Financial Performance - For the fiscal year ending December 31, 2024, the company's total revenue was RMB 1.073 billion, with approximately RMB 1.067 billion (about 99.5%) coming from loan interest income[14]. - The microloan business contributed approximately RMB 1.061 billion, accounting for about 98.8% of the total revenue[16]. - The company reported a total of RMB 10,882 thousand in expected credit loss for the 12-month period ending December 31, 2024[23]. - The company's revenue decreased from approximately RMB 113.1 million for the year ended December 31, 2023, to approximately RMB 107.3 million for the year ended December 31, 2024, a decline of about RMB 5.8 million or 5.1%[35]. - Interest income from financial leasing was approximately RMB 0.1 million for the year ended December 31, 2024, down from RMB 0.4 million in 2023, primarily due to a reduction in new financing lease contracts[35]. - The company recorded small loan interest income of approximately RMB 106.1 million for the year ended December 31, 2024, a decrease of about RMB 4.3 million or 3.9% from RMB 110.4 million in 2023[36]. - The company recorded a profit attributable to shareholders of approximately RMB 5.6 million for the year ended December 31, 2024, down from RMB 23.2 million in 2023, primarily due to expected credit loss provisions of approximately RMB 48.7 million[42]. - Other income increased from approximately RMB 4.9 million for the year ended December 31, 2023, to approximately RMB 6.1 million for the year ended December 31, 2024, an increase of about RMB 1.2 million or 24.5%[38]. Loan and Receivables - As of December 31, 2024, the total number of customer loans was 922, an increase from 864 in the previous year[17]. - The company has seen a significant increase in loans over RMB 5 million, rising from 18 in 2023 to 36 in 2024[17]. - Total customer loans as of December 31, 2024, reached RMB 802,107 thousand, an increase of 6.5% from RMB 754,672 thousand in 2023[20]. - Unsecured microloans increased to RMB 7,260 thousand in 2024 from RMB 6,725 thousand in 2023, reflecting a growth of 7.9%[20]. - Secured loans surged to RMB 394,234 thousand in 2024, up 56.5% from RMB 251,647 thousand in 2023[20]. - The total amount of receivables as of December 31, 2024, was RMB 812.3 million, compared to RMB 780.9 million in 2023, indicating a growth of 4.8%[22]. - The overdue loans exceeding 365 days decreased to RMB 272,830 thousand in 2024 from RMB 399,544 thousand in 2023, a reduction of 31.8%[20]. - The top ten receivables accounted for 20.5% of total receivables, down from 22.3% in 2023, with an outstanding principal of RMB 167.8 million[22]. - The expected credit loss provision for microloans as of December 31, 2024, was RMB 88,014 thousand, up from RMB 70,718 thousand in 2023[23]. - The company recognized significant impairment provisions for five loans exceeding RMB 1 million, totaling RMB 12 million[27]. Operational Strategy - The company plans to allocate more resources to business development and embrace new internet technologies to enhance customer experience and expand market share[10]. - The company will continue to adjust its operational strategies in response to the changing economic environment, particularly in the real estate sector[14]. - The company aims to optimize internal resource allocation and improve operational efficiency amid economic uncertainties[14]. - The management will focus on providing flexible financing services to a diverse range of potential clients across various industries[15]. - The company is focusing on the small loan business for future growth[37]. - The company plans to enhance its IT systems to collect more accurate data and improve customer financial assessments[51]. - The company plans to maintain a prudent approach and effectively control costs while developing business with high-quality clients in a challenging environment[69]. - Future focus will be on enhancing internal information systems to improve risk management capabilities and implementing cost control measures to boost profitability[69]. - The company aims to strengthen its financing capabilities and expand partnerships to enhance comprehensive service capabilities[69]. - The main customer base is located in China, and the company will closely monitor customer conditions and adjust business strategies flexibly[69]. - Emphasis will be placed on resource integration across business departments to drive digital transformation as a response to complex economic conditions[69]. Corporate Governance - The company emphasizes the importance of good corporate governance for sustainable development and will continue to enhance its governance practices[11]. - The board of directors includes a mix of executive, non-executive, and independent non-executive directors, ensuring a balance of power[89]. - The chairman and CEO roles are separated to enhance strategic business growth and effective execution of long-term strategies[91]. - The company has a strong focus on risk management, with a dedicated department overseeing these efforts[84]. - The independent non-executive directors provide independent professional advice during board meetings, ensuring checks and balances[91]. - The company has appointed a new company secretary effective December 1, 2023, to enhance governance practices[86]. - The board is responsible for formulating business and investment plans, preparing annual budgets, and making recommendations on profit distribution[89]. - The company has a commitment to continuous professional development for its directors and senior management[88]. - The management team has extensive experience in finance and risk management, contributing to the company's strategic initiatives[85]. - The company has been actively reviewing its corporate governance policies and practices to ensure compliance with regulations[88]. - The company has established an internal audit function to ensure effective risk management and internal control systems[117]. - The company has adopted key corporate governance practices as detailed in the corporate governance report[199]. Shareholder Information - The company proposed a final dividend of HKD 0.03 per share for the year ended December 31, 2024, consistent with the previous year[43]. - The company's distributable reserves as of December 31, 2024, were approximately RMB 121.7 million, a decrease from RMB 143.9 million as of December 31, 2023[137]. - A total of 166,000 shares were repurchased during the year at prices between HKD 2.76 and HKD 2.99, with 126,000 shares cancelled[136]. - The major shareholder, Fudeng Investment Limited, holds 101,974,000 shares, representing approximately 65.12% of the issued share capital[148]. - The company has confirmed that there are no management contracts related to the management and administration of the group's business for the year ending December 31, 2024[150]. - The company has established a non-competition agreement with its controlling shareholders, which will remain effective until certain conditions are met, including the loss of control over the board[152]. Stock Options and Incentives - As of December 31, 2024, a total of 2,725,000 stock options remain unexercised under the 2017 stock option plan[54]. - The company has granted a total of 10,200,000 stock options under the 2017 stock option plan, with 1,060,000 options exercised by December 31, 2024[54]. - The company granted 15,000,000 stock options under the 2023 stock option plan on April 23, 2024, with an exercise price of HKD 2.20[61]. - As of December 31, 2024, there are 13,500,000 unexercised stock options available from the 2023 stock option plan[63]. - The total number of shares available for future issuance is 16,883,300, representing approximately 10.59% of the company's issued shares[64]. - The 2023 stock option plan allows for the issuance of up to 15,658,300 shares, which is 10% of the total issued shares as of June 30, 2023[59]. - The company has not issued any shares or granted any rewards under the 2019 share incentive plan since its adoption[65]. - The exercise price for the stock options granted on December 14, 2022, was set at HKD 5.93, with the closing price on that date being HKD 5.92[56]. - The company has a total of 2,725,000 unexercised stock options from the 2017 stock option plan as of December 31, 2024[63]. - The 2023 stock option plan was approved at a special shareholders' meeting on June 30, 2023, following amendments to the listing rules[58]. - The company has the authority to grant stock options to eligible participants for a period of 10 years from the adoption date of the 2023 stock option plan[59]. - The average weighted number of shares issued during the year was approximately 10.4% for the stock options plan[63]. - The 2023 Share Award Plan has been approved with an authorization limit of 15,658,300 shares, representing 10% of the total issued shares as of June 30, 2023[67]. - The service provider sub-limit under the 2023 Share Award Plan is set at 1,565,830 shares, accounting for 1% of the total issued shares as of June 30, 2023[67]. - The exercise period for the options granted under the 2023 share option plan is from April 23, 2024, to April 22, 2029[175]. - The exercise price for the options is determined by the board but cannot be lower than the closing price on the specific grant date[171]. - Eligible participants for the 2023 share award plan include employees deemed to have contributed to the group by the board or remuneration committee[189]. - The 2023 share incentive plan has an authorized limit of 15,658,300 shares, representing 10% of the total issued shares as of June 30, 2023[190]. - The service provider sub-limit under the 2023 share incentive plan is set at 1,565,830 shares, accounting for 1% of the total issued shares as of June 30, 2023[190]. Risk Management - The company has implemented a risk management system to mitigate operational risks, with a focus on evaluating potential business opportunities based on customer backgrounds and credit records[50]. - The company has a strong focus on risk management, with a dedicated department overseeing these efforts[84]. - The company has established an internal audit function to ensure effective risk management and internal control systems[117]. Legal and Compliance - The company has no significant contingent liabilities, consistent with the previous year[197]. - The company has not been involved in any significant legal proceedings as a defendant as of December 31, 2024[196]. - The audit committee was established in accordance with listing rules and is responsible for reviewing financial statements and internal control procedures[200]. - The company has adopted key corporate governance practices as detailed in the corporate governance report[199]. - There are no provisions in the company's articles of association or Cayman Islands law for preemptive rights regarding the issuance of new shares[198].

Financial Performance - Total revenue for the year ended December 31, 2024, was RMB 107,313,000, a decrease of 5% compared to RMB 113,132,000 in 2023[2] - The net profit attributable to shareholders for the year was RMB 5,608,000, down 76.7% from RMB 23,173,000 in the previous year[2] - The segment performance showed a profit of RMB 25,275,000 for 2024, compared to RMB 36,680,000 in 2023, indicating a decrease of about 30.9%[24] - The group reported a net profit of RMB 5,608,000 for the fiscal year 2024, down from RMB 23,173,000 in 2023, which is a significant decline of about 75.8%[24] - The company's profit attributable to shareholders for the year ending December 31, 2024, was approximately RMB 5.6 million, a significant decrease from RMB 23.2 million in 2023, mainly due to expected credit loss provisions and increased employee benefit expenses[119] Income and Revenue Sources - Other income increased to RMB 6,085,000 from RMB 4,871,000, representing a growth of approximately 25%[2] - The external revenue from the financing leasing and factoring services segment was RMB 106,509,000 in 2024, compared to RMB 111,821,000 in 2023, showing a decrease of approximately 4.0%[24] - The group’s income from small loans interest was RMB 106,056,000 in 2024, slightly down from RMB 110,395,000 in 2023, representing a decrease of approximately 3.1%[35] - Interest income from small loans provided by the subsidiary Shenzhen Haosen decreased to approximately RMB 106.1 million, down about 3.9% from RMB 110.4 million in 2023[112] Assets and Liabilities - Total assets decreased to RMB 803,149,000 in 2024 from RMB 784,682,000 in 2023, reflecting a slight increase of 2%[5] - The total liabilities increased to RMB 219,235,000 from RMB 209,244,000, a rise of approximately 4.8%[7] - The group’s total liabilities as of December 31, 2024, were RMB 221,759,000, an increase from RMB 210,982,000 in 2023, indicating a rise of about 5.0%[30] - The total net value of receivables and accounts receivable increased to RMB 721,399,000 in 2024 from RMB 702,019,000 in 2023, representing a growth of approximately 2.0%[50] Credit Loss Provisions - The company reported a significant increase in expected credit loss provisions, rising to RMB 48,738,000 from RMB 43,128,000, indicating a 12% increase[2] - The expected credit loss provision for small loans increased to RMB 84,471,000 in 2024 from RMB 63,461,000 in 2023, reflecting a rise of about 33.0%[59] - The total expected credit loss provision for loans was RMB 96.2 million in 2024, up from RMB 89.5 million in 2023, indicating a 7.5% increase[95] Dividends and Shareholder Returns - The proposed final dividend for the year is RMB 4,269,000, compared to RMB 4,154,000 in the previous year, indicating an increase of 2.8%[9] - The proposed final dividend is RMB 4.411 million, reflecting a commitment to shareholder returns[11] - The proposed final dividend per ordinary share remained at 3 HKD for both 2024 and 2023, with total dividends of RMB 4,411,000 in 2024 compared to RMB 4,269,000 in 2023[44] Operational Strategy and Market Focus - The company adjusted its operational strategy to focus on small loan services, particularly in the real estate sector, due to significant market changes[83] - The company plans to focus on the small loan business in the future[113] - The company is continuously optimizing resource allocation to improve operational efficiency in leasing and factoring businesses amid economic uncertainties[83][84] Risk Management - A risk management system has been implemented to mitigate operational risks, including a top-level risk control committee overseeing various departments[128] - The company is adopting stricter monitoring measures for existing customer risks due to recent volatility in the Chinese economy and financial markets[129] - Plans to enhance the information technology system to collect more accurate data and effectively review customers' financial and operational conditions[131] Employee Expenses - Employee benefit expenses decreased to RMB 14,803,000 in 2024 from RMB 17,735,000 in 2023, a decline of approximately 16.4%[38] - Employee benefit expenses rose by approximately RMB 5.6 million or 27.2% to RMB 26.2 million for the year ending December 31, 2024, attributed to stock options granted to employees[116] Share Options and Repurchase - The company repurchased 166,000 shares at an average price of HKD 2.92 per share, with 126,000 shares canceled and 40,000 shares held as treasury stock[80][81] - The company granted 15,000,000 stock options under the 2023 Stock Option Plan, with an exercise price of HKD 2.20, effective from April 23, 2024, to April 22, 2029[142] Compliance and Governance - The audit committee, consisting of three independent non-executive directors, has reviewed the consolidated financial statements for the year ending December 31, 2024[160] - The company has adopted the standard code for securities transactions by directors, ensuring compliance with relevant regulations[161] - The board of directors includes both executive and independent non-executive members, ensuring diverse oversight[167]

Revenue and Profitability - For the six months ended June 30, 2024, the group's revenue slightly decreased to approximately RMB 54.8 million from RMB 55.1 million for the same period in 2023, representing a decline of about 0.5%[7]. - The core business of microloans contributed approximately RMB 54.4 million, accounting for about 99.3% of the total revenue[6]. - Interest income from microloans was approximately RMB 53.5 million, slightly down from RMB 53.6 million for the same period in 2023[7]. - The financing lease interest income significantly decreased to approximately RMB 0.05 million from RMB 0.9 million for the same period in 2023, reflecting a decline of about 94.4%[7]. - The company recorded securities trading commission and brokerage income of approximately RMB 0.02 million, down from RMB 0.2 million for the same period in 2023, representing a decline of about 90%[8]. - Other income decreased by approximately RMB 0.2 million or 11.1% to RMB 1.6 million for the six months ending June 30, 2024, due to a reduction in bad debt recovery income[9]. - Profit attributable to shareholders decreased from approximately RMB 20.3 million to RMB 7.7 million, primarily due to an increase in expected credit provisions for loans and receivables[9]. - The net profit for the period was RMB 7,694 thousand, down 62.1% from RMB 20,336 thousand in the previous year[39]. - Basic earnings per share for the period was RMB 4.92, compared to RMB 12.99 in the same period last year, reflecting a decline of 62.1%[39]. Assets and Liabilities - The total amount of receivable loans as of June 30, 2024, was RMB 782.6 million, a slight increase from RMB 780.9 million as of December 31, 2023[7]. - As of June 30, 2024, total assets amounted to RMB 791,079 thousand, a decrease from RMB 784,682 thousand as of December 31, 2023, reflecting a decline of approximately 0.5%[40]. - Non-current assets decreased to RMB 378,734 thousand from RMB 447,869 thousand, representing a decline of about 15.4%[40]. - Current assets increased to RMB 412,345 thousand from RMB 336,813 thousand, showing an increase of approximately 22.4%[40]. - Total liabilities increased slightly to RMB 213,906 thousand from RMB 209,244 thousand, indicating a rise of about 2.5%[40]. - The company's equity as of June 30, 2024, was RMB 573,976 thousand, a slight increase from RMB 573,700 thousand as of December 31, 2023[41]. - The company's borrowings remained stable at RMB 142,282 thousand compared to RMB 142,320 thousand, showing minimal change[40]. - The company’s total liabilities decreased from RMB 240,521,000 in 2023 to RMB 226,114,000 in 2024, indicating a reduction of approximately 6%[43]. Expenses and Financial Costs - Employee benefits expenses decreased from approximately RMB 12.0 million to RMB 11.4 million for the six months ending June 30, 2024[9]. - Other operating expenses amounted to approximately RMB 7.4 million, accounting for about 13.5% of total revenue, compared to 10.7% for the same period last year[9]. - Financial costs increased by approximately RMB 1.2 million to RMB 6.2 million due to an increase in bank borrowings[9]. - The company incurred financial costs of RMB 6,270 thousand, an increase of 26.6% from RMB 4,954 thousand in the previous year[39]. - The company reported a significant decrease in income tax expense, amounting to RMB 1,296 thousand for the six months ended June 30, 2024, down from RMB 3,733 thousand in the previous year[61]. Shareholder and Equity Information - The company did not recommend any interim dividend for the six months ending June 30, 2024[9]. - The company repurchased a total of 126,000 shares at prices between HKD 2.76 and HKD 2.99, with a total cost of approximately HKD 0.4 million, which has been accounted for in retained earnings[13]. - The company’s issued share capital decreased due to the cancellation of repurchased shares, aimed at enhancing net asset value and earnings per share for shareholders[32]. - As of June 30, 2024, the total issued and paid-up ordinary shares were 156,457,000, with a total capital amount of RMB 1,357,000[84]. Risk Management and Strategy - The average price of second-hand properties in the real estate sector showed a downward trend, prompting the company to adopt a more cautious approach in operations and risk management[5]. - The company plans to adjust its microloan business strategy based on changes in relevant policies to maintain its market share in the Shenzhen real estate second mortgage market[5]. - The company will continue to provide flexible financing services to potential clients of various sizes across different industries[5]. - The company aims to strengthen its financing capabilities and expand partnerships to enhance its comprehensive service capabilities, primarily targeting clients in China[26]. - The company will continue to focus on enhancing internal information systems to improve risk management capabilities and control costs effectively in the challenging environment[26]. Corporate Governance - The company has complied with all provisions of the corporate governance code as of June 30, 2024, and has adopted most of the recommended best practices[27]. - The Audit Committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2024, without any objections[29]. - The company has established a Remuneration Committee to provide recommendations on the overall remuneration policy for all directors and senior management, ensuring no director determines their own remuneration[30]. - The Nomination Committee is responsible for reviewing the board's structure and composition, assessing the independence of independent non-executive directors, and making recommendations on director appointments[31]. Segment Performance - The group operates in three segments: financing leasing and factoring services, small loan and loan intermediary services, and securities trading and brokerage services, each requiring different marketing strategies[50]. - The group reported a segment loss of RMB 799,000 from financing leasing and factoring services, a profit of RMB 17,822,000 from small loan and loan intermediary services, and a loss of RMB 680,000 from securities trading and brokerage services, resulting in a total profit before tax of RMB 8,990,000[51]. - As of June 30, 2024, total segment assets amounted to RMB 737,014,000, with financing leasing and factoring services holding RMB 13,199,000, small loan and loan intermediary services at RMB 712,812,000, and securities trading and brokerage services at RMB 11,003,000[53].

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 54,816 thousand, a slight decrease of 0.5% compared to RMB 55,099 thousand for the same period in 2023[1]. - Net profit for the period was RMB 7,694 thousand, down 62.1% from RMB 20,336 thousand in the previous year[1]. - Total comprehensive income for the period, after tax, was RMB 2,300 thousand, a decrease of 88.8% from RMB 20,595 thousand in the same period last year[3]. - Basic earnings per share decreased to RMB 4.92 from RMB 12.99, reflecting a decline of 62.1%[3]. - The company reported a significant foreign exchange loss of RMB 4,649 thousand related to overseas operations[3]. - The company reported a total comprehensive income of RMB 2,300,000 for the six months ended June 30, 2024, compared to RMB 20,595,000 for the same period in 2023, reflecting a significant decrease[6][7]. - The net profit for the six months ended June 30, 2024, was RMB 7,694,000, a decrease from RMB 20,336,000 in the previous year, indicating a decline of approximately 62%[6][7]. - For the six months ended June 30, 2024, the profit attributable to shareholders was RMB 7,694,000, compared to RMB 20,336,000 for the same period in 2023, representing a decrease of approximately 62%[28]. - The basic earnings per share for the six months ended June 30, 2024, was RMB 0.049, down from RMB 0.130 in the same period of 2023, indicating a decline of about 62%[28]. Assets and Liabilities - Non-current assets decreased to RMB 378,734 thousand from RMB 447,869 thousand, indicating a reduction in long-term investments[4]. - Current assets increased to RMB 412,345 thousand from RMB 336,813 thousand, showing improved liquidity[4]. - Total liabilities increased slightly to RMB 213,906 thousand from RMB 209,244 thousand, reflecting stable financial obligations[5]. - The company's net asset value remained stable at RMB 573,976 thousand compared to RMB 573,700 thousand in the previous period[5]. - As of June 30, 2024, total assets amounted to RMB 791,079 thousand, with segment assets contributing RMB 737,014 thousand[14]. - The total liabilities as of June 30, 2024, were RMB 217,103 thousand, with segment liabilities accounting for RMB 164,106 thousand[14]. Credit and Risk Management - The expected credit loss provision increased significantly to RMB 21,407 thousand from RMB 9,400 thousand, indicating a rise in credit risk[1]. - The total expected credit loss provision for loans and receivables was RMB 450,557,000 as of June 30, 2024, compared to RMB 392,017,000 as of December 31, 2023, indicating an increase in provisions[30]. - The expected credit loss provision for loans and receivables increased to RMB 54,640,000 as of June 30, 2024, compared to RMB 82,066,000 as of December 31, 2023, indicating a reduction in provisions[30]. - The overdue accounts receivable with credit impairment stood at RMB 45,152,000 as of June 30, 2024, compared to RMB 63,461,000 as of December 31, 2023, indicating a reduction of approximately 29%[37]. - The company has implemented a risk management system to mitigate operational risks, with a focus on high-quality customer selection due to recent economic volatility in China[71]. Revenue Segments - The company reported external revenue of RMB 54,816,000 for the financing leasing and factoring segment, with a segment performance loss of RMB 799,000[13]. - The small loan and loan intermediary services segment generated external revenue of RMB 54,378,000, with a segment performance profit of RMB 17,822,000[13]. - The securities trading and brokerage services segment achieved external revenue of RMB 395,000, with a segment performance loss of RMB 680,000[13]. - The financing leasing and factoring segment's external revenue decreased from RMB 964,000 to RMB 54,816,000 year-over-year[13]. Operational Strategy - The company plans to continue expanding its services in China, focusing on financing leasing, small loans, and securities trading[12]. - The company is adopting new accounting standards effective January 1, 2024, which may impact financial reporting[11]. - The company is focusing on expanding its financing lease and small loan services, which are key growth areas[18]. - The company plans to enhance its market presence through strategic partnerships and potential acquisitions in the financial services sector[18]. - The company has adjusted its business strategy to focus on small loans, allocating most resources to the development of real estate second mortgage products[50]. Employee and Operational Costs - Employee benefits expenses decreased from approximately RMB 12.0 million to RMB 11.4 million for the six months ending June 30, 2024[62]. - Other operating expenses amounted to approximately RMB 7.4 million, accounting for about 13.5% of total revenue, compared to 10.7% for the six months ending June 30, 2023[63]. - Financial costs for the six months ended June 30, 2024, totaled RMB 6,270 thousand, up from RMB 4,954 thousand in 2023[21]. Shareholder Information - The proposed final dividend for the six months ended June 30, 2024, is RMB 4,269,000, compared to RMB 4,154,000 for the same period in 2023, representing an increase of approximately 2.8%[6][7]. - The company did not declare an interim dividend for the six months ended June 30, 2024, consistent with the previous year[27]. - The company’s total equity as of June 30, 2024, was RMB 573,976,000, slightly up from RMB 574,982,000 as of June 30, 2023[6][7]. Corporate Governance - The company has adhered to all corporate governance codes and best practices as of June 30, 2024[86]. - The Audit Committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated financial statements without any objections[87]. - The company has adopted the standard code for securities trading by directors and confirmed compliance with the relevant regulations[88]. Future Plans and Developments - The company aims to enhance its internal information systems to improve risk management capabilities and control costs effectively[85]. - The company is committed to digital transformation and resource integration across its business units to respond to complex economic conditions[85]. - The mid-term report for 2024 will be published on the company's and the stock exchange's websites[89].

Revenue and Business Performance - The company's total revenue for the year ended December 31, 2023, was RMB 113.1 million, with RMB 110.4 million (approximately 97.6%) coming from microloan interest income[11]. - The microloan business has become the core business of the company, contributing over 98% of total revenue[8]. - Revenue increased from approximately RMB 99.6 million to RMB 113.1 million, representing a growth of about 13.6%[45]. - Interest income from small loans rose to approximately RMB 110.4 million, an increase of about 16.5% from RMB 94.8 million[46]. - Total customer loans increased to RMB 754,672 thousand in December 2023, up 30.8% from RMB 576,630 thousand in December 2022[17]. - The number of clients increased to 804 as of December 31, 2023, compared to 605 clients the previous year[16]. Loan and Credit Management - As of December 31, 2023, the total number of loans issued was 864, an increase from 655 loans in the previous year[15]. - Approximately 86.00% of loan contracts had a maximum loan amount limited to RMB 1 million, up from 79.4% the previous year[15]. - Non-overdue loans without credit impairment reached RMB 699,764 thousand, up 35.0% from RMB 517,821 thousand in December 2022[20]. - The total expected credit loss provision increased to RMB 70,718 thousand as of December 31, 2023, compared to RMB 29,589 thousand a year earlier[22]. - Loans overdue for more than 365 days increased to RMB 399,544 thousand, up 25.8% from RMB 317,458 thousand in December 2022[19]. - The provision for impairment losses on the top ten loans was RMB 11,898 thousand, compared to RMB 9,700 thousand in the previous year[21]. Operational Efficiency and Strategy - The company has adjusted its operational strategies to focus on microloans, particularly in the real estate second mortgage market, in response to economic changes[11]. - The company is continuously optimizing resource allocation and business processes to improve operational efficiency amid a fluctuating economic environment[11]. - The company plans to allocate more resources to business development and embrace new internet technologies to enhance customer experience and expand market share[8]. - The group plans to enhance its information technology systems to assist in collecting more accurate data and reviewing clients' financial and operational conditions[63]. Risk Management - The company will maintain a prudent approach to risk management and focus on building healthy partnerships with clients and business partners[9]. - The group has implemented a risk management system to mitigate operational risks, with a risk management framework that includes a top-level risk control committee[61]. - The group is taking more stringent monitoring measures in assessing existing customer risks due to rapid market changes[63]. - The company has established a risk management and internal control system to minimize operational risks and protect long-term shareholder interests[136]. Corporate Governance - The company is committed to implementing good corporate governance and has established procedures in accordance with the principles of the corporate governance code as per the listing rules[104]. - The board of directors is composed of a mix of executive and independent non-executive directors, ensuring a balance of power[105]. - The company has a strong focus on compliance with legal and regulatory requirements, regularly reviewing its compliance policies and practices[104]. - The independent non-executive directors provide independent professional advice during board meetings, ensuring checks and balances within the board structure[107]. Share Options and Incentive Plans - The company has adopted a new share option plan in 2023, allowing for the grant of up to 15,658,300 shares, representing 10% of the total issued shares as of June 30, 2023[72]. - The total number of shares that can be issued upon exercise of options granted under the plan is 2,725,000, down from 7,165,000 on December 31, 2022, reflecting a decrease of approximately 61.9%[73]. - The company aims to attract and retain qualified participants through the share option grants, aligning their interests with those of shareholders[71]. - The 2019 Share Award Plan was conditionally approved on November 7, 2019, to reward employees for their contributions and incentivize retention[199]. Financial Position - Cash and cash equivalents as of December 31, 2023, were approximately RMB 26.3 million, down from RMB 58.3 million[55]. - The company’s distributable reserves as of December 31, 2023, were approximately RMB 143.9 million, a decrease from RMB 153.1 million as of December 31, 2022[156]. - As of December 31, 2023, the total bank borrowings of the group amounted to RMB 142.3 million, an increase from RMB 100.0 million in 2022[57]. - The debt-to-equity ratio as of December 31, 2023, was approximately 28.7%, up from 22.0% in 2022[57]. Employee and Director Information - Employee benefits expenses decreased from approximately RMB 22.1 million to RMB 20.6 million, a reduction of about 6.8%[50]. - The group employed 76 full-time employees as of December 31, 2023, compared to 75 in 2022[60]. - The company has a comprehensive training and continuous professional development program for its directors and senior management[104]. - The company is actively monitoring employee performance to identify suitable candidates for board positions, particularly focusing on enhancing gender diversity[130].

智通财经APP讯，浩森金融科技(03848)发布公告，于2024年3月25日，该公司就发行及出售债券(2026年到期的2000万港元8%债券)与卢伟浩(作为担保人)及投资者(作为认购人)订立认购协议。 于2024年3月28日，认购协议的完成已落实，而公司已收到有关所发行债券的全部认购款项。 公司拟将债券的所得款项用于扩展集团的现有业务及用作一般营运资金。 ...

Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 113,132,000, an increase of 13.4% from RMB 99,588,000 in 2022[1] - The net profit attributable to shareholders for the year was RMB 23,173,000, a decrease of 3.9% compared to RMB 24,112,000 in the previous year[1] - The company reported a total comprehensive income attributable to shareholders of RMB 23,467,000, compared to RMB 11,938,000 in 2022, an increase of 96.5%[3] - The company reported a pre-tax profit of RMB 27,150,000, after accounting for unallocated corporate expenses of RMB 9,544,000[57] - Revenue increased by approximately RMB 13.5 million or 13.6% from RMB 99.6 million to RMB 113.1 million for the year ended December 31, 2023[180] Income and Expenses - Other income decreased significantly to RMB 4,871,000 from RMB 18,314,000, representing a decline of 73.4%[1] - Employee benefits expenses, including director remuneration, decreased to RMB 2,107,000 in 2023 from RMB 2,475,000 in 2022, a reduction of about 14.9%[69] - Employee benefit expenses, including director remuneration, were approximately RMB 20.6 million, down from approximately RMB 22.1 million in 2022[191] - The company's income tax expense for the current year was RMB 8,060,000, down from RMB 12,274,000 in the previous year, representing a decrease of approximately 34.0%[71] Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 575,438,000, up from RMB 556,044,000 in 2022, indicating a growth of 3.5%[10] - The total liabilities increased to RMB 209,244,000 from RMB 173,509,000, representing a rise of 20.6%[9] - The total amount of receivables as of December 31, 2023, was RMB 754,672,000, an increase from RMB 576,630,000 in 2022, showing a growth of about 30.8%[83] - The total amount of secured loans reached RMB 251,647 thousand in 2023, up from RMB 131,355 thousand in 2022, reflecting a significant increase of 91.3%[128] Credit and Provisions - Expected credit loss provisions increased to RMB 43,128,000 from RMB 20,160,000, marking a rise of 113.5%[1] - The company's expected credit loss provision for accounts receivable was RMB 82,066,000 in 2023, compared to RMB 43,135,000 in 2022, representing an increase of about 90.3%[101] - The provision for impairment losses totaled RMB 89.5 million as of December 31, 2023, compared to RMB 47.5 million in 2022, reflecting an increase of approximately 88.5%[130] - The company recognized a provision for expected credit losses of approximately RMB 10.3 million related to overdue loans as of December 31, 2023[139] Business Operations - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming year[1] - The company’s main business operations are focused on providing financial consulting services in China and Hong Kong[20] - The small loan business is the core business of the company, contributing RMB 110.4 million to total revenue, representing 97.6% of the total[153] - The company has adjusted its operational strategy to focus on small loan businesses, particularly in the real estate sector, due to significant market changes[123] Market and Strategy - The company has implemented enhanced risk management measures in response to uncertainties in the macroeconomic environment[152] - The average price of second-hand properties has shown a downward trend, necessitating more cautious management and risk strategies[123] - The company aims to continue focusing on the small loan business to expand its customer base and support sustainable development[152] Shareholder Information - The proposed final dividend is HKD 0.03 per share, totaling approximately HKD 4,697,000 (equivalent to about RMB 4,269,000), unchanged from the previous year[1] - The company plans to distribute the proposed final dividend to shareholders on or before June 28, 2024, pending approval at the annual general meeting[1] Employee and Management - As of December 31, 2023, the group employed 76 full-time employees, an increase from 75 in 2022[191] - The group has implemented a risk management system to mitigate operational risks, with a structure including a top-level risk control committee and various departments[192] - The group offers various employee benefits, including medical and retirement benefits, and has adopted a share option plan for eligible employees[191]

Financial Performance - For the first half of 2023, the company reported total revenue of approximately RMB 55.1 million, with interest income from microloans contributing RMB 53.6 million, representing a 19.9% increase from RMB 44.7 million in the same period of 2022[11]. - Revenue for the six months ended June 30, 2023, increased by approximately RMB 6 million or about 12.29% to RMB 55.1 million, primarily due to new micro-loan contracts from customers[26]. - Profit for the period increased from RMB 16.3 million to RMB 20.3 million, driven by increased micro-loan interest income and reduced financial costs[30]. - The net profit attributable to the company's shareholders for the period was RMB 20,336,000, up from RMB 16,312,000 in the previous year, representing a growth of 24.6%[109]. - The total comprehensive income for the period was RMB 20,595,000, significantly higher than RMB 7,505,000 in the previous year, indicating strong overall performance[109]. - The total comprehensive income for the six months ended June 30, 2023, was RMB 20,336,000, compared to RMB 20,595,000 for the same period in 2022, indicating a slight decrease of about 1.3%[113]. Assets and Liabilities - As of June 30, 2023, the total amount of receivables (including microloans and financing leases) was RMB 711.3 million, up from RMB 653.2 million as of December 31, 2022[24]. - The company's total assets less current liabilities amounted to RMB 575,160,000 as of June 30, 2023, compared to RMB 556,044,000 at the end of 2022, reflecting an increase of 3.4%[91]. - The company's total liabilities as of June 30, 2023, amounted to RMB 175,166,000, reflecting the financial obligations the company is managing[140]. - The company's current liabilities totaled RMB 170,910,000, slightly down from RMB 173,509,000 in the previous year[91]. - The company's net asset value increased to RMB 574,982,000, up from RMB 554,387,000 as of December 31, 2022, representing a growth of approximately 3.0%[112]. Cash Flow and Financial Management - As of June 30, 2023, cash and cash equivalents were approximately RMB 21.2 million, down from RMB 58.3 million as of December 31, 2022[31]. - The group's total operating capital was approximately RMB 160.6 million, down from RMB 185.6 million as of December 31, 2022[31]. - The company reported a financial cost of RMB (4,954,000) for the period, significantly reduced from RMB (9,446,000) in the prior year, indicating improved financial management[109]. - The income tax expense for the six months ended June 30, 2023, was RMB 6,900,000, significantly higher than RMB 1,472,000 for the same period in 2022[167]. Risk Management and Strategy - The company adjusted its operational strategy to focus on microloan services, particularly in the second mortgage market, in response to significant changes in the real estate sector[6]. - The company will enhance risk management measures in response to factors affecting its business operations[6]. - The company is enhancing risk management by improving resource allocation and workflow processes, including the introduction of credit assessment procedures[38]. - The company aims to expand its risk management team to handle additional workload arising from business operations expansion[60]. Employee and Operational Efficiency - Employee benefit expenses reached approximately RMB 11.4 million for the six months ended June 30, 2023, compared to RMB 8.7 million for the same period in 2022[35]. - Employee benefits expenses increased by approximately RMB 2.7 million or about 31% to RMB 11.4 million for the six months ended June 30, 2023, due to the hiring of more sales and marketing personnel[52]. - The company emphasizes maintaining high-quality talent and continues to provide competitive compensation and benefits[35]. - The company is continuously adjusting its human resources and optimizing resource allocation to improve operational efficiency amid an uncertain economic environment[6]. Shareholder and Corporate Governance - The company will not declare any interim dividend for the first half of 2023, consistent with the previous year[16]. - The major shareholder, Fudeng Investment Limited, holds 101,974,000 shares, which constitutes approximately 65.40% of the total issued shares[87]. - The company has complied with all provisions of the corporate governance code as of June 30, 2023[74]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2023, with no objections[77]. Market and Product Development - The company aims to expand its customer base by providing flexible financing services to various industries and small private companies[6]. - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the provided content[113]. - The company will continue to focus on digital transformation and resource integration across its business units to respond to the complex economic environment[48].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全 部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Haosen Fintech Group Limited 浩森金融科技集團有限公司 （前稱富道集團有限公司） （於開曼群島註冊成立之有限公司） （股份代號：3848） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 之 年 報 之 補 充 公 告 茲提述浩森金融科技集團有限公司截至二零二二年十二月三十一日止年度之 年報（「年報」）。除另有界定者外，本公告所用詞彙將與年報所界定者具有相同 涵義。 除年報內所提供資料，董事會謹此對年報作出補充而提供以下資料。年報應與 以下資料一併閱讀： 有關購股權計劃的補充資料 於 二 零 二 二 年 十 二 月 三 十 一 日，在 購 股 權 計 劃 項 下 可 授 出 的 購 股 權 數 目 為 12,827,300份（二 零 二 一 年 十 二 月 三 十 一 日：15,552,300份）。在 購 股 權 計 劃 項 下 授出的購股權獲行使後可予發行 ...

Revenue and Income - The company's core microloan business contributed RMB 53.6 million, accounting for approximately 97.2% of total revenue of RMB 55.1 million[1] - Interest income from microloans amounted to approximately RMB 53.6 million for the six months ended June 30, 2023, an increase of about 19.9% from RMB 44.7 million for the same period in 2022[13] - Other income decreased by approximately RMB 6.4 million or about 78% to approximately RMB 1.8 million for the six months ended June 30, 2023, due to a reduction in dividend income from financial assets[15] - The company reported a total comprehensive income of RMB 20,595,000 for the six months ended June 30, 2023, compared to RMB 7,505,000 for the same period in 2022[44] - The company’s net profit attributable to shareholders for the six months ended June 30, 2023, was RMB 20,336,000, compared to RMB 16,312,000 for the same period in 2022, representing an increase of approximately 24.7%[104] - The company generated total revenue of RMB 55,099 thousand for the six months ended June 30, 2023, up from RMB 49,154 thousand for the same period in 2022, reflecting an increase of approximately 12.4%[122] Loan and Customer Growth - As of June 30, 2023, the total number of loans was 796, an increase from 655 as of December 31, 2022, representing a growth of approximately 21.5%[3] - The number of customers increased to 714 as of June 30, 2023, compared to 605 on December 31, 2022, reflecting a growth of about 18%[4] - The total loan amount reached RMB 654.8 million as of June 30, 2023, up from RMB 576.6 million as of December 31, 2022, indicating an increase of approximately 13.5%[7] - The highest loan amount limit for 85.1% of loan contracts was RMB 1 million as of June 30, 2023, up from 79.4% on December 31, 2022[3] - The total amount of small loans receivable as of June 30, 2023, was RMB 365,073,000, compared to RMB 317,458,000 as of December 31, 2022, reflecting a growth of about 15%[133] Impairment and Financial Losses - The company recognized impairment losses of RMB 53.8 million as of June 30, 2023, compared to RMB 47.5 million on December 31, 2022[10] - The total impairment loss provision for receivables was RMB 53.8 million, up from RMB 47.5 million as of December 31, 2022[33] - The company has seven significant loans with impairment losses exceeding RMB 1 million as of June 30, 2023[10] - The company has recognized that certain receivables are unlikely to be recovered due to severe financial difficulties faced by customers[159] Operating Expenses and Financial Costs - Employee benefit expenses increased by approximately RMB 2.7 million or about 31% to approximately RMB 11.4 million for the six months ended June 30, 2023, due to hiring more sales and marketing personnel[16] - Other operating expenses amounted to approximately RMB 5.9 million, accounting for about 10.7% of total revenue, down from 14.4% in the same period last year[17] - Financial costs decreased by approximately RMB 4.4 million to about RMB 5.0 million for the six months ended June 30, 2023, due to early repayment of promissory notes[18] - The total interest expense for the six months ended June 30, 2023, was RMB 4,954,000, a decrease from RMB 9,446,000 in 2022, representing a decline of approximately 47.5%[100] Assets and Liabilities - Cash and cash equivalents were approximately RMB 21.2 million as of June 30, 2023, down from RMB 58.3 million as of December 31, 2022[21] - Loans and receivables increased to approximately RMB 667.0 million as of June 30, 2023, from approximately RMB 613.4 million as of December 31, 2022, due to an increase in microloan receivables[23] - The debt-to-equity ratio was 17.4% as of June 30, 2023, compared to 18.0% as of December 31, 2022[22] - The total assets of the company as of June 30, 2023, amounted to RMB 746,070,000, with financing leasing assets at RMB 47,881,000, micro-loan assets at RMB 625,565,000, and securities trading assets at RMB 16,235,000[155] - The total liabilities of the company as of June 30, 2023, were RMB 171,088,000, with financing leasing liabilities at RMB 10,120,000 and micro-loan liabilities at RMB 120,069,000[155] Risk Management and Strategy - The group plans to enhance its information technology systems to collect more accurate data and improve financial and operational reviews of customers[31] - The group is expanding its risk management team to handle additional workload generated by business operations expansion[31] - The group is adopting stricter monitoring measures in assessing existing customer risks due to recent economic volatility in China[29] - The group will improve resource allocation methods and enhance workflows to continuously elevate risk management standards[29] - The group has implemented a risk management system to mitigate risks arising from daily operations[28] Shareholder Information - The board does not recommend any interim dividend for the six months ended June 30, 2023, consistent with the previous year[36] - Basic earnings per share attributable to shareholders was RMB 10.44 for the six months ended June 30, 2023, an increase from RMB 10.12 in the previous year[45] - The company reported a total of 156,583,000 ordinary shares issued and fully paid as of June 30, 2023, unchanged from January 1, 2023[148] Future Outlook and Business Development - The company is focused on expanding its market presence in China and Hong Kong, offering investment management and advisory services, as well as securities trading and brokerage services[86] - The company plans to provide flexible financing services to potential customers of different sizes across various industries[149] - The company will continue to adjust its small loan business strategy based on changes in relevant policies to maintain its market share in Shenzhen's real estate second mortgage market[149] - The company is continuously optimizing resource allocation to improve operational efficiency in the leasing and factoring business amid an uncertain economic environment[149]