[Company Information and Disclaimer](index=1&type=section&id=I.%20Company%20Information%20and%20Disclaimer) This section covers GEM market characteristics, associated risks, and the directors' responsibility statement for report accuracy [GEM Market Characteristics and Risks](index=2&type=section&id=1.1%20GEM%20Market%20Characteristics%20and%20Risks) The GEM market provides a listing platform for SMEs but entails higher investment risks, potential market volatility, and uncertain liquidity - The GEM market is positioned as a listing platform for SMEs, but investment risks are higher[3](index=3&type=chunk) - Securities of GEM listed companies may experience greater market volatility and high liquidity is not guaranteed[3](index=3&type=chunk) [Directors' Responsibility Statement](index=2&type=section&id=1.2%20Directors'%20Responsibility%20Statement) Directors jointly and individually assume full responsibility for the report's content, confirming its accuracy, completeness, and absence of misleading or fraudulent information - The company's directors jointly and individually assume full responsibility for the content contained in this report[3](index=3&type=chunk) - Directors confirm that the report's information is accurate, complete, not misleading or fraudulent in all material aspects, and contains no omissions[3](index=3&type=chunk) [Financial Performance Overview](index=3&type=section&id=II.%20Financial%20Performance%20Overview) This section provides an overview of the group's financial performance, including the consolidated statement of profit or loss and changes in equity [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=3&type=section&id=2.1%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the nine months ended September 30, 2020, the group's sales revenue significantly decreased by 30.47% year-on-year, gross profit turned to loss, resulting in a net loss of RMB 17,361 thousand Key Data from Consolidated Statement of Profit or Loss and Other Comprehensive Income (For the nine months ended September 30) | Indicator | 2020 (RMB thousands) | 2019 (RMB thousands) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Sales Revenue | 49,770 | 71,587 | -30.47% | | Cost of Sales and Services | (49,484) | (47,936) | 3.23% | | Gross Profit | 286 | 23,651 | -98.79% | | Profit (Loss) Before Tax | (19,167) | 3,284 | -683.34% | | Profit (Loss) and Total Comprehensive Income (Expense) for the Period | (17,361) | 1,743 | -1096.10% | | Basic Earnings (Loss) Per Share (RMB cents) | (1.32) | 0.15 | -980.00% | [Consolidated Statement of Changes in Equity](index=4&type=section&id=2.2%20Consolidated%20Statement%20of%20Changes%20in%20Equity) As of September 30, 2020, the group's total equity was RMB 79,591 thousand, a decrease from RMB 96,952 thousand at the beginning of the year, primarily due to a net loss of RMB 17,361 thousand for the period Key Data from Consolidated Statement of Changes in Equity (As of September 30) | Indicator | September 30, 2020 (RMB thousands) | January 1, 2020 (RMB thousands) | September 30, 2019 (RMB thousands) | | :--- | :--- | :--- | :--- | | Share Capital | 12,538 | 12,538 | 12,538 | | Share Premium | 179,132 | 179,132 | 179,132 | | Accumulated Losses | (152,686) | (137,728) | (161,283) | | Total Equity | 79,591 | 96,952 | 73,691 | - According to the Bermuda Companies Act, share premium distribution is subject to the company's solvency and realizable value of assets[5](index=5&type=chunk) - Chinese subsidiaries are required to establish two non-distributable statutory reserves: an enterprise development fund and a statutory surplus reserve[6](index=6&type=chunk) [Notes to the Financial Statements](index=5&type=section&id=III.%20Notes%20to%20the%20Financial%20Statements) This section details the basis of preparation for the unaudited consolidated financial statements, adherence to IFRS and GEM Listing Rules, and the impact of new accounting standards [General Information](index=5&type=section&id=3.1%20General%20Information) This section explains the unaudited consolidated financial statements' preparation basis, adherence to IFRS, Hong Kong Companies Ordinance, and GEM Listing Rules, with RMB as the functional currency - Financial statements are prepared in accordance with International Financial Reporting Standards, the Hong Kong Companies Ordinance, and the GEM Listing Rules[8](index=8&type=chunk) - The Group's functional currency is RMB, accounting policies are consistent with the prior year, and the adoption of new IFRS had no material impact[9](index=9&type=chunk)[10](index=10&type=chunk) [Breakdown of Sales Revenue](index=5&type=section&id=3.2%20Breakdown%20of%20Sales%20Revenue) The group's sales revenue primarily derives from technical support services, followed by software and related hardware product sales, with technical support service revenue declining by 31.12% year-on-year Breakdown of Sales Revenue (For the nine months ended September 30) | Revenue Source | 2020 (RMB thousands) | 2019 (RMB thousands) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Sales of Software Products | 4,024 | 5,279 | -23.80% | | Sales of Related Hardware Products | 720 | 944 | -23.73% | | Provision of Technical Support Services | 45,026 | 65,364 | -31.12% | | **Total Sales Revenue** | **49,770** | **71,587** | **-30.47%** | [Other Income](index=6&type=section&id=3.3%20Other%20Income) For the nine months ended September 30, 2020, the group's total other income increased by 121.93% year-on-year to RMB 1,953 thousand, primarily due to a significant increase in other income items Breakdown of Other Income (For the nine months ended September 30) | Revenue Source | 2020 (RMB thousands) | 2019 (RMB thousands) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Interest Income | 510 | 371 | 37.47% | | Others | 1,443 | 509 | 183.50% | | **Total Other Income** | **1,953** | **880** | **121.93%** | [Income Tax Credit (Expense)](index=6&type=section&id=3.4%20Income%20Tax%20Credit%20(Expense)) For the nine months ended September 30, 2020, the group recorded an income tax credit of RMB 1,806 thousand, compared to an income tax expense of RMB 1,541 thousand in the prior period, mainly due to deferred tax turning into a credit Breakdown of Income Tax Credit (Expense) (For the nine months ended September 30) | Indicator | 2020 (RMB thousands) | 2019 (RMB thousands) | Change (RMB thousands) | | :--- | :--- | :--- | :--- | | China Corporate Income Tax - Under-provision for prior years | (72) | – | (72) | | Deferred Tax - Current Period | 1,878 | (1,541) | 3,419 | | **Total Income Tax Credit (Expense)** | **1,806** | **(1,541)** | **3,347** | - Hangzhou Xinli Technology Co., Ltd., as a high-tech enterprise, enjoys a preferential China corporate income tax rate of **15%**[14](index=14&type=chunk) - The Group generated no assessable profits in Hong Kong, thus no Hong Kong profits tax provision was made; no assessable profits were generated in China in 2020 either[16](index=16&type=chunk) [Earnings (Loss) Per Share](index=7&type=section&id=3.5%20Earnings%20(Loss)%20Per%20Share) For the nine months ended September 30, 2020, the loss attributable to owners of the company was RMB 17,361 thousand, resulting in basic and diluted loss per share of RMB 1.32 cents Earnings (Loss) Per Share Calculation (For the nine months ended September 30) | Indicator | 2020 (RMB thousands/thousand shares) | 2019 (RMB thousands/thousand shares) | | :--- | :--- | :--- | | Profit (Loss) for the Period Attributable to Owners of the Company | (17,361) | 1,743 | | Weighted Average Number of Ordinary Shares (thousand shares) | 1,317,240 | 1,149,143 | | Basic Earnings (Loss) Per Share (RMB cents) | (1.32) | 0.15 | | Diluted Earnings (Loss) Per Share (RMB cents) | (1.32) | 0.15 | - For the nine months in 2020 and 2019, diluted earnings (loss) per share calculation did not assume the exercise of certain share options, as their exercise price was higher than the average market price[20](index=20&type=chunk) [Dividend Policy](index=8&type=section&id=3.6%20Dividend%20Policy) The Board does not recommend paying a dividend for the nine months ended September 30, 2020, consistent with the prior period - The Board does not recommend paying a dividend for the nine months ended September 30, 2020[21](index=21&type=chunk) [Management Discussion and Analysis](index=9&type=section&id=IV.%20Management%20Discussion%20and%20Analysis) This section reviews the use of proceeds from the rights issue, financial performance, business operations, and future strategies, highlighting the impact of the global financial crisis and COVID-19 [Use of Proceeds from Rights Issue](index=9&type=section&id=4.1%20Use%20of%20Proceeds%20from%20Rights%20Issue) The company completed a rights issue in May 2019, raising approximately HKD 24.42 million net, primarily for general working capital, with HKD 4.10 million remaining as of September 30, 2020 - A rights issue was completed in May 2019, raising net proceeds of approximately **HKD 24.42 million** (approximately **RMB 21.564 million**)[23](index=23&type=chunk) - The net proceeds are intended for the Group's general working capital[23](index=23&type=chunk) Summary of Use of Proceeds from Rights Issue (As of September 30, 2020) | Purpose | Planned Net Proceeds (HKD millions) | Actual Amount Used (HKD millions) | Unused Balance (HKD millions) | Expected Timeline | | :--- | :--- | :--- | :--- | :--- | | General Working Capital | 24.42 | 20.32 | 4.10 | December 31, 2020 | [Financial Review and Performance](index=10&type=section&id=4.2%20Financial%20Review%20and%20Performance) For the nine months ended September 30, 2020, the group's sales revenue decreased by approximately 30%, leading to a net loss of RMB 17,361 thousand, primarily due to declining technical support service revenue and increased staff costs - Sales revenue was approximately **RMB 49.77 million**, a decrease of approximately **30%** year-on-year, mainly due to a **31%** decline in technical support service revenue[26](index=26&type=chunk) - Cost of sales was approximately **RMB 49.484 million**, an increase of **3%**, and administrative expenses were approximately **RMB 11.181 million**, an increase of **13%**, both primarily due to increased staff costs[26](index=26&type=chunk) - Distribution and selling expenses were approximately **RMB 9.009 million**, a decrease of **14%**, mainly due to the implementation of effective cost-saving measures[26](index=26&type=chunk) - Finance costs were approximately **RMB 1.659 million**, a decrease of approximately **16%**, mainly due to reduced interest expenses on lease liabilities and decreased borrowings[27](index=27&type=chunk) - The Group recorded a net loss of approximately **RMB 17.361 million**, turning from profit to loss primarily due to a significant decline in business revenue impacted by the COVID-19 pandemic[27](index=27&type=chunk) [Business Review](index=11&type=section&id=4.3%20Business%20Review) In Q3 2020, the group's business was severely hampered by the global financial crisis and COVID-19, leading to a 30% sales decline and a loss, prompting strategic adjustments towards online payment services and expanded offline merchant services - Affected by the global financial crisis and COVID-19, banking business was significantly delayed, leading to a **30%** year-on-year sales decline in Q3 and a loss of **RMB 17.361 million** for the first nine months[29](index=29&type=chunk) - Under the 'Payment + Service' strategy, payment business R&D shifted towards online, integrating WeChat Pay and China Construction Bank channels, launching cloud-based MIS, and moving payment scenarios from offline to online[29](index=29&type=chunk) - Service business expanded into offline markets, with merchant services now covering **15 provinces**, gradually integrating bank merchant outsourcing services with payment products to form combined offerings[30](index=30&type=chunk) - Collaborating with city commercial banks like Bank of Beijing and Bank of Shanghai, the group rapidly expanded financial products using existing customer and market resources, and integrated local and foreign currency products during the pandemic to build a more comprehensive financial system[32](index=32&type=chunk) [Future Outlook](index=12&type=section&id=4.4%20Future%20Outlook) The group will continue to leverage "Payment + Outsourcing Services," business district platforms, and "Bank-School Link" as big data sources, forming an "OFFLINE TO ONLINE" operational model, promoting bank collaborations, and strictly controlling costs - "Payment + Outsourcing Services," business district platforms, and "Bank-School Link" remain key big data sources for the Group, forming a unique "OFFLINE TO ONLINE" operational model[33](index=33&type=chunk) - The "combination punch" development approach will better align with overall financial environment needs, with the Group continuing strict cost control and enhanced risk monitoring to achieve a virtuous cycle of 'increasing revenue and reducing expenditure'[33](index=33&type=chunk) [Equity and Directors' Interests](index=13&type=section&id=V.%20Equity%20and%20Directors'%20Interests) This section details the interests of major shareholders, directors, and chief executives in the company's shares and share options, including the share option scheme [Major Shareholders' Interests](index=13&type=section&id=5.1%20Major%20Shareholders'%20Interests) As of September 30, 2020, Goldcorp Industrial Limited and Great Song Enterprises Limited each held 32.78% of the company's shares, with Mr. Xiong Rongli and Ms. Li Qiling indirectly holding the same, and Ms. Yao Bin deemed to have a 44.14% interest Major Shareholders' Interests in the Company's Ordinary Shares (As of September 30, 2020) | Shareholder Name | Capacity/Nature of Interest | Number of Shares Held (Long Position) | Percentage of Share Capital Held | | :--- | :--- | :--- | :--- | | Goldcorp Industrial Limited | Beneficial Owner | 431,782,500 | 32.78% | | Great Song Enterprises Limited | Beneficial Owner | 431,782,500 | 32.78% | | Mr. Xiong Rongli | Corporate Interest | 431,782,500 | 32.78% | | Mr. Xiong Rongli | Beneficial Owner | 72,782,500 | 5.53% | | Ms. Li Qiling | Corporate Interest | 431,782,500 | 32.78% | | Ms. Yao Bin | Family Interest | 581,466,500 | 44.14% | Major Shareholders' Interests in Share Options (As of September 30, 2020) | Shareholder Name | Capacity/Nature of Interest | Number of Share Options Held | Number of Underlying Shares | | :--- | :--- | :--- | :--- | | Mr. Xiong Rongli | Beneficial Owner | 76,901,500 | 76,901,500 | - Goldcorp Industrial Limited is jointly held by Mr. Xiong Rongli and Great Song Enterprises Limited, which is wholly owned by Ms. Li Qiling[38](index=38&type=chunk) [Directors' and Chief Executive's Interests](index=15&type=section&id=5.2%20Directors'%20and%20Chief%20Executive's%20Interests) As of September 30, 2020, Mr. Xiong Rongli, as Chairman, Executive Director, and controlling shareholder, held a total interest of 44.14% in the company's shares and share options, with other directors also holding interests Directors' Interests in the Company's Securities (As of September 30, 2020) | Director Name | Capacity/Nature of Interest | Interest in Ordinary Shares | Interest in Underlying Shares from Share Options | Total Interest | Total Percentage of Company's Issued Share Capital | | :--- | :--- | :--- | :--- | :--- | :--- | | Mr. Xiong Rongli | Corporate Interest | 431,782,500 | – | 431,782,500 | 32.78% | | Mr. Xiong Rongli | Beneficial Owner | 72,782,500 | 76,901,500 | 149,684,000 | 11.36% | | Mr. Xiong Ying | Beneficial Owner | 14,547,500 | 3,862,822 | 18,410,322 | 1.40% | | Mr. Lin Xuexin | Beneficial Owner | 9,470,000 | 5,809,021 | 15,279,021 | 1.16% | | Mr. Pu Bingrong | Beneficial Owner | – | 307,606 | 307,606 | 0.02% | | Mr. Tan Guoqing | Beneficial Owner | – | 307,606 | 307,606 | 0.02% | | Mr. Lu Jingwen | Beneficial Owner | – | 307,606 | 307,606 | 0.02% | Directors' Interests in Associated Corporations (As of September 30, 2020) | Director Name | Capacity/Nature of Interest | Name of Associated Corporation | Number of Ordinary Shares Held | Percentage of Total Shares in Associated Corporation | | :--- | :--- | :--- | :--- | :--- | | Mr. Xiong Rongli | Beneficial Owner | Goldcorp Industrial Limited | 1 | 50% | [Share Option Scheme](index=16&type=section&id=5.3%20Share%20Option%20Scheme) The company's share option scheme, adopted in 2001 and replaced in 2011, aims to reward directors and eligible employees, with 198,275,729 unexercised options as of September 30, 2020 - The company's share option scheme was adopted in 2001, expired in 2011, and was replaced by a new scheme to reward directors and eligible employees[43](index=43&type=chunk) - The scheme's authorized limit has been updated multiple times, most recently on May 11, 2018, allowing subscription for a total of **61,032,000 shares**, representing approximately **6.95%** of the issued share capital[45](index=45&type=chunk) - The exercise price of share options is determined by the Board, not less than the higher of the closing price on the grant date and the average closing price for the preceding five days[46](index=46&type=chunk) Overview of Unexercised Share Options (As of September 30, 2020) | Director Name, Continuing Contract Employees and Consultants | Exercise Period | Adjusted Exercise Price (HKD) | Unexercised Share Options as of January 1, 2020 | Share Options Lapsed During the Period | Unexercised Share Options as of September 30, 2020 | | :--- | :--- | :--- | :--- | :--- | :--- | | Pu Bingrong | 2010.07.19-2020.01.18 | 0.1690 | 709,860 | (709,860) | – | | Tan Guoqing | 2010.07.19-2020.01.18 | 0.1690 | 709,860 | (709,860) | – | | Lu Jingwen | 2010.07.19-2020.01.18 | 0.1690 | 709,860 | (709,860) | – | | Xiong Ying | 2010.07.19-2020.01.18 | 0.1690 | 2,957,750 | (2,957,750) | – | | Lin Xuexin | 2010.07.19-2020.01.18 | 0.1690 | 769,015 | (769,015) | – | | Xiong Rongli | 2011.02.28-2021.01.09 | 0.6170 | 76,901,500 | – | 76,901,500 | | Lin Xuexin | 2011.02.28-2021.01.12 | 0.6035 | 816,339 | – | 816,339 | | Continuing Contract Employees (excluding Directors) | 2011.02.28-2021.01.12 | 0.6035 | 13,723,960 | – | 13,723,960 | | Xiong Ying | 2015.05.15-2025.05.14 | 0.3635 | 2,247,890 | – | 2,247,890 | | Lin Xuexin | 2015.05.15-2025.05.14 | 0.3635 | 3,549,300 | – | 3,549,300 | | Pu Bingrong | 2017.04.07-2027.04.06 | 0.1538 | 307,606 | – | 307,606 | | Tan Guoqing | 2017.04.07-2027.04.06 | 0.1538 | 307,606 | – | 307,606 | | Lu Jingwen | 2017.04.07-2027.04.06 | 0.1538 | 307,606 | – | 307,606 | | **Total** | | | **216,069,553** | **(17,793,824)** | **198,275,729** | [Corporate Governance and Compliance](index=21&type=section&id=VI.%20Corporate%20Governance%20and%20Compliance) This section outlines the company's adherence to corporate governance practices, including securities transactions, conflicts of interest, and the roles of its remuneration, nomination, and audit committees [Dealings in Listed Securities](index=21&type=section&id=6.1%20Dealings%20in%20Listed%20Securities) During the reporting period, neither the company nor its subsidiaries purchased, sold, or redeemed any of the company's listed securities - Neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities[54](index=54&type=chunk) [Competition and Conflicts of Interest](index=21&type=section&id=6.2%20Competition%20and%20Conflicts%20of%20Interest) For the nine months ended September 30, 2020, no directors, management shareholders, major shareholders, or their associates engaged in any business competing with the group or had other conflicts of interest - No directors, management shareholders, major shareholders, or their associates engaged in any business competing or potentially competing with the Group, nor did any other conflicts of interest arise[55](index=55&type=chunk) [Corporate Governance Practices](index=21&type=section&id=6.3%20Corporate%20Governance%20Practices) The company consistently complied with the code provisions of the Corporate Governance Code as set out in Appendix 15 of the GEM Listing Rules for the nine months ended September 30, 2020 - The company consistently complied with the code provisions of the Corporate Governance Code as set out in Appendix 15 of the GEM Listing Rules for the nine months ended September 30, 2020[56](index=56&type=chunk) [Directors' Securities Transactions](index=21&type=section&id=6.4%20Directors'%20Securities%20Transactions) For the nine months ended September 30, 2020, the company complied with GEM Listing Rules 5.48 to 5.67 regarding directors' securities transactions, with no non-compliance with the code of conduct - The company complied with GEM Listing Rules 5.48 to 5.67 regarding directors' securities transactions, with no non-compliance with the code of conduct identified[57](index=57&type=chunk) [Remuneration Committee](index=21&type=section&id=6.5%20Remuneration%20Committee) Established in November 2005, the Remuneration Committee's primary role is to review and recommend remuneration policies for directors and senior management, chaired by Mr. Pu Bingrong - The Remuneration Committee was established in November 2005, primarily to review and recommend remuneration policies for directors and senior management[58](index=58&type=chunk) - The Remuneration Committee is chaired by Mr. Pu Bingrong, with members including Mr. Xiong Rongli, Mr. Tan Guoqing, and Mr. Lu Jingwen[58](index=58&type=chunk) [Nomination Committee](index=22&type=section&id=6.6%20Nomination%20Committee) Established in March 2012, the Nomination Committee formulates nomination policies, advises on director appointments and board succession, and reviews the Board Diversity Policy, chaired by Mr. Xiong Rongli - The Nomination Committee was established in March 2012, primarily to formulate nomination policies, advise on director nominations and appointments, and develop and review the Board Diversity Policy[60](index=60&type=chunk) - The Nomination Committee is chaired by Mr. Xiong Rongli, with members including Mr. Pu Bingrong, Mr. Tan Guoqing, and Mr. Lu Jingwen[60](index=60&type=chunk) [Audit and Risk Management Committee](index=22&type=section&id=6.7%20Audit%20and%20Risk%20Management%20Committee) Established on August 27, 2001, the Audit and Risk Management Committee reviews and oversees the group's financial reporting, internal controls, and risk management systems, confirming the unaudited results' compliance with accounting standards - The Audit and Risk Management Committee was established on August 27, 2001, primarily to review and oversee the Group's financial reporting, internal control, and risk management systems[61](index=61&type=chunk) - The Committee reviewed the unaudited results for the nine months ended September 30, 2020, deeming them prepared in accordance with applicable accounting standards and regulations, with adequate disclosure[61](index=61&type=chunk) - The Committee is chaired by Mr. Pu Bingrong, with members including Mr. Tan Guoqing and Mr. Lu Jingwen, all independent non-executive directors[61](index=61&type=chunk)

* 僅供識別 （於百慕達註冊成立的有限公司） （股份代號：8076） 截至二零二零年六月三十日止 六個月的 中期業績報告 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 ...

（於百慕達註冊成立的有限公司） （股份代號：8076） 截至二零二零年三月三十一日止 三個月的 第一季度業績報告 * 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 ...

SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司 Annual Report 2019 年報 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。 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE"STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a high investment risk may be attached than other companies listed on the Stoc ...

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]

（於百慕達註冊成立的有限公司） （股份代號：8076） 截至二零一九年六月三十日止 六個月的 中期業績報告 * 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 ...

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]