Financial Performance - The Group's annual sales revenue increased by 10% compared to the previous year[17] - Overall costs also rose by 10% compared to last year[17] - The annual loss decreased by 56% compared to the same period last year[17] - The Group's net profit in 2019 was RMB 25,004,000, indicating significant improvement despite current losses[17] - The Group recorded total revenue of approximately RMB 94,408,000 for the year ended December 31, 2021, representing a 10% increase compared to RMB 85,535,000 in 2020[39] - The group's revenue increased by approximately 12% year-on-year, primarily due to the growth in technical support services[44] - Revenue for the year ended December 31, 2021, was RMB 94,408,000, an increase from RMB 85,535,000 in 2020, representing a growth of approximately 10.3%[139] - The loss attributable to shareholders for the year ended December 31, 2021, was RMB (13,768,000), an improvement from a loss of RMB (31,204,000) in 2020[139] Cost Management - Cost of sales for the year increased by 19% to approximately RMB 93,492,000, primarily due to rising staff costs, resulting in a gross profit margin of approximately 1%[43] - The cost of sales rose to approximately RMB 93,492,000, an increase of 19% compared to RMB 78,776,000 in 2020, mainly due to higher employee costs[44] - Administrative expenses decreased by 7% to approximately RMB 14,640,000, attributed to the disposal of a subsidiary[46] - Distribution and selling expenses decreased by 23% to approximately RMB 9,274,000, due to effective cost control measures[46] - Research and development expenses decreased by 13% to approximately RMB 8,180,000, also due to the disposal of a subsidiary[47] - The Group will continue to implement stringent cost control and strengthen risk management across its various businesses[32] Strategic Development - The Group has achieved better results in product development and has been recognized by most bank customers[17] - The Group's strategic development includes a focus on core business and complementary products[17] - The Group is shifting its payment landscape from offline to online, focusing on small and medium-sized banks and merchants, which is becoming increasingly important[23] - The introduction of the cloud version of MIS (payment software) aims to meet the diverse needs of payment processes, including government-integrated payments and smart hospital payments[23] - Digital money is identified as a key strategic development area for the Group, aligning with the broader financial reform in China[29] - The Group aims to form a new OFFLINE TO ONLINE (O2O) model to better align with the evolving financial environment[31] Economic and Market Conditions - The pandemic has caused sporadic business interruptions from July onwards[16] - The overall economic recovery has led to an increase in workload for the Group[17] - The financial reform trend in Mainland China is influencing the Group's future development direction[18] - The Group's core business performance is influenced by economic conditions and property market performance, which cannot be fully mitigated by investment strategies[128] - The company continues to face business risks including economic conditions and property market performance in investment locations[132] Operational Risks and Management - Cybersecurity risks are a concern for the Group, which is enhancing IT security and compliance with privacy standards to protect sensitive data[129] - The Group actively manages liquidity risk by monitoring cash flows and maintaining adequate cash levels to meet obligations[119] - The Group faces risks related to attracting and retaining key personnel, and offers competitive remuneration packages to mitigate this risk[127] - The Group promotes green measures and practices in daily operations to enhance environmental sustainability, implementing various energy-saving initiatives[104] Shareholder and Governance Information - Major shareholders include Goldcorp Industrial Limited and Great Song Enterprises Limited, each holding 32.78% of the company's shares[193] - Mdm Iu Pun holds a family interest of 35.59% in the company[193] - The concentration of voting power among a few individuals may impact corporate governance and decision-making processes[199] - The ownership structure indicates potential influence over the company's strategic direction and operational decisions[199] - The company is required to notify the Stock Exchange of any interests or short positions in shares as per the Securities and Futures Ordinance[200] Compliance and Reporting - Throughout 2021, there was no incidence of non-compliance with relevant laws and regulations that significantly impacted the Group's business[163] - The Group's business review includes discussions on principal risks and uncertainties, important events affecting the Group, and likely future developments[162] - The directors do not recommend the payment of dividends for the year[169] - A summary of the published results and assets and liabilities of the Group for the last five financial years is provided in the annual report[173]

Financial Performance - For the nine months ended September 30, 2021, the company's sales revenue from customer contracts was RMB 48,368,000, a decrease of 2.8% compared to RMB 49,770,000 for the same period in 2020[11] - The cost of sales and services for the nine months ended September 30, 2021, was RMB 59,524,000, an increase of 20.4% from RMB 49,484,000 in the previous year[11] - The gross loss for the nine months ended September 30, 2021, was RMB 11,156,000, compared to a gross profit of RMB 286,000 for the same period in 2020[11] - The total comprehensive loss for the period was RMB 20,921,000, which is an increase of 20.5% from RMB 17,361,000 in the same period last year[11] - The basic and diluted loss per share for the nine months ended September 30, 2021, was RMB 1.59, compared to RMB 1.32 for the same period in 2020[11] - The company reported a net loss attributable to owners of the company of RMB 7,075,000 for the three months ended September 30, 2021, compared to a loss of RMB 143,000 in 2020[28] - The group recorded sales revenue of approximately RMB 48,368,000 for the nine months ended September 30, 2021, a decrease of 3% compared to RMB 49,770,000 for the same period last year[31] - Net loss for the nine months ended September 30, 2021, was approximately RMB 20,921,000, an increase of 21% from RMB 17,361,000 in the same period last year[32] Revenue Breakdown - Software product sales for the three months ended September 30, 2021, were RMB 575,000, compared to RMB 412,000 for the same period in 2020, representing a 39.5% increase[18] - Revenue from hardware product sales increased significantly to RMB 1,752,000 for the three months ended September 30, 2021, from RMB 15,000 in the same period of 2020[18] - Technical support service revenue decreased slightly to RMB 15,003,000 for the three months ended September 30, 2021, from RMB 19,157,000 in 2020, a decline of 21.3%[18] - Total sales revenue for the three months ended September 30, 2021, was RMB 17,330,000, down from RMB 19,584,000 in 2020, a decrease of 11.6%[18] Cost Management - The group aims to enhance marketing efforts while continuing to implement cost-saving measures, expecting improved performance in the upcoming quarter[33] - Management expenses decreased by 13% to approximately RMB 9,686,000, down from RMB 11,181,000, mainly due to the sale of a subsidiary[32] - Distribution and selling expenses fell by 30% to approximately RMB 6,270,000, compared to RMB 9,009,000 last year, attributed to effective cost-saving measures[32] - The company incurred financing costs of RMB 1,234,000 for the nine months ended September 30, 2021, a decrease of 25.6% from RMB 1,659,000 in the previous year[11] Share Capital and Options - As of September 30, 2021, the company has a total of 431,782,500 shares held by Goldcorp Industrial Limited, representing 32.78% of the issued share capital[48] - The company has authorized a new stock option plan allowing for the issuance of up to 81,184,000 stock options, which represents approximately 10% of the issued share capital as of the special general meeting date[52] - The stock option plan was initially adopted on August 27, 2001, and has been updated multiple times to increase the authorized limit for stock options[53][55] - In 2021, the company had 198,275,729 share options granted, with 106,833,930 options remaining unexercised as of September 30, 2021[61] Corporate Governance - The company has established a remuneration committee to review the remuneration policies for directors and senior management[68] - The company has adhered to the corporate governance code as per GEM Listing Rules during the nine months ending September 30, 2021[65] - The company established the Nomination Committee in March 2012 to develop nomination policies and recommend director appointments to the board[69] - The Audit and Risk Management Committee was formed on August 27, 2001, to oversee financial reporting, internal controls, and risk management systems[71] - The chairman of the Audit and Risk Management Committee is Mr. Pu Bingrong, with other members being independent non-executive directors[71] Future Outlook - The company has not provided specific guidance for future performance or new product developments in the conference call[11] - The management discussed potential strategies for market expansion but did not disclose specific figures or timelines[11] - The group is adapting to the growing demand for online products, particularly in the context of digital currency development, and is launching new payment solutions[36] - The group plans to maintain strict cost control and enhance risk monitoring across all business operations to achieve a positive cycle of "increasing revenue and reducing expenditure"[40] - The "New Dual-Wing" strategy focuses on expanding offline markets and developing merchant services, with a target of increasing service coverage from 2 provincial branches to 19 branches across 13 provinces[38]

Financial Performance - For the six months ended June 30, 2021, the company reported sales revenue of RMB 31,038,000, a 33% increase compared to RMB 23,310,000 for the same period in 2020[11]. - The cost of sales for the same period was RMB 37,485,000, up from RMB 25,425,000 in 2020, resulting in a gross loss of RMB 6,447,000 compared to a gross loss of RMB 2,115,000 in the previous year[11]. - The company incurred a loss before tax from continuing operations of RMB 18,333,000 for the six months ended June 30, 2021, compared to a loss of RMB 14,861,000 in 2020[11]. - The net loss attributable to the company for the six months was RMB 13,216,000, compared to a loss of RMB 18,248,000 in the same period of the previous year[13]. - Basic and diluted loss per share from continuing operations was RMB (1.39) for the six months ended June 30, 2021, compared to RMB (1.00) in 2020[13]. - The company reported other income of RMB 466,000 for the six months, a decrease from RMB 571,000 in the previous year[11]. - Distribution and selling expenses were RMB 4,285,000, slightly down from RMB 4,266,000 in 2020[11]. - Management expenses decreased to RMB 7,371,000 from RMB 7,430,000 in the previous year[11]. - The company recognized a tax credit of RMB 85,000 for the six months ended June 30, 2021, compared to RMB 1,645,000 in 2020[11]. - The company reported a total comprehensive loss of RMB (13,846,000) for the six months ended June 30, 2021, compared to a loss of RMB (17,218,000) in the same period of 2020, indicating an improvement in performance[18]. Assets and Liabilities - As of June 30, 2021, total assets decreased to RMB 96,409,000 from RMB 134,389,000 as of December 31, 2020, representing a decline of approximately 28.2%[15]. - Non-current liabilities decreased significantly from RMB 45,305,000 in 2020 to RMB 22,980,000 in 2021, a reduction of about 49.3%[16]. - The company reported a total equity of RMB 51,902,000 as of June 30, 2021, down from RMB 65,748,000 at the end of 2020, reflecting a decline of approximately 21.0%[16]. - The company’s total liabilities decreased from RMB 40,143,000 in 2020 to RMB 36,945,000 in 2021, a reduction of approximately 7.0%[16]. - The company’s borrowings decreased to RMB 44,596,000 as of June 30, 2021, from RMB 63,789,000 as of December 31, 2020, representing a reduction of about 30%[61]. - The company had trade receivables overdue by more than 90 days amounting to RMB 9,086,000 as of June 30, 2021, compared to RMB 7,508,000 at the end of 2020, indicating an increase of approximately 21%[54]. Cash Flow and Investments - The net cash used in operating activities for the six months ended June 30, 2021, was RMB (35,393,000), slightly improved from RMB (36,782,000) in the same period of 2020[21]. - Cash and cash equivalents at the end of June 30, 2021, were RMB 41,388,000, down from RMB 58,358,000 at the beginning of the period, indicating a decrease of 29.1%[21]. - The company’s cash flow from investing activities improved to RMB 37,047,000 in 2021 from RMB (3,403,000) in 2020, indicating a positive turnaround in investment cash flow[21]. - The company completed the sale of Hangzhou Hengxinli Software Co., Ltd. for a cash consideration of RMB 40,000,000 on May 24, 2021[41]. - The sale of the subsidiary resulted in a net cash inflow of RMB 40,000,000, with a gain of RMB 2,461,000 recognized from the sale[45]. Operational Developments - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming periods[11]. - The company expanded its merchant outsourcing services to 12 provinces and 18 provincial branches, up from 2 branches six years ago, focusing on major banks and economic provinces[78]. - The company is adapting to the increasing demand for online products and has launched a cloud-based payment software to meet diverse payment needs[76]. - The company aims to enhance value-added services, integrating merchant outsourcing and payment products as a core strategic development[78]. - The company sees opportunities in the digital currency pilot led by the People's Bank of China, positioning itself for future growth in the payment sector[79]. Shareholder and Governance - Major shareholders include Goldcorp Industrial Limited and Great Song Enterprises, each holding 32.78% of the shares[97]. - The company did not recommend any dividend payment for the six months ended June 30, 2021, consistent with the previous year[52]. - The company complied with the corporate governance code as per GEM Listing Rules Appendix 15 during the six months ended June 30, 2021[120]. - The company adhered to the securities trading regulations for directors as outlined in GEM Listing Rules during the six months ended June 30, 2021[121]. - The Remuneration Committee was established in November 2005 to review and recommend remuneration policies for directors and senior management[122]. - The Nomination Committee was formed in March 2012 to develop nomination policies and recommend appointments to the board[124]. - The Audit and Risk Management Committee was established on August 27, 2001, to oversee financial reporting, internal controls, and risk management systems[125]. Employee and Compensation - The company employed 1,045 staff from continuing operations as of June 30, 2021, an increase from 804 staff six months prior[88]. - Employee costs from continuing operations for the reporting period were approximately RMB 37,065,000, compared to RMB 28,663,000 for the same period in 2020[88]. - The company has adopted a share option scheme for certain employees[89]. - The total number of share options granted and unexercised as of June 30, 2021, was 106,833,930 shares[117].

Financial Performance - The Group recorded a loss of RMB 31,204,000 for the year 2020, compared to a profit of approximately RMB 25,004,000 in 2019, marking a significant decline in performance[16] - Revenue for the year dropped by 34% compared to the same period last year, while cost of sales and total expenses rose by 12%[16] - The Group recorded total revenue of approximately RMB 85,535,000 for the year ended December 31, 2020, a decrease of 34% compared to RMB 129,675,000 in 2019[35] - Revenue from the provision of technical support services decreased by 27% year-on-year, significantly impacting overall revenue[38] - The Group reported a loss of approximately RMB 31,204,000 for the year ended December 31, 2020, compared to a profit of approximately RMB 25,004,000 in 2019, primarily due to a significant revenue decline from the Covid-19 pandemic[44] - The group recorded a segment loss of approximately RMB31.15 million for 2020, compared to a profit of approximately RMB30.89 million in 2019[82] - The loss attributable to shareholders for the year ended December 31, 2020, was RMB (31,204,000), compared to a profit of RMB 25,004,000 in 2019[141] - Total assets decreased to RMB 151,196,000 in 2020 from RMB 192,474,000 in 2019, representing a decline of approximately 21%[141] - Total liabilities decreased to RMB (85,448,000) in 2020 from RMB (95,522,000) in 2019, a reduction of about 10.7%[141] - Net assets decreased to RMB 65,748,000 in 2020 from RMB 96,952,000 in 2019, reflecting a decline of approximately 32%[141] Operational Challenges - The Group's growth over the past five years was entirely wiped out due to the substantial suspension of banking operations and disruptions caused by COVID-19 outbreaks[16] - The Group's performance was impacted by the suspension or closing of branches, shopping malls, and stores during the pandemic[17] - The Group's business operations were severely affected by the global financial crisis, leading to intermittent business activities[16] - The Group aims to deepen overall process development by collaborating with banks and third parties[17] Cost Management - Cost of sales increased by 6% to approximately RMB 78,776,000, primarily due to rising staff costs, resulting in a gross profit margin of 8%, down from 42% in 2019[39] - Administrative expenses rose by 9% to approximately RMB 15,797,000, attributed mainly to increased staff costs[42] - Research and development costs increased by 439% to approximately RMB 9,388,000, reflecting a shift to expensing all incurred costs during the year[43] - The Group will continue to implement stringent cost control measures and strengthen risk management across its various businesses[26] - The Group plans to enhance sales and strengthen cost control measures, expecting improved financial results in the coming year as products mature in the market[52] Strategic Initiatives - The Group's "Payment plus Service" department shifted its focus online, launching WeChat Pay and CCB payment channels, and introduced cloud-based MIS payment software[17] - The pandemic provided opportunities for small and medium-sized banks to develop mobile banking and payment processes, prompting the Group to focus on relevant business development in 2021[18] - The Group aims to expand its merchant service business and has increased its service coverage from 2 provincial bank branches to 15 provinces in 2020[23] - The Group plans to integrate banking outsourcing services and payment products to form a cohesive business portfolio for future development[23] - The Group is focusing on a core business strategy with two complementary products, particularly in the payment and service outsourcing sectors[24] Financial Stability - The Group maintained its financial stability by leveraging a strong record of payment collection from previous years[16] - Borrowings decreased by 7% to approximately RMB 63,789,000 as at 31 December 2020, down from approximately RMB 68,471,000 in 2019, mainly due to the repayment of unsecured director's loans[51] - The Group's cash and cash equivalents decreased to approximately RMB 58,358,000 as at 31 December 2020, from approximately RMB 76,170,000 in 2019, primarily due to a decrease in the collection of receivables[55] - The current ratio as at 31 December 2020 was approximately 3 times, down from approximately 5 times in 2019, indicating a decline in liquidity[55] - The gearing ratio increased to approximately 57% as at 31 December 2020, compared to approximately 50% in 2019, reflecting a higher level of debt relative to assets[67] Human Resources - Total staff costs for the year amounted to approximately RMB74.33 million, an increase from approximately RMB65.44 million in 2019[84] - As of December 31, 2020, the group had 965 employees, up from 850 employees in 2019[84] - The Group recognizes the importance of attracting and retaining key personnel, offering competitive remuneration packages[130][134] Risk Management - The Group faces various key risks including market risk, liquidity risk, operational risk, and investment risk, which could impact financial performance and business prospects[111][119][120][121] - Foreign exchange rate risk is present due to assets and liabilities denominated in Renminbi, HKD, and USD, with management monitoring exposure and considering hedging when necessary[117][122] - The Group actively manages interest rate risk for interest-sensitive products and investments through dynamic analysis and cost-effective measures[118][123] - Liquidity risk is managed by monitoring cash flows and maintaining adequate cash levels to meet obligations[119][124] - The Group is committed to enhancing IT security to mitigate risks from cyberattacks and data breaches, ensuring compliance with legal and industry standards[132][136] Compliance and Governance - There were no incidences of non-compliance with relevant laws and regulations during the year that significantly impacted business operations[107] - The Group maintains good relationships with business partners and banks, with no significant disputes reported during the year[109] - The Group collaborates with responsible suppliers to ensure quality goods at competitive prices through effective supply chain management[110] - The report indicates compliance with the Securities and Futures Ordinance regarding the disclosure of interests in shares[198] Shareholder Information - The Company does not recommend the payment of dividends for the year ended 31 December 2020[162] - The Company had no reserves available for distribution to equity as of 31 December 2020, consistent with 2019[180] - Goldcorp Industrial Limited and Great Song Enterprises Limited each hold 431,782,500 shares, representing 32.78% of the total shareholding[194] - Mdm Iu Pun holds a family interest of 581,466,500 shares, which is 44.14% of the total shareholding[194] - Mr. Hung Yung Lai has beneficial ownership of 76,901,500 share options, which correspond to the same number of underlying shares[195] - Ms. Li Kei Ling controls more than one third of the voting power of Great Song Enterprises Limited, which in turn holds more than one third of the voting power of Goldcorp Industrial Limited[199] - The directors or chief executives of the company were not aware of any other person with a 5% or more interest in the company's shares as of December 31, 2020[197]

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報告的內容概不負 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報告全部 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。 本報告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 就本報告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：本報告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；本報告並無遺漏任何其他事項，致使本報告或其所載任何陳述 產生誤導。 業績 （於百慕達註冊成立的有限公司） （股份代號：8076） 截至二零二零年九月三十日止 九個月的 第三季度業績報告 * 僅供識別 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 ...

Financial Performance - For the nine months ended September 30, 2019, total sales revenue reached RMB 71,587,000, a 26.2% increase from RMB 56,697,000 in the same period of 2018[4] - Gross profit for the nine months ended September 30, 2019, was RMB 23,651,000, compared to RMB 6,756,000 in the previous year, representing a significant increase of 249.5%[4] - The company reported a profit before tax of RMB 3,284,000 for the nine months ended September 30, 2019, compared to a loss of RMB 14,653,000 in the same period of 2018[4] - Basic earnings per share for the nine months ended September 30, 2019, was RMB 0.15, a recovery from a loss of RMB 1.51 per share in the same period of 2018[4] - The company’s total comprehensive income for the nine months ended September 30, 2019, was RMB 1,743,000, a turnaround from a loss of RMB 14,653,000 in the same period of 2018[4] - The gross profit margin improved to 33% for the nine months ended September 30, 2019, up from 12% in the same period of 2018[19] - The company achieved a profit of approximately RMB 1,743,000 for the nine months ended September 30, 2019, a turnaround from a net loss of RMB 14,653,000 in the same period of 2018[19] Revenue Breakdown - Software product sales for the nine months ended September 30, 2019, amounted to RMB 5,279,000, up from RMB 4,638,000 in 2018, reflecting a growth of 13.8%[11] - Technical support service revenue for the nine months ended September 30, 2019, was RMB 65,364,000, an increase of 32.8% from RMB 49,209,000 in the previous year[11] Cost Management - The company has implemented cost control measures, resulting in a decrease in sales and service costs to RMB 47,936,000 for the nine months ended September 30, 2019, down from RMB 49,941,000 in the previous year[4] - Financing costs rose to approximately RMB 1,976,000 for the nine months ended September 30, 2019, an increase of about 14% from RMB 1,734,000 in the same period of 2018[20] - Management expenses increased by 9% to approximately RMB 9,872,000 for the nine months ended September 30, 2019, compared to RMB 9,034,000 in the same period of 2018[20] - Distribution and selling expenses rose by 19% to approximately RMB 10,420,000 for the nine months ended September 30, 2019, compared to RMB 8,734,000 in the same period of 2018[20] Strategic Plans - The company plans to continue expanding its market presence and investing in new product development to sustain growth[4] - The company plans to continue enhancing marketing efforts while implementing cost-saving measures, expecting further improvement in performance in the upcoming quarter[23] - The "One Body, Two Wings" strategy has led to significant growth in sales revenue and gross profit, with sales revenue and gross profit increasing by 26% and 250%, respectively, compared to the previous year[24] Shareholder Information - Major shareholders include Goldcorp Industrial Limited and Great Song Enterprises Limited, each holding 431,782,500 shares, representing 32.78% of the total share capital[33] - As of September 30, 2019, Mr. H熊融禮 holds a total equity of 431,782,500 shares, representing 32.78% of the company's issued share capital[37] - Mr. H熊融禮 also has beneficial ownership of 136,749,000 shares, which accounts for 10.38% of the total equity[37] - The total equity held by Mr. 熊纓 is 23,201,877 shares, which is 1.76% of the total equity[37] Stock Options and Grants - The company has authorized the grant of options to subscribe 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 general meeting[44] - The company has further updated the authorization limit to grant additional options for 86,443,000 shares, also representing about 10% of the issued share capital as of the annual general meeting[44] - A new option plan was approved on February 28, 2011, which is effective immediately after the previous plan expired, maintaining similar terms[42] - The company granted options for 47,550,000 shares at an exercise price of HKD 0.368 on October 9, 2007, which expired in the 2017 fiscal year[47] - Options for 20,900,000 shares were granted at an exercise price of HKD 0.20 on January 19, 2010, with the closing price on the previous trading day also at HKD 0.20[47] - The company granted options for 19,260,000 shares at an exercise price of HKD 0.714 on January 13, 2011, with the previous trading day's closing price at HKD 0.690[48] - The company granted stock options for 21,400,000 shares at an exercise price of HKD 0.43 on May 15, 2015, with the closing price on the previous trading day also at HKD 0.43[50] - In 2017, the company granted stock options for 86,440,000 shares at an exercise price of HKD 0.182, with the closing price on the previous trading day at HKD 0.182[50] - As of September 30, 2019, there were 185,530,000 stock options granted, with 33,970,543 options exercised during the period[52] - The adjusted exercise price for stock options granted in 2015 was HKD 0.3635, with a total of 14,850,000 options granted to employees excluding directors[52] Corporate Governance - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[55] - There were no competitive businesses or conflicts of interest involving directors or major shareholders during the nine months ending September 30, 2019[56] - The company complied with the corporate governance code as per GEM listing rules during the reporting period[57] - The company adhered to the regulations regarding securities transactions by directors, with no known violations during the nine months ending September 30, 2019[58] - The company established the Remuneration Committee in November 2005 to review and recommend remuneration policies for directors and senior management[59] - The Nomination Committee was formed in March 2012 to develop nomination policies and recommend appointments to the board[61] - The Audit and Risk Management Committee was established on August 27, 2001, to oversee financial reporting, internal controls, and risk management systems[62] - The Audit and Risk Management Committee reviewed the unaudited results for the nine months ending September 30, 2019, and confirmed compliance with applicable accounting standards[62] - The chairman of the Audit and Risk Management Committee is Mr. Pu Bingrong, with other members being independent non-executive directors[62] - The board of directors includes executive directors Mr. Xiong Rongli, Mr. Xiong Ying, Mr. Lin Xuexin, and Mr. Cui Jian, along with independent non-executive directors[62] - The company emphasizes the importance of board diversity and has established a policy for it[61] - The company is committed to ensuring adequate disclosure in its financial reporting processes[62] - The company’s governance structure includes various committees to enhance oversight and management effectiveness[59][61][62] - The company aims to maintain compliance with GEM listing rules through its established committees[62]

Financial Performance - The company reported sales revenue of RMB 13,793,000 for the three months ended March 31, 2019, representing a 79.3% increase from RMB 7,705,000 in the same period of 2018[4]. - The cost of sales and services was RMB 17,134,000, leading to a gross loss of RMB 3,341,000, which improved from a gross loss of RMB 8,486,000 in the previous year[4]. - The company incurred a pre-tax loss of RMB 11,255,000, a decrease from a pre-tax loss of RMB 14,704,000 in the same quarter of 2018, indicating a 23.3% improvement[4]. - Basic and diluted loss per share was RMB 1.32, compared to RMB 1.70 in the same period last year, reflecting a 22.4% reduction in loss per share[4]. - The company reported a total comprehensive loss of RMB 11,589,000 for the period, compared to RMB 14,704,000 in the same quarter of 2018, showing a 21.5% reduction in overall losses[4]. - The company recorded sales revenue of approximately RMB 13,793,000 for the three months ended March 31, 2019, representing a 79% increase compared to RMB 7,705,000 for the same period in 2018[20]. - The cost of sales and services was approximately RMB 17,134,000, a 6% increase from RMB 16,191,000 in the same period last year[20]. - The company reported a loss of approximately RMB 11,589,000, a decrease of 21% from a loss of RMB 14,704,000 in the same period last year[21]. Revenue Sources - Revenue from software sales was RMB 882,000, up from RMB 604,000, while revenue from technical support services surged to RMB 12,800,000 from RMB 6,875,000, indicating strong growth in service offerings[12]. - The company generated other income of RMB 685,000, significantly up from RMB 20,000 in the previous year, marking a 3325% increase[14]. Equity and Shareholding - The company’s total equity as of March 31, 2019, was RMB 38,795,000, down from RMB 50,384,000 at the beginning of the year, primarily due to accumulated losses[6]. - Goldcorp Industrial Limited and Great Song Enterprises Limited each hold 287,855,000 shares, representing 32.78% of the company's total equity[32]. - Ms. Yao Bin holds 385,000,000 shares, accounting for 43.84% of the company's total equity[34]. - Mr. Xiong Rongli has options to purchase 65,000,000 shares, which adds to his total equity of 97,145,000 shares, representing 11.06% of the company's total equity[36]. - As of March 31, 2019, no other individuals were disclosed to have interests in the company's shares exceeding 5%[35]. Corporate Governance - The company complied with the corporate governance code as per GEM listing rules during the three months ended March 31, 2019[53]. - The company adhered to the securities trading code of conduct for directors during the three months ended March 31, 2019, with no known violations[54]. - The Remuneration Committee was established in November 2005 to review and recommend remuneration policies for directors and senior management[55]. - The Nomination Committee was formed in March 2012 to develop nomination policies and recommend appointments to the board[56]. - The Audit and Risk Management Committee was established on August 27, 2001, to oversee financial reporting, internal controls, and risk management systems[58]. - The Audit and Risk Management Committee reviewed the unaudited results for the three months ended March 31, 2019, and confirmed compliance with applicable accounting standards[58]. - The board of directors includes executive and independent non-executive members, ensuring a diverse governance structure[60]. Future Plans and Strategies - The company continues to focus on expanding its software and technical support services, which are key drivers for future revenue growth[12]. - The company plans to continue implementing cost-saving measures while increasing marketing efforts, expecting improved performance in the upcoming quarter[24]. - The company aims to expand its merchant services business, increasing its service coverage from 2 provincial branches five years ago to 13 provinces in the first quarter of this year[29]. - The company is focusing on a combination of online and offline business operations, hoping to promote its operational model to other commercial banks[31]. Share Options and Securities - The company has been authorized to grant a total of 81,184,000 share options, representing approximately 10% of the issued share capital as of the date of the special general meeting held on February 28, 2011[41]. - An additional 86,443,000 share options were authorized for grant, also representing about 10% of the issued share capital as of the annual general meeting on May 11, 2016[41]. - The company was authorized to grant 61,032,000 share options, which is approximately 6.95% of the issued share capital as of the annual general meeting on May 11, 2018[41]. - The exercise price for share options must be at least the higher of the closing price on the grant date or the average closing price over the five trading days preceding the grant date[42]. - The company granted 47,550,000 share options 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[44]. - On January 19, 2010, the company granted 20,900,000 share options at an exercise price of HKD 0.20, matching the previous day's closing price[44]. - The company granted 65,000,000 share options to its chairman at an exercise price of HKD 0.730 on January 10, 2011, with the previous day's closing price also at HKD 0.730[45]. - A total of 86,440,000 share options were granted on April 7, 2017, at an exercise price of HKD 0.182, matching the previous day's closing price[47]. - The company has a limit that the total number of shares obtained through the exercise of options cannot exceed 1% of the issued shares at the grant date within any twelve-month period[41]. - The company has granted share options to various employees and directors, with a total of 11,600,000 options remaining unexercised as of the latest reporting date[48]. Other Information - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[51]. - There were no competitive or conflict of interest activities involving directors, management shareholders, or their associates during the three months ended March 31, 2019[52]. - The company has not declared any dividends for the three months ended March 31, 2019, consistent with the previous year[18]. - The total issued share capital of Goldcorp Industrial Limited is two ordinary shares, with Mr. Xiong holding 50% of the rights[40].

Financial Performance - The Group's earnings for 2018 reached RMB 22,203,000, representing a year-on-year increase of 41%[18] - The Group's earnings had previously increased by 443% in 2016 and 125% in 2017, indicating a strong growth trajectory[18] - The Group recorded total revenue of approximately RMB 114,088,000 for the year ended December 31, 2018, representing a 44% increase compared to RMB 79,168,000 in 2017[38] - Profit for the year increased by 41% to approximately RMB 22,203,000, driven by revenue growth and effective cost control measures[47] - Profit attributable to shareholders for 2018 was RMB 22,203,000, up 40.5% from RMB 15,798,000 in 2017[142] - Total assets increased to RMB 152,558,000 in 2018, compared to RMB 107,905,000 in 2017, reflecting a growth of 41.4%[142] - Total liabilities rose to RMB (102,174,000) in 2018 from RMB (82,555,000) in 2017, indicating a 23.7% increase[142] - Net assets improved significantly to RMB 50,384,000 in 2018, compared to RMB 25,350,000 in 2017, marking a 98.5% increase[142] Revenue Sources - Revenue from the provision of technical support services increased by 54% year-on-year, contributing significantly to the overall revenue growth[41] - Revenue from technical support services accounted for 84% of total Group revenue in 2018, up from 79% in 2017[80][84] - Revenue from technical support services increased by 54%, and revenue from related hardware products rose by 64% compared to 2017, while software product sales decreased by 13%[86][90] Cost Management - Cost of sales rose by 46% to approximately RMB 60,066,000 in 2018, with a stable gross profit margin of 47%[42] - Administrative expenses decreased by 15% to approximately RMB 13,730,000, primarily due to reduced equity-settled share-based payments[45] - The Group aims to maintain stringent cost control while pursuing further sales growth to achieve a win-win situation[29] Market Expansion and Product Development - Continuous growth in capital products revenue reflects customer recognition and effective product research and development efforts[19] - New products, such as the data mart, were well received by commercial banks in pilot cities, enhancing the Group's product offerings[19] - The Group plans to enhance its business portfolio by integrating banking outsourcing services and payment products to adapt to market changes[27] - Future strategies include consolidating big data and developing an OFFLINE TO ONLINE (O2O) model to align with the evolving financial environment[28] - The Group expanded its offline market presence, serving various branches in 13 provinces in 2018, up from only serving the Zhejiang branch previously[25] Financial Management and Risks - The Group's financial condition and operations may be affected by various risks, including market, liquidity, operational, and investment risks[121] - Liquidity risk management involves monitoring cash flows and maintaining adequate cash levels to meet obligations[121] - The Group does not currently have a foreign currency hedging policy but monitors foreign exchange exposure[114] - Cybersecurity risks are a concern, with the Group enhancing IT security and compliance with privacy standards[131] - The Group's management regularly identifies and assesses operational risks to implement appropriate responses[123] Human Resources - Total staff costs for the year amounted to approximately RMB 46,884,000, an increase from approximately RMB 30,010,000 in 2017, with the number of employees rising to 735 from 562[88][92] - The Group aims to attract and retain key personnel by offering competitive remuneration packages[129] Corporate Governance and Compliance - There were no incidents of non-compliance with relevant laws and regulations that significantly impacted the Group's business throughout 2018[177][181] - The Group maintains good relationships with business partners and banks, with no significant disputes reported during the year[110] - The Group collaborates with responsible suppliers to ensure quality goods at competitive prices, implementing fair supplier selection procedures[108] Strategic Focus - The Group's strategic focus includes market expansion and potential mergers and acquisitions to drive growth[136] - The management emphasizes the importance of developing and protecting its own intellectual property to ensure operational stability[139] - The Group plans to enhance its intellectual property protections by applying for software copyrights to mitigate risks associated with intellectual property[136] Shareholder Information - The directors do not recommend the payment of dividends for the year ended December 31, 2018[168][174] - As of December 31, 2018, the company had no reserves available for distribution to equity, consistent with 2017[194] - The company’s share premium is distributable to shareholders as per Bermuda Company Act 1981[194] - There are no pre-emptive rights for existing shareholders regarding new shares issuance[188] Supplier and Customer Concentration - The largest supplier accounted for 59% of purchases in 2018, up from 51% in 2017[196] - The five largest suppliers combined represented 73% of total purchases, slightly down from 74% in 2017[196] - The largest customer contributed 35% of sales in 2018, significantly increasing from 20% in 2017[196] - The five largest customers combined accounted for 62% of total sales, up from 54% in 2017[196]