Financial Performance - The total revenue for the year was HKD 308.33 million, an increase of 59.97% compared to HKD 192.74 million in the previous year[61]. - The company recorded a profit of HKD 53.65 million for the year, compared to HKD 146.38 million in the previous year[61]. - For the fiscal year ending March 31, 2024, the operating profit was HKD 240,071,000, an increase from HKD 137,013,000 in the previous year, representing a growth of 75.2%[88]. - The total revenue for the year was HKD 522,006,000, compared to HKD 469,589,000 in the previous year, indicating an increase of 11.1%[95]. - The net profit attributable to the company's owners for the year was HKD 53,653,000, down from HKD 146,383,000, reflecting a decrease of 63.4%[88]. - The company's earnings per share (EPS) for the year was HKD 0.51, a decrease from HKD 1.80 in the previous year, representing a decline of 71.7%[88]. - The company did not declare or recommend any dividends for the year 2024, consistent with 2023[111]. - The group received dividends amounting to HKD 61.775 million, an increase from HKD 41.536 million in the previous year[166]. Investment Activities - The company made new investments totaling HKD 3.83748 billion and exited investments worth HKD 3.33707 billion during the fiscal year[7]. - The largest investment in the non-listed equity category is in Sichuan Honghu Zhi Yuan Education Management Group, with a holding amount of HKD 1.632 billion as of March 31, 2024[23]. - The company holds 22.5% of the issued share capital of Southern Eastern Asset Management, valued at HKD 111.87 million, reflecting an increase of HKD 1.55 million from the previous year[14]. - The company has a 30% stake in Dongying Asset Management, with a holding amount of HKD 24.5 million as of March 31, 2024[17]. - The company’s investment in Lending Treasure amounts to HKD 1.08213 billion, representing 2.49% of the issued shares[19]. - The company has committed HKD 600 million to acquire a 19.9% stake in Hengjia Meilian[21]. - The company has invested HKD 1.70763 billion in non-listed equity investments during the year, with an exit investment of HKD 156.79 million[154]. - The total holding in non-listed equity investments reached HKD 4.32953 billion as of March 31, 2024[154]. - The group’s investment in non-listed equity reached HKD 5.26353 billion as of March 31, 2024, focusing on companies with long-term growth potential[176]. - The group’s debt investment holdings amounted to HKD 3.74949 billion as of March 31, 2024, with new investments of HKD 1.47195 billion and exits totaling HKD 1.05428 billion during the year[191]. - The group’s fund investment holdings reached HKD 1.75543 billion as of March 31, 2024, with new investments of HKD 489 million and exits of HKD 1.67529 billion during the year[193]. Financial Position - As of March 31, 2024, the net asset value of the company is HKD 9,912,620,000, a decrease from HKD 10,010,755,000 in 2023[5]. - The company's cash and bank balance as of March 31, 2024, was HKD 45.01 million, down from HKD 108.36 million a year earlier[32]. - As of March 31, 2024, the company's total equity was HKD 99.13 billion, down from HKD 100.11 billion a year earlier[67]. - The total assets as of March 31, 2024, were HKD 11,422,397,000, slightly up from HKD 11,366,205,000 in the previous year, showing a growth of 0.5%[90]. - The total liabilities increased to HKD 1,509,777,000 from HKD 1,355,450,000, marking an increase of 11.4%[90]. - The company's cash and bank balances decreased to HKD 45,006,000 from HKD 108,360,000, a decline of 58.5%[97]. - The company's net asset value per share was HKD 0.94, down from HKD 0.95 in the previous year, reflecting a decrease of 1.1%[90]. Operational Efficiency - Operating and administrative expenses totaled HKD 61.94 million, a decrease from HKD 77.23 million in the previous fiscal year[34]. - The company had 32 employees as of March 31, 2024, with total employee costs amounting to HKD 16.10 million for the year[42]. - The company incurred a loss of HKD 6,214,000 due to goodwill impairment from an investment in an associate in 2024[107]. - The expected credit loss provision for debt investments and receivables was HKD 3,956,000 in 2024, a significant improvement from a loss of HKD 108,967,000 in 2023[133]. Strategic Focus - The company’s investment strategy has been adjusted to focus on four core strategies: non-listed equity investment, debt investment, fund investment, and listed equity investment[6]. - The investment strategy focuses on diverse asset classes, including non-listed equity, debt, funds, and listed equity, to enhance portfolio stability and returns[143]. - The company aims to leverage emerging technology trends to strengthen its strategic execution in the tech sector[143]. - The company expects to benefit from the ongoing growth of the Chinese private equity market and the opening of its financial markets[152]. - The group believes that investing in the Era Navigation Fund allows indirect participation in China's emerging technology industry, with expectations of considerable mid-term investment returns[194]. - The focus on specialized and innovative enterprises has become a crucial force in stimulating innovation and improving the ecological industry in China[195]. - The group anticipates that investing in the specialized and innovative fund will provide diversified investment opportunities and potential returns from various high-growth industries[195]. Market Position and Recognition - The group aims to become the largest personal lending and supply chain financing service platform in China through its internet fintech company[186]. - The group has established strategic partnerships in Singapore, Europe, and mainland China to expand its client base and service offerings[183]. - The group has received multiple awards for its asset management products, including five awards at the 2024 "Best of the Best Awards" by Asian Asset Management[181].
华科智能投资(01140) - 2024 - 年度业绩