Group 1 - The Hang Seng Index rose by 0.46% to close at 24,139.57 points on July 11 [1] - Bosen Financial (00888.HK) closed at HKD 0.09 per share, up 9.76%, with a trading volume of 4.464 million shares and a turnover of HKD 398,300, showing a volatility of 17.07% [1] - Over the past month, Bosen Financial has seen a cumulative increase of 20.59%, and a year-to-date increase of 121.62%, outperforming the Hang Seng Index by 19.78% [1] Group 2 - As of December 31, 2024, Bosen Financial reported total revenue of HKD 40.9069 million, a year-on-year increase of 24.2%, while the net profit attributable to shareholders was HKD -25.1587 million, a decrease of 31.65% [1] - The gross profit margin stood at 25.02%, and the debt-to-asset ratio was 79.5% [1] - Currently, there are no institutional investment ratings for Bosen Financial [1] Group 3 - The average price-to-earnings (P/E) ratio for the other financial industry is 6.23 times, with a median of -0.2 times [1] - Bosen Financial's P/E ratio is -4.29 times, ranking 128th in the industry [1] - Comparatively, other financial companies have the following P/E ratios: China Merchants China Fund (00133.HK) at 2.54 times, Weixin Jinkou (02003.HK) at 3.54 times, Hong Kong Credit (01273.HK) at 3.69 times, Guoyin Financial Leasing (01606.HK) at 4.52 times, and Zhongguancun Technology Leasing (01601.HK) at 4.69 times [1][2]

Group 1 - The core point of the news is that 22% of Donghai Fund's equity is currently being solicited for bids on Alibaba's asset platform after previous failed auctions on JD's platform [1][3][5] - Donghai Fund is projected to achieve an operating income of approximately 150 million yuan and a net profit of around 37 million yuan by 2029, with an average annual growth rate of 29.86% for revenue and 10.69% for net profit over the next six years [1][9][12] Group 2 - In 2024, Donghai Fund reported a net profit of -4.36 million yuan, indicating ongoing financial challenges [2][11] - The fund's management scale was approximately 27.9 billion yuan at the end of 2024, showing growth from 22.1 billion yuan at the end of 2023, but it decreased to about 26.1 billion yuan by the end of Q1 2025 [12]

Core Viewpoint - The financial statements of Jiaxing Jingyao Enterprise Management Partnership (Limited Partnership) reflect the company's adherence to the accounting standards set by the Ministry of Finance of the People's Republic of China, ensuring a true and complete representation of its financial position and performance as of December 31, 2024, and December 31, 2023 [1][4]. Financial Reporting Basis - The company prepares its financial statements based on the going concern assumption, with no significant doubts regarding its ability to continue operations for the next 12 months from December 31, 2024 [1]. - The accounting records are maintained on an accrual basis, with historical cost as the primary measurement basis, except for certain financial instruments measured at fair value [1][4]. Fair Value Measurement - Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date [2]. - Fair value inputs are categorized into three levels based on their observability: Level 1 (quoted prices in active markets), Level 2 (observable inputs other than quoted prices), and Level 3 (unobservable inputs) [3]. Important Accounting Policies - The company recognizes financial assets and liabilities at fair value upon initial recognition, with subsequent measurement based on their classification [5][6]. - Financial assets are classified as either measured at amortized cost or at fair value through profit or loss, depending on the business model and contractual cash flow characteristics [6][8]. Financial Performance - As of December 31, 2024, the company reported a total capital of RMB 602,739,820, an increase from RMB 589,941,000 as of December 31, 2023, indicating a growth in partner equity [22][26]. - The company incurred a net loss of RMB 5,903,978.18 for the year, leading to an accumulated loss of RMB 23,799,852.87 by the end of 2024 [26][27]. Management Fees and Expenses - The annual management fee is calculated at 0.2% of the total capital contributed by limited partners, while the advisory fee is set at 0.8% [20]. - Total management and advisory fees for the reporting period amounted to RMB 5,899,410 [22][26]. Taxation - The company is classified as a small-scale taxpayer, subject to a 3% VAT rate, along with other applicable local taxes [21].