Group 1 - The company, Jin Yong Investment (01328), announced a share buyback plan, spending approximately HKD 1.662 million to repurchase 175,000 shares [1]

Group 1 - The company, Jin Yong Investment (01328), announced a share buyback plan, intending to repurchase approximately 175,000 shares at a cost of about HKD 1.662 million [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 金涌投資有限公司 呈交日期： 2025年8月28日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 01328 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | | 事件 | 已發行股份（不包括庫存 ...

Core Viewpoint - King Yung Investment (01328) reported a revenue of HKD 45.278 million for the six months ending June 30, 2025, representing a year-on-year increase of 2.25%. However, the profit attributable to shareholders decreased by 38.48% to HKD 29.341 million, with basic earnings per share at HKD 0.1143 [1] Financial Performance - Revenue for the period was HKD 45.278 million, up 2.25% year-on-year [1] - Profit attributable to shareholders was HKD 29.341 million, down 38.48% year-on-year [1] - Basic earnings per share were HKD 0.1143 [1] Factors Influencing Profit - The decrease in profit was primarily due to the absence of one-time loan interest income of approximately HKD 17.406 million from a subsidiary for the six months ending June 30, 2024, as the related loan was fully repaid in November 2024 [1] - There was an increase in fair value gains on financial assets and liabilities under the SDI segment, while strategic investments under the same segment saw a decrease in fair value gains [1] - Consulting fee income increased, but total expenses also rose, impacting net results [1]

Core Viewpoint - King Yung Investment (01328) reported a revenue of HKD 45.278 million for the six months ending June 30, 2025, representing a year-on-year increase of 2.25%. However, the profit attributable to shareholders decreased by 38.48% to HKD 29.341 million, with basic earnings per share at HKD 0.1143 [1]. Financial Performance - Revenue for the period was HKD 45.278 million, up 2.25% year-on-year [1]. - Profit attributable to shareholders was HKD 29.341 million, down 38.48% year-on-year [1]. - Basic earnings per share were reported at HKD 0.1143 [1]. Factors Influencing Profit - The decrease in profit was primarily due to the absence of one-time loan interest income of approximately HKD 17.406 million from a subsidiary for the six months ending June 30, 2024, as the related loan was fully repaid in November 2024 [1]. - There was an increase in fair value gains on financial assets and liabilities under the SDI segment, but a decrease in fair value gains from strategic investments under the same segment [1]. - Consulting fee income increased, but total expenses also rose, impacting overall profitability [1].

Core Insights - The company, Jin Yong Investment (01328.HK), reported total investment management (IM) service revenue of approximately HKD 11.642 million for the six months ending June 30, 2025, representing an increase of about HKD 0.4 million compared to the same period last year [1] - The profit attributable to the company's owners was approximately HKD 29.341 million, while the profit for the same period last year was approximately HKD 47.695 million, indicating a decline in profitability [1] Financial Performance - Total IM service revenue for the reported period was approximately HKD 11.642 million, up by approximately HKD 0.4 million year-on-year [1] - Profit attributable to owners decreased to approximately HKD 29.341 million from approximately HKD 47.695 million in the previous year [1]

Financial Performance - For the six months ended June 30, 2025, investment management (IM) service revenue totaled approximately HKD 11,642,000, an increase of 3.6% from HKD 11,242,000 for the same period in 2024[2] - The net profit attributable to the company's owners for the six months ended June 30, 2025, was approximately HKD 29,341,000, representing a decrease of 38.5% from HKD 47,695,000 in the same period of 2024[3] - Adjusted profit before tax (excluding one-off loan interest income) for the six months ended June 30, 2025, was approximately HKD 35,710,000, an increase of 10.7% from HKD 32,261,000 in the prior period[3] - The total operating expenses for the six months ended June 30, 2025, increased by 9.1% to HKD 18,083,000 from HKD 16,571,000 in the same period of 2024[3] - The basic earnings per share for the six months ended June 30, 2025, were HKD 0.1143, down from HKD 0.2007 in the same period of 2024[2] - The operating profit for the six months ended June 30, 2025, was HKD 29,785,000, down from HKD 48,016,000 in the previous year, representing a decline of 38.0%[34] - Profit before tax decreased by approximately 28.1% to about HKD 35,710,000, compared to HKD 49,667,000 in the same period last year[15] - The company reported a significant increase in employee benefits expenses, totaling HKD 10,642,000 for the six months ended June 30, 2025, compared to HKD 7,959,000 in the same period of 2024[73] Investment Performance - The fair value gains from direct investments under the SDI segment amounted to approximately HKD 23,538,000, a significant increase of 2,470.4% compared to a fair value loss of HKD 993,000 in the prior period[3] - The net fair value gains from strategic investments decreased by 82.1% to HKD 5,902,000 from HKD 32,924,000 in the prior period[3] - Direct investment gains rose from a loss of approximately HKD 993,000 in the previous year to gains of approximately HKD 23,538,000, while strategic investment gains decreased by 82.1% to approximately HKD 5,902,000[12] - The company’s direct investment dividend income for the six months ended June 30, 2025, was HKD 986,000, compared to HKD 811,000 for the same period in 2024, showing an increase of approximately 21.6%[94] Assets and Liabilities - The company's assets under management (AUM) increased by 3.3% to USD 470 million as of June 30, 2025, compared to USD 455 million as of December 31, 2024[3] - As of June 30, 2025, the company's total equity was approximately HKD 999,632,000, with a total issued share count of 256,635,944 shares[32] - The company’s total liabilities decreased to HKD 47,111,000 as of June 30, 2025, from HKD 73,743,000 as of December 31, 2024[36] - The total carrying value of investments in associates increased to HKD 307,047,000 as of June 30, 2025, from HKD 263,991,000 as of December 31, 2024, reflecting a growth of approximately 16.3%[97] Revenue Sources - Consulting fee revenue for the six months ended June 30, 2025, was approximately HKD 2,964,000, with no revenue reported in the prior period[3] - Revenue from two major customers accounted for over 10% of total revenue, with Customer One contributing HKD 6,481,000 and Customer Two contributing HKD 2,594,000 for the six months ended June 30, 2025[71] - The IM business generated revenue of HKD 11,642,000, while the SDI business contributed HKD 33,636,000 for the six months ended June 30, 2025[64] Future Outlook - The company anticipates continued business expansion and value creation for investors in the future[5] - The company expects to expand its customer base and revenue sources through the development of new products tailored to global investor needs[28] - The company aims to enhance operational efficiency and market image through strategic partnerships and has made cornerstone investments in promising companies like Lens Technology[27] Shareholder Actions - The company completed a share repurchase of 149,000 ordinary shares for approximately HKD 1,513,000 post-reporting period[30] - The company did not declare an interim dividend for the six months ended June 30, 2025, consistent with the previous year[78] - The board does not recommend any interim dividend for the six months ended June 30, 2025, consistent with the previous year[130] Financial Management - The company has implemented strict cost control measures and revised long-term business development strategies, showing initial positive results[20] - The company’s cash flow management policy includes regular monitoring of cash flow needs to ensure sufficient cash reserves[48] - The company recorded a net fair value gain of HKD 29,440,000 from financial assets and liabilities for the SDI business for the six months ended June 30, 2025[64] Compliance and Governance - The audit committee has reviewed the group's unaudited consolidated interim financial information for the six months ended June 30, 2025, and found no objections to the accounting policies adopted[136] - The company has not adopted any new standards that would have a significant impact on its financial statements as of January 1, 2025[42]

Core Insights - The establishment of the "Hong Kong Digital Asset Listed Companies Association" marks a significant step in promoting digital assets in Hong Kong, with participation from over 80 listed companies and financial institutions [1][2] - The Hong Kong government is committed to fostering innovation in financial technology, with over 1,100 fintech companies operating in the region and a 15% annual growth rate [1][2] Group 1: Government Initiatives - The Hong Kong government plans to regularize the issuance of green bonds and explore tokenization applications in various sectors, including renewable energy [2] - A funding program has been launched to support projects with commercial potential, offering up to HKD 500,000 for tokenization certification and commercialization [2] Group 2: Participating Companies - A list of participating companies includes notable H-shares such as Guofu Quantum, China New Economy Investment, and Huya Capital, among others [3] - A-share participants include Zhaoxin Co. and Jingbeifang, while US-listed companies include Galaxy Digital and Amber [4]

Core Viewpoint - Guofu Quantum (00290.HK) has signed a strategic cooperation framework memorandum with Jinyong Investment (01328.HK) to explore potential synergies in the capital markets sector, focusing on RWA tokenization products and digital asset services [1] Group 1: Strategic Cooperation - The memorandum aims to explore collaboration opportunities in capital markets, including RWA tokenization product design and issuance, quality RWA project investment allocation, and digital asset trading and asset management services [1] - The strategic cooperation is seen as a way to diversify the company's revenue sources and align with the overall interests of the company and its shareholders [1] Group 2: Company Positioning - The company positions itself as a cross-border investment platform based in Hong Kong, leveraging the Greater Bay Area and targeting international markets [1] - The company is actively investing in the quantum technology industry and exploring multidimensional layouts in this field as part of its innovation-driven strategy [1]

Core Viewpoint - The company, Jinyong Investment (01328), has signed a strategic cooperation framework agreement memorandum with Guofu Quantum (00290) on August 26, 2025, due to their strong relationship and potential strategic synergies [1] Group 1: Strategic Cooperation - The agreement aims to explore friendly cooperation in the capital market, including but not limited to RWA tokenization product design and issuance, investment allocation in quality RWA projects, and digital asset trading and asset management services [1] - The board believes that the cooperation under the strategic cooperation agreement, if realized, represents an opportunity for the company to diversify its revenue sources [1] - The establishment of the strategic cooperation agreement aligns with the overall interests of the company and its shareholders [1]