Net Asset Value and Performance - As of June 30, 2023, the Net Asset Value (NAV) per unit of the CSOP Hang Seng Index Daily (2x) Leveraged Product was HKD 3.9228, with a total asset under management of approximately HKD 4.9 billion[7]. - The CSOP Hang Seng Index Daily (2x) Leveraged Product experienced a performance decline of -13.06%, while the Hang Seng Index itself declined by -4.37%[8]. - The NAV per unit of the CSOP Hang Seng Index Daily (-1x) Inverse Product was HKD 5.4808, with total assets under management of approximately HKD 197.3 million[15]. - The CSOP Hang Seng Index Daily (-1x) Inverse Product achieved a performance of 2.73%, contrasting with the Hang Seng Index's decline of -4.37%[16]. - The NAV per unit of the CSOP Hang Seng China Enterprises Index Daily (2x) Leveraged Product was HKD 2.2328, with total assets under management of approximately HKD 300.1 million[23]. - The CSOP Hang Seng China Enterprises Index Daily (2x) Leveraged Product reported a performance decline of -14.83%, while the underlying index declined by -4.18%[24]. - The NAV per unit of the CSOP Hang Seng China Enterprises Index Daily (-2x) Inverse Product was HKD 5.2120, with total assets under management of approximately HKD 54.2 million[32]. - The CSOP Hang Seng China Enterprises Index Daily (-2x) Inverse Product achieved a performance of 1.01%, while the index declined by -4.18%[33]. - The CSOP Hang Seng Index Daily (-2x) Inverse Product performed 2.56% while the Index performed -4.37% as of June 30, 2023[40]. - The CSOP NASDAQ-100 Index Daily (-2x) Inverse Product performed -49.02% while the Index performed 38.75% as of June 30, 2023[48]. - The CSOP Hang Seng TECH Index Daily (2x) Leveraged Product performed -19.56% while the Index performed -5.27% as of June 30, 2023[55]. - The net asset value per unit for CSOP Hang Seng Index Daily (2x) was HKD 3.9230, compared to HKD 4.5124 at the end of 2022, reflecting a decline of about 13%[78]. - The net asset value per unit for CSOP Hang Seng TECH Index Daily (-2x) was HKD 6.8545, compared to HKD 7.1374 at the end of 2022, showing a decrease of about 4%[81]. - The net asset value of the CSOP Hang Seng Index Daily (2x) Leveraged Product increased to HKD 4,952,382,639 as of June 30, 2023, up from HKD 4,281,390,366 at the end of 2022, representing a growth of approximately 15.7%[186]. - The highest net asset value per unit for the CSOP Hang Seng Index Daily (2x) Leveraged Product reached HKD 5.8303 during the financial period ended June 30, 2023, compared to HKD 7.7847 at the end of 2022, indicating a decline of about 25.1%[186]. - The net asset value of the CSOP Hang Seng China Enterprises Index Daily (2x) Leveraged Product was HKD 300,205,916 at the end of June 30, 2023, slightly down from HKD 304,203,581 at the end of 2022, a decrease of approximately 1.1%[191]. - The highest net asset value per unit for the CSOP Hang Seng China Enterprises Index Daily (2x) Leveraged Product was HKD 3.4370 as of June 30, 2023, down from HKD 5.0221 at the end of 2022, reflecting a decrease of about 31.6%[192]. - The net asset value of the CSOP NASDAQ-100 Index Daily (-2x) Inverse Product was USD 222,092,044 as of June 30, 2023, an increase from USD 205,432,055 at the end of 2022, representing a growth of approximately 8.1%[200]. - The net asset value of the CSOP Hang Seng Index Daily (-2x) Inverse Product decreased to HKD 1,798,294,088 as of June 30, 2023, down from HKD 2,292,394,838 at the end of 2022, a decline of approximately 21.5%[197]. - The highest net asset value per unit for the CSOP Hang Seng Index Daily (-2x) Inverse Product was HKD 5.9789 as of June 30, 2023, compared to HKD 10.4954 at the end of 2022, indicating a decrease of about 43.5%[198]. - The net asset value of the CSOP Hang Seng China Enterprises Index Daily (-2x) Inverse Product increased to HKD 54,221,962 as of June 30, 2023, up from HKD 45,424,437 at the end of 2022, representing a growth of approximately 19.8%[194]. - The highest net asset value per unit for the CSOP Hang Seng China Enterprises Index Daily (-2x) Inverse Product was HKD 5.8607 as of June 30, 2023, down from HKD 10.5646 at the end of 2022, reflecting a decrease of about 44.5%[195]. Assets Under Management - As of June 30, 2023, the CSOP Hang Seng Index Daily (-2x) Inverse Product had a Net Asset Value (NAV) per unit of HKD5.4417 and total assets under management of approximately HKD1.8 billion[39]. - The CSOP NASDAQ-100 Index Daily (-2x) Inverse Product reported a NAV per unit of USD1.2012 with total assets under management of approximately USD221.9 million as of June 30, 2023[47]. - The CSOP Hang Seng TECH Index Daily (2x) Leveraged Product had a NAV per unit of HKD4.6234 and total assets under management of approximately HKD7.6 billion as of June 30, 2023[54]. - The CSOP US Large Oil & Gas Companies Daily (2x) Leveraged Product had a NAV per unit of USD0.6986 and total assets under management of approximately USD2.7 million as of June 30, 2023[68]. - The CSOP US Large Oil & Gas Companies Daily (-2x) Inverse Product reported a NAV per unit of USD1.1927 with total assets under management of approximately USD3.6 million as of June 30, 2023[75]. - Total assets for CSOP Hang Seng Index Daily (2x) increased to HKD 5,024,882,364 as of June 30, 2023, up from HKD 4,365,773,027 at the end of 2022, representing a growth of approximately 15%[78]. - Total assets for CSOP Hang Seng Index Daily (-2x) were HKD 1,810,548,322, down from HKD 2,333,516,768, representing a decrease of approximately 22%[80]. - The total assets for the CSOP US Large Oil & Gas Companies Daily (2x) Leveraged Product amounted to USD 2,658,338 as of June 30, 2023, while the Daily (-2x) Inverse Product had total assets of USD 3,788,019[82]. Financial Performance and Losses - The total comprehensive loss for the CSOP Hang Seng Index Daily (2x) Leveraged Product was HKD 359,721,251 for the period ended June 30, 2023, compared to a comprehensive income of HKD 62,776,395 for the same period in 2022[84]. - The net loss on investments and derivative financial instruments for the CSOP Hang Seng Index Daily (2x) Leveraged Product was HKD 326,906,560 for the period ended June 30, 2023[84]. - Total operating expenses for the CSOP Hang Seng Index Daily (2x) Leveraged Product were HKD 41,417,744 for the period ended June 30, 2023[84]. - The CSOP Hang Seng China Enterprises Index Daily (2x) Leveraged Product reported a total net loss of HKD 420,750 for the period ended June 30, 2023[85]. - The total comprehensive income for the CSOP NASDAQ-100 Index Daily (-2x) Inverse Product was USD 156,971,232 for the period ended June 30, 2023[85]. - Interest income from deposits with brokers for the CSOP Hang Seng Index Daily (-2x) Inverse Product was HKD 2,433,320 for the period ended June 30, 2023[85]. - The total operating expenses for the CSOP Hang Seng Index Daily (-2x) Inverse Product were HKD 26,076,848 for the period ended June 30, 2023[85]. - For the CSOP Hang Seng TECH Index Daily (2x) Leveraged Product, total net loss for the period ended June 30, 2023, was HKD 992,554,134, compared to a loss of HKD 546,468,689 in the same period of 2022, representing an increase in loss of approximately 81.5%[86]. - The CSOP Hang Seng TECH Index Daily (-2x) Inverse Product reported a total net income of HKD 308,312,920 for the period ended June 30, 2023, compared to a loss of HKD 228,217,574 in the same period of 2022, indicating a significant turnaround[86]. - Management fees for the CSOP Hang Seng TECH Index Daily (2x) Leveraged Product increased to HKD 51,438,809 from HKD 23,473,361 year-over-year, reflecting a rise of approximately 119%[86]. - The CSOP US Large Oil & Gas Companies Daily (2x) Leveraged Product incurred a total net loss of USD 1,060,691 since inception on November 21, 2022, while the Daily (-2x) Inverse Product achieved a total net income of USD 1,047,007[87]. - Total comprehensive loss for the CSOP Hang Seng Index Daily (2x) Leveraged Product was HKD 359,721,251 for the period ended June 30, 2023, compared to a gain of HKD 62,776,395 in the same period of 2022[89]. - The net cash used in operating activities for CSOP Hang Seng China Enterprises Index Daily (-2x) Inverse Product was HKD (1,480,797), compared to HKD (9,923,381) in the previous year[97]. - The total comprehensive loss for CSOP Hang Seng TECH Index Daily (2x) Leveraged Product was HKD 1,049,362,806 for the period ended 30 June 2023[92]. Cash and Cash Equivalents - Cash and cash equivalents for CSOP Hang Seng Index Daily (2x) rose significantly to HKD 3,368,361,229, compared to HKD 2,428,525,738 at the end of 2022, marking an increase of about 39%[78]. - The total cash and cash equivalents at the end of the period for CSOP Hang Seng Index Daily (2x) Leveraged reached HKD 3,368,361,229, up from HKD 1,458,895,573 at the beginning of the period[96]. - The total cash and cash equivalents for the CSOP Hang Seng TECH Index Daily (2x) Leveraged Product at the end of the period was HKD 6,007,004,440, an increase from HKD 2,478,715,742 at the beginning of the period[98]. - The collateral held for the CSOP Hang Seng TECH Index Daily (2x) Leveraged Product was valued at HKD 674,094,000 as of June 30, 2023[180]. - The collateral for the CSOP Hang Seng TECH Index Daily (-2x) Inverse Product was valued at HKD 5,340,000 as of June 30, 2023[183]. Unit Transactions and Holdings - The number of units in issue for CSOP Hang Seng Index Daily (2x) increased to 1,262,400,000 from 948,800,000, indicating a rise of about 33%[78]. - The number of units in issue for the CSOP Hang Seng Index Daily (2x) Leveraged Product rose to 1,262,400,000 at the end of the period, compared to 948,800,000 at the beginning, indicating a growth of approximately 33%[89]. - The number of units in issue for CSOP Hang Seng TECH Index Daily (2x) Leveraged Product increased to 1,638,840,000 by the end of the period, up from 979,240,000 at the beginning[92]. - The number of units in issue for CSOP Hang Seng Index Daily (-2x) Inverse Product decreased to 330,400,000 by the end of the period from 432,000,000 at the beginning[92]. - CSOP Hang Seng Index Daily (-2x) Inverse Product total holdings remained stable at 9,396,781, with no additions or disposals during the period[138]. - CSOP NASDAQ-100 Index Daily (-2x) Inverse Product saw a reduction in unlisted class holdings from 29,895,308 to 22,733,342, a decrease of 24.0%[139]. - CSOP Hang Seng TECH Index Daily (2x) Leveraged Product total holdings increased from 1,613,000 to 1,804,999, marking a 11.9% rise[141]. - CSOP Hang Seng TECH Index Daily (-2x) Inverse Product holdings decreased from 619,000 to 339,000, a decline of 45.2%[143]. - CSOP US Large Oil & Gas Companies Daily (2x) Leveraged Product saw a reduction in ETF holdings from 34,000 to 14,000, a decrease of 58.8%[145]. - CSOP US Dollar Money Market ETF-Listed Class A holdings increased from 7,000 to 175,600, reflecting a significant growth of 2407.1%[139]. - CSOP US Dollar Money Market ETF-Unlisted Class A holdings remained unchanged at 26,220,159, indicating stability in this segment[138]. - CSOP Hong Kong Dollar Money Market ETF-Unlisted Class A holdings increased from 5,873,477 to 2,975,403, a decrease of 49.3%[141]. - CSOP US Dollar Money Market Fund holdings decreased from 991,742 to 905,021, a decline of 8.7%[139]. - As of June 30, 2023, the CSOP US Dollar Money Market ETF had a total holding of 18,000 after disposals of 37,000[147]. Financial Liabilities and Investments - The total fair value of investments and derivative financial instruments was USD 1,630,682,000, with listed investment funds accounting for 58.01% of net assets[125]. - The total investments and derivative financial instruments at cost for the CSOP US Large Oil & Gas Companies Daily (-2x) Inverse Product were USD 1,883,039,000[127]. - The CSOP Hang Seng Index Daily (-1x) Inverse Product reported financial liabilities totaling HKD (924,105) from futures contracts[154]. - The CSOP Hang Seng China Enterprises Index Daily (2x) Leveraged Product had a fair value of HKD 1,674,426 for its futures contracts[156]. - The CSOP NASDAQ-100 Index Daily (-2x) Inverse Product reported financial liabilities of USD (9,533,832) from futures contracts[163]. - The swap fees for the Sub-Fund were HKD Nil for the period ended June 30, 2023, consistent with the previous year[152]. - The CSOP Hang Seng Index Daily (-2x) Inverse Product had financial liabilities of HKD (6,611,708) from futures contracts[160]. - The outstanding swap futures contracts for the CSOP Hang Seng Index Daily (-2x) Inverse Product totaled HKD (2,200,217) in liabilities[161]. - The CSOP Hang Seng China Enterprises Index Daily (-2x) Inverse Product reported financial liabilities of HKD (397,918) from futures contracts[158]. - As of June 30, 2023, the CSOP Hang Seng TECH Index Daily (2x) Leveraged Product has total financial liabilities from total return swaps amounting to HKD (77,066,661)[165]. - The CSOP Hang Seng TECH Index Daily (-2x) Inverse Product has total financial assets from total return swaps amounting to HKD 26,663,894 as of June 30, 2023[168]. - The swap fees for the CSOP Hang Seng TECH Index Daily (2x) Leveraged Product were HKD Nil for the period ended June 30, 2023[166]. - The swap fees for the CSOP US Large Oil & Gas Companies Daily (2x) Leveraged Product amounted to USD 225,767 from inception on November 21, 2022, to June 30, 2023[172]. - The CSOP US Large Oil & Gas Companies Daily (-2x) Inverse Product reported total financial liabilities from total return swaps amounting to USD (218,021) as of June 30, 2023[174].
新华联资本(00758) - 2023 - 中期财报