Financial Performance - For the six months ended June 30, 2024, the company reported a loss attributable to owners of the company of HKD 18,650,000, compared to a loss of HKD 10,931,000 for the same period in 2023, representing an increase of 70%[1] - The company's basic and diluted loss per share for the period was HKD 2.26, compared to HKD 1.41 in the previous year, indicating a deterioration in earnings performance[1] - The company reported a loss before tax of HKD 18,650,000 for the six months ended June 30, 2024, compared to a loss of HKD 10,931,000 for the same period in 2023, representing an increase in loss of approximately 70%[13] - The increase in loss was primarily due to a fair value loss on financial assets amounting to approximately HKD 7,569,000[24] - The company did not declare or recommend any interim dividend for the period, consistent with the previous year[15] - The company has not declared an interim dividend for the six months ended June 30, 2024[23] Assets and Equity - Total assets as of June 30, 2024, amounted to HKD 112,578,000, a significant increase from HKD 76,506,000 as of December 31, 2023, reflecting a growth of 47%[2] - The net asset value per share remained stable at HKD 0.10 for both periods reported[3] - Current assets net value as of June 30, 2024, was HKD 101,426,000, compared to HKD 64,655,000 at the end of 2023, indicating a 57% increase[3] - The company’s total equity rose to HKD 108,610,000 from HKD 71,883,000, representing a growth of 51%[3] - As of June 30, 2024, the group's cash and cash equivalents amounted to approximately HKD 12,044,000, a significant increase from HKD 1,595,000 as of December 31, 2023[32] Expenses - Administrative and other operating expenses increased to HKD 11,786,000 from HKD 4,217,000, reflecting a rise of 179%[1] - Employee costs increased to HKD 1,815,000 for the six months ended June 30, 2024, up from HKD 1,480,000 in 2023, reflecting a rise of about 22.6%[7] - The total employee costs for the six months ended June 30, 2024, were approximately HKD 4,402,000, compared to HKD 3,840,000 for the same period in 2023[37] Investments - The company holds investments in Alibaba Group with a net asset value of HKD 2,398,000, and the market value is HKD 3,067,000, indicating a potential gain[17] - The company’s investment in Brockman Mining Limited represents a 2.91% equity interest with a net asset value of HKD 14,914,000 and a market value of HKD 27,819,000[17] - The group's main investment portfolio as of June 30, 2024, includes approximately HKD 77,430,000 in listed financial instruments, HKD 18,677,000 in unlisted direct investments, and HKD 2,990,000 in unlisted investment funds[27] Rights Issue and Future Plans - The company plans to raise approximately HKD 57,000,000 through a rights issue, with net proceeds estimated at HKD 55,000,000 after expenses[22] - The company intends to use approximately HKD 15,000,000 of the net proceeds from the rights issue for general working capital and the remaining HKD 40,000,000 for future investments[22] - The company has no plans to seek bank borrowings before most of its funds are used for investments[25] Market and Strategic Developments - Alibaba Group's strategy is showing effectiveness, focusing on enhancing user experience through quality products and services, leading to a return to growth in market share[28] - Brockman Mining Limited reported significant progress in the Marillana project, with ongoing studies for new port development and infrastructure approvals[28] - Affluent Partners Holdings Limited is diversifying its product offerings by introducing jade products and exploring partnerships to expand its customer base[29] - Tencent's Q2 2024 performance showed recovery in domestic gaming revenue and accelerated growth in international markets, driven by increased user engagement and successful new game launches[30] - The group is committed to continuous investment in technology, including AI, to create new business value and better serve user needs[30] Financial Health and Risk Management - The debt-to-equity ratio as of June 30, 2024, was 9.2%, a decrease from 14.2% as of December 31, 2023[32] - The board emphasizes a cautious approach moving into the second half of 2024, focusing on capital preservation and risk management due to ongoing global challenges[36] - The company has no significant capital commitments or contingent liabilities as of June 30, 2024[34] - The group has no encumbered assets as of June 30, 2024, compared to zero as of December 31, 2023[33] Audit and Reporting - The audit committee currently consists of three independent non-executive directors, including Ms. Lu Xiulian as the chairperson[42] - The mid-term report for the six months ending June 30, 2024, has been reviewed and will be published on the Hong Kong Stock Exchange and the company's website[42] - The mid-term performance announcement will be sent to shareholders and published in accordance with listing rules[42]
胡桃资本(00905) - 2024 - 中期业绩