Financial Performance - The Company reported a net loss attributable to shareholders of HK$12,789,556 during the period, which included a net loss in fair value of HK$8,063,123[14]. - The net loss was primarily due to a net realized loss of HK$41,078,207, offset by a net unrealized gain of HK$33,015,084 on financial assets at fair value through profit or loss[16]. - The company's net asset value per share slightly decreased to approximately HK$0.06 as of June 30, 2019, primarily due to a realized net loss of HK$41,078,207 from financial assets measured at fair value through profit or loss[17]. - The total net assets of the company are reported at HK$85.55 million[179]. - The company has a market capitalization of HK$7,330,000 for its ordinary shares[176]. Investment Portfolio - As of June 30, 2019, the Company held 23 investments in Hong Kong-listed companies, 2 investments in Australia-listed companies, and 3 private equity investments[14]. - The company has invested in two new equities listed on the Australian Securities Exchange during the period, focusing on high-potential companies[27]. - The company will continue to seek investment opportunities in private equities and other unlisted investments to benefit its investors and shareholders[27]. - The investment strategy will focus on Greater China and other major global markets, leveraging the company's professional investment and risk management team[27]. - The company is focused on expanding its investment portfolio in listed equity securities in Hong Kong[194]. Market Conditions - The net asset value per share slightly decreased to approximately HK$0.06 as of June 30, 2019, due to the slowdown in the Chinese economy and rising market volatility[16]. - China's GDP increased by RMB 45,093.3 billion in the first half of 2019, representing a growth of 6.3% compared to the same period in 2018, with a year-on-year increase of 6.2% in the second quarter[18][19]. - The Hang Seng Index rose by 10.4% in the first half of 2019, while the Hang Seng Chinese Enterprises Index increased by 7.5%, indicating a relatively weaker performance[21][23]. - The company remains cautiously optimistic about the prospects of the securities market in China and Hong Kong amid ongoing uncertainties[22][23]. - The company anticipates one more interest rate cut by the U.S. Federal Reserve by the end of 2019, which may increase volatility in the global equity market[22][23]. Unrealized Losses and Gains - Power Financial Group Limited holds 88,510,000 ordinary shares, representing 3.18% of the investee's capital, with a market value of HK$9.205 million and an unrealized loss of HK$9.571 million[36]. - Evershine Group Holdings Limited owns 7,911,000 ordinary shares, accounting for 0.44% of the investee's capital, with a market value of HK$6.487 million and an unrealized loss of HK$3.296 million[36]. - Earthasia International Holdings Limited has 1,584,000 ordinary shares, representing 0.33% of the investee's capital, with a market value of HK$6.201 million and an unrealized loss of HK$200,000[36]. - Century Ginwa Retail Holdings Limited holds 23,916,000 ordinary shares, which is 2.08% of the investee's capital, with a market value of HK$6.099 million and an unrealized loss of HK$1.058 million[36]. - Town Hasith International owns 29,114,000 ordinary shares, accounting for 0.38% of the investee's capital, with a market value of HK$3.144 million and an unrealized loss of HK$38.691 million[36]. - Dongfang Modem Agriculture Holding Group Limited has 803,000 ordinary shares, representing 0.19% of the investee's capital, with a market value of HK$3.612 million and an unrealized loss of HK$362,000[39]. - Crater Gold Mining Limited holds 35,000,000 ordinary shares, accounting for 2.85% of the investee's capital, with a market value of AUD 2.304 million and an unrealized loss of AUD 374,000[39]. - Gransing Financial Group Limited owns 48 shares, representing 17.52% of the investee's capital, with a market value of HK$24.607 million and an unrealized loss of HK$18.192 million[39]. - The cost value of the investment in Help U Credit Finance is HK$7,270,000, with an unrealized loss of HK$11,730,000[102]. - The investment in Kin Pang Holdings has a recognized cost of HK$16,314,000, with an unrealized loss of HK$1,447,000[168]. - The recognized cost for the investment in Power Financial Group is HK$27,563,000, with an unrealized loss of HK$16,819,000[184]. - Evershine Group Holdings Limited reported a market value of HK$5,099,000 with an unrealized loss of HK$238,000, representing a 4.66% decrease in net asset attributable to the company[197]. - Hanvey Group Holdings Limited holds 25,960,000 ordinary shares, with a market value of HK$4,543,000 and an unrealized loss of HK$4,129,000, indicating a 48.25% decline in net asset attributable to the company[197]. - China Construction Bank Corporation has a market value of HK$3,354,000 with an unrealized gain of RMB37,000, reflecting a 1.11% increase in net asset attributable to the company[197]. - China Life Insurance Company Limited reported a market value of HK$3,228,000 with an unrealized gain of RMBg, indicating a 1.08% increase in net asset attributable to the company[197]. - Town Health International Medical Group Limited has a market value of HK$3,144,000 with an unrealized loss of HK$38,681,000, representing a 92.56% decrease in net asset attributable to the company[197]. - Earthasia International Holdings Limited reported a market value of HK$2,385,000 with an unrealized gain of HK$635,000, indicating a 26.63% increase in net asset attributable to the company[197].
中国新经济投资(00080) - 2019 - 中期财报