Financial Performance - The company reported revenue of HKD 82,643,000 for the six months ended June 30, 2024, a decrease of 57.4% compared to HKD 193,710,000 in the same period of 2023[1]. - Other income was nil for the current period, compared to HKD 185,333,000 in the previous period due to the waiver of accrued director's remuneration[7]. - The company incurred a loss attributable to owners of HKD 3,757,925,000, compared to a loss of HKD 2,254,948,000 in the prior year, representing an increase in loss of 66.5%[1]. - Basic and diluted loss per share was HKD (0.013), compared to HKD (0.009) in the previous year, indicating a worsening in per-share performance[1]. - The company recorded revenue of approximately HKD 83,000 for the six months ended June 30, 2024, a decrease from HKD 194,000 in the same period of 2023[15]. - The loss attributable to the company's owners was approximately HKD 3,758,000, compared to HKD 2,255,000 in the previous year[15]. - Basic loss per share was HKD 0.013, up from HKD 0.009 in 2023[12]. Assets and Liabilities - Total assets decreased to HKD 7,777,921,000 as of June 30, 2024, from HKD 13,431,149,000 at the end of 2023, reflecting a decline of 42.3%[2]. - Current liabilities decreased to HKD 5,401,568,000 from HKD 6,391,031,000, a reduction of 15.5%[2]. - The net asset value attributable to owners decreased to HKD 3,551,680,000 from HKD 7,309,950,000, a decline of 51.5%[2]. - The company's cash and cash equivalents as of June 30, 2024, were HKD 902,521, a significant decrease from HKD 7,021,796 at the end of 2023[19]. - The net asset value of the group was HKD 3,551,680 as of June 30, 2024, down from HKD 7,309,950 at the end of 2023, resulting in a net asset value per share of HKD 0.01[19]. - The company's total liabilities to equity ratio increased to 2.087 as of June 30, 2024, compared to 0.915 as of December 31, 2023[22]. Investments and Financial Assets - The company reported a net unrealized gain on financial assets at fair value through profit or loss of HKD 504,420,000, compared to a gain of HKD 2,140,479,000 in the previous year[8]. - The company has not generated any income from the sale of financial assets at fair value through profit or loss during the current period, compared to HKD 2,715,290,000 in the previous period[6]. - The company’s non-current assets increased significantly to HKD 3,185,174,000 from HKD 569,832,000, indicating a growth of 459.5%[2]. - The fair value of listed equity securities increased to HKD 6,486,340 as of June 30, 2024, from HKD 5,981,920 at the end of 2023[13]. - The group continues to invest in listed equity securities, diversifying its portfolio across various sectors including internet technology and property management[17]. Operational Expenses and Employee Costs - The company's administrative and other operating expenses were approximately HKD 4,282,000, compared to HKD 4,015,000 in the previous year[15]. - The total employee cost for the six months ended June 30, 2024, was HKD 2,282,000, a decrease from HKD 2,377,452 in the previous year[28]. Corporate Governance and Compliance - The company adheres to high standards of corporate governance and has established procedures in compliance with the corporate governance code[37]. - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial statements for the six months ending June 30, 2024[40]. - The external auditor has reviewed the interim financial statements in accordance with the relevant auditing standards[41]. Future Outlook and Strategic Decisions - The company anticipates a challenging global economic environment and will adopt prudent measures to manage existing investments while seeking new opportunities[31]. - The company has not engaged in any major acquisitions or disposals of subsidiaries, associates, or joint ventures during the period[31]. - The company did not recommend any interim dividend for the six months ended June 30, 2024, consistent with the previous year[11]. - The company has no agreements or future plans for significant investments or capital assets as of the announcement date[32]. - There have been no significant post-period events up to the announcement date, ending June 30, 2024[33]. - No major transactions, arrangements, or contracts involving significant interests related to the company's business have been established during the period[34]. - No directors or their associates hold any interests in competitive businesses that require disclosure under the listing rules as of the announcement date[35]. - The company and its subsidiaries did not purchase, sell, or redeem any of its listed securities during the period[36]. Financing Activities - The company entered into three loan agreements with Mr. Sun Bo, totaling HKD 3,000,000, to support daily operations, with a repayment period extended to December 31, 2024[20]. - The company successfully placed 47,520,000 new ordinary shares at a price of HKD 0.15 per share, raising approximately HKD 7.13 million for general working capital and future investments[21]. Name Change - The company changed its name to "China Sci-Tech Industrial Investment Group Limited" as of June 19, 2024[23]. Contingent Liabilities - The company has no significant contingent liabilities or capital commitments as of June 30, 2024[30][26]. - The company has no outstanding mortgages on its assets as of June 30, 2024[29].
核心经济投资(00339) - 2024 - 中期业绩