Financial Performance - Total revenue for the six months ended December 31, 2021, was HKD 38,012,000, a decrease of 7.5% from HKD 41,730,000 in the same period of 2020[7]. - The company reported a net loss of HKD 26,475,000 for the period, compared to a profit of HKD 1,597,000 in the previous year, indicating a significant decline in performance[10]. - Basic and diluted loss per share was HKD 3.65, compared to earnings of HKD 0.3 per share in the prior year[7]. - Commission and fee income decreased to HKD 27,539,000, down 1.8% from HKD 28,054,000 year-on-year[7]. - Interest income from financial assets at amortized cost was HKD 6,617,000, a decline of 36.5% from HKD 10,438,000 in the previous year[7]. - The company experienced a net loss of HKD 12,683,000 from impairment losses on financial instruments, compared to a loss of HKD 11,248,000 in the previous year[7]. - Other income and gains decreased significantly to HKD 310,000 from HKD 3,356,000, reflecting a challenging operating environment[7]. - The company reported a decrease in general and administrative expenses to HKD 43,687,000, down from HKD 51,166,000 in the previous year, indicating cost control efforts[7]. - The fair value change of investment properties resulted in a loss of HKD 305,000, compared to a gain of HKD 159,000 in the previous year[7]. Assets and Liabilities - Total assets decreased from HKD 1,416,215,000 to HKD 1,303,987,000, a decline of approximately 7.9%[12]. - Non-current assets slightly decreased from HKD 558,614,000 to HKD 541,561,000, a reduction of about 3.1%[12]. - Current assets decreased from HKD 857,601,000 to HKD 762,426,000, representing a decline of approximately 11.1%[12]. - Cash and cash equivalents increased from HKD 168,610,000 to HKD 199,346,000, an increase of about 18.2%[12]. - Total liabilities decreased from HKD 947,126,000 to HKD 850,628,000, a reduction of approximately 10.2%[12]. - Net assets decreased from HKD 996,957,000 to HKD 964,322,000, a decline of about 3.3%[12]. - Shareholders' equity attributable to the company decreased from HKD 995,685,000 to HKD 963,086,000, a reduction of approximately 3.3%[12]. - The company reported a decrease in receivables from HKD 332,533,000 to HKD 307,907,000, a decline of about 7.4%[12]. - The company’s investment properties remained stable at HKD 82,269,000 compared to HKD 82,574,000[12]. - The company’s goodwill remained unchanged at HKD 1,149,000[12]. Cash Flow - The net cash generated from operating activities was HKD 96,321,000 for the six months ended December 31, 2021, compared to a cash used of HKD 69,090,000 in the same period of 2020[19]. - The cash and cash equivalents increased by HKD 26,694,000, reaching HKD 195,617,000 as of December 31, 2021, compared to HKD 168,610,000 at the beginning of the period[19]. - The group reported a decrease in operating cash flow before changes in working capital of HKD 13,271,000 for the six months ended December 31, 2021, compared to an increase of HKD 11,925,000 in the same period of 2020[19]. - The group experienced a decrease in accounts payable and other payables amounting to HKD 32,419,000 for the six months ended December 31, 2021, compared to a decrease of HKD 152,203,000 in the same period of 2020[19]. - The group recorded a financial asset fair value adjustment increase of HKD 25,187,000 for the six months ended December 31, 2021, compared to a decrease of HKD 19,806,000 in the same period of 2020[19]. - The group had a total bank borrowings of HKD 3,111,973,000, with repayments amounting to HKD 175,000,000 during the financing activities[19]. - The group reported a net cash used in financing activities of HKD 69,627,000 for the six months ended December 31, 2021, compared to cash generated of HKD 51,494,000 in the same period of 2020[19]. Revenue Segments - Total revenue from contract customers for the six months ended December 31, 2021, was HKD 27,539,000, a decrease of 1.8% from HKD 28,054,000 in the same period of 2020[42]. - Commission and fee income from brokerage services was HKD 10,802,000, down 26.5% from HKD 14,595,000 year-on-year[43]. - Corporate finance revenue increased significantly to HKD 14,020,000, up 50.5% from HKD 9,327,000 in the previous year[43]. - Asset management revenue rose to HKD 23,000, compared to HKD 15,000 in the same period last year, marking a 53.3% increase[43]. - Interest income from margin and cash clients decreased to HKD 666,000 from HKD 3,329,000, a decline of 80%[35]. - Total income from debt securities was HKD 628,000, down from HKD 869,000, reflecting a decrease of 27.7%[35]. - The total income from other services was HKD 2,694,000, slightly up from HKD 2,648,000, indicating a growth of 1.7%[43]. Future Plans and Strategies - The company aims to leverage its core values to drive future business growth despite the current financial challenges[3]. - The company plans to expand its market presence and enhance its product offerings in the upcoming quarters[46]. - The company is exploring the promotion of investment funds focused on Vietnam and plans to establish a new small investment fund in Hong Kong[118]. - The group is in the process of establishing a joint venture in Chongqing, China, with an investment of RMB 330 million, representing a 22% equity stake[91]. - The group is seeking investment opportunities in the Hong Kong real estate market through a project company in which it holds a 30% stake, with a maximum capital commitment of HKD 45 million[124]. Shareholder Information - The company declared an interim dividend of HKD 0.01 per share, totaling HKD 7,304,000, compared to HKD 10,792,000 for the previous year[59]. - Dr. Cai Guanshen holds a personal interest of 186,648,139 ordinary shares, representing 25.94% of the total issued shares, and a corporate interest of 215,987,808 shares, representing 30.02%[136]. - Major shareholders include Dr. Cai Guanshen with a total interest of 55.96% and World Developments Limited holding 25.81%[140]. - The board declared an interim dividend of HKD 0.01 per ordinary share for the six months ended December 31, 2021, compared to HKD 0.015 for the same period in 2020[134]. Corporate Governance - The company has complied with the corporate governance code as per the Stock Exchange's listing rules during the reporting period[142]. - The company has adopted the standard code of conduct as per the listing rules and confirmed compliance by all directors during the review period[148]. - The Audit Committee has reviewed the accounting principles and practices adopted by the group, including the interim report for the six months ended December 31, 2021[151]. - The interim financial data includes the consolidated financial position and related income statement for the six months ended December 31, 2021[155]. - The company has not identified any matters that would lead to a belief that the interim financial data is not prepared in accordance with Hong Kong Accounting Standard 34[157].

SUNWAH KINGSWAY 新華滙富 Sunwah Kingsway Capital Holdings Limited 新 華 滙 富 金 融 控 股 有 限 公 司 於 百 慕 達 註 冊 成 立 之 有 限 公 司 股份代號：00188 凝聚實力 推動增長 rears 商界展關懷 aringcompany ons Council of Souncil of Souncil of Souncil of Souncil of Souncil of Souncil of Souncil of Souncil of Seation Council of Series Mi 度報 穩固的業務平台 新華滙富一向專注所長，力臻至善。新華滙富矢志成為香港最佳的 本地金融服務供應商，以熱誠及誠信為本地及國際客戶創建價值。 | --- | --- | --- | --- | --- | --- | --- | |---------------------|------------------------|-----------------------------|---------------------|------- ...

SUNWAH KINGSWAY 新 華 滙富金融控股有限公 司 Sunwah Kingsway Capital Holdings Limited 香港金鐘道89號力寶中心一座7樓 電話：(852) 2283 7000 傳真：(852) 2877 2665 電郵：pr@sunwahkingsway.com www.sunwahkingsway.com 新 華 滙富金融控股有限公 司 Sunwah Kingsway Capital Holdings Limited 於 百 慕達註冊 成 立 之 有 限 公 司 股 份 代號：0 0 1 8 8 準備就緒 迎接轉機 中期報告 2020/21 滾滾長江東逝水 目錄 公司資料 簡明綜合收益表 簡明綜合全面收益表 簡明綜合財務狀況表 簡明綜合權益變動表 簡明綜合現金流量表 簡明綜合財務報表附註 管理層討論及分析 獨立審閱報告 1 2 3 4 5 6 7 28 36 新華滙富重視並依循其核心信念，包括誠信、 團隊精神、尊重、責任，以及努力不懈， 力臻至善的雄心壯志。 我們相信，成功的企業乃建基於此等核心信念，並應與企業日常運作的理念一致。我們根深蒂固的核心信念 將繼續於未來 ...

SUNWAH KINGSWAY 新華滙富 Sunwah Kingsway Capital Holdings Limited 新 華 滙 富 金 融 控 股 有 限 公 司 於 百 慕 遮 註冊 成 立 之 有 限 公 司 股份代號：00188 years 商界展開懷 caringcompany Avarded by The Kong Council of Social Service 香港社會服務聯會頒發 準備就緒 迎接轉機 MOBIL 年度報告 穩固的業務平台 新華滙富一向專注所長，力臻至善。新華滙富矢志成為香港最佳的 本地金融服務供應商，以熱誠及誠信為本地及國際客戶創建價值。 | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------|------------|-----------------------------|---------------------|-------|-------------------|----------|-----------------| | 企業融資及資本市場 | | 客戶服務 \ ...

SUNWAH KINGSWAY Sunwah Kingsway Capital Holdings Limited 新 華 滙 富 金 融 控 股 有 限 公 司 於 百 慕 達 註 冊 成 立 之 有 限 公 司 股份代號：00188 優質服務 極致追求 years 商界展開懷 caringcompany ded by The Hong Kong Council of Social Service | --- | --- | --- | --- | |-------------------------------------|-------|----------|-------| | | | | | | itatistic Graph Statistic Graph | | 中期報告 | | | | | | | Statist 目錄 公司資料 簡明綜合收益表 簡明綜合全面收益表 簡明綜合財務狀況表 簡明綜合權益變動表 簡明綜合現金流量表 簡明綜合財務報表附註 管理層討論及分析 獨立審閱報告 1 2 3 4 5 6 7 28 36 Statistic Graph All mentions Statistic G ...

SUNWAH KINGSWAY Sunwah Kingsway Capital Holdings Limited 新 華 滙 富 金 融 控 股 有 限 公 司 於 百 慕 建 註 冊 成 立 之 有 限 公 司 股份代號：00188 years 商界展關懷 @ caringcompany Awarded by The long Kong Council of Social Service 優質服務 極致追求 | --- | --- | --- | --- | |---------------------------------|-------|----------|-------| | | | | | | itatistic Graph Statistic Graph | | 年度報告 | | | | | | | statist 穩固的業務平台 新華滙富一向專注所長，力臻至善。新華滙富矢志成為香港最佳的 本地金融服務供應商，以熱誠及誠信為本地及國際客戶創建價值。 | --- | --- | --- | --- | --- | --- | --- | |---------------------|------ ...

Financial Performance - Total revenue for the six months ended December 31, 2018, was HKD 70,862,000, a decrease of 6.6% compared to HKD 75,860,000 in the same period of 2017[10] - Commission and fee income decreased to HKD 51,897,000, down 15.5% from HKD 61,483,000 year-over-year[10] - Interest income increased to HKD 16,051,000, representing a 47.5% increase from HKD 10,886,000 in the previous year[10] - The company reported a net loss of HKD 41,749,000 for the period, compared to a profit of HKD 12,808,000 in the same period last year[10] - Basic and diluted loss per share was HKD 0.61, compared to earnings of HKD 0.23 per share in the prior year[10] - The overall comprehensive loss for the period was HKD 30,759,000, compared to a comprehensive income of HKD 44,496,000 in the same period last year[13] Assets and Liabilities - Non-current assets decreased from HKD 612,269,000 to HKD 607,094,000, a decline of approximately 0.3%[15] - Current assets decreased significantly from HKD 1,838,618,000 to HKD 1,275,917,000, representing a decrease of about 30.7%[15] - Total liabilities decreased from HKD 1,250,339,000 to HKD 777,573,000, a reduction of approximately 37.8%[15] - The company's net asset value decreased from HKD 1,164,308,000 to HKD 1,068,172,000, a decline of about 8.2%[15] - Cash and cash equivalents decreased from HKD 230,663,000 to HKD 194,078,000, a decrease of approximately 15.8%[15] Cash Flow - Operating cash flow before changes in working capital was (48,916) thousand HKD, a significant decrease compared to 4,120 thousand HKD in the previous year[20] - Cash generated from operating activities was (44,832) thousand HKD, down from 4,547 thousand HKD year-on-year[20] - The company reported a decrease in accounts receivable, loans, and other receivables by 344,767 thousand HKD, compared to an increase of (30,884) thousand HKD in the previous year[20] - The company did not pay dividends to shareholders during this period, compared to 13,803 thousand HKD paid in the previous year[20] Accounting Standards and Impairment - The company adopted new accounting standards, including HKFRS 9 and HKFRS 15, which may impact the classification and measurement of financial assets and liabilities[29] - The company established an expected credit loss model for impairment, adjusting the expected credit loss amount based on the latest conditions at each reporting date[35] - The expected credit loss is calculated based on the probability of default, loss given default, and exposure at default, using historical data and forward-looking information[45] - The company will recognize significant increases in credit risk if contractual payments are overdue by more than 30 days, and will consider assets overdue by more than 90 days as defaulted[42] Shareholder Information - The company declared a final dividend of HKD 20,705 million for the period, an increase from HKD 13,803 million in the previous year[77] - The board declared an interim dividend of HKD 0.2 per ordinary share for the six months ended December 31, 2018, consistent with the previous year[158] - Major shareholders include Dr. Cai Guanshen with a total interest of 52.26% and World Developments Limited with 28.36%[165] Corporate Governance - All directors confirmed compliance with the standard code of conduct during the review period of six months[172] - The audit committee reviewed the accounting principles and practices adopted by the group, including the interim report for the six months ended December 31, 2018[175] - The independent review report concluded that there were no matters that would lead to a belief that the financial statements were not prepared in accordance with the relevant accounting standards[179] Market Conditions - The average monthly trading volume on the main board and GEM decreased by 11% to approximately HKD 185 billion in the first half of the 2019 fiscal year, down from HKD 208.5 billion in the same period of the previous year[136] - The average daily market turnover fell to HKD 89 billion in the first half of the 2019 fiscal year, compared to HKD 100 billion in the same period of the previous year[141] Future Plans - The group plans to invest RMB 330 million in a joint venture in Chongqing, China, which will hold 22% equity in the venture, pending approval from the China Securities Regulatory Commission[115] - The company plans to invest approximately HKD 8 million in properties located in Osaka, Japan, following an investment in Tokyo[147]