Financial Performance - The group's unaudited consolidated revenue for the six months ended June 30, 2021, was approximately HKD 134,766,000, a decrease of about 14% compared to HKD 157,030,000 for the same period in 2020[84]. - Interest income decreased by 18% to HKD 114,725,000 from HKD 140,051,000 year-on-year, while commission and fee income increased by 31% to HKD 15,669,000 from HKD 11,968,000[86]. - The group recorded a profit of approximately HKD 255,765,000 for the six months ended June 30, 2021, significantly up from HKD 67,423,000 for the same period in 2020, mainly due to substantial investment income[86]. - Total revenue for the six months ended June 30, 2021, was HKD 734,766,000, a decrease from HKD 757,030,000 in the same period of 2020[141]. - Profit for the period was HKD 255,765,000, significantly up from HKD 67,423,000 in the previous year, representing a growth of approximately 279%[147]. - Basic earnings per share increased to HKD 0.78 from HKD 0.20, reflecting strong profitability growth[143]. - The net profit attributable to the owners of the company was HKD 257,268,000, compared to HKD 68,050,000 in the prior year[143]. Asset Management - As of June 30, 2021, the group's total assets were approximately HKD 5,832,385,000, down about 6% from HKD 6,187,043,000 as of December 31, 2020[89]. - The group had a cash and bank balance of approximately HKD 524,269,000 as of June 30, 2021, compared to HKD 626,976,000 as of December 31, 2020[91]. - Total assets decreased to HKD 5,832,385 from HKD 6,187,043, representing a decline of approximately 5.7%[150]. - Current assets increased to HKD 2,958,752 from HKD 2,792,052, reflecting a growth of about 6%[150]. - Non-current assets totaled HKD 2,873,633, down from HKD 3,394,991, a decrease of approximately 15%[150]. - Cash and cash equivalents decreased to HKD 508,552 from HKD 626,976, a decline of about 19%[150]. - Financial assets at fair value through profit or loss decreased to HKD 909,436 from HKD 1,145,741, a drop of approximately 21%[150]. Shareholder Information - As of June 30, 2021, the total issued ordinary shares of the company amounted to 34,714,459,250 shares[106]. - The major shareholder, Vered Holdings Group Ltd, holds 10,049,310,000 shares, representing 28.95% of the issued share capital[115]. - Liu Xueyi owns 5,034,511,390 shares, accounting for 14.50% of the issued share capital[115]. - Zhao Xinlong holds 3,500,000,000 shares, which is 10.08% of the issued share capital[115]. - CMI Financial Holding Corporation possesses 1,430,000,000 shares, representing 4.12% of the issued share capital[126]. - The total number of shares held by directors and senior management in the company is not disclosed beyond the major shareholders[107]. Risk Management and Strategic Initiatives - The company plans to strengthen its investment research team and enhance risk management and product development capabilities in its asset management business[35]. - The company plans to continue strict risk management measures to mitigate market volatility and seek potential investment opportunities to maximize shareholder value[81]. - The company is engaging with internationally renowned investment banking experts to enhance its capabilities in cross-border mergers and acquisitions and investment banking capital operations[35]. - The company is focusing on investment opportunities in cyclical industries such as consumer upgrades, the internet, and high-end manufacturing, while also following the listing progress of key invested projects[35]. - The company aims to leverage its position as an international financial center in Hong Kong to expand its business in leading Asian economies, focusing on both traditional financial services and innovative fintech[38]. Corporate Governance and Compliance - The company has adhered to most of the corporate governance code provisions during the review period[132]. - The independent auditor has reviewed the interim financial information in accordance with the relevant standards, ensuring compliance with regulatory requirements[135]. - The company has not reported any short positions in its shares as of June 30, 2021[107]. - The group did not recommend any interim dividend for the six months ended June 30, 2021, consistent with the same period in 2020[89]. Digital Transformation - The company is committed to digital transformation in its securities business to build a market-influential internet brokerage brand with a good user experience[35]. Economic Outlook - The company anticipates that the global economic recovery will continue to face challenges due to uneven vaccination progress and rising inflation pressures[37].
中薇金融(00245) - 2021 - 中期财报