Company Overview - As of June 30, 2019, the market capitalization of China Oceanwide Holdings Limited was approximately HK$7.183 billion[16]. - The interim results announcement for 2019 was made on August 5, 2019[16]. - The company is listed on the Main Board of The Stock Exchange of Hong Kong Limited under stock code 715[16]. - The registered office is located at Clarendon House, 2 Church Street, Hamilton HM11, Bermuda[11]. - The head office is situated at 64/F., Bank of China Tower, 1 Garden Road, Hong Kong[13]. - The company provides investor relations contact information, including a telephone number of +852 3959 5500[19]. Financial Performance - Revenue for the Period was HK$57.6 million, down from HK$76.7 million in 2018, representing a decrease of 25.5%[44][45]. - Losses before interest expense and tax (LBIT) amounted to HK$27.2 million, compared to earnings before interest expenses and tax (EBIT) of HK$25.1 million in 2018[44][45]. - The consolidated loss attributable to shareholders was HK$35.6 million, a significant decline from a profit of HK$13.8 million in 2018[45]. - Basic loss per share was HK0.22 cent, compared to a basic profit per share of HK0.09 cent in 2018[45]. - Revenue from the property investment segment decreased by 15% to HK$43.5 million, with EBIT down 22% to HK$34.5 million[54]. - The real estate development segment reported a loss before interest expense and tax (LBIT) of HK$31.3 million, an increase of 133% compared to HK$13.4 million in the same period of 2018[74]. - The energy segment recorded an LBIT of HK$17.6 million, a significant increase of 572% from HK$2.6 million in the corresponding period of 2018[79]. Assets and Investments - As of June 30, 2019, the total assets of the Group increased to HK$24,716.5 million, a 2% rise compared to December 31, 2018[40][41]. - Investment properties grew by 11% to HK$4,900.4 million, while properties under development rose by 3% to HK$15,189.6 million[40][41]. - As of June 30, 2019, approximately US$362.0 million (equivalent to HK$2,829.1 million) has been invested in the Medan Project, which is developing coal-fired steam power plants in Indonesia[78]. - The Group's total financial assets at fair value through other comprehensive income and through profit or loss amounted to HK$381.4 million, representing 1.5% of total assets as of June 30, 2019[85]. Financing and Capital Management - The Group successfully raised net financing proceeds of HK$1,287.4 million during the six months ended 30 June 2019[38]. - The management plans to maintain sufficient capital reserves and will raise funds through shareholders or third-party loans, as well as various debt and equity financing alternatives[86]. - The Group's total borrowings, including convertible notes, were HK$6,190.8 million as of June 30, 2019, compared to HK$6,147.5 million as of December 31, 2018[109]. - The net cash used in operating activities during the six months ended June 30, 2019, was HK$176.9 million, a significant decrease from HK$1,063.8 million in 2018[111]. - The Group's liquidity position is closely monitored to ensure it can meet its funding requirements[96]. Shareholding and Corporate Governance - Oceanwide Holdings must maintain at least 51% ownership of the issued share capital; failure to do so will result in loan acceleration[130]. - The company has a significant concentration of ownership, with major shareholders controlling over 74% of the voting rights[173]. - The company has complied with all applicable code provisions under the Corporate Governance Code, except for the deviation regarding the roles of chairman and chief executive officer being performed by the same individual[191][192]. - The independent non-executive director and chairman of the audit committee, Mr. Liu Jipeng, did not attend the annual general meeting held on May 23, 2019, due to other business engagements[196]. Market Conditions and Strategic Focus - The global economic growth continued to decelerate, influenced by rising trade protectionism and geopolitical tensions[30]. - The ongoing China-U.S. trade war is expected to be a "protracted battle," prompting the management to closely monitor macroeconomic conditions and implement risk management measures as necessary[87]. - The Group maintained a cautious investment strategy focused on U.S. dollar denominated assets amid macroeconomic uncertainties[30]. - The management is committed to developing existing projects under stringent cost and risk controls to enhance long-term returns for shareholders[92].

D 中泛控股有限公司 CHINA OCEANWIDE HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (於百慕逵註冊成立之有限公司) Stock Code 股份代號: 715 or ( 2018 ANNUAL REPORT 1 This report is printed on environmentally friendly paper 本報告以環保紙印製 CONTENTS 目錄 | --- | --- | |------------------------------------------------------------------------------|-------| | | | | Corporate Information 公司資料 | 2 | | | | | Information for Shareholders 股東資訊 | 4 | | Definitions 釋義 | 6 | | Chairman's Statement 主席報告 | 8 | | Management Discussion and ...