Core Points - The company reported a revenue of HKD 962 million for the six months ending June 30, 2025, representing a year-on-year decrease of 18.28% [1] - The loss attributable to shareholders was HKD 11.415 million, compared to a profit of HKD 3.397 million in the same period last year, resulting in a basic loss per share of HKD 0.004 [1] - The decline in revenue is primarily attributed to reduced turnover in the payment and digital services segment, as well as the energy metering and solutions segment [1] Revenue and Profit Analysis - The decrease in classified turnover and operating profit is mainly due to a non-cash stock option expense of approximately HKD 85.2 million related to a subsidiary's stock option grant in March 2025 [1] - The shift towards digital payments further replaced traditional payment markets, with increased resource allocation towards overseas and cross-border operations [1]

格隆汇8月18日丨高阳科技(00818.HK)公布，截至2025年6月30日止六个月，公司综合营业额为 961,700,000港元，同比减少约18%。期内亏损合共为27,100,000港元，而于2024年上半年则为溢利 23,400,000港元。 ...

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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何 部分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。 HI SUN TECHNOLOGY (CHINA) LIMITED 截至二零二五年六月三十日止六個月之 中期業績公佈 | 財務概覽 | | | | | --- | --- | --- | --- | | | 未經審核 | | | | | 二零二五年 | 二零二四年 | | | | 上半年 | 上半年 | 變動 | | | 千港元 | 千港元 | +/(-) | | 業績 | | | | | 收入 | 961,708 | 1,176,888 | -18% | | 毛利 | 332,110 | 413,836 | -20% | | 分類EBITDA# | | | | | （扣除未分配項目前） | 8,839 | 75,379 | -88% | | 經營（虧損）╱溢利 | (140,575) | 9,488 | 不適用 | | 應佔聯營公司之業績 | 119,224 | 141,385 | -16% | | ...

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�佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何 部分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。 HI SUN TECHNOLOGY (CHINA) LIMITED 高陽科 技（中 國）有限公 司 * 高陽科技（中國）有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於二零 二五年八月十八日（星期一）舉行董事會會議，藉以考慮及（如認為適當）批准刊發本 公司及其附屬公司截至二零二五年六月三十日止六個月之未經審核綜合中期業績、 宣派中期股息（如有），以及�理任何其他事項。 承董事會命 （於百慕達註冊成立之有限公 司） （股份代 號：818） 董事會會議召開日期 許諾恩 香港，二零二五年八月六日 於本公佈日期，董事會成員包括五名執行董事，分別為徐文生先生、渠萬春先生、 李文晉先生、徐昌軍先生及許諾恩女士；以及三名獨立非執行董事，分別為譚振輝 先生、梁偉民先生及李和國先生。 * 僅供識別 高陽科技（中國）有限公司 執行董事兼公司秘書 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 高陽科技(中國)有限公司（於百慕達註冊成立之有限公司） 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 FF301 III.已發行股份及/或庫存股份變動詳情 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00818 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.0025 HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0. ...

Group 1 - As of June 3, a total of 105 stocks reached their 52-week highs, with Huayin International Holdings (00989), Dingyifeng Holdings (00612), and Youquhui Holdings (02177) leading the high rate at 57.26%, 37.93%, and 23.02% respectively [1] - The closing prices and highest prices for the top three stocks are as follows: Huayin International Holdings at 1.370 and 1.950, Dingyifeng Holdings at 0.770 and 0.800, and Youquhui Holdings at 3.550 and 3.580 [1] - Other notable stocks that reached their 52-week highs include China Antibody-B (03681) with a high rate of 21.62% and Fengcheng Holdings (02295) at 19.52% [1] Group 2 - The report also lists stocks that reached their 52-week lows, with Des Holdings (08437) showing the largest decline at -38.79%, followed by Dimi Life Holdings (01667) at -20.50% [3] - The closing prices and lowest prices for the top three stocks that reached their lows are: Des Holdings at 0.177 and 0.071, Dimi Life Holdings at 0.140 and 0.128, and Lujizhi Technology (01745) at 0.197 and 0.194 [3] - Other stocks with significant declines include GBA Group (00261) at -11.48% and Baide International (02668) at -10.88% [3]

Financial Performance - The company reported a consolidated income of $202 million for the fiscal year, representing a 15% increase compared to the previous year[106]. - The Group's consolidated turnover for FY2024 was HK$2,340.0 million, a decrease of 14% from HK$2,709.2 million in FY2023[41]. - Profit for FY2024 totaled HK$176.6 million, down from HK$514.4 million in FY2023[41]. - Total revenue for 2024 decreased to HK$2,340,040,000 from HK$2,709,164,000 in 2023, representing a decline of approximately 13.7%[178]. - Gross profit for 2024 was HK$908,802,000, down from HK$992,177,000 in 2023, indicating a decrease of about 8.4%[178]. - EBITDA for 2024 was HK$172,840,000, compared to HK$300,875,000 in 2023, reflecting a decline of approximately 42.5%[175]. - Profit for the year 2024 was HK$176,554,000, down from HK$514,374,000 in 2023, representing a decline of approximately 65.7%[178]. - Earnings per share for 2024 were HK$0.057, compared to HK$0.169 in 2023, a decrease of about 66.3%[178]. - The company reported a share of results from associated companies of HK$213,160,000 in 2024, down from HK$402,949,000 in 2023, indicating a decline of approximately 47%[178]. User Growth and Market Expansion - User data showed a growth of 25% in active users, reaching a total of 1.5 million users by the end of the fiscal year[106]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[106]. - Digital payment volume grew by over 35% year-on-year in 2024, while cross-border transaction volume increased by more than 70%[44]. Revenue Guidance and Future Projections - The company has provided a revenue guidance of $250 million for the next fiscal year, indicating a projected growth of 23%[106]. - New product launches are expected to contribute an additional $30 million in revenue, with a focus on enhancing user experience and technology integration[106]. - The Group remains optimistic about national economic recovery despite challenges expected in 2025[43]. - Management will focus on financial and operational disciplines to seize growth opportunities in 2025[45]. Corporate Governance and Financial Reporting - The board of directors emphasized a commitment to corporate governance and transparency in financial reporting[79]. - The independent auditor's report confirmed the accuracy of the financial statements, reinforcing stakeholder confidence[98]. Operational Challenges and Strategic Changes - The decline in operating profit was mainly due to reduced interest income and operating profit in the fintech services segment[44]. - The Group ceased its electronic power meters and solutions business to streamline operations and improve overall financial performance[40]. - The handling fee rate for digital payments is lower than traditional payments during its expansion stage, impacting revenue[44]. - The decline in revenue and operating profit was attributed to the transition from traditional payment methods to digital payments, which have lower handling fees[189]. - The company is actively expanding its management service products and platforms, as well as cross-border business, despite short-term pressures during the digital transformation[189]. Financial Position and Assets - As of December 31, 2024, the Group reported total assets of HK$11,858.8 million, down from HK$13,031.7 million in 2023, while total liabilities decreased to HK$4,135.9 million from HK$5,253.7 million[51]. - The net cash position as of December 31, 2024, was HK$3,371.7 million, compared to HK$3,439.3 million in 2023[52]. - The gearing ratio increased to 1.5% in 2024 from 1.1% in 2023, indicating a healthy capital structure suitable for ongoing business growth[52]. - The Group had restricted bank balances of HK$2,593.9 million and cash and cash equivalents of HK$3,011.3 million as of December 31, 2024[52]. Employee and Shareholder Information - The Group's principal activities include providing payment and digital services, fintech services, platform operation solutions, and financial solutions[81]. - The Group operates a Share Option Scheme and a Share Award Scheme to incentivize and retain employees, with the Share Option Scheme adopted on June 12, 2023[94]. - The Company does not recommend the payment of dividends for the year ended December 31, 2024, consistent with the previous year[82]. - The Group's performance analysis by business and geographical segments is detailed in the consolidated financial statements[81]. Share Option and Incentive Schemes - No options were granted, vested, exercised, cancelled, or lapsed during the year ended 31 December 2024, with 227,683,383 options available for grant as of 1 January 2024 and 31 December 2024, representing 10% of the total number of Shares in issue[104]. - The Share Award Scheme will remain valid and effective for a period of 10 years from 29 June 2021 until 29 June 2031[105]. - The total number of Shares that may be issued under the Share Award Scheme shall not exceed 1.5% of the issued Shares as of the Adoption Date[108]. - The exercise price of an option shall not be less than the higher of the closing price of the Shares on the date of grant or the average closing price of the Shares for the five trading days immediately preceding the date of grant[100]. - The scheme for share options will remain valid and effective for a period of 10 years until 11 June 2033[117].

Financial Performance - Revenue for the year ended December 31, 2024, was HKD 2,340,040,000, a decrease of 14% compared to HKD 2,709,164,000 in 2023[2] - Gross profit decreased by 8% to HKD 908,802,000 from HKD 992,177,000[2] - Adjusted net profit fell by 54% to HKD 233,439,000 from HKD 512,670,000[2] - Basic earnings per share decreased by 66% to HKD 0.057 from HKD 0.169[3] - Net profit for the year was HKD 176,554,000, down from HKD 514,374,000 in the previous year, representing a decline of approximately 66%[17] - EBITDA for the fiscal year was HKD 172,840,000, compared to HKD 300,875,000 in 2023, reflecting a decrease of 43%[15] - The consolidated revenue for the year 2024 was HKD 2,340,000,000, a decrease of 14% compared to 2023, primarily due to declines in payment and digital service revenues[30] - The group reported a net profit of HKD 176,554,000 for the year ended December 31, 2024, compared to HKD 514,374,000 for the year ended December 31, 2023, reflecting a significant decline of 65.7%[90][92] Assets and Liabilities - Total assets decreased by 9% to HKD 11,858,778,000 from HKD 13,031,718,000[3] - Total liabilities decreased to HKD 4,135,902,000 from HKD 5,253,700,000, indicating a reduction of approximately 21.2%[18] - Total liabilities decreased to HKD 3,976,415,000 in 2024 from HKD 5,121,080,000 in 2023, with accounts payable dropping significantly[47] - The total assets as of December 31, 2024, were HKD 11,858,778,000, down from HKD 13,031,718,000 in 2023[18] Cash and Equivalents - Cash and cash equivalents were HKD 3,011,300,000, down from HKD 3,482,000,000 in 2023[6] - Total cash and cash equivalents, including restricted bank balances, decreased to HKD 5,605,195,000 in 2024 from HKD 7,024,334,000 in 2023[45] - Cash and cash equivalents decreased to HKD 3,011,282,000 from HKD 3,482,016,000, a reduction of approximately 13.5%[19] Segment Performance - The payment and digital services segment reported revenue of HKD 1,749,898,000, a decline of 12% from HKD 1,994,129,000 in 2023[22] - The company reported a net loss of HKD 20,631,000 in the fintech services segment, compared to a profit of HKD 47,748,000 in 2023[15] - The financial technology services segment reported revenue of HKD 87,800,000 for 2024, down 56% from HKD 198,300,000 in 2023, attributed to a decrease in loan volumes[24] - The platform operation solutions segment generated revenue of HKD 145,300,000 in 2024, a 12% decline from HKD 166,000,000 in 2023, with an operating loss of HKD 20,900,000[25] - The financial solutions segment achieved revenue of HKD 273,900,000 in 2024, down 10% from HKD 304,600,000 in 2023, but turned an operating profit of HKD 9,200,000 compared to a loss in the previous year[26] Employee and Operational Metrics - The total number of employees as of December 31, 2024, was 2,411[13] - Total employee benefits expenses, including director remuneration, remained stable at HKD 946,907,000 compared to HKD 945,914,000, showing a slight increase of 0.1%[96] Investments and Acquisitions - The company had no major acquisitions or disposals of subsidiaries during the year[10] - The company holds a 34.3% equity interest in PAX Global Technology Limited, valued at approximately HKD 1,954,700,000, which is below its book value[37] - The company reduced its equity interest in Dian San San from 70% to 49% through an investment agreement, resulting in Dian San San no longer being a subsidiary[144] Research and Development - The group is progressing well with various R&D projects, focusing on cost reduction across its product lines[41] - Research and development costs increased from HKD 303,079,000 to HKD 345,677,000, representing a growth of about 14%[96] Market Outlook and Strategy - The company is actively expanding its management services, platforms, and cross-border business despite short-term pressures during the digital transformation phase[23] - The company anticipates stable development in the information security chip market in 2025, despite potential policy impacts from the payment market[41] - The company plans to continue its digital payment strategy, with digital payment volume expected to grow over 30% year-on-year in 2024[58] Governance and Compliance - The company has adopted corporate governance practices in accordance with the principles and code provisions set out in the Listing Rules Appendix C1, ensuring compliance for the fiscal year ending December 31, 2024[154] - The audit committee has reviewed the accounting policies adopted by the group and the audited consolidated financial statements for the year ending December 31, 2024[156] Shareholder Information - The company did not declare or pay any dividends for the year ended December 31, 2024, consistent with 2023[109] - The company repurchased a total of 10,388,000 ordinary shares in 2024, compared to 13,759,000 shares in 2023, with 10,388,000 shares subsequently canceled within the year[122]

Borrowers and Receivables - The total number of borrowers in the financial technology services business as of December 31, 2023, was 69,818[9] - The total amount of receivables as of December 31, 2023, was approximately HKD 1,682,500,000, including HKD 302,400,000 from small loan business and HKD 1,380,100,000 from supply chain financing business[9] - The receivables from the top five borrowers (all from supply chain financing business) amounted to approximately HKD 210,200,000, accounting for about 12.5% of the total receivables and approximately 1.6% of the company's total assets as of December 31, 2023[9] Interest Rates and Credit Losses - The actual annual interest rate for receivables typically ranges from 4% to 24%[9] - The company recorded credit impairment losses on receivables of approximately HKD 54,700,000 and wrote off receivables of approximately HKD 67,600,000 for the year ended December 31, 2023[10] Small Loan Business - The small loan business targets individuals with small loan financial needs, with loan amounts generally ranging from RMB 2,000 to RMB 50,000 and loan terms ranging from 3 to 12 months[3] Supply Chain Financing Business - The supply chain financing business targets enterprises, with loan terms generally ranging from one month to twelve months[7] - The company maintains a database of potential clients, primarily large enterprises with high credit ratings and strong financial strength[7] Risk Management and Credit Evaluation - The company has implemented post-loan risk management policies for both small loan and supply chain financing businesses to ensure timely repayment and manage credit risks[4][8] - The company uses a comprehensive credit evaluation process for both small loan and supply chain financing businesses, including real-name authentication, income verification, and creditworthiness assessment[3][6]

Revenue and Segment Performance - Payment and digital services segment revenue decreased to HK$892.68 million in 1H2024 from HK$1,023.80 million in 1H2023, a decline of 12.8%[5] - Fintech services segment revenue dropped to HK$46.70 million in 1H2024 from HK$115.66 million in 1H2023, a decrease of 59.6%[5] - Platform operation solutions segment revenue slightly decreased to HK$57.06 million in 1H2024 from HK$59.92 million in 1H2023, a decline of 4.8%[5] - Financial solutions segment revenue increased to HK$99.81 million in 1H2024 from HK$94.86 million in 1H2023, a growth of 5.2%[5] - Total revenue for 1H2024 was HK$1,176.89 million, down from HK$1,310.61 million in 1H2023, a decrease of 10.2%[5] - Segmental turnover for payment and digital services in 1H2024 was HK$892.2 million, down from HK$1,023.5 million in 1H2023[11] - Fintech services segment turnover decreased by 62% to HK$43.9 million in 1H2024 compared to HK$115.7 million in 1H2023, primarily due to a decrease in loan volume[16] - Platform operation solutions segment turnover decreased by 5% to HK$57.1 million in 1H2024 compared to HK$59.9 million in 1H2023[17] - Financial solutions segment turnover increased by 5% to HK$99.8 million in 1H2024 compared to HK$94.9 million in 1H2023[22] - Other business operations segment turnover increased significantly to HK$83.9 million in 1H2024 from HK$16.7 million in 1H2023, contributing 7% to the Group's consolidated turnover[23] - Consolidated turnover decreased by 10% to HK$1,176.9 million in 1H2024 compared to 1H2023, mainly due to a decline in the payment and digital services segment[27] - Revenue for the six months ended 30 June 2024 was HK$1,176,888 thousand, a decrease from HK$1,310,613 thousand in the same period in 2023[155] Profit and Earnings - Operating profit for 1H2024 was HK$9.49 million, significantly lower than HK$69.74 million in 1H2023, a decline of 86.4%[7] - Profit for the period in 1H2024 was HK$23.42 million, compared to HK$357.01 million in 1H2023, a decrease of 93.4%[7] - Basic earnings per share for 1H2024 were HK$0.001, down from HK$0.115 in 1H2023[7] - Diluted earnings per share for 1H2024 were HK$(0.032), compared to HK$0.083 in 1H2023[7] - Profit for 1H2024 totaled HK$23.4 million, down from HK$357.0 million in 1H2023[10] - Segmental operating profit for payment and digital services in 1H2024 was HK$90.8 million, a 20% decrease compared to 1H2023[11] - Fintech services segment operating loss increased to HK$20.5 million in 1H2024 from a profit of HK$55.6 million in 1H2023, driven by lower turnover and higher credit impairment loss[16] - Platform operation solutions segment operating loss increased to HK$21.1 million in 1H2024 from HK$16.1 million in 1H2023, mainly due to a fair value loss of HK$2.2 million on financial assets[20] - Financial solutions segment operating loss decreased to HK$2.5 million in 1H2024 from HK$39.0 million in 1H2023, primarily due to reduced upfront costs[22] - Operating profit for the six months ended 30 June 2024 was HK$9,488 thousand, significantly lower than HK$69,735 thousand in the same period in 2023[155] - Profit for the period ended 30 June 2024 was HK$23,415 thousand, compared to HK$357,007 thousand in the same period in 2023[155] - Basic earnings per share for the six months ended 30 June 2024 were HK$0.001, down from HK$0.115 in the same period in 2023[156] - Diluted earnings per share for the six months ended 30 June 2024 were HK$(0.032), compared to HK$0.083 in the same period in 2023[156] - Profit for the period decreased significantly to HK$23,415 thousand in 2024 from HK$357,007 thousand in 2023, representing a decline of approximately 93.4%[159] - Total comprehensive loss for the period was HK$111,619 thousand in 2024, compared to a total comprehensive income of HK$26,515 thousand in 2023[159] - Profit for the period ending 30 June 2024 was HK$3,397 thousand, compared to HK$316,301 thousand in the same period in 2023[166][170] - Total comprehensive loss for the period ending 30 June 2024 was HK$(11,619) thousand, compared to a comprehensive income of HK$26,515 thousand in the same period in 2023[166][170] EBITDA and Operating Metrics - EBITDA for the payment and digital services segment decreased to HK$117.47 million in 1H2024 from HK$175.41 million in 1H2023, a decline of 33.0%[5] - EBITDA for 1H2024 was HK$117.5 million, a 33% decrease compared to HK$175.4 million in 1H2023[9] - Operating profit for 1H2024 was HK$90.8 million, a 20% decrease compared to HK$113.7 million in 1H2023[9] - Gross profit for the six months ended 30 June 2024 was HK$413,836 thousand, down from HK$476,332 thousand in the same period in 2023[155] Assets and Liabilities - Total assets as of 30 June 2024 were HK$12,147.8 million, compared to HK$13,031.7 million as of 31 December 2023[10] - Net current assets as of 30 June 2024 were HK$3,765.3 million, compared to HK$3,958.4 million as of 31 December 2023[10] - Total assets as of June 30, 2024, were HK$12,147.8 million, a decrease from HK$13,031.7 million as of December 31, 2023[85] - Net asset value per share decreased to HK$2.761 as of June 30, 2024, from HK$2.801 as of December 31, 2023[85] - Capital-to-debt ratio improved to 0.7% as of June 30, 2024, from 1.1% as of December 31, 2023, indicating a stable financial position[85] - Total non-current assets increased to HK$3,915,207 thousand in 2024 from HK$3,841,206 thousand in 2023[160] - Current assets decreased to HK$8,232,616 thousand in 2024 from HK$9,190,512 thousand in 2023[160] - Total liabilities decreased to HK$4,481,707 thousand in 2024 from HK$5,253,700 thousand in 2023[163] - Total equity decreased to HK$7,666,116 thousand in 2024 from HK$7,778,018 thousand in 2023[160] - Total equity as of 30 June 2024 was HK$7,666,116 thousand, a decrease from HK$7,778,018 thousand at the beginning of the year[166] - Retained earnings as of 30 June 2024 were HK$8,624,948 thousand, up from HK$8,621,551 thousand at the start of the year[166] - Non-controlling interests increased to HK$592,656 thousand as of 30 June 2024, up from HK$281,083 thousand at the beginning of the year[166] - Exchange reserve decreased to HK$(329,137) thousand as of 30 June 2024, down from HK$(208,778) thousand at the start of the year[166] - Share capital remained stable at HK$6,942 thousand as of 30 June 2024, consistent with the previous year[166][170] - Treasury shares decreased to HK$(9,971) thousand as of 30 June 2024, down from HK$(9,826) thousand at the start of the year[166] - Other reserves decreased to HK$(2,450,909) thousand as of 30 June 2024, down from HK$(2,450,541) thousand at the beginning of the year[166] - Contributed surplus remained unchanged at HK$168,434 thousand as of 30 June 2024[166] Cash Flow and Financial Activities - Net cash generated from operating activities for the six months ended 30 June 2024 was HK$235,155,000, compared to HK$594,342,000 in the same period in 2023[173] - Net cash used in investing activities for the six months ended 30 June 2024 was HK$150,403,000, compared to net cash generated of HK$83,530,000 in the same period in 2023[173] - Net cash used in financing activities for the six months ended 30 June 2024 was HK$43,863,000, compared to HK$936,886,000 in the same period in 2023[173] - Cash and cash equivalents at the end of the period were HK$3,466,985,000, compared to HK$3,177,587,000 at the end of the same period in 2023[174] - The company received HK$83,720,000 in dividends from an associated company, compared to HK$69,160,000 in the same period in 2023[173] - Interest received during the period was HK$77,460,000, compared to HK$32,217,000 in the same period in 2023[173] - The company recorded a decrease in bank deposits of HK$522,679,000 during the period, compared to no change in the same period in 2023[173] - The company disposed of financial assets at fair value through profit or loss for proceeds of HK$535,275,000, compared to no such disposals in the same period in 2023[173] - The company acquired financial assets at fair value through profit or loss for HK$309,935,000, compared to no such acquisitions in the same period in 2023[173] - The company's cash and cash equivalents included HK$20,418,000 classified as held for sale, compared to none in the same period in 2023[175] - The company reclassified a decrease in restricted bank balances of HKD 142,180,000 from investing activities to operating activities for the period ended June 30, 2023, due to a reassessment of the nature of these balances related to merchant settlement services[183] - The net cash generated from operating activities for the period ended June 30, 2023, was restated to HKD 594,342,000 from HKD 736,522,000, while the net cash used in investing activities was restated to a net cash inflow of HKD 83,530,000 from a net cash outflow of HKD 58,650,000[183] Investments and Financial Instruments - The Group holds 364 million ordinary shares of PAX Global, representing a 34.0% effective interest with a fair value of HK$2,133.0 million as of 30 June 2024[37] - PAX Global's unaudited net profit decreased in 1H2024 primarily due to a decline in revenue, attributed to reduced purchase orders in certain markets amid global economic uncertainty[38] - The Group holds approximately 45.73% of Megahunt's issued shares, with a recoverable amount lower than its carrying amount, resulting in a non-cash impairment loss of HK$140.9 million in 1H2024[42] - The company's financial assets measured at fair value as of June 30, 2024, included unlisted investment funds valued at HKD 78,221,000 (Level 3) and listed equity securities valued at HKD 709,000 (Level 1), totaling HKD 78,930,000[196] - As of December 31, 2023, the company's financial assets measured at fair value included unlisted investment funds valued at HKD 82,321,000 (Level 3), listed equity securities valued at HKD 834,000 (Level 1), and investments at fair value through profit or loss valued at HKD 226,051,000 (Level 2), totaling HKD 309,206,000[198] - No significant transfers of financial assets and financial liabilities between fair value hierarchy classifications during the six months ended 30 June 2024[199] - Fair value of financial instruments in Level 1 is based on quoted market prices at the balance sheet date, using the current bid price for financial assets held by the Group[200] Shareholder and Equity Information - Kui Man Chun holds a total of 653,733,636 shares, representing 23.54% of the company's issued shares[124] - Xu Wensheng holds 11,966,000 shares, representing 0.43% of the company's issued shares[124] - Li Wenjin holds 13,800,000 shares, representing 0.50% of the company's issued shares[124] - Xu Changjun holds 23,958,000 shares, representing 0.86% of the company's issued shares[124] - Hui Lok Yan holds 2,100,000 shares, representing 0.08% of the company's issued shares[124] - Rich Global Limited holds 617,083,636 shares, representing 22.22% of the company's issued shares[125] - Hi Sun Limited holds 617,083,636 shares, representing 22.22% of the company's issued shares[125] - Ever Union Capital Limited holds 334,314,000 shares, representing 12.04% of the company's issued shares[125] - Kopernik Global Investors, LLC holds 166,599,000 shares, representing 6.00% of the company's issued shares[125] - The company did not purchase, sell, or redeem any of its shares during the period[130] - No options were granted, vested, exercised, cancelled, or lapsed under the Share Option Scheme since its adoption, with 277,683,383 options available for grant as of 30 June 2024[141] - No awards were granted, vested, cancelled, or lapsed under the Share Award Scheme during the six months ended 30 June 2024, with 245,688,383 awards available for grant as of 30 June 2024[141] - The VBill (Cayman) Share Option Scheme has a term of 10 years until 12 June 2033, with 800 options available for grant as of 30 June 2024[143] - The VBill OPCO Share Option Scheme expired on 6 February 2024, with no options granted, vested, exercised, cancelled, or lapsed during the six months ended 30 June 2024[144] - The VBill OPCO Share Option Scheme terminated on 6 February 2024, with no further options available for issue[147][149] Business Operations and Strategic Initiatives - The decline in segmental turnover and operating profit was primarily due to the replacement of traditional payment markets by digital payments, which have lower handling fee rates[12] - The company is actively expanding its management service products, platforms, and cross-border business despite short-term pressures during the digital transformation period[12] - The company disposed of two indirect wholly-owned subsidiaries for approximately RMB41.6 million, ceasing its electronic power meters and solutions business[148][150] - The company maintained sufficient public float as required under the Listing Rules throughout the six months ended 30 June 2024[151][152] - The company entered into a 2021 Manufacturer Guarantee Agreement, increasing the guarantee amount to up to US$20 million (approximately HK$156 million)[98][100] - No liability was recognized for the 2021 Manufacturer Guarantee Agreement and the 2020 OEM Guarantee Agreement as of June 30, 2024[99][100] - The total number of employees as of 30 June 2024 was 2,667[102] - Digital payments grew by more than 50% year-on-year in the first half of 2024[109] - The transaction volume of the automotive assets digital service platform "Jiexingchejia" reached RMB 2.6 billion in the first half of 2024[110] - The number of registered enterprises on the Suixin Cloud Chain Platform reached approximately 5,000, with nearly 1,000 new enterprises joining in the first half of 2024, representing a year-on-year increase of 136%[113] - The foreign card business has expanded to 20 provinces, municipalities, and autonomous regions, including Beijing, Jiangsu, Guangdong, Hunan, and Hubei[112] - The company has qualified as a member of and directly connected with three leading international payment card services organizations: VISA, Mastercard, and American Express[112] - The company's digital management product "Diansansan" has been deployed to dozens of sizable chain convenience stores and supermarkets, improving operational efficiency and sales capacity[110] - The company continues to explore opportunities in new regions, new businesses, and new platforms for its cross-border business[112] - The company has optimized the differentiated structure of industry customers and raised the proportion of high-margin business types and scales[112] - The company has gained access to payment collection channels from South America, Brazil, and Southeast Asia, enhancing its differentiated pipeline service capabilities[112] - Suixin Cloud Chain Platform registered nearly 5,000 enterprises, with nearly 1,000 new additions in the first half of 2024, a year-on