Financial Performance - For the nine months ended September 30, 2019, the group recorded unaudited revenue of approximately RMB 584 million, a decrease of about 23.3% compared to RMB 761 million for the same period in 2018[5]. - The group reported an unaudited loss of approximately RMB 1.8 million for the nine months ended September 30, 2019, compared to an unaudited profit of RMB 0.5 million for the same period in 2018[5]. - Basic loss per share for the nine months ended September 30, 2019, was RMB 0.23, compared to basic earnings of RMB 0.06 for the same period in 2018[5]. - Revenue for the three months ended September 30, 2019, was RMB 18.314 million, down from RMB 25.938 million for the same period in 2018[9]. - Gross profit for the nine months ended September 30, 2019, was RMB 18.279 million, compared to RMB 23.473 million for the same period in 2018[9]. - The group’s loss before tax for the nine months ended September 30, 2019, was RMB 861, compared to a profit of RMB 2,054 for the same period in 2018[9]. - Revenue from customer contracts for the nine months ended September 30, 2019, was RMB 58,449,000, a decrease of 23.2% compared to RMB 76,085,000 for the same period in 2018[53]. - Sales of printed products amounted to RMB 23,655,000, down 28.7% from RMB 33,156,000 in the previous year[53]. - Revenue from garment manufacturers was RMB 44,964,000, a decline of 23.6% from RMB 58,909,000 in 2018[57]. - Major customer A contributed RMB 12,068,000 to total sales, down 23.0% from RMB 15,841,000 in the previous year[60]. - For the nine months ended September 30, 2019, the company's revenue was approximately RMB 58.4 million, a decrease of 23.3% compared to RMB 76.1 million for the same period in 2018[73]. - The gross profit for the nine months ended September 30, 2019, was approximately RMB 18.3 million, down about 22.1% from RMB 23.5 million in the same period of 2018, resulting in a gross margin increase from 30.9% to 31.3%[76]. Dividends and Shareholder Information - The board of directors resolved not to declare an interim dividend for the nine months ended September 30, 2019, consistent with the previous year[5]. - The company did not declare an interim dividend for the nine months ended September 30, 2019, consistent with the same period in 2018[67]. - The major shareholder, Mr. Lin, holds 600 million shares, representing 75% of the company's equity[93]. Administrative and Operating Expenses - The group incurred administrative expenses of RMB 16.092 million for the nine months ended September 30, 2019, down from RMB 18.886 million for the same period in 2018[9]. - Distribution and selling expenses decreased slightly to approximately RMB 3.7 million for the nine months ended September 30, 2019, from RMB 3.8 million in the same period of 2018[77]. - Administrative expenses were reduced to approximately RMB 16.1 million for the nine months ended September 30, 2019, from RMB 18.9 million in the same period of 2018, due to cost-cutting measures[78]. New Business Initiatives - The group established a wholly-owned subsidiary named RN Crypto (BVI) Company Limited, aimed at collaborating with partners in the blockchain business[18]. - The company plans to explore new business opportunities, including selling waist products through different channels and providing blockchain services[75]. - The company will focus more resources on exploring potential customers in China and overseas apparel brands to expand sales and improve profitability[75]. Financial Reporting Standards - The group prepared the unaudited consolidated financial statements for the nine months ended September 30, 2019, in accordance with Hong Kong Financial Reporting Standards[19]. - The financial statements were presented in Renminbi, which is the functional currency of the company[19]. - The application of new Hong Kong Financial Reporting Standards did not have a significant impact on the financial position and performance of the group for the current and prior periods[29]. - The group adopted HKFRS 16 on leases, which replaced HKAS 17 and related interpretations[30]. - The company has not made adjustments under the new Hong Kong Financial Reporting Standards 16 for leases that end within 12 months from the initial application date[51]. - The company has chosen not to recognize right-of-use assets and lease liabilities for leases that end within 12 months from the initial application date[51]. Capital Expenditure and Investments - The net proceeds from the listing, after deducting related expenses, were approximately HKD 37.6 million (equivalent to about RMB 32.7 million)[86]. - The total planned amount for upgrading production facilities and digital printing technology is HKD 37.6 million, with actual usage at HKD 12.4 million, leaving a balance of HKD 25.2 million[88]. - The company has allocated HKD 17.0 million for upgrading printing technology, with HKD 1.8 million utilized so far, resulting in a remaining balance of HKD 15.2 million[88]. - HKD 3.0 million has been earmarked for developing RFID technology capabilities, with no funds used yet, leaving a full balance of HKD 25 million[88]. - The company plans to enhance heat transfer production facilities with a budget of HKD 6.0 million, of which HKD 4.1 million has been spent, leaving HKD 1.9 million remaining[88]. - An investment of HKD 5.3 million is designated for upgrading IT systems, with HKD 2.1 million utilized, resulting in a remaining balance of HKD 3.2 million[88]. - The sales and marketing department expansion has a budget of HKD 3.0 million, with HKD 0.8 million spent, leaving HKD 2.2 million available[88]. - General working capital has an allocation of HKD 3.3 million, with HKD 3.1 million used, leaving a balance of HKD 0.2 million[88]. - The actual usage of funds is lower than planned due to the time taken to identify suitable machinery for digital printing and RFID technology[89]. - The company aims to continue its production line upgrades and development in the future based on market conditions[89]. Audit and Compliance - The Audit Committee was established on June 24, 2017, and consists of three independent non-executive directors[128]. - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the nine months ended September 30, 2019, and confirmed compliance with applicable accounting standards and GEM listing rules[128]. - The company appointed Tongren Financing Limited as a compliance advisor on March 7, 2017, with no interests in the company's equity[125].

Financial Performance - For the six months ended June 30, 2019, the group recorded unaudited revenue of approximately RMB 40.1 million, a decrease of about 20.0% compared to RMB 50.1 million for the same period in 2018[5]. - The group reported an unaudited loss of approximately RMB 1.7 million for the six months ended June 30, 2019, compared to an unaudited loss of RMB 0.4 million for the same period in 2018[5]. - Basic loss per share for the six months ended June 30, 2019, was RMB 0.21, compared to RMB 0.05 for the same period in 2018[5]. - Gross profit for the six months ended June 30, 2019, was RMB 12.6 million, down from RMB 15.9 million for the same period in 2018, reflecting a decrease in gross margin[10]. - The group incurred a total comprehensive loss of RMB 1.7 million for the six months ended June 30, 2019[22]. - For the six months ended June 30, 2019, the company reported a loss attributable to owners of the company of RMB 1,657,000 (compared to a loss of RMB 384,000 for the same period in 2018)[90]. - The gross profit for the same period was approximately RMB 12.6 million, down about 21.3% from RMB 15.9 million in the previous year, resulting in a slight decrease in gross margin from 31.8% to 31.4%[132]. Dividend and Equity - The board of directors resolved not to declare an interim dividend for the six months ended June 30, 2019, consistent with the previous year[5]. - The group’s total equity as of June 30, 2019, was RMB 70.1 million, a decrease from RMB 71.8 million as of December 31, 2018[19]. - The group did not declare an interim dividend for the six months ended June 30, 2019, compared to no dividend declared for the same period in 2018[89]. Assets and Liabilities - Total assets less current liabilities as of June 30, 2019, were RMB 70.1 million, compared to RMB 71.8 million as of December 31, 2018[18]. - Non-current assets as of June 30, 2019, amounted to RMB 17.7 million, down from RMB 20.2 million as of December 31, 2018[14]. - Current assets as of June 30, 2019, were RMB 62.9 million, slightly up from RMB 62.2 million as of December 31, 2018[14]. - As of June 30, 2019, the group's net current assets were approximately RMB 52.5 million, an increase from RMB 51.6 million as of December 31, 2018[139]. - The current ratio as of June 30, 2019, was approximately 6.0, compared to 5.9 as of December 31, 2018[139]. - The group had no outstanding loans or borrowings as of June 30, 2019, resulting in a debt-to-asset ratio of zero[140]. Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2019, was RMB 808,000, compared to a net cash used of RMB 1,402,000 in the same period of 2018, indicating a significant improvement[26]. - The net cash used in investing activities was RMB 808,000, a decrease from RMB 1,863,000 in the previous year, reflecting reduced capital expenditures[26]. - The net increase in cash and cash equivalents was RMB 1,616,000, compared to a decrease of RMB 3,265,000 in the same period last year, showing a positive cash flow trend[26]. - The cash and cash equivalents at the end of the period amounted to RMB 43,294,000, up from RMB 41,373,000 at the end of the previous year[26]. - The initial cash and cash equivalents were RMB 41,723,000, down from RMB 44,638,000 in the previous year, indicating a decrease in available cash at the start of the period[26]. - The company reported a foreign exchange impact of RMB (45,000) on cash and cash equivalents, which reflects currency fluctuations during the period[26]. Revenue Breakdown - Revenue from product type one for the six months ended June 30, 2019, was RMB 40,136,000, a decrease of 20.2% compared to RMB 50,147,000 for the same period in 2018[69]. - Revenue from the clothing manufacturing segment was RMB 31,143,000 for the six months ended June 30, 2019, down from RMB 37,859,000 in 2018, representing a decline of 17.7%[74]. - Major customer A contributed RMB 8,516,000 to total sales for the six months ended June 30, 2019, compared to RMB 11,288,000 in 2018, reflecting a decrease of 24.5%[77]. - The company reported a total revenue of RMB 40,136,000 for the six months ended June 30, 2019, which includes various product sales[68]. Expenses - The total employee costs, including directors' remuneration, amounted to RMB 13,211,000 for the six months ended June 30, 2019, compared to RMB 17,843,000 in 2018[85]. - Distribution and selling expenses decreased from approximately RMB 2.5 million in the previous year to about RMB 2.3 million, despite a decline in revenue[133]. - Administrative expenses were reduced from approximately RMB 13.2 million to about RMB 11.4 million due to cost-cutting measures implemented during the period[134]. - The company incurred a tax expense of RMB 680,000 for the six months ended June 30, 2019, down from RMB 935,000 in the same period of 2018[82]. - Total employee benefit expenses for the six months ended June 30, 2019, were approximately RMB 13.2 million, down from RMB 17.8 million for the same period in 2018[155]. Corporate Governance - The company maintains high standards of corporate governance, adhering to the GEM Listing Rules and ensuring shareholder interests are protected[187]. - The Audit Committee was established on June 24, 2017, consisting of three independent non-executive directors, with responsibilities including reviewing financial statements and overseeing the financial reporting system[194]. - The Audit Committee has reviewed the interim report, including unaudited interim financial information, and confirmed compliance with applicable accounting standards and GEM Listing Rules[194]. Future Plans and Market Outlook - The company plans to invest more resources in exploring potential customers in China and overseas apparel brands to expand sales and improve profitability[131]. - The group anticipates stable growth in the apparel accessories market despite intense price competition and rising labor and material costs[158]. Compliance and Reporting - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with local regulations[31]. - The application of new accounting standards did not have a significant impact on the financial performance or disclosures for the current and prior periods[42]. - The company has applied the new Hong Kong Financial Reporting Standard 16, which has impacted the accounting policies related to lease liabilities and right-of-use assets[66]. - The company has chosen not to recognize right-of-use assets and lease liabilities for leases that end within 12 months from the initial application date of January 1, 2019[67]. Employee Information - The group employed 277 full-time employees as of June 30, 2019, a decrease from 336 employees as of June 30, 2018[155].

Financial Performance - For the three months ended March 31, 2019, the group recorded unaudited revenue of approximately RMB 19.5 million, a decrease of about 9.7% compared to RMB 21.6 million for the same period in 2018[5] - The group reported an unaudited loss of approximately RMB 2.0 million for the three months ended March 31, 2019, compared to an unaudited loss of RMB 1.2 million for the same period in 2018[5] - Basic loss per share for the three months ended March 31, 2019, was RMB 0.25, compared to RMB 0.14 for the same period in 2018[5] - Gross profit for the three months ended March 31, 2019, was RMB 5.6 million, down from RMB 6.9 million for the same period in 2018[9] - The group's gross profit decreased by approximately 18.8% to about RMB 5.6 million for the three months ended March 31, 2019, down from approximately RMB 6.9 million in the same period of 2018[42] - The gross profit margin fell from approximately 32.1% for the three months ended March 31, 2018, to about 29.0% for the same period in 2019[42] - Revenue from the clothing manufacturing sector contributed RMB 15,947,000, accounting for approximately 81.9% of total revenue[26] - The company’s revenue from printed products was RMB 8,191,000, a decrease of 13.7% from RMB 9,496,000 in the previous year[26] Expenses - Selling and distribution expenses for the three months ended March 31, 2019, were RMB 1.1 million, slightly reduced from RMB 1.2 million in the same period of 2018[9] - Administrative expenses increased to RMB 6.6 million for the three months ended March 31, 2019, compared to RMB 6.5 million for the same period in 2018[9] - Distribution and selling expenses were approximately RMB 1.1 million for the three months ended March 31, 2019, slightly down from RMB 1.2 million in the same period of 2018[43] - Administrative expenses increased slightly to approximately RMB 6.6 million for the three months ended March 31, 2019, from about RMB 6.5 million in the same period of 2018[44] Dividend - The board of directors resolved not to declare an interim dividend for the three months ended March 31, 2019, consistent with the same period in 2018[5] - The company did not declare an interim dividend for the three months ended March 31, 2019, compared to no dividend declared for the same period in 2018[32] - No interim dividend was declared for the three months ended March 31, 2019, consistent with the same period in 2018[51] Equity and Ownership - The total equity as of March 31, 2019, was RMB 69.7 million, down from RMB 74.5 million as of January 1, 2018[13] - As of March 31, 2019, Neo Concept holds 600,000,000 shares, representing a 75% ownership stake in the company[65] - The company did not purchase, sell, or redeem any shares during the three-month period ending March 31, 2019[67] Compliance and Governance - The financial statements for the three months ended March 31, 2019, were prepared in accordance with Hong Kong Financial Reporting Standards[18] - The company applies new and revised Hong Kong Financial Reporting Standards, which may lead to potential changes in asset classification[24] - The company has complied with the corporate governance code in all material aspects during the three-month period ending March 31, 2019[72] - The audit committee reviewed the unaudited condensed consolidated financial statements for the three months ending March 31, 2019, and found them to comply with applicable accounting standards[77] Operations - The group primarily engages in label solutions and garment accessories manufacturing and supply in China[18] - The company continues to serve a large number of clothing brand companies and designated procurement companies in China[38] - The company’s operations are primarily located in China, with most non-current assets and capital expenditures also in China[28] - The company is focused on providing label solutions and one-stop garment accessory manufacturing services[38] Future Plans - The net proceeds from the listing, after deducting related expenses, were approximately HKD 37.6 million[52] - The actual use of proceeds was lower than planned mainly due to the time required to identify suitable machinery for digital printing technology and RFID technology[57] - The group plans to invest in upgrading production facilities and developing digital printing technology, with a budget of HKD 17.0 million allocated for this purpose[53]