Financial Performance - The company reported a profit of HKD 68,325,000 for the six months ending December 31, 2023, compared to a loss of HKD 42,707,000 in the same period of 2022, representing a significant turnaround [2]. - Total revenue for the period was HKD 123,000, an increase from HKD 79,000 year-on-year [2]. - The group reported a total segment profit of HKD 72,205,000 for the six months ended December 31, 2023, compared to a loss of HKD 34,899,000 for the same period in 2022 [16]. - Basic and diluted earnings per share for the period were HKD 0.62 cents, compared to a loss of HKD 0.39 cents per share in the same period last year [3]. - The group’s pre-tax loss for the six months ended December 31, 2023, was HKD 68,325,000 [16]. - The company recorded a profit of HKD 68,325,000 for the six months ended December 31, 2023, compared to a profit of HKD 42,707,000 for the same period last year, representing a year-over-year increase of 60.2% [29]. Asset and Equity Position - The company's net asset value increased to HKD 208,711,000 as of December 31, 2023, up from HKD 129,449,000 as of June 30, 2023 [6]. - Total assets increased to HKD 241,639,000 as of December 31, 2023, up from HKD 159,257,000 as of June 30, 2023 [18]. - The total assets less current liabilities amounted to HKD 219,385,000, compared to HKD 130,422,000 in the previous period [5]. - The group's total equity as of December 31, 2023, was HKD 208,711,000, an increase from HKD 129,449,000 on June 30, 2023 [47]. Cash and Liquidity - The company had cash and cash equivalents of HKD 523,000 as of December 31, 2023, down from HKD 606,000 at the end of June 2023 [5]. - The current ratio as of December 31, 2023, was approximately 3.15 times, up from 1.93 times on June 30, 2023 [41]. - The debt-to-asset ratio as of December 31, 2023, was approximately 13.63%, down from 18.72% on June 30, 2023 [41]. - The group has no bank borrowings or capital commitments as of December 31, 2023 [41]. Segment Performance - The clean energy segment generated a profit of HKD 52,733,000, while the real estate and natural gas segment contributed HKD 14,827,000 [16]. - The group’s total segment revenue for the clean energy segment was HKD 123,000 for the six months ended December 31, 2023 [16]. - The group’s total segment assets reached HKD 239,911,000 as of December 31, 2023, compared to HKD 156,845,000 as of June 30, 2023 [18]. Investment and Fair Value - The company plans to exit investments in the micro-lending industry due to rising operational risks and declining interest rates, while continuing to focus on investments in the clean energy sector [34]. - The fair value gains from listed investments amounted to approximately HKD 14,326,000, while the fair value gains from unlisted investments were about HKD 57,756,000 during the same period [29]. - The fair value of unlisted investments increased by 62.89% to HKD 153,382,000 as of December 31, 2023, compared to HKD 94,163,000 as of June 30, 2023 [33]. - The company holds a 30% stake in Henan Tianguan Energy Bio-chemical Technology Co., with a fair value of HKD 34,899,000 as of December 31, 2023 [36]. Employee Costs - The group’s employee costs, including directors' remuneration, amounted to HKD 2,295,000 for the six months ended December 31, 2023 [25]. - The total employee costs for the period were HKD 2,327,000, a decrease from HKD 4,915,000 in the previous year [49]. Dividends and Shareholder Returns - The group did not declare an interim dividend for the six months ended December 31, 2023 [26]. - The group did not recommend any interim dividend for the period, consistent with the previous year [42]. Governance and Compliance - The company has adopted the standard code of conduct for securities trading as per Appendix C3 of the listing rules, confirming full compliance by all directors during the period [53]. - An audit committee has been established, consisting of three independent non-executive directors, to review accounting principles and discuss audit and risk management systems [54]. Management and Operations - Trading of the company's shares has been suspended since October 3, 2023, and will continue until further notice [56]. - The chairman and CEO of the company is Du Lindong [57]. - As of the announcement date, the executive director is Du Lindong, with independent non-executive directors including Lei Zhiwei, Liu Xiaodong, and Zong Shijian [58].
中国金融国际(00721) - 2024 - 中期业绩