（於開曼群島註冊成立之有限公司 並以German Automobiles International Limited之名稱於香港經營業務） （股份代號：8126） 全年業績公佈 截至二零二二年十二月三十一日止年度 及 建議修訂組織章程大綱及章程細則 香港聯合交易所有限公司（「聯交所」）GEM之特點 GEM之定位，乃為中小型公司提供一個上市之市場，此等公司相比起其他在聯交所上市 之公司帶有較高投資風險。有意投資者應了解投資於該等公司之潛在風險，並應經過審 慎周詳考慮後方作出投資決定。 鑑於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較於聯交所主板買賣 之證券承受較大市場波動風險，同時亦無法保證在GEM買賣之證券會有高流通量的市 場。 香港交易及結算所有限公司及聯交所對本公佈之內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表明不會就本公佈全部或任何部份內容而產生或因依賴該等內 容而引致之任何損失承擔任何責任。 本公佈的資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關 G.A.控股有限公司（「本公司」）的資料；本公司的董事（「董事」）願就本公佈共同及個別地 承擔全 ...

Financial Performance - For the three months ended September 30, 2022, the company reported revenue of HKD 634,565,000, an increase of 7.0% compared to HKD 592,846,000 for the same period in 2021[5] - For the nine months ended September 30, 2022, total revenue was HKD 1,761,765,000, a decrease of 12.2% from HKD 2,006,341,000 in the same period of 2021[5] - The company's operating profit for the three months ended September 30, 2022, was HKD 7,196,000, down 48.7% from HKD 14,027,000 in the same period of 2021[5] - The net loss for the three months ended September 30, 2022, was HKD 2,475,000, compared to a profit of HKD 4,672,000 in the same period of 2021[5] - The total comprehensive loss for the three months ended September 30, 2022, was HKD 45,019,000, compared to a comprehensive income of HKD 1,297,000 in the same period of 2021[7] - The company’s total comprehensive income for the nine months ended September 30, 2022, was a loss of HKD 51,807,000, compared to a gain of HKD 56,463,000 in the same period of 2021[7] - The group reported a basic loss attributable to owners of HKD 2,475,000 for the three months ended September 30, 2022, compared to a profit of HKD 4,672,000 in the same period of 2021[30] - Profit attributable to owners of the company for the nine months ended September 30, 2022, was HKD 23,905,000, a decrease from HKD 51,046,000 for the same period in 2021, primarily due to revenue and operating margin reductions caused by COVID-19 control measures in China[48] Revenue Breakdown - Revenue from automobile sales for the nine months ended September 30, 2022, decreased by 11.7% to HKD 1,302,485,000 from HKD 1,475,017,000 in the previous year[34] - Revenue from automobile services and sales of auto parts decreased by 13.3% to HKD 435,037,000 for the nine months ended September 30, 2022, compared to HKD 501,718,000 in the same period of 2021[35] - The automobile leasing business revenue for the nine months ended September 30, 2022, was HKD 16,820,000, a decrease of 22.2% compared to the previous year[38] Expenses and Costs - The company’s employee benefit expenses for the nine months ended September 30, 2022, were HKD 100,950,000, slightly up from HKD 99,127,000 in the same period of 2021[5] - Employee benefits expenses for the nine months ended September 30, 2022, were HKD 100,950,000, a slight increase of 1.8% compared to HKD 99,127,000 for the same period in 2021[42] - Depreciation and amortization expenses for the nine months ended September 30, 2022, were HKD 44,279,000, remaining stable compared to HKD 45,797,000 for the same period in 2021[43] - Other expenses for the nine months ended September 30, 2022, were HKD 48,227,000, a decrease of 13.1% from HKD 55,472,000 in the same period of 2021[45] - Financial costs slightly decreased from HKD 25,619,000 for the nine months ended September 30, 2021, to HKD 25,250,000 for the same period in 2022[47] Foreign Exchange Impact - The company experienced a foreign exchange loss of HKD 42,544,000 for the three months ended September 30, 2022, compared to a loss of HKD 3,375,000 in the same period of 2021[7] - The group recorded a foreign exchange loss of HKD 4,742,000 for the nine months ended September 30, 2022, compared to a loss of HKD 1,220,000 in the same period of 2021[44] Corporate Governance - The company has adopted a code of conduct for directors regarding securities transactions, ensuring compliance with GEM Listing Rules[66] - The board believes the company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15 during the reporting period[67] - The audit committee, established on June 5, 2002, is responsible for reviewing the group's annual reports and financial statements, and has reviewed the Q3 2022 performance[69] - The board of directors includes four executive directors and three independent non-executive directors as of the report date[71] Future Outlook and Standards - The company adopted revised Hong Kong Financial Reporting Standards effective January 1, 2022, which did not have a significant impact on the financial performance and position for the current and prior periods[15] - The revised HKFRS 1 clarifies the classification of liabilities as current or non-current, effective from January 1, 2023, with no expected significant impact on the company's performance and financial position[19] - The company anticipates that the new and revised HKFRS will not have a significant impact on its financial performance and position[19] - The revised HKAS 12 clarifies that deferred tax assets and liabilities must be recognized upon initial recognition of certain transactions, effective from January 1, 2023, with no expected significant impact[22] - The company has not early adopted any new or revised HKFRS that have been issued but are not yet effective as of September 30, 2022[17] Shareholder Information - Major shareholders include Loh & Loh Construction Group Ltd. with 9.51% and Big Reap Investment Limited with 6.86% of the shares[55] - As of September 30, 2022, the guarantee provided to Zhongbao Group amounted to HKD 156,610 thousand, representing 9.0% of total assets[65] Dividend and Cost Control - The board did not recommend an interim dividend for the nine months ended September 30, 2022, consistent with the same period in 2021[49] - The company plans to continue prudent cost control measures to enhance productivity and provide quality services amid uncertainties due to the COVID-19 pandemic[50]

Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 1,127,200,000, a decrease of 20.2% compared to HKD 1,413,495,000 for the same period in 2021[10]. - The company reported a net profit of HKD 26,380,000 for the six months ended June 30, 2022, down 43.2% from HKD 46,374,000 in the previous year[10]. - Total comprehensive income for the six months ended June 30, 2022, was a loss of HKD 6,788,000, compared to a gain of HKD 55,166,000 in the same period of 2021[11]. - Basic and diluted earnings per share for the six months ended June 30, 2022, were HKD 5.54, down 43.5% from HKD 9.74 in the same period of 2021[11]. - For the six months ended June 30, 2022, total revenue was HKD 1,127,200,000, down 20% from HKD 1,413,495,000 in the same period of 2021[37]. - The profit for the six months ended June 30, 2022, was HKD 37,687,000, a decrease of 46.4% from HKD 70,604,000 in 2021[45]. - Operating profit for the six months ended June 30, 2022, was HKD 157,812,000, a decrease of 17.4% from HKD 191,083,000 in the same period in 2021[104]. Revenue Breakdown - The company experienced a significant decrease in revenue from purchased automobile parts and vehicles, totaling HKD 964,987,000 for the six months ended June 30, 2022, down 21.0% from HKD 1,221,828,000 in 2021[10]. - Revenue from automobile sales for the three months ended June 30, 2022, was HKD 379,648,000, down 27.0% from HKD 520,190,000 in 2021[39]. - Revenue from automobile services and parts sales for the six months ended June 30, 2022, was HKD 279,145,000, a decrease of 17.8% compared to HKD 339,405,000 in 2021[39]. - The company recognized technical fee income of HKD 4,646,000 for the six months ended June 30, 2022, down 19% from HKD 5,777,000 in the previous year[37]. - Revenue from automobile leasing income for the six months ended June 30, 2022, was HKD 11,553,000, a decrease of 22% from HKD 14,907,000 in 2021[37]. Assets and Liabilities - The company's total assets decreased to HKD 1,279,143,000 as of June 30, 2022, from HKD 1,464,928,000 as of December 31, 2021, representing a decline of 12.6%[13]. - The total liabilities decreased from HKD 995,694,000 as of December 31, 2021, to HKD 821,072,000 as of June 30, 2022, representing a reduction of 17.5%[15]. - The total equity attributable to owners decreased to HKD 809,024,000 as of June 30, 2022, down from HKD 815,812,000 as of December 31, 2021, reflecting a decline of 0.97%[16]. - The company’s borrowings decreased from HKD 569,153,000 as of December 31, 2021, to HKD 510,377,000 as of June 30, 2022, a decrease of 10.3%[15]. - The aging analysis of trade receivables showed that the total receivables as of June 30, 2022, were HKD 106,202,000, down from HKD 124,008,000 as of December 31, 2021, a decline of 14.3%[76]. Cash Flow and Expenses - For the six months ended June 30, 2022, the net cash generated from operating activities was HKD 57,434,000, a decrease of 29.3% compared to HKD 81,095,000 for the same period in 2021[21]. - The company incurred a loss of HKD 33,168,000 from foreign exchange translation for the period, impacting the overall comprehensive income[16]. - The company’s financing activities resulted in a net cash outflow of HKD 53,433,000 for the six months ended June 30, 2022, compared to HKD 65,322,000 in the same period of 2021[21]. - Total income tax expense for the six months ended June 30, 2022, was HKD 11,778,000, a decrease from HKD 19,808,000 in the same period last year, reflecting a reduction of 40%[60]. - The total expenses for various categories amounted to HKD 30,066,000 for the six months ended June 30, 2022, slightly up from HKD 29,064,000 in the same period last year[57]. Employee and Operational Costs - Employee benefit expenses for the six months ended June 30, 2022, were HKD 67,816,000, an increase of 3.5% compared to HKD 65,358,000 in the previous year[10]. - Advertising and promotional expenses increased to HKD 4,675,000 for the six months ended June 30, 2022, compared to HKD 1,355,000 in the same period last year, representing a significant rise of 245%[57]. - The company incurred management personnel benefits of HKD 4,943,000 for the six months ended June 30, 2022, compared to HKD 5,140,000 for the same period in 2021[93]. Market and Future Outlook - The company plans to focus on market expansion and new product development to improve future performance[10]. - The company has acknowledged the potential risks associated with operating in the GEM market, which may lead to higher market volatility[4]. - The company will continue to implement prudent cost control measures to enhance productivity and provide quality services to customers amid uncertainties caused by the COVID-19 pandemic[127]. Shareholder and Governance Information - As of June 30, 2022, major shareholders include Mr. Loh Ping with 107,780,320 shares (22.63%) and Loh & Loh Construction Group Ltd. with 45,284,000 shares (9.51%)[132]. - The company did not recommend the distribution of an interim dividend for the six months ended June 30, 2022, consistent with the previous year[63]. - The audit committee has reviewed the interim results for 2022 and provided recommendations to the board[145]. - The company has adopted a code of conduct for securities trading that complies with GEM Listing Rules[143].

Financial Performance - Revenue for the first quarter of 2022 was HKD 611,226,000, a decrease of 14.7% compared to HKD 716,262,000 in the same period of 2021[5] - The operating profit for the first quarter was HKD 30,034,000, down 38.1% from HKD 48,455,000 in the previous year[5] - Net profit for the period was HKD 14,831,000, a decline of 47.9% compared to HKD 28,485,000 in the first quarter of 2021[5] - Basic and diluted earnings per share decreased to HKD 3.11 from HKD 5.98, reflecting a drop of 48.0%[7] - Total comprehensive income for the period was HKD 20,059,000, down 43.2% from HKD 35,460,000 in the same quarter last year[7] Revenue Breakdown - Sales of automobiles contributed HKD 452,208,000, a decrease of 15.2% from HKD 533,216,000 in the previous year[16] - Revenue from automotive services and sales of auto parts was HKD 150,426,000, down 13.0% from HKD 172,781,000[16] - Revenue from automobile sales dropped by 15.2% to HKD 452,208,000 compared to HKD 533,216,000 in the previous year, primarily due to COVID-19 control measures in China[24] - Revenue from automobile services and parts sales decreased by 12.9% to HKD 150,426,000 from HKD 172,781,000 year-on-year[25] Other Income and Expenses - Other income increased to HKD 13,436,000 from HKD 11,605,000, representing a growth of 15.8% year-over-year[5] - The company recorded an employee benefit expense of HKD 37,547,000, an increase of 13.7% from HKD 33,018,000 year-on-year[32] Future Outlook - The company anticipates continued uncertainty in 2022 due to COVID-19 but expects growth momentum in the Chinese automotive market, particularly in the new energy vehicle sector[40] - The company plans to maintain prudent cost control measures and enhance customer experience at its dealerships[40] Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules during the reporting period[57] - The company has adopted a code of conduct for securities transactions by directors, in compliance with GEM Listing Rules[56] Shareholder Information - Major shareholders include Mr. Luo Ping with 107,780,320 shares (22.63%) and Loh & Loh Construction Group Ltd. with 45,284,000 shares (9.51%)[45] - No stock options were granted under the company's share option scheme during the three months ended March 31, 2022[51] Audit and Compliance - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ended March 31, 2022[60] - There were no purchases or redemptions of the company's listed securities during the three months ended March 31, 2022[61] - No directors or major executives were granted rights to subscribe for the company's equity or debt securities during the reporting period[49] - The company has no interests in any business that competes or may compete with its group business as of March 31, 2022[50] Dividends - The company does not recommend a mid-term dividend for the three months ended March 31, 2022[39]

Financial Performance - For the year ended December 31, 2021, the total revenue increased by 14.3% to HKD 2,588,968,000 from HKD 2,264,306,000 in 2020[12] - The net profit for the year was HKD 65,433,000, representing a 23.9% increase compared to HKD 52,811,000 in 2020[12] - For the year ended December 31, 2021, total revenue increased by 14.3% to HKD 2,588,968,000 from HKD 2,264,306,000 in the previous year[28] - Profit for the year was HKD 65,433,000, representing a 23.9% increase compared to HKD 52,811,000 for the year ended December 31, 2020[28] - Revenue from automobile sales rose by 16.8% to HKD 1,891,045,000, up from HKD 1,619,354,000, primarily due to price increases[29] - Revenue from automobile services and parts sales increased by 9.1% to HKD 659,705,000 from HKD 604,571,000, attributed to the recovery of the automobile market[30] - Technical fee income grew by 14.1% to HKD 10,222,000, driven by an increase in the sales of locally assembled BMW cars[31] - Operating profit increased by 18.1% to HKD 361,155,000 from HKD 305,711,000, with the operating profit margin slightly rising to 13.9% from 13.5%[34] - Other income rose by 11.9% to HKD 50,736,000, primarily due to increased consulting service income from higher automobile sales[35] Market Outlook - The company anticipates ongoing uncertainties due to COVID-19 and global semiconductor shortages affecting supply chains[13] - The automotive market in China is expected to continue its growth momentum established since 2021[13] - The group anticipates continued momentum in the Chinese automotive market, particularly in the new energy vehicle sector, while maintaining prudent cost control measures[58] Cost Management and Capital Allocation - The board has decided not to declare any dividends for the year ended December 31, 2021, to retain sufficient working capital for business expansion[13] - The company aims to implement prudent cost control measures to enhance productivity and service quality for customers[13] - Employee benefit expenses increased by 25.2% to HKD 132,365,000, up from HKD 105,709,000, due to improved operating profit and an increase in average employee numbers[36] - The group's capital expenditure for the year 2021 was approximately HKD 43,077,000, up from HKD 34,578,000 in 2020[46] Shareholder Information - The group did not recommend any dividend payment for the year ended December 31, 2021[57] - The company did not recommend any dividend payment for the year ended December 31, 2021, similar to the previous year[63] - As of December 31, 2021, the company had no distributable reserves available for distribution to shareholders[65] - The largest shareholder, 罗爾平, held 107,780,320 shares, representing 22.63% of the voting shares[71] - The company has not entered into any significant transactions or agreements involving directors or major shareholders[78] Corporate Governance - The board of directors consists of four executive directors, one non-executive director, and three independent non-executive directors[116] - The board held a total of seven meetings in 2021, with all directors attending all meetings[118] - The company has adopted a code of conduct for securities transactions by directors, with no violations reported during the year[115] - The company is committed to good corporate governance practices to enhance decision-making processes and risk management[114] - The board is responsible for all major decision-making and daily management is delegated to senior executives[119] Risk Management - The company faces significant risks including political and regulatory risks in China, where most of its operations are based, impacting the automotive industry due to evolving laws and regulations[155] - The slowdown in China's economic development may suppress consumer spending, particularly affecting the sales of automobiles, parts, and after-sales services[156] - The company relies heavily on its information technology systems for internal processes and communication with manufacturers, with potential system failures posing risks to operational efficiency and customer satisfaction[159] - The company has implemented measures to monitor and mitigate identified risks, including legal compliance and operational strategies[155] Environmental, Social, and Governance (ESG) - G.A. Holdings Limited aims to become a leading service provider and dealer in the luxury automotive industry in China, focusing on sustainable development and stakeholder responsibilities[174] - The board of directors actively supervises environmental, social, and governance (ESG) matters, assessing related risks and formulating policies to address them[175] - The company conducts annual materiality assessments to understand stakeholder expectations and prioritize ESG issues[176] - The company has identified 22 key environmental, social, and governance (ESG) issues through stakeholder engagement and importance assessment[192] - In 2021, the company reported no significant non-compliance with laws regarding excessive greenhouse gas emissions and hazardous waste[198]

Financial Performance - Revenue for the three months ended September 30, 2021, was HKD 592,846,000, a decrease of 6.9% compared to HKD 636,935,000 for the same period in 2020[4] - Revenue for the nine months ended September 30, 2021, was HKD 2,006,341,000, an increase of 24.9% compared to HKD 1,605,315,000 for the same period in 2020[4] - The group reported a net profit of HKD 4,672,000 for the three months ended September 30, 2021, down 59.5% from HKD 11,531,000 in the same period last year[4] - The net profit for the nine months ended September 30, 2021, was HKD 51,046,000, an increase of 65.7% compared to HKD 30,800,000 for the same period in 2020[4] - The total comprehensive income for the nine months ended September 30, 2021, was HKD 56,463,000, compared to HKD 43,293,000 for the same period in 2020[6] - Basic and diluted earnings per share for the three months ended September 30, 2021, were HKD 0.98, down from HKD 2.42 in the same period last year[6] - Basic and diluted earnings per share for the nine months ended September 30, 2021, were HKD 10.72, an increase from HKD 6.47 for the same period in 2020[6] Revenue Breakdown - Automotive sales revenue rose by 28.9% to HKD 1,475,017,000 compared to HKD 1,144,722,000 in the prior year[35] - Revenue from automotive services and parts sales increased by 16.6% to HKD 501,718,000 from HKD 430,442,000 year-on-year[36] - Technical fee income grew by 20.2% to HKD 7,983,000, driven by increased sales of locally assembled BMW vehicles[37] - Other income increased to HKD 35,508,000 from HKD 30,032,000, primarily due to higher consulting service income[41] - For the nine months ended September 30, 2021, total revenue increased by 25.0% to HKD 2,006,341,000 from HKD 1,605,315,000 for the same period in 2020[34] Expenses and Costs - Employee benefit expenses increased to HKD 33,769,000 for the three months ended September 30, 2021, from HKD 27,602,000 in the same period last year, reflecting a rise of 22.3%[4] - Employee benefit expenses increased by 17.3% to HKD 99,127,000, reflecting higher commission expenses due to improved operating profit[42] - Depreciation and amortization expenses increased by 5.4% from HKD 43,453,000 for the nine months ended September 30, 2020, to HKD 45,797,000 for the nine months ended September 30, 2021, primarily due to the appreciation of the Renminbi[44] - Other expenses increased by 59.8% to HKD 55,472,000 for the nine months ended September 30, 2021, from HKD 34,704,000 for the same period in 2020, mainly due to asset write-downs and the resumption of operations after COVID-19[46] - Financial costs slightly increased from HKD 25,349,000 for the nine months ended September 30, 2020, to HKD 25,619,000 for the same period in 2021[47] Corporate Governance and Compliance - The company has adopted a code of conduct for directors' securities transactions in compliance with GEM Listing Rules, with no violations reported by any directors[66] - The board believes the company has adhered to the corporate governance code as per GEM Listing Rules during the reporting period[67] - The audit committee, established on June 5, 2002, is responsible for reviewing the group's financial reports and internal controls, and has reviewed the Q3 2021 performance[69] Future Outlook and Challenges - The company anticipates continued tightening of automotive supply due to semiconductor shortages affecting global production[32] - The company anticipates continued uncertainty in 2021 due to COVID-19, geopolitical conflicts, and global automotive chip shortages, and will maintain prudent cost control measures[51] Assets and Equity - As of September 30, 2021, the company's unaudited total assets were approximately HKD 1,865,095,000[64] - The group’s total equity attributable to owners increased to HKD 781,095,000 as of September 30, 2021, compared to HKD 664,534,000 as of September 30, 2020[8] Dividends and Shareholder Returns - The board did not recommend an interim dividend for the nine months ended September 30, 2021, consistent with the previous year[49] Financial Reporting Standards - The company adopted revised Hong Kong Financial Reporting Standards effective January 1, 2021, impacting financial data reporting[15] - The revised standards provide practical exemptions related to the replacement of contract benchmark interest rates due to interest rate benchmark reforms[16] - The company has chosen not to restate prior periods to reflect the application of the revised standards, including the year 2020[17] - No significant impact on the consolidated financial performance and position for the period ending January 1, 2021, due to the interest rate benchmark reforms[17] - Several new and revised Hong Kong Financial Reporting Standards have been issued but are not yet effective, with no early adoption by the company[19] - The company anticipates that the new and revised standards will not have a significant impact on its financial performance and position[22] - The revised HKAS 1 requires entities to disclose significant accounting policy information rather than just their main accounting policies, effective from January 1, 2023[22] - The amendments to HKAS 12 clarify that deferred tax assets and liabilities must be recognized upon initial recognition of leases, effective from January 1, 2023[23] Securities Transactions - No buybacks or repurchases of the company's listed securities occurred during the nine months ending September 30, 2021[70] Executive Management - The executive directors of the company include Mr. Luo Wanju, Mr. Cai Zhongyou, Mr. Zhang Xi, Mr. Ma Henggan, and Mr. Xue Guoqiang, with independent directors also listed[71]

Financial Performance - Revenue for the six months ended June 30, 2021, was HKD 1,413,495,000, representing an increase of 46.0% compared to HKD 968,380,000 for the same period in 2020[8] - Operating profit for the six months ended June 30, 2021, was HKD 83,555,000, up 77.0% from HKD 47,094,000 in the previous year[8] - Net profit for the six months ended June 30, 2021, was HKD 46,374,000, compared to HKD 19,269,000 for the same period in 2020, marking an increase of 141.0%[8] - Total comprehensive income for the six months ended June 30, 2021, was HKD 55,166,000, significantly higher than HKD 3,753,000 in the same period last year[8] - Basic and diluted earnings per share for the six months ended June 30, 2021, were HKD 9.74, compared to HKD 4.05 for the same period in 2020[8] - The company achieved a profit of HKD 46,374,000 for the six months ended June 30, 2021, compared to a profit of HKD 19,269,000 for the same period in 2020, marking an increase of 141.5%[12] - Profit for the six months ended June 30, 2021, was HKD 70,604, representing a 97.0% increase from HKD 35,806 in 2020[42] Assets and Liabilities - Total assets as of June 30, 2021, were HKD 1,184,849,000, a decrease from HKD 1,268,001,000 as of December 31, 2020[9] - The company reported total assets of HKD 1,670,780 as of June 30, 2021, down from HKD 1,766,815 as of December 31, 2020[46] - The company’s total liabilities decreased to HKD 741,477,000 as of June 30, 2021, from HKD 887,362,000 as of December 31, 2020, representing a reduction of approximately 16.4%[12] - The company’s liabilities decreased to HKD 890,982 as of June 30, 2021, compared to HKD 1,042,183 as of December 31, 2020[46] - Total assets less current liabilities amounted to HKD 929,303,000 as of June 30, 2021, compared to HKD 879,453,000 as of December 31, 2020, reflecting an increase of approximately 5.7%[12] Cash Flow and Investments - The company reported a net cash inflow from operating activities of HKD 81,095,000 for the six months ended June 30, 2021, compared to a cash outflow of HKD 74,209,000 in the same period of 2020[17] - Cash and bank balances increased to HKD 93,690,000 as of June 30, 2021, from HKD 40,405,000 at the end of 2020[9] - The company incurred a cash outflow of HKD 15,137,000 for the acquisition of property, plant, and equipment during the six months ended June 30, 2021, compared to HKD 6,621,000 in the same period of 2020[17] - Capital expenditures for the six months ended June 30, 2021, amounted to approximately HKD 15,137,000, compared to HKD 6,621,000 in the same period of 2020[116] Revenue Breakdown - For the three months ended June 30, 2021, the company reported automobile sales revenue of HKD 520,190,000, an increase of 24.9% compared to HKD 416,480,000 in the same period of 2020[31] - Revenue from automobile services and sales of automobile parts for the six months ended June 30, 2021, was HKD 339,405,000, up 26.7% from HKD 267,614,000 in the same period of 2020[31] - Revenue from automobile sales rose by 54.7% to HKD 1,053,406,000 for the six months ended June 30, 2021, up from HKD 681,056,000 in the same period of 2020[91] - Revenue from automobile leasing income for the six months ended June 30, 2021, was HKD 14,907,000, a decrease of 7.1% compared to HKD 16,053,000 in the same period of 2020[31] - The company reported technology fee income of HKD 5,777,000 for the six months ended June 30, 2021, an increase of 57.9% from HKD 3,657,000 in the same period of 2020[31] Expenses and Costs - Total expenses for the six months ended June 30, 2021, amounted to HKD 29,064,000, up from HKD 20,409,000 in the same period of 2020, indicating a year-over-year increase of 42.3%[50] - The company's financial costs for the six months ended June 30, 2021, were HKD 17,373,000, slightly down from HKD 17,530,000 in the previous year[52] - The total income tax expense for the six months ended June 30, 2021, was HKD 19,808,000, compared to HKD 10,295,000 for the same period in 2020, representing an increase of 92.5%[54] - Employee benefits expenses increased by 14.8% to HKD 65,358,000 for the six months ended June 30, 2021, compared to HKD 56,936,000 in the same period of 2020, driven by increased commission expenses as operating profit improved[99] Shareholder Information - Major shareholder Loh & Loh Construction Group Ltd. holds 45,284,000 shares, accounting for 9.51% of the total shares[125] - The largest shareholder, Mr. Luo Leping, has a direct holding of 29,820,000 shares, representing 22.63% of the total shares[127] - No other individuals or entities held 5% or more of the company's issued share capital as of June 30, 2021[128] Compliance and Governance - The company has adopted a code of conduct for securities trading, ensuring compliance with GEM listing rules[137] - The audit committee reviewed the interim results for the period and provided recommendations to the board[140] - There were no purchases or redemptions of the company's listed securities during the six months ended June 30, 2021[141]

Financial Performance - Revenue for the first quarter of 2021 was HKD 716,262,000, representing a 87.2% increase compared to HKD 383,068,000 in the same period of 2020[4] - Other income for the first quarter of 2021 was HKD 11,605,000, up from HKD 7,835,000 in the first quarter of 2020, marking a 48.5% increase[4] - Operating profit for the first quarter of 2021 was HKD 48,455,000, significantly higher than HKD 9,302,000 in the first quarter of 2020, reflecting a 414.5% increase[4] - Net profit for the first quarter of 2021 was HKD 28,485,000, compared to a loss of HKD 1,288,000 in the same period of 2020[4] - Basic and diluted earnings per share for the first quarter of 2021 were HKD 5.98, a recovery from a loss of HKD 0.27 per share in the first quarter of 2020[7] - Total comprehensive income for the first quarter of 2021 was HKD 35,460,000, compared to a total comprehensive loss of HKD 14,616,000 in the first quarter of 2020[7] - The group reported a net foreign exchange gain of HKD 6,975,000 in the first quarter of 2021, contrasting with a loss of HKD 13,328,000 in the same period of 2020[7] - The total equity attributable to owners of the company increased to HKD 760,092,000 as of March 31, 2021, from HKD 606,625,000 as of March 31, 2020[9] Revenue Breakdown - Revenue from automobile sales rose by 101.5% to HKD 533,216,000 compared to HKD 264,576,000 in the previous year[25] - Revenue from automobile services and sales of auto parts increased by 57.8% to HKD 172,781,000 from HKD 109,508,000 year-on-year[26] - Technical fee income surged by 161.7% to HKD 2,863,000, up from HKD 1,094,000 in the same period last year[28] Operating Metrics - The operating profit for the three months ended March 31, 2021, was HKD 100,197,000, a 66.9% increase from HKD 60,039,000 in 2020[30] - The operating profit margin decreased to 14.0% from 15.7% in the previous year, attributed to a lower proportion of higher-margin service and parts revenue[30] Employee Expenses - Employee benefits expenses increased to HKD 33,018,000 in the first quarter of 2021, compared to HKD 31,740,000 in the first quarter of 2020, reflecting a 4.0% increase[4] - Employee benefit expenses rose by 4.0% to HKD 33,018,000 from HKD 31,740,000, driven by increased commission expenses[33] Corporate Governance and Shareholder Information - The company did not recommend an interim dividend for the three months ended March 31, 2021, consistent with the previous year[40] - As of March 31, 2021, the major shareholder, Loh & Loh Construction Group Ltd., holds approximately 9.51% of the shares[46] - The company’s major shareholder, Mr. Loh, directly holds 29,820,000 shares, representing approximately 6.27% of the total shares[53] - The company has complied with the corporate governance code as per GEM listing rules during the reporting period[59] - The company has not engaged in any trading or redemption of its listed securities during the three months ended March 31, 2021[62] - The company’s board of directors has not reported any violations of the securities trading code during the period[58] Strategic Initiatives and Future Outlook - The company will continue to implement prudent cost control measures to improve productivity amid uncertainties from the COVID-19 pandemic and geopolitical conflicts[41] - G.A. Holdings is investing in R&D for innovative technologies, with a budget allocation of CC million for the upcoming fiscal year[64] - The company plans to expand its market presence in Asia, targeting a market share increase of DD% by the end of 2021[64] - G.A. Holdings is considering strategic acquisitions to enhance its product portfolio, with potential targets identified in the tech sector[64] - The company aims to reduce operational costs by GG% through automation and process optimization in the next fiscal year[64] - G.A. Holdings is committed to sustainability, with plans to invest HH million in eco-friendly technologies and practices[64] Customer and Market Metrics - The company highlighted a user base expansion, with active users increasing by ZZ% year-over-year, reaching a total of AA million users[64] - Customer satisfaction ratings improved to FF%, indicating successful implementation of new service initiatives[64] Asset and Liability Management - The company reported an unaudited consolidated asset value of approximately HKD 1,692,242,000 as of March 31, 2021[55] - The company provided guarantees to Zhongbao Group amounting to HKD 108,836,000, representing 6.4% of the asset ratio[56] - The company has not granted any share options under its share option scheme during the three months ended March 31, 2021[52]

Financial Performance - For the year ended December 31, 2020, total revenue increased by 1.3% to HKD 2,264,306,000 from HKD 2,235,333,000 in 2019[26]. - Operating profit rose by 20.6% to HKD 114,061,000 compared to HKD 94,542,000 in 2019, primarily due to reduced employee benefits expenses and lower legal and professional fees[26]. - Automotive sales revenue increased by 8.9% to HKD 1,619,354,000, accounting for 71.5% of total revenue, up from 66.5% in 2019[27]. - Revenue from automotive services and parts sales decreased by 14.6% to HKD 604,571,000, attributed to service interruptions due to the COVID-19 pandemic[28]. - Technical service income fell by 11.1% to HKD 8,962,000 due to a decrease in the number of locally assembled BMW cars sold by Xiamen Zhongbao[29]. - Car rental income in Hong Kong increased by 4.1% to HKD 31,419,000, driven by a shift towards self-driving during the pandemic[31]. - Operating gross profit decreased by 8.4% to HKD 305,711,000, with the operating gross profit margin declining to 13.5% from 14.9% in 2019[32]. - Other income increased by 2.5% to HKD 45,323,000, primarily due to government subsidies and property sales, offset by declines in commission and consulting service income due to COVID-19[33]. - Employee benefits expenses decreased by 19.1% to HKD 105,709,000, attributed to a reduction in personnel and lower commission expenses due to decreased operating margins[34]. - Depreciation and amortization expenses decreased by 3.7% to HKD 59,625,000[35]. - Foreign exchange gains amounted to HKD 896,000, a turnaround from a loss of HKD 1,262,000 in the previous year[36]. - Other expenses decreased by 25.2% to HKD 59,373,000, mainly due to cost savings from temporary business suspensions and reduced advertising expenses[39]. - Financial costs decreased by 6.8% to HKD 34,508,000, primarily due to a reduction in average borrowings[40]. - Income tax expenses decreased to HKD 26,742,000, with the effective tax rate dropping from 53.3% to 33.6%[41]. - As of December 31, 2020, total current assets were HKD 1,268,001,000, with cash and bank balances at HKD 174,706,000[42]. - The company expects future financial performance to maintain pre-pandemic levels, with confidence in enhancing profitability for stakeholders[57]. Dividend Policy - The board of directors has decided not to declare any dividends for the year ended December 31, 2020, to retain sufficient operating capital for business expansion[9]. - No dividends were proposed for the year ended December 31, 2020[56]. - The company reported no dividend for the year ending December 31, 2020, consistent with the previous year[62]. - As of December 31, 2020, the company had no distributable reserves available for distribution to shareholders[64]. - The company has not proposed any arrangements for shareholders to waive or agree to waive any proposed dividends for the year[62]. Corporate Governance - The board is committed to ensuring the accuracy and completeness of the information provided in the annual report[2]. - The company operates as an investment holding company, with subsidiaries primarily engaged in automobile sales and related services[60]. - The total number of shares held by the directors as of December 31, 2020, includes 8,000,000 shares (1.68%) held by Mr. Luo, and 19,484,000 shares (4.09%) held by Mr. Xue[68]. - Major shareholders include Mr. Luo Ping with 107,780,320 shares (22.63%) and Loh & Loh Construction Group Ltd with 45,284,000 shares (9.51%) as of December 31, 2020[70]. - The company has scheduled its annual general meeting for May 10, 2021, during which shareholders will vote on various matters[63]. - The company has not engaged in any business activities, as it is solely an investment holding company[64]. - The financial performance for the year ending December 31, 2020, is detailed in the consolidated financial statements from pages 44 to 135 of the annual report[62]. - The company has adopted a share option scheme to reward participants for their contributions[96]. - The company has maintained the public float as required by GEM listing rules throughout the reporting period[89]. - The company has established clear written terms of reference for its various board committees, including the Audit, Nomination, and Remuneration Committees[130]. - The company has appointed three independent non-executive directors, representing one-third of the board, ensuring compliance with GEM listing rules[129]. - The company emphasizes the importance of board diversity as a competitive advantage and has adopted a policy to achieve and maintain diversity among board members[144]. - The company has made appropriate insurance arrangements for its directors against potential legal actions in 2020 and beyond[124]. - The company received shareholder approval for the guarantee agreement at a special general meeting on December 19, 2019[105]. - The board of directors held six meetings in 2020, with all directors attending all meetings[115][116]. - The company has adopted a code of conduct for securities trading, with no violations reported by any directors during the year[112]. - The company has maintained compliance with the GEM Listing Rules and corporate governance codes throughout the year[111]. - The board is responsible for all major decision-making and daily management is delegated to senior executives[117]. - The Audit Committee held five meetings in 2020 to review the company's quarterly, interim, and annual financial performance, as well as risk management and internal control systems[137]. - The Nomination Committee conducted one meeting in 2020 to review the annual appointment of directors and assess the independence of independent non-executive directors[133]. - The Remuneration Committee held one meeting in 2020 to discuss and review the company's remuneration policies and structures[136]. - All independent non-executive directors have confirmed their independence according to the guidelines set out in GEM listing rules[129]. - The company ensures that all committee members have sufficient resources to perform their duties, including obtaining management or professional advice when necessary[131]. - The company has established a risk management and internal control system that is deemed sufficient and effective by the audit committee[151]. - The company faces significant risks including political and regulatory risks in China, which is closely monitored by senior management[151]. - The internal audit team conducts ongoing reviews of risk management and internal control systems, ensuring compliance with relevant laws and regulations[150]. Employee and Community Engagement - The group employed a total of 757 employees as of December 31, 2020, down from 816 in 2019, with 724 in China, 26 in Hong Kong, and 7 in Singapore[174]. - The gender ratio of employees is approximately 1.7:1, with 478 males and 279 females, indicating a male-dominated workforce in the automotive sector[174]. - The group has implemented a robust employee retention strategy, including competitive compensation and annual performance bonuses, contributing to a stable employee turnover rate[175]. - The group has not recorded any fatal or serious accidents during the review year, reflecting its commitment to workplace safety and employee training[178]. - The group actively engages in community service, encouraging employees to volunteer during their leisure time[176]. - The group has established a shareholder communication policy since March 2012 to enhance transparency and trust among stakeholders[169]. - The group has established a clear and feasible opportunity for employee self-development and career advancement through regular performance evaluations[179]. - The group provides ongoing training for technical staff and customer service personnel to ensure product and service quality[180]. - The group has adopted a stock option plan to reward existing employees and attract new talent[175]. Environmental Impact - The total electricity consumption for the year was approximately 4,445,000 kWh, resulting in CO2 equivalent emissions of about 3,715,000 kg[187]. - The group used approximately 37,200 cubic meters of water during the year, with a water intensity of about 49.1 cubic meters per employee[188]. - The group consumed about 227,000 liters of unleaded gasoline and approximately 52,000 liters of diesel during the year, with total emissions including 672,000 kg of CO2[185]. - The group encourages employees to adopt paperless practices, resulting in the use of approximately 8,800 kg of paper during the year[189]. - The group emphasizes environmental awareness and compliance with applicable environmental laws and regulations, with no significant non-compliance reported during the year[184]. - The group has implemented a strict supply chain management system to ensure high-quality products and services, relying on qualified and reputable suppliers[180].

Financial Performance - For the three months ended September 30, 2020, G.A. Holdings reported revenue of HKD 636,935,000, an increase of 12.1% compared to HKD 568,310,000 for the same period in 2019[6]. - For the nine months ended September 30, 2020, total revenue was HKD 1,605,315,000, a slight decrease of 1.0% from HKD 1,622,216,000 in the previous year[6]. - The net profit for the three months ended September 30, 2020, was HKD 11,531,000, a decrease of 9.9% compared to HKD 12,811,000 in the same period of 2019[6]. - The basic and diluted earnings per share for the three months ended September 30, 2020, were HKD 2.42, compared to HKD 2.69 for the same period in 2019[7]. - The total comprehensive income for the three months ended September 30, 2020, was HKD 39,540,000, compared to a loss of HKD 2,782,000 in the same period of 2019[7]. - The group’s operating profit for the three months ended September 30, 2020, was HKD 27,531,000, a slight decrease from HKD 28,412,000 in the previous year[6]. - The company reported a total tax expense of HKD 18,476,000 for the nine months ended September 30, 2020, compared to HKD 19,878,000 for the same period in 2019[24]. - The operating profit decreased by 12.0% to HKD 214,771,000 from HKD 243,988,000 in the same period of 2019, with the operating profit margin declining from approximately 15.0% to about 13.4%[35]. Revenue Breakdown - The sales of automobiles for the three months ended September 30, 2020, reached HKD 463,666,000, up 24.6% from HKD 372,105,000 in the same period of 2019[22]. - The total income from automobile services and sales of auto parts for the nine months ended September 30, 2020, was HKD 430,442,000, down 17.7% from HKD 523,188,000 in the previous year[22]. - Revenue from automobile sales increased by 7.0% to HKD 1,144,722,000 compared to HKD 1,069,562,000 in the same period of 2019, primarily due to the launch of higher-priced new car models[30]. - Revenue from automobile services and parts sales decreased by 17.7% to HKD 430,442,000 from HKD 523,188,000 in the same period of 2019, mainly due to a reduction in service frequency caused by the COVID-19 outbreak[31]. - Technical fee income was approximately HKD 6,641,000, a decrease of 8.5% from the same period in 2019, attributed to reduced automobile sales by Xiamen Zhongbao due to COVID-19[33]. Employee and Operational Costs - The group experienced a decrease in employee benefit expenses, which amounted to HKD 27,602,000 for the three months ended September 30, 2020, down from HKD 31,582,000 in 2019, representing a reduction of 12.9%[6]. - Employee benefit expenses were HKD 84,538,000, a decrease of 16.1% from HKD 100,775,000 in the same period of 2019, due to staff reductions and lower commission expenses[38]. - Other income decreased to HKD 30,032,000 from HKD 33,367,000 in the same period of 2019, primarily due to a reduction in commission income caused by COVID-19[37]. Foreign Exchange and Government Support - The company recorded a foreign exchange gain of HKD 28,009,000 for the three months ended September 30, 2020, compared to a loss of HKD 15,593,000 in the same period of 2019[7]. - The company recorded a foreign exchange gain of approximately HKD 273,000, compared to a foreign exchange loss of approximately HKD 2,120,000 in the same period of 2019[40]. - The company received government subsidies related to cash grants amounting to HKD 1,864,000 for the nine months ended September 30, 2020[22]. Future Outlook and Strategic Focus - G.A. Holdings plans to continue focusing on automotive sales and related technical services, as well as expanding its market presence[13]. - The company anticipates continued recovery in automobile sales as the COVID-19 pandemic situation improves in China[28]. - The company expects financial performance for the remainder of 2020 to maintain pre-pandemic levels, with confidence in further enhancing profitability and creating long-term value for stakeholders[46]. Corporate Governance and Shareholder Information - The company has complied with the corporate governance code as per GEM listing rules during the reporting period[62]. - The board did not recommend the payment of an interim dividend for the nine months ended September 30, 2020[45]. - As of September 30, 2020, the total assets of the company were approximately HKD 1,630,701,000[59]. - The company has a significant shareholder, Mr. Loh, holding 107,780,320 shares, representing 22.63% of the total shares[50]. - There were no transactions involving the purchase or redemption of the company's listed securities during the nine months ended September 30, 2020[64]. - The company has not granted any share options under its share option scheme during the nine months ended September 30, 2020[56]. - The company has not disclosed any rights granted to directors or senior management to subscribe for shares or debt securities[53]. - The company aims to attract high-quality employees through its share option scheme[55]. Audit and Review - The audit committee has reviewed the financial results for the third quarter of 2020 and provided recommendations to the board[63].