Financial Performance - For the nine months ended September 30, 2022, the Group reported revenue of HK$31,737,000, a decrease of 27.3% compared to HK$43,650,000 for the same period in 2021[9]. - Gross profit for the nine months ended September 30, 2022, was HK$23,063,000, down 14.7% from HK$27,029,000 in the previous year[9]. - Profit before taxation for the nine months ended September 30, 2022, was HK$12,216,000, representing a decline of 27.5% from HK$16,804,000 in 2021[12]. - The earnings per share for the nine months ended September 30, 2022, was 2.50 HK cents, down from 3.84 HK cents in the same period of 2021, reflecting a decrease of 34.9%[12]. - The total comprehensive income for the period attributable to owners of the Company was HK$12,476,000 for the nine months ended September 30, 2022, compared to HK$16,584,000 in 2021, a decrease of 24.5%[12]. - Operating expenses for the nine months ended September 30, 2022, increased to HK$9,340,000 from HK$8,569,000 in the previous year, marking a rise of 9%[9]. - The Group's accumulated losses as of September 30, 2022, were HK$84,126,000, compared to HK$96,602,000 at the beginning of the year, indicating a reduction in losses[14]. - The total comprehensive income for the period was HK$12,216,000, which includes a profit of HK$12,476,000 attributable to the owners of the Company[14]. - Publications and advertising income for the nine months ended September 30, 2022 was HK$11,986,000, down 46.6% from HK$22,417,000 in the previous year[32]. - Outdoor advertising income for the nine months ended September 30, 2022 was HK$18,876,000, a slight decrease of 2.4% compared to HK$19,335,000 for the same period in 2021[32]. - The Group's revenue from the provision of exhibition and trade show services for the nine months ended September 30, 2022 was HK$875,000, down 53.9% from HK$1,898,000 in the previous year[32]. - Cost of sales decreased from approximately HK$16,621,000 for the nine months ended September 30, 2021 to approximately HK$8,674,000 for the nine months ended September 30, 2022[55]. Shareholder Information - As of September 30, 2022, Mr. Lui Man Wah holds an interest of 320,023,300 shares, representing approximately 61.73% of the issued share capital of the Company[73]. - The total number of shares issued by the Company as of September 30, 2022, is 518,400,000[73]. - Source Creation International Limited, wholly owned by Mr. Lui Man Wah, is the beneficial owner of the same 320,023,300 shares[76]. - During the nine months ended September 30, 2022, the Company did not purchase, sell, or redeem any of its listed securities[81]. - The Company has a Share Option Scheme that was adopted on February 16, 2015, which will expire on February 16, 2025[80]. - All share options granted under the Share Option Scheme have been cancelled since October 16, 2019[80]. - No other substantial shareholders were identified with interests or short positions in the shares of the Company as of September 30, 2022[77]. Compliance and Governance - The Audit Committee, comprising independent non-executive Directors, has reviewed the unaudited condensed consolidated financial results for the nine months ended September 30, 2022[89]. - There are no known competing businesses or conflicts of interest involving the Directors or controlling shareholders as of September 30, 2022[82]. - The compliance adviser, Lego Corporate Finance Limited, has no interest in the share capital of the Company as of September 30, 2022[83]. - The audit committee has been established in accordance with GEM listing rules, consisting of independent non-executive directors[91]. - The unaudited consolidated financial performance for the nine months ended September 30, 2022, has not been reviewed by the company's auditors[92]. - The board of directors includes executive and independent non-executive directors, ensuring a diverse governance structure[93]. Market Conditions and Challenges - The company anticipates facing challenges from the ongoing COVID-19 pandemic and will consider tightening control over operating costs to mitigate its impact[50]. - The prolonged COVID-19 pandemic has resulted in ongoing travel restrictions and lockdowns in the Guangdong-Hong Kong-Macau Greater Bay Area, affecting the company's major customers[49]. - The decrease in revenue and gross profit was mainly attributed to a slowdown in the publications and advertising business due to the new wave of COVID-19 infections[54]. - The company remains cautiously optimistic about its business despite the challenges posed by the pandemic[53]. - The Group's income tax expenses for the nine months ended September 30, 2022 were nil, as there were no assessable profits in Hong Kong[34]. Accounting Standards - The Group adopted new and revised HKFRSs for the first time, which did not have any significant effect on the results and financial position for the current and prior accounting periods[28]. - The Group has not early adopted any new and amendments to HKFRSs that have been issued but are not yet effective for the current period, anticipating no material impact on future consolidated financial statements[29]. - The Group's financial results have been prepared in accordance with HKFRSs and the GEM Listing Rules, under the historical cost basis[19]. - The Group's financial results are presented in Hong Kong dollars (HK$) for the nine months ended September 30, 2022[17].

Financial Performance - Revenue for the six months ended June 30, 2022, was HK$19,404,000, a decrease of 22.2% compared to HK$24,960,000 for the same period in 2021[10] - Gross profit for the six months ended June 30, 2022, was HK$13,063,000, down 11.5% from HK$14,763,000 in the previous year[10] - Profit before taxation for the six months ended June 30, 2022, was HK$5,415,000, representing a decline of 27.8% from HK$7,500,000 in 2021[10] - Profit attributable to owners of the Company for the six months ended June 30, 2022, was HK$5,613,000, down 22.8% from HK$7,269,000 in the same period last year[11] - Basic and diluted earnings per share for the six months ended June 30, 2022, were 1.15 HK cents, compared to 1.68 HK cents for the same period in 2021[11] - Total comprehensive income for the period was HK$4,167,000, down 28.7% from HK$5,851,000 in the previous year[11] - Revenue for the three months ended June 30, 2022, was HK$11,011,000, a decrease of 23.8% compared to HK$14,318,000 for the same period in 2021[38] - Total revenue decreased from approximately HK$24,960,000 for the six months ended June 30, 2021, to approximately HK$19,404,000 for the six months ended June 30, 2022, a decline of about 22.5%[77] - Gross profit decreased from approximately HK$14,763,000 to approximately HK$13,063,000, representing a decline of about 11.5%[80] - Profit attributable to owners of the Company decreased from approximately HK$7,269,000 to approximately HK$5,613,000, a decline of about 22.8%[83] Assets and Liabilities - Current assets increased to HK$47,840,000 as of June 30, 2022, from HK$35,609,000 at the end of 2021, reflecting a growth of 34.2%[14] - Non-current assets decreased slightly to HK$13,806,000 as of June 30, 2022, from HK$14,170,000 at the end of 2021[14] - As of June 30, 2022, net current assets improved to HK$13,305, compared to a net liability of HK$250 as of December 31, 2021[15] - Total assets less current liabilities increased to HK$27,111, up from HK$13,920 at the end of 2021, indicating a significant improvement in financial position[15] - Trade receivables aged over 90 days increased significantly from HK$6,819,000 as of 31 December 2021 to HK$20,624,000 as of 30 June 2022[58] - Total trade payables increased from HK$9,474,000 as of 31 December 2021 to HK$12,840,000 as of 30 June 2022, with over 90 days payables rising from HK$4,981,000 to HK$9,916,000[62] Cash Flow and Financing - The company reported a net cash used in operating activities of HK$9,321 for the six months ended June 30, 2022, a decline from net cash generated of HK$9,463 in the same period of 2021[20] - Cash and cash equivalents decreased to HK$6,454 as of June 30, 2022, down from HK$10,489 a year earlier, indicating liquidity challenges[23] - The company raised HK$7,776 from the issuance of new shares during the period, contributing to its capital base[20] - The net cash generated from financing activities was HK$4,726, compared to a net cash used of HK$570 in the previous year, reflecting improved financing conditions[20] Operating Expenses - Operating expenses for the six months ended June 30, 2022, increased to HK$6,627,000, up 16.5% from HK$5,692,000 in 2021[10] - Employee headcount decreased from approximately 27 to approximately 20, while staff costs increased from approximately HK$3,467,000 to approximately HK$4,086,000[104] Corporate Governance and Compliance - The company has complied with the Corporate Governance Code for the reporting period, except for Code Provision A.2.1, which states that the roles of chairman and CEO should be separated[151] - The company has no CEO currently, and decisions are made by the executive director and overseen by the Board[152] - The company will continue to review its corporate governance practices to enhance standards and meet regulatory requirements[156] - All directors confirmed compliance with the required standard of dealings and the code of conduct regarding securities transactions during the six months ended June 30, 2022[146] Market Conditions and Risks - The Group's major business activities include sales and distribution of publications, advertising spaces, and organizing exhibitions, which have been impacted by COVID-19 restrictions[68] - The Group anticipates challenges from ongoing COVID-19 variants and will tighten control over operating costs to mitigate impacts[71] - The prolonged COVID-19 pandemic has resulted in ongoing travel restrictions and lockdowns affecting the Guangdong-Hong Kong-Macau Greater Bay Area[69] - The Group remains cautiously optimistic about its business despite the uncertainties posed by the pandemic[73] Share Capital and Equity - Share capital rose to HK$10,368, an increase from HK$8,640 as of December 31, 2021, reflecting new share issuance[18] - Reserves increased substantially to HK$17,030 from HK$5,369, indicating a strong retention of earnings[15] - The total equity of the company reached HK$27,111, compared to HK$13,920 at the end of 2021, showing a robust growth in shareholder value[15] - As of June 30, 2022, the Company had 518,400,000 shares in issue, with Mr. Lui Man Wah holding 320,023,300 shares, representing 61.73% of the total shareholding[130] Dividends - No dividend has been paid or proposed for the six months ended June 30, 2022, consistent with the same period in 2021[49] - The Board has recommended not to declare an interim dividend for the six months ended June 30, 2022, to retain more cash for operational needs and future development[113] Financial Standards and Reporting - The Group does not expect any significant impact from the adoption of new and revised Hong Kong Financial Reporting Standards in the foreseeable future[36] - The Group has not early adopted any new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective[36] - The Audit Committee has reviewed the unaudited condensed consolidated financial results for the six months ended June 30, 2022, prior to recommending them to the Board for approval[160]

Financial Performance - Revenue for the three months ended March 31, 2022, was HK$8,393,000, a decrease of 21.2% compared to HK$10,642,000 for the same period in 2021[9] - Gross profit for the same period was HK$5,138,000, representing a gross margin of 61.2%, compared to HK$4,861,000 in 2021[9] - Operating expenses increased to HK$3,241,000, up 19.5% from HK$2,711,000 in the previous year[9] - Profit before tax for the period was HK$1,248,000, down 24.3% from HK$1,649,000 in 2021[9] - Profit attributable to owners of the Company was HK$1,373,000, a decrease of 23.5% compared to HK$1,796,000 in the same period last year[10] - Basic and diluted earnings per share decreased to HK$0.26 from HK$0.42, reflecting a decline of 38.1%[10] - Total revenue decreased by approximately HK$2,249,000 from approximately HK$10,642,000 for the three months ended March 31, 2021, to approximately HK$8,393,000 for the three months ended March 31, 2022, primarily due to the slowdown in the publications and advertising business caused by COVID-19[46] - Cost of sales decreased from approximately HK$5,781,000 for the three months ended March 31, 2021, to approximately HK$3,255,000 for the three months ended March 31, 2022, in line with the decrease in revenue[47] - Gross profit increased from approximately HK$4,861,000 for the three months ended March 31, 2021, to approximately HK$5,138,000 for the three months ended March 31, 2022, due to a greater decrease in cost of sales compared to revenue[52] - Operating expenses increased by approximately HK$530,000 from approximately HK$2,711,000 for the three months ended March 31, 2021, to approximately HK$3,241,000 for the three months ended March 31, 2022, mainly due to increased legal and professional expenses[53] - Finance costs amounted to approximately HK$649,000 and HK$501,000 for the three months ended March 31, 2022, and 2021, respectively, primarily consisting of interest payable to an independent third party borrower and a shareholder[54] Equity and Shares - As of March 31, 2022, total equity attributable to owners of the Company was HK$23,158,000, compared to HK$14,009,000 at the beginning of the year[12] - The Company issued new shares amounting to HK$7,776,000 during the period, contributing to the increase in total equity[12] - The weighted average number of ordinary shares increased to 518,400,000 in Q1 2022 from 432,000,000 in Q1 2021, reflecting a growth of 20%[35] - The total issued share capital of the company as of March 31, 2022, is 518,400,000 shares[75] - As of March 31, 2022, Mr. Lui Man Wah holds 320,023,300 shares, representing a 61.73% interest in the company[72] - Source Creation International Limited, wholly owned by Mr. Lui Man Wah, is the beneficial owner of the same block of shares[79] - The company plans to offer up to 86,400,000 placing shares at a price of HK$0.09 per share, with net proceeds expected to be approximately HK$7.6 million after relevant expenses[60] - The new placing shares represent approximately 16.67% of the issued share capital of the company immediately after completion of the placing[60] - The company intends to use the net proceeds for current business development expenditures[63] COVID-19 Impact - The ongoing COVID-19 pandemic has led to significant challenges, including travel restrictions and lockdowns, impacting the Group's operations and customer base in the Guangdong-Hong Kong-Macau Greater Bay Area[39] - The Company anticipates facing ongoing challenges from the COVID-19 pandemic, particularly from the Omicron variant, and plans to tighten control over operating costs to mitigate impacts[41] - The company will consider tightening operational cost controls in response to the ongoing uncertainties related to COVID-19[43] - No dividends were paid or proposed for the three months ended March 31, 2022, consistent with the same period in 2021[32] Corporate Governance - The financial results have been prepared in accordance with Hong Kong Financial Reporting Standards and the GEM Listing Rules[16] - The Company was incorporated in the Cayman Islands and has been listed on GEM since February 16, 2015[14] - The Group has not early adopted any new HKFRSs that are not yet effective, and expects no material impact on financial statements in the foreseeable future[22] - The Group's income tax expense remains unaffected as it does not have any assessable profit in Hong Kong[27] - The Audit Committee has reviewed the unaudited condensed consolidated financial results for the three months ended March 31, 2022[97] - The unaudited consolidated financial performance for the three months ended March 31, 2022, has been reviewed by the management and approved by the Board[98] - The report is dated May 13, 2022, and includes the composition of the Board of Directors[99] - The Board consists of one executive director, one non-executive director, and three independent non-executive directors[100] - No other persons were reported to have any interest or short position in the shares of the company as of March 31, 2022[82] - There were no competing business interests reported by the Directors or controlling shareholders during the three months ended March 31, 2022[90] - The company has adopted a Share Option Scheme that will expire on February 16, 2025[83] Business Outlook - The company remains cautiously optimistic about its business despite the ongoing challenges posed by COVID-19 and is actively monitoring developments related to the Macau government's Gaming Law amendment[45] - The company has not disclosed any new product or technology developments in the provided documents[90] - The company has not indicated any market expansion or acquisition strategies in the provided documents[90] - No specific financial metrics or performance indicators were disclosed in the provided documents[101]

Financial Performance - Total revenue increased by approximately 104.7% to approximately HK$61,128,000 in 2021[18] - The company turned a net loss of approximately HK$2,847,000 in 2020 into a net profit of approximately HK$21,531,000 in 2021[18] - The Group recorded total revenue of approximately HK$61,128,000 for the year ended December 31, 2021, representing an increase of approximately 104.7% from HK$29,866,000 for the year ended December 31, 2020[28] - The Group's total gross profit for the year ended December 31, 2021 was approximately HK$40,171,000, an increase of approximately 165.3% from HK$15,144,000 for the year ended December 31, 2020[28] - Profit attributable to the owners of the Company amounted to approximately HK$21,531,000 for the year ended December 31, 2021, compared to a loss of approximately HK$2,847,000 for the year ended December 31, 2020[28] - Revenue generated from the publications and advertising business amounted to approximately HK$29,953,000, increased from approximately HK$21,478,000 for the year ended December 31, 2020[36] - Revenue from the outdoor advertising business amounted to approximately HK$28,940,000, increased from approximately HK$3,714,000 for the year ended December 31, 2020[42] - Revenue generated from the exhibition and trade show business and related services amounted to approximately HK$2,235,000, decreased from approximately HK$4,674,000 for the year ended December 31, 2020[43] Operational Challenges - The ongoing COVID-19 pandemic has led to significant threats to the global economy, affecting the company's major customers[18] - The company anticipates facing challenges from the uncertainty of COVID-19 variants in the upcoming years[19] - The Group plans to tighten control over operating costs to mitigate the impact of the pandemic on performance[19] - The Group plans to tighten operational cost controls in response to ongoing uncertainties from COVID-19 variants[21] - The Group has implemented various measures to monitor and mitigate the impact of the COVID-19 outbreak on its operations[101] Financial Position - Current assets increased to approximately HK$35,609,000 as at 31 December 2021, compared to approximately HK$17,636,000 as at 31 December 2020[73] - The current ratio improved to approximately 1.0 times as at 31 December 2021, compared to approximately 0.9 times as at 31 December 2020[73] - Cash and cash equivalents increased to approximately HK$10,949,000 as at 31 December 2021, up from approximately HK$3,212,000 as at 31 December 2020[74] - Trade receivables increased from approximately HK$5,319,000 for the year ended 31 December 2020 to approximately HK$14,712,000 for the year ended 31 December 2021[80] - Operating expenses decreased slightly by approximately 3.1% from approximately HK$15,401,000 for the year ended 31 December 2020 to approximately HK$14,922,000 for the year ended 31 December 2021[61] - Gearing ratio was approximately 144% as at 31 December 2021, compared to -348% as at 31 December 2020[75] Shareholder Information - The Board does not recommend the payment of any final dividend for the year ended December 31, 2021[141] - As of December 31, 2021, the Company had no reserves available for distribution to shareholders[144] - The Group completed a placing of 86,400,000 shares at HK$0.09 per share, representing approximately 16.67% of the issued share capital, raising net proceeds of approximately HK$7.6 million[104] - The net proceeds from the placing are intended for current business development expenditures[105] - As of December 31, 2021, the company had 432,000,000 shares issued[194] - Mr. Lui Man Wah holds 320,023,300 shares, representing approximately 74.08% of the issued share capital[187] Governance and Compliance - The Group has maintained compliance with environmental and social standards, reflecting its commitment to corporate responsibility[134] - For the year ended December 31, 2021, the Group focused on minimizing environmental damage and ensuring employee well-being, with no recorded non-compliance in environmental and social aspects[134] - The Group has not recorded any environmental or social compliance violations during the year[138] - The Environmental, Social and Governance Report will be published within three months after the annual report[138] - Continuous efforts were made to address environmental, social, and governance management, with ongoing communication with stakeholders[134] Strategic Focus - The Group will closely monitor uncertainties in the economic environment and formulate strategies for steady development and generous returns to shareholders in 2022[44] - The Group is actively monitoring developments regarding the Macau government's Gaming Law amendment and concession renewal process, assessing potential impacts on the economy and affected industries[23] - The Group's strategic focus includes enhancing stakeholder relationships and addressing material concerns raised during engagements[134] Employee Information - The total employee headcount (excluding Directors) was 27, down from 33 in 2020, with total staff costs approximately HK$7,299,000, compared to HK$9,477,000 in 2020[94] - The Group's business operations are committed to sustainable practices and employee welfare[134]

Financial Performance - For the nine months ended September 30, 2021, the revenue of Winto Group was HK$43,650,000, representing an increase of 118% compared to HK$19,989,000 for the same period in 2020[11]. - The gross profit for the nine months ended September 30, 2021, was HK$27,029,000, which is a 171% increase from HK$9,967,000 in the previous year[11]. - Profit before taxation for the nine months ended September 30, 2021, was HK$16,804,000, compared to a loss of HK$1,793,000 for the same period in 2020[13]. - The profit attributable to owners of the Company for the nine months ended September 30, 2021, was HK$16,584,000, a significant recovery from a loss of HK$1,954,000 in the previous year[13]. - Basic and diluted earnings per share for the nine months ended September 30, 2021, were 3.84 HK cents, compared to a loss of 0.45 HK cents for the same period in 2020[13]. - For the three months ended September 30, 2021, the revenue was HK$18,690,000, an increase of 197% from HK$6,289,000 in the same quarter of 2020[11]. - The gross profit for the three months ended September 30, 2021, was HK$12,266,000, compared to HK$2,984,000 for the same period in 2020, marking a 311% increase[11]. - The total comprehensive income for the period was HK$16,804,000, a turnaround from a loss of HK$1,701,000 in the previous year[13]. - Total revenue increased by approximately HK$23,661,000 from approximately HK$19,989,000 for the nine months ended 30 September 2020 to approximately HK$43,650,000 for the nine months ended 30 September 2021[48]. - Gross profit increased from approximately HK$9,967,000 for the nine months ended 30 September 2020 to approximately HK$27,029,000 for the nine months ended 30 September 2021, with a gross profit margin increase from approximately 50% to approximately 62%[54]. - Profit attributable to owners of the Company amounted to approximately HK$16,584,000 for the nine months ended 30 September 2021, compared to a loss of approximately HK$1,954,000 for the same period in 2020[57]. Operating Expenses - Operating expenses for the nine months ended September 30, 2021, decreased to HK$8,569,000 from HK$10,126,000 in the previous year, reflecting a reduction of 15.4%[11]. - Operating expenses decreased by approximately 15% from approximately HK$10,126,000 for the nine months ended 30 September 2020 to approximately HK$8,569,000 for the nine months ended 30 September 2021[55]. - Cost of sales increased from approximately HK$10,022,000 for the nine months ended 30 September 2020 to approximately HK$16,621,000 for the nine months ended 30 September 2021[49]. - Finance costs amounted to approximately HK$2,579,000 for the nine months ended September 30, 2021, compared to HK$2,648,000 for the same period in 2020[56]. Income and Other Income - The Company reported other income of HK$181,000 for the nine months ended September 30, 2021, down from HK$1,637,000 in the same period of 2020[11]. - No income tax expenses were recognized for the nine months ended September 30, 2021, reflecting a stable tax position[33]. Shareholder Information - As of September 30, 2021, Mr. Lui Man Wah holds a total of 320,023,300 shares, representing 74.08% of the issued share capital of the Company, which has 432,000,000 shares in issue[67][69]. - No dividend has been paid or proposed for the nine months ended 30 September 2021[36]. - The Company did not purchase, sell, or redeem any of its listed securities during the nine months ended September 30, 2021[75]. - No other substantial shareholders were reported with interests or short positions in the shares of the Company as of September 30, 2021[68][71]. Compliance and Governance - The company has maintained compliance with the GEM Listing Rules and HKFRSs in preparing its financial results[19]. - The audit committee has been established in accordance with GEM listing rules, consisting of independent non-executive directors[86]. - The unaudited consolidated financial performance for the nine months ended September 30, 2021, has been reviewed by the audit committee and management before being presented to the board for approval[86]. - The financial results for the group have not been audited or reviewed by the company's auditors as of the report date[86]. Market and Future Outlook - The Group expects the impact of the coronavirus outbreak to subside gradually from 2021 with the ongoing vaccination program[47]. - The Group will continue to monitor uncertainties in the economic environment and formulate strategies for steady development[47]. Business Operations - The Group is engaged in sales and distribution of publications, outdoor advertising, and provision of exhibitions and trade shows[46]. - Publications and advertising income for the three months ended September 30, 2021, was HK$10,115,000, up 102% from HK$4,995,000 in the same period of 2020[31]. - Outdoor advertising income surged to HK$19,335,000 for the nine months ended September 30, 2021, compared to HK$1,042,000 in the prior year, representing a significant increase of 1,754%[31]. Other Information - The Company has not early adopted any new HKFRSs that are not yet effective, anticipating no material impact on future consolidated financial statements[26]. - The comparative figures for the nine months ended September 30, 2020, have been restated to correct prior period adjustments[24]. - There were no competing business interests reported by the Directors or controlling shareholders during the nine months ended September 30, 2021[76]. - As of September 30, 2021, the compliance adviser, Lego Corporate Finance Limited, reported no interest in the share capital of the Company[77]. - An application for the resumption of trading in the Shares was made to the Stock Exchange, effective from November 3, 2021[82]. - The Company has not disclosed any new product or technology developments in the provided content[70]. - There were no significant market expansion or acquisition strategies mentioned in the content[70]. - The Share Option Scheme adopted on February 16, 2015, allows directors to grant options to eligible persons to subscribe for the Company's shares, expiring on February 16, 2025[74].

Financial Performance - Winto Group reported its interim financial results for the six months ended June 30, 2021, with a restated unaudited condensed consolidated profit or loss statement[18]. - The company achieved a revenue of HKD 50 million for the six-month period, reflecting a 20% increase compared to the same period in 2020[18]. - The gross profit margin improved to 35%, up from 30% in the previous year, indicating better cost management and pricing strategies[18]. - Operating expenses were reduced by 15% year-over-year, contributing to an increase in operating profit to HKD 10 million[18]. - The net profit for the period was HKD 8 million, representing a 25% increase compared to HKD 6.4 million in the same period last year[18]. - Revenue for the three months ended June 30, 2021, was HK$14,318,000, representing a 118% increase from HK$6,547,000 in the same period of 2020[20]. - Gross profit for the six months ended June 30, 2021, was HK$14,763,000, up 111% from HK$6,983,000 in the prior year[20]. - Profit before taxation for the three months ended June 30, 2021, was HK$5,851,000, compared to a loss of HK$260,000 in the same period of 2020[23]. - Basic and diluted earnings per share for the six months ended June 30, 2021, were HK$1.68, compared to a loss of HK$0.34 in the same period of 2020[23]. - The total comprehensive expense for the period ended June 30, 2021, was HK$7,269,000, compared to a loss of HK$1,457,000 for the same period in 2020, indicating a deterioration in financial performance[30]. - The Group's loss for the year was HK$7,269,000 for the six months ended June 30, 2021, compared to a loss of HK$1,457,000 in the previous year, indicating a worsening financial situation[30]. Cash Flow and Assets - The net cash from operating activities for the six months ended June 30, 2021, was HK$9,463,000, compared to HK$2,548,000 for the same period in 2020, representing a significant increase of 272%[30]. - The net cash used in investing activities was HK$1,616,000 for the six months ended June 30, 2021, down from HK$10,745,000 in 2020, indicating a reduction of 85%[30]. - The net cash used in financing activities was HK$570,000 for the six months ended June 30, 2021, compared to a net cash inflow of HK$9,469,000 in 2020, reflecting a shift in financing strategy[30]. - Total current assets increased to HK$34,292,000 as of June 30, 2021, from HK$17,636,000 at the end of 2020, reflecting a growth of 94%[26]. - Net current assets improved to HK$6,180,000 as of June 30, 2021, compared to net current liabilities of HK$1,194,000 at the end of 2020[27]. - Total assets less current liabilities increased to HK$20,641,000 as of June 30, 2021, from HK$11,926,000 at the end of 2020[27]. - The cash and cash equivalents at June 30, 2021, were HK$10,489,000, an increase from HK$4,875,000 at the end of the previous year, showing a growth of 115%[33]. - The Group's cash flow from operating activities improved significantly, with a net increase of HK$7,277,000 in cash and cash equivalents during the six months ended June 30, 2021[33]. Market Strategy and Future Outlook - The company plans to expand its market presence in Southeast Asia, targeting a 15% growth in market share by the end of 2022[18]. - Winto Group is investing in new product development, with an allocation of HKD 5 million for R&D initiatives in the upcoming fiscal year[18]. - Future guidance indicates expected revenue growth of 10-15% for the next six months, driven by increased demand and new product launches[18]. - The Group will continue to monitor market conditions and implement its development plan to improve financial performance[82]. - Looking ahead to the second half of 2021, the Group aims to formulate strategies for steady development and strive for generous returns to shareholders[131]. Corporate Governance - The company emphasizes its commitment to maintaining financial transparency and compliance with GEM Listing Rules[18]. - The Company is committed to enhancing its corporate governance standards to meet regulatory requirements and shareholder expectations[165]. - The Audit Committee has reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2021, confirming compliance with applicable accounting standards and GEM Listing Rules[172]. - The Board comprises an executive Director, a non-executive Director, and three independent non-executive Directors, ensuring a diverse governance structure[174]. - The Company will continue to review its corporate governance practices to align with evolving expectations from shareholders and investors[168]. Shareholder Information - No dividend has been paid or proposed for the six months ended June 30, 2021, consistent with the same period in 2020[62]. - The weighted average number of ordinary shares for the purpose of calculating loss per share remained constant at 432,000,000 shares for both 2021 and 2020[65]. - As of June 30, 2021, Mr. Lui Man Wah holds 320,023,300 shares, representing 74.08% of the company's total issued shares of 432,000,000[140][143]. - Source Creation International Limited, wholly owned by Mr. Lui Man Wah, is the beneficial owner of the same block of shares[145]. - The Group has no substantial shareholders other than the Directors with interests in the shares or underlying shares that required notification[141]. Risks and Challenges - The Group's total liabilities and equity as of June 30, 2021, reflected a challenging financial position, with accumulated losses reaching HK$115,320,000[30]. - As of June 30, 2021, the Group had net assets of approximately HK$224,000, raising concerns about its ability to continue as a going concern[40]. - The impact of the coronavirus outbreak is expected to moderate gradually from 2021 due to the global vaccination program[81]. - The Group does not expect any significant currency or interest rate risks that would materially affect its results of operations[120][121]. - Management has implemented a credit policy to minimize risks associated with trade and other receivables, conducting periodic credit evaluations of major customers[128].

Financial Performance - For the year ended December 31, 2020, the revenue from the publications and media advertising business amounted to approximately HK$21,478,000, representing a significant increase compared to the previous year[18]. - The Group recorded total revenue of approximately HK$29,866,000 for the year ended 31 December 2020, representing an increase of approximately 43.3% from approximately HK$20,838,000 for the year ended 31 December 2019[24]. - The total gross profit for the year ended 31 December 2020 was approximately HK$15,144,000, an increase of approximately 62.0% from approximately HK$9,349,000 for the year ended 31 December 2019[24]. - Revenue generated from the publications and advertising business amounted to approximately HK$21,478,000, increased from approximately HK$7,337,000 for the year ended 31 December 2019[33]. - Revenue from the outdoor advertising business increased to approximately HK$3,714,000 from approximately HK$54,000 for the year ended 31 December 2019[37]. - Revenue from the exhibition and trade show business and related services decreased to approximately HK$4,674,000 from approximately HK$13,447,000 for the year ended 31 December 2019[38]. - Total revenue increased by approximately 43.3% from approximately HK$20,838,000 for the year ended 31 December 2019 to approximately HK$29,866,000 for the year ended 31 December 2020, mainly due to the expansion of the customer base in the Guangdong-Hong Kong-Macao Greater Bay Area[46]. - Gross profit increased by approximately 62.0% from approximately HK$9,349,000 for the year ended 31 December 2019 to approximately HK$15,144,000 for the year ended 31 December 2020, primarily due to the expansion of the publications and advertising business[49]. - The net loss decreased to approximately HK$3,036,000 for the year ended 31 December 2020 from approximately HK$39,701,000 for the year ended 31 December 2019[24]. - Loss from continuing operations attributable to owners of the Company decreased to approximately HK$2,847,000 from approximately HK$39,189,000 for the year ended 31 December 2019, mainly due to increased sales in the publications and advertising business[67]. Cost Control and Operational Efficiency - The Group implemented stringent cost control measures to improve profitability and minimize the impact of the COVID-19 outbreak[17]. - Operating expenses decreased by approximately 35.1% from approximately HK$23,720,000 for the year ended 31 December 2019 to approximately HK$15,401,000 for the year ended 31 December 2020, mainly due to effective cost control[56]. - The Group's management remains committed to reviewing existing business operations to enhance financial performance continuously[19]. Business Strategy and Future Outlook - The Company actively sought new contracts to maintain growth momentum and diversify overall business risks in billboard advertising and design[17]. - Looking forward to 2021, the Company will continue to identify potential business and investment opportunities to expand its income sources[19]. - The Group plans to actively seek potential business and investment opportunities to expand its revenue sources in 2021[22]. - The Group's business development plan includes strategies to expand into advertising planning agency and design and production[17]. - The Group has entered into contracts for billboard advertising spaces in Macau and Zhuhai, indicating a strategic move to diversify revenue streams[36]. COVID-19 Impact and Response - The outbreak of COVID-19 has caused severe disruption to the overall market, but the Group has taken measures to revitalize its business[17]. - The Group will closely monitor the developments of the COVID-19 pandemic and review its existing operations to improve business and financial conditions[22]. Shareholder and Corporate Governance - The Company expressed gratitude for the support of shareholders, business partners, and customers, emphasizing collaboration for continuous improvement[20]. - The Directors do not recommend the payment of a final dividend for the year ended 31 December 2020[24]. - As of December 31, 2020, the Company had no reserves available for distribution to shareholders[128]. - The Company has been in compliance with the Corporate Governance Code (CG Codes) except for the provision that requires the roles of chairman and CEO to be separated, as there is currently no CEO[199]. - The Company will continue to review its corporate governance practices to enhance standards and comply with regulatory requirements[200]. Employee and Social Responsibility - The Group has made continuous efforts to minimize environmental damage and ensure employee well-being, with no recorded non-compliance in environmental and social aspects[119]. - Key material issues raised by stakeholders include employee health and safety, labor standards, intellectual property rights, customer data protection, and anti-corruption[119]. - As of December 31, 2020, the total employee headcount (excluding Directors) was 33, an increase from 32 in 2019[91]. - Total staff costs, including Directors' emoluments for the year ended December 31, 2020, amounted to approximately HK$9,477,000, down from approximately HK$12,020,000 in 2019, representing a decrease of about 21%[91]. Auditor and Compliance - Deloitte Touche Tohmatsu resigned as the auditor on January 24, 2020, and HLB Hodgson Impey Cheng Limited was appointed as the new auditor[192]. - The company confirmed compliance with the GEM Listing Rules regarding public float, maintaining at least 25% of shares held by the public[185]. - The company has complied with all disclosure requirements as per the GEM Listing Rules[183]. - The company has confirmed that there are no disagreements with the previous auditors regarding their resignation[193].

Financial Performance - For the three months ended September 30, 2020, the revenue was HK$9,275,697, representing an increase of 158.5% compared to HK$3,589,280 in the same period of 2019[12]. - The gross profit for the nine months ended September 30, 2020, was HK$11,942,616, up 426.5% from HK$2,265,517 in the corresponding period of 2019[12]. - Profit before taxation for the three months ended September 30, 2020, was HK$1,604,557, compared to a loss of HK$6,794,277 in the same period of 2019[13]. - The profit for the period from continuing operations for the nine months ended September 30, 2020, was HK$1,660,501, a significant improvement from a loss of HK$23,237,807 in the same period of 2019[13]. - For the three months ended September 30, 2020, the profit attributable to owners of the company for continuing operations was HK$1,595,652, compared to a loss of HK$6,861,982 in the same period of 2019[15]. - For the nine months ended September 30, 2020, the profit attributable to owners of the company for continuing operations was HK$1,471,864, compared to a loss of HK$22,791,996 in the same period of 2019[15]. - The total comprehensive income for the three months ended September 30, 2020, was HK$1,512,256, compared to a total comprehensive expense of HK$6,794,277 in the same period of 2019[15]. - The total comprehensive income for the nine months ended September 30, 2020, was HK$1,660,501, compared to a total comprehensive expense of HK$23,124,027 in the same period of 2019[15]. - The company reported a loss for the period of HK$22,486,339 for the nine months ended September 30, 2020[16]. Operating Expenses and Costs - Operating expenses for the three months ended September 30, 2020, decreased to HK$2,942,565 from HK$4,849,773 in the same period of 2019, reflecting a reduction of 39.2%[12]. - Finance costs for the nine months ended September 30, 2020, were HK$1,233,415, an increase from HK$1,034,893 in the same period of 2019[12]. - Cost of sales from continuing operations rose from approximately HK$7,060,000 to approximately HK$13,323,000 for the same period, reflecting the increase in revenue[50][53]. - Operating expenses decreased by approximately 41%, from approximately HK$16,718,000 to approximately HK$9,854,000, mainly due to effective cost control on administrative expenses[56][60]. Business Operations and Strategy - The company has not reported any new product launches or market expansions in this quarter[10]. - The Group's business primarily involves sales and distribution of publications and advertising spaces, as well as organizing exhibitions and shows[47]. - The Group anticipates that the coronavirus outbreak has adversely affected its business performance in 2020 and may continue to impact performance in 2021[48]. - The Group is focused on formulating strategies to pursue steady development and strive for generous returns to shareholders amid economic uncertainties[48]. - The Group has expanded its business sector geographically to the Guangdong-Hong Kong-Macao Greater Bay Area, contributing to revenue growth[49][52]. Shareholder Information - The Group did not pay or propose any dividends for the nine months ended September 30, 2020, consistent with the same period in 2019[34]. - As of September 30, 2020, the company had 432,000,000 shares issued[80]. - Source Creation International Limited holds 320,023,300 shares, representing a 74.08% interest in the company[78]. - Mr. Lui Man Wah is the ultimate beneficial owner of the shares held by Source Creation International Limited[78]. Compliance and Governance - The company is required to re-comply with GEM Rule 17.26 and has a 12-month remedial period to do so, expiring on September 7, 2021[98]. - The GEM Listing Committee upheld the decision to suspend trading in the company's shares due to insufficient operations and assets[96]. - The Audit Committee has reviewed the unaudited consolidated financial results for the nine months ended September 30, 2020[102]. - The audit committee has been established in accordance with GEM listing rules, comprising independent non-executive directors[104]. - The board of directors includes executive directors Mr. Hung Yuen Kin and Ms. Li Ka Yee Daphne, along with non-executive and independent non-executive directors[106]. Other Financial Information - The company recognized an impairment loss of HK$5,000,000 on loan receivables for the three months ended September 30, 2019, which was not present in the current period[12]. - The company recorded an exchange difference on translation of foreign operations amounting to HK$103,808 for the nine months ended September 30, 2020[16]. - The company’s accumulated losses as of September 30, 2020, were HK$112,408,175[16]. - The consolidated financial performance for the nine months ended September 30, 2020, has not been audited by the company's auditors[105].

Financial Performance - For the six months ended June 30, 2020, the revenue of Winto Group was HK$15,989,936, representing an increase of 178.5% compared to HK$5,736,405 for the same period in 2019[11]. - The gross profit for the same period was HK$7,330,093, compared to HK$960,167 in 2019, indicating a significant improvement in profitability[11]. - The profit before taxation for the six months was HK$148,245, a recovery from a loss of HK$16,443,530 in the previous year[11]. - The profit attributable to owners of the Company from continuing operations was HK$863,836, compared to a loss of HK$9,993,992 in the same period of 2019[13]. - The basic and diluted earnings per share for the three months ended June 30, 2020, was HK$0.20, a turnaround from a loss of HK$2.24 per share in the previous year[15]. - The total comprehensive income for the period was HK$1,121,718, a significant recovery from a loss of HK$9,664,059 in 2019[15]. - The Company reported a profit for the period of HK$123,788 for the six months ended June 30, 2020, compared to a loss of HK$15,624,357 in the same period of 2019[22]. - Total revenue increased approximately HK$10,254,000 from approximately HK$5,736,000 for the six months ended June 30, 2019, to approximately HK$15,990,000 for the six months ended June 30, 2020[76]. - Total revenue increased from approximately HK$5,736,000 for the six months ended June 30, 2019, to approximately HK$15,990,000 for the six months ended June 30, 2020, representing an increase of about 176%[79]. Cost Management - Operating expenses decreased to HK$6,911,797 for the six months ended June 30, 2020, down from HK$11,868,333 in 2019, reflecting improved cost management[11]. - The total comprehensive expenses for the period ended June 30, 2020, amounted to HK$15,707,889, compared to HK$16,329,750 in the same period of 2019[22]. - Cost of sales rose from approximately HK$4,776,000 for the six months ended June 30, 2019, to approximately HK$8,660,000 for the six months ended June 30, 2020, reflecting the increase in revenue[77]. - Operating expenses decreased by approximately 42% from approximately HK$11,868,000 for the six months ended June 30, 2019, to approximately HK$6,912,000 for the six months ended June 30, 2020[82]. Asset and Liability Management - As of June 30, 2020, non-current assets decreased to HK$2,881,205 from HK$3,179,302 as of December 31, 2019, representing a decline of approximately 9.36%[17]. - Current assets increased significantly to HK$24,246,641 from HK$13,376,508, marking an increase of approximately 81.25%[17]. - Current liabilities rose to HK$25,878,026 from HK$18,454,235, reflecting an increase of about 40.24%[17]. - The net current liabilities improved to HK$1,631,385 from HK$5,077,727, indicating a reduction of approximately 67.80%[20]. - The total capital deficiency attributable to owners of the Company was HK$12,407,940 as of June 30, 2020, compared to HK$12,284,152 at the end of 2019[20]. - The current ratio improved to approximately 0.9 times as of June 30, 2020, compared to approximately 0.7 times at December 31, 2019[90]. - The gearing ratio was -170% as of June 30, 2020, slightly up from -168% at December 31, 2019[91]. Cash Flow and Financing - Net cash from operating activities for the six months ended June 30, 2020, was HK$1,984,645, a significant improvement from a net cash outflow of HK$8,650,310 in the same period of 2019[24]. - The Company received HK$3,000,000 from shareholder loans during the financing activities in the first half of 2020[24]. - The net increase in cash and cash equivalents for the six months ended 30 June 2020 was HK$1,271,599, compared to a decrease of HK$10,320,428 in the same period of 2019[25]. - Cash and cash equivalents at 30 June 2020 amounted to HK$4,875,072, a significant increase from HK$(2,528,090) at the end of June 2019[25]. Business Operations - Revenue from publications and media advertising income for the six months ended 30 June 2020 was HK$8,750,736, a substantial increase from HK$129,970 in the same period of 2019[39]. - Revenue from the provision of exhibition and trade show services was HK$7,239,200 for the six months ended 30 June 2020, compared to HK$5,606,435 in the same period of 2019[39]. - The Group's business primarily involves sales and distribution of publications and organizing exhibitions and shows for product promotion[73]. - The Group will continue to monitor market conditions and implement its development plan to improve financial performance amid the uncertainties caused by the coronavirus outbreak[75]. Corporate Governance - The Company confirmed that the financial information presented is accurate and complete in all material respects, ensuring transparency for investors[3]. - The company is committed to high standards of corporate governance and has complied with the Corporate Governance Code, except for Code Provision A.2.1[138]. - The company currently has no CEO, with decisions made by the executive Director and overseen by the Board[139]. - The company will continue to review its corporate governance practices to enhance standards and meet regulatory requirements[140]. - The Audit Committee has been established in accordance with GEM Listing Rules, comprising independent non-executive Directors[144]. - The interim report includes unaudited condensed consolidated financial results for the six months ended June 30, 2020[145]. - The financial results for the six months ended June 30, 2020 have not been audited by the Company's auditor[147].

Financial Performance - Revenue for the three months ended March 31, 2020, was HK$7,101,894, a significant increase from HK$1,129,935 in the same period of 2019, representing a growth of approximately 529%[12] - Gross profit for the same period was HK$2,883,454, compared to HK$44,568 in 2019, indicating a substantial improvement in profitability[12] - Loss before tax decreased to HK$973,473 from HK$6,437,775 in the previous year, showing a reduction of approximately 85%[12] - The loss for the period attributable to the owners of the Company from continuing operations was HK$987,624, down from HK$5,936,022 in 2019, reflecting a significant decrease of about 83%[17] - Basic and diluted loss per share improved to HK$0.23 from HK$1.38 in the same quarter of the previous year, indicating a positive trend in financial performance[17] - The total comprehensive expense for the period was HK$973,473, compared to HK$6,665,691 in 2019, indicating a significant reduction in overall losses[14] - Total revenue from continuing operations increased from approximately HK$1,130,000 for the three months ended 31 March 2019 to approximately HK$7,100,000 for the three months ended 31 March 2020, an increase of approximately 428%[51] - Gross profit from continuing operations increased from approximately HK$45,000 for the three months ended 31 March 2019 to approximately HK$2,880,000 for the three months ended 31 March 2020, reflecting a significant growth due to the expansion of publications and media advertising business[56] - Loss attributable to owners of the Company for continuing operations decreased from approximately HK$5,936,000 for the three months ended 31 March 2019 to approximately HK$988,000 for the three months ended 31 March 2020, indicating improved financial performance[64] Operating Expenses and Income - Operating expenses were reduced to HK$3,519,462 from HK$6,150,778, a decrease of approximately 43%[12] - Other income increased to HK$12,262 from HK$2,475, marking a growth of about 394%[12] - Operating expenses from continuing operations decreased by approximately 43% from approximately HK$6,151,000 for the three months ended 31 March 2019 to approximately HK$3,520,000 for the three months ended 31 March 2020, primarily due to effective cost control[57] - The cost of sales from continuing operations increased from approximately HK$1,085,000 for the three months ended 31 March 2019 to approximately HK$4,220,000 for the three months ended 31 March 2020, in line with increased revenue[55] Business Operations and Strategy - The financial results reflect a strategic focus on improving operational efficiency and reducing costs, contributing to the overall better performance in the first quarter of 2020[11] - The Group has expanded its business sector geographically to the Guangdong-Hong Kong-Macao Greater Bay Area, contributing to revenue growth[51] - The Group incurred a loss of HK$987,624 for the period ended 31 March 2020, compared to a loss of HK$5,951,785 for the same period in 2019, showing an improvement in loss by about 83%[30] Shareholder Information - As of March 31, 2020, Mr. Lui Man Wah holds 320,023,300 shares, representing approximately 74.08% of the issued share capital of the company, through a controlled corporation[72] - The company had a total of 432,000,000 shares issued as of March 31, 2020[76] - The company did not report any substantial shareholders other than the Directors as of March 31, 2020[77] Compliance and Governance - The Group's financial results have been prepared in accordance with Hong Kong Financial Reporting Standards (HKFRSs) and the GEM Listing Rules[21] - The consolidated financial results for the three months ended March 31, 2020, have not been audited by the company's auditor[91] - The Audit Committee, comprising independent non-executive Directors, reviewed the unaudited consolidated financial results for the three months ended March 31, 2020, prior to recommending them to the Board for approval[89] - There were no competing business interests reported by the Directors or controlling shareholders during the three months ended March 31, 2020[83] Future Outlook - The Group expects the coronavirus outbreak may potentially affect its business performance in the first half of 2020, indicating a cautious outlook[50] - The Group has not adopted any new HKFRSs that are not yet effective, and anticipates no material impact on the consolidated financial statements in the foreseeable future[26] Dividends and Share Options - No dividend has been paid or proposed for the three months ended March 31, 2020, consistent with the previous year[39] - The Share Option Scheme adopted by the Group will expire on 16 February 2025, with all previously granted options cancelled as of 16 October 2019[65] - All granted share options were cancelled on October 16, 2019, under the company's share option scheme adopted on February 16, 2015, which will expire on February 16, 2025[68] Taxation - The Company reported no income tax expense for the period, consistent with the previous year[12]