Financial Performance - The total revenue for the year ended July 31, 2024, was approximately HKD 122.7 million, a decrease of 36.1% compared to HKD 192.2 million in 2023[26] - The profit attributable to the owners of the company for the year was HKD 5.6 million, a turnaround from a loss of HKD 30 million in 2023[26] - Revenue from property sales amounted to HKD 15.2 million, significantly up from HKD 1.1 million in the previous year[26] Liquidity and Financial Position - The group maintained liquidity with bank balances and cash totaling HKD 175.7 million as of July 31, 2024, down from HKD 191.9 million in 2023[28] - The total value of securities held by the group increased to HKD 99.8 million from HKD 78.4 million in 2023[28] - The group's debt-to-equity ratio was 4.9% as of July 31, 2024, compared to 4.6% in 2023[28] Consumer Finance Business - Interest income from consumer finance loans was HKD 27.3 million, slightly down from HKD 28.7 million in 2023[33] - The group is actively developing its consumer finance service as a new revenue source despite not yet achieving break-even[33] - As of July 31, 2024, the consumer finance business had approximately 3,000 users, down from 3,500 users in 2023, with a net loan portfolio of HKD 65,100,000 compared to HKD 77,800,000 in 2023[39] Hotel Operations - The occupancy rate of the Foshan Caishen Hotel increased to approximately 24.0% in 2024 from 12.4% in 2023, generating revenue of approximately HKD 13,900,000 compared to HKD 7,000,000 in 2023[44] - The Macau Caishen Hotel recorded an occupancy rate of approximately 97.7% in 2024, up from 72.8% in 2023, with revenue of approximately HKD 231,200,000 compared to HKD 134,300,000 in 2023[44] Investment Portfolio - The investment portfolio as of July 31, 2024, included listed equity securities valued at HKD 32,700,000 and debt securities at HKD 67,200,000, with the debt securities decreasing from HKD 78,400,000 in 2023[45] - The equity portfolio experienced a net fair value loss of HKD 1,500,000 in 2024, compared to a loss of HKD 100,000 in 2023, with dividend income of HKD 300,000, down from HKD 2,600,000 in 2023[45] Risk Management and Governance - The company has established a risk management framework to identify, assess, and manage significant risks, with annual reviews conducted by the board[104] - The risk management and internal control systems are designed to manage risks rather than eliminate them, providing reasonable assurance against significant misstatements[105] - The company has adopted a code of conduct for securities trading, ensuring compliance by all directors throughout the year[107] Employee and Training Initiatives - Total employee compensation for the year ending July 31, 2024, amounted to approximately HKD 23,700,000, an increase from HKD 19,800,000 in 2023[63] - The average training duration for each employee was approximately 6.00 hours during the reporting period, significantly up from 0.41 hours in 2023[169] - The company reported one workplace injury during the reporting period, resulting in one lost workday, with no fatalities recorded[168] Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes sustainable development as a key to success, integrating this concept into its business strategy[122] - The ESG report outlines the company's environmental, social, and governance initiatives and performance for the year ending July 31, 2024[121] - The company actively promotes a culture of environmental and social sustainability among employees and stakeholders[122] Sustainability and Emission Reduction - Total greenhouse gas emissions decreased to approximately 2,358.88 tons of CO2 equivalent, down from 2,524.52 tons in the previous year, achieving a reduction in emission intensity to 0.07 tons per room per night from 0.14 tons[145] - Total energy consumption was approximately 4,874.68 MWh, a decrease from 5,263.43 MWh in the previous year, with energy intensity reduced to 0.14 MWh per room per night from 0.29 MWh[153] - The company aims to maintain or reduce greenhouse gas emissions intensity in the next reporting year, targeting 2024 as the benchmark[145] Community and Supplier Engagement - The group emphasizes local procurement to stimulate the local economy and support job creation in the communities where it operates[183] - The group has a commitment to responsible procurement and environmental management, prioritizing recyclable and eco-friendly products[175] - The group actively encourages suppliers to consider climate risks and reduce environmental impacts during procurement processes[175]

Financial Performance - For the fiscal year ending July 31, 2024, the company reported total revenue of HKD 29,061,000, an increase from HKD 27,338,000 in the previous year, representing a growth of 6.3%[1] - The gross profit for the year was HKD 42,750,000, compared to HKD 33,296,000 in the previous year, indicating a significant increase of 28.5%[1] - The net profit for the year was HKD 3,787,000, a recovery from a loss of HKD 33,697,000 in the previous year[1] - The total comprehensive income for the year was HKD 527,000, a substantial improvement from a loss of HKD 52,162,000 in the previous year[2] - Basic earnings per share improved to HKD 2.9 from a loss of HKD 15.4 in the previous year[2] - The company's profit for the year 2024 reached HKD 5,569,000, a significant recovery from a loss of HKD 29,967,000 in 2023[23] - The profit attributable to the owners of the company for the year was HKD 5.6 million, recovering from a loss of HKD 30 million in 2023[43] Assets and Liabilities - Non-current assets increased to HKD 429,726,000 from HKD 390,939,000, reflecting a growth of 9.9%[3] - Current assets decreased to HKD 377,423,000 from HKD 413,003,000, a decline of 8.6%[3] - The company's total assets less current liabilities stood at HKD 785,556,000, slightly down from HKD 786,811,000 in the previous year[3] - The total equity attributable to the owners of the company was HKD 823,048,000, an increase from HKD 819,963,000 in the previous year[4] - As of July 31, 2024, the outstanding loan balance was HKD 651,370,000, a decrease from HKD 689,488,000 in the previous year, with loan repayments of HKD 80,000,000 received during the year[13] - The group maintained a debt-to-equity ratio of 4.9% as of July 31, 2024, slightly up from 4.6% in 2023[45] Revenue Segmentation - For the fiscal year ending July 31, 2024, the total revenue from the hotel business was HKD 13,880,000, while the total revenue from financial investments was HKD 66,338,000, and the total revenue from consumer finance was HKD 27,338,000, leading to a consolidated revenue of HKD 122,737,000[17] - The group reported a segment loss of HKD 11,622,000 from the hotel business and a segment loss of HKD 2,459,000 from consumer finance, resulting in a total segment loss of HKD 8,079,000 for the consolidated results[17] - Revenue from property sales increased to HKD 15.2 million, compared to HKD 1.1 million in the previous year[48] - The consumer finance segment generated interest income of HKD 27.3 million, down from HKD 28.7 million in 2023[49] Expenses and Losses - The group reported other losses of HKD 6,271,000 for the year ending July 31, 2024, compared to HKD 5,242,000 in the previous year, primarily due to fair value losses on financial assets[19] - The financial expenses for the year included interest on lease liabilities and overdraft interest totaling HKD 49,000, an increase from HKD 33,000 in the previous year[18] - The company incurred a loss of HKD 15,213,000 from bank and other interest income in 2024, compared to a loss of HKD 11,785,000 in 2023[22] - The group recorded an impairment loss of HKD 9,400,000 for accounts receivable under the expected credit loss model, a decrease from HKD 13,800,000 in 2023[55] Employee and Operational Costs - Total employee benefits expenses increased to HKD 23,663,000 in 2024, up from HKD 19,836,000 in 2023, reflecting a growth of approximately 19%[22] - Total employee compensation amounted to approximately HKD 23,700,000, an increase from HKD 19,800,000 in 2023, with about 95 employees as of July 31, 2024[63] - The company did not receive any government subsidies for employee benefit expenses in 2024, compared to HKD 215,000 in 2023[22] Audit and Compliance - The auditors issued a qualified opinion on the financial statements for the year ended July 31, 2024, as per the requirements of the Hong Kong Companies Ordinance[10] - The independent auditor's report expressed a qualified opinion due to insufficient evidence regarding expected credit loss provisions related to Tianfu[38] - The financial statements for the year ended July 31, 2023, were audited by a predecessor auditor, who also issued a qualified opinion[39] - The Audit Committee has been established and consists of independent non-executive directors, including Mr. Hong Ka Hei (Chairman) and others, with five meetings held during the year[70] Investments and Subsidiaries - The group's associate, Tenfu Group, primarily operates hotels and property investments in China, with the group's equity accounted for based on Tenfu's financial statements[12] - The company holds a 32.5% stake in Tianfu Group, which operates in hotel management and property investment in Macau[35] - Revenue from the associate company, Tianfu, increased to HKD 231,213,000 in 2024, up from HKD 134,303,000 in 2023, representing a growth of approximately 72%[27] - The net asset value attributable to Tianfu's owners rose to HKD 500,923,000 in 2024, compared to HKD 438,503,000 in 2023, marking an increase of about 14%[28] Cash Flow and Dividends - As of July 31, 2024, dividends receivable from Tianfu amounting to HKD 12,621,000 were settled, indicating positive cash flow from investments[37] - The group does not recommend any dividend payment for the year ending July 31, 2024[44] - The group had cash and bank balances of HKD 175.7 million, a decrease from HKD 191.9 million in 2023[45] Market and Operational Strategy - The group is actively monitoring foreign currency risks without hedging, focusing on appropriate measures when necessary[46] - The group is undergoing phased renovations at the Foshan Caishen Hotel, which may temporarily impact operations but is expected to enhance competitiveness in the long term[64] - The group will continue to monitor global economic developments and formulate strategies to effectively utilize resources for sustainable long-term growth[65]

Financial Performance - For the six months ended January 31, 2024, the company reported a pre-tax profit of HKD 4,905,000 compared to a loss of HKD 12,287,000 in the same period last year, marking a significant turnaround [12]. - The company's total revenue for the period was HKD 10,839,000, with a gross profit of HKD 20,087,000, indicating a recovery in operational performance [26]. - The total comprehensive income for the period was HKD 4,088,000, a recovery from a loss of HKD 12,683,000 in the prior year, showcasing a positive shift in overall financial health [26]. - Basic earnings per share for the period were HKD 3.26, compared to a loss per share of HKD 5.05 in the same period last year, reflecting improved profitability [26]. - The company reported a net profit attributable to owners of HKD 6,300,000 for the six months ended January 31, 2024, compared to a net loss of HKD 9,800,000 in the same period last year [152]. Cash Flow and Management - The net cash outflow from operating activities was HKD 16,222,000, a notable improvement from HKD 129,050,000 in the previous year, reflecting better cash management [12]. - Cash and cash equivalents at the end of the period stood at HKD 169,161,000, down from HKD 208,697,000, reflecting ongoing investment activities [12]. - The group held cash and bank balances of HKD 169,800,000 as of January 31, 2024, down from HKD 191,900,000 as of July 31, 2023 [74]. Credit Quality and Receivables - The company recorded a decrease in expected credit loss impairment of HKD 5,443,000, down from HKD 6,440,000 year-on-year, indicating improved credit quality [12]. - The company reported a decrease in trade and other receivables by HKD 6,286,000, which is an improvement from the previous year's increase of HKD 3,691,000, indicating better collection efforts [12]. - The expected credit loss under the consumer finance service customer receivables was HKD 11,590,000 as of January 31, 2024, down from HKD 13,783,000 as of July 31, 2023 [165]. Revenue Growth and Business Segments - For the six months ending January 31, 2024, the group recorded revenue of HKD 24,900,000, an increase from HKD 16,900,000 for the same period last year, representing a growth of approximately 47.3% [73]. - The group's hotel business generated revenue of HKD 6,600,000, significantly up from HKD 1,700,000 in the previous year, marking an increase of about 288.2% [73]. - Hotel business revenue increased to HKD 10,839,000, up from HKD 2,771,000, marking a growth of about 290.5% year-over-year [117]. Assets and Liabilities - The company reported a net asset value of HKD 769,998,000 as of January 31, 2024, compared to HKD 765,910,000 as of July 31, 2023, reflecting a slight increase of 0.14% [27]. - The total assets minus current liabilities amounted to HKD 790,181,000, up from HKD 786,811,000, indicating a growth of 0.47% [27]. - The company’s total liabilities decreased from HKD 17,131,000 to HKD 15,092,000, a reduction of 11.93% [27]. Strategic Plans and Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth [12]. - The company has set a future outlook with a revenue growth target of 10% for the next fiscal year [188]. - Market expansion plans include entering two new international markets by the end of 2024 [188]. - The company is considering strategic acquisitions to enhance its market position, with a budget of $100 million earmarked for potential deals [188]. Operational Efficiency - Operational efficiency improvements are projected to reduce costs by 5% in the upcoming year [188]. - The company aims to increase its market share by 3% through targeted marketing strategies [188]. Corporate Governance - The company maintained compliance with the corporate governance code, with all directors confirming adherence to the trading standards for securities [97]. - The company has appointed new directors, including Ms. Xiao Lina as the executive director and chairperson, enhancing leadership in fintech and consumer finance [94][100].

Financial Performance - For the six months ended January 31, 2024, the company reported total revenue of HKD 10,839,000, an increase of 291% compared to HKD 2,771,000 for the same period in 2023[4] - Gross profit for the same period was HKD 20,087,000, up 34.3% from HKD 14,965,000 year-over-year[4] - The company recorded a profit before tax of HKD 4,905,000, a significant turnaround from a loss of HKD 12,287,000 in the previous year[4] - The net profit attributable to the owners of the company was HKD 6,326,000, compared to a loss of HKD 9,820,000 in the prior period[5] - Basic earnings per share for the period was HKD 3.26, recovering from a loss of HKD 5.05 per share in the same period last year[5] - The total revenue for the group reached HKD 40,704,000 for the six months ended January 31, 2024, compared to HKD 59,175,000 for the same period in 2023, indicating a decline of 31%[18] - The hotel business reported a segment loss of HKD 6,734,000 for the six months ended January 31, 2024, compared to a loss of HKD 8,921,000 in the previous year[18] - The group recorded a pre-tax loss of HKD 12,287,000 for the six months ended January 31, 2024[22] - Basic loss per share attributable to the owners of the company was HKD 6,326,000 for the six months ended January 31, 2024, compared to a loss of HKD 9,820,000 in the previous year[29] Assets and Liabilities - Total assets as of January 31, 2024, amounted to HKD 405,519,000, slightly down from HKD 413,003,000 as of July 31, 2023[7] - The company's net asset value increased to HKD 769,998,000 from HKD 765,910,000 year-over-year[8] - The company reported a liquidity position with bank balances and cash of HKD 169,800,000 as of January 31, 2024, compared to HKD 191,900,000 as of July 31, 2023[41] - The asset-to-equity ratio was reported at 4.3% as of January 31, 2024, slightly down from 4.6% as of July 31, 2023[41] - The group provided guarantees of approximately HKD 11,500,000 for mortgage loans to buyers of developed properties, down from HKD 15,100,000 as of July 31, 2023[52] Marketing and Expenses - The company reported a decrease in marketing expenses to HKD 2,457,000 from HKD 3,023,000, reflecting a 18.7% reduction[4] - The group reported a depreciation expense of HKD 5,069,000 for the six months ended January 31, 2024, compared to HKD 5,707,000 in the previous year[21] Consumer Finance Segment - Interest income from consumer finance services was HKD 14,042,000 for the six months ended January 31, 2024, slightly down from HKD 14,082,000 in the previous year[15] - The company had approximately 3,200 active users in its consumer finance segment, down from 3,500 users as of July 31, 2023[45] - The loan portfolio net amount in the consumer finance segment was HKD 63,900,000, a decrease from HKD 77,800,000 as of July 31, 2023[45] - The company recorded a decrease in expected credit loss on receivables to HKD 5,400,000 from HKD 6,400,000 in the previous year[46] Market Strategy and Future Plans - The company plans to continue its focus on expanding its market presence and enhancing its product offerings in the upcoming periods[10] - The board will continue to monitor global economic developments and strategize to effectively utilize resources for sustainable long-term growth[51] Corporate Governance and Employee Compensation - The company has complied with all applicable provisions of the corporate governance code during the six months ended January 31, 2024, with certain deviations noted regarding the appointment of independent non-executive directors[56] - The group has maintained a competitive compensation package for employees, including basic salary, bonuses, stock options, and other benefits[54] Investment Portfolio - The company’s financial assets measured at fair value through profit or loss increased to HKD 100,347,000 from HKD 78,367,000, a growth of 28.1%[7] - The fair value of financial assets measured at fair value through profit or loss was HKD 100,347,000 as of January 31, 2024, up from HKD 78,367,000 as of July 31, 2023[34] - The fair value increase of financial assets measured at fair value through profit or loss was HKD 2,218,000 for the six months ended January 31, 2024, down from HKD 8,619,000 in the previous year[24] - The bond portfolio generated a net fair value gain of HKD 2,500,000 and interest income of HKD 3,900,000 during the period, compared to a net fair value gain of HKD 100,000 and interest income of HKD 500,000 for the six months ended January 31, 2023[49] - The equity portfolio recorded a net fair value loss of HKD 200,000, contrasting with a net fair value gain of HKD 5,100,000 for the six months ended January 31, 2023[50] - As of January 31, 2024, the group held 6 listed debt securities and 1 unlisted debt security, maintaining a 100% investment portfolio allocation[49] - The largest single debt security's market value accounted for approximately 3.7% of the group's total assets, up from 2.8% as of July 31, 2023[49] - The top five debt securities represented about 12.2% of total assets, an increase from 9.4% as of July 31, 2023[49] Property Sales - The property sales revenue for the six months ended January 31, 2024, was HKD 4,200,000, compared to HKD 1,100,000 for the same period in 2023[44] - The hotel business generated revenue of HKD 6,600,000, significantly up from HKD 1,700,000 in the prior year, indicating a recovery in occupancy rates[40]

Financial Performance - The total revenue for the year ended July 31, 2023, was approximately HKD 192.2 million, a decrease of 76.9% from HKD 831.1 million in 2022[7]. - The property sales revenue was HKD 1.1 million, down from HKD 55.7 million in the previous year, indicating a decline of 98.0%[14]. - The interest income from consumer finance services was HKD 28.7 million, an increase of 4.4% from HKD 27.5 million in 2022[15]. - The loss attributable to shareholders for the year was HKD 30 million, a significant reduction from HKD 98.3 million in 2022, representing a decrease of 69.5%[7]. - The group recorded deposits of approximately HKD 1.9 million for unsold units, slightly down from HKD 2 million in 2022[14]. - The group continues to develop its consumer finance services as a new revenue source despite not yet achieving breakeven[15]. - The occupancy rate of the Foshan Caishen Hotel increased to approximately 12.4% in 2023 from 6.6% in 2022, with revenue rising to HKD 7,000,000 from HKD 4,100,000[25]. - The Macau Caishen Hotel recorded an occupancy rate of approximately 72.8% in 2023, up from 55.4% in 2022, with revenue increasing to HKD 134,300,000 from HKD 89,500,000[25]. - The company reported a significant increase in revenue, achieving a total of HKD 1.2 billion for the fiscal year ending July 31, 2023, representing a 15% year-over-year growth[95]. - Cash flow from operations improved, with a net cash inflow of HKD 300 million, indicating a strong liquidity position[95]. Financial Position - As of July 31, 2023, the group held cash and bank balances of HKD 191.9 million, down from HKD 336.8 million in 2022, a decrease of 43.0%[9]. - The total debt-to-equity ratio was 4.6%, a significant improvement from 18.8% in the previous year[9]. - The group has no outstanding bank borrowings as of July 31, 2023, maintaining a strong liquidity position[9]. - The debt securities investment portfolio was valued at HKD 78,400,000 as of July 31, 2023, compared to HKD 52,600,000 in 2022[26]. - The net fair value loss on the debt portfolio was HKD 8,800,000 in 2023, significantly reduced from HKD 23,500,000 in 2022[28]. - The company had no listed equity securities as of July 31, 2023, down from HKD 52,600,000 in 2022, indicating a shift in investment strategy[28]. - The company reported a dividend income of HKD 2,600,000 from its equity portfolio in 2023, down from HKD 7,200,000 in 2022[28]. Consumer Finance Services - As of July 31, 2023, the consumer finance service had approximately 3,500 users, an increase from 3,400 users in 2022[20]. - The net loan portfolio amounted to HKD 77,800,000 as of July 31, 2023, compared to HKD 67,200,000 in 2022, reflecting a growth of approximately 23.9%[20]. - Loans issued to about 74% of customers were for principal amounts of HKD 40,000 or below, down from 83% in 2022[20]. - The impairment loss on receivables for the year was HKD 13,800,000, a decrease from HKD 15,200,000 in 2022, indicating improved credit control[24]. - Management believes that the credit risk associated with loans and interest receivables from Entity A is not expected to increase significantly, as HKD 55,363,000 has been repaid as of July 31, 2023[32]. Hotel Operations - The hotel business has shown significant improvement, with occupancy rates returning to pre-pandemic levels following the reopening of borders in January 2023, despite moderate discounts on average room rates[33]. - Management anticipates improved financial performance due to the recovery of hotel operations from the pandemic's impact[37]. Audit and Governance - The independent auditor expressed a "qualified opinion" regarding the assessment of losses and receivables from an associated company, indicating insufficient evidence to evaluate the financial statements[31]. - The audit committee is actively monitoring the audit matters related to Tianfu and acknowledges the lack of control over Tianfu's management and operations[40]. - The independent auditor's opinion reflects the need for professional and independent evaluation regarding the recoverability of loans and interest receivables[40]. - The company has established an audit committee, chaired by independent non-executive director Yang Zhiwei, to oversee the group's reporting procedures and internal controls[67]. - The audit committee held five meetings during the year to review the audited performance of the group for the year ending July 31, 2023[69]. - The board confirmed its responsibility for preparing true and fair financial statements, with the auditor's report included in the annual report[77]. Corporate Governance - The company has complied with all applicable provisions of the corporate governance code, except for certain deviations regarding the appointment terms of independent non-executive directors[59]. - The board consists of two executive directors, one non-executive director, and three independent non-executive directors, ensuring appropriate accounting and financial management expertise[60]. - The company encourages all directors to participate in relevant training courses to enhance their knowledge and skills[61]. - The remuneration committee consists of three independent non-executive directors and the CEO, responsible for proposing remuneration policies for all directors and senior management[72]. - The nomination committee is tasked with reviewing the board's structure and composition, ensuring diversity in skills, knowledge, and experience[73]. Environmental, Social, and Governance (ESG) Initiatives - Environmental, social, and governance (ESG) initiatives are being prioritized, with a commitment to reduce carbon emissions by 25% over the next five years[96]. - The total greenhouse gas emissions for the reporting period were approximately 2,524.52 tons of CO2 equivalent, with an intensity of about 0.14 tons of CO2 equivalent per room per night[118]. - The company aims to maintain or reduce greenhouse gas emission intensity in the next reporting year, using 2023 as the baseline[118]. - The company has implemented energy-efficient lighting solutions, with 95% of the lighting systems using LED lights and energy-saving tubes[116]. - The company is committed to reducing non-hazardous waste consumption and aims to maintain or decrease waste intensity in the next reporting year, using 2023 as the baseline[121]. - The company has established policies to manage and reduce its operational impact on the environment, focusing on energy conservation and waste reduction[114]. - The company actively promotes recycling and has implemented measures to encourage the reuse of materials within its operations[121]. - The company is focused on enhancing employee awareness of environmental protection and sustainable practices[124]. Employee and Workforce Management - The total employee compensation amounted to approximately HKD 19,800,000, a slight decrease from HKD 20,100,000 in 2022[44]. - Approximately 90 employees are currently employed by the group, with about 50 based in mainland China[44]. - The workforce increased to 44 full-time employees as of July 31, 2023, compared to 35 employees in 2022[135]. - The overall employee turnover rate decreased from 11.43% in 2022 to 9.09% in 2023, indicating improved employee retention[158]. - The average training duration per employee was approximately 0.41 hours, a decrease from 0.57 hours in 2022, indicating a commitment to employee development and continuous improvement[141]. - The company emphasizes employee health and safety, providing appropriate protective equipment and regular safety training[136]. - The company complies with the Fire Safety Law of the People's Republic of China and conducts regular fire drills[137]. Strategic Initiatives - The company plans to expand its hotel operations in mainland China, targeting a 20% increase in room capacity by the end of 2024[97]. - New product offerings in the consumer finance sector are expected to contribute an additional HKD 150 million in revenue next year[97]. - The company is investing HKD 50 million in technology upgrades to enhance data security and operational efficiency[97]. - Future earnings guidance suggests a growth rate of 10-12% for the upcoming fiscal year, driven by increased market demand[95]. - The company has initiated a strategic review for potential acquisitions in the hospitality sector, aiming to enhance market share[97]. Shareholder Information - The board has approved a dividend payout of HKD 0.05 per share, reflecting a commitment to returning value to shareholders[95]. - The company has not declared any distributable reserves for shareholders as of July 31, 2023, and July 31, 2022[190]. - There were no changes in the issued share capital during the year, maintaining stability in equity structure[185]. - Mr. Xu holds a total of 55,000,000 shares, representing 28.3% of the company's issued share capital[196]. - Mr. Zhu holds a total of 47,891,305 shares, representing 24.6% of the company's issued share capital[196].

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告全部或任何 部份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。 CAPITAL ESTATE LIMITED 冠中地產有限公司 （於香港註冊成立之有限公司） （股份代號：193） 截至二零二三年七月三十一日止年度 業績公告 冠中地產有限公司（「本公司」）之董事會（「董事會」）欣然公佈本公司及其附屬公 司（合稱「本集團」）截至二零二三年七月三十一日止年度之經審核綜合業績及上 一個財政年度之比較數字如下： 綜合損益及其他全面收益表 截至二零二三年七月三十一日止年度 二零二三年 二零二二年 附註 千港元 千港元 收益 | --- | --- | --- | --- | |------------------------|-------|---------|----------| | 客戶合約 | 5 | 8,148 | 59,799 | | 按實際利率法計算之利息 | | 28,728 | 27,474 | | 銷售成本 | | (510) | (32,598) | | 直 ...

Financial Performance - Total revenue for the six months ended January 31, 2023, was HKD 2,771,000, compared to HKD 48,813,000 for the same period in 2022, representing a decrease of approximately 94.3%[5] - Gross profit for the period was HKD 14,965,000, down from HKD 33,736,000 in the previous year, indicating a decline of about 55.6%[5] - The company reported a loss before tax of HKD 12,287,000, an improvement from a loss of HKD 52,526,000 in the prior year, reflecting a reduction of approximately 76.7%[5] - Net loss for the period was HKD 11,894,000, compared to a net loss of HKD 56,433,000 in the same period last year, showing a decrease of about 78.9%[5] - The company’s total income for the six months was HKD 59,175,000, a significant decrease from HKD 435,037,000 in the previous year, representing an 86.4% decline[20] - For the six months ended January 31, 2023, the company reported a loss attributable to shareholders of HKD 9,820,000, compared to a loss of HKD 57,436,000 for the same period in 2022, representing a 82.9% improvement in loss[33] Assets and Liabilities - Total assets as of January 31, 2023, were HKD 1,243,272,000, down from HKD 1,280,884,000 as of July 31, 2022, representing a decrease of approximately 2.9%[6] - The company's cash and cash equivalents decreased to HKD 208,697,000 from HKD 336,137,000, a decline of about 38%[6] - The company’s equity attributable to owners decreased to HKD 853,387,000 from HKD 863,798,000, a decline of about 1.8%[6] - The company maintained liquidity with bank balances and cash of HKD 209,300,000 as of January 31, 2023, down from HKD 336,800,000 as of July 31, 2022[61] - The debt-to-equity ratio was 4.4% as of January 31, 2023, a decrease from 18.8% as of July 31, 2022[61] Revenue Sources - Total revenue for the hotel business decreased to HKD 2,771,000 from HKD 48,813,000, a decline of 94.3% year-over-year[16] - The hotel business generated revenue of HKD 1,700,000, down from HKD 2,800,000 in the previous year[60] - Property sales revenue was HKD 1,100,000, a significant decline from HKD 46,000,000 year-on-year[60] - Consumer finance service income was HKD 14,100,000, slightly up from HKD 14,000,000 year-on-year[60] - Interest income from consumer finance service receivables increased slightly to HKD 14,082,000 from HKD 13,977,000, reflecting a 0.8% growth[17] Expenses and Losses - The company incurred a financial expense of HKD 24,000, down from HKD 73,000, indicating a reduction of approximately 67.1%[5] - The company incurred a loss of HKD 4,392,000 from an associated company, down from HKD 10,984,000, indicating a 60% reduction in losses[11] - The company recorded a depreciation expense of HKD 5,707,000 for property, plant, and equipment for the six months ended January 31, 2023, compared to HKD 5,678,000 for the same period in 2022, indicating a slight increase of 0.5%[31] Market Strategy and Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters to improve financial performance[7] - The company anticipates positive impacts on the local economy due to the recent relaxation of COVID-19 restrictions, which will be closely monitored for strategic planning[70] - The company is committed to developing consumer finance services as a new revenue source[65] Shareholder Information - As of January 31, 2023, Mr. Xu holds 55,000,000 shares, representing 28.3% of the company's issued share capital[76] - Mr. Zhu holds 47,891,305 shares, which includes 31,650,555 shares through Supervalue Holdings Limited, representing 24.6% of the company's issued share capital[79] - AE Majoris Global Investment Limited, owned by Mr. Xu, holds 55,000,000 shares, accounting for 28.3% of the total issued shares[79] - Supervalue Holdings Limited, owned by Mr. Zhu, holds 31,650,555 shares, representing 16.3% of the total issued shares[79] Corporate Governance - The audit committee reviewed the unaudited interim accounts for the six months ending January 31, 2023[81] - The company has complied with all applicable provisions of the corporate governance code during the reporting period, with some deviations noted[82] - All directors confirmed compliance with the standards of the code for securities trading during the six months ending January 31, 2023[83] - No arrangements were made for directors to benefit from purchasing the company's shares or bonds during the reporting period[78] - The board of directors includes executive directors Mr. Xu and Mr. Zhu, and independent non-executive directors[85]

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告全部或任何 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。 CAPITAL ESTATE LIMITED 冠 中 地 產 有 限 公 司 （於香港註冊成立之有限公司） （股份代號：193） 截至二零二三年一月三十一日止六個月 中期業績 冠中地產有限公司（「本公司」）董事宣佈本公司及其附屬公司（「本集團」）截至二 零二三年一月三十一日止六個月的未經審核綜合業績，連同截至二零二二年一月 三十一日止六個月的比較數字如下： 簡明綜合損益及其他全面收益表 截至二零二三年一月三十一日止六個月 截至下列日期止六個月 二零二三年 二零二二年 一月三十一日 一月三十一日 附註 千港元 千港元 （未經審核） （未經審核） 收益 客戶合約 3 2,771 48,813 按實際利率法計算之利息 3 14,082 13,977 ...

Financial Performance - The total revenue for the year ended July 31, 2022, was approximately HKD 831.1 million, an increase of 14.2% from HKD 727.9 million in 2021[8]. - The annual loss attributable to shareholders was HKD 98.3 million, compared to a loss of HKD 34.1 million in the previous year, marking an increase of 188.5%[8]. - Property sales revenue decreased by over 49%, amounting to HKD 55.7 million, down from HKD 109.9 million in 2021[9]. - The group recorded a fair value loss of HKD 45.6 million on its financial investment portfolio, compared to a loss of HKD 31.9 million in the previous year[9]. - The equity portfolio generated a net fair value loss of HKD 16,100,000 during the year, compared to a fair value gain of HKD 3,000,000 in 2021, while dividend income increased to HKD 7,200,000 from HKD 5,500,000 in the previous year[21]. - The company reported a net loss of HKD 104,316,000 for the year, compared to a net loss of HKD 29,454,000 in the previous year, representing a significant increase in losses[185]. - The company's equity attributable to owners decreased to HKD 863,798,000 from HKD 970,498,000, a decline of 11%[188]. - The company incurred a loss from its share of a joint venture amounting to HKD 25,264,000, compared to HKD 16,360,000 in the previous year[185]. Consumer Finance Services - The net loan portfolio for consumer finance services was HKD 67.2 million, an increase from HKD 54.9 million in 2021, reflecting a growth of 22.1%[17]. - Interest income from consumer finance services rose to HKD 27.5 million, up from HKD 15.9 million in the previous year, representing a growth of 73.6%[17]. - The number of users for the consumer finance service was approximately 3,400, a slight decrease from 3,500 users in 2021[17]. Hotel Operations - The occupancy rate for the hotel business in Foshan dropped to approximately 6.6%, down from 11.1% in 2021, with revenue of HKD 4.1 million compared to HKD 6.3 million in the previous year[18]. - Management's assumptions for the Macau Fortune Hotel's cash flow projections include a recovery of average occupancy rates to pre-COVID levels by 2024 and average room rates returning to pre-COVID levels by 2023[27]. - The independent auditor expressed concerns regarding the lack of sufficient appropriate audit evidence to support the key assumptions in the discounted cash flow forecasts for the hotel business[28]. Investment Portfolio - The group is closely monitoring its investment portfolio to ensure stable income generation and liquidity to support operational and cash needs[20]. - The group held no listed debt securities as of July 31, 2022, down from 14 in 2021, with the only unlisted debt security remaining, representing approximately 0.0% of the investment portfolio (2021: 55.6%) [22]. - The debt portfolio incurred a net fair value loss of HKD 23,500,000 during the year, compared to a loss of HKD 34,900,000 in 2021, with interest income decreasing to HKD 4,300,000 from HKD 21,100,000[22]. Cash and Liquidity - The group held cash and bank balances of HKD 336.8 million as of July 31, 2022, an increase from HKD 222.4 million in 2021, reflecting a growth of 51.5%[11]. - The company's cash and cash equivalents increased to HKD 336,137,000 from HKD 221,755,000, showing a growth of 51.4%[186]. - The net cash flow from operating activities was HKD 128,382,000, a recovery from a negative cash flow of HKD 14,374,000 in 2021[194]. Corporate Governance - The company has complied with all applicable provisions of the corporate governance code, except for certain deviations regarding the appointment of non-executive directors and the attendance of the chairman at the annual general meeting due to COVID-19[52]. - The board consists of two executive directors, one non-executive director, and three independent non-executive directors, with one independent director possessing appropriate accounting qualifications[53]. - The audit committee held two meetings during the year to review the company's annual and interim financial reports and assess internal controls[62]. Risk Management - The group has established a risk management framework, with the board responsible for overseeing the design and implementation of the risk management and internal control systems[71]. - The risk management team conducts annual assessments of significant risks affecting the group's business objectives and develops mitigation plans[72]. - The board believes that the risk management and internal control systems are effective in managing risks associated with achieving business objectives[73]. Employee and Environmental Initiatives - The total employee compensation for the year ended July 31, 2022, was approximately HKD 20,100,000, an increase from HKD 18,300,000 in 2021[40]. - The company actively promotes environmental awareness among employees, encouraging practices such as paperless work and double-sided printing[90]. - The company has implemented water-saving measures, including the installation of sensor taps in hotel restrooms[92]. Shareholder Information - The company has no reserves available for distribution to shareholders as of July 31, 2022[138]. - The company did not engage in any buybacks or redemptions of its listed securities during the year[152]. - Shareholders holding at least 5% of voting rights can request the board to convene a general meeting[83].

Financial Performance - Revenue for the six months ended January 31, 2022, was HKD 62,790,000, an increase of 47.3% compared to HKD 42,638,000 for the same period in 2021[10] - Gross profit for the same period was HKD 33,736,000, representing a gross margin of 53.7% compared to 43.8% in the previous year[10] - The company reported a net loss of HKD 56,433,000 for the six months ended January 31, 2022, compared to a net loss of HKD 2,022,000 in the prior year[10] - Total comprehensive loss for the period was HKD 50,666,000, compared to a comprehensive income of HKD 25,359,000 in the previous year[10] - The company reported a net loss of HKD 57,436,000 for the six months ended January 31, 2022, compared to a profit of HKD 2,028,000 in the same period last year[15] - The total loss before tax for the six months ended January 31, 2022, was HKD 52,526,000, compared to a profit of HKD 2,028,000 in the same period of 2021[22] - The company reported a basic loss per share of HKD 0.295 for the six months ended January 31, 2022, compared to HKD 0.017 for the same period in 2021[37] Assets and Liabilities - The company's total assets as of January 31, 2022, were HKD 1,037,660,000, a decrease from HKD 1,146,760,000 as of July 31, 2021[11] - The company’s equity attributable to owners decreased to HKD 917,387,000 from HKD 970,498,000[11] - The company’s total liabilities increased, with a notable rise in trade and other payables[15] - The fair value of listed equity securities in Hong Kong decreased to HKD 65,625,000 as of January 31, 2022, from HKD 117,711,000 as of July 31, 2021[45] - The company’s debt-to-equity ratio was 16.8% as of January 31, 2022, down from 20.0% as of July 31, 2021[65] Cash Flow and Liquidity - Cash and cash equivalents increased to HKD 341,945,000 from HKD 221,755,000, indicating improved liquidity[11] - Cash and cash equivalents increased by HKD 117,824,000, reaching HKD 341,945,000 at the end of the reporting period[15] - The company’s cash flow from investment activities was HKD 215,000, a decrease from HKD 5,598,000 in the previous year[15] - The company held cash and bank balances of HKD 342,600,000 as of January 31, 2022, an increase from HKD 222,400,000 as of July 31, 2021[65] Consumer Finance Services - The company plans to focus on expanding its consumer finance services, as indicated by the increase in receivables from HKD 16,923,000[11] - Interest income from consumer finance services amounted to HKD 13,977,000, compared to HKD 6,030,000 in the previous year, reflecting a significant increase of 132.5%[22] - The total receivables from consumer finance service customers amounted to HKD 69,155,000 as of January 31, 2022, compared to HKD 54,945,000 as of July 31, 2021, representing a 25.9% increase[41] - The company confirmed property sales revenue of HKD 46,000,000 for the six months ended January 31, 2022, compared to HKD 39,800,000 for the same period last year[68] - The company plans to continue focusing on the development of its consumer finance business as a new revenue source, despite it not yet reaching breakeven[70] Investment Performance - The company recognized a decrease in fair value of financial assets amounting to HKD 41,329,000 during the period[15] - The financial investment segment recorded a loss of HKD 36,023,000, while the property segment generated a profit of HKD 17,573,000[22] - The company’s financial investment portfolio experienced a fair value loss of HKD 41,300,000 during the period, compared to a fair value gain of HKD 3,000,000 in the previous year[64] - The debt portfolio incurred a net fair value loss of HKD 51,300,000, compared to a loss of HKD 3,500,000 for the six months ended January 31, 2021[76] Corporate Governance - The company has complied with all applicable provisions of the corporate governance code during the six months ended January 31, 2022, with some deviations noted[92] - The company did not buy or redeem any of its listed securities during the six months ended January 31, 2022[96] - The board of directors underwent changes, with Mr. Xu Yingde appointed as executive director and chairman on February 15, 2022[98] - The company has adopted the standard code for securities transactions by directors, confirming compliance by all directors for the six months ended January 31, 2022[95] Market Conditions and Future Outlook - The board believes the financial position of the group will not be significantly impacted in the short term despite the ongoing effects of the COVID-19 pandemic[77] - The group continues to monitor the pandemic's developments and aims to formulate strategies to address unprecedented challenges[77]