Zhi Tong Cai Jing·2025-08-20 10:58Core Insights - The company reported a total revenue of HKD 1.803 billion for the first half of 2025, a decrease of 3.96% year-on-year [1] - Total income increased to HKD 2.8 billion, reflecting a growth of 43.47% year-on-year [1] - Shareholders' profit attributable to the company reached HKD 0.887 billion, a significant increase of 1076% year-on-year [2] - Basic earnings per share were HKD 0.453, with an interim dividend proposed at HKD 0.12 per share [1] Financial Performance - The strong recovery in shareholders' profit was primarily driven by the investment management business, which benefited from an increase in project exits and improved market sentiment towards Chinese-related assets [2] - The investment management segment recorded a pre-tax profit of HKD 0.786 billion, compared to a loss of HKD 0.1475 billion in the same period of 2024 [2] - Performance improvements were noted across nearly all asset classes, including private equity, corporate holdings, hedge funds, special opportunity investments, and structured credit [2] Market Environment - Despite global market challenges due to tariff fluctuations and geopolitical tensions, the investment team achieved strong risk-adjusted returns [1] - The AI breakthroughs from DeepSeek in Hong Kong have rekindled global investor confidence, leading to a resurgence of capital inflow [1] - The Greater China region continues to face economic growth challenges due to weak domestic demand and ongoing structural reforms [1] Strategic Focus - The company emphasizes maintaining a robust balance sheet and ample liquidity as key priorities to capitalize on investment opportunities during market volatility [1] - Following a strategic transformation, the diversified complementary platform is increasingly generating synergies, driving recurring income growth and enhancing long-term shareholder value [1]