Financial Performance - The Group reported consolidated results for the year ended December 31, 2020, amid challenges posed by the COVID-19 pandemic[24]. - For the year ended December 31, 2020, the Group's revenue amounted to approximately HK$1,013.2 million, an increase of approximately HK$475.2 million from HK$538.0 million in 2019, primarily due to increased sales of electronic products[34]. - The loss attributable to the owners of the Company decreased significantly to HK$211.9 million, down HK$889.6 million from a profit of HK$677.7 million in 2019, mainly due to a loss on fair value changes on investment properties of approximately HK$158.9 million[34]. - The total revenue for the Group was approximately HK$1,013.1 million, an increase of approximately HK$475.1 million compared to HK$538.0 million in 2019, primarily due to increased sales of electronic products[57]. - The Group recorded losses of approximately HK$158.9 million on investment properties for the year ended 31 December 2020, mainly related to properties in Beijing[59]. - The Group incurred a net loss of HK$212,917,000 for the year ended December 31, 2020, with net current liabilities of approximately HK$326,103,000, excluding properties for sale valued at approximately HK$1,921,997,000[109][112]. - The Directors do not recommend the payment of any dividend for the year ended 31 December 2020[183]. Strategic Initiatives - A comprehensive strategic cooperation has been established with China Harbour Engineering Company Limited for sand mining operations and terminal facilities planning[26]. - After disposing of the Beijing properties, the Group will focus on the Zhanjiang project and the sand mining business in Papua New Guinea, which covers an area of 23,300 square kilometers[52]. - The Group is actively working on improving liquidity through various measures, including securing new banking facilities and property disposals[109][117]. - The Group's ongoing strategies aim to enhance financial stability and operational efficiency amid current challenges[109][117]. Property and Investment - The Group owns land use rights for five parcels in Zhanjiang with a total site area of approximately 266,000 sq.m. and a planned gross floor area of 1.3 million sq.m. for the Smart City Project[37]. - The value of the lands of the Smart City Project was approximately RMB5 billion, with RMB3.3 billion allocated for residential purposes and RMB1.7 billion for commercial development[39]. - The Group entered into a sale and purchase agreement to dispose of properties in Beijing for HK$338.0 million, intending to use the net proceeds for working capital and loan repayment[66]. - The Company has entered into a sale and purchase agreement to dispose of a property in Beijing for HK$338,000,000, with a deposit of HK$8,000,000 already paid by the buyer[111][113]. Financial Position - As of 31 December 2020, the Group's cash and cash equivalents were approximately HK$20.6 million, with net current assets of HK$1.6 billion, representing a current ratio of 2.88[71]. - The Group's lease liabilities, borrowings, and corporate bonds totaled approximately HK$487.2 million as of 31 December 2020, with a gearing ratio of 0.13[71]. - The Group's finance costs amounted to approximately HK$32.3 million for the year, compared to HK$30.6 million in 2019[79]. - The accumulated principal amount of corporate bonds was HK$29 million, bearing an interest rate of 7% per annum, maturing between 2021 and 2025[72]. - The Group has no contingent liabilities as of 31 December 2020[80]. - As of December 31, 2020, the Group's bank deposits were approximately HK$171,100,000, significantly increased from HK$5,300,000 as of December 31, 2019[84]. Operational Efficiency - Administrative expenses decreased to approximately HK$61.3 million in 2020 from approximately HK$63.9 million in 2019, representing a year-on-year decrease of 4.0%[58]. - Cost control measures are being implemented to manage administrative and capital expenditures, with expectations to eliminate uncertainties related to going concern[117][119]. - The Group's overhead expenses are maintained to support basic operations and dynamic business expansion, allowing flexibility in response to changes in the business environment[94][98]. Management and Governance - The Company has implemented measures to ensure compliance with statutory and regulatory requirements and maintain high corporate governance standards[105]. - The Company has adopted the Model Code for Directors' securities transactions, with all Directors confirming compliance during the financial year[103][104]. - The Company changed its name from "Hong Kong Finance Investment Holding Group Limited" to "Wisdom Wealth Resources Investment Holding Group Limited" effective October 16, 2020[88][89]. Human Resources - As of December 31, 2020, the Group employed a total of 105 staff, down from 174 in 2019, with total staff costs amounting to HK$32,074,000, a decrease from HK$34,159,000 in 2019[94][98]. - The future staff costs will be more directly linked to business turnover and profit, reflecting a performance-based compensation strategy[94][98]. Market and Growth - The company aims to expand its financial business, leveraging the extensive experience of its founders in securities, futures, and fund management[134][135]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[138]. - A strategic acquisition of a local competitor is anticipated to enhance operational capabilities and increase market penetration[138]. Sustainability and Innovation - The management team emphasized a commitment to sustainability, with plans to reduce carbon emissions by 30% over the next five years[138]. - The Group is committed to minimizing environmental impacts through recycling and resource savings[173]. - The company has invested $5 million in research and development for new technologies aimed at improving service efficiency[138]. Risks and Challenges - The Group faces various risks including business, capital, and financial risks that may impact its performance[169].

Financial Performance - The total revenue for the six months ended June 30, 2020, was approximately HKD 386.7 million, an increase of about HKD 68.11 million or 21.38% compared to HKD 318.59 million for the same period in 2019[23]. - The profit attributable to owners of the company from continuing operations decreased to HKD 42.48 million, down HKD 99.32 million from HKD 141.8 million in the same period of 2019[23]. - The overall gross profit margin decreased from 6.24% for the six months ended June 30, 2019, to 2.79% for the same period in 2020, primarily due to the growth of lower-margin trading business[25]. - The company recorded revenue of approximately HKD 375.88 million from its 60% stake in Shenzhen Qianhai Jiameijing Industrial Co., Ltd., which primarily engages in trade and electronic product import and export[40]. - The company reported a net loss of HKD (3,706,000) for the six months ended June 30, 2020, compared to a profit of HKD 3,345,000 in the same period last year[120]. - For the six months ended June 30, 2020, the company reported a profit attributable to owners of the company of HKD 42,475,000, a decrease of 70% compared to HKD 141,800,000 for the same period in 2019[135]. - The total comprehensive income for the period was HKD 1,658,000, a significant drop from HKD 132,827,000 in the same period of 2019[92]. Expenses and Costs - Administrative expenses accounted for 7.17% of the group's revenue, a decrease of 2.31% compared to 9.48% in 2019, due to reduced administrative expenses from trading operations[26]. - Gross profit decreased to HKD 10,786,000, down 45.1% from HKD 19,885,000 year-on-year[90]. - Operating profit was HKD 79,695,000, a significant decline of 62.7% compared to HKD 213,370,000 in the previous year[90]. - Profit before tax was HKD 65,534,000, down 67.0% from HKD 198,325,000 in the same period of 2019[90]. - Basic and diluted earnings per share were HKD 0.011, down from HKD 0.035 in the previous year, reflecting a decline of 68.6%[92]. - The company's total financial expenses for the six months ended June 30, 2020, amounted to HKD 14,161,000, down from HKD 15,045,000 in 2019, representing a decrease of approximately 5.9%[6]. - The cost of inventory recognized as an expense was HKD 374,622,000 for the six months ended June 30, 2020, an increase of 26% from HKD 297,351,000 in 2019[127]. Assets and Liabilities - As of June 30, 2020, the group's cash and cash equivalents (excluding restricted cash) were approximately HKD 121.2 million, compared to HKD 20.68 million as of December 31, 2019[28]. - The net current assets were approximately HKD 1.51 billion, with current assets of HKD 2.3 billion and current liabilities of approximately HKD 790.65 million, resulting in a current ratio of 2.91[29]. - Total non-current assets increased to HKD 2,627,439,000 from HKD 2,569,737,000, reflecting a growth of approximately 2.25%[95]. - Total liabilities increased to HKD 2,299,421,000 from HKD 2,102,328,000, representing an increase of approximately 9.36%[95]. - Non-current liabilities, including lease liabilities, deferred tax liabilities, and bonds payable, totaled HKD 462,223,000, up from HKD 431,240,000, marking a rise of about 7.18%[99]. - The company's total equity remained stable at HKD 3,673,983,000 compared to HKD 3,672,325,000, showing a marginal increase[99]. - The company reported a deferred tax liability of HKD 23,509,000 for the six months ended June 30, 2020, down from HKD 55,755,000 in 2019, indicating a decrease of approximately 57.9%[131]. Cash Flow and Financing - The net cash generated from operating activities was HKD 68,758,000, compared to a net cash used of HKD (21,880,000) in the previous period[110]. - The increase in cash and cash equivalents was HKD 101,757,000, compared to a decrease of HKD (4,918,000) in the previous period[110]. - The company increased borrowings by HKD 32,000,000 during the period, compared to HKD 8,000,000 in the previous period[110]. - The company had a bank financing collateralized by bank deposits amounting to approximately HKD 5,266,000[51]. - The company has provided guarantees to banks for financing amounts of HKD 250,000,000 as of June 30, 2020, with no utilization for daily operations[49]. Investments and Projects - The investment property valuation in Zhanjiang was approximately RMB 5.23 billion, with a fair value gain of approximately RMB 96 million recognized during the period[31]. - The Zhanjiang project is expected to reach sellable conditions soon, with the company retaining approximately 227,000 square meters of commercial property and over 10,700 parking spaces for rental purposes, which will provide stable income for future dividend distributions[32]. - The BASF chemical base project in Zhanjiang, with an estimated total investment of $10 billion, is anticipated to have a significantly positive impact on the company's real estate development projects in the region[32]. - The company has obtained exclusive rights for port construction and sand extraction in the Kikori Delta, Papua New Guinea, covering an area of 23,300 square kilometers, which is expected to yield substantial profits due to high demand for sand in major infrastructure projects in Asia[34]. - The company has established a strategic partnership with China Harbour Engineering Company to form an international strategic alliance for sand extraction operations, which is expected to provide continuous stable income and ideal profit contributions[38]. - The company plans to expand its existing real estate development and investment business, particularly in Papua New Guinea's new sand mining operations, which are expected to be a profit growth point in the coming years[47]. Shareholder and Management Information - Major shareholders include Hong Kong Financial Equity Management Limited with 585,419,143 shares (14.64%) and Hong Kong Financial Equity Investment Limited with 928,884,284 shares (23.22%) as of June 30, 2020[70]. - The company has no arrangements that allow directors or senior management to acquire shares for benefits during the reporting period[68]. - The total remuneration for key management personnel for the six months ended June 30, 2020, was HKD 5,506,000, a decrease from HKD 6,191,000 in the same period of 2019[168]. - Short-term benefits for key management personnel were HKD 5,443,000, down from HKD 6,128,000 in the previous year[168]. - Retirement benefits for key management personnel remained stable at HKD 63,000 for both periods[168]. Other Information - The company announced a proposed name change from "Hong Kong Finance Investment Holding Group Limited" to "Wisdom Wealth Resources Investment Holding Group Limited" to better reflect its business focus[44]. - No significant acquisitions or disposals of subsidiaries occurred during the review period, and there were no major contingent liabilities reported[45]. - The company did not recommend any interim dividend for the period ending June 30, 2020, consistent with the previous year[58]. - The company maintained compliance with the 25% public float requirement as of June 30, 2020[84].

Financial Performance - The Company reported audited consolidated results for the year ended December 31, 2019, indicating resilience amid global economic instability [25]. - For the year ended December 31, 2019, the Group's revenue was approximately HK$538.0 million, a decrease of approximately HK$404.5 million from HK$942.5 million in 2018, primarily due to reduced sales of electronic products [33]. - The profit attributable to the owners of the Company increased significantly to HK$677.7 million, up HK$517.7 million from HK$160.0 million in 2018, mainly driven by a fair value increase of investment properties amounting to approximately HK$1,011.7 million [34]. - The trading business recorded revenue of approximately HK$508.8 million in 2019, down from HK$896.1 million in 2018, indicating a decrease of approximately 43.3% [51][52]. - The rental income from the Beijing property was approximately HK$9.0 million for the year ended December 31, 2019, down from HK$20 million in 2018, representing a decrease of 55% [46][47]. - The Group's total revenue for the financial year was approximately HK$538.0 million, a decrease of approximately HK$404.5 million compared to HK$942.5 million in 2018, reflecting a decline of about 43% primarily due to reduced sales of electronic products [62][63]. - Administrative expenses decreased to approximately HK$63.9 million in 2019 from approximately HK$65.7 million in 2018, representing a year-on-year decrease of 2.7% [68]. - The Group's finance costs for the year amounted to approximately HK$30.6 million, slightly up from HK$30.2 million in 2018 [88]. - As of December 31, 2019, the Group's cash and cash equivalents were approximately HK$20.7 million, down from HK$41.2 million in 2018 [76]. - The net current assets of the Group were HK$1.5 billion, with current assets of HK$2.1 billion and current liabilities of approximately HK$568.5 million, resulting in a current ratio of 3.70 [77]. - The Group's gearing ratio as of December 31, 2019, was 0.09, indicating a slight decrease from 0.11 in 2018 [78]. - In 2019, the Group issued corporate bonds totaling HK$8 million, with an accumulated principal amount of HK$29 million bearing an interest rate of 7% per annum [79]. - The total number of issued ordinary shares as of December 31, 2019, remained at 4,000,000,000 shares, with a par value of HK$0.10 each, unchanged from 2018 [105]. Property Development - The Group's property development segment achieved strong segment profit growth despite a sluggish business climate and uncertainties due to macroeconomic changes [26]. - The Smart City Project in Zhanjiang has a total site area of approximately 266,000 sq.m. and a planned gross floor area of approximately 1.3 million sq.m., with land use rights for five parcels [35]. - The gross development value of the Smart City Project is approximately RMB10.9 billion, with the land value estimated at RMB5 billion, reflecting an increase of approximately RMB1.9 billion from the previous year [38]. - Approximately RMB3.4 billion of the land will be used for residential purposes, classified as properties for sale, while approximately RMB1.6 billion will be used for commercial development, classified as investment properties [39]. - The Group anticipates significant demand for quality residential properties due to the commencement of large-scale projects in Donghai Dao, including a US$10 billion investment by BASF in a fine chemical industry base [40]. - The central business district of Donghai Dao is planned for integrated hotel, residential, and commercial projects, covering an aggregate of 500 acres [44]. - The Group plans to expand its business into property development and investment, particularly in Maoming, China, which is expected to be a growth factor in the coming years [60][61]. - The outlook for the property industry in China is challenging due to the COVID-19 outbreak, but the Group anticipates more development opportunities post-crisis [60][61]. Corporate Governance - The company maintained high corporate governance standards and complied with the Code on Corporate Governance Practices throughout the accounting period, with a noted deviation regarding director retirement by rotation [118]. - The company has implemented measures to ensure compliance with statutory and regulatory requirements, emphasizing the importance of good corporate governance [119]. - The company adopted the Model Code for Directors' securities transactions, with all directors confirming compliance during the financial year [112]. - The company appointed several independent non-executive directors throughout 2019, indicating a focus on governance and oversight [106][108][110]. - The company aims to link future employee costs more directly to revenue and profit, maintaining flexibility in indirect expenses to support business expansion [103]. - The company did not purchase, sell, or redeem any of its listed securities during the year ended December 31, 2019 [111]. Management and Leadership - The company’s leadership believes that the current arrangement of the Chairman and Managing Director roles provides strong and consistent leadership for long-term business strategies [118]. - Dr. Hui Chi Ming has over 10 years of experience in the oil and gas investment, exploration, and exploitation business [129]. - Mr. Neil Bush has over 30 years of experience in domestic and international energy and real estate business development [132]. - Dr. Chui Say Hoe has more than 30 years of experience in commerce and general business management [137]. - Mr. Ren Qian has over 30 years of experience in water resources management and urban-rural development in the PRC [138]. - Dr. Hui has been the chairman of over 20 companies, including Hoifu Petroleum Group Limited and Madagascar Southern Petroleum Company Limited [129]. - Mr. Bush serves as Chairman of the Points of Light, a national charitable organization promoting citizen service through volunteerism [132]. - Dr. Xu Shi He has over 30 years of experience in business management and has been the executive director and general manager of the group since 1978 [139]. - Mr. Xu Jun Jia, appointed as an executive director in 2016, is currently the general manager of multiple energy groups and has extensive experience in investments across various sectors [143]. - Mr. Cao Yu, also appointed in 2016, has a background in project management for drilling and seismic engineering projects, and has worked with major petroleum companies in China [144]. Business Strategy and Development - The Group aims to continue exploring business opportunities to diversify and enhance its product range, optimizing returns for shareholders [30]. - The exclusive operating rights for sand mining and export in the Kikori Delta, Papua New Guinea, are expected to position the Group advantageously for business development [28]. - The company aims to further develop its financial business, leveraging the extensive experience of its founders in securities and fund management [150]. - The group is focused on expanding its operations in the financial advisory industry, with a strong emphasis on securities margin financing and fund management [151]. - The management team is well-equipped with professional knowledge and operational experience in energy technology and financial planning services [144]. - The company is actively involved in merger and acquisition negotiations, enhancing its strategic positioning in the market [143]. - The group is committed to exploring new investment opportunities and expanding its market presence through strategic partnerships and joint ventures [144]. Environmental and Social Responsibility - The Group is committed to minimizing environmental impacts through recycling and resource savings, ensuring compliance with relevant environmental protection laws [188]. - The Environmental, Social and Governance Report will provide further details on the Group's environmental performance within one month [189]. - The Group's operations comply with relevant laws and regulations, with no reported violations during the year [190]. - There were no significant disputes with key stakeholders during the year, indicating stable relationships with employees, customers, suppliers, and shareholders [193]. Risks and Future Outlook - The Group faces various business, capital, and financial risks that may impact its financial performance and future prospects [184]. - The Group's future development and risks are discussed in the Management Discussion and Analysis section from pages 7 to 19 [182]. - Further discussion on the Group's principal activities, risks, uncertainties, and future developments can be found in the Management Discussion and Analysis section of the Annual Report [178]. - Financial performance analysis is provided in the Five Year Financial Summary on pages 231 to 232 of the Annual Report [183]. - The Group's commitment to effective communication with stakeholders is crucial for business success [194].

Financial Performance - The total revenue for the six months ended June 30, 2019, was approximately HKD 318 million, an increase of about HKD 181 million or 132% compared to approximately HKD 137 million for the same period in 2018[12]. - Profit attributable to owners of the company from continuing operations decreased to HKD 142 million, down HKD 3.13 billion from HKD 3.27 billion for the six months ended June 30, 2018[12]. - The overall gross profit margin decreased from 20.8% for the six months ended June 30, 2018, to 6.24% for the same period in 2019, primarily due to lower profit margins in trading business[14]. - The gross profit for the same period was HKD 19,885,000, down from HKD 28,629,000 in 2018, indicating a decline of 30.7%[76]. - The operating profit was HKD 213,370,000, compared to HKD 4,388,050,000 in the previous year, reflecting a significant decrease due to changes in business operations[76]. - The profit attributable to owners of the company for the period was HKD 141,800,000, a decrease from HKD 3,272,048,000 in 2018, marking a decline of 95.7%[79]. - The total comprehensive income for the period was HKD 132,827,000, down from HKD 3,046,744,000 in the same period last year, a decrease of 95.6%[76]. - The company reported a pre-tax profit from continuing operations of HKD 198,325,000 for the six months ended June 30, 2019, compared to HKD 4,372,874,000 for the same period in 2018[130]. - The company reported a pre-tax profit of 141,800 thousand HKD for the six months ended June 30, 2019, compared to 3,272,048 thousand HKD for the same period in 2018, indicating a significant decrease in profitability[147]. Revenue Breakdown - The trading business recorded revenue of approximately HKD 300 million for the period, compared to HKD 111.4 million in 2018, indicating significant growth[29]. - Revenue from trade business, specifically electronic product sales, reached HKD 300,109,000, up from HKD 111,409,000, representing a growth of 169.5%[128]. - Rental income from property investment was HKD 8,724,000, down from HKD 11,440,000, reflecting a decrease of 23.8%[128]. - Interest income generated from financial services was HKD 4,630,000, slightly up from HKD 4,501,000, indicating a growth of 2.9%[130]. - The company recorded a total of HKD 308,013,000 in revenue from mainland China, a substantial increase from HKD 121,889,000, marking a growth of 152.5%[134]. - The financial services segment reported a loss of HKD 2,069,000, compared to a profit of HKD 1,280,000 in the previous year[130]. Expenses and Liabilities - Administrative expenses accounted for 9.5% of the group's revenue, a decrease of 15.56% compared to 25.06% in 2018, due to reduced administrative expenses from trading operations[15]. - The company incurred a loss of 418,000 HKD from discontinued operations during the six months ended June 30, 2018, which has been reclassified in the financial statements[150]. - Total financial expenses for the ongoing business amounted to 15,045 thousand HKD, slightly down from 15,176 thousand HKD in the previous year[6]. - The company’s total liabilities decreased to HKD 2,248,168,000 from HKD 2,321,587,000, indicating a reduction of 3.2%[81]. - The deferred tax liabilities significantly decreased to 55,755 thousand HKD from 1,098,201 thousand HKD, indicating a substantial reduction in tax obligations[140]. Assets and Cash Flow - As of June 30, 2019, the group's cash and cash equivalents (excluding restricted cash) were HKD 34.67 million, down from HKD 41.16 million as of December 31, 2018[17]. - The net current assets (excluding assets held for sale) were HKD 1.82 billion, with current assets of HKD 2.2 billion and current liabilities of HKD 430 million[18]. - The total cash and cash equivalents at the end of the period were HKD 34,668 thousand, a decrease from HKD 96,220 thousand at the end of June 2018[91]. - The net cash used in operating activities for the six months ended June 30, 2019, was HKD (21,880) thousand, a decrease from HKD 28,195 thousand in the same period of 2018[91]. - The net cash used in investing activities was HKD (251) thousand, with no significant acquisitions reported, compared to HKD (418) thousand in the previous year[91]. - The net cash used in financing activities was HKD (246) thousand, down from HKD 415 thousand in the prior year[91]. Shareholder Information - The group has a total issued share capital of 4,000,000,000 shares, each with a par value of HKD 0.10 as of June 30, 2019[42]. - Major shareholders include Hong Kong Financial Equity Management Limited with 939,953,143 shares (23.50%) and Hong Kong Financial Equity Holding Limited with 944,089,115 shares (23.60%) [55]. - The total issued and paid-up share capital as of June 30, 2019, was HKD 1,000,000,000, with 10,000,000,000 shares issued[180]. - The company has not declared any interim dividends for the period ending June 30, 2019, consistent with the previous year[45]. Corporate Governance - The board of directors has undergone changes, with new independent non-executive directors appointed on February 25, May 10, and August 19, 2019[59]. - The company has implemented measures to ensure compliance with relevant regulations and maintain high corporate governance standards[64]. - The audit committee, consisting of independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2019[72]. - The company has adopted the standard code of conduct for securities transactions by directors, confirming compliance during the review period[65]. - The company has not established any preferential rights for existing shareholders regarding the issuance of new shares[68]. Business Expansion and Strategy - The group plans to expand its business into property development and investment, with the Zhanjiang property development expected to be a major profit growth driver in the future[36]. - The company has expanded into algorithmic trading, with weekly trading volume reaching HKD 80 million, and expects substantial increases in trading volume in the near future[28]. - The company holds a 65% interest in two mining licenses in Kenya, covering approximately 1,056 square kilometers and 417 square kilometers, respectively, for the exploration and extraction of industrial minerals[32]. - The company has not made any significant acquisitions or disposals during the review period[33]. - The company is expanding its algorithmic securities trading services to enrich its financial services in other areas[36]. Compliance and Accounting Standards - The company has applied new and revised Hong Kong Financial Reporting Standards, which had no significant impact on the financial statements for the period[94]. - The company has adopted HKFRS 15 for revenue recognition from contracts with customers starting January 1, 2019[110]. - The application of HKFRS 16 resulted in changes to accounting policies, particularly regarding lease recognition[96]. - The company recognized lease liabilities of HKD 1,063,000 and right-of-use assets of approximately HKD 960,000 as of January 1, 2019[113]. - The company will assess tax implications related to deferred tax measurement for right-of-use assets and lease liabilities[109].