辰罡科技有限 公 司* 股份代號:8131 （於百慕達註冊成立之有限公司） 2025 中期報告 * 僅供識別 2025 Stock code:8131 abc Multiactive Limited (Incorporated in Bermuda with limited liability) 香港聯合交易所有限公司（「聯交所」）GEM 之特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的 公司帶有較高投資風險。有意投資的人士應了解投資於該等公司之潛在風險，並應經過審 慎周詳之考慮後方作出投資決定。 由於GEM 上市公司普遍為中小型公司，在GEM 買賣的證券可能會較於聯交所主板買賣之 證券承受較大的市場波動風險，同時無法保證在GEM 買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及香港聯合交易所有限公司對本報告之內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不就因本報告全部或任何部分內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 本報告乃根據聯交所《GEM 證 券 上 市 規 則》（「GEM 上市規則」）之 規 定 提 供 有 關 ...

（於 百 慕 達 註 冊 成 立 之 有 限 公 司） （股份代號：8131） 辰 罡 科 技 有 限 公 司 * abc Multiactive Limited 中期業績公告 截至二零二五年五月三十一日止六個月 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交 所上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司之潛在 風險，並應經過審慎周詳之考慮後方作出投資決定。 由於GEM 上市公司普遍為中小型公司，在GEM 買賣的證券可能會較於聯交所主 板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高 流通量的市場。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本公告乃根據聯交所《GEM 證券上市規則》（「GEM 上市規則」）之規定提供有關 abc Multiactive Limited（辰罡科技有限公司）（「本公司」）之資料。本公司各董事共 同 ...

Group 1 - The Hang Seng Index rose by 0.37% to close at 22,775.92 points on May 8 [1] - Changan Technology (08131.HK) closed at HKD 0.106 per share, up 20.45%, with a trading volume of 420,000 shares and a turnover of HKD 35,000, showing a volatility of 27.27% [1] Group 2 - Over the past month, Changan Technology has seen a cumulative increase of 6.02%, and a year-to-date increase of 37.5%, outperforming the Hang Seng Index's increase of 13.12% [2] - As of November 30, 2024, Changan Technology reported total revenue of HKD 37.9284 million, a year-on-year increase of 56.73%, and a net profit attributable to shareholders of -HKD 6.9534 million, a year-on-year increase of 41.1%, with a gross margin of 30.04% and a debt-to-asset ratio of 97.89% [2] Group 3 - Currently, there are no institutional investment ratings for Changan Technology [3] - The average price-to-earnings (P/E) ratio for the software services industry (TTM) is -4.25, with a median of -2.07. Changan Technology's P/E ratio is -5.56, ranking 118th in the industry [3] - Changan Technology provides comprehensive securities and trading ticket processing solutions for banks and brokers, recognized for its strong technical capabilities. The company has been described as a "world-class" software development company in a year-long research project by MIT [3]

Financial Performance - The company reported a revenue of approximately HKD 41,068,000 for the year ended November 30, 2024, representing a 56.7% increase from HKD 26,203,000 in the previous year[12]. - The net loss for the year was approximately HKD 7,829,000, a 38.8% improvement compared to a net loss of HKD 12,782,000 in the prior year[12]. - The gross profit margin decreased to 30.0% from 58.9%, reflecting a 49.1% decline[12]. - Total assets decreased by 34.9% to HKD 27,151,000 from HKD 41,720,000[12]. - The company's cash and cash equivalents increased by 87.7% to HKD 11,494,000 from HKD 6,123,000[12]. - Operating expenses were approximately HKD 14,065,000, a 19.2% reduction from HKD 17,408,000 in the previous year[17]. - Revenue contributions included approximately HKD 11,620,000 (28.3%) from fintech resource services and HKD 14,010,000 (34.1%) from professional services[17]. - The revenue from the support services segment was approximately HKD 25,630,000, an increase of 170.8% from HKD 9,465,000 in the previous year[23]. - The total employee cost for the year was approximately HKD 7,029,000, a decrease from HKD 9,633,000 in the previous year[45]. Future Outlook - The company aims to expand its product lines and service offerings into new sectors and financial industries in 2025[8]. - The management expresses cautious optimism for 2025, anticipating a recovery in the Hong Kong economy and increased investment in IT infrastructure by financial institutions[8]. - The group anticipates a gradual recovery of the Hong Kong economy by 2025, maintaining an optimistic outlook for the financial market[21]. - The company expects to enhance operational efficiency and drive revenue growth as its primary goal for 2025[47]. Employee and Workforce Management - The company employed 16 staff in Hong Kong as of November 30, 2024, down from 18 in the previous year[45]. - Employee costs (excluding director remuneration) totaled approximately HKD 7,029,000, a decrease of 27.0% from HKD 9,633,000 in the previous year[19]. - The employee turnover rate for the year was 59%, an increase from 43% in 2023[131]. - The turnover rate for female employees rose significantly to 80% in 2024 from 31% in 2023[131]. - The group offers a minimum of 7 days of annual leave and additional leave types, promoting a competitive benefits package[132]. - The group emphasizes a fair recruitment process, prioritizing internal promotions before external hiring[130]. - The group has a zero-tolerance policy towards workplace harassment, ensuring a respectful work environment[133]. - The group provides flexible leave arrangements and medical insurance to support employee health and safety[136]. Environmental, Social, and Governance (ESG) Initiatives - The group is committed to sustainable development and has implemented significant measures related to environmental protection and community investment[98]. - The company has achieved a 46.72% reduction in total greenhouse gas emissions from fiscal year 2023 to fiscal year 2024, maintaining or lowering emissions density per employee[110]. - The total greenhouse gas emissions for fiscal year 2024 amounted to 18.62 tons of CO2 equivalent, down from 34.95 tons in fiscal year 2023[111]. - The company actively monitors climate change regulations and global trends to avoid cost increases and has implemented energy-saving measures[102]. - The company focuses on reducing resource usage across all operational aspects to protect the environment, particularly in energy and paper consumption[106]. - The total amount of non-hazardous waste generated in 2024 was 103.75 kg, a 70% reduction from 353.97 kg in 2023[113]. - The company is committed to integrating sustainability into its business operations and fulfilling its corporate responsibilities[99]. Corporate Governance - The board believes that corporate governance is a crucial element for the company's success and has adopted measures to maintain high standards of governance[169]. - The board consists of two executive directors and three independent non-executive directors, all of whom have confirmed their independence[174]. - The company has not established an internal audit function since its listing in 2000, but believes its current organizational structure provides sufficient risk management[172]. - The management provides quarterly financial reports to the board, detailing the company's performance and financial status[171]. - The company plans to hold three regular board meetings annually, with additional special meetings as necessary[176]. - The nomination committee adopted a board diversity policy in 2014, which was reviewed in the 2024 reporting year[178]. - The board ensures that newly appointed directors understand the group's operations and their responsibilities under applicable laws and regulations[187]. Compliance and Risk Management - The company has not discovered any serious violations of laws regarding bribery, extortion, fraud, and money laundering this year, with no corruption lawsuits filed against the company or its employees[156]. - The company has established policies to prevent bribery and corruption, ensuring that any benefits received during business operations comply with established policies and require prior written approval[153]. - The company has implemented a whistleblowing mechanism to encourage open communication and prompt reporting of any concerns by employees[158]. - The company provides ongoing training for directors on compliance with listing rules and regulatory developments to ensure adherence to relevant regulations[157].

Financial Performance - Total revenue for the year ended November 30, 2024, was HKD 41,068,000, representing a 56.6% increase from HKD 26,203,000 in 2023[6] - Gross profit decreased to HKD 12,335,000 from HKD 15,429,000, a decline of 20.5%[6] - Operating loss improved to HKD 6,400,000 from HKD 11,466,000, a reduction of 44.5%[6] - Loss before tax decreased to HKD 7,829,000 from HKD 12,773,000, a decrease of 38.3%[6] - Basic loss per share improved to HKD 1.58 from HKD 2.69, a reduction of 41.3%[6] - The group reported a loss of approximately HKD 7,829,000 for the year ending November 30, 2024[12] - The company reported a pre-tax loss of HKD 7,829,000 in 2024, an improvement from a loss of HKD 12,773,000 in 2023[22] - The net loss for the year was approximately HKD 7,829,000, an improvement from a net loss of HKD 12,782,000 in the previous year[51] Assets and Liabilities - Total assets decreased to HKD 27,151,000 from HKD 41,720,000, a decline of 34.8%[7] - Total liabilities decreased to HKD 26,578,000 from HKD 33,545,000, a reduction of 20.7%[7] - As of November 30, 2024, the group's net current liabilities amounted to approximately HKD 292,000, indicating significant uncertainty regarding the group's ability to continue as a going concern[12] - The company’s equity attributable to owners decreased to HKD 646,000 from HKD 8,175,000, a decline of 92.1%[7] - The group reported a loss of approximately HKD 7,829,000 for the year ending November 30, 2024, indicating significant uncertainty regarding its ability to continue as a going concern[71] - The group's net current liabilities amounted to approximately HKD 292,000 as of November 30, 2024, raising concerns about its financial stability[71] Cash Flow and Financial Support - Cash and cash equivalents increased to HKD 11,494,000 from HKD 6,123,000, an increase of 88.9%[7] - The group has received a financial support letter from Active Investments Capital Limited, agreeing not to demand repayment of approximately HKD 15,500,000 due on June 1, 2025, until the group is able to repay[16] - The board believes that the group will have sufficient working capital to meet its financial obligations for the next twelve months, considering planned measures[14] Revenue Segments - The group operates two business segments: Financial Solutions and Support Services, with distinct risks and returns associated with each segment[21] - The financial solutions segment generated revenue of HKD 15,438,000 in 2024, down 7.7% from HKD 16,738,000 in 2023[22] - The support services segment saw revenue rise to HKD 25,630,000 in 2024, up 170.5% from HKD 9,465,000 in 2023[22] - Revenue sources included approximately HKD 2,931,000 (7.1%) from software licensing and related services, HKD 11,009,000 (26.8%) from maintenance services, and HKD 14,010,000 (34.1%) from professional services[51] Operational Efficiency and Cost Control - The group is implementing stricter cost control measures to improve operational efficiency and enhance future cash flow from operations[16] - Operating expenses for the year were approximately HKD 14,065,000, a decrease of 19.2% compared to HKD 17,408,000 in the previous year[51] - The company is committed to improving operational efficiency and driving revenue growth as its primary objectives for 2025[62] Future Outlook and Strategy - The company plans to continue focusing on expanding its support services segment, which has shown significant growth[22] - The company anticipates continued strong performance from regulatory technology solutions and related services, contributing positively to the group's results as it approaches 2025[56] - The company plans to enhance its product and service offerings to assist clients with compliance matters, capitalizing on the growing market demand[56] - The board expects that efforts in developing new products and marketing will yield benefits in the upcoming year[62] - The company aims to optimize its business portfolio and explore profitable business opportunities, including financial-related services, to maximize shareholder value and sustainable growth[63] Credit and Receivables - The expected credit loss provision for trade receivables increased to HKD 15,007,000 in 2024 from HKD 11,793,000 in 2023, representing a rise of about 27.5%[40] - The total trade receivables for 2024 amount to HKD 22,287,000, down from HKD 38,845,000 in 2023, indicating a decrease of about 42.5%[40] - The net trade receivables after expected credit loss provisions are HKD 7,280,000 for 2024, compared to HKD 27,052,000 in 2023, a decline of approximately 73.0%[40] - The company confirmed a provision for expected credit losses on trade receivables of approximately HKD 3,214,000, down from HKD 7,474,000 in the previous year[53] Legal and Compliance - The company has no significant contingent liabilities as of November 30, 2024, maintaining a stable financial position[59] - The company has no major litigation as of November 30, 2024, indicating a favorable legal standing[61] Governance and Oversight - The audit committee held three meetings during the 2024 reporting year to review the company's reports and accounts, providing recommendations to the board[70]

Financial Performance - The company reported a net loss of approximately HKD 5,165,000 for the six months ended May 31, 2024, compared to a net loss of approximately HKD 2,096,000 for the same period in 2023[13]. - The unaudited net loss for the same period was approximately HKD 5,165,000, an increase of 146.4% from HKD 2,096,000 in the previous year, primarily due to reduced gross profit and increased operating expenses[20]. - The group reported a loss before tax of HKD 5,165,000, compared to a loss of HKD 2,096,000 in the previous year[56]. - The unaudited basic loss per share for the six months ended May 31, 2024, was HKD 1.09, compared to HKD 0.44 for the same period in 2023[43]. Revenue and Sales - For the six months ended May 31, 2024, the group recorded unaudited revenue of approximately HKD 12,850,000, a decrease of 3.8% compared to HKD 13,364,000 in the same period last year[20]. - Revenue breakdown includes approximately HKD 1,675,000 (13%) from software licensing, HKD 5,659,000 (44%) from maintenance services, HKD 18,000 (0.2%) from hardware sales, and HKD 5,498,000 (42.8%) from fintech resource services[20]. - The group experienced a 20.8% increase in unaudited revenue from fintech resources, rising from HKD 4,553,000 in the previous year to HKD 5,498,000[20]. - Revenue from financial solutions was HKD 7,352,000, down from HKD 8,811,000, while revenue from fintech resources increased by 20.8% to HKD 5,498,000 from HKD 4,553,000[56][57]. Assets and Liabilities - Total assets for the financial solutions segment decreased from HKD 44,605,000 in 2023 to HKD 24,164,000 in 2024, representing a decline of 45.8%[2]. - Total liabilities for the financial solutions segment decreased from HKD 20,035,000 in 2023 to HKD 12,005,000 in 2024, a reduction of 40.1%[3]. - The total assets as of May 31, 2024, were HKD 30,120,000, a decrease from HKD 41,720,000 as of November 30, 2023[44]. - The total liabilities as of May 31, 2024, were HKD 27,110,000, down from HKD 33,545,000 as of November 30, 2023[45]. Operating Expenses - Operating expenses for the period were approximately HKD 5,863,000, a decrease of 3.6% from HKD 6,079,000 in the previous year, mainly due to reduced sales commissions[21]. - Employee costs totaled approximately HKD 7,108,000, an increase of 42.3% from HKD 4,994,000 in the previous year, attributed to an increase in headcount[34]. - The group’s administrative costs and financing costs have impacted overall profitability, with net financing costs reported at (HKD 4,269,000) compared to (HKD 4,285,000) in the previous year[56]. Cash Flow - The net cash generated from operating activities for the six months ended May 31, 2024, was HKD 7,358,000, significantly up from HKD 1,000,000 for the same period in 2023[47]. - The cash and cash equivalents at the end of May 31, 2024, were HKD 13,258,000, an increase from HKD 6,123,000 at the beginning of the period[47]. Dividends and Shareholder Equity - The company did not declare an interim dividend for the six months ended May 31, 2024, consistent with the previous year[11]. - The company reported a total equity attributable to owners of the company of HKD 3,010,000 as of May 31, 2024, down from HKD 8,175,000 as of November 30, 2023[44]. Staff and Employment - The group employed 35 staff in Hong Kong as of May 31, 2024, compared to 24 staff in the previous year[27]. Regulatory and Compliance - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from December 1, 2023, but these have not had a significant impact on the financial statements[50]. - The company is currently evaluating the impact of new and revised accounting standards that have been issued but are not yet effective[50]. Strategic Initiatives - The group is focusing on enhancing its regulatory technology solutions (FinReg) to assist clients with transaction monitoring and anti-money laundering compliance[78]. - The group aims to leverage technology to improve operational efficiency in response to the growing demand for IT specialists in the fintech sector[57]. - The company aims to enhance its research and development capabilities while improving the quality of its sales and marketing teams to boost sales performance in 2024[80]. - The company recognizes the market potential for regulatory technology solutions and plans to invest more resources to provide tailored solutions to clients[88]. - The company is committed to exploring innovative technology solutions to enhance business performance and meet industry demands[94]. Product Development - The new product "abcWealthConnect" has been successfully launched, providing an asset management platform that enhances efficiency in portfolio construction and performance calculation[85]. - The company is focusing on expanding its product line and enhancing marketing activities to promote new products and services[84]. - The company has made significant progress in improving the OCTOSTP system to meet the technical requirements of the new diversified stock trading platform introduced by the exchange[87]. Meetings and Governance - The audit committee held two meetings during the six-month period ending May 31, 2024, to review the company's reports and financial statements[105]. - The management provided detailed updates on the company's performance, financial condition, and outlook to the board during regular quarterly meetings[109]. - The company did not redeem any listed securities during the six-month period ending May 31, 2024, nor did it purchase or sell any of its listed securities[113].

Financial Performance - The group's unaudited revenue for the six months ended May 31, 2024, was HKD 12,850,000, a decrease of 3.84% from HKD 13,364,000 for the same period in 2023[4] - The unaudited net loss for the six months ended May 31, 2024, was HKD 5,165,000, compared to a net loss of approximately HKD 2,096,000 for the same period in 2023, representing an increase in loss of 146.5%[4] - The unaudited basic loss per share for the six months ended May 31, 2024, was HKD 1.09 cents, compared to HKD 0.44 cents for the same period in 2023[4] - Revenue for the six months ended May 31, 2024, was HKD 12,850,000, a decrease of 3.8% from HKD 13,364,000 in the same period of 2023[39] - Gross profit decreased to HKD 4,976,000, down 49.3% from HKD 9,802,000 year-on-year[39] - Operating loss increased to HKD 4,469,000 compared to a loss of HKD 1,476,000 in the previous year[39] - Loss before tax was HKD 5,165,000, significantly higher than the loss of HKD 2,096,000 in the same period last year[39] - Basic loss per share was HKD (1.09), compared to HKD (0.44) in the previous year[39] Assets and Liabilities - Total assets as of May 31, 2024, were HKD 30,120,000, down from HKD 41,720,000 as of November 30, 2023, indicating a decrease of 27.7%[8] - Total liabilities as of May 31, 2024, were HKD 27,110,000, a decrease from HKD 33,545,000 as of November 30, 2023, reflecting a reduction of 19.3%[8] - The equity attributable to owners of the company was HKD 3,010,000 as of May 31, 2024, down from HKD 8,175,000 as of November 30, 2023, representing a decline of 63.2%[9] - Total liabilities included non-current liabilities of HKD 14,000,000, up from HKD 13,307,000 in the previous year[31] - Total equity decreased to HKD 3,010,000 from HKD 18,861,000 year-on-year[35] Cash Flow - Cash and cash equivalents increased to HKD 13,258,000 as of May 31, 2024, compared to HKD 6,123,000 as of November 30, 2023, showing an increase of 116.5%[7] - The group reported a net cash inflow from operating activities of HKD 7,358,000 for the six months ended May 31, 2024, compared to HKD 1,000,000 in the same period last year, indicating a significant increase[165] - The group reported a net increase in cash and cash equivalents of HKD 7,135,000 for the period, compared to HKD 1,000,000 in the previous year, resulting in a cash balance of HKD 13,258,000 at the end of the period[165] Revenue Segmentation - Approximately 44% of total revenue for the period came from maintenance services, amounting to HKD 5,659,000[83] - Revenue from financial technology resources increased to HKD 5,498,000, up 20.8% from HKD 4,553,000 in the previous year[40] - Revenue from software licensing and related services decreased to HKD 1,676,000, down 30.7% from HKD 2,422,000 year-on-year[40] Employee Costs - Employee costs (excluding directors' remuneration) totaled approximately HKD 7,108,000, a 42.3% increase from HKD 4,994,000 in the same period last year, primarily due to an increase in the number of employees[59] - As of May 31, 2024, the total employee cost for the six months was approximately HKD 7,108,000, with 35 employees in Hong Kong, an increase from 24 employees in the previous year[112] Corporate Governance and Compliance - The company has adopted relevant amendments to the corporate governance code to ensure compliance with GEM listing rules[137] - The company completed the full implementation of the Hong Kong Investor Identification Regime for its OCTOSTP clients, enhancing compliance with exchange regulations[116] - The company has not redeemed or purchased any of its listed securities during the reporting period[139] Strategic Initiatives - The group has increased its focus on regulatory technology solutions, particularly the FinReg system, to assist clients with compliance and monitoring, addressing the growing market demand[92] - The group plans to enhance its R&D capabilities and improve the quality of its sales and marketing teams to drive revenue growth in 2024[97] - The group aims to leverage its diverse product offerings and technological capabilities to maintain market competitiveness and prepare for future growth opportunities[96] - The group is currently in discussions with several potential clients to implement its regulatory technology solutions, indicating ongoing market expansion efforts[173] Product Development - The new product "abcWealthConnect" was successfully launched, aimed at enhancing efficiency in portfolio management and performance calculation for asset management clients[94] - The group has successfully expanded its client base in the fintech resource services sector, signing new recruitment service contracts with clients from various industries[95] - The group has expanded its product line in 2023, with positive customer feedback on the new offerings, indicating a successful market entry[94] Market Conditions - The overall investment climate has become cautious due to global economic downturns, impacting new sales contracts during the period[91] - The company has not recorded any significant changes in the performance or financial condition that would require immediate reporting to the board[138] Financial Reporting Standards - The group has not applied any new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective, and is currently assessing their impact[16] - The group has adopted new and revised Hong Kong Financial Reporting Standards effective from December 1, 2023, with no significant impact on the financial statements expected[166]

Financial Performance - The company reported revenue of approximately HKD 26,203,000 for the year ended November 30, 2023, a decrease of 56.5% compared to HKD 60,244,000 in the previous year[21]. - The net loss for the year was approximately HKD 12,782,000, compared to a net profit of HKD 9,110,000 in the previous year[21]. - Revenue from software licensing, leasing, and related services accounted for approximately HKD 3,576,000 or 13.6% of total revenue[21]. - Revenue from maintenance services was approximately HKD 11,711,000 or 44.7% of total revenue[21]. - Revenue from the fintech resource services segment increased by 28.7% to approximately HKD 9,465,000 from HKD 7,353,000 in the previous year[29]. - The company’s cash and cash equivalents decreased by 20.2% to HKD 6,123,000 from HKD 7,674,000 in the previous year[21]. - Operating expenses were approximately HKD 17,408,000, a reduction of 31.3% from HKD 25,350,000 in the previous year[21]. - The company expects stable revenue from software licensing and maintenance services, which will continue to be a significant part of total revenue[24]. Business Strategy and Outlook - The company is cautiously optimistic about 2024, anticipating increased investment in IT infrastructure by financial institutions as travel between mainland China and Hong Kong normalizes[13]. - The goal for 2024 is to generate more recurring revenue and expand the product line into new sectors and financial industries[13]. - The R&D department continues to focus on developing innovative solutions in fintech and regtech, with plans to launch more solutions and services in 2024[13]. - The company plans to enhance its product and service marketing efforts to capitalize on new products and innovative ideas[28]. - The company maintains an optimistic outlook for regulatory technology and IT-related services, anticipating gradual recovery in the Hong Kong economy in 2024[26]. - The company plans to optimize its business portfolio and actively explore profitable business opportunities, including financial-related services[53]. - The group believes it has the capability to face future challenges and is prepared to seize growth opportunities as market conditions improve[52]. - The board is focused on maximizing shareholder value and sustainable growth through strategic business development[53]. Employee and Workforce Management - The total number of employees as of November 30, 2023, was 18[119]. - The company employed 18 staff in Hong Kong as of November 30, 2023, down from 26 in the previous year[50]. - The total employee cost for the year is approximately HKD 9,633,000, compared to HKD 9,518,000 in the previous year[50]. - The employee turnover rate for 2023 was 43%, down from 48% in 2022[140]. - The turnover rate for male employees increased to 48% in 2023 from 29% in 2022, while female turnover decreased to 31% from 88%[140]. - The company employed 12 male and 6 female employees in 2023, with a gender ratio of 67% male to 33% female[136]. - The company has a total of 4 management personnel, which increased from 3 in 2022[136]. - The company offers a minimum of 7 days of annual leave and additional leave types, promoting employee well-being[141]. - The company emphasizes internal promotions over external hiring, aiming to retain talent and enhance employee loyalty[139]. - The company conducts annual performance evaluations to assess employee contributions and set future performance goals[139]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to sustainable development and has established policies and measures to fulfill this commitment[102]. - The environmental, social, and governance (ESG) report covers the company's performance in these areas for the period from December 1, 2022, to November 30, 2023[103]. - The total greenhouse gas emissions for the fiscal year 2023 decreased by 16.59% compared to fiscal year 2022, reaching 34.95 tons of CO2 equivalent[118]. - The total amount of non-hazardous waste generated in fiscal year 2023 was 353.97 kg, a reduction of 11.24% from 398.8 kg in fiscal year 2022[121]. - The company has invested in energy-saving equipment and monitors energy usage monthly to reduce its carbon footprint[118]. - The company has implemented a paper-saving policy to promote a paperless workplace, including double-sided printing and digital communication[122]. - The company has implemented measures to reduce greenhouse gas emissions and is committed to better monitoring its performance to set more specific environmental quantitative goals[125]. - The company has established a mitigation plan to minimize potential risks from extreme weather events, including flexible work arrangements during adverse conditions[131]. Corporate Governance - The board believes that corporate governance is a key element for the company's success and has adopted various measures to maintain high standards of governance[178]. - The board consists of two executive directors and three independent non-executive directors, with all independent directors confirmed as independent[183]. - The company has not established an internal audit function since its listing in 2000, but believes its current structure provides sufficient risk management and internal control[181]. - The management provides quarterly financial reports to the board, summarizing the company's performance, financial condition, and outlook[180]. - The company has adopted relevant amendments to comply with the corporate governance code as per GEM listing rules[180]. - The internal control committee was established in 2007 to review the effectiveness of the internal control system and manage risks[181]. - The company has committed to regular reviews and appropriate actions to comply with the corporate governance code[180]. - The company adopted a board diversity policy in 2014, which was reviewed in 2023 to ensure its effectiveness and compliance with the new corporate governance code[188].

Financial Performance - For the fiscal year ended November 30, 2023, the company reported total revenue of HKD 26,203,000, a decrease of 56.5% compared to HKD 60,244,000 in the previous year[6]. - The gross profit for the year was HKD 15,429,000, down 56.7% from HKD 35,636,000 in 2022[6]. - The company incurred an operating loss of HKD 11,466,000, compared to an operating profit of HKD 10,803,000 in the prior year[6]. - The net loss attributable to shareholders for the year was HKD 12,782,000, compared to a profit of HKD 9,110,000 in 2022[6]. - Basic and diluted loss per share for the year was HKD 2.69, compared to earnings of HKD 1.91 and HKD 1.52 per share in the previous year[6]. - The total loss before tax for 2023 was HKD 12,773,000, compared to a profit of HKD 9,110,000 in 2022[31]. - The group reported a net loss of HKD 12,782,000 for the year, a significant decline from the profit of HKD 9,110,000 in the previous year[31]. - The income tax expense for the current year was HKD 9,000, while there was no tax expense for the previous year[42]. - The basic loss per share attributable to the owners of the company was HKD (12,782,000) for 2023, compared to a profit of HKD 9,110,000 for 2022[43]. - The diluted loss per share for the year ended November 30, 2023, was HKD (12,783,000), with no dilutive effect from convertible preference shares[44]. Revenue Breakdown - Revenue from software licensing and related services was zero in 2023, down from HKD 37,097,000 in 2022[22]. - Maintenance service revenue decreased slightly to HKD 11,711,000 in 2023 from HKD 12,025,000 in 2022[22]. - The group recognized contract revenue of HKD 1,035,000 in 2023, compared to HKD 574,000 in 2022, indicating an increase of approximately 80.5%[22]. - Revenue from hardware sales increased to HKD 416,000 in 2023 from HKD 72,000 in 2022, showing a growth of approximately 478%[22]. - The group provided financial technology resources services, generating HKD 9,234,000 from secondment services in 2023, up from HKD 6,389,000 in 2022[22]. - Revenue sources included approximately HKD 3,576,000 (13.6%) from software licensing and related services, HKD 11,711,000 (44.7%) from maintenance services, and HKD 9,465,000 (36.1%) from fintech resource services[57]. - The financial solutions segment generated revenue of HKD 16,738,000, down 68.4% from HKD 52,891,000 in the previous year[31]. - The fintech resources segment reported revenue of HKD 9,465,000, an increase of 28.7% from HKD 7,353,000 in 2022[31]. - Revenue from fintech resource services increased by 28.7% to approximately HKD 9,465,000, up from HKD 7,353,000 in the previous year, due to successful contract renewals and new client agreements[65]. Assets and Liabilities - Total assets decreased to HKD 41,720,000 from HKD 65,023,000, representing a decline of 35.7%[7]. - Current assets also fell to HKD 40,097,000 from HKD 61,376,000, a decrease of 34.6%[7]. - Total liabilities decreased to HKD 33,545,000 from HKD 44,066,000, a reduction of 24%[7]. - The company's equity attributable to shareholders decreased to HKD 8,175,000 from HKD 20,957,000, a decline of 61%[7]. - The total assets decreased to HKD 41,720,000 in 2023 from HKD 65,023,000 in 2022, representing a decline of 35.8%[33]. - The total liabilities also decreased to HKD 33,545,000 in 2023 from HKD 44,066,000 in 2022, a reduction of 24%[33]. - Trade receivables decreased to HKD 38,845,000 in 2023 from HKD 44,959,000 in 2022, with an expected credit loss provision of HKD 11,793,000[46]. - The aging analysis of trade receivables showed that HKD 35,132,000 was overdue by more than 360 days in 2023, compared to HKD 11,470,000 in 2022[48]. Operational Focus and Future Outlook - The company plans to focus on software research and development, as well as operational expenditures, which totaled HKD 4,540,000 for the year[6]. - The company expects stable revenue from software licenses, maintenance services, and other professional services, which will continue to contribute significantly to total revenue[59]. - The company plans to enhance its regulatory technology solutions and related services, anticipating continued positive contributions in the upcoming year despite increasing competition[62]. - The company aims to focus on R&D capabilities and improve the quality of its sales and marketing team to drive revenue growth in 2024[70]. - The company is optimistic about the future of regulatory technology and information technology services, planning to explore new business opportunities and expand its client base[63][69]. Internal Controls and Governance - The company has not established an internal audit function since its listing in 2000, but believes its current organizational structure provides sufficient risk management and internal control[74]. - The Audit Committee held four meetings during the reporting year to review the company's reports and accounts, providing recommendations to the Board[76]. - The company has established an Internal Control Committee since 2007 to review the effectiveness of its internal control systems[74]. - The external independent consultant reviewed the effectiveness of the company's internal control systems, identifying areas for improvement[74]. - The Audit Committee serves as a key liaison between the company and its external auditors, ensuring proper oversight of the audit process[76]. - The company is committed to providing accurate and complete information to the Board, confirming that the disclosed information is free from misleading elements[81]. Debt and Financing - The company issued a new promissory note of HKD 2,000,000 on November 29, 2022, to support operational funding, maturing on June 1, 2024[54]. - The company extended the maturity of the 2021 promissory note from June 1, 2023, to June 1, 2024, with a total book value of HKD 10,097,000[54]. - The company issued a new promissory note of HKD 2,500,000 on August 28, 2023, to support operational funding, maturing on June 1, 2025[54]. - The fair value difference of the 2022 first promissory note at initial recognition was approximately HKD 365,000[54]. - The company recognized a gain of approximately HKD 945,000 from the modification of the 2022 second promissory note[54]. Dividends and Shareholder Information - The company has not declared any dividends for the year ended November 30, 2023, consistent with the previous year[45]. - The weighted average number of shares used for calculating basic and diluted loss per share remained at 475,813,216 for both years[43][44]. - The company did not repurchase any of its listed securities during the year, consistent with the previous year[78]. - The company has not engaged in any purchases or sales of its listed securities during the reporting period, maintaining a consistent approach[78].

智通财经APP讯，辰罡科技(08131)发布公告，该集团预期截至2023年11月30日止年度将取得亏损净额约1278.2万港元，而截至2022年11月30日止年度取得纯利约911万港元。 公告称，截至2023年11月30日止年度的预期亏损净额乃主要归因于下列原因：(1)截至2023年11月30日止年度，集团取得收益约2620.3万港元，较上年同期约6024.4万港元减少56.5%。收益总额减少主要由于截至2023年11月30日止年度客户延后现有项目的交付及推出时间;及由于截至2023年11月30日止年度取得的收益减少，集团截至2023年11月30日止年度的毛利由3563.6万港元减少56.7%至1542.9万港元。 ...