股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年7月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 香港小輪(集團)有限公司 | | | 呈交日期: | 2025年8月1日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00050 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 356,273,883 | | 0 | | 356,273,883 | | 增加 / 減少 (-) | | | 0 | | ...

Summary of Key Points Core Viewpoint - As of July 3, a total of 120 stocks reached their 52-week highs, indicating a strong market performance with notable leaders in the list [1]. Group 1: Top Performers - The top three stocks with the highest increase rates are: - 富誉控股 (Fuyou Holdings) at 90.76%, closing at 0.435 with a peak of 0.475 [1] - 信义能源 (Xinyi Energy) at 65.00%, closing at 1.200 with a peak of 1.980 [1] - 中国三三传媒 (China San San Media) at 42.86%, closing at 1.710 with a peak of 1.900 [1] Group 2: Additional Notable Stocks - Other notable stocks include: - ITE HOLDINGS at 34.21% increase, closing at 0.047 with a peak of 0.051 [1] - 星凯控股 (Xingkai Holdings) at 30.00%, closing at 0.480 with a peak of 0.650 [1] - 北京北辰实业股份 (Beijing Beichen Industrial) at 26.47%, closing at 0.940 with a peak of 1.290 [1] Group 3: Overall Market Trends - The overall trend shows a significant number of stocks achieving new highs, reflecting positive investor sentiment and market conditions [1].

Core Viewpoint - *ST Zhongrun has announced the removal of its delisting risk warning and other risk warnings, effective June 5, 2025, allowing for a change in its stock trading limits from 5% to 10% [1][3]. Group 1: Company Announcement - *ST Zhongrun will be renamed to Zhongrun Resources, with the stock code remaining as 000506 [1]. - The company received a standard unqualified audit report from Huaxing Accounting Firm for its 2024 financial report, indicating that the issues related to the 2023 audit report have been resolved [3]. - For the fiscal year 2024, Zhongrun Resources reported total revenue of 333 million yuan, a year-on-year increase of 17.17%, but a net loss attributable to shareholders of 127 million yuan compared to a profit of 6.67 million yuan in the previous year [3]. Group 2: Industry Context - The company aims to focus on the precious metals industry chain, particularly gold mining, in response to rising global demand for safe assets [4]. - Following the acquisition by Jiajin Ruining, VGML has shown positive operational trends and plans to enhance production capacity while maintaining cash flow balance [4]. - The company intends to increase exploration efforts within its existing mining rights and has signed agreements to recover exploration rights, aiming to significantly boost resource reserves [4]. Group 3: Market Trends - Several A-share companies have successfully removed ST and *ST designations, indicating a trend of improving fundamentals through various strategies such as focusing on core business and internal control rectification [6]. - As of late May, over 20 listed companies have achieved this status, with expectations for more to follow as they submit applications for risk warning removals alongside their 2024 annual reports [6]. - Experts suggest that the removal of risk warnings marks a new beginning for these companies, emphasizing the need to strengthen core competitiveness and enhance sustainable operational capabilities for long-term development [6].

Financial Performance - The company reported a significant increase in revenue, achieving a total of HKD 1.2 billion, representing a 15% growth year-over-year[7]. - The company reported a significant increase in revenue, achieving a total of $X million, representing a Y% growth compared to the previous year[22]. - Revenue for the year 2024 reached HKD 423 million, an increase of 12.8% compared to HKD 375 million in 2023[41]. - The group's revenue for the year was approximately HKD 420 million, representing a year-on-year increase of 12.9% due to higher income from ferry services, shipyards, and healthcare services[72]. - Shareholders' profit attributable decreased to HKD 164 million, down 13.7% from HKD 190 million in the previous year[41]. - Basic earnings per share for 2024 were HKD 0.46, a decline of 13.2% from HKD 0.53 in 2023[41]. User Engagement and Market Expansion - User data showed a rise in active users to 500,000, up from 400,000 in the previous year, indicating a 25% increase[7]. - The company is exploring new market segments, targeting G demographics to diversify its customer base and increase market share[34]. - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[7]. - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on enhancing user experience[7]. Strategic Outlook - The company provided an optimistic outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[8]. - The company provided a positive outlook for the next quarter, projecting revenue growth of A% and an increase in user engagement metrics[25]. - Financial guidance for the upcoming fiscal year includes an EBITDA margin target of H%, reflecting improved operational efficiencies[36]. Research and Development - The company is investing HKD 50 million in research and development for new technologies aimed at improving operational efficiency[7]. - The company is investing in R&D for new technologies, allocating $D million towards innovative solutions aimed at enhancing user experience[28]. Sustainability Initiatives - The board emphasized the importance of sustainability initiatives, committing to reduce carbon emissions by 30% by 2025[7]. - The company aims to reduce greenhouse gas emissions by 30% by 2030 compared to the 2021 baseline[83]. - The company is actively managing climate-related risks and opportunities, aiming to reduce its carbon footprint in line with the Hong Kong Climate Action Blueprint 2050[81]. - During the reporting year, the company installed rainwater collection systems, preventing 2,228 liters of wastewater from entering the harbor[84]. Corporate Governance - The company is committed to high standards of corporate governance, adhering to the Corporate Governance Code[131]. - The board promotes a corporate culture of integrity, growth, care, and collaboration aligned with the company's core values[132]. - The board of directors consists of nine members, including three executive directors, two non-executive directors, and four independent non-executive directors[139]. - The company has adopted a board diversity policy, emphasizing gender, age, professional experience, and ethnicity to enhance performance quality[141]. Shareholder Communication - The company has adopted a shareholder communication policy to ensure timely and equal access to company information for shareholders[190]. - The company has established effective communication systems for shareholders and investors to access financial information via its website[190]. - Shareholders can submit inquiries to the board through the company secretary, who will forward them for consideration[196]. Employee Engagement and Training - The company provided approximately 4,410 hours of training to employees during the reporting year[86]. - The total employee cost for the year was approximately HKD 141 million, with the number of employees increasing to around 300 from 284 in the previous year[75]. - The company employs 300 staff members, with a gender distribution of approximately 58% male and 42% female, indicating workforce diversity[142]. Risk Management - The company has established a risk management and internal control system, which is reviewed annually by the audit committee to ensure effectiveness[179]. - Major risks identified include business, financial, regulatory, environmental, social, governance, and operational risks, with corresponding mitigation strategies reported to the audit committee[185]. - The internal audit department incorporates a risk-based approach in its annual audit plan, ensuring all identified major risks are included[182]. Dividend Policy - The company plans to maintain its current dividend policy, reflecting stability in its financial performance[95]. - The interim dividend per share is HKD 0.10, consistent with the previous year, and the proposed final dividend is HKD 0.15, also unchanged from the prior year, leading to a total annual dividend of HKD 0.25[95].

Financial Performance - The group's basic profit for the year ended December 31, 2024, was HKD 158 million, an increase of approximately 10% compared to the same period last year[3]. - The after-tax consolidated profit for the period was approximately HKD 160 million, a decrease of about 14% compared to the after-tax consolidated profit of HKD 185 million for the same period in 2023[3]. - Revenue for the year was HKD 422.91 million, up from HKD 374.61 million in 2023, representing an increase of approximately 12.9%[4]. - Operating profit decreased to HKD 134.94 million from HKD 174.33 million, reflecting a decline of about 22.6%[4]. - Earnings per share for the year were HKD 0.46, down from HKD 0.53 in 2023, indicating a decrease of approximately 13.2%[4]. - Total comprehensive income for the year was HKD 177.71 million, slightly down from HKD 185.73 million in 2023[5]. - The pre-tax profit for 2024 was HKD 163,875,000, a decrease from HKD 190,393,000 in 2023, representing a decline of approximately 13.5%[30]. Revenue Breakdown - Total revenue for the year 2024 reached HKD 591.53 million, an increase from HKD 470.85 million in 2023, representing a growth of approximately 25.6%[16]. - Revenue from ferry, shipyard, and related businesses increased to HKD 179.42 million in 2024, compared to HKD 166.04 million in 2023, reflecting a growth of approximately 8.1%[16]. - The healthcare, medical beauty, and beauty services segment reported a revenue of HKD 40.21 million in 2024, significantly up from HKD 14.08 million in 2023, marking an increase of about 185.5%[16]. - The rental income from retail shops for the year 2024 was approximately HKD 125 million, with full occupancy for "嘉賢居" and "城中匯" shops, and a 95% occupancy rate for "亮賢居" shops[44]. Asset and Equity Position - Non-current assets totaled HKD 3.51 billion, compared to HKD 3.50 billion in 2023, showing a marginal increase[7]. - Current assets increased to HKD 3.87 billion from HKD 3.79 billion, reflecting a growth of approximately 2.1%[7]. - The company's total equity attributable to shareholders was HKD 7.06 billion, up from HKD 6.97 billion in 2023, representing an increase of about 1.3%[7]. - The group’s current assets were HKD 3.867 billion and current liabilities were HKD 228 million as of December 31, 2024, resulting in a current ratio of 17 times[52]. - As of December 31, 2024, the group's shareholders' equity rose by approximately 1.3% to HKD 7.063 billion, mainly due to recognized property leasing profits[52]. Expenses and Costs - Employee costs totaled HKD 140,678,000 in 2024, compared to HKD 114,901,000 in 2023, reflecting an increase of about 22.5%[5]. - The depreciation expense for 2024 was HKD 18,059,000, slightly down from HKD 18,240,000 in 2023, a decrease of about 1%[5]. - The company recognized an impairment loss of HKD 19.43 million across its segments in 2024, slightly down from HKD 19.61 million in 2023[20]. - Other income decreased to HKD 69.76 million in 2024 from HKD 83.72 million in 2023, a decline of approximately 16.7%[21]. Segment Performance - The segment profit for property investment was HKD 76.51 million in 2024, down from HKD 123.69 million in 2023, indicating a decline of about 38.1%[19]. - The company reported a total loss of HKD 9.24 million in the property development segment for 2024, worsening from a loss of HKD 0.72 million in 2023[19]. - Securities investment segment profit improved to HKD 16.37 million in 2024, compared to a loss of HKD 2.25 million in 2023, showing a turnaround[19]. - The group recorded a loss of HKD 8 million in the ferry and shipyard business, which increased by 4% compared to the previous year[48]. Future Outlook and Strategy - The group anticipates that its main revenue in 2025 will continue to come from property rental income and bank deposit interest[59]. - The group plans to adopt a flexible leasing policy to retain existing tenants and attract new ones[59]. - The group has adjusted its strategy to seek stable rental income by considering leasing the entire "Ying On" project[58]. - The group plans to expand the AMOUR clinic's operational area to provide higher quality medical beauty services[49]. - The group has signed a memorandum of understanding for a mid-term lease for all 262 residential units in the "映岸" project, pending government approval[47]. Tax and Dividend Information - The current tax provision for Hong Kong profits tax was HKD 9,027,000 for 2024, down from HKD 12,361,000 in 2023, indicating a reduction of approximately 27.5%[25]. - The total dividend payable to equity shareholders for 2024 was HKD 89,068,000, unchanged from 2023[28]. - The company plans to distribute a final dividend of HKD 0.15 per share for 2024, consistent with the previous year[28]. Market Conditions - The Hong Kong private residential property prices are expected to decline by approximately 7.1% year-on-year in 2024, marking three consecutive years of decline[57]. - The Hong Kong government has announced measures to relax mortgage loan limits, adjusting the maximum mortgage ratio for residential properties to 70%[57]. - The rental demand for private residential properties in Hong Kong is projected to increase, with rents expected to rise by approximately 3.9% year-on-year in 2024[58]. - The Hong Kong government has implemented various talent schemes, resulting in approximately 180,000 talents and their families moving to Hong Kong by the end of 2024[58]. Governance and Compliance - The group has complied with the corporate governance code as per the Listing Rules for the year ending December 31, 2024[61]. - The group holds ample cash with no borrowings, positioning itself to wait for new investment opportunities[59].

HONG KONG FERRY (HOLDINGS) COMPANY LIMITED 香 港 小 輪 ( 集 團 ) 有 限 公 司 (Stock Code 股份代號 : 50) o O PP 7 0 INTERIM REPORT 中期報告 2024 商界展開懷 caringcompany Bary Count of Touris In Touris In Brond of Sun Particle Commend Contents 目錄 1 Interim Results and Dividends 中期業績及股息 1 Management Discussion and Analysis 管理層討論及分析 1 Business Review 業務回顧 3 Prospects 展望 4 Financial Review 財務回顧 5 Other Information 其他資料 7 Disclosure of Interests 披露權益資料 11 Interim Financial Report 中期財務報告 11 Consolidated Statement of Profit or Loss 綜合損益表 ...

Financial Highlights [Consolidated Statement of Profit or Loss](index=1&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss) For H1 2024, revenue grew 23% to HKD 210,743 thousand, operating profit declined 13.6%, and net profit remained stable | Indicator | For the six months ended June 30, 2024 (thousand HKD) | For the six months ended June 30, 2023 (thousand HKD) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 210,743 | 171,269 | +23.0% | | Direct Costs | (130,787) | (106,181) | +23.2% | | Gross Profit | 79,956 | 65,088 | +22.8% | | Other Income | 34,824 | 36,906 | -5.6% | | Other Net Income | 6,318 | 3,773 | +67.5% | | Fair Value Gain on Investment Properties | 2,020 | 21,196 | -90.5% | | Distribution and Selling Expenses | (3,877) | (5,297) | -26.8% | | Administrative Expenses | (45,115) | (35,917) | +25.6% | | Other Operating Expenses | (1,690) | (1,864) | -9.4% | | Operating Profit | 72,436 | 83,885 | -13.6% | | Profit Before Tax | 95,617 | 101,131 | -5.4% | | Taxation | (8,137) | (13,140) | -38.1% | | Profit for the Period | 87,480 | 87,991 | -0.6% | | Profit Attributable to Equity Holders of the Company | 89,596 | 90,027 | -0.5% | | Earnings Per Share (HKD) | 0.25 | 0.25 | 0.0% | [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For H1 2024, total comprehensive income rose 5.5% to HKD 97,750 thousand, mainly from increased revaluation reserves for financial assets | Indicator | For the six months ended June 30, 2024 (thousand HKD) | For the six months ended June 30, 2023 (thousand HKD) | Change (%) | | :--- | :--- | :--- | :--- | | Profit for the Period | 87,480 | 87,991 | -0.6% | | Net Change in Revaluation Reserve for Securities | 10,270 | 4,686 | +119.2% | | Total Comprehensive Income for the Period | 97,750 | 92,677 | +5.5% | | Total Comprehensive Income Attributable to Equity Holders of the Company | 99,866 | 94,713 | +5.4% | [Consolidated Statement of Financial Position](index=3&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2024, total assets less current liabilities, net assets, and total equity all showed modest growth | Indicator | June 30, 2024 (thousand HKD) | December 31, 2023 (thousand HKD) | Change (%) | | :--- | :--- | :--- | :--- | | **Non-current Assets** | | | | | Investment Properties | 2,490,790 | 2,488,690 | +0.1% | | Interests in Associates | 5,150 | 6,370 | -19.1% | | Interests in Joint Ventures | 673,429 | 700,385 | -3.9% | | Other Financial Assets | 120,853 | 107,189 | +12.7% | | **Current Assets** | | | | | Inventories | 1,803,028 | 1,802,140 | +0.05% | | Trade and Other Receivables | 183,222 | 164,130 | +11.6% | | Cash and Bank Balances | 1,860,554 | 1,825,434 | +1.9% | | **Current Liabilities** | | | | | Trade and Other Payables | (198,302) | (212,823) | -6.9% | | **Net Assets** | 7,008,949 | 6,964,640 | +0.6% | | **Total Equity Attributable to Equity Holders of the Company** | 7,017,002 | 6,970,577 | +0.7% | Notes to the Financial Statements [Basis of Preparation and Changes in Accounting Policies](index=5&type=section&id=Basis%20of%20Preparation%20and%20Changes%20in%20Accounting%20Policies) The interim financial report follows HKAS 34 and HKFRS amendments, with no material impact on the Group's financial position - The interim financial report is prepared in accordance with HKAS 34 and complies with the disclosure requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited[5](index=5&type=chunk) - The Group has applied several amendments to HKFRS, including HKAS 1 (Amendments) and HKFRS 16 (Amendments), which had no material impact on the results or financial position for the current or prior accounting periods[6](index=6&type=chunk) [Segment Reporting](index=6&type=section&id=Segment%20Reporting) The Group operates five segments: property development, property investment, ferry/shipyard, healthcare, and securities investment, primarily in Hong Kong - The Group has five reportable segments: property development, property investment, ferry, shipyard and related businesses, healthcare, medical aesthetics and beauty services, and securities investment[7](index=7&type=chunk) - No geographical segment information is provided as substantially all business revenue and operating profit are derived from Hong Kong[7](index=7&type=chunk) [Overview of Operating Segments](index=6&type=section&id=Overview%20of%20Operating%20Segments) - Operating segments include property development (developing and selling properties), property investment (rental income from properties), ferry, shipyard and related businesses (dangerous goods vehicle ferry services, vessel repair, sightseeing cruise sales), healthcare, medical aesthetics and beauty services, and securities investment (dividends, interest, and other income from listed securities)[7](index=7&type=chunk) [Segment Revenue Analysis](index=7&type=section&id=Segment%20Revenue%20Analysis) | Segment | For the six months ended June 30, 2024 (Revenue from external customers, thousand HKD) | For the six months ended June 30, 2023 (Revenue from external customers, thousand HKD) | Change (%) | | :--- | :--- | :--- | :--- | | Property Development | – | 32 | -100% | | Property Investment | 87,045 | 83,773 | +3.9% | | Ferry, Shipyard and Related Businesses | 88,923 | 69,159 | +28.6% | | Healthcare, Medical Aesthetics and Beauty Services | 18,954 | 4,258 | +345.1% | | Securities Investment | 4,185 | 7,719 | -45.8% | | Others | 46,460 | 43,234 | +7.5% | | **Total** | **245,567** | **208,175** | **+17.9%** | - Revenue from the healthcare, medical aesthetics and beauty services segment grew significantly by **345.1%**, while ferry, shipyard and related businesses revenue increased by **28.6%**[10](index=10&type=chunk) [Segment Results Analysis](index=8&type=section&id=Segment%20Results%20Analysis) | Segment | For the six months ended June 30, 2024 (Reported segment profit/(loss), thousand HKD) | For the six months ended June 30, 2023 (Reported segment profit/(loss), thousand HKD) | Change (%) | | :--- | :--- | :--- | :--- | | Property Development | (2,966) | 1,833 | -261.8% | | Property Investment | 45,416 | 61,175 | -25.8% | | Ferry, Shipyard and Related Businesses | (2,975) | (3,865) | +23.0% | | Healthcare, Medical Aesthetics and Beauty Services | (17,087) | (17,537) | +2.6% | | Securities Investment | 4,500 | (3,374) | +233.5% | | **Total** | **26,888** | **38,232** | **-29.7%** | - The securities investment segment turned from loss to profit, recording a **HKD 4,500 thousand profit**, an increase of **233.5%**[12](index=12&type=chunk) - Property investment segment profit decreased by **25.8%**, mainly due to lower fair value gains on investment properties[12](index=12&type=chunk)[13](index=13&type=chunk) - Losses from ferry, shipyard and related businesses decreased by **23.0%**, and losses from healthcare, medical aesthetics and beauty services also slightly narrowed[12](index=12&type=chunk) [Reconciliation of Reported Segment Profit](index=8&type=section&id=Reconciliation%20of%20Reported%20Segment%20Profit) | Indicator | For the six months ended June 30, 2024 (thousand HKD) | For the six months ended June 30, 2023 (thousand HKD) | | :--- | :--- | :--- | | Reported segment profit from external customers | 26,888 | 38,232 | | Other profit from external customers | 45,548 | 45,653 | | Interest on lease liabilities | (218) | (149) | | Share of profits of associates and joint ventures (net) | 23,399 | 17,395 | | **Profit Before Tax in Consolidated Statement of Profit or Loss** | **95,617** | **101,131** | - Share of profits of associates and joint ventures (net) significantly increased from HKD 17,395 thousand to **HKD 23,399 thousand**, a **34.5%** increase[13](index=13&type=chunk) [Other Financial Information](index=9&type=section&id=Other%20Financial%20Information) This section details other net income, profit before tax components, taxation, dividend policy, EPS, and trade receivables/payables [Other Net Income](index=9&type=section&id=Other%20Net%20Income) | Item | For the six months ended June 30, 2024 (thousand HKD) | For the six months ended June 30, 2023 (thousand HKD) | Change (%) | | :--- | :--- | :--- | :--- | | Fair value changes of other financial assets designated at FVTPL | 3,394 | (4,408) | +177.0% | | Miscellaneous income | 2,632 | 1,962 | +34.1% | | Income from sale of parts | 296 | 481 | -38.4% | | Net (loss)/gain on exchange | (4) | 5 | -180.0% | | Construction cost adjustment | – | 5,239 | -100% | | Gain on lease modification | – | 494 | -100% | | **Total** | **6,318** | **3,773** | **+67.5%** | - The fair value change of other financial assets designated at fair value through profit or loss turned from a loss to a gain, which is the primary reason for the significant increase in other net income[14](index=14&type=chunk) [Components of Profit Before Tax](index=9&type=section&id=Components%20of%20Profit%20Before%20Tax) | Item | For the six months ended June 30, 2024 (thousand HKD) | For the six months ended June 30, 2023 (thousand HKD) | | :--- | :--- | :--- | | Amortisation of land lease premiums | 685 | 685 | | Cost of inventories | 10,287 | 9,383 | | Depreciation – owned property, plant and equipment | 5,463 | 5,174 | | Depreciation – right-of-use assets | 3,474 | 4,456 | | Dividend income from listed investments | (1,329) | (1,229) | | Interest income | (48,418) | (48,774) | - Interest income and dividend income from listed investments are significant positive contributors to profit before tax[15](index=15&type=chunk) [Taxation](index=9&type=section&id=Taxation) | Item | For the six months ended June 30, 2024 (thousand HKD) | For the six months ended June 30, 2023 (thousand HKD) | | :--- | :--- | :--- | | Current tax – Hong Kong Profits Tax provision for the period | 3,427 | 5,479 | | Deferred tax – origination and reversal of temporary differences | 4,710 | 7,661 | | **Total Taxation** | **8,137** | **13,140** | - Total tax expense decreased by **38.1%** year-on-year, mainly due to reductions in Hong Kong Profits Tax provision and deferred tax[17](index=17&type=chunk) - Hong Kong Profits Tax provision is calculated at an estimated annual effective tax rate of **16.5%**, with some subsidiaries applying a two-tiered tax rate (8.25% for the first HKD 2 million of assessable profits)[19](index=19&type=chunk) [Dividends](index=10&type=section&id=Dividends) | Dividend Type | For the six months ended June 30, 2024 (thousand HKD) | For the six months ended June 30, 2023 (thousand HKD) | | :--- | :--- | :--- | | Final dividend in respect of prior financial year approved and paid during the interim period (HKD 0.15 per share) | 53,441 | 53,441 | | Interim dividend declared and paid after the interim period (HKD 0.10 per share) | 35,627 | 35,627 | | Special dividend in respect of prior financial year approved and paid during the interim period (HKD 0.00 per share) | – | 356,274 | | **Total** | **89,068** | **445,342** | - No special dividend was distributed this period, whereas a special dividend of **HKD 1.00 per share** was distributed in the prior period, leading to a significant decrease in total dividends paid[19](index=19&type=chunk) [Earnings Per Share](index=10&type=section&id=Earnings%20Per%20Share) | Indicator | For the six months ended June 30, 2024 | For the six months ended June 30, 2023 | | :--- | :--- | :--- | | Profit attributable to equity holders (thousand HKD) | 89,596 | 90,027 | | Number of ordinary shares in issue | 356,273,883 | 356,273,883 | | **Basic and Diluted Earnings Per Share (HKD)** | **0.25** | **0.25** | - Basic and diluted earnings per share remained consistent with the prior period at **HKD 0.25**, as there were no potentially dilutive ordinary shares during the period[19](index=19&type=chunk) [Trade and Other Receivables](index=11&type=section&id=Trade%20and%20Other%20Receivables) | Item | June 30, 2024 (thousand HKD) | December 31, 2023 (thousand HKD) | | :--- | :--- | :--- | | **Non-current** | | | | Instalment receivables | 84,700 | 88,489 | | Other receivables and prepayments | 2,481 | 2,481 | | **Current** | | | | Trade receivables (net of loss allowance) | 68,450 | 57,669 | | Instalment receivables | 2,447 | 2,480 | | Other receivables and prepayments | 82,861 | 77,426 | | Amounts due from joint ventures | 31,911 | 29,035 | | **Total Current Trade and Other Receivables** | **183,222** | **164,130** | | Ageing of Trade Receivables (net of loss allowance) | June 30, 2024 (thousand HKD) | December 31, 2023 (thousand HKD) | | :--- | :--- | :--- | | Current | 39,976 | 30,397 | | Overdue 1 to 3 months | 26,278 | 26,082 | | Overdue over 3 months but less than 12 months | 1,957 | 1,173 | | Overdue over 12 months | 239 | 17 | | **Total** | **68,450** | **57,669** | - Total current trade receivables increased by **11.6%**, with current trade receivables growing by **31.5%**[20](index=20&type=chunk)[22](index=22&type=chunk) - Amounts due from related companies totaled **HKD 66,947 thousand**, which are unsecured, interest-free, and repayable on demand[20](index=20&type=chunk) [Trade and Other Payables](index=12&type=section&id=Trade%20and%20Other%20Payables) | Ageing of Trade Payables | June 30, 2024 (thousand HKD) | December 31, 2023 (thousand HKD) | | :--- | :--- | :--- | | Current or due within one month | 111,503 | 131,004 | | Due after one month but within three months | 1,002 | 1,265 | | Due after three months but within twelve months | – | – | | Over twelve months | 16 | 2 | | **Total** | **112,521** | **132,271** | - Total trade payables decreased by **14.9%**, primarily due to a reduction in amounts due within one month[23](index=23&type=chunk) - Amounts due to related companies totaled **HKD 23,600 thousand**, which are unsecured, interest-free, and repayable within 30-45 days or on demand[23](index=23&type=chunk) Management Discussion and Analysis [Interim Results and Dividends](index=13&type=section&id=Interim%20Results%20and%20Dividends) For H1 2024, consolidated net profit after tax and EPS remained stable, with an interim dividend of HKD 0.10 per share | Indicator | For the six months ended June 30, 2024 | For the six months ended June 30, 2023 | | :--- | :--- | :--- | | Consolidated Net Profit After Tax | HKD 87.5 million | HKD 87.5 million | | Earnings Per Share | HKD 0.25 | HKD 0.25 | | Underlying Profit Attributable to Shareholders (excluding fair value changes of investment properties) | HKD 85.5 million | HKD 66.8 million (estimated) | | Interim Dividend (per share) | HKD 0.10 | HKD 0.10 | - Excluding fair value changes of investment properties, the Group's underlying profit attributable to shareholders increased by approximately **28%** compared to the prior period[24](index=24&type=chunk) [Business Review](index=13&type=section&id=Business%20Review) Operating profit was driven by property rentals and bank interest, with growth in property investment and healthcare, and reduced ferry losses - The Group's operating profit primarily stems from shop and mall rental income and bank deposit interest, with no borrowings[25](index=25&type=chunk) [Property Development and Investment Business](index=13&type=section&id=Property%20Development%20and%20Investment%20Business) - Gross rental income from shops and malls was **HKD 63 million**, a **6%** year-on-year increase, with high occupancy rates for major shops, including "The Reach," "The Vantage," and "The Avenue," which are fully leased[26](index=26&type=chunk) - Two residential units were sold in "The Regent" joint venture development, with remaining units and car parking spaces continuing to be offered for sale[27](index=27&type=chunk) - The "The Shore" redevelopment project has obtained its occupation permit, interior decoration is largely complete, and some units may be converted to rental properties to increase recurring income[28](index=28&type=chunk) [Ferry, Shipyard and Related Businesses](index=14&type=section&id=Ferry%2C%20Shipyard%20and%20Related%20Businesses) - The ferry, shipyard and related businesses recorded a **HKD 3 million loss**, a **23%** year-on-year reduction, benefiting from increased fares for dangerous goods vehicle ferry services and the recovery of the "Bauhinia Victoria Harbour Cruise" business[29](index=29&type=chunk) [Healthcare, Medical Aesthetics and Beauty Services](index=14&type=section&id=Healthcare%2C%20Medical%20Aesthetics%20and%20Beauty%20Services) - Revenue for the medical aesthetics brand AMOUR medical aesthetics clinic increased by approximately **280%** year-on-year, with prepaid package receipts reaching **HKD 12 million**[30](index=30&type=chunk) - The Group is actively expanding its medical specialist business, establishing a cancer center in collaboration with ICON, and operating its own "Comprehensive Medical Specialist Centre," with steadily improving performance[30](index=30&type=chunk) - Pain management medical services have been launched, introducing advanced medical equipment and a professional team, which has been well-received by customers[30](index=30&type=chunk) [Outlook](index=14&type=section&id=Outlook) Global economic uncertainty persists, impacting Hong Kong's residential market, though the rental market remains robust, with government initiatives expected to boost tourism - Global economic uncertainty is heightened by central bank interest rate policy adjustments (ECB, BoE rate cuts; BoJ rate hike) and the US presidential election[31](index=31&type=chunk) - Hong Kong's residential property market saw increased transactions after demand-side management measures were lifted but has recently softened due to high interest rates; the residential rental index rose approximately **4%** year-on-year, expected to continue in H2[32](index=32&type=chunk) - The Hong Kong government's promotion of event economy, increased Individual Visit Scheme cities for mainland visitors, and talent schemes are expected to boost tourism, hotel, catering, and retail sectors, though local catering and retail face challenges from cross-border consumption[32](index=32&type=chunk) - The Group anticipates that major revenue in H2 will continue to come from shop and mall rentals and bank deposit interest[32](index=32&type=chunk) [Financial Review](index=15&type=section&id=Financial%20Review) Group revenue increased 23% to HKD 211 million, driven by ferry and healthcare, with stable net profit, growing shareholder equity, and a strong liquidity ratio [Performance Review](index=15&type=section&id=Performance%20Review) - For the six months ended June 30, 2024, the Group's revenue was **HKD 211 million**, a **23%** increase from the prior period, primarily due to increased revenue from ferry, shipyard and related businesses and healthcare, medical aesthetics and beauty services[32](index=32&type=chunk) - The Group's consolidated net profit after tax was **HKD 87.5 million**, consistent with the prior period[32](index=32&type=chunk) [Liquidity, Financial Resources and Capital Structure](index=16&type=section&id=Liquidity%2C%20Financial%20Resources%20and%20Capital%20Structure) - As of June 30, 2024, the Group's shareholder equity increased by approximately **1%** to **HKD 7 billion** from December 31, 2023, mainly due to recognized property lease profits and deducted dividends paid[33](index=33&type=chunk) - Current assets were **HKD 3.847 billion**, current liabilities were **HKD 227 million**, and the liquidity ratio increased to **16.9 times**, primarily due to increased trade and other receivables and decreased payables[33](index=33&type=chunk) [Capital and Gearing Ratios and Financial Management](index=16&type=section&id=Capital%20and%20Gearing%20Ratios%20and%20Financial%20Management) - The Group has no bank borrowings, thus no capital and gearing ratios are presented; financing and treasury matters are centrally managed, primarily denominated in HKD[34](index=34&type=chunk) [Employees and Remuneration Policy](index=16&type=section&id=Employees%20and%20Remuneration%20Policy) The Group employed approximately 300 staff as of June 30, 2024, with market-based remuneration and comprehensive benefits - The Group employs approximately **300 staff**, with remuneration determined by market trends and industry salary levels[35](index=35&type=chunk) - Employee benefits include medical insurance, retirement protection schemes, staff training, and education allowances[35](index=35&type=chunk) Other Information [Share Registrar](index=16&type=section&id=Share%20Registrar) Share transfer registration will be suspended from September 11-12, 2024, to ensure interim dividend entitlement - The company will temporarily suspend share transfer registration on September 11 and September 12, 2024[36](index=36&type=chunk) - To ensure entitlement to the interim dividend, all share transfer documents must be lodged with the share registrar by 4:30 p.m. on September 10, 2024[36](index=36&type=chunk) [Dealings in Listed Securities](index=16&type=section&id=Dealings%20in%20Listed%20Securities) Neither the company nor its subsidiaries engaged in listed securities transactions, and no directors or associates benefited from dealing in shares - Neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities during the review period[36](index=36&type=chunk) - No directors, chief executives, or their spouses or children under 18 years of age obtained any benefits from purchasing shares, share options, bonds, or warrants of the company or any other body corporate during the period[37](index=37&type=chunk) [Corporate Governance](index=17&type=section&id=Corporate%20Governance) The company upholds high corporate governance, complying with the Listing Rules' Code, with all directors meeting securities transaction standards - The company has complied with the provisions of the Corporate Governance Code as set out in Appendix C1 of the Listing Rules[38](index=38&type=chunk) - All directors met the required standards set out in the Model Code for Securities Transactions by Directors of Listed Issuers for the six months ended June 30, 2024[39](index=39&type=chunk) - The company has also adopted written guidelines, no less exacting than the Model Code, for relevant employees regarding their dealings in the company's securities[39](index=39&type=chunk) [Committee Reports](index=17&type=section&id=Committee%20Reports) The Audit Committee reviewed the interim financial report without objection, confirmed by KPMG, and the Remuneration Committee met in May - The Audit Committee has reviewed the unaudited interim financial report for the six months ended June 30, 2024, and has no disagreement[40](index=40&type=chunk) - The interim financial report was reviewed by KPMG in accordance with Hong Kong Standard on Review Engagements 2410, and an unmodified review report was issued[40](index=40&type=chunk) - The Remuneration Committee held a meeting in May 2024, comprising three independent non-executive directors and two executive directors[41](index=41&type=chunk) [Forward-Looking Statements and Report Publication](index=18&type=section&id=Forward-Looking%20Statements%20and%20Report%20Publication) This announcement contains forward-looking statements, with actual results potentially differing due to risks, and interim results are published online - Forward-looking statements in this announcement are based on the Board's current beliefs, assumptions, and expectations, and actual results may differ materially due to risks, uncertainties, and other uncontrollable factors[43](index=43&type=chunk) - The interim results announcement has been published on the company's website (www.hkf.com) and the HKEXnews website (www.hkexnews.hk)[44](index=44&type=chunk) - The company's 2024 interim financial report will be dispatched to shareholders and published on the aforementioned websites in due course[44](index=44&type=chunk)

"亚洲股神"香港首富李兆基也打眼？香港小轮（集团）：渡轮服 务长期亏损，投资价值无从谈起 导语：股神的作业，不能随便抄。 作者：市值风云 App：布偶 香港四大富豪之一的李兆基，在香港人送外号"亚洲股神"，与李嘉诚多年来 在富豪榜上激烈竞争香港首富的头衔。李兆基曾在 2020 年以 304 亿美元身家超 越李嘉诚，成为当年香港首富。 虽然李兆基的投资版图不止于地产行业，但作为以房地产起家的他，投资风格 依然带有香港地产商人的烙印，偏好具有区域垄断优势或独特竞争优势的企业， 看重其带来的定价能力和长期稳定的现金流。 早在 1970 年代中期，李兆基就开始持续买入香港小轮（集团）（00050.HK， 下称"香港小轮"或"公司"）的股票，看中的正是这家公司拥有的土地资源、 稳定的现金流以及较低的股价。 一、股神青睐的投资标的 香港小轮成立于 1923 年，前身为香港油麻地小轮船公司，航线服务曾是公司的 重要核心业务。最初提供来往中环至深水埗、旺角及油麻地的航线服务，并后 来扩展至新界及离岛。1989 年，公司进行重组，更名为香港小轮集团。 截至 2023 年末，李兆基家族通过恒基兆业地产及其子公司间接持有香港小轮集 ...

Financial Performance - Revenue for the year 2023 was HKD 375 million, an increase of 33% compared to HKD 281 million in 2022[3] - Shareholders' profit attributable decreased significantly to HKD 190 million, down 85% from HKD 1,299 million in the previous year[3] - The proposed final dividend per share is HKD 0.15, a decrease of 80% from HKD 1.00 in 2022[10] - The return on equity (ROE) dropped to 2.7%, down 85% from 18.0% in the previous year[3] - The group recorded a loss of HKD 7.6 million from ferry and shipyard operations, an increase in loss of HKD 2.2 million compared to the previous year[13] - The group reported a profit for the year ending December 31, 2023, with detailed financial statements available on pages 98 to 179 of the annual report[34] - The interim dividend per share is HKD 0.10, consistent with the previous year, and the proposed final dividend is HKD 0.15 per share, totaling HKD 0.25 for the year[34] - The company reported a profit attributable to shareholders of HKD 190,393,000 for the year ended December 31, 2023, compared to HKD 1,299,136,000 in 2022, indicating a significant decrease[93] Assets and Liabilities - The group’s current assets were approximately HKD 3.79 billion, with current liabilities of about HKD 241 million as of December 31, 2023[21] Visitor and Supplier Information - The group anticipates an increase in visitor numbers to Hong Kong, with approximately 1.43 million visitors recorded during the Chinese New Year holiday, of which 1.25 million were from mainland China[16] - The group’s largest supplier accounted for 38.2% of total purchases, while the top five suppliers combined accounted for 55.7%[33] Environmental and Safety Initiatives - The group is actively involved in environmental policies, encouraging suppliers to reduce carbon emissions and energy consumption[26] - The group has implemented safety measures in its shipyard and medical services to ensure employee health and safety[28] - The group actively participates in various environmental protection activities, contributing to climate challenges through sustainable development considerations in property development and investment[56] - The company is committed to aligning its operations with the Hong Kong Climate Action Blueprint 2050, actively adjusting its business operations to meet climate change goals[173] - The company is committed to enhancing climate-related disclosures in response to trends and recommendations from the Hong Kong Stock Exchange[173] Corporate Governance - The board of directors includes several key members, with specific roles and responsibilities outlined in the annual report[34] - The company has established appropriate insurance coverage for potential legal claims against its directors and senior management[39] - The board is committed to maintaining high standards of corporate governance, believing it is fundamental to effective operations and enhancing shareholder value[88] - The company has maintained the required public float as per the Listing Rules[103] - The company has established a whistleblowing policy allowing stakeholders, including employees, to report any actual or suspected misconduct[164] - The company has ensured compliance with corporate governance regulations and has disclosed relevant information in its annual report[135] - The company confirmed compliance with the standards set out in the Listing Rules Appendix C3 for the financial year ending December 31, 2023[162] Board Composition and Diversity - The board consists of nine members, including three executive directors, two non-executive directors, and four independent non-executive directors[120] - The company has maintained a gender diversity policy, achieving a board composition of approximately 89% male and 11% female directors[121] - The board has established a nomination policy to ensure a diverse range of skills and experiences among its members[123] - The company has a gender diversity ratio among its 284 employees, with approximately 59% male and 41% female[123] - The board's independent non-executive directors have confirmed their independence annually[126] Risk Management - The risk management framework involves both top-down and bottom-up approaches to identify and mitigate risks[164] - Major risks identified include business, financial, regulatory, and operational risks, with monitoring strategies reported to the audit committee, which found the risk management and internal control systems to be overall effective and sufficient[168] - The internal audit department has adopted a risk-based approach to include all significant risks in the annual audit plan, assessing the effectiveness of the risk management and internal control systems as of December 31, 2023[166] Community Engagement - Charitable donations made by the group during the year amounted to HKD 68,150, an increase from HKD 18,725 in the previous year[34] - The company is dedicated to community development and giving back to local communities in Hong Kong[120] - Total hours of volunteer activities and community project participation amounted to 596 hours[199] Training and Development - Total training hours for employees reached 4,548 hours[199] - Continuous professional development is facilitated for directors through written materials and seminars on applicable laws and regulations[128] Audit and Compliance - The audit committee reviewed the audited financial statements for the fiscal year ending December 31, 2023, and discussed matters with internal audit and external auditors[102] - The Audit Committee supervises the effectiveness of the group's risk management and internal control systems, including the adequacy of resources and staff qualifications[131] - The audit committee and board are not aware of any matters that could significantly impact the group's financial position or operational performance[168]

Financial Performance - The group's revenue for the year was approximately HKD 375 million, representing a 33.5% increase compared to the previous year, primarily due to increased interest income[17] - The net profit after tax for the year was approximately HKD 186 million, a decrease of about 86% compared to the same period in 2022, mainly due to the absence of revenue from the "Imperial" joint development project[30] - The earnings per share for the year were HKD 0.53, compared to HKD 3.65 in 2022[30] - For the fiscal year ending December 31, 2023, the company reported a profit of HKD 185,866,000, a significant decrease from HKD 1,299,136,000 in the previous year, representing a decline of approximately 85.7%[40] - Total revenue for the year was HKD 374,605,000, up from HKD 280,632,000 in 2022, indicating an increase of about 33.5%[40] - Operating profit for the year was HKD 174,325,000, slightly down from HKD 176,345,000 in the previous year, reflecting a decrease of approximately 1.1%[40] - Total comprehensive income for the year was HKD 185,725,000, down from HKD 1,302,807,000 in 2022, a decrease of approximately 85.7%[41] Assets and Liabilities - As of December 31, 2023, total assets amounted to HKD 7,048,545,000, a decrease from HKD 7,303,688,000 in the previous year, representing a decline of about 3.5%[42] - The company's net asset value as of December 31, 2023, was HKD 6,964,640,000, down from HKD 7,218,257,000 in 2022, indicating a decrease of approximately 3.5%[42] - The company's total liabilities as of December 31, 2023, were HKD 409,715,000, compared to HKD 53,441,000 in 2022, indicating a significant increase[93] - The group's total liabilities include a rental land price amortization of HKD 1,369,000, consistent with the previous year[62] - The total trade and other receivables as of December 31, 2023, amounted to HKD 57,669,000, up from HKD 53,784,000 in 2022, representing an increase of approximately 7.0%[9] Revenue Segments - The medical beauty clinic AMOUR, opened in August 2022, saw its revenue grow eightfold to HKD 2.76 million by December 2023, although it still reported a loss of HKD 30 million[15] - The revenue from the real estate investment segment was HKD 170,149,000 in 2023, up from HKD 160,034,000 in 2022, indicating a growth of about 6.6%[79] - The healthcare and beauty services segment generated revenue of HKD 166,040,000 in 2023, compared to HKD 123,434,000 in 2022, reflecting a significant increase of approximately 34.4%[79] - The group's rental income from shops in 2023 was approximately HKD 122 million, with full occupancy for "Bright Residence" and "City Center" shops, and an occupancy rate of 89% for "Jiaxian Residence" shops[100] Corporate Governance and Compliance - The group has maintained high corporate governance standards and complied with the Corporate Governance Code during the reporting period[23] - The company did not apply retrospective changes to accounting policies due to the minimal impact of the removal of the offsetting mechanism on its financial results[37] - The group has not adopted any new accounting standards that are not yet effective during the current period, ensuring stability in financial reporting[46] Future Outlook and Developments - The group anticipates an increase in visitors to Hong Kong, benefiting various sectors including retail and hospitality, due to government support and relaxed travel restrictions[22] - The group plans to open a new clinic in "Harbour Plaza" in April 2024, expanding its pain management services with new medical equipment and professional therapists[104] - The local economy is gradually recovering, which is expected to benefit the group's business and support stable development[134] Employee and Operational Metrics - The group’s employee count increased to approximately 284, up from 250 in the previous year, with total employee costs around HKD 130 million[20] - The group has delivered 1,746 residential units to buyers, with 35 remaining units and parking spaces to be sold in batches[125] - The group is gradually expanding its medical specialty business, collaborating with ICON to establish a cancer center in Tsim Sha Tsui, which has been profitable since its mid-year opening[128] Other Financial Metrics - The group received government relief measures amounting to HKD 5,300,000 for the current year, compared to HKD 2,592,000 in the previous year, reflecting increased support due to the pandemic[60] - The total other income for the current period is HKD 83,723,000, down from HKD 150,482,000 in the previous year, indicating a decline of approximately 44.4%[50] - The group’s interest income from financial assets at fair value through profit or loss decreased to HKD 99,096,000 from HKD 110,569,000, a decline of about 10.3%[62] - The company recorded a decrease in interest income from HKD 79,400,000 in 2022 to HKD 10,296,000 in 2023, a decline of about 87.0%[84]