Financial Performance - For the nine months ended December 31, 2019, the group recorded revenue of approximately HKD 20,465,000, an increase of about 94.4% compared to HKD 10,525,000 for the same period in 2018[4] - The unaudited consolidated loss attributable to the owners of the company for the nine months ended December 31, 2019, was approximately HKD 11,702,000, a decrease from HKD 26,248,000 for the same period in 2018[4] - The gross profit for the nine months ended December 31, 2019, was HKD 18,992,000, compared to HKD 8,719,000 for the same period in 2018[7] - The total comprehensive loss for the nine months ended December 31, 2019, was HKD 11,935,000, compared to HKD 25,101,000 for the same period in 2018[9] - The group reported total revenue of HKD 22,882,000 for the nine months ended December 31, 2019, compared to HKD 9,347,000 for the same period in 2018, representing a growth of 144%[23] - The group reported a total income of HKD 7,423,000 for the three months ended December 31, 2019, compared to HKD 2,743,000 for the same period in 2018, an increase of 171%[23] - The company reported a loss attributable to owners of approximately HKD 803,000 for the three months ended December 31, 2019, and HKD 11,702,000 for the nine months ended December 31, 2019, compared to losses of approximately HKD 9,260,000 and HKD 26,248,000 for the same periods in 2018[175] - Other income and losses for the nine months ended December 31, 2019, amounted to approximately HKD 2,417,000, compared to a loss of HKD 1,178,000 in the same period of 2018, marking an increase of about 105.2%[190] Dividends and Recommendations - The board of directors does not recommend the payment of a dividend for the nine months ended December 31, 2019[5] - The company did not recommend the payment of dividends for the nine months ended December 31, 2019, consistent with the previous year[175] Revenue Sources - Revenue from financial information services was HKD 168,000 for the nine months ended December 31, 2019, down from HKD 746,000 in the same period of 2018, a decrease of 77%[23] - The group recognized rental income of HKD 1,560,000 for the nine months ended December 31, 2019, compared to HKD 1,189,000 for the same period in 2018, an increase of 31%[23] - The group’s income from advertising, investor relations, and brand promotion services was HKD 4,442,000 for the three months ended December 31, 2019, compared to HKD 1,703,000 for the same period in 2018, a growth of 161%[23] - Revenue from financial information, advertising, and investor relations services slightly decreased during the fiscal period[187] Expenses and Liabilities - The company incurred bank loan interest expenses of HKD 343,000 for the nine months ended December 31, 2019[172] - The company reported a tax expense of approximately HKD 99,000 for profits generated in Hong Kong for the three months ended December 31, 2019[173] - General and administrative expenses for the nine months ended December 31, 2019, were approximately HKD 32,232,000, a slight decrease of about 1% from HKD 32,590,000 in the same period of 2018[190] - The company’s total liabilities as of December 31, 2019, were reported at HKD 276,584,000[167] Assets and Financial Standards - The company’s total assets as of December 31, 2019, were reported at HKD 321,095,000[167] - The group expects that the adoption of Hong Kong Financial Reporting Standard 16 will lead to an increase in both assets and liabilities, affecting the timing of expense recognition[19] - The group has not yet applied new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective, and is currently assessing their potential impact[18] - The group has chosen to adopt the modified retrospective approach for the initial application of HKFRS 16, recognizing the cumulative effect without restating prior year comparative amounts[20] - The group anticipates that the transitional adjustments from the adoption of HKFRS 16 will not be significant[18] Business Operations and Strategy - The company primarily engages in providing financial information services and technology solutions in Hong Kong and Greater China[11] - The company has not disclosed any new product or technology developments in this report[4] - There are no mentions of market expansion or acquisitions in the current report[4] - The group plans to strengthen its sales and marketing teams to diversify revenue streams and enhance its market share in the media industry in mainland China and Hong Kong[193] - The investor relations business is expected to become a profitable segment for the group in the coming years, covering services for listed companies and pre-IPO tasks[193] - The group continues to expand its securities services, including portfolio management and private fund investment consulting, which is anticipated to generate significant management and performance fee income[194] Employment and Workforce - As of December 31, 2019, the group employed 81 full-time staff in Hong Kong and China, down from 105 as of March 31, 2019[199] - Employee expenses for the nine months ended December 31, 2019, totaled approximately HKD 18,967,000, a decrease from HKD 20,600,000 in the same period of 2018[199] Media and Investment Properties - The company’s media business, operated through Modern Television Limited, continues to grow, with the FinTV brand providing a significant driver for future business growth[183] - The company’s investment properties in China continue to provide stable income and positive contributions to financial performance[185]

Financial Performance - For the six months ended September 30, 2019, the group recorded revenue of approximately HKD 15,270,000, an increase of about 94.5% compared to HKD 7,851,000 for the same period in 2018[5] - The unaudited consolidated loss attributable to owners of the company for the six months ended September 30, 2019, was approximately HKD 10,900,000, compared to a loss of HKD 16,988,000 for the same period in 2018[5] - The group reported a gross profit of HKD 13,968,000 for the six months ended September 30, 2019, compared to HKD 6,465,000 for the same period in 2018[7] - The group incurred a loss before tax of HKD 11,633 thousand for the six months ended September 30, 2019, compared to a loss of HKD 16,800 thousand for the same period in 2018[40] - The company reported a loss attributable to owners of approximately HKD 2,468,000 for the three months ended September 30, 2019, and HKD 10,900,000 for the six months ended September 30, 2019, compared to losses of HKD 6,514,000 and HKD 16,988,000 for the same periods in 2018[58] Revenue Breakdown - Revenue from financial information services increased to HKD 100 thousand for the six months ended September 30, 2019, up from HKD 427 thousand in the same period of 2018[33] - Advertising, investor relations, and brand promotion service revenue surged to HKD 14,292 thousand for the six months ended September 30, 2019, compared to HKD 6,350 thousand in the previous year, marking a growth of 125.7%[33] - The company reported a total revenue of HKD 320,095,000 for the period, with a notable increase in user engagement metrics[16] Assets and Liabilities - Total assets as of September 30, 2019, amounted to HKD 125,461,000, an increase from HKD 120,723,000 as of March 31, 2019[11] - The total liabilities as of September 30, 2019, were HKD 66,147,000, compared to HKD 56,381,000 as of March 31, 2019[13] - The net asset value as of September 30, 2019, was HKD 57,314,000, a decrease from HKD 68,342,000 as of March 31, 2019[13] - The group’s total assets as of September 30, 2019, amounted to HKD 125,461 thousand, while total liabilities were HKD 68,147 thousand[46] Cash Flow and Financing - For the six months ended September 30, 2019, the net cash outflow from operating activities was HKD (8,812,000), compared to a net inflow of HKD 36,000 in the same period of 2018[19] - The net cash inflow from financing activities was HKD 14,618,000, a significant increase from a net outflow of HKD (1,141,000) in the previous year[19] - The total cash and cash equivalents at the end of the period increased to HKD 18,373,000 from HKD 17,904,000 year-on-year[19] - The group's cash and cash equivalents were approximately HKD 18,373,000 as of September 30, 2019, compared to HKD 12,749,000 as of March 31, 2019[86] Expenses - The group’s administrative expenses for the six months ended September 30, 2019, were HKD 24,968,000, compared to HKD 21,697,000 for the same period in 2018[7] - The company reported a total depreciation expense of HKD 1,953,000 for the six months ended September 30, 2019, compared to HKD 1,480,000 for the same period in 2018[53] - General and administrative expenses increased by approximately 15.1% to HKD 24,968,000 compared to HKD 21,697,000 in the previous year, primarily due to increased provisions for trade receivables and other operational costs[83] Corporate Governance - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO[120] - The audit committee consists of three independent non-executive directors, ensuring oversight of financial reporting and internal controls[114] - No major interests were held by directors or management in contracts significant to the group's business during the reporting period[116] Strategic Focus and Development - The company is focusing on expanding its financial information services and technology solutions in the Greater China region[21] - The company is actively pursuing new product development and technological advancements to enhance service offerings[21] - The company continues to implement its growth strategy in the Internet, mobile, and media sectors, focusing on the development of the "FinTV" brand[76] - The investment relations business is expected to become a profitable segment for the group in the coming years, covering services for listed companies and pre-IPO tasks[90] Employee and Shareholder Information - As of September 30, 2019, the group had 111 full-time employees, an increase from 105 as of March 31, 2019[96] - Major shareholder Ms. Lau holds 43,458,058 shares, representing approximately 6.57% of the total equity[104] - Pablos and Maxx Capital collectively own 343,997,678 shares, accounting for 51.61% of the total equity[104] - The company granted a total of 17,160,000 share options during the six months ended September 30, 2019[109]

手 財華社 FINET 財華社集團有限公司 (於百慕逵存續之有限公司) (股份代號: 08317) | --- | --- | |----------------------|-----------------------------| | | | | · 香港 • 深圳 · 北京 | | | | 財華盡顯 展望未來 | | | 第 一 季 度 報 告 2019/2020 | 香港聯合交易所有限公司（「聯交所」）GEM的特點 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中小 型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香港聯合交易所有限公司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 ...

Financial Performance - Revenue for the year ended March 31, 2019, was HKD 19,637,000, an increase from HKD 18,774,000 in 2018, representing a growth of 4.6%[16] - Loss attributable to owners of the company for the year was HKD (28,870,000), an improvement from a loss of HKD (35,814,000) in the previous year[16] - The group's revenue for the fiscal year ending March 31, 2019, was approximately HKD 19,637,000, representing an increase of about 4.6% compared to HKD 18,774,000 in the previous year[28] - The advertising and investor relations service revenue increased by approximately HKD 1,787,000, contributing to over 80% of total revenue, which grew by 13% year-on-year[19] - The group reported a net loss attributable to owners of approximately HKD 28,870,000, an improvement from a loss of HKD 35,814,000 in the previous year[34] Assets and Liabilities - Total assets as of March 31, 2019, were HKD 120,723,000, down from HKD 145,787,000 in 2018, indicating a decrease of 17.2%[16] - Total liabilities increased to HKD 52,381,000 in 2019 from HKD 42,335,000 in 2018, reflecting a rise of 23.8%[16] - Net asset value decreased to HKD 68,342,000 in 2019 from HKD 103,452,000 in 2018, a decline of 33.9%[16] - Cash and cash equivalents as of March 31, 2019, were HKD 12,749,000, down from HKD 20,331,000 in 2018, a decrease of 37.1%[16] - The net current assets decreased by 80.2% to HKD 4,373,000 from HKD 22,072,000[36] - Total equity decreased by approximately HKD 35,110,000 to about HKD 68,342,000, a reduction of about 33.9% from HKD 103,452,000[38] Operational Efficiency - The cost of sales decreased by approximately 19.3% to HKD 2,201,000 from HKD 2,726,000 in the previous year[33] - General and administrative expenses decreased by about 4.9% to approximately HKD 44,241,000 from HKD 46,523,000 in the previous year[33] - The group plans to increase IT investment to enhance marketing solutions and integrate various media resources effectively[21] Strategic Focus - The company continues to focus on expanding its financial information services and online trading business segments[6] - The group continues to expand its media business through the FinTV brand, which is expected to be a major driver of future growth[23] - The group is focusing on property investment, which continues to provide stable income and positively contributes to financial performance[25] - The group aims to leverage the advantages of the 5G era to enhance its market share and provide timely, professional information to enterprises and investors[21] Corporate Governance - The board of directors confirmed the accuracy and completeness of the financial report, ensuring no misleading information was presented[4] - The board held four formal meetings during the year ended March 31, 2019, with a 100% attendance rate from all executive and independent non-executive directors[114] - The audit committee, composed of three independent non-executive directors, held four meetings and reviewed the company's financial reporting procedures and internal control systems[122] - The board is committed to maintaining high standards of corporate governance, focusing on transparency and accountability to all shareholders[114] - The company has complied with the corporate governance code as per GEM listing rules, with some deviations noted regarding the roles of the chairman and CEO[114] Shareholder Information - The board of directors did not recommend a final dividend for the year ending March 31, 2019[90] - The company reported a reserve available for dividend distribution of approximately HKD 39,931,000 as of March 31, 2019, down from HKD 84,581,000 in 2018[172] - The board of directors did not recommend the payment of dividends for the fiscal year ending March 31, 2019, consistent with the previous year[171] Employee and Operational Metrics - The total employee cost for the year was approximately HKD 26.64 million, down from HKD 27.71 million in 2018[85] - The group had 105 full-time employees as of March 31, 2019, compared to 128 in 2018[84] Related Party Transactions - The company’s independent non-executive directors reviewed and confirmed that the related party transactions were conducted in the ordinary course of business and on normal commercial terms[198] - The auditor issued an unqualified opinion on the group’s related party transactions, confirming compliance with GEM Listing Rules[198]

Financial Performance - For the nine months ended December 31, 2018, the group recorded revenue of approximately HKD 10,525,000, a decrease of about 16.1% compared to HKD 12,545,000 for the same period in 2017[4] - The group reported an unaudited consolidated loss attributable to owners of the company of approximately HKD (26,248,000) for the nine months ended December 31, 2018[6] - The basic and diluted loss per share for the nine months ended December 31, 2018, was HKD (3.94), compared to HKD (4.65) for the same period in 2017[6] - The gross profit for the nine months ended December 31, 2018, was HKD 8,719,000, down from HKD 10,574,000 in the same period of 2017[6] - The total comprehensive loss for the nine months ended December 31, 2018, was HKD (25,101,000), compared to HKD (25,136,000) for the same period in 2017[8] - Revenue for the three months ended December 31, 2018, was HKD 2,743,000, a decrease of 40.7% compared to HKD 4,626,000 for the same period in 2017[17] - Total revenue for the nine months ended December 31, 2018, was HKD 9,347,000, down 57.8% from HKD 22,143,000 in the previous year[17] - The group reported a loss of HKD 1,178,000 for the nine months ended December 31, 2018, compared to a profit of HKD 9,598,000 in the previous year[17] - The company recorded a revenue of approximately HKD 10,525,000 for the nine months ended December 31, 2018, a decrease of about 16.1% compared to HKD 12,545,000 for the same period in 2017[64] - Other income and losses for the nine months ended December 31, 2018, resulted in a loss of approximately HKD 1,178,000, a significant decrease of about 112.3% compared to a gain of HKD 9,598,000 in 2017[64] - The company reported a tax expense of approximately HKD 231,000 for the nine months ended December 31, 2018, compared to HKD 107,000 in 2017, primarily due to net rental income from investment properties in China[45] Expenses and Costs - The group experienced a significant increase in selling and marketing expenses, totaling HKD (32,590,000) for the nine months ended December 31, 2018[6] - Administrative expenses shared income for the nine months ended December 31, 2018, was HKD 1,688,000, down from HKD 2,120,000 in the previous year[17] - The cost of sales for the nine months ended December 31, 2018, was approximately HKD 1,806,000, down 8.4% from HKD 1,971,000 in the previous year[64] - General and administrative expenses for the nine months ended December 31, 2018, were approximately HKD 32,590,000, a reduction of about 21.0% from HKD 41,243,000 in the previous year[65] - The financing cost for the nine months ended December 31, 2018, was approximately HKD 343,000, compared to HKD 6,902,000 for the same period in 2017, which included convertible bond interest expenses of about HKD 6,366,000 and bank loan interest expenses of about HKD 536,000[67] Dividends and Shareholder Information - The board of directors did not recommend the payment of a dividend for the nine months ended December 31, 2018[4] - The company did not recommend any dividend for the nine months ended December 31, 2018, consistent with the previous year[47] - As of December 31, 2018, the company had 666,538,774 issued ordinary shares with a par value of HKD 0.01 each[89] - Ms. Lau holds 43,458,058 shares, representing 65.27% of the total issued shares[88] - Maxx Capital and Pablos collectively own 343,997,678 shares, accounting for 51.61% of the total issued shares[88] - Broadgain International Limited holds 43,800,000 shares, which is 6.57% of the total issued shares[88] - Hong Kong Central Clearing and Settlement System holds 39,000,000 shares, representing 5.85% of the total issued shares[88] - The company has not repurchased any shares during the nine months ending December 31, 2018[101] - There are no unexercised share options or warrants as of December 31, 2018[92][93] Corporate Governance and Compliance - The company has complied with the corporate governance code, except for the separation of roles between the chairman and CEO due to a vacancy in the CEO position[104] - The audit committee consists of three independent non-executive directors, ensuring oversight of financial reporting and internal controls[98] - No significant contracts involving directors' interests were established during the nine months ending December 31, 2018[99] Business Operations and Market Conditions - The group is primarily engaged in providing financial information services and technology solutions in Hong Kong and Greater China[10] - The company continues to develop its "FinTV" brand, which is expected to be a major driver of future business growth[57] - The company faced challenges in improving its loan business due to intense market competition[60] - The company experienced a decrease in revenue from its securities and futures business due to reduced income from special administrative services related to stock processing[63] - The group relocated its PCB production activities to a newly renovated facility, which is expected to enhance production efficiency despite initial disruptions and increased production costs[75] - The group is closely monitoring the performance of its equity investments to mitigate potential financial risks associated with market fluctuations[77] Fair Value and Financial Assets - The group reported a fair value loss of HKD 2,899,000 on financial assets measured at fair value through profit or loss for the nine months ended December 31, 2018[17] - As of December 31, 2018, the group held financial assets measured at fair value with changes recognized in profit or loss amounting to approximately HKD 1,419,000, down from HKD 5,813,000 as of March 31, 2018[68] - The group recognized a loss of HKD 2,415,000 from the sale of 11,500,000 shares of Da Chang Micro Line Group Limited for the nine months ended December 31, 2018, compared to a gain of HKD 75,000 in 2017[69] Adoption of Accounting Standards - The group adopted HKFRS 15 from April 1, 2018, with no significant impact on financial performance[14] - The group has not yet applied new or revised HKFRS that have been issued but are not yet effective, and is currently assessing their potential impact[15]