智通财经APP讯，大中华金融(00431)公布，于2025年4月25日，该公司全资附属Elite Sonic Limited拟向 葛丽君女士收购FortuneYi Investment Limited全部已发行股份，总代价为1港元。 据悉，目标公司间接拥有中国公司(宁波泽盈香料有限公司)，中国公司的主要业务为在中国生产及销售 香精香料、烟草香精及辅料。根据其营业执照，中国公司已注册进行日用化学产品制造及销售，允许中 国公司从事烟草香精研发、生产及销售。中国公司于宁波拥有占地约1,000平方米的工厂，该工厂配备 生产线及设施，其估计香精香料最高年产能为2,500吨。中国公司拥有全新设施及先进技术，能够根据 客户的产品规格，使用食品提取物、添加剂及化合物等成份生产独特的烟草香精香料，因此已作好扩大 生产及销售的准备。 中国公司于 2024年中开展营运，并已获颁ISO9001质量管理体系认证、ISO14001环境管理体系认证及 ISO45001职业健康及安全管理体系认证。鉴于中国公司拥有该等认证及技术技能，中国公司合资格参 与中国香烟制造商的招标程序。 自成立以来，中国公司已成为烟草制造商的合资格供应商，并致力于成 ...

Financial Performance - The Group's warehouse operation revenue decreased by approximately HK$2,092,000 to approximately HK$6,476,000 for the six months ended June 30, 2024, compared to approximately HK$8,568,000 for the same period in 2023[10]. - The segment loss for the warehouse operation was approximately HK$2,381,000 for the Period, compared to a segment profit of approximately HK$525,000 in the same period of 2023[10]. - The Group's general trading segment reported a loss of approximately HK$412,000 for the Period, an improvement from a loss of approximately HK$1,312,000 in the same period of 2023[15]. - The overall segment loss for the Group was approximately HK$50,114,000 for the Period, compared to a loss of approximately HK$63,953,000 in the same period of 2023[11]. - The Group recorded a loss of approximately HK$412,000 in the white liquor trading segment, an improvement from a loss of approximately HK$1,312,000 in the previous year[17]. - For the six months ended June 30, 2024, the loss attributable to owners of the Company was HK$60,823,000, compared to a loss of HK$88,833,000 for the same period in 2023, representing a 31.6% improvement[83]. - The total comprehensive expense for the period was HK$46,239,000, significantly lower than the HK$87,742,000 reported in the previous year[82]. - The total loss for the period was HK$60,823,000, compared to a loss of HK$88,833,000 for the same period in 2023, reflecting an improvement in financial performance[107][109]. Revenue and Expenses - The unaudited interim revenue for the six months ended June 30, 2024, was HK$8,799,000, a decrease of 72.7% from HK$32,271,000 in the same period of 2023[82]. - Gross profit for the period was HK$8,623,000, down from HK$24,799,000 in the previous year, reflecting a decline of 65.3%[82]. - Administrative and other operating expenses decreased by approximately 31.6% to about HK$24,130,000, down HK$11,160,000 compared to the same period in 2023[25]. - Finance costs increased by approximately 8.4% to about HK$19,577,000, up HK$1,523,000 from HK$18,054,000 in the previous year, primarily due to higher effective interest expenses on convertible bonds[28]. - The Group's cash and cash equivalents increased to approximately HK$38,179,000 as of June 30, 2024, compared to HK$31,985,000 at the end of 2023[28]. Operational Highlights - The average occupancy rate of the Group's warehouse during the Period was 100%, primarily used for storage of electric and non-electric power tools and spare parts[10]. - The Group's management expects the warehouse occupancy rate to maintain at a full 100% capacity throughout 2024[13]. - The total area of the Group's warehouse is approximately 48,600 square meters, divided into six units[10]. - The loan financing business in Beijing has completely ceased operations, and related subsidiaries will be disposed of to an independent third party in 2024[20]. Shareholder Information - As of June 30, 2024, Mr. Liu holds 1,552,750,000 shares, representing approximately 19.97% of the issued shares[57]. - Mr. Chen holds 800,000,000 shares and 200,000,000 underlying shares from convertible notes, totaling 1,000,000,000 shares, which is approximately 12.86% of the issued shares[58]. - The interests of Mr. Liu include shares held by Eastern Spring Global Limited, of which he is the beneficial owner[59]. - The interests of Mr. Chen include shares from Skill Rich Limited, of which he is also the beneficial owner[58]. - As of June 30, 2024, no other Directors or chief executives had interests or short positions in the shares or debentures of the Company[61]. Debt and Liabilities - The Group's total borrowings amounted to approximately HK$289,476,000 as of June 30, 2024, with HK$208,036,000 repayable within one year[28]. - The Group's current ratio as of June 30, 2024, was 0.14, down from 0.21 at the end of 2023, indicating a decline in liquidity[28]. - The Group's net current liabilities were approximately HK$667,662,000 as of June 30, 2024, compared to approximately HK$550,952,000 as of December 31, 2023[31]. - The Group's shareholder's deficit attributable to owners amounted to approximately HK$651,526,000 as of June 30, 2024, compared to approximately HK$634,624,000 at the end of 2023[28]. Future Outlook - The Group anticipates that market conditions for the liquor trading business will improve in the second half of 2024 due to government policies aimed at boosting domestic consumption[14]. - The Board decided not to review the Decision and will focus on enhancing business operations to comply with Rule 13.24 and resume trading as soon as practicable[50]. Share Options and Convertible Notes - The company issued convertible notes amounting to HK$200 million on July 31, 2020, with an initial conversion price of HK$1 per share[68]. - No convertible notes had been converted as of June 30, 2024, and no new shares were allotted or issued pursuant to the convertible notes[72]. - The company has a total of 200 million new shares that can be allotted upon full conversion of the convertible notes, representing approximately 2.57% of the issued share capital[68]. - The 2021 Share Option Scheme was approved on June 10, 2021, to motivate eligible participants and retain business relationships for long-term growth[74]. - A total of 293,000,000 share options were granted under the 2011 Share Option Scheme, with an exercise price of HK$0.200, valid until December 29, 2025[76]. Compliance and Governance - The Company has failed to maintain a sufficient level of operations and assets to support its continued listing as required under Rule 13.24 of the Listing Rules[49]. - The Audit Committee reviewed the interim financial statements and confirmed compliance with applicable accounting standards[78]. - The company expressed gratitude to its staff, shareholders, customers, and business partners for their support[80].

Financial Performance - For the six months ended June 30, 2024, the company reported total revenue of HKD 8,799,000, a significant decrease of 72.7% compared to HKD 32,271,000 for the same period in 2023[2] - The gross profit for the period was HKD 8,623,000, down from HKD 24,799,000 in the previous year, reflecting a decline of 65.3%[2] - The company incurred a loss before tax of HKD 60,823,000, an improvement from a loss of HKD 84,049,000 in the same period last year, indicating a reduction of 27.7%[2] - The total comprehensive loss for the period was HKD 46,239,000, compared to HKD 87,742,000 in the previous year, showing a decrease of 47.4%[3] - The company reported a basic and diluted loss per share of HKD 0.40, an improvement from HKD 1.00 in the previous year[3] - The net loss attributable to the company's owners for the six months ended June 30, 2024, was HKD 31,203,000, compared to a loss of HKD 77,743,000 for the same period in 2023[24] Cash and Liabilities - The company's cash and cash equivalents increased to HKD 38,179,000 from HKD 31,985,000, representing a growth of 19.0%[4] - Current liabilities rose to HKD 777,618,000 from HKD 699,017,000, marking an increase of 11.3%[5] - As of June 30, 2024, the group's current liabilities exceeded its current assets by HKD 667,662,000, and total liabilities exceeded total assets by HKD 698,006,000[7] - The total liabilities as of June 30, 2024, amounted to HKD 1,073,441,000, with segment liabilities in loan financing reaching HKD 716,887,000[14] - The total borrowings amounted to approximately HKD 289,476,000, with HKD 208,036,000 due within one year[50] Receivables and Impairments - The total receivables (net of impairment provisions) amounted to HKD 57,049,000, a decrease from HKD 64,582,000 as of December 31, 2023, representing a decline of approximately 11.8%[28] - The impairment provision for receivables increased to HKD 541,535,000 as of June 30, 2024, compared to HKD 518,816,000 at the end of 2023, reflecting a rise of about 4.4%[26] - The company recognized an impairment provision of HKD 14,005,000 for other receivables as of June 30, 2024, compared to HKD 29,728,000 at the end of 2023, showing a significant reduction of about 52.9%[31] - Impairment losses recognized for receivables and other receivables amounted to HKD 30,432,000 for the six months ended June 30, 2024, down from HKD 81,063,000 in 2023[19] Operational Measures - The group is implementing measures to strengthen cost control to achieve positive cash flow from operating activities[7] - The group is actively negotiating with several financial institutions to renew and extend bank loans and credit financing[7] - The group is taking proactive steps to follow up on overdue receivables, including potential legal actions[7] - The group is considering corporate restructuring plans to reduce internal debts and liabilities[7] Segment Performance - Total segment revenue for the six months ended June 30, 2024, was HKD 8,799,000, with a total segment loss of HKD 50,114,000[11] - The industrial property development segment reported a revenue of HKD 6,476,000 and a loss of HKD 2,381,000[11] - The loan financing segment reported revenue of HKD 160,000, a significant decline from HKD 21,024,000 in the prior year, with a loss of HKD 45,124,000[41] Financial Costs and Expenses - Administrative and other operating expenses were approximately HKD 24,130,000, a reduction of about 31.6% or HKD 11,160,000 compared to the previous period[48] - Financial costs increased by approximately 8.4% or HKD 1,523,000 to about HKD 19,577,000, primarily due to higher interest expenses from convertible bonds and other loans[49] Corporate Governance and Compliance - The audit committee has reviewed the unaudited interim financial results for the period, which comply with applicable accounting standards[64] - The board does not recommend the payment of an interim dividend for this period, consistent with the previous period where no dividend was paid[61] - The company received a letter from the Hong Kong Stock Exchange on August 21, 2024, indicating that it failed to maintain sufficient business operations and valuable assets to support its listing, with trading of shares to be suspended on September 2, 2024[60] Employee and Operational Changes - As of June 30, 2024, the company has 55 employees, a decrease from 82 employees as of December 31, 2023[59] - There were no major investments, acquisitions, or disposals during the period[57] - The company has not made any purchases, sales, or redemptions of its listed securities during this period[61]

Financial Performance - For FY2023, the Group recorded a significant impairment loss in its loan financing operations amounting to approximately HK$406,222,000, compared to HK$239,236,000 in FY2022[22]. - The general trading segment faced operational difficulties, resulting in no sales revenue during FY2023 and a loss of approximately HK$1,904,000, down from a loss of approximately HK$22,260,000 in FY2022[17]. - Revenue from the others segment, which includes asset management and insurance brokerage services, was approximately HK$4,891,000 for FY2023, a decrease from approximately HK$9,778,000 in FY2022, leading to a segment loss of approximately HK$2,083,000[21]. - For FY2023, the Group's total revenue decreased significantly to approximately HK$49,410,000 from HK$201,951,000 in FY2022, representing a decline of about 75.6%[37]. - The loan financing segment revenue dropped to approximately HK$27,939,000 in FY2023, down 84% from HK$174,865,000 in FY2022, resulting in a segment loss of approximately HK$411,003,000[41]. - The industrial property development segment reported a revenue of HK$16,580,000 for FY2023, a decrease of 4.2% from HK$17,308,000 in FY2022, leading to a segment loss of approximately HK$3,758,000[38]. Operational Challenges - The Company has decided to suspend the extension of new loans and financial referral services to new borrowers due to increased credit risks and a surge in repayment defaults[10]. - The operating environment remains challenging, with the loan financing sector in the PRC struggling to regain stability post-COVID[10]. - The management anticipates that the difficult economic conditions may persist, impacting the Group's overall financial performance[13]. - The overall economic environment in China remains challenging, with increased employment pressures and heightened credit risks affecting the Group's loan financing operations[41]. - The Group's management anticipates that the challenges faced in the loan financing segment will continue to impact revenue generation in the near term[41]. Strategic Initiatives - The management is actively exploring strategies to increase income from industrial property development, including offering value-added services to existing customers[17]. - The Group disposed of its securities brokerage business in December 2023 as part of efforts to simplify its structure and divest loss-making operations[21]. - The Group is considering the potential disposal of its financial guarantee business in Beijing, which currently operates at a net liabilities position, to improve its financial situation[41]. - The Group is actively seeking potential investors to inject capital and support its operations, aiming to enhance financial stability and competitive position in the market[42]. Financial Position - As of December 31, 2023, the shareholder's deficit attributable to owners of the Company was approximately HK$634,624,000, compared to HK$166,349,000 in the previous year[49]. - The Group's net current liabilities amounted to approximately HK$550,952,000 as of December 31, 2023, up from HK$86,815,000 in FY2022[49]. - The current ratio as of December 31, 2023, was 0.21, a decrease from 0.86 in the previous year, indicating a decline in liquidity[49]. - Cash and cash equivalents as of December 31, 2023, were approximately HK$31,985,000, an increase from HK$26,280,000 in FY2022[49]. - The Group's total borrowings amounted to approximately HK$287,702,000, an increase from approximately HK$279,085,000 as of December 31, 2022[64]. Impairment and Losses - The impairment loss for FY2023 was approximately HK$406,222,000, an increase from HK$239,236,000 in FY2022, primarily due to loans and other receivables[58]. - Trade and other receivables impairment loss was HK$52,188,000, down from HK$99,771,000 in the previous year, while loans and interest receivables impairment loss surged to HK$302,743,000 from HK$1,449,000[58]. - The segment loss for loan financing operations was primarily due to impairment losses on loans and interest receivables recognized during FY2023[41]. Shareholder and Stakeholder Relations - The Group's management expressed gratitude to shareholders, business partners, and employees for their continued support during these challenging times[36].

Financial Performance - The company reported a loss attributable to shareholders of HKD 472,487,000 for the year ended December 31, 2023[52]. - The total comprehensive loss for FY2023 was approximately HKD 616,859,000, compared to a loss of about HKD 404,441,000 in FY2022[89]. - The group reported a total loss of HKD 615,225,000 for the year, with a pre-tax loss of HKD 572,564,000[133]. - The company reported a net loss attributable to shareholders of HKD 472,487,000 for the year ended December 31, 2023, compared to a loss of HKD 326,213,000 in 2022[154]. - The diluted loss per share increased from HKD 4.20 in 2022 to HKD 6.08 in 2023, indicating worsening financial performance[105]. - The company reported a total loss before tax of HKD 382,961 thousand for 2023, compared to a loss of HKD 397,925 thousand in 2022, showing a slight improvement[159]. Revenue and Income - Total revenue for the year ended December 31, 2023, was HKD 49,410,000, representing a significant increase from HKD 201,951,000 in the previous year[120]. - The loan financing segment generated revenue of HKD 27,939,000, while the total revenue from other segments amounted to HKD 4,891,000[133]. - Revenue from the warehouse business decreased from approximately HKD 17,308,000 in FY2022 to about HKD 16,580,000 in FY2023, resulting in a segment loss of approximately HKD 3,758,000 in FY2023 compared to a profit of about HKD 1,254,000 in FY2022[79]. - The company experienced a significant decline in revenue from loan financing, reporting HKD 27,939,000 compared to a loss of HKD 174,865,000 in the previous year[56]. - The company reported a significant decrease in revenue from loan referral and consulting services, which fell to HKD 13,245,000 from HKD 52,622,000, a drop of approximately 74.9%[142]. Assets and Liabilities - As of December 31, 2023, the company's current liabilities exceeded current assets by HKD 550,952,000, and total liabilities exceeded total assets by HKD 651,767,000[52]. - The total assets of the group as of December 31, 2022, were HKD 417,127,000, with total liabilities amounting to HKD 1,068,894,000[136]. - The company’s assets totaled HKD 975,248,000, with liabilities amounting to HKD 1,010,759,000, resulting in a negative equity position[149]. - The group’s current ratio decreased to 0.21 as of December 31, 2023, from 0.86 as of December 31, 2022[184]. - The net current liabilities of the group were approximately HKD 550,952,000 as of December 31, 2023, compared to HKD 86,815,000 as of December 31, 2022[184]. Impairment and Provisions - The company recognized an impairment loss of HKD 110,070,000 for the tobacco financing cash-generating unit for the year ended December 31, 2023, compared to HKD 117,963,000 in 2022[7]. - The company recognized impairment losses of HKD 406,222,000, significantly higher than HKD 239,236,000 in 2022, indicating a substantial increase in credit risk[142]. - The impairment provision for receivables increased from HKD 215,613 thousand in 2022 to HKD 518,816 thousand in 2023, reflecting a significant rise[158]. - The provision for guarantee losses increased to HKD 437,861,000 in 2023 from HKD 402,211,000 in 2022, an increase of about 8.8%[42]. Cash Flow and Financing - The group has been actively consulting with financial institutions to secure various financing options for operational funding in the foreseeable future[128]. - The group anticipates sufficient operating funds to meet its financial obligations due within the next twelve months[128]. - The group recorded a goodwill impairment loss of HKD 110,070,000, contributing to the overall loss[133]. - The company is actively seeking potential investors to support its operations and enhance financial stability[74]. - The company is implementing cost control measures to achieve positive operating cash flow[119]. Operational Adjustments - The company is considering the potential sale of its Beijing financing guarantee business to improve its financial condition[72]. - The group decided to discontinue its loan financing business in Hong Kong due to a bleak economic outlook and a lack of new loans in FY2023[75]. - The company is implementing strategic adjustments in its Ningbo operations to mitigate further losses and improve risk management[74]. Employee and Administrative Costs - The company’s employee costs, including director remuneration, decreased from HKD 47,196 thousand in 2022 to HKD 33,119 thousand in 2023, a reduction of about 29.8%[165]. - Administrative and other operating expenses for FY2023 were approximately HKD 69,187,000, a decrease of about 20.5% or HKD 17,792,000 compared to FY2022, attributed to streamlining operations and cost optimization[83]. Legal and Settlement Matters - The company’s cash deposits litigation resulted in a settlement agreement for RMB 42,370,000, to be paid in installments over 22 months[12]. - The company’s management believes that the terms of the settlement agreement significantly differ from the original terms, leading to a recognition of other income of approximately RMB 36,809,000 (about HKD 40,781,000) for the year[12].

Financial Performance - For the six months ended June 30, 2023, total revenue was HK$35,093,000, a decrease of 71.7% compared to HK$124,100,000 in the same period of 2022 [39]. - Gross profit for the period was HK$24,799,000, down from HK$72,165,000, reflecting a gross margin decline [39]. - Loss for the period amounted to HK$88,833,000, compared to a loss of HK$95,003,000 in the previous year, indicating a slight improvement [40]. - The total comprehensive income for the period ended June 30, 2022, was a loss of HK$104,963, reflecting ongoing financial challenges [74]. - The Group reported a loss attributable to the owners of the Company of HK$77,743,000 for the six months ended 30 June 2023 [99]. - Total comprehensive income for the period was a loss of HK$69,391,000 [97]. - The loss attributable to owners of the Company for the six months ended June 30, 2023, was HK$77,743,000, compared to HK$77,415,000 for the same period in 2022 [192]. Revenue and Segments - The industrial property development segment generated revenue of HK$8,839,000, while the loan financing (I) segment generated revenue of HK$73,899,000 for the six months ended June 30, 2023 [107]. - The Group's general trading segment did not report any revenue for the six months ended June 30, 2023 [107]. - For the six months ended June 30, 2023, the total segment revenue was HK$124,100,000, a decrease from HK$124,100,000 in the same period of 2022 [107]. Impairment and Losses - The impairment loss on loans and interest receivables was HK$52,743,000 for the six months ended June 30, 2023, compared to HK$656,000 in the same period of 2022 [110][111]. - The impairment charge recognized during the current interim period was HK$50,075,000, compared to HK$71,790,000 for the six months ended June 30, 2022 [171]. - The accumulated impairment losses for the Group increased to HK$417,859,000 as of June 30, 2023, from HK$367,784,000 as of December 31, 2022 [164]. - The Group's impairment loss, net of reversal, was HK$81,063,000, compared to HK$82,423,000 in the previous year, indicating a stable impairment situation [39]. Cash Flow and Liquidity - For the six months ended June 30, 2023, the net cash used in operating activities was HK$5,791, compared to HK$38,422 for the same period in 2022, indicating a significant improvement [75]. - The company generated HK$318 in net cash from investing activities for the six months ended June 30, 2023, compared to HK$5,086 in the prior year, reflecting a decrease in investment activity [75]. - Financing activities resulted in a net cash increase of HK$18,406 for the six months ended June 30, 2023, compared to HK$28,772 in the same period of 2022, showing a reduction in financing inflows [75]. - As of June 30, 2023, cash and cash equivalents amounted to HK$40,996, slightly up from HK$40,669 at the end of June 2022, indicating stable liquidity [75]. Share Capital and Convertible Notes - The company has issued convertible notes with a principal amount of HK$200 million, convertible at an initial price of HK$1 per share, representing approximately 2.57% of the issued share capital upon full conversion [30]. - No convertible notes were converted during the period, and no new shares were allotted or issued by the company pursuant to the convertible notes [31]. - The interest rate on the convertible notes is nil for the first year, increasing to 1% in the second year, 4% in the third year, and 6% in the fourth year [59]. - The balance of convertible notes as of June 30, 2023, was HK$200,000,000, with a conversion price of HK$1.0 per share [60]. Corporate Strategy and Operations - The Group has decided to slow down its loan referral business to minimize further losses arising from default rates, reflecting a significant decline in revenue and operational performance during the period [18]. - The Group is committed to evaluating options for the disposal of its financial guarantees business in Beijing to improve performance and streamline operations [12]. - The Group's strategic move aims to focus on core strengths and allocate resources to areas with stronger growth prospects [12]. - The Group is actively negotiating corporate restructure proposals to reduce liabilities and commitments, which may impact future financial stability [77]. Shareholder Information - As of June 30, 2023, Mr. Liu owns 65.80% of the issued share capital of Long Tu Limited, which in turn owns 55% of Intraday Financial Information Service Limited [28]. - The interests of substantial shareholders include 1,447,750,000 shares held by Eastern Spring Global Limited, representing approximately 18.62% of issued voting shares [57]. - Skill Rich Limited holds 1,000,000,000 shares, accounting for approximately 12.86% of issued voting shares [57]. Compliance and Governance - The company has established an Audit Committee comprising three independent non-executive Directors to ensure compliance with Listing Rules [35]. - The Group maintains compliance with the Securities and Futures Ordinance regarding the disclosure of interests [29]. - The effective tax rate for the Group's subsidiaries in Hong Kong is 16.5%, with no tax provision made due to tax losses incurred [44]. Assets and Liabilities - As of June 30, 2023, the total consolidated assets amounted to HK$865,973,000, with segment assets of HK$562,025,000 [87]. - The total consolidated liabilities reached HK$988,927,000, with segment liabilities of HK$741,136,000 [87]. - The Group's current liabilities as of 30 June 2023 amounted to HK$599,886,000, a decrease from HK$629,385,000 as of 31 December 2022 [71]. - The Group's net liabilities as of 30 June 2023 were (HK$122,954,000), compared to (HK$35,511,000) as of 31 December 2022 [71].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 大中華金融控股有限公司 G C F H L REATER HINA INANCIAL OLDINGS IMITED （於百慕達註冊成立之有限公司） （股份代號：431） 網址：http://www.irasia.com/listco/hk/greaterchina/index.htm 截至二零二三年六月三十日止六個月中期業績 業績概要 大中華金融控股有限公司（「本公司」）之董事（「董事」）會（「董事會」）宣佈本公 司及其附屬公司（「本集團」）截至二零二三年六月三十日止六個月（「本期間」）之 未經審核綜合中期業績，連同二零二二年同期之比較數字如下： 簡明綜合損益及其他全面收益表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 二零二三年 二零二二年 附註 千港元 千港元 （未經審核）（未經審核） 收入 3 客戶合約 32,271 117,413 按實際利息法計算的利息 2,822 6,687 收 ...

Acquisition and Business Expansion - The acquisition of Xin Yunlian Investment Limited was completed on July 31, 2020, enabling the Group to leverage its expertise in loan financing to support approximately 4.8 million tobacco retailers registered on its e-commerce platform as of December 31, 2022[22]. - New Yunlian Financial Services is targeting over 4,800,000 registered tobacco retailers in China for financial services through its e-commerce platform[24]. - The Group aims to empower emerging e-commerce brands by optimizing its business model and improving risk control strategies to meet their financing needs[13]. - The Group plans to continue broadening its cooperation industries and enhancing its service offerings to better serve emerging customers[13]. Financial Performance - The Group's total segment revenue for FY2022 was HK$201,951,000, down 29.1% from HK$284,867,000 in FY2021[32]. - The Group reported a loss attributable to the owners of the Company of approximately HK$326,213,000 for the year ended 31 December 2022[130]. - The Group's shareholder's deficit attributable to owners amounted to approximately HK$166,349,000 as of 31 December 2022[120]. - The Group's current ratio as of 31 December 2022 was 0.86, down from 1.35 as of December 31, 2021[120]. - The Group's outstanding borrowing was approximately HK$93,622,000, which is repayable within the next twelve months[130]. Loan Financing and Revenue - During FY2022, the loan financing segment in Hong Kong generated revenue of approximately HK$ 109,166,000, down from HK$ 185,524,000 in FY2021, resulting in a segment loss of approximately HK$ 76,454,000[10]. - Loan financing II segment revenue for FY2022 was approximately HK$65,699,000, a decrease of 14.5% from HK$76,861,000 in FY2021[23]. - Revenue from the loan financing services segment for FY2022 was approximately HK$65,699,000, a decrease of 14.5% from approximately HK$76,861,000 in FY2021, resulting in a segment loss of approximately HK$60,715,000[51]. - The interest rates for loan products offered by Xin Yunlian Financial range from 6.5% to 24% per annum, with a referral fee of approximately 3% charged depending on bank terms[6]. Impairment and Risk Management - The Group recognized an impairment loss of HK$239.236 million for the year ended December 31, 2022, compared to HK$176.049 million in 2021, indicating a significant increase in impairment losses[81]. - The increase in impairment losses was primarily due to the impact of the COVID-19 pandemic on certain customers[23]. - The Group is tightening credit policies and improving risk management frameworks to mitigate unexpected impairment losses[25]. - The default payment receivables' loss rate was approximately 80% as of December 31, 2022, indicating a probability of default of 100% and a recovery rate of 20%[111]. Operational Challenges - The Group's liquor trading segment faced challenges, resulting in a loss of approximately HK$ 22,260,000 for FY2022, with no sales revenue generated[10]. - The Group has not recorded any sales revenue from its trade division during the year due to operational difficulties caused by the COVID-19 pandemic[140]. - The Group's operations faced delays in follow-up processes with borrowers due to COVID-19 restrictions, leading to unsatisfactory recovery rates and impairments on other receivables[80]. Strategic Outlook - The Group's management remains optimistic about the long-term business outlook despite the challenging economic environment[25]. - The Group aims to strengthen its position in the financial sector of the tobacco industry through digital empowerment and product technology innovation[70][72]. - The Group's strategic steps include enhancing capabilities and diversifying directions to better serve customers[64]. Employee and Governance - The Group had 122 employees as of December 31, 2022, down from 141 employees on December 31, 2021[182]. - Liu Kequan was appointed as an executive director and CEO on June 30, 2016, and has extensive management experience in investment and real estate development[194]. - Chen Zheng, appointed as an executive director on December 8, 2021, has rich experience in investment business and corporate management[195]. - The Audit Committee supports Management's action plan to address the audit qualification and believes the Group can continue as a going concern[161].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 網址：http://www.irasia.com/listco/hk/greaterchina/index.htm （股份代號：431） （於百慕達註冊成立之有限公司） 大中華金融控股有限公司 G REATER CHINA FINANCIAL HOLDINGS LIMITED 截至二零二二年十二月三十一日止年度末期業績公佈 業績概要 大中華金融控股有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈本 公司及其附屬公司（統稱「本集團」）截至二零二二年十二月三十一日止年度之經 審核綜合財務業績，連同截至二零二一年十二月三十一日止年度之比較數字如下： 綜合損益及其他全面收益表 截至二零二二年十二月三十一日止年度 – 1 – 二零二二年 二零二一年 附註 千港元 千港元 其後將不會重新分類至損益的項目： 因換算香港以外業務而產生的匯兌差額 (12,640) 12,177 撤銷附屬公司時解除儲備 – ...

Revenue Performance - Revenue from loan financing I decreased to approximately HK$73,899,000, down 40.7% from HK$124,647,000 in the same period last year[14] - Revenue from industrial property development increased to approximately HK$8,839,000, up 85.5% from HK$4,766,000 in the same period last year[11] - Total revenue for the six months ended June 30, 2022, was HK$124,100,000, a decrease of 27.4% from HK$170,691,000 in the same period of 2021[150] Profit and Loss - The segment profit from loan financing I improved to approximately HK$46,061,000 compared to a segment loss of approximately HK$80,423,000 in the previous year[14] - Loss before taxation was HK$90,546,000, compared to a loss of HK$80,889,000 in the previous year, indicating a worsening financial performance[150] - Loss for the period amounted to HK$95,003,000, an increase from HK$85,690,000 in the prior year[150] Segment Performance - The Group's total segment loss for the period was approximately HK$38,694,000, compared to a loss of HK$87,751,000 in the previous year[10] - The loan financing II segment generated revenue of approximately HK$37,790,000, slightly down from HK$38,239,000 year-on-year, resulting in a segment loss of approximately HK$83,952,000, compared to a loss of HK$339,000 in the same period last year[22] - The revenue from the Others segment was approximately HK$3,572,000, resulting in a segment loss of approximately HK$2,039,000[40] Impairment and Financial Challenges - The impairment loss for the loan financing operations during the period was approximately HK$82 million, compared to HK$65 million for the same period in 2021[45][48] - The total impairment loss recognized during the period was HK$82 million, with HK$76 million attributed to trade and other receivables[57] - The Group anticipates continued challenges in the market due to economic slowdown in the PRC and pandemic-related disruptions[14] Operational Efficiency and Cost Management - Administrative and other operating expenses decreased by approximately 26.1% to HK$51.375 million compared to the same period in 2021, as the company optimized business processes[70] - Finance costs increased from approximately HK$14 million in the six months ended June 30, 2021, to approximately HK$17.415 million for the current period due to additional loan interest[71] - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[158] Cash Flow and Financial Position - The Group's cash and cash equivalents were approximately HK$40,669,000 as of June 30, 2022, down from approximately HK$47,936,000 as of December 31, 2021[76] - The Group's total borrowings amounted to approximately HK$262,787,000 as of June 30, 2022, compared to approximately HK$241,881,000 as of December 31, 2021[76] - Net current assets decreased to HK$131,636,000 from HK$201,445,000, representing a significant decline of 34.6%[157] Strategic Focus and Future Plans - The Group plans to empower emerging e-commerce brands by optimizing its business model and improving risk control strategies to meet the financing needs of new customers[19] - The acquisition of Xin Yunlian Investment Limited has created synergies, enabling the Group to leverage its resources to support the e-commerce platform serving approximately 4.8 million tobacco retailers in China[23] - The Group aims to broaden cooperation industries and enhance its service offerings to better serve the financing needs of emerging customers[20] Shareholder Information - The interests of Mr. Liu in the shares amounted to 1,472,750,000, representing approximately 18.94% of the issued voting shares[100] - Mr. Chen held 800,000,000 shares and 200,000,000 underlying shares, totaling 1,000,000,000 shares, which is approximately 12.86% of the issued voting shares[100] - The Group has no definite plans for material investments or capital asset acquisitions as of June 30, 2022[92] Compliance and Governance - The company has complied with the Corporate Governance Code and the Model Code for securities transactions by Directors throughout the period[137][138] - The Audit Committee has reviewed the unaudited interim results and recommended their adoption by the Board[140] Market Conditions and Economic Impact - The COVID-19 pandemic has significantly impacted the economic recovery in China, particularly affecting medium and micro-sized enterprises, which remain key drivers of domestic consumption[20] - The continuous COVID-19 preventive measures in various cities in the PRC since 2021 significantly impacted the retail operations of tobacco retailers, leading to increased default payments[61]