[25]. - Financing costs increased by approximately 11% to RMB 315,000 from RMB 285,000 in the previous year, primarily due to increased borrowing[25]. - The company does not recommend the payment of dividends for the three months ended March 31, 2023, consistent with the previous year[22]. Strategic Initiatives - The company plans to continue enhancing marketing efforts while implementing cost-saving measures, expecting improved performance in the upcoming quarter as products mature in the market[26]. - The company implemented organizational restructuring to enhance decision-making speed and innovation promotion, focusing on market, operations, and management centers[28]. - The core business remains focused on payment and business outsourcing, with an emphasis on reducing customer costs and improving customer experience[30]. - The company aims to accelerate product innovation and capitalize on opportunities from digital currency promotion and economic recovery[30]. - The company plans to strictly control costs and enhance risk monitoring across all business areas to achieve a positive cycle of "increasing revenue and reducing expenditure"[30]. - The company is expanding its service categories and deepening regional cooperation to enhance its core competitive advantages in business outsourcing[28]. Shareholder Information - Major shareholders include Goldcorp Industrial Limited and Great Song Enterprises Limited, each holding 10.35% of the company's shares[32]. - The company has a significant number of stock options held by key individuals, including 4,992,682 options held by Mr. Lin Xuexin and 5,915,500 options held by Mr. Li Dong[34]. - The total equity held by Mr. Lin Xuexin amounts to 123,552,682 shares, representing 9.38% of the total issued share capital[35]. Corporate Governance - The company has made changes to its board of directors, including the resignation of two directors and the appointment of three new executive directors effective April 1, 2023[53]. - The company has established a remuneration committee to review the remuneration policies for directors and senior management, with changes in leadership effective April 1, 2023[56]. - The company has a nomination committee responsible for developing nomination policies and reviewing board diversity, with changes in membership effective April 1, 2023[57]. - The company has complied with the GEM Listing Rules regarding directors' securities transactions, with no known violations during the reporting period[55]. - There were no competitive or conflict of interest activities involving directors, management shareholders, or their associates during the three months ended March 31, 2023[50]. - The Audit and Risk Management Committee was established on August 27, 2001, in accordance with GEM Listing Rules[59]. - As of April 1, 2023, Mr. Pu Bingrong resigned as Chairman of the Audit and Risk Management Committee and was appointed as a member[59]. - Mr. Chen Zengwu has been appointed as the new Chairman of the Audit and Risk Management Committee[59]. - The committee reviewed the unaudited performance for the three months ending March 31, 2023, and confirmed compliance with applicable accounting standards[59]. Share Options - The company has authorized a total of 81,184,000 share options under the new plan, representing approximately 10% of the issued share capital as of the special general meeting date[38]. - An additional 86,443,000 share options have been authorized under the updated plan, also representing about 10% of the issued share capital as of the annual general meeting date[39]. - The company has authorized 61,032,000 share options under the updated plan, which accounts for approximately 6.95% of the issued share capital as of the annual general meeting date[41]. - The company granted 47,550,000 share options at an exercise price of HKD 0.368 per share on October 9, 2007[42]. - The company granted 20,900,000 share options at an exercise price of HKD 0.20 per share on January 19, 2010[42]. - The company granted 8,990,000 share options at an exercise price of HKD 0.84 per share on August 16, 2010[44]. - The company granted 65,000,000 share options at an exercise price of HKD 0.730 per share on January 10, 2011[44]. - The company granted 19,260,000 share options at an exercise price of HKD 0.714 per share on January 13, 2011[45]. - The company granted 59,780,000 share options at an exercise price of HKD 0.1122 per share on June 24, 2013[45]. - The company granted 86,440,000 share options at an exercise price of HKD 0.182 per share on April 7, 2017[45]. - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[49]. - The company has adjusted the exercise prices and number of share options granted to reflect the impact of the rights issue as of December 31, 2019, totaling 71,329,099 unexercised options[47].

（於百慕達註冊成立的有限公司） （股份代號：8076） 截至二零二三年三月三十一日止三個月的 第一季度業績公佈 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在主板上市的公司 帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並經過審慎周詳考 慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣的證券承受 更大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 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佈的內容概不負責，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佈全部或任何部份內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 本公佈乃遵照香港聯合交易所有限公司的GEM證券上市規則之規定而提供有關新利軟件（集 團）股份有限公司（「本公司」）之資料。本公司各董事（「董事」）願就本公佈所載內容共同及 個別承擔全部責任。董事在作出一切合理查詢後，確認就彼等所知及所信：本公佈所載資料 在各重大方面均屬準確及完整，且無誤導或欺詐成份；本公佈並 ...

Financial Performance - The Group's annual sales revenue decreased by 10% compared to the previous year, while overall costs decreased by 18%[20] - The annual loss increased by 34% compared to the same period last year, primarily due to a share-based payment recognition of RMB 5,855,000[20] - The Group recorded total revenue of approximately RMB 84,949,000 for the year ended December 31, 2022, a decrease of 10% compared to RMB 94,408,000 in 2021[33] - The Group's loss for the year ended December 31, 2022, amounted to approximately RMB 18,381,000, representing a 34% increase compared to RMB 13,768,000 in 2021[43] - Revenue for the year ended December 31, 2022, was RMB 84,949,000, a decrease of 10% compared to RMB 94,408,000 in 2021[135] - The loss attributable to shareholders for the year ended December 31, 2022, was RMB 18,381,000, compared to a loss of RMB 13,768,000 in 2021[135] Cost Management - The cost of sales decreased by 23% to approximately RMB 72,249,000 in 2022, down from RMB 93,492,000 in 2021, resulting in an overall gross profit margin of approximately 15%[37] - Administrative expenses increased by 46% to approximately RMB 21,399,000 in 2022, primarily due to share-based payment expenses of approximately RMB 5,855,000[41] - The Group plans to improve financial results in the coming year through increased sales and effective cost control measures[54] Operational Strategy - The Group is preparing for the end of the pandemic in 2023 by developing a long-term strategy and optimizing the Board's age structure[21] - Various measures were adopted to minimize operational impacts, including optimizing the operational structure and expanding the online product portfolio[22] - The Group enhanced efficiency and fine-tuned the revenue structure to strengthen operations during a challenging economic environment[19] - The Group implemented various measures to mitigate business impact during the pandemic, including optimizing operational structure and expanding online product offerings[25] Revenue Sources - Revenue from technical support services accounted for 91% of total Group revenue in 2022, down from 92% in 2021[73] - The Group's revenue from technical support services, which constitutes the majority of total revenue, decreased by 10% compared to the previous year[36] - For the year ended December 31, 2022, revenue from software product sales decreased by approximately 13% and revenue from technical support services decreased by approximately 10% compared to the same period last year, primarily due to a decrease in contracts[80] - Revenue from related hardware product sales increased by approximately 5% compared to the same period last year, driven by an increase in contracts[80] Assets and Liabilities - Total assets as of December 31, 2022, were RMB 95,810,000, down from RMB 100,082,000 in 2021, reflecting a decrease of approximately 2.5%[135] - Total liabilities increased to RMB 56,356,000 in 2022 from RMB 48,102,000 in 2021, representing a rise of about 17%[135] - Net assets decreased to RMB 39,454,000 in 2022 from RMB 51,980,000 in 2021, indicating a decline of approximately 24%[135] Employee and Staffing - As of December 31, 2022, the Group had 767 employees, down from 1,008 employees in 2021, with total staff costs amounting to approximately RMB 80,279,000, compared to approximately RMB 84,602,000 in 2021[82] - The Group aims to attract and retain key personnel by offering attractive remuneration packages[122] Risk Management - Management will regularly identify and assess key operational exposures to implement appropriate risk responses[119] - The Group's credit exposure management will continue to be exercised with due care, given the credit period granted to customers ranges from 120 to 180 days[49] - The Group's management monitors liquidity risk by maintaining an adequate level of cash and cash equivalents to finance operations and reduce cash flow fluctuations[114] Shareholder Information - The directors do not recommend the payment of dividends for the year ended 31 December 2022[156] - As of December 31, 2022, the company had no reserves available for distribution to shareholders, consistent with the previous year[180] - Goldcorp Industrial Limited holds 136,307,500 shares, representing 10.35% of the company's total shareholding[186] - Mdm Iu Pun, as the spouse of Mr. Hung Yung Lai, has an interest in 174,840,000 shares, accounting for 13.27% of the total shareholding[186] Compliance and Governance - There were no incidents of non-compliance with relevant laws and regulations that significantly impacted the Group's business during 2022[166] - The report indicates that all interests and positions are in compliance with the relevant regulations[192]

Financial Performance - For the six months ended June 30, 2022, the company reported sales revenue of RMB 19,458,000, a decrease of 37.3% compared to RMB 31,038,000 for the same period in 2021[11] - The cost of sales and services for the same period was RMB 39,087,000, resulting in a gross loss of RMB 19,629,000, compared to a gross loss of RMB 6,447,000 in the previous year[11] - The company recorded a net loss of RMB 30,178,000 for the six months ended June 30, 2022, compared to a net loss of RMB 13,846,000 for the same period in 2021, reflecting a significant increase in losses[11] - Basic and diluted loss per share for the period was RMB 2.29, compared to RMB 1.05 for the same period in 2021[11] - The total comprehensive loss for the six months ended June 30, 2022, was RMB (30,178,000), compared to a loss of RMB (13,846,000) for the same period in 2021, indicating a significant increase in losses[27] - The group reported a loss of approximately RMB 30,178,000 for the six months ended June 30, 2022, an increase of 118% compared to RMB 13,846,000 for the same period last year[69] Assets and Liabilities - As of June 30, 2022, total assets amounted to RMB 55,897,000, down from RMB 89,147,000 as of December 31, 2021[13] - The company's total equity decreased significantly to RMB 21,802,000 from RMB 51,980,000, indicating a deterioration in financial health[15] - Non-current liabilities increased to RMB 21,099,000 from RMB 17,907,000, suggesting a rise in financial obligations[15] - The company's total borrowings amounted to RMB 21,053,000 as of June 30, 2022, compared to RMB 17,862,000 as of December 31, 2021[84] - The total amount of trade and other receivables was RMB 32,858,000 as of June 30, 2022, compared to RMB 42,881,000 as of December 31, 2021, representing a decline of 23.43%[47] - The total accounts payable decreased to RMB 10,014,000 as of June 30, 2022, from RMB 16,833,000 as of December 31, 2021, representing a reduction of approximately 40.4%[51] Cash Flow and Liquidity - The company's cash and cash equivalents decreased to RMB 21,013,000 from RMB 44,976,000 at the end of the previous year, indicating liquidity challenges[13] - The net cash used in operating activities for the six months ended June 30, 2022, was RMB (25,567,000), an improvement compared to RMB (35,393,000) for the same period in 2021[20] - The cash and cash equivalents at the end of the period were RMB 21,013,000, down from RMB 41,388,000 at the end of June 30, 2021, reflecting a decrease of approximately 49.3%[20] - The group held cash and cash equivalents of approximately RMB 21,013,000 as of June 30, 2022, down from RMB 44,976,000 as of December 31, 2021[81] Operational Focus and Strategy - The management indicated a focus on cost control and potential market expansion strategies to improve future performance[11] - The group is focusing on enhancing marketing efforts while continuing to implement cost-saving measures, with expectations for improved performance in the upcoming quarter[69] - The group is adapting its product structure to align with the trends of financial reform and localization in mainland China[72] Shareholder and Governance Information - Major shareholders include Goldcorp Industrial Limited and Great Song Enterprises Limited, each holding 32.78% of the shares[96] - The company has established a Remuneration Committee to review and recommend remuneration policies for directors and senior management[123] - The company has established a Nomination Committee to develop nomination policies and recommend appointments to the board[125] - The company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15 during the reporting period[121] Employee and Compensation - The company employed 1,020 staff as of June 30, 2022, an increase from 997 staff in the same period of 2021, with employee costs amounting to RMB 42,336,000[87] - The company has adopted a share option scheme for certain employees[88] Other Financial Metrics - Interest income for the six months ended June 30, 2022, increased to RMB 137,000 from RMB 53,000 in the same period of 2021, reflecting a growth of 158.49%[39] - The company's effective tax rate for its subsidiary in Hangzhou was 15% for the six months ended June 30, 2022, due to its qualification as a high-tech enterprise[42] - Other income for the six months ended June 30, 2022, was RMB 594,000, an increase from RMB 466,000 in the same period of 2021, reflecting a growth of 27.48%[39]

Financial Performance - For the three months ended March 31, 2022, the company reported sales revenue of RMB 5,364,000, a decrease of 60.6% compared to RMB 13,615,000 for the same period in 2021[14] - The cost of sales and services for the same period was RMB 20,422,000, down from RMB 23,868,000, indicating a reduction of 14.5%[14] - The gross loss for the first quarter was RMB 15,058,000, compared to a gross loss of RMB 10,253,000 in the previous year, reflecting an increase in loss of 46.5%[14] - Other income for the quarter was RMB 169,000, down from RMB 320,000, representing a decline of 47.2%[14] - The company reported a pre-tax loss of RMB 21,107,000, compared to a pre-tax loss of RMB 18,453,000 in the same quarter last year, an increase in loss of 14.3%[14] - The total comprehensive loss for the period was RMB 21,107,000, which is the same as the pre-tax loss[14] - The basic and diluted loss per share for the quarter was RMB 1.60, compared to RMB 1.40 in the previous year, indicating a worsening of 14.3%[14] - The company recorded sales revenue of approximately RMB 5,364,000 for the three months ended March 31, 2022, a decrease of about 61% compared to RMB 13,615,000 for the same period last year[25] - Revenue from technical support services significantly declined, contributing to the overall drop in sales revenue[25] - The company reported a loss attributable to owners of the company of RMB (21,107,000) for the three months ended March 31, 2022, compared to a loss of RMB (18,453,000) for the same period last year[23] - The group recorded a loss of approximately RMB 21,107,000, an increase of about 14% compared to RMB 18,453,000 in the same period last year, with declining sales revenue being the main reason for the increased loss[27] - Sales decreased by 61% compared to the same period last year, while overall costs decreased by 18%[29] Expenses and Cost Management - The cost of sales and services for the three months ended March 31, 2022, was approximately RMB 20,422,000, a decrease of about 14% from RMB 23,868,000 in the same period last year[25] - For the three months ended March 31, 2022, management expenses were approximately RMB 4,376,000, a decrease of about 5% compared to RMB 4,584,000 for the same period last year[26] - Distribution and selling expenses were approximately RMB 2,001,000, down about 48% from RMB 3,862,000 in the same period last year, primarily due to effective cost-saving measures[26] - Financing costs were approximately RMB 285,000, a decrease of about 50% from RMB 570,000 in the same period last year, mainly due to reduced borrowing[27] - The group plans to continue strict cost control and enhance risk management across all business areas to achieve a positive cycle of "increasing revenue and reducing expenses"[34] Shareholding Structure - Goldcorp Industrial Limited and Great Song Enterprises Limited each hold 431,782,500 shares, representing 32.78% of the company's total equity[36] - Mr. Xiong Rongli holds a total of 470,315,000 shares, which accounts for 35.70% of the company's equity[36] - Ms. Li Qiling controls voting rights exceeding one-third in Great Song Enterprises Limited, which in turn holds over one-third of the voting rights in Goldcorp Industrial Limited[40] - The total equity held by Mr. Xiong Rongli, including beneficial ownership, amounts to 470,315,000 shares, or 35.70%[41] - Mr. Xiong Rongli's direct and indirect holdings in the company total 470,315,000 shares, equating to 35.70% of the issued share capital[41] - The company has a total of 1,315,000,000 shares issued, with significant ownership concentrated among a few shareholders[41] - The board of directors collectively holds 431,782,500 shares, which is 32.78% of the total issued shares[41] - The company has no other disclosures regarding additional shareholdings by directors or executives as of March 31, 2022[39] - The ownership structure indicates a high concentration of shares among a few key stakeholders, which may impact corporate governance and decision-making[41] - The company is subject to the Securities and Futures Ordinance, requiring disclosure of significant shareholdings[39] Stock Options - The company has authorized the issuance of stock options for a total of up to 81,184,000 shares, representing approximately 10% of the issued share capital as of the date of the special shareholders' meeting on February 28, 2011[45] - The updated authorization allows for an additional 86,443,000 shares to be issued under the stock option plan, also representing about 10% of the issued share capital as of the annual general meeting on May 11, 2016[45] - The company granted stock options for 61,032,000 shares, which accounts for approximately 6.95% of the issued share capital as of the annual general meeting on May 11, 2008[46] - The company granted stock options for 47,550,000 shares at an exercise price of HKD 0.368 per share on October 9, 2007, with the closing price on the previous trading day being HKD 0.36[49] - The company granted stock options for 20,900,000 shares at an exercise price of HKD 0.20 per share on January 19, 2010, with the closing price on the previous trading day being HKD 0.20[49] - The company granted stock options for 8,990,000 shares at an exercise price of HKD 0.84 per share on August 16, 2010, with the closing price on the previous trading day being HKD 0.84[50] - The company granted stock options for 65,000,000 shares at an exercise price of HKD 0.730 per share on January 10, 2011, with the closing price on the previous trading day being HKD 0.730[50] - The company granted stock options for 19,260,000 shares at an exercise price of HKD 0.714 per share on January 13, 2011, with the closing price on the previous trading day being HKD 0.690[51] - The company granted stock options for 59,780,000 shares at an exercise price of HKD 0.1122 per share on June 24, 2013, with the closing price on the previous trading day being HKD 0.101[52] - The company granted stock options for 21,400,000 shares at an exercise price of HKD 0.43 per share on May 15, 2015, with the closing price on the previous trading day being HKD 0.43[52] - The company has a total of 75,588,259 unexercised stock options as of March 31, 2022[55] - The exercise price for stock options granted ranges from HKD 0.0948 to HKD 0.3635[55] - No stock options were exercised or expired during the reporting period[55] Corporate Governance - The company has complied with GEM listing rules regarding corporate governance throughout the reporting period[58] - The Audit and Risk Management Committee reviewed the unaudited financial results for the three months ended March 31, 2022, and found them to be prepared in accordance with applicable accounting standards[63] - The company has established a Compensation Committee to review and recommend the compensation policies for directors and senior management[60] - The company has a Nomination Committee responsible for formulating nomination policies and making recommendations to the board[61] - The company has not encountered any conflicts of interest or competitive business activities among its directors and major shareholders during the reporting period[57] Strategic Focus - The group is focusing on expanding online payment solutions and integrating services with banks and partners, such as the cloud store platform in collaboration with major banks[30] - The strategy of "New Dual Wings" aims to expand offline market services, targeting major banks and regions with economic advantages, while also adjusting to focus on small banks and merchants[32] - The digital currency pilot led by the People's Bank of China presents a significant opportunity for the group in the payment sector[33]