Group 1: Market Overview - Morgan Stanley expresses limited confidence in the Hang Seng Index surpassing 24,500 points unless trade tensions and tariff issues quickly ease [1] Group 2: Company News - Zhangli International (01693.HK) signs a global GPU computing power leasing agreement [1] - Stone Four Pharmaceutical Group (02005.HK) announces that its caffeine has obtained EU CEP certification [1] - Zhongjia Guoxin (00899.HK) issues a profit warning, expecting a net loss of no less than 450 million HKD for the year [1] - Comprehensive Environmental Group (00923.HK) issues a profit warning, anticipating a 650% increase in annual loss attributable to shareholders [1] - China Port Energy (00931.HK) issues a profit warning, expecting a loss attributable to shareholders of 100 to 120 million HKD for the year [1] - Xie Ruilin (00417.HK) issues a profit warning, expecting a narrowing of annual loss attributable to shareholders to no more than 200 million HKD [1] - Hezhima Intelligent (02533.HK) plans to acquire an AI chip company to enhance its smart automotive and robotics industry chain [1] - Cathay Haitong (02611.HK) receives approval from the China Securities Regulatory Commission to publicly issue up to 15 billion HKD in bonds for technology innovation companies [2] - Jiachuang Real Estate (02421.HK) issues a profit warning, expecting a 50% year-on-year decline in profit attributable to shareholders [2] - China Investment Financing (01226.HK) reports an annual performance with a loss attributable to shareholders of 5.475 million HKD, narrowing by 85.5% year-on-year [2] - Hong Kong Industrial International (00480.HK) announces annual results with a loss attributable to shareholders of 786 million HKD, widening by 67.95% year-on-year [2]

Financial Performance - Total revenue for the year ended March 31, 2025, was HKD 6,538,000, an increase of 22.9% from HKD 5,318,000 in the previous year[4] - The net loss before tax for the year was HKD 5,475,000, a significant improvement compared to a loss of HKD 37,769,000 in the previous year, representing a reduction of 85.5%[4] - Basic and diluted loss per share improved to HKD 1.33 from HKD 9.15, reflecting a substantial decrease in losses[4] - The company reported a pre-tax loss of HKD 5,475,000 for 2025, a decrease from a loss of HKD 37,769,000 in 2024[27] - The net loss attributable to the company's owners was approximately HKD 5.5 million, a significant reduction from last year's loss of approximately HKD 37.8 million[31] Revenue and Income - The total proceeds from the sale of listed securities amounted to HKD 16,402,000, down 44.2% from HKD 29,770,000 in the previous year[4] - The interest income from debt investments measured at amortized cost increased to HKD 5,372,000 in 2025 from HKD 3,702,000 in 2024, representing a growth of 45.1%[18] - The group recorded total proceeds from the sale of listed equity securities of approximately HKD 16.4 million, a decrease of about 44.9% compared to last year's HKD 29.8 million[31] Assets and Liabilities - Non-current assets decreased to HKD 22,657,000 from HKD 39,121,000, a decline of 42.0%[5] - Current assets increased to HKD 138,086,000 from HKD 129,166,000, an increase of 6.9%[5] - The net asset value decreased to HKD 153,387,000 from HKD 158,862,000, a decline of 3.0%[5] - The group's audited consolidated net asset value as of March 31, 2025, was approximately HKD 153.4 million, down from HKD 158.9 million in 2024[31] - The group's debt-to-equity ratio was 4.3% as of March 31, 2025, compared to 3.9% in 2024, reflecting a low leverage level[60] Investments - The company reported a net unrealized loss of HKD 3,185,000 from listed equity investments, compared to a gain of HKD 13,201,000 in the previous year[4] - The fair value of listed equity investments in Hong Kong decreased to HKD 99,604,000 in 2025 from HKD 104,196,000 in 2024[28] - The group's investment portfolio was valued at approximately HKD 148.3 million, consisting of listed and unlisted securities and bonds[33] - Major investments included equity investments in Hui Long Holdings Limited valued at HKD 21.4 million (13.3% of total assets) and bond investments in Jin Hui Hong Kong Limited valued at HKD 17.3 million (10.8% of total assets)[34] Expenses - Administrative expenses decreased to HKD 5,941,000 from HKD 7,141,000, a reduction of 16.8%[4] - The total employee cost for the year was approximately HKD 400,000, a decrease from HKD 700,000 in 2024, primarily due to salary reductions for several employees[64] Dividends and Shareholder Returns - The company did not declare or propose any dividends for the year ending March 31, 2025, consistent with 2024[26] - The board does not recommend the payment of a final dividend for the year[58] Market Conditions and Strategy - The company plans to review its asset structure and business strategy to adapt to economic uncertainties and enhance competitiveness in the scaffolding business[37] - The group anticipates continued challenges and uncertainties in the global market, particularly in developed economies facing high inflation, while maintaining a focus on investment opportunities within the acceptable risk range in the Chinese economy[57] Other Information - The company has not reported any income tax credits for the year, maintaining a consistent tax position[4] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the year[63] - The group did not engage in any share buybacks, purchases, or sales of its own shares during the year[68]

6月17日，截至港股收盘，恒生指数下跌0.34%，报23980.3点。中国投融资（01226.HK）收报0.98港元/ 股，上涨12.64%，成交量72万股，成交额68.44万港元，振幅16.09%。 最近一个月来，中国投融资累计跌幅4.4%，今年来累计跌幅34.59%，跑输恒生指数19.95%的涨幅。 财务数据显示，截至2024年9月30日，中国投融资实现营业总收入299.21万元，同比增长24.36%；归母 净利润-628.19万元，同比增长74.85%；资产负债率4.57%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 资料显示，中国投融资集团有限公司是一家主要从事证券买卖业务的香港投资控股公司。该公司的投资 目标是通过在中国大陆投资上市或非上市企业,以实现资本增值或获取利息及股息。该公司的主要子公 司包括贺安投资有限公司、嘉禹顾问有限公司、中投融投资有限公司、新通投资有限公司Jetland Global Investments Limited。 大事提醒 2025年6月18日，披露2024财年年报 （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。） 本文源自：金 ...

开源证券此前发布研报称，全球军事力量再平衡将给资本市场带来更多的不确定性，资产的"地缘风险 溢价"或导致军工股避险属性的估值重估。军工股延续近期强势，中航科工(02357)涨超9%，中船防务 (00317)涨超6%。 鸿腾精密(06088)涨5.85%， 一季度收入同比增长14%，AI基建带动网络基础设施业务高增长。 中国投融资(01226)一度飙涨1.5倍，早晨收盘涨超30%。公司探讨配售10亿港元新股，拟委任李小加为 新董事。 小米集团-W(01810)一度跌超3%，公司再陷入舆论漩涡，报道称众多车主要求退车。 黄金股全线走低，关税及地缘冲突缓和，国际金价明显承压。灵宝黄金(03330)跌6%；山东黄金(01787) 跌2.97%。 医药股全线重挫，特朗普宣布将强制要求美国药品降价，现有药价体系将被颠覆。医药股全线重挫，康 诺亚-B(02162)跌4.76%；诺诚健华(09969)跌2.8%。 中美贸易谈判有进展，港股苹果概念股拉升，舜宇光学科技（02382）涨超10%，瑞声科技（02018）涨 9%，丘钛科技（01478）涨超7%，高伟电子（01415）涨超5%、比亚迪电子（00285）涨超5%。 中美 ...

【重大事项】 晋安实业(02292)获控股股东溢价约30%提私有化 5月12日复牌 晶泰控股(02228)拟2.5亿元收购上海四维医学90%的股权，打造人工智能赋能的远程心电诊断平台 中国投融资(01226)：股价不寻常变动，公司现正与MCHKI联络，探讨若干潜在企业活动 丘钛科技(01478)4月摄像头模组销售数量合计3322.9万件，环比增加8.4%，同比减少20.1% 石药集团(01093)：SYH2046片获美国临床试验批准 复星医药(02196)附属菌济健康获美国 FDA 药品临床试验批准 荣昌生物(09995)：爱地希®用于治疗HER2阳性且存在肝转移的晚期乳腺癌在中国获批上市 丽珠医药(01513)：注射用阿立哌唑微球获批上市 加科思-B(01167)：SHP2抑制剂SITNEPROTAFIB联用研究数据发表于学术期刊 翰森制药(03692)：阿美乐®(甲磺酸阿美替尼片)第四项适应症获国家药品监督管理局签发药品注册证书 中达集团控股(00139)投资的GIBO于纳斯达克成功上市 【回购/增减持】 中国宏桥(01378)5月9日斥资2.73亿港元回购1966.7万股 友邦保险(01299)5月9日 ...

智通财经APP获悉，截止5月9日收盘，有47只股票创52周新高，其中中国碳中和(01372)、中国投融资 (01226)、梧桐国际(00613)创高率位于前3位，分别为48.89%、33.33%、27.14%。 52周新高排行 | 嘉里建设(00683) | 19.560 | 19.560 | 0.62% | | --- | --- | --- | --- | | 东软睿新集团(09616) | 3.410 | 3.440 | 0.58% | | 大唐发电(00991) | 1.900 | 1.950 | 0.52% | | 郑煤机(00564) | 13.540 | 13.620 | 0.44% | | 浙商银行(02016) | 2.660 | 2.660 | 0.38% | | 金朝阳集团(00878) | 8.220 | 8.260 | 0.24% | | 北京控股(00392) | 32.400 | 32.550 | 0.15% | | Ａ工银中金美－Ｕ (09011) | 1,183.100 | 1,183 | 0.06% | | Ａ中金港元(03071) | 1,118.800 | 1,118 ...

Financial Performance - For the six months ended September 30, 2024, the Group recorded gross proceeds from the disposal of securities of approximately HK$11.0 million, down from approximately HK$15.9 million for the same period in 2023, representing a decrease of about 30.6%[6] - Revenue increased from approximately HK$2.7 million for the six months ended September 30, 2023, to approximately HK$3.3 million for the current period, reflecting an increase of approximately 24.4%[6] - Loss attributable to owners decreased from approximately HK$27.7 million for the six months ended September 30, 2023, to approximately HK$7.0 million for the current period[6] - The Group reported a net realized loss on disposal of equity instruments of HK$675,000, compared to HK$4,958,000 in the previous year, indicating an improvement[98] - The Group reported a loss attributable to shareholders of approximately HK$6,966,000 for the six months ended September 30, 2024, compared to a loss of approximately HK$27,695,000 in 2023, indicating a significant improvement[117] Asset Management - The unaudited consolidated net assets of the Group as of September 30, 2024, amounted to approximately HK$151.9 million, down from approximately HK$158.9 million as of March 31, 2024[6] - The net asset value per share was approximately HK$0.37 as of September 30, 2024, compared to approximately HK$0.39 as of March 31, 2024[7] - The Group's investment portfolio value is approximately HK$151.8 million, primarily consisting of unlisted equity securities, unlisted debt securities, and listed equity securities in Hong Kong and China[12] - The Group's cash and cash equivalents decreased to approximately HK$1.0 million as of September 30, 2024, compared to approximately HK$7.1 million as of March 31, 2024[72] - The Group's gearing ratio increased to 4.5% as of September 30, 2024, from 3.9% as of March 31, 2024, indicating a slight increase in leverage[72] Investment Strategy - The Group aims to manage its investment portfolio prudently amidst high geopolitical risks and uncertainties in the global market[63] - The Group will continue to explore investment opportunities that offer outstanding returns under acceptable risk levels[64] - Minerva Group recognizes the potential in the healthcare sector and will actively pursue investments aligned with its strategic objectives[18] - The Group's investments include HK$98.6 million in listed equities, HK$46.9 million in debt investments, and HK$6.3 million in direct investments in unlisted equities[10] - The Group's loss on listed investments for the period was approximately HK$6.3 million, including net realised and unrealised losses[52] Operational Insights - The Group's operations are solely based in Hong Kong, with all revenue derived from this region[111] - The Group's activities are primarily focused on investment holding, with no significant changes in accounting policies reported for the current period[110] - The Group retained eleven employees as of September 30, 2024, consistent with the previous year[74] - Total staff costs for the six months ended September 30, 2024, were approximately HK$0.2 million, a decrease from approximately HK$0.5 million in the same period of 2023[74] - The Group did not have any significant acquisitions or disposals of subsidiaries during the six months ended September 30, 2024[72] Governance and Compliance - The Company confirmed compliance with the public float requirement of the Listing Rules for the six months ended 30 September 2024[87] - The Company has complied with the Code on Corporate Governance Practices throughout the six months ended 30 September 2024, with deviations from Provision C.2.1[88] - The roles of the Chairman and the Chief Executive Officer are currently being separated, with the Board in the process of finding an appropriate person to fill these positions[89] - Related party transactions were conducted on normal commercial terms during the six months ended September 30, 2024 and 2023[135] - The financial statements for the six months ended 30 September 2024 are unaudited[137] Future Outlook - The management believes that revenue growth and value creation from investments in Minerva Group are expected in the coming years[19] - WLS Holdings Limited anticipates that geopolitical tensions and the effects of monetary tightening will continue to impact Hong Kong's economic growth in 2024[20] - WLS Group will maintain its focus on scaffolding, fitting out, and auxiliary services for construction, as well as money lending and securities investment[20] - WLS Group aims to explore suitable investment opportunities to diversify its business horizons and strengthen overall development[29] - The company plans to continue expanding into corporate and individual loans through its wholly-owned subsidiaries, E Cash Fintech Limited and E Finance Limited[15]

Financial Performance - Total revenue for the six months ended September 30, 2024, was HKD 3,318,000, an increase of 24.4% compared to HKD 2,668,000 for the same period in 2023[1] - The net loss attributable to shareholders for the period was HKD 6,966,000, a significant improvement from a net loss of HKD 27,695,000 in the previous year[1] - The company reported a realized loss of HKD 675,000 from the sale of equity instruments measured at fair value through profit or loss, compared to a loss of HKD 4,958,000 in the prior year[1] - Revenue increased from approximately HKD 2,700,000 for the six months ended September 30, 2023, to approximately HKD 3,300,000 for the same period in 2024, representing a growth of approximately 24.4%[43] - Loss attributable to owners decreased from approximately HKD 27,700,000 for the six months ended September 30, 2023, to approximately HKD 7,000,000 for the same period in 2024[43] Assets and Liabilities - The total assets as of September 30, 2024, were HKD 151,896,000, a decrease from HKD 158,862,000 as of March 31, 2024[8] - The net asset value per share decreased to HKD 0.37 from HKD 0.39 in the previous period[11] - The company's cash and cash equivalents amount to approximately HKD 1,000,000 as of September 30, 2024, a decrease from approximately HKD 7,100,000 as of March 31, 2024[74] - The group's debt-to-equity ratio stands at 4.5% as of September 30, 2024, compared to 3.9% as of March 31, 2024, indicating a slight increase[76] - The group has no significant contingent liabilities as of September 30, 2024[79] Investments - The fair value of listed equity investments in Hong Kong as of September 30, 2024, is HKD 98,667,000, down from HKD 104,196,000 as of March 31, 2024[30] - The total fair value of debt investments as of September 30, 2024, is HKD 13,271,000, with a significant investment in China 333 Media Group Limited valued at HKD 13,271,000[30] - The group's investment portfolio value was approximately HKD 151,800,000, primarily consisting of unlisted equity securities, unlisted debt securities, and listed equity securities[45] - Significant investments included equity investments in Ying Group Holdings Limited (fair value HKD 15.4 million, 9.7% of total assets) and Hui Long Holdings Limited (fair value HKD 14.3 million, 9.0% of total assets)[47] - The group has approximately HKD 98,600,000 in highly liquid listed securities as of September 30, 2024[74] Operating Expenses - Operating expenses for the period included total employee costs of HKD 208,000, down from HKD 476,000 in the previous year[25] - The company incurred management fees of HKD 360,000 for the six months ended September 30, 2024, consistent with the previous year[37] Dividends and Shareholder Returns - The company did not declare any dividends for the six months ended September 30, 2024, consistent with the previous year[27] - The company has not proposed any interim dividend for the six months ending September 30, 2024, compared to no dividend in the same period of 2023[71] Business Strategy and Future Outlook - The group plans to continue expanding its lending business through its wholly-owned subsidiaries, focusing on risk management strategies to balance long-term risks and returns[50] - The group recognizes the potential of the healthcare sector and aims to explore investment opportunities within this industry to create sustainable returns[51] - 汇隆集团计划在2024/2025年度检讨资产结构和业务策略，以应对经济不稳定性[54] - 汇隆集团将继续专注于高利润率及具发展潜力的业务分部，如借贷业务[54] - 汇隆集团将积极探索适宜的投资机会，以推动业务整体发展[55] Management and Governance - The board is actively seeking suitable candidates to fill the vacancies of the chairman and CEO roles, which should be separated as per governance guidelines[81] Miscellaneous - The company has not engaged in any significant acquisitions or disposals of subsidiaries during the six months ending September 30, 2024[75] - The company has no specific plans for significant investments or capital assets as of the announcement date[70] - The company has not entered into any foreign currency hedging contracts during the period[78]

Financial Performance - The Group's net loss decreased from approximately HK$41.2 million for the year ended March 31, 2023, to approximately HK$37.8 million for the year ended March 31, 2024[14]. - Interest income increased from approximately HK$3.5 million last year to approximately HK$5.1 million this year, contributing to the reduction in net loss[14]. - Revenue increased by approximately 48.1% to approximately HK$5.3 million from approximately HK$3.6 million last year[17]. - The audited consolidated net assets of the Group as of March 31, 2024, amounted to approximately HK$158.9 million, down from approximately HK$196.6 million in 2023[17]. - The net asset per share decreased to approximately HK$0.39 from approximately HK$0.48 in the previous year[17]. - The Group recorded a net loss on listed investments of approximately HK$32.2 million for the year, compared to a net loss of approximately HK$30.7 million last year[14]. - Impairment loss related to expected credit loss assessment increased to approximately HK$2.7 million from approximately HK$1.2 million last year[14]. - Administrative expenses decreased from approximately HK$9.9 million last year to approximately HK$7.1 million this year[14]. - The Group's cash and cash equivalents have decreased to HK$7,112,000 from HK$27,585,000, indicating a decline of approximately 74.2%[105]. - Total equity decreased to HK$158,862,000 in 2024 from HK$196,631,000 in 2023, representing a decline of approximately 19.2%[124]. Investment Portfolio - The Group's investment portfolio was valued at approximately HK$155.3 million as of March 31, 2024, comprising listed and unlisted securities and bonds[24]. - Significant investments include equity investments in WLS Holdings Limited (fair value HK$13.2 million, 7.8% of total assets), Minerva Group Holding Limited (fair value HK$15.6 million, 9.3% of total assets), and bonds investments in Hao Wen Holdings Limited (fair value HK$17.2 million, 10.2% of total assets)[35]. - The Group's investment portfolio as of March 31, 2024, is valued at approximately HK$155.3 million, comprising unlisted securities, listed securities, and bonds investments in Hong Kong and China[76]. - The Group plans to invest in certain unlisted securities, listed securities, and fixed income products to further diversify market risk[112]. - The Group is exploring the adoption of mixed scaffolds and metal scaffolds in response to market demand, indicating a strategic shift in business direction[75]. Economic Outlook - The Hong Kong economy is expected to grow more slowly than previously anticipated in 2023 and 2024 due to uncertainties in China's economy and high interest rates, leading to a decline in the Hong Kong property market[37]. - The Hong Kong Government revised its economic growth forecast for 2023 down to 3.2% from a previous estimate of 4% to 5%[51]. - For 2024, Minerva maintains an optimistic outlook for the Hong Kong economy, anticipating a gradual recovery as global economic stability is achieved[52]. - The Directors anticipate that the global market will continue to face challenges and uncertainties, particularly in the context of high inflation and potential recession[111]. Corporate Governance - The Group's compliance with the Corporate Governance Code was maintained throughout the year, with some deviations noted[170]. - The audit committee reviewed the consolidated results for the year ended March 31, 2024, focusing on accounting principles and practices[153]. - The Group has adhered to the corporate governance code as per the Stock Exchange listing rules, with a noted deviation from rule C.2.1[195]. - The audit committee consists of three independent non-executive directors: Mr. Han Liang, Mr. Luk Simon, and Ms. Liu Xiaoyin[197]. Human Resources - The total number of employees remains stable at 17, with a turnover rate of 0%[132]. - The employee distribution includes 11 males and 6 females, with all employees being full-time[133]. - The company maintains a zero employee turnover rate across all categories, including gender and employment type[134]. - The recruitment and promotion processes are conducted fairly and openly, ensuring compliance with statutory requirements[136]. - The company emphasizes equal opportunity and diversity in its employment policy, with a commitment to a respectful workplace[138]. - The Group has implemented a staff training management system to enhance employee development and competitiveness[192]. - The Group has encouraged participation in external programs for continuous professional development and skillset enhancement[193]. Strategic Direction - WLS is reviewing its asset structure and business strategies to consolidate resources and adapt to future uncertainties, while adhering to strict cost control policies[40]. - WLS plans to actively explore suitable investment opportunities to diversify its business and align with the Hong Kong Government's strategic development plans for property construction and infrastructure investment[41]. - The scaffolding industry faces challenges due to rising labor costs, declining productivity, and an aging workforce, leading to a lack of confidence in its future prospects[32]. - The shift towards metal scaffolding over bamboo scaffolding is expected to dominate the market due to its durability and reduced training time for workers[39]. Financial Health - The Group's amounts due to brokers increased to approximately HK$6.2 million as of March 31, 2024, compared to approximately HK$5.0 million in 2023[114]. - The debt-to-equity ratio is 3.9%, indicating a very low leverage level compared to 2.6% in 2023[119]. - The total gross amount of debt investments measured at amortised cost is approximately HK$54,468,000, with an accumulated impairment provision of approximately HK$9,651,000 as of March 31, 2024[90]. - The Group held listed securities valued at approximately HK$104.2 million as of March 31, 2024, down from approximately HK$132.5 million in 2023, which is around 16.8 times the amounts due to brokers[114]. - The unrealized loss for the year was approximately HK$43.9 million, primarily attributed to specific stocks, with no other stocks generating unrealized gains over HK$3.0 million[110]. Losses and Dividends - As of March 31, 2024, the Group reported accumulated losses of HK$927,087,000, an increase from HK$889,318,000 as of March 31, 2023, reflecting a loss of HK$37,769,000 for the year[107]. - The Company does not recommend a payment of final dividend for the year[113]. - Total staff costs for the year were approximately HK$0.7 million, significantly reduced from approximately HK$4.2 million in 2023, primarily due to the absence of share-based payments this year[163].

Financial Performance - Total revenue for the year ended March 31, 2024, was HKD 5,318,000, an increase of 48% from HKD 3,592,000 in the previous year[5] - The total proceeds from the sale of listed securities amounted to HKD 29,770,000, a significant decrease of 83% compared to HKD 177,729,000 in the prior year[5] - The net loss before tax for the year was HKD 37,769,000, an improvement of 8% from a loss of HKD 41,152,000 in the previous year[5] - Basic and diluted loss per share for the year was HKD 9.15, compared to HKD 10.92 in the previous year, indicating a reduction in loss per share[5] - The group recorded total proceeds from the sale of securities of approximately HKD 29.8 million, a decrease of about 83.2% compared to approximately HKD 177.7 million last year[32] - The group achieved revenue of approximately HKD 5.3 million, an increase of about 48.1% from approximately HKD 3.6 million last year[32] - The net loss attributable to the company's owners was approximately HKD 37.8 million, down from approximately HKD 41.2 million last year[32] Assets and Equity - Non-current assets totaled HKD 39,121,000, an increase of 64% from HKD 23,834,000 in the previous year[7] - Current assets decreased to HKD 129,166,000 from HKD 180,661,000, reflecting a decline of 29%[7] - Cash and cash equivalents dropped significantly to HKD 7,112,000 from HKD 27,585,000, a decrease of 74%[7] - Total equity decreased to HKD 158,862,000 from HKD 196,631,000, a decline of 19%[7] - The group's audited net asset value as of March 31, 2024, was approximately HKD 158.9 million, compared to approximately HKD 196.6 million last year[32] - The net asset value per share was HKD 0.39 as of March 31, 2024, down from HKD 0.48 in 2023[61] Investments - As of March 31, 2024, the group's investment portfolio is valued at approximately HKD 155.3 million, comprising direct investments in unlisted equity securities, listed company bonds, and unlisted company bonds[35] - The group's significant investments include equity investments in Huilong Holdings Limited (HKD 13.2 million, 7.8% of total assets) and Ying Group Holdings Limited (HKD 15.6 million, 9.3% of total assets) as well as bond investments in Haowen Holdings Limited (HKD 17.2 million, 10.2% of total assets)[36] - The group incurred a loss of approximately HKD 32.2 million from listed investments, with realized losses of approximately HKD 45.7 million and unrealized gains of approximately HKD 13.2 million[49] Operational Highlights - The group’s main business remains investment holding and trading of securities, with no new strategic initiatives or product developments mentioned in the report[9] - The group did not declare or recommend any dividends for the year ended March 31, 2024, consistent with the previous year[26] - The group did not engage in any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the fiscal year ending March 31, 2024[63] - The group employed 11 staff members as of March 31, 2024, with total employee costs approximately HKD 700,000, a significant decrease from HKD 4,200,000 in 2023[64] Financial Management and Strategy - The company has not applied any new accounting standards that are not yet effective, indicating stability in accounting practices for the foreseeable future[16] - The group emphasizes strict cost control policies and rapid adjustments to business strategies in response to market changes to enhance shareholder returns[38] - Ying Group is reassessing its financial strategies to mitigate potential impacts from changing interest rates and global economic conditions[41] Market Outlook - For 2024, Ying Group maintains an optimistic outlook for the Hong Kong economy, anticipating gradual recovery as global economic stability is expected to improve[44] - The group plans to closely monitor the performance of Huilong and Ying Group, adjusting investment strategies as necessary to respond to market dynamics[40][44] - Huilong is reviewing its asset structure and business strategy to adapt to the uncertain economic environment in Hong Kong[38] Compliance and Governance - The company complied with the corporate governance code but deviated from the requirement that the roles of chairman and CEO should be separate[69] - The audit committee reviewed the group's consolidated performance for the year ending March 31, 2024, including accounting principles and risk management[70] - The audit committee consists of three independent non-executive directors[71] - The preliminary performance data for the year ending March 31, 2024, was confirmed by the group's auditor, but no assurance opinion was issued[72] - The annual report for 2023/2024 will be sent to shareholders and published on the stock exchange and the company's website[74]