Financial Performance - For the six months ended September 30, 2025, the Group recorded gross proceeds from the disposal of securities of approximately HK$51.9 million, up from approximately HK$11.0 million for the same period in 2024, representing an increase of approximately 371.8%[11] - Revenue decreased from approximately HK$3.3 million for the six months ended September 30, 2024, to approximately HK$1.8 million for the current period, a decline of approximately 46.5%[11] - The Group achieved a net profit of approximately HK$147.6 million for the period, a significant turnaround from a net loss of approximately HK$7.0 million in the previous year[11] - The Group's financial performance was primarily driven by the outstanding performance of its listed investments during the period[11] - ANPA reported an audited consolidated profit attributable to shareholders of approximately US$0.82 million for the financial year ended 30 September 2024[22] - ANPA recorded a net loss of US$0.3 million for the six months ended 31 March 2025, primarily due to increased staff costs and other expenses[23] - China Jicheng achieved an audited consolidated profit attributable to shareholders of approximately RMB10.9 million for the financial year ended 31 December 2024[28] - AMCO reported an audited consolidated loss attributable to shareholders of approximately HK$1,233,000 for the financial year ended 31 December 2024[34] - The total comprehensive income attributable to shareholders for the period was HK$147,567,000, compared to a loss of HK$6,966,000 in the previous year[111] Assets and Net Asset Value - The unaudited consolidated net assets of the Group as of September 30, 2025, amounted to approximately HK$301.0 million, compared to approximately HK$153.4 million as of March 31, 2025, reflecting an increase of approximately 96.1%[11] - The net asset value per share increased to approximately HK$0.73 from approximately HK$0.37 as of March 31, 2025[12] - The Group's cash and cash equivalents increased to approximately HK$23.0 million as of 30 September 2025, up from approximately HK$6.4 million as of 31 March 2025, representing a growth of 259.4%[73] - The Group's listed securities amounted to approximately HK$236.2 million as of 30 September 2025, compared to HK$99.6 million as of 31 March 2025, indicating a significant increase of 137.5%[73] - The Group's gearing ratio decreased to 2.6% as of 30 September 2025, down from 4.3% as of 31 March 2025, suggesting improved financial stability[75] - The Group's amounts due to brokers increased to approximately HK$8.0 million as of 30 September 2025, compared to approximately HK$6.6 million as of 31 March 2025[73] - The Group's other receivables amounted to HK$6,206,000, an increase from HK$5,858,000 as of 31 March 2025[155] - The Group's financial assets decreased to HK$5,885,000 as of 30 September 2025 from HK$6,232,000 as of 31 March 2025[155] Investments - The Group's investment portfolio is valued at approximately HK$280.1 million, which includes HK$236.2 million in listed equities, HK$37.1 million in debt investments, and HK$6.8 million in direct investments in unlisted equities[17] - The Group's investments include a portfolio of listed shares in forty-nine companies, bonds issued by two listed companies and one unlisted company, and direct investments in two unlisted equity securities[17] - Significant investments are defined as any of the Group's investments with a fair value over 5% of the Group's total assets as of September 30, 2025[19] - The investment portfolio primarily comprises unlisted equity securities, unlisted debt securities, and listed equity securities in Hong Kong, China, and the United States[19] - The Group will continue to focus on investment opportunities primarily based on the Chinese economy, aiming for outstanding returns under acceptable risk levels[62] Operational Highlights - The Group's operations are solely based in Hong Kong, with all revenue derived from this region[134] - The Group's activities are classified under a single business segment focused on investment holding, with no significant operating losses reported[133] - The Group retained nine employees as of 30 September 2025, a decrease from eleven employees in the previous year[81] - The total staff costs for the Group remained stable at approximately HK$0.2 million for the six months ended 30 September 2025, unchanged from the previous year[81] - Total staff costs (excluding directors' remunerations) for the six months ended 30 September 2025 were HK$230,000, compared to HK$208,000 in 2024, reflecting an increase of approximately 10.58%[143] Governance and Compliance - The Company has complied with the Code on Corporate Governance Practices throughout the six months ended September 30, 2025, with some deviations noted[104] - The Audit Committee reviewed the unaudited consolidated results for the six months ended September 30, 2025, including discussions on internal controls and financial reporting[107] - The Board is in the process of finding a suitable individual to fill the roles of Chairman and Chief Executive Officer, which should be separated according to governance standards[105] - The Group confirmed compliance with the public float requirement of the Listing Rules for the six months ended September 30, 2025[95] Dividends and Future Plans - The Group did not recommend any interim dividend for the six months ended September 30, 2025, consistent with the previous year[64] - The Directors do not recommend the payment of a dividend for the six months ended 30 September 2025, consistent with the previous year[141] - The Group has no concrete plans for significant investments or capital assets as of 30 September 2025[63] Miscellaneous - The Group's margin payables were HK$5,658,000 as of 30 September 2025, compared to approximately HK$5,558,000 as of 31 March 2025, indicating a slight increase[156] - The number of issued and fully paid shares remained constant at 412,596,600 shares as of both 31 March 2025 and 30 September 2025[161] - The Group paid HK$360,000 in investment manager's fees to Evergrande Securities (Hong Kong) Limited during the six months ended 30 September 2024[164] - The investment management agreement with Evergrande Securities was terminated effective from 4 October 2024[166]
中国投融资(01226) - 2026 - 中期财报