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 ...

中国会控 CFIH 中國金控投資集團有限公司 (於百基建註冊成立之有限公司) (股份代號 : 875) 盘 目錄 | --- | --- | |-------|----------------------------------| | | | | 2 | 公司資料 | | 3 | 管理層之論述及分析 | | 16 | 簡明綜合損益及其他全面收益表 | | 18 | 簡明綜合財務狀況表 | | 20 | 簡明綜合權益變動表 | | 21 | 簡明綜合現金流量表 | | 22 | 未經審核簡明綜合中期財務資料附註 | | 62 | 其他資料 | 公司資料 | --- | --- | |-------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------ ...

中國金控投資集團有限公司 China Finance Investment Holdings Limited China Finance Investment Holdings Limited (Incorporated in Bermuda with limited liability) (Stock Code : 875) Annual Report 2018 Annual Report 年報 2018 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 2018 ATHE 目錄 目錄 公司資料 2 主席報告書 3 管理層之論述及分析 4 董事及高級管理人員 13 企業管治報告書 15 環境、社會及管治報告書 27 董事會報告書 34 獨立核數師報告 42 經審核財務報表 綜合損益及其他全面收益表 49 綜合財務狀況表 51 綜合權益變動表 53 綜合現金流量表 54 綜合財務報表附註 56 五年概要 144 本年報以環保紙印刷。 公司資料 公司資料 | --- | --- | |-------------------------------------------- ...