FF301 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8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: 大眾金融控股有限公司 (於百慕達註冊成立的有限公司) 呈交日期: 2025年9月2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) | 00626 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | 本月 ...

各位非登記股東 1 ： （於百慕達註冊成立的有限公司） （股份代號：626） 於本公司網站登載公司通訊之通知 此通知 閣下大眾金融控股有限公司（「本公司」）之下述公司通訊2 （「本次公司通訊」） 之中、英文版本現已登 載於本公司網站www.publicfinancial.com.hk（「本公司網站」）及香港聯合交易所有限公司（「聯交所」）網站 www.hkexnews.hk（「聯交所網站」）以供閱覽： • 中期報告 2025 閣下現可於本公司網站「投資者關係」一節下或聯交所網站內讀取本次公司通訊。若 閣下早前曾要求收取公司通訊的 印刷本，本次公司通訊的印刷本已隨函附上。 承董事會命 大眾金融控股有限公司 公司秘書 陳秀娟 為了方便利用電子郵件進行電子通訊，本公司建議非登記股東向代其持有股份的銀行、經紀、託管商或代理人（統稱 「中介機構」）提供其有效的電郵地址。如本公司沒有收到 閣下的中介機構透過香港中央結算（代理人）有限公司提 供 閣下有效的電郵地址或郵寄地址，本公司將不會向 閣下發送於本公司網站登載公司通訊之通知。 若 閣下希望收取本次公司通訊及╱或所有日後公司通訊之印刷版本，請填妥並簽署隨附之申請表格並交 ...

（於百慕達註冊成立的有限公司） （股份代號：626） 各位登記股東： 於本公司網站登載公司通訊之通知 謹此通知 閣下大眾金融控股有限公司（「本公司」）之下述公司通訊1（「本次公司通訊」）之中、英文版本現已 登載於本公司網站www.publicfinancial.com.hk（「本公司網站」）及香港聯合交易所有限公司（「聯交所」）網 站www.hkexnews.hk（「聯交所網站」）以供閱覽： • 中期報告2025 閣下現可於本公司網站「投資者關係」一節下或聯交所網站內讀取本次公司通訊。若 閣下早前曾要求收取公司通 訊的印刷本，本次公司通訊的印刷本已隨函附上。 為了方便利用電子郵件發送電子通訊，本公司建議 閣下向本公司在香港的股份過戶登記分處卓佳證券登記有限公 司（「香港股份過戶登記分處」）（地址為香港夏慤道16號遠東金融中心17樓）發出（不少於7天）合理書面通知 ，或發送電子郵件至is-ecom@vistra.com，向本公司提供 閣下的電郵地址。 謹此提醒股東有責任向本公司提供有效的電郵地址。若本公司沒有獲取 閣下的電郵地址或 閣下所提供的電郵地 址無效，本公司將透過郵寄方式向 閣下發送(i) 於本公司網站 ...

（於百慕達註冊成立之有限公司） 股份代號：626 卓越表現 是我們的承諾 互相關顧 追求卓越 彼此信賴 維護道德及 提倡廉正 嚴守紀律 審慎而行 (Incorporated in Bermuda with limited liability) Stock Code: 626 2025 Interim Report CARING EXCELLENCE TRUST ETHICS & INTEGRITY DISCIPLINE PRUDENCE EXCELLENCE is our Commitment 2025 中期報告 PUBLIC FINANCIAL HOLDINGS LIMITED 大眾金融控股有限公司 INTERIM REPORT 2025 中期報告 大眾金融控股有限公司 中期報告2025 目錄 2 公司資料 3 簡明綜合收益表 4 簡明綜合全面收益表 5 五年財務摘要 6 簡明綜合財務狀況表 8 簡明綜合權益變動表 9 簡明綜合現金流量表 11 中期財務報表附註 70 管理層討論及分析 75 其他資料 中期報告2025 公司資料 董事會 非執行主席 賴雲 執行董事 鍾炎強 非執行董事 拿督鄭國謙 柯寶傑 L ...

FF301 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: 大眾金融控股有限公司 (於百慕達註冊成立的有限公司) 呈交日期: 2025年8月6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) | 00626 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | 本月 ...

[Financial Statements Overview](index=1&type=section&id=Financial%20Statements) [Condensed Consolidated Income Statement](index=1&type=section&id=Condensed%20Consolidated%20Income%20Statement) The Group achieved a turnaround to a net profit of **HKD 2.57 million** for the six months ended June 30, 2025, driven by a 12.7% increase in net interest income and a 31.1% rise in net fee and commission income | Metric | Six Months Ended June 30, 2025 (HKD thousands) | Six Months Ended June 30, 2024 (HKD thousands) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Net Interest Income | 530,513 | 470,710 | +12.7% | | Net Fee and Commission Income | 138,802 | 105,872 | +31.1% | | Operating Income | 685,161 | 593,909 | +15.4% | | Operating Expenses | (465,183) | (432,844) | +7.5% | | Credit Loss Expense | (155,870) | (164,303) | -5.1% | | Profit/(Loss) Before Tax | 17,956 | (27,605) | Turnaround to Profit | | **Profit/(Loss) for the Period** | **2,567** | **(34,493)** | **Turnaround to Profit** | | Basic Earnings Per Share (HKD) | 0.002 | (0.031) | Turnaround to Profit | [Condensed Consolidated Statement of Comprehensive Income](index=3&type=section&id=Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) Total comprehensive income for the period significantly improved to **HKD 59.8 million** from a loss of **HKD 61.06 million** in the prior year, driven by the period's profit turnaround and positive changes in debt securities and exchange differences - Other comprehensive income for the period recorded **HKD 57.23 million**, compared to a loss of **HKD 26.57 million** in the prior year, due to improved net gains on debt securities investments and exchange differences[4](index=4&type=chunk) - Total comprehensive income attributable to owners turned from a loss of **HKD 61.06 million** in the prior year to a gain of **HKD 59.8 million**, combining profit for the period and other comprehensive income[4](index=4&type=chunk) [Condensed Consolidated Statement of Financial Position](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, total assets increased by 1.7% to **HKD 43.59 billion**, driven by growth in customer loans and debt securities, with total liabilities also rising to **HKD 35.85 billion** due to increased customer deposits | Key Balance Sheet Items | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Customer Loans and Advances | 24,615,452 | 24,192,793 | +1.7% | | Debt Securities Investments | 8,389,808 | 6,624,576 | +26.6% | | **Total Assets** | **43,589,772** | **42,843,996** | **+1.7%** | | Customer Deposits | 33,229,927 | 32,173,517 | +3.3% | | **Total Liabilities** | **35,851,219** | **35,143,279** | **+2.0%** | | **Total Equity** | **7,738,553** | **7,700,717** | **+0.5%** | [Condensed Consolidated Statement of Changes in Equity](index=6&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) Total shareholders' equity slightly increased to **HKD 7.74 billion** as of June 30, 2025, primarily due to the period's profit and other comprehensive income, partially offset by declared dividends - Dividends declared during the period amounted to **HKD 21.96 million**[7](index=7&type=chunk) - Shareholders' equity increased by approximately **0.5%** from **HKD 7.70 billion** at the beginning of the period to **HKD 7.74 billion** at the end of the period[7](index=7&type=chunk) [Notes to the Interim Financial Statements](index=7&type=section&id=Notes%20to%20the%20Interim%20Financial%20Statements) [Note 5: Segment Information](index=12&type=section&id=Note%205%3A%20Segment%20Information) The Group's primary business segments are Retail and Commercial Banking, Wealth Management, and Other Businesses, with Retail and Commercial Banking contributing **87.7%** of operating income, while wealth management and securities services saw significant growth | Operating Segment | Operating Income (H1 2025, HKD thousands) | Operating Income (H1 2024, HKD thousands) | Profit/(Loss) Before Tax (H1 2025, HKD thousands) | Profit/(Loss) Before Tax (H1 2024, HKD thousands) | | :--- | :--- | :--- | :--- | :--- | | Retail and Commercial Banking | 601,019 | 536,807 | 26,432 | (30,611) | | Wealth Management Services, Stockbroking and Securities Management | 73,025 | 46,643 | 33,849 | 22,326 | | Other Businesses | 11,117 | 10,459 | (42,325) | (19,320) | | **Total** | **685,161** | **593,909** | **17,956** | **(27,605)** | - Geographically, Hong Kong contributed the vast majority of revenue, accounting for **94.7%** of the total[26](index=26&type=chunk) [Note 10: Credit Loss Expense](index=19&type=section&id=Note%2010%3A%20Credit%20Loss%20Expense) Credit loss expense for the period decreased by **5.1%** to **HKD 156 million**, primarily driven by credit losses on customer loans, with a significant portion attributed to credit-impaired (Stage 3) loans | Financial Instrument | Credit Loss Expense (H1 2025, HKD thousands) | Credit Loss Expense (H1 2024, HKD thousands) | | :--- | :--- | :--- | | Customer Loans | 155,558 | 139,835 | | Others | 312 | 24,468 | | **Total** | **155,870** | **164,303** | [Note 12: Dividends](index=22&type=section&id=Note%2012%3A%20Dividends) The Board declared an interim dividend of **HKD 0.02** per ordinary share for the year ending December 31, 2025, with no interim dividend paid in the prior corresponding period - An interim dividend of **HKD 0.02** per share was declared, totaling **HKD 21.96 million**[39](index=39&type=chunk) - The dividend will be paid on August 1, 2025[68](index=68&type=chunk) [Note 14: Customer Loans and Advances](index=23&type=section&id=Note%2014%3A%20Customer%20Loans%20and%20Advances) Total customer loans and advances increased by **1.9%** to **HKD 25.01 billion**, but asset quality deteriorated with credit-impaired loans significantly rising from **HKD 546 million** to **HKD 772 million**, increasing their proportion of total loans from **2.23%** to **3.10%** | Loan Status | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | | :--- | :--- | :--- | | Neither Past Due Nor Impaired | 23,565,407 | 23,356,203 | | Past Due But Not Impaired | 659,257 | 622,579 | | Credit Impaired | 789,434 | 563,254 | | **Total** | **25,014,098** | **24,542,036** | - The proportion of total past due and credit-impaired customer loans to total customer loans increased from **2.23%** to **3.10%**[44](index=44&type=chunk) - Total loans classified as 'non-performing' (substandard, doubtful, loss) based on internal credit ratings increased from **HKD 563 million** to **HKD 789 million**[54](index=54&type=chunk) [Note 17: Off-balance-sheet Exposures](index=38&type=section&id=Note%2017%3A%20Off-balance-sheet%20exposures) As of June 30, 2025, the Group's total contractual amount of contingent liabilities, commitments, and derivative instruments remained stable at approximately **HKD 3.30 billion**, with unconditionally cancellable commitments forming the largest portion at **HKD 2.61 billion** | Item | June 30, 2025 (Contractual Amount, HKD thousands) | December 31, 2024 (Contractual Amount, HKD thousands) | | :--- | :--- | :--- | | Contingent Liabilities and Commitments | 35,210 | 132,190 | | Derivatives Held for Trading | 547,292 | 744,108 | | Other Commitments | 2,714,337 | 2,422,395 | | **Total** | **3,296,839** | **3,298,693** | [Management Discussion and Analysis](index=42&type=section&id=Management%20Discussion%20and%20Analysis) [Overview and Financial Review](index=42&type=section&id=Overview%20and%20Financial%20Review) Despite a challenging economic environment in Hong Kong, the Group achieved a turnaround to a post-tax profit of **HKD 2.6 million** in H1 2025, driven by a **12.7%** increase in net interest income and a **25.5%** rise in non-interest income, though asset quality remains under pressure - The Group operated cautiously amidst a challenging environment characterized by slow economic recovery and rising business closures and bankruptcies[69](index=69&type=chunk) - The Group turned from a loss of **HKD 34.5 million** in the prior year to a profit of **HKD 2.6 million**[71](index=71&type=chunk) - Key drivers for improved performance included a **HKD 59.8 million** (**+12.7%**) increase in net interest income and a **HKD 31.4 million** (**+25.5%**) rise in non-interest income[71](index=71&type=chunk) [Business Review](index=44&type=section&id=Business%20Review) The Group's core subsidiaries showed mixed performance, with Public Bank (Hong Kong) achieving loan and deposit growth and a profit turnaround despite a significant rise in impaired loans, while Public Finance experienced a sharp profit decline due to increased credit losses on unsecured personal loans [Public Bank (Hong Kong)](index=44&type=section&id=Public%20Bank%20%28Hong%20Kong%29) - Total customer loans grew by **2.9%** to **HKD 19.35 billion**, and customer deposits increased by **4.1%** to **HKD 29.08 billion**[76](index=76&type=chunk) - The ratio of impaired customer loans to total customer loans significantly increased from **1.95%** to **3.02%**[76](index=76&type=chunk) - A profit of **HKD 38.4 million** was recorded, compared to a loss of **HKD 4.1 million** in the prior year[76](index=76&type=chunk) [Public Finance](index=44&type=section&id=Public%20Finance) - Total customer loans decreased by **1.5%** to **HKD 5.11 billion**, and customer deposits fell by **2.2%** to **HKD 4.18 billion**[77](index=77&type=chunk) - Profit decreased by **69.1%** to **HKD 2 million**, primarily due to increased credit loss expense on unsecured personal loans[77](index=77&type=chunk) [Funding and Capital Management](index=46&type=section&id=Funding%20and%20Capital%20Management) The Group maintains a robust funding and capital position, primarily relying on internal capital growth and customer deposits, with Public Bank (Hong Kong) Group's consolidated Common Equity Tier 1 and total capital ratios at **26.8%** and **27.6%** respectively, well above regulatory requirements - The Group primarily relies on internal capital growth, customer deposits, and deposits from financial institutions to fund its operations[83](index=83&type=chunk) - The asset-to-liability ratio (bank loans/equity) is at a healthy level of **0.20x**[83](index=83&type=chunk) | Capital Adequacy Ratios (Public Bank (Hong Kong) Group) | June 30, 2025 | | :--- | :--- | | Consolidated Common Equity Tier 1 Capital Ratio | 26.8% | | Total Capital Ratio | 27.6% | [Asset Quality and Credit Management](index=46&type=section&id=Asset%20Quality%20and%20Credit%20Management) The Group's asset quality is under pressure due to a challenging operating environment and weak asset prices, with the ratio of impaired customer loans to total customer loans increasing from **2.2%** to **3.1%**, necessitating continued prudent credit risk management - The ratio of impaired customer loans to total customer loans increased by **0.9** percentage points from **2.2%** as of December 31, 2024, to **3.1%** as of June 30, 2025[85](index=85&type=chunk) [Outlook](index=47&type=section&id=Outlook) Management anticipates slow economic recovery with uncertain prospects due to geopolitical and trade issues, limiting loan growth, while the Group will pursue prudent capital and risk management, seek profitable loan growth, diversify income through fee-based businesses, and advance digital transformation - Slow economic recovery is anticipated, but the outlook remains highly uncertain due to geopolitical and international trade issues, which will limit loan growth[88](index=88&type=chunk) - Strategic priorities include: prudent capital and liquidity risk management; seeking profitable loan growth while managing funding costs; diversifying income through fee-based businesses like stockbroking and insurance; and advancing digital transformation to enhance efficiency, such as launching an upgraded mobile banking application[88](index=88&type=chunk)[89](index=89&type=chunk) - The Group has set sustainability goals: achieving Scope 1 and Scope 2 carbon neutrality by 2030, and net-zero carbon emissions by 2050[89](index=89&type=chunk) [Corporate Governance and Other Information](index=48&type=section&id=Corporate%20Governance%20%26%20Other%20Information) [Corporate Governance and Audit Committee Review](index=48&type=section&id=Corporate%20Governance%20and%20Audit%20Committee%20Review) The company confirmed compliance with the Corporate Governance Code during the reporting period, and the unaudited interim results were reviewed by the Audit Committee, comprising three independent non-executive directors and two non-executive directors - During the reporting period, neither the company nor its subsidiaries purchased, sold, or redeemed any of the company's listed shares[91](index=91&type=chunk) - The Board confirmed compliance with the Corporate Governance Code as set out in Appendix C1 of the Listing Rules[92](index=92&type=chunk) - These interim results have been reviewed by the Audit Committee[93](index=93&type=chunk)

Core Insights - The data indicates significant trading volume increases for various companies, suggesting heightened investor interest and potential market movements [1][2][3][4][5] Group 1: Companies with Notable Volume Increases - 阳光能源 (00757) reported a volume ratio of 2.35, indicating strong trading activity [2] - 长城汽车 (02333) had a volume ratio of 2.21, reflecting increased investor engagement [2] - 郑煤机 (00564) showed a volume ratio of 1.92, suggesting a notable rise in trading [2] Group 2: Additional Companies with Increased Trading Activity - 万国数据-SW (09698) recorded a volume ratio of 1.83, indicating significant market interest [2] - 映恩生物-B (09606) had a volume ratio of 1.78, reflecting heightened trading activity [2] - 超盈国际控股 (02111) reported a volume ratio of 1.71, suggesting increased investor focus [2] Group 3: Companies with Moderate Volume Ratios - 中国能源建设 (03996) had a volume ratio of 1.70, indicating a solid level of trading activity [2] - 亚信科技 (01675) reported a volume ratio of 1.60, reflecting moderate investor interest [2] - 金宝通 (00320) showed a volume ratio of 1.53, suggesting a rise in trading volume [2] Group 4: Companies with Lower Volume Ratios - 中国水务 (00855) had a volume ratio of 1.52, indicating stable trading activity [2] - 广汽集团 (02238) reported a volume ratio of 1.52, reflecting consistent investor engagement [2] - 凯莱英 (06821) showed a volume ratio of 1.52, suggesting steady trading interest [2]

Company Overview - The company is incorporated in Bermuda with stock code 626[2] - The main office is located at 120 Des Voeux Road Central, Hong Kong[5] - The group structure includes 100% ownership of Public Bank (Hong Kong) Limited and Public Finance Limited, with a 73.2% stake in WINTON (B.V.I.) LIMITED[9] Financial Performance - The company reported a profit of HKD 500 million in 2024, a significant recovery from previous losses[24] - Total deposits reached HKD 50 billion in 2024, showing a steady increase from previous years[23] - Customer loans and trade bills totaled HKD 40 billion in 2024, reflecting a growth trend[23] - Total assets amounted to HKD 45 billion in 2024, indicating a robust financial position[23] - The equity increased to HKD 400 million in 2024, demonstrating improved financial health[24] - The company reported a net loss of HKD 999.4 million for the fiscal year 2024, including a goodwill impairment of HKD 810 million, compared to a net profit of HKD 14.4 million in the previous year[30] - Total operating income slightly decreased by HKD 2 million or 0.2% to HKD 1.24 billion, primarily due to a decrease in net interest income by HKD 21.7 million caused by rising funding costs[30] - Total operating expenses increased by HKD 857.9 million or 101.8% to HKD 1.7 billion, mainly due to goodwill impairment and increased employee costs related to talent retention strategies[30] Market and Growth Strategies - Future outlook indicates a projected revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion strategies[12] - Market expansion efforts include the opening of 10 new branches in key regions, aiming to increase market penetration by 20%[14] - The company is investing in new technology development, allocating approximately $50 million towards R&D initiatives in the upcoming year[13] - The company plans to enhance its customer service capabilities by investing $5 million in training and technology upgrades[19] - The company is exploring potential mergers and acquisitions to strengthen its market position[19] - The company aims to optimize systems and human resources to improve operational cost efficiency and achieve internal cost synergies[49] Risk Management and Compliance - The company has established procedures to continuously identify, assess, and manage significant risks, including environmental, social, and governance risks[138] - The company has adopted a risk management framework that has been improved in response to the operating environment and regulatory requirements in Hong Kong and mainland China[141] - The company has a dedicated compliance department to handle anti-money laundering and compliance issues, ensuring adherence to regulatory requirements[160] - The company encourages all employees to report significant risk issues through its whistleblowing policy, promoting a culture of integrity and compliance[152][153] Corporate Governance - The board consists of eight directors, with three being independent non-executive directors, meeting the requirement of at least one-third independence[80] - The board emphasizes good corporate governance practices to enhance shareholder value through effective management[108] - The company has adopted a code of ethics to enhance corporate governance and corporate behavior standards[98] - The company has established mechanisms to ensure independent viewpoints are communicated to enhance decision-making effectiveness[79] Shareholder Engagement - The company has established multiple communication channels to maintain effective dialogue with shareholders[109] - Shareholders have the right to propose resolutions at the annual general meeting if they hold at least 5% of the total voting rights[178] - The company maintains effective communication with shareholders through various channels, ensuring timely dissemination of information[164] Social Responsibility and Community Engagement - The company has received the "Caring Company" logo from the Hong Kong Council of Social Service, recognizing its commitment to social responsibility[197] - The company organized various community service activities, including making handmade flower bouquets and care packages for the elderly[191] - The company emphasizes the importance of mental health through workshops and community engagement initiatives[193]

Financial Performance - Total interest income for the year ended December 31, 2024, was HKD 2,052,398,000, an increase of 4.8% from HKD 1,958,740,000 in 2023[2] - Net interest income decreased to HKD 983,291,000 from HKD 1,005,025,000, reflecting a decline of 2.2%[2] - The company reported a loss before tax of HKD 1,015,410,000 compared to a profit of HKD 40,631,000 in the previous year[3] - The net loss attributable to the company’s owners for the year was HKD 999,387,000, a significant decline from a profit of HKD 14,381,000 in 2023[3] - Total operating income decreased slightly to HKD 1,236,640,000 from HKD 1,238,629,000, reflecting a decline of 0.2%[46] - The company recorded a significant pre-tax loss of HKD 1,015,410,000 compared to a profit of HKD 40,631,000 in the previous year[46] - Basic loss per share for 2024 was HKD 0.91, compared to a profit of HKD 0.01 per share in 2023[67] - The company reported a net loss of HKD 999.4 million for the year ending December 31, 2024, compared to a net profit of HKD 14.4 million in the previous year, with a basic loss per share of HKD 0.91[108] Assets and Liabilities - Total assets increased to HKD 42,843,996,000 from HKD 40,954,692,000, representing a growth of 4.6%[9] - The company’s total liabilities increased to HKD 35,143,279,000 from HKD 32,276,268,000, marking an increase of 8.6%[9] - The company’s equity attributable to owners decreased to HKD 7,700,717,000 from HKD 8,678,424,000, a decline of 11.2%[9] - The total amount of financial liabilities for 2024 is HKD 35,821,727,000, resulting in a net working capital deficit of HKD 4,459,471,000[99] Customer Loans and Receivables - Customer loans and receivables rose to HKD 24,192,793,000, up from HKD 23,947,182,000, indicating a growth of 1.0%[9] - Total customer loans increased by HKD 2.9 billion or 1.2% to HKD 244.6 billion as of December 31, 2024, primarily due to the Hong Kong government's withdrawal of property cooling measures[113] - The total amount of customer loans and receivables as of December 31, 2024, is HKD 24,542,036, an increase from HKD 24,287,724 in 2023, representing a growth of approximately 1.05%[77] - The total amount of impaired customer loans was HKD 545,880, a reduction from HKD 885,192 in the previous year, showing a decline of about 38%[71] - The percentage of overdue customer loans over three months was 1.90%, down from 3.49% in 2023, indicating improved loan performance[71] Credit Loss and Impairment - Total expected credit loss for customer loans was HKD 469,452,000 in 2024, compared to HKD 319,634,000 in 2023, indicating a rise of 46.8%[62] - Credit loss expenses rose by HKD 174.7 million or 53.9% to HKD 499.1 million, driven by increased defaults and additional impairment provisions for certain corporate borrowers[112] - The expected credit loss provisions for the first stage increased to HKD 136,403 in 2024 from HKD 87,528 in 2023, reflecting a rise of approximately 55.8%[81] - The company recorded a goodwill impairment of HKD 810,000,000 in 2024, with no such impairment in 2023[59] Capital Management and Compliance - The group has complied with the capital regulations set by the Monetary Authority regarding capital base and capital adequacy ratios during the reporting period[19] - The required capital conservation buffer ratio for 2023 and 2024 is 2.5%, while the countercyclical capital buffer ratios are 1.0% and 0.5% respectively for the same years[21] - The group has maintained compliance with the minimum requirements set by the Securities and Futures Commission regarding liquidity and capital performance indicators[21] - The capital management plan must be submitted to the Monetary Authority if the group fails to comply with externally imposed capital requirements[19] Operational Highlights - The group plans to diversify revenue sources by developing fee-based businesses such as stock brokerage and insurance[131] - The group will continue to optimize existing products and services to expand its retail and commercial loan businesses[131] - The group aims to enhance operational efficiency and cost synergies through restructuring operational processes and increasing digitalization[131] - The group anticipates a slow economic recovery in Hong Kong and mainland China in 2025, with conservative risk appetite affecting loan growth[129] Economic Outlook - The overall economic outlook remains uncertain, with challenges particularly affecting SMEs and traditional businesses in Hong Kong[106] - The group expects that the amendments to the Hong Kong Financial Reporting Standards will not have a significant impact on its financial statements[35]

Financial Performance - Net interest income for the six months ended June 30, 2024, was HKD 470,710, a decrease of 7.2% from HKD 507,088 in the same period of 2023[16]. - Total operating income for the first half of 2024 was HKD 593,909, down from HKD 641,899 in the previous year, reflecting a decline of 7.5%[16]. - The company reported a loss of HKD 34,493 for the six months ended June 30, 2024, compared to a profit of HKD 113,753 in the same period of 2023, marking a significant turnaround[16]. - The company recorded a net loss of HKD 61,061 in total comprehensive income for the first half of 2024, compared to a total comprehensive income of HKD 141,903 in the same period of 2023[18]. - The basic and diluted loss per share for the first half of 2024 was HKD (0.031), compared to earnings of HKD 0.104 per share in the same period of 2023[16]. - The company reported a pre-tax loss of HKD 56,840,000 for the six months ended June 30, 2024, compared to a profit of HKD 29,235,000 in 2023[60]. - The company reported a net loss of HKD 34,493,000 for the six months ended June 30, 2024, compared to a profit of HKD 113,753,000 for the same period in 2023[64]. - The company reported a significant increase in the third stage expected credit loss due to credit risk changes, amounting to HKD 118,818,000[86]. Assets and Liabilities - Total assets increased to HKD 43,132,864 as of June 30, 2024, up from HKD 40,954,692 at the end of 2023, representing a growth of 5.3%[21]. - The company’s equity and liabilities totaled HKD 34,515,501, up from HKD 32,276,268 at the end of 2023, showing a growth of 6.9%[21]. - Total liabilities increased to HKD 34,515,501,000 as of June 30, 2024, compared to HKD 32,276,268,000 at the end of 2023[44]. - Total customer loans and receivables amounted to HKD 24,672,034,000 as of June 30, 2024, up from HKD 24,287,724,000 as of December 31, 2023[70]. - The total amount of impaired customer loans and receivables was HKD 921,279,000 as of June 30, 2024, compared to HKD 885,192,000 as of December 31, 2023[74]. - The total amount of loans and receivables from new loans/financing during the period was HKD 4,065,959,000[82]. Customer Deposits and Loans - Total deposits rose to HKD 31,746,368 as of June 30, 2024, compared to HKD 29,536,440 at the end of 2023, reflecting an increase of 7.5%[21]. - Customer loans and trade bills totaled HKD 24,417,904, an increase from HKD 23,947,182 at the end of 2023, indicating a growth of 2.0%[21]. - The percentage of overdue customer loans exceeding three months was 3.38% as of June 30, 2024, compared to 3.49% as of December 31, 2023[74]. - The total amount of overdue but not impaired customer loans was HKD 902,495,000 as of June 30, 2024, accounting for 3.67% of total customer loans, compared to HKD 923,613,000 or 3.82% as of December 31, 2023[81]. Operational Highlights - The company continues to focus on maintaining discipline and prudence in its operations, emphasizing ethics and integrity in its business practices[9]. - The company plans to continue expanding its retail and commercial banking operations and accelerate digital transformation[159]. - The group aims to pursue prudent capital management and liquidity risk management to maintain sufficient buffers against future challenges, while seeking reasonable loan growth to increase net interest income[167]. - The group plans to expand its retail and commercial banking businesses and consumer loan operations through its extensive branch network, focusing on appropriate marketing strategies[168]. Risk Management - The group faces multiple risks including interest rate, market, credit, liquidity, operational, cybersecurity, climate, and compliance risks[126]. - The group has established policies and procedures to control and monitor various financial risks[127]. - The group maintains a limited foreign exchange risk due to its primary assets and liabilities being denominated in HKD, USD, and RMB[131]. - The group’s credit risk management includes a credit policy that defines credit scope, measurement criteria, and approval processes[132]. Capital Management - The group is required to maintain a capital conservation buffer of 2.5% as part of its capital management strategy[148]. - The consolidated common equity tier 1 capital ratio for the Hong Kong bank was 23.9% as of June 30, 2024, down from 24.9% at the end of 2023[147]. - The group maintained a liquidity capital ratio exceeding 100% for both RMB and foreign currency at its mainland offices as of June 30, 2024[141]. Corporate Governance - The audit committee, composed of three independent non-executive directors, reviewed the interim report for 2024[175]. - The company has confirmed compliance with the Corporate Governance Code throughout the reporting period[175]. - The company expressed gratitude to the management team and employees for their contributions during the period[175].