Financial Performance - The company's revenue for the year ended March 31, 2022, increased by 70.6% to HKD 408,175,000 compared to HKD 239,233,000 in the previous year[7] - The gross loss decreased by 67.5%, amounting to HKD (9,356,000) compared to HKD (28,820,000) in the prior year[7] - Loss before tax reduced by 47.0% to HKD (42,059,000) from HKD (79,350,000) year-on-year[7] - The loss attributable to shareholders decreased by 42.8% to HKD (41,729,000), compared to HKD (72,946,000) in the previous year[7] - The operating loss for the year was HKD 21,486,000, significantly improved from a loss of HKD 70,036,000 in the previous year[12] - The net loss for the year was HKD 42,152,000, a reduction of 42.8% from HKD 73,752,000 in 2021[12] - The company reported a basic and diluted loss per share of HKD 1.03, an improvement from HKD 1.80 in the previous year[13] - The company reported a net loss attributable to shareholders of HKD 41,729,000 in 2022, an improvement from a loss of HKD 72,946,000 in 2021[58] - Net loss decreased by approximately 42.9% to about HKD 42,100,000 for the year ended March 31, 2022, compared to HKD 73,800,000 in 2021[84] Assets and Liabilities - Total assets increased by 22.1% to HKD 213,481,000 from HKD 174,911,000 year-on-year[7] - Cash and cash equivalents decreased by 36.2% to HKD 42,560,000 from HKD 66,743,000 in the previous year[7] - Total liabilities increased by 15.6% to HKD 598,789,000 compared to HKD 518,104,000 in the prior year[7] - The equity attributable to shareholders decreased by 12.1% to HKD (386,796,000) from HKD (345,104,000) year-on-year[7] - Current liabilities increased to HKD 571,257,000 from HKD 466,305,000, reflecting a rise of 22.5%[15] - The company’s total liabilities increased to HKD 598,789,000 from HKD 518,104,000, an increase of 15.5%[16] - The group reported a total equity deficit of approximately HKD 386.8 million as of March 31, 2022, compared to HKD 345.1 million as of March 31, 2021, primarily due to net losses during the year[91] - As of March 31, 2022, the group's current liabilities net amount was approximately HKD 379.7 million, an increase from HKD 315.6 million as of March 31, 2021, with cash reserves of approximately HKD 42.6 million[93] Revenue Sources - For the fiscal year ending March 31, 2022, the company reported external customer revenue of HKD 408,175,000 from civil engineering services, with a total loss before tax of HKD 42,059,000[38] - All revenue for the year ended March 31, 2022, was derived from civil engineering services, with no advertising revenue from media and advertising business, which was HKD 34,800,000 in the previous year[69] - The company undertook ten contracts during the year, with the main sources of revenue being contracts CV/2016/10 and 1002EM19A, generating approximately HKD 98,900,000 and HKD 87,900,000, accounting for about 24.2% and 21.5% of total revenue, respectively[66] - The company’s subcontractor revenue increased significantly to HKD 270,263,000 in 2022, accounting for 66.2% of total revenue, compared to HKD 103,380,000 and 50.6% in 2021[69] Operational Challenges and Strategies - The company is in discussions with its major shareholder for financial support to maintain ongoing operations, including deferring repayment of approximately HKD 257,030,000 in convertible notes and related interest of approximately HKD 64,128,000[29] - The company is actively considering fundraising activities to raise new capital, including rights issues and public offerings[29] - The company plans to transition its media and advertising business from traditional television platforms to various internet and digital media platforms to adapt to changing industry trends[67] - The company will maintain a cautious approach and closely monitor economic and market conditions to adjust its operations as necessary in response to future challenges[67] - The company plans to continue diversifying its business scope and expanding its revenue base despite challenges in the construction industry due to COVID-19[86] - The construction service business remains a major contributor to the company's revenue, providing stable income amidst economic uncertainties[86] Cost Management - Service costs increased by approximately 55.8% to about HKD 417,500,000 for the year ended March 31, 2022, compared to HKD 268,100,000 in 2021[71] - Administrative expenses decreased by approximately 32.9% to about HKD 17,500,000 for the year ended March 31, 2022, down from HKD 26,000,000 in 2021[79] - Financing costs increased to HKD 20,573,000 in 2022 from HKD 9,314,000 in 2021, a rise of 120.8%[52] - Financing costs increased by approximately 120.9% to about HKD 20,600,000 for the year ended March 31, 2022, compared to HKD 9,300,000 in 2021[80] Audit and Reporting - The company has not completed the audit procedures for the fiscal year ending March 31, 2022, due to COVID-19 social distancing measures[115] - The unaudited financial results for the year ending March 31, 2022, have not been approved by the company's auditor[118] - The company expects to publish its annual report by July 31, 2022, or earlier[118] - The audit committee has reviewed the unaudited annual results and has no objections to the accounting treatments adopted[115] - The company will issue further announcements regarding the audited results and any significant differences from the unaudited results[116] - The audit committee consists of independent non-executive directors with appropriate professional qualifications and experience in accounting matters[114] - The company has established an audit committee to oversee financial reporting and internal control systems[112] - The chairman of the audit committee is Mr. Wang Zhongye, an independent non-executive director[113] Shareholder Information - The board did not recommend the distribution of a final dividend for the year ended March 31, 2022[104] - Shareholders and potential investors are advised to exercise caution when trading the company's securities due to the unaudited financial information[118]

Financial Performance - The Group's revenue for the nine months ended December 31, 2021, increased by approximately 27.2% to approximately HK$219.0 million compared to approximately HK$172.1 million in 2020[8]. - The Group's loss for the nine months ended December 31, 2021, decreased by approximately 29.4% to approximately HK$46.4 million from approximately HK$65.8 million in 2020[8]. - Basic loss per share attributable to the owners of the Company for the nine months ended December 31, 2021, was approximately HK1.13 cents, down from approximately HK1.60 cents in 2020[8]. - Total comprehensive loss for the period attributable to owners of the Company was approximately HK$45.8 million for the nine months ended December 31, 2021, compared to HK$65.0 million in 2020[12]. - The Group reported a loss before income tax of approximately HK$42.6 million for the nine months ended December 31, 2021, compared to a loss of approximately HK$70.3 million in 2020[11]. - The Group incurred an unaudited net loss of approximately HK$46,444,000 during the nine months ended 31 December 2021[26]. - The Group's cost of services increased by approximately 17.2% to approximately HK$233.6 million, up from approximately HK$199.4 million in the previous year[99]. - The gross loss for the Period decreased by approximately 46.4% to approximately HK$14.6 million, with a gross loss margin of approximately 6.7%[100]. - For the nine months ended 31 December 2021, the company reported a consolidated loss of approximately HK$45,794,000, compared to a loss of approximately HK$65,037,000 for the same period in 2020, representing a 29.7% improvement[76]. Dividends and Share Capital - The Board does not recommend the payment of any dividend for the nine months ended December 31, 2021[8]. - The share capital remained unchanged at HK$4,055,000 as of 31 December 2021[26]. - The share premium was reported at HK$1,238,195,000 as of 31 December 2021[26]. - The company did not recommend any dividend for the three months and nine months ended 31 December 2021, consistent with the previous year[72]. Current Liabilities and Financial Position - As of 31 December 2021, the Group had unaudited net current liabilities of approximately HK$345,495,000 and unaudited net liabilities of approximately HK$389,628,000[26]. - The convertible notes issued by the Company in the principal amount of approximately HK$257,030,000 were overdue as of the reporting date[26]. - As at 31 December 2021, total equity was reported at approximately HK$(389,628,000)[26]. - The accumulated losses increased to approximately HK$1,689,800,000 as of 31 December 2021[26]. Operational Performance - Revenue recognized for the nine months ended December 31, 2021, was HK$219,025,000 from construction works, compared to HK$137,850,000 for the same period in 2020, representing a growth of 59%[41]. - The reportable segment results for civil engineering services showed a loss of HK$21,455,000 for the nine months ended December 31, 2021, compared to a loss of HK$30,813,000 in the same period of 2020, indicating an improvement[56]. - The media and advertising business reported a loss of HK$1,507,000 for the nine months ended December 31, 2021, compared to a loss of HK$13,966,000 in the same period of 2020, reflecting a significant reduction in losses[56]. - The Group's media and advertising business faced challenges due to the ongoing COVID-19 pandemic and has adjusted its strategy to focus on digital platforms[90]. - The Group aims to explore new business opportunities to enhance profitability and core competitiveness[91]. Cost Management and Efficiency - The Group plans to implement operational plans to control costs and generate adequate cash flows from operations[37]. - The Group plans to optimize resources to improve operational efficiency across its business divisions[91]. - The Group will implement cost-saving measures and closely monitor construction procedures to improve project management efficiency[127]. Corporate Governance and Compliance - The company is committed to high standards of corporate governance, having applied the principles of the Code on Corporate Governance Practices, with some deviations noted[178]. - The company has established an Audit Committee to oversee financial reporting and internal controls since August 11, 2010[190]. - The company has confirmed that all Directors complied with the required standards of dealings throughout the review period[179]. - The company has adopted a code of conduct for securities transactions by Directors, ensuring compliance with GEM Listing Rules, with no reported non-compliance during the review period[177]. Future Outlook and Strategies - The Group remains prudently optimistic about the long-term prospects of its core businesses and will continue to explore new opportunities to diversify its business profile[134]. - The Group aims to generate synergy between different business segments to bring better value to shareholders[134]. - The Group aims to enhance brand awareness and integrate various resources to seek business opportunities that can improve profitability and financial performance[132]. - The Group is shifting its focus from traditional television advertising to internet and multimedia advertising platforms to create synergies with well-known partners in the media industry[132].

CHARACTERISTICS OF THE GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed on GEM are generally sm ...

CHARACTERISTICS OF THE GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed on GEM are generally sm ...

Given that the companies listed on GEM are generally small and mid-sized companies, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board of the Stock Exchange and no assurance is given that there will be a liquid market in the securities traded on GEM. CHARACTERISTICS OF THE GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a high ...

CNC HOLDINGS LIMITED 中國新華電視控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） Stock code 股份代號: 8356 THIRD QUARTERLY REPORT 2020/2021 第三季度報告 CHARACTERISTICS OF THE GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential ...

Hong Kong Exchanges and Clearing Limited and the Stock Exchange take no responsibility for the contents of this report, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this report. This report, for which the directors (the "Directors") of CNC Holdings Limited (the "Company") collectively and individually accept full responsibility, includes particulars gi ...

中國新華電視控股有限公司 CNC HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） Stock code 股份代號: 8356 2020/21 FIRST QUARTERLY REPORT 第一季度報告 CNC HOLDINGS LIMITED 中國新華電視控股有限公司 CHARACTERISTICS OF THE GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors s ...

CNC HOLDINGS LIMITED 中國新華電視控股有限公司 This announcement, for which the directors (the "Directors") of CNC Holdings Limited (the "Company") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of the Stock Exchange (the "GEM Listing Rules") for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and beli ...

CNC HOLDINGS LIMITED 中國新華電視控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） Stock code 股份代號: 8356 THIRD QUARTERLY REPORT 第三季度報告 CHARACTERISTICS OF THE GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of i ...