Financial Performance - Revenue for the six months ended December 31, 2024, was HKD 67,724,000, an increase of 7.9% compared to HKD 63,149,000 for the same period in 2023[2] - Operating loss for the period was HKD 53,148,000, compared to an operating loss of HKD 8,645,000 in the previous year, representing a significant increase in losses[2] - Net loss for the period was HKD 61,486,000, compared to a net loss of HKD 17,562,000 in the same period last year, indicating a worsening financial performance[3] - Total comprehensive loss for the period was HKD 65,898,000, compared to a total comprehensive loss of HKD 9,967,000 in the previous year[3] - Basic and diluted loss per share was HKD 3.06, compared to HKD 0.97 for the same period in 2023, reflecting a decline in shareholder value[3] - The total loss before tax for the six months ended December 31, 2024, was HKD 60,443,000, compared to a loss of HKD 14,497,000 for the same period in 2023[13] - For the six months ending December 31, 2024, the company reported a loss attributable to shareholders of approximately HKD 59.3 million, compared to a loss of HKD 18.8 million for the same period in 2023, representing an increase in loss of approximately HKD 40.5 million[62] Asset and Liability Management - Non-current assets decreased to HKD 1,160,395,000 from HKD 1,292,076,000 as of June 30, 2024, indicating a reduction in asset base[5] - Current assets increased to HKD 260,623,000 from HKD 214,844,000, showing improved liquidity position[5] - Total liabilities decreased to HKD 202,183,000 from HKD 193,564,000, suggesting a slight improvement in financial obligations[6] - Total assets as of December 31, 2024, amounted to HKD 1,421,018,000, with liabilities totaling HKD 320,316,000[15] - The total amount of loans without impairment as of December 31, 2024, was HKD 267,494,000, compared to HKD 261,689,000 as of June 30, 2024, showing an increase of approximately 2.9%[33] - The total receivables for loans as of December 31, 2024, amounted to approximately HKD 339.2 million, a decrease of approximately HKD 63.1 million from HKD 402.3 million as of June 30, 2024[66] Investment and Revenue Segments - The credit business generated revenue of HKD 41,581,000, while the hotel operations and property leasing segments reported revenues of HKD 9,968,000 and HKD 16,175,000, respectively[13] - The hotel operations segment incurred a loss of HKD 31,454,000, while the property leasing segment reported a profit of HKD 3,318,000[13] - Hotel room revenue for the six months ending December 31, 2024, was approximately HKD 10.0 million, a slight decrease of approximately HKD 1.0 million from HKD 11.0 million for the same period in 2023[67] - The hotel operations segment recorded an average occupancy rate of 93.7% for the six months ending December 31, 2024[67] Impairment and Provisions - The company reported a fair value loss on investment properties of HKD 17,257,000, compared to a loss of HKD 4,200,000 in the previous year, indicating challenges in property valuation[2] - The provision for loan impairment increased to HKD 46,154,000 as of December 31, 2024, compared to HKD 39,844,000 as of June 30, 2024, reflecting an increase of approximately 15.5%[35] - The provision for interest receivables increased to HKD 9,595,000 as of December 31, 2024, from HKD 5,406,000 as of June 30, 2024, marking an increase of approximately 77.5%[37] - The provision for estimated irrecoverable trade receivables was approximately HKD 205,000 as of December 31, 2024, down from HKD 338,000 on June 30, 2024[44] Corporate Governance and Compliance - The company has adhered to the corporate governance principles outlined in the Stock Exchange Listing Rules Appendix C1, ensuring high-quality board practices and transparency to shareholders[90] - The audit committee has reviewed the interim results for the six months ending December 31, 2024, confirming compliance with applicable accounting standards and sufficient disclosure[91] - The interim results announcement will be published on the Stock Exchange website and the company's website, with reports sent to shareholders in due course[92] Future Outlook and Strategy - The company believes that maintaining stable operations in existing business segments will lead to continuous improvement in business and financial conditions in the future[63] - The company remains cautiously optimistic about the long-term prospects of the Hong Kong hotel industry[70] - The group continues to seek appropriate investment opportunities that align with its business strategy[85] - The company has established an AI-supported predictive analytics platform to forecast market fluctuations and reduce capital mismatch risks in response to rising financing costs and bad debt rates[66] - The company has introduced deep learning algorithms to create a dynamic credit scoring model, enhancing risk assessment accuracy and improving loan approval efficiency through an AI-supported automated loan approval system[65] Employee and Shareholder Information - As of December 31, 2024, the total number of employees was 82, with compensation policies reviewed by the remuneration committee[86] - The company’s major shareholder, Ms. Lian Qiweng, held approximately 70.9% of the issued share capital as of December 31, 2024[50] - The board has resolved not to declare any interim dividend for the six months ended December 31, 2024[88]

Financial Performance - Revenue for the fiscal year ending June 30, 2023, was HKD 98,375,000, a significant increase from HKD 60,352,000 in 2022, representing a growth of 63.1%[5] - The company reported a loss attributable to owners of HKD 10,849,000 for the fiscal year 2023, compared to a loss of HKD 3,631,000 in 2022, indicating a worsening of 199.2%[5] - Basic and diluted loss per share for 2023 was HKD (0.56), compared to HKD (0.19) in 2022, reflecting an increase in loss per share of 194.7%[5] - The company reported a loss attributable to shareholders of approximately HKD 50.5 million for the year ending June 30, 2024, compared to a loss of HKD 10.8 million for the previous year, representing an increase in loss of approximately 367.6%[10] - Revenue increased by approximately 28.9% to about HKD 126.8 million for the year ending June 30, 2024, compared to HKD 98.4 million for the previous year[11] Assets and Liabilities - Total assets as of June 30, 2023, were HKD 1,219,260,000, a slight decrease from HKD 1,247,882,000 in 2022, representing a decline of 2.3%[6] - The company’s net asset value as of June 30, 2023, was HKD 1,219,260,000, compared to HKD 1,247,882,000 in 2022, indicating a decrease of 2.3%[6] - As of June 30, 2024, the company's total equity attributable to shareholders was approximately HKD 1,061.8 million, down from HKD 1,114.9 million the previous year[19] - The company's current assets net value decreased to approximately HKD 21.3 million as of June 30, 2024, from HKD 94.4 million the previous year, with a current ratio of 1.1 times[20] - Total borrowings increased to approximately HKD 209.6 million as of June 30, 2024, compared to HKD 108.0 million the previous year, including HKD 100.0 million in secured bank loans[21] Business Segments - The credit business remains the primary focus, providing unsecured personal loans and property mortgages, amidst rising financing costs and bankruptcy rates[7] - The hotel operations maintained an occupancy rate above 90%, contributing to stable revenue streams[8] - The property leasing business in Shanghai showed steady growth, with effective rental strategies leading to stable cash flow[8] - The company plans to prioritize the development of its credit business while optimizing hotel operations and property leasing in response to economic changes[8] - The group operates in three main segments: credit business, hotel operations, and property leasing, focusing on diversifying revenue sources[83] Risk Management and Compliance - The company has established credit risk management procedures to mitigate financial losses from loan defaults[152] - The company has implemented internal control measures to ensure compliance with applicable laws and regulations, including hiring external consultants when necessary[62] - The internal control system aims to enhance operational efficiency and ensure compliance with relevant laws and regulations, with annual reviews conducted by the Audit Committee[61] - The company confirmed no significant uncertainties affecting its ability to continue as a going concern after appropriate inquiries by the directors[58] - The company has a strong focus on risk management policies to achieve strategic objectives[46] Environmental, Social, and Governance (ESG) - The group adheres to the Environmental, Social, and Governance (ESG) reporting guidelines as per the Hong Kong Stock Exchange[88] - The company is committed to corporate social responsibility and has established multiple communication channels with stakeholders[86] - The company aims to reduce air pollutant emissions by 5% over the next five years, measured per HKD 1,000 of revenue[94] - The company strictly adheres to all relevant environmental laws and regulations in Hong Kong and China, including the Air Pollution Control Ordinance and the Water Pollution Control Ordinance[93] - The company aims to achieve zero carbon emissions through comprehensive energy-saving policies and the introduction of renewable energy[110] Employee and Management - The total number of employees as of June 30, 2024, was 81, with compensation policies reviewed by the remuneration committee[32] - The employee composition at the end of the reporting period shows a gender distribution of 58% male and 42% female, compared to 67% and 33% in the previous year[121] - The overall employee turnover rate increased to 60% from 49% in the previous year, with a significant rise in turnover among employees aged 41-50, reaching 100%[122] - The company adheres to local regulations regarding employee rights and benefits, ensuring fair compensation and welfare for employees[119] - The company has implemented health and safety measures, with no reported work-related injuries or fatalities during the reporting period[126] Corporate Governance - The company has maintained compliance with the corporate governance code as per the listing rules, ensuring adherence to all principles and best practices[39] - The board of directors consists of two executive directors, one non-executive director, and three independent non-executive directors, ensuring a balance of skills and independence[42] - The company has established a securities trading code for directors and relevant employees, confirming compliance with the standards set forth in the listing rules[40] - The company has a clear division of roles between the chairman and the CEO, adhering to corporate governance guidelines[43] - The company has received confirmations regarding the independence of its directors, ensuring compliance with listing rules[158] Shareholder Information - Major shareholder Ms. Lian Qiwen holds 1,374,502,606 shares, representing 70.89% of the total shares[186] - Major shareholder Mr. Huang Youcheng holds 108,000,000 shares, representing 5.57% of the total shares[186] - The company did not engage in any buybacks, sales, or redemptions of its listed securities during the year[175] - As of June 30, 2024, the company had no reserves available for distribution to shareholders[176] - The company has adopted a new share option plan on November 30, 2023, allowing for the issuance of up to 193,882,269 shares, representing 10% of the issued shares as of the report date[163]

Financial Performance - For the fiscal year ending June 30, 2024, the company reported a revenue of HKD 126,751,000, compared to HKD 98,375,000 in the previous year, representing a year-over-year increase of 28.7%[1] - The company incurred a net loss of HKD 49,028,000 for the year, significantly higher than the loss of HKD 6,552,000 in the prior year, indicating a deterioration in financial performance[2] - The basic and diluted loss per share increased to HKD 2.60 from HKD 0.56, reflecting a substantial decline in profitability[2] - Total comprehensive loss for the year was HKD 52,660,000, compared to HKD 45,256,000 in the previous year, showing an increase of 16.5%[2] - The group reported a pre-tax loss of HKD 45,487,000 for the year ended June 30, 2024, compared to a pre-tax profit of HKD 540,000 for the year ended June 30, 2023[8] - The group reported a net loss of HKD 22,012,000 for the year ended June 30, 2024, driven by high impairment losses and financing costs[7] - The company reported a net loss of approximately HKD 50,485,000 for the year, compared to a net loss of HKD 10,849,000 in the previous year[18] - The company recorded a loss of HKD 53.1 million in total comprehensive loss for the year ending June 30, 2024, compared to HKD 39.3 million in the previous year, indicating a 35% increase in comprehensive loss[37] Assets and Liabilities - Non-current assets decreased from HKD 1,043,487,000 in 2023 to HKD 1,298,641,000 in 2024, indicating a reduction in asset value[3] - The total liabilities increased from HKD 188,898,000 in 2023 to HKD 214,844,000 in 2024, indicating a rise in financial obligations[3] - The total liabilities of the group as of June 30, 2024, were HKD 340,320,000, with the credit business liabilities amounting to HKD 115,421,000[9] - The company's equity attributable to owners was approximately HKD 1,061.8 million as of June 30, 2024, down from HKD 1,114.9 million the previous year due to losses incurred[43] - The total borrowings amounted to approximately HKD 209.6 million as of June 30, 2024, an increase from HKD 108.0 million the previous year[45] - The company's total liabilities increased to HKD 151,708,000 in 2024 from HKD 54,477,000 in 2023, marking a significant increase of 178%[32] Revenue Segments - The credit business generated revenue of HKD 70,434,000 with a segment loss of HKD 13,225,000, while the hotel operations segment reported revenue of HKD 20,342,000 and a segment profit of HKD 12,000[7] - The property leasing business reported revenue of HKD 35,975,000 but incurred a segment loss of HKD 8,799,000, primarily due to a fair value loss on investment properties of HKD 27,427,000[7] - Revenue from external customers in Hong Kong for the year ended June 30, 2024, was HKD 92,149,000, up from HKD 62,867,000 in the previous year, while revenue from China was HKD 34,602,000, slightly down from HKD 35,508,000[12] - The average hotel occupancy rate reached 95.1% for the year ending June 30, 2024, with room revenue of approximately HKD 20.3 million, significantly improved from HKD 11.3 million the previous year[41] Receivables and Impairments - The company reported an increase in receivables from HKD 189,167,000 in 2023 to HKD 257,241,000 in 2024, reflecting improved credit management or sales growth[3] - The company's receivables from loans, net of provisions, increased to HKD 362,494,000 from HKD 286,633,000, indicating a growth of 26.4%[23] - The total receivables for loans reached approximately HKD 402.3 million as of June 30, 2024, an increase of about HKD 97.9 million from HKD 304.4 million the previous year[40] - The impairment provision for receivables increased to HKD 39,844,000 in 2024 from HKD 17,803,000 in 2023, reflecting a significant rise in default probabilities[25] - The total overdue receivables exceeding 365 days decreased to HKD 26,714,000 in 2024 from HKD 31,949,000 in 2023[24] - The provision for estimated irrecoverable trade receivables was approximately HKD 338,000 as of June 30, 2024, down from HKD 794,000 in the previous year, representing a 57% decrease[30] Governance and Management - The board of directors is composed of executive directors including the chairperson, Lian Qiwen, and Zhang Yiwei, along with non-executive and independent non-executive directors[67] - The company is focused on maintaining a strong leadership team to guide its strategic initiatives and market expansion efforts[67] - The presence of independent directors suggests a commitment to transparency and accountability in corporate practices[67] - The board's composition may reflect the company's commitment to stakeholder interests and long-term value creation[67] - The audit committee reviewed the group's annual performance for the year ended June 30, 2024, and found that the financial statements complied with applicable accounting standards[59] Strategic Initiatives - The group plans to continue enhancing its property leasing business in China, which provides stable cash flow and serves as a significant source of revenue and profit[42] - The group continues to seek appropriate investment opportunities that align with its business strategy[53] - The company is likely to continue exploring new strategies for growth and market penetration[67] Miscellaneous - The company has adopted new and revised Hong Kong Financial Reporting Standards, which did not result in significant changes to accounting policies or financial statement presentation[5] - The company did not recommend any dividends for the years ended June 30, 2024, and June 30, 2023[20] - The company has no significant contingent liabilities as of June 30, 2024[51] - The announcement date is September 30, 2024, indicating the company's ongoing operations and governance structure[67]

Financial Performance - The company reported a loss attributable to shareholders of approximately HKD 18.8 million for the six months ended December 31, 2023, compared to a loss of HKD 1.7 million for the same period in 2022, representing an increase in loss of approximately 1,006%[4]. - Revenue increased by approximately 39.9% to about HKD 63.1 million for the six months ended December 31, 2023, compared to HKD 45.1 million for the same period in 2022[6]. - The company reported a total comprehensive loss of HKD 9,967,000 for the six months ended December 31, 2023, compared to a loss of HKD 22,820,000 in the same period of 2022, representing a 56.3% improvement[51]. - The group reported a loss before tax of HKD 14,497,000 for the six months ended December 31, 2023, compared to a profit before tax of HKD 3,496,000 for the same period in 2022[64]. - The company incurred a net loss before tax of HKD 14,497,000, compared to a profit of HKD 3,496,000 in the previous year, indicating a substantial decline in profitability[48]. - The group reported a loss of approximately HKD 18,841,000 for the six months ended December 31, 2023, compared to a loss of HKD 1,659,000 for the same period in 2022[75]. Revenue Sources - The credit business generated revenue of HKD 33,968,000, while the hotel operations and property leasing contributed HKD 11,049,000 and HKD 18,132,000 respectively[64]. - The hotel operations segment achieved an average occupancy rate of 95.5% for the six months ended December 31, 2023, with room revenue of approximately HKD 11.0 million, a significant increase from HKD 4.9 million in the same period in 2022[13]. - The property leasing business in China generated a pre-tax profit of approximately HKD 7.1 million, while the overall pre-tax profit for the property leasing business for the six months ended December 31, 2023, was about HKD 3.3 million, down from HKD 4.8 million for the same period in 2022[16]. Assets and Liabilities - The total amount of receivables increased to approximately HKD 352.0 million as of December 31, 2023, up from HKD 304.4 million as of June 30, 2023, reflecting an increase of approximately HKD 47.6 million due to a significant rise in customer numbers[10]. - Total borrowings as of December 31, 2023, amounted to approximately HKD 182.3 million, an increase from HKD 108.0 million as of June 30, 2023[21]. - The debt-to-equity ratio as of December 31, 2023, was approximately 16.5%, up from 9.7% as of June 30, 2023[23]. - The group’s total assets increased from HKD 1,455,411,000 as of June 30, 2023, to HKD 1,521,888,000 as of December 31, 2023, indicating growth in asset base[67]. - The group’s total liabilities also increased from HKD 236,151,000 as of June 30, 2023, to HKD 312,595,000 as of December 31, 2023, reflecting changes in financial obligations[67]. Cash Flow and Financial Position - The company reported a net cash outflow from operating activities of HKD 32,262,000 for the six months ended December 31, 2023, an improvement from HKD 68,517,000 in the previous year[57]. - Cash and cash equivalents increased to HKD 98,590,000 at the end of the period, up from HKD 63,114,000 at the beginning of the period[57]. - The group’s financial assets at fair value through profit or loss amounted to HKD 31,512,000 as of December 31, 2023, slightly up from HKD 31,488,000 as of June 30, 2023[80]. Management and Strategy - The company is focusing on its diversified strategy and remains cautiously optimistic about sustainable long-term growth despite challenges in the post-COVID environment[8]. - The board maintains a cautiously optimistic view on the long-term prospects of the hotel business in Hong Kong[14]. - The company has established a brand named "Funki Financial" to enhance its credit business and is actively researching effective channels to attract customers[9]. Shareholder Information - As of December 31, 2023, the major shareholder, Ms. Lian Qiwen, holds 70.89% of the company's issued share capital[40]. - The company’s controlling shareholder, Ms. Lian Qiwen, holds approximately 70.9% of the issued share capital as of December 31, 2023, unchanged from June 30, 2023[95]. Compliance and Governance - The audit committee has reviewed the interim results and confirmed compliance with applicable accounting standards and regulations[37]. - The group has adopted new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on its financial performance or position[62].

Financial Performance - Revenue for the six months ended December 31, 2023, was HKD 63,149,000, an increase of 40.1% compared to HKD 45,067,000 for the same period in 2022[2] - The company reported a net loss of HKD 17,562,000 for the period, compared to a profit of HKD 79,000 in the same period last year[2] - Basic and diluted loss per share for the period was HKD 0.97, compared to HKD 0.08 in the previous year[3] - The group reported a pre-tax loss of HKD 14,497,000 for the six months ended December 31, 2023, compared to a pre-tax profit of HKD 3,496,000 for the same period in 2022[12] - For the six months ended December 31, 2023, the company reported a loss attributable to shareholders of approximately HKD 18.8 million, compared to a loss of HKD 1.7 million for the same period in 2022, representing a significant increase in losses[48] - The total comprehensive loss for the six months ended December 31, 2023, was approximately HKD 13.3 million, compared to HKD 18.6 million for the same period in 2022[48] Revenue Sources - The credit business generated revenue of HKD 33,968,000, while the hotel operations and property leasing contributed HKD 11,049,000 and HKD 18,132,000, respectively[12] - Revenue increased by approximately 39.9% to about HKD 63.1 million for the six months ended December 31, 2023, compared to HKD 45.1 million for the same period in 2022[50] - The interest income generated in the six months ended December 31, 2023, was approximately HKD 34.0 million, compared to HKD 21.6 million for the same period in 2022, reflecting an increase of approximately HKD 12.4 million[53] - The average occupancy rate for the hotel operations business reached 95.5% for the six months ended December 31, 2023, with hotel room revenue of approximately HKD 11.0 million, a significant improvement from HKD 4.9 million for the same period in 2022[56] - The property leasing business reported a pre-tax profit of approximately HKD 3.3 million for the six months ended December 31, 2023, compared to HKD 4.8 million for the same period in 2022, primarily due to a fair value loss of approximately HKD 4.2 million from the Hong Kong leasing properties[60] Assets and Liabilities - Total assets as of December 31, 2023, amounted to HKD 1,356,599,000, slightly down from HKD 1,360,880,000 as of June 30, 2023[5] - The total liabilities increased to HKD 165,289,000 from HKD 94,531,000, indicating a significant rise in financial obligations[6] - Total assets as of December 31, 2023, amounted to HKD 1,521,888,000, with total liabilities of HKD 312,595,000, resulting in a net asset position[14] - The company’s total equity attributable to owners was approximately HKD 1,101.6 million as of December 31, 2023, a decrease from HKD 1,114.9 million as of June 30, 2023, primarily due to losses during the period[61] - The total borrowings amounted to approximately HKD 182.3 million, an increase from HKD 108.0 million as of June 30, 2023[63] Cash Flow and Liquidity - The company’s cash and cash equivalents increased to HKD 98,590,000 from HKD 63,114,000, reflecting a growth of 56.2%[5] - The current ratio as of December 31, 2023, was 1.3 times, down from 2.0 times as of June 30, 2023, indicating a decrease in liquidity[62] - The asset-to-liability ratio as of December 31, 2023, was approximately 16.5%, up from 9.7% as of June 30, 2023, indicating an increase in leverage[65] Impairment and Provisions - The provision for loan impairment increased to HKD 27,753,000 as of December 31, 2023, compared to HKD 17,803,000 as of June 30, 2023, reflecting a rise in credit risk[29] - The company recorded an increase in impairment provisions and write-offs for receivables of approximately HKD 9.1 million compared to the same period in 2022[50] - The impairment loss on properties classified as property, plant, and equipment increased by approximately HKD 12.8 million compared to the same period in 2022[50] - As of December 31, 2023, the company made a provision for estimated irrecoverable trade receivables of approximately HKD 300,000, down from HKD 794,000 as of June 30, 2023[42] Strategic Changes - The group has discontinued its gaming and entertainment business segment as of December 31, 2023, due to a strategic shift[12] - The company has ceased operations in the gaming and entertainment business as part of a strategic shift[49] - The company is actively researching various effective channels to attract customers and develop online and offline marketing strategies for its brand "Funki Financial"[52] - The board remains cautiously optimistic about the long-term prospects of the hotel business in Hong Kong despite current challenges[57] Compliance and Governance - The audit committee reviewed the interim results for the six months ended December 31, 2023, and found that the financial statements complied with applicable accounting standards[80] - The group has no significant contingent liabilities as of December 31, 2023[70] - The group maintains a prudent financial policy, with all assets and liabilities denominated in HKD[72] Employee and Operational Metrics - The total number of employees as of December 31, 2023, was 87, with compensation policies aligned with market conditions[74] - The group faced some foreign exchange risk due to approximately RMB 50.6 million (equivalent to about HKD 55.5 million) in bank balances denominated in RMB[72]

Financial Performance - For the fiscal year ending June 30, 2023, the company reported a loss attributable to shareholders of approximately HKD 10.8 million, equating to a loss per share of HKD 0.56[17]. - The company's revenue for the same period was HKD 98.375 million, showing an increase from HKD 60.352 million in the previous year[9]. - The total comprehensive loss attributable to shareholders for the fiscal year was approximately HKD 39.3 million, compared to HKD 16.5 million in the prior year[17]. - The company reported a net asset value of HKD 1,114.888 million for the fiscal year ending June 30, 2023, down from HKD 1,145.710 million the previous year[10]. - The group's revenue for the year ended June 30, 2023, was approximately HKD 98.4 million, an increase of about 62.9% compared to approximately HKD 60.4 million for the year ended June 30, 2022[18]. - Interest income for the year ended June 30, 2023, was approximately HKD 50.5 million, compared to approximately HKD 28.0 million for the year ended June 30, 2022, representing an increase of approximately HKD 22.5 million[23]. - The total amount of receivables as of June 30, 2023, was approximately HKD 304.4 million, an increase of approximately HKD 121.5 million from approximately HKD 182.9 million as of June 30, 2022, due to a significant increase in the number of customers[23]. - The total amount of mortgage loans is approximately HKD 949 million, provided to 20 customers, accounting for about 31.2% of the total loan portfolio as of June 30, 2023[116]. - The total amount of personal loans is approximately HKD 2,095 million, provided to 933 customers, accounting for about 68.8% of the total loan portfolio as of June 30, 2023[116]. Business Operations - The company is focusing on the credit business, providing unsecured personal loans and property mortgage loans, leveraging fintech for operational efficiency[12]. - The hotel operations have shown improvement post-pandemic, with expectations for high average daily rates (ADR) and occupancy rates driven by increased visitor numbers[12]. - The property leasing business in Shanghai is developing steadily, contributing to stable cash flow and supporting the company's diversification strategy[13]. - The company has suspended its gaming and entertainment business for over a year and will assess its future in the next fiscal year[13]. - The hotel operations business achieved an average occupancy rate of 92.7% for the year ended June 30, 2023, with rental income of approximately HKD 11.3 million, up from approximately HKD 7.3 million for the year ended June 30, 2022[26]. - The property leasing business recorded a related profit before tax of approximately HKD 13.4 million for the year ended June 30, 2023, compared to approximately HKD 2.1 million for the year ended June 30, 2022[31]. - The gaming and entertainment business generated no commission revenue for the year ended June 30, 2023, compared to approximately HKD 1.4 million for the year ended June 30, 2022[32]. Corporate Governance - The company has been applying the corporate governance code as per the listing rules and has complied with all provisions during the year ending June 30, 2023[65]. - The board has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, with changes in membership noted during the reporting period[72]. - The company has a strong commitment to enhancing internal controls and procedures in response to regulatory changes and best practices[66]. - The company has a diverse board composition with independent non-executive directors and experienced management team members[72]. - The company has been focusing on market expansion and enhancing its operational strategies through experienced leadership[59]. - The company has a strong financial management team with over 18 years of experience in accounting, finance, and auditing[59]. - The company has a dedicated team for technology and innovation, indicating a focus on new product development and market competitiveness[62]. - The board consists of two executive directors, one non-executive director, and three independent non-executive directors, ensuring a balance of skills and independence[73]. - The company has a diversity policy for board members, with one-third of the board being female, promoting a balanced composition[83]. - The company adheres to corporate governance codes, clearly defining the roles of the chairman and CEO to maintain effective leadership[76]. Risk Management and Compliance - The board is responsible for ensuring the establishment and maintenance of appropriate and effective risk management procedures, including risk identification and assessment[108]. - The company has engaged an external professional service firm to conduct an annual review of its risk management and internal control systems[107]. - The audit committee reviewed the financial reporting procedures and risk management systems during the fiscal year[93]. - The company confirmed no significant uncertainties affecting its ability to continue as a going concern after appropriate inquiries by the directors[101]. - The company has established an internal audit function to ensure effective internal controls and compliance with applicable laws and regulations[107]. Environmental, Social, and Governance (ESG) Initiatives - The board oversees environmental, social, and governance (ESG) matters, with a dedicated ESG working group established for monitoring and reporting[152]. - The group follows the "ESG Reporting Guidelines" to report key ESG issues and performance indicators[147]. - The group has identified significant ESG topics through discussions with stakeholders and internal management discussions[151]. - The company aims to reduce air pollutant emissions by approximately 5% to 15% by 2025, primarily due to a significant decrease in gas consumption from reduced quarantine traveler numbers[161]. - Total air pollutant emissions for 2023 were 2.35 kg of nitrogen oxides (NOx), down from 3.11 kg in 2022, reflecting a reduction of approximately 24.4%[164]. - Greenhouse gas emissions increased to 1,271.38 tons of CO2 equivalent in 2023, compared to 822.41 tons in 2022, marking an increase of approximately 54.8%[166]. - The company plans to reduce greenhouse gas emissions by about 5% to 15% by 2025, in response to increased energy consumption as employees returned to the office[165]. - The company strictly adheres to all relevant environmental laws and regulations in Hong Kong and China, including the Air Pollution Control Ordinance and the Waste Disposal Ordinance[160]. - The company engages stakeholders annually to assess the significance of environmental, social, and governance (ESG) issues, ensuring informed decision-making[155]. - The company has established a roadmap for the next three to five years, focusing on achievable ESG targets aligned with its aspirations[157]. Employee and Stakeholder Engagement - The total number of employees as of June 30, 2023, was 75, with compensation policies reviewed by the remuneration committee[49]. - The company emphasizes the importance of gender diversity in its workforce and will continue to monitor and enhance diversity as needed[84]. - The company maintains a dedicated investor relations section on its website to enhance effective communication with investors[132]. - The company emphasizes the importance of maintaining timely communication with shareholders through various channels, including announcements and annual reports[130]. - The company provides shareholders with the opportunity to raise concerns or inquiries at any time through its website[122]. Future Outlook and Strategy - The board remains cautiously optimistic about the long-term sustainable growth of the group, despite challenges posed by the post-COVID-19 environment[19]. - The company continues to explore appropriate investment opportunities that align with its strategic goals[48]. - The company aims to achieve zero carbon emissions through comprehensive energy-saving policies and the introduction of renewable energy[188]. - The company is developing multiple future scenarios for 2025 based on the International Energy Agency's 2-degree scenario and other scenarios[186]. - The company seeks to engage with institutional investors and stakeholders to ensure appropriate disclosures and secure stable funding[188].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於香港註冊成立之有限公司） （股份代號：00070） 截至二零二三年六月三十日止年度 綜合年度業績公告 金粵控股有限公司（「本公司」）董事（「董事」）會（「董事會」）呈列本公司及其附屬 公司（統稱「本集團」）截至二零二三年六月三十日止年度之綜合年度業績，連同比 較數字如下： 綜合損益及其他全面收益表 截至二零二三年六月三十日止年度 二零二三年 二零二二年 附註 港幣千元 港幣千元 收益 3 98,375 60,352 所提供服務之成本 (19,387) (12,512) 其他收入及其他收益淨額 4 3,746 3,286 投資物業公平值虧損 9 (4,984) (6,964) 物業、廠房及設備減值虧損回撥╱（減值虧損） 14,569 (7,487) ...

Financial Performance - The company reported a loss attributable to shareholders of approximately HKD 1.7 million for the six months ended December 31, 2022, compared to a profit of approximately HKD 2.3 million for the same period in 2021, representing a significant decline [6]. - Total revenue for the group was approximately HKD 45.1 million, an increase of about 66.4% compared to approximately HKD 27.1 million for the six months ended December 31, 2021 [7]. - The group recorded a pre-tax profit of approximately HKD 2.1 million from hotel operations, a significant improvement from a pre-tax loss of approximately HKD 16.8 million in the previous year [13]. - The property leasing business generated a pre-tax profit of approximately HKD 4.8 million for the six months ended December 31, 2022, compared to HKD 3.0 million for the same period in 2021, primarily due to an increase in pre-tax profit from the property leasing business in China by approximately HKD 3.2 million [18]. - The group reported a total comprehensive loss of HKD 18,591,000 for the six months ended December 31, 2022, compared to a total comprehensive income of HKD 4,593,000 for the same period in 2021 [46]. Revenue and Income Sources - The group’s segment revenue from the credit business was HKD 21,600,000 for the six months ended December 31, 2022, compared to HKD 9,872,000 in the same period of 2021, reflecting a growth of approximately 118.0% [57]. - The hotel operations segment achieved an average occupancy rate of 88.9% for the six months ended December 31, 2022, with rental income of approximately HKD 4.9 million, compared to approximately HKD 2.9 million for the same period in 2021 [13]. - The gaming and entertainment business did not generate commission income during the period, contrasting with approximately HKD 1.4 million generated in the same period last year [9]. Assets and Liabilities - The total amount of receivables for loans was approximately HKD 248.7 million as of December 31, 2022, an increase of approximately HKD 65.8 million from HKD 182.9 million as of June 30, 2022 [12]. - The total liabilities as of December 31, 2022, were approximately HKD 204.2 million, slightly up from HKD 202.8 million as of June 30, 2022 [19]. - The company's non-current assets totaled HKD 1,253,247,000 as of December 31, 2022, compared to HKD 1,213,763,000 as of June 30, 2022 [43]. - The total assets of the group as of December 31, 2022, amounted to HKD 1,429,277,000, a slight decrease from HKD 1,450,642,000 as of June 30, 2022 [60]. Cash Flow and Financing - The net cash used in operating activities for the six months ended December 31, 2022, was HKD (68,517,000), compared to HKD (13,135,000) for the same period in 2021, indicating a significant increase in cash outflow [48]. - The company’s financing activities generated a net cash inflow of HKD 200,000 for the six months ended December 31, 2022, compared to a net cash outflow of HKD (233,251,000) in the same period of the previous year [48]. - Cash and cash equivalents decreased to HKD 63,109,000 as of December 31, 2022, down from HKD 181,023,000 at the end of 2021, marking a decline of approximately 65% [48]. Shareholder Information - Major shareholder Ms. Lian Qiwen holds 70.89% of the company's ordinary shares, while Mr. Huang Youcheng holds 5.57% [34]. - The total number of issued and fully paid ordinary shares remained at 1,938,823,000, with a total share capital of HKD 1,317,736,000 as of December 31, 2022 [86]. - The board of directors resolved not to declare any interim dividend for the six months ended December 31, 2022 [24]. Strategic Outlook - The group remains cautiously optimistic about its diversified strategy to mitigate the impacts of the pandemic on performance and aims for sustainable long-term growth [7]. - The company plans to gradually phase out long-term rental business and return to normal operations in the hotel sector following the reopening of borders between Hong Kong and mainland China [15]. - The company plans to continue exploring market expansion opportunities and new product development strategies [35]. Impairments and Provisions - The total impairment provision for loans increased from HKD 9,950,000 as of June 30, 2022, to HKD 12,533,000 as of December 31, 2022 [76]. - The group recognized a total of HKD 3,874,000 in write-offs for receivables during the six months ended December 31, 2022, due to customers facing financial difficulties or bankruptcy [78]. - The provision for impairment losses on trade receivables decreased to HKD 514,000 from HKD 810,000, indicating improved credit quality [83].

Financial Performance - For the fiscal year ending June 30, 2022, the company reported revenue of HKD 60,352,000, a decrease of 18.5% compared to HKD 51,065,000 in the previous year[8]. - The company recorded a loss attributable to shareholders of HKD 3,631,000, compared to a loss of HKD 30,356,000 in the prior year, indicating an improvement in profitability[8]. - Basic and diluted loss per share was HKD 0.19, compared to a loss of HKD 0.02 in the previous year[8]. - The overall financial performance reflects resilience amid challenging market conditions, with a focus on long-term sustainability[12]. - The company reported a net loss of approximately HKD 4.0 million for the year ending June 30, 2022, a significant improvement from a net loss of HKD 22.0 million for the previous year, representing a reduction of about HKD 18.0 million[18]. - Total revenue for the year was approximately HKD 60.4 million, an increase of 18.2% compared to HKD 51.1 million for the previous year[20]. Assets and Liabilities - Total assets minus total liabilities increased to HKD 1,247,882,000 in 2022, up from HKD 1,170,742,000 in 2021, reflecting a stronger balance sheet[9]. - As of June 30, 2022, total liabilities amounted to HKD 202.8 million, a significant increase from HKD 10.4 million as of June 30, 2021[38]. - The debt-to-equity ratio as of June 30, 2022, was 6.5%, compared to 0% as of June 30, 2021[38]. - As of June 30, 2022, the group's net current assets were approximately HKD 191.0 million, down from approximately HKD 562.8 million as of June 30, 2021[35]. - The total cash and bank balances as of June 30, 2022, were approximately HKD 121.5 million, compared to approximately HKD 463.6 million as of June 30, 2021[35]. Strategic Initiatives - The company adjusted its operational strategies in response to the COVID-19 pandemic, which helped stabilize performance and cash flow during the fiscal year[12]. - The company plans to continue focusing on improving operational efficiency and exploring new market opportunities in the upcoming fiscal year[12]. - The management emphasized ongoing efforts in research and development for new products and technologies to enhance competitive advantage[12]. - The company is considering potential market expansions and acquisitions to drive future growth[12]. - The company aims to diversify its operations to reduce reliance on gaming and entertainment, with property leasing in China being a critical part of this strategy[18]. Lending and Financial Services - The company's lending business is a key focus, providing unsecured personal loans and mortgage services, with efforts to enhance operational efficiency through fintech solutions[18]. - As of June 30, 2022, the group's receivables from lending amounted to HKD 182.9 million, an increase of approximately HKD 75.3 million compared to HKD 107.6 million on June 30, 2021[23]. - Interest income for the year ended June 30, 2022, was approximately HKD 28.0 million, up by about HKD 2.1 million from HKD 25.9 million for the year ended June 30, 2021[23]. - The company has implemented strict data security measures to protect customer information in its lending operations[18]. Hotel and Property Operations - The company has shifted its hotel operations to long-term rentals to maintain a high occupancy rate amid a significant drop in tourist arrivals[18]. - The hotel operations segment recorded a rental income of approximately HKD 7.3 million for the year ended June 30, 2022, compared to HKD 4.5 million for the year ended June 30, 2021[27]. - The hotel operations segment reported a pre-tax loss of approximately HKD 23.5 million for the year ended June 30, 2022, an improvement from a loss of approximately HKD 40.2 million for the previous year[27]. - The property leasing business generated a pre-tax profit of approximately HKD 2.1 million for the year ended June 30, 2022, compared to a pre-tax loss of approximately HKD 18,000 for the year ended June 30, 2021[31]. Governance and Compliance - The company has implemented enhanced internal controls and compliance measures to align with regulatory changes and best practices in corporate governance[62]. - The company emphasizes the importance of board diversity, considering factors such as gender, age, skills, and industry experience[78]. - The company has established an internal audit function to ensure adequate resources and proper status for effective operation[99]. - The board confirmed no significant uncertainties affecting the company's ability to continue as a going concern after appropriate inquiries[96]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to operating in an environmentally friendly manner and continuously monitors its environmental performance to minimize negative impacts[144]. - The board of directors is responsible for overseeing the company's environmental, social, and governance (ESG) strategies and ensuring effective risk management related to ESG issues[137]. - The company conducts annual materiality assessments to understand stakeholder expectations and concerns regarding ESG matters[139]. - The company aims to set practical and achievable ESG goals for the next three to five years, aligning them with its aspirations[141]. Employee and Workforce Management - The total number of employees was 67, with compensation policies reviewed by the remuneration committee[44]. - Employee composition shows 60% male and 40% female, with 75% based in Hong Kong[199]. - The employee turnover rate decreased from 79% to 56% year-on-year[199]. - The company is committed to maintaining competitive salary levels in line with market conditions, along with providing additional employee benefits[44].

Financial Performance - The group reported a profit of approximately HKD 4.0 million for the six months ended December 31, 2021, compared to a loss of approximately HKD 18.9 million for the same period in 2020[5]. - Revenue for the group was approximately HKD 27.1 million, an increase of 41.1% from approximately HKD 19.2 million for the six months ended December 31, 2020[6]. - The profit turnaround was primarily due to a bargain purchase gain of approximately HKD 23.9 million from the acquisition of a subsidiary, offset by financing costs of approximately HKD 1.5 million[6]. - The company reported a profit of approximately HKD 2,319,000 for the six months ended December 31, 2021, compared to a loss of approximately HKD 18,940,000 for the same period in 2020[83]. - The total comprehensive income for the period was HKD 8,490,000, compared to a loss of HKD 18,932,000 in the previous period[47]. - The profit attributable to the owners of the company was HKD 2,319,000, a significant decrease from a loss of HKD 18,940,000 in the prior year[47]. Business Segments - The group’s gaming and entertainment business generated commission income of approximately HKD 1.4 million, compared to no income from this segment in the same period of 2020[7]. - The hotel operations segment recorded a pre-tax loss of approximately HKD 16.8 million for the six months ended December 31, 2021, an improvement from a loss of approximately HKD 22.2 million for the same period in 2020[16]. - The property leasing business generated a pre-tax profit of approximately HKD 3.0 million for the six months ended December 31, 2021, compared to a pre-tax loss of approximately HKD 5.7 million for the same period in 2020[19]. - Total revenue for the six months ended December 31, 2021, was HKD 27,111,000, with contributions from various segments: HKD 1,392,000 from gaming and entertainment, HKD 9,872,000 from lending, HKD 2,920,000 from hotel operations, and HKD 12,927,000 from property leasing[71]. - The group reported a segment loss of HKD 13,320,000 for the six months ended December 31, 2021, with significant losses in hotel operations amounting to HKD 16,829,000[71]. Lending Business - The group’s lending business saw accounts receivable increase to approximately HKD 115.5 million as of December 31, 2021, up from approximately HKD 107.6 million as of June 30, 2021[12]. - Interest income from the lending business for the six months ended December 31, 2021, was approximately HKD 9.9 million, a decrease of approximately HKD 6.2 million from approximately HKD 16.1 million for the same period in 2020[12]. - The group has established a brand named "Funki Financial" for its lending business, utilizing smart technology to improve the loan application process[10]. - The company reported a significant increase in new loans initiated, totaling HKD 115,000,000 as of July 1, 2021, compared to HKD 13,000,000 previously[99]. - The company had no overdue or impaired loans as of December 31, 2021, with secured loans amounting to HKD 31,975,000 and unsecured loans amounting to HKD 41,897,000[91]. Acquisitions and Investments - The group completed the acquisition of 51% of Fast Advance Resources Limited, which has allowed entry into the property leasing market in China[17]. - The company completed the acquisition of Fast Advance on September 30, 2021, enhancing its property leasing business and expanding into the Chinese property market[116]. - The identifiable net assets acquired from Fast Advance totaled HKD 188,529,000, with a bargain purchase gain of HKD (23,917,000)[119]. - Fast Advance contributed HKD 12,269,000 in revenue and HKD 2,280,000 in post-tax profit since the acquisition[123]. Financial Position - As of December 31, 2021, the group's net current assets were approximately HKD 231.1 million, down from approximately HKD 562.8 million as of June 30, 2021[20]. - The total liabilities as of December 31, 2021, were approximately HKD 208.3 million, a significant increase from approximately HKD 10.4 million as of June 30, 2021[22]. - The group has no external funding sources and reported no borrowings as of December 31, 2021[20]. - Non-current assets totaled HKD 1,209,563,000, an increase from HKD 611,341,000 year-on-year[52]. - The total equity attributable to owners of the company was HKD 1,166,769,000, compared to HKD 1,162,176,000 in the previous period[55]. Governance and Compliance - The audit committee, composed entirely of independent non-executive directors, reviewed the financial statements and confirmed compliance with applicable accounting standards[35]. - The board of directors consists of a majority of independent non-executive directors, ensuring a balance of power and authority within the governance structure[36]. - The group has adopted new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on its performance or financial position[66]. Future Outlook - The group remains cautiously optimistic about its diversified strategy to navigate challenges posed by the pandemic and economic recovery[6]. - The group plans to launch a mobile application for online loan applications and withdrawals by the end of 2022, enhancing customer experience[10]. - The management believes that the lending market in Hong Kong has good business prospects despite economic uncertainties[13]. Shareholder Information - The company has a major shareholder, Ms. Lian Qiwen, holding 70.10% of the ordinary shares, amounting to 1,359,187,606 shares[38]. - The company has adopted a share option scheme allowing directors to grant options to employees, including directors, to subscribe for shares[40]. - The company did not recommend any interim dividend for the six months ended December 31, 2021, and December 31, 2020[86].