Financial Assets and Net Asset Value - As of March 31, 2021, financial assets at fair value through profit or loss amounted to HK$986,710,267, representing 99.15% of the net asset value of Global X MSCI China ETF[14] - The net asset value of Global X Hang Seng High Dividend Yield ETF was HK$97,075,758, which represented 98.52% of its total net asset value[14] - Global X CSI 300 ETF reported financial assets at fair value of RMB43,666,287, accounting for 98.77% of its net asset value[14] - The net asset value of Global X China Biotech ETF was RMB2,486,647,149, representing 99.86% of its total net asset value[14] - Global X China Cloud Computing ETF had a net asset value of RMB1,076,567,695, which represented 99.65% of its total net asset value[14] - Certain equity investments in Global X MSCI China ETF and Global X CSI 300 ETF amounted to HK$1,326,254 and RMB183,485 respectively, representing 0.13% and 0.42% of their net asset values[14] Financial Performance - Total assets as of 31 March 2021 amounted to HK$ 995,345,599, an increase from HK$ 857,710,830 in 2020, representing a growth of approximately 16.1%[32] - Dividend income for the year ended 31 March 2021 was HK$ 15,604,371, a decrease of 45.5% compared to HK$ 28,782,293 in 2020[34] - The net gain on financial assets at fair value through profit or loss was HK$ 291,097,495, recovering from a loss of HK$ 133,428,316 in the previous year[34] - Operating profit for the year was HK$ 305,952,609, compared to an operating loss of HK$ 109,913,434 in 2020, indicating a significant turnaround[34] - Profit after tax for the year was HK$ 304,803,603, compared to a loss of HK$ 112,028,090 in the previous year, marking a substantial improvement[34] - The total comprehensive income for the year was HK$ 304,803,603, a significant recovery from the previous year's total comprehensive loss[34] Cash Flows and Unit Activity - Net cash flows generated from operating activities for Global X MSCI China ETF were HK$156,945,065, down from HK$803,305,893 in the previous year, reflecting a decrease of approximately 80%[37] - The number of units in issue for Global X MSCI China ETF decreased from 27,400,000 to 22,600,000, a reduction of about 17%[35] - Cash received from the issue of units for Global X Hang Seng High Dividend Yield ETF was HK$15,762,009, down from HK$27,726,043 in the previous year, a decline of approximately 43%[39] - The total cash and cash equivalents at the end of the year for Global X Hang Seng High Dividend Yield ETF increased to HK$2,027,195 from HK$597,316, representing a growth of approximately 238%[39] - Cash paid on redemptions of units for Global X CSI 300 ETF was RMB 82,361,757, significantly higher than RMB 6,436,146 in the previous year, reflecting increased redemption activity[41] Management Fees and Expenses - Management fees decreased to HK$ 571,054 from HK$ 599,491, reflecting a reduction of approximately 4.7%[34] - The management fee for the MSCI China ETF was HK$571,054, a decrease from HK$599,491 in 2020[126] - The China Biotech ETF management fee increased significantly to RMB9,166,612 in 2021 from RMB3,039,257 in 2020[126] - The annual management fee for China Biotech ETF is 0.13% for 2021, up from 0.10% in 2020[135] - The annual management fee for China Cloud Computing ETF is also 0.13% for 2021, an increase from 0.10% in 2020[135] Financial Liabilities and Equity - Total liabilities decreased to HK$ 186,415 from HK$ 14,602,196, indicating a significant reduction in obligations[32] - Net assets attributable to unitholders increased to HK$ 995,159,184 from HK$ 843,108,634, representing a growth of approximately 18%[32] - Redeemable units are classified as equity instruments if they meet specific criteria, including entitlement to a pro-rata share of net assets[88] - The Sub-Funds continuously assess the classification of redeemable units and may reclassify them as financial liabilities if they no longer meet the criteria[90] Investment Concentration and Sector Allocation - The investment in Alibaba Group Holding Limited represented 13.95% of the MSCI China ETF's net asset value as of March 31, 2021[177] - Tencent Holdings Ltd. accounted for 14.66% of the MSCI China ETF's net asset value as of March 31, 2021[177] - The MSCI China ETF's financial assets at fair value totaled HK$986,710,267, with a significant concentration in consumer discretionary (33.65%) and communication services (20.13%) sectors[182] - The China Biotech ETF's financial assets at fair value reached RMB 2,486,647,149, predominantly in the healthcare sector (99.86%) as of March 31, 2021[185] - The China Cloud Computing ETF had a total fair value of RMB 1,076,567,695, with a major focus on information technology (53.56%) as of March 31, 2021[185] Risk Analysis - Sensitivity analysis indicates that a 42.79% increase in the MSCI China ETF could raise net asset value by approximately HK$422,200,251, while a decrease would have a similar negative impact[187] - Currency risk analysis shows that a reasonable shift of 8.42% in RMB could impact the MSCI China ETF's net assets by HK$10,100,869 as of March 31, 2021[194] - The majority of the Sub-Funds' financial assets and liabilities are non-interest-bearing, indicating low exposure to interest rate risk[190] - The company is exposed to currency risk primarily from financial assets at fair value and bank balances denominated in currencies other than their respective functional currencies[192]
中绿(00904) - 2021 - 年度财报