6月3日，截至港股收盘，恒生指数上涨1.53%，报23512.49点。意力国际（00585.HK）收报0.52港元/ 股，上涨70.49%，成交量409.39万股，成交额176.74万港元，振幅70.49%。 最近一个月来，意力国际累计涨幅1.67%，今年来累计涨幅0%，跑输恒生指数15.44%的涨幅。 财务数据显示，截至2024年12月31日，意力国际实现营业总收入3615.91万元，同比减少20.37%；归母 净利润-1728.45万元，同比减少45.31%；毛利率95.54%，资产负债率2.43%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，其他金融行业市盈率（TTM）平均值为22.88倍，行业中值-0.17倍。意力国际市盈 率-13.56倍，行业排名第101位；其他东方汇财证券（08001.HK）为1.93倍、招商局中国基金 （00133.HK）为2.19倍、国银金租（01606.HK）为3.22倍、香港信贷（01273.HK）为3.4倍、中关村科 技租赁（01601.HK）为3.64倍。 资料显示，意力国际控股有限公司('意力')是香港联合交易所有限公司主板上市的公司(港交所 ...

Financial Performance - For the year ended December 31, 2024, the Group recorded a revenue of approximately HK$39 million, representing a decrease of approximately 20% compared to the financial year of 2023[16]. - The net loss attributable to shareholders for the year was approximately HK$19 million, an increase of approximately HK$6 million from approximately HK$13 million for the corresponding period in 2023[16]. - The overall retail market performance remained depressed in 2024, with many retail entities going out of business due to low consumer confidence[16]. - The net loss attributable to shareholders for the year was approximately HK$19 million, an increase from a net loss of approximately HK$13 million in 2023, primarily due to a 38% decrease in revenue from securities brokerage and money lending businesses[89][92]. - The Group's bank balances totaled approximately HK$22 million as of December 31, 2024, down from approximately HK$31 million in 2023, with a current ratio of approximately 26 times compared to 13 times in 2023[94][99]. - The market value of the Company as of December 31, 2024, was approximately HK$253 million, a significant decrease from approximately HK$1,220 million in 2023[104][108]. - The consolidated net asset value attributable to shareholders per share as of December 31, 2024, was approximately HK$0.67, down from approximately HK$0.84 in 2023[105][108]. Business Strategy - The Company plans to focus on consolidating its existing business rather than pursuing rapid expansion, particularly in its integrated financial services business[20]. - The Group's cautious approach to business development will prioritize stability over aggressive growth strategies in the current economic climate[20]. - The Company plans to exit the corporate finance business by surrendering its Type 6 license effective February 11, 2025, due to minimal business activity since inception[25]. - The Group intends to make equity investments for long-term purposes, aiming to realize their performance over the long run[38]. - The Group will continue to monitor market dynamics and adjust strategies accordingly in its financial services expansion[25]. - The management is committed to maintaining momentum in expanding financial services and securities brokerage operations, which are expected to remain core and profitable[54]. Market Outlook - The Group anticipates gradual improvement in the business environment in Hong Kong and China for 2025, driven by easing credit policies and government financial incentives[22]. - The Company expects the high interest rate regime to peak in 2025 and begin to reverse in the second half of the year, which may improve the global economic and financial market environment[22]. - Recent successes in entertainment, such as the "PS5 game-Black Wukong" and the animated film "Ne Zha 2," are expected to positively impact the Chinese market and overall economy[22]. - The securities brokerage and related services sector is expected to improve performance in 2025, remaining a significant contributor to the Group's operations and profits[25]. Financial Services - The Integrated Financial Services remains the core business of the Group, which includes securities brokerage, asset management, and money lending services[39]. - The securities brokerage and asset management segment generated total revenue of approximately HK$26 million for the Group[53]. - Imagi Brokerage is a key contributor to the Group's business, expected to generate revenue through various financial services[48]. - The Group aims to attract more customers through acquisitions and strategic alliances with local securities brokerage firms[52]. - The management believes that the securities brokerage operations will continue to be a sustainable business in the foreseeable future[56]. - Imagi Lenders focuses on providing sizeable loans to niche customers, including corporate clients and high-net-worth individuals[58]. - The loan approval process includes a thorough credit assessment based on various factors, including market conditions and borrower financial strength[63]. - Imagi Lenders has established internal control policies to monitor credit risk continuously[60]. - Total interest income generated from the money lending business was approximately HK$6 million, with interest rates ranging from 4% to 12% per annum[73]. - As of December 31, 2024, outstanding loans receivable amounted to approximately HK$154 million, owed by 13 customers[74]. - Approximately HK$11 million impairment allowances were provided on the outstanding loans receivable of approximately HK$154 million as of December 31, 2024[74]. Corporate Governance - The Company has complied with the Corporate Governance Code provisions during the Year under Review, enhancing accountability and transparency[137]. - The Company recognizes the importance of good corporate governance for stakeholders and has adopted the principles outlined in the Corporate Governance Code[136]. - The Company has established a robust corporate governance framework to support its strategic objectives and stakeholder interests[142]. - The Board consists of a minimum of three independent non-executive Directors, representing at least one-third of the Board, ensuring high standards of financial reporting and safeguarding shareholder interests[146]. - Each independent non-executive Director has provided written annual confirmation of their independence, in compliance with Listing Rules[147]. - The Company has established a Board Diversity Policy to enhance decision-making by incorporating diverse perspectives, focusing on measurable objectives[178]. - The Nomination Committee is responsible for reviewing the structure and composition of the Board at least annually to ensure a balanced and diverse profile[186]. - The Company recognizes that gender diversity at the Board level enhances governance and corporate performance[188]. Human Resources - The total staff cost for Directors and employees for the year amounted to approximately HK$17 million, unchanged from 2023[112]. - The Group employed 37 employees as of December 31, 2024, down from 40 employees in the previous year[114]. - The Group's compensation policy is regularly reviewed to ensure compliance with local labor laws and market practices[114]. - Eligible employees may receive bonuses and stock options based on individual performance and the Group's business performance[114]. - The Company is committed to maintaining a competitive compensation structure to attract and retain talent[114]. - Continuous professional development is encouraged for all directors to keep their knowledge and skills relevant[171]. - The Company aims to maintain a minimum percentage of female representation on the Board of at least 25%, with current female Directors representing 33.3% of the total Board members[192]. - As of December 31, 2024, the workforce consists of 46% male employees and 54% female employees, reflecting the Company's commitment to gender diversity[193].

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 39,047,000, a decrease of 20.4% compared to HKD 49,033,000 in 2023[4] - Brokerage commission and settlement fee income decreased to HKD 1,058,000 from HKD 1,942,000, representing a decline of 45.4%[2] - Interest income from margin clients dropped to HKD 22,802,000, down 38.1% from HKD 36,809,000 in the previous year[2] - The net gain from the sale of financial assets classified as held for trading was HKD 5,031,000, compared to a loss of HKD 3,685,000 in 2023[4] - The company reported a total operating loss of HKD 18,415,000, an increase of 49.4% from a loss of HKD 12,348,000 in the prior year[4] - The net loss for the year was HKD 18,954,000, compared to a net loss of HKD 15,337,000 in 2023, reflecting a 17.3% increase in losses[4] - The pre-tax consolidated loss for the year ended December 31, 2024, was HKD 18,840,000, compared to a loss of HKD 12,845,000 in 2023, indicating a significant increase in losses[34] - Pre-tax loss attributable to the company was HKD 18,665,000 for 2024, compared to HKD 12,845,000 in 2023, reflecting an increase in loss of 45%[43] - The net loss attributable to shareholders for the review year was approximately HKD 19,000,000, compared to a net loss of approximately HKD 13,000,000 in the corresponding fiscal year 2023, primarily due to a 38% decrease in revenue from securities brokerage and lending businesses[92] Assets and Liabilities - Total assets decreased to HKD 1,080,005,000 from HKD 1,286,554,000, a decline of 16.0%[10] - The company's net asset value fell to HKD 687,474,000 from HKD 832,988,000, a decrease of 17.4%[12] - The total assets as of December 31, 2024, amounted to HKD 704,562,000, down from HKD 869,254,000 in 2023, representing a decrease of 19.0%[34] - The total liabilities decreased to HKD 17,088,000 from HKD 36,266,000, a reduction of 52.9% year-over-year[34] - Accounts payable decreased to HKD 10,290,000 in 2024 from HKD 23,189,000 in 2023, showing a reduction in liabilities related to securities brokerage activities[69] - The group has no bank or other borrowings as of December 31, 2024, resulting in a debt-to-equity ratio of zero[93] Revenue Segments - The brokerage and asset management segment generated revenue of HKD 25,869,000, down 38.0% from HKD 41,774,000 in the previous year[33] - The financing segment reported a revenue of HKD 6,290,000, a decrease from HKD 10,198,000, reflecting a decline of 38.5%[35] - Total other income for the year ended December 31, 2024, was HKD 1,084,000, a decrease of 66% from HKD 3,184,000 in 2023[38] - The lending business generated total interest income of approximately HKD 6,000,000, with interest rates ranging from 4% to 12%[85] - The securities investment segment recorded realized gains of approximately HKD 5,000,000 from the sale of listed equity investments, with unrealized losses of approximately HKD 3,000,000[87] Expenses - The company experienced a significant increase in administrative expenses, totaling HKD 39,599,000, compared to HKD 39,022,000 in 2023[4] - Total employee costs for 2024 were HKD 17,108,000, slightly up from HKD 17,061,000 in 2023[41] - Total employee costs for the review year were approximately HKD 17,000,000, consistent with the previous year[114] Investments and Financing - The company held trading investments valued at HKD 13,396,000 as of December 31, 2024, down from HKD 22,260,000 in 2023, indicating a significant decrease in trading investment holdings[67] - The company has unused loan commitments of HKD 10,000,000 as of December 31, 2024, significantly down from HKD 32,900,000 in 2023, indicating a tightening of credit availability[71] - The total outstanding loans as of December 31, 2024, amounted to HKD 154,154,000, up from HKD 85,184,000 in 2023[60] - The largest single loan accounted for 10% of the total outstanding loans, increasing from 16% in 2023[62] - The company has not utilized its margin financing amounting to approximately HKD 2,392,000 as of December 31, 2024, down from HKD 5,589,000 in 2023[67] Corporate Strategy and Future Outlook - The company plans to exit the corporate finance advisory service line by relinquishing its license in February 2025 due to underperformance in that segment[76] - The company continues to focus on its core business of integrated financial services, which includes securities brokerage and related financial advisory services, asset management, and lending services[76] - The company has decided to develop its film distribution rights business starting from 2023, which will be reported under the entertainment segment[76] - The company remains optimistic about the long-term prospects of the film industry despite the cautious approach to future film investment opportunities[90] - The company anticipates improvements in the financial services business environment in Hong Kong and China, driven by regulatory relaxations and government stimulus measures[103] Regulatory and Reporting Changes - The group has adopted revised Hong Kong Financial Reporting Standards and Hong Kong Accounting Standards effective from January 1, 2024, which do not have a significant impact on the financial position and performance for the current and prior years[17] - The amendments clarify the classification of liabilities as current or non-current based on rights existing at the end of the reporting period, regardless of management's intentions[24] - The revised standards require disclosure of supplier financing arrangements to assess their impact on liabilities and cash flows, enhancing transparency for financial statement users[21] - The accounting impact of the cancellation of the MPF offsetting mechanism for long service payments will not have a significant effect on the consolidated financial statements for the years ending December 31, 2024, and December 31, 2023[28] - The management is currently assessing the potential impacts of new and revised Hong Kong Financial Reporting Standards that have not yet come into effect[73] Shareholder Information - The company reported a basic and diluted loss per share of HKD 0.02, unchanged from the previous year[8] - The company did not declare or propose any dividends for the year ended December 31, 2024, consistent with 2023[39] - The board did not recommend the payment of a final dividend for the review year[100] - The company's market capitalization as of December 31, 2024, was approximately HKD 253,000,000, down from approximately HKD 1,220,000,000 in 2023[97] Employment and Corporate Governance - The group employed 37 employees as of December 31, 2024, compared to 40 employees as of December 31, 2023, maintaining 6 directors in both years[114] - The annual general meeting is scheduled for June 19, 2025, with a suspension of share transfer registration from June 16 to June 19, 2025[119] - The annual results announcement and the 2024 annual report will be published on the Hong Kong Stock Exchange and the company's website[121]

Financial Performance - For the six months ended June 30, 2024, Imagi Brokerage generated approximately HK$1.1 million from asset management services and HK$15.3 million in interest income from margin clients[13]. - The Company reported a challenging environment affecting its brokerage's asset management services[13]. - The consolidated net loss attributable to shareholders for the review period was approximately HK$11.5 million, compared to a net profit of approximately HK$4 million in the previous period[35]. - Total revenue for the six months ended June 30, 2024, was HK$26,637,000, a decrease of 19% compared to HK$32,899,000 in the same period of 2023[103]. - The company reported a loss for the period of HK$11,276,000, compared to a profit of HK$4,941,000 in the same period of 2023[105]. - Total comprehensive expense for the period attributable to owners of the Company was HK$117,068,000, compared to HK$30,254,000 in the same period of 2023, representing an increase of 287%[108]. - The loss for the period attributable to owners of the Company was HK$11,459,000, a significant decline from a profit of HK$4,064,000 in 2023[107]. Revenue Breakdown - Revenue from the money lending business decreased by approximately 46% from approximately HK$5.8 million in the previous period to approximately HK$3.1 million in the review period, with an impairment loss of approximately HK$3.9 million recognized[23][25]. - The overall segment revenue for securities brokerage and asset management was approximately HK$18.7 million, down from approximately HK$26.7 million in the previous period, while segment results were approximately HK$6.6 million compared to HK$19.6 million previously[17][20]. - Revenue from the securities brokerage and asset management segment decreased by approximately 30%, while revenue from the provision of finance segment decreased by approximately 46% during the review period[35]. - Interest income on margin clients was HK$17,173,000, down from HK$23,845,000 in 2023, representing a decline of 28.4%[171]. - Asset management fee income decreased to HK$1,086,000 from HK$2,170,000, reflecting a drop of 50%[171]. Asset Management and Investments - The Group's strategic goal focuses on developing Integrated Financial Services, with investments in local financial service firms totaling approximately HK$310.9 million, which recognized unrealized losses of approximately HK$112 million for fair value changes[28]. - The fair value of the investment in Hope Capital Limited was approximately HK$124.8 million, representing about 16.78% of the Group's total assets, with an unrealized loss of approximately HK$70.8 million for fair value changes[28]. - The Group has started engaging in film distribution license rights and variety entertainment shows since the second half of 2023[51]. - The Group invested approximately HK$16.9 million in four proposed films under the Film Investment Agreements, with three films screened and one in post-production[31]. Financial Position - The Group's bank balances as of June 30, 2024, amounted to approximately HK$18 million, down from approximately HK$31 million as of December 31, 2023[37]. - The current ratio remained stable at approximately 13 times as of June 30, 2024, consistent with the previous period[37]. - The Group had no bank or other borrowings as of June 30, 2024, resulting in a gearing ratio of zero[37]. - The unaudited consolidated net asset value per share attributable to shareholders was approximately HK$0.70 as of June 30, 2024, down from approximately HK$0.84 as of December 31, 2023[38]. - The total assets less current liabilities decreased to HK$712,509,000 from HK$833,527,000, a decline of 14.5%[113]. Operational Changes and Strategy - The Company will continue to suspend production efforts in the CGI business while maintaining distribution efforts, indicating a strategic shift in focus[29]. - The Group is adopting a cautious approach towards new business ventures and expansion plans due to the uncertain economic environment, including high interest rates and geopolitical tensions[18][21]. - The Company plans to expand its Integrated Financial Services businesses, including securities brokerage, futures trading, and corporate finance advisory services[45]. - The Company intends to enter the mass market in its next phase of expansion to diversify its business portfolio[50]. Shareholder Information - The total number of issued shares as of June 30, 2024, is 829,921,572[76]. - The Board does not recommend the payment of an interim dividend for the period under review, consistent with the previous year where no interim dividend was paid[68][69]. - As of June 30, 2024, Oshidori International Holdings Limited holds 141,882,200 shares, representing 17.1% of the company's issued share capital[75]. Accounting and Compliance - The financial statements have been prepared in accordance with the same accounting policies as the 2023 annual financial statements, ensuring consistency in reporting[122]. - The Company has amended and restated its bye-laws to align with the latest regulatory requirements and to provide flexibility for hybrid and electronic meetings, effective from June 26, 2024[65][67]. - The Group has changed its accounting policy regarding LSP liability due to the abolition of the MPF-LSP offsetting mechanism, with no material impact on the consolidated financial statements for the year ended December 31, 2023, and the six months ended June 30, 2024[146]. Fair Value Measurements - The fair value of listed equity securities in Hong Kong is HK$136,672,000, classified as Level 1 based on quoted market closing prices in an active market[158]. - The fair value of unlisted equity securities as of June 30, 2024, is HK$124,844,000, compared to HK$222,294,000 as of December 31, 2023, indicating a significant decrease[160]. - The Group's fair value loss for the six months ended June 30, 2024, was HK$79,854,000, compared to a fair value loss of HK$32,093,000 for the year ended December 31, 2023[168].

Financial Performance - Total revenue for the six months ended June 30, 2024, was HKD 26,637,000, a decrease of 19% compared to HKD 32,899,000 for the same period in 2023[2] - Brokerage commission and settlement fee income decreased to HKD 445,000 from HKD 685,000, representing a decline of 35%[1] - Asset management fee income fell to HKD 1,086,000, down 50% from HKD 2,170,000[1] - Interest income from margin clients decreased to HKD 17,173,000, a decline of 28% from HKD 23,845,000[1] - The company reported an operating loss of HKD 11,096,000 compared to an operating profit of HKD 6,187,000 in the previous year[2] - The net loss for the period was HKD 11,276,000, compared to a profit of HKD 4,941,000 in the same period last year[2] - Total comprehensive expenses for the period amounted to HKD 123,024,000, significantly higher than HKD 32,948,000 in the previous year[3] - The adjusted pre-tax loss for the group was HKD 11,276,000, reflecting a significant increase in total expenses, including employee costs of HKD 8,618,000[18] - The group reported a pre-tax profit of HKD 5,941,000 for the six months ended June 30, 2023, indicating a year-on-year performance improvement[21] - The group’s other income for the six months ended June 30, 2024, was HKD 910,000, a decrease from HKD 2,666,000 in the same period of 2023[24] - The company reported a basic loss per share of HKD 11,459,000 for the six months ended June 30, 2024, compared to a profit of HKD 4,064,000 for the same period in 2023[31] - The company reported a net loss attributable to shareholders of approximately HKD 11,500,000, compared to a net profit of approximately HKD 4,000,000 in the previous period, primarily due to a 30% and 46% decrease in revenue from the securities brokerage and asset management segments, respectively[67] Assets and Liabilities - The company's total assets decreased to HKD 712,509,000 from HKD 833,527,000, reflecting a reduction in net current assets[5] - Non-current liabilities increased, with lease liabilities rising to HKD 2,545,000 from HKD 539,000[5] - The company's equity attributable to owners decreased to HKD 583,025,000 from HKD 700,093,000[5] - The total assets of the group as of June 30, 2024, amounted to HKD 743,959,000, with segment assets distributed as follows: HKD 298,367,000 for securities brokerage, HKD 83,664,000 for asset management, HKD 304,613,000 for financing, and HKD 10,753,000 for entertainment[20] - The total liabilities of the group as of June 30, 2024, were HKD 33,995,000, with segment liabilities including HKD 27,318,000 for securities brokerage and HKD 1,215,000 for financing[20] - As of June 30, 2024, the total value of receivables was HKD 92,040,000, with expected credit loss provisions amounting to HKD 8,488,000[52] - The total margin loans receivable as of June 30, 2024, was HKD 281,354,000 (down from HKD 297,075,000 as of December 31, 2023), with a provision for impairment of HKD 19,161,000[44] - The expected credit loss rate for margin clients increased to 6.81% as of June 30, 2024, compared to 3.33% as of December 31, 2023[46] Investments - The company's investment in listed equity securities in Hong Kong was valued at HKD 136,672,000 as of June 30, 2024, a slight decrease from HKD 137,670,000 at the end of 2023[33] - The total value of non-listed equity investments was HKD 174,198,000 as of June 30, 2024, down from HKD 254,052,000 at the end of 2023[33] - The investment in Hope Capital Limited represented 16.78% of the company's total assets as of June 30, 2024, with a fair value of HKD 124,844,000[38] - The fair value of the investment in Hope Capital Limited was approximately HKD 124,800,000, representing about 16.78% of the group's total assets[65] Revenue Streams - The total segment revenue for securities brokerage and asset management was approximately HKD 18,700,000 and HKD 6,600,000, respectively, compared to HKD 26,700,000 and HKD 19,600,000 in the previous period[62] - Revenue from the lending business dropped by approximately 46% to about HKD 3,100,000 from HKD 5,800,000 in the previous period, with an impairment loss of approximately HKD 3,900,000 recognized[64] - The entertainment business generated revenue of approximately HKD 400,000 from film distribution rights during the review period[66] Operational Insights - The company continues to engage in comprehensive financial services, including securities brokerage and related financial advisory services[60] - The company maintains a cautious approach towards new business ventures and expansion plans due to the current unstable market conditions[62] - The company plans to enhance its integrated financial services business, focusing on expanding its underwriting and corporate finance advisory services while cautiously approaching market expansion due to challenging financial conditions[76][77] Cash Flow and Financing - As of June 30, 2024, the company's cash balance was approximately HKD 18,000,000, down from HKD 31,000,000 as of December 31, 2023, with a current ratio of approximately 13 times[68] - The company has not engaged in any capital raising activities during the review period[69] - As of June 30, 2024, the company had no bank borrowings, resulting in a debt-to-equity ratio of zero[68] - New loan financing issued by the company ranged from HKD 12,000,000 to HKD 20,000,000 in the six months ending June 30, 2024, with an interest rate of 7%[48] Accounting and Compliance - The company has not applied any new accounting standards or interpretations that have not yet come into effect during the reporting period[10] - The company expects to reflect changes in accounting policies in the annual financial statements for the year ending December 31, 2024[8] - The company has implemented revisions to accounting standards regarding the classification of liabilities and supplier financing arrangements, which will enhance financial statement disclosures[11] - The company has not recognized any tax provisions for the Hong Kong profits tax for the six months ended June 30, 2024, due to immaterial amounts[29] - The Dutch subsidiary is subject to a corporate tax rate of 19% on the first EUR 200,000 of taxable profits and 25.8% on the remaining profits, but no taxable profits were estimated for the period[29] Shareholder Information - No dividends were declared or proposed for the six months ended June 30, 2024, consistent with the previous year[30] - The company did not recommend any interim dividend for the review period, consistent with the previous period[75] - The total issued shares as of June 30, 2024, were 829,921,572, with a market capitalization of approximately HKD 324,000,000, significantly down from HKD 1,220,000,000 as of December 31, 2023[69]

Business Overview - The Group's principal business remains in Integrated Financial Services, investment holdings, CGI business, and entertainment business, with new activities in film distribution license rights and artiste management services introduced during the Year under Review [27]. - The Group's integrated financial services remain the core business, focusing on securities brokerage, margin financing, and asset management [112]. - The Group's entertainment business will seek additional opportunities in film investment and distribution, particularly in local films [82]. - The Group is developing film distribution license rights in Hong Kong/Macau and North America, and is investing in film production and variety shows [169][170]. Financial Performance - For the year ended December 31, 2023, the Group recorded a revenue of approximately HK$49 million, representing a decrease of 17% compared to the financial year of 2022 [74]. - The net loss attributable to the shareholders for the year under review was approximately HK$13 million [74]. - Revenue from interest income on loans receivable decreased from approximately HK$16 million to approximately HK$10 million, while total revenue from the securities brokerage and asset management segment dropped from approximately HK$49 million to approximately HK$42 million [196]. - The Group recorded a net realised loss of approximately HK$3.7 million from sales of listed equity investments and unrealised losses of approximately HK$20.9 million from changes in fair value of listed equity investments classified as held-for-trading for the Year under Review [133]. Dividend Policy - The Directors do not recommend the payment of a dividend for the Year under Review, consistent with the previous year where no dividend was declared [29]. - The Company is committed to balancing sufficient capital maintenance for business operations while rewarding shareholders, as outlined in its Dividend Policy [10]. - The Board will consider liquidity position, return on equity, and relevant financial covenants when determining dividend payments [13]. Risk Management and Internal Controls - The Company confirmed that its risk management and internal control systems are adequate and effective, as acknowledged by the Board following an annual review [4]. - The Company has engaged in ongoing reviews of key financial, operational, and compliance controls, with findings presented to the Audit Committee for endorsement [3]. - The Group has established internal control policies to monitor credit risk in its money lending business [122]. Market Conditions and Future Outlook - The Company anticipates that the overall business environment in Hong Kong and China will gradually improve in 2024 [65]. - The Company expects that the high interest rate regime has peaked and will begin to reverse in the second half of 2024 [65]. - The challenging economic environment was influenced by a plummeting property market in China and high inflation rates globally [74]. - The Group anticipates that the performance of its securities brokerage and related services will continue to improve in 2024, contributing significantly to operations and profits [79]. - The Company expects gradual improvement in the business environment in Hong Kong and China in 2024, driven by easing regulatory measures and stabilizing property markets [103]. Loan and Lending Business - The Group generated total new loan principal of HK$170.2 million and interest income of approximately HK$10 million during the Year under Review [107]. - Outstanding margin loans receivable from the securities brokerage business amounted to approximately HK$297 million as of December 31, 2023, with approximately HK$10 million impairment allowances provided [143]. - The management remains confident that the lending business will continue to provide stable and substantial returns in the future [67]. - The management is confident that the money lending business will continue to provide steady and attractive returns in the future [107]. - The total loan principal drawdown during the Year under Review was HK$170.2 million, with new loan facilities ranging from HK$0.1 million to HK$13 million [160][161]. Impairment and Provisions - Impairment allowances on margin loans receivable and loans receivable increased due to the deteriorating market environment [74]. - The increase in impairment provisions for margin loans and receivables in 2023 was attributed to a weak market environment and expectations [101]. - Impairment allowances of approximately HK$4.6 million were provided on the outstanding loans receivable as of December 31, 2023 [160][161]. Corporate Governance - The Company is committed to enhancing corporate governance and promoting an ethical corporate culture [64]. - The management will take appropriate actions on overdue loans on a case-by-case basis, ensuring effective loan monitoring and repayment collection [128]. Employee Costs - Employee costs for the year amounted to approximately HK$17 million, an increase from approximately HK$15 million in 2022 [187].

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 49,033,000, a decrease of 16.5% compared to HKD 58,874,000 in 2022[2] - The company reported a net loss of HKD 15,337,000 for the year, compared to a net loss of HKD 14,579,000 in the previous year, indicating a slight increase in losses[14] - The company reported a net loss attributable to owners of HKD 12,845,000 for the year, compared to a loss of HKD 10,972,000 in the previous year, indicating an increase in losses of approximately 16.1%[33] - The company reported a basic and diluted loss per share of HKD 0.11, compared to HKD 0.10 in the previous year[14] - The group reported a basic loss per share of HKD (12,845,000) for the year ended December 31, 2023, compared to HKD (10,972,000) in 2022[124] Revenue and Income Sources - Interest income from margin clients increased to HKD 36,809,000, up from HKD 26,209,000, representing a growth of 40.5%[6] - Revenue from brokerage-related commission and settlement fees was HKD 1,942,000, down from HKD 2,431,000, a decrease of approximately 20.2%[63] - The total segment revenue was HKD 49,033,000, down from HKD 58,874,000, indicating a decrease of approximately 16.5% year-over-year[64] - Interest income from financial assets measured at amortized cost totaled HKD 47,485,000 for the year ended December 31, 2023, up from HKD 42,029,000 in 2022, representing an increase of about 10.4%[92] - The company’s securities brokerage business is expected to continue being a core and profitable segment, contributing significantly through various income streams[181] Expenses and Costs - The cost of revenue totaled HKD 697,000, down from HKD 1,607,000 in 2022, reflecting a significant reduction in costs[2] - Administrative expenses rose to HKD 39,022,000, compared to HKD 35,510,000 in 2022, indicating a 4.2% increase[2] - The total employee costs for the year amounted to HKD 17,061,000, an increase from HKD 15,239,000 in 2022[121] - The group’s income tax expense for the year was HKD 2,492,000, compared to HKD 3,726,000 in 2022[122] Assets and Liabilities - The total assets decreased to HKD 833,527,000 from HKD 939,153,000, reflecting a decline of 11.3%[15] - The company's equity decreased to HKD 832,988,000 from HKD 937,455,000, a reduction of 11.1%[18] - The net current assets were reported at HKD 422,349,000, down from HKD 755,150,000, representing a significant decrease of approximately 44.1%[35] - The total liabilities of the company amounted to HKD 36,266,000 as of December 31, 2023[83] - The group’s total assets as of December 31, 2023, included investments in Hope Capital Limited, with a fair value of HKD 195,614,000, representing approximately 22.5% of the group's total assets[1] Investments and Equity Interests - The company plans to continue focusing on its entertainment segment, which includes film rights investment and artist management services[29] - The company’s equity interest in Entity B decreased from 4.70% as of December 31, 2022, to 4.22% as of December 31, 2023, due to the issuance of new shares by Entity B[106] - The group’s equity interest in Hope Capital decreased from 17.39% as of December 31, 2022, to 16.79% as of December 31, 2023, due to the issuance of new shares[129] - The group further invested HKD 23,904,000 in Entity C, maintaining an 8% equity interest as of December 31, 2023[131] - The group acquired 10,000,000 shares of Entity D for HKD 25,000,000, resulting in an 8.53% equity interest as of December 31, 2023[132] Credit and Loan Management - The expected credit loss rate for margin loans is 0.14%, with margin loans amounting to HKD 297,075,000 as of December 31, 2023, down from HKD 476,887,000 in 2022[113] - The group incurred a realized loss of HKD 3,685,000 from the sale of listed equity investments during the year, compared to HKD 7,887,000 in 2022[121] - The expected credit loss provisions for stage 1 and stage 2 loans were HKD 151,894 million and HKD 22,731 million respectively as of January 1, 2023[146] - The overdue loans situation indicates a shift in the company's credit risk management, with a notable increase in loans overdue for more than one month[166] - The group maintained strict monitoring of outstanding receivables to minimize credit risk[161] Future Outlook and Strategic Plans - The management anticipates that the overall business environment in Hong Kong and China will gradually improve in 2024, driven by easing credit policies and stabilization in the real estate market[197] - The board believes that acquisitions or strategic alliances with local brokerage firms will enhance the client base and service offerings[182] - The company is exploring opportunities for collaboration with other brokerage firms to enhance service quality and client base[182] - The management believes that the computer imaging business will not be profitable in the short term and will allocate minimal resources to maintain it until significant improvements are observed[200] Miscellaneous - The company did not declare or propose any dividends for the year ended December 31, 2023, consistent with the previous year where no dividends were declared[69] - The company has not adopted any new accounting standards that would have a significant impact on its financial statements for the current year[45] - The company has not engaged in any equity fundraising activities during the review year[193] - The company has suspended production activities in the computer imaging business, focusing only on distribution until there is a substantial improvement in the business outlook[189][200]

智通财经APP讯，元汇集团(00585)发布公告，集团预期将于截至2023年12月31日止财政年度取得除税前亏损介于约1300万港元至2000万港元，而2022年同期财政年度取得除税前亏损约1100万港元。 集团2023财政年度的除税前亏损预期增加主要由于下列因素：由于2023财政年度放债业务放缓，应收贷款的利息收入减少;及分类为持作买卖财务资产的公平值变动的未变现亏损增加。 ...

Business Overview - The Group's principal business includes integrated financial services, investment holdings, CGI, and entertainment, with a new focus on film distribution license rights during the review period[10]. - The strategic goal is to enhance the variety and quality of integrated financial services, including forming strategic alliances and investing in local financial service firms[18]. - The Group aims to expand its coverage in the financial services industry through long-term strategic investments in equity instruments[18]. - The Group's integrated financial services encompass securities brokerage, margin financing, asset management, and corporate finance advisory services[10]. - The Company operates its money lending business through Imagi Lenders Limited, which holds a money lenders license under Hong Kong law[16]. - The Group's entertainment segment has started reporting revenues from film distribution, indicating a diversification of its business model[10]. - The Company is actively seeking opportunities to improve competitiveness in the integrated financial services sector[18]. - The Company plans to expand its Integrated Financial Services businesses, including securities brokerage, futures trading, and asset management services[51]. - The company has initiated a film distribution license rights business and aims to broaden its entertainment business in the film industry[54]. - The Company intends to enter the mass market to diversify its business portfolio while adopting a cautious approach due to challenging market conditions[80]. Financial Performance - The Group's financial performance and specific revenue figures for the review period will be detailed in the condensed consolidated financial statements[20]. - The Group's net profit attributable to shareholders for the period was approximately HK$4.1 million, a decrease from approximately HK$16.6 million in the previous period[44]. - Total segment revenue for securities brokerage and asset management was approximately HK$26.7 million, down from approximately HK$37.5 million in the previous period, representing a decrease of about 29%[44]. - Revenue from the securities brokerage and asset management segment decreased by approximately 29%, while the provision of finance segment saw a decline of approximately 34%[69]. - The consolidated net profit attributable to shareholders for the Period under Review was approximately HK$4.1 million, a decrease of approximately 75% compared to HK$16.6 million for the Previous Period[69]. - Interest income for the six months ended June 30, 2023, was HK$32,115,000, compared to HK$23,270,000 for the same period in 2022, representing an increase of 38.0%[171]. - The total revenue for the six months ended June 30, 2023, was HK$39,658,000, compared to HK$32,899,000 for the same period in 2022, indicating a year-over-year increase[199]. Liquidity and Financial Position - The Group maintained a strong liquidity position with bank balances of approximately HK$116 million as of June 30, 2023, compared to approximately HK$76 million at the end of 2022[45]. - The current ratio was approximately 18 times as of June 30, 2023, down from approximately 26 times at the end of 2022[45]. - The Group's net asset value per share was approximately HK$0.89 as of June 30, 2023, compared to approximately HK$0.92 at the end of 2022[46]. - The liquidity position remains healthy, with bank balances amounting to approximately HK$116 million, up from approximately HK$76 million as of 31 December 2022[70]. - The current ratio as of 30 June 2023 was approximately 18 times, compared to approximately 26 times as of 31 December 2022[70]. - The consolidated total assets amounted to HK$969,112,000, with bank balances and cash at HK$76,262,000[182]. - The consolidated total liabilities as of June 30, 2023, were HK$31,657,000, indicating a manageable debt level relative to assets[182]. Market Conditions and Strategic Approach - The Group is taking a cautious approach towards commencing new businesses and expansion plans due to current unstable market conditions[31]. - The Company intends to adopt a conservative approach towards business expansion due to the challenging financial market conditions, while remaining optimistic about the long-term prospects of the Hong Kong financial market[53]. - The Management does not foresee positive changes in the CGI business and will allocate minimal resources to maintain it until substantial changes occur[81]. - The Company has suspended its investment in the film industry but will continue to review investment opportunities as they arise[81]. Employee and Corporate Governance - As of June 30, 2023, the Group employed 33 employees, an increase from 31 employees in 2022, excluding Directors[102]. - The total staff cost for Directors and staff during the Period under Review was approximately HK$8.5 million, up from approximately HK$7.1 million in 2022, representing a year-on-year increase of about 19.7%[102]. - The Company has complied with the Corporate Governance Code during the Period under Review, maintaining high standards of corporate governance[104]. Shareholder Information and Share Schemes - The Company did not declare any interim dividend for the review period[93]. - The existing bye-laws of the Company were amended to comply with the Core Shareholder Protection Standards effective from January 1, 2022[89]. - As of June 30, 2023, the total number of issued shares was 829,921,572, with a market value of approximately HK$253 million, down from HK$270 million as of December 31, 2022[76]. - The Company has not sought shareholders' approval to refresh the Annual Limit under the Share Award Scheme, which expired on June 28, 2023, thus no further awards can be granted until approval is obtained[152]. - The Share Award Scheme is valid for ten years from October 22, 2019, to October 21, 2029, aimed at retaining and attracting suitable personnel[126]. - The Company has implemented a 3% annual limit for the Share Award Scheme, which equals 24,897,647 shares based on the approved limit from the annual general meeting held on June 21, 2022[148]. Investment and Asset Management - The investment in Hope Capital Limited amounted to approximately HK$96.7 million, representing about 10.18% of the Group's total assets as of June 30, 2023[76]. - As of June 30, 2023, investments in equity instruments designated at fair value and held-for-trading investments were approximately HK$25.7 million and HK$22.6 million, respectively[76]. - The unrealised losses from changes in fair value of listed equity investments classified as held-for-trading increased from approximately HK$2 million in the Previous Period to approximately HK$7 million for the Period under Review[69]. - The impairment loss on film rights investment was HK$59,000 for the six months ended June 30, 2023, which is a new expense not recorded in the previous year[171]. - Impairment allowances on margin loans receivable amounted to HK$4,139,000, highlighting potential risks in receivables[186]. Other Financial Metrics - The depreciation charge for owned property, plant, and equipment was HK$395,000 for the six months ended June 30, 2023, compared to HK$367,000 in 2022, indicating a 7.6% increase[178]. - The amortization of film rights for the six months ended June 30, 2023, was HK$1,607,000, which is a new expense not recorded in the previous year[171]. - The company reported a net foreign exchange gain of HK$146,000 for the six months ended June 30, 2023, compared to a loss of HK$582,000 in 2022, showing a significant turnaround[180]. - The company incurred finance costs totaling HK$246,000 during the reporting period[186]. - The company has not reported any significant events occurring after June 30, 2023, up to the report date[160].

Financial Performance - The company's net profit attributable to shareholders for the review period was approximately HKD 4,100,000, a decrease of about 75.3% compared to HKD 16,600,000 in the previous period[22]. - Total revenue for the review period was HKD 32,899,000, a decrease of approximately 17.1% from HKD 39,658,000 in the previous period[34]. - Revenue from the securities brokerage and asset management segments decreased by approximately 29% and 34%, respectively, during the review period[22]. - The company recorded a basic and diluted earnings per share of HKD 0.48, compared to HKD 2.00 in the previous period[30]. - The company reported a net profit before tax of 4,064 thousand HKD for the six months ended June 30, 2023, down from 16,625 thousand HKD in the same period of 2022, indicating a decline of approximately 75.6%[110]. - The company incurred total employee costs of 8,513 thousand HKD for the six months ended June 30, 2023, compared to 7,052 thousand HKD in the previous year, reflecting an increase of about 20.7%[103]. Investments and Assets - The investment in Hope Capital Limited amounted to approximately HKD 96.7 million, representing 10.18% of the group's total assets, which is classified as a significant investment[3]. - As of June 30, 2023, the total number of issued shares was 829,921,572, with a market capitalization of approximately HKD 253 million, down from HKD 270 million as of December 31, 2022[2]. - The total assets of the group amounted to HKD 950,392 million as of June 30, 2023[79]. - Non-current assets decreased from HKD 184,003 million to HKD 173,392 million, a decline of approximately 5%[37]. - Current assets net value decreased from HKD 755,150 million to HKD 733,141 million, a reduction of about 3%[42]. - Total assets minus current liabilities decreased from HKD 939,153 million to HKD 906,533 million, a decrease of around 3.5%[43]. Liabilities and Equity - The total liabilities of the group were HKD 45,885 million as of June 30, 2023[79]. - Non-current liabilities increased from HKD 1,698 million to HKD 2,026 million, an increase of approximately 19%[44]. - Total equity attributable to owners decreased from HKD 764,868 million to HKD 734,614 million, a decline of about 4%[47]. - The company did not have any bank or other borrowings as of June 30, 2023, resulting in a debt-to-equity ratio of zero[23]. Revenue Streams - Brokerage commission and settlement fee income increased to HKD 685 million, up from HKD 375 million, representing an 82.67% growth year-over-year[61]. - Asset management fee income rose to HKD 2,170 million, compared to HKD 1,871 million, reflecting a 15.97% increase[61]. - Interest income from margin clients was HKD 23,845 million, slightly up from HKD 23,270 million, indicating a 2.46% growth[61]. - Interest income from receivables decreased to HKD 5,817 million from HKD 8,845 million, a decline of 34.29%[61]. Business Operations and Strategy - The company plans to further develop its integrated financial services business, including brokerage, asset management, and corporate finance advisory services, while cautiously expanding into the retail market[9]. - The company has initiated a film distribution licensing business targeting Hong Kong/Macau and North America, expecting meaningful contributions from this new venture in the future[21]. - The company will continue to explore investment opportunities in the film industry, despite previously halting investments in this sector[10]. - The company has commenced film distribution rights business, expanding its operations into the entertainment sector[160]. - The company maintains a cautious approach towards new business and expansion plans due to the current unstable market conditions[164]. Risk Management - The company faces minimal currency risk as most transactions are denominated in HKD and USD, with no currency hedging policies in place[5]. - The group maintains strict monitoring of outstanding receivables to minimize credit risk[134]. - The expected credit loss for receivables is remeasured due to stage transfers impacting the total value and related provisions[147]. - The expected credit loss rate for margin loans was 2.35% as of June 30, 2023, with a total margin loan receivable of HKD 458,856,000[130]. Dividends and Shareholder Returns - The board does not recommend any interim dividend for the review period, consistent with the previous year[8]. - The company did not declare or propose any dividends for the six months ended June 30, 2023, consistent with the previous year[109]. Accounting and Compliance - The company is expected to reflect changes in accounting policies in the upcoming annual financial statements, which may impact future financial reporting[51]. - The company confirmed that the application of recent accounting standards did not have a significant impact on the financial statements for the six months ended June 30, 2023[60]. - The group has not reported any significant impact from the application of the revised standards on its financial statements for the six months ended June 30, 2023[66].