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，並明確表示概不就因本公佈全部或任何 部份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。 CHINA FINANCE INVESTMENT HOLDINGS LIMITED 中 國 金 控 投 資 集 團 有 限 公 司 （於百慕達註冊成立之有限公司） （股份代號：875） 截至二零二三年六月三十日止六個月之中期業績公佈 中國金控投資集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本 公司及其附屬公司（統稱「本集團」）截至二零二三年六月三十日止六個月（「報告 期間」）之未經審核綜合業績連同截至二零二二年六月三十日止六個月（「同期」） 之未經審核比較數字及節選之解釋附註如下： 財務摘要 本集團於報告期間的財務摘要如下： － 本集團於報告期間錄得收益約1,079,200,000港元，較同期約329,300,000港元 （經重列）增加約749,900,000港元或227.7%。 ...

Revenue and Profitability - The Group recorded a revenue of approximately HK$999.4 million for the year ended 31 December 2022, representing an increase of approximately 91.2% from HK$522.6 million for the year ended 31 December 2021[14]. - The gross profit for the Group was approximately HK$47.8 million, compared to HK$37.9 million for the corresponding period, indicating a positive trend in profitability[14]. - Revenue from the Agricultural and Meat Business segment increased by approximately 91.2%, from approximately HK$522.6 million to approximately HK$999.4 million during the Reporting Period[33]. - The Agricultural and Meat Business segment recorded a gross profit of approximately HK$47.8 million, up from HK$37.9 million in the previous year[33]. - Profit attributable to owners of the company was HK$41,037,000 in 2022, compared to HK$35,711,000 in 2021, showing a growth of 7.4%[70]. - The profit and total comprehensive income for the year ended December 31, 2022, was HK$23,501,000, compared to HK$47,191,000 in 2021, reflecting a decline of approximately 50%[114]. Business Operations and Strategy - The increase in revenue was primarily driven by the Agricultural and Meat Business, which expanded its customer base by supplying produce to supermarkets and initiating online sales in the PRC[14]. - The Group entered into a service agreement with Meituan Select in January 2022, allowing the sale of agricultural and meat products through a platform covering over 90% of cities and counties in the PRC[15]. - The Group's strategy includes entering into various procurement agreements to broaden its sales channels and enhance revenue streams[16]. - The Group aims to maximize value for shareholders by reallocating resources and focusing on its core Agricultural and Meat Business[5]. - The Group is exploring potential acquisitions to increase shareholder value and expand its business operations[21]. - The Group's focus on the Agricultural and Meat Business aligns with China's post-pandemic economic recovery[33]. Financial Performance and Challenges - Loss before taxation for 2022 was HK$53,266,000, compared to a loss of HK$5,839,000 in 2021, indicating increased financial challenges[69]. - The Group's net loss of the Group's continuing operations for the Reporting Period was approximately HK$60.1 million, compared to a net loss of approximately HK$5.8 million for the Corresponding Period[165]. - The Group confirmed that the Securities Brokerage Business generated revenue of approximately HK$11 million during the reporting period, compared to a loss of HK$4.4 million in the previous year[7]. - The Group has ceased its Money Lending Business following the disposal of Golden Rich Finance Limited and the Target Company[53]. - The Group's decision to sell the Securities Brokerage Business in 2017 was based on the lack of potential for material improvement in performance under the existing operational scale[54]. Assets and Liabilities - Current assets decreased to HK$972,980,000 in 2022 from HK$1,234,427,000 in 2021, indicating a reduction in liquidity[72]. - Non-current assets decreased to HK$160,765,000 in 2022 from HK$86,099,000 in 2021, primarily due to a reduction in property, plant, and equipment[72]. - The Group's total borrowings amounted to approximately HK$266.5 million, a decrease of 14.2% from HK$310.9 million in 2021[174]. - The Group's cash and bank balances were approximately HK$9.3 million, down from HK$142.8 million in 2021, including trust accounts of approximately HK$132.7 million[173]. - The Group's lease liabilities decreased significantly from HK$30.7 million in 2021 to HK$7.9 million in 2022, a reduction of approximately 74.2%[107]. Risk Management - The Group's overall risk management program focuses on minimizing potential adverse effects on financial performance due to various financial risks[94]. - The Group's activities expose it to credit risk, interest rate risk, liquidity risk, and foreign exchange risk[98]. - The Group does not currently have a foreign currency hedging policy but will monitor foreign currency exposure closely[95]. Compliance and Governance - The company maintained compliance with regulatory requirements, with no material non-compliance reported during the reporting period[115]. - The board of directors confirmed compliance with the required standards set out in the Model Code during the reporting period[117]. - The company plans to continue focusing on employee development and providing career opportunities[120]. Discontinued Operations - The Group classified its money lending and securities brokerage operations as discontinued operations during the year, impacting overall financial performance[137]. - The Group disposed of its entire equity interests in the Securities Brokerage Business for a total consideration of HK$1.9 million after determining that there was no clear potential for material improvement in performance[101].

Financial Performance - The Group recorded a revenue of approximately HK$999.4 million, representing an increase of approximately 91.2% from approximately HK$522.6 million for the year ended 31 December 2021[6]. - The gross profit for the Group was approximately HK$47.8 million, compared to approximately HK$37.9 million for the corresponding period[6]. - The increase in revenue was primarily due to the growth in the Agricultural and Meat Business, which expanded its customer base by supplying products to supermarkets and initiating online sales in the PRC[6]. - During the Reporting Period, revenue from the Agricultural and Meat Business segment increased by approximately 91.2%, from approximately HK$522.6 million to approximately HK$999.4 million[27]. - The Agricultural and Meat Business segment recorded a gross profit of approximately HK$47.8 million, compared to HK$37.9 million in the previous year[27]. - The Group's net profit for continuing and discontinued operations during the Reporting Period was HK$40.1 million, compared to HK$30.6 million in 2021[54]. Business Strategy and Development - The business strategy focuses on exploring potential business and investment opportunities to increase share value[15]. - The Group aims to strengthen its revenue stream by diversifying its product offerings, including agricultural, meat, poultry, and seafood products[6]. - The Group is seeking suitable investment opportunities to diversify its business and income streams, focusing on growth potential[69]. - To expand its Agricultural and Meat Business, the Group started consolidating agricultural products from various farms and entered into long-term cooperation agreements with agricultural companies in other provinces in China[70]. - The Group is exploring vertical integration opportunities, including door-to-door delivery services for its agricultural, seafood, and meat products in China[71]. - The Group is considering other potential profitable businesses to boost future profitability, particularly in the Agricultural and Meat Business in China and Hong Kong[72]. Partnerships and Agreements - The Group entered into a service agreement with Meituan Select in January 2022 to broaden sales channels, allowing the sale of agricultural and meat products through Meituan's platform[15]. - Meituan Select now covers more than 90% of cities and counties in the PRC, enhancing the Group's market reach[15]. - The Group entered into a procurement agreement with the Government Offices Administration of Conghua District, Guangzhou City, Guangdong Province, for the purchase of grain and oil products, agricultural and sideline products, and other supplies[22]. - The Group has entered into a procurement agreement with Jiajia (Beijing) Digital Technology Company Limited for the purchase of various food products, with a term of three years[19]. - The Group has entered into a procurement agreement with ten buyers for the sale of agricultural, seafood, and meat products on the Meituan Grocery platform[25]. Financial Position and Management - As of the end of the Reporting Period, the Group had bank balances and cash of approximately HK$9.3 million, a decrease from HK$142.8 million in 2021[52]. - The total borrowings of the Group amounted to approximately HK$266.5 million, down from HK$310.9 million in 2021[55]. - The Group's quick ratio was approximately 1.04 times, compared to 1.2 times in 2021[52]. - The Group's overall strategy remains unchanged compared to the previous year, focusing on improving debt and equity ratios to enhance shareholder returns[60]. - The Group's management is prepared to obtain financing on favorable terms if additional funding opportunities arise[56]. - The Group has no equity fund raising activity during the Reporting Period[58]. Risk Management and Governance - The Company has established risk management procedures to address significant risks associated with its business and conducts annual reviews of any significant changes in the business environment[108]. - The Audit Committee has reviewed the internal control and risk management systems and found them effective and adequate for the Reporting Period[100]. - The Company has adopted an anti-corruption policy and established whistleblowing procedures to encourage employees to report improprieties[93]. - The internal control systems are designed to provide reasonable assurance against material misstatement or loss, rather than absolute assurance[106]. - The Board is responsible for maintaining an effective internal control system to safeguard shareholder investments and Company assets[106]. Corporate Governance - The Group's corporate governance practices comply with the Corporate Governance Code, with periodic reviews to ensure ongoing compliance[92]. - The Company has arranged appropriate Directors and officers' liabilities insurance coverage for potential legal actions against Directors and officers[122]. - The Company has provided sufficient resources to the Audit Committee to perform its duties effectively[161]. - The Nomination Committee consists of four members, including one executive director and three independent non-executive directors, ensuring compliance with the Corporate Governance Code[198]. - The Board has implemented a diversity policy aimed at enhancing performance quality and achieving sustainable development through increased diversity in gender, age, cultural background, and professional experience[199]. Employee and Board Diversity - As of December 31, 2022, the board includes three female directors, demonstrating a commitment to gender diversity[151]. - The company has 37 female employees and 23 male employees, continuing to promote gender diversity and equality in the workforce[156]. - The company emphasizes the importance of a diverse Board in achieving its strategic goals and sustainable development[199]. - All Board appointments are based on meritocracy, considering objective criteria while recognizing the benefits of diversity[199].

Loan Portfolio - As of December 31, 2021, the group had 60 loans with principal amounts ranging from HKD 0.1 million to HKD 6.1 million, with an interest rate of 12%[8] - The loan portfolio includes 26 loans exceeding HKD 5.0 million, 8 loans between HKD 4.0 million and HKD 5.0 million, and 13 loans between HKD 3.0 million and HKD 4.0 million[8] Borrower Composition - The top five borrowers accounted for 12.32% of the total principal amount of the group's loan portfolio and 9.69% of the group's receivables, including accrued interest[8] - The group had 54 borrowers, consisting of 7 corporate borrowers and 47 individual borrowers, with a focus on technology-related industries such as AI and software development[6] Credit Risk Management - The group is implementing strict credit risk management procedures, including document collection, due diligence, and collective assessment and approval processes[3] - The group aims to reduce credit risk by narrowing its target customer base to borrowers with better risk profiles and providing professional training to its lending staff[5] - The group is focused on enhancing its credit risk assessment by reviewing borrowers' historical risk profiles and future prospects[5] - The group has established a continuous monitoring system for loan collections, including reminders and potential legal actions if necessary[4] Governance - The board of directors consists of five members, including one executive director and three independent non-executive directors, ensuring governance and oversight[9] - The company is committed to maintaining a diverse customer base to mitigate concentration risk in its lending operations[6]

Financial Performance - The Group's revenue for the Reporting Period was approximately HK$347.9 million, an increase of approximately HK$66.4 million or 23.6% from HK$281.5 million for the Corresponding Period[39]. - Gross profit during the Reporting Period was approximately HK$30.4 million, representing an increase of approximately HK$3.0 million or 10.9% from approximately HK$27.4 million for the Corresponding Period[39]. - The net profit for the Reporting Period was approximately HK$13.2 million, compared to approximately HK$8.8 million for the Corresponding Period[43]. - Other gains amounted to approximately HK$15.4 million, an increase of approximately HK$13.2 million or 600% from approximately HK$2.2 million for the Corresponding Period[39]. - The Group's profit attributable to the owners for the Reporting Period was approximately HK$13,475,000, an increase from HK$11,109,000 in the corresponding period, representing a growth of approximately 21.4%[150]. Agricultural and Meat Business - The Group's Agricultural and Meat Business segment turnover increased by approximately 24.5%, from approximately HK$264.4 million in the corresponding period to approximately HK$329.3 million[7]. - The gross profit from the Agricultural and Meat Business was approximately HK$12.7 million, compared to HK$11.5 million for the corresponding period[9]. - The Group is actively developing its trading of agricultural and meat produce, poultry, seafood, and prepared food, and has commenced supplying produce to supermarkets and online platforms in the PRC[78]. - The Group's strategic focus includes enhancing revenue streams and expanding market presence in the agricultural sector[7]. - The Group entered into long-term cooperation agreements with agricultural companies in other provinces in the PRC to broaden its agricultural bases and sourcing[83]. Money Lending Business - The average interest rate charged on loans in the Money Lending Business increased to 12.1% during the Reporting Period, compared to 12.0% in the previous period[22]. - Loan interest income and gross profit from the Money Lending Business amounted to approximately HK$12.9 million, reflecting an increase due to a slight rise in business volume[24]. - The Group does not foresee a material improvement in the performance of the Money Lending Business due to the uncertain economic environment[25]. - The Group plans to focus more on Agricultural and Meat Business, having disposed of 8.9% equity interest in Taihengfeng, a subsidiary engaged in Money Lending Business[26]. - The Group's total profit from the Money Lending Business was significantly impacted by impairment losses on loan receivables amounting to HK$672,000[113]. Securities Brokerage Business - During the reporting period, the Securities Brokerage Business generated revenue of approximately HK$5.7 million, an increase from HK$5.5 million in the same period last year[35]. - The net profit for the Securities Brokerage Business was approximately HK$0.2 million, compared to a net loss of HK$2.9 million in the previous year[35]. - The Securities Brokerage Business reported revenue of HK$5,653,000 for the six months ended June 30, 2022, compared to HK$5,493,000 in the same period of 2021, reflecting a growth of approximately 2.9%[115]. Financial Position and Cash Flow - As of June 30, 2022, the Group's bank balances and cash amounted to approximately HK$80.1 million, a decrease from HK$220.6 million as of December 31, 2021[45]. - The Group's total borrowings increased to approximately HK$433.8 million as of June 30, 2022, compared to HK$310.9 million as of December 31, 2021[45]. - The net debt to adjusted equity ratio was 0.45 as of June 30, 2022, up from 0.17 as of December 31, 2021[50]. - The gearing ratio increased to 1.02 as of June 30, 2022, from 0.71 as of December 31, 2021, primarily due to an increase in bank loans[50]. - The company reported a total comprehensive income of HK$14,776,000 for the period, reflecting a recovery from previous losses[93]. Operational Developments - The Group has been conducting research and development on medicinal value crops, specifically Kimura et Migo, since Q2 2018, but will cease cultivation due to unattractive economic returns[7]. - The Group has established strict credit risk management procedures, including document collection, due diligence, and ongoing monitoring of loans[70]. - The Group is closely monitoring foreign exchange exposure due to fluctuations in RMB and its potential impact on performance[61]. - The Group is considering other potential profitable businesses to boost profitability in the future, including the Agricultural and Meat Business in the PRC and Hong Kong[84]. - The Group's management regularly reviews accounts receivable to ensure that listed stocks held on behalf of clients can offset their debts, thereby reducing credit risk[186]. Employee and Staff Costs - As of June 30, 2022, the Group had total staff costs of HK$6.9 million, a decrease from HK$12.4 million in the corresponding period[73]. - The Group had a total of 67 full-time employees as of June 30, 2022, down from 69 as of December 31, 2021[73]. - Staff costs decreased to HK$6,920,000 from HK$12,367,000, a reduction of 44.5%[140]. Impairment and Receivables - The Group confirmed a net impairment loss of approximately HK$700,000 on loans during the reporting period, compared to a reversal of net impairment of HK$16.6 million in the previous year[28]. - The accumulated impairment for trade receivables was HK$19,812 as of June 30, 2022, up from HK$17,057 at the end of 2021[179]. - Impairment losses recognized for trade receivables were HK$2,846,000 for the period ending June 30, 2022, compared to no losses recognized in the previous period[186]. - The impairment of other receivables decreased from HK$28,250,000 at the beginning of the year to HK$2,000,000 by June 30, 2022, reflecting a significant recovery[189]. Future Outlook - The Group plans to gradually transfer resources and focus from its Money Lending Business to the Agricultural and Meat Business[84]. - The Group aims to diversify its income streams to counterbalance the cyclical nature of its Agricultural and Meat Business[78]. - The Group will seek suitable investment opportunities to develop its existing business portfolio and engage in new lines of business with growth potential[77].

Financial Performance - The Group recorded a turnover of approximately HK$562.3 million, an increase of approximately 71.1% from HK$328.7 million in the previous year[10]. - Gross profit for the Group was approximately HK$75.6 million, compared to HK$45.1 million in the previous year[10]. - During the Reporting Period, the Group's turnover was approximately HK$562.3 million, representing an increase of approximately 71.1% from HK$328.7 million in the Corresponding Period[50]. - Gross profit increased to approximately HK$75.6 million, up by approximately 67.6% from about HK$45.1 million in the Corresponding Period[50]. - The net profit for the Group was approximately HK$30.6 million, a turnaround from a net loss of approximately HK$68.1 million in the corresponding period[62]. Revenue Sources - Revenue growth was driven by increased sales in the agricultural and meat business and the securities brokerage business[10]. - The Agricultural and Meat Business segment recorded a turnover increase of approximately 73.0%, rising from approximately HK$302.0 million to approximately HK$522.6 million during the Reporting Period[28]. - Securities Brokerage Business revenue increased to approximately HK$15.6 million from HK$6.1 million in the previous year, while loss before taxation was approximately HK$4.4 million[42]. - Money Lending Business generated loan interest income and gross profit of approximately HK$24.0 million, an increase from HK$20.6 million in the previous year[50]. Business Agreements and Expansion - The Group entered into a service agreement with Meituan Select, which covers over 90% of cities and counties in the PRC, to sell agricultural and meat products[11]. - A procurement agreement was established with the Government Offices Administration of Conghua District, Guangzhou City, for the supply of grain, oil, and agricultural products starting in Q1 2022[12]. - The Group entered into a Procurement Agreement with ten buyers to supply agricultural, seafood, and meat products starting from Q2 2022, which will be sold on the Meituan Grocery platform[17]. - The Group has leased approximately 67 hectares of farmland in Shanwei, Guangdong Province, to expand its agricultural and meat business[19]. - The Group acquired 100% interest in Shenzhen Cypress Jade Cross-border E-commerce Co. Ltd to enhance online sales of its agricultural, seafood, and meat products[112]. Financial Management - The average interest rate charged to borrowers in the Money Lending Business was 11.96% during the Reporting Period, up from 11.3% in the previous year[35]. - Outstanding loan principal and interest receivables amounted to approximately HK$333.3 million, compared to HK$272.6 million in the previous year[50]. - Total borrowings amounted to approximately HK$310.9 million, an increase from HK$272.0 million in the previous year, with approximately HK$169.6 million secured by bank deposits[71]. - The Group's bank balances and cash at the end of the reporting period were approximately HK$142.8 million, compared to HK$64.6 million in the previous year[70]. Cost Management - Selling and distribution expenses increased by approximately HK$9.7 million or 350.8% to approximately HK$12.5 million, primarily due to increased staff salaries and distribution costs related to supplying food products to supermarkets in China[58]. - Administrative expenses rose by approximately HK$12.1 million or 34.3% to approximately HK$47.2 million, mainly due to increased professional fees in the Securities Brokerage Business[59]. - Total staff costs for the Reporting Period amounted to HK$23.2 million, a significant decrease from HK$50.8 million in 2020, reflecting cost management efforts[97]. Corporate Governance - The Company emphasizes good corporate governance standards focusing on integrity, transparency, and independence[132]. - The Company has complied with the Code Provisions and mandatory disclosure requirements of the old Corporate Governance Code during the Reporting Period[133]. - The Company has adopted a code of conduct for Directors' securities transactions that meets the standards of the Model Code[135]. - The Company periodically reviews its corporate governance practices to ensure compliance with the CG Code[134]. - The Board is responsible for maintaining an effective internal control system to safeguard shareholders' investments and the Company's assets[142]. Risk Management - The Audit Committee reviews the risk management and internal control systems on an ongoing basis to ensure their adequacy and effectiveness[144]. - The Group has established risk management procedures to address significant risks associated with its business, with annual reviews conducted by the Board[146]. - The internal control systems are designed to provide reasonable assurance against material misstatements in financial statements[151]. Strategic Development - The Group plans to pursue diversification of its business and income streams by exploring new investment opportunities with growth potential[20]. - The Group is actively developing its seafood and meat trading business and began supplying food products to supermarkets in the PRC during the Reporting Period[104]. - The Group is exploring vertical integration opportunities, including door-to-door delivery services for its products in the PRC[113]. - The Group is considering other potential profitable businesses to boost profitability in the future, including financial and agricultural segments in the PRC and Hong Kong[115]. Management Changes - Mr. Lin was appointed as the CEO of the Company on October 15, 2021, after being re-designated from a non-executive Director[117]. - Ms. Han was appointed as the financial controller of the Group and a non-executive Director on October 15, 2021[120].

Financial Performance - The Group's revenue for the Reporting Period was approximately HK$281.5 million, an increase of approximately HK$198.5 million or 239.2% from approximately HK$83.0 million for the Corresponding Period[40]. - Gross profit during the Reporting Period was approximately HK$27.4 million, representing an increase of approximately HK$13.3 million or 94.3%, with a gross profit margin of 9.7% compared to 16.9% for the Corresponding Period[40]. - The net profit for the Reporting Period was approximately HK$8.8 million, compared to a net loss of approximately HK$2.3 million for the Corresponding Period, attributed to increased revenue and the reversal of impairment loss on loan receivables[40]. - The total comprehensive income attributable to owners of the company for the period was HK$17,072,000, compared to a loss of HK$10,071,000 in the previous year[94]. - The Group's profit attributable to the owners of the Company for the Reporting Period was approximately HK$11,109,000, compared to a loss of HK$2,302,000 in the Corresponding Period[158]. Business Segments - The Agricultural and Meat Business segment's turnover increased by approximately 267.7%, from approximately HK$71.9 million in the Corresponding Period to approximately HK$264.4 million during the Reporting Period[9]. - The gross profit for the Agricultural and Meat Business segment rose to approximately HK$11.5 million, compared to HK$3.7 million in the Corresponding Period[9]. - The Group's Money Lending Business and Securities Brokerage Business also contributed to overall performance, although specific figures were not detailed in the report[8]. - The Securities Brokerage Business generated revenue of approximately HK$5.5 million, a significant increase from HK$0.8 million in the previous year[33]. - The Agricultural and Meat Business reported revenue of HK$264,393,000, while the Money Lending Business and Securities Brokerage Business reported revenues of HK$11,600,000 and HK$5,493,000 respectively[116]. Cost and Expenses - Selling and distribution expenses increased by approximately HK$5.6 million or 560% to approximately HK$6.6 million due to increased staff salaries and distribution costs related to supplying food produce to supermarkets in the PRC[40]. - Administrative expenses rose by approximately HK$6.9 million or 38.5% to approximately HK$24.8 million, primarily due to increased staff salaries and compliance fees for the Securities Brokerage Business[40]. - Total staff costs for the Reporting Period amounted to HK$12.4 million, an increase from HK$8.4 million in the corresponding period[79]. - The cost of inventories recognized as an expense was HK$245,921,000, up from HK$68,220,000, indicating a growth of 261%[148]. Assets and Liabilities - As of June 30, 2021, the Group had bank balances and cash of approximately HK$100.6 million, an increase from HK$64.6 million as of 31 December 2020, mainly due to an increase in clients' money for the Securities Brokerage Business[43]. - Total borrowings as of June 30, 2021 amounted to approximately HK$255.8 million, a decrease from HK$272.0 million as of 31 December 2020, with borrowings of approximately HK$239.6 million repayable within one year[44]. - The Group's total liabilities as of June 30, 2021, were HK$765,900, reflecting a comprehensive view of its financial obligations[126]. - Current liabilities increased to HK$711,731,000, compared to HK$485,542,000 at the end of 2020, reflecting a rise of 46.5%[96]. - The Group's total trade and other receivables reached HK$563,565,000 as of June 30, 2021, compared to HK$353,740,000 as of December 31, 2020[197]. Investments and Acquisitions - The acquisition of Shenzhen Cypress Jade Cross-border E-commerce Co. Ltd is expected to diversify the company's revenue streams by enhancing online sales of agricultural and meat products[83]. - The company aims to diversify its revenue streams through strategic acquisitions in the e-commerce sector, particularly in Shenzhen, China[186]. - The acquisition strategy is part of the company's broader market expansion efforts in the online sales and agricultural trading sectors[185]. - The company acquired 55% of Tuoke E-commerce on December 2, 2020, for a nominal cash consideration of approximately HK$1, enhancing its market share in agricultural trading in Shenzhen[184]. Research and Development - The Group is conducting research and development on the cultivation of Kimura et Migo, which requires approximately three to five years to reach maturity before harvesting[10]. - The Group aims to evaluate cultivation costs and market demand for new products before making further investment decisions[10]. - The cultivation of Kimura et Migo is still in the experimental stage, with no plans for mass cultivation until growth patterns and economic viability are fully understood[10]. Economic Environment - The overall economic recovery in China post-pandemic has positively influenced the Group's Agricultural and Meat Business[9]. - The performance of the Money Lending Business segment is projected to worsen due to the uncertain economic environment and policy in the PRC[27][29]. Financial Management - The Group will continue to adopt a positive yet prudent approach in managing its financial resources and is well-positioned to obtain financing on favorable terms if needed[46]. - The Group regularly reviews its capital structure, monitoring the net debt to adjusted equity ratio[52]. - The Group's strategy to optimize its debt and equity balance remains unchanged from the prior year[51]. Regulatory and Compliance - The Group has adopted all new and revised HKFRSs effective from January 1, 2021, which did not have a material effect on the financial statements[112]. - The Group did not provide for Hong Kong profits tax as there were no assessable profits during the reporting period[151]. - The applicable tax rate for the Group's Hong Kong subsidiaries remained at 16.5% during the reporting period[149].

China Finance Investment Holdings Limited 中國金控投資集團有限公司 (Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） (Stock Code 股份代號 : 875) ANNUAL REPORT 年 報 2020 CONTENTS 目錄 | --- | --- | --- | |-------------------------------------------------------------------------|--------------------------|-------| | CORPORATE INFORMATION | 公司資料 | 2 | | CHAIRMAN'S STATEMENT | 主席報告書 | 4 | | MANAGEMENT DISCUSSION AND ANALYSIS | 管理層之論述及分析 | 6 | | DIRECTORS AND SENIOR MANAGEMENT | 董事及高級管理人員 | 18 | | CORPORATE GOVERNAN ...

ai16003092687_CFIH IR2020 Cover 6mm output.pdf 1 17/9/2020 上午10:21 China Finance Investment Holdings Limited 中國金控投資集團有限公司 China Finance Investment Holdings Limited (Incorporated in Bermuda with limited liability) (Stock Code : 875) INTERIM REPORT 2020 中期報告 中國金控投資集團有限公司 （於百慕達註冊成立之有限公司） （股份代號 : 875） 中 期 報 告 INTERIM REPORT 2020 2020 目錄 2 公司資料 3 管理層之論述及分析 13 簡明綜合損益及其他全面收益表 14 簡明綜合財務狀況表 16 簡明綜合權益變動表 17 簡明綜合現金流量表 18 未經審核簡明綜合中期財務資料附註 48 其他資料 公司資料 | --- | --- | |----------------------------------------------------- ...

中國金控投資集團有限公司 （於百慕達註冊成立之有限公司） （股份代號 : 875） 年報 2019 目錄 公司資料 主席報告書 管理層之論連及分析 童事及高級管理人員 14 企業管治報告書 16 環境·社會及管治報告書 29 董事會報告書 39 獨立核數師報告 47 經審核財務報表 綜合損益及其他全面收益表 53 綜合財務狀況表 22 綜合權益變動表 57 綜合現金流量表 58 綜合財務報表附註 60 五年概要 152 2 3 4 公司 資料 董事會 執行董事 刁虹女士(於二零一九年六月十四日退任) 刁敬女士 林裕帕先生(於二零一九年四月十八日獲委任) 非執行董事 林裕豪先生(主席) 獨立非執行董事 李邵華先生 朱桑香女士 李楊女士 審核委員會 李楊女士(委員會主席) 李邵華先生 朱桑香女士 薪酬委員會 朱柔香女士(委員會主席) 刁敬女士 李邵華先生 李楊女士 提名委員會 朱柔香女士(委員會主席) 刁虹女士(於二零一九年六月十四日退任) 林裕豪先生 李邵華先生 李楊女士 授權代表 刁敬女士 林裕豪先生 公司秘書 歐陽銘賢先生(於二零一九年五月十日獲委任) 楊敏華女士(於二零一九年五月十日辭任) 註冊辦事處 V ...