Financial Performance - For the six months ended June 30, 2022, the company reported revenue of HKD 1,233,000, a decrease of 88.1% compared to HKD 10,343,000 in the same period of 2021[5] - The gross profit for the same period was HKD 267,000, down 79.0% from HKD 1,275,000 year-on-year[5] - The operating loss for the six months was HKD 8,600,000, compared to an operating loss of HKD 46,283,000 in the previous year, indicating an improvement[5] - The total comprehensive loss for the six months was HKD 19,845,000, compared to a loss of HKD 55,551,000 in the same period of 2021[7] - The company reported a basic and diluted loss per share of HKD 2.09 for the six months, compared to HKD 8.90 in the previous year[9] - The company recorded other income of HKD 859,000 for the six months, a decrease of 24.5% from HKD 1,133,000 in the previous year[5] - The company reported a net loss from discontinued operations of HKD 545,000 for the six months, compared to HKD 3,211,000 in the previous year[5] - The company reported a total comprehensive loss of HKD (19,846) million for the six months ended June 30, 2022, compared to a loss of HKD (55,551) million in the same period last year[21] - The loss attributable to the company's owners for the six months ended June 30, 2022, was approximately HKD 10,000,000, a decrease from HKD 41,800,000 in 2021[66] - The loss from discontinued operations for the six months ended June 30, 2022, was HKD 500,000, compared to a profit of HKD 3,200,000 in 2021, primarily due to goodwill impairment losses of HKD 18,600,000 in the beauty business[67] Assets and Liabilities - As of June 30, 2022, total assets were HKD 38,979,000, down from HKD 46,045,000 at the end of 2021[11] - Current liabilities increased to HKD 60,560,000 from HKD 57,285,000 year-on-year[13] - Total liabilities increased to HKD 226,729 million, up from HKD 211,166 million, representing a growth of 7.4% year-over-year[15] - The company has cash and cash equivalents of HKD 17,205,000, down from HKD 20,835,000 at the end of 2021[11] - The net debt increased to HKD (187,750) million from HKD (165,121) million, indicating a worsening financial position[18] - The company’s equity decreased to HKD 39,979 million from HKD 46,045 million, reflecting a decline of 13.5%[16] - As of June 30, 2022, the total borrowings of the group were approximately HKD 137,800,000, with HKD 77,200,000 due within one to two years and HKD 60,600,000 due within two to five years[68] Cash Flow - Net cash used in operating activities was HKD (7,693) million, an improvement from HKD (22,342) million in the previous year[25] - Cash and cash equivalents at the end of the period decreased to HKD 17,205 million from HKD 29,209 million, a decline of 41.1%[25] - The company’s cash flow from investing activities was HKD (700) million, a significant decrease from HKD 19,017 million generated in the previous year[25] - The company’s financing activities generated a net cash inflow of HKD 10,506 million, contrasting with a cash outflow of HKD (27,776) million in the prior year[25] Shareholder Information - Tai Dong holds 151,425,197 shares, representing 29.91% of the company's total equity[1] - HKBridge Absolute Return Fund, L.P. owns 64,148,063 shares, accounting for 12.67% of the total equity[1] - 融科控股集團有限公司 has a controlled interest in 130,212,675 shares, which is 25.72% of the total equity[1] - 港橋投資有限公司 holds 41,666,666 shares, representing 8.23% of the total equity[1] - KE10MA Holdings Inc. owns 29,286,971 shares, accounting for 5.79% of the total equity[1] - Greater Harmony Limited holds 30,000,000 shares, which is 5.93% of the total equity[1] - The total number of issued shares as of June 30, 2021, is 506,219,666[1] Corporate Governance - The audit committee consists of three independent non-executive directors, with Ms. Han Xiao as the chairperson[111] - The company has adhered to the GEM Listing Rules and corporate governance code throughout the six months ending June 30, 2022[114] - The roles of the chairman and CEO are clearly defined and separated, with Mr. Su Zhitun serving as the chairman[114] - As of June 30, 2022, the company has not appointed a CEO and is in the process of identifying a suitable candidate[114] - The board is committed to maintaining high standards of corporate governance to ensure compliance with laws and regulations[112] Market Outlook - The company anticipates an annual sales growth rate of approximately 15%-20% in the Chinese robotics market, with localization rates expected to exceed 41% in 2022[79] - The robotics industry in China is expected to achieve an average annual growth rate of over 20% in operating revenue during the 14th Five-Year Plan period[79] - The smart robot industry is projected to reach a market size of RMB 83.9 billion in 2021, with the industrial robot market expected to reach RMB 44.57 billion[83] - By 2023, the industrial robot market in China is anticipated to exceed RMB 58.9 billion, representing a significant growth trajectory[83] - Over the past decade, investments and financing in the smart robot industry have surpassed $100 billion, indicating strong capital interest[82] - The AI investment market saw a steady increase, with venture capital reaching $9.3 billion in 2018, highlighting the growing importance of AI technologies[82] - The global GDP is expected to gain an additional 14% growth from the AI market, equivalent to $1.57 trillion, showcasing the economic impact of AI[82] Risks and Challenges - The company acknowledges potential market risks, including supply chain stability and competition from new entrants, which could impact operational performance[85] - The company emphasizes the need for comprehensive testing of AI and robot technologies in daily applications to ensure business sustainability[85]

Financial Position - The total assets as of December 31, 2021, amounted to HKD 46,045 million[18] - The total liabilities were reported at HKD 223,553 million, resulting in a net equity of HKD (177,508) million[25] - Current assets totaled HKD 39,793 million, with cash and cash equivalents contributing HKD 20,835 million[16] - The company reported a capital deficit of HKD 51,647 million attributable to owners of the company[23] - Non-controlling interests were valued at HKD 125,861 million, reflecting a decrease of HKD 15,088 million[24] - The company’s trade payables stood at HKD 4,423 million, with other payables at HKD 54,127 million[27] - The total equity attributable to the owners of the company was HKD (51,647) million, indicating financial challenges[23] - The company has a significant amount of non-current liabilities, including other borrowings of HKD (70,654) million[27] - The total capital and reserves were reported at HKD 102,269 million, with a capital deficit of HKD 177,508 million[25] - The company’s financial position indicates a high level of liabilities compared to assets, with a net liability ratio of approximately 384%[25] Financial Performance - The company reported a total revenue loss of HKD 18,455,000 for the year ended December 31, 2021[29] - The gross loss amounted to HKD 5,334,000, with total other income losses reaching HKD 17,549,000[29] - Operating loss was reported at HKD 30,306,000, while financing costs totaled HKD 19,267,000[29] - The net loss from continuing operations was HKD 49,245,000, and the total comprehensive loss for the year was HKD 74,780,000[29] - The company’s total borrowings were approximately HKD 132.6 million as of December 31, 2021[54] Strategic Initiatives - Management plans to reduce total costs by 15% compared to the previous year through automation and cost control measures[57] - New contracts signed in June 2022 are expected to generate revenues of RMB 11,060,000 and RMB 3,468,000, with delivery dates by September 2022[57] - The company is actively seeking external financing and fundraising opportunities to improve liquidity[58] - The company is negotiating a new financing agreement of HKD 150 million with Huizhou Jindasheng Investment Co., Ltd[57] - The company aims to strengthen relationships with key customers to secure more recurring orders and improve cash flow[54] Operational Viability - The company's ability to continue operations depends on generating sufficient financial cash flow[59] - The audit opinion is expected to be removed from the consolidated financial statements for the year ending December 31, 2022, assuming timely implementation of the action plan[59]

Business Challenges and Responses - The group faced significant challenges in 2021 due to the COVID-19 pandemic, impacting the global economy and leading to cost pressures and order backlogs in the robotics business[15]. - The company has implemented multiple preventive measures in accordance with national and local COVID-19 regulations to mitigate the impact of the pandemic[15]. - Communication costs have increased significantly when engaging with overseas clients, particularly in expanding business with customers in Hong Kong and Southeast Asia[16]. - The robotics business has been affected by supply chain tensions and prolonged material cycles, leading to increased operational challenges[15]. - The company remains cautiously optimistic about China's economic recovery, despite ongoing sporadic COVID-19 cases affecting business development in certain regions[15]. Business Focus and Development - In 2021, the company divested its beauty products and services business to focus on intelligent equipment and engineering as its main business[16]. - The company continued to develop and sell a range of intelligent robots and automation systems, including service robots, patrol robots, and delivery robots, aimed at various sectors such as airports and smart communities[16]. - The R&D center, industrial base, and sales center established in Shenzhen will promote the popularization and promotion of robotics products under independent intellectual property rights[16]. - The group is committed to driving innovation in robotics technology and expanding its market presence through strategic initiatives[16]. - The company aims to leverage artificial intelligence to enhance the value of its intelligent applications and solutions for users[16]. Financial Performance - The group's revenue for the year was approximately HKD 18,500,000, a decrease of about 18.9% compared to HKD 22,800,000 in the previous year[26]. - Gross profit for the year was approximately HKD 5,300,000, with a gross margin of about 28.9%, down from a gross margin of 65.6% in the previous year[26]. - Other income for the year was approximately HKD 17,500,000, significantly higher than HKD 2,900,000 in the previous year, mainly due to a waiver of director remuneration of about HKD 14,200,000[26]. - The group’s engineering business revenue decreased by 18.9%, contributing approximately HKD 18,500,000 to total revenue[25]. - The group’s administrative expenses were approximately HKD 41,400,000, down from HKD 75,300,000 in the previous year, primarily due to reduced employee-related expenses[28]. Market Outlook and Growth - The outlook for 2022 anticipates a 15%-20% annual sales growth rate in the Chinese robotics market, driven by increased demand in various industries[47]. - The Chinese robot industry is expected to achieve an average annual growth rate of over 20% in operating revenue during the 14th Five-Year Plan period[49]. - The market size of China's intelligent robot industry is projected to reach RMB 83.9 billion in 2021, with the industrial robot market expected to reach RMB 44.57 billion, and to exceed RMB 58.9 billion by 2023[51]. - The investment and financing in the intelligent robot industry have surpassed USD 100 billion over the past decade, indicating strong capital interest in the sector[50]. - The anticipated additional growth contribution of the artificial intelligence market to global GDP is 14%, equivalent to USD 1.57 trillion[50]. Corporate Governance and Compliance - The company operates under various legal and regulatory frameworks in Hong Kong, China, and Canada, ensuring compliance with applicable laws[65]. - The company has established internal monitoring and approval processes to ensure compliance with regulations across different jurisdictions[65]. - The company is committed to compliance with applicable laws and regulations in China, which is crucial for expanding into the robotics product sector[73]. - The company has taken sufficient measures to ensure that its corporate governance practices are rigorous and not less than those set out in the corporate governance code[160]. - The company has adopted its own code of conduct for securities trading applicable to all directors and relevant employees[149]. Risk Management and Sustainability - The group has established risk management procedures integrated into daily operations, considering both internal and external factors[68]. - The company is committed to environmentally sustainable business practices, ensuring no significant environmental impact from its operations[64]. - The company has a dedicated environmental policy aimed at sustainable development[64]. - The company emphasizes the importance of effective risk management and internal controls to mitigate risks and protect shareholder investments[190]. - The company has implemented measures to ensure compliance with GEM listing rules and has taken steps to address any non-compliance issues[182]. Shareholder and Stakeholder Relations - The company maintains effective communication with shareholders, particularly through the Annual General Meeting and other shareholder meetings[200]. - The company is committed to continuous dialogue with shareholders to enhance investor relations[200]. - The company has established appropriate liability insurance arrangements for directors against legal actions arising from corporate activities[95]. - The company has a strong management team with extensive experience in finance and investment, enhancing its operational capabilities[57][60]. - The company has a diverse board of directors with expertise in various fields, contributing to effective governance[59][60].

Financial Performance - For the first quarter ended March 31, 2022, the company reported revenue of HKD 502,000, a decrease of 93.3% compared to HKD 7,414,000 in the same period last year[5]. - The cost of sales for the quarter was HKD 343,000, down from HKD 6,444,000, resulting in a gross profit of HKD 159,000[5]. - The operating loss for the quarter was HKD 8,765,000, an improvement from the operating loss of HKD 15,028,000 in the previous year[5]. - The loss before tax was HKD 11,420,000, compared to HKD 19,141,000 in the same quarter last year[5]. - The total comprehensive loss for the quarter was HKD 20,201,000, down from HKD 27,164,000 year-over-year[5]. - The loss attributable to owners of the company was HKD 11,479,000, compared to HKD 21,706,000 in the previous year[5]. - The basic and diluted loss per share for continuing operations was HKD 1.28, compared to HKD 2.42 in the same period last year[5]. - The company reported a foreign exchange loss of HKD 8,722,000 for the quarter, compared to a loss of HKD 5,458,000 in the previous year[5]. - The company reported a total comprehensive loss of HKD 27,164,000 for the three months ended March 31, 2022, compared to a loss of HKD 21,706,000 for the same period in 2021, representing an increase of approximately 25.5%[57]. - The loss attributable to owners of the company for the three months ended March 31, 2022, was HKD 56,945,000, compared to a loss of HKD 63,642,000 in the same period of 2021, indicating a decrease of about 10.5%[110]. Operational Changes - The company did not generate any revenue from its beauty business following the sale of that segment in 2021, reflecting a significant shift in operational focus[116]. - The company’s operating loss for the three months ended March 31, 2022, was primarily impacted by increased competition and challenges posed by the COVID-19 pandemic[116]. - The company has not made any significant investments during the three months ended March 31, 2022[124]. - The company has not conducted any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the three months ended March 31, 2022[125]. Equity and Shareholder Information - As of March 31, 2022, total equity attributable to owners was HKD 50,622,000, with accumulated losses of HKD 633,203,000[55]. - The company reported a total equity of HKD (145,692,000) as of March 31, 2022, compared to HKD (118,543,000) at the end of the previous period, reflecting a decline in equity[57]. - The company’s accumulated losses reached HKD (604,216,000) as of March 31, 2022, indicating ongoing financial challenges[57]. - The total number of issued shares as of March 31, 2022, is 506,219,666[142]. - Tai Dong holds 151,425,197 shares, representing 29.91% of the company's total shares[137]. - 港橋投资有限公司 owns 41,666,666 shares, accounting for 8.23% of the total shares[137]. - HKBridge Absolute Return Fund, L.P. has 64,148,063 shares, which is 12.67% of the total shares[137]. - On Top Global Limited possesses 24,397,946 shares, equating to 4.82% of the total shares[137]. - 康科控股 owns 130,212,675 shares, representing 25.72% of the total shares[137]. - KE10MA Holdings Inc. holds 29,286,971 shares, which is 5.79% of the total shares[137]. - Greater Harmony Limited has 30,000,000 shares, accounting for 5.93% of the total shares[137]. - The company has not repurchased any of its listed shares during the three months ending March 31, 2022[158]. - No significant competition interests were reported by directors or major shareholders as of March 31, 2022[157]. Corporate Governance - The audit committee consists of three independent non-executive directors, including Ms. Han Mai (Chair), Mr. Tan Bili, and Ms. Zhao Yang, and has reviewed the unaudited consolidated first-quarter results for the period ending March 31, 2022[159]. - The company has adhered to the corporate governance code as per GEM listing rules, ensuring high standards of corporate governance and compliance with legal and regulatory requirements[160]. - The roles of the chairman and CEO are clearly defined and separated, with Mr. Su Zhi Tuan serving as the chairman, while the search for a suitable CEO is ongoing[162]. Market Outlook - The Chinese robot market is expected to grow at an annual sales growth rate of approximately 15%-20%, with localization rates steadily increasing, projected to exceed 41% in 2022[127]. - The robot industry has received strategic attention at the national level in China, with an expected average annual growth rate of over 20% in operating income during the 14th Five-Year Plan period[127]. - The Chinese intelligent robotics market is projected to reach RMB 83.9 billion in 2021, with the industrial robotics market expected to reach RMB 44.57 billion[129]. - By 2023, the industrial robotics market in China is anticipated to exceed RMB 58.9 billion, representing over $10 billion[129]. - The global GDP is expected to gain an additional 14% growth from the artificial intelligence market, equivalent to $1.57 trillion[129]. - The demand for industrial robots in China remains strong due to the increasing need for intelligent transformation in manufacturing[129]. - The company acknowledges potential market risks due to macroeconomic influences and industry cycle changes affecting product pricing and supply-demand dynamics[131]. Innovation and Development - The company emphasizes the need for innovation-driven development, focusing on enhancing performance, quality, and safety levels of robotics products[129]. - The company is committed to advancing high-end and intelligent product development through the integration of mobile internet, cloud computing, big data, and IoT technologies[129]. - The robotics industry faces challenges from irrational investment activities leading to intensified competition and resource wastage[129]. - The company calls for all market participants to actively assume market responsibilities amid the rapid growth of the robotics market[129].

Financial Performance - For the three months ended September 30, 2021, the company reported revenue of HKD 3,293,000, a decrease from HKD 6,991,000 in the same period of 2020, representing a decline of approximately 52.8%[5] - The gross profit for the three months ended September 30, 2021, was HKD 1,185,000, down from HKD 2,788,000 in the same period of 2020, reflecting a decrease of about 57.5%[5] - The operating loss for the three months ended September 30, 2021, was HKD 13,038,000, compared to a loss of HKD 14,590,000 in the same period of 2020, indicating an improvement of approximately 10.7%[5] - The total comprehensive loss for the three months ended September 30, 2021, was HKD 24,154,000, compared to HKD 18,957,000 in the same period of 2020, representing an increase of about 27.3%[8] - For the nine months ended September 30, 2021, the company reported a total revenue of HKD 13,636,000, down from HKD 19,457,000 in the same period of 2020, a decline of approximately 30.0%[5] - The net loss attributable to the owners of the company for the nine months ended September 30, 2021, was HKD 56,945,000, compared to HKD 63,642,000 in the same period of 2020, showing a decrease of about 10.6%[8] - The total comprehensive loss for the nine months ended September 30, 2021, was HKD 79,708,000, compared to HKD 78,423,000 in the same period of 2020, reflecting a marginal increase of about 1.6%[8] - For the nine months ended September 30, 2021, the company reported a loss of HKD 56,945,000, compared to a loss of HKD 76,889,000 for the same period in 2020, representing a 25.9% improvement[13] Operational Changes - The company terminated its beauty business effective June 30, 2021, and the results of this segment have been classified as discontinued operations[16] - The company’s operational strategy includes focusing on engineering products and related services, following the cessation of its beauty business[16] Costs and Expenses - The company incurred financing costs of HKD 5,536,000 for the three months ended September 30, 2021, significantly higher than HKD 1,600,000 in the same period of 2020, an increase of approximately 245.0%[5] - Selling and distribution costs for the nine months ended September 30, 2021, were approximately HKD 5,100,000, a decrease of about 18.8% compared to HKD 6,300,000 in 2020[35] - Administrative expenses for the nine months ended September 30, 2021, were approximately HKD 40,300,000, down about 40.5% from HKD 67,700,000 in 2020[35] Shareholder Information - Major shareholders include Tai Dong New Energy Limited, holding 151,425,197 shares, representing 29.91% of the company[51] - Greater Harmony Limited holds a beneficial ownership of 30,000,000 shares, representing 5.93% of the total equity[56] - Tai Dong has an interest in 151,425,197 shares, fully owned by Mr. Su Zhi Tuan, indicating significant control over the company[57] - HKBridge Absolute, through its general partner, holds 64,148,063 shares, which is also indirectly owned by Rongke Holdings[58] - On Top Global owns 24,397,946 shares, as it is a wholly-owned subsidiary of Hong Kong Bridge High-Tech Investment Fund L.P.[59] - KE10MA Holdings has an interest in 29,286,971 shares, with ownership split between Dr. Andrew Avi Goldenberg and Ms. Aviva C Goldenberg[59] - As of September 30, 2021, the total issued shares of the company were 506,219,666[60] - The company has not repurchased any of its listed shares during the nine months ending September 30, 2021[69] Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated third-quarter results for the nine months ending September 30, 2021[70] - The company has adhered to the corporate governance code as per GEM listing rules Appendix 15 throughout the nine months ending September 30, 2021[72] - The role of the Chairman and CEO is clearly defined and not held by the same individual, with Mr. Su Zhitun serving as Chairman[72] - The company is currently seeking a suitable candidate for the CEO position to comply with corporate governance standards[72] - Non-executive directors are appointed for a term of three years and are subject to re-election, ensuring rigorous governance practices[73] - The board consists of two executive directors, one non-executive director, and three independent non-executive directors as of the report date[73] Market Insights - The budget allocated for the "Internet+" action plan related to artificial intelligence is estimated at RMB 560 million[43] - The domestic intelligent robot market size reached RMB 53.59 billion in 2018, increasing by 14.4% year-on-year, and RMB 58.87 billion in 2019, with a year-on-year growth of 9.8%[43] - The expected market size for domestic robots is projected to reach RMB 81.3 billion in 2021, with a compound annual growth rate (CAGR) of 15.8% from 2021 to 2025, potentially reaching RMB 146.3 billion by 2025[43] - The integration of artificial intelligence in manufacturing is expected to achieve a CAGR of 39.7% from 2019 to 2027, with a projected market size of USD 27 billion by 2027[45] - The company anticipates that the advancement and application of robots will accelerate the commercial implementation process, particularly in sectors like finance, retail, and education[44] - The company’s AI service robots are expected to have a vast market and continue to expand in scale[44] - The government has continuously supported artificial intelligence for three years, emphasizing the development and application of big data and AI to assist in manufacturing transformation[45] - The company plans to integrate new technologies to diversify its robot products, enhancing usability and expanding into broader consumer markets[47] Losses and Impairments - The company recorded a goodwill impairment loss of approximately HKD 18,300,000 related to the termination of the beauty business[35] - The company reported a foreign exchange loss of HKD 5,367,000 for the three months ended September 30, 2021, compared to a loss of HKD 1,535,000 in the same period of 2020, indicating a deterioration of approximately 249.0%[8] - The company reported a foreign exchange gain of HKD 2,446,000 during the period, contributing positively to the overall financial results[13] - The company’s accumulated losses increased to HKD 646,654,000 as of September 30, 2021, from HKD 589,709,000 at the beginning of the year[13] - The loss attributable to shareholders for the nine months ended September 30, 2021, was approximately HKD 73,500,000, slightly reduced from HKD 73,900,000 in 2020[35]

Financial Performance - The company's revenue for the six months ended June 30, 2021, was HKD 12,466,000, an increase of 20.0% compared to HKD 10,384,000 for the same period in 2020[5] - Gross profit for the six months ended June 30, 2021, was HKD 1,275,000, a decrease of 38.7% from HKD 2,082,000 in the previous year[5] - The operating loss for the six months ended June 30, 2021, was HKD 51,266,000, compared to a loss of HKD 6,410,000 for the same period in 2020, indicating a significant increase in losses[5] - The net loss attributable to the owners of the company for the six months ended June 30, 2021, was HKD 45,055,000, compared to HKD 51,179,000 in the same period of 2020[5] - The company reported a total comprehensive loss of HKD 55,612,000 for the six months ended June 30, 2021, compared to HKD 59,465,000 for the same period in 2020[5] - The basic and diluted loss per share for continuing operations was HKD 0.0841 for the six months ended June 30, 2021, compared to HKD 0.1036 for the same period in 2020[66] - The company reported a net cash outflow from operating activities of HKD (22,342) million for the six months ended June 30, 2021[82] - The company reported a total revenue of HKD 24,349,000 for the six months ended June 30, 2021, with a loss before tax of HKD 58,100,000[117] - The company incurred a loss of HKD 58,100,000 for the period, reflecting a significant decline compared to the previous period's loss of HKD 55,068,000[117][125] Assets and Liabilities - Total assets decreased from HKD 141,237 million in December 2020 to HKD 61,850 million in June 2021, representing a decline of approximately 56.3%[68] - Cash and cash equivalents dropped significantly from HKD 57,966 million in December 2020 to HKD 29,209 million in June 2021, a decrease of about 49.5%[68] - Total liabilities decreased from HKD 259,780 million in December 2020 to HKD 235,929 million in June 2021, a reduction of approximately 9.2%[70] - Trade payables increased from HKD 1,521 million in December 2020 to HKD 4,309 million in June 2021, an increase of about 184.5%[70] - The total equity attributable to owners decreased from HKD 118,543 million in December 2020 to HKD 174,079 million in June 2021, reflecting a decline of approximately 47.0%[72] - The company’s total assets decreased from HKD 141,237,000 as of June 30, 2020, to HKD 61,850,000 as of June 30, 2021[125] Operational Changes - The company experienced a significant increase in administrative expenses, totaling HKD 50,088,000 for the six months ended June 30, 2021, compared to HKD 26,933,000 in the previous year[5] - The company reported a significant impairment loss of HKD 18,266,000 related to goodwill during the period[123] - The company has terminated its beauty business operations, which has been reclassified as discontinued operations in the financial statements[112] - The engineering products segment generated revenue of HKD 10,343,000, while the beauty products segment, which has been discontinued, contributed HKD 768,000[117] - The company incurred a goodwill impairment loss of approximately HKD 18,600,000 related to the terminated beauty business[173] Revenue Breakdown - Revenue from continuing operations in mainland China and Canada decreased to HKD 10,343,000 for the six months ended June 30, 2021, down from HKD 12,466,000 in the same period of 2020, representing a decline of approximately 17.0%[128] - Revenue from discontinued operations in Hong Kong was HKD 14,005,000 for the six months ended June 30, 2021, compared to HKD 18,784,000 in the same period of 2020, indicating a decrease of about 25.0%[128] - Engineering business revenue decreased by approximately 17.0% to about HKD 10,300,000, contributing to the total revenue[168] Shareholder Information - As of June 30, 2021, the group had a total of 506,219,666 shares issued, with a significant shareholder holding 29.91% of the shares[193][195] - Tai Dong holds a beneficial interest of 151,425,197 shares, representing approximately 29.91% of the company's total shares[198] - 港橋投资有限公司 (HK Bridge) has a beneficial interest of 41,666,666 shares, accounting for about 8.23% of the total shares[198] - HK Bridge Absolute Return Fund, L.P. owns 64,148,063 shares, which is approximately 12.67% of the total shares[198] - On Top Global Limited possesses 24,397,946 shares, representing around 4.82% of the total shares[198] - 麗科控股集團有限公司 (啟科控股) controls 130,212,675 shares, equating to about 25.72% of the total shares[198] - KE10MA Holdings Inc. has a beneficial interest of 29,286,971 shares, which is approximately 5.79% of the total shares[198] - Greater Harmony Limited holds 30,000,000 shares, representing about 5.93% of the total shares[200] - 高振順 also has a controlled interest in 30,000,000 shares, accounting for approximately 5.93% of the total shares[200] Employee and Operational Costs - As of June 30, 2021, the group employed 88 staff members, with total employee costs amounting to approximately HKD 16,800,000, a decrease from HKD 25,200,000 for the same period in 2020[184] - Administrative expenses decreased by approximately 46.2% to about HKD 26,900,000, primarily due to reduced R&D and employee costs[172] Market Outlook - The Chinese robot market is projected to reach RMB 81.3 billion in 2021, with a compound annual growth rate (CAGR) of 15.8% expected from 2021 to 2025, potentially reaching RMB 146.3 billion by 2025[188] - The government has allocated an estimated budget of RMB 560 million to support the development of artificial intelligence as a strategic emerging industry[187] - The integration of artificial intelligence in manufacturing is expected to achieve a CAGR of 39.7% from 2019 to 2027, with a market size projected to reach USD 27 billion by 2027[190] - The group anticipates that advancements in robotics and their applications will accelerate the commercial rollout of AI service robots, which are expected to have a broad market[189] - The group plans to continue integrating new technologies to diversify its robot products, enhancing usability and expanding into broader consumer markets[191]

Financial Performance - Revenue for the first quarter ended March 31, 2021, was HKD 11,931,000, a decrease of 9.7% from HKD 13,207,000 in the same period of 2020[5] - Gross profit for the first quarter was HKD 949,000, down 82.5% from HKD 5,420,000 year-on-year[6] - Operating loss for the first quarter was HKD 17,285,000, an improvement from a loss of HKD 20,721,000 in the previous year[7] - Loss before tax for the first quarter was HKD 21,426,000, compared to HKD 23,017,000 in the same period last year[8] - Total comprehensive loss for the first quarter was HKD 27,164,000, compared to HKD 23,300,000 in the previous year[11] - The company reported a basic and diluted loss per share of HKD 2.93, an improvement from HKD 4.55 in the same period of 2020[12] Revenue Breakdown - Revenue from engineering products and related services increased to HKD 7,415,000, up 102.1% from HKD 3,664,000 in the previous year[17] - Revenue from beauty treatment services decreased significantly to HKD 4,160,000, down 54.8% from HKD 9,200,000 year-on-year[17] - Revenue from beauty product sales increased by 3.8% to approximately HKD 400,000, while revenue from treatment services decreased by 54.8% to approximately HKD 4,100,000[32] - Revenue from engineering business, primarily from robot product sales, increased by 102.4% to approximately HKD 7,400,000, contributing significantly to total revenue[33] Other Income and Expenses - Other income for the first quarter was HKD 1,129,000, an increase of 19.8% from HKD 942,000 in the same period of 2020[19] - Administrative expenses were approximately HKD 16,900,000, a decrease of about 28.4% from HKD 24,400,000 in the previous year, primarily due to reduced R&D and employee costs[36] - Other income was approximately HKD 1,100,000, mainly consisting of government subsidies received during the period[34] Corporate Actions and Governance - The company did not recommend any dividend for the first quarter, consistent with the previous year[21] - The company has no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period[37] - The company has adopted a new share option scheme to replace the previous one established in 2002[74] - No purchases, sales, or redemptions of the company's listed securities occurred during the three months ending March 31, 2021[76] - The audit committee consists of three independent non-executive directors, including Mr. Zhu Jianhong (Chairman), Mr. Tan Bili, and Dr. Wang Dangxiao, who reviewed the unaudited consolidated first-quarter results for the period ending March 31, 2021[77] - The board emphasizes the importance of corporate governance for the company's success and has implemented measures to ensure compliance with laws and regulations, maintaining high standards of integrity and transparency[78] - As of the report date, the board includes two executive directors, Mr. Su Zhitun (Chairman) and Mr. Sun Ziqiang (Vice Chairman), one non-executive director, Mr. Fan Yu, and three independent non-executive directors[79] Market Outlook and Strategy - The domestic robot market is expected to reach RMB 81,300,000,000 in 2021, with a projected compound annual growth rate of 15.8% from 2021 to 2025[40] - The company anticipates that advancements in robotics and their applications will accelerate commercial implementation, with a broad market for AI service robots[41] - The company plans to continue optimizing its pandemic-related service robots to support users during the ongoing pandemic[41] - The compound annual growth rate (CAGR) for artificial intelligence technology in the manufacturing sector is projected to reach 39.7% from 2019 to 2027, with an expected market size of $27 billion by 2027[42] - The company plans to diversify its robot products and enhance their usability, aiming to penetrate a broader consumer market[43] - The strategic development vision of the company has become clearer, focusing on the deep integration of AI technology and manufacturing[42] - The rapid development of the robotics industry is being supported by a series of government policies promoting the production and application of next-generation robots[43] - The company anticipates ongoing challenges in its beauty business due to the impact of the public health crisis on economic activities in Hong Kong[43] Shareholding Structure - The net proceeds from the issuance of 21 million shares in August 2017 amounted to HKD 130 million, with the remaining balance expected to be utilized by December 31, 2022[46] - As of March 31, 2021, the company had no significant contingent liabilities[44] - Tai Dong holds 151,425,197 shares, representing 29.91% of the company's total shares[54] - 港橋投資有限公司 owns 41,666,666 shares, accounting for 8.23% of the total shares[54] - HKBridge Absolute Return Fund, L.P. has 64,148,063 shares, which is 12.67% of the total shares[54] - 融科控股集團有限公司 controls 130,212,675 shares, equating to 25.72% of the total shares[54] - KE10MA Holdings Inc. owns 29,286,971 shares, representing 5.79% of the total shares[54] - Greater Harmony Limited holds 30,000,000 shares, which is 5.93% of the total shares[54] - The total number of issued shares as of March 31, 2021, is 506,219,666[60] - No other individuals or corporations have recorded interests in the company's shares as of March 31, 2021[60]

Financial Performance - The company reported a significant decline in revenue from beauty products and treatment services, with sales dropping approximately 48.1% to around HKD 1,300,000 and treatment services decreasing by 38.1% to about HKD 31,000,000 for the year ending December 31, 2020[21]. - The engineering business revenue contributed approximately HKD 22,800,000, reflecting a decrease of 36.2% in total revenue during the fiscal year 2020[21]. - The group recorded a revenue of approximately HKD 55,000,000 for the year, a decrease from HKD 88,200,000 in the previous fiscal year, with contributions from beauty products at HKD 1,300,000, treatment services at HKD 30,900,000, and engineering business at HKD 22,800,000[22]. - The overall gross loss for the year was approximately HKD 3,700,000, with a gross loss margin of 6.6%, compared to a gross profit margin of 25.7% in the previous year[23]. - The group reported a net loss of approximately HKD 131,900,000 for the year, compared to a loss of HKD 164,300,000 in the previous fiscal year, with losses from beauty business at HKD 1,400,000 and engineering business at HKD 89,200,000[29]. Market Challenges - The company faced significant challenges in 2020 due to the COVID-19 pandemic, leading to a decline in sales of beauty products and services[11]. - The global economic downturn and uncertainties in pandemic control have prompted companies to adopt strategic measures and explore post-pandemic development paths[13]. - The beauty business is expected to face ongoing challenges due to the significant impact of the public health crisis on economic activities in Hong Kong, particularly in consumer-driven and tourism-related sectors[50]. Robotics and Engineering - The engineering segment focuses on the development, design, production, and sales of intelligent robots and systems, covering various fields including police, commercial, civil, industrial, and medical applications[12]. - The company has nearly 40 years of experience in the robotics industry and aims to promote the popularization of robot products based on independent intellectual property rights and core technologies in China[12]. - New product launches include self-branded robots, patrol robots, special robots, inspection robots, and delivery robots, aimed at various applications in smart communities and other fields[13]. - The company launched smart patrol robots in January 2020, collaborating with multiple enterprises to enhance safety and implement a new concept of "smart tourism" in Xi'an, Shaanxi Province[15]. - The company’s 5G smart epidemic prevention robots were deployed in various hospitals and public areas, effectively managing crowds and monitoring temperatures to reduce the risk of virus transmission[17]. Strategic Initiatives - The company is committed to exploring the deep value of artificial intelligence and integrating advanced technologies such as multi-sensor systems, navigation technology, and high-speed communication[13]. - The company emphasizes the importance of intelligent services and creating a smart future through its innovative solutions[13]. - The company is actively responding to government measures and adapting its marketing strategies to cope with the crisis[11]. - The company is actively monitoring global and Chinese macroeconomic factors and plans to diversify products and expand into different regions to respond to economic fluctuations[72]. Corporate Governance - The company has not declared any final dividend for the fiscal year ending December 31, 2020, consistent with the previous fiscal year[82]. - The company has established appropriate insurance arrangements to cover directors against legal actions arising from corporate activities[95]. - The company has adopted a code of conduct for securities trading that is stricter than the GEM listing rules[150]. - The company has established a nomination committee to oversee the appointment and re-election of directors, ensuring compliance with corporate governance standards[158]. - The company has not appointed a CEO as of December 31, 2020, and is actively seeking a suitable candidate to comply with corporate governance codes[164]. Shareholder Information - As of December 31, 2020, the company had a total of 506,219,666 shares issued, with Mr. Su Zhi Tuan holding 151,425,197 shares, representing 29.91% ownership[97]. - The total number of issued shares as of December 31, 2020, is 506,219,666[114]. - The company has not entered into any significant contracts that would involve the directors or their related entities during the review period[102]. - The company has not purchased, sold, or redeemed any of its listed securities during the review year[140]. Employee and Operational Insights - The total employee cost for the year ended December 31, 2020, was approximately HKD 65,100,000, a decrease from HKD 74,600,000 for the year ended December 31, 2019, with 134 employees as of December 31, 2020, down from 228 employees[40]. - The employee compensation policy is based on job responsibilities, performance, experience, and industry standards[103]. - The company has been adjusting its business strategies in response to increased competition and market changes[78]. Risk Management - The company emphasizes the importance of effective risk management and internal controls to mitigate risks faced by the group[183]. - The internal audit function has been established, with a senior executive reporting directly to the audit committee[184]. - The company is actively monitoring changes in applicable laws and regulations to ensure compliance, including hiring external consultants and conducting regular audits[75].

超人智能控股有限公司 （前稱超人智能有限公司） （於開曼群島註冊成立並於百慕達存續之有限公司） （股份代號：8176） 第三季度報告 截至二零二零年九月三十日止 九個月 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位，乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小型公司提供一 個上市之市場。有意投資之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上市公司一般為中小型公司，在GEM買賣之證券可能會較在主板買賣之證券承受 較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 本報告乃遵照GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關超人智能控股有 限公司（「本公司」，連同其附屬公司統稱為「本集團」）之資料。本公司董事（「董事」及各自為 一名「董事」）願就本報告共同及個別地承擔全部責任。董事在作出一切合理查詢後確認，就 彼等所深知及確信，本報告所載資料在各重要方面均屬準確及完備，沒有誤導或欺詐成份， 且並無遺漏其他事項，足以令致本報告或其所載任何陳述產生誤導。 本報告載列本公司之二零二零年第三季度報告全文，並符合GE ...

Financial Performance - For the six months ended June 30, 2020, the revenue was HKD 31,250,000, a decrease of 11.5% compared to HKD 35,600,000 for the same period in 2019[5]. - The gross profit for the six months was HKD 10,024,000, down 43.5% from HKD 17,677,000 in the previous year[5]. - The operating loss for the six months was HKD 47,119,000, compared to a loss of HKD 49,799,000 in the same period of 2019, indicating a slight improvement[5]. - The net loss attributable to owners for the six months was HKD 55,068,000, compared to HKD 52,038,000 in the previous year, reflecting a 5.8% increase in losses[7]. - The company reported a total comprehensive loss of HKD 55,068,000 for the six months ended June 30, 2020, compared to a loss of HKD 51,179,000 in the previous period[13]. - The basic and diluted loss per share for the six months was HKD 10.88, compared to HKD 10.97 for the same period in 2019[7]. - The company recorded a loss attributable to owners of approximately HKD 51,200,000 for the six months ended June 30, 2020, compared to a loss of about HKD 55,500,000 in 2019[74]. Assets and Liabilities - Total assets decreased to HKD 184,457,000 as of June 30, 2020, down from HKD 206,256,000 at the end of 2019[10]. - Current liabilities increased to HKD 110,238,000 from HKD 100,145,000 at the end of 2019, indicating a rise in short-term financial obligations[11]. - The company’s total equity was negative at HKD 26,689,000 as of June 30, 2020, compared to positive equity of HKD 27,018,000 at the end of 2019[11]. - The total liabilities of the company as of June 30, 2020, were HKD 211,146,000, with allocated liabilities from operating segments amounting to HKD 171,202,000[37]. - The total borrowings of the group as of June 30, 2020, were approximately HKD 76.4 million, an increase from HKD 55.9 million as of December 31, 2019[78]. Cash Flow - The company reported cash and cash equivalents of HKD 26,827,000, down from HKD 32,708,000 at the end of 2019[10]. - The net cash used in operating activities was HKD 26,411,000 for the six months ended June 30, 2020, an improvement from HKD 30,149,000 in the same period last year[18]. - The company generated net cash from financing activities amounting to HKD 24,940,000, slightly up from HKD 24,487,000 in the previous year[20]. - The cash and cash equivalents at the end of the period were HKD 26,827,000, down from HKD 27,717,000 at the end of the previous year[27]. Revenue Breakdown - Revenue from the sale of beauty products was HKD 18,186,000, while revenue from providing treatment services was HKD 12,466,000 for the six months ended June 30, 2020[34]. - Revenue from beauty product sales decreased by approximately 58.9% to about HKD 600,000, while revenue from treatment services decreased by approximately 33.3% to about HKD 18,200,000[71]. - Revenue from engineering business increased by approximately 80.9% to contribute about HKD 12,500,000 to total revenue, compared to HKD 6,900,000 in the same period of 2019[71]. Market and Strategic Outlook - The company anticipates that the 5G commercial era will significantly boost the service robot market in China, which is expected to become the largest market for service robots[90]. - The domestic service robot market share is currently less than 30%, indicating significant market potential for growth[91]. - The company anticipates that the aging population and rising labor costs will continue to release market potential for service robots in the future[91]. - The board expects challenges for the beauty business due to the severe economic conditions and social conflicts in Hong Kong[93]. - The company is preparing for potential risks due to the global economic downturn and uncertainties caused by the pandemic[92]. - The global supply chain risks have increased due to pandemic-related production halts and delays, affecting consumption, investment, and trade[93]. Corporate Governance and Shareholding - The company has adhered to the corporate governance code as per GEM listing rules during the mid-year period[122]. - The company holds 151,425,197 shares, representing approximately 29.91% of total shares issued as of June 30, 2020[94][96]. - The company’s major shareholders include Tai Dong with 29.91% and HKBridge Absolute Return Fund with 12.67% of shares[99]. - Tai Dong holds equity in 151,425,197 shares of the company, fully owned by Mr. Su Zhi Tuan[102]. - The total number of issued shares as of June 30, 2020, is 506,219,666[106]. - The Audit Committee, consisting of three independent non-executive directors, reviewed the group's unaudited interim results for the six months ending June 30, 2020[121].