Financial Performance - The company's interest and financing advisory service revenue for the year 2023 was HKD 131,473,000, a decrease of 34.5% compared to HKD 200,826,000 in 2022[5]. - The loss attributable to owners of the company for 2023 was HKD 159,972,000, representing a significant increase of 204.4% from a loss of HKD 52,553,000 in 2022[5]. - The basic loss per share for 2023 was HKD 0.79, up 203.8% from HKD 0.26 in 2022[5]. - The group's interest and financing advisory service revenue for the fiscal year was approximately HKD 131,473,000, a decrease of about 34.5% from HKD 200,826,000 in the previous year[25]. - The group's financing costs decreased by 50.4% to approximately HKD 67,449,000 from HKD 135,999,000 in the previous year[28]. - The group's general and administrative expenses decreased by 30.6% to approximately HKD 109,908,000[32]. - The total employee cost for the fiscal year is approximately HKD 53,694,000, a decrease of about 24.4% compared to the previous year[42]. Loan and Credit Management - The total loan scale for the group in 2023 was approximately HKD 1,191,946,000, reflecting a year-on-year decline of about 26.7%[12]. - The group made a provision for impairment losses on bad loans amounting to approximately HKD 184,234,000 for the year, indicating a proactive approach to managing credit risk[12]. - As of December 31, 2023, the total outstanding balance of property mortgage loans (net of expected credit losses) accounted for approximately 79.3% of the group's total loan portfolio[23]. - The top five customers accounted for 25.5% of the group's total outstanding loan balance[24]. Market Conditions and Business Environment - The overall economic growth in China for 2023 was 5.2%, but the real estate sector faced significant challenges, with property development investment down nearly 10% year-on-year[8][11]. - The company anticipates that the business environment in 2024 will remain challenging, and it will adopt a prudent approach while strictly controlling operating costs[13]. - The number of properties auctioned in China increased by 36.7% year-on-year, reflecting rising credit risks and shrinking demand in the market[11]. Corporate Governance and Management - The company has established a robust governance structure with various committees overseeing key areas such as audit, remuneration, and risk management[60][62]. - The company has a strong management team with extensive experience in finance, investment, and risk management, enhancing its operational capabilities[64][66]. - The board consists of seven members, including one executive director, one non-executive director, and five independent non-executive directors, ensuring a diverse governance structure[138]. - The board has adopted a diversity policy, ensuring at least one female member and one independent non-executive director residing in Hong Kong[167]. - The company emphasizes the importance of independent judgment in its operations, with all directors having access to necessary information and independent professional advice[146]. Risk Management - The group has implemented a comprehensive risk management framework to regularly review and update risk management policies and procedures in response to market conditions and business strategy changes[73]. - Market risk is defined as the risk of loss in profitability due to market price fluctuations, which the management actively monitors and manages[74]. - Liquidity risk refers to the possibility of failing to meet obligations due to insufficient funds or asset liquidation, with the group maintaining adequate cash levels to mitigate this risk[75]. - Credit risk involves potential losses from customers or counterparties failing to make payments as per contracts, with further details provided in the financial statements[76]. - Operational risk arises from inadequate internal processes, personnel, or systems, which the group mitigates through robust internal controls and clear responsibilities[78]. Shareholder and Investor Relations - The company emphasizes the importance of investor relations and effective communication with stakeholders to support its strategic objectives[66]. - The company will present independent resolutions at shareholder meetings to protect shareholder rights[198]. - Shareholder meetings can be convened upon request by shareholders holding at least 5% of the voting rights[199]. Future Growth and Strategy - The company aims to create sustainable value for customers and shareholders as part of its long-term strategy[14]. - The company is focused on expanding its market presence and exploring new investment opportunities to drive future growth[71]. - The company has plans for future growth, including potential mergers and acquisitions to strengthen its market position[71]. Legal and Compliance - The group is currently facing litigation related to unauthorized loans and guarantees, with a disputed amount totaling approximately RMB 198,700,000[38]. - The group reported no significant violations of applicable laws and regulations that could materially impact its business operations during the reporting period[79]. Employee and Director Compensation - The company has adopted a share incentive plan to reward and retain employees, with a maximum of 21,464,036 shares available for allocation, representing 10% of the issued shares as of the adoption date[89]. - The salary range for senior management is as follows: 3 individuals earned between 0 to HKD 1,000,000, 1 individual earned between HKD 1,000,000 to HKD 1,500,000, and 2 individuals earned between HKD 2,000,001 to HKD 3,000,000[157]. - The company has a compensation clause for directors that has been in effect throughout the financial year[102]. Audit and Financial Reporting - The company’s financial statements were audited by a reputable accounting firm, and a resolution for their reappointment will be presented at the upcoming annual general meeting[126]. - The total fees paid to the auditors during the reporting period amounted to HKD 3,175,000, including HKD 2,650,000 for audit services and HKD 525,000 for non-audit services[190]. - The audit committee conducted three meetings to discuss interim results for the six months ending June 30, 2023, and significant financial reporting matters[154].

Financial Performance - For the year ended December 31, 2023, interest and financing advisory service revenue decreased by 34.5% to HKD 131,473,000 from HKD 200,826,000 in 2022[3]. - The company reported a loss attributable to owners of the company of HKD 159,972,000, a significant increase of 204.4% compared to a loss of HKD 52,553,000 in the previous year[3]. - Basic loss per share increased by 203.8% to HKD (0.79) from HKD (0.26) in 2022[3]. - Total comprehensive loss for the year amounted to HKD 167,785,000, compared to HKD 137,800,000 in 2022[6]. - Total revenue for the year 2023 was HKD 131,473,000, a decrease of 35.3% from HKD 202,211,000 in 2022[16]. - Interest income and service income net amount for 2023 was HKD 64,024,000, slightly down from HKD 64,827,000 in 2022[16]. - Revenue from external customers in China decreased by 39.6% to HKD 95,968,000 in 2023 from HKD 159,185,000 in 2022[19]. - The group reported a pre-tax loss of HKD 159,972,000 for the year 2023, compared to a loss of HKD 52,553,000 in 2022[26]. - Other income for 2023 was HKD 13,637,000, a slight decrease from HKD 14,728,000 in 2022[22]. - The company recorded a significant impairment loss on financial instruments of HKD 181,566,000, compared to HKD 6,369,000 in 2022[5]. Assets and Liabilities - Non-current assets decreased to HKD 597,435,000 from HKD 708,447,000 year-on-year[8]. - Current assets decreased to HKD 1,617,216,000 from HKD 1,935,960,000 in the previous year[8]. - The company's net asset value decreased to HKD 699,944,000 from HKD 871,062,000 year-on-year[9]. - The company’s total liabilities decreased to HKD 1,465,548,000 from HKD 1,624,843,000 year-on-year[8]. - The total amount of loans receivable decreased to HKD 2,363,211,000 in 2023 from HKD 2,660,177,000 in 2022, reflecting a decline of 11.2%[28]. - The impairment loss on loans receivable increased to HKD 1,171,265,000 in 2023 from HKD 1,035,170,000 in 2022[28]. - As of December 31, 2023, the total loans amounted to approximately HKD 1,191,946,000, representing a year-on-year decrease of about 26.7%[36]. - The total non-current assets decreased to HKD 362,894,000 in 2023 from HKD 394,561,000 in 2022[20]. - The total liabilities related to unauthorized guarantees were HKD 74,598,000 as of December 31, 2023, down from HKD 89,340,000 in 2022, a reduction of approximately 16.5%[33]. - As of December 31, 2023, the company's total outstanding loans and unsecured bonds were approximately HKD 1,131,249,000, a decrease of about 17.7% compared to the previous year[59]. Customer and Revenue Insights - The company had 1,621 active customers as of December 31, 2023, with 1,573 being individual customers and 48 being corporate customers[47]. - The top five customers accounted for 25.5% of the total outstanding loan balance[48]. - The company’s revenue contribution by region showed that Beijing accounted for 36.9%, Chengdu and Chongqing 26.2%, Shenzhen 9.9%, and Hong Kong 27.0% for the fiscal year[53]. - The group has no major customers contributing over 10% of total revenue for the years ended December 31, 2023, and 2022[19]. Operational and Strategic Outlook - The company anticipates continued challenges in the global and domestic economy for 2024, prompting a cautious approach to business development and strict cost control[38]. - The company aims to maintain a reasonable level of non-performing loans, avoiding large-scale defaults seen in other institutions[36]. - The group’s current and projected operational and capital needs will primarily be funded through borrowing and equity allocation[60]. - The company emphasizes creating sustainable value for customers and shareholders as part of its long-term strategy[39]. Cost Management and Employee Insights - The company’s general and administrative expenses decreased by 30.6% to approximately HKD 109,908,000, primarily due to cost control measures[57]. - The total employee cost for the fiscal year was approximately HKD 53,694,000, a decrease of about 24.4% compared to the previous year[65]. - The group employed approximately 127 employees as of December 31, 2023, with 68 being female employees[65]. Governance and Compliance - The internal control assessment for 2023 and 2024 was conducted by a consultant, covering areas such as corporate governance, expense management, and financial controls[81]. - The internal evaluation indicated no significant anomalies or errors in corporate governance, expense management, and financial cycles[86]. - The audit committee, composed of four independent non-executive directors, reviewed the annual financial report and confirmed compliance with relevant financial reporting standards[86]. - The consolidated financial statements for the year ending December 31, 2023, were approved by the auditors and align with the board's approved figures[87]. - The company has adopted a code of conduct for directors regarding securities trading, which meets or exceeds the standards set by the listing rules[83]. - There were no reported violations of the employee trading guidelines during the reporting period[85]. Legal and Regulatory Matters - The group is preparing to appeal a court ruling regarding unauthorized loans and guarantees, with a disputed amount totaling approximately RMB 198,700,000[64]. - The group has not engaged in any derivative activities or used financial instruments to hedge against foreign exchange rate fluctuations as of December 31, 2023[69]. - There were no significant capital commitments or contingent liabilities at the end of the fiscal year[68]. Shareholder Communication - The board of directors did not recommend the payment of a final dividend for the fiscal year[76]. - The group expressed gratitude to shareholders for their support throughout the year[90]. - The annual report for 2023 will be published on the company's and the Hong Kong Stock Exchange's websites[88].

Financial Performance - The interest and financing advisory service revenue for the six months ended June 30, 2023, was HKD 67,694,000, a decrease of 40.6% compared to HKD 113,918,000 for the same period in 2022[5]. - The loss attributable to owners of the company for the period was approximately HKD 117,100,000, representing an increase of 186.8% from HKD 40,833,000 in the previous year[5]. - Basic loss per share for the period was HKD (0.58), compared to HKD (0.20) for the same period last year, reflecting a 190.0% increase in loss per share[5]. - The group reported a loss before tax of HKD 101,688,000 for the six months ended June 30, 2023, compared to a loss of HKD 19,033,000 in 2022[42]. - Total comprehensive loss for the period was HKD 135,328,000, compared to HKD 86,567,000 in the previous year, indicating an increase of 56.4%[43]. - The group reported a pre-tax loss of HKD 117,100,000 for the period, compared to a loss of HKD 40,833,000 for the same period last year, indicating a significant increase in losses[70]. Revenue and Income - Interest and financing advisory service revenue for the six months ended June 30, 2023, was HKD 67,694,000, down from HKD 113,918,000 in the same period of 2022, representing a decrease of 40.6%[42]. - Net interest income and service income for the same period was HKD 19,021,000, a decline of 45.4% from HKD 35,061,000 in 2022[42]. - Other income for the six months ended June 30, 2023, totaled HKD 5,103,000, a decrease of 52.8% from HKD 10,810,000 in 2022[66]. Expenses and Cost Management - General and administrative expenses decreased by 34.3% to approximately HKD 49,152,000, due to strict cost control measures implemented by the company[17]. - Employee costs during the reporting period were approximately HKD 24.6 million, a decrease of about 34.0% compared to the previous year[22]. - The total remuneration for key management personnel decreased from HKD 3,860,000 for the six months ended June 30, 2022, to HKD 2,412,000 for the same period in 2023, representing a reduction of approximately 37.6%[98]. Assets and Liabilities - As of the reporting period end, the company's net current assets and equity attributable to shareholders were approximately HKD 142.8 million and HKD 655.1 million, respectively[19]. - The company's outstanding borrowings and unsecured bonds amounted to HKD 1,218.4 million, a decrease of approximately 11.4% compared to the same period last year[19]. - The group's total assets as of June 30, 2023, were HKD 2,330,547,000, down from HKD 2,644,407,000 at the end of 2022[46]. - The net asset value decreased to HKD 732,340,000 as of June 30, 2023, from HKD 871,062,000 at the end of 2022[46]. - The total borrowings as of June 30, 2023, were HKD 1,149,744,000, down from HKD 1,301,132,000 as of December 31, 2022, indicating a reduction of about 11.6%[88]. Market Conditions and Business Outlook - The company's mortgage loan business in mainland China faced increased competition, leading to a reduction in business scale during the first half of 2023[10]. - The overall liquidity in the banking sector has increased, leading to intensified competition in the mortgage loan industry, particularly in the residential mortgage sector[7]. - The management anticipates that the real estate industry may stabilize in the second half of the year, which could benefit the company's mortgage loan business[12]. - The company is committed to optimizing operational structures and adjusting product policies in response to changing market conditions and competition[12]. - The group anticipates a downward trend in loan amounts and interest rates, impacting future revenue expectations[78]. Shareholder Information - The issued and fully paid ordinary shares remained at 209,286,067 shares with a total value of HKD 2,080,113,000 as of June 30, 2023, unchanged from the previous period[94]. - Major shareholders include Zhang Xiaolin with 115,664,312 shares, representing 55.27% of the issued share capital, and Lu Yun with the same percentage[107]. - The board of directors did not recommend any interim dividend for the reporting period, consistent with the previous period[115]. Governance and Compliance - The company has complied with the corporate governance code, except for the separation of roles between the chairman and the CEO[117]. - The audit committee, consisting of four independent non-executive directors, reviewed the interim results for the six months ended June 30, 2023, and found them to comply with relevant financial reporting standards[122]. - The company has established a code of conduct for directors regarding the trading of the company's securities, which complies with the listing rules[119].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部分內容 而產生或因依賴該等內容而引致之任何損失承擔任何責任。 截至二零二三年六月三十日止六個月 中期業績 財務摘要 未經審核 未經審核 截至 截至 二零二三年 二零二二年 六月三十日 六月三十日 止六個月 止六個月 百分比變動 千港元 千港元 % 利息及融資諮詢服務收入 67,694 113,918 (40.6) ...

Financial Performance - For the fiscal year ended December 31, 2022, the company reported interest and service income of approximately HKD 200.83 million, a decrease of 34.1% from HKD 304.59 million in the previous year[9]. - The company recorded a loss attributable to owners of the company of HKD 52.55 million, a significant improvement of 79.0% compared to a loss of HKD 250.07 million in the prior year[9]. - Basic loss per share improved to HKD 0.26 from HKD 1.24, reflecting a 79.0% reduction in losses[9]. - Other income and gains for the fiscal year amounted to approximately HKD 27,711,000, primarily due to a fair value change gain of HKD 11,079,000 from receivables[21]. - General and administrative expenses decreased by 13.5% to approximately HKD 158,308,000, mainly due to reductions in employee costs and related expenses[23]. - The loss attributable to owners for the year was approximately HKD 52,553,000, a decrease of 79.0% compared to a loss of approximately HKD 250,065,000 in the previous year[24]. - As of the end of the fiscal year, the group's net current assets and equity attributable to owners were approximately HKD 311,117,000 and HKD 789,725,000, respectively[25]. - The group's outstanding borrowings and unsecured bonds amounted to HKD 1,375,165,000, a decrease of approximately 22.9% compared to the previous year[25]. - Total employee costs for the fiscal year were approximately HKD 70,987,000, a decrease of about 16.5% from the previous year[29]. Business Operations and Strategy - The company faced challenges due to COVID-19, which led to strict lockdowns in multiple cities, impacting loan disbursements and overall operations[18]. - The company adopted a conservative approach to new loan issuance, contributing to the decline in revenue[18]. - The company anticipates a recovery in overall business activity and loan demand in 2023 as COVID-19 restrictions are eased and supportive policies are implemented[12]. - The company aims to diversify its business portfolio and explore new opportunities that can create synergies with its core lending operations[12]. - The company is committed to maintaining a competitive advantage and driving sustainable growth through strategic partnerships and market expansion[12]. - The group plans to adopt a prudent approach in business development while strictly controlling operational costs[48]. - The company aims to create sustainable value for customers and shareholders as part of its long-term strategy[48]. Risk Management and Governance - The company has implemented comprehensive reforms in internal control policies, corporate governance measures, and risk management practices to prevent future issues[12]. - The board highlighted the importance of a comprehensive risk management framework to address various market risks, including liquidity and credit risks[70]. - The company has established robust internal controls and clear responsibilities to mitigate operational risks[74]. - The company emphasizes the importance of effective internal reporting mechanisms to manage operational risks[74]. - The management team is committed to regular reviews and updates of risk management policies to align with market conditions[70]. - The company has implemented a risk management and internal control system to manage risks associated with achieving business objectives[181]. - The board is responsible for evaluating and determining the nature and extent of risks the company is willing to take to achieve strategic goals[181]. Corporate Governance - The company has adopted the corporate governance code as a benchmark for its governance practices and believes it has complied with the code throughout the year, except for a specific provision[125]. - The board consists of seven directors, including one executive director, one non-executive director, and five independent non-executive directors, ensuring compliance with listing rules[131]. - The company has established a mandatory provident fund scheme for employees in accordance with Hong Kong regulations[118]. - The board is committed to maintaining high levels of corporate governance to protect shareholder interests and enhance corporate value[125]. - The company has a clear division of responsibilities between the chairman and the CEO, ensuring effective governance[135]. - Independent non-executive directors provide independent judgment and ensure high standards of regulatory reporting[141]. - The board regularly reviews the contributions of directors to ensure they dedicate sufficient time to their responsibilities[128]. - The board of directors has established four committees: Audit Committee, Remuneration Committee, Nomination Committee, and Business Risk Committee to oversee specific aspects of the company's affairs[146]. Shareholder Information - The company did not recommend a final dividend for the fiscal year ending December 31, 2022, consistent with the previous year[78]. - As of December 31, 2022, the company had no distributable reserves available for shareholders, unchanged from the previous year[80]. - The share incentive plan allows for a maximum of 21,464,036 shares to be granted, representing 10% of the issued shares at the time of adoption[85]. - The company’s five largest customers accounted for less than 30% of total revenue during the reporting period[90]. - The board may propose dividends based on the company's financial condition, subject to shareholder approval[200]. Employee and Board Composition - The group employs approximately 146 staff members, with 74 being female employees[29]. - The company’s employee compensation is determined based on qualifications, industry expertise, and performance metrics[88]. - The company aims to maintain a diverse board composition, with at least one female member and one independent non-executive director residing in Hong Kong[164]. - As of December 31, 2022, the board consisted of six male directors and one female director, achieving the diversity goal without setting further quantifiable targets[162]. - The company will consider increasing the proportion of female members in future elections, hiring, and promotions[171]. Audit and Compliance - The independent auditor's report is included in the annual report, detailing their responsibilities regarding the financial statements[188]. - The company reported an auditor's fee of HKD 2,650,000 for audit services and HKD 235,000 for non-audit services, totaling HKD 2,885,000 for the review year[191]. - The board confirmed that there are no significant uncertainties regarding the company's ability to continue as a going concern[187]. - The company has no significant related party transactions that require disclosure under the listing rules[114]. - The company has adopted a shareholder communication policy to ensure effective communication with investors regarding financial performance and strategic developments[199].

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，概不對因本公佈全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 中 國 金 融 投 資 管 理 有 限 公司 （於香港註冊成立之有限公司） 605 （股份代號： ） 有關截至二零二二年十二月三十一日止年度之 全年業績公佈之補充公佈 茲提述中國金融投資管理有限公司（「本公司」，連同其附屬公司統稱「本集團」）日期 為二零二三年三月三十一日之公佈，內容有關其截至二零二二年十二月三十一日止 年度之全年業績（「業績公佈」）。除另有界定外，本公佈所用詞彙與業績公佈所界定 者具有相同涵義。 622 436 本公司謹此提供以下根據香港法例第 章公司條例（「公司條例」）第 條所規定有 關刊發財務報表之額外資料。 436 根據公司條例第 條刊發財務報表 ...

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，概不對因本公佈全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 中 國 金 融 投 資 管 理 有 限 公司 （於香港註冊成立之有限公司） 605 （股份代號： ） 截至二零二二年十二月三十一日止年度之全年業績 財務摘要 截至十二月三十一日 止年度 二零二二年 二零二一年 百分比變動 % 千港元 千港元 200,826 304,593 (34.1) 利息及服務收入 (52,553) (250,065) (79.0) 本公司擁有人應佔年內虧損 港元 港元 ...

Financial Performance - The company reported interest and service income of approximately HKD 113,918,000 for the six months ended June 30, 2022, a decrease of 28.3% compared to HKD 158,976,000 in the same period last year[5]. - The loss attributable to the company's owners for the period was approximately HKD 40,833,000, a reduction of 59.4% from HKD 100,636,000 in the previous year[5]. - The basic loss per share decreased to HKD 0.20, down 60.0% from HKD 0.50 in the prior year[5]. - Revenue from interest, guarantee, and financing advisory services was HKD 113,918,000, down from HKD 158,976,000 in the same period last year[27]. - The net interest income and service income amounted to HKD 35,061,000, compared to HKD 45,909,000 in the previous year[27]. - The group recorded a pre-tax loss of HKD 19,033,000, significantly improved from a loss of HKD 90,453,000 in the same period last year[27]. - The total comprehensive loss for the period was HKD 86,567,000, slightly higher than HKD 85,319,000 in the previous year[28]. - The company reported a loss of HKD 84,712,000 for the six months ended June 30, 2022, compared to a loss of HKD 88,097,000 in the same period of 2021, showing a slight improvement of 4.4%[38]. - The company’s total equity attributable to equity shareholders decreased to HKD 839,105,000 as of June 30, 2022, from HKD 1,143,709,000 at the beginning of the year, reflecting a decline of 26.7%[38]. - The company reported a total comprehensive loss of HKD 86,567,000 for the six months ended June 30, 2022, compared to a total comprehensive loss of HKD 85,319,000 in the same period of 2021[38]. Operational Highlights - The company's risk management focused on limiting loan risks and maintaining stable operations despite strict lockdowns in various cities affecting new loan disbursements[8]. - Revenue contributions from different operational regions showed a decline in Beijing from 52.6% to 39.9%, while Chengdu and Chongqing increased from 17.4% to 30.1%[9]. - The company aims to refocus on loan business development and explore new business opportunities as COVID-19 restrictions are gradually eased[11]. Financial Position - As of June 30, 2022, total assets were HKD 2,217,921,000, down from HKD 2,533,743,000 at the end of the previous year[30]. - The group's net asset value was HKD 922,280,000, a decrease from HKD 1,012,469,000 at the end of the previous year[31]. - Current liabilities include borrowings and loans amounting to approximately HKD 1,381,362,000, reflecting the company's financial obligations[18]. - The company holds non-current assets including properties, plant, and equipment valued at approximately HKD 12,870,000 and receivables of approximately HKD 290,524,000[17]. - As of June 30, 2022, the company’s receivables from loans amounted to HKD 3,306,736,000, slightly up from HKD 3,278,241,000 at the end of 2021[55]. - The overdue receivables balance was HKD 983,630,000, down from HKD 1,037,638,000 at the end of 2021, with HKD 903,982,000 of that amount overdue by more than 90 days[56]. Cash Flow and Financing - For the six months ended June 30, 2022, the company reported a net cash generated from operating activities of HKD 26,766,000, a decrease of 92.4% compared to HKD 354,370,000 in the same period of 2021[35]. - The company experienced a net cash outflow from financing activities of HKD 146,871,000, compared to HKD 271,184,000 in the same period of 2021, indicating a reduction in cash outflow by 45.8%[36]. - As of June 30, 2022, the cash and cash equivalents decreased to HKD 432,142,000 from HKD 685,724,000 at the end of the previous year, representing a decline of 37.0%[36]. - The company reported financing costs of approximately HKD 78,857,000, a decrease of 30.2% compared to the previous year[13]. - The total amount of loans payable was HKD 1,469,146,000 as of June 30, 2022, down from HKD 1,529,971,000, a decrease of 3.9%[63]. - The company borrowed HKD 40,000,000 from a related party at an annual interest rate of 9%, with interest expenses of approximately HKD 207,000 for the six months ended June 30, 2022[73]. Expenses and Cost Management - General and administrative expenses for the period were approximately HKD 74,772,000, with ongoing strict cost control measures in place[14]. - The group reported a total employee cost of approximately HKD 37,323,000, a decrease of 7.5% compared to the same period in 2021[19]. - The company incurred advisory fees of HKD 332,000 for the six months ended June 30, 2022, down from HKD 473,000 in the same period of 2021, indicating a decrease of approximately 29.8%[73]. - The total cost of acquiring property, plant, and equipment for the six months ended June 30, 2022, was approximately HKD 411,000, a decrease from HKD 2,139,000 in the same period of 2021[52]. Shareholder Information - Major shareholders included Zhang Xiaolin with 115,664,312 shares, representing 55.27% of the issued share capital[80]. - The average number of issued ordinary shares remained at 202,323,367 shares for both periods, following a consolidation of shares approved by shareholders[49]. - The company has a capital of HKD 2,080,113,000 as of June 30, 2022, unchanged from the previous year after a share consolidation[67]. - The company did not declare any interim dividend for the reporting period, consistent with the previous year[51]. - The board of directors does not recommend any interim dividend for the reporting period, consistent with the previous period[91]. Governance and Compliance - The company has maintained compliance with the corporate governance code, except for specific provisions regarding the division of responsibilities between the chairman and the CEO[92]. - The audit committee reviewed the interim results for the six months ended June 30, 2022, and found the financial information to comply with relevant reporting standards[98]. - The company has not engaged in any buybacks or redemptions of its securities during the six months ended June 30, 2022[89]. - The company has not arranged professional training for newly appointed directors but provides ongoing updates on legal and regulatory developments[94].

Financial Performance - Interest and service income for the six months ended June 30, 2021, was approximately HKD 158,976,000, a decrease of 59.8% compared to HKD 395,657,000 for the same period in 2020[5] - The loss attributable to equity shareholders for the period was approximately HKD 100,636,000, a reduction of 57.4% from HKD 236,362,000 in the previous year[14] - Basic loss per share improved to HKD (0.50) from HKD (1.14), reflecting a decrease of 56.1%[5] - For the six months ended June 30, 2021, the company reported a net loss of HKD 98,890,000, a significant improvement from a net loss of HKD 380,968,000 in the same period of 2020, representing a reduction of approximately 74%[25] - The total comprehensive income for the six months ended June 30, 2021, was a loss of HKD 88,097,000, compared to a loss of HKD 281,218,000 for the same period in 2020, indicating an improvement of 68.7%[30] - The company reported a total comprehensive loss of HKD 5,626 thousand for the six months ended June 30, 2021, compared to a total comprehensive income of HKD 33,643 thousand in 2020[49] Asset and Liability Management - The company's total assets decreased to HKD 2,769,172,000 as of June 30, 2021, compared to HKD 2,925,184,000 at the end of 2020, a decline of about 5.3%[27] - The company's total equity decreased to HKD 1,140,635,000 from HKD 1,229,192,000, a decline of about 7.2%[28] - The total amount of loans payable as of June 30, 2021, was HKD 1,690,981,000, a decrease of 7.4% from HKD 1,825,951,000 as of December 31, 2020[70] - The total amount of unsecured bonds as of June 30, 2021, was HKD 266,357,000, a decrease of 11% from HKD 299,221,000 as of December 31, 2020[75] - The total receivables as of June 30, 2021, amounted to HKD 3,711,998,000, a decrease from HKD 4,019,345,000 at the end of 2020, with a provision for impairment of HKD 1,482,430,000[63] Operational Efficiency - The group tightened risk management and adopted a conservative approach to new loan approvals due to uncertainties in the real estate market[11] - The group is focusing on enhancing net credit risk management and conducting stress tests on repayment capacity and loan-to-value ratios to improve resilience against risks[9] - The group has launched a 100% online loan application platform, Oyster Pie, in Hong Kong to enhance user experience and significantly improve efficiency and productivity[8] Cash Flow and Financing Activities - The company reported a net cash generated from operating activities of HKD 387,740,000 for the six months ended June 30, 2021, a decrease of 41.3% compared to HKD 661,549,000 in the same period of 2020[32] - The company reported a net cash used in financing activities of HKD 271,184,000 for the six months ended June 30, 2021, a decrease of 52.4% from HKD 569,034,000 in the same period of 2020[32] - The company’s operating cash flow after tax payments was HKD 354,370,000 for the six months ended June 30, 2021, compared to HKD 594,941,000 in the same period of 2020, reflecting a decline of 40.5%[32] Employee and Management Information - The group employed approximately 167 staff in China and Hong Kong, with total employee costs around HKD 40,361,000 during the reporting period[18] - Total remuneration for key management personnel for the six months ended June 30, 2021, was 3,701 thousand HKD, a decrease of 7.2% from 3,986 thousand HKD in the previous year[82] Governance and Compliance - The company has complied with the corporate governance code, except for specific provisions regarding the division of responsibilities between the chairman and the CEO[107] - The audit committee consists of one non-executive director and four independent non-executive directors, overseeing the internal control system and reporting significant issues to the board[113] - The committee reviewed the financial statements and reports before submission to the board, considering any significant or unusual items raised by the financial director or external auditors[113] Shareholder Information - The company did not recommend any interim dividend for the reporting period, consistent with 2020[57] - As of June 30, 2021, Zhang Xiaolin holds 115,664,312 shares, representing 55.27% of the issued share capital[94] - Lu Yun, as the spouse of Zhang Xiaolin, is deemed to hold 86,002,212 shares, also representing 55.27% of the issued share capital[98]

Financial Performance - Interest and service income decreased by 57.3% to HKD 304,593,000 in 2021 from HKD 713,939,000 in 2020[8] - The company reported a loss attributable to owners of HKD 250,065,000, a 79.4% improvement compared to a loss of HKD 1,216,632,000 in the previous year[8] - Basic loss per share improved by 79.1% to HKD (1.24) from HKD (5.94) year-on-year[8] - In 2021, the company achieved interest and service income of HKD 304,593,000, a decrease of 57.3% compared to the previous year[87] - The company's main business is loan services, primarily generating income from mortgage loans, which faced challenges due to uncertainties in the real estate sector[85] - The company reported a loss before tax of HKD 213,336,000 for 2021, significantly improved from a loss of HKD 1,243,096,000 in 2020[180] - The net loss for the year was HKD 246,130,000, compared to a net loss of HKD 1,357,368,000 in the previous year, indicating a 81.9% reduction in losses[180] - The company reported a significant decrease in financial instrument impairment losses, from HKD 1,269,496,000 in 2020 to HKD 7,915,000 in 2021[180] - The company recognized a goodwill impairment loss of HKD 128,389,000 in 2021, slightly higher than HKD 127,820,000 in 2020[180] Corporate Governance - The company's efforts to enhance internal control policies and corporate governance were significant following unauthorized guarantees and loans issues[11] - The company is committed to adhering to high standards of corporate governance as per the Hong Kong Stock Exchange guidelines[14] - The board of directors consists of nine members, including two executive directors and four independent non-executive directors[20] - The board consists of at least three independent non-executive directors, representing one-third of the board, ensuring compliance with listing rules[24] - The company has established four committees: Audit Committee, Remuneration Committee, Nomination Committee, and Business Risk Committee, each with clearly defined responsibilities[37] - The board has adopted a diversity policy, recognizing the importance of diverse board members for maintaining competitive advantage[47] - The board has delegated the responsibility of selecting and appointing directors to the Nomination Committee, which has established a director nomination policy[53] - The company has a commitment to maintaining independence among its directors, as evidenced by the assessment of Dr. Zhang Xiaojun's independence despite familial ties to major shareholders[116] Risk Management - The company is focusing on optimizing its corporate structure to strengthen risk management and improve productivity[11] - The company has implemented a risk management and internal control system, which was deemed effective and sufficient by the board of directors[65] - The company has established clear risk management procedures to protect assets from unauthorized use and ensure the reliability of financial information[63] - The company adopted a conservative approach in all operational regions in 2021, tightening risk management in response to the uncertain real estate market in mainland China[86] Economic Context - The Hong Kong economy showed a GDP growth of 8.1% in 2021, surpassing the government's target of 6%[11] - China's GDP rebounded strongly in 2021, growing by 8.1% year-on-year, exceeding the government's target of 6%[84] - The real estate industry in China experienced financial difficulties among leading developers, impacting property prices and transaction volumes[84] - Property prices in Hong Kong remained relatively stable in 2021, contributing to stable mortgage business performance[86] Shareholder Information - The company has a dividend policy that depends on its financial condition and requires shareholder approval for any proposed dividends[83] - As of December 31, 2021, major shareholders hold 55.27% of the issued share capital, with Zhang Xiaolin and Lu Yun each having significant stakes[134] - The total number of shares held by major shareholders and related parties is 115,664,312, which constitutes 55.27% of the issued share capital[134] - The company reported a total of 10,000 shares held by Zhang Jihang, representing 0.0047% of the issued share capital as of December 31, 2021[130] - Chen Xuming holds 1,000,000 shares, accounting for 0.47% of the issued share capital as of December 31, 2021[130] Management and Board Composition - The company appointed Mr. Zhang Min as the CEO on November 22, 2022, following the separation of roles between the Chairman and CEO as per corporate governance guidelines[22] - The company continues to focus on expanding its management team with professionals experienced in various sectors, including retail and finance[113] - The management team includes experienced professionals with over 25 years of financial, accounting, and management experience[119] - The company has a risk management department led by a manager with a master's degree in finance from Massey University, New Zealand[123] Financial Position - Total assets decreased from HKD 2,925,184 thousand in 2020 to HKD 2,533,743 thousand in 2021, a decline of approximately 13.4%[185] - The company's net asset value decreased from HKD 1,229,192 thousand in 2020 to HKD 1,012,469 thousand in 2021, a decline of about 17.7%[187] - The company's goodwill decreased from HKD 500,726 thousand in 2020 to HKD 384,504 thousand in 2021, a reduction of about 23.2%[185] - The total equity attributable to owners decreased from HKD 1,143,709 thousand in 2020 to HKD 923,817 thousand in 2021, a decline of approximately 19.2%[187] Audit and Compliance - The independent auditor's report confirmed that the consolidated financial statements present a true and fair view of the group's financial position as of December 31, 2021[158] - The independent auditor identified the valuation of receivables and the impairment assessment of goodwill as key audit matters[163][165] - The group established a mandatory provident fund scheme for employees in accordance with Hong Kong regulations[152]