首控集团2023 中期报告

China First Capital Group Limited ()( Incorporated in the Cayman Islands with limited liability )Stock Code: 1269 CONTENTS 2Corporate Information5Management Discussion and Analysis28Other Information45Condensed Consolidated Statement ofProfit or Loss and OtherComprehensive Income47Condensed Consolidated Statement ofFinancial Position50Condensed Consolidated Statement ofChanges in Equity53Condensed Consolidated Statement ofCash Flows55Notes to the Interim Financial Information104Glossary CORPORATE INFORMATION THE BOARDExecutive Directors Wilson SEA## Dr. Wilson SEA(Co-Chairman#)Mr. ZHANG Li(Co-Chairman)#Mr. ZHAO Zhijun(Co-Chief Executive Officer)Dr. ZHU Huanqiang(Co-Chief Executive Officer) Independent Non-Executive Directors Mr. CHU Kin Wang, PeleusDr. DU XiaotangMr. LOO Cheng Guan AUDIT COMMITTEE Mr. CHU Kin Wang, Peleus(chairman)Dr. DU XiaotangMr. LOO Cheng Guan Wilson SEA NOMINATION COMMITTEE Dr. Wilson SEA(chairman)Mr. CHU Kin Wang, PeleusMr. LOO Cheng Guan REMUNERATION COMMITTEE Dr. DU Xiaotang(chairman)Mr. ZHAO ZhijunMr. CHU Kin Wang, Peleus STRATEGY COMMITTEE Dr. Wilson SEA(chairman)Mr. ZHAO ZhijunDr. ZHU HuanqiangMr. LOO Cheng Guan Wilson SEA RISK MANAGEMENT COMMITTEE Dr. Wilson SEA(chairman)Dr. ZHU HuanqiangMr. CHU Kin Wang, Peleus Wilson SEA COMPANY SECRETARYMr. CHAN Kwok Kee, Andy AUTHORISED REPRESENTATIVES Dr. ZHU HuanqiangMr. CHAN Kwok Kee, Andy HONG KONG LEGAL ADVISERLoeb & Loeb LLP PRINCIPAL BANKSBank of China (Hong Kong) LimitedChina Construction Bank Corporation (Nanyang Branch) AUDITORLinksfield CPA LimitedRegistered Public Interest Entity Auditor REGISTERED OFFICE Cricket Square, Hutchins DriveP.O. Box 2681, Grand Cayman, KY1-1111Cayman Islands Cricket Square, Hutchins DriveP.O. Box 2681, Grand Cayman, KY1-1111Cayman Islands PRINCIPAL PLACE OF BUSINESSIN HONG KONG Unit 913C, 9/FHong Kong Plaza188 Connaught Road WestHong Kong+ 1889913C+ + PRINCIPAL PLACE OF BUSINESSIN THE PRC Xipingtou Industrial ParkXichuan County, Henan Province PRINCIPAL SHARE REGISTRARAND TRANSFER OFFICE Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia CourtCamana BayGrand Cayman, KY1-1110Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia CourtCamana BayGrand Cayman, KY1-1110Cayman Islands HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 1269 STOCK EXCHANGE STOCK CODE1269 http://www.cfcg.com.hk COMPANY WEBSITEhttp://www.cfcg.com.hk MANAGEMENT DISCUSSION AND ANALYSIS INTRODUCTION The Company is an investment holding company. The Groupmaintains a diversified development strategy to providecustomers with a wide range of products and services,and is mainly engaged in financial services business,education management and consultation business andautomotive parts business currently. Our financial servicesbusiness can provide services such as listing sponsorship,underwriting and placing, dealing in securities, financingconsultancy, merger and acquisition agency, financialadvisory, asset management and private equity fundmanagement; our education management and consultationbusiness mainly provides international high schoolcurriculum and overseas study consultation services; andour automotive parts business is mainly engaged in R&D,manufacturing and sales of automobile absorbers. BUSINESS REVIEWFinancial Services Business The Group has obtained diversified financial servicelicences and established a consummate financialservice system to provide various entities with featured,differentiated and professional financial services. TheGroup is licensed to conduct type 1 (dealing in securities),type 4 (advising on securities), type 6 (advising on corporatefinance) and type 9 (asset management) regulated activitiesunder the SFO, and has been admitted by the SFC as asponsor under the SFO. As such, (i) in addition to dealingin securities and providing margin financing business tocustomers, it is also engaged in underwriting and placingof shares for listing applicants and listed companies; (ii) itcan provide portfolio (such as stocks, bonds, discretionarymanaged accounts, and funds) management, investmentconsultation and investment advisory services to its clients;(iii) it can act as a sponsor for listing applicants in IPO,advise on matters in relation to the “Codes on Takeoversand Mergers and Share Buy-backs” formulated by the SFC,and advise listed companies in relation to the Listing Rules. 1469(i)(ii)(iii)IPO MANAGEMENT DISCUSSION AND ANALYSIS(Continued) BUSINESS REVIEW(CONTINUED)Financial Services Business(Continued) IPO During the Reporting Period, the overall performance ofthe Hong Kong stock market was slightly sluggish whererecovery fell behind expectation due to factors such asslow recovery of the global economy, geopolitical conflicts,high inflationary pressures in major economies includingE