FUTURE WORLD HOLDINGS LIMITED 未 來 世 界 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：572） 年 報 2 0 2 3 目錄 | | 頁次 | | --- | --- | | 公司資料 | 2 | | 主席報告 | 3 | | 管理層討論及分析 | 4 | | 董事履歷詳情 | 19 | | 董事會報告 | 22 | | 企業管治報告 | 32 | | 環境、社會及管治報告 | 42 | | 獨立核數師報告 | 60 | | 綜合損益及其他全面收益表 | 66 | | 綜合財務狀況表 | 68 | | 綜合權益變動表 | 70 | | 綜合現金流量表 | 71 | | 綜合財務報表附註 | 73 | | 五年財務概要 | 166 | 未來世界控股有限公司 二零二三年年報 1 公司資料 董事會 執行董事 梁劍先生 （主席兼總裁） 于振中先生 （副主席） 王茜女士 （副主席） 余慶銳先生 蘇維先生 黎朗威先生（於二零二三年十一月十日獲委任） 原屹峰先生（於二零二三年五月三十一日辭任） 張杰承先生（於二零二三年六月二十日辭任） 李銳先生（於二零二三年六月二 ...

Financial Performance - For the year ended December 31, 2023, the company reported a total revenue of HKD 38,948,000, a decrease of 17.5% compared to HKD 47,137,000 in 2022[3]. - The gross profit for the year was HKD 21,637,000, down 24.3% from HKD 28,517,000 in the previous year[3]. - The company incurred a net loss of HKD 152,531,000 for the year, compared to a loss of HKD 15,605,000 in 2022, representing an increase in losses by 876.5%[4]. - The total comprehensive loss for the year amounted to HKD 210,564,000, significantly higher than HKD 33,130,000 in the prior year, marking an increase of 535.5%[4]. - The basic and diluted loss per share for the year was HKD 1.01, compared to HKD 0.07 in the previous year, indicating a significant deterioration in earnings per share[4]. - The company reported a pre-tax loss of HKD 10,054,000 in 2023, down from HKD 14,618,000 in 2022, indicating a reduction of 31.5%[37]. - The company did not declare or recommend any dividends for the year, consistent with 2022[42]. Revenue Breakdown - Revenue from high-tech business increased to HKD 17,134,000, up from HKD 16,071,000, reflecting a growth of 6.6%[21]. - Rental income from property investments decreased to HKD 6,679,000, down 6.1% from HKD 7,108,000[21]. - Interest income from financing services dropped significantly to HKD 12,891,000, a decline of 38.5% from HKD 21,063,000[21]. - The group experienced a net loss of HKD 4,524,000 from securities trading and investment, contrasting with a gain of HKD 33,000 in the previous year[21]. - The company reported a total of HKD 52,632,000 in current liabilities, down from HKD 67,945,000, indicating a decrease of about 22.5%[55]. Asset and Liability Changes - Non-current assets decreased from HKD 968,249 thousand in 2022 to HKD 815,435 thousand in 2023, a decline of approximately 15.8%[6]. - Current assets increased slightly from HKD 404,262 thousand in 2022 to HKD 410,486 thousand in 2023, an increase of about 1.6%[6]. - Total liabilities decreased from HKD 433,278 thousand in 2022 to HKD 382,348 thousand in 2023, a reduction of approximately 11.8%[6]. - Net asset value decreased from HKD 935,461 thousand in 2022 to HKD 801,065 thousand in 2023, a decline of about 14.3%[7]. - Cash and bank balances increased significantly from HKD 38,983 thousand in 2022 to HKD 81,721 thousand in 2023, an increase of approximately 109.5%[6]. Investment and Fair Value Losses - The company recognized a fair value loss on investment properties of HKD 67,069,000, compared to a loss of HKD 12,860,000 in 2022, reflecting a substantial increase in losses[3]. - The fair value loss on financial assets was approximately HKD 50,691,000 for the year ended December 31, 2023, compared to a fair value gain of approximately HKD 47,130,000 in 2022[77]. - The fair value of listed securities decreased to HKD 10,154,000 in 2023 from HKD 66,197,000 in 2022, reflecting a significant decline of approximately 84.7%[45]. Corporate Actions and Governance - The company has changed its principal place of business effective December 1, 2023, to a new location in Hong Kong[9]. - The company has adopted several new and revised Hong Kong Financial Reporting Standards during the year, which did not have a significant impact on its financial performance[14]. - The company has adhered to all provisions of the Corporate Governance Code, except for the separation of roles between the Chairman and the CEO, which are both held by Mr. Liang Jian[155]. - The company has implemented a set of credit policies and procedures to mitigate business-related risks and assess potential borrowers' financial conditions[111]. Future Plans and Strategic Initiatives - The company plans to acquire equity in two companies primarily engaged in real estate and property management to diversify its property investment portfolio in China[80]. - The company plans to acquire 100% of the equity of Meilian Property Management for RMB 35,400,000 and 10% of Zhiying Property Management for RMB 3,900,000, expanding its property management services in China[149]. - The group plans to continue seeking development opportunities in its core businesses, including high-tech, property investment, and securities trading, to create long-term value for shareholders[125].

Financial Performance - The group's revenue for the six months ended June 30, 2023, was HKD 28,897,000, a decrease of 0.6% compared to HKD 29,075,000 for the same period in 2022[8]. - The net loss attributable to shareholders for the period was approximately HKD 59,810,000, compared to a net loss of approximately HKD 5,450,000 in 2022, with a basic loss per share of HKD 0.52[8]. - The group recorded a net loss of approximately HKD 436,600,000 for the year ended December 31, 2022, compared to a net profit of HKD 291,200,000 for the year ended December 31, 2021[24]. - The revenue for the group was approximately HKD 802,000,000 for the year ended December 31, 2022, a decrease of about 10.4% from HKD 895,400,000 in 2021[24]. - The group reported a net loss of HKD 60,611,000 for the six months ended June 30, 2023, compared to a loss of HKD 7,464,000 in the same period of 2022[73]. - The group experienced a gross profit of HKD 11,251,000, down from HKD 17,058,000 in the previous year, indicating a decrease of about 34.3%[73]. - The group’s total comprehensive loss for the period was HKD 104,670,000, compared to a loss of HKD 57,665,000 in the same period last year, reflecting an increase of approximately 81.5%[75]. High-Tech Business Segment - The high-tech business segment generated revenue of approximately HKD 17,479,000, an increase from HKD 10,335,000 in the previous year[12]. - The high-tech business segment recorded a profit of approximately HKD 2,908,000, recovering from a loss of HKD 6,692,000 in the previous year[12]. - The group is actively seeking opportunities to expand the range of services and products offered in the high-tech business segment[9]. - The board is focused on ensuring the sustainable development of the high-tech business despite competitive pressures in China[15]. - Revenue from high-tech business increased to HKD 17,479,000, up from HKD 10,335,000 year-on-year, reflecting a growth of approximately 69.5%[100]. Investment and Securities - The group recorded a fair value loss of approximately HKD 21,854,000 from investment properties, compared to a fair value loss of approximately HKD 4,400,000 in the previous year[16]. - The securities trading and investment segment recorded a loss of approximately HKD 52,665,000 for the period, compared to a loss of HKD 4,332,000 in 2022[19]. - The total unrealized loss on securities investments measured at fair value through profit or loss was approximately HKD 39,851,000, compared to HKD 85,000 in 2022[19]. - The group sold part of its securities investments to realize its investments and reallocate resources to more promising areas[19]. - The company recorded a net loss of HKD 4,483,000 from securities trading and investment for the period, compared to a gain of HKD 33,000 in the previous year[100]. Financing and Costs - The group incurred financing costs of approximately HKD 4,793,000 during the period, up from HKD 3,741,000 in 2022[19]. - The company has implemented a credit policy to mitigate business-related risks, including a credit review process for significant loan transactions[45]. - The company plans to raise up to approximately HKD 69,657,000 through a rights issue at a subscription price of HKD 0.6 per share, with a maximum of 116,095,491 shares to be issued[93]. - Financing costs for the six months ended June 30, 2023, totaled HKD 9,743 million, compared to HKD 6,683 million in the same period of 2022, representing an increase of 45.7%[106]. Assets and Liabilities - As of June 30, 2023, total cash and bank balances were approximately HKD 6,645,000, down from HKD 38,983,000 on December 31, 2022[56]. - Total borrowings amounted to approximately HKD 370,098,000, slightly down from HKD 372,583,000 on December 31, 2022, with bank borrowings at approximately HKD 282,096,000[56]. - The capital debt ratio was approximately 44.01% as of June 30, 2023, compared to 39.83% on December 31, 2022[57]. - The net asset value as of June 30, 2023, was approximately HKD 840,993,000, down from HKD 935,461,000 on December 31, 2022[57]. - The total assets as of June 30, 2023, amounted to HKD 1,287,091 million, down from HKD 1,372,511 million at the end of 2022, reflecting a decrease of 6.2%[104]. Corporate Governance and Management - The company has complied with all corporate governance codes except for the separation of the roles of Chairman and CEO, which are held by the same individual, Liang Jian[179]. - The company aims to attract suitable talent to support its ongoing development and contributions to the group[172]. - The company has adopted a standard code of conduct for directors regarding securities trading, confirming compliance during the reporting period[178]. - The company’s audit committee reviewed the interim results in accordance with the relevant corporate governance codes[181]. Shareholder Information - The company reported a total remuneration for key management personnel of HKD 2,951,000 for the six months ended June 30, 2023, compared to HKD 2,144,000 for the same period in 2022, reflecting an increase of approximately 37.6%[153]. - The total issued share capital as of June 30, 2023, is HKD 250,000, with 623,700,000 ordinary shares outstanding[143]. - The company completed a rights issue, raising approximately HKD 52,431,000 after expenses, increasing its share capital by about HKD 24,560,000[143]. - The company has a weighted average remaining contractual life of approximately 0.21 years for unexercised share options as of June 30, 2023, down from 0.68 years as of December 31, 2022[147].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公佈全部或任何 部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。 FUTURE WORLD HOLDINGS LIMITED 未 來 世 界 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：572） 截至二零二三年六月三十日止六個月 未經審核中期業績公佈 未來世界控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公司及其 附屬公司（統稱「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 核簡明綜合中期業績，連同二零二二年同期之比較數字如下： ...

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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公佈全部或任何 部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。 FUTURE WORLD HOLDINGS LIMITED 未 來 世 界 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：572） 補充公佈 茲提述本公司截至二零二二年十二月三十一日止年度之年報（「該年報」）。除文義另 有所指外，本公佈所用詞彙與該年報所界定者具有相同涵義。 誠如本公司日期為二零一五年七月十五日之公佈所披露，本公司於二零一五年七月 十五日採納股份獎勵計劃（「股份獎勵計劃」）。 股份獎勵計劃的目的及宗旨在於表彰若干僱員及人士對本集團之貢獻，並提供獎勵 以挽留彼等，支持本集團之持續經營和發展，亦吸納適合人才，支持本集團的進一 步發展及對本集團作出貢獻。 ...

Financial Performance - The company's revenue for the year ended December 31, 2022, decreased to approximately HKD 47,137,000, a decline of 45.2% compared to HKD 85,991,000 for the year ended December 31, 2021[15]. - The net loss for the year was approximately HKD 15,605,000, an improvement from a net loss of HKD 18,755,000 in the previous year[15]. - The company recorded a fair value loss on investment properties of approximately HKD 12,860,000, compared to a fair value gain of HKD 16,368,000 in the previous year[15]. - Credit loss provisions for trade receivables and other receivables amounted to approximately HKD 36,823,000, significantly higher than HKD 2,844,000 in the previous year[15]. - The basic and diluted loss per share for the year was HKD 0.08, compared to HKD 0.18 in the previous year[16]. - The high-tech business segment generated revenue of approximately HKD 16,071,000 for the year ended December 31, 2022, a decrease from HKD 48,728,000 in 2021, and recorded a loss of approximately HKD 18,917,000 compared to a loss of HKD 23,473,000 in 2021[18]. - The decline in revenue was primarily due to recurring COVID-19 restrictions in China, which impacted operations significantly[18]. - The property investment segment recorded rental income of approximately HKD 7,108,000 for the year ended December 31, 2022, slightly up from HKD 7,016,000 in 2021, but faced a fair value loss of approximately HKD 12,860,000 compared to a fair value gain of HKD 16,368,000 in 2021[23]. - The securities trading and investment segment achieved a profit of approximately HKD 38,430,000 for the year ended December 31, 2022, a significant turnaround from a loss of HKD 12,500,000 in 2021, driven by fair value gains of approximately HKD 47,130,000[27]. - Dividend income from securities was approximately HKD 590,000, down from HKD 3,815,000 in 2021, while interest income from debt instruments was approximately HKD 426,000, up from HKD 213,000 in 2021[27]. - The group recorded an expected credit loss provision of approximately HKD 4,990,000 for corporate bond investments, which had a carrying value of approximately HKD 15,010,000 as of December 31, 2022[27]. - The expected credit loss for receivables and interest as of December 31, 2022, is approximately HKD 31,491,000, an increase from HKD 21,504,000 in 2021[61]. - The expected credit loss provision for receivables and interest was approximately HKD 9,987,000 for the year ended December 31, 2022, compared to a reversal of approximately HKD 206,000 in 2021[61]. Business Strategy and Operations - The company plans to continue its securities brokerage business, leveraging the return of Chinese concept stocks to attract capital inflow into Hong Kong[10]. - Future World Securities has obtained licenses to conduct regulated activities, including securities trading and advisory services[10]. - The company aims to develop a diversified portfolio of innovative technology products to mitigate the impact of COVID-19 on its high-tech business segment[9]. - Future World Holdings is focused on expanding its core businesses, including high-tech operations, property investment, and financing services[9]. - The group aims to continue seeking opportunities to expand and optimize its investment property portfolio for stable rental income and capital appreciation[24]. - The company plans to utilize funds raised from a rights issue to invest in a Hong Kong securities brokerage firm to expand its margin financing services[64]. - The company aims to expand its client base by providing margin financing services through its wholly-owned subsidiary, Future World Securities[64]. - The company has engaged in a strategy to expand its lending business through its wholly-owned subsidiary, World Finance, which holds a valid money lender license in Hong Kong[46]. Management and Governance - The company’s management team has extensive experience in accounting, corporate development, and financing management, overseeing the operations of the lending business[47]. - The company has a diverse board with members having extensive backgrounds in finance, law, and investment management[103][104][105]. - The company is focused on expanding its market presence and enhancing its investment strategies through experienced leadership[95][98][101]. - The board's composition reflects a strong emphasis on financial expertise and strategic management, which is crucial for future growth[95][103]. - The company emphasizes ongoing professional development for all directors to enhance their knowledge and skills[186]. - The company has established a remuneration committee, nomination committee, and audit committee, adhering to corporate governance codes[187]. - The company emphasizes the importance of effective communication with investors and stakeholders to create long-term sustainable growth[175]. - The audit committee has met with external auditors to review the audited consolidated financial statements for the year[168]. - The company has received annual independence confirmations from all independent non-executive directors[164]. - The company will propose the reappointment of its auditor at the upcoming annual general meeting[169]. Shareholder Information - The group had a total current asset value of approximately HKD 404,262,000 as of December 31, 2022, compared to HKD 110,335,000 in 2021[70]. - The company confirmed compliance with the listing rules regarding loans granted to related borrowers as of December 31, 2022[57]. - The company has a total of 116,095,491 issued shares as of December 31, 2022[120]. - The company recorded significant shareholder interests, with the largest being Zhu Wuqun holding 11,715,000 shares, representing 10.09% of the issued share capital[151]. - The second-largest shareholder, Liu Mingzhong, held 11,320,000 shares, accounting for 9.75% of the issued share capital[151]. - The major shareholder, Yanjia Group, holds approximately 8.14% of the issued share capital and operates independently from the company[156]. - The company has complied with the disclosure requirements under the relevant listing rules regarding related party transactions[161]. - The group identified significant risks including economic, business and strategic, financial, and environmental, social, and governance risks that could adversely affect future performance[115]. Financial Position - As of December 31, 2022, the interest income generated from the lending business was approximately HKD 21,063,000, a decrease of about 5.7% from HKD 22,330,000 in 2021[47]. - The lending business reported an operating loss of approximately HKD 5,527,000 for the year ended December 31, 2022, compared to an operating profit of HKD 19,987,000 in 2021[47]. - As of December 31, 2022, total receivables from loans and interest amounted to HKD 231,953,000, down from HKD 353,749,000 in 2021[49]. - The annual interest rates for loans ranged from 5.0% to 7.7% as of December 31, 2022, compared to 5.0% to 7.0% in 2021[49]. - The total borrowings amounted to approximately HKD 372,583,000 as of December 31, 2022, a decrease from HKD 408,206,000 in 2021[68]. - The current ratio improved to approximately 0.93 as of December 31, 2022, compared to 0.24 in the previous year[70]. - The capital debt ratio was 39.83% as of December 31, 2022, down from 44.60% in 2021[69]. - The net asset value as of December 31, 2022, was approximately HKD 935,461,000, compared to HKD 915,252,000 in 2021[69]. - The company completed a rights issue on May 20, 2022, raising approximately HKD 52,500,000, with 65% allocated for future investments in securities[79]. - The company has utilized approximately HKD 34,000,000 (65% of the net proceeds) for the investment in Future World Securities, which is currently awaiting regulatory approval from the Securities and Futures Commission[80]. - As of the report date, the unutilized net proceeds amount to approximately HKD 34,000,000, with HKD 26,000,000 already used for acquiring listed equity in Hong Kong and subscribing to short-term notes[82]. - The company plans to allocate approximately HKD 8,000,000 from the unutilized net proceeds for the acquisition of a securities brokerage firm by the end of the fiscal year ending December 31, 2023[82]. Corporate Actions and Changes - The company has not purchased, sold, or redeemed any of its shares during the year ended December 31, 2022[121]. - The company has not entered into any significant management or administrative contracts during the year 2022[163]. - The company did not comply with listing rules regarding the appointment of at least three independent non-executive directors until December 9, 2022, when Ms. Xia Liping was appointed[181]. - The company appointed several new directors in 2022, including Mr. Su Wei and Mr. Yuan Yifeng on July 1 and August 19, respectively[184]. - The company has changed the trading board lot size from 20,000 shares to 4,000 shares, reducing the monetary value from HKD 8,000 to HKD 1,600[83]. - The company has issued 7.5% bonds totaling HKD 20,000,000, maturing on October 25, 2025, under a subscription agreement with an independent third party[88]. - The company completed the sale of a 55% stake in Jiangsu Weilai Dongnan Technology Co., Ltd. for RMB 1, with the transaction finalized on February 16, 2022[89]. Risk Management - The company has implemented a credit policy and procedures manual to assess potential borrowers' risks and financial conditions[54]. - The company will conduct financial reviews of clients to assess the need for adjustments to credit limits and collateral[59]. - The company’s management committee must approve all loan applications after a thorough credit assessment process[56]. - The company emphasizes the importance of professional qualifications, skills, knowledge, and relevant experience in selecting board candidates[198]. - The Nomination Policy outlines the main selection criteria and procedures for appointing or reappointing board members[195]. - The evaluation of independent non-executive directors' independence is a key responsibility of the Nomination Committee[200].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公佈全部或任何 部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。 FUTURE WORLD HOLDINGS LIMITED 未 來 世 界 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：572） 截至二零二二年十二月三十一日止年度全年業績公佈 未來世界控股有限公司（「本公司」）董事會（「董事會」）公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業績，連同去年之 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 二零二二年 二零二一年 附註 千港元 千港元 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公佈全部或任何 部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。 FUTURE WORLD HOLDINGS LIMITED 未 來 世 界 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：572） 截至二零二二年十二月三十一日止年度全年業績公佈 未來世界控股有限公司（「本公司」）董事會（「董事會」）公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業績，連同去年之 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 二零二二年 二零二一年 附註 千港元 千港元 ...

Lending Overview - The company provided loans to 13 borrowers, including 2 corporate borrowers and 11 individual borrowers, with annual interest rates ranging from 5% to 7%[3]. - As of December 31, 2021, the total loan amounts included HKD 236 million to corporate borrower A and HKD 25 million to individual borrower D, with interest rates of 7% and 5% respectively[4]. - The company has a policy of offering a 6% annual interest rate for loans under HKD 10 million and a 7% rate for loans exceeding HKD 10 million[5]. Loan Approval Process - The company’s loan approval process considers the borrower's financial risk, repayment ability, and collateral provided[8]. - The company requires corporate borrowers to provide updated financial statements for loan approval, while individual borrowers are primarily involved in property investment[7]. - The company’s lending strategy includes assessing external market conditions and legal compliance when evaluating loan applications[10]. Management and Compliance - All loans are funded internally by the company, and the management committee consists of three senior management members, two of whom are also directors of the company[11]. - The company confirmed compliance with the listing rules regarding loans to related parties, with no agreements or arrangements made with related persons for outstanding loans[12]. Business Expansion - The company aims to expand its lending business by leveraging management's business and social networks to reach potential borrowers[7]. - The company has received shareholder approval for loans to corporate borrower A, indicating a significant commitment to this borrower despite the high loan amount[5].

Financial Performance - The group's revenue for the six months ended June 30, 2022, decreased to HKD 29,075,000, down 18.5% from HKD 35,682,000 in the previous period[17]. - The net loss attributable to shareholders was approximately HKD 5,450,000, compared to a profit of HKD 4,053,000 in the previous year, resulting in a basic loss per share of HKD 0.08[17]. - The total comprehensive loss for the period was HKD 57,665,000, compared to a loss of HKD 42,763,000 in the same period of 2021[74]. - The company reported a net loss of HKD 7,464,000 for the six months ended June 30, 2022, compared to a profit of HKD 1,300,000 in the previous year[72]. - The company reported a significant decrease in administrative expenses, which were HKD 10,948,000 for the period, down from HKD 15,875,000 in the previous year[72]. - The company incurred a tax expense of HKD 33,000 for the six months ended June 30, 2022, significantly down from HKD 696,000 in the previous year[120]. - The total comprehensive income for the period was a loss of HKD 54,903,000, significantly higher than the loss of HKD 42,763,000 reported in the previous period, representing a deterioration of approximately 28.4%[83]. Business Segments - The high-tech business segment generated revenue of approximately HKD 10,335,000, a decrease from HKD 18,378,000 in the previous year, with a loss of about HKD 6,692,000[20]. - Rental income from investment properties was approximately HKD 3,715,000, compared to HKD 3,281,000 in the previous year, while fair value losses on investment properties amounted to HKD 4,400,000[23]. - The securities trading and investment segment recorded a loss of approximately HKD 4,332,000, an improvement from a loss of HKD 6,156,000 in the previous year[26]. - The group realized a net gain of approximately HKD 33,000 from securities investments, compared to a net loss of HKD 37,000 in the previous year[26]. - The trade business generated revenue of approximately HKD 3,543,000, up from HKD 2,130,000 in the previous year, and recorded an overall profit of approximately HKD 1,400,000, compared to a loss of HKD 1,293,000 in the prior year[52]. COVID-19 Impact - The impact of COVID-19 on the business has been monitored, with expectations for gradual improvement as the situation stabilizes in China[18]. - The group will continue to assess and respond to the financial impacts of COVID-19 on its operations[18]. - The company has been actively reallocating resources to more promising areas due to uncertainties in the global economy and COVID-19 impacts[26]. Cash Flow and Liquidity - As of June 30, 2022, the group had cash and bank balances totaling approximately HKD 49,848,000, a significant increase from HKD 12,077,000 as of December 31, 2021[55]. - The company generated a net cash inflow from financing activities of HKD 17,804,000, a significant recovery from a net cash outflow of HKD 31,601,000 in the previous year[86]. - The company received HKD 28,150,000 from the sale of property, plant, and equipment, contributing positively to cash flow from investing activities[86]. - The group plans to sell part of its financial assets measured at fair value through other comprehensive income to improve its financial position and cash flow[96]. - The group is implementing strict cost control measures and exploring equity fundraising and long-term bank financing to enhance liquidity[96]. Assets and Liabilities - The company's total assets decreased to HKD 1,184,847,000 as of June 30, 2022, from HKD 1,270,957,000 at the end of 2021[77]. - The company's total liabilities decreased to HKD 911,786,000 as of June 30, 2022, from HKD 915,252,000 at the beginning of the period, indicating a slight reduction in financial obligations[83]. - The group's current ratio improved to approximately 0.35 as of June 30, 2022, compared to 0.24 as of December 31, 2021, with current assets totaling HKD 147,730,000[57]. - The group has bank borrowings of approximately HKD 200,457,000, which are classified as current liabilities due to repayment terms[96]. Future Plans and Strategies - The company plans to continue seeking sales opportunities for intelligent storage devices in its artificial intelligence product segment[21]. - The company plans to expand its customer base by providing margin financing services through its wholly-owned subsidiary, Future World Securities[49]. - The company will continue to seek development opportunities in its core businesses, including high-tech services, despite anticipated revenue declines in the high-tech sector due to geopolitical tensions and COVID-19 impacts[67]. - The company will continue to explore potential opportunities in the authorized franchising e-commerce platform business, which did not generate any revenue during the period[53]. Shareholder Information - The company did not recommend any dividend for the six months ended June 30, 2022, consistent with no dividend declared for the same period in 2021[122]. - The weighted average number of ordinary shares for basic and diluted loss per share was 65,806,000 for the six months ended June 30, 2022, compared to 47,871,000 for the same period in 2021[124]. - The company completed a rights issue on May 20, 2022, raising approximately HKD 52,500,000, with 61,399,399 shares issued[60]. Management and Governance - The company's management team has extensive experience in accounting, corporate development, and financing management, overseeing the operations of World Finance since its establishment[37]. - The board believes that the group can meet its financial obligations as they fall due, based on ongoing compliance with loan covenants and repayment schedules[96]. - The group has no significant litigation or contingent matters as of June 30, 2022[63].