Financial Performance - The company reported a loss attributable to shareholders of approximately HKD 471.6 million for the year, compared to a loss of approximately HKD 14.12 million in the previous year, primarily due to a fair value loss of financial assets amounting to HKD 622.64 million[13]. - The company's net asset value decreased to approximately HKD 1.36024 billion, down from approximately HKD 1.83184 billion in the previous year[13]. - The company recorded a loss per share of approximately HKD 0.1625, compared to a loss per share of approximately HKD 0.0049 in the previous year[13]. - The financing income for the year was approximately HKD 157,000, down from approximately HKD 270,000 in the previous year[13]. - The company reported a financing expense of approximately HKD 1.77 million, down from approximately HKD 7.06 million in the previous year[13]. - The company's available reserves for distribution to equity holders amounted to HKD 1,157,244,819 as of December 31, 2022, down from HKD 1,544,696,445 in the previous year, representing a decrease of approximately 25%[80]. - No dividends were recommended for the current fiscal year, consistent with the previous year[70]. Investment Strategy - The company plans to continue seeking investment opportunities in the logistics sector, leveraging national strategies such as the "Belt and Road Initiative" and the Guangdong-Hong Kong-Macao Greater Bay Area[8]. - The company is committed to exploring potential investment opportunities in information technology, advanced manufacturing, new energy, and energy-saving and environmental protection sectors[8]. - The company aims to enhance operational capabilities and strengthen risk management to seek optimal returns for shareholders[9]. - The company anticipates that investments in the logistics industry will continue to create optimal returns for shareholders in the post-pandemic period[8]. - The company plans to diversify investments across various sectors, including logistics, information technology, advanced manufacturing, healthcare, and renewable energy[47]. - The company has established investment layouts in logistics infrastructure, supply chain services, advanced manufacturing, and new energy sectors, aiming to create investment returns for shareholders[26]. Financial Management - The group maintained a prudent financial management strategy to minimize financial risks and seek investment opportunities[14]. - As of December 31, 2022, the group had no borrowings, compared to HKD 390 million on December 31, 2021, resulting in a debt-to-equity ratio of approximately 0%[17]. - The group's cash and cash equivalents amounted to approximately HKD 31.53 million as of December 31, 2022, an increase from HKD 26.524 million on December 31, 2021[17]. - The total liabilities to total assets ratio was approximately 0% as of December 31, 2022, compared to 18% in 2021[44]. - The company has no significant foreign exchange risk due to its cash being primarily denominated in USD and HKD[45]. Corporate Governance - The board consists of four directors, including one non-executive director and three independent non-executive directors, ensuring a balance of expertise and experience[135]. - The company has adopted a diversity policy for board members since August 2013, focusing on various diversity aspects such as gender, age, and professional experience[136]. - The board is committed to continuously reviewing and improving corporate governance practices to ensure proper regulation of business activities and decision-making processes[133]. - The company has confirmed compliance with the standards set out in the securities trading code for all directors during the year[134]. - The board has reviewed the company's governance policies and practices, ensuring adherence to legal and regulatory requirements[138]. - The company has received annual confirmation from each independent non-executive director regarding their independence status[139]. Risk Management - The company has established a risk management framework that prioritizes strategic, operational, financial reporting, environmental, social, governance, and compliance risks[173]. - The internal control model is based on the COSO framework, which includes five key components: control environment, risk assessment, control activities, information and communication, and monitoring[175]. - The company regularly reviews major business risk control measures to mitigate risks and improve internal control systems[174]. - The audit committee reviews the need for establishing an internal audit function annually to enhance the effectiveness of risk management and internal control processes, deeming the current systems sufficient and effective[178]. ESG and Sustainability - The company emphasizes its commitment to environmental sustainability, implementing measures such as waste paper recycling and energy conservation[65]. - The company aims to enhance its ESG performance through responsible investment, legal compliance, and community care, aligning with its business strategy to create optimal returns for stakeholders[184]. - The report period for the ESG report spans from January 1, 2022, to December 31, 2022, providing insights into the company's sustainable development efforts[186]. - The board is responsible for overseeing ESG matters and approving the report to ensure its accuracy and completeness[190]. - A comprehensive assessment of ESG issues was conducted to align with stakeholder expectations and market trends[196]. Shareholder Engagement - The company emphasizes high transparency in communication with shareholders and investors through various platforms, including annual general meetings and reports[164]. - The company conducts annual shareholder meetings to engage with stakeholders and understand their concerns[193]. - The company held its annual general meeting on June 22, 2022, where shareholders approved several resolutions, including the re-election of directors[168]. - All directors attended the annual general meeting with a 100% attendance rate, indicating strong governance practices[169].

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，概不就因本公告全部或任何部分內容而產生或因依賴該等內 容而引致之任何損失承擔任何責任。 CHINA DEVELOPMENT BANK INTERNATIONAL INVESTMENT LIMITED 國 開 國 際 投 資 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1062） 截至二零二二年十二月三十一日止年度之全年業績公告 國開國際投資有限公司（「本公司」）董事會（「董事」或「董事會」）公佈截至二零二二年十二月三十一日止 年度（「本年度」）本公司及其附屬公司（統稱「本集團」）之綜合業績，連同上年度之比較數字如下：－ 綜合損益及其他全面收益表 截至十二月三十一日止年度 附註 二零二二年 二零二一年 港幣 港幣 按公平值計入損益之金融資產之公平值估值（虧損）╱收益 淨額 (622,636,931) 338,269 出售按公平值計入損益之金融資產已變現收益 – 6,093,771 一般及行政支出 4 (16,950,929) (18,037,705) 其他收益淨額 2,35 ...

Financial Performance - The company reported a loss of approximately HKD 353.13 million for the six months ended June 30, 2022, compared to a loss of approximately HKD 128.15 million for the same period in 2021[26]. - The net loss from fair value changes of financial assets amounted to approximately HKD 499.90 million, significantly higher than the net loss of approximately HKD 120.55 million in the previous year[26]. - The group reported a net loss attributable to shareholders of HKD 353.1 million for the six months ended June 30, 2022, compared to a loss of HKD 128.2 million in the same period of 2021[71]. - The company incurred a total comprehensive loss of HKD 353,126,452 for the six months ended June 30, 2022, compared to a loss of HKD 128,150,058 for the same period in 2021[75]. - The company reported a loss attributable to owners of the company of HKD 353,126,452 for the six months ended June 30, 2022, compared to a loss of HKD 128,150,058 for the same period in 2021, resulting in a basic and diluted loss per share of HKD 12.17[126]. Financial Position - As of June 30, 2022, the company's net asset value decreased to approximately HKD 1.47871 billion from HKD 1.83184 billion as of December 31, 2021[26]. - The company had total borrowings of HKD 0 as of June 30, 2022, down from HKD 390 million as of December 31, 2021, resulting in a debt-to-equity ratio of approximately 0%[29]. - Cash and cash equivalents were approximately HKD 14.66 million as of June 30, 2022, compared to approximately HKD 265.24 million as of December 31, 2021[29]. - The total equity as of June 30, 2022, was HKD 1,478,710,282, down from HKD 1,831,836,734 as of December 31, 2021, reflecting a decrease of 19.3%[75]. - Total assets as of June 30, 2022, amounted to HKD 1,480,907,605, a decrease of 33.5% from HKD 2,228,233,642 as of December 31, 2021[73]. Investment Activities - The company is actively seeking quality investment opportunities in logistics infrastructure, supply chain services, advanced manufacturing, and new energy sectors[45]. - The company agreed to invest $25 million to acquire 7,245 shares of Jolly, which issued a total of 31,449 shares[46]. - The group aims to leverage resources from the China Development Bank to enhance operational efficiency and expand business opportunities[45]. - The company sold a 4.82% stake in P.G. Logistics for RMB 192.8 million, completing the transaction on July 15, 2022[47]. - The fair value of the group's investment in Meicai as of June 30, 2022, was approximately HKD 423,720,000, down from HKD 565,463,000 as of December 31, 2021[146]. Financial Management - The company maintains a prudent financial management strategy to minimize financial risks and meet operational needs while seeking investment opportunities[27]. - The board believes the company maintains a robust financial position as of June 30, 2022[29]. - The company did not disclose any changes in its capital structure during the period[30]. - The company has not recorded any taxable profits in Hong Kong for the periods under review, thus no provision for Hong Kong profits tax has been made[119]. - The company has not made any acquisitions or significant market expansions during the reporting period[179]. Risk Management - The group faces various financial risks, including market risk, credit risk, and liquidity risk, which are detailed in the annual financial statements[88]. - The group has not changed its risk management policies since the year-end[89]. - The group has no significant foreign exchange risk due to over half of its retained cash being denominated in USD and held in major banks in Hong Kong[67]. - The company's financial risk management includes significant unobservable inputs, which are critical for fair value estimation[100]. - The group’s financial risk management disclosures are incomplete in the interim financial data and should be read in conjunction with the annual financial statements[88]. Corporate Governance - The audit committee consists of four members, all of whom are non-executive directors, and regularly reviews financial reports and internal control systems[182]. - The company has complied with all provisions of the Corporate Governance Code, except for a deviation regarding the balance of executive and non-executive directors on the board[188]. - The Nomination Committee consists of three members, with a majority being independent non-executive directors, and is chaired by Mr. Lu Yanpo[186]. - Mr. Bai Zhe resigned as executive director and chairman of the board effective June 30, 2022, and the board is actively seeking a suitable replacement[191]. - The company expresses gratitude to external professionals for their services during the period and acknowledges the contributions of the board members and employees[193].

Financial Performance - The company reported a loss of approximately HKD 128.15 million for the six months ended June 30, 2021, compared to a profit of approximately HKD 190.23 million for the same period in 2020, primarily due to a fair value loss on financial assets of approximately HKD 120.55 million[20]. - The loss per share for the period was approximately HKD 0.0442, compared to earnings per share of approximately HKD 0.0655 for the same period in 2020[20]. - The company reported a net loss of HKD 128,150,058 for the six months ended June 30, 2021, compared to a profit of HKD 190,225,926 in the same period of 2020[62]. - The fair value loss on financial assets amounted to HKD 120,547,984, a significant decrease from a gain of HKD 207,541,665 in the previous year[62]. - The equity attributable to the owners of the company decreased to HKD 1,717,804,890 as of June 30, 2021, from HKD 1,845,954,948 at the end of 2020[64]. - Basic and diluted loss per share for the six months ended June 30, 2021, was HKD (4.42), down from HKD 6.55 in the same period of 2020[142]. Financial Position - The company's net asset value decreased to approximately HKD 1.7178 billion as of June 30, 2021, down from approximately HKD 1.84595 billion as of December 31, 2020[20]. - As of June 30, 2021, the total borrowings of the group amounted to HKD 390 million, with a debt-to-equity ratio of approximately 23%, up from 21% as of December 31, 2020[24]. - The group's cash and cash equivalents were approximately HKD 272.08 million as of June 30, 2021, an increase from HKD 192.59 million as of December 31, 2020[25]. - The group reported a net current liability of approximately HKD 40,625,000 as of June 30, 2021, which includes bank borrowings of HKD 390,000,000 classified as current liabilities[73]. - The group has access to unused loan facilities of USD 100,000,000 from its direct holding company, indicating strong financial support for ongoing operations[73]. Investments and Acquisitions - The group held a 23.81% equity interest in Bihua Investment Limited, which directly owned approximately 11.78% of Jinko Power Technology Co., Ltd. as of June 30, 2021[32]. - The investment in P.G. Logistics had a market value of approximately HKD 458.18 million as of June 30, 2021, representing 21.7% of the group's total assets[32]. - The investment in Baishi Group had a market value of approximately HKD 288.6 million as of June 30, 2021, accounting for 13.7% of the group's total assets[32]. - The company invested $25 million in Spruce for newly issued convertible preferred shares, enhancing its position in the agricultural supply chain sector[40]. - The company invested $25 million in G7 for newly issued preferred shares, positioning itself in the logistics AI service market[42]. - The company invested $25 million in Wacai for newly issued preferred shares, which has served over 47 million registered users in personal financial management[45]. Operational Highlights - Baogong Investment operates nine projects with an overall occupancy rate of 82% as of June 30, 2021, and is expected to maintain stable operations in the second half of 2021[38]. - Spruce's revenue significantly increased in Q1 2021 compared to the same period in 2020, attributed to the stabilization of the domestic pandemic and the resumption of operations[41]. - G7's business maintained sustainable growth despite the adverse effects of COVID-19, with certain product business scales achieving growth compared to the previous year[42]. - The company anticipates that Yimi Dida, G7, Spruce, and Baogong Investment will continue to enhance efficiency and expand business opportunities[37]. Financial Management and Strategy - The financial management strategy aims to maintain adequate liquidity and minimize financial risks to meet operational needs and seek investment opportunities[21]. - The company is focused on prudent financial management to support its operational and investment strategies moving forward[21]. - The company aims to diversify investments across sectors such as logistics, information technology, advanced manufacturing, healthcare, new energy, and environmental protection[59]. - The management plans to leverage resources from the National Development Bank to enhance operational efficiency and business opportunities in the logistics sector[59]. Risk Management - The group faces various financial risks, including market risk (currency and price risk), credit risk, and liquidity risk[81]. - The group continues to assess the ongoing impact of the COVID-19 pandemic on its investment projects and overall performance[73]. - The group has not reported any significant changes in its risk management policies since the year-end[82]. Corporate Governance - The company appointed a new auditor, Hong Kong Shinewing Certified Public Accountants Limited, effective June 28, 2021, following the resignation of PwC[194]. - The Audit Committee consists of three independent non-executive directors, regularly reviewing financial reports and internal control systems[195]. - The Remuneration Committee, composed of independent non-executive directors, advises on the overall remuneration policy for directors and senior management[196]. - The Nomination Committee, primarily made up of independent non-executive directors, reviews the board's structure and composition annually[199].

Financial Performance - The group recorded a profit of approximately HKD 190.23 million for the six months ended June 30, 2020, compared to HKD 6.21 million for the same period in 2019, primarily due to fair value changes in financial assets amounting to HKD 207.54 million[22]. - The group reported a net profit attributable to shareholders of HKD 190.23 million for the six months ended June 30, 2020, compared to HKD 6.21 million for the same period in 2019[72]. - The total comprehensive income for the period was HKD 188,967,436, after accounting for a foreign exchange loss of HKD 1,258,490[76]. - Basic earnings per share for the period were HKD 6.55, up from HKD 0.21 in the previous year, indicating a substantial growth in profitability[147]. - The company reported a net profit of HKD 190,225,926 for the six months ended June 30, 2020, compared to a profit of HKD 6,205,910 in the same period of 2019, representing a significant increase[76]. Financial Position - The group's net asset value increased to approximately HKD 1.98745 billion as of June 30, 2020, compared to HKD 1.79848 billion as of December 31, 2019[22]. - The total assets increased to HKD 2.62 billion as of June 30, 2020, from HKD 2.35 billion as of December 31, 2019[74]. - The company's total equity as of June 30, 2020, was HKD 1,987,445,258, reflecting growth from HKD 1,629,855,305 at the end of June 2019[76]. - The group's total liabilities amounted to HKD 628.46 million as of June 30, 2020, compared to HKD 554.24 million as of December 31, 2019[74]. - The group's total non-current assets were HKD 2,189,463,337 as of June 30, 2020, compared to HKD 2,116,708,321 as of December 31, 2019[152]. Cash Flow and Liquidity - Cash and cash equivalents amounted to approximately HKD 78.47 million as of June 30, 2020, compared to HKD 20.14 million as of December 31, 2019[27]. - Cash and cash equivalents increased by HKD 58,335,747, reaching HKD 78,472,048 at the end of the reporting period, compared to HKD 38,702,342 at the end of June 2019[91]. - The net cash used in operating activities was HKD (10,699,780), compared to HKD (8,926,478) in the previous year, indicating a decline in cash flow from operations[82]. - The current ratio as of June 30, 2020, was approximately 152%, significantly up from about 30% as of December 31, 2019[67]. Borrowings and Debt Management - The group had total borrowings of HKD 624 million as of June 30, 2020, up from HKD 546 million as of December 31, 2019, with a debt-to-equity ratio of approximately 31%[27]. - The company raised HKD 624,000,000 from bank borrowings during the reporting period, while repaying HKD 546,000,000[87][88]. - The group has entered into a loan agreement with a maximum amount of USD 100 million at an interest rate of LIBOR plus 1.65%[23]. - The group has secured a non-committed revolving loan facility of up to USD 100 million from China Minsheng Bank Hong Kong Branch[24]. Investment Activities - The investment portfolio included Jolly Investment Limited with a market value of HKD 567,453,877, representing 21.7% of total assets[35]. - The company has invested $25 million in Jolly, acquiring 7,245 shares, representing approximately 23.04% of Jolly's expanded issued share capital[43]. - The company invested $25 million in Wacai, acquiring shares representing approximately 3.08% of Wacai's expanded issued share capital, which has faced challenges due to tightened regulations in the internet finance sector[48]. - The company sold a total of 4,670,362 shares of NIO Inc. American Depositary Shares at an average price of approximately $9.84 per share from July 1 to July 8, 2020[31]. Operational Performance - The group experienced a decrease in general and administrative expenses to approximately HKD 6.65 million from HKD 7.73 million in the same period of 2019, mainly due to reduced legal and professional fees[22]. - As of June 30, 2020, Baogong Investment operated 9 projects with an overall occupancy rate of 76%, which decreased due to the impact of COVID-19[43]. - Spruce aims to expand into new cities and increase market share, despite a significant revenue decline in Q1 2020 due to multiple factors including the COVID-19 pandemic[44]. - G7, a leading logistics AI service provider, has over 70,000 customers and connects more than 1.55 million logistics vehicles, with a slight revenue increase despite the pandemic[47]. Fair Value and Financial Instruments - The fair value of financial instruments as of June 30, 2020, was reported at HKD 477,360,000, with a significant input data sensitivity to credit spread changes of ±2.5%, affecting fair value by HKD 1,117 and HKD 1,151 respectively[109]. - The fair value of financial assets measured at fair value through profit or loss amounted to HKD 2,470,693,855, an increase from HKD 2,263,152,190 as of December 31, 2019[130]. - The company utilized an option pricing model for the fair value estimation of financial assets, which is a recognized pricing model in the industry[128]. - The company’s credit analysis indicates that the credit spread is inversely related to the fair value, highlighting the sensitivity of fair value to changes in credit risk[128]. Regulatory Compliance and Reporting - The company has complied with the Hong Kong Accounting Standards No. 34 for interim financial reporting, with no significant issues found during the review[197]. - The financial review was conducted in accordance with the Hong Kong Institute of Certified Public Accountants' standards, ensuring the accuracy of the interim financial data[194]. - The interim financial data includes a consolidated statement of financial position and a consolidated income statement for the six months ended June 30, 2020[193]. - The company is required to prepare interim financial data in accordance with the relevant rules of the Hong Kong Stock Exchange[193].

Financial Performance - The group recorded a profit of approximately HKD 6.21 million for the six months ended June 30, 2019, compared to HKD 110.23 million for the same period in 2018, representing a decrease of 94.35%[22]. - Fair value gains on financial assets recognized in profit or loss amounted to approximately HKD 24.25 million, down from HKD 122.88 million in the previous year, a decline of 80.24%[22]. - The group reported an operating profit of HKD 16.52 million for the six months ended June 30, 2019, compared to HKD 118.78 million for the same period in 2018[67]. - The net profit attributable to the company's owners for the period was HKD 6.21 million, a significant decrease from HKD 110.23 million in the prior year[67]. - The total comprehensive income for the period was HKD 109,604,612, reflecting a decrease from the previous period's total comprehensive income[73]. - The basic earnings per share for the six months ended June 30, 2019, was HKD 0.21, a decrease from HKD 3.80 for the same period in 2018, reflecting a decline of approximately 94.5%[137]. Expenses and Liabilities - General and administrative expenses increased to approximately HKD 7.73 million from HKD 4.10 million, reflecting a rise of 88.78% due to higher legal, professional fees, and employee benefits expenses[22]. - The company incurred a total of HKD 2,687,582 in legal and professional fees for the six months ended June 30, 2019, compared to HKD 688,304 for the same period in 2018, indicating an increase of approximately 289%[133]. - The total liabilities to total assets ratio was approximately 25% as of June 30, 2019, consistent with the ratio as of December 31, 2018[61]. - The company has a net current liability of approximately HKD 419,199,000, including short-term bank borrowings of HKD 546,000,000[80]. Cash and Cash Equivalents - The group had cash and cash equivalents of approximately HKD 38.70 million as of June 30, 2019, down from HKD 59.15 million at the end of 2018, a decrease of 34.69%[24]. - The total cash and cash equivalents decreased by HKD 20,452,053, compared to a decrease of HKD 15,970,624 in the prior year, reflecting a 28% increase in cash reduction[76]. - As of June 30, 2019, the company had cash and cash equivalents of HKD 38,702,342, down from HKD 76,903,215 in the previous year, indicating a 50% decline[76]. Investments - As of June 30, 2019, the group's investment in Jolly Investment Limited had a market value of HKD 265.2 million, representing a 12.1% unrealized gain of HKD 70.2 million[30]. - The investment in Spruce had a market value of HKD 436.8 million, with an unrealized gain of HKD 236.34 million, accounting for 20.0% of the group's total assets[30]. - G7 Networks Limited's investment had a market value of HKD 252.72 million, reflecting an unrealized gain of HKD 57.72 million, which is 11.6% of the group's total assets[30]. - The investment in NIO Inc. had a market value of HKD 218.4 million, with an unrealized gain of HKD 23.4 million, representing 10.0% of the group's total assets[30]. - The group's stake in Yimi Dida Supply Chain Group Limited was valued at HKD 92.89 million, resulting in an unrealized loss of HKD 139.16 million, which is 4.3% of the group's total assets[30]. Financial Strategy and Risk Management - The financial policy aims to maintain an appropriate level of liquidity and minimize financial risks to meet operational needs and seek investment opportunities[23]. - The group faces various financial risks, including market risk, credit risk, and liquidity risk[94]. - The group has not made any changes to its risk management policies since the year-end date[95]. Corporate Governance - The audit committee consists of three independent non-executive directors, ensuring oversight of financial reporting and internal controls[195]. - The Compensation Committee consists of three independent non-executive directors, with Mr. Sin as the chairman, providing advice on the overall compensation policy and structure for the board and senior management[196]. - The Nomination Committee, chaired by Mr. Bai, reviews the board's structure and composition annually, ensuring alignment with the company's strategy[197]. Employee Costs - The total employee benefits expenses for the six months ended June 30, 2019, amounted to HKD 7,726,521, an increase of approximately 88.5% compared to HKD 4,097,751 for the same period in 2018[133]. - Total short-term benefits paid to key management personnel for the six months ended June 30, 2019, amounted to HKD 1,816,117, compared to HKD 1,865,636 for the same period in 2018, indicating a decrease of approximately 2.6%[178]. Shareholder Information - Major shareholders include the China Development Bank, holding 1,920,000,000 shares, representing 66.16% of the issued share capital[190]. - The company did not declare or propose any dividends for the six months ended June 30, 2019, consistent with the previous year[134].

Financial Performance - The company recorded a profit attributable to shareholders of approximately HKD 139.58 million for the year, down from HKD 176.96 million in 2017, primarily due to fair value gains on financial assets[38]. - Financing income for the year was approximately HKD 50,000, compared to HKD 40,000 in 2017[38]. - The net fair value gains on financial assets amounted to approximately HKD 174.31 million, a decrease from HKD 191.73 million in 2017[38]. - Earnings per share for the year were approximately HKD 0.0481, down from HKD 0.0610 in 2017[38]. - The company recorded a loss of RMB 508 million in 2018, significantly reduced by 58.6% compared to the previous year[82]. - The company achieved a revenue of RMB 27.961 billion in 2018, representing a growth of 39.9% compared to 2017[82]. - The gross profit margin for 2018 was 5.2%, an increase of 2.9 percentage points from 2017[82]. Expenses and Liabilities - General and administrative expenses for the year were approximately HKD 15.16 million, an increase from HKD 13.99 million in 2017, mainly due to higher employee benefits and legal and professional fees[38]. - Financing expenses for the year were approximately HKD 20.23 million, compared to HKD 4.36 million in 2017[38]. - As of December 31, 2018, the group had a net current liability of approximately HKD 261.07 million, including short-term bank borrowings of HKD 546 million[39]. - The group maintained cash and cash equivalents of approximately HKD 59.15 million as of December 31, 2018, down from HKD 92.87 million in 2017[39]. - The debt-to-equity ratio, calculated as short-term borrowings to total equity, was 34% as of December 31, 2018[39]. Investment and Growth Opportunities - The company aims to seek investment opportunities in the logistics industry to create optimal returns for shareholders[34]. - The company plans to explore potential investment opportunities in information technology, advanced manufacturing, new energy, and environmental protection sectors[34]. - The company aims to leverage resources from the National Development Bank to enhance operational efficiency and expand business opportunities in logistics and financial services[52]. - The company aims to leverage its existing logistics network and industry knowledge to enhance operational efficiency and explore investment opportunities in logistics infrastructure and supply chain services[91]. Corporate Governance - The board consists of five directors, including two executive directors and three independent non-executive directors, ensuring a balance of expertise and experience[191]. - The chairman, Mr. Bai Zhe, has extensive experience in corporate management and international banking, having joined the company in 2012[177]. - The company is committed to continuously reviewing and improving its corporate governance practices to ensure prudent regulation of business activities[189]. - The board actively participates in meetings and provides diverse skills and knowledge to enhance decision-making processes[191]. - The company has adopted a standard code for securities trading by directors, ensuring compliance throughout the year[190]. Shareholder Information - No dividends are recommended for the year, consistent with the previous year[116]. - The major shareholder, the National Development Bank, holds 1,920,000,000 shares, representing approximately 66.16% of the issued share capital[139]. - The company did not issue any new shares during the year[121]. - The company has not entered into any management contracts during the year[135]. Market Conditions and Future Outlook - The company anticipates a challenging business environment due to economic pressures in China, with a focus on prudent review and adjustment of business strategies[109]. - The logistics industry is expected to continue growing, providing opportunities for higher returns[109]. - The company plans to continue striving for high-speed business growth in 2019 while maintaining cost control measures[82]. Miscellaneous - The company has not made any charitable donations during the year[167]. - The company has maintained compliance with the corporate governance code as per the listing rules throughout the year[189]. - The company has not reported any conflicts of interest involving directors during the year[147].

Financial Performance - The company recorded a profit attributable to shareholders of approximately HKD 139.58 million for the year, down from HKD 176.96 million in 2017, primarily due to fair value gains on financial assets[38]. - Financing income for the year was approximately HKD 50,000, compared to HKD 40,000 in 2017[38]. - The net fair value gains on financial assets amounted to approximately HKD 174.31 million, a decrease from HKD 191.73 million in 2017[38]. - General and administrative expenses for the year were approximately HKD 15.16 million, an increase from HKD 13.99 million in 2017, mainly due to higher employee benefits and legal and professional fees[38]. - Financing expenses for the year were approximately HKD 20.23 million, compared to HKD 4.36 million in 2017[38]. - Earnings per share for the year were approximately HKD 0.0481, down from HKD 0.0610 in 2017[38]. - The company's net asset value increased to approximately HKD 1.62394 billion, up from HKD 1.48767 billion in 2017[38]. Investment Opportunities - The company aims to seek investment opportunities in the logistics industry to create optimal returns for shareholders[34]. - The company plans to explore potential investment opportunities in information technology, advanced manufacturing, new energy, and environmental protection sectors[34]. - The company will continue to seek investment opportunities in various sectors, including photovoltaic power generation and fintech, to enhance profitability and manage risks[91]. Debt and Liabilities - As of December 31, 2018, the group had a net current liability of approximately HKD 261.07 million, including short-term bank borrowings of HKD 546 million[39]. - The group maintained cash and cash equivalents of approximately HKD 59.15 million as of December 31, 2018, down from HKD 92.87 million in 2017[39]. - The group’s short-term borrowings remained at HKD 546 million as of December 31, 2018, consistent with the previous year[39]. - The debt-to-equity ratio, calculated as short-term borrowings to total equity, was 34% as of December 31, 2018[39]. - The group had no significant capital commitments or contingent liabilities as of December 31, 2018[42]. Corporate Governance - The company has maintained compliance with the Corporate Governance Code as per the Listing Rules throughout the year[189]. - The board consists of five directors, including two executive directors and three independent non-executive directors, ensuring a balance of expertise and experience[191]. - The chairman, Mr. Bai Zhe, has extensive experience in corporate management and international banking, having joined the company in 2012[177]. - The independent non-executive directors bring diverse skills and professional knowledge, enhancing the board's effectiveness in decision-making[191]. - The company is committed to continuously reviewing and improving its corporate governance practices to ensure prudent regulation of business activities[189]. Operational Efficiency - The management will continue to monitor market conditions closely and enhance operational efficiency to improve financial discipline and profitability[35]. - The company aims to leverage its existing logistics network and industry knowledge to enhance efficiency and expand business opportunities[91]. - The company believes that G7's IoT and AI technologies will continue to enhance operational efficiency and market share in logistics[64]. Market Conditions - The company anticipates a challenging business environment due to economic pressures in China, impacting global financial conditions[109]. - The logistics industry is expected to continue growing, providing opportunities for higher returns[109]. - The management anticipates that the logistics industry will maintain good growth, supported by the national development bank[91]. Shareholder Information - No dividends are recommended for the year, consistent with the previous year[116]. - The company's distributable reserves as of December 31, 2018, amounted to HKD 1,332,595,496, an increase from HKD 1,280,072,821 in 2017[127]. - The major shareholders include the National Development Bank, holding 1,920,000,000 shares, which represents approximately 66.16% of the issued share capital[139]. Related Party Transactions - The company has reviewed related party transactions and believes they have been appropriately disclosed according to listing rules[151]. - The company has not engaged in any significant related party transactions or continuous related party transactions during the year[157]. Investments and Acquisitions - The group’s investment portfolio included significant holdings in companies such as Bihua Venture Capital Limited and Jolly Investment Limited, with respective market values of HKD 444.6 million and HKD 241.8 million as of December 31, 2018[47]. - There were no major acquisitions or disposals of subsidiaries and associates during the year[43]. Performance Metrics - In 2018, the company achieved a revenue of RMB 27.961 billion, representing a growth of 39.9% compared to 2017[82]. - The gross profit margin for 2018 was 5.2%, an increase of 2.9 percentage points from 2017[82]. - The company recorded a loss of RMB 508 million in 2018, significantly reduced by 58.6% compared to the previous year[82]. - As of December 31, 2018, the company's audited net assets amounted to RMB 4.14 billion[82]. - The current ratio as of December 31, 2018, was approximately 53%, up from 17% in 2017[86]. - The total debt to total assets ratio was about 25% as of December 31, 2018, a decrease from 27% in 2017[86].