与2024年同期相比，本报告期间由盈转亏主要是由于： (a)预期集团的投资物业于2025年6月30日取得重估公平值亏损约8700万港元至9100万港元，而集团于 2024年6月30日则取得投资物业公平值收益约7900万港元; 由于受香港房地产市场持续低迷影响，导致集团及其联营公司的投资物业(主要由商业物业所组成)的评 估价值下跌。尽管存在上述情况，由于重估公平值收益╱亏损属非现金性质，而且集团持有的投资物业 及于联营公司的投资乃长期投资项目以获取稳定及经常性租金收入及投资回报，故此将不会对集团的营 运现金流产生重大影响，集团整体财务及业务状况维持稳健。 长城环亚控股(00583)发布公告，集团预期截至2025年6月30日止六个月将取得未经审核股东应占综合亏 损约2.66亿港元至2.94亿港元连同未经审核基本每股亏损介于约16.97港仙至18.76港仙，而截至2024年6 月30日止六个月的未经审核股东应占综合盈利为452万港元及未经审核基本每股盈利0.29港仙。 (b)预期集团于本报告期间分占一家联营公司亏损约6900万港元至7200万港元，而集团于截至2024年6月 30日止六个月期间取得分占一家联营公司盈 ...

长城环亚控股(00583)发布公告，集团预期截至2025年6月30日止六个月将取得未经审核股东应占综合亏 损约2.66亿港元至2.94亿港元连同未经审核基本每股亏损介于约16.97港仙至18.76港仙，而截至2024年6 月30日止六个月的未经审核股东应占综合盈利为452万港元及未经审核基本每股盈利0.29港仙。 与2024年同期相比，本报告期间由盈转亏主要是由于： (a)预期集团的投资物业于2025年6月30日取得重估公平值亏损约8700万港元至9100万港元，而集团于 2024年6月30日则取得投资物业公平值收益约7900万港元; (b)预期集团于本报告期间分占一家联营公司亏损约6900万港元至7200万港元，而集团于截至2024年6月 30日止六个月期间取得分占一家联营公司盈利约6500万港元，此乃由于于本报告期间该联营公司的投资 物业取得重估公平值亏损及财务费用增加所致。 由于受香港房地产市场持续低迷影响，导致集团及其联营公司的投资物业(主要由商业物业所组成)的评 估价值下跌。尽管存在上述情况，由于重估公平值收益╱亏损属非现金性质，而且集团持有的投资物业 及于联营公司的投资乃长期投资项目以获取稳定及经 ...

格隆汇8月21日丨长城环亚控股(00583.HK)发布公告，截至2025年6月30日止六个月，集团预期本报告期 间将录得未经审核股东应占综合亏损约2.66亿港元至2.94亿港元连同未经审核基本每股亏损介乎约16.97 港仙至18.76港仙，而截至2024年6月30日止六个月的未经审核股东应占综合盈利为452万港元及未经审 核基本每股盈利0.29港仙。 ...

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，概不對因本公告全部或任何部份內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 * （於百慕達註冊成立之有限公司） （股份代號：583） 內幕消息 盈利警告 本公告由長城環亞控股有限公司*（「本公司」，連同其附屬公司統稱「本集團」） 根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)(a)條及證 券及期貨條例（香港法例第571章）第XIVA部項下之內幕消息條文（定義見上市 規則）的規定所作出。 本公司董事會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者，根據 對本集團截至二零二五年六月三十日止六個月（「本報告期間」）的未經審核綜 合管理賬目的初步審閱及本公司現有資料，本集團預期本報告期間將錄得未 經審核股東應佔綜合虧損約2.66億港元至2.94億港元連同未經審核基本每股 虧損介乎約16.97港仙至18.76港仙，而截至二零二四年六月三十日止六個月的 * 僅供識別 1 未經審核股東應佔綜合盈利為4.52百萬港元及未經審核基本每股盈利0.29港 仙。與二 ...

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，概不對因本公告全部或任何部份內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 * （於百慕達註冊成立之有限公司） （股份代號：583） 董事會會議召開日期 長城環亞控股有限公司（「* 本公司」）董事會（「董事會」）茲通告謹訂於二零二五 年八月二十九日（星期五）舉行本公司董事會會議，藉以（其中包括）審閱及批 准刊發本公司及其附屬公司截至二零二五年六月三十日止六個月的中期業 績，以及處理任何其他事項。 承董事會命 長城環亞控股有限公司* 主席及執行董事 王海 於本公告日期，本公司董事會由本公司執行董事王海先生及王作民先生； 本公司非執行董事任志強先生；以及本公司獨立非執行董事黎利華女士、 梅以和先生及解文斯博士組成。 * 僅供識別 香港，二零二五年八月十八日 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 本月底法定/註冊股本總額： HKD 500,000,000 備註： * 僅供識別 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 致：香港交易及結算所有限公司 公司名稱: 長城環亞控股有限公司* 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00583 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | ...

Financial Performance - For the fiscal year ended December 31, 2024, the Group recorded total revenue of approximately HK$122.1 million, with a shareholders' attributable comprehensive net loss of approximately HK$84.1 million[14]. - Excluding a fair value gain of approximately HK$131.6 million on investment properties, the shareholders' attributable comprehensive net loss was approximately HK$215.7 million, a decrease of 202.5% compared to a profit of HK$210.4 million in 2023[14]. - The increase in finance costs reached HK$338.9 million, an increase of HK$59.3 million or 21.2% compared to HK$279.6 million in 2023[14]. - The share of profits from associates decreased by HK$370.0 million or 86.8%, down from HK$426.3 million in 2023[14]. - The loss per share for 2024 was 5.4 HK cents, compared to earnings per share of 18.2 HK cents in 2023[14]. - For the year ended 31 December 2024, the Group's revenue increased by 0.2% to HK$122.1 million, compared to HK$121.8 million for the year ended 31 December 2023[43]. - The adjusted operating profit for the year ended 31 December 2024 was HK$71.8 million, representing a 4.8% increase from HK$68.5 million in 2023[43]. - The Group recorded a loss attributable to equity holders of approximately HK$84.1 million for the year ended 31 December 2024, a decrease of approximately 129.5% compared to a profit of HK$284.9 million in 2023[45]. - Loss per share for the year ended 31 December 2024 was HK5.4 cents, compared to earnings per share of HK18.2 cents for the year ended 31 December 2023[45]. - The fair value gain on investment properties for the year ended 31 December 2024 was approximately HK$131.6 million, a significant increase of 76.6% from HK$74.5 million in 2023[43]. - The adjusted operating profit for the property investment segment increased by 11.3% to HK$60.3 million in 2024, up from HK$54.2 million in 2023[63]. - The Group's total revenue remained stable at HK$122.1 million for both years, indicating resilience in the property investment segment despite economic uncertainties[60]. Investment Strategy and Market Conditions - The Group aims to optimize operational efficiency and explore new investment opportunities to enhance competitiveness in the evolving market[20]. - The local economy in Hong Kong is showing signs of strong recovery, providing new momentum for growth in the property investment market[20]. - The global economic recovery presents new growth momentum for the property investment market in Hong Kong, despite challenges such as inflation and geopolitical uncertainties[22]. - The company recognizes the upgrading demand of Hong Kong consumers, providing opportunities to tap into market potential through innovative products and services[21]. - The Group's strategy of diversifying its portfolio of investment properties has proven successful and is expected to continue generating sustainable returns for shareholders[55]. - The Group aims to leverage resources from its controlling shareholder, GWAMCC, to expand its domestic business and enhance synergy effects[104]. - The trend of shopping up north poses serious challenges, but has not yet had a material impact on the entire portfolio since 2023[101]. Corporate Governance and Board Composition - The Company is committed to upholding obligations to shareholders and enhancing corporate governance standards[106]. - The Board comprises six Directors, including two executive Directors and four non-executive Directors, with independent non-executive Directors representing more than one-third of the Board[117]. - The Board is responsible for approving strategic direction, business plans, and monitoring operational and financial performance[126]. - The Company has adopted a Whistleblowing Policy to facilitate reporting and investigation of malpractice, which is reviewed annually for effectiveness[132]. - The Company holds a minimum of four regular Board meetings annually, typically quarterly, to ensure effective governance[135]. - The Board oversees the effectiveness of the internal control system of the Group[130]. - The Company is committed to sound corporate governance practices and compliance with obligations under the SFO and Listing Rules[134]. - The Board reviews and monitors the training and continuous professional development of Directors and senior management[129]. - The Company has a policy for the disclosure of inside information to ensure compliance with legal requirements[134]. - The Board discusses major operating issues and evaluates opportunities and business risks regularly[123]. - The Board aims for at least one third of the Board to be independent non-executive Directors, and this objective was met for 2024[155]. - The Board consists of six Directors, including two females, reflecting the Company's commitment to gender diversity[156]. - The Nomination Committee is responsible for leading the process for Board appointments and considers a range of diversity factors[149]. - The Company has procedures for Directors to obtain independent professional advice at the Company's expense[147]. - The Board Diversity Policy influences succession planning and aims to enhance the quality of the Company's performance[149]. - The Company aims to avoid a single-gender workforce and will review gender diversity among all employees as appropriate according to business development[159]. - The Board has set measurable diversity objectives, including at least one female director and at least one director with accounting or other professional qualifications, which have been met as of 2024[157]. Management and Leadership - The management team has extensive experience in the finance industry, with Mr. Wang Hai having over 30 years of experience and serving as Chairman since August 2021[26]. - Mr. Wang Zuomin, the new CEO since August 2024, also brings over 30 years of experience in the finance industry[28]. - Mr. Ren Zhiqiang has been appointed as a non-executive Director and a member of the Audit Committee since August 20, 2024, with extensive experience in various managerial roles at GWAMCC[30]. - Ms. Li Li Hua was appointed as an independent non-executive Director on March 15, 2025, and has over 23 years of experience in securities investment and capital markets[32]. - Mr. Moy Yee Wo Matthew, with over 20 years of finance industry experience, was appointed as an independent non-executive Director on March 15, 2025[33]. - Dr. Xie Wensi, appointed as an independent non-executive Director on March 15, 2025, specializes in corporate finance and has received the Young Researcher Award from The Chinese University of Hong Kong in 2021[37]. - The Company has a diverse board with members possessing extensive backgrounds in finance, management, and corporate governance, enhancing its strategic decision-making capabilities[30][32][33][37]. - The appointments of these directors reflect the Company's commitment to strong governance and expertise in financial management[30][32][33][37]. Financial Position and Liquidity - As of December 31, 2024, the Group's total cash and bank balances were approximately HK$209.3 million, down from HK$232.5 million as of December 31, 2023, representing a decrease of 10.0%[82]. - The Group's gearing ratio increased to 58.0% as of December 31, 2024, compared to 56.2% as of December 31, 2023, reflecting a 3.2% rise due to a decrease in shareholders' funds and an increase in bank borrowing[82]. - Net cash generated from operating activities for the year ended December 31, 2024, was HK$81.6 million, an increase from HK$79.4 million in 2023, primarily due to a decrease in accounts receivable by HK$1.6 million[87]. - Net cash used in financing activities for the year ended December 31, 2024, was HK$104.9 million, compared to HK$56.4 million in 2023, mainly due to the repayment of loans to an intermediate holding company of HK$900.0 million[89]. - The Group had outstanding principal of unsecured shareholder loans of HK$4,760.0 million as of December 31, 2024, down from HK$5,370.0 million as of December 31, 2023[82]. - The Group's investment property had a fair value of approximately HK$2,145.0 million as of December 31, 2024, which was pledged to secure a mortgage loan[86]. - The Group's main source of liquidity is recurring cash flows from property investment and financial services businesses[79]. - The financial services segment did not generate any revenue for the years ended December 31, 2024, and 2023, but the Group plans to explore opportunities in this area[56]. - The financial services segment reported an adjusted operating loss of HK$0.2 million for the year ended December 31, 2024, a substantial improvement from an adjusted operating loss of HK$1.7 million in 2023[72]. Employee and Workforce Management - The Group's total number of employees decreased to 9 as of December 31, 2024, from 12 in 2023, reflecting adjustments in its workforce[94]. - The Group's liquidity position remains adequate to support business activities, with all licensed subsidiaries complying with liquidity requirements under the Securities and Futures (Financial Resources) Rules[83]. - The Company believes that gender diversity enhances Board creativity and supports business development[158]. - All Directors participated in continuous professional development programs during the year ended December 31, 2024[196]. - Training areas for Directors included Corporate Governance, Legal and Regulatory, and Group's Business[198].

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 122,056,000, representing a slight increase of 0.23% from HKD 121,782,000 in 2023[7]. - The company reported a net loss of HKD 84,138,000 for the year, compared to a profit of HKD 284,850,000 in the previous year, indicating a significant decline[8]. - Basic and diluted loss per share for the year was HKD 5.37, compared to earnings per share of HKD 18.17 in the previous year[8]. - The total comprehensive income for the year 2024 was HKD 187,085,000, a significant decrease of 87.8% compared to HKD 1,425,215,000 in 2023[48]. - The group's share of net profit attributable to equity holders from Everwell City was HKD 56,150,000 in 2024, down 86.8% from HKD 426,300,000 in 2023[48]. - The company recorded a significant loss attributable to equity holders of HKD 84.1 million for the year, a decrease of approximately 129.5% compared to a profit of HKD 284.9 million in 2023[71]. Assets and Liabilities - Total assets as of December 31, 2024, amounted to HKD 9,635,754,000, up from HKD 9,480,251,000 in 2023, marking an increase of 1.64%[5]. - Total liabilities increased to HKD 5,718,346,000 from HKD 5,478,705,000, representing a rise of 4.38%[5]. - The company's equity decreased to HKD 3,917,408,000 from HKD 4,001,546,000, a decline of 2.09%[5]. - Current liabilities rose significantly to HKD 24,325,493,000 in 2024, compared to HKD 14,090,610,000 in 2023, marking an increase of 72.6%[47]. - The company's total liabilities increased to HKD 24,739,928,000 in 2024 from HKD 24,573,159,000 in 2023, indicating a rise of 0.7%[47]. Cash Flow and Financing - Cash and bank balances decreased to HKD 209,268,000 from HKD 232,523,000, a reduction of 9.97%[4]. - The company has secured a committed undrawn term loan facility of HKD 850,000,000 from a licensed bank in Hong Kong, maturing five years after April 26, 2024[13]. - The net cash generated from operating activities for the year ended December 31, 2024, was HKD 81.6 million, an increase from HKD 79.4 million in 2023, primarily due to a decrease in accounts receivable by HKD 1.6 million[100]. - The net cash used in financing activities for the year ended December 31, 2024, was HKD 104.9 million, compared to HKD 56.4 million in 2023, largely due to loan repayments of HKD 900.0 million and interest payments of HKD 53.9 million[102]. - The group has pledged investment properties valued at approximately HKD 2,145.0 million and bank deposits of HKD 12.4 million as collateral for mortgage loans as of December 31, 2024[98]. Investment Properties - Investment property fair value gains increased to HKD 131,648,000 from HKD 74,533,000, reflecting a growth of 76.5%[7]. - The company’s investment properties had a fair value of HKD 3,469,900,000 as of December 31, 2024, compared to HKD 3,328,900,000 in 2023, an increase of 4.23%[41]. - Fair value gains from investment properties reached HKD 131,648,000 in 2024, up from HKD 74,533,000 in 2023, reflecting an increase of 76.5%[41]. - The capitalization rate for investment properties ranged from 2.00% to 5.00%, compared to 2.50% to 3.90% in the previous year, indicating potential impacts on property valuations[77]. - The group remains confident in the ongoing success of its diversified investment property strategy, which is expected to provide sustainable returns to shareholders[78]. Segment Performance - The financial services segment has ceased regulated activities under the Securities and Futures Ordinance, with applications submitted to reduce and revoke certain licenses[27]. - The financial services segment has not generated any revenue during the reporting period, consistent with the previous year[28]. - Reported segment profit for property investment was HKD 148,147,000 in 2024, compared to HKD 83,597,000 in 2023, indicating a significant increase of 77.3%[35]. - Adjusted operating profit for the property investment segment increased by 15.1% to HKD 60.3 million in 2024 from HKD 52.4 million in 2023, primarily due to reduced operating expenses[85]. - The financial services segment reported an adjusted operating loss of HKD 0.2 million for the year ended December 31, 2024, a substantial improvement from a loss of HKD 1.7 million in 2023, indicating an 88.2% reduction in losses[89]. Corporate Governance and Compliance - The audit committee held three meetings during the year ending December 31, 2024, and reviewed the consolidated annual results, confirming compliance with applicable accounting standards[113]. - The remuneration committee conducted one meeting during the year ending December 31, 2024, with a majority of its members being independent non-executive directors[114]. - The nomination committee also held one meeting during the year ending December 31, 2024, with a composition that includes independent non-executive directors[115]. - The company has adopted written guidelines for securities trading by directors, confirming compliance throughout the year[117]. - The board will continue to review its meeting arrangements to ensure compliance with corporate governance codes[111]. Future Outlook - The group anticipates a 2.5% growth in real local GDP for 2024, supported by a strategically positioned community commercial asset portfolio despite challenges in the economic environment[105]. - The group aims to leverage the "Guangdong-Hong Kong-Macao Greater Bay Area" strategic opportunities to expand domestic business and enhance synergies with its controlling shareholder, China Great Wall Asset Management Co., Ltd.[107]. - The group continues to explore opportunities for developing its financial services segment despite no revenue generated from this division in the current fiscal year[80].

Financial Performance - The Group's revenue for the six months ended June 30, 2024, was HK$60.9 million, a slight decrease of 0.5% compared to HK$61.2 million in the same period of 2023[7]. - Adjusted operating profit increased by 3.1% to HK$36.4 million from HK$35.3 million year-on-year[7]. - Operating profit surged by 86.3% to HK$115.3 million, up from HK$61.9 million in the previous year[7]. - Profit attributable to equity holders plummeted by 97.2% to HK$4.5 million, down from HK$162.4 million in the same period last year[8]. - Earnings per share decreased to HK0.3 cents for the six months ended June 30, 2024, compared to HK10.4 cents for the same period in 2023[8]. - The Group's profit before income tax was HK$7.0 million, a significant decline from HK$165.1 million in the same period last year[7]. - The Group's total operating expenses, including depreciation and rental, showed a mixed trend with some costs increasing while others decreased[7]. - Excluding the revaluation gain of investment properties, the loss attributable to equity holders was HK$74.3 million, representing a year-on-year decrease of 154.6%[10]. - The Group's profit attributable to equity holders for the first half of 2024 was HK$86.3 million, a substantial increase from HK$39.4 million in the first half of 2023[22]. - The total comprehensive income for the six months ended June 30, 2024, was HK$4,310,000, down from HK$161,887,000 in the same period of 2023[91]. Investment Properties - The fair value gain on investment properties was HK$78.8 million, significantly higher than HK$26.3 million in the previous year[7]. - The Group's investment properties contributed a steady income stream of approximately HK$60.9 million for the six months ended June 30, 2024, compared to HK$61.2 million for the same period last year, reflecting a decrease of 0.5%[14]. - The fair value gain of the Group's investment properties increased by 199.6% to HK$78.8 million for the six months ended June 30, 2024, compared to HK$26.3 million for the same period in 2023[16]. - The Group's investment property portfolio remained diversified and stable during the reporting period, with no significant changes noted[13]. - The carrying amount of investment properties as of June 30, 2024, was HK$2,091,000,000, which has been pledged for bank borrowing[113]. - The fair value of investment properties increased to HK$3,411,900,000 as of June 30, 2024, up from HK$3,328,900,000 at the end of 2023, reflecting a fair value gain of HK$78,789,000[110]. - The Group's share of profits from associates decreased to HK$64.8 million for the six months ended June 30, 2024, down from HK$231.4 million for the same period in 2023[16]. Financial Position - As of June 30, 2024, the Group's cash and bank balances totaled approximately HK$191.2 million, down 17.8% from HK$232.5 million as of December 31, 2023[35]. - The Group's gearing ratio as of June 30, 2024, was 56.1%, slightly down from 56.2% as of December 31, 2023, indicating a stable financial position[36]. - The outstanding principal of unsecured shareholder loans decreased to HK$4,470.0 million as of June 30, 2024, from HK$5,370.0 million as of December 31, 2023[36]. - The Group's current ratio decreased to 0.04 as of June 30, 2024, from 0.05 as of December 31, 2023, indicating a tightening liquidity position[35]. - The company reported a net current liability of HK$5,328,701,000 as of June 30, 2024, which included loans from an intermediate holding company and bank borrowing totaling HK$4,470,000,000 and HK$848,607,000, respectively[95]. - The total liabilities increased to HK$5,577,697,000, up from HK$5,478,705,000, representing a rise of 1.81%[87]. - Total equity reached HK$4,005,856,000, a slight increase from HK$4,001,546,000, indicating a growth of 0.01%[87]. Financing Activities - Net finance costs increased to HK$173.1 million, compared to HK$128.2 million in the same period last year, reflecting a 35.0% rise[7]. - The Group's financing cash outflow increase was primarily due to bank borrowing proceeds of HK$850 million offset by a loan repayment of HK$900 million[39]. - The company entered into a loan agreement on April 26, 2024, for a committed term loan facility with a principal amount of up to HK$850,000,000 for a period of 364 days[69]. - A second loan agreement was also established on April 26, 2024, with the same principal amount of up to HK$850,000,000, but for a period of 5 years[69]. - The company has no available undrawn banking facilities as of June 30, 2024[128]. Corporate Governance - The Board resolved not to declare any interim dividend for the six months ended June 30, 2024, consistent with the previous year[42]. - The Audit Committee reviewed the unaudited condensed consolidated financial information for the six months ended June 30, 2024, ensuring compliance with applicable accounting standards[53]. - The Board has established three committees: Audit, Remuneration, and Nomination, to enhance corporate governance[67]. - All Directors confirmed compliance with the Model Code for securities transactions throughout the six months ended June 30, 2024[60]. - The Remuneration Committee consists of two independent non-executive Directors and one executive Director, ensuring a majority of independent members[58]. Economic Environment - Hong Kong's GDP grew by 2.7% year-on-year since the relaxation of pandemic measures in early 2023, indicating a rebound in the economy[46]. - The Board considers the overall financial and business positions of the Group to remain healthy despite challenges in the global macroeconomic environment[47].

Financial Performance - The company reported a net profit of HKD 4,518,000 for the six months ended June 30, 2024, a significant decrease from HKD 162,425,000 for the same period in 2023, representing a decline of approximately 97.22%[3][4] - The earnings per share (EPS) for the period was HKD 0.29, down from HKD 10.36 in the previous year, indicating a decrease of approximately 97.19%[4] - Total revenue for the six months ended June 30, 2024, was HKD 60,948,000, a decrease of 0.46% from HKD 61,228,000 for the same period in 2023[10] - The total comprehensive income for the period was HKD 215,774,000, significantly lower than HKD 773,675,000 reported for the same period last year[18] - The profit attributable to equity holders was HKD 4.5 million, a decrease of 97.2% compared to HKD 162.4 million for the same period in 2023[36] Assets and Liabilities - The total assets as of June 30, 2024, amounted to HKD 9,583,553,000, an increase from HKD 9,480,251,000 as of December 31, 2023, representing a growth of approximately 1.09%[1][2] - The total liabilities as of June 30, 2024, were HKD 5,577,697,000, compared to HKD 5,478,705,000 as of December 31, 2023, indicating a slight increase of approximately 1.81%[2] - The total equity as of June 30, 2024, was HKD 4,005,856,000, slightly up from HKD 4,001,546,000 as of December 31, 2023, indicating a marginal increase of approximately 0.09%[2] - The company's current liabilities included loans from intermediate holding companies amounting to HKD 4,470,000,000 as of June 30, 2024, down from HKD 5,370,000,000 at the end of 2023, a reduction of about 16.73%[2][5] Investment Properties - Non-current assets, specifically investment properties, increased to HKD 3,411,900,000 from HKD 3,328,900,000, reflecting a rise of about 2.49%[1][2] - The fair value gain on investment properties was HKD 78,789,000, a substantial increase from HKD 26,295,000 in the prior year, reflecting a growth of approximately 199.66%[3] - As of June 30, 2024, the fair value of investment properties increased to HKD 3,411,900,000 from HKD 3,328,900,000 as of December 31, 2023, reflecting a fair value gain of HKD 78,789,000 compared to HKD 74,533,000 in the previous period[14] - The capitalization rate for investment properties ranged from 2.50% to 4.10% as of June 30, 2024, compared to 2.50% to 3.90% as of December 31, 2023[38] Cash Flow and Financing - The net cash generated from operating activities for the first half of 2024 was HKD 34.7 million, down from HKD 39.3 million in the same period of 2023, primarily due to increased prepaid expenses and receivables[51] - The net cash used in financing activities increased to HKD 79.5 million for the first half of 2024, compared to HKD 24.8 million in the same period of 2023, driven by the repayment of loans from the intermediate holding company[53] - The group has bank borrowings of HKD 848,607,000 as of June 30, 2024, with a repayment due before March 2025[24] Segment Performance - The property investment segment generated a net profit of HKD 86,310,000 for the six months ended June 30, 2024, compared to HKD 39,351,000 for the same period in 2023, indicating a significant increase[10][11] - The financial services segment reported no revenue for the six months ended June 30, 2024, consistent with the previous period[10] - The adjusted operating profit for the property investment segment was HKD 31.4 million for the six months ended June 30, 2024, slightly down from HKD 31.6 million in the same period of 2023[41] Corporate Governance and Strategy - The board believes that maintaining good corporate governance is essential for protecting shareholder interests and enhancing corporate value[58] - The company aims to leverage the "Guangdong-Hong Kong-Macao Greater Bay Area" strategy to expand domestic business and enhance synergies with its major shareholder, China Great Wall Asset (International) Holdings Limited[57] - The group continues to focus on maintaining the stability of its existing investment property portfolio amid economic uncertainties[38] Employee and Operational Updates - As of June 30, 2024, the group had a total of 11 employees, down from 15 employees as of June 30, 2023[54] - The company is actively communicating with an intermediate holding company and banks to secure necessary loans and new financing for capital expenditures and operations[5][6] Market and Economic Context - Hong Kong's GDP grew by 2.7% year-on-year in 2024, following the easing of border restrictions in early 2023, contributing to stable performance despite challenges[56] - The group successfully diversified its tenant portfolio and improved leasing performance during the fiscal period, providing stable income from investment properties[57]