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首都创投(02324) - 2024 - 年度业绩
2024-12-30 12:22
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]
首都创投(02324) - 2024 - 中期财报
2024-06-14 08:31
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].
首都创投(02324) - 2024 - 中期业绩
2024-05-31 11:37
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]
首都创投(02324) - 2023 - 年度财报
2024-01-31 08:31
Financial Performance - For the fiscal year ended September 30, 2023, the Group reported a negative turnover of approximately HK$92.3 million, compared to HK$25.1 million for the fiscal year 2022[41]. - The net loss attributable to equity holders of the Company was approximately HK$149.1 million, an increase from HK$88.1 million in the previous year[41]. - The Group recorded a net loss of approximately HK$149.1 million for the Year, an increase from the net loss of approximately HK$88.1 million in Year 2022[55]. - The Group's financial performance indicates a deteriorating trend in investment returns, necessitating a review of investment strategies moving forward[41][42]. Investment Activities - The Group's loss on listed investments increased from approximately HK$40.9 million in the year ended September 30, 2022, to approximately HK$109.9 million in the fiscal year 2022/23[13]. - The loss on listed investments for the year included a net realized loss of approximately HK$24.4 million and a net unrealized loss of approximately HK$86.4 million, net of dividend income of approximately HK$0.9 million[42]. - The Group subscribed to four unsecured bonds with coupon rates between 8% and 12% during the fiscal year[17]. - The Group redeemed a bond with a principal of HK$30 million and collected approximately HK$33.4 million during the year[17]. - A bond investment with a principal of HK$18 million was written off during the year, resulting in a loss of approximately HK$18.6 million[17]. - The Group received approximately HK$16.1 million in aggregate bonds interest during the fiscal year[18]. - The Group has adopted a prudent approach on the valuation of its bond investments and outstanding receivables due to the overall increase in interest rates since the second half of Year 2022[54]. - The Group plans to adopt cautious measures to manage its investment portfolio in the coming year[19]. Asset Management - As of 30 September 2023, the Group held assets of approximately HK$378.6 million, down from HK$511.7 million in 2022, with cash and cash equivalents increasing to HK$33.1 million from HK$16.7 million[56]. - The current ratio decreased from 15.0 as of 30 September 2022 to 6.5 as of 30 September 2023, indicating a maintained healthy level of liquidity[56]. - The gearing ratio increased to 17.2% from 8.1% in 2022, which is still considered low by the Board[57]. - The Group recorded a loss on written off of approximately HK$2.1 million for unlisted equity investments during the Year[53]. - The total market value of the company's bonds investments includes HK$59.9 million in Gold Medal Hong Kong Limited, representing 15.8% of total assets[78]. - The company holds significant investments, including HK$23.7 million in WLS Holdings Limited, which represents 6.3% of the company's total assets as of September 30, 2023[78][80]. - The investment in Fullsun International Holdings Group Co., Limited is valued at approximately HK$21.3 million, accounting for 5.6% of the company's total assets as of September 30, 2023[78][83]. Corporate Governance - The Board comprises two Executive Directors and three Independent Non-executive Directors as of September 30, 2023[125]. - The Board is committed to maintaining high standards of corporate governance, emphasizing transparency and accountability[122]. - The Company believes that the separation of the roles of Chairman and Chief Executive enhances decision-making efficiency[139]. - The Board will regularly review its composition to maintain an appropriate balance of skills and expertise[137]. - All Directors are required to retire and submit themselves for re-election at annual general meetings, ensuring accountability[138]. - The Company has adopted a board diversity policy considering various factors such as gender, age, and professional experience[156]. Risk Management - The Group's risk management and internal control systems are designed to provide reasonable assurance against material misstatement or loss[165]. - The Company engaged an independent professional adviser to conduct an annual review of the risk management and internal control systems[176]. - The Audit Committee reviewed the efficiency and effectiveness of the Group's risk management and internal control systems with the assistance of the System Adviser[178]. - The management provided an action plan to mitigate identified deficiencies in the risk management and internal control systems[179]. - The risk management and internal control systems were deemed sufficient to meet the current operational environment, with ongoing reviews planned[183]. Shareholder Communication - The Company emphasizes effective communication with shareholders, providing information in interim and annual reports[187]. - The annual general meetings serve as a platform for direct communication between the Board and shareholders, with all Directors and senior management making efforts to attend[188]. - Shareholders holding at least 10% of the paid-up capital can requisition an extraordinary general meeting[190]. - The Company is committed to addressing shareholder queries and encourages attendance at meetings for direct communication[192].
首都创投(02324) - 2023 - 年度业绩
2023-12-29 13:56
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) ...
首都创投(02324) - 2023 - 中期财报
2023-06-14 08:35
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].
首都创投(02324) - 2023 - 中期业绩
2023-05-31 13:42
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。 ...
首都创投(02324) - 2022 - 年度财报
2023-01-30 08:39
Financial Performance - The Group's listed investments turned from a profit of approximately HK$53.4 million in the year ended September 30, 2021, to a loss of approximately HK$40.9 million in the fiscal year 2021/22[12]. - For the fiscal year ended September 30, 2022, the Group reported a negative turnover of approximately HK$25.1 million, compared to a positive turnover of HK$76.7 million in the previous year[39]. - The net loss attributable to equity holders of the Company for the year was approximately HK$88.1 million, a significant decline from a net profit of HK$62.7 million in the prior year[39]. - The performance of listed investments shifted from a gain of HK$53.4 million in the previous year to a loss of approximately HK$40.9 million in the current year[40]. - The loss on listed investments included a net realized loss of approximately HK$19.9 million and a net unrealized loss of approximately HK$21.4 million, offset by dividend income of approximately HK$0.4 million[40]. - The Group's financial performance indicates a substantial decline in investment returns, highlighting challenges in the market environment[39]. - The management is expected to focus on strategies to recover from the losses and improve future performance[39]. - The Group's investment strategy may need to be reassessed in light of the recent financial results to enhance resilience against market volatility[39]. - Future guidance will likely include measures to mitigate risks associated with listed investments and improve overall financial health[39]. Investment Strategy - The Group plans to adopt cautious measures to manage its investment portfolio in light of the emergence of the Omicron variant and geopolitical tensions[18]. - The Group's focus on bond investments continued to provide constant cash flows[19]. - The Group's bonds investments in significant companies such as WLS, Gold Medal, Hao Wen, and AMCO show a diversified investment strategy with a focus on companies with strong asset positions[88][89][94]. - The Group's strategy aligns with the overall direction of the Hong Kong government's development plans for property construction and infrastructure investment, expected to generate considerable profit in the medium to long term[87][90]. Financial Position - As of September 30, 2022, the Group held assets of approximately HK$511.7 million, including cash and cash equivalents of HK$16.7 million[53]. - The current ratio increased from 14.1 as of September 30, 2021, to 15.0 as of September 30, 2022, indicating a healthy liquidity position[53]. - The gearing ratio was 8.1% as of September 30, 2022, up from 4.5% in 2021, which is still considered low[54]. - The Group recorded a net loss of approximately HK$88.1 million for the Year, a turnaround from a net profit of approximately HK$62.7 million in Year 2021[52]. - The net unrealised loss for the Year was approximately HK$21.4 million, consisting of an unrealised gain of approximately HK$50.2 million and an unrealised loss of approximately HK$71.6 million[46]. - The Group had margin payables and overdrafts totaling approximately HK$22.0 million as of September 30, 2022, with interest rates ranging from 8% to 16.0% per annum[76]. Share Capital and Fundraising - The share capital increased from 343,238,249 shares as of September 30, 2021, to 420,128,249 shares as of September 30, 2022 due to the issuance of new shares[55]. - The Company raised approximately HK$17.2 million from the Equity Placing, with net proceeds of approximately HK$16.9 million intended for general working capital and future investments[67]. - The Equity Placing involved the issuance of 68,640,000 new shares at a placing price of HK$0.250 per share, representing a discount of approximately 5.66% to the closing price on the agreement date[65]. - The Company completed a convertible bond placing on September 26, 2022, raising gross proceeds of approximately HK$21.0 million and net proceeds of approximately HK$20.5 million[68]. - As of September 30, 2022, none of the net proceeds from the convertible bond placing had been utilized, with expectations to fully utilize them by September 30, 2023[74]. Corporate Governance - The Company complies with the mandatory Corporate Governance Code provisions, with some deviations discussed in the report[120]. - The Board intends to distribute any excess balance by way of dividends, subject to net income from underlying investments and approval by shareholders[100]. - Future dividend declarations will depend on earnings, financial condition, cash requirements, and other relevant factors as determined by the Board[101]. - The Company has a strong corporate governance structure to ensure effective oversight of management[136]. - The Audit Committee is responsible for the appointment of external auditors and oversight of the Group's financial reporting system and risk management[143]. - 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[173]. Risk Management - The risk management and internal control systems are designed to manage risks rather than eliminate them, providing reasonable assurance against material misstatement[164]. - The processes for identifying, evaluating, and managing significant risks include risk identification, assessment, response, and monitoring[165]. - The Board is committed to implementing effective risk management and internal control systems to safeguard shareholders' interests and Group assets[162]. - An action plan was provided by management to mitigate identified deficiencies in the risk management and internal control systems[176]. Staff and Operations - The total staff costs, excluding Directors' remuneration, amounted to approximately HK$6.2 million for 20 employees as of September 30, 2022[109]. - The Group did not engage in any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the fiscal year[110]. - The Company prioritizes effective communication with shareholders and provides relevant information in its interim and annual reports[184].
首都创投(02324) - 2022 Q4 - 年度业绩
2022-12-30 13:46
Financial Performance - For the fiscal year ending September 30, 2022, the company reported a revenue of HKD (25,149,110), a significant decrease from HKD 76,705,162 in the previous year, representing a decline of approximately 132.8%[3] - The net other income decreased to HKD (1,276,970) from HKD 6,736,988, indicating a decline of about 118.9% year-over-year[3] - The operating loss for the year was HKD (85,053,399), compared to an operating profit of HKD 64,391,336 in the previous year, marking a significant shift in performance[3] - The loss attributable to equity holders for the year was HKD (88,125,550), compared to a profit of HKD 62,724,232 in the prior year, indicating a change of approximately 240.5%[4] - Basic and diluted loss per share for the year was HKD (0.21), compared to earnings of HKD 0.18 and HKD 0.17 respectively in the previous year[4] - The net loss for the year ended September 30, 2022, was HKD 88,125,550, compared to a profit of HKD 62,724,232 for the year ended September 30, 2021, indicating a shift of 240.5%[16][17] - The group reported a net loss of HKD 56,606,206 from listed securities and HKD 16,001,930 from unlisted securities for the year ended September 30, 2022[16] - The company reported a net loss attributable to shareholders of approximately HKD 88.1 million for the year ended September 30, 2022, compared to a profit of HKD 62.7 million in the previous year, indicating a significant decline in performance[32] - The total net loss for the year is approximately HKD 88,100,000, compared to a net profit of approximately HKD 62,700,000 in the previous year[36] Expenses and Liabilities - Administrative expenses increased to HKD (17,036,194) from HKD (11,589,451), reflecting a rise of approximately 46.5%[3] - The group did not incur any tax expenses for the year ended September 30, 2022, due to no taxable profits being reported[20] - The total liabilities decreased to HKD 20.0 million in 2022 from HKD 28.1 million in 2021, reflecting a reduction in margin payables and accrued expenses[30] Assets and Cash Flow - Total assets decreased to HKD 391,042,097 from HKD 394,971,951, a decline of about 1.0%[6] - The company's net asset value decreased to HKD 468,910,483 from HKD 526,214,629, representing a decrease of approximately 11.0%[6] - Cash and cash equivalents increased to HKD 16,692,655 from HKD 11,912,344, showing an increase of about 40.5%[6] - The total assets as of September 30, 2022, amounted to HKD 511,697,965, down from HKD 554,316,595 as of September 30, 2021[16][17] - As of September 30, 2022, the group holds assets of approximately HKD 511,700,000, including cash and cash equivalents of HKD 16,700,000[37] Investments - The fair value of financial assets at fair value through profit or loss decreased to HKD 247.6 million in 2022 from HKD 271.9 million in 2021[26] - The fair value of bonds held at amortized cost decreased to HKD 154.9 million in 2022 from HKD 186.5 million in 2021[29] - The company reported a loss from listed investments of approximately HKD 40.9 million for the year, compared to a profit of HKD 53.4 million in the previous year[32] - The bond investment in Jinhui Hong Kong Limited is valued at HKD 45.5 million, representing 8.9% of the company's total assets, with a coupon income of HKD 5.1 million received[49] - The bond investment in Haowen Holdings Limited is valued at HKD 33.9 million, accounting for 6.6% of total assets, with a coupon income of HKD 4.7 million received[50] - The bond investment in JunTai Holdings Limited is valued at HKD 26.4 million, representing 5.2% of total assets, with a coupon income of HKD 3.8 million received[51] Shareholder Information - The weighted average number of ordinary shares used for calculating basic and diluted loss per share increased to 417,130,523 shares in 2022 from 341,467,016 shares in 2021[22] - The company's share capital increased from 343,238,249 shares to 420,128,249 shares due to the issuance of new shares[39] - The company raised approximately HKD 17,200,000 through a share placement, with a net amount of approximately HKD 16,900,000 allocated for general working capital and future investments[42] - The convertible bond placement raised a total of approximately HKD 21,000,000, with a net amount of approximately HKD 20,500,000 intended for general working capital and future investments[43] Market Conditions and Outlook - The company anticipates a pessimistic outlook for global investments in the coming year due to the emergence of the Omicron variant and turbulent US-China relations[61] - The Hang Seng Index fell from 24,575 points on September 30, 2021, to 17,223 points on September 30, 2022, further declining to a recent low of 14,687 points by October 31, 2022[57] Governance and Compliance - The audit committee, composed of three independent non-executive directors, held three meetings during the fiscal year to review financial reporting and risk management[66] - The company has complied with the corporate governance code, with the board believing that the current decision-making structure allows for efficient and effective management[62] - The financial data for the year ending September 30, 2022, has been agreed upon by the external auditor, confirming consistency with the audited consolidated financial statements[67]
首都创投(02324) - 2022 - 中期财报
2022-06-07 08:37
Financial Performance - The turnover for the six months ended March 31, 2022, was HK$40,707,096, a decrease of 76.6% compared to HK$53,181,523 for the same period in 2021[9]. - The operating loss for the period was HK$48,171,089, compared to an operating profit of HK$47,944,772 in the previous year[9]. - The profit attributable to equity holders of the Company for the period was a loss of HK$49,730,781, compared to a profit of HK$47,040,285 in the same period last year[10]. - Basic and diluted earnings per share for the period were both HK$-12.25, compared to HK$13.87 and HK$13.53 respectively for the previous year[10]. - The Company reported a comprehensive loss for the period of HK$49,730,781 for the six months ended March 31, 2022[18]. - The Group's profit before tax for the six months ended 31 March 2022 was a loss of HK$49,730,781, compared to a profit of HK$47,040,285 in the previous year[42]. - For the six months ended 31 March 2022, the Group recorded a negative turnover of approximately HK$40.7 million, compared to a positive turnover of HK$53.2 million in the same period of 2021, resulting in a net loss attributable to equity holders of approximately HK$49.7 million, down from a profit of HK$47.0 million in 2021[83]. Assets and Liabilities - Non-current assets as of March 31, 2022, totaled HK$144,482,470, down from HK$159,344,644 as of September 30, 2021[12]. - Current assets decreased to HK$389,097,385 from HK$394,971,951 as of September 30, 2021[12]. - The total equity as of March 31, 2022, was HK$499,544,998, down from HK$510,530,682 as of March 31, 2021[18]. - The net asset value per share decreased to HK$1.19 from HK$1.53 as of September 30, 2021[12]. - The company had a total accumulated losses of HK$950,118,524 as of March 31, 2022, compared to HK$916,858,240 as of March 31, 2021[18]. - As of March 31, 2022, the net asset value (NAV) of the Group was approximately HK$499.5 million, representing a decrease of approximately 5.1% from HK$526.2 million as of 30 September 2021[86]. Cash Flow - For the six months ended March 31, 2022, the net cash used in operating activities was HK$24,858,915, compared to HK$16,223,210 for the same period in 2021, indicating an increase in cash outflow[18]. - The net cash from investing activities for the same period was HK$11,722,571, a decrease from HK$15,697,160 in the previous year[18]. - The net cash from financing activities was HK$18,963,779, with no financing activities reported in the same period of the previous year[18]. - The cash and cash equivalents at March 31, 2022, were HK$17,739,779, compared to HK$16,317,324 at the same date in 2021, showing an increase[18]. - The Group's bank balances increased to approximately HK$17.7 million as of 31 March 2022, up from approximately HK$11.9 million as of 30 September 2021[103][107]. Share Capital and Equity - The company issued 17,160,000 new shares during the reporting period, contributing to an increase in total equity[18]. - The number of ordinary shares issued increased to 420,128,249 as of March 31, 2022, compared to 343,238,249 as of September 30, 2021, reflecting a growth of approximately 22.5%[69][71]. - The Company successfully raised approximately HK$17.2 million from a placing completed on 25 October 2021, with net proceeds of approximately HK$16.9 million fully used for working capital and investments[157]. - A total of 68,640,000 new shares were fully placed at a net placement price of approximately HK$0.246 per share[161]. - The Company granted 25,200,000 share options to certain employees, representing approximately 6.0% of the issued share capital, with an exercise price of HK$0.275 per share[169]. Expenses and Costs - Administrative expenses for the period were HK$5,722,107, slightly up from HK$5,554,433 in the previous year[9]. - Total staff costs for the period increased to HK$6,406,821 from HK$5,013,746 in the previous year[37]. - The company paid investment management fees of HK$300,000 to Evergrande Securities (Hong Kong) Limited during the period, compared to HK$188,710 in the previous year[72]. Investments - The Group's investment in AMCO United Holding Limited generated coupons of HK$3,787,500 for the six months ended 31 March 2022[60]. - The Group holds 24,312,000 shares of Hong Kong Education (Int'l) Investments Limited valued at HK$38,169,840 as of 31 March 2022[54]. - The Group recorded bond coupons of approximately HK$19.4 million during the period[101][106]. - The Group acquired new bonds from SEEC Group Limited at a principal of HK$20 million with a coupon rate of 6% and a term of 6 years, and extended bonds from AMCO United Holding Limited with a principal of HK$30 million and a coupon rate of 10.5%, due in January 2027[84]. Corporate Governance - The company confirmed full compliance with the Model Code for Securities Transactions by Directors during the period[181]. - The company complied with the Corporate Governance Code provisions, with some deviations noted regarding the separation of roles for chairman and chief executive[182]. - The Audit Committee, comprising three independent non-executive directors, reviewed the accounting principles and practices adopted by the company as of March 31, 2022[177]. Market Conditions and Future Outlook - The Group plans to adopt cautious measures to manage its investment portfolio due to ongoing uncertainties in the global investment market[102][106]. - The Group anticipates that the full resumption of business will not occur in the near future due to ongoing threats from COVID-19 variants[119]. - The Group is exploring opportunities for mergers and acquisitions in the education sector to increase market share and revenue base[120].