Financial Performance - For the nine months ended December 31, 2022, the group recorded revenue of approximately RMB 725,800,000, representing a growth of 12.1% compared to RMB 647,400,000 for the same period in 2021[5] - The profit attributable to owners for the nine months ended December 31, 2022, was approximately RMB 27,900,000, a decrease of 52.3% from RMB 58,400,000 in 2021[5] - Basic and diluted earnings per share for the nine months ended December 31, 2022, were approximately RMB 0.62, down from RMB 1.40 in 2021[5] - For the three months ended December 31, 2022, the group reported revenue of RMB 268,484,000, compared to RMB 246,168,000 for the same period in 2021[6] - Gross profit for the nine months ended December 31, 2022, was RMB 87,417,000, down from RMB 141,791,000 in 2021, indicating a decline in gross margin[6] - The group reported a net loss of RMB 9,372,000 for the three months ended December 31, 2022, compared to a profit of RMB 38,110,000 in the same period of 2021[10] - The total comprehensive loss for the three months ended December 31, 2022, was RMB 9,680,000, compared to a comprehensive income of RMB 31,102,000 in 2021[10] - The company reported a net profit of RMB 27,868 thousand for the period, compared to a net profit of RMB 58,374 thousand in the same period of the previous year, reflecting a decrease of approximately 52.3%[18] - The total comprehensive income for the three months ended December 31, 2022, was RMB 32,033 thousand, down from RMB 48,548 thousand in the same period of 2021, a decline of about 34.1%[18] Revenue Sources - Revenue from value-added telecommunications and related services for the three months ended December 31, 2022, was RMB 218,224 thousand, up from RMB 203,761 thousand in the previous year, indicating a growth of about 7.2%[21] - The revenue from data center services for the nine months ended December 31, 2022, was RMB 18,885 thousand, compared to RMB 15,416 thousand in the same period of 2021, showing an increase of about 22.4%[21] - Revenue from value-added telecommunications and related services for the nine months ended December 31, 2022, was RMB 725,821 thousand, up from RMB 647,361 thousand in the same period of 2021, marking an increase of about 12.1%[27] Expenses and Liabilities - Research and development expenses for the nine months ended December 31, 2022, were RMB 25,119,000, an increase from RMB 20,561,000 in 2021[6] - The company’s total liabilities as of December 31, 2022, were RMB 14,544 thousand, a decrease from RMB 19,998 thousand as of December 31, 2021, indicating a reduction of approximately 27.3%[18] - The company’s total administrative expenses for the three months ended December 31, 2022, were RMB 23,840 thousand, compared to RMB 24,859 thousand in the same period of 2021, indicating a slight decrease[25] - The company recorded a net financial cost of RMB 7,122,000 for the three months ended December 31, 2022, compared to RMB 4,330,000 in the same period of 2021, indicating an increase of approximately 64.5%[30] - The company’s total financial liabilities interest expense for the nine months ended December 31, 2022, was RMB 18,818,000, an increase from RMB 11,812,000 in the same period of 2021, reflecting a rise of approximately 59.2%[30] Dividends and Shareholder Information - The board of directors did not recommend the payment of dividends for the nine months ended December 31, 2022[5] - The company did not recommend any dividend payment for the nine months ended December 31, 2022, consistent with the previous year[38] - Major shareholders include Zhong Zhi Xin Zhuo Capital Company Limited with 50.46% and Tian Xi Capital Company Limited with 60.00% ownership, indicating significant control over the company[64] Future Outlook and Strategic Initiatives - The company plans to continue expanding its value-added telecommunications services and data center offerings to drive future growth[21] - The company’s financial performance is expected to improve as it focuses on its core business areas and enhances operational efficiency[21] - The outlook for 2023 suggests a recovery in the Chinese economy, with expectations for significant growth in retail sales of consumer goods compared to 2022[54] - The company plans to leverage the acceleration of the digital economy and the integration of new technologies to enhance consumer experiences and expand market opportunities[55] - The group anticipates rapid recovery in key sectors such as financial securities, operators, and internet industries due to ongoing economic recovery and new internal growth momentum, leading to more growth opportunities[58] - The company has secured new orders in the operator service sector, traditional finance, and new internet companies, with ongoing project bidding and establishment of self-operated contact centers to support revenue and profit contributions[58] - In the digital marketing sector, the company has expanded its services in live e-commerce and digital marketing, integrating existing marketing capabilities to enhance service capacity and adapt to new consumer scenarios[59] Corporate Governance and Compliance - The audit committee has reviewed the third-quarter financial statements, confirming compliance with applicable accounting standards and adequate disclosure[71] - The executive directors include Chairman Niu Zhanbin, CEO Liu Yang, COO Wu Hui, and others[72] - The company is focused on expanding its market presence and enhancing product offerings[72] - Future outlook includes strategic initiatives aimed at increasing user engagement and revenue growth[72]

Financial Performance - The company recorded revenue of approximately RMB 457,300,000 for the first half of 2022, an increase of 14.0% compared to RMB 401,200,000 in the same period of 2021[7]. - The profit attributable to owners of the company for the first half of 2022 was approximately RMB 34,900,000, representing a significant increase of 72.7% from RMB 20,200,000 in the same period of 2021[7]. - Basic and diluted earnings per share for the first half of 2022 were approximately RMB 0.80, compared to RMB 0.48 in the same period of 2021[7]. - The company reported a total comprehensive income of RMB 38,688,000 for the first half of 2022, compared to RMB 13,901,000 in the same period of 2021[15]. - The company’s pre-tax profit for the first half of 2022 was RMB 33,377,000, compared to RMB 26,762,000 in the same period of 2021[10]. - The company reported a profit of RMB 22,374,000 for the three months ended September 30, 2022, compared to RMB 10,583,000 for the same period in 2021, marking a growth of 111%[83]. - The profit attributable to the owners of the company for the six months ended September 30, 2022, was RMB 34,884,000, representing an increase of 73% compared to RMB 20,197,000 for the same period in 2021[83]. Assets and Liabilities - As of September 30, 2022, total assets were approximately RMB 1,769,500,000, up from RMB 1,574,100,000 as of March 31, 2022[7]. - The net asset value as of September 30, 2022, was approximately RMB 1,310,600,000, an increase from RMB 1,091,300,000 as of March 31, 2022[7]. - Total non-current assets amounted to RMB 910,078 thousand, slightly up from RMB 907,907 thousand[17]. - Current assets totaled RMB 859,387 thousand, an increase from RMB 666,193 thousand, with accounts receivable rising to RMB 529,463 thousand from RMB 485,259 thousand[17]. - Current liabilities increased to RMB 355,525 thousand from RMB 314,167 thousand, with bank and other borrowings rising to RMB 188,480 thousand from RMB 140,779 thousand[17]. - Total assets less current liabilities reached RMB 1,413,940 thousand, compared to RMB 1,259,933 thousand previously[21]. - The company reported a total equity of RMB 1,310,625 thousand, an increase from RMB 1,091,253 thousand[21]. Cash Flow - Net cash from operating activities was RMB 12,000 thousand, a significant improvement from a cash outflow of RMB 39,274 thousand[25]. - Cash and cash equivalents at the end of the period stood at RMB 219,365 thousand, up from RMB 86,047 thousand at the beginning of the period[30]. - The company incurred a net cash outflow from investing activities of RMB 82,428 thousand, compared to RMB 110,394 thousand in the previous period[27]. - Financing activities generated cash inflow of RMB 211,416 thousand, up from RMB 58,196 thousand[29]. Revenue Breakdown - Revenue from value-added telecommunications and related services for the three months ended September 30, 2022, was RMB 234,472 thousand, compared to RMB 217,015 thousand for the same period in 2021, reflecting an increase of about 8%[49]. - The revenue from customer service solutions for the six months ended September 30, 2022, was RMB 376,074 thousand, up from RMB 306,864 thousand in the same period of 2021, indicating a growth of approximately 22%[49]. - The revenue from comprehensive marketing services for the three months ended September 30, 2022, was RMB 29,953 thousand, down from RMB 49,549 thousand in the same period of 2021, a decline of about 40%[49]. - The data center services revenue for the six months ended September 30, 2022, was RMB 12,577 thousand, compared to RMB 9,527 thousand for the same period in 2021, representing an increase of approximately 32%[49]. Expenses and Costs - The gross profit for the first half of 2022 was RMB 68,204,000, compared to RMB 87,687,000 in the same period of 2021[10]. - Total administrative expenses for the six months ended September 30, 2022, were RMB 34,725 thousand, up from RMB 23,263 thousand for the same period in 2021, marking an increase of approximately 49.4%[63]. - Financial costs for the three months ended September 30, 2022, totaled RMB 6,536 thousand, compared to RMB 4,157 thousand for the same period in 2021, which is an increase of approximately 56.9%[69]. - The company generated service costs of approximately RMB 389,100,000 in the first half of 2022, up from RMB 313,500,000 in 2021[129]. Dividends and Shareholder Information - The board of directors did not recommend the payment of an interim dividend for the first half of 2022, consistent with the previous year[7]. - The company has not recommended the distribution of an interim dividend for the six months ended September 30, 2022[90]. - As of September 30, 2022, Zhong Zhi Xin Zhuo Capital Company Limited holds 2,409,823,718 shares, representing 50.46% of the company's equity[152]. - Tian Xi Capital Company Limited and its affiliates control 2,865,644,243 shares, accounting for 60.00% of the company's equity[152]. Corporate Governance - The company has adopted a code of conduct for directors regarding securities trading, which complies with GEM Listing Rules standards[164]. - All directors confirmed compliance with the trading standards and the code of conduct throughout the 2022 interim period[164]. - The company has applied and adhered to the principles and all provisions of the Corporate Governance Code as per GEM Listing Rules Appendix 15 during the 2022 interim period[166]. - The Audit Committee has reviewed the interim financial statements and believes they are prepared in accordance with applicable accounting standards and have made sufficient disclosures[167].

Financial Performance - The company recorded revenue of approximately RMB 222,900,000 for Q1 2022, an increase of 21.0% compared to RMB 184,200,000 in Q1 2021[8] - The profit attributable to owners for Q1 2022 was approximately RMB 12,500,000, up from RMB 9,700,000 in the same period of 2021[8] - Basic and diluted earnings per share for Q1 2022 were approximately RMB 0.30, compared to RMB 0.23 in Q1 2021[8] - The total comprehensive income for the period was RMB 16,667,000, compared to RMB 4,774,000 in the same period of 2021[10] - The company reported a net profit of RMB 12,510 thousand for the period, compared to RMB 9,741 thousand in the same quarter of 2021, reflecting a year-over-year increase of approximately 28.3%[28] - The total comprehensive income for the period was RMB 12,869 thousand, up from RMB 7,769 thousand in the prior year, marking an increase of approximately 65.5%[28] Expenses and Costs - The gross profit for Q1 2022 was RMB 37,941,000, down from RMB 42,211,000 in Q1 2021[10] - Research and development expenses for Q1 2022 were RMB 6,748,000, compared to RMB 6,015,000 in Q1 2021[10] - Marketing expenses decreased to RMB 1,048,000 in Q1 2022 from RMB 2,648,000 in Q1 2021[10] - The company incurred service costs of approximately RMB 184,900,000 in the first fiscal quarter of 2022, an increase from RMB 142,000,000 in 2021[79] - Administrative expenses decreased to approximately RMB 16,600,000 in the first fiscal quarter of 2022, down from RMB 20,800,000 in 2021[84] - The company incurred financial costs of RMB 5,160 thousand for the three months ended June 30, 2022, which is an increase of 55.1% from RMB 3,325 thousand in the same period of 2021[45] Operational Changes - The company has ceased operations in the financial services segment, which previously contributed to its revenue, focusing instead on telecommunications and related services[28] - The company established new self-operated contact service centers in Pingxiang and Longyan, expanding the total number of operational workstations to 11,964[78] - The company is focused on project bidding, implementation, and the establishment of self-operated contact centers to support new orders and revenue contributions[91] Future Outlook and Strategy - The company plans to continue expanding its value-added telecommunications services and enhance its customer service solutions in the future[28] - The company is actively exploring new business opportunities in the financial industry and internet live commerce, aiming for healthy growth and enhanced shareholder value[87] - The company will continue to expand its domestic business layout to capture growth opportunities effectively[87] - The company aims to maintain close communication with clients to respond proactively to macroeconomic policies affecting their businesses[87] Shareholder Information - The company did not recommend the payment of a dividend for Q1 2022, consistent with the previous year[8] - The board of directors does not recommend paying a dividend for the first quarter of the 2022 fiscal year[92] Corporate Governance - The company has established an audit committee in accordance with GEM listing rules, consisting of three independent non-executive directors[110] - The audit committee reviewed the first quarter financial statements and confirmed compliance with applicable accounting standards and adequate disclosures[111] - The executive directors include Chairman Niu Zhanbin, CEO Liu Yang, and COO Wu Hui[113]

Acquisition and Business Activities - ZZ Technology Group Company Limited acquired KingNine Holdings Limited on October 15, 2020, which constituted a very substantial acquisition under the GEM Listing Rules[10]. - The KingNine Group's principal activities include back-office services, comprehensive marketing services, and data center services in the People's Republic of China[10]. - ZZCI Credit Limited, a subsidiary of the Group, holds a money lenders license to provide finance against marketable securities, enhancing the Group's financial services capabilities[10]. - The principal activity of the Company is investment holding, with subsidiaries engaged in back-office services, comprehensive marketing services, and data center services[151]. - Dalian Kingwisoft Technology Co., Ltd. became a wholly-owned subsidiary of the Company on October 15, 2020, enhancing the Group's operational capabilities[150]. Financial Performance - The Group's annual report includes a consolidated statement of profit or loss and other comprehensive income, detailing financial performance[9]. - KingNine Holdings Limited reported revenue of RMB807.2 million for the year, representing a year-on-year increase of 59.5%[39]. - The consolidated net profit attributable to equity holders of KingNine Group for the year was RMB134.3 million[39]. - The audited consolidated net profit attributable to equity holders of KingNine for the period from April 1, 2021, to March 31, 2022, was approximately RMB134.3 million, exceeding the guaranteed profit of RMB120 million[37]. - KingNine Group reported a consolidated net profit attributable to equity holders of approximately RMB 134.3 million for the fiscal year ending March 31, 2022, an increase from RMB 120 million in the previous period, representing a growth of 11.9%[40]. - The total revenue for KingNine Group reached RMB 807.2 million, reflecting a year-on-year increase of 59.5%[41]. - Revenue from back-office services amounted to RMB 694.4 million, accounting for 80.2% of total revenue, with a year-on-year growth of 37.3% in the intelligent data solution business[44][45]. - KingNine Group recorded a revenue of approximately RMB865.7 million for the Year, representing a 227% increase compared to RMB264.4 million in the previous year[63]. - Profit attributable to owners of the Company for the Year was approximately RMB80.4 million, compared to RMB26.2 million for the last financial year[73]. Assets and Liabilities - The Group's total assets increased by approximately RMB158.7 million to RMB1,574.1 million as of 31 March 2022, compared to RMB1,415.4 million as of 31 March 2021[78]. - The total liabilities of the Group increased by approximately RMB83.0 million to RMB482.8 million as of 31 March 2022, compared to RMB399.8 million as of 31 March 2021[78]. - Total equity attributable to owners of the Company increased to approximately RMB1,071.1 million as of March 31, 2022, up from approximately RMB999.9 million in 2021, primarily due to profit recognition and net movement in the translation reserve[81]. - The Group's current ratio was 2.1 and debt ratio was 12.9% as of March 31, 2022, compared to 3.4 and 2.9% in 2021, respectively[83]. Employee and Management - The Group employed 7,351 employees as of March 31, 2022, a significant increase from 4,436 employees in 2021, with total staff costs amounting to approximately RMB402.2 million[88]. - The company has a diverse board of directors, including executive and independent non-executive members, ensuring a range of expertise[13]. - The management team includes professionals with advanced degrees from prestigious institutions, enhancing the company's strategic capabilities[141]. - The company emphasizes the importance of compliance and internal control, as demonstrated by the roles of its executives in these areas[128]. - The remuneration structure is designed to attract and retain top talent, with no material interruptions to operations or significant labor disputes reported[178][180]. Innovation and Development - The company focused on innovation in artificial intelligence and big data technologies, achieving positive results in integrating these technologies into business scenarios[50][52]. - KingNine Group obtained 29 new software copyrights and 2 invention patents during the reporting period, totaling 163 software copyrights overall[50][52]. - The company has begun developing quality and productivity tools in the field of digital marketing, indicating a strategic focus on enhancing service offerings[50]. - The Group is developing merchant quality and productivity tools in digital marketing, which has become a new growth momentum in B2B enterprise services[111]. Compliance and Security - The Group has implemented strict internal control procedures to ensure the security and confidentiality of client information, with no leakage reported during the financial year[167]. - The Company has established confidentiality clauses in contracts with clients to protect sensitive information[162]. - Employees are required to sign confidentiality agreements upon joining the Company, with legal and financial consequences for violations[163]. - The Group is aware of compliance risks associated with handling personal information and has taken measures to mitigate these risks[154]. - The Company has been certified for its information security system and has passed the annual review, ensuring compliance with relevant laws and regulations[168]. Market and Client Relationships - KingNine Group maintained stable relationships with its top ten clients, including a world-leading Internet technology company that joined the list during the reporting period[46][47]. - The Group has established new business cooperation with a major Chinese telecom operator across several cities, expanding its client base[108]. - New orders have been obtained from leading Internet companies and traditional financial sectors, contributing to organic growth from existing clients[108]. - KingNine Group's major clients are expected to recover rapidly with the continued economic recovery, providing opportunities for rapid growth[104]. Corporate Governance - The board's composition reflects a commitment to governance and oversight, with members serving on various committees[138]. - The Group's board has been supportive and resourceful in growing the business while being mindful of shareholders' interests[183]. - The company aims to leverage its leadership's extensive backgrounds to drive growth and innovation in its operations[141]. Environmental and Social Responsibility - The Group's policies include environmentally friendly practices such as recycling, reducing resource consumption, and using electronic means for document transmission[172]. - The Group's management has adopted green office practices to promote environmental protection and resource recycling[174]. - The Group has implemented special arrangements for employee health and safety in response to the COVID-19 situation, including special allowances[182].

Financial Performance - For the nine months ended December 31, 2021, the group recorded revenue of approximately RMB 647,400,000, a significant increase of 439% compared to RMB 120,100,000 for the same period in 2020[9]. - The profit attributable to owners of the company for the nine months ended December 31, 2021, was approximately RMB 58,400,000, compared to RMB 7,600,000 for the same period in 2020[9]. - Basic and diluted earnings per share for the nine months ended December 31, 2021, were RMB 1.40, up from RMB 0.20 in 2020[9]. - The gross profit for the nine months ended December 31, 2021, was RMB 141,791,000, compared to RMB 42,225,000 for the same period in 2020[11]. - The total comprehensive income for the period was RMB 31,102,000, compared to a loss of RMB 19,330,000 in the same period of 2020[13]. - The total revenue for the three months ended December 31, 2021, was RMB 246,168,000, compared to RMB 120,118,000 for the same period in 2020[11]. - The company reported a pre-tax profit of RMB 67,180,000 for the nine months ended December 31, 2021, compared to RMB 16,157,000 for the same period in 2020[11]. - The company’s total comprehensive income for the nine months ended December 31, 2021, was RMB 58,374 thousand, compared to a loss of RMB 38,441 thousand for the same period in 2020[20]. - The total revenue for the nine months ended December 31, 2021, was RMB 648,264 thousand, compared to RMB 121,581 thousand in the same period of 2020, representing a growth of 433.3%[39]. Expenses and Costs - The operating expenses for the nine months ended December 31, 2021, included RMB 68,290,000 in administrative expenses, up from RMB 44,853,000 in 2020[11]. - Total expenses from continuing operations for the three months ended December 31, 2021, were RMB 30,712 thousand, compared to RMB 31,169 thousand for the same period in 2020, representing a decrease of approximately 1.46%[17]. - For the nine months ended December 31, 2021, total expenses from continuing operations were RMB 48,903 thousand, compared to RMB 48,548 thousand for the same period in 2020, indicating a slight increase of approximately 0.73%[17]. - The company reported a significant increase in share premium to RMB 944,754 thousand as of December 31, 2021, compared to RMB 944,878 thousand as of December 31, 2020, indicating stability in capital structure[20]. - The company’s bank loan interest for the nine months ended December 31, 2021, was RMB 1,056 million, an increase of 274% compared to RMB 282 million for the same period in 2020[52]. - The total interest expenses for the nine months ended December 31, 2021, amounted to RMB 11,812 million, up 267% from RMB 3,214 million in the same period of the previous year[52]. - Employee benefits expenses (excluding directors' remuneration) for the nine months ended December 31, 2021, totaled RMB 287,411 million, compared to RMB 65,851 million for the same period in 2020, reflecting a growth of 336%[54]. - The company reported a total tax expense of RMB 11,366 million for the nine months ended December 31, 2021, compared to RMB 5,446 million for the same period in 2020, reflecting an increase of 108%[60]. Business Operations - The company’s main business operations include providing value-added telecommunications and related services, which encompass backend services, comprehensive marketing services, and data center services[27]. - KingNine Group achieved revenue of approximately RMB 571,400,000 for the nine months ended December 31, 2021, representing a 58.9% increase compared to the same period in 2020, accounting for 88.3% of the group's total revenue[71]. - The number of customers increased from 125 as of March 31, 2021, to 282, indicating significant growth in customer acquisition and business expansion[71]. - Service costs for providing value-added telecommunications and related services amounted to approximately RMB 505,600,000 for the nine months ended December 31, 2021, up from RMB 77,900,000 in 2020[79]. - The company has secured new orders from major Chinese telecommunications operators and is expanding its service centers in multiple cities, including Puyang, Xiangyang, and Xi'an[88]. - In the digital marketing sector, KingNine Group is developing tools related to digital life and marketing, resulting in a steady increase in client traffic and new customer acquisitions[89]. - The company has integrated its existing internet marketing capabilities with new digital marketing technologies, contributing to growth in B2B services and live commerce[89]. Corporate Governance - The company did not recommend the payment of a dividend for the nine months ended December 31, 2021, consistent with the previous year[9]. - The board of directors did not recommend any dividend payment for the nine months ending December 31, 2021[91]. - The Audit Committee has been established in accordance with GEM listing rules, consisting of three independent non-executive directors[111]. - The Audit Committee reviewed the third-quarter financial statements and confirmed compliance with applicable accounting standards and adequate disclosures[112]. Strategic Focus - KingNine Group plans to continue focusing on innovation in artificial intelligence and big data applications, having obtained 20 new software copyrights and 2 invention patents in the customer service technology field during the quarter[75]. - The group is expanding its operational capacity with the establishment of a new self-operated contact service center in Jinzhou and the expansion of five additional centers, increasing the total number of workstations to 11,749, up from 6,093 as of March 31, 2021[75]. - KingNine Group is actively exploring new business opportunities in the financial industry and internet live commerce sectors to enhance stable revenue and profitability[88]. - The company holds an indirect interest of 80% in Datang Wealth International Limited, which primarily provides private banking services, including asset allocation and investment advisory services[108]. - The company has an indirect interest of 45.1% in Hengtian International Capital Management Limited, focusing on asset management and fund distribution services[108]. - As of December 31, 2021, there are no direct or indirect interests held by directors or major shareholders in any competing businesses[108].

Financial Performance - The company recorded revenue of approximately RMB 401,900,000 for the first half of 2021, a significant increase from RMB 1,000,000 in the same period of 2020, primarily due to new business in value-added telecommunications services in China[9]. - The profit attributable to owners of the company for the first half of 2021 was approximately RMB 20,200,000, compared to a loss of RMB 11,600,000 in the same period of 2020[9]. - Basic and diluted earnings per share for the first half of 2021 were approximately RMB 0.48, compared to a loss of RMB 0.33 per share in the same period of 2020[9]. - Gross profit for the first half of 2021 was RMB 88,371,000, compared to RMB 45,782,000 in the same period of 2020[11]. - The company reported a pre-tax profit of RMB 25,739,000 for the first half of 2021, compared to a pre-tax loss of RMB 11,588,000 in the same period of 2020[11]. - Total comprehensive income for the first half of 2021 was RMB 13,901,000, compared to a total comprehensive loss of RMB 35,530,000 in the same period of 2020[14]. - The company reported a net profit of RMB 20,197 thousand for the period, compared to a loss of RMB 3,478 thousand in the previous period[26]. - The company reported a profit attributable to owners of RMB 10,456,000 for the three months ended September 30, 2021, compared to a loss of RMB 1,043,000 in the same period of 2020, marking a significant turnaround[76]. - For the six months ended September 30, 2021, the profit attributable to owners was RMB 20,197,000, compared to a loss of RMB 11,588,000 in the prior year, indicating a strong recovery[76]. Assets and Liabilities - As of September 30, 2021, total assets were approximately RMB 1,439,000,000, up from RMB 1,415,400,000 as of March 31, 2021[9]. - The net asset value as of September 30, 2021, was approximately RMB 1,024,700,000, compared to RMB 1,015,600,000 as of March 31, 2021[9]. - Total non-current assets increased to RMB 874,290 thousand from RMB 845,446 thousand, representing a growth of 3.9%[17]. - Current assets decreased to RMB 564,664 thousand from RMB 569,995 thousand, a decline of 0.6%[18]. - Total liabilities increased to RMB 249,359 thousand from RMB 168,385 thousand, marking a significant rise of 48.0%[19]. - Total assets less current liabilities stood at RMB 1,189,595 thousand, down from RMB 1,247,056 thousand, a decrease of 4.6%[23]. - The company’s total equity attributable to owners increased to RMB 1,017,283 thousand from RMB 999,904 thousand, reflecting a growth of 1.7%[23]. Cash Flow and Expenses - Cash and cash equivalents decreased to RMB 91,081 thousand from RMB 202,710 thousand, a drop of 55.2%[30]. - The company incurred cash outflows from operating activities amounting to RMB 39,274 thousand, compared to inflows of RMB 174,858 thousand in the previous period[32]. - The company incurred research and development expenses of RMB 13,113,000 for the first half of 2021, compared to RMB 7,098,000 in the same period of 2020[11]. - The company incurred marketing expenses of RMB (5,187) thousand and R&D expenses of RMB (13,113) thousand[60]. - Administrative expenses totaled RMB (45,319) thousand, with significant contributions from various segments[60]. - Financial costs for the six months were RMB (7,482) thousand, primarily from interest on borrowings[66]. Revenue Breakdown - Total revenue for the six months ended September 30, 2021, was RMB 401,877 thousand, compared to RMB 1,015 thousand for the same period in 2020, indicating a significant increase[47]. - Revenue from value-added telecommunications and related services for the six months ended September 30, 2021, was RMB 401,193 thousand, while financial services generated RMB 683 thousand[54]. - The company’s revenue from customer service solutions for the six months ended September 30, 2021, was RMB 306,465 thousand, compared to no revenue in the same period of 2020[47]. - Revenue from the Chinese market for the six months ended September 30, 2021, was RMB 401,193 thousand, while revenue from the United States was RMB 601 thousand[54]. Strategic Initiatives and Future Outlook - The company continues to focus on expanding its value-added services and enhancing its financial service offerings to drive future growth[54]. - The company plans to continue expanding its market presence and investing in new technologies and products[60]. - Future guidance indicates a focus on improving operational efficiency and enhancing service offerings to drive growth[60]. - KingNine Group plans to pursue continuous acquisitions around its upstream and downstream business, focusing on ToB service companies with synergy and good development prospects[159]. - The company will closely monitor macro policies affecting its clients and maintain close communication to explore new business opportunities in the financial and internet live e-commerce sectors[158]. - KingNine Group aims to expand its domestic business layout to bring more stable income and profitability, thereby enhancing shareholder value[158]. Corporate Governance and Compliance - The board of directors did not recommend the payment of an interim dividend for the first half of 2021, consistent with no dividend in the same period of 2020[9]. - The company has confirmed compliance with the GEM Listing Rules regarding directors' securities trading conduct throughout the 2020 interim period[175]. - The audit committee has reviewed the interim financial statements, affirming their compliance with applicable accounting standards and adequate disclosure[177]. - The company has adhered to the principles and all code provisions of the Corporate Governance Code as per GEM Listing Rules during the 2021 interim period[176]. - The proposed name change will not affect any rights of shareholders, and existing shares will remain valid for trading and settlement purposes[184]. Acquisitions and Investments - The group completed the acquisition of 51% stakes in Qingdao Jinliang Technology Co., Ltd. and Jiuzhi Technology (Hangzhou) Co., Ltd. for a cash consideration of RMB 1,020,000 each, aimed at expanding value-added telecommunications and related services[106]. - The total consideration paid for the acquisitions was RMB 2,040,000, which included cash and cash equivalents[122]. - The group announced the sale of its wholly-owned subsidiary Corporate Wise Limited for approximately HKD 17,240,000, with the transaction completed on October 22, 2021[129]. - The group completed the acquisition of a 20% stake in Guangzhou Kunyuan Cultural Media Service Co., Ltd. for RMB 6,000,000, enhancing service offerings and customer retention[138]. Market and Economic Context - In the first three quarters of 2021, China's GDP reached 82,313.1 billion yuan, with a year-on-year growth of 9.8% and a two-year average growth of 5.2%[158]. - The value added of the information transmission, software, and information technology service industry increased by 19.3% year-on-year in the first three quarters, with a two-year average growth of 17.6%[158].

Financial Performance - The company recorded revenue of approximately RMB 184.6 million in Q1 2021, a significant increase from RMB 0.5 million in Q1 2020, primarily due to new business income from value-added telecommunications services in China[9] - The profit attributable to the owners of the company for Q1 2021 was approximately RMB 9.7 million, compared to a loss of RMB 10.5 million in the same period of 2020[9] - Basic and diluted earnings per share for Q1 2021 were approximately RMB 0.23, compared to a loss of RMB 0.30 per share in Q1 2020[20] - Gross profit for the quarter was RMB 42.6 million, up from RMB 0.5 million in the previous year[15] - The total comprehensive income for the period was RMB 4.8 million, compared to a comprehensive loss of RMB 10.8 million in Q1 2020[18] - The company reported a pre-tax profit of RMB 13.3 million for Q1 2021, compared to a pre-tax loss of RMB 10.5 million in Q1 2020[15] - Total revenue for the three months ended June 30, 2021, was RMB 184,556 thousand, compared to RMB 501 thousand for the same period in 2020, representing a significant increase[35] - The pre-tax profit for the period was RMB 9,741 thousand, compared to a loss of RMB 10,545 thousand in the previous year[62] Revenue Sources - The company’s total income from value-added telecommunications and related services was RMB 184.2 million in Q1 2021[12] - Revenue from value-added telecommunications and related services was RMB 184,178 thousand, with contributions from backend services, comprehensive marketing services, and data center services[35] - Financial services revenue included RMB 83 thousand from corporate advisory services and RMB 295 thousand from loan interest income, showing a decline from the previous year's figures[35] - Gross profit for the value-added telecommunications and related services segment was RMB 42,211 thousand, indicating a healthy margin[44] - The company has shifted its reporting currency from Hong Kong dollars to Renminbi, impacting the presentation of financial results[27] Expenses - The company incurred administrative expenses of RMB 22.1 million in Q1 2021, compared to RMB 14.4 million in the same period of 2020[15] - The group incurred marketing and R&D expenses totaling approximately RMB 8,700,000 in the first fiscal quarter of 2021, compared to none in 2020[84] - Service costs for value-added telecommunications and related services amounted to approximately RMB 142,000,000 in the first fiscal quarter of 2021, with major components including employee costs and subcontracting fees[85] - The company’s financial costs increased to RMB 3.3 million in Q1 2021 from RMB 0.034 million in Q1 2020[15] Shareholder Information - Zhongzhi Xinzhuo Capital Company Limited holds 57.53% of the company's shares, totaling 2,409,823,718 shares[106] - Tian Xi Capital Company Limited and its affiliates control 68.41% of the company, with a total of 2,865,644,243 shares[106] - NINEGO Corporation, controlled by Mr. Hu, holds 6.55% of the company's shares, amounting to 274,190,219 shares[108] - The company’s major shareholders include Zhongzhi Xinzhuo and Kangbang (Hong Kong), both of which are wholly owned subsidiaries of Tian Xi Capital[107] Corporate Governance - The audit committee has reviewed the first quarter financial statements and confirmed compliance with applicable accounting standards[118] - The company has established an audit committee in accordance with GEM listing rules, consisting of three independent non-executive directors[117] - The company reported no competitive business interests among its directors as of June 30, 2021[113] - The company’s chairman is Mr. Niu Zhanbin, with executive directors including Mr. Jiang Yulin and Mr. Wu Hui[119] Business Strategy and Growth - The company is focused on expanding its presence in internet education, financial securities, e-commerce, community group buying, and internet manufacturing sectors[72] - The group plans to expand its business layout domestically, aiming for more stable income and profitability[96] - KingNine Group has started constructing three self-operated contact service centers in Shenyang, Liu'an, and Puyang to support new orders[98] - The group is actively exploring new business opportunities in the financial industry and internet live commerce sectors[98] - The group has signed contracts with financial influencers to enhance its service capabilities in selling financial products, thereby increasing revenue scale[100] Customer Metrics - The number of customers increased from 125 as of March 31, 2021, to 134, indicating growth in client acquisition[72] - The company maintained stable performance among its top ten customers during the quarter[72] Dividend Policy - The company did not recommend the payment of a dividend for Q1 2021, consistent with no dividends declared in Q1 2020[9] - The company did not recommend any dividends for Q1 2021, consistent with the previous year[64]

Acquisition and Corporate Structure - Zhongjin Technology Services Group Company Limited acquired KingNine Holdings Limited on October 15, 2020, which constituted a very substantial acquisition and connected transaction under GEM Listing Rules[14] - The total consideration for the acquisition of KingNine Holdings Limited is RMB850 million, with RMB180 million settled by share issuance, RMB250 million as a closing fund, and RMB420 million in cash[27] - As of March 31, 2021, the company issued 638,022,754 shares as consideration shares and paid RMB140 million as the first tranche of cash consideration[27] - The remaining cash consideration of RMB280 million will be paid in four installments of RMB70 million each, due on July 31 of 2021, 2022, 2023, and 2024[27] - The completion of the acquisition occurred on October 15, 2020, and KingNine has since been consolidated into the company's financial statements[33] - The company had no other material acquisitions or disposals of subsidiaries during the year[34] - KingNine completed the acquisition of Dalian Kingwisoft Technology Group on October 15, 2020, making it a wholly-owned subsidiary[36] - The Group's subsidiary ZZCI Corporate Finance Limited is licensed for type 1, type 4, type 6, and type 9 regulated activities, providing a diversified range of corporate advisory and asset management services[14] - The Group's subsidiary, Asian Capital (Qianhai) Investment Management Limited, was established in 2016 and approved as a Qualified Foreign Limited Partnership by Shenzhen Municipal Government Financial Services Office[14] - ZZCI Credit Limited, a wholly-owned subsidiary, holds a money lenders license, allowing the Group to provide financing against marketable securities[14] Financial Performance - KingNine Group reported revenue of approximately RMB506.1 million for the year, representing a year-on-year increase of 17.8%[75] - Revenue from back-office services amounted to approximately RMB255.6 million, accounting for 96.0% of the total revenue of the Group[75] - The net profit for the year was approximately RMB95.0 million, an increase of 45.6% compared to the previous financial year[77] - The accumulated actual audited consolidated net profit attributable to equity holders of KingNine for the guarantee period from April 1, 2020, to March 31, 2021, was approximately RMB93.6 million, exceeding the guaranteed profit of RMB90 million[61] - The guaranteed profit for the guarantee period from April 1, 2019, to March 31, 2020, was RMB60 million, with the actual profit being approximately RMB65.3 million[61] - KingNine Group achieved revenue of approximately RMB 506.1 million, a year-on-year increase of 17.8%, with back-office service revenue accounting for 96.0% of total revenue[78] - The net profit for the year was approximately RMB 95 million, representing a 45.6% increase compared to the previous fiscal year[79] - The Group recorded a significant revenue increase of 1,663%, reaching approximately RMB 266.2 million, primarily due to the acquisition of KingNine Group[90] Profit Guarantees and Compensation - The profit guarantee for KingNine's equity holders includes a minimum audited consolidated net profit of RMB 60 million for the fiscal year ending March 31, 2020, increasing to RMB 180 million for the fiscal year ending March 31, 2024[47] - If the actual net profit for any guarantee period is less than the guaranteed profit, the guarantors are expected to compensate the company for the shortfall in cash[51] - The total guaranteed profit over the specified periods amounts to RMB 600 million, with the compensation formula based on the shortfall calculation[50] Operational Highlights - The Group aims to enhance its financial services capabilities through various subsidiaries and strategic acquisitions[14] - The Group's services are primarily targeted at the People's Republic of China market[14] - The customer base increased from 90 as of March 31, 2020, to 125, with the top five customers contributing 69.8% of the Group's revenue[76] - The KingNine Group has maintained stable relationships with leading companies across various industries, including finance and e-commerce[76] - The company took effective measures during the COVID-19 pandemic to ensure smooth operations and compliance with government regulations[77] - The number of self-operated contact service centers increased from 12 to 13, and workstations rose to 6,693, an increase of 352 compared to March 31, 2020[87] - KingNine Group obtained one patent and 21 new software copyrights, bringing the total to 134 software copyrights granted[84] Financial Position and Ratios - Non-current assets increased to approximately RMB845.4 million from RMB24.3 million in 2020, mainly due to goodwill and intangible assets recognized from the Acquisition[109] - Net current assets decreased to approximately RMB401.6 million from RMB627.1 million in 2020, largely due to cash payments related to the Acquisition[110] - Non-current liabilities rose to approximately RMB231.4 million from RMB2.7 million in 2020, including payable cash consideration due in installments[111] - Total equity attributable to owners of the Company increased to approximately RMB999.9 million from RMB648.6 million in 2020, primarily due to the issuance of new shares for the Acquisition[120] - The Group's current ratio was 3.4 and gearing ratio was 2.9% as of March 31, 2021, indicating improved liquidity compared to 37.2 and Nil in 2020[117] Management and Governance - The company has independent non-executive directors with diverse backgrounds in finance, technology, and management, enhancing its governance structure[180] - The company is listed on the Hong Kong Stock Exchange, indicating its compliance with international financial standards[167] - The board includes members with significant experience in investment banking and corporate finance, which may benefit the company's strategic initiatives[186] - The company has a strong focus on risk management, as evidenced by the roles of its independent directors in various committees[180] - The company aims to leverage its directors' extensive networks and expertise to explore new market opportunities[188] - The company is committed to enhancing its operational efficiency through experienced leadership in financial management and technology[188] Future Plans and Market Strategy - The Group plans to explore acquisitions or investments in synergistic assets to expand service categories and enhance research and development capabilities[130] - The KingNine Group is focusing on premium corporate clients in the Internet and finance sectors to diversify services and strengthen customer loyalty, aiming to increase market share[130] - The Group is preparing for live streaming e-commerce and training, leveraging its Internet marketing capabilities to drive growth in B2B corporate services[142] - KingNine Group's investment in Jinliang Technology aims to diversify revenue streams through comprehensive media services for financial industry clients, including new media operations and information flow advertising[146] - The Group plans to focus on more optimistic business prospects and considers optimizing its asset structure by disposing of non-core businesses[150]

Financial Performance - For the nine months ended December 31, 2020, the group recorded revenue of approximately RMB 121,600,000, a significant increase of 972% compared to RMB 11,300,000 for the same period in 2019, primarily due to revenue generated from the KingNine Group in Q3 2020[7] - The profit attributable to owners of the company for the nine months ended December 31, 2020, was approximately RMB 7,600,000, compared to a loss of RMB 23,900,000 for the same period in 2019[7] - Basic earnings per share for Q3 2020 was RMB 0.47, compared to a loss per share of RMB 0.19 in Q3 2019, and for the nine months, it was RMB 0.20 compared to a loss of RMB 0.67 in the same period of 2019[7] - Gross profit for the nine months ended December 31, 2020, was RMB 43,688,000, compared to RMB 11,341,000 for the same period in 2019[9] - The company reported a pre-tax profit of RMB 13,565,000 for the nine months ended December 31, 2020, compared to a pre-tax loss of RMB 23,856,000 for the same period in 2019[9] - The company reported a net profit of RMB 19,707,000 for Q3 2020, compared to a loss of RMB 6,872,000 in Q3 2019[9] - The company reported a loss of RMB 23,857,000 for the period, highlighting challenges in profitability despite revenue generation[13] - The total comprehensive expenses for the period were RMB 30,322,000, indicating a significant outflow compared to income[13] Dividends and Shareholder Information - The board of directors did not recommend the payment of a dividend for the nine months ended December 31, 2020, consistent with the previous year[7] - The company did not recommend the payment of dividends for the nine months ended December 31, 2020, consistent with 2019[49] - As of December 31, 2020, Zhong Zhi Xin Zhuo Capital Company Limited holds 2,409,823,718 shares, representing 57.53% of the company's equity[85] - Tian Xi Capital Company Limited and its controlled entities collectively own 2,865,644,243 shares, accounting for 68.41% of the company's equity[85] - NINEGO Corporation, controlled by Mr. Hu and Ms. Liu, holds 274,190,219 shares, which is 6.55% of the company's equity[85] - The major shareholder, Mr. Xie, indirectly holds approximately 68.41% of the company's issued share capital through Zhong Zhi Xin Zhuo and Kang Bang (Hong Kong)[91] - No other individuals, apart from those disclosed, were known to hold 5% or more of the company's shares as of December 31, 2020[88] Expenses and Costs - The company incurred administrative expenses of RMB 48,908,000 for the nine months ended December 31, 2020, compared to RMB 33,021,000 for the same period in 2019[9] - The group incurred service costs of approximately RMB 77.9 million for the nine months ending December 31, 2020, primarily due to employee costs and other operational expenses[74] - The company incurred finance costs of RMB 3,151 thousand for the three months ended December 31, 2020, compared to RMB 43 thousand for the same period in 2019[37] - Employee benefit expenses, including directors' remuneration, totaled RMB 59,481 thousand for the three months ended December 31, 2020, compared to RMB 5,016 thousand for the same period in 2019[41] Acquisitions and Corporate Changes - The acquisition of KingNine Holdings Limited was completed on October 15, 2020, expanding the company's service offerings in China[16] - The acquisition of KingNine Holdings Limited was completed on October 15, 2020, with a total consideration of RMB 1,012,224 thousand[51] - Cash and cash equivalents paid for the acquisition amounted to RMB 390,000 thousand, resulting in a net cash outflow of RMB 344,229 thousand[58] - The identifiable net assets acquired from the acquisition were valued at RMB 426,347 thousand, with goodwill recognized at RMB 599,681 thousand[54][56] - The company issued 638,022,754 shares as part of the acquisition consideration, with a fair value of RMB 366,075 thousand[51] - The acquisition included a deferred payment of RMB 256,149 thousand, to be settled in future installments[51] Currency and Operational Changes - The company transitioned its functional currency from HKD to RMB effective October 1, 2020, reflecting a significant change in its operational environment[20] - The company changed its functional currency from Hong Kong dollars to Renminbi effective October 1, 2020, to better reflect its economic environment[68] Market and Revenue Insights - Revenue analysis by service indicates a focus on backend services, comprehensive marketing services, and data center services, although specific revenue figures were not detailed[24] - The company’s revenue from China was RMB 120,118 thousand, while revenue from other regions was RMB 448 thousand for the three months ended December 31, 2020[30] - KingNine Group is a leading outsourcing customer service provider primarily operating in China, focusing on backend services and data center services[64] - KingNine Group reported revenue of approximately RMB 141 million for Q3 2020, a 16% increase year-over-year, with backend services accounting for 96% of total revenue[70] - The number of clients increased from 90 as of March 31, 2020, to 118 by the end of Q3 2020, indicating a stable and expanding customer base[70] - The group anticipates growth opportunities in the internet sector as economic recovery continues, particularly in financial securities and internet industries[78] Compliance and Governance - The audit committee has reviewed the third-quarter financial statements and confirmed compliance with applicable accounting standards[94] - The company has established an audit committee in accordance with GEM listing rules, consisting of three independent non-executive directors[94] - The company has no directors with interests in any business that may compete directly or indirectly with its operations as of December 31, 2020[91] Other Information - The company has not provided independent financial data for its segments, focusing instead on overall performance metrics[24] - The company has not disclosed any new product developments or market expansion strategies in the provided documents[87] - The company plans to continue expanding its market presence and investing in new technologies and products to drive future growth[30]

ZZ CAPITAL INTERNATIONAL LIMITED 中 植 資 本 國 際 有 限 公 司 (於開曼群島註冊成立的有限公司) 股份代號：08295 IDHURRIER HILLE 0100 TT THE LE PER TENE THUNGHE ISTORIC TEEN 0 中期 報告 在线 本报告探用環保纸印製 中植資本國際有限公司 GEM的定位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的公司提供一個上市的市場。有 意投資者應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。GEM的較 高風險及其他特色表示GEM較適合專業及其他資深投資者。 由於GEM上市公司新興的性質所然，在GEM買賣的證券可能會較於主板買賣之證券承受較大的市場 波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示，概不就因本報告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承 擔任何責任。 1 香港聯合交易所有限公司（「聯交所」）GEM的特色 本報告的資料乃遵照聯交所的GEM ...