Financial Performance - Total revenue from continuing operations for the nine months ended September 30, 2020, was approximately HKD 1,694,500,000, an increase of about 58.8% compared to HKD 1,067,300,000 for the same period in 2019[4] - The profit before tax from continuing operations for the nine months was approximately HKD 641,000,000, a significant turnaround from a loss of HKD 44,100,000 in the same period of 2019[4] - Profit attributable to equity holders of the company for the nine months was approximately HKD 638,000,000, compared to a loss of HKD 48,800,000 in the same period of 2019[4] - Earnings per share from continuing operations for the nine months was approximately HKD 49.54, compared to a loss of HKD 3.79 in the same period of 2019[10] - Total comprehensive income for the nine months was approximately HKD 616,619,000, compared to a loss of HKD 72,691,000 in the same period of 2019[10] - The company reported a profit attributable to equity holders of approximately HKD 664,460,000 for the three months ended September 30, 2020, compared to a loss of HKD 13,169,000 in the same period of 2019[38] - The company recorded a profit from continuing operations of approximately HKD 640,700,000, compared to a loss of HKD 44,300,000 in 2019[50] Revenue and Business Segments - Revenue from trade business and petrochemical product storage for Q3 2020 was HKD 432,490,000, up from HKD 300,158,000 in Q3 2019, representing a 44% increase[26] - For the nine months ended September 30, 2020, total revenue reached HKD 1,694,533,000, compared to HKD 1,067,274,000 for the same period in 2019, marking a 59% growth[26] - Revenue from trading activities increased to approximately HKD 1,683,700,000, up 58.8% from HKD 1,062,000,000 in 2019, primarily due to increased trade in medical and food disinfection products related to COVID-19[45] - Revenue from petrochemical storage business rose by approximately 105.7% to about HKD 10,900,000, compared to HKD 5,300,000 in 2019, driven by increased storage demand due to falling international oil prices[46] Costs and Expenses - The group reported a gross profit of approximately HKD 11,609,000 for the nine months, down from HKD 17,387,000 in the same period of 2019[7] - Administrative expenses decreased to approximately HKD 26,711,000 for the nine months, compared to HKD 37,381,000 in the same period of 2019[7] - The group’s financing costs decreased to approximately HKD 33,176,000 for the nine months, down from HKD 41,574,000 in the same period of 2019[7] - The gross profit margin from continuing operations decreased to approximately 0.7%, down from 1.6% in 2019, as revenue growth was lower than the increase in cost of revenue[49] - Financing costs decreased by approximately 20.2% to about HKD 33,200,000, down from HKD 41,600,000 in 2019, mainly due to partial repayment of loans from Jiangsu Dafeng[49] Dividends and Equity - The board of directors did not recommend any interim dividend for the period, consistent with the previous year[36] - The total equity as of September 30, 2020, was HKD 614,280,000, reflecting a decrease from HKD 616,619,000 in the previous year[18] - The total equity attributable to equity holders decreased to approximately HKD 353,200,000 as of September 30, 2020, down from HKD 967,500,000 as of December 31, 2019[54] - The board did not recommend any interim dividend for the period, consistent with 2019[55] Market and Operational Challenges - The company anticipates continued challenges due to ongoing US-China conflicts and the impact of COVID-19 on global economic activities, which may hinder productivity and logistics services[66] - The company will prudently monitor its business segments and optimize resources to maintain shareholder interests amid adverse external conditions[66] Corporate Governance and Compliance - The company has adopted a code of conduct for securities trading, adhering to GEM listing rules, with no known violations during the reporting period[88] - The company is committed to maintaining high corporate governance standards, having complied with all provisions of the GEM Corporate Governance Code during the reporting period[89] - The audit committee, established in August 2013, reviews financial statements and oversees internal control procedures, ensuring compliance with applicable accounting standards[90] Financing and Investments - The company utilized bank financing and other borrowings for business expansion, with collateralized borrowings amounting to approximately HKD 288,700,000 as of September 30, 2020[56] - The company has not issued or granted any convertible securities, warrants, or similar rights as of September 30, 2020[71] - There were no major investments, acquisitions, or disposals of subsidiaries or associates during the reporting period[62] - The company did not purchase, sell, or redeem any of its listed securities during the period[80] Shareholding Structure - The shareholding structure indicates that Dafeng Port Overseas and Jiangsu Dafeng each hold 740,040,000 shares, representing 57.46% of the issued share capital[75] - Jiangsu Dafeng now holds a significant influence over Dafeng Port Overseas, owning 57.46% of the shares[61] - The board of directors operates independently from Jiangsu Dafeng, ensuring no conflicts of interest in decision-making processes[85]

Dafeng Port Heshun Technology Company Limited 大豐港和順科技股份有限公司 (於開曼群島註冊成立的有限公司) 胎份代號 : 8310 中期報告 2020 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市 的公司帶有較高投資風險。有意投資的人士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。 由於GEM上市公司普遍為中小型公司，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依賴該等 內容而引致之任何損失承擔任何責任。 本報告之資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）之規定而刊載，旨在提 供有關大豐港和順科技股份有限公司（「本公司」）之資料，本公司各董事（「董事」）願就本 報告共同及個別地承擔全部責任。各董事在作出一切合理查詢後確認， ...

Financial Performance - Total revenue for the first quarter of 2020 was approximately HKD 292.3 million, a decrease of about 38.4% compared to HKD 474.4 million in the same period of 2019[4] - The pre-tax loss for the period was approximately HKD 20.1 million, a reduction of about 22.1% from a pre-tax loss of HKD 25.8 million in the same period of 2019[4] - Loss attributable to equity holders of the company was approximately HKD 20.3 million, down about 31.2% from HKD 29.5 million in the same period of 2019[4] - Basic and diluted loss per share for the period was approximately HKD 1.58, compared to HKD 2.29 in the same period of 2019[5] - The gross loss for the period was approximately HKD 5.3 million, compared to a gross profit of HKD 2.1 million in the same period of 2019[8] - The total comprehensive loss for the period was approximately HKD 18.1 million, compared to a total comprehensive loss of HKD 4.0 million in the same period of 2019[8] - Trade business revenue was approximately HKD 290,300,000, down from HKD 469,900,000 in 2019, primarily due to the impact of COVID-19 and the US-China trade war[46] - Integrated logistics services revenue was HKD 292,000, a significant decline from HKD 2,421,000 in 2019, attributed to adverse effects from COVID-19 and ongoing trade tensions[47] Expenses and Income - Administrative expenses decreased to approximately HKD 6.1 million from HKD 14.1 million in the same period of 2019[8] - Other income for the period was approximately HKD 4.2 million, compared to HKD 0.4 million in the same period of 2019[8] - The cost of sales decreased by approximately 37.0% to about HKD 297,600,000 (2019: HKD 472,300,000), primarily influenced by the decline in trade business revenue[52] Dividends and Shareholder Information - The company did not recommend any interim dividend for the period, consistent with the previous year[38] - The group did not recommend any interim dividend for the period (2019: none)[57] - As of March 31, 2020, the major shareholder, Da Feng Port Overseas, holds 740,040,000 shares, representing approximately 57.46% of the company's issued share capital[75] - Jiang Wen and Li Qiuhua each hold 73,350,000 shares, accounting for 5.69% of the company's issued share capital[75] Market Conditions and Future Outlook - The group faced significant macroeconomic challenges due to the COVID-19 pandemic, which adversely affected business development[44] - The company continues to explore new strategies for market expansion and product development to improve future performance[4] - The group anticipates significant challenges ahead due to ongoing U.S.-China conflicts and the COVID-19 pandemic, which may hinder global economic activities[65] Corporate Governance - The audit committee reviewed the first-quarter financial statements, which were not audited by the company's auditor but were deemed compliant with applicable accounting standards and regulations[91] - The board expresses gratitude to management, employees, business partners, customers, and shareholders for their contributions and support[95] - The board consists of a mix of executive, non-executive, and independent non-executive directors, including Chairman Tao Ying and several other key members[95] Other Information - The company has not adopted any new or revised Hong Kong Financial Reporting Standards that would have a significant impact on its financial performance[27] - There were no significant investments or acquisitions during the period[64] - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[83] - The company believes that the business of Jiangsu Dafeng Group does not pose a significant competitive threat due to differing product types and target customers[84] - The report is dated May 13, 2020, indicating the company's commitment to transparency and timely communication[95]

Macroeconomic Challenges - The Group faced severe macroeconomic challenges during the year ended December 31, 2019, significantly impacting business development [17]. - The China-USA trade war intensified, leading to tariffs on goods imported from China, negatively affecting the Group's trading and import/export operations [18]. - The Group's overall business environment was severely affected by the macroeconomic conditions and the ongoing China-USA trade tensions [22]. Regulatory Changes - The VAT rate in the PRC was reduced from April 1, 2019, with the original 16% tax rate adjusted to 13% and the 10% tax rate adjusted to 9%, impacting pricing advantages in the import/export market [19]. - The adjustment of the value-added tax rates in China, effective April 1, 2019, has led to a decrease in export rebates, impacting the trading business [23]. - The Jiangsu Province Government's regulatory changes aim to reduce the number of chemical plants to 1,000 by the end of 2022, which has significantly impacted the Group's terminal handling and petrochemical storage business [26]. Business Performance - The Group's trading business recorded revenue of approximately HK$1,502.1 million for the year, a decrease from HK$4,160.0 million in the previous year, primarily due to high operational risks and the impact of the China-USA trade war [33]. - Revenue from the integrated logistics handling and relevant supporting services business was approximately HK$7.1 million, down from HK$201.1 million in the previous year, attributed to the acquisition of Jiangsu Hairong and the explosion incident in the chemical industry park [37]. - The Group's revenue decreased by approximately 63.6% to approximately HK$1,517.1 million for the Year, down from approximately HK$4,169.5 million in 2018 [48]. Financial Results - The Group's cost of revenue decreased by approximately 64.0% to approximately HK$1,516.2 million for the Year, compared to approximately HK$4,205.9 million in 2018 [49]. - The Group recorded a gross profit margin of approximately 0.1% for the Year, an improvement from a gross loss margin of approximately 0.9% in 2018 [50]. - The Group recorded a net impairment loss on goodwill and other assets of approximately HK$848.6 million for the Year, significantly higher than approximately HK$45.6 million in 2018 [56]. - The Group's loss for the Year was approximately HK$945.0 million, compared to a loss of approximately HK$174.0 million in 2018 [57]. Current Financial Position - As of 31 December 2019, the Group had net current liabilities of approximately HK$788.5 million, an increase from approximately HK$591.2 million in 2018 [58]. - The Group's current ratio as of 31 December 2019 was approximately 0.57, down from approximately 0.72 in 2018 [59]. - The total deficit attributable to equity holders of the Company was approximately HK$967.5 million as of December 31, 2019, compared to approximately HK$6.4 million in 2018 [64]. Operational Changes - A major explosion at a chemical plant in Jiangsu Province led to emergency responses and the closure of the industrial park, prompting safety inspections and potential shutdowns of chemical plants nationwide [20]. - The explosion incident on March 21, 2019, led to numerous chemical companies being shut down or rectified, further declining business volume for Jiangsu Hairong [40]. - The decrease in trading revenue was also influenced by many customers adopting a wait-and-see attitude due to changes in the value-added tax affecting export rebates [36]. Management and Governance - The company has a strong leadership team with diverse backgrounds in finance, management, and industry-specific expertise, contributing to strategic decision-making [102]. - The Group is focused on expanding its market presence and enhancing operational efficiency through strategic appointments and management practices [100]. - The company is committed to maintaining high corporate governance standards and has complied with all provisions of the Corporate Governance Code during the year [200]. Employee and Staffing - As of December 31, 2019, the Group employed a total of 195 employees, an increase from 128 employees in 2018 [88]. - Total staff costs for the year amounted to approximately HK$25.8 million, down from approximately HK$29.1 million in 2018, reflecting a decrease of about 11.3% [88]. Shareholder Information - The Group's largest customer accounted for approximately 16.0% of total revenue, while the five largest customers accounted for 46.5% [126]. - The Group's largest supplier accounted for approximately 24.7% of total purchases, while the five largest suppliers accounted for 65.2% [126]. - No final dividend was recommended for the Year, consistent with the previous year [125].

Financial Performance - Total revenue for the nine months ended September 30, 2019, was approximately HKD 1,072,000,000, a decrease of about 65.3% compared to HKD 3,090,500,000 for the same period in 2018[5] - The pre-tax loss for the period was approximately HKD 67,200,000, a reduction of about 14.8% from the pre-tax loss of HKD 78,900,000 in the same period of 2018[5] - Loss attributable to equity holders for the period was approximately HKD 71,900,000, an increase of about 2.6% compared to HKD 70,100,000 in the same period of 2018[5] - Basic loss per share for the period was approximately HKD 5.58, compared to HKD 5.44 for the same period in 2018[5] - The gross loss for the nine months was approximately HKD 4,446,000, compared to a gross loss of HKD 1,891,000 in the same period of 2018[10] - Total comprehensive loss for the nine months was approximately HKD 72,691,000, compared to HKD 115,028,000 in the same period of 2018[16] - The company reported a loss from continuing operations of approximately HKD 67,350,000 for the nine months ended September 30, 2019[12] - The company experienced a significant decrease in revenue, indicating challenges in its operational performance and market conditions[5] - Revenue from trade business for the three months ended September 30, 2019, was approximately HKD 1,061,952,000, a decrease of 65.5% compared to HKD 3,084,337,000 in the same period of 2018[47] - Revenue from integrated logistics services for the three months ended September 30, 2019, was approximately HKD 4,682,000, a decrease of 96.1% compared to HKD 120,400,000 in the same period of 2018[66] - The company reported a loss attributable to equity holders of approximately HKD 21,811,000 for the three months ended September 30, 2019, compared to a loss of HKD 21,164,000 in the same period of 2018[58] - The basic loss per share for the three months ended September 30, 2019, was HKD (1.69), compared to HKD (1.64) in the same period of 2018[58] Strategic Adjustments and Future Outlook - The financial results reflect ongoing strategic adjustments and potential market expansion efforts[5] - Future outlook and guidance were not explicitly detailed in the provided content, indicating a need for further clarification in subsequent communications[5] - The company is focusing on expanding its market presence and enhancing its product offerings in response to the competitive landscape[29] - The company has indicated plans for future product development and technological advancements to drive growth[29] - The management provided guidance for the upcoming quarter, anticipating continued challenges in revenue generation but optimistic about long-term recovery strategies[29] Accounting and Financial Structure - The company has adopted new accounting standards effective from January 1, 2019, which include HKFRS 16, impacting the recognition of lease liabilities and right-of-use assets[30] - The company reported a significant increase in lease liabilities, amounting to HKD 4,758 million as of January 1, 2019, under the new accounting standards[39] - The company’s capital structure remains stable with a total equity of HKD 12,880 million as of September 30, 2019[25] - The company incurred finance costs of HKD 41,897,000 for the nine months ended September 30, 2019, compared to HKD 21,075,000 in the same period of 2018[48] - The company’s tax expense for the nine months ended September 30, 2019, was HKD 138,000, compared to HKD 268,000 in the same period of 2018[54] - The group recorded a loss of approximately HKD 67,400,000 compared to a loss of HKD 79,000,000 in 2018, with a loss per share of approximately HKD 0.0558[73] - As of September 30, 2019, the total equity attributable to the company's equity holders was approximately HKD -85,200,000, compared to HKD -6,400,000 at the end of 2018[74] Corporate Governance - The company is committed to maintaining high standards of corporate governance and has adhered to all provisions of the corporate governance code during the reporting period[114] - The board of directors has expressed gratitude to management, employees, business partners, customers, and shareholders for their ongoing support[120] - The company will continue to review its corporate governance practices to enhance standards and meet regulatory requirements[114] - The audit committee was established on August 3, 2013, and consists of independent non-executive directors, ensuring compliance with GEM listing rules[115] - The third quarter financial statements were reviewed by the audit committee and deemed compliant with applicable accounting standards and legal requirements[115] Market and Operational Challenges - The company is currently undergoing resource restructuring after the acquisition of Jiangsu Hairong, which was completed in December 2018, impacting the logistics service revenue[66] - The user data indicated a significant loss in the gaming segment, with a reported loss of HKD 74,063 million for the nine months ending September 30, 2019[21] - The company experienced a net loss of HKD 112,733 million in the healthcare segment for the nine months ending September 30, 2019, compared to a loss of HKD 9,151 million in the previous year[21] - The total assets of the company as of September 30, 2019, were reported at HKD 55,585 million, a decrease from HKD 84,300 million in the previous year[21] - The group's revenue decreased by approximately 65.3% to about HKD 1,072,000,000 compared to HKD 3,090,500,000 in 2018[72] - The group's sales cost decreased by approximately 65.5% to about HKD 1,073,800,000 from HKD 3,114,200,000 in 2018[72] - The gross loss margin fell to approximately 0.2% from 0.8% in 2018, primarily due to high fixed costs in logistics and petrochemical storage[72] - Financing costs increased by approximately 98.6% to about HKD 41,900,000 from HKD 21,100,000 in 2018[73] - The group did not recommend any interim dividend for the period, consistent with 2018[75] - The group completed the sale of 51% of Gamma Logistics for HKD 4,150,000 on January 10, 2019[85] - The group plans to leverage its geographical advantages to develop Jiangsu Hairong into a diversified entity providing integrated logistics, petrochemical storage, and trading services[86] - As of September 30, 2019, the group had no significant contingent liabilities[87] Shareholder Information - Major shareholders include Dafeng Port Overseas, Jiangsu Dafeng, and Dafeng District People's Government, each holding 740,040,000 shares, representing approximately 57.46% of the issued share capital[98] - Jiang Wen holds a beneficial interest in 75,550,000 shares, accounting for 5.87% of the issued share capital[98] - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[107] - The board believes that the business of Jiangsu Dafeng Group does not pose a significant competitive threat to the company due to different target customers and product types[111] - The company has a stock option plan that has not granted, exercised, or canceled any options since its adoption in August 2013, with no unexercised options as of September 30, 2019[92]

Dafeng Port Heshun Technology Company Limited 㣐鞮度ㄤ갫猰䪮肆⟨剤ꣳⰗ 倴剋纈䃋鏽ⱁ䧭用涸剤ꣳⰗ 肆⟨➿贫 : 8310 中期報 香港聯合交易所有限公司GEM之特色 GEM之定位，乃為相比起其他在香港聯合交易所有限公司（「聯交所」）上市之公司帶有較高 投資風險之公司提供上市之市場。有意投資之人士應了解投資於該等公司之潛在風險，並應 經過審慎周詳之考慮後方作出投資決定。GEM之較高風險及其他特色表示GEM較適合專業 及其他經驗豐富投資者。 由於GEM上市公司新興之性質所然，在GEM買賣之證券可能會較於主板買賣之證券承受較 大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 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。 本報告之資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關大 豐港和順科技股份有限公司（「本公司」）之資料，本公司各董事（「董事」）願就本報告之資料共 同及個別地承 ...

Dafeng Port Heshun Technology Company Limited 大豐港和順科技股份有限公司 (於開曼群島註冊成立的有限公司) 股份代號 : 8310 OTA 一季度業績報告 策 香港聯合交易所有限公司GEM之特色 GEM之定位,乃為相比越其他在香港聯合交易所有限公司(「聯交所 J)上市之公司帶有較高 投資風險之公司提供上市之市場。有意投資之人士應了解投資於該等公司之潛在風險,並應 經過審慎周詳考慮後方作出投資決定 · GEM之較高風險及其他特色表示GEM較適合專業及 其他經驗豐富投資者。 由於GEM上市公司之新興性質所然,在GEM 買賣之證券可能會較於主板買賣之證券承受較 大之市場波勳風險,同時無法保證在 GEM 買賣之證券會有高流通量之市場。 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依賴該等內容而引 致之任何損失承擔任何責任。 本報告之資料乃遵照聯交所GEM證券上市規則(「GEM上市規則」之規定而刊載·旨在提供 有關大豐港和順科技股份有限公司([本公司])之資料·本公司各董事 ...

Dafeng Port Heshun Technology Company Limited 大豐港和順科技股份有限公司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號 : 8310 ANNUAL CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED GEM has been positioned as a market designed to accommodate companies to which a higher investment risk may be attached than other companies listed on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Prospective investors should be aware of the potential risks of ...