Financial Performance - The group recorded unaudited revenue of approximately HKD 78.9 million for the six months ended September 30, 2019, an increase of about 0.9% compared to HKD 78.2 million for the same period in 2018[11]. - The group reported an unaudited loss of approximately HKD 5.2 million for the six months ended September 30, 2019, compared to a loss of HKD 5.1 million for the same period in 2018[11]. - Gross profit for the six months ended September 30, 2019, was HKD 12.66 million, compared to HKD 11.63 million for the same period in 2018, reflecting an increase of approximately 8.9%[12]. - The basic and diluted loss per share for the six months ended September 30, 2019, was HKD 1.3 cents, unchanged from the same period in 2018[12]. - The company reported a net loss of HKD 5,140,000 for the six months ended September 30, 2019, compared to a loss of HKD 5,125,000 for the same period in 2018, indicating a slight increase in losses[14]. - For the six months ended September 30, 2019, total revenue from goods sold was HKD 78,854,000, an increase from HKD 78,177,000 in the same period of 2018[59]. - The company's revenue from sales of goods for the six months ended September 30, 2019, was HKD 63,232,000, a decrease from HKD 64,060,000 in 2018, representing a decline of approximately 1.3%[10]. - Total comprehensive loss increased slightly from approximately HKD 5.1 million for the six months ended September 30, 2018, to approximately HKD 5.2 million for the six months ended September 30, 2019, primarily due to increased personnel costs[112]. Cash Flow and Liquidity - The group’s cash and cash equivalents decreased to HKD 26.42 million as of September 30, 2019, from HKD 39.47 million as of March 31, 2019[13]. - Cash used in operating activities for the six months ended September 30, 2019, was HKD 12,625,000, significantly higher than HKD 4,625,000 in the previous year, reflecting increased operational costs[16]. - The company’s cash balance at the end of the reporting period was HKD 14,945,000, down from HKD 40,457,000 at the end of September 2018[18]. - The company reported a net cash outflow from financing activities of HKD 12,796,000 for the six months ended September 30, 2019, compared to a net inflow of HKD 39,037,000 in the previous year[16]. - The company’s investment activities generated a net cash inflow of HKD 906,000 for the six months ended September 30, 2019, compared to a net cash outflow of HKD 465,000 in the previous year[16]. Assets and Liabilities - The total assets less current liabilities amounted to HKD 48.32 million as of September 30, 2019, down from HKD 53.43 million as of March 31, 2019[13]. - The group’s total equity attributable to owners decreased to HKD 47.92 million as of September 30, 2019, from HKD 53.07 million as of March 31, 2019[13]. - The total non-current assets as of September 30, 2019, were HKD 11,613,000, down from HKD 12,475,000 as of March 31, 2019[59]. - The total amount of trade payables as of September 30, 2019, was HKD 10,375,000, a decrease from HKD 13,523,000 as of March 31, 2019, representing a decline of approximately 23.8%[80]. - The bank borrowings as of September 30, 2019, were HKD 11,769,000, a decrease from HKD 12,691,000 as of March 31, 2019[81]. - The debt-to-equity ratio was 24.6% as of September 30, 2019, compared to 23.9% as of March 31, 2019, indicating a stable financial condition[117]. Expenses - The group incurred administrative expenses of HKD 14.22 million for the six months ended September 30, 2019, compared to HKD 7.32 million for the same period in 2018, indicating an increase of approximately 94.5%[12]. - The total employee costs for the six months ended September 30, 2019, amounted to HKD 11,603,000, significantly higher than HKD 4,801,000 in 2018, indicating an increase of approximately 142%[10]. - The total finance costs for the six months ended September 30, 2019, were HKD 399,000, an increase from HKD 238,000 in the same period of 2018[63]. - Financing costs rose by approximately 67.6%, from about HKD 0.2 million for the six months ended September 30, 2018, to approximately HKD 0.4 million for the six months ended September 30, 2019, attributed to increased bank borrowings for operational funding[109]. - Income tax expenses decreased by approximately 89.4%, from about HKD 490,000 for the six months ended September 30, 2018, to approximately HKD 53,000 for the six months ended September 30, 2019, consistent with a reduction in taxable profits[111]. Revenue Sources - Revenue from the United States for the six months ended September 30, 2019, was HKD 47,169,000, up from HKD 44,593,000 in 2018, reflecting a growth of approximately 3.9%[56]. - Customer A's revenue decreased to HKD 22,005,000 for the six months ended September 30, 2019, from HKD 28,700,000 in 2018, representing a decline of about 23.3%[54]. - Total revenue from jackets accounted for 50.6% of total revenue in 2019, down from 58.5% in 2018[94]. - The sales volume of finished products decreased to 738,553 units for the six months ended September 30, 2019, compared to 742,913 units for the same period in 2018[97]. - The average selling price of outerwear increased by 13.6% to HKD 174.7 in 2019 from HKD 153.8 in 2018[99]. Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated results for the six months ending September 30, 2019, and found them compliant with applicable accounting standards and GEM listing rules[150]. - The company has adopted and complied with the corporate governance code as per GEM listing rules, with a noted deviation regarding the separation of the roles of chairman and CEO[145]. - The company has appointed a compliance advisor, and as of September 30, 2019, there were no interests held by the advisor or its associates in the company's securities[144]. - The company has adopted a code of conduct for securities transactions by directors, which complies with the required standards of the GEM listing rules[146]. - The company has not disclosed any significant contracts entered into by directors or their close associates that would be material to the group's business during the six months ending September 30, 2019[138]. Risks and Future Plans - The group faces major risks including customer credit risk and reliance on key customers, which could adversely affect its business and financial performance[133]. - The group plans to establish a local office in Australia to expand its market presence in the coming months[131]. - The group is adopting a cautious approach in utilizing the net proceeds due to the ongoing US-China trade disputes, which have significantly impacted its operations[131]. - The group has incurred significant adverse effects due to the ongoing trade disputes, leading to a prudent and conservative approach in its business development plans[132]. - The group will continue to monitor operational performance closely and may adjust the timing and scope of the application of net proceeds as necessary[132].

century 第一季度業績報告 2019 香港聯合交易所有限公司（「聯交所」）GEM的特色 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。有意投資的人土應了解投資於該等公司的潛在風 險，並應經過審慎周詳考慮後方作出投資決定。 i.century Holding Limited 愛世紀集團控股有限公司 (於開曼群島註冊成立之有限公司) 股份代號 : 8507 由於GEM上市公司通常為中小型公司，於GEM買賣的證券可能會較於聯交所主板 買賣之證券承受較大的市場波動風險，同時無法保證於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，概不對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的任何損失承擔任何責任。 本報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有關 愛世紀集團控股有限公司（「本公司」，連同其附屬公司，統稱「本集團」或「我們」） 的資料，本集團董事（「董事」）願就本報告的資料共同及個別地承擔全部責任。各 董事在作出一 ...

i.century Holding Limited 愛世紀集團控股有限公司 (於開曼群島註冊成立之有限公司) 股份代號 : 8507 century 年 報 2019 i.century Holding Limited 愛世紀集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) Stock Code : 8507 ANNUAL REPORT 2019 i.century Holding Li d 愛世紀集團控股有限公 司 Annual Report 2019 年報 century mite 香港聯合交易所有限公司（「聯交所」）GEM的特色 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。有意投資的人土應了解投資於該等公司的潛在風險，並應經過審慎周詳考慮後方作出投資決定。 由於GEM上市公司通常為中小型公司，於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，同時無法保證於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年報之內容概不 ...

Financial Performance - The company recorded unaudited revenue of approximately HKD 95.9 million for the nine months ended December 31, 2018, a decrease of about 0.5% compared to HKD 96.3 million for the same period in 2017[6] - The unaudited loss for the nine months ended December 31, 2018, was approximately HKD 9.6 million, compared to an unaudited profit of HKD 1.2 million for the same period in 2017[6] - For the three months ended December 31, 2018, the company reported unaudited revenue of HKD 17.7 million, down from HKD 26.5 million in the same period of 2017, representing a decline of approximately 33.5%[7] - The gross profit for the nine months ended December 31, 2018, was HKD 14.4 million, down from HKD 22.8 million in the same period of 2017, indicating a decrease of about 36.8%[7] - The company reported a basic and diluted loss per share of HKD 0.024 for the nine months ended December 31, 2018, compared to a profit of HKD 0.004 for the same period in 2017[7] - The company reported a loss attributable to owners of approximately HKD 9.6 million for the nine months ended December 31, 2018, compared to a profit of HKD 1.2 million for the same period in 2017[30] - The company’s pre-tax loss for the nine months ended December 31, 2018, was HKD 9.6 million, compared to a pre-tax profit of HKD 1.2 million for the same period in 2017[30] - Gross profit decreased to approximately HKD 14.4 million for the nine months ended December 31, 2018, down from HKD 22.8 million in 2017, resulting in a gross margin decline from 23.7% to 15.0%[41] Expenses and Costs - Administrative expenses increased significantly to HKD 13.1 million for the nine months ended December 31, 2018, compared to HKD 5.6 million for the same period in 2017, reflecting an increase of approximately 133.7%[7] - The company’s employee costs, including director remuneration, amounted to HKD 9.6 million for the nine months ended December 31, 2018, compared to HKD 5.6 million for the same period in 2017[21] - Cost of sales increased by approximately 10.8% to HKD 81.5 million for the nine months ended December 31, 2018, from HKD 73.6 million in the same period of 2017, aligning with the increase in total sales volume[39] - Other income fell by approximately 69.4% to HKD 0.2 million in 2018 from HKD 0.6 million in 2017, primarily due to the absence of trade claims[42] - Administrative expenses surged by approximately 131.7% to HKD 13.1 million for the nine months ended December 31, 2018, compared to HKD 5.6 million in the same period of 2017, driven by increased legal and professional fees post-IPO[46] Shareholder Information - The total equity attributable to the owners of the company as of December 31, 2018, was HKD 58.3 million, an increase from HKD 19.1 million at the end of 2017[8] - Major shareholders, Mr. Leung Kwok Hung and Ms. Tam Suk Fan, each hold a 70% interest in Giant Treasure, which owns 280,000,000 shares[59] - As of December 31, 2018, the company has issued ordinary share capital of HKD 4,000,000, divided into 400,000,000 shares with a par value of HKD 0.01 each[56] Dividends - The board of directors did not recommend any dividend for the nine months ended December 31, 2018, consistent with the previous year[6] - The company did not recommend the payment of dividends for the nine months ended December 31, 2018, and 2017[24] Market and Operational Strategy - The company primarily provides supply chain management services in the apparel sector, following its restructuring in March 2018[11] - The average selling price of the company's two main products, jackets and pullovers, decreased, contributing to the decline in revenue[30] - The average selling price of products decreased by 15.3% to HKD 110.1 in 2018 from HKD 130.0 in 2017, with significant drops in the average prices of jackets and pullovers[36] - The company anticipates continued challenges in growth rates due to rising costs and geopolitical pressures from potential trade wars and tariffs, impacting sales and gross margins[53] - The company plans to establish representative offices in the United States and France, and a quality control office in China to diversify production bases and enhance operational capabilities[53] - The board believes that maintaining competitive pricing and excellent relationship management will help retain existing customers and increase market share[53] Corporate Governance - The company has adopted corporate governance policies in compliance with GEM Listing Rules to ensure transparency and accountability[66] - The audit committee was established on March 20, 2018, in compliance with GEM Listing Rules, consisting of three independent non-executive directors[69] - The audit committee reviewed the unaudited consolidated results for the nine months ended December 31, 2018, and confirmed compliance with applicable accounting standards and GEM Listing Rules[69] - The chairman and CEO positions are held by the same individual, Mr. Leung Kwok Hung, since 2008, which the board believes provides strong and consistent leadership[68] Other Information - The company completed its listing on the GEM of the Hong Kong Stock Exchange on April 16, 2018, raising a total of HKD 58 million through the issuance of 100 million shares[10] - The total sales volume for the nine months ended December 31, 2018, was 871,339 units, an increase from 741,090 units in the same period of 2017, representing a growth of approximately 17.6%[35] - The company has not engaged in any purchase, sale, or redemption of its listed securities since the date of listing[61] - No significant events occurred after December 31, 2018, that would materially affect the company's operations and financial performance[67]