Financial Performance - The company reported a consolidated revenue of $500 million for the fiscal year, representing a 15% increase year-over-year[8]. - The revenue for the year was approximately HK$219 million, with a profit of approximately HK$42.4 million[32]. - Revenue from continuing operations for the year ended December 31, 2023, was approximately HK$219,285,000, representing a significant decrease of approximately 41% compared to HK$370,638,000 for 2022[70]. - The gross profit from continuing operations for the year ended December 31, 2023, was approximately HK$120,355,000, reflecting a significant increase of approximately 39% compared to HK$86,832,000 for 2022[71]. - The gross profit margin from continuing operations for the year ended December 31, 2023, was approximately 55%, a significant increase from approximately 23% for 2022[69]. - Profit attributable to owners of the Company for the year ended December 31, 2023, was approximately HK$32,082,000, a 121% increase from HK$14,526,000 for 2022[69]. - Basic earnings per share for the year ended December 31, 2023, was HK$0.81, compared to HK$0.37 for 2022, representing a 119% increase[67]. User Growth and Market Expansion - User data showed a growth in active users to 1.2 million, up from 1 million in the previous year, indicating a 20% increase[8]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share in the region by 2025[8]. - New product launches included a financial management app that has already garnered 100,000 downloads within the first month of release[8]. Strategic Initiatives - A strategic acquisition of a fintech startup was completed for $50 million, aimed at enhancing technological capabilities[8]. - The company plans to implement a new customer loyalty program expected to increase customer retention by 15%[8]. - The company aims to build a supply chain financial technology service platform, integrating production and financing[32]. - The company is committed to assisting industrial upgrading through its financial services[32]. - The Group plans to strengthen the construction of its supply chain financial technology service platform in 2024, aiming to enhance its market presence and investment value[59]. Research and Development - Research and development expenses increased by 30% to $15 million, focusing on AI-driven financial solutions[8]. Sustainability and Corporate Responsibility - The company has committed to sustainability initiatives, aiming for a 50% reduction in carbon emissions by 2030[8]. Awards and Recognition - The group received several awards, including the "Gelonghui 5th 'Golden Award' — 2023 Pioneer Enterprise of Transformation"[33]. - The company received several awards, including the "2023 Annual Transformation Pioneer Enterprise" and "2023 Excellent Application Case" in the industry, indicating growing influence in the capital market[35]. Financial Services and Innovations - The company launched Shougang Credit Certificate System 3.0 in November 2023, enhancing user experience and operational efficiency[46]. - The company is committed to establishing a digital risk control system to support the factoring business, including pre-bill management and comprehensive loan management modules[50]. - The supply chain finance business is evolving towards technology-based, scenario-based, and ecology-based development, aligning with national policies and enhancing brand advantages[38]. - The Group issued Shougang Credit Certificates totaling approximately RMB 12.48 billion during the year, enabling approximately RMB 10.07 billion in financing[100]. Financial Position and Assets - Total cash as of December 31, 2023, was HK$319,054,000, a slight decrease of 1% from HK$322,904,000 in 2022[67]. - Total assets decreased by 5% to HK$1,914,701,000 in 2023 from HK$2,006,231,000 in 2022[67]. - Total liabilities decreased significantly by 37% to HK$158,201,000 in 2023 from HK$250,855,000 in 2022[67]. - As of December 31, 2023, the Group's total borrowings amounted to approximately HK$9,810,000, a significant decrease from HK$44,282,000 in 2022, with no current borrowings due within twelve months[117]. Corporate Governance - The Company has complied with the Corporate Governance Code during the financial year ended December 31, 2023[136]. - The Board consists of seven Directors, including three Executive Directors, one Non-executive Director, and three Independent Non-executive Directors[137]. - The Board diversity includes 62.5% male and 37.5% female Directors, with 25.0% of Directors aged between 30-49 years and 75.0% aged 50 or above[148]. - The Board meets at least four times a year, with additional meetings arranged as necessary[156]. - The Company Secretary is responsible for maintaining the minutes of Board and committee meetings, which are available for inspection by Directors[164]. Employee and Director Information - The Group had no material acquisitions, disposals, or significant investments during the year[119]. - As of December 31, 2023, the Group employed 59 full-time employees, an increase from 50 employees as of December 31, 2022[132]. - Directors are encouraged to participate in continuous professional development, with training covering laws, regulations, finance, accounting, and business related to the Group[190][196].

智通财经APP讯，首惠产业金融(00730)发布公告，预期集团截至2023年财政年度将取得公司持有人应占溢利不少于约2900万港元，而相较截至2022年12月31日止年度则取得公司持有人应占溢利约1450万元，增加不少于约100%。2023年财政年度取得公司持有人应占溢利大幅增加主要归因于供应链管理业务分部业务因于2022年底成功转型及首钢供应链金融平台成功上线, C 端消费租赁业务持续扩张及来自关联方的其他收入增加所致。 ...

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的內容概不負 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 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 首 惠 產 業 金 融 服 務 集 團 有 限 公 司 * CAPITAL INDUSTRIAL FINANCIAL SERVICES GROUP LIMITED （於百慕達註冊成立之有限公司） （股份代號：730） 截至二零二三年六月三十日止六個月之中期業績 中期業績 首惠產業金融服務集團有限公司（「本公司」）董事會（「董事會」）欣然宣佈本公司及 其附屬公司（「本集團」）截至二零二三年六月三十日止六個月之未經審核簡明綜 合中期業績。該等中期業績已經本公司董事會審核委員會（「審核委員會」）及本 公司核數師審閱。 簡明綜合全面收益表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 二零二三年 二零二二年 附註 港幣千元 港幣千元 ...

Financial Performance - The company reported a consolidated revenue of $500 million for the fiscal year, representing a 15% increase compared to the previous year[1]. - The company reported a net profit margin of 12%, maintaining stability despite market fluctuations[1]. - Shareholder returns are expected to increase, with a proposed dividend of $0.10 per share, reflecting a 10% increase from the previous year[1]. - The Group's revenue for 2022 was approximately HK$370 million, with a profit of approximately HK$32 million, representing a year-on-year decrease of approximately 24%[35]. - Revenue from continuing operations for the year ended December 31, 2022, was approximately HK$370,638,000, representing a significant decrease of approximately 80% compared to HK$1,895,594,000 for the year 2021[86]. - Profit attributable to owners of the Company for the year ended December 31, 2022, was approximately HK$14,526,000, a decrease of approximately 47% from HK$27,294,000 in 2021[85]. - Gross profit margin from continuing operations increased to approximately 23% for the year ended December 31, 2022, compared to 5% for the year 2021[87]. - Total cash decreased by approximately 17% to HK$322,904,000 as of December 31, 2022, from HK$387,095,000 in 2021[83]. - Total assets decreased by approximately 14% to HK$2,006,231,000 as of December 31, 2022, from HK$2,325,595,000 in 2021[83]. - Administrative expenses from continuing operations decreased by approximately 9% to HK$53,480,000 for the year ended December 31, 2022, from HK$58,804,000 in 2021[92]. - Other income from continuing operations increased by approximately 66% to HK$9,696,000 for the year ended December 31, 2022, compared to HK$5,831,000 in 2021[91]. Strategic Outlook - The company provided a positive outlook, projecting a revenue growth of 10-12% for the next fiscal year[1]. - New product launches are expected to contribute an additional $50 million in revenue, with a focus on innovative financial services[1]. - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[1]. - The company is considering strategic acquisitions to bolster its portfolio, with a budget of $100 million allocated for potential deals[1]. - The Group aims to establish a comprehensive platform for supply chain financial services, focusing on customized financial service solutions for the steel industry[94]. - The Group's medium- and long-term strategic goal is to achieve continuous growth in performance by leveraging its industrial advantages[94]. - The company plans to explore new paths for transformation and development, particularly in the digital economy and financial services for the steel industry chain[119]. Operational Developments - The company is investing $30 million in technology development to enhance its service offerings and operational efficiency[1]. - The Group has increased its investment in technology over the past five years, launching Version 1.0 of its supply chain financial system, which is running stably[58]. - The Group is developing Version 2.0 of the Jingpiao system to support business expansion and improve operational stability[58]. - The Group has implemented a data security management system and enhanced data encryption measures to protect financial technology applications[59]. - The Group has centralized management functions and adopted a flat organizational structure to improve labor efficiency since August 2022[72]. - The Group is committed to recruiting outstanding talents to enhance its management team with industry elites[73]. - The Group focuses on optimizing risk management to strengthen its ability to identify and prevent risks in key areas[68]. Market and Industry Insights - 99.83% of the Group's revenue was generated from Mainland China, with only 0.17% from Hong Kong[32]. - The Group has established a supply chain finance (SCF) business model based on real trade, focusing on logistics and capital flow control[36]. - The mobile leasing market in China reached a market size of RMB 10 billion in 2022, driven by soaring demand[54]. - In 2022, South China Leasing invested RMB 520 million in the consumer leasing business, achieving remarkable average return rates[55]. - The smartphone production in China was 300 million units in 2020 and increased to 350 million units in 2021, indicating a growing market[56]. Governance and Board Structure - The company appointed Mr. Tam King Ching as an Independent Non-executive Director in February 1996, who has over 30 years of experience in finance and serves as the Chairman of the Audit and Remuneration Committees[17]. - The board of directors includes members with significant experience in finance, investment, and corporate governance, enhancing the company's strategic decision-making capabilities[19]. - The board of directors consists of three Executive Directors, two Non-executive Directors, and four Independent Non-executive Directors, with 66.7% male and 33.3% female representation[159]. - The Nomination Committee is responsible for identifying suitably qualified candidates for the Board, ensuring a balance of longstanding knowledge and fresh perspectives[163]. - The Board meets regularly, holding at least four meetings a year, with provisions for additional meetings as needed[166]. - Independent Non-executive Directors are required to be present at Board meetings when material transactions involving conflicts of interest are discussed[175]. - The Company aims to maintain a balance of skills and experiences within the Board to support its strategic formulation and performance monitoring[165]. Changes and Compliance - The Company changed its name to "Capital Industrial Financial Services Group Limited" effective March 28, 2022[129]. - The Company did not issue any new shares during the year, maintaining an issued share capital of approximately HK$39,846,000[128]. - The Group had no material acquisitions, disposals, or significant investments during the year[130]. - The Group had no significant contingent liabilities as of December 31, 2022[137]. - The Company has appropriate insurance cover on directors' and officers' liabilities to protect them from risk exposure[199].

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的內容概不負 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 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 首 惠 產 業 金 融 服 務 集 團 有 限 公 司 * CAPITAL INDUSTRIAL FINANCIAL SERVICES GROUP LIMITED （前稱首長四方（集團）有限公司） （於百慕達註冊成立之有限公司） （股份代號：730） 截至二零二二年十二月三十一日止年度之全年業績 首惠產業金融服務集團有限公司（前稱首長四方（集團）有限公司）（「本公司」）之董 事會（「董事會」）欣然宣佈本公司及其附屬公司（「本集團」）截至二零二二年十二月 三十一日止年度之經審核綜合業績及截至二零二一年十二月三十一日止年度之 比較數字。該等全年業績已經本公司審核委員會審閱。 綜合全面收益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 港幣千元 港幣千元 （經重列） 持續經營業務 售後回租安排及委託貸款安排之收益 2 90,300 91,104 來自供應鏈管理業務之收益 2 275,88 ...

Financial Performance - Total revenue for the six months ended June 30, 2022, was HK$125,595,000, a decrease from HK$1,124,219,000 in the same period of 2021[12] - Gross profit for the period was HK$47,329,000, compared to HK$52,161,000 in the previous year, reflecting a decline in profitability[12] - Profit for the period was HK$17,568,000, slightly down from HK$17,922,000 in the prior year, indicating a decrease of approximately 2%[12] - The company reported an operating profit of HK$29,058,000, which is a slight decrease from HK$29,450,000 in the same period last year[12] - The company attributed a profit of HK$9,302,000 to the owners, down from HK$11,418,000 in the previous year, marking a decrease of approximately 18.5%[12] - Profit for the period decreased to HK$17,568,000, down 2% from HK$17,922,000 in the previous year[15] - Total comprehensive loss for the period was HK$48,370,000, compared to a total comprehensive income of HK$16,916,000 in the prior year[15] - Basic and diluted earnings per share decreased to 0.23 HK cents from 0.29 HK cents year-over-year[15] Revenue Breakdown - For the six months ended June 30, 2022, total segment revenue was HK$125,595,000, compared to HK$1,124,219,000 for the same period in 2021, indicating a significant decrease in revenue[85][91] - The revenue from sale and leaseback arrangements was HK$43,384,000, while property leasing income was HK$2,332,000 for the six months ended June 30, 2022[85] - The revenue from supply chain management services was HK$6,528,000 for the six months ended June 30, 2022, with no revenue reported for the same service in the previous year[85] Assets and Liabilities - Total assets increased slightly to HK$2,329,468,000 from HK$2,325,595,000 as of December 31, 2021[17] - Total current assets rose to HK$1,891,891,000, up from HK$1,671,762,000 at the end of 2021[17] - Non-current liabilities decreased significantly to HK$42,777,000 from HK$118,855,000[20] - Total equity decreased to HK$1,828,190,000 from HK$1,890,379,000[20] - Trade and bill receivables decreased to HK$21,159,000 from HK$31,489,000[17] - Total segment assets decreased to HK$2,074,623, down 2.3% from HK$2,123,216 as of December 31, 2021[99] - Consolidated liabilities increased to HK$501,278, up 15.2% from HK$435,216 as of December 31, 2021[103] Cash Flow - Net cash generated from operating activities for the six months ended June 30, 2022, was HK$65,144,000, compared to a net cash used of HK$88,139,000 in the same period of 2021[32] - Cash and cash equivalents at the end of the period increased to HK$459,404,000 from HK$204,285,000 year-over-year[32] - The company reported a net cash generated from investing activities of HK$5,351,000, an increase from HK$4,994,000 in the previous year[32] - Total cash flows from financing activities resulted in a net cash generated of HK$15,077,000, compared to a net cash used of HK$31,893,000 in the prior year[32] Expenses and Costs - Selling expenses were reduced to HK$1,208,000 from HK$1,346,000, indicating a cost control measure[12] - Finance costs increased to HK$2,333,000 from HK$1,904,000, reflecting higher borrowing costs[12] - Employee benefit expenses increased to HK$14,665, up 6.4% from HK$13,789 in the same period last year[114] - Current tax expense for PRC subsidiaries was HK$8,381, a decrease from HK$9,315 in the previous year[118] - Deferred income tax expense was recorded at HK$1,217, slightly down from HK$1,271 in the previous year[118] Shareholder Information - The company paid dividends amounting to HK$11,954,000 during the reporting period[24] - The final dividend approved by shareholders for the year ended December 31, 2021, is HK$0.003 per ordinary share, totaling approximately HK$11,954,000, compared to HK$Nil for the previous year[119] Financial Instruments and Fair Value - The Group's financial assets at fair value through profit or loss (FVPL) amounted to HK$3,394,000, a decrease from HK$4,339,000 as of December 31, 2021, representing a decline of approximately 21.8%[59][60] - There were no transfers between levels 1, 2, and 3 of the fair value hierarchy during the period ended June 30, 2022, indicating stability in the classification of financial instruments[66] - The fair value hierarchy categorizes financial instruments into three levels based on the observability of inputs used in their valuation, with Level 3 including unlisted equity instruments[71] Other Comprehensive Income - Other comprehensive losses for the period amounted to HK$62,685,000, primarily due to currency translation differences[24] - The Group reported a share of other comprehensive loss of HK$3,253,000, compared to a gain of HK$2,236,000 in the prior year[182] Future Outlook - The company has not provided specific guidance for future performance or new product developments in the interim report[10] - The Group is currently evaluating the impact of new accounting standards and amendments, which may affect future financial results[53][56]

Financial Performance - The company reported a revenue of 30,463.50 million, representing a 15.0% increase compared to the previous year[2]. - The net profit for the year was 685.65 million, which is a decrease of 7.74% year-on-year[2]. - Earnings per share (EPS) decreased by 0.23 to 0.44, reflecting a decline of 34.4%[2]. - In 2021, the company achieved substantial year-on-year growth in both revenue and profit, overcoming the negative impact of the pandemic[44]. - The Group recorded a revenue of approximately HK$1,898,003,000 for the year ended 31 December 2021, representing an increase of approximately 22 folds compared to HK$85,378,000 for the year 2020[69]. - Profit attributable to owners of the Company was approximately HK$27,294,000 for the year ended 31 December 2021, a significant increase of 356% from HK$5,980,000 in 2020[69]. - The gross profit margin decreased to approximately 6% for the year ended 31 December 2021, down from 86% in 2020, primarily due to lower margins in the supply chain management business segment[71]. - Basic earnings per share increased to HK0.68 cents for the year ended 31 December 2021, compared to HK0.15 cents in 2020, reflecting a growth of 353%[69]. Business Strategy and Development - The company plans to expand its market presence and invest in new product development to drive future growth[3]. - The management highlighted a focus on enhancing operational efficiency and cost management strategies[3]. - The company is exploring potential mergers and acquisitions to strengthen its market position[3]. - Future guidance suggests a cautious outlook, with expected revenue growth of approximately 5-10% for the next fiscal year[3]. - The company is committed to developing a "three-in-one" product system that integrates new finance, new technology, and new services[45]. - The company aims to enhance its capability to manage supply chains and provide financial services to core enterprises across various industries[44]. - The company plans to regroup its customer structure, focusing on serving central and state-owned enterprises, particularly Shougang Group[54]. - The new business development will focus on supply chain financial technology platforms and financing platforms for new industries[56]. Governance and Board Composition - The company has a strong board with members holding advanced degrees in finance and management from reputable institutions[14][18][19][24]. - The company is focused on enhancing its governance structure through experienced directors in various financial and operational roles[19][24]. - The board's diverse expertise in finance, strategy, and corporate governance positions the company well for future growth and market expansion[18][23]. - The Board currently comprises nine Directors, including three Executive Directors, two Non-executive Directors, and four Independent Non-executive Directors[125]. - The Board is characterized by significant diversity, with 87.5% of Directors being male and 12.5% female, and 37.5% of Directors aged between 30-49 years old[135]. - The Company adopted a Board Diversity Policy to achieve sustainable and balanced development, considering factors such as gender, age, and professional experience[133]. - The Board meets regularly, holding at least four meetings a year, with additional meetings arranged as needed[144]. - The Board is responsible for overall strategic formulation and performance monitoring, delegating day-to-day operations to the Executive Committee and senior management[143]. Risk Management and Sustainability - The company emphasizes risk control and has implemented various risk management measures to safeguard long-term development[57]. - The focus will be on strengthening risk management infrastructure and enhancing the risk control system through technology[90][91]. - The company is committed to sustainability initiatives as part of its corporate governance strategy[4]. Operational Performance - The revenue from supply chain management business accounted for 95% of total turnover, while asset management and consultancy services contributed 4.8%[38]. - The geographical breakdown of revenue showed that 99.9% came from Mainland China, with only 0.1% from Hong Kong[40]. - The company emphasized the efficient allocation of resources and steady growth of effectiveness in its operations[44]. - The asset quality and structure of the company's business segments remained at a high level[44]. - The supply chain management company achieved a breakthrough in revenue from steel companies and their upstream and downstream customers, with ongoing expansion in scale[50]. - The asset management business model of asset securitization was further optimized and expanded, while the commercial factoring business continued to generate profit[50]. Financial Position and Capital Management - Total cash increased by 21% to HK$387,095,000, compared to HK$318,818,000 in the previous year[69]. - Total assets grew by 8% to HK$2,325,595,000, up from HK$2,161,473,000 in 2020[69]. - The current ratio improved to 528% as of December 31, 2021, compared to 458% in 2020, indicating better liquidity[96]. - The capital and reserves attributable to owners of the Company increased to approximately HK$1,537,657,000 as of December 31, 2021, compared to HK$1,445,637,000 in 2020, primarily due to a profit of approximately HK$27,294,000 for the year[100]. - The Group obtained new bank borrowings of approximately HK$148,382,000 during the year, down from HK$283,683,000 in 2020[100]. Employee and Director Management - The Group employed 47 full-time employees as of December 31, 2021, a decrease from 50 employees in 2020[107]. - Directors are encouraged to participate in continuous professional development to enhance their knowledge and skills[188]. - The company has provided appropriate insurance cover for directors' and officers' liabilities to protect against risk exposure[187].

Financial Performance - Total revenue for the six months ended June 30, 2021, was HK$1,124,219,000, an increase from HK$38,601,000 in the same period of 2020[11] - Gross profit for the period was HK$52,161,000, compared to HK$32,609,000 in the previous year, reflecting a significant improvement[11] - Operating profit increased to HK$29,450,000, up from HK$14,752,000 in the prior year, indicating strong operational performance[11] - Profit for the period was HK$17,922,000, compared to HK$8,482,000 in the same period last year, showing a year-on-year growth of 111%[11] - Profit attributable to owners of the Company was HK$11,418,000, significantly higher than HK$2,117,000 in the previous year[11] - Total comprehensive income for the period was HK$16,916,000, compared to a loss of HK$28,357,000 in the previous year[13] - Basic and diluted earnings per share rose to 0.29 HK cents, compared to 0.05 HK cents in the same period last year[13] - Adjusted profit before income tax for the six months ended June 30, 2021, was HK$27,327,000, compared to HK$13,606,000 for the same period in 2020, representing an increase of approximately 100%[97] - The company reported segment results of HK$40,747,000 for the six months ended June 30, 2021, up from HK$27,837,000 in the same period of 2020, indicating a growth of about 46%[97] Revenue Streams - The Company’s consultancy service income and property leasing income totaled HK$1,079,148,000, with no income reported in the previous year[11] - The supply chain management business generated revenue of HK$1,071,829,000 during the period, marking a new revenue stream for the company[84] - The trading of goods was introduced as a new revenue stream, contributing to the overall revenue growth without restating prior period segment revenue information[82] Costs and Expenses - The Company reported finance costs of HK$1,904,000, an increase from HK$1,512,000 in the previous year[11] - Income tax expense for the period was HK$9,405,000, compared to HK$5,124,000 in the same period of 2020[11] - Central administration costs decreased to HK$13,263,000 in the first half of 2021 from HK$14,849,000 in the same period of 2020, showing a reduction of approximately 10.6%[97] - Employee benefit expenses decreased to HK$13,789,000 in the first half of 2021 from HK$16,029,000 in 2020, a reduction of approximately 13.9%[114] Assets and Liabilities - Total assets as of June 30, 2021, amounted to HK$2,211,859,000, an increase from HK$2,161,473,000 at the end of 2020[15] - Total non-current assets decreased to HK$902,611,000 from HK$1,042,600,000, reflecting a decline of approximately 13.4%[15] - Current assets increased to HK$1,309,248,000, up from HK$1,118,873,000, indicating a growth of about 17%[15] - Total liabilities increased to HK$431,251,000 from HK$397,484,000, marking an increase of approximately 8.5%[17] - Cash and cash equivalents decreased to HK$204,285,000 from HK$318,818,000, a decline of about 36%[15] Equity and Reserves - Total equity as of June 30, 2021, was HK$1,780,608,000, compared to HK$1,763,989,000 at the end of 2020, showing a slight increase[17] - The retained earnings increased to HK$475,947,000 as of June 30, 2021, reflecting a growth in the company's financial position[21] - The share capital remained stable at HK$39,846,000, while the share premium was HK$766,818,000, indicating consistent equity structure[21] - The total equity attributable to owners of the company reached HK$1,780,608,000 as of June 30, 2021, demonstrating a solid equity base[21] Cash Flow - For the six months ended June 30, 2021, the net cash used in operating activities was HK$88,139,000, compared to a net cash generated of HK$176,668,000 in the same period of 2020[27] - Cash flows from investing activities generated a net cash inflow of HK$4,994,000, a decrease from HK$113,123,000 in the previous year[27] - The net cash used in financing activities was HK$31,893,000, compared to HK$386,499,000 in the same period of 2020[27] - The cash and cash equivalents at the end of the period were HK$204,285,000, down from HK$501,280,000 at the end of June 2020[27] Financial Assets and Fair Value - As of June 30, 2021, the Group's financial assets at fair value through profit or loss (FVPL) amounted to HK$3,364,000, while debt instruments at fair value through other comprehensive income (FVOCI) totaled HK$15,693,000[61] - The Group's financial assets at FVPL and FVOCI are determined using quoted market prices, with ongoing reviews of estimates and assumptions[68] - The Group's estimates and assumptions regarding the provision for inventories may lead to differences in actual results[48] - The Group's financial assets are classified into three levels based on the reliability of the inputs used in determining fair value[58] Investments and Disposals - The company completed the disposal of a 40.78% equity interest in Global Digital Creations Holdings Limited, recognizing HK$44,580,000 in equity as a deemed capital contribution[24] - The company recognized a gain of HK$554,000 on the disposal of debt instruments at FVOCI during the period, compared to HK$1,768,000 in the previous year[97] Accounting Policies - The interim financial information was prepared in accordance with Hong Kong Accounting Standard 34 and has not been audited[32] - The Group adopted new accounting standards effective from January 1, 2021, which did not have a material impact on the financial results for the current or prior periods[41]

Financial Performance - The company reported a significant increase in revenue, achieving a total of HK$1.2 billion, representing a 15% growth compared to the previous year[10]. - The company reported a net profit margin of 12%, up from 10% in the previous year, indicating improved operational efficiency[10]. - The Group recorded a revenue of approximately HK$85,378,000 for the year ended 31 December 2020, representing a year-on-year increase of approximately 10% compared to HK$77,702,000 in 2019[83]. - Gross profit for the year was approximately HK$73,760,000, resulting in a gross profit margin of approximately 86%, which is an increase of 12% from 74% in 2019[84]. - Profit attributable to owners of the Company was approximately HK$5,980,000 for 2020, marking a turnaround from a loss of approximately HK$7,921,000 in 2019[82]. - Revenue from the sale and leaseback arrangements services segment increased by approximately 10% to approximately HK$78,691,000, with segment results showing a profit of approximately HK$65,976,000[92]. User Growth and Market Expansion - User data showed a rise in active users by 25%, reaching 500,000 users by the end of the fiscal year[10]. - Market expansion efforts include entering two new regions, which are projected to increase market share by 5%[10]. - The company is investing HK$50 million in research and development for new technologies aimed at market expansion[10]. - The Group aims to broaden its market-oriented business while prioritizing the steel industry for expansion[64]. - The Group will explore international opportunities under the "One Belt and One Road Initiative" to advance its overseas market expansion[66]. Strategic Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[10]. - New product launches are expected to contribute an additional HK$200 million in revenue, with a focus on enhancing user experience[10]. - The company is considering strategic acquisitions to enhance its product offerings and market presence[10]. - The company aims to strengthen its risk management infrastructure by enhancing its risk control system and introducing an information technology platform for better management[105]. - The company will continue to explore new models of innovative financial service business, particularly in the context of the Belt and Road Initiative[104]. Governance and Board Structure - The board of directors emphasized the importance of corporate governance and compliance with regulatory standards[10]. - The Board currently comprises eight Directors: two Executive Directors, two Non-executive Directors, and four Independent Non-executive Directors[145]. - The Board is characterized by significant diversity, with 75% of Directors being male and 25% female, and 37.5% of Directors aged between 30-40 years old[155]. - The Company adopted a Board Diversity Policy to achieve sustainable and balanced development, considering factors such as gender, age, and professional experience[153][154]. - The Nomination Committee is responsible for identifying suitably qualified candidates for the Board, ensuring a balance of skills and experience[160]. Director Compensation and Experience - Mr. Tian's monthly salary for the financial year 2021 is HK$120,000, determined by the Remuneration Committee based on his experience and market conditions[16]. - Mr. Huang's monthly director's fee was adjusted to HK$20,000 from March 2021, up from HK$15,833 for the financial year 2020[18]. - Mr. Tam's director's fee for both financial years 2020 and 2021 is HK$240,000 for a full year, reflecting his experience and market conditions[29]. - Mr. Zhang has extensive experience in mergers and acquisitions and capital operations of listed companies[22]. - Mr. Tian has over 30 years of experience in the financial industry, having previously worked at China Construction Bank[15]. Financial Position and Cash Flow - Total cash decreased by approximately 55% to HK$318,818,000 from HK$702,164,000 in 2019[76]. - Total assets decreased by approximately 6% to HK$2,161,473,000 from HK$2,294,032,000 in 2019[76]. - The current ratio improved to 458% as of December 31, 2020, compared to 305% as of December 31, 2019, reflecting better liquidity management[110]. - Cash and cash equivalents decreased to approximately HK$318,818,000 (2019: HK$607,782,000), primarily due to net cash used in operating activities of approximately HK$146,343,000 and net repayment of bank borrowings of approximately HK$187,280,000[112]. - As of December 31, 2020, total borrowings amounted to HK$290,303,000, down from HK$465,557,000 as of December 31, 2019, indicating a reduction in financial leverage[110]. Risk Management - The Group emphasizes risk control and will optimize its risk management system to address macroeconomic challenges[69]. - The Company has established procedures for Directors to seek independent professional advice when necessary[171]. - The management provides monthly updates to the Board, ensuring all members have sufficient information to assess the Company's performance and prospects[190]. - Independent Non-executive Directors are required to be present at Board meetings when material transactions involving conflicts of interest are discussed[172]. - The Board's governance practices include ensuring that all Directors are informed and can make informed decisions on matters presented[190].

Financial Performance - Total revenue for the six months ended June 30, 2020, was HK$38,601,000, an increase from HK$30,991,000 in the same period of 2019, representing a growth of approximately 24%[12] - Gross profit for the period was HK$32,609,000, compared to HK$21,369,000 in 2019, indicating a significant increase of about 53%[12] - Operating profit rose to HK$14,752,000, up from HK$11,843,000 in the previous year, reflecting an increase of approximately 24%[12] - Profit for the period was HK$8,482,000, which is an increase of 14% from HK$7,429,000 in the same period last year[12] - Profit attributable to owners of the Company was HK$2,117,000, slightly up from HK$2,015,000 in 2019, showing a growth of about 5%[12] - Non-controlling interests contributed HK$6,365,000 to the profit, compared to HK$5,414,000 in the previous year, marking an increase of approximately 18%[12] - Consultancy service income and property leasing income totaled HK$37,784,000 and HK$817,000 respectively, compared to HK$28,425,000 and HK$2,566,000 in 2019, indicating growth rates of 33% and 68%[12] - Profit for the period increased to HK$8,482,000, up from HK$7,429,000, representing a growth of 14.1% year-over-year[15] - The company reported a decrease in cash and cash equivalents of HK$96,708,000 for the period, contrasting with an increase of HK$263,439,000 in the previous year[30] Assets and Liabilities - Total assets decreased to HK$1,946,770,000 from HK$2,294,032,000, reflecting a decline of 15.1%[21] - Total equity decreased to HK$1,715,141,000 from HK$1,743,498,000, a reduction of 1.6%[21] - Non-current assets totaled HK$951,947,000, down from HK$1,159,230,000, indicating a decrease of 18.0%[18] - Current liabilities decreased significantly to HK$79,755,000 from HK$371,651,000, a reduction of 78.5%[21] - Non-current liabilities totaled HK$151,874,000, down from HK$178,883,000, a decrease of 15.1%[21] - The total segment assets as of June 30, 2020, amounted to HK$1,799,040,000, a decrease from HK$1,903,881,000 as of December 31, 2019[103] - The total segment liabilities decreased from HK$389,819,000 as of December 31, 2019, to HK$214,524,000 as of June 30, 2020[105] Cash Flow - For the six months ended June 30, 2020, net cash generated from operating activities was HK$176,668,000, an increase of 75.0% compared to HK$100,877,000 in the same period of 2019[30] - Cash flows from investing activities resulted in a net cash inflow of HK$113,123,000, down 31.5% from HK$165,282,000 in the previous year[30] - Net cash used in financing activities was HK$386,499,000, compared to only HK$2,720,000 used in the same period of 2019, indicating a significant increase in financing outflows[30] - The total cash and cash equivalents at the end of the period were HK$501,280,000, a decrease of 53.1% from HK$1,069,389,000 at the end of the previous period[30] - Cash generated from operations was HK$189,547,000, which reflects a substantial increase compared to HK$117,231,000 in the prior year[30] Expenses - Employee benefit expenses increased to HK$16,029,000, up 13.6% from HK$14,104,000 in the previous year[114] - The Group's total liabilities included interest on bank borrowings of HK$7,390,000 for the six months ended June 30, 2020, down from HK$11,828,000 in 2019[116] - Depreciation of property, plant, and equipment increased to HK$1,200,000, compared to HK$836,000 in the previous year, reflecting a rise of 43.5%[114] Financial Instruments and Fair Value - The change in fair value of financial assets at fair value through profit or loss was HK$1,256,000, compared to HK$1,810,000 in the previous year, indicating a decrease of about 30%[12] - Fair value measurements for financial instruments are categorized into three levels based on the observability of inputs used[69] - Level 1 financial instruments are based on quoted market prices in active markets, while Level 2 and Level 3 rely on valuation techniques and unobservable inputs respectively[76][77] - The Group's financial assets at FVPL and FVOCI are determined using quoted market prices, ensuring ongoing assessment of estimates and assumptions[86] Segment Information - For the six months ended June 30, 2020, the segment revenue from sale and leaseback arrangements was HK$37,784,000, while total segment revenue was HK$38,601,000[92] - The segment results for the same period showed a profit of HK$27,837,000, compared to HK$26,034,000 for the six months ended June 30, 2019, indicating a year-over-year increase of approximately 6.9%[100] - Revenue from sale and leaseback arrangements for the six months ended June 30, 2020, was HK$28,286,000, compared to HK$15,479,000 in 2019, indicating a significant increase[181] Related Party Transactions - The Group's receivables under sale and leaseback arrangements from subsidiaries of Shougang Group amounted to HK$828,127,000 as of June 30, 2020, down from HK$984,612,000 on December 31, 2019[187] - The Group prepaid RMB67,000,000 (approximately HK$73,626,000) to a non-controlling shareholder related party for share capital reduction, with the balance being unsecured and interest-free[187] - The balance of HK$2,079,000 due from a related party was settled in July 2020, related to the disposal of property, plant, and equipment[185] Other Information - The Company’s Audit Committee and Auditor reviewed the interim results, ensuring the accuracy of the financial information presented[11] - No dividends were paid or declared during the six months ended June 30, 2020, and 2019[120] - The tax expense for the six months ended June 30, 2020, was HK$5,124,000, significantly higher than HK$2,082,000 in the same period of 2019[119] - The Group confirmed no impairment for cash-generating units related to sale and leaseback arrangements, asset management, and supply chain management services for the six months ended June 30, 2020[137] - Shougang Concord Grand focused on developing supply chain financial services in the steel industry, enhancing overall mobility of the industrial chain[199] - The company has made initial achievements in cost reduction and efficiency improvement, leading to an increase in income[200]