Financial Performance - The Group recorded a loss on listed securities of approximately HK$150.6 million for the fiscal year 2018/19, a significant reduction from the loss of approximately HK$194.8 million in the previous year[12]. - For the fiscal year ended September 30, 2019, the Group reported a negative turnover of approximately HK$142.8 million, down from HK$179.8 million in the previous year[37]. - The net loss attributable to equity holders of the Company was approximately HK$183.6 million, compared to HK$244.4 million in the prior year, indicating a reduction in losses[37]. - The Group's loss on listed investments decreased from HK$194.8 million in the previous year to HK$150.6 million in the current year[38]. - The loss on listed investments for the year included a net realized loss of approximately HK$55.3 million and a net unrealized loss of approximately HK$95.3 million[38]. - The overall financial performance reflects a strategic focus on reducing losses and managing investment risks effectively[37]. - The Group recorded a net loss of approximately HK$183.6 million for the Year, a significant reduction compared to the net loss of approximately HK$244.4 million in the previous year[49]. Investment Portfolio - The value of bonds held by the Group increased from HK$120.3 million as of September 30, 2018, to HK$167.7 million as of September 30, 2019[13]. - The Group received aggregate coupons of approximately HK$11.2 million during the fiscal year[13]. - The Group acquired two new bonds, one from AMCO with a size of HK$30.0 million and a coupon of 10%, and another from VIP Credit with a size of HK$25.0 million and a coupon of 8%[13]. - The Group disposed of its equity investment in Kendervon Profit Inc. for HK$30.0 million, which was its fair value as of September 30, 2018[14]. - The Group did not acquire or dispose of any unlisted investments during the fiscal year[19]. - The Group's investment activities are primarily focused on Hong Kong and the People's Republic of China during the reporting period from October 1, 2018, to September 30, 2019[169]. Market Conditions - The Hang Seng Index (HSI) fluctuated significantly, peaking at over 30,100 points in April 2019 before dropping to 26,092 points by the end of the fiscal year[12]. - The global investment environment is expected to be less favorable than in previous years due to the ongoing trade war between China and the United States[20]. - The Group plans to adopt cautious measures to manage its investment portfolio in response to the rapidly changing global investment environment[20]. Corporate Governance - The Board consists of two executive directors and three independent non-executive directors, ensuring a balanced governance structure[93]. - All directors are subject to retirement by rotation and re-election at annual general meetings, with at least one-third of directors required to retire each year[102]. - The company has a strong corporate governance structure in place to ensure effective oversight of management[103]. - The roles of chairman and chief executive are separated to enhance decision-making efficiency[108]. - The Board has established various committees to oversee different areas of the company's affairs[95]. - The Audit Committee held two meetings in the Fiscal Year 2018/19 to review the final results and accounts for the year ended September 30, 2019, and the interim results for the six months ended March 31, 2019[113]. Risk Management - The Board is committed to implementing effective risk management and internal control systems to safeguard shareholders' interests and the Group's assets[127]. - The Audit Committee reviewed the efficiency and effectiveness of the Group's risk management and internal control systems, focusing on revenue and receipt cycle, cash management, and financial reporting cycle[143]. - Management provided an action plan to address identified deficiencies in the risk management and internal control systems in a timely manner[145]. Sustainability and ESG Initiatives - The Environmental, Social and Governance (ESG) Report highlights the Group's commitment to sustainable development and minimizing environmental impact[167]. - The Group engages with stakeholders, including employees, business partners, and the community, to understand their views and expectations for long-term growth[176]. - The Group's sustainability approach focuses on creating sustained value for stakeholders by integrating environmental, social, and governance considerations into its operations[175]. - The Group's ESG initiatives are guided by the principles set out in the Listing Rules of the Stock Exchange of Hong Kong[167]. - The Group is committed to being a positive force in the community and contributing to employee well-being[178]. Environmental Impact - The Group's core business does not directly generate significant air emissions, hazardous waste, or wastewater discharge, with greenhouse gas emissions primarily from electricity consumption and fuel used in vehicles[190]. - Energy consumption accounts for a major part of the Group's greenhouse gas emissions, prompting various energy-saving measures to improve efficiency and reduce consumption[191]. - The Group has implemented policies to reduce paper usage, including adopting an electronic filing system and promoting double-sided printing[194]. - The total number of employees increased from 11 to 18, representing a growth of 63.6%[197]. - The Group reported no material non-compliance with relevant laws and regulations regarding waste disposal and emissions[200].
首都创投(02324) - 2019 - 年度财报