中泽丰(01282) - 2025 - 中期财报

Corporate Profile Zhongze Feng International Limited ("the Company") was established in 2009 and listed on the Main Board of the Hong Kong Stock Exchange in 2010, with the Group primarily engaged in automation, property investment and development, financial services, and securities investment - The Company was established in 2009 and listed on the Main Board of the Hong Kong Stock Exchange (stock code: 01282.HK) on December 15, 2010[3] - The Group is primarily engaged in automation, property investment and development, financial services, and securities investment[3][6] - The Group is one of the leading distributors of automation equipment in China, committed to seizing opportunities in smart manufacturing transformation under "Made in China 2025" and 5G market development[4][6] - The property investment and development segment operates commercial complexes, high-end residences, hotels, serviced apartments, and office buildings in Hong Kong and major Chinese cities, and will continue to seek quality property projects in the Greater Bay Area[5][6] - The Group holds financial services licenses in Hong Kong and China, including securities trading, asset management, and money lending[7][9] Corporate Information This section provides detailed corporate information for Zhongze Feng International Limited, including Board members, committee compositions, company secretary, authorised representatives, principal bankers, legal advisors, auditor, registered office, Hong Kong head office and principal place of business, share registrar, listing venue, and company website - Board members include Executive Director Mr. Li Man Bun (Acting Chief Executive Officer), Ms. Liu Jiaxin, Non-executive Director Mr. Zhang Chi (Acting Chairman), and Independent Non-executive Directors Ms. Zhang Juan, Mr. Chan Man Wai, and Ms. Zhao Yizi[12][13] - The Audit Committee Chairman is Ms. Zhang Juan, the Nomination Committee Acting Chairman is Mr. Zhang Chi, the Remuneration Committee Chairman is Mr. Chan Man Wai, the Investment Committee Acting Chairman is Mr. Zhang Chi, and the Strategy Committee Acting Chairman is Mr. Zhang Chi[12][13][15] - The Company Secretary is Mr. Sze Wing Fung, and the Authorised Representatives are Mr. Li Man Bun and Mr. Sze Wing Fung[15][16] - Principal bankers include China Construction Bank (Asia) Corporation Limited, Chong Hing Bank Limited, and United Overseas Bank Limited[15][16] - The auditor is Union Alpha CPA Limited[16] - The Company's shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited, with stock code 01282, and a board lot size of 8,000 shares[18][19] Financial Highlights This section outlines the unaudited financial highlights for the six months ended June 30, 2025, including key indicators of operating results and financial position, compared with the corresponding period in 2024 Financial Highlights for the Six Months Ended June 30, 2025 (HK$ million) | Metric | 2025 (unaudited) | 2024 (unaudited) | | :--- | :--- | :--- | | Operating Results | | | | Revenue | 456.5 | 379.4 | | Gross Profit | 122.9 | 122.8 | | EBITDA | 9.2 | (141.6) | | EBIT | 1.3 | (151.6) | | Loss attributable to owners of the Company | 47.7 | 79.8 | | Loss per share (HK cents) — basic and diluted | 1.78 | 2.98 | | Financial Position | As at 30 June 2025 (unaudited) | As at 31 December 2024 (audited) | | Total assets | 10,169.5 | 9,929.8 | | Net assets | 5,636.6 | 5,590.3 | | Cash and cash equivalents | 981.3 | 777.7 | | Current ratio | 1.4 | 1.2 | Condensed Consolidated Statement of Profit or Loss This section presents the condensed consolidated statement of profit or loss for the six months ended June 30, 2025, detailing the Group's revenue, cost of sales, gross profit, various expenses and gains/losses, ultimately arriving at the loss for the period attributable to owners of the Company and non-controlling interests Condensed Consolidated Statement of Profit or Loss (HK$ thousand) | Metric | 2025 (unaudited) | 2024 (unaudited) | | :--- | :--- | :--- | | Revenue | 456,539 | 379,435 | | Cost of sales | (333,672) | (256,621) | | Gross Profit | 122,867 | 122,814 | | Other gains/(losses) — net | 160 | (60,107) | | Other income | 5,377 | 3,230 | | Fair value gain on investment properties | 19,746 | 32,228 | | Impairment loss on financial assets — net | (60,488) | (68,995) | | Write-down of property inventories | (7,208) | (67,952) | | Distribution costs | (10,492) | (8,891) | | Administrative expenses | (68,687) | (72,536) | | Profit/(loss) from operations | 1,275 | (120,209) | | Finance costs — net | (38,931) | (11,101) | | Share of results of associates | — | (31,347) | | Loss before income tax | (37,656) | (162,657) | | Income tax expense/(credit) | (11,037) | 19,438 | | Loss for the period | (48,693) | (143,219) | | Attributable to: Owners of the Company | (47,714) | (79,768) | | Non-controlling interests | (979) | (63,451) | | Total loss for the period | (48,693) | (143,219) | Condensed Consolidated Statement of Comprehensive Income This section presents the condensed consolidated statement of comprehensive income for the six months ended June 30, 2025, showing the loss for the period and other comprehensive income/(expense) items, including exchange differences on translation and net fair value change of equity instruments designated at fair value through other comprehensive income, ultimately arriving at the total comprehensive income/(expense) for the period Condensed Consolidated Statement of Comprehensive Income (HK$ thousand) | Metric | 2025 (unaudited) | 2024 (unaudited) | | :--- | :--- | :--- | | Loss for the period | (48,693) | (143,219) | | Other comprehensive income/(expense): | | | | Items that may be reclassified to profit or loss: | | | | Exchange differences on translation | 88,894 | (45,975) | | Share of other comprehensive expense of associates | — | (10,278) | | Items that will not be reclassified to profit or loss: | | | | Net fair value change of equity instruments designated at fair value through other comprehensive income | 6,071 | (4,055) | | Other comprehensive income/(expense) for the period | 94,965 | (60,308) | | Total comprehensive income/(expense) for the period | 46,272 | (203,527) | | Total comprehensive income/(expense) attributable to: | | | | Owners of the Company | 40,449 | (123,423) | | Non-controlling interests | 5,823 | (80,104) | | Total | 46,272 | (203,527) | | Loss per share: Basic (HK cents) | (1.78) | (2.98) | | Loss per share: Diluted (HK cents) | (1.78) | (2.98) | Condensed Consolidated Statement of Financial Position This section provides the condensed consolidated statement of financial position as at June 30, 2025, and December 31, 2024, detailing the Group's assets, liabilities, and equity, including non-current assets, current assets, current liabilities, non-current liabilities, and total equity Condensed Consolidated Statement of Financial Position (HK$ thousand) | Metric | As at 30 June 2025 (unaudited) | As at 31 December 2024 (audited) | | :--- | :--- | :--- | | ASSETS | | | | Non-current assets | 5,557,004 | 5,447,390 | | Current assets | 4,612,461 | 4,482,395 | | **Total assets