2021/22
INTERIM REPORT
CHARACTERISTICS OF 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 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 and no assurance is given that there will be a liquid market in the securities traded on GEM.
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 Greatwalle Inc. (the "Company" and together with its subsidiaries, the "Group") 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 belief the information contained in this report is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this report misleading.
CONTENTS
Corporate Information | 2 |
Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | 3 |
Unaudited Condensed Consolidated Statement of Financial Position | 4 |
Unaudited Condensed Consolidated Statement of Changes in Equity | 5 |
Unaudited Condensed Consolidated Statement of Cash Flows | 6 |
Notes to Unaudited Condensed Consolidated Interim Financial Information | 7 |
Management Discussion and Analysis | 18 |
Corporate Governance and Other Information | 28 |
Greatwalle Inc. • Interim Report 2021/22 1
CORPORATE INFORMATION
DIRECTORS | REGISTERED OFFICE |
Executive Directors: | Windward 3 |
Mr. Song Xiaoming (Chairman) | Regatta Office Park |
Ms. Song Shiqing | P.O. Box 1350 |
Ms. Lin Shuxian | Grand Cayman |
KY1-1108 | |
Non-executive Director: | Cayman Islands |
Mr. Chung Man Lai | HEADQUARTERS AND PRINCIPAL PLACE OF |
Independent Non-executive Directors: | BUSINESS IN HONG KONG |
Mr. Li Zhongfei | Room 2008, 20/F. |
Mr. Zhao Jinsong | |
Mr. Liu Chengwei | West Tower, Shun Tak Centre |
AUDIT COMMITTEE | 200 Connaught Road Central |
Hong Kong | |
Mr. Zhao Jinsong (Chairman) | PRINCIPAL SHARE REGISTRAR AND |
Mr. Li Zhongfei | TRANSFER OFFICE IN THE CAYMAN |
Mr. Liu Chengwei | ISLANDS |
REMUNERATION COMMITTEE | Ocorian Trust (Cayman) Limited |
Mr. Li Zhongfei (Chairman) | Windward 3 |
Regatta Office Park | |
Mr. Zhao Jinsong | P.O. Box 1350 |
Mr. Liu Chengwei | Grand Cayman |
NOMINATION COMMITTEE | KY1-1108 |
Cayman Islands | |
Mr. Song Xiaoming (Chairman) | BRANCH SHARE REGISTRAR AND |
Mr. Li Zhongfei | TRANSFER OFFICE IN HONG KONG |
Mr. Zhao Jinsong | Tricor Investor Services Limited |
COMPANY SECRETARY | |
Level 54 | |
Ms. Lam Yuen Ling Eva | Hopewell Centre |
183 Queen's Road East | |
AUTHORISED REPRESENTATIVES | Hong Kong |
PRINCIPAL BANKER | |
Mr. Song Xiaoming | |
Ms. Song Shiqing | Bank of China (Hong Kong) Limited |
INDEPENDENT AUDITOR | COMPANY WEBSITE |
BDO Limited | www.kingforce.com.hk |
STOCK CODE | |
8315 |
2 Greatwalle Inc. • Interim Report 2021/22
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE THREE MONTHS AND SIX MONTHS ENDED 30 SEPTEMBER 2021
For the three months | For the six months | ||||
ended 30 September | ended 30 September | ||||
2021 | 2020 | 2021 | 2020 | ||
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | ||
Notes | HK$'000 | HK$'000 | HK$'000 | HK$'000 | |
Revenue | 3 | 12,585 | 11,481 | 27,439 | 29,955 |
Cost of services rendered | (12,873) | (10,260) | (27,462) | (26,127) | |
Gross profit | (288) | 1,221 | (23) | 3,828 | |
Other income | 4 | 30 | 4,948 | 126 | 5,079 |
Administrative expenses | (7,418) | (8,557) | (12,396) | (14,964) | |
Finance costs | 5 | (759) | (736) | (1,501) | (1,354) |
Loss before income tax | 6 | (8,435) | (3,124) | (13,794) | (7,411) |
Income tax expense | 7 | (1) | (3) | 12 | (29) |
Loss for the period from continuing | |||||
operations | (8,436) | (3,127) | (13,782) | (7,440) | |
Discontinued operations | - | - | |||
Loss for the period from discontinued operations | - | (1) | |||
Loss for the period | (8,436) | (3,127) | (13,782) | (7,441) | |
Other comprehensive income that may be | |||||
reclassified subsequently to profit or loss: | |||||
Exchange difference on translation of financial | 175 | 1,374 | |||
statements of foreign operations | 81 | 111 | |||
Other comprehensive income for the period | 175 | 81 | 1,374 | 111 | |
Total comprehensive income | |||||
for the period | (8,261) | (3,046) | (12,408) | (7,330) | |
Loss for the period attributable to: | (8,147) | (13,228) | |||
Owners of the Company | (2,816) | (6,649) | |||
Non-controlling interests | (289) | (311) | (554) | (792) | |
(8,436) | (3,127) | (13,782) | (7,441) | ||
Total comprehensive income | |||||
for the period attributable to: | (7,974) | (11,851) | |||
Owners of the Company | (2,725) | (6,542) | |||
Non-controlling interests | (287) | (321) | (557) | (788) | |
(8,261) | (3,046) | (12,408) | (7,330) | ||
HK cents | HK cents | HK cents | HK cents | ||
Loss per share for loss attributable to owners | (Restated) | (Restated) | |||
of the Company from continuing and | |||||
discontinued operations | 8 | ||||
- Basic and diluted | (1.68) | (1.05) | (3.23) | (2.57) | |
From continuing operations | (1.68) | (3.23) | |||
- Basic and diluted | (1.05) | (2.57) | |||
From discontinued operations | - | - | |||
- Basic and diluted | - | - |
Greatwalle Inc. • Interim Report 2021/22 3
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Greatwalle Inc. published this content on 14 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2021 03:16:07 UTC.