Interim Report 中期報告 2024/25 BOARD OF DIRECTORS Executive Directors Mr. Kong Fanpeng Mr. Chan Cheong Yee Independent Non-executive Directors Ms. Lai Fun Yin Mr. Cheung Wai Kin Ms. Luo Yanling AUDIT COMMITTEE Mr. Cheung Wai Kin (Chairman) Ms. Lai Fun Yin Ms. Luo Yanling REMUNERATION COMMITTEE Mr. Cheung Wai Kin (Chairman) Ms. Lai Fun Yin Ms. Luo Yanling NOMINATION COMMITTEE Mr. Cheung Wai Kin (Chairman) Ms. Lai Fun Yin Ms. Luo Yanling COMPANY SECRETARY Ms. Chan Yuet Ching AUTHORISED REPRESENTATIVES Mr. Chan C ...

Financial Performance - For the six months ended March 31, 2025, the company reported a revenue of HKD 48,513,038, a significant decrease from HKD 278,058 in the same period last year[5] - The operating loss for the period was HKD 5,348,755, compared to an operating profit of HKD 21,414,362 in the previous year[5] - The loss before tax amounted to HKD 7,230,443, a decline from a profit of HKD 18,179,019 in the prior year[5] - The company reported a basic and diluted loss per share of HKD 1.61, compared to earnings of HKD 4.38 in the same period last year[5] - For the six months ended March 31, 2025, the net loss from financial assets measured at fair value through profit or loss was HKD 3,760,839, compared to a net loss of HKD 623,723 for the same period in 2024[14] - The group reported a pre-tax loss of HKD 7,230,443 for the six months ended March 31, 2025, compared to a profit of HKD 18,384,344 for the same period in 2024[23] - The net loss attributable to equity holders for the period was approximately HKD 7,200,000, an improvement from a loss of HKD 18,400,000 in the previous year[36] Cash Flow and Assets - The net cash used in operating activities was HKD 9,578,422, an improvement from HKD 17,979,171 in the previous year[9] - The total assets as of March 31, 2025, were HKD 300,470,237, compared to HKD 209,094,102 as of September 30, 2024[6] - The company's cash and cash equivalents decreased to HKD 17,558,378 from HKD 25,178,400 in the previous period[9] - The total equity as of March 31, 2025, was HKD 300,275,695, a decrease from HKD 307,506,138 as of September 30, 2024[6] - The company's net asset value as of March 31, 2025, was approximately HKD 300,275,695, a decrease of about 2.3% from HKD 307,506,138 on September 30, 2024[31][37] - The fair value of listed equity securities held as of March 31, 2025, was HKD 162,695,114, down from HKD 172,568,448 as of September 30, 2024[25] Share Capital and Dividends - The company did not declare any dividends for the period[5] - The group did not recommend any interim dividend for the six months ended March 31, 2025, consistent with the previous year[22] - The company's issued and paid-up share capital increased to 450,128,249 shares as of March 31, 2025, from 420,128,249 shares on September 30, 2024[31] - The company's issued share capital increased from 420,128,249 shares to 450,128,249 shares due to the conversion of convertible bonds[51] Expenses and Liabilities - The total administrative expenses for the six months ended March 31, 2025, were HKD 5,070,697, compared to HKD 7,589,623 in the same period of 2024[19] - The interest expense for the six months ended March 31, 2025, was HKD 1,881,688, compared to HKD 3,235,343 in the previous year[19] - As of March 31, 2025, the total margin loans and debts amounted to approximately HKD 153,900,000, with an annual interest rate ranging from 7.7% to 15.5%[51] Investments - The group holds significant investments, including 607,800,000 shares of Huilong Holdings valued at approximately HKD 23,700,000, representing 6.9% of total assets[42] - The investment in Japan Symbiosis Group is valued at approximately HKD 22,400,000, with a loss of HKD 1.6 million recognized in the last six months[42] - The bond investment in Jinhui Hong Kong Limited amounts to HKD 52.5 million, accounting for 15.3% of total assets[42] - The company reported realized losses of approximately HKD 3,800,000 from the sale of shares in Sprocomm Intelligence Limited and Japan Synergy Group Limited[38][39] - The company maintained its bond portfolio during the period, recording bond interest income of approximately HKD 6,600,000[40] Governance and Compliance - The audit committee consists of all independent non-executive directors and has reviewed the company's accounting principles and practices[60] - The company has adopted the standard code for securities transactions by directors and confirmed full compliance during the period[61] - The company has adhered to the corporate governance code, with a noted deviation regarding the separation of the roles of chairman and CEO[62] Market Outlook - The company anticipates no significant improvement or decline in the global investment market for the remainder of the year due to the complex political environment[40] Employee and Operational Information - The total employee cost (excluding directors' remuneration) is approximately HKD 1,100,000, with 7 employees as of March 31, 2025[50] - The group has not entered into any foreign currency hedging contracts during the period, maintaining no open foreign currency hedging contracts as of March 31, 2025[48] - The group did not acquire or dispose of any fixed assets during the reporting period[24] - There were no significant investments or capital asset plans as of March 31, 2025[53] - No stock options were granted during the six months ended March 31, 2025[57] - The company did not repurchase, redeem, or sell any of its listed securities during the six months ended March 31, 2025[59]

Financial Performance - The Group recorded a loss of approximately HK$22.1 million on listed investments for the year, a decrease from approximately HK$109.9 million in the previous year[12]. - For the year ended September 30, 2024, the Group reported a negative revenue of approximately HK$2.3 million, a significant decrease from HK$93.9 million in the previous year[40]. - The net loss attributable to equity holders of the Company was approximately HK$19.9 million, compared to HK$149.1 million in the previous year[40]. - The loss on listed investments decreased from HK$109.9 million in the previous year to HK$22.1 million in the current year[41]. - The net unrealised loss for the year was approximately HK$22.7 million, consisting of an unrealised gain of approximately HK$35.8 million and an unrealised loss of approximately HK$58.5 million[47]. - The Group recorded a net loss of approximately HK$19.9 million for the year, a significant decrease from the net loss of approximately HK$149.1 million in the previous year[53]. Investment Portfolio - The Group will continue to adopt cautious measures to manage its investment portfolio in light of the ongoing US-China tensions and high interest rates[20]. - The Group anticipates a challenging investment environment in the coming year due to ongoing tensions in US-China relations and high US interest rates[22]. - The Group's strategic focus remains on careful investment management and exploring potential market opportunities despite the current economic challenges[22]. - The Group's listed investments were approximately HK$172.6 million as of 30 September 2024, indicating manageable currency and interest rate risks[68]. - The Group's bond investments include significant holdings in Gold Medal Hong Kong Limited and Hao Wen Holdings Limited, with fair values of HK$62.2 million and HK$43.8 million respectively[73]. Financial Position - As of September 30, 2024, the Group held total assets of approximately HK$353.0 million, down from HK$378.6 million in 2023, with cash and cash equivalents of HK$25.2 million[54]. - The current ratio decreased from 6.5 as of September 30, 2023, to 4.6 as of September 30, 2024, indicating a healthy liquidity position[54]. - The gearing ratio improved to 14.0% from 17.2% in the previous year, reflecting a low level of financial leverage[55]. - The Group is actively seeking fundraising opportunities to strengthen its financial position and support future investments[60]. - The net proceeds from the CB Placing amounted to approximately HK$20.5 million, fully utilized for general working capital and future investments[65]. Risk Management - The Group identifies and assesses significant risks that may affect its business operations, prioritizing them based on impact and likelihood[166]. - The risk management strategies are regularly monitored and revised in response to significant changes in the business environment[166]. - The Company engaged an independent professional adviser to conduct an annual review of the adequacy and effectiveness of the Group's risk management and internal control systems[169]. - The Board was satisfied that the Group's risk management and internal control processes are adequate for the current business environment[173]. Corporate Governance - The Board comprises two Executive Directors and three Independent Non-executive Directors as of the fiscal year ended September 30, 2024[119]. - The Company has a strong corporate governance structure to ensure effective oversight of management[132]. - The Audit Committee, chaired by Mr. Cheung Wai Kin, held three meetings during the year to review the financial reporting system and risk management[140]. - The Remuneration Committee is responsible for reviewing and determining the compensation of Directors and senior management, ensuring compliance with CG Code Provisions[144]. - The Board has adopted a diversity policy considering factors such as gender, age, and professional experience to enhance Board diversity[146]. Future Outlook - The management discussion highlighted the importance of adapting to market conditions and maintaining investor confidence moving forward[40]. - The company anticipates that the confidence in China's property market will continue to recover in 2024, driven by economic improvements and favorable policies[82]. - Japan Symbiosis Group aims to leverage its unique advantages and resources to explore real estate opportunities in Eurasia and collaborate with Japanese companies for mergers and acquisitions to enhance profitability[81]. Shareholder Communication - The Company prioritizes effective communication with shareholders and provides relevant information in its interim and annual reports[181]. - The Company has established procedures for shareholders to convene extraordinary general meetings, requiring at least one-tenth of the paid-up capital[184]. - The Company does not recommend the payment of a final dividend for the Period[195].

Financial Performance - For the fiscal year ending September 30, 2024, the company reported a net loss attributable to equity holders of HKD 19,915,626, a significant improvement from a loss of HKD 149,059,636 in the previous year, representing a reduction of approximately 86.6%[10] - The company reported a pre-tax loss of HKD (20,326,277) for the year ended September 30, 2024, compared to a pre-tax loss of HKD (149,511,191) for the previous year, reflecting a significant improvement[36] - The group recorded a net loss of approximately HKD 2,300,000 for the year ending September 30, 2024, compared to a net loss of HKD 93,900,000 for the year ending September 30, 2023[64] - The net loss attributable to equity holders was approximately HKD 19,900,000, a decrease from HKD 149,100,000 in the previous year[71] - The group reported a pre-tax loss of HKD (19,915,626) for 2024, a notable improvement from a loss of HKD (149,059,636) in 2023[53] Assets and Liabilities - The company's total assets decreased to HKD 307,506,138 from HKD 338,772,704, reflecting a decline of about 9.2% year-over-year[2] - The total assets of the group as of September 30, 2024, were HKD 352,974,554, compared to HKD 378,594,326 as of September 30, 2023, representing a decrease of about 6.8%[39] - The total liabilities increased to HKD 45,468,416 from HKD 39,821,622, reflecting an increase of approximately 14.1%[2] - The total liabilities of the group as of September 30, 2024, were HKD 45,468,416, compared to HKD 58,743,479 as of September 30, 2023, indicating a reduction of approximately 22.5%[39] Investment Income - Investment income for the year was HKD 19,849,416, slightly up from HKD 19,122,696, representing an increase of approximately 3.8%[10] - The total investment income for the year ended September 30, 2024, was HKD 19,849,416, compared to HKD 19,122,696 in the previous year, showing a slight increase of approximately 3.8%[34] - Interest income from bond investments increased to HKD 19,716,776 in 2024, up from HKD 18,178,957 in 2023, reflecting a growth of approximately 8.5%[34] - The group’s total revenue from bond investments was HKD 24,155,312 for the year ended September 30, 2024, compared to HKD 21,870,876 in 2023, indicating a growth of about 10.4%[42] - Other interest income increased to HKD 4,423,224 in 2024 from HKD 3,679,895 in 2023, representing a growth of approximately 20.2%[45] Expenses - Administrative expenses decreased to HKD 10,130,299 from HKD 14,656,325, a reduction of about 30.5%[10] - Total employee costs, including directors' remuneration, decreased to HKD 3,796,543 in 2024 from HKD 4,558,812 in 2023, reflecting a reduction of about 16.7%[50] - The total employee costs related to salaries, allowances, and other benefits decreased to HKD 2,384,480 in 2024 from HKD 3,076,914 in 2023, a reduction of about 22.5%[50] Accounting Policies - The company applied new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial statements for the year[14] - The group has adopted revised accounting policies under Hong Kong Accounting Standards No. 1 and Hong Kong Financial Reporting Standards Practice Report No. 2, which clarified the significance of accounting policy disclosures, but these changes did not have a significant impact on the group's financial position and performance[21] - The accounting policy changes made during the year did not have a significant impact on the financial statements[25] - The group anticipates that the application of all new and revised Hong Kong Financial Reporting Standards will not have a significant impact on the consolidated financial statements in the foreseeable future[30] Investments and Fair Value - The company continues to focus on investments in listed and unlisted companies primarily located in Hong Kong and China[11] - The fair value adjustment of financial assets at amortized cost resulted in a loss of HKD 4,137,071 in 2024, compared to a loss of HKD 3,398,380 in 2023[48] - The company recorded unrealized gains of approximately HKD 19.1 million from its investment in Japan Synergy Group Limited during the year[84] - The expected credit loss provision for bond investments is approximately HKD 20 million, and for receivables from sold investments, it is about HKD 20.7 million[89] Debt and Financing - The company issued convertible bonds with a total principal amount of up to HKD 21,000,000, raising net proceeds of approximately HKD 20,500,000 for general working capital and future investments[74] - As of September 30, 2024, the group had margin financing of approximately HKD 39,500,000, with interest rates ranging from 8% to 9.8%[78] - Margin financing increased to HKD 42,964,313 in 2024 from HKD 36,584,870 in 2023, reflecting a growth of approximately 17.5%[61] Dividend Policy - The company did not declare any dividends for the fiscal year ending September 30, 2024, consistent with 2023[51] - The group’s dividend declaration will depend on the board's decision, influenced by factors such as profitability and financial condition[96]

Financial Performance - The turnover for the six months ended March 31, 2024, was HK$48,513,038, a decrease of 19.5% compared to HK$60,228,181 for the same period in 2023[9]. - The operating profit for the period was HK$21,414,362, a significant recovery from an operating loss of HK$58,389,855 in the previous year[9]. - Profit before tax for the period was HK$18,179,019, compared to a loss before tax of HK$59,761,225 in the same period last year[9]. - The net profit attributable to equity holders of the Company for the period was HK$18,384,344, a turnaround from a loss of HK$59,761,225 in the previous year[9]. - Basic and diluted earnings per share for the period were HK$4.38, compared to a loss of HK$14.22 per share in the same period last year[9]. - For the six months ended March 31, 2024, the profit for the period was HK$18,384,344, compared to a loss of HK$59,761,225 for the same period in 2023[13]. - The Group's profit before tax for the six months ended 31 March 2024 was HK$18,384,344, a recovery from a loss of HK$59,761,225 in the same period of 2023[40][45]. - Basic earnings per share for the period were HK$0.0438, compared to a loss per share of HK$0.1426 in the same period of 2023[40][45]. Assets and Liabilities - Total assets less current liabilities as of March 31, 2024, were HK$358,196,120, an increase from HK$338,772,704 as of September 30, 2023[11]. - Net assets as of March 31, 2024, were HK$338,235,191, up from HK$319,850,847 as of September 30, 2023[11]. - The net asset value per share increased to HK$0.81 from HK$0.76 as of September 30, 2023[11]. - Current assets increased to HK$285,598,748 from HK$257,946,667 as of September 30, 2023[11]. - Total equity increased to HK$338,235,191 as of March 31, 2024, compared to HK$409,149,258 at the same date in 2023, reflecting a decline in accumulated losses[13]. - The net asset value (NAV) of the Group increased to approximately HK$338.2 million as of 31 March 2024, representing a growth of approximately 5.7% from HK$319.9 million as of 30 September 2023[78]. - The net asset value per share decreased from HK$0.8646 to HK$0.81 due to the aforementioned expected credit loss[65][77]. Cash Flow and Investments - Net cash used in operating activities decreased to HK$17,979,171 from HK$29,149,284 in the previous year, indicating improved operational efficiency[16]. - Net cash from investing activities was HK$17,948,000, a significant decrease from HK$68,731,741 in the prior year, reflecting changes in investment strategy[16]. - Cash and cash equivalents at March 31, 2024, were HK$33,043,996, down from HK$56,275,112 a year earlier, indicating a reduction in liquidity[16]. - The company reported a net increase in cash and cash equivalents of HK$31,171 for the period, contrasting with a significant increase of HK$39,582,457 in the previous year[16]. - The Group's bank balances as of March 31, 2024, slightly decreased to approximately HK$33.0 million from approximately HK$33.1 million as of September 30, 2023[93]. - The Group's margin payables and overdrafts totaled approximately HK$44.9 million, with interest rates ranging from 8% to 13.38% per annum[122]. Investment Performance - For the six months ended 31 March 2024, the Group reported a net realised loss on financial assets of HK$623,723, a significant improvement compared to a loss of HK$4,564,583 in the same period of 2023[29]. - The net unrealised gain on financial assets was HK$42,024,823, contrasting with a loss of HK$63,790,160 in the previous year, indicating a recovery in asset valuations[29]. - The performance of the Group's listed investments improved from a net loss of approximately HK$68.3 million in the prior period to a profit of approximately HK$41.4 million for the Period[75]. - The Group recorded an unrealized gain of approximately HK$58.4 million from its investment in Japan Kyosei during the period[108][112]. - The Group's listed investments generated a net realised loss of approximately HK$0.6 million, with a realised gain of approximately HK$0.7 million offset by a realised loss of approximately HK$1.3 million[80]. - Bond interest income recorded during the period was approximately HK$6.8 million[91]. Corporate Governance and Compliance - The Audit Committee, comprising two independent non-executive directors, reviewed the unaudited interim results for the six months ended March 31, 2024[138]. - The company confirmed full compliance with the Model Code for Securities Transactions by Directors during the reporting period[139]. - The company complied with the Corporate Governance Code, except for the separation of roles between the chairman and chief executive[140]. - Following the retirement of Mr. Lee Ming Gin, the company currently has only two independent non-executive directors, which is below the minimum required[145]. - The company is actively seeking a suitable candidate to fill the vacancy of independent non-executive director[146]. - The company believes its corporate governance structure ensures effective oversight of management despite the noted deviations from the CG Code[140]. Employee and Management Compensation - Compensation for key management personnel during the Period amounted to approximately HK$2.04 million, a decrease from HK$2.39 million in the previous year[71]. - As of March 31, 2024, the Group had 14 employees, with total staff costs (excluding directors' remuneration) amounting to approximately HK$1.4 million[118]. Market Conditions and Future Outlook - The Group plans to adopt cautious measures to manage its investment portfolio due to the unpredictable global political environment[92]. - Japan Kyosei's annual report indicated that the domestic property industry in China is experiencing significant turbulence due to a credit crisis, diminishing demand, and cash flow issues, leading to an unprecedented difficult situation[102]. - The Board of Japan Kyosei plans to explore cooperation opportunities in real estate development in Japan, aiming to enhance profitability and shareholder returns[104][107].

Financial Performance - Revenue for the six months ended March 31, 2024, was HKD 48,513,038, a decrease of 19.5% compared to HKD 60,228,181 for the same period in 2023[4] - Operating profit for the period was HKD 21,414,362, a significant recovery from an operating loss of HKD 58,389,855 in the previous year[4] - Profit before tax was HKD 18,179,019, compared to a loss before tax of HKD 59,761,225 in the same period last year[4] - Net profit attributable to equity holders for the period was HKD 18,384,344, a turnaround from a loss of HKD 59,761,225 in the previous year[4] - Basic and diluted earnings per share for the period were HKD 4.38, compared to a loss per share of HKD 14.22 in the same period last year[4] - The group reported a pre-tax profit of HKD 18,384,344 for the six months ended March 31, 2024, compared to a loss of HKD 59,761,225 for the same period in 2023[26] - The net unrealized gains for financial assets measured at fair value through profit or loss were HKD 42,024,823, a significant improvement from the loss of HKD 63,790,160 in the previous year[17] - The performance of listed investments improved from a net loss of HKD 68,300,000 to a profit of approximately HKD 41,400,000 during the period[45] - The net profit attributable to equity holders for the period was approximately HKD 18,200,000, a significant turnaround from a loss of HKD 59,800,000 in the previous year[43] Assets and Liabilities - Total assets less current liabilities amounted to HKD 358,196,120 as of March 31, 2024, up from HKD 338,772,704 as of September 30, 2023[6] - The company’s total equity increased to HKD 338,235,191 as of March 31, 2024, compared to HKD 319,850,847 as of September 30, 2023[6] - Cash and cash equivalents at the end of the period were HKD 33,043,996, slightly down from HKD 33,075,167 at the end of the previous period[10] - The group has a total of HKD 290,652 in prepaid expenses and deposits as of March 31, 2024, compared to HKD 221,328 as of September 30, 2023, indicating an increase of approximately 31.2%[33] - The total amount of receivables from the sale of unlisted investments decreased significantly from HKD 39,577,891 as of September 30, 2023, to HKD 7,802,678 as of March 31, 2024[33] - The group has pledged financial assets valued at HKD 130,327,523 as of March 31, 2024, up from HKD 105,944,151 as of September 30, 2023, reflecting an increase of approximately 23.1%[41] Cash Flow and Expenses - The company reported a net cash outflow from operating activities of HKD 17,979,171, an improvement from HKD 29,149,284 in the previous year[10] - The group recognized total administrative expenses of HKD 7,589,623 for the six months ended March 31, 2024, compared to HKD 8,426,649 in the previous year[23] - The group incurred interest expenses of HKD 3,235,343 for the six months ended March 31, 2024, compared to HKD 1,371,370 in the previous year[23] - The group recorded a total of HKD 2,036,593 in short-term benefits, including share-based payments, for the six months ended March 31, 2024, a decrease from HKD 2,393,732 in the prior year[40] - The group recorded approximately HKD 6,800,000 in bond interest income during the period[48] Dividends and Shareholder Information - The company did not declare any dividends for the period[4] - The group did not declare an interim dividend for the six months ended March 31, 2024, consistent with the previous year[25] - The total issued and paid-up ordinary shares remain at 420,128,249 shares with a par value of HKD 0.25 as of March 31, 2024[35] - The basic and diluted earnings per share for the period were calculated based on a weighted average of 420,128,249 shares, with earnings of HKD 18,384,344[27] Governance and Compliance - The audit committee consists of two independent non-executive directors as of March 31, 2024, and has reviewed the accounting principles and practices adopted by the company[72] - The company has adopted the standard code for securities transactions by directors as per the listing rules and confirmed full compliance by all directors during the period[73] - The company has adhered to the corporate governance code, with a noted deviation regarding the separation of the roles of chairman and CEO, which the board believes allows for efficient decision-making[74] - Following the resignation of Mr. Li Mingzheng on March 5, 2024, the number of independent non-executive directors fell below the minimum required by listing rules, and the company is seeking suitable candidates to fill the vacancy[75] Investments and Market Outlook - The group holds significant investments, including 51,800,000 shares in Japan Synergy Group Limited valued at approximately HKD 85,400,000[51] - The outlook for the investment market remains cautious, with no significant improvement or decline expected in the near term[48] - Japan Kyoei completed a capital restructuring in July 2023, including share consolidation and capital reduction, and recorded unrealized gains of approximately HKD 58.4 million during the period[52] - Kyoei's net asset value is approximately HKD 383.9 million, with current assets of HKD 565.6 million and total liabilities of HKD 194 million as of October 31, 2023[54] - Haowen Holdings reported a net asset value of approximately RMB 292.7 million, current assets of RMB 211.6 million, and total liabilities of RMB 85.9 million as of December 31, 2023[55] - The company has no significant changes in its investment segment during the period[56] Employee and Operational Information - As of March 31, 2024, the company has 14 employees with total employee costs of approximately HKD 1.4 million[60] - The company's outstanding margin loans and debts amount to approximately HKD 44.9 million, with interest rates ranging from 8% to 13.38%[61] - There are no specific plans for significant investments or capital assets as of March 31, 2024[63] - No stock options were granted during the period, and the total number of unexercised stock options is 33.6 million as of March 31, 2024[68] - The company did not repurchase, redeem, or sell any of its listed securities during the six months ending March 31, 2024[70]

2022/23 Annual Report 年報 CONTENTS 目錄 Page 頁次 | Corporate Information | 公司資料 | 2 | | --- | --- | --- | | Executive Directors' Statement | 執行董事報告書 | 4 | | Biographies of Directors | 董事履歷 | 7 | | Management Discussion and Analysis | 管理層討論及分析 | 9 | | Corporate Governance Report | 企業管治報告 | 20 | | Report of the Directors | 董事會報告 | 31 | | Environmental, Social and Governance Report | 環境、社會及管治報告 | 40 | | Independent Auditor's Report | 獨立核數師報告 | 72 | | Audited Financial Statements | 經審核財務報表 | | | Consolidated: | 綜合： ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Capital VC Limited 首 都 創 投 有 限 公 司 （於開曼群島註冊成立之有限公司 並以CNI VC Limited名稱在香港經營業務） （股份代號：02324） 截至二零二三年九月三十日止年度業績公告 首都創投有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及其 附屬公司（統稱「本集團」）截至二零二三年九月三十日止年度之經審核綜合業績， 連同截至二零二二年九月三十日止年度之比較數字如下： 綜合損益及其他全面收益表 截至二零二三年九月三十日止年度 二零二三年 二零二二年 附註 港元 港元 營業額 3、4 (92,314,801) (25,149,110) 其他收入淨額 5 (20,160,417) (1,276,970) ...

Financial Performance - The Group reported a turnover of HK$ (60,228,181) for the six months ended March 31, 2023, compared to HK$ (40,707,096) for the same period in 2022, indicating a decline in revenue[9]. - The operating loss for the period was HK$ (58,389,855), compared to HK$ (48,171,089) in the previous year, representing an increase in losses of about 21%[9]. - Loss before tax was HK$ (59,761,225), up from HK$ (49,730,781) in the prior year, marking a year-on-year increase of approximately 20%[9]. - The company reported a comprehensive loss of HK$59,761,225 for the six months ended March 31, 2023, compared to a loss of HK$49,730,781 for the same period in 2022[15]. - The net loss attributable to equity holders of the Company for the Period was approximately HK$59.8 million, an increase from HK$49.7 million in the previous year, reflecting a worsening financial performance[75]. - The loss on listed investments increased to approximately HK$68.3 million for the Period, compared to a net loss of approximately HK$52.0 million recognized during the six months ended 31 March 2022[75]. Expenses and Costs - Administrative expenses increased to HK$ (8,426,649) from HK$ (5,722,107) year-on-year, reflecting a rise of approximately 47%[9]. - Total staff costs, including directors' remuneration and share-based payments, amounted to HK$2,393,732, a decrease from HK$6,406,821 in the previous year[38]. - The total short-term benefits, including share-based payments, for key management personnel amounted to HK$2,393,732, an increase from HK$2,253,391 in the previous year[71]. Assets and Equity - The net assets decreased to HK$ 409,149,258 as of March 31, 2023, down from HK$ 468,910,483 as of September 30, 2022, indicating a decline of about 13%[12]. - The net asset value per share decreased to HK$ 0.97 from HK$ 1.12, reflecting a reduction of approximately 13%[12]. - The total assets less current liabilities decreased to HK$ 425,822,872 from HK$ 485,584,097, indicating a decline of about 12%[12]. - As of March 31, 2023, the total equity of Capital VC Limited decreased to HK$409,149,258 from HK$468,910,483 as of October 1, 2022, reflecting a loss of HK$59,761,225 during the period[15]. - The accumulated losses increased to HK$1,048,274,518 as of March 31, 2023, from HK$988,513,293 as of October 1, 2022[15]. Cash Flow and Liquidity - The Group's cash and bank balances increased to HK$ 56,275,112 from HK$ 16,692,655, showing a significant improvement in liquidity[12]. - The net cash used in operating activities for the six months ended March 31, 2023, was HK$29,149,284, compared to HK$24,858,915 for the same period in 2022[18]. - The net cash from investing activities significantly increased to HK$68,731,741 for the six months ended March 31, 2023, up from HK$11,722,571 in the previous year[18]. - The cash and cash equivalents at March 31, 2023, amounted to HK$56,275,112, a substantial increase from HK$17,739,779 at the same date in 2022[18]. - The current ratio maintained a healthy level of 9.6 as of March 31, 2023, down from 15.0 on September 30, 2022[96]. - The gearing ratio was low at 10.9% as of March 31, 2023, compared to 8.4% on September 30, 2022[97]. Investments - For the six months ended 31 March 2023, the Group reported a net realized loss on financial assets of HK$4,564,583, compared to a loss of HK$1,162,994 for the same period in 2022, representing an increase of 292%[31]. - The net unrealized loss on financial assets for the same period was HK$63,790,160, up from HK$50,987,981 in 2022, indicating a 25% increase[31]. - Segment revenue for investments in listed securities was HK$6,383,054, while the investment in unlisted equity securities resulted in a loss of HK$68,347,579, leading to a total segment result loss of HK$58,389,855[34]. - The Group's significant investments included 654 million shares of WLS Holdings Limited valued at approximately HK$43.2 million, representing 12.1% of the Group's investment portfolio[104][103]. - Bonds issued by Gold Medal Hong Kong Limited amounted to HK$62 million, while bonds from Hao Wen Holdings Limited totaled HK$42.5 million[101][102]. Corporate Governance - The Audit Committee, comprising three independent non-executive directors, reviewed the unaudited interim results for the six months ended March 31, 2023[142]. - The company has adopted the Model Code for Securities Transactions by Directors and confirmed full compliance by all directors during the period[145]. - The company complied with the Corporate Governance Code provisions, with a noted deviation regarding the separation of roles of chairman and chief executive[146]. - The company has a strong corporate governance structure to ensure effective oversight of management[146]. - The roles of the Chairman and CEO are separated, allowing for efficient decision-making by the executive directors[148].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不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之任何損失承擔任何責任。 Capital VC Limited 首 都 創 投 有 限 公 司 （於開曼群島註冊成立之有限公司 並以CNI VC Limited名稱在香港經營業務） （股份代號：02324） 截至二零二三年三月三十一日止六個月 中期業績公告 中期財務報表 首都創投有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公司及其 附屬公司（「本集團」）截至二零二三年三月三十一日止六個月（「本期間」）之未經 審核綜合業績。該未經審核之簡明綜合中期財務報表（「中期財務報表」）並未經本 公司獨立核數師審核，但經由本公司之審核委員會（「審核委員會」）審閱。 ...