Financial Performance - For the three months ended September 30, 2019, G.A. Holdings Limited reported revenue of HKD 568.31 million, a decrease of 6.6% compared to HKD 608.21 million for the same period in 2018[7]. - For the nine months ended September 30, 2019, total revenue was HKD 1.62 billion, slightly up by 0.7% from HKD 1.61 billion in the previous year[7]. - The operating profit for the three months ended September 30, 2019, was HKD 28.41 million, representing a significant increase of 129.5% compared to HKD 12.40 million in the same quarter of 2018[7]. - The net profit for the nine months ended September 30, 2019, was HKD 26.90 million, an increase of 62.0% from HKD 16.61 million in the same period of 2018[8]. - The basic and diluted earnings per share for the three months ended September 30, 2019, were HKD 2.69, compared to HKD 0.41 for the same period in 2018[8]. - Total comprehensive income for the nine months ended September 30, 2019, was HKD 9.08 million, compared to a total comprehensive loss of HKD 21.74 million in the same period of 2018[8]. - Profit for the nine months ended September 30, 2019, was HKD 26,903,000, a 62.0% increase from HKD 16,605,000 in the same period of 2018[40]. - Operating profit for the nine months ended September 30, 2019, increased by 1.2% to HKD 243,988,000, maintaining an operating profit margin of approximately 15.0%[48]. - Profit attributable to owners of the company increased to HKD 26,903,000 for the nine months ended September 30, 2019, from HKD 16,605,000 in the same period of 2018, driven by increased operating profit and commission income[59]. Revenue Breakdown - Car sales revenue for the nine months ended September 30, 2019, was HKD 1,069,562,000, a decrease of 1.9% from HKD 1,090,006,000 in the same period of 2018[42]. - Revenue from automotive services and sales of auto parts increased by 6.1% to HKD 523,188,000 due to increased service orders and parts sales in Fuzhou and Xiamen[43]. - Technical fee income for the nine months ended September 30, 2019, was HKD 7,259,000, a 19.6% increase from HKD 6,067,000 in the same period of 2018[46]. - Total income from commissions for the nine months ended September 30, 2019, was HKD 15,212,000, an increase from HKD 8,822,000 in the same period of 2018[32]. - Revenue from the car rental business for the nine months ended September 30, 2019, was HKD 22,207,000, a slight increase of 2.4% compared to the same period in 2018[47]. Expenses and Costs - The company reported a total tax expense of HKD 19,878,000 for the nine months ended September 30, 2019, compared to HKD 13,077,000 in the same period of 2018[34]. - Employee benefit expenses decreased by 2.8% to HKD 100,775,000 for the nine months ended September 30, 2019, compared to HKD 103,639,000 in the same period of 2018[51]. - Depreciation and amortization expenses increased to HKD 46,410,000 for the nine months ended September 30, 2019, from HKD 38,526,000 in the same period of 2018, due to the adoption of new accounting standards[52]. - Other expenses decreased by 14.2% to HKD 49,719,000 for the nine months ended September 30, 2019, from HKD 57,926,000 in the same period of 2018, due to effective cost control measures[55]. Foreign Exchange and Other Income - The company experienced a foreign exchange loss of HKD 15.59 million for the three months ended September 30, 2019, compared to a loss of HKD 32.54 million in the same period of 2018[8]. - Foreign exchange losses amounted to approximately HKD 2,120,000 for the nine months ended September 30, 2019, compared to foreign exchange gains of HKD 259,000 in the same period of 2018[54]. - Other income for the nine months ended September 30, 2019, rose to HKD 33,367,000 from HKD 28,625,000 in the same period of 2018, primarily due to increased commission income[49]. Accounting Standards and Compliance - The company adopted the new and revised Hong Kong Financial Reporting Standards (HKFRS) on January 1, 2019, with no significant impact on the financial performance and position for the current and prior periods, except for HKFRS 16 "Leases"[15]. - The cumulative impact of adopting HKFRS 16 was recognized in the retained earnings at the beginning of the period, with no restatement of prior periods[17]. - The weighted average incremental borrowing rate applicable to lease liabilities upon transition to HKFRS 16 was approximately 5%[21]. - The company confirmed the right-of-use assets and lease liabilities in the consolidated statement of financial position at the lease commencement date[25]. - The company will depreciate the right-of-use assets on a straight-line basis over the shorter of the useful life or lease term[25]. - The company has not adopted any new or revised HKFRS that have been issued but are not yet effective during the accounting period[21]. - The company evaluated contracts to determine if they contain leases based on specific criteria, including the identification of an asset and the rights to obtain economic benefits[23]. - The company will assess impairment indicators for right-of-use assets if necessary[25]. - The company has chosen not to recognize right-of-use assets for certain operating leases that existed prior to the adoption of HKFRS 16[19]. Corporate Governance and Future Plans - The company has complied with the corporate governance code as per GEM listing rules during the reporting period[79]. - The audit committee has reviewed the third-quarter performance and provided recommendations[81]. - The company submitted a formal application to transfer its listing from GEM to the main board on October 25, 2019[82]. - The company does not recommend the payment of an interim dividend for the nine months ended September 30, 2019[60]. - The company aims to enhance profitability by maintaining long-term relationships with luxury car brand suppliers and implementing prudent cost control measures in response to macroeconomic challenges[61]. - The company has adopted a share option scheme to reward participants and attract high-quality employees[71]. - No share options were granted under the share option scheme for the nine months ended September 30, 2019[72]. Assets and Liabilities - As of September 30, 2019, the total asset value of the company was approximately HKD 1,571,946,000[76]. - The guarantee provided to Zhongbao Group amounted to HKD 154,151,000, representing 9.8% of the asset ratio[77]. - There were no buybacks or redemptions of the company's listed securities during the nine months ended September 30, 2019[83].

Financial Performance - Revenue for the six months ended June 30, 2019, was HKD 1,053,906,000, an increase of 5.1% compared to HKD 1,002,769,000 for the same period in 2018[12] - Operating profit for the six months ended June 30, 2019, was HKD 45,573,000, a slight increase of 2.4% from HKD 44,484,000 in 2018[12] - Net profit for the six months ended June 30, 2019, was HKD 14,092,000, a decrease of 3.7% compared to HKD 14,639,000 in 2018[12] - Basic and diluted earnings per share for the six months ended June 30, 2019, were HKD 2.96, down from HKD 3.07 in 2018[13] - The company reported a profit of HKD 14,092,000 for the six months ended June 30, 2019, compared to HKD 14,639,000 in the same period of 2018, showing a slight decrease of about 4%[22] - The total comprehensive income for the period was HKD 11,860,000, down from HKD 8,835,000 in the previous year, indicating an increase of approximately 34%[22] - The operating profit margin for the six months ended June 30, 2019, was 14.8%, down from 16.5% in the same period of 2018, primarily due to increased competition in the luxury car market[118] Assets and Liabilities - Total assets as of June 30, 2019, were HKD 1,513,866,000, a decrease from HKD 1,558,317,000 as of December 31, 2018[16] - Total liabilities as of June 30, 2019, were HKD 781,621,000, down from HKD 933,389,000 as of December 31, 2018[16] - Inventory as of June 30, 2019, was HKD 173,596,000, a decrease from HKD 195,888,000 as of December 31, 2018[16] - Trade receivables as of June 30, 2019, were HKD 108,121,000, down from HKD 128,457,000 as of December 31, 2018[16] - The company's equity total reached HKD 614,072,000, compared to HKD 602,212,000 in 2018, reflecting a growth of approximately 2%[20] - The total assets less current liabilities rose to HKD 732,245,000, up from HKD 624,928,000 in the previous year, indicating an increase of about 17%[17] Cash Flow and Financial Position - The net cash generated from operating activities for the six months ended June 30, 2019, was HKD 35,694,000, a significant improvement from a cash outflow of HKD 9,044,000 in 2018[24] - Cash and bank balances as of June 30, 2019, increased to HKD 100,899,000 from HKD 77,555,000 as of December 31, 2018[16] - The cash and cash equivalents at the end of the period increased to HKD 100,899,000 from HKD 74,306,000, marking an increase of approximately 36%[24] Accounting Standards and Changes - The company has adopted new accounting standards that may impact the presentation of financial results, but no significant effects on the financial position were noted for the current period[29] - The group did not adopt any new or revised HKFRS that had been issued but not yet effective during the reporting period[35] - The adoption of HKFRS 16 did not require the restatement of comparative information, as it was applied retrospectively with cumulative effects recognized in equity[40] Revenue Breakdown - Revenue from automobile sales reached HKD 697,457,000 for the six months ended June 30, 2019, compared to HKD 677,258,000 in 2018, reflecting a growth of about 3.3%[50] - The automobile service and parts sales generated revenue of HKD 337,122,000 for the six months ended June 30, 2019, up from HKD 307,397,000 in the previous year, marking an increase of approximately 9.6%[50] - Revenue from sales of vehicles and parts to the Zhongbao Group was HKD 51,656,000 for the six months ended June 30, 2019, a decrease of 15.5% from HKD 61,089,000 in the same period of 2018[94] Employee and Management Costs - Employee benefits expenses for the six months ended June 30, 2019, were HKD 69,193,000, a decrease of 1.6% from HKD 70,285,000 in the same period of 2018[121] - The company’s short-term employee benefits for key management personnel increased to HKD 5,458,000 in 2019 from HKD 4,974,000 in 2018, reflecting a rise of 9.7%[97] Shareholder Information - Major shareholders include Loh Ping with 95,260,320 shares (20.00%), and Tycoons Investment International Limited with 28,788,033 shares (6.04%) [148] - No share options were granted under the share option scheme during the six months ended June 30, 2019 [156] - The board did not recommend the payment of an interim dividend for the six months ended June 30, 2019, consistent with the previous year[141]

Financial Performance - Revenue for the first quarter of 2019 was HKD 521,291,000, an increase of 4% compared to HKD 502,279,000 in the same period of 2018[7] - Other income for the first quarter of 2019 was HKD 11,978,000, up from HKD 9,099,000 in the previous year, representing a growth of 32.7%[7] - The operating profit for the first quarter of 2019 was HKD 22,842,000, slightly up from HKD 22,690,000 in 2018, indicating a stable performance[7] - Net profit for the first quarter of 2019 was HKD 6,088,000, down 30.4% from HKD 8,706,000 in the same quarter of 2018[7] - Total comprehensive income for the first quarter of 2019 was HKD 19,586,000, compared to HKD 32,605,000 in the previous year, reflecting a decrease of 40%[9] - Basic and diluted earnings per share for the first quarter of 2019 were HKD 1.28, down from HKD 1.83 in the same period of 2018, a decline of 30%[9] Revenue Sources - Revenue from automobile services and sales of auto parts increased by 22.4% to HKD 159,484,000, driven by increased service orders in Fuzhou and the opening of a new repair workshop in Xiamen[34] - The technical fee income rose by 29.8% to HKD 2,465,000, attributed to increased sales of locally assembled BMW cars in China[37] - The group recorded a decrease in automobile sales revenue to HKD 352,330,000, down 2.8% from HKD 362,541,000 in 2018, influenced by macroeconomic downturns and uncertainties from the US-China trade war[33] - The income from car leasing decreased by 6.5% to HKD 7,012,000, primarily due to a reduction in short-term leasing orders[38] Expenses and Costs - Employee benefit expenses decreased to HKD 35,634,000 in the first quarter of 2019 from HKD 38,767,000 in 2018, a reduction of 5.5%[7] - Other expenses for the three months ended March 31, 2019, were HKD 13,696,000, an increase of 18.0% from HKD 11,606,000 in the same period of 2018, mainly due to increased legal and professional fees related to the proposed transfer of shares from GEM to the main board[46] - Financial costs rose from HKD 8,854,000 for the three months ended March 31, 2018, to HKD 9,387,000 for the same period in 2019, primarily due to the adoption of the new Hong Kong Financial Reporting Standard No. 16[49] - Depreciation and amortization expenses increased from HKD 13,051,000 in the same period of 2018 to HKD 15,528,000 for the three months ended March 31, 2019, due to the adoption of the new Hong Kong Financial Reporting Standard No. 16[43] - Operating lease expenses decreased from HKD 4,309,000 in 2018 to HKD 1,862,000 in 2019, attributed to the adoption of the new Hong Kong Financial Reporting Standard No. 16[44] Foreign Exchange and Taxation - The company reported a net foreign exchange gain of HKD 98,000 in the first quarter of 2019, compared to a gain of HKD 2,752,000 in the previous year[7] - The group did not recognize any deferred tax liabilities during the period, consistent with the previous year[28] - The group did not make any provisions for Hong Kong profits tax due to the absence of taxable profits during the period[27] Corporate Governance and Structure - The company has adopted a code of conduct for securities transactions in compliance with GEM Listing Rules[68] - The company has adhered to the corporate governance code as per GEM Listing Rules Appendix 15 during the reporting period[70] - The Audit Committee was established on June 5, 2002, and is responsible for reviewing the group's financial reports and risk management systems[71] - The board of directors includes both executive and independent non-executive members, ensuring diverse oversight[75] Future Plans and Strategy - The company continues to focus on the automotive sales and related services sector, with no new product launches or significant market expansion strategies disclosed in the report[13] - The company plans to continue prudent cost control measures to enhance productivity and provide quality services, while maintaining long-term relationships with luxury and ultra-luxury automotive suppliers[52] - The company will pursue development through its own initiatives as well as acquisitions or joint ventures[53] Shareholding and Assets - Tycoons Investment International Limited holds 29,788,033 shares, with Mr. Chen Jingxie owning 100% of the company[15] - Galligan Holdings Limited holds 39,700,000 shares, with Credit Suisse Trust Limited owning 100% of the company[15] - As of March 31, 2019, the total assets of the company were approximately HKD 1,863,249,000[66] - The guarantee provided to Zhongbao Group amounted to HKD 162,074,000, representing 8.7% of the asset ratio[67] Dividend and Share Buybacks - The company does not recommend the payment of an interim dividend for the three months ended March 31, 2019[51] - No buybacks or repurchases of the company's listed securities occurred during the three months ending March 31, 2019[72] - The unaudited condensed consolidated financial statements for the three months ending March 31, 2019, were reviewed by the Audit Committee[71]

Financial Performance - In 2018, G.A. Holdings Limited experienced a revenue growth of 9.7% year-on-year despite challenges in the Chinese automotive market[11]. - For the year ended December 31, 2018, total revenue increased by 9.7% to HKD 2,225,095,000 from HKD 2,027,453,000 in 2017, primarily due to increased income from automotive services and sales of automotive parts[30]. - Automotive sales revenue rose by 2.5% to HKD 1,502,280,000, accounting for 67.5% of total revenue, down from 72.3% in 2017[31]. - Revenue from automotive services and sales of automotive parts increased by 29.6% to HKD 684,500,000, driven by higher order volumes and sales in Fuzhou and Xiamen[32]. - Operating profit for the year was HKD 77,388,000, a decrease of 21.2% from HKD 98,186,000 in 2017, attributed to reduced gross margins and increased operating costs[30]. - The operating profit margin slightly decreased from 16.0% to 14.6%[11]. - Financial costs increased from HKD 28,213,000 for the year ended December 31, 2017, to HKD 39,492,000 for 2018, primarily due to increased borrowing starting in the second half of 2017[43]. - Income tax expenses for the year ended December 31, 2018, were HKD 15,909,000, a decrease of HKD 6,535,000 from HKD 22,444,000 for the year ended December 31, 2017, mainly due to a decrease in profit before tax[46]. Market Conditions - The ongoing macroeconomic decline and uncertainties from the US-China trade war are expected to continue impacting the automotive market in 2019[12]. - The reduction of import tariffs on automobiles in China from 20%-25% to 15% aimed to stimulate demand[11]. - The group anticipates that macroeconomic downturns and uncertainties from the US-China trade war will continue to impact the automotive market in 2019, and will implement prudent cost control measures to enhance productivity[61]. - The company’s revenue is heavily reliant on high-end automotive brands, and a slowdown in China's economic development may suppress consumer spending, particularly in automotive sales and services[162]. Corporate Governance - The company is committed to good corporate governance, ensuring responsible decision-making and transparency in shareholder communications[118]. - The roles of the chairman and the CEO are separated to ensure a balance of power and authority within the company[131]. - Independent non-executive directors constitute more than one-third of the board, ensuring compliance with GEM listing rules[134]. - The company has adopted a code of conduct for securities trading, with no violations reported by any directors during the year ending December 31, 2018[119]. - The board will continuously review its corporate governance practices to ensure compliance with the relevant codes and standards set by the stock exchange[178]. Employee Management - As of December 31, 2018, the company employed a total of 849 employees, a decrease from 896 in 2017, with 821 in China, 23 in Hong Kong, and 5 in Singapore[184]. - The gender ratio of employees is approximately 1.7:1, with 532 males and 317 females, indicating a predominance of male professionals in the automotive sector[187]. - The company has implemented a clear internship program, having 17 interns as of December 31, 2018, down from 28 in 2017, aimed at training young talent for future employment[187]. - The company conducts regular performance evaluations every six months or annually to ensure competitive salary structures and retain quality employees[191]. - The remuneration of directors is determined based on individual performance, company operational performance, and market benchmarks[86]. 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[161]. - The company's risk assessment involves estimating the likelihood and potential impact of identified risks in both qualitative and quantitative terms[156]. - The Audit Committee believes that the risk management and internal control systems established by the company are adequate and effective[154]. - The company’s management is responsible for ensuring compliance with relevant laws and regulations while considering changes in the environment and risk tolerance[154]. Environmental Responsibility - The group is committed to adhering to environmental, social, and governance (ESG) guidelines, as evidenced by its compliance with the "comply or explain" principle in its ESG reporting[169]. - The total electricity consumption for the year was approximately 5,158,000 kWh, resulting in CO2 equivalent emissions of about 2,834,000 kg[197]. - The group used approximately 32,925 cubic meters of water during the year, with a water intensity of about 38.8 cubic meters per employee[198]. - The group encourages employees to minimize paper usage, resulting in a total paper consumption of approximately 9,240 kg for the year[200]. - The group promotes environmental awareness among employees and car renters, aiming to reduce its environmental footprint[193]. Shareholder Communication - The company maintains regular communication with shareholders through quarterly, interim, and annual reports, as well as annual general meetings[170]. - The annual general meeting is scheduled for May 8, 2019, with a suspension of share transfer registration from May 3 to May 8, 2019[69].