Financial Performance - The Company reported a net profit attributable to shareholders of HK$12,670,242 during the Period, which included a net gain in fair value of HK$17,316,315 from investment positions in the portfolio[14]. - The net profit was primarily driven by a net unrealised gain of HK$39,542,627, offset by a net realised loss of HK$22,226,312 on financial assets at fair value through profit or loss[18]. - The net asset value per share increased to approximately HK$0.15 as of 30 June 2021, despite market volatility[18]. Investment Strategy - The Company maintained a medium to long-term investment strategy in both public and private equity markets during the Period[14]. - The Company is focused on achieving long-term capital appreciation for professional investors through investments in new economy sectors[13]. - The Company continues to focus on investment strategies in Greater China and other major global markets to maximize profits for shareholders[25]. - The Company aims to explore more private equity and unlisted investment opportunities to benefit investors and shareholders[25]. - The Company will continue to seek high-potential listed companies for investment in the short to medium term[25]. Market Conditions - The global economy faced challenges due to the ongoing COVID-19 pandemic, impacting recovery efforts[20]. - The ongoing COVID-19 pandemic and its variants may slow GDP growth in the US and globally, creating uncertainties in major stock markets[23]. - The US Federal Reserve is expected to have limited room for interest rate cuts, with potential interest hikes before the end of 2023[23]. Investment Portfolio - As of 30 June 2021, the Company held seventeen investments in Hong Kong-listed companies, one investment in an Australia-listed company, five private equity securities investments, one promissory note, and one bond[14]. - The Company’s major investments are concentrated in the financial services sector, particularly in the Hong Kong market[14]. - The Company invested in Oriental Payment Group Holdings Limited, which provides payment processing services to merchants frequently visited by Chinese tourists in Thailand and Singapore[25]. - The Company made a new private equity investment in Forever Best Investments Limited, holding a 25% share in a logistics services company[25]. - The company has investments in private equity in the British Virgin Islands, with a total cost of HK$3,883 and a market value of HK$3,893, resulting in no unrealised gain or loss[194]. Specific Investment Details - Gransing Financial Group Limited holds 64 shares with a cost of HK$46,377, and a market value of HK$18,757, resulting in an unrealised loss of HK$27,620[194]. - Help U Credit Finance Limited has 37,000 shares owned, representing 18.95% of the investee's capital, with a cost of HK$19,000 and a market value of HK$6,390, leading to an unrealised loss of HK$12,610[197]. - Oriental Payment Group Holdings Limited has a cost of HK$15,000 and a market value of HK$15,000, resulting in no unrealised gain or loss, with a yield of 10%[197]. - The net asset attributable to the company from Gransing Financial Group Limited is HK$25.13 million, accounting for 17.41% of the company's gross assets[194]. - The company received no dividends from Help U Credit Finance Limited during the period, which represents 5.93% of the company's gross assets[197]. - The unrealised gain/loss for Gransing Financial Group Limited is recorded as HK$27,620[194]. - The company has a total of HK$4.42 million net assets attributable from Forever Best, which is 3.61% of the company's gross assets[194]. - The company’s total unrealised gains/losses across its investments are being closely monitored to assess future performance and strategy adjustments[197]. Future Outlook - The Company will continue to monitor investments cautiously due to recent uncertain market conditions[18]. - The company is exploring further market expansion opportunities in the Hong Kong region to enhance its investment portfolio[197].
中国新经济投资(00080) - 2021 - 中期财报