Lease Receivables - As of December 31, 2024, the total book value of lease receivables is approximately HKD 2.63 billion, down from HKD 3.58 billion as of December 31, 2023[2]. - The book value of trade receivables under operating leases is approximately HKD 123,000, a decrease from HKD 728,000 as of December 31, 2023[2]. - The book value of lease receivables pledged as collateral for asset-backed securities is approximately HKD 2.14 billion, compared to HKD 3.06 billion as of December 31, 2023[2]. Bank Borrowings - The collateral for bank borrowings amounts to approximately HKD 2.29 billion, down from HKD 3.09 billion as of December 31, 2023[2]. Auditor's Remuneration - The auditor's remuneration disclosed in the consolidated performance notes is HKD 2,039,000[2].

Financial Performance - For the fiscal year 2024, the revenue decreased by 25% to approximately HKD 552.64 million due to the group's cautious strategy in developing new leasing businesses amid external economic uncertainties[4]. - The gross profit margin slightly declined from 40% in fiscal year 2023 to 37% in fiscal year 2024, with gross profit and net interest income amounting to approximately HKD 204.95 million, a decrease of 31% compared to the previous year[4]. - The net profit after tax for fiscal year 2024 decreased by 43% to approximately HKD 38.75 million[4]. - The company reported a basic and diluted earnings per share of HKD 0.65, down from HKD 1.14 in the previous year[5]. - The company reported a pre-tax profit of HKD 79,876,000 for the year ending December 31, 2024, compared to HKD 121,501,000 in 2023, indicating a decrease of approximately 34.3%[24]. - The net profit attributable to shareholders for 2024 was HKD 38.63 million, a decrease of 43% compared to HKD 68.00 million in 2023[48]. Revenue Breakdown - Total revenue for the year ended December 31, 2024, was HKD 552,637,000, compared to HKD 740,011,000 for the year ended December 31, 2023, representing a decrease of approximately 25.3%[20]. - Revenue from customer contracts for the year ended December 31, 2024, included HKD 120,142,000, with HKD 87,476,000 from investment and HKD 32,666,000 from services and hotels[20]. - The rental segment generated revenue of HKD 430,401,000, while the property development and investment segment contributed HKD 89,570,000, and the offshore tourism and hotel services segment reported HKD 32,666,000[24]. - The rental business segment generated revenue of HKD 430.40 million in 2024, down 29% from HKD 604.02 million in 2023, accounting for approximately 78% of total revenue[51]. Asset and Liability Changes - Total assets decreased from HKD 6.47 billion to HKD 4.86 billion, reflecting a significant reduction in financing lease receivables[11]. - The leasing receivables decreased by 26% to approximately HKD 6.57 billion, while total net assets slightly decreased by 3% to approximately HKD 2.77 billion, mainly due to the depreciation of the RMB against the HKD[4]. - The total liabilities decreased from HKD 3,605,432,000 in 2023 to HKD 2,092,198,000 in 2024, reflecting a reduction of approximately 42.0%[12]. - The company’s equity attributable to owners decreased from HKD 2,855,043,000 in 2023 to HKD 2,764,335,000 in 2024, a decline of approximately 3.2%[12]. - The group’s total liabilities decreased by 27% to approximately HKD 56.08 billion from approximately HKD 77.1 billion year-over-year[100]. Dividend and Shareholder Returns - The board declared a final dividend of HKD 0.20 per share[4]. - The company proposed a final dividend of HKD 0.20 per share for the fiscal year 2024, down from HKD 0.34 per share in 2023, representing a decrease of approximately 41.2%[30]. Credit and Risk Management - The expected credit loss under leasing receivables decreased by approximately HKD 48.11 million or 99%, primarily due to the reversal of certain expected credit loss provisions after customer account settlements[4]. - The company employs a three-stage impairment model for assessing expected credit losses, with no significant changes in the assessment process this year[72][74]. - Approximately 99% of the net lease receivables as of December 31, 2024, come from state-owned enterprises, indicating a low risk of default[77]. Operational Efficiency - The company’s employee costs totaled HKD 65,427,000 in 2024, down from HKD 72,616,000 in 2023, reflecting a decrease of approximately 9.8%[29]. - The total sales and administrative expenses for the marine tourism and hotel segment slightly decreased by 2% to approximately HKD 24,660,000 in 2024[86]. - Interest expenses decreased by 28% to HKD 184.52 million in 2024 from HKD 257.49 million in 2023, accounting for about 65% of the leasing segment's sales costs[59]. Future Outlook and Strategy - The group plans to expand its leasing business through the securitization of certain receivables and operating leases[41]. - The company aims to focus on strategic emerging industries such as integrated circuits, biomedicine, and new energy to achieve strategic breakthroughs[95]. - The company is committed to integrating AI into its leasing business to enhance management and digital transformation capabilities[95]. Market Conditions and Challenges - The fair value loss on investment properties increased by approximately HKD 7.63 million, impacted by the overall downturn in China's real estate market[4]. - The company expressed confidence in its future development amidst challenges in the Chinese economy, including real estate market adjustments[94]. - The group is focusing on risk management and cautious new leasing arrangements due to the uncertain global economic environment[51].

Financial Performance - The company reported a significant increase in revenue, with total revenue reaching HKD 1.2 billion, representing a 15% growth compared to the previous period[6]. - The net profit for the period was HKD 300 million, reflecting a 20% increase year-over-year[6]. - Revenue for the six months ended June 30, 2024, was HK$323,471,000, a decrease of 13.3% compared to HK$372,817,000 in 2023[11]. - Gross profit for the same period was HK$118,953,000, down 13.9% from HK$138,111,000 in 2023[11]. - Profit for the period attributable to owners of the Company was HK$26,694,000, a decline of 30.9% from HK$38,741,000 in 2023[11]. - Basic and diluted earnings per share decreased to HK$0.45 cent from HK$0.65 cent in 2023[11]. - The total comprehensive income for the six months ended June 30, 2024, was a loss of HK$61,952,000, which includes an exchange difference of HK$80,959,000 and a net change in fair value of equity investments at HK$7,848,000[21]. - The profit for the period was HK$26,694,000, while the final dividend approved was HK$20,280,000[21]. - The total comprehensive income for the six months ended June 30, 2023, was a loss of HK$130,757,000, highlighting a challenging financial environment[19]. Revenue Breakdown - Total revenue for the six months ended June 30, 2024, was HK$323,471,000, an increase from HK$372,817,000 for the same period in 2023[39]. - Revenue from contracts with customers for the six months ended June 30, 2024, was HK$76,600,000, compared to HK$95,517,000 for the same period in 2023, representing a decrease of approximately 19.8%[39]. - Rental income from investment properties for the six months ended June 30, 2024, was HK$1,362,000, while rental income under operating lease from owned machineries was HK$54,942,000[39]. - Interest income from loan receivables for the six months ended June 30, 2024, was HK$189,789,000, a slight decrease from HK$205,047,000 in the same period in 2023[39]. - The marine recreation and hotel segment generated revenue of HK$18,227,000 for the six months ended June 30, 2024, compared to HK$19,030,000 in the same period in 2023[39]. - The property development and investment segment reported revenue from property sales of HK$58,373,000 for the six months ended June 30, 2024[39]. Cash Flow and Liquidity - Net cash generated from operating activities for the six months ended June 30, 2024, was HK$1,743,217, compared to a net cash used of HK$1,039,685 in the same period of 2023, representing a significant turnaround[25]. - Cash and cash equivalents at the end of the period increased to HK$944,083 from HK$771,980 at the end of the previous period, showing a positive liquidity position[25]. - The total cash and cash equivalents at the beginning of the period were HK$698,579, indicating a strong starting liquidity position[25]. - The net cash used in investing activities was HK$6,008, a decrease from HK$63,577 in the previous year, indicating improved cash flow management[25]. - The net cash used in financing activities was HK$1,476,353, compared to a net cash generated of HK$1,283,757 in the same period last year, highlighting a shift in financing strategy[25]. Assets and Liabilities - Net current assets increased to HK$1,198,887,000 from HK$854,128,000 at the end of 2023, reflecting improved liquidity[16]. - Total assets less current liabilities decreased to HK$5,456,691,000 from HK$6,465,535,000 at the end of 2023[16]. - Non-current liabilities, including bank borrowings, were HK$2,678,820,000, down from HK$3,605,432,000 at the end of 2023[16]. - Total liabilities decreased to HK$6,075,376,000 as of June 30, 2024, from HK$7,710,093,000 at the end of 2023, representing a reduction of about 21.2%[55]. Strategic Initiatives - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[6]. - New product launches are expected to contribute an additional HKD 200 million in revenue for the next fiscal year[6]. - The company is investing HKD 50 million in research and development for new technologies aimed at improving operational efficiency[6]. - A strategic acquisition of a local competitor is anticipated to enhance the company's market position and is expected to close by Q4 2024[6]. - The company is focusing on sustainability initiatives, aiming to reduce carbon emissions by 30% by 2026[6]. Segment Performance - The core leasing business generated segment revenue of HK$245.51 million, down 17% from HK$297.37 million in the same period last year[171]. - The segment results of the leasing business for 1H2024 declined by approximately HK$15.96 million or 18%, amounting to approximately HK$73.88 million[180]. - The overall gross profit margin of the leasing segment decreased from 38.99% in 1H2023 to 37.35% in 1H2024[179]. - Property sales increased by 41% in 1H2024, driven by enhanced marketing efforts, with total sales reaching HK$58,373,000 compared to HK$41,367,000 in 1H2023[191][192]. Related Party Transactions - Interest income from related party transactions for the six months ended June 30, 2024, includes HK$1,116,000 from China Huandao Group Limited[120]. - Interest expenses related to transactions with the immediate holding company amounted to HK$3,522,000 for the six months ended June 30, 2024[122]. - The Group's total interest income from related parties decreased from HK$1,514,000 in 2023 to HK$1,116,000 in 2024[127]. Risk Management - The Group has adopted stringent risk management policies to monitor leasing receivables throughout their business cycle[188]. - The Group's non-performing exposures are comparatively low due to its focus on SOEs as customers[188]. - The Group's leasing customer portfolio includes sectors such as new infrastructure, logistics, warehousing, energy saving, and environmental protection, primarily consisting of state-owned enterprises (SOEs)[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。 CHINA CHENGTONG DEVELOPMENT GROUP LIMITED 中國誠通發展集團有限公司 （股份代號：217） （於香港註冊成立之有限公司） 截 至 二 零 二 四 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 | --- | --- | |-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - Chengtong Financial Leasing achieved segment assets of HK$9.67 billion and turnover of HK$604 million in 2023, reflecting a strong growth trajectory[21]. - The Group recorded consolidated revenue of approximately HK$740 million in 2023, a decrease of 42% compared to the previous year, primarily due to the suspension of bulk commodity trade business[41]. - Revenue from the leasing business segment increased by approximately HK$189 million to approximately HK$604 million, representing a growth of 46% year-on-year[41]. - Profit before tax was approximately HK$122 million, a slight decrease of approximately HK$0.73 million compared to last year, impacted by increased expected credit loss provisions[41]. - The Group achieved a consolidated gross profit of around HK$296.74 million, marking an 18% increase from approximately HK$252.35 million in FY2022[73]. - The Group recorded a consolidated profit before income tax of approximately HK$121.50 million, reflecting a slight decrease of 1% from the previous year's figure of around HK$122.23 million[73]. - The Group's classified assets reached approximately HK$9.69 billion, representing a year-on-year growth of about 6%[1]. - The Group's total assets increased to approximately HK$10.57 billion, representing a rise of 6% from HK$10.01 billion as of December 31, 2022[172][175]. Capital and Financing - The company issued a total of 5 asset-backed securities (ABS) with a total size of HK$8 billion (RMB6.97 billion) in 2023, enhancing its refinancing capabilities[21]. - The Group has received a total credit line exceeding RMB 13 billion from major banks, ensuring sufficient funding for business operations[1]. - The total outstanding balance of asset-backed securities (ABS) increased to approximately HK$3,006.22 million from HK$2,702.27 million[178][181]. - Bank borrowings rose by 18% to approximately HK$3,747.90 million, with 87% denominated in RMB[177][180]. - The Group's bank borrowings totaled approximately HK$3,747.90 million, with RMB-denominated borrowings of approximately HK$3,247.90 million, of which HK$958.63 million was at fixed rates and HK$2,289.28 million at floating rates[189][194]. Profitability and Margins - The gross profit margin for 2023 was reported at 30%, indicating effective cost management strategies[30]. - The pre-tax profit margin for 2023 was recorded at 25%, showcasing the company's profitability[31]. - The gross profit margin for the leasing segment decreased to 40% in FY2023 from 52% in FY2022[81]. - The total gross profit for FY2023 was approximately HK$296.74 million, an increase of about HK$44.39 million or 18% from HK$252.35 million in FY2022[74]. - The expected credit loss provision rate increased to 0.72% in FY2023 from 0.20% in FY2022[117]. Business Segments and Operations - A total of 42 new projects were signed in the leasing business with a lease principal of approximately HK$4.4 billion, achieving a segment result of approximately HK$155 million[48]. - The Group's marine recreation services and hotel business segment improved, with losses reduced to approximately HK$3.73 million from approximately HK$25.36 million in the previous year[41]. - The CCT-Champs-Elysees project in property development and investment has completed all construction and settlement works, exceeding sales targets despite a downtrend in the real estate market[49]. - The marine recreation services segment revenue surged to approximately HK$27.18 million, a 192% increase from HK$9.30 million in FY2022[135]. - The hotel operation segment revenue increased by 84% to approximately HK$7.45 million from HK$4.05 million in FY2022[135]. Strategic Initiatives and Future Outlook - The company plans to explore innovative product portfolios and service models to enhance market competitiveness[10]. - The Group plans to strengthen and expand its core leasing business while enhancing risk prevention and value creation capabilities in 2024[54][56]. - The Group aims to strengthen self-financing capabilities while expanding its leasing business under strict risk control[163]. - The outlook for 2024 indicates continued support from PRC macroeconomic policies and ongoing industrial upgrades, with a focus on high-quality development[160]. Risk Management and Financial Stability - The debt to asset ratio improved to 40% in 2023, reflecting better financial stability[28]. - The current ratio improved to 1.21 times as of December 31, 2023, compared to 1.03 times in the previous year, indicating enhanced liquidity[174][176]. - The interest coverage ratio for FY2023 was 5 times, suggesting the Group has a safe margin to meet its interest payment obligations despite rising interest rates in Hong Kong[187][190]. - The Group will continue to monitor interest rate risks and apply appropriate hedging strategies to mitigate risks from floating interest rate debt instruments[197][199]. Shareholder Returns - The final dividend recommended for FY2023 is HK$0.34 per ordinary share, subject to shareholder approval[77].

Financial Performance - For the year ended December 31, 2023, the group's total revenue decreased by 42%, while leasing business revenue increased by 46% to approximately HKD 640 million, accounting for 82% of total revenue[3]. - The overall gross profit margin for the year was 40%, representing a 20% year-on-year increase, primarily due to the suspension of lower-margin commodity trading operations[3]. - The group's profit before tax for the year was approximately HKD 121.5 million, which is comparable to the previous year's figure of HKD 122.2 million, reflecting a slight decrease of 1%[21]. - The group recorded a comprehensive profit of HKD 68.4 million for the year, down from HKD 77.3 million in the previous year[7]. - Total revenue for the year ended December 31, 2023, was HKD 740,011,000, with significant contributions from leasing (HKD 604,020,000) and investment (HKD 86,819,000) segments[29]. - The company reported a profit before tax of HKD 122,231,000, despite a loss of HKD 6,238,000 from the fair value of investment properties[33]. - The company reported a fair value loss on investment properties of HKD 4,541,000 for the year[58]. - The company reported a government subsidy of HKD 442,000 in 2023, down from HKD 797,000 in 2022, indicating a reduction in support for tourism-related activities[82]. - The final dividend for the year 2023 is proposed at HKD 0.34 per share, down from HKD 0.39 in 2022[106]. Asset and Liability Management - As of December 31, 2023, the group's total assets amounted to approximately HKD 10.6 billion, an increase of 6% compared to the previous year[3]. - The company reported a net asset value of HKD 2,860,103,000, slightly down from HKD 2,935,250,000 in the previous year[47]. - Current liabilities included bank borrowings of HKD 2,018,666,000, reflecting an increase from HKD 1,969,931,000 in the previous year[36]. - The total liabilities decreased from HKD 643.36 million in 2022 to HKD 572.57 million in 2023, with current liabilities dropping significantly[124]. - The total liabilities increased by 9% from approximately HKD 7.07 billion in 2022 to approximately HKD 7.71 billion in 2023, with more external financing obtained to support leasing business growth[166]. - Bank borrowings as of December 31, 2023, were approximately HKD 3.74 billion, an 18% increase from HKD 3.17 billion in 2022, with 87% of the borrowings denominated in RMB[167]. - The debt-to-equity ratio was 2.42 times, and the debt-to-asset ratio was 0.66 times as of December 31, 2023, indicating a stable financial condition with strong revenue-generating capacity[169]. Leasing Business Growth - The leasing services include financing leases, sale and leaseback, and operating lease services[10]. - The leasing business saw significant growth, with financing and operating lease revenues increasing by 46% year-on-year, accounting for 82% of total revenue in 2023, up from 32% in 2022[132]. - The leasing revenue for 2023 increased by 46% to HKD 604,020,000 compared to HKD 414,578,000 in 2022[104]. - The company’s operating revenue from leasing arrangements was HKD 414,578,000, with significant contributions from interest income on receivables amounting to HKD 316,756,000[56]. - The net amount of leasing receivables reached approximately HKD 8,876,776,000, an 8% increase from the previous year[110]. - Interest income from leasing activities rose by 36% to HKD 446,461,000, up from HKD 327,793,000 in 2022[112]. - The average leasing receivables balance increased by 37% to HKD 9,011,237,000 compared to HKD 6,588,790,000 in 2022[112]. - The company added 42 new leasing projects with a total principal of approximately HKD 4,390,000,000 during the year[109]. - Operating lease rental income tripled in 2023, reflecting the company's ability to capture market demand[114]. Commodity Trading Suspension - The group has suspended its commodity trading business to focus more on its core leasing operations[24]. - The company suspended its commodity trading business to focus on core operations, aiming to enhance profitability and stability[77]. - The group suspended its commodity trading business in early 2023 and focused on three main segments: leasing, property development and investment, and offshore tourism services and hotels[135]. - The group decided to suspend its commodity trading business due to significant market volatility and price risks, reallocating resources to develop leasing operations[156]. - The group suspended its commodity trading business at the beginning of 2023, resulting in a revenue decrease of approximately HKD 748.1 million[186]. Risk Management and Compliance - The company aims to focus on leasing business as its main development direction while cautiously investing in other financial assets to maximize shareholder value[170]. - The company has undergone revisions in accounting standards, ensuring compliance with the latest Hong Kong Financial Reporting Standards[53]. - The expected credit loss provision rate increased from 0.20% in 2022 to 0.72% in 2023, reflecting adjustments made for customers affected by the COVID-19 pandemic[122]. - The company identified several customers with overdue payments, leading to a total impairment provision of approximately HKD 62.08 million[122]. - The group aims to enhance its operational capabilities while expanding its leasing business, focusing on risk control and compliance[194]. Operational Efficiency - Employee costs, including directors' remuneration, decreased from HKD 81,691,000 in 2022 to HKD 71,493,000 in 2023[62]. - Administrative expenses decreased by approximately HKD 14.81 million or 13% to about HKD 101.2 million in 2023, primarily due to business streamlining[191]. - The company plans to actively sell remaining properties in the Cheng Tong Xiang Xie Li project and explore further asset restructuring opportunities[164]. Market and Segment Performance - The offshore tourism services and hotel segment benefited from a 50% increase in tourist numbers in Hainan Province, reaching over 90 million in 2023[153]. - Revenue from marine tourism services increased by 192% to HKD 27.18 million in 2023, while hotel business revenue rose by 84% to HKD 7.45 million[183]. - The overall segment performance recorded approximately HKD 26,740,000, an increase of 11% compared to the previous year[151]. - The overall gross profit margin for the property development segment improved due to cost adjustments after project completion[181].

Financial Performance - Profit for the period increased to HK$38,905,000 for the six months ended June 30, 2023, compared to HK$21,758,000 in the same period of 2022, representing an increase of 78.8%[25] - Total comprehensive expense for the period was HK$130,757,000, compared to HK$117,828,000 in the previous year, indicating an increase of 10.5%[25] - The total comprehensive (expense)/income attributable to owners of the Company was HK$130,921,000, compared to HK$118,504,000 in 2022, reflecting a decrease in comprehensive income[25] - For the six months ended June 30, 2023, the profit attributable to owners of the Company was HK$38,741,000, representing an increase of 83.9% compared to HK$21,082,000 for the same period in 2022[97] - Total revenue for the six months ended June 30, 2023, was HK$372,817,000, an increase from the previous period[33] Revenue Sources - Revenue from leasing arrangements amounted to HK$21,479,000, while rental income from investment properties was HK$66,352,000[33] - Interest income from loans receivable reached HK$205,047,000, contributing significantly to total revenue[33] - Interest income from deposits and other financial assets for the six months ended June 30, 2023, was HK$7,001,000, up from HK$6,459,000 in 2022, marking an increase of 8.4%[75] - Segment revenue from leasing services increased, contributing significantly to the overall revenue growth, although specific figures were not disclosed in the provided content[82] - Rental income under operating leases for owned machinery and equipment increased significantly to HK$66,352,000 in 2023 from HK$15,482,000 in 2022, reflecting a growth of approximately 328.5%[182] Assets and Liabilities - Net current assets as of June 30, 2023, were HK$133,331,000, an increase from HK$116,286,000 at the end of 2022[52] - Total assets less current liabilities increased to HK$6,463,377,000 from HK$5,905,537,000[52] - The Group's total liabilities rose to HK$8,081,645,000 as of June 30, 2023, compared to HK$7,074,485,000 at the end of 2022, indicating an increase of 14.2%[88] - Current liabilities as of June 30, 2023, were HK$1,521,710,000, an increase from HK$1,472,916,000 as of December 31, 2022[169] - Non-current liabilities rose to HK$1,601,737,000 as of June 30, 2023, compared to HK$1,229,353,000 as of December 31, 2022[169] Cost Management - The management discussion and analysis section indicates a focus on operational efficiency and cost management to improve profitability in the upcoming periods[25] - Total staff costs decreased to HK$39,824,000 in 2023 from HK$47,674,000 in 2022, representing a reduction of approximately 16.5%[116] - Cost of inventories sold significantly decreased to HK$48,683,000 in 2023 from HK$266,152,000 in 2022, indicating a reduction of about 81.7%[116] Strategic Initiatives - The company is committed to enhancing its market presence and exploring new strategies for growth, although specific details on new products or technologies were not disclosed in the interim report[25] - The company plans to continue its efforts in market expansion, particularly in sectors aligned with its core competencies, although specific markets were not identified in the report[25] - The interim report highlights the importance of maintaining strong relationships with financial institutions to support future growth initiatives[19] - The Group is actively monitoring market trends and adjusting its strategies accordingly to navigate potential economic challenges[25] Financial Instruments and Valuation - The Group's financial instruments are valued using observable market data where available, with Level 1 measurements based on quoted prices in active markets[191] - For Level 2 measurements, inputs are derived from observable data, while Level 3 measurements rely on unobservable inputs[191] - The Group's financial liabilities and assets are categorized into a fair value hierarchy based on the observability of inputs used in the valuation[191] - The Group's management collaborates with qualified external valuers to establish appropriate valuation techniques[191] Related Party Transactions - The Group has significant receivables from related parties, including HK$16,485,000 from Ningxia MCC Meili Cloud New Energy Co., Ltd. and HK$32,550,000 from China Railway Leasing Co., Ltd.[200] - The Group operates within an economic environment influenced by the PRC government, considering itself ultimately controlled by the government[200] - Transactions with other government-related entities include leasing arrangements and bulk commodity trade[200] Dividends and Shareholder Returns - The final dividend declared for the year ended December 31, 2022, was HK$23,262,000, a decrease from HK$32,209,000 for the previous year, reflecting a reduction of 27.8%[94] - No dividend will be declared for the current interim period, indicating a strategic decision by the Board[80] - The company declared a final dividend of HK$0.39 per share for the year ended December 31, 2022, down from HK$0.54 per share in 2021, totaling approximately HK$23,262,000[119]

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，概不對因本公告全部或 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。 CHINA CHENGTONG DEVELOPMENT GROUP LIMITED 中國誠通發展集團有限公司 (於香港註冊成立之有限公司) (股份代號: 217) 有關截至二零二三年六月三十日止六個月之中期業績補充公告 茲提述本公司日期為二零二三年八月二十六日內容有關截至二零二三年六月 三十日止六個月之中期業績的公告 （「該公告」）。除另有界定者外，本公 告所用詞彙與該公告所界定者具有相同涵義。 董事會謹此就本集團截至二零二三年六月三十日止六個月之未經審核綜合財 務報表（「中期財務資料」）提供額外資料如下： 中期財務資料所載截至二零二二年十二月三十一日止年度的財務資料（作為 比較資料）並不構成本公司該年度的法定年度綜合財務報表，惟乃摘錄自該 等財務報表。根據香港法例第622章香港公司條例（「公司條例」）第436條 規定須披露有關該等法定財務報表之進一步資料如下： ...

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。 CHINA CHENGTONG DEVELOPMENT GROUP LIMITED 中國誠通發展集團有限公司 （於香港註冊成立之有限公司） （股份代號：217） 截至二零二三年六月三十日止六個月 之中期業績 財務摘要 • 於回顧期內，營業額減少22%至約港幣3億7,282萬元，乃由於回顧期內本集 團專注於租賃業務發展但由二零二三年初起暫停大宗商品貿易活動。 • 於回顧期內，毛利增加約港幣3,124萬元或29%，乃由於租賃業務的規模持續 擴展及海上旅遊服務和酒店業務逐步復甦。 • 銷售及行政費用合共減少約港幣710萬元，主要歸屬於實施有效的成本控制 措施。 • 於回顧期內，綜合除稅前及稅後溢利增加，分別為約港幣6,961萬元及約港 ...

Financial Performance - In FY2022, the Group's rental income increased to approximately HK$0.37 million from HK$0.28 million in FY2021, and income from leasing certain office premises rose to approximately HK$2.42 million from HK$1.26 million[4]. - The marine recreation services and hotel segment revenue decreased by approximately 37% compared to the previous year due to ongoing COVID-19 restrictions, leading to total segmental selling expenses dropping to approximately HK$8.84 million from HK$13.50 million[7]. - Other income and gains included interest income of approximately HK$16.70 million, up from approximately HK$15.43 million in FY2021, and value-added tax credits of approximately HK$3.02 million were obtained[8]. - The Group's administrative expenses increased by 12% to approximately HK$120.62 million from HK$107.62 million in FY2021[10]. - Selling expenses decreased by approximately 21% to about HK$12.53 million from HK$15.94 million in FY2021, despite an increase in agency commission costs[11]. - The Group anticipates new development opportunities in 2023 as the domestic economy begins to recover[15]. Assets and Liabilities - Total assets as of December 31, 2022, were approximately HK$10.01 billion, a 23% increase from HK$8.17 billion in the previous year, with current assets making up about 42% of total assets[20]. - The Group's total liabilities increased by 41% to approximately HK$7.07 billion from HK$5.03 billion, while total net assets decreased by 7% to approximately HK$2.94 billion[20]. - As of December 31, 2022, the current ratio decreased to approximately 0.97 times from 1.17 times in 2021, primarily due to bank borrowings classified as current liabilities[21]. - The Group's cash and deposits amounted to approximately HK$534.56 million as of December 31, 2022, a decrease from approximately HK$1,384.67 million in 2021, accounting for about 5% of total assets[21]. - Bank borrowings increased by approximately 120% to HK$3,167.01 million as of December 31, 2022, compared to HK$1,441.78 million in 2021[21]. - The total debts to total equity ratio increased to 2.12 in 2022 from 1.41 in 2021, indicating higher leverage[22]. - The total debts to total assets ratio rose to 0.62 in 2022 from 0.54 in 2021, reflecting an increase in overall debt levels[22]. Financial Strategy and Risks - The financial leasing industry is expected to maintain healthy development during the "14th Five-Year Plan" period, driven by domestic industry upgrades and macroeconomic recovery[14]. - The Group plans to focus resources on rapidly expanding its principal business of financial leasing to create greater value for shareholders[17]. - The Group's foreign exchange reserve decreased by approximately HK$240 million during the year, impacting net assets as of December 31, 2022[28]. - The Group's leasing receivables were primarily accounted for using floating interest rates, effectively hedging against interest rate risks from bank borrowings in the PRC[50]. - The Group will continue to monitor interest rate fluctuations and implement appropriate hedging strategies[54]. Corporate Governance - The Company adheres to the corporate governance code as per the Listing Rules, ensuring operational transparency and accountability[83]. - The Group emphasizes the importance of good corporate governance for sustainable development and continuously strives to uphold high standards[80]. - The Board comprises a balance of skills and experiences necessary for effective leadership, reflecting independence in decision-making[87]. - The Company has complied with all code provisions of the Corporate Governance Code for the year, ensuring adherence to applicable laws and regulations[107]. - The Company has adopted a Board Diversity Policy, considering various factors such as gender, age, and professional experience in director appointments[121]. Board Structure and Meetings - The Board consists of six Directors, all male, and aims to introduce at least one female Director by December 31, 2024, to enhance gender diversity[1]. - The Company held a total of thirteen Board meetings during the year, including four regular meetings[1]. - The Remuneration Committee held two meetings during the year to review the remuneration policy and structure for Directors and senior management[1]. - The Nomination Committee comprises two independent non-executive Directors and one executive Director, focusing on the nomination process for Board candidates[1]. - The Board has established five committees, including the newly formed ESG Committee, to oversee various aspects of corporate governance[189]. Workforce and Diversity - As of the report date, the workforce gender ratio is approximately 58% male and 42% female, indicating a balanced gender representation[1]. - The Company emphasizes the importance of gender diversity in its workforce and will periodically review this aspect in line with business development[1]. - The Board believes that gender diversity will enhance decision-making processes and foster business development[1].