Financial Performance - The net asset value of the Group decreased to approximately HK$67.1 million as of June 30, 2022, down from HK$83.5 million as of December 31, 2021, primarily due to an operating loss of about HK$16.5 million[6]. - Gross proceeds from operations decreased significantly to about HK$9.4 million in the first half of 2022, down from about HK$118.9 million in the same period of 2021, mainly due to fewer short-term trading activities in listed equities[20]. - The Group's revenue for the period was approximately HK$348,000, an increase from HK$255,000 in the first half of 2021, primarily driven by higher dividend income from listed securities[22]. - Total operating income decreased to approximately HK$9.4 million for the first half of 2022, down from HK$118.9 million in the same period of 2021, primarily due to a decline in trading of short-term listed stocks[25]. - The loss from operations increased to about HK$16.5 million for the first half of 2022, compared to HK$7.9 million in the same period of 2021, mainly due to a net fair value loss on listed equity investments of approximately HK$8.1 million[29]. - The Group's loss attributable to owners for the six months ended June 30, 2022, was approximately HK$16,471,000, compared to a loss of HK$7,925,000 for the same period in 2021, indicating an increase in loss of 107%[194]. - Basic loss per share for the six months ended June 30, 2022, was approximately HK$0.116, compared to HK$0.070 for the same period in 2021, representing an increase of 65.7%[194]. Market Conditions - The Hang Seng Index, Hang Seng Chinese Enterprise Index, and Hang Seng TECH Index fell by 6.6%, 6.9%, and 14.1% respectively during the first half of 2022, reflecting the challenging market conditions[16]. - The U.S. consumer price index reached an unprecedented level of 9.1% in June 2022, contributing to heightened market volatility and concerns over interest rate hikes[13]. - The ongoing geopolitical tensions and the impact of the COVID-19 pandemic are expected to continue affecting market performance and investor sentiment[46]. Investment Strategy - The Group's investment strategy was adjusted to reduce short-term trading activities on technology stocks amid volatile market conditions[21]. - The company plans to diversify investments across different sectors to mitigate risks associated with high market uncertainties and regulatory actions in China[45]. - The investment strategy includes a buy-and-hold approach and short-term trading tactics to enhance returns on listed securities[75]. Dividend Policy - The Group did not recommend the payment of an interim dividend for the period ended June 30, 2022, consistent with the previous year[5]. - There were no dividends paid, declared, or proposed during the six months ended June 30, 2022, consistent with the same period in 2021[193]. - No dividends were declared or proposed for the six months ended June 30, 2022, consistent with the same period in 2021[198]. Assets and Liabilities - As of June 30, 2022, bank and cash balances amounted to approximately HK$16.3 million, a decrease of about HK$19 million from HK$35.3 million at the end of 2021[50]. - The net current assets as of June 30, 2022, were approximately HK$40.3 million, down from HK$49.9 million at the end of 2021[50]. - The Group maintained a low gearing ratio of about 2.1% as of June 30, 2022, compared to 2.0% at the end of 2021[51]. - Total assets decreased to HK$73,858,000 as of June 30, 2022, down from HK$89,467,000 as of December 31, 2021, reflecting a decline of approximately 17.5%[153]. - Current assets fell to HK$47,138,000 from HK$55,825,000, a decrease of about 15.5%[153]. Employee and Administrative Expenses - Administrative expenses decreased to approximately HK$9.0 million from HK$12.0 million in the first half of 2021, with employment benefit expenses also reduced to HK$6.4 million from HK$7.5 million[37]. - The number of employees decreased to 16 as of June 30, 2022, from 21 at the end of 2021[64]. Government Grants - The group recognized government grants of about HK$0.2 million from the 2022 Employment Support Scheme, aimed at retaining employees during the pandemic[31]. - The Group recognized government grants of approximately HK$208,000 related to the 2022 Employment Support Scheme during the six months ended June 30, 2022[180]. Financial Assets - The Group's portfolio financial assets at fair value through profit or loss amounted to about HK$47.3 million as of June 30, 2022, compared to approximately HK$42.8 million as of December 31, 2021[7]. - Financial assets at fair value through profit or loss (FVTPL) decreased from HK$24,208,000 to HK$17,618,000, a decline of approximately 27%[153]. - The fair value of listed equity securities was HK$47,314,000, an increase from HK$42,839,000 as of December 31, 2021, representing an increase of approximately 10.9%[177]. Cash Flow - The net cash used in operating activities was HK$18,707,000, a decline from a cash generation of HK$7,041,000 in the same period last year[156]. - Cash and cash equivalents decreased by HK$18,991,000, ending at HK$16,282,000 as of June 30, 2022, compared to HK$36,298,000 at the end of the previous period[156].
中国铸晨81(00810) - 2022 - 中期财报