Financial Performance - The Group recorded an audited consolidated revenue of approximately HK$316.76 million, representing an increase of 6.24% compared to the previous year[18]. - The loss for the year attributable to owners of the Company was HK$29.99 million, a decrease of 60.40% compared to last year[18]. - The Group's gross profit increased by 6.23% to approximately HK$63.76 million, maintaining a gross profit margin of 20.13%[27]. - Revenue from coal mining services was approximately HK$294.25 million, accounting for 92.89% of the Group's total revenue[34]. - The Group's money lending business generated revenue of approximately HK$16.87 million, which accounted for 5.33% of total revenue[36]. - The provision of heating supply services recorded revenue of approximately HK$5.64 million, accounting for 1.78% of total revenue, with a profit of approximately HK$6.06 million after government subsidies[37]. - The Group recorded other income of approximately HK$19.84 million, primarily from machinery leasing and government subsidies[28]. - The Group incurred administrative and other operating expenses of approximately HK$65.20 million, which did not materially change compared to the previous year[28]. Business Segments - The coal mining services segment contributed an operating profit of approximately HK$6.62 million to the Group[19]. - The money lending business generated an operating profit of HK$4.63 million[19]. - The provision of heating supply service recorded an operating profit of HK$6.06 million[19]. Strategic Initiatives - The Company is considering venturing into new business areas to broaden its revenue sources[20]. - The Group plans to expand into new business areas to diversify its revenue sources and create greater value for shareholders[23]. - The Group is considering venturing into the Chinese medicine and healthcare products market to diversify its income sources[73]. - The Group intends to expand its heat supply business in profitable areas such as Beijing through partnerships[65]. - The Group plans to enhance brand value through digitalization and multi-dimensional marketing strategies to optimize customer experience[50]. - The store network will be expanded through direct stores and franchises to improve coverage[50]. Operational Highlights - The Group produced approximately 12.93 million tonnes of coal and excavated approximately 19.56 kilometers of tunnels during the year[33]. - The Group's mining operations are subject to various operating risks, including unexpected maintenance issues and natural disasters, which could disrupt operations and damage reputation[114]. - The Group faces increasing competition from other mining service providers, particularly in Inner Mongolia, which may pressure profit margins[115]. - The Group operates without long-term contracts with customers, relying on management contracts typically lasting one to two years, which poses risks to future revenue[113]. - The Group actively seeks to expand its customer base to mitigate risks associated with revenue concentration[104]. Financial Position - As of June 30, 2019, the Group held cash and cash equivalents of approximately HK$151.11 million, down from HK$170.81 million in 2018[74]. - The current ratio as of June 30, 2019, was approximately 8.21 times, an increase from 6.78 times in 2018[75]. - The Group had no bank borrowings as of June 30, 2019, maintaining a gearing ratio of approximately 0.30[75]. - The Group's debt-to-asset ratio remained stable at approximately 0.30 as of June 30, 2019, consistent with the previous year[79]. Governance and Management - The management team includes experienced directors with backgrounds in mining, finance, and corporate management, enhancing the Group's operational capabilities[125][126][130][131][132][133]. - The company has a total of ten directors, including six executive directors and four independent non-executive directors, bringing diverse professional experiences to the board[147]. - The board is committed to maintaining high standards of corporate governance to enhance shareholder value and ensure effective risk management[143]. - The company has complied with all applicable code provisions of the Corporate Governance Practices throughout the year ended June 30, 2019[144]. - The company has established an audit committee and remuneration committee to oversee financial reporting and executive compensation[137]. Risk Management - The Group's money lending business faces credit risks, with no assets held as security for unsecured loans, potentially leading to losses from unrecoverable loans[120]. - The Group implements credit control measures to mitigate risks associated with the quality of its loan portfolio[120]. - The Group will maintain close communication with mine owners to monitor national regulatory policies affecting the coal industry[119]. - The Group's operations are significantly influenced by PRC laws and regulations, which may increase operating costs and compliance efforts due to potential changes[119]. Shareholder Engagement - The Group expresses gratitude to shareholders, customers, suppliers, and other business associates for their continued support[21]. - The management team and staff are acknowledged for their valuable contributions during the year[21]. Miscellaneous - The Group made donations amounting to HK$150,000 during the year[99]. - The Group has no significant contingent liabilities as of June 30, 2019[102]. - No significant events occurred after the reporting period[103].

Financial Performance - For the three months ended March 31, 2019, the company reported revenue of HKD 62,786,000, a decrease of 3% compared to HKD 65,355,000 for the same period in 2018[5] - The gross profit for the same period was HKD 13,736,000, representing a 12.5% increase from HKD 12,208,000 year-on-year[5] - The company incurred a loss of HKD 841,000 for the three months ended March 31, 2019, compared to a loss of HKD 8,548,000 in the same period of 2018, indicating a significant improvement[6] - The total comprehensive income for the three months ended March 31, 2019, was HKD 10,489,000, compared to HKD 16,161,000 for the same period in 2018[6] - For the nine months ended March 31, 2019, the company reported total revenue of HKD 234,185,000, an increase of 7.1% from HKD 218,503,000 in the previous year[5] - The company recorded revenue of approximately HKD 234,190,000 for the nine months ended March 31, 2019, an increase of 7.18% compared to HKD 218,500,000 for the same period in 2018[23] - Gross profit increased by 17.57% to approximately HKD 54,910,000, with a gross profit margin rising from 21.37% to 23.45%[23] - The loss attributable to owners of the company for the nine months ended March 31, 2019, was HKD 1,969,000, a significant reduction from HKD 17,535,000 in the previous year[6] - The company recorded a loss of approximately HKD 1,970,000 attributable to owners for the nine months ended March 31, 2019, compared to a loss of HKD 17,540,000 in the same period of 2018[24] Expenses and Income - The company’s administrative and other operating expenses decreased to HKD 15,831,000 for the three months ended March 31, 2019, down from HKD 19,266,000 in the same period of 2018[5] - The company recognized a tax expense of HKD 1,643,000 for the three months ended March 31, 2019, compared to a tax credit of HKD 945,000 in the same period of 2018[6] - The company reported a tax expense of HKD 5,180,000 for the period, an increase from a tax credit of HKD 360,000 in the previous year, mainly due to increased operating profit[24] - Other income for the period was approximately HKD 11,170,000, up from HKD 5,480,000 in 2018, primarily from machinery rental for coal mining services and government subsidies for heating services[24] - Financing costs for the period were approximately HKD 5,140,000, showing no significant change from HKD 4,820,000 in 2018[24] - The company experienced a decrease in other gains and losses, reporting a loss of approximately HKD 1,710,000 compared to HKD 5,030,000 in 2018, primarily due to reduced losses from fair value changes of listed securities[24] Assets and Equity - The company’s total equity as of March 31, 2019, was HKD 526,545,000, a decrease from HKD 532,451,000 at the beginning of the period[7] - As of March 31, 2019, the fair value of financial assets at fair value through profit or loss was approximately HKD 2,470,000, an increase from HKD 1,940,000 at the end of 2018[30] - The group held cash and cash equivalents of approximately HKD 105,530,000 as of March 31, 2019, down from HKD 170,810,000 on June 30, 2018[39] - The current ratio was approximately 7.66 times as of March 31, 2019, compared to 6.78 times on June 30, 2018[39] - Depreciation of property, plant, and equipment for the nine months was HKD 5,622,000, down from HKD 6,753,000 in 2018[14] Business Operations - The company continues to focus on providing mining services, heating services, and trading of mineral products as part of its core business strategy[9] - The group recorded revenue of approximately HKD 215,680,000 from coal mining services, representing a 7.9% increase from HKD 200,690,000 in the previous year, accounting for 92.10% of total revenue[26] - Loan interest income from lending operations was approximately HKD 12,590,000, up from HKD 11,570,000 in the previous year, making up 5.37% of total revenue[27] - Revenue from heating services was approximately HKD 5,920,000, a decrease from HKD 6,250,000 in the previous year, accounting for 2.53% of total revenue, with a gross loss of HKD 1,730,000[28] - The group is actively seeking new clients to expand its customer base and is negotiating a new contract[33] - The group plans to enter new business areas, such as traditional Chinese medicine and health products, to diversify its revenue sources[33] Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for compliance with applicable accounting standards[60] - The company has adopted the GEM Listing Rules for directors' securities trading conduct and confirmed compliance during the period[57] - There were no interests or potential conflicts of interest reported by directors or major shareholders in competing businesses[54] - The company maintains high corporate governance standards to enhance shareholder value, adhering to the corporate governance code principles[58] - The company has not established any arrangements allowing directors to benefit from purchasing shares or debentures of the company or any other corporation during the period[48] - No other individuals or corporations held 5% or more of the company's shares as of March 31, 2019, apart from those disclosed[52] Shareholder Information - As of March 31, 2019, major shareholders include Chen Chaohui with 607,200,000 shares (8.10%) and Chen Ying with 645,380,000 shares (8.61%) [50] - The company has a share option scheme approved on December 12, 2014, allowing the grant of options to subscribe for up to 533,250,233 shares, representing 10% of the issued shares at that time [53] - The company has not granted any share options under the new share option scheme as of the report date [53] - No purchases, sales, or redemptions of the company's listed securities occurred during the period [56] - The company did not recommend any dividend distribution for the nine months ended March 31, 2019, consistent with the previous year[19] - The group has no bank borrowings as of March 31, 2019, maintaining a debt ratio of approximately 0.29[39] - The group employed 1,378 staff members as of March 31, 2019, with compensation based on industry practices and individual performance[42]

Financial Performance - For the three months ended December 31, 2018, the company reported revenue of HKD 84,011,000, an increase of 11.5% compared to HKD 75,615,000 for the same period in 2017[8]. - The gross profit for the six months ended December 31, 2018, was HKD 41,173,000, representing a 19.3% increase from HKD 34,497,000 in the prior year[8]. - The company recorded a net profit of HKD 310,000 for the three months ended December 31, 2018, compared to a net loss of HKD 5,386,000 in the same period of 2017[9]. - Revenue for the six months ended December 31, 2018, was HKD 171,399,000, an increase of 11.9% compared to HKD 153,148,000 for the same period in 2017[30]. - Coal mining services generated revenue of HKD 160,901,000 for the six months ended December 31, 2018, up from HKD 143,228,000 in the same period of 2017, representing a growth of 12.4%[33]. - The group reported a profit before tax of HKD 2,527,000 for the six months ended December 31, 2018, compared to a loss of HKD 8,363,000 for the same period in 2017[35]. - The company reported a loss attributable to owners of approximately HKD 1.01 million, a significant improvement from a loss of HKD 9.11 million in the same period of 2017[54]. Assets and Liabilities - The total assets as of December 31, 2018, amounted to HKD 738,999,000, slightly up from HKD 755,403,000 as of June 30, 2018[10]. - The company's cash and cash equivalents decreased to HKD 105,268,000 from HKD 170,805,000 over the six-month period[10]. - As of December 31, 2018, the net current assets amounted to HKD 531,294,000, showing a slight increase from HKD 528,334,000 as of June 30, 2018[11]. - Total assets less current liabilities were reported at HKD 646,932,000, down from HKD 663,974,000 in the previous period[11]. - The company's equity attributable to owners decreased to HKD 515,193,000 from HKD 532,451,000, reflecting a decline of approximately 3.3%[13]. - The fair value of financial assets measured at fair value through profit or loss was approximately HKD 1,940,000, down from HKD 5,450,000 as of June 30, 2018[60]. Cash Flow - The net cash used in operating activities for the six months ended December 31, 2018, was HKD (64,917,000), compared to HKD 25,384,000 in the same period of 2017[14]. - The cash and cash equivalents at the end of the period were HKD 105,268,000, down from HKD 112,985,000, indicating a decrease of about 6.8%[14]. - The group had cash and cash equivalents of approximately HKD 105,270,000, down from HKD 170,810,000 as of June 30, 2018[81]. Expenses and Costs - The company’s administrative and other operating expenses increased to HKD 40,244,000 for the six months ended December 31, 2018, compared to HKD 38,830,000 in the previous year[8]. - The company incurred financing costs of approximately HKD 3.46 million, which was consistent with HKD 3.21 million in the same period of 2017[54]. - Income tax expenses increased from HKD 580,000 in 2017 to HKD 3.53 million in the current period, mainly due to increased operating profit and reduced deferred tax reversals[54]. Shareholder Information - Major shareholders holding 5% or more of the company's shares include Chen Chao-hui (8.10%), Chen Ying (8.61%), and Huang Xin-song (6.82%) among others[91]. - The company has a share option scheme approved on December 12, 2014, allowing the grant of options to subscribe for up to 533,250,233 shares, representing 10% of the issued shares at that time[93]. - There were no purchases, sales, or redemptions of the company's listed securities during the period[95]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to enhance shareholder value, adhering to the corporate governance code principles[98]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the period, ensuring compliance with applicable accounting standards[99]. - The company has adopted the GEM Listing Rules as a code of conduct for directors' securities transactions, ensuring compliance throughout the period[96]. Business Operations - The company continues to focus on its core business areas, including coal mining services and heating services, while exploring potential market expansions[16]. - The company provided mining services to five coal mines, with one mine ceasing operations in January 2019, contributing approximately 6% to the segment's revenue[56]. - Revenue from heating services recorded approximately HKD 2,280,000, accounting for 1.33% of total revenue, with a slight loss of HKD 30,000 compared to a profit of HKD 1,380,000 in 2017[58].