Financial Performance - For the six months ended June 30, 2024, the company reported total revenue of approximately HKD 26,000,000, a decrease of about 7.14% from HKD 28,000,000 in the same period last year[5]. - The net loss for the same period was approximately HKD 25,000,000, compared to a net loss of HKD 12,000,000 in the previous year, indicating a significant increase in losses[5]. - The group's revenue for the six months ended June 30, 2024, was approximately HKD 25,964,172, a decrease of about 8% compared to HKD 28,270,554 for the same period in 2023[10]. - Gross profit for the same period was approximately HKD 16,041,075, down 15% from HKD 18,870,604 in the previous year, resulting in a gross margin decline from approximately 67% to 62%[12]. - The group reported a net loss of approximately HKD 25,397,930 for the six months ended June 30, 2024, compared to a net loss of HKD 11,751,122 for the same period in 2023[10]. - The company reported a loss before tax of HKD 24,823,655, significantly higher than the loss of HKD 11,083,369 for the six months ended June 30, 2023[24]. - Total comprehensive loss for the period was HKD 25,503,679, compared to HKD 11,755,374 in the previous year, reflecting a substantial increase in losses[25]. - Basic and diluted loss per share for the six months ended June 30, 2024, was HKD 10.97, compared to HKD 5.06 for the same period in 2023[25]. - The company reported a total comprehensive expense of HKD 25,312,652 for the six months ended June 30, 2024, which includes both losses and other comprehensive expenses[29]. Revenue Breakdown - Revenue from the advertising and media business was approximately HKD 22,000,000, down about 9% from HKD 24,000,000 in the prior year[5]. - The financial services segment generated total revenue of approximately HKD 4,000,000, maintaining a similar level compared to the previous year[5]. - Revenue from customer contracts decreased to HKD 22,002,677 for the six months ended June 30, 2024, down 8.8% from HKD 24,113,209 in the prior year[37]. - Advertising and media services generated revenue of HKD 21,763,388, down from HKD 24,024,121 in 2023, reflecting a decrease of about 9.4%[41]. - Financial services revenue was HKD 4,200,784, slightly down from HKD 4,246,433 in the previous year, indicating a decrease of approximately 1.1%[41]. Expenses and Costs - Administrative expenses rose to approximately HKD 40,500,000, an increase of about 11% from HKD 36,500,000 in the previous year, primarily due to higher employee costs and professional service fees[12]. - The total employee cost for the six months ended June 30, 2024, was approximately HKD 16,000,000, compared to HKD 14,000,000 for the same period in 2023[19]. - The company's service costs increased to HKD 9,923,097 for the six months ended June 30, 2024, compared to HKD 9,399,950 for the same period in 2023, representing an increase of about 5.6%[47]. - The company incurred financing costs of HKD 556,192 for the six months ended June 30, 2024, compared to HKD 871,537 for the same period in 2023, showing a decrease of approximately 36.1%[46]. Assets and Liabilities - The company's cash and cash equivalents were approximately HKD 68,000,000 as of June 30, 2024, down from HKD 81,000,000 at the end of 2023[13]. - The debt ratio as of June 30, 2024, was approximately 3.1%, up from 2.3% at the end of 2023[14]. - Non-current assets decreased to HKD 6,948,400 as of June 30, 2024, from HKD 10,616,681 as of December 31, 2023[27]. - Current assets increased slightly to HKD 168,632,783 from HKD 197,153,331 at the end of 2023[27]. - Total liabilities decreased to HKD 50,187,035 from HKD 55,844,193 as of December 31, 2023[27]. - The company's net asset value as of June 30, 2024, was HKD 124,754,949, down from HKD 150,258,628 at the end of 2023[28]. - The total assets as of June 30, 2024, amounted to HKD 175,581,183, compared to HKD 207,770,012 as of December 31, 2023, showing a decrease of approximately 15.5%[41]. - Total liabilities as of June 30, 2024, were HKD 50,826,234, down from HKD 57,511,384 as of December 31, 2023, reflecting a decrease of about 11.7%[41]. Strategic Outlook - The company plans to explore new investment opportunities in various sectors to achieve business diversification and sustainable development[5]. - The management acknowledges the challenges in the Hong Kong securities industry, which continues to lag behind other major markets[6]. - The company will continue to monitor market developments and adjust its business strategies as necessary to mitigate negative impacts[6]. - The outlook for the financial services business remains challenging, influenced by the pace of recovery in local and global financial markets[6]. Shareholder Information - The company did not declare any dividends for the six months ended June 30, 2024, consistent with the previous year[18]. - The company did not recommend any dividend payment for the six months ended June 30, 2024, consistent with the previous year[50]. - The company's issued and fully paid share capital remained at HKD 2,294,184 as of June 30, 2024, unchanged from December 31, 2023[64]. - As of June 30, 2024, the company had a total of 229,418,448 shares issued, with An Xilei holding 6,800,000 shares, representing approximately 2.96% of the company's equity[70]. - Masan Multi Strategy Fund SPC – Masan HK Equity Fund SP holds 49,032,000 shares, accounting for 21.37% of the company's equity[73]. Governance and Compliance - The audit committee reviewed the unaudited condensed consolidated financial information for the six months ending June 30, 2024, ensuring compliance with applicable accounting standards[80]. - The company has not established an internal audit function but will hire an independent external consultant annually to review its risk management and internal control systems[79]. - The company provided quarterly updates to the board instead of monthly updates, including consolidated financial statements and key events during the reporting period[79]. - The company has complied with the corporate governance code as per GEM Listing Rules, except for the absence of an internal audit function[78].

Financial Performance - The company reported a net loss of 32,598,174 for the year ended December 31, 2022, which has been corrected in the financial review section of the annual report[3] - The annual results announcement and the full annual report were published on March 28, 2024, detailing the audited consolidated performance for the fiscal year[4] Governance and Compliance - The board of directors confirmed that the information provided in the announcement is accurate and complete, with no misleading or fraudulent elements[6]

Financial Performance - The company's revenue for the fiscal year was approximately HKD 57,960,680, an increase from HKD 55,568,368 in the previous year[101]. - The net loss for the year was HKD 49,612,842, compared to a loss of HKD 32,598,174 in 2022, indicating a significant decline in financial performance[119]. - The gross profit for the year was approximately HKD 36,300,000, which represents a 1% increase from the previous year, while the gross margin decreased from 65% to 63% due to increased service costs[114]. - The company's total asset value was HKD 207,770,012, down from HKD 281,057,270 in 2022, reflecting a decrease in overall asset management[119]. - The company's net loss for the fiscal year was approximately HKD 49,600,000, compared to a net loss of HKD 32,600,000 in the previous year[131]. - The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) for the fiscal year was approximately HKD 36,500,000, compared to HKD 22,700,000 in the previous year[132]. Cash Flow and Financing - The company reported a cash and cash equivalents balance of HKD 80,542,016 as of December 31, 2023, down from HKD 116,310,449 in 2022, representing a decrease of approximately 30.8%[29]. - The net cash used in financing activities was HKD (12,536,068) for the year 2023, compared to HKD 52,533,401 in 2022, indicating a significant reduction in financing inflows[29]. - The company reported a net cash outflow from financing activities of HKD (12,536,063) for the year, compared to HKD (9,082,943) in the previous year[29]. - The net current assets of the group as of December 31, 2023, are approximately HKD 141,000,000, down from HKD 180,000,000 in 2022[66]. - The cash and cash equivalents as of December 31, 2023, are approximately HKD 81,000,000, a decrease from HKD 116,000,000 in 2022[66]. - The debt ratio as of December 31, 2023, is approximately 2.3%, compared to 1.9% in 2022, indicating a slight increase in leverage[67]. Shareholder Information - The total number of shares held by Mr. An Xilei is 6,800,000, representing approximately 2.96% of the company's equity[2]. - Masan Multi Strategy Fund SPC holds 57,672,000 shares, accounting for 25.13% of the company's equity[4]. - The company's issued share capital as of December 31, 2023, was HKD 2,294,184.48, consisting of 229,418,448 fully paid shares[48]. - The company’s total equity decreased from HKD 179,729,641 in 2022 to HKD 131,246,864 in 2023, reflecting a decline of approximately 26.9%[27]. - The board of directors did not recommend any dividend for the fiscal year ending December 31, 2023, consistent with the previous year[49]. Corporate Governance - The board consists of independent non-executive directors with extensive experience in corporate governance and finance[97]. - The company has a dedicated audit committee, remuneration committee, and nomination committee to oversee governance practices[99]. - The board is committed to improving corporate governance principles and practices, aligning with the GEM Listing Rules[91]. - The company has complied with the applicable code provisions of the new corporate governance code for the year ending December 31, 2023[91]. - The board is responsible for overseeing the company's performance and activities, ensuring accountability to shareholders[178]. Risk Management and Compliance - The default probability for 2023 is calculated at 39.3%, compared to 35.2% in 2022, reflecting an increase in perceived risk[63]. - The estimated provision for expected credit losses related to receivable margin loans is approximately HKD 23,526,000 for 2023, compared to HKD 17,256,000 in 2022[65]. - The group has adopted an anti-corruption policy to ensure compliance with applicable anti-corruption laws and regulations since November 11, 2022[146]. - The company has not pledged any assets as collateral as of December 31, 2023[52]. - There were no significant contingent liabilities reported as of December 31, 2023[53]. Business Operations and Strategy - The company aims to achieve long-term value through a flexible business model while maintaining a prudent approach to sustain value[91]. - The management highlighted the importance of expanding margin financing services, which accounted for approximately 95% of the revenue from its subsidiary, Cornerstone Securities[105]. - The company plans to maintain communication with existing clients and explore opportunities with potential clients to mitigate the challenges in the current market environment[105]. - The company aims to explore potential business opportunities in various sectors to achieve business diversification and sustainable development[131]. - The company has partnered with Hivestack to enhance programmatic digital out-of-home (pDOOH) advertising experiences in Hong Kong, anticipating significant growth in this area over the coming years[126]. Employee and Administrative Information - The company reported a total employee cost of approximately HKD 30 million for the fiscal year, an increase from HKD 29 million in 2022, with a total of 53 employees as of December 31, 2023[50]. - The group's administrative expenses for the year ended December 31, 2023, were approximately HKD 78.7 million, an increase of about 28% compared to HKD 61.6 million in 2022[158]. - The remuneration committee is responsible for reviewing and approving management's compensation plans, with no stock option plans currently in place as of December 31, 2023[196]. Environmental and Social Responsibility - The group aims to reduce energy consumption and carbon emissions as part of its environmental strategy[199]. - Regular monitoring of paper and toner cartridge usage is conducted, with multiple measures implemented to reduce consumption[200]. - The group encourages employees to recycle and reuse waste, striving for waste reduction and sustainability in operations[200]. - Environmental management policies and procedures have been established to govern greenhouse gas emissions and waste management[199]. - High standards in waste reduction are maintained, with training provided to employees on the importance of sustainable development[200].

Financial Performance - For the fiscal year ending December 31, 2023, the company reported a revenue of HKD 57,960,680, an increase from HKD 55,568,368 in 2022, representing a growth of approximately 4.5%[154]. - The gross profit for 2023 was HKD 36,265,866, slightly up from HKD 35,881,869 in 2022, indicating a marginal increase of about 1.1%[154]. - The net loss attributable to the company's owners for 2023 was approximately HKD 48,637,971, compared to a net loss of HKD 31,985,715 in 2022, reflecting an increase in losses of about 52%[143]. - Administrative expenses rose to approximately HKD 78,700,000 in 2023, up about 28% from HKD 61,600,000 in 2022, attributed to business recovery efforts and strategic planning[155]. - The company reported total revenue of approximately HKD 58 million for the fiscal year ending December 31, 2023, compared to HKD 55.6 million in the previous year, representing an increase of about 4%[167]. - The company's net loss for the fiscal year was approximately HKD 49.6 million, compared to a net loss of HKD 32.6 million in the previous year[167]. - The total assets of the company decreased to HKD 207.77 million in 2023 from HKD 281.06 million in 2022, indicating a decline of about 26%[164]. - The company's net asset value was HKD 150.26 million in 2023, down from HKD 199.74 million in 2022, reflecting a decrease of approximately 25%[164]. - The gross profit for the fiscal year was approximately HKD 36.3 million, a slight increase of about 1% from the previous year, with a gross margin decrease from 65% to 63%[177]. - The group's revenue for the year ended December 31, 2023, was approximately HKD 58,000,000, an increase of about 4% from HKD 55,600,000 in 2022[196]. - Revenue from the advertising and media business increased by approximately 6% to HKD 49,200,000 in 2023, compared to HKD 46,300,000 in 2022[196]. - The group's EBITDA for the year ended December 31, 2023, was approximately HKD 36,500,000, compared to HKD 22,700,000 in the previous year, marking an increase of about 60.8%[197]. Corporate Governance - The company aims to achieve long-term value through a flexible business model while maintaining a prudent approach to sustain value[22]. - The board of directors emphasizes the importance of good corporate governance as a factor for success and balancing the interests of shareholders, customers, and employees[22]. - The company has complied with the applicable code provisions of the new corporate governance code for the year ending December 31, 2023[22]. - The board consists of executive directors and independent non-executive directors, with recent changes in leadership roles[24]. - The company has adopted the standards for securities trading by directors as per GEM Listing Rules[23]. - The independent non-executive directors bring extensive experience in law, finance, and corporate governance to the board[17][18]. - The company is committed to continuous improvement of corporate governance principles and practices[22]. - The management discussion and analysis section of the annual report provides detailed performance and financial review for the year ending December 31, 2023[22]. - The company has a strategy to cultivate a culture of good corporate governance among employees[22]. - The board aims to contribute to the business development while enhancing awareness of legal, ethical, and responsible conduct among employees[22]. - The board of directors held one annual general meeting in 2023, with all executive directors attending 100% of board meetings[30]. - The independent non-executive directors also maintained a 100% attendance rate at board meetings, demonstrating strong governance practices[30]. - The company has established a nomination committee to review board diversity and recommend candidates for re-election, reflecting a commitment to governance standards[46]. - The company has arranged appropriate liability insurance for its directors, which is reviewed annually to ensure adequate coverage[34]. - The independent non-executive directors provided valuable advice and recommendations to the board, ensuring a balanced decision-making process[34]. - The company has implemented a training program for directors and senior management to keep them updated on legal and regulatory changes[49]. - The board's diversity policy was reviewed, emphasizing the importance of diverse perspectives in governance[43]. - The company has adopted a whistleblowing policy as of November 11, 2022, allowing employees and stakeholders to confidentially report concerns regarding improper conduct in operations and financial reporting[58]. - The board of directors is responsible for overseeing the company's performance and has established various committees to handle specific matters, ensuring compliance with corporate governance codes[60]. - The company has a remuneration policy aimed at ensuring competitive and fair compensation for executive directors based on their skills, knowledge, and contributions[78]. - The company confirmed that it has set up appropriate and effective management policies and internal control systems regarding environmental, social, and governance matters[104]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to sustainable development, as outlined in its environmental, social, and governance report[71]. - The company has established a comprehensive risk management and internal control system to identify and manage significant risks to achieve business objectives[83]. - The company has integrated environmental, social, and governance principles into its risk management system to pursue sustainable business models[98]. - The company has been actively assessing its environmental, social, and governance (ESG) practices to enhance stakeholder engagement and improve overall performance[119]. - The company has implemented policies and procedures for environmental management to govern its operations and manage greenhouse gas emissions and waste[123]. - The company aims to reduce energy consumption and carbon emissions as part of its environmental policy, focusing on minimizing adverse environmental impacts from its operations[123]. - The company encourages stakeholders to provide feedback on its environmental, social, and governance report and sustainable development performance[105]. - The company reported a total of 0.2 tons of non-hazardous waste (paper) and 8.2 units of toner cartridges during the reporting period[109]. - The company generated no significant emissions or harmful waste during the reporting period, primarily producing non-hazardous waste such as paper and toner cartridges[107]. - The company is focused on employee development and training as part of its social responsibility initiatives[121]. - The company has outlined its key ESG areas, including emissions management, resource utilization, and community investment[121]. - The company plans to continue evaluating significant environmental, social, and governance issues to determine their impact on business operations and stakeholder interests[120]. Strategic Direction and Future Outlook - The company did not engage in any significant acquisitions or disposals during the fiscal year, indicating a focus on internal growth strategies[38]. - The chairman and executive director, who was absent from the annual general meeting, resigned effective September 5, 2023, highlighting changes in leadership[30]. - The executive committee held one meeting during the fiscal year, with the previous chairman resigning and a new chairman appointed on September 5, 2023[52]. - The company plans to maintain communication with existing clients and explore opportunities with potential clients to mitigate challenges in the current operating environment[147]. - The company plans to continue expanding its digital outdoor media network and expects programmatic digital out-of-home (pDOOH) advertising to be a major growth driver in the coming years[171]. - The company will explore new investment opportunities in various sectors to achieve business diversification and sustainable development[167]. - The estimated growth rate for cash-generating units in Hong Kong and Singapore is projected at 2.0% based on anticipated inflation rates through 2028[160]. - The estimated revenue growth rates for the Hong Kong cash-generating unit from 2024 to 2028 are projected at 5.60%, 4.88%, 4.16%, 3.44%, and 2.72% respectively[200]. - The estimated revenue for the Hong Kong cash-generating unit in 2024 is projected to be HKD 27,300,000, increasing to HKD 31,700,000 by 2028[200]. - The estimated revenue for the Singapore cash-generating unit in 2024 is projected to be HKD 25,700,000, increasing to HKD 32,800,000 by 2028[200].

Financial Performance - For the nine months ended September 30, 2023, the company recorded total revenue of approximately HKD 43.1 million, compared to HKD 39.6 million for the same period last year, representing an increase of about 3.8%[5] - The advertising and media business generated revenue of approximately HKD 36.6 million, an increase of about 12% from HKD 32.6 million in the previous year[5] - The financial services business reported revenue of approximately HKD 6.5 million, a decrease of about 6% from HKD 6.9 million in the previous year[5] - The group's revenue for the nine months ended September 30, 2023, was approximately HKD 43,111,305, representing a 9% increase compared to HKD 39,563,743 for the same period in 2022[16] - Revenue from the advertising and media business increased by approximately 12% or HKD 4,000,000 to HKD 36,600,000, compared to HKD 32,600,000 for the same period in 2022[17] - Gross profit for the nine months ended September 30, 2023, was HKD 27,987,808, up from HKD 24,687,058 in the previous year, reflecting a growth of 13.4%[39] - The group recorded a loss attributable to owners of approximately HKD 20,600,000 for the nine months ended September 30, 2023, compared to a loss of HKD 20,300,000 in the same period last year[21] - For the nine months ended September 30, 2023, the company reported a loss attributable to owners of HKD (20,644,686) compared to a loss of HKD (20,317,548) for the same period in 2022, indicating a slight increase in losses of 1.6%[35] - The group recorded a total comprehensive loss of HKD (20,881,175) for the nine months ended September 30, 2023, compared to HKD (20,052,524) in the same period of 2022, reflecting an increase of 4.1%[35] Expenses and Losses - Administrative expenses increased by approximately 33% to HKD 58,100,000, up from HKD 43,600,000 in the same period last year, due to business recovery and strategic planning[20] - The basic and diluted loss per share for the nine months ended September 30, 2023, was HKD (9.00), an improvement from HKD (12.64) in the same period of 2022[35] - The financing costs for the nine months ended September 30, 2023, were HKD (1,217,343), up from HKD (1,012,194) in the previous year, indicating a rise of 20.3%[39] - The company reported a loss before tax of HKD (20,105,622) for the nine months ended September 30, 2023, compared to HKD (19,094,254) in the same period of 2022, representing an increase of 5.3%[39] Business Outlook and Strategy - The company remains cautiously optimistic about the future outlook of its core business as market recovery continues[5] - The company plans to explore various business opportunities and maintain operations in existing businesses for sustainable development[5] - The management will continue to monitor external environments and adjust business strategies as necessary[5] - The group plans to continue expanding its digital outdoor media network, starting with selected locations and identifying new static/LED outdoor sites[19] - The group expects advertising spending to continue increasing in the fourth quarter of 2023 as the advertising and media business gradually recovers post-COVID-19[19] Assets and Liabilities - The group's net current assets as of September 30, 2023, were approximately HKD 157,000,000, down from HKD 180,000,000 as of December 31, 2022[22] - The debt ratio as of September 30, 2023, was approximately 1.6%, a slight decrease from 1.9% as of December 31, 2022[23] Shareholder Information - Major shareholder Masan Multi Strategy Fund SPC held 52,704,000 shares, representing approximately 22.97% of the company's equity as of September 30, 2023[93] - The company did not redeem any of its listed securities during the nine months ended September 30, 2023[95] - There were no other individuals or companies holding 5% or more of the company's shares, aside from those disclosed[86] Compliance and Governance - The company has complied with the corporate governance code as per GEM listing rules, except for the absence of monthly updates to the board, which were replaced by quarterly updates[98] - The audit committee has been established and consists of three independent non-executive directors, responsible for reviewing the company's risk management and internal control systems[101] - The unaudited consolidated financial data for the nine months ended September 30, 2023, has been reviewed by the audit committee and management, confirming compliance with applicable accounting standards and legal requirements[101] Capital Expenditure - The group’s capital expenditure for the nine months ended September 30, 2023, was HKD 97,942[62] - The group’s depreciation of property, plant, and equipment for the nine months ended September 30, 2023, was HKD 373,517[62] Dividend Information - The group has not proposed any dividends for the nine months ended September 30, 2023, consistent with the previous year[27] - No dividends were recommended for the nine months ended September 30, 2023, similar to the previous year[71] Financial Reporting Standards - The group did not apply any new or revised Hong Kong Financial Reporting Standards that would have a significant impact on its performance and financial position[57]

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分內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） 8112 （股份代號： ） 2023 9 30 截至 年 月 日止九個月 第三季度業績公佈 基石金融控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公司及其附屬公 2023 9 30 2023 9 30 司截至 年 月 日止九個月的未經審核業績。本公佈載有本公司截至 年 月 日止九 2023 個月的第三季度報告（「 年第三季度報告」）全文，並遵守香港聯合交易所有限公司（「聯交 GEM GEM 所」） 證券上市規則（「 上市規則」）有關第三季度業績初步公佈附載資料的相關規定。 2023 (www.cs8112.com) (www.hkexnews.hk) 年第三季度報告將於本公司網站 及聯交所網站 刊 GEM 載，且其印刷本將於適當時候根據 上市規則的相關規定寄發予本公司股東。 承董事會命 基石金融控股有限公司 主席兼執行董事 安錫磊 2023 11 1 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of $X million for the first half of 2023, representing a Y% growth compared to the same period last year[6]. - The total revenue for the group was approximately HKD 28,000,000, representing a 17% increase from HKD 24,000,000 in the same period last year[26]. - The group's revenue for the six months ended June 30, 2023, was approximately HKD 28,300,000, an increase of about 19% compared to HKD 23,700,000 for the same period in 2022[37]. - Revenue from advertising and media business increased by approximately 24% or HKD 4,600,000 to HKD 24,000,000, driven by the recovery of economic and social activities post-COVID-19[37]. - The group recorded a net loss of HKD 12,000,000, an improvement from a net loss of HKD 17,000,000 in the same period last year[26]. - The group recorded a loss attributable to owners of approximately HKD 11,600,000 for the six months ended June 30, 2023, compared to a loss of HKD 17,000,000 for the same period in 2022[39]. - The company reported a loss before tax of HKD 11,083,369 for the six months ended June 30, 2023, compared to a loss of HKD 16,220,858 for the same period in 2022, indicating an improvement[98]. User Engagement and Market Outlook - User data showed an increase in active users, reaching Z million, which is an A% increase year-over-year[6]. - The company provided a positive outlook for the next quarter, projecting revenue growth of B% based on current market trends and user engagement metrics[6]. - The group expects advertising spending to gradually recover in 2023 as COVID-19 restrictions are lifted in Hong Kong and Singapore[33]. - The management remains cautiously optimistic about the core business outlook as the global economy progresses in the post-COVID-19 recovery phase[26]. Strategic Initiatives - New product launches are expected to contribute an additional $C million in revenue, with anticipated market expansion in D regions[6]. - The company is investing in new technology development, allocating $E million towards R&D initiatives aimed at enhancing product offerings[6]. - Market expansion strategies include potential acquisitions, with the company evaluating several targets that could enhance its market position[6]. - The group plans to explore new investment opportunities in various sectors with growth potential to achieve business diversification and sustainable development[26]. Governance and Compliance - The board confirmed that there were no significant conflicts of interest or competitive activities involving directors or major shareholders during the reporting period[11]. - The audit committee has reviewed the financial statements, confirming compliance with applicable accounting standards and regulations[17]. - The company has maintained a strong governance framework, adhering to GEM listing rules and ensuring transparency in its operations[15]. Financial Position and Assets - As of June 30, 2023, the group's current assets net value was approximately HKD 167,000,000, down from HKD 180,000,000 as of December 31, 2022[40]. - The company's net asset value decreased to HKD 187,985,156 as of June 30, 2023, down from HKD 199,740,530 at the end of 2022, a decline of 5.9%[64]. - The total assets as of June 30, 2023, amounted to HKD 241,504,780, with segment assets for financial services at HKD 172,580,757[92]. - The company's total liabilities decreased to HKD 45,507,294 from HKD 65,908,361, indicating a 30.9% reduction[60]. Cash Flow and Financing - The cash flow from operating activities for the six months ended June 30, 2023, was (HKD 13,497,778), compared to (HKD 45,280,863) for the same period in 2022, indicating an improvement in cash flow management[71]. - The net cash used in financing activities for the six months ended June 30, 2023, was (HKD 6,245,031), compared to cash inflow of HKD 57,835,631 in the same period of 2022, indicating a significant change in financing strategy[71]. - Cash flow from investing activities showed a net inflow of HKD 37,987 for the six months ended June 30, 2023, compared to a net outflow of (HKD 85,249) in the same period of 2022[71]. Employee and Management Costs - The total employee cost for the six months ended June 30, 2023, was approximately HKD 14,000,000, a decrease from HKD 15,000,000 in the same period last year[46]. - The total remuneration for key management personnel decreased to HKD 1,654,500 for the six months ended June 30, 2023, from HKD 2,061,000 for the same period in 2022, representing a decline of 19.7%[148]. Share Capital and Equity - The company's issued share capital increased to 229,418,448 shares as of June 30, 2023, from 57,354,612 shares at the beginning of the year, reflecting a significant increase due to a rights issue[133]. - The total amount of shares issued during the rights issue was 172,063,836 shares at a subscription price of HKD 0.38 per share[139].

Financial Performance - The group's gross profit for the three months ended March 31, 2023, was approximately HKD 9,600,000, an increase of about 42% compared to HKD 6,800,000 for the same period in 2022[8]. - The group reported a revenue of HKD 14,053,034 for the three months ended March 31, 2023, representing a 42% increase from HKD 10,657,918 in the same period of 2022[22]. - The group's revenue for the three months ended March 31, 2023, was approximately HKD 14,100,000, an increase of about 32% compared to HKD 10,700,000 for the same period in 2022[23]. - Revenue from advertising and media business increased by approximately 38% or HKD 3,300,000 to HKD 11,900,000, while financial services revenue slightly increased by about 6% or HKD 100,000 to HKD 2,100,000[23]. - The total revenue for Cornerstone Financial Holdings Limited for the period ended March 31, 2023, was approximately HKD 14.1 million, with a net loss of about HKD 3.6 million[48]. - Revenue from the advertising and media business was approximately HKD 11.9 million, representing a year-on-year increase of about 38%, although it has not yet returned to pre-COVID-19 levels[48]. - Revenue from financial services was approximately HKD 2.1 million, reflecting a year-on-year growth of about 6%[48]. - The company's total revenue for the three months ended March 31, 2023, was HKD 14,053,034, compared to HKD 10,657,918 in the same period last year, indicating an increase of approximately 31.5%[96]. Cost and Expenses - The total employee cost for the three months ended March 31, 2023, was approximately HKD 6,900,000, down from HKD 7,600,000 for the same period in 2022[11]. - Administrative expenses for the three months ended March 31, 2023, were approximately HKD 18,700,000, a 44% increase from HKD 13,000,000 in the same period last year[24]. - The group's earnings before interest, tax, depreciation, and amortization (EBITDA) for the three months ended March 31, 2023, was approximately HKD 5,200,000, up from HKD 3,800,000 in the previous year[26]. - The loss attributable to the company's owners for the three months ended March 31, 2023, was approximately HKD 3,500,000, compared to a loss of about HKD 6,900,000 in the same period last year[26]. Assets and Liabilities - The group's current assets net value as of March 31, 2023, was approximately HKD 176,000,000, with cash and cash equivalents around HKD 108,000,000[27]. - The debt ratio as of March 31, 2023, was approximately 1.8%, a slight decrease from 1.9% as of December 31, 2022[28]. - The total equity as of March 31, 2023, was HKD 158,827, reflecting a decrease from HKD 170,648,832 as of December 31, 2021[89]. Advertising and Media Strategy - The group continues to hold exclusive advertising sales rights for various strategic locations, including LED panels in Tsim Sha Tsui and Kwun Tong, attracting significant foot traffic[2][3][18]. - The group has established partnerships for advertising rights at AZ @ Paya Lebar and Ark @ KB, targeting small and medium enterprises in Singapore[4]. - The group is expanding its digital outdoor media network and exploring new static/LED outdoor locations to enhance its advertising reach[19]. - The group anticipates an increase in advertising spending by advertisers in 2023 as COVID-19 restrictions are lifted in Hong Kong and Singapore[19]. - The group expanded its outdoor media network in Singapore, adding a new location to have a total of twelve outdoor sites[41]. - The group maintains exclusive advertising sales rights for all media and event spaces at Galaxis, a modern business space located above One-North MRT station[43]. - The company operates seven large LED panels in strategic locations in Hong Kong, leveraging its successful experience in digital media operations[80]. Future Outlook and Growth - Management expresses cautious optimism regarding future business prospects as the global economy recovers post-COVID-19[48]. - The company continues to seek new investment opportunities in various growth sectors to diversify its business[48]. - The management plans to expand the margin financing business to tap into the potential high-net-worth client base in China[76]. - The company is upgrading its digital media panels to pDOOH displays in Singapore, anticipating significant growth in this area over the coming years[79]. - The partnership with Hivestack for programmatic digital out-of-home (pDOOH) advertising has been successfully extended to Hong Kong, with expectations for significant growth in this area[57]. Corporate Governance and Compliance - The company has complied with the GEM Listing Rules and corporate governance codes since January 1, 2022, with no reported violations for the three months ended March 31, 2023[137]. - The audit committee reviewed the unaudited financial information for the first quarter, confirming compliance with applicable accounting standards and sufficient disclosure[139]. - The company has not established an internal audit function but will appoint an independent external consulting firm to audit its risk management and internal control systems annually[138]. - The audit committee consists of three independent non-executive directors and is responsible for reviewing the company's risk management and internal control systems[151]. - There were no conflicts of interest reported among directors or major shareholders during the three months ended March 31, 2023[135]. Shareholder Information - The company had issued a total of 229,418,448 shares, with no individual or company holding 5% or more of the shares as of March 31, 2023[146]. - The company completed a rights issue on April 26, 2022, issuing 172,063,836 shares at a subscription price of HKD 0.38 per share[141]. - The basic loss per share for the three months ended March 31, 2023, was HKD 3,499,861, with a weighted average number of shares of 229,418,448, compared to a loss of HKD 6,913,730 and 57,916,687 shares for the same period in 2022[128]. Dividend and Capital Expenditure - The board did not recommend any dividend payment for the three months ended March 31, 2023, consistent with the previous year[10]. - Capital expenditure for the three months ended March 31, 2023, was HKD 64,000[98]. - Depreciation of property, plant, and equipment for the three months ended March 31, 2023, amounted to HKD 185,809[98].

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分內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） 8112 （股份代號： ） 2023 3 31 截至 年 月 日止三個月 第一季度業績公佈 基石金融控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公司及其附屬公 2023 3 31 2023 3 31 司截至 年 月 日止三個月的未經審核業績。本公佈載有本公司截至 年 月 日止三 2023 個月的第一季度報告（「 年第一季度報告」）全文，並遵守香港聯合交易所有限公司（「聯交 GEM GEM 所」） 證券上市規則（「 上市規則」）有關第一季度業績初步公佈附載資料的相關規定。 2023 (www.cs8112.com) (www.hkexnews.hk) 年第一季度報告將於本公司網站 及聯交所網站 刊 GEM 載，且其印刷本將於適當時候根據 上市規則的相關規定寄發予本公司股東。 承董事會命 基石金融控股有限公司 主席兼執行董事 高冉 2023 5 15 ...

Financial Performance - For the fiscal year ended December 31, 2022, the group recorded total revenue of approximately HKD 55.6 million, a slight decrease from HKD 56.1 million in 2021[15] - The net loss for the fiscal year was approximately HKD 32.6 million, compared to a net loss of HKD 14.3 million in 2021, indicating a significant increase in losses[15] - The group's revenue for 2022 was approximately HKD 55,568,368, a decrease of about 1% from HKD 56,133,391 in 2021[30] - Gross profit for 2022 was approximately HKD 35,881,869, down about 3% from HKD 37,039,762 in 2021, resulting in a gross margin decrease from approximately 66% to 65%[31] - The group's EBITDA for 2022 was approximately HKD (22,694,210), compared to HKD 1,264,708 in 2021, indicating a significant decline in operational performance[30] - The net loss for 2022 was approximately HKD 32,598,174, compared to a net loss of HKD (14,301,244) in 2021[30] - The group reported a loss per share of approximately HKD 0.1824 for 2022, an improvement from a loss of HKD 0.2683 in 2021[33] - Administrative expenses for the year were approximately HKD 61,600,000, an increase of about 18% or HKD 9,300,000 compared to HKD 52,300,000 in 2021[53] - The company recorded a loss attributable to equity holders of approximately HKD 32,000,000 for the year, compared to a loss of approximately HKD 15,500,000 in the previous year[54] Revenue Segmentation - Advertising and media business contributed approximately HKD 46.3 million to revenue, up from HKD 43.4 million in 2021, but still below the pre-COVID level of HKD 77.6 million in 2019[15] - Financial services segment generated revenue of approximately HKD 9.3 million, down from HKD 12.7 million in 2021, reflecting challenges in the market[16] - The financial services segment's revenue accounted for approximately 17% of total revenue, down from 23% in 2021[31] - Revenue from advertising and media business increased by approximately 7% or HKD 2,900,000 to HKD 46,300,000, but has not yet recovered to pre-COVID-19 levels[52] - Revenue from financial services decreased by approximately 27% or HKD 3,400,000 to HKD 9,300,000 due to reduced trading activities in a challenging market environment[52] Margin Financing and Loans - Margin financing business accounted for over 94% of the revenue from Cornerstone Securities, highlighting its importance to the group's financial services[17] - As of December 31, 2022, the group had granted margin financing loans totaling approximately HKD 95 million, an increase from HKD 90.1 million in 2021[16] - As of December 31, 2022, the group's margin loan book net value (after expected credit loss provisions) was approximately HKD 77,704,000, a decrease from HKD 80,757,000 in 2021[82] - The group recognized a provision for expected credit losses of HKD 9,100,000 related to margin loans and trade receivables during the reporting period[32] Digital Media and Advertising - The group has established a digital outdoor media network covering 1,560 buildings in Hong Kong and Singapore, with a slight decrease from 1,573 buildings in 2021[18] - The company operates a comprehensive digital outdoor media network in Hong Kong and Singapore, with a significant focus on programmatic digital out-of-home (pDOOH) advertising, which is expected to be a major growth area in the coming years[105] - The company has upgraded its digital screens in Singapore to meet advertisers' demands for flexibility and audience targeting, allowing for automated media buying through platforms like Hivestack and Vistar[105] - The company holds exclusive advertising sales rights for three LED panels in prime locations in Hong Kong, targeting high foot traffic areas[42][43][44] - The company continues to expand its digital outdoor media network by gradually adding new static and LED outdoor locations[112] - The company has established partnerships to market outdoor spaces in key buildings, such as CIMB Plaza and Raffles Place, further enhancing its advertising reach[110] Future Outlook and Strategy - Management maintains a cautiously optimistic outlook for future business prospects as the global economy recovers post-COVID-19[6] - The group plans to continue exploring investment opportunities in various sectors to achieve business diversification[6] - Estimated revenue growth rates for Hong Kong cash-generating units from 2023 to 2026 are projected at 17.26%, 4.72%, 3.61%, and 2.50% respectively[74] - Estimated revenue for Hong Kong cash-generating units in 2023 is projected to be HKD 27,700,000, increasing to HKD 31,500,000 by 2027[74] Corporate Governance - The board of directors will rotate one-third of its members at the 2023 annual general meeting, with Mr. Gao Ran, Mr. An Xilei, and Mr. Huang Xiongji being eligible for re-election[132] - The audit committee held four meetings during the fiscal year, with all members attending all meetings[154] - The company recognizes the importance of board independence for effective corporate governance and has established mechanisms to ensure strong independent elements within the board[134] - The roles of the chairman and CEO are separated to enhance governance, with the chairman focusing on business development strategy and the CEO on daily operations[163] - The company has mechanisms in place to ensure compliance with the new corporate governance code, reflecting updates to the relevant GEM listing rules[152] Financial Position - The group's total assets as of December 31, 2022, were valued at HKD 281,057,270, compared to HKD 240,426,903 in 2021[101] - The group's total liabilities as of December 31, 2022, amounted to HKD 81,316,740, an increase from HKD 69,778,071 in 2021[101] - The debt ratio of the group, calculated as total debt divided by total capital, was approximately 1.9% as of December 31, 2022, down from 2.3% in 2021[85] - The group forecasts cash flow for the next five years based on a growth rate of 2.0% for Hong Kong and 1.5% for Singapore, aligned with estimated inflation rates for 2027[76] Compliance and Reporting - The company has implemented new Hong Kong Financial Reporting Standards, which are not expected to have a significant impact on its performance or financial position in the foreseeable future[123] - The company will reassess deferred tax assets and liabilities at the end of each reporting period, adjusting if sufficient taxable profits are no longer expected[187] - The company recognizes foreign exchange differences in profit or loss as they arise from currency remeasurement[171] - The company will conduct annual evaluations of the independence of all independent non-executive directors[176]