Financial Performance - The total comprehensive loss for the period ended June 30, 2021, was HKD 10,462,023, compared to a total comprehensive income of HKD 19,312,685 for the same period in 2020[20]. - The net assets attributable to unitholders decreased from HKD 107,059,879 at the beginning of the period to HKD 72,431,340 at the end of the period[22]. - The product experienced a net cash used in financing activities of HKD 24,166,516 for the period ended June 30, 2021, compared to HKD 13,931,641 for the same period in 2020[26]. - The dealing NAV of the product decreased by 8.85%, while the underlying index decreased by 0.7%[10]. - The Sub-Fund experienced a decrease in net asset value from HKD 107,352,667 at the end of December 2020 to HKD 72,602,860 by June 30, 2021[39]. - As of June 30, 2021, the net asset value per unit of the Sub-Fund decreased by 8.81%, compared to a decrease of 16.64% as of December 31, 2020[44]. Asset Management - As of June 30, 2021, the Net Asset Value (NAV) per unit of the CSOP Hang Seng China Enterprises Index Daily (-2x) Inverse Product was HKD 3.9460, with 18,400,000 units outstanding, resulting in total assets under management of approximately HKD 72.6 million[9]. - The investment portfolio value as of June 30, 2021, was HKD 32,516,116, down from HKD 65,971,079 at the end of 2020[16]. - The number of units in issue decreased from 24,800,000 to 18,400,000 during the reporting period[17]. - The cash and cash equivalents at the end of the period were HKD 24,718,370, an increase from HKD 20,444,157 at the beginning of the period[26]. - As of June 30, 2021, the net assets attributable to unitholders amounted to HKD 72,431,340, with total investments and derivative financial instruments valued at HKD 32,779,916, representing 45.26% of net assets[29]. Investment Portfolio - The investment portfolio included 21.42% in listed investment funds and 23.47% in quoted debt securities as of June 30, 2021[31]. - Total debt securities in the portfolio were valued at HKD 17,000,116, accounting for 23.47% of the total investments[31]. - The Sub-Fund's total investments and derivative financial instruments at cost were HKD 32,515,725[29]. - The financial derivative instruments held included a short position in HSCEI futures with a fair value of HKD 263,800 as of June 30, 2021[37]. - The Sub-Fund made additions to its investment portfolio, including HKD 4,500,000 in Hong Kong Treasury Bills on June 28, 2021[35]. - The total investments and derivative financial instruments represented 45.26% of net assets, while other net assets accounted for 54.74%[29]. Market Activity - The average daily trading value of the product was HKD 1.9 million in June 2021, indicating strong market interest[12]. - The highest net asset value per unit for the financial period ended June 30, 2021, was HKD 4.3222, while the lowest was HKD 3.2615[39]. - The Hang Seng China Enterprises Index decreased by 0.7% for the period ended June 30, 2021, following a decrease of 3.85% for the period ended December 31, 2020[44]. Management Fees - The product's management fee for the period was HKD 597,403, a decrease from HKD 792,512 in the same period of the previous year[20]. Securities Holdings - The CSOP Hong Kong Dollar Money Market ETF-Unlisted Share accounted for 21.42% of net assets as of June 30, 2021, up from 13.52% for the CSOP Hong Kong Dollar Money Market ETF as of December 31, 2020[43]. - There were no government securities that individually accounted for more than 10% but less than 30% of the net asset value of the Sub-Fund as of June 30, 2021[43]. - The Sub-Fund had one security that accounted for more than 10% but less than 30% of its net asset value as of June 30, 2021[42].
新华联资本(00758) - 2021 - 中期财报