香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立及於百慕達存續之有限公司） （股份代號：8120） 董事會會議日期 國農金融投資有限公司 主 席 吳文俊 香港，二零二五年八月一日 於本公告日期，董事會包括三名執行董事，即吳文俊先生、吳廷浩先生及陳志鋒 先生及三名獨立非執行董事，即陳衍行先生、洪君毅先生及吳婧女士。 本公告的資料乃遵照GEM上 市 規 則 而 刊 載，旨 在 提 供 有 關 本 公 司 的 資 料。董 事 願就本公告的資料共同及個別地承擔全部責任。各董事在作出一切合理查詢後， 確 認 就 其 所 知 及 所 信，本 公 告 所 載 資 料 在 各 重 要 方 面 均 屬 準 確 完 備，沒 有 誤 導 或 欺 詐 成 份，且 並 無 遺 漏 任 何 其 他 事 項，足 以 令 致 本 公 告 所 載 任 何 陳 述 或 本 公 告產生誤導。 本公告將由刊登之日起計最少一連七日刊登於聯交所網站(www.hkexnews ...

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7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: 國農金融投資有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 08120 | 說明 | 不適用 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 135,522,300 | | 0 | | 135,522,300 | | 增加 / 減少 (-) | | | 0 | | | | | | 本月底結存 | | | 135,522,300 | | 0 | | 135,522,300 | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | ...

Financial Performance - For the year ended December 31, 2024, the Group recorded revenue of approximately HK$134,342,000, a decrease of 14.5% from HK$156,940,000 in 2023[20] - Loss attributable to owners of the Company amounted to approximately HK$38,397,000, compared to a loss of HK$45,308,000 in 2023, indicating an improvement of 15.5%[20] - General and administrative expenses totaled approximately HK$122,132,000 for the year[20] - Revenue from continuing operations increased by approximately 14.4% to approximately HK$134,342,000, compared to HK$156,940,000 in 2023[40] - The Group recorded a fair value gain on financial assets through profit or loss of approximately HK$175,000, a significant recovery from a loss of approximately HK$13,232,000 in 2023[28] - The Group recorded a net loss attributable to owners of approximately HK$38,397,000 for the year ended 31 December 2024, an improvement from a loss of HK$45,308,000 in 2023[39] Revenue Breakdown - Income from the food and beverage business was approximately HK$117,425,000, contributing significantly to overall revenue[20] - Revenue from the financial services business amounted to approximately HK$9,615,000, an increase from HK$9,149,000 in 2023[22] - The food and beverage business generated revenue of approximately HK$117,425,000, down from HK$139,815,000 in 2023[29] - The children education business saw revenue increase to approximately HK$5,354,000 from HK$4,598,000 in 2023[30] - The alcoholic beverage distribution and miscellaneous business revenue decreased to approximately HK$673,000 from HK$2,092,000 in 2023, indicating a need for performance monitoring[29] Impairment and Losses - The impairment loss of property, plant and equipment was approximately HK$8,579,000, and the impairment loss of loans and interest receivables was approximately HK$2,135,000[20] - The reversal of impairment loss of trade receivables was approximately HK$1,250,000, providing some offset to losses[20] - The Group recorded an impairment loss on loans and interest receivables of approximately HK$2.1 million for the year ended December 31, 2024, a decrease from approximately HK$4 million in 2023[93] - The accumulated impairment loss of approximately HK$8.4 million represented about 68.2% of gross loans and interest receivables as of December 31, 2024[94] - An impairment loss of goodwill of approximately HK$30,000 was recognized for the alcoholic beverage distribution business, down from HK$107,000 in the previous year, indicating a reduction of approximately 72%[200] Market Conditions and Strategy - The Chairman highlighted external challenges such as rising trade protectionism and slower U.S. interest rate reductions that may impact future growth[33] - The Group aims to adapt strategies proactively to safeguard growth and profitability amid evolving economic conditions[33] - The food and beverage industry in Hong Kong faced significant challenges in 2024, with a notable 11.3% year-on-year decline in retail sales in December 2024, marking the tenth consecutive month of contraction[49] - The Group plans to focus resources on the Hong Kong market to enhance operational efficiency[29] - The Group continues to enhance its brand portfolio and secure commercially viable locations for new restaurants under favorable terms despite market pressures[57] Money Lending Business - The Group utilized surplus liquidity to fund its money lending business through its indirectly wholly-owned subsidiaries[21] - As of December 31, 2024, the aggregate net amount of loans and interest receivable in the Group's money lending segment was approximately HK$3.9 million, with personal loans and corporate loans representing approximately 52.4% and 47.6% of the total active and outstanding loan portfolio respectively[77] - The effective interest rate of the active and outstanding loans in the loan portfolio ranged from approximately 10% to 18% per annum as of December 31, 2024[78] - The Group's money lending business primarily targets well-heeled and reputable customers, including executives, businessmen, and professionals[85] - The Group has complied with applicable GEM Listing Rules when granting loans to customers under its money lending business segment[72] Credit Risk Management - The Group has implemented internal control measures to manage credit risk, including regular analysis of the loan portfolio and monitoring of loans post-drawdown[129] - The Credit Committee oversees the credit policy and loan portfolio, with members appointed by the Board[111] - Strict credit assessment procedures are in place to evaluate the repayment ability of customers, with no specific quantitative criteria for loan approvals[118] - The Group regularly monitors and revises the criteria used to identify significant increases in credit risk[108] - The expected credit loss (ECL) model is updated at each reporting date to reflect changes in credit risk since initial recognition[152] Margin Financing - As of 31 December 2024, the aggregate amount of trade receivable related to margin financing was approximately HK$44 million, with personal clients representing about 65% and business clients about 35% of the total[145][147] - The effective interest rate for active and outstanding loans to margin clients ranged from approximately 8.9% to 18.9% per annum, with margin loans being repayable on demand[150] - The Group's margin client receivables were secured by collateral securities valued at approximately HK$169.9 million as of December 31, 2024, down from HK$220.8 million in 2023[153] - For the year ended December 31, 2024, no impairment loss was recognized on loans to margin clients, compared to an impairment loss of HK$1.3 million in 2023[158] - The Group will continue to monitor the margin financing portfolio closely and adopt risk control strategies while expanding the customer base[154]

Financial Performance - The Group's audited consolidated financial results for the year ended December 31, 2024, have been announced[2]. - For the year ended 31 December 2024, the Group recorded revenue of approximately HK$134,342,000, a decrease of 14.4% from HK$156,940,000 in 2023[44]. - The net loss attributable to owners of the Company was approximately HK$38,397,000, an improvement from a loss of HK$45,308,000 in 2023[43]. - Revenue from continuing operations increased by approximately 14.4% to about HK$134,342,000, while gross profit from continuing operations was approximately HK$92,279,000[47]. - The food and beverage business generated revenue of approximately HK$117,425,000, down from HK$139,815,000 in the previous year, indicating a decline of about 16%[50]. - The children education business reported revenue of approximately HK$5,354,000, an increase from HK$4,598,000 in 2023[34]. - The Group recorded a fair value gain on financial assets through profit or loss of approximately HK$175,000, compared to a loss of HK$13,232,000 in 2023[32]. - The loan interest income from the money lending business segment amounted to approximately HK$1,137,000 for the year ended 31 December 2024, compared to HK$1,111,000 for the previous year, reflecting a growth of approximately 2.3%[142]. - Interest income from the financial service business segment amounted to approximately HK$5,273,000 during the year, down from HK$6,514,000 in 2023[181]. Operational Insights - The report includes a five-year financial summary, providing insights into the Group's performance trends[13]. - The Group's management discussion and analysis section will detail operational strategies and market conditions[13]. - The Chairman's statement will outline the Group's future outlook and strategic direction[23]. - The report will cover new product developments and technological advancements undertaken by the Group[13]. - The Group is exploring market expansion opportunities and potential mergers and acquisitions[13]. - The Group plans to focus resources in Hong Kong and monitor the performance of its businesses to assess future development opportunities[33]. Expenses and Impairments - General and administrative expenses decreased to approximately HK$122,132,000 from HK$132,582,000 in 2023[45]. - Impairment losses included approximately HK$8,579,000 for property, plant and equipment and HK$2,135,000 for loans and interest receivables[43]. - An impairment loss of approximately HK$8,579,000 on property, plant, and equipment was recorded, significantly higher than the HK$2,370,000 recorded in the previous year[52]. - The impairment loss on loans and interest receivables for the year ended December 31, 2024, was approximately HK$2.1 million, a decrease from approximately HK$4 million in 2023[100]. - The cumulative impairment loss related to corporate loans guaranteed by individuals was approximately HK$8,400,000, representing about 68.2% of the total receivables and interest as of December 31, 2024[103]. Money Lending Business - The Group's money lending business offers both secured and unsecured loans, including personal loans, business loans, and mortgage loans[76]. - The effective interest rate of active and outstanding loans in the money lending portfolio ranged from approximately 10% to 18% per annum[84]. - The Group's money lending business commenced in December 2013 and has since developed a diversified range of services to meet various customer needs[69]. - The market for licensed money lenders in Hong Kong is competitive, with over 2,110 licensed money lenders as of 31 December 2024[74]. - The Group has complied with GEM Listing Rules when granting loans to customers, ensuring regulatory adherence[80]. Credit Risk Management - The Group's loan portfolio is closely monitored, particularly loans to major customers, to manage credit risk effectively[96]. - The assessment of credit risk includes both quantitative and qualitative information, considering historical experience and forward-looking data[105]. - Significant deterioration in the debtor's financial condition or external credit ratings may lead to a reassessment of credit risk[106]. - The Group has engaged legal action against borrowers to recover outstanding debts, including sending demand letters and filing claims in court[108]. - The overall strategy includes maintaining strict internal controls and monitoring to enhance customer repayment capabilities[103]. Margin Financing - As of 31 December 2024, the aggregate amount of trade receivable related to margin financing was approximately HK$44 million, with personal clients representing about 65% and business clients about 35% of the total[155]. - The effective interest rate for active and outstanding loans to margin clients ranged from approximately 8.9% to 18.9% per annum as of 31 December 2024[160]. - The largest customer of the margin financing business had a loan amount of approximately HK$9.0 million, accounting for 20% of the total loans to margin clients, while the five largest customers accounted for 71% of the total[161]. - The market value of securities pledged as collateral for margin clients was approximately HK$169.9 million as of 31 December 2024, down from HK$220.8 million in 2023[159]. - The Group performs impairment assessments on trade receivables under the expected credit loss model, updating the amount at each reporting date to reflect changes in credit risk[162]. Economic and Market Conditions - The economic recovery is slower than anticipated, influenced by high interest rates and geopolitical factors, prompting authorities to implement measures to enhance financial competitiveness[199]. - The food and beverage industry in Hong Kong faced significant challenges, with a notable 11.3% year-on-year decline in retail sales in December 2024[53].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立及於百慕達存續之有限公司） （股份代號：8120） 二零二四年中期業績公佈 國 農 金 融 投 資 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 稱 為「本集團」）董 事（「董 事」） 會（「董事會」）欣 然 公 佈 本 集 團 截 至 二 零 二 四 年 六 月 三 十 日 止 六 個 月 之 未 經 審 核 業 績。本 公 佈 載 有 本 公 司 二 零 二 四 年 中 期 報 告 全 文，乃 符 合 香 港 聯 合 交 易 所 有 限公司GEM證 券 上 市 規 則（「GEM上市規則」）中 有 關 中 期 業 績 初 步 公 佈 附 載 資 料 之相關要求。 承董事會命 國農金融投資有限公司 主 席 吳文俊 香港，二零二四年八月十四日 於本公告日期，董事會包括三名執行董事，即吳文俊先生、吳廷浩先生及陳志鋒 先生及三名獨立非執行董事，即陳衍行先生、任亮憲先生及洪君毅先生 ...

Financial Performance - For the year ended December 31, 2023, the Group recorded revenue of approximately HK$156,940,000, an increase of 10.5% from HK$141,903,000 in 2022[18]. - The loss attributable to owners of the Company for 2023 was approximately HK$45,308,000, compared to HK$18,844,000 in 2022, indicating a significant increase in losses[18]. - Revenue from continuing operations increased by approximately 10.6% to approximately HK$156,940,000 for the year, up from HK$141,903,000 in 2022[44]. - Gross profit from continuing operations was approximately HK$104,366,000, up from HK$95,803,000 in the previous year[46]. - Revenue from the food and beverage business amounted to approximately HK$139,815,000, an increase from HK$117,564,000 in the previous year[50]. - Revenue from the financial services business was approximately HK$9,149,000, down from HK$15,214,000 in 2022, indicating a decline of approximately 39.5%[44]. - Revenue from the distribution of alcoholic beverages and miscellaneous business amounted to approximately HK$2,092,000 for the year, up from HK$1,596,000 in the previous year, representing a growth of 31.1%[198]. Losses and Impairments - The fair value loss on financial assets through profit or loss amounted to approximately HK$13,232,000, contributing to the overall loss[18]. - The Group experienced a fair value loss on financial assets through profit or loss of approximately HK$13,232,000 during the year[43]. - The Group recorded an impairment loss on loans and interest receivables of approximately HK$4 million for the year ended December 31, 2023, compared to approximately HK$2 million for the corresponding period in 2022[98]. - The accumulated impairment loss amounted to approximately HK$6 million, representing approximately 52.1% of gross loans and interest receivables of the money lending business as of December 31, 2023[101]. - The impairment loss for the year was approximately HK$4 million, primarily from unsecured loans totaling HK$6 million, which accounted for about 52.1% of the total receivables as of December 31, 2023[103]. Money Lending Business - Loan interest income from the money lending business was approximately HK$1,111,000, a decrease from HK$2,713,000 in 2022[19]. - The loss in the money lending business increased by approximately HK$3,432,000 compared to the previous year[18]. - The Group's money lending business generated an aggregate amount of loans and interest receivable of approximately HK$5.8 million as of December 31, 2023, with personal loans and corporate loans representing approximately 24% and 76% of the total loan portfolio respectively[85]. - As of December 31, 2023, approximately 100% of the outstanding loan balance was repayable within one year, indicating a focus on short-term lending[85]. - The effective interest rate for the active and outstanding loans in the Group's money lending portfolio ranged from approximately 10% to 18% per annum, with unsecured loans making up about 60% of the total number of loans[86]. - The Group's money lending business primarily offers secured and unsecured loans, including personal, business, and mortgage loans, tailored to meet diverse customer needs[80]. - The Group has been actively developing its money lending business since December 2013, focusing on providing diversified services to individuals and corporations[74]. - The market for licensed money lenders in Hong Kong is competitive, with over 2,270 licensed money lenders as of December 31, 2023[75]. Credit Risk Management - The Group will continue to adhere to established internal control measures to monitor timely repayment and control credit risks[101]. - The Group continues to monitor credit risk indicators and adjust its internal controls to mitigate potential losses[112]. - The Group has established standardized and centralized credit policies for loan approval processes[118]. - The Credit Committee is responsible for approving and monitoring the Group's lending policies and loan portfolio[118]. - The Group applies strict credit assessment procedures to evaluate the repayment ability of customers, with no specific quantitative conditions for loan approvals[120]. - For individual customers, key factors in loan evaluation include income proof, asset proof, and willingness to provide personal guarantees[122]. - For corporate customers, the evaluation focuses on revenue streams, asset proof, and the ability to provide personal guarantees or collateral[123]. - The Group presumes that credit risk has significantly increased when contractual payments are more than 365 days past due, unless there is reasonable information to demonstrate otherwise[167]. Operational Challenges - The food and beverage industry continues to face challenges from intense competition and rising operating costs, including increased rental, food, and labor expenses[53]. - The operating environment for the food and beverage industry in Hong Kong is expected to remain challenging, with local consumer spending facing headwinds due to elevated interest rates and a strong Hong Kong dollar[61]. - The financial and real estate markets in Hong Kong faced significant challenges, with IPOs and property transactions at their lowest levels since 2003 and 1991, respectively[34]. - The company is facing challenges due to substantial withdrawals from China's economy, impacting interest income from margin financing and commission revenue from brokerage services[195]. - The company has demonstrated resilience in the face of global financial challenges, maintaining a steadfast position despite adverse market conditions[195]. Strategic Initiatives - The Group plans to continue diversifying its investment portfolios to mitigate financial risks and enhance returns to shareholders[26]. - The Group plans to focus its resources more effectively in Hong Kong to enhance business performance[29]. - The Group is seeking new opportunities for future development, particularly in the children education sector with the establishment of a new school premises in Chai Wan[28]. - The Group plans to explore prudent expansion opportunities through new brands and strategically located sites to navigate the competitive landscape[66]. - The Group has implemented initiatives to enhance customer satisfaction and operational efficiency in its restaurants to attract customers back[33]. - The Group will closely monitor market conditions and adjust interest rates and loan-to-value ratios to optimize the balance between risk and capital[134][138].

Financial Performance - The Group reported a comprehensive performance for the year ended December 31, 2023, in compliance with GEM Listing Rules[3]. - The annual report includes a detailed financial summary, highlighting key metrics and performance indicators[12]. - The Board confirms that the information contained in the annual report is accurate and complete in all material respects[9]. - For the year ended December 31, 2023, the Group recorded revenue of approximately HK$156,940,000, representing an increase of 10.5% from HK$141,903,000 in 2022[23]. - The loss attributable to owners of the Company amounted to approximately HK$45,308,000, compared to a loss of HK$18,844,000 in 2022, indicating a significant increase in losses[23]. - Revenue from continuing operations increased by approximately 10.6% to HK$156,940,000 for the year, up from HK$141,903,000 in 2022, with gross profit rising to approximately HK$104,366,000 from HK$95,803,000[49][51]. - The financial services business generated revenue of approximately HK$9,149,000, down 40% from HK$15,214,000 in 2022[30]. - Interest income from the financial services business segment amounted to approximately HK$6,514,000 during the year, down from HK$8,957,000 in 2022[176]. Business Segments - The food and beverage business turnover increased to approximately HK$139,815,000, up 18.9% from HK$117,564,000 in 2022[32]. - The money lending business reported loan interest income of approximately HK$1,111,000, a decrease of 59% from HK$2,713,000 in 2022[24]. - The children education business turnover was approximately HK$4,598,000, slightly up from HK$4,500,000 in 2022[33]. - The food and beverage business generated revenue of approximately HK$139,815,000, an increase from HK$117,564,000 in the previous year, maintaining 11 restaurants in Hong Kong[55][60]. Impairment and Losses - The Group recorded a fair value loss on financial assets through profit or loss of approximately HK$13,232,000[31]. - An impairment loss of approximately HK$2,370,000 on property, plant, and equipment was recorded, with an additional HK$2,028,000 related to right-of-use assets for restaurant leases[57][60]. - The Group recorded an impairment loss on loans and interest receivables of approximately HK$4 million for the year ended December 31, 2023, compared to approximately HK$2 million for the corresponding period in 2022[102]. - The Group has recorded an impairment loss on loans and interest receivables of approximately HK$1.6 million for one loan and HK$2.6 million for another loan in 2023, with both loans fully impaired[113][114]. - The impairment loss of HK$1.3 million was primarily due to an individual with a margin shortfall of HK$3.6 million since January 2022, with an effective interest rate ranging from 13% to 18.9% per annum[165]. Credit Risk Management - The Group will continue to monitor the performance of its investments and adjust strategies to mitigate financial risks[31]. - The Group assesses credit risk by comparing the risk of default at the reporting date with the risk at initial recognition, considering both quantitative and qualitative information[106]. - The Group's internal control measures aim to enhance the recoverability of customers[105]. - The Credit Committee evaluates loan applications based on factors such as income proof, asset proof, and the willingness to provide personal guarantees for individual customers[126]. - The Group has established internal control measures to manage credit risk, including regular analysis of the loan portfolio and monitoring of loans post-drawdown[134][136]. Market Environment - The economic environment remains challenging, with significant declines in IPOs and property transactions in Hong Kong[39]. - The operating environment for the food and beverage industry in Hong Kong is expected to remain challenging, with local consumer spending facing headwinds due to elevated interest rates and a strong Hong Kong dollar[66]. - The operating environment for the Hong Kong restaurant industry is expected to remain challenging, with high interest rates and local consumer spending under pressure[68]. - The company is facing challenges due to significant capital withdrawal from China's economy, impacting interest income from margin financing services[199]. Corporate Governance and Transparency - The Chairman's statement emphasizes the Group's commitment to transparency and accountability to shareholders[22]. - The report outlines the corporate governance structure, including the roles of various committees within the Board[17]. - The Group's management continues to assess market conditions closely to ensure strategic flexibility in capturing growth areas[71]. Future Plans and Strategies - The Group plans to focus resources in Hong Kong and enhance customer satisfaction through various initiatives[38]. - The Group plans to explore prudent expansion opportunities through new brands and strategically located sites to navigate the competitive landscape and rising operating costs[71]. - The Group's management emphasizes comprehensive service delivery to investors, both online and offline, to maintain a strong position despite adverse market conditions[199].

Financial Performance - The Company reported a loss attributable to owners of approximately HK$29,045,000 for the nine months ended 30 September 2023, compared to a loss of approximately HK$15,220,000 in the same period last year[8]. - For the nine months ended September 30, 2023, the loss increased to HK$29,618,000 from a loss of HK$15,661,000 in the same period of 2022, indicating a worsening financial performance[14]. - The total comprehensive income for the period attributable to owners of the company was a loss of HK$7,576,000 for the three months ended September 30, 2023, compared to a profit of HK$1,354,000 in the same period of 2022[15]. - The loss per share for the nine months ended September 30, 2023, was HK$3.86, compared to HK$2.45 for the same period in 2022, reflecting increased losses per share[15]. - The company experienced a total comprehensive expense of HK$29,338,000 for the nine months ended September 30, 2023, compared to HK$15,852,000 in the same period of 2022[14]. - The profit for the period attributable to owners of the Company for the three months ended 30 September 2023 was a loss of HK$7,576,000, compared to a profit of HK$1,351,000 for the same period in 2022[67]. - For the nine months ended September 30, 2023, the company reported a loss of HK$29,045,000, compared to a loss of HK$15,220,000 for the same period in 2022, representing an increase in loss of 91.5%[87]. - The total comprehensive income/(expense) for the period ended September 30, 2023, was a loss of HK$28,765,000, compared to a loss of HK$15,411,000 for the same period in 2022, indicating a deterioration of 86.1%[87]. - As of September 30, 2023, the accumulated losses stood at HK$333,855,000, an increase from HK$301,186,000 as of September 30, 2022, reflecting a rise of 10.8%[87]. Revenue and Profitability - Revenue from continuing operations was approximately HK$120,859,000 for the Period, representing an increase of approximately HK$19,619,000 from approximately HK$101,240,000 last year[8]. - Revenue for the nine months ended September 30, 2023, increased by 19.5% to HK$120,859,000 from HK$101,240,000 in the prior year[32]. - Revenue from the food and beverage business generated revenue of HK$107,472,000 for the nine months ended September 30, 2023, up from HK$82,725,000 in 2022, representing a growth of 29.9%[30]. - Revenue for the three months ended September 30, 2023, was HK$41,514,000, a slight decrease of 0.12% compared to HK$41,564,000 for the same period in 2022[30]. - Revenue from the provision of children education services was approximately HK$3,360,000, compared to HK$3,131,000 in the previous year[126]. - Revenue from external customers of China Demeter Securities Limited amounted to approximately HK$7,151,000, a decrease from HK$12,194,000 in the same period last year[133]. Expenses and Costs - The cost of sales and services for the nine months ended 30 September 2023 was HK$40,316,000, an increase from HK$33,033,000 in the previous year[12]. - General and administrative expenses for the nine months ended 30 September 2023 were HK$99,209,000, compared to HK$87,644,000 in the same period last year[12]. - Interest on lease liabilities increased to HK$813,000 for the three months ended 30 September 2023, compared to HK$485,000 in the same period last year[48]. - Total finance costs for the three months ended 30 September 2023 were HK$863,000, slightly down from HK$890,000 in the previous year[48]. - The Group's total income tax expense for the nine months ended 30 September 2023 was HK$67,000, compared to HK$18,000 for the same period last year[52]. Dividends and Shareholder Returns - The Board of Directors does not recommend the payment of any interim dividend for the nine months ended 30 September 2023, consistent with the previous year[8]. - The Company did not recommend the payment of any interim dividend for the nine months ended 30 September 2023, consistent with the previous year where no dividend was paid[79]. - The company reported general and administrative expenses of HK$178,000 for the period[63]. Disposals and Acquisitions - The Company completed the disposal of Talent Ford Group Limited for a total cash consideration of HK$1,300,000, resulting in a gain on disposal of HK$316,000[96][104]. - The Company also disposed of Circle Trend Group Limited for HK$925,000, resulting in a gain on disposal of HK$407,000[102][104]. - The Company disposed of 15.93% of its equity interest in Wealthy Leader Limited, reducing its continuing interest to 84.07%, with proceeds of approximately HK$3,000 received in cash[89]. - The cash consideration received from the disposal of the food and beverage business was HK$29,000, while the cash and cash equivalents disposed of amounted to HK$372,000, resulting in a net cash outflow of HK$343,000[64]. Financial Position and Equity - The total equity attributable to owners of the company as of September 30, 2023, was HK$100,036,000, a decrease from HK$132,171,000 as of September 30, 2022, indicating a decline of 24.2%[87]. - The company’s financial position reflects ongoing challenges, with a significant increase in losses and a decrease in total equity, necessitating strategic reassessment[87]. - The company's reserves as of September 30, 2023, included a capital reserve of HK$61,545,000 and a share premium of HK$212,905,000, remaining unchanged from the previous year[87]. Corporate Governance - The company has complied with the Corporate Governance Code as set out in the GEM Listing Rules[195]. - The company has adopted a code of conduct regarding securities transactions by directors, confirming compliance during the period[194]. - The Audit Committee consists of three independent non-executive Directors[200]. - The Audit Committee has reviewed the third quarterly results for the nine months ended 30 September 2023[200]. - The Board comprises three executive Directors and three independent non-executive Directors[200].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立及於百慕達存續之有限公司） （股份代號：8120） 二零二三年第三季度業績公佈 國農金融投資有限公司（「本公司」，連同其附屬公司稱為「本集團」）董事（「董事」） 會（「董事會」）欣然公佈本集團截至二零二三年九月三十日止九個月之未經審核 業績。本公佈載有本公司二零二三年第三季度報告全文，乃符合香港聯合交易 所有限公司GEM證券上市規則（「GEM上市規則」）中有關第三季度業績初步公佈 附載資料之相關要求。 承董事會命 國農金融投資有限公司 主席 吳文俊 香港，二零二三年十一月十三日 於本公告日期，董事會包括三名執行董事，即吳文俊先生、吳廷浩先生及陳志鋒 先生及三名獨立非執行董事，即陳衍行先生、任亮憲先生及洪君毅先生。 ...

Financial Performance - The Company reported a loss attributable to owners of approximately HK$21,469,000 for the six months ended 30 June 2023, compared to a loss of approximately HK$16,571,000 in the same period last year, representing an increase in loss of about 29%[9]. - Revenue from continuing operations was approximately HK$79,345,000 for the Period, an increase of approximately HK$19,669,000 or 32.9% compared to HK$59,676,000 in the same period last year[9]. - Gross profit from continuing operations for the Period was approximately HK$53,304,000, compared to approximately HK$40,390,000 in the same period last year, indicating a growth of about 32%[9]. - Loss before tax for the six months was approximately HK$21,624,000, compared to a loss of HK$17,701,000 in the same period last year, indicating an increase in loss of about 22%[13]. - The total comprehensive expense for the period attributable to owners of the company for the six months ended June 30, 2023, was HK$21,189,000, compared to HK$16,765,000 in 2022, reflecting a 26% increase[15]. - The company reported a total comprehensive expense of HK$9,631,000 for the three months ended June 30, 2023, compared to HK$3,204,000 in 2022, a significant increase of 201%[15]. - The loss per share for the six months ended June 30, 2023, was HK$2.85, compared to HK$2.70 in the same period of 2022, indicating a 6% increase in loss per share[16]. - For the three months ended June 30, 2023, the company reported a loss of HK$9,911,000 compared to a loss of HK$3,203,000 in the same period of 2022, representing an increase in loss of 209%[14]. Revenue Segments - Total revenue for the six months included contributions from various segments, with the food and beverage business generating approximately HK$69,793,000, up from HK$47,120,000 in the same period last year, reflecting a growth of about 48%[13]. - Segment revenue from alcoholic beverages distribution increased to HK$1,024,000 in 2023 from HK$608,000 in 2022, a growth of 68%[43]. - Revenue from food and beverage segment rose to HK$69,793,000 in 2023, compared to HK$47,120,000 in 2022, marking a 48% increase[43]. - Revenue from financial services, including commissions from securities dealing, totaled HK$1,036,000 for the six months ended June 30, 2023, down from HK$2,828,000 in 2022, a decline of 63.4%[56]. Expenses and Costs - General and administrative expenses increased to approximately HK$65,408,000 for the six months ended 30 June 2023, compared to HK$56,507,000 in the same period last year, representing an increase of about 15.5%[13]. - The cost of sales for the six months ended June 30, 2023, was HK$26,041,000, compared to HK$19,259,000 in 2022, representing a 35.2% increase[83]. - Central administration costs decreased to HK$5,743,000 in 2023 from HK$7,308,000 in 2022, showing improved cost management[43]. Cash Flow and Assets - The company's cash and cash equivalents decreased to HK$26,029,000 as of June 30, 2023, down from HK$42,325,000 at the end of 2022, a decline of 38%[18]. - Trade receivables decreased to HK$57,672,000 as of June 30, 2023, from HK$80,097,000 at the end of 2022, representing a reduction of 28%[18]. - The company's non-current assets totaled HK$62,653,000 as of June 30, 2023, compared to HK$40,253,000 at the end of 2022, an increase of 56%[18]. - Total assets less current liabilities decreased to HK$129,328,000 as of June 30, 2023, down from HK$142,560,000 as of December 31, 2022, representing a decline of approximately 9.5%[19]. - Net assets decreased to HK$107,967,000 as of June 30, 2023, compared to HK$129,371,000 as of December 31, 2022, indicating a reduction of about 16.5%[19]. Dividends and Share Capital - The Board of Directors does not recommend the payment of any interim dividend for the six months ended 30 June 2023, consistent with the previous year where no dividend was paid[9]. - The issued and fully paid share capital remained at 752,902,000 shares as of June 30, 2023, unchanged from the previous period[178]. Financial Reporting and Compliance - The audit committee of the Board has reviewed the interim results, which are unaudited but presented in compliance with the GEM Listing Rules[10]. - The interim financial statements for the six months ended June 30, 2023, have been prepared in accordance with HKAS 34 and GEM Listing Rules[30]. - The financial statements are unaudited but have been reviewed by the Audit Committee, ensuring compliance with accounting standards[32]. Strategic Moves and Disposals - The company disposed of 15.93% of its equity interest in Wealthy Leader Limited, reducing its continuing interest to 84.07%, with proceeds from the disposal amounting to approximately HK$3,000,000[22]. - The company completed the disposal of Talent Ford Group Limited for a cash consideration of HK$1,300,000 on March 10, 2023[183]. - The company completed the disposal of its 100% equity interest in Surplus Jade International Limited for a cash consideration of HK$450,000, resulting in a gain on disposal of HK$450,000[186]. - The company also disposed of Circle Trend Group Limited for HK$925,000, achieving a gain on disposal of HK$407,000 after accounting for net assets disposed of HK$518,000[189]. Risk Management - The Company emphasizes the importance of understanding the potential risks associated with investing in small and mid-sized companies listed on GEM[2]. - The Group considers that the adoption of new HKFRSs effective from January 1, 2023, will not have a material impact on its financial results[35]. - The Group is assessing the impact of new financial reporting standards on its results and financial position, indicating proactive management[35].