Financial Performance - For the six months ended June 30, 2024, the company reported a loss attributable to owners of HKD 124,225,697, compared to a loss of HKD 48,145,545 for the same period in 2023, representing an increase in loss of approximately 158%[1] - The basic and diluted loss per share for the period was HKD 4.28, compared to HKD 1.66 for the same period last year, indicating a significant increase in loss per share[1] - The group recorded a loss of approximately HKD 124.23 million for the period, compared to a loss of approximately HKD 48.15 million for the same period last year[13] - The group incurred a fair value loss on financial assets of approximately HKD 124.41 million during the period[13] - Interest income for the period was approximately HKD 0.96 million, compared to HKD 0.27 million for the same period last year[13] Assets and Equity - The company's total assets decreased to HKD 1,019,419,693 as of June 30, 2024, down from HKD 1,147,126,882 as of December 31, 2023, indicating a decline of about 11.1%[2] - The company's equity attributable to owners decreased to HKD 1,018,108,424 from HKD 1,142,334,121, reflecting a decrease of approximately 10.9%[2] - The net asset value per share decreased to HKD 0.35 as of June 30, 2024, down from HKD 0.39 as of December 31, 2023[11] - Cash and cash equivalents amounted to approximately HKD 79.84 million as of June 30, 2024, down from HKD 86.45 million as of December 31, 2023[15] - The group had no borrowings as of June 30, 2024, maintaining a debt-to-equity ratio of 0%[15] Income and Expenses - The company reported financing income of HKD 3,285,078 for the period, while other income was HKD 958,654, indicating a focus on generating income from financing activities[1] - Total general and administrative expenses for the period were approximately HKD 40.62 million, compared to HKD 48.18 million for the same period last year[9] Investments and Acquisitions - The investment portfolio includes Yimeter Holdings Limited with a total investment of HKD 153,260,180, reflecting a 9.3% return[18] - The group's investment details as of June 30, 2024, show a total asset percentage of 10.3% in Bihua Ventures, 0.3% in Best Group, 30.4% in Meicai, and 19.4% in G7 Connect Inc[19] - Bihua Ventures generated approximately HKD 124 million from the sale of Jinko Power Technology shares during the period[20] - The group holds a 1.06% stake in Meicai, with no recorded gains or losses from sales during the period[22] - G7 Connect Inc. is recognized as a technology leader in the logistics industry, with no recorded gains or losses from sales during the period[21] - The company invested RMB 130 million in Yimi Dida, which specializes in less-than-truckload logistics, to strengthen its market position[26] - Meicai was acquired for $25.7 million, focusing on providing a one-stop procurement service for restaurants and fruit and vegetable stores[23] - G7 received an investment of $25 million for its newly issued preferred shares, enhancing its IoT logistics platform capabilities[24] Market and Operational Insights - The management has determined that the company's primary operating location is Hong Kong, with all revenues generated from operations in this region[7] - The company is focused on identifying quality investment opportunities in logistics infrastructure, advanced manufacturing, and new energy sectors[22] - The logistics industry is expected to maintain good growth, supported by the national economic development and e-commerce transactions[34] - The management plans to diversify investments across various sectors, including logistics, information technology, advanced manufacturing, healthcare, new energy, and energy conservation[34] Corporate Governance - The Audit Committee consists of four members, all of whom are non-executive directors, ensuring effective oversight of financial reporting and risk management[36] - The company has adhered to all corporate governance codes, with ongoing efforts to fill the vacancy of an executive director[38] - The company confirms compliance with the standards for directors' securities trading throughout the period[39] Other Information - The company has not disclosed any significant new products or technologies in the current reporting period[1] - There are no indications of market expansion or acquisitions mentioned in the current financial report[1] - The group did not recognize any tax provisions for Hong Kong profits tax due to no taxable profits generated in Hong Kong during the periods[4] - There were no significant events requiring disclosure after June 30, 2024, up to the date of the announcement[12] - As of June 30, 2024, the group had no pledged assets, significant capital commitments, or any major contingent liabilities[16] - There were no significant acquisitions or disposals of subsidiaries or associates during the reporting period[17] - No interim dividend was recommended for the period ending June 30, 2023[35] - The mid-term report for 2024 will be published on the Hong Kong Stock Exchange website and the company's website[41]
国开国际投资(01062) - 2024 - 中期业绩