行业估值方面，其他金融行业市盈率（TTM）平均值为23.28倍，行业中值-0.17倍。大禹金融市盈率 11.64倍，行业排名第39位；其他东方汇财证券（08001.HK）为1.93倍、招商局中国基金（00133.HK） 为2.23倍、国银金租（01606.HK）为3.25倍、香港信贷（01273.HK）为3.4倍、中关村科技租赁 （01601.HK）为3.64倍。 最近一个月来，大禹金融累计涨幅19.79%，今年来累计涨幅57.53%，跑赢恒生指数17.21%的涨幅。 资料显示，大禹金融控股有限公司(前称浩伦农业科技集团有限公司)为一家控股公司,主要从事提供企业 融资顾问服务及资产管理服务、证券经纪、证券包销及配售,以及放债业务。本公司主要透过以下全资 拥有的主要附属公司营运: 禹铭投资管理有限公司 根据证券及期货条例(香港法例第571章)('证券及期货条例')获发牌从事第1类(证券交易)、第4类(就证券 提供意见)、第6类(就机构融资提供意见)及第9类(提供资产管理)受规管活动。 财务数据显示，截至2024年12月31日，大禹金融实现营业总收入5135.45万元，同比增长27.9%；归母净 利润2084.0 ...

机构评级方面，目前暂无机构对该股做出投资评级建议。 5月30日，截至港股收盘，恒生指数下跌1.2%，报23289.77点。大禹金融（01073.HK）收报0.115港元/ 股，上涨15.0%，成交量1万股，成交额1150港元，振幅0.0%。 最近一个月来，大禹金融累计跌幅14.53%，今年来累计涨幅36.99%，跑赢恒生指数17.51%的涨幅。 财务数据显示，截至2024年12月31日，大禹金融实现营业总收入5135.45万元，同比增长27.9%；归母净 利润2084.05万元，同比增长113.91%；资产负债率33.78%。 根据证券及期货条例获发牌可从事第1类(证券交易)受规管活动。它亦为香港联合交易所有限公司之结 算系统参与者,并获香港中央结算有限公司认可以直接结算参与者身份参与中央结算及交收系统。 万基财务有限公司 持有由发牌法庭根据放债人条例(香港法例第163章)及放债人规例授予的放债人牌照,可在香港进行放债 业务。 （以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 来源：金融界 行业估值方面，其他金融行业市盈率（TTM）平均值为23.28倍，行业中值-0.17倍。 ...

Stock Performance and Dividends - The Group's stock performance in 2024 saw the Hang Seng Index increase by 18% due to stimulus measures from China[16]. - The proposed total dividends for the year 2024 amount to HK0.44 cents per share, compared to HK0 for 2023[17]. - The final dividend is set at HK0.28 cents per share, with a special dividend of HK0.16 cents per share[17]. - The dividends will be paid on June 20, 2025, subject to shareholder approval at the AGM on May 30, 2025[18]. Financial Performance - The Group's financial results for the year ended December 31, 2024, are presented in the annual report[15]. - Revenue from corporate finance advisory and related services for the Current Reporting Period was approximately HK$28.8 million, up from approximately HK$20.5 million in 2023, representing a growth of 40%[83][90]. - Revenue from asset management services was approximately HK$19.2 million, an increase from approximately HK$15.7 million in 2023, reflecting a growth of 22.4%[84][91]. - Adjusted total comprehensive income for the Current Reporting Period was approximately HK$21.3 million, compared to approximately HK$10.6 million in the previous year, indicating a substantial improvement[88]. - The Group recorded a profit for the Current Reporting Period of approximately HK$22.5 million, compared to a loss of approximately HK$161.8 million in the previous year[137]. - Basic earnings per share for the Current Reporting Period was HK1.03 cents, compared to a loss per share of HK14.20 cents in 2023[138]. - The Group's revenue for the Current Reporting Period increased by approximately HK$12.1 million, or 27.9%, to approximately HK$55.5 million compared to HK$43.4 million in the previous year[139]. Management and Governance - The Group is preparing for potential challenges in hostile takeovers and market reviews, indicating a proactive approach to risk management[2]. - The board of directors includes both executive and independent non-executive members, ensuring diverse governance[7]. - The company has appointed independent non-executive directors to enhance governance and oversight[55][61]. - The managing director's discussion and analysis will include future business prospects for the group[27]. Company Structure and Operations - The Group's headquarters is located in Hong Kong, with a registered office in the Cayman Islands[12]. - Da Yu Financial Holdings Limited primarily engages in corporate finance advisory services, asset management, securities investment, securities broking, and money lending in Hong Kong[75]. - The company operates through several wholly-owned subsidiaries, including Yu Ming Investment Management Limited, Yu Ming High Dividend Fund, Morton Securities Limited, and Morgan Finance Limited[75]. - The company is licensed by the SFC to conduct regulated activities in securities trading, corporate finance, and asset management[51]. Risk Management and Credit - Morgan Finance continued to adopt a cautious approach to credit risk management amid economic instability, adjusting interest rates and loan-to-value ratios as necessary[96][104]. - The Group's credit approval process includes thorough background checks and credit risk assessments before granting loans[117]. - The Group ensures that all loans have a good repayment prospect and implements strict recovery actions to secure repayments[118]. Market Trends and Future Outlook - The rise of the AI company DeepSeek is highlighted as a key driver of market excitement, showcasing China's innovation capabilities[16]. - The Group's future outlook will be detailed in the "Management Discussion and Analysis" section[23]. Employee and Operational Expenses - Employee benefit expenses increased by approximately HK$7.3 million, or 35.1%, to approximately HK$28.1 million in 2024, mainly due to a rise in staff bonuses by approximately HK$5.1 million, or 107.6%[141]. - Operating expenses increased by 7%, largely due to inflation and strategic investments, with a cost-to-income ratio improving by 4 percentage points to 59%[178][182]. Asset and Liability Management - The Group's cash and cash equivalents as of December 31, 2024, were approximately HK$98.6 million, up from approximately HK$70.4 million in 2023[147][152]. - Total assets increased to approximately HK$757.2 million in 2024, up from approximately HK$492.5 million in 2023, while total liabilities rose to approximately HK$255.8 million from approximately HK$182.6 million[150][155]. - The Group's net assets as of December 31, 2024, were approximately HK$501.4 million, compared to approximately HK$309.9 million in 2023[150][155].

Financial Performance - For the fiscal year ending December 31, 2024, the total revenue increased to HKD 55,456,000, representing a 27.9% growth from HKD 43,360,000 in 2023[3] - Service revenue rose to HKD 53,642,000, up 39.7% from HKD 38,372,000 in the previous year[3] - The company reported a profit attributable to owners of HKD 22,505,000, a significant recovery from a loss of HKD 161,791,000 in 2023[3] - The adjusted total comprehensive income for the year was HKD 21,332,000, compared to a loss of HKD 161,791,000 in the prior year[5] - The group reported service revenue of HKD 53,642,000 for 2024, a 39.7% increase from HKD 38,372,000 in 2023[18] - The reported segment profit before tax was HKD 24,726,000, with HKD 19,036,000 from corporate finance services and HKD 6,455,000 from asset management[23] - The company reported a net loss attributable to shareholders of HKD 161,791 million in the previous year, which improved to a profit of HKD 22,505 million for the current year[33] - The group recorded an adjusted total comprehensive income of approximately HKD 21,300,000 for the twelve months ended December 31, 2024, compared to HKD 10,600,000 in the previous year, marking an increase of about 100.9%[55] - Basic earnings per share increased by 30% to 16.81 cents, with reported earnings per share rising by 30% to 14.13 cents[87] Assets and Liabilities - The company's net assets increased to HKD 501,356,000, up from HKD 309,938,000 in 2023, reflecting a 61.8% growth[8] - The total assets less current liabilities increased to HKD 510,682,000, up from HKD 319,799,000 in 2023, marking a 59.8% increase[8] - The total assets as of December 31, 2024, amounted to HKD 757,153 million, a significant increase from HKD 492,532 million as of December 31, 2023[26] - The company's total liabilities increased to HKD 255,797 million as of December 31, 2024, compared to HKD 182,594 million in the previous year[26] - The total intangible assets increased from HKD 97,964,000 as of January 1, 2023, to HKD 102,964,000 by December 31, 2024, reflecting a growth in trademark and license values[38] Cash and Cash Equivalents - Cash and cash equivalents rose to HKD 98,550,000, compared to HKD 70,406,000 in the previous year, indicating a 39.9% increase[7] - The group had cash and cash equivalents of approximately HKD 98.6 million as of December 31, 2024, up from HKD 70.4 million in 2023[69] Employee Expenses - Employee benefit expenses rose to HKD 28,091,000, compared to HKD 20,795,000 in the previous year, reflecting a 35.0% increase[3] - Employee benefit expenses increased to HKD 28,091 million from HKD 20,795 million, reflecting a rise in operational costs[30] Dividends - The company declared a proposed final dividend of HKD 0.28 per share and a special dividend of HKD 0.16 per share, totaling HKD 10,026 million for the year[34] - The board proposed a final dividend of HKD 0.28 and a special dividend of HKD 0.16 per share, totaling HKD 0.44 per share for the 2024 fiscal year[101] Impairment and Goodwill - The company experienced a significant impairment loss on goodwill of HKD 172,453 million in the previous year, which was not repeated in the current year[30] - The group did not recognize any additional impairment of goodwill in 2024, compared to a significant impairment of approximately HKD 172,400,000 in 2023[55] - The carrying value of goodwill allocated to cash-generating units was HKD 108,788,000 for both 2024 and 2023, with no change in allocation[37] Revenue Breakdown - The group’s total revenue from external customers for 2024 was HKD 70,081,000, with a breakdown of HKD 38,965,000 from corporate finance services, HKD 19,187,000 from asset management, and HKD 9,447,000 from securities-related services[23] - Revenue from corporate finance advisory and related services was approximately HKD 28,800,000 in 2024, up from HKD 20,500,000 in 2023, indicating a growth of about 40.0%[53] - Revenue from asset management services reached approximately HKD 19,200,000 in 2024, compared to HKD 15,700,000 in 2023, reflecting an increase of around 22.5%[54] - Revenue from securities and related services was approximately HKD 5,700,000 in 2024, significantly up from HKD 1,800,000 in 2023, showing an increase of approximately 216.7%[60] - Revenue from lending and related businesses decreased to approximately HKD 1,800,000 in 2024 from HKD 5,400,000 in 2023, a decline of about 66.7%[63] Financial Standards and Compliance - The company has adopted revised Hong Kong Financial Reporting Standards effective January 1, 2024, with no significant impact on its accounting policies[10] - The group is currently assessing the impact of new and revised Hong Kong Financial Reporting Standards on its consolidated financial statements, with no significant impact anticipated[13] - The new HKFRS 18 will require entities to classify all income and expenses into five categories, effective from January 1, 2027[15] - The group is evaluating the implications of HKFRS 9 and HKFRS 7 revisions, which will first apply in the annual reporting period beginning January 1, 2026[14] - The group must disclose management-defined performance metrics (MPMs) in the notes to the consolidated financial statements, providing a reconciliation with HKFRS performance metrics[19] Client Contributions - Major client A contributed HKD 17,839 million in revenue, while client B contributed HKD 5,000 million, both representing over 10% of total revenue[27][28] Mortgage and Loans - The mortgage loans decreased from HKD 15,219,000 in 2023 to HKD 8,255,000 in 2024, with the number of mortgage loan customers dropping from 27 to 15[39] - The overdue mortgage loans analysis showed no overdue loans for 2024, compared to HKD 1,899,000 in 2023[40] - The loan-to-value ratio for mortgage loans ranged from 0.5% to 58.4% as of December 31, 2024, compared to 0.9% to 51.0% in 2023[65] Other Financial Metrics - The impairment loan ratio at the end of December 2024 was 2.72%, up from 2.69% at the end of December 2023[93] - The liquidity coverage ratio stood at 138%, reflecting prudent asset and liability management[82]

Corporate Activities - For the six months ended June 30, 2024, Da Yu Financial Holdings Limited primarily engaged in corporate finance advisory services, asset management, securities broking, and money lending [5]. - Yu Ming Investment Management Limited is licensed for Type 1, Type 4, Type 6, and Type 9 regulated activities under the Securities and Futures Ordinance [5]. - Morton Securities is a licensed securities dealer and an Exchange Participant of The Stock Exchange of Hong Kong Limited [5]. - Morgan Finance holds a money lenders license, allowing it to conduct money lending business in Hong Kong [5]. - The corporate finance advisory services included advising listed issuers and shareholders on specific transactions related to the Listing Rules and Hong Kong Codes [5]. Financial Performance - Revenue for the Interim Period was approximately HK$24.8 million, an increase from approximately HK$21.1 million in 2023 [8]. - The Group recorded a net profit of approximately HK$25.8 million for the Interim Period, up from approximately HK$4.2 million in 2023, representing an increase of approximately HK$21.6 million [8]. - Revenue from corporate finance advisory and related services was approximately HK$11.0 million, compared to approximately HK$9.0 million in 2023 [7]. - Revenue from asset management services was approximately HK$8.1 million, an increase from approximately HK$7.8 million in 2023 [7]. - Revenue from securities and related services was approximately HK$4.9 million, significantly up from approximately HK$1.2 million in 2023 [7]. - Revenue from money lending and related business was approximately HK$0.8 million, down from approximately HK$3.1 million in 2023 [8]. Assets and Liabilities - As of June 30, 2024, the Group had cash and cash equivalents of approximately HK$194.4 million, compared to approximately HK$70.4 million as of December 31, 2023 [9]. - The Group's current ratio was approximately 193.8% as of June 30, 2024, up from approximately 150.8% as of December 31, 2023 [9]. - Total assets as of June 30, 2024, were approximately HK$789.5 million, an increase from approximately HK$492.5 million as of December 31, 2023 [12]. - The Group's net assets increased to approximately HK$505.8 million as of June 30, 2024, from approximately HK$309.9 million as of December 31, 2023, due to a rights issue that raised approximately HK$170.1 million [12]. Rights Issue - The Company proposed a rights issue of up to 1,139,330,190 new shares at a subscription price of HK$0.15 per share, with gross proceeds of approximately HK$170.9 million and net proceeds of approximately HK$170.1 million after expenses [18]. - The rights issue was approved by independent shareholders on December 28, 2023, and completed on February 2, 2024 [18]. - The Company had no outstanding contracted capital commitments or assets under pledge as of June 30, 2024 [20]. Investment Activities - The Company invested US$15.0 million (approximately HK$117.4 million) in the YMHD Fund, which became a wholly-owned subsidiary in February 2024, and increased the investment by US$4.2 million (approximately HK$32.8 million) in July 2024 [22]. - The total cost of the investment in the YMHD Fund amounted to US$19.2 million (approximately HK$150.2 million) as of July 2024 [22]. - The Company recorded an unrealized gain of approximately HK$5.0 million from the BEA Notes during the interim period [22]. Shareholder Information - As of June 30, 2024, Xu Haohao holds 680,106,534 shares, representing 29.85% of the total issued shares [42]. - Lee Wa Lun holds 227,250,000 shares, accounting for 9.97% of the total issued shares [42]. - Beyond Global holds a corporate interest of 677,646,534 shares, representing 29.74% of the total shares [50]. - Victory Gain has a beneficial interest of 664,076,534 shares, accounting for 29.14% of the total shares [50]. - Universal Way Limited, indirectly wholly-owned by AGL, holds 217,279,896 shares, which is approximately 9.53% of the total shares [51]. Employee Expenses - Employee benefit expenses amounted to approximately HK$7.7 million, an increase from HK$7.3 million in 2023 [38]. - Employee benefits expenses during the Interim Period included salaries of approximately HK$7.7 million, MPF contributions of about HK$300,000, and directors' fees also around HK$300,000 [40]. - Employee benefit expense increased to HK$8,293,000 from HK$7,865,000, reflecting a rise of 5.4% [77]. Legal Matters - Yu Ming is involved in ongoing litigation with China Health Group Limited, seeking HK$5,300,000 for fees under engagement letters [186]. - The legal advisor for Yu Ming believes there is a good prospect of successfully defending the action against the claims [186]. - Mediation efforts in the litigation were unsuccessful, and the parties failed to reach an agreement [186]. Compliance and Governance - The company has complied with all applicable code provisions of the Corporate Governance Code during the interim period, except for code provision F.2.2 regarding the attendance of the chairman at the annual general meeting [62]. - The audit committee reviewed the interim condensed consolidated financial statements for the six months ended June 30, 2024 [59]. - The interim financial statements were approved by the Board of Directors on August 27, 2024 [88]. Revenue Recognition - Revenue from contracts with customers within the scope of HKFRS 15 increased to HK$24,832,000 in 2024 from HK$21,147,000 in 2023, representing a growth of approximately 12.7% [96]. - The total revenue from interest revenue not within the scope of HKFRS 15 increased to HK$24,057,000 in 2024 from HK$18,410,000 in 2023, a growth of approximately 30% [96]. - The timing of services revenue recognition within the scope of HKFRS 15 shows a significant portion recognized at a point in time, totaling HK$10,345,000 in 2024 [96]. Financial Assets - The fair value of listed debt securities and listed perpetual securities is approximately HK$121,338,000 as of June 30, 2024, compared to approximately HK$59,451,000 as of December 31, 2023 [195]. - The total fair value of financial assets at fair value through profit or loss is HK$126,422,000, with HK$5,084,000 in Level 1 and HK$121,338,000 in Level 2 [193]. - The Group's non-current financial assets at fair value through profit or loss (FVPL) increased to HK$77,066,000 as of June 30, 2024, up from HK$49,579,000 [168].

Financial Performance - The company reported a profit attributable to owners of the company of HKD 26,941 thousand for the six months ended June 30, 2024, compared to HKD 5,309 thousand for the same period in 2023, representing a significant increase[1]. - Total revenue for the six months ended June 30, 2024, was HKD 24,057 thousand, up 30.5% from HKD 18,410 thousand in the previous year[1]. - External revenue for the six months ended June 30, 2024, totaled HKD 43,068,000, an increase from HKD 22,044,000 for the same period in 2023, representing a growth of 95.3%[11]. - The pre-tax profit for the six months ended June 30, 2024, was HKD 26,941,000, compared to HKD 5,309,000 for the same period in 2023, indicating a significant increase of 408.5%[11]. - The group recorded a net profit of approximately HKD 25.8 million for the six months ended June 30, 2024, an increase of about HKD 21.6 million compared to HKD 4.2 million in the same period of 2023[35]. Revenue Breakdown - Service revenue increased to HKD 24,057 thousand, with notable contributions from consulting and related services (HKD 11,034 thousand) and asset management services (HKD 7,722 thousand)[7]. - Revenue from corporate finance advisory services was approximately HKD 11 million for the interim period, compared to HKD 9 million in 2023, showing an increase of about 22.2%[33]. - Revenue from asset management services was approximately HKD 8.1 million, up from HKD 7.8 million in 2023, indicating a growth of about 3.8%[34]. - Revenue from securities brokerage and related services was approximately HKD 4.9 million, significantly up from HKD 1.2 million in 2023, representing an increase of about 308.3%[34]. Assets and Equity - The company's total assets as of June 30, 2024, were HKD 531,883 thousand, a substantial increase from HKD 260,503 thousand as of December 31, 2023[2]. - The total assets of the group amounted to approximately HKD 789.5 million as of June 30, 2024, compared to HKD 492.5 million at the end of 2023, representing a growth of about 60.3%[37]. - The total equity attributable to owners of the company rose to HKD 505,837 thousand from HKD 309,938 thousand, indicating a growth of approximately 63.3%[3]. - The group’s net assets increased to approximately HKD 505.8 million as of June 30, 2024, from HKD 309.9 million at the end of 2023, reflecting a rise of about 63.2%[37]. Liabilities - The group’s liabilities totaled approximately HKD 283.7 million as of June 30, 2024, up from HKD 182.6 million at the end of 2023, marking an increase of about 55.4%[37]. Cash and Investments - The group held cash and cash equivalents of approximately HKD 194.4 million as of June 30, 2024, compared to HKD 70.4 million as of December 31, 2023, indicating a significant increase[36]. - The company invested USD 15 million (approximately HKD 117.4 million) in the YMHD fund in February 2024, increasing the total investment to USD 19.2 million (approximately HKD 150.2 million) by July 2024[41]. - The fair value of the East Asia Bank perpetual notes held by the company was approximately HKD 46.5 million as of June 30, 2024, representing 5.9% of the total assets[42]. Performance Obligations - The company has a remaining performance obligation of HKD 16,412 thousand expected to be fulfilled in the fiscal year ending December 31, 2024[8]. - The company expects to recognize amounts related to remaining performance obligations as revenue within the next 6 to 12 months, depending on contract terms[9]. Earnings Per Share - The basic and diluted earnings per share attributable to the company's owners for the six months ended June 30, 2024, is HKD 25,813, compared to HKD 4,203 for the same period in 2023, representing a significant increase[19]. - The weighted average number of ordinary shares for calculating basic and diluted earnings per share increased to 2,073,580,946 shares for the six months ended June 30, 2024, from 1,139,330,190 shares in 2023[20]. Dividends - The company did not declare an interim dividend for the period, consistent with the previous year[21]. - The group did not declare an interim dividend for the interim period, consistent with the previous year[35]. Governance and Compliance - The audit committee has reviewed the financial report and the interim results for the six months ending June 30, 2024[47]. - The company has complied with all applicable provisions of the corporate governance code during the interim period, except for the absence of the chairman at the annual general meeting[48]. - All directors have confirmed compliance with the standard code for securities transactions during the interim period[49].

Financial Performance - The Group recorded a loss of approximately HK$161.8 million for the year ended December 31, 2023, compared to a profit of approximately HK$5.4 million in the previous year[142]. - Revenue decreased by approximately HK$33.3 million, or 43.5%, to approximately HK$43.4 million, primarily due to a drop in corporate finance advisory fee income by approximately HK$26.7 million, or 56.6%[148]. - Adjusted profit excluding goodwill impairment was approximately HK$10.6 million, a decrease of approximately HK$16.5 million, or 60.6%, compared to approximately HK$27.1 million in the previous year[151]. - The Group's total operating income increased by 15.5% to HK$20,746 million, while operating expenses rose by 2.2% to HK$9,432 million, improving the cost-to-income ratio by 5.9 percentage points to 45.5%[181]. - The Group's net fee and commission income slightly decreased by 4.1% to HK$2,640 million amid weak market sentiment[176]. Market Conditions - The Hong Kong capital market faced significant challenges due to high USD interest rates and a slowdown in new listing applications from Chinese enterprises[13]. - The Company faced a double blow from the withdrawal of foreign capital and the systemic defaults by China's property developers, impacting investor confidence[13]. - The overall economic conditions in Hong Kong in 2023 were impacted by a downturn in the capital market and rising interest rates, affecting goodwill valuation[98]. - Corporate finance income is expected to be volatile, particularly during low activity years such as 2023[200]. Business Operations - The Group's businesses in corporate finance, asset management, and money lending remained profitable, except for a non-cash impairment of accounting goodwill from the acquisition of Yu Ming Investment Management Limited in July 2019[14]. - The stockbroking business, Morton Securities Limited, reported losses amid a challenging environment, with many firms closing down[14]. - The Group's business operations are described as robust, sustainable, and profitable despite the significant goodwill impairment[100]. - The Group aims to provide tailored liquidity solutions to meet corporate and personal needs, enhancing its reputation in the loan market[109]. Management and Governance - The Group's executive team is recognized for their innovative efforts, contributing to the overall performance and future strategies[22]. - The chairman expressed gratitude to employees, especially the innovative executive team, for their contributions and support[25]. - The executive directors are actively involved in overseeing the company's subsidiaries, ensuring alignment with corporate goals[43][54][56]. Revenue Streams - Revenue from corporate finance advisory services for the Current Reporting Period was approximately HK$20.5 million, a decrease of 56.5% from HK$47.2 million in 2022[89][92]. - Revenue from asset management services remained stable at approximately HK$15.7 million, unchanged from 2022[94][101]. - Revenue from securities and related services for the Current Reporting Period was approximately HK$1.8 million, down 35.7% from approximately HK$2.8 million in 2022[107]. - Revenue from money lending and related business was approximately HK$5.4 million, a decrease of 50.9% compared to approximately HK$11.0 million in 2022[110]. Credit Risk Management - The Group has maintained a cautious approach to credit risk management, adjusting interest rates and loan-to-value ratios in response to market conditions[109]. - The expected credit loss (ECL) for term loans is assessed individually, while mortgage loans are assessed collectively, considering the financial strength of borrowers and collateral quality[132]. - The impairment provision for secured mortgage loans has been adjusted based on the market value of collateral, which is objectively ascertainable[133]. - The credit approval process includes thorough background checks and credit risk assessments before granting loans[122]. Future Outlook - The Group anticipates future growth despite the current market challenges, as outlined in the Management Discussion and Analysis section[21]. - The management discussion and analysis will provide insights into the future business outlook of the group following the chairman's report[24]. - The Group plans to enhance wealth management services and establish new business relationships to expand its customer base[188].

Financial Performance - The company reported a total revenue of HKD 43,360,000 for the year ended December 31, 2023, a decrease of 43.5% compared to HKD 76,700,000 in 2022[4]. - The net loss attributable to owners for the year was HKD 161,791,000, compared to a profit of HKD 5,365,000 in the previous year[4]. - The adjusted profit before impairment losses was HKD 10,662,000, down from HKD 27,089,000 in 2022, reflecting a decline of 60.7%[7]. - Total service revenue, including consulting and related services, was HKD 20,483,000 in 2023, down from HKD 47,231,000 in 2022, indicating a decrease of approximately 56.5%[50]. - Revenue from corporate finance advisory services during the reporting period was approximately HKD 20,500,000, compared to HKD 47,200,000 in the previous year, representing a decrease of about 56.5%[148]. - The group’s revenue for 2023 was approximately HKD 43.4 million, a decrease of 43.5% from HKD 76.7 million in 2022[185]. - The decline in revenue was primarily due to a reduction in corporate finance advisory service income, which decreased by approximately HKD 26.7 million, or 56.6%, to HKD 20.5 million[185]. Impairment and Losses - The company incurred an impairment loss on goodwill of HKD 172,453,000, significantly higher than the HKD 21,724,000 recorded in the previous year[4]. - The company recorded an impairment loss on goodwill of HKD 172,453, which significantly impacted the overall profitability for the year[60]. - The group reported a non-cash goodwill impairment loss of approximately HKD 172.4 million, an increase of 693.8% compared to the previous year[187]. - The pre-tax loss for 2023 increased by approximately HKD 171.2 million, or 1,534.6%, reaching approximately HKD 160 million[187]. Assets and Liabilities - Total assets as of December 31, 2023, amounted to HKD 1,000,000,000, while total liabilities were HKD 690,000,000, resulting in total equity of HKD 309,938,000[12]. - Total assets minus current liabilities amounted to HKD 319,799,000 in 2023, compared to HKD 481,792,000 in 2022[38]. - Net assets decreased from HKD 471,729,000 in 2022 to HKD 309,938,000 in 2023, representing a decline of approximately 34.3%[39]. - The total liabilities as of December 31, 2023, were HKD 182,594, indicating a stable financial position despite the reported losses[72]. - The group’s total liabilities amounted to 183,607 thousand HKD as of December 31, 2023[93]. Cash Flow and Expenses - Cash and cash equivalents decreased to HKD 70,406,000 from HKD 91,328,000 in the previous year, indicating a decline of 22.8%[9]. - The company’s employee benefit expenses were reduced to HKD 20,795,000 from HKD 23,848,000, a decrease of 12.9%[4]. - Employee benefit expenses decreased by approximately HKD 3 million, or 12.8%, to HKD 20.8 million in 2023[186]. - The company’s financing costs increased to HKD 207,000 from HKD 78,000, reflecting a rise of 164.1%[4]. - The group effectively controlled operating expenses at HKD 9,432 million, an increase of 2.2%[197]. Strategic Initiatives - The company plans to enhance its market presence through strategic initiatives, although specific details were not disclosed in the earnings call[26]. - The company anticipates achieving the remaining performance obligations within the next 12 months, with amounts expected to be recognized as revenue under HKFRS 15[54]. Shareholder Information - The company proposed a rights issue to raise funds, offering one share for every existing share at a subscription price of HKD 0.15, with a maximum of 1,139,330,190 shares to be issued[192]. - The total amount raised from the rights issue was approximately HKD 170,900,000, with a net amount of about HKD 170,000,000 after related expenses[117]. - The company has issued a total of 2,278,660,380 shares as of the announcement date following the completion of the rights issue[142]. Other Financial Metrics - The basic loss per share for the company was HKD 0.1420, compared to earnings of HKD 0.0047 in the previous year[160]. - Other financial income increased by approximately HKD 9,000,000, a 524.5% increase, reaching approximately HKD 7,300,000, compared to a loss of approximately HKD 1,700,000 in the previous year[161]. - The company has made a loss provision of approximately HKD 5,091,000 for trade receivables as of December 31, 2023, consistent with the previous year[138].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部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。 （於開曼群島註冊成立的有限公司） （股份代號：1073） 有關截至 二零二二年十二月三十一日止年度之年報之 補充公告 茲提述大禹金融控股有限公司（「本公司」，連同其附屬公司，統稱為「本 集團」）於二零二三年四月二十一日所刊發截至二零二二年十二月三十一 日止年度之年報（「2022年報」）。除另有界定外，本公告所用詞彙與2022 年報所界定者具有相同涵義。 除於2022年報內已經提供之資料外，本公司謹此向本公司股東提供有關本 集團在香港之放債業務（「放債業務」）之進一步資料如下： 放債業務進一步資料 借款人之規模、多樣性及身份 貸款組合摘要 ...

Revenue Performance - Revenue from corporate finance advisory and related services for the Interim Period was approximately HK$9.0 million, down 66.0% from approximately HK$26.4 million in 2022[21]. - Revenue from asset management services was approximately HK$7.3 million, a slight decrease of 3.9% from approximately HK$7.6 million in 2022[22]. - Revenue from securities broking and related services was approximately HK$1.2 million, down 14.3% from approximately HK$1.4 million in 2022[23]. - Revenue from money lending and related business was approximately HK$3.1 million, a significant decline from approximately HK$8.8 million in 2022, indicating a decrease of about 64.8%[33]. - Revenue for the Interim Period was approximately HK$21.1 million, down from approximately HK$44.7 million in 2022, representing a decrease of about 52.8%[36]. - Services revenue for the six months ended June 30, 2023, was HK$18,410, a decrease of 58.3% compared to HK$44,237 in the same period of 2022[126]. - Total revenue for the six months ended June 30, 2023, was HK$21,147,000, a decrease from HK$44,667,000 in the same period of 2022, representing a decline of approximately 52.7%[169]. - Advisory and related services revenue dropped significantly to HK$9,048,000 from HK$26,418,000, reflecting a decline of approximately 66%[154]. - Securities and related services revenue decreased to HK$1,186,000 from HK$1,401,000, representing a decline of approximately 15%[154]. - Referral fees revenue saw a significant drop to HK$375,000 from HK$8,375,000, marking a decrease of around 95%[154]. Profit and Loss - The Group recorded a net profit of approximately HK$4.2 million for the Interim Period, a decrease of approximately HK$17.6 million compared to HK$21.8 million in 2022[35]. - Profit before income tax for the period was HK$5,309, down 79.5% from HK$25,959 in the previous year[126]. - Profit attributable to the owners of the Company for the period was HK$4,203, a decline of 80.7% compared to HK$21,823 in the same period of 2022[126]. - Basic and diluted earnings per share decreased to 0.37 HK cents from 1.92 HK cents, representing a drop of 80.7%[126]. - The income tax expense for the six months ended June 30, 2023, was HK$1,106,000, a decrease from HK$4,136,000 in the same period of 2022[187]. Assets and Liabilities - Total assets as of June 30, 2023, were approximately HK$639.4 million, down from approximately HK$655.3 million as of December 31, 2022[46]. - Total liabilities decreased to approximately HK$163.5 million as of June 30, 2023, from approximately HK$183.6 million as of December 31, 2022[46]. - The Group had no bank and other borrowings as of June 30, 2023, resulting in a gearing ratio of 0%[45]. - Total assets less current liabilities as of June 30, 2023, were HK$487,674, an increase from HK$481,792 as of December 31, 2022[130]. - Net current assets increased to HK$127,215 from HK$106,092, reflecting a growth of 19.9%[130]. - Total equity attributable to the owners of the Company rose to HK$475,932, up from HK$471,729 at the end of 2022[130]. Corporate Governance and Compliance - The Company has established an Audit Committee in compliance with Listing Rule 3.21[102]. - The Company has complied with all applicable code provisions set out in the Corporate Governance Code during the Interim Period[103]. - The independent auditor's review concluded that the unaudited interim condensed consolidated financial statements are prepared in accordance with HKAS 34[122]. - The Company has adopted the Model Code for securities transactions by Directors, confirming compliance during the Interim Period[106]. - The Company relies on external auditors for the review of its financial reports, without conducting a detailed independent audit[102]. Shareholding and Dividends - The Board resolved not to declare an interim dividend for the Interim Period, consistent with the previous year[34]. - As of June 30, 2023, Lee Wa Lun holds 227,250,000 shares, representing 19.94% of the total issued shares[78]. - Xu Haohao has an interest in 213,343,614 shares, accounting for 18.73% of the total issued shares[78]. - Lam Chi Shing and Li Ming each hold 17,800,000 shares, representing 1.56% of the total issued shares[78]. - The Share Option Scheme allows for a maximum of 113,933,019 shares to be granted, which is 10% of the shares in issue as of July 26, 2019[95]. - No share options were granted, exercised, cancelled, lapsed, or outstanding during the Interim Period[96]. Future Outlook and Strategy - The Group is preparing to expand its service offerings in the financial services industry to ensure sustainable development[70]. - The capital market post-COVID has not revived as expected, impacting the Group's performance outlook for 2023-2024[70]. - The Group's future prospects depend on new mandates and income recognition from corporate finance transactions, contingent on conditions and timing of completion[71]. - The Group's investment management agreement renewal with SHK is crucial for future income generation[71]. - The Group's strategy includes leveraging opportunities arising from delisting notices issued by the Stock Exchange[70]. Employee and Training - The Group's employee benefit expenses for the interim period amounted to approximately HK$7.3 million, a slight decrease from approximately HK$7.4 million in 2022[69]. - The Group's employee training and development efforts are aimed at enhancing employee capabilities and compliance[68].