股份代號 : 0086 2024 年 報 C120915 新鴻基有限公司 二零二四年 年報 目錄 Photo Credit: Kurt Arrigo | Rolex 關於我們 新鴻基有限公司 新鴻基有限公司（股份代號：86）（「新鴻基公司」╱ 「本公司」，連同其附屬公司「本集團」）是一家領先 的香港金融機構，在另類投資和財富管理領域備 受肯定。新鴻基公司成立於1969年，其投資組合 多元化，涵蓋公開市場、信貸和另類投資策略（其 中包括房地產和私募股權），締造長期經風險調整 回報。 憑藉其紮根亞洲的傳承，新鴻基公司支持和培育 該地區優秀且具專業能力的新晉資產管理公司， 賦能他們實現卓越表現。本公司亦利用其長久以 來建立的投資業務專長和豐富資源，透過其家族 辦公室解決方案，為理念一致的合作夥伴和超高 淨值投資者提供量身定制的投資解決方案。截至 2024年12月31日，本集團的資產總值約為373億港元。 01 2 我們的業務 4 主席函件 8 財務摘要 9 創造股東價值 10 獎項及榮譽 12 管理層討論及分析 32 風險管理報告 37 企業管治報告 53 環境、社會及管治(ESG)報告 125 董事會報告 145 ...

新鸿基公司扭亏背后：业务协同发力驱动盈利韧性增长 看 好另类投资平台价值持续兑现 今年以来，恒指从最低19600点附近开启反弹行情，不断创出新高。年初至3月17日，恒生指数和恒生科技指数涨 幅分别达20.37%和31.44%，在全球各类资产中"遥遥领先"。 在当前港股市场强势反弹环境下，"哑铃策略"可以通过两端资产的平衡，实现风险分散和收益最大化。"哑铃"的 一边是产业趋势引领的科技成长类资产，另一边则是稳定的高股息资产。尤其在市场不确定凸显时，高股息资产不仅 能够提供稳定的分红收益，还能在市场下跌时起到缓冲作用。 由此来看，通过"哑铃策略"实现攻守平衡，或是投资者在港股进行资产配置的最优解。新鸿基公司(00086)作为优 质的高股息标的，可以用"确定性分红"对抗波动，自2024年至今，新鸿基公司股价涨幅接近35%，涨势喜人，可见投 资者对其认可。 3月20日，新鸿基公司发布2024年度业绩。期内，公司总收益为38.43亿元(单位：港元，下同)，股东应占溢利为 3.78亿元，同比扭亏为盈。此外，公司宣布派发第二次中期股息每股14港仙。连同中期股息每股12港仙，每股股息总 额为26港仙，按3月21日的收盘价算， ...

新鸿基公司（00086）扭亏背后：业务协同发力驱动盈利韧 性增长 看好另类投资平台价值持续兑现 今年以来，恒指从最低19600点附近开启反弹行情，不断创出新高。年初至3月17日，恒生指数和恒生科技指数涨幅分 别达20.37%和31.44%，在全球各类资产中"遥遥领先"。 在当前港股市场强势反弹环境下，"哑铃策略"可以通过两端资产的平衡，实现风险分散和收益最大化。"哑铃"的一边 是产业趋势引领的科技成长类资产，另一边则是稳定的高股息资产。尤其在市场不确定凸显时，高股息资产不仅能够 提供稳定的分红收益，还能在市场下跌时起到缓冲作用。 压力测试下盈利韧性增长 投资管理业务穿越变局获正回报 近年来，随着贸易保护主义抬头，国际经贸秩序正面临新的挑战。与此同时，在高利率与强美元的双重冲击下，全球 经济复苏的节奏屡屡不及预期。充满变数的市场环境，打断了不少企业原有的成长节奏。 尽管发展前景多了一些不确定性，但在压力测试之下，依然能实现稳健经营的公司就更显得弥足珍贵。 新鸿基公司作为领先的另类投资公司，凭借多元化业务（涵盖信贷、投资管理及基金管理），成就穿越周期的韧性成 长。具体来看，信贷业务作为"现金牛"，为公司持续的财务 ...

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佈的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公佈全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 2024 年全年業績公佈 主席函件 2024 年，全球宏觀經濟環境依然動盪不穩，一方面，利率高企、地緣政治局勢緊 張及消費者情緒低迷等逆境持續存在。另一方面，對人工智能的採用及其所有相 關技術的熱情，以及對新一屆美國政府的樂觀情緒，繼續推動美國市場走高。我 們轉向利用內部及外部投資能力使其他第三方投資者受惠的策略性業務轉型持續 取得進展，勢頭不斷增強。 於 2024 年，我們的基金管理平台 Sun Hung Kai Capital Partners（「SHKCP」）持續 取得良好進展，此乃建基於我們投資管理業務的堅實基礎以及第三方投資者、基 金管理人與新鴻基有限公司（「本公司」或「新鴻基公司」，連同其附屬公司統屬「本 集團」）之間獨特的利益一致性 — 這是在區內罕見的組合。在有機增長以及年內 建立新合作夥伴關係的推動下，總資產管理規模（「資產管理規模」）^ 創下 20.0 億 美元的記錄，較 2023 ...

Financial Performance - Revenue for the first half of 2024 was HKD 1,915.8 million, a decrease of 2.7% compared to HKD 1,968.3 million in the same period last year[6] - Profit attributable to shareholders was HKD 75.4 million, a significant turnaround from a loss of HKD 287.5 million in the first half of 2023[7] - Total revenue for the six months ended June 30, 2024, was HKD 1,939.2 million, a decrease from HKD 2,014.8 million in the same period in 2023[148] - Net profit attributable to the company's shareholders for the six months ended June 30, 2024, was HKD 75.4 million, compared to a net loss of HKD 287.5 million in the same period in 2023[148] - Basic earnings per share for the six months ended June 30, 2024, were HKD 3.9, compared to a loss per share of HKD 14.7 in the same period in 2023[148] - The company's total comprehensive income for the six months ended June 30, 2024, was HKD 146.2 million, compared to a total comprehensive loss of HKD 307.7 million in the same period in 2023[148] - The company's interest income for the six months ended June 30, 2024, was HKD 1,817.7 million, a decrease from HKD 1,890.0 million in the same period in 2023[148] - The company's financial assets impairment loss for the six months ended June 30, 2024, was HKD 427.8 million, an increase from HKD 310.8 million in the same period in 2023[148] - The company's management expenses for the six months ended June 30, 2024, were HKD 511.6 million, an increase from HKD 503.7 million in the same period in 2023[148] - The company's profit before tax for the six months ended June 30, 2024, was HKD 307.4 million, compared to HKD 36.5 million in the same period in 2023[148] - Pre-tax profit increased significantly to HKD 307.4 million in H1 2024 from HKD 36.5 million in H1 2023, a 742% increase[171] - Other income increased to HKD 98.1 million in H1 2024 from HKD 78.3 million in H1 2023, a 25.3% growth[178] - Other losses increased to HKD 55.1 million in H1 2024 from HKD 24.0 million in H1 2023, a 129.6% rise[180] - Current tax expenses for Hong Kong decreased to HKD 78.9 million from HKD 97.2 million in the previous year, while China's current tax increased slightly to HKD 2.2 million from HKD 1.8 million[185] - Deferred tax expenses decreased to HKD 41.8 million from HKD 68.3 million, contributing to a total tax expense of HKD 122.9 million, down from HKD 167.3 million[185] - Basic earnings per share improved to HKD 75.4 million from a loss of HKD 287.5 million in the previous year, with weighted average shares remaining stable at 1,957.2 million[189] Asset and Liability Management - Total assets of the group amounted to approximately HKD 39.5 billion as of June 30, 2024[3] - Total assets decreased from HKD 31,423.1 million to HKD 29,639.8 million compared to the previous period[154] - Net current assets increased to HKD 10,270.3 million from HKD 11,431.9 million[152] - Cash and cash equivalents decreased from HKD 6,462.1 million to HKD 5,428.0 million[152] - Total equity decreased slightly from HKD 24,395.6 million to HKD 24,264.7 million[156] - Non-current liabilities decreased significantly from HKD 7,027.5 million to HKD 5,375.1 million[152] - Retained earnings decreased from HKD 12,831.1 million to HKD 12,633.3 million[156] - Bank and other borrowings under current liabilities increased from HKD 5,495.4 million to HKD 6,171.0 million[152] - Investment properties increased slightly from HKD 1,197.7 million to HKD 1,233.4 million[152] - Property and equipment decreased from HKD 402.1 million to HKD 342.5 million[152] - Deferred settlement borrowings decreased to HKD 1,859.9 million as of June 30, 2024, from HKD 3,484.4 million as of December 31, 2023[169] - The company's capital net debt ratio decreased to 33.3% as of June 30, 2024, down from 38.6% at the end of 2023[97] - Total borrowings decreased by 8.2% to HKD 13,687.3 million as of June 30, 2024, with 64.2% due within one year[98] - Asset return ratio improved to 0.9% as of June 30, 2024, compared to -0.5% at the end of 2023[101] - The company's right-of-use assets increased to HKD 296.4 million, with office and retail space accounting for HKD 292.6 million of the total[192] - Lease expenses for the period included depreciation of right-of-use assets at HKD 62.8 million and interest on lease liabilities at HKD 8.2 million[193] - The company's financial assets measured at fair value totaled HKD 12,758.9 million, with non-current assets making up HKD 8,765.3 million of the total[196] - Financial liabilities measured at fair value amounted to HKD 402.8 million, with current liabilities accounting for HKD 293.4 million[196] - The fair value of financial assets through other comprehensive income is HKD 192.3 million, including HKD 25.4 million for Hong Kong listed equity securities and HKD 158.4 million for overseas listed equity securities[199] - The fair value of financial assets through profit or loss totals HKD 13,834.7 million, with HKD 9,711.4 million in non-listed overseas investment funds[199] - Non-current assets account for HKD 9,470.9 million, while current assets amount to HKD 4,363.8 million[199] - The fair value of financial liabilities through profit or loss is HKD 367.6 million, including HKD 100.3 million for quoted futures and options[199] - Non-current liabilities are HKD 111.6 million, and current liabilities are HKD 256.0 million[199] Business Segment Performance - The credit business contributed HKD 425.3 million in pre-tax profit, a decrease of 30.9% compared to HKD 615.2 million in the first half of 2023[13] - Investment management pre-tax loss narrowed significantly to HKD 358.4 million from HKD 861.4 million in the first half of 2023[13] - Fund management achieved a pre-tax profit of HKD 1.3 million, with assets under management reaching a record high of USD 1.2 billion[12] - Operating costs decreased by 1.1% to HKD 679.0 million, reflecting improved operational efficiency in the consumer finance segment[12] - Revenue for the first half of 2024 was HKD 1,567.7 million, a decrease of 3.7% year-on-year and 2.2% quarter-on-quarter[16] - Net loan balance decreased by 2.7% year-on-year to HKD 10,346.4 million, while total loan balance decreased by 2.3% to HKD 10,920.4 million[16][19] - Operating costs decreased by 6.1% year-on-year to HKD 500.2 million, driven by cost rationalization measures and a shift from unsecured to secured lending in the mainland China market[19] - Net impairment losses increased by 31.6% year-on-year to HKD 386.3 million, reflecting the deteriorating economic environment and cautious provisioning[16][19] - The SIM credit card, launched in November 2023, achieved a cumulative transaction volume of HKD 1 billion by June 2024, with outstanding loan balances increasing monthly[26] - The company's cost-to-income ratio improved to 31.9% in the first half of 2024, down from 32.7% in the same period last year[16] - The annualized net impairment loss ratio increased to 7.0% of average loan balances, up from 5.1% in the first half of 2023[21] - The company's loan approval rate decreased as it tightened credit standards in response to rising bankruptcy applications and changing consumer behavior[26] - Total loan balance in mainland China decreased to HKD 1,928.5 million in H1 2024 from HKD 2,096.6 million in H1 2023, a decline of 8.0%[30] - New loans issued in mainland China during H1 2024 amounted to HKD 1,660.7 million, a 46.1% increase compared to H1 2023[30] - Loan return rate in mainland China dropped to 18.8% in H1 2024 from 22.9% in H1 2023[30] - Write-off rate in mainland China improved significantly to 1.8% in H1 2024 from 9.9% in H1 2023[30] - Mortgage loan business revenue decreased by 15.0% to HKD 124.2 million in H1 2024 compared to H1 2023[32] - Operating costs for mortgage loan business reduced by 17.0% to HKD 25.3 million in H1 2024[32] - Pre-tax contribution from mortgage loan business declined by 65.1% to HKD 25.0 million in H1 2024[32] - Total loan balance for mortgage business decreased by 15.0% to HKD 2,299.3 million in H1 2024[32] - Consumer finance segment revenue decreased to HKD 1,567.7 million in H1 2024 from HKD 1,628.6 million in H1 2023, a decline of 3.7%[171] - Total external customer revenue decreased slightly to HKD 1,915.8 million in H1 2024 from HKD 1,968.3 million in H1 2023, a 2.7% drop[171] - Revenue from Hong Kong increased to HKD 1,726.2 million in H1 2024 from HKD 1,682.4 million in H1 2023, a 2.6% growth[177] - Revenue from Mainland China decreased to HKD 189.6 million in H1 2024 from HKD 285.9 million in H1 2023, a 33.7% decline[177] - Financial asset impairment losses increased to HKD 427.8 million in H1 2024 from HKD 310.8 million in H1 2023, a 37.6% rise[179] - Investment property fair value losses increased to HKD 48.1 million in H1 2024 from HKD 23.4 million in H1 2023, a 105.6% rise[180] - Interest income decreased to HKD 1,817.7 million in H1 2024 from HKD 1,890.0 million in H1 2023, a 3.8% decline[171] Investment Performance - Alternative investments and real estate recorded unrealized gains of HKD 172.2 million in H1 2024, compared to losses of HKD 99.5 million in H1 2023[37] - Pre-tax loss narrowed by 58.4% to HKD 358.4 million in H1 2024 compared to H1 2023[37] - Public market investments recorded a loss of 1.0% in H1 2024, with corporate holdings contributing to a loss of 22.2 million HKD[43][46] - Alternative investments generated a return of 0.1% in H1 2024, with private equity external funds returning 0.4% and direct/co-investment projects losing 3.0%[43][53] - Real estate investments achieved a return of 2.6% in H1 2024, with a gain of 63.3 million HKD[43] - Corporate holdings by region: 54.2% in Mainland China, 10.0% in Switzerland, and 8.9% in Australia[52] - Private equity holdings by region: 31.5% in Greater China, 31.3% in North America, and 15.7% in Asia[62] - Hedge funds returned 4.6% in H1 2024, with persistent funds contributing 5.8% and terminated funds losing 5.6%[53] - Special opportunities investments returned 2.3% in H1 2024, with a gain of 16.6 million HKD[53] - Corporate holdings by industry: 25.6% in financials, 24.1% in technology, media, and telecom, and 17.1% in consumer discretionary[50] - Private equity holdings by industry: 39.3% in technology, media, and telecom, 19.0% in financial and insurance services, and 17.6% in diversified industries[60] - Hedge fund holdings by strategy: 40.6% in market neutral, 33.2% in long/short equity, and 9.9% in convertible arbitrage[66] - Real estate investment portfolio valuation increased to HKD 2,502.4 million as of June 30, 2024, up from HKD 2,413.5 million at the end of 2023[73] - Real estate division achieved a 2.6% return, driven by strong recovery in EU hotel investments and robust performance in Asia-Pacific real estate lending[73] - Asset under management (AUM) reached a record USD 1,195 million as of June 30, 2024, with net cash inflows of USD 132 million and market gains of USD 99 million[87] - External capital accounted for 67.2% of total AUM, an increase of 4.4 percentage points compared to the end of 2023[87] - The company's funds and fund partners achieved strong growth in AUM, reaching USD 1.2 billion, driven by capital inflows and market performance[78] - The company's real estate holdings are diversified, with 66.6% in Hong Kong, 27.7% in the EU, and 4.4% in the UK[77] - The company's real estate portfolio is allocated as 43.0% office, 31.5% hotel, and 25.5% residential properties[75] Cash Flow and Financing Activities - The group repurchased USD 27.8 million worth of medium-term notes during the period, bringing the total repurchased since 2022 to USD 147.1 million[8] - Operating cash flow from activities increased to HKD 1,494.6 million in H1 2024, up from HKD 1,363.1 million in H1 2023[160] - Interest received decreased to HKD 1,781.4 million in H1 2024 from HKD 1,893.6 million in H1 2023[160] - Net cash used in investing activities was HKD 958.9 million in H1 2024, compared to net cash generated of HKD 946.1 million in H1 2023[160] - Net cash used in financing activities increased to HKD 1,553.3 million in H1 2024 from HKD 1,308.1 million in H1 2023[160] - Cash and cash equivalents decreased by HKD 1,017.6 million in H1 2024, compared to an increase of HKD 1,001.1 million in H1 2023[160] - The company repurchased USD 24.4 million of 5.75% notes due November 2024 and USD 3.4 million of 5.00% notes due September 2026[102] - The company committed EUR 21.5 million to a joint venture as of June 30, 2024, with an additional commitment of EUR 54.2 million post-reporting period[104] - The company repurchased a total of 10,000 shares during the six months ended June 30, 2024, with a total consideration of HKD 23,550 (excluding fees)[137][138] - The company repurchased USD 24,434,000 of 5.75% interest-bearing guaranteed notes due November 2024 and USD 3,386,000 of 5.00% interest-bearing guaranteed notes due September 2026, both issued by Sun Hung Kai & Co. (BVI) Limited[139] Corporate Governance and Shareholder Information - The company declared an interim dividend of 12.0 HK cents per share, unchanged from the previous year[6] - The book value per share decreased by 2.7% to HKD 10.7 as of June 30, 2024, compared to HKD 11.0 in the same period last year[8] - The company declared an interim dividend of 12 HK cents per share for the six months ended June 30, 2024, unchanged from the previous year[135] - The company will suspend share transfer registration from September 9 to September 11, 2024, with the ex-dividend date set for September 5, 2024[136] - The company's major shareholders include United Group, Lee and Lee Trust, and Li Shuhui, holding approximately 73.50%, 73.50%, and 74.52% of the issued shares, respectively[

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佈的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 截至 2024 年 6 月 30 日止 六個月之中期業績公佈 新鴻基有限公司（「本公司」或「新鴻基公司」）之董事會（「董事會」或「董事」）欣 然公佈本公司及其附屬公司（「本集團」）截至 2024 年 6 月 30 日止六個月之未經審 核簡明綜合業績如下： 簡明綜合損益賬 | --- | --- | --- | --- | |---------------------------------------------------------|-------|---------------|------------| | | | 30/6/2024 | 30/6/2023 | | | | 未經審核 | 未經審核 | | | 附註 | 百萬港元 | 百萬港元 | | 利息收益 | | 1,817.7 | 1,890.0 | | 其他收入 | 4 | 98.1 | 78.3 | | 其他收益 | 5 | 23.4 ...

w 新 鴻 基 有 限 公 司 SUN HUNG KAI & CO. LIMITED 股份代號 : 0086 2023 年報 | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | 此報告中的圖片展示為新鴻基 Scallywag 賽隊 – 一支 香港的頂級專業離岸帆船賽隊。 團隊在享負盛名的沃爾沃環球帆船賽 17-18 香港站 賽 事 中 勝 出，此 ...

下午好女士先生們我請代表新鋒基有效公司歡迎各位出席公司2023年年度業績投資者網上會議本次會議將以普通話進行各位投資者的麥克風設置為靜音演講結束後監視將有問答環節現在我為大家介紹今天主講的公司管理層 集團投資者關係副總裁張前女士Shirley在今天的會議上Shirley會將向各位投資者介紹公司2023年年度業績表現以及公司2024年的展望和發展計劃業績簡解結束後Shirley將回答各位的問題今天的討論包括前瞻性陳述並涉及集團無法控制的假設和因素 相關的陳述不一定代表公司集團未來的表現也不構成對未來表現的保證首先有請Shirley為大家簡簡業績好謝謝大家下午好我們的業務核心業務圍繞三大板塊展開信貸投資管理和基金管理2023年我們將融資業務更名為信貸業務以更準確的體現該板塊所提供的產品和服務 我们通过亚洲联合财务和新鸿基信贷开展信贷业务为我们提供稳定具有韧性的现金流我们的投资管理业务部门凭借集团的专业知识和全球网络在多元化的资产类别行业和地区中寻找具有吸引力的经风险调整的投资回报机会我们的基金管理业务拥有全面的监管牌照 可以通過包括基金合作夥伴西蒙基Capital Partners自有基金以及家族辦公室解決方案來 ...

Layout 跟上年 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佈的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公佈全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 2023 年全年業績公佈 主席函件 過去一年，中美兩國的市場表現、通脹預期和利率環境呈現明顯的差異。在此複 雜的宏觀經濟背景下，新鴻基有限公司（「新鴻基公司」或「本公司」，連同其附屬 公司統稱「本集團」）專注於鞏固我們在香港消費金融業的市場地位，並重新調整 我們的多元化投資組合，以推動增長，並繼續拓展我們的另類投資平台。 在整個年度中，我們持續增強各業務板塊的流動性、採取措施管理我們的貸款 賬，並擴展我們的組織架構及技能。我們的消費金融業務成功推出了SIM（Simple Instant Money）信用卡。而隨著估值趨於穩定，我們的投資管理分項在縮窄虧損 方面亦取得了重大進展。此外，我們欣然報告，我們的基金管理業務亦實現了損 益平衡，並進一步擴大來自外部投資者的資產管理規模，這是我們基金管理業務 的重要里程碑。 儘管籌資環境充滿挑戰，但我們的基金管理業務展現了韌性，我們的基金和基金 ...

下 新 鴻 基 有 限 公 司 SUN HUNG KAI & CO. LIMITED 股份代號 : 0086 2023 中期報告 關於我們 目錄 新鴻基有限公司（股份代號：86）（「新鴻基公司」或「本公司」，連同其附屬公司「本集團」） 是一家領先的另類投資金融企業，總部位於香港。建基於1969年，本集團一直擁有及經 營行業領先的金融服務平台。本集團的投資涵蓋公開市場、另類投資及房地產，並於 為股東締造長期經風險調整回報上擁有良好往績。近年，本集團拓展其策略，發掘、 推動及支持亞洲地區的新晉資產管理公司。本集團亦是領先的消費金融公司 — 亞洲聯 合財務有限公司的大股東。截至2023年6月30日，本集團資產總值約為414億港元。 Photo: Kevin Lewis 2 管理層討論及分析 16 董事之權益 19 企業管治 20 其他資料 21 簡明綜合財務報表之審閱報告 22 簡明綜合財務報表 26 簡明綜合財務報表附註 47 公司資料 18 主要股東及其他人士之權益 管理層討論及分析 六個月 截至下列 日期止 年度 2022年 （百萬港元） 12月 2023年 6月 2022年 6月 變動 收入 1,968.3 ...