Investment Strategy - The investment strategy consists of four pillars: coreholding-centered unlisted equity investments, debt investments, fund investments, and listed equity investments, aimed at achieving a balanced and efficient portfolio[14]. - The company has undergone comprehensive adjustments and optimization of its investment strategy since last year, reflecting a proactive approach to market conditions[14]. - The focus on unlisted equity investments aims to identify and invest in companies with long-term growth potential, providing necessary capital support[15]. - Debt investment strategy is designed to achieve stable fixed income through bond purchases or loans, enhancing overall portfolio stability[15]. - Fund investment strategy leverages industry expertise and market insights from professional fund management companies to diversify investment opportunities[15]. - Listed equity investment strategy emphasizes short-term investment opportunities in both domestic and international secondary markets to balance liquidity and returns[15]. - The company aims to deliver continuous and stable investment returns to shareholders through its diversified investment strategies[15]. - The management discussion highlights the importance of comprehensive assessments of return, risk, and opportunity cost in investment decisions[6]. - The company is committed to maximizing the value of its capital and financing capability as a public entity[6]. - The company has re-established its four core investment strategies: unlisted equity investments, debt investments, fund investments, and listed equity investments[21]. - The company emphasizes investment diversity and risk diversification in response to market volatility and uncertainty[21]. Financial Performance - As of September 30, 2024, total revenue reached HK$249,745,000, an increase of 12.6% compared to HK$221,641,000 for the same period in 2023[54]. - The comprehensive income for the period ended September 30, 2024, was HK$96,876,000, compared to HK$72,502,000 for the same period in 2023, reflecting a growth of 33.6%[54]. - The company reported a dividend income and interest revenue of HK$128,897,000 for the six months ended September 30, 2024, down from HK$147,416,000 in the previous year[54]. - The Hong Kong segment generated revenue of HK$380,533,000 as of September 30, 2024, up from HK$269,908,000 as of March 31, 2024, indicating a significant increase[57]. - The Mainland China segment reported revenue of HK$304,082,000, a decrease from HK$399,831,000 in the previous period[57]. - The company’s earnings for the purpose of calculating basic and diluted earnings per share were HK$24,374,000 for the six months ended September 30, 2024, compared to HK$23,146,000 in 2023, representing a growth of 5.3%[62]. - The total comprehensive income for the period as of September 30, 2023, was HK$10,009,496,000, compared to HK$9,870,137,000 as of September 30, 2024[1]. Investment Valuation - Investments at fair value through profit or loss amounted to HK$1,730,589,000 as of September 30, 2024[46]. - The company’s fair value measurements included a discount rate range of 7.79% to 37.52% for discounted cash flows[46]. - The market comparable companies' price-to-sales ratio was reported at 64.98, indicating a potential increase in fair value[46]. - The fair value of unlisted non-voting preference shares was reported at HK$24,500,000, with a price-to-book ratio of 1.91[73]. - The Group's share of net assets from unlisted investment funds and limited partnerships was HK$1,733,915,000[73]. - The discounted cash flows for unlisted economic interests were valued at HK$1,632,000, with a discount rate of 11.70%[73]. Debt and Borrowing - The average effective interest rate on borrowings was 6.50% as of September 30, 2024, slightly down from 6.55% as of March 31, 2024[99]. - The Group's interest on borrowings for the period was HK$24,695,000, a decrease from HK$42,023,000 in the same period of the previous year, indicating a reduction of approximately 41.1%[81]. - The provision for expected credit losses (ECL) for debt investments was HK$29,224,000 for the six months ended September 30, 2024, compared to a reversal of HK$12,033,000 in the previous period[106]. - Total debt investments as of September 30, 2024, were HK$2,787,157,000, a decrease from HK$3,749,489,000 as of March 31, 2024[111]. - The tenure of debt investments ranged from 6 months to 2 years, with interest rates applied between 7.00% to 10.00% per annum[91]. Corporate Governance and Compliance - The Group's compliance with the Corporate Governance Code was confirmed, with no known issues reported[68]. - The Board is not aware of any information indicating non-compliance with the Corporate Governance Code during the reporting period[3]. - Management provided regular verbal reports to Directors, although monthly management accounts were not circulated, which was deemed sufficient for performance assessment[70]. Employee and Management Changes - The Group had 30 employees as of September 30, 2024, a decrease from 32 employees as of March 31, 2024[194]. - Total staff costs for the period amounted to HK$8.41 million, compared to HK$8.71 million for the six months ended 30 September 2023[194]. - Key management personnel compensation increased to HK$985,000 for the six months ended September 30, 2024, compared to HK$905,000 in the same period of 2023, reflecting a growth of approximately 8.8%[153]. - Dr. Liu Zhiwei resigned as an executive director on 9 October 2024[171]. - Mr. Chen Yuming resigned as an independent non-executive director effective 4 September 2024[179]. - Mr. Yang Songbin was appointed as an independent non-executive director and chairman of the audit committee effective 4 September 2024[181]. Investment Disposals - The company completed the disposal of Block AI Company Limited for a consideration of HK$15,000,000 on April 9, 2024[120]. - The total consideration for the disposal of Prestige Power Global Limited (PPG) was HK$865,863,000, completed on September 29, 2023[145]. - The gain on the disposal of PPG was HK$60,000, while the loss on the disposal of another subsidiary was HK$30,010[146]. - The net cash inflow from the disposal of Block AI Company Limited was HK$14,952,000 after accounting for cash and cash equivalents disposed of[121]. - The total liabilities disposed of in the recent transactions amounted to HK$54,278,000[126]. Future Outlook and Risks - The global economic outlook remains uncertain for the rest of 2024 due to changes in international situations affecting major economies[21]. - As of September 30, 2024, there were no plans for material investments or capital assets, but potential negotiations for investments may occur[1]. - The Group did not purchase, sell, or redeem any of its securities during the reporting period[1]. - There were no significant events after the reporting period that would impact the Group's financial position[2]. - The Group's maximum exposure to foreign exchange risk was RMB2,618.19 million, equivalent to HK$2,916.28 million[1]. - The Group held certain financial assets denominated in USD, with minimal exposure to USD foreign exchange risk due to the pegging of HKD to USD[1].

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 何部份內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 WEALTHINK AI-INNOVATION CAPITAL LIMITED 華 科 智 能 投 資 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1140） 截至二零二四年九月三十日止六個月之 未經審核中期業績公告 及 委任非執行董事 華科智能投資有限公司（「華科智能投資」或「本公司」）董事（「董事」）會（「董事 會」）欣然宣佈本公司及其附屬公司（統稱「本集團」）截至二零二四年九月三十日 止六個月（「本期間」）之未經審核簡明業績，連同二零二三年同期之比較數字及特 定說明附註如下。 1 簡明綜合損益及其他全面收益表 截至二零二四年九月三十日止六個月 截至九月三十日止六個月 二零二四年 二零二三年 港幣千元 港幣千元 附註 （未經審核） （未經審核） 營業額 4 249,745 221,641 收益 4 128,897 147,416 其他收入及收益淨額 6 448 84,570 由以下 ...

mod mod FORWARD-LOOKING STATEMENTS This annual report contains certain statements that are forwardlooking or which use certain forward-looking terminologies. These forward-looking statements are based on the current beliefs, assumptions and expectations of the Board of directors of the Company regarding the industry and markets in which it invests. These forward-looking statements are subject to risks, uncertainties and other factors beyond the Company's control which may cause actual results or performance ...

(a) 二零二四年 二零二三年 港幣千元 港幣千元 於二零二三年三月三十一日，對在中國成立之一名第三方提供人民幣41,457,000元（等 值港幣47,344,000元）之無抵押貸款，年利率為8.00%。於二零二三年三月三十一日確 認之沖抵無抵押貸款預期信貸虧損人民幣1,963,000元（等值港幣2,242,000元）乃參考 對手方現時營運分析釐定之估計可收回金額而決定。 | --- | --- | --- | |------------|------------|------------| | | | | | | 二零二四年 | 二零二三年 | | | 港幣千元 | 港幣千元 | | 未發出賬單 | 779 | 1,089 | | --- | --- | --- | --- | |---------------------------------------|-------|-----------------------|---------------------| | | | | | | | | 二零二四年 港幣千元 | 二零二三年 港幣千元 | | 超過 1 年 借款 | | 50 | 50 | | | ...

第三级輸入數據： 資產或負債之不可 4. The Group's policy is to recognise transfers into and transfers out of any of the three levels as of the date of the event or change in circumstances that caused the transfer. 攀科智能投资有限公司/中期報告2023/24 Description Total 第三级 HK$'000 港幣千元 Assets profit or loss FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2023 截至二零二三年九月三十日止六個月 4. Recurring fair value measurements at 30 September 2023 using: | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------- ...

– 4 – 簡 明 綜 合 財 務 報 表 附 註 截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月 1. 編 製 基 準 2. 採 納 新 訂 及 經 修 訂 香 港 財 務 報 告 準 則 於 本 期 間，本 公 司 及 其 附 屬 公 司（統 稱 為「本 集 團」）已 採 納 香 港 會 計 師 公 會 頒 布 的 與 其 營 運 有 關 並 於 二 零 二 三 年 四 月 一 日 開 始 的 會 計 期 間 生 效 的 所 有 新 訂 及 經 修 訂 香 港 財 務 報 告 準 則（「香 港 財 務 報 告 準 則」）。香 港 財 務 報 告 準 則 包 括 香 港 財 務 報 告 準 則 （「香 港 財 務 報 告 準 則」）；香 港 會 計 準 則；及 詮 釋。採 納 該 等 新 訂 及 經 修 訂 香 港 財 務 報 告 準 則 並 無 導 致 本 集 團 之 會 計 政 策、本 集 團 綜 合 財 務 報 表 之 呈 列 以 及 本 期 間 及 過 往 年 度 呈 報 之 金 額 出 現 重 大 變 動。 本 集 團 並 無 應 用 已 頒 布 但 尚 未 生 效 之 新 訂 及 ...

Investment Performance - OPIM is expected to maintain steady growth in the number of funds and overall assets due to the increasing scale of China's private funds in the overseas market[1]. - Wealthking Investments' holdings in Other Private Equity amounted to HK$2,939.02 million as of 31 March 2023, with new investments of HK$679.51 million during the year[1]. - The Group's investment in Jiedaibao Limited has a carrying value of HK$970.52 million, representing 2.49% of the shares issued by Jiedaibao as of 31 March 2023[1]. - The Group's position in the Shidai Linghang Fund was HK$808.30 million as of 31 March 2023, with a total fund scale of RMB2 billion[14]. - The Group's investment in the Specialized and Innovative Fund amounted to HK$444.86 million as of 31 March 2023, with a total fund scale of RMB790 million[16]. - The Group recorded total revenue of HK$192.74 million during the year, representing an increase of 105.20% compared to HK$93.93 million in the same period last year[33]. - The Group achieved a profit for the year of HK$146.38 million, down from HK$221.27 million for the same period last year[33]. - Investments at fair value through profit and loss amounted to HK$6,658.22 million as at 31 March 2023, an increase of 27.60% from HK$5,217.87 million as at 31 March 2022[33]. - Debt investments reached HK$3,367.46 million as at 31 March 2023, a 5.47 times increase from HK$616.09 million as at 31 March 2022[33]. - The Group's position in Nanshan Bonds amounted to HK$975.72 million as at 31 March 2023, with the bonds fully redeemed thereafter[22]. - The Group's investment in associates and joint ventures was valued at HK$921.86 million as at 31 March 2023, an increase of 33.86% from HK$688.65 million as at 31 March 2022[33]. - The Group's net change in unrealised loss on investments at fair value through profit or loss was HK$78.61 million for the current year[33]. - Wealthking Investments' holdings in private equity amounted to HK$4,035.09 million as of March 31, 2023[124]. - The core holding companies of Wealthking Investments, including iCarbonX, CSOP, and OPIM, had a combined value of HK$1,096.07 million as of March 31, 2023[126]. - Wealthking Investments' investment portfolio is concentrated in four main sectors, accounting for 69.64% of total holdings[120]. Financial Metrics - The total interest income from debt instruments was HK$191.40 million, with interest rates ranging from 6% to 9%[8]. - The interest income from debt instruments was lower than the previous year, which was HK$91.11 million[8]. - The Group's bank and cash balances stood at HK$108.36 million as at 31 March 2023, up from HK$86.40 million as at 31 March 2022[33]. - Wealthking Investments' net asset value as of March 31, 2023, was HK$10,010.76 million, or HK$0.95 per share, compared to HK$5,528.24 million and HK$1.36 per share as of March 31, 2022[52]. - The gearing ratio for Wealthking Investments as of March 31, 2023, was 0.14, a decrease from 0.35 on March 31, 2022[52]. - The company made new investments totaling approximately HK$4.908 billion during the fiscal year, with debt investments accounting for about HK$2.858 billion[87]. - The divestment during the year amounted to approximately HK$412.87 million, primarily from listed securities, funds, and private equity investments[99]. Strategic Focus - The Group's investment strategy focuses on sectors such as technology, high-end manufacturing, and emerging industries, aligning with China's "14th Five-Year Plan"[15]. - The company aims to expand its operations in vector control and rural vitalization sectors, which are expected to contribute to medium-term returns[52]. - The company is focusing on investment strategies in technological innovation and expanding its technology-themed investment portfolio[81]. - The company is dedicated to following technological trends to ensure sustainable growth and investment opportunities[68]. - The investment strategy is focused on three pillars: core-holding-centered private equity, portfolio management, and trading, with returns generated from interests, dividends, and capital appreciation[85]. - The company has strengthened its risk management framework to effectively monitor and evaluate investment portfolio risks in a volatile market environment[90]. - The company is focusing on emerging technology fields while continuing to strengthen strategic execution in the technology sector[94]. Market Conditions - The global economic environment has been challenging, with inflation and geopolitical tensions impacting growth[78]. - The overall road machinery market experienced a downturn in 2022, impacting performance metrics[198]. Company Developments - Wealthking Investments made new investments in listed securities and equity investments to enhance capital liquidity during the year[52]. - The company successfully completed four strategic capital increases over the past year, further strengthening its capital base[82]. - As of the end of the fiscal year, the total number of shares issued reached approximately 10.5 billion, with net assets exceeding HKD 10 billion[82]. - The company is committed to fulfilling corporate social responsibilities and responding to national policies to create more value for society and investors[81]. - The company is actively investing in cutting-edge technologies, particularly in cloud computing and big data, to capitalize on AI innovations[68]. - The company recognizes the potential of AI technology to enhance production efficiency across various industries[68]. - The company plans to continue its focus on building AI infrastructure and industrial application portfolios[68]. Specific Investments - The initial investment in Ninth Eternity Asia Fund II LP was HK$803.08 million, with a carrying value of HK$808.30 million as at 31 March 2023[27]. - The cost of Wealthking Investments' initial investment in the Ninth Eternity Asia Fund LP was HK$700 million, with a carrying value of HK$779 million[50]. - Wealthking Investments acquired a 25% equity interest in Treasure Up Ventures Limited, with a carrying value of HK$436.84 million as of March 31, 2023, an increase of HK$42.49 million from HK$394.35 million in the previous year[162]. - Jiedaibao, an internet fintech company, aims to become the largest service platform for individual borrowings and corporate supply chain finance in China, leveraging AI technology and a comprehensive fintech ecosystem[151]. - Jiedaibao has gained significant market share in Mainland China, supported by licenses for online payment, commercial banking, and internet microloans, contributing to its expected medium-term returns[152]. - Dagang Holding is expected to benefit from its market leadership in high-end road equipment and the growth in urban road smart operation and maintenance sectors[52]. - The hazardous waste and solid waste recycling sector's growth momentum is anticipated to positively impact Dagang Holding's performance[52].

WEALTHKING INVESTMENTS LIMITED 華 科 資 本 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1140） 華 科 資 本 有 限 公 司（「華 科 資 本」或「本 公 司」）及 其 附 屬 公 司（統 稱 為「本 集 團」） 董 事 會（「董 事 會」或「董 事」）謹 此 提 呈 本 集 團 截 至 二 零 二 三 年 三 月 三 十 一 日 止 財 政 年 度（「本 年 度」）之 經 審 核 綜 合 業 績，連 同 上 一 個 財 政 年 度 之 比 較 數 字 如 下： | --- | --- | --- | --- | --- | |---------|--------------------------------------------|--------------------------------|--------------|-------| | | | | | | | 附 註 | 二 零 二 三 年 港 幣 千 元 | 二 零 二 二 港 幣 千 | | 年 元 | | 3 | 469,589 | | 271,503 | | | 3 | 192, ...

as 6 LTHKING INVESTMENTS Wealthking Investments Limited 華 科 資 本 有 限 公 司 Stock Code 股份代號 : 1140 Bridging · Integration l 視 Interim Report 中期報告 2022/2023 Contents 目錄 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|------------------------------------------------|-------|-------|-------|-------|------------------------------|-------|-------|-------| | | | | | | | | | | | | 2 | Corporate Information | | | | | 公司資料 | | | | | 5 | Management Discussion and Analysis | | | | | 管理層討論及分析 | | | | ...

华科资本 | --- | --- | --- | --- | |-------|-------|-------|----------------------------------------| | | | | | | | | | wealthking Investments | | | | | 華 科 資 本 有 限 公 司 股份代號: 1140 | | | | | | | | | | | | | | | 融 通 • 滙 聚 | 年 報 2021/2022 目錄 前瞻性陳述 頁碼 | --- | --- | |------------------------------|-------| | • 公司資料 | | | • 主席報告書 | | | • 管理層討論及分析 | | | • 董事及高級管理人員簡歷 | | | • 董事會報告 | | | • 企業管治報告 | | | • 環境、社會及管治報告 | | | • 獨立核數師報告 | | | • 綜合損益及其他全面收益表 | | | • 綜合財務狀況表 | | | • 綜合權益變動表 | | | • 綜合現金流量表 | | | • 綜合財務報表附註 | | ...