FORGAME(HK:00484)2024-07-10 11:35Investment Transactions - The company has made several transactions involving the acquisition and sale of listed securities, including Coinbase shares, with a total cost of approximately $0.31 million (equivalent to about HKD 2.43 million) for the fiscal year ending December 31, 2023[2]. - The company sold shares of Huiwei Intelligent, with a total cost of approximately RMB 0.92 million (equivalent to about HKD 1.01 million), during the fiscal year ending December 31, 2023[15]. - The company acquired and sold Palantir shares, with a total cost of approximately $1.48 million (equivalent to about HKD 11.54 million) as of December 29, 2023[15]. - The company conducted transactions involving NVIDIA shares, with a total cost of approximately $0.34 million (equivalent to about HKD 2.65 million) for the six months ending June 30, 2024[16]. - The company has not disclosed the identities of the counterparties involved in the transactions, confirming that they are independent third parties[10]. - The company sold 996,000 shares of Huaiwei Intelligent Technology Co., Ltd. for a total consideration of RMB 8,763,159.27, resulting in a profit of RMB 795,159.27[51]. - The company conducted multiple transactions involving Palantir shares, acquiring a total of 56,000 shares for USD 796,320 on June 22, 2023, and selling 52,000 shares for USD 832,000 on July 14, 2023, realizing a profit of USD 47,450.55[56]. - The company engaged in several transactions involving NVIDIA shares, acquiring 200 shares for USD 180,000 on April 19, 2024, and selling 400 shares for USD 366,000 on May 17, 2024, with a profit of USD 31,157.06[79]. Financial Performance - Palantir's revenue for the year ended December 31, 2022, was $1,905,871 thousand, an increase of 23.5% from $1,541,889 thousand in 2021[31]. - Palantir reported a net loss of $371,094 thousand for the year ended December 31, 2022, compared to a net loss of $520,379 thousand in 2021, reflecting a 28.7% improvement[31]. - Nvidia's total assets as of January 28, 2024, were approximately $42,978 million, up from $22,101 million as of January 19, 2023, indicating a significant growth[36]. - For the fiscal year ending January 28, 2024, NVIDIA reported revenues of USD 60.92 billion, a significant increase from USD 26.97 billion in the previous year[60]. - The company’s net income for the fiscal year ending January 28, 2024, was USD 29.76 million, compared to USD 4.37 million in the previous year[60]. - Coinbase's revenue for the year ended December 31, 2022, was $3,194,208 thousand, a decrease of 56.5% from $7,354,753 thousand in 2021[45]. - Coinbase reported a net loss of $2,624,949 thousand for the year ended December 31, 2022, compared to a net profit of $3,624,120 thousand in 2021[45]. - Huawai Intelligent's revenue for the year ended December 31, 2022, was RMB 418.88 million, a slight decrease from RMB 439.99 million in 2021[50]. - The net profit after tax for Huawai Intelligent for the year ended December 31, 2022, was RMB 24.53 million, down from RMB 28.82 million in 2021[50]. Share Price Information - The share price of Huiwei Intelligent ranged from RMB 8.11 to RMB 8.81 during the fiscal year ending December 31, 2023[15]. - The share price of Palantir ranged from $14.22 to $21.00 as of December 29, 2023[15]. - The share price of NVIDIA ranged from $822.04 to $1,038.29 as of May 29, 2024[16]. - As of December 31, 2023, the company held 100,000 shares of Palantir Technologies Inc. with a total cost of approximately USD 1.48 million, with share prices ranging from USD 14.22 to USD 21[53]. Strategic Focus and Outlook - The company’s strategic focus includes expanding its investments in technology firms like Palantir and NVIDIA to enhance its portfolio and market position[62]. - The board holds a positive view on the financial performance and future prospects of Coinbase, Huaiwei Technology, Palantir, and NVIDIA, believing that public share offerings present an attractive investment opportunity[81]. Trading Profits and Oversight - The group confirmed profits from trading in Coinbase shares amounting to approximately $0.04 million (around HKD 0.31 million), Huaiwei shares at approximately RMB 0.92 million (around HKD 1.01 million), Palantir shares at approximately $0.23 million (around HKD 1.79 million), and NVIDIA shares at approximately $0.34 million (around HKD 2.65 million)[82]. - The trading profits are utilized for general operating funds[82]. - The company did not promptly announce certain transactions exceeding 5% as required by listing rules, due to oversight by the investment department[82]. - The investment department is exploring securities investment as a relatively new area, which may have contributed to the oversight regarding internal control requirements[82].