股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 匯財金融投資控股有限公司 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08018 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.05 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.05 | HKD | | 100,000,000 | 本月底法定 ...

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 部份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。 要約函件 於二零二三年十月二十五日，本公司之全資附屬公司亞網（作為租戶）與業主（作 為業主）就物業A及物業B的租賃訂立現有租賃協議，租期為二零二三年十一月一 日至二零二五年十月三十一日（包括首尾兩日），為期兩年。 須予披露交易– 有關重續一項租賃之要約函件 要約函件 於二零二三年十月二十五日，本公司之全資附屬公司亞網（作為租戶）與業主（作 為業主）就物業A 及物業B 的租賃訂立現有租賃協議，租期為二零二三年十一月 一日至二零二五年十月三十一日（包括首尾兩日），為期兩年。 於二零二五年九月五日（交易時段結束後），本公司之全資附屬公司亞網（作為 租戶）與業主（作為業主）訂立要約函件，僅重續物業B 的租賃，租期為二零二五 年十一月一日至二零二八年十月三十一日（包括首尾兩日），為期三年。 GEM上市規則之涵義 根據香港財務報告準則第16號「租賃」，本公司將須於其綜合財務狀況表中確認 要約函件項下與租賃物業B有關之 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 匯財金融投資控股有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08018 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.05 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.05 | HKD | | 100,000,000 | 本月底法定/ ...

2025 INTERIM REPORT 中期報告 GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Given that the companies listed on GEM are generally small and mid-sized companies, there is a risk that securities traded ...

Core Viewpoint - Huicai Financial Investment (08018) reported a narrower loss for the first half of 2025, indicating a slight improvement in financial performance despite ongoing challenges [1] Financial Performance - The company reported revenue of HKD 22.495 million, representing a year-on-year increase of 0.44% [1] - Shareholders' attributable loss was HKD 7.722 million, which is a year-on-year reduction of 21.91% [1] - The basic loss per share was HKD 0.0153 [1]

Group 1 - The company reported a revenue of HKD 22.495 million for the first half of 2025, representing a year-on-year increase of 0.44% [1] - The loss attributable to shareholders narrowed to HKD 7.722 million, a decrease of 21.91% compared to the previous year [1] - The basic loss per share was HKD 0.0153 [1]

[Interim Results Overview](index=1&type=section&id=Interim%20Results%20Overview) Finsoft Financial Investment Holdings Limited announces its unaudited interim results for H1 2025, with shares listed on GEM for SMEs [Company Information and GEM Characteristics](index=1&type=section&id=Company%20Information%20and%20GEM%20Characteristics) Finsoft Financial Investment Holdings Limited announces its unaudited interim results for H1 2025, with shares listed on GEM for SMEs - The Group's unaudited condensed consolidated interim results for the six months ended June 30, 2025, have been announced[3](index=3&type=chunk) - The Company's shares are listed on GEM of The Stock Exchange of Hong Kong Limited, a platform for SMEs with higher investment risks and potential market volatility[8](index=8&type=chunk)[9](index=9&type=chunk)[12](index=12&type=chunk) - The Board of Directors collectively and individually accepts full responsibility for the accuracy and completeness of the information contained in this announcement[3](index=3&type=chunk)[11](index=11&type=chunk)[13](index=13&type=chunk) [Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) The Group's H1 2025 loss narrowed to HK$7,722 thousand, with revenue slightly up and gross profit increasing Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (For the six months ended June 30) | Metric | 2025 (HK$ '000) | 2024 (HK$ '000) | | :--- | :--- | :--- | | Revenue | 22,495 | 22,397 | | Cost of sales | (9,968) | (11,458) | | Gross profit | 12,527 | 10,939 | | Other income | 290 | 383 | | Other gains/(losses) | 1,030 | (3,456) | | Impairment loss (provision)/reversal for loans and interest receivables | (4,069) | 808 | | Administrative expenses | (17,066) | (18,323) | | Operating loss | (7,317) | (9,658) | | Finance costs | (94) | (148) | | Loss before tax | (7,427) | (9,819) | | Income tax expense | (295) | (69) | | Loss for the period | (7,722) | (9,888) | | Total comprehensive income for the period | (7,848) | (9,938) | | Basic and diluted loss per share (HK cents per share) | (1.53) | (6.34) | - Loss for the period narrowed to **HK$7,722 thousand**, a **21.9% decrease** from HK$9,888 thousand in the prior year[16](index=16&type=chunk)[17](index=17&type=chunk) - Gross profit increased by **14.5% to HK$12,527 thousand**, primarily due to a decrease in cost of sales[16](index=16&type=chunk) [Condensed Consolidated Statement of Financial Position](index=6&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the Group's net assets decreased to HK$43,861 thousand, with net current assets at HK$35,623 thousand Condensed Consolidated Statement of Financial Position (As of June 30) | Metric | June 30, 2025 (HK$ '000) | December 31, 2024 (HK$ '000) | | :--- | :--- | :--- | | **Non-current assets** | | | | Property, plant and equipment | 712 | 1,099 | | Investment properties | 2,200 | 2,200 | | Right-of-use assets | 2,268 | 4,615 | | Intangible assets | 230 | 230 | | Investment in a joint venture | 54 | 70 | | Financial assets at fair value through other comprehensive income | 139 | 265 | | Loans and interest receivables | 2,669 | 2,892 | | Deferred tax assets | 136 | 113 | | **Current assets** | | | | Trade and other receivables | 5,751 | 9,103 | | Contract assets | 250 | – | | Loans and interest receivables | 28,182 | 33,925 | | Financial assets at fair value through profit or loss | 7,284 | 9,005 | | Consideration receivables | 3,512 | 3,543 | | Fixed deposits over three months | 200 | 1,000 | | Bank and cash balances | 13,435 | 10,857 | | **Current liabilities** | | | | Contract liabilities | 9,437 | 9,405 | | Accruals and other payables | 10,921 | 12,854 | | Current tax liabilities | 605 | 299 | | Lease liabilities | 2,028 | 3,973 | | **Non-current liabilities** | | | | Lease liabilities | 98 | 605 | | Deferred tax liabilities | 72 | 72 | | **Total equity** | 43,861 | 51,709 | - Net assets decreased from HK$51,709 thousand as of December 31, 2024, to **HK$43,861 thousand** as of June 30, 2025[20](index=20&type=chunk) - Net current assets were **HK$35,623 thousand**, a decrease from HK$40,902 thousand as of December 31, 2024[19](index=19&type=chunk) [Unaudited Condensed Consolidated Statement of Changes in Equity](index=8&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) Total equity attributable to owners decreased to HK$43,861 thousand by June 30, 2025, primarily due to fair value losses and period loss Condensed Consolidated Statement of Changes in Equity (For the six months ended June 30) | Metric | Share Capital (HK$ '000) | Share Premium (HK$ '000) | Merger Reserve (HK$ '000) | Financial Assets at FVTOCI Reserve (HK$ '000) | Accumulated Losses (HK$ '000) | Total Equity (HK$ '000) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | As of January 1, 2025 (audited) | 25,212 | 236,883 | 78 | (38,052) | (172,412) | 51,709 | | Fair value change of financial assets at fair value through other comprehensive income | – | – | – | (126) | – | (126) | | Loss for the period | – | – | – | – | (7,722) | (7,722) | | Changes in equity for the period | – | – | – | (126) | (7,722) | (7,848) | | As of June 30, 2025 (unaudited) | 25,212 | 236,883 | 78 | (38,178) | (180,134) | 43,861 | - As of June 30, 2025, total equity was **HK$43,861 thousand**, a decrease of HK$7,848 thousand from the beginning of the year[22](index=22&type=chunk) - A fair value change loss of **HK$126 thousand** on financial assets at fair value through other comprehensive income was recorded during the period[22](index=22&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) The Group generated net cash from operating and investing activities, with cash and cash equivalents increasing to HK$13,435 thousand Condensed Consolidated Statement of Cash Flows (For the six months ended June 30) | Metric | 2025 (HK$ '000) | 2024 (HK$ '000) | | :--- | :--- | :--- | | Net cash generated from/(used in) operating activities | 3,988 | (9,493) | | Net cash generated from/(used in) investing activities | 1,048 | (871) | | Net cash (used in)/generated from financing activities | (2,458) | 24,519 | | Net increase in cash and cash equivalents | 2,578 | 14,155 | | Cash and cash equivalents at beginning of period | 10,857 | 9,214 | | Cash and cash equivalents at end of period | 13,435 | 23,369 | - Operating activities generated a net cash inflow of **HK$3,988 thousand**, a turnaround from a net cash outflow of HK$9,493 thousand in the prior year[25](index=25&type=chunk) - Cash and cash equivalents at period-end were **HK$13,435 thousand**, an increase of HK$2,578 thousand from the beginning of the period[25](index=25&type=chunk) [Notes to the Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) This section details the Group's accounting policies, revenue disaggregation, segment information, and other financial statement notes [General Information and Basis of Preparation](index=10&type=section&id=General%20Information%20and%20Basis%20of%20Preparation) The Group's core businesses are in financial software, IT, lending, and asset investment, with financials prepared under HKAS 34 - The Group's principal activities include financial trading software solutions, IT and internet financial platform services, money lending business, and asset investment[27](index=27&type=chunk)[30](index=30&type=chunk) - The financial statements are presented in Hong Kong dollars and comply with HKAS 34 "Interim Financial Reporting" and the GEM Listing Rules[28](index=28&type=chunk)[30](index=30&type=chunk)[31](index=31&type=chunk) - The accounting policies adopted are consistent with those applied in the annual consolidated financial statements for the year ended December 31, 2024[29](index=29&type=chunk)[31](index=31&type=chunk) [Accounting Standards and Fair Value Measurements](index=11&type=section&id=Accounting%20Standards%20and%20Fair%20Value%20Measurements) The Group adopted HKAS 21 (Amendment) from January 1, 2025, with financial assets and liabilities measured at fair value using a three-level hierarchy - The Group first applied HKAS 21 (Amendment) "Lack of Exchangeability" from January 1, 2025, without changing accounting policies or making retrospective adjustments[32](index=32&type=chunk)[38](index=38&type=chunk) - The carrying amounts of financial assets and liabilities approximate their fair values[33](index=33&type=chunk)[39](index=39&type=chunk) Fair Value Hierarchy Disclosure (As of June 30) | Category | June 30, 2025 (HK$ '000) | December 31, 2024 (HK$ '000) | | :--- | :--- | :--- | | **Non-financial assets** | | | | Investment properties (Level 2) | 2,200 | 2,200 | | **Financial assets** | | | | Financial assets at fair value through profit or loss (Level 1) | 7,284 | 9,005 | | Financial assets at fair value through other comprehensive income (Level 1) | 139 | 265 | | **Total** | 9,623 | 11,470 | [Disaggregation of Revenue](index=13&type=section&id=Disaggregation%20of%20Revenue) Total revenue for H1 2025 was HK$22,495 thousand, with customer contracts and loan financing interest as key contributors Disaggregation of Revenue by Major Service Line (For the six months ended June 30) | Service Line | 2025 (HK$ '000) | 2024 (HK$ '000) | | :--- | :--- | :--- | | Sales of goods | 31 | 857 | | Sales of technical software systems | 2,269 | 1,021 | | System customisation and network support | 2,643 | 2,718 | | Software licensing fees | 9,609 | 9,571 | | Software maintenance services | 4,882 | 4,971 | | Server hosting and related service fees | 1,527 | 1,771 | | Outsourcing service fees | – | 566 | | **Total revenue from contracts with customers** | **20,961** | **21,475** | | Interest income from loan financing | 1,534 | 922 | | **Total revenue** | **22,495** | **22,397** | - Interest income from loan financing increased from HK$922 thousand in 2024 to **HK$1,534 thousand** in 2025, an increase of approximately **66.4%**[45](index=45&type=chunk) - Revenue recognition for financial trading software solutions remained stable, with the largest proportion recognized over time[46](index=46&type=chunk) [Segment Information](index=14&type=section&id=Segment%20Information) The Group operates five segments, with financial software as the main revenue source, significant growth in lending, and asset investment turning profitable - The Group has five operating segments: financial trading software solutions, other IT and internet financial platform services, money lending, asset investment, and others[47](index=47&type=chunk)[51](index=51&type=chunk) Segment Revenue and Profit/(Loss) (For the six months ended June 30) | Segment | 2025 Revenue (HK$ '000) | 2024 Revenue (HK$ '000) | 2025 Profit/(Loss) (HK$ '000) | 2024 Profit/(Loss) (HK$ '000) | | :--- | :--- | :--- | :--- | :--- | | Financial trading software solutions | 20,961 | 21,475 | 2,711 | 948 | | Other IT and internet financial platform services | – | – | (16) | (610) | | Money lending | 1,534 | 922 | (3,702) | 784 | | Asset investment | – | – | 973 | (3,464) | | Others | – | – | (1,658) | (1,171) | | **Total** | **22,495** | **22,397** | **(1,692)** | **(3,513)** | - Revenue from the financial trading software solutions segment slightly decreased by **2.4%**, but segment profit significantly increased[53](index=53&type=chunk) - Money lending segment revenue increased by **66.4%**, but segment loss widened[53](index=53&type=chunk) - The asset investment segment turned from a loss of HK$3,464 thousand in the prior year to a profit of **HK$973 thousand** in the current period[53](index=53&type=chunk) [Other Income and Gains/(Losses)](index=17&type=section&id=Other%20Income%20and%20Gains%2F%28Losses%29) Other income was HK$290 thousand, and other gains/losses recorded a HK$1,030 thousand gain, driven by fair value gains on listed equity investments Other Income (For the six months ended June 30) | Item | 2025 (HK$ '000) | 2024 (HK$ '000) | | :--- | :--- | :--- | | Interest income from bank deposits | 17 | 109 | | Rental income | 25 | 25 | | Interest on consideration receivables | 248 | 249 | | **Total** | **290** | **383** | Other Gains/(Losses) (For the six months ended June 30) | Item | 2025 (HK$ '000) | 2024 (HK$ '000) | | :--- | :--- | :--- | | Net fair value gain/(loss) on financial assets at fair value through profit or loss – listed equity investments | 995 | (3,422) | | Net exchange differences | 34 | – | | Reversal/(provision) for impairment loss on trade receivables | 1 | (34) | | **Total** | **1,030** | **(3,456)** | - Financial assets at fair value through profit or loss (listed equity investments) turned from a loss of HK$3,422 thousand in the prior year to a gain of **HK$995 thousand** in the current period[61](index=61&type=chunk) [Finance Costs and Loss for the Period](index=18&type=section&id=Finance%20Costs%20and%20Loss%20for%20the%20Period) Finance costs decreased to HK$94 thousand, and the period's loss is calculated after various deductions including depreciation and staff costs Finance Costs (For the six months ended June 30) | Item | 2025 (HK$ '000) | 2024 (HK$ '000) | | :--- | :--- | :--- | | Interest on lease liabilities | 94 | 148 | Loss for the Period Deductions (For the six months ended June 30) | Item | 2025 (HK$ '000) | 2024 (HK$ '000) | | :--- | :--- | :--- | | Depreciation of property, plant and equipment | 435 | 768 | | Depreciation of right-of-use assets | 2,347 | 2,061 | | Lease payments not included in the measurement of lease liabilities | 177 | 458 | | Staff costs (including directors' emoluments) | 17,943 | 18,179 | - Staff costs (including directors' emoluments) amounted to **HK$17,943 thousand**, of which HK$8,515 thousand was included in cost of sales[66](index=66&type=chunk)[67](index=67&type=chunk) [Income Tax Expenses and Dividend](index=19&type=section&id=Income%20Tax%20Expenses%20and%20Dividend) Income tax expense was HK$295 thousand, mainly Hong Kong current tax, and no interim dividend is recommended Income Tax Expenses (For the six months ended June 30) | Item | 2025 (HK$ '000) | 2024 (HK$ '000) | | :--- | :--- | :--- | | Current tax – Hong Kong | 318 | 93 | | Deferred tax | (23) | (24) | | **Income tax expense** | **295** | **69** | - Under Hong Kong's two-tiered profits tax regime, the first **HK$2,000,000** of assessable profits is taxed at **8.25%**, and the remainder at **16.5%**[70](index=70&type=chunk)[73](index=73&type=chunk) - The Board does not recommend the payment of any dividend for the six months ended June 30, 2025[72](index=72&type=chunk)[74](index=74&type=chunk) [Loss Per Share](index=20&type=section&id=Loss%20Per%20Share) Loss attributable to owners was HK$7,722 thousand, resulting in a basic and diluted loss per share of HK$1.53 cents Loss Per Share Calculation (For the six months ended June 30) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Loss attributable to owners of the Company (HK$ '000) | (7,722) | (9,888) | | Weighted average number of ordinary shares ('000 shares) | 504,233 | 155,968 | | Basic and diluted loss per share (HK cents per share) | (1.53) | (6.34) | - Basic and diluted loss per share significantly improved from **HK$6.34 cents** in the prior year to **HK$1.53 cents** in the current period[76](index=76&type=chunk) - The weighted average number of ordinary shares significantly increased from 155,968 thousand shares to **504,233 thousand shares** due to the rights issue[76](index=76&type=chunk) [Property, Plant and Equipment and Right-of-Use Assets](index=20&type=section&id=Property%2C%20Plant%20and%20Equipment%20and%20Right-of-Use%20Assets) PPE acquisitions decreased to HK$48 thousand, and new office lease agreements in H1 2024 led to HK$2,152 thousand in right-of-use assets - Acquisitions of property, plant and equipment amounted to **HK$48 thousand** during the period, an **82.7% decrease** from HK$278 thousand in the prior year[77](index=77&type=chunk)[79](index=79&type=chunk) - In the first half of 2024, the Group entered into a new two-year lease agreement for office premises, recognizing **HK$2,152 thousand** in right-of-use assets and lease liabilities[78](index=78&type=chunk)[80](index=80&type=chunk) [Trade and Other Receivables](index=21&type=section&id=Trade%20and%20Other%20Receivables) Trade and other receivables decreased to HK$5,751 thousand, with net trade receivables at HK$1,592 thousand, primarily within 30 days Trade and Other Receivables (As of June 30) | Item | June 30, 2025 (HK$ '000) | December 31, 2024 (HK$ '000) | | :--- | :--- | :--- | | Trade receivables (net) | 1,592 | 4,839 | | Other receivables | 752 | 645 | | Amounts due from an associate | – | 100 | | Deposits | 1,726 | 1,776 | | Prepayments | 1,681 | 1,743 | | **Total** | **5,751** | **9,103** | Ageing Analysis of Trade Receivables (As of June 30) | Ageing | June 30, 2025 (HK$ '000) | December 31, 2024 (HK$ '000) | | :--- | :--- | :--- | | 0 – 30 days | 975 | 3,560 | | 31 – 60 days | 60 | 252 | | 61 – 90 days | 118 | 722 | | 91 – 120 days | 238 | 156 | | Over 120 days | 201 | 149 | | **Total** | **1,592** | **4,839** | - Net trade receivables significantly decreased from HK$4,839 thousand as of December 31, 2024, to **HK$1,592 thousand** as of June 30, 2025[82](index=82&type=chunk) [Loan and Interest Receivables](index=22&type=section&id=Loan%20and%20Interest%20Receivables) Loans and interest receivables decreased to HK$30,851 thousand, with a HK$4,069 thousand impairment provision due to reclassification of unsecured loans Loans and Interest Receivables (As of June 30) | Item | June 30, 2025 (HK$ '000) | December 31, 2024 (HK$ '000) | | :--- | :--- | :--- | | Loans receivable (net) | 29,585 | 35,677 | | Interest receivable (net) | 1,266 | 1,140 | | **Total loans and interest receivables** | **30,851** | **36,817** | | Less: Non-current portion | (2,669) | (2,892) | | **Loans and interest receivables (current portion)** | **28,182** | **33,925** | - Impairment loss provision for loans and interest receivables was **HK$4,069 thousand** during the period, compared to a reversal of HK$808 thousand in the prior year[16](index=16&type=chunk)[87](index=87&type=chunk) - The increase in impairment loss provision was primarily due to three unsecured personal loans moving from Stage 2 to Stage 3 under the expected credit loss model[131](index=131&type=chunk) Maturity Profile of Loans Receivable (As of June 30) | Maturity | June 30, 2025 (HK$ '000) | December 31, 2024 (HK$ '000) | | :--- | :--- | :--- | | Overdue | 17,384 | 21,073 | | Due within 3 months | 7,014 | 2,021 | | Due after 3 months but within 6 months | 1,655 | 4,789 | | Due after 6 months but within 12 months | 863 | 4,902 | | Due after 12 months | 2,669 | 2,892 | | **Total** | **29,585** | **35,677** | [Accruals and Other Payables](index=25&type=section&id=Accruals%20and%20Other%20Payables) Accruals and other payables decreased to HK$10,921 thousand, mainly comprising customer deposits and bonus provisions Accruals and Other Payables (As of June 30) | Item | June 30, 2025 (HK$ '000) | December 31, 2024 (HK$ '000) | | :--- | :--- | :--- | | Customer deposits | 6,843 | 6,944 | | Bonus provision | 1,414 | 3,083 | | Accrued expenses and other payables | 2,640 | 2,803 | | Retirement benefit obligations | 24 | 24 | | **Total** | **10,921** | **12,854** | - Bonus provisions decreased from HK$3,083 thousand as of December 31, 2024, to **HK$1,414 thousand** as of June 30, 2025[98](index=98&type=chunk) [Share Capital](index=25&type=section&id=Share%20Capital) Authorized share capital is HK$100,000 thousand, with issued capital at HK$25,212 thousand after a 2024 rights issue Share Capital Movements (As of June 30) | Item | Number of Shares ('000) | Par Value of Shares (HK$ '000) | | :--- | :--- | :--- | | **Authorised:** | | | | As of January 1, 2024 | 200,000 | 10,000 | | Increase in authorised share capital | 1,800,000 | 90,000 | | As of June 30, 2025 | 2,000,000 | 100,000 | | **Issued and fully paid:** | | | | As of January 1, 2024 | 126,058 | 6,303 | | Shares issued through rights issue | 378,175 | 18,909 | | As of June 30, 2025 | 504,233 | 25,212 | - On January 16, 2024, authorized share capital increased from HK$10,000 thousand to **HK$100,000 thousand**[100](index=100&type=chunk)[104](index=104&type=chunk) - The rights issue of **378,174,702 new shares** contributed HK$18,909 thousand to share capital and HK$7,602 thousand to share premium, respectively[100](index=100&type=chunk)[104](index=104&type=chunk) [Related Party Transactions](index=26&type=section&id=Related%20Party%20Transactions) Directors' emoluments were HK$1,996 thousand, and a HK$2,800 thousand loan to a related company was extended Directors' Emoluments (For the six months ended June 30) | Item | 2025 (HK$ '000) | 2024 (HK$ '000) | | :--- | :--- | :--- | | Short-term benefits | 1,996 | 1,961 | - Loans receivable included a principal amount of **HK$2,800 thousand** lent to a related company, with its maturity date extended on December 23, 2024[90](index=90&type=chunk)[91](index=91&type=chunk) [Operating Lease Commitment](index=27&type=section&id=Operating%20Lease%20Commitment) The Group has no outstanding lessee lease commitments but has a one-year lessor operating lease for investment properties - As of June 30, 2025, the Group, as lessee, had no outstanding lease commitments related to unrecognized office units (December 31, 2024: HK$415 thousand)[105](index=105&type=chunk)[106](index=106&type=chunk) - As lessor, the Group's operating lease for investment properties has a **1-year term**, extendable by one year, with no right for the lessee to purchase the property at lease expiry[107](index=107&type=chunk) Minimum Lease Payments Receivable (As of June 30) | Item | June 30, 2025 (HK$ '000) | December 31, 2024 (HK$ '000) | | :--- | :--- | :--- | | Within one year | 11 | 24 | [Events After the Reporting Period](index=27&type=section&id=Events%20After%20the%20Reporting%20Period) Post-period, the Group entered new and renewed lease agreements for properties in Shenzhen and Hong Kong - On August 6, 2025, the Company's wholly-owned subsidiary entered into a China lease agreement for a Shenzhen property for **two years**[110](index=110&type=chunk)[111](index=111&type=chunk) - On August 7, 2025, the Company renewed a Hong Kong property lease agreement for **three years**[112](index=112&type=chunk)[115](index=115&type=chunk) - Under HKFRS 16 "Leases", these lease transactions are treated as asset acquisitions, requiring recognition of right-of-use asset values[113](index=113&type=chunk)[115](index=115&type=chunk) [Management Discussion and Analysis](index=29&type=section&id=Management%20Discussion%20and%20Analysis) This section provides an overview of the Group's business performance, financial position, and future outlook [Business Review](index=29&type=section&id=Business%20Review) The Group's core businesses include financial software, IT, lending, and asset investment, with a focus on diversification and new technologies - The Group's principal activities include financial trading software solutions, IT and internet financial platform services, money lending business, and asset investment[117](index=117&type=chunk)[122](index=122&type=chunk) - The Hong Kong economy continued steady growth in Q2 2025, supported by government measures to boost consumption and attract investment[118](index=118&type=chunk)[123](index=123&type=chunk] - The Group actively explores new opportunities, participating in IT service tenders for AI, blockchain technology, and application development to diversify revenue[119](index=119&type=chunk)[123](index=123&type=chunk)[127](index=127&type=chunk)[130](index=130&type=chunk) [Financial Trading Software Solutions](index=29&type=section&id=Financial%20Trading%20Software%20Solutions) Financial software solutions remain the main revenue source, despite a 2.4% decrease, with plans to expand the Shenzhen R&D team - The financial trading software solutions business segment remains the Group's primary revenue source[120](index=120&type=chunk)[124](index=124&type=chunk) Financial Trading Software Solutions Revenue (For the six months ended June 30) | Item | 2025 (HK$ '000) | 2024 (HK$ '000) | | :--- | :--- | :--- | | Segment revenue from external customers | 20,961 | 21,475 | - Revenue decreased by approximately **2.4%**, mainly due to reduced revenue from sales of goods and server hosting projects and related service fees[120](index=120&type=chunk)[124](index=124&type=chunk) - The Group plans to expand its Shenzhen R&D team to further enhance research and customer support capabilities[125](index=125&type=chunk)[129](index=129&type=chunk) [Other IT and Internet Financial Platforms Services](index=30&type=section&id=Other%20IT%20and%20Internet%20Financial%20Platforms%20Services) This segment generated no revenue but actively seeks IT service tenders in AI and blockchain, anticipating future positive results - During the period, the segment providing other IT and internet financial platform services generated **no revenue**[126](index=126&type=chunk)[130](index=130&type=chunk) - The Group actively seeks opportunities and participates in tenders for other IT services, including artificial intelligence, blockchain technology, and application development[127](index=127&type=chunk)[130](index=130&type=chunk) - Some opportunities are expected to materialize into transactions, generating positive results in the coming years[127](index=127&type=chunk)[130](index=130&type=chunk) [Money Lending Business](index=30&type=section&id=Money%20Lending%20Business) Money lending revenue grew 66.4% to HK$1,534 thousand, but a HK$4,069 thousand impairment provision was recorded due to reclassified unsecured loans Money Lending Business Revenue (For the six months ended June 30) | Item | 2025 (HK$ '000) | 2024 (HK$ '000) | | :--- | :--- | :--- | | Revenue generated from money lending business segment | 1,534 | 922 | - Revenue increased by approximately **66.4%**, with interest rates ranging from **8% to 35.5% per annum**[128](index=128&type=chunk)[131](index=131&type=chunk) - An impairment loss provision of approximately **HK$4,069 thousand** for loans and interest receivables was recorded, mainly due to three unsecured personal loans moving from Stage 2 to Stage 3 under the expected credit loss model[128](index=128&type=chunk)[131](index=131&type=chunk) - The Group has implemented adequate internal control policies and operational manuals to minimize credit and default risks[132](index=132&type=chunk)[136](index=136&type=chunk) [Assets Investments](index=32&type=section&id=Assets%20Investments) Securities investments at FVTPL decreased to HK$7,284 thousand but generated a HK$995 thousand net gain, improving from a prior-year loss - The carrying amount of securities investments at fair value through profit or loss decreased from HK$9,005 thousand as of December 31, 2024, to **HK$7,284 thousand** as of June 30, 2025[138](index=138&type=chunk)[142](index=142&type=chunk) - A net fair value change gain of approximately **HK$995 thousand** was recognized from securities investments during the period, compared to a net loss of approximately HK$3,422 thousand in the prior year[138](index=138&type=chunk)[142](index=142&type=chunk) - The Directors anticipate continued volatility in the Hong Kong stock market, and the Group will maintain a **cautious investment strategy**[139](index=139&type=chunk)[142](index=142&type=chunk) [Other Investments](index=32&type=section&id=Other%20Investments) Shares in China Parenting Network decreased to HK$139 thousand, with a HK$126 thousand fair value loss transferred to FVTOCI reserve - The Group holds **3,307,000 ordinary shares** in China Parenting Network Holdings Limited, representing approximately **0.96%** of its issued shares[140](index=140&type=chunk)[143](index=143&type=chunk) - The fair value of China Parenting Network shares was approximately **HK$139 thousand**, a decrease from HK$265 thousand as of December 31, 2024[141](index=141&type=chunk)[143](index=143&type=chunk) - A fair value loss of approximately **HK$126 thousand** was transferred to the financial assets at fair value through other comprehensive income reserve during the period[141](index=141&type=chunk)[143](index=143&type=chunk) [Financial Review](index=33&type=section&id=Financial%20Review) Revenue slightly increased to HK$22,495 thousand, gross profit rose, administrative expenses decreased, and net loss after tax narrowed to HK$7,722 thousand - Revenue for the period was approximately **HK$22,495 thousand**, an increase of approximately **0.4%** year-on-year, primarily due to the combined effect of increased money lending revenue and decreased financial trading software solutions revenue[144](index=144&type=chunk)[149](index=149&type=chunk) - Gross profit was approximately **HK$12,527 thousand**, an increase of approximately **14.5%** year-on-year; gross margin was approximately **55.7%**, an increase of approximately **6.9 percentage points** year-on-year, mainly due to increased gross margin in financial trading software solutions and cost control[145](index=145&type=chunk)[149](index=149&type=chunk) - An impairment loss provision of approximately **HK$4,069 thousand** for loans and interest receivables was recorded during the period, compared to a reversal of approximately HK$808 thousand in the prior year[146](index=146&type=chunk)[150](index=150&type=chunk) - Administrative expenses were approximately **HK$17,066 thousand**, a decrease of approximately **6.8%** year-on-year, mainly due to the implementation of cost control and efficiency improvement measures[151](index=151&type=chunk)[156](index=156&type=chunk) - Net loss after tax for the period was approximately **HK$7,722 thousand**, a decrease from HK$9,888 thousand in the prior year, primarily benefiting from increased gross profit, a turnaround in fair value of financial assets, and reduced administrative expenses[152](index=152&type=chunk)[157](index=157&type=chunk) [Financial Resources, Liquidity and Capital Structure](index=34&type=section&id=Financial%20Resources%2C%20Liquidity%20and%20Capital%20Structure) The Group maintains a sound financial position with HK$13,435 thousand in cash, a 2.5x current ratio, and low gearing Financial Resources Overview (As of June 30) | Metric | June 30, 2025 (HK$ '000) | December 31, 2024 (HK$ '000) | | :--- | :--- | :--- | | Bank and cash balances | 13,435 | 10,857 | | Net current assets | 35,623 | 40,902 | | Current ratio (times) | 2.5 | 2.5 | | Total borrowings | 478 | 692 | | Gearing ratio | 0.01 | 0.01 | - Approximately **97.6%** of cash and cash equivalents were denominated in HKD, with the remainder in RMB[153](index=153&type=chunk)[158](index=158&type=chunk) - The bank finance lease has an effective annual interest rate of **4.83%** and is due for settlement on October 27, 2026[154](index=154&type=chunk)[158](index=158&type=chunk) [Treasury and Funding Policies](index=35&type=section&id=Treasury%20and%20Funding%20Policies) The Group prudently manages treasury and funding to ensure continuous operation and maximize shareholder returns - The Group adopts a prudent approach to its treasury and funding policies, effectively managing and supervising financial and fundraising activities[160](index=160&type=chunk)[166](index=166&type=chunk) - Capital is managed to ensure continuous operation and maximize shareholder returns by optimizing the debt and equity balance[160](index=160&type=chunk)[166](index=166&type=chunk) [Foreign Exchange Exposure](index=35&type=section&id=Foreign%20Exchange%20Exposure) The Group's HKD-denominated activities posed no significant foreign exchange risk, and no hedging instruments were used - The Group's business activities were primarily denominated in Hong Kong dollars during the period[161](index=161&type=chunk)[167](index=167&type=chunk) - The Directors believe the Group was not exposed to any significant foreign exchange risk[161](index=161&type=chunk)[167](index=167&type=chunk) - The Group did not adopt any financial instruments for hedging purposes during the period[161](index=161&type=chunk)[167](index=167&type=chunk) [Contingent Liabilities and Capital Commitments](index=35&type=section&id=Contingent%20Liabilities%20and%20Capital%20Commitments) As of June 30, 2025, the Group had no contingent liabilities or capital commitments - As of June 30, 2025, the Group had **no contingent liabilities**[162](index=162&type=chunk)[168](index=168&type=chunk) - As of June 30, 2025, the Group had **no capital commitments**[163](index=163&type=chunk)[169](index=169&type=chunk) [Capital Structure and Fund Raising Activities](index=35&type=section&id=Capital%20Structure%20and%20Fund%20Raising%20Activities) The Company increased authorized capital and raised HK$27.98 million via a 2024 rights issue, fully utilized for R&D, team expansion, and working capital - On December 5, 2023, the Board proposed increasing authorized share capital to **HK$100,000 thousand** and raising approximately **HK$27.98 million** through a rights issue[164](index=164&type=chunk)[170](index=170&type=chunk) - The rights issue and placing were completed on February 28, 2024, issuing **378,174,702 ordinary shares** and raising net proceeds of approximately **HK$26.51 million**[171](index=171&type=chunk)[174](index=174&type=chunk)[175](index=175&type=chunk)[176](index=176&type=chunk) - The net proceeds from the rights issue were primarily used to support the Shenzhen R&D center, expand the Hong Kong team, develop new IT system products, and for general working capital[173](index=173&type=chunk)[176](index=176&type=chunk) Utilization of Net Proceeds from Rights Issue (As of June 30) | Planned Use | Planned Use (HK$ million) | Unutilized Proceeds as of January 1, 2025 (HK$ million) | Proceeds Utilized as of June 30, 2025 (HK$ million) | | :--- | :--- | :--- | :--- | | Support Shenzhen R&D center | 9.40 | 2.54 | 9.40 | | Expand and support Hong Kong team | 7.10 | 2.41 | 7.10 | | Develop new IT system products | 7.20 | 1.87 | 7.20 | | General working capital | 2.81 | – | 2.81 | | **Total** | **26.51** | **6.82** | **26.51** | [Charges on Assets and Material Acquisition and Disposal](index=37&type=section&id=Charges%20on%20Assets%20and%20Material%20Acquisition%20and%20Disposal) The Group had no significant asset charges or material acquisition/disposal transactions during the period - As of June 30, 2025, the Group had **no significant charges on assets**[179](index=179&type=chunk)[181](index=181&type=chunk) - During the period, the Group did not undertake any **material acquisition or disposal transactions**[180](index=180&type=chunk)[182](index=182&type=chunk) [Dividend](index=38&type=section&id=Dividend) The Board does not recommend any interim dividend for the six months ended June 30, 2025 - The Board does not recommend the payment of any interim dividend for the period[183](index=183&type=chunk)[189](index=189&type=chunk) [Employees and Remuneration Policy](index=38&type=section&id=Employees%20and%20Remuneration%20Policy) The Group had 66 employees, with remuneration based on performance and industry practice, and total employee benefits of HK$17,943 thousand - As of June 30, 2025, the Group had **66 employees**, consistent with December 31, 2024[184](index=184&type=chunk)[190](index=190&type=chunk) - The Group maintains and enhances employee capabilities by providing adequate and regular training[184](index=184&type=chunk)[190](index=190&type=chunk) - Total employee benefit expenses (including directors' emoluments) for the period were approximately **HK$17,943 thousand**[184](index=184&type=chunk)[190](index=190&type=chunk) [Events after the Reporting Period](index=38&type=section&id=Events%20after%20the%20Reporting%20Period) Post-period, the Group entered new and renewed lease agreements for properties in Shenzhen and Hong Kong - On August 6, 2025, the Company's wholly-owned subsidiary entered into a China lease agreement for a Shenzhen property for **two years**[186](index=186&type=chunk)[191](index=191&type=chunk) - On August 7, 2025, the Company renewed a Hong Kong property lease agreement for **three years**[187](index=187&type=chunk)[191](index=191&type=chunk) - Under HKFRS 16 "Leases", these lease transactions are treated as asset acquisitions, requiring recognition of right-of-use asset values[188](index=188&type=chunk)[192](index=192&type=chunk) [Prospect](index=39&type=section&id=Prospect) Amid high interest rates, the Group will consolidate its IT position, diversify, explore investments, and maintain a prudent lending approach - In a global high-interest rate environment, risk appetite for corporate investment, business expansion, and individual consumption is expected to remain **conservative**[193](index=193&type=chunk)[197](index=197&type=chunk) - The Group will continue to consolidate its position in the IT industry, pursue business diversification, and actively explore suitable investment opportunities[194](index=194&type=chunk)[197](index=197&type=chunk) - The money lending business will adopt a **prudent approach** to granting new loans and actively recover existing loans and related interest[195](index=195&type=chunk)[197](index=197&type=chunk) [Other Information](index=39&type=section&id=Other%20Information) This section covers directors' and substantial shareholders' interests, securities transactions, corporate governance, and other relevant disclosures [Directors' and Chief Executive's Interests](index=39&type=section&id=Directors%27%20and%20Chief%20Executive%27s%20Interests) Executive Director Ms. Tian Yiyu beneficially owns 28.93% of the Company's shares, with no other disclosable interests Directors' and Chief Executive's Interests in Shares (As of June 30) | Name of Director | Capacity/Nature of Interest | Number of Shares Interested | Approximate Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Ms. Tian Yiyu | Beneficial owner | 145,868,000 (L) | 28.93 | - Save for Ms. Tian Yiyu, no other directors or chief executives held any interests or short positions required to be disclosed under SFO Section 352 or GEM Listing Rules 5.46 to 5.67[200](index=200&type=chunk)[202](index=202&type=chunk) [Substantial Shareholders' Interests](index=40&type=section&id=Substantial%20Shareholders%27%20Interests) Substantial shareholder Mr. Zhang Xiongfeng beneficially owns 12.37% of the Company's shares, with no other disclosable interests Substantial Shareholders' Interests in Shares (As of June 30) | Name of Shareholder | Capacity/Nature of Interest | Number of Shares Interested | Approximate Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Zhang Xiongfeng | Beneficial owner | 62,394,000 (L) | 12.37 | - Save for Mr. Zhang Xiongfeng, the Directors are not aware of any other persons holding interests or short positions required to be disclosed under SFO Section 336[204](index=204&type=chunk) [Purchase, Sale or Redemption of Listed Securities](index=41&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20Listed%20Securities) Neither the Company nor its subsidiaries purchased, sold, or redeemed any listed securities during the period - During the period, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities[206](index=206&type=chunk)[213](index=213&type=chunk) [Directors' Securities Transactions](index=41&type=section&id=Directors%27%20Securities%20Transactions) All directors confirmed compliance with the Company's securities transaction code and GEM Listing Rules during the period - The Company has adopted a code of conduct for directors' securities transactions, with terms no less exacting than those required by the GEM Listing Rules[207](index=207&type=chunk)[214](index=214&type=chunk) - Following specific enquiry, all directors confirmed compliance with the required dealing standards and the code of conduct during the period[207](index=207&type=chunk)[214](index=214&type=chunk) [Corporate Governance Practices](index=41&type=section&id=Corporate%20Governance%20Practices) The Company complied with all applicable corporate governance code provisions of the GEM Listing Rules during the period - During the period, the Company complied with all applicable code provisions of the Corporate Governance Code as set out in Appendix C1 Part 2 of the GEM Listing Rules then in effect[208](index=208&type=chunk)[215](index=215&type=chunk) [Competing Interests](index=41&type=section&id=Competing%20Interests) Executive Director Ms. Tian Yiyu has a competing interest in a money lending company; no other directors have such interests - Executive Director Ms. Tian Yiyu is a director of Rich Finance Company Limited, which primarily engages in money lending, creating a competing interest with the Group's business[209](index=209&type=chunk)[216](index=216&type=chunk) - Save for the above disclosure, no other directors or their close associates held any business or interest that directly or indirectly constitutes or may constitute competition with the Group's business[210](index=210&type=chunk)[216](index=216&type=chunk) [Change of Directors and Changes in Directors' Information](index=41&type=section&id=Change%20of%20Directors%20and%20Changes%20in%20Directors%27%20Information) Director changes include new appointments for executive and independent non-executive roles, and a name change for an executive director - Effective April 1, 2025, Mr. Lam Ting resigned as Executive Director, and Mr. Yu Kwan Nam was appointed as Executive Director[211](index=211&type=chunk)[217](index=217&type=chunk) - Effective April 1, 2025, Ms. Li Kwan Ling resigned as Independent Non-executive Director, and Mr. Hung Ka Hei was appointed as Independent Non-executive Director[211](index=211&type=chunk)[217](index=217&type=chunk) - Effective May 22, 2025, Ms. Liu Mengting, Executive Director and Chief Executive Officer, changed her name to Ms. Tian Huanxin[219](index=219&type=chunk)[225](index=225&type=chunk) [Audit Committee](index=42&type=section&id=Audit%20Committee) The Audit Committee, comprising three independent non-executive directors, reviews financial information and oversees reporting, risk, and internal controls - The Audit Committee was established on September 10, 2013, with primary responsibilities including reviewing the Company's financial information and overseeing financial reporting, risk management, and internal control systems[222](index=222&type=chunk)[226](index=226&type=chunk) - The Audit Committee comprises three independent non-executive directors: Mr. Hon Ming Sang (Chairman), Mr. Tang Shu Pui, and Mr. Hung Ka Hei[223](index=223&type=chunk)[226](index=226&type=chunk) - The Audit Committee has reviewed the Group's unaudited condensed consolidated results for the period and this report, deeming them compliant with applicable accounting standards and requirements[224](index=224&type=chunk)[226](index=226&type=chunk)

Core Viewpoint - The company expects a significant reduction in net losses for the first half of 2025, projecting a decrease of no less than 20% compared to previous periods [1] Financial Performance - The company reported a net loss of approximately 9.9 million Hong Kong dollars for the year 2024 [1]

智通财经APP讯，汇财金融投资(08018)公布，该集团预期2025年上半年净亏损减少不少于20%，2024年 净亏损约990万港元。 公告称，预期净亏损减少主要是由于以下各项的综合影响(i)2025年中期集团的的毛利相较2024年中期的 约1090万港元有所增加;(ii) 2024年中期确认的按公平价值计入损益的金融资产的公平价值净亏损约340 万港元转为2025年中期的按公平价值计入损益的金融资产的公平价值净收益;(iii) 由于集团于2025年中 期实施成本控制及提效措施，集团于2025年中期产生的行政开支金额较2024年中期的约1830万港元有所 减少;及(iv) 2024年中期确认应收贷款及利息减值亏损拨备拨回约80万港元转为2025年中期的应收贷款及 利息减值亏损拨备。前述集团于2025年中期取得按公平价值计入损益的金融资产的公平价值净收益及应 收贷款及利息减值亏损拨备为非现金项目及对集团现金流量及经营业务并无即时影响。 ...

公告称，预期净亏损减少主要是由于以下各项的综合影响(i)2025年中期集团的的毛利相较2024年中期的 约1090万港元有所增加;(ii)2024年中期确认的按公平价值计入损益的金融资产的公平价值净亏损约340万 港元转为2025年中期的按公平价值计入损益的金融资产的公平价值净收益;(iii)由于集团于2025年中期实 施成本控制及提效措施，集团于2025年中期产生的行政开支金额较2024年中期的约1830万港元有所减 少;及(iv)2024年中期确认应收贷款及利息减值亏损拨备拨回约80万港元转为2025年中期的应收贷款及利 息减值亏损拨备。前述集团于2025年中期取得按公平价值计入损益的金融资产的公平价值净收益及应收 贷款及利息减值亏损拨备为非现金项目及对集团现金流量及经营业务并无即时影响。 汇财金融投资(08018)公布，该集团预期2025年上半年净亏损减少不少于20%，2024年净亏损约990万港 元。 ...