Financial Performance - For the three months ended June 30, 2022, the Group reported revenue of RMB 6,284,000, a decrease of 39.8% compared to RMB 10,391,000 for the same period in 2021[13]. - For the six months ended June 30, 2022, the Group's revenue was RMB 10,419,000, down 31.2% from RMB 15,187,000 in the same period of 2021[13]. - The Group's net loss attributable to owners for the six months ended June 30, 2022, was RMB 602,000, compared to a profit of RMB 1,861,000 for the same period in 2021[13]. - The total comprehensive loss attributable to owners for the six months ended June 30, 2022, was RMB 808,000, compared to a total comprehensive income of RMB 1,880,000 for the same period in 2021[13]. - Revenue decreased by approximately RMB 4.8 million or 31% to about RMB 10.4 million for the six months ended June 30, 2022, compared to approximately RMB 15.2 million for the same period in 2021[61]. - The company reported a net loss of approximately RMB 0.6 million for the six months ended June 30, 2022, compared to a net profit of approximately RMB 1.9 million for the same period in 2021, primarily due to decreased revenue impacted by COVID-19[57]. Assets and Equity - As of June 30, 2022, the Group's total assets were RMB 102,886,000, a slight decrease from RMB 104,044,000 as of December 31, 2021[15]. - The Group's total equity as of June 30, 2022, was RMB 89,104,000, down from RMB 89,912,000 as of December 31, 2021[15]. - Cash and cash equivalents as of June 30, 2022, were approximately RMB 93.6 million, compared to RMB 92.9 million as of December 31, 2021[70]. Expenses - The Group's employee benefit expenses for the six months ended June 30, 2022, were RMB 5,836,000, an increase of 18.3% from RMB 4,934,000 for the same period in 2021[13]. - The Group's depreciation expenses for the six months ended June 30, 2022, were RMB 296,000, compared to RMB 151,000 for the same period in 2021[13]. - The company incurred current tax expenses of RMB 111 thousand for the six months ended June 30, 2022, compared to RMB 1,167 thousand for the same period in 2021, a decrease of approximately 90%[42]. - Employee benefits expenses increased by approximately RMB 0.9 million or 18% to about RMB 5.8 million for the six months ended June 30, 2022, due to an increase in the number of employees[63]. Revenue Breakdown - Revenue from event management services for the six months ended June 30, 2022, was RMB 4,626 thousand, down from RMB 4,846 thousand in the same period of 2021, representing a decline of 4.5%[37]. - Revenue from design and production services for the same period was RMB 5,793 thousand, a decrease of 44% from RMB 10,341 thousand in 2021[37]. Cash Flow - Operating cash generated was RMB 1,335 thousand, significantly down from RMB 13,108 thousand in the previous year, resulting in a net cash from operating activities of RMB 568 thousand compared to RMB 12,127 thousand in 2021[30]. Shareholder Information - The company’s major shareholders, Mr. Zhou and Ms. Song, each hold a 52.5% equity interest in the company through QY Investment Holding Limited[97]. - Major shareholders include QY with 420,000,000 shares (52.5%) and SRU Investment Limited with 120,000,000 shares (15.0%) as of June 30, 2022[100]. Corporate Governance - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ending June 30, 2022, confirming compliance with applicable accounting standards and GEM Listing Rules[114]. - The company has adopted corporate governance practices in line with the GEM Listing Rules to enhance shareholder value and accountability[109]. - The company aims to maintain high standards of corporate governance to protect and enhance shareholder interests[109]. Future Plans and Developments - The company is seeking suitable properties in Yixing City for a new headquarters to support business expansion[82]. - The company has established new subsidiaries in Wuxi and Beijing, completing office renovations and acquiring new equipment to support operations[85]. - The marketing team has expanded by hiring 8 additional employees to capture customer demand during the economic recovery[89]. - The company has decided to postpone the recruitment plan for the multimedia production and design team due to the impact of the pandemic on the marketing services market[91].

Financial Performance - The group's revenue for the three months ended March 31, 2022, was RMB 4,135,000, a decrease of 13.8% compared to RMB 4,796,000 for the same period in 2021[3] - Other income for the same period was RMB 69,000, down 81.3% from RMB 368,000 in the previous year[3] - The total loss before tax for the period was RMB 540,000, compared to a profit of RMB 1,031,000 in the prior year[3] - The net loss attributable to the owners of the company for the period was RMB 546,000, compared to a profit of RMB 583,000 in the same period last year[3] - Basic and diluted loss per share for the period was RMB (0.07), compared to earnings of RMB 0.07 per share in the previous year[3] - The group reported a net loss of RMB 582,000 due to employee benefits expenses, which increased from RMB 2,445,000 in the previous year to RMB 3,121,000[3] - The total comprehensive loss for the period was RMB 546,000, compared to a total comprehensive income of RMB 583,000 in the same period last year[5] - The company reported a net loss of approximately RMB 0.6 million for the three months ended March 31, 2022, compared to a net profit of approximately RMB 0.6 million for the same period in 2021[25] - Revenue decreased by approximately RMB 0.7 million or 13.8% to approximately RMB 4.1 million for the three months ended March 31, 2022, down from approximately RMB 4.8 million for the same period in 2021[28] - Employee benefit expenses increased by approximately RMB 0.7 million or 27.6% to approximately RMB 3.1 million for the three months ended March 31, 2022, compared to approximately RMB 2.4 million for the same period in 2021[30] - The company recorded an expected credit loss reversal of approximately RMB 0.7 million for trade receivables for the three months ended March 31, 2022, compared to approximately RMB 0.4 million for the same period in 2021[31] - Other operating expenses increased from approximately RMB 0.5 million for the three months ended March 31, 2021, to approximately RMB 0.6 million for the same period in 2022[32] - The company did not recommend any dividend payment for the three months ended March 31, 2022, consistent with the previous year[35] Shareholder Information - As of March 31, 2022, the company’s major shareholders include QY Investment Holding Limited, holding 420,000,000 shares, representing 52.5% of the total equity[39] - SRU Investment Limited and Mr. Fan Yajun each hold 120,000,000 shares, accounting for 15.0% of the total equity[39] Corporate Governance - The company has adopted corporate governance practices in line with GEM Listing Rules, ensuring compliance and enhancing shareholder value[46] - The audit committee reviewed the financial results for the three months ended March 31, 2022, confirming adherence to applicable accounting standards and regulations[51] - The company’s board of directors confirmed compliance with trading standards during the reporting period[43] - No conflicts of interest or competitive activities were reported among the board members and major shareholders during the three months ended March 31, 2022[45] - The company’s executive directors include Mr. Zhou Yang and Ms. Song Ruiqing, with independent directors ensuring governance oversight[51] - The company is committed to enhancing its corporate governance framework to protect and promote shareholder interests[46] Market Impact - The company experienced a decrease in project numbers due to the impact of COVID-19, leading to reduced marketing expenditures by major clients[25] - The company will continue to assess the impact of the pandemic on its operations and financial performance, monitoring related risks and uncertainties[26] Other Financial Information - The company's interest income decreased to RMB 69,000 for the three months ended March 31, 2022, from RMB 368,000 for the same period in 2021[3] - The company's project costs remained consistent with revenue during the reporting periods[29] - No stock options were granted, exercised, expired, or lapsed during the three months ended March 31, 2022[42] - There were no purchases, sales, or redemptions of the company's listed securities during the three months ended March 31, 2022[47]

Financial Performance - The company recorded a revenue of RMB 30.183 million in the fiscal year 2021, an increase of 37% compared to RMB 22.061 million in 2020[8]. - The net loss for the fiscal year 2021 was approximately RMB 0.768 million, a reduction from a net loss of RMB 1.812 million in 2020[12]. - Basic and diluted loss per share for fiscal year 2021 was RMB 0.10, compared to RMB 0.23 in 2020, indicating an improvement in financial performance[12]. - Total assets as of December 31, 2021, amounted to RMB 105.004 million, slightly up from RMB 103.816 million in 2020[9]. - Total liabilities increased to RMB 15.092 million in 2021 from RMB 13.187 million in 2020[9]. - The company maintained a total equity of RMB 89.912 million in 2021, a slight decrease from RMB 90.629 million in 2020[9]. - The company reported a gross profit of RMB 17.777 million in 2021, up from RMB 12.587 million in 2020, indicating improved profitability[8]. - The company recorded a net loss of approximately RMB 0.8 million for the fiscal year 2021, a decrease from a net loss of RMB 1.8 million in fiscal year 2020, representing a reduction of about 57.6%[31]. - Total revenue increased from approximately RMB 22.1 million in fiscal year 2020 to approximately RMB 30.2 million in fiscal year 2021, an increase of about RMB 8.1 million or 36.8%[21]. Revenue Breakdown - Revenue from event management services rose by approximately 45.8% from RMB 7.0 million in fiscal year 2020 to RMB 10.2 million in fiscal year 2021, accounting for 33.7% of total revenue[22]. - Revenue from design and production services increased by approximately 32.7% from RMB 15.1 million in fiscal year 2020 to RMB 20.0 million in fiscal year 2021, representing 66.3% of total revenue[22]. - Other income decreased from approximately RMB 881,000 in fiscal year 2020 to approximately RMB 322,000 in fiscal year 2021, a decline of about 63.5%[23]. Operational Costs - Employee benefits expenses rose to RMB 12.633 million in 2021, compared to RMB 10.307 million in 2020, reflecting increased operational costs[8]. - Project costs increased from approximately RMB 9.5 million in fiscal year 2020 to approximately RMB 12.4 million in fiscal year 2021, an increase of about RMB 2.9 million or 30.9%[24]. - Employee benefits expenses rose from approximately RMB 10.3 million in fiscal year 2020 to approximately RMB 12.6 million in fiscal year 2021, an increase of about RMB 2.3 million or 22.6%[27]. Cash and Equity - As of December 31, 2021, the company's cash and cash equivalents were approximately RMB 92.9 million, up from RMB 43.5 million in 2020[34]. - The company had no interest-bearing debt as of December 31, 2021, resulting in a debt-to-equity ratio of 0%[38]. - The issued share capital of the company was RMB 5.6 million, with 800,000,000 ordinary shares at a par value of USD 0.001 per share as of December 31, 2021[42]. Future Outlook and Strategy - The company remains cautious about future operations due to ongoing challenges from the COVID-19 pandemic and its variants, impacting marketing service demand[17]. - The company plans to establish new subsidiaries in Wuxi and Beijing, having already completed the renovation of the new office in Wuxi and commenced operations in the fiscal year 2020[49]. - The company is continuously evaluating its business objectives and strategies in response to market conditions to stimulate growth[78]. - The company has allocated HKD 12.6 million for establishing new subsidiaries in Wuxi and Beijing, with full utilization expected by December 31, 2022[77]. Employee and Workforce - A total of 22 employees were hired to support the operations of the Wuxi subsidiary, including 3 business managers and 17 event managers/designers[49]. - The group employed 90 employees as of December 31, 2021, compared to 59 employees in the previous year, representing a growth of 52.5%[91]. - Employee turnover during the reporting period was 12 individuals, representing a turnover rate of 13.3%[162]. - The total employee cost for the fiscal years 2020 and 2021 was approximately RMB 10.3 million and RMB 12.6 million, respectively, reflecting a year-over-year increase of about 23.5%[91]. Environmental, Social, and Governance (ESG) Initiatives - Environmental, social, and governance (ESG) initiatives are being prioritized, with a commitment to reduce carbon emissions by HH% over the next five years[118]. - The company has established key performance indicators (KPIs) to measure the effectiveness of its ESG policies, ensuring accountability and transparency[117]. - The company has implemented energy-saving measures, including the use of energy-efficient equipment and encouraging employees to turn off unnecessary lighting and equipment, aiming to reduce electricity consumption[144]. - The company has adopted a 4-R principle (Reduce, Reuse, Replace, Recycle) in its waste management practices to minimize waste generation[138]. - The company is committed to reducing its carbon and ecological footprint by using durable and low-carbon materials in its operations[137]. - The company aims to enhance environmental awareness among employees and business partners while pursuing green and paperless operations[138]. - The company has complied with all applicable environmental protection laws and regulations, with no significant fines or legal actions related to environmental issues during the reporting period[125]. Compliance and Risk Management - The board has ensured compliance with applicable laws and regulations, with no deviations or violations reported during the fiscal year[87]. - The group faced credit risk primarily influenced by the characteristics of individual customers and the industries they operate in[81]. - The group has not encountered any significant events that could impact its operations since December 31, 2021[92]. - The company has no significant contingent liabilities or pending litigation that could adversely affect its business or financial condition as of December 31, 2021[40]. Customer Engagement and Feedback - The company actively seeks customer feedback to improve service efficiency and quality[180]. - The management team emphasized the importance of stakeholder engagement, aiming to enhance communication and collaboration with all parties involved[116].

Financial Performance - The company reported revenue of RMB 6,381,000 for the three months ended September 30, 2021, representing a 166% increase compared to RMB 2,401,000 in the same period of 2020[4]. - For the nine months ended September 30, 2021, the company achieved revenue of RMB 21,568,000, up 180% from RMB 7,690,000 in the prior year[4]. - The company recorded a net profit before tax of RMB 2,808,000 for the nine months ended September 30, 2021, compared to a loss of RMB 3,928,000 in the same period of 2020[4]. - The basic and diluted earnings per share for the nine months ended September 30, 2021, was RMB 0.17, compared to a loss of RMB 0.45 in the same period of 2020[4]. - The company reported total comprehensive income of RMB 1,434,000 for the nine months ended September 30, 2021, compared to a total comprehensive loss of RMB 3,503,000 in the same period of 2020[6]. - For the nine months ended September 30, 2021, the company recorded a net profit of approximately RMB 1.4 million, compared to a net loss of RMB 3.6 million for the same period in 2020, indicating a significant recovery in performance[28]. - Total revenue for the nine months ended September 30, 2021, reached RMB 21,568 thousand, compared to RMB 7,690 thousand for the same period in 2020, reflecting a growth of approximately 180%[16]. - The group recorded a net profit of approximately RMB 1.4 million for the nine months ended September 30, 2021, compared to a net loss of approximately RMB 3.6 million for the same period in 2020[37]. Expenses and Costs - The company’s employee benefit expenses increased to RMB 7,907,000 for the nine months ended September 30, 2021, from RMB 7,132,000 in the same period of 2020[4]. - Employee benefits expenses for the nine months ended September 30, 2021, totaled RMB 7,907 thousand, compared to RMB 7,132 thousand for the same period in 2020, indicating an increase of approximately 11%[19]. - The company reported project costs of RMB 8,735 thousand for the nine months ended September 30, 2021, compared to RMB 2,798 thousand for the same period in 2020, reflecting a significant increase[19]. - Project costs rose from approximately RMB 2.8 million for the nine months ended September 30, 2020, to approximately RMB 8.7 million for the nine months ended September 30, 2021, an increase of approximately RMB 5.9 million or 212.2%[32]. - Other operating expenses remained stable at approximately RMB 2.3 million for both the nine months ended September 30, 2020, and September 30, 2021[34]. - Financing costs related to lease liabilities were approximately RMB 8,000 for the nine months ended September 30, 2020, and zero for the same period in 2021[36]. Revenue Sources - Revenue from event management services for the three months ended September 30, 2021, was RMB 3,895 thousand, a substantial increase from RMB 246 thousand in the same period of 2020[16]. - Interest income for the nine months ended September 30, 2021, was RMB 243 thousand, up from RMB 130 thousand in the same period of 2020, representing an increase of 87%[16]. Shareholder and Governance Information - Major shareholders, QY Investment Holding Limited, holds 52.5% of the company's shares, with both Mr. Zhou and Ms. Song owning significant stakes[40][46]. - The company confirmed compliance with the GEM Listing Rules regarding securities trading by directors during the nine months ended September 30, 2021[50]. - The audit committee was established on October 21, 2019, and includes independent non-executive directors, ensuring compliance with GEM listing rules[57]. - The consolidated financial performance for the nine months ended September 30, 2021, was unaudited but reviewed by the audit committee, confirming compliance with applicable accounting standards and GEM listing rules[57]. Dividend Policy - The company did not recommend any dividend payment for the nine months ended September 30, 2021, consistent with the previous year[23]. - The board did not recommend any dividend for the nine months ended September 30, 2021, consistent with the previous year[38]. Future Outlook - The company anticipates that its future performance will depend on the pace of economic recovery in China, with expectations of a rebound in market demand if the impact of the pandemic is alleviated[29]. - The company faced challenges due to ongoing travel restrictions and public health policies, which affected service demand and led to postponed or canceled schedules[29]. Accounting and Compliance - The company is currently evaluating the impact of new accounting standards on its financial performance but has not identified any significant effects as of now[12]. - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended September 30, 2021[54]. - No stock options were granted, exercised, expired, or lapsed under the stock option plan during the nine months ended September 30, 2021[49].

Financial Performance - The company's revenue for the six months ended June 30, 2021, was RMB 15,187,000, a significant increase of 187% compared to RMB 5,289,000 for the same period in 2020[22] - The net profit attributable to the company's owners for the six months ended June 30, 2021, was RMB 1,880,000, compared to a loss of RMB 2,077,000 in the same period of 2020[22] - The company reported a profit before tax of RMB 3,086,000 for the six months ended June 30, 2021, compared to a loss of RMB 2,400,000 for the same period in 2020[22] - The company recorded a net profit of approximately RMB 1.9 million for the six months ended June 30, 2021, compared to a net loss of RMB 2.1 million for the same period in 2020[67] - Revenue for the six months ended June 30, 2021, increased due to a rise in demand for new contracts and contract values amid the gradual recovery of the overall economy in China[67] Revenue Breakdown - Revenue from activity management services for the six months was RMB 4,846,000, up 74.0% from RMB 2,786,000 in the prior year[46] - Revenue from design and production services reached RMB 10,341,000, a substantial increase of 313.5% compared to RMB 2,503,000 in the same period last year[46] - Total revenue for the six months ended June 30, 2021, was RMB 15,187,000, representing a significant increase of 186.5% compared to RMB 5,289,000 for the same period in 2020[46] Assets and Cash Flow - The total assets as of June 30, 2021, amounted to RMB 103,640,000, slightly up from RMB 102,634,000 as of December 31, 2020[24] - The company's cash and cash equivalents increased to RMB 90,724,000 as of June 30, 2021, compared to RMB 43,494,000 at the end of 2020[24] - The company reported a net increase in cash and cash equivalents of RMB 47,245,000, compared to RMB 8,762,000 in the previous year[39] - The net cash generated from operating activities was RMB 12,127,000, down 11.7% from RMB 13,731,000 in the previous year[39] - For the six months ended June 30, 2021, the company generated cash from operating activities of RMB 13,108,000, a decrease of 30.0% compared to RMB 18,908,000 for the same period in 2020[39] Equity and Shareholder Information - The total equity of the company as of June 30, 2021, was RMB 92,509,000, an increase from RMB 90,629,000 at the end of 2020[24] - As of June 30, 2021, the company's directors and key executives hold a combined 52.5% equity interest in the company[107] - As of June 30, 2021, QY holds 420,000,000 shares, representing 52.5% of the company's equity[110] - SRU Investment Limited owns 120,000,000 shares, accounting for 15.0% of the company's equity[110] - No share options were granted, exercised, expired, or lapsed during the six months ending June 30, 2021[115] Expenses - The company incurred employee benefit expenses of RMB 4,934,000 for the six months ended June 30, 2021, compared to RMB 4,847,000 for the same period in 2020[22] - The company's operating expenses included short-term lease expenses of RMB 100,000 for the six months ended June 30, 2021, up from RMB 84,000 in the same period of 2020, representing an increase of 19%[50] - Project costs for the six months ended June 30, 2021, were RMB 5,970,000, significantly higher than RMB 1,922,000 for the same period in 2020, indicating a growth of 211%[50] - Employee benefits expenses, including salaries and allowances, totaled RMB 4,055,000 for the six months ended June 30, 2021, slightly down from RMB 4,140,000 in the same period of 2020[50] Corporate Governance - The company has complied with all applicable codes of the corporate governance code as of June 30, 2021[119] - The company has established an audit committee to oversee financial reporting and internal controls, ensuring accountability[124] - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ending June 30, 2021, confirming compliance with applicable accounting standards[126] - The company has adopted the GEM Listing Rules for securities trading by directors, ensuring compliance with the specified trading standards[116] Future Plans and Market Conditions - The company is seeking suitable properties in Yixing City for a new headquarters to support business expansion[88] - The company has adopted a cautious approach to marketing expenditures due to uncertainties from the pandemic, gradually resuming promotional activities[99] - The company plans to fully utilize the remaining net proceeds by December 31, 2022, based on current market conditions[103] - The company has decided to postpone the recruitment plan for the multimedia production and design team due to the impact of the pandemic on the marketing services market[101] - The company is actively assessing the market situation to adjust its business goals and strategies in response to the pandemic[104] Employee Information - The company employed 79 staff as of June 30, 2021, an increase from 60 employees a year earlier[92] - The total employee costs were approximately RMB 4.9 million for the six months ended June 30, 2021, compared to RMB 4.8 million for the same period in 2020[92] - The company has hired eight additional employees to strengthen its sales and marketing team[99] Dividends - The company did not recommend any dividend payment for the six months ended June 30, 2021, consistent with the previous year[54] - The board did not recommend any dividend for the six months ended June 30, 2021, consistent with the previous year[93] Liabilities and Legal Matters - The company has no significant contingent liabilities or pending litigation that could adversely affect its business or financial condition as of June 30, 2021[85] - There were no competitive or conflict of interest activities involving directors or major shareholders during the six months ending June 30, 2021[118]

Financial Performance - The company reported revenue of RMB 4,796,000 for the three months ended March 31, 2021, representing a 138.5% increase compared to RMB 2,009,000 for the same period in 2020[3]. - Other income for the same period was RMB 368,000, up from RMB 42,000 in the previous year, indicating a significant growth[3]. - The company achieved a profit before tax of RMB 1,031,000, compared to a loss of RMB 2,046,000 in the prior year, marking a turnaround in financial performance[3]. - Net profit attributable to owners of the company was RMB 579,000, a recovery from a loss of RMB 1,761,000 in the same quarter of 2020[3]. - Basic and diluted earnings per share for the period were RMB 0.07, compared to a loss per share of RMB 0.22 in the previous year[3]. - The total comprehensive income for the period was RMB 583,000, compared to a loss of RMB 1,814,000 in the same quarter of 2020[3]. - The company reported a net profit of approximately RMB 579,000 for the three months ended March 31, 2021, compared to a net loss of approximately RMB 1.8 million for the same period in 2020, indicating a significant recovery[25]. - Revenue increased by approximately RMB 2.8 million or 139% to approximately RMB 4.8 million for the three months ended March 31, 2021, compared to approximately RMB 2.0 million for the same period in 2020[28]. Cost Management - The company reported a decrease in employee benefit expenses to RMB 2,445,000 from RMB 2,513,000 year-on-year, reflecting cost management efforts[3]. - Project costs increased by approximately RMB 0.8 million or 100% to approximately RMB 1.6 million for the three months ended March 31, 2021, aligning with the revenue growth[29]. - Employee benefits expenses remained stable at approximately RMB 2.5 million for 2020 and RMB 2.4 million for 2021, showing no significant change[30]. - The company experienced a decrease in other operating expenses from approximately RMB 1.1 million to approximately RMB 0.5 million for the three months ended March 31, 2021[31]. - Financing costs related to lease liabilities were RMB 2,000 for the three months ended March 31, 2020, and zero for the same period in 2021, indicating a reduction in leasing expenses[32]. Corporate Governance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance and transparency[9]. - The company has adopted the corporate governance code as per GEM Listing Rules, ensuring compliance with all applicable provisions[46]. - The audit committee, established on October 21, 2019, consists of independent non-executive directors, ensuring proper financial oversight and compliance[51]. - The company confirmed that all directors complied with the trading standards during the three months ended March 31, 2021, with no non-compliance incidents reported[43]. - The company is committed to enhancing corporate governance to protect and enhance shareholder value[46]. - There were no conflicts of interest reported among the directors and major shareholders during the three months ended March 31, 2021[45]. Shareholder Information - As of March 31, 2021, the company’s major shareholders, Mr. Zhou and Ms. Song, each hold 420,000,000 shares, representing 52.5% of the total equity[36]. - SRU Investment Limited and Mr. Fan each hold 120,000,000 shares, accounting for 15.0% of the total equity[39]. - The company has no major shareholders or other individuals holding registered interests in the company's shares as of March 31, 2021, apart from those disclosed[41]. - There were no purchases, sales, or redemptions of the company's listed securities by the company or any of its subsidiaries during the three months ended March 31, 2021[47]. - No stock options were granted, exercised, expired, or lapsed during the three months ended March 31, 2021, and there are no unexercised stock options under the plan[42]. Future Outlook - The company continues to focus on expanding its event management services and design and production services in the Chinese market[8]. - The company is cautiously planning a series of strategies to implement as the pandemic situation improves, anticipating a rebound in market demand[26]. - The board believes that the overall economic environment is gradually improving, which is expected to positively impact the company's financial performance in the near future[26]. Compliance and Audit - The financial performance for the first quarter ending March 31, 2021, has been reviewed by the audit committee and is compliant with applicable accounting standards and GEM listing rules[53]. - The financial results for the group are unaudited but have been adequately disclosed as per legal requirements[53].

旅橙文化控股有限公司 Orange Tour Cultural Holding Limited (Incorporated in the Cayman Islands with limited liability) Stock Code : 8627 Annual Report 2020 年報 Annual Report 2020 （於開曼群島註冊成立之有限公司） 股份代號：8627 年報 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上市的公司一般為中小型公司，在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的內容概不負責，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的任何損失承擔任何責任。 本報告的資料乃遵照聯交所 ...

Financial Performance - For the three months ended September 30, 2020, the group's revenue was RMB 2,401,000, a decrease of 85.2% compared to RMB 16,215,000 for the same period in 2019[4] - For the nine months ended September 30, 2020, the group's revenue was RMB 7,690,000, a decrease of 78.2% compared to RMB 35,304,000 for the same period in 2019[4] - The group reported a loss before tax of RMB 1,528,000 for the three months ended September 30, 2020, compared to a profit of RMB 6,709,000 for the same period in 2019[4] - The loss attributable to owners of the company for the three months ended September 30, 2020, was RMB 1,426,000, compared to a profit of RMB 4,562,000 for the same period in 2019[4] - The basic and diluted loss per share for the three months ended September 30, 2020, was RMB (0.18), compared to earnings of RMB 0.81 for the same period in 2019[4] - The total comprehensive loss for the nine months ended September 30, 2020, was RMB 3,503,000, compared to a total comprehensive income of RMB 9,583,000 for the same period in 2019[4] - The net loss for the nine months ended September 30, 2020, was approximately RMB 3.6 million, compared to a net profit of approximately RMB 9.9 million for the same period in 2019[27] Revenue Breakdown - Revenue from event management services for the nine months ended September 30, 2020, was RMB 3.0 million, a decrease from RMB 21.6 million in the same period of 2019[16] - Revenue from design and production services for the nine months ended September 30, 2020, was RMB 4.7 million, down from RMB 13.7 million for the same period in 2019[16] - The company's revenue decreased by approximately RMB 27.6 million or 78.2% from about RMB 35.3 million for the nine months ended September 30, 2019, to about RMB 7.7 million for the nine months ended September 30, 2020[30] Expenses and Costs - Employee benefits expenses increased due to a rise in the number of employees, contributing to the overall net loss[27] - The company recorded project costs of RMB 2.8 million for the nine months ended September 30, 2020, down from RMB 13.1 million in the same period of 2019[18] - Project costs decreased from approximately RMB 13.1 million for the nine months ended September 30, 2019, to about RMB 2.8 million for the nine months ended September 30, 2020, a reduction of approximately RMB 10.3 million or 78.6%[31] - Employee benefits expenses increased from approximately RMB 5.9 million for the nine months ended September 30, 2019, to about RMB 7.1 million for the nine months ended September 30, 2020, an increase of approximately RMB 1.3 million due to an increase in employee numbers[32] - Other operating expenses decreased from approximately RMB 2.2 million for the nine months ended September 30, 2019, to about RMB 1.7 million for the nine months ended September 30, 2020, due to a reduction in the number of projects undertaken[33] Dividends and Shareholder Information - The company did not recommend any dividend payment for the nine months ended September 30, 2020, consistent with 2019[22] - The board did not recommend the payment of any dividends for the nine months ended September 30, 2020[38] - Major shareholders include QY Investment Holding Limited, holding 420,000,000 shares, representing 52.5% of the company[40] Governance and Compliance - The company confirmed compliance with the GEM Listing Rules regarding securities trading by directors for the nine months ended September 30, 2020[51] - The company has adopted the corporate governance code as per GEM listing rules to enhance shareholder value and accountability[54] - The audit committee, established on October 21, 2019, includes independent non-executive directors and is responsible for reviewing financial information and internal controls[58] - The financial performance for the nine months ending September 30, 2020, has been reviewed by the audit committee and complies with applicable accounting standards[58] Cash and Financial Position - The group had cash and cash equivalents of RMB 21,283,000 as of September 30, 2020[6] Impact of COVID-19 - The company is closely monitoring the impact of the COVID-19 pandemic on its business and financial performance, with potential adjustments to its business plans as necessary[28] Other Financial Information - The company’s interest income for the nine months ended September 30, 2020, was RMB 130,000, compared to RMB 64,000 for the same period in 2019[16] - Financing costs remained relatively stable at approximately RMB 10,000 and RMB 8,000 for the nine months ended September 30, 2019, and 2020, respectively[36] - No further listing expenses will be recognized for the nine months ended September 30, 2020, following approximately RMB 0.4 million incurred for the nine months ended September 30, 2019[35] - The company has not granted, exercised, expired, or lapsed any share options under the share option scheme as of September 30, 2020[50] - The company has not applied any new or revised standards that have been issued but are not yet effective, and is currently assessing their impact[12] - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and have not been audited[11]

Financial Performance - The company's revenue for the six months ended June 30, 2020, was RMB 5,289,000, a decrease of 72.3% compared to RMB 19,120,000 for the same period in 2019[24] - The net loss attributable to the owners of the company for the six months ended June 30, 2020, was RMB 2,125,000, compared to a profit of RMB 4,270,000 for the same period in 2019[24] - The company reported a basic and diluted loss per share of RMB 0.27 for the six months ended June 30, 2020, compared to earnings per share of RMB 0.71 for the same period in 2019[24] - Total comprehensive income for the six months ended June 30, 2020, was RMB 4,347,000, compared to RMB 4,270,000 for the same period in 2019, representing a slight increase[34] - Revenue from event management services for the six months ended June 30, 2020, was RMB 2,786,000, down 78.3% from RMB 12,837,000 in the same period of 2019[45] - Revenue from design and production services for the six months ended June 30, 2020, was RMB 2,503,000, down 60.2% from RMB 6,283,000 in the same period of 2019[45] - The company incurred total operating expenses of RMB 4,847,000 for the six months ended June 30, 2020, compared to RMB 3,857,000 for the same period in 2019, an increase of 25.7%[24] - The company recorded a foreign exchange gain of RMB 48,000 for the six months ended June 30, 2020, compared to a gain of RMB 77,000 for the same period in 2019[24] - The company recorded a net loss of approximately RMB 2.1 million for the six months ended June 30, 2020, compared to a net profit of approximately RMB 4.3 million for the same period in 2019, representing a significant decline due to reduced project numbers caused by the COVID-19 pandemic[75] - Revenue decreased by approximately RMB 13.8 million or 72.3%, from approximately RMB 19.1 million for the six months ended June 30, 2019, to approximately RMB 5.3 million for the same period in 2020, primarily due to the postponement or cancellation of multiple projects[78] Assets and Liabilities - Total assets as of June 30, 2020, were RMB 98,245,000, a decrease of 11.7% from RMB 111,253,000 as of December 31, 2019[26] - The total equity of the company as of June 30, 2020, was RMB 90,466,000, down from RMB 92,543,000 as of December 31, 2019, representing a decrease of 2.2%[26] - The company’s total liabilities as of June 30, 2020, were not disclosed in the provided content, indicating a need for further financial analysis[41] - The company’s trade payables as of June 30, 2020, were RMB 418,000, down from RMB 2,819,000 as of December 31, 2019[63] Cash Flow and Investments - The company reported a net increase in cash and cash equivalents of RMB 8,762,000 for the six months ended June 30, 2020, compared to RMB 3,565,000 for the same period in 2019[38] - The company had cash and cash equivalents of RMB 46,270,000 as of June 30, 2020, up from RMB 30,524,000 at the end of the previous year[38] - Net cash generated from operating activities for the six months ended June 30, 2020, was RMB 13,731,000, compared to RMB 3,143,000 for the same period in 2019, indicating a significant improvement[38] - The company acquired property, plant, and equipment worth approximately RMB 197,000 for the six months ended June 30, 2020, compared to RMB 7,000 in 2019[59] - The company has not made any significant investments or acquisitions related to subsidiaries, associates, or joint ventures in the six months ended June 30, 2020[99] Employee and Operational Metrics - Employee benefit expenses increased by approximately RMB 0.9 million to approximately RMB 4.8 million for the six months ended June 30, 2020, due to an increase in the number of employees[81] - As of June 30, 2020, the total employee cost, including director remuneration, was approximately RMB 4.8 million, an increase from RMB 3.9 million as of June 30, 2019[101] - The company employed 60 staff as of June 30, 2020, up from 49 staff a year earlier[101] Corporate Governance - The company has adopted the corporate governance code as per GEM Listing Rules and has complied with all applicable provisions[140] - The audit committee was established on October 21, 2019, and is chaired by independent non-executive director Mr. He Youguo, with members including independent non-executive directors Mr. Ye Guancheng and Mr. Huang Jianye[144] - The audit committee reviewed the interim consolidated financial statements for the six months ended June 30, 2020, and found them compliant with applicable accounting standards and GEM listing rules[146] - There were no reported compliance breaches by the directors during the six months ending June 30, 2020[137] - The company has confirmed that there are no competitive businesses or conflicts of interest involving directors or major shareholders as of June 30, 2020[139] Future Outlook and Strategy - The management anticipates a challenging business environment for 2020 due to the ongoing impact of the pandemic on operations and financial performance[77] - The company plans to leverage the financial support from its listing to expand its core business and enhance its competitive position[75] - The company is actively seeking suitable properties in Yixing City for a new headquarters as part of its business expansion plans[97] - Due to the pandemic, the company has adopted a cautious approach to its business goals and strategies, continuously evaluating market conditions[124] Shareholder Information - As of June 30, 2020, Mr. Zhou and Ms. Song each hold 420,000,000 shares, representing 52.5% of the company's ordinary shares[127] - QY Investment Holding Limited is the beneficial owner of 420,000,000 shares, accounting for 52.5% of the total[130] - SRU Investment Limited holds 120,000,000 shares, which is 15.0% of the company's shares[130] - The company's issued share capital as of June 30, 2020, was RMB 5.6 million, with 800,000,000 ordinary shares issued at a par value of USD 0.001 per share[96] - The company has not granted, exercised, or allowed any stock options to expire or lapse as of June 30, 2020[136] - No stock options were granted or exercised during the reporting period, indicating a stable approach to equity compensation[136] - The company has not recommended any dividend payment for the six months ended June 30, 2020, consistent with 2019[54]

Financial Performance - The Group reported revenue of RMB 2,009,000 for the three months ended March 31, 2020, a decrease of 53.0% compared to RMB 4,270,000 in the same period of 2019[4]. - The Group incurred a loss before tax of RMB 2,046,000 for the first quarter of 2020, compared to a profit of RMB 233,000 in the same period of 2019[4]. - The basic and diluted loss per share for the period was RMB 0.22, compared to earnings of RMB 0.01 per share in the same period last year[4]. - The Group's total comprehensive loss attributable to owners for the period was RMB 1,814,000, compared to a loss of RMB 79,000 in Q1 2019[4]. - The loss attributable to the owners of the company for the three months ended March 31, 2020, was approximately RMB 1.76 million, compared to a profit of RMB 76,000 for the same period in 2019[22]. Expenses - Employee benefit expenses increased to RMB 2,513,000 in Q1 2020, up 34.5% from RMB 1,867,000 in Q1 2019[4]. - The Group's other operating expenses rose to RMB 706,000 in Q1 2020, compared to RMB 419,000 in the same period of 2019[4]. - Other operating expenses increased to approximately RMB 0.70 million for the three months ended March 31, 2020, from approximately RMB 0.40 million for the same period in 2019, due to increased legal and professional fees post-listing[32]. - Project costs decreased by approximately 47.5% to about RMB 0.80 million for the three months ended March 31, 2020, from approximately RMB 1.53 million for the same period in 2019[30]. Taxation - The Group's tax credit for the period was RMB 285,000, compared to a tax expense of RMB 157,000 in the same period of 2019[4]. - The company had a deferred tax asset recognized of approximately RMB 285,000 related to deductible temporary differences[19]. Share Capital and Ownership - As of March 31, 2020, the company has a total issued share capital of RMB 5.6 million, with 800,000,000 ordinary shares issued at a par value of USD 0.001 each[50]. - The average number of ordinary shares outstanding increased to 800 million for the three months ended March 31, 2020, from 600 million for the same period in 2019 due to a share issuance[22]. - Mr. Zhou holds 420,000,000 shares, representing 52.5% of the company's ordinary shares, through QY Investment Holding Limited[37]. - Ms. Song also holds 420,000,000 shares, representing 52.5% of the company's ordinary shares, through her interest in QY Investment Holding Limited[37]. - SRU Investment Limited and Mr. Fan each hold 120,000,000 shares, representing 15.0% of the company's ordinary shares[40]. Corporate Governance - The company has adopted the corporate governance code as per GEM Listing Rules, ensuring compliance and accountability[49]. - There were no reported non-compliance incidents by the board of directors during the three months ended March 31, 2020[46]. - The company confirms that there were no conflicts of interest or competition from directors or major shareholders during the reporting period[48]. - The company has maintained a high level of corporate governance to enhance shareholder value and accountability[49]. - The audit committee was established on October 21, 2019, chaired by independent non-executive director Mr. He Youguo, with members including independent non-executive directors Mr. Ye Guancheng and Mr. Huang Jianye[54]. - The audit committee reviewed the unaudited consolidated financial statements for the three months ended March 31, 2020, confirming compliance with applicable accounting standards and GEM listing rules[56]. - The board of directors includes executive directors Mr. Zhou Yang and Ms. Song Ruiqing, along with independent non-executive directors Mr. He Youguo, Mr. Huang Jianye, and Mr. Ye Guancheng[56]. Impact of COVID-19 - The company experienced a significant impact on its operations due to the COVID-19 pandemic, leading to a reduction in the number of projects undertaken[27]. - The company did not incur any listing expenses in Q1 2020, while it had incurred RMB 142,000 in the same period of 2019[4]. - Interest income for the three months ended March 31, 2020, was RMB 42,000, compared to RMB 21,000 for the same period in 2019[3]. - The company did not recommend any dividend payment for the three months ended March 31, 2020, consistent with the previous year[36]. - No stock options were granted, exercised, expired, or lapsed during the three months ended March 31, 2020[45].