Financial Performance - The total comprehensive income attributable to the company's shareholders for the year was a net loss of $153.17 million, compared to a profit of $24.21 million in 2021[16]. - The company's net loss from financial assets for the year was $199.78 million, while the previous year recorded a net gain of $48.65 million[11]. - The group reported a loss attributable to shareholders of $15.317 million for the year ended December 31, 2022, compared to a profit of $24.21 million in the previous year, primarily due to a significant decline in the fair value of financial assets[49]. - The comprehensive income for the year included a net loss from financial assets measured at fair value through profit or loss, amounting to $(199.78 million)[59]. - The group’s total comprehensive income for the year was $(212.8 million), reflecting significant losses in investment activities[59]. - The basic loss per share for the year was $(1.005), indicating a decline in profitability compared to the previous year[59]. - The total pre-tax loss for the group in 2022 was $(196,387,262), compared to a pre-tax profit of $43,020,768 in 2021[86]. Assets and Liabilities - The total assets of the company decreased from $1.02 billion in 2021 to $715.62 million in 2022, representing a decline of approximately 29.9%[9]. - The net asset value attributable to shareholders decreased from $805.70 million in 2021 to $571.57 million in 2022, a reduction of about 29.0%[2]. - The company had no bank loans as of December 31, 2022, consistent with the previous year[21]. - The company’s cash and cash equivalents as of December 31, 2022, were $25.49 million, accounting for 3.56% of total assets[25]. - The net asset value of the group as of December 31, 2022, was $57.157 million, down from $80.57 million as of December 31, 2021, with a net asset value per share of $3.752 compared to $5.289 in the prior year[49]. Investment Activities - Investment income increased by 5.02% to $14.85 million in 2022, up from $14.14 million in 2021, primarily due to increased dividend income from investment projects[19]. - The company’s investment portfolio as of December 31, 2022, totaled $690.07 million, with financial services representing 63.47% of the total[25]. - The group invested RMB 6.5 million (approximately USD 1.02 million) in Huashun Xinan Technology Co., increasing its equity stake to 4.295%[30]. - The group agreed to invest USD 8 million in Immvira Bioscience Inc., acquiring a 1.67% equity interest[30]. - The group sold its 2.35% equity stake in Shenzhen Jiyang Intelligent Technology Co. for RMB 53.13 million (approximately USD 8.2 million), achieving a pre-tax internal rate of return of 8.90%[31]. - The group primarily invests in companies operating in mainland China, with no regional data related to investment activities presented[50]. - The group will continue to seek investment opportunities in sectors such as insurance, emerging technologies, cultural tourism, and healthcare[34]. Financial Reporting and Compliance - The group’s financial data is prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with applicable disclosure requirements[64]. - The group has complied with all relevant corporate governance codes and regulations during the year[34]. Cash Flow and Dividends - Cash and cash equivalents decreased by 30.43% from USD 36.64 million to $25.49 million, primarily due to the payment of special dividends[32]. - The board proposed a final dividend of USD 0.07 per share, totaling USD 10.66 million for the year, down from USD 21.33 million in the previous year[35]. Foreign Exchange and Risks - The group faced a 9.38% depreciation of the RMB against the USD, impacting its holdings of RMB assets[33]. - The group has no foreign currency hedging policy but will monitor foreign exchange risks and consider hedging when necessary[33]. Other Financial Metrics - The total tax expense for the year was $43.216 million, a decrease from $18.815 million in the previous year, with a significant deferred tax amount of $44.54 million recorded[52]. - The financial services segment reported a net loss of $(160,535,201) for 2022, while the cultural media and consumer segment generated a profit of $8,791,597[86]. - Interest income from bank deposits decreased to $216,625 in 2022 from $297,161 in 2021[86]. - Administrative expenses for the group were $(11,573,620) in 2022, reflecting a significant cost burden on overall performance[86].
招商局中国基金(00133) - 2022 - 年度业绩