Financial Performance - The total comprehensive income for the period ended June 30, 2019, was a net loss of HKD 16,969,493, compared to a gain of HKD 25,411,088 for the same period in 2018[18]. - The net asset value per unit decreased by 9.90% during the period ended June 30, 2019, compared to an increase of 7.96% for the year ended December 31, 2018[34]. - The Hang Seng China Enterprises Index increased by 8.18% from January 1, 2019, to June 24, 2019, following a decrease of 13.53% in 2018[34]. - The total operating expenses for the period were HKD 1,474,365, a decrease from HKD 2,810,978 in the same period of the previous year[16]. Assets and Investments - As of June 30, 2019, the Net Asset Value (NAV) per unit of the CSOP Hang Seng China Enterprises Index Daily (-2x) Inverse Product was HKD 5.7264, with 57,600,000 units outstanding, resulting in total assets under management of approximately HKD 329.8 million[8]. - The total assets as of June 30, 2019, were HKD 329,755,101, compared to HKD 133,346,201 as of December 31, 2018[13]. - The product experienced a net increase in cash and cash equivalents of HKD 100,039,918 during the period, bringing the total to HKD 161,858,870 at the end of June 2019[22]. - The investment portfolio included HKD 107,839,221 in investments as of June 30, 2019, compared to HKD 54,167,001 at the end of 2018[13]. - The total investments and derivative financial instruments were valued at HKD 107,700,875, accounting for 32.72% of net assets[26]. - The investment in Hong Kong government quoted debt securities totaled HKD 41,956,300, representing 12.75% of net assets[26]. Unit and Fund Activity - The product issued new units resulting in proceeds of HKD 313,548,404, while payments on redemption of units totaled HKD 99,347,260[20]. - The total listed fund increased from 30,000 units at the beginning of the year to 65,000 units by June 30, 2019, with additions of 58,000 units[28]. - As of June 30, 2019, the net assets attributable to unitholders amounted to HKD 329,161,646, representing a 100% total[26]. Market Activity - The average daily turnover for the product in June 2019 was HKD 7.7 million, indicating strong investor interest[10]. - The highest net asset value per unit for the financial period ended June 30, 2019, was HKD 6.5686, while the lowest was HKD 5.3924[30]. - The CSOP Hong Kong Dollar Money Market ETF held a fair value of HKD 65,882,921, which is 20.01% of net assets[33]. - The CSOP Hong Kong Dollar Money Market ETF's fair value increased from HKD 30,186,201 (22.88% of net assets) at the end of 2018 to HKD 65,882,921 by June 30, 2019[33]. Fees and Expenses - The management fee for the period was HKD 950,481, down from HKD 1,192,240 in the previous year[16]. - The total futures contracts recorded a loss of HKD 138,346, accounting for -0.04% of net assets[26].
新华联资本(00758) - 2019 - 中期财报