Financing Leasing Market - In 2022, the financing leasing market in China saw a decrease in contract balance to approximately RMB 6,033 billion, down 2.85% from RMB 6,210 billion at the end of 2021[10]. - The company shifted more resources to lower-risk factoring business due to the economic uncertainties affecting the financing leasing sector[10]. Business Operations and Strategy - The company anticipates that the Chinese economy will likely recover to stable growth in 2023, following the easing of pandemic control measures[14]. - The company aims to adjust its business layout prudently and seize market investment opportunities in response to national industrial policy directions[14]. - The company plans to continue expanding sales channels while consolidating existing businesses to create greater value for stakeholders in 2023[15]. - The company plans to focus resources on factoring and re-factoring businesses to mitigate operational risks in the upcoming complex economic environment[131]. - The company will continue to seek investment opportunities and extend service areas to diversify revenue sources in the coming year[135]. Loan Financing and Factoring - The loan financing business focuses selectively on medical equipment leaseback in hospitals in China[17]. - The leaseback model involves clients selling existing assets to the company and leasing them back, with a security deposit typically between 4.00% to 10.00% of the agreed purchase price[17]. - The factoring business generates interest income from providing factoring services to clients[32]. - The company’s target clients for loan financing are primarily tier 2 and tier 3 hospitals in China, which are considered to have stable cash flows and lower default risks[40]. - The company’s management believes that providing loan financing services to tier 2 and tier 3 hospitals presents a promising business opportunity[40]. - The group has established over 100 end customers across China in the factoring and re-factoring business, including real estate developers and construction companies[41]. - The interest rates for the group's loan financing agreements range from approximately 8.00% to 10.30%[42]. - The interest rates for the group's factoring and re-factoring agreements range from approximately 10.50% to 12.00%[44]. - The group has implemented a systematic operational process for loan financing and factoring transactions, ensuring risk control measures are applied consistently[46]. - The loan financing team has accumulated experience in various industries, including energy, manufacturing, and real estate, enhancing their market opportunities[51]. - The group provides flexibility in factoring and re-factoring terms and collateral to meet customer financial needs[45]. Risk Management and Due Diligence - The group conducts thorough due diligence to assess the credit risk of potential borrowers, including site visits and financial status verification[56]. - The company conducts due diligence on clients' operational status, business risks, and repayment capabilities during the loan approval process[59]. - Due diligence includes reviewing clients' financial status, credit ratings, and transaction authenticity[59]. - The company has established ongoing risk management procedures to continuously monitor clients and ultimate debtors after loan approval[62]. - The project approval committee reviews due diligence reports before approving loan financing and factoring projects[68]. - The company ensures compliance with relevant laws and regulations during due diligence processes[62]. Financial Performance - The group's revenue for the year ended December 31, 2022, was approximately HKD 107.12 million, a decrease of 24.04% compared to HKD 140.97 million in 2021[104]. - The group reported a net loss attributable to shareholders of approximately HKD 18.50 million for 2022, compared to a profit of HKD 68.97 million in 2021, marking a significant shift from profit to loss[105]. - The group's total assets as of December 31, 2022, were approximately HKD 1.004 billion, down from HKD 1.087 billion in 2021[104]. - The group’s non-current assets decreased to approximately HKD 316.72 million in 2022 from HKD 364.65 million in 2021[104]. - The group’s financial income decreased to HKD 0.155 million in 2022 from HKD 0.369 million in 2021[104]. Legal Matters and Debt Recovery - As of December 31, 2022, the company is pursuing legal actions to recover unpaid loans totaling approximately RMB 35.43 million (around HKD 40.1 million) from Shaanxi Taibai[86]. - The company has initiated legal proceedings against Danzhou Zhongcheng for an unpaid loan of RMB 25 million (approximately HKD 28.3 million) plus interest, totaling around RMB 25.3 million (approximately HKD 28.6 million)[89]. - The company has a structured approach to handle defaults, including multiple stages of communication and potential legal actions if initial negotiations fail[81][82][83][84]. - The company has the right to accelerate loan repayments if clients breach financing agreements, considering factors such as credit history and financial status[77]. - The company is entitled to recover debts from clients regardless of their ability to collect from original debtors under factoring agreements[78][79]. Market Conditions and Future Outlook - The company anticipates that with the easing of pandemic control measures and ongoing growth policies, its performance will improve in 2023[130]. - The Chongqing government has implemented policies to stimulate consumer confidence and economic growth, which are expected to enhance the commercial development potential in the region[138]. - The group aims to benefit from the growing demand for landscaping and floral products due to government initiatives promoting green urban development[139]. Shareholder and Corporate Governance - The company has no outstanding stock options or new stock option plans as of December 31, 2022[187]. - Independent non-executive directors have confirmed their independence according to the listing rules, and the company considers them independent[180]. - The company has no significant transactions or contracts involving directors' interests with its subsidiaries or associated companies during the year[183]. - Major shareholders hold significant stakes, with Yinbang Holdings Limited owning 785,373,018 shares, representing 61.64% of the company's issued shares[192]. - The top five customers accounted for approximately 59.88% of the total revenue, a decrease from 69.10% in 2021, with the largest customer contributing about 36.37% of total revenue[200].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致之任何損失承擔任何責任。 DOYEN INTERNATIONAL HOLDINGS LIMITED 東 銀 國 際 控 股 有 限 公 司 （於香港註冊成立之有限公司） （股份代號：668） 截至2022年12月31日止年度之 全年業績公告 東銀國際控股有限公司（「本公司」）之董事（「董事」）局（「董事局」）謹此宣佈本公司及其附屬公司（「本集 團」）截至2022年12月31日止年度之經審核合併業績如下： 截至2022年12月31日止年度，本集團錄得收益約1.071億港元（2021年：約1.410億港元），相當於減 少24.04%。 截至2022年12月31日止年度，本公司擁有人應佔虧損約1,730萬港元（2021年：溢利約5,420萬港 元）。 於2022年12月31日，本集團資本負債比率為零（2021年：零），乃以債項淨額除以總資本（以股權加 ...

Financial Performance - The company recorded revenue of approximately HKD 60.7 million for the six months ended June 30, 2022, a decrease of 18.52% compared to HKD 74.5 million in the same period last year[7]. - Operating profit for the same period was approximately HKD 21.5 million, down from HKD 29.5 million in 2021, primarily due to negative impacts from foreign exchange and fair value changes[7]. - Profit attributable to owners of the company was approximately HKD 8.3 million, representing a decrease of 57.65% from HKD 19.6 million in 2021[7]. - The company experienced a foreign exchange loss of approximately HKD 3.6 million during the first half of 2022, compared to a profit of HKD 0.7 million in 2021[7]. - The company recorded a loss of approximately HKD 340,000 in the non-performing asset management segment for the six months ended June 30, 2022, compared to a loss of approximately HKD 370,000 in the same period of 2021[31]. - The property investment segment contributed approximately HKD 760,000 in revenue for the first half of 2022, down from approximately HKD 770,000 in 2021, with a post-tax profit of approximately HKD 360,000 compared to HKD 550,000 in 2021[34]. - The sales of flowers and plants segment generated approximately HKD 20,600,000 in revenue for the six months ended June 30, 2022, down from approximately HKD 36,700,000 in 2021, with a post-tax profit of approximately HKD 600,000 compared to HKD 800,000 in 2021[35]. - The company reported a net loss of HKD 1,528,000 for the period, compared to a profit of HKD 5,506,000 in the previous period, marking a significant change in performance[117]. - Net profit after tax for the six months ended June 30, 2022, was HKD 13,511, down 49.3% from HKD 26,612 in the previous year[119]. Business Operations - The company's subsidiary, Dongkui Financing Leasing (Shanghai) Co., Ltd., contributed revenue of approximately HKD 32.5 million, a slight increase of 0.31% from HKD 32.4 million in 2021[11]. - After-tax profit from the Dongkui business segment was approximately HKD 20.7 million, down from HKD 26.5 million in the previous year[11]. - The company plans to maintain its focus on the Dongkui business's factoring operations despite the uncertain impact of the COVID-19 pandemic[8]. - The company is providing short-term loan services to Danzhou Zhongcheng Decoration Co., Ltd. for RMB 25 million (approximately HKD 29.3 million)[13]. - The company is exploring new areas in factoring business to enrich revenue sources and enhance its role in serving the real economy[47]. - The company plans to enhance its service capabilities and innovate service methods while ensuring risk control, focusing on projects with reliable ratings and sufficient guarantees[42]. - The short-term loan business will be cautiously expanded, with a focus on diversifying revenue sources and improving professional service capabilities[44]. Financial Position - As of June 30, 2022, the company had cash and cash equivalents of approximately HKD 63.1 million, up from HKD 40.2 million at the end of 2021, indicating sufficient liquidity for operations and future development[57]. - The current ratio as of June 30, 2022, was approximately 9.7, down from 12.0 at the end of 2021, reflecting a decrease in current assets relative to current liabilities[57]. - The company had no capital debt as of June 30, 2022, maintaining a net cash position to manage its capital requirements[59]. - The company reported a net cash inflow from operating activities of HKD 42,676,000, a significant improvement from a cash outflow of HKD 15,360,000 in the same period last year[96]. - Total assets decreased to HKD 1,571,714,000 as of June 30, 2022, compared to HKD 1,688,000,000 as of December 31, 2021[90]. - The company’s total equity as of June 30, 2022, was HKD 956,046,000, down from HKD 1,023,123,000 at the end of 2021[90]. - The total amount of loans receivable as of June 30, 2022, was HKD 594,218, down from HKD 668,242 at the end of 2021[134]. - The company reported no overdue loans as of June 30, 2022, indicating a stable collection environment[136]. Corporate Governance - The audit committee, composed of three independent non-executive directors, reviewed the financial data for the six months ending June 30, 2022, ensuring compliance with applicable accounting standards and regulations[82]. - The company confirms adherence to corporate governance practices, with all non-executive directors subject to re-election at the annual general meeting[78]. - The company has established an audit committee to oversee financial reporting and internal controls[82]. - The company has maintained compliance with the corporate governance code as of June 30, 2022, with no significant deviations reported[78]. - The company acknowledges the importance of good corporate governance for its development and shareholder protection[78]. - The company has appointed Sun Lin as a non-executive director effective July 4, 2022, to provide strategic development advice[83]. Market Conditions and Future Outlook - The company anticipates that if the pandemic situation improves in the second half of 2022, along with increased government subsidies for the real estate sector, it may positively impact business performance[37]. - The company aims to adjust its business layout prudently in response to economic uncertainties and follow national industrial policy directions[37]. - The demand for non-performing asset management has increased due to the pandemic and economic slowdown, indicating a favorable outlook for this business segment[48]. - The overall economic slowdown in Chongqing has impacted consumer spending, with traditional malls facing challenges due to the rise of e-commerce[49]. - The company holds a shopping mall in Chongqing, China, which has diversified its offerings to include family entertainment to adapt to online consumption impacts[51]. - The Chongqing government aims to increase the proportion of green buildings in new constructions from 57.24% in 2020 to 100% by 2025, which is expected to boost demand for landscaping and floral markets[53]. - The company plans to expand its sales channels for flowers and plants, benefiting from the government's push for green building development[55].

Financial Performance - The company reported revenue of approximately HKD 140.974 million for the year ended December 31, 2021, representing a 35.84% increase from HKD 103.759 million in 2020[102]. - Operating profit for the year was approximately HKD 82.982 million, compared to HKD 39.434 million in the previous year, indicating significant growth driven by factoring and floral sales[104]. - The net profit attributable to shareholders for the year was approximately HKD 54.2 million, a decrease of 52.71% from HKD 114.6 million in 2020, primarily due to the absence of a significant loan recovery that occurred in 2020[105]. - The company recorded a reversal of impairment losses on receivables of approximately HKD 22.1 million for the year, compared to HKD 43.4 million in 2020, reflecting improved loan recoveries[102]. - The factoring and refinancing business contributed approximately HKD 58.3 million in revenue, a growth of about 9.38% from HKD 53.3 million in 2020[106]. Business Strategy and Development - The company is optimistic about the prospects of the non-performing asset management industry, which saw an increase in scale to RMB 5.2 trillion in 2020, up RMB 900 billion from 2019[16]. - The company plans to expand its non-performing asset management focus, particularly in acquiring, splitting, and reselling non-performing assets related to the real estate sector[16]. - The company aims to enhance its business network and explore opportunities in the non-performing asset market as it continues to develop its financing division[16]. - The company aims to expand its business and diversify revenue sources while responding to national policies and market changes[18]. - The company plans to align with national industrial policy directions and effectively improve risk control efficiency while integrating its loan financing business models[140]. Risk Management - The group has implemented a systematic operational process for loan financing and factoring transactions, ensuring risk control measures are applied consistently[46]. - Continuous risk management procedures are in place to monitor clients and ultimate debtors after loan approval[57]. - The company conducts thorough due diligence on potential borrowers, including site visits and financial assessments to evaluate credit risk[55]. - The company assesses the credit status of clients and ultimate debtors during the loan approval process, including reviewing credit reports and financial documents[58]. - The group has developed effective internal and external risk identification and assessment procedures through its long-standing short-term loan and financing operations[51]. Legal and Compliance - The audit committee consists of three independent non-executive directors, ensuring compliance with accounting standards and financial reporting matters[162]. - The company's consolidated financial statements for the year ended December 31, 2021, have been reviewed and are consistent with the audited financial statements[163]. - The company is committed to maintaining high standards of financial reporting and compliance with regulatory requirements[162]. - The legal foundation for factoring business has been strengthened with the enactment of the Civil Code, which defines factoring contracts and supports the development of supply chain finance[144]. Market Conditions and Economic Outlook - The company is closely monitoring the macroeconomic developments in China and the regulatory landscape affecting its lending business[101]. - The total amount of non-performing assets has significantly increased due to accelerated economic transformation and the COVID-19 pandemic, leading to a substantial rise in demand for asset disposal[147]. - The implementation of the three-child policy is expected to increase the number of newborns in Chongqing, driving growth in the parent-child industry and expanding the market size of the maternal and infant sector from over RMB 400 billion in 2020 to RMB 754.6 billion by 2024[149]. Shareholder Information - The total number of shares held by Mr. Luo Shaoyu, a controlling shareholder, is 785,373,018, representing approximately 61.64% of the company's issued shares[187]. - The company did not recommend a final dividend for the year ended December 31, 2021, consistent with the previous year[177]. - The group has no significant contingent liabilities or major capital expenditures as of December 31, 2021, suggesting a conservative financial approach[160]. - The company has not reported any significant transactions involving directors and subsidiaries related to the group's business[186].

Financial Performance - The company recorded revenue of approximately HKD 74.5 million for the six months ended June 30, 2021, representing a 371.5% increase compared to HKD 15.8 million in the same period of 2020[7]. - Operating profit for the same period was approximately HKD 29.5 million, a turnaround from a loss of HKD 7.7 million in 2020, primarily due to increased revenue and positive impacts from foreign exchange and fair value changes[7]. - Profit attributable to owners of the company was approximately HKD 19.6 million, a decrease of 20.3% compared to HKD 24.6 million in the first half of 2020, due to the absence of unusual financial income from a related party loan[8]. - The company reported a net profit after tax of approximately HKD 5.5 million from the investment property segment for the first half of 2021, down from HKD 13.9 million in 2020[23]. - Net profit for the six months ended June 30, 2021, was HKD 26,612,000, down from HKD 32,630,000 in 2020, reflecting a decrease of 18%[72]. - Total comprehensive income for the period was HKD 38,650,000, compared to HKD 15,755,000 in the previous year, showing a substantial increase[72]. - The company reported a net cash outflow from operating activities of HKD 15,360,000 for the six months ended June 30, 2021, compared to a cash inflow of HKD 43,539,000 in 2020[80]. - The company reported a total tax expense of HKD 3,090,000 for the six months ended June 30, 2021, compared to HKD 1,597,000 for the same period in 2020, reflecting an increase in tax obligations[110]. Business Operations - The company has reduced reliance on external funding and is focusing on using its own capital for operations, particularly in the factoring business[9]. - The company plans to continue focusing on reliable projects with sufficient guarantees and controllable risks in its loan financing business[12]. - The factoring business contributed approximately HKD 32.4 million in revenue for the first half of 2021, compared to HKD 4.5 million in 2020, reflecting significant growth[18]. - The net profit after tax from the factoring business was approximately HKD 26.5 million for the first half of 2021, up from HKD 17.1 million in 2020[18]. - The company is providing short-term loans to two companies, with project amounts of RMB 40 million (approximately HKD 48.1 million) and RMB 25 million (approximately HKD 30.1 million) respectively[13]. - The company established a wholly-owned subsidiary, Dongrui Commercial Factoring (Shanghai) Co., Ltd., with a registered capital of RMB 50 million (approximately HKD 60.1 million) in May 2020[15]. - The company entered into a supplementary agreement with Mianyang Hualan Construction Engineering Co., Ltd. to revise the financing period, reducing the consideration from approximately RMB 50.5 million (approximately HKD 60.7 million) to RMB 48 million (approximately HKD 57.7 million)[15]. - The company is focusing on optimizing the layout of its "one-stop children's education training district" to enhance competitiveness and attract high-end merchants[38]. Investment and Assets - The company’s registered capital for Shanghai Dongkui is USD 51.3 million (approximately HKD 400.1 million)[12]. - The company acquired Anxin Wanbang Asset Management Co., Ltd. for RMB 60,000 (approximately HKD 72,100) in December 2020, with a registered capital of RMB 50 million (approximately HKD 60.1 million)[20]. - The company reported a fair value gain on financial assets of HKD 4,806,000 for the six months ended June 30, 2021, compared to a loss of HKD 6,202,000 in the same period of 2020[106]. - The fair value of investment properties was determined using the income capitalization method, with no significant changes noted during the review period[126]. - As of June 30, 2021, the fair value of investment properties was reported at HKD 312,748,000, reflecting a slight increase from HKD 308,880,000 at the beginning of the year[95]. - The total receivables, net of impairment provisions, amounted to HKD 573,570,000 as of June 30, 2021, up from HKD 503,881,000 as of December 31, 2020, indicating a growth of approximately 13.8%[127]. Market and Economic Environment - The company has maintained a cautious approach to business development in light of the uncertain economic environment due to the COVID-19 pandemic[9]. - The implementation of the three-child policy is anticipated to boost the overall market size of the parenting industry, with projections indicating that the maternal and infant industry market size could reach RMB 7.63 trillion by 2024[36]. - The regulatory environment for the loan financing industry is evolving, with policies aimed at reducing comprehensive financing costs for private enterprises, potentially leading to lower interest rates in the medium to long term[27]. - The flower and plant sales business is expected to benefit from the increasing demand for green services driven by the rapid development of the real estate sector in China[39]. Corporate Governance - The audit committee, composed of three independent non-executive directors, reviewed the financial data for the six months ending June 30, 2021, ensuring compliance with applicable accounting standards[67]. - The company confirms adherence to corporate governance practices, with a commitment to regular reviews and updates[65]. - The company acknowledges the importance of good corporate governance for its development and shareholder protection[62]. - The company has adopted the standard code of conduct for directors' securities transactions, confirming compliance by all directors for the six months ending June 30, 2021[66]. Shareholder Information - Major shareholder Chongqing Mingna Trading Co., Ltd. holds 785,373,018 shares, representing 61.64% of the company's issued shares[58]. - Wealthy In Investments Limited owns 760,373,018 shares, accounting for 59.68% of the total issued shares[58]. - Jiangsu Huaxi Group holds 140,000,000 shares, which is 10.99% of the company's issued shares[58]. - Hong Kong Jin Hua Jun Chang Industrial Co., Ltd. holds 70,000,000 shares, representing 5.49% of the total issued shares[58]. - The issued and fully paid ordinary shares increased to 1,274,039,000 shares as of June 30, 2021, remaining unchanged from the previous period[131]. Risk Management - The group faces foreign exchange risk due to transactions primarily conducted in local currencies, with some receivables denominated in RMB[47]. - The group has no bank borrowings as of June 30, 2021, maintaining a debt-free capital structure, which supports its operational flexibility[45]. - The company has no overdue receivables as of June 30, 2021, with all loans related to independent clients having no recent default records[129]. - The company is committed to maintaining a stable and low-risk investment attitude while seeking suitable investment opportunities to broaden its revenue sources[26].

Financial Performance - The company reported a total revenue of HKD 198.6 million for the year 2020, compared to HKD 159.2 million in the previous year[2]. - The company reported revenue of approximately HKD 103.759 million for the year ended December 31, 2020, representing an increase of 212.5% compared to HKD 33.202 million in 2019[16]. - Operating profit for the year was approximately HKD 39.434 million, a significant recovery from an operating loss of HKD 69.381 million in 2019[17]. - The net profit attributable to the company's owners for the year was approximately HKD 123.179 million, compared to a loss of HKD 83.405 million in 2019[16]. - The company received approximately RMB 665.6 million (approximately HKD 790.7 million) from Chongqing Dongyin Shorun Petrochemical Group to settle outstanding loans, contributing to the profit increase[17]. Business Development - The company established a wholly-owned subsidiary, Dongrui Commercial Factoring (Shanghai) Co., Ltd., in May 2020, focusing on import and export factoring and related consulting services[13]. - The company acquired Anxin Wanbang Asset Management Co., Ltd. in December 2020 to enter the non-performing asset industry, focusing on the acquisition, segmentation, and resale of real estate-related non-performing assets[13]. - The company aims to expand its business network and actively select reliable projects with sufficient guarantees and controllable risks in the financing business[10]. - The company is committed to creating greater value for shareholders by adapting to market changes and enhancing its management foundation and development strategy[14]. Market Trends - The non-performing asset market in China is projected to grow at a compound annual growth rate of 16.6%, from approximately RMB 3,178 billion in 2020 to RMB 5,883 billion by 2024[13]. - The global economy is expected to recover in 2021 after a significant downturn in 2020 due to the COVID-19 pandemic, with China being the only major economy to achieve positive growth[37]. - The Chinese loan financing industry is undergoing a transformation, with key regulatory policies introduced in 2020 to promote development and mitigate risks[38]. - The China Banking and Insurance Regulatory Commission issued the "Interim Measures for the Supervision and Administration of Financing Leasing Companies," which aims to standardize operations and prevent risks in the loan financing sector[41]. Asset Management - The company’s non-current assets as of December 31, 2020, were valued at HKD 357.209 million, while current assets were HKD 671.829 million[16]. - The company holds approximately HKD 146.1 million in cash and cash equivalents as of December 31, 2020, compared to HKD 39 million in 2019, indicating a significant increase in liquidity[51]. - The current ratio of the company is approximately 7.2 as of December 31, 2020, up from 3.3 in 2019, reflecting improved short-term financial health[51]. - The company has no capital debt ratio as of December 31, 2020, compared to 0.2 in 2019, indicating a shift to a debt-free capital structure[51]. Revenue Segments - The loan financing segment contributed approximately HKD 53.3 million in revenue for the year ended December 31, 2020, compared to approximately HKD 19 million in 2019, reflecting a significant increase[30]. - The investment property segment generated revenue of approximately HKD 19.7 million for the year ended December 31, 2020, up 40.4% from approximately HKD 14 million in 2019[31]. - The flower and plant sales segment reported revenue of approximately HKD 31.9 million for the year ended December 31, 2020, a substantial increase from approximately HKD 0.5 million in 2019[32]. Corporate Governance - The board of directors includes executive, non-executive, and independent non-executive members, with some members eligible for re-election at the upcoming annual general meeting[77]. - The company has adhered to the corporate governance code as of December 31, 2020, with some deviations noted regarding the appointment terms of non-executive directors and the attendance of the chairman at the annual general meeting[131]. - The board is responsible for maintaining an effective risk management and internal control system to safeguard shareholder interests and ensure compliance with relevant laws and regulations[168]. - The company has established a framework for continuous professional development for directors to enhance their knowledge and skills[147]. ESG and Sustainability - The ESG report covers the management policies and results related to environmental, social, and governance aspects for the period from January 1, 2020, to December 31, 2020[180]. - The report identifies significant issues through a materiality assessment process involving stakeholders and the board[181]. - Key environmental issues include waste management, energy efficiency, and greenhouse gas emissions management[196]. - The board plans to establish ESG goals relevant to the group's business and regularly review progress to enhance ESG performance[188].

Financial Performance - The company recorded revenue of approximately HKD 15.8 million for the six months ended June 30, 2020, a decrease of 4.29% compared to HKD 16.5 million for the same period in 2019[8]. - Profit attributable to owners of the company was approximately HKD 24.6 million, an increase of 3.48% from HKD 23.7 million in the previous year[8]. - The loan financing segment contributed approximately HKD 4.3 million in revenue for the six months ended June 30, 2020, down from HKD 9.7 million in the same period of 2019[16]. - 重庆宝旭 contributed approximately HKD 6.6 million in revenue from the sales of flowers and plants in the first half of 2020, marking a significant increase from zero in the same period of 2019[18]. - The investment property segment generated approximately HKD 4.9 million in revenue for the six months ended June 30, 2020, a decrease of about 28.2% compared to HKD 6.8 million for the same period in 2019[18]. - The net profit after tax for the flower and plant sales segment was approximately HKD 14.1 million for the six months ended June 30, 2020, compared to HKD 9.4 million for the same period in 2019[18]. - The overall revenue of Dongdongmo declined in the first half of the year, with a significant drop in merchant sales, leading to increased risks of rent collection difficulties[37]. - Revenue for the six months ended June 30, 2020, was HKD 15,809,000, a decrease of 4.3% from HKD 16,517,000 in the same period of 2019[76]. - Operating loss for the period was HKD 7,680,000 compared to an operating profit of HKD 6,193,000 in the previous year[76]. - Net profit for the period was HKD 32,630,000, an increase of 8.5% from HKD 30,082,000 in the same period of 2019[76]. - Total comprehensive income for the period was HKD 15,755,000, a decrease of 44.4% from HKD 28,288,000 in the same period of 2019[78]. Financial Position - As of June 30, 2020, total assets amounted to HKD 685,407,000, an increase from HKD 651,708,000 as of December 31, 2019, representing a growth of approximately 5.7%[80]. - The total liabilities increased to HKD 203,688,000 as of June 30, 2020, from HKD 199,376,000 as of December 31, 2019, reflecting a rise of about 2.0%[80]. - The company's cash and cash equivalents decreased to HKD 34,395,000 at the end of June 2020, down from HKD 106,523,000 at the end of June 2019, indicating a decline of approximately 67.7%[86]. - The net asset value as of June 30, 2020, was HKD 806,016,000, an increase from HKD 790,261,000 as of December 31, 2019, showing a growth of about 2.0%[80]. - The total equity attributable to owners of the company increased to HKD 605,948,000 as of June 30, 2020, from HKD 605,467,000 as of December 31, 2019, reflecting a marginal increase of 0.08%[80]. - The company's receivables from loans amounted to HKD 120,304,000 as of June 30, 2020, down from HKD 136,734,000 as of December 31, 2019, reflecting a decrease of 12.0%[129]. Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2020, was HKD 43,539,000, compared to a cash outflow of HKD 12,333,000 for the same period in 2019[86]. - The financing activities used net cash of HKD 43,136,000 for the six months ended June 30, 2020, compared to HKD 54,089,000 for the same period in 2019, indicating a decrease in cash outflow by approximately 20.3%[86]. - The company reported a net cash inflow from investing activities of HKD 1,773,000 for the six months ended June 30, 2020, a significant decrease from HKD 41,958,000 in the same period of 2019[86]. Debt and Financing - The total bank borrowings as of June 30, 2020, amounted to approximately HKD 1.721 billion, with a slight increase from HKD 1.670 billion at the end of 2019[45]. - The company's bank loans of approximately HKD 32.9 million as of June 30, 2020, were secured against investment properties valued at approximately HKD 308.8 million[46]. - The company has reduced its reliance on bank loans and increased overall market interest costs due to stricter regulatory policies in the Chinese financial market[12]. - The company is adjusting its short-term loan business in response to new regulations from the China Banking and Insurance Regulatory Commission[34]. - The company issued bonds with a total face value of HKD 195 million, with an annual interest rate of 9.5%, which are due within 24 months from the issuance date[146]. - The nominal interest rate on bank loans was 5.4% as of June 30, 2020, unchanged from December 31, 2019[144]. Legal and Regulatory Matters - The company is pursuing legal action to recover approximately HKD 40.2 million from Shaanxi Taibai, which has failed to repay rental payments due[9]. - Legal proceedings related to a claim of RMB 100 million (approximately HKD 109.7 million) against Chongqing Dongyin are ongoing, with property preservation measures in effect until June 26, 2022[24]. - The company is closely monitoring the legal situation regarding the loans and is prepared to take necessary actions to protect the company's interests[24]. - The company has not received any recent updates regarding negotiations between Chongqing Dongyin and Huarong[29]. - The company will take appropriate legal actions regarding the pledged assets when necessary[29]. Market and Business Strategy - The company is actively exploring the flower and plant sales market in China, establishing good relationships with customers to drive business growth[18]. - The company has been focusing on expanding its business operations and exploring new market opportunities despite challenging economic conditions[18]. - The company aims to diversify its business to broaden its revenue sources[30]. - The company plans to enhance its children's training business, having introduced 13 child and parent-related businesses, aiming to attract higher-end tenants[38]. - The financing leasing industry is experiencing an improved operating environment, with increasing market demand, providing good development opportunities[33]. Corporate Governance - The company confirmed compliance with corporate governance practices, with some deviations noted regarding non-executive director appointments and attendance at the annual general meeting[70][71]. - The audit committee reviewed the financial information for the six months ended June 30, 2020, and confirmed compliance with applicable accounting standards and regulations[73]. Shareholder Information - The board does not recommend the declaration of an interim dividend for the six months ended June 30, 2020[52]. - As of June 30, 2020, the total number of shares held by the directors and major executives amounts to 785,373,018, representing approximately 61.64% of the issued shares[54]. - Wealthy In Investments Limited holds 760,373,018 shares, accounting for 59.68% of the company[63]. - Jiangsu Huaxi Group Co., Ltd. holds 120,000,000 shares, representing 9.42% of the company[63].

Financial Performance - The company recorded revenue of approximately HKD 33,202,000 for the year ended December 31, 2019, representing an increase of 7.10% compared to HKD 30,959,000 in 2018[16]. - The operating loss for the year was approximately HKD 69,381,000, significantly higher than the loss of HKD 7,027,000 in 2018, primarily due to impairment losses related to receivables[16]. - The loss attributable to the company's owners for the year was approximately HKD 83,405,000, compared to a profit of HKD 27,981,000 in 2018[16]. - As of December 31, 2019, the company's total assets were HKD 1,025,142,000, down from HKD 1,207,562,000 in 2018[16]. - The company’s non-current assets decreased to HKD 373,434,000 in 2019 from HKD 398,017,000 in 2018[16]. - The group’s interest income from loans amounted to approximately HKD 13.9 million for the year ended December 31, 2019, compared to HKD 14.2 million in 2018[71]. - The group’s interest income from another loan was approximately HKD 19.1 million for the year ended December 31, 2019, compared to HKD 19.5 million in 2018[72]. - The group’s total current and non-current borrowings were approximately HKD 167 million and HKD 22.4 million, respectively, as of December 31, 2019[45]. - The group’s bank loans were approximately HKD 44.8 million, secured by investment properties valued at approximately HKD 315 million[46]. - The company reported no final dividend for the year ended December 31, 2019, consistent with the previous year[62]. Business Strategy and Development - Doyen International Holdings plans to develop more value-added services at Dongdongmo, including a project for selling flower seedlings, aligning with national agricultural policies[11]. - The company aims to enhance its business scope and competitiveness while maintaining prudent financial management and capital operations[9]. - Doyen International Holdings is actively seeking reliable investment opportunities to expand its business network amid economic uncertainties[9]. - The company is committed to adapting to market changes and creating greater value for shareholders in 2020[13]. - Doyen International Holdings will leverage its Hong Kong listing platform to enhance its operational capabilities and explore new business opportunities[9]. - The company is actively seeking suitable investment opportunities to diversify its business and expand revenue sources, focusing on low-risk short-term investments until potential opportunities are identified[34]. - The company is focused on expanding its investment and property development business through its subsidiaries[54]. - The management team is committed to exploring new market opportunities and potential acquisitions to drive growth[54]. Credit and Risk Management - The company reported a loan amount of RMB 470 million (approximately HKD 470 million) to Chongqing Doyen Holdings, which remains unpaid, highlighting a significant credit risk[13]. - The company plans to monitor the development of debt restructuring closely and engage in ongoing discussions regarding repayment arrangements with Chongqing Dongyin[31]. - The company has agreed to take necessary legal actions regarding the pledged assets at the appropriate time to protect its interests and those of its shareholders[31]. - The company noted that the risk of value depreciation in pledged assets can be avoided by settling debts through the disposal of pledged assets within three months[28]. - The company emphasized that companies with strict risk control and asset management capabilities will prevail in the financing industry as risks become more concentrated[37]. - The company conducts systematic due diligence for loan financing services, assessing clients' profitability, financial status, and credit conditions to select reliable projects with sufficient guarantees and controllable risks[180]. Legal and Compliance Issues - The company is considering legal actions regarding unpaid rent of approximately HKD 4,150,000 from Shaanxi Taibai[19]. - A legal claim was filed by Huarong for a debt amounting to RMB 100 million (approximately HKD 111.9 million) along with related interest and penalties[25]. - The company sought legal advice regarding the enforcement of rights related to the claims made by Huarong[25]. - The company has appointed Tianzhi Hong Kong as its auditor effective September 30, 2019, following the resignation of Roshan Mei[9]. - The company has established anti-corruption policies, including public tendering and third-party audits, to ensure transparency and protect shareholder interests[185]. Environmental and Social Responsibility - The company emphasizes environmental management and has implemented a "Green Office Policy" to reduce daily business impacts on the environment[152]. - Energy-saving measures have been adopted, including the use of LED lighting in offices, which has led to reduced electricity consumption and lower utility costs[156]. - The company is committed to regular reviews and updates of its policies to promote good practices and sustainability[153]. - The company has not received any confirmed environmental violations during the reporting period, indicating compliance with relevant laws and regulations[152]. - The group encourages the use of recyclable toner cartridges, with 18 cartridges used and returned for recycling during the reporting period[158]. - The group adheres to environmental protection policies and aims to integrate environmental considerations into investment decisions[162]. - The company has established a community investment policy to understand and consider community needs in its business activities[196]. - Community investment initiatives include participation in local activities and addressing community needs to enhance the company's positive image and promote sustainable development[186]. Corporate Governance - The board consists of 3 executive directors, 3 non-executive directors, and 3 independent non-executive directors, collectively responsible for leading and managing the group[15]. - The board of directors held 19 out of 19 meetings attended by all executive directors, indicating strong engagement and commitment[118]. - The company has adopted a board diversity policy, considering factors such as gender, age, cultural background, and professional experience for board appointments[119]. - The chairman and CEO roles are clearly separated to ensure a balance of power and decision-making within the company[121]. - The company provides ongoing support and updates to directors regarding regulatory developments to enhance compliance awareness[128]. - The board has confirmed compliance with the standards for securities trading, with no violations reported for the year ending December 31, 2019[129]. - The company’s risk management system aims to manage rather than eliminate risks associated with achieving business objectives[141]. - The company has established a comprehensive human resources system, strictly adhering to policies regarding recruitment, promotion, compensation, and employee rights[170]. Employee Management and Development - The company employed a total of 36 full-time employees as of December 31, 2019, compared to 30 in 2018, reflecting a 20% increase in workforce[51]. - The compensation package for employees includes base salary, sales bonuses, medical insurance, and retirement benefits, with discretionary bonuses and stock options based on performance[51]. - The company encourages employee skill enhancement and provides training for long-term personal growth opportunities[51]. - The group conducts annual employee assessments to promote personal development and align it with the company's growth[175]. - The group provides various employee benefits, including overtime pay, holiday allowances, and annual bonuses based on performance[172]. Customer Relations and Service - The customer service department aims to respond to complaints within 24 hours, analyzing each case to prevent recurrence and enhance customer satisfaction[180]. - The company has not experienced any customer data leakage incidents during the reporting period and has implemented strict confidentiality measures to protect client information[181].

Financial Performance - The company recorded a profit of approximately HKD 16.5 million for the six months ended June 30, 2019, a decrease of 1.41% compared to HKD 16.8 million for the same period in 2018[6]. - Profit attributable to the company's owners increased by 80.51% to approximately HKD 23.7 million, compared to HKD 13.2 million for the same period in 2018[6]. - The company reported revenue of HKD 16,517,000 for the six months ended June 30, 2019, a slight decrease of 1.4% compared to HKD 16,753,000 in the same period of 2018[64]. - Operating profit for the period was HKD 6,193,000, a significant improvement from an operating loss of HKD 5,305,000 in the previous year[64]. - Net profit for the period reached HKD 30,082,000, representing a 50.5% increase from HKD 19,998,000 in the prior year[64]. - The total comprehensive income for the period was HKD 28,288,000, compared to HKD 3,668,000 in the previous year, reflecting a substantial increase[66]. - The company’s total comprehensive income for the period was HKD 23,739 thousand, compared to a loss of HKD 56,694 thousand in the same period of the previous year[71]. Loan Financing - Shanghai Dongkui is providing loan financing to six hospitals, with project amounts ranging from approximately HKD 2.28 million to HKD 45.5 million[9]. - The actual interest rate for loan financing ranges from 11.3% to 13.9%, consistent with 2018[10]. - Loan financing segment contributed approximately HKD 9.7 million in revenue, compared to HKD 9.5 million for the same period in 2018[11]. - The after-tax profit for the loan financing segment was approximately HKD 15.7 million, slightly down from HKD 15.9 million in the previous year[11]. - The company faced challenges in obtaining bank factoring for potential loan financing projects due to stricter regulatory environments in China[10]. - The company has reduced its reliance on bank factoring and increased overall market interest costs[10]. Investment Properties - The investment property segment contributed approximately HKD 6.8 million in revenue for the six months ended June 30, 2019, a decrease of about 6.31% compared to HKD 7.3 million for the same period in 2018[13]. - The net financial income attributable to the investment property segment increased to approximately HKD 5.4 million for the six months ended June 30, 2019, compared to HKD 5.3 million for the same period in 2018[13]. - The after-tax profit for the investment property segment was approximately HKD 9.4 million for the six months ended June 30, 2019, down from HKD 10.9 million for the same period in 2018[13]. - The fair value of investment properties as of June 30, 2019, was HKD 318,876,000, with no significant changes noted during the review period[88]. - The total investment properties as of June 30, 2019, are valued at HKD 318,876,000, showing no significant change from HKD 318,868,000 as of December 31, 2018[112]. Cash and Debt Management - As of June 30, 2019, the group held cash and cash equivalents of approximately HKD 106.5 million, down from HKD 133.2 million as of December 31, 2018[31]. - The current ratio as of June 30, 2019, was approximately 3.2, compared to 3.0 as of December 31, 2018[31]. - The group's capital debt ratio was 0.16 as of June 30, 2019, up from 0.14 as of December 31, 2018[31]. - Total borrowings exceeded cash and cash equivalents by approximately HKD 170.7 million as of June 30, 2019, compared to HKD 146.7 million as of December 31, 2018[31]. - The group’s loans to customers include approximately HKD 121,500,000 secured by machinery and equipment, with interest rates ranging from 11.9% to 13.9%[113]. - The total borrowings as of June 30, 2019, were HKD 277.2 million, slightly down from HKD 279.9 million as of December 31, 2018, indicating a decrease of about 1%[126]. - The company has extended the maturity date of the bonds to January 18, 2019, and the interest rate during the extension period was adjusted to 9%[130]. Shareholder Information - As of June 30, 2019, Mr. Luo holds a total of 785,373,018 shares, representing approximately 61.64% of the company's issued shares[41]. - Wealthy In Investments Limited, wholly owned by Mr. Luo, holds 760,373,018 shares, accounting for 59.68% of the company's issued shares[51]. - Jiangsu Huaxi Group Co., Ltd. holds 120,000,000 shares, which is approximately 9.42% of the company's issued shares[51]. - The company has a significant concentration of ownership, with major shareholders holding over 60% of the total shares[51]. - Mr. Lin Xuegang and Ms. Chen Aini, as major shareholders, collectively control 90% and 10% of Chongqing Mingna Trading Co., Ltd., which holds 785,373,018 shares[52][53]. Corporate Governance - The company has committed to regular reviews of its corporate governance practices to ensure compliance with the latest developments[59]. - The audit committee, composed of three independent non-executive directors, reviewed the financial information for the six months ended June 30, 2019, ensuring compliance with applicable accounting standards[61]. - The company has not disclosed any changes in the directors' biographies that require reporting under the listing rules since the last annual report[45]. Future Outlook - The group is actively seeking investment opportunities to diversify its business and expand revenue sources[24]. - The group plans to continue advancing its hospital loan financing business, leveraging policies such as "Belt and Road" and "Made in China 2025" for growth opportunities[26]. - The group is monitoring the latest developments in debt restructuring closely and will provide updates as necessary[22]. Other Financial Information - The company incurred a foreign exchange loss of HKD 1,794,000 related to overseas operations, an improvement from a loss of HKD 16,330,000 in the prior year[66]. - Financial income for the period was HKD 38,211,000, while financial costs amounted to HKD 10,405,000, resulting in a net financial income of HKD 27,806,000[64]. - The company has not engaged in any share buybacks during the six months ended June 30, 2019[64]. - The company has not reported any new strategies or market expansions in the current financial period[50].

Financial Performance - The company reported revenue of approximately HKD 30.96 million for the year ended December 31, 2018, a decrease of 11.34% compared to HKD 34.92 million in 2017[14]. - The operating loss for the year was approximately HKD 7.03 million, a decline of 123.96% from an operating profit of HKD 29.33 million in 2017, primarily due to the depreciation of the Renminbi[15]. - The profit attributable to the owners of the company was approximately HKD 17.10 million, down 30.20% from HKD 24.40 million in 2017[15]. - As of December 31, 2018, total non-current assets were HKD 398.02 million, a decrease from HKD 409.72 million in 2017[14]. - Current assets amounted to HKD 809.55 million, down from HKD 853.38 million in 2017[14]. - Current liabilities increased significantly to HKD 266.69 million from HKD 81.32 million in 2017[14]. - Non-current liabilities decreased to HKD 52.55 million from HKD 272.46 million in 2017[14]. Investment and Financing Activities - The company plans to actively seek suitable investment opportunities to create greater value for shareholders and stakeholders in 2019[12]. - The company aims to diversify its business and improve performance through effective risk management strategies and expanding its loan financing business[10]. - The company has established a share transfer agreement to recover outstanding loans amounting to approximately RMB 477.6 million (approximately HKD 543.5 million) from Chongqing Dongyin[11]. - Shanghai Dongkui provided a loan of RMB 30 million (approximately HKD 34.1 million) to Huai'an Hongze Hospital for a three-year term, secured by the hospital's machinery and equipment[18]. - Shanghai Dongkui also agreed to a loan of RMB 40 million (approximately HKD 45.5 million) to Shaanxi Taibai Investment Group for a three-year term, with similar collateral arrangements[19]. - The actual interest rates for loans provided by Shanghai Dongkui ranged from 11.3% to 13.9%, compared to 11.9% to 13.9% in 2017[20]. - The revenue from the loan financing segment for the year was approximately HKD 16.8 million, down from HKD 23.4 million in 2017, while the net profit after tax was approximately HKD 26.4 million, up from HKD 22.9 million in 2017[21]. - The total amount of loans provided to various hospitals amounted to RMB 40 million (approximately HKD 45.5 million) for Taojiang County People's Hospital and RMB 35 million (approximately HKD 39.8 million) for Shehong County People's Hospital, among others[20]. Debt and Liquidity Management - The company has reduced its reliance on bank factoring due to stricter regulatory policies, which has led to temporary liquidity tightness and increased overall market interest costs[20]. - The company has not received any repayments of principal and interest on the loans since January 2018, prompting a proposed debt restructuring[36]. - The company is in discussions with Chongqing Dongyin regarding repayment arrangements for outstanding debts, with a debt restructuring plan approved by creditors on January 25, 2019[39]. - As of December 31, 2018, the company's cash and cash equivalents amounted to approximately HKD 133.2 million, an increase from HKD 96.1 million in 2017[46]. - The company's current ratio as of December 31, 2018, was 3.04, down from 10.49 in 2017, indicating a decrease in liquidity[46]. - The company's capital debt ratio as of December 31, 2018, was 0.14, compared to 0.20 in 2017, reflecting improved capital structure[47]. - The total borrowings of the company as of December 31, 2018, exceeded cash and cash equivalents by approximately HKD 146.7 million, down from HKD 225.3 million in 2017[47]. Corporate Governance and Compliance - The board of directors consists of 3 executive directors, 3 non-executive directors, and 3 independent non-executive directors, ensuring a balanced governance structure[120]. - The company has complied with the corporate governance code, with a commitment to enhancing shareholder value and protecting shareholder rights[118]. - The company’s independent non-executive directors confirmed their independence in accordance with the listing rules[120]. - The board meetings are held approximately quarterly, with full attendance from executive directors[123]. - The company has engaged RSM Hong Kong as its auditor, following the resignation of PwC[116]. - The board confirmed its responsibility for preparing consolidated financial statements that fairly reflect the group's financial position and performance[148]. - The board has adopted a dividend policy that considers financial performance, operational needs, and future development plans before declaring dividends[156]. Employee and Labor Practices - The group employed a total of 30 full-time employees as of December 31, 2018, down from 35 in 2017[51]. - The compensation package for employees includes base salary, sales bonuses, medical insurance, and retirement benefits, with discretionary bonuses and stock options potentially awarded based on performance[51]. - The company emphasizes employee engagement through various activities, enhancing their sense of belonging and commitment[187]. - The company conducts annual health checks for employees to ensure their well-being[187]. - The company provides competitive compensation and benefits, including basic salary, sales bonuses, and medical insurance plans[185]. - The company aims for zero workplace injuries and has not reported any significant occupational health and safety violations during the reporting period[186]. Environmental and Sustainability Initiatives - The group has established a "Green Office Policy" to enhance employee awareness of environmental protection and encourage sustainable practices in daily work and life[164]. - The group implemented various energy-saving measures, including maintaining office temperatures between 24 to 26 degrees Celsius and using LED lighting to reduce electricity consumption[168]. - The group aims to set quantitative targets for resource usage after the implementation of the "Green Office Policy" matures[165]. - The group encourages the use of public transportation and teleconferencing to reduce carbon emissions from business travel[168]. - The group has integrated environmental protection elements into property investment projects, such as using natural lighting to reduce energy consumption[169]. - The group has established multiple waste recycling bins in shopping malls to improve recycling rates and promote resource reuse[172]. Shareholder and Market Information - The top five customers accounted for approximately 43.51% of the total revenue for the year ended December 31, 2018, down from 46.29% in 2017, with the largest customer contributing 19.26% of total revenue, compared to 17.37% in 2017[101]. - The company has no distributable reserves as of December 31, 2018, and 2017[67]. - The company did not engage in any share buybacks, sales, or redemptions during the year ended December 31, 2018[69]. - The company has a single class of shares, all with equal voting rights and entitlement to declared dividends[157]. - Shareholders holding at least 5% of the paid-up capital can request the board to convene a special general meeting[157].