HC GROUP INC. 02280 3,702.5185.8% 10,583.1 275.6 267.8 2.9% EBITDA* 641.2 653.1 0.24580.2559 * 1
4 10,447,418 3,663,094 4 135,693 39,372 10,583,111 3,702,466 (9,316,068) (2,397,882) 35,464 44,359 5 258,181 168,255 (722,858) (708,017) (413,885) (304,467) (37,144) (53) 386,801 504,661 (82,380) (85,962) 28,014 (22,405) 19,774 332,435 416,068 6 (55,560) (98,758) 276,875 317,310 (48,875) (28,605) 14,913 13,724 (16,856) 3,932 278,864 253,554 275,610 267,777 1,265 49,533 2 276,875 317,310
277,599 204,021 1,265 49,533 278,864 253,554 7 0.2462 0.2651 7 0.2458 0.2559 3
161,934 166,671 623,829 642,087 533,787 286,358 2,992,052 2,376,400 11 5,604 11,146 12 103,160 304,400 31,292 21,115 677,808 124,583 528,960 25,000 95,247 10 16,758 5,266,471 4,461,720 82,500 110,750 49,335 354,984 142,910 63,855 155,587 12 1,419,592 1,345,918 281,079 164,046 11 512,094 290,848 2.2(c) 38,965 39,500 10 740 172,021 276,003 471,672 401,918 3,501,484 2,872,833 8,767,955 7,334,553 103,625 100,740 3,092,149 2,737,941 1,141,955 815,417 4,337,729 3,654,098 883,895 803,031 5,221,624 4,457,129 4
13 368,000 712,376 13 351,162 267,412 83,145 165,808 175,658 274,100 271,710 40,282 2.2(c) 36,622 115,672 1,278,837 1,583,110 14 94,922 19,482 14 282,652 219,864 14 158,983 2.2(c) 348,866 163,581 13 860,244 393,837 13 547,932 123,505 10,650 20,627 44,417 41,387 53,328 25,882 34,422 51,929 65,298 2,267,494 1,294,314 3,546,331 2,877,424 8,767,955 7,334,553 9 15 5
93,885 2,307,761 587,143 2,988,789 279,354 3,268,143 267,777 267,777 49,533 317,310 (48,875) (48,875) (48,875) (28,605) (28,605) (28,605) 13,724 13,724 13,724 (63,756) 267,777 204,021 49,533 253,554 358 24,352 24,710 24,710 7,438 513,227 520,665 520,665 (982) (24,317) (982) (26,281) (26,281) 41 476 517 517 33,815 33,815 33,815 (47,494) 22,817 (24,677) (24,677) 471,808 471,808 8,713 8,713 (6,123) (6,123) (6,377) (12,500) (61,338) (61,338) (61,338) 6,855 493,936 (39,503) 461,288 474,144 935,432 100,740 2,737,941 815,417 3,654,098 803,031 4,457,129 6
100,740 2,737,941 815,417 3,654,098 803,031 4,457,129 9 (63,515) 51,042 (12,473) (1,760) (14,233) 275,610 275,610 1,265 276,875 (16,856) (16,856) (16,856) 18,845 18,845 18,845 1,989 275,610 277,599 1,265 278,864 2,964 163,620 166,584 166,584 (114) (4,877) (114) (5,105) (5,105) 35 177 212 212 74,580 74,580 74,580 12,359 12,359 12,359 81,509 81,509 11,789 11,789 169,875 169,875 (1,803) 168,072 (10,136) (10,136) 2,885 415,734 (114) 418,505 81,359 499,864 103,625 3,092,149 1,141,955 4,337,729 883,895 5,221,624 7
1 4th Floor, One Capital Place, P.O. Box 847, George Town, Grand Cayman, Cayman Islands, British West Indies B2Bhc360.comzol.com.cn IT 3C SaaS B2B O2O 94,000,000 173,000,000 507,154,000 9 8
2 2.1 (i) (ii) (iii) 2 4 9 15 15 22 40 1 28 9 4 15 9
2 2.1 (iv) 1 8 19 28 9 3 16 17 23 10 28 10
2 2.2 9 15 2.2(a) 2.2(b) 9 2.2(c)15 2.2(b) 9 9 39 9 2.149 (7.2.15) (7.2.26) 39 815,417 (a) 63,515 (b) (13,674) 1,201 9 866,459 11
2 2.2 2.2(b) 9 (a) 9 9 39 * 568,460 172,021 (i) (533,925) 533,925 (ii) (76,932) 76,932 (iii) (34,535) 34,535 9 629,014 111,467 39 63,515 815,417 (i) (63,515) 63,515 9 878,932 12
2 2.2 2.2(b) 9 (a) (i) 533,925,000 9 63,515,000 (ii) 76,932,000 (iii) 34,535,000 (iv) 9 9 13
2 2.2 2.2(b) 9 (b) 9 9 9 9 7,434,000 131,000 778,000 5,331,000 2.2(c) 15 15 15 14
2 2.2 2.2(c) 15 1518 15 15 62,297 62,297 49,335 (49,335) 290,848 (12,962) 277,886 40,282 40,282 40,282 (40,282) 322,564 322,564 158,983 (158,983) 163,581 (163,581) i 8,134 12,962 ii 30,831 49,335 38,965 62,297 (i) (ii) 15
2 2.2 2.2(c) 15 i 140,190 147,914 B2B ii 185,856 150,506 iii 59,442 64,426 385,488 362,846 (i) (ii) (iii) (iv) B2B 15 9 116,448,000 158,983,000 269,040,000 203,863,000 8,134,000 12,962,000 30,831,000 49,335,000 16
3 (i)(ii) (iii)(iv)o2o (i) (ii) (iii) (iv) zol.com.cn B2B hc360.com O2O O2O 15 557,875 9,211,537 591,870 86,136 10,447,418 135,693 135,693 557,875 9,211,537 727,563 86,136 10,583,111 62,697 3,383 67,584 (40,508) 93,156 35,464 258,181 28,014 12,044 (94,424) 332,435 151,874 74,580 17
3 O2O 15 411,909 2,154,579 663,509 433,097 3,663,094 39,372 39,372 411,909 2,154,579 702,881 433,097 3,702,466 108,137 (22,669) 134,171 72,408 292,047 44,359 168,255 (22,405) 19,774 21,105 (107,067) 416,068 117,230 33,815 4,311,602,000 3,471,516,000 4 15 B2B 9,102,366 2,041,038 887,142 951,170 157,991 106,066 118,688 127,569 O2O 59,238 430,095 119,127 3,002 2,866 4,154 10,447,418 3,663,094 135,693 39,372 10,583,111 3,702,466 18
5 (19,547) 5,000 34,217 3,374 10,192 (6,913) 1 94,000 117,963 9(a) 2,304 9(c) 2,314 9(d) 164,878 6 69,367 65,335 29,509 17,046 22,800 (38,737) (11,002) (4,579) 4,579 7 55,560 98,758 275,610 267,777 1,119,464 1,010,215 1,959 36,083 1,121,423 1,046,298 0.2462 0.2651 0.2458 0.2559 19
8 0.02 a 17,953 17,953 (a) 0.02 9 (a) 5,000,000 15% 43.84%50,000,000 51% 15% 6,400,000 4,096,0002,304,000 20
9 (a) 50,000 6,400 56,400 40,156 128 50,844 450 12,200 2,100 3,000 28,743 (23,109) (41,842) (4,325) 68,345 (33,489) 21,544 56,400 21,544,000 21
9 (b) 51% 38,590,000 38,590 15,791 104,878 57,281 32,100 600 7,100 (119,365) (27,640) (8,169) 62,576 (38,919) 14,933 38,590 14,933,000 22
9 (c) 15% 5,000,000 60%43,200,000 75% 60% 40% 60% 90% 24,098,000 18,074,000 23,203,000 15% 9,180,000 2,314,000 43,200 9,180 30,086 82,466 (41,277) 41,189 23
9 (c) 7,217 5,349 134 24,077 3,900 (2,767) (2,657) (975) 34,278 (9,046) 15,957 41,189 15,957,000 (d) Zale Inc. 34.63% 12,750,000 Z.Tech Holdings Limited Z. Tech Zalef Limited Ruthfly Limited Fejack Limited Zale Inc. Zale100%366,500,000 100,000,000 10.66% Z.Tech 1,800,000,000 GMV Z.Tech Zale65.37%10.66% Zale89.34% Zale 24
9 (d) Zale Inc. 100,000 Z.Tech 266,500 164,878 44,177 (340) 575,215 53,266 47 452 457 9,783 112,000 (27,455) (28,000) 120,550 (55) 454,720 575,215 25
9 (d) Zale Inc. Zale 266,500,000Z.Tech Zale 90% 34.63% 164,878,000 164,878,000 (a) 454,720,000Zale Inc. 26
10 (a) Orange Triangle Inc. 2,100 Huijia Yuantian Limited 400 Zale Inc. 340 169,921 62,647 16,758 32,600 17,498 172,021 95,247 16,758 95,247 740 172,021 (b) Zhongfu Holdings Limited Huijia Yuantian Limited 14,393 38,935 53,328 12,607 103,065 115,672 27,000 142,000 169,000 Zhongfu Holdings Limited Huijia Yuantian Limited 36,028,500 Zhongfu Holdings Limited Huijia Yuantian Limited 27
11 544,521 308,762 (32,427) (17,914) 512,094 290,848 286,683 175,192 798,777 466,040 (5,604) (11,146) 793,173 454,894 (a) 90 270 90 349,430 176,883 91 180 117,500 59,654 181 270 29,819 32,837 271 365 5,214 16,045 42,558 23,343 544,521 308,762 9 28
12 ( ) 1,552,826 1,632,113 3,885 10,350 47,540 65,540 24,209 19,565 1,628,460 1,727,568 (31,681) (16,176) (964) ( ) (73,063) (61,074) (105,708) (77,250) 1,522,752 1,650,318 (103,160) (304,400) 1,419,592 1,345,918 (a) 1,552,826 1,632,113 (104,563) (77,250) 1,448,263 1,554,863 11.2% 12.7% 1,552,826,000 1,632,113,000 29
13 368,000 712,376 351,162 267,412 719,162 979,788 860,244 393,837 547,932 123,505 1,408,176 517,342 2,127,338 1,497,130 1,497,130 883,482 100,075 368,890 1,407,177 944,368 (874,544) (699,610) (2,500) 2,127,338 1,497,130 6.17%5.98% 372,376,000507,376,000 771,035,0001,054,040,000 251,500,000276,003,000 980,000 1,000,000 27,816,000 25% 13 6.34%6.2% 1,763,000 1,639,000 4.5% 13.7% 5.5% 7.1% 519,917,000 255,000,000 783,401,000 381,730,000 30
13 293,716-1,802,032 1,497,130 31,590-2,127,338 1,497,130 860,244 393,837 547,932 123,505 233,000 572,376 351,162 257,555 135,000 140,000 9,857 1,228,244 1,106,213 899,094 390,917 188,628,000 14 a 94,922 19,482 158,983 35,577 28,190 14,459 17,564 100,502 72,903 66,908 73,507 35,742 29,464 27,700 377,574 398,329 (a) 90 83,415 9,843 91 180 8,756 6,426 181 365 2,345 2,142 406 1,071 94,922 19,482 31
B2B O2O (i)(ii)(iii) (iv) O2O 10,583,111,000 3,702,466,000 185.8% B2B 557,875,000411,909,00035.4% 2,154,579,000327.5% 9,211,537,000 727,563,000702,881,000 3.5% O2O86,136,000 433,097,000 80% 1,012,537,000 1,173,887,000 276,875,000 317,310,000 401,918,000 69,754,000 471,672,000 85% 2,254,900,000 1,538,517,00080% 47% 728,400,000 22% 20% 3,654,098,000 683,631,0004,337,729,000 32
1,233,990,000 1,578,519,000 1.54 2.22967,376,000 21.98 14.02 500 SaaS + 3C SaaSSaaS 33
+SaaS + + SaaS 3,000 20 3,000 (CES) 10 6,0001.09 300 17 3 596,643 4,000 58 247 1+N 2 3C 3C 7 2018 3,000 7,000 SaaS 34
20 B2B 100 800 20185,900 55 B2B B2B 17 5,000 43.84% 51% SaaS 3 35
17 500 80.38% to B 430073 Z-SCM IoT RFID 81.08% 500 COSMOPlat COSMOPlatSaaS 36
SaaS AI SaaS IM 2.0 37
5.3%87.0% 6.9% 0.7% O2O 27 60 2018 SaaS 2019 + 38
IoT 2018 10A1 7 100026 (i) Daxiong Holdings Limited Daxiong Hanson He Holdings Limited Richard Chen Holdings Limited Mr Moustache Holdings Limited(ii) Mu Hao Holdings Limited Hong Rui Technology Holdings Limited Chance Technology Co. Ltd Vanguard Technology Holdings Limited 36,028,500 10 39
7.5 36,028,500 1,085,323,7103.32% 1,121,352,2103.21% 3,602,850 13,000,000 13,000,000 3,014,250 0.27% 20,000,000 20,000,000 8,181,819 0.73% 40
HC International, Inc. HC Group Inc. 62216 HC INTL HC GROUP 2280 5.00% HC INTL B1911 HC GROUP B19115839 41
50,000,000 43.84% 51% 1) (i) (ii) (iii) Lee Wee Ong A.2.1 42
2) 4.600.10 36,000,000 21 36,000,000 4,000,000 2,200,000Lee Wee Ong 350,000,000 2.85% HIBOR 100,000,000 2.85% HIBOR Chance Talent Management Limited 2.85% 2.85% 43
6.00 16,666,667 1.49% 1.47% 436 (i) ZALE INC.(ii) Z.TECH Z.TECH10.66% Zalef Limited ZalefRuthfly Limited Ruthfly Fejack Limited Fejack Zale Z. TECH Holdings Limited Z.TECH Zalef Ruthfly Fejack Zale Inc. 500,000,000 Zale Inc.392,220,0001.00 0.88 445,704,545 (i) (ii) Z.TECH 5,966 Z.TECH Z.TECH Zale Z.TECH 10.66%Z.TECH Z.TECHOrangeTriangle Inc. (100%) (100%) (65.6%) 2,740,000,000 44
400,000 30,000,0006,028,500 1,350,000 1,350,000 1,120,402,210 1,085,323,710 2,778957420 406 372,376,000 251,500,000 980,000 255,000,000 233,872,000 45
(1) (2) (3) (4) (5) (6) (1) (2) (3) (4) Lee Wee Ong (5) Lee Wee Ong A.2.1 46
25% 3.13 167 47
1,350,000 1,350,000 (http://www.hkexnews.hk) http://www.hcgroup.com 48