智通财经APP获悉，截止6月4日收盘，有109只股票创52周新高，其中嘉鼎国际集团(08153)、中国抗体 －Ｂ(03681)、升华兰德(08106)创高率位于前3位，分别为37.84%、32.89%、32.26%。 52周新高排行 | 股票名称 | 收盘价 | 最高价 | | 创高率 | | --- | --- | --- | --- | --- | | 嘉鼎国际集团(08153) | 0.405 | 0.510 | 37.84% | | | 中国抗体－Ｂ(03681) | 2.850 | 2.990 | 32.89% | | | 升华兰德(08106) | 0.142 | 0.164 | 32.26% | | | 亿都（国际控股） | 1.980 | 2.740 | 24.55% | | | (00259) | | | | | | 倍搏集团(08331) | 0.131 | 0.241 | 23.59% | | | 美丽田园医疗健康 | 24.300 | 24.300 | 22.23% | | | (02373) | | | | | | 金马能源(06885) | 1.080 | 1.080 | 21.3 ...

| (03004) | | | | | --- | --- | --- | --- | | 江苏宁沪高速公路 | 10.440 | 10.520 | 0.57% | | (00177) | | | | | 嘉里建设(00683) | 18.880 | 19.360 | 0.57% | | 万洲国际(00288) | 7.280 | 7.350 | 0.55% | | 港灯－ＳＳ(02638) | 5.720 | 5.780 | 0.52% | | 富邦沪深港高股息 | 14.460 | 14.490 | 0.49% | | (03190) | | | | | ＧＸ０３月债－Ｕ | 7.040 | 7.040 | 0.43% | | (09440) | | | | | 农业银行(01288) | 5.150 | 5.160 | 0.39% | | 中国财险(02328) | 15.560 | 15.560 | 0.39% | | 恒隆集团(00010) | 11.360 | 11.380 | 0.35% | | 贤能集团(01730) | 3.020 | 3.020 | 0.33% | | 粤港湾控股(0139 ...

（以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 5月28日，截至港股收盘，恒生指数下跌0.53%，报23258.31点。鼎益丰控股（00612.HK）收报0.365港 元/股，上涨28.07%，成交量1008.8万股，成交额327.36万港元，振幅28.07%。 本文源自：金融界 最近一个月来，鼎益丰控股累计涨幅23.38%，今年来累计涨幅133.61%，跑赢恒生指数16.56%的涨幅。 作者：行情君 财务数据显示，截至2024年12月31日，鼎益丰控股实现营业总收入-3.38亿元，同比减少70.5%；归母净 利润-4.36亿元，同比减少51.42%；资产负债率3.09%。 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22.56倍，行业中值-0.13倍。鼎益丰控股市盈 率-0.95倍，行业排名第157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2.23倍、国银金租（01606.HK）为3.17倍、香港信贷（01273.HK）为3.27倍、中关村科 技租赁（01601.H ...

Financial Performance - The company reported a net loss of approximately HKD 470,810,000 for the year ending December 31, 2024, an increase of 51.4% compared to a net loss of HKD 310,932,000 in 2023[7]. - Total revenue for the year ended December 31, 2024, was HKD 1,351 million, an increase from HKD 1,134 million in 2023, representing a growth of approximately 19.2%[123]. - The company reported a net loss attributable to shareholders of HKD 470,810 thousand for 2024, compared to a loss of HKD 310,932 thousand in 2023, indicating an increase in losses of about 51.4%[124]. - Basic and diluted loss per share for 2024 was HKD 30.15, worsening from HKD 20.45 in 2023[123]. - The company's net asset value fell to HKD 501,134 thousand in 2024, down from HKD 989,245 thousand in 2023, a decrease of about 49.3%[126]. - The company incurred other comprehensive expenses totaling HKD 16,678 thousand for the year, compared to HKD 26,633 thousand in 2023, reflecting a decrease of approximately 37.4%[124]. - The company’s cash and bank balances decreased to HKD 66,253 thousand in 2024 from HKD 173,342 thousand in 2023, a decline of approximately 61.8%[125]. - The company reported a total equity of HKD 501,134,000 as of December 31, 2024, down from HKD 989,245,000 at the beginning of the year, indicating a decline in shareholder value[127]. Investment Strategy and Portfolio - The company’s investment strategy includes long-term equity investments, mid-term private equity and venture capital, and short-term trading of securities and other financial instruments[11]. - The company actively manages its investment portfolio in accordance with its investment objectives and policies, prioritizing shareholder interests[8]. - Significant investments include shares in Huizhou Intelligent Technology Group Co., Ltd., which represent more than 5% of the company's total assets[12]. - The group will continue to seek attractive long-term investment opportunities amid global financial market volatility[16]. Assets and Liabilities - Total assets decreased to HKD 503,043 thousand in 2024 from HKD 1,010,994 thousand in 2023, a decline of approximately 50.3%[125]. - Non-current assets decreased significantly from HKD 768,987 thousand in 2023 to HKD 377,334 thousand in 2024, a reduction of approximately 50.9%[125]. - Current liabilities were reduced to HKD 14,052 thousand in 2024 from HKD 56,867 thousand in 2023, a decrease of about 75.3%[125]. - The group had no long-term borrowings as of December 31, 2024, compared to HKD 10,102,000 in 2023[18]. - The group reported no short-term borrowings as of December 31, 2024, compared to HKD 34,792,000 in 2023[19]. Impairment and Financial Assets - Impairment losses on property, plant, and equipment recognized during the year amounted to approximately HKD 119,824,000, compared to zero in 2023[7]. - The fair value loss on equity instruments measured at fair value through other comprehensive income was HKD 920 thousand in 2024, down from HKD 10,696 thousand in 2023, indicating a significant improvement[124]. - The company experienced a significant impairment loss on property, plant, and equipment of HKD 119,824,000 during the year[128]. Governance and Compliance - The company has complied with all applicable provisions of the corporate governance code as of December 31, 2024, with some deviations noted[30]. - The company is in the process of identifying a suitable candidate to fill the vacant chairman position, which has been unoccupied since February 2023[31]. - The audit committee is composed of independent non-executive directors and is responsible for overseeing the financial reporting system and internal controls[60]. - The board of directors includes independent non-executive directors such as Jing Siyuan, Zhang Aimin, and Zhang Qiang[47]. - The company has confirmed the independence of all independent non-executive directors as per listing rules[69]. Risk Management - The group has established risk management procedures to identify, measure, monitor, and control various risks faced[14]. - The board believes that the existing risk management and internal control systems are sufficient and effective[100]. - The Risk Management Committee oversees investment-related risks and employs traditional methodologies for risk management, including risk identification and assessment[99]. Cash Flow and Financing - Cash used in operating activities was HKD 51,729,000, a decrease from HKD 80,512,000 in the previous year, indicating improved cash flow management[128]. - The net cash inflow from the sale of subsidiaries was HKD 6,235,000, compared to HKD 22,911,000 in the previous year, reflecting a decrease in divestment activity[129]. - The company raised approximately HKD 231,568,000 from a placement completed on April 17, 2023, with 19.6% (HKD 45,500,000) allocated to listed securities and 44.3% (HKD 102,700,000) for general working capital[24]. Financial Reporting and Standards - The company has applied new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on its financial position or performance for the year[132]. - The consolidated financial statements are prepared based on historical cost, except for certain financial instruments measured at fair value at the reporting date[134]. - The group recognizes revenue when control of the goods or services is transferred to the customer, which is aligned with the completion of performance obligations[145]. Shareholder Information - The group did not recommend a final dividend for the year ending December 31, 2024, compared to no dividend in 2023[17]. - Major shareholders include Sui Guangyi with 347,612,800 shares (22.26%) and Ma Xiaoqiu with 208,550,400 shares (13.36%)[51]. - Shareholders holding at least 10% of the paid-up capital can request a special general meeting within two months of their request[104].

Financial Performance - The company's revenue for the year ended December 31, 2024, was HKD 1,351 million, an increase of 19.2% compared to HKD 1,134 million in 2023[3] - The net loss attributable to the company's owners for the year was HKD 470,810 thousand, compared to a loss of HKD 310,932 thousand in the previous year, representing an increase in loss of 51.4%[4] - The basic and diluted loss per share for the year was HKD 30.15, compared to HKD 20.45 in 2023, indicating a 47.2% increase in loss per share[3] - The total loss for the group before tax in 2024 was significantly impacted by an impairment loss of HKD 119,824,000 on property, plant, and equipment, which was not present in 2023[19] - The group reported a total loss of HKD 121,995,000 in 2024, compared to a loss of HKD 4,395,000 in 2023, indicating a substantial increase in losses[14] Assets and Liabilities - Total assets decreased to HKD 503,043 thousand from HKD 1,010,994 thousand, reflecting a decline of 50.3% year-over-year[6] - The company's total equity fell to HKD 501,134 thousand from HKD 989,245 thousand, a decrease of 49.3%[8] - The group's total liabilities decreased to HKD 78,616,000 in 2024 from HKD 78,616,000 in 2023[16] - The group had no long-term borrowings as of December 31, 2024, compared to approximately HKD 10,102,000 in 2023[73] Cash and Cash Equivalents - The company's cash and cash equivalents dropped to HKD 66,253 thousand from HKD 173,342 thousand, a decrease of 61.8%[6] - As of December 31, 2024, the group's bank balance and cash amounted to approximately HKD 66,253,000, representing 12.8% of total assets, down from 16.2% in 2023[73] Investments - The company’s investment in Shanghai Hongpeng Energy Technology Co., Ltd. represented 10% ownership, with a fair value of HKD 21,283,000 as of December 31, 2024[32] - The company holds a 14.46% stake in Huayin International Holdings Limited, with a market value of HKD 19,798,000 and an unrealized loss of HKD 59,394,000[67] - The investment portfolio is diversified across property development, construction, environmental protection, clean energy, and innovative technology[66] - The company’s investment strategy is categorized into long-term holdings, mid-term private equity, and short-term trading of securities and other financial instruments[66] Dividends - The group did not declare any dividends for the year, consistent with the previous year[23] - The board does not recommend a final dividend for the year ending December 31, 2024, consistent with no dividend in 2023[72] Employee and Administrative Expenses - Administrative expenses decreased to HKD 110,605 thousand from HKD 118,969 thousand, a reduction of 7.8%[3] - The group incurred employee benefits expenses totaling HKD 31,245,000 in 2024, a decrease from HKD 33,975,000 in 2023[19] - As of December 31, 2024, the company had 6 employees, a decrease from 28 employees in 2023[81] Governance and Compliance - The company is in the process of appointing a new chairman to comply with governance standards, as the position has been vacant since February 2023[85] - The audit committee, composed of independent non-executive directors, reviewed the consolidated financial statements for the year ending December 31, 2024, and recommended their approval to the board[89] - The company confirmed compliance with all applicable corporate governance code provisions for the year ending December 31, 2024, with noted exceptions[84] Market Conditions - The geopolitical and economic uncertainties, particularly between the US and China, are expected to continue impacting global markets and supply chains[61] - The company plans to adopt a cautious strategy to manage its investment portfolio in a highly uncertain environment[79]

Financial Position - As of June 30, 2024, the carrying amount of property, plant, and equipment is approximately HKD 356,011,000, including land and buildings in China valued at about HKD 352,712,000[8]. - Non-current assets decreased to HKD 465.193 million as of June 30, 2024, down from HKD 768.987 million at the end of 2023, a reduction of 39.4%[19]. - Current assets also declined to HKD 164.068 million from HKD 298.874 million, representing a decrease of 45.0%[19]. - Total assets less current liabilities decreased to HKD 612,555,000 as of June 30, 2024, down from HKD 1,010,994,000 as of December 31, 2023[20]. - The net asset value dropped to HKD 607,373,000 from HKD 989,245,000 year-over-year, reflecting a significant decline[20]. - The total assets of the group as of June 30, 2024, were HKD 186,866,000, a decrease from HKD 291,117,000 in the previous year[97]. - The company's total assets decreased from HKD 445,705,000 as of December 31, 2023, to HKD 356,011,000 as of June 30, 2024[130]. Revenue and Loss - Total revenue for the six months ended June 30, 2024, was HKD 877 million, a significant increase from HKD 221 million in the same period of 2023, representing a growth of 296.4%[16]. - The net loss attributable to the company's owners for the period was HKD 368.847 million, compared to a profit of HKD 96.96 million in the prior year, indicating a decline of 479.1%[18]. - Total comprehensive loss for the period amounted to HKD 381.358 million, compared to a total comprehensive income of HKD 68.801 million in the same period last year[18]. - The company reported a loss of HKD 368,847,000 for the six months ended June 30, 2024, compared to a profit of HKD 96,960,000 in the same period of 2023[23]. - The company recognized a net loss of HKD 248.638 million from unrealized gains on financial assets measured at fair value through profit or loss, compared to a gain of HKD 140.833 million in the previous year[16]. - The group reported a pre-tax loss of HKD 370,837,000 for the six months ended June 30, 2024, compared to a profit of HKD 103,388,000 for the same period in 2023[104]. Cash Flow and Liabilities - The company reported a net cash position of HKD 105.127 million as of June 30, 2024, down from HKD 173.342 million at the end of 2023[19]. - Current liabilities were reduced to HKD 16.706 million from HKD 56.867 million, a decrease of 70.7%[19]. - The company reported a net cash outflow from investing activities of HKD 18,112,000, compared to HKD 49,234,000 in the previous year[26]. - The group reported total liabilities of HKD 16,889,000, down from HKD 65,239,000 in the previous year, indicating improved financial stability[97]. - The total financial liabilities measured at amortized cost were HKD 21,888,000 as of June 30, 2024, down from HKD 76,590,000 as of December 31, 2023[198]. Impairment and Valuation - The impairment loss recognized for property, plant, and equipment for the six months ended June 30, 2024, is approximately HKD 74,862,000[8]. - The valuation of property, plant, and equipment is identified as a key audit matter due to its significance in the consolidated financial statements[9]. - The group has engaged an independent valuer to determine the recoverable amount of assets, which involves significant judgments and estimates[9]. - The company recognized an impairment loss of approximately HKD 74,862,000 for certain land and buildings during the six months ended June 30, 2024, compared to no impairment loss for the same period in 2023[130]. Compliance and Reporting - The independent auditor's report confirms that the consolidated financial statements fairly present the financial position of the group as of June 30, 2024, in accordance with Hong Kong Financial Reporting Standards[5]. - The financial statements have been prepared in compliance with the disclosure requirements of the Hong Kong Companies Ordinance[5]. - The group has applied revised Hong Kong Financial Reporting Standards (HKFRS) during the interim period, which became effective on January 1, 2024, with no significant impact on the financial position and performance[28]. - The group has not early adopted any newly issued or revised HKFRS that have been published but are not yet effective, including HKFRS 10 and HKAS 28 regarding asset sales or contributions between investors and their associates or joint ventures[30]. Shareholder Information - The total equity decreased from HKD 989,245,000 to HKD 607,373,000, indicating a significant reduction in shareholder value[21]. - The average number of ordinary shares used for calculating basic loss per share was approximately 1,561,434,000 for the six months ended June 30, 2024[123]. - The total issued and paid-up share capital increased to 1,561,434,000 shares as of June 30, 2024, from 1,420,290,000 shares as of January 1, 2023, reflecting an increase of approximately 9.9%[165]. - The company has not declared an interim dividend for the six months ended June 30, 2024, consistent with the previous year[120]. Employee Benefits and Compensation - The company incurred a total employee benefit expense of HKD 20,179,000, compared to HKD 18,978,000 in the previous year, reflecting an increase in operational costs[99]. - The total remuneration for directors during the six months ended June 30, 2024, was HKD 4,289,000, compared to HKD 4,289,000 for the same period in 2023[106]. - The highest-paid employee's total compensation for the six months ended June 30, 2024, was HKD 1,113,000, down from HKD 1,246,000 in the previous year[120]. Taxation - The tax expense for the current period was a credit of HKD 1,990,000, significantly lower than the tax expense of HKD 6,428,000 in the previous year[103]. - There were no tax losses recognized for the current period, resulting in no tax provisions made for Hong Kong profits tax[104]. - The effective tax rate for the group's Chinese subsidiaries remains at 25% for both periods[104]. Financial Instruments and Risk Management - The group faces equity price risk primarily from investments in listed and unlisted equity securities[199]. - Financial assets and liabilities are recognized when the group becomes a party to the contractual provisions of the instrument, with initial measurement at fair value[63]. - The group uses the expected credit loss model for impairment assessment of financial assets, updating the expected credit loss amount at each reporting date[69]. - The management regularly monitors the investment portfolio to manage price risk associated with financial assets[199].

Financial Performance - The company reported a revenue of HKD 877,000 for the six months ended June 30, 2024, compared to HKD 221,000 for the same period in 2023, representing a significant increase [2]. - The net loss attributable to the company's owners for the period was HKD 368,847,000, a decline from a profit of HKD 96,960,000 in the previous year [3]. - The basic and diluted loss per share was HKD 23.62, compared to earnings of HKD 6.56 per share in the prior year [2]. - Total comprehensive loss for the period amounted to HKD 381,358,000, compared to a comprehensive income of HKD 68,801,000 in the same period last year [3]. - The group reported a pre-tax loss of HKD 368,847,000 for the six months ended June 30, 2024, compared to a profit of HKD 96,960,000 for the same period in 2023 [23]. - The group reported a loss of HKD 76.16 million from impairment losses, compared to a loss of HKD 5.025 million in the previous year [13]. Assets and Liabilities - Non-current assets decreased to HKD 465,193,000 as of June 30, 2024, down from HKD 768,987,000 at the end of December 2023 [4]. - Current assets were reported at HKD 164,068,000, a decrease from HKD 298,874,000 at the end of December 2023 [4]. - The company's total equity decreased to HKD 607,373,000 from HKD 989,245,000 at the end of December 2023 [5]. - Total assets as of June 30, 2024, were HKD 629.261 million, down from HKD 1,067.861 million as of December 31, 2023 [15]. - Total liabilities decreased to HKD 21.888 million from HKD 78.616 million as of December 31, 2023 [15]. - The company has not reported any borrowings as of June 30, 2024, compared to HKD 34,792,000 in borrowings at the end of December 2023 [5]. Cash and Investments - The company’s cash and cash equivalents were reported at HKD 105,127,000, down from HKD 173,342,000 at the end of December 2023 [4]. - The group’s cash balance for securities trading accounts was HKD 18,747,000 as of June 30, 2024, down from HKD 19,315,000 at the end of 2023 [26]. - The fair value of financial assets measured at fair value through profit or loss was HKD 107,619,000 as of June 30, 2024, down from HKD 380,775,000 as of December 31, 2023 [32]. - The company’s non-listed securities investments amounted to approximately HKD 22,308,000 as of June 30, 2024, compared to HKD 22,005,000 as of December 31, 2023 [50]. Shareholder Information - Major shareholders include Hong Kong Ding Yi Feng International Holdings Group Limited with a 12.68% stake and Sui Guangyi with a 22.26% stake as of June 30, 2024 [64]. - The company issued 140,344,000 shares at a price of HKD 1.65 per share, raising approximately HKD 231,568,000 on April 17, 2023 [30]. - As of December 31, 2023, the company had a total of 1,561,434,000 shares issued and fully paid, with a par value of HKD 0.05 per share [30]. Corporate Governance - The company has complied with all applicable provisions of the corporate governance code as of June 30, 2024, except for the noted deviations [67]. - The role of Chairman has been vacant since February 2023, and the board is currently seeking a suitable candidate to fill this position [68]. - The Chairman of the board did not attend the annual general meeting held on June 5, 2024, due to the ongoing search for a suitable candidate [69]. - The audit committee consists solely of independent non-executive directors and is responsible for reviewing the financial reporting process and internal control systems [70]. Strategic Outlook - The company is adopting a cautious strategy to manage its investment portfolio amid high uncertainty in the political and economic environment, including the impact of the upcoming U.S. presidential election and ongoing global conflicts [61]. - The company’s strategy includes long-term securities investments and short-term trading of equity securities, focusing on property development, e-commerce, construction, and innovative technology investments [51].

Financial Assets and Investments - The company's total listed securities classified as financial assets at fair value through profit or loss amounted to approximately HKD 380,775,000 as of December 31, 2023, compared to HKD 604,588,000 in 2022[15] - The company acquired a 10% equity stake in Shanghai Hongpeng Energy Technology Co., Ltd., which focuses on nuclear fusion technology R&D and commercial applications[16] - The company's investment strategy includes long-term equity holdings, medium-term private equity and venture capital, and short-term trading of securities and other financial instruments, covering sectors such as property development, construction, environmental protection, finance, clean energy, and innovation[17] - The company's investment in Shanghai Hongpeng Energy Technology Co., Ltd. amounted to HKD 21,891,000, representing a 2.06% stake[18] - The company holds 14.46% equity in Huayin International Holdings Limited with a market value of HKD 171,930,000 and an unrealized gain of HKD 92,738,000[37] - The company holds 9.76% equity in Chuangye Group (Holdings) Limited with a market value of HKD 94,044,000 and an unrealized gain of HKD 51,046,000[37] - The company holds 0.99% equity in Huizhou Intelligent Technology Group Co., Ltd. with a market value of HKD 91,071,000 and an unrealized gain of HKD 41,954,000[37] - The company holds less than 0.01% equity in Hong Kong Exchanges and Clearing Limited with a market value of HKD 8,040,000 and an unrealized gain of HKD 57,000[37] - The company holds less than 0.01% equity in Tencent Holdings Limited with a market value of HKD 11,744,000 and an unrealized gain of HKD 52,000[37] - The company's investment in Huayin International Holdings Limited has a market value of HKD 422,010,000, representing a 342,818,000 HKD gain from the cost of HKD 79,192,000, with a capital ratio of 14.46%[54] - The company's investment in Chuangye Group (Holdings) Limited has a market value of HKD 72,100,000, representing a 29,102,000 HKD gain from the cost of HKD 42,998,000, with a capital ratio of 11.46%[54] - The company's investment in Tianma Bearing Group Co., Ltd. (now Huizhou Intelligent Technology Group Co., Ltd.) has a market value of HKD 98,779,000, representing a 27,591,000 HKD gain from the cost of HKD 71,188,000, with a capital ratio of 1.41%[54] - The company's investment in Shanghai Hongpeng non-listed securities as of December 31, 2023, was approximately HKD 22,005,000, classified as equity instruments measured at fair value through other comprehensive income[62] - The company's total assets include significant securities investments in Huayin International Holdings Limited, Chuangye Group (Holdings) Limited, and Huizhou Intelligent Technology Group Co., Ltd., each exceeding 5% of the company's total assets[69] - The company's non-listed equity investments, measured at fair value through other comprehensive income, amounted to HKD 22,005,000 in 2023, up from zero in 2022[137] - The company holds a 10% stake in Shanghai Hongpeng Energy Technology Co., Ltd., with a fair value of HKD 22,005,000 and an accumulated unrealized gain of HKD 114,000[139] - The fair value of financial assets measured through profit or loss was HKD 380,775,000 in 2023, down from HKD 604,588,000 in 2022, with a significant portion in Hong Kong-listed equity securities[143] - The company's investment in Hong Kong Exchanges and Clearing Limited (HKEX) had a fair value of HKD 2,993,000 in 2022, representing 0.24% of the company's total assets[152] - The company's investment in Alibaba Group Holding Limited had a fair value of HKD 2,156,000 in 2022, representing 0.29% of the company's total assets[200] Financial Performance and Losses - The company recorded a net loss of approximately HKD 310,932,000 for the year ended December 31, 2023, a decrease of 6.1% compared to the net loss of HKD 331,187,000 in 2022[34] - The company's net loss reduction was partly due to a net gain of approximately HKD 33,196,000 from the sale/write-off of subsidiaries, compared to a net loss of HKD 190,000 in 2022[34] - The company's loss attributable to owners was HK$310,932,000 in 2023, a slight improvement from HK$331,187,000 in 2022[118] - Basic and diluted loss per share remained unchanged at HK$0.20 for both 2023 and 2022, as unexercised share options had an anti-dilutive effect[118] - The pre-tax loss for 2023 was HK$302,526 thousand, an improvement from HK$331,187 thousand in 2022[104] Cash and Bank Balances - The company's bank balances and cash increased to approximately HKD 173,342,000 as of December 31, 2023, representing 16.2% of total assets, up from 8.3% in 2022[21] - The company's total assets included HKD 173,342,000 in bank balances and cash, accounting for 16.2% of total assets as of December 31, 2023[21] Borrowings and Debt - The company's long-term borrowings (unsecured interest-bearing bonds) decreased to approximately HKD 10,102,000 as of December 31, 2023, from HKD 38,532,000 in 2022[21] - The company's short-term borrowings decreased to HKD 34,792,000 in 2023 from HKD 55,440,000 in 2022[41] - The company's capital-to-debt ratio decreased to 4.5% in 2023 from 8.6% in 2022[42] Share Issuance and Capital - The company issued 140,344,000 ordinary shares at HKD 1.65 per share, raising approximately HKD 231,568,000 in April 2023[46] - As of December 31, 2023, the company had utilized 19.6% (HKD 45,500,000) of the raised funds for investments in listed securities and 44.3% (HKD 102,700,000) for general working capital[46] - The company exercised 800,000 share options at HKD 0.808 per share, raising approximately HKD 646,000 in 2023[45] Asset and Liability Changes - The company's total assets decreased to HKD 1,067,861 thousand in 2023 from HKD 1,217,462 thousand in 2022, with non-current assets also declining to HKD 763,606 thousand from HKD 991,118 thousand[92] - The company's total liabilities decreased to HKD 78,616 thousand in 2023 from HKD 120,770 thousand in 2022[92] - Property, plant and equipment decreased to HK$503,908,000 in 2023 from HK$514,683,000 in 2022, with significant additions in vehicles (HK$2,720,000)[120] - Intangible assets decreased to HK$11,509,000 in 2023 from HK$13,301,000 in 2022, mainly due to disposal of subsidiaries[122] Expenses and Costs - The company's financial expenses decreased to HKD 8,797 thousand in 2023 from HKD 16,645 thousand in 2022, primarily due to lower interest expenses on loan notes and bonds[95] - The company's employee benefit expenses increased to HKD 33,975 thousand in 2023 from HKD 29,728 thousand in 2022, including a new HKD 4,335 thousand expense for equity-settled share-based payments[96] - The company recognized an intangible asset impairment loss of HKD 4,811 thousand in 2023, compared to HKD 1,109 thousand in 2022[96] - The company's depreciation expenses for property, plant, and equipment decreased slightly to HKD 12,236 thousand in 2023 from HKD 12,551 thousand in 2022[96] - The company's tax expense for the year 2023 was HK$8,406 thousand, compared to none in 2022[102] - The company's deferred tax expense for 2023 was HK$8,390 thousand[102] - The company's tax impact from unrecognized temporary differences was HK$33,818 thousand in 2023[104] - The company added HKD 2,771 thousand to property, plant, and equipment in 2023, compared to HKD 1,054 thousand in 2022[92] - The total lease cash outflow for the year was HKD 14,653,000, compared to HKD 13,781,000 in 2022, with lease contracts typically ranging from one to three years[132] - Prepayments, deposits, and other receivables totaled HKD 19,315,000 in 2023, up from HKD 11,647,000 in 2022, with non-current assets including lease deposits of HKD 5,381,000[134] Economic and Market Conditions - China's GDP grew by 5.2% in 2023, exceeding the IMF's forecast of 4.6%, with global economic growth projected at 3.1% for 2024[56] - The fair value of the company's financial assets measured at fair value through other comprehensive income was HKD 22,005 thousand as of December 31, 2023, with increased valuation uncertainty due to global economic instability[87] Foreign Currency and Hedging - The company's major financial assets denominated in RMB as of December 31, 2023, amounted to approximately HKD 139,986,000, compared to HKD 131,995,000 in 2022[71] - The company has no formal foreign currency hedging policy but will monitor and consider hedging significant foreign currency risks as needed[71] Capital Commitments and Investments - The company's capital commitments for property, plant, and equipment as of December 31, 2023, were approximately HKD 15,754,000, a decrease from HKD 16,191,000 in 2022[55] - The company's capital commitments for property, plant, and equipment as of December 31, 2023, were approximately HKD 15,754,000, a decrease from HKD 16,191,000 in 2022[55] Interest Income and Expenses - The company's interest income from banks and financial institutions increased significantly to HKD 1,134 thousand in 2023, compared to HKD 252 thousand in 2022[90] Director and Employee Compensation - Total director remuneration for 2023 was HK$15,402 thousand, up from HK$8,682 thousand in 2022[106] - The highest-paid employee received HK$2,364 thousand in 2023, down from HK$4,681 thousand in 2022[113] - The company paid HK$2,037 thousand in insurance premiums for two executive directors in 2023[107] - The company did not provide any joining or departure compensation to directors or top-paid employees in 2023[114] Dividends and Shareholder Returns - The company did not declare any dividends for the year 2023, consistent with 2022[115] Net Asset Value and Share Performance - Net asset value per share decreased to approximately HK$0.63 in 2023 from HK$0.77 in 2022, calculated based on net assets of HK$989,245,000 and 1,561,434,000 issued ordinary shares[117] Impairment and Valuation - Impairment loss of approximately HK$4,811,000 was recognized for the Class 9 regulated activity license in 2023, based on independent valuation[124] - No impairment loss was recognized for cross-border vehicle permits in the fiscal year ending December 31, 2023, compared to a loss of approximately HKD 1,109,000 in 2022[129] Liquidity and Risk Management - The company's liquidity risk management framework maintains sufficient reserves by monitoring forecasted and actual cash flows, with listed securities considered readily realizable[126] Deferred Tax and Tax Uncertainty - The company's deferred tax assets are subject to significant uncertainty, as their recognition depends on future profitability and taxable temporary differences[87]

Financial Performance - For the year ended December 31, 2023, the company reported total revenue of HKD 1,134,000, compared to HKD 252,000 for the previous year, representing a significant increase of 350%[18]. - The net loss attributable to the company's owners for the year was HKD 310,932,000, a slight improvement from a net loss of HKD 331,187,000 in the previous year, indicating a reduction in losses by approximately 6%[19]. - The company's basic and diluted loss per share for the year was HKD 20.45, compared to HKD 23.97 in the previous year, reflecting a decrease in loss per share by about 14%[18]. - The group reported a pre-tax loss of HKD 8,797,000 compared to HKD 16,645,000 in the previous year, indicating a reduction in losses[34]. - The group incurred a loss attributable to shareholders of HKD 310,932,000, slightly improved from HKD 331,187,000 in the prior year[50]. - The company recorded a net loss of approximately HKD 310,932,000 for the year ended December 31, 2023, a decrease of about HKD 20,255,000 or 6.1% compared to a net loss of HKD 331,187,000 in 2022[99]. Assets and Liabilities - The total equity of the company as of December 31, 2023, was HKD 989,245,000, down from HKD 1,096,692,000 in the previous year, representing a decline of approximately 10%[12]. - Total assets decreased to HKD 1,067,861,000 from HKD 1,217,462,000, a decline of approximately 12.3% year-over-year[44]. - Total liabilities decreased to HKD 78,616,000 from HKD 120,770,000, a reduction of about 34.9% year-over-year[44]. - The company's non-current liabilities decreased significantly from HKD 38,532,000 to HKD 10,102,000, a reduction of approximately 74%[12]. - The company's reserves decreased from HKD 1,025,678,000 to HKD 911,173,000, reflecting a decline of about 11%[12]. - The net asset value per share was approximately HKD 989,245,000, down from HKD 1,096,692,000 in the previous year[38]. Financial Gains and Losses - The company recorded a net realized gain of HKD 5,870,000 from the sale of financial assets measured at fair value through profit or loss, compared to a net loss of HKD 2,798,000 in the previous year[18]. - The company reported a foreign exchange loss of HKD 15,937,000 for the year, compared to a loss of HKD 51,940,000 in the previous year, indicating an improvement of about 69%[9]. - The group reported a net loss from foreign exchange of HKD 253,000, an improvement from HKD 729,000 in the previous year[45]. - The impairment loss on intangible assets rose to HKD 4,811,000 in 2023 from HKD 1,109,000 in 2022, indicating a significant increase[60]. Investments and Capital Expenditures - The group made capital expenditures of HKD 2,771,000 on property, plant, and equipment, compared to HKD 1,054,000 in the previous year[44]. - The company acquired a 10% stake in Shanghai Hongpeng Energy Technology Co., Ltd., which focuses on research and development of nuclear fusion technology and commercial applications of fusion neutron source products[100]. - The group has a capital commitment of approximately HKD 15,754,000 for properties, plants, and equipment as of December 31, 2023, slightly down from HKD 16,191,000 in 2022[134]. Shareholder Information - The group did not declare any dividends for the year, consistent with the previous year[47]. - The board does not recommend the payment of a final dividend for the year ended December 31, 2023, consistent with no dividend in 2022[132]. Compliance and Standards - The company has not early adopted any new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective[30]. - The group is in compliance with the applicable regulations of the Cayman Islands Companies Law and the Hong Kong Listing Rules as of December 31, 2023[152]. Employee and Operational Metrics - The group had a total of 28 employees as of December 31, 2023, down from 35 in 2022[153]. - Total employee benefit expenses increased to HKD 33,975,000 in 2023 from HKD 29,728,000 in 2022, reflecting an increase of 14.8%[60]. Future Outlook - The board will continue to seek attractive long-term investment opportunities amid global market volatility[131]. - The group’s investment strategy includes long-term equity investments, mid-term private equity, and short-term trading of securities and other financial instruments[128]. - The board emphasizes prudent management of the investment portfolio to align with shareholder interests[125].

Financial Performance - For the six months ended June 30, 2023, the group achieved a revenue of HKD 221,000, an increase from HKD 149,000 in the same period last year, representing a growth of approximately 48.3%[103] - The group recorded a profit attributable to owners of HKD 96,960,000 for the six months ended June 30, 2023, compared to a loss of HKD 272,278,000 in the previous year[104] - The basic earnings per share for the period was HKD 6.56, a significant improvement from a loss per share of HKD 20.05 in the prior year[103] - The group’s total comprehensive income for the period was HKD 68,801,000, compared to a total comprehensive loss of HKD 301,561,000 in the previous year[104] - For the six months ended June 30, 2023, the company reported a profit of HKD 96,960,000, a significant recovery from a loss of HKD 272,278,000 in the same period last year[124] Assets and Liabilities - As of June 30, 2023, the company's current assets amounted to HKD 8,999,000, while non-current assets totaled HKD 3,817,000, compared to HKD 11,647,000 and HKD 7,529,000 respectively as of December 31, 2022[5] - The company's total assets as of June 30, 2023, amounted to HKD 752,142,000, an increase from HKD 604,588,000 as of December 31, 2022[198] - The company's net asset value rose to HKD 1,397,748,000, up from HKD 1,096,692,000, indicating an increase of about 27.5%[122] - The company's cash and cash equivalents increased to HKD 149,257,000 from HKD 107,309,000, representing a growth of approximately 39.1%[121] - The company’s current liabilities decreased to HKD 59,891,000 from HKD 73,309,000, a reduction of about 18.3%[121] Share Issuance and Capital - The company issued 140,344,000 ordinary shares at a price of HKD 1.65 per share on April 17, 2023, raising approximately HKD 231,568,000[23] - The company issued 37,912,000 ordinary shares at a placement price of HKD 3.05 per share, raising approximately HKD 115,632,000 on May 16, 2022[49] - The company raised HKD 231,567,600 by issuing 140,344,000 ordinary shares at a placement price of HKD 1.65 per share on April 17, 2023, with 8.6% allocated to investments in listed securities and 24.5% for general working capital[68] Expenses and Costs - The group incurred administrative expenses of HKD 66,641,000, up from HKD 51,174,000 in the previous year, indicating an increase of approximately 30.1%[103] - The company reported employee benefits expenses of HKD 4,009,000 for the six months ended June 30, 2023, compared to HKD 3,858,000 for the same period in 2022, reflecting an increase of approximately 3.9%[54] - Total employee costs, including directors' remuneration, decreased slightly to HKD 12,713,000 in 2023 from HKD 12,765,000 in 2022, reflecting a reduction of about 0.4%[138] Investments and Securities - The company has utilized HKD 20,000,000 (8.6% of total proceeds) for investments in Tencent and Alibaba securities[68] - The company held listed equity securities valued at HKD 622,760,000 in Hong Kong and HKD 129,382,000 in China as of June 30, 2023, compared to HKD 505,341,000 and HKD 99,247,000 respectively as of December 31, 2022[198] - The market value of investments in associated companies was reported at HKD 521,000,000 for Tencent Holdings Limited, representing a 14.46% ownership[176] Cash Flow and Liquidity - The group reported a net cash increase of HKD 151,794,000 for the six months ended June 30, 2023, compared to HKD 34,263,000 in the same period of 2022, indicating a substantial improvement in cash flow[153] - The group reported a net cash inflow from investing activities of HKD 20,310,000, contrasting with a net cash outflow of HKD 1,004,000 in the same period last year[109] - The company reported a net cash position of HKD 251,690,000 as of June 30, 2023, compared to HKD 143,937,000 in the same period of 2022, indicating a stronger liquidity position[153] Corporate Governance and Compliance - The company has adopted the corporate governance code as per the listing rules and confirmed compliance by all directors during the period[77] - The group did not recommend an interim dividend for the six months ended June 30, 2023, consistent with the previous year[139] Risks and Challenges - The geopolitical tensions and economic uncertainties, including the ongoing COVID-19 pandemic and inflation, pose significant risks to the global economy[71] - The group recorded a significant increase in the impairment loss of intangible assets, which rose to HKD 4,759,000 in 2023 from HKD 1,109,000 in 2022, indicating potential challenges in asset valuation[138] Other Notable Points - The company has granted certain former subsidiaries the right to use properties valued at approximately HKD 440,465,000 for free until September 29, 2025, while holding an 18% equity stake in these subsidiaries as of June 30, 2023[1] - The company reported a financial asset measured at fair value through other comprehensive income, with no significant contingent liabilities as of June 30, 2023[33] - The company does not recommend any interim dividend for the period[62]