Financial Performance - The company reported a significant increase in revenue, achieving a total of HK$XX million, representing a YY% growth compared to the previous year[13]. - The Group's revenue for the year ended March 31, 2019, was approximately HK$326.926 million, a decrease of approximately 1.07% compared to HK$330.455 million in 2018[34]. - Revenue for the year ended 31 March 2019 was approximately HK$326.926 million, a decrease of approximately 1.07% compared to HK$330.455 million in 2018[49]. - Gross profit for the same period was approximately HK$142.803 million, representing a decrease of approximately 8.14% from HK$155.455 million in 2018[49]. - The operating loss from operations was approximately HK$44.529 million, improved from an operating loss of approximately HK$88.616 million in 2018[34]. - The operating loss was approximately HK$44.529 million, a significant improvement from an operating loss of approximately HK$88.616 million in 2018[49]. - The net loss attributable to owners of the Company was approximately HK$50.356 million, compared to a net profit of approximately HK$102.735 million in 2018[34]. - Net loss attributable to owners of the Company was approximately HK$50.356 million, down from a net loss of approximately HK$102.735 million in 2018[49]. - Administrative expenses increased by approximately 7.48% to approximately HK$85.005 million, up from HK$79.091 million in 2018, due to higher depreciation and rental expenses[57]. - Selling and distribution expenses rose by approximately 0.88% to approximately HK$67.016 million, compared to HK$66.431 million in 2018[56]. - Finance costs decreased by approximately 31.15% to approximately HK$1.536 million, down from HK$2.231 million in 2018, attributed to reduced bank borrowings[58]. Operational Developments - User data showed an increase in active users, reaching ZZ million, which is an increase of AA% year-over-year[13]. - The Group operates three general hospitals in Jiaxing, Zhuhai, and Beijing, down from four hospitals in 2018[35]. - The Group continues to allocate resources to seek business opportunities for expanding hospital services[35]. - The Group operated three general hospitals in the PRC during the year, down from four in the previous year, and plans to diversify hospital services in the coming years[50]. - The company faces market risks due to recent restructuring of healthcare ministries, potentially impacting hospital operations and management[125]. - Operational risks arise from varying regional governance affecting hospital management across different cities, posing challenges for standardization[126]. - The company faces operational risks due to varying regulations across different cities in China, impacting hospital management and standardization[129]. - The management emphasizes adherence to regional and central policies to ensure stable and effective operations[129]. Strategic Initiatives - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of BB% driven by new product launches and market expansion[13]. - Investment in research and development increased by CC%, focusing on innovative healthcare solutions and technologies[13]. - The company is planning to expand its market presence in Southeast Asia, targeting a market share increase of DD% over the next two years[13]. - A strategic acquisition was completed, enhancing the company's capabilities in the healthcare sector, expected to contribute an additional EE million in revenue annually[13]. - The company has introduced a new product line that is anticipated to generate FF million in sales within the first year of launch[13]. - The company aims to enhance its digital platform, with an investment of HH million planned for the upcoming year to improve user experience and engagement[13]. - The management is optimistic about the upcoming year, expecting fast growth and efficient integration of the Group's resources[75]. - The Group plans to explore newly developed medical technologies to address local community needs[75]. Sustainability and Governance - The management emphasized the importance of sustainability initiatives, committing to reduce carbon emissions by II% over the next five years[13]. - The Company has adopted the Corporate Governance Code effective from April 1, 2012, to enhance corporate value and accountability[149]. - The Company emphasizes the importance of corporate governance as a key element in creating shareholder value[149]. - The Board consists of three executive Directors and three independent non-executive Directors, with ten full Board meetings held during the year ended March 31, 2019[161]. - The Company has established three committees: Audit Committee, Nomination and Corporate Governance Committee, and Remuneration Committee, each with defined written terms of reference[155]. - The Company will review the effectiveness of its corporate governance structure periodically[177]. Shareholder and Financial Management - The Directors do not recommend the payment of a final dividend for the year ended 31 March 2019, consistent with 2018[68]. - As of March 31, 2019, the Group had total cash and cash equivalents of approximately HK$126.830 million, a decrease from HK$132.283 million in 2018[77]. - The Group recorded total current assets of approximately HK$171.489 million as of March 31, 2019, down from HK$190.545 million in 2018, while total current liabilities were approximately HK$62.405 million[77]. - The current ratio of the Group was approximately 2.748 as of March 31, 2019, compared to 3.109 in 2018[77]. - The Group had no material capital commitments as of March 31, 2019[79]. - As of March 31, 2019, the Group had no bank borrowings, while it had bank borrowings of approximately HK$10.000 million as of March 31, 2018[88]. - The total issued share capital of the Company as at 31 March 2019 was approximately HK$29.168 million, unchanged from 2018[90]. - The Company placed 460,000,000 shares at an issue price of HK$0.1 per share, raising net proceeds of approximately HK$44.5 million[114]. - Approximately HK$22 million of the proceeds was allocated for the repayment of promissory notes, and HK$22.5 million for general working capital[114]. Corporate Structure and Changes - The Company changed its English name from "Hua Xia Healthcare Holdings Limited" to "Good Fellow Healthcare Holdings Limited" on 8 February 2019[99]. - The stock short names for trading were changed to "GF HEALTHCARE" in English and "金威醫療" in Chinese on 25 March 2019[104]. - The official website of the Company was changed to "http://www.gf-healthcare.com" on 20 March 2019[105]. - The company changed its stock trading name from "HUA XIA HEALTH" to "GF HEALTHCARE" on March 25, 2019[109]. - The controlling shareholder, Xingyang Global Limited, acquired 553,491,516 shares, representing approximately 19.64% of the company's issued share capital on April 24, 2018[110]. - There were no outstanding share options under the employee share option schemes as of 31 March 2019, down from 65,090,000 in 2018[92]. - On 30 October 2018, the Company agreed to sell the entire issued share capital of Hero Vision for HK$73 million, with completion on 31 January 2019[97]. - On April 16, 2019, the company agreed to sell the entire issued share capital of Sino Brave Investments Limited for HK$1,000,000, ceasing its consolidation into the group’s financial statements[121].

Financial Performance - For the nine months ended December 31, 2018, the group recorded total revenue of approximately HKD 264,242,000, an increase of about 8.108% compared to HKD 244,425,000 for the same period in 2017[4] - For the three months ended December 31, 2018, the loss attributable to owners of the company was approximately HKD 146,000, compared to a profit of approximately HKD 1,280,000 for the same period in 2017[5] - The company reported a gross profit of HKD 64,925,000 for the three months ended December 31, 2018, compared to HKD 60,493,000 for the same period in 2017, reflecting an increase in gross profit margin[5] - The total comprehensive loss for the nine months ended December 31, 2018, was HKD 39,902,000, compared to a total comprehensive income of HKD 3,010,000 for the same period in 2017[7] - The company incurred a loss of HKD 24,168,000 for the nine months ended December 31, 2018, compared to a loss of HKD 2,068,000 for the same period in 2017[8] - The company reported a gross profit of HKD 186,362,000 for the nine months ended December 31, 2018, compared to HKD 176,794,000 for the same period in 2017[5] - The company recorded a loss of HKD 19,194,000 from operating activities for the nine months ended December 31, 2018, compared to a profit of HKD 7,568,000 for the same period in 2017[5] - The basic and diluted loss per share for the nine months ended December 31, 2018, was HKD 0.768, compared to HKD 0.088 for the same period in 2017[8] - The company reported a revenue of HKD 92,095,000 for the three months ended December 31, 2018, compared to HKD 84,921,000 for the same period in 2017, representing an increase of approximately 14%[31] - For the nine months ended December 31, 2018, the basic loss per share was HKD 0.0079, compared to a profit of HKD 0.000876 in the same period of 2017[34] Dividend Policy - The company did not recommend the payment of dividends for the nine months ended December 31, 2018, consistent with the previous year[4] - The company did not recommend any dividend for the nine months ended December 31, 2018, consistent with the previous year[33] Share Capital and Ownership - The total issued share capital of the company as of December 31, 2018, was approximately HKD 29,168,000, consisting of 2,818,249,944 ordinary shares[28] - As of December 31, 2018, the company had a total of 1,680,459,460 shares held by major shareholders, representing approximately 59.63% of the issued shares[66] - Major shareholder Xingyang Global Limited holds 1,680,459,460 shares, which is 59.63% of the total issued shares[67] - The company has 450,000 unexercised stock options as of December 31, 2018, accounting for about 0.02% of the company's issued share capital[72] Corporate Governance - The company has adopted a code of conduct for securities trading by directors, which complies with GEM listing rules[76] - The company has established a remuneration committee to determine the specific remuneration packages for all executive directors, considering factors such as comparable company salaries and performance-linked compensation[80] - The audit committee has been formed to ensure adequate and effective accounting and financial controls, as well as to oversee the performance of risk management and internal control systems[83] - The company has complied with the corporate governance code as per GEM listing rules for the nine months ending December 31, 2018[79] - The remuneration committee includes four members, comprising one executive director and three independent non-executive directors[80] - The company has maintained compliance with the GEM listing rules regarding the conduct of its directors[76] Business Operations - The company operates as an investment holding company, with its subsidiaries primarily engaged in providing comprehensive hospital services in China[28] - The group operates four general hospitals in Chongqing, Jiaxing, Zhuhai, and Beijing, contributing a total revenue of approximately HKD 264,242,000 for the nine months ended December 31, 2018[49] - The corporate income tax provision for profits generated from hospital services in China was approximately 25%[32] - The company has not made any provisions for Hong Kong profits tax due to no taxable profits from its Hong Kong operations during the period[32] Future Outlook - The company anticipates greater development potential in the healthcare industry due to increasing demand for quality services and diversified healthcare models by 2020[50] - The company plans to continue improving service quality and introducing new medical technologies in the current market[51] Transactions and Agreements - The group completed the sale of its subsidiary Grand Motion Investments Limited for a cash consideration of HKD 60,000[41] - The group also sold its subsidiary Pico Rise Investments Limited for a cash consideration of HKD 900,000, with a net asset value of HKD 486,000 at the time of sale[42] - The company entered into a cooperation agreement with Putian Medical to establish and operate the Edinburgh International Hospital[55] Board Changes - There were changes in the board of directors, with Mr. Wu Zhilong resigning as vice chairman and executive director of another listed company effective July 31, 2018[77] - The nomination and corporate governance committee is responsible for reviewing the board's structure and recommending suitable candidates for board membership[82]