Financial Performance - The company reported a significant increase in net asset value, reaching $1.2 billion, representing a 15% growth compared to the previous period[10]. - The company anticipates a revenue growth of 10% for the next quarter, projecting earnings of approximately $120 million[10]. - New product launches are expected to contribute an additional $30 million in revenue, with a focus on innovative technology solutions[10]. - The Company reported a net loss attributable to shareholders of HK$10,735,153 during the Period, including a net loss in fair value of HK$3,389,428 on investment positions[16]. - The unaudited net asset value per share was approximately HK$0.14, with net unrealised gains of HK$14,480,191 offset by net realised losses of HK$17,869,619 due to stock market volatility[18]. User Engagement - User data showed a 20% increase in active accounts, totaling 500,000 users, indicating strong customer engagement[10]. - Customer satisfaction ratings improved to 90%, reflecting the effectiveness of recent service enhancements[10]. Market Expansion - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share by the end of the fiscal year[10]. - The company is exploring partnerships with local firms to bolster its distribution network, aiming for a 30% increase in efficiency[10]. Strategic Investments - A strategic acquisition of a tech startup was completed, valued at $50 million, aimed at enhancing product offerings[10]. - The Company newly invested in Hanvey Group Holdings Limited, which focuses on the design, development, manufacturing, and distribution of watch products[23]. - The Company also invested in Gransing Finance Limited, which is engaged in money lending, to diversify investment risks and potentially enhance long-term returns[23]. - The company continues to explore new investment opportunities to enhance its portfolio and maximize returns[122]. - The management emphasizes the importance of strategic investments in emerging markets to drive future growth[122]. - The company is committed to maintaining a balanced investment approach while seeking high-potential opportunities in the market[122]. Economic Context - The GDP of China in the first half of 2022 increased to RMB 56,264.2 billion, representing a 2.5% increase compared to the first half of 2021[18]. - The Hang Seng Index and the Hang Seng Chinese Enterprises Index both dropped by 6.9% in the first half of 2022[20]. - The U.S. Federal Reserve raised interest rates by 50 and 75 basis points in May and June 2022, respectively, with expectations of rates increasing to 3.5% by the end of 2022[20]. - The recovery of business in the second half of 2022 is expected to be challenging due to ongoing uncertainties in the market[20]. Investment Portfolio - The company holds 7,010,000 ordinary shares of Hanvey Group Holdings Limited, representing a 4.67% ownership stake, with a market value of HK$3.47 million and an unrealized loss of HK$176,000[122]. - The investment in Orater Gold Mining Limited consists of 35,000,000 ordinary shares, accounting for 2.82% of the company, with a market value of HK$3.22 million and an unrealized gain of HK$554,000[122]. - The net asset attributable to the company from Hanvey Group Holdings Limited is HK$2.17 million, contributing 1.90% to the company's gross assets[122]. - The company received no dividends from its investments during the reporting period[122]. - The company’s total investments include significant stakes in various entities, with the largest being in Hanvey Group Holdings Limited and Orater Gold Mining Limited[122]. - The company’s total gross assets include investments exceeding 5% in several companies, highlighting a diversified investment strategy[122]. - The unrealized gains and losses from investments are closely monitored, with specific attention to market fluctuations affecting the portfolio[122]. Investment Performance - Gransing Financial holds 64 shares, representing an 18.08% ownership, with a market value of HK$18,300,000 and an unrealized loss of HK$28,077,000[124]. - iPro Financial Press Limited owns 17,493 shares, accounting for 19.97% of the investee, with a market value of HK$33,781,000 and an unrealized loss of HK$1,218,000[124]. - Gransing Finance Limited has 2,779,570 shares, representing a 19.90% stake, with a market value of HK$16,876,000 and no unrealized gain or loss[124]. - Help U Credit Finance holds 37,000 shares, which is 19.95% of the investee, with a market value of HK$19,000,000 and an unrealized loss of HK$14,132,000[125]. - The net asset attributable to Gransing Financial is HK$17.45 million, which is 10.03% of the company's gross assets[124]. - The dividend received by Gransing Financial during the period is not specified, but the unrealized gain/loss is noted for various investments[124]. - The cost of investment in iPro Financial Press Limited is HK$34,999,000, with a market value of HK$33,781,000[124]. - The total unrealized loss across the investments mentioned amounts to HK$43,427,000[124]. - The proportion of gross assets represented by the investments varies, with Gransing Financial at 10.03% and iPro Financial at 18.52%[124]. - The report indicates ongoing monitoring of market conditions and potential strategies for future investments and expansions[124].
中国新经济投资(00080) - 2022 - 中期财报