（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]

（於百慕達註冊成立的有限公司） （股份代號：8076） 截至二零二二年十二月三十一日止年度 全年業績公佈 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 ...

Financial Performance [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=6&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the nine months ended September 30, 2022, the Group recorded a net loss of RMB 35.263 million, a 68.6% increase from the prior year, with sales revenue decreasing 20.1% to RMB 38.626 million primarily due to reduced technical support service income, and gross loss expanding to RMB 19.474 million Consolidated Statement of Profit or Loss Summary (As of September 30) | Indicator | For the three months ended September 30 (RMB thousands) | For the nine months ended September 30 (RMB thousands) | | :--- | :--- | :--- | | | **2022** | **2021** | **2022** | **2021** | | Sales Revenue | 19,168 | 17,330 | 38,626 | 48,368 | | Gross Profit / (Loss) | 155 | (4,709) | (19,474) | (11,156) | | Loss Before Tax | (5,085) | (7,136) | (35,263) | (22,790) | | Loss for the Period | (5,085) | (7,075) | (35,263) | (20,921) | | Basic Loss Per Share (RMB cents) | (0.39) | (0.54) | (2.68) | (1.59) | [Consolidated Statement of Changes in Equity](index=7&type=section&id=Consolidated%20Statement%20of%20Changes%20in%20Equity) As of September 30, 2022, the Group's total equity significantly decreased to RMB 16.717 million from RMB 51.980 million at the beginning of the year, primarily due to the RMB 35.263 million loss recorded during the period Summary of Changes in Equity | Item | Amount (RMB thousands) | | :--- | :--- | | As at January 1, 2022 (Audited) | 51,980 | | Loss and Total Comprehensive Expenses for the Period | (35,263) | | **As at September 30, 2022 (Unaudited)** | **16,717** | [Summary of Notes to Financial Statements](index=8&type=section&id=Notes%20to%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) The notes to the financial statements detail revenue composition, tax status, and dividend policy, indicating that while technical support services are the primary revenue source, their income decreased year-on-year, a key subsidiary enjoys a 15% preferential tax rate but had no assessable profit during the period, and the Board does not recommend an interim dividend [Sales Revenue Composition](index=8&type=section&id=2.%20Sales%20Revenue) Technical support services constitute the largest portion of the Group's total sales revenue, but for the nine months ended September 30, 2022, this income was RMB 33.994 million, a 23.8% decrease from RMB 44.620 million in the prior year Sales Revenue Details (For the nine months ended September 30) | Revenue Type | 2022 (RMB thousands) | 2021 (RMB thousands) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Sales of Software Products | 2,968 | 1,740 | +70.6% | | Sales of Related Hardware Products | 1,664 | 2,008 | -17.1% | | Provision of Technical Support Services | 33,994 | 44,620 | -23.8% | | **Total** | **38,626** | **48,368** | **-20.1%** | [Other Gains and Losses](index=9&type=section&id=4.%20Other%20Gains%20and%20Losses) For the nine months ended September 30, 2022, the Group recorded a net other loss of RMB 1.219 million, compared to a gain of RMB 4.719 million in the prior year, primarily due to a shift from net exchange gain to net exchange loss - The period recorded a net exchange loss of **RMB 2.113 million**, compared to a net exchange gain of **RMB 2.269 million** in the prior period, which is the primary reason for the change in other gains and losses[20](index=20&type=chunk) - The prior period included a gain from the disposal of a subsidiary of approximately **RMB 2.461 million**, which was absent in the current period[20](index=20&type=chunk) [Income Tax](index=10&type=section&id=5.%20Income%20Tax%20Credit) Xinli Technology, a key subsidiary in China, enjoys a 15% preferential corporate income tax rate as a high-tech enterprise; however, no Chinese corporate income tax was accrued as the Group generated no assessable profit during the period - Subsidiary Xinli Technology is recognized as a high-tech enterprise, applying a **15% preferential tax rate**, lower than the standard **25%** tax rate[22](index=22&type=chunk) - For the nine months ended September 30, 2022, the Group generated no assessable profit in China, thus no Chinese corporate income tax was provided[23](index=23&type=chunk) [Dividends](index=11&type=section&id=7.%20Dividends) The Board does not recommend the payment of any dividends for the nine months ended September 30, 2022 - The Board does not recommend the payment of dividends for the nine months ended September 30, 2022 (nine months ended September 30, 2021: nil)[26](index=26&type=chunk) Management Discussion and Analysis [Financial Review](index=12&type=section&id=Financial%20Review%20and%20Performance) The Group's revenue for the first nine months decreased by **20%** year-on-year to **RMB 38.626 million**, primarily due to a **24%** reduction in technical support service income, while net loss expanded by **69%** year-on-year to **RMB 35.263 million** due to decreased revenue and a one-off gain from subsidiary disposal in the prior period, though distribution and selling expenses decreased by **36%** due to effective cost-saving measures Key Financial Indicators Change (For the nine months ended September 30) | Indicator | 2022 (RMB thousands) | 2021 (RMB thousands) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Sales Revenue | 38,626 | 48,368 | -20% | | Cost of Sales | 58,100 | 59,524 | -2% | | Administrative Expenses | 11,001 | 9,686 | +14% | | Distribution and Selling Expenses | 3,993 | 6,270 | -36% | | Finance Costs | 828 | 1,234 | -33% | | Net Loss | 35,263 | 20,921 | +69% | - The primary reasons for the expanded loss include: (i) a revenue decrease of approximately **RMB 9.742 million**; and (ii) a gain from the disposal of a subsidiary of approximately **RMB 2.461 million** in the prior period, which was absent in the current period[30](index=30&type=chunk) [Business Review and Strategy](index=13&type=section&id=Business%20Review) Recurring domestic COVID-19 outbreaks led to reduced IT investment in the banking sector, significantly impacting the Group's business; in response, the Group adheres to its "New One Body, Two Wings" strategy, adjusting product structure, focusing on online-offline integration for payment services, expanding to small and medium-sized banks and merchants, and exiting unprofitable provincial outsourcing services to control losses - Recurring domestic COVID-19 outbreaks impacted banking sector revenue and reduced IT investment, significantly affecting the Group's business and leading to a decline in revenue[32](index=32&type=chunk) - The Group adheres to its "New One Body, Two Wings" strategy, diversifying payment products into various scenarios such as aggregated payment, government-finance payment, and smart hospitals, while preparing for the development of digital currency[35](index=35&type=chunk) - The bank merchant outsourcing service business underwent strategic contraction, exiting certain unprofitable provinces, reducing service coverage from **13 provinces and 19 branches** to **11 provinces and 13 branches** to enhance efficiency and profitability[36](index=36&type=chunk) [Future Outlook](index=15&type=section&id=Future%20Outlook) The Group will continue to focus on "Payment + Outsourcing Services," prioritizing services for small and medium-sized merchants and new payment scenarios, developing a distinctive "OFFLINE TO ONLINE" operation and maintenance model, while strictly controlling costs and strengthening risk monitoring to achieve a virtuous cycle of "increasing revenue and reducing expenditure" - The core business remains "Payment + Outsourcing Services," extending to services for small and medium-sized merchants and new payment scenarios to form a data foundation[39](index=39&type=chunk) - The Group will continue to strictly control costs and strengthen overall business risk monitoring, aiming to achieve "increasing revenue and reducing expenditure"[39](index=39&type=chunk) Other Important Information [Shareholding Structure](index=16&type=section&id=Interests%20and%20Short%20Positions%20of%20Major%20Shareholders%20and%20Other%20Persons%20in%20Shares%2C%20Underlying%20Shares%20and%20Debentures) The report discloses the shareholding of major shareholders and directors holding over **5%** of the company's equity as of September 30, 2022, with Mr. Xiong Rongli and his associates, Mr. Lin Xuexin, Ms. Zhou Cuilian, Mr. Li Dong, and Ms. Lei Ying identified as key interest holders [Major Shareholders' Interests](index=16&type=section&id=Interests%20and%20Short%20Positions%20of%20Major%20Shareholders%20and%20Other%20Persons%20in%20Shares%2C%20Underlying%20Shares%20and%20Debentures) As of September 30, 2022, Goldcorp Industrial Limited, Mr. Xiong Rongli, Mr. Lin Xuexin, Mr. Li Dong, and their associates are the company's major shareholders Major Shareholders' Shareholding (As of September 30, 2022) | Shareholder Name | Number of Shares Held (Long Position) | Percentage of Shareholding | | :--- | :--- | :--- | | Goldcorp Industrial Limited | 136,307,500 | 10.35% | | Mr. Xiong Rongli (and his spouse Ms. Yao Bin) | 174,840,000 | 13.27% | | Mr. Lin Xuexin (and his spouse Ms. Zhou Cuilian) | 123,552,682 | 9.38% | | Mr. Li Dong (and his spouse Ms. Lei Ying) | 71,775,500 | 5.45% | [Directors' and Chief Executives' Interests](index=18&type=section&id=Interests%20and%20Short%20Positions%20of%20Directors%20and%20Chief%20Executives%20in%20Shares%2C%20Underlying%20Shares%20and%20Debentures) As of September 30, 2022, several directors held company shares and share options, with Mr. Xiong Rongli (resigned) and Mr. Lin Xuexin being the executive directors with the highest shareholding percentages Directors' Total Shareholding Interests (As of September 30, 2022) | Director Name | Total Interests (Shares) | Percentage of Issued Share Capital | | :--- | :--- | :--- | | Mr. Xiong Rongli (resigned) | 174,840,000 | 13.27% | | Mr. Lin Xuexin | 123,552,682 | 9.38% | | Mr. Cui Jian | 32,755,000 | 2.49% | | Mr. Xiong Ying | 18,410,322 | 1.40% | [Share Option Scheme](index=20&type=section&id=Share%20Option%20Scheme) The company has a share option scheme to incentivize directors and employees; the report details unexercised share options as of September 30, 2022, totaling **75,588,259** options, with no new grants, exercises, or lapses during the period - As of September 30, 2022, a total of **75,588,259** share options remained unexercised, involving directors, continuous contract employees, and consultants[58](index=58&type=chunk) - During the reporting period, no new share options were granted, exercised, or lapsed[58](index=58&type=chunk) [Corporate Governance](index=24&type=section&id=Corporate%20Governance%20Practices) The company claims compliance with the Corporate Governance Code, with one deviation: the CEO position has been vacant since November 1, 2022; the Audit and Risk Management Committee has reviewed the quarterly results and deemed them properly prepared and adequately disclosed - The company complies with the Corporate Governance Code, but with a deviation: the roles of Chairman and Chief Executive Officer are not separated, and the CEO position has been vacant since **November 1, 2022**[63](index=63&type=chunk) - The Audit and Risk Management Committee, comprising three independent non-executive directors, has reviewed the unaudited results for the period and deemed them adequately disclosed[69](index=69&type=chunk) - The company has a Remuneration Committee and a Nomination Committee, with adjustments made to their members after the reporting period[66](index=66&type=chunk)[67](index=67&type=chunk)

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]

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]