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大唐西市(00620) - 截至二零二五年七月三十一日止之股份发行人的证券变动月报表
2025-08-04 02:55
股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致:香港交易及結算所有限公司 公司名稱: 大唐西市絲路投資控股有限公司 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00620 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.5 | HKD | | 2,500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.5 | HKD | | 2,500,000,000 | 本月 ...
300620,筹划购买资产事项,今起停牌
Group 1 - The "Childcare Subsidy System Implementation Plan" was announced, providing an annual subsidy of 3600 yuan for each child, regardless of whether it is the first, second, or third child, until the child reaches the age of three, starting from January 1, 2025 [7][8] - The subsidy is applicable to children under three years old born after January 1, 2025, and those born before that date but not yet three years old will receive a prorated amount based on the number of months eligible for the subsidy [8] - The plan aims to enhance economic vitality, with a cumulative reduction in taxes and fees expected to reach 10.5 trillion yuan during the "14th Five-Year Plan" period, alongside significant export tax refunds [8] Group 2 - The Shanghai Municipal Economic and Information Commission issued measures to expand artificial intelligence applications, including a support system for computing power, models, and data resources [15] - The Hong Kong Stock Exchange announced a reduction in the minimum price fluctuation for stocks, effective August 4, which is expected to lower trading costs and improve efficiency [15] - Companies like WuXi AppTec and JuCheng Co. reported significant profit increases in the first half of the year, with WuXi AppTec's net profit reaching 8.561 billion yuan, a year-on-year increase of 101.92% [16][17] Group 3 - Companies are actively engaging in significant asset restructuring and acquisitions, such as Light Library Technology planning to acquire control of Anjie Xun and Zhonghua Equipment's acquisition of 100% equity in two companies [18][19] - The stock of Aisilon has been suspended due to ongoing negotiations regarding a major asset restructuring, with the company expected to disclose relevant information within ten trading days [18] - The market is closely monitoring the performance of companies like Shangwei New Materials, which has seen its stock price deviate significantly from its fundamentals, indicating potential market risks [24] Group 4 - Analysts suggest focusing on industries that may benefit from an increase in birth rates, including maternal and infant chains, dairy products, and children's pharmaceuticals, as part of a broader economic strategy [24]
停牌!300620,重组!
Zhong Guo Ji Jin Bao· 2025-07-28 15:48
Core Viewpoint - Guangku Technology plans to acquire control of Suzhou Anjie Xun Optoelectronics Technology Co., Ltd. through a combination of issuing shares, convertible bonds, and cash payments, while also raising matching funds [2] Group 1: Company Overview - Guangku Technology operates in the optical communication device industry, which is benefiting from the rapid development of AI and the popularity of AR and VR technologies [2] - Anjie Xun is also in the optical communication device sector, primarily engaged in high-density optical fiber pre-connector systems and related products [9] - The controlling shareholder of Anjie Xun is Zhang Guanming, who holds a 60.7133% stake [4] Group 2: Financial Performance - Guangku Technology's 2024 annual report indicates that the optical communication device industry is expected to grow steadily due to increasing demand for data centers and network bandwidth driven by AI [10] - The company forecasts a net profit attributable to shareholders of between 48.56 million and 54.63 million yuan for the first half of 2025, representing a year-on-year increase of 60% to 80% [12] - The net profit after deducting non-recurring gains and losses is expected to be between 38.90 million and 43.69 million yuan, reflecting a growth of 63% to 83% compared to the previous year [12]
智通港股52周新高、新低统计|7月24日
智通财经网· 2025-07-24 08:45
智通财经APP获悉,截止7月24日收盘,有190只股票创52周新高,其中大唐西市(00620)、国药科技股份 (08156)、环联连讯(01473)创高率位于前3位,分别为41.43%、37.50%、23.64%。 | 康臣药业(01681) | 12.860 | 12.860 | 2.06% | | --- | --- | --- | --- | | 药明合联(02268) | 57.100 | 57.700 | 2.03% | | 品质国际(00243) | 0.465 | 0.510 | 2.00% | | 浙江沪杭甬(00576) | 7.650 | 7.680 | 1.99% | | GX中美科技(03402) | 72.700 | 73.100 | 1.95% | | 隽思集团(01412) | 1.550 | 1.580 | 1.94% | | 新华保险(01336) | 48.300 | 48.700 | 1.88% | | 华夏日股对冲(03160) | 23.000 | 23.080 | 1.85% | | 基石药业-B(02616) | 7.580 | 7.700 | 1.85% | | ...
智通港股52周新高、新低统计|7月8日
智通财经网· 2025-07-08 08:45
Summary of Key Points Core Viewpoint - As of July 8, a total of 109 stocks reached their 52-week highs, indicating a strong performance in the market, with notable leaders in the high-growth category [1]. Group 1: Stocks Reaching 52-Week Highs - Jin Yong Investment (01328) achieved a high rate of 237.08%, closing at 12.600 and peaking at 15.000 [1]. - Pin Chuang Holdings (08066) recorded a high rate of 37.37%, with a closing price of 0.620 and a peak of 0.680 [1]. - Baishida Holdings (01168) reached a high rate of 21.79%, closing at 8.730 and peaking at 9.000 [1]. - Other notable stocks include China Chunlai (01969) with an 18.10% increase, and Datang Xishi (00620) with a 16.67% increase [1]. Group 2: Additional Stocks with Significant Increases - China Anshu Energy (02399) and Charoen Pokphand International (03839) both saw increases of 16.67% and 14.96% respectively [1]. - OSL Group (00863) and New Fire Technology Holdings (01611) also showed strong performance with increases of 12.30% and 12.00% respectively [1]. - The list continues with various companies showing increases ranging from 10.36% to 3.28%, indicating a broad market rally [2][3]. Group 3: Stocks Reaching 52-Week Lows - On the downside, Dixintong (06188) experienced a significant drop of 23.22%, closing at 0.182 with a low of 0.162 [3]. - Other companies like Aidewei Construction Group (06189) and Dali Environmental (01790) also faced declines of 8.75% and 7.69% respectively [3]. - The trend of declining stocks includes several others with varying degrees of loss, highlighting the volatility in certain sectors [3][4].
大唐西市(00620.HK)7月8日收盘上涨56.0%,成交65.98万港元
Jin Rong Jie· 2025-07-08 08:37
Group 1 - The core viewpoint of the news highlights the recent performance of 大唐西市 (Dagang Xishi), which saw a significant stock price increase of 56.0% on July 8, closing at 0.39 HKD per share, despite a year-to-date decline of 3.85% [1] - Financial data indicates that for the year ending December 31, 2024, Dagang Xishi reported total revenue of 39.29 million HKD, a decrease of 4.63% year-on-year, while the net profit attributable to shareholders was -21.98 million HKD, showing a substantial increase of 92.14% compared to the previous year [1] - The company's gross profit margin stands at 96.08%, with a debt-to-asset ratio of 73.58% [1] Group 2 - The average price-to-earnings (P/E) ratio for the support services industry is 3.44 times, with a median of 3.1 times, while Dagang Xishi's P/E ratio is -7.03 times, ranking 74th in the industry [1] - Other companies in the Chinese education sector have P/E ratios ranging from 1.42 times to 2.66 times, indicating that Dagang Xishi is significantly undervalued compared to its peers [1]
大唐西市(00620) - 2024 - 年度财报
2025-04-30 08:33
Financial Performance - The company recorded revenue of approximately HKD 42,400,000 for the year ending December 31, 2024, a decrease of about 5% compared to HKD 44,500,000 in 2023[10]. - The net loss for the year was approximately HKD 33,100,000, significantly reduced from a loss of HKD 358,500,000 in the previous year, primarily due to the absence of one-time impairment losses[10]. - The arts and culture segment generated revenue of approximately HKD 34,000,000, with a pre-tax profit of HKD 6,200,000, a turnaround from a pre-tax loss of HKD 164,300,000 in the previous year[14]. - The wine and trade division reported a revenue of approximately HKD 2,100,000, up from HKD 2,000,000 in 2023, and a pre-tax profit of approximately HKD 4,100,000, recovering from a pre-tax loss of HKD 5,200,000 in the previous year[21]. - The group reported a net loss of approximately HKD 33,087,000 for the year ended December 31, 2024[152]. - Total revenue for the year ended December 31, 2024, was HKD 42,432,000, a decrease of 4.6% from HKD 44,493,000 in 2023[171]. - The company reported a pre-tax loss of HKD 29,514,000, significantly improved from a loss of HKD 371,436,000 in the previous year, representing a reduction of 92.1%[171]. - Total comprehensive expenses for the year amounted to HKD 46,075,000, down from HKD 378,365,000 in 2023, reflecting a reduction of 87.8%[173]. Operational Developments - The property development segment contributed approximately HKD 6,300,000 in revenue, with a pre-tax loss of HKD 30,700,000, a significant improvement from a loss of HKD 184,500,000 in 2023[11]. - The company is actively developing the "Silk Road International Cultural Center," which includes three office buildings with a total construction area of approximately 260,000 square meters[11]. - The "Silk Road International Financial Center" project is expected to be topped out in 2025 and completed in 2026, with several financial institutions already established in the project[8]. - The company is participating in the "Hainan International Cultural and Art Trading Center," aiming to leverage favorable policies and achieve new revenue milestones by the end of 2025[9]. - The company aims for high-quality development in 2025, emphasizing action and strategic determination to achieve its annual goals[9]. Financial Position - As of December 31, 2024, the company's cash and cash equivalents totaled approximately HKD 16,200,000 as of December 31, 2024, down from HKD 23,100,000 in 2023, primarily due to cash consumption from daily operations[31]. - The company's outstanding secured borrowings amounted to approximately HKD 1,392,100,000 as of December 31, 2024, an increase from HKD 1,339,500,000 in 2023[31]. - The capital-to-debt ratio was approximately 161.2% as of December 31, 2024, compared to 148.3% in 2023[32]. - The group’s net asset value decreased from HKD 974,682,000 in 2023 to HKD 928,221,000 in 2024, a reduction of about 4.8%[176]. - The group faced significant uncertainty regarding its ability to continue as a going concern due to legal disputes related to delayed payments[152]. Risk Management and Compliance - The company has implemented a risk management framework to address various operational and financial risks[25]. - The group has maintained compliance with all relevant laws and regulations, with no significant violations reported during the fiscal year[58]. - The company has adopted a fraud prevention and whistleblowing policy to maintain high standards of integrity and ethics, with no significant fraud or misconduct incidents reported affecting financial statements[140]. - The board has conducted an annual review of the risk management and internal control systems, concluding that they were effectively implemented during the fiscal year[139]. Shareholder and Governance Matters - The group did not recommend any dividend for the fiscal year ending December 31, 2024, consistent with the previous year[64]. - The board has confirmed the independence of all independent non-executive directors, ensuring compliance with the Hong Kong Stock Exchange's listing rules[77]. - The company has adopted a corporate governance code and has complied with its provisions throughout the reporting period[103]. - The board has established a framework for corporate governance, ensuring compliance with legal and regulatory requirements[129]. - The company emphasizes timely and transparent communication with shareholders, maintaining a dedicated website for financial reports and shareholder communications[141]. Future Outlook - The management believes that the cultural and art market is poised for a rebound, despite short-term uncertainties in the Chinese economy[22]. - The group plans to accelerate the pre-sale and sale of developed properties to improve cash flow[187]. - The ultimate controlling party has committed to providing necessary financial support to ensure the group meets its operational and financial obligations[187].
大唐西市(00620) - 2024 - 年度业绩
2025-03-30 10:13
Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 42,432,000, a decrease of 4.6% from HKD 44,493,000 in 2023[3] - The company reported a pre-tax loss of HKD 29,514,000, significantly improved from a loss of HKD 371,436,000 in the previous year, representing a reduction of approximately 92.1%[3] - The net loss for the year was HKD 33,087,000, compared to a net loss of HKD 358,453,000 in 2023, indicating a year-over-year improvement of about 90.8%[4] - The basic and diluted loss per share improved to HKD 3.56 from HKD 45.25 in the previous year, marking a significant recovery[4] - The group reported a net loss of approximately HKD 33,087,000 for the year ending December 31, 2024[11] - The company reported a loss attributable to equity holders of HKD 23,731,000 for the year ended December 31, 2024, compared to a loss of HKD 302,064,000 for the previous year, indicating a significant improvement[42] - The net loss for the year ending December 31, 2024, was approximately HKD 33,100,000, significantly reduced from a loss of HKD 358,500,000 in 2023, primarily due to the absence of one-time impairment losses[50] Assets and Liabilities - The company's total assets as of December 31, 2024, amounted to HKD 3,376,963,000, a slight increase from HKD 3,328,203,000 in 2023[5] - Current liabilities decreased to HKD 1,220,289,000 from HKD 2,493,360,000, reflecting a reduction of approximately 51%[6] - The company’s cash and cash equivalents decreased to HKD 16,175,000 from HKD 23,079,000, a decline of about 30%[5] - Non-current assets decreased to HKD 135,961,000 from HKD 150,829,000, a decline of approximately 9.8%[5] - The company’s equity attributable to shareholders decreased to HKD 853,438,000 from HKD 887,417,000, a reduction of about 3.8%[6] - As of December 31, 2024, the total interest-bearing borrowings amounted to approximately HKD 1,392,069,000, with current interest-bearing borrowings at HKD 223,591,000[11] - The company reported a foreign exchange loss of approximately HKD 13,000,000 for the year ended December 31, 2024, compared to HKD 19,900,000 in 2023[62] - The company's total borrowings as of December 31, 2024, amount to approximately HKD 1,392,069,000, with cash and cash equivalents of only about HKD 16,175,000[73] Revenue Segmentation - The revenue from the art and culture segment was HKD 33,973,000, down from HKD 35,948,000, reflecting a decline of 5.5%[31] - The wine and trade segment reported revenue of HKD 2,118,000, an increase of 7.5% from HKD 1,970,000 in the previous year[31] - The property development segment generated revenue of HKD 6,341,000, a decrease of 3.6% compared to HKD 6,575,000 in 2023[31] - The company reported a total of HKD 11,305,000 in rental income from properties held for sale, an increase from HKD 10,868,000 in 2023[35] - The property development segment contributed revenue of approximately HKD 6,300,000, with a pre-tax loss of about HKD 30,700,000, a significant improvement from a loss of HKD 184,500,000 in 2023[51] - The arts and culture segment generated revenue of approximately HKD 34,000,000, with a pre-tax profit of about HKD 6,200,000, recovering from a loss of HKD 164,300,000 in the previous year[54] Financing and Liquidity - The group is actively seeking financing options from various financial institutions and potential investors to alleviate liquidity pressure[12] - The group successfully negotiated the extension of interest-bearing borrowings totaling approximately HKD 659,163,000 for an additional two years and six months, and HKD 595,370,000 for three years[12] - The company has provided guarantees totaling approximately HKD 343,200,000 related to loans for property development as of December 31, 2024[64] - The company has capital commitments as of December 31, 2024, are approximately HKD 627,600,000, an increase from HKD 507,300,000 in 2023[65] Operational Activities - The company continues to engage in property investment and development, auction services, and wine sales as part of its core business activities[10] - The group has accelerated the pre-sale and sale of properties under development and completed properties[12] - The company completed the structural work for building A up to 19 floors as of December 31, 2024, compared to 5 floors as of December 31, 2023[53] - The company plans to continue focusing on the construction, sales, and leasing of the Silk Road International Cultural Center amid a recovering Chinese economy[58] Compliance and Reporting - The group has adopted several new and revised Hong Kong Financial Reporting Standards, which do not have a significant impact on the consolidated financial statements[14][16][18][20][22][24] - The group is expected to adopt new and revised Hong Kong Financial Reporting Standards in the future, which are anticipated to have no significant impact on its performance and financial position[25][27] Employee and Governance - The company had approximately 93 employees in Hong Kong and China as of December 31, 2024, down from 94 in 2023[63] - The company will hold its 2025 Annual General Meeting on June 6, 2025, with a suspension of share transfer registration from June 3 to June 6, 2025[74] Dividends and Shareholder Returns - The company did not declare or recommend any dividends for the years ended December 31, 2024, and 2023[41] - The company has not declared any dividends for the year ended December 31, 2024[66] - The company has no plans to buy, sell, or redeem any of its listed securities during the year ended December 31, 2024[67] Going Concern and Risks - The group faces significant uncertainty regarding its ability to continue as a going concern due to potential legal actions related to unpaid accounts[11] - The company faces significant uncertainties regarding its ability to continue as a going concern due to a net loss of approximately HKD 33,087,000 for the year ended December 31, 2024[73]
大唐西市(00620) - 2024 - 中期财报
2024-09-30 08:33
Financial Performance - For the six months ended June 30, 2024, DTXS Silk Road Investment Holdings recorded revenue of approximately HKD 25,900,000, an increase from HKD 22,900,000 for the same period in 2023[4] - The company reported a loss of approximately HKD 15,400,000 for the period, slightly improved from a loss of HKD 15,800,000 in the previous year[4] - The total comprehensive loss for the period was HKD 24,237,000, down from HKD 49,268,000, showing a significant decrease of 50.8%[40] - The basic and diluted loss per share was HKD 1.13, compared to HKD 1.24 for the same period last year, reflecting a slight improvement[40] - The company reported a net loss of approximately HKD 15,426,000 for the six months ending June 30, 2024[49] Segment Performance - The Arts and Culture segment contributed approximately HKD 20,400,000 in revenue, up from HKD 18,500,000 in the prior year, with a segment profit before tax of approximately HKD 14,900,000 compared to a loss of HKD 8,300,000 in 2023[5] - The Wine segment generated revenue of approximately HKD 1,900,000, down from HKD 4,400,000 in the previous year, but achieved a profit before tax of approximately HKD 700,000, compared to a loss of HKD 8,000,000 in 2023[8] - The Property Development segment reported revenue of approximately HKD 3,500,000, with a loss before tax of approximately HKD 25,900,000, contrasting with a profit of HKD 25,400,000 in the same period last year[9] - Revenue from external customers for the six months ending June 30, 2024, totaled HKD 25,885,000, with contributions from the arts and culture segment at HKD 20,422,000, the wine segment at HKD 1,930,000, and the property development segment at HKD 3,533,000[54] Cash Flow and Liquidity - As of June 30, 2024, the group's bank balances and cash totaled approximately HKD 9,100,000, a decrease of approximately HKD 14,000,000 from HKD 23,100,000 at the end of 2023[11] - The company's net cash flow from operating activities for the six months ended June 30, 2024, was a negative HKD 82,091,000, compared to a negative HKD 57,949,000 for the same period in 2023[45] - The company's cash and cash equivalents decreased by HKD 12,013,000 for the six months ended June 30, 2024, compared to a decrease of HKD 88,881,000 in the same period of 2023[45] Debt and Liabilities - The group's outstanding secured borrowings amounted to approximately HKD 1,406,300,000, an increase from HKD 1,339,500,000 at the end of 2023[11] - The capital debt ratio as of June 30, 2024, was approximately 160.0%, up from 148.3% at the end of 2023[12] - The company's total liabilities as of June 30, 2024, were HKD 633,698,000, compared to HKD 283,438,000 as of December 31, 2023, indicating a significant increase[42] - Interest-bearing loans totaled HKD 1,406,341,000, a rise from HKD 1,339,549,000, reflecting a growth of 5%[77] Shareholder Information - The total number of issued shares as of June 30, 2024, was 667,525,230[21] - The group’s total equity held by the directors and CEO amounted to 503,156,570 shares, representing approximately 75.38% of the total shareholding[20] - Major shareholder Datang Xishi International Holdings owns 494,660,570 shares, representing 74.10% of the total shares[24] - Ms. Zhu Ronghua holds a beneficial interest in 503,156,570 shares, equating to 75.38% of the total shares[24] Corporate Governance and Compliance - The board did not recommend the payment of an interim dividend for the six months ended June 30, 2024, consistent with the previous year[19] - The board has maintained compliance with the corporate governance code as per the listing rules during the reporting period[36] Future Outlook and Strategy - The company plans to continue focusing on the construction, sales, and leasing of the Silk Road International Cultural Center amid the ongoing economic recovery in China[10] - Management intends to explore new economic developments around the cultural and arts industry, leveraging the strong background of the parent group for potential investments and acquisitions[10] - The company is accelerating the pre-sale and sale of developed properties to alleviate cash flow pressure[50] - The company has committed financial support from its ultimate controlling party to meet operational and financial obligations[50] Employee Information - The group had approximately 93 employees as of June 30, 2024, a slight decrease from 94 employees as of December 31, 2023[15] - The company’s employee compensation is determined based on qualifications, experience, market rates, and contributions, with potential bonuses and stock options based on individual performance[15] Other Financial Information - The income tax expense for the six months ended June 30, 2024, was HKD 2,687,000, compared to a tax credit of HKD 1,639,000 in the same period of 2023[68] - The company did not engage in any purchase, sale, or redemption of its listed securities during the six months ended June 30, 2024[38] - The company did not acquire any property, plant, and equipment during the six months ended June 30, 2024, similar to the previous year[71]
大唐西市(00620) - 2024 - 中期业绩
2024-08-29 13:15
Revenue Performance - Revenue from customer contracts for the six months ended June 30, 2024, was HKD 5,463,000, an increase of 24.4% compared to HKD 4,390,000 for the same period in 2023[1] - Total revenue for the six months ended June 30, 2024, reached HKD 25,885,000, representing a 13.1% increase from HKD 22,884,000 in the previous year[1] - The company generated total revenue of HKD 25,885,000 for the six months ending June 30, 2024, compared to HKD 22,884,000 for the same period in 2023, representing an increase of approximately 13.1%[18] - Revenue from external customers in Hong Kong was HKD 13,979,000 for the six months ending June 30, 2024, down from HKD 15,261,000 in the same period of 2023[17] - The total revenue from customer contracts for the wine sales segment decreased to HKD 1,930,000 in 2024 from HKD 4,385,000 in 2023[18] - The arts and culture segment contributed approximately HKD 20,400,000 in revenue, up from HKD 18,500,000 in the previous year, with a pre-tax profit of approximately HKD 14,900,000 compared to HKD 8,300,000 in 2023, reflecting a significant improvement[31] - The wine segment reported revenue of approximately HKD 1,900,000, down from HKD 4,400,000 in the previous year, but achieved a pre-tax profit of approximately HKD 700,000, a turnaround from a pre-tax loss of HKD 8,000,000 in 2023[34] - The property development segment generated revenue of approximately HKD 3,500,000, with a pre-tax loss of approximately HKD 25,900,000, slightly increasing from a loss of HKD 25,400,000 in the previous year[35] Financial Losses and Improvements - The company reported a pre-tax loss of HKD 12,739,000, an improvement of 27.5% compared to a loss of HKD 17,482,000 in the same period last year[2] - The net loss for the period was HKD 15,426,000, slightly down from HKD 15,843,000 in the previous year[2] - Basic and diluted loss per share improved to HKD 1.13 from HKD 1.24 year-on-year[2] - The pre-tax loss attributable to equity holders was HKD 7,556,000, compared to a loss of HKD 8,294,000 in the prior year, indicating an improvement of 8.91%[25] - The company reported a net loss of approximately HKD 15,426,000 for the six months ending June 30, 2024[9] - The company reported a foreign exchange loss of approximately HKD 8,800,000 for the six months ended June 30, 2024, a decrease from a loss of HKD 33,400,000 in the same period in 2023[40] Assets and Liabilities - Non-current assets as of June 30, 2024, totaled HKD 145,221,000, a decrease from HKD 150,829,000 at the end of 2023[3] - Current assets increased to HKD 3,437,025,000 from HKD 3,316,267,000, reflecting a growth of 3.6%[4] - The company's total liabilities stood at HKD 3,448,378,000, up from HKD 3,328,203,000, indicating a rise of 3.6%[4] - The net asset value decreased to HKD 950,443,000 from HKD 974,682,000, a decline of 2.5%[5] - Total liabilities increased to HKD 929,706,000 as of June 30, 2024, compared to HKD 853,596,000 at the end of 2023, marking an increase of 8.91%[29] - The company’s capital debt ratio increased to approximately 160.0% as of June 30, 2024, compared to 148.3% at the end of 2023, indicating a rise in leverage[39] Cash Flow and Financing - As of June 30, 2024, the total interest-bearing borrowings amounted to approximately HKD 1,406,341,000, with current borrowings of about HKD 772,643,000, while cash and cash equivalents were only around HKD 9,142,000[9] - The company’s cash and bank balances decreased to approximately HKD 9,100,000 as of June 30, 2024, down from HKD 23,100,000 at the end of 2023, a reduction of approximately HKD 14,000,000 due to operational cash consumption[38] - The company plans to negotiate with banks to renew and extend interest-bearing borrowings to alleviate liquidity pressure[10] - The company is actively seeking financing options from financial institutions and potential investors to support its operational funding needs[10] - The company has committed to accelerating the pre-sale and sale of developed properties to improve cash flow[10] Tax and Other Income - The company reported a total tax expense of HKD 2,687,000 for the six months ended June 30, 2024, compared to a tax credit of HKD 1,639,000 in the same period last year[23] - Total bank interest income for the six months ended June 30, 2024, was HKD 10,000, compared to HKD 30,000 for the same period in 2023, representing a decrease of 66.67%[19] - Interest income from advance payments to clients rose to HKD 19,200,000, up 11.5% from HKD 17,218,000 year-on-year[1] - The company’s interest income from loans receivable was reported at HKD 150,038,000, up from HKD 135,736,000, an increase of 10.14%[26] Corporate Governance and Compliance - The board is committed to maintaining high standards of corporate governance, which is deemed essential for enhancing corporate value and accountability to shareholders[49] - The company has adopted a standard code of conduct for securities trading by directors and senior management, confirming compliance during the six months ending June 30, 2024[50] - The interim report for 2024 contains all information required by the listing rules and will be available on the company's website and the Hong Kong Stock Exchange[51] - The unaudited interim results for the six months ending June 30, 2024, have been reviewed by the company's audit committee but not by external auditors[48] Dividend Policy - The company did not recommend an interim dividend for the six months ended June 30, 2024, consistent with the previous year[24] - The company has not proposed an interim dividend for the six months ended June 30, 2024, consistent with the previous year[46] Future Plans and Strategies - The company plans to continue focusing on the construction, sales, and leasing of the Silk Road International Cultural Center amid ongoing economic uncertainties in China[36] - The company aims to explore new economic developments around the cultural and arts industry, leveraging its strong parent group background for potential investments and acquisitions[37] - The company did not purchase, sell, or redeem any of its listed securities during the six months ending June 30, 2024[47]