Interim Report中期報告2021China Investments HoldingsLimited Corporate Information公司資料 1Interim Report 2021 China Investments Holdings Limited執行董事何向明（主席及 董事總經理）游廣武（董事）黃志和（董事副總經理）王 欣（董事副總經理）程衛東（董事副總經理）獨立非執行 董事陳國偉陳達成鄧宏平審核委員會陳國偉（主席）陳達成鄧宏平薪酬委員會陳達成（主席）陳國偉鄧宏平何向明提名委員會何向明（主席）陳國偉陳達成鄧宏平註冊辦事處Clarendon House 2 Church Street Hamilton HM 11 Bermuda 主要營業 地點香港九龍尖沙咀麼地道62號永安廣場501室Executive Directors He Xiangming (Chairman and Managing Director)You Guang Wu (Director) Huang Zhihe (Deputy Managing Director)Wang Xin (Deputy Managing Director) Cheng Weidong (Deputy Managing Director) Independent Non-executive Directors Chan Kwok Wai Chen Da Cheng Deng Hong Ping Audit Committee Chan Kwok Wai (Chairman) Chen Da Cheng Deng Hong Ping Remuneration Committee Chen Da Cheng (Chairman) Chan Kwok Wai Deng Hong Ping He XiangmingNomination Committee He Xiangming (Chairman) Chan Kwok Wai Chen Da Cheng Deng Hong Ping Registered Office Clarendon House 2 Church Street Hamilton HM 11 Bermuda Principal Place of Business Unit 501, Wing On Plaza62 Mody Road Tsimshatsui Kowloon Hong Kong Corporate Information公司資料 2中國興業控股有限公司 二零二一年中期報告股份過戶 登記處MUFG Fund Services (Bermuda) Limited 4th FloorNorth Cedar House41 Cedar AvenueHamilton HM 12Bermuda股份過戶 登記分處卓佳廣進有限公司香港皇后大道東183號合和中心54樓主要來往 銀行中國銀行交通銀行東亞銀行恒生銀行中國工商銀行（澳門） 股份有限公司華僑永亨銀行律師胡關李羅律師行核數師恒健會計師行有限公司執業會計師公司秘書羅泰安股份代號132 網址http://chinainvestments.tonghaiir.com Registrar MUFG Fund Services (Bermuda) Limited 4th FloorNorth Cedar House41 Cedar AvenueHamilton HM 12BermudaBranch Registrar Tricor Progressive Limited Level 54, Hopewell Centre 183 Queen’s Road East Hong Kong Principal Bankers Bank of China Bank of Communications Bank of East Asia Limited Hang Seng BankIndustrial and Commercial Bank of China (Macau) LimitedOCBC Wing Hang Bank LimitedSolicitors Woo, Kwan, Lee & Lo Auditor HLM CPA Limited Certified Public Accountants Company Secretary Lo Tai On Stock Code 132 Website http://chinainvestments.tonghaiir.com Management Discussion and Analysis管理層討論及分析 3Interim Report 2021 China Investments Holdings Limited業績業務回顧由於集團於去年九月份完成了收購廣東天諾投資有限公司（「天諾」）後，將天諾營業收入合併入帳，增加了約港幣68,404,000元；而且融資租賃業務不斷發展，使經營收入增加了約港幣16,354,000元；此外，在今年五月中旬通過南海區福利中心轉制機遇，接管運營佛山市南海區桃苑福利中心有限公司（「桃苑福利中心」）及佛山市南海區桃苑康復醫院有限公司（「桃苑康復醫院」），使大健康養老業務經營收入增加了約港幣7,717,000元；同時其他業務經營收入也較去年同期理想，截至二零二一年六月三十一日止六個月，本集團總收入錄得約港幣205,207,000元，比去年同期大幅增長114.6%。RESULTSBUSINESS REVIEWThe Group completed acquisition of Guangdong Tiannuo Investments Co., Ltd. (“Tiannuo”) in September 2020 and consolidated Tiannuo into its financial statements, which contributed revenue of approximately HK$68,404,000. In addition, the progress of financial leasing business generated operating income of approximately HK$16,354,000. Moreover, leveraging the reorganization of the welfare center of Nanhai District, the Group took over Foshan City Nanhai District Taoyuan Nursing Home Company Limited (“Taoyuan Nursing Home”) and Foshan City Nanhai District Taoyuan Rehabilitation Hospital Co., Limited (“Taoyuan Rehabilitation Hospital”) in mid-May 2021, which increased the operating income from wellness elderly care business by approximately HK$7,717,000. Meanwhile, other businesses also recorded desirable operating income as compared the same period of last year. For the six months ended 30 June 2021, the Group achieved total revenue of approximately HK$205,207,000, representing a substantial year-on-year increase of 114.6%. Management Discussion and Analysis管理層討論及分析 4中國興業控股有限公司 二零二一年中期報告去年同期因待出售粵科租賃25%股權交易資產需要進一步評估而計提了減值約港幣20,170,000元，今年上半年則未有類似的資產減值損失，而且由於息率普遍持續下降，在集團積極控制利息支出等融資成本下，利息支出（不包括融資租賃業務之營運利息成本）較去年同期減少了約港幣7,583,000元；不過，雖然融資租賃業務之發展為本集團帶來了新增加的營業收入，但面對新冠疫情影響和市場競爭加劇所帶來的挑戰，本集團主動應對，降低部分客戶融資租賃費率，使毛利下跌，加上出於謹慎原則，較去年同期大幅增加預期信貸虧損的撥備，導致利潤貢獻相反減少了約港幣6,849,000元；與此同時，天諾正進入技術升級改造的衝刺階段，導致部分生產線需要暫時停產，引致產品生產及銷售受到極大影響，並需要對舊有的固定資產進行處置清理而產生了數以百萬計損失，導致天諾出現了虧損約港幣9,818,000元；加上，隨著丹灶產業園項目的開展投資所衍生的成本及管理費用等相應增加，使物業投資業務經營虧損增加了約港幣6,846,000元；此外，由於剛剛初步運營桃苑福利中心及桃苑康復醫院，使大健康養老業務經營虧損進一步増加；綜合其他因素後本集團淨虧損由去年同期港幣17,939,000元收窄了27%至約港幣13,093,000元。During the corresponding period last year, an impairment loss of approximately HK$20,170,000 was provided due to the valuation of 25% equity interests in Guangdong Financial Leasing which was held for sale, while no similar asset impairment loss was provided during the first half of 2021. In addition, given the constant decline in interest rates, the Group proactively controlled financing costs such as interest expenses, leading to a year-on-year decrease in interest expenses (excluding operating interest costs of financial leasing business) of approximately HK$7,583,000 compared with the same period of last year; However, although the financial leasing business contributed operating income to the Group, in response to the challenges brought by COVID-19 epidemic and intensif